# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001193125-26-205617
**Filing Date:** 2026-5
**Character Count:** 6435604
**Document Hash:** 36d3aaab92517add8762b75db5e3a5dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-205617.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0001193125-26-205617

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 59

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**EFFECTIVENESS DATE**: 20260505

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663

**ORGANIZATION NAME:**
- **EIN:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 26941613

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares iBoxx $ Investment Grade Corporate Bond ETF (Series ID: S000004361)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000012091 | iShares iBoxx $ Investment Grade Corporate Bond ETF | LQD             |

### iShares Core U.S. Aggregate Bond ETF (Series ID: S000004362)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000012092 | iShares Core U.S. Aggregate Bond ETF | AGG             |

### iShares 1-5 Year Investment Grade Corporate Bond ETF (Series ID: S000013697)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000037539 | iShares 1-5 Year Investment Grade Corporate Bond ETF | IGSB            |

### iShares 5-10 Year Investment Grade Corporate Bond ETF (Series ID: S000013698)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000037540 | iShares 5-10 Year Investment Grade Corporate Bond ETF | IGIB            |

### iShares Broad USD Investment Grade Corporate Bond ETF (Series ID: S000013699)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000037541 | iShares Broad USD Investment Grade Corporate Bond ETF | USIG            |

### iShares Intermediate Government/Credit Bond ETF (Series ID: S000013700)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000037542 | iShares Intermediate Government/Credit Bond ETF | GVI             |

### iShares Government/Credit Bond ETF (Series ID: S000013701)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000037543 | iShares Government/Credit Bond ETF | GBF             |

### iShares MBS ETF (Series ID: S000013702)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000037544 | iShares MBS ETF | MBB             |

### iShares iBoxx $ High Yield Corporate Bond ETF (Series ID: S000016772)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000046846 | iShares iBoxx $ High Yield Corporate Bond ETF | HYG             |

### iShares 10+ Year Investment Grade Corporate Bond ETF (Series ID: S000026651)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000080009 | iShares 10+ Year Investment Grade Corporate Bond ETF | IGLB            |

### iShares Core 10+ Year USD Bond ETF (Series ID: S000026652)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000080010 | iShares Core 10+ Year USD Bond ETF | ILTB            |

### iShares Core 5-10 Year USD Bond ETF (Series ID: S000055401)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000174365 | iShares Core 5-10 Year USD Bond ETF | IMTB            |

### iShares High Yield Systematic Bond ETF (Series ID: S000057341)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000182992 | iShares High Yield Systematic Bond ETF | HYDB            |

### iShares Investment Grade Systematic Bond ETF (Series ID: S000057342)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000182993 | iShares Investment Grade Systematic Bond ETF | IGEB            |

### iShares ESG Aware 1-5 Year USD Corporate Bond ETF (Series ID: S000058036)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000189864 | iShares ESG Aware 1-5 Year USD Corporate Bond ETF | SUSB            |

### iShares ESG Aware USD Corporate Bond ETF (Series ID: S000058037)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000189865 | iShares ESG Aware USD Corporate Bond ETF | SUSC            |

### iShares ESG Aware U.S. Aggregate Bond ETF (Series ID: S000062159)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000201167 | iShares ESG Aware U.S. Aggregate Bond ETF | EAGG            |

### iShares ESG Advanced Universal USD Bond ETF (Series ID: S000068817)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000219898 | iShares ESG Advanced Universal USD Bond ETF | EUSB            |

### iShares Total USD Fixed Income Market ETF (Series ID: S000097904)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000267414 | iShares Total USD Fixed Income Market ETF | BTOT            |

?xml version='1.0' encoding='ASCII'? iShares Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

#### FORM N-CSR

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number:

#### 811-09729
Name of Fund:

iShares Trust

Fund Address: c/o BlackRock Fund Advisors, 400 Howard Street, San Francisco, CA 94105

Name and address of agent for service: The Corporation Trust Company, 1209 Orange Street, Wilmington, DE 19801

Registrant's telephone number, including area code:

&nbsp;&nbsp;&nbsp;&nbsp;(415) 670-2000

Date of fiscal year end:

#### 2/28/2026
Date of reporting period:

Item 1 — Report to Stockholders

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Report to Shareholders is attached herewith

### iShares 10+ Year Investment Grade Corporate Bond ETF

### IGLB \| NYSE Arca

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares 10+ Year Investment Grade Corporate Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares 10+ Year Investment Grade Corporate Bond ETF | $4 | 0.04% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 5.77%. 

* For the same period, the ICE BofA US Broad Market Index returned 6.23%, and the ICE BofA 10+ Year US Corporate Index (Spliced) returned 5.93%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield on the 10-year benchmark U.S. Treasury ended lower as investors negotiated the administration's trade policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period.

The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower, while inflation and heavy Treasury supply kept longer-maturity yields higher. (Bond yields move inversely to prices.) Against this backdrop, investment-grade corporate bonds outperformed Treasuries, reflecting solid U.S. economic growth, strong risk appetite, and confidence in corporate profits.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735893.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 5.77% | (1.28)% | 3.34% |
| ICE BofA US Broad Market Index | 6.23 | 0.47 | 1.98 |
| ICE BofA 10+ Year US Corporate Index (Spliced) | 5.93 | (1.04) | 3.52 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$2778719238 |
| Number of Portfolio Holdings | &nbsp;&nbsp;3815 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$1037661 |
| Portfolio Turnover Rate | &nbsp;&nbsp;7% |

---

The performance of the ICE BofA 10+ Year US Corporate Index (Spliced) in this report reflects the performance of the Bloomberg U.S. Long Credit Index through July 31, 2018 and, beginning on August 1, 2018, the performance of the ICE BofA 10+ Year US Corporate Index.

On December 1, 2023, the Fund began to compare its performance to the standard pricing time of the ICE BofA 10+ Year US Corporate Index (the "Index"). Index data prior to March 1, 2021 is for the Index's standard pricing time of 3pm. Index data from March 1, 2021 through November 30, 2023 is for a custom 4pm pricing variant of the Index. Index returns beginning on December 1, 2023 reflect the Index's new standard pricing time of 4pm. The change of the Index's standard pricing time from 3pm to 4pm resulted in the discontinuation of the custom 4pm pricing variant used from March 1, 2021 through November 30, 2023.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 2.8% |
| Aa | 12.8% |
| A | 43.2% |
| Baa | 39.8% |
| Ba | 1.4% |
| Not Rated | 0.0 %(b) |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total*<br> *Investments*<sup>(a)</sup>* |
| 10-15 Years | 18.3% |
| 15-20 Years | 21.9% |
| More than 20 Years | 59.8% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>(b)</sup></sup><sup>Rounds to less than 0.1%.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited, ICE Data Indices, LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares 10+ Year Investment Grade Corporate Bond ETF

Annual Shareholder Report — February 28, 2026

IGLB-02/26-AR

### iShares 1-5 Year Investment Grade Corporate Bond ETF

### IGSB \| NASDAQ

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares 1-5 Year Investment Grade Corporate Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares 1-5 Year Investment Grade Corporate Bond ETF | $4 | 0.04% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 6.32%. 

* For the same period, the ICE BofA US Broad Market Index returned 6.23%, and the ICE BofA 1-5 Year US Corporate Index (Spliced) returned 6.25%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield on the 10-year benchmark U.S. Treasury ended lower as investors negotiated the administration's trade policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period.

The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower, while inflation and heavy Treasury supply kept longer-maturity yields higher. (Bond yields move inversely to prices.) Against this backdrop, investment-grade corporate bonds outperformed Treasuries, reflecting solid U.S. economic growth, strong risk appetite, and confidence in corporate profits.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6736124.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 6.32% | 2.59% | 2.90% |
| ICE BofA US Broad Market Index | 6.23 | 0.47 | 1.98 |
| ICE BofA 1-5 Year US Corporate Index (Spliced) | 6.25 | 2.51 | 2.99 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$22616926665 |
| Number of Portfolio Holdings | &nbsp;&nbsp;4506 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$8647890 |
| Portfolio Turnover Rate | &nbsp;&nbsp;28% |

---

The performance of the ICE BofA 1-5 Year US Corporate Index (Spliced) in this report reflects the performance of the Bloomberg U.S. 1-3 Year Credit Bond Index through July 31, 2018 and, beginning on August 1, 2018, the performance of the ICE BofA 1-5 Year US Corporate Index.

On December 1, 2023, the Fund began to compare its performance to the standard pricing time of the ICE BofA 1-5 Year US Corporate Index (the "Index"). Index data prior to March 1, 2021 is for the Index's standard pricing time of 3pm. Index data from March 1, 2021 through November 30, 2023 is for a custom 4pm pricing variant of the Index. Index returns beginning on December 1, 2023 reflect the Index's new standard pricing time of 4pm. The change of the Index's standard pricing time from 3pm to 4pm resulted in the discontinuation of the custom 4pm pricing variant used from March 1, 2021 through November 30, 2023.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 1.0% |
| Aa | 9.5% |
| A | 45.1% |
| Baa | 42.7% |
| Ba | 1.7% |
| Not Rated | 0.0 %(b) |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total<br> Investments*<sup>(a)</sup>* |
| 1-2 Years | 19.0% |
| 2-3 Years | 27.2% |
| 3-4 Years | 23.2% |
| 4-5 Years | 24.8% |
| 5-6 Years | 4.8% |
| 6-7 Years | 0.2% |
| 8-9 Years | 0.3% |
| 9-10 Years | 0.4% |
| 21-22 Years | 0.1% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>(b)</sup></sup><sup>Rounds to less than 0.1%.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited, ICE Data Indices, LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares 1-5 Year Investment Grade Corporate Bond ETF

Annual Shareholder Report — February 28, 2026

IGSB-02/26-AR

### iShares 5-10 Year Investment Grade Corporate Bond ETF

### IGIB \| NASDAQ

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares 5-10 Year Investment Grade Corporate Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares 5-10 Year Investment Grade Corporate Bond ETF | $4 | 0.04% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 8.36%. 

* For the same period, the ICE BofA US Broad Market Index returned 6.23%, and the ICE BofA 5-10 Year US Corporate Index (Spliced) returned 8.34%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield on the 10-year benchmark U.S. Treasury ended lower as investors negotiated the administration's trade policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period.

The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower, while inflation and heavy Treasury supply kept longer-maturity yields higher. (Bond yields move inversely to prices.) Against this backdrop, investment-grade corporate bonds outperformed Treasuries, reflecting solid U.S. economic growth, strong risk appetite, and confidence in corporate profits.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6736009.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 8.36% | 1.70% | 3.46% |
| ICE BofA US Broad Market Index | 6.23 | 0.47 | 1.98 |
| ICE BofA 5-10 Year US Corporate Index (Spliced) | 8.34 | 1.72 | 3.53 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$18292119488 |
| Number of Portfolio Holdings | &nbsp;&nbsp;2958 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$6441278 |
| Portfolio Turnover Rate | &nbsp;&nbsp;27% |

---

The performance of the ICE BofA 5-10 Year US Corporate Index (Spliced) in this report reflects the performance of the Bloomberg U.S. Intermediate Credit Bond Index through July 31, 2018 and, beginning on August 1, 2018, the performance of the ICE BofA 5-10 Year US Corporate Index.

On December 1, 2023, the Fund began to compare its performance to the standard pricing time of the ICE BofA 5-10 Year US Corporate Index (the "Index"). Index data prior to March 1, 2021 is for the Index's standard pricing time of 3pm. Index data from March 1, 2021 through November 30, 2023 is for a custom 4pm pricing variant of the Index. Index returns beginning on December 1, 2023 reflect the Index's new standard pricing time of 4pm. The change of the Index's standard pricing time from 3pm to 4pm resulted in the discontinuation of the custom 4pm pricing variant used from March 1, 2021 through November 30, 2023.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 0.6% |
| Aa | 7.8% |
| A | 43.2% |
| Baa | 46.9% |
| Ba | 1.5% |
| Not Rated | 0.0 %(b) |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total*<br> *Investments*<sup>(a)</sup>* |
| 5-10 Years | 92.1% |
| 10-15 Years | 5.9% |
| 15-20 Years | 0.1% |
| More than 20 Years | 1.9% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>(b)</sup></sup><sup>Rounds to less than 0.1%.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited, ICE Data Indices, LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares 5-10 Year Investment Grade Corporate Bond ETF

Annual Shareholder Report — February 28, 2026

IGIB-02/26-AR

### iShares Broad USD Investment Grade Corporate Bond ETF

### USIG \| NASDAQ

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares Broad USD Investment Grade Corporate Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares Broad USD Investment Grade Corporate Bond ETF | $4 | 0.04% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 6.72%. 

* For the same period, the ICE BofA US Broad Market Index returned 6.23% and the ICE BofA US Corporate Index (Spliced) returned 6.71%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield on the 10-year benchmark U.S. Treasury ended lower as investors negotiated the administration's trade policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period.

The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower, while inflation and heavy Treasury supply kept longer-maturity yields higher. (Bond yields move inversely to prices.) Against this backdrop, investment-grade corporate bonds outperformed Treasuries, reflecting solid U.S. economic growth, strong risk appetite, and confidence in corporate profits.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6736079.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 6.72% | 1.00% | 3.23% |
| ICE BofA US Broad Market Index | 6.23 | 0.47 | 1.98 |
| ICE BofA US Corporate Index (Spliced) | 6.71 | 1.08 | 3.33 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$17000194517 |
| Number of Portfolio Holdings | &nbsp;&nbsp;11255 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$5838695 |
| Portfolio Turnover Rate | &nbsp;&nbsp;12% |

---

The performance of the ICE BofA US Corporate Index (Spliced) in this report reflects the performance of the Bloomberg U.S. Credit Bond Index through July 31, 2018 and, beginning on August 1, 2018, the performance of the ICE BofA US Corporate Index.

On December 1, 2023, the Fund began to compare its performance to the standard pricing time of the ICE BofA US Corporate Index (the "Index"). Index data prior to March 1, 2021 is for the Index's standard pricing time of 3pm. Index data from March 1, 2021 through November 30, 2023 is for a custom 4pm pricing variant of the Index. Index returns beginning on December 1, 2023 reflect the Index's new standard pricing time of 4pm. The change of the Index's standard pricing time from 3pm to 4pm resulted in the discontinuation of the custom 4pm pricing variant used from March 1, 2021 through November 30, 2023.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 1.4% |
| Aa | 9.8% |
| A | 44.2% |
| Baa | 43.1% |
| Ba | 1.5% |
| Not Rated | 0.0 %(b) |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total*<br> *Investments*<sup>(a)</sup>* |
| 1-5 Years | 39.2% |
| 5-10 Years | 28.1% |
| 10-15 Years | 7.1% |
| 15-20 Years | 6.9% |
| More than 20 Years | 18.7% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>(b)</sup></sup><sup>Rounds to less than 0.1%.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited, ICE Data Indices, LLC and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares Broad USD Investment Grade Corporate Bond ETF

Annual Shareholder Report — February 28, 2026

USIG-02/26-AR

### iShares Core 10+ Year USD Bond ETF

### ILTB \| NYSE Arca

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares Core 10+ Year USD Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares Core 10+ Year USD Bond ETF | $6 | 0.06% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 5.55%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Bloomberg U.S. Universal 10+ Year Index returned 5.61%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield on the 10-year U.S. Treasury ended lower as investors negotiated the Trump Administration's trade policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period.

The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower, while inflation and heavy Treasury supply kept longer-maturity yields higher.

What detracted from performance?

During the reporting period, the prices of long-term government securities were negatively impacted by rising yields.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735880.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 5.55% | (2.35)% | 2.31% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.42 |
| Bloomberg U.S. Universal 10+ Year Index | 5.61 | (2.32) | 2.37 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$635171382 |
| Number of Portfolio Holdings | &nbsp;&nbsp;3829 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$359629 |
| Portfolio Turnover Rate | &nbsp;&nbsp;13% |

---

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 48.4% |
| Aa | 8.2% |
| A | 18.9% |
| Baa | 20.1% |
| Ba | 2.6% |
| B | 0.6% |
| Caa | 0.9% |
| Ca | 0.0 %(b) |
| Not Rated | 0.3% |

---

Portfolio composition

---

| | |
|:---|:---|
| *Investment Type* | *Percent of Total<br> Investments<sup>(a)</sup>* |
| U.S. Government & Agency Obligations | 46.6% |
| Corporate Bonds & Notes | 44.3% |
| Foreign Government Obligations | 7.5% |
| Municipal Debt Obligations | 1.6% |
| Asset-Backed Securities | 0.0 %(b) |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>(b)</sup></sup><sup>Rounds to less than 0.1%.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares Core 10+ Year USD Bond ETF

Annual Shareholder Report — February 28, 2026

ILTB-02/26-AR

### iShares Core 5-10 Year USD Bond ETF

### IMTB \| NYSE Arca

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares Core 5-10 Year USD Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### This report describes changes to the Fund that occurred during the reporting period.

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares Core 5-10 Year USD Bond ETF | $5 | 0.05% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 7.65%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Bloomberg U.S. Universal 5-10 Year Index returned 7.75%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield on the 10-year U.S. Treasury ended lower as investors negotiated the Trump Administration's trade policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period.

The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower, while inflation and heavy Treasury supply kept longer-maturity yields higher.

What detracted from performance?

During the reporting period, the prices of long-term government securities were negatively impacted by rising yields.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: November 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735822.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *Since Fund<br> Inception* |
| Fund NAV | 7.65% | 0.88% | 2.11% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.16 |
| Bloomberg U.S. Universal 5-10 Year Index | 7.75 | 0.92 | 2.18 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$286702887 |
| Number of Portfolio Holdings | &nbsp;&nbsp;3515 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$127685 |
| Portfolio Turnover Rate | &nbsp;&nbsp;265% |

---

The inception date of the Fund was November 1, 2016.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 72.9% |
| Aa | 2.6% |
| A | 8.6% |
| Baa | 9.8% |
| Ba | 3.0% |
| B | 2.1% |
| Caa | 0.5% |
| Ca | 0.0 %(b) |
| Not Rated | 0.5% |

---

Portfolio composition

---

| | |
|:---|:---|
| *Investment Type* | *Percent of Total<br> Investments<sup>(a)</sup>* |
| U.S. Government & Agency Obligations | 71.4% |
| Corporate Bonds & Notes | 23.7% |
| Foreign Government Obligations | 4.2% |
| Collateralized Mortgage Obligations | 0.7% |
| Municipal Debt Obligations | 0.1% |
| TBA Sales Commitments | (0.1)% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>(b)</sup></sup><sup>Rounds to less than 0.1%.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Material Fund Changes
This is a summary of certain changes to the Fund since February 28, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available approximately 120 days after February 28, 2026 at **blackrock.com/fundreports** or upon request by contacting us at 1-800-iShares (1-800-474-2737).

The contractual fee waiver has been extended through February 28, 2031.

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares Core 5-10 Year USD Bond ETF

Annual Shareholder Report — February 28, 2026

IMTB-02/26-AR

### iShares Core U.S. Aggregate Bond ETF

### AGG \| NYSE Arca

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares Core U.S. Aggregate Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br>investment** | **Costs paid as a percentage of a<br>$10,000 investment** |
| iShares Core U.S. Aggregate Bond ETF | $3 | 0.03% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 6.24%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Bloomberg U.S. Aggregate Bond Index returned 6.26%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield on the 10-year U.S. Treasury ended lower as investors negotiated the Trump Administration's trade policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period. In this environment, Treasury securities contributed the most to the Fund's return, followed by securitized bonds. Longer-dated issues, those between seven and ten years, and bonds over ten years, benefited performance. By credit rating, investment-grade bonds rated Aa by Moody's, also supported the Fund's return.

What detracted from performance?

During the reporting period, there were no significant detractors from the Fund's return.

*The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6736137.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 6.24% | 0.41% | 1.94% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.42 |
| Bloomberg U.S. Aggregate Bond Index | 6.26 | 0.42 | 1.97 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$141477241350 |
| Number of Portfolio Holdings | &nbsp;&nbsp;13122 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$36153900 |
| Portfolio Turnover Rate | &nbsp;&nbsp;62% |

---

**Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br>Investments<sup>(a)</sup>* |
| Aaa | 73.8% |
| Aa | 2.9% |
| A | 11.5% |
| Baa | 11.3% |
| Ba | 0.4% |
| Not Rated | 0.1% |

---

Portfolio composition

---

| | |
|:---|:---|
| *Investment Type* | *Percent of Total<br>Investments<sup>(a)</sup>* |
| U.S. Government & Agency Obligations | 71.0% |
| Corporate Bonds & Notes | 24.9% |
| Foreign Government Obligations | 2.4% |
| Collateralized Mortgage Obligations | 1.0% |
| Municipal Debt Obligations | 0.4% |
| Asset-Backed Securities | 0.4% |
| TBA Sales Commitments | (0.1)% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares Core U.S. Aggregate Bond ETF

Annual Shareholder Report — February 28, 2026

AGG-02/26-AR

### iShares ESG Advanced Universal USD Bond ETF

### EUSB \| NYSE Arca

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares ESG Advanced Universal USD Bond ETF (the "Fund") (formerly known as iShares ESG Advanced Total USD Bond Market ETF) for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### This report describes changes to the Fund that occurred during the reporting period.

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br>investment** | **Costs paid as a percentage of a<br>$10,000 investment** |
| iShares ESG Advanced Universal USD Bond ETF | $12 | 0.12% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 6.27%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Bloomberg MSCI US Universal Choice ESG Screened Index returned 6.39%. 

What contributed to performance?

During the reporting period, U.S. bond markets gained as the Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025. The yield on the 10-year U.S. Treasury ended lower due to uncertainty around the Trump Administration's tariff policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period. During the reporting period, Treasury securities were meaningful contributors to the Fund's return. Corporate issues also supported performance, most notably financial bonds. In terms of credit quality, bonds rated Aa by Moody's, which sit at the higher end of the investment grade scale, also supported the Fund's return.

What detracted from performance?

During the reporting period, there were no significant detractors from the Fund's return.

*The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: June 23, 2020 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735642.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *Since Fund<br>Inception* |
| Fund NAV | 6.27% | 0.63% | 0.53% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 0.77 |
| Bloomberg MSCI US Universal Choice ESG Screened Index | 6.39 | 0.75 | 0.66 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$724379924 |
| Number of Portfolio Holdings | &nbsp;&nbsp;4211 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$824790 |
| Portfolio Turnover Rate | &nbsp;&nbsp;87% |

---

The inception date of the Fund was June 23, 2020.

**Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br>Investments<sup>(a)</sup>* |
| Aaa | 64.9% |
| Aa | 3.6% |
| A | 11.2% |
| Baa | 15.7% |
| Ba | 2.8% |
| B | 1.2% |
| Caa | 0.4% |
| Not Rated | 0.2% |

---

Portfolio composition

---

| | |
|:---|:---|
| *Investment Type* | *Percent of Total<br>Investments<sup>(a)</sup>* |
| U.S. Government & Agency Obligations | 61.5% |
| Corporate Bonds & Notes | 31.0% |
| Foreign Government Obligations | 6.5% |
| Collateralized Mortgage Obligations | 0.8% |
| Asset-Backed Securities | 0.3% |
| TBA Sales Commitments | (0.1)% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Material Fund Changes
This is a summary of certain changes to the Fund since February 28, 2025. For more complete information, you may review the Fund's next prospectus, which we expect to be available approximately 120 days after February 28, 2026 at **blackrock.com/fundreports** or upon request by contacting us at 1-800-iShares (1-800-474-2737).

Effective October 31, 2025, the name of the Fund was changed from iShares ESG Advanced Total USD Bond Market ETF to iShares ESG Advanced Universal USD Bond ETF.

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares ESG Advanced Universal USD Bond ETF

Annual Shareholder Report — February 28, 2026

EUSB-02/26-AR

### iShares ESG Aware 1-5 Year USD Corporate Bond ETF

### SUSB \| NASDAQ

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares ESG Aware 1-5 Year USD Corporate Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares ESG Aware 1-5 Year USD Corporate Bond ETF | $12 | 0.12% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 6.17%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Bloomberg MSCI US Corporate 1-5 Year ESG Focus Index returned 6.27%. 

What contributed to performance?

During the reporting period, U.S. bond markets gained as the Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025. The yield on the 10-year U.S. Treasury ended lower due to uncertainty around the Trump Administration's tariff policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period. In this landscape, corporate securities were meaningful contributors to the Fund's return, most notably financial and consumer non-cyclical bonds. In terms of credit quality, bonds rated Baa by Moody's, which sit at the lower end of the investment grade scale, were large contributors to the Fund's return.

What detracted from performance?

During the reporting period, there were no significant detractors from the Fund's return.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: July 11, 2017 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735821.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *Since Fund<br> Inception* |
| Fund NAV | 6.17% | 2.38% | 2.85% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.28 |
| Bloomberg MSCI US Corporate 1-5 Year ESG Focus Index | 6.27 | 2.50 | 3.05 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$1092286453 |
| Number of Portfolio Holdings | &nbsp;&nbsp;1650 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$1217275 |
| Portfolio Turnover Rate | &nbsp;&nbsp;34% |

---

The inception date of the Fund was July 11, 2017.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 0.2% |
| Aa | 5.1% |
| A | 45.5% |
| Baa | 47.5% |
| Ba | 1.7% |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total<br> Investments*<sup>(a)</sup>* |
| 1-2 Years | 19.5% |
| 2-3 Years | 26.6% |
| 3-4 Years | 23.7% |
| 4-5 Years | 23.2% |
| 5-6 Years | 6.3% |
| 8-9 Years | 0.3% |
| 9-10 Years | 0.3% |
| 21-22 Years | 0.1% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares ESG Aware 1-5 Year USD Corporate Bond ETF

Annual Shareholder Report — February 28, 2026

SUSB-02/26-AR

### iShares ESG Aware U.S. Aggregate Bond ETF

### EAGG \| NYSE Arca

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares ESG Aware U.S. Aggregate Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares ESG Aware U.S. Aggregate Bond ETF | $10 | 0.10% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 6.18%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Bloomberg MSCI US Aggregate ESG Focus Index returned 6.29%. 

What contributed to performance?

During the reporting period, U.S. bond markets gained as the Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025. The yield on the 10-year U.S. Treasury ended lower due to uncertainty around the Trump Administration's tariff policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period. In this landscape, Treasury securities were meaningful contributors to the Fund's return. Securitized issues also supported performance. In terms of credit quality, bonds rated Aa by Moody's, which sit at the higher end of the investment grade scale, were the largest contributors to the Fund's return.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: October 18, 2018 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735701.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *Since Fund<br> Inception* |
| Fund NAV | 6.18% | 0.31% | 2.37% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.75 |
| Bloomberg MSCI US Aggregate ESG Focus Index | 6.29 | 0.42 | 2.48 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$4632445106 |
| Number of Portfolio Holdings | &nbsp;&nbsp;5235 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$3965106 |
| Portfolio Turnover Rate | &nbsp;&nbsp;94% |

---

The inception date of the Fund was October 18, 2018.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 74.1% |
| Aa | 2.1% |
| A | 10.9% |
| Baa | 12.6% |
| Ba | 0.2% |
| Not Rated | 0.1% |

---

Portfolio composition

---

| | |
|:---|:---|
| *Investment Type* | *Percent of Total<br> Investments<sup>(a)</sup>* |
| U.S. Government & Agency Obligations | 70.5% |
| Corporate Bonds & Notes | 25.0% |
| Foreign Government Obligations | 3.1% |
| Collateralized Mortgage Obligations | 1.1% |
| Asset-Backed Securities | 0.4% |
| TBA Sales Commitments | (0.1)% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares ESG Aware U.S. Aggregate Bond ETF

Annual Shareholder Report — February 28, 2026

EAGG-02/26-AR

### iShares ESG Aware USD Corporate Bond ETF

### SUSC \| NASDAQ

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares ESG Aware USD Corporate Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares ESG Aware USD Corporate Bond ETF | $19 | 0.18% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 6.48%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Bloomberg MSCI US Corporate ESG Focus Index returned 6.61%. 

What contributed to performance?

During the reporting period, U.S. bond markets gained as the Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025. The yield on the 10-year U.S. Treasury ended lower due to uncertainty around the Trump Administration's tariff policies, a prolonged U.S. government shutdown, and increasing geopolitical tensions later in the period. In this landscape, corporate securities were the largest contributors to the Fund's return, notably financial and consumer non-cyclical issues. In terms of credit quality, bonds rated Baa by Moody's, which sit at the lower end of the investment grade scale, were also large contributors to the Fund's return.

What detracted from performance?

During the reporting period, there were no significant detractors from the Fund's return.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: July 11, 2017 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735762.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *Since Fund<br> Inception* |
| Fund NAV | 6.48% | 0.62% | 2.65% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.28 |
| Bloomberg MSCI US Corporate ESG Focus Index | 6.61 | 0.81 | 2.91 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$1404677053 |
| Number of Portfolio Holdings | &nbsp;&nbsp;4184 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$2196400 |
| Portfolio Turnover Rate | &nbsp;&nbsp;15% |

---

The inception date of the Fund was July 11, 2017.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 1.1% |
| Aa | 5.9% |
| A | 43.2% |
| Baa | 48.5% |
| Ba | 1.2% |
| Not Rated | 0.1% |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total*<br> *Investments*<sup>(a)</sup>* |
| 1-5 Years | 36.3% |
| 5-10 Years | 28.8% |
| 10-15 Years | 8.0% |
| 15-20 Years | 6.5% |
| More than 20 Years | 20.4% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares ESG Aware USD Corporate Bond ETF

Annual Shareholder Report — February 28, 2026

SUSC-02/26-AR

### iShares Government/Credit Bond ETF

### GBF \| NYSE Arca

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares Government/Credit Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares Government/Credit Bond ETF | $21 | 0.20% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 5.66%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Bloomberg U.S. Government/Credit Bond Index returned 5.83%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield on the 10-year U.S. Treasury ended lower as investors navigated the administration's evolving trade policies, a prolonged U.S. government shutdown, and rising geopolitical tensions. The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower, while persistent inflation and increased Treasury supply kept longer-maturity yields elevated. (Bond yields move inversely to prices.)

Against this backdrop, investment-grade corporate bonds outperformed Treasuries, reflecting solid U.S. economic growth, strong investor risk appetite, and confidence in corporate earnings. Mortgage-backed securities ("MBS") also posted gains and outperformed U.S. investment-grade corporates, as the Fed's shift toward lower interest rates, reduced market volatility, and the steepening yield curve, which supported MBS issuance.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6736066.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 5.66% | 0.11% | 1.89% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.42 |
| Bloomberg U.S. Government/Credit Bond Index | 5.83 | 0.30 | 2.09 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$132908451 |
| Number of Portfolio Holdings | &nbsp;&nbsp;3255 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$279077 |
| Portfolio Turnover Rate | &nbsp;&nbsp;20% |

---

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 65.0% |
| Aa | 3.8% |
| A | 14.1% |
| Baa | 16.4% |
| Ba | 0.7% |
| Not Rated | 0.0 %(b) |

---

Portfolio composition

---

| | |
|:---|:---|
| *Investment Type* | *Percent of Total<br> Investments<sup>(a)</sup>* |
| U.S. Government & Agency Obligations | 62.7% |
| Corporate Bonds & Notes | 32.7% |
| Foreign Government Obligations | 3.9% |
| Municipal Debt Obligations | 0.7% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>(b)</sup></sup><sup>Rounds to less than 0.1%.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares Government/Credit Bond ETF

Annual Shareholder Report — February 28, 2026

GBF-02/26-AR

### iShares High Yield Systematic Bond ETF

### HYDB \| Cboe BZX Exchange

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares High Yield Systematic Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares High Yield Systematic Bond ETF | $36 | 0.35% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 6.84%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53%, the BlackRock High Yield Systematic Bond Index returned 7.78% and the Markit iBoxx USD Liquid High Yield Index returned 7.24%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. Against this backdrop, credit markets remained well supported, with investment grade and high yield spreads tightening to near the lower end of their historical ranges, reflecting resilient fundamentals, healthy demand for income, and a constructive growth outlook. Bonds rated Ba and B by Moody's benefited the Fund's return. Within sectors, communications bonds contributed the most to returns, followed by financial and consumer cyclical bonds. By maturity, bonds dated between three and seven years helped to support performance.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: July 11, 2017 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735761.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *Since Fund<br> Inception* |
| Fund NAV | 6.84% | 5.00% | 5.73% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.28 |
| BlackRock High Yield Systematic Bond Index | 7.78 | 5.58 | 6.16 |
| Markit iBoxx USD Liquid High Yield Index | 7.24 | 4.40 | 4.81 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$1693757763 |
| Number of Portfolio Holdings | &nbsp;&nbsp;267 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$5590009 |
| Portfolio Turnover Rate | &nbsp;&nbsp;93% |

---

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.

The inception date of the Fund was July 11, 2017.

The Fund will no longer compare its performance to the Markit iBoxx USD Liquid High Yield Index effective approximately one year from June 27, 2025.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Baa | 0.6% |
| Ba | 46.1% |
| B | 45.8% |
| Caa | 6.1% |
| Ca | 1.4% |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total*<br> *Investments*<sup>(a)</sup>* |
| 0-1 Year | 0.3% |
| 1-5 Years | 60.5% |
| 5-10 Years | 37.6% |
| 10-15 Years | 0.5% |
| 15-20 Years | 0.2% |
| More than 20 Years | 0.9% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited, BlackRock Index Services, LLC, Markit Indices Limited, and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with Bloomberg Index Services Limited or Markit Indices Limited, but is affiliated with BlackRock Index Services, LLC.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares High Yield Systematic Bond ETF

Annual Shareholder Report — February 28, 2026

HYDB-02/26-AR

### iShares iBoxx $ High Yield Corporate Bond ETF

### HYG \| NYSE Arca

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares iBoxx $ High Yield Corporate Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares iBoxx $ High Yield Corporate Bond ETF | $51 | 0.49% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 6.92%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Markit iBoxx USD Liquid High Yield Index returned 7.24%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower. (Bond yields move inversely to prices.)

Against this backdrop, investment-grade corporate bonds outperformed Treasuries, reflecting solid U.S. economic growth, strong risk appetite, and confidence in corporate earnings. High-yield bonds also posted positive returns, supported by interest rate cuts and stronger investor demand for risk assets.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735938.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 6.92% | 4.00% | 5.64% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.42 |
| Markit iBoxx USD Liquid High Yield Index | 7.24 | 4.40 | 6.11 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$16674284256 |
| Number of Portfolio Holdings | &nbsp;&nbsp;1330 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$85201518 |
| Portfolio Turnover Rate | &nbsp;&nbsp;22% |

---

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating\** | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Baa | 1.5% |
| Ba | 48.0% |
| B | 37.4% |
| Caa | 11.5% |
| Ca | 0.6% |
| C | 0.0 %(b) |
| Not Rated | 1.0% |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total*<br> *Investments*<sup>(a)</sup>* |
| 0-1 Year | 0.5% |
| 1-5 Years | 57.6% |
| 5-10 Years | 38.5% |
| 10-15 Years | 0.3% |
| More than 20 Years | 3.1% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>(b)</sup></sup><sup>Rounds to less than 0.1%.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited, Markit Indices Limited, and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares iBoxx $ High Yield Corporate Bond ETF

Annual Shareholder Report — February 28, 2026

HYG-02/26-AR

### iShares iBoxx $ Investment Grade Corporate Bond ETF

### LQD \| NYSE Arca

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares iBoxx $ Investment Grade Corporate Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | $14 | 0.14% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 6.74%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Markit iBoxx USD Liquid Investment Grade Index returned 6.82%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower. (Bond yields move inversely to prices.)

Against this backdrop, investment-grade corporate bonds outperformed Treasuries, reflecting solid U.S. economic growth, strong risk appetite, and confidence in corporate earnings. High-yield bonds also posted positive returns, supported by interest rate cuts and stronger investor demand for risk assets.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6736182.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 6.74% | 0.33% | 3.25% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.42 |
| Markit iBoxx USD Liquid Investment Grade Index | 6.82 | 0.53 | 3.38 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$32132634331 |
| Number of Portfolio Holdings | &nbsp;&nbsp;3073 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$40919514 |
| Portfolio Turnover Rate | &nbsp;&nbsp;16% |

---

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 2.3% |
| Aa | 9.2% |
| A | 47.2% |
| Baa | 39.3% |
| Ba | 2.0% |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total*<br> *Investments*<sup>(a)</sup>* |
| 1-5 Years | 19.1% |
| 5-10 Years | 38.0% |
| 10-15 Years | 8.7% |
| 15-20 Years | 8.1% |
| More than 20 Years | 26.1% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited, Markit Indices Limited, and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares iBoxx $ Investment Grade Corporate Bond ETF

Annual Shareholder Report — February 28, 2026

LQD-02/26-AR

### iShares Intermediate Government/Credit Bond ETF

### GVI \| Cboe BZX Exchange

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares Intermediate Government/Credit Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares Intermediate Government/Credit Bond ETF | $21 | 0.20% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 5.97%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Bloomberg U.S. Intermediate Government/Credit Bond Index returned 6.16%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield on the 10-year U.S. Treasury ended lower as investors navigated the administration's evolving trade policies, a prolonged U.S. government shutdown, and rising geopolitical tensions. The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower, while persistent inflation and increased Treasury supply kept longer-maturity yields elevated. (Bond yields move inversely to prices.)

Against this backdrop, investment-grade corporate bonds outperformed Treasuries, reflecting solid U.S. economic growth, strong investor risk appetite, and confidence in corporate earnings. Mortgage-backed securities ("MBS") also posted gains and outperformed U.S. investment-grade corporates, as the Fed's shift toward lower interest rates, reduced market volatility, and the steepening yield curve, which supported MBS issuance.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735996.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 5.97% | 1.25% | 2.06% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.42 |
| Bloomberg U.S. Intermediate Government/Credit Bond Index | 6.16 | 1.42 | 2.24 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$3898456171 |
| Number of Portfolio Holdings | &nbsp;&nbsp;6085 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$7197128 |
| Portfolio Turnover Rate | &nbsp;&nbsp;21% |

---

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 68.4% |
| Aa | 3.0% |
| A | 13.9% |
| Baa | 14.2% |
| Ba | 0.5% |
| Not Rated | 0.0 %(b) |

---

Portfolio composition

---

| | |
|:---|:---|
| *Investment Type* | *Percent of Total<br> Investments<sup>(a)</sup>* |
| U.S. Government & Agency Obligations | 65.7% |
| Corporate Bonds & Notes | 30.3% |
| Foreign Government Obligations | 3.8% |
| Municipal Debt Obligations | 0.2% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>(b)</sup></sup><sup>Rounds to less than 0.1%.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares Intermediate Government/Credit Bond ETF

Annual Shareholder Report — February 28, 2026

GVI-02/26-AR

### iShares Investment Grade Systematic Bond ETF

### IGEB \| Cboe BZX Exchange

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares Investment Grade Systematic Bond ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares Investment Grade Systematic Bond ETF | $19 | 0.18% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 7.09%. 

* For the same period, the Bloomberg U.S. Aggregate Index returned 6.53%, the BlackRock Investment Grade Systematic Bond Index returned 7.29% and the Markit iBoxx USD Liquid Investment Grade Index returned 6.82%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower, while inflation and heavy Treasury supply kept longer-maturity yields higher. Against this backdrop, credit markets remained well supported, with investment grade and high yield spreads tightening to near the lower end of their historical ranges, reflecting resilient fundamentals, healthy demand for income, and a constructive growth outlook. Issues rated on the lower end of investment grade by Moody's meaningfully added to the Fund's return. By sector, consumer non-cyclical, energy, and financial bonds supported performance. Issues rated investment grade Baa by Moody's added meaningfully to returns. By maturity, bonds between seven and ten years, and those over ten years, contributed the most.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: July 11, 2017 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735702.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *Since Fund<br> Inception* |
| Fund NAV | 7.09% | 1.42% | 3.45% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.28 |
| BlackRock Investment Grade Systematic Bond Index | 7.29 | 1.72 | 3.63 |
| Markit iBoxx USD Liquid Investment Grade Index | 6.82 | 0.53 | 2.83 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$1483760500 |
| Number of Portfolio Holdings | &nbsp;&nbsp;472 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$2336959 |
| Portfolio Turnover Rate | &nbsp;&nbsp;63% |

---

The inception date of the Fund was July 11, 2017.

The Fund will no longer compare its performance to the Markit iBoxx USD Liquid Investment Grade Index effective approximately one year from June 27, 2025.

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 2.4% |
| Aa | 4.5% |
| A | 15.6% |
| Baa | 74.1% |
| Ba | 3.4% |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total*<br> *Investments*<sup>(a)</sup>* |
| 0-1 Year | 0.4% |
| 1-5 Years | 16.7% |
| 5-10 Years | 52.2% |
| 10-15 Years | 6.1% |
| 15-20 Years | 3.0% |
| More than 20 Years | 21.6% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited, BlackRock Index Services, LLC, Markit Indices Limited, and their respective affiliates, nor do these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with Bloomberg Index Services Limited or Markit Indices Limited, but is affiliated with BlackRock Index Services, LLC.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares Investment Grade Systematic Bond ETF

Annual Shareholder Report — February 28, 2026

IGEB-02/26-AR

### iShares MBS ETF

### MBB \| NASDAQ

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares MBS ETF (the "Fund") for the period of March 1, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares MBS ETF | $4 | 0.04% |

---

How did the Fund perform last year?

* For the reporting period ended February 28, 2026, the Fund returned 7.46%. 

* For the same period, the Bloomberg U.S. Universal Index returned 6.53% and the Bloomberg U.S. MBS Index returned 7.54%. 

What contributed to performance?

U.S. bond markets gained during the reporting period, supported by a resilient domestic economy despite conflicting data. The Federal Reserve ("Fed") reduced rates by 75 basis points across three 25 basis point rate cuts in late 2025, prompted by a cooling labor market amid elevated inflation. The yield on the 10-year U.S. Treasury ended lower as investors navigated the administration's evolving trade policies, a prolonged U.S. government shutdown, and rising geopolitical tensions. The yield curve (the difference between a shorter-term bond and a longer-term bond, most often gauged by the two-year Treasury note and the 10-year Treasury note) continued to steepen as rate cuts pushed shorter-term yields lower, while persistent inflation and increased Treasury supply kept longer-maturity yields elevated. (Bond yields move inversely to prices.)

Against this backdrop, investment-grade corporate bonds outperformed Treasuries, reflecting solid U.S. economic growth, strong investor risk appetite, and confidence in corporate earnings. Mortgage-backed securities ("MBS") also posted gains and outperformed U.S. investment-grade corporates, as the Fed's shift toward lower interest rates, reduced market volatility, and the steepening yield curve, which supported MBS issuance.

What detracted from performance?

There were no meaningful detractors from the Fund's performance during the reporting period.

 *The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.* 

#### Fund performance
Cumulative performance: March 1, 2016 through February 28, 2026

Initial investment of $10,000

![Fund Performance - Growth of 10K](g147625chartimages_6735951.jpg)

See "Average annual total returns" for additional information on fund performance.

---

| | | | |
|:---|:---|:---|:---|
| **Average annual total returns** |  |  |  |
|  | *1 Year* | *5 Years* | *10 Years* |
| Fund NAV | 7.46% | 0.62% | 1.54% |
| Bloomberg U.S. Universal Index | 6.53 | 0.78 | 2.42 |
| Bloomberg U.S. MBS Index | 7.54 | 0.68 | 1.63 |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$39834014621 |
| Number of Portfolio Holdings | &nbsp;&nbsp;11168 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$14151229 |
| Portfolio Turnover Rate | &nbsp;&nbsp;153% |

---

 **Past performance is not an indication of future results.** Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit **iShares.com** for more recent performance information.

#### What did the Fund invest in?
(as of February 28, 2026)

Issuer allocation

---

| | |
|:---|:---|
| *Issuer* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Uniform Mortgage-Backed Securities | 74.3% |
| Government National Mortgage Association | 23.7% |
| Federal Home Loan Mortgage Corp. | 1.9% |
| Federal National Mortgage Association | 0.1% |

---

Maturity allocation

---

| | |
|:---|:---|
| *Maturity* | *Percent of Total<br> Investments<sup>(a)</sup>* |
| 1-5 Years | 0.3% |
| 5-10 Years | 2.8% |
| 10-15 Years | 6.2% |
| 15-20 Years | 3.7% |
| 20-25 Years | 21.6% |
| 25-30 Years | 61.3% |
| 30-35 Years | 4.1% |

---

<sup><sup>(a)</sup></sup> <sup>Excludes money market funds.</sup>

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Fund is not sponsored, endorsed, issued, sold, or promoted by Bloomberg Index Services Limited and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares MBS ETF

Annual Shareholder Report — February 28, 2026

MBB-02/26-AR

### iShares Total USD Fixed Income Market ETF

### BTOT \| NYSE Arca

#### Annual Shareholder Report — February 28, 2026
![TSR - BLK iShares Logo](g147625images_5783.jpg)

------

This annual shareholder report contains important information about iShares Total USD Fixed Income Market ETF (the "Fund") for the period of December 10, 2025 to February 28, 2026. You can find additional information about the Fund at **blackrock.com/fundreports.** You can also request this information by contacting us at 1-800-iShares (1-800-474-2737).

#### What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund name** | **Costs of a $10,000<br> investment** | **Costs paid as a percentage of a<br> $10,000 investment** |
| iShares Total USD Fixed Income Market ETF | $2(a) | 0.08%(b) |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>The Fund commenced operations during the reporting period. Expenses for a full reporting period would be higher than the amount shown.</sup> |
| <sup><sup>(b)</sup></sup><sup>Annualized.</sup> |

---

---

| | |
|:---|:---|
| **Key Fund statistics** |  |
| Net Assets | &nbsp;&nbsp;$25339008 |
| Number of Portfolio Holdings | &nbsp;&nbsp;836 |
| Net Investment Advisory Fees | &nbsp;&nbsp;$4546 |
| Portfolio Turnover Rate | &nbsp;&nbsp;17% |

---

#### What did the Fund invest in?
(as of February 28, 2026)

Credit quality allocation

---

| | |
|:---|:---|
| *Moody's Credit Rating<sup>\*</sup>* | &nbsp;&nbsp;*Percent of Total<br> Investments<sup>(a)</sup>* |
| Aaa | 62.2% |
| Aa | 4.7% |
| A | 11.2% |
| Baa | 12.5% |
| Ba | 4.8% |
| B | 3.7% |
| Caa | 0.8% |
| Not Rated | 0.1% |

---

Portfolio composition

---

| | |
|:---|:---|
| *Investment Type* | *Percent of Total<br> Investments<sup>(a)</sup>* |
| U.S. Government & Agency Obligations | 59.8% |
| Corporate Bonds & Notes | 28.8% |
| Foreign Government Obligations | 6.4% |
| Floating Rate Loan Interests | 3.5% |
| Collateralized Mortgage Obligations | 1.2% |
| Municipal Debt Obligations | 0.3% |

---

---

| |
|:---|
| <sup><sup>(a)</sup></sup><sup>Excludes money market funds.</sup> |
| <sup><sup>\*</sup></sup><sup>Credit quality ratings shown reflect the ratings assigned by Moody's Investors Service ("Moody's"), a widely used independent, nationally recognized statistical rating organization. Moody's credit ratings are opinions of the credit quality of individual obligations or of an issuer's general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change.</sup> |

---

#### Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund's prospectus, and proxy voting policies and procedures, please visit **blackrock.com/fundreports**. For proxy voting records, visit **blackrock.com/proxyrecords**.

#### Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.©2026 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

![TSR - BLK iShares Logo Footer](g147625images_5784.jpg)

iShares Total USD Fixed Income Market ETF

Annual Shareholder Report — February 28, 2026

BTOT-02/26-AR

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable

---

| | |
|:---|:---|
| Item 2 – | Code of Ethics - The registrant has adopted a code of ethics, as of the end of the period covered by this report, applicable to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. During the period covered by this report, the registrant has not amended the code of ethics and there have been no waivers granted under the code of ethics. The registrant undertakes to provide a copy of the code of ethics to any person upon request, without charge, by calling 1-800-474-2737.  |

---

Item 3 – Audit Committee Financial Expert - The registrant's board of trustees (the "board of trustees"), has determined that (i) the registrant has the following audit committee financial experts serving on its audit committee and (ii) each audit committee financial expert is independent:

Richard L. Fagnani

Laura F. Fergerson

Under applicable securities laws, a person determined to be an audit committee financial expert will not be deemed an "expert" for any purpose, including without limitation for the purposes of Section 11 of the Securities Act of 1933, as a result of being designated or identified as an audit committee financial expert. The designation or identification of a person as an audit committee financial expert does not impose on such person any duties, obligations, or liabilities greater than the duties, obligations, and liabilities imposed on such person as a member of the audit committee and board of trustees in the absence of such designation or identification. The designation or identification of a person as an audit committee financial expert does not affect the duties, obligations, or liability of any other member of the audit committee or board of trustees.

Item 4 – Principal Accountant Fees and Services.

The principal accountant fees disclosed in items 4(a), 4(b), 4(c), 4(d) and 4(g) are for the nineteen series of the registrant for which the fiscal year-end is February 28, 2026 (the "Funds"), and whose annual financial statements are reported in Item 7.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Audit Fees</u> – The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the Funds' annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were $248,800 for the fiscal year ended February 28, 2025 and $261,300 for the fiscal year ended February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Audit-Related Fees</u> – There were no fees billed for the fiscal years ended February 28, 2025 and February 28, 2026 for assurance and related services by the principal accountant that were reasonably related to the performance of the audit of the Funds' financial statements and are not reported under (a) of this Item.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Tax Fees</u> – The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning for the Funds were $174,600 for the fiscal year ended February 28, 2025 and $184,300 for the fiscal year ended February 28, 2026. These services related to the review of the Funds' tax returns and excise tax calculations.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>All Other Fees</u> – There were no other fees billed in each of the fiscal years ended February 28, 2025 and February 28, 2026 for products and services provided by the principal accountant, other than the services reported in (a) through (c) of this Item.

(e)(1) <u>Audit Committee Pre-Approval Policies and Procedures</u> – The registrant's audit committee charter, as amended, provides that the audit committee is responsible for the approval, prior to appointment, of the engagement of the principal accountant to annually audit and provide their opinion on the registrant's financial statements. The audit committee must also approve, prior to appointment, the engagement of the principal accountant to provide non-audit services to the registrant or to any entity controlling, controlled by or under common control with the registrant's investment adviser ("Adviser Affiliate") that provides ongoing services to the registrant, if the engagement relates directly to the operations and financial reporting of the registrant.

(e)(2) None of the services described in each of Items 4(b) through (d) were approved by the audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Not applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The aggregate non-audit fees billed by the registrant's principal accountant for services rendered to the Funds, and rendered to the registrant's investment adviser, and any Adviser Affiliate that provides ongoing services to the registrant for the last two fiscal years were $174,600 for the fiscal year ended February 28, 2025 and $184,300 for the fiscal year ended February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The registrant's audit committee has considered whether the provision of non-audit services rendered to the registrant's investment adviser and any Adviser Affiliate that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, if any, is compatible with maintaining the principal accountant's independence, and has determined that the provision of these services, if any, does not compromise the principal accountant's independence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Not applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Not applicable

Item 5 – Audit Committee of Listed Registrant

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The following individuals are members of the registrant's separately designated standing Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(58)(A)):

Richard L. Fagnani

Laura F. Fergerson

John E. Martinez

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable

------

Item 6 – Investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The registrant's Schedule of Investments is included as part of the Financial Statements and Financial Highlights for Open-End Management Investment Companies filed under Item 7 of this Form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable due to no such divestments during the semi-annual period covered since the previous Form N-CSR filing.

Item 7 – Financial Statements and Financial Highlights for Open-End Management Investment Companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The registrant's Financial Statements are attached herewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The registrant's Financial Highlights are attached herewith.

------

February 28, 2026

![](g147625imgfc8d63af1.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; 2026 Annual Financial Statements <br> and Additional Information <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **iShares Trust** |
| • iShares ESG Aware 1-5 Year USD Corporate Bond ETF \| SUSB \| NASDAQ |
| • iShares ESG Aware U.S. Aggregate Bond ETF \| EAGG \| NYSE Arca |
| • iShares ESG Aware USD Corporate Bond ETF \| SUSC \| NASDAQ |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Page |
| [Schedules of Investments](#xx_74700a58-ec0e-491c-83a2-bcfe7654b21f_SOIs-Footer-iSharesReport_1)  | &nbsp;&nbsp; 3 |
| [Statements of Assets and Liabilities](#xx_74700a58-ec0e-491c-83a2-bcfe7654b21f_FS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 112 |
| [Statements of Operations](#xx_74700a58-ec0e-491c-83a2-bcfe7654b21f_FS-Footer-iSharesReport_2)  | &nbsp;&nbsp; 113 |
| [Statements of Changes in Net Assets](#xx_74700a58-ec0e-491c-83a2-bcfe7654b21f_FS-Footer-iSharesReport_3)  | &nbsp;&nbsp; 114 |
| [Financial Highlights](#xx_74700a58-ec0e-491c-83a2-bcfe7654b21f_FS-Footer-iSharesReport_5)  | &nbsp;&nbsp; 116 |
| [Notes to Financial Statements](#xx_74700a58-ec0e-491c-83a2-bcfe7654b21f_NTFS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 119 |
| [Report of Independent Registered Public Accounting Firm](#xx_74700a58-ec0e-491c-83a2-bcfe7654b21f_opinion-Footer-iSharesReport_1)  | &nbsp;&nbsp; 128 |
| [Important Tax Information](#xx_74700a58-ec0e-491c-83a2-bcfe7654b21f_Tax-annual-Footer-iSharesReport_1)  | &nbsp;&nbsp; 129 |
| [Additional Information](#xx_74700a58-ec0e-491c-83a2-bcfe7654b21f_SAI-Footer-iSharesReport-436_1)  | &nbsp;&nbsp; 130 |
| [Glossary of Terms Used in these Financial Statements](#xx_74700a58-ec0e-491c-83a2-bcfe7654b21f_Abbreviations-Footer-iSharesReport_1)  | &nbsp;&nbsp; 131 |

---

------

Schedule of Investments

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Aerospace & Defense — 0.2%** | **Aerospace & Defense — 0.2%** | **Aerospace & Defense — 0.2%** |
| Northrop Grumman Corp. |  |  |
| 3.25%, 01/15/28 | &nbsp;&nbsp; $70 | $69307 |
| 4.60%, 02/01/29 | &nbsp;&nbsp; 460 | 468960 |
| 4.65%, 07/15/30 | &nbsp;&nbsp; 350 | 358504 |
| RTX Corp. |  |  |
| 3.13%, 05/04/27 | &nbsp;&nbsp; 32 | 31751 |
| 3.50%, 03/15/27 | &nbsp;&nbsp; 60 | 59824 |
| 4.13%, 11/16/28 | &nbsp;&nbsp; 400 | 402391 |
| 5.75%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 320 | 336213 |
| 7.20%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 14 | 14666 |
| 7.50%, 09/15/29 | &nbsp;&nbsp; 83 | 92729 |
|  |  | 1834345 |
| **Agriculture — 0.5%** | **Agriculture — 0.5%** | **Agriculture — 0.5%** |
| Archer-Daniels-Midland Co., 3.25%, 03/27/30 | &nbsp;&nbsp; 1080 | 1050749 |
| Bunge Ltd. Finance Corp. |  |  |
| 3.75%, 09/25/27 | &nbsp;&nbsp; 530 | 528790 |
| 4.20%, 09/17/29 | &nbsp;&nbsp; 2145 | 2158403 |
| 4.55%, 08/04/30 | &nbsp;&nbsp; 2105 | 2138598 |
|  |  | 5876540 |
| **Airlines — 0.2%** | **Airlines — 0.2%** | **Airlines — 0.2%** |
| American Airlines Pass-Through Trust, Series <br> 2016-2, Class AA, 3.20%, 12/15/29<br>| &nbsp;&nbsp; 3 | 2860 |
| Delta Air Lines Pass-Through Trust, Series 2020, <br> Class AA, 2.00%, 12/10/29<br>| &nbsp;&nbsp; 196 | 189242 |
| Delta Air Lines, Inc. |  |  |
| 3.75%, 10/28/29 | &nbsp;&nbsp; 1085 | 1065838 |
| 4.38%, 04/19/28 | &nbsp;&nbsp; 5 | 5021 |
| 4.95%, 07/10/28 | &nbsp;&nbsp; 220 | 223627 |
| 5.25%, 07/10/30<sup>(a)</sup> | &nbsp;&nbsp; 295 | 304196 |
|  |  | 1790784 |
| **Apparel — 0.2%** | **Apparel — 0.2%** | **Apparel — 0.2%** |
| PVH Corp., 5.50%, 06/13/30 | &nbsp;&nbsp; 1400 | 1437061 |
| Tapestry, Inc., 5.10%, 03/11/30 | &nbsp;&nbsp; 1000 | 1031656 |
|  |  | 2468717 |
| **Auto Manufacturers — 2.6%** | **Auto Manufacturers — 2.6%** | **Auto Manufacturers — 2.6%** |
| American Honda Finance Corp. |  |  |
| 2.00%, 03/24/28 | &nbsp;&nbsp; 239 | 230119 |
| 2.25%, 01/12/29 | &nbsp;&nbsp; 400 | 381854 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 287 | 285102 |
| 4.40%, 09/05/29<sup>(a)</sup> | &nbsp;&nbsp; 865 | 876318 |
| 4.45%, 01/08/31 | &nbsp;&nbsp; 275 | 277697 |
| 4.70%, 01/12/28 | &nbsp;&nbsp; 1700 | 1725484 |
| 4.90%, 03/13/29<sup>(a)</sup> | &nbsp;&nbsp; 645 | 661485 |
| 5.13%, 07/07/28 | &nbsp;&nbsp; 625 | 641503 |
| 5.65%, 11/15/28 | &nbsp;&nbsp; 518 | 540441 |
| Cummins, Inc. |  |  |
| 1.50%, 09/01/30 | &nbsp;&nbsp; 2850 | 2572076 |
| 4.25%, 05/09/28 | &nbsp;&nbsp; 105 | 106124 |
| 4.70%, 02/15/31 | &nbsp;&nbsp; 1400 | 1440490 |
| 4.90%, 02/20/29 | &nbsp;&nbsp; 4212 | 4345318 |
| Ford Motor Credit Co. LLC |  |  |
| 2.90%, 02/16/28 | &nbsp;&nbsp; 1060 | 1028591 |
| 2.90%, 02/10/29 | &nbsp;&nbsp; 79 | 75176 |
| 3.82%, 11/02/27 | &nbsp;&nbsp; 222 | 220189 |
| 4.13%, 08/17/27 | &nbsp;&nbsp; 950 | 946511 |
| 4.95%, 05/28/27 | &nbsp;&nbsp; 25 | 25180 |
| 4.97%, 04/06/29 | &nbsp;&nbsp; 240 | 241570 |
| 5.11%, 05/03/29 | &nbsp;&nbsp; 20 | 20191 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 5.30%, 09/06/29 | &nbsp;&nbsp; $55 | $55790 |
| 5.80%, 03/08/29 | &nbsp;&nbsp; 97 | 99898 |
| 5.88%, 11/07/29 | &nbsp;&nbsp; 85 | 87865 |
| 6.80%, 05/12/28 | &nbsp;&nbsp; 285 | 298075 |
| 6.80%, 11/07/28 | &nbsp;&nbsp; 692 | 728835 |
| 7.35%, 11/04/27 | &nbsp;&nbsp; 395 | 412213 |
| 7.35%, 03/06/30 | &nbsp;&nbsp; 1155 | 1250815 |
| General Motors Co. |  |  |
| 5.00%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp; 26 | 26517 |
| 5.63%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 225 | 235839 |
| 6.80%, 10/01/27 | &nbsp;&nbsp; 30 | 31116 |
| General Motors Financial Co., Inc. |  |  |
| 2.35%, 01/08/31 | &nbsp;&nbsp; 510 | 464034 |
| 2.40%, 04/10/28 | &nbsp;&nbsp; 59 | 57082 |
| 2.40%, 10/15/28 | &nbsp;&nbsp; 205 | 196350 |
| 2.70%, 08/20/27 | &nbsp;&nbsp; 100 | 98178 |
| 3.60%, 06/21/30 | &nbsp;&nbsp; 950 | 923042 |
| 3.85%, 01/05/28 | &nbsp;&nbsp; 20 | 19939 |
| 4.30%, 04/06/29 | &nbsp;&nbsp; 145 | 145648 |
| 4.60%, 01/08/31<sup>(a)</sup> | &nbsp;&nbsp; 225 | 227069 |
| 4.90%, 10/06/29 | &nbsp;&nbsp; 60 | 61348 |
| 5.00%, 04/09/27 | &nbsp;&nbsp; 1200 | 1212340 |
| 5.35%, 01/07/30 | &nbsp;&nbsp; 775 | 804381 |
| 5.55%, 07/15/29 | &nbsp;&nbsp; 20 | 20825 |
| 5.65%, 01/17/29 | &nbsp;&nbsp; 30 | 31107 |
| 5.80%, 06/23/28 | &nbsp;&nbsp; 5 | 5180 |
| 5.80%, 01/07/29 | &nbsp;&nbsp; 239 | 249611 |
| 5.85%, 04/06/30 | &nbsp;&nbsp; 1255 | 1325335 |
| 6.00%, 01/09/28 | &nbsp;&nbsp; 430 | 443974 |
| Toyota Motor Corp., 5.12%, 07/13/28<sup>(a)</sup> | &nbsp;&nbsp; 160 | 164810 |
| Toyota Motor Credit Corp. |  |  |
| 1.15%, 08/13/27 | &nbsp;&nbsp; 1150 | 1110667 |
| 1.90%, 04/06/28 | &nbsp;&nbsp; 80 | 77256 |
| 3.05%, 03/22/27 | &nbsp;&nbsp; 10 | 9936 |
| 3.05%, 01/11/28 | &nbsp;&nbsp; 35 | 34605 |
| 3.65%, 01/08/29 | &nbsp;&nbsp; 20 | 19957 |
| 4.45%, 06/29/29 | &nbsp;&nbsp; 52 | 52977 |
| 4.55%, 09/20/27 | &nbsp;&nbsp; 3 | 3040 |
| 4.55%, 08/09/29 | &nbsp;&nbsp; 102 | 104232 |
| 4.63%, 01/12/28 | &nbsp;&nbsp; 93 | 94596 |
| 4.65%, 01/05/29 | &nbsp;&nbsp; 15 | 15358 |
| 5.05%, 05/16/29 | &nbsp;&nbsp; 75 | 77726 |
| 5.25%, 09/11/28 | &nbsp;&nbsp; 82 | 84931 |
| 5.45%, 11/10/27 | &nbsp;&nbsp; 40 | 41169 |
| Series B, 4.20%, 01/10/31 | &nbsp;&nbsp; 350 | 352521 |
| Series B, 5.00%, 03/19/27 | &nbsp;&nbsp; 5 | 5068 |
|  |  | 28402674 |
| **Auto Parts & Equipment — 0.4%** | **Auto Parts & Equipment — 0.4%** | **Auto Parts & Equipment — 0.4%** |
| Aptiv Swiss Holdings Ltd., 4.65%, 09/13/29<sup>(a)</sup> | &nbsp;&nbsp; 867 | 888210 |
| BorgWarner, Inc. |  |  |
| 2.65%, 07/01/27 | &nbsp;&nbsp; 610 | 599307 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 1010 | 1037396 |
| Lear Corp. |  |  |
| 3.50%, 05/30/30 | &nbsp;&nbsp; 1125 | 1091137 |
| 3.80%, 09/15/27 | &nbsp;&nbsp; 314 | 313313 |
| 4.25%, 05/15/29 | &nbsp;&nbsp; 734 | 733948 |
|  |  | 4663311 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks — 28.2%** | **Banks — 28.2%** | **Banks — 28.2%** |
| Australia & New Zealand Banking Group <br> Ltd./New York<br>|  |  |
| 3.92%, 09/30/27 | &nbsp;&nbsp; $250 | $251073 |
| 4.62%, 12/16/29<sup>(a)</sup> | &nbsp;&nbsp; 700 | 719974 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| 4.15%, 03/03/29 | &nbsp;&nbsp; 400 | 399994 |
| 5.38%, 03/13/29 | &nbsp;&nbsp; 220 | 228809 |
| 6.14%, 09/14/28, (1-year CMT + 2.70%)<sup>(b)</sup> | &nbsp;&nbsp; 509 | 525040 |
| Banco Santander SA |  |  |
| 3.31%, 06/27/29 | &nbsp;&nbsp; 447 | 436501 |
| 3.49%, 05/28/30 | &nbsp;&nbsp; 1210 | 1174728 |
| 3.80%, 02/23/28 | &nbsp;&nbsp; 435 | 433237 |
| 4.18%, 03/24/28, (1-year CMT + 2.00%)<sup>(b)</sup> | &nbsp;&nbsp; 1340 | 1340663 |
| 4.25%, 04/11/27 | &nbsp;&nbsp; 645 | 646153 |
| 4.38%, 04/12/28 | &nbsp;&nbsp; 545 | 548188 |
| 4.55%, 11/06/30 | &nbsp;&nbsp; 400 | 403149 |
| 5.29%, 08/18/27 | &nbsp;&nbsp; 10 | 10178 |
| 5.37%, 07/15/28, (1-year CMT + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 330715 |
| 5.54%, 03/14/30, (1-year CMT + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 1132 | 1175039 |
| 5.55%, 03/14/28, (1-year CMT + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 70 | 71029 |
| 5.57%, 01/17/30 | &nbsp;&nbsp; 355 | 371821 |
| 5.59%, 08/08/28 | &nbsp;&nbsp; 850 | 880255 |
| 6.61%, 11/07/28 | &nbsp;&nbsp; 476 | 506801 |
| Bank of America Corp. |  |  |
| 1.90%, 07/23/31, (1-day SOFR + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 115 | 104307 |
| 2.09%, 06/14/29, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 831 | 796011 |
| 2.50%, 02/13/31, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1265 | 1187578 |
| 2.59%, 04/29/31, (1-day SOFR + 2.15%)<sup>(b)</sup> | &nbsp;&nbsp; 110 | 103351 |
| 2.88%, 10/22/30, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(b)</sup><br>| &nbsp;&nbsp; 518 | 496171 |
| 3.19%, 07/23/30, (3-mo. CME Term SOFR + <br> 1.44%)<sup>(b)</sup><br>| &nbsp;&nbsp; 327 | 317841 |
| 3.25%, 10/21/27<sup>(a)</sup> | &nbsp;&nbsp; 704 | 698110 |
| 3.42%, 12/20/28, (3-mo. CME Term SOFR + <br> 1.30%)<sup>(b)</sup><br>| &nbsp;&nbsp; 2240 | 2217146 |
| 3.59%, 07/21/28, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1380 | 1371934 |
| 3.71%, 04/24/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 2090 | 2083105 |
| 3.97%, 02/07/30, (3-mo. CME Term SOFR + <br> 1.47%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1055 | 1053371 |
| 4.27%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1345 | 1352391 |
| 4.38%, 04/27/28, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 1175 | 1180139 |
| 4.46%, 02/06/32, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 1625 | 1636799 |
| 4.95%, 07/22/28, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 1135 | 1149028 |
| 5.16%, 01/24/31, (1-day SOFR + 1.00%)<sup>(b)</sup> | &nbsp;&nbsp; 1900 | 1971734 |
| 5.20%, 04/25/29, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 1235 | 1265239 |
| 5.82%, 09/15/29, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 154 | 160590 |
| 6.20%, 11/10/28, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 264090 |
| Series L, 4.18%, 11/25/27 | &nbsp;&nbsp; 1380 | 1381652 |
| Bank of Montreal |  |  |
| 2.65%, 03/08/27 | &nbsp;&nbsp; 85 | 84090 |
| 3.80%, 12/15/32, (5-year USD Swap + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 221 | 219064 |
| 4.35%, 09/22/31, (1-day SOFR Index + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 425 | 427711 |
| 4.64%, 09/10/30, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 1307 | 1330534 |
| 5.00%, 01/27/29, (1-day SOFR Index + 0.67%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30590 |
| 5.20%, 02/01/28 | &nbsp;&nbsp; 779 | 798557 |
| 5.72%, 09/25/28 | &nbsp;&nbsp; 514 | 535785 |
| Series H, 4.70%, 09/14/27<sup>(a)</sup> | &nbsp;&nbsp; 190 | 192362 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Series J, 4.44%, 01/14/32, (1-day SOFR + <br> 0.97%)<sup>(b)</sup><br>| &nbsp;&nbsp; $325 | $326818 |
| Bank of New York Mellon Corp.(The) |  |  |
| 1.65%, 07/14/28<sup>(a)</sup> | &nbsp;&nbsp; 960 | 918168 |
| 3.00%, 10/30/28 | &nbsp;&nbsp; 275 | 268367 |
| 3.25%, 05/16/27 | &nbsp;&nbsp; 35 | 34848 |
| 3.30%, 08/23/29 | &nbsp;&nbsp; 383 | 374351 |
| 3.40%, 01/29/28 | &nbsp;&nbsp; 202 | 200904 |
| 3.85%, 04/28/28 | &nbsp;&nbsp; 1365 | 1370085 |
| 3.85%, 04/26/29<sup>(a)</sup> | &nbsp;&nbsp; 436 | 437214 |
| 3.99%, 06/13/28, (1-day SOFR + 1.15%)<sup>(b)</sup> | &nbsp;&nbsp; 105 | 105176 |
| 4.44%, 06/09/28, (1-day SOFR + 0.68%)<sup>(b)</sup> | &nbsp;&nbsp; 100 | 100723 |
| 4.54%, 02/01/29, (1-day SOFR + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 623 | 630008 |
| 4.60%, 07/26/30, (1-day SOFR + 1.76%)<sup>(b)</sup> | &nbsp;&nbsp; 710 | 724414 |
| 4.94%, 02/11/31, (1-day SOFR + 0.89%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 278421 |
| 4.98%, 03/14/30, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 560 | 576313 |
| 5.80%, 10/25/28, (1-day SOFR Index + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 525 | 541303 |
| 6.32%, 10/25/29, (1-day SOFR + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 165 | 174617 |
| Series J, 1.90%, 01/25/29<sup>(a)</sup> | &nbsp;&nbsp; 760 | 721201 |
| Bank of Nova Scotia(The) |  |  |
| 2.95%, 03/11/27 | &nbsp;&nbsp; 368 | 365156 |
| 4.04%, 09/15/28, (1-day SOFR + 0.76%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 305 | 305332 |
| 4.25%, 02/02/30, (1-day SOFR + 0.73%)<sup>(b)</sup> | &nbsp;&nbsp; 475 | 477558 |
| 4.34%, 09/15/31, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 2460 | 2466966 |
| 4.40%, 09/08/28, (1-day SOFR + 1.00%)<sup>(b)</sup> | &nbsp;&nbsp; 1464 | 1473219 |
| 4.85%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1400 | 1440660 |
| 4.93%, 02/14/29, (1-day SOFR + 0.89%)<sup>(b)</sup> | &nbsp;&nbsp; 635 | 646394 |
| 5.13%, 02/14/31, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 915 | 947634 |
| 5.25%, 06/12/28 | &nbsp;&nbsp; 105 | 108145 |
| 5.40%, 06/04/27 | &nbsp;&nbsp; 1582 | 1613480 |
| 5.45%, 08/01/29 | &nbsp;&nbsp; 2466 | 2581977 |
| Barclays PLC |  |  |
| 2.65%, 06/24/31, (1-year CMT + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 1950 | 1821354 |
| 3.56%, 09/23/35, (5-year CMT + 2.90%)<sup>(b)</sup> | &nbsp;&nbsp; 435 | 414038 |
| 4.22%, 05/24/30, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 600 | 599972 |
| 4.34%, 01/10/28 | &nbsp;&nbsp; 150 | 150348 |
| 4.48%, 11/11/29, (1-day SOFR + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 600 | 604556 |
| 4.52%, 02/24/32, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 600 | 600695 |
| 4.84%, 05/09/28 | &nbsp;&nbsp; 975 | 982350 |
| 4.84%, 09/10/28, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 333480 |
| 4.94%, 09/10/30, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 1065 | 1088313 |
| 4.97%, 05/16/29, (3-mo. SOFR US + 2.16%)<sup>(b)</sup> | &nbsp;&nbsp; 854 | 868657 |
| 5.09%, 02/25/29, (1-day SOFR + 0.96%)<sup>(b)</sup> | &nbsp;&nbsp; 445 | 453177 |
| 5.09%, 06/20/30, (3-mo. SOFR US + 3.32%)<sup>(b)</sup> | &nbsp;&nbsp; 848 | 864584 |
| 5.37%, 02/25/31, (1-day SOFR + 1.23%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 1015 | 1053300 |
| 5.50%, 08/09/28, (1-year CMT + 2.65%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 305747 |
| 5.67%, 03/12/28, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5079 |
| 5.69%, 03/12/30, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 1288 | 1342136 |
| 6.49%, 09/13/29, (1-day SOFR + 2.22%)<sup>(b)</sup> | &nbsp;&nbsp; 380 | 401106 |
| 7.39%, 11/02/28, (1-year CMT + 3.30%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 426171 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.45%, 04/07/27 | &nbsp;&nbsp; 377 | 375784 |
| 4.24%, 09/08/28, (1-day SOFR Index + 0.60%)<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45214 |
| 4.28%, 01/29/30, (1-day SOFR Index + 0.79%)<sup>(b)</sup> | &nbsp;&nbsp; 525 | 528154 |
| 4.58%, 09/08/31, (1-day SOFR Index + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 3550 | 3602005 |
| 4.63%, 09/11/30, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 304 | 309189 |
| 4.86%, 03/30/29, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 412081 |
| 5.00%, 04/28/28 | &nbsp;&nbsp; 737 | 753972 |
| 5.25%, 01/13/31, (1-day SOFR + 1.11%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 223102 |
| 5.26%, 04/08/29 | &nbsp;&nbsp; 1190 | 1234179 |
| 5.99%, 10/03/28 | &nbsp;&nbsp; 835 | 876026 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Capital One NA |  |  |
| 2.70%, 02/06/30 | &nbsp;&nbsp; $2085 | $1982154 |
| 4.65%, 09/13/28 | &nbsp;&nbsp; 1205 | 1223805 |
| Citibank N.A. |  |  |
| 4.84%, 08/06/29 | &nbsp;&nbsp; 298 | 306117 |
| 4.91%, 05/29/30 | &nbsp;&nbsp; 915 | 944236 |
| 5.80%, 09/29/28 | &nbsp;&nbsp; 726 | 760019 |
| Citigroup, Inc. |  |  |
| 2.57%, 06/03/31, (1-day SOFR + 2.11%)<sup>(b)</sup> | &nbsp;&nbsp; 1030 | 962736 |
| 2.67%, 01/29/31, (1-day SOFR + 1.15%)<sup>(b)</sup> | &nbsp;&nbsp; 635 | 599348 |
| 2.98%, 11/05/30, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 733 | 702429 |
| 3.52%, 10/27/28, (3-mo. CME Term SOFR + <br> 1.41%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1165 | 1155977 |
| 3.67%, 07/24/28, (3-mo. CME Term SOFR + <br> 1.65%)<sup>(b)</sup><br>| &nbsp;&nbsp; 380 | 378161 |
| 3.98%, 03/20/30, (3-mo. CME Term SOFR + <br> 1.60%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1104 | 1100279 |
| 4.08%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 360 | 360188 |
| 4.13%, 07/25/28 | &nbsp;&nbsp; 695 | 695870 |
| 4.41%, 03/31/31, (1-day SOFR + 3.91%)<sup>(b)</sup> | &nbsp;&nbsp; 1525 | 1532507 |
| 4.45%, 09/29/27 | &nbsp;&nbsp; 1250 | 1257367 |
| 4.50%, 09/11/31, (1-day SOFR + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 880 | 886985 |
| 4.54%, 09/19/30, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 510 | 515912 |
| 4.66%, 05/24/28, (1-day SOFR + 1.89%)<sup>(b)</sup> | &nbsp;&nbsp; 865 | 871224 |
| 4.95%, 05/07/31, (1-day SOFR + 1.46%)<sup>(b)</sup> | &nbsp;&nbsp; 70 | 71892 |
| 5.17%, 02/13/30, (1-day SOFR + 1.36%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 206032 |
| 5.59%, 11/19/34, (5-year CMT + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 725 | 747450 |
| Citizens Bank NA, 4.58%, 08/09/28, (1-day SOFR + <br> 2.00%)<sup>(b)</sup><br>| &nbsp;&nbsp; 250 | 252006 |
| Citizens Financial Group, Inc. |  |  |
| 2.50%, 02/06/30 | &nbsp;&nbsp; 35 | 32883 |
| 3.25%, 04/30/30 | &nbsp;&nbsp; 15 | 14422 |
| 5.25%, 03/05/31, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 280 | 288756 |
| 5.30%, 01/29/36, (5-year CMT + 1.45%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 55 | 55680 |
| 5.84%, 01/23/30, (1-day SOFR + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 110 | 114988 |
| Deutsche Bank AG/New York NY |  |  |
| 3.55%, 09/18/31, (1-day SOFR + 3.04%)<sup>(b)</sup> | &nbsp;&nbsp; 1440 | 1382911 |
| 4.47%, 12/10/31, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 165 | 165958 |
| 4.73%, 02/06/32, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 280 | 282326 |
| 4.88%, 12/01/32, (5-year USD ICE Swap + <br> 2.55%)<sup>(b)</sup><br>| &nbsp;&nbsp; 175 | 175526 |
| 4.95%, 08/04/31, (1-day SOFR + 1.30%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 1265 | 1288330 |
| 5.00%, 09/11/30, (1-day SOFR + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 2005 | 2047318 |
| 5.30%, 05/09/31, (1-day SOFR + 1.72%)<sup>(b)</sup> | &nbsp;&nbsp; 830 | 857092 |
| 5.37%, 09/09/27 | &nbsp;&nbsp; 30 | 30760 |
| 5.37%, 01/10/29, (1-day SOFR + 1.21%)<sup>(b)</sup> | &nbsp;&nbsp; 295 | 301417 |
| 5.41%, 05/10/29 | &nbsp;&nbsp; 419 | 436833 |
| 5.71%, 02/08/28, (1-day SOFR + 1.59%)<sup>(b)</sup> | &nbsp;&nbsp; 65 | 65905 |
| 5.88%, 07/08/31, (1-day SOFR + 5.44%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 26030 |
| 6.72%, 01/18/29, (1-day SOFR + 3.18%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 224751 |
| 6.82%, 11/20/29, (1-day SOFR + 2.51%)<sup>(b)</sup> | &nbsp;&nbsp; 1091 | 1161829 |
| Fifth Third Bancorp |  |  |
| 2.55%, 05/05/27 | &nbsp;&nbsp; 10 | 9848 |
| 3.95%, 03/14/28 | &nbsp;&nbsp; 92 | 92018 |
| 4.06%, 04/25/28, (1-day SOFR + 1.36%)<sup>(b)</sup> | &nbsp;&nbsp; 180 | 179925 |
| 4.77%, 07/28/30, (1-day SOFR + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30488 |
| 4.90%, 09/06/30, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15310 |
| 6.34%, 07/27/29, (1-day SOFR + 2.34%)<sup>(b)</sup> | &nbsp;&nbsp; 665 | 699274 |
| 6.36%, 10/27/28, (1-day SOFR Index + 2.19%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41515 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Fifth Third Financial Corp. |  |  |
| 4.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; $306 | $305784 |
| 5.98%, 01/30/30, (1-day SOFR + 2.16%)<sup>(b)</sup> | &nbsp;&nbsp; 44 | 46119 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 2.60%, 02/07/30 | &nbsp;&nbsp; 1550 | 1465432 |
| 3.62%, 03/15/28, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 1460 | 1452967 |
| 3.69%, 06/05/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 665 | 662108 |
| 3.80%, 03/15/30 | &nbsp;&nbsp; 105 | 103922 |
| 3.81%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(b)</sup><br>| &nbsp;&nbsp; 806 | 801304 |
| 4.15%, 01/21/29, (1-day SOFR + 0.71%)<sup>(b)</sup> | &nbsp;&nbsp; 3365 | 3365984 |
| 4.15%, 10/21/29, (1-day SOFR + 0.90%)<sup>(b)</sup> | &nbsp;&nbsp; 1275 | 1275575 |
| 4.22%, 05/01/29, (3-mo. CME Term SOFR + <br> 1.56%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1185 | 1187954 |
| 4.37%, 10/21/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 2295 | 2295013 |
| 4.48%, 08/23/28, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 780 | 784945 |
| 4.52%, 01/21/32, (1-day SOFR + 0.96%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 3350 | 3370367 |
| 4.69%, 10/23/30, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 635 | 644857 |
| 5.05%, 07/23/30, (1-day SOFR + 1.21%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 410236 |
| 5.21%, 01/28/31, (1-day SOFR + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 790 | 818087 |
| 5.22%, 04/23/31, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 1615 | 1672133 |
| 5.73%, 04/25/30, (1-day SOFR + 1.27%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20893 |
| 6.48%, 10/24/29, (1-day SOFR + 1.77%)<sup>(b)</sup> | &nbsp;&nbsp; 1391 | 1472629 |
| HSBC Holdings PLC |  |  |
| 2.01%, 09/22/28, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 713 | 691413 |
| 2.21%, 08/17/29, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 979 | 935276 |
| 2.85%, 06/04/31, (1-day SOFR + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 2030 | 1915068 |
| 3.97%, 05/22/30, (3-mo. CME Term SOFR + <br> 1.87%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1338 | 1328915 |
| 4.04%, 03/13/28, (3-mo. CME Term SOFR + <br> 1.81%)<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | 15005 |
| 4.58%, 06/19/29, (3-mo. CME Term SOFR + <br> 1.80%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1352 | 1364965 |
| 4.62%, 11/06/31, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 810 | 819086 |
| 4.76%, 06/09/28, (1-day SOFR + 2.11%)<sup>(b)</sup> | &nbsp;&nbsp; 1158 | 1167917 |
| 4.95%, 03/31/30 | &nbsp;&nbsp; 655 | 675258 |
| 5.13%, 11/19/28, (1-day SOFR + 1.04%)<sup>(b)</sup> | &nbsp;&nbsp; 65 | 66165 |
| 5.13%, 03/03/31, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 700 | 721847 |
| 5.21%, 08/11/28, (1-day SOFR + 2.61%)<sup>(b)</sup> | &nbsp;&nbsp; 135 | 137090 |
| 5.24%, 05/13/31, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 840 | 870059 |
| 5.29%, 11/19/30, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 1287 | 1333826 |
| 5.55%, 03/04/30, (1-day SOFR + 1.46%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15586 |
| 5.60%, 05/17/28, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5090 |
| 6.16%, 03/09/29, (1-day SOFR + 1.97%)<sup>(b)</sup> | &nbsp;&nbsp; 504 | 524204 |
| 7.39%, 11/03/28, (1-day SOFR + 3.35%)<sup>(b)</sup> | &nbsp;&nbsp; 676 | 712040 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.55%, 02/04/30 | &nbsp;&nbsp; 745 | 701304 |
| 4.44%, 08/04/28, (1-day SOFR + 1.97%)<sup>(b)</sup> | &nbsp;&nbsp; 758 | 762718 |
| 4.62%, 01/28/32, (1-day SOFR + 0.99%)<sup>(b)</sup> | &nbsp;&nbsp; 550 | 555378 |
| 5.27%, 01/15/31, (1-day SOFR + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 615 | 636569 |
| 6.21%, 08/21/29, (1-day SOFR + 2.02%)<sup>(b)</sup> | &nbsp;&nbsp; 280 | 294041 |
| Huntington National Bank(The) |  |  |
| 4.55%, 05/17/28, (1-day SOFR Index + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 1853 | 1865711 |
| 4.87%, 04/12/28, (1-day SOFR + 0.72%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 252067 |
| 5.65%, 01/10/30 | &nbsp;&nbsp; 15 | 15795 |
| ING Groep NV |  |  |
| 3.95%, 03/29/27 | &nbsp;&nbsp; 655 | 655619 |
| 4.02%, 03/28/28, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 261 | 261091 |
| 4.05%, 04/09/29<sup>(a)</sup> | &nbsp;&nbsp; 1115 | 1115787 |
| 4.55%, 10/02/28 | &nbsp;&nbsp; 538 | 545064 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.86%, 03/25/29, (1-day SOFR + 1.01%)<sup>(b)</sup> | &nbsp;&nbsp; $915 | $930061 |
| 5.07%, 03/25/31, (1-day SOFR Index + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 3310 | 3412284 |
| 5.34%, 03/19/30, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 665 | 688315 |
| JPMorgan Chase & Co. |  |  |
| 2.07%, 06/01/29, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 178 | 170646 |
| 2.18%, 06/01/28, (1-day SOFR + 1.89%)<sup>(b)</sup> | &nbsp;&nbsp; 495 | 484282 |
| 2.52%, 04/22/31, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 1035 | 971021 |
| 2.74%, 10/15/30, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1251 | 1195946 |
| 2.96%, 05/13/31, (3-mo. CME Term SOFR + <br> 2.52%)<sup>(b)</sup><br>| &nbsp;&nbsp; 580 | 551427 |
| 3.51%, 01/23/29, (3-mo. CME Term SOFR + <br> 1.21%)<sup>(b)</sup><br>| &nbsp;&nbsp; 105 | 104110 |
| 3.54%, 05/01/28, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(b)</sup><br>| &nbsp;&nbsp; 746 | 741540 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 40 | 39801 |
| 3.70%, 05/06/30, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(b)</sup><br>| &nbsp;&nbsp; 840 | 831371 |
| 4.01%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.38%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 115 | 115004 |
| 4.20%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.52%)<sup>(b)</sup><br>| &nbsp;&nbsp; 100 | 100418 |
| 4.25%, 10/01/27 | &nbsp;&nbsp; 178 | 179246 |
| 4.26%, 10/22/31, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 885 | 887240 |
| 4.32%, 04/26/28, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 2540 | 2548833 |
| 4.35%, 01/22/32, (1-day SOFR + 0.84%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 950 | 954406 |
| 4.45%, 12/05/29, (3-mo. CME Term SOFR + <br> 1.59%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1635 | 1652055 |
| 4.49%, 03/24/31, (3-mo. CME Term SOFR + <br> 3.79%)<sup>(b)</sup><br>| &nbsp;&nbsp; 500 | 506899 |
| 4.57%, 06/14/30, (1-day SOFR + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 1045 | 1061000 |
| 4.85%, 07/25/28, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 460 | 465326 |
| 5.00%, 07/22/30, (1-day SOFR + 1.13%)<sup>(b)</sup> | &nbsp;&nbsp; 852 | 877716 |
| 5.01%, 01/23/30, (1-day SOFR + 1.31%)<sup>(b)</sup> | &nbsp;&nbsp; 816 | 838481 |
| 5.10%, 04/22/31, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 905 | 938378 |
| 5.14%, 01/24/31, (1-day SOFR + 1.01%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 540 | 560290 |
| 5.30%, 07/24/29, (1-day SOFR + 1.45%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 1010 | 1039418 |
| 5.57%, 04/22/28, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 218705 |
| 5.58%, 04/22/30, (1-day SOFR + 1.16%)<sup>(b)</sup> | &nbsp;&nbsp; 1357 | 1417273 |
| 6.09%, 10/23/29, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 1000 | 1050273 |
| 8.00%, 04/29/27 | &nbsp;&nbsp; 382 | 399716 |
| Keybank National Association |  |  |
| 3.90%, 04/13/29 | &nbsp;&nbsp; 25 | 24736 |
| 5.85%, 11/15/27 | &nbsp;&nbsp; 176 | 181242 |
| 6.95%, 02/01/28 | &nbsp;&nbsp; 227 | 238014 |
| KeyCorp, 4.10%, 04/30/28 | &nbsp;&nbsp; 305 | 305849 |
| Lloyds Banking Group PLC |  |  |
| 3.57%, 11/07/28, (3-mo. SOFR US + 1.47%)<sup>(b)</sup> | &nbsp;&nbsp; 453 | 449998 |
| 3.75%, 03/18/28, (1-year CMT + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 155 | 154671 |
| 4.24%, 02/10/30, (1-year CMT + 0.60%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 400 | 401929 |
| 4.38%, 03/22/28 | &nbsp;&nbsp; 80 | 80641 |
| 4.43%, 11/04/31, (1-year CMT + 0.82%)<sup>(b)</sup> | &nbsp;&nbsp; 665 | 667720 |
| 4.55%, 08/16/28 | &nbsp;&nbsp; 1208 | 1224729 |
| 4.82%, 06/13/29, (1-year CMT + 0.83%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 406589 |
| 5.09%, 11/26/28, (1-year CMT + 0.85%)<sup>(b)</sup> | &nbsp;&nbsp; 315 | 320894 |
| 5.72%, 06/05/30, (1-year CMT + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 1276 | 1338588 |
| 5.87%, 03/06/29, (1-year CMT + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 310818 |
| M&T Bank Corp. |  |  |
| 5.18%, 07/08/31, (1-day SOFR + 1.40%)<sup>(b)</sup> | &nbsp;&nbsp; 170 | 175543 |
| 5.40%, 07/30/35, (5-year CMT + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5074 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Manufacturers & Traders Trust Co. |  |  |
| 3.40%, 08/17/27 | &nbsp;&nbsp; $20 | $19836 |
| 4.70%, 01/27/28 | &nbsp;&nbsp; 35 | 35500 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 2.56%, 02/25/30 | &nbsp;&nbsp; 740 | 698945 |
| 3.20%, 07/18/29 | &nbsp;&nbsp; 5 | 4868 |
| 3.29%, 07/25/27 | &nbsp;&nbsp; 605 | 601167 |
| 3.74%, 03/07/29<sup>(a)</sup> | &nbsp;&nbsp; 86 | 85653 |
| 3.96%, 03/02/28 | &nbsp;&nbsp; 560 | 561358 |
| 4.08%, 04/19/28, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 1244 | 1245786 |
| 4.51%, 01/14/32, (1-year CMT + 0.80%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 403837 |
| 5.02%, 07/20/28, (1-year CMT + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 535 | 542947 |
| 5.16%, 04/24/31, (1-year CMT + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 207388 |
| 5.20%, 01/16/31, (1-year CMT + 0.78%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 420036 |
| 5.24%, 04/19/29, (1-year CMT + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 415 | 425728 |
| 5.26%, 04/17/30, (1-year CMT + 0.82%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 227623 |
| 5.35%, 09/13/28, (1-year CMT + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 445 | 454371 |
| 5.42%, 02/22/29, (1-year CMT + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; 480 | 493137 |
| Mizuho Financial Group, Inc. |  |  |
| 1.98%, 09/08/31, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 710 | 644633 |
| 2.20%, 07/10/31, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 30 | 27605 |
| 2.59%, 05/25/31, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1535 | 1440110 |
| 2.87%, 09/13/30, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(b)</sup><br>| &nbsp;&nbsp; 168 | 161144 |
| 3.15%, 07/16/30, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(b)</sup><br>| &nbsp;&nbsp; 715 | 693253 |
| 3.17%, 09/11/27 | &nbsp;&nbsp; 530 | 525035 |
| 3.26%, 05/22/30, (1-year CMT + 1.25%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 870 | 848488 |
| 4.02%, 03/05/28 | &nbsp;&nbsp; 525 | 527299 |
| 4.25%, 09/11/29, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(b)</sup><br>| &nbsp;&nbsp; 765 | 768991 |
| 4.71%, 07/08/31, (1-year CMT + 0.92%)<sup>(b)</sup> | &nbsp;&nbsp; 515 | 525187 |
| 5.38%, 05/26/30, (1-year CMT + 1.12%)<sup>(b)</sup> | &nbsp;&nbsp; 695 | 721435 |
| 5.38%, 07/10/30, (1-year CMT + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 370 | 384610 |
| 5.41%, 09/13/28, (1-year CMT + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 280 | 286276 |
| 5.67%, 05/27/29, (1-year CMT + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 392 | 406096 |
| 5.78%, 07/06/29, (1-year CMT + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 1090 | 1133517 |
| Morgan Stanley |  |  |
| 2.70%, 01/22/31, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 1965 | 1857988 |
| 3.59%, 07/22/28<sup>(b)</sup> | &nbsp;&nbsp; 600 | 596477 |
| 3.62%, 04/01/31, (1-day SOFR + 3.12%)<sup>(b)</sup> | &nbsp;&nbsp; 95 | 92867 |
| 3.77%, 01/24/29, (3-mo. CME Term SOFR + <br> 1.40%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1402 | 1396271 |
| 3.95%, 04/23/27 | &nbsp;&nbsp; 674 | 673729 |
| 4.21%, 04/20/28, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 715 | 716339 |
| 4.43%, 01/23/30, (3-mo. CME Term SOFR + <br> 1.89%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1230 | 1240716 |
| 4.49%, 01/16/32, (1-day SOFR + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 1230 | 1236316 |
| 4.65%, 10/18/30, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 1513 | 1537314 |
| 5.04%, 07/19/30, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 978 | 1005232 |
| 5.12%, 02/01/29, (1-day SOFR + 1.73%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 1110 | 1132815 |
| 5.16%, 04/20/29, (1-day SOFR + 1.59%)<sup>(b)</sup> | &nbsp;&nbsp; 209 | 213694 |
| 5.17%, 01/16/30, (1-day SOFR + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 334000 |
| 5.19%, 04/17/31, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 1660 | 1718928 |
| 5.23%, 01/15/31, (1-day SOFR + 1.11%)<sup>(b)</sup> | &nbsp;&nbsp; 1300 | 1345918 |
| 5.45%, 07/20/29, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 290 | 299033 |
| 5.66%, 04/18/30, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 792 | 827200 |
| 6.30%, 10/18/28, (1-day SOFR + 2.24%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 155413 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.41%, 11/01/29, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; $465 | $491851 |
| Series I, 4.36%, 10/22/31, (1-day SOFR + <br> 1.07%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1370 | 1371701 |
| Morgan Stanley Bank N.A. |  |  |
| 4.97%, 07/14/28, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50643 |
| 5.02%, 01/12/29, (1-day SOFR + 0.91%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15284 |
| 5.50%, 05/26/28, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 295 | 300301 |
| Morgan Stanley Private Bank N.A. |  |  |
| 4.47%, 11/19/31, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 1520 | 1528671 |
| 4.73%, 07/18/31, (1-day SOFR + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 1535 | 1562559 |
| National Australia Bank Ltd./New York |  |  |
| 4.15%, 01/13/31 | &nbsp;&nbsp; 250 | 252050 |
| 4.53%, 06/13/30 | &nbsp;&nbsp; 250 | 256172 |
| 4.79%, 01/10/29 | &nbsp;&nbsp; 35 | 36008 |
| 4.90%, 06/13/28 | &nbsp;&nbsp; 525 | 538132 |
| 4.90%, 01/14/30 | &nbsp;&nbsp; 250 | 259227 |
| 4.94%, 01/12/28 | &nbsp;&nbsp; 285 | 291466 |
| National Bank of Canada |  |  |
| 4.17%, 01/20/29, (1-day SOFR Index + 0.76%)<sup>(b)</sup> | &nbsp;&nbsp; 1295 | 1299522 |
| 4.50%, 10/10/29 | &nbsp;&nbsp; 1855 | 1884287 |
| 5.60%, 12/18/28 | &nbsp;&nbsp; 3695 | 3855458 |
| NatWest Group PLC |  |  |
| 3.03%, 11/28/35, (5-year CMT + 2.35%)<sup>(b)</sup> | &nbsp;&nbsp; 1200 | 1117329 |
| 3.07%, 05/22/28, (1-year CMT + 2.55%)<sup>(b)</sup> | &nbsp;&nbsp; 1270 | 1256699 |
| 4.45%, 05/08/30, (3-mo. SOFR US + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 1205 | 1214206 |
| 4.89%, 05/18/29, (3-mo. SOFR US + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 264 | 268587 |
| 4.96%, 08/15/30, (1-year CMT + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 280 | 286789 |
| 5.08%, 01/27/30, (3-mo. SOFR US + 2.17%)<sup>(b)</sup> | &nbsp;&nbsp; 771 | 790615 |
| 5.12%, 05/23/31, (1-year CMT + 1.05%)<sup>(b)</sup> | &nbsp;&nbsp; 1225 | 1262852 |
| 5.52%, 09/30/28, (1-year CMT + 2.27%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 276317 |
| 5.58%, 03/01/28, (1-year CMT + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 70 | 71102 |
| 5.81%, 09/13/29, (1-year CMT + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 580 | 604145 |
| 6.48%, 06/01/34, (5-year CMT + 2.20%)<sup>(b)</sup> | &nbsp;&nbsp; 497 | 524044 |
| Northern Trust Corp. |  |  |
| 3.38%, 05/08/32, (3-mo. SOFR US + 1.39%)<sup>(b)</sup> | &nbsp;&nbsp; 114 | 112843 |
| 3.65%, 08/03/28 | &nbsp;&nbsp; 20 | 19999 |
| 4.00%, 05/10/27 | &nbsp;&nbsp; 45 | 45136 |
| 4.15%, 11/19/30 | &nbsp;&nbsp; 140 | 141074 |
| Pinnacle Bank/Nashville, 5.63%, 02/15/28 | &nbsp;&nbsp; 154 | 157166 |
| PNC Bank N.A. |  |  |
| 2.70%, 10/22/29 | &nbsp;&nbsp; 935 | 890808 |
| 3.10%, 10/25/27 | &nbsp;&nbsp; 746 | 737861 |
| 3.25%, 01/22/28 | &nbsp;&nbsp; 195 | 193377 |
| 4.05%, 07/26/28 | &nbsp;&nbsp; 361 | 361385 |
| 4.43%, 07/21/28, (1-day SOFR + 0.73%)<sup>(b)</sup> | &nbsp;&nbsp; 500 | 503276 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.55%, 01/22/30<sup>(a)</sup> | &nbsp;&nbsp; 260 | 246473 |
| 3.15%, 05/19/27 | &nbsp;&nbsp; 575 | 570643 |
| 3.45%, 04/23/29 | &nbsp;&nbsp; 1075 | 1063646 |
| 4.90%, 05/13/31, (1-day SOFR + 1.33%)<sup>(b)</sup> | &nbsp;&nbsp; 450 | 462010 |
| 5.22%, 01/29/31, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 570 | 591755 |
| 5.35%, 12/02/28, (1-day SOFR + 1.62%)<sup>(b)</sup> | &nbsp;&nbsp; 1267 | 1298893 |
| 5.49%, 05/14/30, (1-day SOFR + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 1245 | 1299907 |
| 5.58%, 06/12/29, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 1103 | 1142195 |
| Regions Financial Corp. |  |  |
| 1.80%, 08/12/28 | &nbsp;&nbsp; 525 | 497784 |
| 5.72%, 06/06/30, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41895 |
| Royal Bank of Canada |  |  |
| 3.63%, 05/04/27 | &nbsp;&nbsp; 15 | 14979 |
| 4.00%, 11/03/28, (1-day SOFR + 0.70%)<sup>(b)</sup> | &nbsp;&nbsp; 525 | 525604 |
| 4.24%, 08/03/27 | &nbsp;&nbsp; 165 | 166060 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.31%, 11/03/31, (1-day SOFR + 0.98%)<sup>(b)</sup> | &nbsp;&nbsp; $525 | $528123 |
| 4.65%, 10/18/30, (1-day SOFR Index + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 465 | 473876 |
| 4.70%, 08/06/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 685 | 699755 |
| 4.90%, 01/12/28<sup>(a)</sup> | &nbsp;&nbsp; 1590 | 1623493 |
| 4.95%, 02/01/29 | &nbsp;&nbsp; 1110 | 1145137 |
| 4.97%, 08/02/30, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 650 | 668352 |
| 4.97%, 05/02/31, (1-day SOFR Index + <br> 1.13%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 575 | 593269 |
| 5.15%, 02/04/31, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 253990 |
| 5.20%, 08/01/28 | &nbsp;&nbsp; 1080 | 1112770 |
| 6.00%, 11/01/27 | &nbsp;&nbsp; 871 | 901831 |
| Santander Holdings USA, Inc. |  |  |
| 4.40%, 07/13/27 | &nbsp;&nbsp; 10 | 10016 |
| 5.35%, 09/06/30, (1-day SOFR + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; 930 | 956757 |
| 5.47%, 03/20/29, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20441 |
| 5.74%, 03/20/31, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 1295 | 1346722 |
| 6.17%, 01/09/30, (1-day SOFR + 2.50%)<sup>(b)</sup> | &nbsp;&nbsp; 491 | 512442 |
| 6.50%, 03/09/29, (1-day SOFR + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10414 |
| 6.57%, 06/12/29, (1-day SOFR + 2.70%)<sup>(b)</sup> | &nbsp;&nbsp; 67 | 70013 |
| Santander U.K. Group Holdings PLC |  |  |
| 3.82%, 11/03/28, (3-mo. SOFR US + 1.66%)<sup>(b)</sup> | &nbsp;&nbsp; 80 | 79647 |
| 4.32%, 09/22/29, (1-day SOFR Index + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200656 |
| 4.86%, 09/11/30, (1-day SOFR Index + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 585 | 595430 |
| 5.69%, 04/15/31, (1-day SOFR Index + <br> 1.52%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 880 | 923356 |
| 6.53%, 01/10/29, (1-day SOFR + 2.60%)<sup>(b)</sup> | &nbsp;&nbsp; 240 | 250349 |
| SouthState Corp., 7.00%, 06/13/35, (1-day SOFR + <br> 3.19%)<sup>(b)</sup><br>| &nbsp;&nbsp; 70 | 74188 |
| State Street Bank & Trust Co., 4.78%, 11/23/29 | &nbsp;&nbsp; 25 | 25814 |
| State Street Corp. |  |  |
| 2.40%, 01/24/30<sup>(a)</sup> | &nbsp;&nbsp; 90 | 85568 |
| 3.03%, 11/01/34, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 503 | 480397 |
| 3.15%, 03/30/31, (1-day SOFR + 2.65%)<sup>(b)</sup> | &nbsp;&nbsp; 1000 | 968372 |
| 4.14%, 12/03/29, (3-mo. CME Term SOFR + <br> 1.29%)<sup>(b)</sup><br>| &nbsp;&nbsp; 175 | 176140 |
| 4.53%, 02/20/29, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 85 | 86082 |
| 4.73%, 02/28/30 | &nbsp;&nbsp; 310 | 318576 |
| 4.83%, 04/24/30<sup>(a)</sup> | &nbsp;&nbsp; 420 | 432758 |
| 4.99%, 03/18/27 | &nbsp;&nbsp; 15 | 15181 |
| 5.68%, 11/21/29, (1-day SOFR + 1.48%)<sup>(b)</sup> | &nbsp;&nbsp; 202 | 211154 |
| 5.82%, 11/04/28, (1-day SOFR + 1.72%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 232034 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 1.71%, 01/12/31 | &nbsp;&nbsp; 2000 | 1782816 |
| 1.90%, 09/17/28 | &nbsp;&nbsp; 1675 | 1591598 |
| 2.13%, 07/08/30 | &nbsp;&nbsp; 530 | 487740 |
| 2.14%, 09/23/30<sup>(a)</sup> | &nbsp;&nbsp; 105 | 96101 |
| 2.47%, 01/14/29 | &nbsp;&nbsp; 745 | 715833 |
| 2.72%, 09/27/29<sup>(a)</sup> | &nbsp;&nbsp; 1645 | 1572941 |
| 2.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2450 | 2333385 |
| 3.04%, 07/16/29 | &nbsp;&nbsp; 1380 | 1336037 |
| 3.35%, 10/18/27 | &nbsp;&nbsp; 710 | 705998 |
| 3.36%, 07/12/27 | &nbsp;&nbsp; 450 | 447386 |
| 3.54%, 01/17/28 | &nbsp;&nbsp; 430 | 427588 |
| 3.94%, 07/19/28 | &nbsp;&nbsp; 715 | 716664 |
| 4.11%, 01/15/29 | &nbsp;&nbsp; 330 | 331327 |
| 4.31%, 10/16/28<sup>(a)</sup> | &nbsp;&nbsp; 60 | 60590 |
| 4.49%, 01/15/32, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 410 | 414290 |
| 4.66%, 07/08/31, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 356173 |
| 5.32%, 07/09/29 | &nbsp;&nbsp; 526 | 546974 |
| 5.52%, 01/13/28 | &nbsp;&nbsp; 1280 | 1318824 |
| 5.71%, 01/13/30 | &nbsp;&nbsp; 35 | 37004 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.72%, 09/14/28 | &nbsp;&nbsp; $235 | $244906 |
| 5.80%, 07/13/28 | &nbsp;&nbsp; 423 | 440603 |
| Synchrony Bank, 5.63%, 08/23/27 | &nbsp;&nbsp; 851 | 866905 |
| Toronto-Dominion Bank(The) |  |  |
| 2.80%, 03/10/27 | &nbsp;&nbsp; 5 | 4953 |
| 4.11%, 06/08/27 | &nbsp;&nbsp; 305 | 305973 |
| 4.41%, 01/13/31 | &nbsp;&nbsp; 150 | 151776 |
| 4.69%, 09/15/27 | &nbsp;&nbsp; 55 | 55719 |
| 4.78%, 12/17/29 | &nbsp;&nbsp; 115 | 118321 |
| 4.81%, 06/03/30 | &nbsp;&nbsp; 545 | 560147 |
| 4.86%, 01/31/28 | &nbsp;&nbsp; 325 | 330803 |
| 4.99%, 04/05/29 | &nbsp;&nbsp; 985 | 1014035 |
| 5.15%, 09/10/34, (5-year CMT + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 712 | 726701 |
| 5.16%, 01/10/28 | &nbsp;&nbsp; 240 | 245420 |
| 5.52%, 07/17/28 | &nbsp;&nbsp; 1100 | 1139628 |
| Truist Bank, 2.25%, 03/11/30 | &nbsp;&nbsp; 10 | 9242 |
| Truist Financial Corp. |  |  |
| 1.13%, 08/03/27 | &nbsp;&nbsp; 35 | 33716 |
| 1.89%, 06/07/29, (1-day SOFR + 0.86%)<sup>(b)</sup> | &nbsp;&nbsp; 865 | 826223 |
| 3.88%, 03/19/29 | &nbsp;&nbsp; 780 | 775542 |
| 4.12%, 06/06/28, (1-day SOFR + 1.37%)<sup>(b)</sup> | &nbsp;&nbsp; 95 | 95205 |
| 4.60%, 01/27/32, (1-day SOFR + 0.97%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 333507 |
| 4.87%, 01/26/29, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 740 | 751287 |
| 5.44%, 01/24/30, (1-day SOFR + 1.62%)<sup>(b)</sup> | &nbsp;&nbsp; 160 | 165960 |
| 7.16%, 10/30/29, (1-day SOFR + 2.45%)<sup>(b)</sup> | &nbsp;&nbsp; 722 | 776703 |
| U.S. Bancorp |  |  |
| 1.38%, 07/22/30 | &nbsp;&nbsp; 535 | 478416 |
| 3.00%, 07/30/29 | &nbsp;&nbsp; 549 | 533162 |
| 3.90%, 04/26/28<sup>(a)</sup> | &nbsp;&nbsp; 310 | 311112 |
| 4.48%, 01/26/32, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 475 | 480426 |
| 4.55%, 07/22/28, (1-day SOFR + 1.66%)<sup>(b)</sup> | &nbsp;&nbsp; 765 | 771356 |
| 4.65%, 02/01/29, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 943 | 955266 |
| 5.05%, 02/12/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 360 | 371685 |
| 5.08%, 05/15/31, (1-day SOFR + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31017 |
| 5.10%, 07/23/30, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 616 | 636803 |
| 5.38%, 01/23/30, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 266 | 275868 |
| 5.78%, 06/12/29, (1-day SOFR + 2.02%)<sup>(b)</sup> | &nbsp;&nbsp; 730 | 758507 |
| Series X, 3.15%, 04/27/27 | &nbsp;&nbsp; 90 | 89473 |
| UBS AG/London, 5.65%, 09/11/28 | &nbsp;&nbsp; 1785 | 1861142 |
| UBS AG/Stamford CT |  |  |
| 5.00%, 07/09/27 | &nbsp;&nbsp; 15 | 15257 |
| 7.50%, 02/15/28 | &nbsp;&nbsp; 1015 | 1087074 |
| Wells Fargo & Co. |  |  |
| 2.39%, 06/02/28, (1-day SOFR + 2.10%)<sup>(b)</sup> | &nbsp;&nbsp; 3660 | 3587648 |
| 2.57%, 02/11/31, (3-mo. CME Term SOFR + <br> 1.26%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1050 | 988177 |
| 2.88%, 10/30/30, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 4783 |
| 3.53%, 03/24/28, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 625 | 621678 |
| 3.58%, 05/22/28, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1344 | 1336999 |
| 4.15%, 01/24/29 | &nbsp;&nbsp; 20 | 20118 |
| 4.30%, 07/22/27 | &nbsp;&nbsp; 425 | 426563 |
| 4.48%, 04/04/31, (3-mo. CME Term SOFR + <br> 4.03%)<sup>(b)</sup><br>| &nbsp;&nbsp; 50 | 50501 |
| 4.81%, 07/25/28, (1-day SOFR + 1.98%)<sup>(b)</sup> | &nbsp;&nbsp; 1200 | 1212691 |
| 5.15%, 04/23/31, (1-day SOFR + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 1730 | 1790625 |
| 5.20%, 01/23/30, (1-day SOFR + 1.50%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 20 | 20605 |
| 5.24%, 01/24/31, (1-day SOFR + 1.11%)<sup>(b)</sup> | &nbsp;&nbsp; 560 | 581227 |
| 5.57%, 07/25/29, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25871 |
| 5.71%, 04/22/28, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15275 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.30%, 10/23/29, (1-day SOFR + 1.79%)<sup>(b)</sup> | &nbsp;&nbsp; $75 | $79113 |
| Series B, 7.95%, 11/15/29 | &nbsp;&nbsp; 10 | 11275 |
| Westpac Banking Corp. |  |  |
| 1.95%, 11/20/28 | &nbsp;&nbsp; 1065 | 1016383 |
| 2.65%, 01/16/30<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4786 |
| 2.67%, 11/15/35, (5-year CMT + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 1350 | 1240264 |
| 3.35%, 03/08/27 | &nbsp;&nbsp; 61 | 60810 |
| 3.40%, 01/25/28 | &nbsp;&nbsp; 65 | 64714 |
| 4.11%, 07/24/34, (5-year CMT + 2.00%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 1032 | 1023122 |
| 4.35%, 07/01/30 | &nbsp;&nbsp; 450 | 457916 |
| 5.05%, 04/16/29 | &nbsp;&nbsp; 353 | 366653 |
| 5.46%, 11/18/27 | &nbsp;&nbsp; 20 | 20597 |
| 5.54%, 11/17/28 | &nbsp;&nbsp; 90 | 94122 |
|  |  | 308384036 |
| **Beverages — 2.2%** | **Beverages — 2.2%** | **Beverages — 2.2%** |
| Anheuser-Busch InBev Worldwide, Inc., 4.75%, <br> 01/23/29<br>| &nbsp;&nbsp; 1479 | 1514049 |
| Coca-Cola Co.(The) |  |  |
| 1.00%, 03/15/28 | &nbsp;&nbsp; 291 | 276754 |
| 1.45%, 06/01/27 | &nbsp;&nbsp; 4654 | 4533489 |
| 1.50%, 03/05/28 | &nbsp;&nbsp; 25 | 24025 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 130 | 123464 |
| 2.90%, 05/25/27 | &nbsp;&nbsp; 546 | 541507 |
| 3.38%, 03/25/27 | &nbsp;&nbsp; 820 | 818819 |
| 3.45%, 03/25/30<sup>(a)</sup> | &nbsp;&nbsp; 25 | 24716 |
| Constellation Brands, Inc. |  |  |
| 2.88%, 05/01/30 | &nbsp;&nbsp; 5 | 4750 |
| 3.15%, 08/01/29 | &nbsp;&nbsp; 5 | 4861 |
| 4.80%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 170 | 173521 |
| 4.80%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 125 | 128138 |
| Diageo Capital PLC |  |  |
| 2.00%, 04/29/30 | &nbsp;&nbsp; 1495 | 1377092 |
| 2.38%, 10/24/29 | &nbsp;&nbsp; 2867 | 2714685 |
| 3.88%, 05/18/28 | &nbsp;&nbsp; 455 | 455898 |
| 5.30%, 10/24/27 | &nbsp;&nbsp; 3168 | 3242449 |
| Diageo Investment Corp., 5.13%, 08/15/30 | &nbsp;&nbsp; 3695 | 3845633 |
| Keurig Dr Pepper, Inc. |  |  |
| 3.43%, 06/15/27 | &nbsp;&nbsp; 1790 | 1776553 |
| 3.95%, 04/15/29 | &nbsp;&nbsp; 329 | 326922 |
| 4.60%, 05/25/28 | &nbsp;&nbsp; 95 | 95940 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 175 | 176710 |
| 5.05%, 03/15/29 | &nbsp;&nbsp; 590 | 604722 |
| 5.10%, 03/15/27 | &nbsp;&nbsp; 15 | 15158 |
| PepsiCo, Inc. |  |  |
| 2.75%, 03/19/30 | &nbsp;&nbsp; 45 | 43132 |
| 3.00%, 10/15/27 | &nbsp;&nbsp; 45 | 44619 |
| 3.60%, 02/18/28 | &nbsp;&nbsp; 510 | 510077 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 405 | 411440 |
| 7.00%, 03/01/29 | &nbsp;&nbsp; 5 | 5462 |
|  |  | 23814585 |
| **Biotechnology — 1.4%** | **Biotechnology — 1.4%** | **Biotechnology — 1.4%** |
| Amgen, Inc. |  |  |
| 1.65%, 08/15/28 | &nbsp;&nbsp; 633 | 601360 |
| 2.45%, 02/21/30 | &nbsp;&nbsp; 115 | 108465 |
| 3.00%, 02/22/29 | &nbsp;&nbsp; 448 | 437071 |
| 3.20%, 11/02/27 | &nbsp;&nbsp; 115 | 113902 |
| 4.05%, 08/18/29 | &nbsp;&nbsp; 107 | 107444 |
| 4.20%, 02/19/31 | &nbsp;&nbsp; 395 | 396154 |
| 5.15%, 03/02/28 | &nbsp;&nbsp; 2417 | 2475048 |
| 5.25%, 03/02/30 | &nbsp;&nbsp; 85 | 88694 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology (continued)** | **Biotechnology (continued)** | **Biotechnology (continued)** |
| Biogen, Inc., 2.25%, 05/01/30 | &nbsp;&nbsp; $2655 | $2462089 |
| Gilead Sciences, Inc. |  |  |
| 1.20%, 10/01/27 | &nbsp;&nbsp; 2618 | 2518129 |
| 1.65%, 10/01/30 | &nbsp;&nbsp; 1530 | 1383202 |
| 2.95%, 03/01/27 | &nbsp;&nbsp; 1679 | 1666845 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 2355 | 2426931 |
| Illumina, Inc., 5.75%, 12/13/27 | &nbsp;&nbsp; 50 | 51445 |
| Royalty Pharma PLC, 2.20%, 09/02/30 | &nbsp;&nbsp; 365 | 334878 |
|  |  | 15171657 |
| **Building Materials — 2.2%** | **Building Materials — 2.2%** | **Building Materials — 2.2%** |
| Carrier Global Corp., 2.72%, 02/15/30 | &nbsp;&nbsp; 1895 | 1800708 |
| CRH America Finance, Inc., 4.40%, 02/09/31 | &nbsp;&nbsp; 3000 | 3021290 |
| CRH SMW Finance DAC |  |  |
| 5.13%, 01/09/30 | &nbsp;&nbsp; 1325 | 1371435 |
| 5.20%, 05/21/29<sup>(a)</sup> | &nbsp;&nbsp; 3663 | 3794162 |
| Fortune Brands Innovations, Inc., 3.25%, <br> 09/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 2580 | 2499244 |
| Johnson Controls International PLC/Tyco Fire & <br> Security Finance SCA, 5.50%, 04/19/29<br>| &nbsp;&nbsp; 788 | 824084 |
| Lennox International, Inc. |  |  |
| 1.70%, 08/01/27 | &nbsp;&nbsp; 1206 | 1169028 |
| 5.50%, 09/15/28 | &nbsp;&nbsp; 1245 | 1288050 |
| Martin Marietta Materials, Inc. |  |  |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 40 | 39785 |
| 3.50%, 12/15/27 | &nbsp;&nbsp; 81 | 80461 |
| Series CB, 2.50%, 03/15/30 | &nbsp;&nbsp; 610 | 574816 |
| Masco Corp. |  |  |
| 1.50%, 02/15/28 | &nbsp;&nbsp; 370 | 353078 |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 25 | 24841 |
| Owens Corning |  |  |
| 3.50%, 02/15/30 | &nbsp;&nbsp; 700 | 684613 |
| 3.95%, 08/15/29 | &nbsp;&nbsp; 756 | 753275 |
| 5.50%, 06/15/27 | &nbsp;&nbsp; 141 | 143588 |
| Trane Technologies Financing Ltd., 3.80%, <br> 03/21/29<br>| &nbsp;&nbsp; 2620 | 2620909 |
| Trane Technologies Holdco, Inc., 3.75%, 08/21/28 | &nbsp;&nbsp; 2886 | 2892008 |
|  |  | 23935375 |
| **Chemicals — 1.3%** | **Chemicals — 1.3%** | **Chemicals — 1.3%** |
| Air Products and Chemicals, Inc., 4.60%, 02/08/29 | &nbsp;&nbsp; 15 | 15346 |
| Dow Chemical Co. (The), 4.80%, 11/30/28<sup>(a)</sup> | &nbsp;&nbsp; 1014 | 1030495 |
| DuPont de Nemours, Inc., 4.73%, 11/15/28<sup>(c)</sup> | &nbsp;&nbsp; 119 | 120625 |
| Ecolab, Inc. |  |  |
| 1.30%, 01/30/31 | &nbsp;&nbsp; 3085 | 2715857 |
| 3.25%, 12/01/27 | &nbsp;&nbsp; 1650 | 1640095 |
| 4.30%, 06/15/28 | &nbsp;&nbsp; 45 | 45531 |
| 4.80%, 03/24/30 | &nbsp;&nbsp; 60 | 61805 |
| 5.25%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1227 | 1260660 |
| International Flavors & Fragrances, Inc., 4.45%, <br> 09/26/28<br>| &nbsp;&nbsp; 980 | 987148 |
| LYB International Finance II BV, 3.50%, 03/02/27 | &nbsp;&nbsp; 50 | 49713 |
| Nutrien Ltd. |  |  |
| 2.95%, 05/13/30 | &nbsp;&nbsp; 155 | 147795 |
| 4.20%, 04/01/29 | &nbsp;&nbsp; 1061 | 1065105 |
| 4.50%, 03/12/27 | &nbsp;&nbsp; 175 | 175921 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 1148 | 1168533 |
| 5.20%, 06/21/27 | &nbsp;&nbsp; 35 | 35544 |
| PPG Industries, Inc. |  |  |
| 2.55%, 06/15/30 | &nbsp;&nbsp; 1010 | 950451 |
| 2.80%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1635 | 1579418 |
| 3.75%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 494 | 493124 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| RPM International, Inc., 4.55%, 03/01/29 | &nbsp;&nbsp; $20 | $20304 |
| Sherwin-Williams Co. (The), 2.30%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 160 | 148717 |
|  |  | 13712187 |
| **Commercial Services — 0.8%** | **Commercial Services — 0.8%** | **Commercial Services — 0.8%** |
| Automatic Data Processing, Inc. |  |  |
| 1.25%, 09/01/30 | &nbsp;&nbsp; 660 | 589043 |
| 1.70%, 05/15/28 | &nbsp;&nbsp; 829 | 794132 |
| Block Financial LLC, 2.50%, 07/15/28 | &nbsp;&nbsp; 165 | 157276 |
| RELX Capital, Inc. |  |  |
| 3.00%, 05/22/30 | &nbsp;&nbsp; 400 | 381860 |
| 4.00%, 03/18/29 | &nbsp;&nbsp; 3194 | 3191026 |
| 4.75%, 03/27/30 | &nbsp;&nbsp; 1460 | 1489672 |
| S&P Global, Inc. |  |  |
| 1.25%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 600 | 531774 |
| 2.45%, 03/01/27 | &nbsp;&nbsp; 5 | 4931 |
| 2.50%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 616 | 585178 |
| 2.70%, 03/01/29 | &nbsp;&nbsp; 155 | 149835 |
| 4.25%, 05/01/29 | &nbsp;&nbsp; 136 | 137178 |
| 4.25%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp; 175 | 175597 |
| 4.75%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp; 101 | 103137 |
|  |  | 8290639 |
| **Computers — 1.8%** | **Computers — 1.8%** | **Computers — 1.8%** |
| Accenture Capital, Inc., 4.05%, 10/04/29 | &nbsp;&nbsp; 20 | 20116 |
| Apple, Inc. |  |  |
| 1.20%, 02/08/28 | &nbsp;&nbsp; 1635 | 1563580 |
| 4.20%, 05/12/30 | &nbsp;&nbsp; 450 | 457104 |
| CGI, Inc., 4.95%, 03/14/30 | &nbsp;&nbsp; 15 | 15228 |
| DXC Technology Co., 2.38%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 510 | 480979 |
| Hewlett Packard Enterprise Co. |  |  |
| 4.05%, 09/15/27 | &nbsp;&nbsp; 360 | 360598 |
| 4.15%, 09/15/28 | &nbsp;&nbsp; 350 | 350784 |
| 4.40%, 09/25/27 | &nbsp;&nbsp; 340 | 342002 |
| 4.40%, 10/15/30 | &nbsp;&nbsp; 1985 | 1987608 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 2605 | 2636527 |
| 5.25%, 07/01/28 | &nbsp;&nbsp; 847 | 869402 |
| HP, Inc. |  |  |
| 3.00%, 06/17/27 | &nbsp;&nbsp; 204 | 201437 |
| 3.40%, 06/17/30<sup>(a)</sup> | &nbsp;&nbsp; 640 | 615305 |
| 4.00%, 04/15/29 | &nbsp;&nbsp; 180 | 178834 |
| 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 467 | 472712 |
| 5.40%, 04/25/30 | &nbsp;&nbsp; 170 | 176226 |
| IBM International Capital Pte Ltd., 4.60%, 02/05/29 | &nbsp;&nbsp; 100 | 101845 |
| International Business Machines Corp. |  |  |
| 1.70%, 05/15/27 | &nbsp;&nbsp; 122 | 118945 |
| 1.95%, 05/15/30 | &nbsp;&nbsp; 1365 | 1252037 |
| 3.50%, 05/15/29 | &nbsp;&nbsp; 1131 | 1114440 |
| 4.00%, 02/03/29<sup>(a)</sup> | &nbsp;&nbsp; 300 | 301069 |
| 4.15%, 07/27/27 | &nbsp;&nbsp; 224 | 225269 |
| 4.30%, 02/03/31 | &nbsp;&nbsp; 300 | 301718 |
| 4.50%, 02/06/28 | &nbsp;&nbsp; 305 | 308828 |
| 4.80%, 02/10/30<sup>(a)</sup> | &nbsp;&nbsp; 525 | 537802 |
| 6.22%, 08/01/27<sup>(a)</sup> | &nbsp;&nbsp; 80 | 82680 |
| 6.50%, 01/15/28 | &nbsp;&nbsp; 95 | 99562 |
| NetApp, Inc. |  |  |
| 2.38%, 06/22/27 | &nbsp;&nbsp; 2110 | 2066572 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 2290 | 2147707 |
|  |  | 19386916 |
| **Cosmetics & Personal Care — 0.7%** | **Cosmetics & Personal Care — 0.7%** | **Cosmetics & Personal Care — 0.7%** |
| Colgate-Palmolive Co. |  |  |
| 3.10%, 08/15/27 | &nbsp;&nbsp; 2239 | 2223996 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** |
| 4.20%, 05/01/30 | &nbsp;&nbsp; $200 | $203066 |
| Kenvue, Inc., 5.00%, 03/22/30 | &nbsp;&nbsp; 20 | 20728 |
| Procter & Gamble Co.(The) |  |  |
| 2.85%, 08/11/27 | &nbsp;&nbsp; 95 | 94136 |
| 3.00%, 03/25/30 | &nbsp;&nbsp; 1320 | 1282880 |
| 3.95%, 01/26/28 | &nbsp;&nbsp; 15 | 15124 |
| 4.05%, 05/01/30 | &nbsp;&nbsp; 350 | 354134 |
| 4.35%, 01/29/29 | &nbsp;&nbsp; 30 | 30730 |
| Unilever Capital Corp. |  |  |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 85 | 80551 |
| 2.90%, 05/05/27 | &nbsp;&nbsp; 100 | 99221 |
| 3.50%, 03/22/28<sup>(a)</sup> | &nbsp;&nbsp; 2260 | 2253281 |
| 4.25%, 08/12/27 | &nbsp;&nbsp; 25 | 25208 |
| 4.88%, 09/08/28 | &nbsp;&nbsp; 425 | 436748 |
|  |  | 7119803 |
| **Distribution & Wholesale — 0.4%** | **Distribution & Wholesale — 0.4%** | **Distribution & Wholesale — 0.4%** |
| LKQ Corp., 5.75%, 06/15/28 | &nbsp;&nbsp; 4400 | 4519236 |
| **Diversified Financial Services — 4.8%** | **Diversified Financial Services — 4.8%** | **Diversified Financial Services — 4.8%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.00%, 10/29/28 | &nbsp;&nbsp; 2419 | 2352233 |
| 3.65%, 07/21/27 | &nbsp;&nbsp; 20 | 19923 |
| 3.88%, 01/23/28 | &nbsp;&nbsp; 105 | 104738 |
| 4.38%, 11/15/30 | &nbsp;&nbsp; 220 | 220500 |
| 4.63%, 10/15/27 | &nbsp;&nbsp; 456 | 460124 |
| 4.63%, 09/10/29 | &nbsp;&nbsp; 1745 | 1768703 |
| 5.10%, 01/19/29 | &nbsp;&nbsp; 949 | 973924 |
| 5.75%, 06/06/28<sup>(a)</sup> | &nbsp;&nbsp; 858 | 888784 |
| 6.45%, 04/15/27 | &nbsp;&nbsp; 110 | 112756 |
| 6.50%, 01/31/56, (5-year CMT + 2.44%)<sup>(b)</sup> | &nbsp;&nbsp; 715 | 740892 |
| 6.95%, 03/10/55, (5-year CMT + 2.72%)<sup>(b)</sup> | &nbsp;&nbsp; 1215 | 1282013 |
| Air Lease Corp. |  |  |
| 2.10%, 09/01/28 | &nbsp;&nbsp; 425 | 403569 |
| 3.00%, 02/01/30 | &nbsp;&nbsp; 795 | 752624 |
| 3.13%, 12/01/30 | &nbsp;&nbsp; 700 | 657283 |
| 3.25%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 415 | 400357 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 190 | 189199 |
| 5.10%, 03/01/29 | &nbsp;&nbsp; 446 | 456017 |
| 5.30%, 02/01/28 | &nbsp;&nbsp; 1195 | 1220028 |
| 5.85%, 12/15/27 | &nbsp;&nbsp; 230 | 236889 |
| Ally Financial, Inc. |  |  |
| 2.20%, 11/02/28 | &nbsp;&nbsp; 190 | 180931 |
| 4.75%, 06/09/27 | &nbsp;&nbsp; 795 | 800979 |
| 6.85%, 01/03/30, (1-day SOFR + 2.82%)<sup>(b)</sup> | &nbsp;&nbsp; 487 | 515053 |
| 6.99%, 06/13/29, (1-day SOFR + 3.26%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 42127 |
| American Express Co. |  |  |
| 2.55%, 03/04/27 | &nbsp;&nbsp; 143 | 141383 |
| 3.30%, 05/03/27 | &nbsp;&nbsp; 1420 | 1412545 |
| 4.05%, 05/03/29 | &nbsp;&nbsp; 440 | 443537 |
| 4.46%, 02/10/32, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 515 | 520077 |
| 5.02%, 04/25/31, (1-day SOFR + 1.44%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 735 | 758260 |
| 5.04%, 07/26/28, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 355307 |
| 5.09%, 01/30/31, (1-day SOFR Index + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 1005 | 1038562 |
| 5.28%, 07/27/29, (1-day SOFR Index + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 740 | 762290 |
| 5.53%, 04/25/30, (1-day SOFR Index + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 1062 | 1109358 |
| 5.85%, 11/05/27 | &nbsp;&nbsp; 1260 | 1300139 |
| American Express Credit Corp., 3.30%, 05/03/27 | &nbsp;&nbsp; 155 | 154156 |
| Brookfield Finance, Inc. |  |  |
| 3.90%, 01/25/28 | &nbsp;&nbsp; 828 | 826477 |
| 4.35%, 04/15/30 | &nbsp;&nbsp; 355 | 355269 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 4.85%, 03/29/29 | &nbsp;&nbsp; $1088 | $1107072 |
| Capital One Financial Corp. |  |  |
| 3.27%, 03/01/30, (1-day SOFR + 1.79%)<sup>(b)</sup> | &nbsp;&nbsp; 455 | 443775 |
| 3.65%, 05/11/27 | &nbsp;&nbsp; 140 | 139530 |
| 3.75%, 03/09/27 | &nbsp;&nbsp; 160 | 159721 |
| 3.80%, 01/31/28 | &nbsp;&nbsp; 149 | 148526 |
| 4.49%, 09/11/31, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 305 | 305124 |
| 4.72%, 01/30/32, (1-day SOFR + 1.15%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 425 | 428284 |
| 4.93%, 05/10/28, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 1805 | 1822859 |
| 5.25%, 07/26/30, (1-day SOFR + 2.60%)<sup>(b)</sup> | &nbsp;&nbsp; 85 | 87749 |
| 5.46%, 07/26/30, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 129660 |
| 5.47%, 02/01/29, (1-day SOFR + 2.08%)<sup>(b)</sup> | &nbsp;&nbsp; 695 | 712544 |
| 5.70%, 02/01/30, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 201 | 209296 |
| 6.31%, 06/08/29, (1-day SOFR + 2.64%)<sup>(b)</sup> | &nbsp;&nbsp; 468 | 489351 |
| 7.62%, 10/30/31, (1-day SOFR + 3.07%)<sup>(b)</sup> | &nbsp;&nbsp; 1270 | 1434741 |
| Charles Schwab Corp.(The) |  |  |
| 2.00%, 03/20/28 | &nbsp;&nbsp; 960 | 927066 |
| 3.20%, 01/25/28 | &nbsp;&nbsp; 225 | 223062 |
| 4.00%, 02/01/29 | &nbsp;&nbsp; 20 | 20136 |
| 4.34%, 11/14/31, (1-day SOFR + 0.94%)<sup>(b)</sup> | &nbsp;&nbsp; 360 | 361861 |
| 5.64%, 05/19/29, (1-day SOFR + 2.21%)<sup>(b)</sup> | &nbsp;&nbsp; 70 | 72642 |
| 6.20%, 11/17/29, (1-day SOFR + 1.88%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 215 | 227623 |
| Eaton Vance Corp., 3.50%, 04/06/27 | &nbsp;&nbsp; 1615 | 1610102 |
| Intercontinental Exchange, Inc. |  |  |
| 2.10%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1210 | 1118690 |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 10 | 9901 |
| 3.63%, 09/01/28 | &nbsp;&nbsp; 180 | 178891 |
| 3.75%, 09/21/28 | &nbsp;&nbsp; 76 | 75733 |
| 3.95%, 12/01/28 | &nbsp;&nbsp; 110 | 110251 |
| 4.00%, 09/15/27 | &nbsp;&nbsp; 660 | 662004 |
| 4.35%, 06/15/29 | &nbsp;&nbsp; 615 | 622881 |
| Lazard Group LLC, 4.38%, 03/11/29 | &nbsp;&nbsp; 396 | 397148 |
| LPL Holdings, Inc. |  |  |
| 5.20%, 03/15/30 | &nbsp;&nbsp; 230 | 235227 |
| 6.75%, 11/17/28 | &nbsp;&nbsp; 200 | 212122 |
| Mastercard, Inc. |  |  |
| 2.95%, 06/01/29 | &nbsp;&nbsp; 70 | 68179 |
| 3.35%, 03/26/30 | &nbsp;&nbsp; 1130 | 1110212 |
| Nasdaq, Inc., 5.35%, 06/28/28 | &nbsp;&nbsp; 1359 | 1398466 |
| Nomura Holdings, Inc. |  |  |
| 2.17%, 07/14/28 | &nbsp;&nbsp; 939 | 898414 |
| 2.68%, 07/16/30<sup>(a)</sup> | &nbsp;&nbsp; 1195 | 1117128 |
| 2.71%, 01/22/29 | &nbsp;&nbsp; 280 | 269325 |
| 3.10%, 01/16/30 | &nbsp;&nbsp; 675 | 647283 |
| 4.90%, 07/01/30 | &nbsp;&nbsp; 225 | 230130 |
| 5.59%, 07/02/27 | &nbsp;&nbsp; 205 | 209120 |
| 5.61%, 07/06/29 | &nbsp;&nbsp; 665 | 694577 |
| 5.84%, 01/18/28 | &nbsp;&nbsp; 200 | 206324 |
| 6.07%, 07/12/28 | &nbsp;&nbsp; 245 | 255837 |
| ORIX Corp. |  |  |
| 3.70%, 07/18/27 | &nbsp;&nbsp; 730 | 728217 |
| 4.65%, 09/10/29 | &nbsp;&nbsp; 274 | 280486 |
| 5.00%, 09/13/27 | &nbsp;&nbsp; 110 | 111772 |
| Radian Group, Inc. |  |  |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 495 | 496436 |
| 6.20%, 05/15/29 | &nbsp;&nbsp; 5 | 5242 |
| Raymond James Financial, Inc., 4.65%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1300 | 1329749 |
| Synchrony Financial |  |  |
| 3.95%, 12/01/27 | &nbsp;&nbsp; 508 | 505814 |
| 4.95%, 02/25/32, (1-day SOFR + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 149011 |
| 5.02%, 07/29/29, (1-day SOFR + 1.40%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30360 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 5.15%, 03/19/29 | &nbsp;&nbsp; $1035 | $1051809 |
| 5.45%, 03/06/31, (1-day SOFR + 1.68%)<sup>(b)</sup> | &nbsp;&nbsp; 745 | 761395 |
| 5.94%, 08/02/30, (1-day SOFR + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 741 | 768977 |
| Voya Financial, Inc., 4.70%, 01/23/48, (3-mo. SOFR <br> US + 2.34%)<sup>(b)</sup><br>| &nbsp;&nbsp; 76 | 73113 |
|  |  | 52037954 |
| **Electric — 4.6%** | **Electric — 4.6%** | **Electric — 4.6%** |
| AEP Texas, Inc. |  |  |
| 3.95%, 06/01/28 | &nbsp;&nbsp; 1968 | 1966220 |
| 5.45%, 05/15/29 | &nbsp;&nbsp; 1169 | 1217397 |
| Atlantic City Electric Co., 4.00%, 10/15/28 | &nbsp;&nbsp; 1013 | 1016307 |
| Avangrid, Inc., 3.80%, 06/01/29 | &nbsp;&nbsp; 2632 | 2611651 |
| CMS Energy Corp. |  |  |
| 3.45%, 08/15/27 | &nbsp;&nbsp; 101 | 100284 |
| 3.75%, 12/01/50, (5-year CMT + 2.90%)<sup>(b)</sup> | &nbsp;&nbsp; 520 | 485067 |
| 4.75%, 06/01/50, (5-year CMT + 4.12%)<sup>(b)</sup> | &nbsp;&nbsp; 335 | 331472 |
| Commonwealth Edison Co. |  |  |
| 2.20%, 03/01/30 | &nbsp;&nbsp; 520 | 486207 |
| 3.70%, 08/15/28 | &nbsp;&nbsp; 1683 | 1680794 |
| Series 122, 2.95%, 08/15/27 | &nbsp;&nbsp; 93 | 92017 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.65%, 01/01/29 | &nbsp;&nbsp; 1130 | 1154113 |
| 4.95%, 01/15/30 | &nbsp;&nbsp; 280 | 289274 |
| Series A, 3.20%, 03/15/27 | &nbsp;&nbsp; 503 | 500570 |
| Edison International |  |  |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 98 | 97498 |
| 4.80%, 03/15/31 | &nbsp;&nbsp; 300 | 299845 |
| 5.25%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 420 | 427924 |
| 5.45%, 06/15/29 | &nbsp;&nbsp; 5 | 5134 |
| 5.75%, 06/15/27 | &nbsp;&nbsp; 816 | 828351 |
| 6.25%, 03/15/30 | &nbsp;&nbsp; 350 | 369781 |
| 6.95%, 11/15/29 | &nbsp;&nbsp; 85 | 91445 |
| Enel Chile SA, 4.88%, 06/12/28 | &nbsp;&nbsp; 55 | 55851 |
| Entergy Corp., 7.13%, 12/01/54, (5-year CMT + <br> 2.67%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 5233 |
| Entergy Louisiana LLC, 3.12%, 09/01/27 | &nbsp;&nbsp; 5 | 4960 |
| Entergy Texas, Inc., 4.00%, 03/30/29 | &nbsp;&nbsp; 5 | 5013 |
| Eversource Energy |  |  |
| 2.90%, 03/01/27 | &nbsp;&nbsp; 635 | 628390 |
| 4.45%, 12/15/30 | &nbsp;&nbsp; 745 | 749854 |
| 4.60%, 07/01/27 | &nbsp;&nbsp; 70 | 70499 |
| 5.45%, 03/01/28 | &nbsp;&nbsp; 465 | 477239 |
| 5.95%, 02/01/29 | &nbsp;&nbsp; 924 | 969366 |
| Series M, 3.30%, 01/15/28 | &nbsp;&nbsp; 855 | 843946 |
| Series O, 4.25%, 04/01/29 | &nbsp;&nbsp; 525 | 526942 |
| Series R, 1.65%, 08/15/30 | &nbsp;&nbsp; 1660 | 1483025 |
| Exelon Corp. |  |  |
| 2.75%, 03/15/27 | &nbsp;&nbsp; 5 | 4941 |
| 4.05%, 04/15/30 | &nbsp;&nbsp; 170 | 169515 |
| 5.15%, 03/15/28 | &nbsp;&nbsp; 900 | 920802 |
| 5.15%, 03/15/29 | &nbsp;&nbsp; 1273 | 1315070 |
| FirstEnergy Transmission LLC, 4.55%, 01/15/30 | &nbsp;&nbsp; 1170 | 1186929 |
| Florida Power & Light Co. |  |  |
| 4.40%, 05/15/28 | &nbsp;&nbsp; 25 | 25322 |
| 5.05%, 04/01/28 | &nbsp;&nbsp; 10 | 10251 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 15 | 15609 |
| Series A, 3.30%, 05/30/27 | &nbsp;&nbsp; 5 | 4976 |
| ITC Holdings Corp., 3.35%, 11/15/27 | &nbsp;&nbsp; 602 | 595838 |
| National Grid PLC, 5.60%, 06/12/28 | &nbsp;&nbsp; 3456 | 3574440 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| 3.70%, 03/15/29 | &nbsp;&nbsp; 15 | 14916 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.90%, 11/01/28 | &nbsp;&nbsp; $10 | $10006 |
| 4.30%, 12/10/30 | &nbsp;&nbsp; 150 | 151256 |
| 4.85%, 02/07/29 | &nbsp;&nbsp; 15 | 15397 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 1240 | 1186953 |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 80 | 74187 |
| 2.75%, 11/01/29 | &nbsp;&nbsp; 100 | 95856 |
| 3.50%, 04/01/29 | &nbsp;&nbsp; 199 | 196232 |
| 3.55%, 05/01/27 | &nbsp;&nbsp; 30 | 29888 |
| 3.80%, 03/15/82, (5-year CMT + 2.55%)<sup>(b)</sup> | &nbsp;&nbsp; 326 | 321489 |
| 4.40%, 03/01/31 | &nbsp;&nbsp; 350 | 353755 |
| 4.63%, 07/15/27 | &nbsp;&nbsp; 20 | 20187 |
| 4.80%, 12/01/77, (3-mo. SOFR US + 2.67%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 252839 |
| 4.85%, 02/04/28 | &nbsp;&nbsp; 290 | 295300 |
| 4.90%, 02/28/28 | &nbsp;&nbsp; 573 | 583259 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 867 | 890543 |
| 5.00%, 02/28/30 | &nbsp;&nbsp; 35 | 36213 |
| 5.05%, 03/15/30 | &nbsp;&nbsp; 465 | 481960 |
| 5.65%, 05/01/79<sup>(a)(b)</sup> | &nbsp;&nbsp; 480 | 485894 |
| 6.38%, 08/15/55, (5-year CMT + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 1040 | 1081243 |
| 6.70%, 09/01/54, (5-year CMT + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36299 |
| NSTAR Electric Co. |  |  |
| 3.20%, 05/15/27 | &nbsp;&nbsp; 855 | 849630 |
| 3.25%, 05/15/29 | &nbsp;&nbsp; 1190 | 1166011 |
| 4.85%, 03/01/30 | &nbsp;&nbsp; 335 | 344827 |
| Ohio Power Co., Series P, 2.60%, 04/01/30 | &nbsp;&nbsp; 920 | 868702 |
| Oncor Electric Delivery Co. LLC |  |  |
| 3.70%, 11/15/28 | &nbsp;&nbsp; 112 | 111495 |
| 4.30%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 81 | 81728 |
| 4.65%, 11/01/29 | &nbsp;&nbsp; 235 | 240330 |
| 5.75%, 03/15/29 | &nbsp;&nbsp; 25 | 26234 |
| Pacific Gas and Electric Co. |  |  |
| 2.10%, 08/01/27<sup>(a)</sup> | &nbsp;&nbsp; 195 | 189991 |
| 3.30%, 12/01/27 | &nbsp;&nbsp; 250 | 246904 |
| 4.20%, 03/01/29 | &nbsp;&nbsp; 10 | 10006 |
| 4.65%, 08/01/28 | &nbsp;&nbsp; 5 | 5060 |
| 5.45%, 06/15/27 | &nbsp;&nbsp; 965 | 980465 |
| 6.10%, 01/15/29 | &nbsp;&nbsp; 10 | 10508 |
| Public Service Electric and Gas Co. |  |  |
| 2.45%, 01/15/30 | &nbsp;&nbsp; 15 | 14196 |
| 3.00%, 05/15/27 | &nbsp;&nbsp; 5 | 4958 |
| 3.20%, 05/15/29 | &nbsp;&nbsp; 5 | 4903 |
| 3.65%, 09/01/28 | &nbsp;&nbsp; 25 | 24922 |
| 3.70%, 05/01/28 | &nbsp;&nbsp; 65 | 64841 |
| Series R, 4.20%, 01/01/31 | &nbsp;&nbsp; 200 | 201351 |
| Public Service Enterprise Group, Inc. |  |  |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 235 | 241788 |
| 5.20%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1494 | 1543866 |
| 5.85%, 11/15/27 | &nbsp;&nbsp; 3460 | 3567146 |
| 5.88%, 10/15/28 | &nbsp;&nbsp; 778 | 812775 |
| San Diego Gas & Electric Co., 4.95%, 08/15/28 | &nbsp;&nbsp; 31 | 31813 |
| Sempra |  |  |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 35 | 34688 |
| 3.40%, 02/01/28 | &nbsp;&nbsp; 55 | 54417 |
| 3.70%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14835 |
| 4.13%, 04/01/52, (5-year CMT + 2.87%)<sup>(b)</sup> | &nbsp;&nbsp; 575 | 567816 |
| 6.63%, 04/01/55, (5-year CMT + 2.35%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 335422 |
| 6.88%, 10/01/54, (5-year CMT + 2.79%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 340091 |
| Southern California Edison Co. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 1035 | 951764 |
| 2.85%, 08/01/29 | &nbsp;&nbsp; 41 | 39264 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.15%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; $411 | $422748 |
| 5.25%, 03/15/30 | &nbsp;&nbsp; 35 | 36203 |
| 5.30%, 03/01/28 | &nbsp;&nbsp; 220 | 225102 |
| 5.65%, 10/01/28 | &nbsp;&nbsp; 634 | 657660 |
| 5.85%, 11/01/27 | &nbsp;&nbsp; 91 | 93520 |
| 6.65%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10588 |
| Series A, 4.20%, 03/01/29 | &nbsp;&nbsp; 973 | 973651 |
| Series B, 3.65%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 55 | 54610 |
| Series D, 4.70%, 06/01/27 | &nbsp;&nbsp; 25 | 25187 |
|  |  | 50791050 |
| **Electrical Components & Equipment — 0.3%** | **Electrical Components & Equipment — 0.3%** | **Electrical Components & Equipment — 0.3%** |
| ABB Finance USA, Inc., 3.80%, 04/03/28 | &nbsp;&nbsp; 2895 | 2897714 |
| Acuity Brands Lighting, Inc., 2.15%, 12/15/30 | &nbsp;&nbsp; 600 | 544695 |
|  |  | 3442409 |
| **Electronics — 0.9%** | **Electronics — 0.9%** | **Electronics — 0.9%** |
| Allegion PLC, 3.50%, 10/01/29 | &nbsp;&nbsp; 401 | 392605 |
| Allegion U.S. Holding Co., Inc., 3.55%, 10/01/27 | &nbsp;&nbsp; 635 | 630617 |
| Avnet, Inc., 6.25%, 03/15/28 | &nbsp;&nbsp; 439 | 455385 |
| Flex Ltd., 4.88%, 06/15/29 | &nbsp;&nbsp; 63 | 64157 |
| Honeywell International, Inc. |  |  |
| 1.10%, 03/01/27 | &nbsp;&nbsp; 172 | 167509 |
| 1.95%, 06/01/30 | &nbsp;&nbsp; 2620 | 2415593 |
| 2.70%, 08/15/29 | &nbsp;&nbsp; 901 | 867626 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 401 | 405742 |
| 4.65%, 07/30/27 | &nbsp;&nbsp; 200 | 202409 |
| 4.70%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1180 | 1212024 |
| 4.88%, 09/01/29 | &nbsp;&nbsp; 193 | 199219 |
| 4.95%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1160 | 1185574 |
| Hubbell, Inc., 3.15%, 08/15/27 | &nbsp;&nbsp; 10 | 9889 |
| Keysight Technologies, Inc. |  |  |
| 3.00%, 10/30/29 | &nbsp;&nbsp; 2045 | 1975040 |
| 4.60%, 04/06/27 | &nbsp;&nbsp; 37 | 37196 |
| Trimble, Inc., 4.90%, 06/15/28 | &nbsp;&nbsp; 33 | 33339 |
| Vontier Corp., 2.40%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 97 | 93676 |
|  |  | 10347600 |
| **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** |
| Jacobs Engineering Group, Inc., 6.35%, 08/18/28 | &nbsp;&nbsp; 3536 | 3714984 |
| **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
| Republic Services, Inc., 3.95%, 05/15/28 | &nbsp;&nbsp; 10 | 10030 |
| Veralto Corp., 5.35%, 09/18/28 | &nbsp;&nbsp; 1322 | 1364751 |
| Waste Management, Inc., 4.88%, 02/15/29 | &nbsp;&nbsp; 5 | 5146 |
|  |  | 1379927 |
| **Food — 2.0%** | **Food — 2.0%** | **Food — 2.0%** |
| Ahold Finance USA LLC, 6.88%, 05/01/29 | &nbsp;&nbsp; 860 | 933056 |
| Campbell's Company/The |  |  |
| 2.38%, 04/24/30 | &nbsp;&nbsp; 1190 | 1101945 |
| 4.15%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 901 | 903503 |
| 5.20%, 03/21/29 | &nbsp;&nbsp; 1103 | 1134377 |
| Conagra Brands, Inc. |  |  |
| 1.38%, 11/01/27 | &nbsp;&nbsp; 1089 | 1042317 |
| 4.85%, 11/01/28 | &nbsp;&nbsp; 1202 | 1218868 |
| 5.00%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 260 | 265182 |
| 7.00%, 10/01/28 | &nbsp;&nbsp; 100 | 106950 |
| 8.25%, 09/15/30 | &nbsp;&nbsp; 300 | 345037 |
| General Mills, Inc. |  |  |
| 2.88%, 04/15/30 | &nbsp;&nbsp; 325 | 308967 |
| 4.20%, 04/17/28 | &nbsp;&nbsp; 250 | 250928 |
| 4.88%, 01/30/30 | &nbsp;&nbsp; 1630 | 1672182 |
| 5.50%, 10/17/28 | &nbsp;&nbsp; 220 | 228183 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| Hormel Foods Corp. |  |  |
| 1.70%, 06/03/28 | &nbsp;&nbsp; $652 | $622789 |
| 4.80%, 03/30/27 | &nbsp;&nbsp; 25 | 25242 |
| Ingredion, Inc., 2.90%, 06/01/30 | &nbsp;&nbsp; 235 | 224340 |
| J M Smucker Co. (The), 5.90%, 11/15/28 | &nbsp;&nbsp; 90 | 94341 |
| Kellanova |  |  |
| 2.10%, 06/01/30 | &nbsp;&nbsp; 3050 | 2826414 |
| 3.40%, 11/15/27 | &nbsp;&nbsp; 2125 | 2112965 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 105 | 105965 |
| Kraft Heinz Foods Co. |  |  |
| 3.75%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 275 | 270804 |
| 3.88%, 05/15/27 | &nbsp;&nbsp; 416 | 415210 |
| 4.63%, 01/30/29<sup>(a)</sup> | &nbsp;&nbsp; 630 | 640315 |
| Kroger Co.(The) |  |  |
| 3.70%, 08/01/27 | &nbsp;&nbsp; 1803 | 1799599 |
| 4.50%, 01/15/29 | &nbsp;&nbsp; 85 | 86432 |
| McCormick & Co., Inc./MD |  |  |
| 2.50%, 04/15/30 | &nbsp;&nbsp; 15 | 14071 |
| 3.40%, 08/15/27 | &nbsp;&nbsp; 2660 | 2647185 |
| Mondelez International, Inc., 4.75%, 02/20/29 | &nbsp;&nbsp; 15 | 15345 |
|  |  | 21412512 |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| Suzano Austria GmbH |  |  |
| 2.50%, 09/15/28 | &nbsp;&nbsp; 10 | 9571 |
| 6.00%, 01/15/29 | &nbsp;&nbsp; 62 | 64288 |
|  |  | 73859 |
| **Gas — 1.2%** | **Gas — 1.2%** | **Gas — 1.2%** |
| National Fuel Gas Co. |  |  |
| 4.75%, 09/01/28 | &nbsp;&nbsp; 5 | 5072 |
| 5.50%, 03/15/30 | &nbsp;&nbsp; 140 | 145752 |
| NiSource, Inc. |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 1500 | 1329787 |
| 2.95%, 09/01/29 | &nbsp;&nbsp; 980 | 946456 |
| 3.49%, 05/15/27 | &nbsp;&nbsp; 60 | 59691 |
| 3.60%, 05/01/30 | &nbsp;&nbsp; 1190 | 1167555 |
| 5.20%, 07/01/29 | &nbsp;&nbsp; 1848 | 1912553 |
| 5.25%, 03/30/28 | &nbsp;&nbsp; 290 | 297233 |
| 6.95%, 11/30/54, (5-year CMT + 2.45%)<sup>(b)</sup> | &nbsp;&nbsp; 385 | 402348 |
| ONE Gas, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 1540 | 1421148 |
| 5.10%, 04/01/29 | &nbsp;&nbsp; 2883 | 2979277 |
| Piedmont Natural Gas Co., Inc., 3.50%, 06/01/29 | &nbsp;&nbsp; 115 | 113455 |
| Southern California Gas Co. |  |  |
| 2.95%, 04/15/27 | &nbsp;&nbsp; 68 | 67356 |
| Series XX, 2.55%, 02/01/30 | &nbsp;&nbsp; 35 | 33209 |
| Southwest Gas Corp. |  |  |
| 2.20%, 06/15/30 | &nbsp;&nbsp; 2000 | 1846615 |
| 3.70%, 04/01/28 | &nbsp;&nbsp; 5 | 4975 |
| 5.45%, 03/23/28 | &nbsp;&nbsp; 10 | 10275 |
|  |  | 12742757 |
| **Health Care - Products — 0.5%** | **Health Care - Products — 0.5%** | **Health Care - Products — 0.5%** |
| Agilent Technologies, Inc. |  |  |
| 2.10%, 06/04/30 | &nbsp;&nbsp; 530 | 488659 |
| 2.75%, 09/15/29 | &nbsp;&nbsp; 35 | 33563 |
| 4.20%, 09/09/27 | &nbsp;&nbsp; 85 | 85367 |
| Baxter International, Inc. |  |  |
| 2.27%, 12/01/28 | &nbsp;&nbsp; 10 | 9456 |
| 4.45%, 02/15/29 | &nbsp;&nbsp; 85 | 85380 |
| 4.90%, 12/15/30 | &nbsp;&nbsp; 370 | 372145 |
| Dentsply Sirona, Inc., 3.25%, 06/01/30 | &nbsp;&nbsp; 125 | 117260 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| Edwards Lifesciences Corp., 4.30%, 06/15/28 | &nbsp;&nbsp; $1755 | $1765505 |
| Revvity, Inc. |  |  |
| 1.90%, 09/15/28 | &nbsp;&nbsp; 45 | 42615 |
| 3.30%, 09/15/29 | &nbsp;&nbsp; 1220 | 1182978 |
| Smith & Nephew PLC, 5.15%, 03/20/27 | &nbsp;&nbsp; 15 | 15172 |
| Solventum Corp., 5.40%, 03/01/29 | &nbsp;&nbsp; 44 | 45641 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 5.05%, 02/19/30 | &nbsp;&nbsp; 90 | 93055 |
| 5.35%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 617 | 638545 |
|  |  | 4975341 |
| **Health Care - Services — 3.2%** | **Health Care - Services — 3.2%** | **Health Care - Services — 3.2%** |
| Centene Corp. |  |  |
| 2.45%, 07/15/28 | &nbsp;&nbsp; 2071 | 1952999 |
| 3.00%, 10/15/30 | &nbsp;&nbsp; 1200 | 1081296 |
| 3.38%, 02/15/30 | &nbsp;&nbsp; 810 | 751523 |
| 4.25%, 12/15/27 | &nbsp;&nbsp; 800 | 795145 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 1325 | 1292583 |
| Cigna Group(The) |  |  |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 80 | 75128 |
| 3.05%, 10/15/27 | &nbsp;&nbsp; 1365 | 1349451 |
| 3.40%, 03/01/27 | &nbsp;&nbsp; 33 | 32847 |
| 4.38%, 10/15/28 | &nbsp;&nbsp; 2795 | 2822604 |
| 5.00%, 05/15/29 | &nbsp;&nbsp; 200 | 206045 |
| Elevance Health, Inc. |  |  |
| 2.25%, 05/15/30 | &nbsp;&nbsp; 275 | 254594 |
| 2.88%, 09/15/29 | &nbsp;&nbsp; 1009 | 969517 |
| 3.65%, 12/01/27 | &nbsp;&nbsp; 2032 | 2024106 |
| 4.00%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 300 | 300524 |
| 4.10%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 915 | 917038 |
| 4.75%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 715 | 731860 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 1832 | 1893754 |
| HCA, Inc. |  |  |
| 3.13%, 03/15/27 | &nbsp;&nbsp; 734 | 727777 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 877 | 861299 |
| 4.13%, 06/15/29 | &nbsp;&nbsp; 143 | 143181 |
| 4.30%, 11/15/30 | &nbsp;&nbsp; 295 | 295446 |
| 5.20%, 06/01/28 | &nbsp;&nbsp; 530 | 543071 |
| 5.25%, 03/01/30 | &nbsp;&nbsp; 290 | 300753 |
| 5.63%, 09/01/28 | &nbsp;&nbsp; 295 | 304211 |
| 5.88%, 02/01/29 | &nbsp;&nbsp; 60 | 62492 |
| Humana, Inc. |  |  |
| 3.13%, 08/15/29 | &nbsp;&nbsp; 640 | 615473 |
| 3.70%, 03/23/29 | &nbsp;&nbsp; 870 | 854671 |
| 3.95%, 03/15/27 | &nbsp;&nbsp; 55 | 54924 |
| 4.88%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 100 | 101420 |
| 5.75%, 03/01/28 | &nbsp;&nbsp; 405 | 416020 |
| 5.75%, 12/01/28 | &nbsp;&nbsp; 401 | 415192 |
| ICON Investments Six DAC |  |  |
| 5.81%, 05/08/27 | &nbsp;&nbsp; 20 | 20184 |
| 5.85%, 05/08/29 | &nbsp;&nbsp; 665 | 680886 |
| IQVIA, Inc. |  |  |
| 5.70%, 05/15/28 | &nbsp;&nbsp; 743 | 764659 |
| 6.25%, 02/01/29 | &nbsp;&nbsp; 810 | 851380 |
| Laboratory Corp. of America Holdings |  |  |
| 2.95%, 12/01/29 | &nbsp;&nbsp; 10 | 9616 |
| 3.60%, 09/01/27<sup>(a)</sup> | &nbsp;&nbsp; 889 | 885594 |
| 4.35%, 04/01/30 | &nbsp;&nbsp; 310 | 312569 |
| Quest Diagnostics, Inc. |  |  |
| 2.95%, 06/30/30 | &nbsp;&nbsp; 725 | 691365 |
| 4.20%, 06/30/29 | &nbsp;&nbsp; 1169 | 1177323 |
| 4.60%, 12/15/27 | &nbsp;&nbsp; 110 | 111375 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 4.63%, 12/15/29 | &nbsp;&nbsp; $120 | $122509 |
| UnitedHealth Group, Inc. |  |  |
| 2.95%, 10/15/27 | &nbsp;&nbsp; 845 | 835096 |
| 3.85%, 06/15/28 | &nbsp;&nbsp; 970 | 970321 |
| 3.88%, 12/15/28 | &nbsp;&nbsp; 755 | 755346 |
| 4.00%, 05/15/29 | &nbsp;&nbsp; 1077 | 1080474 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 880 | 889146 |
| 4.70%, 04/15/29 | &nbsp;&nbsp; 459 | 469517 |
| 5.25%, 02/15/28 | &nbsp;&nbsp; 1250 | 1282776 |
|  |  | 35057080 |
| **Holding Companies - Diversified — 0.5%** | **Holding Companies - Diversified — 0.5%** | **Holding Companies - Diversified — 0.5%** |
| HA Sustainable Infrastructure Capital, Inc., 6.15%, <br> 01/15/31<sup>(a)</sup><br>| &nbsp;&nbsp; 1510 | 1566524 |
| North Haven Private Income Fund LLC |  |  |
| 5.13%, 09/25/28<sup>(c)</sup> | &nbsp;&nbsp; 520 | 514493 |
| 5.75%, 02/01/30 | &nbsp;&nbsp; 3075 | 3033814 |
|  |  | 5114831 |
| **Home Builders — 0.0%** | **Home Builders — 0.0%** | **Home Builders — 0.0%** |
| Meritage Homes Corp., 5.13%, 06/06/27 | &nbsp;&nbsp; 30 | 30205 |
| Toll Brothers Finance Corp., 4.88%, 03/15/27 | &nbsp;&nbsp; 145 | 145877 |
|  |  | 176082 |
| **Home Furnishings — 0.1%** | **Home Furnishings — 0.1%** | **Home Furnishings — 0.1%** |
| Leggett & Platt, Inc. |  |  |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 483 | 477116 |
| 4.40%, 03/15/29 | &nbsp;&nbsp; 964 | 960183 |
|  |  | 1437299 |
| **Household Products & Wares — 1.2%** | **Household Products & Wares — 1.2%** | **Household Products & Wares — 1.2%** |
| Avery Dennison Corp. |  |  |
| 2.65%, 04/30/30 | &nbsp;&nbsp; 400 | 377173 |
| 4.88%, 12/06/28 | &nbsp;&nbsp; 135 | 137756 |
| Church & Dwight Co., Inc., 3.15%, 08/01/27 | &nbsp;&nbsp; 15 | 14869 |
| Clorox Co.(The) |  |  |
| 1.80%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2475 | 2253551 |
| 3.10%, 10/01/27 | &nbsp;&nbsp; 231 | 228386 |
| 3.90%, 05/15/28 | &nbsp;&nbsp; 2250 | 2251651 |
| 4.40%, 05/01/29 | &nbsp;&nbsp; 1795 | 1816168 |
| Kimberly-Clark Corp. |  |  |
| 1.05%, 09/15/27 | &nbsp;&nbsp; 3825 | 3679767 |
| 3.10%, 03/26/30 | &nbsp;&nbsp; 2465 | 2389514 |
| 3.20%, 04/25/29 | &nbsp;&nbsp; 160 | 157239 |
| 3.95%, 11/01/28 | &nbsp;&nbsp; 220 | 221036 |
|  |  | 13527110 |
| **Insurance — 2.3%** | **Insurance — 2.3%** | **Insurance — 2.3%** |
| Aegon Ltd., 5.50%, 04/11/48, (6-mo. SOFR US + <br> 3.97%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1590 | 1609753 |
| Aon Corp., 4.50%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 60 | 60821 |
| Aon North America, Inc., 5.15%, 03/01/29 | &nbsp;&nbsp; 39 | 40214 |
| Assurant, Inc. |  |  |
| 3.70%, 02/22/30 | &nbsp;&nbsp; 2040 | 1996166 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 399 | 404166 |
| Assured Guaranty U.S. Holdings, Inc., 6.13%, <br> 09/15/28<br>| &nbsp;&nbsp; 30 | 31422 |
| AXA SA, 8.60%, 12/15/30 | &nbsp;&nbsp; 1830 | 2152414 |
| Axis Specialty Finance LLC |  |  |
| 3.90%, 07/15/29 | &nbsp;&nbsp; 60 | 59666 |
| 4.90%, 01/15/40, (5-year CMT + 3.19%)<sup>(b)</sup> | &nbsp;&nbsp; 360 | 354578 |
| Axis Specialty Finance PLC, 4.00%, 12/06/27<sup>(a)</sup> | &nbsp;&nbsp; 30 | 29942 |
| Brighthouse Financial, Inc., 3.70%, 06/22/27 | &nbsp;&nbsp; 30 | 29611 |
| CNO Financial Group, Inc., 5.25%, 05/30/29 | &nbsp;&nbsp; 1077 | 1094882 |
| Equitable Holdings, Inc., 4.35%, 04/20/28<sup>(a)</sup> | &nbsp;&nbsp; 396 | 397784 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Hanover Insurance Group, Inc. (The), 2.80%, <br> 08/19/29<br>| &nbsp;&nbsp; $3110 | $2990319 |
| Lincoln National Corp., 3.80%, 03/01/28 | &nbsp;&nbsp; 250 | 247853 |
| Manulife Financial Corp., 2.48%, 05/19/27 | &nbsp;&nbsp; 3278 | 3226863 |
| Marsh & McLennan Companies, Inc. |  |  |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 110 | 111143 |
| 4.55%, 11/08/27 | &nbsp;&nbsp; 340 | 343162 |
| 4.65%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 440 | 448696 |
| MetLife, Inc., 4.55%, 03/23/30<sup>(a)</sup> | &nbsp;&nbsp; 690 | 704796 |
| Principal Financial Group, Inc., 3.70%, 05/15/29 | &nbsp;&nbsp; 145 | 143451 |
| Progressive Corp.(The) |  |  |
| 3.20%, 03/26/30<sup>(a)</sup> | &nbsp;&nbsp; 2635 | 2557749 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 90 | 90448 |
| Prudential Financial, Inc. |  |  |
| 2.10%, 03/10/30<sup>(a)</sup> | &nbsp;&nbsp; 1580 | 1476621 |
| 3.70%, 10/01/50, (5-year CMT + 3.04%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 410 | 383172 |
| 3.88%, 03/27/28 | &nbsp;&nbsp; 1162 | 1162836 |
| 4.50%, 09/15/47, (3-mo. SOFR US + 2.64%)<sup>(b)</sup> | &nbsp;&nbsp; 579 | 571156 |
| 5.70%, 09/15/48, (3-mo. SOFR US + 2.93%)<sup>(b)</sup> | &nbsp;&nbsp; 856 | 864673 |
| Prudential Funding Asia PLC, 3.13%, 04/14/30<sup>(a)</sup> | &nbsp;&nbsp; 865 | 834978 |
| Willis North America, Inc. |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 16 | 15307 |
| 4.50%, 09/15/28 | &nbsp;&nbsp; 561 | 564554 |
| 4.55%, 03/15/31 | &nbsp;&nbsp; 325 | 325299 |
| 4.65%, 06/15/27 | &nbsp;&nbsp; 100 | 100638 |
|  |  | 25425133 |
| **Internet — 0.5%** | **Internet — 0.5%** | **Internet — 0.5%** |
| Alibaba Group Holding Ltd., 3.40%, 12/06/27<sup>(a)</sup> | &nbsp;&nbsp; 933 | 927024 |
| Amazon.com, Inc. |  |  |
| 1.65%, 05/12/28 | &nbsp;&nbsp; 115 | 110265 |
| 3.15%, 08/22/27 | &nbsp;&nbsp; 270 | 268519 |
| 3.45%, 04/13/29 | &nbsp;&nbsp; 5 | 4963 |
| 4.10%, 11/20/30<sup>(a)</sup> | &nbsp;&nbsp; 575 | 579188 |
| 4.55%, 12/01/27 | &nbsp;&nbsp; 1285 | 1304918 |
| Baidu, Inc., 4.38%, 03/29/28 | &nbsp;&nbsp; 455 | 459184 |
| eBay, Inc. |  |  |
| 2.70%, 03/11/30 | &nbsp;&nbsp; 95 | 90027 |
| 3.60%, 06/05/27 | &nbsp;&nbsp; 488 | 486159 |
| MercadoLibre, Inc., 3.13%, 01/14/31 | &nbsp;&nbsp; 435 | 406649 |
| Uber Technologies, Inc., 4.15%, 01/15/31 | &nbsp;&nbsp; 555 | 552868 |
|  |  | 5189764 |
| **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** |
| Nucor Corp. |  |  |
| 3.95%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; 857 | 859109 |
| 4.30%, 05/23/27 | &nbsp;&nbsp; 115 | 115715 |
| Steel Dynamics, Inc. |  |  |
| 1.65%, 10/15/27 | &nbsp;&nbsp; 15 | 14469 |
| 4.00%, 12/15/28 | &nbsp;&nbsp; 275 | 275177 |
|  |  | 1264470 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| Brunswick Corp/DE, 5.85%, 03/18/29<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10395 |
| **Lodging — 0.3%** | **Lodging — 0.3%** | **Lodging — 0.3%** |
| Choice Hotels International, Inc. |  |  |
| 3.70%, 12/01/29 | &nbsp;&nbsp; 540 | 527979 |
| 3.70%, 01/15/31 | &nbsp;&nbsp; 5 | 4817 |
| Las Vegas Sands Corp., 6.00%, 06/14/30 | &nbsp;&nbsp; 740 | 776965 |
| Sands China Ltd. |  |  |
| 2.30%, 03/08/27 | &nbsp;&nbsp; 545 | 534970 |
| 2.85%, 03/08/29 | &nbsp;&nbsp; 302 | 288800 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| 4.38%, 06/18/30 | &nbsp;&nbsp; $10 | $9890 |
| 5.40%, 08/08/28 | &nbsp;&nbsp; 1091 | 1113830 |
|  |  | 3257251 |
| **Machinery — 2.7%** | **Machinery — 2.7%** | **Machinery — 2.7%** |
| Caterpillar Financial Services Corp. |  |  |
| 1.10%, 09/14/27 | &nbsp;&nbsp; 90 | 86667 |
| 3.60%, 08/12/27 | &nbsp;&nbsp; 70 | 69979 |
| 4.15%, 01/08/31 | &nbsp;&nbsp; 200 | 201629 |
| 4.38%, 08/16/29<sup>(a)</sup> | &nbsp;&nbsp; 215 | 219049 |
| 4.40%, 10/15/27 | &nbsp;&nbsp; 80 | 80914 |
| 4.40%, 03/03/28 | &nbsp;&nbsp; 175 | 177429 |
| 4.60%, 11/15/27 | &nbsp;&nbsp; 55 | 55837 |
| 4.70%, 11/15/29 | &nbsp;&nbsp; 940 | 968483 |
| 4.80%, 01/08/30 | &nbsp;&nbsp; 210 | 218037 |
| 4.85%, 02/27/29 | &nbsp;&nbsp; 305 | 314888 |
| Caterpillar, Inc. |  |  |
| 2.60%, 09/19/29 | &nbsp;&nbsp; 15 | 14421 |
| 2.60%, 04/09/30 | &nbsp;&nbsp; 20 | 19071 |
| CNH Industrial Capital LLC |  |  |
| 4.38%, 03/07/31 | &nbsp;&nbsp; 150 | 149815 |
| 4.50%, 10/08/27 | &nbsp;&nbsp; 590 | 594019 |
| 4.50%, 10/16/30 | &nbsp;&nbsp; 2685 | 2705203 |
| 4.55%, 04/10/28<sup>(a)</sup> | &nbsp;&nbsp; 635 | 641140 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 460 | 466170 |
| 5.10%, 04/20/29 | &nbsp;&nbsp; 1630 | 1676230 |
| 5.50%, 01/12/29 | &nbsp;&nbsp; 852 | 883951 |
| CNH Industrial NV, 3.85%, 11/15/27 | &nbsp;&nbsp; 4807 | 4796193 |
| IDEX Corp. |  |  |
| 3.00%, 05/01/30 | &nbsp;&nbsp; 40 | 38308 |
| 4.95%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 210 | 215667 |
| Ingersoll Rand, Inc. |  |  |
| 5.18%, 06/15/29 | &nbsp;&nbsp; 5 | 5182 |
| 5.40%, 08/14/28 | &nbsp;&nbsp; 6 | 6200 |
| John Deere Capital Corp. |  |  |
| 1.45%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 500 | 446040 |
| 1.50%, 03/06/28 | &nbsp;&nbsp; 768 | 737040 |
| 1.75%, 03/09/27 | &nbsp;&nbsp; 78 | 76499 |
| 2.35%, 03/08/27 | &nbsp;&nbsp; 60 | 59204 |
| 2.45%, 01/09/30<sup>(a)</sup> | &nbsp;&nbsp; 45 | 42921 |
| 2.80%, 09/08/27 | &nbsp;&nbsp; 70 | 69120 |
| 2.80%, 07/18/29<sup>(a)</sup> | &nbsp;&nbsp; 192 | 185942 |
| 3.05%, 01/06/28 | &nbsp;&nbsp; 60 | 59377 |
| 3.35%, 04/18/29 | &nbsp;&nbsp; 70 | 69093 |
| 3.45%, 03/07/29 | &nbsp;&nbsp; 107 | 106090 |
| 4.15%, 09/15/27 | &nbsp;&nbsp; 126 | 126948 |
| 4.38%, 10/15/30 | &nbsp;&nbsp; 275 | 279755 |
| 4.50%, 01/16/29 | &nbsp;&nbsp; 531 | 542783 |
| 4.65%, 01/07/28 | &nbsp;&nbsp; 135 | 137487 |
| 4.75%, 01/20/28 | &nbsp;&nbsp; 887 | 905306 |
| 4.85%, 03/05/27 | &nbsp;&nbsp; 43 | 43491 |
| 4.85%, 06/11/29 | &nbsp;&nbsp; 468 | 483098 |
| 4.90%, 06/11/27 | &nbsp;&nbsp; 10 | 10157 |
| 4.90%, 03/03/28<sup>(a)</sup> | &nbsp;&nbsp; 700 | 717188 |
| 4.95%, 07/14/28<sup>(a)</sup> | &nbsp;&nbsp; 1318 | 1354501 |
| nVent Finance SARL, 4.55%, 04/15/28 | &nbsp;&nbsp; 10 | 10080 |
| Oshkosh Corp. |  |  |
| 3.10%, 03/01/30 | &nbsp;&nbsp; 2475 | 2378716 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 2499 | 2523612 |
| Otis Worldwide Corp., 5.25%, 08/16/28 | &nbsp;&nbsp; 145 | 149548 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Westinghouse Air Brake Technologies Corp. |  |  |
| 4.70%, 09/15/28 | &nbsp;&nbsp; $30 | $30467 |
| 4.90%, 05/29/30 | &nbsp;&nbsp; 225 | 231647 |
| Xylem, Inc. |  |  |
| 1.95%, 01/30/28 | &nbsp;&nbsp; 1231 | 1188248 |
| 2.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 2320 | 2121253 |
|  |  | 29690093 |
| **Manufacturing — 0.9%** | **Manufacturing — 0.9%** | **Manufacturing — 0.9%** |
| 3M Co. |  |  |
| 2.38%, 08/26/29 | &nbsp;&nbsp; 1720 | 1632888 |
| 2.88%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2760 | 2722537 |
| 3.05%, 04/15/30 | &nbsp;&nbsp; 930 | 895390 |
| 3.38%, 03/01/29 | &nbsp;&nbsp; 651 | 641181 |
| 3.63%, 09/14/28 | &nbsp;&nbsp; 190 | 189076 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 1065 | 1094826 |
| Pentair Finance SARL, 4.50%, 07/01/29 | &nbsp;&nbsp; 2210 | 2230881 |
| Teledyne Technologies, Inc., 2.25%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4837 |
| Textron, Inc. |  |  |
| 3.38%, 03/01/28 | &nbsp;&nbsp; 10 | 9895 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 30 | 29900 |
|  |  | 9451411 |
| **Media — 0.6%** | **Media — 0.6%** | **Media — 0.6%** |
| Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| 2.25%, 01/15/29 | &nbsp;&nbsp; 1485 | 1401681 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 510 | 505389 |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 230 | 229727 |
| 5.05%, 03/30/29 | &nbsp;&nbsp; 139 | 141112 |
| 6.10%, 06/01/29 | &nbsp;&nbsp; 55 | 57629 |
| Comcast Corp. |  |  |
| 3.15%, 02/15/28 | &nbsp;&nbsp; 565 | 558533 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 24 | 23872 |
| 4.15%, 10/15/28 | &nbsp;&nbsp; 30 | 30223 |
| 4.55%, 01/15/29 | &nbsp;&nbsp; 84 | 85667 |
| 5.10%, 06/01/29 | &nbsp;&nbsp; 220 | 228188 |
| FactSet Research Systems, Inc., 2.90%, 03/01/27 | &nbsp;&nbsp; 442 | 435919 |
| Fox Corp., 4.71%, 01/25/29 | &nbsp;&nbsp; 86 | 87299 |
| Paramount Global |  |  |
| 3.38%, 02/15/28 | &nbsp;&nbsp; 300 | 289474 |
| 4.20%, 06/01/29 | &nbsp;&nbsp; 200 | 192429 |
| 4.95%, 01/15/31 | &nbsp;&nbsp; 800 | 748252 |
| Walt Disney Co.(The) |  |  |
| 2.20%, 01/13/28<sup>(a)</sup> | &nbsp;&nbsp; 1037 | 1012121 |
| 4.00%, 03/14/31 | &nbsp;&nbsp; 850 | 851704 |
|  |  | 6879219 |
| **Oil & Gas — 1.7%** | **Oil & Gas — 1.7%** | **Oil & Gas — 1.7%** |
| BP Capital Markets America, Inc. |  |  |
| 3.63%, 04/06/30<sup>(a)</sup> | &nbsp;&nbsp; 30 | 29678 |
| 3.94%, 09/21/28 | &nbsp;&nbsp; 5 | 5017 |
| 4.23%, 11/06/28<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15154 |
| 4.70%, 04/10/29 | &nbsp;&nbsp; 20 | 20492 |
| 5.02%, 11/17/27 | &nbsp;&nbsp; 60 | 61217 |
| BP Capital Markets PLC |  |  |
| 3.28%, 09/19/27 | &nbsp;&nbsp; 55 | 54682 |
| 3.72%, 11/28/28 | &nbsp;&nbsp; 15 | 14972 |
| ConocoPhillips Co. |  |  |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 655 | 671410 |
| 6.95%, 04/15/29 | &nbsp;&nbsp; 240 | 261693 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Diamondback Energy, Inc. |  |  |
| 3.50%, 12/01/29 | &nbsp;&nbsp; $110 | $107640 |
| 5.15%, 01/30/30 | &nbsp;&nbsp; 715 | 741546 |
| EQT Corp. |  |  |
| 3.90%, 10/01/27 | &nbsp;&nbsp; 1125 | 1122746 |
| 4.75%, 01/15/31 | &nbsp;&nbsp; 25 | 25355 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 550 | 560570 |
| 5.70%, 04/01/28 | &nbsp;&nbsp; 238 | 246049 |
| 7.00%, 02/01/30 | &nbsp;&nbsp; 345 | 377540 |
| 7.50%, 06/01/30 | &nbsp;&nbsp; 40 | 44394 |
| Hess Corp. |  |  |
| 4.30%, 04/01/27 | &nbsp;&nbsp; 2385 | 2393949 |
| 7.88%, 10/01/29 | &nbsp;&nbsp; 470 | 532839 |
| Marathon Petroleum Corp. |  |  |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 10 | 9971 |
| 5.15%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 130 | 134724 |
| Ovintiv, Inc. |  |  |
| 5.65%, 05/15/28 | &nbsp;&nbsp; 1772 | 1835627 |
| 8.13%, 09/15/30 | &nbsp;&nbsp; 500 | 575437 |
| Phillips 66, 3.90%, 03/15/28 | &nbsp;&nbsp; 601 | 600365 |
| Phillips 66 Co. |  |  |
| 3.15%, 12/15/29 | &nbsp;&nbsp; 10 | 9695 |
| 3.75%, 03/01/28 | &nbsp;&nbsp; 360 | 359277 |
| 4.95%, 12/01/27 | &nbsp;&nbsp; 40 | 40676 |
| Shell Finance U.S., Inc., 3.88%, 11/13/28<sup>(c)</sup> | &nbsp;&nbsp; 805 | 808837 |
| Shell International Finance BV, 3.88%, 11/13/28 | &nbsp;&nbsp; 15 | 15047 |
| TotalEnergies Capital International SA |  |  |
| 2.83%, 01/10/30 | &nbsp;&nbsp; 840 | 811755 |
| 3.46%, 02/19/29 | &nbsp;&nbsp; 1425 | 1413111 |
| TotalEnergies Capital SA, 3.88%, 10/11/28 | &nbsp;&nbsp; 1466 | 1473537 |
| Valero Energy Corp. |  |  |
| 2.15%, 09/15/27 | &nbsp;&nbsp; 115 | 111952 |
| 4.00%, 04/01/29 | &nbsp;&nbsp; 28 | 28008 |
| 4.35%, 06/01/28 | &nbsp;&nbsp; 5 | 5039 |
| 5.15%, 02/15/30 | &nbsp;&nbsp; 325 | 336888 |
| Woodside Finance Ltd., 5.40%, 05/19/30 | &nbsp;&nbsp; 2315 | 2401796 |
|  |  | 18258685 |
| **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc.<br>|  |  |
| 3.14%, 11/07/29 | &nbsp;&nbsp; 25 | 24362 |
| 3.34%, 12/15/27 | &nbsp;&nbsp; 220 | 218193 |
| 4.49%, 05/01/30 | &nbsp;&nbsp; 5 | 5082 |
|  |  | 247637 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Amcor Finance USA, Inc., 4.50%, 05/15/28 | &nbsp;&nbsp; 10 | 10097 |
| Amcor Flexibles North America, Inc., 2.63%, <br> 06/19/30<br>| &nbsp;&nbsp; 800 | 751978 |
| Amcor Group Finance PLC, 5.45%, 05/23/29 | &nbsp;&nbsp; 20 | 20810 |
| Berry Global, Inc., 5.50%, 04/15/28 | &nbsp;&nbsp; 65 | 67055 |
| WRKCo, Inc. |  |  |
| 3.90%, 06/01/28 | &nbsp;&nbsp; 299 | 298639 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 10 | 10014 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 112 | 114599 |
|  |  | 1273192 |
| **Pharmaceuticals — 3.2%** | **Pharmaceuticals — 3.2%** | **Pharmaceuticals — 3.2%** |
| AbbVie, Inc. |  |  |
| 3.20%, 11/21/29 | &nbsp;&nbsp; 505 | 493250 |
| 3.78%, 03/03/28 | &nbsp;&nbsp; 595 | 595820 |
| 4.13%, 03/15/31 | &nbsp;&nbsp; 445 | 446370 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.25%, 11/14/28 | &nbsp;&nbsp; $50 | $50599 |
| 4.65%, 03/15/28 | &nbsp;&nbsp; 600 | 610277 |
| 4.80%, 03/15/29 | &nbsp;&nbsp; 120 | 123278 |
| 4.88%, 03/15/30 | &nbsp;&nbsp; 2105 | 2176621 |
| Astrazeneca Finance LLC |  |  |
| 1.75%, 05/28/28 | &nbsp;&nbsp; 1383 | 1324027 |
| 4.00%, 03/02/31 | &nbsp;&nbsp; 260 | 260404 |
| 4.88%, 03/03/28 | &nbsp;&nbsp; 305 | 311721 |
| AstraZeneca PLC, 3.13%, 06/12/27 | &nbsp;&nbsp; 20 | 19880 |
| Becton Dickinson & Co., 4.87%, 02/08/29 | &nbsp;&nbsp; 100 | 102443 |
| Bristol-Myers Squibb Co., 1.13%, 11/13/27 | &nbsp;&nbsp; 390 | 374174 |
| Cardinal Health, Inc. |  |  |
| 3.41%, 06/15/27 | &nbsp;&nbsp; 175 | 173896 |
| 4.50%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1260 | 1277514 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 2355 | 2426668 |
| 5.13%, 02/15/29 | &nbsp;&nbsp; 1215 | 1253122 |
| Cencora, Inc. |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 160 | 151962 |
| 3.45%, 12/15/27 | &nbsp;&nbsp; 10 | 9925 |
| 3.95%, 02/13/29 | &nbsp;&nbsp; 260 | 260135 |
| 4.25%, 11/15/30 | &nbsp;&nbsp; 95 | 95357 |
| 4.85%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp; 295 | 303515 |
| CVS Health Corp. |  |  |
| 1.30%, 08/21/27 | &nbsp;&nbsp; 160 | 154061 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 45 | 44849 |
| 3.75%, 04/01/30 | &nbsp;&nbsp; 45 | 44279 |
| 4.30%, 03/25/28 | &nbsp;&nbsp; 2214 | 2226604 |
| 5.00%, 01/30/29 | &nbsp;&nbsp; 48 | 49238 |
| 5.13%, 02/21/30<sup>(a)</sup> | &nbsp;&nbsp; 30 | 30931 |
| 6.25%, 06/01/27 | &nbsp;&nbsp; 95 | 97639 |
| Eli Lilly & Co., 4.75%, 02/12/30<sup>(a)</sup> | &nbsp;&nbsp; 350 | 361496 |
| GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 | &nbsp;&nbsp; 60 | 59166 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 3.88%, 05/15/28 | &nbsp;&nbsp; 399 | 400775 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 685 | 701031 |
| McKesson Corp. |  |  |
| 3.95%, 02/16/28 | &nbsp;&nbsp; 70 | 70118 |
| 4.25%, 09/15/29 | &nbsp;&nbsp; 5 | 5051 |
| 4.65%, 05/30/30 | &nbsp;&nbsp; 300 | 307005 |
| 4.90%, 07/15/28 | &nbsp;&nbsp; 515 | 527880 |
| Merck & Co., Inc. |  |  |
| 1.70%, 06/10/27 | &nbsp;&nbsp; 30 | 29308 |
| 1.90%, 12/10/28<sup>(a)</sup> | &nbsp;&nbsp; 90 | 85897 |
| 3.40%, 03/07/29 | &nbsp;&nbsp; 59 | 58443 |
| 3.85%, 03/15/29 | &nbsp;&nbsp; 240 | 240821 |
| 4.05%, 05/17/28 | &nbsp;&nbsp; 485 | 488901 |
| Merck Sharp & Dohme Corp., 5.95%, 12/01/28 | &nbsp;&nbsp; 106 | 112087 |
| Novartis Capital Corp. |  |  |
| 2.20%, 08/14/30 | &nbsp;&nbsp; 3655 | 3407603 |
| 3.10%, 05/17/27 | &nbsp;&nbsp; 35 | 34800 |
| 3.80%, 09/18/29<sup>(a)</sup> | &nbsp;&nbsp; 470 | 470316 |
| 4.10%, 11/05/30 | &nbsp;&nbsp; 2180 | 2193427 |
| Pfizer Investment Enterprises Pte Ltd., 4.45%, <br> 05/19/28<br>| &nbsp;&nbsp; 956 | 969426 |
| Pfizer, Inc. |  |  |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 27 | 26807 |
| 3.60%, 09/15/28 | &nbsp;&nbsp; 5 | 4997 |
| 4.20%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 330 | 333230 |
| Pharmacia LLC, 6.60%, 12/01/28 | &nbsp;&nbsp; 15 | 16069 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| Viatris, Inc. |  |  |
| 2.30%, 06/22/27 | &nbsp;&nbsp; $170 | $165768 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 200 | 184714 |
| Zoetis, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 3180 | 2935149 |
| 3.00%, 09/12/27 | &nbsp;&nbsp; 3450 | 3410891 |
| 3.90%, 08/20/28 | &nbsp;&nbsp; 1405 | 1406408 |
| 4.15%, 08/17/28 | &nbsp;&nbsp; 250 | 251886 |
|  |  | 34748029 |
| **Pipelines — 4.4%** | **Pipelines — 4.4%** | **Pipelines — 4.4%** |
| Cheniere Corpus Christi Holdings LLC |  |  |
| 3.70%, 11/15/29 | &nbsp;&nbsp; 3167 | 3122025 |
| 5.13%, 06/30/27 | &nbsp;&nbsp; 2272 | 2293721 |
| Cheniere Energy, Inc., 4.63%, 10/15/28 | &nbsp;&nbsp; 6160 | 6157547 |
| DCP Midstream Operating LP, 5.63%, 07/15/27 | &nbsp;&nbsp; 55 | 56018 |
| Enbridge, Inc. |  |  |
| 3.13%, 11/15/29 | &nbsp;&nbsp; 755 | 729961 |
| 3.70%, 07/15/27 | &nbsp;&nbsp; 325 | 324108 |
| 4.20%, 11/20/28 | &nbsp;&nbsp; 275 | 276556 |
| 4.50%, 02/15/31 | &nbsp;&nbsp; 275 | 277680 |
| 4.60%, 06/20/28 | &nbsp;&nbsp; 150 | 152067 |
| 4.90%, 06/20/30 | &nbsp;&nbsp; 215 | 221234 |
| 5.25%, 04/05/27 | &nbsp;&nbsp; 30 | 30404 |
| 5.30%, 04/05/29 | &nbsp;&nbsp; 860 | 891067 |
| 6.00%, 11/15/28 | &nbsp;&nbsp; 1118 | 1177064 |
| 7.38%, 03/15/55, (5-year CMT + 3.12%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 945 | 1008386 |
| Energy Transfer LP |  |  |
| 4.40%, 03/15/27<sup>(a)</sup> | &nbsp;&nbsp; 95 | 95313 |
| 5.25%, 07/01/29 | &nbsp;&nbsp; 50 | 51854 |
| 5.55%, 02/15/28 | &nbsp;&nbsp; 805 | 828479 |
| Enterprise Products Operating LLC |  |  |
| 4.15%, 10/16/28 | &nbsp;&nbsp; 35 | 35284 |
| 4.60%, 01/15/31 | &nbsp;&nbsp; 170 | 173694 |
| 5.38%, 02/15/78, (3-mo. CME Term SOFR + <br> 2.83%)<sup>(b)</sup><br>| &nbsp;&nbsp; 431 | 432076 |
| Series E, 5.25%, 08/16/77, (3-mo. CME Term <br> SOFR + 3.29%)<sup>(b)</sup><br>| &nbsp;&nbsp; 504 | 505265 |
| Kinder Morgan, Inc. |  |  |
| 2.00%, 02/15/31 | &nbsp;&nbsp; 2500 | 2264727 |
| 4.30%, 03/01/28 | &nbsp;&nbsp; 1472 | 1484255 |
| 5.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1291 | 1329885 |
| 5.10%, 08/01/29 | &nbsp;&nbsp; 1466 | 1517869 |
| 5.15%, 06/01/30 | &nbsp;&nbsp; 2380 | 2476305 |
| MPLX LP |  |  |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 445 | 445217 |
| 4.13%, 03/01/27 | &nbsp;&nbsp; 90 | 90094 |
| 4.25%, 12/01/27 | &nbsp;&nbsp; 50 | 50219 |
| 4.80%, 02/15/29 | &nbsp;&nbsp; 5 | 5097 |
| Northwest Pipeline LLC, 4.00%, 04/01/27 | &nbsp;&nbsp; 70 | 70017 |
| ONEOK, Inc. |  |  |
| 3.10%, 03/15/30 | &nbsp;&nbsp; 800 | 766276 |
| 3.25%, 06/01/30 | &nbsp;&nbsp; 100 | 95988 |
| 3.40%, 09/01/29 | &nbsp;&nbsp; 1132 | 1106941 |
| 4.00%, 07/13/27 | &nbsp;&nbsp; 1602 | 1603229 |
| 4.25%, 09/24/27 | &nbsp;&nbsp; 100 | 100463 |
| 4.35%, 03/15/29 | &nbsp;&nbsp; 919 | 924715 |
| 4.40%, 10/15/29 | &nbsp;&nbsp; 885 | 892116 |
| 4.55%, 07/15/28 | &nbsp;&nbsp; 245 | 247688 |
| 5.38%, 06/01/29 | &nbsp;&nbsp; 936 | 969686 |
| 5.65%, 11/01/28 | &nbsp;&nbsp; 680 | 706933 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Sabine Pass Liquefaction LLC |  |  |
| 4.20%, 03/15/28 | &nbsp;&nbsp; $65 | $65244 |
| 5.00%, 03/15/27 | &nbsp;&nbsp; 85 | 85396 |
| Targa Resources Corp. |  |  |
| 4.35%, 01/15/29 | &nbsp;&nbsp; 275 | 277073 |
| 4.35%, 04/15/31 | &nbsp;&nbsp; 180 | 179989 |
| 4.90%, 09/15/30 | &nbsp;&nbsp; 25 | 25655 |
| 5.20%, 07/01/27 | &nbsp;&nbsp; 40 | 40639 |
| 6.15%, 03/01/29 | &nbsp;&nbsp; 1579 | 1669781 |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp.<br>|  |  |
| 5.00%, 01/15/28 | &nbsp;&nbsp; 671 | 671220 |
| 5.50%, 03/01/30 | &nbsp;&nbsp; 60 | 61043 |
| Tennessee Gas Pipeline Co. LLC |  |  |
| 7.00%, 03/15/27 | &nbsp;&nbsp; 810 | 835669 |
| 7.00%, 10/15/28 | &nbsp;&nbsp; 20 | 21510 |
| TransCanada PipeLines Ltd. |  |  |
| 4.10%, 04/15/30 | &nbsp;&nbsp; 895 | 893535 |
| 4.25%, 05/15/28 | &nbsp;&nbsp; 85 | 85466 |
| 7.00%, 06/01/65, (5-year CMT + 2.61%)<sup>(b)</sup> | &nbsp;&nbsp; 640 | 665740 |
| Transcontinental Gas Pipe Line Co. LLC, 4.00%, <br> 03/15/28<br>| &nbsp;&nbsp; 5 | 5006 |
| Valero Energy Partners LP, 4.50%, 03/15/28 | &nbsp;&nbsp; 6 | 6055 |
| Western Midstream Operating LP |  |  |
| 4.05%, 02/01/30 | &nbsp;&nbsp; 1360 | 1343288 |
| 4.50%, 03/01/28 | &nbsp;&nbsp; 753 | 758678 |
| 4.75%, 08/15/28 | &nbsp;&nbsp; 298 | 302319 |
| 4.80%, 03/01/31 | &nbsp;&nbsp; 200 | 201742 |
| 6.35%, 01/15/29 | &nbsp;&nbsp; 929 | 981363 |
| Williams Companies, Inc.(The) |  |  |
| 3.50%, 11/15/30 | &nbsp;&nbsp; 15 | 14534 |
| 3.75%, 06/15/27 | &nbsp;&nbsp; 65 | 64854 |
| 4.63%, 06/30/30 | &nbsp;&nbsp; 340 | 345958 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 825 | 844910 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 1210 | 1240984 |
| 5.30%, 08/15/28 | &nbsp;&nbsp; 135 | 139352 |
|  |  | 47814526 |
| **Real Estate — 0.4%** | **Real Estate — 0.4%** | **Real Estate — 0.4%** |
| CBRE Services, Inc. |  |  |
| 4.80%, 06/15/30 | &nbsp;&nbsp; 1650 | 1681945 |
| 5.50%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1232 | 1279506 |
| Jones Lang LaSalle, Inc., 6.88%, 12/01/28 | &nbsp;&nbsp; 935 | 999791 |
|  |  | 3961242 |
| **Real Estate Investment Trusts — 5.4%** | **Real Estate Investment Trusts — 5.4%** | **Real Estate Investment Trusts — 5.4%** |
| American Tower Corp. |  |  |
| 1.50%, 01/31/28 | &nbsp;&nbsp; 615 | 587835 |
| 1.88%, 10/15/30 | &nbsp;&nbsp; 595 | 536779 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 1075 | 986397 |
| 2.90%, 01/15/30 | &nbsp;&nbsp; 1910 | 1824449 |
| 3.55%, 07/15/27 | &nbsp;&nbsp; 196 | 194901 |
| 3.60%, 01/15/28 | &nbsp;&nbsp; 250 | 248194 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 226 | 225248 |
| 3.80%, 08/15/29 | &nbsp;&nbsp; 647 | 640826 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 1645 | 1639224 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 615 | 631970 |
| 5.00%, 01/31/30 | &nbsp;&nbsp; 160 | 164721 |
| 5.20%, 02/15/29 | &nbsp;&nbsp; 253 | 261096 |
| 5.25%, 07/15/28 | &nbsp;&nbsp; 219 | 225190 |
| 5.50%, 03/15/28 | &nbsp;&nbsp; 308 | 316604 |
| 5.80%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 561 | 585773 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| AvalonBay Communities, Inc. |  |  |
| 1.90%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; $800 | $760682 |
| 3.20%, 01/15/28 | &nbsp;&nbsp; 210 | 208359 |
| 3.30%, 06/01/29 | &nbsp;&nbsp; 105 | 103044 |
| 3.35%, 05/15/27 | &nbsp;&nbsp; 5 | 4974 |
| 4.35%, 12/01/30 | &nbsp;&nbsp; 185 | 186823 |
| Boston Properties LP |  |  |
| 2.90%, 03/15/30 | &nbsp;&nbsp; 325 | 306725 |
| 3.40%, 06/21/29 | &nbsp;&nbsp; 915 | 891283 |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 1620 | 1633606 |
| 6.75%, 12/01/27 | &nbsp;&nbsp; 765 | 798331 |
| Brixmor Operating Partnership LP |  |  |
| 2.25%, 04/01/28 | &nbsp;&nbsp; 15 | 14485 |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 605 | 599586 |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/29 | &nbsp;&nbsp; 1230 | 1161269 |
| 4.50%, 10/15/30 | &nbsp;&nbsp; 150 | 150663 |
| Crown Castle, Inc. |  |  |
| 2.25%, 01/15/31 | &nbsp;&nbsp; 1015 | 917547 |
| 2.90%, 03/15/27 | &nbsp;&nbsp; 1562 | 1544719 |
| 3.10%, 11/15/29 | &nbsp;&nbsp; 239 | 229456 |
| 3.30%, 07/01/30 | &nbsp;&nbsp; 150 | 143612 |
| 3.65%, 09/01/27 | &nbsp;&nbsp; 833 | 829230 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 3150 | 3137198 |
| 4.00%, 03/01/27 | &nbsp;&nbsp; 209 | 208937 |
| 4.30%, 02/15/29 | &nbsp;&nbsp; 515 | 517193 |
| 4.80%, 09/01/28 | &nbsp;&nbsp; 770 | 782834 |
| 4.90%, 09/01/29 | &nbsp;&nbsp; 344 | 350694 |
| 5.00%, 01/11/28 | &nbsp;&nbsp; 1121 | 1139828 |
| 5.60%, 06/01/29 | &nbsp;&nbsp; 1131 | 1178210 |
| Digital Realty Trust LP |  |  |
| 3.60%, 07/01/29 | &nbsp;&nbsp; 4041 | 3988765 |
| 3.70%, 08/15/27 | &nbsp;&nbsp; 1704 | 1697712 |
| 4.45%, 07/15/28 | &nbsp;&nbsp; 1732 | 1749087 |
| 5.55%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 695 | 714805 |
| DOC DR LLC |  |  |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 199 | 198773 |
| 4.30%, 03/15/27 | &nbsp;&nbsp; 15 | 15033 |
| EPR Properties, 4.50%, 06/01/27 | &nbsp;&nbsp; 385 | 385424 |
| Equinix Europe 2 Financing Corp. LLC, 4.60%, <br> 11/15/30<br>| &nbsp;&nbsp; 3345 | 3381671 |
| Equinix, Inc. |  |  |
| 1.55%, 03/15/28 | &nbsp;&nbsp; 449 | 427890 |
| 1.80%, 07/15/27 | &nbsp;&nbsp; 158 | 153471 |
| 2.00%, 05/15/28 | &nbsp;&nbsp; 195 | 186842 |
| 2.15%, 07/15/30 | &nbsp;&nbsp; 1670 | 1527739 |
| 3.20%, 11/18/29 | &nbsp;&nbsp; 2851 | 2754920 |
| ERP Operating LP, 3.50%, 03/01/28 | &nbsp;&nbsp; 240 | 238388 |
| Federal Realty OP LP |  |  |
| 3.20%, 06/15/29 | &nbsp;&nbsp; 45 | 43791 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 1365 | 1352272 |
| 5.38%, 05/01/28 | &nbsp;&nbsp; 1115 | 1145526 |
| Healthpeak OP LLC |  |  |
| 2.13%, 12/01/28 | &nbsp;&nbsp; 810 | 770266 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 226 | 216189 |
| 3.50%, 07/15/29 | &nbsp;&nbsp; 65 | 63728 |
| Highwoods Realty LP |  |  |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 310 | 308052 |
| 4.20%, 04/15/29 | &nbsp;&nbsp; 20 | 19794 |
| Host Hotels & Resorts LP |  |  |
| Series H, 3.38%, 12/15/29 | &nbsp;&nbsp; 75 | 72653 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Series I, 3.50%, 09/15/30 | &nbsp;&nbsp; $540 | $517852 |
| Invitation Homes Operating Partnership LP, 2.30%, <br> 11/15/28<br>| &nbsp;&nbsp; 100 | 95135 |
| Kilroy Realty LP |  |  |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 5 | 4648 |
| 4.75%, 12/15/28 | &nbsp;&nbsp; 60 | 60291 |
| LXP Industrial Trust, 6.75%, 11/15/28 | &nbsp;&nbsp; 3 | 3178 |
| Omega Healthcare Investors, Inc. |  |  |
| 4.50%, 04/01/27 | &nbsp;&nbsp; 530 | 530917 |
| 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 285 | 287760 |
| 5.20%, 07/01/30 | &nbsp;&nbsp; 125 | 128120 |
| Piedmont Operating Partnership LP, 3.15%, <br> 08/15/30<br>| &nbsp;&nbsp; 250 | 232021 |
| Prologis LP |  |  |
| 1.75%, 07/01/30 | &nbsp;&nbsp; 1050 | 954768 |
| 2.13%, 04/15/27 | &nbsp;&nbsp; 75 | 73663 |
| 2.25%, 04/15/30 | &nbsp;&nbsp; 120 | 112361 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 700 | 695489 |
| 3.88%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 130 | 130065 |
| 4.00%, 09/15/28 | &nbsp;&nbsp; 148 | 148497 |
| 4.38%, 02/01/29 | &nbsp;&nbsp; 7 | 7093 |
| 4.88%, 06/15/28 | &nbsp;&nbsp; 824 | 843076 |
| Public Storage Operating Co. |  |  |
| 3.39%, 05/01/29 | &nbsp;&nbsp; 95 | 93775 |
| 5.13%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10362 |
| Realty Income Corp. |  |  |
| 3.40%, 01/15/28 | &nbsp;&nbsp; 260 | 257777 |
| 3.65%, 01/15/28 | &nbsp;&nbsp; 15 | 14950 |
| 3.95%, 02/01/29 | &nbsp;&nbsp; 175 | 175342 |
| 4.75%, 02/15/29 | &nbsp;&nbsp; 10 | 10227 |
| Simon Property Group LP |  |  |
| 1.75%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 780 | 751051 |
| 4.30%, 01/15/31 | &nbsp;&nbsp; 200 | 201166 |
| Store Capital LLC |  |  |
| 4.50%, 03/15/28 | &nbsp;&nbsp; 130 | 130547 |
| 4.63%, 03/15/29 | &nbsp;&nbsp; 10 | 10043 |
| 4.95%, 02/11/31<sup>(c)</sup> | &nbsp;&nbsp; 150 | 151370 |
| 5.40%, 04/30/30 | &nbsp;&nbsp; 105 | 107873 |
| Ventas Realty LP |  |  |
| 3.85%, 04/01/27 | &nbsp;&nbsp; 695 | 693896 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 35 | 34995 |
| 4.40%, 01/15/29 | &nbsp;&nbsp; 136 | 137302 |
| VICI Properties LP |  |  |
| 4.75%, 02/15/28 | &nbsp;&nbsp; 290 | 292732 |
| 4.75%, 04/01/28 | &nbsp;&nbsp; 50 | 50500 |
| Welltower OP LLC |  |  |
| 2.05%, 01/15/29 | &nbsp;&nbsp; 535 | 508602 |
| 3.10%, 01/15/30 | &nbsp;&nbsp; 85 | 82177 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 658 | 661673 |
| 4.25%, 04/15/28 | &nbsp;&nbsp; 685 | 690336 |
| 4.50%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 460 | 468060 |
| Weyerhaeuser Co. |  |  |
| 4.00%, 11/15/29 | &nbsp;&nbsp; 25 | 24884 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 585 | 580445 |
| 6.95%, 10/01/27 | &nbsp;&nbsp; 216 | 225834 |
|  |  | 59472139 |
| **Retail — 2.8%** | **Retail — 2.8%** | **Retail — 2.8%** |
| AutoNation, Inc. |  |  |
| 1.95%, 08/01/28 | &nbsp;&nbsp; 65 | 61882 |
| 3.80%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 85 | 84679 |
| 4.45%, 01/15/29 | &nbsp;&nbsp; 150 | 151068 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 4.75%, 06/01/30 | &nbsp;&nbsp; $565 | $573153 |
| Best Buy Co., Inc. |  |  |
| 1.95%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2040 | 1844039 |
| 4.45%, 10/01/28 | &nbsp;&nbsp; 4007 | 4050150 |
| Genuine Parts Co. |  |  |
| 1.88%, 11/01/30 | &nbsp;&nbsp; 1525 | 1346634 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 345 | 349455 |
| 6.50%, 11/01/28 | &nbsp;&nbsp; 45 | 47225 |
| Home Depot, Inc.(The) |  |  |
| 0.90%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 87 | 82423 |
| 1.50%, 09/15/28 | &nbsp;&nbsp; 977 | 926873 |
| 2.50%, 04/15/27 | &nbsp;&nbsp; 2543 | 2511335 |
| 2.70%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 800 | 764209 |
| 2.80%, 09/14/27 | &nbsp;&nbsp; 1084 | 1071086 |
| 2.88%, 04/15/27 | &nbsp;&nbsp; 868 | 860506 |
| 2.95%, 06/15/29 | &nbsp;&nbsp; 1207 | 1175209 |
| 3.75%, 09/15/28 | &nbsp;&nbsp; 160 | 160800 |
| 3.90%, 12/06/28 | &nbsp;&nbsp; 333 | 334712 |
| 3.95%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 195 | 195729 |
| 4.75%, 06/25/29 | &nbsp;&nbsp; 715 | 736131 |
| 4.88%, 06/25/27 | &nbsp;&nbsp; 65 | 65974 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 378 | 390147 |
| Lowe's Companies, Inc. |  |  |
| 1.30%, 04/15/28 | &nbsp;&nbsp; 327 | 310028 |
| 1.70%, 09/15/28 | &nbsp;&nbsp; 180 | 170469 |
| 3.10%, 05/03/27 | &nbsp;&nbsp; 1042 | 1032589 |
| 3.35%, 04/01/27 | &nbsp;&nbsp; 1871 | 1860281 |
| 3.65%, 04/05/29 | &nbsp;&nbsp; 689 | 683131 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 1250 | 1270852 |
| 6.50%, 03/15/29 | &nbsp;&nbsp; 75 | 80521 |
| Lowe's Cos., Inc. |  |  |
| 3.95%, 10/15/27 | &nbsp;&nbsp; 500 | 501587 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 500 | 501319 |
| McDonald's Corp. |  |  |
| 2.13%, 03/01/30 | &nbsp;&nbsp; 30 | 28003 |
| 2.63%, 09/01/29 | &nbsp;&nbsp; 5 | 4799 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 25 | 24904 |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 55 | 55027 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 175 | 179239 |
| 4.80%, 08/14/28 | &nbsp;&nbsp; 75 | 76726 |
| 5.00%, 05/17/29 | &nbsp;&nbsp; 30 | 31019 |
| Starbucks Corp. |  |  |
| 2.00%, 03/12/27 | &nbsp;&nbsp; 45 | 44194 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 50 | 49656 |
| 4.00%, 11/15/28 | &nbsp;&nbsp; 5 | 5013 |
| Target Corp. |  |  |
| 2.35%, 02/15/30 | &nbsp;&nbsp; 940 | 887345 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 5 | 4945 |
| Tractor Supply Co., 1.75%, 11/01/30 | &nbsp;&nbsp; 5235 | 4687368 |
|  |  | 30272434 |
| **Semiconductors — 3.2%** | **Semiconductors — 3.2%** | **Semiconductors — 3.2%** |
| Analog Devices, Inc., 4.50%, 06/15/30 | &nbsp;&nbsp; 1645 | 1681388 |
| Applied Materials, Inc. |  |  |
| 1.75%, 06/01/30 | &nbsp;&nbsp; 1250 | 1140047 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 355 | 353587 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 1400 | 1400293 |
| 4.80%, 06/15/29 | &nbsp;&nbsp; 2797 | 2880755 |
| Broadcom, Inc. |  |  |
| 4.00%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp; 125 | 125270 |
| 4.20%, 10/15/30 | &nbsp;&nbsp; 185 | 185898 |
| 4.30%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 225 | 226966 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 4.35%, 02/15/30 | &nbsp;&nbsp; $80 | $80986 |
| 4.60%, 07/15/30 | &nbsp;&nbsp; 650 | 664085 |
| 4.75%, 04/15/29 | &nbsp;&nbsp; 70 | 71602 |
| 5.00%, 04/15/30 | &nbsp;&nbsp; 15 | 15503 |
| 5.05%, 07/12/29 | &nbsp;&nbsp; 105 | 108570 |
| 5.05%, 04/15/30 | &nbsp;&nbsp; 935 | 969141 |
| Intel Corp. |  |  |
| 1.60%, 08/12/28 | &nbsp;&nbsp; 1835 | 1734701 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 518 | 488321 |
| 3.15%, 05/11/27 | &nbsp;&nbsp; 77 | 76243 |
| 3.75%, 03/25/27 | &nbsp;&nbsp; 464 | 463101 |
| 3.75%, 08/05/27 | &nbsp;&nbsp; 1148 | 1144152 |
| 3.90%, 03/25/30 | &nbsp;&nbsp; 390 | 385327 |
| 4.00%, 08/05/29 | &nbsp;&nbsp; 908 | 905536 |
| 4.88%, 02/10/28 | &nbsp;&nbsp; 598 | 607403 |
| 5.13%, 02/10/30 | &nbsp;&nbsp; 80 | 82493 |
| Lam Research Corp. |  |  |
| 1.90%, 06/15/30 | &nbsp;&nbsp; 95 | 87205 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 1926 | 1934531 |
| Marvell Technology, Inc. |  |  |
| 2.45%, 04/15/28 | &nbsp;&nbsp; 240 | 232334 |
| 4.75%, 07/15/30 | &nbsp;&nbsp; 205 | 209005 |
| 4.88%, 06/22/28<sup>(a)</sup> | &nbsp;&nbsp; 113 | 115072 |
| 5.75%, 02/15/29 | &nbsp;&nbsp; 370 | 386412 |
| NVIDIA Corp. |  |  |
| 1.55%, 06/15/28 | &nbsp;&nbsp; 1669 | 1593353 |
| 2.85%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1385 | 1332207 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 | &nbsp;&nbsp; 1355 | 1401946 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 3.15%, 05/01/27 | &nbsp;&nbsp; 480 | 475678 |
| 3.40%, 05/01/30 | &nbsp;&nbsp; 2105 | 2039597 |
| 4.30%, 08/19/28 | &nbsp;&nbsp; 150 | 150939 |
| 4.30%, 06/18/29 | &nbsp;&nbsp; 877 | 882182 |
| 4.40%, 06/01/27 | &nbsp;&nbsp; 880 | 884425 |
| QUALCOMM, Inc. |  |  |
| 3.25%, 05/20/27 | &nbsp;&nbsp; 45 | 44779 |
| 4.50%, 05/20/30 | &nbsp;&nbsp; 225 | 229416 |
| Texas Instruments, Inc. |  |  |
| 1.75%, 05/04/30 | &nbsp;&nbsp; 245 | 224988 |
| 2.25%, 09/04/29 | &nbsp;&nbsp; 1167 | 1109891 |
| 2.90%, 11/03/27<sup>(a)</sup> | &nbsp;&nbsp; 700 | 692509 |
| 4.50%, 05/23/30 | &nbsp;&nbsp; 225 | 229686 |
| 4.60%, 02/15/28 | &nbsp;&nbsp; 1985 | 2018604 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 1598 | 1637298 |
| TSMC Arizona Corp. |  |  |
| 3.88%, 04/22/27 | &nbsp;&nbsp; 1334 | 1334285 |
| 4.13%, 04/22/29 | &nbsp;&nbsp; 275 | 276836 |
|  |  | 35314546 |
| **Shipbuilding — 0.1%** | **Shipbuilding — 0.1%** | **Shipbuilding — 0.1%** |
| Huntington Ingalls Industries, Inc. |  |  |
| 2.04%, 08/16/28 | &nbsp;&nbsp; 540 | 515243 |
| 3.48%, 12/01/27 | &nbsp;&nbsp; 850 | 842621 |
| 5.35%, 01/15/30 | &nbsp;&nbsp; 100 | 103779 |
|  |  | 1461643 |
| **Software — 3.3%** | **Software — 3.3%** | **Software — 3.3%** |
| Adobe, Inc. |  |  |
| 2.30%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3000 | 2812588 |
| 4.80%, 04/04/29 | &nbsp;&nbsp; 462 | 474231 |
| 4.85%, 04/04/27 | &nbsp;&nbsp; 115 | 116313 |
| 4.95%, 01/17/30 | &nbsp;&nbsp; 285 | 294655 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Atlassian Corp., 5.25%, 05/15/29 | &nbsp;&nbsp; $220 | $223825 |
| Autodesk, Inc. |  |  |
| 2.85%, 01/15/30 | &nbsp;&nbsp; 3425 | 3263056 |
| 3.50%, 06/15/27 | &nbsp;&nbsp; 1850 | 1838929 |
| Broadridge Financial Solutions, Inc., 2.90%, <br> 12/01/29<br>| &nbsp;&nbsp; 1639 | 1551870 |
| Cadence Design Systems, Inc. |  |  |
| 4.20%, 09/10/27 | &nbsp;&nbsp; 3710 | 3727927 |
| 4.30%, 09/10/29 | &nbsp;&nbsp; 1455 | 1470756 |
| Concentrix Corp., 6.60%, 08/02/28<sup>(a)</sup> | &nbsp;&nbsp; 277 | 277985 |
| Fidelity National Information Services, Inc. |  |  |
| 1.65%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 270 | 257594 |
| 3.75%, 05/21/29 | &nbsp;&nbsp; 22 | 21686 |
| Intuit, Inc. |  |  |
| 1.35%, 07/15/27 | &nbsp;&nbsp; 275 | 266199 |
| 1.65%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2595 | 2342545 |
| 5.13%, 09/15/28 | &nbsp;&nbsp; 1250 | 1286290 |
| Oracle Corp. |  |  |
| 2.30%, 03/25/28 | &nbsp;&nbsp; 1445 | 1385243 |
| 2.80%, 04/01/27 | &nbsp;&nbsp; 2086 | 2054346 |
| 2.95%, 04/01/30 | &nbsp;&nbsp; 60 | 55816 |
| 3.25%, 11/15/27 | &nbsp;&nbsp; 418 | 410597 |
| 4.45%, 09/26/30 | &nbsp;&nbsp; 1510 | 1480034 |
| 4.50%, 05/06/28<sup>(a)</sup> | &nbsp;&nbsp; 370 | 371995 |
| 4.95%, 02/04/31 | &nbsp;&nbsp; 350 | 349266 |
| Roper Technologies, Inc. |  |  |
| 1.40%, 09/15/27 | &nbsp;&nbsp; 390 | 375296 |
| 4.45%, 09/15/30 | &nbsp;&nbsp; 175 | 175880 |
| Salesforce, Inc. |  |  |
| 1.50%, 07/15/28 | &nbsp;&nbsp; 45 | 42623 |
| 3.70%, 04/11/28 | &nbsp;&nbsp; 1061 | 1058223 |
| ServiceNow, Inc., 1.40%, 09/01/30 | &nbsp;&nbsp; 3600 | 3188549 |
| Synopsys, Inc. |  |  |
| 4.65%, 04/01/28 | &nbsp;&nbsp; 500 | 506379 |
| 4.85%, 04/01/30 | &nbsp;&nbsp; 2595 | 2657717 |
| Take-Two Interactive Software, Inc., 5.40%, <br> 06/12/29<br>| &nbsp;&nbsp; 100 | 103630 |
| Workday, Inc. |  |  |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 764 | 760026 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 522 | 513338 |
|  |  | 35715407 |
| **Telecommunications — 1.5%** | **Telecommunications — 1.5%** | **Telecommunications — 1.5%** |
| America Movil SAB de CV, 3.63%, 04/22/29 | &nbsp;&nbsp; 10 | 9863 |
| AT&T, Inc. |  |  |
| 1.65%, 02/01/28 | &nbsp;&nbsp; 1580 | 1514914 |
| 4.10%, 02/15/28 | &nbsp;&nbsp; 565 | 566667 |
| 4.25%, 03/01/27 | &nbsp;&nbsp; 5 | 5013 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 30 | 30334 |
| 4.70%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 575 | 589608 |
| British Telecommunications PLC, 5.13%, 12/04/28 | &nbsp;&nbsp; 1160 | 1190792 |
| Cisco Systems, Inc., 4.85%, 02/26/29 | &nbsp;&nbsp; 40 | 41196 |
| Juniper Networks, Inc., 3.75%, 08/15/29 | &nbsp;&nbsp; 320 | 314466 |
| Koninklijke KPN NV, 8.38%, 10/01/30 | &nbsp;&nbsp; 3635 | 4264587 |
| Motorola Solutions, Inc., 4.60%, 05/23/29 | &nbsp;&nbsp; 15 | 15227 |
| Nokia OYJ, 4.38%, 06/12/27 | &nbsp;&nbsp; 4570 | 4567133 |
| Rogers Communications, Inc., 5.00%, 02/15/29 | &nbsp;&nbsp; 220 | 224932 |
| TELUS Corp., 3.70%, 09/15/27 | &nbsp;&nbsp; 225 | 223717 |
| T-Mobile USA, Inc. |  |  |
| 2.05%, 02/15/28 | &nbsp;&nbsp; 625 | 603442 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 20 | 19244 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 10 | 9817 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 3.75%, 04/15/27 | &nbsp;&nbsp; $120 | $119855 |
| 4.85%, 01/15/29 | &nbsp;&nbsp; 15 | 15366 |
| Verizon Communications, Inc. |  |  |
| 2.10%, 03/22/28 | &nbsp;&nbsp; 1486 | 1434979 |
| 3.88%, 02/08/29 | &nbsp;&nbsp; 140 | 140099 |
| 4.33%, 09/21/28 | &nbsp;&nbsp; 778 | 786152 |
| Vodafone Group PLC, 4.38%, 05/30/28 | &nbsp;&nbsp; 35 | 35542 |
|  |  | 16722945 |
| **Toys, Games & Hobbies — 0.1%** | **Toys, Games & Hobbies — 0.1%** | **Toys, Games & Hobbies — 0.1%** |
| Hasbro, Inc., 3.50%, 09/15/27 | &nbsp;&nbsp; 590 | 585918 |
| **Transportation — 1.5%** | **Transportation — 1.5%** | **Transportation — 1.5%** |
| Canadian National Railway Co., 6.90%, 07/15/28 | &nbsp;&nbsp; 652 | 696937 |
| Canadian Pacific Railway Co. |  |  |
| 4.00%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10026 |
| 4.80%, 03/30/30<sup>(a)</sup> | &nbsp;&nbsp; 300 | 308621 |
| CH Robinson Worldwide, Inc., 4.20%, 04/15/28 | &nbsp;&nbsp; 3443 | 3452262 |
| CSX Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 235 | 221765 |
| 3.25%, 06/01/27 | &nbsp;&nbsp; 45 | 44719 |
| 3.80%, 03/01/28 | &nbsp;&nbsp; 190 | 190134 |
| 4.25%, 03/15/29 | &nbsp;&nbsp; 175 | 177209 |
| GXO Logistics, Inc., 6.25%, 05/06/29 | &nbsp;&nbsp; 476 | 503025 |
| JB Hunt Transport Services, Inc., 4.90%, 03/15/30 | &nbsp;&nbsp; 870 | 894391 |
| Norfolk Southern Corp. |  |  |
| 3.15%, 06/01/27 | &nbsp;&nbsp; 25 | 24791 |
| 3.80%, 08/01/28 | &nbsp;&nbsp; 10 | 9995 |
| Ryder System, Inc. |  |  |
| 2.85%, 03/01/27 | &nbsp;&nbsp; 165 | 163375 |
| 4.30%, 06/15/27 | &nbsp;&nbsp; 460 | 461903 |
| 4.30%, 12/01/30 | &nbsp;&nbsp; 2120 | 2128302 |
| 4.85%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 790 | 811127 |
| 4.90%, 12/01/29 | &nbsp;&nbsp; 165 | 169489 |
| 4.95%, 09/01/29 | &nbsp;&nbsp; 739 | 758262 |
| 5.00%, 03/15/30 | &nbsp;&nbsp; 625 | 643568 |
| 5.25%, 06/01/28 | &nbsp;&nbsp; 205 | 210648 |
| 5.30%, 03/15/27<sup>(a)</sup> | &nbsp;&nbsp; 165 | 167161 |
| 5.38%, 03/15/29 | &nbsp;&nbsp; 1547 | 1604265 |
| 5.50%, 06/01/29 | &nbsp;&nbsp; 677 | 705555 |
| 5.65%, 03/01/28 | &nbsp;&nbsp; 155 | 159741 |
| 6.30%, 12/01/28 | &nbsp;&nbsp; 605 | 640239 |
| Union Pacific Corp. |  |  |
| 2.40%, 02/05/30<sup>(a)</sup> | &nbsp;&nbsp; 1080 | 1021437 |
| 3.00%, 04/15/27 | &nbsp;&nbsp; 30 | 29789 |
| 3.70%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 150 | 149567 |
| 3.95%, 09/10/28<sup>(a)</sup> | &nbsp;&nbsp; 240 | 241046 |
| 6.63%, 02/01/29 | &nbsp;&nbsp; 235 | 254230 |
|  |  | 16853579 |
| **Trucking & Leasing — 0.4%** | **Trucking & Leasing — 0.4%** | **Trucking & Leasing — 0.4%** |
| GATX Corp. |  |  |
| 3.50%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1790 | 1771277 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Trucking & Leasing (continued)** | **Trucking & Leasing (continued)** | **Trucking & Leasing (continued)** |
| 3.85%, 03/30/27 | &nbsp;&nbsp; $55 | $54902 |
| 4.55%, 11/07/28<sup>(a)</sup> | &nbsp;&nbsp; 231 | 233990 |
| 4.70%, 04/01/29 | &nbsp;&nbsp; 1677 | 1706964 |
| 5.40%, 03/15/27 | &nbsp;&nbsp; 55 | 55785 |
|  |  | 3822918 |
| **Venture Capital — 0.0%** | **Venture Capital — 0.0%** | **Venture Capital — 0.0%** |
| Hercules Capital, Inc., 6.00%, 06/16/30<sup>(a)</sup> | &nbsp;&nbsp; 130 | 129474 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| 2.95%, 09/01/27 | &nbsp;&nbsp; 26 | 25697 |
| 3.75%, 09/01/28 | &nbsp;&nbsp; 500 | 499401 |
| Essential Utilities, Inc. |  |  |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 20 | 18920 |
| 3.57%, 05/01/29 | &nbsp;&nbsp; 285 | 280821 |
| 4.80%, 08/15/27 | &nbsp;&nbsp; 175 | 176948 |
| United Utilities PLC, 6.88%, 08/15/28 | &nbsp;&nbsp; 10 | 10640 |
|  |  | 1012427 |
| **Total Long-Term Investments — 98.4%** <br>**(Cost: $1,054,701,017)** | **Total Long-Term Investments — 98.4%** <br>**(Cost: $1,054,701,017)** | 1074436077 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 4.9%** | **Money Market Funds — 4.9%** | **Money Market Funds — 4.9%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(d)(e)(f)</sup><br>| &nbsp;&nbsp; 51635840 | 51661658 |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(d)(e)</sup><br>| &nbsp;&nbsp; 2370000 | 2370000 |
| **Total Short-Term Securities — 4.9%** <br>**(Cost: $54,015,347)** | **Total Short-Term Securities — 4.9%** <br>**(Cost: $54,015,347)** | 54031658 |
| **Total Investments — 103.3%** <br>**(Cost: $1,108,716,364)** | **Total Investments — 103.3%** <br>**(Cost: $1,108,716,364)** | 1128467735 |
| **Liabilities in Excess of Other Assets — (3.3)%** | **Liabilities in Excess of Other Assets — (3.3)%** | (36181282)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1092286453 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

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

<sup>(c)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(d)</sup> Affiliate of the Fund.

<sup>(e)</sup> Annualized 7-day yield as of period end.

<sup>(f)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware 1-5 Year USD Corporate Bond ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $53277598 | $—<br> $(1617680 )<sup>(a)</sup><br>| $1230 | $510 | $51661658 | 51635840 | $116776 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| 3130000 | —<br> (760000 )<sup>(a)</sup><br>|  |  | 2370000 | 2370000 | 158182 |  |
|  |  |  | $1230 | $510 | $54031658 |  | $274958 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1074436077 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1074436077 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 54031658 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 54031658 |
|  | &nbsp;&nbsp; $54031658 | &nbsp;&nbsp; $1074436077 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1128467735 |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| American Express Credit Account Master Trust |  |  |
| 4.51%, 04/15/32 | &nbsp;&nbsp; $100 | $102912 |
| 4.30%, 07/15/30 | &nbsp;&nbsp; 1000 | 1015169 |
| AmeriCredit Automobile Receivables Trust, 5.38%, <br> 06/18/29<br>| &nbsp;&nbsp; 1130 | 1149588 |
| BA Credit Card Trust, 4.31%, 05/15/30 | &nbsp;&nbsp; 1250 | 1267906 |
| Capital One Multi-Asset Execution Trust, 3.82%, <br> 09/15/30<br>| &nbsp;&nbsp; 500 | 502329 |
| CarMax Auto Owner Trust, 4.47%, 01/15/31 | &nbsp;&nbsp; 400 | 407033 |
| Citibank Credit Card Issuance Trust |  |  |
| 6.15%, 06/15/39 | &nbsp;&nbsp; 100 | 113842 |
| 4.49%, 06/21/32 | &nbsp;&nbsp; 940 | 964601 |
| Ford Credit Auto Lease Trust, 4.23%, 12/15/28 | &nbsp;&nbsp; 500 | 503220 |
| Ford Credit Floorplan Master Owner Trust A, <br> 4.06%, 09/15/30<br>| &nbsp;&nbsp; 250 | 252017 |
| GM Financial Consumer Automobile Receivables <br> Trust, 5.28%, 10/16/29<br>| &nbsp;&nbsp; 850 | 870532 |
| Honda Auto Receivables Owner Trust, 3.98%, <br> 06/17/30<br>| &nbsp;&nbsp; 2250 | 2265396 |
| Hyundai Auto Receivables Trust |  |  |
| 4.32%, 10/15/29 | &nbsp;&nbsp; 1000 | 1007171 |
| 4.40%, 04/15/31 | &nbsp;&nbsp; 500 | 506994 |
| John Deere Owner Trust, 4.06%, 06/15/29 | &nbsp;&nbsp; 1430 | 1435060 |
| Mercedes-Benz Auto Lease Trust, 4.69%, <br> 02/18/31<br>| &nbsp;&nbsp; 400 | 407332 |
| Synchrony Card Funding LLC, 4.49%, 05/15/31 | &nbsp;&nbsp; 300 | 304399 |
| Toyota Auto Receivables Owner Trust, 4.34%, <br> 11/15/29<br>| &nbsp;&nbsp; 100 | 100974 |
| Verizon Master Trust, 4.17%, 08/20/30 | &nbsp;&nbsp; 1200 | 1205514 |
| Volkswagen Auto Lease Trust |  |  |
| 4.50%, 06/20/28 | &nbsp;&nbsp; 250 | 252412 |
| 4.01%, 01/22/29 | &nbsp;&nbsp; 200 | 200648 |
| WF Card Issuance Trust, 4.29%, 10/15/29 | &nbsp;&nbsp; 1100 | 1110698 |
| World Omni Auto Receivables Trust, 4.34%, <br> 09/16/30<br>| &nbsp;&nbsp; 500 | 504905 |
| **Total Asset-Backed Securities — 0.3%** <br>**(Cost: $16,303,205)** | **Total Asset-Backed Securities — 0.3%** <br>**(Cost: $16,303,205)** | 16450652 |
| **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** |
| **Mortgage-Backed Securities — 1.0%** | **Mortgage-Backed Securities — 1.0%** | **Mortgage-Backed Securities — 1.0%** |
| Bank |  |  |
| 3.35%, 01/15/63<sup>(a)</sup> | &nbsp;&nbsp; 200 | 177675 |
| Series 2017-BNK5, Class A4, 3.13%, 06/15/60 | &nbsp;&nbsp; 800 | 790694 |
| Bank5 |  |  |
| 5.28%, 08/15/63 | &nbsp;&nbsp; 500 | 520790 |
| 5.88%, 08/15/57 | &nbsp;&nbsp; 500 | 525803 |
| 6.50%, 12/15/56 | &nbsp;&nbsp; 433 | 455867 |
| BBCMS Mortgage Trust |  |  |
| 2.69%, 11/15/54 | &nbsp;&nbsp; 1000 | 910965 |
| 5.02%, 09/15/58 | &nbsp;&nbsp; 500 | 516168 |
| 5.12%, 09/15/57 | &nbsp;&nbsp; 500 | 518039 |
| 5.48%, 11/15/58 | &nbsp;&nbsp; 400 | 416170 |
| 5.72%, 02/15/62 | &nbsp;&nbsp; 500 | 539790 |
| 5.83%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp; 250 | 267426 |
| 6.00%, 09/15/56<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2179993 |
| 6.12%, 12/15/55<sup>(a)</sup> | &nbsp;&nbsp; 100 | 108901 |
| 6.30%, 09/15/56<sup>(a)</sup> | &nbsp;&nbsp; 500 | 531737 |
| Series 2018-C2, Class A5, 4.31%, 12/15/51 | &nbsp;&nbsp; 500 | 501784 |
| Series 2020-C7, Class A5, 2.04%, 04/15/53 | &nbsp;&nbsp; 296 | 270961 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| BBCMS Trust, 2.27%, 07/15/54 | &nbsp;&nbsp; $250 | $238472 |
| Benchmark Mortgage Trust |  |  |
| 1.93%, 07/15/53 | &nbsp;&nbsp; 500 | 450959 |
| 2.53%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 250 | 207810 |
| 3.93%, 03/15/52 | &nbsp;&nbsp; 851 | 847485 |
| 5.33%, 02/15/58 | &nbsp;&nbsp; 500 | 509226 |
| 5.36%, 05/15/55 | &nbsp;&nbsp; 250 | 255181 |
| 6.06%, 08/15/57<sup>(a)</sup> | &nbsp;&nbsp; 500 | 525532 |
| 6.09%, 04/15/57<sup>(a)</sup> | &nbsp;&nbsp; 250 | 264265 |
| 6.79%, 03/15/57 | &nbsp;&nbsp; 500 | 527457 |
| Series 2018-B4, Class ASB, 4.06%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 119 | 118780 |
| Series 2018-B6, Class AAB, 4.17%, 10/10/51 | &nbsp;&nbsp; 123 | 123144 |
| Series 2019-B11, Class A4, 3.28%, 05/15/52 | &nbsp;&nbsp; 93 | 91156 |
| Series 2020-B21, Class A4, 1.70%, 12/17/53 | &nbsp;&nbsp; 1200 | 1094875 |
| Series 2020-B21, Class A5, 1.98%, 12/17/53 | &nbsp;&nbsp; 800 | 722238 |
| BMO Mortgage Trust |  |  |
| 4.79%, 07/15/54<sup>(a)</sup> | &nbsp;&nbsp; 486 | 488283 |
| 5.58%, 05/15/58 | &nbsp;&nbsp; 200 | 209900 |
| 5.74%, 02/15/57 | &nbsp;&nbsp; 1000 | 1039832 |
| 5.88%, 09/15/57<sup>(a)</sup> | &nbsp;&nbsp; 200 | 199959 |
| 5.89%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp; 303 | 314564 |
| 6.20%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp; 928 | 973428 |
| CD Mortgage Trust |  |  |
| 3.35%, 11/10/49 | &nbsp;&nbsp; 259 | 258469 |
| 3.91%, 11/13/50<sup>(a)</sup> | &nbsp;&nbsp; 100 | 96316 |
| Citigroup Commercial Mortgage Trust |  |  |
| 3.92%, 12/15/72<sup>(a)</sup> | &nbsp;&nbsp; 200 | 183978 |
| Series 2019-C7, Class A4, 3.10%, 12/15/72 | &nbsp;&nbsp; 500 | 481582 |
| CSAIL Commercial Mortgage Trust |  |  |
| 4.05%, 03/15/52 | &nbsp;&nbsp; 200 | 198226 |
| 4.45%, 04/15/51<sup>(a)</sup> | &nbsp;&nbsp; 400 | 391418 |
| Series 2016-C7, Class AS, 3.96%, 11/15/49<sup>(a)</sup> | &nbsp;&nbsp; 250 | 246348 |
| Federal Home Loan Mortgage Corp. |  |  |
| 4.40%, 06/25/35<sup>(a)</sup> | &nbsp;&nbsp; 1360 | 1379554 |
| 4.94%, 11/25/30<sup>(a)</sup> | &nbsp;&nbsp; 500 | 522917 |
| Federal Home Loan Mortgage Corp. Multifamily <br> Structured Pass-Through Certificates<br>|  |  |
| 3.00%, 09/25/29 | &nbsp;&nbsp; 1000 | 978415 |
| 3.78%, 11/25/32<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 1976043 |
| 4.43%, 02/25/33<sup>(a)</sup> | &nbsp;&nbsp; 2400 | 2459174 |
| 4.57%, 12/25/28 | &nbsp;&nbsp; 400 | 407696 |
| 4.65%, 08/25/28<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1018633 |
| 4.76%, 10/25/34 | &nbsp;&nbsp; 900 | 938783 |
| 5.40%, 01/25/29 | &nbsp;&nbsp; 5000 | 5211397 |
| 5.40%, 01/25/29 | &nbsp;&nbsp; 1000 | 1040784 |
| Federal National Mortgage Association-ACES |  |  |
| 1.32%, 05/25/30 | &nbsp;&nbsp; 243 | 222779 |
| 2.40%, 11/25/31 | &nbsp;&nbsp; 500 | 463722 |
| Freddie Mac Multifamily Structured Pass Through <br> Certificates, 4.66%, 12/25/34<sup>(a)</sup><br>| &nbsp;&nbsp; 500 | 517781 |
| JPMCC Commercial Mortgage Securities Trust, <br> 3.28%, 07/15/50<br>| &nbsp;&nbsp; 294 | 292249 |
| Morgan Stanley BAML Trust, 5.64%, 03/15/58 | &nbsp;&nbsp; 185 | 194684 |
| Morgan Stanley Capital I Trust, 2.75%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 890230 |
| MSWF Commercial Mortgage Trust, 5.75%, <br> 05/15/56<br>| &nbsp;&nbsp; 2000 | 2150702 |
| UBS Commercial Mortgage Trust |  |  |
| 4.03%, 08/15/51 | &nbsp;&nbsp; 2000 | 1994372 |
| 4.67%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 250 | 246591 |
| Series 2018-C12, Class ASB, 4.19%, 08/15/51 | &nbsp;&nbsp; 183 | 182415 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| Wells Fargo Commercial Mortgage Trust |  |  |
| 4.15%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; $500 | $495419 |
| 5.92%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp; 500 | 528148 |
| 6.23%, 01/15/58<sup>(a)</sup> | &nbsp;&nbsp; 500 | 517029 |
| Class A4, 2.34%, 08/15/54 | &nbsp;&nbsp; 460 | 417873 |
| Class ASB, 4.17%, 05/15/51 | &nbsp;&nbsp; 423 | 422521 |
| Series 2018-C46, Class AS, 4.38%, 08/15/51 | &nbsp;&nbsp; 250 | 247049 |
| Series 2019-C51, Class A4, 3.31%, 06/15/52 | &nbsp;&nbsp; 2000 | 1931814 |
| Series 2019-C54, Class A4, 3.15%, 12/15/52 | &nbsp;&nbsp; 1000 | 964508 |
| Series 2020-C56, Class A5, 2.45%, 06/15/53 | &nbsp;&nbsp; 130 | 121942 |
|  |  | 49026870 |
| **Total Collateralized Mortgage Obligations — 1.0%** <br>**(Cost: $48,737,731)** | **Total Collateralized Mortgage Obligations — 1.0%** <br>**(Cost: $48,737,731)** | 49026870 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** |
| Embraer Netherlands Finance BV, 5.98%, <br> 02/11/35<br>| &nbsp;&nbsp; 10 | 10732 |
| Howmet Aerospace, Inc., 5.95%, 02/01/37 | &nbsp;&nbsp; 45 | 49123 |
| L3Harris Technologies, Inc., 5.50%, 08/15/54 | &nbsp;&nbsp; 55 | 54577 |
| Northrop Grumman Corp. |  |  |
| 4.90%, 06/01/34 | &nbsp;&nbsp; 620 | 636303 |
| 4.95%, 03/15/53 | &nbsp;&nbsp; 360 | 331031 |
| 5.20%, 06/01/54<sup>(b)</sup> | &nbsp;&nbsp; 595 | 567207 |
| RTX Corp. |  |  |
| 1.90%, 09/01/31 | &nbsp;&nbsp; 45 | 40027 |
| 2.25%, 07/01/30 | &nbsp;&nbsp; 699 | 651369 |
| 2.38%, 03/15/32 | &nbsp;&nbsp; 35 | 31553 |
| 3.13%, 07/01/50 | &nbsp;&nbsp; 246 | 169039 |
| 3.75%, 11/01/46 | &nbsp;&nbsp; 257 | 203645 |
| 4.05%, 05/04/47 | &nbsp;&nbsp; 292 | 241350 |
| 4.15%, 05/15/45 | &nbsp;&nbsp; 255 | 217199 |
| 4.35%, 04/15/47 | &nbsp;&nbsp; 337 | 291667 |
| 4.45%, 11/16/38 | &nbsp;&nbsp; 350 | 333293 |
| 4.50%, 06/01/42 | &nbsp;&nbsp; 520 | 478066 |
| 4.63%, 11/16/48 | &nbsp;&nbsp; 259 | 230752 |
| 4.70%, 12/15/41 | &nbsp;&nbsp; 122 | 115991 |
| 4.80%, 12/15/43 | &nbsp;&nbsp; 200 | 187541 |
| 4.88%, 10/15/40 | &nbsp;&nbsp; 205 | 201547 |
| 5.38%, 02/27/53 | &nbsp;&nbsp; 95 | 92677 |
| 5.40%, 05/01/35 | &nbsp;&nbsp; 145 | 154465 |
| 5.70%, 04/15/40 | &nbsp;&nbsp; 120 | 127549 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 20 | 21688 |
| 6.05%, 06/01/36 | &nbsp;&nbsp; 100 | 110925 |
| 6.10%, 03/15/34 | &nbsp;&nbsp; 35 | 38680 |
| 6.13%, 07/15/38 | &nbsp;&nbsp; 270 | 299743 |
| 6.40%, 03/15/54 | &nbsp;&nbsp; 75 | 83853 |
| 7.50%, 09/15/29 | &nbsp;&nbsp; 45 | 50275 |
|  |  | 6021867 |
| **Agriculture — 0.2%** | **Agriculture — 0.2%** | **Agriculture — 0.2%** |
| Archer-Daniels-Midland Co. |  |  |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 185 | 115849 |
| 2.90%, 03/01/32 | &nbsp;&nbsp; 50 | 46486 |
| 3.25%, 03/27/30 | &nbsp;&nbsp; 328 | 319116 |
| 3.75%, 09/15/47 | &nbsp;&nbsp; 174 | 139221 |
| 4.02%, 04/16/43 | &nbsp;&nbsp; 43 | 36990 |
| 4.50%, 08/15/33 | &nbsp;&nbsp; 165 | 166846 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 95 | 83400 |
| 4.54%, 03/26/42 | &nbsp;&nbsp; 102 | 94527 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| 5.38%, 09/15/35 | &nbsp;&nbsp; $60 | $63898 |
| 5.94%, 10/01/32 | &nbsp;&nbsp; 267 | 292399 |
| Bunge Ltd. Finance Corp. |  |  |
| 2.75%, 05/14/31 | &nbsp;&nbsp; 1920 | 1786509 |
| 3.75%, 09/25/27 | &nbsp;&nbsp; 1004 | 1001708 |
| 4.10%, 01/07/28 | &nbsp;&nbsp; 510 | 512478 |
| 4.20%, 09/17/29 | &nbsp;&nbsp; 900 | 905624 |
| 4.55%, 08/04/30 | &nbsp;&nbsp; 100 | 101596 |
| 4.65%, 09/17/34 | &nbsp;&nbsp; 125 | 124339 |
| 5.15%, 08/04/35 | &nbsp;&nbsp; 1125 | 1153284 |
|  |  | 6944270 |
| **Apparel — 0.0%** | **Apparel — 0.0%** | **Apparel — 0.0%** |
| Tapestry, Inc. |  |  |
| 4.13%, 07/15/27 | &nbsp;&nbsp; 92 | 92036 |
| 5.10%, 03/11/30 | &nbsp;&nbsp; 25 | 25791 |
| 5.50%, 03/11/35 | &nbsp;&nbsp; 500 | 518386 |
|  |  | 636213 |
| **Auto Manufacturers — 0.3%** | **Auto Manufacturers — 0.3%** | **Auto Manufacturers — 0.3%** |
| American Honda Finance Corp. |  |  |
| 1.80%, 01/13/31 | &nbsp;&nbsp; 580 | 518520 |
| 2.00%, 03/24/28 | &nbsp;&nbsp; 330 | 317738 |
| 2.25%, 01/12/29 | &nbsp;&nbsp; 580 | 553688 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 50 | 49669 |
| 4.45%, 10/22/27 | &nbsp;&nbsp; 145 | 146368 |
| 4.60%, 04/17/30 | &nbsp;&nbsp; 115 | 116986 |
| 4.70%, 01/12/28 | &nbsp;&nbsp; 30 | 30450 |
| 4.85%, 10/23/31 | &nbsp;&nbsp; 60 | 61662 |
| 4.90%, 07/09/27 | &nbsp;&nbsp; 100 | 101365 |
| 4.90%, 01/10/34 | &nbsp;&nbsp; 330 | 335115 |
| 5.05%, 07/10/31 | &nbsp;&nbsp; 10 | 10361 |
| Cummins, Inc. |  |  |
| 1.50%, 09/01/30 | &nbsp;&nbsp; 1314 | 1185863 |
| 2.60%, 09/01/50 | &nbsp;&nbsp; 590 | 366964 |
| 4.25%, 05/09/28 | &nbsp;&nbsp; 50 | 50535 |
| 4.70%, 02/15/31 | &nbsp;&nbsp; 100 | 102892 |
| 4.88%, 10/01/43 | &nbsp;&nbsp; 545 | 529335 |
| 4.90%, 02/20/29 | &nbsp;&nbsp; 260 | 268230 |
| 5.15%, 02/20/34 | &nbsp;&nbsp; 1345 | 1404098 |
| 5.30%, 05/09/35 | &nbsp;&nbsp; 100 | 105244 |
| 5.45%, 02/20/54 | &nbsp;&nbsp; 3565 | 3557587 |
| General Motors Co. |  |  |
| 5.00%, 04/01/35<sup>(b)</sup> | &nbsp;&nbsp; 145 | 143953 |
| 5.15%, 04/01/38 | &nbsp;&nbsp; 165 | 160767 |
| 5.20%, 04/01/45 | &nbsp;&nbsp; 294 | 267929 |
| 5.40%, 04/01/48<sup>(b)</sup> | &nbsp;&nbsp; 220 | 202733 |
| 5.95%, 04/01/49 | &nbsp;&nbsp; 210 | 206809 |
| 6.25%, 10/02/43 | &nbsp;&nbsp; 265 | 271865 |
| 6.60%, 04/01/36 | &nbsp;&nbsp; 276 | 302819 |
| 6.75%, 04/01/46 | &nbsp;&nbsp; 189 | 204279 |
| General Motors Financial Co., Inc. |  |  |
| 2.35%, 01/08/31 | &nbsp;&nbsp; 290 | 263862 |
| 2.40%, 10/15/28 | &nbsp;&nbsp; 50 | 47890 |
| 2.70%, 06/10/31 | &nbsp;&nbsp; 345 | 316758 |
| 3.10%, 01/12/32 | &nbsp;&nbsp; 220 | 203345 |
| 3.60%, 06/21/30 | &nbsp;&nbsp; 135 | 131169 |
| 4.30%, 04/06/29 | &nbsp;&nbsp; 235 | 236051 |
| 4.60%, 01/08/31 | &nbsp;&nbsp; 35 | 35322 |
| 5.45%, 09/06/34 | &nbsp;&nbsp; 5 | 5134 |
| 5.65%, 01/17/29 | &nbsp;&nbsp; 50 | 51845 |
| 5.85%, 04/06/30 | &nbsp;&nbsp; 25 | 26401 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 5.90%, 01/07/35 | &nbsp;&nbsp; $10 | $10508 |
| 5.95%, 04/04/34 | &nbsp;&nbsp; 5 | 5306 |
| 6.40%, 01/09/33 | &nbsp;&nbsp; 395 | 429871 |
| Honda Motor Co. Ltd., 2.97%, 03/10/32 | &nbsp;&nbsp; 250 | 231580 |
| Mercedes-Benz Finance North America LLC, <br> 8.50%, 01/18/31<br>| &nbsp;&nbsp; 332 | 394088 |
|  |  | 13962954 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.10%, 12/01/51 | &nbsp;&nbsp; 714 | 465246 |
| 3.25%, 03/01/32 | &nbsp;&nbsp; 255 | 241149 |
| 4.15%, 05/01/52 | &nbsp;&nbsp; 365 | 283501 |
| 4.40%, 10/01/46 | &nbsp;&nbsp; 79 | 65891 |
| 5.40%, 03/15/49 | &nbsp;&nbsp; 137 | 128805 |
| 5.75%, 09/13/54 | &nbsp;&nbsp; 225 | 219022 |
| BorgWarner, Inc. |  |  |
| 4.38%, 03/15/45 | &nbsp;&nbsp; 146 | 124364 |
| 5.40%, 08/15/34<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36359 |
| Lear Corp. |  |  |
| 3.50%, 05/30/30 | &nbsp;&nbsp; 199 | 193010 |
| 3.55%, 01/15/52 | &nbsp;&nbsp; 155 | 108149 |
| 3.80%, 09/15/27 | &nbsp;&nbsp; 146 | 145681 |
| 4.25%, 05/15/29 | &nbsp;&nbsp; 447 | 446969 |
| 5.25%, 05/15/49<sup>(b)</sup> | &nbsp;&nbsp; 167 | 154190 |
|  |  | 2612336 |
| **Banks — 5.1%** | **Banks — 5.1%** | **Banks — 5.1%** |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| 4.15%, 03/03/29 | &nbsp;&nbsp; 200 | 199997 |
| 5.13%, 03/03/36 | &nbsp;&nbsp; 200 | 198820 |
| 6.03%, 03/13/35, (1-year CMT + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 300 | 320819 |
| 7.88%, 11/15/34, (1-year CMT + 3.30%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | 52451 |
| Banco Santander SA |  |  |
| 2.75%, 12/03/30 | &nbsp;&nbsp; 245 | 225340 |
| 2.96%, 03/25/31 | &nbsp;&nbsp; 430 | 401872 |
| 3.23%, 11/22/32, (1-year CMT + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 245 | 225761 |
| 3.31%, 06/27/29 | &nbsp;&nbsp; 85 | 83004 |
| 3.49%, 05/28/30 | &nbsp;&nbsp; 20 | 19417 |
| 3.80%, 02/23/28 | &nbsp;&nbsp; 130 | 129473 |
| 4.18%, 03/24/28, (1-year CMT + 2.00%)<sup>(a)</sup> | &nbsp;&nbsp; 845 | 845418 |
| 4.25%, 04/11/27 | &nbsp;&nbsp; 20 | 20036 |
| 4.38%, 04/12/28 | &nbsp;&nbsp; 600 | 603509 |
| 4.55%, 11/06/30 | &nbsp;&nbsp; 200 | 201575 |
| 5.13%, 11/06/35 | &nbsp;&nbsp; 200 | 201120 |
| 5.54%, 03/14/30, (1-year CMT + 1.45%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 67471 |
| 6.03%, 01/17/35 | &nbsp;&nbsp; 60 | 64623 |
| 6.35%, 03/14/34 | &nbsp;&nbsp; 400 | 431814 |
| 6.61%, 11/07/28 | &nbsp;&nbsp; 45 | 47912 |
| 6.92%, 08/08/33 | &nbsp;&nbsp; 480 | 533105 |
| 6.94%, 11/07/33 | &nbsp;&nbsp; 105 | 121000 |
| Bank of America Corp. |  |  |
| 1.90%, 07/23/31, (1-day SOFR + 1.53%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 108842 |
| 1.92%, 10/24/31, (1-day SOFR + 1.37%)<sup>(a)</sup> | &nbsp;&nbsp; 420 | 378566 |
| 2.09%, 06/14/29, (1-day SOFR + 1.06%)<sup>(a)</sup> | &nbsp;&nbsp; 285 | 273000 |
| 2.30%, 07/21/32, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 260 | 234341 |
| 2.48%, 09/21/36, (5-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 540 | 477064 |
| 2.50%, 02/13/31, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(a)</sup><br>| &nbsp;&nbsp; 453 | 425275 |
| 2.57%, 10/20/32, (1-day SOFR + 1.21%)<sup>(a)</sup> | &nbsp;&nbsp; 220 | 200200 |
| 2.59%, 04/29/31, (1-day SOFR + 2.15%)<sup>(a)</sup> | &nbsp;&nbsp; 364 | 341999 |
| 2.68%, 06/19/41, (1-day SOFR + 1.93%)<sup>(a)</sup> | &nbsp;&nbsp; 235 | 174500 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.69%, 04/22/32, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; $485 | $449220 |
| 2.83%, 10/24/51, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 394 | 254196 |
| 2.88%, 10/22/30, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)</sup><br>| &nbsp;&nbsp; 113 | 108238 |
| 2.97%, 02/04/33, (1-day SOFR + 1.33%)<sup>(a)</sup> | &nbsp;&nbsp; 547 | 505345 |
| 2.97%, 07/21/52, (1-day SOFR + 1.56%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 652 | 430728 |
| 3.19%, 07/23/30, (3-mo. CME Term SOFR + <br> 1.44%)<sup>(a)</sup><br>| &nbsp;&nbsp; 240 | 233278 |
| 3.31%, 04/22/42, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 295 | 234491 |
| 3.42%, 12/20/28, (3-mo. CME Term SOFR + <br> 1.30%)<sup>(a)</sup><br>| &nbsp;&nbsp; 560 | 554287 |
| 3.59%, 07/21/28, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(a)</sup><br>| &nbsp;&nbsp; 185 | 183919 |
| 3.71%, 04/24/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(a)</sup><br>| &nbsp;&nbsp; 100 | 99670 |
| 3.85%, 03/08/37, (5-year CMT + 2.00%)<sup>(a)</sup> | &nbsp;&nbsp; 445 | 421056 |
| 3.95%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)</sup><br>| &nbsp;&nbsp; 246 | 198129 |
| 3.97%, 03/05/29, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(a)</sup><br>| &nbsp;&nbsp; 365 | 364736 |
| 3.97%, 02/07/30, (3-mo. CME Term SOFR + <br> 1.47%)<sup>(a)</sup><br>| &nbsp;&nbsp; 311 | 310520 |
| 4.08%, 04/23/40, (3-mo. CME Term SOFR + <br> 1.58%)<sup>(a)</sup><br>| &nbsp;&nbsp; 165 | 148305 |
| 4.08%, 03/20/51, (3-mo. CME Term SOFR + <br> 3.41%)<sup>(a)</sup><br>| &nbsp;&nbsp; 1186 | 961428 |
| 4.24%, 04/24/38, (3-mo. CME Term SOFR + <br> 2.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; 755 | 706963 |
| 4.27%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(a)</sup><br>| &nbsp;&nbsp; 445 | 447445 |
| 4.33%, 03/15/50, (3-mo. CME Term SOFR + <br> 1.78%)<sup>(a)</sup><br>| &nbsp;&nbsp; 583 | 494331 |
| 4.38%, 04/27/28, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 145 | 145634 |
| 4.44%, 01/20/48, (3-mo. CME Term SOFR + <br> 2.25%)<sup>(a)</sup><br>| &nbsp;&nbsp; 695 | 609271 |
| 4.57%, 04/27/33, (1-day SOFR + 1.83%)<sup>(a)</sup> | &nbsp;&nbsp; 930 | 934257 |
| 4.88%, 04/01/44 | &nbsp;&nbsp; 411 | 396550 |
| 4.95%, 07/22/28, (1-day SOFR + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 225 | 227781 |
| 5.00%, 01/21/44 | &nbsp;&nbsp; 568 | 551903 |
| 5.02%, 07/22/33, (1-day SOFR + 2.16%)<sup>(a)</sup> | &nbsp;&nbsp; 920 | 945874 |
| 5.20%, 04/25/29, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 330 | 338080 |
| 5.29%, 04/25/34, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 950 | 986266 |
| 5.43%, 08/15/35, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | 81905 |
| 5.47%, 01/23/35, (1-day SOFR + 1.65%)<sup>(a)</sup> | &nbsp;&nbsp; 305 | 319650 |
| 5.52%, 10/25/35, (1-day SOFR + 1.74%)<sup>(a)</sup> | &nbsp;&nbsp; 235 | 241312 |
| 5.74%, 02/12/36, (1-day SOFR + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | 47022 |
| 5.87%, 09/15/34, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 330 | 354036 |
| 5.88%, 02/07/42 | &nbsp;&nbsp; 354 | 380724 |
| 6.11%, 01/29/37 | &nbsp;&nbsp; 575 | 621263 |
| 6.20%, 11/10/28, (1-day SOFR + 1.99%)<sup>(a)</sup> | &nbsp;&nbsp; 190 | 196773 |
| 7.75%, 05/14/38 | &nbsp;&nbsp; 475 | 582025 |
| Series L, 4.18%, 11/25/27 | &nbsp;&nbsp; 330 | 330395 |
| Series L, 4.75%, 04/21/45 | &nbsp;&nbsp; 55 | 50418 |
| Series N, 2.65%, 03/11/32, (1-day SOFR + <br> 1.22%)<sup>(a)</sup><br>| &nbsp;&nbsp; 360 | 333982 |
| Series N, 3.48%, 03/13/52, (1-day SOFR + <br> 1.65%)<sup>(a)</sup><br>| &nbsp;&nbsp; 530 | 386157 |
| Bank of Montreal |  |  |
| 2.65%, 03/08/27 | &nbsp;&nbsp; 65 | 64304 |
| 3.09%, 01/10/37, (5-year CMT + 1.40%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | 63889 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.80%, 12/15/32, (5-year USD Swap + <br> 1.43%)<sup>(a)</sup><br>| &nbsp;&nbsp; $1135 | $1125057 |
| 4.35%, 09/22/31, (1-day SOFR Index + <br> 1.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; 75 | 75478 |
| 5.00%, 01/27/29, (1-day SOFR Index + <br> 0.67%)<sup>(a)</sup><br>| &nbsp;&nbsp; 160 | 163144 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 75 | 79428 |
| 5.72%, 09/25/28 | &nbsp;&nbsp; 75 | 78179 |
| Series H, 4.70%, 09/14/27 | &nbsp;&nbsp; 205 | 207549 |
| Series J, 4.44%, 01/14/32, (1-day SOFR + <br> 0.97%)<sup>(a)</sup><br>| &nbsp;&nbsp; 50 | 50280 |
| Bank of New York Mellon Corp.(The) |  |  |
| 2.50%, 01/26/32 | &nbsp;&nbsp; 130 | 119059 |
| 3.00%, 10/30/28 | &nbsp;&nbsp; 524 | 511362 |
| 3.25%, 05/16/27 | &nbsp;&nbsp; 197 | 196142 |
| 3.30%, 08/23/29 | &nbsp;&nbsp; 700 | 684193 |
| 3.40%, 01/29/28 | &nbsp;&nbsp; 435 | 432640 |
| 3.85%, 04/28/28 | &nbsp;&nbsp; 700 | 702608 |
| 3.85%, 04/26/29 | &nbsp;&nbsp; 120 | 120334 |
| 3.99%, 06/13/28, (1-day SOFR + 1.15%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | 80134 |
| 4.29%, 06/13/33, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 235 | 233214 |
| 4.44%, 06/09/28, (1-day SOFR + 0.68%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 55398 |
| 4.54%, 02/01/29, (1-day SOFR + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | 85956 |
| 4.71%, 02/01/34, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 135 | 136647 |
| 4.97%, 04/26/34, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | 87187 |
| 5.06%, 07/22/32, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 114425 |
| 5.19%, 03/14/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 225 | 234087 |
| 5.23%, 11/20/35, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 180 | 187159 |
| 5.32%, 06/06/36, (1-day SOFR + 1.35%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 130266 |
| 5.61%, 07/21/39, (1-day SOFR + 1.77%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | 42123 |
| 5.83%, 10/25/33, (1-day SOFR Index + <br> 2.07%)<sup>(a)</sup><br>| &nbsp;&nbsp; 80 | 86603 |
| 6.47%, 10/25/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 285 | 319615 |
| Series J, 1.90%, 01/25/29 | &nbsp;&nbsp; 150 | 142342 |
| Bank of Nova Scotia(The) |  |  |
| 2.15%, 08/01/31 | &nbsp;&nbsp; 1500 | 1354184 |
| 2.45%, 02/02/32 | &nbsp;&nbsp; 340 | 307685 |
| 2.95%, 03/11/27 | &nbsp;&nbsp; 1120 | 1111344 |
| 4.04%, 09/15/28, (1-day SOFR + 0.76%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 150163 |
| 4.25%, 02/02/30, (1-day SOFR + 0.73%)<sup>(a)</sup> | &nbsp;&nbsp; 275 | 276481 |
| 4.34%, 09/15/31, (1-day SOFR + 1.09%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 150425 |
| 4.40%, 09/08/28, (1-day SOFR + 1.00%)<sup>(a)</sup> | &nbsp;&nbsp; 610 | 613841 |
| 4.59%, 05/04/37, (5-year CMT + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; 7470 | 7341200 |
| 4.74%, 11/10/32, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 185 | 188140 |
| 4.81%, 02/02/34, (1-day SOFR + 1.05%)<sup>(a)</sup> | &nbsp;&nbsp; 275 | 278172 |
| 4.85%, 02/01/30 | &nbsp;&nbsp; 475 | 488796 |
| 4.93%, 02/14/29, (1-day SOFR + 0.89%)<sup>(a)</sup> | &nbsp;&nbsp; 310 | 315562 |
| 5.13%, 02/14/31, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 415 | 429801 |
| 5.25%, 06/12/28 | &nbsp;&nbsp; 100 | 102995 |
| 5.40%, 06/04/27 | &nbsp;&nbsp; 1430 | 1458456 |
| 5.45%, 08/01/29 | &nbsp;&nbsp; 565 | 591572 |
| 5.65%, 02/01/34 | &nbsp;&nbsp; 500 | 534653 |
| Barclays PLC |  |  |
| 2.65%, 06/24/31, (1-year CMT + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 130 | 121424 |
| 2.67%, 03/10/32, (1-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 355 | 326503 |
| 2.89%, 11/24/32, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 755 | 691591 |
| 3.56%, 09/23/35, (5-year CMT + 2.90%)<sup>(a)</sup> | &nbsp;&nbsp; 285 | 271267 |
| 3.81%, 03/10/42, (1-year CMT + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 16236 |
| 4.22%, 05/24/30, (1-day SOFR + 0.93%)<sup>(a)</sup> | &nbsp;&nbsp; 400 | 399981 |
| 4.34%, 01/10/28 | &nbsp;&nbsp; 275 | 275639 |
| 4.48%, 11/11/29, (1-day SOFR + 1.08%)<sup>(a)</sup> | &nbsp;&nbsp; 400 | 403037 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.52%, 02/24/32, (1-day SOFR + 1.14%)<sup>(a)</sup> | &nbsp;&nbsp; $400 | $400463 |
| 4.84%, 05/09/28 | &nbsp;&nbsp; 565 | 569259 |
| 4.95%, 01/10/47 | &nbsp;&nbsp; 490 | 457002 |
| 4.97%, 05/16/29, (3-mo. SOFR US + 2.16%)<sup>(a)</sup> | &nbsp;&nbsp; 490 | 498410 |
| 5.09%, 02/25/29, (1-day SOFR + 0.96%)<sup>(a)</sup> | &nbsp;&nbsp; 395 | 402259 |
| 5.09%, 06/20/30, (3-mo. SOFR US + 3.32%)<sup>(a)</sup> | &nbsp;&nbsp; 465 | 474094 |
| 5.21%, 02/24/37, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 300 | 299494 |
| 5.25%, 08/17/45 | &nbsp;&nbsp; 325 | 316917 |
| 5.34%, 09/10/35, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 305 | 311844 |
| 5.37%, 02/25/31, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 400 | 415094 |
| 5.50%, 08/09/28, (1-year CMT + 2.65%)<sup>(a)</sup> | &nbsp;&nbsp; 385 | 392375 |
| 5.69%, 03/12/30, (1-day SOFR + 1.74%)<sup>(a)</sup> | &nbsp;&nbsp; 335 | 349080 |
| 5.75%, 08/09/33, (1-year CMT + 3.00%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 68768 |
| 5.79%, 02/25/36, (1-day SOFR + 1.59%)<sup>(a)</sup> | &nbsp;&nbsp; 520 | 544575 |
| 5.86%, 08/11/46, (1-day SOFR + 1.83%)<sup>(a)</sup> | &nbsp;&nbsp; 385 | 396240 |
| 6.04%, 03/12/55, (1-day SOFR + 2.42%)<sup>(a)</sup> | &nbsp;&nbsp; 220 | 235716 |
| 6.22%, 05/09/34, (1-day SOFR + 2.98%)<sup>(a)</sup> | &nbsp;&nbsp; 285 | 308012 |
| 6.69%, 09/13/34, (1-day SOFR + 2.62%)<sup>(a)</sup> | &nbsp;&nbsp; 230 | 255320 |
| 7.12%, 06/27/34, (1-day SOFR + 3.57%)<sup>(a)</sup> | &nbsp;&nbsp; 300 | 336690 |
| 7.44%, 11/02/33, (1-year CMT + 3.50%)<sup>(a)</sup> | &nbsp;&nbsp; 240 | 275393 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.60%, 04/07/32 | &nbsp;&nbsp; 290 | 279072 |
| 4.28%, 01/29/30, (1-day SOFR Index + <br> 0.79%)<sup>(a)</sup><br>| &nbsp;&nbsp; 300 | 301802 |
| 4.58%, 09/08/31, (1-day SOFR Index + <br> 1.17%)<sup>(a)</sup><br>| &nbsp;&nbsp; 140 | 142051 |
| 4.63%, 09/11/30, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 1125 | 1144203 |
| 4.86%, 03/30/29, (1-day SOFR + 1.03%)<sup>(a)</sup> | &nbsp;&nbsp; 1140 | 1159933 |
| 5.00%, 04/28/28 | &nbsp;&nbsp; 435 | 445017 |
| 5.24%, 06/28/27 | &nbsp;&nbsp; 155 | 157831 |
| 5.25%, 01/13/31, (1-day SOFR + 1.11%)<sup>(a)</sup> | &nbsp;&nbsp; 1035 | 1074001 |
| 5.26%, 04/08/29 | &nbsp;&nbsp; 165 | 171126 |
| 5.99%, 10/03/28 | &nbsp;&nbsp; 190 | 199335 |
| 6.09%, 10/03/33 | &nbsp;&nbsp; 680 | 745244 |
| Capital One NA |  |  |
| 2.70%, 02/06/30 | &nbsp;&nbsp; 235 | 223408 |
| 4.65%, 09/13/28 | &nbsp;&nbsp; 485 | 492569 |
| Citigroup, Inc. |  |  |
| 2.56%, 05/01/32, (1-day SOFR + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 335 | 306786 |
| 2.57%, 06/03/31, (1-day SOFR + 2.11%)<sup>(a)</sup> | &nbsp;&nbsp; 365 | 341164 |
| 2.98%, 11/05/30, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | 28749 |
| 3.06%, 01/25/33, (1-day SOFR + 1.35%)<sup>(a)</sup> | &nbsp;&nbsp; 280 | 259004 |
| 3.52%, 10/27/28, (3-mo. CME Term SOFR + <br> 1.41%)<sup>(a)</sup><br>| &nbsp;&nbsp; 160 | 158761 |
| 3.67%, 07/24/28, (3-mo. CME Term SOFR + <br> 1.65%)<sup>(a)</sup><br>| &nbsp;&nbsp; 155 | 154250 |
| 3.79%, 03/17/33, (1-day SOFR + 1.94%)<sup>(a)</sup> | &nbsp;&nbsp; 682 | 654968 |
| 3.88%, 01/24/39, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(a)</sup><br>| &nbsp;&nbsp; 600 | 534787 |
| 3.98%, 03/20/30, (3-mo. CME Term SOFR + <br> 1.60%)<sup>(a)</sup><br>| &nbsp;&nbsp; 220 | 219258 |
| 4.08%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)</sup><br>| &nbsp;&nbsp; 171 | 171089 |
| 4.13%, 07/25/28 | &nbsp;&nbsp; 316 | 316395 |
| 4.28%, 04/24/48, (3-mo. CME Term SOFR + <br> 2.10%)<sup>(a)</sup><br>| &nbsp;&nbsp; 284 | 243336 |
| 4.41%, 03/31/31, (1-day SOFR + 3.91%)<sup>(a)</sup> | &nbsp;&nbsp; 390 | 391920 |
| 4.45%, 09/29/27 | &nbsp;&nbsp; 687 | 691049 |
| 4.65%, 07/30/45 | &nbsp;&nbsp; 454 | 414406 |
| 4.65%, 07/23/48 | &nbsp;&nbsp; 715 | 638274 |
| 4.66%, 05/24/28, (1-day SOFR + 1.89%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25180 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.75%, 05/18/46 | &nbsp;&nbsp; $150 | $133491 |
| 4.91%, 05/24/33, (1-day SOFR + 2.09%)<sup>(a)</sup> | &nbsp;&nbsp; 335 | 341149 |
| 5.17%, 02/13/30, (1-day SOFR + 1.36%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | 72111 |
| 5.30%, 05/06/44 | &nbsp;&nbsp; 236 | 228897 |
| 5.32%, 03/26/41, (1-day SOFR + 4.55%)<sup>(a)</sup> | &nbsp;&nbsp; 390 | 391401 |
| 5.41%, 09/19/39, (5-year CMT + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 35200 |
| 5.45%, 06/11/35, (1-day SOFR + 1.45%)<sup>(a)</sup> | &nbsp;&nbsp; 420 | 437484 |
| 5.83%, 02/13/35, (1-day SOFR + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 480 | 499822 |
| 5.88%, 02/22/33 | &nbsp;&nbsp; 276 | 296762 |
| 5.88%, 01/30/42 | &nbsp;&nbsp; 510 | 539340 |
| 6.00%, 10/31/33 | &nbsp;&nbsp; 212 | 228311 |
| 6.02%, 01/24/36, (1-day SOFR + 1.83%)<sup>(a)</sup> | &nbsp;&nbsp; 130 | 136419 |
| 6.13%, 08/25/36 | &nbsp;&nbsp; 70 | 74948 |
| 6.17%, 05/25/34, (1-day SOFR + 2.66%)<sup>(a)</sup> | &nbsp;&nbsp; 555 | 592491 |
| 6.27%, 11/17/33, (1-day SOFR + 2.34%)<sup>(a)</sup> | &nbsp;&nbsp; 300 | 329087 |
| 6.63%, 01/15/28 | &nbsp;&nbsp; 385 | 404411 |
| 6.63%, 06/15/32 | &nbsp;&nbsp; 512 | 569521 |
| 6.68%, 09/13/43 | &nbsp;&nbsp; 186 | 209834 |
| 8.13%, 07/15/39 | &nbsp;&nbsp; 649 | 835430 |
| Citizens Financial Group, Inc. |  |  |
| 3.25%, 04/30/30 | &nbsp;&nbsp; 125 | 120184 |
| 5.64%, 05/21/37, (5-year CMT + 2.75%)<sup>(a)</sup> | &nbsp;&nbsp; 205 | 210549 |
| 6.65%, 04/25/35, (1-day SOFR + 2.33%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 38709 |
| Cooperatieve Rabobank UA |  |  |
| 5.25%, 05/24/41 | &nbsp;&nbsp; 166 | 168076 |
| 5.25%, 08/04/45 | &nbsp;&nbsp; 187 | 178662 |
| Deutsche Bank AG/New York NY |  |  |
| 3.04%, 05/28/32, (1-day SOFR + 1.72%)<sup>(a)</sup> | &nbsp;&nbsp; 500 | 463400 |
| 3.55%, 09/18/31, (1-day SOFR + 3.04%)<sup>(a)</sup> | &nbsp;&nbsp; 695 | 667447 |
| 3.73%, 01/14/32, (1-day SOFR + 2.76%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9517 |
| 3.74%, 01/07/33, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 32765 |
| 4.73%, 02/06/32, (1-day SOFR + 1.14%)<sup>(a)</sup> | &nbsp;&nbsp; 190 | 191578 |
| 4.88%, 12/01/32, (5-year USD ICE Swap + <br> 2.55%)<sup>(a)</sup><br>| &nbsp;&nbsp; 90 | 90271 |
| 4.95%, 08/04/31, (1-day SOFR + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 215 | 218965 |
| 5.00%, 09/11/30, (1-day SOFR + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 375 | 382915 |
| 5.30%, 05/09/31, (1-day SOFR + 1.72%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 154896 |
| 5.37%, 01/10/29, (1-day SOFR + 1.21%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 153263 |
| 5.40%, 09/11/35, (1-day SOFR + 2.05%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 500 | 512387 |
| 5.88%, 07/08/31, (1-day SOFR + 5.44%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5206 |
| 6.72%, 01/18/29, (1-day SOFR + 3.18%)<sup>(a)</sup> | &nbsp;&nbsp; 215 | 224751 |
| 6.82%, 11/20/29, (1-day SOFR + 2.51%)<sup>(a)</sup> | &nbsp;&nbsp; 380 | 404670 |
| 7.08%, 02/10/34, (1-day SOFR + 3.65%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 220008 |
| Fifth Third Bancorp |  |  |
| 4.34%, 04/25/33, (1-day SOFR + 1.66%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 34590 |
| 8.25%, 03/01/38 | &nbsp;&nbsp; 201 | 249037 |
| Fifth Third Financial Corp., 4.00%, 02/01/29 | &nbsp;&nbsp; 364 | 363743 |
| Goldman Sachs Capital I, 6.35%, 02/15/34 | &nbsp;&nbsp; 105 | 112955 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 1.99%, 01/27/32, (1-day SOFR + 1.09%)<sup>(a)</sup> | &nbsp;&nbsp; 320 | 286277 |
| 2.38%, 07/21/32, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 585 | 527514 |
| 2.60%, 02/07/30 | &nbsp;&nbsp; 10 | 9454 |
| 2.62%, 04/22/32, (1-day SOFR + 1.28%)<sup>(a)</sup> | &nbsp;&nbsp; 427 | 392072 |
| 2.65%, 10/21/32, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 160 | 145607 |
| 2.91%, 07/21/42, (1-day SOFR + 1.47%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 110929 |
| 3.10%, 02/24/33, (1-day SOFR + 1.41%)<sup>(a)</sup> | &nbsp;&nbsp; 710 | 658299 |
| 3.21%, 04/22/42, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 282 | 217269 |
| 3.44%, 02/24/43, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | 47042 |
| 3.69%, 06/05/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(a)</sup><br>| &nbsp;&nbsp; 332 | 330556 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.81%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(a)</sup><br>| &nbsp;&nbsp; $637 | $633289 |
| 4.02%, 10/31/38, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(a)</sup><br>| &nbsp;&nbsp; 750 | 677758 |
| 4.15%, 01/21/29, (1-day SOFR + 0.71%)<sup>(a)</sup> | &nbsp;&nbsp; 1840 | 1840538 |
| 4.15%, 10/21/29, (1-day SOFR + 0.90%)<sup>(a)</sup> | &nbsp;&nbsp; 710 | 710320 |
| 4.22%, 05/01/29, (3-mo. CME Term SOFR + <br> 1.56%)<sup>(a)</sup><br>| &nbsp;&nbsp; 750 | 751870 |
| 4.37%, 10/21/31, (1-day SOFR + 1.06%)<sup>(a)</sup> | &nbsp;&nbsp; 710 | 710004 |
| 4.41%, 04/23/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(a)</sup><br>| &nbsp;&nbsp; 539 | 501389 |
| 4.52%, 01/21/32, (1-day SOFR + 0.96%)<sup>(a)</sup> | &nbsp;&nbsp; 1850 | 1861247 |
| 4.69%, 10/23/30, (1-day SOFR + 1.14%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 76164 |
| 4.75%, 10/21/45 | &nbsp;&nbsp; 636 | 576370 |
| 4.80%, 07/08/44 | &nbsp;&nbsp; 595 | 549415 |
| 4.94%, 10/21/36, (1-day SOFR + 1.33%)<sup>(a)</sup> | &nbsp;&nbsp; 705 | 701878 |
| 5.02%, 10/23/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 430 | 434866 |
| 5.05%, 07/23/30, (1-day SOFR + 1.21%)<sup>(a)</sup> | &nbsp;&nbsp; 335 | 343573 |
| 5.07%, 01/21/37, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 1230 | 1238299 |
| 5.21%, 01/28/31, (1-day SOFR + 1.08%)<sup>(a)</sup> | &nbsp;&nbsp; 235 | 243355 |
| 5.33%, 07/23/35, (1-day SOFR + 1.55%)<sup>(a)</sup> | &nbsp;&nbsp; 675 | 695155 |
| 5.39%, 02/02/41, (5-year CMT + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 650 | 645240 |
| 5.54%, 01/28/36, (1-day SOFR + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 365 | 381846 |
| 5.54%, 01/21/47, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 1850 | 1840362 |
| 5.73%, 04/25/30, (1-day SOFR + 1.27%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | 94019 |
| 5.73%, 01/28/56, (1-day SOFR + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 245 | 248450 |
| 5.85%, 04/25/35, (1-day SOFR + 1.55%)<sup>(a)</sup> | &nbsp;&nbsp; 205 | 218713 |
| 6.13%, 02/15/33 | &nbsp;&nbsp; 795 | 870765 |
| 6.25%, 02/01/41 | &nbsp;&nbsp; 545 | 595890 |
| 6.45%, 05/01/36 | &nbsp;&nbsp; 249 | 274309 |
| 6.56%, 10/24/34, (1-day SOFR + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 220 | 245234 |
| 6.75%, 10/01/37 | &nbsp;&nbsp; 731 | 819207 |
| HSBC Bank USA N.A |  |  |
| 5.63%, 08/15/35 | &nbsp;&nbsp; 15 | 15760 |
| 5.88%, 11/01/34 | &nbsp;&nbsp; 365 | 391003 |
| 7.00%, 01/15/39 | &nbsp;&nbsp; 650 | 764690 |
| HSBC Holdings PLC |  |  |
| 2.21%, 08/17/29, (1-day SOFR + 1.29%)<sup>(a)</sup> | &nbsp;&nbsp; 500 | 477669 |
| 2.36%, 08/18/31, (1-day SOFR + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 190 | 174884 |
| 2.80%, 05/24/32, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 785 | 724339 |
| 2.85%, 06/04/31, (1-day SOFR + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 315 | 297166 |
| 2.87%, 11/22/32, (1-day SOFR + 1.41%)<sup>(a)</sup> | &nbsp;&nbsp; 135 | 124218 |
| 3.97%, 05/22/30, (3-mo. CME Term SOFR + <br> 1.87%)<sup>(a)</sup><br>| &nbsp;&nbsp; 1020 | 1013074 |
| 4.04%, 03/13/28, (3-mo. CME Term SOFR + <br> 1.81%)<sup>(a)</sup><br>| &nbsp;&nbsp; 680 | 680218 |
| 4.58%, 06/19/29, (3-mo. CME Term SOFR + <br> 1.80%)<sup>(a)</sup><br>| &nbsp;&nbsp; 645 | 651185 |
| 4.62%, 11/06/31, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 202244 |
| 4.76%, 06/09/28, (1-day SOFR + 2.11%)<sup>(a)</sup> | &nbsp;&nbsp; 475 | 479068 |
| 4.76%, 03/29/33, (1-day SOFR + 2.53%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 35062 |
| 4.90%, 03/03/29, (1-day SOFR + 1.03%)<sup>(a)</sup> | &nbsp;&nbsp; 205 | 208201 |
| 4.95%, 03/31/30 | &nbsp;&nbsp; 700 | 721650 |
| 5.13%, 03/03/31, (1-day SOFR + 1.29%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 206242 |
| 5.13%, 11/06/36, (1-day SOFR + 1.43%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 202011 |
| 5.24%, 05/13/31, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 207157 |
| 5.29%, 11/19/30, (1-day SOFR + 1.29%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 207277 |
| 5.40%, 08/11/33, (1-day SOFR + 2.87%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 52214 |
| 5.45%, 03/03/36, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 445 | 461684 |
| 5.72%, 03/04/35, (1-day SOFR + 1.78%)<sup>(a)</sup> | &nbsp;&nbsp; 345 | 366343 |
| 5.73%, 05/17/32, (1-day SOFR + 1.52%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 37086 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.79%, 05/13/36, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; $200 | $212663 |
| 5.87%, 11/18/35, (1-day SOFR + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5247 |
| 6.10%, 01/14/42 | &nbsp;&nbsp; 585 | 638671 |
| 6.25%, 03/09/34, (1-day SOFR + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 365 | 398668 |
| 6.50%, 05/02/36 | &nbsp;&nbsp; 190 | 206582 |
| 6.50%, 09/15/37 | &nbsp;&nbsp; 410 | 455669 |
| 6.55%, 06/20/34, (1-day SOFR + 2.98%)<sup>(a)</sup> | &nbsp;&nbsp; 390 | 423220 |
| 6.80%, 06/01/38 | &nbsp;&nbsp; 55 | 61626 |
| 7.39%, 11/03/28, (1-day SOFR + 3.35%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 210663 |
| 7.40%, 11/13/34, (1-day SOFR + 3.02%)<sup>(a)</sup> | &nbsp;&nbsp; 285 | 326010 |
| 8.11%, 11/03/33, (1-day SOFR + 4.25%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 235881 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.49%, 08/15/36, (5-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 145 | 127952 |
| 2.55%, 02/04/30 | &nbsp;&nbsp; 574 | 540334 |
| 4.44%, 08/04/28, (1-day SOFR + 1.97%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 65405 |
| 5.02%, 05/17/33, (1-day SOFR + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; 202 | 206112 |
| 5.27%, 01/15/31, (1-day SOFR + 1.28%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25877 |
| 5.71%, 02/02/35, (1-day SOFR Index + <br> 1.87%)<sup>(a)</sup><br>| &nbsp;&nbsp; 50 | 52589 |
| Huntington National Bank (The), 4.55%, 05/17/28, <br> (1-day SOFR Index + 1.65%)<sup>(a)</sup><br>| &nbsp;&nbsp; 235 | 236612 |
| ING Groep NV |  |  |
| 2.73%, 04/01/32, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 485 | 450436 |
| 3.95%, 03/29/27 | &nbsp;&nbsp; 945 | 945893 |
| 4.05%, 04/09/29 | &nbsp;&nbsp; 260 | 260184 |
| 4.25%, 03/28/33, (1-day SOFR + 2.07%)<sup>(a)</sup> | &nbsp;&nbsp; 215 | 212742 |
| 4.55%, 10/02/28 | &nbsp;&nbsp; 290 | 293808 |
| 4.86%, 03/25/29, (1-day SOFR + 1.01%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 203292 |
| 5.07%, 03/25/31, (1-day SOFR Index + <br> 1.23%)<sup>(a)</sup><br>| &nbsp;&nbsp; 365 | 376279 |
| 5.34%, 03/19/30, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 1030 | 1066112 |
| 5.53%, 03/25/36, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 1115 | 1167095 |
| 5.55%, 03/19/35, (1-day SOFR + 1.77%)<sup>(a)</sup> | &nbsp;&nbsp; 1460 | 1529306 |
| 6.11%, 09/11/34, (1-day SOFR + 2.09%)<sup>(a)</sup> | &nbsp;&nbsp; 130 | 141502 |
| JPMorgan Chase & Co. |  |  |
| 1.76%, 11/19/31, (3-mo. CME Term SOFR + <br> 1.11%)<sup>(a)</sup><br>| &nbsp;&nbsp; 175 | 156762 |
| 1.95%, 02/04/32, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 175 | 156937 |
| 2.52%, 04/22/31, (1-day SOFR + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 260 | 243928 |
| 2.55%, 11/08/32, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 275 | 250413 |
| 2.58%, 04/22/32, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(a)</sup><br>| &nbsp;&nbsp; 247 | 227671 |
| 2.74%, 10/15/30, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(a)</sup><br>| &nbsp;&nbsp; 326 | 311653 |
| 2.96%, 05/13/31, (3-mo. CME Term SOFR + <br> 2.52%)<sup>(a)</sup><br>| &nbsp;&nbsp; 75 | 71305 |
| 2.96%, 01/25/33, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 575 | 532840 |
| 3.11%, 04/22/41, (3-mo. CME Term SOFR + <br> 2.46%)<sup>(a)</sup><br>| &nbsp;&nbsp; 263 | 208160 |
| 3.11%, 04/22/51, (1-day SOFR + 2.44%)<sup>(a)</sup> | &nbsp;&nbsp; 753 | 516294 |
| 3.33%, 04/22/52, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 715 | 510966 |
| 3.51%, 01/23/29, (3-mo. CME Term SOFR + <br> 1.21%)<sup>(a)</sup><br>| &nbsp;&nbsp; 542 | 537406 |
| 3.54%, 05/01/28, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(a)</sup><br>| &nbsp;&nbsp; 285 | 283296 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 90 | 89552 |
| 3.70%, 05/06/30, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(a)</sup><br>| &nbsp;&nbsp; 295 | 291970 |
| 3.88%, 07/24/38, (3-mo. CME Term SOFR + <br> 1.62%)<sup>(a)</sup><br>| &nbsp;&nbsp; 593 | 537166 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.90%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.48%)<sup>(a)</sup><br>| &nbsp;&nbsp; $416 | $334238 |
| 3.96%, 11/15/48, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(a)</sup><br>| &nbsp;&nbsp; 641 | 522388 |
| 4.01%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.38%)<sup>(a)</sup><br>| &nbsp;&nbsp; 482 | 482015 |
| 4.03%, 07/24/48, (3-mo. CME Term SOFR + <br> 1.72%)<sup>(a)</sup><br>| &nbsp;&nbsp; 375 | 310225 |
| 4.20%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.52%)<sup>(a)</sup><br>| &nbsp;&nbsp; 550 | 552297 |
| 4.25%, 10/01/27 | &nbsp;&nbsp; 290 | 292030 |
| 4.26%, 02/22/48, (3-mo. CME Term SOFR + <br> 1.84%)<sup>(a)</sup><br>| &nbsp;&nbsp; 584 | 501733 |
| 4.45%, 12/05/29, (3-mo. CME Term SOFR + <br> 1.59%)<sup>(a)</sup><br>| &nbsp;&nbsp; 810 | 818449 |
| 4.49%, 03/24/31, (3-mo. CME Term SOFR + <br> 3.79%)<sup>(a)</sup><br>| &nbsp;&nbsp; 292 | 296029 |
| 4.59%, 04/26/33, (1-day SOFR + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 637 | 642767 |
| 4.85%, 02/01/44 | &nbsp;&nbsp; 506 | 485141 |
| 4.91%, 07/25/33, (1-day SOFR + 2.08%)<sup>(a)</sup> | &nbsp;&nbsp; 1140 | 1169180 |
| 4.95%, 10/22/35, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 530 | 537638 |
| 4.95%, 06/01/45 | &nbsp;&nbsp; 247 | 234353 |
| 5.29%, 07/22/35, (1-day SOFR + 1.46%)<sup>(a)</sup> | &nbsp;&nbsp; 610 | 632861 |
| 5.34%, 01/23/35, (1-day SOFR + 1.62%)<sup>(a)</sup> | &nbsp;&nbsp; 335 | 348844 |
| 5.35%, 06/01/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 650 | 680229 |
| 5.40%, 01/06/42 | &nbsp;&nbsp; 405 | 414771 |
| 5.50%, 01/24/36, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 555 | 583431 |
| 5.50%, 10/15/40 | &nbsp;&nbsp; 400 | 421243 |
| 5.57%, 04/22/36, (1-day SOFR + 1.68%)<sup>(a)</sup> | &nbsp;&nbsp; 320 | 337794 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 500 | 522918 |
| 5.63%, 08/16/43 | &nbsp;&nbsp; 45 | 46379 |
| 5.72%, 09/14/33, (1-day SOFR + 2.58%)<sup>(a)</sup> | &nbsp;&nbsp; 545 | 577747 |
| 5.77%, 04/22/35, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 320 | 342257 |
| 6.25%, 10/23/34, (1-day SOFR + 1.81%)<sup>(a)</sup> | &nbsp;&nbsp; 555 | 610061 |
| 6.40%, 05/15/38 | &nbsp;&nbsp; 620 | 705531 |
| 8.75%, 09/01/30 | &nbsp;&nbsp; 795 | 938963 |
| KeyBank N.A., 4.90%, 08/08/32 | &nbsp;&nbsp; 95 | 95334 |
| Keybank National Association, 3.90%, 04/13/29 | &nbsp;&nbsp; 107 | 105871 |
| KeyCorp, 2.55%, 10/01/29 | &nbsp;&nbsp; 355 | 337057 |
| Kreditanstalt fuer Wiederaufbau |  |  |
| 0.00%, 04/18/36<sup>(c)</sup> | &nbsp;&nbsp; 1113 | 742783 |
| 0.00%, 06/29/37<sup>(c)</sup> | &nbsp;&nbsp; 825 | 520488 |
| 0.75%, 09/30/30 | &nbsp;&nbsp; 1410 | 1246380 |
| 1.75%, 09/14/29 | &nbsp;&nbsp; 1061 | 1001621 |
| 2.88%, 04/03/28 | &nbsp;&nbsp; 2762 | 2732043 |
| 3.00%, 05/20/27 | &nbsp;&nbsp; 230 | 228688 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 1995 | 2007581 |
| 3.75%, 07/15/30 | &nbsp;&nbsp; 120 | 121164 |
| 4.63%, 03/18/30 | &nbsp;&nbsp; 255 | 265866 |
| Landwirtschaftliche Rentenbank |  |  |
| 0.88%, 09/03/30 | &nbsp;&nbsp; 40 | 35617 |
| Series 37, 2.50%, 11/15/27 | &nbsp;&nbsp; 195 | 191954 |
| Lloyds Banking Group PLC |  |  |
| 3.37%, 12/14/46, (5-year CMT + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | 7571 |
| 3.57%, 11/07/28, (3-mo. SOFR US + 1.47%)<sup>(a)</sup> | &nbsp;&nbsp; 300 | 298012 |
| 4.24%, 02/10/30, (1-year CMT + 0.60%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 200965 |
| 4.34%, 01/09/48 | &nbsp;&nbsp; 400 | 338985 |
| 4.38%, 03/22/28 | &nbsp;&nbsp; 300 | 302403 |
| 4.43%, 11/04/31, (1-year CMT + 0.82%)<sup>(a)</sup> | &nbsp;&nbsp; 385 | 386575 |
| 4.55%, 08/16/28 | &nbsp;&nbsp; 840 | 851633 |
| 4.82%, 06/13/29, (1-year CMT + 0.83%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 203294 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.94%, 11/04/36, (1-year CMT + 0.97%)<sup>(a)</sup> | &nbsp;&nbsp; $200 | $198746 |
| 4.98%, 08/11/33, (1-year CMT + 2.30%)<sup>(a)</sup> | &nbsp;&nbsp; 130 | 133070 |
| 5.30%, 12/01/45 | &nbsp;&nbsp; 160 | 154318 |
| 5.59%, 11/26/35, (1-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 335 | 352269 |
| 5.67%, 02/10/47, (1-year CMT + 0.82%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 201990 |
| 5.68%, 01/05/35, (1-year CMT + 1.75%)<sup>(a)</sup> | &nbsp;&nbsp; 355 | 375684 |
| 5.72%, 06/05/30, (1-year CMT + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 209810 |
| 5.87%, 03/06/29, (1-year CMT + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 305 | 315999 |
| 6.07%, 06/13/36, (1-year CMT + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 260 | 273759 |
| 7.95%, 11/15/33, (1-year CMT + 3.75%)<sup>(a)</sup> | &nbsp;&nbsp; 455 | 534120 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 2.31%, 07/20/32, (1-year CMT + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 245 | 221778 |
| 2.49%, 10/13/32, (1-year CMT + 0.97%)<sup>(a)</sup> | &nbsp;&nbsp; 265 | 240734 |
| 2.56%, 02/25/30 | &nbsp;&nbsp; 10 | 9445 |
| 2.85%, 01/19/33, (1-year CMT + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 425 | 391037 |
| 3.20%, 07/18/29 | &nbsp;&nbsp; 260 | 253117 |
| 3.29%, 07/25/27 | &nbsp;&nbsp; 340 | 337846 |
| 3.74%, 03/07/29 | &nbsp;&nbsp; 190 | 189234 |
| 3.75%, 07/18/39 | &nbsp;&nbsp; 395 | 350448 |
| 3.96%, 03/02/28 | &nbsp;&nbsp; 5 | 5012 |
| 4.05%, 09/11/28 | &nbsp;&nbsp; 140 | 140660 |
| 4.08%, 04/19/28, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25036 |
| 4.15%, 03/07/39<sup>(b)</sup> | &nbsp;&nbsp; 209 | 196448 |
| 4.29%, 07/26/38 | &nbsp;&nbsp; 220 | 211093 |
| 4.32%, 04/19/33, (1-year CMT + 1.55%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | 44743 |
| 5.13%, 07/20/33, (1-year CMT + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 155 | 160740 |
| 5.24%, 04/19/29, (1-year CMT + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 205 | 210299 |
| 5.41%, 04/19/34, (1-year CMT + 1.97%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 115747 |
| 5.42%, 02/22/29, (1-year CMT + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 360 | 369853 |
| 5.44%, 02/22/34, (1-year CMT + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 126428 |
| 5.47%, 09/13/33, (1-year CMT + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10565 |
| Mizuho Financial Group, Inc. |  |  |
| 1.98%, 09/08/31, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(a)</sup><br>| &nbsp;&nbsp; 60 | 54476 |
| 2.17%, 05/22/32, (1-year CMT + 0.87%)<sup>(a)</sup> | &nbsp;&nbsp; 285 | 256473 |
| 2.20%, 07/10/31, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(a)</sup><br>| &nbsp;&nbsp; 30 | 27605 |
| 2.26%, 07/09/32, (1-year CMT + 0.90%)<sup>(a)</sup> | &nbsp;&nbsp; 270 | 243199 |
| 2.56%, 09/13/31 | &nbsp;&nbsp; 235 | 213207 |
| 2.59%, 05/25/31, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(a)</sup><br>| &nbsp;&nbsp; 202 | 189513 |
| 2.87%, 09/13/30, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(a)</sup><br>| &nbsp;&nbsp; 145 | 139082 |
| 3.15%, 07/16/30, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(a)</sup><br>| &nbsp;&nbsp; 237 | 229792 |
| 3.17%, 09/11/27 | &nbsp;&nbsp; 185 | 183267 |
| 3.26%, 05/22/30, (1-year CMT + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9753 |
| 4.02%, 03/05/28 | &nbsp;&nbsp; 260 | 261139 |
| 4.25%, 09/11/29, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(a)</sup><br>| &nbsp;&nbsp; 499 | 501603 |
| 4.44%, 05/12/32, (1-year CMT + 0.70%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 201074 |
| 4.71%, 07/08/31, (1-year CMT + 0.92%)<sup>(a)</sup> | &nbsp;&nbsp; 385 | 392616 |
| 5.05%, 05/12/37, (1-year CMT + 0.85%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 202610 |
| 5.32%, 07/08/36, (1-year CMT + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 425 | 440372 |
| 5.38%, 07/10/30, (1-year CMT + 1.08%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 207897 |
| 5.42%, 05/13/36, (1-year CMT + 0.98%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 52273 |
| 5.58%, 05/26/35, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 211590 |
| 5.59%, 07/10/35, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 225 | 238169 |
| 5.67%, 05/27/29, (1-year CMT + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 115 | 119135 |
| 5.67%, 09/13/33, (1-year CMT + 2.40%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 213789 |
| 5.75%, 05/27/34, (1-year CMT + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 195 | 208311 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.75%, 07/06/34, (1-year CMT + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; $220 | $235032 |
| 5.78%, 07/06/29, (1-year CMT + 1.65%)<sup>(a)</sup> | &nbsp;&nbsp; 315 | 327576 |
| Morgan Stanley |  |  |
| 1.79%, 02/13/32, (1-day SOFR + 1.03%)<sup>(a)</sup> | &nbsp;&nbsp; 595 | 526743 |
| 1.93%, 04/28/32, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 177436 |
| 2.24%, 07/21/32, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 560 | 502139 |
| 2.48%, 09/16/36, (1-day SOFR + 1.36%)<sup>(a)</sup> | &nbsp;&nbsp; 115 | 101757 |
| 2.51%, 10/20/32, (1-day SOFR + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 575 | 521166 |
| 2.70%, 01/22/31, (1-day SOFR + 1.14%)<sup>(a)</sup> | &nbsp;&nbsp; 292 | 276098 |
| 2.80%, 01/25/52, (1-day SOFR + 1.43%)<sup>(a)</sup> | &nbsp;&nbsp; 475 | 304433 |
| 2.94%, 01/21/33, (1-day SOFR + 1.29%)<sup>(a)</sup> | &nbsp;&nbsp; 370 | 340682 |
| 3.59%, 07/22/28<sup>(a)</sup> | &nbsp;&nbsp; 752 | 747585 |
| 3.62%, 04/01/31, (1-day SOFR + 3.12%)<sup>(a)</sup> | &nbsp;&nbsp; 384 | 375377 |
| 3.77%, 01/24/29, (3-mo. CME Term SOFR + <br> 1.40%)<sup>(a)</sup><br>| &nbsp;&nbsp; 750 | 746935 |
| 3.95%, 04/23/27 | &nbsp;&nbsp; 510 | 509795 |
| 3.97%, 07/22/38<sup>(a)</sup> | &nbsp;&nbsp; 860 | 780725 |
| 4.21%, 04/20/28, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 20037 |
| 4.30%, 01/27/45 | &nbsp;&nbsp; 840 | 732123 |
| 4.38%, 01/22/47 | &nbsp;&nbsp; 662 | 574838 |
| 4.43%, 01/23/30, (3-mo. CME Term SOFR + <br> 1.89%)<sup>(a)</sup><br>| &nbsp;&nbsp; 297 | 299588 |
| 4.46%, 04/22/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(a)</sup><br>| &nbsp;&nbsp; 735 | 696158 |
| 4.49%, 01/16/32, (1-day SOFR + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 201027 |
| 4.65%, 10/18/30, (1-day SOFR + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 335 | 340383 |
| 4.89%, 07/20/33, (1-day SOFR + 2.08%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | 45835 |
| 4.99%, 04/12/29, (1-day SOFR + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | 30542 |
| 5.04%, 07/19/30, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 140 | 143898 |
| 5.07%, 01/30/37, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 225 | 226898 |
| 5.12%, 02/01/29, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 130 | 132672 |
| 5.16%, 04/20/29, (1-day SOFR + 1.59%)<sup>(a)</sup> | &nbsp;&nbsp; 395 | 403872 |
| 5.19%, 04/17/31, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 250 | 258875 |
| 5.23%, 01/15/31, (1-day SOFR + 1.11%)<sup>(a)</sup> | &nbsp;&nbsp; 195 | 201888 |
| 5.25%, 04/21/34, (1-day SOFR + 1.87%)<sup>(a)</sup> | &nbsp;&nbsp; 370 | 382941 |
| 5.30%, 04/20/37, (1-day SOFR + 2.62%)<sup>(a)</sup> | &nbsp;&nbsp; 560 | 573720 |
| 5.31%, 01/18/41, (5-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 64668 |
| 5.32%, 07/19/35, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 265 | 274190 |
| 5.42%, 07/21/34, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 380 | 396776 |
| 5.45%, 07/20/29, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 140 | 144361 |
| 5.47%, 01/18/35, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 285 | 297824 |
| 5.52%, 11/19/55, (1-day SOFR + 1.71%)<sup>(a)</sup> | &nbsp;&nbsp; 295 | 294371 |
| 5.59%, 01/18/36, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 250 | 262737 |
| 5.60%, 03/24/51, (1-day SOFR + 4.84%)<sup>(a)</sup> | &nbsp;&nbsp; 383 | 387238 |
| 5.66%, 04/18/30, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 57444 |
| 5.66%, 04/17/36, (1-day SOFR + 1.76%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 132096 |
| 5.83%, 04/19/35, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 755 | 806190 |
| 5.94%, 02/07/39, (5-year CMT + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 420 | 442080 |
| 5.95%, 01/19/38, (5-year CMT + 2.43%)<sup>(a)</sup> | &nbsp;&nbsp; 435 | 458877 |
| 6.30%, 10/18/28, (1-day SOFR + 2.24%)<sup>(a)</sup> | &nbsp;&nbsp; 360 | 372992 |
| 6.34%, 10/18/33, (1-day SOFR + 2.56%)<sup>(a)</sup> | &nbsp;&nbsp; 315 | 346228 |
| 6.38%, 07/24/42 | &nbsp;&nbsp; 596 | 665407 |
| 6.63%, 11/01/34, (1-day SOFR + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; 140 | 157048 |
| 7.25%, 04/01/32 | &nbsp;&nbsp; 845 | 978335 |
| Series I, 4.36%, 10/22/31, (1-day SOFR + <br> 1.07%)<sup>(a)</sup><br>| &nbsp;&nbsp; 205 | 205255 |
| Series I, 4.89%, 10/22/36, (1-day SOFR + <br> 1.31%)<sup>(a)</sup><br>| &nbsp;&nbsp; 170 | 169112 |
| Morgan Stanley Bank N.A., 5.02%, 01/12/29, <br> (1-day SOFR + 0.91%)<sup>(a)</sup><br>| &nbsp;&nbsp; 250 | 254733 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| National Bank of Canada |  |  |
| 4.17%, 01/20/29, (1-day SOFR Index + <br> 0.76%)<sup>(a)</sup><br>| &nbsp;&nbsp; $250 | $250873 |
| 4.50%, 10/10/29 | &nbsp;&nbsp; 4160 | 4225679 |
| 5.60%, 12/18/28 | &nbsp;&nbsp; 4065 | 4241525 |
| NatWest Group PLC |  |  |
| 3.03%, 11/28/35, (5-year CMT + 2.35%)<sup>(a)</sup> | &nbsp;&nbsp; 470 | 437621 |
| 3.07%, 05/22/28, (1-year CMT + 2.55%)<sup>(a)</sup> | &nbsp;&nbsp; 185 | 183062 |
| 4.45%, 05/08/30, (3-mo. SOFR US + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 764 | 769837 |
| 4.89%, 05/18/29, (3-mo. SOFR US + 2.01%)<sup>(a)</sup> | &nbsp;&nbsp; 550 | 559556 |
| 5.08%, 01/27/30, (3-mo. SOFR US + 2.17%)<sup>(a)</sup> | &nbsp;&nbsp; 950 | 974169 |
| 5.58%, 03/01/28, (1-year CMT + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 203149 |
| 5.78%, 03/01/35, (1-year CMT + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 255 | 271085 |
| 5.81%, 09/13/29, (1-year CMT + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 205 | 213534 |
| 5.91%, 03/03/47, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 198678 |
| 6.48%, 06/01/34, (5-year CMT + 2.20%)<sup>(a)</sup> | &nbsp;&nbsp; 220 | 231971 |
| Northern Trust Corp. |  |  |
| 3.15%, 05/03/29 | &nbsp;&nbsp; 1096 | 1075565 |
| 3.38%, 05/08/32, (3-mo. SOFR US + 1.39%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 123732 |
| 3.65%, 08/03/28 | &nbsp;&nbsp; 664 | 663969 |
| 6.13%, 11/02/32 | &nbsp;&nbsp; 50 | 54705 |
| PNC Bank N.A. |  |  |
| 3.10%, 10/25/27 | &nbsp;&nbsp; 360 | 356072 |
| 3.25%, 01/22/28 | &nbsp;&nbsp; 215 | 213211 |
| 4.05%, 07/26/28 | &nbsp;&nbsp; 250 | 250267 |
| 4.43%, 07/21/28, (1-day SOFR + 0.73%)<sup>(a)</sup> | &nbsp;&nbsp; 250 | 251638 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.31%, 04/23/32, (1-day SOFR + 0.98%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 50100 |
| 2.55%, 01/22/30 | &nbsp;&nbsp; 550 | 521386 |
| 3.15%, 05/19/27 | &nbsp;&nbsp; 245 | 243143 |
| 3.45%, 04/23/29 | &nbsp;&nbsp; 718 | 710416 |
| 4.63%, 06/06/33, (1-day SOFR Index + <br> 1.85%)<sup>(a)</sup><br>| &nbsp;&nbsp; 75 | 74834 |
| 4.81%, 10/21/32, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 240 | 245255 |
| 4.90%, 05/13/31, (1-day SOFR + 1.33%)<sup>(a)</sup> | &nbsp;&nbsp; 250 | 256672 |
| 5.07%, 01/24/34, (1-day SOFR + 1.93%)<sup>(a)</sup> | &nbsp;&nbsp; 295 | 304349 |
| 5.22%, 01/29/31, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 240 | 249160 |
| 5.35%, 12/02/28, (1-day SOFR + 1.62%)<sup>(a)</sup> | &nbsp;&nbsp; 135 | 138398 |
| 5.37%, 07/21/36, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | 82866 |
| 5.40%, 07/23/35, (1-day SOFR + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 415 | 432208 |
| 5.42%, 01/25/41, (5-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 170 | 171659 |
| 5.49%, 05/14/30, (1-day SOFR + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 109631 |
| 5.58%, 06/12/29, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 386 | 399717 |
| 5.58%, 01/29/36, (1-day SOFR + 1.39%)<sup>(a)</sup> | &nbsp;&nbsp; 155 | 163262 |
| 5.68%, 01/22/35, (1-day SOFR + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 240 | 254479 |
| 5.94%, 08/18/34, (1-day SOFR + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 255 | 275335 |
| 6.04%, 10/28/33, (1-day SOFR Index + <br> 2.14%)<sup>(a)</sup><br>| &nbsp;&nbsp; 245 | 265937 |
| 6.88%, 10/20/34, (1-day SOFR + 2.28%)<sup>(a)</sup> | &nbsp;&nbsp; 425 | 482449 |
| Regions Banks, 6.45%, 06/26/37 | &nbsp;&nbsp; 268 | 293511 |
| Regions Financial Corp. |  |  |
| 1.80%, 08/12/28 | &nbsp;&nbsp; 165 | 156446 |
| 7.38%, 12/10/37 | &nbsp;&nbsp; 278 | 324968 |
| Royal Bank of Canada |  |  |
| 2.30%, 11/03/31 | &nbsp;&nbsp; 10 | 9129 |
| 3.63%, 05/04/27 | &nbsp;&nbsp; 285 | 284597 |
| 3.88%, 05/04/32 | &nbsp;&nbsp; 205 | 201347 |
| 4.00%, 11/03/28, (1-day SOFR + 0.70%)<sup>(a)</sup> | &nbsp;&nbsp; 290 | 290334 |
| 4.24%, 08/03/27 | &nbsp;&nbsp; 575 | 578692 |
| 4.31%, 11/03/31, (1-day SOFR + 0.98%)<sup>(a)</sup> | &nbsp;&nbsp; 285 | 286695 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.52%, 10/18/28, (1-day SOFR Index + <br> 0.86%)<sup>(a)</sup><br>| &nbsp;&nbsp; $45 | $45449 |
| 4.65%, 10/18/30, (1-day SOFR Index + <br> 1.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; 95 | 96813 |
| 4.70%, 08/06/31, (1-day SOFR + 1.06%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 76616 |
| 4.72%, 03/27/28, (1-day SOFR Index + <br> 0.81%)<sup>(a)</sup><br>| &nbsp;&nbsp; 100 | 100891 |
| 4.90%, 01/12/28 | &nbsp;&nbsp; 510 | 520743 |
| 4.95%, 02/01/29 | &nbsp;&nbsp; 275 | 283705 |
| 4.97%, 01/24/29, (1-day SOFR + 0.83%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | 96895 |
| 4.97%, 08/02/30, (1-day SOFR + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 107964 |
| 4.97%, 05/02/31, (1-day SOFR Index + <br> 1.13%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 100 | 103177 |
| 5.00%, 02/01/33 | &nbsp;&nbsp; 620 | 642958 |
| 5.00%, 05/02/33 | &nbsp;&nbsp; 390 | 404695 |
| 5.15%, 02/04/31, (1-day SOFR + 1.03%)<sup>(a)</sup> | &nbsp;&nbsp; 100 | 103669 |
| 5.15%, 02/01/34 | &nbsp;&nbsp; 220 | 231517 |
| 5.20%, 08/01/28 | &nbsp;&nbsp; 335 | 345165 |
| 6.00%, 11/01/27 | &nbsp;&nbsp; 385 | 398628 |
| Santander Holdings USA, Inc. |  |  |
| 4.40%, 07/13/27 | &nbsp;&nbsp; 1272 | 1273991 |
| 5.35%, 09/06/30, (1-day SOFR + 1.94%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | 72014 |
| 5.47%, 03/20/29, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 175 | 178856 |
| 5.74%, 03/20/31, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 225 | 233986 |
| 6.17%, 01/09/30, (1-day SOFR + 2.50%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 67839 |
| 6.34%, 05/31/35, (1-day SOFR + 2.14%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 70 | 75412 |
| 6.50%, 03/09/29, (1-day SOFR + 2.36%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | 46864 |
| 6.57%, 06/12/29, (1-day SOFR + 2.70%)<sup>(a)</sup> | &nbsp;&nbsp; 87 | 90913 |
| 7.66%, 11/09/31, (1-day SOFR + 3.28%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 84648 |
| Santander U.K. Group Holdings PLC |  |  |
| 2.90%, 03/15/32, (1-day SOFR + 1.48%)<sup>(a)</sup> | &nbsp;&nbsp; 155 | 143880 |
| 3.82%, 11/03/28, (3-mo. SOFR US + 1.66%)<sup>(a)</sup> | &nbsp;&nbsp; 440 | 438059 |
| 4.32%, 09/22/29, (1-day SOFR Index + <br> 1.07%)<sup>(a)</sup><br>| &nbsp;&nbsp; 200 | 200656 |
| 4.86%, 09/11/30, (1-day SOFR Index + <br> 1.55%)<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 15267 |
| 5.14%, 09/22/36, (1-day SOFR+ 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 200147 |
| 5.69%, 04/15/31, (1-day SOFR Index + <br> 1.52%)<sup>(a)</sup><br>| &nbsp;&nbsp; 90 | 94434 |
| 6.53%, 01/10/29, (1-day SOFR + 2.60%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 67803 |
| State Street Corp. |  |  |
| 2.40%, 01/24/30 | &nbsp;&nbsp; 995 | 946004 |
| 2.62%, 02/07/33, (1-day SOFR + 1.00%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | 77335 |
| 3.03%, 11/01/34, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 363 | 346688 |
| 4.14%, 12/03/29, (3-mo. CME Term SOFR + <br> 1.29%)<sup>(a)</sup><br>| &nbsp;&nbsp; 317 | 319064 |
| 4.16%, 08/04/33, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 19735 |
| 4.54%, 02/28/28 | &nbsp;&nbsp; 55 | 55870 |
| 4.68%, 10/22/32, (1-day SOFR + 1.05%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | 40873 |
| 4.73%, 02/28/30 | &nbsp;&nbsp; 50 | 51383 |
| 4.78%, 10/23/36, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 124791 |
| 4.82%, 01/26/34, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15292 |
| 4.83%, 04/24/30 | &nbsp;&nbsp; 50 | 51519 |
| 5.15%, 02/28/36, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 20586 |
| 5.16%, 05/18/34, (1-day SOFR + 1.89%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 20753 |
| 5.68%, 11/21/29, (1-day SOFR + 1.48%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | 62719 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 1.71%, 01/12/31 | &nbsp;&nbsp; 1055 | 940435 |
| 1.90%, 09/17/28 | &nbsp;&nbsp; 605 | 574876 |
| 2.13%, 07/08/30 | &nbsp;&nbsp; 1030 | 947872 |
| 2.14%, 09/23/30 | &nbsp;&nbsp; 55 | 50339 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.30%, 01/12/41 | &nbsp;&nbsp; $510 | $366076 |
| 2.47%, 01/14/29 | &nbsp;&nbsp; 55 | 52847 |
| 2.72%, 09/27/29 | &nbsp;&nbsp; 115 | 109962 |
| 2.75%, 01/15/30 | &nbsp;&nbsp; 215 | 204766 |
| 3.04%, 07/16/29 | &nbsp;&nbsp; 565 | 547001 |
| 3.35%, 10/18/27 | &nbsp;&nbsp; 322 | 320185 |
| 3.36%, 07/12/27 | &nbsp;&nbsp; 283 | 281356 |
| 3.54%, 01/17/28 | &nbsp;&nbsp; 190 | 188934 |
| 3.94%, 07/19/28 | &nbsp;&nbsp; 175 | 175407 |
| 4.11%, 01/15/29 | &nbsp;&nbsp; 200 | 200804 |
| 4.31%, 10/16/28 | &nbsp;&nbsp; 313 | 316077 |
| 4.49%, 01/15/32, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 202093 |
| 5.05%, 01/15/37, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 215 | 217522 |
| 5.25%, 07/08/36, (1-day SOFR + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 505 | 522447 |
| 5.33%, 03/03/41, (5-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 150649 |
| 5.42%, 07/09/31 | &nbsp;&nbsp; 125 | 131657 |
| 5.52%, 01/13/28 | &nbsp;&nbsp; 245 | 252431 |
| 5.56%, 07/09/34 | &nbsp;&nbsp; 535 | 566146 |
| 5.57%, 01/15/47, (1-day SOFR + 1.36%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 203796 |
| 5.63%, 01/15/35 | &nbsp;&nbsp; 740 | 789967 |
| 5.71%, 01/13/30 | &nbsp;&nbsp; 10 | 10573 |
| 5.77%, 01/13/33 | &nbsp;&nbsp; 410 | 439888 |
| 5.78%, 07/13/33 | &nbsp;&nbsp; 250 | 269207 |
| 5.80%, 07/13/28 | &nbsp;&nbsp; 205 | 213531 |
| 5.81%, 09/14/33 | &nbsp;&nbsp; 140 | 151033 |
| 5.85%, 07/13/30 | &nbsp;&nbsp; 200 | 213417 |
| Synchrony Bank, 5.63%, 08/23/27 | &nbsp;&nbsp; 620 | 631588 |
| Toronto-Dominion Bank(The) |  |  |
| 2.00%, 09/10/31 | &nbsp;&nbsp; 190 | 171340 |
| 2.45%, 01/12/32 | &nbsp;&nbsp; 125 | 113368 |
| 3.20%, 03/10/32 | &nbsp;&nbsp; 70 | 65934 |
| 4.41%, 01/13/31 | &nbsp;&nbsp; 25 | 25296 |
| 4.46%, 06/08/32 | &nbsp;&nbsp; 375 | 377797 |
| 4.78%, 12/17/29 | &nbsp;&nbsp; 90 | 92599 |
| 4.81%, 06/03/30 | &nbsp;&nbsp; 200 | 205559 |
| 4.93%, 10/15/35 | &nbsp;&nbsp; 50 | 50432 |
| 4.99%, 04/05/29 | &nbsp;&nbsp; 110 | 113242 |
| 5.15%, 09/10/34, (5-year CMT + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 76549 |
| 5.16%, 01/10/28 | &nbsp;&nbsp; 480 | 490840 |
| 5.30%, 01/30/32 | &nbsp;&nbsp; 160 | 168242 |
| 5.52%, 07/17/28 | &nbsp;&nbsp; 555 | 574994 |
| Truist Bank, 2.25%, 03/11/30 | &nbsp;&nbsp; 250 | 231054 |
| Truist Financial Corp. |  |  |
| 4.92%, 07/28/33, (1-day SOFR + 2.24%)<sup>(a)</sup> | &nbsp;&nbsp; 470 | 473999 |
| 5.12%, 01/26/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 185 | 189683 |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(a)</sup> | &nbsp;&nbsp; 100 | 105879 |
| 5.87%, 06/08/34, (1-day SOFR + 2.36%)<sup>(a)</sup> | &nbsp;&nbsp; 215 | 230026 |
| U.S. Bancorp |  |  |
| 2.49%, 11/03/36, (5-year CMT + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 400 | 354032 |
| 2.68%, 01/27/33, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | 63683 |
| 4.48%, 01/26/32, (1-day SOFR + 0.87%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75857 |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 295 | 299256 |
| 4.97%, 07/22/33, (1-day SOFR + 2.11%)<sup>(a)</sup> | &nbsp;&nbsp; 160 | 162826 |
| 5.03%, 01/26/37, (1-day SOFR + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75723 |
| 5.68%, 01/23/35, (1-day SOFR + 1.86%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 116878 |
| 5.78%, 06/12/29, (1-day SOFR + 2.02%)<sup>(a)</sup> | &nbsp;&nbsp; 235 | 244177 |
| 5.84%, 06/12/34, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 93 | 99667 |
| 5.85%, 10/21/33, (1-day SOFR + 2.09%)<sup>(a)</sup> | &nbsp;&nbsp; 250 | 269360 |
| UBS AG/London, 5.65%, 09/11/28 | &nbsp;&nbsp; 1360 | 1418013 |
| UBS AG/Stamford CT, 5.00%, 07/09/27 | &nbsp;&nbsp; 40 | 40685 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Wells Fargo & Co. |  |  |
| 3.07%, 04/30/41, (1-day SOFR + 2.53%)<sup>(a)</sup> | &nbsp;&nbsp; $1110 | $865807 |
| 4.40%, 06/14/46 | &nbsp;&nbsp; 715 | 601427 |
| 4.61%, 04/25/53, (1-day SOFR + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 17235 |
| 4.65%, 11/04/44 | &nbsp;&nbsp; 215 | 188966 |
| 4.75%, 12/07/46 | &nbsp;&nbsp; 565 | 499722 |
| 4.90%, 11/17/45 | &nbsp;&nbsp; 55 | 49533 |
| 5.01%, 04/04/51, (3-mo. CME Term SOFR + <br> 4.50%)<sup>(a)</sup><br>| &nbsp;&nbsp; 250 | 228573 |
| 5.61%, 01/15/44 | &nbsp;&nbsp; 325 | 323348 |
| 5.95%, 12/01/86 | &nbsp;&nbsp; 740 | 783937 |
| Westpac Banking Corp. |  |  |
| 2.67%, 11/15/35, (5-year CMT + 1.75%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 183743 |
| 3.02%, 11/18/36, (5-year CMT + 1.53%)<sup>(a)</sup> | &nbsp;&nbsp; 360 | 329612 |
| 3.35%, 03/08/27 | &nbsp;&nbsp; 338 | 336947 |
| 3.40%, 01/25/28 | &nbsp;&nbsp; 1002 | 997594 |
| 4.11%, 07/24/34, (5-year CMT + 2.00%)<sup>(a)</sup> | &nbsp;&nbsp; 214 | 212159 |
| 4.42%, 07/24/39 | &nbsp;&nbsp; 10 | 9348 |
| 5.41%, 08/10/33, (1-year CMT + 2.68%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | 73017 |
| 5.62%, 11/20/35, (1-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 26169 |
|  |  | 237925455 |
| **Beverages — 0.7%** | **Beverages — 0.7%** | **Beverages — 0.7%** |
| Anheuser-Busch Companies LLC/Anheuser-Busch <br> InBev Worldwide, Inc.<br>|  |  |
| 4.70%, 02/01/36 | &nbsp;&nbsp; 1137 | 1139394 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 1355 | 1274185 |
| Anheuser-Busch InBev Finance, Inc. |  |  |
| 4.63%, 02/01/44 | &nbsp;&nbsp; 100 | 92054 |
| 4.70%, 02/01/36 | &nbsp;&nbsp; 945 | 948410 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 418 | 390895 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 665 | 655316 |
| 4.38%, 04/15/38 | &nbsp;&nbsp; 519 | 499292 |
| 4.44%, 10/06/48 | &nbsp;&nbsp; 470 | 412240 |
| 4.60%, 04/15/48 | &nbsp;&nbsp; 5 | 4496 |
| 4.75%, 01/23/29 | &nbsp;&nbsp; 486 | 497517 |
| 4.75%, 04/15/58 | &nbsp;&nbsp; 220 | 196154 |
| 4.90%, 01/23/31 | &nbsp;&nbsp; 448 | 466538 |
| 4.95%, 01/15/42 | &nbsp;&nbsp; 362 | 351444 |
| 5.00%, 06/15/34 | &nbsp;&nbsp; 160 | 166475 |
| 5.45%, 01/23/39 | &nbsp;&nbsp; 403 | 422553 |
| 5.55%, 01/23/49 | &nbsp;&nbsp; 708 | 712377 |
| 5.80%, 01/23/59 | &nbsp;&nbsp; 400 | 415109 |
| 5.88%, 06/15/35 | &nbsp;&nbsp; 205 | 225698 |
| 8.00%, 11/15/39 | &nbsp;&nbsp; 104 | 134726 |
| 8.20%, 01/15/39 | &nbsp;&nbsp; 325 | 423420 |
| Brown-Forman Corp. |  |  |
| 4.00%, 04/15/38 | &nbsp;&nbsp; 63 | 57891 |
| 4.50%, 07/15/45 | &nbsp;&nbsp; 264 | 235172 |
| Coca-Cola Co.(The) |  |  |
| 1.00%, 03/15/28 | &nbsp;&nbsp; 460 | 437480 |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 645 | 572103 |
| 1.65%, 06/01/30 | &nbsp;&nbsp; 371 | 339912 |
| 2.00%, 03/05/31 | &nbsp;&nbsp; 245 | 224460 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 135 | 128213 |
| 2.25%, 01/05/32 | &nbsp;&nbsp; 300 | 273438 |
| 2.50%, 06/01/40 | &nbsp;&nbsp; 422 | 320201 |
| 2.50%, 03/15/51 | &nbsp;&nbsp; 120 | 73840 |
| 2.60%, 06/01/50 | &nbsp;&nbsp; 493 | 312862 |
| 2.75%, 06/01/60 | &nbsp;&nbsp; 204 | 122009 |
| 2.90%, 05/25/27 | &nbsp;&nbsp; 290 | 287614 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 3.00%, 03/05/51 | &nbsp;&nbsp; $170 | $115749 |
| 3.45%, 03/25/30 | &nbsp;&nbsp; 30 | 29659 |
| 4.20%, 03/25/50 | &nbsp;&nbsp; 330 | 283466 |
| 4.65%, 08/14/34 | &nbsp;&nbsp; 135 | 139561 |
| 5.00%, 05/13/34 | &nbsp;&nbsp; 120 | 126292 |
| 5.20%, 01/14/55 | &nbsp;&nbsp; 240 | 235197 |
| 5.30%, 05/13/54 | &nbsp;&nbsp; 60 | 59600 |
| 5.40%, 05/13/64 | &nbsp;&nbsp; 245 | 242295 |
| Constellation Brands, Inc. |  |  |
| 3.75%, 05/01/50 | &nbsp;&nbsp; 106 | 79924 |
| 4.10%, 02/15/48 | &nbsp;&nbsp; 90 | 72489 |
| 4.50%, 05/09/47 | &nbsp;&nbsp; 127 | 109171 |
| 5.25%, 11/15/48 | &nbsp;&nbsp; 106 | 99818 |
| Diageo Capital PLC |  |  |
| 2.00%, 04/29/30 | &nbsp;&nbsp; 955 | 879681 |
| 2.13%, 04/29/32 | &nbsp;&nbsp; 1515 | 1334463 |
| 2.38%, 10/24/29 | &nbsp;&nbsp; 3150 | 2982650 |
| 3.88%, 05/18/28 | &nbsp;&nbsp; 915 | 916806 |
| 3.88%, 04/29/43 | &nbsp;&nbsp; 2510 | 2097688 |
| 5.30%, 10/24/27 | &nbsp;&nbsp; 885 | 905798 |
| 5.63%, 10/05/33 | &nbsp;&nbsp; 635 | 680635 |
| Diageo Investment Corp. |  |  |
| 4.25%, 05/11/42<sup>(b)</sup> | &nbsp;&nbsp; 1615 | 1432553 |
| 7.45%, 04/15/35 | &nbsp;&nbsp; 360 | 436349 |
| Fomento Economico Mexicano SAB de CV, 3.50%, <br> 01/16/50<br>| &nbsp;&nbsp; 30 | 22735 |
| Keurig Dr Pepper, Inc. |  |  |
| 3.20%, 05/01/30 | &nbsp;&nbsp; 139 | 133053 |
| 3.43%, 06/15/27 | &nbsp;&nbsp; 135 | 133986 |
| 3.80%, 05/01/50 | &nbsp;&nbsp; 222 | 163783 |
| 4.05%, 04/15/32 | &nbsp;&nbsp; 290 | 282028 |
| 4.35%, 05/15/28 | &nbsp;&nbsp; 25 | 25137 |
| 4.42%, 12/15/46 | &nbsp;&nbsp; 50 | 41568 |
| 4.50%, 11/15/45 | &nbsp;&nbsp; 69 | 58962 |
| 4.50%, 04/15/52 | &nbsp;&nbsp; 260 | 214936 |
| 4.60%, 05/25/28 | &nbsp;&nbsp; 325 | 328217 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 25 | 25244 |
| 5.09%, 05/25/48 | &nbsp;&nbsp; 35 | 31850 |
| 5.10%, 03/15/27 | &nbsp;&nbsp; 100 | 101053 |
| 5.15%, 05/15/35 | &nbsp;&nbsp; 25 | 25316 |
| 5.30%, 03/15/34 | &nbsp;&nbsp; 125 | 128630 |
| Molson Coors Beverage Co. |  |  |
| 4.20%, 07/15/46 | &nbsp;&nbsp; 550 | 446921 |
| 5.00%, 05/01/42 | &nbsp;&nbsp; 407 | 381226 |
| PepsiCo, Inc. |  |  |
| 1.95%, 10/21/31 | &nbsp;&nbsp; 55 | 49386 |
| 2.63%, 07/29/29 | &nbsp;&nbsp; 835 | 804835 |
| 2.75%, 03/19/30 | &nbsp;&nbsp; 194 | 185947 |
| 2.88%, 10/15/49 | &nbsp;&nbsp; 90 | 60702 |
| 3.38%, 07/29/49 | &nbsp;&nbsp; 175 | 129327 |
| 3.50%, 03/19/40 | &nbsp;&nbsp; 25 | 21556 |
| 3.63%, 03/19/50 | &nbsp;&nbsp; 276 | 212754 |
| 3.88%, 03/19/60 | &nbsp;&nbsp; 55 | 42594 |
| 3.90%, 07/18/32 | &nbsp;&nbsp; 70 | 69464 |
| 4.00%, 03/05/42 | &nbsp;&nbsp; 305 | 267841 |
| 4.00%, 05/02/47 | &nbsp;&nbsp; 195 | 163407 |
| 4.20%, 07/18/52 | &nbsp;&nbsp; 25 | 21001 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 105 | 106670 |
| 4.45%, 02/15/33 | &nbsp;&nbsp; 50 | 51280 |
| 4.45%, 04/14/46 | &nbsp;&nbsp; 95 | 86035 |
| 4.50%, 07/17/29 | &nbsp;&nbsp; 50 | 51173 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 4.65%, 02/15/53 | &nbsp;&nbsp; $45 | $40558 |
| 4.80%, 07/17/34 | &nbsp;&nbsp; 45 | 46528 |
| 4.88%, 11/01/40 | &nbsp;&nbsp; 345 | 344979 |
| 5.25%, 07/17/54 | &nbsp;&nbsp; 45 | 44680 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 10 | 10643 |
| 7.00%, 03/01/29 | &nbsp;&nbsp; 20 | 21848 |
|  |  | 31451185 |
| **Biotechnology — 0.4%** | **Biotechnology — 0.4%** | **Biotechnology — 0.4%** |
| Amgen, Inc. |  |  |
| 2.30%, 02/25/31 | &nbsp;&nbsp; 430 | 395187 |
| 2.45%, 02/21/30 | &nbsp;&nbsp; 731 | 689463 |
| 2.77%, 09/01/53 | &nbsp;&nbsp; 240 | 146283 |
| 3.00%, 01/15/52 | &nbsp;&nbsp; 235 | 156848 |
| 3.15%, 02/21/40 | &nbsp;&nbsp; 240 | 192782 |
| 3.20%, 11/02/27 | &nbsp;&nbsp; 757 | 749769 |
| 3.38%, 02/21/50 | &nbsp;&nbsp; 360 | 261978 |
| 4.20%, 03/01/33 | &nbsp;&nbsp; 420 | 414661 |
| 4.20%, 02/22/52 | &nbsp;&nbsp; 190 | 153651 |
| 4.40%, 05/01/45 | &nbsp;&nbsp; 540 | 471607 |
| 4.40%, 02/22/62 | &nbsp;&nbsp; 305 | 243764 |
| 4.56%, 06/15/48 | &nbsp;&nbsp; 464 | 404834 |
| 4.66%, 06/15/51 | &nbsp;&nbsp; 518 | 452754 |
| 4.88%, 03/01/53 | &nbsp;&nbsp; 95 | 84699 |
| 4.95%, 10/01/41 | &nbsp;&nbsp; 235 | 225724 |
| 5.15%, 11/15/41 | &nbsp;&nbsp; 197 | 193125 |
| 5.25%, 03/02/33 | &nbsp;&nbsp; 740 | 774461 |
| 5.65%, 06/15/42 | &nbsp;&nbsp; 230 | 237846 |
| 5.65%, 03/02/53 | &nbsp;&nbsp; 485 | 484037 |
| 5.75%, 03/15/40 | &nbsp;&nbsp; 55 | 58283 |
| 5.75%, 03/02/63 | &nbsp;&nbsp; 425 | 420595 |
| 6.38%, 06/01/37 | &nbsp;&nbsp; 250 | 281274 |
| 6.40%, 02/01/39 | &nbsp;&nbsp; 190 | 212695 |
| Baxalta, Inc., 5.25%, 06/23/45 | &nbsp;&nbsp; 255 | 248097 |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/30 | &nbsp;&nbsp; 460 | 426577 |
| 3.15%, 05/01/50 | &nbsp;&nbsp; 312 | 205289 |
| 3.25%, 02/15/51 | &nbsp;&nbsp; 185 | 122714 |
| 5.05%, 01/15/31 | &nbsp;&nbsp; 30 | 31117 |
| 5.20%, 09/15/45 | &nbsp;&nbsp; 482 | 451717 |
| 5.75%, 05/15/35 | &nbsp;&nbsp; 25 | 26649 |
| 6.45%, 05/15/55 | &nbsp;&nbsp; 10 | 10686 |
| Gilead Sciences, Inc. |  |  |
| 1.20%, 10/01/27 | &nbsp;&nbsp; 1850 | 1779427 |
| 1.65%, 10/01/30 | &nbsp;&nbsp; 605 | 546952 |
| 2.80%, 10/01/50 | &nbsp;&nbsp; 351 | 225292 |
| 2.95%, 03/01/27 | &nbsp;&nbsp; 923 | 916318 |
| 4.00%, 09/01/36 | &nbsp;&nbsp; 484 | 456239 |
| 4.15%, 03/01/47 | &nbsp;&nbsp; 580 | 486926 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 445 | 397542 |
| 4.60%, 09/01/35 | &nbsp;&nbsp; 555 | 554236 |
| 4.75%, 03/01/46 | &nbsp;&nbsp; 546 | 499874 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 150 | 154582 |
| 4.80%, 04/01/44 | &nbsp;&nbsp; 573 | 536017 |
| 5.10%, 06/15/35 | &nbsp;&nbsp; 380 | 393199 |
| 5.25%, 10/15/33 | &nbsp;&nbsp; 405 | 427398 |
| 5.50%, 11/15/54 | &nbsp;&nbsp; 155 | 154427 |
| 5.55%, 10/15/53 | &nbsp;&nbsp; 150 | 150879 |
| 5.60%, 11/15/64 | &nbsp;&nbsp; 135 | 135262 |
| 5.65%, 12/01/41 | &nbsp;&nbsp; 490 | 513253 |
| Regeneron Pharmaceuticals, Inc., 2.80%, <br> 09/15/50<br>| &nbsp;&nbsp; 109 | 67478 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology (continued)** | **Biotechnology (continued)** | **Biotechnology (continued)** |
| Royalty Pharma PLC |  |  |
| 4.45%, 03/25/31 | &nbsp;&nbsp; $25 | $25137 |
| 5.20%, 09/25/35 | &nbsp;&nbsp; 25 | 25392 |
| 5.40%, 09/02/34 | &nbsp;&nbsp; 25 | 25848 |
| 5.90%, 09/02/54 | &nbsp;&nbsp; 265 | 266041 |
| 5.95%, 09/25/55 | &nbsp;&nbsp; 75 | 75796 |
|  |  | 18042681 |
| **Building Materials — 0.7%** | **Building Materials — 0.7%** | **Building Materials — 0.7%** |
| Carlisle Companies, Inc. |  |  |
| 2.75%, 03/01/30 | &nbsp;&nbsp; 152 | 144252 |
| 3.75%, 12/01/27 | &nbsp;&nbsp; 5 | 4984 |
| Carrier Global Corp. |  |  |
| 2.70%, 02/15/31 | &nbsp;&nbsp; 660 | 617695 |
| 2.72%, 02/15/30 | &nbsp;&nbsp; 840 | 798203 |
| 3.38%, 04/05/40 | &nbsp;&nbsp; 130 | 106454 |
| 3.58%, 04/05/50 | &nbsp;&nbsp; 446 | 334111 |
| 5.90%, 03/15/34 | &nbsp;&nbsp; 469 | 506899 |
| 6.20%, 03/15/54 | &nbsp;&nbsp; 51 | 56069 |
| CRH America Finance, Inc. |  |  |
| 4.40%, 02/09/31 | &nbsp;&nbsp; 225 | 226597 |
| 5.00%, 02/09/36 | &nbsp;&nbsp; 215 | 217588 |
| 5.40%, 05/21/34 | &nbsp;&nbsp; 2400 | 2508176 |
| 5.50%, 01/09/35 | &nbsp;&nbsp; 460 | 483901 |
| 5.60%, 02/09/56 | &nbsp;&nbsp; 170 | 169975 |
| 5.88%, 01/09/55 | &nbsp;&nbsp; 1550 | 1607895 |
| CRH SMW Finance DAC |  |  |
| 5.13%, 01/09/30 | &nbsp;&nbsp; 1720 | 1780278 |
| 5.20%, 05/21/29 | &nbsp;&nbsp; 2400 | 2485937 |
| Fortune Brands Innovations, Inc. |  |  |
| 3.25%, 09/15/29 | &nbsp;&nbsp; 577 | 558939 |
| 4.00%, 03/25/32 | &nbsp;&nbsp; 995 | 966560 |
| 4.50%, 03/25/52 | &nbsp;&nbsp; 305 | 247965 |
| 5.88%, 06/01/33 | &nbsp;&nbsp; 1002 | 1072052 |
| Johnson Controls International PLC |  |  |
| 4.50%, 02/15/47 | &nbsp;&nbsp; 137 | 120876 |
| 4.63%, 07/02/44 | &nbsp;&nbsp; 75 | 67861 |
| 4.95%, 07/02/64<sup>(d)</sup> | &nbsp;&nbsp; 50 | 44561 |
| 5.13%, 09/14/45 | &nbsp;&nbsp; 34 | 32215 |
| 6.00%, 01/15/36 | &nbsp;&nbsp; 425 | 464252 |
| Johnson Controls International PLC/Tyco Fire & <br> Security Finance SCA<br>|  |  |
| 1.75%, 09/15/30 | &nbsp;&nbsp; 1220 | 1103666 |
| 2.00%, 09/16/31 | &nbsp;&nbsp; 665 | 592703 |
| 4.90%, 12/01/32 | &nbsp;&nbsp; 195 | 200366 |
| 5.50%, 04/19/29 | &nbsp;&nbsp; 130 | 135953 |
| Lennox International, Inc. |  |  |
| 1.70%, 08/01/27 | &nbsp;&nbsp; 555 | 537986 |
| 5.50%, 09/15/28 | &nbsp;&nbsp; 275 | 284509 |
| Martin Marietta Materials, Inc. |  |  |
| 3.20%, 07/15/51 | &nbsp;&nbsp; 245 | 166328 |
| 4.25%, 12/15/47 | &nbsp;&nbsp; 147 | 123280 |
| 5.15%, 12/01/34 | &nbsp;&nbsp; 75 | 77370 |
| 5.50%, 12/01/54 | &nbsp;&nbsp; 260 | 255106 |
| Owens Corning |  |  |
| 3.95%, 08/15/29 | &nbsp;&nbsp; 361 | 359699 |
| 4.30%, 07/15/47 | &nbsp;&nbsp; 145 | 120206 |
| 4.40%, 01/30/48 | &nbsp;&nbsp; 185 | 156592 |
| 5.70%, 06/15/34 | &nbsp;&nbsp; 60 | 63621 |
| 5.95%, 06/15/54<sup>(b)</sup> | &nbsp;&nbsp; 395 | 408394 |
| 7.00%, 12/01/36 | &nbsp;&nbsp; 231 | 265517 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Trane Technologies Financing Ltd. |  |  |
| 3.80%, 03/21/29 | &nbsp;&nbsp; $730 | $730253 |
| 4.50%, 03/21/49 | &nbsp;&nbsp; 1160 | 1023801 |
| 4.65%, 11/01/44 | &nbsp;&nbsp; 372 | 343941 |
| 5.10%, 06/13/34 | &nbsp;&nbsp; 2330 | 2427948 |
| 5.25%, 03/03/33 | &nbsp;&nbsp; 1335 | 1404552 |
| Trane Technologies Holdco, Inc. |  |  |
| 3.75%, 08/21/28 | &nbsp;&nbsp; 1785 | 1788716 |
| 4.30%, 02/21/48 | &nbsp;&nbsp; 485 | 421073 |
| 5.75%, 06/15/43 | &nbsp;&nbsp; 1764 | 1877120 |
| Vulcan Materials Co. |  |  |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 154 | 134134 |
| 4.70%, 03/01/48 | &nbsp;&nbsp; 125 | 111936 |
| 5.35%, 12/01/34 | &nbsp;&nbsp; 25 | 26060 |
| 5.70%, 12/01/54 | &nbsp;&nbsp; 125 | 125805 |
|  |  | 30890930 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| Albemarle Corp., 5.45%, 12/01/44 | &nbsp;&nbsp; 190 | 178849 |
| Dow Chemical Co.(The) |  |  |
| 3.60%, 11/15/50 | &nbsp;&nbsp; 175 | 114521 |
| 4.25%, 10/01/34 | &nbsp;&nbsp; 435 | 402171 |
| 4.38%, 11/15/42 | &nbsp;&nbsp; 222 | 175558 |
| 4.63%, 10/01/44 | &nbsp;&nbsp; 167 | 134832 |
| 4.80%, 11/30/28 | &nbsp;&nbsp; 75 | 76220 |
| 4.80%, 01/15/31 | &nbsp;&nbsp; 50 | 49892 |
| 4.80%, 05/15/49 | &nbsp;&nbsp; 219 | 170818 |
| 5.15%, 02/15/34 | &nbsp;&nbsp; 280 | 278807 |
| 5.25%, 11/15/41 | &nbsp;&nbsp; 65 | 58348 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 25 | 24841 |
| 5.55%, 11/30/48 | &nbsp;&nbsp; 180 | 157559 |
| 5.60%, 02/15/54 | &nbsp;&nbsp; 100 | 86469 |
| 5.65%, 03/15/36<sup>(b)</sup> | &nbsp;&nbsp; 75 | 75104 |
| 5.95%, 03/15/55 | &nbsp;&nbsp; 75 | 67865 |
| 6.30%, 03/15/33 | &nbsp;&nbsp; 90 | 95701 |
| 6.90%, 05/15/53<sup>(b)</sup> | &nbsp;&nbsp; 75 | 76883 |
| 7.38%, 11/01/29 | &nbsp;&nbsp; 20 | 21979 |
| 9.40%, 05/15/39 | &nbsp;&nbsp; 130 | 167013 |
| DuPont de Nemours, Inc. |  |  |
| 4.73%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp; 100 | 101582 |
| 4.73%, 11/15/28<sup>(e)</sup> | &nbsp;&nbsp; 205 | 207799 |
| 5.32%, 11/15/38 | &nbsp;&nbsp; 433 | 438565 |
| 5.42%, 11/15/48<sup>(b)</sup> | &nbsp;&nbsp; 76 | 72546 |
| Ecolab, Inc. |  |  |
| 1.30%, 01/30/31 | &nbsp;&nbsp; 320 | 281710 |
| 2.13%, 02/01/32 | &nbsp;&nbsp; 120 | 107608 |
| 2.70%, 12/15/51 | &nbsp;&nbsp; 135 | 84678 |
| 3.25%, 12/01/27 | &nbsp;&nbsp; 1431 | 1422410 |
| 3.95%, 12/01/47 | &nbsp;&nbsp; 75 | 62474 |
| 4.80%, 03/24/30 | &nbsp;&nbsp; 826 | 850845 |
| 5.00%, 09/01/35 | &nbsp;&nbsp; 155 | 160073 |
| 5.50%, 12/08/41 | &nbsp;&nbsp; 40 | 42358 |
| International Flavors & Fragrances, Inc. |  |  |
| 4.38%, 06/01/47 | &nbsp;&nbsp; 75 | 62324 |
| 4.45%, 09/26/28 | &nbsp;&nbsp; 690 | 695033 |
| 5.00%, 09/26/48 | &nbsp;&nbsp; 156 | 140890 |
| LYB International Finance BV |  |  |
| 4.88%, 03/15/44 | &nbsp;&nbsp; 295 | 247213 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 168 | 147215 |
| LYB International Finance II BV, 3.50%, 03/02/27 | &nbsp;&nbsp; 20 | 19885 |
| LYB International Finance III LLC |  |  |
| 3.63%, 04/01/51 | &nbsp;&nbsp; 230 | 150302 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 3.80%, 10/01/60 | &nbsp;&nbsp; $440 | $278920 |
| 4.20%, 10/15/49 | &nbsp;&nbsp; 192 | 139253 |
| 4.20%, 05/01/50 | &nbsp;&nbsp; 115 | 82933 |
| 5.50%, 03/01/34<sup>(b)</sup> | &nbsp;&nbsp; 145 | 146029 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 270 | 275735 |
| LyondellBasell Industries NV, 4.63%, 02/26/55 | &nbsp;&nbsp; 270 | 208412 |
| Mosaic Co.(The) |  |  |
| 4.05%, 11/15/27 | &nbsp;&nbsp; 110 | 110107 |
| 4.88%, 11/15/41 | &nbsp;&nbsp; 15 | 13796 |
| 5.45%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; 290 | 301135 |
| 5.63%, 11/15/43 | &nbsp;&nbsp; 125 | 122290 |
| Nutrien Ltd. |  |  |
| 4.13%, 03/15/35 | &nbsp;&nbsp; 350 | 329558 |
| 4.90%, 06/01/43 | &nbsp;&nbsp; 120 | 110858 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 103 | 94102 |
| 5.25%, 03/12/32 | &nbsp;&nbsp; 150 | 156619 |
| 5.25%, 01/15/45 | &nbsp;&nbsp; 128 | 123110 |
| 5.40%, 06/21/34 | &nbsp;&nbsp; 65 | 67800 |
| 5.63%, 12/01/40 | &nbsp;&nbsp; 173 | 176280 |
| 5.80%, 03/27/53 | &nbsp;&nbsp; 215 | 219186 |
| 5.88%, 12/01/36 | &nbsp;&nbsp; 75 | 79797 |
| 6.13%, 01/15/41 | &nbsp;&nbsp; 60 | 64155 |
| PPG Industries, Inc. |  |  |
| 2.80%, 08/15/29 | &nbsp;&nbsp; 179 | 172915 |
| 3.75%, 03/15/28 | &nbsp;&nbsp; 505 | 504105 |
| 4.38%, 03/15/31 | &nbsp;&nbsp; 150 | 150737 |
| Sherwin-Williams Co.(The) |  |  |
| 2.20%, 03/15/32 | &nbsp;&nbsp; 120 | 106496 |
| 3.30%, 05/15/50 | &nbsp;&nbsp; 115 | 80305 |
| 3.80%, 08/15/49 | &nbsp;&nbsp; 205 | 156161 |
| 4.00%, 12/15/42 | &nbsp;&nbsp; 73 | 61265 |
| 4.50%, 08/15/30 | &nbsp;&nbsp; 50 | 50754 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 374 | 323270 |
| 4.55%, 08/01/45 | &nbsp;&nbsp; 170 | 149590 |
| 5.15%, 08/15/35 | &nbsp;&nbsp; 50 | 51379 |
|  |  | 12615992 |
| **Commercial Services — 0.4%** | **Commercial Services — 0.4%** | **Commercial Services — 0.4%** |
| Automatic Data Processing, Inc. |  |  |
| 1.25%, 09/01/30 | &nbsp;&nbsp; 5406 | 4824798 |
| 1.70%, 05/15/28 | &nbsp;&nbsp; 5310 | 5086662 |
| 4.45%, 09/09/34 | &nbsp;&nbsp; 125 | 124789 |
| 4.75%, 05/08/32 | &nbsp;&nbsp; 175 | 180565 |
| Block Financial LLC, 3.88%, 08/15/30 | &nbsp;&nbsp; 472 | 449177 |
| Moody's Corp. |  |  |
| 3.10%, 11/29/61 | &nbsp;&nbsp; 90 | 55751 |
| 3.25%, 01/15/28 | &nbsp;&nbsp; 100 | 98858 |
| 3.25%, 05/20/50 | &nbsp;&nbsp; 124 | 85997 |
| 3.75%, 02/25/52 | &nbsp;&nbsp; 80 | 60599 |
| 4.25%, 02/01/29 | &nbsp;&nbsp; 65 | 65667 |
| 4.25%, 08/08/32 | &nbsp;&nbsp; 15 | 14957 |
| 4.88%, 12/17/48 | &nbsp;&nbsp; 159 | 143041 |
| 5.25%, 07/15/44 | &nbsp;&nbsp; 230 | 225603 |
| PayPal Holdings, Inc. |  |  |
| 2.85%, 10/01/29 | &nbsp;&nbsp; 145 | 139822 |
| 3.25%, 06/01/50 | &nbsp;&nbsp; 346 | 240268 |
| 5.05%, 06/01/52 | &nbsp;&nbsp; 115 | 103025 |
| 5.25%, 06/01/62 | &nbsp;&nbsp; 85 | 77702 |
| Quanta Services, Inc. |  |  |
| 2.35%, 01/15/32 | &nbsp;&nbsp; 340 | 303691 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 710 | 671176 |
| 4.75%, 08/09/27 | &nbsp;&nbsp; 25 | 25269 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 5.25%, 08/09/34 | &nbsp;&nbsp; $25 | $25903 |
| RELX Capital, Inc. |  |  |
| 3.00%, 05/22/30 | &nbsp;&nbsp; 1825 | 1742238 |
| 4.00%, 03/18/29 | &nbsp;&nbsp; 2488 | 2485683 |
| 4.75%, 03/27/30 | &nbsp;&nbsp; 100 | 102032 |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 75 | 76399 |
| 5.25%, 03/27/35 | &nbsp;&nbsp; 225 | 231582 |
| S&P Global, Inc. |  |  |
| 2.30%, 08/15/60 | &nbsp;&nbsp; 250 | 128584 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 165 | 156744 |
| 3.25%, 12/01/49 | &nbsp;&nbsp; 308 | 218240 |
| 3.90%, 03/01/62 | &nbsp;&nbsp; 180 | 135802 |
| 4.25%, 01/15/31<sup>(e)</sup> | &nbsp;&nbsp; 110 | 110376 |
| 4.80%, 12/04/35<sup>(e)</sup> | &nbsp;&nbsp; 60 | 60109 |
| Triton Container International Ltd./TAL International <br> Container Corp., 3.25%, 03/15/32<br>| &nbsp;&nbsp; 975 | 903292 |
| Verisk Analytics, Inc. |  |  |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 40 | 40116 |
| 5.13%, 03/15/36 | &nbsp;&nbsp; 25 | 24950 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 25 | 25395 |
| 5.50%, 06/15/45 | &nbsp;&nbsp; 26 | 25152 |
|  |  | 19470014 |
| **Computers — 0.5%** | **Computers — 0.5%** | **Computers — 0.5%** |
| Apple, Inc. |  |  |
| 2.55%, 08/20/60 | &nbsp;&nbsp; 893 | 502130 |
| 2.65%, 05/11/50 | &nbsp;&nbsp; 378 | 240265 |
| 2.65%, 02/08/51 | &nbsp;&nbsp; 230 | 144729 |
| 2.70%, 08/05/51 | &nbsp;&nbsp; 315 | 199799 |
| 2.80%, 02/08/61 | &nbsp;&nbsp; 240 | 142871 |
| 2.85%, 08/05/61 | &nbsp;&nbsp; 245 | 147302 |
| 2.95%, 09/11/49 | &nbsp;&nbsp; 394 | 269223 |
| 3.75%, 09/12/47 | &nbsp;&nbsp; 225 | 180533 |
| 3.75%, 11/13/47 | &nbsp;&nbsp; 226 | 181404 |
| 3.85%, 05/04/43 | &nbsp;&nbsp; 507 | 434655 |
| 3.95%, 08/08/52 | &nbsp;&nbsp; 110 | 88501 |
| 4.10%, 08/08/62 | &nbsp;&nbsp; 310 | 246873 |
| 4.25%, 02/09/47 | &nbsp;&nbsp; 240 | 208596 |
| 4.65%, 02/23/46 | &nbsp;&nbsp; 5 | 4657 |
| Dell International LLC/EMC Corp. |  |  |
| 3.45%, 12/15/51 | &nbsp;&nbsp; 82 | 57415 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 55 | 56956 |
| 8.10%, 07/15/36 | &nbsp;&nbsp; 140 | 170010 |
| 8.35%, 07/15/46 | &nbsp;&nbsp; 138 | 176576 |
| Dell, Inc., 6.50%, 04/15/38 | &nbsp;&nbsp; 35 | 38016 |
| DXC Technology Co., 2.38%, 09/15/28 | &nbsp;&nbsp; 100 | 94310 |
| Gartner, Inc., 5.60%, 11/20/35 | &nbsp;&nbsp; 510 | 488498 |
| Hewlett Packard Enterprise Co. |  |  |
| 4.05%, 09/15/27 | &nbsp;&nbsp; 200 | 200332 |
| 4.15%, 09/15/28 | &nbsp;&nbsp; 195 | 195436 |
| 4.40%, 09/25/27 | &nbsp;&nbsp; 1585 | 1594331 |
| 4.40%, 10/15/30 | &nbsp;&nbsp; 200 | 200263 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 640 | 647746 |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 450 | 456434 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 290 | 286795 |
| 5.25%, 07/01/28 | &nbsp;&nbsp; 625 | 641530 |
| 5.60%, 10/15/54 | &nbsp;&nbsp; 145 | 133425 |
| 6.20%, 10/15/35<sup>(b)</sup> | &nbsp;&nbsp; 586 | 634971 |
| 6.35%, 10/15/45 | &nbsp;&nbsp; 1260 | 1294915 |
| HP, Inc. |  |  |
| 3.40%, 06/17/30 | &nbsp;&nbsp; 50 | 48071 |
| 4.20%, 04/15/32 | &nbsp;&nbsp; 235 | 227937 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 4.75%, 01/15/28 | &nbsp;&nbsp; $40 | $40489 |
| 5.40%, 04/25/30 | &nbsp;&nbsp; 75 | 77747 |
| 5.50%, 01/15/33<sup>(b)</sup> | &nbsp;&nbsp; 305 | 313344 |
| 6.00%, 09/15/41<sup>(b)</sup> | &nbsp;&nbsp; 477 | 477855 |
| 6.10%, 04/25/35<sup>(b)</sup> | &nbsp;&nbsp; 40 | 42740 |
| IBM International Capital Pte Ltd., 5.30%, <br> 02/05/54<br>| &nbsp;&nbsp; 85 | 79188 |
| International Business Machines Corp. |  |  |
| 3.43%, 02/09/52 | &nbsp;&nbsp; 185 | 127361 |
| 3.50%, 05/15/29 | &nbsp;&nbsp; 1450 | 1428769 |
| 4.00%, 02/03/29 | &nbsp;&nbsp; 200 | 200713 |
| 4.00%, 06/20/42 | &nbsp;&nbsp; 260 | 218896 |
| 4.15%, 05/15/39 | &nbsp;&nbsp; 192 | 172163 |
| 4.25%, 05/15/49 | &nbsp;&nbsp; 511 | 413002 |
| 4.30%, 02/03/31 | &nbsp;&nbsp; 200 | 201145 |
| 4.60%, 02/03/33 | &nbsp;&nbsp; 200 | 201556 |
| 4.65%, 02/10/28 | &nbsp;&nbsp; 200 | 202988 |
| 4.70%, 02/19/46 | &nbsp;&nbsp; 20 | 17762 |
| 4.90%, 07/27/52 | &nbsp;&nbsp; 90 | 79411 |
| 4.95%, 02/03/36 | &nbsp;&nbsp; 300 | 299373 |
| 5.10%, 02/06/53 | &nbsp;&nbsp; 90 | 81664 |
| 5.20%, 02/10/35 | &nbsp;&nbsp; 195 | 201272 |
| 5.60%, 11/30/39 | &nbsp;&nbsp; 261 | 271361 |
| 5.70%, 02/10/55 | &nbsp;&nbsp; 200 | 196985 |
| 5.80%, 02/03/56 | &nbsp;&nbsp; 215 | 215252 |
| 5.88%, 11/29/32 | &nbsp;&nbsp; 710 | 769386 |
| 6.22%, 08/01/27 | &nbsp;&nbsp; 425 | 439238 |
| 6.50%, 01/15/28 | &nbsp;&nbsp; 392 | 410825 |
| Leidos, Inc. |  |  |
| 2.30%, 02/15/31 | &nbsp;&nbsp; 545 | 494855 |
| 4.38%, 05/15/30 | &nbsp;&nbsp; 781 | 783572 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 50 | 49884 |
| NetApp, Inc. |  |  |
| 2.38%, 06/22/27 | &nbsp;&nbsp; 230 | 225266 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 1415 | 1327077 |
| 5.50%, 03/17/32 | &nbsp;&nbsp; 230 | 239715 |
| 5.70%, 03/17/35 | &nbsp;&nbsp; 760 | 791940 |
| Teledyne FLIR LLC, 2.50%, 08/01/30 | &nbsp;&nbsp; 790 | 740175 |
|  |  | 22468474 |
| **Cosmetics & Personal Care — 0.1%** | **Cosmetics & Personal Care — 0.1%** | **Cosmetics & Personal Care — 0.1%** |
| Colgate-Palmolive Co. |  |  |
| 3.70%, 08/01/47 | &nbsp;&nbsp; 351 | 282989 |
| 4.00%, 08/15/45 | &nbsp;&nbsp; 373 | 326672 |
| 4.60%, 03/01/33 | &nbsp;&nbsp; 36 | 37182 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 3.13%, 12/01/49 | &nbsp;&nbsp; 132 | 90085 |
| 4.38%, 06/15/45 | &nbsp;&nbsp; 82 | 70701 |
| 6.00%, 05/15/37 | &nbsp;&nbsp; 50 | 55207 |
| Kenvue, Inc. |  |  |
| 4.85%, 05/22/32 | &nbsp;&nbsp; 25 | 25847 |
| 5.05%, 03/22/53 | &nbsp;&nbsp; 70 | 65231 |
| 5.20%, 03/22/63 | &nbsp;&nbsp; 250 | 232177 |
| Procter & Gamble Co.(The) |  |  |
| 2.85%, 08/11/27 | &nbsp;&nbsp; 450 | 445905 |
| 3.60%, 03/25/50 | &nbsp;&nbsp; 130 | 102139 |
| 4.05%, 05/01/30 | &nbsp;&nbsp; 175 | 177067 |
| 4.10%, 11/03/32 | &nbsp;&nbsp; 50 | 50278 |
| 4.35%, 11/03/35 | &nbsp;&nbsp; 50 | 49804 |
| 4.60%, 05/01/35 | &nbsp;&nbsp; 175 | 178731 |
| 5.55%, 03/05/37 | &nbsp;&nbsp; 341 | 373540 |
| 5.80%, 08/15/34 | &nbsp;&nbsp; 235 | 260085 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** |
| Unilever Capital Corp. |  |  |
| 1.75%, 08/12/31 | &nbsp;&nbsp; $555 | $494468 |
| 2.90%, 05/05/27 | &nbsp;&nbsp; 190 | 188519 |
| 3.50%, 03/22/28 | &nbsp;&nbsp; 480 | 478573 |
| 4.25%, 08/12/27 | &nbsp;&nbsp; 100 | 100833 |
| 4.63%, 08/12/34 | &nbsp;&nbsp; 100 | 101585 |
| 5.00%, 12/08/33 | &nbsp;&nbsp; 590 | 618933 |
| 5.90%, 11/15/32 | &nbsp;&nbsp; 510 | 563251 |
| Series 30Y, 2.63%, 08/12/51 | &nbsp;&nbsp; 395 | 251562 |
|  |  | 5621364 |
| **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** |
| LKQ Corp. |  |  |
| 5.75%, 06/15/28 | &nbsp;&nbsp; 1860 | 1910405 |
| 6.25%, 06/15/33 | &nbsp;&nbsp; 2045 | 2167518 |
| WW Grainger, Inc. |  |  |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 156 | 127118 |
| 4.20%, 05/15/47 | &nbsp;&nbsp; 179 | 154589 |
| 4.45%, 09/15/34 | &nbsp;&nbsp; 1215 | 1218395 |
| 4.60%, 06/15/45 | &nbsp;&nbsp; 272 | 251199 |
|  |  | 5829224 |
| **Diversified Financial Services — 0.8%** | **Diversified Financial Services — 0.8%** | **Diversified Financial Services — 0.8%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.00%, 10/29/28 | &nbsp;&nbsp; 617 | 599970 |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 917 | 856606 |
| 3.40%, 10/29/33 | &nbsp;&nbsp; 550 | 501830 |
| 3.65%, 07/21/27 | &nbsp;&nbsp; 465 | 463210 |
| 3.85%, 10/29/41 | &nbsp;&nbsp; 215 | 178824 |
| 3.88%, 01/23/28 | &nbsp;&nbsp; 390 | 389026 |
| 4.63%, 10/15/27 | &nbsp;&nbsp; 690 | 696241 |
| 4.95%, 09/10/34 | &nbsp;&nbsp; 90 | 90211 |
| 5.30%, 01/19/34 | &nbsp;&nbsp; 195 | 200633 |
| 5.75%, 06/06/28 | &nbsp;&nbsp; 150 | 155382 |
| 6.95%, 03/10/55, (5-year CMT + 2.72%)<sup>(a)</sup> | &nbsp;&nbsp; 155 | 163549 |
| Affiliated Managers Group, Inc., 3.30%, 06/15/30 | &nbsp;&nbsp; 80 | 76894 |
| Air Lease Corp. |  |  |
| 2.88%, 01/15/32 | &nbsp;&nbsp; 295 | 267554 |
| 3.00%, 02/01/30 | &nbsp;&nbsp; 232 | 219634 |
| 3.25%, 10/01/29 | &nbsp;&nbsp; 182 | 175578 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 345 | 343545 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 224 | 222475 |
| 4.63%, 10/01/28 | &nbsp;&nbsp; 332 | 334735 |
| Ally Financial, Inc. |  |  |
| 7.10%, 11/15/27 | &nbsp;&nbsp; 110 | 115196 |
| 8.00%, 11/01/31 | &nbsp;&nbsp; 644 | 731136 |
| American Express Co. |  |  |
| 4.05%, 12/03/42 | &nbsp;&nbsp; 655 | 571580 |
| 4.46%, 02/10/32, (1-day SOFR + 0.87%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | 90887 |
| 4.80%, 10/24/36, (1-day SOFR + 1.24%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 123822 |
| 4.92%, 07/20/33, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 235 | 240314 |
| 4.99%, 05/26/33, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 153144 |
| 5.09%, 01/30/31, (1-day SOFR Index + <br> 1.02%)<sup>(a)</sup><br>| &nbsp;&nbsp; 225 | 232514 |
| 5.28%, 07/26/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 500 | 518411 |
| 5.44%, 01/30/36, (1-day SOFR Index + <br> 1.32%)<sup>(a)</sup><br>| &nbsp;&nbsp; 240 | 250024 |
| 5.53%, 04/25/30, (1-day SOFR Index + <br> 1.09%)<sup>(a)</sup><br>| &nbsp;&nbsp; 135 | 141020 |
| 5.63%, 07/28/34, (1-day SOFR + 1.93%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | 94415 |
| 5.67%, 04/25/36, (1-day SOFR + 1.79%)<sup>(a)</sup> | &nbsp;&nbsp; 300 | 317513 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 5.92%, 04/25/35, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; $430 | $459264 |
| 6.49%, 10/30/31, (1-day SOFR + 1.94%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 54729 |
| American Express Credit Corp., 3.30%, 05/03/27 | &nbsp;&nbsp; 780 | 775753 |
| Ameriprise Financial, Inc. |  |  |
| 4.50%, 05/13/32 | &nbsp;&nbsp; 60 | 60596 |
| 5.15%, 05/15/33 | &nbsp;&nbsp; 255 | 264392 |
| Apollo Global Management, Inc., 6.00%, 12/15/54, <br> (5-year CMT + 2.17%)<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 14418 |
| Brookfield Capital Finance LLC, 6.09%, 06/14/33 | &nbsp;&nbsp; 560 | 594163 |
| Brookfield Finance I U.K. PLC/Brookfield Finance, <br> Inc., 2.34%, 01/30/32<br>| &nbsp;&nbsp; 780 | 688059 |
| Brookfield Finance LLC/Brookfield Finance, Inc., <br> 3.45%, 04/15/50<br>| &nbsp;&nbsp; 185 | 125182 |
| Brookfield Finance, Inc. |  |  |
| 3.50%, 03/30/51 | &nbsp;&nbsp; 125 | 85741 |
| 3.63%, 02/15/52 | &nbsp;&nbsp; 80 | 55824 |
| 3.90%, 01/25/28 | &nbsp;&nbsp; 675 | 673758 |
| 4.35%, 04/15/30 | &nbsp;&nbsp; 252 | 252191 |
| 4.70%, 09/20/47 | &nbsp;&nbsp; 300 | 257416 |
| 4.85%, 03/29/29 | &nbsp;&nbsp; 585 | 595255 |
| 5.68%, 01/15/35 | &nbsp;&nbsp; 295 | 304399 |
| 5.97%, 03/04/54 | &nbsp;&nbsp; 120 | 119480 |
| 6.35%, 01/05/34 | &nbsp;&nbsp; 510 | 552565 |
| Capital One Financial Corp. |  |  |
| 2.36%, 07/29/32, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 215 | 189473 |
| 2.62%, 11/02/32, (1-day SOFR + 1.27%)<sup>(a)</sup> | &nbsp;&nbsp; 310 | 280860 |
| 3.27%, 03/01/30, (1-day SOFR + 1.79%)<sup>(a)</sup> | &nbsp;&nbsp; 195 | 190189 |
| 4.72%, 01/30/32, (1-day SOFR + 1.15%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75580 |
| 4.93%, 05/10/28, (1-day SOFR + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 215 | 217127 |
| 5.20%, 09/11/36, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 660 | 658407 |
| 5.25%, 07/26/30, (1-day SOFR + 2.60%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | 98072 |
| 5.27%, 05/10/33, (1-day SOFR + 2.37%)<sup>(a)</sup> | &nbsp;&nbsp; 335 | 343497 |
| 5.40%, 01/30/37, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75660 |
| 5.47%, 02/01/29, (1-day SOFR + 2.08%)<sup>(a)</sup> | &nbsp;&nbsp; 100 | 102524 |
| 5.82%, 02/01/34, (1-day SOFR + 2.60%)<sup>(a)</sup> | &nbsp;&nbsp; 180 | 189951 |
| 6.18%, 01/30/36, (1-day SOFR + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | 31201 |
| 6.31%, 06/08/29, (1-day SOFR + 2.64%)<sup>(a)</sup> | &nbsp;&nbsp; 170 | 177756 |
| 6.38%, 06/08/34, (1-day SOFR + 2.86%)<sup>(a)</sup> | &nbsp;&nbsp; 175 | 189763 |
| 6.70%, 11/29/32 | &nbsp;&nbsp; 230 | 255791 |
| 7.96%, 11/02/34, (1-day SOFR + 3.37%)<sup>(a)</sup> | &nbsp;&nbsp; 295 | 347166 |
| Cboe Global Markets, Inc. |  |  |
| 1.63%, 12/15/30 | &nbsp;&nbsp; 195 | 174326 |
| 3.00%, 03/16/32 | &nbsp;&nbsp; 870 | 813409 |
| Charles Schwab Corp.(The) |  |  |
| 2.90%, 03/03/32 | &nbsp;&nbsp; 395 | 364955 |
| 5.85%, 05/19/34, (1-day SOFR + 2.50%)<sup>(a)</sup> | &nbsp;&nbsp; 180 | 193258 |
| 6.14%, 08/24/34, (1-day SOFR + 2.01%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 136414 |
| Eaton Vance Corp., 3.50%, 04/06/27 | &nbsp;&nbsp; 1065 | 1061770 |
| Intercontinental Exchange, Inc. |  |  |
| 1.85%, 09/15/32 | &nbsp;&nbsp; 255 | 219613 |
| 3.00%, 06/15/50 | &nbsp;&nbsp; 270 | 178170 |
| 3.00%, 09/15/60 | &nbsp;&nbsp; 450 | 269538 |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 55 | 54454 |
| 3.75%, 09/21/28 | &nbsp;&nbsp; 124 | 123565 |
| 3.95%, 12/01/28 | &nbsp;&nbsp; 70 | 70159 |
| 4.20%, 03/15/31 | &nbsp;&nbsp; 75 | 75492 |
| 4.25%, 09/21/48 | &nbsp;&nbsp; 341 | 284445 |
| 4.60%, 03/15/33 | &nbsp;&nbsp; 270 | 273828 |
| 4.95%, 06/15/52 | &nbsp;&nbsp; 190 | 173533 |
| 5.20%, 06/15/62 | &nbsp;&nbsp; 275 | 254674 |
| Invesco Finance PLC, 5.38%, 11/30/43 | &nbsp;&nbsp; 253 | 248664 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Janus Henderson U.S. Holdings, Inc., 5.45%, <br> 09/10/34<br>| &nbsp;&nbsp; $740 | $750550 |
| Legg Mason, Inc., 5.63%, 01/15/44 | &nbsp;&nbsp; 348 | 347854 |
| LPL Holdings, Inc., 6.00%, 05/20/34 | &nbsp;&nbsp; 25 | 26131 |
| Mastercard, Inc. |  |  |
| 2.00%, 11/18/31 | &nbsp;&nbsp; 85 | 76472 |
| 2.95%, 06/01/29 | &nbsp;&nbsp; 110 | 107139 |
| 3.30%, 03/26/27 | &nbsp;&nbsp; 35 | 34874 |
| 3.35%, 03/26/30 | &nbsp;&nbsp; 145 | 142461 |
| 3.50%, 02/26/28 | &nbsp;&nbsp; 35 | 34975 |
| 3.65%, 06/01/49 | &nbsp;&nbsp; 190 | 146340 |
| 3.80%, 11/21/46 | &nbsp;&nbsp; 155 | 125707 |
| 3.85%, 03/26/50 | &nbsp;&nbsp; 203 | 160616 |
| 3.95%, 02/26/48 | &nbsp;&nbsp; 217 | 176576 |
| 4.55%, 01/15/35 | &nbsp;&nbsp; 35 | 35228 |
| 4.85%, 03/09/33 | &nbsp;&nbsp; 70 | 72363 |
| 4.88%, 05/09/34 | &nbsp;&nbsp; 30 | 30925 |
| 4.95%, 03/15/32 | &nbsp;&nbsp; 100 | 104436 |
| Nasdaq, Inc. |  |  |
| 1.65%, 01/15/31 | &nbsp;&nbsp; 460 | 410605 |
| 3.25%, 04/28/50 | &nbsp;&nbsp; 220 | 150399 |
| 3.95%, 03/07/52 | &nbsp;&nbsp; 172 | 130584 |
| 5.35%, 06/28/28 | &nbsp;&nbsp; 585 | 601989 |
| 5.55%, 02/15/34 | &nbsp;&nbsp; 504 | 531021 |
| 5.95%, 08/15/53 | &nbsp;&nbsp; 75 | 77750 |
| 6.10%, 06/28/63 | &nbsp;&nbsp; 140 | 145347 |
| Nomura Holdings, Inc. |  |  |
| 2.17%, 07/14/28 | &nbsp;&nbsp; 290 | 277465 |
| 2.61%, 07/14/31 | &nbsp;&nbsp; 415 | 378564 |
| 2.68%, 07/16/30 | &nbsp;&nbsp; 285 | 266428 |
| 2.71%, 01/22/29 | &nbsp;&nbsp; 350 | 336656 |
| 3.00%, 01/22/32 | &nbsp;&nbsp; 210 | 193681 |
| 3.10%, 01/16/30 | &nbsp;&nbsp; 510 | 489058 |
| 4.90%, 07/01/30 | &nbsp;&nbsp; 200 | 204560 |
| 5.39%, 07/06/27 | &nbsp;&nbsp; 265 | 269569 |
| 5.49%, 06/29/35 | &nbsp;&nbsp; 200 | 208454 |
| 5.59%, 07/02/27 | &nbsp;&nbsp; 200 | 204020 |
| 5.78%, 07/03/34 | &nbsp;&nbsp; 290 | 308144 |
| 6.07%, 07/12/28 | &nbsp;&nbsp; 220 | 229731 |
| 6.09%, 07/12/33 | &nbsp;&nbsp; 200 | 217133 |
| 6.18%, 01/18/33 | &nbsp;&nbsp; 200 | 217587 |
| ORIX Corp. |  |  |
| 4.00%, 04/13/32 | &nbsp;&nbsp; 140 | 137878 |
| 4.45%, 09/09/30 | &nbsp;&nbsp; 25 | 25284 |
| 5.20%, 09/13/32 | &nbsp;&nbsp; 405 | 423620 |
| 5.40%, 02/25/35 | &nbsp;&nbsp; 20 | 20889 |
| Radian Group, Inc., 4.88%, 03/15/27 | &nbsp;&nbsp; 35 | 35102 |
| Raymond James Financial, Inc. |  |  |
| 3.75%, 04/01/51 | &nbsp;&nbsp; 180 | 133218 |
| 4.65%, 04/01/30 | &nbsp;&nbsp; 219 | 224012 |
| 4.95%, 07/15/46 | &nbsp;&nbsp; 210 | 193338 |
| 5.65%, 09/11/55 | &nbsp;&nbsp; 30 | 29277 |
| Synchrony Financial |  |  |
| 2.88%, 10/28/31 | &nbsp;&nbsp; 365 | 327545 |
| 3.95%, 12/01/27 | &nbsp;&nbsp; 706 | 702962 |
| 4.95%, 02/25/32, (1-day SOFR + 1.53%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 24835 |
| 5.15%, 03/19/29 | &nbsp;&nbsp; 462 | 469503 |
| 5.94%, 08/02/30, (1-day SOFR + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 225 | 233495 |
| 6.00%, 07/29/36, (1-day SOFR + 2.07%)<sup>(a)</sup> | &nbsp;&nbsp; 230 | 234349 |
| UBS Americas, Inc., 7.13%, 07/15/32 | &nbsp;&nbsp; 711 | 819373 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Visa, Inc. |  |  |
| 1.90%, 04/15/27 | &nbsp;&nbsp; $120 | $117689 |
| 2.00%, 08/15/50<sup>(b)</sup> | &nbsp;&nbsp; 100 | 55036 |
| 2.05%, 04/15/30 | &nbsp;&nbsp; 225 | 210301 |
| 2.70%, 04/15/40 | &nbsp;&nbsp; 225 | 175539 |
| 2.75%, 09/15/27 | &nbsp;&nbsp; 40 | 39487 |
| 3.65%, 09/15/47 | &nbsp;&nbsp; 70 | 55381 |
| 3.80%, 02/12/29 | &nbsp;&nbsp; 150 | 150751 |
| 4.10%, 02/12/31 | &nbsp;&nbsp; 150 | 151745 |
| 4.15%, 12/14/35 | &nbsp;&nbsp; 419 | 410218 |
| 4.30%, 12/14/45 | &nbsp;&nbsp; 846 | 744851 |
| 4.40%, 02/12/33 | &nbsp;&nbsp; 150 | 151661 |
| 4.70%, 02/12/36 | &nbsp;&nbsp; 150 | 151516 |
| Voya Financial, Inc. |  |  |
| 4.70%, 01/23/48, (3-mo. SOFR US + 2.34%)<sup>(a)</sup> | &nbsp;&nbsp; 210 | 202023 |
| 5.70%, 07/15/43 | &nbsp;&nbsp; 136 | 133110 |
| Western Union Co. (The), 6.20%, 11/17/36<sup>(b)</sup> | &nbsp;&nbsp; 302 | 314046 |
|  |  | 39161768 |
| **Electric — 2.1%** | **Electric — 2.1%** | **Electric — 2.1%** |
| AEP Texas, Inc. |  |  |
| 3.45%, 05/15/51 | &nbsp;&nbsp; 765 | 527307 |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 455 | 460324 |
| 5.25%, 05/15/52 | &nbsp;&nbsp; 410 | 378000 |
| 5.40%, 06/01/33 | &nbsp;&nbsp; 205 | 213237 |
| 5.45%, 05/15/29 | &nbsp;&nbsp; 100 | 104140 |
| 5.70%, 05/15/34 | &nbsp;&nbsp; 300 | 317443 |
| 5.85%, 10/15/55 | &nbsp;&nbsp; 60 | 59891 |
| Series G, 4.15%, 05/01/49 | &nbsp;&nbsp; 190 | 148997 |
| Series H, 3.45%, 01/15/50 | &nbsp;&nbsp; 275 | 192372 |
| Avangrid, Inc., 3.80%, 06/01/29 | &nbsp;&nbsp; 3127 | 3102824 |
| Avista Corp. |  |  |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 605 | 470484 |
| 4.35%, 06/01/48 | &nbsp;&nbsp; 349 | 293359 |
| Baltimore Gas and Electric Co. |  |  |
| 2.90%, 06/15/50 | &nbsp;&nbsp; 122 | 79449 |
| 3.20%, 09/15/49 | &nbsp;&nbsp; 347 | 238925 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 285 | 215583 |
| 3.75%, 08/15/47 | &nbsp;&nbsp; 311 | 241866 |
| 4.25%, 09/15/48 | &nbsp;&nbsp; 215 | 180252 |
| 4.55%, 06/01/52 | &nbsp;&nbsp; 20 | 17186 |
| 5.40%, 06/01/53 | &nbsp;&nbsp; 105 | 102389 |
| 5.45%, 06/01/35 | &nbsp;&nbsp; 50 | 52513 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 75 | 75587 |
| 6.35%, 10/01/36 | &nbsp;&nbsp; 240 | 268741 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 3.55%, 08/01/42 | &nbsp;&nbsp; 115 | 93159 |
| 3.60%, 03/01/52 | &nbsp;&nbsp; 165 | 123067 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 229 | 185163 |
| 4.50%, 04/01/44 | &nbsp;&nbsp; 142 | 126844 |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 30 | 30801 |
| 5.30%, 04/01/53 | &nbsp;&nbsp; 50 | 48509 |
| Series AD, 2.90%, 07/01/50 | &nbsp;&nbsp; 142 | 93095 |
| Series AR, 4.85%, 04/01/36 | &nbsp;&nbsp; 30 | 30107 |
| Series K2, 6.95%, 03/15/33 | &nbsp;&nbsp; 135 | 154173 |
| Cleveland Electric Illuminating Co. (The), 5.95%, <br> 12/15/36<br>| &nbsp;&nbsp; 225 | 239025 |
| CMS Energy Corp. |  |  |
| 3.75%, 12/01/50, (5-year CMT + 2.90%)<sup>(a)</sup> | &nbsp;&nbsp; 340 | 317159 |
| 4.75%, 06/01/50, (5-year CMT + 4.12%)<sup>(a)</sup> | &nbsp;&nbsp; 600 | 593681 |
| 6.50%, 06/01/55, (5-year CMT + 1.96%)<sup>(a)</sup> | &nbsp;&nbsp; 140 | 145900 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Commonwealth Edison Co. |  |  |
| 2.20%, 03/01/30 | &nbsp;&nbsp; $479 | $447871 |
| 3.00%, 03/01/50 | &nbsp;&nbsp; 315 | 209215 |
| 3.65%, 06/15/46 | &nbsp;&nbsp; 341 | 265495 |
| 3.70%, 08/15/28 | &nbsp;&nbsp; 555 | 554273 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 118 | 94012 |
| 3.80%, 10/01/42 | &nbsp;&nbsp; 85 | 70017 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 304 | 246735 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 257 | 206451 |
| 4.35%, 11/15/45 | &nbsp;&nbsp; 81 | 70323 |
| 4.60%, 08/15/43 | &nbsp;&nbsp; 200 | 181694 |
| 4.70%, 01/15/44 | &nbsp;&nbsp; 25 | 22862 |
| 4.90%, 02/01/33 | &nbsp;&nbsp; 30 | 30871 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 70 | 73639 |
| 5.30%, 02/01/53 | &nbsp;&nbsp; 60 | 57508 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 220 | 221710 |
| 5.90%, 03/15/36 | &nbsp;&nbsp; 330 | 359509 |
| 5.95%, 06/01/55 | &nbsp;&nbsp; 160 | 167097 |
| 6.45%, 01/15/38 | &nbsp;&nbsp; 139 | 157178 |
| Series 122, 2.95%, 08/15/27 | &nbsp;&nbsp; 230 | 227569 |
| Series 123, 3.75%, 08/15/47 | &nbsp;&nbsp; 275 | 214170 |
| Series 127, 3.20%, 11/15/49 | &nbsp;&nbsp; 254 | 174860 |
| Series 131, 2.75%, 09/01/51 | &nbsp;&nbsp; 570 | 353103 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 265 | 215221 |
| 4.30%, 04/15/44 | &nbsp;&nbsp; 310 | 270438 |
| 4.65%, 01/01/29 | &nbsp;&nbsp; 75 | 76600 |
| 4.90%, 07/01/33 | &nbsp;&nbsp; 75 | 76637 |
| 4.95%, 01/15/30 | &nbsp;&nbsp; 40 | 41325 |
| 4.95%, 08/15/34 | &nbsp;&nbsp; 25 | 25485 |
| 5.25%, 01/15/53 | &nbsp;&nbsp; 210 | 201626 |
| Series A, 2.05%, 07/01/31 | &nbsp;&nbsp; 987 | 886951 |
| Series A, 3.20%, 03/15/27 | &nbsp;&nbsp; 775 | 771256 |
| Series A, 4.15%, 06/01/45 | &nbsp;&nbsp; 300 | 254859 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 3.60%, 06/15/61 | &nbsp;&nbsp; 85 | 59183 |
| 3.70%, 11/15/59 | &nbsp;&nbsp; 270 | 191367 |
| 3.85%, 06/15/46 | &nbsp;&nbsp; 279 | 222219 |
| 3.95%, 03/01/43 | &nbsp;&nbsp; 204 | 172017 |
| 4.45%, 03/15/44 | &nbsp;&nbsp; 270 | 238615 |
| 4.50%, 12/01/45 | &nbsp;&nbsp; 160 | 140765 |
| 4.50%, 05/15/58 | &nbsp;&nbsp; 115 | 95268 |
| 4.63%, 12/01/54 | &nbsp;&nbsp; 234 | 200702 |
| 5.70%, 06/15/40 | &nbsp;&nbsp; 127 | 133937 |
| Series 05-A, 5.30%, 03/01/35 | &nbsp;&nbsp; 272 | 283527 |
| Series 06-A, 5.85%, 03/15/36 | &nbsp;&nbsp; 94 | 101907 |
| Series 06-B, 6.20%, 06/15/36 | &nbsp;&nbsp; 120 | 132752 |
| Series 07-A, 6.30%, 08/15/37 | &nbsp;&nbsp; 5 | 5597 |
| Series 08-B, 6.75%, 04/01/38 | &nbsp;&nbsp; 200 | 231301 |
| Series 09-C, 5.50%, 12/01/39 | &nbsp;&nbsp; 170 | 176754 |
| Series 12-A, 4.20%, 03/15/42 | &nbsp;&nbsp; 177 | 154213 |
| Series 2017, 3.88%, 06/15/47 | &nbsp;&nbsp; 331 | 261664 |
| Series 20B, 3.95%, 04/01/50 | &nbsp;&nbsp; 285 | 225866 |
| Series A, 4.13%, 05/15/49 | &nbsp;&nbsp; 50 | 40235 |
| Series C, 3.00%, 12/01/60 | &nbsp;&nbsp; 280 | 167070 |
| Series C, 4.00%, 11/15/57 | &nbsp;&nbsp; 124 | 93690 |
| Series C, 4.30%, 12/01/56 | &nbsp;&nbsp; 146 | 117856 |
| Series E, 4.65%, 12/01/48 | &nbsp;&nbsp; 180 | 158119 |
| Constellation Energy Generation LLC |  |  |
| 5.75%, 10/01/41 | &nbsp;&nbsp; 30 | 31033 |
| 6.25%, 10/01/39 | &nbsp;&nbsp; 127 | 139136 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Delmarva Power & Light Co., 4.15%, 05/15/45 | &nbsp;&nbsp; $85 | $72698 |
| Duke Energy Carolinas Nc Storm Funding II LLC, <br> Series A-1, 4.23%, 07/01/37<br>| &nbsp;&nbsp; 300 | 301890 |
| Edison International |  |  |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 455 | 452668 |
| 4.80%, 03/15/31 | &nbsp;&nbsp; 50 | 49974 |
| 5.25%, 11/15/28 | &nbsp;&nbsp; 40 | 40755 |
| 5.25%, 03/15/32 | &nbsp;&nbsp; 95 | 96740 |
| 5.45%, 06/15/29 | &nbsp;&nbsp; 25 | 25669 |
| 5.75%, 06/15/27 | &nbsp;&nbsp; 45 | 45681 |
| El Paso Electric Co. |  |  |
| 5.00%, 12/01/44 | &nbsp;&nbsp; 95 | 86570 |
| 6.00%, 05/15/35 | &nbsp;&nbsp; 97 | 102603 |
| Enel Chile SA, 4.88%, 06/12/28 | &nbsp;&nbsp; 2600 | 2640237 |
| Entergy Corp., 7.13%, 12/01/54, (5-year CMT + <br> 2.67%)<sup>(a)</sup><br>| &nbsp;&nbsp; 25 | 26167 |
| Entergy Louisiana LLC |  |  |
| 2.90%, 03/15/51 | &nbsp;&nbsp; 618 | 394577 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 230 | 187817 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 325 | 262871 |
| 4.95%, 01/15/45 | &nbsp;&nbsp; 660 | 615388 |
| 5.70%, 03/15/54 | &nbsp;&nbsp; 175 | 175483 |
| Entergy Texas, Inc. |  |  |
| 5.00%, 09/15/52 | &nbsp;&nbsp; 120 | 107911 |
| 5.55%, 09/15/54 | &nbsp;&nbsp; 35 | 34158 |
| 5.80%, 09/01/53 | &nbsp;&nbsp; 210 | 214053 |
| Eversource Energy |  |  |
| 3.38%, 03/01/32 | &nbsp;&nbsp; 515 | 482777 |
| 3.45%, 01/15/50 | &nbsp;&nbsp; 555 | 394596 |
| 4.45%, 12/15/30 | &nbsp;&nbsp; 100 | 100652 |
| 4.60%, 07/01/27 | &nbsp;&nbsp; 90 | 90642 |
| 5.13%, 05/15/33 | &nbsp;&nbsp; 225 | 229902 |
| 5.50%, 01/01/34 | &nbsp;&nbsp; 225 | 233486 |
| 5.85%, 04/15/31 | &nbsp;&nbsp; 365 | 388172 |
| 5.95%, 02/01/29 | &nbsp;&nbsp; 105 | 110155 |
| 5.95%, 07/15/34 | &nbsp;&nbsp; 260 | 277785 |
| Series A, 6.10%, 08/15/56, (5-year CMT + <br> 2.52%)<sup>(a)</sup><br>| &nbsp;&nbsp; 500 | 502374 |
| Series B, 6.35%, 08/15/56<sup>(a)</sup> | &nbsp;&nbsp; 500 | 503162 |
| Series M, 3.30%, 01/15/28 | &nbsp;&nbsp; 1045 | 1031489 |
| Series O, 4.25%, 04/01/29 | &nbsp;&nbsp; 280 | 281036 |
| Series R, 1.65%, 08/15/30 | &nbsp;&nbsp; 1935 | 1728706 |
| Exelon Corp. |  |  |
| 4.05%, 04/15/30 | &nbsp;&nbsp; 390 | 388887 |
| 4.10%, 03/15/52 | &nbsp;&nbsp; 700 | 546601 |
| 4.45%, 04/15/46 | &nbsp;&nbsp; 296 | 251222 |
| 4.70%, 04/15/50 | &nbsp;&nbsp; 470 | 405146 |
| 4.95%, 06/15/35 | &nbsp;&nbsp; 347 | 347547 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 325 | 323141 |
| 5.10%, 06/15/45 | &nbsp;&nbsp; 255 | 237624 |
| 5.13%, 03/15/31 | &nbsp;&nbsp; 25 | 26050 |
| 5.15%, 03/15/28 | &nbsp;&nbsp; 70 | 71618 |
| 5.30%, 03/15/33 | &nbsp;&nbsp; 100 | 104627 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 140 | 147014 |
| 5.60%, 03/15/53 | &nbsp;&nbsp; 325 | 316005 |
| 5.63%, 06/15/35 | &nbsp;&nbsp; 275 | 290129 |
| 5.88%, 03/15/55 | &nbsp;&nbsp; 465 | 466880 |
| 6.50%, 03/15/55, (5-year CMT + 1.98%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 110084 |
| FirstEnergy Transmission LLC, 5.00%, 01/15/35 | &nbsp;&nbsp; 1165 | 1180346 |
| Florida Power & Light Co. |  |  |
| 3.15%, 10/01/49 | &nbsp;&nbsp; 341 | 239388 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.70%, 12/01/47 | &nbsp;&nbsp; $188 | $146206 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 279 | 225859 |
| 3.99%, 03/01/49 | &nbsp;&nbsp; 178 | 143725 |
| 4.05%, 06/01/42 | &nbsp;&nbsp; 217 | 189593 |
| 4.05%, 10/01/44 | &nbsp;&nbsp; 265 | 225296 |
| 4.13%, 02/01/42 | &nbsp;&nbsp; 110 | 97192 |
| 4.13%, 06/01/48 | &nbsp;&nbsp; 215 | 178302 |
| 4.63%, 05/15/30 | &nbsp;&nbsp; 85 | 87145 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 55 | 56428 |
| 4.95%, 06/01/35 | &nbsp;&nbsp; 220 | 225186 |
| 5.25%, 02/01/41 | &nbsp;&nbsp; 145 | 146942 |
| 5.63%, 04/01/34 | &nbsp;&nbsp; 690 | 744096 |
| 5.65%, 02/01/37 | &nbsp;&nbsp; 152 | 164127 |
| 5.69%, 03/01/40 | &nbsp;&nbsp; 260 | 274499 |
| 5.95%, 02/01/38 | &nbsp;&nbsp; 260 | 285669 |
| 5.96%, 04/01/39 | &nbsp;&nbsp; 130 | 141988 |
| Iberdrola International BV, 6.75%, 07/15/36 | &nbsp;&nbsp; 1669 | 1936552 |
| ITC Holdings Corp. |  |  |
| 3.35%, 11/15/27 | &nbsp;&nbsp; 724 | 716590 |
| 5.30%, 07/01/43 | &nbsp;&nbsp; 389 | 375779 |
| National Grid PLC |  |  |
| 5.42%, 01/11/34 | &nbsp;&nbsp; 770 | 804069 |
| 5.60%, 06/12/28 | &nbsp;&nbsp; 880 | 910158 |
| 5.81%, 06/12/33 | &nbsp;&nbsp; 1800 | 1923651 |
| National Grid USA, 5.80%, 04/01/35 | &nbsp;&nbsp; 1375 | 1460423 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 2214 | 2053129 |
| 2.75%, 11/01/29 | &nbsp;&nbsp; 1487 | 1425385 |
| 3.50%, 04/01/29 | &nbsp;&nbsp; 830 | 818453 |
| 3.55%, 05/01/27 | &nbsp;&nbsp; 1849 | 1842077 |
| 3.80%, 03/15/82, (5-year CMT + 2.55%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 103547 |
| 4.40%, 03/01/31 | &nbsp;&nbsp; 50 | 50536 |
| 4.80%, 12/01/77, (3-mo. SOFR US + 2.67%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 123941 |
| 4.85%, 02/04/28 | &nbsp;&nbsp; 40 | 40731 |
| 4.90%, 02/28/28 | &nbsp;&nbsp; 135 | 137417 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 85 | 87308 |
| 5.00%, 02/28/30<sup>(b)</sup> | &nbsp;&nbsp; 145 | 150024 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 165 | 170338 |
| 5.05%, 03/15/30 | &nbsp;&nbsp; 50 | 51824 |
| 5.05%, 02/28/33 | &nbsp;&nbsp; 135 | 139338 |
| 5.25%, 03/15/34 | &nbsp;&nbsp; 140 | 144957 |
| 5.25%, 02/28/53 | &nbsp;&nbsp; 70 | 65401 |
| 5.30%, 03/15/32 | &nbsp;&nbsp; 55 | 57663 |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 50 | 52007 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 25 | 24302 |
| 5.85%, 03/01/56 | &nbsp;&nbsp; 125 | 125690 |
| 5.90%, 03/15/55 | &nbsp;&nbsp; 485 | 492832 |
| 6.70%, 09/01/54, (5-year CMT + 2.36%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10371 |
| 6.75%, 06/15/54, (5-year CMT + 2.46%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 21278 |
| NSTAR Electric Co. |  |  |
| 1.95%, 08/15/31 | &nbsp;&nbsp; 614 | 547304 |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 260 | 175925 |
| 3.20%, 05/15/27 | &nbsp;&nbsp; 1010 | 1003657 |
| 3.25%, 05/15/29 | &nbsp;&nbsp; 115 | 112682 |
| 3.95%, 04/01/30 | &nbsp;&nbsp; 510 | 507721 |
| 4.40%, 03/01/44 | &nbsp;&nbsp; 400 | 352089 |
| 4.55%, 06/01/52 | &nbsp;&nbsp; 300 | 257588 |
| 4.85%, 03/01/30 | &nbsp;&nbsp; 50 | 51467 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 10 | 9142 |
| 5.20%, 03/01/35 | &nbsp;&nbsp; 100 | 102969 |
| 5.40%, 06/01/34 | &nbsp;&nbsp; 95 | 99402 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.50%, 03/15/40 | &nbsp;&nbsp; $350 | $361078 |
| NYSEG Storm Funding LLC, Series A-2, 4.87%, <br> 05/01/32<br>| &nbsp;&nbsp; 500 | 515608 |
| Ohio Edison Co., 6.88%, 07/15/36 | &nbsp;&nbsp; 165 | 191339 |
| Ohio Power Co. |  |  |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 325 | 254653 |
| 4.15%, 04/01/48 | &nbsp;&nbsp; 230 | 187400 |
| 5.00%, 06/01/33 | &nbsp;&nbsp; 30 | 30635 |
| 5.65%, 06/01/34 | &nbsp;&nbsp; 205 | 216384 |
| Series Q, 1.63%, 01/15/31 | &nbsp;&nbsp; 870 | 770902 |
| Series R, 2.90%, 10/01/51 | &nbsp;&nbsp; 585 | 367642 |
| Oncor Electric Delivery Co. LLC |  |  |
| 2.70%, 11/15/51 | &nbsp;&nbsp; 1050 | 639977 |
| 3.10%, 09/15/49 | &nbsp;&nbsp; 200 | 135163 |
| 3.75%, 04/01/45 | &nbsp;&nbsp; 159 | 127300 |
| 3.80%, 09/30/47 | &nbsp;&nbsp; 153 | 119869 |
| 3.80%, 06/01/49 | &nbsp;&nbsp; 190 | 145481 |
| 4.10%, 11/15/48 | &nbsp;&nbsp; 255 | 207003 |
| 4.55%, 12/01/41 | &nbsp;&nbsp; 65 | 59300 |
| 4.60%, 06/01/52 | &nbsp;&nbsp; 150 | 128103 |
| 4.65%, 11/01/29 | &nbsp;&nbsp; 75 | 76701 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 165 | 150202 |
| 5.25%, 09/30/40 | &nbsp;&nbsp; 125 | 126254 |
| 5.30%, 06/01/42 | &nbsp;&nbsp; 75 | 74604 |
| 5.35%, 10/01/52 | &nbsp;&nbsp; 10 | 9586 |
| 5.55%, 06/15/54 | &nbsp;&nbsp; 250 | 247345 |
| 5.65%, 11/15/33 | &nbsp;&nbsp; 35 | 37491 |
| 5.80%, 04/01/55<sup>(e)</sup> | &nbsp;&nbsp; 55 | 56495 |
| 7.00%, 05/01/32 | &nbsp;&nbsp; 121 | 137830 |
| 7.25%, 01/15/33 | &nbsp;&nbsp; 132 | 152936 |
| 7.50%, 09/01/38 | &nbsp;&nbsp; 55 | 67200 |
| Pacific Gas and Electric Co. |  |  |
| 3.50%, 08/01/50 | &nbsp;&nbsp; 560 | 385013 |
| 3.95%, 12/01/47 | &nbsp;&nbsp; 140 | 106533 |
| 4.20%, 06/01/41 | &nbsp;&nbsp; 105 | 88130 |
| 4.25%, 03/15/46 | &nbsp;&nbsp; 165 | 131868 |
| 4.30%, 03/15/45 | &nbsp;&nbsp; 150 | 121480 |
| 4.45%, 04/15/42 | &nbsp;&nbsp; 125 | 106900 |
| 4.50%, 07/01/40 | &nbsp;&nbsp; 280 | 248970 |
| 4.55%, 07/01/30 | &nbsp;&nbsp; 225 | 226028 |
| 4.60%, 06/15/43 | &nbsp;&nbsp; 85 | 72945 |
| 4.75%, 02/15/44 | &nbsp;&nbsp; 120 | 104152 |
| 4.95%, 07/01/50 | &nbsp;&nbsp; 685 | 591234 |
| 5.25%, 03/01/52 | &nbsp;&nbsp; 310 | 275599 |
| 5.90%, 06/15/32 | &nbsp;&nbsp; 390 | 413018 |
| 5.90%, 10/01/54 | &nbsp;&nbsp; 40 | 38959 |
| 6.10%, 10/15/55 | &nbsp;&nbsp; 45 | 45126 |
| 6.15%, 03/01/55 | &nbsp;&nbsp; 135 | 135705 |
| 6.70%, 04/01/53 | &nbsp;&nbsp; 235 | 253354 |
| 6.75%, 01/15/53 | &nbsp;&nbsp; 215 | 232431 |
| PECO Energy Co. |  |  |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 134 | 85538 |
| 2.85%, 09/15/51 | &nbsp;&nbsp; 525 | 333875 |
| 3.00%, 09/15/49 | &nbsp;&nbsp; 260 | 173975 |
| 3.05%, 03/15/51 | &nbsp;&nbsp; 40 | 26674 |
| 3.70%, 09/15/47 | &nbsp;&nbsp; 381 | 295820 |
| 3.90%, 03/01/48 | &nbsp;&nbsp; 309 | 246648 |
| 4.15%, 10/01/44 | &nbsp;&nbsp; 282 | 240855 |
| 4.60%, 05/15/52 | &nbsp;&nbsp; 100 | 86876 |
| 4.88%, 09/15/35 | &nbsp;&nbsp; 175 | 177512 |
| 4.90%, 06/15/33 | &nbsp;&nbsp; 75 | 77195 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.25%, 09/15/54 | &nbsp;&nbsp; $25 | $23721 |
| 5.65%, 09/15/55 | &nbsp;&nbsp; 290 | 293217 |
| PG&E Recovery Funding LLC |  |  |
| Series A-2, 5.23%, 06/01/42 | &nbsp;&nbsp; 550 | 568916 |
| Series A-3, 5.53%, 06/01/51 | &nbsp;&nbsp; 700 | 721975 |
| Potomac Electric Power Co. |  |  |
| 4.15%, 03/15/43 | &nbsp;&nbsp; 400 | 345368 |
| 5.20%, 03/15/34 | &nbsp;&nbsp; 25 | 26079 |
| 5.50%, 03/15/54 | &nbsp;&nbsp; 265 | 260124 |
| 6.50%, 11/15/37 | &nbsp;&nbsp; 460 | 520382 |
| PPL Electric Utilities Corp. |  |  |
| 3.00%, 10/01/49 | &nbsp;&nbsp; 195 | 131196 |
| 3.95%, 06/01/47 | &nbsp;&nbsp; 24 | 19478 |
| 4.15%, 10/01/45 | &nbsp;&nbsp; 60 | 50755 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 280 | 233615 |
| 4.85%, 02/15/34 | &nbsp;&nbsp; 70 | 71599 |
| 5.00%, 05/15/33 | &nbsp;&nbsp; 185 | 190916 |
| 5.25%, 05/15/53 | &nbsp;&nbsp; 845 | 811749 |
| 5.55%, 08/15/55 | &nbsp;&nbsp; 135 | 136029 |
| Public Service Co. of New Hampshire |  |  |
| 3.60%, 07/01/49 | &nbsp;&nbsp; 630 | 477041 |
| 4.40%, 07/01/28 | &nbsp;&nbsp; 75 | 75945 |
| 5.15%, 01/15/53 | &nbsp;&nbsp; 310 | 292513 |
| 5.35%, 10/01/33 | &nbsp;&nbsp; 100 | 105585 |
| Series V, 2.20%, 06/15/31 | &nbsp;&nbsp; 360 | 327135 |
| Public Service Electric and Gas Co. |  |  |
| 2.05%, 08/01/50 | &nbsp;&nbsp; 295 | 161859 |
| 2.45%, 01/15/30 | &nbsp;&nbsp; 85 | 80446 |
| 2.70%, 05/01/50 | &nbsp;&nbsp; 102 | 65181 |
| 3.00%, 03/01/51 | &nbsp;&nbsp; 75 | 49780 |
| 3.15%, 01/01/50 | &nbsp;&nbsp; 180 | 123418 |
| 3.20%, 08/01/49 | &nbsp;&nbsp; 295 | 205912 |
| 3.60%, 12/01/47 | &nbsp;&nbsp; 305 | 231528 |
| 3.65%, 09/01/28 | &nbsp;&nbsp; 340 | 338946 |
| 3.65%, 09/01/42 | &nbsp;&nbsp; 105 | 85774 |
| 3.70%, 05/01/28 | &nbsp;&nbsp; 95 | 94768 |
| 3.80%, 01/01/43 | &nbsp;&nbsp; 105 | 87829 |
| 3.80%, 03/01/46 | &nbsp;&nbsp; 25 | 20129 |
| 3.85%, 05/01/49 | &nbsp;&nbsp; 260 | 203887 |
| 3.95%, 05/01/42 | &nbsp;&nbsp; 90 | 77600 |
| 4.05%, 05/01/48 | &nbsp;&nbsp; 280 | 228156 |
| 4.65%, 03/15/33 | &nbsp;&nbsp; 70 | 70811 |
| 4.90%, 12/15/32 | &nbsp;&nbsp; 95 | 98146 |
| 5.13%, 03/15/53 | &nbsp;&nbsp; 375 | 355446 |
| 5.20%, 03/01/34 | &nbsp;&nbsp; 50 | 52092 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 40 | 39617 |
| 5.50%, 03/01/40 | &nbsp;&nbsp; 150 | 155420 |
| 5.80%, 05/01/37 | &nbsp;&nbsp; 180 | 194683 |
| Series Q, 5.50%, 03/01/55 | &nbsp;&nbsp; 55 | 54524 |
| Public Service Enterprise Group, Inc. |  |  |
| 1.60%, 08/15/30 | &nbsp;&nbsp; 2732 | 2448437 |
| 2.45%, 11/15/31 | &nbsp;&nbsp; 885 | 801978 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 70 | 72022 |
| 5.20%, 04/01/29 | &nbsp;&nbsp; 85 | 87837 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 110 | 114191 |
| 5.45%, 04/01/34 | &nbsp;&nbsp; 630 | 658482 |
| 6.13%, 10/15/33 | &nbsp;&nbsp; 410 | 444735 |
| San Diego Gas & Electric Co. |  |  |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 65 | 48218 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 230 | 188058 |
| 4.50%, 08/15/40 | &nbsp;&nbsp; 137 | 126814 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 6.00%, 06/01/39 | &nbsp;&nbsp; $70 | $75236 |
| Series RRR, 3.75%, 06/01/47 | &nbsp;&nbsp; 224 | 174220 |
| Series TTT, 4.10%, 06/15/49 | &nbsp;&nbsp; 214 | 171136 |
| Series UUU, 3.32%, 04/15/50 | &nbsp;&nbsp; 207 | 144516 |
| Series VVV, 1.70%, 10/01/30 | &nbsp;&nbsp; 915 | 824213 |
| Series WWW, 2.95%, 08/15/51 | &nbsp;&nbsp; 310 | 202776 |
| Sempra |  |  |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 437 | 433106 |
| 3.40%, 02/01/28 | &nbsp;&nbsp; 103 | 101909 |
| 3.80%, 02/01/38 | &nbsp;&nbsp; 549 | 479514 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 404 | 313209 |
| 4.13%, 04/01/52, (5-year CMT + 2.87%)<sup>(a)</sup> | &nbsp;&nbsp; 475 | 469066 |
| 5.50%, 08/01/33 | &nbsp;&nbsp; 100 | 105319 |
| 6.00%, 10/15/39 | &nbsp;&nbsp; 244 | 257681 |
| Southern California Edison Co. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 115 | 105752 |
| 2.85%, 08/01/29 | &nbsp;&nbsp; 140 | 134073 |
| 3.45%, 02/01/52 | &nbsp;&nbsp; 150 | 101962 |
| 3.65%, 02/01/50 | &nbsp;&nbsp; 383 | 273749 |
| 4.00%, 04/01/47 | &nbsp;&nbsp; 457 | 352100 |
| 4.05%, 03/15/42 | &nbsp;&nbsp; 179 | 146078 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 120 | 107006 |
| 4.65%, 10/01/43 | &nbsp;&nbsp; 161 | 139715 |
| 4.80%, 03/15/33 | &nbsp;&nbsp; 75 | 75316 |
| 5.15%, 06/01/29 | &nbsp;&nbsp; 75 | 77144 |
| 5.25%, 03/15/30 | &nbsp;&nbsp; 50 | 51719 |
| 5.45%, 06/01/31 | &nbsp;&nbsp; 40 | 41838 |
| 5.45%, 03/01/35 | &nbsp;&nbsp; 25 | 25701 |
| 5.50%, 03/15/40 | &nbsp;&nbsp; 154 | 153155 |
| 5.63%, 02/01/36 | &nbsp;&nbsp; 122 | 125720 |
| 5.70%, 03/01/53 | &nbsp;&nbsp; 70 | 66719 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 295 | 283991 |
| 5.88%, 12/01/53 | &nbsp;&nbsp; 150 | 147322 |
| 5.90%, 03/01/55 | &nbsp;&nbsp; 70 | 68903 |
| 6.00%, 01/15/34 | &nbsp;&nbsp; 275 | 293149 |
| 6.05%, 03/15/39 | &nbsp;&nbsp; 126 | 131838 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 315 | 323466 |
| 6.65%, 04/01/29 | &nbsp;&nbsp; 335 | 354682 |
| Series 04-G, 5.75%, 04/01/35 | &nbsp;&nbsp; 105 | 109670 |
| Series 05-E, 5.35%, 07/15/35 | &nbsp;&nbsp; 95 | 96713 |
| Series 06-E, 5.55%, 01/15/37 | &nbsp;&nbsp; 150 | 153365 |
| Series 08-A, 5.95%, 02/01/38 | &nbsp;&nbsp; 137 | 143047 |
| Series 13-A, 3.90%, 03/15/43 | &nbsp;&nbsp; 160 | 126057 |
| Series A, 4.20%, 03/01/29 | &nbsp;&nbsp; 145 | 145097 |
| Series B, 4.88%, 03/01/49 | &nbsp;&nbsp; 139 | 119697 |
| Series C, 3.60%, 02/01/45 | &nbsp;&nbsp; 70 | 51864 |
| Series C, 4.13%, 03/01/48 | &nbsp;&nbsp; 341 | 266999 |
| Series E, 5.45%, 06/01/52 | &nbsp;&nbsp; 10 | 9231 |
| Series H, 3.65%, 06/01/51 | &nbsp;&nbsp; 5 | 3512 |
| Tampa Electric Co. |  |  |
| 3.45%, 03/15/51 | &nbsp;&nbsp; 35 | 25162 |
| 5.00%, 07/15/52 | &nbsp;&nbsp; 200 | 184981 |
| Toledo Edison Co. (The), 6.15%, 05/15/37 | &nbsp;&nbsp; 45 | 49741 |
|  |  | 95017119 |
| **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** |
| ABB Finance USA, Inc. |  |  |
| 3.80%, 04/03/28 | &nbsp;&nbsp; 1555 | 1556458 |
| 4.38%, 05/08/42 | &nbsp;&nbsp; 3455 | 3142991 |
| Acuity Brands Lighting, Inc., 2.15%, 12/15/30 | &nbsp;&nbsp; 990 | 898746 |
|  |  | 5598195 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics — 0.3%** | **Electronics — 0.3%** | **Electronics — 0.3%** |
| Allegion PLC, 3.50%, 10/01/29 | &nbsp;&nbsp; $855 | $837101 |
| Allegion U.S. Holding Co., Inc. |  |  |
| 3.55%, 10/01/27 | &nbsp;&nbsp; 580 | 575996 |
| 5.41%, 07/01/32 | &nbsp;&nbsp; 590 | 616287 |
| 5.60%, 05/29/34 | &nbsp;&nbsp; 725 | 764776 |
| Avnet, Inc. |  |  |
| 3.00%, 05/15/31 | &nbsp;&nbsp; 335 | 308752 |
| 5.50%, 06/01/32 | &nbsp;&nbsp; 210 | 218017 |
| 6.25%, 03/15/28 | &nbsp;&nbsp; 160 | 165972 |
| Flex Ltd., 4.88%, 05/12/30 | &nbsp;&nbsp; 580 | 590618 |
| Fortive Corp., 4.30%, 06/15/46 | &nbsp;&nbsp; 70 | 59081 |
| Honeywell International, Inc. |  |  |
| 1.75%, 09/01/31 | &nbsp;&nbsp; 5 | 4425 |
| 1.95%, 06/01/30 | &nbsp;&nbsp; 965 | 889713 |
| 2.70%, 08/15/29 | &nbsp;&nbsp; 1450 | 1396290 |
| 3.81%, 11/21/47 | &nbsp;&nbsp; 262 | 209008 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 160 | 161892 |
| 4.50%, 01/15/34 | &nbsp;&nbsp; 250 | 251060 |
| 4.70%, 02/01/30 | &nbsp;&nbsp; 75 | 77035 |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 45 | 46318 |
| 4.88%, 09/01/29 | &nbsp;&nbsp; 75 | 77417 |
| 4.95%, 09/01/31 | &nbsp;&nbsp; 55 | 57441 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 70 | 72974 |
| 5.00%, 03/01/35 | &nbsp;&nbsp; 440 | 453040 |
| 5.25%, 03/01/54 | &nbsp;&nbsp; 215 | 206888 |
| 5.35%, 03/01/64 | &nbsp;&nbsp; 145 | 140220 |
| 5.38%, 03/01/41 | &nbsp;&nbsp; 90 | 93765 |
| 5.70%, 03/15/36 | &nbsp;&nbsp; 400 | 432158 |
| 5.70%, 03/15/37 | &nbsp;&nbsp; 262 | 283370 |
| Hubbell, Inc. |  |  |
| 3.15%, 08/15/27 | &nbsp;&nbsp; 96 | 94935 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 65 | 64591 |
| 4.80%, 11/15/35 | &nbsp;&nbsp; 25 | 25124 |
| Keysight Technologies, Inc. |  |  |
| 3.00%, 10/30/29 | &nbsp;&nbsp; 503 | 485792 |
| 4.60%, 04/06/27 | &nbsp;&nbsp; 1293 | 1299857 |
| 4.95%, 10/15/34 | &nbsp;&nbsp; 65 | 66285 |
| 5.35%, 07/30/30 | &nbsp;&nbsp; 30 | 31430 |
| Trimble, Inc., 4.90%, 06/15/28 | &nbsp;&nbsp; 609 | 615264 |
| Tyco Electronics Group SA |  |  |
| 3.13%, 08/15/27 | &nbsp;&nbsp; 795 | 789068 |
| 4.50%, 02/09/31 | &nbsp;&nbsp; 25 | 25441 |
| 4.88%, 02/09/36 | &nbsp;&nbsp; 35 | 35529 |
| 7.13%, 10/01/37 | &nbsp;&nbsp; 135 | 161262 |
| Vontier Corp. |  |  |
| 2.40%, 04/01/28 | &nbsp;&nbsp; 450 | 434578 |
| 2.95%, 04/01/31 | &nbsp;&nbsp; 250 | 232170 |
|  |  | 13350940 |
| **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** |
| Jacobs Engineering Group, Inc. |  |  |
| 5.90%, 03/01/33 | &nbsp;&nbsp; 1340 | 1412265 |
| 6.35%, 08/18/28 | &nbsp;&nbsp; 3545 | 3724440 |
|  |  | 5136705 |
| **Environmental Control — 0.0%** | **Environmental Control — 0.0%** | **Environmental Control — 0.0%** |
| Republic Services, Inc. |  |  |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 90 | 62023 |
| 5.70%, 05/15/41 | &nbsp;&nbsp; 10 | 10678 |
| 6.20%, 03/01/40 | &nbsp;&nbsp; 38 | 42842 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| Veralto Corp. |  |  |
| 5.35%, 09/18/28 | &nbsp;&nbsp; $685 | $707152 |
| 5.45%, 09/18/33 | &nbsp;&nbsp; 755 | 795433 |
| Waste Connections, Inc. |  |  |
| 2.95%, 01/15/52 | &nbsp;&nbsp; 85 | 56122 |
| 3.05%, 04/01/50 | &nbsp;&nbsp; 107 | 73783 |
| Waste Management, Inc. |  |  |
| 2.50%, 11/15/50 | &nbsp;&nbsp; 45 | 27852 |
| 4.10%, 03/01/45 | &nbsp;&nbsp; 35 | 30414 |
| 4.15%, 07/15/49 | &nbsp;&nbsp; 177 | 150831 |
| 4.63%, 02/15/30 | &nbsp;&nbsp; 100 | 102373 |
| 4.63%, 02/15/33 | &nbsp;&nbsp; 35 | 35803 |
| 5.35%, 10/15/54 | &nbsp;&nbsp; 25 | 24656 |
|  |  | 2119962 |
| **Food — 0.5%** | **Food — 0.5%** | **Food — 0.5%** |
| Ahold Finance USA LLC, 6.88%, 05/01/29 | &nbsp;&nbsp; 225 | 244114 |
| Campbell's Co. (The), 4.55%, 03/21/31 | &nbsp;&nbsp; 125 | 125044 |
| Campbell's Company/The |  |  |
| 2.38%, 04/24/30 | &nbsp;&nbsp; 123 | 113899 |
| 3.13%, 04/24/50 | &nbsp;&nbsp; 106 | 69671 |
| 4.15%, 03/15/28 | &nbsp;&nbsp; 843 | 845342 |
| 4.75%, 03/23/35 | &nbsp;&nbsp; 165 | 160186 |
| 4.80%, 03/15/48 | &nbsp;&nbsp; 296 | 256350 |
| 5.40%, 03/21/34 | &nbsp;&nbsp; 145 | 148239 |
| Conagra Brands, Inc. |  |  |
| 5.00%, 08/01/30 | &nbsp;&nbsp; 150 | 152989 |
| 5.30%, 11/01/38 | &nbsp;&nbsp; 305 | 293616 |
| 5.40%, 11/01/48 | &nbsp;&nbsp; 261 | 233890 |
| 5.75%, 08/01/35<sup>(b)</sup> | &nbsp;&nbsp; 140 | 144482 |
| 7.00%, 10/01/28 | &nbsp;&nbsp; 125 | 133687 |
| 8.25%, 09/15/30 | &nbsp;&nbsp; 325 | 373790 |
| General Mills, Inc. |  |  |
| 2.25%, 10/14/31 | &nbsp;&nbsp; 855 | 766752 |
| 2.88%, 04/15/30 | &nbsp;&nbsp; 621 | 590365 |
| 3.00%, 02/01/51 | &nbsp;&nbsp; 215 | 140531 |
| 4.15%, 02/15/43 | &nbsp;&nbsp; 205 | 173793 |
| 4.20%, 04/17/28 | &nbsp;&nbsp; 1048 | 1051889 |
| 4.70%, 04/17/48 | &nbsp;&nbsp; 115 | 102231 |
| 4.88%, 01/30/30 | &nbsp;&nbsp; 35 | 35906 |
| 4.95%, 03/29/33 | &nbsp;&nbsp; 265 | 270774 |
| 5.25%, 01/30/35 | &nbsp;&nbsp; 195 | 200134 |
| 5.40%, 06/15/40 | &nbsp;&nbsp; 315 | 321097 |
| 5.50%, 10/17/28 | &nbsp;&nbsp; 170 | 176323 |
| Hershey Co.(The) |  |  |
| 3.13%, 11/15/49 | &nbsp;&nbsp; 35 | 24831 |
| 3.38%, 08/15/46 | &nbsp;&nbsp; 100 | 76290 |
| Hormel Foods Corp. |  |  |
| 3.05%, 06/03/51 | &nbsp;&nbsp; 140 | 93849 |
| 4.80%, 03/30/27 | &nbsp;&nbsp; 115 | 116111 |
| Ingredion, Inc. |  |  |
| 2.90%, 06/01/30 | &nbsp;&nbsp; 580 | 553691 |
| 3.90%, 06/01/50 | &nbsp;&nbsp; 214 | 167599 |
| J M Smucker Co.(The) |  |  |
| 4.25%, 03/15/35 | &nbsp;&nbsp; 332 | 318018 |
| 4.38%, 03/15/45 | &nbsp;&nbsp; 140 | 121376 |
| 6.20%, 11/15/33 | &nbsp;&nbsp; 90 | 98639 |
| 6.50%, 11/15/53<sup>(b)</sup> | &nbsp;&nbsp; 170 | 186843 |
| Kellanova |  |  |
| 2.10%, 06/01/30 | &nbsp;&nbsp; 965 | 894259 |
| 3.40%, 11/15/27 | &nbsp;&nbsp; 903 | 897886 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 764 | 771019 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 4.50%, 04/01/46 | &nbsp;&nbsp; $2574 | $2315687 |
| 5.25%, 03/01/33 | &nbsp;&nbsp; 240 | 252044 |
| 5.75%, 05/16/54 | &nbsp;&nbsp; 145 | 148364 |
| Series B, 7.45%, 04/01/31 | &nbsp;&nbsp; 1189 | 1369721 |
| Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40 | &nbsp;&nbsp; 171 | 180877 |
| Kraft Heinz Foods Co. |  |  |
| 4.38%, 06/01/46 | &nbsp;&nbsp; 475 | 389724 |
| 4.88%, 10/01/49 | &nbsp;&nbsp; 425 | 366352 |
| 5.00%, 07/15/35 | &nbsp;&nbsp; 105 | 105167 |
| 5.20%, 07/15/45 | &nbsp;&nbsp; 455 | 416453 |
| 5.50%, 06/01/50 | &nbsp;&nbsp; 390 | 363870 |
| 6.50%, 02/09/40 | &nbsp;&nbsp; 115 | 124692 |
| 6.88%, 01/26/39 | &nbsp;&nbsp; 235 | 264247 |
| Kroger Co.(The) |  |  |
| 3.95%, 01/15/50 | &nbsp;&nbsp; 155 | 120241 |
| 4.65%, 01/15/48 | &nbsp;&nbsp; 165 | 144708 |
| 5.15%, 08/01/43 | &nbsp;&nbsp; 105 | 101473 |
| 5.40%, 07/15/40 | &nbsp;&nbsp; 87 | 88350 |
| 5.50%, 09/15/54 | &nbsp;&nbsp; 310 | 299118 |
| 5.65%, 09/15/64 | &nbsp;&nbsp; 180 | 174060 |
| 6.90%, 04/15/38 | &nbsp;&nbsp; 82 | 95718 |
| McCormick & Co., Inc./MD |  |  |
| 1.85%, 02/15/31 | &nbsp;&nbsp; 300 | 267996 |
| 3.40%, 08/15/27 | &nbsp;&nbsp; 710 | 706579 |
| 4.20%, 08/15/47 | &nbsp;&nbsp; 339 | 282386 |
| 4.95%, 04/15/33 | &nbsp;&nbsp; 50 | 51265 |
| Mondelez International, Inc., 2.63%, 09/04/50 | &nbsp;&nbsp; 120 | 73225 |
| Sysco Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 315 | 296186 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 45 | 44652 |
| 3.30%, 02/15/50 | &nbsp;&nbsp; 198 | 140498 |
| 4.45%, 03/15/48 | &nbsp;&nbsp; 142 | 121850 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 164 | 143030 |
| 4.85%, 10/01/45 | &nbsp;&nbsp; 75 | 68400 |
| 5.38%, 09/21/35 | &nbsp;&nbsp; 102 | 106321 |
| 5.95%, 04/01/30 | &nbsp;&nbsp; 195 | 207489 |
| 6.60%, 04/01/40 | &nbsp;&nbsp; 110 | 124430 |
| 6.60%, 04/01/50 | &nbsp;&nbsp; 255 | 285476 |
|  |  | 21686154 |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| International Paper Co. |  |  |
| 4.35%, 08/15/48 | &nbsp;&nbsp; 180 | 147523 |
| 4.40%, 08/15/47 | &nbsp;&nbsp; 256 | 212941 |
| 4.80%, 06/15/44 | &nbsp;&nbsp; 131 | 116577 |
| 5.00%, 09/15/35 | &nbsp;&nbsp; 250 | 252377 |
| 5.15%, 05/15/46 | &nbsp;&nbsp; 50 | 46302 |
| 6.00%, 11/15/41 | &nbsp;&nbsp; 230 | 238861 |
| 7.30%, 11/15/39 | &nbsp;&nbsp; 65 | 76397 |
|  |  | 1090978 |
| **Gas — 0.2%** | **Gas — 0.2%** | **Gas — 0.2%** |
| Atmos Energy Corp. |  |  |
| 2.85%, 02/15/52 | &nbsp;&nbsp; 265 | 170459 |
| 3.38%, 09/15/49 | &nbsp;&nbsp; 35 | 25103 |
| 4.13%, 10/15/44 | &nbsp;&nbsp; 50 | 42954 |
| 4.13%, 03/15/49 | &nbsp;&nbsp; 140 | 115174 |
| 4.15%, 01/15/43 | &nbsp;&nbsp; 90 | 78811 |
| 4.30%, 10/01/48 | &nbsp;&nbsp; 180 | 152308 |
| 5.20%, 08/15/35<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41755 |
| 5.45%, 01/15/56 | &nbsp;&nbsp; 105 | 103597 |
| 5.50%, 06/15/41 | &nbsp;&nbsp; 30 | 31116 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| 5.75%, 10/15/52 | &nbsp;&nbsp; $25 | $25664 |
| National Fuel Gas Co. |  |  |
| 2.95%, 03/01/31 | &nbsp;&nbsp; 297 | 275661 |
| 3.95%, 09/15/27 | &nbsp;&nbsp; 55 | 54888 |
| 4.75%, 09/01/28 | &nbsp;&nbsp; 200 | 202900 |
| NiSource, Inc. |  |  |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 280 | 248302 |
| 5.25%, 02/15/43 | &nbsp;&nbsp; 65 | 63189 |
| 5.35%, 04/01/34 | &nbsp;&nbsp; 325 | 339221 |
| 5.35%, 07/15/35 | &nbsp;&nbsp; 340 | 351093 |
| 5.40%, 06/30/33 | &nbsp;&nbsp; 60 | 62850 |
| 5.75%, 07/15/56, (5-year CMT + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 125796 |
| 5.85%, 04/01/55 | &nbsp;&nbsp; 970 | 978565 |
| 5.95%, 06/15/41 | &nbsp;&nbsp; 255 | 266736 |
| 6.38%, 03/31/55, (5-year CMT + 2.53%)<sup>(a)</sup> | &nbsp;&nbsp; 440 | 458285 |
| 6.95%, 11/30/54, (5-year CMT + 2.45%)<sup>(a)</sup> | &nbsp;&nbsp; 405 | 423250 |
| ONE Gas, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 995 | 918209 |
| 4.25%, 09/01/32 | &nbsp;&nbsp; 925 | 925828 |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 350 | 310340 |
| 4.66%, 02/01/44 | &nbsp;&nbsp; 150 | 137087 |
| 5.10%, 04/01/29 | &nbsp;&nbsp; 25 | 25835 |
| Piedmont Natural Gas Co., Inc. |  |  |
| 3.35%, 06/01/50 | &nbsp;&nbsp; 305 | 212100 |
| 5.05%, 05/15/52 | &nbsp;&nbsp; 427 | 389613 |
| 5.10%, 02/15/35 | &nbsp;&nbsp; 50 | 51197 |
| 5.40%, 06/15/33 | &nbsp;&nbsp; 80 | 84083 |
| Southern California Gas Co. |  |  |
| 3.75%, 09/15/42 | &nbsp;&nbsp; 190 | 154011 |
| 5.13%, 11/15/40 | &nbsp;&nbsp; 215 | 212963 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 100 | 104071 |
| 5.75%, 06/01/53 | &nbsp;&nbsp; 100 | 100492 |
| Series UU, 4.13%, 06/01/48 | &nbsp;&nbsp; 210 | 167554 |
| Series VV, 4.30%, 01/15/49 | &nbsp;&nbsp; 175 | 144135 |
| Series WW, 3.95%, 02/15/50 | &nbsp;&nbsp; 297 | 226892 |
| Series XX, 2.55%, 02/01/30 | &nbsp;&nbsp; 95 | 90139 |
| Southwest Gas Corp. |  |  |
| 3.18%, 08/15/51 | &nbsp;&nbsp; 30 | 20363 |
| 3.70%, 04/01/28 | &nbsp;&nbsp; 65 | 64673 |
| 3.80%, 09/29/46 | &nbsp;&nbsp; 155 | 121174 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 196 | 156511 |
| 5.45%, 03/23/28 | &nbsp;&nbsp; 35 | 35961 |
| 5.80%, 12/01/27 | &nbsp;&nbsp; 100 | 102943 |
| Spire Missouri, Inc. |  |  |
| 3.30%, 06/01/51 | &nbsp;&nbsp; 605 | 422132 |
| Series 2034, 5.15%, 08/15/34 | &nbsp;&nbsp; 175 | 181157 |
| Spire, Inc. |  |  |
| 4.60%, 09/01/31 | &nbsp;&nbsp; 70 | 70543 |
| 6.25%, 06/01/56<sup>(a)</sup> | &nbsp;&nbsp; 200 | 201136 |
| 6.45%, 06/01/56, (5-year CMT + 2.32%)<sup>(a)</sup> | &nbsp;&nbsp; 215 | 220116 |
| Washington Gas Light Co. |  |  |
| 3.65%, 09/15/49 | &nbsp;&nbsp; 214 | 159434 |
| Series K, 3.80%, 09/15/46 | &nbsp;&nbsp; 110 | 87666 |
|  |  | 10736035 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Kennametal, Inc., 4.63%, 06/15/28 | &nbsp;&nbsp; 21 | 21242 |
| Stanley Black & Decker, Inc., 4.85%, 11/15/48 | &nbsp;&nbsp; 40 | 35565 |
|  |  | 56807 |
| **Health Care - Products — 0.2%** | **Health Care - Products — 0.2%** | **Health Care - Products — 0.2%** |
| Agilent Technologies, Inc., 2.75%, 09/15/29 | &nbsp;&nbsp; 777 | 745096 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| Baxter International, Inc. |  |  |
| 2.54%, 02/01/32 | &nbsp;&nbsp; $195 | $170255 |
| 3.13%, 12/01/51 | &nbsp;&nbsp; 215 | 133896 |
| Boston Scientific Corp. |  |  |
| 4.55%, 03/01/39 | &nbsp;&nbsp; 55 | 53454 |
| 4.70%, 03/01/49<sup>(b)</sup> | &nbsp;&nbsp; 104 | 95566 |
| 6.25%, 11/15/35 | &nbsp;&nbsp; 45 | 51032 |
| 7.38%, 01/15/40 | &nbsp;&nbsp; 115 | 141160 |
| Danaher Corp. |  |  |
| 2.60%, 10/01/50 | &nbsp;&nbsp; 485 | 299507 |
| 2.80%, 12/10/51 | &nbsp;&nbsp; 590 | 376910 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 151 | 133402 |
| Dentsply Sirona, Inc., 3.25%, 06/01/30 | &nbsp;&nbsp; 400 | 375233 |
| DH Europe Finance II SARL |  |  |
| 3.25%, 11/15/39 | &nbsp;&nbsp; 380 | 314089 |
| 3.40%, 11/15/49 | &nbsp;&nbsp; 537 | 390295 |
| Edwards Lifesciences Corp., 4.30%, 06/15/28 | &nbsp;&nbsp; 2904 | 2921382 |
| GE HealthCare Technologies, Inc., 6.38%, <br> 11/22/52<br>| &nbsp;&nbsp; 305 | 334807 |
| Revvity, Inc. |  |  |
| 2.25%, 09/15/31 | &nbsp;&nbsp; 170 | 151231 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 145 | 132632 |
| 3.30%, 09/15/29 | &nbsp;&nbsp; 178 | 172598 |
| 3.63%, 03/15/51 | &nbsp;&nbsp; 140 | 102584 |
| Smith & Nephew PLC |  |  |
| 2.03%, 10/14/30 | &nbsp;&nbsp; 255 | 231307 |
| 5.40%, 03/20/34 | &nbsp;&nbsp; 100 | 104072 |
| Solventum Corp. |  |  |
| 5.60%, 03/23/34 | &nbsp;&nbsp; 180 | 188056 |
| 5.90%, 04/30/54 | &nbsp;&nbsp; 265 | 264943 |
| STERIS Irish FinCo UnLtd Co. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 620 | 575742 |
| 3.75%, 03/15/51 | &nbsp;&nbsp; 355 | 270710 |
| Stryker Corp. |  |  |
| 2.90%, 06/15/50 | &nbsp;&nbsp; 195 | 129406 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 60 | 51782 |
| 4.38%, 05/15/44 | &nbsp;&nbsp; 134 | 118200 |
| 4.63%, 03/15/46 | &nbsp;&nbsp; 174 | 157143 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 2.60%, 11/24/31 | &nbsp;&nbsp; 780 | 712399 |
| 4.45%, 08/15/45 | &nbsp;&nbsp; 169 | 152176 |
| 5.05%, 02/19/30 | &nbsp;&nbsp; 25 | 25849 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 25 | 25712 |
| 5.50%, 02/19/35 | &nbsp;&nbsp; 25 | 26161 |
| 5.75%, 11/30/39 | &nbsp;&nbsp; 165 | 172547 |
|  |  | 10301334 |
| **Health Care - Services — 0.7%** | **Health Care - Services — 0.7%** | **Health Care - Services — 0.7%** |
| Aetna, Inc. |  |  |
| 3.88%, 08/15/47 | &nbsp;&nbsp; 15 | 11415 |
| 4.50%, 05/15/42 | &nbsp;&nbsp; 150 | 130878 |
| 6.63%, 06/15/36 | &nbsp;&nbsp; 236 | 262806 |
| 6.75%, 12/15/37 | &nbsp;&nbsp; 159 | 177326 |
| Centene Corp. |  |  |
| 2.45%, 07/15/28 | &nbsp;&nbsp; 110 | 103732 |
| 2.50%, 03/01/31 | &nbsp;&nbsp; 495 | 429424 |
| 2.63%, 08/01/31 | &nbsp;&nbsp; 525 | 455293 |
| 3.00%, 10/15/30 | &nbsp;&nbsp; 245 | 220765 |
| 3.38%, 02/15/30 | &nbsp;&nbsp; 960 | 890694 |
| 4.25%, 12/15/27 | &nbsp;&nbsp; 35 | 34788 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 355 | 346315 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Cigna Group(The) |  |  |
| 2.40%, 03/15/30 | &nbsp;&nbsp; $280 | $262947 |
| 3.20%, 03/15/40 | &nbsp;&nbsp; 240 | 191413 |
| 3.40%, 03/15/50 | &nbsp;&nbsp; 514 | 364226 |
| 3.40%, 03/15/51 | &nbsp;&nbsp; 330 | 232138 |
| 3.88%, 10/15/47 | &nbsp;&nbsp; 411 | 319046 |
| 4.38%, 10/15/28 | &nbsp;&nbsp; 1086 | 1096725 |
| 4.50%, 09/15/30 | &nbsp;&nbsp; 75 | 76020 |
| 4.80%, 08/15/38 | &nbsp;&nbsp; 568 | 549994 |
| 4.80%, 07/15/46 | &nbsp;&nbsp; 255 | 228764 |
| 4.88%, 09/15/32 | &nbsp;&nbsp; 75 | 76684 |
| 4.90%, 12/15/48 | &nbsp;&nbsp; 575 | 516606 |
| 5.25%, 02/15/34 | &nbsp;&nbsp; 315 | 326359 |
| 5.25%, 01/15/36 | &nbsp;&nbsp; 75 | 76997 |
| 5.40%, 03/15/33 | &nbsp;&nbsp; 200 | 210149 |
| 5.60%, 02/15/54 | &nbsp;&nbsp; 290 | 283797 |
| 6.00%, 01/15/56 | &nbsp;&nbsp; 180 | 186799 |
| 6.13%, 11/15/41 | &nbsp;&nbsp; 244 | 260993 |
| Elevance Health, Inc. |  |  |
| 2.25%, 05/15/30 | &nbsp;&nbsp; 60 | 55548 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 125 | 115130 |
| 2.88%, 09/15/29 | &nbsp;&nbsp; 195 | 187369 |
| 3.13%, 05/15/50 | &nbsp;&nbsp; 178 | 118360 |
| 3.60%, 03/15/51 | &nbsp;&nbsp; 235 | 169216 |
| 3.65%, 12/01/27 | &nbsp;&nbsp; 355 | 353621 |
| 3.70%, 09/15/49 | &nbsp;&nbsp; 240 | 178230 |
| 4.00%, 09/15/28 | &nbsp;&nbsp; 175 | 175306 |
| 4.10%, 03/01/28 | &nbsp;&nbsp; 305 | 305679 |
| 4.10%, 05/15/32 | &nbsp;&nbsp; 345 | 338587 |
| 4.38%, 12/01/47 | &nbsp;&nbsp; 311 | 259708 |
| 4.55%, 03/01/48 | &nbsp;&nbsp; 45 | 38761 |
| 4.55%, 05/15/52 | &nbsp;&nbsp; 130 | 108679 |
| 4.60%, 09/15/32 | &nbsp;&nbsp; 175 | 176512 |
| 4.63%, 05/15/42 | &nbsp;&nbsp; 297 | 270680 |
| 4.65%, 01/15/43 | &nbsp;&nbsp; 235 | 212262 |
| 4.65%, 08/15/44 | &nbsp;&nbsp; 122 | 108679 |
| 4.75%, 02/15/30 | &nbsp;&nbsp; 160 | 163773 |
| 4.75%, 02/15/33 | &nbsp;&nbsp; 460 | 464928 |
| 4.95%, 11/01/31 | &nbsp;&nbsp; 260 | 267584 |
| 5.00%, 01/15/36 | &nbsp;&nbsp; 175 | 175782 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 186 | 176551 |
| 5.13%, 02/15/53 | &nbsp;&nbsp; 120 | 109091 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 225 | 232584 |
| 5.20%, 02/15/35 | &nbsp;&nbsp; 480 | 492877 |
| 5.38%, 06/15/34 | &nbsp;&nbsp; 300 | 312075 |
| 5.50%, 10/15/32 | &nbsp;&nbsp; 455 | 480069 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 135 | 131761 |
| 5.70%, 02/15/55 | &nbsp;&nbsp; 180 | 176739 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 235 | 231366 |
| 5.85%, 01/15/36 | &nbsp;&nbsp; 200 | 213030 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 275 | 270989 |
| 5.95%, 12/15/34 | &nbsp;&nbsp; 155 | 167315 |
| 6.10%, 10/15/52 | &nbsp;&nbsp; 50 | 51896 |
| 6.38%, 06/15/37 | &nbsp;&nbsp; 59 | 65425 |
| HCA, Inc. |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 80 | 72217 |
| 3.50%, 09/01/30 | &nbsp;&nbsp; 480 | 464975 |
| 3.50%, 07/15/51 | &nbsp;&nbsp; 484 | 334017 |
| 3.63%, 03/15/32 | &nbsp;&nbsp; 47 | 44730 |
| 4.13%, 06/15/29 | &nbsp;&nbsp; 228 | 228289 |
| 4.63%, 03/15/52 | &nbsp;&nbsp; 302 | 250476 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 5.13%, 06/15/39 | &nbsp;&nbsp; $244 | $237641 |
| 5.25%, 06/15/49 | &nbsp;&nbsp; 369 | 337008 |
| 5.50%, 06/01/33 | &nbsp;&nbsp; 590 | 617870 |
| 5.50%, 06/15/47 | &nbsp;&nbsp; 414 | 394451 |
| 5.60%, 04/01/34 | &nbsp;&nbsp; 120 | 125925 |
| 5.88%, 02/01/29 | &nbsp;&nbsp; 370 | 385371 |
| 5.90%, 06/01/53 | &nbsp;&nbsp; 215 | 211372 |
| 5.95%, 09/15/54 | &nbsp;&nbsp; 120 | 119252 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 285 | 285294 |
| 6.10%, 04/01/64 | &nbsp;&nbsp; 155 | 154822 |
| Humana, Inc. |  |  |
| 3.13%, 08/15/29 | &nbsp;&nbsp; 165 | 158677 |
| 3.95%, 08/15/49 | &nbsp;&nbsp; 186 | 135777 |
| 4.63%, 12/01/42 | &nbsp;&nbsp; 237 | 203649 |
| 4.80%, 03/15/47 | &nbsp;&nbsp; 235 | 196189 |
| 4.88%, 04/01/30 | &nbsp;&nbsp; 429 | 435090 |
| 4.95%, 10/01/44 | &nbsp;&nbsp; 240 | 209068 |
| 5.38%, 04/15/31 | &nbsp;&nbsp; 180 | 185503 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 105 | 94399 |
| 5.55%, 05/01/35 | &nbsp;&nbsp; 140 | 142571 |
| 5.75%, 03/01/28 | &nbsp;&nbsp; 60 | 61633 |
| 5.75%, 12/01/28 | &nbsp;&nbsp; 20 | 20708 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 250 | 232824 |
| 5.88%, 03/01/33 | &nbsp;&nbsp; 185 | 193625 |
| 5.95%, 03/15/34 | &nbsp;&nbsp; 240 | 251569 |
| 6.00%, 05/01/55<sup>(b)</sup> | &nbsp;&nbsp; 105 | 101190 |
| ICON Investments Six DAC, 6.00%, 05/08/34 | &nbsp;&nbsp; 455 | 466955 |
| IQVIA, Inc. |  |  |
| 5.70%, 05/15/28 | &nbsp;&nbsp; 105 | 108061 |
| 6.25%, 02/01/29 | &nbsp;&nbsp; 150 | 157663 |
| Laboratory Corp. of America Holdings |  |  |
| 2.70%, 06/01/31 | &nbsp;&nbsp; 450 | 416445 |
| 2.95%, 12/01/29 | &nbsp;&nbsp; 252 | 242321 |
| 4.35%, 04/01/30 | &nbsp;&nbsp; 150 | 151243 |
| 4.55%, 04/01/32 | &nbsp;&nbsp; 65 | 65502 |
| 4.70%, 02/01/45 | &nbsp;&nbsp; 329 | 299120 |
| 4.80%, 10/01/34 | &nbsp;&nbsp; 115 | 115093 |
| Quest Diagnostics, Inc. |  |  |
| 2.80%, 06/30/31 | &nbsp;&nbsp; 800 | 745489 |
| 2.95%, 06/30/30 | &nbsp;&nbsp; 621 | 592190 |
| 4.20%, 06/30/29 | &nbsp;&nbsp; 401 | 403855 |
| 4.70%, 03/30/45 | &nbsp;&nbsp; 275 | 254601 |
| 5.00%, 12/15/34 | &nbsp;&nbsp; 145 | 148369 |
| 6.40%, 11/30/33 | &nbsp;&nbsp; 115 | 128487 |
| UnitedHealth Group, Inc. |  |  |
| 2.75%, 05/15/40 | &nbsp;&nbsp; 85 | 63930 |
| 2.90%, 05/15/50 | &nbsp;&nbsp; 120 | 77737 |
| 3.13%, 05/15/60 | &nbsp;&nbsp; 197 | 121219 |
| 3.25%, 05/15/51 | &nbsp;&nbsp; 305 | 207909 |
| 3.50%, 08/15/39 | &nbsp;&nbsp; 205 | 172150 |
| 3.70%, 08/15/49 | &nbsp;&nbsp; 306 | 229316 |
| 3.75%, 10/15/47 | &nbsp;&nbsp; 225 | 173116 |
| 3.88%, 08/15/59 | &nbsp;&nbsp; 288 | 208590 |
| 3.95%, 10/15/42 | &nbsp;&nbsp; 40 | 33487 |
| 4.20%, 01/15/47 | &nbsp;&nbsp; 234 | 193927 |
| 4.25%, 03/15/43 | &nbsp;&nbsp; 150 | 129573 |
| 4.25%, 04/15/47 | &nbsp;&nbsp; 227 | 188730 |
| 4.25%, 06/15/48 | &nbsp;&nbsp; 285 | 235200 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 155 | 138407 |
| 4.45%, 12/15/48 | &nbsp;&nbsp; 244 | 206569 |
| 4.63%, 07/15/35 | &nbsp;&nbsp; 331 | 329025 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 4.63%, 11/15/41 | &nbsp;&nbsp; $156 | $143572 |
| 4.75%, 07/15/45 | &nbsp;&nbsp; 232 | 209793 |
| 4.75%, 05/15/52 | &nbsp;&nbsp; 255 | 221763 |
| 4.95%, 05/15/62 | &nbsp;&nbsp; 205 | 179059 |
| 5.00%, 04/15/34 | &nbsp;&nbsp; 680 | 697621 |
| 5.15%, 07/15/34 | &nbsp;&nbsp; 675 | 697156 |
| 5.20%, 04/15/63 | &nbsp;&nbsp; 330 | 297886 |
| 5.38%, 04/15/54 | &nbsp;&nbsp; 245 | 232319 |
| 5.50%, 04/15/64 | &nbsp;&nbsp; 205 | 194346 |
| 5.63%, 07/15/54 | &nbsp;&nbsp; 560 | 551508 |
| 5.70%, 10/15/40 | &nbsp;&nbsp; 5 | 5231 |
| 5.80%, 03/15/36 | &nbsp;&nbsp; 245 | 262891 |
| 5.88%, 02/15/53 | &nbsp;&nbsp; 190 | 193312 |
| 5.95%, 02/15/41 | &nbsp;&nbsp; 55 | 58399 |
| 6.05%, 02/15/63 | &nbsp;&nbsp; 180 | 185033 |
| 6.50%, 06/15/37 | &nbsp;&nbsp; 150 | 168649 |
| 6.63%, 11/15/37 | &nbsp;&nbsp; 175 | 199018 |
| 6.88%, 02/15/38 | &nbsp;&nbsp; 185 | 214836 |
|  |  | 34282108 |
| **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** |
| HA Sustainable Infrastructure Capital, Inc. |  |  |
| 6.15%, 01/15/31 | &nbsp;&nbsp; 195 | 202300 |
| 6.38%, 07/01/34 | &nbsp;&nbsp; 730 | 754415 |
| 6.75%, 07/15/35 | &nbsp;&nbsp; 1400 | 1470332 |
| North Haven Private Income Fund LLC, 5.75%, <br> 02/01/30<br>| &nbsp;&nbsp; 780 | 769553 |
|  |  | 3196600 |
| **Home Builders — 0.0%** | **Home Builders — 0.0%** | **Home Builders — 0.0%** |
| PulteGroup, Inc. |  |  |
| 6.00%, 02/15/35 | &nbsp;&nbsp; 75 | 81190 |
| 6.38%, 05/15/33 | &nbsp;&nbsp; 105 | 116839 |
| 7.88%, 06/15/32 | &nbsp;&nbsp; 10 | 11804 |
| Sekisui House U.S., Inc. |  |  |
| 2.50%, 01/15/31 | &nbsp;&nbsp; 95 | 85610 |
| 3.97%, 08/06/61 | &nbsp;&nbsp; 125 | 85314 |
| 6.00%, 01/15/43 | &nbsp;&nbsp; 155 | 147800 |
|  |  | 528557 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Leggett & Platt, Inc. |  |  |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 77 | 76062 |
| 3.50%, 11/15/51 | &nbsp;&nbsp; 160 | 105157 |
| 4.40%, 03/15/29 | &nbsp;&nbsp; 270 | 268931 |
|  |  | 450150 |
| **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** |
| Avery Dennison Corp. |  |  |
| 2.25%, 02/15/32 | &nbsp;&nbsp; 365 | 325163 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 295 | 315190 |
| Church & Dwight Co., Inc. |  |  |
| 2.30%, 12/15/31 | &nbsp;&nbsp; 45 | 40886 |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 45 | 36835 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 115 | 107463 |
| 5.60%, 11/15/32 | &nbsp;&nbsp; 100 | 107644 |
| Clorox Co.(The) |  |  |
| 1.80%, 05/15/30 | &nbsp;&nbsp; 905 | 824026 |
| 3.10%, 10/01/27 | &nbsp;&nbsp; 986 | 974842 |
| 3.90%, 05/15/28 | &nbsp;&nbsp; 554 | 554407 |
| 4.40%, 05/01/29 | &nbsp;&nbsp; 1065 | 1077559 |
| 4.60%, 05/01/32 | &nbsp;&nbsp; 505 | 512375 |
| Kimberly-Clark Corp. |  |  |
| 2.00%, 11/02/31<sup>(b)</sup> | &nbsp;&nbsp; 100 | 90535 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Household Products & Wares (continued)** | **Household Products & Wares (continued)** | **Household Products & Wares (continued)** |
| 2.88%, 02/07/50 | &nbsp;&nbsp; $210 | $143935 |
| 3.10%, 03/26/30 | &nbsp;&nbsp; 913 | 885041 |
| 3.20%, 04/25/29 | &nbsp;&nbsp; 550 | 540511 |
| 3.20%, 07/30/46 | &nbsp;&nbsp; 270 | 198006 |
| 3.90%, 05/04/47 | &nbsp;&nbsp; 210 | 170662 |
| 3.95%, 11/01/28 | &nbsp;&nbsp; 360 | 361694 |
| 4.50%, 02/16/33 | &nbsp;&nbsp; 140 | 143088 |
| 5.30%, 03/01/41 | &nbsp;&nbsp; 155 | 161373 |
| 6.63%, 08/01/37 | &nbsp;&nbsp; 340 | 395676 |
|  |  | 7966911 |
| **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** |
| ACE Capital Trust II, Series N, 9.70%, 04/01/30 | &nbsp;&nbsp; 142 | 169757 |
| Aegon Ltd., 5.50%, 04/11/48, (6-mo. SOFR US + <br> 3.97%)<sup>(a)</sup><br>| &nbsp;&nbsp; 1960 | 1984349 |
| Aflac, Inc. |  |  |
| 3.60%, 04/01/30 | &nbsp;&nbsp; 219 | 215765 |
| 4.00%, 10/15/46 | &nbsp;&nbsp; 30 | 24346 |
| 4.75%, 01/15/49 | &nbsp;&nbsp; 72 | 63824 |
| Allstate Corp.(The) |  |  |
| 5.35%, 06/01/33 | &nbsp;&nbsp; 13 | 13663 |
| 5.55%, 05/09/35 | &nbsp;&nbsp; 60 | 63761 |
| 6.50%, 05/15/67, (3-mo. SOFR US + 2.38%)<sup>(a)</sup> | &nbsp;&nbsp; 225 | 236419 |
| American International Group, Inc. |  |  |
| 4.50%, 07/16/44 | &nbsp;&nbsp; 205 | 181454 |
| 4.75%, 04/01/48 | &nbsp;&nbsp; 341 | 305772 |
| Aon Corp. |  |  |
| 3.75%, 05/02/29 | &nbsp;&nbsp; 5 | 4959 |
| 4.50%, 12/15/28 | &nbsp;&nbsp; 114 | 115560 |
| 6.25%, 09/30/40 | &nbsp;&nbsp; 135 | 148668 |
| Aon Global Ltd., 4.75%, 05/15/45 | &nbsp;&nbsp; 147 | 130450 |
| Aon North America, Inc., 5.75%, 03/01/54 | &nbsp;&nbsp; 105 | 103933 |
| Arch Capital Finance LLC, 5.03%, 12/15/46 | &nbsp;&nbsp; 161 | 152226 |
| Arch Capital Group Ltd., 3.64%, 06/30/50 | &nbsp;&nbsp; 135 | 100031 |
| Arch Capital Group U.S., Inc., 5.14%, 11/01/43 | &nbsp;&nbsp; 100 | 96223 |
| Arthur J Gallagher & Co. |  |  |
| 3.05%, 03/09/52 | &nbsp;&nbsp; 335 | 212289 |
| 5.15%, 02/15/35 | &nbsp;&nbsp; 55 | 55764 |
| 5.55%, 02/15/55 | &nbsp;&nbsp; 330 | 315119 |
| 5.75%, 07/15/54 | &nbsp;&nbsp; 30 | 29197 |
| 6.75%, 02/15/54 | &nbsp;&nbsp; 65 | 71092 |
| Assurant, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 1430 | 1283236 |
| 3.70%, 02/22/30 | &nbsp;&nbsp; 1189 | 1163452 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 294 | 297806 |
| 5.55%, 02/15/36 | &nbsp;&nbsp; 670 | 680826 |
| Athene Holding Ltd., 6.88%, 06/28/55, (5-year <br> CMT + 2.58%)<sup>(a)</sup><br>| &nbsp;&nbsp; 20 | 19265 |
| AXA SA, 8.60%, 12/15/30 | &nbsp;&nbsp; 2545 | 2993385 |
| Axis Specialty Finance LLC |  |  |
| 3.90%, 07/15/29 | &nbsp;&nbsp; 50 | 49722 |
| 4.90%, 01/15/40, (5-year CMT + 3.19%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | 88645 |
| Brown & Brown, Inc., 4.50%, 03/15/29 | &nbsp;&nbsp; 65 | 65355 |
| Chubb INA Holdings LLC |  |  |
| 3.05%, 12/15/61 | &nbsp;&nbsp; 80 | 50207 |
| 4.15%, 03/13/43 | &nbsp;&nbsp; 15 | 13158 |
| 4.35%, 11/03/45 | &nbsp;&nbsp; 150 | 131761 |
| 6.00%, 05/11/37 | &nbsp;&nbsp; 15 | 16413 |
| 6.70%, 05/15/36 | &nbsp;&nbsp; 125 | 144042 |
| Series 1, 6.50%, 05/15/38 | &nbsp;&nbsp; 15 | 17216 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| CNO Financial Group, Inc. |  |  |
| 5.25%, 05/30/29 | &nbsp;&nbsp; $316 | $321247 |
| 6.45%, 06/15/34 | &nbsp;&nbsp; 200 | 208751 |
| Equitable Holdings, Inc. |  |  |
| 4.35%, 04/20/28 | &nbsp;&nbsp; 600 | 602702 |
| 5.00%, 04/20/48 | &nbsp;&nbsp; 155 | 137905 |
| 6.70%, 03/28/55, (5-year CMT + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 57254 |
| Everest Reinsurance Holdings, Inc. |  |  |
| 3.13%, 10/15/52 | &nbsp;&nbsp; 115 | 72893 |
| 4.87%, 06/01/44 | &nbsp;&nbsp; 60 | 53402 |
| First American Financial Corp. |  |  |
| 2.40%, 08/15/31 | &nbsp;&nbsp; 25 | 22038 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 230 | 223591 |
| Hanover Insurance Group, Inc.(The) |  |  |
| 2.80%, 08/19/29 | &nbsp;&nbsp; 2345 | 2254758 |
| 3.60%, 08/19/49 | &nbsp;&nbsp; 374 | 277864 |
| 4.30%, 04/15/43 | &nbsp;&nbsp; 115 | 101559 |
| 4.40%, 03/15/48 | &nbsp;&nbsp; 176 | 150496 |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 738 | 799504 |
| 6.10%, 10/01/41 | &nbsp;&nbsp; 240 | 261654 |
| Jackson Financial, Inc. |  |  |
| 3.13%, 11/23/31 | &nbsp;&nbsp; 120 | 109521 |
| 4.00%, 11/23/51 | &nbsp;&nbsp; 55 | 37376 |
| Lincoln National Corp. |  |  |
| 3.05%, 01/15/30 | &nbsp;&nbsp; 50 | 47601 |
| 4.35%, 03/01/48 | &nbsp;&nbsp; 67 | 52274 |
| 6.30%, 10/09/37 | &nbsp;&nbsp; 117 | 121339 |
| 7.00%, 06/15/40 | &nbsp;&nbsp; 175 | 186263 |
| Manulife Financial Corp. |  |  |
| 3.70%, 03/16/32 | &nbsp;&nbsp; 2645 | 2553334 |
| 4.99%, 12/11/35 | &nbsp;&nbsp; 125 | 125344 |
| 5.38%, 03/04/46 | &nbsp;&nbsp; 300 | 299015 |
| Markel Group, Inc. |  |  |
| 3.35%, 09/17/29 | &nbsp;&nbsp; 110 | 106996 |
| 4.15%, 09/17/50 | &nbsp;&nbsp; 85 | 66857 |
| 5.00%, 05/20/49 | &nbsp;&nbsp; 75 | 67522 |
| 6.00%, 05/16/54 | &nbsp;&nbsp; 35 | 35646 |
| Marsh & McLennan Companies, Inc. |  |  |
| 4.20%, 03/01/48 | &nbsp;&nbsp; 230 | 189135 |
| 4.35%, 01/30/47 | &nbsp;&nbsp; 252 | 213248 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 227 | 229360 |
| 4.55%, 11/08/27 | &nbsp;&nbsp; 65 | 65604 |
| 4.65%, 03/15/30 | &nbsp;&nbsp; 125 | 127470 |
| 4.75%, 03/15/39 | &nbsp;&nbsp; 90 | 86999 |
| 4.85%, 11/15/31 | &nbsp;&nbsp; 125 | 128640 |
| 4.90%, 03/15/49 | &nbsp;&nbsp; 342 | 309459 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 50 | 50427 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 360 | 366330 |
| 5.35%, 11/15/44 | &nbsp;&nbsp; 75 | 72678 |
| 5.40%, 03/15/55 | &nbsp;&nbsp; 405 | 389047 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 35 | 33706 |
| 5.45%, 03/15/54 | &nbsp;&nbsp; 45 | 43174 |
| 5.70%, 09/15/53 | &nbsp;&nbsp; 15 | 14902 |
| 5.88%, 08/01/33 | &nbsp;&nbsp; 420 | 457113 |
| MetLife, Inc. |  |  |
| 4.05%, 03/01/45 | &nbsp;&nbsp; 288 | 238064 |
| 4.13%, 08/13/42 | &nbsp;&nbsp; 75 | 63808 |
| 4.55%, 03/23/30 | &nbsp;&nbsp; 451 | 460671 |
| 4.60%, 05/13/46 | &nbsp;&nbsp; 170 | 150857 |
| 4.72%, 12/15/44 | &nbsp;&nbsp; 202 | 181261 |
| 4.88%, 11/13/43 | &nbsp;&nbsp; 172 | 159269 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.25%, 01/15/54 | &nbsp;&nbsp; $25 | $23545 |
| 5.30%, 12/15/34 | &nbsp;&nbsp; 305 | 317131 |
| 5.38%, 07/15/33 | &nbsp;&nbsp; 155 | 163123 |
| 5.70%, 06/15/35 | &nbsp;&nbsp; 125 | 133382 |
| 5.88%, 02/06/41 | &nbsp;&nbsp; 135 | 142137 |
| 6.38%, 06/15/34 | &nbsp;&nbsp; 20 | 22302 |
| 6.40%, 12/15/66 | &nbsp;&nbsp; 497 | 520750 |
| 6.50%, 12/15/32 | &nbsp;&nbsp; 40 | 44956 |
| 10.75%, 08/01/69 | &nbsp;&nbsp; 240 | 318794 |
| Series G, 6.35%, 03/15/55, (5-year CMT + <br> 2.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; 110 | 114571 |
| Principal Financial Group, Inc. |  |  |
| 3.70%, 05/15/29 | &nbsp;&nbsp; 137 | 135537 |
| 4.30%, 11/15/46 | &nbsp;&nbsp; 219 | 185297 |
| 4.35%, 05/15/43 | &nbsp;&nbsp; 136 | 118713 |
| 4.63%, 09/15/42 | &nbsp;&nbsp; 179 | 161931 |
| 6.05%, 10/15/36 | &nbsp;&nbsp; 94 | 102610 |
| Progressive Corp.(The) |  |  |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 1010 | 937138 |
| 3.20%, 03/26/30 | &nbsp;&nbsp; 825 | 800813 |
| 3.70%, 01/26/45 | &nbsp;&nbsp; 194 | 153710 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 5 | 3749 |
| 3.95%, 03/26/50 | &nbsp;&nbsp; 145 | 113973 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 219 | 220091 |
| 4.13%, 04/15/47 | &nbsp;&nbsp; 135 | 111921 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 208 | 172828 |
| 4.35%, 04/25/44 | &nbsp;&nbsp; 145 | 126646 |
| 4.95%, 06/15/33 | &nbsp;&nbsp; 1025 | 1056464 |
| 6.25%, 12/01/32 | &nbsp;&nbsp; 80 | 88861 |
| Prudential Financial, Inc. |  |  |
| 2.10%, 03/10/30 | &nbsp;&nbsp; 50 | 46729 |
| 3.00%, 03/10/40 | &nbsp;&nbsp; 5 | 3901 |
| 3.70%, 10/01/50, (5-year CMT + 3.04%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 140185 |
| 3.70%, 03/13/51 | &nbsp;&nbsp; 530 | 387100 |
| 3.88%, 03/27/28 | &nbsp;&nbsp; 54 | 54039 |
| 3.91%, 12/07/47 | &nbsp;&nbsp; 160 | 125122 |
| 3.94%, 12/07/49 | &nbsp;&nbsp; 280 | 216019 |
| 4.35%, 02/25/50 | &nbsp;&nbsp; 235 | 191652 |
| 4.42%, 03/27/48 | &nbsp;&nbsp; 273 | 230062 |
| 4.50%, 09/15/47, (3-mo. SOFR US + 2.64%)<sup>(a)</sup> | &nbsp;&nbsp; 225 | 221952 |
| 4.60%, 05/15/44 | &nbsp;&nbsp; 212 | 188447 |
| 5.13%, 03/01/52, (5-year CMT + 3.16%)<sup>(a)</sup> | &nbsp;&nbsp; 175 | 172296 |
| 5.20%, 03/14/35 | &nbsp;&nbsp; 685 | 702048 |
| 5.70%, 12/14/36 | &nbsp;&nbsp; 215 | 227525 |
| 5.70%, 09/15/48, (3-mo. SOFR US + 2.93%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | 90912 |
| 5.75%, 07/15/33 | &nbsp;&nbsp; 155 | 169529 |
| 6.00%, 09/01/52, (5-year CMT + 3.23%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 129486 |
| 6.50%, 03/15/54, (5-year CMT + 2.40%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | 84329 |
| 6.63%, 12/01/37 | &nbsp;&nbsp; 100 | 115121 |
| 6.63%, 06/21/40 | &nbsp;&nbsp; 177 | 200394 |
| 6.75%, 03/01/53, (5-year CMT + 2.85%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 112536 |
| Prudential Funding Asia PLC |  |  |
| 3.13%, 04/14/30 | &nbsp;&nbsp; 195 | 188232 |
| 3.63%, 03/24/32 | &nbsp;&nbsp; 310 | 300115 |
| Selective Insurance Group, Inc. |  |  |
| 5.38%, 03/01/49 | &nbsp;&nbsp; 100 | 94922 |
| 5.90%, 04/15/35 | &nbsp;&nbsp; 180 | 190543 |
| Stewart Information Services Corp., 3.60%, <br> 11/15/31<br>| &nbsp;&nbsp; 515 | 465615 |
| Travelers Companies, Inc.(The) |  |  |
| 2.55%, 04/27/50 | &nbsp;&nbsp; 110 | 67730 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 3.75%, 05/15/46 | &nbsp;&nbsp; $163 | $129610 |
| 4.00%, 05/30/47 | &nbsp;&nbsp; 192 | 156967 |
| 4.05%, 03/07/48 | &nbsp;&nbsp; 160 | 131090 |
| 4.10%, 03/04/49 | &nbsp;&nbsp; 130 | 107428 |
| 4.30%, 08/25/45 | &nbsp;&nbsp; 200 | 172492 |
| 4.60%, 08/01/43 | &nbsp;&nbsp; 112 | 103324 |
| 5.35%, 11/01/40 | &nbsp;&nbsp; 305 | 310917 |
| 6.25%, 06/15/37 | &nbsp;&nbsp; 372 | 416971 |
| 6.75%, 06/20/36 | &nbsp;&nbsp; 169 | 195256 |
| Travelers Property Casualty Corp., 6.38%, <br> 03/15/33<br>| &nbsp;&nbsp; 215 | 243498 |
| Unum Group |  |  |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 35 | 34754 |
| 4.13%, 06/15/51 | &nbsp;&nbsp; 15 | 11192 |
| 4.50%, 12/15/49 | &nbsp;&nbsp; 80 | 62813 |
| 5.75%, 08/15/42 | &nbsp;&nbsp; 100 | 99246 |
| Willis North America, Inc. |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 55 | 52618 |
| 3.88%, 09/15/49 | &nbsp;&nbsp; 188 | 140153 |
| 4.50%, 09/15/28 | &nbsp;&nbsp; 134 | 134849 |
| 4.55%, 03/15/31 | &nbsp;&nbsp; 175 | 175161 |
| 5.05%, 09/15/48 | &nbsp;&nbsp; 163 | 147329 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 115 | 115259 |
| 5.35%, 05/15/33 | &nbsp;&nbsp; 15 | 15451 |
| 5.90%, 03/05/54 | &nbsp;&nbsp; 240 | 237669 |
| XL Group Ltd., 5.25%, 12/15/43 | &nbsp;&nbsp; 1039 | 999010 |
|  |  | 40795609 |
| **Internet — 0.2%** | **Internet — 0.2%** | **Internet — 0.2%** |
| Alibaba Group Holding Ltd. |  |  |
| 3.15%, 02/09/51 | &nbsp;&nbsp; 15 | 10373 |
| 3.25%, 02/09/61 | &nbsp;&nbsp; 515 | 339776 |
| 4.20%, 12/06/47 | &nbsp;&nbsp; 10 | 8461 |
| 4.40%, 12/06/57 | &nbsp;&nbsp; 5 | 4222 |
| 5.63%, 11/26/54 | &nbsp;&nbsp; 10 | 10276 |
| Alphabet, Inc., 5.70%, 11/15/75 | &nbsp;&nbsp; 400 | 399752 |
| Amazon.com, Inc. |  |  |
| 2.50%, 06/03/50 | &nbsp;&nbsp; 620 | 375345 |
| 2.70%, 06/03/60 | &nbsp;&nbsp; 1039 | 587112 |
| 3.10%, 05/12/51 | &nbsp;&nbsp; 555 | 377057 |
| 3.25%, 05/12/61 | &nbsp;&nbsp; 445 | 286216 |
| 3.95%, 04/13/52 | &nbsp;&nbsp; 250 | 197373 |
| 4.10%, 04/13/62 | &nbsp;&nbsp; 300 | 230846 |
| 4.25%, 08/22/57 | &nbsp;&nbsp; 511 | 412035 |
| Baidu, Inc., 2.38%, 10/09/30 | &nbsp;&nbsp; 200 | 186781 |
| Booking Holdings, Inc., 3.55%, 03/15/28 | &nbsp;&nbsp; 114 | 113254 |
| eBay, Inc. |  |  |
| 3.65%, 05/10/51 | &nbsp;&nbsp; 420 | 312102 |
| 4.00%, 07/15/42 | &nbsp;&nbsp; 232 | 193665 |
| 4.25%, 03/06/29 | &nbsp;&nbsp; 25 | 25174 |
| 5.13%, 11/06/35 | &nbsp;&nbsp; 50 | 50483 |
| JD.com, Inc., 4.13%, 01/14/50 | &nbsp;&nbsp; 200 | 169237 |
| MercadoLibre, Inc., 3.13%, 01/14/31 | &nbsp;&nbsp; 270 | 252403 |
| Meta Platforms, Inc. |  |  |
| 4.65%, 08/15/62 | &nbsp;&nbsp; 200 | 162244 |
| 5.55%, 08/15/64 | &nbsp;&nbsp; 1000 | 941638 |
| 5.63%, 11/15/55 | &nbsp;&nbsp; 500 | 489412 |
| 5.75%, 05/15/63 | &nbsp;&nbsp; 100 | 97197 |
| 5.75%, 11/15/65 | &nbsp;&nbsp; 1000 | 973492 |
| Uber Technologies, Inc. |  |  |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 35 | 34763 |
| 5.35%, 09/15/54 | &nbsp;&nbsp; 70 | 66752 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| VeriSign, Inc., 2.70%, 06/15/31 | &nbsp;&nbsp; $85 | $77431 |
|  |  | 7384872 |
| **Iron & Steel — 0.0%** | **Iron & Steel — 0.0%** | **Iron & Steel — 0.0%** |
| Nucor Corp. |  |  |
| 2.98%, 12/15/55 | &nbsp;&nbsp; 350 | 223128 |
| 4.40%, 05/01/48 | &nbsp;&nbsp; 155 | 133887 |
| 4.65%, 06/01/30 | &nbsp;&nbsp; 125 | 127918 |
| 5.10%, 06/01/35 | &nbsp;&nbsp; 125 | 129126 |
| 5.20%, 08/01/43 | &nbsp;&nbsp; 167 | 164749 |
| 6.40%, 12/01/37 | &nbsp;&nbsp; 15 | 16931 |
| Steel Dynamics, Inc. |  |  |
| 3.25%, 10/15/50 | &nbsp;&nbsp; 65 | 44355 |
| 3.45%, 04/15/30 | &nbsp;&nbsp; 245 | 238286 |
| 4.00%, 12/15/28 | &nbsp;&nbsp; 150 | 150097 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 85 | 87185 |
| 5.38%, 08/15/34 | &nbsp;&nbsp; 25 | 25976 |
| 5.75%, 05/15/55 | &nbsp;&nbsp; 55 | 54775 |
|  |  | 1396413 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| Harley-Davidson, Inc., 4.63%, 07/28/45 | &nbsp;&nbsp; 800 | 640199 |
| **Lodging — 0.0%** | **Lodging — 0.0%** | **Lodging — 0.0%** |
| Choice Hotels International, Inc. |  |  |
| 3.70%, 12/01/29 | &nbsp;&nbsp; 100 | 97774 |
| 3.70%, 01/15/31 | &nbsp;&nbsp; 182 | 175343 |
| 5.85%, 08/01/34 | &nbsp;&nbsp; 190 | 196987 |
| Sands China Ltd. |  |  |
| 2.85%, 03/08/29 | &nbsp;&nbsp; 390 | 372953 |
| 3.25%, 08/08/31 | &nbsp;&nbsp; 330 | 307059 |
| 5.40%, 08/08/28 | &nbsp;&nbsp; 70 | 71465 |
|  |  | 1221581 |
| **Machinery — 0.4%** | **Machinery — 0.4%** | **Machinery — 0.4%** |
| AGCO Corp., 5.80%, 03/21/34 | &nbsp;&nbsp; 430 | 454574 |
| Caterpillar, Inc. |  |  |
| 2.60%, 09/19/29 | &nbsp;&nbsp; 221 | 212467 |
| 3.25%, 09/19/49 | &nbsp;&nbsp; 231 | 167992 |
| 3.25%, 04/09/50 | &nbsp;&nbsp; 217 | 157786 |
| 4.30%, 05/15/44 | &nbsp;&nbsp; 100 | 89362 |
| 4.75%, 05/15/64 | &nbsp;&nbsp; 172 | 153771 |
| 5.20%, 05/15/35 | &nbsp;&nbsp; 75 | 78570 |
| 5.20%, 05/27/41 | &nbsp;&nbsp; 307 | 314616 |
| 5.30%, 09/15/35 | &nbsp;&nbsp; 149 | 159114 |
| 6.05%, 08/15/36 | &nbsp;&nbsp; 156 | 176135 |
| CNH Industrial Capital LLC |  |  |
| 4.38%, 03/07/31 | &nbsp;&nbsp; 75 | 74907 |
| 4.50%, 10/08/27 | &nbsp;&nbsp; 240 | 241635 |
| 4.50%, 10/16/30 | &nbsp;&nbsp; 1170 | 1178804 |
| 4.55%, 04/10/28 | &nbsp;&nbsp; 610 | 615898 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 1150 | 1165425 |
| 5.10%, 04/20/29 | &nbsp;&nbsp; 1490 | 1532259 |
| 5.50%, 01/12/29 | &nbsp;&nbsp; 1395 | 1447313 |
| CNH Industrial NV, 3.85%, 11/15/27 | &nbsp;&nbsp; 1447 | 1443747 |
| Deere & Co. |  |  |
| 3.10%, 04/15/30 | &nbsp;&nbsp; 150 | 145610 |
| 3.75%, 04/15/50 | &nbsp;&nbsp; 205 | 163734 |
| 5.38%, 10/16/29 | &nbsp;&nbsp; 65 | 68510 |
| 5.45%, 01/16/35 | &nbsp;&nbsp; 50 | 53379 |
| 5.70%, 01/19/55 | &nbsp;&nbsp; 280 | 296515 |
| 7.13%, 03/03/31 | &nbsp;&nbsp; 145 | 166143 |
| Dover Corp., 5.38%, 03/01/41 | &nbsp;&nbsp; 30 | 31196 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Flowserve Corp., 3.50%, 10/01/30 | &nbsp;&nbsp; $150 | $144802 |
| IDEX Corp., 2.63%, 06/15/31 | &nbsp;&nbsp; 55 | 50468 |
| John Deere Capital Corp. |  |  |
| 1.75%, 03/09/27 | &nbsp;&nbsp; 10 | 9808 |
| 2.45%, 01/09/30 | &nbsp;&nbsp; 90 | 85841 |
| 2.80%, 09/08/27 | &nbsp;&nbsp; 90 | 88869 |
| 2.80%, 07/18/29 | &nbsp;&nbsp; 120 | 116214 |
| 3.05%, 01/06/28 | &nbsp;&nbsp; 145 | 143494 |
| 3.45%, 03/07/29 | &nbsp;&nbsp; 95 | 94192 |
| 4.35%, 09/15/32 | &nbsp;&nbsp; 160 | 161959 |
| 4.38%, 10/15/30 | &nbsp;&nbsp; 50 | 50865 |
| 5.10%, 04/11/34 | &nbsp;&nbsp; 165 | 172476 |
| 5.15%, 09/08/33 | &nbsp;&nbsp; 335 | 354015 |
| Series 1, 5.05%, 06/12/34 | &nbsp;&nbsp; 675 | 703485 |
| Series I, 4.55%, 06/05/30 | &nbsp;&nbsp; 50 | 51230 |
| nVent Finance SARL, 5.65%, 05/15/33 | &nbsp;&nbsp; 100 | 105521 |
| Oshkosh Corp. |  |  |
| 3.10%, 03/01/30 | &nbsp;&nbsp; 847 | 814049 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 933 | 942189 |
| Otis Worldwide Corp., 3.36%, 02/15/50 | &nbsp;&nbsp; 30 | 21533 |
| Rockwell Automation, Inc. |  |  |
| 2.80%, 08/15/61 | &nbsp;&nbsp; 25 | 14616 |
| 3.50%, 03/01/29 | &nbsp;&nbsp; 359 | 354989 |
| 4.20%, 03/01/49 | &nbsp;&nbsp; 147 | 124662 |
| Xylem, Inc. |  |  |
| 1.95%, 01/30/28 | &nbsp;&nbsp; 1698 | 1639029 |
| 2.25%, 01/30/31 | &nbsp;&nbsp; 1490 | 1362357 |
| 4.38%, 11/01/46 | &nbsp;&nbsp; 55 | 48093 |
|  |  | 18244218 |
| **Manufacturing — 0.2%** | **Manufacturing — 0.2%** | **Manufacturing — 0.2%** |
| 3M Co. |  |  |
| 2.38%, 08/26/29 | &nbsp;&nbsp; 754 | 715812 |
| 2.88%, 10/15/27 | &nbsp;&nbsp; 1510 | 1489504 |
| 3.05%, 04/15/30 | &nbsp;&nbsp; 585 | 563229 |
| 3.38%, 03/01/29 | &nbsp;&nbsp; 264 | 260018 |
| 3.63%, 09/14/28 | &nbsp;&nbsp; 825 | 820986 |
| 3.63%, 10/15/47 | &nbsp;&nbsp; 104 | 79214 |
| 3.70%, 04/15/50 | &nbsp;&nbsp; 10 | 7520 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 125 | 128501 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 1095 | 1130935 |
| 5.70%, 03/15/37 | &nbsp;&nbsp; 220 | 234992 |
| Eaton Corp. |  |  |
| 3.92%, 09/15/47 | &nbsp;&nbsp; 80 | 66521 |
| 4.00%, 11/02/32 | &nbsp;&nbsp; 95 | 94298 |
| 4.15%, 03/15/33 | &nbsp;&nbsp; 70 | 69753 |
| 4.15%, 11/02/42 | &nbsp;&nbsp; 125 | 110678 |
| 4.70%, 08/23/52 | &nbsp;&nbsp; 105 | 95739 |
| Parker-Hannifin Corp. |  |  |
| 3.25%, 03/01/27 | &nbsp;&nbsp; 65 | 64669 |
| 3.25%, 06/14/29 | &nbsp;&nbsp; 290 | 284244 |
| 4.00%, 06/14/49 | &nbsp;&nbsp; 178 | 146255 |
| 4.10%, 03/01/47 | &nbsp;&nbsp; 91 | 77010 |
| 4.20%, 11/21/34 | &nbsp;&nbsp; 150 | 148044 |
| 4.45%, 11/21/44 | &nbsp;&nbsp; 118 | 105830 |
| 6.25%, 05/15/38 | &nbsp;&nbsp; 45 | 50971 |
| Pentair Finance SARL |  |  |
| 4.50%, 07/01/29 | &nbsp;&nbsp; 825 | 832795 |
| 5.90%, 07/15/32 | &nbsp;&nbsp; 1240 | 1329030 |
| Teledyne Technologies, Inc., 2.75%, 04/01/31 | &nbsp;&nbsp; 1510 | 1411225 |
| Textron, Inc. |  |  |
| 3.00%, 06/01/30 | &nbsp;&nbsp; 71 | 67956 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Manufacturing (continued)** | **Manufacturing (continued)** | **Manufacturing (continued)** |
| 3.38%, 03/01/28 | &nbsp;&nbsp; $45 | $44529 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 25 | 24917 |
| 3.90%, 09/17/29 | &nbsp;&nbsp; 117 | 116334 |
|  |  | 10571509 |
| **Media — 0.3%** | **Media — 0.3%** | **Media — 0.3%** |
| Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 500 | 360370 |
| 3.85%, 04/01/61 | &nbsp;&nbsp; 340 | 205415 |
| 3.95%, 06/30/62 | &nbsp;&nbsp; 440 | 268919 |
| 4.40%, 12/01/61 | &nbsp;&nbsp; 1015 | 680121 |
| 5.50%, 04/01/63 | &nbsp;&nbsp; 775 | 616885 |
| 5.75%, 04/01/48 | &nbsp;&nbsp; 5 | 4341 |
| 6.70%, 12/01/55<sup>(b)</sup> | &nbsp;&nbsp; 345 | 336265 |
| 6.83%, 10/23/55 | &nbsp;&nbsp; 505 | 496407 |
| Comcast Corp. |  |  |
| 2.45%, 08/15/52 | &nbsp;&nbsp; 252 | 136987 |
| 2.65%, 08/15/62 | &nbsp;&nbsp; 280 | 145216 |
| 2.80%, 01/15/51 | &nbsp;&nbsp; 183 | 108862 |
| 2.89%, 11/01/51 | &nbsp;&nbsp; 442 | 266854 |
| 2.94%, 11/01/56 | &nbsp;&nbsp; 887 | 516825 |
| 2.99%, 11/01/63 | &nbsp;&nbsp; 864 | 480280 |
| 3.40%, 07/15/46 | &nbsp;&nbsp; 175 | 124889 |
| 3.45%, 02/01/50 | &nbsp;&nbsp; 345 | 236596 |
| 3.75%, 04/01/40 | &nbsp;&nbsp; 250 | 210726 |
| 3.90%, 03/01/38 | &nbsp;&nbsp; 190 | 168798 |
| 3.97%, 11/01/47 | &nbsp;&nbsp; 403 | 309238 |
| 4.00%, 08/15/47 | &nbsp;&nbsp; 224 | 173540 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 353 | 272083 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 411 | 310981 |
| 4.05%, 11/01/52 | &nbsp;&nbsp; 419 | 314713 |
| 4.60%, 10/15/38 | &nbsp;&nbsp; 405 | 382224 |
| 4.60%, 08/15/45 | &nbsp;&nbsp; 176 | 153204 |
| 4.65%, 07/15/42 | &nbsp;&nbsp; 219 | 196553 |
| 4.70%, 10/15/48 | &nbsp;&nbsp; 205 | 175013 |
| 4.75%, 03/01/44 | &nbsp;&nbsp; 334 | 298502 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 50 | 51006 |
| 4.95%, 10/15/58 | &nbsp;&nbsp; 290 | 247870 |
| 5.50%, 05/15/64 | &nbsp;&nbsp; 155 | 142780 |
| 5.65%, 06/15/35 | &nbsp;&nbsp; 93 | 99051 |
| 6.45%, 03/15/37 | &nbsp;&nbsp; 175 | 195662 |
| 6.50%, 11/15/35 | &nbsp;&nbsp; 313 | 352908 |
| 6.55%, 07/01/39 | &nbsp;&nbsp; 75 | 83656 |
| 6.95%, 08/15/37 | &nbsp;&nbsp; 190 | 220106 |
| FactSet Research Systems, Inc., 3.45%, 03/01/32 | &nbsp;&nbsp; 305 | 279422 |
| Fox Corp. |  |  |
| 5.48%, 01/25/39 | &nbsp;&nbsp; 350 | 347925 |
| 5.58%, 01/25/49 | &nbsp;&nbsp; 439 | 415859 |
| NBCUniversal Media LLC |  |  |
| 4.45%, 01/15/43 | &nbsp;&nbsp; 395 | 342311 |
| 6.40%, 04/30/40 | &nbsp;&nbsp; 110 | 121006 |
| Paramount Global |  |  |
| 4.38%, 03/15/43 | &nbsp;&nbsp; 127 | 79657 |
| 4.60%, 01/15/45 | &nbsp;&nbsp; 101 | 63650 |
| 4.85%, 07/01/42 | &nbsp;&nbsp; 30 | 20349 |
| 4.90%, 08/15/44 | &nbsp;&nbsp; 147 | 94429 |
| 4.95%, 01/15/31 | &nbsp;&nbsp; 140 | 130944 |
| 4.95%, 05/19/50 | &nbsp;&nbsp; 245 | 154756 |
| 5.25%, 04/01/44 | &nbsp;&nbsp; 128 | 86940 |
| 5.50%, 05/15/33 | &nbsp;&nbsp; 62 | 55866 |
| 5.85%, 09/01/43 | &nbsp;&nbsp; 195 | 144418 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 5.90%, 10/15/40 | &nbsp;&nbsp; $77 | $62985 |
| 6.88%, 04/30/36 | &nbsp;&nbsp; 227 | 206202 |
| TWDC Enterprises 18 Corp. |  |  |
| 3.00%, 07/30/46 | &nbsp;&nbsp; 265 | 187900 |
| 3.70%, 12/01/42 | &nbsp;&nbsp; 100 | 82358 |
| 4.38%, 08/16/41 | &nbsp;&nbsp; 170 | 155260 |
| Series E, 4.13%, 12/01/41 | &nbsp;&nbsp; 140 | 124195 |
| Walt Disney Co.(The) |  |  |
| 3.60%, 01/13/51 | &nbsp;&nbsp; 680 | 510974 |
| 3.80%, 05/13/60 | &nbsp;&nbsp; 705 | 520605 |
| 4.70%, 03/23/50 | &nbsp;&nbsp; 286 | 257621 |
| 6.15%, 03/01/37 | &nbsp;&nbsp; 105 | 117635 |
| 6.15%, 02/15/41 | &nbsp;&nbsp; 49 | 53907 |
| 7.75%, 12/01/45 | &nbsp;&nbsp; 45 | 57741 |
|  |  | 14018761 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Valmont Industries, Inc. |  |  |
| 5.00%, 10/01/44 | &nbsp;&nbsp; 194 | 180467 |
| 5.25%, 10/01/54 | &nbsp;&nbsp; 120 | 115557 |
|  |  | 296024 |
| **Mining — 0.1%** | **Mining — 0.1%** | **Mining — 0.1%** |
| AngloGold Ashanti Holdings PLC |  |  |
| 3.38%, 11/01/28 | &nbsp;&nbsp; 335 | 326020 |
| 3.75%, 10/01/30 | &nbsp;&nbsp; 530 | 512298 |
| BHP Billiton Finance USA Ltd., 5.50%, 09/08/53 | &nbsp;&nbsp; 5 | 5039 |
| Newmont Corp. |  |  |
| 2.60%, 07/15/32 | &nbsp;&nbsp; 40 | 36711 |
| 4.88%, 03/15/42 | &nbsp;&nbsp; 237 | 230180 |
| 5.45%, 06/09/44 | &nbsp;&nbsp; 240 | 243354 |
| Rio Tinto Finance USA Ltd. |  |  |
| 2.75%, 11/02/51 | &nbsp;&nbsp; 30 | 18966 |
| 5.20%, 11/02/40 | &nbsp;&nbsp; 320 | 324009 |
| Rio Tinto Finance USA PLC |  |  |
| 4.75%, 03/22/42 | &nbsp;&nbsp; 135 | 128126 |
| 5.00%, 03/09/33 | &nbsp;&nbsp; 115 | 119312 |
| 5.13%, 03/09/53 | &nbsp;&nbsp; 230 | 218104 |
| 5.75%, 03/14/55 | &nbsp;&nbsp; 25 | 25964 |
| Southern Copper Corp., 5.25%, 11/08/42 | &nbsp;&nbsp; 5 | 4886 |
| Yamana Gold, Inc., 2.63%, 08/15/31 | &nbsp;&nbsp; 80 | 73173 |
|  |  | 2266142 |
| **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** |
| CDW LLC/CDW Finance Corp. |  |  |
| 3.25%, 02/15/29 | &nbsp;&nbsp; 570 | 550519 |
| 3.57%, 12/01/31 | &nbsp;&nbsp; 90 | 84098 |
| 4.25%, 04/01/28 | &nbsp;&nbsp; 370 | 368539 |
|  |  | 1003156 |
| **Oil & Gas — 0.7%** | **Oil & Gas — 0.7%** | **Oil & Gas — 0.7%** |
| APA Corp., 6.75%, 02/15/55 | &nbsp;&nbsp; 5 | 5085 |
| BP Capital Markets America, Inc. |  |  |
| 2.77%, 11/10/50 | &nbsp;&nbsp; 382 | 242590 |
| 2.94%, 06/04/51 | &nbsp;&nbsp; 375 | 245278 |
| 3.00%, 02/24/50 | &nbsp;&nbsp; 405 | 270842 |
| 3.00%, 03/17/52 | &nbsp;&nbsp; 250 | 164336 |
| 3.38%, 02/08/61 | &nbsp;&nbsp; 690 | 461921 |
| Burlington Resources LLC |  |  |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 145 | 158753 |
| 7.20%, 08/15/31 | &nbsp;&nbsp; 172 | 197235 |
| ConocoPhillips |  |  |
| 5.90%, 05/15/38 | &nbsp;&nbsp; 420 | 455005 |
| 6.50%, 02/01/39 | &nbsp;&nbsp; 290 | 331104 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| ConocoPhillips Co. |  |  |
| 4.03%, 03/15/62 | &nbsp;&nbsp; $435 | $323061 |
| 4.30%, 11/15/44 | &nbsp;&nbsp; 214 | 185616 |
| 4.85%, 01/15/32 | &nbsp;&nbsp; 170 | 176291 |
| 5.05%, 09/15/33 | &nbsp;&nbsp; 80 | 83235 |
| 5.30%, 05/15/53 | &nbsp;&nbsp; 10 | 9488 |
| 5.50%, 01/15/55 | &nbsp;&nbsp; 245 | 240349 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 185 | 182230 |
| 5.65%, 01/15/65 | &nbsp;&nbsp; 250 | 245225 |
| 5.70%, 09/15/63 | &nbsp;&nbsp; 135 | 134332 |
| 5.90%, 10/15/32 | &nbsp;&nbsp; 237 | 260297 |
| 5.95%, 03/15/46 | &nbsp;&nbsp; 100 | 105526 |
| 6.95%, 04/15/29 | &nbsp;&nbsp; 235 | 256241 |
| Devon Energy Corp. |  |  |
| 4.75%, 05/15/42 | &nbsp;&nbsp; 129 | 116858 |
| 5.00%, 06/15/45 | &nbsp;&nbsp; 152 | 138216 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 260 | 260502 |
| 5.75%, 09/15/54 | &nbsp;&nbsp; 10 | 9731 |
| 7.88%, 09/30/31 | &nbsp;&nbsp; 45 | 52636 |
| 7.95%, 04/15/32 | &nbsp;&nbsp; 20 | 23556 |
| Diamondback Energy, Inc. |  |  |
| 3.50%, 12/01/29 | &nbsp;&nbsp; 393 | 384570 |
| 4.25%, 03/15/52 | &nbsp;&nbsp; 85 | 68112 |
| 4.40%, 03/24/51<sup>(b)</sup> | &nbsp;&nbsp; 118 | 97515 |
| 5.40%, 04/18/34 | &nbsp;&nbsp; 200 | 207988 |
| 5.55%, 04/01/35 | &nbsp;&nbsp; 70 | 73250 |
| 5.75%, 04/18/54 | &nbsp;&nbsp; 55 | 53654 |
| 5.90%, 04/18/64 | &nbsp;&nbsp; 315 | 308607 |
| 6.25%, 03/15/53 | &nbsp;&nbsp; 125 | 130022 |
| Eni USA, Inc., 7.30%, 11/15/27 | &nbsp;&nbsp; 310 | 327105 |
| EOG Resources, Inc. |  |  |
| 3.90%, 04/01/35 | &nbsp;&nbsp; 130 | 122711 |
| 4.38%, 04/15/30 | &nbsp;&nbsp; 60 | 60834 |
| 4.95%, 04/15/50 | &nbsp;&nbsp; 222 | 201736 |
| EQT Corp. |  |  |
| 3.90%, 10/01/27 | &nbsp;&nbsp; 115 | 114770 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 155 | 157979 |
| 5.75%, 02/01/34 | &nbsp;&nbsp; 285 | 301930 |
| 7.00%, 02/01/30 | &nbsp;&nbsp; 345 | 377540 |
| Equinor ASA |  |  |
| 2.38%, 05/22/30 | &nbsp;&nbsp; 305 | 286497 |
| 3.00%, 04/06/27 | &nbsp;&nbsp; 255 | 253379 |
| 3.13%, 04/06/30 | &nbsp;&nbsp; 380 | 368486 |
| 3.25%, 11/18/49 | &nbsp;&nbsp; 165 | 117914 |
| 3.63%, 09/10/28 | &nbsp;&nbsp; 594 | 593882 |
| 3.70%, 04/06/50 | &nbsp;&nbsp; 405 | 313015 |
| 3.95%, 05/15/43 | &nbsp;&nbsp; 112 | 95297 |
| 4.25%, 06/02/28 | &nbsp;&nbsp; 85 | 85889 |
| 4.25%, 11/23/41 | &nbsp;&nbsp; 192 | 172468 |
| 4.50%, 09/03/30 | &nbsp;&nbsp; 25 | 25538 |
| 4.75%, 11/14/35 | &nbsp;&nbsp; 25 | 25147 |
| 4.80%, 11/08/43 | &nbsp;&nbsp; 150 | 142154 |
| 5.10%, 08/17/40 | &nbsp;&nbsp; 300 | 301171 |
| 5.13%, 06/03/35 | &nbsp;&nbsp; 475 | 493306 |
| 7.25%, 09/23/27 | &nbsp;&nbsp; 225 | 237058 |
| Hess Corp. |  |  |
| 4.30%, 04/01/27 | &nbsp;&nbsp; 745 | 747795 |
| 5.60%, 02/15/41 | &nbsp;&nbsp; 229 | 240701 |
| 6.00%, 01/15/40 | &nbsp;&nbsp; 75 | 82005 |
| 7.13%, 03/15/33 | &nbsp;&nbsp; 455 | 531604 |
| 7.30%, 08/15/31 | &nbsp;&nbsp; 453 | 523147 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 7.88%, 10/01/29 | &nbsp;&nbsp; $200 | $226740 |
| Marathon Petroleum Corp. |  |  |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 5 | 4986 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 11 | 9712 |
| 5.00%, 09/15/54<sup>(b)</sup> | &nbsp;&nbsp; 131 | 113134 |
| 6.50%, 03/01/41 | &nbsp;&nbsp; 203 | 221874 |
| Occidental Petroleum Corp. |  |  |
| 4.40%, 04/15/46 | &nbsp;&nbsp; 240 | 196446 |
| 6.05%, 10/01/54 | &nbsp;&nbsp; 100 | 99613 |
| 6.20%, 03/15/40 | &nbsp;&nbsp; 160 | 167095 |
| 6.45%, 09/15/36 | &nbsp;&nbsp; 335 | 365192 |
| 6.60%, 03/15/46 | &nbsp;&nbsp; 225 | 239189 |
| 6.63%, 09/01/30 | &nbsp;&nbsp; 45 | 48725 |
| 7.50%, 05/01/31 | &nbsp;&nbsp; 155 | 176609 |
| 7.88%, 09/15/31 | &nbsp;&nbsp; 120 | 139654 |
| 7.95%, 06/15/39 | &nbsp;&nbsp; 90 | 108664 |
| Ovintiv, Inc. |  |  |
| 5.65%, 05/15/28 | &nbsp;&nbsp; 200 | 207181 |
| 6.25%, 07/15/33 | &nbsp;&nbsp; 270 | 291223 |
| 6.50%, 08/15/34 | &nbsp;&nbsp; 295 | 323361 |
| 6.50%, 02/01/38 | &nbsp;&nbsp; 187 | 202187 |
| 6.63%, 08/15/37 | &nbsp;&nbsp; 140 | 153286 |
| 7.20%, 11/01/31 | &nbsp;&nbsp; 375 | 420204 |
| 7.38%, 11/01/31 | &nbsp;&nbsp; 772 | 871467 |
| 8.13%, 09/15/30 | &nbsp;&nbsp; 170 | 195649 |
| Phillips 66 |  |  |
| 3.30%, 03/15/52 | &nbsp;&nbsp; 150 | 100680 |
| 4.65%, 11/15/34 | &nbsp;&nbsp; 204 | 202426 |
| 4.88%, 11/15/44 | &nbsp;&nbsp; 445 | 401400 |
| 5.88%, 05/01/42 | &nbsp;&nbsp; 137 | 140895 |
| Phillips 66 Co. |  |  |
| 4.95%, 03/15/35 | &nbsp;&nbsp; 135 | 136608 |
| 5.30%, 06/30/33 | &nbsp;&nbsp; 360 | 374069 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 160 | 151576 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 150 | 144619 |
| Shell Finance U.S., Inc. |  |  |
| 3.00%, 11/26/51<sup>(e)</sup> | &nbsp;&nbsp; 575 | 380375 |
| 3.25%, 04/06/50 | &nbsp;&nbsp; 105 | 74003 |
| 6.38%, 12/15/38<sup>(e)</sup> | &nbsp;&nbsp; 450 | 510317 |
| Shell International Finance BV, 4.13%, 05/11/35 | &nbsp;&nbsp; 5 | 5027 |
| TotalEnergies Capital International SA |  |  |
| 2.83%, 01/10/30 | &nbsp;&nbsp; 135 | 130461 |
| 2.99%, 06/29/41 | &nbsp;&nbsp; 65 | 50155 |
| 3.13%, 05/29/50 | &nbsp;&nbsp; 528 | 362185 |
| 3.39%, 06/29/60 | &nbsp;&nbsp; 535 | 355613 |
| 3.46%, 02/19/29 | &nbsp;&nbsp; 20 | 19833 |
| 3.46%, 07/12/49 | &nbsp;&nbsp; 295 | 217209 |
| TotalEnergies Capital SA |  |  |
| 3.88%, 10/11/28 | &nbsp;&nbsp; 15 | 15077 |
| 5.15%, 04/05/34 | &nbsp;&nbsp; 150 | 157137 |
| 5.43%, 09/10/64 | &nbsp;&nbsp; 155 | 147662 |
| 5.49%, 04/05/54 | &nbsp;&nbsp; 305 | 301817 |
| 5.64%, 04/05/64 | &nbsp;&nbsp; 370 | 365784 |
| Valero Energy Corp. |  |  |
| 3.65%, 12/01/51 | &nbsp;&nbsp; 415 | 295651 |
| 4.00%, 04/01/29 | &nbsp;&nbsp; 75 | 75020 |
| 4.90%, 03/15/45 | &nbsp;&nbsp; 101 | 92702 |
| 6.63%, 06/15/37 | &nbsp;&nbsp; 440 | 493984 |
| 7.50%, 04/15/32 | &nbsp;&nbsp; 261 | 303037 |
| Woodside Finance Ltd. |  |  |
| 5.10%, 09/12/34 | &nbsp;&nbsp; 1305 | 1309995 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 5.70%, 05/19/32 | &nbsp;&nbsp; $275 | $290915 |
| 5.70%, 09/12/54 | &nbsp;&nbsp; 170 | 163897 |
| 6.00%, 05/19/35 | &nbsp;&nbsp; 4120 | 4362618 |
|  |  | 30875253 |
| **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** |
| Baker Hughes Holdings LLC, 5.13%, 09/15/40 | &nbsp;&nbsp; 436 | 433624 |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc.<br>|  |  |
| 3.14%, 11/07/29 | &nbsp;&nbsp; 532 | 518418 |
| 3.34%, 12/15/27 | &nbsp;&nbsp; 2366 | 2346574 |
| Halliburton Co. |  |  |
| 2.92%, 03/01/30 | &nbsp;&nbsp; 188 | 180113 |
| 4.50%, 11/15/41 | &nbsp;&nbsp; 85 | 77388 |
| 4.75%, 08/01/43 | &nbsp;&nbsp; 200 | 181594 |
| 4.85%, 11/15/35 | &nbsp;&nbsp; 200 | 199948 |
| 6.70%, 09/15/38 | &nbsp;&nbsp; 218 | 248625 |
| 7.45%, 09/15/39 | &nbsp;&nbsp; 230 | 277844 |
| NOV, Inc. |  |  |
| 3.60%, 12/01/29 | &nbsp;&nbsp; 531 | 520644 |
| 3.95%, 12/01/42 | &nbsp;&nbsp; 155 | 125255 |
| Schlumberger Investment SA, 2.65%, 06/26/30 | &nbsp;&nbsp; 365 | 347758 |
|  |  | 5457785 |
| **Packaging & Containers — 0.0%** | **Packaging & Containers — 0.0%** | **Packaging & Containers — 0.0%** |
| Amcor Finance USA, Inc. |  |  |
| 4.50%, 05/15/28 | &nbsp;&nbsp; 351 | 354388 |
| 5.63%, 05/26/33 | &nbsp;&nbsp; 245 | 259914 |
| Amcor Flexibles North America, Inc. |  |  |
| 2.63%, 06/19/30 | &nbsp;&nbsp; 195 | 183295 |
| 2.69%, 05/25/31 | &nbsp;&nbsp; 40 | 36955 |
| Berry Global, Inc., 5.65%, 01/15/34 | &nbsp;&nbsp; 335 | 353936 |
| Smurfit Kappa Treasury ULC, 5.44%, 04/03/34 | &nbsp;&nbsp; 400 | 416950 |
| Sonoco Products Co., 5.75%, 11/01/40 | &nbsp;&nbsp; 55 | 57029 |
| WestRock MWV LLC, 8.20%, 01/15/30 | &nbsp;&nbsp; 5 | 5724 |
| WRKCo, Inc. |  |  |
| 3.00%, 06/15/33 | &nbsp;&nbsp; 185 | 166946 |
| 4.20%, 06/01/32 | &nbsp;&nbsp; 40 | 39262 |
|  |  | 1874399 |
| **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** |
| AbbVie, Inc. |  |  |
| 3.78%, 03/03/28 | &nbsp;&nbsp; 320 | 320441 |
| 4.05%, 11/21/39 | &nbsp;&nbsp; 713 | 645049 |
| 4.13%, 03/15/31 | &nbsp;&nbsp; 240 | 240739 |
| 4.25%, 11/14/28 | &nbsp;&nbsp; 210 | 212517 |
| 4.25%, 11/21/49 | &nbsp;&nbsp; 934 | 785505 |
| 4.30%, 05/14/36 | &nbsp;&nbsp; 638 | 618354 |
| 4.40%, 03/15/33 | &nbsp;&nbsp; 425 | 426843 |
| 4.40%, 11/06/42 | &nbsp;&nbsp; 482 | 436776 |
| 4.45%, 05/14/46 | &nbsp;&nbsp; 335 | 296885 |
| 4.50%, 05/14/35 | &nbsp;&nbsp; 705 | 698605 |
| 4.63%, 10/01/42 | &nbsp;&nbsp; 242 | 226068 |
| 4.65%, 03/15/28 | &nbsp;&nbsp; 100 | 101713 |
| 4.70%, 05/14/45 | &nbsp;&nbsp; 363 | 332706 |
| 4.75%, 03/15/36 | &nbsp;&nbsp; 270 | 271486 |
| 4.88%, 03/15/30 | &nbsp;&nbsp; 110 | 113743 |
| 4.88%, 11/14/48 | &nbsp;&nbsp; 428 | 394992 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 95 | 98957 |
| 5.40%, 03/15/54 | &nbsp;&nbsp; 405 | 397679 |
| 5.50%, 03/15/64 | &nbsp;&nbsp; 350 | 344505 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 125 | 125730 |
| 5.60%, 03/15/55 | &nbsp;&nbsp; 315 | 318437 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 5.65%, 03/15/66 | &nbsp;&nbsp; $360 | $361279 |
| Astrazeneca Finance LLC |  |  |
| 4.88%, 03/03/28 | &nbsp;&nbsp; 55 | 56212 |
| 4.88%, 03/03/33 | &nbsp;&nbsp; 220 | 228649 |
| 4.90%, 03/03/30 | &nbsp;&nbsp; 105 | 108721 |
| 5.00%, 02/26/34 | &nbsp;&nbsp; 130 | 135247 |
| AstraZeneca PLC |  |  |
| 4.00%, 01/17/29 | &nbsp;&nbsp; 159 | 160068 |
| 4.00%, 09/18/42 | &nbsp;&nbsp; 329 | 286764 |
| 4.38%, 11/16/45 | &nbsp;&nbsp; 110 | 98168 |
| 4.38%, 08/17/48 | &nbsp;&nbsp; 99 | 87548 |
| 6.45%, 09/15/37 | &nbsp;&nbsp; 805 | 922159 |
| Bristol-Myers Squibb Co. |  |  |
| 2.55%, 11/13/50 | &nbsp;&nbsp; 150 | 90472 |
| 3.25%, 08/01/42 | &nbsp;&nbsp; 208 | 163199 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 345 | 257385 |
| 3.90%, 03/15/62 | &nbsp;&nbsp; 475 | 349046 |
| 4.25%, 10/26/49 | &nbsp;&nbsp; 558 | 464022 |
| 4.35%, 11/15/47 | &nbsp;&nbsp; 418 | 357935 |
| 4.50%, 03/01/44 | &nbsp;&nbsp; 120 | 108212 |
| 4.55%, 02/20/48 | &nbsp;&nbsp; 295 | 258265 |
| 5.00%, 08/15/45 | &nbsp;&nbsp; 305 | 290666 |
| 5.55%, 02/22/54 | &nbsp;&nbsp; 745 | 738944 |
| 6.25%, 11/15/53 | &nbsp;&nbsp; 5 | 5518 |
| 6.40%, 11/15/63 | &nbsp;&nbsp; 10 | 11113 |
| Cardinal Health, Inc. |  |  |
| 3.41%, 06/15/27 | &nbsp;&nbsp; 160 | 158991 |
| 4.37%, 06/15/47 | &nbsp;&nbsp; 202 | 170518 |
| 4.50%, 09/15/30 | &nbsp;&nbsp; 100 | 101390 |
| 4.50%, 11/15/44 | &nbsp;&nbsp; 71 | 61931 |
| 4.60%, 03/15/43 | &nbsp;&nbsp; 80 | 71851 |
| 4.90%, 09/15/45 | &nbsp;&nbsp; 80 | 73267 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 130 | 133956 |
| 5.13%, 02/15/29 | &nbsp;&nbsp; 145 | 149550 |
| 5.15%, 09/15/35 | &nbsp;&nbsp; 280 | 286507 |
| 5.35%, 11/15/34 | &nbsp;&nbsp; 800 | 831435 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 235 | 247161 |
| 5.75%, 11/15/54 | &nbsp;&nbsp; 70 | 70559 |
| Cencora, Inc. |  |  |
| 3.45%, 12/15/27 | &nbsp;&nbsp; 445 | 441658 |
| 3.95%, 02/13/29 | &nbsp;&nbsp; 150 | 150078 |
| 4.25%, 11/15/30 | &nbsp;&nbsp; 55 | 55207 |
| 4.25%, 03/01/45 | &nbsp;&nbsp; 262 | 226242 |
| 4.30%, 12/15/47 | &nbsp;&nbsp; 314 | 270290 |
| 4.60%, 02/13/33 | &nbsp;&nbsp; 85 | 85604 |
| 4.85%, 12/15/29 | &nbsp;&nbsp; 75 | 77165 |
| 4.90%, 02/13/36 | &nbsp;&nbsp; 200 | 201369 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 460 | 476770 |
| 5.15%, 02/15/35 | &nbsp;&nbsp; 35 | 36169 |
| 5.65%, 02/13/56 | &nbsp;&nbsp; 115 | 115515 |
| CVS Health Corp. |  |  |
| 4.13%, 04/01/40 | &nbsp;&nbsp; 110 | 95527 |
| 4.25%, 04/01/50 | &nbsp;&nbsp; 378 | 298806 |
| 4.78%, 03/25/38 | &nbsp;&nbsp; 1187 | 1132759 |
| 4.88%, 07/20/35 | &nbsp;&nbsp; 310 | 307647 |
| 5.05%, 03/25/48 | &nbsp;&nbsp; 981 | 874444 |
| 5.13%, 07/20/45 | &nbsp;&nbsp; 525 | 479947 |
| 5.30%, 12/05/43 | &nbsp;&nbsp; 300 | 282768 |
| 5.63%, 02/21/53 | &nbsp;&nbsp; 430 | 409211 |
| 5.88%, 06/01/53 | &nbsp;&nbsp; 115 | 112593 |
| 6.00%, 06/01/63 | &nbsp;&nbsp; 335 | 327342 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 6.13%, 09/15/39 | &nbsp;&nbsp; $225 | $238465 |
| Eli Lilly & Co. |  |  |
| 2.50%, 09/15/60 | &nbsp;&nbsp; 580 | 319737 |
| 3.10%, 05/15/27 | &nbsp;&nbsp; 200 | 198796 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 10 | 9900 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 165 | 134028 |
| 3.95%, 03/15/49 | &nbsp;&nbsp; 210 | 171370 |
| 4.15%, 03/15/59 | &nbsp;&nbsp; 455 | 366100 |
| 4.70%, 02/27/33 | &nbsp;&nbsp; 105 | 108023 |
| 4.88%, 02/27/53 | &nbsp;&nbsp; 120 | 110462 |
| 4.95%, 02/27/63 | &nbsp;&nbsp; 140 | 127163 |
| 5.00%, 02/09/54 | &nbsp;&nbsp; 70 | 65794 |
| 5.05%, 08/14/54 | &nbsp;&nbsp; 175 | 165045 |
| 5.10%, 02/09/64 | &nbsp;&nbsp; 245 | 227510 |
| 5.20%, 08/14/64 | &nbsp;&nbsp; 180 | 169624 |
| 5.50%, 03/15/27 | &nbsp;&nbsp; 85 | 86645 |
| 5.50%, 02/12/55 | &nbsp;&nbsp; 95 | 95700 |
| 5.55%, 03/15/37 | &nbsp;&nbsp; 220 | 238630 |
| 5.60%, 02/12/65 | &nbsp;&nbsp; 75 | 75669 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 3.88%, 05/15/28 | &nbsp;&nbsp; 624 | 626777 |
| 4.20%, 03/18/43 | &nbsp;&nbsp; 120 | 107585 |
| 4.88%, 04/15/35 | &nbsp;&nbsp; 120 | 122393 |
| 6.38%, 05/15/38 | &nbsp;&nbsp; 456 | 520105 |
| McKesson Corp. |  |  |
| 4.25%, 09/15/29 | &nbsp;&nbsp; 75 | 75764 |
| 4.65%, 05/30/30 | &nbsp;&nbsp; 50 | 51168 |
| 4.95%, 05/30/32 | &nbsp;&nbsp; 50 | 51980 |
| 5.10%, 07/15/33 | &nbsp;&nbsp; 500 | 522021 |
| 5.25%, 05/30/35 | &nbsp;&nbsp; 50 | 52453 |
| Mead Johnson Nutrition Co., 4.60%, 06/01/44 | &nbsp;&nbsp; 182 | 165672 |
| Merck & Co., Inc. |  |  |
| 2.45%, 06/24/50<sup>(b)</sup> | &nbsp;&nbsp; 115 | 68957 |
| 2.75%, 12/10/51 | &nbsp;&nbsp; 495 | 310786 |
| 2.90%, 12/10/61 | &nbsp;&nbsp; 690 | 408663 |
| 3.40%, 03/07/29 | &nbsp;&nbsp; 35 | 34669 |
| 3.60%, 09/15/42 | &nbsp;&nbsp; 115 | 94864 |
| 3.70%, 02/10/45 | &nbsp;&nbsp; 410 | 330872 |
| 3.90%, 03/07/39 | &nbsp;&nbsp; 145 | 131784 |
| 4.00%, 03/07/49 | &nbsp;&nbsp; 451 | 366428 |
| 4.15%, 05/18/43 | &nbsp;&nbsp; 385 | 337876 |
| 4.50%, 05/17/33 | &nbsp;&nbsp; 315 | 320531 |
| 5.00%, 05/17/53 | &nbsp;&nbsp; 55 | 51127 |
| 5.15%, 05/17/63 | &nbsp;&nbsp; 285 | 264826 |
| 6.50%, 12/01/33 | &nbsp;&nbsp; 30 | 34185 |
| 6.55%, 09/15/37 | &nbsp;&nbsp; 25 | 28879 |
| Merck Sharp & Dohme Corp. |  |  |
| 5.75%, 11/15/36 | &nbsp;&nbsp; 162 | 178371 |
| 5.95%, 12/01/28 | &nbsp;&nbsp; 350 | 370098 |
| Novartis Capital Corp. |  |  |
| 2.75%, 08/14/50 | &nbsp;&nbsp; 410 | 268545 |
| 3.70%, 09/21/42 | &nbsp;&nbsp; 75 | 63176 |
| 3.80%, 09/18/29 | &nbsp;&nbsp; 185 | 185124 |
| 3.90%, 11/05/28 | &nbsp;&nbsp; 175 | 175770 |
| 4.00%, 09/18/31 | &nbsp;&nbsp; 175 | 175556 |
| 4.00%, 11/20/45 | &nbsp;&nbsp; 130 | 110961 |
| 4.10%, 11/05/30 | &nbsp;&nbsp; 175 | 176078 |
| 4.20%, 09/18/34 | &nbsp;&nbsp; 1405 | 1393471 |
| 4.30%, 11/05/32 | &nbsp;&nbsp; 175 | 176372 |
| 4.60%, 11/05/35 | &nbsp;&nbsp; 1265 | 1271487 |
| 4.70%, 09/18/54 | &nbsp;&nbsp; 545 | 492568 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 5.20%, 11/05/45 | &nbsp;&nbsp; $90 | $89091 |
| 5.30%, 11/05/55 | &nbsp;&nbsp; 90 | 89089 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 5.30%, 05/19/53 | &nbsp;&nbsp; 665 | 637057 |
| 5.34%, 05/19/63 | &nbsp;&nbsp; 960 | 900334 |
| Pfizer, Inc. |  |  |
| 2.70%, 05/28/50 | &nbsp;&nbsp; 245 | 156845 |
| 4.00%, 12/15/36 | &nbsp;&nbsp; 55 | 52135 |
| 4.00%, 03/15/49 | &nbsp;&nbsp; 235 | 190524 |
| 4.10%, 09/15/38 | &nbsp;&nbsp; 160 | 148653 |
| 4.13%, 12/15/46 | &nbsp;&nbsp; 135 | 113238 |
| 4.20%, 09/15/48 | &nbsp;&nbsp; 325 | 273535 |
| 7.20%, 03/15/39 | &nbsp;&nbsp; 195 | 235437 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| 3.18%, 07/09/50 | &nbsp;&nbsp; 450 | 308767 |
| 3.38%, 07/09/60 | &nbsp;&nbsp; 280 | 183901 |
| 5.00%, 11/26/28 | &nbsp;&nbsp; 200 | 204722 |
| 5.65%, 07/05/54 | &nbsp;&nbsp; 5 | 4995 |
| 5.80%, 07/05/64 | &nbsp;&nbsp; 265 | 266895 |
| Zoetis, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 685 | 632257 |
| 3.00%, 09/12/27 | &nbsp;&nbsp; 2335 | 2308530 |
| 3.00%, 05/15/50 | &nbsp;&nbsp; 1095 | 741559 |
| 3.90%, 08/20/28 | &nbsp;&nbsp; 521 | 521522 |
| 3.95%, 09/12/47 | &nbsp;&nbsp; 390 | 321052 |
| 4.15%, 08/17/28 | &nbsp;&nbsp; 150 | 151132 |
| 4.45%, 08/20/48 | &nbsp;&nbsp; 1130 | 989680 |
| 4.70%, 02/01/43 | &nbsp;&nbsp; 4930 | 4579702 |
| 5.00%, 08/17/35 | &nbsp;&nbsp; 150 | 152940 |
| 5.60%, 11/16/32 | &nbsp;&nbsp; 985 | 1054782 |
|  |  | 50096526 |
| **Pipelines — 1.4%** | **Pipelines — 1.4%** | **Pipelines — 1.4%** |
| Cheniere Corpus Christi Holdings LLC |  |  |
| 2.74%, 12/31/39 | &nbsp;&nbsp; 9155 | 7971909 |
| 3.70%, 11/15/29 | &nbsp;&nbsp; 1522 | 1500386 |
| 5.13%, 06/30/27 | &nbsp;&nbsp; 507 | 511847 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/32 | &nbsp;&nbsp; 260 | 242481 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 310 | 304018 |
| 5.55%, 10/30/35 | &nbsp;&nbsp; 25 | 26000 |
| 5.95%, 06/30/33 | &nbsp;&nbsp; 176 | 188689 |
| Cheniere Energy, Inc. |  |  |
| 4.63%, 10/15/28 | &nbsp;&nbsp; 9810 | 9806093 |
| 5.65%, 04/15/34 | &nbsp;&nbsp; 4460 | 4689874 |
| Columbia Pipeline Group, Inc., 5.80%, 06/01/45 | &nbsp;&nbsp; 115 | 116893 |
| Enbridge Energy Partners LP |  |  |
| 7.38%, 10/15/45 | &nbsp;&nbsp; 85 | 100537 |
| Series B, 7.50%, 04/15/38 | &nbsp;&nbsp; 285 | 341279 |
| Enbridge, Inc. |  |  |
| 2.50%, 08/01/33 | &nbsp;&nbsp; 810 | 706697 |
| 3.13%, 11/15/29 | &nbsp;&nbsp; 15 | 14503 |
| 3.40%, 08/01/51 | &nbsp;&nbsp; 220 | 153739 |
| 3.70%, 07/15/27 | &nbsp;&nbsp; 104 | 103714 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 195 | 152818 |
| 4.20%, 11/20/28 | &nbsp;&nbsp; 150 | 150849 |
| 4.50%, 02/15/31 | &nbsp;&nbsp; 150 | 151462 |
| 4.50%, 06/10/44 | &nbsp;&nbsp; 135 | 117444 |
| 4.60%, 06/20/28 | &nbsp;&nbsp; 75 | 76033 |
| 4.90%, 06/20/30 | &nbsp;&nbsp; 125 | 128625 |
| 5.20%, 11/20/35 | &nbsp;&nbsp; 150 | 152961 |
| 5.30%, 04/05/29 | &nbsp;&nbsp; 55 | 56987 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.50%, 12/01/46 | &nbsp;&nbsp; $120 | $118750 |
| 5.55%, 06/20/35 | &nbsp;&nbsp; 190 | 199093 |
| 5.63%, 04/05/34 | &nbsp;&nbsp; 195 | 206224 |
| 5.70%, 03/08/33 | &nbsp;&nbsp; 445 | 472877 |
| 6.00%, 11/15/28 | &nbsp;&nbsp; 130 | 136868 |
| 6.70%, 11/15/53 | &nbsp;&nbsp; 120 | 134887 |
| 7.20%, 06/27/54, (5-year CMT + 2.97%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 16163 |
| 7.38%, 03/15/55, (5-year CMT + 3.12%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 58689 |
| Energy Transfer LP |  |  |
| 5.95%, 05/15/54 | &nbsp;&nbsp; 5 | 4824 |
| 6.05%, 09/01/54 | &nbsp;&nbsp; 10 | 9792 |
| Enterprise Products Operating LLC |  |  |
| 2.80%, 01/31/30 | &nbsp;&nbsp; 30 | 28745 |
| 3.13%, 07/31/29 | &nbsp;&nbsp; 150 | 146399 |
| 3.70%, 01/31/51 | &nbsp;&nbsp; 10 | 7489 |
| 3.95%, 01/31/60 | &nbsp;&nbsp; 186 | 138444 |
| 4.20%, 01/31/50 | &nbsp;&nbsp; 136 | 111642 |
| 4.25%, 02/15/48 | &nbsp;&nbsp; 15 | 12507 |
| 4.45%, 02/15/43 | &nbsp;&nbsp; 123 | 110152 |
| 4.80%, 02/01/49 | &nbsp;&nbsp; 226 | 203156 |
| 4.85%, 08/15/42 | &nbsp;&nbsp; 127 | 119829 |
| 4.85%, 03/15/44 | &nbsp;&nbsp; 90 | 83829 |
| 4.90%, 05/15/46 | &nbsp;&nbsp; 228 | 211195 |
| 4.95%, 10/15/54 | &nbsp;&nbsp; 229 | 207003 |
| 5.10%, 02/15/45 | &nbsp;&nbsp; 269 | 257049 |
| 5.38%, 02/15/78, (3-mo. CME Term SOFR + <br> 2.83%)<sup>(a)</sup><br>| &nbsp;&nbsp; 260 | 260649 |
| 5.70%, 02/15/42 | &nbsp;&nbsp; 118 | 122495 |
| 5.95%, 02/01/41 | &nbsp;&nbsp; 153 | 163430 |
| 6.13%, 10/15/39 | &nbsp;&nbsp; 125 | 137005 |
| 6.45%, 09/01/40 | &nbsp;&nbsp; 109 | 122729 |
| 7.55%, 04/15/38 | &nbsp;&nbsp; 64 | 78326 |
| Series D, 6.88%, 03/01/33 | &nbsp;&nbsp; 100 | 114869 |
| Series E, 5.25%, 08/16/77, (3-mo. CME Term <br> SOFR + 3.29%)<sup>(a)</sup><br>| &nbsp;&nbsp; 95 | 95238 |
| Kinder Morgan Energy Partners LP |  |  |
| 4.70%, 11/01/42 | &nbsp;&nbsp; 53 | 48226 |
| 5.00%, 08/15/42 | &nbsp;&nbsp; 105 | 99131 |
| 5.00%, 03/01/43 | &nbsp;&nbsp; 170 | 158613 |
| 5.40%, 09/01/44 | &nbsp;&nbsp; 169 | 163556 |
| 5.50%, 03/01/44 | &nbsp;&nbsp; 206 | 202423 |
| 5.63%, 09/01/41 | &nbsp;&nbsp; 95 | 95626 |
| 5.80%, 03/15/35 | &nbsp;&nbsp; 260 | 277800 |
| 6.38%, 03/01/41 | &nbsp;&nbsp; 144 | 157287 |
| 6.50%, 02/01/37 | &nbsp;&nbsp; 127 | 142230 |
| 6.50%, 09/01/39 | &nbsp;&nbsp; 168 | 186298 |
| 6.55%, 09/15/40 | &nbsp;&nbsp; 119 | 132257 |
| 6.95%, 01/15/38 | &nbsp;&nbsp; 240 | 276811 |
| 7.30%, 08/15/33 | &nbsp;&nbsp; 287 | 334166 |
| 7.40%, 03/15/31 | &nbsp;&nbsp; 50 | 57152 |
| 7.50%, 11/15/40 | &nbsp;&nbsp; 121 | 146585 |
| 7.75%, 03/15/32 | &nbsp;&nbsp; 120 | 140525 |
| Kinder Morgan, Inc. |  |  |
| 2.00%, 02/15/31 | &nbsp;&nbsp; 150 | 135884 |
| 3.25%, 08/01/50 | &nbsp;&nbsp; 177 | 119164 |
| 3.60%, 02/15/51 | &nbsp;&nbsp; 135 | 96955 |
| 4.30%, 03/01/28 | &nbsp;&nbsp; 492 | 496096 |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 455 | 463045 |
| 5.00%, 02/01/29 | &nbsp;&nbsp; 750 | 772590 |
| 5.05%, 02/15/46 | &nbsp;&nbsp; 270 | 249014 |
| 5.10%, 08/01/29 | &nbsp;&nbsp; 105 | 108715 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.15%, 06/01/30 | &nbsp;&nbsp; $1055 | $1097690 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 740 | 772224 |
| 5.20%, 03/01/48 | &nbsp;&nbsp; 279 | 260965 |
| 5.30%, 12/01/34 | &nbsp;&nbsp; 655 | 679335 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 390 | 409553 |
| 5.45%, 08/01/52 | &nbsp;&nbsp; 10 | 9499 |
| 5.55%, 06/01/45 | &nbsp;&nbsp; 326 | 322113 |
| 5.85%, 06/01/35 | &nbsp;&nbsp; 1050 | 1127973 |
| 5.95%, 08/01/54 | &nbsp;&nbsp; 190 | 194151 |
| 7.75%, 01/15/32 | &nbsp;&nbsp; 227 | 266749 |
| 7.80%, 08/01/31 | &nbsp;&nbsp; 135 | 158006 |
| MPLX LP |  |  |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 65 | 65032 |
| 4.25%, 12/01/27 | &nbsp;&nbsp; 35 | 35153 |
| 4.50%, 04/15/38 | &nbsp;&nbsp; 371 | 344842 |
| 4.70%, 04/15/48 | &nbsp;&nbsp; 373 | 315030 |
| 4.80%, 02/15/29 | &nbsp;&nbsp; 98 | 99897 |
| 4.90%, 04/15/58 | &nbsp;&nbsp; 212 | 176403 |
| 4.95%, 03/14/52 | &nbsp;&nbsp; 120 | 103353 |
| 5.20%, 03/01/47 | &nbsp;&nbsp; 232 | 211775 |
| 5.50%, 02/15/49 | &nbsp;&nbsp; 281 | 263546 |
| Northwest Pipeline LLC, 4.00%, 04/01/27 | &nbsp;&nbsp; 102 | 102024 |
| ONEOK Partners LP |  |  |
| 6.13%, 02/01/41 | &nbsp;&nbsp; 166 | 174627 |
| 6.20%, 09/15/43 | &nbsp;&nbsp; 141 | 146196 |
| 6.65%, 10/01/36 | &nbsp;&nbsp; 265 | 294503 |
| 6.85%, 10/15/37 | &nbsp;&nbsp; 225 | 252980 |
| ONEOK, Inc. |  |  |
| 3.10%, 03/15/30 | &nbsp;&nbsp; 310 | 296932 |
| 3.25%, 06/01/30 | &nbsp;&nbsp; 135 | 129584 |
| 3.40%, 09/01/29 | &nbsp;&nbsp; 120 | 117344 |
| 3.95%, 03/01/50 | &nbsp;&nbsp; 165 | 121575 |
| 4.00%, 07/13/27 | &nbsp;&nbsp; 464 | 464356 |
| 4.20%, 10/03/47 | &nbsp;&nbsp; 125 | 98633 |
| 4.35%, 03/15/29 | &nbsp;&nbsp; 175 | 176088 |
| 4.45%, 09/01/49 | &nbsp;&nbsp; 195 | 160923 |
| 4.50%, 03/15/50 | &nbsp;&nbsp; 158 | 130824 |
| 4.55%, 07/15/28 | &nbsp;&nbsp; 578 | 584341 |
| 4.75%, 10/15/31 | &nbsp;&nbsp; 155 | 157149 |
| 4.85%, 02/01/49 | &nbsp;&nbsp; 109 | 93729 |
| 4.95%, 10/15/32 | &nbsp;&nbsp; 125 | 127091 |
| 4.95%, 07/13/47 | &nbsp;&nbsp; 152 | 134903 |
| 5.05%, 11/01/34 | &nbsp;&nbsp; 745 | 747654 |
| 5.20%, 07/15/48 | &nbsp;&nbsp; 330 | 300074 |
| 5.38%, 06/01/29 | &nbsp;&nbsp; 385 | 398856 |
| 5.40%, 10/15/35 | &nbsp;&nbsp; 125 | 127405 |
| 5.65%, 09/01/34 | &nbsp;&nbsp; 670 | 699520 |
| 5.70%, 11/01/54 | &nbsp;&nbsp; 295 | 278028 |
| 5.80%, 11/01/30 | &nbsp;&nbsp; 120 | 127188 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 55 | 52156 |
| 6.00%, 06/15/35 | &nbsp;&nbsp; 140 | 149122 |
| 6.05%, 09/01/33 | &nbsp;&nbsp; 275 | 295337 |
| 6.10%, 11/15/32 | &nbsp;&nbsp; 180 | 194306 |
| 6.25%, 10/15/55 | &nbsp;&nbsp; 340 | 343835 |
| 6.35%, 01/15/31 | &nbsp;&nbsp; 225 | 243674 |
| 6.63%, 09/01/53 | &nbsp;&nbsp; 65 | 68912 |
| 7.15%, 01/15/51 | &nbsp;&nbsp; 5 | 5621 |
| Sabine Pass Liquefaction LLC |  |  |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 317 | 318191 |
| 4.50%, 05/15/30 | &nbsp;&nbsp; 356 | 359909 |
| 5.00%, 03/15/27 | &nbsp;&nbsp; 252 | 253173 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.90%, 09/15/37 | &nbsp;&nbsp; $53 | $57031 |
| Spectra Energy Partners LP |  |  |
| 4.50%, 03/15/45 | &nbsp;&nbsp; 239 | 206978 |
| 5.95%, 09/25/43 | &nbsp;&nbsp; 302 | 312127 |
| Targa Resources Corp. |  |  |
| 4.20%, 02/01/33 | &nbsp;&nbsp; 540 | 524663 |
| 4.35%, 01/15/29 | &nbsp;&nbsp; 150 | 151131 |
| 4.35%, 04/15/31 | &nbsp;&nbsp; 100 | 99994 |
| 4.90%, 09/15/30 | &nbsp;&nbsp; 200 | 205242 |
| 4.95%, 04/15/52 | &nbsp;&nbsp; 210 | 181313 |
| 5.40%, 07/30/36 | &nbsp;&nbsp; 160 | 162948 |
| 5.50%, 02/15/35 | &nbsp;&nbsp; 75 | 77596 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 260 | 269458 |
| 5.65%, 02/15/36 | &nbsp;&nbsp; 190 | 197614 |
| 6.05%, 05/15/56 | &nbsp;&nbsp; 65 | 64844 |
| 6.13%, 03/15/33 | &nbsp;&nbsp; 70 | 75723 |
| 6.13%, 05/15/55 | &nbsp;&nbsp; 160 | 161792 |
| 6.50%, 03/30/34 | &nbsp;&nbsp; 345 | 381976 |
| 6.50%, 02/15/53 | &nbsp;&nbsp; 250 | 265197 |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp.<br>|  |  |
| 4.00%, 01/15/32 | &nbsp;&nbsp; 660 | 640901 |
| 4.88%, 02/01/31 | &nbsp;&nbsp; 445 | 450571 |
| 5.50%, 03/01/30 | &nbsp;&nbsp; 315 | 320478 |
| TC PipeLines LP, 3.90%, 05/25/27 | &nbsp;&nbsp; 165 | 164705 |
| Tennessee Gas Pipeline Co. LLC |  |  |
| 7.00%, 03/15/27 | &nbsp;&nbsp; 70 | 72218 |
| 7.00%, 10/15/28 | &nbsp;&nbsp; 25 | 26887 |
| 7.63%, 04/01/37 | &nbsp;&nbsp; 70 | 84333 |
| Texas Eastern Transmission LP, 7.00%, 07/15/32 | &nbsp;&nbsp; 332 | 377580 |
| TransCanada PipeLines Ltd. |  |  |
| 4.10%, 04/15/30 | &nbsp;&nbsp; 229 | 228625 |
| 4.25%, 05/15/28 | &nbsp;&nbsp; 165 | 165905 |
| 4.63%, 03/01/34 | &nbsp;&nbsp; 225 | 223500 |
| 4.88%, 05/15/48 | &nbsp;&nbsp; 75 | 66965 |
| 5.10%, 03/15/49 | &nbsp;&nbsp; 129 | 123069 |
| 5.60%, 03/31/34 | &nbsp;&nbsp; 75 | 79525 |
| 5.85%, 03/15/36 | &nbsp;&nbsp; 115 | 122606 |
| 6.10%, 06/01/40 | &nbsp;&nbsp; 105 | 113158 |
| 6.20%, 10/15/37 | &nbsp;&nbsp; 279 | 303569 |
| 7.00%, 06/01/65, (5-year CMT + 2.61%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15603 |
| 7.25%, 08/15/38 | &nbsp;&nbsp; 209 | 245477 |
| 7.63%, 01/15/39 | &nbsp;&nbsp; 195 | 236793 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 40 | 40049 |
| 4.45%, 08/01/42 | &nbsp;&nbsp; 130 | 116590 |
| 4.60%, 03/15/48 | &nbsp;&nbsp; 267 | 233826 |
| 5.40%, 08/15/41 | &nbsp;&nbsp; 93 | 92841 |
| Valero Energy Partners LP, 4.50%, 03/15/28 | &nbsp;&nbsp; 200 | 201843 |
| Western Midstream Operating LP |  |  |
| 4.05%, 02/01/30 | &nbsp;&nbsp; 380 | 375330 |
| 4.50%, 03/01/28 | &nbsp;&nbsp; 135 | 136018 |
| 4.80%, 03/01/31 | &nbsp;&nbsp; 125 | 126088 |
| 5.25%, 02/01/50 | &nbsp;&nbsp; 250 | 217176 |
| 5.30%, 03/01/48 | &nbsp;&nbsp; 10 | 8827 |
| 5.45%, 11/15/34 | &nbsp;&nbsp; 195 | 198278 |
| 5.45%, 04/01/44 | &nbsp;&nbsp; 115 | 106088 |
| 5.50%, 12/15/35 | &nbsp;&nbsp; 75 | 75666 |
| 5.50%, 08/15/48 | &nbsp;&nbsp; 115 | 103905 |
| 6.15%, 04/01/33 | &nbsp;&nbsp; 615 | 657543 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Williams Companies, Inc.(The) |  |  |
| 3.75%, 06/15/27 | &nbsp;&nbsp; $202 | $201547 |
| 4.63%, 06/30/30 | &nbsp;&nbsp; 175 | 178066 |
| 4.85%, 03/01/48 | &nbsp;&nbsp; 240 | 212932 |
| 4.90%, 01/15/45 | &nbsp;&nbsp; 102 | 93203 |
| 5.10%, 09/15/45 | &nbsp;&nbsp; 291 | 272120 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 365 | 374055 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 325 | 328610 |
| 5.30%, 09/30/35 | &nbsp;&nbsp; 195 | 200172 |
| 5.30%, 08/15/52 | &nbsp;&nbsp; 20 | 18654 |
| 5.40%, 03/04/44 | &nbsp;&nbsp; 188 | 182711 |
| 5.60%, 03/15/35 | &nbsp;&nbsp; 195 | 204849 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 200 | 211553 |
| 5.75%, 06/24/44 | &nbsp;&nbsp; 70 | 70946 |
| 5.80%, 11/15/43 | &nbsp;&nbsp; 71 | 71596 |
| 5.80%, 11/15/54 | &nbsp;&nbsp; 115 | 114525 |
| 5.95%, 03/15/56 | &nbsp;&nbsp; 300 | 304549 |
| 6.00%, 03/15/55 | &nbsp;&nbsp; 55 | 56395 |
| 6.30%, 04/15/40 | &nbsp;&nbsp; 305 | 332577 |
| 8.75%, 03/15/32 | &nbsp;&nbsp; 148 | 180426 |
| Series A, 7.50%, 01/15/31 | &nbsp;&nbsp; 57 | 65115 |
|  |  | 66379150 |
| **Private Equity — 0.0%** | **Private Equity — 0.0%** | **Private Equity — 0.0%** |
| Brookfield Finance, Inc., 5.81%, 03/03/55 | &nbsp;&nbsp; 75 | 73155 |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| CBRE Services, Inc. |  |  |
| 2.50%, 04/01/31 | &nbsp;&nbsp; 1230 | 1123513 |
| 4.80%, 06/15/30 | &nbsp;&nbsp; 100 | 101936 |
| 4.90%, 01/15/33 | &nbsp;&nbsp; 125 | 126468 |
| 5.50%, 04/01/29 | &nbsp;&nbsp; 150 | 155784 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 190 | 196595 |
| 5.95%, 08/15/34 | &nbsp;&nbsp; 335 | 358110 |
| Jones Lang LaSalle, Inc., 6.88%, 12/01/28 | &nbsp;&nbsp; 30 | 32079 |
|  |  | 2094485 |
| **Real Estate Investment Trusts — 1.2%** | **Real Estate Investment Trusts — 1.2%** | **Real Estate Investment Trusts — 1.2%** |
| Alexandria Real Estate Equities, Inc. |  |  |
| 1.88%, 02/01/33 | &nbsp;&nbsp; 390 | 324008 |
| 2.95%, 03/15/34 | &nbsp;&nbsp; 205 | 178384 |
| 3.38%, 08/15/31 | &nbsp;&nbsp; 60 | 56508 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 55 | 39473 |
| 4.00%, 02/01/50 | &nbsp;&nbsp; 205 | 157644 |
| 4.85%, 04/15/49 | &nbsp;&nbsp; 172 | 150350 |
| 4.90%, 12/15/30 | &nbsp;&nbsp; 65 | 66361 |
| American Tower Corp. |  |  |
| 1.88%, 10/15/30 | &nbsp;&nbsp; 190 | 171409 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 355 | 325740 |
| 2.30%, 09/15/31 | &nbsp;&nbsp; 85 | 76457 |
| 2.70%, 04/15/31 | &nbsp;&nbsp; 420 | 389876 |
| 2.90%, 01/15/30 | &nbsp;&nbsp; 335 | 319995 |
| 2.95%, 01/15/51 | &nbsp;&nbsp; 355 | 229323 |
| 3.10%, 06/15/50 | &nbsp;&nbsp; 100 | 67089 |
| 3.55%, 07/15/27 | &nbsp;&nbsp; 475 | 472336 |
| 3.60%, 01/15/28 | &nbsp;&nbsp; 555 | 550992 |
| 3.70%, 10/15/49 | &nbsp;&nbsp; 302 | 228340 |
| 3.80%, 08/15/29 | &nbsp;&nbsp; 510 | 505133 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 76 | 75733 |
| 4.05%, 03/15/32 | &nbsp;&nbsp; 30 | 29525 |
| 4.70%, 12/15/32 | &nbsp;&nbsp; 90 | 90902 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 195 | 200381 |
| 5.00%, 01/31/30 | &nbsp;&nbsp; 25 | 25738 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 5.20%, 02/15/29 | &nbsp;&nbsp; $70 | $72240 |
| 5.25%, 07/15/28 | &nbsp;&nbsp; 70 | 71979 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 510 | 528924 |
| 5.40%, 01/31/35 | &nbsp;&nbsp; 1125 | 1169276 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 160 | 167390 |
| 5.50%, 03/15/28 | &nbsp;&nbsp; 25 | 25698 |
| 5.55%, 07/15/33 | &nbsp;&nbsp; 290 | 305982 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 20 | 21235 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 140 | 150993 |
| AvalonBay Communities, Inc. |  |  |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 57 | 53403 |
| 3.20%, 01/15/28 | &nbsp;&nbsp; 135 | 133945 |
| 3.30%, 06/01/29 | &nbsp;&nbsp; 95 | 93230 |
| 3.90%, 10/15/46 | &nbsp;&nbsp; 39 | 31775 |
| 4.35%, 04/15/48 | &nbsp;&nbsp; 122 | 105498 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 405 | 419282 |
| Boston Properties LP |  |  |
| 2.45%, 10/01/33 | &nbsp;&nbsp; 440 | 364076 |
| 2.55%, 04/01/32 | &nbsp;&nbsp; 280 | 246010 |
| 2.90%, 03/15/30 | &nbsp;&nbsp; 360 | 339757 |
| 3.25%, 01/30/31 | &nbsp;&nbsp; 354 | 333398 |
| 3.40%, 06/21/29 | &nbsp;&nbsp; 386 | 375995 |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 260 | 262184 |
| 5.75%, 01/15/35 | &nbsp;&nbsp; 210 | 213994 |
| 6.50%, 01/15/34 | &nbsp;&nbsp; 270 | 289246 |
| 6.75%, 12/01/27 | &nbsp;&nbsp; 95 | 99139 |
| Brixmor Operating Partnership LP |  |  |
| 2.50%, 08/16/31 | &nbsp;&nbsp; 5 | 4541 |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 319 | 316145 |
| 4.13%, 05/15/29 | &nbsp;&nbsp; 45 | 45061 |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/29 | &nbsp;&nbsp; 195 | 184104 |
| 2.75%, 04/15/31 | &nbsp;&nbsp; 215 | 198538 |
| 2.90%, 12/01/33 | &nbsp;&nbsp; 170 | 147542 |
| Cousins Properties LP, 5.88%, 10/01/34 | &nbsp;&nbsp; 195 | 204285 |
| Crown Castle, Inc. |  |  |
| 2.10%, 04/01/31 | &nbsp;&nbsp; 355 | 316683 |
| 2.25%, 01/15/31 | &nbsp;&nbsp; 350 | 316395 |
| 2.50%, 07/15/31 | &nbsp;&nbsp; 280 | 253133 |
| 2.90%, 03/15/27 | &nbsp;&nbsp; 175 | 173064 |
| 2.90%, 04/01/41 | &nbsp;&nbsp; 10 | 7438 |
| 3.10%, 11/15/29 | &nbsp;&nbsp; 105 | 100807 |
| 3.25%, 01/15/51 | &nbsp;&nbsp; 220 | 148151 |
| 3.30%, 07/01/30 | &nbsp;&nbsp; 370 | 354243 |
| 3.65%, 09/01/27 | &nbsp;&nbsp; 775 | 771493 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 827 | 823639 |
| 4.00%, 03/01/27 | &nbsp;&nbsp; 225 | 224932 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 205 | 157793 |
| 4.15%, 07/01/50 | &nbsp;&nbsp; 215 | 170678 |
| 4.30%, 02/15/29 | &nbsp;&nbsp; 355 | 356512 |
| 4.75%, 05/15/47 | &nbsp;&nbsp; 264 | 231815 |
| 4.80%, 09/01/28 | &nbsp;&nbsp; 275 | 279584 |
| 5.00%, 01/11/28 | &nbsp;&nbsp; 320 | 325374 |
| 5.10%, 05/01/33 | &nbsp;&nbsp; 375 | 382368 |
| 5.20%, 09/01/34 | &nbsp;&nbsp; 170 | 173772 |
| 5.20%, 02/15/49 | &nbsp;&nbsp; 251 | 230034 |
| 5.60%, 06/01/29 | &nbsp;&nbsp; 220 | 229183 |
| 5.80%, 03/01/34 | &nbsp;&nbsp; 55 | 58301 |
| Digital Realty Trust LP |  |  |
| 3.60%, 07/01/29 | &nbsp;&nbsp; 3259 | 3216874 |
| 3.70%, 08/15/27 | &nbsp;&nbsp; 1584 | 1578155 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.45%, 07/15/28 | &nbsp;&nbsp; $4942 | $4990755 |
| 5.55%, 01/15/28 | &nbsp;&nbsp; 2485 | 2555815 |
| DOC DR LLC |  |  |
| 2.63%, 11/01/31 | &nbsp;&nbsp; 20 | 18172 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 270 | 269691 |
| EPR Properties |  |  |
| 3.60%, 11/15/31 | &nbsp;&nbsp; 100 | 93909 |
| 4.50%, 06/01/27 | &nbsp;&nbsp; 95 | 95105 |
| Equinix Asia Financing Corp. Pte Ltd., 4.40%, <br> 03/15/31<br>| &nbsp;&nbsp; 2000 | 1998390 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| 4.60%, 11/15/30 | &nbsp;&nbsp; 275 | 278015 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 1655 | 1727470 |
| Equinix, Inc. |  |  |
| 1.55%, 03/15/28 | &nbsp;&nbsp; 295 | 281130 |
| 1.80%, 07/15/27 | &nbsp;&nbsp; 20 | 19427 |
| 2.00%, 05/15/28 | &nbsp;&nbsp; 1240 | 1188124 |
| 2.15%, 07/15/30 | &nbsp;&nbsp; 785 | 718129 |
| 2.50%, 05/15/31 | &nbsp;&nbsp; 325 | 296468 |
| 2.95%, 09/15/51 | &nbsp;&nbsp; 250 | 158605 |
| 3.00%, 07/15/50 | &nbsp;&nbsp; 222 | 143625 |
| 3.20%, 11/18/29 | &nbsp;&nbsp; 1833 | 1771227 |
| 3.40%, 02/15/52 | &nbsp;&nbsp; 145 | 100288 |
| 3.90%, 04/15/32 | &nbsp;&nbsp; 200 | 193637 |
| Federal Realty OP LP |  |  |
| 3.20%, 06/15/29 | &nbsp;&nbsp; 234 | 227714 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 715 | 708333 |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 725 | 704425 |
| 4.50%, 12/01/44 | &nbsp;&nbsp; 50 | 44330 |
| 5.38%, 05/01/28 | &nbsp;&nbsp; 970 | 996557 |
| Healthpeak OP LLC |  |  |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 539 | 515602 |
| 3.50%, 07/15/29 | &nbsp;&nbsp; 546 | 535316 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 25 | 25105 |
| 5.25%, 12/15/32 | &nbsp;&nbsp; 15 | 15492 |
| 6.75%, 02/01/41 | &nbsp;&nbsp; 155 | 172393 |
| Highwoods Realty LP |  |  |
| 2.60%, 02/01/31 | &nbsp;&nbsp; 20 | 17992 |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 135 | 127146 |
| 4.20%, 04/15/29 | &nbsp;&nbsp; 60 | 59383 |
| 7.65%, 02/01/34 | &nbsp;&nbsp; 50 | 56970 |
| Host Hotels & Resorts LP |  |  |
| 5.70%, 07/01/34 | &nbsp;&nbsp; 5 | 5203 |
| Series H, 3.38%, 12/15/29 | &nbsp;&nbsp; 245 | 237333 |
| Series I, 3.50%, 09/15/30 | &nbsp;&nbsp; 440 | 421953 |
| Series J, 2.90%, 12/15/31 | &nbsp;&nbsp; 55 | 50241 |
| Kilroy Realty LP |  |  |
| 2.50%, 11/15/32 | &nbsp;&nbsp; 265 | 222456 |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 440 | 408991 |
| Kimco Realty OP LLC |  |  |
| 3.70%, 10/01/49 | &nbsp;&nbsp; 62 | 47468 |
| 3.80%, 04/01/27 | &nbsp;&nbsp; 30 | 30004 |
| 4.13%, 12/01/46 | &nbsp;&nbsp; 152 | 128858 |
| 4.25%, 04/01/45 | &nbsp;&nbsp; 80 | 68905 |
| 4.45%, 09/01/47 | &nbsp;&nbsp; 105 | 91421 |
| Omega Healthcare Investors, Inc., 3.25%, <br> 04/15/33<sup>(b)</sup><br>| &nbsp;&nbsp; 260 | 234708 |
| Piedmont Operating Partnership LP, 3.15%, <br> 08/15/30<br>| &nbsp;&nbsp; 160 | 148493 |
| Prologis LP |  |  |
| 2.13%, 04/15/27 | &nbsp;&nbsp; 25 | 24554 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 2.13%, 10/15/50 | &nbsp;&nbsp; $135 | $74157 |
| 2.25%, 04/15/30 | &nbsp;&nbsp; 35 | 32772 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 60 | 53988 |
| 2.88%, 11/15/29 | &nbsp;&nbsp; 45 | 43364 |
| 3.00%, 04/15/50 | &nbsp;&nbsp; 111 | 74266 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 51 | 34535 |
| 3.88%, 09/15/28 | &nbsp;&nbsp; 900 | 900451 |
| 4.00%, 09/15/28 | &nbsp;&nbsp; 20 | 20067 |
| 4.38%, 02/01/29 | &nbsp;&nbsp; 95 | 96262 |
| 4.38%, 09/15/48 | &nbsp;&nbsp; 170 | 145216 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 235 | 238430 |
| 4.75%, 06/15/33 | &nbsp;&nbsp; 440 | 448012 |
| 4.88%, 06/15/28 | &nbsp;&nbsp; 115 | 117662 |
| 5.13%, 01/15/34 | &nbsp;&nbsp; 100 | 103568 |
| 5.25%, 03/15/54 | &nbsp;&nbsp; 20 | 19263 |
| Regency Centers LP |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 235 | 227169 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 97 | 97501 |
| 4.40%, 02/01/47 | &nbsp;&nbsp; 80 | 69661 |
| 4.50%, 03/15/33 | &nbsp;&nbsp; 25 | 24996 |
| 4.65%, 03/15/49 | &nbsp;&nbsp; 105 | 93214 |
| Sabra Health Care LP |  |  |
| 3.20%, 12/01/31 | &nbsp;&nbsp; 130 | 120244 |
| 3.90%, 10/15/29 | &nbsp;&nbsp; 55 | 54160 |
| Ventas Realty LP |  |  |
| 4.38%, 02/01/45 | &nbsp;&nbsp; 86 | 74143 |
| 4.88%, 04/15/49 | &nbsp;&nbsp; 159 | 142326 |
| 5.70%, 09/30/43 | &nbsp;&nbsp; 143 | 146333 |
| VICI Properties LP |  |  |
| 4.95%, 02/15/30 | &nbsp;&nbsp; 140 | 142345 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 310 | 313903 |
| 5.63%, 05/15/52 | &nbsp;&nbsp; 260 | 244535 |
| Welltower OP LLC |  |  |
| 2.75%, 01/15/31 | &nbsp;&nbsp; 190 | 178635 |
| 2.75%, 01/15/32 | &nbsp;&nbsp; 475 | 438081 |
| 2.80%, 06/01/31 | &nbsp;&nbsp; 155 | 144892 |
| 3.10%, 01/15/30 | &nbsp;&nbsp; 240 | 232030 |
| 3.85%, 06/15/32 | &nbsp;&nbsp; 320 | 312723 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 150 | 150837 |
| 4.25%, 04/15/28 | &nbsp;&nbsp; 285 | 287220 |
| 4.50%, 07/01/30 | &nbsp;&nbsp; 50 | 50876 |
| 4.95%, 09/01/48 | &nbsp;&nbsp; 208 | 196586 |
| 5.13%, 07/01/35 | &nbsp;&nbsp; 50 | 51508 |
| 6.50%, 03/15/41 | &nbsp;&nbsp; 210 | 238384 |
| Weyerhaeuser Co. |  |  |
| 4.00%, 11/15/29 | &nbsp;&nbsp; 469 | 466817 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 222 | 220271 |
| 6.95%, 10/01/27 | &nbsp;&nbsp; 20 | 20911 |
| 7.38%, 03/15/32 | &nbsp;&nbsp; 395 | 453006 |
| WP Carey, Inc., 3.85%, 07/15/29 | &nbsp;&nbsp; 60 | 59547 |
|  |  | 53467178 |
| **Retail — 0.7%** | **Retail — 0.7%** | **Retail — 0.7%** |
| AutoNation, Inc. |  |  |
| 2.40%, 08/01/31 | &nbsp;&nbsp; 100 | 89905 |
| 3.80%, 11/15/27 | &nbsp;&nbsp; 212 | 211199 |
| 3.85%, 03/01/32 | &nbsp;&nbsp; 70 | 66782 |
| 4.45%, 01/15/29 | &nbsp;&nbsp; 100 | 100712 |
| 4.75%, 06/01/30 | &nbsp;&nbsp; 35 | 35505 |
| 5.89%, 03/15/35 | &nbsp;&nbsp; 800 | 834495 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Best Buy Co., Inc. |  |  |
| 1.95%, 10/01/30 | &nbsp;&nbsp; $2470 | $2232734 |
| 4.45%, 10/01/28 | &nbsp;&nbsp; 1986 | 2007386 |
| Dollar General Corp. |  |  |
| 4.13%, 04/03/50 | &nbsp;&nbsp; 49 | 38763 |
| 5.20%, 07/05/28 | &nbsp;&nbsp; 65 | 66686 |
| 5.45%, 07/05/33 | &nbsp;&nbsp; 35 | 36685 |
| Dollar Tree, Inc., 3.38%, 12/01/51 | &nbsp;&nbsp; 75 | 50621 |
| Ferguson Enterprises, Inc. |  |  |
| 4.35%, 03/15/31 | &nbsp;&nbsp; 50 | 50138 |
| 5.00%, 10/03/34 | &nbsp;&nbsp; 975 | 990098 |
| Home Depot, Inc.(The) |  |  |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 428 | 408852 |
| 2.80%, 09/14/27 | &nbsp;&nbsp; 145 | 143273 |
| 2.95%, 06/15/29 | &nbsp;&nbsp; 1495 | 1455624 |
| 3.13%, 12/15/49 | &nbsp;&nbsp; 315 | 217701 |
| 3.25%, 04/15/32 | &nbsp;&nbsp; 170 | 162210 |
| 3.30%, 04/15/40 | &nbsp;&nbsp; 40 | 33155 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 382 | 273710 |
| 3.50%, 09/15/56 | &nbsp;&nbsp; 390 | 276264 |
| 3.63%, 04/15/52 | &nbsp;&nbsp; 225 | 166941 |
| 3.75%, 09/15/28 | &nbsp;&nbsp; 95 | 95475 |
| 3.90%, 12/06/28 | &nbsp;&nbsp; 825 | 829241 |
| 3.90%, 06/15/47 | &nbsp;&nbsp; 290 | 233566 |
| 3.95%, 09/15/30 | &nbsp;&nbsp; 120 | 120448 |
| 4.20%, 04/01/43 | &nbsp;&nbsp; 275 | 242166 |
| 4.25%, 04/01/46 | &nbsp;&nbsp; 369 | 317200 |
| 4.40%, 03/15/45 | &nbsp;&nbsp; 265 | 234280 |
| 4.50%, 09/15/32 | &nbsp;&nbsp; 240 | 244824 |
| 4.50%, 12/06/48 | &nbsp;&nbsp; 320 | 279759 |
| 4.65%, 09/15/35 | &nbsp;&nbsp; 185 | 184913 |
| 4.85%, 06/25/31 | &nbsp;&nbsp; 215 | 224133 |
| 4.88%, 02/15/44 | &nbsp;&nbsp; 240 | 227673 |
| 4.95%, 06/25/34 | &nbsp;&nbsp; 250 | 258214 |
| 5.30%, 06/25/54 | &nbsp;&nbsp; 100 | 97083 |
| 5.40%, 09/15/40 | &nbsp;&nbsp; 225 | 233443 |
| 5.40%, 06/25/64 | &nbsp;&nbsp; 55 | 53412 |
| 5.88%, 12/16/36 | &nbsp;&nbsp; 720 | 786527 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 20 | 21794 |
| Lowe's Companies, Inc. |  |  |
| 1.70%, 10/15/30 | &nbsp;&nbsp; 110 | 98818 |
| 2.63%, 04/01/31 | &nbsp;&nbsp; 190 | 176213 |
| 3.00%, 10/15/50 | &nbsp;&nbsp; 213 | 138112 |
| 3.70%, 04/15/46 | &nbsp;&nbsp; 300 | 231565 |
| 3.75%, 04/01/32 | &nbsp;&nbsp; 150 | 145217 |
| 4.05%, 05/03/47 | &nbsp;&nbsp; 320 | 257339 |
| 4.25%, 04/01/52 | &nbsp;&nbsp; 225 | 179973 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 254 | 216694 |
| 4.45%, 04/01/62 | &nbsp;&nbsp; 370 | 293193 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 125 | 127085 |
| 4.55%, 04/05/49 | &nbsp;&nbsp; 310 | 264809 |
| 4.65%, 04/15/42 | &nbsp;&nbsp; 140 | 129620 |
| 5.00%, 04/15/33 | &nbsp;&nbsp; 55 | 56728 |
| 5.00%, 04/15/40 | &nbsp;&nbsp; 134 | 131929 |
| 5.13%, 04/15/50 | &nbsp;&nbsp; 226 | 207514 |
| 5.15%, 07/01/33 | &nbsp;&nbsp; 220 | 228418 |
| 5.50%, 10/15/35 | &nbsp;&nbsp; 265 | 279160 |
| 5.63%, 04/15/53 | &nbsp;&nbsp; 90 | 88574 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 195 | 193198 |
| 5.85%, 04/01/63 | &nbsp;&nbsp; 40 | 39870 |
| 6.50%, 03/15/29 | &nbsp;&nbsp; 290 | 311346 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Lowe's Cos., Inc. |  |  |
| 3.95%, 10/15/27 | &nbsp;&nbsp; $275 | $275873 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 275 | 275726 |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 275 | 275819 |
| 4.50%, 10/15/32 | &nbsp;&nbsp; 265 | 266247 |
| 4.85%, 10/15/35 | &nbsp;&nbsp; 260 | 259689 |
| McDonald's Corp. |  |  |
| 3.63%, 05/01/43 | &nbsp;&nbsp; 108 | 86595 |
| 3.63%, 09/01/49 | &nbsp;&nbsp; 212 | 159464 |
| 3.70%, 02/15/42 | &nbsp;&nbsp; 75 | 62639 |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 90 | 90044 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 222 | 182898 |
| 4.45%, 03/01/47 | &nbsp;&nbsp; 167 | 145732 |
| 4.45%, 09/01/48 | &nbsp;&nbsp; 241 | 208762 |
| 4.60%, 05/26/45 | &nbsp;&nbsp; 180 | 161785 |
| 4.70%, 12/09/35 | &nbsp;&nbsp; 129 | 130311 |
| 4.88%, 07/15/40 | &nbsp;&nbsp; 190 | 186020 |
| 4.88%, 12/09/45 | &nbsp;&nbsp; 300 | 278120 |
| 4.95%, 08/14/33 | &nbsp;&nbsp; 45 | 46827 |
| 5.45%, 08/14/53 | &nbsp;&nbsp; 90 | 88569 |
| 5.70%, 02/01/39 | &nbsp;&nbsp; 25 | 26872 |
| 6.30%, 10/15/37 | &nbsp;&nbsp; 77 | 86889 |
| 6.30%, 03/01/38 | &nbsp;&nbsp; 125 | 140195 |
| O'Reilly Automotive, Inc., 4.20%, 04/01/30 | &nbsp;&nbsp; 92 | 92312 |
| Starbucks Corp. |  |  |
| 2.25%, 03/12/30 | &nbsp;&nbsp; 50 | 46632 |
| 3.35%, 03/12/50 | &nbsp;&nbsp; 270 | 190112 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 86 | 85408 |
| 3.50%, 11/15/50 | &nbsp;&nbsp; 440 | 317407 |
| 3.55%, 08/15/29 | &nbsp;&nbsp; 70 | 69230 |
| 3.75%, 12/01/47 | &nbsp;&nbsp; 80 | 61777 |
| 4.30%, 06/15/45 | &nbsp;&nbsp; 102 | 87915 |
| 4.45%, 08/15/49 | &nbsp;&nbsp; 241 | 205442 |
| 4.50%, 11/15/48 | &nbsp;&nbsp; 230 | 197751 |
| 4.80%, 02/15/33 | &nbsp;&nbsp; 100 | 102479 |
| Target Corp. |  |  |
| 2.35%, 02/15/30 | &nbsp;&nbsp; 85 | 80239 |
| 2.65%, 09/15/30 | &nbsp;&nbsp; 275 | 259958 |
| 2.95%, 01/15/52 | &nbsp;&nbsp; 230 | 150906 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 80 | 79126 |
| 3.63%, 04/15/46 | &nbsp;&nbsp; 291 | 227656 |
| 3.90%, 11/15/47 | &nbsp;&nbsp; 240 | 193362 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 231 | 198786 |
| 4.35%, 06/15/28 | &nbsp;&nbsp; 55 | 55760 |
| 4.40%, 01/15/33 | &nbsp;&nbsp; 310 | 313884 |
| 4.80%, 01/15/53<sup>(b)</sup> | &nbsp;&nbsp; 190 | 172772 |
| 5.00%, 04/15/35<sup>(b)</sup> | &nbsp;&nbsp; 100 | 102650 |
| 5.25%, 02/15/36 | &nbsp;&nbsp; 90 | 93486 |
| 6.35%, 11/01/32 | &nbsp;&nbsp; 10 | 11179 |
| 6.50%, 10/15/37 | &nbsp;&nbsp; 225 | 258442 |
| 7.00%, 01/15/38 | &nbsp;&nbsp; 230 | 273839 |
| TJX Companies, Inc.(The) |  |  |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 105 | 105031 |
| 4.50%, 04/15/50 | &nbsp;&nbsp; 106 | 93539 |
| Tractor Supply Co. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 2734 | 2447997 |
| 5.25%, 05/15/33 | &nbsp;&nbsp; 1860 | 1931849 |
|  |  | 30370967 |
| **Semiconductors — 0.9%** | **Semiconductors — 0.9%** | **Semiconductors — 0.9%** |
| Analog Devices, Inc. |  |  |
| 4.25%, 06/15/28 | &nbsp;&nbsp; 190 | 192082 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 4.50%, 06/15/30 | &nbsp;&nbsp; $185 | $189092 |
| 5.30%, 12/15/45 | &nbsp;&nbsp; 110 | 109918 |
| Applied Materials, Inc. |  |  |
| 1.75%, 06/01/30 | &nbsp;&nbsp; 775 | 706829 |
| 2.75%, 06/01/50 | &nbsp;&nbsp; 175 | 115724 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 105 | 104582 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 100 | 100021 |
| 4.35%, 04/01/47 | &nbsp;&nbsp; 276 | 244108 |
| 4.60%, 01/15/36 | &nbsp;&nbsp; 80 | 79568 |
| 4.80%, 06/15/29 | &nbsp;&nbsp; 245 | 252336 |
| 5.10%, 10/01/35 | &nbsp;&nbsp; 680 | 707275 |
| 5.85%, 06/15/41 | &nbsp;&nbsp; 245 | 265282 |
| Broadcom, Inc. |  |  |
| 3.14%, 11/15/35<sup>(e)</sup> | &nbsp;&nbsp; 445 | 388738 |
| 3.19%, 11/15/36<sup>(e)</sup> | &nbsp;&nbsp; 305 | 263001 |
| 3.42%, 04/15/33 | &nbsp;&nbsp; 659 | 616835 |
| 3.47%, 04/15/34 | &nbsp;&nbsp; 449 | 414862 |
| 3.50%, 02/15/41 | &nbsp;&nbsp; 338 | 280162 |
| 3.75%, 02/15/51 | &nbsp;&nbsp; 634 | 489103 |
| 4.15%, 04/15/32<sup>(e)</sup> | &nbsp;&nbsp; 190 | 187929 |
| 4.20%, 10/15/30 | &nbsp;&nbsp; 35 | 35170 |
| 4.30%, 01/15/31 | &nbsp;&nbsp; 35 | 35306 |
| 4.30%, 11/15/32 | &nbsp;&nbsp; 150 | 149478 |
| 4.60%, 07/15/30 | &nbsp;&nbsp; 75 | 76625 |
| 4.60%, 01/15/33 | &nbsp;&nbsp; 75 | 75797 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 260 | 260679 |
| 4.90%, 07/15/32 | &nbsp;&nbsp; 125 | 128703 |
| 4.90%, 02/15/38 | &nbsp;&nbsp; 240 | 238746 |
| 4.93%, 05/15/37<sup>(e)</sup> | &nbsp;&nbsp; 517 | 516810 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 30 | 30359 |
| 5.00%, 04/15/30 | &nbsp;&nbsp; 325 | 335893 |
| 5.20%, 07/15/35 | &nbsp;&nbsp; 125 | 129192 |
| 5.70%, 01/15/56 | &nbsp;&nbsp; 35 | 35966 |
| Intel Corp. |  |  |
| 1.60%, 08/12/28 | &nbsp;&nbsp; 1340 | 1266757 |
| 2.00%, 08/12/31 | &nbsp;&nbsp; 10 | 8859 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 665 | 626899 |
| 3.05%, 08/12/51 | &nbsp;&nbsp; 180 | 113036 |
| 3.10%, 02/15/60 | &nbsp;&nbsp; 202 | 115431 |
| 3.15%, 05/11/27 | &nbsp;&nbsp; 525 | 519840 |
| 3.25%, 11/15/49 | &nbsp;&nbsp; 485 | 317217 |
| 3.73%, 12/08/47 | &nbsp;&nbsp; 314 | 226938 |
| 3.75%, 08/05/27 | &nbsp;&nbsp; 215 | 214279 |
| 3.90%, 03/25/30 | &nbsp;&nbsp; 155 | 153143 |
| 4.00%, 08/05/29 | &nbsp;&nbsp; 120 | 119674 |
| 4.00%, 12/15/32 | &nbsp;&nbsp; 525 | 507130 |
| 4.10%, 05/19/46 | &nbsp;&nbsp; 209 | 162249 |
| 4.10%, 05/11/47 | &nbsp;&nbsp; 200 | 154216 |
| 4.15%, 08/05/32 | &nbsp;&nbsp; 215 | 210163 |
| 4.25%, 12/15/42 | &nbsp;&nbsp; 140 | 116081 |
| 4.60%, 03/25/40 | &nbsp;&nbsp; 60 | 54522 |
| 4.75%, 03/25/50 | &nbsp;&nbsp; 288 | 239736 |
| 4.80%, 10/01/41 | &nbsp;&nbsp; 235 | 212456 |
| 4.88%, 02/10/28 | &nbsp;&nbsp; 350 | 355503 |
| 4.90%, 07/29/45 | &nbsp;&nbsp; 287 | 251817 |
| 4.90%, 08/05/52 | &nbsp;&nbsp; 185 | 156069 |
| 4.95%, 03/25/60 | &nbsp;&nbsp; 190 | 157363 |
| 5.00%, 02/21/31 | &nbsp;&nbsp; 170 | 174961 |
| 5.05%, 08/05/62 | &nbsp;&nbsp; 110 | 91440 |
| 5.13%, 02/10/30 | &nbsp;&nbsp; 450 | 464021 |
| 5.15%, 02/21/34<sup>(b)</sup> | &nbsp;&nbsp; 170 | 173557 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 5.20%, 02/10/33 | &nbsp;&nbsp; $590 | $607684 |
| 5.70%, 02/10/53 | &nbsp;&nbsp; 195 | 184985 |
| 5.90%, 02/10/63 | &nbsp;&nbsp; 145 | 139164 |
| KLA Corp. |  |  |
| 3.30%, 03/01/50 | &nbsp;&nbsp; 70 | 49671 |
| 5.00%, 03/15/49 | &nbsp;&nbsp; 65 | 60818 |
| 5.25%, 07/15/62 | &nbsp;&nbsp; 80 | 75380 |
| Lam Research Corp. |  |  |
| 1.90%, 06/15/30 | &nbsp;&nbsp; 1195 | 1096942 |
| 2.88%, 06/15/50 | &nbsp;&nbsp; 231 | 152163 |
| 3.13%, 06/15/60 | &nbsp;&nbsp; 85 | 53794 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 1166 | 1171165 |
| 4.88%, 03/15/49 | &nbsp;&nbsp; 175 | 162938 |
| Marvell Technology, Inc. |  |  |
| 4.75%, 07/15/30 | &nbsp;&nbsp; 25 | 25488 |
| 5.45%, 07/15/35 | &nbsp;&nbsp; 25 | 25967 |
| 5.95%, 09/15/33 | &nbsp;&nbsp; 45 | 48301 |
| Micron Technology, Inc. |  |  |
| 2.70%, 04/15/32 | &nbsp;&nbsp; 115 | 105115 |
| 3.48%, 11/01/51<sup>(b)</sup> | &nbsp;&nbsp; 235 | 172209 |
| 5.88%, 02/09/33 | &nbsp;&nbsp; 105 | 112918 |
| 5.88%, 09/15/33 | &nbsp;&nbsp; 75 | 80562 |
| NVIDIA Corp. |  |  |
| 2.00%, 06/15/31 | &nbsp;&nbsp; 1280 | 1165215 |
| 2.85%, 04/01/30 | &nbsp;&nbsp; 1470 | 1413967 |
| 3.50%, 04/01/40 | &nbsp;&nbsp; 170 | 146693 |
| 3.50%, 04/01/50 | &nbsp;&nbsp; 332 | 252941 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 | &nbsp;&nbsp; 1920 | 1986522 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 2.50%, 05/11/31 | &nbsp;&nbsp; 335 | 306744 |
| 2.65%, 02/15/32 | &nbsp;&nbsp; 330 | 297799 |
| 3.13%, 02/15/42 | &nbsp;&nbsp; 410 | 305277 |
| 3.15%, 05/01/27 | &nbsp;&nbsp; 215 | 213064 |
| 3.25%, 05/11/41 | &nbsp;&nbsp; 135 | 103932 |
| 3.25%, 11/30/51 | &nbsp;&nbsp; 139 | 93230 |
| 3.40%, 05/01/30 | &nbsp;&nbsp; 560 | 542601 |
| 4.30%, 08/19/28 | &nbsp;&nbsp; 180 | 181127 |
| 4.30%, 06/18/29 | &nbsp;&nbsp; 1090 | 1096441 |
| 4.40%, 06/01/27 | &nbsp;&nbsp; 605 | 608042 |
| 4.85%, 08/19/32 | &nbsp;&nbsp; 75 | 76102 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 435 | 444102 |
| 5.25%, 08/19/35 | &nbsp;&nbsp; 745 | 760932 |
| Qorvo, Inc., 4.38%, 10/15/29 | &nbsp;&nbsp; 275 | 270752 |
| QUALCOMM, Inc. |  |  |
| 4.30%, 05/20/47 | &nbsp;&nbsp; 375 | 317819 |
| 4.50%, 05/20/52 | &nbsp;&nbsp; 185 | 156490 |
| 4.65%, 05/20/35 | &nbsp;&nbsp; 90 | 90936 |
| 4.80%, 05/20/45 | &nbsp;&nbsp; 65 | 59888 |
| 6.00%, 05/20/53 | &nbsp;&nbsp; 20 | 21145 |
| Texas Instruments, Inc. |  |  |
| 1.75%, 05/04/30 | &nbsp;&nbsp; 865 | 794345 |
| 1.90%, 09/15/31 | &nbsp;&nbsp; 340 | 305314 |
| 2.25%, 09/04/29 | &nbsp;&nbsp; 714 | 679060 |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 250 | 156085 |
| 2.90%, 11/03/27 | &nbsp;&nbsp; 890 | 880476 |
| 3.65%, 08/16/32 | &nbsp;&nbsp; 1220 | 1185574 |
| 3.88%, 03/15/39 | &nbsp;&nbsp; 288 | 260459 |
| 4.10%, 08/16/52 | &nbsp;&nbsp; 50 | 40511 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 375 | 314372 |
| 4.50%, 05/23/30 | &nbsp;&nbsp; 120 | 122499 |
| 4.60%, 02/15/28 | &nbsp;&nbsp; 50 | 50846 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 4.60%, 02/08/29 | &nbsp;&nbsp; $205 | $210041 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 180 | 185822 |
| 4.90%, 03/14/33 | &nbsp;&nbsp; 645 | 669320 |
| 5.00%, 03/14/53 | &nbsp;&nbsp; 45 | 42054 |
| 5.05%, 05/18/63 | &nbsp;&nbsp; 75 | 68577 |
| 5.10%, 05/23/35 | &nbsp;&nbsp; 125 | 130213 |
| 5.15%, 02/08/54 | &nbsp;&nbsp; 155 | 149061 |
| TSMC Arizona Corp. |  |  |
| 2.50%, 10/25/31 | &nbsp;&nbsp; 1580 | 1460943 |
| 3.13%, 10/25/41 | &nbsp;&nbsp; 30 | 25265 |
| 3.25%, 10/25/51 | &nbsp;&nbsp; 235 | 184395 |
| 3.88%, 04/22/27 | &nbsp;&nbsp; 535 | 535114 |
| 4.25%, 04/22/32 | &nbsp;&nbsp; 435 | 440795 |
| 4.50%, 04/22/52 | &nbsp;&nbsp; 235 | 227805 |
|  |  | 39275499 |
| **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** |
| Huntington Ingalls Industries, Inc. |  |  |
| 2.04%, 08/16/28 | &nbsp;&nbsp; 115 | 109728 |
| 3.48%, 12/01/27 | &nbsp;&nbsp; 170 | 168524 |
| 4.20%, 05/01/30 | &nbsp;&nbsp; 414 | 413386 |
| 5.35%, 01/15/30 | &nbsp;&nbsp; 25 | 25945 |
| 5.75%, 01/15/35 | &nbsp;&nbsp; 25 | 26721 |
|  |  | 744304 |
| **Software — 0.9%** | **Software — 0.9%** | **Software — 0.9%** |
| Adobe, Inc. |  |  |
| 2.30%, 02/01/30 | &nbsp;&nbsp; 2825 | 2648520 |
| 4.80%, 04/04/29 | &nbsp;&nbsp; 230 | 236089 |
| 4.85%, 04/04/27 | &nbsp;&nbsp; 105 | 106199 |
| 4.95%, 04/04/34 | &nbsp;&nbsp; 265 | 270796 |
| 5.30%, 01/17/35 | &nbsp;&nbsp; 135 | 140716 |
| Autodesk, Inc. |  |  |
| 2.40%, 12/15/31 | &nbsp;&nbsp; 1080 | 967235 |
| 2.85%, 01/15/30 | &nbsp;&nbsp; 635 | 604975 |
| 3.50%, 06/15/27 | &nbsp;&nbsp; 1588 | 1578497 |
| 5.30%, 06/15/35 | &nbsp;&nbsp; 800 | 814373 |
| Broadridge Financial Solutions, Inc. |  |  |
| 2.60%, 05/01/31 | &nbsp;&nbsp; 990 | 897411 |
| 2.90%, 12/01/29 | &nbsp;&nbsp; 920 | 871092 |
| Cadence Design Systems, Inc. |  |  |
| 4.20%, 09/10/27 | &nbsp;&nbsp; 1155 | 1160581 |
| 4.30%, 09/10/29 | &nbsp;&nbsp; 1410 | 1425269 |
| 4.70%, 09/10/34 | &nbsp;&nbsp; 1030 | 1037864 |
| Concentrix Corp., 6.85%, 08/02/33<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28896 |
| Fidelity National Information Services, Inc. |  |  |
| 4.50%, 08/15/46 | &nbsp;&nbsp; 20 | 16927 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 295 | 299711 |
| Fiserv, Inc. |  |  |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 145 | 140865 |
| 4.20%, 10/01/28 | &nbsp;&nbsp; 40 | 40006 |
| 4.40%, 07/01/49 | &nbsp;&nbsp; 378 | 299294 |
| 4.55%, 02/15/31 | &nbsp;&nbsp; 30 | 29915 |
| 5.25%, 08/11/35 | &nbsp;&nbsp; 50 | 50004 |
| 5.63%, 08/21/33 | &nbsp;&nbsp; 95 | 98348 |
| Intuit, Inc. |  |  |
| 1.35%, 07/15/27 | &nbsp;&nbsp; 330 | 319439 |
| 1.65%, 07/15/30 | &nbsp;&nbsp; 320 | 288869 |
| 5.20%, 09/15/33 | &nbsp;&nbsp; 675 | 698394 |
| 5.50%, 09/15/53 | &nbsp;&nbsp; 1165 | 1102283 |
| Microsoft Corp. |  |  |
| 2.53%, 06/01/50 | &nbsp;&nbsp; 240 | 148866 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 2.68%, 06/01/60 | &nbsp;&nbsp; $125 | $72496 |
| 2.92%, 03/17/52 | &nbsp;&nbsp; 705 | 468755 |
| 3.04%, 03/17/62 | &nbsp;&nbsp; 95 | 59619 |
| 3.45%, 08/08/36 | &nbsp;&nbsp; 610 | 563315 |
| 3.50%, 02/12/35<sup>(b)</sup> | &nbsp;&nbsp; 1065 | 1008945 |
| 3.50%, 11/15/42 | &nbsp;&nbsp; 50 | 41825 |
| 3.95%, 08/08/56 | &nbsp;&nbsp; 50 | 39786 |
| 4.00%, 02/12/55 | &nbsp;&nbsp; 120 | 96987 |
| 4.10%, 02/06/37 | &nbsp;&nbsp; 435 | 425008 |
| 4.20%, 11/03/35<sup>(b)</sup> | &nbsp;&nbsp; 355 | 357150 |
| 4.50%, 10/01/40 | &nbsp;&nbsp; 20 | 19746 |
| Oracle Corp. |  |  |
| 3.60%, 04/01/40 | &nbsp;&nbsp; 287 | 215462 |
| 3.60%, 04/01/50 | &nbsp;&nbsp; 742 | 463972 |
| 3.65%, 03/25/41 | &nbsp;&nbsp; 500 | 371367 |
| 3.80%, 11/15/37 | &nbsp;&nbsp; 392 | 322736 |
| 3.85%, 07/15/36 | &nbsp;&nbsp; 320 | 272933 |
| 3.85%, 04/01/60 | &nbsp;&nbsp; 563 | 342408 |
| 3.90%, 05/15/35 | &nbsp;&nbsp; 460 | 402894 |
| 3.95%, 03/25/51 | &nbsp;&nbsp; 556 | 367411 |
| 4.00%, 07/15/46 | &nbsp;&nbsp; 557 | 389011 |
| 4.00%, 11/15/47 | &nbsp;&nbsp; 419 | 288632 |
| 4.10%, 03/25/61 | &nbsp;&nbsp; 264 | 169044 |
| 4.13%, 05/15/45 | &nbsp;&nbsp; 342 | 247190 |
| 4.20%, 09/27/29 | &nbsp;&nbsp; 15 | 14806 |
| 4.30%, 07/08/34 | &nbsp;&nbsp; 295 | 269653 |
| 4.38%, 05/15/55 | &nbsp;&nbsp; 331 | 228991 |
| 4.50%, 05/06/28 | &nbsp;&nbsp; 40 | 40216 |
| 4.50%, 07/08/44 | &nbsp;&nbsp; 300 | 231091 |
| 4.70%, 09/27/34 | &nbsp;&nbsp; 95 | 89246 |
| 4.90%, 02/06/33 | &nbsp;&nbsp; 530 | 517921 |
| 5.20%, 09/26/35 | &nbsp;&nbsp; 50 | 48321 |
| 5.38%, 07/15/40 | &nbsp;&nbsp; 382 | 349174 |
| 5.38%, 09/27/54 | &nbsp;&nbsp; 240 | 193563 |
| 5.50%, 09/27/64 | &nbsp;&nbsp; 335 | 265601 |
| 5.55%, 02/06/53 | &nbsp;&nbsp; 305 | 254606 |
| 5.70%, 02/04/36 | &nbsp;&nbsp; 500 | 500165 |
| 5.95%, 09/26/55 | &nbsp;&nbsp; 370 | 325353 |
| 6.00%, 08/03/55 | &nbsp;&nbsp; 55 | 48374 |
| 6.10%, 09/26/65 | &nbsp;&nbsp; 285 | 246827 |
| 6.13%, 07/08/39 | &nbsp;&nbsp; 344 | 340305 |
| 6.13%, 08/03/65 | &nbsp;&nbsp; 195 | 168689 |
| 6.25%, 11/09/32 | &nbsp;&nbsp; 270 | 285161 |
| 6.50%, 04/15/38 | &nbsp;&nbsp; 296 | 306627 |
| 6.70%, 02/04/56 | &nbsp;&nbsp; 700 | 678392 |
| 6.85%, 02/04/66 | &nbsp;&nbsp; 300 | 287693 |
| 6.90%, 11/09/52 | &nbsp;&nbsp; 175 | 172834 |
| Roper Technologies, Inc., 4.20%, 09/15/28 | &nbsp;&nbsp; 5 | 5010 |
| Salesforce, Inc. |  |  |
| 2.90%, 07/15/51 | &nbsp;&nbsp; 420 | 257617 |
| 3.70%, 04/11/28 | &nbsp;&nbsp; 5195 | 5181403 |
| ServiceNow, Inc., 1.40%, 09/01/30 | &nbsp;&nbsp; 1910 | 1691702 |
| Synopsys, Inc. |  |  |
| 4.85%, 04/01/30 | &nbsp;&nbsp; 640 | 655468 |
| 5.00%, 04/01/32 | &nbsp;&nbsp; 85 | 87632 |
| 5.15%, 04/01/35 | &nbsp;&nbsp; 1100 | 1123292 |
| 5.70%, 04/01/55 | &nbsp;&nbsp; 370 | 369749 |
| VMware LLC, 4.70%, 05/15/30 | &nbsp;&nbsp; 788 | 804805 |
| Workday, Inc. |  |  |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 530 | 527243 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 595 | 585127 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 3.80%, 04/01/32 | &nbsp;&nbsp; $800 | $759554 |
|  |  | 41240337 |
| **Telecommunications — 0.7%** | **Telecommunications — 0.7%** | **Telecommunications — 0.7%** |
| America Movil SAB de CV |  |  |
| 4.38%, 07/16/42 | &nbsp;&nbsp; 5 | 4463 |
| 4.38%, 04/22/49 | &nbsp;&nbsp; 220 | 188311 |
| 6.13%, 11/15/37 | &nbsp;&nbsp; 162 | 176986 |
| 6.13%, 03/30/40 | &nbsp;&nbsp; 517 | 562271 |
| 6.38%, 03/01/35 | &nbsp;&nbsp; 210 | 235383 |
| AT&T, Inc. |  |  |
| 3.30%, 02/01/52 | &nbsp;&nbsp; 340 | 225014 |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 435 | 349080 |
| 3.50%, 09/15/53 | &nbsp;&nbsp; 944 | 642566 |
| 3.50%, 02/01/61 | &nbsp;&nbsp; 215 | 138940 |
| 3.55%, 09/15/55 | &nbsp;&nbsp; 961 | 649873 |
| 3.65%, 06/01/51 | &nbsp;&nbsp; 574 | 410055 |
| 3.65%, 09/15/59 | &nbsp;&nbsp; 893 | 600530 |
| 3.80%, 12/01/57 | &nbsp;&nbsp; 895 | 627964 |
| 3.85%, 06/01/60 | &nbsp;&nbsp; 355 | 247467 |
| 4.30%, 12/15/42 | &nbsp;&nbsp; 140 | 120533 |
| 4.35%, 06/15/45 | &nbsp;&nbsp; 140 | 117605 |
| 4.50%, 03/09/48 | &nbsp;&nbsp; 212 | 177387 |
| 4.55%, 03/09/49 | &nbsp;&nbsp; 231 | 193539 |
| 4.65%, 06/01/44 | &nbsp;&nbsp; 85 | 75318 |
| 4.75%, 05/15/46 | &nbsp;&nbsp; 240 | 210705 |
| 4.85%, 03/01/39 | &nbsp;&nbsp; 235 | 225936 |
| 4.85%, 07/15/45 | &nbsp;&nbsp; 120 | 108442 |
| 4.90%, 08/15/37 | &nbsp;&nbsp; 183 | 180522 |
| 5.15%, 03/15/42 | &nbsp;&nbsp; 177 | 170687 |
| 5.15%, 11/15/46 | &nbsp;&nbsp; 35 | 32457 |
| 5.15%, 02/15/50 | &nbsp;&nbsp; 105 | 95324 |
| 5.25%, 03/01/37 | &nbsp;&nbsp; 445 | 455047 |
| 5.35%, 09/01/40 | &nbsp;&nbsp; 74 | 73657 |
| 5.45%, 03/01/47 | &nbsp;&nbsp; 125 | 120041 |
| 5.55%, 08/15/41 | &nbsp;&nbsp; 270 | 270658 |
| 5.70%, 03/01/57 | &nbsp;&nbsp; 166 | 161957 |
| 6.00%, 08/15/40 | &nbsp;&nbsp; 155 | 164218 |
| 6.30%, 01/15/38 | &nbsp;&nbsp; 55 | 60374 |
| 6.38%, 03/01/41 | &nbsp;&nbsp; 225 | 244198 |
| 6.55%, 02/15/39 | &nbsp;&nbsp; 198 | 221446 |
| Bell Telephone Co. of Canada or Bell Canada, <br> 3.65%, 08/15/52<br>| &nbsp;&nbsp; 70 | 50880 |
| British Telecommunications PLC |  |  |
| 5.13%, 12/04/28 | &nbsp;&nbsp; 750 | 769909 |
| 9.63%, 12/15/30 | &nbsp;&nbsp; 1192 | 1457978 |
| Cisco Systems, Inc. |  |  |
| 4.75%, 02/24/30 | &nbsp;&nbsp; 75 | 77341 |
| 4.85%, 02/26/29 | &nbsp;&nbsp; 100 | 102989 |
| 4.95%, 02/26/31 | &nbsp;&nbsp; 75 | 78046 |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 75 | 78127 |
| 5.05%, 02/26/34 | &nbsp;&nbsp; 250 | 259717 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 100 | 103880 |
| 5.30%, 02/26/54 | &nbsp;&nbsp; 215 | 209214 |
| 5.35%, 02/26/64 | &nbsp;&nbsp; 45 | 43051 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 465 | 488228 |
| 5.50%, 02/24/55 | &nbsp;&nbsp; 85 | 85283 |
| 5.90%, 02/15/39 | &nbsp;&nbsp; 287 | 313809 |
| Juniper Networks, Inc., 5.95%, 03/15/41 | &nbsp;&nbsp; 169 | 172535 |
| Koninklijke KPN NV, 8.38%, 10/01/30 | &nbsp;&nbsp; 1655 | 1941648 |
| Motorola Solutions, Inc. |  |  |
| 2.30%, 11/15/30 | &nbsp;&nbsp; 150 | 137910 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 4.60%, 02/23/28 | &nbsp;&nbsp; $263 | $265897 |
| 4.60%, 05/23/29 | &nbsp;&nbsp; 160 | 162422 |
| 4.85%, 08/15/30 | &nbsp;&nbsp; 90 | 92404 |
| 5.20%, 08/15/32 | &nbsp;&nbsp; 100 | 104256 |
| 5.50%, 09/01/44 | &nbsp;&nbsp; 85 | 84521 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 100 | 105247 |
| 5.60%, 06/01/32 | &nbsp;&nbsp; 115 | 122134 |
| Nokia OYJ |  |  |
| 4.38%, 06/12/27 | &nbsp;&nbsp; 1695 | 1693937 |
| 6.63%, 05/15/39 | &nbsp;&nbsp; 1840 | 1992162 |
| Rogers Communications, Inc. |  |  |
| 3.70%, 11/15/49 | &nbsp;&nbsp; 165 | 124683 |
| 3.80%, 03/15/32 | &nbsp;&nbsp; 45 | 42982 |
| 4.30%, 02/15/48 | &nbsp;&nbsp; 160 | 130682 |
| 4.35%, 05/01/49 | &nbsp;&nbsp; 100 | 81599 |
| 4.50%, 03/15/42 | &nbsp;&nbsp; 45 | 39237 |
| 4.50%, 03/15/43 | &nbsp;&nbsp; 117 | 100807 |
| 4.55%, 03/15/52 | &nbsp;&nbsp; 165 | 135174 |
| 5.00%, 03/15/44 | &nbsp;&nbsp; 215 | 195457 |
| 5.45%, 10/01/43 | &nbsp;&nbsp; 105 | 100743 |
| 7.50%, 08/15/38 | &nbsp;&nbsp; 227 | 266309 |
| Telefonica Emisiones SA |  |  |
| 4.67%, 03/06/38 | &nbsp;&nbsp; 210 | 195161 |
| 5.21%, 03/08/47 | &nbsp;&nbsp; 60 | 53843 |
| 5.52%, 03/01/49 | &nbsp;&nbsp; 35 | 32636 |
| 7.05%, 06/20/36 | &nbsp;&nbsp; 453 | 512528 |
| TELUS Corp. |  |  |
| 3.70%, 09/15/27 | &nbsp;&nbsp; 700 | 696008 |
| 4.60%, 11/16/48 | &nbsp;&nbsp; 20 | 17401 |
| Verizon Communications, Inc. |  |  |
| 2.36%, 03/15/32 | &nbsp;&nbsp; 100 | 89225 |
| 2.55%, 03/21/31 | &nbsp;&nbsp; 261 | 241436 |
| 2.88%, 11/20/50 | &nbsp;&nbsp; 230 | 145522 |
| 2.99%, 10/30/56 | &nbsp;&nbsp; 661 | 402478 |
| 3.00%, 11/20/60<sup>(b)</sup> | &nbsp;&nbsp; 815 | 485859 |
| 3.55%, 03/22/51 | &nbsp;&nbsp; 530 | 384053 |
| 3.70%, 03/22/61 | &nbsp;&nbsp; 757 | 522548 |
| 3.85%, 11/01/42 | &nbsp;&nbsp; 401 | 330182 |
| 4.13%, 08/15/46 | &nbsp;&nbsp; 224 | 183289 |
| 4.27%, 01/15/36 | &nbsp;&nbsp; 350 | 332255 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 556 | 544118 |
| 4.50%, 08/10/33 | &nbsp;&nbsp; 754 | 751694 |
| 4.52%, 09/15/48 | &nbsp;&nbsp; 285 | 242150 |
| 4.67%, 03/15/55 | &nbsp;&nbsp; 335 | 282599 |
| 4.75%, 11/01/41 | &nbsp;&nbsp; 249 | 230873 |
| 4.81%, 03/15/39 | &nbsp;&nbsp; 352 | 339496 |
| 4.86%, 08/21/46 | &nbsp;&nbsp; 653 | 587646 |
| 5.01%, 04/15/49 | &nbsp;&nbsp; 270 | 246202 |
| 5.01%, 08/21/54 | &nbsp;&nbsp; 450 | 401179 |
| 5.05%, 05/09/33 | &nbsp;&nbsp; 110 | 113989 |
| 5.25%, 03/16/37 | &nbsp;&nbsp; 740 | 753404 |
| 5.50%, 03/16/47 | &nbsp;&nbsp; 302 | 298437 |
| 5.85%, 09/15/35 | &nbsp;&nbsp; 200 | 216586 |
| 6.00%, 11/30/65 | &nbsp;&nbsp; 80 | 80295 |
| 6.40%, 09/15/33 | &nbsp;&nbsp; 15 | 16751 |
| 6.55%, 09/15/43 | &nbsp;&nbsp; 155 | 172487 |
| 7.75%, 12/01/30 | &nbsp;&nbsp; 180 | 207371 |
| Vodafone Group PLC |  |  |
| 4.25%, 09/17/50 | &nbsp;&nbsp; 242 | 194182 |
| 4.38%, 02/19/43 | &nbsp;&nbsp; 20 | 17421 |
| 4.88%, 06/19/49 | &nbsp;&nbsp; 270 | 240995 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.00%, 05/30/38 | &nbsp;&nbsp; $200 | $200608 |
| 5.25%, 05/30/48 | &nbsp;&nbsp; 350 | 329649 |
| 6.15%, 02/27/37 | &nbsp;&nbsp; 255 | 280714 |
| 6.25%, 11/30/32 | &nbsp;&nbsp; 325 | 357178 |
| 7.88%, 02/15/30 | &nbsp;&nbsp; 300 | 342202 |
|  |  | 32822802 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro, Inc. |  |  |
| 3.50%, 09/15/27 | &nbsp;&nbsp; 379 | 376378 |
| 3.90%, 11/19/29 | &nbsp;&nbsp; 856 | 848607 |
| 6.05%, 05/14/34 | &nbsp;&nbsp; 260 | 279205 |
| 6.35%, 03/15/40 | &nbsp;&nbsp; 70 | 75635 |
|  |  | 1579825 |
| **Transportation — 0.4%** | **Transportation — 0.4%** | **Transportation — 0.4%** |
| Canadian National Railway Co. |  |  |
| 2.45%, 05/01/50 | &nbsp;&nbsp; 540 | 328247 |
| 3.20%, 08/02/46 | &nbsp;&nbsp; 189 | 139550 |
| 3.65%, 02/03/48 | &nbsp;&nbsp; 152 | 117815 |
| 3.85%, 08/05/32 | &nbsp;&nbsp; 50 | 48935 |
| 4.20%, 03/12/31 | &nbsp;&nbsp; 75 | 75488 |
| 4.38%, 09/18/34 | &nbsp;&nbsp; 125 | 124306 |
| 4.40%, 08/05/52 | &nbsp;&nbsp; 105 | 90847 |
| 4.45%, 01/20/49 | &nbsp;&nbsp; 170 | 148248 |
| 4.75%, 11/12/35 | &nbsp;&nbsp; 75 | 76116 |
| 5.85%, 11/01/33 | &nbsp;&nbsp; 130 | 141700 |
| 6.20%, 06/01/36 | &nbsp;&nbsp; 70 | 78308 |
| 6.25%, 08/01/34 | &nbsp;&nbsp; 45 | 50375 |
| 6.38%, 11/15/37 | &nbsp;&nbsp; 155 | 175955 |
| Canadian Pacific Railway Co. |  |  |
| 3.10%, 12/02/51 | &nbsp;&nbsp; 525 | 358339 |
| 4.20%, 11/15/69 | &nbsp;&nbsp; 95 | 72789 |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 105 | 106579 |
| 5.95%, 05/15/37 | &nbsp;&nbsp; 100 | 109695 |
| 6.13%, 09/15/2115 | &nbsp;&nbsp; 510 | 528946 |
| 7.13%, 10/15/31 | &nbsp;&nbsp; 165 | 188326 |
| CH Robinson Worldwide, Inc., 4.20%, 04/15/28 | &nbsp;&nbsp; 2695 | 2702250 |
| CSX Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 4 | 3775 |
| 2.50%, 05/15/51 | &nbsp;&nbsp; 45 | 27416 |
| 3.35%, 09/15/49 | &nbsp;&nbsp; 185 | 132885 |
| 3.80%, 11/01/46 | &nbsp;&nbsp; 224 | 178967 |
| 3.80%, 04/15/50 | &nbsp;&nbsp; 115 | 89341 |
| 3.95%, 05/01/50 | &nbsp;&nbsp; 153 | 121164 |
| 4.10%, 11/15/32 | &nbsp;&nbsp; 50 | 49803 |
| 4.10%, 03/15/44 | &nbsp;&nbsp; 74 | 63690 |
| 4.25%, 11/01/66 | &nbsp;&nbsp; 65 | 50887 |
| 4.30%, 03/01/48 | &nbsp;&nbsp; 240 | 204330 |
| 4.40%, 03/01/43 | &nbsp;&nbsp; 83 | 75242 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 148 | 128831 |
| 4.50%, 11/15/52 | &nbsp;&nbsp; 25 | 21661 |
| 4.50%, 08/01/54 | &nbsp;&nbsp; 160 | 137191 |
| 4.65%, 03/01/68 | &nbsp;&nbsp; 48 | 40282 |
| 4.75%, 05/30/42 | &nbsp;&nbsp; 135 | 127480 |
| 4.75%, 11/15/48 | &nbsp;&nbsp; 163 | 146979 |
| 5.05%, 06/15/35 | &nbsp;&nbsp; 75 | 77292 |
| 5.50%, 04/15/41 | &nbsp;&nbsp; 165 | 171343 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 157 | 172291 |
| 6.15%, 05/01/37 | &nbsp;&nbsp; 115 | 127687 |
| 6.22%, 04/30/40 | &nbsp;&nbsp; 160 | 177975 |
| FedEx Corp., 4.75%, 11/15/45 | &nbsp;&nbsp; 283 | 252802 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| GXO Logistics, Inc., 2.65%, 07/15/31 | &nbsp;&nbsp; $1044 | $955172 |
| Norfolk Southern Corp. |  |  |
| 2.55%, 11/01/29 | &nbsp;&nbsp; 47 | 44802 |
| 2.90%, 08/25/51 | &nbsp;&nbsp; 66 | 42216 |
| 3.16%, 05/15/55 | &nbsp;&nbsp; 170 | 111492 |
| 3.40%, 11/01/49 | &nbsp;&nbsp; 121 | 87269 |
| 4.05%, 08/15/52 | &nbsp;&nbsp; 269 | 212183 |
| 4.10%, 05/15/2121 | &nbsp;&nbsp; 90 | 62957 |
| 4.45%, 03/01/33 | &nbsp;&nbsp; 50 | 50339 |
| 4.55%, 06/01/53 | &nbsp;&nbsp; 40 | 34226 |
| 5.05%, 08/01/30 | &nbsp;&nbsp; 175 | 181980 |
| 5.10%, 08/01/2118 | &nbsp;&nbsp; 45 | 39579 |
| Ryder System, Inc. |  |  |
| 2.85%, 03/01/27 | &nbsp;&nbsp; 45 | 44557 |
| 4.30%, 06/15/27 | &nbsp;&nbsp; 120 | 120497 |
| 4.30%, 12/01/30 | &nbsp;&nbsp; 60 | 60235 |
| 4.85%, 06/15/30 | &nbsp;&nbsp; 100 | 102674 |
| 4.90%, 12/01/29 | &nbsp;&nbsp; 35 | 35952 |
| 4.95%, 09/01/29 | &nbsp;&nbsp; 470 | 482250 |
| 5.00%, 03/15/30 | &nbsp;&nbsp; 160 | 164753 |
| 5.25%, 06/01/28 | &nbsp;&nbsp; 965 | 991587 |
| 5.30%, 03/15/27 | &nbsp;&nbsp; 100 | 101310 |
| 5.38%, 03/15/29 | &nbsp;&nbsp; 235 | 243699 |
| 5.50%, 06/01/29 | &nbsp;&nbsp; 480 | 500245 |
| 5.65%, 03/01/28 | &nbsp;&nbsp; 295 | 304024 |
| 6.30%, 12/01/28 | &nbsp;&nbsp; 390 | 412716 |
| 6.60%, 12/01/33 | &nbsp;&nbsp; 1890 | 2128995 |
| Union Pacific Corp. |  |  |
| 2.97%, 09/16/62 | &nbsp;&nbsp; 115 | 69027 |
| 3.25%, 02/05/50 | &nbsp;&nbsp; 370 | 259884 |
| 3.35%, 08/15/46 | &nbsp;&nbsp; 109 | 80939 |
| 3.38%, 02/01/35 | &nbsp;&nbsp; 100 | 91616 |
| 3.50%, 02/14/53 | &nbsp;&nbsp; 115 | 83031 |
| 3.55%, 08/15/39 | &nbsp;&nbsp; 5 | 4342 |
| 3.55%, 05/20/61 | &nbsp;&nbsp; 45 | 31025 |
| 3.60%, 09/15/37 | &nbsp;&nbsp; 95 | 85790 |
| 3.75%, 02/05/70 | &nbsp;&nbsp; 272 | 188196 |
| 3.80%, 10/01/51 | &nbsp;&nbsp; 344 | 264150 |
| 3.80%, 04/06/71 | &nbsp;&nbsp; 300 | 210512 |
| 3.84%, 03/20/60 | &nbsp;&nbsp; 397 | 292198 |
| 3.85%, 02/14/72 | &nbsp;&nbsp; 150 | 105872 |
| 3.88%, 02/01/55 | &nbsp;&nbsp; 210 | 160556 |
| 3.95%, 08/15/59 | &nbsp;&nbsp; 215 | 163425 |
| 4.00%, 04/15/47 | &nbsp;&nbsp; 115 | 94159 |
| 4.05%, 11/15/45 | &nbsp;&nbsp; 194 | 162392 |
| 4.05%, 03/01/46 | &nbsp;&nbsp; 177 | 146908 |
| 4.10%, 09/15/67 | &nbsp;&nbsp; 230 | 172714 |
| 4.30%, 03/01/49 | &nbsp;&nbsp; 220 | 186494 |
| 4.50%, 09/10/48 | &nbsp;&nbsp; 70 | 61336 |
| 4.95%, 05/15/53 | &nbsp;&nbsp; 70 | 64573 |
| 5.10%, 02/20/35 | &nbsp;&nbsp; 165 | 172064 |
| 5.60%, 12/01/54 | &nbsp;&nbsp; 160 | 161685 |
|  |  | 19070725 |
| **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** |
| GATX Corp. |  |  |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 200 | 131557 |
| 3.50%, 03/15/28 | &nbsp;&nbsp; 235 | 232542 |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 240 | 227141 |
| 3.85%, 03/30/27 | &nbsp;&nbsp; 160 | 159716 |
| 4.00%, 06/30/30 | &nbsp;&nbsp; 50 | 49627 |
| 4.55%, 11/07/28 | &nbsp;&nbsp; 209 | 211705 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Trucking & Leasing (continued)** | **Trucking & Leasing (continued)** | **Trucking & Leasing (continued)** |
| 4.70%, 04/01/29 | &nbsp;&nbsp; $120 | $122144 |
| 4.90%, 03/15/33 | &nbsp;&nbsp; 100 | 101671 |
| 5.20%, 03/15/44 | &nbsp;&nbsp; 87 | 83729 |
| 5.40%, 03/15/27 | &nbsp;&nbsp; 25 | 25357 |
| 5.45%, 09/15/33 | &nbsp;&nbsp; 200 | 209720 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 25 | 25976 |
| 6.05%, 03/15/34 | &nbsp;&nbsp; 340 | 368803 |
| 6.05%, 06/05/54 | &nbsp;&nbsp; 150 | 154909 |
| 6.90%, 05/01/34 | &nbsp;&nbsp; 265 | 300902 |
|  |  | 2405499 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| 2.80%, 05/01/30 | &nbsp;&nbsp; 139 | 132921 |
| 3.25%, 06/01/51 | &nbsp;&nbsp; 25 | 17289 |
| 3.45%, 06/01/29 | &nbsp;&nbsp; 217 | 214167 |
| 3.45%, 05/01/50 | &nbsp;&nbsp; 295 | 213409 |
| 3.75%, 09/01/47 | &nbsp;&nbsp; 102 | 79449 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 146 | 117491 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 238 | 193387 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 171 | 141579 |
| 4.30%, 12/01/42 | &nbsp;&nbsp; 50 | 44820 |
| 4.30%, 09/01/45 | &nbsp;&nbsp; 100 | 86330 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 80 | 78806 |
| 6.59%, 10/15/37 | &nbsp;&nbsp; 80 | 92019 |
| Essential Utilities, Inc. |  |  |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 157 | 148519 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 263 | 184281 |
| 3.57%, 05/01/29 | &nbsp;&nbsp; 160 | 157654 |
| 4.28%, 05/01/49 | &nbsp;&nbsp; 278 | 229088 |
| 4.80%, 08/15/27 | &nbsp;&nbsp; 25 | 25278 |
| 5.25%, 08/15/35 | &nbsp;&nbsp; 25 | 25650 |
| 5.30%, 05/01/52 | &nbsp;&nbsp; 195 | 183910 |
| 5.38%, 01/15/34 | &nbsp;&nbsp; 25 | 26014 |
| United Utilities PLC, 6.88%, 08/15/28 | &nbsp;&nbsp; 40 | 42562 |
|  |  | 2434623 |
| **Total Corporate Bonds & Notes — 24.7%** <br>**(Cost: $1,162,236,865)** | **Total Corporate Bonds & Notes — 24.7%** <br>**(Cost: $1,162,236,865)** | 1143274278 |
| **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** |
| **Canada — 0.5%** | **Canada — 0.5%** | **Canada — 0.5%** |
| Hydro-Quebec |  |  |
| Series HH, 8.50%, 12/01/29 | &nbsp;&nbsp; 170 | 197678 |
| Series HK, 9.38%, 04/15/30 | &nbsp;&nbsp; 1510 | 1828803 |
| Series HQ, 9.50%, 11/15/30 | &nbsp;&nbsp; 1170 | 1445443 |
| Province of Alberta Canada |  |  |
| 1.30%, 07/22/30 | &nbsp;&nbsp; 586 | 530903 |
| 3.30%, 03/15/28 | &nbsp;&nbsp; 579 | 576593 |
| 4.50%, 01/24/34 | &nbsp;&nbsp; 810 | 834450 |
| Province of British Columbia Canada |  |  |
| 1.30%, 01/29/31 | &nbsp;&nbsp; 2035 | 1817035 |
| 4.20%, 07/06/33<sup>(b)</sup> | &nbsp;&nbsp; 2555 | 2584039 |
| 4.75%, 06/12/34 | &nbsp;&nbsp; 670 | 700512 |
| 4.80%, 11/15/28 | &nbsp;&nbsp; 1235 | 1275979 |
| 7.25%, 09/01/36 | &nbsp;&nbsp; 255 | 315698 |
| Province of Manitoba Canada |  |  |
| 1.50%, 10/25/28 | &nbsp;&nbsp; 315 | 299004 |
| 4.30%, 07/27/33 | &nbsp;&nbsp; 980 | 994955 |
| 4.90%, 05/31/34 | &nbsp;&nbsp; 510 | 537834 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Canada (continued)** | **Canada (continued)** | **Canada (continued)** |
| Province of Ontario Canada |  |  |
| 1.13%, 10/07/30 | &nbsp;&nbsp; $940 | $840435 |
| 1.60%, 02/25/31 | &nbsp;&nbsp; 1380 | 1249815 |
| 1.80%, 10/14/31 | &nbsp;&nbsp; 1740 | 1568148 |
| 2.13%, 01/21/32 | &nbsp;&nbsp; 1730 | 1576154 |
| 5.05%, 04/24/34<sup>(b)</sup> | &nbsp;&nbsp; 645 | 688833 |
| Province of Quebec Canada |  |  |
| 1.35%, 05/28/30 | &nbsp;&nbsp; 1360 | 1236490 |
| 1.90%, 04/21/31 | &nbsp;&nbsp; 1885 | 1725038 |
| 2.75%, 04/12/27 | &nbsp;&nbsp; 95 | 94183 |
| 3.63%, 04/13/28<sup>(b)</sup> | &nbsp;&nbsp; 1055 | 1057252 |
| 4.50%, 09/08/33 | &nbsp;&nbsp; 1055 | 1086142 |
| Series PD, 7.50%, 09/15/29 | &nbsp;&nbsp; 379 | 427623 |
|  |  | 25489039 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| Chile Government International Bonds |  |  |
| 2.55%, 07/27/33 | &nbsp;&nbsp; 300 | 263665 |
| 3.10%, 05/07/41 | &nbsp;&nbsp; 455 | 359272 |
| 3.10%, 01/22/61 | &nbsp;&nbsp; 505 | 325900 |
| 3.25%, 09/21/71 | &nbsp;&nbsp; 865 | 558089 |
| 3.50%, 01/31/34 | &nbsp;&nbsp; 275 | 256176 |
| 3.50%, 01/25/50 | &nbsp;&nbsp; 517 | 390584 |
| 3.63%, 10/30/42 | &nbsp;&nbsp; 15 | 12534 |
| 3.86%, 06/21/47 | &nbsp;&nbsp; 310 | 254755 |
| 4.00%, 01/31/52 | &nbsp;&nbsp; 635 | 518409 |
| 4.34%, 03/07/42 | &nbsp;&nbsp; 370 | 338125 |
| 4.95%, 01/05/36 | &nbsp;&nbsp; 365 | 373608 |
| 5.33%, 01/05/54 | &nbsp;&nbsp; 150 | 149397 |
| 5.65%, 01/13/37 | &nbsp;&nbsp; 200 | 214653 |
|  |  | 4015167 |
| **Hungary — 0.0%** | **Hungary — 0.0%** | **Hungary — 0.0%** |
| Hungary Government International Bonds, 7.63%, <br> 03/29/41<br>| &nbsp;&nbsp; 305 | 362920 |
| **Indonesia — 0.1%** | **Indonesia — 0.1%** | **Indonesia — 0.1%** |
| Indonesia Government International Bonds |  |  |
| 3.05%, 03/12/51 | &nbsp;&nbsp; 2055 | 1360262 |
| 3.20%, 09/23/61 | &nbsp;&nbsp; 400 | 254149 |
| 3.35%, 03/12/71 | &nbsp;&nbsp; 1015 | 642166 |
| 3.70%, 10/30/49 | &nbsp;&nbsp; 200 | 150733 |
| 4.20%, 10/15/50 | &nbsp;&nbsp; 265 | 216345 |
| 4.45%, 04/15/70 | &nbsp;&nbsp; 55 | 44127 |
| 5.10%, 02/10/54 | &nbsp;&nbsp; 100 | 95346 |
| 5.15%, 09/10/54 | &nbsp;&nbsp; 5 | 4769 |
| 5.48%, 02/21/56 | &nbsp;&nbsp; 205 | 200950 |
|  |  | 2968847 |
| **Israel — 0.1%** | **Israel — 0.1%** | **Israel — 0.1%** |
| Israel Government International Bonds |  |  |
| 3.88%, 07/03/50 | &nbsp;&nbsp; 460 | 343246 |
| 4.13%, 01/17/48 | &nbsp;&nbsp; 320 | 255262 |
| 4.50%, 01/17/33 | &nbsp;&nbsp; 255 | 251022 |
| 4.50%, 01/30/43 | &nbsp;&nbsp; 105 | 93018 |
| 4.50%, 04/03/2120 | &nbsp;&nbsp; 200 | 150922 |
| 5.63%, 02/19/35 | &nbsp;&nbsp; 200 | 209835 |
| 5.75%, 03/12/54 | &nbsp;&nbsp; 630 | 615125 |
| 5.88%, 01/13/56 | &nbsp;&nbsp; 400 | 397652 |
| State of Israel, 3.38%, 01/15/50 | &nbsp;&nbsp; 170 | 116940 |
|  |  | 2433022 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Italy — 0.0%** | **Italy — 0.0%** | **Italy — 0.0%** |
| Republic of Italy Government International Bonds |  |  |
| 3.88%, 05/06/51 | &nbsp;&nbsp; $600 | $457534 |
| 4.00%, 10/17/49 | &nbsp;&nbsp; 557 | 441514 |
| 5.38%, 06/15/33 | &nbsp;&nbsp; 5 | 5366 |
|  |  | 904414 |
| **Mexico — 0.1%** | **Mexico — 0.1%** | **Mexico — 0.1%** |
| Mexico Government International Bonds |  |  |
| 3.77%, 05/24/61 | &nbsp;&nbsp; 2000 | 1254315 |
| 4.28%, 08/14/41 | &nbsp;&nbsp; 135 | 109974 |
| 4.40%, 02/12/52 | &nbsp;&nbsp; 2000 | 1489168 |
| 4.50%, 01/31/50 | &nbsp;&nbsp; 70 | 54146 |
| 4.60%, 01/23/46 | &nbsp;&nbsp; 55 | 43944 |
| 4.75%, 03/08/44 | &nbsp;&nbsp; 1000 | 835152 |
| 5.00%, 04/27/51 | &nbsp;&nbsp; 105 | 86036 |
| 5.55%, 01/21/45 | &nbsp;&nbsp; 100 | 93630 |
| 5.75%, 10/12/2110 | &nbsp;&nbsp; 420 | 356886 |
| 6.00%, 05/07/36 | &nbsp;&nbsp; 65 | 66710 |
| 6.05%, 01/11/40 | &nbsp;&nbsp; 5 | 5035 |
| 6.13%, 02/09/38 | &nbsp;&nbsp; 500 | 506828 |
| 6.34%, 05/04/53 | &nbsp;&nbsp; 400 | 387969 |
| 6.40%, 05/07/54 | &nbsp;&nbsp; 400 | 390968 |
| 6.63%, 01/29/38 | &nbsp;&nbsp; 95 | 100365 |
| 6.75%, 02/09/56 | &nbsp;&nbsp; 300 | 304256 |
| 6.88%, 05/13/37 | &nbsp;&nbsp; 205 | 221672 |
| 7.38%, 05/13/55 | &nbsp;&nbsp; 70 | 76785 |
|  |  | 6383839 |
| **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** |
| Panama Government International Bonds |  |  |
| 3.87%, 07/23/60 | &nbsp;&nbsp; 645 | 447395 |
| 4.30%, 04/29/53 | &nbsp;&nbsp; 552 | 428865 |
| 4.50%, 04/16/50 | &nbsp;&nbsp; 605 | 485074 |
| 4.50%, 04/01/56 | &nbsp;&nbsp; 325 | 253833 |
| 4.50%, 01/19/63 | &nbsp;&nbsp; 345 | 266975 |
| 6.85%, 03/28/54 | &nbsp;&nbsp; 400 | 432514 |
| 8.00%, 03/01/38 | &nbsp;&nbsp; 20 | 23828 |
|  |  | 2338484 |
| **Peru — 0.0%** | **Peru — 0.0%** | **Peru — 0.0%** |
| Peru Government International Bonds |  |  |
| 2.78%, 12/01/60 | &nbsp;&nbsp; 1020 | 576594 |
| 3.23%, 07/28/2121 | &nbsp;&nbsp; 305 | 171717 |
| 3.55%, 03/10/51 | &nbsp;&nbsp; 975 | 701420 |
| 3.60%, 01/15/72 | &nbsp;&nbsp; 140 | 91249 |
| 5.63%, 11/18/50 | &nbsp;&nbsp; 410 | 407588 |
| 5.88%, 08/08/54 | &nbsp;&nbsp; 180 | 181645 |
| 6.20%, 06/30/55 | &nbsp;&nbsp; 10 | 10527 |
|  |  | 2140740 |
| **Poland — 0.1%** | **Poland — 0.1%** | **Poland — 0.1%** |
| Republic of Poland Government <br> International Bonds<br>|  |  |
| 4.88%, 10/04/33 | &nbsp;&nbsp; 480 | 492627 |
| 5.13%, 09/18/34 | &nbsp;&nbsp; 340 | 352403 |
| 5.38%, 02/12/35 | &nbsp;&nbsp; 300 | 314707 |
| 5.50%, 04/04/53 | &nbsp;&nbsp; 450 | 440996 |
| 5.50%, 03/18/54 | &nbsp;&nbsp; 555 | 543929 |
| 5.75%, 11/16/32 | &nbsp;&nbsp; 180 | 194084 |
|  |  | 2338746 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **South Korea — 0.0%** | **South Korea — 0.0%** | **South Korea — 0.0%** |
| Korea International Bonds |  |  |
| 3.88%, 09/20/48 | &nbsp;&nbsp; $413 | $361514 |
| 4.13%, 06/10/44 | &nbsp;&nbsp; 560 | 519425 |
|  |  | 880939 |
| **Supranational — 1.9%** | **Supranational — 1.9%** | **Supranational — 1.9%** |
| African Development Bank, 5.75% , (5-year CMT + <br> 1.58%)<sup>(a)(f)</sup><br>| &nbsp;&nbsp; 255 | 256349 |
| Council of Europe Development Bank |  |  |
| 3.63%, 01/26/28 | &nbsp;&nbsp; 975 | 978095 |
| 3.75%, 01/14/31 | &nbsp;&nbsp; 120 | 121039 |
| 4.13%, 01/24/29 | &nbsp;&nbsp; 2265 | 2307748 |
| 4.50%, 01/15/30 | &nbsp;&nbsp; 1435 | 1485708 |
| European Investment Bank |  |  |
| 0.75%, 09/23/30 | &nbsp;&nbsp; 60 | 53059 |
| 0.88%, 05/17/30 | &nbsp;&nbsp; 355 | 318694 |
| 1.25%, 02/14/31 | &nbsp;&nbsp; 1100 | 986188 |
| 1.63%, 10/09/29 | &nbsp;&nbsp; 140 | 131369 |
| 2.38%, 05/24/27 | &nbsp;&nbsp; 1440 | 1421508 |
| 3.63%, 07/15/30 | &nbsp;&nbsp; 40 | 40191 |
| 3.75%, 11/15/29 | &nbsp;&nbsp; 2000 | 2019262 |
| 3.75%, 03/13/31 | &nbsp;&nbsp; 1195 | 1206023 |
| 3.75%, 02/14/33 | &nbsp;&nbsp; 935 | 934596 |
| 3.88%, 10/15/30 | &nbsp;&nbsp; 415 | 421260 |
| 4.00%, 02/15/29 | &nbsp;&nbsp; 2025 | 2058423 |
| 4.13%, 02/13/34 | &nbsp;&nbsp; 1790 | 1826055 |
| 4.25%, 08/16/32 | &nbsp;&nbsp; 1755 | 1809953 |
| 4.25%, 02/08/36 | &nbsp;&nbsp; 1290 | 1317323 |
| 4.50%, 03/14/30 | &nbsp;&nbsp; 1250 | 1297253 |
| 4.63%, 02/12/35 | &nbsp;&nbsp; 2445 | 2571101 |
| 4.75%, 06/15/29 | &nbsp;&nbsp; 3275 | 3407734 |
| 4.88%, 02/15/36 | &nbsp;&nbsp; 1528 | 1638213 |
| Inter-American Development Bank |  |  |
| 0.63%, 09/16/27 | &nbsp;&nbsp; 1519 | 1455168 |
| 1.13%, 07/20/28 | &nbsp;&nbsp; 2363 | 2241796 |
| 1.13%, 01/13/31 | &nbsp;&nbsp; 2195 | 1959273 |
| 2.25%, 06/18/29 | &nbsp;&nbsp; 2095 | 2017175 |
| 2.38%, 07/07/27 | &nbsp;&nbsp; 1552 | 1530332 |
| 3.13%, 09/18/28 | &nbsp;&nbsp; 1155 | 1147352 |
| 3.20%, 08/07/42 | &nbsp;&nbsp; 1710 | 1434527 |
| 3.50%, 09/14/29 | &nbsp;&nbsp; 835 | 835909 |
| 3.50%, 04/12/33 | &nbsp;&nbsp; 305 | 299735 |
| 3.75%, 06/14/30 | &nbsp;&nbsp; 125 | 126142 |
| 3.88%, 10/28/41 | &nbsp;&nbsp; 1025 | 943875 |
| 4.13%, 01/23/36 | &nbsp;&nbsp; 380 | 383174 |
| 4.38%, 07/16/35 | &nbsp;&nbsp; 485 | 500212 |
| 4.38%, 01/24/44 | &nbsp;&nbsp; 830 | 802269 |
| 4.50%, 02/15/30 | &nbsp;&nbsp; 125 | 129590 |
| 4.50%, 09/13/33 | &nbsp;&nbsp; 170 | 177670 |
| International Bank for Reconstruction & <br> Development<br>|  |  |
| 0.75%, 11/24/27 | &nbsp;&nbsp; 3880 | 3707251 |
| 0.75%, 08/26/30 | &nbsp;&nbsp; 3775 | 3344748 |
| 0.88%, 05/14/30 | &nbsp;&nbsp; 3060 | 2747102 |
| 1.13%, 09/13/28 | &nbsp;&nbsp; 1930 | 1824637 |
| 1.25%, 02/10/31 | &nbsp;&nbsp; 1325 | 1188017 |
| 1.38%, 04/20/28<sup>(b)</sup> | &nbsp;&nbsp; 3585 | 3435022 |
| 1.63%, 11/03/31 | &nbsp;&nbsp; 2775 | 2490970 |
| 1.75%, 10/23/29 | &nbsp;&nbsp; 3357 | 3160568 |
| 2.50%, 11/22/27 | &nbsp;&nbsp; 5160 | 5080620 |
| 2.50%, 03/29/32 | &nbsp;&nbsp; 1345 | 1260513 |
| 3.13%, 06/15/27 | &nbsp;&nbsp; 1865 | 1856555 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| 3.50%, 07/12/28 | &nbsp;&nbsp; $1070 | $1072627 |
| 3.63%, 09/21/29<sup>(b)</sup> | &nbsp;&nbsp; 655 | 658462 |
| 3.88%, 10/16/29 | &nbsp;&nbsp; 250 | 253408 |
| 3.88%, 02/14/30 | &nbsp;&nbsp; 1440 | 1460210 |
| 3.88%, 08/28/34 | &nbsp;&nbsp; 1695 | 1692373 |
| 4.00%, 05/06/32 | &nbsp;&nbsp; 100 | 101827 |
| 4.38%, 08/27/35 | &nbsp;&nbsp; 360 | 371659 |
| 4.63%, 08/01/28 | &nbsp;&nbsp; 645 | 663347 |
| 4.63%, 01/15/32 | &nbsp;&nbsp; 195 | 204870 |
| 4.75%, 11/14/33 | &nbsp;&nbsp; 2935 | 3115585 |
| 4.75%, 02/15/35 | &nbsp;&nbsp; 1579 | 1671182 |
| Series GDIF, 5.75%, 05/02/34 | &nbsp;&nbsp; 1455 | 1459883 |
| International Finance Corp. |  |  |
| 0.75%, 08/27/30 | &nbsp;&nbsp; 1410 | 1249046 |
| 4.50%, 07/13/28 | &nbsp;&nbsp; 150 | 153727 |
| Nordic Investment Bank |  |  |
| 3.38%, 09/08/27 | &nbsp;&nbsp; 855 | 854136 |
| 3.75%, 05/09/30 | &nbsp;&nbsp; 200 | 201726 |
| 4.25%, 02/28/29 | &nbsp;&nbsp; 405 | 414353 |
|  |  | 90285767 |
| **Uruguay — 0.1%** | **Uruguay — 0.1%** | **Uruguay — 0.1%** |
| Oriental Republic of Uruguay, 5.25%, 09/10/60 | &nbsp;&nbsp; 720 | 683974 |
| Uruguay Government International Bonds |  |  |
| 4.13%, 11/20/45 | &nbsp;&nbsp; 320 | 284328 |
| 4.98%, 04/20/55 | &nbsp;&nbsp; 759 | 702738 |
| 5.10%, 06/18/50 | &nbsp;&nbsp; 820 | 787266 |
| 5.44%, 02/14/37 | &nbsp;&nbsp; 60 | 62998 |
| 5.75%, 10/28/34 | &nbsp;&nbsp; 190 | 204048 |
| 7.63%, 03/21/36 | &nbsp;&nbsp; 673 | 819092 |
|  |  | 3544444 |
| **Total Foreign Government Obligations — 3.1%** <br>**(Cost: $144,155,786)** | **Total Foreign Government Obligations — 3.1%** <br>**(Cost: $144,155,786)** | 144086368 |
| **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** |
| **Mortgage-Backed Securities — 24.3%** | **Mortgage-Backed Securities — 24.3%** | **Mortgage-Backed Securities — 24.3%** |
| Federal Home Loan Mortgage Corp. |  |  |
| 2.50%, 01/01/32 | &nbsp;&nbsp; 53 | 51694 |
| 3.00%, 05/01/29 | &nbsp;&nbsp; 1041 | 1030878 |
| 3.00%, 03/01/46 | &nbsp;&nbsp; 281 | 260497 |
| 3.00%, 09/01/46 | &nbsp;&nbsp; 261 | 244966 |
| 3.00%, 12/01/46 | &nbsp;&nbsp; 348 | 322768 |
| 3.50%, 05/01/33 | &nbsp;&nbsp; 12 | 11611 |
| 3.50%, 06/01/34 | &nbsp;&nbsp; 9 | 8445 |
| 3.50%, 03/01/38 | &nbsp;&nbsp; 21 | 20437 |
| 3.50%, 10/01/42 | &nbsp;&nbsp; 8 | 7466 |
| 3.50%, 10/01/44 | &nbsp;&nbsp; 8 | 8174 |
| 3.50%, 07/01/47 | &nbsp;&nbsp; 11 | 10410 |
| 3.50%, 09/01/47 | &nbsp;&nbsp; 10 | 9921 |
| 3.50%, 02/01/48 | &nbsp;&nbsp; 5 | 5242 |
| 3.50%, 03/01/48 | &nbsp;&nbsp; 4 | 3998 |
| 4.00%, 09/01/45 | &nbsp;&nbsp; 4 | 4106 |
| 4.00%, 01/01/48 | &nbsp;&nbsp; 282 | 276710 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 3 | 3382 |
| 4.00%, 01/01/49 | &nbsp;&nbsp; 6 | 6285 |
| 4.50%, 10/01/48 | &nbsp;&nbsp; 11 | 11280 |
| 4.50%, 01/01/49 | &nbsp;&nbsp; 2 | 2045 |
| Federal Home Loan Mortgage Corp. Multifamily <br> Structured Pass-Through Certificates<br>|  |  |
| 2.58%, 05/25/32 | &nbsp;&nbsp; 2000 | 1852311 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| Series K077, Class A2, 3.85%, 05/25/28<sup>(a)</sup> | &nbsp;&nbsp; $2000 | $2005533 |
| Series K098, Class A2, 2.43%, 08/25/29 | &nbsp;&nbsp; 3000 | 2879256 |
| Series K100, Class A2, 2.67%, 09/25/29 | &nbsp;&nbsp; 1000 | 965968 |
| Series K101, Class A2, 2.52%, 10/25/29 | &nbsp;&nbsp; 300 | 288141 |
| Series K115, Class A2, 1.38%, 06/25/30 | &nbsp;&nbsp; 1920 | 1743073 |
| Series K120, Class A2, 1.50%, 10/25/30 | &nbsp;&nbsp; 3000 | 2715166 |
| Series K128, Class A2, 2.02%, 03/25/31 | &nbsp;&nbsp; 1000 | 921799 |
| Series K154, Class A2, 3.42%, 04/25/32 | &nbsp;&nbsp; 500 | 495354 |
| Series K739, Class A2, 1.34%, 09/25/27 | &nbsp;&nbsp; 880 | 853452 |
| Federal National Mortgage Association |  |  |
| Series 2017-M11, Class A2, 2.98%, 08/25/29 | &nbsp;&nbsp; 123 | 120801 |
| Series 2017-M8, Class A2, 3.06%, 05/25/27<sup>(a)</sup> | &nbsp;&nbsp; 1249 | 1238185 |
| Series 2021-M13, Class A2, 1.60%, 04/25/31<sup>(a)</sup> | &nbsp;&nbsp; 600 | 539315 |
| Series 2021-M17, Class A2, 1.71%, 07/25/31<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 902522 |
| Government National Mortgage Association |  |  |
| 1.50%, 10/20/51 | &nbsp;&nbsp; 198 | 159983 |
| 2.00%, 07/20/50 | &nbsp;&nbsp; 61 | 51617 |
| 2.00%, 08/20/50 | &nbsp;&nbsp; 2787 | 2364787 |
| 2.00%, 09/20/50 | &nbsp;&nbsp; 6694 | 5672792 |
| 2.00%, 11/20/50 | &nbsp;&nbsp; 1388 | 1176201 |
| 2.00%, 12/20/50 | &nbsp;&nbsp; 1431 | 1212839 |
| 2.00%, 01/20/51 | &nbsp;&nbsp; 2438 | 2066195 |
| 2.00%, 02/20/51 | &nbsp;&nbsp; 3280 | 2779062 |
| 2.00%, 08/20/51 | &nbsp;&nbsp; 3428 | 2904737 |
| 2.00%, 11/20/51 | &nbsp;&nbsp; 723 | 612909 |
| 2.00%, 12/20/51 | &nbsp;&nbsp; 2683 | 2273240 |
| 2.00%, 01/20/52 | &nbsp;&nbsp; 8696 | 7368944 |
| 2.00%, 02/20/52 | &nbsp;&nbsp; 4374 | 3706354 |
| 2.00%, 03/20/52 | &nbsp;&nbsp; 1158 | 980960 |
| 2.00%, 04/20/52 | &nbsp;&nbsp; 3348 | 2837207 |
| 2.00%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 525 | 444687 |
| 2.50%, 12/20/46 | &nbsp;&nbsp; 87 | 77958 |
| 2.50%, 06/20/50 | &nbsp;&nbsp; 3149 | 2782696 |
| 2.50%, 08/20/50 | &nbsp;&nbsp; 265 | 231477 |
| 2.50%, 09/20/50 | &nbsp;&nbsp; 389 | 339618 |
| 2.50%, 01/20/51 | &nbsp;&nbsp; 984 | 869253 |
| 2.50%, 02/20/51 | &nbsp;&nbsp; 5816 | 5133456 |
| 2.50%, 05/20/51 | &nbsp;&nbsp; 694 | 612978 |
| 2.50%, 07/20/51 | &nbsp;&nbsp; 2329 | 2055628 |
| 2.50%, 08/20/51 | &nbsp;&nbsp; 6900 | 6090285 |
| 2.50%, 11/20/51 | &nbsp;&nbsp; 2467 | 2177867 |
| 2.50%, 01/20/52 | &nbsp;&nbsp; 1337 | 1180466 |
| 2.50%, 02/20/52 | &nbsp;&nbsp; 1815 | 1602183 |
| 2.50%, 03/20/52 | &nbsp;&nbsp; 6563 | 5793416 |
| 2.50%, 04/20/52 | &nbsp;&nbsp; 2666 | 2353678 |
| 2.50%, 05/20/52 | &nbsp;&nbsp; 1668 | 1472557 |
| 2.50%, 07/20/52 | &nbsp;&nbsp; 536 | 472698 |
| 2.50%, 08/20/52 | &nbsp;&nbsp; 1261 | 1113065 |
| 2.50%, 09/20/52 | &nbsp;&nbsp; 865 | 763202 |
| 2.50%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 3175 | 2801327 |
| 3.00%, 07/20/45 | &nbsp;&nbsp; 43 | 39802 |
| 3.00%, 11/20/45 | &nbsp;&nbsp; 202 | 187641 |
| 3.00%, 12/20/45 | &nbsp;&nbsp; 35 | 32260 |
| 3.00%, 01/20/46 | &nbsp;&nbsp; 18 | 16873 |
| 3.00%, 03/20/46 | &nbsp;&nbsp; 315 | 292469 |
| 3.00%, 04/20/46 | &nbsp;&nbsp; 8 | 7817 |
| 3.00%, 05/20/46 | &nbsp;&nbsp; 22 | 19995 |
| 3.00%, 08/20/46 | &nbsp;&nbsp; 263 | 244363 |
| 3.00%, 09/20/46 | &nbsp;&nbsp; 627 | 582690 |
| 3.00%, 11/20/46 | &nbsp;&nbsp; 16 | 15150 |
| 3.00%, 02/15/47 | &nbsp;&nbsp; 20 | 18805 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 03/20/47 | &nbsp;&nbsp; $7 | $6124 |
| 3.00%, 06/20/47 | &nbsp;&nbsp; 21 | 19270 |
| 3.00%, 10/20/47 | &nbsp;&nbsp; 372 | 344751 |
| 3.00%, 02/20/48 | &nbsp;&nbsp; 14 | 13139 |
| 3.00%, 04/20/49 | &nbsp;&nbsp; 666 | 617954 |
| 3.00%, 10/15/49 | &nbsp;&nbsp; 110 | 101075 |
| 3.00%, 01/20/50 | &nbsp;&nbsp; 690 | 634735 |
| 3.00%, 02/20/50 | &nbsp;&nbsp; 144 | 132233 |
| 3.00%, 07/20/50 | &nbsp;&nbsp; 1227 | 1128829 |
| 3.00%, 08/20/50 | &nbsp;&nbsp; 212 | 195388 |
| 3.00%, 12/20/50 | &nbsp;&nbsp; 927 | 852296 |
| 3.00%, 08/20/51 | &nbsp;&nbsp; 1788 | 1641405 |
| 3.00%, 09/20/51 | &nbsp;&nbsp; 1319 | 1210887 |
| 3.00%, 10/20/51 | &nbsp;&nbsp; 2497 | 2292213 |
| 3.00%, 11/20/51 | &nbsp;&nbsp; 1126 | 1033008 |
| 3.00%, 12/20/51 | &nbsp;&nbsp; 1411 | 1295191 |
| 3.00%, 02/20/52 | &nbsp;&nbsp; 2034 | 1866602 |
| 3.00%, 03/20/52 | &nbsp;&nbsp; 2110 | 1919958 |
| 3.00%, 05/20/52 | &nbsp;&nbsp; 2626 | 2408276 |
| 3.00%, 06/20/52 | &nbsp;&nbsp; 5202 | 4771179 |
| 3.00%, 07/20/52 | &nbsp;&nbsp; 720 | 659990 |
| 3.00%, 09/20/52 | &nbsp;&nbsp; 443 | 406642 |
| 3.00%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 8063 | 7394406 |
| 3.50%, 09/20/42 | &nbsp;&nbsp; 26 | 25656 |
| 3.50%, 12/20/42 | &nbsp;&nbsp; 24 | 23169 |
| 3.50%, 09/20/45 | &nbsp;&nbsp; 2052 | 1975211 |
| 3.50%, 11/20/46 | &nbsp;&nbsp; 6 | 6071 |
| 3.50%, 01/20/47 | &nbsp;&nbsp; 6 | 5823 |
| 3.50%, 06/20/47 | &nbsp;&nbsp; 5 | 5129 |
| 3.50%, 08/20/47 | &nbsp;&nbsp; 92 | 88166 |
| 3.50%, 09/20/47 | &nbsp;&nbsp; 3643 | 3499680 |
| 3.50%, 11/20/47 | &nbsp;&nbsp; 23 | 22254 |
| 3.50%, 02/20/48 | &nbsp;&nbsp; 12 | 11908 |
| 3.50%, 08/20/48 | &nbsp;&nbsp; 23 | 21666 |
| 3.50%, 01/20/49 | &nbsp;&nbsp; 10 | 9574 |
| 3.50%, 03/20/49 | &nbsp;&nbsp; 1012 | 971020 |
| 3.50%, 09/20/49 | &nbsp;&nbsp; 691 | 660017 |
| 3.50%, 10/20/49 | &nbsp;&nbsp; 485 | 463773 |
| 3.50%, 12/20/49 | &nbsp;&nbsp; 1607 | 1534823 |
| 3.50%, 01/20/50 | &nbsp;&nbsp; 449 | 429134 |
| 3.50%, 03/20/50 | &nbsp;&nbsp; 307 | 292809 |
| 3.50%, 08/20/50 | &nbsp;&nbsp; 149 | 142257 |
| 3.50%, 01/20/52 | &nbsp;&nbsp; 2031 | 1932740 |
| 3.50%, 02/20/52 | &nbsp;&nbsp; 446 | 424392 |
| 3.50%, 10/20/52 | &nbsp;&nbsp; 1161 | 1103475 |
| 3.50%, 05/20/53 | &nbsp;&nbsp; 1243 | 1187219 |
| 3.50%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 9325 | 8750345 |
| 4.00%, 04/20/47 | &nbsp;&nbsp; 46 | 45300 |
| 4.00%, 07/20/47 | &nbsp;&nbsp; 52 | 51125 |
| 4.00%, 11/20/47 | &nbsp;&nbsp; 11 | 10506 |
| 4.00%, 04/20/48 | &nbsp;&nbsp; 2 | 2033 |
| 4.00%, 05/15/48 | &nbsp;&nbsp; 3 | 3163 |
| 4.00%, 05/20/48 | &nbsp;&nbsp; 8 | 7785 |
| 4.00%, 08/20/48 | &nbsp;&nbsp; 17 | 17053 |
| 4.00%, 09/20/48 | &nbsp;&nbsp; 45 | 44065 |
| 4.00%, 11/20/48 | &nbsp;&nbsp; 509 | 498880 |
| 4.00%, 12/20/48 | &nbsp;&nbsp; 909 | 890813 |
| 4.00%, 02/20/49 | &nbsp;&nbsp; 628 | 615673 |
| 4.00%, 01/20/50 | &nbsp;&nbsp; 1808 | 1768865 |
| 4.00%, 02/20/50 | &nbsp;&nbsp; 1469 | 1437069 |
| 4.00%, 07/20/52 | &nbsp;&nbsp; 212 | 206244 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 09/20/52 | &nbsp;&nbsp; $2332 | $2266640 |
| 4.00%, 12/20/52 | &nbsp;&nbsp; 586 | 569141 |
| 4.00%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 7856 | 7556479 |
| 4.50%, 07/20/41 | &nbsp;&nbsp; 702 | 712523 |
| 4.50%, 06/20/48 | &nbsp;&nbsp; 16 | 15831 |
| 4.50%, 08/20/48 | &nbsp;&nbsp; 3 | 2589 |
| 4.50%, 09/20/48 | &nbsp;&nbsp; 190 | 190937 |
| 4.50%, 10/20/48 | &nbsp;&nbsp; 94 | 94555 |
| 4.50%, 12/20/48 | &nbsp;&nbsp; 37 | 37353 |
| 4.50%, 01/20/49 | &nbsp;&nbsp; 140 | 140892 |
| 4.50%, 03/20/49 | &nbsp;&nbsp; 1070 | 1074433 |
| 4.50%, 06/20/49 | &nbsp;&nbsp; 26 | 26175 |
| 4.50%, 07/20/49 | &nbsp;&nbsp; 11 | 10778 |
| 4.50%, 08/20/49 | &nbsp;&nbsp; 3 | 2712 |
| 4.50%, 07/20/52 | &nbsp;&nbsp; 750 | 747595 |
| 4.50%, 08/20/52 | &nbsp;&nbsp; 3328 | 3318633 |
| 4.50%, 09/20/52 | &nbsp;&nbsp; 708 | 705873 |
| 4.50%, 04/20/53 | &nbsp;&nbsp; 2824 | 2807134 |
| 4.50%, 06/20/53 | &nbsp;&nbsp; 1481 | 1471799 |
| 4.50%, 07/20/53 | &nbsp;&nbsp; 2973 | 2952662 |
| 4.50%, 10/20/54 | &nbsp;&nbsp; 1641 | 1625284 |
| 4.50%, 11/20/54 | &nbsp;&nbsp; 1740 | 1722205 |
| 4.50%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 4375 | 4323389 |
| 5.00%, 04/20/48 | &nbsp;&nbsp; 5 | 4882 |
| 5.00%, 05/20/48 | &nbsp;&nbsp; 2 | 2153 |
| 5.00%, 11/20/48 | &nbsp;&nbsp; 2 | 1595 |
| 5.00%, 12/20/48 | &nbsp;&nbsp; 3 | 3432 |
| 5.00%, 01/20/49 | &nbsp;&nbsp; 17 | 17403 |
| 5.00%, 06/20/49 | &nbsp;&nbsp; 240 | 244419 |
| 5.00%, 07/20/52 | &nbsp;&nbsp; 184 | 185986 |
| 5.00%, 09/20/52 | &nbsp;&nbsp; 1352 | 1365098 |
| 5.00%, 01/20/53 | &nbsp;&nbsp; 400 | 403799 |
| 5.00%, 04/20/53 | &nbsp;&nbsp; 1996 | 2013837 |
| 5.00%, 07/20/53 | &nbsp;&nbsp; 3481 | 3510240 |
| 5.00%, 11/20/53 | &nbsp;&nbsp; 1466 | 1477388 |
| 5.00%, 06/20/54 | &nbsp;&nbsp; 1380 | 1389111 |
| 5.00%, 09/20/54 | &nbsp;&nbsp; 515 | 517203 |
| 5.00%, 11/20/54 | &nbsp;&nbsp; 7477 | 7514639 |
| 5.00%, 12/20/54 | &nbsp;&nbsp; 4439 | 4459748 |
| 5.00%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 8077 | 8104404 |
| 5.50%, 12/20/52 | &nbsp;&nbsp; 1884 | 1927611 |
| 5.50%, 01/20/53 | &nbsp;&nbsp; 78 | 80069 |
| 5.50%, 03/20/53 | &nbsp;&nbsp; 1689 | 1725024 |
| 5.50%, 04/20/53 | &nbsp;&nbsp; 2212 | 2262227 |
| 5.50%, 05/20/53 | &nbsp;&nbsp; 495 | 506352 |
| 5.50%, 06/20/53 | &nbsp;&nbsp; 430 | 439354 |
| 5.50%, 07/20/53 | &nbsp;&nbsp; 1388 | 1419497 |
| 5.50%, 09/20/53 | &nbsp;&nbsp; 301 | 307510 |
| 5.50%, 04/20/54 | &nbsp;&nbsp; 1708 | 1738601 |
| 5.50%, 07/20/54 | &nbsp;&nbsp; 2468 | 2510673 |
| 5.50%, 08/20/54 | &nbsp;&nbsp; 3934 | 4001638 |
| 5.50%, 10/20/54 | &nbsp;&nbsp; 4355 | 4424563 |
| 5.50%, 11/20/54 | &nbsp;&nbsp; 2329 | 2366415 |
| 5.50%, 11/20/55 | &nbsp;&nbsp; 5643 | 5725075 |
| 5.50%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 9100 | 9216129 |
| 6.00%, 09/20/53 | &nbsp;&nbsp; 877 | 900691 |
| 6.00%, 10/20/53 | &nbsp;&nbsp; 1347 | 1383560 |
| 6.00%, 06/20/54 | &nbsp;&nbsp; 816 | 835530 |
| 6.00%, 07/20/54 | &nbsp;&nbsp; 1423 | 1457200 |
| 6.00%, 08/20/54 | &nbsp;&nbsp; 2856 | 2923943 |
| 6.00%, 09/20/54 | &nbsp;&nbsp; 2997 | 3068893 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.00%, 07/20/55 | &nbsp;&nbsp; $576 | $587702 |
| 6.00%, 09/20/55 | &nbsp;&nbsp; 3542 | 3616610 |
| 6.00%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 2425 | 2473644 |
| 6.50%, 10/20/53 | &nbsp;&nbsp; 1825 | 1906170 |
| 6.50%, 03/15/55<sup>(g)</sup> | &nbsp;&nbsp; 766 | 796213 |
| 6.50%, 04/15/55<sup>(g)</sup> | &nbsp;&nbsp; 925 | 960579 |
| 6.50%, 07/20/55 | &nbsp;&nbsp; 1042 | 1082877 |
| 6.50%, 08/20/55 | &nbsp;&nbsp; 1114 | 1156538 |
| 6.50%, 09/20/55 | &nbsp;&nbsp; 1033 | 1074537 |
| 6.50%, 11/20/55 | &nbsp;&nbsp; 719 | 748389 |
| Uniform Mortgage-Backed Securities |  |  |
| 1.50%, 03/01/36 | &nbsp;&nbsp; 354 | 324209 |
| 1.50%, 10/01/36 | &nbsp;&nbsp; 299 | 272600 |
| 1.50%, 11/01/36 | &nbsp;&nbsp; 195 | 178797 |
| 1.50%, 02/01/37 | &nbsp;&nbsp; 1994 | 1820342 |
| 1.50%, 03/01/37 | &nbsp;&nbsp; 2841 | 2589301 |
| 1.50%, 04/01/37 | &nbsp;&nbsp; 475 | 433008 |
| 1.50%, 08/01/37 | &nbsp;&nbsp; 267 | 243519 |
| 1.50%, 03/17/41<sup>(g)</sup> | &nbsp;&nbsp; 4631 | 4222139 |
| 1.50%, 11/01/50 | &nbsp;&nbsp; 384 | 305464 |
| 1.50%, 02/01/51 | &nbsp;&nbsp; 2903 | 2303903 |
| 1.50%, 04/01/51 | &nbsp;&nbsp; 1024 | 815035 |
| 1.50%, 05/01/51 | &nbsp;&nbsp; 1953 | 1553801 |
| 1.50%, 07/01/51 | &nbsp;&nbsp; 3933 | 3129433 |
| 1.50%, 11/01/51 | &nbsp;&nbsp; 1339 | 1063137 |
| 1.50%, 04/01/52 | &nbsp;&nbsp; 405 | 321801 |
| 2.00%, 12/01/35 | &nbsp;&nbsp; 1160 | 1086369 |
| 2.00%, 02/01/36 | &nbsp;&nbsp; 3284 | 3076824 |
| 2.00%, 03/01/36 | &nbsp;&nbsp; 908 | 849871 |
| 2.00%, 05/01/36 | &nbsp;&nbsp; 1687 | 1579147 |
| 2.00%, 06/01/36 | &nbsp;&nbsp; 1030 | 962388 |
| 2.00%, 08/01/36 | &nbsp;&nbsp; 875 | 817695 |
| 2.00%, 09/01/36 | &nbsp;&nbsp; 1508 | 1407944 |
| 2.00%, 10/01/36 | &nbsp;&nbsp; 425 | 397559 |
| 2.00%, 11/01/36 | &nbsp;&nbsp; 885 | 826735 |
| 2.00%, 12/01/36 | &nbsp;&nbsp; 1190 | 1110366 |
| 2.00%, 01/01/37 | &nbsp;&nbsp; 2699 | 2520963 |
| 2.00%, 02/01/37 | &nbsp;&nbsp; 4518 | 4212269 |
| 2.00%, 03/01/37 | &nbsp;&nbsp; 2192 | 2041400 |
| 2.00%, 04/01/37 | &nbsp;&nbsp; 6206 | 5778994 |
| 2.00%, 05/01/37 | &nbsp;&nbsp; 2406 | 2240731 |
| 2.00%, 06/01/37 | &nbsp;&nbsp; 1788 | 1665025 |
| 2.00%, 07/01/38 | &nbsp;&nbsp; 1452 | 1351805 |
| 2.00%, 03/17/41<sup>(g)</sup> | &nbsp;&nbsp; 15711 | 14637548 |
| 2.00%, 06/01/50 | &nbsp;&nbsp; 2750 | 2307730 |
| 2.00%, 07/01/50 | &nbsp;&nbsp; 1095 | 918318 |
| 2.00%, 08/01/50 | &nbsp;&nbsp; 661 | 558117 |
| 2.00%, 09/01/50 | &nbsp;&nbsp; 3293 | 2760779 |
| 2.00%, 10/01/50 | &nbsp;&nbsp; 2297 | 1926677 |
| 2.00%, 11/01/50 | &nbsp;&nbsp; 3594 | 3007732 |
| 2.00%, 12/01/50 | &nbsp;&nbsp; 6898 | 5822059 |
| 2.00%, 01/01/51 | &nbsp;&nbsp; 3178 | 2666332 |
| 2.00%, 02/01/51 | &nbsp;&nbsp; 2451 | 2052218 |
| 2.00%, 03/01/51 | &nbsp;&nbsp; 3859 | 3230643 |
| 2.00%, 04/01/51 | &nbsp;&nbsp; 10941 | 9153383 |
| 2.00%, 05/01/51 | &nbsp;&nbsp; 10710 | 8964468 |
| 2.00%, 06/01/51 | &nbsp;&nbsp; 3432 | 2879301 |
| 2.00%, 07/01/51 | &nbsp;&nbsp; 4010 | 3352297 |
| 2.00%, 08/01/51 | &nbsp;&nbsp; 4870 | 4062789 |
| 2.00%, 09/01/51 | &nbsp;&nbsp; 1560 | 1301954 |
| 2.00%, 10/01/51 | &nbsp;&nbsp; 12221 | 10220282 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.00%, 11/01/51 | &nbsp;&nbsp; $13830 | $11550323 |
| 2.00%, 12/01/51 | &nbsp;&nbsp; 5673 | 4742583 |
| 2.00%, 01/01/52 | &nbsp;&nbsp; 7778 | 6495369 |
| 2.00%, 02/01/52 | &nbsp;&nbsp; 15376 | 12801391 |
| 2.00%, 03/01/52 | &nbsp;&nbsp; 25476 | 21224232 |
| 2.00%, 04/01/52 | &nbsp;&nbsp; 4712 | 3925931 |
| 2.00%, 05/01/52 | &nbsp;&nbsp; 20139 | 16782959 |
| 2.00%, 07/01/52 | &nbsp;&nbsp; 1254 | 1044357 |
| 2.00%, 10/01/52 | &nbsp;&nbsp; 5383 | 4483224 |
| 2.00%, 03/12/56<sup>(g)</sup> | &nbsp;&nbsp; 22600 | 18718084 |
| 2.50%, 01/01/32 | &nbsp;&nbsp; 42 | 40849 |
| 2.50%, 04/01/32 | &nbsp;&nbsp; 186 | 181210 |
| 2.50%, 06/01/32 | &nbsp;&nbsp; 76 | 73743 |
| 2.50%, 01/01/33 | &nbsp;&nbsp; 29 | 28367 |
| 2.50%, 11/01/34 | &nbsp;&nbsp; 263 | 252368 |
| 2.50%, 07/01/35 | &nbsp;&nbsp; 364 | 349594 |
| 2.50%, 10/01/35 | &nbsp;&nbsp; 1536 | 1473874 |
| 2.50%, 03/01/36 | &nbsp;&nbsp; 634 | 607734 |
| 2.50%, 05/01/36 | &nbsp;&nbsp; 1319 | 1261764 |
| 2.50%, 06/01/36 | &nbsp;&nbsp; 333 | 318195 |
| 2.50%, 07/01/36 | &nbsp;&nbsp; 1286 | 1229793 |
| 2.50%, 08/01/36 | &nbsp;&nbsp; 1556 | 1486853 |
| 2.50%, 03/01/37 | &nbsp;&nbsp; 727 | 692774 |
| 2.50%, 04/01/37 | &nbsp;&nbsp; 1724 | 1644209 |
| 2.50%, 05/01/37 | &nbsp;&nbsp; 1580 | 1505894 |
| 2.50%, 06/01/37 | &nbsp;&nbsp; 662 | 631082 |
| 2.50%, 03/17/41<sup>(g)</sup> | &nbsp;&nbsp; 8188 | 7805599 |
| 2.50%, 04/01/47 | &nbsp;&nbsp; 11 | 9632 |
| 2.50%, 05/01/50 | &nbsp;&nbsp; 1945 | 1707742 |
| 2.50%, 06/01/50 | &nbsp;&nbsp; 74 | 64299 |
| 2.50%, 07/01/50 | &nbsp;&nbsp; 185 | 163763 |
| 2.50%, 08/01/50 | &nbsp;&nbsp; 200 | 176692 |
| 2.50%, 09/01/50 | &nbsp;&nbsp; 1277 | 1124732 |
| 2.50%, 10/01/50 | &nbsp;&nbsp; 490 | 430412 |
| 2.50%, 11/01/50 | &nbsp;&nbsp; 6134 | 5410638 |
| 2.50%, 12/01/50 | &nbsp;&nbsp; 5752 | 4996826 |
| 2.50%, 01/01/51 | &nbsp;&nbsp; 873 | 763635 |
| 2.50%, 02/01/51 | &nbsp;&nbsp; 1394 | 1220924 |
| 2.50%, 03/01/51 | &nbsp;&nbsp; 1587 | 1391403 |
| 2.50%, 04/01/51 | &nbsp;&nbsp; 255 | 221606 |
| 2.50%, 07/01/51 | &nbsp;&nbsp; 4072 | 3556151 |
| 2.50%, 08/01/51 | &nbsp;&nbsp; 7675 | 6734934 |
| 2.50%, 09/01/51 | &nbsp;&nbsp; 11101 | 9693394 |
| 2.50%, 10/01/51 | &nbsp;&nbsp; 12393 | 10867279 |
| 2.50%, 11/01/51 | &nbsp;&nbsp; 5196 | 4539424 |
| 2.50%, 12/01/51 | &nbsp;&nbsp; 15930 | 13918357 |
| 2.50%, 01/01/52 | &nbsp;&nbsp; 15080 | 13173571 |
| 2.50%, 02/01/52 | &nbsp;&nbsp; 13295 | 11586159 |
| 2.50%, 03/01/52 | &nbsp;&nbsp; 5854 | 5100636 |
| 2.50%, 04/01/52 | &nbsp;&nbsp; 8502 | 7395625 |
| 2.50%, 05/01/52 | &nbsp;&nbsp; 1770 | 1542712 |
| 2.50%, 07/01/52 | &nbsp;&nbsp; 3720 | 3240274 |
| 2.50%, 01/01/54 | &nbsp;&nbsp; 1001 | 873568 |
| 2.50%, 03/12/56<sup>(g)</sup> | &nbsp;&nbsp; 18075 | 15658228 |
| 3.00%, 03/01/30 | &nbsp;&nbsp; 352 | 348941 |
| 3.00%, 01/01/31 | &nbsp;&nbsp; 20 | 19687 |
| 3.00%, 08/01/32 | &nbsp;&nbsp; 47 | 45626 |
| 3.00%, 10/01/33 | &nbsp;&nbsp; 20 | 19160 |
| 3.00%, 07/01/34 | &nbsp;&nbsp; 5 | 4465 |
| 3.00%, 09/01/34 | &nbsp;&nbsp; 33 | 31975 |
| 3.00%, 11/01/34 | &nbsp;&nbsp; 17 | 16606 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 12/01/34 | &nbsp;&nbsp; $40 | $38871 |
| 3.00%, 03/01/35 | &nbsp;&nbsp; 125 | 121870 |
| 3.00%, 07/01/35 | &nbsp;&nbsp; 101 | 97941 |
| 3.00%, 10/01/35 | &nbsp;&nbsp; 337 | 328288 |
| 3.00%, 04/01/37 | &nbsp;&nbsp; 974 | 943157 |
| 3.00%, 07/01/37 | &nbsp;&nbsp; 558 | 542263 |
| 3.00%, 11/01/38 | &nbsp;&nbsp; 4361 | 4222806 |
| 3.00%, 03/17/41<sup>(g)</sup> | &nbsp;&nbsp; 3893 | 3768838 |
| 3.00%, 07/01/46 | &nbsp;&nbsp; 343 | 318670 |
| 3.00%, 11/01/46 | &nbsp;&nbsp; 709 | 657246 |
| 3.00%, 12/01/46 | &nbsp;&nbsp; 341 | 315658 |
| 3.00%, 12/01/47 | &nbsp;&nbsp; 150 | 138460 |
| 3.00%, 01/01/48 | &nbsp;&nbsp; 53 | 48693 |
| 3.00%, 03/01/48 | &nbsp;&nbsp; 949 | 876418 |
| 3.00%, 11/01/48 | &nbsp;&nbsp; 102 | 94670 |
| 3.00%, 02/01/49 | &nbsp;&nbsp; 3456 | 3214192 |
| 3.00%, 09/01/49 | &nbsp;&nbsp; 8 | 7387 |
| 3.00%, 11/01/49 | &nbsp;&nbsp; 6 | 5767 |
| 3.00%, 12/01/49 | &nbsp;&nbsp; 76 | 69951 |
| 3.00%, 02/01/50 | &nbsp;&nbsp; 1432 | 1309004 |
| 3.00%, 03/01/50 | &nbsp;&nbsp; 126 | 115839 |
| 3.00%, 04/01/50 | &nbsp;&nbsp; 56 | 51816 |
| 3.00%, 06/01/50 | &nbsp;&nbsp; 3044 | 2768301 |
| 3.00%, 07/01/50 | &nbsp;&nbsp; 1987 | 1817389 |
| 3.00%, 08/01/50 | &nbsp;&nbsp; 1525 | 1404935 |
| 3.00%, 09/01/50 | &nbsp;&nbsp; 462 | 420698 |
| 3.00%, 10/01/50 | &nbsp;&nbsp; 3485 | 3172505 |
| 3.00%, 11/01/50 | &nbsp;&nbsp; 808 | 738313 |
| 3.00%, 12/01/50 | &nbsp;&nbsp; 375 | 342466 |
| 3.00%, 01/01/51 | &nbsp;&nbsp; 991 | 907872 |
| 3.00%, 04/01/51 | &nbsp;&nbsp; 6391 | 5782274 |
| 3.00%, 05/01/51 | &nbsp;&nbsp; 2734 | 2504410 |
| 3.00%, 06/01/51 | &nbsp;&nbsp; 8684 | 7923453 |
| 3.00%, 07/01/51 | &nbsp;&nbsp; 3952 | 3610354 |
| 3.00%, 08/01/51 | &nbsp;&nbsp; 787 | 722561 |
| 3.00%, 11/01/51 | &nbsp;&nbsp; 444 | 404351 |
| 3.00%, 01/01/52 | &nbsp;&nbsp; 3146 | 2846060 |
| 3.00%, 02/01/52 | &nbsp;&nbsp; 1936 | 1767955 |
| 3.00%, 03/01/52 | &nbsp;&nbsp; 6218 | 5663955 |
| 3.00%, 04/01/52 | &nbsp;&nbsp; 7938 | 7239646 |
| 3.00%, 05/01/52 | &nbsp;&nbsp; 3627 | 3299930 |
| 3.00%, 07/01/52 | &nbsp;&nbsp; 2196 | 1991233 |
| 3.00%, 03/12/56<sup>(g)</sup> | &nbsp;&nbsp; 6550 | 5922432 |
| 3.50%, 06/01/33 | &nbsp;&nbsp; 12 | 11821 |
| 3.50%, 11/01/33 | &nbsp;&nbsp; 9 | 9352 |
| 3.50%, 02/01/34 | &nbsp;&nbsp; 237 | 234532 |
| 3.50%, 07/01/34 | &nbsp;&nbsp; 4 | 3488 |
| 3.50%, 08/01/34 | &nbsp;&nbsp; 7 | 7216 |
| 3.50%, 01/01/35 | &nbsp;&nbsp; 10 | 10120 |
| 3.50%, 11/01/38 | &nbsp;&nbsp; 4396 | 4318164 |
| 3.50%, 03/17/41<sup>(g)</sup> | &nbsp;&nbsp; 1072 | 1048327 |
| 3.50%, 09/01/42 | &nbsp;&nbsp; 1971 | 1906669 |
| 3.50%, 07/01/45 | &nbsp;&nbsp; 3378 | 3236364 |
| 3.50%, 08/01/45 | &nbsp;&nbsp; 34 | 32446 |
| 3.50%, 01/01/46 | &nbsp;&nbsp; 76 | 73424 |
| 3.50%, 09/01/46 | &nbsp;&nbsp; 311 | 299554 |
| 3.50%, 01/01/47 | &nbsp;&nbsp; 45 | 43352 |
| 3.50%, 07/01/47 | &nbsp;&nbsp; 1491 | 1438491 |
| 3.50%, 08/01/47 | &nbsp;&nbsp; 9 | 9048 |
| 3.50%, 10/01/47 | &nbsp;&nbsp; 884 | 843980 |
| 3.50%, 11/01/47 | &nbsp;&nbsp; 218 | 207803 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 01/01/48 | &nbsp;&nbsp; $1640 | $1566190 |
| 3.50%, 02/01/48 | &nbsp;&nbsp; 667 | 637304 |
| 3.50%, 04/01/48 | &nbsp;&nbsp; 52 | 49266 |
| 3.50%, 07/01/48 | &nbsp;&nbsp; 138 | 132806 |
| 3.50%, 11/01/48 | &nbsp;&nbsp; 8 | 7925 |
| 3.50%, 01/01/49 | &nbsp;&nbsp; 92 | 87423 |
| 3.50%, 02/01/49 | &nbsp;&nbsp; 230 | 220919 |
| 3.50%, 03/01/49 | &nbsp;&nbsp; 656 | 626624 |
| 3.50%, 06/01/49 | &nbsp;&nbsp; 2166 | 2065145 |
| 3.50%, 08/01/49 | &nbsp;&nbsp; 823 | 785821 |
| 3.50%, 09/01/49 | &nbsp;&nbsp; 1779 | 1691858 |
| 3.50%, 04/01/50 | &nbsp;&nbsp; 129 | 123036 |
| 3.50%, 05/01/50 | &nbsp;&nbsp; 4348 | 4145703 |
| 3.50%, 06/01/50 | &nbsp;&nbsp; 250 | 237773 |
| 3.50%, 07/01/50 | &nbsp;&nbsp; 382 | 363542 |
| 3.50%, 02/01/51 | &nbsp;&nbsp; 3652 | 3473656 |
| 3.50%, 10/01/51 | &nbsp;&nbsp; 683 | 650951 |
| 3.50%, 04/01/52 | &nbsp;&nbsp; 4180 | 3962541 |
| 3.50%, 05/01/52 | &nbsp;&nbsp; 10252 | 9702202 |
| 3.50%, 06/01/52 | &nbsp;&nbsp; 4695 | 4459698 |
| 3.50%, 07/01/52 | &nbsp;&nbsp; 1682 | 1590039 |
| 3.50%, 03/12/56<sup>(g)</sup> | &nbsp;&nbsp; 7028 | 6622347 |
| 4.00%, 07/01/33 | &nbsp;&nbsp; 7 | 7454 |
| 4.00%, 08/01/37 | &nbsp;&nbsp; 163 | 162052 |
| 4.00%, 09/01/37 | &nbsp;&nbsp; 214 | 213742 |
| 4.00%, 11/01/37 | &nbsp;&nbsp; 311 | 310080 |
| 4.00%, 02/01/38 | &nbsp;&nbsp; 160 | 159939 |
| 4.00%, 05/01/38 | &nbsp;&nbsp; 143 | 142023 |
| 4.00%, 11/01/38 | &nbsp;&nbsp; 87 | 86462 |
| 4.00%, 11/01/39 | &nbsp;&nbsp; 1267 | 1257739 |
| 4.00%, 12/01/39 | &nbsp;&nbsp; 2951 | 2929658 |
| 4.00%, 03/15/40<sup>(g)</sup> | &nbsp;&nbsp; 2750 | 2726249 |
| 4.00%, 08/01/40 | &nbsp;&nbsp; 152 | 150714 |
| 4.00%, 01/01/46 | &nbsp;&nbsp; 207 | 205012 |
| 4.00%, 10/01/46 | &nbsp;&nbsp; 6 | 6364 |
| 4.00%, 07/01/47 | &nbsp;&nbsp; 1394 | 1367930 |
| 4.00%, 08/01/47 | &nbsp;&nbsp; 264 | 261449 |
| 4.00%, 09/01/47 | &nbsp;&nbsp; 317 | 310461 |
| 4.00%, 05/01/48 | &nbsp;&nbsp; 1860 | 1825865 |
| 4.00%, 09/01/48 | &nbsp;&nbsp; 2083 | 2045019 |
| 4.00%, 10/01/48 | &nbsp;&nbsp; 4 | 4029 |
| 4.00%, 12/01/48 | &nbsp;&nbsp; 2 | 2077 |
| 4.00%, 01/01/49 | &nbsp;&nbsp; 1129 | 1108339 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 1289 | 1264594 |
| 4.00%, 05/01/49 | &nbsp;&nbsp; 12 | 12007 |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 13 | 12405 |
| 4.00%, 07/01/49 | &nbsp;&nbsp; 1714 | 1682668 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 229 | 224197 |
| 4.00%, 12/01/49 | &nbsp;&nbsp; 7 | 7125 |
| 4.00%, 01/01/50 | &nbsp;&nbsp; 69 | 67898 |
| 4.00%, 04/01/50 | &nbsp;&nbsp; 1520 | 1493333 |
| 4.00%, 05/01/50 | &nbsp;&nbsp; 908 | 889638 |
| 4.00%, 05/01/51 | &nbsp;&nbsp; 221 | 217059 |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 519 | 506715 |
| 4.00%, 05/01/52 | &nbsp;&nbsp; 1204 | 1176149 |
| 4.00%, 06/01/52 | &nbsp;&nbsp; 1387 | 1352077 |
| 4.00%, 07/01/52 | &nbsp;&nbsp; 3044 | 2968820 |
| 4.00%, 08/01/52 | &nbsp;&nbsp; 3243 | 3163372 |
| 4.00%, 09/01/52 | &nbsp;&nbsp; 484 | 471760 |
| 4.00%, 10/01/52 | &nbsp;&nbsp; 592 | 580846 |
| 4.00%, 12/01/52 | &nbsp;&nbsp; 4352 | 4237445 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 02/01/53 | &nbsp;&nbsp; $3495 | $3433971 |
| 4.00%, 06/01/54 | &nbsp;&nbsp; 1627 | 1581463 |
| 4.00%, 03/12/56<sup>(g)</sup> | &nbsp;&nbsp; 10375 | 10082563 |
| 4.50%, 03/15/40<sup>(g)</sup> | &nbsp;&nbsp; 25 | 25105 |
| 4.50%, 10/01/47 | &nbsp;&nbsp; 7 | 7402 |
| 4.50%, 08/01/48 | &nbsp;&nbsp; 18 | 17836 |
| 4.50%, 10/01/48 | &nbsp;&nbsp; 329 | 330034 |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 14 | 14458 |
| 4.50%, 12/01/48 | &nbsp;&nbsp; 16 | 16785 |
| 4.50%, 01/01/49 | &nbsp;&nbsp; 52 | 51837 |
| 4.50%, 02/01/49 | &nbsp;&nbsp; 69 | 68767 |
| 4.50%, 04/01/49 | &nbsp;&nbsp; 129 | 129741 |
| 4.50%, 05/01/49 | &nbsp;&nbsp; 9 | 8683 |
| 4.50%, 09/01/50 | &nbsp;&nbsp; 1025 | 1027911 |
| 4.50%, 05/01/52 | &nbsp;&nbsp; 350 | 350236 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 7521 | 7470506 |
| 4.50%, 07/01/52 | &nbsp;&nbsp; 183 | 182238 |
| 4.50%, 08/01/52 | &nbsp;&nbsp; 1515 | 1506787 |
| 4.50%, 09/01/52 | &nbsp;&nbsp; 3338 | 3323215 |
| 4.50%, 10/01/52 | &nbsp;&nbsp; 7422 | 7392470 |
| 4.50%, 11/01/52 | &nbsp;&nbsp; 925 | 918476 |
| 4.50%, 12/01/52 | &nbsp;&nbsp; 3703 | 3697475 |
| 4.50%, 08/01/53 | &nbsp;&nbsp; 852 | 848943 |
| 4.50%, 03/01/55 | &nbsp;&nbsp; 3176 | 3142045 |
| 4.50%, 03/12/56<sup>(g)</sup> | &nbsp;&nbsp; 8720 | 8622774 |
| 5.00%, 06/01/48 | &nbsp;&nbsp; 102 | 105410 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 9 | 8941 |
| 5.00%, 12/01/49 | &nbsp;&nbsp; 299 | 307664 |
| 5.00%, 08/01/52 | &nbsp;&nbsp; 336 | 340808 |
| 5.00%, 09/01/52 | &nbsp;&nbsp; 709 | 722441 |
| 5.00%, 10/01/52 | &nbsp;&nbsp; 705 | 715518 |
| 5.00%, 11/01/52 | &nbsp;&nbsp; 1660 | 1683944 |
| 5.00%, 12/01/52 | &nbsp;&nbsp; 955 | 972580 |
| 5.00%, 01/01/53 | &nbsp;&nbsp; 6627 | 6719971 |
| 5.00%, 02/01/53 | &nbsp;&nbsp; 133 | 134392 |
| 5.00%, 03/01/53 | &nbsp;&nbsp; 482 | 491304 |
| 5.00%, 04/01/53 | &nbsp;&nbsp; 1870 | 1890303 |
| 5.00%, 05/01/53 | &nbsp;&nbsp; 547 | 551213 |
| 5.00%, 06/01/53 | &nbsp;&nbsp; 1249 | 1271048 |
| 5.00%, 08/01/53 | &nbsp;&nbsp; 5820 | 5869062 |
| 5.00%, 02/01/54 | &nbsp;&nbsp; 1986 | 2000414 |
| 5.00%, 10/01/54 | &nbsp;&nbsp; 4152 | 4173471 |
| 5.00%, 11/01/54 | &nbsp;&nbsp; 5361 | 5390779 |
| 5.00%, 12/01/54 | &nbsp;&nbsp; 1256 | 1263421 |
| 5.00%, 01/01/55 | &nbsp;&nbsp; 3214 | 3236184 |
| 5.00%, 11/01/55 | &nbsp;&nbsp; 1737 | 1758144 |
| 5.00%, 12/01/55 | &nbsp;&nbsp; 3986 | 4024669 |
| 5.00%, 01/01/56 | &nbsp;&nbsp; 2216 | 2231778 |
| 5.00%, 03/01/56 | &nbsp;&nbsp; 644 | 648244 |
| 5.00%, 03/15/56<sup>(g)</sup> | &nbsp;&nbsp; 13825 | 13887011 |
| 5.50%, 09/01/52 | &nbsp;&nbsp; 378 | 392262 |
| 5.50%, 11/01/52 | &nbsp;&nbsp; 1158 | 1189030 |
| 5.50%, 12/01/52 | &nbsp;&nbsp; 1960 | 2022128 |
| 5.50%, 01/01/53 | &nbsp;&nbsp; 2815 | 2900320 |
| 5.50%, 02/01/53 | &nbsp;&nbsp; 2966 | 3034066 |
| 5.50%, 03/01/53 | &nbsp;&nbsp; 2872 | 2949572 |
| 5.50%, 04/01/53 | &nbsp;&nbsp; 5283 | 5425934 |
| 5.50%, 05/01/53 | &nbsp;&nbsp; 6333 | 6461334 |
| 5.50%, 06/01/53 | &nbsp;&nbsp; 465 | 480520 |
| 5.50%, 07/01/53 | &nbsp;&nbsp; 1681 | 1731757 |
| 5.50%, 08/01/53 | &nbsp;&nbsp; 1795 | 1829104 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 09/01/53 | &nbsp;&nbsp; $3122 | $3178387 |
| 5.50%, 03/01/54 | &nbsp;&nbsp; 3831 | 3910341 |
| 5.50%, 04/01/54 | &nbsp;&nbsp; 915 | 939003 |
| 5.50%, 05/01/54 | &nbsp;&nbsp; 1930 | 1972590 |
| 5.50%, 06/01/54 | &nbsp;&nbsp; 1432 | 1457153 |
| 5.50%, 08/01/54 | &nbsp;&nbsp; 2204 | 2256623 |
| 5.50%, 10/01/54 | &nbsp;&nbsp; 2010 | 2044049 |
| 5.50%, 11/01/54 | &nbsp;&nbsp; 3846 | 3951278 |
| 5.50%, 03/01/55 | &nbsp;&nbsp; 819 | 838610 |
| 5.50%, 04/01/55 | &nbsp;&nbsp; 1681 | 1719966 |
| 5.50%, 05/01/55 | &nbsp;&nbsp; 550 | 560958 |
| 5.50%, 07/01/55<sup>(a)</sup> | &nbsp;&nbsp; 844 | 861543 |
| 5.50%, 08/01/55 | &nbsp;&nbsp; 2993 | 3060511 |
| 5.50%, 09/01/55 | &nbsp;&nbsp; 12432 | 12710273 |
| 5.50%, 10/01/55 | &nbsp;&nbsp; 1370 | 1404222 |
| 5.50%, 11/01/55 | &nbsp;&nbsp; 2692 | 2757565 |
| 5.50%, 12/01/55 | &nbsp;&nbsp; 1380 | 1417162 |
| 5.50%, 01/01/56 | &nbsp;&nbsp; 892 | 914620 |
| 5.50%, 02/01/56 | &nbsp;&nbsp; 798 | 817068 |
| 5.50%, 03/01/56 | &nbsp;&nbsp; 214 | 219175 |
| 5.50%, 03/12/56<sup>(g)</sup> | &nbsp;&nbsp; 6051 | 6148014 |
| 6.00%, 12/01/52 | &nbsp;&nbsp; 125 | 129795 |
| 6.00%, 01/01/53 | &nbsp;&nbsp; 388 | 409574 |
| 6.00%, 02/01/53 | &nbsp;&nbsp; 806 | 831408 |
| 6.00%, 06/01/53 | &nbsp;&nbsp; 229 | 237881 |
| 6.00%, 07/01/53 | &nbsp;&nbsp; 903 | 927945 |
| 6.00%, 08/01/53 | &nbsp;&nbsp; 5331 | 5559048 |
| 6.00%, 09/01/53 | &nbsp;&nbsp; 3092 | 3196558 |
| 6.00%, 11/01/53 | &nbsp;&nbsp; 2589 | 2675041 |
| 6.00%, 12/01/53 | &nbsp;&nbsp; 717 | 744805 |
| 6.00%, 01/01/54 | &nbsp;&nbsp; 1413 | 1454812 |
| 6.00%, 02/01/54 | &nbsp;&nbsp; 320 | 332891 |
| 6.00%, 03/01/54 | &nbsp;&nbsp; 559 | 574873 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 1612 | 1667960 |
| 6.00%, 05/01/54 | &nbsp;&nbsp; 4801 | 4979159 |
| 6.00%, 07/01/54 | &nbsp;&nbsp; 566 | 588949 |
| 6.00%, 08/01/54 | &nbsp;&nbsp; 4817 | 4982131 |
| 6.00%, 09/01/54 | &nbsp;&nbsp; 2675 | 2780987 |
| 6.00%, 10/01/54 | &nbsp;&nbsp; 2197 | 2256541 |
| 6.00%, 02/01/55 | &nbsp;&nbsp; 1302 | 1346604 |
| 6.00%, 03/01/55 | &nbsp;&nbsp; 3553 | 3674629 |
| 6.00%, 03/15/55<sup>(g)</sup> | &nbsp;&nbsp; 8425 | 8641424 |
| 6.00%, 04/01/55 | &nbsp;&nbsp; 3434 | 3537935 |
| 6.00%, 05/01/55 | &nbsp;&nbsp; 1367 | 1404890 |
| 6.00%, 06/01/55 | &nbsp;&nbsp; 1552 | 1606453 |
| 6.00%, 07/01/55 | &nbsp;&nbsp; 5256 | 5415975 |
| 6.00%, 08/01/55 | &nbsp;&nbsp; 2429 | 2502319 |
| 6.00%, 09/01/55 | &nbsp;&nbsp; 2564 | 2638670 |
| 6.00%, 12/01/55 | &nbsp;&nbsp; 764 | 793979 |
| 6.50%, 10/01/53 | &nbsp;&nbsp; 3217 | 3385650 |
| 6.50%, 11/01/53 | &nbsp;&nbsp; 2090 | 2176103 |
| 6.50%, 12/01/53 | &nbsp;&nbsp; 3372 | 3547463 |
| 6.50%, 01/01/54 | &nbsp;&nbsp; 2919 | 3074697 |
| 6.50%, 02/01/54 | &nbsp;&nbsp; 938 | 989930 |
| 6.50%, 03/01/54 | &nbsp;&nbsp; 2829 | 2958517 |
| 6.50%, 04/01/54 | &nbsp;&nbsp; 578 | 610408 |
| 6.50%, 07/01/54 | &nbsp;&nbsp; 632 | 664460 |
| 6.50%, 08/01/54 | &nbsp;&nbsp; 2808 | 2939759 |
| 6.50%, 09/01/54 | &nbsp;&nbsp; 1280 | 1342564 |
| 6.50%, 01/01/55 | &nbsp;&nbsp; 1743 | 1824376 |
| 6.50%, 02/01/55 | &nbsp;&nbsp; 1864 | 1954082 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.50%, 03/15/55<sup>(g)</sup> | &nbsp;&nbsp; $700 | $727026 |
| 6.50%, 04/01/55 | &nbsp;&nbsp; 1148 | 1199704 |
| 6.50%, 07/01/55 | &nbsp;&nbsp; 386 | 403938 |
| 6.50%, 07/01/55<sup>(a)</sup> | &nbsp;&nbsp; 1766 | 1848063 |
| 6.50%, 08/01/55 | &nbsp;&nbsp; 964 | 1015411 |
| 6.50%, 09/01/55 | &nbsp;&nbsp; 637 | 669301 |
|  |  | 1126404053 |
| **U.S. Government Agency Obligations — 0.1%** | **U.S. Government Agency Obligations — 0.1%** | **U.S. Government Agency Obligations — 0.1%** |
| Federal National Mortgage Association |  |  |
| 5.63%, 07/15/37 | &nbsp;&nbsp; 2142 | 2410576 |
| 6.21%, 08/06/38 | &nbsp;&nbsp; 110 | 130636 |
| 6.63%, 11/15/30 | &nbsp;&nbsp; 440 | 498251 |
| 7.13%, 01/15/30 | &nbsp;&nbsp; 750 | 847531 |
|  |  | 3886994 |
| **U.S. Government Obligations — 45.1%** | **U.S. Government Obligations — 45.1%** | **U.S. Government Obligations — 45.1%** |
| U.S. Treasury Bonds |  |  |
| 1.13%, 05/15/40 | &nbsp;&nbsp; 7410 | 4863970 |
| 1.13%, 08/15/40 | &nbsp;&nbsp; 10130 | 6584500 |
| 1.25%, 05/15/50 | &nbsp;&nbsp; 7410 | 3711947 |
| 1.38%, 11/15/40 | &nbsp;&nbsp; 7971 | 5353025 |
| 1.38%, 08/15/50 | &nbsp;&nbsp; 7620 | 3923109 |
| 1.63%, 11/15/50 | &nbsp;&nbsp; 7649 | 4197389 |
| 1.75%, 08/15/41 | &nbsp;&nbsp; 13627 | 9515479 |
| 1.88%, 02/15/41 | &nbsp;&nbsp; 14019 | 10119966 |
| 1.88%, 02/15/51 | &nbsp;&nbsp; 10760 | 6277787 |
| 1.88%, 11/15/51 | &nbsp;&nbsp; 12126 | 6998976 |
| 2.00%, 11/15/41 | &nbsp;&nbsp; 12166 | 8780430 |
| 2.00%, 02/15/50 | &nbsp;&nbsp; 4450 | 2721453 |
| 2.00%, 08/15/51 | &nbsp;&nbsp; 12748 | 7624897 |
| 2.25%, 05/15/41 | &nbsp;&nbsp; 9544 | 7250457 |
| 2.25%, 08/15/46 | &nbsp;&nbsp; 6855 | 4689248 |
| 2.25%, 08/15/49 | &nbsp;&nbsp; 3400 | 2218500 |
| 2.25%, 02/15/52 | &nbsp;&nbsp; 11167 | 7064872 |
| 2.38%, 02/15/42 | &nbsp;&nbsp; 9330 | 7095326 |
| 2.38%, 11/15/49 | &nbsp;&nbsp; 3690 | 2466534 |
| 2.38%, 05/15/51 | &nbsp;&nbsp; 10894 | 7152592 |
| 2.50%, 02/15/45 | &nbsp;&nbsp; 2250 | 1651289 |
| 2.50%, 02/15/46 | &nbsp;&nbsp; 6050 | 4372070 |
| 2.50%, 05/15/46 | &nbsp;&nbsp; 4950 | 3564000 |
| 2.75%, 08/15/42 | &nbsp;&nbsp; 1475 | 1176313 |
| 2.75%, 11/15/42 | &nbsp;&nbsp; 3425 | 2718059 |
| 2.75%, 08/15/47 | &nbsp;&nbsp; 4300 | 3188047 |
| 2.75%, 11/15/47 | &nbsp;&nbsp; 5500 | 4066563 |
| 2.88%, 05/15/43 | &nbsp;&nbsp; 1600 | 1283000 |
| 2.88%, 08/15/45 | &nbsp;&nbsp; 3395 | 2639082 |
| 2.88%, 11/15/46 | &nbsp;&nbsp; 3800 | 2911156 |
| 2.88%, 05/15/49 | &nbsp;&nbsp; 1435 | 1068851 |
| 2.88%, 05/15/52 | &nbsp;&nbsp; 8633 | 6272414 |
| 3.00%, 05/15/42 | &nbsp;&nbsp; 170 | 141206 |
| 3.00%, 11/15/44 | &nbsp;&nbsp; 1600 | 1281000 |
| 3.00%, 05/15/45 | &nbsp;&nbsp; 1665 | 1325756 |
| 3.00%, 11/15/45 | &nbsp;&nbsp; 4316 | 3415709 |
| 3.00%, 02/15/47 | &nbsp;&nbsp; 4475 | 3493996 |
| 3.00%, 05/15/47 | &nbsp;&nbsp; 3900 | 3035297 |
| 3.00%, 02/15/48 | &nbsp;&nbsp; 11765 | 9082948 |
| 3.00%, 08/15/48 | &nbsp;&nbsp; 3855 | 2961724 |
| 3.00%, 02/15/49 | &nbsp;&nbsp; 2225 | 1701082 |
| 3.00%, 08/15/52 | &nbsp;&nbsp; 8700 | 6478781 |
| 3.13%, 11/15/41 | &nbsp;&nbsp; 825 | 703055 |
| 3.13%, 02/15/42 | &nbsp;&nbsp; 1000 | 848438 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 3.13%, 02/15/43 | &nbsp;&nbsp; $2500 | $2087891 |
| 3.13%, 08/15/44 | &nbsp;&nbsp; 1600 | 1310750 |
| 3.13%, 05/15/48 | &nbsp;&nbsp; 10450 | 8231008 |
| 3.25%, 05/15/42 | &nbsp;&nbsp; 7386 | 6349308 |
| 3.38%, 08/15/42 | &nbsp;&nbsp; 4913 | 4281219 |
| 3.38%, 05/15/44 | &nbsp;&nbsp; 1020 | 870347 |
| 3.38%, 11/15/48 | &nbsp;&nbsp; 8400 | 6886687 |
| 3.50%, 02/15/39 | &nbsp;&nbsp; 1350 | 1260984 |
| 3.63%, 08/15/43 | &nbsp;&nbsp; 1225 | 1091398 |
| 3.63%, 02/15/44 | &nbsp;&nbsp; 720 | 638438 |
| 3.63%, 02/15/53 | &nbsp;&nbsp; 12593 | 10572217 |
| 3.63%, 05/15/53 | &nbsp;&nbsp; 10610 | 8902453 |
| 3.75%, 11/15/43 | &nbsp;&nbsp; 300 | 271172 |
| 3.88%, 08/15/40 | &nbsp;&nbsp; 300 | 285375 |
| 3.88%, 02/15/43 | &nbsp;&nbsp; 5119 | 4743073 |
| 3.88%, 05/15/43 | &nbsp;&nbsp; 5452 | 5039693 |
| 4.00%, 11/15/42 | &nbsp;&nbsp; 5300 | 5000219 |
| 4.00%, 11/15/52 | &nbsp;&nbsp; 8662 | 7783619 |
| 4.13%, 08/15/44 | &nbsp;&nbsp; 6349 | 6012701 |
| 4.13%, 08/15/53 | &nbsp;&nbsp; 9163 | 8407052 |
| 4.25%, 05/15/39 | &nbsp;&nbsp; 1200 | 1204875 |
| 4.25%, 11/15/40 | &nbsp;&nbsp; 250 | 247461 |
| 4.25%, 02/15/54 | &nbsp;&nbsp; 12286 | 11508527 |
| 4.25%, 08/15/54 | &nbsp;&nbsp; 12502 | 11714765 |
| 4.38%, 02/15/38 | &nbsp;&nbsp; 2400 | 2472750 |
| 4.38%, 11/15/39 | &nbsp;&nbsp; 150 | 151688 |
| 4.38%, 05/15/40 | &nbsp;&nbsp; 250 | 251953 |
| 4.38%, 05/15/41 | &nbsp;&nbsp; 500 | 500391 |
| 4.38%, 08/15/43 | &nbsp;&nbsp; 7067 | 6952161 |
| 4.50%, 02/15/36 | &nbsp;&nbsp; 900 | 944016 |
| 4.50%, 05/15/38 | &nbsp;&nbsp; 6052 | 6294080 |
| 4.50%, 08/15/39 | &nbsp;&nbsp; 2000 | 2051875 |
| 4.50%, 02/15/44 | &nbsp;&nbsp; 6187 | 6168632 |
| 4.50%, 11/15/54 | &nbsp;&nbsp; 8916 | 8711211 |
| 4.63%, 02/15/40 | &nbsp;&nbsp; 250 | 258945 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 5585 | 5649577 |
| 4.63%, 11/15/44 | &nbsp;&nbsp; 5733 | 5787643 |
| 4.63%, 11/15/45 | &nbsp;&nbsp; 4134 | 4161775 |
| 4.63%, 02/15/46 | &nbsp;&nbsp; 308 | 310202 |
| 4.63%, 05/15/54 | &nbsp;&nbsp; 9232 | 9203150 |
| 4.63%, 02/15/55 | &nbsp;&nbsp; 9353 | 9329617 |
| 4.63%, 11/15/55 | &nbsp;&nbsp; 7630 | 7618078 |
| 4.75%, 02/15/37 | &nbsp;&nbsp; 500 | 533672 |
| 4.75%, 11/15/43 | &nbsp;&nbsp; 7211 | 7423950 |
| 4.75%, 02/15/45 | &nbsp;&nbsp; 6725 | 6894176 |
| 4.75%, 11/15/53 | &nbsp;&nbsp; 12719 | 12925684 |
| 4.75%, 05/15/55 | &nbsp;&nbsp; 9607 | 9778125 |
| 4.75%, 08/15/55 | &nbsp;&nbsp; 9146 | 9314629 |
| 4.75%, 02/15/56 | &nbsp;&nbsp; 3177 | 3237562 |
| 4.88%, 08/15/45 | &nbsp;&nbsp; 5851 | 6086868 |
| 5.00%, 05/15/37 | &nbsp;&nbsp; 2400 | 2616750 |
| 5.00%, 05/15/45 | &nbsp;&nbsp; 5521 | 5836732 |
| 5.38%, 02/15/31 | &nbsp;&nbsp; 1000 | 1080234 |
| 6.13%, 08/15/29 | &nbsp;&nbsp; 1000 | 1085000 |
| 6.25%, 05/15/30 | &nbsp;&nbsp; 100 | 110570 |
| 6.38%, 08/15/27 | &nbsp;&nbsp; 800 | 831750 |
| U.S. Treasury Notes |  |  |
| 0.38%, 09/30/27 | &nbsp;&nbsp; 5400 | 5149406 |
| 0.50%, 04/30/27 | &nbsp;&nbsp; 2350 | 2270963 |
| 0.50%, 05/31/27 | &nbsp;&nbsp; 2080 | 2005088 |
| 0.50%, 06/30/27 | &nbsp;&nbsp; 1900 | 1827414 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 0.50%, 08/31/27 | &nbsp;&nbsp; $6300 | $6032988 |
| 0.50%, 10/31/27 | &nbsp;&nbsp; 9250 | 8816768 |
| 0.63%, 03/31/27 | &nbsp;&nbsp; 1000 | 969844 |
| 0.63%, 11/30/27 | &nbsp;&nbsp; 7450 | 7101654 |
| 0.63%, 12/31/27 | &nbsp;&nbsp; 10300 | 9797070 |
| 0.63%, 05/15/30 | &nbsp;&nbsp; 2600 | 2312172 |
| 0.63%, 08/15/30 | &nbsp;&nbsp; 7300 | 6442820 |
| 0.75%, 01/31/28 | &nbsp;&nbsp; 7849 | 7467894 |
| 0.88%, 11/15/30 | &nbsp;&nbsp; 14652 | 12989914 |
| 1.00%, 07/31/28 | &nbsp;&nbsp; 7714 | 7291538 |
| 1.13%, 02/28/27 | &nbsp;&nbsp; 2850 | 2783314 |
| 1.13%, 02/29/28 | &nbsp;&nbsp; 6958 | 6656577 |
| 1.13%, 08/31/28 | &nbsp;&nbsp; 8750 | 8281055 |
| 1.13%, 02/15/31 | &nbsp;&nbsp; 14700 | 13119750 |
| 1.25%, 03/31/28 | &nbsp;&nbsp; 7100 | 6797695 |
| 1.25%, 04/30/28 | &nbsp;&nbsp; 11869 | 11344168 |
| 1.25%, 05/31/28 | &nbsp;&nbsp; 7902 | 7539619 |
| 1.25%, 06/30/28 | &nbsp;&nbsp; 7770 | 7401532 |
| 1.25%, 09/30/28 | &nbsp;&nbsp; 12200 | 11559500 |
| 1.25%, 08/15/31 | &nbsp;&nbsp; 13660 | 12091234 |
| 1.38%, 10/31/28 | &nbsp;&nbsp; 6961 | 6606968 |
| 1.38%, 12/31/28 | &nbsp;&nbsp; 8962 | 8478892 |
| 1.38%, 11/15/31 | &nbsp;&nbsp; 17668 | 15641701 |
| 1.50%, 11/30/28 | &nbsp;&nbsp; 7615 | 7240794 |
| 1.50%, 02/15/30 | &nbsp;&nbsp; 4200 | 3899766 |
| 1.63%, 05/15/31 | &nbsp;&nbsp; 12307 | 11184948 |
| 1.75%, 01/31/29 | &nbsp;&nbsp; 7200 | 6873188 |
| 1.88%, 02/28/27 | &nbsp;&nbsp; 5800 | 5706203 |
| 1.88%, 02/28/29 | &nbsp;&nbsp; 6212 | 5944593 |
| 1.88%, 02/15/32 | &nbsp;&nbsp; 13122 | 11889762 |
| 2.25%, 02/15/27 | &nbsp;&nbsp; 5900 | 5828555 |
| 2.25%, 08/15/27 | &nbsp;&nbsp; 2100 | 2064645 |
| 2.25%, 11/15/27 | &nbsp;&nbsp; 5070 | 4972561 |
| 2.38%, 05/15/27 | &nbsp;&nbsp; 6750 | 6661143 |
| 2.38%, 03/31/29 | &nbsp;&nbsp; 6200 | 6014969 |
| 2.38%, 05/15/29 | &nbsp;&nbsp; 6090 | 5900639 |
| 2.50%, 03/31/27 | &nbsp;&nbsp; 7051 | 6976359 |
| 2.63%, 05/31/27 | &nbsp;&nbsp; 7524 | 7444939 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 5215 | 5102552 |
| 2.63%, 07/31/29 | &nbsp;&nbsp; 3285 | 3201335 |
| 2.75%, 04/30/27 | &nbsp;&nbsp; 6220 | 6167762 |
| 2.75%, 07/31/27 | &nbsp;&nbsp; 7000 | 6932734 |
| 2.75%, 02/15/28 | &nbsp;&nbsp; 4225 | 4174663 |
| 2.75%, 05/31/29 | &nbsp;&nbsp; 4700 | 4604898 |
| 2.75%, 08/15/32 | &nbsp;&nbsp; 11973 | 11334128 |
| 2.88%, 05/15/28 | &nbsp;&nbsp; 7058 | 6980407 |
| 2.88%, 08/15/28 | &nbsp;&nbsp; 6900 | 6817523 |
| 2.88%, 04/30/29 | &nbsp;&nbsp; 5440 | 5353725 |
| 2.88%, 05/15/32 | &nbsp;&nbsp; 18797 | 17979037 |
| 3.13%, 08/31/27 | &nbsp;&nbsp; 5564 | 5538571 |
| 3.13%, 11/15/28 | &nbsp;&nbsp; 275 | 273131 |
| 3.13%, 08/31/29 | &nbsp;&nbsp; 6900 | 6830461 |
| 3.25%, 06/30/27 | &nbsp;&nbsp; 6540 | 6522117 |
| 3.25%, 06/30/29 | &nbsp;&nbsp; 5500 | 5471211 |
| 3.38%, 09/15/27 | &nbsp;&nbsp; 13170 | 13158168 |
| 3.38%, 11/30/27 | &nbsp;&nbsp; 8747 | 8741875 |
| 3.38%, 12/31/27 | &nbsp;&nbsp; 10675 | 10669996 |
| 3.38%, 09/15/28 | &nbsp;&nbsp; 7177 | 7174757 |
| 3.38%, 05/15/33 | &nbsp;&nbsp; 13850 | 13527555 |
| 3.50%, 09/30/27 | &nbsp;&nbsp; 8206 | 8214975 |
| 3.50%, 10/31/27 | &nbsp;&nbsp; 10329 | 10341104 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 3.50%, 01/31/28 | &nbsp;&nbsp; $9386 | $9404332 |
| 3.50%, 04/30/28 | &nbsp;&nbsp; 5400 | 5411813 |
| 3.50%, 10/15/28 | &nbsp;&nbsp; 11234 | 11264718 |
| 3.50%, 11/15/28 | &nbsp;&nbsp; 7717 | 7739307 |
| 3.50%, 12/15/28 | &nbsp;&nbsp; 11180 | 11213191 |
| 3.50%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2100 | 2106398 |
| 3.50%, 02/15/29 | &nbsp;&nbsp; 11600 | 11637156 |
| 3.50%, 09/30/29 | &nbsp;&nbsp; 9318 | 9337655 |
| 3.50%, 01/31/30 | &nbsp;&nbsp; 8400 | 8413125 |
| 3.50%, 04/30/30 | &nbsp;&nbsp; 9000 | 9007734 |
| 3.50%, 11/30/30 | &nbsp;&nbsp; 10305 | 10300170 |
| 3.50%, 02/15/33 | &nbsp;&nbsp; 13501 | 13315361 |
| 3.63%, 08/31/27 | &nbsp;&nbsp; 8666 | 8689019 |
| 3.63%, 03/31/28 | &nbsp;&nbsp; 8500 | 8539180 |
| 3.63%, 05/31/28 | &nbsp;&nbsp; 9000 | 9045703 |
| 3.63%, 08/15/28 | &nbsp;&nbsp; 8082 | 8128724 |
| 3.63%, 08/31/29 | &nbsp;&nbsp; 8745 | 8799656 |
| 3.63%, 03/31/30 | &nbsp;&nbsp; 5180 | 5210352 |
| 3.63%, 08/31/30 | &nbsp;&nbsp; 9247 | 9295402 |
| 3.63%, 09/30/30 | &nbsp;&nbsp; 10518 | 10573055 |
| 3.63%, 10/31/30 | &nbsp;&nbsp; 8671 | 8714355 |
| 3.63%, 12/31/30 | &nbsp;&nbsp; 9614 | 9659817 |
| 3.63%, 09/30/31 | &nbsp;&nbsp; 6668 | 6678940 |
| 3.75%, 04/30/27 | &nbsp;&nbsp; 10917 | 10948557 |
| 3.75%, 06/30/27 | &nbsp;&nbsp; 7399 | 7426746 |
| 3.75%, 08/15/27 | &nbsp;&nbsp; 7403 | 7434521 |
| 3.75%, 04/15/28 | &nbsp;&nbsp; 11180 | 11261230 |
| 3.75%, 05/15/28 | &nbsp;&nbsp; 8577 | 8641998 |
| 3.75%, 12/31/28 | &nbsp;&nbsp; 7147 | 7216237 |
| 3.75%, 05/31/30 | &nbsp;&nbsp; 10000 | 10103906 |
| 3.75%, 06/30/30 | &nbsp;&nbsp; 6000 | 6062812 |
| 3.75%, 12/31/30 | &nbsp;&nbsp; 4806 | 4854060 |
| 3.75%, 01/31/31 | &nbsp;&nbsp; 9818 | 9919248 |
| 3.75%, 08/31/31 | &nbsp;&nbsp; 9079 | 9152767 |
| 3.75%, 10/31/32 | &nbsp;&nbsp; 9646 | 9674637 |
| 3.75%, 11/30/32 | &nbsp;&nbsp; 3750 | 3759961 |
| 3.88%, 03/31/27 | &nbsp;&nbsp; 12265 | 12312431 |
| 3.88%, 05/31/27 | &nbsp;&nbsp; 11979 | 12035619 |
| 3.88%, 07/31/27 | &nbsp;&nbsp; 8519 | 8568916 |
| 3.88%, 10/15/27 | &nbsp;&nbsp; 6457 | 6502401 |
| 3.88%, 11/30/27 | &nbsp;&nbsp; 867 | 873672 |
| 3.88%, 12/31/27 | &nbsp;&nbsp; 9505 | 9583713 |
| 3.88%, 03/15/28 | &nbsp;&nbsp; 6282 | 6342366 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 12174 | 12306202 |
| 3.88%, 07/15/28 | &nbsp;&nbsp; 6613 | 6685846 |
| 3.88%, 09/30/29 | &nbsp;&nbsp; 12672 | 12856140 |
| 3.88%, 11/30/29 | &nbsp;&nbsp; 3800 | 3856109 |
| 3.88%, 12/31/29 | &nbsp;&nbsp; 8000 | 8120000 |
| 3.88%, 04/30/30 | &nbsp;&nbsp; 14900 | 15129320 |
| 3.88%, 06/30/30 | &nbsp;&nbsp; 8988 | 9127735 |
| 3.88%, 07/31/30 | &nbsp;&nbsp; 13302 | 13510883 |
| 3.88%, 08/31/32 | &nbsp;&nbsp; 3595 | 3634882 |
| 3.88%, 09/30/32 | &nbsp;&nbsp; 11144 | 11262405 |
| 3.88%, 12/31/32 | &nbsp;&nbsp; 4181 | 4222157 |
| 3.88%, 08/15/33 | &nbsp;&nbsp; 15595 | 15707089 |
| 3.88%, 08/15/34 | &nbsp;&nbsp; 16714 | 16737504 |
| 4.00%, 12/15/27 | &nbsp;&nbsp; 12444 | 12571357 |
| 4.00%, 02/29/28 | &nbsp;&nbsp; 8000 | 8092500 |
| 4.00%, 06/30/28 | &nbsp;&nbsp; 10146 | 10286300 |
| 4.00%, 01/31/29 | &nbsp;&nbsp; 8481 | 8622792 |
| 4.00%, 07/31/29 | &nbsp;&nbsp; 8300 | 8453680 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.00%, 10/31/29 | &nbsp;&nbsp; $11057 | $11266910 |
| 4.00%, 02/28/30 | &nbsp;&nbsp; 15400 | 15705594 |
| 4.00%, 03/31/30 | &nbsp;&nbsp; 13947 | 14227030 |
| 4.00%, 05/31/30 | &nbsp;&nbsp; 8459 | 8631484 |
| 4.00%, 07/31/30 | &nbsp;&nbsp; 4349 | 4439038 |
| 4.00%, 01/31/31 | &nbsp;&nbsp; 9424 | 9622787 |
| 4.00%, 04/30/32 | &nbsp;&nbsp; 5944 | 6058236 |
| 4.00%, 06/30/32 | &nbsp;&nbsp; 6720 | 6846525 |
| 4.00%, 07/31/32 | &nbsp;&nbsp; 8195 | 8346736 |
| 4.00%, 01/31/33 | &nbsp;&nbsp; 7737 | 7869980 |
| 4.00%, 02/15/34 | &nbsp;&nbsp; 16413 | 16628421 |
| 4.00%, 11/15/35 | &nbsp;&nbsp; 16370 | 16428830 |
| 4.13%, 02/28/27 | &nbsp;&nbsp; 11264 | 11329120 |
| 4.13%, 09/30/27 | &nbsp;&nbsp; 5371 | 5428067 |
| 4.13%, 10/31/27 | &nbsp;&nbsp; 4800 | 4853813 |
| 4.13%, 11/15/27 | &nbsp;&nbsp; 5887 | 5955298 |
| 4.13%, 07/31/28 | &nbsp;&nbsp; 11582 | 11781066 |
| 4.13%, 03/31/29 | &nbsp;&nbsp; 8484 | 8662959 |
| 4.13%, 10/31/29 | &nbsp;&nbsp; 17861 | 18278222 |
| 4.13%, 11/30/29 | &nbsp;&nbsp; 8402 | 8600235 |
| 4.13%, 08/31/30 | &nbsp;&nbsp; 6200 | 6358875 |
| 4.13%, 03/31/31 | &nbsp;&nbsp; 4537 | 4658932 |
| 4.13%, 07/31/31 | &nbsp;&nbsp; 10676 | 10966254 |
| 4.13%, 10/31/31 | &nbsp;&nbsp; 9000 | 9239766 |
| 4.13%, 11/30/31 | &nbsp;&nbsp; 9241 | 9487186 |
| 4.13%, 02/29/32 | &nbsp;&nbsp; 9329 | 9573886 |
| 4.13%, 03/31/32 | &nbsp;&nbsp; 5132 | 5266715 |
| 4.13%, 05/31/32 | &nbsp;&nbsp; 9330 | 9571997 |
| 4.13%, 11/15/32 | &nbsp;&nbsp; 11959 | 12257975 |
| 4.13%, 02/15/36 | &nbsp;&nbsp; 6329 | 6413057 |
| 4.25%, 03/15/27 | &nbsp;&nbsp; 7278 | 7332301 |
| 4.25%, 01/15/28 | &nbsp;&nbsp; 6854 | 6958149 |
| 4.25%, 02/15/28 | &nbsp;&nbsp; 13356 | 13570948 |
| 4.25%, 02/28/29 | &nbsp;&nbsp; 7864 | 8053842 |
| 4.25%, 06/30/29 | &nbsp;&nbsp; 8144 | 8355871 |
| 4.25%, 01/31/30 | &nbsp;&nbsp; 17948 | 18464005 |
| 4.25%, 02/28/31 | &nbsp;&nbsp; 5200 | 5369000 |
| 4.25%, 06/30/31 | &nbsp;&nbsp; 10997 | 11360417 |
| 4.25%, 11/15/34 | &nbsp;&nbsp; 18766 | 19282065 |
| 4.25%, 05/15/35 | &nbsp;&nbsp; 16584 | 17008965 |
| 4.25%, 08/15/35 | &nbsp;&nbsp; 19312 | 19791782 |
| 4.38%, 07/15/27 | &nbsp;&nbsp; 8218 | 8319120 |
| 4.38%, 08/31/28 | &nbsp;&nbsp; 11011 | 11269070 |
| 4.38%, 11/30/28 | &nbsp;&nbsp; 7600 | 7794156 |
| 4.38%, 12/31/29 | &nbsp;&nbsp; 8348 | 8621919 |
| 4.38%, 11/30/30 | &nbsp;&nbsp; 6000 | 6223125 |
| 4.38%, 01/31/32 | &nbsp;&nbsp; 7320 | 7609941 |
| 4.38%, 05/15/34 | &nbsp;&nbsp; 18954 | 19679583 |
| 4.50%, 04/15/27 | &nbsp;&nbsp; 9484 | 9586990 |
| 4.50%, 05/15/27 | &nbsp;&nbsp; 9182 | 9289602 |
| 4.50%, 05/31/29 | &nbsp;&nbsp; 8783 | 9073937 |
| 4.50%, 12/31/31 | &nbsp;&nbsp; 6546 | 6848752 |
| 4.50%, 11/15/33 | &nbsp;&nbsp; 16210 | 16979975 |
| 4.63%, 06/15/27 | &nbsp;&nbsp; 7994 | 8108914 |
| 4.63%, 09/30/28 | &nbsp;&nbsp; 10937 | 11269382 |
| 4.63%, 04/30/29 | &nbsp;&nbsp; 9000 | 9325547 |
| 4.63%, 09/30/30 | &nbsp;&nbsp; 6255 | 6549180 |
| 4.63%, 04/30/31 | &nbsp;&nbsp; 5212 | 5475043 |
| 4.63%, 05/31/31 | &nbsp;&nbsp; 5000 | 5253125 |
| 4.63%, 02/15/35 | &nbsp;&nbsp; 19112 | 20163160 |
| 4.88%, 10/31/28 | &nbsp;&nbsp; 7992 | 8291076 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.88%, 10/31/30 | &nbsp;&nbsp; $5000 | $5291406 |
|  |  | 2087427462 |
| **Total U.S. Government & Agency Obligations — 69.5%** <br>**(Cost: $3,298,078,155)** | **Total U.S. Government & Agency Obligations — 69.5%** <br>**(Cost: $3,298,078,155)** | 3217718509 |
| **Total Long-Term Investments — 98.6%** <br>**(Cost: $4,669,511,742)** | **Total Long-Term Investments — 98.6%** <br>**(Cost: $4,669,511,742)** | 4570556677 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 5.1%** | **Money Market Funds — 5.1%** | **Money Market Funds — 5.1%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(h)(i)</sup><br>| &nbsp;&nbsp; 220771086 | 220881472 |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(h)(i)(j)</sup><br>| &nbsp;&nbsp; 14627245 | 14627245 |
| **Total Short-Term Securities — 5.1%** <br>**(Cost: $235,427,673)** | **Total Short-Term Securities — 5.1%** <br>**(Cost: $235,427,673)** | 235508717 |
| **Total Investments Before TBA Sales Commitments — 103.7%** <br>**(Cost: $4,904,939,415)** | **Total Investments Before TBA Sales Commitments — 103.7%** <br>**(Cost: $4,904,939,415)** | 4806065394 |
|  | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>|  |
| **TBA Sales Commitments**<sup>(g)</sup> | **TBA Sales Commitments**<sup>(g)</sup> | **TBA Sales Commitments**<sup>(g)</sup> |
| **Mortgage-Backed Securities — (0.1)%** | **Mortgage-Backed Securities — (0.1)%** | **Mortgage-Backed Securities — (0.1)%** |
| Government National Mortgage Association |  |  |
| 5.00%, 03/19/56 | &nbsp;&nbsp; (1375)<br>| (1379665)<br>|
| 5.50%, 03/19/56 | &nbsp;&nbsp; (300)<br>| (303828)<br>|
| Uniform Mortgage-Backed Securities |  |  |
| 5.00%, 03/15/56 | &nbsp;&nbsp; (1575)<br>| (1582065)<br>|
| 5.50%, 03/12/56 | &nbsp;&nbsp; (1175)<br>| (1193839)<br>|
| **Total TBA Sales Commitments — (0.1)%** <br>**(Proceeds: $(4454703))** | **Total TBA Sales Commitments — (0.1)%** <br>**(Proceeds: $(4454703))** | (4459397)<br>|
| **Total Investments, Net of TBA Sales Commitments — 103.6%** <br>**(Cost: $4,900,484,712)** | **Total Investments, Net of TBA Sales Commitments — 103.6%** <br>**(Cost: $4,900,484,712)** | 4801605997 |
| **Liabilities in Excess of Other Assets — (3.6)%** | **Liabilities in Excess of Other Assets — (3.6)%** | (169160891)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $4632445106 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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

<sup>(b)</sup> All or a portion of this security is on loan.

<sup>(c)</sup> Zero-coupon bond.

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

<sup>(e)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(f)</sup> Perpetual security with no stated maturity date.

<sup>(g)</sup> Represents or includes a TBA transaction.

<sup>(h)</sup> Affiliate of the Fund.

<sup>(i)</sup> Annualized 7-day yield as of period end.

<sup>(j)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware U.S. Aggregate Bond ETF** 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $162629793<br> $58247316 <br><sup>(a)</sup><br>| $— | $4520 | $(157)<br>| $220881472 | 220771086 | $6960458 | $— |
| BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| 4866968<br> 9760277 <br><sup>(a)</sup><br>|  |  |  | 14627245 | 14627245 | 55181 <br><sup>(b)</sup><br>|  |
|  |  |  | $4520 | $(157) | $235508717 |  | $7015639 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $16450652 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $16450652 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 49026870 | &nbsp;&nbsp; — | &nbsp;&nbsp; 49026870 |
| Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 1143274278 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1143274278 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 144086368 | &nbsp;&nbsp; — | &nbsp;&nbsp; 144086368 |
| U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 3217718509 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3217718509 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 235508717 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 235508717 |
| Liabilities |  |  |  |  |
| Investments  |  |  |  |  |
| TBA Sales Commitments | &nbsp;&nbsp; — | &nbsp;&nbsp; (4459397)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (4459397)<br>|
|  | &nbsp;&nbsp; $235508717 | &nbsp;&nbsp; $4566097280 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $4801605997 |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.0%** | **Advertising — 0.0%** | **Advertising — 0.0%** |
| Omnicom Group, Inc., 2.45%, 04/30/30 | &nbsp;&nbsp; $17 | $15832 |
| **Aerospace & Defense — 0.8%** | **Aerospace & Defense — 0.8%** | **Aerospace & Defense — 0.8%** |
| GE Capital International Funding Co. Unlimited <br> Co., 4.42%, 11/15/35<br>| &nbsp;&nbsp; 600 | 591990 |
| General Electric Co. |  |  |
| 4.35%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 60 | 52527 |
| 5.88%, 01/14/38 | &nbsp;&nbsp; 125 | 137347 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 650 | 742732 |
| 6.88%, 01/10/39 | &nbsp;&nbsp; 87 | 103528 |
| Howmet Aerospace, Inc., 5.95%, 02/01/37<sup>(a)</sup> | &nbsp;&nbsp; 150 | 163743 |
| L3Harris Technologies, Inc. |  |  |
| 4.85%, 04/27/35 | &nbsp;&nbsp; 385 | 388699 |
| 5.50%, 08/15/54 | &nbsp;&nbsp; 285 | 282810 |
| 5.60%, 07/31/53<sup>(a)</sup> | &nbsp;&nbsp; 105 | 105578 |
| Northrop Grumman Corp. |  |  |
| 4.03%, 10/15/47 | &nbsp;&nbsp; 98 | 80521 |
| 4.90%, 06/01/34 | &nbsp;&nbsp; 802 | 823089 |
| 4.95%, 03/15/53 | &nbsp;&nbsp; 518 | 476316 |
| 5.15%, 05/01/40 | &nbsp;&nbsp; 66 | 66749 |
| 5.20%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 757 | 721640 |
| 5.25%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 172 | 166279 |
| RTX Corp. |  |  |
| 2.25%, 07/01/30 | &nbsp;&nbsp; 962 | 896448 |
| 2.82%, 09/01/51 | &nbsp;&nbsp; 197 | 125770 |
| 3.03%, 03/15/52 | &nbsp;&nbsp; 54 | 35888 |
| 3.13%, 07/01/50 | &nbsp;&nbsp; 485 | 333268 |
| 3.75%, 11/01/46 | &nbsp;&nbsp; 282 | 223454 |
| 4.05%, 05/04/47 | &nbsp;&nbsp; 217 | 179360 |
| 4.13%, 11/16/28 | &nbsp;&nbsp; 860 | 865141 |
| 4.15%, 05/15/45 | &nbsp;&nbsp; 254 | 216347 |
| 4.35%, 04/15/47 | &nbsp;&nbsp; 65 | 56256 |
| 4.45%, 11/16/38 | &nbsp;&nbsp; 31 | 29520 |
| 4.50%, 06/01/42 | &nbsp;&nbsp; 924 | 849486 |
| 4.63%, 11/16/48 | &nbsp;&nbsp; 507 | 451705 |
| 4.70%, 12/15/41 | &nbsp;&nbsp; 122 | 115991 |
| 4.88%, 10/15/40 | &nbsp;&nbsp; 119 | 116996 |
| 5.40%, 05/01/35 | &nbsp;&nbsp; 295 | 314257 |
| 5.70%, 04/15/40 | &nbsp;&nbsp; 330 | 350760 |
| 5.75%, 01/15/29 | &nbsp;&nbsp; 5 | 5253 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 55 | 59641 |
| 6.05%, 06/01/36<sup>(a)</sup> | &nbsp;&nbsp; 340 | 377145 |
| 6.10%, 03/15/34 | &nbsp;&nbsp; 30 | 33154 |
| 6.13%, 07/15/38 | &nbsp;&nbsp; 335 | 371903 |
| 6.40%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 55 | 61492 |
| 7.50%, 09/15/29 | &nbsp;&nbsp; 560 | 625640 |
|  |  | 11598423 |
| **Agriculture — 0.5%** | **Agriculture — 0.5%** | **Agriculture — 0.5%** |
| Archer-Daniels-Midland Co. |  |  |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 373 | 233577 |
| 3.25%, 03/27/30 | &nbsp;&nbsp; 115 | 111885 |
| 3.75%, 09/15/47 | &nbsp;&nbsp; 100 | 80012 |
| 4.02%, 04/16/43 | &nbsp;&nbsp; 163 | 140217 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 150 | 131684 |
| 4.54%, 03/26/42 | &nbsp;&nbsp; 89 | 82479 |
| 5.38%, 09/15/35 | &nbsp;&nbsp; 189 | 201278 |
| 5.94%, 10/01/32 | &nbsp;&nbsp; 366 | 400817 |
| Bunge Ltd. Finance Corp. |  |  |
| 2.75%, 05/14/31 | &nbsp;&nbsp; 888 | 826261 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| 3.75%, 09/25/27 | &nbsp;&nbsp; $2392 | $2386538 |
| 4.10%, 01/07/28 | &nbsp;&nbsp; 873 | 877242 |
| 4.20%, 09/17/29 | &nbsp;&nbsp; 615 | 618843 |
| 4.55%, 08/04/30 | &nbsp;&nbsp; 100 | 101596 |
| 4.65%, 09/17/34<sup>(a)</sup> | &nbsp;&nbsp; 812 | 807708 |
| 5.15%, 08/04/35<sup>(a)</sup> | &nbsp;&nbsp; 620 | 635588 |
|  |  | 7635725 |
| **Airlines — 0.0%** | **Airlines — 0.0%** | **Airlines — 0.0%** |
| Delta Air Lines, Inc., 3.75%, 10/28/29 | &nbsp;&nbsp; 100 | 98234 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| NIKE, Inc. |  |  |
| 2.85%, 03/27/30 | &nbsp;&nbsp; 59 | 56722 |
| 3.25%, 03/27/40 | &nbsp;&nbsp; 18 | 14825 |
| 3.38%, 11/01/46 | &nbsp;&nbsp; 76 | 57267 |
| 3.38%, 03/27/50 | &nbsp;&nbsp; 243 | 177774 |
| Ralph Lauren Corp., 2.95%, 06/15/30 | &nbsp;&nbsp; 45 | 43118 |
| Tapestry, Inc. |  |  |
| 4.13%, 07/15/27 | &nbsp;&nbsp; 460 | 460179 |
| 5.10%, 03/11/30 | &nbsp;&nbsp; 40 | 41266 |
| 5.50%, 03/11/35 | &nbsp;&nbsp; 645 | 668717 |
|  |  | 1519868 |
| **Auto Manufacturers — 1.1%** | **Auto Manufacturers — 1.1%** | **Auto Manufacturers — 1.1%** |
| American Honda Finance Corp. |  |  |
| 2.25%, 01/12/29 | &nbsp;&nbsp; 40 | 38185 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 372 | 369540 |
| 4.60%, 04/17/30 | &nbsp;&nbsp; 166 | 168866 |
| 4.90%, 03/13/29<sup>(a)</sup> | &nbsp;&nbsp; 90 | 92300 |
| 4.90%, 01/10/34<sup>(a)</sup> | &nbsp;&nbsp; 197 | 200054 |
| 5.13%, 07/07/28 | &nbsp;&nbsp; 30 | 30792 |
| Cummins, Inc. |  |  |
| 1.50%, 09/01/30 | &nbsp;&nbsp; 2092 | 1887994 |
| 2.60%, 09/01/50 | &nbsp;&nbsp; 220 | 136834 |
| 4.25%, 05/09/28 | &nbsp;&nbsp; 50 | 50535 |
| 4.70%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 125 | 128615 |
| 4.88%, 10/01/43 | &nbsp;&nbsp; 344 | 334112 |
| 4.90%, 02/20/29 | &nbsp;&nbsp; 1001 | 1032684 |
| 5.15%, 02/20/34 | &nbsp;&nbsp; 1379 | 1439592 |
| 5.30%, 05/09/35 | &nbsp;&nbsp; 347 | 365196 |
| 5.45%, 02/20/54 | &nbsp;&nbsp; 198 | 197588 |
| Ford Motor Co. |  |  |
| 3.25%, 02/12/32 | &nbsp;&nbsp; 215 | 193348 |
| 4.75%, 01/15/43<sup>(a)</sup> | &nbsp;&nbsp; 50 | 40214 |
| 5.29%, 12/08/46<sup>(a)</sup> | &nbsp;&nbsp; 65 | 55461 |
| 7.40%, 11/01/46<sup>(a)</sup> | &nbsp;&nbsp; 465 | 508126 |
| Ford Motor Credit Co. LLC |  |  |
| 2.90%, 02/10/29 | &nbsp;&nbsp; 35 | 33306 |
| 3.63%, 06/17/31 | &nbsp;&nbsp; 470 | 437891 |
| 4.00%, 11/13/30 | &nbsp;&nbsp; 264 | 252844 |
| 5.11%, 05/03/29 | &nbsp;&nbsp; 497 | 501746 |
| 6.13%, 03/08/34 | &nbsp;&nbsp; 175 | 180955 |
| 6.50%, 02/07/35 | &nbsp;&nbsp; 55 | 57723 |
| 7.12%, 11/07/33 | &nbsp;&nbsp; 580 | 632328 |
| 7.20%, 06/10/30 | &nbsp;&nbsp; 40 | 43148 |
| General Motors Co. |  |  |
| 5.00%, 04/01/35<sup>(a)</sup> | &nbsp;&nbsp; 146 | 144946 |
| 5.15%, 04/01/38 | &nbsp;&nbsp; 177 | 172459 |
| 5.20%, 04/01/45 | &nbsp;&nbsp; 256 | 233299 |
| 5.40%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 181 | 166794 |
| 5.60%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 90 | 94828 |
| 5.95%, 04/01/49<sup>(a)</sup> | &nbsp;&nbsp; 245 | 241277 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 6.25%, 10/02/43 | &nbsp;&nbsp; $301 | $308797 |
| 6.60%, 04/01/36 | &nbsp;&nbsp; 344 | 377427 |
| 6.75%, 04/01/46 | &nbsp;&nbsp; 225 | 243190 |
| General Motors Financial Co., Inc. |  |  |
| 2.35%, 01/08/31 | &nbsp;&nbsp; 140 | 127382 |
| 2.70%, 06/10/31 | &nbsp;&nbsp; 236 | 216681 |
| 3.10%, 01/12/32 | &nbsp;&nbsp; 210 | 194102 |
| 3.60%, 06/21/30 | &nbsp;&nbsp; 275 | 267196 |
| 4.30%, 04/06/29 | &nbsp;&nbsp; 258 | 259154 |
| 4.60%, 01/08/31<sup>(a)</sup> | &nbsp;&nbsp; 70 | 70644 |
| 5.45%, 09/06/34 | &nbsp;&nbsp; 270 | 277215 |
| 5.45%, 01/08/36<sup>(a)</sup> | &nbsp;&nbsp; 35 | 35608 |
| 5.65%, 01/17/29<sup>(a)</sup> | &nbsp;&nbsp; 154 | 159684 |
| 5.90%, 01/07/35 | &nbsp;&nbsp; 105 | 110336 |
| 5.95%, 04/04/34 | &nbsp;&nbsp; 125 | 132638 |
| 6.10%, 01/07/34 | &nbsp;&nbsp; 359 | 384357 |
| 6.15%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 215 | 230003 |
| 6.40%, 01/09/33 | &nbsp;&nbsp; 271 | 294924 |
| Honda Motor Co. Ltd., 2.97%, 03/10/32 | &nbsp;&nbsp; 360 | 333476 |
| Mercedes-Benz Finance North America LLC, <br> 8.50%, 01/18/31<br>| &nbsp;&nbsp; 623 | 739508 |
| Toyota Motor Corp., 3.67%, 07/20/28 | &nbsp;&nbsp; 23 | 23025 |
| Toyota Motor Credit Corp. |  |  |
| 1.90%, 09/12/31 | &nbsp;&nbsp; 35 | 31183 |
| 2.15%, 02/13/30 | &nbsp;&nbsp; 240 | 224642 |
| 2.40%, 01/13/32<sup>(a)</sup> | &nbsp;&nbsp; 35 | 31804 |
| 3.38%, 04/01/30 | &nbsp;&nbsp; 58 | 56717 |
| 3.65%, 01/08/29 | &nbsp;&nbsp; 20 | 19957 |
| 4.70%, 01/12/33 | &nbsp;&nbsp; 400 | 408981 |
|  |  | 16022211 |
| **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.10%, 12/01/51 | &nbsp;&nbsp; 605 | 394221 |
| 3.25%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 507 | 479461 |
| 4.15%, 05/01/52 | &nbsp;&nbsp; 461 | 358066 |
| 4.40%, 10/01/46 | &nbsp;&nbsp; 51 | 42537 |
| 5.40%, 03/15/49<sup>(a)</sup> | &nbsp;&nbsp; 158 | 148548 |
| 5.75%, 09/13/54 | &nbsp;&nbsp; 205 | 199553 |
| BorgWarner, Inc. |  |  |
| 4.38%, 03/15/45 | &nbsp;&nbsp; 93 | 79218 |
| 5.40%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 360 | 373978 |
| Lear Corp. |  |  |
| 3.50%, 05/30/30 | &nbsp;&nbsp; 112 | 108629 |
| 3.55%, 01/15/52 | &nbsp;&nbsp; 247 | 172341 |
| 4.25%, 05/15/29 | &nbsp;&nbsp; 789 | 788945 |
| 5.25%, 05/15/49<sup>(a)</sup> | &nbsp;&nbsp; 304 | 280682 |
|  |  | 3426179 |
| **Banks — 19.7%** | **Banks — 19.7%** | **Banks — 19.7%** |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| 4.15%, 03/03/29 | &nbsp;&nbsp; 200 | 199997 |
| 5.13%, 03/03/36 | &nbsp;&nbsp; 200 | 198820 |
| 6.03%, 03/13/35, (1-year CMT + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 395 | 422412 |
| 6.14%, 09/14/28, (1-year CMT + 2.70%)<sup>(b)</sup> | &nbsp;&nbsp; 414 | 427046 |
| 7.88%, 11/15/34, (1-year CMT + 3.30%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 256426 |
| Banco Santander SA |  |  |
| 2.75%, 12/03/30 | &nbsp;&nbsp; 195 | 179352 |
| 2.96%, 03/25/31 | &nbsp;&nbsp; 509 | 475704 |
| 3.23%, 11/22/32, (1-year CMT + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 248798 |
| 3.31%, 06/27/29 | &nbsp;&nbsp; 65 | 63473 |
| 3.49%, 05/28/30 | &nbsp;&nbsp; 175 | 169899 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.80%, 02/23/28 | &nbsp;&nbsp; $250 | $248987 |
| 4.18%, 03/24/28, (1-year CMT + 2.00%)<sup>(b)</sup> | &nbsp;&nbsp; 395 | 395196 |
| 4.25%, 04/11/27 | &nbsp;&nbsp; 505 | 505903 |
| 4.38%, 04/12/28 | &nbsp;&nbsp; 438 | 440562 |
| 4.55%, 11/06/30 | &nbsp;&nbsp; 200 | 201575 |
| 5.13%, 11/06/35 | &nbsp;&nbsp; 200 | 201120 |
| 5.54%, 03/14/30, (1-year CMT + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 490 | 508630 |
| 6.03%, 01/17/35 | &nbsp;&nbsp; 260 | 280034 |
| 6.35%, 03/14/34<sup>(a)</sup> | &nbsp;&nbsp; 444 | 479313 |
| 6.61%, 11/07/28 | &nbsp;&nbsp; 289 | 307700 |
| 6.92%, 08/08/33 | &nbsp;&nbsp; 631 | 700811 |
| 6.94%, 11/07/33 | &nbsp;&nbsp; 50 | 57619 |
| Bank of America Corp. |  |  |
| 1.90%, 07/23/31, (1-day SOFR + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 201 | 182310 |
| 1.92%, 10/24/31, (1-day SOFR + 1.37%)<sup>(b)</sup> | &nbsp;&nbsp; 293 | 264095 |
| 2.09%, 06/14/29, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 230 | 220316 |
| 2.30%, 07/21/32, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 450 | 405590 |
| 2.48%, 09/21/36, (5-year CMT + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 604 | 533605 |
| 2.50%, 02/13/31, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 335 | 314497 |
| 2.57%, 10/20/32, (1-day SOFR + 1.21%)<sup>(b)</sup> | &nbsp;&nbsp; 283 | 257530 |
| 2.59%, 04/29/31, (1-day SOFR + 2.15%)<sup>(b)</sup> | &nbsp;&nbsp; 156 | 146571 |
| 2.68%, 06/19/41, (1-day SOFR + 1.93%)<sup>(b)</sup> | &nbsp;&nbsp; 444 | 329693 |
| 2.69%, 04/22/32, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 747 | 691892 |
| 2.83%, 10/24/51, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 438 | 282583 |
| 2.88%, 10/22/30, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(b)</sup><br>| &nbsp;&nbsp; 278 | 266285 |
| 2.97%, 02/04/33, (1-day SOFR + 1.33%)<sup>(b)</sup> | &nbsp;&nbsp; 560 | 517355 |
| 2.97%, 07/21/52, (1-day SOFR + 1.56%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 768 | 507360 |
| 3.19%, 07/23/30, (3-mo. CME Term SOFR + <br> 1.44%)<sup>(b)</sup><br>| &nbsp;&nbsp; 272 | 264382 |
| 3.25%, 10/21/27 | &nbsp;&nbsp; 1788 | 1773042 |
| 3.31%, 04/22/42, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 430 | 341800 |
| 3.42%, 12/20/28, (3-mo. CME Term SOFR + <br> 1.30%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1030 | 1019491 |
| 3.59%, 07/21/28, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(b)</sup><br>| &nbsp;&nbsp; 95 | 94445 |
| 3.71%, 04/24/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 787 | 784404 |
| 3.85%, 03/08/37, (5-year CMT + 2.00%)<sup>(b)</sup> | &nbsp;&nbsp; 582 | 550685 |
| 3.95%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 156 | 125643 |
| 3.97%, 03/05/29, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(b)</sup><br>| &nbsp;&nbsp; 447 | 446677 |
| 3.97%, 02/07/30, (3-mo. CME Term SOFR + <br> 1.47%)<sup>(b)</sup><br>| &nbsp;&nbsp; 88 | 87864 |
| 4.08%, 04/23/40, (3-mo. CME Term SOFR + <br> 1.58%)<sup>(b)</sup><br>| &nbsp;&nbsp; 192 | 172574 |
| 4.08%, 03/20/51, (3-mo. CME Term SOFR + <br> 3.41%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1395 | 1130853 |
| 4.24%, 04/24/38, (3-mo. CME Term SOFR + <br> 2.08%)<sup>(b)</sup><br>| &nbsp;&nbsp; 752 | 704154 |
| 4.27%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(b)</sup><br>| &nbsp;&nbsp; 502 | 504758 |
| 4.33%, 03/15/50, (3-mo. CME Term SOFR + <br> 1.78%)<sup>(b)</sup><br>| &nbsp;&nbsp; 653 | 553685 |
| 4.38%, 04/27/28, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 320 | 321399 |
| 4.44%, 01/20/48, (3-mo. CME Term SOFR + <br> 2.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 637 | 558425 |
| 4.57%, 04/27/33, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 870 | 873982 |
| 4.88%, 04/01/44 | &nbsp;&nbsp; 323 | 311644 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.95%, 07/22/28, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; $280 | $283461 |
| 5.00%, 01/21/44 | &nbsp;&nbsp; 671 | 651984 |
| 5.02%, 07/22/33, (1-day SOFR + 2.16%)<sup>(b)</sup> | &nbsp;&nbsp; 1172 | 1204961 |
| 5.20%, 04/25/29, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 515 | 527610 |
| 5.29%, 04/25/34, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 1123 | 1165870 |
| 5.43%, 08/15/35, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 281549 |
| 5.47%, 01/23/35, (1-day SOFR + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 530 | 555457 |
| 5.51%, 01/24/36, (1-day SOFR + 1.31%)<sup>(b)</sup> | &nbsp;&nbsp; 240 | 251578 |
| 5.52%, 10/25/35, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 359401 |
| 5.74%, 02/12/36, (1-day SOFR + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 320 | 334380 |
| 5.87%, 09/15/34, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 595 | 638338 |
| 5.88%, 02/07/42 | &nbsp;&nbsp; 691 | 743165 |
| 6.11%, 01/29/37<sup>(a)</sup> | &nbsp;&nbsp; 812 | 877331 |
| 6.20%, 11/10/28, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 753 | 779843 |
| 7.75%, 05/14/38 | &nbsp;&nbsp; 527 | 645741 |
| Series L, 4.18%, 11/25/27 | &nbsp;&nbsp; 685 | 685820 |
| Series N, 2.65%, 03/11/32, (1-day SOFR + <br> 1.22%)<sup>(b)</sup><br>| &nbsp;&nbsp; 275 | 255125 |
| Series N, 3.48%, 03/13/52, (1-day SOFR + <br> 1.65%)<sup>(b)</sup><br>| &nbsp;&nbsp; 595 | 433515 |
| Bank of America N.A., 6.00%, 10/15/36 | &nbsp;&nbsp; 258 | 279887 |
| Bank of Montreal |  |  |
| 3.09%, 01/10/37, (5-year CMT + 1.40%)<sup>(b)</sup> | &nbsp;&nbsp; 216 | 197143 |
| 3.80%, 12/15/32, (5-year USD Swap + <br> 1.43%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1029 | 1019985 |
| 4.35%, 09/22/31, (1-day SOFR Index + <br> 1.08%)<sup>(b)</sup><br>| &nbsp;&nbsp; 125 | 125797 |
| 5.20%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 332 | 340335 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 105 | 111199 |
| Series J, 4.44%, 01/14/32, (1-day SOFR + <br> 0.97%)<sup>(b)</sup><br>| &nbsp;&nbsp; 100 | 100559 |
| Bank of New York Mellon Corp.(The) |  |  |
| 3.25%, 05/16/27 | &nbsp;&nbsp; 218 | 217050 |
| 3.30%, 08/23/29 | &nbsp;&nbsp; 311 | 303977 |
| 3.40%, 01/29/28 | &nbsp;&nbsp; 1036 | 1030380 |
| 3.85%, 04/28/28 | &nbsp;&nbsp; 948 | 951532 |
| 4.44%, 06/09/28, (1-day SOFR + 0.68%)<sup>(b)</sup> | &nbsp;&nbsp; 65 | 65470 |
| 4.94%, 02/11/31, (1-day SOFR + 0.89%)<sup>(b)</sup> | &nbsp;&nbsp; 160 | 164990 |
| 4.97%, 04/26/34, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20515 |
| 5.06%, 07/22/32, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 130028 |
| 5.19%, 03/14/35, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 101 | 105079 |
| 5.23%, 11/20/35, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 180 | 187159 |
| 5.32%, 06/06/36, (1-day SOFR + 1.35%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 312638 |
| 5.61%, 07/21/39, (1-day SOFR + 1.77%)<sup>(b)</sup> | &nbsp;&nbsp; 70 | 73716 |
| 6.47%, 10/25/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 144 | 161490 |
| Bank of Nova Scotia(The) |  |  |
| 2.15%, 08/01/31 | &nbsp;&nbsp; 1088 | 982235 |
| 2.45%, 02/02/32 | &nbsp;&nbsp; 310 | 280536 |
| 2.95%, 03/11/27 | &nbsp;&nbsp; 744 | 738250 |
| 4.04%, 09/15/28, (1-day SOFR + 0.76%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 150163 |
| 4.25%, 02/02/30, (1-day SOFR + 0.73%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 276481 |
| 4.34%, 09/15/31, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 150425 |
| 4.40%, 09/08/28, (1-day SOFR + 1.00%)<sup>(b)</sup> | &nbsp;&nbsp; 1875 | 1886807 |
| 4.59%, 05/04/37, (5-year CMT + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 193 | 189672 |
| 4.74%, 11/10/32, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 85 | 86443 |
| 4.81%, 02/02/34, (1-day SOFR + 1.05%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 278172 |
| 4.85%, 02/01/30 | &nbsp;&nbsp; 1622 | 1669108 |
| 4.93%, 02/14/29, (1-day SOFR + 0.89%)<sup>(b)</sup> | &nbsp;&nbsp; 785 | 799085 |
| 5.13%, 02/14/31, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 425 | 440158 |
| 5.25%, 06/12/28<sup>(a)</sup> | &nbsp;&nbsp; 2714 | 2795289 |
| 5.40%, 06/04/27 | &nbsp;&nbsp; 1202 | 1225919 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.45%, 08/01/29 | &nbsp;&nbsp; $1705 | $1785187 |
| 5.65%, 02/01/34 | &nbsp;&nbsp; 270 | 288713 |
| BankUnited, Inc., 5.13%, 06/11/30 | &nbsp;&nbsp; 70 | 70798 |
| Barclays PLC |  |  |
| 2.65%, 06/24/31, (1-year CMT + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 320 | 298889 |
| 2.67%, 03/10/32, (1-year CMT + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 379 | 348577 |
| 2.89%, 11/24/32, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 830 | 760292 |
| 3.56%, 09/23/35, (5-year CMT + 2.90%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 380725 |
| 4.22%, 05/24/30, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 399981 |
| 4.48%, 11/11/29, (1-day SOFR + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 403037 |
| 4.52%, 02/24/32, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 400463 |
| 4.84%, 05/09/28 | &nbsp;&nbsp; 536 | 540040 |
| 4.95%, 01/10/47 | &nbsp;&nbsp; 245 | 228501 |
| 4.97%, 05/16/29, (3-mo. SOFR US + 2.16%)<sup>(b)</sup> | &nbsp;&nbsp; 467 | 475015 |
| 5.09%, 02/25/29, (1-day SOFR + 0.96%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 356432 |
| 5.09%, 06/20/30, (3-mo. SOFR US + 3.32%)<sup>(b)</sup> | &nbsp;&nbsp; 807 | 822783 |
| 5.21%, 02/24/37, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 299494 |
| 5.25%, 08/17/45 | &nbsp;&nbsp; 370 | 360798 |
| 5.34%, 09/10/35, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 581 | 594038 |
| 5.37%, 02/25/31, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 207547 |
| 5.50%, 08/09/28, (1-year CMT + 2.65%)<sup>(b)</sup> | &nbsp;&nbsp; 743 | 757232 |
| 5.69%, 03/12/30, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 319 | 332408 |
| 5.79%, 02/25/36, (1-day SOFR + 1.59%)<sup>(b)</sup> | &nbsp;&nbsp; 675 | 706900 |
| 5.86%, 08/11/46, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 380 | 391094 |
| 6.04%, 03/12/55, (1-day SOFR + 2.42%)<sup>(b)</sup> | &nbsp;&nbsp; 103 | 110358 |
| 6.22%, 05/09/34, (1-day SOFR + 2.98%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 216149 |
| 6.49%, 09/13/29, (1-day SOFR + 2.22%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15833 |
| 6.69%, 09/13/34, (1-day SOFR + 2.62%)<sup>(b)</sup> | &nbsp;&nbsp; 135 | 149862 |
| 7.12%, 06/27/34, (1-day SOFR + 3.57%)<sup>(b)</sup> | &nbsp;&nbsp; 565 | 634100 |
| 7.39%, 11/02/28, (1-year CMT + 3.30%)<sup>(b)</sup> | &nbsp;&nbsp; 636 | 669246 |
| 7.44%, 11/02/33, (1-year CMT + 3.50%)<sup>(b)</sup> | &nbsp;&nbsp; 218 | 250148 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.60%, 04/07/32 | &nbsp;&nbsp; 205 | 197275 |
| 4.28%, 01/29/30, (1-day SOFR Index + <br> 0.79%)<sup>(b)</sup><br>| &nbsp;&nbsp; 300 | 301802 |
| 4.58%, 09/08/31, (1-day SOFR Index + <br> 1.17%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1600 | 1623439 |
| 4.63%, 09/11/30, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 1030 | 1047581 |
| 4.86%, 03/30/29, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 810 | 824163 |
| 5.00%, 04/28/28 | &nbsp;&nbsp; 325 | 332484 |
| 5.25%, 01/13/31, (1-day SOFR + 1.11%)<sup>(b)</sup> | &nbsp;&nbsp; 360 | 373566 |
| 5.26%, 04/08/29 | &nbsp;&nbsp; 230 | 238539 |
| 5.99%, 10/03/28 | &nbsp;&nbsp; 165 | 173107 |
| 6.09%, 10/03/33 | &nbsp;&nbsp; 610 | 668528 |
| Capital One NA |  |  |
| 2.70%, 02/06/30 | &nbsp;&nbsp; 314 | 298511 |
| 4.65%, 09/13/28 | &nbsp;&nbsp; 650 | 660144 |
| Citigroup, Inc. |  |  |
| 2.56%, 05/01/32, (1-day SOFR + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 234 | 214292 |
| 2.57%, 06/03/31, (1-day SOFR + 2.11%)<sup>(b)</sup> | &nbsp;&nbsp; 501 | 468282 |
| 2.67%, 01/29/31, (1-day SOFR + 1.15%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 47193 |
| 2.98%, 11/05/30, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 383 | 367026 |
| 3.06%, 01/25/33, (1-day SOFR + 1.35%)<sup>(b)</sup> | &nbsp;&nbsp; 434 | 401457 |
| 3.52%, 10/27/28, (3-mo. CME Term SOFR + <br> 1.41%)<sup>(b)</sup><br>| &nbsp;&nbsp; 454 | 450484 |
| 3.67%, 07/24/28, (3-mo. CME Term SOFR + <br> 1.65%)<sup>(b)</sup><br>| &nbsp;&nbsp; 618 | 615010 |
| 3.79%, 03/17/33, (1-day SOFR + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; 823 | 790379 |
| 3.88%, 01/24/39, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(b)</sup><br>| &nbsp;&nbsp; 171 | 152414 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.98%, 03/20/30, (3-mo. CME Term SOFR + <br> 1.60%)<sup>(b)</sup><br>| &nbsp;&nbsp; $222 | $221252 |
| 4.08%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 638 | 638334 |
| 4.13%, 07/25/28 | &nbsp;&nbsp; 282 | 282353 |
| 4.28%, 04/24/48, (3-mo. CME Term SOFR + <br> 2.10%)<sup>(b)</sup><br>| &nbsp;&nbsp; 473 | 405275 |
| 4.41%, 03/31/31, (1-day SOFR + 3.91%)<sup>(b)</sup> | &nbsp;&nbsp; 721 | 724549 |
| 4.45%, 09/29/27 | &nbsp;&nbsp; 771 | 775544 |
| 4.65%, 07/30/45 | &nbsp;&nbsp; 551 | 502946 |
| 4.65%, 07/23/48 | &nbsp;&nbsp; 660 | 589176 |
| 4.75%, 05/18/46 | &nbsp;&nbsp; 260 | 231384 |
| 4.91%, 05/24/33, (1-day SOFR + 2.09%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 284 | 289213 |
| 5.30%, 05/06/44 | &nbsp;&nbsp; 180 | 174583 |
| 5.32%, 03/26/41, (1-day SOFR + 4.55%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 270970 |
| 5.33%, 03/27/36, (1-day SOFR + 1.47%)<sup>(b)</sup> | &nbsp;&nbsp; 110 | 113330 |
| 5.41%, 09/19/39, (5-year CMT + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 251429 |
| 5.45%, 06/11/35, (1-day SOFR + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 320 | 333321 |
| 5.61%, 03/04/56, (1-day SOFR + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 125534 |
| 5.83%, 02/13/35, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 421725 |
| 5.88%, 02/22/33 | &nbsp;&nbsp; 271 | 291385 |
| 5.88%, 01/30/42 | &nbsp;&nbsp; 555 | 586929 |
| 6.00%, 10/31/33 | &nbsp;&nbsp; 404 | 435083 |
| 6.02%, 01/24/36, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 580 | 608641 |
| 6.13%, 08/25/36 | &nbsp;&nbsp; 289 | 309430 |
| 6.17%, 05/25/34, (1-day SOFR + 2.66%)<sup>(b)</sup> | &nbsp;&nbsp; 670 | 715260 |
| 6.27%, 11/17/33, (1-day SOFR + 2.34%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 457 | 501310 |
| 6.63%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 699 | 734243 |
| 6.63%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 349 | 388208 |
| 6.68%, 09/13/43 | &nbsp;&nbsp; 191 | 215474 |
| 8.13%, 07/15/39 | &nbsp;&nbsp; 693 | 892070 |
| Citizens Financial Group, Inc. |  |  |
| 2.50%, 02/06/30 | &nbsp;&nbsp; 127 | 119317 |
| 3.25%, 04/30/30 | &nbsp;&nbsp; 237 | 227868 |
| 5.64%, 05/21/37, (5-year CMT + 2.75%)<sup>(b)</sup> | &nbsp;&nbsp; 62 | 63678 |
| 6.65%, 04/25/35, (1-day SOFR + 2.33%)<sup>(b)</sup> | &nbsp;&nbsp; 26 | 28755 |
| Cooperatieve Rabobank UA |  |  |
| 5.25%, 05/24/41 | &nbsp;&nbsp; 210 | 212626 |
| 5.25%, 08/04/45 | &nbsp;&nbsp; 45 | 42994 |
| 5.75%, 12/01/43 | &nbsp;&nbsp; 251 | 255577 |
| Deutsche Bank AG/New York NY |  |  |
| 3.04%, 05/28/32, (1-day SOFR + 1.72%)<sup>(b)</sup> | &nbsp;&nbsp; 597 | 553300 |
| 3.55%, 09/18/31, (1-day SOFR + 3.04%)<sup>(b)</sup> | &nbsp;&nbsp; 898 | 862399 |
| 3.73%, 01/14/32, (1-day SOFR + 2.76%)<sup>(b)</sup> | &nbsp;&nbsp; 445 | 423518 |
| 3.74%, 01/07/33, (1-day SOFR + 2.26%)<sup>(b)</sup> | &nbsp;&nbsp; 267 | 249954 |
| 4.73%, 02/06/32, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 190 | 191578 |
| 4.88%, 12/01/32, (5-year USD ICE Swap + <br> 2.55%)<sup>(b)</sup><br>| &nbsp;&nbsp; 533 | 534602 |
| 4.95%, 08/04/31, (1-day SOFR + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 213873 |
| 5.00%, 09/11/30, (1-day SOFR + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 170 | 173588 |
| 5.30%, 05/09/31, (1-day SOFR + 1.72%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 154896 |
| 5.37%, 01/10/29, (1-day SOFR + 1.21%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 153263 |
| 5.40%, 09/11/35, (1-day SOFR + 2.05%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 440 | 450901 |
| 5.88%, 07/08/31, (1-day SOFR + 5.44%)<sup>(b)</sup> | &nbsp;&nbsp; 66 | 68720 |
| 6.72%, 01/18/29, (1-day SOFR + 3.18%)<sup>(b)</sup> | &nbsp;&nbsp; 690 | 721293 |
| 6.82%, 11/20/29, (1-day SOFR + 2.51%)<sup>(b)</sup> | &nbsp;&nbsp; 147 | 156543 |
| 7.08%, 02/10/34, (1-day SOFR + 3.65%)<sup>(b)</sup> | &nbsp;&nbsp; 276 | 303612 |
| Fifth Third Bancorp |  |  |
| 4.34%, 04/25/33, (1-day SOFR + 1.66%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 35 | 34590 |
| 4.77%, 07/28/30, (1-day SOFR + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45732 |
| 8.25%, 03/01/38 | &nbsp;&nbsp; 283 | 350634 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Fifth Third Financial Corp., 4.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; $437 | $436691 |
| First Horizon Bank, 5.75%, 05/01/30 | &nbsp;&nbsp; 250 | 259916 |
| Goldman Sachs Capital I, 6.35%, 02/15/34 | &nbsp;&nbsp; 532 | 572305 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 1.99%, 01/27/32, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 17892 |
| 2.38%, 07/21/32, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 613 | 552762 |
| 2.60%, 02/07/30 | &nbsp;&nbsp; 10 | 9454 |
| 2.62%, 04/22/32, (1-day SOFR + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 489 | 449001 |
| 2.65%, 10/21/32, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 254 | 231151 |
| 2.91%, 07/21/42, (1-day SOFR + 1.47%)<sup>(b)</sup> | &nbsp;&nbsp; 373 | 275843 |
| 3.10%, 02/24/33, (1-day SOFR + 1.41%)<sup>(b)</sup> | &nbsp;&nbsp; 624 | 578561 |
| 3.21%, 04/22/42, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 154092 |
| 3.44%, 02/24/43, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 117606 |
| 3.69%, 06/05/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 199 | 198135 |
| 3.81%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(b)</sup><br>| &nbsp;&nbsp; 319 | 317142 |
| 4.02%, 10/31/38, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(b)</sup><br>| &nbsp;&nbsp; 714 | 645226 |
| 4.15%, 01/21/29, (1-day SOFR + 0.71%)<sup>(b)</sup> | &nbsp;&nbsp; 1900 | 1900555 |
| 4.15%, 10/21/29, (1-day SOFR + 0.90%)<sup>(b)</sup> | &nbsp;&nbsp; 775 | 775349 |
| 4.22%, 05/01/29, (3-mo. CME Term SOFR + <br> 1.56%)<sup>(b)</sup><br>| &nbsp;&nbsp; 862 | 864149 |
| 4.37%, 10/21/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 775 | 775004 |
| 4.41%, 04/23/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(b)</sup><br>| &nbsp;&nbsp; 315 | 293020 |
| 4.48%, 08/23/28, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 226426 |
| 4.52%, 01/21/32, (1-day SOFR + 0.96%)<sup>(b)</sup> | &nbsp;&nbsp; 1900 | 1911551 |
| 4.75%, 10/21/45 | &nbsp;&nbsp; 675 | 611714 |
| 4.80%, 07/08/44 | &nbsp;&nbsp; 662 | 611282 |
| 4.94%, 10/21/36, (1-day SOFR + 1.33%)<sup>(b)</sup> | &nbsp;&nbsp; 805 | 801435 |
| 5.02%, 10/23/35, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 390 | 394413 |
| 5.07%, 01/21/37, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 1270 | 1278569 |
| 5.15%, 05/22/45 | &nbsp;&nbsp; 206 | 193773 |
| 5.33%, 07/23/35, (1-day SOFR + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 780 | 803290 |
| 5.39%, 02/02/41, (5-year CMT + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 650 | 645240 |
| 5.54%, 01/28/36, (1-day SOFR + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; 615 | 643384 |
| 5.54%, 01/21/47, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 1900 | 1890102 |
| 5.73%, 01/28/56, (1-day SOFR + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 615 | 623661 |
| 5.85%, 04/25/35, (1-day SOFR + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 320067 |
| 6.13%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1107 | 1212499 |
| 6.25%, 02/01/41<sup>(a)</sup> | &nbsp;&nbsp; 845 | 923903 |
| 6.45%, 05/01/36 | &nbsp;&nbsp; 345 | 380066 |
| 6.48%, 10/24/29, (1-day SOFR + 1.77%)<sup>(b)</sup> | &nbsp;&nbsp; 321 | 339837 |
| 6.56%, 10/24/34, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 278675 |
| 6.75%, 10/01/37 | &nbsp;&nbsp; 1108 | 1241698 |
| HSBC Bank USA N.A |  |  |
| 5.63%, 08/15/35 | &nbsp;&nbsp; 280 | 294184 |
| 5.88%, 11/01/34 | &nbsp;&nbsp; 270 | 289235 |
| 7.00%, 01/15/39 | &nbsp;&nbsp; 275 | 323523 |
| HSBC Holdings PLC |  |  |
| 2.21%, 08/17/29, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 341 | 325770 |
| 2.36%, 08/18/31, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 290 | 266928 |
| 2.80%, 05/24/32, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 1232 | 1136796 |
| 2.85%, 06/04/31, (1-day SOFR + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 671 | 633010 |
| 2.87%, 11/22/32, (1-day SOFR + 1.41%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 322047 |
| 3.97%, 05/22/30, (3-mo. CME Term SOFR + <br> 1.87%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1146 | 1138218 |
| 4.04%, 03/13/28, (3-mo. CME Term SOFR + <br> 1.81%)<sup>(b)</sup><br>| &nbsp;&nbsp; 548 | 548176 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.58%, 06/19/29, (3-mo. CME Term SOFR + <br> 1.80%)<sup>(b)</sup><br>| &nbsp;&nbsp; $1026 | $1035839 |
| 4.62%, 11/06/31, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202243 |
| 4.76%, 03/29/33, (1-day SOFR + 2.53%)<sup>(b)</sup> | &nbsp;&nbsp; 281 | 281499 |
| 4.90%, 03/03/29, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 203123 |
| 4.95%, 03/31/30 | &nbsp;&nbsp; 791 | 815464 |
| 5.13%, 11/06/36, (1-day SOFR + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202011 |
| 5.24%, 05/13/31, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 243409 |
| 5.29%, 11/19/30, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 310915 |
| 5.40%, 08/11/33, (1-day SOFR + 2.87%)<sup>(b)</sup> | &nbsp;&nbsp; 531 | 554510 |
| 5.45%, 03/03/36, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 470 | 487621 |
| 5.72%, 03/04/35, (1-day SOFR + 1.78%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 350415 |
| 5.74%, 09/10/36, (1-day SOFR + 1.96%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 243371 |
| 5.79%, 05/13/36, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 285 | 303044 |
| 5.87%, 11/18/35, (1-day SOFR + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 314849 |
| 6.10%, 01/14/42<sup>(a)</sup> | &nbsp;&nbsp; 567 | 619020 |
| 6.25%, 03/09/34, (1-day SOFR + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 278521 |
| 6.33%, 03/09/44, (1-day SOFR + 2.65%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 55329 |
| 6.50%, 05/02/36 | &nbsp;&nbsp; 165 | 179401 |
| 6.50%, 09/15/37 | &nbsp;&nbsp; 768 | 849390 |
| 6.55%, 06/20/34, (1-day SOFR + 2.98%)<sup>(b)</sup> | &nbsp;&nbsp; 631 | 684748 |
| 6.80%, 06/01/38 | &nbsp;&nbsp; 322 | 366415 |
| 7.40%, 11/13/34, (1-day SOFR + 3.02%)<sup>(b)</sup> | &nbsp;&nbsp; 240 | 274534 |
| 8.11%, 11/03/33, (1-day SOFR + 4.25%)<sup>(b)</sup> | &nbsp;&nbsp; 444 | 523657 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.49%, 08/15/36, (5-year CMT + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 152 | 134129 |
| 2.55%, 02/04/30 | &nbsp;&nbsp; 843 | 793556 |
| 5.02%, 05/17/33, (1-day SOFR + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 460 | 469364 |
| 5.71%, 02/02/35, (1-day SOFR Index + <br> 1.87%)<sup>(b)</sup><br>| &nbsp;&nbsp; 30 | 31553 |
| 6.21%, 08/21/29, (1-day SOFR + 2.02%)<sup>(b)</sup> | &nbsp;&nbsp; 36 | 37805 |
| Huntington National Bank(The) |  |  |
| 4.55%, 05/17/28, (1-day SOFR Index + <br> 1.65%)<sup>(b)</sup><br>| &nbsp;&nbsp; 570 | 573910 |
| 5.65%, 01/10/30 | &nbsp;&nbsp; 10 | 10530 |
| ING Groep NV |  |  |
| 2.73%, 04/01/32, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 808 | 750417 |
| 3.95%, 03/29/27 | &nbsp;&nbsp; 957 | 957905 |
| 4.02%, 03/28/28, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 275096 |
| 4.05%, 04/09/29 | &nbsp;&nbsp; 370 | 370261 |
| 4.25%, 03/28/33, (1-day SOFR + 2.07%)<sup>(b)</sup> | &nbsp;&nbsp; 70 | 69265 |
| 4.55%, 10/02/28 | &nbsp;&nbsp; 470 | 476172 |
| 4.86%, 03/25/29, (1-day SOFR + 1.01%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 203292 |
| 5.07%, 03/25/31, (1-day SOFR Index + <br> 1.23%)<sup>(b)</sup><br>| &nbsp;&nbsp; 225 | 231953 |
| 5.34%, 03/19/30, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 940 | 972957 |
| 5.53%, 03/25/36, (1-day SOFR + 1.61%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 820 | 858312 |
| 5.55%, 03/19/35, (1-day SOFR + 1.77%)<sup>(b)</sup> | &nbsp;&nbsp; 1084 | 1135458 |
| 6.11%, 09/11/34, (1-day SOFR + 2.09%)<sup>(b)</sup> | &nbsp;&nbsp; 614 | 668323 |
| JPMorgan Chase & Co. |  |  |
| 1.95%, 02/04/32, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 219712 |
| 2.52%, 04/22/31, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 355 | 333056 |
| 2.53%, 11/19/41, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(b)</sup><br>| &nbsp;&nbsp; 365 | 266001 |
| 2.55%, 11/08/32, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 185 | 168460 |
| 2.58%, 04/22/32, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 709 | 653518 |
| 2.74%, 10/15/30, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(b)</sup><br>| &nbsp;&nbsp; 641 | 612791 |
| 2.96%, 05/13/31, (3-mo. CME Term SOFR + <br> 2.52%)<sup>(b)</sup><br>| &nbsp;&nbsp; 30 | 28522 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.96%, 01/25/33, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; $743 | $688522 |
| 3.11%, 04/22/41, (3-mo. CME Term SOFR + <br> 2.46%)<sup>(b)</sup><br>| &nbsp;&nbsp; 798 | 631604 |
| 3.11%, 04/22/51, (1-day SOFR + 2.44%)<sup>(b)</sup> | &nbsp;&nbsp; 779 | 534121 |
| 3.16%, 04/22/42, (3-mo. CME Term SOFR + <br> 1.46%)<sup>(b)</sup><br>| &nbsp;&nbsp; 299 | 233675 |
| 3.33%, 04/22/52, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 1019 | 728216 |
| 3.51%, 01/23/29, (3-mo. CME Term SOFR + <br> 1.21%)<sup>(b)</sup><br>| &nbsp;&nbsp; 220 | 218135 |
| 3.54%, 05/01/28, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(b)</sup><br>| &nbsp;&nbsp; 577 | 573550 |
| 3.70%, 05/06/30, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(b)</sup><br>| &nbsp;&nbsp; 766 | 758131 |
| 3.88%, 07/24/38, (3-mo. CME Term SOFR + <br> 1.62%)<sup>(b)</sup><br>| &nbsp;&nbsp; 463 | 419406 |
| 3.90%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.48%)<sup>(b)</sup><br>| &nbsp;&nbsp; 464 | 372804 |
| 3.96%, 11/15/48, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(b)</sup><br>| &nbsp;&nbsp; 720 | 586769 |
| 4.01%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.38%)<sup>(b)</sup><br>| &nbsp;&nbsp; 349 | 349011 |
| 4.03%, 07/24/48, (3-mo. CME Term SOFR + <br> 1.72%)<sup>(b)</sup><br>| &nbsp;&nbsp; 330 | 272998 |
| 4.20%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.52%)<sup>(b)</sup><br>| &nbsp;&nbsp; 429 | 430791 |
| 4.25%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp; 911 | 917377 |
| 4.26%, 02/22/48, (3-mo. CME Term SOFR + <br> 1.84%)<sup>(b)</sup><br>| &nbsp;&nbsp; 595 | 511183 |
| 4.45%, 12/05/29, (3-mo. CME Term SOFR + <br> 1.59%)<sup>(b)</sup><br>| &nbsp;&nbsp; 617 | 623436 |
| 4.49%, 03/24/31, (3-mo. CME Term SOFR + <br> 3.79%)<sup>(b)</sup><br>| &nbsp;&nbsp; 157 | 159166 |
| 4.59%, 04/26/33, (1-day SOFR + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 860 | 867786 |
| 4.85%, 02/01/44<sup>(a)</sup> | &nbsp;&nbsp; 417 | 399810 |
| 4.91%, 07/25/33, (1-day SOFR + 2.08%)<sup>(b)</sup> | &nbsp;&nbsp; 1345 | 1379427 |
| 4.95%, 10/22/35, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 588 | 596474 |
| 4.95%, 06/01/45 | &nbsp;&nbsp; 244 | 231507 |
| 5.29%, 07/22/35, (1-day SOFR + 1.46%)<sup>(b)</sup> | &nbsp;&nbsp; 640 | 663985 |
| 5.34%, 01/23/35, (1-day SOFR + 1.62%)<sup>(b)</sup> | &nbsp;&nbsp; 600 | 624796 |
| 5.35%, 06/01/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 609 | 637323 |
| 5.40%, 01/06/42 | &nbsp;&nbsp; 626 | 641103 |
| 5.50%, 01/24/36, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 257551 |
| 5.50%, 10/15/40 | &nbsp;&nbsp; 441 | 464421 |
| 5.57%, 04/22/36, (1-day SOFR + 1.68%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 780 | 823372 |
| 5.58%, 07/23/36, (1-day SOFR + 1.64%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 265029 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 558 | 583576 |
| 5.72%, 09/14/33, (1-day SOFR + 2.58%)<sup>(b)</sup> | &nbsp;&nbsp; 504 | 534284 |
| 5.77%, 04/22/35, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 515 | 550821 |
| 6.25%, 10/23/34, (1-day SOFR + 1.81%)<sup>(b)</sup> | &nbsp;&nbsp; 293 | 322068 |
| 6.40%, 05/15/38 | &nbsp;&nbsp; 923 | 1050331 |
| 8.75%, 09/01/30 | &nbsp;&nbsp; 699 | 825579 |
| KeyBank N.A., 4.90%, 08/08/32 | &nbsp;&nbsp; 124 | 124436 |
| Keybank National Association |  |  |
| 3.90%, 04/13/29 | &nbsp;&nbsp; 45 | 44525 |
| 6.95%, 02/01/28 | &nbsp;&nbsp; 90 | 94367 |
| KeyCorp |  |  |
| 2.25%, 04/06/27 | &nbsp;&nbsp; 40 | 39266 |
| 2.55%, 10/01/29 | &nbsp;&nbsp; 618 | 586765 |
| 4.10%, 04/30/28 | &nbsp;&nbsp; 25 | 25070 |
| Lloyds Banking Group PLC |  |  |
| 3.57%, 11/07/28, (3-mo. SOFR US + 1.47%)<sup>(b)</sup> | &nbsp;&nbsp; 355 | 352647 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.24%, 02/10/30, (1-year CMT + 0.60%)<sup>(b)</sup> | &nbsp;&nbsp; $200 | $200965 |
| 4.34%, 01/09/48 | &nbsp;&nbsp; 230 | 194916 |
| 4.38%, 03/22/28 | &nbsp;&nbsp; 201 | 202610 |
| 4.43%, 11/04/31, (1-year CMT + 0.82%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 401636 |
| 4.55%, 08/16/28 | &nbsp;&nbsp; 325 | 329501 |
| 4.94%, 11/04/36, (1-year CMT + 0.97%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 397492 |
| 4.98%, 08/11/33, (1-year CMT + 2.30%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 230313 |
| 5.30%, 12/01/45 | &nbsp;&nbsp; 200 | 192897 |
| 5.59%, 11/26/35, (1-year CMT + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 500 | 525774 |
| 5.67%, 02/10/47, (1-year CMT + 0.82%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 201990 |
| 5.68%, 01/05/35, (1-year CMT + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 495 | 523841 |
| 5.72%, 06/05/30, (1-year CMT + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 288489 |
| 5.87%, 03/06/29, (1-year CMT + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 264196 |
| 6.07%, 06/13/36, (1-year CMT + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 340 | 357993 |
| 7.95%, 11/15/33, (1-year CMT + 3.75%)<sup>(b)</sup> | &nbsp;&nbsp; 428 | 502425 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 2.05%, 07/17/30 | &nbsp;&nbsp; 135 | 123970 |
| 2.31%, 07/20/32, (1-year CMT + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 339 | 306868 |
| 2.49%, 10/13/32, (1-year CMT + 0.97%)<sup>(b)</sup> | &nbsp;&nbsp; 60 | 54506 |
| 2.85%, 01/19/33, (1-year CMT + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 299028 |
| 3.29%, 07/25/27 | &nbsp;&nbsp; 77 | 76512 |
| 3.74%, 03/07/29 | &nbsp;&nbsp; 307 | 305762 |
| 3.75%, 07/18/39 | &nbsp;&nbsp; 426 | 377952 |
| 3.96%, 03/02/28 | &nbsp;&nbsp; 48 | 48116 |
| 4.05%, 09/11/28 | &nbsp;&nbsp; 1055 | 1059975 |
| 4.15%, 03/07/39<sup>(a)</sup> | &nbsp;&nbsp; 352 | 330860 |
| 4.29%, 07/26/38<sup>(a)</sup> | &nbsp;&nbsp; 210 | 201498 |
| 4.32%, 04/19/33, (1-year CMT + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49715 |
| 5.13%, 07/20/33, (1-year CMT + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 272 | 282072 |
| 5.41%, 04/19/34, (1-year CMT + 1.97%)<sup>(b)</sup> | &nbsp;&nbsp; 55 | 57874 |
| 5.44%, 02/22/34, (1-year CMT + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 360 | 379285 |
| 5.47%, 09/13/33, (1-year CMT + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 211306 |
| Mizuho Financial Group, Inc. |  |  |
| 2.17%, 05/22/32, (1-year CMT + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 229476 |
| 2.20%, 07/10/31, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 410 | 377270 |
| 2.26%, 07/09/32, (1-year CMT + 0.90%)<sup>(b)</sup> | &nbsp;&nbsp; 525 | 472886 |
| 2.56%, 09/13/31 | &nbsp;&nbsp; 65 | 58972 |
| 2.59%, 05/25/31, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(b)</sup><br>| &nbsp;&nbsp; 203 | 190451 |
| 2.87%, 09/13/30, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(b)</sup><br>| &nbsp;&nbsp; 160 | 153470 |
| 3.15%, 07/16/30, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(b)</sup><br>| &nbsp;&nbsp; 217 | 210400 |
| 3.17%, 09/11/27 | &nbsp;&nbsp; 30 | 29719 |
| 3.26%, 05/22/30, (1-year CMT + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9753 |
| 4.02%, 03/05/28 | &nbsp;&nbsp; 445 | 446949 |
| 4.25%, 09/11/29, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(b)</sup><br>| &nbsp;&nbsp; 233 | 234216 |
| 4.44%, 05/12/32, (1-year CMT + 0.70%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 201074 |
| 4.71%, 07/08/31, (1-year CMT + 0.92%)<sup>(b)</sup> | &nbsp;&nbsp; 395 | 402813 |
| 5.05%, 05/12/37, (1-year CMT + 0.85%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202610 |
| 5.32%, 07/08/36, (1-year CMT + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 425 | 440372 |
| 5.38%, 05/26/30, (1-year CMT + 1.12%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 254319 |
| 5.38%, 07/10/30, (1-year CMT + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 207897 |
| 5.58%, 05/26/35, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 232749 |
| 5.59%, 07/10/35, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 230 | 243461 |
| 5.67%, 05/27/29, (1-year CMT + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 265 | 274529 |
| 5.67%, 09/13/33, (1-year CMT + 2.40%)<sup>(b)</sup> | &nbsp;&nbsp; 390 | 416889 |
| 5.74%, 05/27/31, (1-year CMT + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 45 | 47669 |
| 5.75%, 05/27/34, (1-year CMT + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 347185 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.75%, 07/06/34, (1-year CMT + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; $375 | $400622 |
| 5.78%, 07/06/29, (1-year CMT + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 450 | 467966 |
| Morgan Stanley |  |  |
| 1.79%, 02/13/32, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 746 | 660420 |
| 1.93%, 04/28/32, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 705 | 625463 |
| 2.24%, 07/21/32, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 782 | 701201 |
| 2.48%, 09/16/36, (1-day SOFR + 1.36%)<sup>(b)</sup> | &nbsp;&nbsp; 1081 | 956520 |
| 2.51%, 10/20/32, (1-day SOFR + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 355 | 321764 |
| 2.70%, 01/22/31, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 327 | 309192 |
| 2.80%, 01/25/52, (1-day SOFR + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 570 | 365319 |
| 2.94%, 01/21/33, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 152 | 139956 |
| 3.59%, 07/22/28<sup>(b)</sup> | &nbsp;&nbsp; 923 | 917581 |
| 3.62%, 04/01/31, (1-day SOFR + 3.12%)<sup>(b)</sup> | &nbsp;&nbsp; 1002 | 979500 |
| 3.77%, 01/24/29, (3-mo. CME Term SOFR + <br> 1.40%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1010 | 1005872 |
| 3.95%, 04/23/27 | &nbsp;&nbsp; 703 | 702718 |
| 3.97%, 07/22/38<sup>(b)</sup> | &nbsp;&nbsp; 418 | 379468 |
| 4.30%, 01/27/45 | &nbsp;&nbsp; 615 | 536018 |
| 4.38%, 01/22/47 | &nbsp;&nbsp; 963 | 836207 |
| 4.43%, 01/23/30, (3-mo. CME Term SOFR + <br> 1.89%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1182 | 1192298 |
| 4.46%, 04/22/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(b)</sup><br>| &nbsp;&nbsp; 176 | 166699 |
| 4.49%, 01/16/32, (1-day SOFR + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 360 | 361849 |
| 4.89%, 07/20/33, (1-day SOFR + 2.08%)<sup>(b)</sup> | &nbsp;&nbsp; 55 | 56021 |
| 5.07%, 01/30/37, (1-day SOFR + 1.18%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 400 | 403375 |
| 5.12%, 02/01/29, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 455 | 464352 |
| 5.16%, 04/20/29, (1-day SOFR + 1.59%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 408984 |
| 5.19%, 04/17/31, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 341715 |
| 5.25%, 04/21/34, (1-day SOFR + 1.87%)<sup>(b)</sup> | &nbsp;&nbsp; 670 | 693433 |
| 5.30%, 04/20/37, (1-day SOFR + 2.62%)<sup>(b)</sup> | &nbsp;&nbsp; 331 | 339110 |
| 5.31%, 01/18/41, (5-year CMT + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 213902 |
| 5.32%, 07/19/35, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 600 | 620807 |
| 5.42%, 07/21/34, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 535 | 558619 |
| 5.47%, 01/18/35, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 380 | 397098 |
| 5.52%, 11/19/55, (1-day SOFR + 1.71%)<sup>(b)</sup> | &nbsp;&nbsp; 575 | 573775 |
| 5.59%, 01/18/36, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 315285 |
| 5.60%, 03/24/51, (1-day SOFR + 4.84%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 382 | 386227 |
| 5.66%, 04/17/36, (1-day SOFR + 1.76%)<sup>(b)</sup> | &nbsp;&nbsp; 520 | 549517 |
| 5.83%, 04/19/35, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 695 | 742122 |
| 5.94%, 02/07/39, (5-year CMT + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 430 | 452606 |
| 5.95%, 01/19/38, (5-year CMT + 2.43%)<sup>(b)</sup> | &nbsp;&nbsp; 509 | 536938 |
| 6.30%, 10/18/28, (1-day SOFR + 2.24%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51804 |
| 6.34%, 10/18/33, (1-day SOFR + 2.56%)<sup>(b)</sup> | &nbsp;&nbsp; 410 | 450646 |
| 6.38%, 07/24/42 | &nbsp;&nbsp; 826 | 922192 |
| 6.63%, 11/01/34, (1-day SOFR + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 185 | 207528 |
| 7.25%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 794 | 919288 |
| Series I, 4.89%, 10/22/36, (1-day SOFR + <br> 1.31%)<sup>(b)</sup><br>| &nbsp;&nbsp; 305 | 303407 |
| National Bank of Canada |  |  |
| 4.17%, 01/20/29, (1-day SOFR Index + <br> 0.76%)<sup>(b)</sup><br>| &nbsp;&nbsp; 250 | 250873 |
| 4.50%, 10/10/29 | &nbsp;&nbsp; 2566 | 2606513 |
| 5.60%, 12/18/28 | &nbsp;&nbsp; 3997 | 4170572 |
| NatWest Group PLC |  |  |
| 3.03%, 11/28/35, (5-year CMT + 2.35%)<sup>(b)</sup> | &nbsp;&nbsp; 261 | 243019 |
| 3.07%, 05/22/28, (1-year CMT + 2.55%)<sup>(b)</sup> | &nbsp;&nbsp; 301 | 297847 |
| 4.45%, 05/08/30, (3-mo. SOFR US + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 509 | 512889 |
| 4.89%, 05/18/29, (3-mo. SOFR US + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 679 | 690797 |
| 4.96%, 08/15/30, (1-year CMT + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 204849 |
| 5.08%, 01/27/30, (3-mo. SOFR US + 2.17%)<sup>(b)</sup> | &nbsp;&nbsp; 990 | 1015186 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.12%, 05/23/31, (1-year CMT + 1.05%)<sup>(b)</sup> | &nbsp;&nbsp; $200 | $206180 |
| 5.52%, 09/30/28, (1-year CMT + 2.27%)<sup>(b)</sup> | &nbsp;&nbsp; 580 | 593571 |
| 5.78%, 03/01/35, (1-year CMT + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 228562 |
| 5.81%, 09/13/29, (1-year CMT + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 281240 |
| 5.91%, 03/03/47, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 198678 |
| 6.48%, 06/01/34, (5-year CMT + 2.20%)<sup>(b)</sup> | &nbsp;&nbsp; 596 | 628432 |
| Northern Trust Corp. |  |  |
| 3.15%, 05/03/29 | &nbsp;&nbsp; 1286 | 1262022 |
| 3.65%, 08/03/28 | &nbsp;&nbsp; 529 | 528975 |
| PNC Bank N.A. |  |  |
| 3.10%, 10/25/27 | &nbsp;&nbsp; 661 | 653789 |
| 4.05%, 07/26/28 | &nbsp;&nbsp; 189 | 189202 |
| 4.43%, 07/21/28, (1-day SOFR + 0.73%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 251638 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.55%, 01/22/30 | &nbsp;&nbsp; 221 | 209502 |
| 3.15%, 05/19/27 | &nbsp;&nbsp; 577 | 572628 |
| 3.45%, 04/23/29 | &nbsp;&nbsp; 334 | 330472 |
| 4.63%, 06/06/33, (1-day SOFR Index + <br> 1.85%)<sup>(b)</sup><br>| &nbsp;&nbsp; 246 | 245457 |
| 4.90%, 05/13/31, (1-day SOFR + 1.33%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 261806 |
| 5.07%, 01/24/34, (1-day SOFR + 1.93%)<sup>(b)</sup> | &nbsp;&nbsp; 435 | 448786 |
| 5.37%, 07/21/36, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 240 | 248598 |
| 5.40%, 07/23/35, (1-day SOFR + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 650 | 676952 |
| 5.42%, 01/25/41, (5-year CMT + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 212049 |
| 5.58%, 06/12/29, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 454 | 470133 |
| 5.58%, 01/29/36, (1-day SOFR + 1.39%)<sup>(b)</sup> | &nbsp;&nbsp; 340 | 358122 |
| 5.68%, 01/22/35, (1-day SOFR + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 429433 |
| 5.94%, 08/18/34, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 275335 |
| 6.04%, 10/28/33, (1-day SOFR Index + <br> 2.14%)<sup>(b)</sup><br>| &nbsp;&nbsp; 855 | 928065 |
| 6.88%, 10/20/34, (1-day SOFR + 2.28%)<sup>(b)</sup> | &nbsp;&nbsp; 460 | 522180 |
| Regions Banks, 6.45%, 06/26/37 | &nbsp;&nbsp; 253 | 277084 |
| Regions Financial Corp. |  |  |
| 1.80%, 08/12/28 | &nbsp;&nbsp; 210 | 199114 |
| 7.38%, 12/10/37<sup>(a)</sup> | &nbsp;&nbsp; 122 | 142612 |
| Royal Bank of Canada |  |  |
| 2.30%, 11/03/31<sup>(a)</sup> | &nbsp;&nbsp; 320 | 292114 |
| 3.88%, 05/04/32 | &nbsp;&nbsp; 155 | 152238 |
| 4.00%, 11/03/28, (1-day SOFR + 0.70%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 300345 |
| 4.24%, 08/03/27 | &nbsp;&nbsp; 255 | 256637 |
| 4.31%, 11/03/31, (1-day SOFR + 0.98%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 301784 |
| 4.70%, 08/06/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 153231 |
| 4.72%, 03/27/28, (1-day SOFR Index + <br> 0.81%)<sup>(b)</sup><br>| &nbsp;&nbsp; 150 | 151337 |
| 4.90%, 01/12/28<sup>(a)</sup> | &nbsp;&nbsp; 486 | 496237 |
| 4.97%, 08/02/30, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30847 |
| 5.00%, 02/01/33 | &nbsp;&nbsp; 620 | 642958 |
| 5.00%, 05/02/33 | &nbsp;&nbsp; 560 | 581100 |
| 5.15%, 02/01/34 | &nbsp;&nbsp; 417 | 438831 |
| 5.20%, 08/01/28 | &nbsp;&nbsp; 405 | 417289 |
| 6.00%, 11/01/27 | &nbsp;&nbsp; 350 | 362389 |
| Santander Holdings USA, Inc. |  |  |
| 4.40%, 07/13/27 | &nbsp;&nbsp; 1132 | 1133772 |
| 5.35%, 09/06/30, (1-day SOFR + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; 155 | 159460 |
| 5.47%, 03/20/29, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 155 | 158416 |
| 5.74%, 03/20/31, (1-day SOFR + 1.88%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 325 | 337980 |
| 6.17%, 01/09/30, (1-day SOFR + 2.50%)<sup>(b)</sup> | &nbsp;&nbsp; 276 | 288053 |
| 6.34%, 05/31/35, (1-day SOFR + 2.14%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 465 | 500951 |
| 6.50%, 03/09/29, (1-day SOFR + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp; 157 | 163504 |
| 6.57%, 06/12/29, (1-day SOFR + 2.70%)<sup>(b)</sup> | &nbsp;&nbsp; 37 | 38664 |
| 7.66%, 11/09/31, (1-day SOFR + 3.28%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 451455 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Santander U.K. Group Holdings PLC |  |  |
| 2.90%, 03/15/32, (1-day SOFR + 1.48%)<sup>(b)</sup> | &nbsp;&nbsp; $262 | $243204 |
| 3.82%, 11/03/28, (3-mo. SOFR US + 1.66%)<sup>(b)</sup> | &nbsp;&nbsp; 415 | 413169 |
| 4.32%, 09/22/29, (1-day SOFR Index + <br> 1.07%)<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 200656 |
| 4.86%, 09/11/30, (1-day SOFR Index + <br> 1.55%)<sup>(b)</sup><br>| &nbsp;&nbsp; 115 | 117050 |
| 5.14%, 09/22/36, (1-day SOFR+ 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 430 | 430317 |
| 5.69%, 04/15/31, (1-day SOFR Index + <br> 1.52%)<sup>(b)</sup><br>| &nbsp;&nbsp; 125 | 131158 |
| 6.53%, 01/10/29, (1-day SOFR + 2.60%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 281643 |
| State Street Corp. |  |  |
| 2.62%, 02/07/33, (1-day SOFR + 1.00%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9098 |
| 4.14%, 12/03/29, (3-mo. CME Term SOFR + <br> 1.29%)<sup>(b)</sup><br>| &nbsp;&nbsp; 498 | 501243 |
| 4.54%, 04/24/28, (1-day SOFR + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40290 |
| 4.68%, 10/22/32, (1-day SOFR + 1.05%)<sup>(b)</sup> | &nbsp;&nbsp; 110 | 112400 |
| 4.78%, 10/23/36, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 765 | 763721 |
| 4.82%, 01/26/34, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 127437 |
| 4.83%, 04/24/30 | &nbsp;&nbsp; 145 | 149405 |
| 5.15%, 02/28/36, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 480 | 494058 |
| 5.16%, 05/18/34, (1-day SOFR + 1.89%)<sup>(b)</sup> | &nbsp;&nbsp; 45 | 46695 |
| 6.12%, 11/21/34, (1-day SOFR + 1.96%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 43413 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 1.71%, 01/12/31 | &nbsp;&nbsp; 745 | 664099 |
| 1.90%, 09/17/28 | &nbsp;&nbsp; 565 | 536867 |
| 2.13%, 07/08/30 | &nbsp;&nbsp; 950 | 874251 |
| 2.22%, 09/17/31 | &nbsp;&nbsp; 370 | 332303 |
| 2.47%, 01/14/29 | &nbsp;&nbsp; 35 | 33630 |
| 2.72%, 09/27/29 | &nbsp;&nbsp; 145 | 138648 |
| 2.75%, 01/15/30 | &nbsp;&nbsp; 805 | 766684 |
| 3.04%, 07/16/29 | &nbsp;&nbsp; 1057 | 1023327 |
| 3.35%, 10/18/27 | &nbsp;&nbsp; 305 | 303281 |
| 3.36%, 07/12/27<sup>(a)</sup> | &nbsp;&nbsp; 205 | 203809 |
| 3.54%, 01/17/28 | &nbsp;&nbsp; 631 | 627460 |
| 3.94%, 07/19/28 | &nbsp;&nbsp; 91 | 91212 |
| 4.11%, 01/15/29 | &nbsp;&nbsp; 200 | 200804 |
| 4.31%, 10/16/28<sup>(a)</sup> | &nbsp;&nbsp; 698 | 704863 |
| 4.49%, 01/15/32, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202093 |
| 5.05%, 01/15/37, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 430 | 435043 |
| 5.24%, 04/15/30 | &nbsp;&nbsp; 200 | 208706 |
| 5.25%, 07/08/36, (1-day SOFR + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 60 | 62073 |
| 5.32%, 07/09/29 | &nbsp;&nbsp; 190 | 197576 |
| 5.33%, 03/03/41, (5-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 175 | 175757 |
| 5.42%, 07/09/31 | &nbsp;&nbsp; 820 | 863669 |
| 5.45%, 01/15/32 | &nbsp;&nbsp; 200 | 211257 |
| 5.56%, 07/09/34 | &nbsp;&nbsp; 1205 | 1275151 |
| 5.57%, 01/15/47, (1-day SOFR + 1.36%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 203796 |
| 5.63%, 01/15/35 | &nbsp;&nbsp; 220 | 234855 |
| 5.71%, 01/13/30 | &nbsp;&nbsp; 30 | 31718 |
| 5.77%, 01/13/33 | &nbsp;&nbsp; 615 | 659832 |
| 5.78%, 07/13/33 | &nbsp;&nbsp; 375 | 403811 |
| 5.81%, 09/14/33 | &nbsp;&nbsp; 465 | 501646 |
| 5.85%, 07/13/30 | &nbsp;&nbsp; 325 | 346802 |
| Synchrony Bank, 5.63%, 08/23/27 | &nbsp;&nbsp; 1305 | 1329390 |
| Toronto-Dominion Bank(The) |  |  |
| 2.00%, 09/10/31<sup>(a)</sup> | &nbsp;&nbsp; 576 | 519432 |
| 2.45%, 01/12/32 | &nbsp;&nbsp; 121 | 109740 |
| 3.20%, 03/10/32 | &nbsp;&nbsp; 300 | 282574 |
| 4.41%, 01/13/31 | &nbsp;&nbsp; 50 | 50592 |
| 4.46%, 06/08/32<sup>(a)</sup> | &nbsp;&nbsp; 362 | 364700 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.57%, 06/02/28 | &nbsp;&nbsp; $200 | $202766 |
| 4.78%, 12/17/29<sup>(a)</sup> | &nbsp;&nbsp; 150 | 154332 |
| 4.93%, 10/15/35 | &nbsp;&nbsp; 100 | 100863 |
| 4.99%, 04/05/29 | &nbsp;&nbsp; 351 | 361346 |
| 5.15%, 09/10/34, (5-year CMT + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 154 | 157180 |
| 5.16%, 01/10/28 | &nbsp;&nbsp; 255 | 260759 |
| 5.52%, 07/17/28 | &nbsp;&nbsp; 320 | 331528 |
| Truist Bank, 2.25%, 03/11/30 | &nbsp;&nbsp; 60 | 55453 |
| Truist Financial Corp. |  |  |
| 1.89%, 06/07/29, (1-day SOFR + 0.86%)<sup>(b)</sup> | &nbsp;&nbsp; 115 | 109845 |
| 1.95%, 06/05/30 | &nbsp;&nbsp; 135 | 123964 |
| 3.88%, 03/19/29<sup>(a)</sup> | &nbsp;&nbsp; 225 | 223714 |
| 4.92%, 07/28/33, (1-day SOFR + 2.24%)<sup>(b)</sup> | &nbsp;&nbsp; 696 | 701922 |
| 5.12%, 01/26/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 135 | 138417 |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(b)</sup> | &nbsp;&nbsp; 292 | 309166 |
| 5.87%, 06/08/34, (1-day SOFR + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 347713 |
| 6.12%, 10/28/33, (1-day SOFR + 2.30%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 21692 |
| 7.16%, 10/30/29, (1-day SOFR + 2.45%)<sup>(b)</sup> | &nbsp;&nbsp; 60 | 64546 |
| U.S. Bancorp |  |  |
| 1.38%, 07/22/30 | &nbsp;&nbsp; 130 | 116251 |
| 2.49%, 11/03/36, (5-year CMT + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 421 | 372619 |
| 2.68%, 01/27/33, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 480 | 436681 |
| 3.90%, 04/26/28 | &nbsp;&nbsp; 146 | 146524 |
| 4.48%, 01/26/32, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 126428 |
| 4.55%, 07/22/28, (1-day SOFR + 1.66%)<sup>(b)</sup> | &nbsp;&nbsp; 315 | 317617 |
| 4.65%, 02/01/29, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 329227 |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 315 | 319545 |
| 4.97%, 07/22/33, (1-day SOFR + 2.11%)<sup>(b)</sup> | &nbsp;&nbsp; 645 | 656392 |
| 5.03%, 01/26/37, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 126204 |
| 5.42%, 02/12/36, (1-day SOFR + 1.41%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 220 | 230747 |
| 5.68%, 01/23/35, (1-day SOFR + 1.86%)<sup>(b)</sup> | &nbsp;&nbsp; 110 | 116878 |
| 5.85%, 10/21/33, (1-day SOFR + 2.09%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 200 | 215488 |
| UBS AG/London, 5.65%, 09/11/28 | &nbsp;&nbsp; 1070 | 1115643 |
| UBS AG/Stamford CT, 7.50%, 02/15/28 | &nbsp;&nbsp; 145 | 155296 |
| Webster Financial Corp., 4.10%, 03/25/29<sup>(a)</sup> | &nbsp;&nbsp; 462 | 459951 |
| Wells Fargo & Co. |  |  |
| 2.57%, 02/11/31, (3-mo. CME Term SOFR + <br> 1.26%)<sup>(b)</sup><br>| &nbsp;&nbsp; 225 | 211752 |
| 3.07%, 04/30/41, (1-day SOFR + 2.53%)<sup>(b)</sup> | &nbsp;&nbsp; 712 | 555364 |
| 3.35%, 03/02/33, (1-day SOFR + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 317 | 297682 |
| 3.53%, 03/24/28, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 430 | 427714 |
| 3.58%, 05/22/28, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(b)</sup><br>| &nbsp;&nbsp; 360 | 358125 |
| 3.90%, 05/01/45 | &nbsp;&nbsp; 207 | 169209 |
| 4.30%, 07/22/27 | &nbsp;&nbsp; 679 | 681498 |
| 4.40%, 06/14/46 | &nbsp;&nbsp; 260 | 218701 |
| 4.61%, 04/25/53, (1-day SOFR + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 1228 | 1058237 |
| 4.65%, 11/04/44 | &nbsp;&nbsp; 437 | 384084 |
| 4.75%, 12/07/46 | &nbsp;&nbsp; 273 | 241459 |
| 4.81%, 07/25/28, (1-day SOFR + 1.98%)<sup>(b)</sup> | &nbsp;&nbsp; 660 | 666980 |
| 4.90%, 07/25/33, (1-day SOFR + 2.10%)<sup>(b)</sup> | &nbsp;&nbsp; 865 | 881958 |
| 4.90%, 11/17/45 | &nbsp;&nbsp; 579 | 521451 |
| 5.01%, 04/04/51, (3-mo. CME Term SOFR + <br> 4.50%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1403 | 1282750 |
| 5.38%, 11/02/43 | &nbsp;&nbsp; 167 | 162983 |
| 5.39%, 04/24/34, (1-day SOFR + 2.02%)<sup>(b)</sup> | &nbsp;&nbsp; 190 | 197906 |
| 5.50%, 01/23/35, (1-day SOFR + 1.78%)<sup>(b)</sup> | &nbsp;&nbsp; 101 | 105739 |
| 5.56%, 07/25/34, (1-day SOFR + 1.99%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 290 | 304994 |
| 5.61%, 01/15/44 | &nbsp;&nbsp; 497 | 494473 |
| 5.95%, 12/01/86 | &nbsp;&nbsp; 955 | 1011702 |
| 6.49%, 10/23/34, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 333079 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Series B, 7.95%, 11/15/29 | &nbsp;&nbsp; $422 | $475816 |
| Westpac Banking Corp. |  |  |
| 2.65%, 01/16/30 | &nbsp;&nbsp; 271 | 259426 |
| 2.67%, 11/15/35, (5-year CMT + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 482 | 442820 |
| 3.02%, 11/18/36, (5-year CMT + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 676 | 618939 |
| 3.35%, 03/08/27 | &nbsp;&nbsp; 1278 | 1274018 |
| 3.40%, 01/25/28 | &nbsp;&nbsp; 513 | 510744 |
| 4.11%, 07/24/34, (5-year CMT + 2.00%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 308 | 305350 |
| 5.62%, 11/20/35, (1-year CMT + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 645 | 675168 |
| Wintrust Financial Corp., 4.85%, 06/06/29 | &nbsp;&nbsp; 119 | 118963 |
|  |  | 276530824 |
| **Beverages — 2.7%** | **Beverages — 2.7%** | **Beverages — 2.7%** |
| Anheuser-Busch Companies LLC/Anheuser-Busch <br> InBev Worldwide, Inc.<br>|  |  |
| 4.70%, 02/01/36 | &nbsp;&nbsp; 1552 | 1555268 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 2020 | 1899523 |
| Anheuser-Busch InBev Finance, Inc. |  |  |
| 4.00%, 01/17/43 | &nbsp;&nbsp; 30 | 25756 |
| 4.63%, 02/01/44 | &nbsp;&nbsp; 226 | 208043 |
| 4.70%, 02/01/36<sup>(a)</sup> | &nbsp;&nbsp; 960 | 963464 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 212 | 198253 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 711 | 700646 |
| 3.75%, 07/15/42 | &nbsp;&nbsp; 30 | 25187 |
| 4.38%, 04/15/38 | &nbsp;&nbsp; 186 | 178937 |
| 4.44%, 10/06/48 | &nbsp;&nbsp; 542 | 475392 |
| 4.50%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 215 | 199154 |
| 4.60%, 04/15/48<sup>(a)</sup> | &nbsp;&nbsp; 240 | 215830 |
| 4.75%, 01/23/29 | &nbsp;&nbsp; 950 | 972513 |
| 4.75%, 04/15/58 | &nbsp;&nbsp; 364 | 324546 |
| 4.90%, 01/23/31 | &nbsp;&nbsp; 334 | 347821 |
| 4.95%, 01/15/42 | &nbsp;&nbsp; 539 | 523283 |
| 5.00%, 06/15/34 | &nbsp;&nbsp; 80 | 83237 |
| 5.45%, 01/23/39 | &nbsp;&nbsp; 519 | 544181 |
| 5.55%, 01/23/49 | &nbsp;&nbsp; 854 | 859280 |
| 5.80%, 01/23/59<sup>(a)</sup> | &nbsp;&nbsp; 389 | 403694 |
| 5.88%, 06/15/35 | &nbsp;&nbsp; 351 | 386439 |
| 8.00%, 11/15/39 | &nbsp;&nbsp; 185 | 239658 |
| 8.20%, 01/15/39 | &nbsp;&nbsp; 376 | 489864 |
| Brown-Forman Corp. |  |  |
| 4.00%, 04/15/38 | &nbsp;&nbsp; 19 | 17459 |
| 4.50%, 07/15/45 | &nbsp;&nbsp; 64 | 57012 |
| Coca-Cola Co.(The) |  |  |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 1192 | 1057281 |
| 1.65%, 06/01/30 | &nbsp;&nbsp; 517 | 473677 |
| 2.00%, 03/05/31 | &nbsp;&nbsp; 240 | 219879 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 212 | 201342 |
| 2.25%, 01/05/32 | &nbsp;&nbsp; 1982 | 1806512 |
| 2.50%, 06/01/40 | &nbsp;&nbsp; 108 | 81947 |
| 2.50%, 03/15/51 | &nbsp;&nbsp; 396 | 243673 |
| 2.60%, 06/01/50 | &nbsp;&nbsp; 344 | 218305 |
| 2.75%, 06/01/60 | &nbsp;&nbsp; 448 | 267942 |
| 2.90%, 05/25/27 | &nbsp;&nbsp; 535 | 530597 |
| 3.00%, 03/05/51<sup>(a)</sup> | &nbsp;&nbsp; 482 | 328181 |
| 3.45%, 03/25/30 | &nbsp;&nbsp; 448 | 442902 |
| 4.20%, 03/25/50 | &nbsp;&nbsp; 388 | 333287 |
| 4.65%, 08/14/34<sup>(a)</sup> | &nbsp;&nbsp; 230 | 237770 |
| 5.00%, 05/13/34 | &nbsp;&nbsp; 120 | 126292 |
| 5.20%, 01/14/55<sup>(a)</sup> | &nbsp;&nbsp; 253 | 247937 |
| 5.40%, 05/13/64 | &nbsp;&nbsp; 90 | 89006 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| Coca-Cola Femsa SAB de CV |  |  |
| 1.85%, 09/01/32 | &nbsp;&nbsp; $103 | $88415 |
| 2.75%, 01/22/30 | &nbsp;&nbsp; 55 | 52506 |
| 5.25%, 11/26/43 | &nbsp;&nbsp; 205 | 207102 |
| Constellation Brands, Inc. |  |  |
| 2.88%, 05/01/30 | &nbsp;&nbsp; 10 | 9501 |
| 3.15%, 08/01/29 | &nbsp;&nbsp; 80 | 77769 |
| 3.60%, 02/15/28 | &nbsp;&nbsp; 40 | 39752 |
| 3.75%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 142 | 107068 |
| 4.10%, 02/15/48 | &nbsp;&nbsp; 110 | 88598 |
| 4.50%, 05/09/47 | &nbsp;&nbsp; 166 | 142696 |
| 5.25%, 11/15/48<sup>(a)</sup> | &nbsp;&nbsp; 55 | 51792 |
| Diageo Capital PLC |  |  |
| 2.00%, 04/29/30 | &nbsp;&nbsp; 2247 | 2069783 |
| 2.13%, 04/29/32 | &nbsp;&nbsp; 1135 | 999746 |
| 2.38%, 10/24/29 | &nbsp;&nbsp; 1911 | 1809475 |
| 3.88%, 05/18/28 | &nbsp;&nbsp; 2930 | 2935784 |
| 5.30%, 10/24/27 | &nbsp;&nbsp; 455 | 465693 |
| 5.63%, 10/05/33 | &nbsp;&nbsp; 218 | 233667 |
| 5.88%, 09/30/36 | &nbsp;&nbsp; 465 | 507909 |
| Diageo Investment Corp. |  |  |
| 4.25%, 05/11/42 | &nbsp;&nbsp; 120 | 106444 |
| 5.13%, 08/15/30 | &nbsp;&nbsp; 260 | 270599 |
| 5.63%, 04/15/35 | &nbsp;&nbsp; 365 | 388222 |
| 7.45%, 04/15/35 | &nbsp;&nbsp; 1635 | 1981754 |
| Fomento Economico Mexicano SAB de CV |  |  |
| 3.50%, 01/16/50 | &nbsp;&nbsp; 170 | 128829 |
| 4.38%, 05/10/43 | &nbsp;&nbsp; 20 | 18025 |
| Keurig Dr Pepper, Inc. |  |  |
| 3.20%, 05/01/30 | &nbsp;&nbsp; 10 | 9572 |
| 3.35%, 03/15/51 | &nbsp;&nbsp; 145 | 98339 |
| 3.80%, 05/01/50 | &nbsp;&nbsp; 229 | 168948 |
| 4.05%, 04/15/32 | &nbsp;&nbsp; 353 | 343296 |
| 4.42%, 12/15/46 | &nbsp;&nbsp; 171 | 142163 |
| 4.50%, 11/15/45 | &nbsp;&nbsp; 156 | 133306 |
| 4.50%, 04/15/52<sup>(a)</sup> | &nbsp;&nbsp; 315 | 260403 |
| 4.60%, 05/25/28 | &nbsp;&nbsp; 665 | 671582 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 50 | 50489 |
| 5.09%, 05/25/48 | &nbsp;&nbsp; 138 | 125579 |
| 5.15%, 05/15/35 | &nbsp;&nbsp; 50 | 50633 |
| Molson Coors Beverage Co. |  |  |
| 4.20%, 07/15/46 | &nbsp;&nbsp; 633 | 514365 |
| 5.00%, 05/01/42 | &nbsp;&nbsp; 418 | 391529 |
| PepsiCo, Inc. |  |  |
| 1.63%, 05/01/30 | &nbsp;&nbsp; 214 | 195649 |
| 2.63%, 07/29/29<sup>(a)</sup> | &nbsp;&nbsp; 1243 | 1198096 |
| 2.75%, 10/21/51<sup>(a)</sup> | &nbsp;&nbsp; 115 | 74057 |
| 2.88%, 10/15/49<sup>(a)</sup> | &nbsp;&nbsp; 140 | 94425 |
| 3.38%, 07/29/49 | &nbsp;&nbsp; 165 | 121937 |
| 3.50%, 03/19/40 | &nbsp;&nbsp; 108 | 93123 |
| 3.63%, 03/19/50 | &nbsp;&nbsp; 285 | 219691 |
| 3.88%, 03/19/60 | &nbsp;&nbsp; 95 | 73572 |
| 4.00%, 03/05/42 | &nbsp;&nbsp; 115 | 100989 |
| 4.00%, 05/02/47 | &nbsp;&nbsp; 103 | 86312 |
| 4.45%, 04/14/46<sup>(a)</sup> | &nbsp;&nbsp; 307 | 278030 |
| 4.80%, 07/17/34 | &nbsp;&nbsp; 100 | 103396 |
| 4.88%, 11/01/40 | &nbsp;&nbsp; 224 | 223986 |
| 5.25%, 07/17/54<sup>(a)</sup> | &nbsp;&nbsp; 50 | 49645 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 134 | 142612 |
| 7.00%, 03/01/29 | &nbsp;&nbsp; 29 | 31680 |
|  |  | 37629503 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology — 1.5%** | **Biotechnology — 1.5%** | **Biotechnology — 1.5%** |
| Amgen, Inc. |  |  |
| 2.30%, 02/25/31 | &nbsp;&nbsp; $79 | $72604 |
| 2.45%, 02/21/30 | &nbsp;&nbsp; 1095 | 1032779 |
| 2.77%, 09/01/53 | &nbsp;&nbsp; 475 | 289519 |
| 3.00%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 436 | 291002 |
| 3.15%, 02/21/40 | &nbsp;&nbsp; 10 | 8033 |
| 3.20%, 11/02/27 | &nbsp;&nbsp; 807 | 799291 |
| 3.38%, 02/21/50 | &nbsp;&nbsp; 300 | 218315 |
| 4.20%, 03/01/33 | &nbsp;&nbsp; 320 | 315932 |
| 4.20%, 02/22/52 | &nbsp;&nbsp; 159 | 128582 |
| 4.40%, 05/01/45 | &nbsp;&nbsp; 631 | 551081 |
| 4.40%, 02/22/62 | &nbsp;&nbsp; 402 | 321289 |
| 4.56%, 06/15/48 | &nbsp;&nbsp; 439 | 383022 |
| 4.66%, 06/15/51 | &nbsp;&nbsp; 915 | 799748 |
| 4.88%, 03/01/53 | &nbsp;&nbsp; 87 | 77567 |
| 4.95%, 10/01/41 | &nbsp;&nbsp; 192 | 184421 |
| 5.15%, 11/15/41 | &nbsp;&nbsp; 267 | 261748 |
| 5.25%, 03/02/33 | &nbsp;&nbsp; 1080 | 1130294 |
| 5.65%, 06/15/42 | &nbsp;&nbsp; 50 | 51706 |
| 5.65%, 03/02/53 | &nbsp;&nbsp; 730 | 728551 |
| 5.75%, 03/15/40<sup>(a)</sup> | &nbsp;&nbsp; 134 | 141999 |
| 5.75%, 03/02/63 | &nbsp;&nbsp; 599 | 592792 |
| 6.38%, 06/01/37 | &nbsp;&nbsp; 170 | 191266 |
| 6.40%, 02/01/39 | &nbsp;&nbsp; 213 | 238442 |
| Baxalta, Inc., 5.25%, 06/23/45 | &nbsp;&nbsp; 170 | 165398 |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/30 | &nbsp;&nbsp; 195 | 180831 |
| 3.15%, 05/01/50 | &nbsp;&nbsp; 366 | 240820 |
| 3.25%, 02/15/51 | &nbsp;&nbsp; 156 | 103478 |
| 5.05%, 01/15/31 | &nbsp;&nbsp; 60 | 62234 |
| 5.20%, 09/15/45 | &nbsp;&nbsp; 665 | 623219 |
| 5.75%, 05/15/35 | &nbsp;&nbsp; 85 | 90606 |
| 6.45%, 05/15/55 | &nbsp;&nbsp; 85 | 90833 |
| Gilead Sciences, Inc. |  |  |
| 1.20%, 10/01/27 | &nbsp;&nbsp; 1071 | 1030144 |
| 1.65%, 10/01/30 | &nbsp;&nbsp; 1250 | 1130067 |
| 2.80%, 10/01/50 | &nbsp;&nbsp; 354 | 227218 |
| 2.95%, 03/01/27 | &nbsp;&nbsp; 1197 | 1188335 |
| 4.00%, 09/01/36 | &nbsp;&nbsp; 370 | 348778 |
| 4.15%, 03/01/47 | &nbsp;&nbsp; 525 | 440752 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 379 | 338580 |
| 4.60%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 620 | 619146 |
| 4.75%, 03/01/46 | &nbsp;&nbsp; 678 | 620723 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 300 | 309163 |
| 4.80%, 04/01/44 | &nbsp;&nbsp; 506 | 473341 |
| 5.10%, 06/15/35 | &nbsp;&nbsp; 830 | 858829 |
| 5.25%, 10/15/33 | &nbsp;&nbsp; 885 | 933943 |
| 5.50%, 11/15/54 | &nbsp;&nbsp; 155 | 154427 |
| 5.60%, 11/15/64 | &nbsp;&nbsp; 145 | 145282 |
| 5.65%, 12/01/41 | &nbsp;&nbsp; 342 | 358230 |
| Illumina, Inc., 2.55%, 03/23/31 | &nbsp;&nbsp; 175 | 160545 |
| Regeneron Pharmaceuticals, Inc., 2.80%, <br> 09/15/50<br>| &nbsp;&nbsp; 241 | 149196 |
| Royalty Pharma PLC |  |  |
| 3.30%, 09/02/40 | &nbsp;&nbsp; 125 | 98682 |
| 3.35%, 09/02/51 | &nbsp;&nbsp; 167 | 112982 |
| 3.55%, 09/02/50 | &nbsp;&nbsp; 349 | 246907 |
| 5.40%, 09/02/34 | &nbsp;&nbsp; 65 | 67205 |
| 5.90%, 09/02/54 | &nbsp;&nbsp; 140 | 140550 |
| 5.95%, 09/25/55 | &nbsp;&nbsp; 115 | 116220 |
|  |  | 20636647 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials — 2.2%** | **Building Materials — 2.2%** | **Building Materials — 2.2%** |
| Carlisle Companies, Inc. |  |  |
| 2.75%, 03/01/30 | &nbsp;&nbsp; $242 | $229665 |
| 3.75%, 12/01/27 | &nbsp;&nbsp; 31 | 30901 |
| Carrier Global Corp. |  |  |
| 2.70%, 02/15/31 | &nbsp;&nbsp; 576 | 539079 |
| 2.72%, 02/15/30 | &nbsp;&nbsp; 320 | 304077 |
| 3.38%, 04/05/40 | &nbsp;&nbsp; 246 | 201444 |
| 3.58%, 04/05/50 | &nbsp;&nbsp; 568 | 425504 |
| 5.90%, 03/15/34 | &nbsp;&nbsp; 618 | 667939 |
| 6.20%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 80 | 87952 |
| CRH America Finance, Inc. |  |  |
| 4.40%, 02/09/31 | &nbsp;&nbsp; 330 | 332342 |
| 5.00%, 02/09/36 | &nbsp;&nbsp; 855 | 865292 |
| 5.40%, 05/21/34 | &nbsp;&nbsp; 2513 | 2626270 |
| 5.50%, 01/09/35 | &nbsp;&nbsp; 630 | 662733 |
| 5.60%, 02/09/56 | &nbsp;&nbsp; 185 | 184973 |
| 5.88%, 01/09/55 | &nbsp;&nbsp; 30 | 31121 |
| CRH SMW Finance DAC |  |  |
| 5.13%, 01/09/30 | &nbsp;&nbsp; 1335 | 1381786 |
| 5.20%, 05/21/29<sup>(a)</sup> | &nbsp;&nbsp; 2805 | 2905439 |
| Fortune Brands Innovations, Inc. |  |  |
| 3.25%, 09/15/29 | &nbsp;&nbsp; 503 | 487256 |
| 4.00%, 03/25/32 | &nbsp;&nbsp; 1212 | 1177357 |
| 4.50%, 03/25/52<sup>(a)</sup> | &nbsp;&nbsp; 254 | 206502 |
| 5.88%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1247 | 1334180 |
| Johnson Controls International PLC |  |  |
| 4.95%, 07/02/64<sup>(c)</sup> | &nbsp;&nbsp; 30 | 26737 |
| 6.00%, 01/15/36 | &nbsp;&nbsp; 770 | 841115 |
| Johnson Controls International PLC/Tyco Fire & <br> Security Finance SCA<br>|  |  |
| 1.75%, 09/15/30 | &nbsp;&nbsp; 2455 | 2220901 |
| 2.00%, 09/16/31 | &nbsp;&nbsp; 1156 | 1030323 |
| 4.90%, 12/01/32 | &nbsp;&nbsp; 30 | 30826 |
| Lennox International, Inc. |  |  |
| 1.70%, 08/01/27 | &nbsp;&nbsp; 1167 | 1131224 |
| 5.50%, 09/15/28 | &nbsp;&nbsp; 700 | 724205 |
| Martin Marietta Materials, Inc. |  |  |
| 3.20%, 07/15/51 | &nbsp;&nbsp; 323 | 219281 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 81 | 80565 |
| 3.50%, 12/15/27 | &nbsp;&nbsp; 75 | 74501 |
| 4.25%, 12/15/47 | &nbsp;&nbsp; 160 | 134182 |
| 5.15%, 12/01/34 | &nbsp;&nbsp; 50 | 51580 |
| 5.50%, 12/01/54 | &nbsp;&nbsp; 485 | 475870 |
| Series CB, 2.50%, 03/15/30 | &nbsp;&nbsp; 128 | 120617 |
| Masco Corp. |  |  |
| 3.13%, 02/15/51 | &nbsp;&nbsp; 60 | 40306 |
| 3.50%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 193 | 191770 |
| 4.50%, 05/15/47<sup>(a)</sup> | &nbsp;&nbsp; 105 | 91003 |
| Mohawk Industries, Inc., 3.63%, 05/15/30 | &nbsp;&nbsp; 5 | 4891 |
| Owens Corning |  |  |
| 3.95%, 08/15/29 | &nbsp;&nbsp; 490 | 488234 |
| 4.30%, 07/15/47 | &nbsp;&nbsp; 167 | 138444 |
| 4.40%, 01/30/48 | &nbsp;&nbsp; 134 | 113424 |
| 5.50%, 06/15/27 | &nbsp;&nbsp; 45 | 45826 |
| 5.70%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 155 | 164355 |
| 5.95%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 370 | 382546 |
| 7.00%, 12/01/36 | &nbsp;&nbsp; 293 | 336782 |
| Trane Technologies Financing Ltd. |  |  |
| 3.80%, 03/21/29 | &nbsp;&nbsp; 1373 | 1373477 |
| 5.10%, 06/13/34 | &nbsp;&nbsp; 835 | 870101 |
| 5.25%, 03/03/33 | &nbsp;&nbsp; 1250 | 1315123 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Trane Technologies Holdco, Inc. |  |  |
| 3.75%, 08/21/28<sup>(a)</sup> | &nbsp;&nbsp; $2838 | $2843908 |
| 4.30%, 02/21/48 | &nbsp;&nbsp; 162 | 140647 |
| 5.75%, 06/15/43 | &nbsp;&nbsp; 286 | 304340 |
| Vulcan Materials Co. |  |  |
| 3.90%, 04/01/27 | &nbsp;&nbsp; 75 | 74973 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 112 | 97552 |
| 4.70%, 03/01/48 | &nbsp;&nbsp; 39 | 34924 |
| 4.95%, 12/01/29 | &nbsp;&nbsp; 50 | 51528 |
| 5.35%, 12/01/34 | &nbsp;&nbsp; 50 | 52120 |
| 5.70%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 125 | 125805 |
|  |  | 31125818 |
| **Chemicals — 1.1%** | **Chemicals — 1.1%** | **Chemicals — 1.1%** |
| Albemarle Corp., 5.45%, 12/01/44 | &nbsp;&nbsp; 135 | 127077 |
| Cabot Corp., 4.00%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp; 65 | 64978 |
| CF Industries, Inc. |  |  |
| 4.95%, 06/01/43 | &nbsp;&nbsp; 110 | 100911 |
| 5.38%, 03/15/44 | &nbsp;&nbsp; 176 | 168206 |
| Dow Chemical Co.(The) |  |  |
| 3.60%, 11/15/50 | &nbsp;&nbsp; 212 | 138734 |
| 4.25%, 10/01/34 | &nbsp;&nbsp; 241 | 222812 |
| 4.38%, 11/15/42 | &nbsp;&nbsp; 225 | 177930 |
| 4.63%, 10/01/44 | &nbsp;&nbsp; 108 | 87197 |
| 4.80%, 11/30/28<sup>(a)</sup> | &nbsp;&nbsp; 95 | 96545 |
| 4.80%, 01/15/31 | &nbsp;&nbsp; 75 | 74839 |
| 4.80%, 05/15/49<sup>(a)</sup> | &nbsp;&nbsp; 172 | 134159 |
| 5.15%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 390 | 388338 |
| 5.25%, 11/15/41 | &nbsp;&nbsp; 164 | 147216 |
| 5.35%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 75 | 74522 |
| 5.55%, 11/30/48 | &nbsp;&nbsp; 260 | 227585 |
| 5.60%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 60 | 51882 |
| 5.65%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 125 | 125174 |
| 6.30%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 298 | 316876 |
| 6.90%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 65 | 66632 |
| 9.40%, 05/15/39 | &nbsp;&nbsp; 294 | 377706 |
| DuPont de Nemours, Inc. |  |  |
| 4.73%, 11/15/28<sup>(d)</sup> | &nbsp;&nbsp; 282 | 285851 |
| 5.32%, 11/15/38 | &nbsp;&nbsp; 418 | 423372 |
| 5.42%, 11/15/48 | &nbsp;&nbsp; 304 | 290185 |
| Eastman Chemical Co. |  |  |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 25 | 25286 |
| 4.65%, 10/15/44<sup>(a)</sup> | &nbsp;&nbsp; 185 | 160218 |
| 4.80%, 09/01/42 | &nbsp;&nbsp; 154 | 139854 |
| Ecolab, Inc. |  |  |
| 1.30%, 01/30/31 | &nbsp;&nbsp; 787 | 692830 |
| 2.13%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 90 | 80706 |
| 2.13%, 08/15/50 | &nbsp;&nbsp; 80 | 45057 |
| 2.70%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 181 | 113531 |
| 3.25%, 12/01/27 | &nbsp;&nbsp; 2222 | 2208661 |
| 4.30%, 06/15/28 | &nbsp;&nbsp; 30 | 30354 |
| 4.80%, 03/24/30 | &nbsp;&nbsp; 1125 | 1158838 |
| 5.00%, 09/01/35 | &nbsp;&nbsp; 180 | 185892 |
| International Flavors & Fragrances, Inc. |  |  |
| 4.38%, 06/01/47 | &nbsp;&nbsp; 254 | 211070 |
| 4.45%, 09/26/28 | &nbsp;&nbsp; 291 | 293123 |
| 5.00%, 09/26/48<sup>(a)</sup> | &nbsp;&nbsp; 118 | 106570 |
| LYB International Finance BV |  |  |
| 4.88%, 03/15/44 | &nbsp;&nbsp; 205 | 171792 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 230 | 201544 |
| LYB International Finance III LLC |  |  |
| 3.63%, 04/01/51<sup>(a)</sup> | &nbsp;&nbsp; 219 | 143114 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 3.80%, 10/01/60<sup>(a)</sup> | &nbsp;&nbsp; $427 | $270680 |
| 4.20%, 10/15/49 | &nbsp;&nbsp; 262 | 190022 |
| 4.20%, 05/01/50 | &nbsp;&nbsp; 273 | 196877 |
| 5.50%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 165 | 166171 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 486 | 496323 |
| LyondellBasell Industries NV, 4.63%, 02/26/55 | &nbsp;&nbsp; 391 | 301812 |
| Mosaic Co.(The) |  |  |
| 4.05%, 11/15/27 | &nbsp;&nbsp; 140 | 140136 |
| 4.88%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 45 | 41388 |
| 5.45%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 372 | 386284 |
| 5.63%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 110 | 107615 |
| Nutrien Ltd. |  |  |
| 3.95%, 05/13/50 | &nbsp;&nbsp; 125 | 97492 |
| 4.13%, 03/15/35 | &nbsp;&nbsp; 567 | 533884 |
| 4.20%, 04/01/29 | &nbsp;&nbsp; 98 | 98379 |
| 4.90%, 06/01/43 | &nbsp;&nbsp; 92 | 84991 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 128 | 116943 |
| 5.25%, 01/15/45 | &nbsp;&nbsp; 231 | 222175 |
| 5.40%, 06/21/34<sup>(a)</sup> | &nbsp;&nbsp; 190 | 198184 |
| 5.63%, 12/01/40 | &nbsp;&nbsp; 67 | 68270 |
| 5.80%, 03/27/53<sup>(a)</sup> | &nbsp;&nbsp; 174 | 177388 |
| 5.88%, 12/01/36 | &nbsp;&nbsp; 123 | 130867 |
| 6.13%, 01/15/41 | &nbsp;&nbsp; 65 | 69501 |
| PPG Industries, Inc. |  |  |
| 2.80%, 08/15/29 | &nbsp;&nbsp; 72 | 69552 |
| 3.75%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 56 | 55901 |
| 4.38%, 03/15/31 | &nbsp;&nbsp; 150 | 150737 |
| RPM International, Inc. |  |  |
| 4.25%, 01/15/48 | &nbsp;&nbsp; 19 | 15828 |
| 4.55%, 03/01/29 | &nbsp;&nbsp; 51 | 51776 |
| 5.25%, 06/01/45 | &nbsp;&nbsp; 62 | 60357 |
| Sherwin-Williams Co.(The) |  |  |
| 2.30%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 180 | 167306 |
| 2.95%, 08/15/29 | &nbsp;&nbsp; 62 | 59904 |
| 3.30%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 85 | 59356 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 85 | 84593 |
| 3.80%, 08/15/49 | &nbsp;&nbsp; 106 | 80747 |
| 4.00%, 12/15/42 | &nbsp;&nbsp; 65 | 54551 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 553 | 477990 |
| 4.55%, 08/01/45 | &nbsp;&nbsp; 172 | 151350 |
| 5.15%, 08/15/35 | &nbsp;&nbsp; 75 | 77069 |
| Westlake Corp. |  |  |
| 3.38%, 08/15/61 | &nbsp;&nbsp; 130 | 79038 |
| 5.00%, 08/15/46 | &nbsp;&nbsp; 33 | 28981 |
|  |  | 15957585 |
| **Commercial Services — 1.3%** | **Commercial Services — 1.3%** | **Commercial Services — 1.3%** |
| Automatic Data Processing, Inc. |  |  |
| 1.25%, 09/01/30 | &nbsp;&nbsp; 4074 | 3636002 |
| 1.70%, 05/15/28 | &nbsp;&nbsp; 4758 | 4557879 |
| 4.45%, 09/09/34 | &nbsp;&nbsp; 50 | 49916 |
| 4.75%, 05/08/32 | &nbsp;&nbsp; 185 | 190883 |
| Block Financial LLC, 3.88%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 274 | 260751 |
| Global Payments, Inc. |  |  |
| 5.40%, 08/15/32 | &nbsp;&nbsp; 105 | 106889 |
| 5.95%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 144 | 137106 |
| Moody's Corp. |  |  |
| 3.10%, 11/29/61 | &nbsp;&nbsp; 195 | 120793 |
| 3.25%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 82 | 81064 |
| 3.25%, 05/20/50 | &nbsp;&nbsp; 124 | 85997 |
| 4.25%, 02/01/29 | &nbsp;&nbsp; 200 | 202053 |
| 4.25%, 08/08/32 | &nbsp;&nbsp; 170 | 169515 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 4.88%, 12/17/48 | &nbsp;&nbsp; $214 | $192520 |
| 5.25%, 07/15/44 | &nbsp;&nbsp; 32 | 31388 |
| PayPal Holdings, Inc. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 232 | 216751 |
| 2.85%, 10/01/29 | &nbsp;&nbsp; 180 | 173572 |
| 3.25%, 06/01/50 | &nbsp;&nbsp; 291 | 202075 |
| 5.05%, 06/01/52 | &nbsp;&nbsp; 81 | 72566 |
| 5.25%, 06/01/62<sup>(a)</sup> | &nbsp;&nbsp; 199 | 181913 |
| Quanta Services, Inc. |  |  |
| 2.35%, 01/15/32 | &nbsp;&nbsp; 490 | 437673 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 619 | 585152 |
| 3.05%, 10/01/41 | &nbsp;&nbsp; 181 | 138138 |
| 4.75%, 08/09/27 | &nbsp;&nbsp; 75 | 75807 |
| 5.25%, 08/09/34 | &nbsp;&nbsp; 75 | 77709 |
| RELX Capital, Inc. |  |  |
| 3.00%, 05/22/30 | &nbsp;&nbsp; 2424 | 2314073 |
| 4.00%, 03/18/29 | &nbsp;&nbsp; 2152 | 2149996 |
| 4.75%, 03/27/30 | &nbsp;&nbsp; 95 | 96931 |
| 5.25%, 03/27/35 | &nbsp;&nbsp; 275 | 283045 |
| S&P Global, Inc. |  |  |
| 2.30%, 08/15/60<sup>(a)</sup> | &nbsp;&nbsp; 730 | 375464 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 165 | 156744 |
| 3.25%, 12/01/49 | &nbsp;&nbsp; 438 | 310354 |
| 3.90%, 03/01/62 | &nbsp;&nbsp; 95 | 71673 |
| 4.25%, 01/15/31<sup>(d)</sup> | &nbsp;&nbsp; 110 | 110375 |
| 4.80%, 12/04/35<sup>(a)(d)</sup> | &nbsp;&nbsp; 60 | 60109 |
| Triton Container International Ltd./TAL International <br> Container Corp., 3.25%, 03/15/32<br>| &nbsp;&nbsp; 730 | 676311 |
|  |  | 18589187 |
| **Computers — 1.7%** | **Computers — 1.7%** | **Computers — 1.7%** |
| Apple, Inc. |  |  |
| 2.40%, 08/20/50 | &nbsp;&nbsp; 417 | 250603 |
| 2.55%, 08/20/60 | &nbsp;&nbsp; 1480 | 832198 |
| 2.65%, 05/11/50 | &nbsp;&nbsp; 346 | 219925 |
| 2.65%, 02/08/51 | &nbsp;&nbsp; 360 | 226533 |
| 2.70%, 08/05/51 | &nbsp;&nbsp; 497 | 315238 |
| 2.80%, 02/08/61 | &nbsp;&nbsp; 364 | 216688 |
| 2.85%, 08/05/61 | &nbsp;&nbsp; 428 | 257328 |
| 2.95%, 09/11/49 | &nbsp;&nbsp; 306 | 209092 |
| 3.35%, 08/08/32 | &nbsp;&nbsp; 210 | 203506 |
| 3.45%, 02/09/45 | &nbsp;&nbsp; 323 | 255197 |
| 3.75%, 09/12/47 | &nbsp;&nbsp; 170 | 136402 |
| 3.75%, 11/13/47 | &nbsp;&nbsp; 82 | 65819 |
| 3.85%, 05/04/43<sup>(a)</sup> | &nbsp;&nbsp; 256 | 219471 |
| 3.85%, 08/04/46 | &nbsp;&nbsp; 588 | 484333 |
| 3.95%, 08/08/52 | &nbsp;&nbsp; 568 | 456988 |
| 4.10%, 08/08/62 | &nbsp;&nbsp; 425 | 338455 |
| 4.25%, 02/09/47 | &nbsp;&nbsp; 322 | 279866 |
| 4.38%, 05/13/45 | &nbsp;&nbsp; 225 | 203230 |
| 4.50%, 02/23/36<sup>(a)</sup> | &nbsp;&nbsp; 141 | 144256 |
| 4.65%, 02/23/46 | &nbsp;&nbsp; 1055 | 982619 |
| Dell International LLC/EMC Corp. |  |  |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 35 | 36245 |
| 8.10%, 07/15/36 | &nbsp;&nbsp; 227 | 275659 |
| 8.35%, 07/15/46<sup>(a)</sup> | &nbsp;&nbsp; 249 | 318605 |
| Dell, Inc., 6.50%, 04/15/38 | &nbsp;&nbsp; 245 | 266113 |
| DXC Technology Co., 2.38%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 65 | 61301 |
| Gartner, Inc. |  |  |
| 4.95%, 03/20/31 | &nbsp;&nbsp; 520 | 512742 |
| 5.60%, 11/20/35 | &nbsp;&nbsp; 525 | 502865 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| Hewlett Packard Enterprise Co. |  |  |
| 4.05%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp; $225 | $225374 |
| 4.15%, 09/15/28 | &nbsp;&nbsp; 225 | 225504 |
| 4.40%, 09/25/27 | &nbsp;&nbsp; 642 | 645779 |
| 4.40%, 10/15/30 | &nbsp;&nbsp; 405 | 405532 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 1000 | 1012103 |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 574 | 582206 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 670 | 662596 |
| 5.25%, 07/01/28 | &nbsp;&nbsp; 759 | 779074 |
| 5.60%, 10/15/54<sup>(a)</sup> | &nbsp;&nbsp; 325 | 299055 |
| 6.20%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 530 | 574291 |
| HP, Inc. |  |  |
| 4.20%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 440 | 426775 |
| 5.40%, 04/25/30 | &nbsp;&nbsp; 75 | 77747 |
| 5.50%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 425 | 436627 |
| 6.00%, 09/15/41<sup>(a)</sup> | &nbsp;&nbsp; 506 | 506907 |
| 6.10%, 04/25/35<sup>(a)</sup> | &nbsp;&nbsp; 70 | 74795 |
| IBM International Capital Pte Ltd. |  |  |
| 4.90%, 02/05/34 | &nbsp;&nbsp; 147 | 148799 |
| 5.30%, 02/05/54 | &nbsp;&nbsp; 245 | 228247 |
| International Business Machines Corp. |  |  |
| 2.95%, 05/15/50 | &nbsp;&nbsp; 238 | 153671 |
| 3.50%, 05/15/29 | &nbsp;&nbsp; 1238 | 1219873 |
| 4.00%, 02/03/29 | &nbsp;&nbsp; 200 | 200713 |
| 4.00%, 06/20/42 | &nbsp;&nbsp; 180 | 151543 |
| 4.15%, 05/15/39 | &nbsp;&nbsp; 179 | 160506 |
| 4.25%, 05/15/49 | &nbsp;&nbsp; 575 | 464728 |
| 4.30%, 02/03/31 | &nbsp;&nbsp; 200 | 201146 |
| 4.60%, 02/03/33 | &nbsp;&nbsp; 200 | 201556 |
| 4.70%, 02/19/46 | &nbsp;&nbsp; 159 | 141211 |
| 4.75%, 02/06/33<sup>(a)</sup> | &nbsp;&nbsp; 275 | 279975 |
| 4.90%, 07/27/52 | &nbsp;&nbsp; 95 | 83823 |
| 4.95%, 02/03/36<sup>(a)</sup> | &nbsp;&nbsp; 300 | 299373 |
| 5.10%, 02/06/53 | &nbsp;&nbsp; 90 | 81664 |
| 5.60%, 11/30/39<sup>(a)</sup> | &nbsp;&nbsp; 191 | 198583 |
| 5.70%, 02/10/55 | &nbsp;&nbsp; 180 | 177286 |
| 5.80%, 02/03/56 | &nbsp;&nbsp; 215 | 215252 |
| 5.88%, 11/29/32<sup>(a)</sup> | &nbsp;&nbsp; 363 | 393362 |
| 6.22%, 08/01/27 | &nbsp;&nbsp; 314 | 324519 |
| 6.50%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 157 | 164540 |
| 7.13%, 12/01/96 | &nbsp;&nbsp; 97 | 113626 |
| Kyndryl Holdings, Inc., 3.15%, 10/15/31 | &nbsp;&nbsp; 25 | 21157 |
| Leidos, Inc. |  |  |
| 2.30%, 02/15/31 | &nbsp;&nbsp; 215 | 195218 |
| 4.38%, 05/15/30 | &nbsp;&nbsp; 656 | 658160 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 100 | 99768 |
| NetApp, Inc. |  |  |
| 2.70%, 06/22/30<sup>(a)</sup> | &nbsp;&nbsp; 1760 | 1650640 |
| 5.50%, 03/17/32 | &nbsp;&nbsp; 535 | 557599 |
| 5.70%, 03/17/35 | &nbsp;&nbsp; 465 | 484542 |
| Teledyne FLIR LLC, 2.50%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 75 | 70270 |
|  |  | 24546992 |
| **Cosmetics & Personal Care — 0.6%** | **Cosmetics & Personal Care — 0.6%** | **Cosmetics & Personal Care — 0.6%** |
| Colgate-Palmolive Co. |  |  |
| 3.70%, 08/01/47 | &nbsp;&nbsp; 642 | 517603 |
| 4.00%, 08/15/45<sup>(a)</sup> | &nbsp;&nbsp; 321 | 281131 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 2.38%, 12/01/29 | &nbsp;&nbsp; 73 | 68861 |
| 3.13%, 12/01/49 | &nbsp;&nbsp; 203 | 138540 |
| 4.15%, 03/15/47 | &nbsp;&nbsp; 121 | 99176 |
| 4.38%, 06/15/45 | &nbsp;&nbsp; 94 | 81048 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** |
| 6.00%, 05/15/37<sup>(a)</sup> | &nbsp;&nbsp; $69 | $76186 |
| Kenvue, Inc. |  |  |
| 4.85%, 05/22/32 | &nbsp;&nbsp; 75 | 77541 |
| 5.05%, 03/22/53<sup>(a)</sup> | &nbsp;&nbsp; 80 | 74550 |
| 5.20%, 03/22/63 | &nbsp;&nbsp; 588 | 546080 |
| Procter & Gamble Co.(The) |  |  |
| 2.80%, 03/25/27 | &nbsp;&nbsp; 90 | 89209 |
| 2.85%, 08/11/27 | &nbsp;&nbsp; 1291 | 1279251 |
| 3.00%, 03/25/30 | &nbsp;&nbsp; 65 | 63172 |
| 3.50%, 10/25/47<sup>(a)</sup> | &nbsp;&nbsp; 180 | 142983 |
| 3.55%, 03/25/40 | &nbsp;&nbsp; 25 | 22049 |
| 3.60%, 03/25/50<sup>(a)</sup> | &nbsp;&nbsp; 30 | 23571 |
| 4.10%, 11/03/32<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75416 |
| 4.35%, 11/03/35 | &nbsp;&nbsp; 75 | 74706 |
| 4.60%, 05/01/35 | &nbsp;&nbsp; 225 | 229797 |
| 5.55%, 03/05/37 | &nbsp;&nbsp; 465 | 509372 |
| 5.80%, 08/15/34 | &nbsp;&nbsp; 204 | 225776 |
| Unilever Capital Corp. |  |  |
| 1.38%, 09/14/30<sup>(a)</sup> | &nbsp;&nbsp; 395 | 356584 |
| 1.75%, 08/12/31 | &nbsp;&nbsp; 1035 | 922116 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 355 | 336417 |
| 3.50%, 03/22/28 | &nbsp;&nbsp; 490 | 488543 |
| 4.63%, 08/12/34 | &nbsp;&nbsp; 100 | 101585 |
| 5.00%, 12/08/33 | &nbsp;&nbsp; 481 | 504588 |
| 5.90%, 11/15/32 | &nbsp;&nbsp; 611 | 674798 |
| Series 30Y, 2.63%, 08/12/51 | &nbsp;&nbsp; 389 | 247741 |
|  |  | 8328390 |
| **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** |
| LKQ Corp. |  |  |
| 5.75%, 06/15/28 | &nbsp;&nbsp; 1815 | 1864185 |
| 6.25%, 06/15/33 | &nbsp;&nbsp; 1930 | 2045628 |
| WW Grainger, Inc. |  |  |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 354 | 288461 |
| 4.20%, 05/15/47 | &nbsp;&nbsp; 216 | 186543 |
| 4.45%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1739 | 1743859 |
| 4.60%, 06/15/45 | &nbsp;&nbsp; 358 | 330623 |
|  |  | 6459299 |
| **Diversified Financial Services — 3.3%** | **Diversified Financial Services — 3.3%** | **Diversified Financial Services — 3.3%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.00%, 10/29/28 | &nbsp;&nbsp; 709 | 689431 |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 1056 | 986452 |
| 3.40%, 10/29/33 | &nbsp;&nbsp; 704 | 642342 |
| 3.65%, 07/21/27 | &nbsp;&nbsp; 290 | 288884 |
| 3.85%, 10/29/41 | &nbsp;&nbsp; 372 | 309407 |
| 3.88%, 01/23/28 | &nbsp;&nbsp; 527 | 525684 |
| 4.63%, 10/15/27 | &nbsp;&nbsp; 326 | 328949 |
| 4.95%, 09/10/34 | &nbsp;&nbsp; 87 | 87204 |
| 5.30%, 01/19/34 | &nbsp;&nbsp; 419 | 431103 |
| 6.50%, 01/31/56, (5-year CMT + 2.44%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51811 |
| 6.95%, 03/10/55, (5-year CMT + 2.72%)<sup>(b)</sup> | &nbsp;&nbsp; 581 | 613045 |
| Air Lease Corp. |  |  |
| 2.88%, 01/15/32 | &nbsp;&nbsp; 246 | 223113 |
| 3.00%, 02/01/30 | &nbsp;&nbsp; 139 | 131591 |
| 3.13%, 12/01/30 | &nbsp;&nbsp; 55 | 51644 |
| 3.25%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 167 | 161107 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 251 | 249942 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 253 | 251277 |
| 4.63%, 10/01/28 | &nbsp;&nbsp; 228 | 229878 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Ally Financial, Inc. |  |  |
| 6.85%, 01/03/30, (1-day SOFR + 2.82%)<sup>(b)</sup> | &nbsp;&nbsp; $95 | $100472 |
| 8.00%, 11/01/31 | &nbsp;&nbsp; 827 | 938680 |
| American Express Co. |  |  |
| 4.05%, 12/03/42 | &nbsp;&nbsp; 355 | 309788 |
| 4.35%, 07/20/29, (1-day SOFR + 0.81%)<sup>(b)</sup> | &nbsp;&nbsp; 455 | 459058 |
| 4.42%, 08/03/33, (1-day SOFR + 1.76%)<sup>(b)</sup> | &nbsp;&nbsp; 202 | 201702 |
| 4.46%, 02/10/32, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 145 | 146429 |
| 4.80%, 10/24/36, (1-day SOFR + 1.24%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 222879 |
| 4.92%, 07/20/33, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 255653 |
| 4.99%, 05/26/33, (1-day SOFR + 2.26%)<sup>(b)</sup> | &nbsp;&nbsp; 75 | 76572 |
| 5.02%, 04/25/31, (1-day SOFR + 1.44%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 425 | 438450 |
| 5.04%, 05/01/34, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 195 | 200107 |
| 5.28%, 07/26/35, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 610 | 632462 |
| 5.44%, 01/30/36, (1-day SOFR Index + <br> 1.32%)<sup>(b)</sup><br>| &nbsp;&nbsp; 245 | 255233 |
| 5.53%, 04/25/30, (1-day SOFR Index + <br> 1.09%)<sup>(b)</sup><br>| &nbsp;&nbsp; 115 | 120128 |
| 5.63%, 07/28/34, (1-day SOFR + 1.93%)<sup>(b)</sup> | &nbsp;&nbsp; 402 | 421720 |
| 5.67%, 04/25/36, (1-day SOFR + 1.79%)<sup>(b)</sup> | &nbsp;&nbsp; 335 | 354556 |
| 5.92%, 04/25/35, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 475 | 507326 |
| 6.49%, 10/30/31, (1-day SOFR + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; 290 | 317430 |
| American Express Credit Corp., 3.30%, 05/03/27 | &nbsp;&nbsp; 785 | 780726 |
| Apollo Global Management, Inc., 6.00%, 12/15/54, <br> (5-year CMT + 2.17%)<sup>(b)</sup><br>| &nbsp;&nbsp; 40 | 38447 |
| Brookfield Capital Finance LLC, 6.09%, 06/14/33 | &nbsp;&nbsp; 557 | 590980 |
| Brookfield Finance I U.K. PLC/Brookfield Finance, <br> Inc., 2.34%, 01/30/32<br>| &nbsp;&nbsp; 599 | 528394 |
| Brookfield Finance LLC/Brookfield Finance, Inc., <br> 3.45%, 04/15/50<br>| &nbsp;&nbsp; 284 | 192171 |
| Brookfield Finance, Inc. |  |  |
| 3.50%, 03/30/51 | &nbsp;&nbsp; 243 | 166681 |
| 3.63%, 02/15/52 | &nbsp;&nbsp; 145 | 101181 |
| 3.90%, 01/25/28 | &nbsp;&nbsp; 391 | 390281 |
| 4.35%, 04/15/30 | &nbsp;&nbsp; 39 | 39030 |
| 4.70%, 09/20/47 | &nbsp;&nbsp; 234 | 200785 |
| 4.85%, 03/29/29 | &nbsp;&nbsp; 322 | 327644 |
| 5.33%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 90 | 89771 |
| 5.68%, 01/15/35 | &nbsp;&nbsp; 466 | 480848 |
| 5.97%, 03/04/54 | &nbsp;&nbsp; 175 | 174242 |
| 6.35%, 01/05/34<sup>(a)</sup> | &nbsp;&nbsp; 435 | 471306 |
| Capital One Financial Corp. |  |  |
| 2.36%, 07/29/32, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 442 | 389520 |
| 2.62%, 11/02/32, (1-day SOFR + 1.27%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 199320 |
| 3.27%, 03/01/30, (1-day SOFR + 1.79%)<sup>(b)</sup> | &nbsp;&nbsp; 70 | 68273 |
| 3.80%, 01/31/28 | &nbsp;&nbsp; 530 | 528314 |
| 4.72%, 01/30/32, (1-day SOFR + 1.15%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 125966 |
| 4.93%, 05/10/28, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 237325 |
| 5.20%, 09/11/36, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 199517 |
| 5.25%, 07/26/30, (1-day SOFR + 2.60%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 206468 |
| 5.27%, 05/10/33, (1-day SOFR + 2.37%)<sup>(b)</sup> | &nbsp;&nbsp; 540 | 553696 |
| 5.40%, 01/30/37, (1-day SOFR + 1.51%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 125 | 126100 |
| 5.82%, 02/01/34, (1-day SOFR + 2.60%)<sup>(b)</sup> | &nbsp;&nbsp; 165 | 174122 |
| 5.88%, 07/26/35, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 185 | 194875 |
| 6.18%, 01/30/36, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 135 | 140405 |
| 6.31%, 06/08/29, (1-day SOFR + 2.64%)<sup>(b)</sup> | &nbsp;&nbsp; 170 | 177756 |
| 6.38%, 06/08/34, (1-day SOFR + 2.86%)<sup>(b)</sup> | &nbsp;&nbsp; 385 | 417478 |
| 6.70%, 11/29/32 | &nbsp;&nbsp; 424 | 471545 |
| 7.62%, 10/30/31, (1-day SOFR + 3.07%)<sup>(b)</sup> | &nbsp;&nbsp; 95 | 107323 |
| 7.96%, 11/02/34, (1-day SOFR + 3.37%)<sup>(b)</sup> | &nbsp;&nbsp; 690 | 812016 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Cboe Global Markets, Inc. |  |  |
| 1.63%, 12/15/30 | &nbsp;&nbsp; $50 | $44699 |
| 3.00%, 03/16/32 | &nbsp;&nbsp; 567 | 530119 |
| Charles Schwab Corp.(The) |  |  |
| 1.95%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp; 230 | 203785 |
| 2.00%, 03/20/28 | &nbsp;&nbsp; 175 | 168996 |
| 2.30%, 05/13/31 | &nbsp;&nbsp; 155 | 141692 |
| 2.90%, 03/03/32 | &nbsp;&nbsp; 430 | 397293 |
| 3.20%, 01/25/28 | &nbsp;&nbsp; 89 | 88234 |
| 3.25%, 05/22/29 | &nbsp;&nbsp; 5 | 4916 |
| 4.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 50 | 50339 |
| 4.63%, 03/22/30 | &nbsp;&nbsp; 105 | 107997 |
| 5.85%, 05/19/34, (1-day SOFR + 2.50%)<sup>(b)</sup> | &nbsp;&nbsp; 60 | 64419 |
| 6.14%, 08/24/34, (1-day SOFR + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 230 | 251002 |
| CME Group, Inc. |  |  |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 20 | 18494 |
| 3.75%, 06/15/28 | &nbsp;&nbsp; 99 | 99053 |
| 5.30%, 09/15/43 | &nbsp;&nbsp; 45 | 45987 |
| Eaton Vance Corp., 3.50%, 04/06/27 | &nbsp;&nbsp; 175 | 174469 |
| Franklin Resources, Inc., 2.95%, 08/12/51 | &nbsp;&nbsp; 35 | 22512 |
| Intercontinental Exchange, Inc. |  |  |
| 1.85%, 09/15/32 | &nbsp;&nbsp; 145 | 124878 |
| 2.65%, 09/15/40 | &nbsp;&nbsp; 107 | 79916 |
| 3.00%, 06/15/50 | &nbsp;&nbsp; 457 | 301570 |
| 3.00%, 09/15/60 | &nbsp;&nbsp; 843 | 504934 |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 65 | 64355 |
| 3.75%, 09/21/28 | &nbsp;&nbsp; 155 | 154456 |
| 3.95%, 12/01/28 | &nbsp;&nbsp; 70 | 70159 |
| 4.20%, 03/15/31 | &nbsp;&nbsp; 75 | 75492 |
| 4.25%, 09/21/48 | &nbsp;&nbsp; 356 | 296958 |
| 4.60%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 185 | 187623 |
| 4.95%, 06/15/52<sup>(a)</sup> | &nbsp;&nbsp; 285 | 260300 |
| 5.20%, 06/15/62 | &nbsp;&nbsp; 350 | 324131 |
| Invesco Finance PLC, 5.38%, 11/30/43 | &nbsp;&nbsp; 186 | 182812 |
| Janus Henderson U.S. Holdings, Inc., 5.45%, <br> 09/10/34<br>| &nbsp;&nbsp; 1305 | 1323605 |
| Jefferies Financial Group, Inc. |  |  |
| 2.63%, 10/15/31 | &nbsp;&nbsp; 15 | 13330 |
| 4.15%, 01/23/30 | &nbsp;&nbsp; 52 | 51228 |
| 6.25%, 01/15/36 | &nbsp;&nbsp; 93 | 97230 |
| 6.50%, 01/20/43 | &nbsp;&nbsp; 80 | 81493 |
| Lazard Group LLC |  |  |
| 5.63%, 08/01/35 | &nbsp;&nbsp; 320 | 331273 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 20 | 21311 |
| Legg Mason, Inc., 5.63%, 01/15/44 | &nbsp;&nbsp; 282 | 281882 |
| LPL Holdings, Inc. |  |  |
| 5.65%, 03/15/35 | &nbsp;&nbsp; 240 | 243844 |
| 5.75%, 06/15/35 | &nbsp;&nbsp; 620 | 633087 |
| Mastercard, Inc. |  |  |
| 2.95%, 06/01/29 | &nbsp;&nbsp; 70 | 68179 |
| 2.95%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 173 | 115070 |
| 3.35%, 03/26/30 | &nbsp;&nbsp; 65 | 63862 |
| 3.65%, 06/01/49 | &nbsp;&nbsp; 429 | 330421 |
| 3.80%, 11/21/46 | &nbsp;&nbsp; 121 | 98132 |
| 3.85%, 03/26/50 | &nbsp;&nbsp; 326 | 257935 |
| 3.95%, 02/26/48 | &nbsp;&nbsp; 208 | 169253 |
| 4.55%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 240 | 241563 |
| 4.88%, 05/09/34 | &nbsp;&nbsp; 175 | 180396 |
| 4.95%, 03/15/32 | &nbsp;&nbsp; 150 | 156654 |
| Nasdaq, Inc. |  |  |
| 1.65%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 240 | 214229 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 3.25%, 04/28/50<sup>(a)</sup> | &nbsp;&nbsp; $229 | $156551 |
| 3.95%, 03/07/52 | &nbsp;&nbsp; 215 | 163230 |
| 5.35%, 06/28/28 | &nbsp;&nbsp; 438 | 450720 |
| 5.55%, 02/15/34 | &nbsp;&nbsp; 673 | 709082 |
| 5.95%, 08/15/53<sup>(a)</sup> | &nbsp;&nbsp; 104 | 107814 |
| 6.10%, 06/28/63 | &nbsp;&nbsp; 146 | 151576 |
| Nomura Holdings, Inc. |  |  |
| 2.17%, 07/14/28 | &nbsp;&nbsp; 735 | 703231 |
| 2.61%, 07/14/31 | &nbsp;&nbsp; 657 | 599317 |
| 2.68%, 07/16/30 | &nbsp;&nbsp; 407 | 380478 |
| 2.71%, 01/22/29 | &nbsp;&nbsp; 306 | 294334 |
| 3.00%, 01/22/32 | &nbsp;&nbsp; 200 | 184458 |
| 3.10%, 01/16/30 | &nbsp;&nbsp; 740 | 709614 |
| 4.90%, 07/01/30 | &nbsp;&nbsp; 200 | 204560 |
| 5.39%, 07/06/27 | &nbsp;&nbsp; 200 | 203448 |
| 5.49%, 06/29/35 | &nbsp;&nbsp; 200 | 208454 |
| 5.61%, 07/06/29 | &nbsp;&nbsp; 70 | 73113 |
| 5.78%, 07/03/34 | &nbsp;&nbsp; 235 | 249703 |
| 5.84%, 01/18/28 | &nbsp;&nbsp; 245 | 252747 |
| 6.07%, 07/12/28 | &nbsp;&nbsp; 210 | 219289 |
| 6.09%, 07/12/33 | &nbsp;&nbsp; 200 | 217133 |
| 6.18%, 01/18/33 | &nbsp;&nbsp; 200 | 217587 |
| ORIX Corp. |  |  |
| 2.25%, 03/09/31 | &nbsp;&nbsp; 74 | 67444 |
| 3.70%, 07/18/27 | &nbsp;&nbsp; 61 | 60851 |
| 4.00%, 04/13/32 | &nbsp;&nbsp; 225 | 221589 |
| 5.20%, 09/13/32 | &nbsp;&nbsp; 145 | 151666 |
| 5.40%, 02/25/35 | &nbsp;&nbsp; 75 | 78334 |
| Raymond James Financial, Inc. |  |  |
| 3.75%, 04/01/51 | &nbsp;&nbsp; 185 | 136918 |
| 4.65%, 04/01/30 | &nbsp;&nbsp; 342 | 349826 |
| 4.90%, 09/11/35 | &nbsp;&nbsp; 45 | 44886 |
| 4.95%, 07/15/46 | &nbsp;&nbsp; 264 | 243054 |
| 5.65%, 09/11/55 | &nbsp;&nbsp; 70 | 68312 |
| Synchrony Financial |  |  |
| 2.88%, 10/28/31 | &nbsp;&nbsp; 259 | 232423 |
| 3.95%, 12/01/27 | &nbsp;&nbsp; 907 | 903097 |
| 4.95%, 02/25/32, (1-day SOFR + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49670 |
| 5.15%, 03/19/29 | &nbsp;&nbsp; 629 | 639215 |
| 5.94%, 08/02/30, (1-day SOFR + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 243873 |
| 6.00%, 07/29/36, (1-day SOFR + 2.07%)<sup>(b)</sup> | &nbsp;&nbsp; 575 | 585872 |
| UBS Americas, Inc., 7.13%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 655 | 754837 |
| Visa, Inc. |  |  |
| 2.00%, 08/15/50<sup>(a)</sup> | &nbsp;&nbsp; 307 | 168960 |
| 3.65%, 09/15/47<sup>(a)</sup> | &nbsp;&nbsp; 253 | 200163 |
| 3.80%, 02/12/29 | &nbsp;&nbsp; 150 | 150751 |
| 4.10%, 02/12/31 | &nbsp;&nbsp; 150 | 151744 |
| 4.15%, 12/14/35<sup>(a)</sup> | &nbsp;&nbsp; 598 | 585467 |
| 4.30%, 12/14/45 | &nbsp;&nbsp; 658 | 579328 |
| 4.40%, 02/12/33 | &nbsp;&nbsp; 150 | 151661 |
| 4.70%, 02/12/36 | &nbsp;&nbsp; 150 | 151516 |
| Voya Financial, Inc., 4.70%, 01/23/48, (3-mo. <br> SOFR US + 2.34%)<sup>(b)</sup><br>| &nbsp;&nbsp; 195 | 187593 |
| Western Union Co. (The), 6.20%, 11/17/36<sup>(a)</sup> | &nbsp;&nbsp; 299 | 310927 |
|  |  | 45855998 |
| **Electric — 8.3%** | **Electric — 8.3%** | **Electric — 8.3%** |
| AEP Texas, Inc. |  |  |
| 3.45%, 05/15/51 | &nbsp;&nbsp; 654 | 450796 |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 416 | 420868 |
| 5.25%, 05/15/52 | &nbsp;&nbsp; 435 | 401049 |
| 5.40%, 06/01/33 | &nbsp;&nbsp; 727 | 756212 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.70%, 05/15/34 | &nbsp;&nbsp; $497 | $525898 |
| 5.85%, 10/15/55 | &nbsp;&nbsp; 260 | 259526 |
| Series G, 4.15%, 05/01/49 | &nbsp;&nbsp; 115 | 90182 |
| Series H, 3.45%, 01/15/50 | &nbsp;&nbsp; 202 | 141306 |
| Atlantic City Electric Co., 2.30%, 03/15/31 | &nbsp;&nbsp; 55 | 50541 |
| Avangrid, Inc., 3.80%, 06/01/29 | &nbsp;&nbsp; 4905 | 4867077 |
| Avista Corp. |  |  |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 888 | 690561 |
| 4.35%, 06/01/48 | &nbsp;&nbsp; 560 | 470720 |
| Baltimore Gas and Electric Co. |  |  |
| 3.20%, 09/15/49 | &nbsp;&nbsp; 619 | 426210 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 474 | 358549 |
| 3.75%, 08/15/47 | &nbsp;&nbsp; 408 | 317304 |
| 4.25%, 09/15/48 | &nbsp;&nbsp; 346 | 290080 |
| 5.40%, 06/01/53 | &nbsp;&nbsp; 87 | 84837 |
| 5.45%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 285 | 299325 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 370 | 372894 |
| 6.35%, 10/01/36 | &nbsp;&nbsp; 185 | 207155 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 3.55%, 08/01/42 | &nbsp;&nbsp; 337 | 272997 |
| 3.60%, 03/01/52 | &nbsp;&nbsp; 600 | 447516 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 289 | 233678 |
| 4.50%, 04/01/44 | &nbsp;&nbsp; 201 | 179547 |
| 5.30%, 04/01/53 | &nbsp;&nbsp; 105 | 101868 |
| Series AC, 4.25%, 02/01/49 | &nbsp;&nbsp; 100 | 84566 |
| Series AD, 2.90%, 07/01/50 | &nbsp;&nbsp; 190 | 124563 |
| Series AF, 3.35%, 04/01/51 | &nbsp;&nbsp; 345 | 245648 |
| Series AQ, 4.95%, 08/15/35 | &nbsp;&nbsp; 25 | 25398 |
| Series AR, 4.85%, 04/01/36 | &nbsp;&nbsp; 50 | 50179 |
| Series K2, 6.95%, 03/15/33 | &nbsp;&nbsp; 98 | 111918 |
| Cleveland Electric Illuminating Co. (The), 5.95%, <br> 12/15/36<br>| &nbsp;&nbsp; 545 | 578972 |
| CMS Energy Corp. |  |  |
| 3.75%, 12/01/50, (5-year CMT + 2.90%)<sup>(b)</sup> | &nbsp;&nbsp; 535 | 499059 |
| 4.75%, 06/01/50, (5-year CMT + 4.12%)<sup>(b)</sup> | &nbsp;&nbsp; 645 | 638207 |
| 6.50%, 06/01/55, (5-year CMT + 1.96%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 244904 |
| Commonwealth Edison Co. |  |  |
| 2.20%, 03/01/30 | &nbsp;&nbsp; 1162 | 1086486 |
| 3.00%, 03/01/50 | &nbsp;&nbsp; 400 | 265670 |
| 3.65%, 06/15/46 | &nbsp;&nbsp; 239 | 186080 |
| 3.70%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 261 | 260658 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 214 | 170496 |
| 3.80%, 10/01/42 | &nbsp;&nbsp; 190 | 156509 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 377 | 305984 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 305 | 245010 |
| 4.35%, 11/15/45 | &nbsp;&nbsp; 177 | 153669 |
| 4.60%, 08/15/43 | &nbsp;&nbsp; 60 | 54508 |
| 4.70%, 01/15/44 | &nbsp;&nbsp; 128 | 117053 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 60 | 63119 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 123 | 123956 |
| 5.90%, 03/15/36 | &nbsp;&nbsp; 388 | 422696 |
| 5.95%, 06/01/55 | &nbsp;&nbsp; 275 | 287198 |
| 6.45%, 01/15/38 | &nbsp;&nbsp; 169 | 191102 |
| Series 122, 2.95%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 56 | 55408 |
| Series 123, 3.75%, 08/15/47 | &nbsp;&nbsp; 294 | 228967 |
| Series 127, 3.20%, 11/15/49 | &nbsp;&nbsp; 297 | 204462 |
| Series 131, 2.75%, 09/01/51 | &nbsp;&nbsp; 40 | 24779 |
| Series 133, 3.85%, 03/15/52 | &nbsp;&nbsp; 35 | 26632 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 792 | 643227 |
| 4.30%, 04/15/44 | &nbsp;&nbsp; 380 | 331505 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.95%, 01/15/30 | &nbsp;&nbsp; $50 | $51656 |
| 4.95%, 08/15/34 | &nbsp;&nbsp; 45 | 45872 |
| 5.25%, 01/15/53 | &nbsp;&nbsp; 390 | 374448 |
| Series A, 2.05%, 07/01/31 | &nbsp;&nbsp; 460 | 413371 |
| Series A, 3.20%, 03/15/27 | &nbsp;&nbsp; 1109 | 1103642 |
| Series A, 4.15%, 06/01/45<sup>(a)</sup> | &nbsp;&nbsp; 574 | 487630 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 3.60%, 06/15/61<sup>(a)</sup> | &nbsp;&nbsp; 163 | 113493 |
| 3.70%, 11/15/59 | &nbsp;&nbsp; 304 | 215465 |
| 3.80%, 05/15/28 | &nbsp;&nbsp; 96 | 96029 |
| 3.85%, 06/15/46 | &nbsp;&nbsp; 335 | 266822 |
| 3.95%, 03/01/43 | &nbsp;&nbsp; 115 | 96970 |
| 4.45%, 03/15/44 | &nbsp;&nbsp; 267 | 235964 |
| 4.50%, 12/01/45 | &nbsp;&nbsp; 297 | 261296 |
| 4.50%, 05/15/58 | &nbsp;&nbsp; 135 | 111836 |
| 4.63%, 12/01/54 | &nbsp;&nbsp; 180 | 154386 |
| 5.70%, 06/15/40 | &nbsp;&nbsp; 135 | 142374 |
| Series 05-A, 5.30%, 03/01/35 | &nbsp;&nbsp; 220 | 229323 |
| Series 06-A, 5.85%, 03/15/36 | &nbsp;&nbsp; 199 | 215740 |
| Series 06-B, 6.20%, 06/15/36 | &nbsp;&nbsp; 155 | 171471 |
| Series 07-A, 6.30%, 08/15/37<sup>(a)</sup> | &nbsp;&nbsp; 153 | 171255 |
| Series 08-B, 6.75%, 04/01/38 | &nbsp;&nbsp; 238 | 275249 |
| Series 09-C, 5.50%, 12/01/39 | &nbsp;&nbsp; 192 | 199627 |
| Series 12-A, 4.20%, 03/15/42 | &nbsp;&nbsp; 159 | 138531 |
| Series 2017, 3.88%, 06/15/47 | &nbsp;&nbsp; 123 | 97235 |
| Series 20A, 3.35%, 04/01/30 | &nbsp;&nbsp; 463 | 451844 |
| Series 20B, 3.95%, 04/01/50 | &nbsp;&nbsp; 294 | 232998 |
| Series A, 4.13%, 05/15/49 | &nbsp;&nbsp; 243 | 195542 |
| Series B, 3.13%, 11/15/27 | &nbsp;&nbsp; 96 | 95096 |
| Series C, 3.00%, 12/01/60 | &nbsp;&nbsp; 535 | 319224 |
| Series C, 4.00%, 11/15/57 | &nbsp;&nbsp; 165 | 124667 |
| Series C, 4.30%, 12/01/56 | &nbsp;&nbsp; 189 | 152566 |
| Series D, 4.00%, 12/01/28 | &nbsp;&nbsp; 291 | 292905 |
| Series E, 4.65%, 12/01/48 | &nbsp;&nbsp; 118 | 103656 |
| Constellation Energy Generation LLC |  |  |
| 5.60%, 06/15/42 | &nbsp;&nbsp; 64 | 65003 |
| 5.75%, 10/01/41 | &nbsp;&nbsp; 92 | 95169 |
| 5.80%, 03/01/33 | &nbsp;&nbsp; 580 | 622174 |
| 6.25%, 10/01/39 | &nbsp;&nbsp; 205 | 224590 |
| Delmarva Power & Light Co., 4.15%, 05/15/45 | &nbsp;&nbsp; 249 | 212961 |
| Edison International |  |  |
| 4.13%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 613 | 609859 |
| 4.80%, 03/15/31 | &nbsp;&nbsp; 75 | 74961 |
| 5.25%, 03/15/32 | &nbsp;&nbsp; 350 | 356410 |
| 5.75%, 06/15/27 | &nbsp;&nbsp; 219 | 222315 |
| 6.95%, 11/15/29 | &nbsp;&nbsp; 335 | 360400 |
| El Paso Electric Co. |  |  |
| 5.00%, 12/01/44 | &nbsp;&nbsp; 125 | 113908 |
| 6.00%, 05/15/35 | &nbsp;&nbsp; 92 | 97314 |
| Enel Chile SA, 4.88%, 06/12/28 | &nbsp;&nbsp; 1200 | 1218571 |
| Entergy Corp. |  |  |
| 6.10%, 06/15/56, (5-year CMT + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15129 |
| 7.13%, 12/01/54, (5-year CMT + 2.67%)<sup>(b)</sup> | &nbsp;&nbsp; 165 | 172704 |
| Entergy Louisiana LLC |  |  |
| 2.90%, 03/15/51 | &nbsp;&nbsp; 624 | 398408 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 220 | 179651 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 338 | 273385 |
| 4.95%, 01/15/45 | &nbsp;&nbsp; 595 | 554782 |
| 5.70%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 339 | 339935 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Entergy Texas, Inc. |  |  |
| 5.00%, 09/15/52 | &nbsp;&nbsp; $164 | $147478 |
| 5.80%, 09/01/53 | &nbsp;&nbsp; 330 | 336369 |
| Eversource Energy |  |  |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 235 | 215615 |
| 3.38%, 03/01/32 | &nbsp;&nbsp; 190 | 178112 |
| 3.45%, 01/15/50 | &nbsp;&nbsp; 556 | 395307 |
| 4.45%, 12/15/30 | &nbsp;&nbsp; 100 | 100652 |
| 5.13%, 05/15/33 | &nbsp;&nbsp; 334 | 341276 |
| 5.45%, 03/01/28 | &nbsp;&nbsp; 135 | 138553 |
| 5.50%, 01/01/34 | &nbsp;&nbsp; 461 | 478387 |
| 5.85%, 04/15/31 | &nbsp;&nbsp; 85 | 90396 |
| 5.95%, 07/15/34 | &nbsp;&nbsp; 429 | 458345 |
| Series A, 6.10%, 08/15/56, (5-year CMT + <br> 2.52%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 5024 |
| Series B, 6.35%, 08/15/56<sup>(b)</sup> | &nbsp;&nbsp; 400 | 402530 |
| Series M, 3.30%, 01/15/28 | &nbsp;&nbsp; 343 | 338565 |
| Series O, 4.25%, 04/01/29 | &nbsp;&nbsp; 432 | 433598 |
| Series R, 1.65%, 08/15/30 | &nbsp;&nbsp; 2622 | 2342464 |
| Exelon Corp. |  |  |
| 4.05%, 04/15/30 | &nbsp;&nbsp; 1023 | 1020082 |
| 4.10%, 03/15/52 | &nbsp;&nbsp; 332 | 259245 |
| 4.45%, 04/15/46 | &nbsp;&nbsp; 376 | 319120 |
| 4.70%, 04/15/50 | &nbsp;&nbsp; 398 | 343081 |
| 4.95%, 06/15/35 | &nbsp;&nbsp; 253 | 253399 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 350 | 347998 |
| 5.10%, 06/15/45 | &nbsp;&nbsp; 366 | 341060 |
| 5.13%, 03/15/31 | &nbsp;&nbsp; 65 | 67731 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 255 | 267776 |
| 5.60%, 03/15/53<sup>(a)</sup> | &nbsp;&nbsp; 332 | 322811 |
| 5.63%, 06/15/35 | &nbsp;&nbsp; 270 | 284854 |
| 5.88%, 03/15/55 | &nbsp;&nbsp; 580 | 582345 |
| 6.50%, 03/15/55, (5-year CMT + 1.98%)<sup>(b)</sup> | &nbsp;&nbsp; 170 | 178232 |
| FirstEnergy Transmission LLC, 5.00%, 01/15/35 | &nbsp;&nbsp; 1420 | 1438705 |
| Florida Power & Light Co. |  |  |
| 2.88%, 12/04/51 | &nbsp;&nbsp; 235 | 152351 |
| 3.15%, 10/01/49 | &nbsp;&nbsp; 346 | 242898 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 214 | 166426 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 336 | 272002 |
| 3.99%, 03/01/49 | &nbsp;&nbsp; 428 | 345586 |
| 4.05%, 06/01/42 | &nbsp;&nbsp; 201 | 175614 |
| 4.05%, 10/01/44 | &nbsp;&nbsp; 240 | 204041 |
| 4.13%, 02/01/42 | &nbsp;&nbsp; 229 | 202335 |
| 4.13%, 06/01/48 | &nbsp;&nbsp; 271 | 224743 |
| 4.95%, 06/01/35 | &nbsp;&nbsp; 251 | 256916 |
| 5.25%, 02/01/41 | &nbsp;&nbsp; 130 | 131741 |
| 5.63%, 04/01/34 | &nbsp;&nbsp; 426 | 459398 |
| 5.65%, 02/01/37<sup>(a)</sup> | &nbsp;&nbsp; 117 | 126335 |
| 5.69%, 03/01/40 | &nbsp;&nbsp; 155 | 163644 |
| 5.80%, 03/15/65 | &nbsp;&nbsp; 50 | 51410 |
| 5.95%, 02/01/38 | &nbsp;&nbsp; 171 | 187882 |
| 5.96%, 04/01/39 | &nbsp;&nbsp; 125 | 136527 |
| Iberdrola International BV, 6.75%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 2255 | 2616492 |
| ITC Holdings Corp. |  |  |
| 3.35%, 11/15/27 | &nbsp;&nbsp; 369 | 365223 |
| 5.30%, 07/01/43 | &nbsp;&nbsp; 763 | 737069 |
| National Grid PLC |  |  |
| 5.42%, 01/11/34 | &nbsp;&nbsp; 1614 | 1685411 |
| 5.60%, 06/12/28 | &nbsp;&nbsp; 1375 | 1422122 |
| 5.81%, 06/12/33 | &nbsp;&nbsp; 1802 | 1925788 |
| National Grid USA, 5.80%, 04/01/35 | &nbsp;&nbsp; 1280 | 1359521 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| 2.40%, 03/15/30 | &nbsp;&nbsp; $10 | $9401 |
| 3.70%, 03/15/29 | &nbsp;&nbsp; 5 | 4972 |
| 4.02%, 11/01/32 | &nbsp;&nbsp; 196 | 193469 |
| 4.30%, 03/15/49 | &nbsp;&nbsp; 462 | 394593 |
| 4.40%, 11/01/48 | &nbsp;&nbsp; 189 | 162891 |
| 5.05%, 09/15/28 | &nbsp;&nbsp; 40 | 41065 |
| Series C, 8.00%, 03/01/32 | &nbsp;&nbsp; 238 | 285700 |
| Nevada Power Co. |  |  |
| 5.90%, 05/01/53 | &nbsp;&nbsp; 490 | 505108 |
| Series EE, 3.13%, 08/01/50<sup>(a)</sup> | &nbsp;&nbsp; 333 | 223601 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 2833 | 2627152 |
| 2.75%, 11/01/29 | &nbsp;&nbsp; 3581 | 3432618 |
| 3.00%, 01/15/52 | &nbsp;&nbsp; 55 | 35414 |
| 3.50%, 04/01/29 | &nbsp;&nbsp; 1243 | 1225708 |
| 3.55%, 05/01/27 | &nbsp;&nbsp; 2680 | 2669966 |
| 3.80%, 03/15/82, (5-year CMT + 2.55%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 266264 |
| 4.40%, 03/01/31 | &nbsp;&nbsp; 100 | 101073 |
| 4.80%, 12/01/77, (3-mo. SOFR US + 2.67%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24788 |
| 4.85%, 02/04/28 | &nbsp;&nbsp; 80 | 81462 |
| 5.05%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 100 | 103647 |
| 5.30%, 03/15/32 | &nbsp;&nbsp; 80 | 83874 |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 70 | 72809 |
| 5.55%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 65 | 63185 |
| 5.65%, 05/01/79<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | 10123 |
| 5.85%, 03/01/56 | &nbsp;&nbsp; 175 | 175966 |
| 5.90%, 03/15/55 | &nbsp;&nbsp; 580 | 589367 |
| 6.75%, 06/15/54, (5-year CMT + 2.46%)<sup>(b)</sup> | &nbsp;&nbsp; 98 | 104263 |
| NSTAR Electric Co. |  |  |
| 1.95%, 08/15/31 | &nbsp;&nbsp; 377 | 336048 |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 423 | 286216 |
| 3.20%, 05/15/27 | &nbsp;&nbsp; 2015 | 2002344 |
| 3.25%, 05/15/29 | &nbsp;&nbsp; 590 | 578106 |
| 3.95%, 04/01/30 | &nbsp;&nbsp; 1338 | 1332022 |
| 4.40%, 03/01/44 | &nbsp;&nbsp; 449 | 395220 |
| 4.55%, 06/01/52 | &nbsp;&nbsp; 350 | 300519 |
| 4.85%, 03/01/30 | &nbsp;&nbsp; 50 | 51467 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 5 | 4571 |
| 5.20%, 03/01/35 | &nbsp;&nbsp; 300 | 308907 |
| 5.40%, 06/01/34 | &nbsp;&nbsp; 85 | 88939 |
| 5.50%, 03/15/40 | &nbsp;&nbsp; 200 | 206330 |
| Ohio Edison Co., 6.88%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 135 | 156550 |
| Ohio Power Co. |  |  |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 278 | 217826 |
| 4.15%, 04/01/48 | &nbsp;&nbsp; 220 | 179252 |
| 5.00%, 06/01/33 | &nbsp;&nbsp; 280 | 285925 |
| 5.65%, 06/01/34 | &nbsp;&nbsp; 610 | 643875 |
| Series Q, 1.63%, 01/15/31 | &nbsp;&nbsp; 575 | 509504 |
| Series R, 2.90%, 10/01/51 | &nbsp;&nbsp; 844 | 530409 |
| Oncor Electric Delivery Co. LLC |  |  |
| 2.70%, 11/15/51 | &nbsp;&nbsp; 610 | 371796 |
| 3.10%, 09/15/49 | &nbsp;&nbsp; 518 | 350071 |
| 3.75%, 04/01/45 | &nbsp;&nbsp; 383 | 306642 |
| 3.80%, 09/30/47 | &nbsp;&nbsp; 237 | 185680 |
| 3.80%, 06/01/49 | &nbsp;&nbsp; 387 | 296322 |
| 4.10%, 11/15/48 | &nbsp;&nbsp; 291 | 236227 |
| 4.55%, 12/01/41 | &nbsp;&nbsp; 70 | 63862 |
| 4.60%, 06/01/52 | &nbsp;&nbsp; 100 | 85402 |
| 4.65%, 11/01/29 | &nbsp;&nbsp; 35 | 35794 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 240 | 218476 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.25%, 09/30/40<sup>(a)</sup> | &nbsp;&nbsp; $20 | $20201 |
| 5.35%, 10/01/52 | &nbsp;&nbsp; 65 | 62310 |
| 5.55%, 06/15/54 | &nbsp;&nbsp; 332 | 328474 |
| 5.75%, 03/15/29 | &nbsp;&nbsp; 12 | 12592 |
| 5.80%, 04/01/55<sup>(d)</sup> | &nbsp;&nbsp; 35 | 35951 |
| 7.00%, 05/01/32 | &nbsp;&nbsp; 5 | 5695 |
| 7.25%, 01/15/33 | &nbsp;&nbsp; 87 | 100799 |
| 7.50%, 09/01/38 | &nbsp;&nbsp; 50 | 61091 |
| Pacific Gas and Electric Co. |  |  |
| 3.50%, 08/01/50 | &nbsp;&nbsp; 965 | 663459 |
| 3.95%, 12/01/47 | &nbsp;&nbsp; 190 | 144580 |
| 4.20%, 06/01/41 | &nbsp;&nbsp; 100 | 83933 |
| 4.25%, 03/15/46 | &nbsp;&nbsp; 122 | 97503 |
| 4.30%, 03/15/45 | &nbsp;&nbsp; 183 | 148206 |
| 4.40%, 03/01/32 | &nbsp;&nbsp; 135 | 133628 |
| 4.45%, 04/15/42 | &nbsp;&nbsp; 120 | 102624 |
| 4.50%, 07/01/40 | &nbsp;&nbsp; 429 | 381458 |
| 4.55%, 07/01/30 | &nbsp;&nbsp; 35 | 35160 |
| 4.60%, 06/15/43 | &nbsp;&nbsp; 132 | 113279 |
| 4.75%, 02/15/44 | &nbsp;&nbsp; 145 | 125850 |
| 4.95%, 07/01/50 | &nbsp;&nbsp; 715 | 617127 |
| 5.25%, 03/01/52 | &nbsp;&nbsp; 586 | 520972 |
| 5.90%, 06/15/32 | &nbsp;&nbsp; 594 | 629057 |
| 5.90%, 10/01/54 | &nbsp;&nbsp; 110 | 107136 |
| 6.10%, 10/15/55 | &nbsp;&nbsp; 250 | 250701 |
| 6.15%, 01/15/33 | &nbsp;&nbsp; 489 | 525436 |
| 6.15%, 03/01/55 | &nbsp;&nbsp; 115 | 115601 |
| 6.70%, 04/01/53 | &nbsp;&nbsp; 15 | 16172 |
| 6.75%, 01/15/53 | &nbsp;&nbsp; 548 | 592430 |
| PECO Energy Co. |  |  |
| 2.85%, 09/15/51 | &nbsp;&nbsp; 105 | 66775 |
| 3.00%, 09/15/49 | &nbsp;&nbsp; 643 | 430253 |
| 3.05%, 03/15/51 | &nbsp;&nbsp; 95 | 63350 |
| 3.70%, 09/15/47 | &nbsp;&nbsp; 365 | 283397 |
| 3.90%, 03/01/48 | &nbsp;&nbsp; 482 | 384740 |
| 4.15%, 10/01/44<sup>(a)</sup> | &nbsp;&nbsp; 323 | 275873 |
| 4.60%, 05/15/52 | &nbsp;&nbsp; 105 | 91219 |
| 4.88%, 09/15/35 | &nbsp;&nbsp; 175 | 177512 |
| 5.25%, 09/15/54 | &nbsp;&nbsp; 675 | 640470 |
| 5.65%, 09/15/55 | &nbsp;&nbsp; 350 | 353883 |
| 5.95%, 10/01/36 | &nbsp;&nbsp; 126 | 138595 |
| Potomac Electric Power Co. |  |  |
| 4.15%, 03/15/43 | &nbsp;&nbsp; 695 | 600078 |
| 5.20%, 03/15/34 | &nbsp;&nbsp; 45 | 46942 |
| 5.50%, 03/15/54 | &nbsp;&nbsp; 210 | 206136 |
| 6.50%, 11/15/37 | &nbsp;&nbsp; 208 | 235303 |
| PPL Electric Utilities Corp. |  |  |
| 3.00%, 10/01/49 | &nbsp;&nbsp; 248 | 166855 |
| 3.95%, 06/01/47 | &nbsp;&nbsp; 112 | 90895 |
| 4.15%, 10/01/45 | &nbsp;&nbsp; 105 | 88821 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 364 | 303699 |
| 4.85%, 02/15/34 | &nbsp;&nbsp; 250 | 255709 |
| 5.00%, 05/15/33 | &nbsp;&nbsp; 501 | 517020 |
| 5.25%, 05/15/53 | &nbsp;&nbsp; 640 | 614816 |
| 6.25%, 05/15/39 | &nbsp;&nbsp; 172 | 191174 |
| Public Service Co. of New Hampshire |  |  |
| 3.60%, 07/01/49 | &nbsp;&nbsp; 840 | 636055 |
| 4.40%, 07/01/28 | &nbsp;&nbsp; 75 | 75945 |
| 5.15%, 01/15/53 | &nbsp;&nbsp; 160 | 150974 |
| 5.35%, 10/01/33 | &nbsp;&nbsp; 320 | 337873 |
| Series V, 2.20%, 06/15/31 | &nbsp;&nbsp; 567 | 515238 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Public Service Electric and Gas Co. |  |  |
| 2.45%, 01/15/30 | &nbsp;&nbsp; $102 | $96535 |
| 3.15%, 01/01/50 | &nbsp;&nbsp; 419 | 287289 |
| 3.20%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 40 | 39228 |
| 3.20%, 08/01/49 | &nbsp;&nbsp; 342 | 238718 |
| 3.60%, 12/01/47 | &nbsp;&nbsp; 245 | 185982 |
| 3.65%, 09/01/28 | &nbsp;&nbsp; 70 | 69783 |
| 3.65%, 09/01/42 | &nbsp;&nbsp; 315 | 257321 |
| 3.70%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; 138 | 137663 |
| 3.80%, 01/01/43 | &nbsp;&nbsp; 155 | 129652 |
| 3.80%, 03/01/46 | &nbsp;&nbsp; 352 | 283411 |
| 3.85%, 05/01/49 | &nbsp;&nbsp; 343 | 268974 |
| 3.95%, 05/01/42 | &nbsp;&nbsp; 131 | 112951 |
| 4.05%, 05/01/48 | &nbsp;&nbsp; 176 | 143413 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 35 | 36134 |
| 5.30%, 08/01/54 | &nbsp;&nbsp; 110 | 106425 |
| 5.45%, 08/01/53 | &nbsp;&nbsp; 51 | 50298 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 115 | 113900 |
| 5.50%, 03/01/40 | &nbsp;&nbsp; 135 | 139878 |
| 5.80%, 05/01/37 | &nbsp;&nbsp; 108 | 116810 |
| Series Q, 5.50%, 03/01/55 | &nbsp;&nbsp; 355 | 351926 |
| Public Service Enterprise Group, Inc. |  |  |
| 1.60%, 08/15/30 | &nbsp;&nbsp; 2162 | 1937599 |
| 2.45%, 11/15/31 | &nbsp;&nbsp; 1687 | 1528743 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 55 | 56589 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 110 | 114191 |
| 5.45%, 04/01/34 | &nbsp;&nbsp; 926 | 967864 |
| 6.13%, 10/15/33 | &nbsp;&nbsp; 335 | 363381 |
| San Diego Gas & Electric Co. |  |  |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 194 | 158623 |
| 4.50%, 08/15/40 | &nbsp;&nbsp; 237 | 219379 |
| 4.95%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 105 | 107754 |
| 6.00%, 06/01/39 | &nbsp;&nbsp; 127 | 136499 |
| Series RRR, 3.75%, 06/01/47 | &nbsp;&nbsp; 183 | 142332 |
| Series TTT, 4.10%, 06/15/49 | &nbsp;&nbsp; 216 | 172736 |
| Series UUU, 3.32%, 04/15/50 | &nbsp;&nbsp; 429 | 299504 |
| Series WWW, 2.95%, 08/15/51<sup>(a)</sup> | &nbsp;&nbsp; 198 | 129515 |
| Sempra |  |  |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 20 | 19822 |
| 3.40%, 02/01/28 | &nbsp;&nbsp; 295 | 291875 |
| 3.80%, 02/01/38 | &nbsp;&nbsp; 411 | 358981 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 514 | 398489 |
| 4.13%, 04/01/52, (5-year CMT + 2.87%)<sup>(b)</sup> | &nbsp;&nbsp; 247 | 243914 |
| 6.00%, 10/15/39 | &nbsp;&nbsp; 333 | 351671 |
| 6.38%, 04/01/56, (5-year CMT + 2.63%)<sup>(b)</sup> | &nbsp;&nbsp; 100 | 102471 |
| 6.40%, 10/01/54, (5-year CMT + 2.63%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50983 |
| 6.55%, 04/01/55, (5-year CMT + 2.14%)<sup>(b)</sup> | &nbsp;&nbsp; 115 | 117353 |
| 6.63%, 04/01/55, (5-year CMT + 2.35%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30493 |
| 6.88%, 10/01/54, (5-year CMT + 2.79%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 107 | 110272 |
| Southern California Edison Co. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 75 | 68968 |
| 2.85%, 08/01/29 | &nbsp;&nbsp; 30 | 28730 |
| 3.45%, 02/01/52 | &nbsp;&nbsp; 475 | 322879 |
| 3.65%, 02/01/50 | &nbsp;&nbsp; 437 | 312346 |
| 4.00%, 04/01/47<sup>(a)</sup> | &nbsp;&nbsp; 373 | 287381 |
| 4.05%, 03/15/42<sup>(a)</sup> | &nbsp;&nbsp; 171 | 139549 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 198 | 176561 |
| 4.65%, 10/01/43 | &nbsp;&nbsp; 202 | 175295 |
| 4.80%, 03/15/33 | &nbsp;&nbsp; 125 | 125527 |
| 5.15%, 06/01/29 | &nbsp;&nbsp; 50 | 51429 |
| 5.25%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 50 | 51719 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.45%, 03/01/35 | &nbsp;&nbsp; $50 | $51402 |
| 5.50%, 03/15/40 | &nbsp;&nbsp; 116 | 115364 |
| 5.63%, 02/01/36 | &nbsp;&nbsp; 162 | 166939 |
| 5.70%, 03/01/53 | &nbsp;&nbsp; 213 | 203017 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 334 | 321535 |
| 5.88%, 12/01/53<sup>(a)</sup> | &nbsp;&nbsp; 29 | 28482 |
| 5.90%, 03/01/55 | &nbsp;&nbsp; 175 | 172258 |
| 6.00%, 01/15/34 | &nbsp;&nbsp; 325 | 346449 |
| 6.05%, 03/15/39 | &nbsp;&nbsp; 74 | 77429 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 410 | 421020 |
| 6.65%, 04/01/29 | &nbsp;&nbsp; 311 | 329272 |
| Series 04-G, 5.75%, 04/01/35 | &nbsp;&nbsp; 122 | 127426 |
| Series 05-E, 5.35%, 07/15/35 | &nbsp;&nbsp; 144 | 146596 |
| Series 06-E, 5.55%, 01/15/37 | &nbsp;&nbsp; 105 | 107356 |
| Series 08-A, 5.95%, 02/01/38 | &nbsp;&nbsp; 135 | 140959 |
| Series 13-A, 3.90%, 03/15/43 | &nbsp;&nbsp; 157 | 123693 |
| Series 20A, 2.95%, 02/01/51 | &nbsp;&nbsp; 80 | 50079 |
| Series B, 3.65%, 03/01/28 | &nbsp;&nbsp; 77 | 76455 |
| Series B, 4.88%, 03/01/49 | &nbsp;&nbsp; 111 | 95586 |
| Series C, 3.60%, 02/01/45 | &nbsp;&nbsp; 228 | 168927 |
| Series C, 4.13%, 03/01/48 | &nbsp;&nbsp; 304 | 238028 |
| Series E, 5.45%, 06/01/52 | &nbsp;&nbsp; 29 | 26770 |
| Series H, 3.65%, 06/01/51 | &nbsp;&nbsp; 93 | 65323 |
| Tampa Electric Co. |  |  |
| 3.45%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 30 | 21567 |
| 5.00%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 285 | 263597 |
| Toledo Edison Co. (The), 6.15%, 05/15/37 | &nbsp;&nbsp; 245 | 270812 |
|  |  | 116309536 |
| **Electrical Components & Equipment — 0.2%** | **Electrical Components & Equipment — 0.2%** | **Electrical Components & Equipment — 0.2%** |
| ABB Finance USA, Inc. |  |  |
| 3.80%, 04/03/28 | &nbsp;&nbsp; 1750 | 1751641 |
| 4.38%, 05/08/42 | &nbsp;&nbsp; 320 | 291102 |
| Acuity Brands Lighting, Inc., 2.15%, 12/15/30 | &nbsp;&nbsp; 1291 | 1172002 |
| Emerson Electric Co. |  |  |
| 2.80%, 12/21/51 | &nbsp;&nbsp; 175 | 113048 |
| 5.25%, 11/15/39 | &nbsp;&nbsp; 20 | 20830 |
|  |  | 3348623 |
| **Electronics — 1.0%** | **Electronics — 1.0%** | **Electronics — 1.0%** |
| Allegion PLC, 3.50%, 10/01/29 | &nbsp;&nbsp; 890 | 871368 |
| Allegion U.S. Holding Co., Inc. |  |  |
| 3.55%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp; 457 | 453846 |
| 5.41%, 07/01/32<sup>(a)</sup> | &nbsp;&nbsp; 657 | 686272 |
| 5.60%, 05/29/34 | &nbsp;&nbsp; 610 | 643467 |
| Amphenol Corp., 2.80%, 02/15/30 | &nbsp;&nbsp; 41 | 39249 |
| Avnet, Inc. |  |  |
| 3.00%, 05/15/31 | &nbsp;&nbsp; 360 | 331793 |
| 5.50%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 495 | 513898 |
| Flex Ltd. |  |  |
| 4.88%, 06/15/29 | &nbsp;&nbsp; 449 | 457245 |
| 4.88%, 05/12/30 | &nbsp;&nbsp; 748 | 761694 |
| Fortive Corp., 4.30%, 06/15/46 | &nbsp;&nbsp; 82 | 69209 |
| Honeywell International, Inc. |  |  |
| 1.75%, 09/01/31 | &nbsp;&nbsp; 360 | 318571 |
| 1.95%, 06/01/30 | &nbsp;&nbsp; 335 | 308864 |
| 2.70%, 08/15/29 | &nbsp;&nbsp; 767 | 738589 |
| 3.81%, 11/21/47 | &nbsp;&nbsp; 228 | 181884 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 385 | 389552 |
| 4.50%, 01/15/34 | &nbsp;&nbsp; 600 | 602543 |
| 4.65%, 07/30/27 | &nbsp;&nbsp; 85 | 86024 |
| 4.70%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 210 | 215699 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 4.75%, 02/01/32 | &nbsp;&nbsp; $300 | $308790 |
| 4.88%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 170 | 175478 |
| 4.95%, 09/01/31 | &nbsp;&nbsp; 70 | 73107 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 515 | 536884 |
| 5.00%, 03/01/35 | &nbsp;&nbsp; 660 | 679559 |
| 5.25%, 03/01/54 | &nbsp;&nbsp; 375 | 360852 |
| 5.35%, 03/01/64 | &nbsp;&nbsp; 320 | 309450 |
| 5.38%, 03/01/41 | &nbsp;&nbsp; 220 | 229205 |
| 5.70%, 03/15/36 | &nbsp;&nbsp; 336 | 363013 |
| 5.70%, 03/15/37 | &nbsp;&nbsp; 288 | 311490 |
| Hubbell, Inc. |  |  |
| 3.15%, 08/15/27 | &nbsp;&nbsp; 28 | 27689 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 42 | 41736 |
| 4.80%, 11/15/35 | &nbsp;&nbsp; 50 | 50249 |
| Keysight Technologies, Inc. |  |  |
| 3.00%, 10/30/29 | &nbsp;&nbsp; 295 | 284908 |
| 4.60%, 04/06/27 | &nbsp;&nbsp; 808 | 812285 |
| 4.95%, 10/15/34 | &nbsp;&nbsp; 435 | 443597 |
| 5.35%, 07/30/30 | &nbsp;&nbsp; 55 | 57621 |
| Trimble, Inc., 4.90%, 06/15/28 | &nbsp;&nbsp; 396 | 400073 |
| Tyco Electronics Group SA |  |  |
| 4.50%, 02/09/31 | &nbsp;&nbsp; 25 | 25441 |
| 4.88%, 02/09/36 | &nbsp;&nbsp; 55 | 55832 |
| 7.13%, 10/01/37 | &nbsp;&nbsp; 129 | 154095 |
| Vontier Corp. |  |  |
| 2.40%, 04/01/28 | &nbsp;&nbsp; 208 | 200872 |
| 2.95%, 04/01/31 | &nbsp;&nbsp; 194 | 180164 |
|  |  | 13752157 |
| **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** | **Engineering & Construction — 0.3%** |
| Jacobs Engineering Group, Inc. |  |  |
| 5.90%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1980 | 2086779 |
| 6.35%, 08/18/28 | &nbsp;&nbsp; 2705 | 2841921 |
|  |  | 4928700 |
| **Environmental Control — 0.2%** | **Environmental Control — 0.2%** | **Environmental Control — 0.2%** |
| Republic Services, Inc. |  |  |
| 2.38%, 03/15/33 | &nbsp;&nbsp; 50 | 44222 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 358 | 246715 |
| 5.70%, 05/15/41<sup>(a)</sup> | &nbsp;&nbsp; 30 | 32033 |
| 6.20%, 03/01/40 | &nbsp;&nbsp; 20 | 22549 |
| Veralto Corp. |  |  |
| 5.35%, 09/18/28 | &nbsp;&nbsp; 793 | 818644 |
| 5.45%, 09/18/33 | &nbsp;&nbsp; 1110 | 1169444 |
| Waste Connections, Inc. |  |  |
| 2.60%, 02/01/30 | &nbsp;&nbsp; 15 | 14287 |
| 2.95%, 01/15/52 | &nbsp;&nbsp; 387 | 255519 |
| 3.05%, 04/01/50 | &nbsp;&nbsp; 62 | 42753 |
| 3.50%, 05/01/29 | &nbsp;&nbsp; 10 | 9922 |
| 4.25%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5045 |
| Waste Management, Inc. |  |  |
| 2.50%, 11/15/50 | &nbsp;&nbsp; 431 | 266765 |
| 4.10%, 03/01/45<sup>(a)</sup> | &nbsp;&nbsp; 37 | 32152 |
| 4.15%, 07/15/49 | &nbsp;&nbsp; 201 | 171282 |
| 5.35%, 10/15/54<sup>(a)</sup> | &nbsp;&nbsp; 60 | 59175 |
|  |  | 3190507 |
| **Food — 1.9%** | **Food — 1.9%** | **Food — 1.9%** |
| Ahold Finance USA LLC, 6.88%, 05/01/29 | &nbsp;&nbsp; 278 | 301616 |
| Campbell's Co. (The), 4.55%, 03/21/31 | &nbsp;&nbsp; 125 | 125044 |
| Campbell's Company/The |  |  |
| 2.38%, 04/24/30 | &nbsp;&nbsp; 125 | 115751 |
| 3.13%, 04/24/50 | &nbsp;&nbsp; 213 | 139999 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 4.15%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; $1380 | $1383833 |
| 4.75%, 03/23/35<sup>(a)</sup> | &nbsp;&nbsp; 95 | 92229 |
| 4.80%, 03/15/48 | &nbsp;&nbsp; 214 | 185334 |
| 5.25%, 10/13/54<sup>(a)</sup> | &nbsp;&nbsp; 75 | 68055 |
| 5.40%, 03/21/34 | &nbsp;&nbsp; 328 | 335328 |
| Conagra Brands, Inc. |  |  |
| 4.85%, 11/01/28 | &nbsp;&nbsp; 230 | 233228 |
| 5.00%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 145 | 147890 |
| 5.30%, 11/01/38 | &nbsp;&nbsp; 445 | 428390 |
| 5.40%, 11/01/48 | &nbsp;&nbsp; 383 | 343217 |
| 5.75%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 165 | 170282 |
| 7.00%, 10/01/28 | &nbsp;&nbsp; 50 | 53475 |
| 8.25%, 09/15/30 | &nbsp;&nbsp; 405 | 465800 |
| General Mills, Inc. |  |  |
| 2.25%, 10/14/31 | &nbsp;&nbsp; 888 | 796345 |
| 2.88%, 04/15/30 | &nbsp;&nbsp; 1290 | 1226363 |
| 3.00%, 02/01/51<sup>(a)</sup> | &nbsp;&nbsp; 246 | 160793 |
| 4.20%, 04/17/28 | &nbsp;&nbsp; 1608 | 1613966 |
| 4.95%, 03/29/33<sup>(a)</sup> | &nbsp;&nbsp; 116 | 118527 |
| 5.25%, 01/30/35<sup>(a)</sup> | &nbsp;&nbsp; 630 | 646585 |
| 5.40%, 06/15/40 | &nbsp;&nbsp; 88 | 89703 |
| 5.50%, 10/17/28 | &nbsp;&nbsp; 395 | 409692 |
| Hershey Co.(The) |  |  |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 48 | 45661 |
| 3.13%, 11/15/49 | &nbsp;&nbsp; 17 | 12061 |
| 3.38%, 08/15/46 | &nbsp;&nbsp; 35 | 26701 |
| Hormel Foods Corp., 3.05%, 06/03/51 | &nbsp;&nbsp; 337 | 225908 |
| Ingredion, Inc. |  |  |
| 2.90%, 06/01/30 | &nbsp;&nbsp; 1084 | 1034829 |
| 3.90%, 06/01/50 | &nbsp;&nbsp; 283 | 221638 |
| J M Smucker Co.(The) |  |  |
| 2.38%, 03/15/30 | &nbsp;&nbsp; 20 | 18732 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 40 | 39652 |
| 4.25%, 03/15/35 | &nbsp;&nbsp; 282 | 270124 |
| 4.38%, 03/15/45<sup>(a)</sup> | &nbsp;&nbsp; 137 | 118775 |
| 6.20%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 35 | 38360 |
| 6.50%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 40 | 43612 |
| 6.50%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 400 | 439631 |
| JBS USA Holding Lux Sarl/JBS USA Foods Group <br> Holdings, Inc./JBS USA Food Co., 6.50%, <br> 12/01/52<sup>(a)</sup><br>| &nbsp;&nbsp; 170 | 179355 |
| Kellanova |  |  |
| 2.10%, 06/01/30 | &nbsp;&nbsp; 1450 | 1343705 |
| 3.40%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1212 | 1205136 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 1144 | 1154510 |
| 5.25%, 03/01/33 | &nbsp;&nbsp; 870 | 913659 |
| 5.75%, 05/16/54 | &nbsp;&nbsp; 20 | 20464 |
| Series B, 7.45%, 04/01/31 | &nbsp;&nbsp; 380 | 437758 |
| Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40 | &nbsp;&nbsp; 243 | 257036 |
| Kraft Heinz Foods Co. |  |  |
| 4.38%, 06/01/46 | &nbsp;&nbsp; 351 | 287986 |
| 4.88%, 10/01/49 | &nbsp;&nbsp; 581 | 500825 |
| 5.00%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 160 | 160255 |
| 5.00%, 06/04/42 | &nbsp;&nbsp; 111 | 101875 |
| 5.20%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 130 | 134673 |
| 5.20%, 07/15/45 | &nbsp;&nbsp; 478 | 437504 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 180 | 185666 |
| 5.50%, 06/01/50 | &nbsp;&nbsp; 395 | 368535 |
| 6.50%, 02/09/40 | &nbsp;&nbsp; 252 | 273238 |
| 6.88%, 01/26/39 | &nbsp;&nbsp; 240 | 269870 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| Kroger Co.(The) |  |  |
| 3.88%, 10/15/46 | &nbsp;&nbsp; $152 | $120062 |
| 3.95%, 01/15/50 | &nbsp;&nbsp; 223 | 172992 |
| 4.45%, 02/01/47 | &nbsp;&nbsp; 356 | 304128 |
| 4.50%, 01/15/29 | &nbsp;&nbsp; 60 | 61011 |
| 4.65%, 01/15/48 | &nbsp;&nbsp; 180 | 157864 |
| 5.00%, 09/15/34 | &nbsp;&nbsp; 365 | 370870 |
| 5.00%, 04/15/42 | &nbsp;&nbsp; 109 | 104054 |
| 5.15%, 08/01/43 | &nbsp;&nbsp; 131 | 126600 |
| 5.40%, 07/15/40<sup>(a)</sup> | &nbsp;&nbsp; 75 | 76164 |
| 5.40%, 01/15/49 | &nbsp;&nbsp; 200 | 193583 |
| 5.50%, 09/15/54 | &nbsp;&nbsp; 335 | 323241 |
| 5.65%, 09/15/64 | &nbsp;&nbsp; 280 | 270760 |
| 6.90%, 04/15/38 | &nbsp;&nbsp; 141 | 164588 |
| 7.50%, 04/01/31 | &nbsp;&nbsp; 186 | 213600 |
| McCormick & Co., Inc./MD |  |  |
| 1.85%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 305 | 272462 |
| 2.50%, 04/15/30 | &nbsp;&nbsp; 412 | 386483 |
| 3.40%, 08/15/27 | &nbsp;&nbsp; 352 | 350304 |
| 4.20%, 08/15/47 | &nbsp;&nbsp; 302 | 251565 |
| 4.70%, 10/15/34 | &nbsp;&nbsp; 175 | 174873 |
| Mondelez International, Inc. |  |  |
| 2.63%, 09/04/50<sup>(a)</sup> | &nbsp;&nbsp; 143 | 87260 |
| 2.75%, 04/13/30 | &nbsp;&nbsp; 43 | 40776 |
| 4.13%, 05/07/28 | &nbsp;&nbsp; 165 | 165525 |
| Sysco Corp. |  |  |
| 2.40%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 132 | 124116 |
| 3.30%, 02/15/50<sup>(a)</sup> | &nbsp;&nbsp; 210 | 149014 |
| 4.45%, 03/15/48 | &nbsp;&nbsp; 104 | 89242 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 77 | 67154 |
| 4.85%, 10/01/45 | &nbsp;&nbsp; 153 | 139535 |
| 5.38%, 09/21/35 | &nbsp;&nbsp; 50 | 52118 |
| 5.95%, 04/01/30 | &nbsp;&nbsp; 177 | 188336 |
| 6.60%, 04/01/40 | &nbsp;&nbsp; 102 | 115381 |
| 6.60%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 445 | 498184 |
| Tyson Foods, Inc. |  |  |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 65 | 65561 |
| 4.55%, 06/02/47 | &nbsp;&nbsp; 178 | 156122 |
| 4.88%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 30 | 30362 |
| 5.10%, 09/28/48<sup>(a)</sup> | &nbsp;&nbsp; 282 | 265501 |
| 5.15%, 08/15/44 | &nbsp;&nbsp; 70 | 67282 |
|  |  | 26815852 |
| **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** |
| International Paper Co. |  |  |
| 4.35%, 08/15/48 | &nbsp;&nbsp; 148 | 121297 |
| 4.40%, 08/15/47 | &nbsp;&nbsp; 259 | 215436 |
| 4.80%, 06/15/44<sup>(a)</sup> | &nbsp;&nbsp; 213 | 189549 |
| 5.00%, 09/15/35 | &nbsp;&nbsp; 265 | 267519 |
| 5.15%, 05/15/46 | &nbsp;&nbsp; 75 | 69453 |
| 6.00%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 223 | 231592 |
| 7.30%, 11/15/39 | &nbsp;&nbsp; 155 | 182177 |
| Suzano Austria GmbH |  |  |
| 3.13%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 277 | 251383 |
| 3.75%, 01/15/31 | &nbsp;&nbsp; 384 | 366202 |
| 5.00%, 01/15/30 | &nbsp;&nbsp; 592 | 595175 |
| 6.00%, 01/15/29 | &nbsp;&nbsp; 468 | 485275 |
|  |  | 2975058 |
| **Gas — 1.0%** | **Gas — 1.0%** | **Gas — 1.0%** |
| Atmos Energy Corp. |  |  |
| 2.63%, 09/15/29 | &nbsp;&nbsp; 50 | 48008 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| 2.85%, 02/15/52 | &nbsp;&nbsp; $280 | $180108 |
| 3.00%, 06/15/27 | &nbsp;&nbsp; 15 | 14879 |
| 3.38%, 09/15/49 | &nbsp;&nbsp; 297 | 213014 |
| 4.13%, 10/15/44<sup>(a)</sup> | &nbsp;&nbsp; 228 | 195872 |
| 4.13%, 03/15/49 | &nbsp;&nbsp; 272 | 223766 |
| 4.15%, 01/15/43 | &nbsp;&nbsp; 39 | 34151 |
| 4.30%, 10/01/48<sup>(a)</sup> | &nbsp;&nbsp; 235 | 198847 |
| 5.00%, 12/15/54 | &nbsp;&nbsp; 70 | 64467 |
| 5.20%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 60 | 62633 |
| 5.45%, 01/15/56 | &nbsp;&nbsp; 225 | 221993 |
| 5.50%, 06/15/41 | &nbsp;&nbsp; 43 | 44599 |
| National Fuel Gas Co. |  |  |
| 2.95%, 03/01/31 | &nbsp;&nbsp; 129 | 119732 |
| 3.95%, 09/15/27 | &nbsp;&nbsp; 425 | 424137 |
| 4.75%, 09/01/28 | &nbsp;&nbsp; 65 | 65943 |
| 5.50%, 03/15/30 | &nbsp;&nbsp; 35 | 36438 |
| 5.95%, 03/15/35 | &nbsp;&nbsp; 25 | 26639 |
| NiSource, Inc. |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 115 | 101950 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 350 | 310378 |
| 5.35%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1085 | 1132478 |
| 5.35%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 400 | 413051 |
| 5.40%, 06/30/33 | &nbsp;&nbsp; 236 | 247211 |
| 5.75%, 07/15/56, (5-year CMT + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 335 | 337134 |
| 5.85%, 04/01/55 | &nbsp;&nbsp; 930 | 938211 |
| 5.95%, 06/15/41 | &nbsp;&nbsp; 110 | 115063 |
| 6.38%, 03/31/55, (5-year CMT + 2.53%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 470 | 489531 |
| 6.95%, 11/30/54, (5-year CMT + 2.45%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 130633 |
| Northwest Natural Holding Co., 7.00%, 09/15/55, <br> (5-year CMT + 2.70%)<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 26089 |
| ONE Gas, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 1960 | 1808734 |
| 4.25%, 09/01/32 | &nbsp;&nbsp; 705 | 705631 |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 213 | 188864 |
| 4.66%, 02/01/44 | &nbsp;&nbsp; 138 | 126120 |
| 5.10%, 04/01/29 | &nbsp;&nbsp; 715 | 738877 |
| Piedmont Natural Gas Co., Inc. |  |  |
| 2.50%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 590 | 543777 |
| 3.35%, 06/01/50 | &nbsp;&nbsp; 190 | 132128 |
| 5.05%, 05/15/52 | &nbsp;&nbsp; 248 | 226285 |
| 5.10%, 02/15/35 | &nbsp;&nbsp; 60 | 61437 |
| 5.40%, 06/15/33 | &nbsp;&nbsp; 50 | 52552 |
| Southern California Gas Co. |  |  |
| 5.13%, 11/15/40 | &nbsp;&nbsp; 95 | 94100 |
| 6.00%, 06/15/55 | &nbsp;&nbsp; 170 | 176147 |
| Series UU, 4.13%, 06/01/48 | &nbsp;&nbsp; 264 | 210639 |
| Series VV, 4.30%, 01/15/49 | &nbsp;&nbsp; 306 | 252030 |
| Series WW, 3.95%, 02/15/50 | &nbsp;&nbsp; 300 | 229183 |
| Series XX, 2.55%, 02/01/30 | &nbsp;&nbsp; 42 | 39851 |
| Southwest Gas Corp. |  |  |
| 3.18%, 08/15/51<sup>(a)</sup> | &nbsp;&nbsp; 100 | 67875 |
| 3.70%, 04/01/28 | &nbsp;&nbsp; 35 | 34824 |
| 3.80%, 09/29/46<sup>(a)</sup> | &nbsp;&nbsp; 174 | 136027 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 196 | 156511 |
| Spire Missouri, Inc. |  |  |
| 3.30%, 06/01/51 | &nbsp;&nbsp; 475 | 331426 |
| Series 2034, 5.15%, 08/15/34 | &nbsp;&nbsp; 265 | 274323 |
| Spire, Inc. |  |  |
| 4.60%, 09/01/31 | &nbsp;&nbsp; 70 | 70543 |
| 6.25%, 06/01/56<sup>(a)(b)</sup> | &nbsp;&nbsp; 600 | 603408 |
| 6.45%, 06/01/56, (5-year CMT + 2.32%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 307138 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| Washington Gas Light Co. |  |  |
| 3.65%, 09/15/49 | &nbsp;&nbsp; $357 | $265972 |
| Series K, 3.80%, 09/15/46 | &nbsp;&nbsp; 85 | 67742 |
|  |  | 14319099 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Snap-on, Inc. |  |  |
| 3.10%, 05/01/50 | &nbsp;&nbsp; 15 | 10348 |
| 4.10%, 03/01/48<sup>(a)</sup> | &nbsp;&nbsp; 15 | 12469 |
| Stanley Black & Decker, Inc., 2.30%, 03/15/30 | &nbsp;&nbsp; 35 | 32455 |
|  |  | 55272 |
| **Health Care - Products — 1.2%** | **Health Care - Products — 1.2%** | **Health Care - Products — 1.2%** |
| Abbott Laboratories |  |  |
| 4.75%, 11/30/36 | &nbsp;&nbsp; 400 | 403311 |
| 4.90%, 11/30/46 | &nbsp;&nbsp; 106 | 100463 |
| 5.30%, 05/27/40 | &nbsp;&nbsp; 93 | 96733 |
| 5.50%, 03/15/56 | &nbsp;&nbsp; 250 | 250953 |
| 5.60%, 03/15/66 | &nbsp;&nbsp; 415 | 415400 |
| 6.00%, 04/01/39 | &nbsp;&nbsp; 143 | 158648 |
| 6.15%, 11/30/37 | &nbsp;&nbsp; 170 | 191398 |
| Agilent Technologies, Inc. |  |  |
| 2.30%, 03/12/31 | &nbsp;&nbsp; 105 | 95913 |
| 2.75%, 09/15/29 | &nbsp;&nbsp; 787 | 754685 |
| 4.75%, 09/09/34 | &nbsp;&nbsp; 80 | 80611 |
| Baxter International, Inc. |  |  |
| 2.54%, 02/01/32 | &nbsp;&nbsp; 345 | 301221 |
| 3.13%, 12/01/51<sup>(a)</sup> | &nbsp;&nbsp; 502 | 312631 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 260 | 183797 |
| Boston Scientific Corp. |  |  |
| 4.55%, 03/01/39 | &nbsp;&nbsp; 35 | 34016 |
| 4.70%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 333 | 305994 |
| 6.25%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 120 | 136086 |
| 7.38%, 01/15/40 | &nbsp;&nbsp; 108 | 132568 |
| Danaher Corp. |  |  |
| 2.60%, 10/01/50 | &nbsp;&nbsp; 315 | 194525 |
| 2.80%, 12/10/51 | &nbsp;&nbsp; 543 | 346885 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 197 | 174041 |
| Dentsply Sirona, Inc., 3.25%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 639 | 599434 |
| DH Europe Finance II SARL |  |  |
| 2.60%, 11/15/29 | &nbsp;&nbsp; 116 | 110607 |
| 3.25%, 11/15/39 | &nbsp;&nbsp; 308 | 254577 |
| 3.40%, 11/15/49 | &nbsp;&nbsp; 403 | 292903 |
| Edwards Lifesciences Corp., 4.30%, 06/15/28 | &nbsp;&nbsp; 3095 | 3113525 |
| GE HealthCare Technologies, Inc., 6.38%, <br> 11/22/52<sup>(a)</sup><br>| &nbsp;&nbsp; 283 | 310657 |
| Medtronic, Inc., 4.63%, 03/15/45<sup>(a)</sup> | &nbsp;&nbsp; 392 | 363346 |
| Revvity, Inc. |  |  |
| 2.25%, 09/15/31 | &nbsp;&nbsp; 825 | 733917 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 640 | 585412 |
| 3.30%, 09/15/29 | &nbsp;&nbsp; 85 | 82421 |
| 3.63%, 03/15/51 | &nbsp;&nbsp; 201 | 147281 |
| Smith & Nephew PLC |  |  |
| 2.03%, 10/14/30 | &nbsp;&nbsp; 528 | 478942 |
| 5.40%, 03/20/34 | &nbsp;&nbsp; 121 | 125927 |
| Solventum Corp. |  |  |
| 5.60%, 03/23/34 | &nbsp;&nbsp; 155 | 161937 |
| 5.90%, 04/30/54<sup>(a)</sup> | &nbsp;&nbsp; 151 | 150968 |
| STERIS Irish FinCo UnLtd Co. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 2206 | 2048526 |
| 3.75%, 03/15/51 | &nbsp;&nbsp; 412 | 314176 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| Stryker Corp. |  |  |
| 2.90%, 06/15/50<sup>(a)</sup> | &nbsp;&nbsp; $133 | $88261 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 144 | 124277 |
| 4.38%, 05/15/44 | &nbsp;&nbsp; 162 | 142899 |
| 4.63%, 03/15/46 | &nbsp;&nbsp; 261 | 235714 |
| Thermo Fisher Scientific, Inc. |  |  |
| 4.10%, 08/15/47<sup>(a)</sup> | &nbsp;&nbsp; 302 | 255075 |
| 4.98%, 08/10/30 | &nbsp;&nbsp; 40 | 41553 |
| 5.09%, 08/10/33 | &nbsp;&nbsp; 10 | 10435 |
| 5.30%, 02/01/44 | &nbsp;&nbsp; 134 | 133617 |
| 5.40%, 08/10/43<sup>(a)</sup> | &nbsp;&nbsp; 30 | 30624 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 2.60%, 11/24/31 | &nbsp;&nbsp; 625 | 570832 |
| 4.45%, 08/15/45<sup>(a)</sup> | &nbsp;&nbsp; 166 | 149475 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 50 | 51424 |
| 5.50%, 02/19/35<sup>(a)</sup> | &nbsp;&nbsp; 50 | 52322 |
| 5.75%, 11/30/39<sup>(a)</sup> | &nbsp;&nbsp; 150 | 156861 |
|  |  | 16587804 |
| **Health Care - Services — 3.3%** | **Health Care - Services — 3.3%** | **Health Care - Services — 3.3%** |
| Aetna, Inc. |  |  |
| 3.88%, 08/15/47 | &nbsp;&nbsp; 20 | 15219 |
| 4.13%, 11/15/42 | &nbsp;&nbsp; 91 | 73474 |
| 4.50%, 05/15/42 | &nbsp;&nbsp; 124 | 108192 |
| 6.63%, 06/15/36 | &nbsp;&nbsp; 226 | 251670 |
| 6.75%, 12/15/37 | &nbsp;&nbsp; 182 | 202976 |
| Centene Corp. |  |  |
| 2.45%, 07/15/28 | &nbsp;&nbsp; 602 | 567699 |
| 2.50%, 03/01/31 | &nbsp;&nbsp; 608 | 527454 |
| 2.63%, 08/01/31 | &nbsp;&nbsp; 659 | 571501 |
| 3.00%, 10/15/30 | &nbsp;&nbsp; 460 | 414497 |
| 3.38%, 02/15/30 | &nbsp;&nbsp; 320 | 296898 |
| 4.25%, 12/15/27 | &nbsp;&nbsp; 257 | 255440 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 1268 | 1236978 |
| Cigna Group(The) |  |  |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 581 | 545614 |
| 3.20%, 03/15/40 | &nbsp;&nbsp; 35 | 27914 |
| 3.40%, 03/15/50 | &nbsp;&nbsp; 347 | 245888 |
| 3.40%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 334 | 234952 |
| 3.88%, 10/15/47 | &nbsp;&nbsp; 328 | 254615 |
| 4.38%, 10/15/28 | &nbsp;&nbsp; 1165 | 1176506 |
| 4.80%, 08/15/38 | &nbsp;&nbsp; 617 | 597441 |
| 4.80%, 07/15/46 | &nbsp;&nbsp; 344 | 308607 |
| 4.90%, 12/15/48 | &nbsp;&nbsp; 823 | 739420 |
| 5.00%, 05/15/29 | &nbsp;&nbsp; 40 | 41209 |
| 5.13%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 40 | 41613 |
| 5.25%, 02/15/34 | &nbsp;&nbsp; 620 | 642357 |
| 5.40%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 315 | 330984 |
| 5.60%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 320 | 313156 |
| 6.13%, 11/15/41 | &nbsp;&nbsp; 177 | 189327 |
| Elevance Health, Inc. |  |  |
| 2.25%, 05/15/30 | &nbsp;&nbsp; 525 | 486042 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 77 | 70920 |
| 2.88%, 09/15/29 | &nbsp;&nbsp; 913 | 877274 |
| 3.13%, 05/15/50 | &nbsp;&nbsp; 145 | 96417 |
| 3.60%, 03/15/51 | &nbsp;&nbsp; 310 | 223221 |
| 3.65%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 1007 | 1003088 |
| 3.70%, 09/15/49 | &nbsp;&nbsp; 225 | 167090 |
| 4.00%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 175 | 175306 |
| 4.10%, 03/01/28 | &nbsp;&nbsp; 691 | 692539 |
| 4.10%, 05/15/32 | &nbsp;&nbsp; 385 | 377843 |
| 4.38%, 12/01/47 | &nbsp;&nbsp; 351 | 293111 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 4.55%, 03/01/48 | &nbsp;&nbsp; $199 | $171412 |
| 4.55%, 05/15/52 | &nbsp;&nbsp; 91 | 76075 |
| 4.60%, 09/15/32 | &nbsp;&nbsp; 175 | 176512 |
| 4.63%, 05/15/42 | &nbsp;&nbsp; 283 | 257920 |
| 4.65%, 01/15/43 | &nbsp;&nbsp; 286 | 258328 |
| 4.65%, 08/15/44 | &nbsp;&nbsp; 243 | 216468 |
| 4.75%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 195 | 199598 |
| 4.75%, 02/15/33 | &nbsp;&nbsp; 262 | 264807 |
| 5.00%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 175 | 175782 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 219 | 207875 |
| 5.13%, 02/15/53 | &nbsp;&nbsp; 125 | 113636 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 265 | 273933 |
| 5.20%, 02/15/35 | &nbsp;&nbsp; 245 | 251573 |
| 5.38%, 06/15/34 | &nbsp;&nbsp; 310 | 322477 |
| 5.50%, 10/15/32 | &nbsp;&nbsp; 435 | 458967 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 78 | 76129 |
| 5.70%, 02/15/55 | &nbsp;&nbsp; 165 | 162011 |
| 5.70%, 09/15/55<sup>(a)</sup> | &nbsp;&nbsp; 250 | 246134 |
| 5.85%, 01/15/36 | &nbsp;&nbsp; 199 | 211964 |
| 5.95%, 12/15/34 | &nbsp;&nbsp; 159 | 171633 |
| 6.10%, 10/15/52 | &nbsp;&nbsp; 85 | 88223 |
| 6.38%, 06/15/37 | &nbsp;&nbsp; 157 | 174098 |
| HCA, Inc. |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 50 | 45135 |
| 3.50%, 09/01/30 | &nbsp;&nbsp; 317 | 307077 |
| 3.50%, 07/15/51 | &nbsp;&nbsp; 467 | 322285 |
| 3.63%, 03/15/32 | &nbsp;&nbsp; 149 | 141804 |
| 4.13%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 769 | 769975 |
| 4.63%, 03/15/52 | &nbsp;&nbsp; 421 | 349174 |
| 5.13%, 06/15/39 | &nbsp;&nbsp; 316 | 307765 |
| 5.25%, 06/15/49 | &nbsp;&nbsp; 526 | 480396 |
| 5.45%, 04/01/31 | &nbsp;&nbsp; 15 | 15703 |
| 5.45%, 09/15/34 | &nbsp;&nbsp; 40 | 41540 |
| 5.50%, 06/01/33 | &nbsp;&nbsp; 774 | 810562 |
| 5.50%, 06/15/47 | &nbsp;&nbsp; 409 | 389687 |
| 5.60%, 04/01/34 | &nbsp;&nbsp; 305 | 320059 |
| 5.75%, 03/01/35 | &nbsp;&nbsp; 90 | 95285 |
| 5.88%, 02/01/29 | &nbsp;&nbsp; 235 | 244762 |
| 5.90%, 06/01/53 | &nbsp;&nbsp; 255 | 250698 |
| 5.95%, 09/15/54 | &nbsp;&nbsp; 161 | 159997 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 225 | 225232 |
| 6.10%, 04/01/64 | &nbsp;&nbsp; 278 | 277681 |
| 6.20%, 03/01/55<sup>(a)</sup> | &nbsp;&nbsp; 160 | 164161 |
| Humana, Inc. |  |  |
| 3.13%, 08/15/29 | &nbsp;&nbsp; 250 | 240419 |
| 3.70%, 03/23/29 | &nbsp;&nbsp; 155 | 152269 |
| 3.95%, 08/15/49 | &nbsp;&nbsp; 178 | 129937 |
| 4.63%, 12/01/42 | &nbsp;&nbsp; 249 | 213961 |
| 4.80%, 03/15/47 | &nbsp;&nbsp; 232 | 193685 |
| 4.88%, 04/01/30 | &nbsp;&nbsp; 149 | 151115 |
| 4.95%, 10/01/44 | &nbsp;&nbsp; 351 | 305762 |
| 5.38%, 04/15/31 | &nbsp;&nbsp; 575 | 592580 |
| 5.50%, 03/15/53<sup>(a)</sup> | &nbsp;&nbsp; 10 | 8990 |
| 5.55%, 05/01/35 | &nbsp;&nbsp; 300 | 305509 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 153 | 142488 |
| 5.88%, 03/01/33 | &nbsp;&nbsp; 250 | 261655 |
| 5.95%, 03/15/34 | &nbsp;&nbsp; 425 | 445488 |
| 6.00%, 05/01/55<sup>(a)</sup> | &nbsp;&nbsp; 60 | 57823 |
| ICON Investments Six DAC, 6.00%, 05/08/34 | &nbsp;&nbsp; 572 | 587029 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| IQVIA, Inc. |  |  |
| 5.70%, 05/15/28 | &nbsp;&nbsp; $682 | $701881 |
| 6.25%, 02/01/29 | &nbsp;&nbsp; 330 | 346858 |
| Laboratory Corp. of America Holdings |  |  |
| 2.70%, 06/01/31 | &nbsp;&nbsp; 535 | 495106 |
| 2.95%, 12/01/29 | &nbsp;&nbsp; 130 | 125007 |
| 3.60%, 09/01/27 | &nbsp;&nbsp; 85 | 84674 |
| 4.35%, 04/01/30 | &nbsp;&nbsp; 35 | 35290 |
| 4.55%, 04/01/32 | &nbsp;&nbsp; 105 | 105811 |
| 4.70%, 02/01/45<sup>(a)</sup> | &nbsp;&nbsp; 441 | 400949 |
| 4.80%, 10/01/34 | &nbsp;&nbsp; 150 | 150122 |
| Quest Diagnostics, Inc. |  |  |
| 2.80%, 06/30/31 | &nbsp;&nbsp; 998 | 929998 |
| 2.95%, 06/30/30 | &nbsp;&nbsp; 903 | 861107 |
| 4.20%, 06/30/29 | &nbsp;&nbsp; 610 | 614343 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 40 | 40836 |
| 4.70%, 03/30/45<sup>(a)</sup> | &nbsp;&nbsp; 216 | 199977 |
| 5.00%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 135 | 138137 |
| UnitedHealth Group, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 125 | 115424 |
| 2.30%, 05/15/31 | &nbsp;&nbsp; 110 | 100339 |
| 2.75%, 05/15/40 | &nbsp;&nbsp; 15 | 11282 |
| 2.88%, 08/15/29 | &nbsp;&nbsp; 251 | 242495 |
| 3.13%, 05/15/60 | &nbsp;&nbsp; 395 | 243053 |
| 3.25%, 05/15/51 | &nbsp;&nbsp; 376 | 256307 |
| 3.50%, 08/15/39 | &nbsp;&nbsp; 85 | 71379 |
| 3.70%, 08/15/49 | &nbsp;&nbsp; 337 | 252548 |
| 3.85%, 06/15/28 | &nbsp;&nbsp; 211 | 211070 |
| 3.88%, 12/15/28 | &nbsp;&nbsp; 160 | 160073 |
| 3.88%, 08/15/59 | &nbsp;&nbsp; 349 | 252770 |
| 3.95%, 10/15/42 | &nbsp;&nbsp; 205 | 171619 |
| 4.00%, 05/15/29 | &nbsp;&nbsp; 265 | 265855 |
| 4.20%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 560 | 557378 |
| 4.20%, 01/15/47 | &nbsp;&nbsp; 186 | 154147 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 490 | 495093 |
| 4.25%, 03/15/43 | &nbsp;&nbsp; 175 | 151168 |
| 4.25%, 04/15/47 | &nbsp;&nbsp; 30 | 24942 |
| 4.25%, 06/15/48 | &nbsp;&nbsp; 330 | 272337 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 35 | 31253 |
| 4.45%, 12/15/48 | &nbsp;&nbsp; 269 | 227734 |
| 4.50%, 04/15/33 | &nbsp;&nbsp; 560 | 558982 |
| 4.63%, 07/15/35 | &nbsp;&nbsp; 318 | 316102 |
| 4.63%, 11/15/41 | &nbsp;&nbsp; 225 | 207075 |
| 4.75%, 07/15/45 | &nbsp;&nbsp; 580 | 524483 |
| 4.75%, 05/15/52 | &nbsp;&nbsp; 270 | 234808 |
| 4.90%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5166 |
| 4.95%, 01/15/32 | &nbsp;&nbsp; 175 | 180486 |
| 4.95%, 05/15/62 | &nbsp;&nbsp; 329 | 287368 |
| 5.00%, 04/15/34 | &nbsp;&nbsp; 554 | 568356 |
| 5.05%, 04/15/53 | &nbsp;&nbsp; 120 | 109235 |
| 5.15%, 07/15/34 | &nbsp;&nbsp; 755 | 779782 |
| 5.20%, 04/15/63 | &nbsp;&nbsp; 95 | 85755 |
| 5.35%, 02/15/33 | &nbsp;&nbsp; 850 | 892267 |
| 5.38%, 04/15/54 | &nbsp;&nbsp; 255 | 241802 |
| 5.50%, 04/15/64 | &nbsp;&nbsp; 80 | 75842 |
| 5.63%, 07/15/54 | &nbsp;&nbsp; 670 | 659840 |
| 5.70%, 10/15/40 | &nbsp;&nbsp; 128 | 133915 |
| 5.75%, 07/15/64 | &nbsp;&nbsp; 490 | 481636 |
| 5.80%, 03/15/36 | &nbsp;&nbsp; 149 | 159881 |
| 5.88%, 02/15/53 | &nbsp;&nbsp; 332 | 337788 |
| 5.95%, 02/15/41 | &nbsp;&nbsp; 140 | 148653 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 6.05%, 02/15/63 | &nbsp;&nbsp; $315 | $323809 |
| 6.50%, 06/15/37 | &nbsp;&nbsp; 161 | 181017 |
| 6.63%, 11/15/37 | &nbsp;&nbsp; 199 | 226312 |
| 6.88%, 02/15/38 | &nbsp;&nbsp; 293 | 340254 |
|  |  | 46296671 |
| **Holding Companies - Diversified — 0.2%** | **Holding Companies - Diversified — 0.2%** | **Holding Companies - Diversified — 0.2%** |
| HA Sustainable Infrastructure Capital, Inc. |  |  |
| 6.15%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 925 | 959626 |
| 6.38%, 07/01/34 | &nbsp;&nbsp; 594 | 613867 |
| 6.75%, 07/15/35 | &nbsp;&nbsp; 225 | 236303 |
| North Haven Private Income Fund LLC |  |  |
| 5.13%, 09/25/28<sup>(d)</sup> | &nbsp;&nbsp; 40 | 39576 |
| 5.75%, 02/01/30 | &nbsp;&nbsp; 1415 | 1396048 |
|  |  | 3245420 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| PulteGroup, Inc. |  |  |
| 6.00%, 02/15/35 | &nbsp;&nbsp; 132 | 142895 |
| 6.38%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 132 | 146883 |
| 7.88%, 06/15/32 | &nbsp;&nbsp; 94 | 110956 |
| Sekisui House U.S., Inc. |  |  |
| 2.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 148 | 133371 |
| 3.85%, 01/15/30 | &nbsp;&nbsp; 49 | 47692 |
| 3.97%, 08/06/61<sup>(a)</sup> | &nbsp;&nbsp; 72 | 49141 |
| 6.00%, 01/15/43 | &nbsp;&nbsp; 102 | 97262 |
| Toll Brothers Finance Corp., 4.35%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 357 | 359180 |
|  |  | 1087380 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Leggett & Platt, Inc. |  |  |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 52 | 51367 |
| 3.50%, 11/15/51 | &nbsp;&nbsp; 192 | 126188 |
| 4.40%, 03/15/29 | &nbsp;&nbsp; 250 | 249010 |
|  |  | 426565 |
| **Household Products & Wares — 0.9%** | **Household Products & Wares — 0.9%** | **Household Products & Wares — 0.9%** |
| Avery Dennison Corp. |  |  |
| 2.25%, 02/15/32 | &nbsp;&nbsp; 342 | 304673 |
| 2.65%, 04/30/30 | &nbsp;&nbsp; 151 | 142383 |
| 4.88%, 12/06/28 | &nbsp;&nbsp; 232 | 236736 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 282 | 301300 |
| Church & Dwight Co., Inc. |  |  |
| 2.30%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 45 | 40886 |
| 3.15%, 08/01/27 | &nbsp;&nbsp; 55 | 54519 |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 30 | 24556 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 327 | 305568 |
| 5.60%, 11/15/32 | &nbsp;&nbsp; 170 | 182994 |
| Clorox Co.(The) |  |  |
| 1.80%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1787 | 1627110 |
| 3.10%, 10/01/27 | &nbsp;&nbsp; 1191 | 1177523 |
| 3.90%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1107 | 1107812 |
| 4.40%, 05/01/29 | &nbsp;&nbsp; 443 | 448224 |
| 4.60%, 05/01/32 | &nbsp;&nbsp; 910 | 923290 |
| Kimberly-Clark Corp. |  |  |
| 1.05%, 09/15/27 | &nbsp;&nbsp; 400 | 384812 |
| 2.00%, 11/02/31 | &nbsp;&nbsp; 210 | 190124 |
| 2.88%, 02/07/50 | &nbsp;&nbsp; 201 | 137766 |
| 3.10%, 03/26/30 | &nbsp;&nbsp; 441 | 427495 |
| 3.20%, 04/25/29 | &nbsp;&nbsp; 1579 | 1551757 |
| 3.90%, 05/04/47 | &nbsp;&nbsp; 175 | 142218 |
| 3.95%, 11/01/28 | &nbsp;&nbsp; 441 | 443076 |
| 4.50%, 02/16/33 | &nbsp;&nbsp; 740 | 756322 |
| 5.30%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 173 | 180113 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Household Products & Wares (continued)** | **Household Products & Wares (continued)** | **Household Products & Wares (continued)** |
| 6.63%, 08/01/37 | &nbsp;&nbsp; $849 | $988027 |
|  |  | 12079284 |
| **Insurance — 3.5%** | **Insurance — 3.5%** | **Insurance — 3.5%** |
| ACE Capital Trust II, Series N, 9.70%, 04/01/30 | &nbsp;&nbsp; 80 | 95638 |
| Aegon Ltd., 5.50%, 04/11/48, (6-mo. SOFR US + <br> 3.97%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1568 | 1587480 |
| Aflac, Inc. |  |  |
| 3.60%, 04/01/30 | &nbsp;&nbsp; 87 | 85715 |
| 4.75%, 01/15/49 | &nbsp;&nbsp; 42 | 37231 |
| Alleghany Corp., 4.90%, 09/15/44 | &nbsp;&nbsp; 9 | 8416 |
| Allstate Corp.(The) |  |  |
| 5.35%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 286 | 300578 |
| 5.55%, 05/09/35 | &nbsp;&nbsp; 86 | 91391 |
| 6.50%, 05/15/67, (3-mo. SOFR US + 2.38%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 231165 |
| American Financial Group, Inc./OH |  |  |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 74 | 63261 |
| 5.25%, 04/02/30<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5226 |
| American International Group, Inc. |  |  |
| 3.88%, 01/15/35 | &nbsp;&nbsp; 180 | 168482 |
| 4.38%, 06/30/50<sup>(a)</sup> | &nbsp;&nbsp; 280 | 233606 |
| 4.50%, 07/16/44 | &nbsp;&nbsp; 185 | 163751 |
| 4.75%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 85 | 76219 |
| 4.80%, 07/10/45 | &nbsp;&nbsp; 40 | 36471 |
| 5.13%, 03/27/33 | &nbsp;&nbsp; 45 | 46435 |
| Aon Corp. |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 140 | 132775 |
| 3.75%, 05/02/29 | &nbsp;&nbsp; 105 | 104130 |
| 4.50%, 12/15/28 | &nbsp;&nbsp; 74 | 75013 |
| 6.25%, 09/30/40 | &nbsp;&nbsp; 50 | 55062 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 2.60%, 12/02/31<sup>(a)</sup> | &nbsp;&nbsp; 120 | 109354 |
| 5.00%, 09/12/32 | &nbsp;&nbsp; 290 | 298500 |
| 5.35%, 02/28/33 | &nbsp;&nbsp; 170 | 177595 |
| Aon Global Ltd., 4.75%, 05/15/45 | &nbsp;&nbsp; 22 | 19523 |
| Aon North America, Inc., 5.75%, 03/01/54 | &nbsp;&nbsp; 325 | 321696 |
| Arch Capital Finance LLC, 5.03%, 12/15/46 | &nbsp;&nbsp; 185 | 174918 |
| Arch Capital Group Ltd. |  |  |
| 3.64%, 06/30/50 | &nbsp;&nbsp; 145 | 107441 |
| 7.35%, 05/01/34 | &nbsp;&nbsp; 49 | 57439 |
| Arch Capital Group U.S., Inc., 5.14%, 11/01/43 | &nbsp;&nbsp; 32 | 30792 |
| Arthur J Gallagher & Co. |  |  |
| 2.40%, 11/09/31 | &nbsp;&nbsp; 75 | 67203 |
| 3.05%, 03/09/52<sup>(a)</sup> | &nbsp;&nbsp; 246 | 155890 |
| 3.50%, 05/20/51 | &nbsp;&nbsp; 115 | 79867 |
| 5.50%, 03/02/33 | &nbsp;&nbsp; 160 | 166920 |
| 5.55%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 215 | 205305 |
| 5.75%, 03/02/53 | &nbsp;&nbsp; 25 | 24268 |
| 5.75%, 07/15/54 | &nbsp;&nbsp; 180 | 175179 |
| 6.75%, 02/15/54 | &nbsp;&nbsp; 110 | 120310 |
| Assurant, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 400 | 358947 |
| 3.70%, 02/22/30 | &nbsp;&nbsp; 1924 | 1882659 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 1426 | 1444461 |
| 5.55%, 02/15/36 | &nbsp;&nbsp; 340 | 345494 |
| Assured Guaranty U.S. Holdings, Inc., 3.15%, <br> 06/15/31<br>| &nbsp;&nbsp; 55 | 51894 |
| Athene Holding Ltd. |  |  |
| 3.45%, 05/15/52<sup>(a)</sup> | &nbsp;&nbsp; 99 | 60552 |
| 3.95%, 05/25/51 | &nbsp;&nbsp; 36 | 24714 |
| 6.15%, 04/03/30<sup>(a)</sup> | &nbsp;&nbsp; 152 | 159449 |
| 6.63%, 10/15/54, (5-year CMT + 2.61%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 121051 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 6.65%, 02/01/33 | &nbsp;&nbsp; $40 | $42749 |
| 6.88%, 06/28/55, (5-year CMT + 2.58%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38531 |
| AXA SA, 8.60%, 12/15/30 | &nbsp;&nbsp; 2309 | 2715805 |
| Axis Specialty Finance LLC |  |  |
| 3.90%, 07/15/29 | &nbsp;&nbsp; 52 | 51711 |
| 4.90%, 01/15/40, (5-year CMT + 3.19%)<sup>(b)</sup> | &nbsp;&nbsp; 120 | 118193 |
| Axis Specialty Finance PLC, 4.00%, 12/06/27 | &nbsp;&nbsp; 55 | 54894 |
| Berkshire Hathaway Finance Corp. |  |  |
| 1.45%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 45 | 40614 |
| 2.88%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 265 | 249466 |
| 3.85%, 03/15/52 | &nbsp;&nbsp; 215 | 166877 |
| 4.20%, 08/15/48 | &nbsp;&nbsp; 291 | 244973 |
| 4.25%, 01/15/49 | &nbsp;&nbsp; 166 | 140117 |
| 5.75%, 01/15/40 | &nbsp;&nbsp; 167 | 183727 |
| Brighthouse Financial, Inc., 4.70%, 06/22/47 | &nbsp;&nbsp; 163 | 113474 |
| Brown & Brown, Inc. |  |  |
| 4.20%, 03/17/32 | &nbsp;&nbsp; 215 | 207715 |
| 4.50%, 03/15/29 | &nbsp;&nbsp; 60 | 60328 |
| 4.95%, 03/17/52 | &nbsp;&nbsp; 44 | 37564 |
| 6.25%, 06/23/55<sup>(a)</sup> | &nbsp;&nbsp; 85 | 86383 |
| Chubb INA Holdings LLC |  |  |
| 1.38%, 09/15/30 | &nbsp;&nbsp; 25 | 22280 |
| 2.85%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 126 | 81687 |
| 3.05%, 12/15/61 | &nbsp;&nbsp; 153 | 96020 |
| 4.15%, 03/13/43 | &nbsp;&nbsp; 45 | 39473 |
| 4.35%, 11/03/45 | &nbsp;&nbsp; 220 | 193249 |
| 6.00%, 05/11/37<sup>(a)</sup> | &nbsp;&nbsp; 120 | 131301 |
| 6.70%, 05/15/36 | &nbsp;&nbsp; 44 | 50703 |
| Series 1, 6.50%, 05/15/38 | &nbsp;&nbsp; 156 | 179047 |
| Cincinnati Financial Corp., 6.13%, 11/01/34 | &nbsp;&nbsp; 55 | 59477 |
| CNO Financial Group, Inc. |  |  |
| 5.25%, 05/30/29 | &nbsp;&nbsp; 568 | 577431 |
| 6.45%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 279 | 291208 |
| Enstar Group Ltd. |  |  |
| 3.10%, 09/01/31 | &nbsp;&nbsp; 45 | 40494 |
| 4.95%, 06/01/29 | &nbsp;&nbsp; 17 | 17242 |
| Equitable Holdings, Inc. |  |  |
| 4.35%, 04/20/28 | &nbsp;&nbsp; 413 | 414860 |
| 5.00%, 04/20/48 | &nbsp;&nbsp; 196 | 174383 |
| 6.70%, 03/28/55, (5-year CMT + 2.39%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 165 | 171762 |
| Everest Reinsurance Holdings, Inc. |  |  |
| 3.13%, 10/15/52<sup>(a)</sup> | &nbsp;&nbsp; 197 | 124869 |
| 3.50%, 10/15/50<sup>(a)</sup> | &nbsp;&nbsp; 45 | 31332 |
| 4.87%, 06/01/44 | &nbsp;&nbsp; 30 | 26701 |
| Fairfax Financial Holdings Ltd. |  |  |
| 3.38%, 03/03/31 | &nbsp;&nbsp; 25 | 23828 |
| 5.63%, 08/16/32 | &nbsp;&nbsp; 135 | 141411 |
| 6.50%, 05/20/55 | &nbsp;&nbsp; 245 | 262099 |
| Fidelity National Financial, Inc., 2.45%, 03/15/31 | &nbsp;&nbsp; 57 | 51082 |
| First American Financial Corp. |  |  |
| 2.40%, 08/15/31 | &nbsp;&nbsp; 10 | 8815 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 395 | 383993 |
| Hanover Insurance Group, Inc.(The) |  |  |
| 2.80%, 08/19/29<sup>(a)</sup> | &nbsp;&nbsp; 545 | 524027 |
| 2.90%, 09/15/51 | &nbsp;&nbsp; 255 | 165895 |
| 3.60%, 08/19/49 | &nbsp;&nbsp; 126 | 93612 |
| 4.30%, 04/15/43 | &nbsp;&nbsp; 152 | 134235 |
| 4.40%, 03/15/48 | &nbsp;&nbsp; 278 | 237716 |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 986 | 1068173 |
| 6.10%, 10/01/41 | &nbsp;&nbsp; 153 | 166804 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Jackson Financial, Inc. |  |  |
| 3.13%, 11/23/31 | &nbsp;&nbsp; $136 | $124124 |
| 4.00%, 11/23/51 | &nbsp;&nbsp; 95 | 64558 |
| Kemper Corp., 3.80%, 02/23/32<sup>(a)</sup> | &nbsp;&nbsp; 25 | 22963 |
| Lincoln National Corp. |  |  |
| 3.05%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 30 | 28560 |
| 3.40%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 60 | 56469 |
| 3.80%, 03/01/28 | &nbsp;&nbsp; 135 | 133841 |
| 4.35%, 03/01/48 | &nbsp;&nbsp; 49 | 38231 |
| 6.30%, 10/09/37<sup>(a)</sup> | &nbsp;&nbsp; 70 | 72596 |
| 7.00%, 06/15/40 | &nbsp;&nbsp; 73 | 77698 |
| Loews Corp., 6.00%, 02/01/35 | &nbsp;&nbsp; 35 | 38222 |
| Manulife Financial Corp. |  |  |
| 3.70%, 03/16/32 | &nbsp;&nbsp; 430 | 415098 |
| 4.06%, 02/24/32, (5-year USD ICE Swap + <br> 1.65%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3001 | 2991985 |
| 4.99%, 12/11/35 | &nbsp;&nbsp; 450 | 451238 |
| 5.38%, 03/04/46 | &nbsp;&nbsp; 263 | 262136 |
| Markel Group, Inc. |  |  |
| 3.35%, 09/17/29 | &nbsp;&nbsp; 52 | 50580 |
| 3.45%, 05/07/52 | &nbsp;&nbsp; 145 | 100178 |
| 4.15%, 09/17/50 | &nbsp;&nbsp; 59 | 46407 |
| 5.00%, 05/20/49 | &nbsp;&nbsp; 47 | 42314 |
| 6.00%, 05/16/54 | &nbsp;&nbsp; 111 | 113048 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.25%, 11/15/30 | &nbsp;&nbsp; 237 | 217537 |
| 4.20%, 03/01/48 | &nbsp;&nbsp; 384 | 315773 |
| 4.35%, 01/30/47 | &nbsp;&nbsp; 246 | 208171 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 713 | 720411 |
| 4.55%, 11/08/27 | &nbsp;&nbsp; 115 | 116069 |
| 4.65%, 03/15/30 | &nbsp;&nbsp; 220 | 224348 |
| 4.75%, 03/15/39 | &nbsp;&nbsp; 40 | 38666 |
| 4.85%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 185 | 190388 |
| 4.90%, 03/15/49 | &nbsp;&nbsp; 301 | 272360 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 75 | 75640 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 310 | 315451 |
| 5.35%, 11/15/44 | &nbsp;&nbsp; 110 | 106595 |
| 5.40%, 09/15/33 | &nbsp;&nbsp; 10 | 10540 |
| 5.40%, 03/15/55 | &nbsp;&nbsp; 545 | 523532 |
| 5.45%, 03/15/54 | &nbsp;&nbsp; 15 | 14391 |
| 5.70%, 09/15/53 | &nbsp;&nbsp; 25 | 24837 |
| 5.88%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 464 | 505001 |
| MetLife, Inc. |  |  |
| 4.05%, 03/01/45 | &nbsp;&nbsp; 284 | 234757 |
| 4.13%, 08/13/42 | &nbsp;&nbsp; 166 | 141228 |
| 4.55%, 03/23/30<sup>(a)</sup> | &nbsp;&nbsp; 119 | 121552 |
| 4.60%, 05/13/46 | &nbsp;&nbsp; 259 | 229835 |
| 4.72%, 12/15/44 | &nbsp;&nbsp; 250 | 224333 |
| 4.88%, 11/13/43 | &nbsp;&nbsp; 269 | 249089 |
| 5.25%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 90 | 84763 |
| 5.30%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 372 | 386796 |
| 5.38%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15786 |
| 5.70%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 128 | 136583 |
| 5.88%, 02/06/41 | &nbsp;&nbsp; 155 | 163194 |
| 6.38%, 06/15/34 | &nbsp;&nbsp; 99 | 110393 |
| 6.40%, 12/15/66 | &nbsp;&nbsp; 544 | 569997 |
| 6.50%, 12/15/32 | &nbsp;&nbsp; 95 | 106771 |
| 10.75%, 08/01/69 | &nbsp;&nbsp; 349 | 463579 |
| Series G, 6.35%, 03/15/55, (5-year CMT + <br> 2.08%)<sup>(b)</sup><br>| &nbsp;&nbsp; 60 | 62493 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Principal Financial Group, Inc. |  |  |
| 3.70%, 05/15/29 | &nbsp;&nbsp; $167 | $165216 |
| 4.30%, 11/15/46 | &nbsp;&nbsp; 187 | 158222 |
| 4.35%, 05/15/43 | &nbsp;&nbsp; 183 | 159739 |
| 4.63%, 09/15/42 | &nbsp;&nbsp; 142 | 128459 |
| 6.05%, 10/15/36<sup>(a)</sup> | &nbsp;&nbsp; 148 | 161556 |
| Progressive Corp.(The) |  |  |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 135 | 125261 |
| 3.20%, 03/26/30<sup>(a)</sup> | &nbsp;&nbsp; 1015 | 985243 |
| 3.70%, 01/26/45 | &nbsp;&nbsp; 90 | 71309 |
| 3.95%, 03/26/50 | &nbsp;&nbsp; 176 | 138340 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 65 | 65324 |
| 4.13%, 04/15/47 | &nbsp;&nbsp; 217 | 179902 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 182 | 151224 |
| 4.35%, 04/25/44 | &nbsp;&nbsp; 182 | 158962 |
| 4.95%, 06/15/33 | &nbsp;&nbsp; 130 | 133991 |
| 6.25%, 12/01/32 | &nbsp;&nbsp; 135 | 149954 |
| 6.63%, 03/01/29 | &nbsp;&nbsp; 1040 | 1121202 |
| Prudential Financial, Inc. |  |  |
| 2.10%, 03/10/30<sup>(a)</sup> | &nbsp;&nbsp; 407 | 380370 |
| 3.00%, 03/10/40 | &nbsp;&nbsp; 85 | 66317 |
| 3.70%, 10/01/50, (5-year CMT + 3.04%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 205 | 191586 |
| 3.70%, 03/13/51<sup>(a)</sup> | &nbsp;&nbsp; 430 | 314062 |
| 3.88%, 03/27/28 | &nbsp;&nbsp; 255 | 255183 |
| 3.91%, 12/07/47 | &nbsp;&nbsp; 186 | 145454 |
| 3.94%, 12/07/49 | &nbsp;&nbsp; 399 | 307828 |
| 4.35%, 02/25/50 | &nbsp;&nbsp; 251 | 204701 |
| 4.42%, 03/27/48 | &nbsp;&nbsp; 97 | 81744 |
| 4.50%, 09/15/47, (3-mo. SOFR US + 2.64%)<sup>(b)</sup> | &nbsp;&nbsp; 558 | 550440 |
| 4.60%, 05/15/44 | &nbsp;&nbsp; 252 | 224003 |
| 5.13%, 03/01/52, (5-year CMT + 3.16%)<sup>(b)</sup> | &nbsp;&nbsp; 265 | 260905 |
| 5.20%, 03/14/35 | &nbsp;&nbsp; 210 | 215226 |
| 5.70%, 12/14/36 | &nbsp;&nbsp; 230 | 243399 |
| 5.70%, 09/15/48, (3-mo. SOFR US + 2.93%)<sup>(b)</sup> | &nbsp;&nbsp; 93 | 93942 |
| 5.75%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 261 | 285465 |
| 6.00%, 09/01/52, (5-year CMT + 3.23%)<sup>(b)</sup> | &nbsp;&nbsp; 315 | 326306 |
| 6.50%, 03/15/54, (5-year CMT + 2.40%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 295 | 310965 |
| 6.63%, 12/01/37 | &nbsp;&nbsp; 313 | 360329 |
| 6.63%, 06/21/40 | &nbsp;&nbsp; 236 | 267192 |
| 6.75%, 03/01/53, (5-year CMT + 2.85%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 102 | 109321 |
| Prudential Funding Asia PLC |  |  |
| 3.13%, 04/14/30 | &nbsp;&nbsp; 199 | 192093 |
| 3.63%, 03/24/32<sup>(a)</sup> | &nbsp;&nbsp; 517 | 500514 |
| Reinsurance Group of America, Inc. |  |  |
| 3.90%, 05/15/29 | &nbsp;&nbsp; 91 | 90392 |
| 6.00%, 09/15/33 | &nbsp;&nbsp; 50 | 53450 |
| 6.65%, 09/15/55, (5-year CMT + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 60 | 62061 |
| RenaissanceRe Holdings Ltd., 5.75%, 06/05/33 | &nbsp;&nbsp; 5 | 5272 |
| Selective Insurance Group, Inc. |  |  |
| 5.38%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 160 | 151876 |
| 5.90%, 04/15/35 | &nbsp;&nbsp; 70 | 74100 |
| Stewart Information Services Corp., 3.60%, <br> 11/15/31<br>| &nbsp;&nbsp; 1078 | 974628 |
| Transatlantic Holdings, Inc., 8.00%, 11/30/39 | &nbsp;&nbsp; 10 | 12563 |
| Travelers Companies, Inc.(The) |  |  |
| 2.55%, 04/27/50 | &nbsp;&nbsp; 59 | 36328 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 206 | 163801 |
| 4.00%, 05/30/47 | &nbsp;&nbsp; 263 | 215013 |
| 4.05%, 03/07/48 | &nbsp;&nbsp; 337 | 276108 |
| 4.10%, 03/04/49 | &nbsp;&nbsp; 220 | 181802 |
| 4.30%, 08/25/45 | &nbsp;&nbsp; 174 | 150068 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.60%, 08/01/43 | &nbsp;&nbsp; $210 | $193732 |
| 5.35%, 11/01/40 | &nbsp;&nbsp; 313 | 319073 |
| 6.25%, 06/15/37 | &nbsp;&nbsp; 266 | 298157 |
| 6.75%, 06/20/36 | &nbsp;&nbsp; 174 | 201033 |
| Travelers Property Casualty Corp., 6.38%, <br> 03/15/33<br>| &nbsp;&nbsp; 262 | 296728 |
| Unum Group |  |  |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 60 | 59579 |
| 4.13%, 06/15/51 | &nbsp;&nbsp; 65 | 48498 |
| 4.50%, 12/15/49 | &nbsp;&nbsp; 95 | 74591 |
| 5.75%, 08/15/42 | &nbsp;&nbsp; 75 | 74435 |
| Willis North America, Inc. |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 346 | 331017 |
| 3.88%, 09/15/49 | &nbsp;&nbsp; 302 | 225140 |
| 4.50%, 09/15/28 | &nbsp;&nbsp; 173 | 174096 |
| 4.55%, 03/15/31 | &nbsp;&nbsp; 175 | 175161 |
| 5.05%, 09/15/48 | &nbsp;&nbsp; 151 | 136483 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 115 | 115259 |
| 5.35%, 05/15/33 | &nbsp;&nbsp; 20 | 20602 |
| 5.90%, 03/05/54 | &nbsp;&nbsp; 260 | 257474 |
| XL Group Ltd., 5.25%, 12/15/43 | &nbsp;&nbsp; 765 | 735556 |
|  |  | 49314226 |
| **Internet — 1.1%** | **Internet — 1.1%** | **Internet — 1.1%** |
| Alibaba Group Holding Ltd. |  |  |
| 2.13%, 02/09/31 | &nbsp;&nbsp; 251 | 230473 |
| 2.70%, 02/09/41 | &nbsp;&nbsp; 90 | 68461 |
| 3.15%, 02/09/51 | &nbsp;&nbsp; 503 | 347839 |
| 3.25%, 02/09/61 | &nbsp;&nbsp; 308 | 203206 |
| 4.00%, 12/06/37 | &nbsp;&nbsp; 305 | 284686 |
| 4.20%, 12/06/47 | &nbsp;&nbsp; 319 | 269908 |
| 4.40%, 12/06/57 | &nbsp;&nbsp; 305 | 257561 |
| 4.50%, 11/28/34 | &nbsp;&nbsp; 206 | 206268 |
| Alphabet, Inc. |  |  |
| 2.05%, 08/15/50 | &nbsp;&nbsp; 228 | 125740 |
| 2.25%, 08/15/60 | &nbsp;&nbsp; 368 | 193219 |
| 5.45%, 11/15/55 | &nbsp;&nbsp; 45 | 44709 |
| 5.65%, 02/15/56 | &nbsp;&nbsp; 900 | 920366 |
| 5.70%, 11/15/75 | &nbsp;&nbsp; 605 | 604625 |
| 5.75%, 02/15/66 | &nbsp;&nbsp; 355 | 361468 |
| Amazon.com, Inc. |  |  |
| 2.50%, 06/03/50 | &nbsp;&nbsp; 708 | 428619 |
| 2.70%, 06/03/60 | &nbsp;&nbsp; 1025 | 579201 |
| 3.10%, 05/12/51 | &nbsp;&nbsp; 587 | 398797 |
| 3.25%, 05/12/61 | &nbsp;&nbsp; 527 | 338957 |
| 3.88%, 08/22/37 | &nbsp;&nbsp; 443 | 410997 |
| 3.95%, 04/13/52 | &nbsp;&nbsp; 515 | 406588 |
| 4.05%, 08/22/47 | &nbsp;&nbsp; 626 | 517193 |
| 4.10%, 04/13/62 | &nbsp;&nbsp; 270 | 207762 |
| 4.25%, 08/22/57 | &nbsp;&nbsp; 753 | 607167 |
| 4.70%, 12/01/32 | &nbsp;&nbsp; 215 | 222303 |
| 4.80%, 12/05/34 | &nbsp;&nbsp; 370 | 383464 |
| 4.95%, 12/05/44<sup>(a)</sup> | &nbsp;&nbsp; 295 | 286065 |
| Baidu, Inc., 2.38%, 08/23/31 | &nbsp;&nbsp; 200 | 184352 |
| eBay, Inc. |  |  |
| 2.70%, 03/11/30 | &nbsp;&nbsp; 170 | 161101 |
| 3.65%, 05/10/51 | &nbsp;&nbsp; 384 | 285350 |
| 4.00%, 07/15/42 | &nbsp;&nbsp; 299 | 249594 |
| Meta Platforms, Inc. |  |  |
| 4.45%, 08/15/52 | &nbsp;&nbsp; 305 | 250233 |
| 4.65%, 08/15/62 | &nbsp;&nbsp; 462 | 374783 |
| 5.40%, 08/15/54 | &nbsp;&nbsp; 410 | 386918 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 5.55%, 08/15/64 | &nbsp;&nbsp; $775 | $729770 |
| 5.60%, 05/15/53 | &nbsp;&nbsp; 5 | 4863 |
| 5.63%, 11/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1120 | 1096284 |
| 5.75%, 05/15/63 | &nbsp;&nbsp; 511 | 496676 |
| 5.75%, 11/15/65 | &nbsp;&nbsp; 1065 | 1036769 |
| Uber Technologies, Inc. |  |  |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 625 | 620773 |
| 5.35%, 09/15/54 | &nbsp;&nbsp; 455 | 433888 |
|  |  | 15216996 |
| **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** |
| Nucor Corp. |  |  |
| 2.98%, 12/15/55<sup>(a)</sup> | &nbsp;&nbsp; 482 | 307279 |
| 3.95%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; 100 | 100246 |
| 4.40%, 05/01/48 | &nbsp;&nbsp; 130 | 112292 |
| 5.20%, 08/01/43 | &nbsp;&nbsp; 245 | 241698 |
| 6.40%, 12/01/37<sup>(a)</sup> | &nbsp;&nbsp; 238 | 268647 |
| Steel Dynamics, Inc. |  |  |
| 3.25%, 10/15/50 | &nbsp;&nbsp; 141 | 96215 |
| 3.45%, 04/15/30 | &nbsp;&nbsp; 46 | 44739 |
| 4.00%, 12/15/28 | &nbsp;&nbsp; 150 | 150097 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 140 | 143600 |
| 5.38%, 08/15/34 | &nbsp;&nbsp; 30 | 31171 |
| 5.75%, 05/15/55 | &nbsp;&nbsp; 95 | 94611 |
|  |  | 1590595 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| Brunswick Corp. |  |  |
| 4.40%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 107 | 103991 |
| 5.10%, 04/01/52 | &nbsp;&nbsp; 15 | 12106 |
| Harley-Davidson, Inc., 4.63%, 07/28/45<sup>(a)</sup> | &nbsp;&nbsp; 661 | 528964 |
|  |  | 645061 |
| **Lodging — 0.2%** | **Lodging — 0.2%** | **Lodging — 0.2%** |
| Choice Hotels International, Inc. |  |  |
| 3.70%, 12/01/29 | &nbsp;&nbsp; 62 | 60620 |
| 3.70%, 01/15/31 | &nbsp;&nbsp; 122 | 117538 |
| 5.85%, 08/01/34<sup>(a)</sup> | &nbsp;&nbsp; 390 | 404342 |
| Hyatt Hotels Corp., 5.75%, 04/23/30 | &nbsp;&nbsp; 81 | 85100 |
| Las Vegas Sands Corp., 6.20%, 08/15/34 | &nbsp;&nbsp; 80 | 84480 |
| Marriott International, Inc./MD |  |  |
| 5.55%, 10/15/28 | &nbsp;&nbsp; 20 | 20762 |
| Series AA, 4.65%, 12/01/28 | &nbsp;&nbsp; 80 | 81263 |
| Series FF, 4.63%, 06/15/30 | &nbsp;&nbsp; 262 | 266829 |
| Series GG, 3.50%, 10/15/32 | &nbsp;&nbsp; 242 | 228283 |
| Series X, 4.00%, 04/15/28 | &nbsp;&nbsp; 15 | 15030 |
| Sands China Ltd. |  |  |
| 2.85%, 03/08/29 | &nbsp;&nbsp; 425 | 406423 |
| 3.25%, 08/08/31 | &nbsp;&nbsp; 404 | 375914 |
| 4.38%, 06/18/30 | &nbsp;&nbsp; 206 | 203741 |
| 5.40%, 08/08/28 | &nbsp;&nbsp; 555 | 566614 |
|  |  | 2916939 |
| **Machinery — 1.7%** | **Machinery — 1.7%** | **Machinery — 1.7%** |
| AGCO Corp., 5.80%, 03/21/34 | &nbsp;&nbsp; 562 | 594118 |
| Caterpillar Financial Services Corp. |  |  |
| 4.15%, 01/08/31 | &nbsp;&nbsp; 50 | 50407 |
| 4.40%, 03/03/28 | &nbsp;&nbsp; 50 | 50694 |
| 4.70%, 11/15/29 | &nbsp;&nbsp; 40 | 41212 |
| Caterpillar, Inc. |  |  |
| 2.60%, 09/19/29 | &nbsp;&nbsp; 5 | 4807 |
| 2.60%, 04/09/30 | &nbsp;&nbsp; 133 | 126825 |
| 3.25%, 09/19/49 | &nbsp;&nbsp; 122 | 88723 |
| 3.25%, 04/09/50<sup>(a)</sup> | &nbsp;&nbsp; 100 | 72712 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| 3.80%, 08/15/42 | &nbsp;&nbsp; $271 | $231583 |
| 4.30%, 05/15/44 | &nbsp;&nbsp; 196 | 175149 |
| 4.75%, 05/15/64 | &nbsp;&nbsp; 608 | 543563 |
| 5.20%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 95 | 99522 |
| 5.20%, 05/27/41 | &nbsp;&nbsp; 265 | 271574 |
| 5.30%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 160 | 170861 |
| 6.05%, 08/15/36<sup>(a)</sup> | &nbsp;&nbsp; 205 | 231460 |
| CNH Industrial Capital LLC |  |  |
| 4.38%, 03/07/31 | &nbsp;&nbsp; 1275 | 1273425 |
| 4.50%, 10/08/27 | &nbsp;&nbsp; 70 | 70477 |
| 4.50%, 10/16/30 | &nbsp;&nbsp; 1715 | 1727904 |
| 4.55%, 04/10/28 | &nbsp;&nbsp; 1030 | 1039959 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 125 | 126677 |
| 5.10%, 04/20/29 | &nbsp;&nbsp; 1475 | 1516834 |
| 5.50%, 01/12/29 | &nbsp;&nbsp; 1076 | 1116351 |
| CNH Industrial NV, 3.85%, 11/15/27 | &nbsp;&nbsp; 2228 | 2222991 |
| Deere & Co. |  |  |
| 2.88%, 09/07/49<sup>(a)</sup> | &nbsp;&nbsp; 135 | 93015 |
| 3.10%, 04/15/30 | &nbsp;&nbsp; 237 | 230063 |
| 3.75%, 04/15/50 | &nbsp;&nbsp; 144 | 115013 |
| 3.90%, 06/09/42 | &nbsp;&nbsp; 54 | 47380 |
| 5.38%, 10/16/29 | &nbsp;&nbsp; 70 | 73780 |
| 5.45%, 01/16/35 | &nbsp;&nbsp; 110 | 117434 |
| 5.70%, 01/19/55<sup>(a)</sup> | &nbsp;&nbsp; 315 | 333580 |
| 7.13%, 03/03/31<sup>(a)</sup> | &nbsp;&nbsp; 170 | 194788 |
| Dover Corp. |  |  |
| 2.95%, 11/04/29 | &nbsp;&nbsp; 40 | 38546 |
| 5.38%, 10/15/35 | &nbsp;&nbsp; 150 | 160392 |
| 5.38%, 03/01/41 | &nbsp;&nbsp; 15 | 15598 |
| Flowserve Corp. |  |  |
| 2.80%, 01/15/32 | &nbsp;&nbsp; 30 | 27287 |
| 3.50%, 10/01/30 | &nbsp;&nbsp; 309 | 298291 |
| IDEX Corp., 2.63%, 06/15/31 | &nbsp;&nbsp; 260 | 238577 |
| Ingersoll Rand, Inc., 5.70%, 06/15/54 | &nbsp;&nbsp; 105 | 106720 |
| John Deere Capital Corp. |  |  |
| 1.75%, 03/09/27 | &nbsp;&nbsp; 52 | 50999 |
| 2.45%, 01/09/30<sup>(a)</sup> | &nbsp;&nbsp; 55 | 52459 |
| 2.80%, 07/18/29<sup>(a)</sup> | &nbsp;&nbsp; 100 | 96845 |
| 3.05%, 01/06/28 | &nbsp;&nbsp; 95 | 94013 |
| 3.45%, 03/07/29 | &nbsp;&nbsp; 165 | 163596 |
| 3.90%, 06/07/32 | &nbsp;&nbsp; 405 | 401361 |
| 4.35%, 09/15/32 | &nbsp;&nbsp; 410 | 415020 |
| 4.38%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 75 | 76297 |
| 4.95%, 07/14/28 | &nbsp;&nbsp; 20 | 20554 |
| 5.10%, 04/11/34 | &nbsp;&nbsp; 272 | 284324 |
| 5.15%, 09/08/33 | &nbsp;&nbsp; 415 | 438556 |
| Series 1, 5.05%, 06/12/34 | &nbsp;&nbsp; 684 | 712865 |
| nVent Finance SARL, 4.55%, 04/15/28 | &nbsp;&nbsp; 57 | 57455 |
| Oshkosh Corp. |  |  |
| 3.10%, 03/01/30 | &nbsp;&nbsp; 1323 | 1271532 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 1267 | 1279479 |
| Otis Worldwide Corp. |  |  |
| 3.36%, 02/15/50<sup>(a)</sup> | &nbsp;&nbsp; 89 | 63881 |
| 5.25%, 08/16/28 | &nbsp;&nbsp; 55 | 56725 |
| Rockwell Automation, Inc. |  |  |
| 2.80%, 08/15/61 | &nbsp;&nbsp; 205 | 119851 |
| 3.50%, 03/01/29 | &nbsp;&nbsp; 70 | 69218 |
| 4.20%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 112 | 94981 |
| Westinghouse Air Brake Technologies Corp., <br> 4.70%, 09/15/28<br>| &nbsp;&nbsp; 51 | 51794 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Xylem, Inc. |  |  |
| 1.95%, 01/30/28 | &nbsp;&nbsp; $2150 | $2075331 |
| 2.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 1816 | 1660429 |
|  |  | 23545857 |
| **Manufacturing — 1.0%** | **Manufacturing — 1.0%** | **Manufacturing — 1.0%** |
| 3M Co. |  |  |
| 2.38%, 08/26/29 | &nbsp;&nbsp; 453 | 430057 |
| 2.88%, 10/15/27 | &nbsp;&nbsp; 2795 | 2757062 |
| 3.05%, 04/15/30 | &nbsp;&nbsp; 948 | 912720 |
| 3.63%, 09/14/28 | &nbsp;&nbsp; 1305 | 1298651 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 505 | 519143 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 1035 | 1068966 |
| 5.70%, 03/15/37<sup>(a)</sup> | &nbsp;&nbsp; 720 | 769064 |
| Eaton Corp. |  |  |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 56 | 55514 |
| 3.92%, 09/15/47 | &nbsp;&nbsp; 16 | 13304 |
| 4.00%, 11/02/32 | &nbsp;&nbsp; 149 | 147899 |
| 4.15%, 11/02/42 | &nbsp;&nbsp; 186 | 164688 |
| 4.70%, 08/23/52<sup>(a)</sup> | &nbsp;&nbsp; 70 | 63826 |
| Illinois Tool Works, Inc., 3.90%, 09/01/42 | &nbsp;&nbsp; 114 | 98965 |
| Parker-Hannifin Corp. |  |  |
| 3.25%, 06/14/29 | &nbsp;&nbsp; 73 | 71551 |
| 4.00%, 06/14/49 | &nbsp;&nbsp; 237 | 194733 |
| 4.10%, 03/01/47 | &nbsp;&nbsp; 63 | 53314 |
| 4.20%, 11/21/34 | &nbsp;&nbsp; 71 | 70074 |
| 4.45%, 11/21/44 | &nbsp;&nbsp; 71 | 63678 |
| 6.25%, 05/15/38 | &nbsp;&nbsp; 82 | 92881 |
| Pentair Finance SARL |  |  |
| 4.50%, 07/01/29 | &nbsp;&nbsp; 1021 | 1030647 |
| 5.90%, 07/15/32 | &nbsp;&nbsp; 1625 | 1741672 |
| Teledyne Technologies, Inc. |  |  |
| 2.25%, 04/01/28 | &nbsp;&nbsp; 277 | 267963 |
| 2.75%, 04/01/31 | &nbsp;&nbsp; 1946 | 1818704 |
| Textron, Inc. |  |  |
| 3.00%, 06/01/30 | &nbsp;&nbsp; 27 | 25842 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 10 | 9967 |
|  |  | 13740885 |
| **Media — 1.7%** | **Media — 1.7%** | **Media — 1.7%** |
| Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| 2.80%, 04/01/31 | &nbsp;&nbsp; 75 | 68184 |
| 3.70%, 04/01/51 | &nbsp;&nbsp; 400 | 258922 |
| 3.85%, 04/01/61 | &nbsp;&nbsp; 437 | 264019 |
| 3.90%, 06/01/52 | &nbsp;&nbsp; 463 | 304150 |
| 3.95%, 06/30/62 | &nbsp;&nbsp; 361 | 220635 |
| 4.40%, 04/01/33 | &nbsp;&nbsp; 235 | 223673 |
| 4.40%, 12/01/61 | &nbsp;&nbsp; 480 | 321634 |
| 4.80%, 03/01/50 | &nbsp;&nbsp; 523 | 398762 |
| 5.13%, 07/01/49 | &nbsp;&nbsp; 191 | 151776 |
| 5.25%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 259 | 209223 |
| 5.38%, 04/01/38 | &nbsp;&nbsp; 208 | 193138 |
| 5.38%, 05/01/47 | &nbsp;&nbsp; 596 | 497460 |
| 5.50%, 04/01/63 | &nbsp;&nbsp; 244 | 194219 |
| 5.75%, 04/01/48 | &nbsp;&nbsp; 496 | 430644 |
| 6.38%, 10/23/35 | &nbsp;&nbsp; 544 | 567987 |
| 6.48%, 10/23/45 | &nbsp;&nbsp; 725 | 689592 |
| 6.83%, 10/23/55 | &nbsp;&nbsp; 286 | 281134 |
| Comcast Corp. |  |  |
| 2.45%, 08/15/52 | &nbsp;&nbsp; 612 | 332683 |
| 2.65%, 02/01/30 | &nbsp;&nbsp; 115 | 109386 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 2.65%, 08/15/62 | &nbsp;&nbsp; $437 | $226641 |
| 2.80%, 01/15/51 | &nbsp;&nbsp; 305 | 181437 |
| 2.89%, 11/01/51 | &nbsp;&nbsp; 861 | 519822 |
| 2.94%, 11/01/56 | &nbsp;&nbsp; 1079 | 628697 |
| 2.99%, 11/01/63 | &nbsp;&nbsp; 938 | 521415 |
| 3.20%, 07/15/36 | &nbsp;&nbsp; 114 | 98949 |
| 3.25%, 11/01/39 | &nbsp;&nbsp; 134 | 106855 |
| 3.40%, 07/15/46 | &nbsp;&nbsp; 211 | 150580 |
| 3.45%, 02/01/50 | &nbsp;&nbsp; 366 | 250998 |
| 3.75%, 04/01/40 | &nbsp;&nbsp; 86 | 72490 |
| 3.90%, 03/01/38 | &nbsp;&nbsp; 70 | 62189 |
| 3.97%, 11/01/47 | &nbsp;&nbsp; 428 | 328422 |
| 4.00%, 08/15/47 | &nbsp;&nbsp; 216 | 167342 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 234 | 180361 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 472 | 357137 |
| 4.05%, 11/01/52<sup>(a)</sup> | &nbsp;&nbsp; 449 | 337246 |
| 4.20%, 08/15/34 | &nbsp;&nbsp; 10 | 9694 |
| 4.25%, 10/15/30 | &nbsp;&nbsp; 25 | 25210 |
| 4.25%, 01/15/33 | &nbsp;&nbsp; 65 | 64337 |
| 4.40%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4849 |
| 4.60%, 10/15/38 | &nbsp;&nbsp; 230 | 217065 |
| 4.60%, 08/15/45 | &nbsp;&nbsp; 221 | 192376 |
| 4.65%, 07/15/42 | &nbsp;&nbsp; 385 | 345539 |
| 4.70%, 10/15/48 | &nbsp;&nbsp; 546 | 466132 |
| 4.75%, 03/01/44 | &nbsp;&nbsp; 250 | 223429 |
| 4.95%, 10/15/58 | &nbsp;&nbsp; 433 | 370095 |
| 5.17%, 01/15/37<sup>(d)</sup> | &nbsp;&nbsp; 110 | 110776 |
| 5.50%, 05/15/64<sup>(a)</sup> | &nbsp;&nbsp; 229 | 210946 |
| 5.65%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 45 | 47928 |
| 6.45%, 03/15/37 | &nbsp;&nbsp; 448 | 500894 |
| 6.50%, 11/15/35 | &nbsp;&nbsp; 295 | 332612 |
| 6.55%, 07/01/39 | &nbsp;&nbsp; 150 | 167313 |
| 6.95%, 08/15/37 | &nbsp;&nbsp; 281 | 325525 |
| 7.05%, 03/15/33 | &nbsp;&nbsp; 100 | 115422 |
| FactSet Research Systems, Inc., 3.45%, <br> 03/01/32<sup>(a)</sup><br>| &nbsp;&nbsp; 895 | 819942 |
| Fox Corp. |  |  |
| 4.71%, 01/25/29 | &nbsp;&nbsp; 41 | 41620 |
| 5.48%, 01/25/39 | &nbsp;&nbsp; 234 | 232612 |
| 5.58%, 01/25/49<sup>(a)</sup> | &nbsp;&nbsp; 409 | 387440 |
| 6.50%, 10/13/33 | &nbsp;&nbsp; 50 | 54818 |
| NBCUniversal Media LLC |  |  |
| 4.45%, 01/15/43 | &nbsp;&nbsp; 75 | 64996 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 125 | 130094 |
| 6.40%, 04/30/40 | &nbsp;&nbsp; 150 | 165009 |
| Paramount Global |  |  |
| 4.20%, 06/01/29 | &nbsp;&nbsp; 42 | 40410 |
| 4.20%, 05/19/32 | &nbsp;&nbsp; 82 | 72210 |
| 4.38%, 03/15/43 | &nbsp;&nbsp; 216 | 135479 |
| 4.60%, 01/15/45 | &nbsp;&nbsp; 113 | 71213 |
| 4.85%, 07/01/42 | &nbsp;&nbsp; 115 | 78003 |
| 4.90%, 08/15/44 | &nbsp;&nbsp; 49 | 31476 |
| 4.95%, 01/15/31 | &nbsp;&nbsp; 274 | 256276 |
| 4.95%, 05/19/50 | &nbsp;&nbsp; 220 | 138965 |
| 5.25%, 04/01/44 | &nbsp;&nbsp; 104 | 70639 |
| 5.50%, 05/15/33 | &nbsp;&nbsp; 323 | 291043 |
| 5.85%, 09/01/43 | &nbsp;&nbsp; 291 | 215516 |
| 5.90%, 10/15/40 | &nbsp;&nbsp; 67 | 54806 |
| 6.88%, 04/30/36 | &nbsp;&nbsp; 253 | 229820 |
| 7.88%, 07/30/30 | &nbsp;&nbsp; 64 | 67405 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| Time Warner Cable Enterprises LLC, 8.38%, <br> 07/15/33<br>| &nbsp;&nbsp; $260 | $304527 |
| Time Warner Cable LLC |  |  |
| 5.50%, 09/01/41 | &nbsp;&nbsp; 253 | 226628 |
| 5.88%, 11/15/40 | &nbsp;&nbsp; 308 | 289181 |
| 6.55%, 05/01/37 | &nbsp;&nbsp; 320 | 329726 |
| 6.75%, 06/15/39 | &nbsp;&nbsp; 356 | 365035 |
| 7.30%, 07/01/38 | &nbsp;&nbsp; 328 | 355205 |
| TWDC Enterprises 18 Corp. |  |  |
| 3.00%, 07/30/46<sup>(a)</sup> | &nbsp;&nbsp; 256 | 181519 |
| 4.13%, 06/01/44 | &nbsp;&nbsp; 261 | 222666 |
| 4.38%, 08/16/41 | &nbsp;&nbsp; 190 | 173526 |
| Series B, 7.00%, 03/01/32 | &nbsp;&nbsp; 30 | 34390 |
| Series E, 4.13%, 12/01/41 | &nbsp;&nbsp; 123 | 109114 |
| Walt Disney Co.(The) |  |  |
| 2.00%, 09/01/29 | &nbsp;&nbsp; 16 | 15087 |
| 2.75%, 09/01/49 | &nbsp;&nbsp; 646 | 415504 |
| 3.60%, 01/13/51<sup>(a)</sup> | &nbsp;&nbsp; 575 | 432074 |
| 3.70%, 03/23/27 | &nbsp;&nbsp; 10 | 10003 |
| 3.80%, 05/13/60 | &nbsp;&nbsp; 797 | 588542 |
| 4.63%, 03/23/40 | &nbsp;&nbsp; 30 | 29000 |
| 4.70%, 03/23/50<sup>(a)</sup> | &nbsp;&nbsp; 420 | 378324 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 125 | 115942 |
| 4.75%, 11/15/46 | &nbsp;&nbsp; 203 | 186194 |
| 4.95%, 10/15/45 | &nbsp;&nbsp; 194 | 183992 |
| 5.40%, 10/01/43<sup>(a)</sup> | &nbsp;&nbsp; 244 | 248721 |
| 6.15%, 03/01/37 | &nbsp;&nbsp; 120 | 134440 |
| 6.15%, 02/15/41 | &nbsp;&nbsp; 109 | 119916 |
| 6.20%, 12/15/34 | &nbsp;&nbsp; 10 | 11308 |
| 6.40%, 12/15/35 | &nbsp;&nbsp; 40 | 45466 |
| 6.55%, 03/15/33 | &nbsp;&nbsp; 51 | 58052 |
| 6.65%, 11/15/37 | &nbsp;&nbsp; 248 | 286126 |
| 7.75%, 12/01/45 | &nbsp;&nbsp; 260 | 333614 |
|  |  | 23471558 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Valmont Industries, Inc. |  |  |
| 5.00%, 10/01/44 | &nbsp;&nbsp; 70 | 65117 |
| 5.25%, 10/01/54 | &nbsp;&nbsp; 100 | 96298 |
|  |  | 161415 |
| **Mining — 0.3%** | **Mining — 0.3%** | **Mining — 0.3%** |
| AngloGold Ashanti Holdings PLC |  |  |
| 3.38%, 11/01/28 | &nbsp;&nbsp; 333 | 324073 |
| 3.75%, 10/01/30 | &nbsp;&nbsp; 255 | 246483 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.13%, 02/24/42 | &nbsp;&nbsp; 300 | 264317 |
| 5.00%, 09/30/43 | &nbsp;&nbsp; 40 | 38749 |
| 5.50%, 09/08/53 | &nbsp;&nbsp; 30 | 30235 |
| 5.75%, 09/05/55 | &nbsp;&nbsp; 10 | 10435 |
| Freeport-McMoRan, Inc. |  |  |
| 5.40%, 11/14/34<sup>(a)</sup> | &nbsp;&nbsp; 240 | 250687 |
| 5.45%, 03/15/43 | &nbsp;&nbsp; 305 | 301599 |
| Newmont Corp. |  |  |
| 2.60%, 07/15/32 | &nbsp;&nbsp; 256 | 234952 |
| 4.88%, 03/15/42 | &nbsp;&nbsp; 201 | 195216 |
| 5.45%, 06/09/44 | &nbsp;&nbsp; 43 | 43601 |
| 5.88%, 04/01/35 | &nbsp;&nbsp; 15 | 16286 |
| Newmont Corp./Newcrest Finance Pty. Ltd., <br> 4.20%, 05/13/50<br>| &nbsp;&nbsp; 15 | 12504 |
| Rio Tinto Alcan, Inc. |  |  |
| 5.75%, 06/01/35 | &nbsp;&nbsp; 122 | 131467 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| 6.13%, 12/15/33 | &nbsp;&nbsp; $227 | $250462 |
| 7.25%, 03/15/31 | &nbsp;&nbsp; 122 | 139503 |
| Rio Tinto Finance USA Ltd. |  |  |
| 2.75%, 11/02/51 | &nbsp;&nbsp; 221 | 139718 |
| 5.20%, 11/02/40 | &nbsp;&nbsp; 231 | 233894 |
| 7.13%, 07/15/28 | &nbsp;&nbsp; 90 | 96656 |
| Rio Tinto Finance USA PLC |  |  |
| 4.13%, 08/21/42 | &nbsp;&nbsp; 125 | 109307 |
| 4.75%, 03/22/42 | &nbsp;&nbsp; 187 | 177478 |
| 5.13%, 03/09/53 | &nbsp;&nbsp; 143 | 135604 |
| 5.75%, 03/14/55<sup>(a)</sup> | &nbsp;&nbsp; 75 | 77893 |
| 5.88%, 03/14/65 | &nbsp;&nbsp; 265 | 276616 |
| Southern Copper Corp. |  |  |
| 5.25%, 11/08/42 | &nbsp;&nbsp; 121 | 118239 |
| 5.88%, 04/23/45<sup>(a)</sup> | &nbsp;&nbsp; 255 | 266349 |
| 6.75%, 04/16/40 | &nbsp;&nbsp; 136 | 155620 |
| 7.50%, 07/27/35 | &nbsp;&nbsp; 199 | 236965 |
|  |  | 4514908 |
| **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** |
| CDW LLC/CDW Finance Corp. |  |  |
| 3.28%, 12/01/28 | &nbsp;&nbsp; 337 | 328743 |
| 3.57%, 12/01/31 | &nbsp;&nbsp; 388 | 362558 |
| 4.25%, 04/01/28 | &nbsp;&nbsp; 170 | 169329 |
|  |  | 860630 |
| **Oil & Gas — 2.7%** | **Oil & Gas — 2.7%** | **Oil & Gas — 2.7%** |
| APA Corp. |  |  |
| 5.35%, 07/01/49 | &nbsp;&nbsp; 46 | 39935 |
| 6.00%, 01/15/37 | &nbsp;&nbsp; 5 | 5166 |
| 6.10%, 02/15/35 | &nbsp;&nbsp; 10 | 10466 |
| 6.75%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 120 | 122038 |
| BP Capital Markets America, Inc. |  |  |
| 2.77%, 11/10/50 | &nbsp;&nbsp; 552 | 350549 |
| 2.94%, 06/04/51 | &nbsp;&nbsp; 401 | 262284 |
| 3.00%, 02/24/50 | &nbsp;&nbsp; 591 | 395229 |
| 3.00%, 03/17/52 | &nbsp;&nbsp; 245 | 161049 |
| 3.38%, 02/08/61 | &nbsp;&nbsp; 958 | 641334 |
| 3.63%, 04/06/30 | &nbsp;&nbsp; 160 | 158283 |
| 3.94%, 09/21/28 | &nbsp;&nbsp; 148 | 148509 |
| 4.23%, 11/06/28 | &nbsp;&nbsp; 140 | 141433 |
| BP Capital Markets PLC, 3.72%, 11/28/28 | &nbsp;&nbsp; 95 | 94825 |
| Burlington Resources LLC |  |  |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 170 | 186124 |
| 7.20%, 08/15/31 | &nbsp;&nbsp; 275 | 315346 |
| Chevron Corp., 3.08%, 05/11/50 | &nbsp;&nbsp; 298 | 208577 |
| Chevron USA, Inc. |  |  |
| 2.34%, 08/12/50 | &nbsp;&nbsp; 118 | 70747 |
| 5.25%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 75 | 76462 |
| ConocoPhillips |  |  |
| 4.88%, 10/01/47 | &nbsp;&nbsp; 80 | 73341 |
| 5.90%, 05/15/38 | &nbsp;&nbsp; 365 | 395421 |
| 6.50%, 02/01/39 | &nbsp;&nbsp; 496 | 566302 |
| ConocoPhillips Co. |  |  |
| 3.80%, 03/15/52 | &nbsp;&nbsp; 95 | 71866 |
| 4.03%, 03/15/62 | &nbsp;&nbsp; 510 | 378761 |
| 4.30%, 11/15/44 | &nbsp;&nbsp; 307 | 266281 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 340 | 349582 |
| 5.30%, 05/15/53 | &nbsp;&nbsp; 15 | 14232 |
| 5.50%, 01/15/55<sup>(a)</sup> | &nbsp;&nbsp; 320 | 313925 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 105 | 103428 |
| 5.65%, 01/15/65 | &nbsp;&nbsp; 240 | 235416 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 5.70%, 09/15/63 | &nbsp;&nbsp; $150 | $149258 |
| 5.90%, 10/15/32 | &nbsp;&nbsp; 252 | 276771 |
| 5.95%, 03/15/46 | &nbsp;&nbsp; 195 | 205776 |
| 6.95%, 04/15/29 | &nbsp;&nbsp; 522 | 569183 |
| Devon Energy Corp. |  |  |
| 4.75%, 05/15/42 | &nbsp;&nbsp; 205 | 185705 |
| 5.00%, 06/15/45 | &nbsp;&nbsp; 141 | 128214 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 351 | 351678 |
| 5.75%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 30 | 29192 |
| 7.88%, 09/30/31 | &nbsp;&nbsp; 74 | 86558 |
| 7.95%, 04/15/32 | &nbsp;&nbsp; 61 | 71846 |
| Diamondback Energy, Inc. |  |  |
| 3.50%, 12/01/29 | &nbsp;&nbsp; 539 | 527438 |
| 4.25%, 03/15/52 | &nbsp;&nbsp; 200 | 160263 |
| 4.40%, 03/24/51<sup>(a)</sup> | &nbsp;&nbsp; 138 | 114043 |
| 5.40%, 04/18/34 | &nbsp;&nbsp; 25 | 25999 |
| 5.55%, 04/01/35 | &nbsp;&nbsp; 195 | 204052 |
| 5.75%, 04/18/54 | &nbsp;&nbsp; 235 | 229251 |
| 5.90%, 04/18/64 | &nbsp;&nbsp; 426 | 417354 |
| 6.25%, 03/15/53 | &nbsp;&nbsp; 106 | 110258 |
| Eni USA, Inc., 7.30%, 11/15/27 | &nbsp;&nbsp; 240 | 253243 |
| EOG Resources, Inc. |  |  |
| 3.90%, 04/01/35 | &nbsp;&nbsp; 62 | 58524 |
| 4.38%, 04/15/30 | &nbsp;&nbsp; 88 | 89223 |
| 4.95%, 04/15/50 | &nbsp;&nbsp; 243 | 220820 |
| 5.95%, 07/15/55 | &nbsp;&nbsp; 30 | 31308 |
| EQT Corp. |  |  |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 240 | 244612 |
| 5.75%, 02/01/34 | &nbsp;&nbsp; 328 | 347485 |
| 7.00%, 02/01/30 | &nbsp;&nbsp; 351 | 384106 |
| Exxon Mobil Corp. |  |  |
| 3.10%, 08/16/49 | &nbsp;&nbsp; 423 | 296181 |
| 3.45%, 04/15/51 | &nbsp;&nbsp; 753 | 553288 |
| 3.48%, 03/19/30 | &nbsp;&nbsp; 60 | 59223 |
| 4.11%, 03/01/46 | &nbsp;&nbsp; 390 | 332554 |
| 4.23%, 03/19/40 | &nbsp;&nbsp; 347 | 323297 |
| 4.33%, 03/19/50 | &nbsp;&nbsp; 635 | 544297 |
| Hess Corp. |  |  |
| 4.30%, 04/01/27 | &nbsp;&nbsp; 1498 | 1503621 |
| 5.60%, 02/15/41 | &nbsp;&nbsp; 93 | 97752 |
| 6.00%, 01/15/40 | &nbsp;&nbsp; 121 | 132301 |
| 7.13%, 03/15/33 | &nbsp;&nbsp; 433 | 505901 |
| 7.30%, 08/15/31 | &nbsp;&nbsp; 657 | 758737 |
| 7.88%, 10/01/29 | &nbsp;&nbsp; 632 | 716499 |
| HF Sinclair Corp. |  |  |
| 5.50%, 09/01/32 | &nbsp;&nbsp; 40 | 40928 |
| 6.25%, 01/15/35 | &nbsp;&nbsp; 40 | 42128 |
| Marathon Petroleum Corp. |  |  |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 325 | 324069 |
| 4.50%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 98 | 80876 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 149 | 131556 |
| 5.00%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 75 | 64771 |
| 6.50%, 03/01/41 | &nbsp;&nbsp; 366 | 400029 |
| Occidental Petroleum Corp. |  |  |
| 4.40%, 04/15/46 | &nbsp;&nbsp; 116 | 94949 |
| 6.05%, 10/01/54<sup>(a)</sup> | &nbsp;&nbsp; 132 | 131490 |
| 6.13%, 01/01/31 | &nbsp;&nbsp; 174 | 187165 |
| 6.20%, 03/15/40<sup>(a)</sup> | &nbsp;&nbsp; 170 | 177539 |
| 6.45%, 09/15/36 | &nbsp;&nbsp; 500 | 545062 |
| 6.60%, 03/15/46 | &nbsp;&nbsp; 233 | 247693 |
| 6.63%, 09/01/30 | &nbsp;&nbsp; 214 | 231714 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 7.50%, 05/01/31 | &nbsp;&nbsp; $255 | $290550 |
| 7.88%, 09/15/31 | &nbsp;&nbsp; 100 | 116378 |
| 7.95%, 06/15/39 | &nbsp;&nbsp; 107 | 129189 |
| Ovintiv, Inc. |  |  |
| 5.65%, 05/15/28 | &nbsp;&nbsp; 232 | 240330 |
| 6.25%, 07/15/33 | &nbsp;&nbsp; 229 | 247001 |
| 6.50%, 08/15/34 | &nbsp;&nbsp; 356 | 390225 |
| 6.50%, 02/01/38 | &nbsp;&nbsp; 252 | 272465 |
| 6.63%, 08/15/37 | &nbsp;&nbsp; 165 | 180658 |
| 7.10%, 07/15/53<sup>(a)</sup> | &nbsp;&nbsp; 10 | 11158 |
| 7.20%, 11/01/31 | &nbsp;&nbsp; 599 | 671206 |
| 7.38%, 11/01/31 | &nbsp;&nbsp; 987 | 1114168 |
| 8.13%, 09/15/30 | &nbsp;&nbsp; 260 | 299227 |
| Phillips 66 |  |  |
| 3.30%, 03/15/52<sup>(a)</sup> | &nbsp;&nbsp; 124 | 83229 |
| 3.90%, 03/15/28 | &nbsp;&nbsp; 206 | 205782 |
| 4.65%, 11/15/34 | &nbsp;&nbsp; 338 | 335392 |
| 4.88%, 11/15/44 | &nbsp;&nbsp; 467 | 421245 |
| 5.88%, 05/01/42 | &nbsp;&nbsp; 352 | 362009 |
| Phillips 66 Co. |  |  |
| 5.30%, 06/30/33 | &nbsp;&nbsp; 430 | 446804 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 150 | 142102 |
| 5.65%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 170 | 163901 |
| Series B, 6.20%, 03/15/56, (5-year CMT + <br> 2.17%)<sup>(b)</sup><br>| &nbsp;&nbsp; 80 | 81048 |
| Shell Finance U.S., Inc. |  |  |
| 3.00%, 11/26/51<sup>(a)(d)</sup> | &nbsp;&nbsp; 555 | 367144 |
| 3.13%, 11/07/49<sup>(d)</sup> | &nbsp;&nbsp; 345 | 238225 |
| 3.25%, 04/06/50<sup>(a)</sup> | &nbsp;&nbsp; 380 | 267822 |
| 4.13%, 05/11/35 | &nbsp;&nbsp; 607 | 591372 |
| 6.38%, 12/15/38<sup>(d)</sup> | &nbsp;&nbsp; 587 | 665680 |
| Shell International Finance BV |  |  |
| 3.25%, 04/06/50 | &nbsp;&nbsp; 40 | 28077 |
| 4.00%, 05/10/46 | &nbsp;&nbsp; 85 | 70812 |
| 4.13%, 05/11/35<sup>(a)</sup> | &nbsp;&nbsp; 285 | 286539 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 15 | 13162 |
| 6.38%, 12/15/38<sup>(a)</sup> | &nbsp;&nbsp; 195 | 220800 |
| TotalEnergies Capital International SA |  |  |
| 2.83%, 01/10/30 | &nbsp;&nbsp; 260 | 251257 |
| 2.99%, 06/29/41 | &nbsp;&nbsp; 117 | 90279 |
| 3.13%, 05/29/50 | &nbsp;&nbsp; 677 | 464393 |
| 3.39%, 06/29/60 | &nbsp;&nbsp; 647 | 430059 |
| 3.46%, 02/19/29 | &nbsp;&nbsp; 86 | 85283 |
| 3.46%, 07/12/49 | &nbsp;&nbsp; 318 | 234144 |
| TotalEnergies Capital SA |  |  |
| 3.88%, 10/11/28 | &nbsp;&nbsp; 248 | 249275 |
| 4.72%, 09/10/34 | &nbsp;&nbsp; 65 | 66286 |
| 5.15%, 04/05/34 | &nbsp;&nbsp; 275 | 288084 |
| 5.28%, 09/10/54 | &nbsp;&nbsp; 50 | 48007 |
| 5.43%, 09/10/64 | &nbsp;&nbsp; 250 | 238164 |
| 5.49%, 04/05/54 | &nbsp;&nbsp; 559 | 553166 |
| 5.64%, 04/05/64 | &nbsp;&nbsp; 412 | 407305 |
| Valero Energy Corp. |  |  |
| 3.65%, 12/01/51 | &nbsp;&nbsp; 299 | 213011 |
| 4.00%, 04/01/29 | &nbsp;&nbsp; 91 | 91025 |
| 4.00%, 06/01/52<sup>(a)</sup> | &nbsp;&nbsp; 89 | 67478 |
| 4.35%, 06/01/28 | &nbsp;&nbsp; 71 | 71552 |
| 4.90%, 03/15/45 | &nbsp;&nbsp; 83 | 76181 |
| 6.63%, 06/15/37 | &nbsp;&nbsp; 516 | 579308 |
| 7.50%, 04/15/32 | &nbsp;&nbsp; 295 | 342513 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Woodside Finance Ltd. |  |  |
| 4.90%, 05/19/28 | &nbsp;&nbsp; $495 | $503469 |
| 5.10%, 09/12/34 | &nbsp;&nbsp; 1915 | 1922329 |
| 5.40%, 05/19/30 | &nbsp;&nbsp; 840 | 871494 |
| 5.70%, 09/12/54<sup>(a)</sup> | &nbsp;&nbsp; 235 | 226563 |
|  |  | 37477016 |
| **Oil & Gas Services — 0.4%** | **Oil & Gas Services — 0.4%** | **Oil & Gas Services — 0.4%** |
| Baker Hughes Holdings LLC, 5.13%, 09/15/40 | &nbsp;&nbsp; 529 | 526117 |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc.<br>|  |  |
| 3.14%, 11/07/29<sup>(a)</sup> | &nbsp;&nbsp; 1010 | 984214 |
| 3.34%, 12/15/27 | &nbsp;&nbsp; 1718 | 1703895 |
| 4.08%, 12/15/47 | &nbsp;&nbsp; 204 | 165685 |
| Halliburton Co. |  |  |
| 2.92%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 341 | 326693 |
| 4.50%, 11/15/41 | &nbsp;&nbsp; 132 | 120179 |
| 4.75%, 08/01/43 | &nbsp;&nbsp; 100 | 90797 |
| 4.85%, 11/15/35 | &nbsp;&nbsp; 372 | 371904 |
| 5.00%, 11/15/45<sup>(a)</sup> | &nbsp;&nbsp; 450 | 413015 |
| 6.70%, 09/15/38<sup>(a)</sup> | &nbsp;&nbsp; 138 | 157387 |
| 7.45%, 09/15/39 | &nbsp;&nbsp; 289 | 349117 |
| NOV, Inc. |  |  |
| 3.60%, 12/01/29 | &nbsp;&nbsp; 372 | 364745 |
| 3.95%, 12/01/42 | &nbsp;&nbsp; 147 | 118790 |
| Schlumberger Investment SA, 2.65%, 06/26/30<sup>(a)</sup> | &nbsp;&nbsp; 499 | 475428 |
|  |  | 6167966 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Amcor Finance USA, Inc. |  |  |
| 4.50%, 05/15/28 | &nbsp;&nbsp; 108 | 109043 |
| 5.63%, 05/26/33 | &nbsp;&nbsp; 155 | 164435 |
| Amcor Flexibles North America, Inc. |  |  |
| 2.63%, 06/19/30 | &nbsp;&nbsp; 17 | 15980 |
| 2.69%, 05/25/31 | &nbsp;&nbsp; 20 | 18478 |
| 5.50%, 03/17/35<sup>(a)</sup> | &nbsp;&nbsp; 40 | 42081 |
| AptarGroup, Inc. |  |  |
| 3.60%, 03/15/32 | &nbsp;&nbsp; 15 | 14311 |
| 4.75%, 03/30/31 | &nbsp;&nbsp; 75 | 76112 |
| Berry Global, Inc., 5.65%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 409 | 432119 |
| Packaging Corp. of America, 4.05%, 12/15/49 | &nbsp;&nbsp; 14 | 11251 |
| Smurfit Kappa Treasury ULC, 5.78%, 04/03/54 | &nbsp;&nbsp; 280 | 283288 |
| Sonoco Products Co. |  |  |
| 3.13%, 05/01/30 | &nbsp;&nbsp; 44 | 42029 |
| 5.75%, 11/01/40<sup>(a)</sup> | &nbsp;&nbsp; 115 | 119242 |
| WestRock MWV LLC, 8.20%, 01/15/30 | &nbsp;&nbsp; 98 | 112193 |
| WRKCo, Inc. |  |  |
| 3.00%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp; 210 | 189506 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 20 | 20028 |
| 4.20%, 06/01/32 | &nbsp;&nbsp; 60 | 58894 |
|  |  | 1708990 |
| **Pharmaceuticals — 4.4%** | **Pharmaceuticals — 4.4%** | **Pharmaceuticals — 4.4%** |
| AbbVie, Inc. |  |  |
| 3.78%, 03/03/28 | &nbsp;&nbsp; 355 | 355489 |
| 4.05%, 11/21/39 | &nbsp;&nbsp; 700 | 633288 |
| 4.13%, 03/15/31 | &nbsp;&nbsp; 265 | 265816 |
| 4.25%, 11/14/28 | &nbsp;&nbsp; 379 | 383543 |
| 4.25%, 11/21/49 | &nbsp;&nbsp; 1310 | 1101726 |
| 4.30%, 05/14/36 | &nbsp;&nbsp; 437 | 423544 |
| 4.40%, 03/15/33 | &nbsp;&nbsp; 475 | 477060 |
| 4.40%, 11/06/42 | &nbsp;&nbsp; 700 | 634322 |
| 4.45%, 05/14/46 | &nbsp;&nbsp; 522 | 462608 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.50%, 05/14/35 | &nbsp;&nbsp; $838 | $830399 |
| 4.70%, 05/14/45 | &nbsp;&nbsp; 858 | 786397 |
| 4.75%, 03/15/36 | &nbsp;&nbsp; 300 | 301651 |
| 4.85%, 06/15/44 | &nbsp;&nbsp; 99 | 93085 |
| 4.88%, 03/15/30 | &nbsp;&nbsp; 165 | 170614 |
| 4.88%, 11/14/48 | &nbsp;&nbsp; 488 | 450365 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 160 | 166665 |
| 5.40%, 03/15/54 | &nbsp;&nbsp; 382 | 375095 |
| 5.50%, 03/15/64 | &nbsp;&nbsp; 870 | 856341 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 135 | 135789 |
| 5.60%, 03/15/55 | &nbsp;&nbsp; 220 | 222400 |
| 5.65%, 03/15/66 | &nbsp;&nbsp; 400 | 401421 |
| Astrazeneca Finance LLC |  |  |
| 4.88%, 03/03/33 | &nbsp;&nbsp; 398 | 413647 |
| 5.00%, 02/26/34 | &nbsp;&nbsp; 35 | 36413 |
| AstraZeneca PLC |  |  |
| 3.13%, 06/12/27 | &nbsp;&nbsp; 825 | 820044 |
| 4.00%, 01/17/29 | &nbsp;&nbsp; 645 | 649333 |
| 4.00%, 09/18/42 | &nbsp;&nbsp; 330 | 287635 |
| 4.38%, 11/16/45 | &nbsp;&nbsp; 336 | 299860 |
| 4.38%, 08/17/48 | &nbsp;&nbsp; 180 | 159178 |
| 6.45%, 09/15/37 | &nbsp;&nbsp; 778 | 891230 |
| Bristol-Myers Squibb Co. |  |  |
| 2.55%, 11/13/50 | &nbsp;&nbsp; 624 | 376362 |
| 3.25%, 08/01/42 | &nbsp;&nbsp; 328 | 257352 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 456 | 340196 |
| 3.90%, 03/15/62 | &nbsp;&nbsp; 388 | 285115 |
| 4.25%, 10/26/49 | &nbsp;&nbsp; 888 | 738443 |
| 4.35%, 11/15/47 | &nbsp;&nbsp; 355 | 303988 |
| 4.50%, 03/01/44 | &nbsp;&nbsp; 295 | 266020 |
| 4.55%, 02/20/48 | &nbsp;&nbsp; 337 | 295034 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 80 | 73124 |
| 5.00%, 08/15/45 | &nbsp;&nbsp; 401 | 382154 |
| 5.55%, 02/22/54 | &nbsp;&nbsp; 772 | 765725 |
| 5.65%, 02/22/64 | &nbsp;&nbsp; 165 | 165702 |
| 6.40%, 11/15/63 | &nbsp;&nbsp; 260 | 288950 |
| Cardinal Health, Inc. |  |  |
| 3.41%, 06/15/27 | &nbsp;&nbsp; 1309 | 1300744 |
| 4.37%, 06/15/47 | &nbsp;&nbsp; 227 | 191622 |
| 4.50%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 150 | 152085 |
| 4.60%, 03/15/43 | &nbsp;&nbsp; 104 | 93407 |
| 4.90%, 09/15/45 | &nbsp;&nbsp; 294 | 269256 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 165 | 170021 |
| 5.15%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 415 | 424645 |
| 5.35%, 11/15/34 | &nbsp;&nbsp; 660 | 685934 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 780 | 820363 |
| 5.75%, 11/15/54 | &nbsp;&nbsp; 195 | 196558 |
| Cencora, Inc. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 355 | 330898 |
| 2.80%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 50 | 47488 |
| 3.45%, 12/15/27 | &nbsp;&nbsp; 35 | 34737 |
| 3.95%, 02/13/29 | &nbsp;&nbsp; 150 | 150078 |
| 4.25%, 11/15/30 | &nbsp;&nbsp; 55 | 55207 |
| 4.25%, 03/01/45 | &nbsp;&nbsp; 317 | 273735 |
| 4.30%, 12/15/47 | &nbsp;&nbsp; 140 | 120511 |
| 4.60%, 02/13/33 | &nbsp;&nbsp; 85 | 85604 |
| 4.90%, 02/13/36<sup>(a)</sup> | &nbsp;&nbsp; 210 | 211438 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 592 | 613582 |
| 5.65%, 02/13/56 | &nbsp;&nbsp; 115 | 115515 |
| CVS Health Corp. |  |  |
| 3.25%, 08/15/29 | &nbsp;&nbsp; 60 | 58341 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.13%, 04/01/40 | &nbsp;&nbsp; $120 | $104212 |
| 4.25%, 04/01/50 | &nbsp;&nbsp; 206 | 162841 |
| 4.30%, 03/25/28 | &nbsp;&nbsp; 30 | 30171 |
| 4.78%, 03/25/38 | &nbsp;&nbsp; 1075 | 1025877 |
| 4.88%, 07/20/35 | &nbsp;&nbsp; 210 | 208406 |
| 5.05%, 03/25/48 | &nbsp;&nbsp; 1805 | 1608941 |
| 5.13%, 07/20/45 | &nbsp;&nbsp; 883 | 807225 |
| 5.25%, 02/21/33 | &nbsp;&nbsp; 379 | 393139 |
| 5.30%, 06/01/33 | &nbsp;&nbsp; 150 | 155398 |
| 5.30%, 12/05/43 | &nbsp;&nbsp; 292 | 275227 |
| 5.63%, 02/21/53 | &nbsp;&nbsp; 370 | 352112 |
| 5.88%, 06/01/53 | &nbsp;&nbsp; 230 | 225186 |
| 6.00%, 06/01/63 | &nbsp;&nbsp; 374 | 365450 |
| 6.13%, 09/15/39<sup>(a)</sup> | &nbsp;&nbsp; 286 | 303116 |
| Eli Lilly & Co. |  |  |
| 2.50%, 09/15/60 | &nbsp;&nbsp; 845 | 465824 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 67 | 66332 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 206 | 167331 |
| 3.95%, 05/15/47 | &nbsp;&nbsp; 240 | 198728 |
| 3.95%, 03/15/49 | &nbsp;&nbsp; 530 | 432505 |
| 4.15%, 03/15/59 | &nbsp;&nbsp; 474 | 381387 |
| 4.95%, 02/27/63 | &nbsp;&nbsp; 68 | 61765 |
| 5.00%, 02/09/54 | &nbsp;&nbsp; 144 | 135348 |
| 5.05%, 08/14/54 | &nbsp;&nbsp; 145 | 136752 |
| 5.10%, 02/09/64 | &nbsp;&nbsp; 390 | 362159 |
| 5.20%, 08/14/64 | &nbsp;&nbsp; 160 | 150777 |
| 5.50%, 02/12/55 | &nbsp;&nbsp; 40 | 40295 |
| 5.55%, 03/15/37<sup>(a)</sup> | &nbsp;&nbsp; 192 | 208259 |
| 5.60%, 02/12/65 | &nbsp;&nbsp; 65 | 65580 |
| 5.65%, 10/15/65 | &nbsp;&nbsp; 30 | 30354 |
| GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 | &nbsp;&nbsp; 5 | 4931 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 3.88%, 05/15/28 | &nbsp;&nbsp; 110 | 110489 |
| 4.20%, 03/18/43 | &nbsp;&nbsp; 95 | 85172 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 50 | 51170 |
| 4.88%, 04/15/35 | &nbsp;&nbsp; 50 | 50997 |
| 5.38%, 04/15/34 | &nbsp;&nbsp; 100 | 107058 |
| 6.38%, 05/15/38 | &nbsp;&nbsp; 614 | 700317 |
| Johnson & Johnson |  |  |
| 2.45%, 09/01/60 | &nbsp;&nbsp; 786 | 439697 |
| 3.50%, 01/15/48 | &nbsp;&nbsp; 160 | 125108 |
| 3.70%, 03/01/46 | &nbsp;&nbsp; 398 | 326886 |
| 3.75%, 03/03/47 | &nbsp;&nbsp; 357 | 291135 |
| 4.38%, 12/05/33 | &nbsp;&nbsp; 32 | 32586 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 236 | 230152 |
| 4.50%, 12/05/43 | &nbsp;&nbsp; 222 | 209972 |
| 4.85%, 05/15/41 | &nbsp;&nbsp; 208 | 208633 |
| 4.95%, 05/15/33 | &nbsp;&nbsp; 62 | 65744 |
| 5.85%, 07/15/38 | &nbsp;&nbsp; 216 | 240538 |
| 5.95%, 08/15/37 | &nbsp;&nbsp; 203 | 227740 |
| McKesson Corp. |  |  |
| 3.95%, 02/16/28 | &nbsp;&nbsp; 175 | 175294 |
| 4.65%, 05/30/30 | &nbsp;&nbsp; 95 | 97218 |
| 4.95%, 05/30/32<sup>(a)</sup> | &nbsp;&nbsp; 100 | 103959 |
| 5.10%, 07/15/33 | &nbsp;&nbsp; 704 | 735005 |
| 5.25%, 05/30/35<sup>(a)</sup> | &nbsp;&nbsp; 95 | 99662 |
| Mead Johnson Nutrition Co., 4.60%, 06/01/44 | &nbsp;&nbsp; 260 | 236674 |
| Merck & Co., Inc. |  |  |
| 2.45%, 06/24/50 | &nbsp;&nbsp; 200 | 119926 |
| 2.75%, 12/10/51 | &nbsp;&nbsp; 494 | 310158 |
| 2.90%, 12/10/61 | &nbsp;&nbsp; 796 | 471443 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 3.40%, 03/07/29 | &nbsp;&nbsp; $110 | $108961 |
| 3.60%, 09/15/42 | &nbsp;&nbsp; 380 | 313465 |
| 3.70%, 02/10/45 | &nbsp;&nbsp; 709 | 572166 |
| 3.90%, 03/07/39<sup>(a)</sup> | &nbsp;&nbsp; 27 | 24539 |
| 4.00%, 03/07/49 | &nbsp;&nbsp; 222 | 180370 |
| 4.15%, 05/18/43 | &nbsp;&nbsp; 427 | 374735 |
| 4.30%, 05/17/30<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25386 |
| 4.50%, 05/17/33<sup>(a)</sup> | &nbsp;&nbsp; 275 | 279828 |
| 5.15%, 05/17/63 | &nbsp;&nbsp; 375 | 348456 |
| 5.70%, 12/04/65 | &nbsp;&nbsp; 110 | 110459 |
| 6.50%, 12/01/33 | &nbsp;&nbsp; 332 | 378317 |
| 6.55%, 09/15/37 | &nbsp;&nbsp; 172 | 198691 |
| Merck Sharp & Dohme Corp. |  |  |
| 5.75%, 11/15/36 | &nbsp;&nbsp; 210 | 231221 |
| 5.95%, 12/01/28 | &nbsp;&nbsp; 150 | 158613 |
| Mylan, Inc., 5.20%, 04/15/48 | &nbsp;&nbsp; 99 | 81846 |
| Novartis Capital Corp. |  |  |
| 2.20%, 08/14/30 | &nbsp;&nbsp; 180 | 167816 |
| 2.75%, 08/14/50 | &nbsp;&nbsp; 577 | 377928 |
| 3.80%, 09/18/29 | &nbsp;&nbsp; 800 | 800538 |
| 4.00%, 09/18/31<sup>(a)</sup> | &nbsp;&nbsp; 215 | 215683 |
| 4.00%, 11/20/45 | &nbsp;&nbsp; 280 | 238994 |
| 4.10%, 11/05/30 | &nbsp;&nbsp; 55 | 55339 |
| 4.20%, 09/18/34 | &nbsp;&nbsp; 1530 | 1517445 |
| 4.40%, 05/06/44 | &nbsp;&nbsp; 251 | 228242 |
| 4.60%, 11/05/35<sup>(a)</sup> | &nbsp;&nbsp; 1525 | 1532820 |
| 4.70%, 09/18/54 | &nbsp;&nbsp; 600 | 542276 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 4.75%, 05/19/33 | &nbsp;&nbsp; 841 | 858436 |
| 5.30%, 05/19/53 | &nbsp;&nbsp; 927 | 888048 |
| 5.34%, 05/19/63 | &nbsp;&nbsp; 1338 | 1254841 |
| Pfizer, Inc. |  |  |
| 2.70%, 05/28/50<sup>(a)</sup> | &nbsp;&nbsp; 703 | 450050 |
| 4.00%, 12/15/36<sup>(a)</sup> | &nbsp;&nbsp; 100 | 94791 |
| 4.00%, 03/15/49 | &nbsp;&nbsp; 353 | 286192 |
| 4.13%, 12/15/46<sup>(a)</sup> | &nbsp;&nbsp; 251 | 210539 |
| 4.20%, 09/15/48 | &nbsp;&nbsp; 242 | 203678 |
| 4.40%, 05/15/44<sup>(a)</sup> | &nbsp;&nbsp; 35 | 31779 |
| 7.20%, 03/15/39 | &nbsp;&nbsp; 242 | 292183 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| 3.18%, 07/09/50 | &nbsp;&nbsp; 536 | 367776 |
| 3.38%, 07/09/60 | &nbsp;&nbsp; 657 | 431511 |
| 5.00%, 11/26/28 | &nbsp;&nbsp; 130 | 133070 |
| 5.65%, 07/05/44 | &nbsp;&nbsp; 200 | 204693 |
| 5.80%, 07/05/64 | &nbsp;&nbsp; 235 | 236681 |
| Utah Acquisition Sub, Inc., 5.25%, 06/15/46 | &nbsp;&nbsp; 109 | 91867 |
| Viatris, Inc., 4.00%, 06/22/50 | &nbsp;&nbsp; 507 | 346955 |
| Zoetis, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 1611 | 1486958 |
| 3.00%, 09/12/27 | &nbsp;&nbsp; 1371 | 1355458 |
| 3.00%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 55 | 37247 |
| 3.90%, 08/20/28 | &nbsp;&nbsp; 550 | 550551 |
| 3.95%, 09/12/47 | &nbsp;&nbsp; 256 | 210742 |
| 4.15%, 08/17/28 | &nbsp;&nbsp; 150 | 151132 |
| 4.45%, 08/20/48<sup>(a)</sup> | &nbsp;&nbsp; 101 | 88458 |
| 4.70%, 02/01/43 | &nbsp;&nbsp; 558 | 518352 |
| 5.00%, 08/17/35<sup>(a)</sup> | &nbsp;&nbsp; 1395 | 1422345 |
| 5.60%, 11/16/32 | &nbsp;&nbsp; 1193 | 1277518 |
|  |  | 61349238 |
| **Pipelines — 4.4%** | **Pipelines — 4.4%** | **Pipelines — 4.4%** |
| Boardwalk Pipelines LP, 4.80%, 05/03/29 | &nbsp;&nbsp; 129 | 131421 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Cheniere Corpus Christi Holdings LLC |  |  |
| 2.74%, 12/31/39 | &nbsp;&nbsp; $1151 | $1002258 |
| 3.70%, 11/15/29 | &nbsp;&nbsp; 1784 | 1758665 |
| 5.13%, 06/30/27 | &nbsp;&nbsp; 348 | 351327 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/32 | &nbsp;&nbsp; 248 | 231289 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 56 | 54919 |
| 4.50%, 10/01/29 | &nbsp;&nbsp; 165 | 165883 |
| 5.95%, 06/30/33 | &nbsp;&nbsp; 281 | 301259 |
| Cheniere Energy, Inc. |  |  |
| 4.63%, 10/15/28 | &nbsp;&nbsp; 3238 | 3236711 |
| 5.65%, 04/15/34 | &nbsp;&nbsp; 1725 | 1813909 |
| Columbia Pipeline Group, Inc., 5.80%, 06/01/45 | &nbsp;&nbsp; 31 | 31510 |
| DCP Midstream Operating LP |  |  |
| 5.13%, 05/15/29 | &nbsp;&nbsp; 85 | 87412 |
| 5.60%, 04/01/44 | &nbsp;&nbsp; 75 | 74290 |
| 8.13%, 08/16/30 | &nbsp;&nbsp; 61 | 70954 |
| Enbridge Energy Partners LP |  |  |
| 5.50%, 09/15/40 | &nbsp;&nbsp; 25 | 25306 |
| 7.38%, 10/15/45 | &nbsp;&nbsp; 209 | 247202 |
| Series B, 7.50%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 167 | 199978 |
| Enbridge, Inc. |  |  |
| 2.50%, 08/01/33 | &nbsp;&nbsp; 970 | 846292 |
| 3.13%, 11/15/29 | &nbsp;&nbsp; 185 | 178865 |
| 3.40%, 08/01/51 | &nbsp;&nbsp; 125 | 87352 |
| 3.70%, 07/15/27 | &nbsp;&nbsp; 49 | 48865 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 203 | 159087 |
| 4.20%, 11/20/28 | &nbsp;&nbsp; 150 | 150849 |
| 4.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 150 | 151462 |
| 4.50%, 06/10/44 | &nbsp;&nbsp; 169 | 147023 |
| 4.60%, 06/20/28 | &nbsp;&nbsp; 75 | 76033 |
| 4.90%, 06/20/30 | &nbsp;&nbsp; 140 | 144060 |
| 5.20%, 11/20/35 | &nbsp;&nbsp; 150 | 152961 |
| 5.50%, 12/01/46<sup>(a)</sup> | &nbsp;&nbsp; 177 | 175156 |
| 5.63%, 04/05/34<sup>(a)</sup> | &nbsp;&nbsp; 264 | 279195 |
| 5.70%, 03/08/33 | &nbsp;&nbsp; 570 | 605708 |
| 5.95%, 04/05/54<sup>(a)</sup> | &nbsp;&nbsp; 336 | 346521 |
| 6.70%, 11/15/53 | &nbsp;&nbsp; 90 | 101165 |
| 7.20%, 06/27/54, (5-year CMT + 2.97%)<sup>(b)</sup> | &nbsp;&nbsp; 166 | 178870 |
| 7.38%, 03/15/55, (5-year CMT + 3.12%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 217 | 231555 |
| Energy Transfer LP |  |  |
| 4.15%, 09/15/29 | &nbsp;&nbsp; 265 | 265642 |
| 4.90%, 03/15/35 | &nbsp;&nbsp; 122 | 121665 |
| 5.00%, 05/15/44 | &nbsp;&nbsp; 990 | 886322 |
| 5.00%, 05/15/50 | &nbsp;&nbsp; 476 | 406835 |
| 5.40%, 10/01/47 | &nbsp;&nbsp; 80 | 73719 |
| 5.75%, 02/15/33 | &nbsp;&nbsp; 90 | 95547 |
| 5.95%, 05/15/54 | &nbsp;&nbsp; 130 | 125423 |
| 6.00%, 06/15/48 | &nbsp;&nbsp; 186 | 183509 |
| 6.05%, 09/01/54 | &nbsp;&nbsp; 145 | 141989 |
| 6.20%, 04/01/55 | &nbsp;&nbsp; 285 | 285235 |
| 6.25%, 04/15/49 | &nbsp;&nbsp; 305 | 308381 |
| 6.63%, 10/15/36 | &nbsp;&nbsp; 40 | 44685 |
| 7.50%, 07/01/38 | &nbsp;&nbsp; 175 | 206061 |
| Enterprise Products Operating LLC |  |  |
| 2.80%, 01/31/30 | &nbsp;&nbsp; 44 | 42159 |
| 3.13%, 07/31/29<sup>(a)</sup> | &nbsp;&nbsp; 40 | 39040 |
| 3.30%, 02/15/53 | &nbsp;&nbsp; 124 | 84421 |
| 3.70%, 01/31/51 | &nbsp;&nbsp; 110 | 82379 |
| 3.95%, 01/31/60 | &nbsp;&nbsp; 209 | 155563 |
| 4.20%, 01/31/50 | &nbsp;&nbsp; 149 | 122313 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 4.25%, 02/15/48 | &nbsp;&nbsp; $130 | $108391 |
| 4.45%, 02/15/43 | &nbsp;&nbsp; 191 | 171049 |
| 4.80%, 02/01/49 | &nbsp;&nbsp; 208 | 186975 |
| 4.85%, 08/15/42 | &nbsp;&nbsp; 191 | 180215 |
| 4.85%, 03/15/44 | &nbsp;&nbsp; 262 | 244034 |
| 4.90%, 05/15/46 | &nbsp;&nbsp; 182 | 168585 |
| 4.95%, 10/15/54 | &nbsp;&nbsp; 125 | 112993 |
| 5.10%, 02/15/45 | &nbsp;&nbsp; 317 | 302917 |
| 5.38%, 02/15/78, (3-mo. CME Term SOFR + <br> 2.83%)<sup>(b)</sup><br>| &nbsp;&nbsp; 252 | 252629 |
| 5.55%, 02/16/55<sup>(a)</sup> | &nbsp;&nbsp; 90 | 88996 |
| 5.70%, 02/15/42 | &nbsp;&nbsp; 135 | 140143 |
| 5.95%, 02/01/41 | &nbsp;&nbsp; 166 | 177316 |
| 6.13%, 10/15/39 | &nbsp;&nbsp; 128 | 140294 |
| 6.45%, 09/01/40 | &nbsp;&nbsp; 174 | 195917 |
| 7.55%, 04/15/38 | &nbsp;&nbsp; 166 | 203157 |
| Series D, 6.88%, 03/01/33 | &nbsp;&nbsp; 123 | 141289 |
| Series E, 5.25%, 08/16/77, (3-mo. CME Term <br> SOFR + 3.29%)<sup>(b)</sup><br>| &nbsp;&nbsp; 219 | 219550 |
| Series H, 6.65%, 10/15/34 | &nbsp;&nbsp; 34 | 38554 |
| Kinder Morgan Energy Partners LP |  |  |
| 4.70%, 11/01/42 | &nbsp;&nbsp; 69 | 62785 |
| 5.00%, 08/15/42 | &nbsp;&nbsp; 95 | 89690 |
| 5.00%, 03/01/43 | &nbsp;&nbsp; 113 | 105431 |
| 5.40%, 09/01/44 | &nbsp;&nbsp; 130 | 125812 |
| 5.50%, 03/01/44 | &nbsp;&nbsp; 172 | 169014 |
| 5.63%, 09/01/41 | &nbsp;&nbsp; 90 | 90593 |
| 5.80%, 03/15/35 | &nbsp;&nbsp; 798 | 852633 |
| 6.38%, 03/01/41 | &nbsp;&nbsp; 178 | 194424 |
| 6.50%, 02/01/37 | &nbsp;&nbsp; 528 | 591320 |
| 6.50%, 09/01/39 | &nbsp;&nbsp; 193 | 214020 |
| 6.55%, 09/15/40 | &nbsp;&nbsp; 125 | 138925 |
| 6.95%, 01/15/38 | &nbsp;&nbsp; 611 | 704716 |
| 7.30%, 08/15/33 | &nbsp;&nbsp; 387 | 450600 |
| 7.40%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 284 | 324622 |
| 7.50%, 11/15/40 | &nbsp;&nbsp; 80 | 96916 |
| 7.75%, 03/15/32 | &nbsp;&nbsp; 341 | 399324 |
| Kinder Morgan, Inc. |  |  |
| 2.00%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 245 | 221943 |
| 3.25%, 08/01/50 | &nbsp;&nbsp; 190 | 127917 |
| 3.60%, 02/15/51 | &nbsp;&nbsp; 90 | 64636 |
| 4.30%, 03/01/28 | &nbsp;&nbsp; 574 | 578779 |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 560 | 569902 |
| 5.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 140 | 144217 |
| 5.05%, 02/15/46 | &nbsp;&nbsp; 325 | 299739 |
| 5.10%, 08/01/29 | &nbsp;&nbsp; 140 | 144953 |
| 5.15%, 06/01/30 | &nbsp;&nbsp; 95 | 98844 |
| 5.20%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 685 | 714829 |
| 5.20%, 03/01/48 | &nbsp;&nbsp; 155 | 144980 |
| 5.30%, 12/01/34 | &nbsp;&nbsp; 566 | 587028 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 365 | 383300 |
| 5.45%, 08/01/52 | &nbsp;&nbsp; 165 | 156726 |
| 5.55%, 06/01/45 | &nbsp;&nbsp; 515 | 508860 |
| 5.85%, 06/01/35 | &nbsp;&nbsp; 550 | 590843 |
| 5.95%, 08/01/54 | &nbsp;&nbsp; 270 | 275899 |
| 7.75%, 01/15/32 | &nbsp;&nbsp; 583 | 685086 |
| 7.80%, 08/01/31 | &nbsp;&nbsp; 338 | 395599 |
| MPLX LP |  |  |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 159 | 159077 |
| 4.25%, 12/01/27 | &nbsp;&nbsp; 186 | 186813 |
| 4.50%, 04/15/38 | &nbsp;&nbsp; 263 | 244457 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 4.70%, 04/15/48 | &nbsp;&nbsp; $354 | $298983 |
| 4.80%, 02/15/29 | &nbsp;&nbsp; 167 | 170233 |
| 4.90%, 04/15/58 | &nbsp;&nbsp; 227 | 188885 |
| 4.95%, 03/14/52 | &nbsp;&nbsp; 141 | 121440 |
| 5.20%, 03/01/47 | &nbsp;&nbsp; 362 | 330443 |
| 5.50%, 02/15/49 | &nbsp;&nbsp; 386 | 362025 |
| 5.95%, 04/01/55 | &nbsp;&nbsp; 55 | 53975 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 155 | 157417 |
| Northwest Pipeline LLC, 4.00%, 04/01/27 | &nbsp;&nbsp; 25 | 25006 |
| ONEOK Partners LP |  |  |
| 6.13%, 02/01/41 | &nbsp;&nbsp; 130 | 136756 |
| 6.20%, 09/15/43 | &nbsp;&nbsp; 296 | 306908 |
| 6.65%, 10/01/36 | &nbsp;&nbsp; 367 | 407859 |
| 6.85%, 10/15/37 | &nbsp;&nbsp; 338 | 380032 |
| ONEOK, Inc. |  |  |
| 3.10%, 03/15/30 | &nbsp;&nbsp; 393 | 376433 |
| 3.25%, 06/01/30 | &nbsp;&nbsp; 275 | 263967 |
| 3.40%, 09/01/29 | &nbsp;&nbsp; 272 | 265979 |
| 3.95%, 03/01/50 | &nbsp;&nbsp; 140 | 103155 |
| 4.00%, 07/13/27 | &nbsp;&nbsp; 545 | 545418 |
| 4.20%, 10/03/47 | &nbsp;&nbsp; 80 | 63125 |
| 4.25%, 09/15/46 | &nbsp;&nbsp; 127 | 101424 |
| 4.35%, 03/15/29 | &nbsp;&nbsp; 480 | 482985 |
| 4.45%, 09/01/49<sup>(a)</sup> | &nbsp;&nbsp; 43 | 35486 |
| 4.50%, 03/15/50 | &nbsp;&nbsp; 72 | 59616 |
| 4.55%, 07/15/28 | &nbsp;&nbsp; 982 | 992774 |
| 4.85%, 02/01/49 | &nbsp;&nbsp; 105 | 90289 |
| 4.95%, 10/15/32 | &nbsp;&nbsp; 115 | 116924 |
| 4.95%, 07/13/47 | &nbsp;&nbsp; 97 | 86089 |
| 5.05%, 11/01/34 | &nbsp;&nbsp; 1080 | 1083848 |
| 5.15%, 10/15/43 | &nbsp;&nbsp; 43 | 39809 |
| 5.38%, 06/01/29 | &nbsp;&nbsp; 840 | 870231 |
| 5.40%, 10/15/35 | &nbsp;&nbsp; 125 | 127405 |
| 5.65%, 11/01/28 | &nbsp;&nbsp; 235 | 244308 |
| 5.65%, 09/01/34 | &nbsp;&nbsp; 648 | 676551 |
| 5.70%, 11/01/54 | &nbsp;&nbsp; 420 | 395836 |
| 5.80%, 11/01/30 | &nbsp;&nbsp; 70 | 74193 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 140 | 132761 |
| 6.00%, 06/15/35 | &nbsp;&nbsp; 200 | 213031 |
| 6.05%, 09/01/33 | &nbsp;&nbsp; 493 | 529459 |
| 6.10%, 11/15/32 | &nbsp;&nbsp; 348 | 375658 |
| 6.25%, 10/15/55 | &nbsp;&nbsp; 395 | 399455 |
| 6.35%, 01/15/31 | &nbsp;&nbsp; 320 | 346559 |
| 6.63%, 09/01/53 | &nbsp;&nbsp; 150 | 159028 |
| 7.15%, 01/15/51 | &nbsp;&nbsp; 65 | 73076 |
| Plains All American Pipeline LP/PAA Finance Corp. |  |  |
| 3.55%, 12/15/29 | &nbsp;&nbsp; 139 | 136229 |
| 5.15%, 06/01/42 | &nbsp;&nbsp; 89 | 83173 |
| 6.65%, 01/15/37 | &nbsp;&nbsp; 231 | 255352 |
| Sabine Pass Liquefaction LLC |  |  |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 524 | 525969 |
| 4.50%, 05/15/30 | &nbsp;&nbsp; 161 | 162768 |
| Spectra Energy Partners LP |  |  |
| 4.50%, 03/15/45 | &nbsp;&nbsp; 306 | 265001 |
| 5.95%, 09/25/43 | &nbsp;&nbsp; 258 | 266652 |
| Targa Resources Corp. |  |  |
| 4.20%, 02/01/33 | &nbsp;&nbsp; 387 | 376008 |
| 4.35%, 01/15/29 | &nbsp;&nbsp; 175 | 176319 |
| 4.35%, 04/15/31 | &nbsp;&nbsp; 100 | 99994 |
| 4.90%, 09/15/30 | &nbsp;&nbsp; 210 | 215504 |
| 4.95%, 04/15/52 | &nbsp;&nbsp; 210 | 181313 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.40%, 07/30/36 | &nbsp;&nbsp; $195 | $198592 |
| 5.50%, 02/15/35 | &nbsp;&nbsp; 85 | 87942 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 285 | 295367 |
| 5.65%, 02/15/36 | &nbsp;&nbsp; 295 | 306822 |
| 6.05%, 05/15/56 | &nbsp;&nbsp; 65 | 64844 |
| 6.13%, 03/15/33 | &nbsp;&nbsp; 65 | 70314 |
| 6.13%, 05/15/55 | &nbsp;&nbsp; 185 | 187072 |
| 6.25%, 07/01/52 | &nbsp;&nbsp; 65 | 66533 |
| 6.50%, 03/30/34 | &nbsp;&nbsp; 479 | 530338 |
| 6.50%, 02/15/53<sup>(a)</sup> | &nbsp;&nbsp; 203 | 215340 |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp.<br>|  |  |
| 4.00%, 01/15/32 | &nbsp;&nbsp; 400 | 388425 |
| 4.88%, 02/01/31 | &nbsp;&nbsp; 280 | 283505 |
| 5.50%, 03/01/30 | &nbsp;&nbsp; 298 | 303182 |
| TC PipeLines LP, 3.90%, 05/25/27 | &nbsp;&nbsp; 286 | 285489 |
| Tennessee Gas Pipeline Co. LLC |  |  |
| 7.00%, 03/15/27 | &nbsp;&nbsp; 177 | 182609 |
| 7.00%, 10/15/28 | &nbsp;&nbsp; 161 | 173152 |
| 7.63%, 04/01/37 | &nbsp;&nbsp; 95 | 114452 |
| Texas Eastern Transmission LP, 7.00%, 07/15/32 | &nbsp;&nbsp; 504 | 573193 |
| TransCanada PipeLines Ltd. |  |  |
| 4.10%, 04/15/30 | &nbsp;&nbsp; 143 | 142766 |
| 4.25%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 112 | 112614 |
| 4.63%, 03/01/34 | &nbsp;&nbsp; 393 | 390380 |
| 4.88%, 05/15/48 | &nbsp;&nbsp; 10 | 8929 |
| 5.10%, 03/15/49<sup>(a)</sup> | &nbsp;&nbsp; 212 | 202252 |
| 5.60%, 03/31/34 | &nbsp;&nbsp; 193 | 204644 |
| 5.85%, 03/15/36 | &nbsp;&nbsp; 244 | 260138 |
| 6.10%, 06/01/40 | &nbsp;&nbsp; 131 | 141178 |
| 6.20%, 10/15/37<sup>(a)</sup> | &nbsp;&nbsp; 370 | 402583 |
| 7.25%, 08/15/38 | &nbsp;&nbsp; 188 | 220812 |
| 7.63%, 01/15/39 | &nbsp;&nbsp; 337 | 409227 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| 3.95%, 05/15/50 | &nbsp;&nbsp; 173 | 136296 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 108 | 108131 |
| 4.45%, 08/01/42 | &nbsp;&nbsp; 110 | 98653 |
| 4.60%, 03/15/48 | &nbsp;&nbsp; 187 | 163766 |
| 5.40%, 08/15/41 | &nbsp;&nbsp; 93 | 92841 |
| Valero Energy Partners LP, 4.50%, 03/15/28 | &nbsp;&nbsp; 226 | 228082 |
| Western Midstream Operating LP |  |  |
| 4.05%, 02/01/30 | &nbsp;&nbsp; 305 | 301252 |
| 4.50%, 03/01/28 | &nbsp;&nbsp; 110 | 110829 |
| 4.75%, 08/15/28 | &nbsp;&nbsp; 125 | 126812 |
| 4.80%, 03/01/31 | &nbsp;&nbsp; 125 | 126088 |
| 5.25%, 02/01/50 | &nbsp;&nbsp; 223 | 193721 |
| 5.30%, 03/01/48 | &nbsp;&nbsp; 161 | 142116 |
| 5.45%, 11/15/34 | &nbsp;&nbsp; 188 | 191160 |
| 5.45%, 04/01/44 | &nbsp;&nbsp; 85 | 78412 |
| 5.50%, 12/15/35<sup>(a)</sup> | &nbsp;&nbsp; 85 | 85755 |
| 5.50%, 08/15/48 | &nbsp;&nbsp; 80 | 72282 |
| 6.15%, 04/01/33 | &nbsp;&nbsp; 727 | 777291 |
| Williams Companies, Inc.(The) |  |  |
| 3.75%, 06/15/27 | &nbsp;&nbsp; 40 | 39910 |
| 4.63%, 06/30/30 | &nbsp;&nbsp; 175 | 178066 |
| 4.85%, 03/01/48 | &nbsp;&nbsp; 250 | 221805 |
| 4.90%, 01/15/45 | &nbsp;&nbsp; 157 | 143460 |
| 5.10%, 09/15/45 | &nbsp;&nbsp; 223 | 208532 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 415 | 425296 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 350 | 353888 |
| 5.30%, 09/30/35 | &nbsp;&nbsp; 260 | 266895 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.30%, 08/15/52 | &nbsp;&nbsp; $65 | $60624 |
| 5.40%, 03/04/44 | &nbsp;&nbsp; 170 | 165217 |
| 5.60%, 03/15/35 | &nbsp;&nbsp; 230 | 241617 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 140 | 148087 |
| 5.75%, 06/24/44 | &nbsp;&nbsp; 85 | 86149 |
| 5.80%, 11/15/43 | &nbsp;&nbsp; 158 | 159325 |
| 5.80%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 223 | 222079 |
| 5.95%, 03/15/56 | &nbsp;&nbsp; 320 | 324852 |
| 6.00%, 03/15/55 | &nbsp;&nbsp; 156 | 159956 |
| 6.30%, 04/15/40 | &nbsp;&nbsp; 302 | 329306 |
| 8.75%, 03/15/32 | &nbsp;&nbsp; 116 | 141415 |
| Series A, 7.50%, 01/15/31 | &nbsp;&nbsp; 155 | 177068 |
|  |  | 61403300 |
| **Private Equity — 0.0%** | **Private Equity — 0.0%** | **Private Equity — 0.0%** |
| Brookfield Finance, Inc., 5.81%, 03/03/55 | &nbsp;&nbsp; 90 | 87785 |
| **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** |
| CBRE Services, Inc. |  |  |
| 2.50%, 04/01/31 | &nbsp;&nbsp; 831 | 759057 |
| 4.80%, 06/15/30 | &nbsp;&nbsp; 95 | 96839 |
| 4.90%, 01/15/33 | &nbsp;&nbsp; 125 | 126468 |
| 5.50%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 531 | 551475 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 615 | 636346 |
| 5.95%, 08/15/34 | &nbsp;&nbsp; 590 | 630701 |
|  |  | 2800886 |
| **Real Estate Investment Trusts — 4.7%** | **Real Estate Investment Trusts — 4.7%** | **Real Estate Investment Trusts — 4.7%** |
| Agree LP |  |  |
| 2.60%, 06/15/33 | &nbsp;&nbsp; 115 | 100257 |
| 4.80%, 10/01/32 | &nbsp;&nbsp; 20 | 20314 |
| Alexandria Real Estate Equities, Inc. |  |  |
| 1.88%, 02/01/33 | &nbsp;&nbsp; 373 | 309885 |
| 2.00%, 05/18/32 | &nbsp;&nbsp; 198 | 169947 |
| 2.75%, 12/15/29 | &nbsp;&nbsp; 58 | 55055 |
| 2.95%, 03/15/34 | &nbsp;&nbsp; 145 | 126174 |
| 3.38%, 08/15/31 | &nbsp;&nbsp; 15 | 14127 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 90 | 64592 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 148 | 147681 |
| 4.00%, 02/01/50 | &nbsp;&nbsp; 219 | 168410 |
| 4.50%, 07/30/29 | &nbsp;&nbsp; 283 | 285312 |
| 4.85%, 04/15/49 | &nbsp;&nbsp; 165 | 144231 |
| American Assets Trust LP, 3.38%, 02/01/31 | &nbsp;&nbsp; 404 | 371781 |
| American Homes 4 Rent LP |  |  |
| 3.38%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 40 | 26898 |
| 3.63%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 180 | 170799 |
| 4.30%, 04/15/52 | &nbsp;&nbsp; 27 | 21282 |
| 4.90%, 02/15/29 | &nbsp;&nbsp; 31 | 31564 |
| American Tower Corp. |  |  |
| 1.88%, 10/15/30 | &nbsp;&nbsp; 325 | 293199 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 363 | 333081 |
| 2.30%, 09/15/31 | &nbsp;&nbsp; 416 | 374188 |
| 2.70%, 04/15/31 | &nbsp;&nbsp; 390 | 362028 |
| 2.90%, 01/15/30 | &nbsp;&nbsp; 436 | 416471 |
| 2.95%, 01/15/51<sup>(a)</sup> | &nbsp;&nbsp; 390 | 251932 |
| 3.10%, 06/15/50 | &nbsp;&nbsp; 271 | 181810 |
| 3.55%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 390 | 387813 |
| 3.60%, 01/15/28 | &nbsp;&nbsp; 535 | 531136 |
| 3.70%, 10/15/49 | &nbsp;&nbsp; 265 | 200364 |
| 3.80%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 482 | 477400 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 152 | 151466 |
| 4.70%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp; 90 | 90902 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 225 | 231209 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 5.00%, 01/31/30 | &nbsp;&nbsp; $30 | $30885 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 780 | 808942 |
| 5.40%, 01/31/35 | &nbsp;&nbsp; 335 | 348185 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 197 | 206099 |
| 5.55%, 07/15/33 | &nbsp;&nbsp; 398 | 419934 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 255 | 275022 |
| AvalonBay Communities, Inc. |  |  |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 42 | 39350 |
| 3.20%, 01/15/28 | &nbsp;&nbsp; 38 | 37703 |
| 3.30%, 06/01/29 | &nbsp;&nbsp; 67 | 65752 |
| 3.90%, 10/15/46 | &nbsp;&nbsp; 91 | 74141 |
| 4.15%, 07/01/47<sup>(a)</sup> | &nbsp;&nbsp; 85 | 71744 |
| 4.35%, 04/15/48 | &nbsp;&nbsp; 15 | 12971 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 295 | 305403 |
| Boston Properties LP |  |  |
| 2.45%, 10/01/33 | &nbsp;&nbsp; 635 | 525428 |
| 2.55%, 04/01/32 | &nbsp;&nbsp; 316 | 277640 |
| 2.90%, 03/15/30 | &nbsp;&nbsp; 121 | 114196 |
| 3.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 442 | 416276 |
| 3.40%, 06/21/29<sup>(a)</sup> | &nbsp;&nbsp; 189 | 184101 |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 448 | 451763 |
| 5.75%, 01/15/35 | &nbsp;&nbsp; 225 | 229279 |
| 6.50%, 01/15/34 | &nbsp;&nbsp; 213 | 228183 |
| Brixmor Operating Partnership LP |  |  |
| 2.50%, 08/16/31<sup>(a)</sup> | &nbsp;&nbsp; 95 | 86286 |
| 3.90%, 03/15/27 | &nbsp;&nbsp; 108 | 107864 |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 112 | 110998 |
| 4.13%, 05/15/29 | &nbsp;&nbsp; 178 | 178243 |
| 5.75%, 02/15/35 | &nbsp;&nbsp; 100 | 105798 |
| Camden Property Trust |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 19 | 18059 |
| 3.15%, 07/01/29 | &nbsp;&nbsp; 52 | 50607 |
| 3.35%, 11/01/49 | &nbsp;&nbsp; 19 | 13657 |
| 4.10%, 10/15/28 | &nbsp;&nbsp; 31 | 31171 |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/29 | &nbsp;&nbsp; 475 | 448458 |
| 2.75%, 04/15/31 | &nbsp;&nbsp; 166 | 153290 |
| 2.90%, 12/01/33 | &nbsp;&nbsp; 71 | 61621 |
| Cousins Properties LP, 5.88%, 10/01/34 | &nbsp;&nbsp; 120 | 125714 |
| Crown Castle, Inc. |  |  |
| 2.10%, 04/01/31 | &nbsp;&nbsp; 372 | 331848 |
| 2.25%, 01/15/31 | &nbsp;&nbsp; 273 | 246788 |
| 2.50%, 07/15/31 | &nbsp;&nbsp; 377 | 340826 |
| 3.10%, 11/15/29 | &nbsp;&nbsp; 185 | 177612 |
| 3.25%, 01/15/51 | &nbsp;&nbsp; 354 | 238388 |
| 3.30%, 07/01/30 | &nbsp;&nbsp; 417 | 399242 |
| 3.65%, 09/01/27 | &nbsp;&nbsp; 242 | 240905 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 1504 | 1497888 |
| 4.00%, 03/01/27 | &nbsp;&nbsp; 138 | 137958 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 242 | 186273 |
| 4.15%, 07/01/50 | &nbsp;&nbsp; 233 | 184967 |
| 4.30%, 02/15/29 | &nbsp;&nbsp; 1044 | 1048446 |
| 4.75%, 05/15/47 | &nbsp;&nbsp; 270 | 237084 |
| 4.80%, 09/01/28 | &nbsp;&nbsp; 208 | 211467 |
| 5.00%, 01/11/28 | &nbsp;&nbsp; 530 | 538901 |
| 5.10%, 05/01/33 | &nbsp;&nbsp; 634 | 646458 |
| 5.20%, 02/15/49 | &nbsp;&nbsp; 146 | 133804 |
| 5.60%, 06/01/29 | &nbsp;&nbsp; 365 | 380236 |
| 5.80%, 03/01/34 | &nbsp;&nbsp; 232 | 245924 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| CubeSmart LP |  |  |
| 2.50%, 02/15/32 | &nbsp;&nbsp; $140 | $125664 |
| 4.38%, 02/15/29 | &nbsp;&nbsp; 30 | 30245 |
| Digital Realty Trust LP |  |  |
| 3.60%, 07/01/29 | &nbsp;&nbsp; 3050 | 3010575 |
| 3.70%, 08/15/27 | &nbsp;&nbsp; 3222 | 3210110 |
| 4.45%, 07/15/28 | &nbsp;&nbsp; 3170 | 3201274 |
| 5.55%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1986 | 2042595 |
| DOC DR LLC |  |  |
| 2.63%, 11/01/31 | &nbsp;&nbsp; 80 | 72688 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 99 | 98887 |
| 4.30%, 03/15/27 | &nbsp;&nbsp; 70 | 70153 |
| EPR Properties |  |  |
| 3.60%, 11/15/31 | &nbsp;&nbsp; 50 | 46954 |
| 4.95%, 04/15/28 | &nbsp;&nbsp; 210 | 212415 |
| Equinix Asia Financing Corp. Pte Ltd., 4.40%, <br> 03/15/31<br>| &nbsp;&nbsp; 2010 | 2008382 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| 4.60%, 11/15/30 | &nbsp;&nbsp; 825 | 834044 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 1160 | 1210795 |
| Equinix, Inc. |  |  |
| 1.55%, 03/15/28 | &nbsp;&nbsp; 190 | 181067 |
| 1.80%, 07/15/27 | &nbsp;&nbsp; 101 | 98105 |
| 2.00%, 05/15/28 | &nbsp;&nbsp; 105 | 100607 |
| 2.15%, 07/15/30 | &nbsp;&nbsp; 1557 | 1424365 |
| 2.50%, 05/15/31 | &nbsp;&nbsp; 615 | 561008 |
| 2.95%, 09/15/51 | &nbsp;&nbsp; 321 | 203648 |
| 3.00%, 07/15/50 | &nbsp;&nbsp; 292 | 188912 |
| 3.20%, 11/18/29 | &nbsp;&nbsp; 795 | 768208 |
| 3.40%, 02/15/52 | &nbsp;&nbsp; 175 | 121037 |
| 3.90%, 04/15/32 | &nbsp;&nbsp; 380 | 367909 |
| ERP Operating LP |  |  |
| 1.85%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp; 26 | 23194 |
| 2.50%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 158 | 149624 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 74 | 71917 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 197 | 195677 |
| 4.00%, 08/01/47 | &nbsp;&nbsp; 32 | 26307 |
| 4.15%, 12/01/28 | &nbsp;&nbsp; 103 | 103689 |
| 4.50%, 06/01/45 | &nbsp;&nbsp; 55 | 48792 |
| Essex Portfolio LP |  |  |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 270 | 243380 |
| 2.65%, 09/01/50 | &nbsp;&nbsp; 35 | 21215 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 55 | 54888 |
| Extra Space Storage LP |  |  |
| 2.35%, 03/15/32 | &nbsp;&nbsp; 130 | 114782 |
| 2.40%, 10/15/31 | &nbsp;&nbsp; 115 | 103064 |
| 3.88%, 12/15/27 | &nbsp;&nbsp; 49 | 48952 |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 14 | 13959 |
| Federal Realty OP LP |  |  |
| 3.20%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 671 | 652974 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 360 | 356643 |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 640 | 621837 |
| 4.50%, 12/01/44 | &nbsp;&nbsp; 203 | 179980 |
| 5.38%, 05/01/28 | &nbsp;&nbsp; 655 | 672933 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 3.25%, 01/15/32 | &nbsp;&nbsp; 140 | 127814 |
| 4.00%, 01/15/30 | &nbsp;&nbsp; 143 | 139589 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 112 | 107892 |
| 5.30%, 01/15/29 | &nbsp;&nbsp; 236 | 240838 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Healthcare Realty Holdings LP |  |  |
| 2.00%, 03/15/31 | &nbsp;&nbsp; $10 | $8867 |
| 3.10%, 02/15/30 | &nbsp;&nbsp; 20 | 19147 |
| Healthpeak OP LLC |  |  |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 608 | 581607 |
| 3.50%, 07/15/29 | &nbsp;&nbsp; 244 | 239226 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 50 | 50209 |
| 5.38%, 02/15/35 | &nbsp;&nbsp; 155 | 159705 |
| 6.75%, 02/01/41 | &nbsp;&nbsp; 156 | 173505 |
| Highwoods Realty LP |  |  |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 87 | 81939 |
| 4.20%, 04/15/29 | &nbsp;&nbsp; 72 | 71259 |
| 7.65%, 02/01/34 | &nbsp;&nbsp; 110 | 125334 |
| Host Hotels & Resorts LP |  |  |
| 5.50%, 04/15/35 | &nbsp;&nbsp; 315 | 321466 |
| 5.70%, 07/01/34 | &nbsp;&nbsp; 10 | 10406 |
| Series H, 3.38%, 12/15/29 | &nbsp;&nbsp; 252 | 244114 |
| Series I, 3.50%, 09/15/30 | &nbsp;&nbsp; 455 | 436338 |
| Series J, 2.90%, 12/15/31 | &nbsp;&nbsp; 114 | 104135 |
| Invitation Homes Operating Partnership LP |  |  |
| 2.00%, 08/15/31 | &nbsp;&nbsp; 10 | 8812 |
| 2.70%, 01/15/34 | &nbsp;&nbsp; 90 | 77286 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 115 | 111952 |
| Kilroy Realty LP |  |  |
| 2.50%, 11/15/32 | &nbsp;&nbsp; 347 | 291292 |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 245 | 227733 |
| 4.25%, 08/15/29 | &nbsp;&nbsp; 391 | 384136 |
| 4.75%, 12/15/28 | &nbsp;&nbsp; 45 | 45218 |
| Kimco Realty OP LLC |  |  |
| 3.70%, 10/01/49 | &nbsp;&nbsp; 103 | 78858 |
| 3.80%, 04/01/27 | &nbsp;&nbsp; 76 | 76009 |
| 4.13%, 12/01/46 | &nbsp;&nbsp; 170 | 144117 |
| 4.25%, 04/01/45 | &nbsp;&nbsp; 130 | 111971 |
| 4.45%, 09/01/47 | &nbsp;&nbsp; 78 | 67913 |
| 4.60%, 02/01/33 | &nbsp;&nbsp; 210 | 211908 |
| Kite Realty Group Trust, 4.75%, 09/15/30 | &nbsp;&nbsp; 35 | 35722 |
| Mid-America Apartments LP |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 210 | 186587 |
| 2.75%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 35 | 33395 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 20 | 20007 |
| NNN REIT, Inc. |  |  |
| 2.50%, 04/15/30 | &nbsp;&nbsp; 27 | 25306 |
| 3.00%, 04/15/52 | &nbsp;&nbsp; 50 | 32098 |
| 3.10%, 04/15/50 | &nbsp;&nbsp; 83 | 55324 |
| 3.50%, 04/15/51 | &nbsp;&nbsp; 75 | 54195 |
| 4.30%, 10/15/28 | &nbsp;&nbsp; 12 | 12082 |
| 4.80%, 10/15/48 | &nbsp;&nbsp; 31 | 27935 |
| 5.60%, 10/15/33 | &nbsp;&nbsp; 25 | 26386 |
| Omega Healthcare Investors, Inc. |  |  |
| 3.25%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 334 | 301510 |
| 3.38%, 02/01/31 | &nbsp;&nbsp; 177 | 166963 |
| 3.63%, 10/01/29 | &nbsp;&nbsp; 250 | 243566 |
| Piedmont Operating Partnership LP |  |  |
| 2.75%, 04/01/32 | &nbsp;&nbsp; 17 | 14817 |
| 3.15%, 08/15/30 | &nbsp;&nbsp; 57 | 52901 |
| Prologis LP |  |  |
| 2.13%, 04/15/27 | &nbsp;&nbsp; 88 | 86431 |
| 2.13%, 10/15/50 | &nbsp;&nbsp; 130 | 71411 |
| 2.25%, 04/15/30 | &nbsp;&nbsp; 88 | 82398 |
| 3.00%, 04/15/50 | &nbsp;&nbsp; 423 | 283013 |
| 3.88%, 09/15/28 | &nbsp;&nbsp; 196 | 196098 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.38%, 02/01/29 | &nbsp;&nbsp; $141 | $142873 |
| 4.38%, 09/15/48 | &nbsp;&nbsp; 230 | 196469 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 235 | 238430 |
| 4.75%, 06/15/33 | &nbsp;&nbsp; 340 | 346191 |
| 4.88%, 06/15/28 | &nbsp;&nbsp; 35 | 35810 |
| 5.13%, 01/15/34 | &nbsp;&nbsp; 159 | 164674 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 420 | 436962 |
| 5.25%, 06/15/53 | &nbsp;&nbsp; 5 | 4833 |
| 5.25%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 300 | 288950 |
| Public Storage Operating Co. |  |  |
| 2.25%, 11/09/31<sup>(a)</sup> | &nbsp;&nbsp; 265 | 239808 |
| 2.30%, 05/01/31 | &nbsp;&nbsp; 55 | 50431 |
| Realty Income Corp. |  |  |
| 1.80%, 03/15/33 | &nbsp;&nbsp; 185 | 155890 |
| 2.85%, 12/15/32 | &nbsp;&nbsp; 315 | 286604 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 115 | 110328 |
| 3.65%, 01/15/28 | &nbsp;&nbsp; 35 | 34882 |
| 4.90%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 95 | 97192 |
| 5.63%, 10/13/32 | &nbsp;&nbsp; 380 | 406182 |
| Regency Centers LP |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 114 | 110201 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 90 | 90465 |
| 4.40%, 02/01/47 | &nbsp;&nbsp; 158 | 137581 |
| 4.50%, 03/15/33 | &nbsp;&nbsp; 35 | 34994 |
| 4.65%, 03/15/49 | &nbsp;&nbsp; 117 | 103868 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 35 | 36022 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 50 | 51110 |
| Sabra Health Care LP |  |  |
| 3.20%, 12/01/31 | &nbsp;&nbsp; 121 | 111920 |
| 3.90%, 10/15/29 | &nbsp;&nbsp; 73 | 71885 |
| Simon Property Group LP |  |  |
| 2.20%, 02/01/31 | &nbsp;&nbsp; 160 | 146016 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 240 | 214607 |
| 2.45%, 09/13/29 | &nbsp;&nbsp; 245 | 232859 |
| 2.65%, 07/15/30 | &nbsp;&nbsp; 30 | 28348 |
| 2.65%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 100 | 91163 |
| 3.25%, 09/13/49<sup>(a)</sup> | &nbsp;&nbsp; 371 | 260614 |
| 3.80%, 07/15/50 | &nbsp;&nbsp; 51 | 39178 |
| 4.25%, 10/01/44 | &nbsp;&nbsp; 230 | 197667 |
| 4.25%, 11/30/46 | &nbsp;&nbsp; 156 | 132723 |
| 4.75%, 03/15/42 | &nbsp;&nbsp; 155 | 145614 |
| 5.50%, 03/08/33 | &nbsp;&nbsp; 353 | 374500 |
| 6.75%, 02/01/40 | &nbsp;&nbsp; 218 | 252818 |
| Store Capital LLC |  |  |
| 2.70%, 12/01/31 | &nbsp;&nbsp; 115 | 102959 |
| 4.50%, 03/15/28 | &nbsp;&nbsp; 25 | 25105 |
| Sun Communities Operating LP, 4.20%, 04/15/32 | &nbsp;&nbsp; 65 | 63740 |
| Tanger Properties LP, 3.88%, 07/15/27 | &nbsp;&nbsp; 15 | 14962 |
| UDR, Inc. |  |  |
| 1.90%, 03/15/33 | &nbsp;&nbsp; 260 | 217902 |
| 2.10%, 08/01/32 | &nbsp;&nbsp; 20 | 17425 |
| 2.10%, 06/15/33 | &nbsp;&nbsp; 65 | 54810 |
| 3.00%, 08/15/31 | &nbsp;&nbsp; 80 | 74880 |
| 3.10%, 11/01/34<sup>(a)</sup> | &nbsp;&nbsp; 33 | 29037 |
| 3.20%, 01/15/30 | &nbsp;&nbsp; 41 | 39766 |
| 4.40%, 01/26/29 | &nbsp;&nbsp; 36 | 36376 |
| Ventas Realty LP |  |  |
| 2.50%, 09/01/31 | &nbsp;&nbsp; 184 | 167179 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 152 | 145544 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 101 | 100985 |
| 4.38%, 02/01/45 | &nbsp;&nbsp; 100 | 86212 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.40%, 01/15/29 | &nbsp;&nbsp; $196 | $197876 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 275 | 280600 |
| 4.88%, 04/15/49 | &nbsp;&nbsp; 180 | 161124 |
| 5.70%, 09/30/43<sup>(a)</sup> | &nbsp;&nbsp; 106 | 108470 |
| VICI Properties LP |  |  |
| 4.75%, 02/15/28 | &nbsp;&nbsp; 517 | 521870 |
| 4.95%, 02/15/30 | &nbsp;&nbsp; 259 | 263338 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 410 | 415162 |
| 5.63%, 05/15/52<sup>(a)</sup> | &nbsp;&nbsp; 190 | 178699 |
| 6.13%, 04/01/54<sup>(a)</sup> | &nbsp;&nbsp; 45 | 45346 |
| Welltower OP LLC |  |  |
| 2.05%, 01/15/29 | &nbsp;&nbsp; 139 | 132142 |
| 2.75%, 01/15/31 | &nbsp;&nbsp; 215 | 202140 |
| 2.75%, 01/15/32 | &nbsp;&nbsp; 460 | 424247 |
| 2.80%, 06/01/31 | &nbsp;&nbsp; 330 | 308480 |
| 3.10%, 01/15/30 | &nbsp;&nbsp; 335 | 323875 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 200 | 201117 |
| 4.25%, 04/15/28 | &nbsp;&nbsp; 154 | 155200 |
| 4.50%, 07/01/30 | &nbsp;&nbsp; 100 | 101752 |
| 4.95%, 09/01/48 | &nbsp;&nbsp; 180 | 170123 |
| 5.13%, 07/01/35 | &nbsp;&nbsp; 125 | 128770 |
| 6.50%, 03/15/41 | &nbsp;&nbsp; 242 | 274710 |
| Weyerhaeuser Co. |  |  |
| 4.00%, 11/15/29 | &nbsp;&nbsp; 311 | 309552 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 345 | 342314 |
| 6.95%, 10/01/27 | &nbsp;&nbsp; 314 | 328295 |
| 7.38%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 785 | 900279 |
| WP Carey, Inc. |  |  |
| 2.25%, 04/01/33 | &nbsp;&nbsp; 120 | 102277 |
| 3.85%, 07/15/29 | &nbsp;&nbsp; 117 | 116116 |
|  |  | 65504698 |
| **Retail — 2.4%** | **Retail — 2.4%** | **Retail — 2.4%** |
| AutoNation, Inc. |  |  |
| 3.80%, 11/15/27 | &nbsp;&nbsp; 156 | 155410 |
| 3.85%, 03/01/32 | &nbsp;&nbsp; 131 | 124977 |
| 4.45%, 01/15/29 | &nbsp;&nbsp; 100 | 100712 |
| 4.75%, 06/01/30 | &nbsp;&nbsp; 304 | 308387 |
| 5.89%, 03/15/35 | &nbsp;&nbsp; 685 | 714537 |
| AutoZone, Inc. |  |  |
| 3.75%, 04/18/29 | &nbsp;&nbsp; 74 | 73435 |
| 6.55%, 11/01/33 | &nbsp;&nbsp; 25 | 27934 |
| Best Buy Co., Inc. |  |  |
| 1.95%, 10/01/30 | &nbsp;&nbsp; 2518 | 2276123 |
| 4.45%, 10/01/28 | &nbsp;&nbsp; 2339 | 2364188 |
| Costco Wholesale Corp., 1.60%, 04/20/30 | &nbsp;&nbsp; 73 | 66836 |
| Darden Restaurants, Inc., 4.55%, 02/15/48 | &nbsp;&nbsp; 61 | 51271 |
| Dollar General Corp. |  |  |
| 3.50%, 04/03/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14589 |
| 4.13%, 04/03/50 | &nbsp;&nbsp; 72 | 56958 |
| Dollar Tree, Inc. |  |  |
| 3.38%, 12/01/51 | &nbsp;&nbsp; 90 | 60746 |
| 4.20%, 05/15/28 | &nbsp;&nbsp; 50 | 50169 |
| Ferguson Enterprises, Inc. |  |  |
| 4.35%, 03/15/31 | &nbsp;&nbsp; 75 | 75207 |
| 5.00%, 10/03/34 | &nbsp;&nbsp; 1030 | 1045950 |
| Genuine Parts Co., 6.88%, 11/01/33<sup>(a)</sup> | &nbsp;&nbsp; 40 | 44167 |
| Home Depot, Inc.(The) |  |  |
| 1.88%, 09/15/31 | &nbsp;&nbsp; 125 | 111596 |
| 2.38%, 03/15/51 | &nbsp;&nbsp; 140 | 81318 |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 262 | 250278 |
| 2.75%, 09/15/51 | &nbsp;&nbsp; 270 | 169737 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 2.80%, 09/14/27 | &nbsp;&nbsp; $325 | $321128 |
| 2.95%, 06/15/29 | &nbsp;&nbsp; 1296 | 1261865 |
| 3.13%, 12/15/49 | &nbsp;&nbsp; 287 | 198350 |
| 3.25%, 04/15/32 | &nbsp;&nbsp; 590 | 562963 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 212 | 151902 |
| 3.50%, 09/15/56 | &nbsp;&nbsp; 351 | 248638 |
| 3.63%, 04/15/52 | &nbsp;&nbsp; 225 | 166941 |
| 3.75%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 95 | 95475 |
| 3.90%, 12/06/28 | &nbsp;&nbsp; 833 | 837282 |
| 3.90%, 06/15/47 | &nbsp;&nbsp; 373 | 300414 |
| 3.95%, 09/15/30 | &nbsp;&nbsp; 120 | 120448 |
| 4.20%, 04/01/43 | &nbsp;&nbsp; 326 | 287077 |
| 4.25%, 04/01/46 | &nbsp;&nbsp; 373 | 320638 |
| 4.40%, 03/15/45 | &nbsp;&nbsp; 328 | 289977 |
| 4.50%, 09/15/32 | &nbsp;&nbsp; 405 | 413141 |
| 4.50%, 12/06/48 | &nbsp;&nbsp; 337 | 294621 |
| 4.65%, 09/15/35 | &nbsp;&nbsp; 200 | 199906 |
| 4.88%, 02/15/44 | &nbsp;&nbsp; 317 | 300718 |
| 4.95%, 06/25/34 | &nbsp;&nbsp; 355 | 366664 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 50 | 46127 |
| 5.40%, 09/15/40<sup>(a)</sup> | &nbsp;&nbsp; 287 | 297770 |
| 5.40%, 06/25/64 | &nbsp;&nbsp; 205 | 199079 |
| 5.88%, 12/16/36 | &nbsp;&nbsp; 826 | 902321 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 225 | 245183 |
| Lowe's Companies, Inc. |  |  |
| 1.70%, 10/15/30 | &nbsp;&nbsp; 270 | 242554 |
| 2.63%, 04/01/31 | &nbsp;&nbsp; 411 | 381175 |
| 3.00%, 10/15/50 | &nbsp;&nbsp; 365 | 236671 |
| 3.65%, 04/05/29 | &nbsp;&nbsp; 155 | 153680 |
| 3.70%, 04/15/46 | &nbsp;&nbsp; 342 | 263985 |
| 3.75%, 04/01/32 | &nbsp;&nbsp; 460 | 445333 |
| 4.05%, 05/03/47 | &nbsp;&nbsp; 517 | 415763 |
| 4.25%, 04/01/52 | &nbsp;&nbsp; 284 | 227166 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 285 | 243141 |
| 4.45%, 04/01/62 | &nbsp;&nbsp; 441 | 349454 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 257 | 261287 |
| 4.55%, 04/05/49 | &nbsp;&nbsp; 137 | 117029 |
| 4.65%, 04/15/42 | &nbsp;&nbsp; 371 | 343492 |
| 5.00%, 04/15/33 | &nbsp;&nbsp; 395 | 407412 |
| 5.00%, 04/15/40<sup>(a)</sup> | &nbsp;&nbsp; 54 | 53165 |
| 5.13%, 04/15/50 | &nbsp;&nbsp; 185 | 169867 |
| 5.50%, 10/15/35 | &nbsp;&nbsp; 293 | 308656 |
| 5.63%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 141 | 138766 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 182 | 180319 |
| 5.85%, 04/01/63 | &nbsp;&nbsp; 135 | 134560 |
| 6.50%, 03/15/29 | &nbsp;&nbsp; 112 | 120244 |
| Lowe's Cos., Inc. |  |  |
| 3.95%, 10/15/27 | &nbsp;&nbsp; 300 | 300952 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 300 | 300792 |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 300 | 300894 |
| 4.50%, 10/15/32 | &nbsp;&nbsp; 300 | 301411 |
| 4.85%, 10/15/35 | &nbsp;&nbsp; 300 | 299641 |
| McDonald's Corp. |  |  |
| 2.13%, 03/01/30 | &nbsp;&nbsp; 103 | 96142 |
| 2.63%, 09/01/29 | &nbsp;&nbsp; 31 | 29753 |
| 3.60%, 07/01/30 | &nbsp;&nbsp; 15 | 14824 |
| 3.63%, 09/01/49 | &nbsp;&nbsp; 334 | 251231 |
| 3.70%, 02/15/42 | &nbsp;&nbsp; 29 | 24221 |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 25 | 25012 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 187 | 154063 |
| 4.45%, 03/01/47 | &nbsp;&nbsp; 198 | 172784 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 4.45%, 09/01/48 | &nbsp;&nbsp; $117 | $101349 |
| 4.60%, 05/26/45 | &nbsp;&nbsp; 244 | 219308 |
| 4.70%, 12/09/35 | &nbsp;&nbsp; 30 | 30305 |
| 4.88%, 07/15/40 | &nbsp;&nbsp; 153 | 149795 |
| 4.88%, 12/09/45 | &nbsp;&nbsp; 527 | 488564 |
| 5.15%, 09/09/52 | &nbsp;&nbsp; 95 | 89529 |
| 5.70%, 02/01/39 | &nbsp;&nbsp; 80 | 85989 |
| 6.30%, 10/15/37<sup>(a)</sup> | &nbsp;&nbsp; 247 | 278723 |
| 6.30%, 03/01/38 | &nbsp;&nbsp; 202 | 226555 |
| O'Reilly Automotive, Inc., 4.20%, 04/01/30 | &nbsp;&nbsp; 49 | 49166 |
| Starbucks Corp. |  |  |
| 2.25%, 03/12/30 | &nbsp;&nbsp; 61 | 56892 |
| 3.35%, 03/12/50 | &nbsp;&nbsp; 160 | 112659 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 70 | 69518 |
| 3.50%, 11/15/50 | &nbsp;&nbsp; 314 | 226513 |
| 3.75%, 12/01/47<sup>(a)</sup> | &nbsp;&nbsp; 190 | 146720 |
| 4.30%, 06/15/45 | &nbsp;&nbsp; 129 | 111187 |
| 4.45%, 08/15/49<sup>(a)</sup> | &nbsp;&nbsp; 298 | 254032 |
| 4.50%, 11/15/48 | &nbsp;&nbsp; 302 | 259656 |
| Target Corp. |  |  |
| 2.35%, 02/15/30 | &nbsp;&nbsp; 126 | 118942 |
| 2.65%, 09/15/30 | &nbsp;&nbsp; 5 | 4727 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 202 | 199792 |
| 3.63%, 04/15/46 | &nbsp;&nbsp; 411 | 321535 |
| 3.90%, 11/15/47 | &nbsp;&nbsp; 37 | 29810 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 475 | 408759 |
| 4.50%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 271 | 277207 |
| 6.35%, 11/01/32 | &nbsp;&nbsp; 415 | 463940 |
| 6.50%, 10/15/37 | &nbsp;&nbsp; 327 | 375602 |
| 7.00%, 01/15/38 | &nbsp;&nbsp; 205 | 244074 |
| TJX Companies, Inc.(The) |  |  |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 35 | 35010 |
| 4.50%, 04/15/50 | &nbsp;&nbsp; 219 | 193255 |
| Tractor Supply Co. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 1972 | 1765710 |
| 5.25%, 05/15/33 | &nbsp;&nbsp; 2017 | 2094914 |
|  |  | 33608329 |
| **Semiconductors — 3.3%** | **Semiconductors — 3.3%** | **Semiconductors — 3.3%** |
| Analog Devices, Inc. |  |  |
| 2.10%, 10/01/31 | &nbsp;&nbsp; 230 | 207072 |
| 4.25%, 06/15/28 | &nbsp;&nbsp; 210 | 212301 |
| 4.50%, 06/15/30 | &nbsp;&nbsp; 195 | 199313 |
| 5.05%, 04/01/34 | &nbsp;&nbsp; 1110 | 1161524 |
| 5.30%, 04/01/54 | &nbsp;&nbsp; 30 | 29338 |
| Applied Materials, Inc. |  |  |
| 1.75%, 06/01/30 | &nbsp;&nbsp; 657 | 599209 |
| 2.75%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 295 | 195078 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 1000 | 996020 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 100 | 100021 |
| 4.35%, 04/01/47 | &nbsp;&nbsp; 326 | 288331 |
| 4.60%, 01/15/36 | &nbsp;&nbsp; 235 | 233732 |
| 4.80%, 06/15/29 | &nbsp;&nbsp; 618 | 636506 |
| 5.10%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 966 | 1004747 |
| 5.85%, 06/15/41 | &nbsp;&nbsp; 257 | 278275 |
| Broadcom, Inc. |  |  |
| 2.60%, 02/15/33 | &nbsp;&nbsp; 145 | 129082 |
| 3.14%, 11/15/35<sup>(d)</sup> | &nbsp;&nbsp; 861 | 752142 |
| 3.19%, 11/15/36<sup>(d)</sup> | &nbsp;&nbsp; 529 | 456155 |
| 3.42%, 04/15/33 | &nbsp;&nbsp; 456 | 426824 |
| 3.47%, 04/15/34 | &nbsp;&nbsp; 572 | 528511 |
| 3.50%, 02/15/41 | &nbsp;&nbsp; 485 | 402007 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 3.75%, 02/15/51 | &nbsp;&nbsp; $236 | $182063 |
| 4.15%, 11/15/30 | &nbsp;&nbsp; 103 | 103356 |
| 4.15%, 04/15/32<sup>(d)</sup> | &nbsp;&nbsp; 110 | 108801 |
| 4.20%, 10/15/30 | &nbsp;&nbsp; 55 | 55267 |
| 4.30%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 70 | 70612 |
| 4.30%, 11/15/32 | &nbsp;&nbsp; 309 | 307924 |
| 4.60%, 07/15/30 | &nbsp;&nbsp; 185 | 189009 |
| 4.60%, 01/15/33 | &nbsp;&nbsp; 150 | 151594 |
| 4.80%, 10/15/34 | &nbsp;&nbsp; 65 | 65659 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 360 | 360940 |
| 4.90%, 02/15/38 | &nbsp;&nbsp; 375 | 373040 |
| 4.93%, 05/15/37<sup>(d)</sup> | &nbsp;&nbsp; 680 | 679751 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 60 | 60718 |
| 5.00%, 04/15/30 | &nbsp;&nbsp; 353 | 364832 |
| 5.20%, 07/15/35 | &nbsp;&nbsp; 410 | 423748 |
| 5.70%, 01/15/56 | &nbsp;&nbsp; 100 | 102760 |
| Intel Corp. |  |  |
| 1.60%, 08/12/28 | &nbsp;&nbsp; 1054 | 996389 |
| 2.00%, 08/12/31 | &nbsp;&nbsp; 286 | 253372 |
| 2.45%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 530 | 499634 |
| 3.05%, 08/12/51<sup>(a)</sup> | &nbsp;&nbsp; 376 | 236119 |
| 3.10%, 02/15/60 | &nbsp;&nbsp; 247 | 141146 |
| 3.15%, 05/11/27 | &nbsp;&nbsp; 1094 | 1083248 |
| 3.20%, 08/12/61 | &nbsp;&nbsp; 148 | 85700 |
| 3.25%, 11/15/49 | &nbsp;&nbsp; 388 | 253773 |
| 3.73%, 12/08/47 | &nbsp;&nbsp; 293 | 211761 |
| 3.75%, 08/05/27 | &nbsp;&nbsp; 618 | 615929 |
| 3.90%, 03/25/30 | &nbsp;&nbsp; 252 | 248981 |
| 4.00%, 08/05/29 | &nbsp;&nbsp; 350 | 349050 |
| 4.00%, 12/15/32 | &nbsp;&nbsp; 390 | 376725 |
| 4.10%, 05/19/46 | &nbsp;&nbsp; 216 | 167684 |
| 4.10%, 05/11/47 | &nbsp;&nbsp; 148 | 114120 |
| 4.15%, 08/05/32 | &nbsp;&nbsp; 210 | 205276 |
| 4.25%, 12/15/42 | &nbsp;&nbsp; 237 | 196508 |
| 4.60%, 03/25/40 | &nbsp;&nbsp; 20 | 18174 |
| 4.75%, 03/25/50 | &nbsp;&nbsp; 529 | 440348 |
| 4.80%, 10/01/41 | &nbsp;&nbsp; 310 | 280261 |
| 4.88%, 02/10/28 | &nbsp;&nbsp; 401 | 407305 |
| 4.90%, 07/29/45 | &nbsp;&nbsp; 380 | 333416 |
| 4.90%, 08/05/52 | &nbsp;&nbsp; 245 | 206686 |
| 4.95%, 03/25/60<sup>(a)</sup> | &nbsp;&nbsp; 184 | 152393 |
| 5.05%, 08/05/62 | &nbsp;&nbsp; 127 | 105571 |
| 5.13%, 02/10/30 | &nbsp;&nbsp; 200 | 206232 |
| 5.15%, 02/21/34<sup>(a)</sup> | &nbsp;&nbsp; 395 | 403264 |
| 5.20%, 02/10/33<sup>(a)</sup> | &nbsp;&nbsp; 785 | 808528 |
| 5.70%, 02/10/53 | &nbsp;&nbsp; 349 | 331076 |
| 5.90%, 02/10/63 | &nbsp;&nbsp; 195 | 187151 |
| KLA Corp. |  |  |
| 3.30%, 03/01/50 | &nbsp;&nbsp; 63 | 44704 |
| 4.95%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 35 | 32420 |
| 5.00%, 03/15/49 | &nbsp;&nbsp; 25 | 23391 |
| 5.25%, 07/15/62 | &nbsp;&nbsp; 125 | 117781 |
| Lam Research Corp. |  |  |
| 1.90%, 06/15/30 | &nbsp;&nbsp; 1075 | 986789 |
| 2.88%, 06/15/50 | &nbsp;&nbsp; 346 | 227915 |
| 3.13%, 06/15/60 | &nbsp;&nbsp; 183 | 115815 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 972 | 976305 |
| 4.88%, 03/15/49 | &nbsp;&nbsp; 254 | 236493 |
| Marvell Technology, Inc. |  |  |
| 2.95%, 04/15/31 | &nbsp;&nbsp; 85 | 79442 |
| 4.75%, 07/15/30 | &nbsp;&nbsp; 50 | 50977 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 5.45%, 07/15/35 | &nbsp;&nbsp; $50 | $51934 |
| 5.95%, 09/15/33 | &nbsp;&nbsp; 80 | 85869 |
| Micron Technology, Inc. |  |  |
| 2.70%, 04/15/32 | &nbsp;&nbsp; 253 | 231253 |
| 3.48%, 11/01/51<sup>(a)</sup> | &nbsp;&nbsp; 314 | 230100 |
| 5.88%, 02/09/33 | &nbsp;&nbsp; 135 | 145180 |
| NVIDIA Corp. |  |  |
| 2.00%, 06/15/31 | &nbsp;&nbsp; 1758 | 1600350 |
| 2.85%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2304 | 2216176 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 | &nbsp;&nbsp; 1870 | 1934789 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 2.50%, 05/11/31 | &nbsp;&nbsp; 757 | 693150 |
| 2.65%, 02/15/32 | &nbsp;&nbsp; 305 | 275238 |
| 3.13%, 02/15/42 | &nbsp;&nbsp; 91 | 67757 |
| 3.15%, 05/01/27 | &nbsp;&nbsp; 97 | 96127 |
| 3.25%, 05/11/41 | &nbsp;&nbsp; 240 | 184769 |
| 3.25%, 11/30/51 | &nbsp;&nbsp; 200 | 134143 |
| 3.40%, 05/01/30 | &nbsp;&nbsp; 365 | 353659 |
| 4.30%, 08/19/28 | &nbsp;&nbsp; 520 | 523256 |
| 4.30%, 06/18/29<sup>(a)</sup> | &nbsp;&nbsp; 1003 | 1008927 |
| 4.40%, 06/01/27 | &nbsp;&nbsp; 255 | 256282 |
| 4.85%, 08/19/32 | &nbsp;&nbsp; 75 | 76101 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 489 | 499232 |
| 5.25%, 08/19/35<sup>(a)</sup> | &nbsp;&nbsp; 495 | 505586 |
| Qorvo, Inc., 4.38%, 10/15/29 | &nbsp;&nbsp; 55 | 54150 |
| QUALCOMM, Inc. |  |  |
| 4.30%, 05/20/47 | &nbsp;&nbsp; 275 | 233067 |
| 4.50%, 05/20/52 | &nbsp;&nbsp; 235 | 198784 |
| 4.65%, 05/20/35<sup>(a)</sup> | &nbsp;&nbsp; 150 | 151560 |
| 4.80%, 05/20/45 | &nbsp;&nbsp; 341 | 314182 |
| 6.00%, 05/20/53 | &nbsp;&nbsp; 190 | 200877 |
| Texas Instruments, Inc. |  |  |
| 1.75%, 05/04/30 | &nbsp;&nbsp; 934 | 857709 |
| 1.90%, 09/15/31 | &nbsp;&nbsp; 735 | 660017 |
| 2.25%, 09/04/29 | &nbsp;&nbsp; 1058 | 1006225 |
| 2.70%, 09/15/51<sup>(a)</sup> | &nbsp;&nbsp; 373 | 232879 |
| 2.90%, 11/03/27 | &nbsp;&nbsp; 663 | 655905 |
| 3.65%, 08/16/32 | &nbsp;&nbsp; 562 | 546142 |
| 3.88%, 03/15/39 | &nbsp;&nbsp; 158 | 142891 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 444 | 372217 |
| 4.50%, 05/23/30 | &nbsp;&nbsp; 145 | 148020 |
| 4.60%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 864 | 878627 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 370 | 379099 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 745 | 769097 |
| 4.90%, 03/14/33 | &nbsp;&nbsp; 290 | 300935 |
| 5.10%, 05/23/35 | &nbsp;&nbsp; 135 | 140630 |
| 5.15%, 02/08/54 | &nbsp;&nbsp; 20 | 19234 |
| TSMC Arizona Corp. |  |  |
| 2.50%, 10/25/31 | &nbsp;&nbsp; 466 | 430886 |
| 3.13%, 10/25/41 | &nbsp;&nbsp; 20 | 16843 |
| 3.25%, 10/25/51 | &nbsp;&nbsp; 332 | 260507 |
| 3.88%, 04/22/27 | &nbsp;&nbsp; 155 | 155033 |
| 4.13%, 04/22/29 | &nbsp;&nbsp; 133 | 133888 |
| 4.25%, 04/22/32 | &nbsp;&nbsp; 300 | 303997 |
| 4.50%, 04/22/52 | &nbsp;&nbsp; 290 | 281120 |
|  |  | 46258513 |
| **Shipbuilding — 0.1%** | **Shipbuilding — 0.1%** | **Shipbuilding — 0.1%** |
| Huntington Ingalls Industries, Inc. |  |  |
| 2.04%, 08/16/28 | &nbsp;&nbsp; 415 | 395974 |
| 3.48%, 12/01/27 | &nbsp;&nbsp; 124 | 122924 |
| 4.20%, 05/01/30 | &nbsp;&nbsp; 403 | 402403 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Shipbuilding (continued)** | **Shipbuilding (continued)** | **Shipbuilding (continued)** |
| 5.35%, 01/15/30 | &nbsp;&nbsp; $50 | $51889 |
| 5.75%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 30 | 32065 |
|  |  | 1005255 |
| **Software — 3.5%** | **Software — 3.5%** | **Software — 3.5%** |
| Adobe, Inc. |  |  |
| 2.30%, 02/01/30 | &nbsp;&nbsp; 3039 | 2849151 |
| 4.80%, 04/04/29 | &nbsp;&nbsp; 25 | 25662 |
| 4.95%, 04/04/34 | &nbsp;&nbsp; 525 | 536484 |
| 5.30%, 01/17/35 | &nbsp;&nbsp; 295 | 307490 |
| Autodesk, Inc. |  |  |
| 2.40%, 12/15/31 | &nbsp;&nbsp; 1400 | 1253824 |
| 2.85%, 01/15/30 | &nbsp;&nbsp; 990 | 943190 |
| 3.50%, 06/15/27 | &nbsp;&nbsp; 1103 | 1096399 |
| 5.30%, 06/15/35 | &nbsp;&nbsp; 395 | 402097 |
| Broadridge Financial Solutions, Inc. |  |  |
| 2.60%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp; 877 | 794979 |
| 2.90%, 12/01/29 | &nbsp;&nbsp; 694 | 657107 |
| Cadence Design Systems, Inc. |  |  |
| 4.20%, 09/10/27 | &nbsp;&nbsp; 500 | 502416 |
| 4.30%, 09/10/29 | &nbsp;&nbsp; 1085 | 1096750 |
| 4.70%, 09/10/34 | &nbsp;&nbsp; 1155 | 1163818 |
| Concentrix Corp., 6.85%, 08/02/33<sup>(a)</sup> | &nbsp;&nbsp; 85 | 81873 |
| Fidelity National Information Services, Inc. |  |  |
| 4.50%, 08/15/46 | &nbsp;&nbsp; 32 | 27084 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 550 | 558783 |
| Fiserv, Inc. |  |  |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 180 | 174867 |
| 4.40%, 07/01/49 | &nbsp;&nbsp; 423 | 334924 |
| 4.55%, 02/15/31 | &nbsp;&nbsp; 55 | 54843 |
| 5.25%, 08/11/35<sup>(a)</sup> | &nbsp;&nbsp; 85 | 85007 |
| 5.63%, 08/21/33 | &nbsp;&nbsp; 20 | 20705 |
| Intuit, Inc. |  |  |
| 1.35%, 07/15/27 | &nbsp;&nbsp; 500 | 483998 |
| 1.65%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 960 | 866606 |
| 5.13%, 09/15/28 | &nbsp;&nbsp; 695 | 715178 |
| 5.20%, 09/15/33 | &nbsp;&nbsp; 1250 | 1293322 |
| 5.50%, 09/15/53<sup>(a)</sup> | &nbsp;&nbsp; 392 | 370897 |
| Microsoft Corp. |  |  |
| 2.53%, 06/01/50 | &nbsp;&nbsp; 456 | 282846 |
| 2.68%, 06/01/60 | &nbsp;&nbsp; 351 | 203569 |
| 2.92%, 03/17/52 | &nbsp;&nbsp; 815 | 541840 |
| 3.04%, 03/17/62 | &nbsp;&nbsp; 210 | 131790 |
| 3.45%, 08/08/36 | &nbsp;&nbsp; 493 | 455269 |
| 3.50%, 02/12/35<sup>(a)</sup> | &nbsp;&nbsp; 1489 | 1410629 |
| 3.50%, 11/15/42<sup>(a)</sup> | &nbsp;&nbsp; 121 | 101218 |
| 3.95%, 08/08/56 | &nbsp;&nbsp; 438 | 348528 |
| 4.00%, 02/12/55<sup>(a)</sup> | &nbsp;&nbsp; 466 | 376631 |
| 4.10%, 02/06/37<sup>(a)</sup> | &nbsp;&nbsp; 520 | 508056 |
| 4.20%, 11/03/35<sup>(a)</sup> | &nbsp;&nbsp; 225 | 226363 |
| 4.25%, 02/06/47 | &nbsp;&nbsp; 299 | 265176 |
| 4.45%, 11/03/45<sup>(a)</sup> | &nbsp;&nbsp; 240 | 222233 |
| 4.50%, 10/01/40<sup>(a)</sup> | &nbsp;&nbsp; 150 | 148171 |
| 4.50%, 02/06/57 | &nbsp;&nbsp; 356 | 319420 |
| 5.30%, 02/08/41 | &nbsp;&nbsp; 250 | 261468 |
| Oracle Corp. |  |  |
| 2.95%, 04/01/30 | &nbsp;&nbsp; 115 | 106982 |
| 3.25%, 05/15/30 | &nbsp;&nbsp; 192 | 180322 |
| 3.60%, 04/01/40 | &nbsp;&nbsp; 520 | 390384 |
| 3.60%, 04/01/50 | &nbsp;&nbsp; 735 | 459595 |
| 3.65%, 03/25/41 | &nbsp;&nbsp; 30 | 22282 |
| 3.80%, 11/15/37 | &nbsp;&nbsp; 207 | 170424 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 3.85%, 07/15/36 | &nbsp;&nbsp; $379 | $323255 |
| 3.85%, 04/01/60 | &nbsp;&nbsp; 787 | 478641 |
| 3.90%, 05/15/35 | &nbsp;&nbsp; 432 | 378370 |
| 3.95%, 03/25/51 | &nbsp;&nbsp; 619 | 409042 |
| 4.00%, 07/15/46 | &nbsp;&nbsp; 741 | 517518 |
| 4.00%, 11/15/47<sup>(a)</sup> | &nbsp;&nbsp; 545 | 375428 |
| 4.10%, 03/25/61 | &nbsp;&nbsp; 339 | 217068 |
| 4.13%, 05/15/45 | &nbsp;&nbsp; 431 | 311517 |
| 4.20%, 09/27/29 | &nbsp;&nbsp; 140 | 138191 |
| 4.30%, 07/08/34 | &nbsp;&nbsp; 580 | 530165 |
| 4.38%, 05/15/55 | &nbsp;&nbsp; 462 | 319618 |
| 4.50%, 07/08/44 | &nbsp;&nbsp; 265 | 204130 |
| 4.90%, 02/06/33 | &nbsp;&nbsp; 240 | 234530 |
| 5.20%, 09/26/35<sup>(a)</sup> | &nbsp;&nbsp; 200 | 193284 |
| 5.38%, 07/15/40<sup>(a)</sup> | &nbsp;&nbsp; 515 | 470745 |
| 5.38%, 09/27/54 | &nbsp;&nbsp; 535 | 431484 |
| 5.50%, 09/27/64 | &nbsp;&nbsp; 550 | 436062 |
| 5.55%, 02/06/53 | &nbsp;&nbsp; 326 | 272136 |
| 5.70%, 02/04/36 | &nbsp;&nbsp; 1200 | 1200396 |
| 5.95%, 09/26/55 | &nbsp;&nbsp; 1015 | 892523 |
| 6.00%, 08/03/55 | &nbsp;&nbsp; 270 | 237473 |
| 6.10%, 09/26/65 | &nbsp;&nbsp; 490 | 424369 |
| 6.13%, 07/08/39 | &nbsp;&nbsp; 300 | 296777 |
| 6.13%, 08/03/65 | &nbsp;&nbsp; 170 | 147062 |
| 6.25%, 11/09/32 | &nbsp;&nbsp; 450 | 475268 |
| 6.50%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 404 | 418504 |
| 6.70%, 02/04/56 | &nbsp;&nbsp; 1010 | 978823 |
| 6.85%, 02/04/66 | &nbsp;&nbsp; 210 | 201385 |
| 6.90%, 11/09/52 | &nbsp;&nbsp; 445 | 439493 |
| Paychex, Inc., 5.60%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15371 |
| Roper Technologies, Inc., 2.95%, 09/15/29 | &nbsp;&nbsp; 6 | 5749 |
| Salesforce, Inc. |  |  |
| 2.90%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 454 | 278471 |
| 3.70%, 04/11/28 | &nbsp;&nbsp; 5046 | 5032793 |
| ServiceNow, Inc., 1.40%, 09/01/30 | &nbsp;&nbsp; 2606 | 2308155 |
| Synopsys, Inc. |  |  |
| 4.85%, 04/01/30 | &nbsp;&nbsp; 170 | 174109 |
| 5.00%, 04/01/32 | &nbsp;&nbsp; 915 | 943334 |
| 5.15%, 04/01/35 | &nbsp;&nbsp; 1255 | 1281574 |
| 5.70%, 04/01/55 | &nbsp;&nbsp; 335 | 334773 |
| VMware LLC, 4.70%, 05/15/30 | &nbsp;&nbsp; 791 | 807869 |
| Workday, Inc. |  |  |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 80 | 79584 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 808 | 794592 |
| 3.80%, 04/01/32 | &nbsp;&nbsp; 825 | 783290 |
|  |  | 48623571 |
| **Telecommunications — 3.6%** | **Telecommunications — 3.6%** | **Telecommunications — 3.6%** |
| America Movil SAB de CV |  |  |
| 2.88%, 05/07/30 | &nbsp;&nbsp; 130 | 123485 |
| 4.38%, 07/16/42 | &nbsp;&nbsp; 125 | 111580 |
| 4.38%, 04/22/49 | &nbsp;&nbsp; 302 | 258500 |
| 4.70%, 07/21/32 | &nbsp;&nbsp; 250 | 253776 |
| 6.13%, 11/15/37 | &nbsp;&nbsp; 163 | 178078 |
| 6.13%, 03/30/40 | &nbsp;&nbsp; 540 | 587284 |
| 6.38%, 03/01/35 | &nbsp;&nbsp; 225 | 252196 |
| AT&T, Inc. |  |  |
| 3.30%, 02/01/52 | &nbsp;&nbsp; 390 | 258104 |
| 3.50%, 09/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1405 | 956362 |
| 3.50%, 02/01/61<sup>(a)</sup> | &nbsp;&nbsp; 280 | 180945 |
| 3.55%, 09/15/55 | &nbsp;&nbsp; 1420 | 960271 |
| 3.65%, 06/01/51 | &nbsp;&nbsp; 580 | 414342 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 3.65%, 09/15/59 | &nbsp;&nbsp; $1221 | $821105 |
| 3.80%, 12/01/57 | &nbsp;&nbsp; 1169 | 820213 |
| 3.85%, 06/01/60 | &nbsp;&nbsp; 442 | 308114 |
| 4.10%, 02/15/28 | &nbsp;&nbsp; 210 | 210620 |
| 4.30%, 12/15/42 | &nbsp;&nbsp; 365 | 314247 |
| 4.35%, 06/15/45 | &nbsp;&nbsp; 122 | 102485 |
| 4.50%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 728 | 709823 |
| 4.50%, 03/09/48<sup>(a)</sup> | &nbsp;&nbsp; 311 | 260223 |
| 4.55%, 03/09/49 | &nbsp;&nbsp; 246 | 206107 |
| 4.75%, 05/15/46 | &nbsp;&nbsp; 483 | 424044 |
| 4.80%, 06/15/44 | &nbsp;&nbsp; 60 | 53841 |
| 4.85%, 03/01/39 | &nbsp;&nbsp; 311 | 299005 |
| 4.85%, 07/15/45 | &nbsp;&nbsp; 50 | 45184 |
| 5.15%, 03/15/42<sup>(a)</sup> | &nbsp;&nbsp; 57 | 54967 |
| 5.15%, 11/15/46 | &nbsp;&nbsp; 220 | 204013 |
| 5.15%, 02/15/50 | &nbsp;&nbsp; 306 | 277803 |
| 5.25%, 03/01/37 | &nbsp;&nbsp; 624 | 638089 |
| 5.35%, 09/01/40 | &nbsp;&nbsp; 282 | 280692 |
| 5.45%, 03/01/47 | &nbsp;&nbsp; 191 | 183422 |
| 5.55%, 08/15/41<sup>(a)</sup> | &nbsp;&nbsp; 157 | 157382 |
| 5.65%, 02/15/47 | &nbsp;&nbsp; 154 | 155882 |
| 5.70%, 03/01/57<sup>(a)</sup> | &nbsp;&nbsp; 187 | 182446 |
| 6.00%, 08/15/40 | &nbsp;&nbsp; 233 | 246856 |
| 6.30%, 01/15/38 | &nbsp;&nbsp; 145 | 159167 |
| 6.38%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 255 | 276758 |
| 6.55%, 02/15/39 | &nbsp;&nbsp; 45 | 50329 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 3.65%, 08/15/52 | &nbsp;&nbsp; 60 | 43611 |
| 4.30%, 07/29/49 | &nbsp;&nbsp; 43 | 35352 |
| 4.46%, 04/01/48 | &nbsp;&nbsp; 68 | 57505 |
| Series US-4, 3.65%, 03/17/51<sup>(a)</sup> | &nbsp;&nbsp; 25 | 18488 |
| British Telecommunications PLC |  |  |
| 5.13%, 12/04/28 | &nbsp;&nbsp; 492 | 505060 |
| 9.63%, 12/15/30 | &nbsp;&nbsp; 1496 | 1829811 |
| Cisco Systems, Inc. |  |  |
| 4.75%, 02/24/30 | &nbsp;&nbsp; 100 | 103122 |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 120 | 125003 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 125 | 129850 |
| 5.30%, 02/26/54<sup>(a)</sup> | &nbsp;&nbsp; 429 | 417454 |
| 5.35%, 02/26/64 | &nbsp;&nbsp; 75 | 71751 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 664 | 697168 |
| 5.50%, 02/24/55 | &nbsp;&nbsp; 50 | 50166 |
| 5.90%, 02/15/39 | &nbsp;&nbsp; 732 | 800377 |
| Corning, Inc. |  |  |
| 4.38%, 11/15/57 | &nbsp;&nbsp; 368 | 307535 |
| 4.70%, 03/15/37 | &nbsp;&nbsp; 35 | 34497 |
| 5.45%, 11/15/79 | &nbsp;&nbsp; 80 | 75438 |
| Deutsche Telekom International Finance BV |  |  |
| 8.75%, 06/15/30 | &nbsp;&nbsp; 372 | 436058 |
| 9.25%, 06/01/32 | &nbsp;&nbsp; 10 | 12600 |
| Juniper Networks, Inc. |  |  |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 72 | 70755 |
| 5.95%, 03/15/41 | &nbsp;&nbsp; 140 | 142929 |
| Koninklijke KPN NV, 8.38%, 10/01/30 | &nbsp;&nbsp; 2766 | 3245075 |
| Motorola Solutions, Inc. |  |  |
| 2.30%, 11/15/30 | &nbsp;&nbsp; 75 | 68955 |
| 4.60%, 02/23/28 | &nbsp;&nbsp; 264 | 266908 |
| 4.60%, 05/23/29<sup>(a)</sup> | &nbsp;&nbsp; 262 | 265966 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 120 | 126297 |
| 5.60%, 06/01/32 | &nbsp;&nbsp; 105 | 111514 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Nokia OYJ |  |  |
| 4.38%, 06/12/27 | &nbsp;&nbsp; $1835 | $1833849 |
| 6.63%, 05/15/39 | &nbsp;&nbsp; 153 | 165653 |
| Orange SA |  |  |
| 5.38%, 01/13/42 | &nbsp;&nbsp; 228 | 226598 |
| 5.50%, 02/06/44 | &nbsp;&nbsp; 221 | 223624 |
| 9.00%, 03/01/31 | &nbsp;&nbsp; 947 | 1142547 |
| Rogers Communications, Inc. |  |  |
| 3.70%, 11/15/49 | &nbsp;&nbsp; 314 | 237276 |
| 4.30%, 02/15/48<sup>(a)</sup> | &nbsp;&nbsp; 290 | 236861 |
| 4.35%, 05/01/49 | &nbsp;&nbsp; 240 | 195836 |
| 4.50%, 03/15/43 | &nbsp;&nbsp; 149 | 128378 |
| 4.55%, 03/15/52 | &nbsp;&nbsp; 204 | 167124 |
| 5.00%, 03/15/44 | &nbsp;&nbsp; 287 | 260912 |
| 5.45%, 10/01/43 | &nbsp;&nbsp; 180 | 172703 |
| 7.50%, 08/15/38 | &nbsp;&nbsp; 259 | 303850 |
| Sprint Capital Corp., 8.75%, 03/15/32 | &nbsp;&nbsp; 270 | 329681 |
| Telefonica Emisiones SA |  |  |
| 4.67%, 03/06/38 | &nbsp;&nbsp; 75 | 69700 |
| 4.90%, 03/06/48 | &nbsp;&nbsp; 213 | 182939 |
| 5.21%, 03/08/47 | &nbsp;&nbsp; 499 | 447794 |
| 5.52%, 03/01/49 | &nbsp;&nbsp; 165 | 153856 |
| 7.05%, 06/20/36 | &nbsp;&nbsp; 639 | 722969 |
| Telefonica Europe BV, 8.25%, 09/15/30 | &nbsp;&nbsp; 421 | 486005 |
| TELUS Corp. |  |  |
| 3.70%, 09/15/27 | &nbsp;&nbsp; 821 | 816318 |
| 4.60%, 11/16/48<sup>(a)</sup> | &nbsp;&nbsp; 20 | 17401 |
| T-Mobile USA, Inc. |  |  |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 60 | 57732 |
| 2.88%, 02/15/31 | &nbsp;&nbsp; 530 | 497622 |
| 3.00%, 02/15/41 | &nbsp;&nbsp; 210 | 159664 |
| 3.30%, 02/15/51 | &nbsp;&nbsp; 811 | 551196 |
| 3.40%, 10/15/52 | &nbsp;&nbsp; 630 | 429187 |
| 3.50%, 04/15/31 | &nbsp;&nbsp; 910 | 878567 |
| 3.60%, 11/15/60 | &nbsp;&nbsp; 649 | 436583 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 537 | 532822 |
| 4.38%, 04/15/40 | &nbsp;&nbsp; 330 | 301361 |
| 4.50%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 858 | 719743 |
| 5.20%, 01/15/33 | &nbsp;&nbsp; 104 | 108176 |
| 5.65%, 01/15/53 | &nbsp;&nbsp; 225 | 219961 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 231 | 230378 |
| Verizon Communications, Inc. |  |  |
| 2.36%, 03/15/32 | &nbsp;&nbsp; 395 | 352440 |
| 2.55%, 03/21/31 | &nbsp;&nbsp; 355 | 328390 |
| 2.88%, 11/20/50 | &nbsp;&nbsp; 473 | 299269 |
| 2.99%, 10/30/56 | &nbsp;&nbsp; 817 | 497465 |
| 3.00%, 11/20/60<sup>(a)</sup> | &nbsp;&nbsp; 542 | 323111 |
| 3.15%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp; 25 | 24192 |
| 3.55%, 03/22/51 | &nbsp;&nbsp; 727 | 526805 |
| 3.70%, 03/22/61 | &nbsp;&nbsp; 816 | 563275 |
| 3.85%, 11/01/42<sup>(a)</sup> | &nbsp;&nbsp; 183 | 150681 |
| 3.88%, 02/08/29 | &nbsp;&nbsp; 27 | 27019 |
| 4.00%, 03/22/50 | &nbsp;&nbsp; 112 | 87864 |
| 4.02%, 12/03/29<sup>(a)</sup> | &nbsp;&nbsp; 129 | 129120 |
| 4.13%, 08/15/46<sup>(a)</sup> | &nbsp;&nbsp; 185 | 151377 |
| 4.27%, 01/15/36 | &nbsp;&nbsp; 888 | 842979 |
| 4.33%, 09/21/28<sup>(a)</sup> | &nbsp;&nbsp; 56 | 56587 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 711 | 695806 |
| 4.50%, 08/10/33 | &nbsp;&nbsp; 752 | 749700 |
| 4.52%, 09/15/48 | &nbsp;&nbsp; 505 | 429073 |
| 4.67%, 03/15/55 | &nbsp;&nbsp; 405 | 341650 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 4.75%, 11/01/41 | &nbsp;&nbsp; $276 | $255907 |
| 4.81%, 03/15/39 | &nbsp;&nbsp; 432 | 416654 |
| 4.86%, 08/21/46 | &nbsp;&nbsp; 727 | 654240 |
| 5.01%, 04/15/49 | &nbsp;&nbsp; 208 | 189667 |
| 5.01%, 08/21/54 | &nbsp;&nbsp; 390 | 347689 |
| 5.25%, 03/16/37 | &nbsp;&nbsp; 841 | 856233 |
| 5.40%, 07/02/37 | &nbsp;&nbsp; 74 | 75999 |
| 5.50%, 03/16/47 | &nbsp;&nbsp; 432 | 426902 |
| 5.85%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 135 | 146196 |
| 5.88%, 11/30/55 | &nbsp;&nbsp; 275 | 276299 |
| 6.00%, 11/30/65 | &nbsp;&nbsp; 625 | 627308 |
| 6.40%, 09/15/33 | &nbsp;&nbsp; 135 | 150763 |
| 6.55%, 09/15/43 | &nbsp;&nbsp; 335 | 372794 |
| 7.75%, 12/01/30 | &nbsp;&nbsp; 140 | 161289 |
| Vodafone Group PLC |  |  |
| 4.25%, 09/17/50 | &nbsp;&nbsp; 211 | 169307 |
| 4.38%, 05/30/28 | &nbsp;&nbsp; 30 | 30465 |
| 4.38%, 02/19/43 | &nbsp;&nbsp; 340 | 296163 |
| 4.88%, 06/19/49 | &nbsp;&nbsp; 469 | 418617 |
| 5.00%, 05/30/38 | &nbsp;&nbsp; 140 | 140426 |
| 5.25%, 05/30/48<sup>(a)</sup> | &nbsp;&nbsp; 558 | 525554 |
| 6.15%, 02/27/37<sup>(a)</sup> | &nbsp;&nbsp; 287 | 315940 |
| 6.25%, 11/30/32 | &nbsp;&nbsp; 407 | 447296 |
| 7.88%, 02/15/30 | &nbsp;&nbsp; 636 | 725468 |
|  |  | 50275830 |
| **Toys, Games & Hobbies — 0.2%** | **Toys, Games & Hobbies — 0.2%** | **Toys, Games & Hobbies — 0.2%** |
| Hasbro, Inc. |  |  |
| 3.50%, 09/15/27 | &nbsp;&nbsp; 627 | 622662 |
| 3.90%, 11/19/29 | &nbsp;&nbsp; 1155 | 1145025 |
| 6.05%, 05/14/34<sup>(a)</sup> | &nbsp;&nbsp; 449 | 482166 |
| 6.35%, 03/15/40 | &nbsp;&nbsp; 25 | 27013 |
| Mattel, Inc., 5.45%, 11/01/41<sup>(a)</sup> | &nbsp;&nbsp; 35 | 33148 |
|  |  | 2310014 |
| **Transportation — 2.1%** | **Transportation — 2.1%** | **Transportation — 2.1%** |
| Burlington Northern Santa Fe LLC |  |  |
| 3.05%, 02/15/51 | &nbsp;&nbsp; 334 | 224385 |
| 3.55%, 02/15/50 | &nbsp;&nbsp; 323 | 241117 |
| 3.90%, 08/01/46 | &nbsp;&nbsp; 160 | 130594 |
| 4.05%, 06/15/48 | &nbsp;&nbsp; 225 | 184881 |
| 4.13%, 06/15/47 | &nbsp;&nbsp; 205 | 171887 |
| 4.15%, 12/15/48 | &nbsp;&nbsp; 224 | 186684 |
| 4.38%, 09/01/42 | &nbsp;&nbsp; 18 | 16198 |
| 4.40%, 03/15/42 | &nbsp;&nbsp; 10 | 9095 |
| 4.70%, 09/01/45 | &nbsp;&nbsp; 118 | 108727 |
| 4.90%, 04/01/44 | &nbsp;&nbsp; 30 | 28581 |
| 4.95%, 09/15/41 | &nbsp;&nbsp; 15 | 14793 |
| 5.05%, 03/01/41 | &nbsp;&nbsp; 45 | 45004 |
| 5.40%, 06/01/41 | &nbsp;&nbsp; 45 | 46371 |
| 5.75%, 05/01/40 | &nbsp;&nbsp; 56 | 59846 |
| 6.15%, 05/01/37 | &nbsp;&nbsp; 30 | 33628 |
| 6.20%, 08/15/36 | &nbsp;&nbsp; 20 | 22379 |
| Canadian National Railway Co. |  |  |
| 2.45%, 05/01/50 | &nbsp;&nbsp; 442 | 268676 |
| 3.20%, 08/02/46 | &nbsp;&nbsp; 441 | 325617 |
| 3.65%, 02/03/48<sup>(a)</sup> | &nbsp;&nbsp; 459 | 355770 |
| 4.20%, 03/12/31 | &nbsp;&nbsp; 75 | 75488 |
| 4.38%, 09/18/34<sup>(a)</sup> | &nbsp;&nbsp; 150 | 149168 |
| 4.45%, 01/20/49 | &nbsp;&nbsp; 315 | 274695 |
| 4.75%, 11/12/35<sup>(a)</sup> | &nbsp;&nbsp; 75 | 76116 |
| 6.20%, 06/01/36 | &nbsp;&nbsp; 233 | 260655 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 6.25%, 08/01/34 | &nbsp;&nbsp; $223 | $249634 |
| 6.38%, 11/15/37 | &nbsp;&nbsp; 252 | 286069 |
| 6.90%, 07/15/28 | &nbsp;&nbsp; 60 | 64135 |
| Canadian Pacific Railway Co. |  |  |
| 2.05%, 03/05/30 | &nbsp;&nbsp; 112 | 103930 |
| 3.10%, 12/02/51 | &nbsp;&nbsp; 578 | 394514 |
| 4.00%, 06/01/28 | &nbsp;&nbsp; 20 | 20052 |
| 4.20%, 11/15/69 | &nbsp;&nbsp; 159 | 121826 |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 93 | 94399 |
| 4.80%, 08/01/45 | &nbsp;&nbsp; 195 | 184184 |
| 5.95%, 05/15/37<sup>(a)</sup> | &nbsp;&nbsp; 51 | 55945 |
| 6.13%, 09/15/2115 | &nbsp;&nbsp; 226 | 234396 |
| 7.13%, 10/15/31 | &nbsp;&nbsp; 82 | 93592 |
| CH Robinson Worldwide, Inc., 4.20%, 04/15/28 | &nbsp;&nbsp; 2834 | 2841624 |
| CSX Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 298 | 281217 |
| 3.25%, 06/01/27 | &nbsp;&nbsp; 10 | 9937 |
| 3.35%, 09/15/49 | &nbsp;&nbsp; 199 | 142941 |
| 3.80%, 03/01/28 | &nbsp;&nbsp; 53 | 53038 |
| 3.80%, 11/01/46 | &nbsp;&nbsp; 301 | 240487 |
| 3.80%, 04/15/50 | &nbsp;&nbsp; 198 | 153821 |
| 3.95%, 05/01/50 | &nbsp;&nbsp; 249 | 197188 |
| 4.10%, 03/15/44 | &nbsp;&nbsp; 288 | 247873 |
| 4.25%, 03/15/29 | &nbsp;&nbsp; 243 | 246068 |
| 4.25%, 11/01/66 | &nbsp;&nbsp; 297 | 232515 |
| 4.30%, 03/01/48 | &nbsp;&nbsp; 309 | 263075 |
| 4.40%, 03/01/43 | &nbsp;&nbsp; 94 | 85214 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 188 | 163650 |
| 4.50%, 08/01/54 | &nbsp;&nbsp; 222 | 190353 |
| 4.65%, 03/01/68 | &nbsp;&nbsp; 80 | 67137 |
| 4.75%, 05/30/42 | &nbsp;&nbsp; 204 | 192636 |
| 4.75%, 11/15/48 | &nbsp;&nbsp; 214 | 192967 |
| 5.50%, 04/15/41 | &nbsp;&nbsp; 168 | 174459 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 116 | 127298 |
| 6.15%, 05/01/37 | &nbsp;&nbsp; 250 | 277581 |
| 6.22%, 04/30/40 | &nbsp;&nbsp; 145 | 161290 |
| FedEx Corp. |  |  |
| 3.10%, 08/05/29 | &nbsp;&nbsp; 159 | 154224 |
| 3.25%, 05/15/41 | &nbsp;&nbsp; 20 | 15749 |
| 4.25%, 05/15/30 | &nbsp;&nbsp; 168 | 169512 |
| 4.75%, 11/15/45 | &nbsp;&nbsp; 303 | 270668 |
| 4.95%, 10/17/48 | &nbsp;&nbsp; 5 | 4560 |
| 5.25%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 175 | 167614 |
| GXO Logistics, Inc. |  |  |
| 2.65%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 647 | 591950 |
| 6.50%, 05/06/34 | &nbsp;&nbsp; 40 | 43601 |
| Norfolk Southern Corp. |  |  |
| 2.55%, 11/01/29 | &nbsp;&nbsp; 163 | 155376 |
| 2.90%, 08/25/51 | &nbsp;&nbsp; 220 | 140721 |
| 3.16%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 250 | 163958 |
| 3.40%, 11/01/49 | &nbsp;&nbsp; 174 | 125494 |
| 3.70%, 03/15/53 | &nbsp;&nbsp; 85 | 62730 |
| 3.80%, 08/01/28 | &nbsp;&nbsp; 335 | 334843 |
| 3.94%, 11/01/47 | &nbsp;&nbsp; 359 | 287763 |
| 3.95%, 10/01/42 | &nbsp;&nbsp; 183 | 155168 |
| 4.05%, 08/15/52 | &nbsp;&nbsp; 455 | 358896 |
| 4.10%, 05/15/49 | &nbsp;&nbsp; 131 | 106109 |
| 4.10%, 05/15/2121 | &nbsp;&nbsp; 168 | 117519 |
| 4.15%, 02/28/48 | &nbsp;&nbsp; 263 | 217025 |
| 4.45%, 06/15/45 | &nbsp;&nbsp; 148 | 130252 |
| 4.65%, 01/15/46 | &nbsp;&nbsp; 153 | 136967 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 4.84%, 10/01/41<sup>(a)</sup> | &nbsp;&nbsp; $308 | $295209 |
| 5.10%, 08/01/2118 | &nbsp;&nbsp; 85 | 74761 |
| Ryder System, Inc. |  |  |
| 2.85%, 03/01/27 | &nbsp;&nbsp; 120 | 118818 |
| 4.30%, 06/15/27 | &nbsp;&nbsp; 63 | 63261 |
| 4.30%, 12/01/30 | &nbsp;&nbsp; 90 | 90352 |
| 4.85%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 115 | 118075 |
| 4.90%, 12/01/29 | &nbsp;&nbsp; 35 | 35952 |
| 4.95%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 590 | 605378 |
| 5.00%, 03/15/30 | &nbsp;&nbsp; 760 | 782578 |
| 5.25%, 06/01/28 | &nbsp;&nbsp; 1138 | 1169353 |
| 5.30%, 03/15/27 | &nbsp;&nbsp; 575 | 582530 |
| 5.38%, 03/15/29 | &nbsp;&nbsp; 135 | 139997 |
| 5.50%, 06/01/29 | &nbsp;&nbsp; 337 | 351214 |
| 5.65%, 03/01/28 | &nbsp;&nbsp; 475 | 489530 |
| 6.30%, 12/01/28 | &nbsp;&nbsp; 530 | 560871 |
| 6.60%, 12/01/33 | &nbsp;&nbsp; 1108 | 1248109 |
| Union Pacific Corp. |  |  |
| 2.95%, 03/10/52 | &nbsp;&nbsp; 360 | 233299 |
| 2.97%, 09/16/62 | &nbsp;&nbsp; 247 | 148257 |
| 3.25%, 02/05/50 | &nbsp;&nbsp; 519 | 364540 |
| 3.35%, 08/15/46<sup>(a)</sup> | &nbsp;&nbsp; 168 | 124751 |
| 3.38%, 02/01/35<sup>(a)</sup> | &nbsp;&nbsp; 95 | 87035 |
| 3.50%, 02/14/53 | &nbsp;&nbsp; 234 | 168950 |
| 3.55%, 08/15/39 | &nbsp;&nbsp; 35 | 30397 |
| 3.55%, 05/20/61 | &nbsp;&nbsp; 134 | 92385 |
| 3.60%, 09/15/37<sup>(a)</sup> | &nbsp;&nbsp; 15 | 13546 |
| 3.75%, 02/05/70 | &nbsp;&nbsp; 260 | 179894 |
| 3.80%, 10/01/51 | &nbsp;&nbsp; 391 | 300240 |
| 3.80%, 04/06/71 | &nbsp;&nbsp; 216 | 151569 |
| 3.84%, 03/20/60 | &nbsp;&nbsp; 331 | 243621 |
| 3.85%, 02/14/72 | &nbsp;&nbsp; 122 | 86109 |
| 3.88%, 02/01/55 | &nbsp;&nbsp; 258 | 197255 |
| 3.95%, 09/10/28 | &nbsp;&nbsp; 5 | 5022 |
| 3.95%, 08/15/59 | &nbsp;&nbsp; 273 | 207511 |
| 4.00%, 04/15/47 | &nbsp;&nbsp; 158 | 129367 |
| 4.05%, 11/15/45<sup>(a)</sup> | &nbsp;&nbsp; 202 | 169089 |
| 4.05%, 03/01/46 | &nbsp;&nbsp; 245 | 203347 |
| 4.10%, 09/15/67 | &nbsp;&nbsp; 226 | 169710 |
| 4.30%, 03/01/49 | &nbsp;&nbsp; 243 | 205991 |
| 4.50%, 09/10/48 | &nbsp;&nbsp; 243 | 212923 |
| 5.10%, 02/20/35 | &nbsp;&nbsp; 200 | 208563 |
| 6.63%, 02/01/29 | &nbsp;&nbsp; 28 | 30291 |
| United Parcel Service, Inc. |  |  |
| 2.50%, 09/01/29 | &nbsp;&nbsp; 20 | 19169 |
| 3.40%, 03/15/29 | &nbsp;&nbsp; 12 | 11892 |
| 3.40%, 11/15/46 | &nbsp;&nbsp; 142 | 107121 |
| 3.40%, 09/01/49 | &nbsp;&nbsp; 287 | 208448 |
| 3.63%, 10/01/42 | &nbsp;&nbsp; 126 | 103624 |
| 3.75%, 11/15/47 | &nbsp;&nbsp; 440 | 345753 |
| 4.25%, 03/15/49 | &nbsp;&nbsp; 336 | 280940 |
| 4.45%, 04/01/30 | &nbsp;&nbsp; 112 | 114571 |
| 4.88%, 11/15/40 | &nbsp;&nbsp; 393 | 387459 |
| 5.20%, 04/01/40<sup>(a)</sup> | &nbsp;&nbsp; 190 | 194962 |
| 5.30%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 150 | 145995 |
| 6.20%, 01/15/38 | &nbsp;&nbsp; 734 | 824972 |
|  |  | 29100655 |
| **Trucking & Leasing — 0.2%** | **Trucking & Leasing — 0.2%** | **Trucking & Leasing — 0.2%** |
| GATX Corp. |  |  |
| 1.90%, 06/01/31 | &nbsp;&nbsp; 15 | 13307 |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 187 | 123006 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Trucking & Leasing (continued)** | **Trucking & Leasing (continued)** | **Trucking & Leasing (continued)** |
| 3.50%, 03/15/28 | &nbsp;&nbsp; $84 | $83121 |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 260 | 246070 |
| 3.85%, 03/30/27 | &nbsp;&nbsp; 48 | 47915 |
| 4.55%, 11/07/28 | &nbsp;&nbsp; 128 | 129656 |
| 4.70%, 04/01/29 | &nbsp;&nbsp; 153 | 155734 |
| 4.90%, 03/15/33 | &nbsp;&nbsp; 340 | 345682 |
| 5.20%, 03/15/44<sup>(a)</sup> | &nbsp;&nbsp; 127 | 122224 |
| 5.40%, 03/15/27 | &nbsp;&nbsp; 25 | 25357 |
| 5.45%, 09/15/33 | &nbsp;&nbsp; 285 | 298851 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 85 | 88319 |
| 6.05%, 03/15/34 | &nbsp;&nbsp; 487 | 528256 |
| 6.05%, 06/05/54 | &nbsp;&nbsp; 465 | 480217 |
| 6.90%, 05/01/34 | &nbsp;&nbsp; 382 | 433753 |
|  |  | 3121468 |
| **Water — 0.2%** | **Water — 0.2%** | **Water — 0.2%** |
| American Water Capital Corp. |  |  |
| 2.80%, 05/01/30 | &nbsp;&nbsp; 106 | 101364 |
| 2.95%, 09/01/27<sup>(a)</sup> | &nbsp;&nbsp; 28 | 27674 |
| 3.45%, 06/01/29 | &nbsp;&nbsp; 25 | 24674 |
| 3.45%, 05/01/50 | &nbsp;&nbsp; 417 | 301666 |
| 3.75%, 09/01/28 | &nbsp;&nbsp; 124 | 123851 |
| 3.75%, 09/01/47 | &nbsp;&nbsp; 114 | 88796 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 211 | 169799 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 296 | 240514 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 254 | 210299 |
| 4.30%, 12/01/42 | &nbsp;&nbsp; 122 | 109362 |
| 6.59%, 10/15/37<sup>(a)</sup> | &nbsp;&nbsp; 192 | 220846 |
| Essential Utilities, Inc. |  |  |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 124 | 117301 |
| 3.35%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 251 | 175873 |
| 3.57%, 05/01/29 | &nbsp;&nbsp; 109 | 107402 |
| 4.28%, 05/01/49 | &nbsp;&nbsp; 313 | 257930 |
| 4.80%, 08/15/27 | &nbsp;&nbsp; 50 | 50557 |
| 5.25%, 08/15/35 | &nbsp;&nbsp; 50 | 51300 |
| 5.30%, 05/01/52 | &nbsp;&nbsp; 262 | 247099 |
| 5.38%, 01/15/34 | &nbsp;&nbsp; 50 | 52028 |
| United Utilities PLC, 6.88%, 08/15/28 | &nbsp;&nbsp; 73 | 77675 |
|  |  | 2756010 |
| **Total Long-Term Investments — 98.3%** <br>**(Cost: $1,431,958,562)** | **Total Long-Term Investments — 98.3%** <br>**(Cost: $1,431,958,562)** | 1380933237 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 7.8%** | **Money Market Funds — 7.8%** | **Money Market Funds — 7.8%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(e)(f)(g)</sup><br>| &nbsp;&nbsp; 101148418 | 101198992 |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(e)(f)</sup><br>| &nbsp;&nbsp; 8610000 | 8610000 |
| **Total Short-Term Securities — 7.8%** <br>**(Cost: $109,776,270)** | **Total Short-Term Securities — 7.8%** <br>**(Cost: $109,776,270)** | 109808992 |
| **Total Investments — 106.1%** <br>**(Cost: $1,541,734,832)** | **Total Investments — 106.1%** <br>**(Cost: $1,541,734,832)** | 1490742229 |
| **Liabilities in Excess of Other Assets — (6.1)%** | **Liabilities in Excess of Other Assets — (6.1)%** | (86065176)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1404677053 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Aware USD Corporate Bond ETF** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(d)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(e)</sup> Affiliate of the Fund.

<sup>(f)</sup> Annualized 7-day yield as of period end.

<sup>(g)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $92177448<br> $9023130 <br><sup>(a)</sup><br>| $— | $(2126)<br>| $540 | $101198992 | 101148418 | $190529 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| 3080000<br> 5530000 <br><sup>(a)</sup><br>|  |  |  | 8610000 | 8610000 | 186797 |  |
|  |  |  | $(2126) | $540 | $109808992 |  | $377326 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1380933237 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1380933237 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 109808992 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 109808992 |
|  | &nbsp;&nbsp; $109808992 | &nbsp;&nbsp; $1380933237 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1490742229 |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Assets and Liabilities

February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; iShares <br>ESG Aware 1-5 <br> Year USD <br> Corporate <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>ESG Aware <br> U.S. Aggregate <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>ESG Aware <br> USD Corporate <br> Bond ETF <br>|
| **ASSETS** |  |  |  |
| Investments, at value—unaffiliated<sup>(a)(b)</sup> | $1074436077 | $4570556677 | $1380933237 |
| Investments, at value—affiliated<sup>(c)</sup> | 54031658 | 235508717 | 109808992 |
| Cash | 3060 |  | 756845 |
| Foreign currency, at value<sup>(d)</sup> |  | 5 |  |
| Receivables: |  |  |  |
| Investments sold | 35716250 | 40910271 | 11535747 |
| Securities lending income—affiliated | 15604 | 5354 | 21170 |
| TBA sales commitments |  | 4454703 |  |
| Capital shares sold | 35341 | 2348180 |  |
| Dividends—affiliated | 7792 | 603869 | 17798 |
| Interest—unaffiliated | 11941864 | 36282018 | 17591195 |
| Total assets | 1176187646 | 4890669794 | 1520664984 |
| **LIABILITIES** |  |  |  |
| Bank overdraft |  | 1338283 |  |
| Cash received as collateral for TBA commitments |  | 614013 |  |
| Collateral on securities loaned, at value | 51663501 | 14527245 | 101215837 |
| TBA sales commitments, at value<sup>(e)</sup> |  | 4459397 |  |
| Payables: |  |  |  |
| Investments purchased | 32138253 | 236948394 | 14582515 |
| Investment advisory fees | 99439 | 337356 | 189579 |
| Total liabilities | 83901193 | 258224688 | 115987931 |
| **Commitments and contingent liabilities** |  |  |  |
| NET ASSETS | $1092286453 | $4632445106 | $1404677053 |
| **NET ASSETS CONSIST OF** |  |  |  |
| Paid-in capital | $1104575845 | $4802796074 | $1499374742 |
| Accumulated loss | (12289392) | (170350968) | (94697689) |
| NET ASSETS | $1092286453 | $4632445106 | $1404677053 |
| **NET ASSET VALUE** |  |  |  |
| Shares outstanding | 43050000 | 95400000 | 59400000 |
| Net asset value | $25.37 | $48.56 | $23.65 |
| Shares authorized | Unlimited | Unlimited | Unlimited |
| Par value |  |  |  |
| <sup>(a)</sup> Investments, at cost—unaffiliated | $1054701017 | $4669511742 | $1431958562 |
| <sup>(b)</sup> Securities loaned, at value | $50038704 | $14142485 | $97817699 |
| <sup>(c)</sup> Investments, at cost—affiliated | $54015347 | $235427673 | $109776270 |
| <sup>(d)</sup> Foreign currency, at cost | $— | $5 | $— |
| <sup>(e)</sup> Proceeds from TBA sales commitments | $— | $4454703 | $— |

---

*See notes to financial statements.*

Statements of Assets and Liabilities

------

Statements of Operations

Year Ended February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | iShares <br>ESG Aware 1-5 <br> Year USD <br> Corporate <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>ESG Aware <br> U.S. Aggregate <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>ESG Aware <br> USD Corporate <br> Bond ETF <br>|
| **INVESTMENT INCOME** |  |  |  |
| Dividends—affiliated | &nbsp;&nbsp; $158182 | &nbsp;&nbsp;&nbsp; $6964525 | &nbsp;&nbsp;&nbsp; $186797 |
| Interest—unaffiliated | &nbsp;&nbsp; 46207585 | &nbsp;&nbsp;&nbsp; 160715561 | &nbsp;&nbsp;&nbsp; 55987894 |
| Securities lending income—affiliated—net | &nbsp;&nbsp; 116776 | &nbsp;&nbsp;&nbsp; 51114 | &nbsp;&nbsp;&nbsp; 190529 |
| Other income—unaffiliated | &nbsp;&nbsp; 89428 | &nbsp;&nbsp;&nbsp; 79538 | &nbsp;&nbsp;&nbsp; 97033 |
| Total investment income | &nbsp;&nbsp; 46571971 | &nbsp;&nbsp;&nbsp; 167810738 | &nbsp;&nbsp;&nbsp; 56462253 |
| EXPENSES |  |  |  |
| Investment advisory | &nbsp;&nbsp; 1217275 | &nbsp;&nbsp;&nbsp; 4112845 | &nbsp;&nbsp;&nbsp; 2196400 |
| Total expenses | &nbsp;&nbsp; 1217275 | &nbsp;&nbsp;&nbsp; 4112845 | &nbsp;&nbsp;&nbsp; 2196400 |
| Less: |  |  |  |
| Investment advisory fees waived | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (147739)<br>| &nbsp;&nbsp;&nbsp; — |
| Total expenses after fees waived | &nbsp;&nbsp; 1217275 | &nbsp;&nbsp;&nbsp; 3965106 | &nbsp;&nbsp;&nbsp; 2196400 |
| Net investment income | &nbsp;&nbsp; 45354696 | &nbsp;&nbsp;&nbsp; 163845632 | &nbsp;&nbsp;&nbsp; 54265853 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |
| Net realized gain (loss) from: |  |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; (1297468)<br>| &nbsp;&nbsp;&nbsp; (5812816)<br>| &nbsp;&nbsp;&nbsp; (3213583)<br>|
| Investments—affiliated | &nbsp;&nbsp; 1230 | &nbsp;&nbsp;&nbsp; 4520 | &nbsp;&nbsp;&nbsp; (2126)<br>|
| In-kind redemptions—unaffiliated<sup>(a)</sup> | &nbsp;&nbsp; 342507 | &nbsp;&nbsp;&nbsp; (1367727)<br>| &nbsp;&nbsp;&nbsp; 125573 |
|  | &nbsp;&nbsp; (953731)<br>| &nbsp;&nbsp;&nbsp; (7176023)<br>| &nbsp;&nbsp;&nbsp; (3090136)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; 16655818 | &nbsp;&nbsp;&nbsp; 97732390 | &nbsp;&nbsp;&nbsp; 27106394 |
| Investments—affiliated | &nbsp;&nbsp; 510 | &nbsp;&nbsp;&nbsp; (157)<br>| &nbsp;&nbsp;&nbsp; 540 |
|  | &nbsp;&nbsp; 16656328 | &nbsp;&nbsp;&nbsp; 97732233 | &nbsp;&nbsp;&nbsp; 27106934 |
| Net realized and unrealized gain | &nbsp;&nbsp; 15702597 | &nbsp;&nbsp;&nbsp; 90556210 | &nbsp;&nbsp;&nbsp; 24016798 |
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | &nbsp;&nbsp; $61057293 | &nbsp;&nbsp;&nbsp; $254401842 | &nbsp;&nbsp;&nbsp; $78282651 |
| <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | iShares <br>ESG Aware 1-5 Year USD Corporate Bond <br> ETF  | iShares <br>ESG Aware 1-5 Year USD Corporate Bond <br> ETF  | iShares <br>ESG Aware U.S. Aggregate Bond ETF  | iShares <br>ESG Aware U.S. Aggregate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |  |  |
| **OPERATIONS** |  |  |  |  |
| Net investment income | &nbsp;&nbsp; $45354696 | &nbsp;&nbsp;&nbsp; $36688831 | &nbsp;&nbsp;&nbsp; $163845632 | &nbsp;&nbsp;&nbsp; $140104887 |
| Net realized loss | &nbsp;&nbsp; (953731)<br>| &nbsp;&nbsp;&nbsp; (6960182)<br>| &nbsp;&nbsp;&nbsp; (7176023)<br>| &nbsp;&nbsp;&nbsp; (19589239)<br>|
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 16656328 | &nbsp;&nbsp;&nbsp; 27854367 | &nbsp;&nbsp;&nbsp; 97732233 | &nbsp;&nbsp;&nbsp; 76107444 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 61057293 | &nbsp;&nbsp;&nbsp; 57583016 | &nbsp;&nbsp;&nbsp; 254401842 | &nbsp;&nbsp;&nbsp; 196623092 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(a)</sup> <br>|  |  |  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (44908801)<br>| &nbsp;&nbsp;&nbsp; (35770824)<br>| &nbsp;&nbsp;&nbsp; (161224184)<br>| &nbsp;&nbsp;&nbsp; (139444665)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |  |  |
| Net increase in net assets derived from capital share transactions | &nbsp;&nbsp; 102130612 | &nbsp;&nbsp;&nbsp; 86847422 | &nbsp;&nbsp;&nbsp; 667999589 | &nbsp;&nbsp;&nbsp; 254149508 |
| *NET ASSETS* |  |  |  |  |
| Total increase in net assets | &nbsp;&nbsp; 118279104 | &nbsp;&nbsp;&nbsp; 108659614 | &nbsp;&nbsp;&nbsp; 761177247 | &nbsp;&nbsp;&nbsp; 311327935 |
| Beginning of year | &nbsp;&nbsp; 974007349 | &nbsp;&nbsp;&nbsp; 865347735 | &nbsp;&nbsp;&nbsp; 3871267859 | &nbsp;&nbsp;&nbsp; 3559939924 |
| End of year | &nbsp;&nbsp; $1092286453 | &nbsp;&nbsp;&nbsp; $974007349 | &nbsp;&nbsp;&nbsp; $4632445106 | &nbsp;&nbsp;&nbsp; $3871267859 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

Statements of Changes in Net Assets

------

Statements of Changes in Net Assets(continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | iShares <br>ESG Aware USD Corporate Bond ETF  | iShares <br>ESG Aware USD Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |
| **OPERATIONS** |  |  |
| Net investment income | &nbsp;&nbsp; $54265853 | &nbsp;&nbsp;&nbsp; $47923273 |
| Net realized loss | &nbsp;&nbsp; (3090136)<br>| &nbsp;&nbsp;&nbsp; (5930695)<br>|
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 27106934 | &nbsp;&nbsp;&nbsp; 25477085 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 78282651 | &nbsp;&nbsp;&nbsp; 67469663 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(a)</sup> <br>|  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (53336250)<br>| &nbsp;&nbsp;&nbsp; (47642307)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |
| Net increase in net assets derived from capital share transactions | &nbsp;&nbsp; 248692178 | &nbsp;&nbsp;&nbsp; 90777953 |
| *NET ASSETS* |  |  |
| Total increase in net assets | &nbsp;&nbsp; 273638579 | &nbsp;&nbsp;&nbsp; 110605309 |
| Beginning of year | &nbsp;&nbsp; 1131038474 | &nbsp;&nbsp;&nbsp; 1020433165 |
| End of year | &nbsp;&nbsp; $1404677053 | &nbsp;&nbsp;&nbsp; $1131038474 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares ESG Aware 1-5 Year USD Corporate Bond ETF  | iShares ESG Aware 1-5 Year USD Corporate Bond ETF  | iShares ESG Aware 1-5 Year USD Corporate Bond ETF  | iShares ESG Aware 1-5 Year USD Corporate Bond ETF  | iShares ESG Aware 1-5 Year USD Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $24.97 | &nbsp;&nbsp;&nbsp; $24.38 | &nbsp;&nbsp;&nbsp; $23.78 | &nbsp;&nbsp;&nbsp; $25.11 | &nbsp;&nbsp;&nbsp; $26.05 |
| Net investment income<sup>(a)</sup> | 1.12 | &nbsp;&nbsp;&nbsp;&nbsp;0.99 | &nbsp;&nbsp;&nbsp;&nbsp;0.71 | &nbsp;&nbsp;&nbsp;&nbsp;0.44 | &nbsp;&nbsp;&nbsp;&nbsp;0.27 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.56 | &nbsp;&nbsp;&nbsp;&nbsp;0.59 | &nbsp;&nbsp;&nbsp; (1.33)<br>| &nbsp;&nbsp;&nbsp; (0.88)<br>|
| Net increase (decrease) from investment operations | 1.52 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.30 | &nbsp;&nbsp;&nbsp; (0.89)<br>| &nbsp;&nbsp;&nbsp; (0.61)<br>|
| **Distributions**<sup>(c)</sup> <br>|  |  |  |  |  |
| From net investment income | &nbsp;&nbsp; (1.12)<br>| &nbsp;&nbsp;&nbsp; (0.96)<br>| &nbsp;&nbsp;&nbsp; (0.70)<br>| &nbsp;&nbsp;&nbsp; (0.44)<br>| &nbsp;&nbsp;&nbsp; (0.29)<br>|
| From net realized gain | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.04)<br>|
| Total distributions | &nbsp;&nbsp; (1.12)<br>| &nbsp;&nbsp;&nbsp; (0.96)<br>| &nbsp;&nbsp;&nbsp; (0.70)<br>| &nbsp;&nbsp;&nbsp; (0.44)<br>| &nbsp;&nbsp;&nbsp; (0.33)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $25.37 | &nbsp;&nbsp;&nbsp; $24.97 | &nbsp;&nbsp;&nbsp; $24.38 | &nbsp;&nbsp;&nbsp; $23.78 | &nbsp;&nbsp;&nbsp; $25.11 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 6.17<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.54<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.58<br> %<br>| &nbsp;&nbsp;&nbsp; (3.58)%<br>| &nbsp;&nbsp;&nbsp; (2.33)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br> %<br>|
| Net investment income | 4.47<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.99<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.96<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.83<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.06<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $1092286 | &nbsp;&nbsp;&nbsp; $974007 | &nbsp;&nbsp;&nbsp; $865348 | &nbsp;&nbsp;&nbsp; $903491 | &nbsp;&nbsp;&nbsp; $1032088 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 34<br> %<br>| &nbsp;&nbsp;&nbsp; 38<br> %<br>| &nbsp;&nbsp;&nbsp; 31<br> %<br>| &nbsp;&nbsp;&nbsp; 30<br> %<br>| &nbsp;&nbsp;&nbsp; 37<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

Financial Highlights

------

Financial Highlights(continued)

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares ESG Aware U.S. Aggregate Bond ETF  | iShares ESG Aware U.S. Aggregate Bond ETF  | iShares ESG Aware U.S. Aggregate Bond ETF  | iShares ESG Aware U.S. Aggregate Bond ETF  | iShares ESG Aware U.S. Aggregate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $47.56 | &nbsp;&nbsp;&nbsp; $46.78 | &nbsp;&nbsp;&nbsp; $46.88 | &nbsp;&nbsp;&nbsp; $53.10 | &nbsp;&nbsp;&nbsp; $55.22 |
| Net investment income<sup>(a)</sup> | 1.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.83 | &nbsp;&nbsp;&nbsp;&nbsp;1.66 | &nbsp;&nbsp;&nbsp;&nbsp;1.12 | &nbsp;&nbsp;&nbsp;&nbsp;0.62 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 0.98 | &nbsp;&nbsp;&nbsp;&nbsp;0.78 | &nbsp;&nbsp;&nbsp; (0.17)<br>| &nbsp;&nbsp;&nbsp; (6.31)<br>| &nbsp;&nbsp;&nbsp; (2.15)<br>|
| Net increase (decrease) from investment operations | 2.88 | &nbsp;&nbsp;&nbsp;&nbsp;2.61 | &nbsp;&nbsp;&nbsp;&nbsp;1.49 | &nbsp;&nbsp;&nbsp; (5.19)<br>| &nbsp;&nbsp;&nbsp; (1.53)<br>|
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (1.88)<br>| &nbsp;&nbsp;&nbsp; (1.83)<br>| &nbsp;&nbsp;&nbsp; (1.59)<br>| &nbsp;&nbsp;&nbsp; (1.03)<br>| &nbsp;&nbsp;&nbsp; (0.59)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $48.56 | &nbsp;&nbsp;&nbsp; $47.56 | &nbsp;&nbsp;&nbsp; $46.78 | &nbsp;&nbsp;&nbsp; $46.88 | &nbsp;&nbsp;&nbsp; $53.10 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 6.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.70<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.22<br> %<br>| &nbsp;&nbsp;&nbsp; (9.81)%<br>| &nbsp;&nbsp;&nbsp; (2.78)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10<br> %<br>|
| Total expenses after fees waived | 0.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.09<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.09<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.09<br> %<br>|
| Net investment income | 3.98<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.89<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.31<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.13<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $4632445 | &nbsp;&nbsp;&nbsp; $3871268 | &nbsp;&nbsp;&nbsp; $3559940 | &nbsp;&nbsp;&nbsp; $2400450 | &nbsp;&nbsp;&nbsp; $1985864 |
| Portfolio turnover rate<sup>(f)(g)</sup> | &nbsp;&nbsp; 94<br> %<br>| &nbsp;&nbsp;&nbsp; 112<br> %<br>| &nbsp;&nbsp;&nbsp; 156<br> %<br>| &nbsp;&nbsp;&nbsp; 158<br> %<br>| &nbsp;&nbsp;&nbsp; 234<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |
| <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights(continued)

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares ESG Aware USD Corporate Bond ETF  | iShares ESG Aware USD Corporate Bond ETF  | iShares ESG Aware USD Corporate Bond ETF  | iShares ESG Aware USD Corporate Bond ETF  | iShares ESG Aware USD Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $23.20 | &nbsp;&nbsp;&nbsp; $22.78 | &nbsp;&nbsp;&nbsp; $22.42 | &nbsp;&nbsp;&nbsp; $25.84 | &nbsp;&nbsp;&nbsp; $27.42 |
| Net investment income<sup>(a)</sup> | 1.03 | &nbsp;&nbsp;&nbsp;&nbsp;0.99 | &nbsp;&nbsp;&nbsp;&nbsp;0.91 | &nbsp;&nbsp;&nbsp;&nbsp;0.71 | &nbsp;&nbsp;&nbsp;&nbsp;0.54 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 0.44 | &nbsp;&nbsp;&nbsp;&nbsp;0.42 | &nbsp;&nbsp;&nbsp;&nbsp;0.37 | &nbsp;&nbsp;&nbsp; (3.46)<br>| &nbsp;&nbsp;&nbsp; (1.51)<br>|
| Net increase (decrease) from investment operations | 1.47 | &nbsp;&nbsp;&nbsp;&nbsp;1.41 | &nbsp;&nbsp;&nbsp;&nbsp;1.28 | &nbsp;&nbsp;&nbsp; (2.75)<br>| &nbsp;&nbsp;&nbsp; (0.97)<br>|
| **Distributions**<sup>(c)</sup> <br>|  |  |  |  |  |
| From net investment income | &nbsp;&nbsp; (1.02)<br>| &nbsp;&nbsp;&nbsp; (0.99)<br>| &nbsp;&nbsp;&nbsp; (0.92)<br>| &nbsp;&nbsp;&nbsp; (0.67)<br>| &nbsp;&nbsp;&nbsp; (0.56)<br>|
| From net realized gain | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.05)<br>|
| Total distributions | &nbsp;&nbsp; (1.02)<br>| &nbsp;&nbsp;&nbsp; (0.99)<br>| &nbsp;&nbsp;&nbsp; (0.92)<br>| &nbsp;&nbsp;&nbsp; (0.67)<br>| &nbsp;&nbsp;&nbsp; (0.61)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $23.65 | &nbsp;&nbsp;&nbsp; $23.20 | &nbsp;&nbsp;&nbsp; $22.78 | &nbsp;&nbsp;&nbsp; $22.42 | &nbsp;&nbsp;&nbsp; $25.84 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 6.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.82<br> %<br>| &nbsp;&nbsp;&nbsp; (10.71)%<br>| &nbsp;&nbsp;&nbsp; (3.60)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.18<br> %<br>|
| Net investment income | 4.45<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.32<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.07<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.00<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $1404677 | &nbsp;&nbsp;&nbsp; $1131038 | &nbsp;&nbsp;&nbsp; $1020433 | &nbsp;&nbsp;&nbsp; $1139903 | &nbsp;&nbsp;&nbsp; $898015 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 15<br> %<br>| &nbsp;&nbsp;&nbsp; 18<br> %<br>| &nbsp;&nbsp;&nbsp; 19<br> %<br>| &nbsp;&nbsp;&nbsp; 23<br> %<br>| &nbsp;&nbsp;&nbsp; 17<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

Financial Highlights

------

*Notes to Financial Statements* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***1. ORGANIZATION***

iShares Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following funds (each, a "Fund" and collectively, the "Funds"):

---

| | |
|:---|:---|
| *iShares ETF* | *Diversification* <br>*Classification* <br>|
| ESG Aware 1-5 Year USD Corporate Bond | &nbsp;&nbsp; Diversified |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; Diversified |
| ESG Aware USD Corporate Bond | &nbsp;&nbsp; Diversified |

---

***2. SIGNIFICANT ACCOUNTING POLICIES***

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

**Investment Transactions and Income Recognition:** For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed (the "trade dates"). Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.

**Cash:** The Funds may maintain cash at their custodian which, at times may exceed United States federally insured limits. The Funds may, at times, have outstanding cash disbursements that exceed deposited cash amounts at the custodian during the reporting period. The Funds are obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statements of Operations.

**Collateralization:** If required by an exchange or counterparty agreement, the Funds may be required to deliver/deposit cash and/or securities to/with an exchange, or broker-dealer or custodian as collateral for certain investments.

**In-kind Redemptions:** For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds' tax year. These reclassifications have no effect on net assets or net asset value ("NAV") per share.

**Distributions:** Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds.

**Indemnifications:** In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds' maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

**Segment Reporting:** The Chief Financial Officer acts as the Funds' Chief Operating Decision Maker ("CODM") and is responsible for assessing performance and allocating resources with respect to each Fund. The CODM has concluded that each Fund operates as a single operating segment since each Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within each Fund's financial statements.

**Recent Accounting Standard:** The Funds adopted Financial Accounting Standards Board Update 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures ("ASU 2023-09") during the period. ASU 2023-09 enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The Funds' adoption of the new standard did not have a material impact on financial statement disclosures and did not affect each Fund's financial position or results of operations.

***3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS***

**Investment Valuation Policies:** Each Fund's investments are valued at fair value (also referred to as "market value" within the financial statements) each day that the Fund's listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Trustees of the Trust (the "Board") of each Fund has approved the designation of BlackRock Fund Advisors ("BFA"), the Funds' investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA's policies. If a security's market price is not readily available or does not

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA's policies and procedures as reflecting fair value. BFA has formed a committee (the "Valuation Committee") to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

**Fair Value Inputs and Methodologies:** The following methods and inputs are used to establish the fair value of each Fund's assets and liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed-income investments and certain derivative instruments for which market quotations are readily available are generally valued using the last available bid price provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots of securities in certain asset classes may trade at lower prices than institutional round lots, and the value ultimately realized when the securities are sold could differ from the prices used by a fund. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

&nbsp;&nbsp;&nbsp;&nbsp;• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day's NAV.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee in accordance with BFA's policies and procedures as reflecting fair value ("Fair Valued Investments"). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm's-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement as of the measurement date.

Fair value pricing could result in a difference between the prices used to calculate a fund's NAV and the prices used by the fund's underlying index, which in turn could result in a difference between the fund's performance and the performance of the fund's underlying index.

**Fair Value Hierarchy:** Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that each Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

***4. SECURITIES AND OTHER INVESTMENTS***

**Asset-Backed and Mortgage-Backed Securities:** Asset-backed securities are generally issued as pass-through certificates or as debt instruments. Asset-backed securities issued as pass-through certificates represent undivided fractional ownership interests in an underlying pool of assets. Asset-backed securities issued as debt instruments, which are also known as collateralized obligations, are typically issued as the debt of a special purpose entity organized solely for the purpose of owning such assets and issuing such debt. Asset-backed securities are often backed by a pool of assets representing the obligations of a number of different parties. The yield characteristics of certain asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal part of the obligations may be prepaid at any time because the underlying assets (i.e., loans) may be prepaid at any time. As a result, a decrease in interest rates in the market may result in increases in the level of prepayments as borrowers, particularly mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security will have the effect of shortening the maturity of the security. In addition, a fund may subsequently have to reinvest the proceeds at lower interest rates. If a fund has purchased such an asset-backed security at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium paid.

For mortgage pass-through securities (the "Mortgage Assets") there are a number of important differences among the agencies and instrumentalities of the U.S. Government that issue mortgage-related securities and among the securities that they issue. For example, mortgage-related securities guaranteed by Ginnie Mae are

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

guaranteed as to the timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage-related securities issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed mortgage pass-through certificates, which are solely the obligations of Freddie Mac and Fannie Mae, are not backed by or entitled to the full faith and credit of the United States, but are supported by the right of the issuer to borrow from the U.S. Treasury.

Non-agency mortgage-backed securities are securities issued by non-governmental issuers and have no direct or indirect government guarantees of payment and are subject to various risks. Non-agency mortgage loans are obligations of the borrowers thereunder only and are not typically insured or guaranteed by any other person or entity. The ability of a borrower to repay a loan is dependent upon the income or assets of the borrower. A number of factors, including a general economic downturn, acts of God, terrorism, social unrest and civil disturbances, may impair a borrower's ability to repay its loans.

**Zero-Coupon Bonds:** Zero-coupon bonds are normally issued at a significant discount from face value and do not provide for periodic interest payments. These bonds may experience greater volatility in market value than other debt obligations of similar maturity which provide for regular interest payments.

**TBA Commitments:** TBA commitments are forward agreements for the purchase or sale of securities, including mortgage-backed securities for a fixed price, with payment and delivery on an agreed upon future settlement date. The specific securities to be delivered are not identified at the trade date. However, delivered securities must meet specified terms, including issuer, rate and mortgage terms. When entering into TBA commitments, a fund may take possession of or deliver the underlying mortgage-backed securities but can extend the settlement or roll the transaction. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date, if there are expenses or delays in connection with the TBA transactions, or if the counterparty fails to complete the transaction.

To mitigate counterparty risk, a fund enters into a two-way collateral agreement for TBA transactions with certain counterparties. Under such agreement, the "in-the-money" party of a TBA transaction may at any time require the other party to pledge collateral assets (in the form of cash or securities) to offset any loss the in-the-money party would incur upon cancellation of the TBA transaction. A party is in-the-money if they are the buyer and the market value of the TBA transaction increases or if they are the seller and the market value of the TBA transaction decreases. Cash collateral received from the counterparty may be reinvested in money market funds, including those managed by the Funds' investment adviser, or its affiliates. Such collateral, if any, is noted in the Schedule of Investments and the obligation to return the collateral is presented as a liability in the Statements of Assets and Liabilities. Securities pledged as collateral by a fund, if any, are noted in the Schedule of Investments.

**Mortgage Dollar Roll Transactions:** The Funds may sell TBA mortgage-backed securities and simultaneously contract to repurchase substantially similar (i.e., same type, coupon and maturity) securities on a specific future date at an agreed upon price. During the period between the sale and repurchase, a fund is not entitled to receive interest and principal payments on the securities sold. Mortgage dollar roll transactions are treated as purchases and sales and a fund realizes gains and losses on these transactions. Mortgage dollar rolls involve the risk that the market value of the securities that a fund is required to purchase may decline below the agreed upon repurchase price of those securities.

**Securities Lending:** Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. Government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current market value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund's Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an "MSLA") which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty's bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties' obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party's net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF and Counterparty* | *Securities Loaned* <br>*at Value*<br>| &nbsp;&nbsp; *Cash Collateral* <br>*Received*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Non-Cash Collateral* <br>*Received, at Fair Value*<sup>(a)</sup> <br>| *Net Amount* |
| ESG Aware 1-5 Year USD Corporate Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $9335443 | &nbsp;&nbsp;&nbsp; $(9335443) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 185788 | &nbsp;&nbsp;&nbsp; (185788) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 1790546 | &nbsp;&nbsp;&nbsp; (1790546) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 1717650 | &nbsp;&nbsp;&nbsp; (1717650) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citadel Clearing LLC | &nbsp;&nbsp; 475321 | &nbsp;&nbsp;&nbsp; (475321) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 4213115 | &nbsp;&nbsp;&nbsp; (4213115) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 24396138 | &nbsp;&nbsp;&nbsp; (24396138) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 914361 | &nbsp;&nbsp;&nbsp; (914361) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 860544 | &nbsp;&nbsp;&nbsp; (860544) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank Financial Inc. | &nbsp;&nbsp; 1230057 | &nbsp;&nbsp;&nbsp; (1230057) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 2141947 | &nbsp;&nbsp;&nbsp; (2141947) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 1185255 | &nbsp;&nbsp;&nbsp; (1185255) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital Inc | &nbsp;&nbsp; 10036 | &nbsp;&nbsp;&nbsp; (10036) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 244516 | &nbsp;&nbsp;&nbsp; (244516) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 1337987 | &nbsp;&nbsp;&nbsp; (1337987) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $50038704 | &nbsp;&nbsp;&nbsp; $(50038704) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| ESG Aware U.S. Aggregate Bond |  |  |  |  |
| Barclays Capital, Inc. | &nbsp;&nbsp; $412519 | &nbsp;&nbsp;&nbsp; $(412519) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| BNP Paribas SA | &nbsp;&nbsp; 2684393 | &nbsp;&nbsp;&nbsp; (2684393) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 1460239 | &nbsp;&nbsp;&nbsp; (1460239) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 867461 | &nbsp;&nbsp;&nbsp; (867461) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 1572624 | &nbsp;&nbsp;&nbsp; (1528900) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 43724 |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 1985359 | &nbsp;&nbsp;&nbsp; (1985359) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 12301 | &nbsp;&nbsp;&nbsp; (12301) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank Financial Inc. | &nbsp;&nbsp; 4871126 | &nbsp;&nbsp;&nbsp; (4871126) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 208592 | &nbsp;&nbsp;&nbsp; (208592) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 67871 | &nbsp;&nbsp;&nbsp; (67871) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $14142485 | &nbsp;&nbsp;&nbsp; $(14098761) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $43724 |
| ESG Aware USD Corporate Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $26167241 | &nbsp;&nbsp;&nbsp; $(26167241) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 837330 | &nbsp;&nbsp;&nbsp; (837330) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 8168475 | &nbsp;&nbsp;&nbsp; (8168475) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 4760140 | &nbsp;&nbsp;&nbsp; (4760140) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citadel Clearing LLC | &nbsp;&nbsp; 51017 | &nbsp;&nbsp;&nbsp; (51017) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 5434842 | &nbsp;&nbsp;&nbsp; (5434842) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 28495758 | &nbsp;&nbsp;&nbsp; (28495758) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 1231617 | &nbsp;&nbsp;&nbsp; (1231617) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 2617333 | &nbsp;&nbsp;&nbsp; (2617333) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 2801155 | &nbsp;&nbsp;&nbsp; (2801155) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 3008931 | &nbsp;&nbsp;&nbsp; (3008931) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 6069595 | &nbsp;&nbsp;&nbsp; (6069595) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 314231 | &nbsp;&nbsp;&nbsp; (314231) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital, Inc. | &nbsp;&nbsp; 997327 | &nbsp;&nbsp;&nbsp; (997327) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 3017 | &nbsp;&nbsp;&nbsp; (3017) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 1175591 | &nbsp;&nbsp;&nbsp; (1175591) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 89460 | &nbsp;&nbsp;&nbsp; (89460) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 307825 | &nbsp;&nbsp;&nbsp; (307825) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 5286814 | &nbsp;&nbsp;&nbsp; (5286814) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $97817699 | &nbsp;&nbsp;&nbsp; $(97817699) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund's Statements of Assets and Liabilities. 

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock Finance, Inc. BlackRock Finance, Inc.'s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES***

**Investment Advisory Fees:** Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund's assets. BFA is a California corporation indirectly owned by BlackRock, Inc. ("BlackRock"). Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to each of the following Funds, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:

---

| | |
|:---|:---|
| *iShares ETF* | *Investment Advisory Fees* |
| ESG Aware 1-5 Year USD Corporate Bond | 0.12% |
| ESG Aware U.S. Aggregate Bond | 0.10 |
| ESG Aware USD Corporate Bond | 0.18 |

---

**Expense Waivers:** A fund may incur its pro rata share of fees and expenses attributable to its investments in other investment companies ("acquired fund fees and expenses"). The total of the investment advisory fee and acquired fund fees and expenses, if any, is a fund's total annual operating expenses. Total expenses as shown in the Statements of Operations does not include acquired fund fees and expenses.

For the iShares ESG Aware U.S. Aggregate Bond ETF, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through June 30, 2029 in an amount equal to the acquired fund fees and expenses, if any, attributable to the Fund's investments by the Fund in other registered investment companies advised by BFA or its affiliates.

This amount is included in investment advisory fees waived in the Statement of Operations. For the year ended February 28, 2026, the amounts waived in investment advisory fees pursuant to this arrangement were as follows:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts Waived* |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; $147739 |

---

**Distributor:** BlackRock Investments, LLC ("BRIL"), an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

**ETF Servicing Fees:** Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units ("ETF Services"). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.

**Securities Lending:** The U.S. Securities and Exchange Commission ("SEC") has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. ("BTC"), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the "collateral investment fees"). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. BlackRock Cash Funds: Institutional may impose a discretionary liquidity fee of up to 2% on all redemptions. Discretionary liquidity fees may be imposed or terminated at any time at the discretion of the board of directors of the money market fund, or its delegate, if it is determined that such fee would be, or would not be, respectively, in the best interest of the money market fund. Additionally, BlackRock Cash Funds: Institutional will impose a mandatory liquidity fee if the money market fund's total net redemptions on a single day exceed 5% of the money market fund's net assets, unless the amount of the fee is less than 0.01% of the value of the shares redeemed. BlackRock Cash Funds: Institutional will determine the size of the mandatory liquidity fee by making a good faith estimate of certain costs the money market fund would incur if it were to sell a pro rata amount of each security in the portfolio to satisfy the amount of net redemptions on that day. There is no limit to the size of a mandatory liquidity fee. If BlackRock Cash Funds: Institutional cannot estimate the costs of selling a pro rata amount of each portfolio security in good faith and supported by data, it is required to apply a default liquidity fee of 1% on the value of shares redeemed on that day.

Securities lending income is generally equal to the total of income earned from the reinvestment of cash collateral (and excludes collateral investment fees), and any fees or other payments to and from borrowers of securities. Each Fund retains a portion of the securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across the iShares ETF Complex in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 28, 2026, the Funds paid BTC the following amounts for securities lending agent services:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts* |
| ESG Aware 1-5 Year USD Corporate Bond | &nbsp;&nbsp; $43114 |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; 15540 |
| ESG Aware USD Corporate Bond | &nbsp;&nbsp; 71679 |

---

**Trustees and Officers:** Certain trustees and/or officers of the Trust are directors and/or officers of BlackRock or its affiliates.

**Other Transactions:** Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund's underlying index.

***6. PURCHASES AND SALES***

For the year ended February 28, 2026, purchases and sales of investments, including mortgage dollar rolls and excluding short-term securities and in-kind transactions, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *U.S. Government Securities* | *U.S. Government Securities* | *Other Securities* | *Other Securities* |
| *iShares ETF* | &nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* | &nbsp;&nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* |
| ESG Aware 1-5 Year USD Corporate Bond | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $342934941 | &nbsp;&nbsp;&nbsp; $349932504 |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; 3688434048 | &nbsp;&nbsp;&nbsp; 3536778671 | &nbsp;&nbsp;&nbsp; 276383133 | &nbsp;&nbsp;&nbsp; 280723838 |
| ESG Aware USD Corporate Bond | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 190539590 | &nbsp;&nbsp;&nbsp; 186515974 |

---

For the year ended February 28, 2026, in-kind transactions were as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *In-kind* <br>*Purchases*<br>| &nbsp;&nbsp; *In-kind* <br>*Sales*<br>|
| ESG Aware 1-5 Year USD Corporate Bond | &nbsp;&nbsp; $127807829 | &nbsp;&nbsp;&nbsp; $29317964 |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; 602502669 | &nbsp;&nbsp;&nbsp; 101837229 |
| ESG Aware USD Corporate Bond | &nbsp;&nbsp; 262537640 | &nbsp;&nbsp;&nbsp; 22407635 |

---

***7. INCOME TAX INFORMATION***

Each Fund is treated as an entity separate from the Trust's other funds for federal income tax purposes. It is each Fund's policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of February 28, 2026, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds' financial statements. Management's analysis is based on the tax laws and judicial and administrative interpretations thereof in effect as of the date of these financial statements, all of which are subject to change, possibly with retroactive effect, which may impact the Funds' NAV.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 28, 2026, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Paid-in Capital* | &nbsp;&nbsp; *Accumulated* <br>*Earnings (Loss)*<br>|
| ESG Aware 1-5 Year USD Corporate Bond | &nbsp;&nbsp; $342158 | &nbsp;&nbsp;&nbsp; $(342158) |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; (1367727) | &nbsp;&nbsp;&nbsp; 1367727 |
| ESG Aware USD Corporate Bond | &nbsp;&nbsp; 123878 | &nbsp;&nbsp;&nbsp; (123878) |

---

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

The tax character of distributions paid was as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Year Ended* <br>*02/28/26*<br>| &nbsp;&nbsp; *Year Ended* <br>*02/28/25*<br>|
| ESG Aware 1-5 Year USD Corporate Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $44908801 | &nbsp;&nbsp;&nbsp; $35770824 |
| ESG Aware U.S. Aggregate Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $161224184 | &nbsp;&nbsp;&nbsp; $139444665 |
| ESG Aware USD Corporate Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $53336250 | &nbsp;&nbsp;&nbsp; $47642307 |

---

As of February 28, 2026, the tax components of accumulated earnings (loss) were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Undistributed* <br>*Ordinary Income*<br>| &nbsp;&nbsp; *Non-expiring* <br>*Capital Loss* <br>*Carryforwards*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Net Unrealized* <br>*Gains (Losses)*<sup>(b)</sup> <br>| *Total* |
| ESG Aware 1-5 Year USD Corporate Bond | &nbsp;&nbsp; $4163414 | &nbsp;&nbsp;&nbsp; $(36105307) | &nbsp;&nbsp;&nbsp; $19652501 | &nbsp;&nbsp;&nbsp; $(12289392) |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; 14701589 | &nbsp;&nbsp;&nbsp; (85535275) | &nbsp;&nbsp;&nbsp; (99517282) | &nbsp;&nbsp;&nbsp; (170350968) |
| ESG Aware USD Corporate Bond | &nbsp;&nbsp; 5257278 | &nbsp;&nbsp;&nbsp; (47887017) | &nbsp;&nbsp;&nbsp; (52067950) | &nbsp;&nbsp;&nbsp; (94697689) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Amounts available to offset future realized capital gains.

<sup>(b)</sup> The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities, the classification of investments and TBA transactions. 

As of February 28, 2026, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Tax Cost* | &nbsp;&nbsp; *Gross Unrealized* <br>*Appreciation*<br>| &nbsp;&nbsp; *Gross Unrealized* <br>*Depreciation*<br>| &nbsp;&nbsp; *Net Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| ESG Aware 1-5 Year USD Corporate Bond | &nbsp;&nbsp; $1108815234 | &nbsp;&nbsp;&nbsp; $19766305 | &nbsp;&nbsp;&nbsp; $(113804) | &nbsp;&nbsp;&nbsp; $19652501 |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; 4905577982 | &nbsp;&nbsp;&nbsp; 61346777 | &nbsp;&nbsp;&nbsp; (160864059) | &nbsp;&nbsp;&nbsp; (99517282) |
| ESG Aware USD Corporate Bond | &nbsp;&nbsp; 1542810179 | &nbsp;&nbsp;&nbsp; 17788128 | &nbsp;&nbsp;&nbsp; (69856078) | &nbsp;&nbsp;&nbsp; (52067950) |

---

***8. PRINCIPAL RISKS***

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject each Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund's prospectus provides details of the risks to which the Fund is subject.

BFA uses an indexing approach to try to achieve each Fund's investment objective. The Funds are not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to mandatory and discretionary liquidity fees under certain circumstances.

**Market Risk:** Each Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force each Fund to reinvest in lower yielding securities. Each Fund may also be exposed to reinvestment risk, which is the risk that income from each Fund's portfolio will decline if each Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below each Fund portfolio's current earnings rate.

Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions, credit rating downgrades, or the bankruptcy of the issuer could have a significant effect on an issuer's ability to make payments of principal and/or interest or otherwise affect the value of such securities. Municipal securities can be significantly affected by political or economic changes, including changes made in the law after issuance of the securities, as well as uncertainties in the municipal market related to, taxation, legislative changes or the rights of municipal security holders, including in connection with an issuer insolvency. Municipal securities backed by current or anticipated revenues from a specific project or specific assets can be negatively affected by the discontinuance of the tax benefits supporting the project or assets or the inability to collect revenues for the project or from the assets. Municipal securities may be less liquid than taxable bonds, and there may be less publicly available information on the financial condition of municipal security issuers than for issuers of other securities.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

**Counterparty Credit Risk:** The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds' exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

**Geographic/Asset Class Risk:** A diversified portfolio, where this is appropriate and consistent with a fund's objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund's portfolio are disclosed in its Schedule of Investments.

The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative "debt ceiling." Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the Funds invest.

Certain Funds invest a significant portion of their assets in securities within a single or limited number of market sectors. When a fund concentrates its investments in this manner, it assumes the risk that economic, regulatory, political and social conditions affecting such sectors may have a significant impact on the Fund and could affect the income from, or the value or liquidity of, the Fund's portfolio. Investment percentages in specific sectors are presented in the Schedule of Investments.

The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates during a period of historically low interest rates. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility, and could negatively impact the Funds' performance.

The Funds invest a significant portion of their assets in securities backed by commercial or residential mortgage loans or in issuers that hold mortgage and other asset-backed securities. When a fund concentrates its investments in this manner, it assumes a greater risk of prepayment or payment extension by securities issuers. Changes in economic conditions, including delinquencies and/or defaults on assets underlying these securities, can affect the value, income and/or liquidity of such positions. Investment percentages in these securities are presented in the Schedule of Investments.

Certain Funds invest a significant portion of their assets within the financials sector. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, changes in government regulations, economic conditions, and interest rates, credit rating downgrades, adverse public perception, exposure concentration and decreased liquidity in credit markets. The impact of changes in capital requirements and recent or future regulation on any individual financial company, or on the financials sector as a whole, cannot be predicted, but may negatively impact the Funds.

**Significant Shareholder Redemption Risk:** Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund's NAV, increase the fund's brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

***9. CAPITAL SHARE TRANSACTIONS***

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof ("Creation Units") at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

Transactions in capital shares were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Year Ended <br>02/28/26 | Year Ended <br>02/28/26 | Year Ended <br>02/28/25 | Year Ended <br>02/28/25 |
| *iShares ETF* | *Shares* | *Amount* | *Shares* | *Amount* |
| ESG Aware 1-5 Year USD Corporate Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 5250000 | &nbsp;&nbsp;&nbsp; $131974276 | &nbsp;&nbsp;&nbsp; 7550000 | &nbsp;&nbsp;&nbsp; $187444316 |
| Shares redeemed | &nbsp;&nbsp; (1200000)<br>| &nbsp;&nbsp;&nbsp; (29843664)<br>| &nbsp;&nbsp;&nbsp; (4050000)<br>| &nbsp;&nbsp;&nbsp; (100596894)<br>|
|  | &nbsp;&nbsp; 4050000 | &nbsp;&nbsp;&nbsp; $102130612 | &nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp; $86847422 |
| ESG Aware U.S. Aggregate Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 16900000 | &nbsp;&nbsp;&nbsp; $804702107 | &nbsp;&nbsp;&nbsp; 14600000 | &nbsp;&nbsp;&nbsp; $691074247 |
| Shares redeemed | &nbsp;&nbsp; (2900000)<br>| &nbsp;&nbsp;&nbsp; (136702518)<br>| &nbsp;&nbsp;&nbsp; (9300000)<br>| &nbsp;&nbsp;&nbsp; (436924739)<br>|
|  | &nbsp;&nbsp; 14000000 | &nbsp;&nbsp;&nbsp; $667999589 | &nbsp;&nbsp;&nbsp; 5300000 | &nbsp;&nbsp;&nbsp; $254149508 |

---

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Year Ended<br> 02/28/26 | Year Ended<br> 02/28/26 | Year Ended<br> 02/28/25 | Year Ended<br> 02/28/25 |
| *iShares ETF* | *Shares* | *Amount* | *Shares* | *Amount* |
| ESG Aware USD Corporate Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 11650000 | &nbsp;&nbsp;&nbsp; $271693188 | &nbsp;&nbsp;&nbsp; 6750000 | &nbsp;&nbsp;&nbsp; $154808400 |
| Shares redeemed | &nbsp;&nbsp; (1000000)<br>| &nbsp;&nbsp;&nbsp; (23001010)<br>| &nbsp;&nbsp;&nbsp; (2800000)<br>| &nbsp;&nbsp;&nbsp; (64030447)<br>|
|  | &nbsp;&nbsp; 10650000 | &nbsp;&nbsp;&nbsp; $248692178 | &nbsp;&nbsp;&nbsp; 3950000 | &nbsp;&nbsp;&nbsp; $90777953 |

---

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to BRIL, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

To the extent applicable, to facilitate the timely settlement of orders for the Funds using a clearing facility outside of the continuous net settlement process, the Funds, at their sole discretion, may permit an Authorized Participant to post cash as collateral in anticipation of the delivery of all or a portion of the applicable Deposit Securities or Fund Securities, as further described in the applicable Authorized Participant Agreement. The collateral process is subject to a Control Agreement among the Authorized Participant, each Funds' custodian, and the Funds. In the event that the Authorized Participant fails to deliver all or a portion of the applicable Deposit Securities or Fund Securities, the Funds may exercise control over such collateral pursuant to the terms of the Control Agreement in order to purchase the applicable Deposit Securities or Fund Securities.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

***10. SUBSEQUENT EVENTS***

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

2026 iShares Annual Financial Statements and Additional Information

------

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

iShares Trust and Shareholders of each of the three funds listed in the table below

***Opinions on the Financial Statements***

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (three of the funds constituting iShares Trust, hereafter collectively referred to as the "Funds") as of February 28, 2026, the related statements of operations for the year ended February 28, 2026, the statements of changes in net assets for each of the two years in the period ended February 28, 2026, including the related notes, and the financial highlights for each of the five years in the period ended February 28, 2026 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds listed in the table below as of February 28, 2026, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 28, 2026 and each of the financial highlights for each of the five years in the period ended February 28, 2026 in conformity with accounting principles generally accepted in the United States of America.

iShares ESG Aware 1-5 Year USD Corporate Bond ETF <br> iShares ESG Aware U.S. Aggregate Bond ETF <br> iShares ESG Aware USD Corporate Bond ETF

***Basis for Opinions***

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 21, 2026

We have served as the auditor of one or more BlackRock investment companies since 2000.

Report of Independent Registered Public Accounting Firm

------

Important Tax Information (unaudited)

The Funds hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Federal Obligation* <br>*Interest*<br>|
| ESG Aware 1-5 Year USD Corporate Bond | &nbsp;&nbsp; $75797 |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; 65129570 |
| ESG Aware USD Corporate Bond | &nbsp;&nbsp; 84153 |

---

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest Dividends* |
| ESG Aware 1-5 Year USD Corporate Bond | &nbsp;&nbsp; $45245541 |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; 163913078 |
| ESG Aware USD Corporate Bond | &nbsp;&nbsp; 54166601 |

---

The Funds hereby designate the following amount(s), or maximum amount(s) allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest-Related* <br>*Dividends*<br>|
| ESG Aware 1-5 Year USD Corporate Bond | &nbsp;&nbsp; $35402770 |
| ESG Aware U.S. Aggregate Bond | &nbsp;&nbsp; 153012791 |
| ESG Aware USD Corporate Bond | &nbsp;&nbsp; 44361703 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Additional Information

**Premium/Discount Information**

Information on the Fund's net asset value, market price, premiums and discounts, and bid-ask spreads can be found at **iShares.com**.

**Electronic Delivery**

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at **iShares.com**. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

To enroll in electronic delivery:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Go to **icsdelivery.com**.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

**Changes in and Disagreements with Accountants** 

Not applicable.

**Proxy Results**

Not applicable.

**Remuneration Paid to Trustees, Officers, and Others** 

Because BFA has agreed in the Investment Advisory Agreements to cover all operating expenses of the Funds, subject to certain exclusions as provided for therein, BFA pays the compensation to each Independent Trustee for services to the Funds from BFA's investment advisory fees.

**Availability of Portfolio Holdings Information**

A description of the Trust's policies and procedures with respect to the disclosure of the Fund's portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets, when available, at **iShares.com**.

Additional Information

------

Glossary of Terms Used in these Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury |
| REIT | Real Estate Investment Trust |
| SCA | Svenska Celluosa Aktiebolaget |
| SOFR | Secured Overnight Financing Rate |
| TBA | To-Be-Announced |

---

2026 iShares Annual Financial Statements and Additional Information

------

Want to know more?

**iShares.com** \| 1-800-474-2737

**This report is intended for the Funds' shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.**

**Investing involves risk, including possible loss of principal.**

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg Index Services Limited, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. All rights reserved. **iSHARES** and **BLACKROCK** are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

![](g147625imga54173e32.gif)

![](g147625imga2d69aaa3.gif)

------

February 28, 2026

![](g147625imgd24f9b0b1.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; 2026 Annual Financial Statements <br> and Additional Information <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **iShares Trust** |
| • iShares High Yield Systematic Bond ETF \| HYDB \| Cboe BZX Exchange |
| • iShares Investment Grade Systematic Bond ETF \| IGEB \| Cboe BZX Exchange |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Page |
| [Schedules of Investments](#xx_e94de7f3-f7ab-4923-b53b-a6ebc5f14c69_SOIs-Footer-iSharesReport_1)  | &nbsp;&nbsp; 3 |
| [Statements of Assets and Liabilities](#xx_e94de7f3-f7ab-4923-b53b-a6ebc5f14c69_FS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 15 |
| [Statements of Operations](#xx_e94de7f3-f7ab-4923-b53b-a6ebc5f14c69_FS-Footer-iSharesReport_2)  | &nbsp;&nbsp; 16 |
| [Statements of Changes in Net Assets](#xx_e94de7f3-f7ab-4923-b53b-a6ebc5f14c69_FS-Footer-iSharesReport_3)  | &nbsp;&nbsp; 17 |
| [Financial Highlights](#xx_e94de7f3-f7ab-4923-b53b-a6ebc5f14c69_FS-Footer-iSharesReport_4)  | &nbsp;&nbsp; 18 |
| [Notes to Financial Statements](#xx_e94de7f3-f7ab-4923-b53b-a6ebc5f14c69_NTFS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 20 |
| [Report of Independent Registered Public Accounting Firm](#xx_e94de7f3-f7ab-4923-b53b-a6ebc5f14c69_opinion-Footer-iSharesReport-406_1)  | &nbsp;&nbsp; 28 |
| [Important Tax Information](#xx_e94de7f3-f7ab-4923-b53b-a6ebc5f14c69_Tax-annual-Footer-iSharesReport_1)  | &nbsp;&nbsp; 29 |
| [Additional Information](#xx_e94de7f3-f7ab-4923-b53b-a6ebc5f14c69_SAI-Footer-iSharesReport_1)  | &nbsp;&nbsp; 30 |
| [Glossary of Terms Used in these Financial Statements](#xx_e94de7f3-f7ab-4923-b53b-a6ebc5f14c69_Abbreviations-Footer-iSharesReport_1)  | &nbsp;&nbsp; 31 |

---

------

Schedule of Investments

February 28, 2026

**iShares® High Yield Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Aerospace & Defense — 0.4%** | **Aerospace & Defense — 0.4%** | **Aerospace & Defense — 0.4%** |
| TransDigm, Inc., 6.38%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; $5896 | $6056259 |
| **Airlines — 1.2%** | **Airlines — 1.2%** | **Airlines — 1.2%** |
| American Airlines, Inc., 7.25%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 8018 | 8171700 |
| JetBlue Airways Corp/JetBlue Loyalty LP, 9.88%, <br> 09/20/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 12508 | 12711203 |
|  |  | 20882903 |
| **Apparel — 0.8%** | **Apparel — 0.8%** | **Apparel — 0.8%** |
| Under Armour, Inc., 7.25%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3946 | 4075594 |
| VF Corp., 2.95%, 04/23/30<sup>(b)</sup> | &nbsp;&nbsp; 10200 | 9361898 |
|  |  | 13437492 |
| **Auto Manufacturers — 2.5%** | **Auto Manufacturers — 2.5%** | **Auto Manufacturers — 2.5%** |
| Allison Transmission, Inc., 5.88%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2273 | 2296644 |
| Aston Martin Capital Holdings Ltd., 10.00%, <br> 03/31/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 13903 | 11296187 |
| New Flyer Holdings, Inc., 9.25%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 7016 | 7573218 |
| Nissan Motor Co. Ltd. |  |  |
| 7.75%, 07/17/32<sup>(a)</sup> | &nbsp;&nbsp; 8636 | 9235031 |
| 8.13%, 07/17/35<sup>(a)</sup> | &nbsp;&nbsp; 11496 | 12553591 |
|  |  | 42954671 |
| **Auto Parts & Equipment — 1.1%** | **Auto Parts & Equipment — 1.1%** | **Auto Parts & Equipment — 1.1%** |
| Cooper-Standard Automotive, Inc., 9.25%, <br> 03/01/31<sup>(a)</sup><br>| &nbsp;&nbsp; 4160 | 4171731 |
| Garrett Motion Holdings, Inc./Garrett LX I SARL, <br> 7.75%, 05/31/32<sup>(a)</sup><br>| &nbsp;&nbsp; 9342 | 9872813 |
| Phinia, Inc., 6.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4445 | 4594081 |
|  |  | 18638625 |
| **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** |
| Primo Water Holdings, Inc./Triton Water Holdings, <br> Inc., 4.38%, 04/30/29<sup>(a)</sup><br>| &nbsp;&nbsp; 9502 | 9315438 |
| **Biotechnology — 1.1%** | **Biotechnology — 1.1%** | **Biotechnology — 1.1%** |
| Biocon Biologics Global PLC, 6.67%, 10/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 9709 | 9825669 |
| Emergent BioSolutions, Inc., 3.88%, 08/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6106 | 5338928 |
| Genmab A/S/Genmab Finance LLC, 6.25%, <br> 12/15/32<sup>(a)</sup><br>| &nbsp;&nbsp; 4071 | 4224977 |
|  |  | 19389574 |
| **Building Materials — 1.4%** | **Building Materials — 1.4%** | **Building Materials — 1.4%** |
| Builders FirstSource, Inc., 6.38%, 06/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7730 | 7942502 |
| Sisecam U.K. PLC |  |  |
| 8.25%, 05/02/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4030 | 4195595 |
| 8.63%, 05/02/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9658 | 10106131 |
| Sisecam UK PLC, 8.38%, 01/23/33<sup>(a)</sup> | &nbsp;&nbsp; 640 | 663928 |
|  |  | 22908156 |
| **Chemicals — 3.0%** | **Chemicals — 3.0%** | **Chemicals — 3.0%** |
| Celanese U.S. Holdings LLC |  |  |
| 6.75%, 04/15/33<sup>(b)</sup> | &nbsp;&nbsp; 8254 | 8462001 |
| 7.38%, 02/15/34<sup>(b)</sup> | &nbsp;&nbsp; 9790 | 10057414 |
| CVR Partners LP/CVR Nitrogen Finance Corp., <br> 6.13%, 06/15/28<sup>(a)</sup><br>| &nbsp;&nbsp; 6234 | 6217410 |
| Rain Carbon, Inc., 12.25%, 09/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4892 | 5209422 |
| SK Invictus Intermediate II SARL, 5.00%, <br> 10/30/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 8313 | 8180577 |
| Tronox, Inc., 4.63%, 03/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 15844 | 12250308 |
|  |  | 50377132 |
| **Coal — 0.5%** | **Coal — 0.5%** | **Coal — 0.5%** |
| Alliance Resource Operating Partners LP/Alliance <br> Resource Finance Corp., 8.63%, 06/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2944 | 3099402 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Coal (continued)** | **Coal (continued)** | **Coal (continued)** |
| SunCoke Energy, Inc., 4.88%, 06/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; $6720 | $6138423 |
|  |  | 9237825 |
| **Commercial Services — 3.1%** | **Commercial Services — 3.1%** | **Commercial Services — 3.1%** |
| ADT Security Corp.(The) |  |  |
| 4.13%, 08/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5993 | 5846954 |
| 4.88%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 8838 | 8573547 |
| 5.88%, 10/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1059 | 1076330 |
| Covista, Inc., 5.50%, 03/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1469 | 1469000 |
| Deluxe Corp. |  |  |
| 8.00%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5538 | 5589232 |
| 8.13%, 09/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5117 | 5367338 |
| Korn Ferry, 4.63%, 12/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 739 | 735717 |
| Prime Security Services Borrower LLC/Prime <br> Finance, Inc., 3.38%, 08/31/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2115 | 2081445 |
| PROG Holdings, Inc., 6.00%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7664 | 7524668 |
| Shift4 Payments LLC/Shift4 Payments Finance <br> Sub, Inc., 6.75%, 08/15/32<sup>(a)</sup><br>| &nbsp;&nbsp; 4135 | 4047348 |
| TriNet Group, Inc., 3.50%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 6352 | 5700776 |
| United Rentals North America, Inc., 4.88%, <br> 01/15/28<br>| &nbsp;&nbsp; 3973 | 3970690 |
|  |  | 51983045 |
| **Computers — 1.4%** | **Computers — 1.4%** | **Computers — 1.4%** |
| ASGN, Inc., 4.63%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 6643 | 6441681 |
| Diebold Nixdorf, Inc., 7.75%, 03/31/30<sup>(a)</sup> | &nbsp;&nbsp; 10804 | 11395195 |
| Insight Enterprises, Inc., 6.63%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6140 | 6155375 |
|  |  | 23992251 |
| **Diversified Financial Services — 11.2%** | **Diversified Financial Services — 11.2%** | **Diversified Financial Services — 11.2%** |
| Ally Financial, Inc., 6.70%, 02/14/33<sup>(b)</sup> | &nbsp;&nbsp; 5674 | 5916762 |
| Bread Financial Holdings, Inc., 6.75%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5918 | 6029471 |
| Burford Capital Global Finance LLC |  |  |
| 6.25%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 720 | 715952 |
| 6.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1910 | 1853356 |
| 7.50%, 07/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3161 | 2956547 |
| 8.50%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1330 | 1303646 |
| 9.25%, 07/01/31<sup>(a)</sup> | &nbsp;&nbsp; 8013 | 8140559 |
| Coinbase Global, Inc. |  |  |
| 3.38%, 10/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 12959 | 12360689 |
| 3.63%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1616 | 1412503 |
| Credit Acceptance Corp. |  |  |
| 6.63%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6080 | 6048293 |
| 9.25%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5554 | 5803114 |
| Encore Capital Group, Inc. |  |  |
| 6.63%, 04/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5823 | 5912674 |
| 8.50%, 05/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5559 | 5946985 |
| Enova International, Inc. |  |  |
| 9.13%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5727 | 6015893 |
| 11.25%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2965 | 3131678 |
| LD Holdings Group LLC, 6.13%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1370 | 1219425 |
| OneMain Finance Corp. |  |  |
| 3.88%, 09/15/28 | &nbsp;&nbsp; 1232 | 1192119 |
| 5.38%, 11/15/29 | &nbsp;&nbsp; 307 | 303518 |
| 6.63%, 01/15/28 | &nbsp;&nbsp; 1293 | 1319707 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 7001 | 7055349 |
| 7.13%, 11/15/31 | &nbsp;&nbsp; 8764 | 8958806 |
| 7.13%, 09/15/32 | &nbsp;&nbsp; 3407 | 3484194 |
| 7.50%, 05/15/31 | &nbsp;&nbsp; 700 | 722760 |
| 7.88%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1849 | 1933971 |
| PennyMac Financial Services, Inc. |  |  |
| 4.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1483 | 1425698 |
| 5.75%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5869 | 5697946 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® High Yield Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 6.88%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; $9161 | $9213410 |
| Rocket Mortgage LLC/Rocket Mortgage <br> Co-Issuer, Inc.<br>|  |  |
| 3.63%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1586 | 1528065 |
| 3.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 12945 | 12165921 |
| 4.00%, 10/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3365 | 3096670 |
| Stonex Escrow Issuer LLC, 6.88%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7306 | 7581663 |
| StoneX Group, Inc., 7.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 5853 | 6206410 |
| Synchrony Financial, 7.25%, 02/02/33 | &nbsp;&nbsp; 8523 | 8987839 |
| United Wholesale Mortgage LLC |  |  |
| 5.50%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8697 | 8529434 |
| 5.75%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp; 4663 | 4642756 |
| UWM Holdings LLC |  |  |
| 6.25%, 03/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5255 | 5077236 |
| 6.63%, 02/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 9557 | 9484775 |
| VFH Parent LLC/Valor Co-Issuer, Inc., 7.50%, <br> 06/15/31<sup>(a)</sup><br>| &nbsp;&nbsp; 5711 | 5944123 |
|  |  | 189319917 |
| **Electric — 1.6%** | **Electric — 1.6%** | **Electric — 1.6%** |
| NRG Energy, Inc. |  |  |
| 3.88%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6221 | 5824880 |
| 5.75%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6639 | 6650472 |
| PG&E Corp. |  |  |
| 5.00%, 07/01/28 | &nbsp;&nbsp; 8427 | 8404724 |
| 5.25%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp; 5655 | 5659682 |
|  |  | 26539758 |
| **Engineering & Construction — 1.1%** | **Engineering & Construction — 1.1%** | **Engineering & Construction — 1.1%** |
| IHS Holding Ltd. |  |  |
| 7.88%, 05/29/30<sup>(a)</sup> | &nbsp;&nbsp; 6529 | 6835877 |
| 8.25%, 11/29/31<sup>(a)</sup> | &nbsp;&nbsp; 7503 | 7993067 |
| Tutor Perini Corp., 11.88%, 04/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2978 | 3265874 |
|  |  | 18094818 |
| **Entertainment — 2.3%** | **Entertainment — 2.3%** | **Entertainment — 2.3%** |
| Discovery Global Holdings, Inc. |  |  |
| 4.28%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 13896 | 12766950 |
| 5.05%, 03/15/42 | &nbsp;&nbsp; 5224 | 3669860 |
| Live Nation Entertainment, Inc. |  |  |
| 3.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2521 | 2481162 |
| 6.50%, 05/15/27<sup>(a)</sup> | &nbsp;&nbsp; 6882 | 6914621 |
| Premier Entertainment Sub LLC/Premier <br> Entertainment Finance Corp.<br>|  |  |
| 5.63%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 13948 | 10007690 |
| 5.88%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 4282 | 2729775 |
|  |  | 38570058 |
| **Gas — 0.8%** | **Gas — 0.8%** | **Gas — 0.8%** |
| AmeriGas Partners LP/AmeriGas Finance Corp. |  |  |
| 5.75%, 05/20/27 | &nbsp;&nbsp; 6064 | 6113980 |
| 9.38%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5241 | 5417019 |
| 9.50%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2435 | 2606353 |
|  |  | 14137352 |
| **Health Care - Services — 1.8%** | **Health Care - Services — 1.8%** | **Health Care - Services — 1.8%** |
| DaVita, Inc. |  |  |
| 3.75%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6761 | 6318106 |
| 4.63%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 12881 | 12609552 |
| Fortrea Holdings, Inc., 7.50%, 07/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6783 | 6472105 |
| Sotera Health Holdings LLC, 7.38%, 06/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4529 | 4765495 |
|  |  | 30165258 |
| **Holding Companies - Diversified — 1.6%** | **Holding Companies - Diversified — 1.6%** | **Holding Companies - Diversified — 1.6%** |
| Clue Opco LLC, 9.50%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8604 | 8909872 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| Icahn Enterprises LP/Icahn Enterprises <br> Finance Corp.<br>|  |  |
| 9.75%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; $8115 | $8020452 |
| 10.00%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 10046 | 9919819 |
|  |  | 26850143 |
| **Home Builders — 0.7%** | **Home Builders — 0.7%** | **Home Builders — 0.7%** |
| Brookfield Residential Properties, Inc./Brookfield <br> Residential U.S. LLC<br>|  |  |
| 4.88%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6873 | 6460013 |
| 6.25%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp; 6075 | 6068296 |
|  |  | 12528309 |
| **Home Furnishings — 1.4%** | **Home Furnishings — 1.4%** | **Home Furnishings — 1.4%** |
| Somnigroup International, Inc., 3.88%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6815 | 6397250 |
| Whirlpool Corp. |  |  |
| 4.50%, 06/01/46 | &nbsp;&nbsp; 7852 | 5761964 |
| 4.60%, 05/15/50<sup>(b)</sup> | &nbsp;&nbsp; 8201 | 6005403 |
| 6.50%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 5309 | 5298093 |
|  |  | 23462710 |
| **Insurance — 0.4%** | **Insurance — 0.4%** | **Insurance — 0.4%** |
| Baldwin Insurance Group Holdings LLC/Baldwin <br> Insurance Group Holdings Finance, 7.13%, <br> 05/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 7434 | 7458384 |
| **Internet — 2.6%** | **Internet — 2.6%** | **Internet — 2.6%** |
| Gen Digital, Inc., 6.25%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp; 4732 | 4709248 |
| Go Daddy Operating Co. LLC/GD Finance Co., <br> Inc., 3.50%, 03/01/29<sup>(a)</sup><br>| &nbsp;&nbsp; 3040 | 2843996 |
| Match Group Holdings II LLC, 6.13%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 977 | 974324 |
| Rakuten Group, Inc. |  |  |
| 9.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 10580 | 11734930 |
| 11.25%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp; 4410 | 4643777 |
| Snap, Inc. |  |  |
| 6.88%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1025 | 1020920 |
| 6.88%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3271 | 3261017 |
| Wayfair LLC |  |  |
| 7.25%, 10/31/29<sup>(a)</sup> | &nbsp;&nbsp; 9294 | 9604810 |
| 7.75%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5087 | 5349541 |
|  |  | 44142563 |
| **Iron & Steel — 1.6%** | **Iron & Steel — 1.6%** | **Iron & Steel — 1.6%** |
| Champion Iron Canada, Inc., 7.88%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 5687 | 6048614 |
| Cleveland-Cliffs, Inc. |  |  |
| 7.38%, 05/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 2845 | 2919630 |
| 7.50%, 09/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 9408 | 9819572 |
| 7.63%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 8478 | 8700727 |
|  |  | 27488543 |
| **Leisure Time — 0.8%** | **Leisure Time — 0.8%** | **Leisure Time — 0.8%** |
| Lindblad Expeditions LLC, 7.00%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7160 | 7511098 |
| Patrick Industries, Inc., 6.38%, 11/01/32<sup>(a)</sup> | &nbsp;&nbsp; 5787 | 5943955 |
|  |  | 13455053 |
| **Lodging — 1.8%** | **Lodging — 1.8%** | **Lodging — 1.8%** |
| Genting New York LLC/GENNY Capital, Inc., <br> 7.25%, 10/01/29<sup>(a)</sup><br>| &nbsp;&nbsp; 3971 | 4117242 |
| Hilton Grand Vacations Borrower <br> Escrow LLC/Hilton Grand Vacations <br> Borrower Esc<br>|  |  |
| 4.88%, 07/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6437 | 6056865 |
| 5.00%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5014 | 4893479 |
| Station Casinos LLC, 4.63%, 12/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6289 | 6068006 |
| Travel + Leisure Co., 4.50%, 12/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8070 | 7905524 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® High Yield Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| Wynn Las Vegas LLC/Wynn Las Vegas Capital <br> Corp., 5.25%, 05/15/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; $1196 | $1199363 |
|  |  | 30240479 |
| **Manufacturing — 0.3%** | **Manufacturing — 0.3%** | **Manufacturing — 0.3%** |
| LSB Industries, Inc., 6.25%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5650 | 5679572 |
| **Media — 6.3%** | **Media — 6.3%** | **Media — 6.3%** |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| 4.25%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3039 | 2832653 |
| 4.25%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 11003 | 9584723 |
| 4.50%, 05/01/32<sup>(b)</sup> | &nbsp;&nbsp; 13997 | 12809418 |
| 4.50%, 06/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 10938 | 9768920 |
| 4.75%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 10731 | 9979039 |
| 7.00%, 02/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 5 | 5112 |
| Discovery Communications LLC |  |  |
| 5.00%, 09/20/37<sup>(b)</sup> | &nbsp;&nbsp; 6945 | 5519400 |
| 6.35%, 06/01/40 | &nbsp;&nbsp; 2652 | 2158993 |
| McGraw-Hill Education, Inc., 7.38%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 8006 | 8180875 |
| Nexstar Media, Inc. |  |  |
| 4.75%, 11/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 12294 | 12233770 |
| 5.63%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1787 | 1787168 |
| Sinclair Television Group, Inc. |  |  |
| 5.50%, 03/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7108 | 6306218 |
| 8.13%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1849 | 1925271 |
| 9.75%, 02/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3301 | 3659984 |
| TEGNA, Inc. |  |  |
| 4.63%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp; 11815 | 11781538 |
| 5.00%, 09/15/29 | &nbsp;&nbsp; 3771 | 3767430 |
| Versant Media Group, Inc., 7.25%, 01/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5126 | 5245866 |
|  |  | 107546378 |
| **Metal Fabricate & Hardware — 0.2%** | **Metal Fabricate & Hardware — 0.2%** | **Metal Fabricate & Hardware — 0.2%** |
| Park-Ohio Industries, Inc., 8.50%, 08/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3532 | 3667018 |
| **Mining — 5.6%** | **Mining — 5.6%** | **Mining — 5.6%** |
| Aris Mining Corp., 8.00%, 10/31/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5096 | 5339487 |
| Eldorado Gold Corp., 6.25%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5663 | 5681291 |
| Endeavour Mining PLC, 7.00%, 05/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5656 | 5853662 |
| First Quantum Minerals Ltd. |  |  |
| 6.38%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 870 | 872721 |
| 8.63%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 6828 | 7156253 |
| Fortescue Treasury Pty Ltd. |  |  |
| 4.38%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp; 6664 | 6459378 |
| 6.13%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9041 | 9467809 |
| IAMGOLD Corp., 5.75%, 10/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5256 | 5268430 |
| Ivanhoe Mines Ltd., 7.88%, 01/23/30<sup>(a)</sup> | &nbsp;&nbsp; 8885 | 9237663 |
| Nickel Industries Ltd., 9.00%, 09/30/30<sup>(a)</sup> | &nbsp;&nbsp; 9393 | 9799323 |
| Novelis Corp. |  |  |
| 4.75%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp; 13221 | 12812533 |
| 6.88%, 01/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4577 | 4724736 |
| Stillwater Mining Co., 4.50%, 11/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6346 | 6143855 |
| Taseko Mines Ltd., 8.25%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5597 | 5925175 |
|  |  | 94742316 |
| **Office Furnishings — 0.3%** | **Office Furnishings — 0.3%** | **Office Furnishings — 0.3%** |
| HNI Corp., 5.13%, 01/18/29<sup>(a)</sup> | &nbsp;&nbsp; 4835 | 4766708 |
| **Oil & Gas — 6.3%** | **Oil & Gas — 6.3%** | **Oil & Gas — 6.3%** |
| BKV Upstream Midstream LLC, 7.50%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6012 | 6123841 |
| California Resources Corp. |  |  |
| 7.00%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3302 | 3362433 |
| 8.25%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 9400 | 9868205 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| CNX Resources Corp. |  |  |
| 5.88%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; $705 | $706289 |
| 7.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4946 | 5129696 |
| Comstock Resources, Inc. |  |  |
| 6.75%, 03/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11122 | 11079002 |
| 6.75%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3577 | 3558187 |
| Crescent Energy Finance LLC, 7.88%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 11831 | 12052654 |
| Diamond Foreign Asset Co./Diamond Finance LLC, <br> 8.50%, 10/01/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5901 | 6272633 |
| Gulfport Energy Operating Corp., 6.75%, <br> 09/01/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 7740 | 8015258 |
| Ithaca Energy North Sea PLC, 8.13%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp; 8607 | 9060494 |
| Kosmos Energy Ltd., 8.75%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp; 4950 | 3736656 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 12014 | 12504412 |
| Northern Oil & Gas, Inc., 8.75%, 06/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6209 | 6478431 |
| Talos Production, Inc., 9.38%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 7466 | 7943921 |
|  |  | 105892112 |
| **Oil & Gas Services — 1.6%** | **Oil & Gas Services — 1.6%** | **Oil & Gas Services — 1.6%** |
| Archrock Partners LP/Archrock Partners Finance <br> Corp., 6.25%, 04/01/28<sup>(a)</sup><br>| &nbsp;&nbsp; 908 | 908708 |
| Bristow Group, Inc. |  |  |
| 6.75%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 6155 | 6245331 |
| 6.88%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1190 | 1190000 |
| Enerflex, Inc., 6.88%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4675 | 4845072 |
| Tidewater, Inc., 9.13%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7661 | 8287685 |
| Viridien, 10.00%, 10/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4758 | 5102084 |
|  |  | 26578880 |
| **Packaging & Containers — 0.8%** | **Packaging & Containers — 0.8%** | **Packaging & Containers — 0.8%** |
| Ardagh Metal Packaging Finance USA LLC/Ardagh <br> Metal Packaging Finance PLC, 4.00%, <br> 09/01/29<sup>(a)</sup><br>| &nbsp;&nbsp; 1350 | 1288489 |
| Klabin Austria GmbH, 7.00%, 04/03/49<sup>(a)</sup> | &nbsp;&nbsp; 3239 | 3372932 |
| Owens-Brockway Glass Container, Inc., 7.25%, <br> 05/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 8476 | 8569694 |
|  |  | 13231115 |
| **Pharmaceuticals — 2.5%** | **Pharmaceuticals — 2.5%** | **Pharmaceuticals — 2.5%** |
| Bausch Health Companies, Inc. |  |  |
| 5.25%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp; 13940 | 9758000 |
| 5.25%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6151 | 4013527 |
| 6.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4000 | 3160000 |
| Elanco Animal Health, Inc., 6.65%, 08/28/28<sup>(b)</sup> | &nbsp;&nbsp; 8202 | 8526816 |
| Grifols SA, 4.75%, 10/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 8657 | 8547615 |
| HLF Financing SARL LLC/Herbalife International, <br> Inc., 4.88%, 06/01/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 7951 | 7617272 |
|  |  | 41623230 |
| **Pipelines — 5.4%** | **Pipelines — 5.4%** | **Pipelines — 5.4%** |
| Delek Logistics Partners LP/Delek Logistics <br> Finance Corp., 8.63%, 03/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 11601 | 12113254 |
| Genesis Energy LP/Genesis Energy Finance Corp. |  |  |
| 6.75%, 03/15/34 | &nbsp;&nbsp; 140 | 141615 |
| 7.88%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 3235 | 3386353 |
| 8.00%, 05/15/33 | &nbsp;&nbsp; 6716 | 7100659 |
| 8.88%, 04/15/30 | &nbsp;&nbsp; 4925 | 5167074 |
| NGL Energy Operating LLC/NGL Energy <br> Finance Corp.<br>|  |  |
| 8.13%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8659 | 8973910 |
| 8.38%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6068 | 6364737 |
| Summit Midstream Holdings LLC, 8.63%, <br> 10/31/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 9864 | 10323860 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® High Yield Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Venture Global LNG, Inc. |  |  |
| 8.38%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; $6100 | $6246628 |
| 9.88%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 11760 | 12459003 |
| Venture Global Plaquemines LNG LLC |  |  |
| 6.75%, 01/15/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 2989 | 3183916 |
| 7.50%, 05/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3244 | 3598663 |
| 7.75%, 05/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 11107 | 12597859 |
|  |  | 91657531 |
| **Real Estate — 2.4%** | **Real Estate — 2.4%** | **Real Estate — 2.4%** |
| Anywhere Real Estate Group LLC/Anywhere <br> Co-Issuer Corp., 7.00%, 04/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; 7675 | 7758228 |
| Anywhere Real Estate Group LLC/Realogy <br> Co-Issuer Corp., 9.75%, 04/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; 5584 | 6016821 |
| Cushman & Wakefield U.S. Borrower LLC, 6.75%, <br> 05/15/28<sup>(a)</sup><br>| &nbsp;&nbsp; 6175 | 6191716 |
| Five Point Operating Co. LP, 8.00%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5125 | 5307245 |
| Howard Hughes Corp.(The) |  |  |
| 4.13%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7391 | 7156305 |
| 4.38%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 7678 | 7302640 |
| 6.13%, 03/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 490 | 488985 |
|  |  | 40221940 |
| **Real Estate Investment Trusts — 5.9%** | **Real Estate Investment Trusts — 5.9%** | **Real Estate Investment Trusts — 5.9%** |
| Apollo Commercial Real Estate Finance, Inc., <br> 4.63%, 06/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6232 | 6200707 |
| Blackstone Mortgage Trust, Inc., 7.75%, <br> 12/01/29<sup>(a)</sup><br>| &nbsp;&nbsp; 5074 | 5408544 |
| Brookfield Property REIT, Inc./BPR <br> Cumulus LLC/BPR Nimbus LLC/GGSI <br> Sellco LLC, 4.50%, 04/01/27<sup>(a)</sup><br>| &nbsp;&nbsp; 5904 | 5825792 |
| Diversified Healthcare Trust |  |  |
| 4.38%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 6628 | 5995191 |
| 7.25%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4178 | 4344644 |
| Iron Mountain, Inc. |  |  |
| 4.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1894 | 1826791 |
| 5.63%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2143 | 2137840 |
| Millrose Properties, Inc., 6.38%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4922 | 5049480 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |
| 3.50%, 03/15/31 | &nbsp;&nbsp; 2994 | 2289632 |
| 4.63%, 08/01/29 | &nbsp;&nbsp; 13270 | 11465162 |
| 5.00%, 10/15/27 | &nbsp;&nbsp; 5495 | 5384018 |
| Park Intermediate Holdings LLC/PK Domestic <br> Property LLC/PK Finance Co-Issuer<br>|  |  |
| 4.88%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 8769 | 8613367 |
| 5.88%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3456 | 3455673 |
| Rithm Capital Corp. |  |  |
| 8.00%, 04/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 9029 | 9086280 |
| 8.00%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4753 | 4774911 |
| RLJ Lodging Trust LP, 4.00%, 09/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6280 | 6007698 |
| Starwood Property Trust, Inc., 6.50%, <br> 10/15/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5762 | 6004914 |
| XHR LP, 4.88%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6014 | 5932293 |
|  |  | 99802937 |
| **Retail — 3.6%** | **Retail — 3.6%** | **Retail — 3.6%** |
| Arko Corp., 5.13%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3746 | 3341399 |
| Brinker International, Inc., 8.25%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1979 | 2084652 |
| FirstCash, Inc. |  |  |
| 4.63%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp; 5597 | 5528907 |
| 5.63%, 01/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6125 | 6094084 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Gap, Inc.(The) |  |  |
| 3.63%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; $9475 | $9013055 |
| 3.88%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5325 | 4955736 |
| Kohl's Corp. |  |  |
| 5.13%, 05/01/31<sup>(b)</sup> | &nbsp;&nbsp; 8593 | 7272336 |
| 10.00%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3402 | 3703492 |
| Macy's Retail Holdings LLC |  |  |
| 6.13%, 03/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1271 | 1280225 |
| 7.38%, 08/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 5583 | 5848926 |
| QXO Building Products, Inc., 6.75%, 04/30/32<sup>(a)</sup> | &nbsp;&nbsp; 11972 | 12399592 |
|  |  | 61522404 |
| **Software — 1.9%** | **Software — 1.9%** | **Software — 1.9%** |
| CoreWeave, Inc. |  |  |
| 9.00%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5354 | 5165894 |
| 9.25%, 06/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 12194 | 11943411 |
| Elastic NV, 4.13%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1124 | 1061930 |
| Open Text Holdings, Inc., 4.13%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6462 | 5823649 |
| ROBLOX Corp., 3.88%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4937 | 4714424 |
| ZoomInfo Technologies LLC/ZoomInfo Finance <br> Corp., 3.88%, 02/01/29<sup>(a)</sup><br>| &nbsp;&nbsp; 4691 | 4046077 |
|  |  | 32755385 |
| **Telecommunications — 5.5%** | **Telecommunications — 5.5%** | **Telecommunications — 5.5%** |
| Cipher Compute LLC, 7.13%, 11/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 11387 | 11869171 |
| EchoStar Corp., 10.75%, 11/30/29 | &nbsp;&nbsp; 5724 | 6250458 |
| GCI LLC, 4.75%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7303 | 7175674 |
| Millicom International Cellular SA |  |  |
| 4.50%, 04/27/31<sup>(a)</sup> | &nbsp;&nbsp; 10052 | 9384976 |
| 7.38%, 04/02/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 5309 | 5492410 |
| Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC, 8.63%, 06/15/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6958 | 7056853 |
| Viasat, Inc., 7.50%, 05/30/31<sup>(a)</sup> | &nbsp;&nbsp; 9846 | 9713449 |
| Windstream Services LLC/Windstream Escrow <br> Finance Corp., 8.25%, 10/01/31<sup>(a)</sup><br>| &nbsp;&nbsp; 11842 | 12467672 |
| WULF Compute LLC, 7.75%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 12125 | 12840545 |
| Zegona Finance PLC, 8.63%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 9886 | 10439170 |
|  |  | 92690378 |
| **Transportation — 0.4%** | **Transportation — 0.4%** | **Transportation — 0.4%** |
| Danaos Corp., 6.88%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6053 | 6242583 |
| **Trucking & Leasing — 0.6%** | **Trucking & Leasing — 0.6%** | **Trucking & Leasing — 0.6%** |
| FTAI Aviation Investors LLC, 5.50%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; 10960 | 10958855 |
| **Total Long-Term Investments — 96.3%** <br>**(Cost: $1,606,486,885)** | **Total Long-Term Investments — 96.3%** <br>**(Cost: $1,606,486,885)** | 1631206058 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 15.2%** | **Money Market Funds — 15.2%** | **Money Market Funds — 15.2%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(c)(d)(e)</sup><br>| &nbsp;&nbsp; 236690744 | 236809089 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® High Yield Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Money Market Funds (continued)** | **Money Market Funds (continued)** | **Money Market Funds (continued)** |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(c)(d)</sup><br>| &nbsp;&nbsp; 21310000 | $21310000 |
| **Total Short-Term Securities — 15.2%** <br>**(Cost: $258,075,326)** | **Total Short-Term Securities — 15.2%** <br>**(Cost: $258,075,326)** | 258119089 |
| **Total Investments — 111.5%** <br>**(Cost: $1,864,562,211)** | **Total Investments — 111.5%** <br>**(Cost: $1,864,562,211)** | 1889325147 |
| **Liabilities in Excess of Other Assets — (11.5)%** | **Liabilities in Excess of Other Assets — (11.5)%** | (195567384)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1693757763 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(b)</sup> All or a portion of this security is on loan.

<sup>(c)</sup> Affiliate of the Fund.

<sup>(d)</sup> Annualized 7-day yield as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(e)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, <br> SL Agency Shares<br>| $290875869 | $— | &nbsp;&nbsp; $(54054746 )<sup>(a)</sup><br>| &nbsp;&nbsp; $(24048)<br>| $12014 | $236809089 | 236690744 | $1771921 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| 6030000 | 15280000 <br><sup>(a)</sup><br>|  |  |  | 21310000 | 21310000 | 538951 |  |
|  |  |  |  | $(24048) | $12014 | $258119089 |  | $2310872 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1631206058 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1631206058 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 258119089 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 258119089 |
|  | &nbsp;&nbsp; $258119089 | &nbsp;&nbsp; $1631206058 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1889325147 |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments

February 28, 2026

**iShares® Investment Grade Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** |
| Omnicom Group, Inc. |  |  |
| 4.75%, 03/30/30 | &nbsp;&nbsp; $1710 | $1743699 |
| 5.30%, 11/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1018 | 1026342 |
|  |  | 2770041 |
| **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** |
| Boeing Co.(The) |  |  |
| 3.25%, 02/01/35 | &nbsp;&nbsp; 2513 | 2240015 |
| 3.60%, 05/01/34 | &nbsp;&nbsp; 3058 | 2820600 |
| 5.15%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5766 | 5972075 |
| 5.71%, 05/01/40<sup>(a)</sup> | &nbsp;&nbsp; 215 | 223694 |
| 6.39%, 05/01/31 | &nbsp;&nbsp; 1716 | 1875710 |
| 6.53%, 05/01/34 | &nbsp;&nbsp; 1858 | 2083147 |
| L3Harris Technologies, Inc., 5.40%, 07/31/33 | &nbsp;&nbsp; 2751 | 2898311 |
| RTX Corp., 4.50%, 06/01/42 | &nbsp;&nbsp; 4656 | 4290444 |
|  |  | 22403996 |
| **Agriculture — 2.3%** | **Agriculture — 2.3%** | **Agriculture — 2.3%** |
| Altria Group, Inc. |  |  |
| 5.38%, 01/31/44<sup>(a)</sup> | &nbsp;&nbsp; 3493 | 3385539 |
| 5.63%, 02/06/35 | &nbsp;&nbsp; 1595 | 1676765 |
| 5.80%, 02/14/39 | &nbsp;&nbsp; 6047 | 6305413 |
| BAT Capital Corp. |  |  |
| 5.63%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1027 | 1083054 |
| 6.00%, 02/20/34 | &nbsp;&nbsp; 75 | 81400 |
| 6.34%, 08/02/30<sup>(a)</sup> | &nbsp;&nbsp; 337 | 366430 |
| 6.42%, 08/02/33<sup>(a)</sup> | &nbsp;&nbsp; 1126 | 1252407 |
| 7.08%, 08/02/43 | &nbsp;&nbsp; 4719 | 5364442 |
| 7.75%, 10/19/32<sup>(a)</sup> | &nbsp;&nbsp; 351 | 413836 |
| Philip Morris International, Inc. |  |  |
| 5.38%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3281 | 3464414 |
| 5.75%, 11/17/32 | &nbsp;&nbsp; 998 | 1076454 |
| 6.38%, 05/16/38 | &nbsp;&nbsp; 5003 | 5626086 |
| Reynolds American, Inc. |  |  |
| 5.70%, 08/15/35 | &nbsp;&nbsp; 827 | 872663 |
| 5.85%, 08/15/45<sup>(a)</sup> | &nbsp;&nbsp; 3839 | 3856382 |
|  |  | 34825285 |
| **Airlines — 0.7%** | **Airlines — 0.7%** | **Airlines — 0.7%** |
| Delta Air Lines, Inc., 5.25%, 07/10/30 | &nbsp;&nbsp; 3965 | 4088797 |
| Southwest Airlines Co., 5.25%, 11/15/35 | &nbsp;&nbsp; 5770 | 5722811 |
|  |  | 9811608 |
| **Apparel — 0.5%** | **Apparel — 0.5%** | **Apparel — 0.5%** |
| Tapestry, Inc. |  |  |
| 5.10%, 03/11/30<sup>(a)</sup> | &nbsp;&nbsp; 2043 | 2109386 |
| 5.50%, 03/11/35 | &nbsp;&nbsp; 5125 | 5315956 |
|  |  | 7425342 |
| **Banks — 13.1%** | **Banks — 13.1%** | **Banks — 13.1%** |
| Bank of America Corp. |  |  |
| 3.19%, 07/23/30, (3-mo. CME Term SOFR + <br> 1.44%)<sup>(b)</sup><br>| &nbsp;&nbsp; 2223 | 2162069 |
| Series FF, 5.88%, (3-mo. SOFR + 3.193%)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp; 5990 | 6103259 |
| Series TT, 6.13%, (5-year CMT + 3.23%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7204 | 7299712 |
| Citibank N.A. |  |  |
| 4.58%, 05/29/27 | &nbsp;&nbsp; 1370 | 1382043 |
| 4.93%, 08/06/26 | &nbsp;&nbsp; 4899 | 4917560 |
| 5.49%, 12/04/26 | &nbsp;&nbsp; 750 | 758135 |
| 5.80%, 09/29/28 | &nbsp;&nbsp; 120 | 125678 |
| Citigroup, Inc., 3.40%, 05/01/26 | &nbsp;&nbsp; 238 | 237770 |
| Citizens Financial Group, Inc. |  |  |
| 5.72%, 07/23/32, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 1755 | 1848787 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.84%, 01/23/30, (1-day SOFR + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; $5930 | $6200635 |
| 6.65%, 04/25/35, (1-day SOFR + 2.33%)<sup>(b)</sup> | &nbsp;&nbsp; 525 | 581079 |
| Fifth Third Bancorp |  |  |
| 4.77%, 07/28/30, (1-day SOFR + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 2366 | 2405642 |
| 5.63%, 01/29/32, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 6271 | 6614852 |
| First Horizon Corp., 5.51%, 03/07/31, (1-day SOFR <br> + 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1845 | 1910166 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 5.33%, 07/23/35, (1-day SOFR + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 4585 | 4732804 |
| 6.48%, 10/24/29, (1-day SOFR + 1.77%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5328 | 5640288 |
| HSBC Holdings PLC |  |  |
| 2.36%, 08/18/31, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 385 | 354368 |
| 3.97%, 05/22/30, (3-mo. CME Term SOFR + <br> 1.87%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 7246 | 7206831 |
| 4.58%, 06/19/29, (3-mo. CME Term SOFR + <br> 1.80%)<sup>(b)</sup><br>| &nbsp;&nbsp; 3153 | 3185487 |
| 5.55%, 03/04/30, (1-day SOFR + 1.46%)<sup>(b)</sup> | &nbsp;&nbsp; 6156 | 6403106 |
| 7.39%, 11/03/28, (1-day SOFR + 3.35%)<sup>(b)</sup> | &nbsp;&nbsp; 6963 | 7336700 |
| Huntington Bancshares, Inc./Ohio, 6.21%, 08/21/29, <br> (1-day SOFR + 2.02%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6502 | 6828614 |
| JPMorgan Chase & Co. |  |  |
| 2.55%, 11/08/32, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 7787 | 7092135 |
| 2.96%, 01/25/33, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 7931 | 7355906 |
| 5.04%, 01/23/28, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 1645 | 1659693 |
| Series NN, 6.88%, (5-year CMT + 2.73%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6706 | 7118023 |
| KeyCorp, 6.40%, 03/06/35, (1-day SOFR + <br> 2.42%)<sup>(b)</sup><br>| &nbsp;&nbsp; 6555 | 7148555 |
| M&T Bank Corp. |  |  |
| 5.05%, 01/27/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 2694 | 2736884 |
| 5.40%, 07/30/35, (5-year CMT + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 160 | 162294 |
| 6.08%, 03/13/32, (1-day SOFR + 2.26%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5396 | 5773102 |
| 7.41%, 10/30/29, (1-day SOFR + 2.80%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 350 | 379643 |
| Morgan Stanley |  |  |
| 2.70%, 01/22/31, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 7307 | 6914017 |
| 3.62%, 04/01/31, (1-day SOFR + 3.12%)<sup>(b)</sup> | &nbsp;&nbsp; 4552 | 4450915 |
| 4.21%, 04/20/28, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 7170 | 7183736 |
| Pinnacle Bank/Nashville TN, 5.96%, 01/15/36, <br> (5-year CMT + 2.30%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1525 | 1550181 |
| PNC Financial Services Group, Inc.(The) |  |  |
| Series U, 6.00%, (5-year CMT + 3.00%)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp; 7534 | 7596201 |
| Series V, 6.20%, (5-year CMT + 3.23%)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp; 6772 | 6878761 |
| Regions Financial Corp., 5.72%, 06/06/30, (1-day <br> SOFR + 1.49%)<sup>(b)</sup><br>| &nbsp;&nbsp; 4847 | 5077902 |
| Santander Holdings USA, Inc. |  |  |
| 5.74%, 03/20/31, (1-day SOFR + 1.88%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 4575 | 4764796 |
| 6.17%, 01/09/30, (1-day SOFR + 2.50%)<sup>(b)</sup> | &nbsp;&nbsp; 4120 | 4302626 |
| Santander U.K. Group Holdings PLC, 5.14%, <br> 09/22/36, (1-day SOFR+ 1.58%)<sup>(b)</sup><br>| &nbsp;&nbsp; 7185 | 7197877 |
| U.S. Bancorp, 5.30%, (3-mo. CME Term SOFR + <br> 3.17%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5844 | 5863349 |
| Wells Fargo & Co. |  |  |
| 4.90%, 07/25/33, (1-day SOFR + 2.10%)<sup>(b)</sup> | &nbsp;&nbsp; 2075 | 2116070 |
| 5.39%, 04/24/34, (1-day SOFR + 2.02%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 2375 | 2474999 |
| 7.63%, (5-year CMT + 3.606%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 4685 | 4999612 |
|  |  | 195032862 |
| **Beverages — 0.8%** | **Beverages — 0.8%** | **Beverages — 0.8%** |
| Anheuser-Busch Companies LLC/Anheuser-Busch <br> InBev Worldwide, Inc., 4.70%, 02/01/36<br>| &nbsp;&nbsp; 5416 | 5429985 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 5.45%, 01/23/39 | &nbsp;&nbsp; 381 | 399841 |
| 8.20%, 01/15/39 | &nbsp;&nbsp; 1256 | 1637555 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Investment Grade Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| Coca-Cola Co. (The), 2.75%, 06/01/60 | &nbsp;&nbsp; $4009 | $2402702 |
| Constellation Brands, Inc., 4.95%, 11/01/35 | &nbsp;&nbsp; 220 | 220416 |
| Keurig Dr Pepper, Inc., 5.15%, 05/15/35 | &nbsp;&nbsp; 1525 | 1545224 |
|  |  | 11635723 |
| **Biotechnology — 1.7%** | **Biotechnology — 1.7%** | **Biotechnology — 1.7%** |
| Amgen, Inc., 4.40%, 05/01/45 | &nbsp;&nbsp; 2657 | 2325644 |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/30 | &nbsp;&nbsp; 7128 | 6611839 |
| 5.75%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1596 | 1701901 |
| Bio-Rad Laboratories, Inc., 3.70%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5836 | 5562852 |
| Gilead Sciences, Inc., 5.65%, 12/01/41 | &nbsp;&nbsp; 1139 | 1193659 |
| Royalty Pharma PLC |  |  |
| 3.30%, 09/02/40 | &nbsp;&nbsp; 633 | 499976 |
| 5.15%, 09/02/29 | &nbsp;&nbsp; 299 | 309166 |
| 5.20%, 09/25/35 | &nbsp;&nbsp; 6110 | 6209278 |
| 5.40%, 09/02/34 | &nbsp;&nbsp; 463 | 479145 |
|  |  | 24893460 |
| **Building Materials — 1.0%** | **Building Materials — 1.0%** | **Building Materials — 1.0%** |
| Amrize Finance U.S. LLC, 5.40%, 04/07/35<sup>(a)</sup> | &nbsp;&nbsp; 603 | 630590 |
| Carlisle Companies, Inc., 2.75%, 03/01/30 | &nbsp;&nbsp; 1329 | 1262269 |
| CRH America Finance, Inc., 5.40%, 05/21/34<sup>(a)</sup> | &nbsp;&nbsp; 5060 | 5296871 |
| Eagle Materials, Inc. |  |  |
| 2.50%, 07/01/31 | &nbsp;&nbsp; 2252 | 2063606 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 5267 | 5216529 |
|  |  | 14469865 |
| **Chemicals — 0.5%** | **Chemicals — 0.5%** | **Chemicals — 0.5%** |
| CF Industries, Inc., 5.30%, 11/26/35<sup>(a)</sup> | &nbsp;&nbsp; 7170 | 7293782 |
| **Commercial Services — 0.8%** | **Commercial Services — 0.8%** | **Commercial Services — 0.8%** |
| Equifax, Inc., 2.35%, 09/15/31 | &nbsp;&nbsp; 4810 | 4308803 |
| Quanta Services, Inc. |  |  |
| 5.10%, 08/09/35 | &nbsp;&nbsp; 1640 | 1670016 |
| 5.25%, 08/09/34 | &nbsp;&nbsp; 1298 | 1344911 |
| Rollins, Inc., 5.25%, 02/24/35 | &nbsp;&nbsp; 1565 | 1608678 |
| Verisk Analytics, Inc., 5.25%, 03/15/35 | &nbsp;&nbsp; 2200 | 2235710 |
|  |  | 11168118 |
| **Computers — 1.5%** | **Computers — 1.5%** | **Computers — 1.5%** |
| Apple, Inc. |  |  |
| 2.55%, 08/20/60 | &nbsp;&nbsp; 11263 | 6343736 |
| 2.80%, 02/08/61 | &nbsp;&nbsp; 913 | 543389 |
| 2.85%, 08/05/61 | &nbsp;&nbsp; 3324 | 2011737 |
| CGI, Inc., 4.95%, 03/14/30 | &nbsp;&nbsp; 2339 | 2377602 |
| Leidos, Inc. |  |  |
| 2.30%, 02/15/31 | &nbsp;&nbsp; 633 | 575049 |
| 4.38%, 05/15/30 | &nbsp;&nbsp; 3434 | 3446255 |
| 5.40%, 03/15/32 | &nbsp;&nbsp; 1739 | 1814220 |
| 5.50%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1559 | 1624340 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 90 | 95562 |
| NetApp, Inc. |  |  |
| 5.50%, 03/17/32 | &nbsp;&nbsp; 1898 | 1978327 |
| 5.70%, 03/17/35<sup>(a)</sup> | &nbsp;&nbsp; 2098 | 2190288 |
|  |  | 23000505 |
| **Diversified Financial Services — 5.1%** | **Diversified Financial Services — 5.1%** | **Diversified Financial Services — 5.1%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 5890 | 5504208 |
| 6.50%, 01/31/56, (5-year CMT + 2.44%)<sup>(b)</sup> | &nbsp;&nbsp; 1960 | 2031895 |
| 6.95%, 03/10/55, (5-year CMT + 2.72%)<sup>(b)</sup> | &nbsp;&nbsp; 4942 | 5223075 |
| Apollo Global Management, Inc., 5.15%, 08/12/35<sup>(a)</sup> | &nbsp;&nbsp; 5910 | 5854860 |
| BGC Group, Inc., 6.15%, 04/02/30 | &nbsp;&nbsp; 2495 | 2598602 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Blue Owl Finance LLC, 6.25%, 04/18/34<sup>(a)</sup> | &nbsp;&nbsp; $6804 | $6797506 |
| Capital One Financial Corp. |  |  |
| 7.62%, 10/30/31, (1-day SOFR + 3.07%)<sup>(b)</sup> | &nbsp;&nbsp; 5850 | 6593822 |
| 7.96%, 11/02/34, (1-day SOFR + 3.37%)<sup>(b)</sup> | &nbsp;&nbsp; 5800 | 6827302 |
| Charles Schwab Corp. (The), Series K, 5.00%, <br> (5-year CMT + 3.25%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5210 | 5212235 |
| Enact Holdings, Inc., 6.25%, 05/28/29<sup>(a)</sup> | &nbsp;&nbsp; 4888 | 5129423 |
| LPL Holdings, Inc. |  |  |
| 5.20%, 03/15/30 | &nbsp;&nbsp; 2655 | 2710794 |
| 5.65%, 03/15/35 | &nbsp;&nbsp; 1770 | 1795973 |
| 5.75%, 06/15/35 | &nbsp;&nbsp; 1785 | 1823386 |
| 6.00%, 05/20/34<sup>(a)</sup> | &nbsp;&nbsp; 803 | 836757 |
| Radian Group, Inc., 6.20%, 05/15/29 | &nbsp;&nbsp; 519 | 544868 |
| Synchrony Financial |  |  |
| 5.02%, 07/29/29, (1-day SOFR + 1.40%)<sup>(b)</sup> | &nbsp;&nbsp; 1470 | 1488910 |
| 5.45%, 03/06/31, (1-day SOFR + 1.68%)<sup>(b)</sup> | &nbsp;&nbsp; 280 | 285992 |
| 5.94%, 08/02/30, (1-day SOFR + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 4840 | 5022819 |
| 6.00%, 07/29/36, (1-day SOFR + 2.07%)<sup>(b)</sup> | &nbsp;&nbsp; 1445 | 1472641 |
| TPG Operating Group II LP, 5.38%, 01/15/36 | &nbsp;&nbsp; 1605 | 1585723 |
| Visa, Inc., 2.00%, 08/15/50<sup>(a)</sup> | &nbsp;&nbsp; 12698 | 7001836 |
|  |  | 76342627 |
| **Electric — 11.0%** | **Electric — 11.0%** | **Electric — 11.0%** |
| Ameren Corp., 5.38%, 03/15/35 | &nbsp;&nbsp; 4316 | 4456632 |
| Ameren Illinois Co., 5.55%, 07/01/54 | &nbsp;&nbsp; 1381 | 1377429 |
| American Electric Power Co., Inc., 5.63%, <br> 03/01/33<sup>(a)</sup><br>| &nbsp;&nbsp; 5617 | 5958375 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 1337 | 1379232 |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 358 | 367009 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 1011 | 1034201 |
| Series AQ, 4.95%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1873 | 1902809 |
| CenterPoint Energy, Inc. |  |  |
| 5.40%, 06/01/29 | &nbsp;&nbsp; 1015 | 1055945 |
| 6.70%, 05/15/55, (5-year CMT + 2.59%)<sup>(b)</sup> | &nbsp;&nbsp; 912 | 942742 |
| Commonwealth Edison Co., 5.95%, 06/01/55 | &nbsp;&nbsp; 2243 | 2343869 |
| Consumers Energy Co. |  |  |
| 4.63%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 692 | 701374 |
| 5.05%, 05/15/35 | &nbsp;&nbsp; 2085 | 2147811 |
| Dominion Energy, Inc. |  |  |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 2329 | 2406517 |
| Series A, 6.88%, 02/01/55, (5-year CMT + <br> 2.39%)<sup>(b)</sup><br>| &nbsp;&nbsp; 7046 | 7377902 |
| DTE Electric Co. |  |  |
| 5.20%, 04/01/33 | &nbsp;&nbsp; 329 | 344710 |
| 5.20%, 03/01/34 | &nbsp;&nbsp; 152 | 158845 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 1984 | 2060507 |
| 5.85%, 05/15/55 | &nbsp;&nbsp; 918 | 953824 |
| DTE Energy Co., 5.85%, 06/01/34 | &nbsp;&nbsp; 5563 | 5983552 |
| Duke Energy Carolinas LLC |  |  |
| 3.20%, 08/15/49 | &nbsp;&nbsp; 4096 | 2877357 |
| 4.95%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1227 | 1271913 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 484 | 505155 |
| Duke Energy Florida LLC |  |  |
| 4.85%, 12/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2170 | 2186579 |
| 5.88%, 11/15/33 | &nbsp;&nbsp; 1000 | 1085194 |
| 6.20%, 11/15/53 | &nbsp;&nbsp; 649 | 704453 |
| Duke Energy Progress LLC |  |  |
| 5.05%, 03/15/35 | &nbsp;&nbsp; 3754 | 3852427 |
| 5.55%, 03/15/55 | &nbsp;&nbsp; 3930 | 3919270 |
| Emera U.S. Finance LP, 4.75%, 06/15/46 | &nbsp;&nbsp; 8176 | 7068987 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Investment Grade Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Entergy Corp., 7.13%, 12/01/54, (5-year CMT + <br> 2.67%)<sup>(b)</sup><br>| &nbsp;&nbsp; $6655 | $6962494 |
| Entergy Louisiana LLC |  |  |
| 4.00%, 03/15/33 | &nbsp;&nbsp; 320 | 311371 |
| 5.35%, 03/15/34 | &nbsp;&nbsp; 771 | 811419 |
| 5.80%, 03/15/55 | &nbsp;&nbsp; 670 | 681367 |
| Entergy Mississippi LLC, 5.80%, 04/15/55 | &nbsp;&nbsp; 668 | 677299 |
| Entergy Texas, Inc., 5.25%, 04/15/35 | &nbsp;&nbsp; 1582 | 1641764 |
| Evergy Kansas Central, Inc., 5.25%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1845 | 1897407 |
| Evergy, Inc., 6.65%, 06/01/55, (5-year CMT + <br> 2.56%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1380 | 1420870 |
| Florida Power & Light Co. |  |  |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 4172 | 3376856 |
| 5.30%, 06/15/34 | &nbsp;&nbsp; 6562 | 6917886 |
| 5.80%, 03/15/65 | &nbsp;&nbsp; 428 | 439735 |
| Kentucky Utilities Co., 5.85%, 08/15/55 | &nbsp;&nbsp; 1833 | 1885498 |
| Louisville Gas and Electric Co., 5.85%, 08/15/55 | &nbsp;&nbsp; 2422 | 2484492 |
| National Grid PLC |  |  |
| 5.42%, 01/11/34<sup>(a)</sup> | &nbsp;&nbsp; 2092 | 2186317 |
| 5.81%, 06/12/33<sup>(a)</sup> | &nbsp;&nbsp; 5044 | 5395969 |
| NextEra Energy Capital Holdings, Inc., 6.70%, <br> 09/01/54, (5-year CMT + 2.36%)<sup>(b)</sup><br>| &nbsp;&nbsp; 6753 | 7011917 |
| Oncor Electric Delivery Co. LLC |  |  |
| 4.65%, 11/01/29 | &nbsp;&nbsp; 1430 | 1462931 |
| 5.35%, 04/01/35<sup>(a)(d)</sup> | &nbsp;&nbsp; 2171 | 2260862 |
| 5.55%, 06/15/54 | &nbsp;&nbsp; 3778 | 3751744 |
| 5.65%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 125 | 134111 |
| 5.80%, 04/01/55<sup>(d)</sup> | &nbsp;&nbsp; 2308 | 2371507 |
| PECO Energy Co. |  |  |
| 5.25%, 09/15/54 | &nbsp;&nbsp; 1062 | 1008607 |
| 5.65%, 09/15/55 | &nbsp;&nbsp; 1660 | 1679362 |
| PPL Electric Utilities Corp. |  |  |
| 4.85%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 171 | 175010 |
| 5.00%, 05/15/33 | &nbsp;&nbsp; 368 | 380178 |
| 5.25%, 05/15/53 | &nbsp;&nbsp; 4552 | 4385195 |
| Public Service Co. of Colorado |  |  |
| 5.35%, 05/15/34 | &nbsp;&nbsp; 5646 | 5893762 |
| 5.75%, 05/15/54 | &nbsp;&nbsp; 1722 | 1737105 |
| Public Service Co. of Oklahoma |  |  |
| 5.20%, 01/15/35 | &nbsp;&nbsp; 1560 | 1593200 |
| 5.45%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1052 | 1090002 |
| Public Service Electric and Gas Co. |  |  |
| 4.85%, 08/01/34 | &nbsp;&nbsp; 625 | 635243 |
| 5.30%, 08/01/54 | &nbsp;&nbsp; 1176 | 1141438 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 819 | 809657 |
| Series Q, 5.50%, 03/01/55 | &nbsp;&nbsp; 266 | 263582 |
| Series R, 5.63%, 01/01/56<sup>(a)</sup> | &nbsp;&nbsp; 1795 | 1833152 |
| Sempra |  |  |
| 4.13%, 04/01/52, (5-year CMT + 2.87%)<sup>(b)</sup> | &nbsp;&nbsp; 4607 | 4547235 |
| 6.88%, 10/01/54, (5-year CMT + 2.79%)<sup>(b)</sup> | &nbsp;&nbsp; 6791 | 6995219 |
| Southern Co. (The), 4.40%, 07/01/46 | &nbsp;&nbsp; 567 | 484845 |
| Southwestern Public Service Co. |  |  |
| 5.30%, 05/15/35 | &nbsp;&nbsp; 1618 | 1670924 |
| 6.00%, 06/01/54 | &nbsp;&nbsp; 760 | 788343 |
| System Energy Resources, Inc., 5.30%, 12/15/34 | &nbsp;&nbsp; 1215 | 1240367 |
| Union Electric Co., 5.25%, 04/15/35 | &nbsp;&nbsp; 1505 | 1560535 |
| Xcel Energy, Inc., 5.45%, 08/15/33 | &nbsp;&nbsp; 2370 | 2474150 |
|  |  | 162895547 |
| **Electronics — 0.9%** | **Electronics — 0.9%** | **Electronics — 0.9%** |
| Flex Ltd., 5.38%, 11/13/35 | &nbsp;&nbsp; 2155 | 2178620 |
| Jabil, Inc., 4.75%, 02/01/33 | &nbsp;&nbsp; 1950 | 1942867 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| Keysight Technologies, Inc., 4.95%, 10/15/34 | &nbsp;&nbsp; $1414 | $1441577 |
| TD SYNNEX Corp., 5.30%, 10/10/35 | &nbsp;&nbsp; 2155 | 2148430 |
| Trimble, Inc., 6.10%, 03/15/33 | &nbsp;&nbsp; 5372 | 5724864 |
|  |  | 13436358 |
| **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** |
| Jacobs Engineering Group, Inc., 6.35%, 08/18/28 | &nbsp;&nbsp; 400 | 420411 |
| MasTec, Inc., 5.90%, 06/15/29 | &nbsp;&nbsp; 760 | 797689 |
|  |  | 1218100 |
| **Food — 2.2%** | **Food — 2.2%** | **Food — 2.2%** |
| General Mills, Inc., 5.25%, 01/30/35<sup>(a)</sup> | &nbsp;&nbsp; 4715 | 4837608 |
| J M Smucker Co. (The), 6.50%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 995 | 1086015 |
| Kraft Heinz Foods Co. |  |  |
| 5.20%, 03/15/32 | &nbsp;&nbsp; 1355 | 1404605 |
| 5.20%, 07/15/45<sup>(a)</sup> | &nbsp;&nbsp; 7067 | 6471554 |
| 5.40%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1729 | 1786340 |
| Pilgrim's Pride Corp. |  |  |
| 3.50%, 03/01/32 | &nbsp;&nbsp; 1098 | 1028530 |
| 6.25%, 07/01/33<sup>(a)</sup> | &nbsp;&nbsp; 6320 | 6811298 |
| Sysco Corp., 6.60%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 3093 | 3462950 |
| Tyson Foods, Inc., 5.70%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5986 | 6369505 |
|  |  | 33258405 |
| **Gas — 0.7%** | **Gas — 0.7%** | **Gas — 0.7%** |
| National Fuel Gas Co. |  |  |
| 5.50%, 03/15/30 | &nbsp;&nbsp; 1475 | 1534961 |
| 5.95%, 03/15/35 | &nbsp;&nbsp; 1580 | 1683259 |
| NiSource, Inc. |  |  |
| 5.35%, 04/01/34 | &nbsp;&nbsp; 576 | 601258 |
| 5.35%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6158 | 6357905 |
|  |  | 10177383 |
| **Health Care - Products — 1.3%** | **Health Care - Products — 1.3%** | **Health Care - Products — 1.3%** |
| Smith & Nephew PLC, 2.03%, 10/14/30 | &nbsp;&nbsp; 7862 | 7132938 |
| Solventum Corp., 5.60%, 03/23/34<sup>(a)</sup> | &nbsp;&nbsp; 6788 | 7097162 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 2.60%, 11/24/31 | &nbsp;&nbsp; 3863 | 3533509 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 1528 | 1571537 |
|  |  | 19335146 |
| **Health Care - Services — 2.7%** | **Health Care - Services — 2.7%** | **Health Care - Services — 2.7%** |
| Cigna Group(The) |  |  |
| 4.80%, 08/15/38 | &nbsp;&nbsp; 7057 | 6841219 |
| 4.80%, 07/15/46 | &nbsp;&nbsp; 5054 | 4535107 |
| 4.90%, 12/15/48 | &nbsp;&nbsp; 574 | 516336 |
| 5.25%, 02/15/34 | &nbsp;&nbsp; 277 | 287358 |
| HCA, Inc. |  |  |
| 3.63%, 03/15/32 | &nbsp;&nbsp; 7420 | 7070304 |
| 5.13%, 06/15/39 | &nbsp;&nbsp; 3105 | 3028311 |
| 5.25%, 06/15/49 | &nbsp;&nbsp; 3328 | 3051035 |
| 5.50%, 06/15/47 | &nbsp;&nbsp; 2462 | 2347191 |
| Laboratory Corp. of America Holdings, 4.80%, <br> 10/01/34<br>| &nbsp;&nbsp; 5905 | 5922916 |
| Universal Health Services, Inc., 2.65%, 10/15/30 | &nbsp;&nbsp; 6270 | 5771279 |
|  |  | 39371056 |
| **Holding Companies - Diversified — 1.3%** | **Holding Companies - Diversified — 1.3%** | **Holding Companies - Diversified — 1.3%** |
| Ares Capital Corp. |  |  |
| 5.10%, 01/15/31 | &nbsp;&nbsp; 290 | 283017 |
| 5.88%, 03/01/29 | &nbsp;&nbsp; 6413 | 6531566 |
| 5.95%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1893 | 1936145 |
| Blackstone Secured Lending Fund |  |  |
| 5.13%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp; 1600 | 1550890 |
| 5.30%, 06/30/30 | &nbsp;&nbsp; 1769 | 1738216 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Investment Grade Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| 5.35%, 04/13/28<sup>(a)</sup> | &nbsp;&nbsp; $1747 | $1753519 |
| Golub Capital BDC, Inc., 6.00%, 07/15/29 | &nbsp;&nbsp; 5326 | 5347847 |
|  |  | 19141200 |
| **Home Builders — 0.3%** | **Home Builders — 0.3%** | **Home Builders — 0.3%** |
| NVR, Inc., 3.00%, 05/15/30 | &nbsp;&nbsp; 3435 | 3287057 |
| Toll Brothers Finance Corp., 5.60%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1484 | 1570582 |
|  |  | 4857639 |
| **Insurance — 4.4%** | **Insurance — 4.4%** | **Insurance — 4.4%** |
| American International Group, Inc., 5.13%, <br> 03/27/33<br>| &nbsp;&nbsp; 4787 | 4933804 |
| American National Group, Inc. |  |  |
| 5.75%, 10/01/29 | &nbsp;&nbsp; 1432 | 1457118 |
| 6.00%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2228 | 2210268 |
| Aon Corp./Aon Global Holdings PLC, 5.35%, <br> 02/28/33<sup>(a)</sup><br>| &nbsp;&nbsp; 4031 | 4218129 |
| Brown & Brown, Inc. |  |  |
| 4.90%, 06/23/30 | &nbsp;&nbsp; 65 | 66077 |
| 5.25%, 06/23/32 | &nbsp;&nbsp; 260 | 264894 |
| 5.55%, 06/23/35 | &nbsp;&nbsp; 6820 | 6958155 |
| 5.65%, 06/11/34 | &nbsp;&nbsp; 939 | 966484 |
| CNA Financial Corp., 5.20%, 08/15/35 | &nbsp;&nbsp; 1635 | 1644781 |
| Corebridge Financial, Inc. |  |  |
| 5.75%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 388 | 401350 |
| 6.88%, 12/15/52, (5-year CMT + 3.85%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 6107 | 6240005 |
| 6.88%<sup>(a)(b)(c)</sup> | &nbsp;&nbsp; 1716 | 1759894 |
| Fairfax Financial Holdings Ltd. |  |  |
| 3.38%, 03/03/31 | &nbsp;&nbsp; 1036 | 987512 |
| 5.63%, 08/16/32 | &nbsp;&nbsp; 4363 | 4570899 |
| 5.75%, 05/20/35 | &nbsp;&nbsp; 1164 | 1213983 |
| 6.00%, 12/07/33 | &nbsp;&nbsp; 1659 | 1773328 |
| Hanover Insurance Group, Inc. (The), 5.50%, <br> 09/01/35<sup>(a)</sup><br>| &nbsp;&nbsp; 1618 | 1652224 |
| MetLife, Inc., Series G, 6.35%, 03/15/55, (5-year <br> CMT + 2.08%)<sup>(b)</sup><br>| &nbsp;&nbsp; 6540 | 6792797 |
| Prudential Financial, Inc. |  |  |
| 3.70%, 10/01/50, (5-year CMT + 3.04%)<sup>(b)</sup> | &nbsp;&nbsp; 2338 | 2175536 |
| 5.70%, 09/15/48, (3-mo. SOFR US + 2.93%)<sup>(b)</sup> | &nbsp;&nbsp; 6725 | 6772169 |
| Reinsurance Group of America, Inc. |  |  |
| 5.75%, 09/15/34 | &nbsp;&nbsp; 801 | 839229 |
| 6.65%, 09/15/55, (5-year CMT + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 1360 | 1407907 |
| Willis North America, Inc., 5.35%, 05/15/33 | &nbsp;&nbsp; 5093 | 5245806 |
|  |  | 64552349 |
| **Internet — 1.7%** | **Internet — 1.7%** | **Internet — 1.7%** |
| Alphabet, Inc. |  |  |
| 2.05%, 08/15/50 | &nbsp;&nbsp; 4486 | 2474906 |
| 2.25%, 08/15/60<sup>(a)</sup> | &nbsp;&nbsp; 13205 | 6942070 |
| Amazon.com, Inc., 2.70%, 06/03/60 | &nbsp;&nbsp; 2009 | 1137222 |
| AppLovin Corp. |  |  |
| 5.38%, 12/01/31 | &nbsp;&nbsp; 6219 | 6409778 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 1379 | 1405867 |
| VeriSign, Inc. |  |  |
| 2.70%, 06/15/31 | &nbsp;&nbsp; 5913 | 5380872 |
| 5.25%, 06/01/32 | &nbsp;&nbsp; 1630 | 1668376 |
|  |  | 25419091 |
| **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** |
| Steel Dynamics, Inc., 5.38%, 08/15/34 | &nbsp;&nbsp; 955 | 992519 |
| **Lodging — 0.8%** | **Lodging — 0.8%** | **Lodging — 0.8%** |
| Hyatt Hotels Corp., 5.75%, 03/30/32 | &nbsp;&nbsp; 1795 | 1895952 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| Marriott International, Inc./MD |  |  |
| 5.25%, 10/15/35 | &nbsp;&nbsp; $200 | $204947 |
| 5.30%, 05/15/34 | &nbsp;&nbsp; 375 | 389919 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 6794 | 7057801 |
| Series GG, 3.50%, 10/15/32 | &nbsp;&nbsp; 967 | 913344 |
| Series HH, 2.85%, 04/15/31 | &nbsp;&nbsp; 1623 | 1519624 |
|  |  | 11981587 |
| **Machinery — 0.5%** | **Machinery — 0.5%** | **Machinery — 0.5%** |
| IDEX Corp., 4.95%, 09/01/29 | &nbsp;&nbsp; 641 | 658313 |
| Ingersoll Rand, Inc., 5.70%, 08/14/33 | &nbsp;&nbsp; 6403 | 6852032 |
|  |  | 7510345 |
| **Manufacturing — 0.1%** | **Manufacturing — 0.1%** | **Manufacturing — 0.1%** |
| Textron, Inc., 5.50%, 05/15/35 | &nbsp;&nbsp; 1537 | 1617126 |
| **Media — 1.5%** | **Media — 1.5%** | **Media — 1.5%** |
| Comcast Corp. |  |  |
| 1.95%, 01/15/31 | &nbsp;&nbsp; 1663 | 1503480 |
| 5.17%, 01/15/37<sup>(d)</sup> | &nbsp;&nbsp; 7265 | 7314875 |
| 6.05%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 2835 | 2902911 |
| Fox Corp. |  |  |
| 5.48%, 01/25/39 | &nbsp;&nbsp; 5997 | 5963748 |
| 6.50%, 10/13/33 | &nbsp;&nbsp; 2439 | 2676999 |
| Walt Disney Co. (The), 6.65%, 11/15/37 | &nbsp;&nbsp; 1057 | 1221005 |
|  |  | 21583018 |
| **Mining — 0.8%** | **Mining — 0.8%** | **Mining — 0.8%** |
| Freeport-McMoRan, Inc., 5.45%, 03/15/43<sup>(a)</sup> | &nbsp;&nbsp; 7064 | 6989015 |
| Southern Copper Corp. |  |  |
| 5.88%, 04/23/45 | &nbsp;&nbsp; 2937 | 3078889 |
| 6.75%, 04/16/40 | &nbsp;&nbsp; 1904 | 2186611 |
|  |  | 12254515 |
| **Office & Business Equipment — 0.4%** | **Office & Business Equipment — 0.4%** | **Office & Business Equipment — 0.4%** |
| CDW LLC/CDW Finance Corp., 3.57%, 12/01/31 | &nbsp;&nbsp; 6525 | 6074052 |
| **Oil & Gas — 5.5%** | **Oil & Gas — 5.5%** | **Oil & Gas — 5.5%** |
| Antero Resources Corp., 5.40%, 02/01/36 | &nbsp;&nbsp; 5475 | 5481432 |
| BP Capital Markets PLC |  |  |
| 4.88%, (5-year CMT + 4.40%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7315 | 7290730 |
| 6.45%, (5-year CMT + 2.15%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5255 | 5601152 |
| Canadian Natural Resources Ltd., 5.40%, <br> 12/15/34<sup>(a)</sup><br>| &nbsp;&nbsp; 2334 | 2417495 |
| Diamondback Energy, Inc., 6.25%, 03/15/33 | &nbsp;&nbsp; 6519 | 7129658 |
| EQT Corp. |  |  |
| 4.50%, 01/15/29 | &nbsp;&nbsp; 2780 | 2804123 |
| 4.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4222 | 4281814 |
| Expand Energy Corp., 5.70%, 01/15/35 | &nbsp;&nbsp; 5160 | 5403244 |
| HF Sinclair Corp., 6.25%, 01/15/35 | &nbsp;&nbsp; 2231 | 2348896 |
| Occidental Petroleum Corp. |  |  |
| 5.38%, 01/01/32<sup>(a)</sup> | &nbsp;&nbsp; 6770 | 7047479 |
| 8.88%, 07/15/30 | &nbsp;&nbsp; 3105 | 3607476 |
| Phillips 66 Co., Series A, 5.88%, 03/15/56, (5-year <br> CMT + 2.28%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 7270 | 7309549 |
| Valero Energy Corp., 6.63%, 06/15/37 | &nbsp;&nbsp; 4095 | 4605431 |
| Viper Energy Partners LLC |  |  |
| 4.90%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1969 | 2008872 |
| 5.70%, 08/01/35 | &nbsp;&nbsp; 5927 | 6148314 |
| Woodside Finance Ltd. |  |  |
| 5.40%, 05/19/30 | &nbsp;&nbsp; 6125 | 6354442 |
| 5.70%, 05/19/32<sup>(a)</sup> | &nbsp;&nbsp; 1810 | 1917117 |
| 6.00%, 05/19/35 | &nbsp;&nbsp; 265 | 280548 |
|  |  | 82037772 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Investment Grade Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers — 0.6%** | **Packaging & Containers — 0.6%** | **Packaging & Containers — 0.6%** |
| Berry Global, Inc. |  |  |
| 5.65%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; $5430 | $5736271 |
| 5.80%, 06/15/31 | &nbsp;&nbsp; 2760 | 2939121 |
|  |  | 8675392 |
| **Pharmaceuticals — 4.0%** | **Pharmaceuticals — 4.0%** | **Pharmaceuticals — 4.0%** |
| AstraZeneca PLC, 6.45%, 09/15/37 | &nbsp;&nbsp; 4651 | 5334790 |
| Cardinal Health, Inc. |  |  |
| 5.35%, 11/15/34 | &nbsp;&nbsp; 6011 | 6252832 |
| 5.45%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 943 | 991855 |
| Cencora, Inc., 2.70%, 03/15/31 | &nbsp;&nbsp; 7177 | 6688090 |
| CVS Health Corp. |  |  |
| 4.78%, 03/25/38 | &nbsp;&nbsp; 862 | 823637 |
| 5.25%, 02/21/33<sup>(a)</sup> | &nbsp;&nbsp; 2354 | 2445084 |
| 5.30%, 06/01/33 | &nbsp;&nbsp; 6594 | 6836330 |
| 5.45%, 09/15/35 | &nbsp;&nbsp; 175 | 180748 |
| 5.70%, 06/01/34 | &nbsp;&nbsp; 6519 | 6883726 |
| 6.00%, 06/01/44 | &nbsp;&nbsp; 120 | 121845 |
| 6.00%, 06/01/63<sup>(a)</sup> | &nbsp;&nbsp; 203 | 199161 |
| Eli Lilly & Co. |  |  |
| 2.25%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 10071 | 5897310 |
| 2.50%, 09/15/60 | &nbsp;&nbsp; 6068 | 3373297 |
| Johnson & Johnson |  |  |
| 2.25%, 09/01/50 | &nbsp;&nbsp; 9949 | 5966488 |
| 2.45%, 09/01/60 | &nbsp;&nbsp; 12182 | 6818792 |
|  |  | 58813985 |
| **Pipelines — 7.9%** | **Pipelines — 7.9%** | **Pipelines — 7.9%** |
| Boardwalk Pipelines LP, 5.63%, 08/01/34 | &nbsp;&nbsp; 475 | 502458 |
| Cheniere Corpus Christi Holdings LLC |  |  |
| 3.70%, 11/15/29 | &nbsp;&nbsp; 696 | 686437 |
| 5.13%, 06/30/27 | &nbsp;&nbsp; 5682 | 5735750 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/32 | &nbsp;&nbsp; 752 | 701126 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 5537 | 5427293 |
| 5.75%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 421 | 444880 |
| 5.95%, 06/30/33<sup>(a)</sup> | &nbsp;&nbsp; 972 | 1042647 |
| Cheniere Energy, Inc., 5.65%, 04/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6682 | 7026511 |
| Enbridge, Inc. |  |  |
| 5.50%, 07/15/77, (3-mo. CME Term SOFR + <br> 3.68%)<sup>(b)</sup><br>| &nbsp;&nbsp; 6118 | 6144467 |
| 6.25%, 03/01/78, (3-mo. CME Term SOFR + <br> 3.90%)<sup>(b)</sup><br>| &nbsp;&nbsp; 2264 | 2306851 |
| 8.25%, 01/15/84, (5-year CMT + 3.79%)<sup>(b)</sup> | &nbsp;&nbsp; 2078 | 2238405 |
| Series 20-A, 5.75%, 07/15/80, (5-year CMT + <br> 5.31%)<sup>(b)</sup><br>| &nbsp;&nbsp; 2761 | 2810038 |
| Energy Transfer LP |  |  |
| 5.75%, 02/15/33 | &nbsp;&nbsp; 2716 | 2886558 |
| 6.55%, 12/01/33 | &nbsp;&nbsp; 6302 | 6979560 |
| Kinder Morgan, Inc. |  |  |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 4474 | 4554393 |
| 5.20%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3573 | 3728480 |
| 5.30%, 12/01/34 | &nbsp;&nbsp; 365 | 378665 |
| MPLX LP |  |  |
| 2.65%, 08/15/30 | &nbsp;&nbsp; 331 | 310167 |
| 4.50%, 04/15/38 | &nbsp;&nbsp; 1501 | 1392720 |
| 4.95%, 09/01/32 | &nbsp;&nbsp; 1196 | 1217632 |
| 5.00%, 03/01/33 | &nbsp;&nbsp; 5663 | 5756252 |
| 5.50%, 06/01/34 | &nbsp;&nbsp; 430 | 445725 |
| ONEOK, Inc. |  |  |
| 5.65%, 09/01/34 | &nbsp;&nbsp; 990 | 1034564 |
| 6.05%, 09/01/33 | &nbsp;&nbsp; 5004 | 5372939 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 6.10%, 11/15/32 | &nbsp;&nbsp; $2235 | $2412581 |
| Plains All American Pipeline LP, 5.95%, 06/15/35 | &nbsp;&nbsp; 6928 | 7319631 |
| Plains All American Pipeline LP/PAA Finance Corp., <br> 5.60%, 01/15/36<br>| &nbsp;&nbsp; 1660 | 1701798 |
| Sabine Pass Liquefaction LLC, 4.50%, 05/15/30 | &nbsp;&nbsp; 6701 | 6775745 |
| Targa Resources Corp., 6.13%, 03/15/33 | &nbsp;&nbsp; 2976 | 3219861 |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp., 4.00%, 01/15/32<br>| &nbsp;&nbsp; 7241 | 7025509 |
| TransCanada PipeLines Ltd., 7.00%, 06/01/65, <br> (5-year CMT + 2.61%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5080 | 5283022 |
| Transcanada Trust, 5.30%, 03/15/77<sup>(b)</sup> | &nbsp;&nbsp; 5001 | 5020404 |
| Western Midstream Operating LP |  |  |
| 4.05%, 02/01/30 | &nbsp;&nbsp; 1892 | 1868996 |
| 4.80%, 03/01/31 | &nbsp;&nbsp; 460 | 463897 |
| 5.45%, 11/15/34<sup>(a)</sup> | &nbsp;&nbsp; 708 | 720230 |
| 5.50%, 12/15/35<sup>(a)</sup> | &nbsp;&nbsp; 460 | 463966 |
| 6.15%, 04/01/33 | &nbsp;&nbsp; 4982 | 5331143 |
| 6.35%, 01/15/29 | &nbsp;&nbsp; 596 | 629807 |
|  |  | 117361108 |
| **Real Estate — 0.6%** | **Real Estate — 0.6%** | **Real Estate — 0.6%** |
| CBRE Services, Inc. |  |  |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 1049 | 1086926 |
| 5.95%, 08/15/34 | &nbsp;&nbsp; 6622 | 7082294 |
|  |  | 8169220 |
| **Real Estate Investment Trusts — 4.9%** | **Real Estate Investment Trusts — 4.9%** | **Real Estate Investment Trusts — 4.9%** |
| American Homes 4 Rent LP |  |  |
| 4.95%, 06/15/30 | &nbsp;&nbsp; 450 | 459191 |
| 5.25%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1385 | 1397053 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 340 | 351157 |
| 5.50%, 07/15/34 | &nbsp;&nbsp; 799 | 824988 |
| American Tower Corp., 2.90%, 01/15/30 | &nbsp;&nbsp; 1552 | 1482998 |
| Brixmor Operating Partnership LP |  |  |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 1274 | 1262588 |
| 4.13%, 05/15/29 | &nbsp;&nbsp; 2004 | 2007427 |
| Crown Castle, Inc. |  |  |
| 5.10%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp; 5074 | 5171328 |
| 5.80%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 4602 | 4874465 |
| Equinix Europe 2 Financing Corp. LLC, 5.50%, <br> 06/15/34<br>| &nbsp;&nbsp; 5145 | 5369086 |
| Extra Space Storage LP |  |  |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 3091 | 3140360 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 1050 | 1083130 |
| 5.40%, 06/15/35 | &nbsp;&nbsp; 1545 | 1596693 |
| 5.90%, 01/15/31 | &nbsp;&nbsp; 390 | 415443 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 3.25%, 01/15/32 | &nbsp;&nbsp; 6192 | 5647483 |
| 5.30%, 01/15/29 | &nbsp;&nbsp; 1462 | 1492401 |
| 5.63%, 09/15/34 | &nbsp;&nbsp; 818 | 832859 |
| 5.75%, 11/01/37 | &nbsp;&nbsp; 408 | 406301 |
| Healthcare Realty Holdings LP, 2.00%, 03/15/31 | &nbsp;&nbsp; 4003 | 3547663 |
| Healthpeak OP LLC, 5.38%, 02/15/35 | &nbsp;&nbsp; 1613 | 1663979 |
| Host Hotels & Resorts LP |  |  |
| 5.70%, 06/15/32 | &nbsp;&nbsp; 233 | 245457 |
| 5.70%, 07/01/34 | &nbsp;&nbsp; 1321 | 1377224 |
| Series I, 3.50%, 09/15/30 | &nbsp;&nbsp; 3059 | 2930276 |
| Invitation Homes Operating Partnership LP |  |  |
| 4.88%, 02/01/35 | &nbsp;&nbsp; 999 | 991648 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 1862 | 1875023 |
| NNN REIT, Inc., 5.50%, 06/15/34 | &nbsp;&nbsp; 227 | 237300 |
| Omega Healthcare Investors, Inc., 5.20%, 07/01/30 | &nbsp;&nbsp; 1827 | 1873773 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Investment Grade Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Sabra Health Care LP, 3.20%, 12/01/31 | &nbsp;&nbsp; $6343 | $5866051 |
| Sun Communities Operating LP |  |  |
| 2.70%, 07/15/31 | &nbsp;&nbsp; 5303 | 4866576 |
| 4.20%, 04/15/32 | &nbsp;&nbsp; 439 | 430398 |
| Ventas Realty LP, 5.63%, 07/01/34 | &nbsp;&nbsp; 178 | 187649 |
| VICI Properties LP |  |  |
| 4.95%, 02/15/30 | &nbsp;&nbsp; 389 | 395426 |
| 5.13%, 11/15/31 | &nbsp;&nbsp; 498 | 507033 |
| 5.13%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6971 | 7070911 |
| 5.63%, 04/01/35 | &nbsp;&nbsp; 900 | 926172 |
|  |  | 72807510 |
| **Retail — 1.5%** | **Retail — 1.5%** | **Retail — 1.5%** |
| AutoZone, Inc., 5.40%, 07/15/34 | &nbsp;&nbsp; 1149 | 1200608 |
| Dick's Sporting Goods, Inc. |  |  |
| 3.15%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5579 | 5189955 |
| 4.10%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 3259 | 2374982 |
| Dollar General Corp., 5.45%, 07/05/33<sup>(a)</sup> | &nbsp;&nbsp; 6700 | 7037945 |
| Ferguson Enterprises, Inc., 5.00%, 10/03/34 | &nbsp;&nbsp; 5231 | 5314201 |
| Walmart, Inc., 2.65%, 09/22/51 | &nbsp;&nbsp; 1616 | 1041334 |
|  |  | 22159025 |
| **Semiconductors — 1.0%** | **Semiconductors — 1.0%** | **Semiconductors — 1.0%** |
| Marvell Technology, Inc., 5.45%, 07/15/35 | &nbsp;&nbsp; 1685 | 1754144 |
| Micron Technology, Inc. |  |  |
| 5.80%, 01/15/35 | &nbsp;&nbsp; 1783 | 1909431 |
| 6.05%, 11/01/35 | &nbsp;&nbsp; 6564 | 7130350 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 3.40%, 05/01/30 | &nbsp;&nbsp; 434 | 420603 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 2015 | 2062219 |
| 5.25%, 08/19/35<sup>(a)</sup> | &nbsp;&nbsp; 310 | 316665 |
| TSMC Arizona Corp., 3.25%, 10/25/51<sup>(a)</sup> | &nbsp;&nbsp; 2420 | 1905105 |
|  |  | 15498517 |
| **Shipbuilding — 0.1%** | **Shipbuilding — 0.1%** | **Shipbuilding — 0.1%** |
| Huntington Ingalls Industries, Inc. |  |  |
| 5.35%, 01/15/30 | &nbsp;&nbsp; 1064 | 1104042 |
| 5.75%, 01/15/35 | &nbsp;&nbsp; 929 | 993740 |
|  |  | 2097782 |
| **Software — 4.7%** | **Software — 4.7%** | **Software — 4.7%** |
| Broadridge Financial Solutions, Inc. |  |  |
| 2.60%, 05/01/31 | &nbsp;&nbsp; 3784 | 3430318 |
| 2.90%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2888 | 2736475 |
| Microsoft Corp. |  |  |
| 2.68%, 06/01/60<sup>(a)</sup> | &nbsp;&nbsp; 11818 | 6842129 |
| 3.04%, 03/17/62<sup>(a)</sup> | &nbsp;&nbsp; 10237 | 6434997 |
| MSCI, Inc. |  |  |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 505 | 500413 |
| 5.25%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 7026 | 7034864 |
| Oracle Corp. |  |  |
| 2.88%, 03/25/31 | &nbsp;&nbsp; 506 | 459889 |
| 2.95%, 04/01/30 | &nbsp;&nbsp; 1949 | 1813786 |
| 4.30%, 07/08/34 | &nbsp;&nbsp; 6761 | 6198742 |
| 4.70%, 09/27/34<sup>(a)</sup> | &nbsp;&nbsp; 160 | 150361 |
| 5.20%, 09/26/35<sup>(a)</sup> | &nbsp;&nbsp; 4770 | 4609503 |
| 5.38%, 07/15/40 | &nbsp;&nbsp; 6351 | 5810193 |
| 5.50%, 08/03/35 | &nbsp;&nbsp; 2075 | 2051207 |
| 6.25%, 11/09/32<sup>(a)</sup> | &nbsp;&nbsp; 4229 | 4465494 |
| 6.90%, 11/09/52 | &nbsp;&nbsp; 3192 | 3158837 |
| Roper Technologies, Inc. |  |  |
| 4.90%, 10/15/34 | &nbsp;&nbsp; 555 | 551652 |
| 5.10%, 09/15/35 | &nbsp;&nbsp; 7170 | 7157502 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Workday, Inc., 3.80%, 04/01/32 | &nbsp;&nbsp; $6875 | $6521418 |
|  |  | 69927780 |
| **Telecommunications — 6.0%** | **Telecommunications — 6.0%** | **Telecommunications — 6.0%** |
| AT&T, Inc. |  |  |
| 4.50%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 752 | 732869 |
| 5.38%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6650 | 6907291 |
| 5.40%, 02/15/34 | &nbsp;&nbsp; 1268 | 1329052 |
| British Telecommunications PLC, 9.63%, 12/15/30 | &nbsp;&nbsp; 5962 | 7294148 |
| Corning, Inc., 5.45%, 11/15/79 | &nbsp;&nbsp; 1374 | 1303796 |
| Deutsche Telekom International Finance BV, 8.75%, <br> 06/15/30<br>| &nbsp;&nbsp; 6136 | 7200018 |
| Motorola Solutions, Inc. |  |  |
| 2.75%, 05/24/31 | &nbsp;&nbsp; 2313 | 2144799 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 3866 | 4040829 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 2588 | 2725378 |
| Orange SA, 9.00%, 03/01/31 | &nbsp;&nbsp; 5646 | 6811536 |
| Sprint Capital Corp., 8.75%, 03/15/32 | &nbsp;&nbsp; 5726 | 6999250 |
| TELUS Corp., 3.40%, 05/13/32<sup>(a)</sup> | &nbsp;&nbsp; 6962 | 6509576 |
| T-Mobile USA, Inc. |  |  |
| 2.55%, 02/15/31 | &nbsp;&nbsp; 4085 | 3781434 |
| 2.70%, 03/15/32 | &nbsp;&nbsp; 1332 | 1213477 |
| 3.60%, 11/15/60<sup>(a)</sup> | &nbsp;&nbsp; 7728 | 5200316 |
| 3.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6313 | 6264468 |
| 4.38%, 04/15/40 | &nbsp;&nbsp; 3404 | 3108504 |
| 4.50%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 982 | 823968 |
| Verizon Communications, Inc. |  |  |
| 4.27%, 01/15/36 | &nbsp;&nbsp; 1004 | 954734 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 1982 | 1942707 |
| 4.50%, 08/10/33 | &nbsp;&nbsp; 392 | 391008 |
| 5.25%, 04/02/35<sup>(a)</sup> | &nbsp;&nbsp; 3380 | 3480147 |
| 5.40%, 07/02/37 | &nbsp;&nbsp; 7225 | 7435692 |
|  |  | 88594997 |
| **Transportation — 1.4%** | **Transportation — 1.4%** | **Transportation — 1.4%** |
| FedEx Corp. |  |  |
| 3.25%, 05/15/41 | &nbsp;&nbsp; 2571 | 2026381 |
| 4.10%, 02/01/45 | &nbsp;&nbsp; 1381 | 1141831 |
| 4.95%, 10/17/48 | &nbsp;&nbsp; 2691 | 2465014 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 2043 | 1947157 |
| Fedex Freight Holding Co., Inc. |  |  |
| 4.95%, 03/15/33<sup>(d)</sup> | &nbsp;&nbsp; 2550 | 2549926 |
| 5.25%, 03/15/36<sup>(d)</sup> | &nbsp;&nbsp; 145 | 144551 |
| Union Pacific Corp., 3.80%, 04/06/71 | &nbsp;&nbsp; 8082 | 5675323 |
| United Parcel Service, Inc., 6.20%, 01/15/38 | &nbsp;&nbsp; 4227 | 4750484 |
|  |  | 20700667 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| Essential Utilities, Inc., 5.25%, 08/15/35 | &nbsp;&nbsp; 1655 | 1697556 |
| **Total Long-Term Investments — 98.8%** <br>**(Cost: $1,440,853,641)** | **Total Long-Term Investments — 98.8%** <br>**(Cost: $1,440,853,641)** | 1465289961 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 7.6%** | **Money Market Funds — 7.6%** | **Money Market Funds — 7.6%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(e)(f)(g)</sup><br>| &nbsp;&nbsp; 93678645 | 93725484 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Investment Grade Systematic Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Money Market Funds (continued)** | **Money Market Funds (continued)** | **Money Market Funds (continued)** |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(e)(f)</sup><br>| &nbsp;&nbsp; 19530000 | $19530000 |
| **Total Short-Term Securities — 7.6%** <br>**(Cost: $113,240,400)** | **Total Short-Term Securities — 7.6%** <br>**(Cost: $113,240,400)** | 113255484 |
| **Total Investments — 106.4%** <br>**(Cost: $1,554,094,041)** | **Total Investments — 106.4%** <br>**(Cost: $1,554,094,041)** | 1578545445 |
| **Liabilities in Excess of Other Assets — (6.4)%** | **Liabilities in Excess of Other Assets — (6.4)%** | (94784945)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1483760500 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

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

<sup>(c)</sup> Perpetual security with no stated maturity date.

<sup>(d)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(e)</sup> Affiliate of the Fund.

<sup>(f)</sup> Annualized 7-day yield as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(g)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $102003185 | $— | &nbsp;&nbsp; $(8279779 )<sup>(a)</sup><br>| $3070 | $(992)<br>| $93725484 | 93678645 | $200346 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| 2270000 | 17260000 <br><sup>(a)</sup><br>|  |  |  | 19530000 | 19530000 | 330748 |  |
|  |  |  |  | $3070 | $(992) | $113255484 |  | $531094 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1465289961 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1465289961 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 113255484 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 113255484 |
|  | &nbsp;&nbsp; $113255484 | &nbsp;&nbsp; $1465289961 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1578545445 |

---

*See notes to financial statements.*

Schedule of Investments

------

Statements of Assets and Liabilities

February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; iShares <br>High Yield <br> Systematic Bond <br> ETF <br>| &nbsp;&nbsp; iShares <br>Investment Grade <br> Systematic Bond <br> ETF <br>|
| **ASSETS** |  |  |
| Investments, at value—unaffiliated<sup>(a)(b)</sup> | $1631206058 | $1465289961 |
| Investments, at value—affiliated<sup>(c)</sup> | 258119089 | 113255484 |
| Cash | 8075 | 8178 |
| Foreign currency, at value<sup>(d)</sup> | 294 |  |
| Receivables: |  |  |
| Investments sold | 67941838 | 61589266 |
| Securities lending income—affiliated | 81401 | 27553 |
| Capital shares sold | 353803 |  |
| Dividends—affiliated | 43253 | 46037 |
| Interest—unaffiliated | 30881238 | 20546933 |
| Total assets | 1988635049 | 1660763412 |
| **LIABILITIES** |  |  |
| Collateral on securities loaned, at value | 236833935 | 93728359 |
| Payables: |  |  |
| Investments purchased | 57593567 | 83071260 |
| Investment advisory fees | 449784 | 203293 |
| Total liabilities | 294877286 | 177002912 |
| **Commitments and contingent liabilities** |  |  |
| NET ASSETS | $1693757763 | $1483760500 |
| **NET ASSETS CONSIST OF** |  |  |
| Paid-in capital | $1701471351 | $1469182949 |
| Accumulated earnings (loss) | (7713588) | 14577551 |
| NET ASSETS | $1693757763 | $1483760500 |
| **NET ASSET VALUE** |  |  |
| Shares outstanding | 35700000 | 32150000 |
| Net asset value | $47.44 | $46.15 |
| Shares authorized | Unlimited | Unlimited |
| Par value |  |  |
| <sup>(a)</sup> Investments, at cost—unaffiliated | $1606486885 | $1440853641 |
| <sup>(b)</sup> Securities loaned, at value | $228218011 | $90452309 |
| <sup>(c)</sup> Investments, at cost—affiliated | $258075326 | $113240400 |
| <sup>(d)</sup> Foreign currency, at cost | $242 | $— |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Operations

Year Ended February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | iShares <br>High Yield <br> Systematic <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>Investment <br> Grade <br> Systematic <br> Bond ETF <br>|
| **INVESTMENT INCOME** |  |  |
| Dividends—affiliated | &nbsp;&nbsp; $538951 | &nbsp;&nbsp;&nbsp; $330748 |
| Interest—unaffiliated | &nbsp;&nbsp; 115673371 | &nbsp;&nbsp;&nbsp; 66786530 |
| Securities lending income—affiliated—net | &nbsp;&nbsp; 1771921 | &nbsp;&nbsp;&nbsp; 200346 |
| Payment-in-kind interest—unaffiliated | &nbsp;&nbsp; 41691 | &nbsp;&nbsp;&nbsp; — |
| Other income—unaffiliated | &nbsp;&nbsp; 12962 | &nbsp;&nbsp;&nbsp; 1505 |
| Total investment income | &nbsp;&nbsp; 118038896 | &nbsp;&nbsp;&nbsp; 67319129 |
| EXPENSES |  |  |
| Investment advisory | &nbsp;&nbsp; 5590009 | &nbsp;&nbsp;&nbsp; 2336959 |
| Total expenses | &nbsp;&nbsp; 5590009 | &nbsp;&nbsp;&nbsp; 2336959 |
| Net investment income | &nbsp;&nbsp; 112448887 | &nbsp;&nbsp;&nbsp; 64982170 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |
| Net realized gain (loss) from: |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; (29123838)<br>| &nbsp;&nbsp;&nbsp; 4488298 |
| Investments—affiliated | &nbsp;&nbsp; (24048)<br>| &nbsp;&nbsp;&nbsp; 3070 |
| In-kind redemptions—unaffiliated<sup>(a)</sup> | &nbsp;&nbsp; 7294218 | &nbsp;&nbsp;&nbsp; 832992 |
|  | &nbsp;&nbsp; (21853668)<br>| &nbsp;&nbsp;&nbsp; 5324360 |
| Net change in unrealized appreciation (depreciation) on: |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; 11689710 | &nbsp;&nbsp;&nbsp; 21049168 |
| Investments—affiliated | &nbsp;&nbsp; 12014 | &nbsp;&nbsp;&nbsp; (992)<br>|
| Foreign currency translations | &nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; 11701759 | &nbsp;&nbsp;&nbsp; 21048176 |
| Net realized and unrealized gain (loss) | &nbsp;&nbsp; (10151909)<br>| &nbsp;&nbsp;&nbsp; 26372536 |
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | &nbsp;&nbsp; $102296978 | &nbsp;&nbsp;&nbsp; $91354706 |
| <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. |

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*See notes to financial statements.*

Statements of Operations

------

Statements of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | |
|:---|:---|:---|:---|:---|
|  | iShares <br>High Yield Systematic Bond ETF  | iShares <br>High Yield Systematic Bond ETF  | iShares <br>Investment Grade Systematic Bond ETF  | iShares <br>Investment Grade Systematic Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |  |  |
| **OPERATIONS** |  |  |  |  |
| Net investment income | &nbsp;&nbsp; $112448887 | &nbsp;&nbsp;&nbsp; $58259134 | &nbsp;&nbsp;&nbsp; $64982170 | &nbsp;&nbsp;&nbsp; $56359681 |
| Net realized gain (loss) | &nbsp;&nbsp; (21853668)<br>| &nbsp;&nbsp;&nbsp; 13132250 | &nbsp;&nbsp;&nbsp; 5324360 | &nbsp;&nbsp;&nbsp; 17590389 |
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 11701759 | &nbsp;&nbsp;&nbsp; 5165271 | &nbsp;&nbsp;&nbsp; 21048176 | &nbsp;&nbsp;&nbsp; 6027865 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 102296978 | &nbsp;&nbsp;&nbsp; 76556655 | &nbsp;&nbsp;&nbsp; 91354706 | &nbsp;&nbsp;&nbsp; 79977935 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(a)</sup> <br>|  |  |  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (112017772)<br>| &nbsp;&nbsp;&nbsp; (54319948)<br>| &nbsp;&nbsp;&nbsp; (63802862)<br>| &nbsp;&nbsp;&nbsp; (54498633)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |  |  |
| Net increase in net assets derived from capital share transactions | &nbsp;&nbsp; 157312290 | &nbsp;&nbsp;&nbsp; 923525176 | &nbsp;&nbsp;&nbsp; 383417726 | &nbsp;&nbsp;&nbsp; 490147057 |
| *NET ASSETS* |  |  |  |  |
| Total increase in net assets | &nbsp;&nbsp; 147591496 | &nbsp;&nbsp;&nbsp; 945761883 | &nbsp;&nbsp;&nbsp; 410969570 | &nbsp;&nbsp;&nbsp; 515626359 |
| Beginning of year | &nbsp;&nbsp; 1546166267 | &nbsp;&nbsp;&nbsp; 600404384 | &nbsp;&nbsp;&nbsp; 1072790930 | &nbsp;&nbsp;&nbsp; 557164571 |
| End of year | &nbsp;&nbsp; $1693757763 | &nbsp;&nbsp;&nbsp; $1546166267 | &nbsp;&nbsp;&nbsp; $1483760500 | &nbsp;&nbsp;&nbsp; $1072790930 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares High Yield Systematic Bond ETF  | iShares High Yield Systematic Bond ETF  | iShares High Yield Systematic Bond ETF  | iShares High Yield Systematic Bond ETF  | iShares High Yield Systematic Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $47.65 | &nbsp;&nbsp;&nbsp; $46.18 | &nbsp;&nbsp;&nbsp; $44.14 | &nbsp;&nbsp;&nbsp; $49.27 | &nbsp;&nbsp;&nbsp; $51.32 |
| Net investment income<sup>(a)</sup> | 3.31 | &nbsp;&nbsp;&nbsp;&nbsp;3.43 | &nbsp;&nbsp;&nbsp;&nbsp;3.44 | &nbsp;&nbsp;&nbsp;&nbsp;2.66 | &nbsp;&nbsp;&nbsp;&nbsp;2.23 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | &nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp;&nbsp;&nbsp;1.39 | &nbsp;&nbsp;&nbsp;&nbsp;1.80 | &nbsp;&nbsp;&nbsp; (5.00)<br>| &nbsp;&nbsp;&nbsp; (1.90)<br>|
| Net increase (decrease) from investment operations | 3.11 | &nbsp;&nbsp;&nbsp;&nbsp;4.82 | &nbsp;&nbsp;&nbsp;&nbsp;5.24 | &nbsp;&nbsp;&nbsp; (2.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp;0.33 |
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (3.32)<br>| &nbsp;&nbsp;&nbsp; (3.35)<br>| &nbsp;&nbsp;&nbsp; (3.20)<br>| &nbsp;&nbsp;&nbsp; (2.79)<br>| &nbsp;&nbsp;&nbsp; (2.38)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $47.44 | &nbsp;&nbsp;&nbsp; $47.65 | &nbsp;&nbsp;&nbsp; $46.18 | &nbsp;&nbsp;&nbsp; $44.14 | &nbsp;&nbsp;&nbsp; $49.27 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 6.84<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.43<br> %<br>| &nbsp;&nbsp;&nbsp; (4.73)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.63<br> %<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.35<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.35<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.35<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.35<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.35<br> %<br>|
| Net investment income | 7.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.70<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.89<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.37<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $1693758 | &nbsp;&nbsp;&nbsp; $1546166 | &nbsp;&nbsp;&nbsp; $600404 | &nbsp;&nbsp;&nbsp; $134615 | &nbsp;&nbsp;&nbsp; $174913 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 93<br> %<br>| &nbsp;&nbsp;&nbsp; 81<br> %<br>| &nbsp;&nbsp;&nbsp; 67<br> %<br>| &nbsp;&nbsp;&nbsp; 60<br> %<br>| &nbsp;&nbsp;&nbsp; 67<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

Financial Highlights

------

Financial Highlights(continued)

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares Investment Grade Systematic Bond ETF  | iShares Investment Grade Systematic Bond ETF  | iShares Investment Grade Systematic Bond ETF  | iShares Investment Grade Systematic Bond ETF  | iShares Investment Grade Systematic Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $45.27 | &nbsp;&nbsp;&nbsp; $44.40 | &nbsp;&nbsp;&nbsp; $43.60 | &nbsp;&nbsp;&nbsp; $49.85 | &nbsp;&nbsp;&nbsp; $53.69 |
| Net investment income<sup>(a)</sup> | 2.27 | &nbsp;&nbsp;&nbsp;&nbsp;2.29 | &nbsp;&nbsp;&nbsp;&nbsp;2.22 | &nbsp;&nbsp;&nbsp;&nbsp;1.70 | &nbsp;&nbsp;&nbsp;&nbsp;1.36 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 0.86 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp; (6.35)<br>| &nbsp;&nbsp;&nbsp; (3.19)<br>|
| Net increase (decrease) from investment operations | 3.13 | &nbsp;&nbsp;&nbsp;&nbsp;3.14 | &nbsp;&nbsp;&nbsp;&nbsp;2.92 | &nbsp;&nbsp;&nbsp; (4.65)<br>| &nbsp;&nbsp;&nbsp; (1.83)<br>|
| **Distributions**<sup>(c)</sup> <br>|  |  |  |  |  |
| From net investment income | &nbsp;&nbsp; (2.25)<br>| &nbsp;&nbsp;&nbsp; (2.27)<br>| &nbsp;&nbsp;&nbsp; (2.12)<br>| &nbsp;&nbsp;&nbsp; (1.59)<br>| &nbsp;&nbsp;&nbsp; (1.39)<br>|
| From net realized gain | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.01)<br>| &nbsp;&nbsp;&nbsp; (0.62)<br>|
| Total distributions | &nbsp;&nbsp; (2.25)<br>| &nbsp;&nbsp;&nbsp; (2.27)<br>| &nbsp;&nbsp;&nbsp; (2.12)<br>| &nbsp;&nbsp;&nbsp; (1.60)<br>| &nbsp;&nbsp;&nbsp; (2.01)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $46.15 | &nbsp;&nbsp;&nbsp; $45.27 | &nbsp;&nbsp;&nbsp; $44.40 | &nbsp;&nbsp;&nbsp; $43.60 | &nbsp;&nbsp;&nbsp; $49.85 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 7.09<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.25<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.87<br> %<br>| &nbsp;&nbsp;&nbsp; (9.35)%<br>| &nbsp;&nbsp;&nbsp; (3.57)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.18<br> %<br>|
| Net investment income | 5.01<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.57<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $1483761 | &nbsp;&nbsp;&nbsp; $1072791 | &nbsp;&nbsp;&nbsp; $557165 | &nbsp;&nbsp;&nbsp; $235460 | &nbsp;&nbsp;&nbsp; $162009 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 63<br> %<br>| &nbsp;&nbsp;&nbsp; 69<br> %<br>| &nbsp;&nbsp;&nbsp; 76<br> %<br>| &nbsp;&nbsp;&nbsp; 87<br> %<br>| &nbsp;&nbsp;&nbsp; 59<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***1. ORGANIZATION***

iShares Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following funds (each, a "Fund" and collectively, the "Funds"):

<u> *iShares ETF* </u> <u> *Diversification* *Classification* </u> <br> High Yield Systematic Bond Diversified <br> Investment Grade Systematic Bond Diversified

***2. SIGNIFICANT ACCOUNTING POLICIES***

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

**Investment Transactions and Income Recognition:** For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, and payment-in-kind interest are recognized daily on an accrual basis.

**Foreign Currency Translation:** Each Fund's books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates determined as of the close of trading on the New York Stock Exchange ("NYSE"). Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.

Each Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.

**Cash:** The Funds may maintain cash at their custodian which, at times may exceed United States federally insured limits. The Funds may, at times, have outstanding cash disbursements that exceed deposited cash amounts at the custodian during the reporting period. The Funds are obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statements of Operations.

**Collateralization:** If required by an exchange or counterparty agreement, the Funds may be required to deliver/deposit cash and/or securities to/with an exchange, or broker-dealer or custodian as collateral for certain investments.

**In-kind Redemptions:** For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds' tax year. These reclassifications have no effect on net assets or net asset value ("NAV") per share.

**Distributions:** Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds.

**Indemnifications:** In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds' maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

**Segment Reporting:** The Chief Financial Officer acts as the Funds' Chief Operating Decision Maker ("CODM") and is responsible for assessing performance and allocating resources with respect to each Fund. The CODM has concluded that each Fund operates as a single operating segment since each Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within each Fund's financial statements.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

**Recent Accounting Standard:** The Funds adopted Financial Accounting Standards Board Update 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures ("ASU 2023-09") during the period. ASU 2023-09 enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The Funds' adoption of the new standard did not have a material impact on financial statement disclosures and did not affect each Fund's financial position or results of operations.

***3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS***

**Investment Valuation Policies:** Each Fund's investments are valued at fair value (also referred to as "market value" within the financial statements) each day that the Fund's listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Trustees of the Trust (the "Board") of each Fund has approved the designation of BlackRock Fund Advisors ("BFA"), the Funds' investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA's policies. If a security's market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA's policies and procedures as reflecting fair value. BFA has formed a committee (the "Valuation Committee") to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

**Fair Value Inputs and Methodologies:** The following methods and inputs are used to establish the fair value of each Fund's assets and liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed-income investments and certain derivative instruments for which market quotations are readily available are generally valued using the last available bid price provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots of securities in certain asset classes may trade at lower prices than institutional round lots, and the value ultimately realized when the securities are sold could differ from the prices used by a fund. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

&nbsp;&nbsp;&nbsp;&nbsp;• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day's NAV.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee in accordance with BFA's policies and procedures as reflecting fair value ("Fair Valued Investments"). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm's-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement as of the measurement date.

Fair value pricing could result in a difference between the prices used to calculate a fund's NAV and the prices used by the fund's underlying index, which in turn could result in a difference between the fund's performance and the performance of the fund's underlying index.

**Fair Value Hierarchy:** Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that each Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***4. SECURITIES AND OTHER INVESTMENTS***

**Securities Lending:** Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. Government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current market value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund's Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an "MSLA") which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty's bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties' obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party's net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF and Counterparty* | *Securities Loaned* <br>*at Value*<br>| &nbsp;&nbsp; *Cash Collateral* <br>*Received*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Non-Cash Collateral* <br>*Received, at Fair Value*<sup>(a)</sup> <br>| *Net Amount* |
| High Yield Systematic Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $65723452 | &nbsp;&nbsp;&nbsp; $(65723452) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 821713 | &nbsp;&nbsp;&nbsp; (821713) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 26321465 | &nbsp;&nbsp;&nbsp; (26321465) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 6209037 | &nbsp;&nbsp;&nbsp; (6209037) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citadel Clearing LLC | &nbsp;&nbsp; 1554856 | &nbsp;&nbsp;&nbsp; (1554856) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 8406642 | &nbsp;&nbsp;&nbsp; (8406642) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 11034251 | &nbsp;&nbsp;&nbsp; (11034251) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 21688578 | &nbsp;&nbsp;&nbsp; (21688578) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Jefferies LLC | &nbsp;&nbsp; 2627109 | &nbsp;&nbsp;&nbsp; (2627109) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 8784846 | &nbsp;&nbsp;&nbsp; (8784846) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 1792038 | &nbsp;&nbsp;&nbsp; (1792038) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 4958145 | &nbsp;&nbsp;&nbsp; (4958145) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 31004419 | &nbsp;&nbsp;&nbsp; (31004419) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 10537432 | &nbsp;&nbsp;&nbsp; (10537432) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital, Inc. | &nbsp;&nbsp; 9358409 | &nbsp;&nbsp;&nbsp; (9358409) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 1751233 | &nbsp;&nbsp;&nbsp; (1751233) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 506008 | &nbsp;&nbsp;&nbsp; (506008) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 4919251 | &nbsp;&nbsp;&nbsp; (4919251) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 10219127 | &nbsp;&nbsp;&nbsp; (10219127) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $228218011 | &nbsp;&nbsp;&nbsp; $(228218011) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |

---

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF and Counterparty* | *Securities Loaned*<br> *at Value*<br>| &nbsp;&nbsp; *Cash Collateral*<br> *Received*<sup>(a)</sup><br>| &nbsp;&nbsp; *Non-Cash Collateral*<br> *Received, at Fair Value*<sup>(a)</sup><br>| *Net Amount* |
| Investment Grade Systematic Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $25208502 | &nbsp;&nbsp;&nbsp; $(25208502) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 230149 | &nbsp;&nbsp;&nbsp; (230149) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 4965439 | &nbsp;&nbsp;&nbsp; (4965439) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 2953564 | &nbsp;&nbsp;&nbsp; (2953564) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 7429183 | &nbsp;&nbsp;&nbsp; (7429183) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 22606723 | &nbsp;&nbsp;&nbsp; (22606723) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 690762 | &nbsp;&nbsp;&nbsp; (690762) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 7892757 | &nbsp;&nbsp;&nbsp; (7892757) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank Financial Inc. | &nbsp;&nbsp; 170805 | &nbsp;&nbsp;&nbsp; (170805) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 790200 | &nbsp;&nbsp;&nbsp; (790200) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 7038240 | &nbsp;&nbsp;&nbsp; (7038240) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 1077737 | &nbsp;&nbsp;&nbsp; (1077737) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 960470 | &nbsp;&nbsp;&nbsp; (960470) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 38654 | &nbsp;&nbsp;&nbsp; (38654) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 1550198 | &nbsp;&nbsp;&nbsp; (1550198) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 6848926 | &nbsp;&nbsp;&nbsp; (6848926) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $90452309 | &nbsp;&nbsp;&nbsp; $(90452309) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund's Statements of Assets and Liabilities. 

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock Finance, Inc. BlackRock Finance, Inc.'s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.

***5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES***

**Investment Advisory Fees:** Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund's assets. BFA is a California corporation indirectly owned by BlackRock, Inc. ("BlackRock"). Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to each of the following Funds, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:

---

| | |
|:---|:---|
| *iShares ETF* | *Investment Advisory Fees* |
| High Yield Systematic Bond | 0.35% |
| Investment Grade Systematic Bond | 0.18 |

---

**Distributor:** BlackRock Investments, LLC ("BRIL"), an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

**ETF Servicing Fees:** Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units ("ETF Services"). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.

**Index Provider:** BlackRock Index Services, LLC, an affiliate of BFA, created, sponsors and publishes the underlying index used by each Fund. Each Fund uses its underlying index at no charge pursuant to a license agreement between BlackRock Index Services, LLC (or one or more of its affiliates) and the Trust, on behalf of the Funds.

**Securities Lending:** The U.S. Securities and Exchange Commission ("SEC") has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. ("BTC"), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the "collateral investment fees"). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. BlackRock Cash Funds: Institutional may impose a discretionary liquidity fee of up to 2% on all redemptions. Discretionary liquidity fees may be imposed or terminated at any time at the discretion of the board of directors of the money market fund, or its delegate, if it is determined that such fee would be, or would not be,

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

respectively, in the best interest of the money market fund. Additionally, BlackRock Cash Funds: Institutional will impose a mandatory liquidity fee if the money market fund's total net redemptions on a single day exceed 5% of the money market fund's net assets, unless the amount of the fee is less than 0.01% of the value of the shares redeemed. BlackRock Cash Funds: Institutional will determine the size of the mandatory liquidity fee by making a good faith estimate of certain costs the money market fund would incur if it were to sell a pro rata amount of each security in the portfolio to satisfy the amount of net redemptions on that day. There is no limit to the size of a mandatory liquidity fee. If BlackRock Cash Funds: Institutional cannot estimate the costs of selling a pro rata amount of each portfolio security in good faith and supported by data, it is required to apply a default liquidity fee of 1% on the value of shares redeemed on that day.

Securities lending income is generally equal to the total of income earned from the reinvestment of cash collateral (and excludes collateral investment fees), and any fees or other payments to and from borrowers of securities. Each Fund retains a portion of the securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across the iShares ETF Complex in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 28, 2026, the Funds paid BTC the following amounts for securities lending agent services:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts* |
| High Yield Systematic Bond | &nbsp;&nbsp; $512087 |
| Investment Grade Systematic Bond | &nbsp;&nbsp; 73845 |

---

**Trustees and Officers:** Certain trustees and/or officers of the Trust are directors and/or officers of BlackRock or its affiliates.

**Other Transactions:** Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund's underlying index.

***6. PURCHASES AND SALES***

For the year ended February 28, 2026, purchases and sales of investments, excluding short-term securities and in-kind transactions, were as follows:

---

| | | |
|:---|:---|:---|
|  | *Other Securities* | *Other Securities* |
| *iShares ETF* | &nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* |
| High Yield Systematic Bond | &nbsp;&nbsp; $1446827447 | &nbsp;&nbsp;&nbsp; $1466502917 |
| Investment Grade Systematic Bond | &nbsp;&nbsp; 819891958 | &nbsp;&nbsp;&nbsp; 807415504 |

---

For the year ended February 28, 2026, in-kind transactions were as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *In-kind* <br>*Purchases*<br>| &nbsp;&nbsp; *In-kind* <br>*Sales*<br>|
| High Yield Systematic Bond | &nbsp;&nbsp; $509317210 | &nbsp;&nbsp;&nbsp; $357190664 |
| Investment Grade Systematic Bond | &nbsp;&nbsp; 439873212 | &nbsp;&nbsp;&nbsp; 64495826 |

---

***7. INCOME TAX INFORMATION***

Each Fund is treated as an entity separate from the Trust's other funds for federal income tax purposes. It is each Fund's policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of February 28, 2026, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds' financial statements. Management's analysis is based on the tax laws and judicial and administrative interpretations thereof in effect as of the date of these financial statements, all of which are subject to change, possibly with retroactive effect, which may impact the Funds' NAV.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 28, 2026, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Paid-in Capital* | &nbsp;&nbsp; *Accumulated* <br>*Earnings (Loss)*<br>|
| High Yield Systematic Bond | &nbsp;&nbsp; $7009737 | &nbsp;&nbsp;&nbsp; $(7009737) |
| Investment Grade Systematic Bond | &nbsp;&nbsp; 849690 | &nbsp;&nbsp;&nbsp; (849690) |

---

The tax character of distributions paid was as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Year Ended* <br>*02/28/26*<br>| &nbsp;&nbsp; *Year Ended* <br>*02/28/25*<br>|
| High Yield Systematic Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $112017772 | &nbsp;&nbsp;&nbsp; $54319948 |
| Investment Grade Systematic Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $63802862 | &nbsp;&nbsp;&nbsp; $54498633 |

---

As of February 28, 2026, the tax components of accumulated earnings (loss) were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Undistributed* <br>*Ordinary Income*<br>| &nbsp;&nbsp; *Non-expiring* <br>*Capital Loss* <br>*Carryforwards*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Net Unrealized* <br>*Gains (Losses)*<sup>(b)</sup> <br>| *Total* |
| High Yield Systematic Bond | &nbsp;&nbsp; $9447874 | &nbsp;&nbsp;&nbsp; $(40909008) | &nbsp;&nbsp;&nbsp; $23747546 | &nbsp;&nbsp;&nbsp; $(7713588) |
| Investment Grade Systematic Bond | &nbsp;&nbsp; 6264484 | &nbsp;&nbsp;&nbsp; (15347363) | &nbsp;&nbsp;&nbsp; 23660430 | &nbsp;&nbsp;&nbsp; 14577551 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Amounts available to offset future realized capital gains.

<sup>(b)</sup> The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities and the classification of investments. 

For the year ended February 28, 2026, the Funds listed below utilized the following amounts of their respective capital loss carryforwards:

---

| | |
|:---|:---|
| *iShares ETF* | *Utilized*  |
| Investment Grade Systematic Bond | &nbsp;&nbsp; $4398555 |

---

As of February 28, 2026, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Tax Cost* | &nbsp;&nbsp; *Gross Unrealized* <br>*Appreciation*<br>| &nbsp;&nbsp; *Gross Unrealized* <br>*Depreciation*<br>| &nbsp;&nbsp; *Net Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| High Yield Systematic Bond | &nbsp;&nbsp; $1865577653 | &nbsp;&nbsp;&nbsp; $32071944 | &nbsp;&nbsp;&nbsp; $(8324450) | &nbsp;&nbsp;&nbsp; $23747494 |
| Investment Grade Systematic Bond | &nbsp;&nbsp; 1554885015 | &nbsp;&nbsp;&nbsp; 29612619 | &nbsp;&nbsp;&nbsp; (5952189) | &nbsp;&nbsp;&nbsp; 23660430 |

---

***8. PRINCIPAL RISKS***

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject each Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund's prospectus provides details of the risks to which the Fund is subject.

BFA uses an indexing approach to try to achieve each Fund's investment objective. The Funds are not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to mandatory and discretionary liquidity fees under certain circumstances.

**Market Risk:** Each Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force each Fund to reinvest in lower yielding securities. Each Fund may also be exposed to reinvestment risk, which is the

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

risk that income from each Fund's portfolio will decline if each Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below each Fund portfolio's current earnings rate.

**Counterparty Credit Risk:** The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds' exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

**Geographic/Asset Class Risk:** A diversified portfolio, where this is appropriate and consistent with a fund's objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund's portfolio are disclosed in its Schedule of Investments.

The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative "debt ceiling." Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the Funds invest.

Certain Funds invest a significant portion of their assets in high yield securities. High yield securities that are rated below investment-grade (commonly referred to as "junk bonds") or are unrated may be deemed speculative, involve greater levels of risk than higher-rated securities of similar maturity and are more likely to default. High yield securities may be issued by less creditworthy issuers, and issuers of high yield securities may be unable to meet their interest or principal payment obligations. High yield securities are subject to extreme price fluctuations, may be less liquid than higher rated fixed-income securities, even under normal economic conditions, and frequently have redemption features.

The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates during a period of historically low interest rates. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility, and could negatively impact the Funds' performance.

**Significant Shareholder Redemption Risk:** Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund's NAV, increase the fund's brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

***9. CAPITAL SHARE TRANSACTIONS***

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof ("Creation Units") at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

Transactions in capital shares were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Year Ended <br>02/28/26 | Year Ended <br>02/28/26 | Year Ended <br>02/28/25 | Year Ended <br>02/28/25 |
| *iShares ETF* | *Shares* | *Amount* | *Shares* | *Amount* |
| High Yield Systematic Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 11150000 | &nbsp;&nbsp;&nbsp; $526353728 | &nbsp;&nbsp;&nbsp; 22550000 | &nbsp;&nbsp;&nbsp; $1066797782 |
| Shares redeemed | &nbsp;&nbsp; (7900000)<br>| &nbsp;&nbsp;&nbsp; (369041438)<br>| &nbsp;&nbsp;&nbsp; (3100000)<br>| &nbsp;&nbsp;&nbsp; (143272606)<br>|
|  | &nbsp;&nbsp; 3250000 | &nbsp;&nbsp;&nbsp; $157312290 | &nbsp;&nbsp;&nbsp; 19450000 | &nbsp;&nbsp;&nbsp; $923525176 |
| Investment Grade Systematic Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 9900000 | &nbsp;&nbsp;&nbsp; $448684462 | &nbsp;&nbsp;&nbsp; 25500000 | &nbsp;&nbsp;&nbsp; $1138206179 |
| Shares redeemed | &nbsp;&nbsp; (1450000)<br>| &nbsp;&nbsp;&nbsp; (65266736)<br>| &nbsp;&nbsp;&nbsp; (14350000)<br>| &nbsp;&nbsp;&nbsp; (648059122)<br>|
|  | &nbsp;&nbsp; 8450000 | &nbsp;&nbsp;&nbsp; $383417726 | &nbsp;&nbsp;&nbsp; 11150000 | &nbsp;&nbsp;&nbsp; $490147057 |

---

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to BRIL, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

To the extent applicable, to facilitate the timely settlement of orders for the Funds using a clearing facility outside of the continuous net settlement process, the Funds, at their sole discretion, may permit an Authorized Participant to post cash as collateral in anticipation of the delivery of all or a portion of the applicable Deposit Securities or Fund Securities, as further described in the applicable Authorized Participant Agreement. The collateral process is subject to a Control Agreement among the Authorized Participant, each Funds' custodian, and the Funds. In the event that the Authorized Participant fails to deliver all or a portion of the applicable Deposit Securities or Fund Securities, the Funds may exercise control over such collateral pursuant to the terms of the Control Agreement in order to purchase the applicable Deposit Securities or Fund Securities.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

***10. SUBSEQUENT EVENTS***

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

2026 iShares Annual Financial Statements and Additional Information

------

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

iShares Trust and Shareholders of each of the two funds listed in the table below

***Opinions on the Financial Statements***

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (two of the funds constituting iShares Trust, hereafter collectively referred to as the "Funds") as of February 28, 2026, the related statements of operations for the year ended February 28, 2026, the statements of changes in net assets for each of the two years in the period ended February 28, 2026, including the related notes, and the financial highlights for each of the five years in the period ended February 28, 2026 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds listed in the table below as of February 28, 2026, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 28, 2026 and each of the financial highlights for each of the five years in the period ended February 28, 2026 in conformity with accounting principles generally accepted in the United States of America.

iShares High Yield Systematic Bond ETF <br> iShares Investment Grade Systematic Bond ETF

***Basis for Opinions***

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 21, 2026

We have served as the auditor of one or more BlackRock investment companies since 2000.

Report of Independent Registered Public Accounting Firm

------

Important Tax Information (unaudited)

The Fund hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Federal Obligation* <br>*Interest*<br>|
| High Yield Systematic Bond | &nbsp;&nbsp; $218645 |
| Investment Grade Systematic Bond | &nbsp;&nbsp; 148543 |

---

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest Dividends* |
| High Yield Systematic Bond | &nbsp;&nbsp; $111835304 |
| Investment Grade Systematic Bond | &nbsp;&nbsp; 62609882 |

---

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest-Related* <br>*Dividends*<br>|
| High Yield Systematic Bond | &nbsp;&nbsp; $91398151 |
| Investment Grade Systematic Bond | &nbsp;&nbsp; 55066594 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Additional Information

**Premium/Discount Information**

Information on the Fund's net asset value, market price, premiums and discounts, and bid-ask spreads can be found at **iShares.com**.

**Electronic Delivery**

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at **iShares.com**. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

To enroll in electronic delivery:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Go to **icsdelivery.com**.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

**Changes in and Disagreements with Accountants** 

Not applicable.

**Proxy Results**

Not applicable.

**Remuneration Paid to Trustees, Officers, and Others** 

Because BFA has agreed in the Investment Advisory Agreements to cover all operating expenses of the Funds, subject to certain exclusions as provided for therein, BFA pays the compensation to each Independent Trustee for services to the Funds from BFA's investment advisory fees.

**Availability of Portfolio Holdings Information**

A description of the Company's policies and procedures with respect to the disclosure of the Fund's portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets, when available, at **iShares.com**.

Additional Information

------

Glossary of Terms Used in these Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |

---

2026 iShares Annual Financial Statements and Additional Information

------

Want to know more?

**iShares.com** \| 1-800-474-2737

**This report is intended for the Funds' shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.**

**Investing involves risk, including possible loss of principal.**

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by BlackRock Index Services LLC, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is affiliated with the company listed above.©2026 BlackRock, Inc. All rights reserved. **iSHARES** and **BLACKROCK** are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

![](g147625imgab829aca2.gif)

![](g147625imga22303cc3.gif)

------

February 28, 2026

![](g147625imgd45d4ce01.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; 2026 Annual Financial Statements <br> and Additional Information <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **iShares Trust** |
| • iShares iBoxx $ High Yield Corporate Bond ETF \| HYG \| NYSE Arca |
| • iShares iBoxx $ Investment Grade Corporate Bond ETF \| LQD \| NYSE Arca |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Page |
| [Schedules of Investments](#xx_5c8f765e-8d4f-4b1e-810a-c29eea661651_SOIs-Footer-iSharesReport_1)  | &nbsp;&nbsp; 3 |
| [Statements of Assets and Liabilities](#xx_5c8f765e-8d4f-4b1e-810a-c29eea661651_FS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 53 |
| [Statements of Operations](#xx_5c8f765e-8d4f-4b1e-810a-c29eea661651_FS-Footer-iSharesReport_2)  | &nbsp;&nbsp; 54 |
| [Statements of Changes in Net Assets](#xx_5c8f765e-8d4f-4b1e-810a-c29eea661651_FS-Footer-iSharesReport_3)  | &nbsp;&nbsp; 55 |
| [Financial Highlights](#xx_5c8f765e-8d4f-4b1e-810a-c29eea661651_FS-Footer-iSharesReport_4)  | &nbsp;&nbsp; 56 |
| [Notes to Financial Statements](#xx_5c8f765e-8d4f-4b1e-810a-c29eea661651_NTFS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 58 |
| [Report of Independent Registered Public Accounting Firm](#xx_5c8f765e-8d4f-4b1e-810a-c29eea661651_opinion-Footer-iSharesReport_1)  | &nbsp;&nbsp; 67 |
| [Important Tax Information](#xx_5c8f765e-8d4f-4b1e-810a-c29eea661651_Tax-annual-Footer-iSharesReport_1)  | &nbsp;&nbsp; 68 |
| [Additional Information](#xx_5c8f765e-8d4f-4b1e-810a-c29eea661651_SAI-Footer-iSharesReport_1)  | &nbsp;&nbsp; 69 |
| [Glossary of Terms Used in these Financial Statements](#xx_5c8f765e-8d4f-4b1e-810a-c29eea661651_Abbreviations-Footer-iSharesReport-156_1)  | &nbsp;&nbsp; 71 |

---

------

Schedule of Investments

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 1.3%** | **Advertising — 1.3%** | **Advertising — 1.3%** |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| 7.13%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; $16946 | $17878518 |
| 7.50%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15887 | 15998835 |
| 7.50%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 13350 | 14390252 |
| 7.75%, 04/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 13352 | 13465487 |
| 7.88%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 12668 | 13346725 |
| Lamar Media Corp. |  |  |
| 3.63%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 7483 | 7061899 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 8567 | 8415118 |
| 4.00%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp; 5836 | 5649239 |
| 4.88%, 01/15/29 | &nbsp;&nbsp; 2763 | 2758311 |
| 5.38%, 11/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 6607 | 6605337 |
| Neptune Bidco U.S., Inc. |  |  |
| 9.29%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 38629 | 38652877 |
| 9.50%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 21282 | 20848715 |
| 10.38%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 16120 | 16253991 |
| Outfront Media Capital LLC/Outfront Media <br> Capital Corp.<br>|  |  |
| 4.25%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4860 | 4761632 |
| 4.63%, 03/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4381 | 4284322 |
| 5.00%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 6700 | 6699512 |
| 7.38%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8120 | 8541604 |
| Stagwell Global LLC, 5.63%, 08/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 14772 | 13572169 |
|  |  | 219184543 |
| **Aerospace & Defense — 2.1%** | **Aerospace & Defense — 2.1%** | **Aerospace & Defense — 2.1%** |
| ATI, Inc., 7.25%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp; 8602 | 9012449 |
| Bombardier, Inc. |  |  |
| 6.00%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4939 | 4940543 |
| 6.75%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp; 8875 | 9358720 |
| 7.00%, 06/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9267 | 9759896 |
| 7.25%, 07/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8187 | 8699501 |
| 7.50%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 13121 | 13637353 |
| 8.75%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 11539 | 12345446 |
| Incora Top Holdco LLC, 6.00%, 01/31/33<sup>(c)(d)(e)</sup> | &nbsp;&nbsp; 4043 | 1004663 |
| TransDigm, Inc. |  |  |
| 4.63%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 17538 | 17462502 |
| 4.88%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp; 11414 | 11394560 |
| 6.00%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 21626 | 22014133 |
| 6.13%, 07/31/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 8240 | 8375188 |
| 6.25%, 01/31/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 8252 | 8529489 |
| 6.38%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 40839 | 41966022 |
| 6.38%, 05/31/33<sup>(a)</sup> | &nbsp;&nbsp; 37734 | 38547971 |
| 6.63%, 03/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 31607 | 32742298 |
| 6.75%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 31615 | 32178499 |
| 6.75%, 01/31/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 29120 | 30224187 |
| 6.88%, 12/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 20306 | 21138386 |
| 7.13%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp; 14397 | 15096447 |
|  |  | 348428253 |
| **Agriculture — 0.1%** | **Agriculture — 0.1%** | **Agriculture — 0.1%** |
| Darling Ingredients, Inc. |  |  |
| 5.25%, 04/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 6696 | 6696732 |
| 6.00%, 06/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 12491 | 12644752 |
|  |  | 19341484 |
| **Airlines — 0.8%** | **Airlines — 0.8%** | **Airlines — 0.8%** |
| American Airlines, Inc., 7.25%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 11795 | 11985197 |
| American Airlines, Inc./AAdvantage Loyalty IP <br> Ltd., 5.75%, 04/20/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 40932 | 41390519 |
| JetBlue Airways Corp/JetBlue Loyalty LP, <br> 9.88%, 09/20/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 30065 | 30569310 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Airlines (continued)** | **Airlines (continued)** | **Airlines (continued)** |
| United Airlines Holdings, Inc. |  |  |
| 4.88%, 03/01/29 | &nbsp;&nbsp; $10000 | $10066467 |
| 5.38%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 6707 | 6831142 |
| VistaJet Malta Finance PLC/Vista Management <br> Holding, Inc.<br>|  |  |
| 6.38%, 02/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 12473 | 11548206 |
| 7.88%, 05/01/27<sup>(a)</sup> | &nbsp;&nbsp; 8972 | 8993650 |
| 9.50%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 9201 | 9488432 |
|  |  | 130872923 |
| **Apparel — 0.3%** | **Apparel — 0.3%** | **Apparel — 0.3%** |
| Beach Acquisition Bidco LLC, 10.00%, <br> 07/15/33, (10.00 % Cash / 10.75 % <br> PIK)<sup>(a)(b)(f)</sup><br>| &nbsp;&nbsp; 34550 | 38080631 |
| VF Corp. |  |  |
| 2.80%, 04/23/27<sup>(b)</sup> | &nbsp;&nbsp; 4977 | 4847193 |
| 2.95%, 04/23/30<sup>(b)</sup> | &nbsp;&nbsp; 8619 | 7899964 |
|  |  | 50827788 |
| **Auto Manufacturers — 1.4%** | **Auto Manufacturers — 1.4%** | **Auto Manufacturers — 1.4%** |
| Allison Transmission, Inc. |  |  |
| 3.75%, 01/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 12277 | 11657942 |
| 4.75%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp; 2672 | 2670201 |
| 5.88%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5481 | 5533614 |
| 5.88%, 12/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 6129 | 6260248 |
| Aston Martin Capital Holdings Ltd., 10.00%, <br> 03/31/29<sup>(a)</sup><br>| &nbsp;&nbsp; 15269 | 12377433 |
| Jaguar Land Rover Automotive PLC |  |  |
| 4.50%, 10/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 5074 | 5040664 |
| 5.50%, 07/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2987 | 2991667 |
| 5.88%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 8580 | 8583506 |
| Nissan Motor Acceptance Co. LLC |  |  |
| 2.75%, 03/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 9018 | 8586350 |
| 5.30%, 09/13/27<sup>(a)</sup> | &nbsp;&nbsp; 5725 | 5760760 |
| 5.63%, 09/29/28<sup>(a)</sup> | &nbsp;&nbsp; 11187 | 11263681 |
| 6.13%, 09/30/30<sup>(a)</sup> | &nbsp;&nbsp; 18285 | 18297244 |
| 7.05%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 10291 | 10677528 |
| Nissan Motor Co. Ltd. |  |  |
| 4.35%, 09/17/27<sup>(a)</sup> | &nbsp;&nbsp; 39670 | 39387831 |
| 4.81%, 09/17/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 35739 | 33945213 |
| 7.50%, 07/17/30<sup>(a)</sup> | &nbsp;&nbsp; 14654 | 15434493 |
| 7.75%, 07/17/32<sup>(a)</sup> | &nbsp;&nbsp; 10796 | 11501870 |
| 8.13%, 07/17/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 17358 | 18963044 |
|  |  | 228933289 |
| **Auto Parts & Equipment — 1.9%** | **Auto Parts & Equipment — 1.9%** | **Auto Parts & Equipment — 1.9%** |
| Adient Global Holdings Ltd. |  |  |
| 7.00%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 6998 | 7133383 |
| 7.50%, 02/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 9970 | 10438792 |
| 8.25%, 04/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8841 | 9246124 |
| American Axle & Manufacturing, Inc. |  |  |
| 5.00%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 9863 | 9606828 |
| 6.38%, 10/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 13243 | 13474752 |
| 6.88%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp; 2312 | 2313755 |
| 7.75%, 10/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 17698 | 17989279 |
| Aptiv Swiss Holdings Ltd., 6.88%, 12/15/54, <br> (5-year CMT + 3.39%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp; 3506 | 3653523 |
| Clarios Global LP/Clarios U.S. Finance Co. |  |  |
| 6.75%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 12412 | 12690729 |
| 6.75%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 12970 | 13569782 |
| 6.75%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 15478 | 16046806 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** |
| Cooper-Standard Automotive, Inc. |  |  |
| 9.25%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; $5325 | $5341765 |
| 13.50%, 03/31/27, (9.00 % Cash and 4.50 % <br> PIK)<sup>(a)(f)</sup><br>| &nbsp;&nbsp; 307 | 314033 |
| Forvia SE |  |  |
| 6.75%, 09/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 5810 | 5981308 |
| 8.00%, 06/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6252 | 6646657 |
| Goodyear Tire & Rubber Co.(The) |  |  |
| 4.88%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp; 11570 | 11527801 |
| 5.00%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp; 11806 | 11560432 |
| 5.25%, 04/30/31<sup>(b)</sup> | &nbsp;&nbsp; 7756 | 7428598 |
| 5.25%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 8503 | 8106631 |
| 5.63%, 04/30/33<sup>(b)</sup> | &nbsp;&nbsp; 4527 | 4291180 |
| 6.63%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 6219 | 6352161 |
| IHO Verwaltungs GmbH |  |  |
| 6.38%, 05/15/29, (6.38 % Cash)<sup>(a)(b)(f)</sup> | &nbsp;&nbsp; 4383 | 4434626 |
| 7.75%, 11/15/30, (7.75 % Cash)<sup>(a)(f)</sup> | &nbsp;&nbsp; 7406 | 7787779 |
| 8.00%, 11/15/32, (8.00 % Cash)<sup>(a)(f)</sup> | &nbsp;&nbsp; 4281 | 4562248 |
| Qnity Electronics, Inc. |  |  |
| 5.75%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 16097 | 16488096 |
| 6.25%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp; 12046 | 12485177 |
| Tenneco, Inc., 8.00%, 11/17/28<sup>(a)</sup> | &nbsp;&nbsp; 29389 | 29384171 |
| ZF North America Capital, Inc. |  |  |
| 6.75%, 04/23/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 12270 | 12377529 |
| 6.88%, 04/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5842 | 6022530 |
| 6.88%, 04/23/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 10374 | 10398136 |
| 7.13%, 04/14/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 9257 | 9485749 |
| 7.50%, 03/24/31<sup>(a)</sup> | &nbsp;&nbsp; 22510 | 23136620 |
|  |  | 320276980 |
| **Banks — 0.1%** | **Banks — 0.1%** | **Banks — 0.1%** |
| Freedom Mortgage Corp., 12.25%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 8308 | 9036410 |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| Primo Water Holdings, Inc./Triton Water <br> Holdings, Inc.<br>|  |  |
| 4.38%, 04/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7802 | 7646311 |
| 6.25%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 11062 | 11047122 |
|  |  | 18693433 |
| **Biotechnology — 0.2%** | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| Genmab A/S/Genmab Finance LLC |  |  |
| 6.25%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp; 20298 | 21050575 |
| 7.25%, 12/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 11054 | 11715513 |
|  |  | 32766088 |
| **Building Materials — 2.2%** | **Building Materials — 2.2%** | **Building Materials — 2.2%** |
| Builders FirstSource, Inc. |  |  |
| 4.25%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 19784 | 18852504 |
| 5.00%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5781 | 5738253 |
| 6.38%, 06/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9015 | 9261786 |
| 6.38%, 03/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 15025 | 15449070 |
| 6.75%, 05/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 10782 | 11253712 |
| Camelot Return Merger Sub, Inc., 8.75%, <br> 08/01/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10256 | 7726446 |
| Cornerstone Building Brands, Inc., 9.50%, <br> 08/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6602 | 4807081 |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc. |  |  |
| 6.63%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp; 44224 | 45765114 |
| 6.75%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6938 | 7223022 |
| James Hardie International Finance DAC, <br> 5.00%, 01/15/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3003 | 3000198 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Miter Brands Acquisition Holdco, Inc./MIWD <br> Borrower LLC, 6.75%, 04/01/32<sup>(a)</sup><br>| &nbsp;&nbsp; $8986 | $9034504 |
| MIWD Holdco II LLC/MIWD Finance Corp., <br> 5.50%, 02/01/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5317 | 4980257 |
| Quikrete Holdings, Inc. |  |  |
| 6.38%, 03/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 61869 | 64220022 |
| 6.75%, 03/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 22024 | 22882674 |
| Smyrna Ready Mix Concrete LLC |  |  |
| 6.00%, 11/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 17254 | 17234320 |
| 8.88%, 11/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 17517 | 18613589 |
| Standard Building Solutions, Inc. |  |  |
| 5.88%, 03/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 2360 | 2353778 |
| 6.25%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 18088 | 18409051 |
| 6.50%, 08/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 17391 | 17870774 |
| Standard Industries, Inc./New York |  |  |
| 3.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 15677 | 14487641 |
| 4.38%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 25958 | 25024947 |
| 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 13081 | 13022638 |
|  |  | 357211381 |
| **Chemicals — 2.9%** | **Chemicals — 2.9%** | **Chemicals — 2.9%** |
| Axalta Coating Systems Dutch Holding B BV, <br> 7.25%, 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp; 9255 | 9734445 |
| Axalta Coating Systems LLC, 3.38%, <br> 02/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 7909 | 7615708 |
| Axalta Coating Systems LLC/Axalta Coating <br> Systems Dutch Holding B BV, 4.75%, <br> 06/15/27<sup>(a)</sup><br>| &nbsp;&nbsp; 3608 | 3604085 |
| Celanese U.S. Holdings LLC |  |  |
| 6.50%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp; 11495 | 11770170 |
| 6.75%, 04/15/33<sup>(b)</sup> | &nbsp;&nbsp; 16282 | 16669692 |
| 6.85%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp; 11025 | 11587067 |
| 7.00%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 9386 | 9654674 |
| 7.05%, 11/15/30 | &nbsp;&nbsp; 14787 | 15751827 |
| 7.20%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; 14469 | 15530201 |
| 7.33%, 07/15/29 | &nbsp;&nbsp; 12227 | 12910126 |
| 7.38%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15107 | 15881889 |
| 7.38%, 02/15/34<sup>(b)</sup> | &nbsp;&nbsp; 12340 | 12672137 |
| Chemours Co.(The) |  |  |
| 4.63%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8079 | 7650067 |
| 5.38%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp; 8473 | 8558519 |
| 5.75%, 11/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 10765 | 10840505 |
| 7.88%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1995 | 1992507 |
| 8.00%, 01/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 7664 | 7785187 |
| FMC Corp. |  |  |
| 3.45%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 5989 | 5275433 |
| 5.65%, 05/18/33<sup>(b)</sup> | &nbsp;&nbsp; 5657 | 5019738 |
| 8.45%, 11/01/55, (5-year CMT + 4.37%)<sup>(g)</sup> | &nbsp;&nbsp; 10616 | 6946849 |
| Huntsman International LLC |  |  |
| 2.95%, 06/15/31 | &nbsp;&nbsp; 4323 | 3731969 |
| 4.50%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp; 9664 | 9277030 |
| INEOS Finance PLC |  |  |
| 6.75%, 05/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6235 | 5770158 |
| 7.50%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 10322 | 9179323 |
| Methanex Corp. |  |  |
| 5.13%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp; 11710 | 11740617 |
| 5.25%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp; 7468 | 7522961 |
| Methanex U.S. Operations, Inc., 6.25%, <br> 03/15/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 7279 | 7532946 |
| NOVA Chemicals Corp. |  |  |
| 4.25%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 9131 | 8960687 |
| 5.25%, 06/01/27<sup>(a)</sup> | &nbsp;&nbsp; 15691 | 15763326 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 7.00%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp; $3412 | $3641539 |
| 8.50%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 6219 | 6490957 |
| 9.00%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 10596 | 11267469 |
| Olin Corp. |  |  |
| 5.00%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp; 4191 | 4070690 |
| 5.63%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp; 7945 | 7950975 |
| 6.63%, 04/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 8961 | 8748455 |
| Olympus Water U.S. Holding Corp. |  |  |
| 4.25%, 10/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 11501 | 11159248 |
| 6.25%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6159 | 6032048 |
| 6.75%, 08/01/32<sup>(a)</sup> | &nbsp;&nbsp; 16833 | 16567241 |
| 7.25%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 11820 | 12086318 |
| Series 144\*, 7.25%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 22938 | 22816445 |
| Perimeter Holdings LLC, 6.25%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6995 | 7016339 |
| SCIH Salt Holdings, Inc. |  |  |
| 4.88%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; 15297 | 15220515 |
| 6.63%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 8738 | 8721616 |
| SK Invictus Intermediate II SARL, 5.00%, <br> 10/30/29<sup>(a)</sup><br>| &nbsp;&nbsp; 6847 | 6731101 |
| Solstice Advanced Materials, Inc., 5.63%, <br> 09/30/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 11372 | 11485903 |
| Tronox, Inc. |  |  |
| 4.63%, 03/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 14705 | 11382346 |
| 9.13%, 09/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5133 | 5023102 |
| WR Grace Holdings LLC |  |  |
| 5.63%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 17285 | 16550375 |
| 6.63%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 11170 | 11290321 |
| 7.00%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 8048 | 8174309 |
|  |  | 489357155 |
| **Commercial Services — 5.1%** | **Commercial Services — 5.1%** | **Commercial Services — 5.1%** |
| ADT Security Corp.(The) |  |  |
| 4.13%, 08/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11689 | 11394808 |
| 5.88%, 10/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 13830 | 14031280 |
| Albion Financing 1 SARL/Aggreko Holdings, <br> Inc., 7.00%, 05/21/30<sup>(a)</sup><br>| &nbsp;&nbsp; 20681 | 21645707 |
| Allied Universal Holdco LLC, 7.88%, <br> 02/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 34825 | 36785679 |
| Allied Universal Holdco LLC/Allied Universal <br> Finance Corp.<br>|  |  |
| 6.00%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 13903 | 13735925 |
| 6.88%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15000 | 15609267 |
| Allied Universal Holdco LLC/Allied Universal <br> Finance Corp./Atlas Luxco 4 SARL<br>|  |  |
| 4.63%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 17867 | 17651301 |
| 4.63%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 11629 | 11508893 |
| Avis Budget Car Rental LLC/Avis Budget <br> Finance, Inc.<br>|  |  |
| 4.75%, 04/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6790 | 6631702 |
| 5.38%, 03/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8467 | 8076062 |
| 8.00%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6549 | 6489308 |
| 8.25%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 10140 | 10227933 |
| 8.38%, 06/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9106 | 8936211 |
| Belron U.K. Finance PLC, 5.75%, 10/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 16777 | 17149137 |
| Block, Inc. |  |  |
| 3.50%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; 11778 | 11044551 |
| 5.63%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 18756 | 18985761 |
| 6.00%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp; 15431 | 15641568 |
| 6.50%, 05/15/32 | &nbsp;&nbsp; 29526 | 30347260 |
| Brink's Co.(The) |  |  |
| 4.63%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 4089 | 4071111 |
| 6.50%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5024 | 5170010 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 6.75%, 06/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; $2054 | $2125130 |
| Clarivate Science Holdings Corp. |  |  |
| 3.88%, 07/01/28<sup>(a)</sup> | &nbsp;&nbsp; 12879 | 12022747 |
| 4.88%, 07/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 12443 | 10141156 |
| EquipmentShare.com, Inc. |  |  |
| 8.00%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 5348 | 5684416 |
| 8.63%, 05/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 8993 | 9603850 |
| 9.00%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 16248 | 17013671 |
| Garda World Security Corp. |  |  |
| 6.00%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7716 | 7543567 |
| 6.50%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 10029 | 10284566 |
| 7.75%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5739 | 5862818 |
| 8.25%, 08/01/32<sup>(a)</sup> | &nbsp;&nbsp; 8156 | 8323956 |
| 8.38%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 14043 | 14347265 |
| GEO Group, Inc.(The) |  |  |
| 8.63%, 04/15/29 | &nbsp;&nbsp; 10653 | 11101402 |
| 10.25%, 04/15/31 | &nbsp;&nbsp; 9697 | 10409713 |
| Herc Holdings, Inc. |  |  |
| 5.75%, 03/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8364 | 8462576 |
| 6.00%, 03/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3785 | 3804461 |
| 6.63%, 06/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11347 | 11700119 |
| 7.00%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 27064 | 28353562 |
| 7.25%, 06/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 18367 | 19402509 |
| Hertz Corp.(The) |  |  |
| 5.00%, 12/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 14487 | 7517396 |
| 12.63%, 07/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 18182 | 16744849 |
| ION Platform Finance U.S., Inc., 7.88%, <br> 09/30/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 22712 | 18159039 |
| Prime Security Services Borrower LLC/Prime <br> Finance, Inc., 3.38%, 08/31/27<sup>(a)</sup><br>| &nbsp;&nbsp; 16808 | 16539632 |
| Raven Acquisition Holdings LLC, 6.88%, <br> 11/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 19983 | 19186402 |
| RR Donnelley & Sons Co. |  |  |
| 9.50%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp; 16926 | 17395708 |
| 10.88%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp; 8608 | 8794966 |
| Sabre Financial Borrower LLC, 11.13%, <br> 06/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 13895 | 13358945 |
| Service Corp. International/U.S. |  |  |
| 3.38%, 08/15/30 | &nbsp;&nbsp; 12270 | 11523105 |
| 4.00%, 05/15/31 | &nbsp;&nbsp; 11170 | 10655177 |
| 4.63%, 12/15/27 | &nbsp;&nbsp; 4735 | 4725463 |
| 5.13%, 06/01/29 | &nbsp;&nbsp; 9175 | 9203431 |
| 5.75%, 10/15/32 | &nbsp;&nbsp; 11570 | 11782373 |
| Shift4 Payments LLC/Shift4 Payments Finance <br> Sub, Inc., 6.75%, 08/15/32<sup>(a)</sup><br>| &nbsp;&nbsp; 23484 | 22991717 |
| Sotheby's, 7.38%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 8552 | 8490532 |
| United Rentals North America, Inc. |  |  |
| 3.75%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10563 | 9974280 |
| 3.88%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp; 9223 | 9166973 |
| 3.88%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15711 | 15129376 |
| 4.00%, 07/15/30 | &nbsp;&nbsp; 9964 | 9698467 |
| 4.88%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 21102 | 21077435 |
| 5.25%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 9653 | 9758866 |
| 5.38%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 17460 | 17583509 |
| 6.13%, 03/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 15543 | 16244100 |
| Veritiv Operating Co., 10.50%, 11/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 16084 | 17235550 |
| Wand NewCo 3, Inc., 7.63%, 01/30/32<sup>(a)</sup> | &nbsp;&nbsp; 17850 | 18617425 |
| Williams Scotsman, Inc. |  |  |
| 4.63%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7533 | 7491288 |
| 6.63%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 7155 | 7385507 |
| 6.63%, 04/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6155 | 6362447 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 7.38%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; $7625 | $7970088 |
|  |  | 852085004 |
| **Computers — 0.7%** | **Computers — 0.7%** | **Computers — 0.7%** |
| Amentum Holdings, Inc., 7.25%, 08/01/32<sup>(a)</sup> | &nbsp;&nbsp; 11677 | 12220710 |
| CACI International, Inc., 6.38%, 06/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 15043 | 15477466 |
| McAfee Corp., 7.38%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 30304 | 24801721 |
| NCR Atleos Corp., 9.50%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 22413 | 24054333 |
| NCR Voyix Corp. |  |  |
| 5.00%, 10/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 7110 | 6977932 |
| 5.13%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 2628 | 2573592 |
| Seagate Data Storage Technology Pte Ltd. |  |  |
| 4.09%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3347 | 3275155 |
| 5.88%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2873 | 2956319 |
| 8.25%, 12/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 9485 | 10000960 |
| 8.50%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8494 | 8927091 |
| 9.63%, 12/01/32<sup>(a)</sup> | &nbsp;&nbsp; 7334 | 8215432 |
|  |  | 119480711 |
| **Cosmetics & Personal Care — 0.4%** | **Cosmetics & Personal Care — 0.4%** | **Cosmetics & Personal Care — 0.4%** |
| Edgewell Personal Care Co. |  |  |
| 4.13%, 04/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7307 | 7042816 |
| 5.50%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 10143 | 10111738 |
| Opal Bidco SAS, 6.50%, 03/31/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 15582 | 16037287 |
| Perrigo Finance Unlimited Co. |  |  |
| 5.15%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 10713 | 10371979 |
| 6.13%, 09/30/32<sup>(b)</sup> | &nbsp;&nbsp; 10274 | 10040295 |
| Prestige Brands, Inc. |  |  |
| 3.75%, 04/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8089 | 7572416 |
| 5.13%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 6385 | 6378565 |
|  |  | 67555096 |
| **Distribution & Wholesale — 0.2%** | **Distribution & Wholesale — 0.2%** | **Distribution & Wholesale — 0.2%** |
| American Builders & Contractors Supply <br> Co., Inc.<br>|  |  |
| 3.88%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2615 | 2523729 |
| 4.00%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 8614 | 8480304 |
| RB Global Holdings, Inc. |  |  |
| 6.75%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 9213 | 9362007 |
| 7.75%, 03/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 13421 | 13958276 |
|  |  | 34324316 |
| **Diversified Financial Services — 5.5%** | **Diversified Financial Services — 5.5%** | **Diversified Financial Services — 5.5%** |
| Ally Financial, Inc. |  |  |
| 6.65%, 01/17/40, (5-year CMT + 2.45%)<sup>(g)</sup> | &nbsp;&nbsp; 8258 | 8228247 |
| 6.70%, 02/14/33<sup>(b)</sup> | &nbsp;&nbsp; 7851 | 8169038 |
| Aretec Group, Inc. |  |  |
| 7.50%, 04/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4162 | 4109125 |
| 10.00%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 11006 | 11709327 |
| Azorra Finance Ltd. |  |  |
| 6.25%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6415 | 6309290 |
| 7.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3791 | 3953743 |
| 7.75%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 8405 | 8839578 |
| Burford Capital Global Finance LLC |  |  |
| 6.25%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 6280 | 6235904 |
| 7.50%, 07/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 8116 | 7714387 |
| 8.50%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7793 | 7585186 |
| 9.25%, 07/01/31<sup>(a)</sup> | &nbsp;&nbsp; 10313 | 10530747 |
| Coinbase Global, Inc. |  |  |
| 3.38%, 10/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 14217 | 13548665 |
| 3.63%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 10745 | 9368979 |
| Credit Acceptance Corp. |  |  |
| 6.63%, 03/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5881 | 5855673 |
| 9.25%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 11193 | 11700006 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| CrossCountry Intermediate HoldCo LLC |  |  |
| 6.50%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; $11020 | $10981000 |
| 6.75%, 12/01/32<sup>(a)</sup> | &nbsp;&nbsp; 8028 | 7940847 |
| Encore Capital Group, Inc. |  |  |
| 6.63%, 04/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5466 | 5514319 |
| 8.50%, 05/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6081 | 6492748 |
| 9.25%, 04/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7228 | 7577451 |
| Focus Financial Partners LLC, 6.75%, <br> 09/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 13220 | 13183230 |
| Freedom Mortgage Holdings LLC |  |  |
| 6.88%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp; 11042 | 10651746 |
| 7.88%, 04/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 6841 | 6738185 |
| 8.38%, 04/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 8603 | 8664608 |
| 9.13%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 9013 | 9303669 |
| 9.25%, 02/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 18680 | 19498231 |
| GGAM Finance Ltd. |  |  |
| 5.88%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5192 | 5302330 |
| 6.88%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4830 | 4976348 |
| 8.00%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp; 8908 | 9023906 |
| 8.00%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5237 | 5496161 |
| Global Aircraft Leasing Co. Ltd., 8.75%, <br> 09/01/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 18767 | 19348758 |
| goeasy Ltd. |  |  |
| 6.88%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6230 | 5365220 |
| 7.38%, 10/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6003 | 5319105 |
| 7.63%, 07/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8942 | 8377437 |
| 9.25%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 6350 | 6296422 |
| Series 144\*, 6.88%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5904 | 5216839 |
| Jane Street Group/JSG Finance, Inc. |  |  |
| 4.50%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 9315 | 9065643 |
| 6.13%, 11/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 24437 | 24539230 |
| 6.75%, 05/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 29309 | 30074589 |
| 7.13%, 04/30/31<sup>(a)</sup> | &nbsp;&nbsp; 19853 | 20592346 |
| Jefferies Finance LLC/JFIN Co-Issuer Corp. |  |  |
| 5.00%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 14807 | 14086397 |
| 6.63%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 7699 | 7498309 |
| Navient Corp. |  |  |
| 4.88%, 03/15/28 | &nbsp;&nbsp; 6533 | 6216287 |
| 5.00%, 03/15/27 | &nbsp;&nbsp; 10183 | 9994986 |
| 5.50%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 9831 | 9168752 |
| 7.88%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp; 7268 | 6762804 |
| 9.38%, 07/25/30<sup>(b)</sup> | &nbsp;&nbsp; 6221 | 6304251 |
| 11.50%, 03/15/31 | &nbsp;&nbsp; 7247 | 7651624 |
| OneMain Finance Corp. |  |  |
| 3.88%, 09/15/28 | &nbsp;&nbsp; 8975 | 8686351 |
| 4.00%, 09/15/30<sup>(b)</sup> | &nbsp;&nbsp; 12447 | 11473743 |
| 5.38%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 10968 | 10829872 |
| 6.13%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 11424 | 11462491 |
| 6.50%, 03/15/33 | &nbsp;&nbsp; 12165 | 12039670 |
| 6.63%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 9826 | 10021712 |
| 6.63%, 05/15/29 | &nbsp;&nbsp; 13936 | 14241332 |
| 6.75%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 8963 | 9035582 |
| 6.75%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 14875 | 14764627 |
| 7.13%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10960 | 11190680 |
| 7.13%, 09/15/32<sup>(b)</sup> | &nbsp;&nbsp; 11873 | 12127454 |
| 7.50%, 05/15/31 | &nbsp;&nbsp; 11155 | 11516348 |
| 7.88%, 03/15/30 | &nbsp;&nbsp; 10539 | 11021621 |
| Osaic Holdings, Inc. |  |  |
| 6.75%, 08/01/32<sup>(a)</sup> | &nbsp;&nbsp; 11673 | 11738894 |
| 8.00%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 10406 | 10370641 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| PennyMac Financial Services, Inc. |  |  |
| 4.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; $9404 | $9028535 |
| 5.75%, 09/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 7227 | 7016440 |
| 6.75%, 02/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 9695 | 9582163 |
| 6.88%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 12539 | 12597883 |
| 6.88%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 12979 | 12962210 |
| 7.13%, 11/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 9127 | 9368227 |
| 7.88%, 12/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11299 | 11836895 |
| PRA Group, Inc. |  |  |
| 8.38%, 02/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6104 | 6130768 |
| 8.88%, 01/31/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 8028 | 8168490 |
| Rocket Companies, Inc. |  |  |
| 6.13%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 30628 | 31401385 |
| 6.38%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 28826 | 29798425 |
| Rocket Cos., Inc. |  |  |
| 6.50%, 08/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 10793 | 11082886 |
| 7.13%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 14796 | 15465297 |
| Rocket Mortgage LLC/Rocket Mortgage <br> Co-Issuer, Inc.<br>|  |  |
| 3.63%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 11417 | 10984925 |
| 3.88%, 03/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 17502 | 16440362 |
| 4.00%, 10/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 11838 | 10851806 |
| Stonex Escrow Issuer LLC, 6.88%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6629 | 6873709 |
| StoneX Group, Inc., 7.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 10121 | 10734099 |
| Synchrony Financial, 7.25%, 02/02/33 | &nbsp;&nbsp; 11768 | 12403203 |
| United Wholesale Mortgage LLC |  |  |
| 5.50%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7909 | 7745494 |
| 5.75%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp; 7691 | 7648873 |
| UWM Holdings LLC |  |  |
| 6.25%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 13386 | 12906978 |
| 6.63%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 10179 | 10069258 |
|  |  | 908701002 |
| **Electric — 3.9%** | **Electric — 3.9%** | **Electric — 3.9%** |
| AES Corp.(The) |  |  |
| 6.95%, 07/15/55, (5-year CMT + 2.89%)<sup>(g)</sup> | &nbsp;&nbsp; 7192 | 6963876 |
| 7.60%, 01/15/55, (5-year CMT + 3.20%)<sup>(g)</sup> | &nbsp;&nbsp; 13492 | 13569785 |
| Alpha Generation LLC |  |  |
| 6.25%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 10965 | 11114056 |
| 6.75%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 15147 | 15718563 |
| California Buyer Ltd./Atlantica Sustainable <br> Infrastructure PLC, 6.38%, 02/15/32<sup>(a)</sup><br>| &nbsp;&nbsp; 12679 | 12620360 |
| Calpine Corp., 5.13%, 03/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 191 | 190970 |
| Clearway Energy Operating LLC |  |  |
| 3.75%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 12963 | 12275449 |
| 4.75%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 13939 | 13890580 |
| 5.75%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5515 | 5579435 |
| Constellation Energy Generation LLC, 4.63%, <br> 02/01/29<sup>(a)</sup><br>| &nbsp;&nbsp; 913 | 912996 |
| DPL LLC, 4.35%, 04/15/29 | &nbsp;&nbsp; 5016 | 4944807 |
| Edison International |  |  |
| 7.88%, 06/15/54, (5-year CMT + 3.66%)<sup>(g)</sup> | &nbsp;&nbsp; 3006 | 3128201 |
| 8.13%, 06/15/53, (5-year CMT + 3.86%)<sup>(b)(g)</sup> | &nbsp;&nbsp; 7348 | 7629187 |
| Electricite de France SA, 9.13%, (5-year CMT + <br> 5.41%)<sup>(a)(g)(h)</sup><br>| &nbsp;&nbsp; 20301 | 24076623 |
| EnfraGen Energia Sur SA/EnfraGen <br> Spain SA/Prime Energia SpA<br>|  |  |
| 5.38%, 12/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7932 | 7482133 |
| 8.50%, 06/30/32<sup>(a)</sup> | &nbsp;&nbsp; 3964 | 4129993 |
| EUSHI Finance, Inc. |  |  |
| 6.25%, 04/01/56, (5-year CMT + 2.51%)<sup>(b)(g)</sup> | &nbsp;&nbsp; 10133 | 10184168 |
| 7.63%, 12/15/54, (5-year CMT + 3.14%)<sup>(g)</sup> | &nbsp;&nbsp; 6535 | 6883593 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Lightning Power LLC, 7.25%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; $25294 | $26848331 |
| NRG Energy, Inc. |  |  |
| 3.38%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7175 | 6904429 |
| 3.63%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 15225 | 14376663 |
| 3.88%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7346 | 6879525 |
| 5.25%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 8071 | 8096565 |
| 5.75%, 01/15/28 | &nbsp;&nbsp; 12173 | 12171405 |
| 5.75%, 07/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 12735 | 12761158 |
| 5.75%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 18034 | 18269335 |
| 6.00%, 02/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 13529 | 13839727 |
| 6.00%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 33227 | 33806851 |
| 6.25%, 11/01/34<sup>(a)</sup> | &nbsp;&nbsp; 13879 | 14360816 |
| PacifiCorp |  |  |
| 7.13%, 08/15/56, (5-year CMT + 3.29%)<sup>(g)</sup> | &nbsp;&nbsp; 13500 | 13272525 |
| 7.38%, 09/15/55, (5-year CMT + 3.32%)<sup>(g)</sup> | &nbsp;&nbsp; 10417 | 10552272 |
| PG&E Corp. |  |  |
| 5.00%, 07/01/28 | &nbsp;&nbsp; 15342 | 15289153 |
| 5.25%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp; 14906 | 14919037 |
| 6.85%, 09/15/56, (5-year CMT + 3.23%)<sup>(g)</sup> | &nbsp;&nbsp; 10315 | 10327894 |
| 7.38%, 03/15/55, (5-year CMT + 3.88%)<sup>(g)</sup> | &nbsp;&nbsp; 21158 | 21885937 |
| Talen Energy Supply LLC |  |  |
| 6.25%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 20279 | 20618586 |
| 6.50%, 02/01/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 18233 | 18740696 |
| 8.63%, 06/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 18877 | 19856018 |
| Vistra Operations Co. LLC |  |  |
| 4.38%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 16084 | 15913744 |
| 5.00%, 07/31/27<sup>(a)</sup> | &nbsp;&nbsp; 16121 | 16114124 |
| 5.63%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp; 15149 | 15149344 |
| 6.88%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 13113 | 13787416 |
| 7.75%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 21516 | 22718910 |
| VoltaGrid LLC, 7.38%, 11/01/30<sup>(a)</sup> | &nbsp;&nbsp; 30253 | 31581207 |
| XPLR Infrastructure Operating Partners LP |  |  |
| 4.50%, 09/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 7388 | 7356288 |
| 7.25%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11401 | 11818948 |
| 7.75%, 04/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 9500 | 9845052 |
| 8.38%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 12245 | 12957369 |
| 8.63%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 13265 | 14033448 |
|  |  | 646347548 |
| **Electrical Components & Equipment — 0.5%** | **Electrical Components & Equipment — 0.5%** | **Electrical Components & Equipment — 0.5%** |
| Energizer Holdings, Inc. |  |  |
| 4.38%, 03/31/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11820 | 11487562 |
| 4.75%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7839 | 7756063 |
| 6.00%, 09/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 6468 | 6310724 |
| WESCO Distribution, Inc. |  |  |
| 5.25%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3745 | 3754450 |
| 5.50%, 04/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5540 | 5580016 |
| 6.38%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 9647 | 9910450 |
| 6.38%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 10535 | 10977132 |
| 6.63%, 03/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 11474 | 11923920 |
| 7.25%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 21919 | 22070215 |
|  |  | 89770532 |
| **Electronics — 0.3%** | **Electronics — 0.3%** | **Electronics — 0.3%** |
| Imola Merger Corp., 4.75%, 05/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 25323 | 24853562 |
| Sensata Technologies BV |  |  |
| 4.00%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 8322 | 8134456 |
| 5.88%, 09/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3212 | 3246762 |
| Sensata Technologies, Inc. |  |  |
| 3.75%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6798 | 6406210 |
| 4.38%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6602 | 6468902 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 6.63%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; $7448 | $7786831 |
|  |  | 56896723 |
| **Energy - Alternate Sources — 0.1%** | **Energy - Alternate Sources — 0.1%** | **Energy - Alternate Sources — 0.1%** |
| TerraForm Power Operating LLC |  |  |
| 4.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7609 | 7438950 |
| 5.00%, 01/31/28<sup>(a)</sup> | &nbsp;&nbsp; 9324 | 9334055 |
|  |  | 16773005 |
| **Engineering & Construction — 0.4%** | **Engineering & Construction — 0.4%** | **Engineering & Construction — 0.4%** |
| AECOM, 6.00%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 18005 | 18389113 |
| Arcosa, Inc. |  |  |
| 4.38%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5388 | 5296329 |
| 6.88%, 08/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 8804 | 9218926 |
| Brand Industrial Services, Inc., 10.38%, <br> 08/01/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 20575 | 19195833 |
| TopBuild Corp. |  |  |
| 3.63%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5069 | 4890765 |
| 4.13%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6387 | 6057673 |
| 5.63%, 01/31/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 10014 | 10076337 |
|  |  | 73124976 |
| **Entertainment — 3.0%** | **Entertainment — 3.0%** | **Entertainment — 3.0%** |
| Brightstar Lottery PLC, 5.25%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 10897 | 10841040 |
| Brightstar Lottery PLC/Brightstar Global <br> Solutions Corp., 5.75%, 01/15/33<sup>(a)</sup><br>| &nbsp;&nbsp; 7044 | 7001049 |
| Caesars Entertainment, Inc. |  |  |
| 4.63%, 10/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 17936 | 17511324 |
| 6.00%, 10/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 16490 | 16103516 |
| 6.50%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 22557 | 22916272 |
| 7.00%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 31257 | 31941450 |
| Churchill Downs, Inc. |  |  |
| 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7123 | 7099514 |
| 5.50%, 04/01/27<sup>(a)</sup> | &nbsp;&nbsp; 8217 | 8222108 |
| 5.75%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 20936 | 21060638 |
| 6.75%, 05/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 7191 | 7400730 |
| Cinemark USA, Inc. |  |  |
| 5.25%, 07/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 10343 | 10328678 |
| 7.00%, 08/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 4247 | 4415126 |
| Discovery Global Holdings, Inc. |  |  |
| 3.76%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp; 14174 | 14127411 |
| 4.05%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 19425 | 19225443 |
| 4.28%, 03/15/32 | &nbsp;&nbsp; 38308 | 35143840 |
| Light & Wonder International, Inc. |  |  |
| 6.25%, 10/01/33<sup>(a)</sup> | &nbsp;&nbsp; 13019 | 13061092 |
| 7.25%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 8780 | 9000005 |
| 7.50%, 09/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6071 | 6330056 |
| Live Nation Entertainment, Inc. |  |  |
| 3.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 6162 | 6060905 |
| 4.75%, 10/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 11282 | 11272542 |
| 6.50%, 05/15/27<sup>(a)</sup> | &nbsp;&nbsp; 19768 | 19857830 |
| Merlin Entertainments Group U.S. Holdings, <br> Inc., 7.38%, 02/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6992 | 5715960 |
| Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC<br>|  |  |
| 8.25%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 10107 | 10503453 |
| 11.88%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 9081 | 9606691 |
| Motion Bondco DAC, 6.63%, 11/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4473 | 4219116 |
| Motion Finco SARL, 8.38%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4724 | 3770342 |
| Muvico LLC, 15.00%, 02/19/29, (9.00 % Cash <br> and 6.00 % PIK)<sup>(a)(b)(f)</sup><br>| &nbsp;&nbsp; 10072 | 9593580 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Entertainment (continued)** | **Entertainment (continued)** | **Entertainment (continued)** |
| Premier Entertainment Sub LLC/Premier <br> Entertainment Finance Corp.<br>|  |  |
| 5.63%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; $10223 | $7329129 |
| 5.88%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 10338 | 6598298 |
| Resorts World Las Vegas LLC/RWLV <br> Capital, Inc.<br>|  |  |
| 4.63%, 04/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 12317 | 11210032 |
| 8.45%, 07/27/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5105 | 5202605 |
| Six Flags Entertainment Corp., 7.25%, <br> 05/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 11769 | 11544264 |
| Six Flags Entertainment Corp./Canada's <br> Wonderland Co./Magnum Management <br> Corp., 5.25%, 07/15/29<sup>(b)</sup><br>| &nbsp;&nbsp; 6894 | 6618078 |
| Six Flags Entertainment Corp./Six Flags Theme <br> Parks, Inc./Canada's Wonderland Co., <br> 6.63%, 05/01/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 12034 | 12219515 |
| Six Flags Entertainment Corp/Canada's <br> Wonderland Co/Millennium Operations LLC, <br> 8.63%, 01/15/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 13109 | 13262556 |
| Vail Resorts, Inc. |  |  |
| 5.63%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5879 | 5967185 |
| 6.50%, 05/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7576 | 7840402 |
| Voyager Parent LLC, 9.25%, 07/01/32<sup>(a)</sup> | &nbsp;&nbsp; 26058 | 27777124 |
| Wynn Resorts Finance LLC/Wynn Resorts <br> Capital Corp.<br>|  |  |
| 5.13%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11913 | 11972764 |
| 6.25%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 12486 | 12751327 |
| 7.13%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 15015 | 16201702 |
|  |  | 498824692 |
| **Environmental Control — 0.6%** | **Environmental Control — 0.6%** | **Environmental Control — 0.6%** |
| Clean Harbors, Inc. |  |  |
| 5.75%, 10/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 9531 | 9748473 |
| 6.38%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5853 | 6002533 |
| GFL Environmental Holdings U.S., Inc., 5.50%, <br> 02/01/34<sup>(a)</sup><br>| &nbsp;&nbsp; 11458 | 11507126 |
| GFL Environmental, Inc. |  |  |
| 4.00%, 08/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 9857 | 9697706 |
| 4.38%, 08/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7401 | 7267282 |
| 4.75%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 9806 | 9739513 |
| 6.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 15652 | 16410742 |
| Madison IAQ LLC |  |  |
| 4.13%, 06/30/28<sup>(a)</sup> | &nbsp;&nbsp; 7725 | 7628821 |
| 5.88%, 06/30/29<sup>(a)</sup> | &nbsp;&nbsp; 13998 | 13923636 |
| Wrangler Holdco Corp., 6.63%, 04/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 6709 | 6980184 |
|  |  | 98906016 |
| **Food — 2.4%** | **Food — 2.4%** | **Food — 2.4%** |
| Albertsons Companies, Inc./Safeway, Inc./New <br> Albertsons LP/Albertsons LLC<br>|  |  |
| 3.50%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 20064 | 19322105 |
| 4.88%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 13605 | 13487431 |
| 5.50%, 03/31/31<sup>(a)</sup> | &nbsp;&nbsp; 9876 | 9946172 |
| 5.63%, 03/31/32<sup>(a)</sup> | &nbsp;&nbsp; 14215 | 14261494 |
| 5.75%, 03/31/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 20135 | 20045282 |
| 6.25%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 9119 | 9374782 |
| 6.50%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 11045 | 11237076 |
| B&G Foods, Inc. |  |  |
| 5.25%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 6263 | 6073366 |
| 8.00%, 09/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 11149 | 10813717 |
| Chobani Holdco II LLC, 8.75%, 10/01/29, (8.75 <br> % Cash)<sup>(a)(b)(f)</sup><br>| &nbsp;&nbsp; 8405 | 8993548 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| Chobani LLC/Chobani Finance Corp., Inc. |  |  |
| 4.63%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; $1844 | $1836109 |
| 7.63%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7909 | 8216865 |
| KeHE Distributors LLC/KeHE Finance <br> Corp./NextWave Distribution, Inc., 9.00%, <br> 02/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 16613 | 17429730 |
| Lamb Weston Holdings, Inc. |  |  |
| 4.13%, 01/31/30<sup>(a)</sup> | &nbsp;&nbsp; 13178 | 12768884 |
| 4.38%, 01/31/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9033 | 8600139 |
| 4.88%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5434 | 5433452 |
| Performance Food Group, Inc. |  |  |
| 4.25%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp; 14658 | 14365023 |
| 5.63%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 8005 | 8029090 |
| 6.13%, 09/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 15113 | 15521539 |
| Pilgrim's Pride Corp. |  |  |
| 3.50%, 03/01/32 | &nbsp;&nbsp; 11509 | 10757215 |
| 4.25%, 04/15/31 | &nbsp;&nbsp; 12635 | 12390539 |
| 6.25%, 07/01/33<sup>(b)</sup> | &nbsp;&nbsp; 13973 | 15065564 |
| 6.88%, 05/15/34 | &nbsp;&nbsp; 7134 | 7985462 |
| Post Holdings, Inc. |  |  |
| 4.50%, 09/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 15414 | 14743977 |
| 4.63%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 20976 | 20529251 |
| 6.25%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 15821 | 16272489 |
| 6.25%, 10/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 9523 | 9721595 |
| 6.38%, 03/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 18661 | 18988139 |
| 6.50%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 19312 | 19631505 |
| U.S. Foods, Inc. |  |  |
| 4.63%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6294 | 6229193 |
| 4.75%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11543 | 11450541 |
| 5.75%, 04/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 6346 | 6467078 |
| 6.88%, 09/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 9961 | 10266697 |
| 7.25%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8378 | 8768609 |
|  |  | 405023658 |
| **Food Service — 0.2%** | **Food Service — 0.2%** | **Food Service — 0.2%** |
| Aramark Services, Inc., 5.00%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 14965 | 14959397 |
| TKC Holdings, Inc. |  |  |
| 8.50%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 9296 | 9503859 |
| 12.00%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3824 | 4017494 |
|  |  | 28480750 |
| **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** |
| Magnera Corp. |  |  |
| 4.75%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6676 | 6201182 |
| 7.25%, 11/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 11670 | 11451094 |
| Mercer International, Inc. |  |  |
| 5.13%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 11705 | 7236394 |
| 12.88%, 10/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5478 | 3819621 |
|  |  | 28708291 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| AmeriGas Partners LP/AmeriGas Finance Corp. |  |  |
| 5.75%, 05/20/27 | &nbsp;&nbsp; 8899 | 8977355 |
| 9.38%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 7972 | 8230938 |
| 9.50%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4949 | 5295983 |
|  |  | 22504276 |
| **Health Care - Products — 0.8%** | **Health Care - Products — 0.8%** | **Health Care - Products — 0.8%** |
| Avantor Funding, Inc. |  |  |
| 3.88%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp; 8022 | 7649730 |
| 4.63%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp; 24327 | 24086146 |
| Bausch & Lomb Corp., 8.38%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp; 23141 | 23980556 |
| DENTSPLY SIRONA, Inc., 8.38%, 09/12/55, <br> (5-year CMT + 4.38%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp; 6606 | 6595678 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| Hologic, Inc. |  |  |
| 3.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; $13666 | $13585507 |
| 4.63%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2467 | 2465488 |
| Medline Borrower LP |  |  |
| 3.88%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 13907 | 13678174 |
| 5.25%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 35705 | 35730311 |
| Teleflex, Inc. |  |  |
| 4.25%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 5609 | 5525457 |
| 4.63%, 11/15/27 | &nbsp;&nbsp; 3481 | 3456543 |
|  |  | 136753590 |
| **Health Care - Services — 4.6%** | **Health Care - Services — 4.6%** | **Health Care - Services — 4.6%** |
| Acadia Healthcare Co., Inc. |  |  |
| 5.00%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4550 | 4452321 |
| 5.50%, 07/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5912 | 5877606 |
| 7.38%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 7821 | 8056323 |
| Charles River Laboratories International, Inc. |  |  |
| 3.75%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3283 | 3158010 |
| 4.00%, 03/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 7607 | 7166745 |
| 4.25%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; 6185 | 6092596 |
| CHS/Community Health Systems, Inc. |  |  |
| 4.75%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 15089 | 13817996 |
| 5.25%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 21931 | 21056036 |
| 6.00%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 8379 | 8353689 |
| 6.13%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 18155 | 16022133 |
| 6.88%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 17565 | 16871183 |
| 9.75%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 25794 | 27164701 |
| 10.88%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 27022 | 29243176 |
| DaVita, Inc. |  |  |
| 3.75%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 21769 | 20311034 |
| 4.63%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 40718 | 39849811 |
| 6.75%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 14952 | 15518996 |
| 6.88%, 09/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 14810 | 15380803 |
| Encompass Health Corp. |  |  |
| 4.50%, 02/01/28 | &nbsp;&nbsp; 9674 | 9632361 |
| 4.63%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5678 | 5560035 |
| 4.75%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp; 8105 | 8051484 |
| Global Medical Response, Inc., 7.38%, <br> 10/01/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 13994 | 14653621 |
| IQVIA, Inc. |  |  |
| 5.00%, 05/15/27<sup>(a)</sup> | &nbsp;&nbsp; 13726 | 13708265 |
| 6.25%, 06/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 31289 | 32186813 |
| 6.50%, 05/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4545 | 4670206 |
| LifePoint Health, Inc. |  |  |
| 5.38%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6599 | 6427534 |
| 8.38%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 10724 | 11612081 |
| 9.88%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 13013 | 13879991 |
| 10.00%, 06/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9680 | 10093129 |
| 11.00%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 17329 | 18818234 |
| Molina Healthcare, Inc. |  |  |
| 3.88%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 8703 | 7922707 |
| 3.88%, 05/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 8808 | 7777411 |
| 4.38%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 10888 | 10670240 |
| 6.25%, 01/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 11119 | 10879052 |
| 6.50%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 12729 | 12765464 |
| MPH Acquisition Holdings LLC |  |  |
| 5.75%, 12/31/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 10700 | 7833169 |
| 6.75%, 03/31/31, (6.00 % Cash and 0.75 % <br> PIK)<sup>(a)(b)(f)</sup><br>| &nbsp;&nbsp; 10691 | 6868958 |
| 11.50%, 12/31/30, (6.50 % cash and 5.00 % <br> PIK)<sup>(a)(b)(f)</sup><br>| &nbsp;&nbsp; 7928 | 7056242 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| National Mentor Holdings, Inc., 10.50%, <br> 12/15/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; $17287 | $17287000 |
| Prime Healthcare Services, Inc., 9.38%, <br> 09/01/29<sup>(a)</sup><br>| &nbsp;&nbsp; 21842 | 22799361 |
| Radiology Partners, Inc. |  |  |
| 8.50%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 13401 | 13685771 |
| 9.78%, 02/15/30, (9.78 % in PIK)<sup>(a)(b)(f)</sup> | &nbsp;&nbsp; 9835 | 9085622 |
| Star Parent, Inc., 9.00%, 10/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 13502 | 13686572 |
| Surgery Center Holdings, Inc., 7.25%, <br> 04/15/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 15274 | 15264454 |
| Team Health Holdings, Inc. |  |  |
| 8.38%, 06/30/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6669 | 6705124 |
| 13.50%, 06/30/28, (9.00 % Cash and 4.50 % <br> in PIK)<sup>(a)(b)(f)</sup><br>| &nbsp;&nbsp; 8533 | 8975027 |
| Tenet Healthcare Corp. |  |  |
| 4.25%, 06/01/29 | &nbsp;&nbsp; 19614 | 19283092 |
| 4.38%, 01/15/30 | &nbsp;&nbsp; 20271 | 19905457 |
| 4.63%, 06/15/28 | &nbsp;&nbsp; 6946 | 6929448 |
| 5.13%, 11/01/27 | &nbsp;&nbsp; 20592 | 20596532 |
| 5.50%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 19286 | 19509808 |
| 6.00%, 11/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 7418 | 7653119 |
| 6.13%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp; 26176 | 26208403 |
| 6.13%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 27071 | 27613890 |
| 6.75%, 05/15/31<sup>(b)</sup> | &nbsp;&nbsp; 18149 | 18837328 |
| U.S. Acute Care Solutions LLC, 9.75%, <br> 05/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 14681 | 14659316 |
|  |  | 768145480 |
| **Holding Companies - Diversified — 0.6%** | **Holding Companies - Diversified — 0.6%** | **Holding Companies - Diversified — 0.6%** |
| Compass Group Diversified Holdings LLC, <br> 5.25%, 04/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 13569 | 12693683 |
| HA Sustainable Infrastructure Capital, Inc., <br> 8.00%, 06/01/56, (5-year CMT + 4.30%)<sup>(g)</sup><br>| &nbsp;&nbsp; 6896 | 7251819 |
| Icahn Enterprises LP/Icahn Enterprises <br> Finance Corp.<br>|  |  |
| 4.38%, 02/01/29 | &nbsp;&nbsp; 10683 | 9089545 |
| 5.25%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp; 20793 | 20461285 |
| 9.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 11146 | 10578728 |
| 9.75%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 10215 | 10055511 |
| 10.00%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 14248 | 14050309 |
| Stena International SA |  |  |
| 7.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 11412 | 11760876 |
| 7.63%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5756 | 5990179 |
|  |  | 101931935 |
| **Home Builders — 0.6%** | **Home Builders — 0.6%** | **Home Builders — 0.6%** |
| Ashton Woods USA LLC/Ashton Woods <br> Finance Co.<br>|  |  |
| 4.63%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5729 | 5460797 |
| 6.88%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 6111 | 6160540 |
| Brookfield Residential Properties, <br> Inc./Brookfield Residential U.S. LLC<br>|  |  |
| 4.88%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7137 | 6708904 |
| 6.25%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp; 10020 | 10024277 |
| Century Communities, Inc. |  |  |
| 3.88%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 7195 | 6853734 |
| 6.63%, 09/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 7349 | 7461532 |
| LGI Homes, Inc. |  |  |
| 7.00%, 11/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 5408 | 5296338 |
| 8.75%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7785 | 8112834 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Home Builders (continued)** | **Home Builders (continued)** | **Home Builders (continued)** |
| Mattamy Group Corp. |  |  |
| 4.63%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; $8062 | $7870723 |
| 6.00%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp; 8158 | 8016071 |
| Taylor Morrison Communities, Inc. |  |  |
| 5.13%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 7348 | 7406655 |
| 5.75%, 01/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4759 | 4847938 |
| 5.75%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7620 | 7849828 |
|  |  | 92070171 |
| **Home Furnishings — 0.4%** | **Home Furnishings — 0.4%** | **Home Furnishings — 0.4%** |
| FXI Holdings, Inc. |  |  |
| 11.00%, 11/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 11178 | 10445034 |
| 14.00%, 11/15/29, (14.00 % Cash and 10.50 <br> % in PIK)<sup>(a)(b)(f)</sup><br>| &nbsp;&nbsp; 6530 | 3782308 |
| Somnigroup International, Inc. |  |  |
| 3.88%, 10/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 11556 | 10840452 |
| 4.00%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11502 | 11171732 |
| Whirlpool Corp. |  |  |
| 4.75%, 02/26/29<sup>(b)</sup> | &nbsp;&nbsp; 10518 | 10375117 |
| 6.13%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 8424 | 8440217 |
| 6.50%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 9069 | 9064264 |
|  |  | 64119124 |
| **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** |
| Kronos Acquisition Holdings, Inc. |  |  |
| 8.25%, 06/30/31<sup>(a)</sup> | &nbsp;&nbsp; 8074 | 5530720 |
| 10.75%, 06/30/32<sup>(a)</sup> | &nbsp;&nbsp; 6711 | 2908100 |
|  |  | 8438820 |
| **Housewares — 0.5%** | **Housewares — 0.5%** | **Housewares — 0.5%** |
| Central Garden & Pet Co. |  |  |
| 4.13%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 7188 | 6932114 |
| 4.13%, 04/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5421 | 5164085 |
| Newell Brands, Inc. |  |  |
| 6.38%, 09/15/27 | &nbsp;&nbsp; 7766 | 7876286 |
| 6.38%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 11258 | 11276589 |
| 6.63%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp; 8004 | 8120835 |
| 6.63%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 7115 | 7109928 |
| 8.50%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 17682 | 18594278 |
| Scotts Miracle-Gro Co.(The) |  |  |
| 4.00%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 6671 | 6307232 |
| 4.38%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 5419 | 5145660 |
| 4.50%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp; 5574 | 5502223 |
|  |  | 82029230 |
| **Insurance — 3.2%** | **Insurance — 3.2%** | **Insurance — 3.2%** |
| Acrisure LLC/Acrisure Finance, Inc. |  |  |
| 4.25%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8981 | 8539167 |
| 6.00%, 08/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6580 | 6138511 |
| 6.75%, 07/01/32<sup>(a)</sup> | &nbsp;&nbsp; 7916 | 7759842 |
| 7.50%, 11/06/30<sup>(a)</sup> | &nbsp;&nbsp; 14999 | 15242527 |
| 8.25%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 13139 | 13141884 |
| 8.50%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6560 | 6537768 |
| Alliant Holdings Intermediate LLC/Alliant <br> Holdings Co-Issuer<br>|  |  |
| 4.25%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 7721 | 7606461 |
| 5.88%, 11/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6721 | 6551732 |
| 6.50%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 13940 | 13990284 |
| 6.75%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 21137 | 21135696 |
| 6.75%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 20514 | 20681624 |
| 7.00%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 20046 | 20339514 |
| 7.38%, 10/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 8867 | 8762813 |
| American National Group, Inc., 7.00%, <br> 12/01/55, (5-year CMT + 3.18%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp; 6341 | 6284630 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| AmWINS Group, Inc. |  |  |
| 4.88%, 06/30/29<sup>(a)</sup> | &nbsp;&nbsp; $7486 | $7263817 |
| 6.38%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 9356 | 9501070 |
| Ardonagh Finco Ltd., 7.75%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 18887 | 19329220 |
| Ardonagh Group Finance Ltd., 8.88%, <br> 02/15/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 22652 | 22344902 |
| Asurion LLC and Asurion Co-Issuer, Inc. |  |  |
| 8.00%, 12/31/32<sup>(a)</sup> | &nbsp;&nbsp; 54339 | 57091232 |
| 8.38%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 40655 | 40414233 |
| Global Atlantic Fin Co. |  |  |
| 7.25%, 03/01/56, (5-year CMT + 3.55%)<sup>(a)(g)</sup> | &nbsp;&nbsp; 6948 | 6625300 |
| 7.95%, 10/15/54, (5-year CMT + 3.61%)<sup>(a)(g)</sup> | &nbsp;&nbsp; 8417 | 8035300 |
| Howden U.K. Refinance PLC/Howden U.K. <br> Refinance 2 PLC/Howden U.S. Refinance <br> LLC<br>|  |  |
| 7.25%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 13649 | 13811300 |
| 8.13%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 14417 | 13765712 |
| HUB International Ltd. |  |  |
| 5.63%, 12/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5138 | 5052473 |
| 7.25%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 48464 | 49830467 |
| 7.38%, 01/31/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 27222 | 27744300 |
| Jones Deslauriers Insurance Management, Inc. |  |  |
| 6.88%, 10/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 6294 | 5850002 |
| 8.50%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 10965 | 11372073 |
| Panther Escrow Issuer LLC, 7.13%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 46986 | 47769102 |
| Ryan Specialty LLC |  |  |
| 4.38%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4566 | 4451274 |
| 5.88%, 08/01/32<sup>(a)</sup> | &nbsp;&nbsp; 17106 | 17232444 |
|  |  | 530196674 |
| **Internet — 1.8%** | **Internet — 1.8%** | **Internet — 1.8%** |
| Arches Buyer, Inc. |  |  |
| 4.25%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 14023 | 13566114 |
| 6.13%, 12/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 7088 | 6671333 |
| Cogent Communications Group LLC/Cogent <br> Finance, Inc.<br>|  |  |
| 6.50%, 07/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7819 | 6915580 |
| 7.00%, 06/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 5594 | 5481130 |
| Gen Digital, Inc. |  |  |
| 6.25%, 04/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 13854 | 13789936 |
| 6.75%, 09/30/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 14248 | 14380435 |
| 7.13%, 09/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6320 | 6411466 |
| Getty Images, Inc. |  |  |
| 10.50%, 11/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 9501 | 8402019 |
| 11.25%, 02/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7119 | 6324567 |
| Go Daddy Operating Co. LLC/GD Finance <br> Co., Inc.<br>|  |  |
| 3.50%, 03/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8471 | 7908407 |
| 5.25%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 5128 | 5097465 |
| ION Platform Finance U.S., Inc./ION Platform <br> Finance SARL<br>|  |  |
| 5.75%, 05/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6518 | 6106551 |
| 9.00%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7262 | 6722797 |
| 9.50%, 05/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11210 | 10527872 |
| Series 144@, 8.75%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 10389 | 9608045 |
| Match Group Holdings II LLC |  |  |
| 3.63%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6620 | 5995238 |
| 4.13%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 8070 | 7668593 |
| 4.63%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 5595 | 5528332 |
| 5.00%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2367 | 2364938 |
| 6.13%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 10609 | 10568122 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| Rakuten Group, Inc. |  |  |
| 6.25%, (5-year CMT + 4.96%)<sup>(a)(b)(g)(h)</sup> | &nbsp;&nbsp; $14080 | $13464683 |
| 8.13%, (5-year CMT + 4.25%)<sup>(a)(b)(g)(h)</sup> | &nbsp;&nbsp; 8161 | 8451497 |
| 9.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 28092 | 31191992 |
| 11.25%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp; 23837 | 25032573 |
| Snap, Inc. |  |  |
| 6.88%, 03/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 21929 | 21805485 |
| 6.88%, 03/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 8201 | 8146586 |
| Wayfair LLC |  |  |
| 6.75%, 11/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 10287 | 10483296 |
| 7.25%, 10/31/29<sup>(a)</sup> | &nbsp;&nbsp; 11358 | 11712178 |
| 7.75%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 10299 | 10798173 |
|  |  | 301125403 |
| **Iron & Steel — 1.0%** | **Iron & Steel — 1.0%** | **Iron & Steel — 1.0%** |
| Cleveland-Cliffs, Inc. |  |  |
| 6.75%, 04/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 11397 | 11572267 |
| 6.88%, 11/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 13135 | 13511186 |
| 7.00%, 03/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 20134 | 20445616 |
| 7.38%, 05/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 13243 | 13585166 |
| 7.50%, 09/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 12942 | 13505517 |
| 7.63%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 16088 | 16506513 |
| Commercial Metals Co. |  |  |
| 5.75%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 16783 | 17091404 |
| 6.00%, 12/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 15120 | 15475889 |
| Mineral Resources Ltd. |  |  |
| 7.00%, 04/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6404 | 6734138 |
| 8.00%, 11/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 9434 | 9640285 |
| 8.50%, 05/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 10036 | 10369697 |
| 9.25%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp; 18086 | 18926805 |
|  |  | 167364483 |
| **Leisure Time — 0.9%** | **Leisure Time — 0.9%** | **Leisure Time — 0.9%** |
| NCL Corp. Ltd. |  |  |
| 5.88%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 17305 | 17442471 |
| 6.25%, 09/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 12736 | 12850452 |
| 6.75%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 26967 | 27737283 |
| 7.75%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8687 | 9272737 |
| NCL Finance Ltd., 6.13%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7988 | 8201336 |
| Sabre GLBL, Inc. |  |  |
| 10.75%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6506 | 4756419 |
| 10.75%, 03/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6996 | 5065979 |
| 11.13%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 18713 | 13555229 |
| Viking Cruises Ltd. |  |  |
| 5.88%, 10/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 24442 | 24926145 |
| 7.00%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8385 | 8398649 |
| 9.13%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 11607 | 12334653 |
| VOC Escrow Ltd., 5.00%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 8639 | 8624826 |
|  |  | 153166179 |
| **Lodging — 2.4%** | **Lodging — 2.4%** | **Lodging — 2.4%** |
| Boyd Gaming Corp. |  |  |
| 4.75%, 12/01/27 | &nbsp;&nbsp; 11873 | 11856971 |
| 4.75%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 12183 | 11904854 |
| Hilton Domestic Operating Co., Inc. |  |  |
| 3.63%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 21240 | 19771209 |
| 3.75%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 12233 | 11907349 |
| 4.00%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp; 16860 | 16189198 |
| 4.88%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 11472 | 11480598 |
| 5.50%, 03/31/34<sup>(a)</sup> | &nbsp;&nbsp; 11326 | 11440116 |
| 5.75%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 14346 | 14665382 |
| 5.88%, 04/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7244 | 7408801 |
| 5.88%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 14823 | 15253141 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| 6.13%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; $7391 | $7636490 |
| Hilton Grand Vacations Borrower <br> Escrow LLC/Hilton Grand Vacations <br> Borrower Esc<br>|  |  |
| 4.88%, 07/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6526 | 6135097 |
| 5.00%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 12206 | 11902376 |
| 6.63%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 13023 | 13257979 |
| Hilton Worldwide Finance LLC/Hilton Worldwide <br> Finance Corp., 4.88%, 04/01/27<sup>(b)</sup><br>| &nbsp;&nbsp; 2919 | 2919381 |
| Marriott Ownership Resorts, Inc. |  |  |
| 4.50%, 06/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3069 | 2956045 |
| 6.50%, 10/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 10760 | 10427986 |
| Melco Resorts Finance Ltd. |  |  |
| 5.38%, 12/04/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 16473 | 16244566 |
| 5.63%, 07/17/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 5779 | 5775234 |
| 5.75%, 07/21/28<sup>(a)</sup> | &nbsp;&nbsp; 9589 | 9583072 |
| 6.50%, 09/24/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 8171 | 8151400 |
| 7.63%, 04/17/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 11177 | 11708701 |
| MGM Resorts International |  |  |
| 4.75%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp; 10876 | 10874229 |
| 5.50%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp; 10698 | 10795132 |
| 6.13%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp; 12228 | 12561590 |
| 6.50%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 7809 | 8016204 |
| Station Casinos LLC |  |  |
| 4.50%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 8618 | 8579577 |
| 4.63%, 12/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6895 | 6654271 |
| 6.63%, 03/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3806 | 3898764 |
| Studio City Finance Ltd. |  |  |
| 5.00%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 14913 | 14434745 |
| 6.50%, 01/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5673 | 5675899 |
| Travel + Leisure Co. |  |  |
| 4.50%, 12/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7643 | 7476748 |
| 6.00%, 04/01/27<sup>(b)</sup> | &nbsp;&nbsp; 7483 | 7571256 |
| 6.13%, 09/01/33<sup>(a)</sup> | &nbsp;&nbsp; 5878 | 5971911 |
| Wyndham Hotels & Resorts, Inc., 5.63%, <br> 03/01/33<sup>(a)</sup><br>| &nbsp;&nbsp; 4005 | 4030128 |
| Wynn Macau Ltd. |  |  |
| 5.13%, 12/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 16500 | 16394504 |
| 5.50%, 10/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 6982 | 6972592 |
| 5.63%, 08/26/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 18194 | 18166460 |
| 6.75%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 14524 | 14733545 |
|  |  | 401383501 |
| **Machinery — 0.4%** | **Machinery — 0.4%** | **Machinery — 0.4%** |
| Chart Industries, Inc. |  |  |
| 7.50%, 01/01/30<sup>(a)</sup> | &nbsp;&nbsp; 22012 | 22885601 |
| 9.50%, 01/01/31<sup>(a)</sup> | &nbsp;&nbsp; 9097 | 9562259 |
| Columbus McKinnon Corp/NY, 7.13%, <br> 02/01/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1145 | 1180426 |
| Terex Corp. |  |  |
| 5.00%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 7024 | 7014529 |
| 6.25%, 10/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9662 | 9937763 |
| TK Elevator U.S. Newco, Inc., 5.25%, <br> 07/15/27<sup>(a)</sup><br>| &nbsp;&nbsp; 21548 | 21556529 |
|  |  | 72137107 |
| **Manufacturing — 0.5%** | **Manufacturing — 0.5%** | **Manufacturing — 0.5%** |
| Avient Corp. |  |  |
| 6.25%, 11/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 7589 | 7837767 |
| 7.13%, 08/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 13034 | 13397200 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Manufacturing (continued)** | **Manufacturing (continued)** | **Manufacturing (continued)** |
| Axon Enterprise, Inc. |  |  |
| 6.13%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; $11874 | $12272383 |
| 6.25%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 8670 | 8983317 |
| Entegris, Inc. |  |  |
| 3.63%, 05/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5490 | 5261410 |
| 4.38%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4372 | 4332106 |
| 4.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 23654 | 23650083 |
| 5.95%, 06/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 9956 | 10155793 |
|  |  | 85890059 |
| **Media — 8.6%** | **Media — 8.6%** | **Media — 8.6%** |
| AMC Networks, Inc. |  |  |
| 10.25%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 13045 | 13974456 |
| 10.50%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 4477 | 4573933 |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| 4.25%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 42274 | 39380949 |
| 4.25%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 28792 | 25095827 |
| 4.50%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 39729 | 37851658 |
| 4.50%, 05/01/32<sup>(b)</sup> | &nbsp;&nbsp; 41139 | 37617617 |
| 4.50%, 06/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 24651 | 22023164 |
| 4.75%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 43639 | 42172420 |
| 4.75%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 17251 | 16022820 |
| 5.00%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 36170 | 36093251 |
| 5.13%, 05/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 17159 | 17166758 |
| 5.38%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 22700 | 22624854 |
| 6.38%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 21253 | 21536071 |
| 7.00%, 02/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 24754 | 25324147 |
| 7.38%, 03/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 14505 | 14940150 |
| 7.38%, 02/01/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 18004 | 18274980 |
| CSC Holdings LLC |  |  |
| 3.38%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 12937 | 7724230 |
| 4.13%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp; 15367 | 9335452 |
| 4.50%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 20271 | 12180420 |
| 4.63%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp; 32642 | 12052477 |
| 5.00%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 7321 | 2683513 |
| 5.38%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 14124 | 10171488 |
| 5.50%, 04/15/27<sup>(a)</sup> | &nbsp;&nbsp; 18638 | 15757404 |
| 5.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 31178 | 12026290 |
| 6.50%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 24673 | 15582771 |
| 7.50%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 14912 | 8362292 |
| 11.25%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 14431 | 11432058 |
| 11.75%, 01/31/29<sup>(a)</sup> | &nbsp;&nbsp; 28270 | 20148877 |
| Directv Financing LLC |  |  |
| 8.88%, 02/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 10843 | 10835093 |
| 8.88%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 22898 | 22923431 |
| Directv Financing LLC/Directv Financing <br> Co-Obligor, Inc.<br>|  |  |
| 5.88%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 27648 | 27690711 |
| 10.00%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 30635 | 31313954 |
| Discovery Communications LLC |  |  |
| 3.63%, 05/15/30 | &nbsp;&nbsp; 13044 | 12627557 |
| 3.95%, 03/20/28<sup>(b)</sup> | &nbsp;&nbsp; 17732 | 17615983 |
| 4.13%, 05/15/29 | &nbsp;&nbsp; 9656 | 9539132 |
| 5.00%, 09/20/37 | &nbsp;&nbsp; 6452 | 5056581 |
| 6.35%, 06/01/40<sup>(b)</sup> | &nbsp;&nbsp; 6319 | 5192849 |
| DISH DBS Corp. |  |  |
| 5.25%, 12/01/26<sup>(a)</sup> | &nbsp;&nbsp; 11625 | 11300838 |
| 5.75%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 36369 | 35255498 |
| 7.38%, 07/01/28 | &nbsp;&nbsp; 15347 | 14824996 |
| 5.13%, 06/01/29 | &nbsp;&nbsp; 22800 | 20317718 |
| DISH Network Corp., 11.75%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 54744 | 56617581 |
| EW Scripps Co. (The), 9.88%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 10510 | 10546491 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| Gray Media, Inc. |  |  |
| 4.75%, 10/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; $12140 | $9851731 |
| 5.38%, 11/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 16714 | 13137120 |
| 7.25%, 08/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 11727 | 12109916 |
| 9.63%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 13426 | 13949614 |
| 10.50%, 07/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 17806 | 19070187 |
| iHeartCommunications, Inc. |  |  |
| 7.75%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 9854 | 7867267 |
| 9.13%, 05/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 10274 | 9150983 |
| 10.88%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 9362 | 6893218 |
| LCPR Senior Secured Financing DAC |  |  |
| 5.13%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 13259 | 8974686 |
| 6.75%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 18906 | 13295172 |
| McGraw-Hill Education, Inc. |  |  |
| 5.75%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp; 13654 | 13642099 |
| 7.38%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 5943 | 6053381 |
| 8.00%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp; 10818 | 10724404 |
| Nexstar Media, Inc. |  |  |
| 4.75%, 11/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 14891 | 14775354 |
| 5.63%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 23025 | 23019568 |
| Paramount Global |  |  |
| 6.25%, 02/28/57, (3-mo. SOFR US + <br> 4.16%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp; 10041 | 7770730 |
| 6.38%, 03/30/62, (5-year CMT + 4.00%)<sup>(b)(g)</sup> | &nbsp;&nbsp; 15003 | 11735159 |
| Scripps Escrow II, Inc., 3.88%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7209 | 6783218 |
| Sinclair Television Group, Inc. |  |  |
| 5.50%, 03/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7320 | 6499977 |
| 8.13%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 22045 | 22948477 |
| Sirius XM Radio LLC |  |  |
| 3.88%, 09/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 20438 | 18717214 |
| 4.00%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp; 28155 | 27510121 |
| 4.13%, 07/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 21044 | 19848577 |
| 5.00%, 08/01/27<sup>(a)</sup> | &nbsp;&nbsp; 21610 | 21585743 |
| 5.50%, 07/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 17834 | 17845972 |
| 5.88%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6530 | 6505512 |
| Sunrise FinCo I BV, 4.88%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 17378 | 16716072 |
| TEGNA, Inc. |  |  |
| 4.63%, 03/15/28 | &nbsp;&nbsp; 13743 | 13689585 |
| 5.00%, 09/15/29 | &nbsp;&nbsp; 12877 | 12852426 |
| Telenet Finance Luxembourg Notes SARL, <br> 5.50%, 03/01/28<sup>(a)</sup><br>| &nbsp;&nbsp; 12400 | 12305063 |
| Univision Communications, Inc. |  |  |
| 4.50%, 05/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 15981 | 15133868 |
| 7.38%, 06/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 10130 | 10123857 |
| 8.00%, 08/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 21446 | 22044084 |
| 8.50%, 07/31/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 18064 | 18469844 |
| 9.38%, 08/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 21574 | 22801453 |
| Versant Media Group, Inc., 7.25%, <br> 01/30/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 13859 | 14166851 |
| Virgin Media Finance PLC, 5.00%, <br> 07/15/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 13507 | 11303671 |
| Virgin Media O2 Vendor Financing Notes VI <br> DAC, 8.50%, 03/15/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 7528 | 6900064 |
| Virgin Media Secured Finance PLC |  |  |
| 4.50%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 13082 | 11897261 |
| 5.50%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 21943 | 21343901 |
| VZ Secured Financing BV |  |  |
| 5.00%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 23757 | 21102167 |
| 7.50%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 10873 | 10667364 |
| Ziggo Bond Co. BV, 5.13%, 02/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7434 | 6435056 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| Ziggo BV, 4.88%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; $14283 | $13454479 |
|  |  | 1435461206 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Advanced Drainage Systems, Inc., 5.38%, <br> 03/01/34<sup>(a)</sup><br>| &nbsp;&nbsp; 1355 | 1366015 |
| **Mining — 1.0%** | **Mining — 1.0%** | **Mining — 1.0%** |
| Alcoa Nederland Holding BV |  |  |
| 4.13%, 03/31/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6071 | 5976110 |
| 7.13%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 13243 | 14004009 |
| Alumina Pty. Ltd. |  |  |
| 6.13%, 03/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6151 | 6362433 |
| 6.38%, 09/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 6495 | 6738834 |
| Arsenal AIC Parent LLC |  |  |
| 8.00%, 10/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 11441 | 12090868 |
| 11.50%, 10/01/31<sup>(a)</sup> | &nbsp;&nbsp; 8920 | 9814787 |
| Constellium SE, 3.75%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2825 | 2734027 |
| Fortescue Treasury Pty Ltd. |  |  |
| 4.38%, 04/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 14700 | 14248372 |
| 4.50%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp; 5927 | 5922555 |
| 5.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3231 | 3334116 |
| 6.13%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 11262 | 11775325 |
| Kaiser Aluminum Corp. |  |  |
| 4.50%, 06/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6501 | 6289137 |
| 5.88%, 03/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 6081 | 6150567 |
| Novelis Corp. |  |  |
| 3.88%, 08/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 9204 | 8420387 |
| 4.75%, 01/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 23345 | 22613942 |
| 6.38%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp; 11278 | 11391400 |
| 6.88%, 01/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 10533 | 10875820 |
|  |  | 158742689 |
| **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** |
| Xerox Corp. |  |  |
| 10.25%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5066 | 3647520 |
| 13.50%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6355 | 3316516 |
| Xerox Holdings Corp. |  |  |
| 5.50%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 9845 | 3730855 |
| 8.88%, 11/30/29<sup>(a)</sup> | &nbsp;&nbsp; 6114 | 1733429 |
|  |  | 12428320 |
| **Oil & Gas — 5.1%** | **Oil & Gas — 5.1%** | **Oil & Gas — 5.1%** |
| Aethon United BR LP/Aethon United Finance <br> Corp., 7.50%, 10/01/29<sup>(a)</sup><br>| &nbsp;&nbsp; 16640 | 17495268 |
| Ascent Resources Utica Holdings LLC/ARU <br> Finance Corp.<br>|  |  |
| 5.88%, 06/30/29<sup>(a)</sup> | &nbsp;&nbsp; 6283 | 6293515 |
| 6.63%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8598 | 8924355 |
| 6.63%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6952 | 7208337 |
| California Resources Corp. |  |  |
| 7.00%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5264 | 5350183 |
| 8.25%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 9999 | 10485623 |
| Chord Energy Corp. |  |  |
| 6.00%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 11950 | 12188641 |
| 6.75%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 11048 | 11432752 |
| CITGO Petroleum Corp., 8.38%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 13718 | 14236086 |
| CNX Resources Corp. |  |  |
| 5.88%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 2310 | 2312777 |
| 7.25%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 7543 | 7899515 |
| 7.38%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5547 | 5737937 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Comstock Resources, Inc. |  |  |
| 5.88%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; $14067 | $13548763 |
| 6.75%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 25177 | 25072824 |
| Crescent Energy Finance LLC |  |  |
| 7.38%, 01/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 14551 | 14445766 |
| 7.63%, 04/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 16081 | 16226895 |
| 7.88%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 14391 | 14625537 |
| 8.38%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 8201 | 8461552 |
| 9.25%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 8000 | 8203366 |
| CVR Energy, Inc. |  |  |
| 5.75%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2627 | 2622369 |
| 7.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3950 | 3934728 |
| 7.88%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6985 | 6845305 |
| Energian Israel Finance Ltd. |  |  |
| 5.38%, 03/30/28<sup>(a)(i)</sup> | &nbsp;&nbsp; 7188 | 7096393 |
| 5.88%, 03/30/31<sup>(a)(i)</sup> | &nbsp;&nbsp; 7343 | 7047161 |
| 8.50%, 09/30/33<sup>(a)(i)</sup> | &nbsp;&nbsp; 10392 | 10969956 |
| Hilcorp Energy I LP/Hilcorp Finance Co. |  |  |
| 5.75%, 02/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7634 | 7646413 |
| 6.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7113 | 6997724 |
| 6.00%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 8437 | 8214622 |
| 6.25%, 11/01/28<sup>(a)</sup> | &nbsp;&nbsp; 9549 | 9627384 |
| 6.25%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7228 | 7024050 |
| 6.88%, 05/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 7763 | 7595277 |
| 7.25%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 14822 | 14676987 |
| 8.38%, 11/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 8608 | 9067719 |
| Leviathan Bond Ltd. |  |  |
| 6.50%, 06/30/27<sup>(a)(i)</sup> | &nbsp;&nbsp; 4868 | 4876616 |
| 6.75%, 06/30/30<sup>(a)(i)</sup> | &nbsp;&nbsp; 7040 | 7249815 |
| Matador Resources Co. |  |  |
| 6.00%, 04/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3300 | 3295875 |
| 6.25%, 04/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 10909 | 11092843 |
| 6.50%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 13479 | 13759297 |
| 6.88%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7392 | 7536963 |
| Murphy Oil Corp., 6.50%, 02/15/34 | &nbsp;&nbsp; 6478 | 6466692 |
| Nabors Industries, Inc. |  |  |
| 7.63%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4862 | 4987950 |
| 8.88%, 08/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 9029 | 9360969 |
| 9.13%, 01/31/30<sup>(a)</sup> | &nbsp;&nbsp; 10587 | 11111718 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 21104 | 21955722 |
| Northern Oil & Gas, Inc. |  |  |
| 7.88%, 10/15/33<sup>(a)</sup> | &nbsp;&nbsp; 10057 | 10272283 |
| 8.75%, 06/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6279 | 6542387 |
| PBF Holding Co. LLC/PBF Finance Corp. |  |  |
| 6.00%, 02/15/28 | &nbsp;&nbsp; 10726 | 10678947 |
| 7.88%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 8029 | 8029793 |
| 9.88%, 03/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 10195 | 10783538 |
| Permian Resources Operating LLC |  |  |
| 5.88%, 07/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8996 | 9025655 |
| 6.25%, 02/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 13167 | 13602129 |
| 7.00%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 14187 | 14887956 |
| 8.00%, 04/15/27<sup>(a)</sup> | &nbsp;&nbsp; 9727 | 9776981 |
| SM Energy Co. |  |  |
| 6.50%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp; 7039 | 7072427 |
| 6.75%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp; 9771 | 9978407 |
| 7.00%, 08/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 10056 | 10245448 |
| 8.38%, 07/01/28<sup>(a)</sup> | &nbsp;&nbsp; 20598 | 21268811 |
| 8.63%, 11/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 14736 | 15582347 |
| 8.75%, 07/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 19950 | 20901725 |
| 9.63%, 06/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 10710 | 11833889 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Sunoco LP |  |  |
| 4.50%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; $11946 | $11733458 |
| 4.63%, 05/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 11703 | 11436539 |
| 5.38%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4725 | 4734045 |
| 5.63%, 03/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 15068 | 15206323 |
| 5.63%, 07/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5845 | 5846411 |
| 5.88%, 07/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 6618 | 6622099 |
| 5.88%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 13159 | 13195631 |
| 6.25%, 07/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 14362 | 14789269 |
| 6.63%, 08/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7652 | 7920418 |
| 7.00%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 10843 | 11241685 |
| 7.25%, 05/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 8804 | 9303947 |
| Sunoco LP/Sunoco Finance Corp. |  |  |
| 4.50%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp; 11889 | 11713608 |
| 4.50%, 04/30/30 | &nbsp;&nbsp; 11722 | 11465756 |
| 5.88%, 03/15/28 | &nbsp;&nbsp; 6068 | 6068891 |
| 6.00%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp; 6405 | 6408877 |
| 7.00%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7376 | 7575626 |
| Talos Production, Inc. |  |  |
| 9.00%, 02/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 8337 | 8678090 |
| 9.38%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8439 | 8974855 |
| Transocean International Ltd. |  |  |
| 7.88%, 10/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 6234 | 6688638 |
| 8.25%, 05/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 12456 | 12960248 |
| 8.50%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 12320 | 13042580 |
| 8.75%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 11930 | 12461612 |
| Transocean Titan Financing Ltd., 8.38%, <br> 02/01/28<sup>(a)</sup><br>| &nbsp;&nbsp; 5794 | 5919254 |
| Valaris Ltd., 8.38%, 04/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 16486 | 17289015 |
|  |  | 852969838 |
| **Oil & Gas Services — 0.8%** | **Oil & Gas Services — 0.8%** | **Oil & Gas Services — 0.8%** |
| Archrock Partners LP/Archrock Partners <br> Finance Corp.<br>|  |  |
| 6.25%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 13694 | 13717628 |
| 6.63%, 09/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9836 | 10205539 |
| Archrock Services LP/Archrock Partners <br> Finance Corp., 6.00%, 02/01/34<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 7885 | 7971943 |
| Kodiak Gas Services LLC |  |  |
| 6.50%, 10/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 10485 | 10797453 |
| 6.75%, 10/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 8677 | 9058660 |
| 7.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 9874 | 10226635 |
| USA Compression Partners LP/USA <br> Compression Finance Corp.<br>|  |  |
| 6.25%, 10/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 10541 | 10702260 |
| 7.13%, 03/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 14732 | 15228471 |
| WBI Operating LLC |  |  |
| 6.25%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 12810 | 13036910 |
| 6.50%, 10/15/33<sup>(a)</sup> | &nbsp;&nbsp; 8941 | 9091585 |
| Weatherford International Ltd. |  |  |
| 6.75%, 10/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 16650 | 17373797 |
| 8.63%, 04/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 9511 | 9736144 |
|  |  | 137147025 |
| **Packaging & Containers — 2.0%** | **Packaging & Containers — 2.0%** | **Packaging & Containers — 2.0%** |
| Ardagh Group SA |  |  |
| 9.50%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp; 20718 | 22422641 |
| 12.00%, 12/01/30, (5.50 % Cash and 6.50 % <br> PIK)<sup>(a)(f)</sup><br>| &nbsp;&nbsp; 17939 | 17299588 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| Ardagh Metal Packaging Finance <br> USA LLC/Ardagh Metal Packaging <br> Finance PLC<br>|  |  |
| 3.25%, 09/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; $7735 | $7473475 |
| 4.00%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 13689 | 13058600 |
| 6.25%, 01/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8228 | 8409663 |
| Ball Corp. |  |  |
| 2.88%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp; 16992 | 15788883 |
| 3.13%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10211 | 9458576 |
| 5.50%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 8793 | 9047503 |
| 6.00%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 13046 | 13454984 |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| 6.63%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 8261 | 8338337 |
| 6.75%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 20920 | 21086712 |
| 6.88%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6810 | 6914023 |
| 8.75%, 04/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 17094 | 17001682 |
| Crown Americas LLC |  |  |
| 5.25%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp; 6039 | 6174747 |
| 5.88%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 10594 | 10879818 |
| Graphic Packaging International LLC |  |  |
| 3.50%, 03/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4241 | 4119493 |
| 3.75%, 02/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5383 | 5090419 |
| 6.38%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 6956 | 7041072 |
| Mauser Packaging Solutions Holding Co |  |  |
| 7.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 40653 | 41573689 |
| 9.25%, 04/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 16986 | 16729586 |
| OI European Group BV, 4.75%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1482 | 1425054 |
| Owens-Brockway Glass Container, Inc. |  |  |
| 6.63%, 05/13/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 6455 | 6455658 |
| 7.25%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 10040 | 10123666 |
| Sealed Air Corp. |  |  |
| 4.00%, 12/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1969 | 1962908 |
| 5.00%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4642 | 4677990 |
| 6.50%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2773 | 2854024 |
| Sealed Air Corp./Sealed Air Corp. U.S. |  |  |
| 6.13%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 12820 | 12973239 |
| 7.25%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5186 | 5376423 |
| Trivium Packaging Finance BV |  |  |
| 8.25%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 8427 | 9004160 |
| 12.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8241 | 9043982 |
|  |  | 325260595 |
| **Pharmaceuticals — 2.4%** | **Pharmaceuticals — 2.4%** | **Pharmaceuticals — 2.4%** |
| 1261229 BC Ltd., 10.00%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 84952 | 88142335 |
| Accendra Health, Inc. |  |  |
| 4.50%, 03/31/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6540 | 4201950 |
| 6.63%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7195 | 3453600 |
| AdaptHealth LLC |  |  |
| 4.63%, 08/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5329 | 5123137 |
| 5.13%, 03/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6768 | 6507855 |
| Bausch Health Americas, Inc., 8.50%, <br> 01/31/27<sup>(a)</sup><br>| &nbsp;&nbsp; 5591 | 5545923 |
| Bausch Health Companies, Inc. |  |  |
| 4.88%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 9961 | 9245476 |
| 5.00%, 01/30/28<sup>(a)</sup> | &nbsp;&nbsp; 5645 | 4918794 |
| 5.00%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6120 | 4646477 |
| 5.25%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp; 10258 | 7209926 |
| 5.25%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6070 | 3979700 |
| 6.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 11684 | 9327396 |
| 11.00%, 09/30/28<sup>(a)</sup> | &nbsp;&nbsp; 11302 | 11810050 |
| CVS Health Corp. |  |  |
| 6.75%, 12/10/54, (5-year CMT + 2.52%)<sup>(g)</sup> | &nbsp;&nbsp; 11049 | 11499876 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 7.00%, 03/10/55, (5-year CMT + 2.89%)<sup>(b)(g)</sup> | &nbsp;&nbsp; $32935 | $34648335 |
| Endo Finance Holdings LP, 8.50%, <br> 04/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 11901 | 12640766 |
| HLF Financing SARL LLC/Herbalife <br> International, Inc.<br>|  |  |
| 4.88%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5805 | 5555477 |
| 12.25%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 14212 | 15181324 |
| Jazz Securities DAC, 4.38%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 17237 | 16997135 |
| Organon & Co./Organon Foreign Debt <br> Co-Issuer BV<br>|  |  |
| 4.13%, 04/30/28<sup>(a)</sup> | &nbsp;&nbsp; 30437 | 29886060 |
| 5.13%, 04/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 26602 | 23593582 |
| 6.75%, 05/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7907 | 7669790 |
| 7.88%, 05/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 7368 | 6846939 |
| Teva Pharmaceutical Finance Netherlands <br> III BV<br>|  |  |
| 4.75%, 05/09/27<sup>(b)</sup> | &nbsp;&nbsp; 9851 | 9859806 |
| 5.13%, 05/09/29<sup>(b)</sup> | &nbsp;&nbsp; 12227 | 12359152 |
| 6.00%, 12/01/32 | &nbsp;&nbsp; 6362 | 6737808 |
| 6.75%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp; 17612 | 18266388 |
| 8.13%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 6666 | 7654799 |
| Teva Pharmaceutical Finance Netherlands IV <br> BV, 5.75%, 12/01/30<br>| &nbsp;&nbsp; 9217 | 9563840 |
|  |  | 393073696 |
| **Pipelines — 5.3%** | **Pipelines — 5.3%** | **Pipelines — 5.3%** |
| Antero Midstream Partners LP/Antero <br> Midstream Finance Corp.<br>|  |  |
| 5.38%, 06/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 11696 | 11695945 |
| 5.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 8411 | 8400386 |
| 5.75%, 10/15/33<sup>(a)</sup> | &nbsp;&nbsp; 9043 | 9163089 |
| 5.75%, 07/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 8189 | 8313431 |
| 6.63%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 6791 | 7044678 |
| Blue Racer Midstream LLC/Blue Racer <br> Finance Corp.<br>|  |  |
| 7.00%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3551 | 3697671 |
| 7.25%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4291 | 4533415 |
| Buckeye Partners LP |  |  |
| 4.13%, 12/01/27 | &nbsp;&nbsp; 3827 | 3801333 |
| 4.50%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 5786 | 5769550 |
| 6.75%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4551 | 4747724 |
| 6.88%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp; 6951 | 7208416 |
| CQP Holdco LP/BIP-V Chinook Holdco LLC |  |  |
| 5.50%, 06/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 21164 | 21051738 |
| 7.50%, 12/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 4879 | 5265912 |
| Delek Logistics Partners LP/Delek Logistics <br> Finance Corp.<br>|  |  |
| 7.13%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 7362 | 7399322 |
| 7.38%, 06/30/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 9453 | 9760338 |
| 8.63%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 17045 | 17793489 |
| Energy Transfer LP |  |  |
| 6.50%, 02/15/56, (5-year CMT + 2.68%)<sup>(g)</sup> | &nbsp;&nbsp; 17269 | 17461579 |
| 6.75%, 02/15/56, (5-year CMT + 2.48%)<sup>(g)</sup> | &nbsp;&nbsp; 10874 | 11106769 |
| 7.13%, 10/01/54, (5-year CMT + 2.83%)<sup>(b)(g)</sup> | &nbsp;&nbsp; 6212 | 6447543 |
| 8.00%, 05/15/54, (5-year CMT + 4.02%)<sup>(b)(g)</sup> | &nbsp;&nbsp; 10622 | 11376294 |
| Genesis Energy LP/Genesis Energy <br> Finance Corp.<br>|  |  |
| 6.75%, 03/15/34 | &nbsp;&nbsp; 1265 | 1278640 |
| 7.75%, 02/01/28 | &nbsp;&nbsp; 11477 | 11485642 |
| 7.88%, 05/15/32 | &nbsp;&nbsp; 9352 | 9782946 |
| 8.00%, 05/15/33 | &nbsp;&nbsp; 8298 | 8756410 |
| 8.25%, 01/15/29 | &nbsp;&nbsp; 8995 | 9378881 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 8.88%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp; $7519 | $7892222 |
| Global Partners LP/GLP Finance Corp. |  |  |
| 7.13%, 07/01/33<sup>(a)</sup> | &nbsp;&nbsp; 5624 | 5806127 |
| 8.25%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3858 | 4071697 |
| Harvest Midstream I LP |  |  |
| 7.50%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp; 14016 | 14173662 |
| 7.50%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5380 | 5572646 |
| Hess Midstream Operations LP |  |  |
| 4.25%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7301 | 7152768 |
| 5.13%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 9820 | 9822191 |
| 5.50%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1760 | 1773309 |
| 5.88%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 11345 | 11537011 |
| 6.50%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 8140 | 8418481 |
| Howard Midstream Energy Partners LLC |  |  |
| 6.63%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 10934 | 11299104 |
| 7.38%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 5330 | 5618153 |
| ITT Holdings LLC, 6.50%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15978 | 15509105 |
| Kinetik Holdings LP |  |  |
| 5.88%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15286 | 15457344 |
| 6.63%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 16837 | 17343960 |
| New Fortress Energy, Inc., 6.50%, <br> 09/30/26<sup>(a)(c)(e)</sup><br>| &nbsp;&nbsp; 6334 | 622072 |
| NFE Financing LLC, 12.00%, 11/15/29<sup>(a)(c)(e)</sup> | &nbsp;&nbsp; 38862 | 14079173 |
| NGL Energy Operating LLC/NGL Energy <br> Finance Corp.<br>|  |  |
| 8.13%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 11068 | 11459872 |
| 8.38%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 17431 | 18261355 |
| NuStar Logistics LP |  |  |
| 5.63%, 04/28/27<sup>(b)</sup> | &nbsp;&nbsp; 9127 | 9204808 |
| 6.38%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 5288 | 5567025 |
| Rockies Express Pipeline LLC |  |  |
| 4.95%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6991 | 6981933 |
| 6.75%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6363 | 6695123 |
| South Bow Canadian Infrastructure <br> Holdings Ltd.<br>|  |  |
| 7.50%, 03/01/55, (5-year CMT + 3.67%)<sup>(b)(g)</sup> | &nbsp;&nbsp; 8911 | 9444787 |
| 7.63%, 03/01/55, (5-year CMT + 3.95%)<sup>(b)(g)</sup> | &nbsp;&nbsp; 5768 | 5993540 |
| Tallgrass Energy Partners LP/Tallgrass Energy <br> Finance Corp.<br>|  |  |
| 5.50%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 8079 | 8065430 |
| 6.00%, 12/31/30<sup>(a)</sup> | &nbsp;&nbsp; 10430 | 10569345 |
| 6.00%, 09/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6153 | 6206780 |
| 6.75%, 03/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 9275 | 9526695 |
| 7.38%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 11825 | 12244699 |
| Venture Global Calcasieu Pass LLC |  |  |
| 3.88%, 11/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 15173 | 13506461 |
| 6.25%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 17045 | 17595328 |
| 3.88%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 19907 | 19072741 |
| 4.13%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp; 18578 | 17429742 |
| Venture Global LNG, Inc. |  |  |
| 7.00%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 21929 | 22226859 |
| 8.13%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 31899 | 32710657 |
| 8.38%, 06/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 32467 | 33240523 |
| 9.50%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 43538 | 46678722 |
| 9.88%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 29457 | 31205777 |
| Venture Global Plaquemines LNG LLC |  |  |
| 6.13%, 12/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 25573 | 26547582 |
| 6.50%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 28430 | 29893750 |
| 6.50%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 18359 | 19291408 |
| 6.75%, 01/15/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 29335 | 31251297 |
| 7.50%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp; 17995 | 19940947 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 7.75%, 05/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; $18470 | $20943257 |
|  |  | 880626609 |
| **Real Estate — 0.6%** | **Real Estate — 0.6%** | **Real Estate — 0.6%** |
| Anywhere Real Estate Group LLC/Anywhere <br> Co-Issuer Corp., 7.00%, 04/15/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 9530 | 9635796 |
| Anywhere Real Estate Group LLC/Realogy <br> Co-Issuer Corp.<br>|  |  |
| 5.25%, 04/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4759 | 4488332 |
| 5.75%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6722 | 6614868 |
| 9.75%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6936 | 7475713 |
| Cushman & Wakefield U.S. Borrower LLC |  |  |
| 6.75%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 10773 | 10806376 |
| 8.88%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 6634 | 7003485 |
| Howard Hughes Corp.(The) |  |  |
| 4.13%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7111 | 6877426 |
| 4.38%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 7828 | 7430442 |
| 5.88%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 5355 | 5348470 |
| 6.13%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5310 | 5300044 |
| Kennedy-Wilson, Inc. |  |  |
| 4.75%, 03/01/29 | &nbsp;&nbsp; 7812 | 7667138 |
| 4.75%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp; 8249 | 8002761 |
| 5.00%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 8303 | 8054685 |
|  |  | 94705536 |
| **Real Estate Investment Trusts — 3.0%** | **Real Estate Investment Trusts — 3.0%** | **Real Estate Investment Trusts — 3.0%** |
| Brandywine Operating Partnership LP |  |  |
| 3.95%, 11/15/27 | &nbsp;&nbsp; 6337 | 6216605 |
| 8.88%, 04/12/29<sup>(b)</sup> | &nbsp;&nbsp; 8793 | 9346765 |
| Diversified Healthcare Trust |  |  |
| 4.38%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 7440 | 6704150 |
| 4.75%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp; 7692 | 7508743 |
| Hudson Pacific Properties LP |  |  |
| 3.25%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 5708 | 4760009 |
| 3.95%, 11/01/27 | &nbsp;&nbsp; 5659 | 5384902 |
| 4.65%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 7325 | 6511051 |
| Iron Mountain Information Management <br> Services, Inc., 5.00%, 07/15/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10886 | 10536508 |
| Iron Mountain, Inc. |  |  |
| 4.50%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 15919 | 15335099 |
| 4.88%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp; 12687 | 12674077 |
| 4.88%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 15548 | 15389480 |
| 5.00%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4576 | 4561541 |
| 5.25%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 9572 | 9558972 |
| 5.25%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 19851 | 19736857 |
| 5.63%, 07/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9150 | 9134189 |
| 6.25%, 01/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 17805 | 18177481 |
| 7.00%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 13673 | 14028200 |
| Millrose Properties, Inc. |  |  |
| 6.25%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 11475 | 11621063 |
| 6.38%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 18803 | 19271838 |
| MPT Operating Partnership LP/MPT <br> Finance Corp.<br>|  |  |
| 3.50%, 03/15/31 | &nbsp;&nbsp; 18239 | 14021778 |
| 4.63%, 08/01/29 | &nbsp;&nbsp; 11622 | 10111140 |
| 5.00%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp; 18788 | 18405185 |
| 8.50%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 21783 | 23285265 |
| Park Intermediate Holdings LLC/PK Domestic <br> Property LLC/PK Finance Co-Issuer<br>|  |  |
| 4.88%, 05/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 9879 | 9707007 |
| 5.88%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp; 9453 | 9451606 |
| 7.00%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 7215 | 7460029 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| RHP Hotel Properties LP/RHP Finance Corp. |  |  |
| 4.50%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; $9146 | $9010456 |
| 4.75%, 10/15/27 | &nbsp;&nbsp; 9143 | 9145545 |
| 5.75%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1345 | 1355088 |
| 6.50%, 04/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 14586 | 15060220 |
| 6.50%, 06/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 8873 | 9221478 |
| 7.25%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp; 6301 | 6471977 |
| Rithm Capital Corp. |  |  |
| 8.00%, 04/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 10694 | 10751147 |
| 8.00%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6606 | 6620662 |
| SBA Communications Corp., 3.13%, <br> 02/01/29<sup>(b)</sup><br>| &nbsp;&nbsp; 18010 | 17306239 |
| Service Properties Trust |  |  |
| 3.95%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 5436 | 5170170 |
| 4.38%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp; 4596 | 4022741 |
| 4.95%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 5271 | 4783100 |
| 5.50%, 12/15/27 | &nbsp;&nbsp; 5006 | 5018298 |
| 8.38%, 06/15/29 | &nbsp;&nbsp; 10163 | 10685124 |
| 8.63%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 15366 | 16157510 |
| 8.88%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp; 7846 | 7879473 |
| Starwood Property Trust, Inc. |  |  |
| 5.25%, 10/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 8146 | 8162801 |
| 5.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8021 | 8107425 |
| 6.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6712 | 6869381 |
| 6.50%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 8043 | 8365967 |
| 6.50%, 10/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7751 | 8072727 |
| 7.25%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 9235 | 9686453 |
| Uniti Group LP/Uniti Fiber Holdings, Inc./CSL <br> Capital LLC, 6.00%, 01/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; 10243 | 9696681 |
|  |  | 496520203 |
| **Retail — 4.7%** | **Retail — 4.7%** | **Retail — 4.7%** |
| Advance Auto Parts, Inc. |  |  |
| 3.90%, 04/15/30 | &nbsp;&nbsp; 7745 | 7224780 |
| 7.00%, 08/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 15304 | 15677035 |
| 7.38%, 08/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 14368 | 14704302 |
| Asbury Automotive Group, Inc. |  |  |
| 4.50%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp; 2198 | 2185029 |
| 4.63%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 10943 | 10772891 |
| 4.75%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp; 5684 | 5589496 |
| 5.00%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 9530 | 9268481 |
| Bath & Body Works, Inc. |  |  |
| 5.25%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp; 4733 | 4750123 |
| 6.63%, 10/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 10795 | 11039464 |
| 7.50%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 8753 | 8915462 |
| Burger King (Restaurant Brands International, <br> Inc.)/New Red Finance, Inc.<br>|  |  |
| 3.50%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 11564 | 11174120 |
| 3.88%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 22331 | 22052030 |
| 4.00%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 43818 | 42065994 |
| 4.38%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 9998 | 9942542 |
| 5.63%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 7212 | 7337581 |
| 6.13%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 17468 | 17939629 |
| Carvana Co. |  |  |
| 9.00%, 06/01/30, (9.00 % Cash)<sup>(a)(f)</sup> | &nbsp;&nbsp; 22871 | 23829049 |
| 9.00%, 06/01/31, (9.00 % Cash)<sup>(a)(b)(f)</sup> | &nbsp;&nbsp; 25769 | 28355738 |
| EG Global Finance PLC, 12.00%, 11/30/28<sup>(a)</sup> | &nbsp;&nbsp; 18691 | 20098371 |
| Ferrellgas LP/Ferrellgas Finance Corp. |  |  |
| 5.88%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 11252 | 10865781 |
| 9.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8733 | 9058113 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Fertitta Entertainment LLC/Fertitta <br> Entertainment Finance Co., Inc.<br>|  |  |
| 4.63%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; $14200 | $13698562 |
| 6.75%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 16908 | 15923954 |
| FirstCash, Inc. |  |  |
| 4.63%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp; 5944 | 5870516 |
| 5.63%, 01/01/30<sup>(a)</sup> | &nbsp;&nbsp; 10699 | 10644756 |
| 6.88%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 3497 | 3610803 |
| Gap, Inc.(The) |  |  |
| 3.63%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7725 | 7334679 |
| 3.88%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 11795 | 10981263 |
| Global Auto Holdings Ltd./AAG FH U.K. Ltd. |  |  |
| 8.38%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 7205 | 6869093 |
| 8.75%, 01/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7649 | 7076610 |
| 11.50%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 7475 | 7659927 |
| Group 1 Automotive, Inc. |  |  |
| 4.00%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 11165 | 10945365 |
| 6.38%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7714 | 7903089 |
| KFC Holding Co./Pizza Hut Holdings LLC/Taco <br> Bell of America LLC, 4.75%, 06/01/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10156 | 10140275 |
| Kohl's Corp., 5.13%, 05/01/31<sup>(b)</sup> | &nbsp;&nbsp; 7446 | 6297730 |
| LBM Acquisition LLC |  |  |
| 6.25%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 12263 | 9299441 |
| 9.50%, 06/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 12851 | 11996109 |
| LCM Investments Holdings II LLC |  |  |
| 4.88%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 10263 | 10093981 |
| 8.25%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp; 14981 | 15747064 |
| Lithia Motors, Inc. |  |  |
| 3.88%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 12430 | 11982965 |
| 4.38%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8685 | 8343270 |
| 4.63%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2379 | 2373524 |
| 5.50%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 9423 | 9462932 |
| Macy's Retail Holdings LLC |  |  |
| 6.13%, 03/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 6330 | 6358295 |
| 7.38%, 08/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 7144 | 7480264 |
| Michaels Companies, Inc.(The) |  |  |
| 5.25%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; 9850 | 9846306 |
| 7.88%, 05/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 16626 | 16711208 |
| 8.50%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 16160 | 15645170 |
| 11.00%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5070 | 4749956 |
| Murphy Oil USA, Inc. |  |  |
| 3.75%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6776 | 6367774 |
| 4.75%, 09/15/29 | &nbsp;&nbsp; 3187 | 3152013 |
| Nordstrom, Inc. |  |  |
| 4.25%, 08/01/31 | &nbsp;&nbsp; 7032 | 6547243 |
| 4.38%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp; 3492 | 3358058 |
| Park River Holdings, Inc. |  |  |
| 8.00%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 10168 | 10216457 |
| 8.75%, 12/31/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7820 | 7495653 |
| PetSmart LLC/PetSmart Finance Corp. |  |  |
| 7.50%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 28761 | 29077587 |
| 10.00%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 11067 | 11094668 |
| QVC, Inc., 6.88%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6156 | 2639658 |
| QXO Building Products, Inc., 6.75%, <br> 04/30/32<sup>(a)</sup><br>| &nbsp;&nbsp; 35010 | 36203393 |
| SAKS Global Enterprises LLC, 11.00%, <br> 12/15/29<sup>(a)(b)(c)(e)</sup><br>| &nbsp;&nbsp; 23484 | 58709 |
| Sonic Automotive, Inc. |  |  |
| 4.63%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6147 | 6044005 |
| 4.88%, 11/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8325 | 8037579 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Staples, Inc. |  |  |
| 10.75%, 09/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; $35958 | $33033572 |
| 12.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 11718 | 8239174 |
| Suburban Propane Partners LP/Suburban <br> Energy Finance Corp., 5.00%, 06/01/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 9007 | 8666986 |
| Yum! Brands, Inc. |  |  |
| 3.63%, 03/15/31 | &nbsp;&nbsp; 13756 | 13040760 |
| 4.63%, 01/31/32 | &nbsp;&nbsp; 13688 | 13433602 |
| 4.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 9792 | 9789149 |
| 5.38%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 12219 | 12403347 |
|  |  | 786792505 |
| **Semiconductors — 0.2%** | **Semiconductors — 0.2%** | **Semiconductors — 0.2%** |
| Kioxia Holdings Corp. |  |  |
| 6.25%, 07/24/30<sup>(a)</sup> | &nbsp;&nbsp; 16559 | 17184301 |
| 6.63%, 07/24/33<sup>(a)</sup> | &nbsp;&nbsp; 16730 | 17628354 |
|  |  | 34812655 |
| **Software — 2.6%** | **Software — 2.6%** | **Software — 2.6%** |
| AthenaHealth Group, Inc., 6.50%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 34605 | 32561772 |
| Central Parent LLC/CDK Global II LLC/CDK <br> Financing Co., Inc., 8.00%, 06/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10213 | 6472489 |
| Central Parent, Inc./CDK Global, Inc., 7.25%, <br> 06/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 11076 | 7005570 |
| Cloud Software Group, Inc. |  |  |
| 6.50%, 03/31/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 59413 | 58280440 |
| 6.63%, 08/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 14750 | 13911094 |
| 8.25%, 06/30/32<sup>(a)</sup> | &nbsp;&nbsp; 26239 | 26198576 |
| 9.00%, 09/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 57748 | 56773502 |
| CoreWeave, Inc. |  |  |
| 9.00%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 24929 | 24118807 |
| 9.25%, 06/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 28811 | 28133636 |
| Fair Isaac Corp. |  |  |
| 4.00%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 10300 | 10070753 |
| 6.00%, 05/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 22293 | 22504389 |
| Open Text Corp. |  |  |
| 3.88%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 11749 | 11150995 |
| 3.88%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 12313 | 11063230 |
| Open Text Holdings, Inc. |  |  |
| 4.13%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 13473 | 12124016 |
| 4.13%, 12/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8211 | 7141172 |
| ROBLOX Corp., 3.88%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 14034 | 13375397 |
| Rocket Software, Inc. |  |  |
| 6.50%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6738 | 5626230 |
| 9.00%, 11/28/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 13087 | 12716202 |
| SS&C Technologies, Inc. |  |  |
| 5.50%, 09/30/27<sup>(a)</sup> | &nbsp;&nbsp; 27877 | 27855222 |
| 6.50%, 06/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7608 | 7751940 |
| Twilio, Inc. |  |  |
| 3.63%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 3809 | 3659645 |
| 3.88%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 4674 | 4411886 |
| UKG, Inc., 6.88%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 37617 | 36450121 |
|  |  | 439357084 |
| **Telecommunications — 6.1%** | **Telecommunications — 6.1%** | **Telecommunications — 6.1%** |
| Altice Financing SA |  |  |
| 5.00%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 17065 | 11997548 |
| 5.75%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 28972 | 20026895 |
| Altice France Lux 3/Altice Holdings 1, 10.00%, <br> 01/15/33<sup>(a)</sup><br>| &nbsp;&nbsp; 12575 | 11848102 |
| Altice France SA |  |  |
| 6.50%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 27027 | 25862479 |
| 6.88%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 12692 | 12287607 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 6.88%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; $22072 | $21188816 |
| 9.50%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp; 21656 | 21967552 |
| APLD ComputeCo LLC, 9.25%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp; 32740 | 34356537 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 6.88%, 09/15/55, (5-year CMT + 2.39%)<sup>(b)(g)</sup> | &nbsp;&nbsp; 13336 | 13922957 |
| 7.00%, 09/15/55, (5-year CMT + 2.36%)<sup>(g)</sup> | &nbsp;&nbsp; 18348 | 19427692 |
| Black Pearl Compute LLC, 6.13%, <br> 02/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 20785 | 21277451 |
| British Telecommunications PLC |  |  |
| 4.25%, 11/23/81, (5-year CMT + 2.99%)<sup>(a)(g)</sup> | &nbsp;&nbsp; 6998 | 6902617 |
| 4.88%, 11/23/81, (5-year CMT + 3.49%)<sup>(a)(g)</sup> | &nbsp;&nbsp; 3538 | 3447339 |
| Cipher Compute LLC, 7.13%, 11/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 21980 | 22929261 |
| Connect Finco SARL/Connect U.S. Finco LLC, <br> 9.00%, 09/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 30790 | 32656628 |
| Connect Holding II LLC, 10.50%, 04/03/31<sup>(a)</sup> | &nbsp;&nbsp; 30979 | 29951055 |
| EchoStar Corp. |  |  |
| 6.75%, 11/30/30, (8.75 % Cash)<sup>(b)(f)</sup> | &nbsp;&nbsp; 38132 | 38613045 |
| 10.75%, 11/30/29 | &nbsp;&nbsp; 49211 | 53693960 |
| Fibercop SpA |  |  |
| Series 2033, 6.38%, 11/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 6831 | 6942149 |
| Series 2034, 6.00%, 09/30/34<sup>(a)</sup> | &nbsp;&nbsp; 6766 | 6635085 |
| Series 2036, 7.20%, 07/18/36<sup>(a)</sup> | &nbsp;&nbsp; 7198 | 7314967 |
| Series 2038, 7.72%, 06/04/38<sup>(a)(b)</sup> | &nbsp;&nbsp; 7036 | 7224504 |
| Flash Compute LLC, 7.25%, 12/31/30<sup>(a)</sup> | &nbsp;&nbsp; 14713 | 15063640 |
| Iliad Holding SAS |  |  |
| 7.00%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 15411 | 15598544 |
| 7.00%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 9922 | 10184733 |
| 8.50%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 16701 | 17856135 |
| Level 3 Financing, Inc. |  |  |
| 3.75%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 7057 | 6560364 |
| 6.88%, 06/30/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 30233 | 31295690 |
| 7.00%, 03/31/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 37139 | 38587083 |
| 8.50%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 25108 | 26126428 |
| Rogers Communications, Inc. |  |  |
| 5.25%, 03/15/82, (5-year CMT + 3.59%)<sup>(a)(g)</sup> | &nbsp;&nbsp; 11872 | 11880459 |
| 7.00%, 04/15/55, (5-year CMT + 2.65%)<sup>(b)(g)</sup> | &nbsp;&nbsp; 14834 | 15489416 |
| 7.13%, 04/15/55, (5-year CMT + 2.62%)<sup>(g)</sup> | &nbsp;&nbsp; 14509 | 15334127 |
| SV RNO Property Owner 1 LLC, 5.88%, <br> 03/01/31<sup>(a)</sup><br>| &nbsp;&nbsp; 43713 | 43891428 |
| TELUS Corp. |  |  |
| 6.63%, 10/15/55, (5-year CMT + 2.77%)<sup>(b)(g)</sup> | &nbsp;&nbsp; 10453 | 10778457 |
| 7.00%, 10/15/55, (5-year CMT + 2.71%)<sup>(g)</sup> | &nbsp;&nbsp; 13409 | 14153418 |
| Series ., 6.38%, 06/09/56, (5-year CMT + <br> 2.69%)<sup>(b)(g)</sup><br>| &nbsp;&nbsp; 7964 | 8102989 |
| Series ..., 6.63%, 06/09/56, (5-year CMT + <br> 2.52%)<sup>(g)</sup><br>| &nbsp;&nbsp; 10814 | 10910998 |
| Uniti Group LP / Uniti Group Finance 2019, Inc. <br> /CSL Capital LLC, Series Feb, 8.63%, <br> 06/15/32<sup>(a)</sup><br>| &nbsp;&nbsp; 1645 | 1666782 |
| Uniti Group LP/Uniti Group Finance 2019, <br> Inc./CSL Capital LLC<br>|  |  |
| 4.75%, 04/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 8717 | 8694960 |
| 6.50%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 16066 | 15636424 |
| 8.63%, 06/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 13621 | 13801357 |
| Viasat, Inc. |  |  |
| 5.63%, 04/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 7277 | 7265926 |
| 6.50%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5064 | 4987362 |
| 7.50%, 05/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 9946 | 9809412 |
| Vmed O2 U.K. Financing I PLC |  |  |
| 4.25%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp; 18362 | 16156647 |
| 4.75%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 19365 | 17225404 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 6.75%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; $11886 | $11269414 |
| 7.75%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 10581 | 10581000 |
| Vodafone Group PLC |  |  |
| 4.13%, 06/04/81, (5-year CMT + 2.77%)<sup>(g)</sup> | &nbsp;&nbsp; 11113 | 10486175 |
| 7.00%, 04/04/79, (5-year USD Swap + <br> 4.87%)<sup>(g)</sup><br>| &nbsp;&nbsp; 31929 | 33746424 |
| Windstream Services LLC, 7.50%, <br> 10/15/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 20416 | 21237732 |
| Windstream Services LLC/Windstream Escrow <br> Finance Corp., 8.25%, 10/01/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 32909 | 34530482 |
| WULF Compute LLC, 7.75%, 10/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 49864 | 52770029 |
| Zayo Group Holdings, Inc. |  |  |
| 9.25%, 03/09/30, (9.25 % in PIK)<sup>(a)(b)(f)</sup> | &nbsp;&nbsp; 17586 | 17132254 |
| 13.75%, 09/09/30, (13.75 % in PIK)<sup>(a)(b)(f)</sup> | &nbsp;&nbsp; 12407 | 11308400 |
|  |  | 1020594339 |
| **Transportation — 0.1%** | **Transportation — 0.1%** | **Transportation — 0.1%** |
| Brightline East LLC, 11.00%, 01/31/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 17134 | 4444131 |
| XPO, Inc. |  |  |
| 7.13%, 06/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6677 | 6940205 |
| 7.13%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 8329 | 8710047 |
|  |  | 20094383 |
| **Trucking & Leasing — 0.3%** | **Trucking & Leasing — 0.3%** | **Trucking & Leasing — 0.3%** |
| FTAI Aviation Investors LLC |  |  |
| 5.50%, 05/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 15848 | 15857776 |
| 5.88%, 04/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 6298 | 6378221 |
| 7.00%, 05/01/31<sup>(a)</sup> | &nbsp;&nbsp; 9555 | 10022300 |
| 7.00%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10594 | 11100438 |
| 7.88%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp; 8717 | 9223105 |
|  |  | 52581840 |
| **Total Corporate Bonds & Notes — 97.7%** <br>**(Cost: $16,758,416,876)** | **Total Corporate Bonds & Notes — 97.7%** <br>**(Cost: $16,758,416,876)** | 16279722617 |
| **Floating Rate Loan Interests**<sup>(g)</sup> | **Floating Rate Loan Interests**<sup>(g)</sup> | **Floating Rate Loan Interests**<sup>(g)</sup> |
| **Media — 0.0%** | **Media — 0.0%** | **Media — 0.0%** |
| Radiate Holdco LLC, 2025 FLFO Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + <br> 3.61% and 1.50% PIK), 8.79%, 09/25/29<sup>(f)</sup><br>| &nbsp;&nbsp; 11 | 9484 |
| **Retail — 0.2%** | **Retail — 0.2%** | **Retail — 0.2%** |
| SAKS Global Enterprises LLC |  |  |
| DIP 1st Out Subsequent Delayed Draw Term <br> Loan, (3-mo. CME Term SOFR at 0.00% <br> Floor + 11.00%), 14.67%, 07/15/26<br>| &nbsp;&nbsp; 7456 | 6859285 |
| DIP 1st Out Final Delayed Draw Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + <br> 11.00%), 14.66%, 07/15/26<br>| &nbsp;&nbsp; 7231 | 6652311 |
| DIP Second Out Commitments, 12/31/79<sup>(j)</sup> | &nbsp;&nbsp; 11797 | 3539149 |
| DIP Third Out Term Loans, 07/15/26<sup>(j)</sup> | &nbsp;&nbsp; 2027 | 206112 |
| DIP First Out Interim Delayed Draw Term <br> Loan, (3-mo. CME Term SOFR at 0.00% <br> Floor + 11.00%), 14.66%, 01/14/33<br>| &nbsp;&nbsp; 12786 | 11762730 |
| DIP Second Out Roll-Up DDTL, (3-mo. CME <br> Term SOFR at 0.00% Floor + 12.50%), <br> 16.16%, 07/15/26<br>| &nbsp;&nbsp; 6467 | 1939952 |
|  |  | 30959539 |
| **Total Floating Rate Loan Interests — 0.2%** <br>**(Cost: $39,806,867)** | **Total Floating Rate Loan Interests — 0.2%** <br>**(Cost: $39,806,867)** | 30969023 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** |
| Incora Top Holdco LLC, NVS<sup>(b)(d)</sup> | &nbsp;&nbsp; 203107 | $1261294 |
| **Total Common Stocks — 0.0%** <br>**(Cost $20,944,592)** | **Total Common Stocks — 0.0%** <br>**(Cost $20,944,592)** | 1261294 |
| **Total Long-Term Investments — 97.9%** <br>**(Cost: $16,819,168,335)** | **Total Long-Term Investments — 97.9%** <br>**(Cost: $16,819,168,335)** | 16311952934 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 16.6%** | **Money Market Funds — 16.6%** | **Money Market Funds — 16.6%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(k)(l)(m)</sup><br>| &nbsp;&nbsp; 2563463890 | 2564745622 |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(k)(l)</sup><br>| &nbsp;&nbsp; 207610000 | 207610000 |
| **Total Short-Term Securities — 16.6%** <br>**(Cost: $2,770,830,786)** | **Total Short-Term Securities — 16.6%** <br>**(Cost: $2,770,830,786)** | 2772355622 |
| **Total Investments — 114.5%** <br>**(Cost: $19,589,999,121)** | **Total Investments — 114.5%** <br>**(Cost: $19,589,999,121)** | 19084308556 |
| **Liabilities in Excess of Other Assets — (14.5)%** | **Liabilities in Excess of Other Assets — (14.5)%** | (2410024300)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $16674284256 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(b)</sup> All or a portion of this security is on loan.

<sup>(c)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(d)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(e)</sup> Non-income producing security.

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

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

<sup>(h)</sup> Perpetual security with no stated maturity date.

<sup>(i)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

<sup>(j)</sup> Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. 

<sup>(k)</sup> Affiliate of the Fund.

<sup>(l)</sup> Annualized 7-day yield as of period end.

<sup>(m)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ High Yield Corporate Bond ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Insti-<br> tutional, SL Agency <br> Shares<br>| $2699971297 | $— | &nbsp;&nbsp; $(135215760 )<sup>(a)</sup><br>| &nbsp;&nbsp; $(48168)<br>| $38253 | $2564745622 | 2563463890 | $13022714 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Trea-<br> sury, SL Agency Shares<br>| 160690000 | 46920000 <br><sup>(a)</sup><br>|  |  |  | 207610000 | 207610000 | 3283919 |  |
|  |  |  |  | $(48168) | $38253 | $2772355622 |  | $16306633 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $16278717954 | &nbsp;&nbsp; $1004663 | &nbsp;&nbsp; $16279722617 |
| Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp; 30969023 | &nbsp;&nbsp; — | &nbsp;&nbsp; 30969023 |
| Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1261294 | &nbsp;&nbsp; 1261294 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 2772355622 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2772355622 |
|  | &nbsp;&nbsp; $2772355622 | &nbsp;&nbsp; $16309686977 | &nbsp;&nbsp; $2265957 | &nbsp;&nbsp; $19084308556 |

---

*See notes to financial statements.*

Schedule of Investments

------

Schedule of Investments

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.0%** | **Advertising — 0.0%** | **Advertising — 0.0%** |
| Omnicom Group, Inc., 2.60%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp; $2180 | $1984498 |
| **Aerospace & Defense — 2.4%** | **Aerospace & Defense — 2.4%** | **Aerospace & Defense — 2.4%** |
| Boeing Co.(The) |  |  |
| 2.95%, 02/01/30 | &nbsp;&nbsp; 16349 | 15668399 |
| 3.20%, 03/01/29 | &nbsp;&nbsp; 8391 | 8196941 |
| 3.25%, 02/01/35 | &nbsp;&nbsp; 11382 | 10137393 |
| 3.60%, 05/01/34<sup>(a)</sup> | &nbsp;&nbsp; 11594 | 10701574 |
| 3.63%, 02/01/31 | &nbsp;&nbsp; 12365 | 12000607 |
| 3.75%, 02/01/50 | &nbsp;&nbsp; 18892 | 14025035 |
| 3.90%, 05/01/49<sup>(a)</sup> | &nbsp;&nbsp; 10734 | 8207688 |
| 3.95%, 08/01/59 | &nbsp;&nbsp; 7032 | 5048522 |
| 5.15%, 05/01/30 | &nbsp;&nbsp; 26386 | 27320946 |
| 5.71%, 05/01/40<sup>(a)</sup> | &nbsp;&nbsp; 24370 | 25355096 |
| 5.81%, 05/01/50 | &nbsp;&nbsp; 39558 | 39691639 |
| 5.93%, 05/01/60 | &nbsp;&nbsp; 24459 | 24507045 |
| 6.30%, 05/01/29 | &nbsp;&nbsp; 6651 | 7083109 |
| 6.39%, 05/01/31 | &nbsp;&nbsp; 13018 | 14213643 |
| 6.53%, 05/01/34 | &nbsp;&nbsp; 15501 | 17369729 |
| 6.86%, 05/01/54<sup>(a)</sup> | &nbsp;&nbsp; 17547 | 20083024 |
| 7.01%, 05/01/64 | &nbsp;&nbsp; 13628 | 15818054 |
| GE Capital International Funding Co. Unlimited <br> Co., 4.42%, 11/15/35<br>| &nbsp;&nbsp; 6738 | 6653464 |
| General Dynamics Corp. |  |  |
| 3.63%, 04/01/30 | &nbsp;&nbsp; 8454 | 8364611 |
| 4.25%, 04/01/40 | &nbsp;&nbsp; 6909 | 6435793 |
| 4.25%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 2627 | 2272120 |
| 4.95%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5000 | 5165708 |
| General Electric Co. |  |  |
| 4.30%, 07/29/30<sup>(a)</sup> | &nbsp;&nbsp; 7874 | 7993587 |
| 4.90%, 01/29/36<sup>(a)</sup> | &nbsp;&nbsp; 9674 | 9912099 |
| 5.88%, 01/14/38<sup>(a)</sup> | &nbsp;&nbsp; 7431 | 8149143 |
| 6.75%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 11204 | 12800207 |
| L3Harris Technologies, Inc. |  |  |
| 5.05%, 06/01/29 | &nbsp;&nbsp; 5954 | 6136850 |
| 5.25%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 10322 | 10805345 |
| 5.35%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 7555 | 7892335 |
| 5.40%, 07/31/33<sup>(a)</sup> | &nbsp;&nbsp; 9141 | 9629585 |
| Lockheed Martin Corp. |  |  |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 9143 | 5956323 |
| 3.80%, 03/01/45 | &nbsp;&nbsp; 6894 | 5673694 |
| 3.90%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10447 | 10378680 |
| 4.07%, 12/15/42 | &nbsp;&nbsp; 11407 | 9976902 |
| 4.09%, 09/15/52 | &nbsp;&nbsp; 13134 | 10667365 |
| 4.15%, 06/15/53 | &nbsp;&nbsp; 11550 | 9423265 |
| 4.40%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6508 | 6622435 |
| 4.70%, 05/15/46 | &nbsp;&nbsp; 11721 | 10822152 |
| 4.75%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7706 | 7913476 |
| 5.00%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7143 | 7380043 |
| 5.20%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 9629 | 9268448 |
| 5.20%, 02/15/64 | &nbsp;&nbsp; 9399 | 8829306 |
| 5.25%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 7489 | 7963314 |
| 5.70%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 9440 | 9737408 |
| 5.90%, 11/15/63<sup>(a)</sup> | &nbsp;&nbsp; 3672 | 3874588 |
| Northrop Grumman Corp. |  |  |
| 4.03%, 10/15/47<sup>(a)</sup> | &nbsp;&nbsp; 19178 | 15738194 |
| 4.40%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 7944 | 8060645 |
| 4.70%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 7971 | 8138335 |
| 4.75%, 06/01/43 | &nbsp;&nbsp; 12350 | 11616325 |
| 4.90%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 6132 | 6285439 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| 4.95%, 03/15/53 | &nbsp;&nbsp; $11695 | $10748498 |
| 5.20%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 6765 | 6445859 |
| 5.25%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 11261 | 10880754 |
| RTX Corp. |  |  |
| 1.90%, 09/01/31 | &nbsp;&nbsp; 9573 | 8509488 |
| 2.25%, 07/01/30 | &nbsp;&nbsp; 7226 | 6727227 |
| 2.38%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 12473 | 11240014 |
| 2.82%, 09/01/51 | &nbsp;&nbsp; 10455 | 6673716 |
| 3.03%, 03/15/52<sup>(a)</sup> | &nbsp;&nbsp; 12573 | 8355518 |
| 3.13%, 07/01/50<sup>(a)</sup> | &nbsp;&nbsp; 11408 | 7842634 |
| 3.75%, 11/01/46 | &nbsp;&nbsp; 9937 | 7877280 |
| 4.15%, 05/15/45 | &nbsp;&nbsp; 11005 | 9398419 |
| 4.35%, 04/15/47 | &nbsp;&nbsp; 8686 | 7530982 |
| 4.45%, 11/16/38 | &nbsp;&nbsp; 13764 | 13108531 |
| 4.50%, 06/01/42<sup>(a)</sup> | &nbsp;&nbsp; 23734 | 21872749 |
| 4.63%, 11/16/48 | &nbsp;&nbsp; 14832 | 13220453 |
| 5.15%, 02/27/33<sup>(a)</sup> | &nbsp;&nbsp; 13384 | 14005331 |
| 5.38%, 02/27/53<sup>(a)</sup> | &nbsp;&nbsp; 12716 | 12413084 |
| 6.00%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 9294 | 10080075 |
| 6.10%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7455 | 8242069 |
| 6.40%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 13986 | 15607096 |
|  |  | 762745405 |
| **Agriculture — 1.5%** | **Agriculture — 1.5%** | **Agriculture — 1.5%** |
| Altria Group, Inc. |  |  |
| 2.45%, 02/04/32<sup>(a)</sup> | &nbsp;&nbsp; 17930 | 16084090 |
| 3.40%, 05/06/30 | &nbsp;&nbsp; 7508 | 7311020 |
| 3.40%, 02/04/41 | &nbsp;&nbsp; 14003 | 10960495 |
| 3.70%, 02/04/51 | &nbsp;&nbsp; 12144 | 8698321 |
| 3.88%, 09/16/46 | &nbsp;&nbsp; 12962 | 9967011 |
| 4.00%, 02/04/61 | &nbsp;&nbsp; 8466 | 6232504 |
| 4.25%, 08/09/42 | &nbsp;&nbsp; 7225 | 6124244 |
| 5.38%, 01/31/44<sup>(a)</sup> | &nbsp;&nbsp; 14984 | 14486701 |
| 5.80%, 02/14/39<sup>(a)</sup> | &nbsp;&nbsp; 12181 | 12673261 |
| 5.95%, 02/14/49<sup>(a)</sup> | &nbsp;&nbsp; 18239 | 18488161 |
| Archer-Daniels-Midland Co. |  |  |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 2237 | 1402911 |
| 2.90%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4824 | 4486284 |
| 3.25%, 03/27/30 | &nbsp;&nbsp; 5475 | 5328442 |
| BAT Capital Corp. |  |  |
| 2.73%, 03/25/31 | &nbsp;&nbsp; 8379 | 7803741 |
| 4.39%, 08/15/37<sup>(a)</sup> | &nbsp;&nbsp; 15034 | 14026131 |
| 4.54%, 08/15/47 | &nbsp;&nbsp; 17193 | 14511311 |
| 4.63%, 03/22/33 | &nbsp;&nbsp; 5843 | 5864970 |
| 4.74%, 03/16/32 | &nbsp;&nbsp; 8565 | 8712831 |
| 4.76%, 09/06/49 | &nbsp;&nbsp; 8006 | 6883462 |
| 4.91%, 04/02/30 | &nbsp;&nbsp; 7746 | 7958171 |
| 5.35%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 9480 | 9955141 |
| 5.63%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 10105 | 10651132 |
| 5.83%, 02/20/31 | &nbsp;&nbsp; 6395 | 6839946 |
| 6.00%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 6109 | 6623954 |
| 6.34%, 08/02/30<sup>(a)</sup> | &nbsp;&nbsp; 5909 | 6424648 |
| 6.42%, 08/02/33<sup>(a)</sup> | &nbsp;&nbsp; 6719 | 7467581 |
| 7.08%, 08/02/43 | &nbsp;&nbsp; 6254 | 7097872 |
| 7.08%, 08/02/53 | &nbsp;&nbsp; 7444 | 8545200 |
| Bunge Ltd. Finance Corp. |  |  |
| 2.75%, 05/14/31 | &nbsp;&nbsp; 7126 | 6624465 |
| 4.20%, 09/17/29 | &nbsp;&nbsp; 5140 | 5169769 |
| 4.65%, 09/17/34<sup>(a)</sup> | &nbsp;&nbsp; 3776 | 3756793 |
| Philip Morris International, Inc. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 14176 | 12769625 |
| 2.10%, 05/01/30 | &nbsp;&nbsp; 7627 | 7055001 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| 3.38%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; $7550 | $7418409 |
| 3.88%, 08/21/42<sup>(a)</sup> | &nbsp;&nbsp; 5135 | 4308730 |
| 4.00%, 10/29/30<sup>(a)</sup> | &nbsp;&nbsp; 10591 | 10570862 |
| 4.13%, 03/04/43<sup>(a)</sup> | &nbsp;&nbsp; 6071 | 5258544 |
| 4.25%, 10/29/32<sup>(a)</sup> | &nbsp;&nbsp; 10103 | 10066876 |
| 4.25%, 11/10/44 | &nbsp;&nbsp; 9106 | 7858465 |
| 4.38%, 04/30/30 | &nbsp;&nbsp; 8279 | 8386212 |
| 4.38%, 11/15/41 | &nbsp;&nbsp; 5833 | 5259343 |
| 4.63%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7294 | 7462782 |
| 4.63%, 10/29/35 | &nbsp;&nbsp; 8392 | 8309051 |
| 4.75%, 11/01/31<sup>(a)</sup> | &nbsp;&nbsp; 9039 | 9290530 |
| 4.88%, 11/15/43 | &nbsp;&nbsp; 5202 | 4872326 |
| 4.90%, 11/01/34 | &nbsp;&nbsp; 8138 | 8298001 |
| 5.13%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 11260 | 11698521 |
| 5.13%, 02/13/31<sup>(a)</sup> | &nbsp;&nbsp; 7438 | 7756123 |
| 5.25%, 02/13/34<sup>(a)</sup> | &nbsp;&nbsp; 9025 | 9444499 |
| 5.38%, 02/15/33 | &nbsp;&nbsp; 15390 | 16231641 |
| 5.63%, 11/17/29 | &nbsp;&nbsp; 6086 | 6423247 |
| 5.63%, 09/07/33<sup>(a)</sup> | &nbsp;&nbsp; 9420 | 10088368 |
| 5.75%, 11/17/32 | &nbsp;&nbsp; 8185 | 8823095 |
| 6.38%, 05/16/38 | &nbsp;&nbsp; 9704 | 10911468 |
| Reynolds American, Inc. |  |  |
| 5.70%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7229 | 7620192 |
| 5.85%, 08/15/45<sup>(a)</sup> | &nbsp;&nbsp; 15465 | 15481702 |
|  |  | 488824176 |
| **Airlines — 0.0%** | **Airlines — 0.0%** | **Airlines — 0.0%** |
| Delta Air Lines, Inc., 5.25%, 07/10/30 | &nbsp;&nbsp; 3722 | 3835432 |
| Southwest Airlines Co., 5.25%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4871 | 4826558 |
|  |  | 8661990 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| NIKE, Inc. |  |  |
| 2.85%, 03/27/30 | &nbsp;&nbsp; 6215 | 5973148 |
| 3.25%, 03/27/40 | &nbsp;&nbsp; 8179 | 6724418 |
| 3.38%, 03/27/50<sup>(a)</sup> | &nbsp;&nbsp; 7517 | 5504138 |
| 3.88%, 11/01/45<sup>(a)</sup> | &nbsp;&nbsp; 3671 | 3022645 |
| Tapestry, Inc. |  |  |
| 5.10%, 03/11/30<sup>(a)</sup> | &nbsp;&nbsp; 200 | 206381 |
| 5.50%, 03/11/35<sup>(a)</sup> | &nbsp;&nbsp; 452 | 468895 |
|  |  | 21899625 |
| **Auto Manufacturers — 2.2%** | **Auto Manufacturers — 2.2%** | **Auto Manufacturers — 2.2%** |
| American Honda Finance Corp. |  |  |
| 4.40%, 09/05/29<sup>(a)</sup> | &nbsp;&nbsp; 5252 | 5318867 |
| 4.90%, 03/13/29<sup>(a)</sup> | &nbsp;&nbsp; 1995 | 2045550 |
| 4.90%, 01/10/34<sup>(a)</sup> | &nbsp;&nbsp; 5890 | 5976488 |
| 5.05%, 07/10/31<sup>(a)</sup> | &nbsp;&nbsp; 7775 | 8048350 |
| 5.15%, 07/09/32<sup>(a)</sup> | &nbsp;&nbsp; 8108 | 8407207 |
| Cummins, Inc. |  |  |
| 1.50%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6728 | 6068227 |
| 5.15%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 6650 | 6938372 |
| 5.30%, 05/09/35 | &nbsp;&nbsp; 8334 | 8740554 |
| 5.45%, 02/20/54<sup>(a)</sup> | &nbsp;&nbsp; 7390 | 7383347 |
| Ford Motor Co. |  |  |
| 3.25%, 02/12/32 | &nbsp;&nbsp; 21240 | 19090705 |
| 4.75%, 01/15/43<sup>(a)</sup> | &nbsp;&nbsp; 11262 | 9061860 |
| 5.29%, 12/08/46<sup>(a)</sup> | &nbsp;&nbsp; 7718 | 6582206 |
| 6.10%, 08/19/32<sup>(a)</sup> | &nbsp;&nbsp; 10796 | 11296800 |
| 7.45%, 07/16/31<sup>(a)</sup> | &nbsp;&nbsp; 10569 | 11802615 |
| Ford Motor Credit Co. LLC |  |  |
| 3.63%, 06/17/31 | &nbsp;&nbsp; 11592 | 10796384 |
| 4.00%, 11/13/30 | &nbsp;&nbsp; 16639 | 15944144 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 5.11%, 05/03/29<sup>(a)</sup> | &nbsp;&nbsp; $5306 | $5356247 |
| 5.30%, 09/06/29 | &nbsp;&nbsp; 7545 | 7653290 |
| 5.73%, 09/05/30<sup>(a)</sup> | &nbsp;&nbsp; 9757 | 10033102 |
| 5.75%, 04/06/33 | &nbsp;&nbsp; 8578 | 8729291 |
| 5.80%, 03/08/29<sup>(a)</sup> | &nbsp;&nbsp; 5636 | 5801849 |
| 5.87%, 10/31/35<sup>(a)</sup> | &nbsp;&nbsp; 2566 | 2575917 |
| 5.88%, 11/07/29<sup>(a)</sup> | &nbsp;&nbsp; 9808 | 10139267 |
| 6.05%, 03/05/31<sup>(a)</sup> | &nbsp;&nbsp; 9295 | 9661240 |
| 6.05%, 11/05/31 | &nbsp;&nbsp; 13234 | 13767486 |
| 6.13%, 03/08/34<sup>(a)</sup> | &nbsp;&nbsp; 12479 | 12889563 |
| 6.50%, 02/07/35<sup>(a)</sup> | &nbsp;&nbsp; 13086 | 13712931 |
| 6.53%, 03/19/32<sup>(a)</sup> | &nbsp;&nbsp; 8780 | 9333601 |
| 7.12%, 11/07/33 | &nbsp;&nbsp; 10940 | 11946489 |
| 7.20%, 06/10/30 | &nbsp;&nbsp; 6973 | 7524186 |
| 7.35%, 03/06/30<sup>(a)</sup> | &nbsp;&nbsp; 10807 | 11703204 |
| General Motors Co. |  |  |
| 5.00%, 04/01/35<sup>(a)</sup> | &nbsp;&nbsp; 8722 | 8655349 |
| 5.15%, 04/01/38 | &nbsp;&nbsp; 7464 | 7272243 |
| 5.20%, 04/01/45 | &nbsp;&nbsp; 9468 | 8620403 |
| 5.40%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp; 10377 | 10791756 |
| 5.40%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 6552 | 6029236 |
| 5.60%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 12190 | 12826798 |
| 5.63%, 04/15/30 | &nbsp;&nbsp; 7331 | 7686952 |
| 5.95%, 04/01/49<sup>(a)</sup> | &nbsp;&nbsp; 7863 | 7739621 |
| 6.25%, 10/02/43<sup>(a)</sup> | &nbsp;&nbsp; 10650 | 10921264 |
| 6.60%, 04/01/36 | &nbsp;&nbsp; 12248 | 13433187 |
| 6.75%, 04/01/46<sup>(a)</sup> | &nbsp;&nbsp; 5717 | 6175625 |
| General Motors Financial Co., Inc. |  |  |
| 2.35%, 01/08/31<sup>(a)</sup> | &nbsp;&nbsp; 11715 | 10648464 |
| 2.70%, 06/10/31<sup>(a)</sup> | &nbsp;&nbsp; 9942 | 9124614 |
| 3.10%, 01/12/32 | &nbsp;&nbsp; 11914 | 11006594 |
| 3.60%, 06/21/30 | &nbsp;&nbsp; 11390 | 11060860 |
| 4.30%, 04/06/29 | &nbsp;&nbsp; 5434 | 5457478 |
| 4.60%, 01/08/31<sup>(a)</sup> | &nbsp;&nbsp; 9971 | 10058923 |
| 4.90%, 10/06/29 | &nbsp;&nbsp; 8384 | 8565675 |
| 5.35%, 01/07/30<sup>(a)</sup> | &nbsp;&nbsp; 12162 | 12618379 |
| 5.45%, 07/15/30 | &nbsp;&nbsp; 14365 | 15011274 |
| 5.45%, 09/06/34 | &nbsp;&nbsp; 8584 | 8807031 |
| 5.55%, 07/15/29 | &nbsp;&nbsp; 7119 | 7407401 |
| 5.60%, 06/18/31<sup>(a)</sup> | &nbsp;&nbsp; 10800 | 11336489 |
| 5.63%, 04/04/32<sup>(a)</sup> | &nbsp;&nbsp; 8970 | 9419493 |
| 5.75%, 02/08/31<sup>(a)</sup> | &nbsp;&nbsp; 10140 | 10707793 |
| 5.85%, 04/06/30<sup>(a)</sup> | &nbsp;&nbsp; 11303 | 11931019 |
| 5.90%, 01/07/35<sup>(a)</sup> | &nbsp;&nbsp; 8766 | 9210331 |
| 5.95%, 04/04/34 | &nbsp;&nbsp; 9447 | 10013413 |
| 6.10%, 01/07/34 | &nbsp;&nbsp; 12894 | 13805527 |
| 6.15%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9456 | 10104046 |
| 6.40%, 01/09/33<sup>(a)</sup> | &nbsp;&nbsp; 9307 | 10118359 |
| Honda Motor Co. Ltd. |  |  |
| 2.97%, 03/10/32<sup>(a)</sup> | &nbsp;&nbsp; 7767 | 7193680 |
| 4.69%, 07/08/30 | &nbsp;&nbsp; 8484 | 8642705 |
| 5.34%, 07/08/35 | &nbsp;&nbsp; 7502 | 7751985 |
| Mercedes-Benz Finance North America LLC, <br> 8.50%, 01/18/31<br>| &nbsp;&nbsp; 5976 | 7094717 |
| Toyota Motor Credit Corp. |  |  |
| 2.15%, 02/13/30 | &nbsp;&nbsp; 10194 | 9540522 |
| 3.38%, 04/01/30 | &nbsp;&nbsp; 6294 | 6162761 |
| 4.45%, 06/29/29 | &nbsp;&nbsp; 7753 | 7899574 |
| 4.55%, 08/09/29<sup>(a)</sup> | &nbsp;&nbsp; 7500 | 7667036 |
| 4.60%, 10/10/31 | &nbsp;&nbsp; 5781 | 5910509 |
| 4.80%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 8569 | 8841448 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 4.80%, 01/05/34 | &nbsp;&nbsp; $5578 | $5711995 |
| 5.05%, 05/16/29 | &nbsp;&nbsp; 5909 | 6125792 |
| 5.10%, 03/21/31 | &nbsp;&nbsp; 7344 | 7679717 |
| 5.35%, 01/09/35<sup>(a)</sup> | &nbsp;&nbsp; 5954 | 6302514 |
| 5.55%, 11/20/30<sup>(a)</sup> | &nbsp;&nbsp; 11047 | 11758332 |
| Series B, 4.20%, 01/10/31<sup>(a)</sup> | &nbsp;&nbsp; 5402 | 5437368 |
|  |  | 710615591 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.10%, 12/01/51<sup>(a)</sup> | &nbsp;&nbsp; 11654 | 7601328 |
| 3.25%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 6297 | 5952584 |
| 4.15%, 05/01/52 | &nbsp;&nbsp; 8290 | 6434259 |
|  |  | 19988171 |
| **Banks — 22.4%** | **Banks — 22.4%** | **Banks — 22.4%** |
| Australia & New Zealand Banking Group <br> Ltd./New York, 4.62%, 12/16/29<sup>(a)</sup><br>| &nbsp;&nbsp; 1823 | 1874205 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| 5.13%, 03/03/36 | &nbsp;&nbsp; 6200 | 6159679 |
| 5.38%, 03/13/29 | &nbsp;&nbsp; 1929 | 2005472 |
| 6.03%, 03/13/35, (1-year CMT + 1.95%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 2462 | 2630910 |
| Banco Santander SA |  |  |
| 2.75%, 12/03/30 | &nbsp;&nbsp; 14603 | 13415773 |
| 2.96%, 03/25/31 | &nbsp;&nbsp; 6873 | 6419261 |
| 3.31%, 06/27/29 | &nbsp;&nbsp; 7264 | 7089439 |
| 3.49%, 05/28/30 | &nbsp;&nbsp; 6852 | 6652551 |
| 4.55%, 11/06/30 | &nbsp;&nbsp; 13263 | 13369807 |
| 5.13%, 11/06/35 | &nbsp;&nbsp; 8824 | 8876803 |
| 5.44%, 07/15/31 | &nbsp;&nbsp; 12828 | 13562497 |
| 5.54%, 03/14/30, (1-year CMT + 1.45%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 3519 | 3652037 |
| 5.57%, 01/17/30 | &nbsp;&nbsp; 7590 | 7945771 |
| 6.03%, 01/17/35 | &nbsp;&nbsp; 6409 | 6899131 |
| 6.35%, 03/14/34<sup>(a)</sup> | &nbsp;&nbsp; 7285 | 7865131 |
| 6.92%, 08/08/33 | &nbsp;&nbsp; 12060 | 13422478 |
| 6.94%, 11/07/33 | &nbsp;&nbsp; 9600 | 11074440 |
| Bank of America Corp. |  |  |
| 1.90%, 07/23/31, (1-day SOFR + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 24948 | 22625167 |
| 1.92%, 10/24/31, (1-day SOFR + 1.37%)<sup>(b)</sup> | &nbsp;&nbsp; 23823 | 21474750 |
| 2.30%, 07/21/32, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 32755 | 29537080 |
| 2.50%, 02/13/31, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 34383 | 32270027 |
| 2.57%, 10/20/32, (1-day SOFR + 1.21%)<sup>(b)</sup> | &nbsp;&nbsp; 30300 | 27575103 |
| 2.59%, 04/29/31, (1-day SOFR + 2.15%)<sup>(b)</sup> | &nbsp;&nbsp; 27327 | 25668145 |
| 2.68%, 06/19/41, (1-day SOFR + 1.93%)<sup>(b)</sup> | &nbsp;&nbsp; 41737 | 31010658 |
| 2.69%, 04/22/32, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 28867 | 26711186 |
| 2.83%, 10/24/51, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 11276 | 7259322 |
| 2.88%, 10/22/30, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(b)</sup><br>| &nbsp;&nbsp; 20965 | 20079770 |
| 2.97%, 02/04/33, (1-day SOFR + 1.33%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 27782 | 25659102 |
| 2.97%, 07/21/52, (1-day SOFR + 1.56%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 17048 | 11241097 |
| 3.19%, 07/23/30, (3-mo. CME Term SOFR + <br> 1.44%)<sup>(b)</sup><br>| &nbsp;&nbsp; 22159 | 21548347 |
| 3.31%, 04/22/42, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 27092 | 21545810 |
| 3.95%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10747 | 8683054 |
| 4.08%, 04/23/40, (3-mo. CME Term SOFR + <br> 1.58%)<sup>(b)</sup><br>| &nbsp;&nbsp; 16560 | 14855554 |
| 4.08%, 03/20/51, (3-mo. CME Term SOFR + <br> 3.41%)<sup>(b)</sup><br>| &nbsp;&nbsp; 41538 | 33645867 |
| 4.24%, 04/24/38, (3-mo. CME Term SOFR + <br> 2.08%)<sup>(b)</sup><br>| &nbsp;&nbsp; 17299 | 16203345 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.33%, 03/15/50, (3-mo. CME Term SOFR + <br> 1.78%)<sup>(b)</sup><br>| &nbsp;&nbsp; $21655 | $18389357 |
| 4.44%, 01/20/48, (3-mo. CME Term SOFR + <br> 2.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 17605 | 15413406 |
| 4.46%, 02/06/32, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 26965 | 27147693 |
| 4.57%, 04/27/33, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 33740 | 33848589 |
| 5.00%, 01/21/44<sup>(a)</sup> | &nbsp;&nbsp; 16572 | 16121119 |
| 5.02%, 07/22/33, (1-day SOFR + 2.16%)<sup>(b)</sup> | &nbsp;&nbsp; 32714 | 33617754 |
| 5.05%, 02/06/37, (1-day SOFR + 1.13%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 24789 | 25128922 |
| 5.16%, 01/24/31, (1-day SOFR + 1.00%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 16949 | 17578101 |
| 5.29%, 04/25/34, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 41955 | 43495088 |
| 5.46%, 05/09/36, (1-day SOFR + 1.64%)<sup>(b)</sup> | &nbsp;&nbsp; 23004 | 24069531 |
| 5.47%, 01/23/35, (1-day SOFR + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 41184 | 43116168 |
| 5.51%, 01/24/36, (1-day SOFR + 1.31%)<sup>(b)</sup> | &nbsp;&nbsp; 31947 | 33500429 |
| 5.87%, 09/15/34, (1-day SOFR + 1.84%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 34223 | 36718517 |
| 5.88%, 02/07/42 | &nbsp;&nbsp; 12885 | 13824284 |
| 6.11%, 01/29/37<sup>(a)</sup> | &nbsp;&nbsp; 15480 | 16724942 |
| 7.75%, 05/14/38<sup>(a)</sup> | &nbsp;&nbsp; 13763 | 16872486 |
| Series N, 2.65%, 03/11/32, (1-day SOFR + <br> 1.22%)<sup>(b)</sup><br>| &nbsp;&nbsp; 18698 | 17330884 |
| Series N, 3.48%, 03/13/52, (1-day SOFR + <br> 1.65%)<sup>(b)</sup><br>| &nbsp;&nbsp; 9986 | 7284806 |
| Bank of America N.A., 6.00%, 10/15/36 | &nbsp;&nbsp; 10808 | 11732910 |
| Bank of Montreal |  |  |
| 4.35%, 09/22/31, (1-day SOFR Index + <br> 1.08%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3038 | 3054715 |
| 4.64%, 09/10/30, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 4013 | 4080141 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 2212 | 2341004 |
| Series J, 4.44%, 01/14/32, (1-day SOFR + <br> 0.97%)<sup>(b)</sup><br>| &nbsp;&nbsp; 10073 | 10129554 |
| Bank of New York Mellon Corp. (The), 3.30%, <br> 08/23/29<br>| &nbsp;&nbsp; 2139 | 2088927 |
| Bank of Nova Scotia(The) |  |  |
| 2.45%, 02/02/32 | &nbsp;&nbsp; 3446 | 3118910 |
| 4.34%, 09/15/31, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 7365 | 7378132 |
| 4.81%, 02/02/34, (1-day SOFR + 1.05%)<sup>(b)</sup> | &nbsp;&nbsp; 6828 | 6897024 |
| 4.85%, 02/01/30 | &nbsp;&nbsp; 7073 | 7271926 |
| 5.13%, 02/14/31, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 8174 | 8453507 |
| 5.65%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 3482 | 3720457 |
| Barclays PLC |  |  |
| 2.65%, 06/24/31, (1-year CMT + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 6917 | 6454534 |
| 2.67%, 03/10/32, (1-year CMT + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 19660 | 18088936 |
| 2.89%, 11/24/32, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 8929 | 8191925 |
| 3.33%, 11/24/42, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 6183 | 4795447 |
| 4.52%, 02/24/32, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 8000 | 8004770 |
| 4.94%, 09/10/30, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 11827 | 12092284 |
| 4.95%, 01/10/47<sup>(a)</sup> | &nbsp;&nbsp; 10177 | 9519169 |
| 5.21%, 02/24/37, (1-day SOFR + 1.51%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5990 | 5975852 |
| 5.25%, 08/17/45<sup>(a)</sup> | &nbsp;&nbsp; 10549 | 10227194 |
| 5.34%, 09/10/35, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 16429 | 16780048 |
| 5.37%, 02/25/31, (1-day SOFR + 1.23%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 11135 | 11554108 |
| 5.69%, 03/12/30, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 9714 | 10122064 |
| 5.75%, 08/09/33, (1-year CMT + 3.00%)<sup>(b)</sup> | &nbsp;&nbsp; 16062 | 16990165 |
| 5.79%, 02/25/36, (1-day SOFR + 1.59%)<sup>(b)</sup> | &nbsp;&nbsp; 9955 | 10424223 |
| 5.86%, 08/11/46, (1-day SOFR + 1.83%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 9249 | 9532450 |
| 6.04%, 03/12/55, (1-day SOFR + 2.42%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 6737 | 7229724 |
| 6.22%, 05/09/34, (1-day SOFR + 2.98%)<sup>(b)</sup> | &nbsp;&nbsp; 16381 | 17707989 |
| 6.69%, 09/13/34, (1-day SOFR + 2.62%)<sup>(b)</sup> | &nbsp;&nbsp; 12428 | 13800994 |
| 7.44%, 11/02/33, (1-year CMT + 3.50%)<sup>(b)</sup> | &nbsp;&nbsp; 18426 | 21134591 |
| Blackstone Reg Finance Co. LLC, 5.00%, <br> 12/06/34<sup>(a)</sup><br>| &nbsp;&nbsp; 5941 | 5964134 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Canadian Imperial Bank of Commerce |  |  |
| 3.60%, 04/07/32 | &nbsp;&nbsp; $3412 | $3286584 |
| 4.58%, 09/08/31, (1-day SOFR Index + <br> 1.17%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 13633 | 13706376 |
| 4.63%, 09/11/30, (1-day SOFR + 1.34%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5522 | 5616192 |
| 5.25%, 01/13/31, (1-day SOFR + 1.11%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5718 | 5936753 |
| 5.26%, 04/08/29 | &nbsp;&nbsp; 2529 | 2622641 |
| 6.09%, 10/03/33 | &nbsp;&nbsp; 2843 | 3120647 |
| Citibank N.A. |  |  |
| 4.84%, 08/06/29 | &nbsp;&nbsp; 7497 | 7707494 |
| 4.91%, 05/29/30 | &nbsp;&nbsp; 18212 | 18803178 |
| 5.57%, 04/30/34<sup>(a)</sup> | &nbsp;&nbsp; 16532 | 17576869 |
| Citigroup, Inc. |  |  |
| 2.52%, 11/03/32, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 20865 | 18858672 |
| 2.56%, 05/01/32, (1-day SOFR + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 30838 | 28171836 |
| 2.57%, 06/03/31, (1-day SOFR + 2.11%)<sup>(b)</sup> | &nbsp;&nbsp; 31648 | 29569236 |
| 2.67%, 01/29/31, (1-day SOFR + 1.15%)<sup>(b)</sup> | &nbsp;&nbsp; 19664 | 18561117 |
| 2.90%, 11/03/42, (1-day SOFR + 1.38%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 9430 | 7017766 |
| 2.98%, 11/05/30, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 24844 | 23790711 |
| 3.06%, 01/25/33, (1-day SOFR + 1.35%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 27202 | 25129118 |
| 3.79%, 03/17/33, (1-day SOFR + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; 29619 | 28468397 |
| 3.88%, 01/24/39, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(b)</sup><br>| &nbsp;&nbsp; 9034 | 8048176 |
| 3.98%, 03/20/30, (3-mo. CME Term SOFR + <br> 1.60%)<sup>(b)</sup><br>| &nbsp;&nbsp; 16998 | 16937621 |
| 4.28%, 04/24/48, (3-mo. CME Term SOFR + <br> 2.10%)<sup>(b)</sup><br>| &nbsp;&nbsp; 6112 | 5241700 |
| 4.41%, 03/31/31, (1-day SOFR + 3.91%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 28883 | 29019322 |
| 4.50%, 09/11/31, (1-day SOFR + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 24305 | 24472770 |
| 4.54%, 09/19/30, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 27098 | 27425132 |
| 4.65%, 07/30/45<sup>(a)</sup> | &nbsp;&nbsp; 7483 | 6836827 |
| 4.65%, 07/23/48 | &nbsp;&nbsp; 19735 | 17578038 |
| 4.75%, 05/18/46 | &nbsp;&nbsp; 15094 | 13455779 |
| 4.91%, 05/24/33, (1-day SOFR + 2.09%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 25819 | 26312491 |
| 4.95%, 05/07/31, (1-day SOFR + 1.46%)<sup>(b)</sup> | &nbsp;&nbsp; 18608 | 19086974 |
| 5.17%, 09/11/36, (1-day SOFR + 1.49%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 24984 | 25408336 |
| 5.30%, 05/06/44<sup>(a)</sup> | &nbsp;&nbsp; 6504 | 6308328 |
| 5.32%, 03/26/41, (1-day SOFR + 4.55%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 12253 | 12297605 |
| 5.33%, 03/27/36, (1-day SOFR + 1.47%)<sup>(b)</sup> | &nbsp;&nbsp; 18174 | 18724100 |
| 5.45%, 06/11/35, (1-day SOFR + 1.45%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 19411 | 20222877 |
| 5.61%, 03/04/56, (1-day SOFR + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 18014 | 18065754 |
| 5.88%, 01/30/42<sup>(a)</sup> | &nbsp;&nbsp; 7482 | 7902770 |
| 6.27%, 11/17/33, (1-day SOFR + 2.34%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 23816 | 26110829 |
| 6.63%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10706 | 11908606 |
| 6.68%, 09/13/43 | &nbsp;&nbsp; 7768 | 8774502 |
| 8.13%, 07/15/39 | &nbsp;&nbsp; 15025 | 19337409 |
| Citizens Financial Group, Inc. |  |  |
| 3.25%, 04/30/30 | &nbsp;&nbsp; 7155 | 6877337 |
| 5.25%, 03/05/31, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 6023 | 6211679 |
| 5.72%, 07/23/32, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 7078 | 7453741 |
| 6.65%, 04/25/35, (1-day SOFR + 2.33%)<sup>(b)</sup> | &nbsp;&nbsp; 3210 | 3548681 |
| Commonwealth Bank of Australia, 4.15%, <br> 10/01/30<sup>(a)</sup><br>| &nbsp;&nbsp; 2227 | 2249155 |
| Cooperatieve Rabobank UA |  |  |
| 5.25%, 05/24/41 | &nbsp;&nbsp; 11970 | 12115822 |
| 5.25%, 08/04/45<sup>(a)</sup> | &nbsp;&nbsp; 9311 | 8827456 |
| 5.75%, 12/01/43<sup>(a)</sup> | &nbsp;&nbsp; 9101 | 9289172 |
| Cooperatieve Rabobank UA/NY, 4.49%, <br> 10/17/29<sup>(a)</sup><br>| &nbsp;&nbsp; 1808 | 1849768 |
| Deutsche Bank AG/New York NY |  |  |
| 3.04%, 05/28/32, (1-day SOFR + 1.72%)<sup>(b)</sup> | &nbsp;&nbsp; 8359 | 7737214 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.55%, 09/18/31, (1-day SOFR + 3.04%)<sup>(b)</sup> | &nbsp;&nbsp; $9893 | $9498627 |
| 4.47%, 12/10/31, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 6092 | 6122655 |
| 4.73%, 02/06/32, (1-day SOFR + 1.14%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 4496 | 4533632 |
| 5.00%, 09/11/30, (1-day SOFR + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 4248 | 4337709 |
| 5.30%, 05/09/31, (1-day SOFR + 1.72%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5647 | 5826661 |
| 5.40%, 09/11/35, (1-day SOFR + 2.05%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 9034 | 9250404 |
| 5.41%, 05/10/29 | &nbsp;&nbsp; 4703 | 4899750 |
| Fifth Third Bancorp |  |  |
| 4.57%, 04/29/32, (1-day SOFR + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 7040 | 7074821 |
| 4.77%, 07/28/30, (1-day SOFR + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 3102 | 3152416 |
| 4.90%, 09/06/30, (1-day SOFR + 1.49%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 7570 | 7726439 |
| 5.14%, 01/29/37, (1-day SOFR + 1.24%)<sup>(b)</sup> | &nbsp;&nbsp; 8451 | 8510681 |
| 5.63%, 01/29/32, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 9445 | 9948054 |
| 8.25%, 03/01/38 | &nbsp;&nbsp; 2961 | 3668402 |
| Goldman Sachs Capital I, 6.35%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6386 | 6857780 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 1.99%, 01/27/32, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 25300 | 22622501 |
| 2.38%, 07/21/32, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 37146 | 33493040 |
| 2.60%, 02/07/30 | &nbsp;&nbsp; 25250 | 23855018 |
| 2.62%, 04/22/32, (1-day SOFR + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 22849 | 20964766 |
| 2.65%, 10/21/32, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 29049 | 26436844 |
| 2.91%, 07/21/42, (1-day SOFR + 1.47%)<sup>(b)</sup> | &nbsp;&nbsp; 15146 | 11182277 |
| 3.10%, 02/24/33, (1-day SOFR + 1.41%)<sup>(b)</sup> | &nbsp;&nbsp; 37116 | 34367096 |
| 3.21%, 04/22/42, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 19188 | 14785492 |
| 3.44%, 02/24/43, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 15335 | 12052404 |
| 3.80%, 03/15/30 | &nbsp;&nbsp; 20125 | 19920584 |
| 4.02%, 10/31/38, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(b)</sup><br>| &nbsp;&nbsp; 16864 | 15227897 |
| 4.37%, 10/21/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 24657 | 24660134 |
| 4.41%, 04/23/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 12603 | 11738700 |
| 4.52%, 01/21/32, (1-day SOFR + 0.96%)<sup>(b)</sup> | &nbsp;&nbsp; 50493 | 50762072 |
| 4.69%, 10/23/30, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 16633 | 16889822 |
| 4.75%, 10/21/45 | &nbsp;&nbsp; 16482 | 14932898 |
| 4.80%, 07/08/44 | &nbsp;&nbsp; 15200 | 14053415 |
| 4.94%, 10/21/36, (1-day SOFR + 1.33%)<sup>(b)</sup> | &nbsp;&nbsp; 34444 | 34274084 |
| 5.02%, 10/23/35, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 28696 | 28956175 |
| 5.05%, 07/23/30, (1-day SOFR + 1.21%)<sup>(b)</sup> | &nbsp;&nbsp; 26376 | 27041316 |
| 5.07%, 01/21/37, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 37138 | 37390553 |
| 5.15%, 05/22/45 | &nbsp;&nbsp; 14936 | 14068959 |
| 5.21%, 01/28/31, (1-day SOFR + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 14531 | 15031020 |
| 5.22%, 04/23/31, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 21493 | 22218821 |
| 5.33%, 07/23/35, (1-day SOFR + 1.55%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 22920 | 23633206 |
| 5.54%, 01/28/36, (1-day SOFR + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; 20271 | 21168748 |
| 5.54%, 01/21/47, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 39358 | 39094660 |
| 5.56%, 11/19/45, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 20756 | 20762418 |
| 5.73%, 04/25/30, (1-day SOFR + 1.27%)<sup>(b)</sup> | &nbsp;&nbsp; 15604 | 16306703 |
| 5.73%, 01/28/56, (1-day SOFR + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 23293 | 23617935 |
| 5.85%, 04/25/35, (1-day SOFR + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 23584 | 25146454 |
| 6.13%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 12876 | 14100835 |
| 6.25%, 02/01/41 | &nbsp;&nbsp; 26176 | 28561346 |
| 6.56%, 10/24/34, (1-day SOFR + 1.95%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 9653 | 10756350 |
| 6.75%, 10/01/37 | &nbsp;&nbsp; 39362 | 44145707 |
| HSBC Holdings PLC |  |  |
| 2.36%, 08/18/31, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 18565 | 17084631 |
| 2.80%, 05/24/32, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 15625 | 14406670 |
| 2.85%, 06/04/31, (1-day SOFR + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 18206 | 17180367 |
| 2.87%, 11/22/32, (1-day SOFR + 1.41%)<sup>(b)</sup> | &nbsp;&nbsp; 15865 | 14573532 |
| 3.97%, 05/22/30, (3-mo. CME Term SOFR + <br> 1.87%)<sup>(b)</sup><br>| &nbsp;&nbsp; 14157 | 14068958 |
| 4.62%, 11/06/31, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 18992 | 19196717 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.95%, 03/31/30 | &nbsp;&nbsp; $20214 | $20822118 |
| 5.13%, 03/03/31, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 18305 | 18887002 |
| 5.13%, 11/06/36, (1-day SOFR + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 20843 | 21041113 |
| 5.24%, 05/13/31, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 9319 | 9643491 |
| 5.25%, 03/14/44<sup>(a)</sup> | &nbsp;&nbsp; 7859 | 7723465 |
| 5.29%, 11/19/30, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 18985 | 19664581 |
| 5.40%, 08/11/33, (1-day SOFR + 2.87%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 18544 | 19349442 |
| 5.45%, 03/03/36, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 22360 | 23195363 |
| 5.55%, 03/04/30, (1-day SOFR + 1.46%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10563 | 10974979 |
| 5.72%, 03/04/35, (1-day SOFR + 1.78%)<sup>(b)</sup> | &nbsp;&nbsp; 15054 | 16004052 |
| 5.73%, 05/17/32, (1-day SOFR + 1.52%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10746 | 11383347 |
| 5.79%, 05/13/36, (1-day SOFR + 1.88%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 18865 | 20029908 |
| 6.10%, 01/14/42<sup>(a)</sup> | &nbsp;&nbsp; 2789 | 3042769 |
| 6.25%, 03/09/34, (1-day SOFR + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 20537 | 22443914 |
| 6.33%, 03/09/44, (1-day SOFR + 2.65%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 20181 | 22265265 |
| 6.50%, 05/02/36 | &nbsp;&nbsp; 3819 | 4275417 |
| 6.50%, 09/15/37<sup>(a)</sup> | &nbsp;&nbsp; 16710 | 18438188 |
| 6.80%, 06/01/38<sup>(a)</sup> | &nbsp;&nbsp; 4002 | 4576222 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.55%, 02/04/30 | &nbsp;&nbsp; 4776 | 4490841 |
| 4.62%, 01/28/32, (1-day SOFR + 0.99%)<sup>(b)</sup> | &nbsp;&nbsp; 9968 | 10055483 |
| 5.27%, 01/15/31, (1-day SOFR + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 10961 | 11337069 |
| 5.71%, 02/02/35, (1-day SOFR Index + <br> 1.87%)<sup>(b)</sup><br>| &nbsp;&nbsp; 3775 | 3969983 |
| Huntington National Bank (The), 5.65%, <br> 01/10/30<sup>(a)</sup><br>| &nbsp;&nbsp; 3846 | 4050248 |
| ING Groep NV |  |  |
| 2.73%, 04/01/32, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 14158 | 13164257 |
| 4.05%, 04/09/29 | &nbsp;&nbsp; 3979 | 3982189 |
| 4.25%, 03/28/33, (1-day SOFR + 2.07%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 15110 | 14965356 |
| 5.07%, 03/25/31, (1-day SOFR Index + <br> 1.23%)<sup>(b)</sup><br>| &nbsp;&nbsp; 9315 | 9610356 |
| 5.34%, 03/19/30, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 4876 | 5051384 |
| 5.53%, 03/25/36, (1-day SOFR + 1.61%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 4193 | 4393978 |
| 5.55%, 03/19/35, (1-day SOFR + 1.77%)<sup>(b)</sup> | &nbsp;&nbsp; 8667 | 9085423 |
| 6.11%, 09/11/34, (1-day SOFR + 2.09%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 6545 | 7134797 |
| JPMorgan Chase & Co. |  |  |
| 1.76%, 11/19/31, (3-mo. CME Term SOFR + <br> 1.11%)<sup>(b)</sup><br>| &nbsp;&nbsp; 12365 | 11069963 |
| 1.95%, 02/04/32, (1-day SOFR + 1.07%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 38641 | 34667662 |
| 2.52%, 04/22/31, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 23125 | 21687647 |
| 2.53%, 11/19/41, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(b)</sup><br>| &nbsp;&nbsp; 17893 | 13059929 |
| 2.55%, 11/08/32, (1-day SOFR + 1.18%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 29828 | 27154755 |
| 2.58%, 04/22/32, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 39151 | 36109801 |
| 2.74%, 10/15/30, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(b)</sup><br>| &nbsp;&nbsp; 24012 | 22950293 |
| 2.96%, 01/25/33, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 30366 | 28133385 |
| 3.11%, 04/22/41, (3-mo. CME Term SOFR + <br> 2.46%)<sup>(b)</sup><br>| &nbsp;&nbsp; 15186 | 12033195 |
| 3.11%, 04/22/51, (1-day SOFR + 2.44%)<sup>(b)</sup> | &nbsp;&nbsp; 22621 | 15566910 |
| 3.16%, 04/22/42, (3-mo. CME Term SOFR + <br> 1.46%)<sup>(b)</sup><br>| &nbsp;&nbsp; 16090 | 12604394 |
| 3.33%, 04/22/52, (1-day SOFR + 1.58%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 29217 | 20841275 |
| 3.70%, 05/06/30, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 18806 | 18605359 |
| 3.88%, 07/24/38, (3-mo. CME Term SOFR + <br> 1.62%)<sup>(b)</sup><br>| &nbsp;&nbsp; 20476 | 18523626 |
| 3.90%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.48%)<sup>(b)</sup><br>| &nbsp;&nbsp; 17892 | 14388857 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.96%, 11/15/48, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; $29492 | $24037104 |
| 4.03%, 07/24/48, (3-mo. CME Term SOFR + <br> 1.72%)<sup>(b)</sup><br>| &nbsp;&nbsp; 12889 | 10653964 |
| 4.26%, 10/22/31, (1-day SOFR + 0.93%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 17843 | 17875927 |
| 4.26%, 02/22/48, (3-mo. CME Term SOFR + <br> 1.84%)<sup>(b)</sup><br>| &nbsp;&nbsp; 16043 | 13825009 |
| 4.35%, 01/22/32, (1-day SOFR + 0.84%)<sup>(b)</sup> | &nbsp;&nbsp; 23395 | 23498549 |
| 4.49%, 03/24/31, (3-mo. CME Term SOFR + <br> 3.79%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 19311 | 19564613 |
| 4.57%, 06/14/30, (1-day SOFR + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 14445 | 14663749 |
| 4.59%, 04/26/33, (1-day SOFR + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 20530 | 20731572 |
| 4.60%, 10/22/30, (1-day SOFR + 1.04%)<sup>(b)</sup> | &nbsp;&nbsp; 22398 | 22792980 |
| 4.81%, 10/22/36, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 28200 | 28119695 |
| 4.85%, 02/01/44<sup>(a)</sup> | &nbsp;&nbsp; 11635 | 11156577 |
| 4.90%, 01/22/37, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 26033 | 26160851 |
| 4.91%, 07/25/33, (1-day SOFR + 2.08%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 38660 | 39628112 |
| 4.95%, 10/22/35, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 23997 | 24340133 |
| 4.95%, 06/01/45<sup>(a)</sup> | &nbsp;&nbsp; 12454 | 11812964 |
| 5.00%, 07/22/30, (1-day SOFR + 1.13%)<sup>(b)</sup> | &nbsp;&nbsp; 24196 | 24902758 |
| 5.10%, 04/22/31, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 15145 | 15693045 |
| 5.14%, 01/24/31, (1-day SOFR + 1.01%)<sup>(b)</sup> | &nbsp;&nbsp; 19646 | 20361702 |
| 5.29%, 07/22/35, (1-day SOFR + 1.46%)<sup>(b)</sup> | &nbsp;&nbsp; 25654 | 26613626 |
| 5.34%, 01/23/35, (1-day SOFR + 1.62%)<sup>(b)</sup> | &nbsp;&nbsp; 19799 | 20610599 |
| 5.35%, 06/01/34, (1-day SOFR + 1.85%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 34726 | 36307259 |
| 5.40%, 01/06/42 | &nbsp;&nbsp; 14041 | 14358707 |
| 5.50%, 01/24/36, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 19094 | 20060242 |
| 5.50%, 10/15/40<sup>(a)</sup> | &nbsp;&nbsp; 11725 | 12366177 |
| 5.53%, 11/29/45, (1-day SOFR + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 19047 | 19431989 |
| 5.57%, 04/22/36, (1-day SOFR + 1.68%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 26228 | 27695480 |
| 5.58%, 04/22/30, (1-day SOFR + 1.16%)<sup>(b)</sup> | &nbsp;&nbsp; 14514 | 15149183 |
| 5.60%, 07/15/41<sup>(a)</sup> | &nbsp;&nbsp; 16108 | 16868222 |
| 5.63%, 08/16/43<sup>(a)</sup> | &nbsp;&nbsp; 10370 | 10699063 |
| 5.77%, 04/22/35, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 23964 | 25648815 |
| 6.25%, 10/23/34, (1-day SOFR + 1.81%)<sup>(b)</sup> | &nbsp;&nbsp; 25611 | 28167580 |
| 6.40%, 05/15/38 | &nbsp;&nbsp; 18553 | 21074735 |
| KeyBank N.A. |  |  |
| 4.90%, 08/08/32 | &nbsp;&nbsp; 3072 | 3085495 |
| 5.00%, 01/26/33 | &nbsp;&nbsp; 5459 | 5524882 |
| KeyCorp |  |  |
| 2.55%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 9582 | 9110474 |
| 4.79%, 06/01/33, (1-day SOFR Index + <br> 2.06%)<sup>(b)</sup><br>| &nbsp;&nbsp; 4003 | 4022367 |
| 5.31%, 01/28/37, (1-day SOFR + 1.37%)<sup>(b)</sup> | &nbsp;&nbsp; 7182 | 7232018 |
| 6.40%, 03/06/35, (1-day SOFR + 2.42%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 3840 | 4181753 |
| Lloyds Banking Group PLC |  |  |
| 4.34%, 01/09/48<sup>(a)</sup> | &nbsp;&nbsp; 5133 | 4333505 |
| 4.43%, 11/04/31, (1-year CMT + 0.82%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 18038 | 18108265 |
| 4.94%, 11/04/36, (1-year CMT + 0.97%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 13604 | 13533948 |
| 4.98%, 08/11/33, (1-year CMT + 2.30%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 18873 | 19323640 |
| 5.30%, 12/01/45<sup>(a)</sup> | &nbsp;&nbsp; 3382 | 3249190 |
| 5.59%, 11/26/35, (1-year CMT + 1.20%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 8960 | 9415232 |
| 5.67%, 02/10/47, (1-year CMT + 0.82%)<sup>(b)</sup> | &nbsp;&nbsp; 9390 | 9446437 |
| 5.68%, 01/05/35, (1-year CMT + 1.75%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 13667 | 14461761 |
| 5.72%, 06/05/30, (1-year CMT + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 9883 | 10379804 |
| M&T Bank Corp. |  |  |
| 5.05%, 01/27/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 2988 | 3034756 |
| 5.18%, 07/08/31, (1-day SOFR + 1.40%)<sup>(b)</sup> | &nbsp;&nbsp; 10629 | 10962632 |
| 5.39%, 01/16/36, (1-day SOFR + 1.61%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 2579 | 2645068 |
| 6.08%, 03/13/32, (1-day SOFR + 2.26%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 3778 | 4042748 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 2.05%, 07/17/30 | &nbsp;&nbsp; $7091 | $6512927 |
| 2.31%, 07/20/32, (1-year CMT + 0.95%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 9756 | 8821925 |
| 2.49%, 10/13/32, (1-year CMT + 0.97%)<sup>(b)</sup> | &nbsp;&nbsp; 10372 | 9418237 |
| 2.56%, 02/25/30 | &nbsp;&nbsp; 7907 | 7463409 |
| 2.85%, 01/19/33, (1-year CMT + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 11700 | 10763283 |
| 3.20%, 07/18/29<sup>(a)</sup> | &nbsp;&nbsp; 13022 | 12680171 |
| 3.74%, 03/07/29<sup>(a)</sup> | &nbsp;&nbsp; 6239 | 6215388 |
| 3.75%, 07/18/39<sup>(a)</sup> | &nbsp;&nbsp; 13809 | 12247034 |
| 4.51%, 01/14/32, (1-year CMT + 0.80%)<sup>(b)</sup> | &nbsp;&nbsp; 18015 | 18164762 |
| 4.53%, 09/12/31, (1-year CMT + 0.80%)<sup>(b)</sup> | &nbsp;&nbsp; 14272 | 14438159 |
| 5.06%, 01/14/37, (1-year CMT + 0.90%)<sup>(b)</sup> | &nbsp;&nbsp; 15109 | 15290515 |
| 5.13%, 07/20/33, (1-year CMT + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 14531 | 15084172 |
| 5.16%, 04/24/31, (1-year CMT + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 8362 | 8661901 |
| 5.19%, 09/12/36, (1-year CMT + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 8340 | 8549483 |
| 5.20%, 01/16/31, (1-year CMT + 0.78%)<sup>(b)</sup> | &nbsp;&nbsp; 8330 | 8637722 |
| 5.26%, 04/17/30, (1-year CMT + 0.82%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5558 | 5752607 |
| 5.41%, 04/19/34, (1-year CMT + 1.97%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 4066 | 4280808 |
| 5.43%, 04/17/35, (1-year CMT + 1.00%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 8433 | 8844738 |
| 5.44%, 02/22/34, (1-year CMT + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 8399 | 8847647 |
| 5.47%, 09/13/33, (1-year CMT + 2.13%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 8151 | 8607767 |
| 5.57%, 01/16/36, (1-year CMT + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 7274 | 7681044 |
| 5.62%, 04/24/36, (1-year CMT + 1.27%)<sup>(b)</sup> | &nbsp;&nbsp; 14199 | 14988828 |
| Mizuho Financial Group, Inc. |  |  |
| 1.98%, 09/08/31, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(b)</sup><br>| &nbsp;&nbsp; 12712 | 11545530 |
| 2.20%, 07/10/31, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 13709 | 12614623 |
| 2.56%, 09/13/31<sup>(a)</sup> | &nbsp;&nbsp; 5257 | 4768252 |
| 3.15%, 07/16/30, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10777 | 10460665 |
| 4.71%, 07/08/31, (1-year CMT + 0.92%)<sup>(b)</sup> | &nbsp;&nbsp; 7906 | 8053641 |
| 5.32%, 07/08/36, (1-year CMT + 1.07%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 6828 | 7075238 |
| 5.38%, 05/26/30, (1-year CMT + 1.12%)<sup>(b)</sup> | &nbsp;&nbsp; 5524 | 5741332 |
| 5.38%, 07/10/30, (1-year CMT + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 7783 | 8091584 |
| 5.42%, 05/13/36, (1-year CMT + 0.98%)<sup>(b)</sup> | &nbsp;&nbsp; 6283 | 6568291 |
| 5.58%, 05/26/35, (1-year CMT + 1.30%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 4745 | 5021108 |
| 5.67%, 09/13/33, (1-year CMT + 2.40%)<sup>(b)</sup> | &nbsp;&nbsp; 3933 | 4207201 |
| 5.75%, 05/27/34, (1-year CMT + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 5229 | 5590720 |
| 5.75%, 07/06/34, (1-year CMT + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 7043 | 7527846 |
| Morgan Stanley |  |  |
| 1.79%, 02/13/32, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 31677 | 28035903 |
| 1.93%, 04/28/32, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 21648 | 19196570 |
| 2.24%, 07/21/32, (1-day SOFR + 1.18%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 30807 | 27585728 |
| 2.51%, 10/20/32, (1-day SOFR + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 22214 | 20089278 |
| 2.70%, 01/22/31, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 38523 | 36426640 |
| 2.80%, 01/25/52, (1-day SOFR + 1.43%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 19958 | 12805953 |
| 2.94%, 01/21/33, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 20805 | 19146163 |
| 3.22%, 04/22/42, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 13795 | 10870330 |
| 3.62%, 04/01/31, (1-day SOFR + 3.12%)<sup>(b)</sup> | &nbsp;&nbsp; 19190 | 18749033 |
| 3.97%, 07/22/38<sup>(b)</sup> | &nbsp;&nbsp; 20967 | 19062091 |
| 4.30%, 01/27/45 | &nbsp;&nbsp; 22668 | 19765739 |
| 4.38%, 01/22/47<sup>(a)</sup> | &nbsp;&nbsp; 21143 | 18391575 |
| 4.46%, 04/22/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(b)</sup><br>| &nbsp;&nbsp; 12051 | 11427031 |
| 4.49%, 01/16/32, (1-day SOFR + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 30323 | 30480140 |
| 4.65%, 10/18/30, (1-day SOFR + 1.10%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 25128 | 25526249 |
| 4.89%, 07/20/33, (1-day SOFR + 2.08%)<sup>(b)</sup> | &nbsp;&nbsp; 19798 | 20164134 |
| 5.04%, 07/19/30, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 13364 | 13727469 |
| 5.07%, 01/30/37, (1-day SOFR + 1.18%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 4360 | 4392211 |
| 5.19%, 04/17/31, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 20252 | 20961855 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.23%, 01/15/31, (1-day SOFR + 1.11%)<sup>(b)</sup> | &nbsp;&nbsp; $19996 | $20691827 |
| 5.25%, 04/21/34, (1-day SOFR + 1.87%)<sup>(b)</sup> | &nbsp;&nbsp; 26945 | 27898134 |
| 5.31%, 01/18/41, (5-year CMT + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 5480 | 5448092 |
| 5.32%, 07/19/35, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 23825 | 24646889 |
| 5.42%, 07/21/34, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 19365 | 20220253 |
| 5.47%, 01/18/35, (1-day SOFR + 1.73%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 14672 | 15342584 |
| 5.52%, 11/19/55, (1-day SOFR + 1.71%)<sup>(b)</sup> | &nbsp;&nbsp; 23808 | 23673973 |
| 5.59%, 01/18/36, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 21928 | 23031507 |
| 5.60%, 03/24/51, (1-day SOFR + 4.84%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 13724 | 13881848 |
| 5.66%, 04/18/30, (1-day SOFR + 1.26%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 16080 | 16776978 |
| 5.66%, 04/17/36, (1-day SOFR + 1.76%)<sup>(b)</sup> | &nbsp;&nbsp; 22659 | 23916919 |
| 5.83%, 04/19/35, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 26002 | 27763087 |
| 6.34%, 10/18/33, (1-day SOFR + 2.56%)<sup>(b)</sup> | &nbsp;&nbsp; 24428 | 26847759 |
| 6.38%, 07/24/42 | &nbsp;&nbsp; 17161 | 19173894 |
| 6.63%, 11/01/34, (1-day SOFR + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 14784 | 16590711 |
| 7.25%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 8958 | 10364702 |
| Series I, 4.36%, 10/22/31, (1-day SOFR + <br> 1.07%)<sup>(b)</sup><br>| &nbsp;&nbsp; 24880 | 24880995 |
| Series I, 4.89%, 10/22/36, (1-day SOFR + <br> 1.31%)<sup>(b)</sup><br>| &nbsp;&nbsp; 24839 | 24710600 |
| Morgan Stanley Private Bank N.A. |  |  |
| 4.47%, 11/19/31, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 34613 | 34822080 |
| 4.73%, 07/18/31, (1-day SOFR + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 28738 | 29232420 |
| National Australia Bank Ltd./New York |  |  |
| 4.53%, 06/13/30<sup>(a)</sup> | &nbsp;&nbsp; 1720 | 1762110 |
| 4.90%, 01/14/30 | &nbsp;&nbsp; 1811 | 1876998 |
| National Bank of Canada, 4.50%, 10/10/29 | &nbsp;&nbsp; 2191 | 2224677 |
| NatWest Group PLC |  |  |
| 4.45%, 05/08/30, (3-mo. SOFR US + <br> 2.13%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 9657 | 9736297 |
| 4.96%, 08/15/30, (1-year CMT + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 14737 | 15099882 |
| 5.12%, 05/23/31, (1-year CMT + 1.05%)<sup>(b)</sup> | &nbsp;&nbsp; 9187 | 9475477 |
| 5.78%, 03/01/35, (1-year CMT + 1.50%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5774 | 6133787 |
| 6.02%, 03/02/34, (1-year CMT + 2.10%)<sup>(b)</sup> | &nbsp;&nbsp; 2585 | 2787962 |
| Northern Trust Corp. |  |  |
| 1.95%, 05/01/30 | &nbsp;&nbsp; 2472 | 2282305 |
| 6.13%, 11/02/32 | &nbsp;&nbsp; 2597 | 2839382 |
| PNC Bank N.A., 2.70%, 10/22/29 | &nbsp;&nbsp; 6444 | 6138688 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.31%, 04/23/32, (1-day SOFR + 0.98%)<sup>(b)</sup> | &nbsp;&nbsp; 6022 | 5485576 |
| 2.55%, 01/22/30<sup>(a)</sup> | &nbsp;&nbsp; 15140 | 14341681 |
| 3.45%, 04/23/29<sup>(a)</sup> | &nbsp;&nbsp; 5044 | 4993009 |
| 4.81%, 10/21/32, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 10862 | 11103412 |
| 4.90%, 05/13/31, (1-day SOFR + 1.33%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 11553 | 11862194 |
| 5.07%, 01/24/34, (1-day SOFR + 1.93%)<sup>(b)</sup> | &nbsp;&nbsp; 9407 | 9703841 |
| 5.22%, 01/29/31, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 9659 | 10028616 |
| 5.37%, 07/21/36, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 12447 | 12895320 |
| 5.40%, 07/23/35, (1-day SOFR + 1.60%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 11192 | 11652767 |
| 5.49%, 05/14/30, (1-day SOFR + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 10224 | 10667123 |
| 5.58%, 01/29/36, (1-day SOFR + 1.39%)<sup>(b)</sup> | &nbsp;&nbsp; 12314 | 12952182 |
| 5.68%, 01/22/35, (1-day SOFR + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 10964 | 11624583 |
| 5.94%, 08/18/34, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 7614 | 8223167 |
| 6.04%, 10/28/33, (1-day SOFR Index + <br> 2.14%)<sup>(b)</sup><br>| &nbsp;&nbsp; 10039 | 10886198 |
| 6.88%, 10/20/34, (1-day SOFR + 2.28%)<sup>(b)</sup> | &nbsp;&nbsp; 14771 | 16781828 |
| Regions Financial Corp. |  |  |
| 5.50%, 09/06/35, (1-day SOFR + 2.06%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5734 | 5933734 |
| 5.72%, 06/06/30, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 5372 | 5622503 |
| Royal Bank of Canada |  |  |
| 2.30%, 11/03/31<sup>(a)</sup> | &nbsp;&nbsp; 14718 | 13410316 |
| 3.88%, 05/04/32 | &nbsp;&nbsp; 9271 | 9117882 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.31%, 11/03/31, (1-day SOFR + 0.98%)<sup>(a)(b)</sup> | &nbsp;&nbsp; $10036 | $10097869 |
| 4.65%, 10/18/30, (1-day SOFR Index + <br> 1.08%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5565 | 5671364 |
| 4.70%, 08/06/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 8384 | 8562891 |
| 4.97%, 08/02/30, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 8289 | 8522561 |
| 4.97%, 05/02/31, (1-day SOFR Index + <br> 1.13%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 9344 | 9635174 |
| 5.00%, 02/01/33 | &nbsp;&nbsp; 8542 | 8864975 |
| 5.00%, 05/02/33 | &nbsp;&nbsp; 7004 | 7255074 |
| 5.15%, 02/04/31, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 10785 | 11183759 |
| 5.15%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 8562 | 9008919 |
| Santander Holdings USA, Inc. |  |  |
| 5.35%, 09/06/30, (1-day SOFR + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; 3330 | 3420373 |
| 5.74%, 03/20/31, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 5611 | 5837296 |
| 6.34%, 05/31/35, (1-day SOFR + 2.14%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 6714 | 7223258 |
| Santander U.K. Group Holdings PLC |  |  |
| 4.86%, 09/11/30, (1-day SOFR Index + <br> 1.55%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1974 | 2010072 |
| 5.14%, 09/22/36, (1-day SOFR+ 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 11627 | 11646080 |
| 5.69%, 04/15/31, (1-day SOFR Index + <br> 1.52%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5148 | 5404446 |
| State Street Bank & Trust Co., 4.78%, 11/23/29 | &nbsp;&nbsp; 3801 | 3928235 |
| State Street Corp. |  |  |
| 2.20%, 03/03/31 | &nbsp;&nbsp; 1726 | 1570638 |
| 2.40%, 01/24/30<sup>(a)</sup> | &nbsp;&nbsp; 2626 | 2497178 |
| 4.83%, 04/24/30<sup>(a)</sup> | &nbsp;&nbsp; 5256 | 5419512 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 2.13%, 07/08/30<sup>(a)</sup> | &nbsp;&nbsp; 18348 | 16884690 |
| 2.22%, 09/17/31 | &nbsp;&nbsp; 18135 | 16272516 |
| 2.75%, 01/15/30 | &nbsp;&nbsp; 12630 | 12017290 |
| 2.93%, 09/17/41<sup>(a)</sup> | &nbsp;&nbsp; 2447 | 1845636 |
| 3.04%, 07/16/29 | &nbsp;&nbsp; 12589 | 12189263 |
| 4.49%, 01/15/32, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 13263 | 13373464 |
| 5.05%, 01/15/37, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 7603 | 7684528 |
| 5.24%, 04/15/30 | &nbsp;&nbsp; 9166 | 9553608 |
| 5.32%, 07/09/29 | &nbsp;&nbsp; 8673 | 9019212 |
| 5.42%, 07/09/31 | &nbsp;&nbsp; 10411 | 10970772 |
| 5.56%, 07/09/34<sup>(a)</sup> | &nbsp;&nbsp; 13817 | 14642718 |
| 5.57%, 01/15/47, (1-day SOFR + 1.36%)<sup>(b)</sup> | &nbsp;&nbsp; 8673 | 8803235 |
| 5.63%, 01/15/35 | &nbsp;&nbsp; 7620 | 8143817 |
| 5.71%, 01/13/30 | &nbsp;&nbsp; 13758 | 14533936 |
| 5.77%, 01/13/33 | &nbsp;&nbsp; 19885 | 21350457 |
| 5.81%, 09/14/33<sup>(a)</sup> | &nbsp;&nbsp; 7472 | 8054096 |
| 5.84%, 07/09/44 | &nbsp;&nbsp; 4907 | 5120755 |
| 6.18%, 07/13/43<sup>(a)</sup> | &nbsp;&nbsp; 4175 | 4600880 |
| Toronto-Dominion Bank(The) |  |  |
| 2.00%, 09/10/31<sup>(a)</sup> | &nbsp;&nbsp; 13752 | 12394431 |
| 3.20%, 03/10/32 | &nbsp;&nbsp; 9143 | 8621483 |
| 4.41%, 01/13/31 | &nbsp;&nbsp; 5727 | 5791378 |
| 4.46%, 06/08/32<sup>(a)</sup> | &nbsp;&nbsp; 10118 | 10202106 |
| 4.78%, 12/17/29<sup>(a)</sup> | &nbsp;&nbsp; 5273 | 5426447 |
| 4.81%, 06/03/30 | &nbsp;&nbsp; 10139 | 10415697 |
| 4.93%, 10/15/35 | &nbsp;&nbsp; 8267 | 8325092 |
| 4.99%, 04/05/29 | &nbsp;&nbsp; 1902 | 1959531 |
| 5.30%, 01/30/32<sup>(a)</sup> | &nbsp;&nbsp; 6731 | 7087844 |
| Truist Bank, 2.25%, 03/11/30 | &nbsp;&nbsp; 12992 | 11993838 |
| Truist Financial Corp. |  |  |
| 1.95%, 06/05/30<sup>(a)</sup> | &nbsp;&nbsp; 5541 | 5087705 |
| 4.60%, 01/27/32, (1-day SOFR + 0.97%)<sup>(b)</sup> | &nbsp;&nbsp; 6815 | 6883915 |
| 4.96%, 10/23/36, (1-day SOFR + 1.40%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 6145 | 6135467 |
| 5.07%, 05/20/31, (1-day SOFR + 1.31%)<sup>(b)</sup> | &nbsp;&nbsp; 14627 | 15079609 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.12%, 01/26/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; $13220 | $13550729 |
| 5.15%, 08/05/32, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 8874 | 9203336 |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(b)</sup> | &nbsp;&nbsp; 11131 | 11794027 |
| 5.87%, 06/08/34, (1-day SOFR + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp; 9660 | 10326458 |
| 6.12%, 10/28/33, (1-day SOFR + 2.30%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 7906 | 8583317 |
| U.S. Bancorp |  |  |
| 1.38%, 07/22/30 | &nbsp;&nbsp; 14572 | 13029242 |
| 2.68%, 01/27/33, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 6529 | 5943130 |
| 3.00%, 07/30/29 | &nbsp;&nbsp; 9129 | 8860645 |
| 4.48%, 01/26/32, (1-day SOFR + 0.87%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 9752 | 9857996 |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 10945 | 11104549 |
| 5.03%, 01/26/37, (1-day SOFR + 1.10%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10404 | 10507190 |
| 5.05%, 02/12/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 7937 | 8193642 |
| 5.08%, 05/15/31, (1-day SOFR + 1.30%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 11248 | 11631833 |
| 5.10%, 07/23/30, (1-day SOFR + 1.25%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 9913 | 10255512 |
| 5.42%, 02/12/36, (1-day SOFR + 1.41%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5018 | 5262762 |
| 5.68%, 01/23/35, (1-day SOFR + 1.86%)<sup>(b)</sup> | &nbsp;&nbsp; 12806 | 13580892 |
| 5.84%, 06/12/34, (1-day SOFR + 2.26%)<sup>(b)</sup> | &nbsp;&nbsp; 8520 | 9139536 |
| 5.85%, 10/21/33, (1-day SOFR + 2.09%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 7459 | 8039107 |
| UBS AG/London, 4.50%, 06/26/48<sup>(a)</sup> | &nbsp;&nbsp; 10135 | 8927601 |
| UBS Group AG, 4.88%, 05/15/45<sup>(a)</sup> | &nbsp;&nbsp; 13610 | 12697969 |
| Wachovia Corp., 5.50%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 6141 | 6389871 |
| Wells Fargo & Co. |  |  |
| 2.57%, 02/11/31, (3-mo. CME Term SOFR + <br> 1.26%)<sup>(b)</sup><br>| &nbsp;&nbsp; 17856 | 16805312 |
| 2.88%, 10/30/30, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(b)</sup><br>| &nbsp;&nbsp; 22591 | 21610359 |
| 3.07%, 04/30/41, (1-day SOFR + 2.53%)<sup>(b)</sup> | &nbsp;&nbsp; 20328 | 15849406 |
| 3.35%, 03/02/33, (1-day SOFR + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 38946 | 36552916 |
| 3.90%, 05/01/45 | &nbsp;&nbsp; 18330 | 14983849 |
| 4.40%, 06/14/46 | &nbsp;&nbsp; 15987 | 13490763 |
| 4.48%, 04/04/31, (3-mo. CME Term SOFR + <br> 4.03%)<sup>(b)</sup><br>| &nbsp;&nbsp; 14203 | 14328394 |
| 4.61%, 04/25/53, (1-day SOFR + 2.13%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 29172 | 25156445 |
| 4.65%, 11/04/44 | &nbsp;&nbsp; 14658 | 12890318 |
| 4.75%, 12/07/46 | &nbsp;&nbsp; 16503 | 14641716 |
| 4.89%, 09/15/36, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 19728 | 19769101 |
| 4.90%, 07/25/33, (1-day SOFR + 2.10%)<sup>(b)</sup> | &nbsp;&nbsp; 40186 | 40941850 |
| 4.90%, 11/17/45 | &nbsp;&nbsp; 14531 | 13152685 |
| 4.96%, 01/23/37, (1-day SOFR + 1.10%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 29087 | 29186832 |
| 5.01%, 04/04/51, (3-mo. CME Term SOFR + <br> 4.50%)<sup>(b)</sup><br>| &nbsp;&nbsp; 44062 | 40307001 |
| 5.15%, 04/23/31, (1-day SOFR + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 26787 | 27717513 |
| 5.21%, 12/03/35, (1-day SOFR + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; 21979 | 22539873 |
| 5.24%, 01/24/31, (1-day SOFR + 1.11%)<sup>(b)</sup> | &nbsp;&nbsp; 19288 | 20007982 |
| 5.38%, 11/02/43 | &nbsp;&nbsp; 15752 | 15361790 |
| 5.39%, 04/24/34, (1-day SOFR + 2.02%)<sup>(b)</sup> | &nbsp;&nbsp; 32961 | 34340253 |
| 5.43%, 01/23/47, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 36187 | 35830240 |
| 5.50%, 01/23/35, (1-day SOFR + 1.78%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 26677 | 27917019 |
| 5.56%, 07/25/34, (1-day SOFR + 1.99%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 34614 | 36394267 |
| 5.61%, 04/23/36, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 17962 | 18726712 |
| 5.61%, 01/15/44 | &nbsp;&nbsp; 18785 | 18714596 |
| 6.49%, 10/23/34, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 31824 | 35322072 |
| Wells Fargo Bank NA |  |  |
| 5.85%, 02/01/37<sup>(a)</sup> | &nbsp;&nbsp; 4441 | 4727224 |
| 6.60%, 01/15/38 | &nbsp;&nbsp; 6698 | 7565535 |
| Westpac Banking Corp. |  |  |
| 2.15%, 06/03/31 | &nbsp;&nbsp; 8957 | 8187793 |
| 2.65%, 01/16/30 | &nbsp;&nbsp; 7139 | 6833180 |
| 2.96%, 11/16/40 | &nbsp;&nbsp; 10941 | 8545486 |
| 3.13%, 11/18/41<sup>(a)</sup> | &nbsp;&nbsp; 1924 | 1482483 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.35%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; $7567 | $7702646 |
| 4.42%, 07/24/39 | &nbsp;&nbsp; 7593 | 7105379 |
| 5.05%, 04/16/29 | &nbsp;&nbsp; 5686 | 5904139 |
| 6.82%, 11/17/33 | &nbsp;&nbsp; 9424 | 10621258 |
|  |  | 7184581594 |
| **Beverages — 2.0%** | **Beverages — 2.0%** | **Beverages — 2.0%** |
| Anheuser-Busch <br> Companies LLC/Anheuser-Busch InBev <br> Worldwide, Inc.<br>|  |  |
| 4.70%, 02/01/36 | &nbsp;&nbsp; 42495 | 42557302 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 69211 | 64990963 |
| Anheuser-Busch InBev Finance, Inc., 4.90%, <br> 02/01/46<br>| &nbsp;&nbsp; 13483 | 12642512 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.50%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 14458 | 14229206 |
| 4.44%, 10/06/48 | &nbsp;&nbsp; 16386 | 14342412 |
| 4.50%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 10823 | 10000396 |
| 4.90%, 01/23/31 | &nbsp;&nbsp; 6129 | 6384643 |
| 4.95%, 01/15/42 | &nbsp;&nbsp; 15217 | 14757996 |
| 5.00%, 06/15/34 | &nbsp;&nbsp; 9747 | 10138239 |
| 5.45%, 01/23/39 | &nbsp;&nbsp; 10924 | 11451053 |
| 5.55%, 01/23/49 | &nbsp;&nbsp; 31771 | 31961693 |
| 5.80%, 01/23/59<sup>(a)</sup> | &nbsp;&nbsp; 12365 | 12874301 |
| 8.20%, 01/15/39<sup>(a)</sup> | &nbsp;&nbsp; 10105 | 13169707 |
| Coca-Cola Co.(The) |  |  |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 10421 | 9247915 |
| 1.65%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 7203 | 6598491 |
| 2.00%, 03/05/31 | &nbsp;&nbsp; 8387 | 7683971 |
| 2.13%, 09/06/29<sup>(a)</sup> | &nbsp;&nbsp; 8080 | 7673413 |
| 2.25%, 01/05/32 | &nbsp;&nbsp; 11149 | 10162138 |
| 2.50%, 06/01/40 | &nbsp;&nbsp; 8049 | 6107436 |
| 2.50%, 03/15/51 | &nbsp;&nbsp; 11375 | 7003630 |
| 2.60%, 06/01/50 | &nbsp;&nbsp; 11444 | 7273590 |
| 2.75%, 06/01/60 | &nbsp;&nbsp; 9001 | 5400698 |
| 2.88%, 05/05/41<sup>(a)</sup> | &nbsp;&nbsp; 4602 | 3602574 |
| 3.00%, 03/05/51<sup>(a)</sup> | &nbsp;&nbsp; 14533 | 9878863 |
| 3.45%, 03/25/30<sup>(a)</sup> | &nbsp;&nbsp; 6731 | 6652417 |
| 4.65%, 08/14/34<sup>(a)</sup> | &nbsp;&nbsp; 5918 | 6112750 |
| 5.00%, 05/13/34<sup>(a)</sup> | &nbsp;&nbsp; 8073 | 8503216 |
| 5.20%, 01/14/55<sup>(a)</sup> | &nbsp;&nbsp; 11602 | 11368323 |
| 5.30%, 05/13/54 | &nbsp;&nbsp; 8358 | 8297419 |
| 5.40%, 05/13/64<sup>(a)</sup> | &nbsp;&nbsp; 13763 | 13602416 |
| Constellation Brands, Inc. |  |  |
| 2.25%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp; 9851 | 8855446 |
| 3.15%, 08/01/29 | &nbsp;&nbsp; 5851 | 5682022 |
| 4.90%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp; 5473 | 5573020 |
| Diageo Capital PLC |  |  |
| 2.00%, 04/29/30 | &nbsp;&nbsp; 12590 | 11608642 |
| 2.13%, 04/29/32 | &nbsp;&nbsp; 5782 | 5090863 |
| 2.38%, 10/24/29 | &nbsp;&nbsp; 9631 | 9123399 |
| 5.50%, 01/24/33 | &nbsp;&nbsp; 5279 | 5600641 |
| 5.63%, 10/05/33<sup>(a)</sup> | &nbsp;&nbsp; 5642 | 6046429 |
| Diageo Investment Corp. |  |  |
| 5.13%, 08/15/30 | &nbsp;&nbsp; 7338 | 7632537 |
| 5.63%, 04/15/35 | &nbsp;&nbsp; 4824 | 5137561 |
| Keurig Dr Pepper, Inc. |  |  |
| 3.20%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6208 | 5945872 |
| 3.80%, 05/01/50 | &nbsp;&nbsp; 5610 | 4142702 |
| 3.95%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6030 | 5992771 |
| 4.05%, 04/15/32 | &nbsp;&nbsp; 6666 | 6484495 |
| 4.50%, 04/15/52<sup>(a)</sup> | &nbsp;&nbsp; 7615 | 6281761 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 5.05%, 03/15/29 | &nbsp;&nbsp; $2867 | $2937976 |
| Molson Coors Beverage Co. |  |  |
| 4.20%, 07/15/46 | &nbsp;&nbsp; 10008 | 8124539 |
| 5.00%, 05/01/42<sup>(a)</sup> | &nbsp;&nbsp; 5836 | 5449420 |
| PepsiCo, Inc. |  |  |
| 1.40%, 02/25/31<sup>(a)</sup> | &nbsp;&nbsp; 6157 | 5469733 |
| 1.63%, 05/01/30 | &nbsp;&nbsp; 8684 | 7944747 |
| 1.95%, 10/21/31<sup>(a)</sup> | &nbsp;&nbsp; 6240 | 5603446 |
| 2.63%, 07/29/29<sup>(a)</sup> | &nbsp;&nbsp; 8024 | 7730111 |
| 2.63%, 10/21/41 | &nbsp;&nbsp; 6898 | 5123580 |
| 2.75%, 03/19/30 | &nbsp;&nbsp; 7894 | 7568914 |
| 2.75%, 10/21/51 | &nbsp;&nbsp; 11023 | 7096067 |
| 2.88%, 10/15/49 | &nbsp;&nbsp; 8723 | 5889825 |
| 3.45%, 10/06/46<sup>(a)</sup> | &nbsp;&nbsp; 8260 | 6414086 |
| 3.63%, 03/19/50 | &nbsp;&nbsp; 10543 | 8150278 |
| 3.90%, 07/18/32 | &nbsp;&nbsp; 8612 | 8534670 |
| 4.45%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 8052 | 8266282 |
| 4.45%, 04/14/46<sup>(a)</sup> | &nbsp;&nbsp; 9412 | 8518636 |
| 4.50%, 07/17/29 | &nbsp;&nbsp; 6849 | 7008860 |
| 4.60%, 02/07/30<sup>(a)</sup> | &nbsp;&nbsp; 6568 | 6751625 |
| 4.65%, 07/23/32 | &nbsp;&nbsp; 6832 | 7035852 |
| 5.00%, 02/07/35 | &nbsp;&nbsp; 6476 | 6705292 |
| 5.00%, 07/23/35 | &nbsp;&nbsp; 8788 | 9096013 |
| 5.25%, 07/17/54<sup>(a)</sup> | &nbsp;&nbsp; 7821 | 7779180 |
|  |  | 647066976 |
| **Biotechnology — 1.7%** | **Biotechnology — 1.7%** | **Biotechnology — 1.7%** |
| Amgen, Inc. |  |  |
| 2.00%, 01/15/32 | &nbsp;&nbsp; 17580 | 15531517 |
| 2.30%, 02/25/31<sup>(a)</sup> | &nbsp;&nbsp; 10321 | 9469792 |
| 2.45%, 02/21/30<sup>(a)</sup> | &nbsp;&nbsp; 10103 | 9521011 |
| 2.77%, 09/01/53 | &nbsp;&nbsp; 10068 | 6144224 |
| 2.80%, 08/15/41 | &nbsp;&nbsp; 6907 | 5176775 |
| 3.00%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 14451 | 9586621 |
| 3.15%, 02/21/40 | &nbsp;&nbsp; 13276 | 10660737 |
| 3.35%, 02/22/32 | &nbsp;&nbsp; 16606 | 15822884 |
| 3.38%, 02/21/50 | &nbsp;&nbsp; 18736 | 13657540 |
| 4.05%, 08/18/29 | &nbsp;&nbsp; 10118 | 10164742 |
| 4.20%, 02/19/31<sup>(a)</sup> | &nbsp;&nbsp; 10338 | 10351346 |
| 4.20%, 03/01/33 | &nbsp;&nbsp; 6025 | 5953464 |
| 4.20%, 02/22/52 | &nbsp;&nbsp; 7568 | 6131459 |
| 4.40%, 05/01/45 | &nbsp;&nbsp; 20005 | 17484186 |
| 4.40%, 02/22/62 | &nbsp;&nbsp; 11912 | 9551367 |
| 4.56%, 06/15/48<sup>(a)</sup> | &nbsp;&nbsp; 15785 | 13774051 |
| 4.66%, 06/15/51 | &nbsp;&nbsp; 33092 | 28863319 |
| 4.85%, 02/19/36 | &nbsp;&nbsp; 5509 | 5531792 |
| 4.88%, 03/01/53<sup>(a)</sup> | &nbsp;&nbsp; 12022 | 10731729 |
| 5.25%, 03/02/30<sup>(a)</sup> | &nbsp;&nbsp; 14111 | 14711012 |
| 5.25%, 03/02/33<sup>(a)</sup> | &nbsp;&nbsp; 21990 | 23018558 |
| 5.60%, 03/02/43<sup>(a)</sup> | &nbsp;&nbsp; 18388 | 18759690 |
| 5.65%, 03/02/53<sup>(a)</sup> | &nbsp;&nbsp; 26826 | 26783486 |
| 5.65%, 02/19/56 | &nbsp;&nbsp; 3251 | 3239368 |
| 5.75%, 03/02/63 | &nbsp;&nbsp; 20098 | 19886203 |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/30 | &nbsp;&nbsp; 7489 | 6942136 |
| 3.15%, 05/01/50 | &nbsp;&nbsp; 10574 | 6957131 |
| 5.20%, 09/15/45 | &nbsp;&nbsp; 7880 | 7366347 |
| Gilead Sciences, Inc. |  |  |
| 1.65%, 10/01/30 | &nbsp;&nbsp; 7872 | 7115731 |
| 2.60%, 10/01/40<sup>(a)</sup> | &nbsp;&nbsp; 12364 | 9249233 |
| 2.80%, 10/01/50<sup>(a)</sup> | &nbsp;&nbsp; 18907 | 12157725 |
| 4.00%, 09/01/36 | &nbsp;&nbsp; 9439 | 8897621 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology (continued)** | **Biotechnology (continued)** | **Biotechnology (continued)** |
| 4.15%, 03/01/47 | &nbsp;&nbsp; $14825 | $12469761 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 13862 | 12391583 |
| 4.60%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 7542 | 7532349 |
| 4.75%, 03/01/46<sup>(a)</sup> | &nbsp;&nbsp; 20090 | 18383712 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 6028 | 6207806 |
| 4.80%, 04/01/44 | &nbsp;&nbsp; 15510 | 14489875 |
| 5.10%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8098 | 8375088 |
| 5.25%, 10/15/33 | &nbsp;&nbsp; 5464 | 5760626 |
| 5.50%, 11/15/54 | &nbsp;&nbsp; 9020 | 8983475 |
| 5.55%, 10/15/53<sup>(a)</sup> | &nbsp;&nbsp; 7905 | 7940964 |
| 5.60%, 11/15/64 | &nbsp;&nbsp; 5574 | 5567490 |
| 5.65%, 12/01/41 | &nbsp;&nbsp; 9584 | 10035458 |
| Regeneron Pharmaceuticals, Inc. |  |  |
| 1.75%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5479 | 4937548 |
| 2.80%, 09/15/50 | &nbsp;&nbsp; 3034 | 1880863 |
| Royalty Pharma PLC |  |  |
| 2.20%, 09/02/30 | &nbsp;&nbsp; 6807 | 6246033 |
| 3.30%, 09/02/40 | &nbsp;&nbsp; 6758 | 5334818 |
| 3.55%, 09/02/50<sup>(a)</sup> | &nbsp;&nbsp; 5667 | 4009147 |
| 5.20%, 09/25/35<sup>(a)</sup> | &nbsp;&nbsp; 12215 | 12408335 |
|  |  | 532147728 |
| **Building Materials — 0.5%** | **Building Materials — 0.5%** | **Building Materials — 0.5%** |
| Amrize Finance U.S. LLC |  |  |
| 4.95%, 04/07/30 | &nbsp;&nbsp; 8352 | 8586604 |
| 5.40%, 04/07/35<sup>(a)</sup> | &nbsp;&nbsp; 7319 | 7647027 |
| Carlisle Companies, Inc., 2.75%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5980 | 5682540 |
| Carrier Global Corp. |  |  |
| 2.70%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 7077 | 6621642 |
| 2.72%, 02/15/30 | &nbsp;&nbsp; 15422 | 14648062 |
| 3.38%, 04/05/40 | &nbsp;&nbsp; 7593 | 6218855 |
| 3.58%, 04/05/50 | &nbsp;&nbsp; 8079 | 6050084 |
| 5.90%, 03/15/34 | &nbsp;&nbsp; 8620 | 9320076 |
| CRH America Finance, Inc. |  |  |
| 4.40%, 02/09/31<sup>(a)</sup> | &nbsp;&nbsp; 11150 | 11229224 |
| 5.00%, 02/09/36<sup>(a)</sup> | &nbsp;&nbsp; 10965 | 11100886 |
| 5.40%, 05/21/34<sup>(a)</sup> | &nbsp;&nbsp; 9411 | 9853280 |
| 5.50%, 01/09/35 | &nbsp;&nbsp; 9115 | 9595958 |
| CRH SMW Finance DAC |  |  |
| 5.13%, 01/09/30 | &nbsp;&nbsp; 10099 | 10450474 |
| 5.20%, 05/21/29 | &nbsp;&nbsp; 3443 | 3567695 |
| Martin Marietta Materials, Inc. |  |  |
| 2.40%, 07/15/31 | &nbsp;&nbsp; 10934 | 9953670 |
| 3.20%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 5477 | 3729795 |
| 5.15%, 12/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5446 | 5617070 |
| 5.50%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 4536 | 4446687 |
| Owens Corning, 5.70%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5566 | 5902235 |
| Trane Technologies Financing Ltd., 3.80%, <br> 03/21/29<br>| &nbsp;&nbsp; 5625 | 5625443 |
| Vulcan Materials Co. |  |  |
| 3.50%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5592 | 5465215 |
| 5.35%, 12/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5306 | 5540130 |
| 5.70%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 3504 | 3531762 |
|  |  | 170384414 |
| **Chemicals — 0.7%** | **Chemicals — 0.7%** | **Chemicals — 0.7%** |
| Air Products and Chemicals, Inc. |  |  |
| 2.05%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 12974 | 12020534 |
| 2.70%, 05/15/40 | &nbsp;&nbsp; 12319 | 9416044 |
| 2.80%, 05/15/50 | &nbsp;&nbsp; 5477 | 3583188 |
| 4.85%, 02/08/34<sup>(a)</sup> | &nbsp;&nbsp; 7811 | 8019293 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| CF Industries, Inc. |  |  |
| 4.95%, 06/01/43 | &nbsp;&nbsp; $4652 | $4256338 |
| 5.15%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 10309 | 10495361 |
| 5.30%, 11/26/35<sup>(a)</sup> | &nbsp;&nbsp; 9473 | 9629016 |
| 5.38%, 03/15/44<sup>(a)</sup> | &nbsp;&nbsp; 5546 | 5306393 |
| Dow Chemical Co.(The) |  |  |
| 2.10%, 11/15/30 | &nbsp;&nbsp; 8294 | 7389349 |
| 3.60%, 11/15/50 | &nbsp;&nbsp; 8320 | 5392198 |
| 4.38%, 11/15/42<sup>(a)</sup> | &nbsp;&nbsp; 9885 | 7816025 |
| 4.80%, 01/15/31 | &nbsp;&nbsp; 12726 | 12703359 |
| 5.55%, 11/30/48 | &nbsp;&nbsp; 7272 | 6352127 |
| 6.90%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 6687 | 6855892 |
| DuPont de Nemours, Inc. |  |  |
| 5.32%, 11/15/38 | &nbsp;&nbsp; 7557 | 7662804 |
| 5.42%, 11/15/48 | &nbsp;&nbsp; 6504 | 6259494 |
| Eastman Chemical Co. |  |  |
| 4.65%, 10/15/44<sup>(a)</sup> | &nbsp;&nbsp; 6867 | 5950657 |
| 5.00%, 08/01/29 | &nbsp;&nbsp; 5667 | 5815860 |
| 5.63%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 6392 | 6668862 |
| Ecolab, Inc., 2.70%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 7367 | 4623319 |
| LYB International Finance BV |  |  |
| 4.88%, 03/15/44<sup>(a)</sup> | &nbsp;&nbsp; 8226 | 6871366 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 6549 | 5728139 |
| LYB International Finance III LLC |  |  |
| 3.38%, 10/01/40 | &nbsp;&nbsp; 12759 | 9423445 |
| 3.63%, 04/01/51<sup>(a)</sup> | &nbsp;&nbsp; 8434 | 5491453 |
| 4.20%, 10/15/49 | &nbsp;&nbsp; 8727 | 6323832 |
| 4.20%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 5593 | 4028184 |
| 5.50%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 9851 | 9921478 |
| 5.88%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 5755 | 5806123 |
| LyondellBasell Industries NV, 4.63%, <br> 02/26/55<sup>(a)</sup><br>| &nbsp;&nbsp; 8720 | 6713027 |
| Nutrien Ltd. |  |  |
| 4.20%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 4236 | 4254232 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 5412 | 4957375 |
| 5.80%, 03/27/53<sup>(a)</sup> | &nbsp;&nbsp; 5292 | 5381950 |
| Sherwin-Williams Co.(The) |  |  |
| 2.95%, 08/15/29 | &nbsp;&nbsp; 8496 | 8208990 |
| 4.50%, 06/01/47<sup>(a)</sup> | &nbsp;&nbsp; 8985 | 7768475 |
|  |  | 237094182 |
| **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** |
| Automatic Data Processing, Inc. |  |  |
| 1.25%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3364 | 3000486 |
| 4.45%, 09/09/34<sup>(a)</sup> | &nbsp;&nbsp; 5349 | 5343303 |
| 4.75%, 05/08/32 | &nbsp;&nbsp; 9796 | 10094201 |
| Equifax, Inc., 2.35%, 09/15/31 | &nbsp;&nbsp; 6103 | 5463276 |
| Global Payments, Inc. |  |  |
| 2.90%, 05/15/30 | &nbsp;&nbsp; 9095 | 8465270 |
| 2.90%, 11/15/31 | &nbsp;&nbsp; 9487 | 8535540 |
| 3.20%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 12800 | 12276383 |
| 4.15%, 08/15/49 | &nbsp;&nbsp; 2108 | 1574207 |
| 4.88%, 11/15/30 | &nbsp;&nbsp; 14609 | 14572228 |
| 5.20%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10624 | 10670587 |
| 5.40%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10112 | 10288073 |
| 5.55%, 11/15/35 | &nbsp;&nbsp; 14730 | 14641334 |
| 5.95%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 4329 | 4103020 |
| Massachusetts Institute of Technology |  |  |
| 5.60%, 07/01/2111<sup>(a)</sup> | &nbsp;&nbsp; 3509 | 3614235 |
| 5.62%, 06/01/55<sup>(a)</sup> | &nbsp;&nbsp; 2886 | 3065621 |
| PayPal Holdings, Inc. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 11736 | 10957678 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 2.85%, 10/01/29 | &nbsp;&nbsp; $8749 | $8433207 |
| 3.25%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 6949 | 4755239 |
| 4.40%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 10799 | 10822278 |
| 5.05%, 06/01/52<sup>(a)</sup> | &nbsp;&nbsp; 7203 | 6462864 |
| 5.15%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 7487 | 7616136 |
| President and Fellows of Harvard College, <br> 4.61%, 02/15/35<sup>(a)</sup><br>| &nbsp;&nbsp; 4100 | 4181314 |
| Quanta Services, Inc., 2.90%, 10/01/30 | &nbsp;&nbsp; 9168 | 8664234 |
| RELX Capital, Inc. |  |  |
| 3.00%, 05/22/30 | &nbsp;&nbsp; 5787 | 5525565 |
| 4.00%, 03/18/29 | &nbsp;&nbsp; 2459 | 2455875 |
| 4.75%, 03/27/30<sup>(a)</sup> | &nbsp;&nbsp; 8068 | 8219643 |
| 5.25%, 03/27/35<sup>(a)</sup> | &nbsp;&nbsp; 2454 | 2524077 |
| S&P Global, Inc. |  |  |
| 2.70%, 03/01/29 | &nbsp;&nbsp; 3705 | 3581154 |
| 2.90%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 10613 | 9865651 |
| 3.70%, 03/01/52 | &nbsp;&nbsp; 2995 | 2274177 |
| 4.25%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3658 | 3690562 |
| 5.25%, 09/15/33 | &nbsp;&nbsp; 4243 | 4474956 |
|  |  | 220212374 |
| **Computers — 2.6%** | **Computers — 2.6%** | **Computers — 2.6%** |
| Accenture Capital, Inc. |  |  |
| 4.05%, 10/04/29<sup>(a)</sup> | &nbsp;&nbsp; 10401 | 10459295 |
| 4.25%, 10/04/31<sup>(a)</sup> | &nbsp;&nbsp; 8480 | 8508232 |
| 4.50%, 10/04/34<sup>(a)</sup> | &nbsp;&nbsp; 7879 | 7786857 |
| Apple, Inc. |  |  |
| 1.25%, 08/20/30<sup>(a)</sup> | &nbsp;&nbsp; 7306 | 6552333 |
| 1.65%, 05/11/30<sup>(a)</sup> | &nbsp;&nbsp; 14265 | 13106347 |
| 1.65%, 02/08/31 | &nbsp;&nbsp; 18755 | 16950351 |
| 1.70%, 08/05/31 | &nbsp;&nbsp; 15905 | 14249334 |
| 2.20%, 09/11/29<sup>(a)</sup> | &nbsp;&nbsp; 12475 | 11883961 |
| 2.38%, 02/08/41 | &nbsp;&nbsp; 15720 | 11531379 |
| 2.40%, 08/20/50 | &nbsp;&nbsp; 16966 | 10197569 |
| 2.55%, 08/20/60 | &nbsp;&nbsp; 17346 | 9754584 |
| 2.65%, 05/11/50 | &nbsp;&nbsp; 22849 | 14531740 |
| 2.65%, 02/08/51<sup>(a)</sup> | &nbsp;&nbsp; 21448 | 13520826 |
| 2.70%, 08/05/51<sup>(a)</sup> | &nbsp;&nbsp; 17161 | 10898292 |
| 2.80%, 02/08/61 | &nbsp;&nbsp; 12749 | 7612349 |
| 2.85%, 08/05/61<sup>(a)</sup> | &nbsp;&nbsp; 11736 | 7078156 |
| 2.95%, 09/11/49<sup>(a)</sup> | &nbsp;&nbsp; 14765 | 10086552 |
| 3.25%, 08/08/29<sup>(a)</sup> | &nbsp;&nbsp; 13773 | 13608086 |
| 3.35%, 08/08/32<sup>(a)</sup> | &nbsp;&nbsp; 6351 | 6158993 |
| 3.45%, 02/09/45 | &nbsp;&nbsp; 14484 | 11461375 |
| 3.75%, 09/12/47<sup>(a)</sup> | &nbsp;&nbsp; 11758 | 9451694 |
| 3.75%, 11/13/47 | &nbsp;&nbsp; 10065 | 8092016 |
| 3.85%, 05/04/43<sup>(a)</sup> | &nbsp;&nbsp; 28213 | 24187383 |
| 3.85%, 08/04/46 | &nbsp;&nbsp; 15890 | 13108357 |
| 3.95%, 08/08/52 | &nbsp;&nbsp; 16609 | 13395788 |
| 4.10%, 08/08/62 | &nbsp;&nbsp; 12201 | 9716192 |
| 4.20%, 05/12/30<sup>(a)</sup> | &nbsp;&nbsp; 11873 | 12060159 |
| 4.25%, 02/09/47 | &nbsp;&nbsp; 8457 | 7363717 |
| 4.30%, 05/10/33 | &nbsp;&nbsp; 6703 | 6848214 |
| 4.38%, 05/13/45 | &nbsp;&nbsp; 10725 | 9699907 |
| 4.45%, 05/06/44<sup>(a)</sup> | &nbsp;&nbsp; 11368 | 10573991 |
| 4.50%, 05/12/32<sup>(a)</sup> | &nbsp;&nbsp; 7459 | 7698438 |
| 4.50%, 02/23/36<sup>(a)</sup> | &nbsp;&nbsp; 11250 | 11500866 |
| 4.65%, 02/23/46 | &nbsp;&nbsp; 31728 | 29474097 |
| 4.75%, 05/12/35<sup>(a)</sup> | &nbsp;&nbsp; 7718 | 7989211 |
| 4.85%, 05/10/53 | &nbsp;&nbsp; 13913 | 13330122 |
| Dell International LLC/EMC Corp. |  |  |
| 3.38%, 12/15/41 | &nbsp;&nbsp; 3053 | 2358236 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 4.50%, 02/15/31 | &nbsp;&nbsp; $10739 | $10778186 |
| 4.75%, 10/06/32<sup>(a)</sup> | &nbsp;&nbsp; 14462 | 14578108 |
| 4.85%, 02/01/35<sup>(a)</sup> | &nbsp;&nbsp; 9006 | 8944734 |
| 5.00%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 7158 | 7360368 |
| 5.10%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 8345 | 8381425 |
| 5.30%, 10/01/29 | &nbsp;&nbsp; 7945 | 8245571 |
| 5.30%, 04/01/32 | &nbsp;&nbsp; 7470 | 7764714 |
| 5.40%, 04/15/34<sup>(a)</sup> | &nbsp;&nbsp; 11442 | 11839765 |
| 5.50%, 04/01/35 | &nbsp;&nbsp; 8910 | 9258418 |
| 5.75%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 7720 | 8202684 |
| 6.20%, 07/15/30 | &nbsp;&nbsp; 6219 | 6674147 |
| 8.10%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 9437 | 11466112 |
| Hewlett Packard Enterprise Co. |  |  |
| 4.40%, 10/15/30 | &nbsp;&nbsp; 15671 | 15679469 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 9784 | 9893854 |
| 4.85%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 11023 | 11174837 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 15469 | 15312014 |
| 5.60%, 10/15/54<sup>(a)</sup> | &nbsp;&nbsp; 11012 | 10128686 |
| 6.20%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7938 | 8593981 |
| 6.35%, 10/15/45<sup>(a)</sup> | &nbsp;&nbsp; 7660 | 7853356 |
| HP, Inc. |  |  |
| 2.65%, 06/17/31 | &nbsp;&nbsp; 13876 | 12570402 |
| 4.00%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 2067 | 2054140 |
| 5.50%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 9496 | 9751977 |
| 6.00%, 09/15/41<sup>(a)</sup> | &nbsp;&nbsp; 8185 | 8193509 |
| IBM International Capital Pte Ltd. |  |  |
| 4.90%, 02/05/34<sup>(a)</sup> | &nbsp;&nbsp; 10383 | 10496937 |
| 5.25%, 02/05/44 | &nbsp;&nbsp; 12306 | 11839712 |
| 5.30%, 02/05/54<sup>(a)</sup> | &nbsp;&nbsp; 14107 | 13100798 |
| International Business Machines Corp. |  |  |
| 1.95%, 05/15/30 | &nbsp;&nbsp; 13136 | 12037950 |
| 2.95%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 11889 | 7673724 |
| 3.50%, 05/15/29 | &nbsp;&nbsp; 23168 | 22830535 |
| 4.00%, 06/20/42 | &nbsp;&nbsp; 12064 | 10165685 |
| 4.15%, 05/15/39<sup>(a)</sup> | &nbsp;&nbsp; 13733 | 12352593 |
| 4.25%, 05/15/49<sup>(a)</sup> | &nbsp;&nbsp; 25175 | 20376355 |
| 4.40%, 07/27/32<sup>(a)</sup> | &nbsp;&nbsp; 8263 | 8261726 |
| 4.75%, 02/06/33<sup>(a)</sup> | &nbsp;&nbsp; 9914 | 10098109 |
| 4.80%, 02/10/30<sup>(a)</sup> | &nbsp;&nbsp; 7114 | 7286763 |
| 4.90%, 07/27/52 | &nbsp;&nbsp; 10502 | 9268205 |
| 4.95%, 02/03/36 | &nbsp;&nbsp; 3272 | 3272363 |
| 5.00%, 02/10/32<sup>(a)</sup> | &nbsp;&nbsp; 12106 | 12464870 |
| 5.20%, 02/10/35<sup>(a)</sup> | &nbsp;&nbsp; 6187 | 6376372 |
| 5.70%, 02/10/55<sup>(a)</sup> | &nbsp;&nbsp; 8106 | 7984345 |
| 5.80%, 02/03/56 | &nbsp;&nbsp; 1926 | 1926448 |
| Leidos, Inc. |  |  |
| 2.30%, 02/15/31 | &nbsp;&nbsp; 6247 | 5671734 |
| 4.38%, 05/15/30 | &nbsp;&nbsp; 4523 | 4533972 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 4325 | 4308570 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 2409 | 2560555 |
|  |  | 842373777 |
| **Cosmetics & Personal Care — 0.5%** | **Cosmetics & Personal Care — 0.5%** | **Cosmetics & Personal Care — 0.5%** |
| Haleon U.S. Capital LLC |  |  |
| 3.38%, 03/24/29<sup>(a)</sup> | &nbsp;&nbsp; 4246 | 4174945 |
| 3.63%, 03/24/32<sup>(a)</sup> | &nbsp;&nbsp; 14577 | 14043192 |
| 4.00%, 03/24/52 | &nbsp;&nbsp; 2482 | 1993537 |
| Kenvue, Inc. |  |  |
| 4.85%, 05/22/32<sup>(a)</sup> | &nbsp;&nbsp; 8822 | 9113984 |
| 4.90%, 03/22/33<sup>(a)</sup> | &nbsp;&nbsp; 6692 | 6907399 |
| 5.00%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp; 10049 | 10414897 |
| 5.05%, 03/22/53<sup>(a)</sup> | &nbsp;&nbsp; 9480 | 8845911 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** |
| 5.10%, 03/22/43<sup>(a)</sup> | &nbsp;&nbsp; $4394 | $4312135 |
| 5.20%, 03/22/63<sup>(a)</sup> | &nbsp;&nbsp; 6243 | 5790924 |
| Procter & Gamble Co.(The) |  |  |
| 1.20%, 10/29/30<sup>(a)</sup> | &nbsp;&nbsp; 12451 | 11071150 |
| 1.95%, 04/23/31 | &nbsp;&nbsp; 10971 | 10025466 |
| 2.30%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 11045 | 10191170 |
| 3.00%, 03/25/30 | &nbsp;&nbsp; 5134 | 4987574 |
| 4.05%, 01/26/33<sup>(a)</sup> | &nbsp;&nbsp; 8148 | 8217934 |
| 4.10%, 11/03/32 | &nbsp;&nbsp; 7982 | 8035420 |
| 4.55%, 01/29/34<sup>(a)</sup> | &nbsp;&nbsp; 2933 | 3009453 |
| Unilever Capital Corp. |  |  |
| 1.75%, 08/12/31 | &nbsp;&nbsp; 5813 | 5175967 |
| 2.13%, 09/06/29<sup>(a)</sup> | &nbsp;&nbsp; 3985 | 3774292 |
| 4.63%, 08/12/34 | &nbsp;&nbsp; 6158 | 6262551 |
| 5.00%, 12/08/33<sup>(a)</sup> | &nbsp;&nbsp; 5506 | 5773284 |
| 5.90%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8032 | 8877069 |
|  |  | 150998254 |
| **Diversified Financial Services — 2.0%** | **Diversified Financial Services — 2.0%** | **Diversified Financial Services — 2.0%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 22120 | 20657350 |
| 3.40%, 10/29/33 | &nbsp;&nbsp; 10878 | 9919948 |
| 3.85%, 10/29/41<sup>(a)</sup> | &nbsp;&nbsp; 13366 | 11115675 |
| 4.63%, 09/10/29 | &nbsp;&nbsp; 10570 | 10716860 |
| 4.75%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5995 | 6005244 |
| 4.95%, 09/10/34 | &nbsp;&nbsp; 12865 | 12892437 |
| 5.38%, 12/15/31 | &nbsp;&nbsp; 12921 | 13462889 |
| 6.15%, 09/30/30 | &nbsp;&nbsp; 6917 | 7411720 |
| Air Lease Corp. |  |  |
| 2.88%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4948 | 4490671 |
| 3.13%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5277 | 4955239 |
| Ally Financial, Inc., 8.00%, 11/01/31 | &nbsp;&nbsp; 9185 | 10411142 |
| American Express Co. |  |  |
| 4.05%, 05/03/29 | &nbsp;&nbsp; 1811 | 1824056 |
| 4.05%, 12/03/42<sup>(a)</sup> | &nbsp;&nbsp; 2583 | 2256328 |
| Ameriprise Financial, Inc. |  |  |
| 5.15%, 05/15/33 | &nbsp;&nbsp; 5765 | 5979072 |
| 5.20%, 04/15/35 | &nbsp;&nbsp; 6063 | 6163281 |
| Apollo Global Management, Inc. |  |  |
| 5.15%, 08/12/35<sup>(a)</sup> | &nbsp;&nbsp; 6685 | 6610399 |
| 5.80%, 05/21/54<sup>(a)</sup> | &nbsp;&nbsp; 6133 | 5833365 |
| Atlas Warehouse Lending Co. LP |  |  |
| 4.95%, 11/15/30<sup>(c)</sup> | &nbsp;&nbsp; 5551 | 5544571 |
| 5.25%, 01/15/33<sup>(c)</sup> | &nbsp;&nbsp; 310 | 307508 |
| Brookfield Asset Management Ltd. |  |  |
| 5.80%, 04/24/35<sup>(a)</sup> | &nbsp;&nbsp; 3778 | 3915880 |
| 6.08%, 09/15/55<sup>(a)</sup> | &nbsp;&nbsp; 6252 | 6332387 |
| Brookfield Finance, Inc. |  |  |
| 3.50%, 03/30/51 | &nbsp;&nbsp; 6708 | 4603533 |
| 4.35%, 04/15/30 | &nbsp;&nbsp; 8065 | 8072591 |
| 4.70%, 09/20/47<sup>(a)</sup> | &nbsp;&nbsp; 7076 | 6090637 |
| 4.85%, 03/29/29 | &nbsp;&nbsp; 5805 | 5905839 |
| 5.97%, 03/04/54<sup>(a)</sup> | &nbsp;&nbsp; 8007 | 8116552 |
| Capital One Financial Corp., 6.70%, 11/29/32<sup>(a)</sup> | &nbsp;&nbsp; 1981 | 2200497 |
| Charles Schwab Corp.(The) |  |  |
| 1.65%, 03/11/31<sup>(a)</sup> | &nbsp;&nbsp; 5349 | 4739309 |
| 1.95%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp; 7213 | 6394515 |
| 2.30%, 05/13/31<sup>(a)</sup> | &nbsp;&nbsp; 5771 | 5271478 |
| 2.90%, 03/03/32<sup>(a)</sup> | &nbsp;&nbsp; 8009 | 7404757 |
| CME Group, Inc. |  |  |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 5491 | 5075223 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 4.40%, 03/15/30 | &nbsp;&nbsp; $7152 | $7280617 |
| 5.30%, 09/15/43 | &nbsp;&nbsp; 5878 | 6005749 |
| Intercontinental Exchange, Inc. |  |  |
| 1.85%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10773 | 9272693 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 10564 | 9760848 |
| 2.65%, 09/15/40<sup>(a)</sup> | &nbsp;&nbsp; 15180 | 11357826 |
| 3.00%, 06/15/50 | &nbsp;&nbsp; 15514 | 10254900 |
| 3.00%, 09/15/60 | &nbsp;&nbsp; 10630 | 6379442 |
| 4.25%, 09/21/48 | &nbsp;&nbsp; 13410 | 11209477 |
| 4.35%, 06/15/29 | &nbsp;&nbsp; 8673 | 8784231 |
| 4.60%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 17817 | 18047162 |
| 4.95%, 06/15/52<sup>(a)</sup> | &nbsp;&nbsp; 5406 | 4949120 |
| 5.20%, 06/15/62 | &nbsp;&nbsp; 6921 | 6391668 |
| 5.25%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 9605 | 10094296 |
| Jefferies Financial Group, Inc. |  |  |
| 2.63%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8608 | 7644719 |
| 4.15%, 01/23/30<sup>(a)</sup> | &nbsp;&nbsp; 15163 | 14936879 |
| 5.50%, 02/15/36 | &nbsp;&nbsp; 10303 | 10106883 |
| 6.20%, 04/14/34<sup>(a)</sup> | &nbsp;&nbsp; 14205 | 14850603 |
| LPL Holdings, Inc., 5.20%, 03/15/30 | &nbsp;&nbsp; 6529 | 6674894 |
| Mastercard, Inc. |  |  |
| 2.00%, 11/18/31 | &nbsp;&nbsp; 7368 | 6632394 |
| 2.95%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5410 | 5270486 |
| 3.35%, 03/26/30 | &nbsp;&nbsp; 8922 | 8765504 |
| 3.65%, 06/01/49 | &nbsp;&nbsp; 8300 | 6387332 |
| 3.85%, 03/26/50<sup>(a)</sup> | &nbsp;&nbsp; 12214 | 9681128 |
| 4.35%, 01/15/32 | &nbsp;&nbsp; 11933 | 12079350 |
| 4.55%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 10552 | 10597822 |
| 4.85%, 03/09/33<sup>(a)</sup> | &nbsp;&nbsp; 5660 | 5856105 |
| 4.88%, 05/09/34<sup>(a)</sup> | &nbsp;&nbsp; 9556 | 9846881 |
| Nasdaq, Inc. |  |  |
| 5.55%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 8080 | 8505395 |
| 5.95%, 08/15/53<sup>(a)</sup> | &nbsp;&nbsp; 6911 | 7142239 |
| 6.10%, 06/28/63<sup>(a)</sup> | &nbsp;&nbsp; 5460 | 5659447 |
| Nomura Holdings, Inc. |  |  |
| 2.61%, 07/14/31 | &nbsp;&nbsp; 13616 | 12405687 |
| 2.68%, 07/16/30<sup>(a)</sup> | &nbsp;&nbsp; 6283 | 5873381 |
| 3.00%, 01/22/32<sup>(a)</sup> | &nbsp;&nbsp; 6592 | 6085615 |
| 3.10%, 01/16/30 | &nbsp;&nbsp; 7493 | 7185128 |
| 4.90%, 07/01/30 | &nbsp;&nbsp; 12921 | 13219885 |
| 5.78%, 07/03/34<sup>(a)</sup> | &nbsp;&nbsp; 8573 | 9113053 |
| 6.18%, 01/18/33 | &nbsp;&nbsp; 1160 | 1263048 |
| Raymond James Financial, Inc. |  |  |
| 3.75%, 04/01/51 | &nbsp;&nbsp; 6464 | 4766502 |
| 4.95%, 07/15/46 | &nbsp;&nbsp; 6660 | 6129282 |
| 5.65%, 09/11/55<sup>(a)</sup> | &nbsp;&nbsp; 6827 | 6663636 |
| Synchrony Financial |  |  |
| 2.88%, 10/28/31 | &nbsp;&nbsp; 2929 | 2627719 |
| 4.95%, 02/25/32, (1-day SOFR + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 1900 | 1894106 |
| Visa, Inc. |  |  |
| 1.10%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 9631 | 8460468 |
| 2.00%, 08/15/50<sup>(a)</sup> | &nbsp;&nbsp; 13713 | 7551756 |
| 2.05%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 12140 | 11344943 |
| 2.70%, 04/15/40 | &nbsp;&nbsp; 7299 | 5698207 |
| 3.65%, 09/15/47<sup>(a)</sup> | &nbsp;&nbsp; 6431 | 5086787 |
| 4.10%, 02/12/31<sup>(a)</sup> | &nbsp;&nbsp; 3685 | 3727397 |
| 4.15%, 12/14/35<sup>(a)</sup> | &nbsp;&nbsp; 8350 | 8163817 |
| 4.30%, 12/14/45 | &nbsp;&nbsp; 19615 | 17283367 |
|  |  | 635650827 |
| **Electric — 4.2%** | **Electric — 4.2%** | **Electric — 4.2%** |
| AEP Texas, Inc., 5.85%, 10/15/55 | &nbsp;&nbsp; 3263 | 3252313 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| AES Corp.(The) |  |  |
| 2.45%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; $4483 | $4152641 |
| 5.80%, 03/15/32 | &nbsp;&nbsp; 5374 | 5614732 |
| Ameren Corp. |  |  |
| 3.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5712 | 5525622 |
| 5.38%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6130 | 6329897 |
| American Electric Power Co., Inc., 5.63%, <br> 03/01/33<br>| &nbsp;&nbsp; 5420 | 5745674 |
| Berkshire Hathaway Energy Co. |  |  |
| 2.85%, 05/15/51 | &nbsp;&nbsp; 11697 | 7357353 |
| 3.70%, 07/15/30 | &nbsp;&nbsp; 11444 | 11323750 |
| 3.80%, 07/15/48 | &nbsp;&nbsp; 10174 | 7820930 |
| 4.25%, 10/15/50 | &nbsp;&nbsp; 8524 | 6991272 |
| 4.45%, 01/15/49 | &nbsp;&nbsp; 8920 | 7538090 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 6031 | 5269740 |
| 4.60%, 05/01/53 | &nbsp;&nbsp; 7596 | 6457302 |
| 5.15%, 11/15/43 | &nbsp;&nbsp; 7238 | 7025340 |
| 6.13%, 04/01/36<sup>(a)</sup> | &nbsp;&nbsp; 10400 | 11387624 |
| Commonwealth Edison Co., 4.00%, 03/01/48 | &nbsp;&nbsp; 7205 | 5850518 |
| Connecticut Light and Power Co. (The), 4.00%, <br> 04/01/48<br>| &nbsp;&nbsp; 1853 | 1503349 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 2.40%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 10623 | 9790227 |
| 3.60%, 06/15/61<sup>(a)</sup> | &nbsp;&nbsp; 4878 | 3398368 |
| 4.45%, 03/15/44 | &nbsp;&nbsp; 5935 | 5247739 |
| 4.63%, 12/01/54 | &nbsp;&nbsp; 6529 | 5597458 |
| 5.70%, 05/15/54<sup>(a)</sup> | &nbsp;&nbsp; 7411 | 7481699 |
| 5.75%, 11/15/55 | &nbsp;&nbsp; 6892 | 7005232 |
| 5.90%, 11/15/53 | &nbsp;&nbsp; 8716 | 9012005 |
| Series 20B, 3.95%, 04/01/50 | &nbsp;&nbsp; 7549 | 5972358 |
| Constellation Energy Generation LLC |  |  |
| 4.40%, 01/15/31 | &nbsp;&nbsp; 6394 | 6433879 |
| 5.60%, 06/15/42<sup>(a)</sup> | &nbsp;&nbsp; 4308 | 4377302 |
| 5.75%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 5308 | 5318809 |
| 5.88%, 01/15/66 | &nbsp;&nbsp; 7138 | 7109554 |
| 6.25%, 10/01/39<sup>(a)</sup> | &nbsp;&nbsp; 6580 | 7209271 |
| 6.50%, 10/01/53<sup>(a)</sup> | &nbsp;&nbsp; 6616 | 7282162 |
| Dominion Energy, Inc. |  |  |
| 5.00%, 06/15/30 | &nbsp;&nbsp; 7170 | 7393381 |
| 5.38%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7246 | 7594082 |
| Series C, 2.25%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp; 9551 | 8615180 |
| Series C, 3.38%, 04/01/30 | &nbsp;&nbsp; 9460 | 9201406 |
| DTE Electric Co. |  |  |
| Series A, 4.85%, 03/01/36 | &nbsp;&nbsp; 3960 | 3986613 |
| Series B, 5.55%, 03/01/56 | &nbsp;&nbsp; 4005 | 4000591 |
| DTE Energy Co. |  |  |
| 5.10%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5067 | 5211849 |
| 5.20%, 04/01/30 | &nbsp;&nbsp; 6955 | 7214744 |
| 5.85%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 6859 | 7372354 |
| Duke Energy Carolinas LLC |  |  |
| 3.20%, 08/15/49 | &nbsp;&nbsp; 13669 | 9602727 |
| 4.95%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 7418 | 7686979 |
| 5.30%, 02/15/40<sup>(a)</sup> | &nbsp;&nbsp; 6458 | 6579449 |
| 5.35%, 01/15/53 | &nbsp;&nbsp; 8813 | 8566751 |
| 5.40%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 6167 | 6039727 |
| Duke Energy Corp. |  |  |
| 2.45%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4354 | 4076061 |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 14417 | 13258767 |
| 3.30%, 06/15/41 | &nbsp;&nbsp; 4773 | 3715365 |
| 3.50%, 06/15/51 | &nbsp;&nbsp; 10824 | 7544041 |
| 3.75%, 09/01/46 | &nbsp;&nbsp; 13359 | 10243307 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.50%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; $7197 | $7249524 |
| 4.95%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9253 | 9269177 |
| 5.00%, 08/15/52 | &nbsp;&nbsp; 9784 | 8662634 |
| 5.45%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6835 | 7177546 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 6636 | 6494395 |
| 5.80%, 06/15/54 | &nbsp;&nbsp; 5441 | 5385562 |
| 6.10%, 09/15/53<sup>(a)</sup> | &nbsp;&nbsp; 4027 | 4159035 |
| Duke Energy Florida LLC, 6.40%, 06/15/38<sup>(a)</sup> | &nbsp;&nbsp; 8556 | 9605095 |
| Duke Energy Progress LLC |  |  |
| 5.05%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8214 | 8420954 |
| 5.55%, 03/15/55 | &nbsp;&nbsp; 7351 | 7330704 |
| Entergy Louisiana LLC |  |  |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 5125 | 4196122 |
| 4.90%, 04/15/36 | &nbsp;&nbsp; 4616 | 4617837 |
| 5.65%, 04/15/56<sup>(a)</sup> | &nbsp;&nbsp; 3980 | 3945861 |
| 5.80%, 03/15/55 | &nbsp;&nbsp; 4475 | 4535756 |
| Eversource Energy, 5.13%, 05/15/33 | &nbsp;&nbsp; 7164 | 7314477 |
| Exelon Corp. |  |  |
| 4.05%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 13473 | 13432127 |
| 4.45%, 04/15/46 | &nbsp;&nbsp; 6116 | 5196181 |
| 4.70%, 04/15/50 | &nbsp;&nbsp; 6181 | 5317898 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 9995 | 9930366 |
| 5.30%, 03/15/33 | &nbsp;&nbsp; 7442 | 7791610 |
| 5.60%, 03/15/53 | &nbsp;&nbsp; 6227 | 6039859 |
| FirstEnergy Corp., Series C, 3.40%, 03/01/50 | &nbsp;&nbsp; 2092 | 1462632 |
| Florida Power & Light Co. |  |  |
| 2.45%, 02/03/32 | &nbsp;&nbsp; 12089 | 11025601 |
| 2.88%, 12/04/51 | &nbsp;&nbsp; 13374 | 8658753 |
| 3.15%, 10/01/49 | &nbsp;&nbsp; 9484 | 6641210 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 9575 | 7745796 |
| 4.80%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6907 | 7075316 |
| 5.10%, 04/01/33 | &nbsp;&nbsp; 6540 | 6804705 |
| 5.15%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4550 | 4733028 |
| 5.30%, 06/15/34 | &nbsp;&nbsp; 10060 | 10605961 |
| 5.30%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 7892 | 7679161 |
| 5.60%, 06/15/54 | &nbsp;&nbsp; 6486 | 6568527 |
| 5.60%, 02/15/66 | &nbsp;&nbsp; 9525 | 9452869 |
| 5.70%, 03/15/55 | &nbsp;&nbsp; 6907 | 7097427 |
| Georgia Power Co. |  |  |
| 4.30%, 03/15/42 | &nbsp;&nbsp; 7771 | 6978127 |
| 4.85%, 03/15/31 | &nbsp;&nbsp; 7299 | 7539144 |
| 4.95%, 05/17/33<sup>(a)</sup> | &nbsp;&nbsp; 8848 | 9124687 |
| 5.13%, 05/15/52<sup>(a)</sup> | &nbsp;&nbsp; 6666 | 6281305 |
| 5.25%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7417 | 7744248 |
| Series A, 3.25%, 03/15/51 | &nbsp;&nbsp; 5464 | 3808464 |
| MidAmerican Energy Co. |  |  |
| 3.65%, 04/15/29 | &nbsp;&nbsp; 3603 | 3586770 |
| 4.25%, 07/15/49<sup>(a)</sup> | &nbsp;&nbsp; 5969 | 4996825 |
| 5.85%, 09/15/54 | &nbsp;&nbsp; 8594 | 8926552 |
| National Grid PLC |  |  |
| 5.42%, 01/11/34<sup>(a)</sup> | &nbsp;&nbsp; 6171 | 6445548 |
| 5.81%, 06/12/33 | &nbsp;&nbsp; 6681 | 7139152 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 14876 | 13794265 |
| 2.44%, 01/15/32 | &nbsp;&nbsp; 8851 | 7984729 |
| 2.75%, 11/01/29 | &nbsp;&nbsp; 10597 | 10154730 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 2740 | 2812686 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 8455 | 8721441 |
| 5.05%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 11244 | 11656369 |
| 5.05%, 02/28/33<sup>(a)</sup> | &nbsp;&nbsp; 8584 | 8854848 |
| 5.25%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6083 | 6297973 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.25%, 02/28/53<sup>(a)</sup> | &nbsp;&nbsp; $10136 | $9458817 |
| 5.30%, 03/15/32 | &nbsp;&nbsp; 6402 | 6707285 |
| 5.45%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9115 | 9488783 |
| 5.55%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 6249 | 6057364 |
| 5.90%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 6920 | 7030924 |
| Northern States Power Co., 5.10%, 05/15/53 | &nbsp;&nbsp; 6655 | 6237127 |
| Oncor Electric Delivery Co. LLC |  |  |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 5513 | 5023614 |
| 5.55%, 06/15/54 | &nbsp;&nbsp; 4721 | 4660839 |
| 5.65%, 11/15/33 | &nbsp;&nbsp; 6546 | 7016480 |
| Pacific Gas and Electric Co. |  |  |
| 2.50%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 14751 | 13480656 |
| 3.25%, 06/01/31 | &nbsp;&nbsp; 7698 | 7246083 |
| 3.30%, 08/01/40 | &nbsp;&nbsp; 14571 | 11302910 |
| 3.50%, 08/01/50 | &nbsp;&nbsp; 15733 | 10825822 |
| 3.95%, 12/01/47<sup>(a)</sup> | &nbsp;&nbsp; 8320 | 6319067 |
| 4.50%, 07/01/40 | &nbsp;&nbsp; 15848 | 14082810 |
| 4.55%, 07/01/30 | &nbsp;&nbsp; 19257 | 19362180 |
| 4.95%, 07/01/50 | &nbsp;&nbsp; 21608 | 18660632 |
| 5.05%, 10/15/32 | &nbsp;&nbsp; 9068 | 9225498 |
| 5.20%, 05/01/36 | &nbsp;&nbsp; 6370 | 6391471 |
| 5.55%, 05/15/29 | &nbsp;&nbsp; 6309 | 6552548 |
| 5.70%, 03/01/35 | &nbsp;&nbsp; 8667 | 9030338 |
| 5.80%, 05/15/34<sup>(a)</sup> | &nbsp;&nbsp; 9290 | 9778452 |
| 5.90%, 10/01/54 | &nbsp;&nbsp; 7353 | 7169382 |
| 6.00%, 08/15/35 | &nbsp;&nbsp; 7157 | 7611039 |
| 6.00%, 05/01/56 | &nbsp;&nbsp; 5116 | 5049183 |
| 6.10%, 10/15/55<sup>(a)</sup> | &nbsp;&nbsp; 6890 | 6899441 |
| 6.15%, 01/15/33 | &nbsp;&nbsp; 8212 | 8814510 |
| 6.15%, 03/01/55 | &nbsp;&nbsp; 8160 | 8202134 |
| 6.40%, 06/15/33 | &nbsp;&nbsp; 8919 | 9715358 |
| 6.70%, 04/01/53 | &nbsp;&nbsp; 7047 | 7589575 |
| 6.75%, 01/15/53 | &nbsp;&nbsp; 11015 | 11888488 |
| 6.95%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6936 | 7793439 |
| PacifiCorp |  |  |
| 2.90%, 06/15/52 | &nbsp;&nbsp; 10550 | 6299432 |
| 5.35%, 12/01/53 | &nbsp;&nbsp; 9136 | 8179100 |
| 5.45%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 9311 | 9551917 |
| 5.50%, 05/15/54 | &nbsp;&nbsp; 9248 | 8431305 |
| 5.80%, 01/15/55<sup>(a)</sup> | &nbsp;&nbsp; 10664 | 10132020 |
| PPL Capital Funding, Inc., 5.25%, 09/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5954 | 6144208 |
| PPL Electric Utilities Corp., 5.25%, 05/15/53 | &nbsp;&nbsp; 3389 | 3246685 |
| Public Service Co. of Colorado |  |  |
| 1.88%, 06/15/31 | &nbsp;&nbsp; 8163 | 7260522 |
| 5.15%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7841 | 7999500 |
| 5.25%, 04/01/53 | &nbsp;&nbsp; 8036 | 7557978 |
| 5.35%, 05/15/34 | &nbsp;&nbsp; 5433 | 5655889 |
| 5.75%, 05/15/54 | &nbsp;&nbsp; 6533 | 6600381 |
| 5.85%, 05/15/55 | &nbsp;&nbsp; 5746 | 5867456 |
| Public Service Co. of Oklahoma, 5.45%, <br> 01/15/36<sup>(a)</sup><br>| &nbsp;&nbsp; 6740 | 6980774 |
| Public Service Enterprise Group, Inc. |  |  |
| 2.45%, 11/15/31 | &nbsp;&nbsp; 6730 | 6097347 |
| 5.20%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3153 | 3259352 |
| San Diego Gas & Electric Co. |  |  |
| 5.35%, 04/01/53 | &nbsp;&nbsp; 5315 | 5054862 |
| 5.40%, 04/15/35 | &nbsp;&nbsp; 6437 | 6705297 |
| Series VVV, 1.70%, 10/01/30 | &nbsp;&nbsp; 7093 | 6382104 |
| Series WWW, 2.95%, 08/15/51<sup>(a)</sup> | &nbsp;&nbsp; 4309 | 2819555 |
| Sempra |  |  |
| 3.80%, 02/01/38 | &nbsp;&nbsp; 8005 | 6994608 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.00%, 02/01/48 | &nbsp;&nbsp; $7936 | $6163635 |
| 6.00%, 10/15/39 | &nbsp;&nbsp; 7659 | 8087919 |
| Southern California Edison Co. |  |  |
| 3.65%, 02/01/50 | &nbsp;&nbsp; 9594 | 6857827 |
| 4.00%, 04/01/47<sup>(a)</sup> | &nbsp;&nbsp; 14118 | 10909553 |
| 4.65%, 10/01/43 | &nbsp;&nbsp; 6123 | 5298484 |
| 5.20%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 7738 | 7855674 |
| 5.25%, 03/15/30 | &nbsp;&nbsp; 9191 | 9500748 |
| 5.45%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 7651 | 8002732 |
| 5.45%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 6018 | 6181103 |
| 5.95%, 11/01/32<sup>(a)</sup> | &nbsp;&nbsp; 6468 | 6929803 |
| Series 20A, 2.95%, 02/01/51<sup>(a)</sup> | &nbsp;&nbsp; 5802 | 3620381 |
| Series C, 4.13%, 03/01/48 | &nbsp;&nbsp; 10025 | 7852633 |
| Southern Co.(The) |  |  |
| 4.40%, 07/01/46<sup>(a)</sup> | &nbsp;&nbsp; 15115 | 12916803 |
| 4.85%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8828 | 8812850 |
| 5.20%, 06/15/33 | &nbsp;&nbsp; 7423 | 7686254 |
| 5.50%, 03/15/29 | &nbsp;&nbsp; 3175 | 3305984 |
| 5.70%, 03/15/34 | &nbsp;&nbsp; 10409 | 11055283 |
| Series A, 3.70%, 04/30/30 | &nbsp;&nbsp; 8253 | 8126383 |
| Virginia Electric and Power Co. |  |  |
| 2.45%, 12/15/50<sup>(a)</sup> | &nbsp;&nbsp; 9079 | 5258565 |
| 2.95%, 11/15/51 | &nbsp;&nbsp; 7504 | 4764465 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 7625 | 7606108 |
| 5.00%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp; 6434 | 6601150 |
| 5.45%, 04/01/53 | &nbsp;&nbsp; 6203 | 5956230 |
| 5.70%, 03/15/56 | &nbsp;&nbsp; 9525 | 9470457 |
| Series C, 4.90%, 09/15/35 | &nbsp;&nbsp; 5457 | 5462507 |
| Series D, 5.60%, 09/15/55<sup>(a)</sup> | &nbsp;&nbsp; 7796 | 7707337 |
| Xcel Energy, Inc. |  |  |
| 5.45%, 08/15/33 | &nbsp;&nbsp; 5690 | 5930741 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 6304 | 6570429 |
| 5.60%, 04/15/35 | &nbsp;&nbsp; 5812 | 6072435 |
|  |  | 1355214167 |
| **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
| Emerson Electric Co. |  |  |
| 2.20%, 12/21/31<sup>(a)</sup> | &nbsp;&nbsp; 6398 | 5792966 |
| 2.80%, 12/21/51 | &nbsp;&nbsp; 4211 | 2726108 |
|  |  | 8519074 |
| **Electronics — 0.5%** | **Electronics — 0.5%** | **Electronics — 0.5%** |
| Amphenol Corp. |  |  |
| 2.20%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp; 9932 | 8999520 |
| 2.80%, 02/15/30 | &nbsp;&nbsp; 8636 | 8276577 |
| 4.13%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7502 | 7535523 |
| 4.40%, 02/15/33 | &nbsp;&nbsp; 17560 | 17577532 |
| 4.63%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 14179 | 14069568 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 5224 | 5356288 |
| 5.30%, 11/15/55 | &nbsp;&nbsp; 11306 | 10946897 |
| Honeywell International, Inc. |  |  |
| 1.75%, 09/01/31 | &nbsp;&nbsp; 19394 | 17153941 |
| 1.95%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 9118 | 8412643 |
| 2.70%, 08/15/29 | &nbsp;&nbsp; 7389 | 7112580 |
| 2.80%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 6257 | 4220082 |
| 4.50%, 01/15/34 | &nbsp;&nbsp; 10817 | 10873216 |
| 4.70%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 8136 | 8352695 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 7776 | 8109960 |
| 5.00%, 03/01/35 | &nbsp;&nbsp; 7727 | 7961127 |
| 5.25%, 03/01/54 | &nbsp;&nbsp; 11563 | 11117401 |
| Keysight Technologies, Inc., 5.35%, 07/30/30 | &nbsp;&nbsp; 2202 | 2306033 |
|  |  | 158381583 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control — 0.3%** | **Environmental Control — 0.3%** | **Environmental Control — 0.3%** |
| Republic Services, Inc. |  |  |
| 1.75%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; $6690 | $5848557 |
| 4.88%, 04/01/29 | &nbsp;&nbsp; 5570 | 5724717 |
| 5.00%, 04/01/34 | &nbsp;&nbsp; 5215 | 5404354 |
| Waste Connections, Inc. |  |  |
| 2.95%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 3047 | 2016230 |
| 4.20%, 01/15/33 | &nbsp;&nbsp; 8429 | 8335072 |
| 5.00%, 03/01/34 | &nbsp;&nbsp; 5178 | 5343363 |
| Waste Management, Inc. |  |  |
| 1.50%, 03/15/31 | &nbsp;&nbsp; 12080 | 10676953 |
| 4.15%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8717 | 8724023 |
| 4.63%, 02/15/30 | &nbsp;&nbsp; 8244 | 8443420 |
| 4.80%, 03/15/32 | &nbsp;&nbsp; 6178 | 6387183 |
| 4.88%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 10229 | 10591293 |
| 4.95%, 07/03/31 | &nbsp;&nbsp; 8435 | 8798748 |
| 4.95%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 10805 | 11118120 |
| 5.35%, 10/15/54<sup>(a)</sup> | &nbsp;&nbsp; 7392 | 7279106 |
|  |  | 104691139 |
| **Food — 1.2%** | **Food — 1.2%** | **Food — 1.2%** |
| Campbell's Company/The |  |  |
| 4.75%, 03/23/35<sup>(a)</sup> | &nbsp;&nbsp; 5602 | 5435942 |
| 5.40%, 03/21/34 | &nbsp;&nbsp; 6611 | 6750790 |
| Conagra Brands, Inc. |  |  |
| 5.30%, 11/01/38<sup>(a)</sup> | &nbsp;&nbsp; 6115 | 5886727 |
| 5.40%, 11/01/48<sup>(a)</sup> | &nbsp;&nbsp; 7728 | 6922561 |
| General Mills, Inc. |  |  |
| 2.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 9211 | 8756772 |
| 4.88%, 01/30/30 | &nbsp;&nbsp; 8622 | 8843367 |
| 4.95%, 03/29/33<sup>(a)</sup> | &nbsp;&nbsp; 7165 | 7316275 |
| 5.25%, 01/30/35<sup>(a)</sup> | &nbsp;&nbsp; 3230 | 3316125 |
| Hormel Foods Corp., 1.80%, 06/11/30 | &nbsp;&nbsp; 4978 | 4538397 |
| J M Smucker Co.(The) |  |  |
| 6.20%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6330 | 6940477 |
| 6.50%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 5103 | 5565034 |
| 6.50%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 6506 | 7141351 |
| JBS NV/JBS USA Foods Group Holdings, <br> Inc./JBS USA Food Co. Holdings<br>|  |  |
| 5.50%, 01/15/36 | &nbsp;&nbsp; 14250 | 14642216 |
| 5.95%, 04/20/35 | &nbsp;&nbsp; 11344 | 12038350 |
| 6.25%, 03/01/56 | &nbsp;&nbsp; 10854 | 11086742 |
| 6.38%, 02/25/55 | &nbsp;&nbsp; 6076 | 6307610 |
| 6.38%, 04/15/66 | &nbsp;&nbsp; 7652 | 7784931 |
| JBS USA Holding Lux Sarl/JBS USA Foods <br> Group Holdings, Inc./JBS USA Food Co.<br>|  |  |
| 3.00%, 05/15/32 | &nbsp;&nbsp; 12376 | 11283828 |
| 3.63%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 12430 | 11774345 |
| 4.38%, 02/02/52<sup>(a)</sup> | &nbsp;&nbsp; 7250 | 5723158 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 14121 | 14844996 |
| 6.50%, 12/01/52 | &nbsp;&nbsp; 13687 | 14429810 |
| 6.75%, 03/15/34 | &nbsp;&nbsp; 8872 | 9888700 |
| 7.25%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 9214 | 10540507 |
| Kraft Heinz Foods Co. |  |  |
| 4.38%, 06/01/46 | &nbsp;&nbsp; 22175 | 18218816 |
| 4.88%, 10/01/49<sup>(a)</sup> | &nbsp;&nbsp; 15004 | 12937004 |
| 5.00%, 06/04/42 | &nbsp;&nbsp; 11617 | 10649353 |
| 5.20%, 07/15/45 | &nbsp;&nbsp; 16849 | 15414759 |
| 5.50%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 7914 | 7383939 |
| 6.88%, 01/26/39<sup>(a)</sup> | &nbsp;&nbsp; 7683 | 8635540 |
| Kroger Co.(The) |  |  |
| 3.95%, 01/15/50<sup>(a)</sup> | &nbsp;&nbsp; 9891 | 7677514 |
| 4.45%, 02/01/47 | &nbsp;&nbsp; 7733 | 6615953 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 5.00%, 09/15/34 | &nbsp;&nbsp; $14215 | $14444187 |
| 5.50%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 16070 | 15505008 |
| 5.65%, 09/15/64<sup>(a)</sup> | &nbsp;&nbsp; 12429 | 12019725 |
| Mondelez International, Inc. |  |  |
| 2.63%, 09/04/50<sup>(a)</sup> | &nbsp;&nbsp; 3052 | 1862840 |
| 2.75%, 04/13/30 | &nbsp;&nbsp; 4949 | 4694687 |
| 3.00%, 03/17/32 | &nbsp;&nbsp; 5325 | 4938545 |
| Sysco Corp. |  |  |
| 3.15%, 12/14/51<sup>(a)</sup> | &nbsp;&nbsp; 4324 | 2925532 |
| 5.95%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 9845 | 10475085 |
| 6.60%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 7274 | 8101789 |
| Tyson Foods, Inc. |  |  |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 2729 | 2751521 |
| 4.55%, 06/02/47<sup>(a)</sup> | &nbsp;&nbsp; 6314 | 5534777 |
| 5.10%, 09/28/48<sup>(a)</sup> | &nbsp;&nbsp; 8222 | 7724215 |
| 5.70%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5413 | 5765340 |
|  |  | 392035140 |
| **Gas — 0.2%** | **Gas — 0.2%** | **Gas — 0.2%** |
| Atmos Energy Corp., 4.13%, 10/15/44<sup>(a)</sup> | &nbsp;&nbsp; 3940 | 3376396 |
| NiSource, Inc. |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 7365 | 6531883 |
| 2.95%, 09/01/29 | &nbsp;&nbsp; 8704 | 8403649 |
| 3.60%, 05/01/30 | &nbsp;&nbsp; 6140 | 6022023 |
| 3.95%, 03/30/48 | &nbsp;&nbsp; 10545 | 8323604 |
| 4.38%, 05/15/47 | &nbsp;&nbsp; 9479 | 8026153 |
| 4.80%, 02/15/44 | &nbsp;&nbsp; 3859 | 3523377 |
| 5.35%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 12528 | 12930774 |
| 5.85%, 04/01/55<sup>(a)</sup> | &nbsp;&nbsp; 10154 | 10234427 |
|  |  | 67372286 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Stanley Black & Decker, Inc. |  |  |
| 2.30%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6246 | 5792389 |
| 2.75%, 11/15/50 | &nbsp;&nbsp; 5855 | 3546739 |
|  |  | 9339128 |
| **Health Care - Products — 1.5%** | **Health Care - Products — 1.5%** | **Health Care - Products — 1.5%** |
| Abbott Laboratories |  |  |
| 4.00%, 03/15/31 | &nbsp;&nbsp; 21825 | 21783035 |
| 4.30%, 03/15/33 | &nbsp;&nbsp; 21825 | 21773050 |
| 4.65%, 03/15/36 | &nbsp;&nbsp; 21825 | 21788751 |
| 4.75%, 11/30/36 | &nbsp;&nbsp; 10804 | 10919483 |
| 4.75%, 03/15/38 | &nbsp;&nbsp; 21825 | 21703478 |
| 4.90%, 11/30/46 | &nbsp;&nbsp; 19086 | 18079767 |
| 5.50%, 03/15/56 | &nbsp;&nbsp; 21825 | 21863266 |
| 5.60%, 03/15/66 | &nbsp;&nbsp; 21825 | 21814397 |
| Agilent Technologies, Inc., 2.30%, 03/12/31 | &nbsp;&nbsp; 5436 | 4961281 |
| Baxter International, Inc. |  |  |
| 2.54%, 02/01/32 | &nbsp;&nbsp; 16188 | 14142763 |
| 3.13%, 12/01/51<sup>(a)</sup> | &nbsp;&nbsp; 4654 | 2901532 |
| 5.65%, 12/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6358 | 6460801 |
| Danaher Corp. |  |  |
| 2.60%, 10/01/50 | &nbsp;&nbsp; 8022 | 4966249 |
| 2.80%, 12/10/51<sup>(a)</sup> | &nbsp;&nbsp; 8145 | 5220710 |
| DH Europe Finance II SARL |  |  |
| 2.60%, 11/15/29 | &nbsp;&nbsp; 6898 | 6575736 |
| 3.25%, 11/15/39 | &nbsp;&nbsp; 5238 | 4337256 |
| 3.40%, 11/15/49 | &nbsp;&nbsp; 7023 | 5116970 |
| GE HealthCare Technologies, Inc. |  |  |
| 4.80%, 08/14/29 | &nbsp;&nbsp; 10831 | 11102546 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 4401 | 4606927 |
| 5.86%, 03/15/30 | &nbsp;&nbsp; 11143 | 11836891 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| 5.91%, 11/22/32<sup>(a)</sup> | &nbsp;&nbsp; $15089 | $16333714 |
| 6.38%, 11/22/52<sup>(a)</sup> | &nbsp;&nbsp; 6482 | 7121651 |
| Medtronic Global Holdings SCA, 4.50%, <br> 03/30/33<br>| &nbsp;&nbsp; 7123 | 7203080 |
| Medtronic, Inc. |  |  |
| 4.38%, 03/15/35 | &nbsp;&nbsp; 12269 | 12142077 |
| 4.63%, 03/15/45<sup>(a)</sup> | &nbsp;&nbsp; 7505 | 6968781 |
| Solventum Corp. |  |  |
| 5.45%, 03/13/31<sup>(a)</sup> | &nbsp;&nbsp; 16640 | 17446215 |
| 5.60%, 03/23/34<sup>(a)</sup> | &nbsp;&nbsp; 11270 | 11770786 |
| 5.90%, 04/30/54<sup>(a)</sup> | &nbsp;&nbsp; 4984 | 4976839 |
| Stryker Corp. |  |  |
| 1.95%, 06/15/30 | &nbsp;&nbsp; 9488 | 8709275 |
| 4.25%, 09/11/29<sup>(a)</sup> | &nbsp;&nbsp; 7963 | 8051747 |
| 4.63%, 09/11/34 | &nbsp;&nbsp; 5019 | 5043707 |
| 4.63%, 03/15/46 | &nbsp;&nbsp; 4179 | 3778659 |
| 4.85%, 02/10/30 | &nbsp;&nbsp; 11345 | 11691958 |
| 5.20%, 02/10/35<sup>(a)</sup> | &nbsp;&nbsp; 6603 | 6853687 |
| Thermo Fisher Scientific, Inc. |  |  |
| 2.00%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 10664 | 9587243 |
| 2.60%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15289 | 14638221 |
| 2.80%, 10/15/41 | &nbsp;&nbsp; 5027 | 3772018 |
| 4.10%, 08/15/47<sup>(a)</sup> | &nbsp;&nbsp; 4316 | 3657597 |
| 4.22%, 02/12/31 | &nbsp;&nbsp; 4068 | 4097554 |
| 4.47%, 10/07/32 | &nbsp;&nbsp; 11756 | 11881869 |
| 4.55%, 06/15/33 | &nbsp;&nbsp; 8982 | 9075082 |
| 4.79%, 10/07/35 | &nbsp;&nbsp; 7007 | 7071840 |
| 4.90%, 02/12/36 | &nbsp;&nbsp; 6578 | 6686663 |
| 4.98%, 08/10/30<sup>(a)</sup> | &nbsp;&nbsp; 7706 | 8011161 |
| 5.09%, 08/10/33<sup>(a)</sup> | &nbsp;&nbsp; 9464 | 9880262 |
| 5.55%, 02/12/46<sup>(a)</sup> | &nbsp;&nbsp; 4128 | 4208773 |
| Zimmer Biomet Holdings, Inc., 2.60%, 11/24/31 | &nbsp;&nbsp; 4955 | 4530751 |
|  |  | 467146099 |
| **Health Care - Services — 4.0%** | **Health Care - Services — 4.0%** | **Health Care - Services — 4.0%** |
| Aetna, Inc., 6.63%, 06/15/36<sup>(a)</sup> | &nbsp;&nbsp; 6054 | 6731155 |
| Ascension Health |  |  |
| 3.95%, 11/15/46 | &nbsp;&nbsp; 2230 | 1861372 |
| Series 2025, 4.29%, 11/15/30 | &nbsp;&nbsp; 3000 | 3033730 |
| Series 2025, 4.92%, 11/15/35 | &nbsp;&nbsp; 2457 | 2505329 |
| Series B, 2.53%, 11/15/29 | &nbsp;&nbsp; 8357 | 7978019 |
| Centene Corp. |  |  |
| 2.50%, 03/01/31 | &nbsp;&nbsp; 13882 | 12045431 |
| 2.63%, 08/01/31 | &nbsp;&nbsp; 7329 | 6343901 |
| 3.00%, 10/15/30 | &nbsp;&nbsp; 11700 | 10551726 |
| 3.38%, 02/15/30 | &nbsp;&nbsp; 9570 | 8882525 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 18335 | 17887224 |
| Cigna Group(The) |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 10004 | 9165664 |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 11037 | 10368127 |
| 3.20%, 03/15/40 | &nbsp;&nbsp; 8899 | 7108573 |
| 3.40%, 03/15/50 | &nbsp;&nbsp; 11153 | 7908625 |
| 3.40%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 12011 | 8457107 |
| 3.88%, 10/15/47 | &nbsp;&nbsp; 8590 | 6683933 |
| 4.50%, 09/15/30 | &nbsp;&nbsp; 8504 | 8612696 |
| 4.80%, 08/15/38 | &nbsp;&nbsp; 19104 | 18477148 |
| 4.80%, 07/15/46 | &nbsp;&nbsp; 9226 | 8272996 |
| 4.88%, 09/15/32 | &nbsp;&nbsp; 12510 | 12787387 |
| 4.90%, 12/15/48 | &nbsp;&nbsp; 23339 | 20990616 |
| 5.00%, 05/15/29 | &nbsp;&nbsp; 5124 | 5279027 |
| 5.13%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 7184 | 7469325 |
| 5.25%, 02/15/34 | &nbsp;&nbsp; 6775 | 7022777 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 5.25%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; $11914 | $12228458 |
| 5.40%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6323 | 6648939 |
| 5.60%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 12007 | 11729276 |
| 6.00%, 01/15/56<sup>(a)</sup> | &nbsp;&nbsp; 6522 | 6756462 |
| CommonSpirit Health |  |  |
| 3.35%, 10/01/29 | &nbsp;&nbsp; 2660 | 2588852 |
| 4.19%, 10/01/49 | &nbsp;&nbsp; 1859 | 1512910 |
| Elevance Health, Inc. |  |  |
| 2.25%, 05/15/30 | &nbsp;&nbsp; 10204 | 9447774 |
| 2.55%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 9128 | 8402961 |
| 2.88%, 09/15/29 | &nbsp;&nbsp; 6299 | 6054666 |
| 3.13%, 05/15/50 | &nbsp;&nbsp; 7600 | 5058509 |
| 3.60%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 12348 | 8921883 |
| 3.70%, 09/15/49 | &nbsp;&nbsp; 11774 | 8755803 |
| 4.38%, 12/01/47<sup>(a)</sup> | &nbsp;&nbsp; 11080 | 9264174 |
| 4.55%, 03/01/48<sup>(a)</sup> | &nbsp;&nbsp; 9556 | 8247542 |
| 4.60%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7280 | 7341270 |
| 4.63%, 05/15/42 | &nbsp;&nbsp; 12940 | 11778142 |
| 4.65%, 01/15/43<sup>(a)</sup> | &nbsp;&nbsp; 7775 | 7021326 |
| 4.65%, 08/15/44 | &nbsp;&nbsp; 8384 | 7476010 |
| 4.75%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6628 | 6781742 |
| 4.75%, 02/15/33 | &nbsp;&nbsp; 9079 | 9183752 |
| 4.95%, 11/01/31 | &nbsp;&nbsp; 7126 | 7325373 |
| 5.00%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 6723 | 6751257 |
| 5.13%, 02/15/53 | &nbsp;&nbsp; 7869 | 7150381 |
| 5.20%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9716 | 9982480 |
| 5.38%, 06/15/34 | &nbsp;&nbsp; 5785 | 6016859 |
| 5.65%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 11039 | 10759341 |
| 5.70%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 10648 | 10448951 |
| 5.85%, 11/01/64<sup>(a)</sup> | &nbsp;&nbsp; 5376 | 5302507 |
| 6.10%, 10/15/52<sup>(a)</sup> | &nbsp;&nbsp; 7046 | 7295974 |
| HCA, Inc. |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 13578 | 12249234 |
| 3.50%, 09/01/30 | &nbsp;&nbsp; 20764 | 20098348 |
| 3.50%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 12216 | 8405373 |
| 3.63%, 03/15/32 | &nbsp;&nbsp; 11552 | 11000606 |
| 4.13%, 06/15/29 | &nbsp;&nbsp; 10378 | 10384090 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 11464 | 11478543 |
| 4.63%, 03/15/52 | &nbsp;&nbsp; 15687 | 12970333 |
| 4.90%, 11/15/35 | &nbsp;&nbsp; 10012 | 9965112 |
| 5.13%, 06/15/39 | &nbsp;&nbsp; 7703 | 7518728 |
| 5.25%, 03/01/30 | &nbsp;&nbsp; 8724 | 9049330 |
| 5.25%, 06/15/49 | &nbsp;&nbsp; 15853 | 14487944 |
| 5.45%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp; 12502 | 13078180 |
| 5.45%, 09/15/34 | &nbsp;&nbsp; 10434 | 10827383 |
| 5.50%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 9770 | 10251659 |
| 5.50%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 12341 | 12925770 |
| 5.50%, 06/15/47 | &nbsp;&nbsp; 13245 | 12627919 |
| 5.60%, 04/01/34 | &nbsp;&nbsp; 10953 | 11501551 |
| 5.70%, 11/15/55 | &nbsp;&nbsp; 6037 | 5815059 |
| 5.75%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 12154 | 12870174 |
| 5.90%, 06/01/53 | &nbsp;&nbsp; 10726 | 10554951 |
| 5.95%, 09/15/54 | &nbsp;&nbsp; 7933 | 7884251 |
| 6.00%, 04/01/54<sup>(a)</sup> | &nbsp;&nbsp; 12023 | 12022372 |
| 6.20%, 03/01/55<sup>(a)</sup> | &nbsp;&nbsp; 11843 | 12144356 |
| Humana, Inc. |  |  |
| 2.15%, 02/03/32<sup>(a)</sup> | &nbsp;&nbsp; 10774 | 9404313 |
| 3.70%, 03/23/29 | &nbsp;&nbsp; 4884 | 4798767 |
| 4.95%, 10/01/44 | &nbsp;&nbsp; 5855 | 5087566 |
| 5.38%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 10793 | 11116541 |
| 5.50%, 03/15/53<sup>(a)</sup> | &nbsp;&nbsp; 6021 | 5411323 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 5.55%, 05/01/35 | &nbsp;&nbsp; $6255 | $6366517 |
| 5.75%, 04/15/54<sup>(a)</sup> | &nbsp;&nbsp; 7086 | 6605161 |
| 5.88%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 9921 | 10366496 |
| 5.95%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4058 | 4251960 |
| ICON Investments Six DAC, 5.85%, 05/08/29 | &nbsp;&nbsp; 2608 | 2671738 |
| Kaiser Foundation Hospitals |  |  |
| 4.15%, 05/01/47 | &nbsp;&nbsp; 6162 | 5261058 |
| Series 2019, 3.27%, 11/01/49 | &nbsp;&nbsp; 2563 | 1855344 |
| Series 2021, 2.81%, 06/01/41 | &nbsp;&nbsp; 2776 | 2117936 |
| Series 2021, 3.00%, 06/01/51<sup>(a)</sup> | &nbsp;&nbsp; 5522 | 3731684 |
| Laboratory Corp. of America Holdings |  |  |
| 4.70%, 02/01/45<sup>(a)</sup> | &nbsp;&nbsp; 1984 | 1809170 |
| 4.80%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 6291 | 6296893 |
| Providence St. Joseph Health Obligated Group, <br> Series 21A, 2.70%, 10/01/51<sup>(a)</sup><br>| &nbsp;&nbsp; 1923 | 1177702 |
| Quest Diagnostics, Inc. |  |  |
| 2.95%, 06/30/30 | &nbsp;&nbsp; 5795 | 5521222 |
| 5.00%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5471 | 5599877 |
| 6.40%, 11/30/33 | &nbsp;&nbsp; 4742 | 5294790 |
| UnitedHealth Group, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 14200 | 13094568 |
| 2.30%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 12879 | 11744405 |
| 2.75%, 05/15/40 | &nbsp;&nbsp; 9985 | 7512903 |
| 2.88%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 10321 | 9976985 |
| 2.90%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 11438 | 7394542 |
| 3.05%, 05/15/41 | &nbsp;&nbsp; 12900 | 9891542 |
| 3.13%, 05/15/60<sup>(a)</sup> | &nbsp;&nbsp; 5700 | 3517708 |
| 3.25%, 05/15/51<sup>(a)</sup> | &nbsp;&nbsp; 18437 | 12576554 |
| 3.50%, 08/15/39 | &nbsp;&nbsp; 13496 | 11327317 |
| 3.70%, 08/15/49<sup>(a)</sup> | &nbsp;&nbsp; 12448 | 9339081 |
| 3.75%, 10/15/47 | &nbsp;&nbsp; 8677 | 6659753 |
| 3.88%, 08/15/59 | &nbsp;&nbsp; 9965 | 7231019 |
| 4.00%, 05/15/29 | &nbsp;&nbsp; 5991 | 6008048 |
| 4.20%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 13097 | 13044233 |
| 4.20%, 01/15/47 | &nbsp;&nbsp; 7338 | 6086365 |
| 4.25%, 03/15/43 | &nbsp;&nbsp; 7528 | 6508748 |
| 4.25%, 06/15/48 | &nbsp;&nbsp; 10588 | 8748685 |
| 4.45%, 12/15/48 | &nbsp;&nbsp; 11215 | 9503283 |
| 4.50%, 04/15/33 | &nbsp;&nbsp; 18800 | 18771052 |
| 4.63%, 07/15/35 | &nbsp;&nbsp; 10102 | 10032793 |
| 4.65%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 7649 | 7810020 |
| 4.75%, 07/15/45 | &nbsp;&nbsp; 18763 | 16970672 |
| 4.75%, 05/15/52 | &nbsp;&nbsp; 16081 | 13996473 |
| 4.80%, 01/15/30 | &nbsp;&nbsp; 10760 | 11057313 |
| 4.90%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 10257 | 10601437 |
| 4.95%, 01/15/32 | &nbsp;&nbsp; 13032 | 13438942 |
| 4.95%, 05/15/62 | &nbsp;&nbsp; 6044 | 5260354 |
| 5.00%, 04/15/34 | &nbsp;&nbsp; 9628 | 9851439 |
| 5.05%, 04/15/53 | &nbsp;&nbsp; 17886 | 16241593 |
| 5.15%, 07/15/34<sup>(a)</sup> | &nbsp;&nbsp; 14283 | 14755930 |
| 5.20%, 04/15/63<sup>(a)</sup> | &nbsp;&nbsp; 13662 | 12345721 |
| 5.30%, 02/15/30 | &nbsp;&nbsp; 10009 | 10470321 |
| 5.30%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7064 | 7373044 |
| 5.35%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 15451 | 16218383 |
| 5.38%, 04/15/54 | &nbsp;&nbsp; 14812 | 14069015 |
| 5.50%, 07/15/44<sup>(a)</sup> | &nbsp;&nbsp; 15027 | 14966742 |
| 5.50%, 04/15/64 | &nbsp;&nbsp; 11161 | 10576794 |
| 5.63%, 07/15/54<sup>(a)</sup> | &nbsp;&nbsp; 18915 | 18637333 |
| 5.75%, 07/15/64<sup>(a)</sup> | &nbsp;&nbsp; 13642 | 13437921 |
| 5.80%, 03/15/36 | &nbsp;&nbsp; 8368 | 8977707 |
| 5.88%, 02/15/53 | &nbsp;&nbsp; 14975 | 15216737 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 5.95%, 06/15/55<sup>(a)</sup> | &nbsp;&nbsp; $6962 | $7200873 |
| 6.05%, 02/15/63 | &nbsp;&nbsp; 11553 | 11917042 |
| 6.88%, 02/15/38<sup>(a)</sup> | &nbsp;&nbsp; 10129 | 11764935 |
| Universal Health Services, Inc., 2.65%, <br> 10/15/30<br>| &nbsp;&nbsp; 3770 | 3463880 |
|  |  | 1293105516 |
| **Holding Companies - Diversified — 0.4%** | **Holding Companies - Diversified — 0.4%** | **Holding Companies - Diversified — 0.4%** |
| Apollo Debt Solutions BDC |  |  |
| 5.70%, 01/23/31<sup>(a)(c)</sup> | &nbsp;&nbsp; 5080 | 5036894 |
| 6.70%, 07/29/31 | &nbsp;&nbsp; 5081 | 5237252 |
| 6.90%, 04/13/29 | &nbsp;&nbsp; 4507 | 4685418 |
| Ares Capital Corp. |  |  |
| 5.25%, 04/12/31<sup>(a)</sup> | &nbsp;&nbsp; 6084 | 5957793 |
| 5.50%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp; 8502 | 8423589 |
| 5.80%, 03/08/32<sup>(a)</sup> | &nbsp;&nbsp; 7525 | 7485332 |
| 5.88%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 4195 | 4272826 |
| 5.95%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6825 | 6956746 |
| Ares Strategic Income Fund |  |  |
| 5.60%, 02/15/30 | &nbsp;&nbsp; 7366 | 7261457 |
| 6.20%, 03/21/32 | &nbsp;&nbsp; 3448 | 3470725 |
| Blackstone Private Credit Fund |  |  |
| 5.95%, 07/16/29 | &nbsp;&nbsp; 4236 | 4265718 |
| 6.00%, 01/29/32 | &nbsp;&nbsp; 5969 | 5910631 |
| 6.00%, 11/22/34<sup>(a)</sup> | &nbsp;&nbsp; 9061 | 8775903 |
| Blue Owl Capital Corp., 5.95%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 102 | 101441 |
| Blue Owl Credit Income Corp. |  |  |
| 5.80%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7162 | 7003855 |
| 6.60%, 09/15/29 | &nbsp;&nbsp; 7826 | 7893786 |
| 6.65%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6871 | 6906562 |
| Sixth Street Lending Partners |  |  |
| 6.13%, 07/15/30 | &nbsp;&nbsp; 5940 | 6013806 |
| 6.50%, 03/11/29 | &nbsp;&nbsp; 4435 | 4590600 |
|  |  | 110250334 |
| **Household Products & Wares — 0.0%** | **Household Products & Wares — 0.0%** | **Household Products & Wares — 0.0%** |
| Kimberly-Clark Corp., 3.10%, 03/26/30 | &nbsp;&nbsp; 3181 | 3081684 |
| **Insurance — 2.1%** | **Insurance — 2.1%** | **Insurance — 2.1%** |
| Allstate Corp. (The), 5.25%, 03/30/33<sup>(a)</sup> | &nbsp;&nbsp; 7972 | 8324321 |
| American International Group, Inc. |  |  |
| 4.38%, 06/30/50<sup>(a)</sup> | &nbsp;&nbsp; 5946 | 4969510 |
| 4.75%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 5553 | 4967156 |
| 5.13%, 03/27/33 | &nbsp;&nbsp; 8803 | 9078162 |
| Aon Corp. |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 9653 | 9154551 |
| 3.75%, 05/02/29 | &nbsp;&nbsp; 5279 | 5230981 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 3.90%, 02/28/52 | &nbsp;&nbsp; 8117 | 6086140 |
| 5.35%, 02/28/33 | &nbsp;&nbsp; 8159 | 8523274 |
| Aon North America, Inc. |  |  |
| 5.15%, 03/01/29 | &nbsp;&nbsp; 5113 | 5272914 |
| 5.45%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 11641 | 12135185 |
| 5.75%, 03/01/54 | &nbsp;&nbsp; 15665 | 15490265 |
| Arthur J Gallagher & Co. |  |  |
| 3.50%, 05/20/51 | &nbsp;&nbsp; 10041 | 6977582 |
| 4.85%, 12/15/29 | &nbsp;&nbsp; 12529 | 12833899 |
| 5.15%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 10529 | 10665609 |
| 5.55%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 11945 | 11371926 |
| Athene Holding Ltd. |  |  |
| 6.25%, 04/01/54<sup>(a)</sup> | &nbsp;&nbsp; 7441 | 6938664 |
| 6.63%, 05/19/55<sup>(a)</sup> | &nbsp;&nbsp; 8367 | 8193263 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Berkshire Hathaway Finance Corp. |  |  |
| 1.45%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; $6014 | $5415819 |
| 2.50%, 01/15/51<sup>(a)</sup> | &nbsp;&nbsp; 6691 | 4026719 |
| 2.85%, 10/15/50<sup>(a)</sup> | &nbsp;&nbsp; 14712 | 9510110 |
| 2.88%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8038 | 7567592 |
| 3.85%, 03/15/52 | &nbsp;&nbsp; 20883 | 16198619 |
| 4.20%, 08/15/48 | &nbsp;&nbsp; 15048 | 12663861 |
| 4.25%, 01/15/49<sup>(a)</sup> | &nbsp;&nbsp; 16460 | 13907931 |
| 5.75%, 01/15/40<sup>(a)</sup> | &nbsp;&nbsp; 7459 | 8207103 |
| Berkshire Hathaway, Inc., 4.50%, 02/11/43<sup>(a)</sup> | &nbsp;&nbsp; 9315 | 8742495 |
| Brighthouse Financial, Inc., 4.70%, 06/22/47<sup>(a)</sup> | &nbsp;&nbsp; 1973 | 1393979 |
| Brown & Brown, Inc. |  |  |
| 4.90%, 06/23/30<sup>(a)</sup> | &nbsp;&nbsp; 9058 | 9192375 |
| 5.55%, 06/23/35<sup>(a)</sup> | &nbsp;&nbsp; 5988 | 6107552 |
| 6.25%, 06/23/55<sup>(a)</sup> | &nbsp;&nbsp; 8450 | 8604511 |
| Chubb INA Holdings LLC |  |  |
| 1.38%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15890 | 14147765 |
| 3.05%, 12/15/61<sup>(a)</sup> | &nbsp;&nbsp; 3943 | 2484282 |
| 4.35%, 11/03/45 | &nbsp;&nbsp; 6303 | 5536582 |
| 4.90%, 08/15/35 | &nbsp;&nbsp; 9167 | 9286898 |
| 5.00%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 9694 | 9986769 |
| 6.00%, 05/11/37<sup>(a)</sup> | &nbsp;&nbsp; 9148 | 10012239 |
| Corebridge Financial, Inc. |  |  |
| 3.85%, 04/05/29<sup>(a)</sup> | &nbsp;&nbsp; 5255 | 5193142 |
| 3.90%, 04/05/32<sup>(a)</sup> | &nbsp;&nbsp; 15241 | 14495322 |
| 4.40%, 04/05/52<sup>(a)</sup> | &nbsp;&nbsp; 9981 | 7903965 |
| 5.75%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3989 | 4150933 |
| Equitable Holdings, Inc., 5.00%, 04/20/48 | &nbsp;&nbsp; 7142 | 6364833 |
| Everest Reinsurance Holdings, Inc. |  |  |
| 3.13%, 10/15/52<sup>(a)</sup> | &nbsp;&nbsp; 9239 | 5860490 |
| 3.50%, 10/15/50 | &nbsp;&nbsp; 6657 | 4654631 |
| Fairfax Financial Holdings Ltd. |  |  |
| 5.63%, 08/16/32<sup>(a)</sup> | &nbsp;&nbsp; 2343 | 2450841 |
| 6.00%, 12/07/33 | &nbsp;&nbsp; 3953 | 4222964 |
| 6.35%, 03/22/54 | &nbsp;&nbsp; 4876 | 5093142 |
| Hanover Insurance Group, Inc. (The), 3.60%, <br> 08/19/49<br>| &nbsp;&nbsp; 3189 | 2372476 |
| Manulife Financial Corp. |  |  |
| 3.70%, 03/16/32 | &nbsp;&nbsp; 7365 | 7111156 |
| 4.99%, 12/11/35 | &nbsp;&nbsp; 6846 | 6865114 |
| 5.38%, 03/04/46<sup>(a)</sup> | &nbsp;&nbsp; 3514 | 3509047 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.25%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 11220 | 10296476 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 7552 | 7624125 |
| 4.65%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7746 | 7896750 |
| 4.85%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 13639 | 14040594 |
| 4.90%, 03/15/49 | &nbsp;&nbsp; 9740 | 8815284 |
| 5.00%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 14082 | 14335396 |
| 5.40%, 03/15/55 | &nbsp;&nbsp; 11021 | 10559273 |
| 5.70%, 09/15/53<sup>(a)</sup> | &nbsp;&nbsp; 8160 | 8115699 |
| MetLife, Inc. |  |  |
| 4.05%, 03/01/45 | &nbsp;&nbsp; 7253 | 5989028 |
| 4.13%, 08/13/42 | &nbsp;&nbsp; 7363 | 6275229 |
| 4.55%, 03/23/30<sup>(a)</sup> | &nbsp;&nbsp; 7979 | 8167178 |
| 4.60%, 05/13/46<sup>(a)</sup> | &nbsp;&nbsp; 7382 | 6514208 |
| 4.88%, 11/13/43 | &nbsp;&nbsp; 9524 | 8826677 |
| 5.00%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 7461 | 6733580 |
| 5.25%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 8640 | 8121876 |
| 5.30%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4160 | 4322358 |
| 5.38%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 7311 | 7700221 |
| 5.70%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7466 | 7968498 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.88%, 02/06/41 | &nbsp;&nbsp; $13458 | $14152345 |
| 6.38%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5965 | 6663491 |
| Progressive Corp. (The), 4.13%, 04/15/47 | &nbsp;&nbsp; 2480 | 2057099 |
| Prudential Financial, Inc. |  |  |
| 3.70%, 03/13/51<sup>(a)</sup> | &nbsp;&nbsp; 10167 | 7444032 |
| 3.91%, 12/07/47 | &nbsp;&nbsp; 10702 | 8337260 |
| 3.94%, 12/07/49 | &nbsp;&nbsp; 12183 | 9407281 |
| 4.35%, 02/25/50 | &nbsp;&nbsp; 8876 | 7240257 |
| 4.60%, 05/15/44<sup>(a)</sup> | &nbsp;&nbsp; 7325 | 6518435 |
| 5.20%, 03/14/35<sup>(a)</sup> | &nbsp;&nbsp; 5834 | 5969255 |
| 5.70%, 12/14/36<sup>(a)</sup> | &nbsp;&nbsp; 8350 | 8843746 |
| Travelers Companies, Inc.(The) |  |  |
| 3.05%, 06/08/51<sup>(a)</sup> | &nbsp;&nbsp; 6965 | 4669886 |
| 5.35%, 11/01/40<sup>(a)</sup> | &nbsp;&nbsp; 6581 | 6717828 |
| 5.45%, 05/25/53 | &nbsp;&nbsp; 6747 | 6672880 |
| 5.70%, 07/24/55<sup>(a)</sup> | &nbsp;&nbsp; 5658 | 5803546 |
| 6.25%, 06/15/37<sup>(a)</sup> | &nbsp;&nbsp; 7860 | 8792713 |
| Willis North America, Inc. |  |  |
| 5.35%, 05/15/33 | &nbsp;&nbsp; 7276 | 7491435 |
| 5.90%, 03/05/54 | &nbsp;&nbsp; 5453 | 5399552 |
|  |  | 663938150 |
| **Internet — 3.7%** | **Internet — 3.7%** | **Internet — 3.7%** |
| Alphabet, Inc. |  |  |
| 1.10%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 9578 | 8526934 |
| 1.90%, 08/15/40<sup>(a)</sup> | &nbsp;&nbsp; 8063 | 5564962 |
| 2.05%, 08/15/50<sup>(a)</sup> | &nbsp;&nbsp; 23518 | 12968865 |
| 2.25%, 08/15/60<sup>(a)</sup> | &nbsp;&nbsp; 15178 | 7959436 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 19443 | 19582599 |
| 4.10%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 19619 | 19772627 |
| 4.10%, 02/15/31 | &nbsp;&nbsp; 21439 | 21558019 |
| 4.38%, 11/15/32 | &nbsp;&nbsp; 17487 | 17729810 |
| 4.40%, 02/15/33 | &nbsp;&nbsp; 16830 | 16967644 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 9613 | 9660906 |
| 4.70%, 11/15/35 | &nbsp;&nbsp; 23778 | 24033483 |
| 4.80%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 26013 | 26400653 |
| 5.25%, 05/15/55 | &nbsp;&nbsp; 13926 | 13510458 |
| 5.30%, 05/15/65 | &nbsp;&nbsp; 11593 | 10994049 |
| 5.35%, 11/15/45 | &nbsp;&nbsp; 21362 | 21430877 |
| 5.45%, 11/15/55 | &nbsp;&nbsp; 25030 | 24864271 |
| 5.50%, 02/15/46 | &nbsp;&nbsp; 21386 | 21773587 |
| 5.65%, 02/15/56 | &nbsp;&nbsp; 12551 | 12838450 |
| 5.70%, 11/15/75<sup>(a)</sup> | &nbsp;&nbsp; 20228 | 20200458 |
| 5.75%, 02/15/66<sup>(a)</sup> | &nbsp;&nbsp; 16418 | 16698946 |
| Amazon.com, Inc. |  |  |
| 1.50%, 06/03/30 | &nbsp;&nbsp; 16547 | 15002634 |
| 2.10%, 05/12/31 | &nbsp;&nbsp; 16710 | 15212667 |
| 2.50%, 06/03/50 | &nbsp;&nbsp; 14829 | 8942034 |
| 2.70%, 06/03/60 | &nbsp;&nbsp; 12794 | 7233693 |
| 2.88%, 05/12/41<sup>(a)</sup> | &nbsp;&nbsp; 20392 | 15642024 |
| 3.10%, 05/12/51 | &nbsp;&nbsp; 29054 | 19652768 |
| 3.25%, 05/12/61 | &nbsp;&nbsp; 16260 | 10434702 |
| 3.45%, 04/13/29 | &nbsp;&nbsp; 5032 | 4993244 |
| 3.60%, 04/13/32 | &nbsp;&nbsp; 23210 | 22595302 |
| 3.88%, 08/22/37<sup>(a)</sup> | &nbsp;&nbsp; 18904 | 17508329 |
| 3.95%, 04/13/52 | &nbsp;&nbsp; 16101 | 12730306 |
| 4.05%, 08/22/47 | &nbsp;&nbsp; 19994 | 16513093 |
| 4.10%, 11/20/30 | &nbsp;&nbsp; 24800 | 24958636 |
| 4.10%, 04/13/62<sup>(a)</sup> | &nbsp;&nbsp; 12470 | 9609231 |
| 4.25%, 08/22/57<sup>(a)</sup> | &nbsp;&nbsp; 19499 | 15704736 |
| 4.35%, 03/20/33<sup>(a)</sup> | &nbsp;&nbsp; 13336 | 13428977 |
| 4.65%, 12/01/29 | &nbsp;&nbsp; 11620 | 11952882 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 4.65%, 11/20/35<sup>(a)</sup> | &nbsp;&nbsp; $25645 | $25731767 |
| 4.70%, 12/01/32<sup>(a)</sup> | &nbsp;&nbsp; 11697 | 12091220 |
| 4.80%, 12/05/34<sup>(a)</sup> | &nbsp;&nbsp; 10260 | 10641165 |
| 4.95%, 12/05/44<sup>(a)</sup> | &nbsp;&nbsp; 15857 | 15351021 |
| 5.45%, 11/20/55<sup>(a)</sup> | &nbsp;&nbsp; 26619 | 26153141 |
| 5.55%, 11/20/65 | &nbsp;&nbsp; 17451 | 17027410 |
| AppLovin Corp. |  |  |
| 5.13%, 12/01/29 | &nbsp;&nbsp; 9615 | 9812800 |
| 5.38%, 12/01/31 | &nbsp;&nbsp; 7788 | 8013731 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 2449 | 2498992 |
| eBay, Inc. |  |  |
| 2.60%, 05/10/31<sup>(a)</sup> | &nbsp;&nbsp; 4933 | 4543918 |
| 2.70%, 03/11/30 | &nbsp;&nbsp; 3864 | 3659727 |
| 3.65%, 05/10/51 | &nbsp;&nbsp; 8247 | 6111672 |
| 4.00%, 07/15/42 | &nbsp;&nbsp; 5111 | 4262810 |
| Expedia Group, Inc. |  |  |
| 3.25%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4650 | 4458129 |
| 5.40%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6659 | 6722781 |
| Meta Platforms, Inc. |  |  |
| 3.85%, 08/15/32 | &nbsp;&nbsp; 18088 | 17706264 |
| 4.20%, 11/15/30 | &nbsp;&nbsp; 33802 | 34073095 |
| 4.30%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3364 | 3416999 |
| 4.45%, 08/15/52 | &nbsp;&nbsp; 17753 | 14583986 |
| 4.55%, 08/15/31 | &nbsp;&nbsp; 13441 | 13759950 |
| 4.60%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 25345 | 25758362 |
| 4.65%, 08/15/62 | &nbsp;&nbsp; 18079 | 14680153 |
| 4.75%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 13533 | 13746817 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 6160 | 6365379 |
| 4.88%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 30945 | 31204180 |
| 4.95%, 05/15/33 | &nbsp;&nbsp; 8442 | 8736844 |
| 5.40%, 08/15/54<sup>(a)</sup> | &nbsp;&nbsp; 26358 | 24897211 |
| 5.50%, 11/15/45 | &nbsp;&nbsp; 39383 | 38934463 |
| 5.55%, 08/15/64 | &nbsp;&nbsp; 26352 | 24785985 |
| 5.60%, 05/15/53 | &nbsp;&nbsp; 18390 | 17910917 |
| 5.63%, 11/15/55<sup>(a)</sup> | &nbsp;&nbsp; 45903 | 44893162 |
| 5.75%, 05/15/63 | &nbsp;&nbsp; 19209 | 18634251 |
| 5.75%, 11/15/65<sup>(a)</sup> | &nbsp;&nbsp; 38925 | 37824481 |
| Netflix, Inc. |  |  |
| 4.90%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7049 | 7264718 |
| 5.40%, 08/15/54<sup>(a)</sup> | &nbsp;&nbsp; 3867 | 3810045 |
| 6.38%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4486 | 4819794 |
| Uber Technologies, Inc. |  |  |
| 4.15%, 01/15/31 | &nbsp;&nbsp; 11645 | 11598773 |
| 4.30%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 13614 | 13687457 |
| 4.80%, 09/15/34 | &nbsp;&nbsp; 13326 | 13363633 |
| 4.80%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 10907 | 10852977 |
| 5.35%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 4429 | 4218100 |
|  |  | 1193760572 |
| **Iron & Steel — 0.0%** | **Iron & Steel — 0.0%** | **Iron & Steel — 0.0%** |
| ArcelorMittal SA, 6.80%, 11/29/32<sup>(a)</sup> | &nbsp;&nbsp; 8321 | 9433264 |
| Steel Dynamics, Inc., 5.25%, 05/15/35 | &nbsp;&nbsp; 2660 | 2727897 |
|  |  | 12161161 |
| **Lodging — 0.2%** | **Lodging — 0.2%** | **Lodging — 0.2%** |
| Las Vegas Sands Corp., 3.90%, 08/08/29 | &nbsp;&nbsp; 2970 | 2904411 |
| Marriott International, Inc., 5.50%, 04/15/37<sup>(a)</sup> | &nbsp;&nbsp; 9789 | 10113591 |
| Marriott International, Inc./MD |  |  |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 1666 | 1707066 |
| 5.10%, 05/01/38 | &nbsp;&nbsp; 6905 | 6821858 |
| 5.30%, 05/15/34 | &nbsp;&nbsp; 9654 | 10023306 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 9953 | 10314162 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| Series FF, 4.63%, 06/15/30 | &nbsp;&nbsp; $4658 | $4746036 |
| Series GG, 3.50%, 10/15/32 | &nbsp;&nbsp; 6885 | 6494085 |
| Series HH, 2.85%, 04/15/31 | &nbsp;&nbsp; 8033 | 7518139 |
|  |  | 60642654 |
| **Machinery — 0.8%** | **Machinery — 0.8%** | **Machinery — 0.8%** |
| Caterpillar Financial Services Corp., 4.70%, <br> 11/15/29<br>| &nbsp;&nbsp; 7510 | 7737567 |
| Caterpillar, Inc. |  |  |
| 2.60%, 04/09/30 | &nbsp;&nbsp; 6412 | 6109531 |
| 3.25%, 09/19/49 | &nbsp;&nbsp; 11258 | 8191528 |
| 3.25%, 04/09/50 | &nbsp;&nbsp; 10483 | 7617103 |
| 3.80%, 08/15/42<sup>(a)</sup> | &nbsp;&nbsp; 14601 | 12488882 |
| 5.20%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 15189 | 15917966 |
| 5.20%, 05/27/41 | &nbsp;&nbsp; 8603 | 8819391 |
| Deere & Co. |  |  |
| 3.75%, 04/15/50 | &nbsp;&nbsp; 6115 | 4889584 |
| 3.90%, 06/09/42<sup>(a)</sup> | &nbsp;&nbsp; 8637 | 7591261 |
| 5.45%, 01/16/35<sup>(a)</sup> | &nbsp;&nbsp; 5245 | 5593491 |
| 5.70%, 01/19/55<sup>(a)</sup> | &nbsp;&nbsp; 5076 | 5378148 |
| GE Vernova, Inc. |  |  |
| 4.88%, 02/04/36<sup>(a)</sup> | &nbsp;&nbsp; 6761 | 6840900 |
| 5.50%, 02/04/56 | &nbsp;&nbsp; 2202 | 2184682 |
| Ingersoll Rand, Inc. |  |  |
| 5.18%, 06/15/29 | &nbsp;&nbsp; 5883 | 6101687 |
| 5.45%, 06/15/34 | &nbsp;&nbsp; 5923 | 6215455 |
| 5.70%, 08/14/33 | &nbsp;&nbsp; 7354 | 7866183 |
| John Deere Capital Corp. |  |  |
| 4.40%, 09/08/31<sup>(a)</sup> | &nbsp;&nbsp; 9604 | 9785225 |
| 4.70%, 06/10/30<sup>(a)</sup> | &nbsp;&nbsp; 9827 | 10138776 |
| 4.85%, 06/11/29<sup>(a)</sup> | &nbsp;&nbsp; 5360 | 5532027 |
| 4.90%, 03/07/31<sup>(a)</sup> | &nbsp;&nbsp; 10484 | 10910417 |
| 5.10%, 04/11/34 | &nbsp;&nbsp; 9837 | 10275451 |
| 5.15%, 09/08/33<sup>(a)</sup> | &nbsp;&nbsp; 11617 | 12281803 |
| Series 1, 5.05%, 06/12/34<sup>(a)</sup> | &nbsp;&nbsp; 7979 | 8308807 |
| Series I, 4.55%, 06/05/30 | &nbsp;&nbsp; 8881 | 9092707 |
| Otis Worldwide Corp. |  |  |
| 2.57%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 14559 | 13748406 |
| 3.11%, 02/15/40 | &nbsp;&nbsp; 6613 | 5295536 |
| 3.36%, 02/15/50<sup>(a)</sup> | &nbsp;&nbsp; 2338 | 1682112 |
| Regal Rexnord Corp. |  |  |
| 6.30%, 02/15/30 | &nbsp;&nbsp; 8698 | 9281443 |
| 6.40%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 12071 | 13124092 |
| Westinghouse Air Brake Technologies Corp., <br> 5.50%, 05/29/35<br>| &nbsp;&nbsp; 5106 | 5367767 |
|  |  | 244367928 |
| **Manufacturing — 0.2%** | **Manufacturing — 0.2%** | **Manufacturing — 0.2%** |
| 3M Co. |  |  |
| 2.38%, 08/26/29<sup>(a)</sup> | &nbsp;&nbsp; 10283 | 9765018 |
| 3.25%, 08/26/49 | &nbsp;&nbsp; 7494 | 5256600 |
| 3.38%, 03/01/29 | &nbsp;&nbsp; 3717 | 3659357 |
| 4.00%, 09/14/48 | &nbsp;&nbsp; 6061 | 4872126 |
| Eaton Corp. |  |  |
| 4.15%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6170 | 6147934 |
| 4.15%, 11/02/42 | &nbsp;&nbsp; 4170 | 3698684 |
| Parker-Hannifin Corp. |  |  |
| 3.25%, 06/14/29 | &nbsp;&nbsp; 6819 | 6682087 |
| 4.00%, 06/14/49 | &nbsp;&nbsp; 2951 | 2429463 |
| 4.50%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6625 | 6744573 |
| Teledyne Technologies, Inc., 2.75%, 04/01/31 | &nbsp;&nbsp; 5169 | 4830124 |
|  |  | 54085966 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media — 3.1%** | **Media — 3.1%** | **Media — 3.1%** |
| Charter Communications <br> Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| 2.30%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; $9446 | $8241012 |
| 2.80%, 04/01/31 | &nbsp;&nbsp; 10055 | 9138979 |
| 3.50%, 06/01/41<sup>(a)</sup> | &nbsp;&nbsp; 12247 | 8834495 |
| 3.50%, 03/01/42 | &nbsp;&nbsp; 11910 | 8415252 |
| 3.70%, 04/01/51 | &nbsp;&nbsp; 17040 | 11011049 |
| 3.85%, 04/01/61 | &nbsp;&nbsp; 15442 | 9336255 |
| 3.90%, 06/01/52 | &nbsp;&nbsp; 19223 | 12638571 |
| 3.95%, 06/30/62 | &nbsp;&nbsp; 13296 | 8107082 |
| 4.40%, 04/01/33 | &nbsp;&nbsp; 9593 | 9138123 |
| 4.40%, 12/01/61 | &nbsp;&nbsp; 12519 | 8355805 |
| 4.80%, 03/01/50 | &nbsp;&nbsp; 22743 | 17398024 |
| 5.05%, 03/30/29 | &nbsp;&nbsp; 3991 | 4047576 |
| 5.13%, 07/01/49 | &nbsp;&nbsp; 11656 | 9220922 |
| 5.25%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 11753 | 9474532 |
| 5.38%, 04/01/38 | &nbsp;&nbsp; 9410 | 8714155 |
| 5.38%, 05/01/47 | &nbsp;&nbsp; 20391 | 16964109 |
| 5.50%, 04/01/63 | &nbsp;&nbsp; 8561 | 6817567 |
| 5.75%, 04/01/48 | &nbsp;&nbsp; 18534 | 16103101 |
| 5.85%, 12/01/35<sup>(a)</sup> | &nbsp;&nbsp; 13820 | 13903590 |
| 6.10%, 06/01/29 | &nbsp;&nbsp; 9052 | 9482334 |
| 6.38%, 10/23/35 | &nbsp;&nbsp; 14303 | 14879262 |
| 6.48%, 10/23/45 | &nbsp;&nbsp; 24480 | 23242727 |
| 6.55%, 06/01/34 | &nbsp;&nbsp; 11826 | 12543079 |
| 6.65%, 02/01/34 | &nbsp;&nbsp; 8414 | 8930012 |
| 6.70%, 12/01/55<sup>(a)</sup> | &nbsp;&nbsp; 5742 | 5591106 |
| Comcast Corp. |  |  |
| 1.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 9147 | 8068960 |
| 1.95%, 01/15/31 | &nbsp;&nbsp; 8387 | 7578654 |
| 2.45%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 13602 | 7428304 |
| 2.65%, 02/01/30 | &nbsp;&nbsp; 9115 | 8665781 |
| 2.65%, 08/15/62 | &nbsp;&nbsp; 9239 | 4805930 |
| 2.80%, 01/15/51<sup>(a)</sup> | &nbsp;&nbsp; 15609 | 9317045 |
| 2.89%, 11/01/51<sup>(a)</sup> | &nbsp;&nbsp; 41045 | 24736582 |
| 2.94%, 11/01/56<sup>(a)</sup> | &nbsp;&nbsp; 46604 | 27155596 |
| 2.99%, 11/01/63 | &nbsp;&nbsp; 32737 | 18239613 |
| 3.20%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 8406 | 7292386 |
| 3.25%, 11/01/39 | &nbsp;&nbsp; 12363 | 9857743 |
| 3.40%, 04/01/30 | &nbsp;&nbsp; 8604 | 8407526 |
| 3.40%, 07/15/46<sup>(a)</sup> | &nbsp;&nbsp; 11253 | 8035750 |
| 3.45%, 02/01/50<sup>(a)</sup> | &nbsp;&nbsp; 17514 | 12033122 |
| 3.75%, 04/01/40<sup>(a)</sup> | &nbsp;&nbsp; 16872 | 14199124 |
| 3.90%, 03/01/38<sup>(a)</sup> | &nbsp;&nbsp; 10817 | 9608135 |
| 3.97%, 11/01/47<sup>(a)</sup> | &nbsp;&nbsp; 16005 | 12299995 |
| 4.00%, 08/15/47 | &nbsp;&nbsp; 7406 | 5742681 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 8058 | 6217522 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 17434 | 13173341 |
| 4.05%, 11/01/52<sup>(a)</sup> | &nbsp;&nbsp; 9831 | 7389756 |
| 4.20%, 08/15/34 | &nbsp;&nbsp; 11359 | 11017689 |
| 4.25%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 8369 | 8436206 |
| 4.25%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 14427 | 14282338 |
| 4.40%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9845 | 9553721 |
| 4.60%, 10/15/38 | &nbsp;&nbsp; 10760 | 10163546 |
| 4.60%, 08/15/45 | &nbsp;&nbsp; 8042 | 7027906 |
| 4.65%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6639 | 6742475 |
| 4.70%, 10/15/48 | &nbsp;&nbsp; 14989 | 12798136 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 9372 | 9552602 |
| 4.95%, 10/15/58<sup>(a)</sup> | &nbsp;&nbsp; 7867 | 6737385 |
| 5.17%, 01/15/37<sup>(c)</sup> | &nbsp;&nbsp; 440 | 442550 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 5.30%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; $13973 | $14572454 |
| 5.30%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9655 | 10094300 |
| 5.35%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 12764 | 11763901 |
| 5.50%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10107 | 10777562 |
| 5.50%, 05/15/64<sup>(a)</sup> | &nbsp;&nbsp; 10005 | 9219276 |
| 5.65%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8572 | 9126472 |
| 5.65%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 11243 | 10833814 |
| 6.05%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 8117 | 8304060 |
| 7.05%, 03/15/33 | &nbsp;&nbsp; 10679 | 12333661 |
| Fox Corp. |  |  |
| 5.48%, 01/25/39 | &nbsp;&nbsp; 9940 | 9894405 |
| 5.58%, 01/25/49<sup>(a)</sup> | &nbsp;&nbsp; 11325 | 10750345 |
| 6.50%, 10/13/33 | &nbsp;&nbsp; 12461 | 13667067 |
| Paramount Global |  |  |
| 4.20%, 05/19/32<sup>(a)</sup> | &nbsp;&nbsp; 4358 | 3836733 |
| 4.38%, 03/15/43<sup>(a)</sup> | &nbsp;&nbsp; 6292 | 3953352 |
| 4.95%, 01/15/31 | &nbsp;&nbsp; 2543 | 2383516 |
| 4.95%, 05/19/50 | &nbsp;&nbsp; 3339 | 2102437 |
| 5.85%, 09/01/43 | &nbsp;&nbsp; 6608 | 4896227 |
| 6.88%, 04/30/36 | &nbsp;&nbsp; 7043 | 6411425 |
| 7.88%, 07/30/30 | &nbsp;&nbsp; 1924 | 2028332 |
| Time Warner Cable Enterprises LLC, 8.38%, <br> 07/15/33<br>| &nbsp;&nbsp; 8604 | 10071965 |
| Time Warner Cable LLC |  |  |
| 4.50%, 09/15/42 | &nbsp;&nbsp; 9874 | 7813482 |
| 5.50%, 09/01/41 | &nbsp;&nbsp; 10286 | 9170811 |
| 5.88%, 11/15/40 | &nbsp;&nbsp; 10827 | 10158227 |
| 6.55%, 05/01/37 | &nbsp;&nbsp; 12429 | 12818677 |
| 6.75%, 06/15/39<sup>(a)</sup> | &nbsp;&nbsp; 12562 | 12867172 |
| 7.30%, 07/01/38 | &nbsp;&nbsp; 11010 | 11911210 |
| TWDC Enterprises 18 Corp., 4.13%, 06/01/44 | &nbsp;&nbsp; 4838 | 4138761 |
| Walt Disney Co.(The) |  |  |
| 2.00%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15625 | 14731089 |
| 2.65%, 01/13/31<sup>(a)</sup> | &nbsp;&nbsp; 16963 | 16045778 |
| 2.75%, 09/01/49 | &nbsp;&nbsp; 19996 | 12884871 |
| 3.50%, 05/13/40<sup>(a)</sup> | &nbsp;&nbsp; 16901 | 14315039 |
| 3.60%, 01/13/51<sup>(a)</sup> | &nbsp;&nbsp; 18217 | 13705325 |
| 3.80%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp; 11483 | 11472165 |
| 3.80%, 05/13/60<sup>(a)</sup> | &nbsp;&nbsp; 9856 | 7296957 |
| 4.00%, 03/14/31 | &nbsp;&nbsp; 12640 | 12662695 |
| 4.63%, 03/14/36 | &nbsp;&nbsp; 14159 | 14102381 |
| 4.63%, 03/23/40<sup>(a)</sup> | &nbsp;&nbsp; 11757 | 11368450 |
| 4.70%, 03/23/50<sup>(a)</sup> | &nbsp;&nbsp; 12177 | 10988737 |
| 6.20%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 13840 | 15650471 |
| 6.40%, 12/15/35 | &nbsp;&nbsp; 6932 | 7882703 |
| 6.65%, 11/15/37<sup>(a)</sup> | &nbsp;&nbsp; 10838 | 12505113 |
|  |  | 1009048237 |
| **Mining — 0.8%** | **Mining — 0.8%** | **Mining — 0.8%** |
| Barrick North America Finance LLC |  |  |
| 5.70%, 05/30/41 | &nbsp;&nbsp; 5572 | 5780681 |
| 5.75%, 05/01/43 | &nbsp;&nbsp; 5553 | 5769614 |
| Barrick PD Australia Finance Pty. Ltd., 5.95%, <br> 10/15/39<br>| &nbsp;&nbsp; 6158 | 6601338 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.13%, 02/24/42 | &nbsp;&nbsp; 10913 | 9512106 |
| 4.90%, 02/28/33 | &nbsp;&nbsp; 7349 | 7569178 |
| 5.00%, 02/21/30 | &nbsp;&nbsp; 8453 | 8763627 |
| 5.00%, 09/30/43 | &nbsp;&nbsp; 16706 | 16213240 |
| 5.13%, 02/21/32 | &nbsp;&nbsp; 7626 | 7973319 |
| 5.25%, 09/08/30 | &nbsp;&nbsp; 7975 | 8362416 |
| 5.25%, 09/08/33 | &nbsp;&nbsp; 12480 | 13084073 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| 5.30%, 02/21/35<sup>(a)</sup> | &nbsp;&nbsp; $10444 | $10936782 |
| 5.50%, 09/08/53<sup>(a)</sup> | &nbsp;&nbsp; 7581 | 7635563 |
| 5.75%, 09/05/55<sup>(a)</sup> | &nbsp;&nbsp; 8505 | 8852479 |
| Freeport-McMoRan, Inc., 5.45%, 03/15/43 | &nbsp;&nbsp; 13705 | 13546870 |
| Newmont Corp., 2.60%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8977 | 8241180 |
| Newmont Corp./Newcrest Finance Pty. Ltd., <br> 5.35%, 03/15/34<sup>(a)</sup><br>| &nbsp;&nbsp; 6548 | 6915243 |
| Rio Tinto Alcan, Inc., 6.13%, 12/15/33 | &nbsp;&nbsp; 6380 | 7028417 |
| Rio Tinto Finance USA Ltd. |  |  |
| 2.75%, 11/02/51 | &nbsp;&nbsp; 14923 | 9439673 |
| 5.20%, 11/02/40 | &nbsp;&nbsp; 7290 | 7373050 |
| Rio Tinto Finance USA PLC |  |  |
| 4.13%, 08/21/42 | &nbsp;&nbsp; 5535 | 4797390 |
| 4.88%, 03/14/30 | &nbsp;&nbsp; 15314 | 15808520 |
| 5.00%, 03/14/32<sup>(a)</sup> | &nbsp;&nbsp; 13070 | 13579555 |
| 5.13%, 03/09/53 | &nbsp;&nbsp; 8909 | 8445385 |
| 5.25%, 03/14/35<sup>(a)</sup> | &nbsp;&nbsp; 13490 | 14063550 |
| 5.75%, 03/14/55 | &nbsp;&nbsp; 11175 | 11582881 |
| 5.88%, 03/14/65<sup>(a)</sup> | &nbsp;&nbsp; 7079 | 7374981 |
|  |  | 245251111 |
| **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** |
| CDW LLC/CDW Finance Corp., 3.57%, <br> 12/01/31<br>| &nbsp;&nbsp; 6264 | 5841978 |
| **Oil & Gas — 3.9%** | **Oil & Gas — 3.9%** | **Oil & Gas — 3.9%** |
| Antero Resources Corp., 5.40%, 02/01/36<sup>(a)</sup> | &nbsp;&nbsp; 2775 | 2777687 |
| BP Capital Markets America, Inc. |  |  |
| 1.75%, 08/10/30<sup>(a)</sup> | &nbsp;&nbsp; 7045 | 6404995 |
| 2.72%, 01/12/32 | &nbsp;&nbsp; 15291 | 14128451 |
| 2.77%, 11/10/50<sup>(a)</sup> | &nbsp;&nbsp; 11569 | 7330773 |
| 2.94%, 06/04/51 | &nbsp;&nbsp; 18316 | 11962044 |
| 3.00%, 02/24/50 | &nbsp;&nbsp; 19250 | 12863803 |
| 3.00%, 03/17/52 | &nbsp;&nbsp; 11976 | 7871291 |
| 3.06%, 06/17/41<sup>(a)</sup> | &nbsp;&nbsp; 14275 | 11101174 |
| 3.38%, 02/08/61 | &nbsp;&nbsp; 15730 | 10540553 |
| 3.63%, 04/06/30 | &nbsp;&nbsp; 8837 | 8741913 |
| 4.70%, 04/10/29 | &nbsp;&nbsp; 4124 | 4224522 |
| 4.81%, 02/13/33<sup>(a)</sup> | &nbsp;&nbsp; 15508 | 15879494 |
| 4.89%, 09/11/33<sup>(a)</sup> | &nbsp;&nbsp; 11975 | 12297251 |
| 4.97%, 10/17/29<sup>(a)</sup> | &nbsp;&nbsp; 4828 | 4998709 |
| 4.99%, 04/10/34 | &nbsp;&nbsp; 9194 | 9493310 |
| 5.23%, 11/17/34<sup>(a)</sup> | &nbsp;&nbsp; 12507 | 13070355 |
| Canadian Natural Resources Ltd. |  |  |
| 4.95%, 06/01/47<sup>(a)</sup> | &nbsp;&nbsp; 1882 | 1711479 |
| 5.00%, 12/15/29 | &nbsp;&nbsp; 9704 | 10001205 |
| 5.40%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7573 | 7823205 |
| 6.25%, 03/15/38<sup>(a)</sup> | &nbsp;&nbsp; 8243 | 8884971 |
| Cenovus Energy, Inc., 3.75%, 02/15/52<sup>(a)</sup> | &nbsp;&nbsp; 3722 | 2689221 |
| Chevron Corp. |  |  |
| 2.24%, 05/11/30<sup>(a)</sup> | &nbsp;&nbsp; 11951 | 11196423 |
| 3.08%, 05/11/50 | &nbsp;&nbsp; 6664 | 4666743 |
| Chevron USA, Inc. |  |  |
| 2.34%, 08/12/50<sup>(a)</sup> | &nbsp;&nbsp; 4822 | 2890466 |
| 4.30%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7880 | 8021622 |
| 4.50%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10181 | 10413969 |
| 4.69%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 9617 | 9906793 |
| 4.85%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7293 | 7485135 |
| 4.98%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5544 | 5753314 |
| ConocoPhillips, 6.50%, 02/01/39<sup>(a)</sup> | &nbsp;&nbsp; 10372 | 11833112 |
| ConocoPhillips Co. |  |  |
| 3.76%, 03/15/42 | &nbsp;&nbsp; 6845 | 5724905 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 3.80%, 03/15/52 | &nbsp;&nbsp; $11578 | $8752878 |
| 4.03%, 03/15/62 | &nbsp;&nbsp; 12330 | 9178549 |
| 4.30%, 11/15/44 | &nbsp;&nbsp; 8737 | 7580662 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 9761 | 9996542 |
| 5.00%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 10293 | 10582168 |
| 5.05%, 09/15/33 | &nbsp;&nbsp; 9913 | 10304182 |
| 5.30%, 05/15/53 | &nbsp;&nbsp; 10492 | 9965857 |
| 5.50%, 01/15/55<sup>(a)</sup> | &nbsp;&nbsp; 9809 | 9609887 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 8076 | 7953106 |
| Coterra Energy, Inc. |  |  |
| 5.40%, 02/15/35 | &nbsp;&nbsp; 6876 | 7094340 |
| 5.90%, 02/15/55 | &nbsp;&nbsp; 3472 | 3441509 |
| Devon Energy Corp. |  |  |
| 4.75%, 05/15/42 | &nbsp;&nbsp; 6873 | 6218051 |
| 5.00%, 06/15/45<sup>(a)</sup> | &nbsp;&nbsp; 6524 | 5919639 |
| 5.20%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 10021 | 10265163 |
| 5.60%, 07/15/41<sup>(a)</sup> | &nbsp;&nbsp; 9584 | 9569208 |
| 5.75%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 9031 | 8773937 |
| Diamondback Energy, Inc. |  |  |
| 3.13%, 03/24/31<sup>(a)</sup> | &nbsp;&nbsp; 8733 | 8281320 |
| 3.50%, 12/01/29 | &nbsp;&nbsp; 6877 | 6730877 |
| 4.25%, 03/15/52 | &nbsp;&nbsp; 6833 | 5461654 |
| 5.15%, 01/30/30 | &nbsp;&nbsp; 7447 | 7724317 |
| 5.40%, 04/18/34 | &nbsp;&nbsp; 10103 | 10491822 |
| 5.55%, 04/01/35<sup>(a)</sup> | &nbsp;&nbsp; 8805 | 9197022 |
| 5.75%, 04/18/54<sup>(a)</sup> | &nbsp;&nbsp; 12144 | 11829441 |
| 5.90%, 04/18/64<sup>(a)</sup> | &nbsp;&nbsp; 6373 | 6237172 |
| 6.25%, 03/15/33 | &nbsp;&nbsp; 11498 | 12564749 |
| EOG Resources, Inc. |  |  |
| 4.38%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5954 | 6037475 |
| 4.40%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8895 | 8991955 |
| 4.95%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 7438 | 6761446 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 8495 | 8809119 |
| 5.35%, 01/15/36 | &nbsp;&nbsp; 10377 | 10774250 |
| 5.65%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 9062 | 9048310 |
| 5.95%, 07/15/55 | &nbsp;&nbsp; 5991 | 6247522 |
| EQT Corp. |  |  |
| 4.75%, 01/15/31 | &nbsp;&nbsp; 7499 | 7601871 |
| 5.75%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5342 | 5660362 |
| Equinor ASA |  |  |
| 2.38%, 05/22/30 | &nbsp;&nbsp; 1449 | 1360802 |
| 3.13%, 04/06/30 | &nbsp;&nbsp; 3707 | 3595563 |
| 3.25%, 11/18/49 | &nbsp;&nbsp; 1812 | 1282952 |
| 3.70%, 04/06/50 | &nbsp;&nbsp; 1709 | 1322226 |
| 3.95%, 05/15/43 | &nbsp;&nbsp; 1649 | 1392899 |
| 4.75%, 11/14/35 | &nbsp;&nbsp; 3225 | 3239550 |
| 4.80%, 11/08/43 | &nbsp;&nbsp; 1854 | 1742070 |
| 5.10%, 08/17/40<sup>(a)</sup> | &nbsp;&nbsp; 1661 | 1665228 |
| 5.13%, 06/03/35<sup>(a)</sup> | &nbsp;&nbsp; 5500 | 5709362 |
| Expand Energy Corp. |  |  |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 7219 | 7196163 |
| 5.38%, 03/15/30 | &nbsp;&nbsp; 3136 | 3184216 |
| 5.70%, 01/15/35 | &nbsp;&nbsp; 5200 | 5440356 |
| Exxon Mobil Corp. |  |  |
| 2.44%, 08/16/29<sup>(a)</sup> | &nbsp;&nbsp; 8561 | 8240228 |
| 2.61%, 10/15/30 | &nbsp;&nbsp; 10584 | 10037406 |
| 3.00%, 08/16/39 | &nbsp;&nbsp; 8742 | 7135124 |
| 3.10%, 08/16/49 | &nbsp;&nbsp; 18638 | 13055181 |
| 3.45%, 04/15/51<sup>(a)</sup> | &nbsp;&nbsp; 25001 | 18357999 |
| 3.48%, 03/19/30<sup>(a)</sup> | &nbsp;&nbsp; 13398 | 13214836 |
| 3.57%, 03/06/45<sup>(a)</sup> | &nbsp;&nbsp; 9196 | 7365481 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 4.11%, 03/01/46 | &nbsp;&nbsp; $14603 | $12439037 |
| 4.23%, 03/19/40 | &nbsp;&nbsp; 16804 | 15639851 |
| 4.33%, 03/19/50 | &nbsp;&nbsp; 21198 | 18141812 |
| Hess Corp. |  |  |
| 5.60%, 02/15/41 | &nbsp;&nbsp; 4952 | 5197969 |
| 6.00%, 01/15/40 | &nbsp;&nbsp; 7655 | 8367249 |
| Marathon Petroleum Corp. |  |  |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 3214 | 2829663 |
| 5.15%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 9602 | 9944240 |
| 5.70%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 6706 | 7054758 |
| 6.50%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 9638 | 10531927 |
| Occidental Petroleum Corp. |  |  |
| 5.38%, 01/01/32<sup>(a)</sup> | &nbsp;&nbsp; 8860 | 9225664 |
| 5.55%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 11804 | 12312787 |
| 6.05%, 10/01/54<sup>(a)</sup> | &nbsp;&nbsp; 5616 | 5591662 |
| 6.13%, 01/01/31 | &nbsp;&nbsp; 12417 | 13354650 |
| 6.45%, 09/15/36 | &nbsp;&nbsp; 13514 | 14719804 |
| 6.60%, 03/15/46<sup>(a)</sup> | &nbsp;&nbsp; 7518 | 7974785 |
| 6.63%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp; 9462 | 10247495 |
| 7.50%, 05/01/31 | &nbsp;&nbsp; 6530 | 7441197 |
| 8.88%, 07/15/30 | &nbsp;&nbsp; 9682 | 11255060 |
| Phillips 66 |  |  |
| 2.15%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp; 14307 | 13030748 |
| 3.30%, 03/15/52 | &nbsp;&nbsp; 8244 | 5525687 |
| 4.65%, 11/15/34<sup>(a)</sup> | &nbsp;&nbsp; 8103 | 8036537 |
| 4.88%, 11/15/44 | &nbsp;&nbsp; 12553 | 11300501 |
| 5.88%, 05/01/42 | &nbsp;&nbsp; 12101 | 12442667 |
| Phillips 66 Co. |  |  |
| 5.25%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 12955 | 13534721 |
| 5.30%, 06/30/33<sup>(a)</sup> | &nbsp;&nbsp; 7294 | 7579402 |
| Pioneer Natural Resources Co. |  |  |
| 1.90%, 08/15/30 | &nbsp;&nbsp; 7071 | 6485743 |
| 2.15%, 01/15/31 | &nbsp;&nbsp; 4545 | 4180885 |
| Shell Finance U.S., Inc. |  |  |
| 2.38%, 11/07/29 | &nbsp;&nbsp; 8332 | 7923902 |
| 2.75%, 04/06/30 | &nbsp;&nbsp; 10734 | 10266012 |
| 3.00%, 11/26/51<sup>(a)(c)</sup> | &nbsp;&nbsp; 8975 | 5938970 |
| 3.13%, 11/07/49<sup>(a)(c)</sup> | &nbsp;&nbsp; 14015 | 9778535 |
| 3.25%, 04/06/50<sup>(a)</sup> | &nbsp;&nbsp; 19028 | 13420951 |
| 3.75%, 09/12/46 | &nbsp;&nbsp; 8081 | 6405173 |
| 4.00%, 05/10/46<sup>(a)</sup> | &nbsp;&nbsp; 14167 | 11696039 |
| 4.13%, 11/06/30 | &nbsp;&nbsp; 8083 | 8139535 |
| 4.13%, 05/11/35<sup>(a)</sup> | &nbsp;&nbsp; 8705 | 8481962 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 20214 | 17705665 |
| 4.55%, 08/12/43 | &nbsp;&nbsp; 9490 | 8674620 |
| 4.75%, 01/06/36 | &nbsp;&nbsp; 9632 | 9710377 |
| 5.50%, 03/25/40<sup>(c)</sup> | &nbsp;&nbsp; 7687 | 8017177 |
| 6.38%, 12/15/38<sup>(a)(c)</sup> | &nbsp;&nbsp; 6846 | 7763033 |
| Suncor Energy, Inc. |  |  |
| 3.75%, 03/04/51<sup>(a)</sup> | &nbsp;&nbsp; 4528 | 3319955 |
| 4.00%, 11/15/47<sup>(a)</sup> | &nbsp;&nbsp; 4736 | 3701813 |
| 6.85%, 06/01/39<sup>(a)</sup> | &nbsp;&nbsp; 5856 | 6598543 |
| TotalEnergies Capital International SA |  |  |
| 2.83%, 01/10/30 | &nbsp;&nbsp; 12922 | 12468244 |
| 2.99%, 06/29/41 | &nbsp;&nbsp; 9525 | 7347169 |
| 3.13%, 05/29/50<sup>(a)</sup> | &nbsp;&nbsp; 19936 | 13662615 |
| 3.39%, 06/29/60 | &nbsp;&nbsp; 4939 | 3279360 |
| 3.46%, 07/12/49 | &nbsp;&nbsp; 11255 | 8270032 |
| TotalEnergies Capital SA |  |  |
| 4.72%, 09/10/34<sup>(a)</sup> | &nbsp;&nbsp; 10819 | 11034508 |
| 5.15%, 04/05/34 | &nbsp;&nbsp; 8156 | 8532628 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 5.28%, 09/10/54<sup>(a)</sup> | &nbsp;&nbsp; $9293 | $8903380 |
| 5.43%, 09/10/64 | &nbsp;&nbsp; 9027 | 8607588 |
| 5.49%, 04/05/54 | &nbsp;&nbsp; 12887 | 12725159 |
| 5.64%, 04/05/64 | &nbsp;&nbsp; 10158 | 10051313 |
| TotalEnergies Capital USA LLC |  |  |
| 4.25%, 01/13/31 | &nbsp;&nbsp; 5348 | 5392781 |
| 4.57%, 01/13/33 | &nbsp;&nbsp; 6119 | 6194847 |
| 4.86%, 01/13/36 | &nbsp;&nbsp; 3174 | 3202814 |
| Valero Energy Corp. |  |  |
| 3.65%, 12/01/51<sup>(a)</sup> | &nbsp;&nbsp; 2990 | 2125933 |
| 6.63%, 06/15/37<sup>(a)</sup> | &nbsp;&nbsp; 10033 | 11277215 |
| Woodside Finance Ltd. |  |  |
| 5.10%, 09/12/34 | &nbsp;&nbsp; 7261 | 7288770 |
| 5.40%, 05/19/30 | &nbsp;&nbsp; 9339 | 9682128 |
| 5.70%, 09/12/54<sup>(a)</sup> | &nbsp;&nbsp; 5925 | 5698488 |
| 6.00%, 05/19/35<sup>(a)</sup> | &nbsp;&nbsp; 10383 | 10983245 |
|  |  | 1239539872 |
| **Oil & Gas Services — 0.2%** | **Oil & Gas Services — 0.2%** | **Oil & Gas Services — 0.2%** |
| Baker Hughes Holdings LLC, 5.13%, 09/15/40 | &nbsp;&nbsp; 7086 | 7026312 |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc., 4.08%, 12/15/47<br>| &nbsp;&nbsp; 7187 | 5836508 |
| Halliburton Co. |  |  |
| 2.92%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 7010 | 6716257 |
| 4.75%, 08/01/43 | &nbsp;&nbsp; 5524 | 4991708 |
| 4.85%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8622 | 8622729 |
| 5.00%, 11/15/45<sup>(a)</sup> | &nbsp;&nbsp; 14249 | 13065091 |
| 6.70%, 09/15/38<sup>(a)</sup> | &nbsp;&nbsp; 6958 | 7929885 |
| 7.45%, 09/15/39 | &nbsp;&nbsp; 7364 | 8899145 |
|  |  | 63087635 |
| **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** |
| Amcor Flexibles North America, Inc. |  |  |
| 2.69%, 05/25/31 | &nbsp;&nbsp; 7166 | 6618905 |
| 5.50%, 03/17/35<sup>(a)</sup> | &nbsp;&nbsp; 5567 | 5857951 |
| Berry Global, Inc. |  |  |
| 5.65%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6077 | 6416016 |
| 5.80%, 06/15/31 | &nbsp;&nbsp; 7907 | 8417837 |
| Smurfit Kappa Treasury ULC |  |  |
| 5.20%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7797 | 8083406 |
| 5.44%, 04/03/34 | &nbsp;&nbsp; 5725 | 5966030 |
| 5.78%, 04/03/54<sup>(a)</sup> | &nbsp;&nbsp; 9356 | 9481011 |
| Smurfit Westrock Financing DAC |  |  |
| 5.19%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 5923 | 6029695 |
| 5.42%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9345 | 9693566 |
| WRKCo, Inc., 4.90%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4966 | 5081030 |
|  |  | 71645447 |
| **Pharmaceuticals — 7.0%** | **Pharmaceuticals — 7.0%** | **Pharmaceuticals — 7.0%** |
| AbbVie, Inc. |  |  |
| 3.20%, 11/21/29 | &nbsp;&nbsp; 44600 | 43534881 |
| 4.05%, 11/21/39<sup>(a)</sup> | &nbsp;&nbsp; 29818 | 26953629 |
| 4.13%, 03/15/31 | &nbsp;&nbsp; 5825 | 5839103 |
| 4.25%, 11/21/49 | &nbsp;&nbsp; 46596 | 39233375 |
| 4.30%, 05/14/36 | &nbsp;&nbsp; 6110 | 5919834 |
| 4.40%, 03/15/33 | &nbsp;&nbsp; 10625 | 10661557 |
| 4.40%, 11/06/42 | &nbsp;&nbsp; 21302 | 19310951 |
| 4.45%, 05/14/46 | &nbsp;&nbsp; 19018 | 16792377 |
| 4.50%, 05/14/35 | &nbsp;&nbsp; 15743 | 15603138 |
| 4.55%, 03/15/35 | &nbsp;&nbsp; 16449 | 16369869 |
| 4.70%, 05/14/45 | &nbsp;&nbsp; 19813 | 18167423 |
| 4.75%, 03/15/36 | &nbsp;&nbsp; 6635 | 6665322 |
| 4.75%, 03/15/45 | &nbsp;&nbsp; 11073 | 10264075 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.80%, 03/15/29 | &nbsp;&nbsp; $5197 | $5342142 |
| 4.85%, 06/15/44<sup>(a)</sup> | &nbsp;&nbsp; 10412 | 9792164 |
| 4.88%, 03/15/30 | &nbsp;&nbsp; 7766 | 8023216 |
| 4.88%, 11/14/48<sup>(a)</sup> | &nbsp;&nbsp; 19541 | 18021208 |
| 4.95%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 15674 | 16307292 |
| 5.05%, 03/15/34 | &nbsp;&nbsp; 16184 | 16793404 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 11127 | 11606704 |
| 5.35%, 03/15/44 | &nbsp;&nbsp; 8737 | 8758962 |
| 5.40%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 21983 | 21592800 |
| 5.50%, 03/15/64 | &nbsp;&nbsp; 11886 | 11687069 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 2895 | 2911240 |
| 5.60%, 03/15/55 | &nbsp;&nbsp; 9963 | 10071167 |
| Astrazeneca Finance LLC |  |  |
| 2.25%, 05/28/31 | &nbsp;&nbsp; 6043 | 5533292 |
| 4.60%, 03/02/36 | &nbsp;&nbsp; 3875 | 3872413 |
| 4.90%, 02/26/31<sup>(a)</sup> | &nbsp;&nbsp; 7886 | 8199118 |
| 5.00%, 02/26/34 | &nbsp;&nbsp; 9735 | 10130131 |
| AstraZeneca PLC |  |  |
| 1.38%, 08/06/30 | &nbsp;&nbsp; 10451 | 9376956 |
| 3.00%, 05/28/51<sup>(a)</sup> | &nbsp;&nbsp; 8526 | 5853822 |
| 4.00%, 09/18/42 | &nbsp;&nbsp; 8475 | 7398666 |
| 4.38%, 11/16/45 | &nbsp;&nbsp; 8217 | 7342018 |
| 4.38%, 08/17/48<sup>(a)</sup> | &nbsp;&nbsp; 7751 | 6862362 |
| 6.45%, 09/15/37 | &nbsp;&nbsp; 20059 | 22979015 |
| Becton Dickinson & Co. |  |  |
| 1.96%, 02/11/31 | &nbsp;&nbsp; 8774 | 7884874 |
| 2.82%, 05/20/30 | &nbsp;&nbsp; 5181 | 4925022 |
| Bristol-Myers Squibb Co. |  |  |
| 1.45%, 11/13/30<sup>(a)</sup> | &nbsp;&nbsp; 10092 | 9013584 |
| 2.35%, 11/13/40<sup>(a)</sup> | &nbsp;&nbsp; 11490 | 8300255 |
| 2.55%, 11/13/50 | &nbsp;&nbsp; 14400 | 8706492 |
| 2.95%, 03/15/32 | &nbsp;&nbsp; 11363 | 10617430 |
| 3.40%, 07/26/29 | &nbsp;&nbsp; 11475 | 11310376 |
| 3.55%, 03/15/42 | &nbsp;&nbsp; 12328 | 10093051 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 22507 | 16796288 |
| 3.90%, 03/15/62 | &nbsp;&nbsp; 8095 | 5965373 |
| 4.13%, 06/15/39<sup>(a)</sup> | &nbsp;&nbsp; 13948 | 12801073 |
| 4.25%, 10/26/49<sup>(a)</sup> | &nbsp;&nbsp; 23501 | 19526154 |
| 4.35%, 11/15/47 | &nbsp;&nbsp; 11139 | 9539661 |
| 4.55%, 02/20/48 | &nbsp;&nbsp; 11224 | 9832065 |
| 5.10%, 02/22/31 | &nbsp;&nbsp; 9296 | 9719780 |
| 5.20%, 02/22/34<sup>(a)</sup> | &nbsp;&nbsp; 16478 | 17245703 |
| 5.55%, 02/22/54 | &nbsp;&nbsp; 21988 | 21805788 |
| 5.75%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 8363 | 8974265 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 5011 | 5499501 |
| Cardinal Health, Inc. |  |  |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 5885 | 6065037 |
| 5.35%, 11/15/34 | &nbsp;&nbsp; 5063 | 5267286 |
| Cencora, Inc. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 8201 | 7634406 |
| 4.90%, 02/13/36<sup>(a)</sup> | &nbsp;&nbsp; 4724 | 4749950 |
| CVS Health Corp. |  |  |
| 1.75%, 08/21/30 | &nbsp;&nbsp; 14978 | 13459214 |
| 1.88%, 02/28/31 | &nbsp;&nbsp; 13211 | 11778342 |
| 2.13%, 09/15/31 | &nbsp;&nbsp; 13520 | 12006391 |
| 3.25%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 12382 | 12039520 |
| 3.75%, 04/01/30 | &nbsp;&nbsp; 14194 | 13963448 |
| 4.78%, 03/25/38 | &nbsp;&nbsp; 38041 | 36344010 |
| 5.00%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 11325 | 11613649 |
| 5.05%, 03/25/48 | &nbsp;&nbsp; 62342 | 55650970 |
| 5.13%, 02/21/30 | &nbsp;&nbsp; 17690 | 18237215 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 5.13%, 07/20/45 | &nbsp;&nbsp; $22344 | $20393369 |
| 5.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 10772 | 11213067 |
| 5.25%, 02/21/33 | &nbsp;&nbsp; 15870 | 16474885 |
| 5.30%, 06/01/33 | &nbsp;&nbsp; 12750 | 13208927 |
| 5.30%, 12/05/43 | &nbsp;&nbsp; 8659 | 8171013 |
| 5.40%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 8478 | 8808428 |
| 5.45%, 09/15/35 | &nbsp;&nbsp; 13228 | 13651910 |
| 5.55%, 06/01/31 | &nbsp;&nbsp; 10020 | 10567884 |
| 5.63%, 02/21/53 | &nbsp;&nbsp; 10176 | 9682369 |
| 5.70%, 06/01/34 | &nbsp;&nbsp; 11860 | 12512532 |
| 5.88%, 06/01/53<sup>(a)</sup> | &nbsp;&nbsp; 13193 | 12928591 |
| 6.00%, 06/01/44<sup>(a)</sup> | &nbsp;&nbsp; 8895 | 9034135 |
| 6.00%, 06/01/63<sup>(a)</sup> | &nbsp;&nbsp; 6279 | 6148061 |
| 6.05%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 9199 | 9234408 |
| 6.20%, 09/15/55<sup>(a)</sup> | &nbsp;&nbsp; 9887 | 10133738 |
| Eli Lilly & Co. |  |  |
| 2.25%, 05/15/50 | &nbsp;&nbsp; 13037 | 7634161 |
| 2.50%, 09/15/60 | &nbsp;&nbsp; 7745 | 4283256 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 3195 | 3163786 |
| 3.95%, 03/15/49<sup>(a)</sup> | &nbsp;&nbsp; 8987 | 7355958 |
| 4.20%, 08/14/29 | &nbsp;&nbsp; 8636 | 8750271 |
| 4.25%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6075 | 6154177 |
| 4.55%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7825 | 7989580 |
| 4.60%, 08/14/34<sup>(a)</sup> | &nbsp;&nbsp; 9834 | 9975622 |
| 4.70%, 02/27/33<sup>(a)</sup> | &nbsp;&nbsp; 7712 | 7940500 |
| 4.70%, 02/09/34 | &nbsp;&nbsp; 6652 | 6800695 |
| 4.75%, 02/12/30<sup>(a)</sup> | &nbsp;&nbsp; 9777 | 10096383 |
| 4.88%, 02/27/53<sup>(a)</sup> | &nbsp;&nbsp; 12060 | 11096628 |
| 4.90%, 02/12/32 | &nbsp;&nbsp; 7997 | 8326464 |
| 4.90%, 10/15/35 | &nbsp;&nbsp; 12144 | 12442214 |
| 4.95%, 02/27/63 | &nbsp;&nbsp; 8844 | 8048884 |
| 5.00%, 02/09/54 | &nbsp;&nbsp; 13250 | 12428770 |
| 5.05%, 08/14/54 | &nbsp;&nbsp; 13599 | 12845587 |
| 5.10%, 02/12/35<sup>(a)</sup> | &nbsp;&nbsp; 12145 | 12619345 |
| 5.10%, 02/09/64 | &nbsp;&nbsp; 8689 | 8078826 |
| 5.20%, 08/14/64<sup>(a)</sup> | &nbsp;&nbsp; 7055 | 6657437 |
| 5.50%, 02/12/55<sup>(a)</sup> | &nbsp;&nbsp; 11226 | 11306384 |
| 5.55%, 10/15/55<sup>(a)</sup> | &nbsp;&nbsp; 7535 | 7650856 |
| 5.60%, 02/12/65 | &nbsp;&nbsp; 8359 | 8414755 |
| 5.65%, 10/15/65 | &nbsp;&nbsp; 8107 | 8217931 |
| GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 | &nbsp;&nbsp; 5549 | 5470205 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 5851 | 5979606 |
| 4.88%, 04/15/35 | &nbsp;&nbsp; 3750 | 3826287 |
| 6.38%, 05/15/38<sup>(a)</sup> | &nbsp;&nbsp; 16090 | 18328792 |
| Johnson & Johnson |  |  |
| 1.30%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp; 13042 | 11769274 |
| 2.10%, 09/01/40<sup>(a)</sup> | &nbsp;&nbsp; 8038 | 5787436 |
| 2.25%, 09/01/50<sup>(a)</sup> | &nbsp;&nbsp; 7465 | 4480187 |
| 2.45%, 09/01/60 | &nbsp;&nbsp; 10022 | 5608789 |
| 3.40%, 01/15/38 | &nbsp;&nbsp; 8050 | 7174550 |
| 3.50%, 01/15/48 | &nbsp;&nbsp; 6006 | 4706483 |
| 3.55%, 03/01/36 | &nbsp;&nbsp; 8017 | 7467344 |
| 3.63%, 03/03/37 | &nbsp;&nbsp; 9932 | 9153736 |
| 3.70%, 03/01/46 | &nbsp;&nbsp; 15207 | 12482532 |
| 3.75%, 03/03/47 | &nbsp;&nbsp; 8075 | 6588433 |
| 4.38%, 12/05/33 | &nbsp;&nbsp; 6860 | 6984468 |
| 4.70%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 8046 | 8339533 |
| 4.80%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7452 | 7720462 |
| 4.85%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 5850 | 6122921 |
| 4.90%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 9201 | 9650999 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.95%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; $7033 | $7440372 |
| 5.00%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 7062 | 7428067 |
| 5.25%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 6839 | 6933049 |
| 5.95%, 08/15/37<sup>(a)</sup> | &nbsp;&nbsp; 7228 | 8112257 |
| Merck & Co., Inc. |  |  |
| 1.45%, 06/24/30 | &nbsp;&nbsp; 11919 | 10782577 |
| 2.15%, 12/10/31 | &nbsp;&nbsp; 10924 | 9854177 |
| 2.35%, 06/24/40<sup>(a)</sup> | &nbsp;&nbsp; 9004 | 6600594 |
| 2.45%, 06/24/50<sup>(a)</sup> | &nbsp;&nbsp; 12583 | 7558189 |
| 2.75%, 12/10/51<sup>(a)</sup> | &nbsp;&nbsp; 19484 | 12245219 |
| 2.90%, 12/10/61 | &nbsp;&nbsp; 9679 | 5752178 |
| 3.40%, 03/07/29 | &nbsp;&nbsp; 4661 | 4617565 |
| 3.70%, 02/10/45 | &nbsp;&nbsp; 17040 | 13775320 |
| 3.90%, 03/07/39<sup>(a)</sup> | &nbsp;&nbsp; 5394 | 4910481 |
| 4.00%, 03/07/49 | &nbsp;&nbsp; 9851 | 8016401 |
| 4.15%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6034 | 6095861 |
| 4.15%, 03/15/31 | &nbsp;&nbsp; 8089 | 8138383 |
| 4.15%, 05/18/43 | &nbsp;&nbsp; 14785 | 12953987 |
| 4.30%, 05/17/30<sup>(a)</sup> | &nbsp;&nbsp; 5917 | 6008587 |
| 4.45%, 12/04/32<sup>(a)</sup> | &nbsp;&nbsp; 8030 | 8135722 |
| 4.50%, 05/17/33<sup>(a)</sup> | &nbsp;&nbsp; 7400 | 7533972 |
| 4.55%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8085 | 8276327 |
| 4.75%, 12/04/35<sup>(a)</sup> | &nbsp;&nbsp; 11126 | 11215168 |
| 4.90%, 05/17/44 | &nbsp;&nbsp; 10107 | 9623850 |
| 4.95%, 09/15/35 | &nbsp;&nbsp; 13006 | 13322432 |
| 5.00%, 05/17/53<sup>(a)</sup> | &nbsp;&nbsp; 12946 | 12053224 |
| 5.15%, 05/17/63 | &nbsp;&nbsp; 8030 | 7466686 |
| 5.50%, 03/15/46 | &nbsp;&nbsp; 6687 | 6761968 |
| 5.55%, 12/04/55 | &nbsp;&nbsp; 9531 | 9543442 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 11740 | 11992227 |
| 5.70%, 12/04/65<sup>(a)</sup> | &nbsp;&nbsp; 9917 | 9954092 |
| Mylan, Inc., 5.20%, 04/15/48 | &nbsp;&nbsp; 3845 | 3191124 |
| Novartis Capital Corp. |  |  |
| 2.20%, 08/14/30 | &nbsp;&nbsp; 19934 | 18576929 |
| 2.75%, 08/14/50<sup>(a)</sup> | &nbsp;&nbsp; 10048 | 6589953 |
| 3.80%, 09/18/29 | &nbsp;&nbsp; 13114 | 13129228 |
| 4.00%, 09/18/31<sup>(a)</sup> | &nbsp;&nbsp; 7230 | 7250384 |
| 4.00%, 11/20/45 | &nbsp;&nbsp; 6731 | 5693795 |
| 4.10%, 11/05/30 | &nbsp;&nbsp; 15483 | 15593827 |
| 4.20%, 09/18/34 | &nbsp;&nbsp; 7839 | 7764836 |
| 4.30%, 11/05/32<sup>(a)</sup> | &nbsp;&nbsp; 7382 | 7433464 |
| 4.40%, 05/06/44 | &nbsp;&nbsp; 13773 | 12419716 |
| 4.60%, 11/05/35<sup>(a)</sup> | &nbsp;&nbsp; 5756 | 5781397 |
| 4.70%, 09/18/54 | &nbsp;&nbsp; 5717 | 5176832 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 4.65%, 05/19/30 | &nbsp;&nbsp; 16443 | 16841933 |
| 4.75%, 05/19/33<sup>(a)</sup> | &nbsp;&nbsp; 35178 | 35915535 |
| 5.11%, 05/19/43<sup>(a)</sup> | &nbsp;&nbsp; 22925 | 22289528 |
| 5.30%, 05/19/53<sup>(a)</sup> | &nbsp;&nbsp; 44295 | 42356261 |
| 5.34%, 05/19/63 | &nbsp;&nbsp; 31136 | 29137122 |
| Pfizer, Inc. |  |  |
| 1.70%, 05/28/30 | &nbsp;&nbsp; 8003 | 7321343 |
| 1.75%, 08/18/31<sup>(a)</sup> | &nbsp;&nbsp; 11098 | 9895695 |
| 2.55%, 05/28/40<sup>(a)</sup> | &nbsp;&nbsp; 10585 | 7941511 |
| 2.63%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 10775 | 10248877 |
| 2.70%, 05/28/50<sup>(a)</sup> | &nbsp;&nbsp; 12083 | 7707459 |
| 3.45%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 7670 | 7611626 |
| 3.90%, 03/15/39<sup>(a)</sup> | &nbsp;&nbsp; 11067 | 9942131 |
| 4.00%, 12/15/36<sup>(a)</sup> | &nbsp;&nbsp; 14008 | 13295259 |
| 4.00%, 03/15/49<sup>(a)</sup> | &nbsp;&nbsp; 11084 | 9002911 |
| 4.13%, 12/15/46<sup>(a)</sup> | &nbsp;&nbsp; 10193 | 8546940 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.20%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; $8261 | $8343014 |
| 4.20%, 09/15/48 | &nbsp;&nbsp; 10075 | 8493835 |
| 4.30%, 06/15/43 | &nbsp;&nbsp; 6438 | 5740250 |
| 4.40%, 05/15/44<sup>(a)</sup> | &nbsp;&nbsp; 10325 | 9377925 |
| 4.50%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10485 | 10645848 |
| 4.88%, 11/15/35 | &nbsp;&nbsp; 11278 | 11468475 |
| 7.20%, 03/15/39 | &nbsp;&nbsp; 19389 | 23371043 |
| Sanofi SA, 4.20%, 11/03/32 | &nbsp;&nbsp; 4126 | 4139283 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| 2.05%, 03/31/30 | &nbsp;&nbsp; 18298 | 16881702 |
| 3.03%, 07/09/40 | &nbsp;&nbsp; 9175 | 7157683 |
| 3.18%, 07/09/50<sup>(a)</sup> | &nbsp;&nbsp; 15717 | 10761307 |
| 3.38%, 07/09/60<sup>(a)</sup> | &nbsp;&nbsp; 7490 | 4901177 |
| 5.30%, 07/05/34 | &nbsp;&nbsp; 8604 | 8970388 |
| 5.65%, 07/05/44<sup>(a)</sup> | &nbsp;&nbsp; 7014 | 7170464 |
| Takeda U.S. Financing, Inc. |  |  |
| 5.20%, 07/07/35<sup>(a)</sup> | &nbsp;&nbsp; 11276 | 11585990 |
| 5.90%, 07/07/55<sup>(a)</sup> | &nbsp;&nbsp; 7329 | 7561098 |
| Utah Acquisition Sub, Inc., 5.25%, 06/15/46<sup>(a)</sup> | &nbsp;&nbsp; 5745 | 4838023 |
| Viatris, Inc. |  |  |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 8467 | 7810796 |
| 3.85%, 06/22/40 | &nbsp;&nbsp; 7843 | 6180252 |
| 4.00%, 06/22/50 | &nbsp;&nbsp; 9775 | 6694109 |
| Wyeth LLC |  |  |
| 5.95%, 04/01/37<sup>(a)</sup> | &nbsp;&nbsp; 14950 | 16315185 |
| 6.50%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5365 | 6073721 |
| Zoetis, Inc. |  |  |
| 2.00%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6393 | 5902709 |
| 4.70%, 02/01/43 | &nbsp;&nbsp; 3130 | 2910714 |
| 5.00%, 08/17/35<sup>(a)</sup> | &nbsp;&nbsp; 5670 | 5785583 |
| 5.60%, 11/16/32<sup>(a)</sup> | &nbsp;&nbsp; 5010 | 5367830 |
|  |  | 2243427086 |
| **Pipelines — 4.5%** | **Pipelines — 4.5%** | **Pipelines — 4.5%** |
| Cheniere Corpus Christi Holdings LLC, 3.70%, <br> 11/15/29<br>| &nbsp;&nbsp; 6726 | 6625704 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/32 | &nbsp;&nbsp; 9092 | 8476049 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 17863 | 17510154 |
| 4.50%, 10/01/29 | &nbsp;&nbsp; 11354 | 11406718 |
| 5.55%, 10/30/35<sup>(a)</sup> | &nbsp;&nbsp; 7485 | 7765095 |
| 5.75%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 9790 | 10332948 |
| 5.95%, 06/30/33<sup>(a)</sup> | &nbsp;&nbsp; 10053 | 10774976 |
| Cheniere Energy, Inc., 5.65%, 04/15/34 | &nbsp;&nbsp; 5357 | 5627503 |
| Eastern Energy Gas Holdings LLC, 5.65%, <br> 10/15/54<sup>(a)</sup><br>| &nbsp;&nbsp; 7127 | 7041491 |
| Enbridge, Inc. |  |  |
| 2.50%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 7713 | 6727974 |
| 3.13%, 11/15/29 | &nbsp;&nbsp; 8634 | 8345949 |
| 3.40%, 08/01/51 | &nbsp;&nbsp; 6747 | 4708456 |
| 5.30%, 04/05/29<sup>(a)</sup> | &nbsp;&nbsp; 3040 | 3148486 |
| 5.50%, 12/01/46<sup>(a)</sup> | &nbsp;&nbsp; 4767 | 4711833 |
| 5.55%, 06/20/35<sup>(a)</sup> | &nbsp;&nbsp; 9820 | 10271663 |
| 5.63%, 04/05/34<sup>(a)</sup> | &nbsp;&nbsp; 8494 | 8978211 |
| 5.70%, 03/08/33<sup>(a)</sup> | &nbsp;&nbsp; 12456 | 13235245 |
| 5.95%, 04/05/54<sup>(a)</sup> | &nbsp;&nbsp; 7524 | 7756238 |
| 6.20%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6475 | 7007708 |
| 6.70%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 9065 | 10178235 |
| Energy Transfer LP |  |  |
| 3.75%, 05/15/30 | &nbsp;&nbsp; 13109 | 12885443 |
| 4.55%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5488 | 5536354 |
| 5.00%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 15109 | 12906186 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.15%, 03/15/45 | &nbsp;&nbsp; $10925 | $9862480 |
| 5.25%, 04/15/29 | &nbsp;&nbsp; 6654 | 6869413 |
| 5.25%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7522 | 7795592 |
| 5.30%, 04/15/47 | &nbsp;&nbsp; 9447 | 8611725 |
| 5.35%, 01/15/36 | &nbsp;&nbsp; 4779 | 4848291 |
| 5.35%, 05/15/45 | &nbsp;&nbsp; 7048 | 6494397 |
| 5.40%, 10/01/47 | &nbsp;&nbsp; 11925 | 11001088 |
| 5.55%, 05/15/34 | &nbsp;&nbsp; 10123 | 10541497 |
| 5.60%, 09/01/34 | &nbsp;&nbsp; 11682 | 12188451 |
| 5.70%, 04/01/35 | &nbsp;&nbsp; 10307 | 10819896 |
| 5.75%, 02/15/33 | &nbsp;&nbsp; 9299 | 9866094 |
| 5.95%, 05/15/54 | &nbsp;&nbsp; 12602 | 12136462 |
| 6.00%, 06/15/48 | &nbsp;&nbsp; 8899 | 8777802 |
| 6.05%, 09/01/54 | &nbsp;&nbsp; 11164 | 10912102 |
| 6.13%, 12/15/45 | &nbsp;&nbsp; 9213 | 9292979 |
| 6.20%, 04/01/55 | &nbsp;&nbsp; 11068 | 11030308 |
| 6.25%, 04/15/49 | &nbsp;&nbsp; 13819 | 13939605 |
| 6.30%, 01/15/56 | &nbsp;&nbsp; 5947 | 5999117 |
| 6.40%, 12/01/30 | &nbsp;&nbsp; 8725 | 9497534 |
| 6.50%, 02/01/42 | &nbsp;&nbsp; 8172 | 8740659 |
| 6.55%, 12/01/33 | &nbsp;&nbsp; 15741 | 17424654 |
| Enterprise Products Operating LLC |  |  |
| 2.80%, 01/31/30 | &nbsp;&nbsp; 6670 | 6387526 |
| 3.13%, 07/31/29<sup>(a)</sup> | &nbsp;&nbsp; 8887 | 8676172 |
| 3.20%, 02/15/52 | &nbsp;&nbsp; 8984 | 6039026 |
| 3.30%, 02/15/53<sup>(a)</sup> | &nbsp;&nbsp; 12822 | 8728212 |
| 3.70%, 01/31/51 | &nbsp;&nbsp; 7086 | 5304732 |
| 3.95%, 01/31/60 | &nbsp;&nbsp; 6246 | 4646753 |
| 4.20%, 01/31/50 | &nbsp;&nbsp; 12368 | 10143759 |
| 4.25%, 02/15/48 | &nbsp;&nbsp; 11177 | 9308330 |
| 4.45%, 02/15/43 | &nbsp;&nbsp; 8597 | 7690758 |
| 4.60%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 11081 | 11312657 |
| 4.80%, 02/01/49 | &nbsp;&nbsp; 10618 | 9532118 |
| 4.85%, 01/31/34<sup>(a)</sup> | &nbsp;&nbsp; 7765 | 7937263 |
| 4.85%, 08/15/42<sup>(a)</sup> | &nbsp;&nbsp; 8770 | 8283962 |
| 4.85%, 03/15/44 | &nbsp;&nbsp; 7526 | 7020559 |
| 4.90%, 05/15/46 | &nbsp;&nbsp; 7193 | 6647522 |
| 4.95%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 11743 | 12018887 |
| 5.10%, 02/15/45 | &nbsp;&nbsp; 9005 | 8602224 |
| 5.20%, 01/15/36 | &nbsp;&nbsp; 17001 | 17512800 |
| 5.35%, 01/31/33 | &nbsp;&nbsp; 5642 | 5964180 |
| 5.55%, 02/16/55<sup>(a)</sup> | &nbsp;&nbsp; 13363 | 13198046 |
| 5.95%, 02/01/41<sup>(a)</sup> | &nbsp;&nbsp; 5499 | 5870961 |
| Kinder Morgan Energy Partners LP |  |  |
| 5.50%, 03/01/44 | &nbsp;&nbsp; 8220 | 8077940 |
| 6.95%, 01/15/38 | &nbsp;&nbsp; 9435 | 10858979 |
| Kinder Morgan, Inc. |  |  |
| 2.00%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8865 | 8024352 |
| 3.60%, 02/15/51<sup>(a)</sup> | &nbsp;&nbsp; 10786 | 7738542 |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 7406 | 7533382 |
| 5.05%, 02/15/46 | &nbsp;&nbsp; 8066 | 7427316 |
| 5.15%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 8648 | 8991149 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 12741 | 13283284 |
| 5.20%, 03/01/48<sup>(a)</sup> | &nbsp;&nbsp; 10407 | 9776616 |
| 5.30%, 12/01/34 | &nbsp;&nbsp; 9359 | 9697892 |
| 5.40%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 6764 | 7103002 |
| 5.45%, 08/01/52<sup>(a)</sup> | &nbsp;&nbsp; 8517 | 8077567 |
| 5.55%, 06/01/45<sup>(a)</sup> | &nbsp;&nbsp; 12402 | 12245304 |
| 5.85%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 6399 | 6871328 |
| 5.95%, 08/01/54<sup>(a)</sup> | &nbsp;&nbsp; 9139 | 9294884 |
| 7.75%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8869 | 10421353 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| MPLX LP |  |  |
| 2.65%, 08/15/30 | &nbsp;&nbsp; $7182 | $6727904 |
| 4.50%, 04/15/38 | &nbsp;&nbsp; 12714 | 11781040 |
| 4.70%, 04/15/48 | &nbsp;&nbsp; 13080 | 11008601 |
| 4.80%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 13327 | 13589373 |
| 4.95%, 09/01/32 | &nbsp;&nbsp; 3872 | 3944816 |
| 4.95%, 03/14/52 | &nbsp;&nbsp; 12628 | 10832918 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 7892 | 8012609 |
| 5.00%, 03/01/33 | &nbsp;&nbsp; 17256 | 17530871 |
| 5.20%, 03/01/47 | &nbsp;&nbsp; 10336 | 9436625 |
| 5.30%, 04/01/36<sup>(a)</sup> | &nbsp;&nbsp; 7086 | 7137886 |
| 5.40%, 04/01/35 | &nbsp;&nbsp; 9882 | 10113964 |
| 5.40%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 10835 | 11044664 |
| 5.50%, 06/01/34 | &nbsp;&nbsp; 11859 | 12283512 |
| 5.50%, 02/15/49 | &nbsp;&nbsp; 12709 | 11888917 |
| 5.95%, 04/01/55<sup>(a)</sup> | &nbsp;&nbsp; 9033 | 8870466 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 9635 | 9759895 |
| ONEOK, Inc. |  |  |
| 3.10%, 03/15/30 | &nbsp;&nbsp; 5480 | 5250650 |
| 3.95%, 03/01/50 | &nbsp;&nbsp; 7431 | 5460075 |
| 4.75%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 10034 | 10170426 |
| 4.95%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7360 | 7472392 |
| 5.05%, 11/01/34 | &nbsp;&nbsp; 12949 | 12977643 |
| 5.20%, 07/15/48<sup>(a)</sup> | &nbsp;&nbsp; 9439 | 8566710 |
| 5.40%, 10/15/35 | &nbsp;&nbsp; 16301 | 16613332 |
| 5.70%, 11/01/54<sup>(a)</sup> | &nbsp;&nbsp; 12733 | 11977647 |
| 5.85%, 11/01/64<sup>(a)</sup> | &nbsp;&nbsp; 5415 | 5129892 |
| 6.05%, 09/01/33 | &nbsp;&nbsp; 8451 | 9070337 |
| 6.10%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6776 | 7308298 |
| 6.25%, 10/15/55<sup>(a)</sup> | &nbsp;&nbsp; 9878 | 9995920 |
| 6.63%, 09/01/53 | &nbsp;&nbsp; 14274 | 15096806 |
| Plains All American Pipeline LP, 5.95%, <br> 06/15/35<br>| &nbsp;&nbsp; 13865 | 14636607 |
| Plains All American Pipeline LP/PAA <br> Finance Corp.<br>|  |  |
| 3.55%, 12/15/29 | &nbsp;&nbsp; 7740 | 7583462 |
| 3.80%, 09/15/30 | &nbsp;&nbsp; 6496 | 6369515 |
| 4.70%, 01/15/31 | &nbsp;&nbsp; 4647 | 4716251 |
| 5.60%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 3620 | 3708501 |
| Sabine Pass Liquefaction LLC, 4.50%, <br> 05/15/30<br>| &nbsp;&nbsp; 9231 | 9329450 |
| South Bow USA Infrastructure Holdings LLC |  |  |
| 5.03%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5680 | 5806520 |
| 5.58%, 10/01/34 | &nbsp;&nbsp; 9494 | 9658230 |
| Targa Resources Corp. |  |  |
| 4.20%, 02/01/33 | &nbsp;&nbsp; 6671 | 6483503 |
| 4.35%, 04/15/31 | &nbsp;&nbsp; 2300 | 2301380 |
| 4.90%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 8957 | 9189284 |
| 4.95%, 04/15/52<sup>(a)</sup> | &nbsp;&nbsp; 7052 | 6085057 |
| 5.40%, 07/30/36 | &nbsp;&nbsp; 7128 | 7247410 |
| 5.50%, 02/15/35 | &nbsp;&nbsp; 9908 | 10254463 |
| 5.55%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9612 | 9952304 |
| 5.65%, 02/15/36 | &nbsp;&nbsp; 9720 | 10104290 |
| 6.05%, 05/15/56 | &nbsp;&nbsp; 1505 | 1501542 |
| 6.13%, 03/15/33 | &nbsp;&nbsp; 7791 | 8421402 |
| 6.13%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 6678 | 6744986 |
| 6.15%, 03/01/29 | &nbsp;&nbsp; 5024 | 5314226 |
| 6.50%, 03/30/34 | &nbsp;&nbsp; 9445 | 10448015 |
| 6.50%, 02/15/53<sup>(a)</sup> | &nbsp;&nbsp; 6951 | 7354600 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp.<br>|  |  |
| 4.00%, 01/15/32 | &nbsp;&nbsp; $9883 | $9590160 |
| 4.88%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 6218 | 6292217 |
| 5.50%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6020 | 6116420 |
| TransCanada PipeLines Ltd. |  |  |
| 4.10%, 04/15/30 | &nbsp;&nbsp; 8849 | 8827047 |
| 4.63%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 9571 | 9508729 |
| 5.10%, 03/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1845 | 1762031 |
| 6.10%, 06/01/40 | &nbsp;&nbsp; 5672 | 6108894 |
| 6.20%, 10/15/37<sup>(a)</sup> | &nbsp;&nbsp; 8392 | 9136796 |
| 7.63%, 01/15/39<sup>(a)</sup> | &nbsp;&nbsp; 10322 | 12527160 |
| Transcontinental Gas Pipe Line Co. LLC, <br> 5.10%, 03/15/36<sup>(c)</sup><br>| &nbsp;&nbsp; 10183 | 10356554 |
| Western Midstream Operating LP |  |  |
| 4.05%, 02/01/30 | &nbsp;&nbsp; 12082 | 11929571 |
| 5.25%, 02/01/50 | &nbsp;&nbsp; 2716 | 2359856 |
| 5.45%, 11/15/34<sup>(a)</sup> | &nbsp;&nbsp; 10770 | 10953303 |
| 6.15%, 04/01/33 | &nbsp;&nbsp; 7125 | 7619560 |
| Williams Companies, Inc.(The) |  |  |
| 2.60%, 03/15/31 | &nbsp;&nbsp; 10478 | 9699513 |
| 3.50%, 11/15/30 | &nbsp;&nbsp; 7793 | 7548799 |
| 4.63%, 06/30/30 | &nbsp;&nbsp; 6606 | 6712970 |
| 4.65%, 08/15/32 | &nbsp;&nbsp; 9671 | 9799774 |
| 4.85%, 03/01/48 | &nbsp;&nbsp; 7672 | 6810870 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 4608 | 4724007 |
| 5.10%, 09/15/45 | &nbsp;&nbsp; 7114 | 6650238 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 10482 | 10743445 |
| 5.15%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 13505 | 13635158 |
| 5.30%, 09/30/35 | &nbsp;&nbsp; 7912 | 8124959 |
| 5.30%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 6060 | 5637065 |
| 5.60%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4794 | 5033735 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 10720 | 11332818 |
| 5.80%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 10432 | 10375054 |
| 5.95%, 03/15/56<sup>(a)</sup> | &nbsp;&nbsp; 8434 | 8545057 |
| 6.30%, 04/15/40 | &nbsp;&nbsp; 9553 | 10396688 |
|  |  | 1435981737 |
| **Private Equity — 0.0%** | **Private Equity — 0.0%** | **Private Equity — 0.0%** |
| KKR & Co., Inc., 5.10%, 08/07/35<sup>(a)</sup> | &nbsp;&nbsp; 6329 | 6250734 |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| CBRE Services, Inc. |  |  |
| 4.90%, 01/15/33 | &nbsp;&nbsp; 4256 | 4306179 |
| 5.95%, 08/15/34 | &nbsp;&nbsp; 6414 | 6848685 |
|  |  | 11154864 |
| **Real Estate Investment Trusts — 1.9%** | **Real Estate Investment Trusts — 1.9%** | **Real Estate Investment Trusts — 1.9%** |
| Alexandria Real Estate Equities, Inc. |  |  |
| 1.88%, 02/01/33 | &nbsp;&nbsp; 7594 | 6317241 |
| 2.00%, 05/18/32 | &nbsp;&nbsp; 7030 | 6037867 |
| 2.95%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7321 | 6369173 |
| 3.38%, 08/15/31 | &nbsp;&nbsp; 6148 | 5791904 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 4236 | 3055273 |
| 5.25%, 03/15/36 | &nbsp;&nbsp; 6990 | 6990971 |
| American Tower Corp. |  |  |
| 1.88%, 10/15/30 | &nbsp;&nbsp; 13229 | 11940404 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 9584 | 8793355 |
| 2.90%, 01/15/30 | &nbsp;&nbsp; 11886 | 11351955 |
| 2.95%, 01/15/51<sup>(a)</sup> | &nbsp;&nbsp; 8382 | 5421358 |
| 3.10%, 06/15/50<sup>(a)</sup> | &nbsp;&nbsp; 7656 | 5131443 |
| 3.80%, 08/15/29 | &nbsp;&nbsp; 9371 | 9285443 |
| 4.70%, 12/15/32 | &nbsp;&nbsp; 7491 | 7572024 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.90%, 03/15/30 | &nbsp;&nbsp; $7233 | $7435363 |
| 5.55%, 07/15/33 | &nbsp;&nbsp; 6013 | 6345638 |
| 5.65%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6189 | 6576594 |
| 5.90%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5773 | 6230262 |
| Boston Properties LP |  |  |
| 2.45%, 10/01/33 | &nbsp;&nbsp; 7987 | 6611492 |
| 2.55%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 7466 | 6557200 |
| 3.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 11984 | 11282986 |
| 3.40%, 06/21/29 | &nbsp;&nbsp; 7538 | 7343417 |
| 5.75%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7605 | 7749676 |
| 6.50%, 01/15/34 | &nbsp;&nbsp; 6925 | 7419015 |
| Brixmor Operating Partnership LP |  |  |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 4302 | 4261344 |
| 4.13%, 05/15/29 | &nbsp;&nbsp; 7359 | 7370015 |
| Crown Castle, Inc. |  |  |
| 2.10%, 04/01/31 | &nbsp;&nbsp; 12993 | 11581188 |
| 2.25%, 01/15/31 | &nbsp;&nbsp; 11407 | 10299764 |
| 2.50%, 07/15/31 | &nbsp;&nbsp; 8663 | 7828425 |
| 2.90%, 04/01/41 | &nbsp;&nbsp; 9995 | 7425745 |
| 3.25%, 01/15/51 | &nbsp;&nbsp; 7988 | 5385134 |
| 3.30%, 07/01/30 | &nbsp;&nbsp; 9296 | 8905269 |
| 5.10%, 05/01/33 | &nbsp;&nbsp; 13481 | 13741348 |
| 5.60%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7986 | 8315439 |
| 5.80%, 03/01/34 | &nbsp;&nbsp; 9707 | 10280597 |
| Digital Realty Trust LP, 3.60%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp; 6513 | 6429973 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| 4.60%, 11/15/30 | &nbsp;&nbsp; 9153 | 9258243 |
| 4.70%, 03/15/33 | &nbsp;&nbsp; 8650 | 8672316 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 2425 | 2533121 |
| Equinix, Inc. |  |  |
| 2.15%, 07/15/30 | &nbsp;&nbsp; 13233 | 12105439 |
| 2.50%, 05/15/31 | &nbsp;&nbsp; 10150 | 9263986 |
| 3.20%, 11/18/29 | &nbsp;&nbsp; 7220 | 6974188 |
| 3.90%, 04/15/32 | &nbsp;&nbsp; 10760 | 10424559 |
| ERP Operating LP, 4.50%, 07/01/44 | &nbsp;&nbsp; 5945 | 5415520 |
| Extra Space Storage LP |  |  |
| 4.95%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3625 | 3682578 |
| 5.50%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 7452 | 7794083 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 3.25%, 01/15/32 | &nbsp;&nbsp; 4487 | 4095606 |
| 5.63%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5082 | 5168336 |
| 5.63%, 03/01/36 | &nbsp;&nbsp; 2905 | 2909328 |
| Healthpeak OP LLC |  |  |
| 3.00%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5172 | 4947447 |
| 5.25%, 12/15/32 | &nbsp;&nbsp; 5763 | 5955144 |
| Host Hotels & Resorts LP, Series I, 3.50%, <br> 09/15/30<br>| &nbsp;&nbsp; 3988 | 3822012 |
| Prologis LP |  |  |
| 1.25%, 10/15/30 | &nbsp;&nbsp; 8115 | 7177237 |
| 2.25%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 8875 | 8315573 |
| 4.75%, 06/15/33 | &nbsp;&nbsp; 9410 | 9582546 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 5599 | 5747444 |
| 5.13%, 01/15/34 | &nbsp;&nbsp; 6308 | 6534843 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 8832 | 9187781 |
| 5.25%, 06/15/53<sup>(a)</sup> | &nbsp;&nbsp; 5910 | 5710064 |
| 5.25%, 03/15/54 | &nbsp;&nbsp; 6943 | 6676441 |
| Public Storage Operating Co., 5.35%, 08/01/53 | &nbsp;&nbsp; 7104 | 6960755 |
| Realty Income Corp. |  |  |
| 3.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 11272 | 10812903 |
| 5.13%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5257 | 5435570 |
| 5.63%, 10/13/32<sup>(a)</sup> | &nbsp;&nbsp; 5385 | 5754980 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Simon Property Group LP |  |  |
| 2.45%, 09/13/29 | &nbsp;&nbsp; $8259 | $7849043 |
| 2.65%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 10083 | 9525624 |
| 3.25%, 09/13/49<sup>(a)</sup> | &nbsp;&nbsp; 8420 | 5923210 |
| 3.80%, 07/15/50 | &nbsp;&nbsp; 6527 | 5022818 |
| 4.30%, 01/15/31 | &nbsp;&nbsp; 6063 | 6090344 |
| 4.75%, 09/26/34 | &nbsp;&nbsp; 10703 | 10762777 |
| 5.13%, 10/01/35 | &nbsp;&nbsp; 4747 | 4855784 |
| VICI Properties LP |  |  |
| 4.95%, 02/15/30 | &nbsp;&nbsp; 7786 | 7915990 |
| 5.13%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8344 | 8494254 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 8360 | 8471092 |
| 5.63%, 04/01/35 | &nbsp;&nbsp; 7288 | 7490462 |
| 5.63%, 05/15/52<sup>(a)</sup> | &nbsp;&nbsp; 6478 | 6094843 |
| Welltower OP LLC |  |  |
| 2.80%, 06/01/31 | &nbsp;&nbsp; 6044 | 5649084 |
| 3.10%, 01/15/30 | &nbsp;&nbsp; 10609 | 10256796 |
| 4.50%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6861 | 6976779 |
| 5.13%, 07/01/35 | &nbsp;&nbsp; 10032 | 10331600 |
| Weyerhaeuser Co. |  |  |
| 4.00%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 7683 | 7640858 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 6309 | 6253306 |
|  |  | 595957002 |
| **Retail — 2.5%** | **Retail — 2.5%** | **Retail — 2.5%** |
| AutoZone, Inc. |  |  |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 2263 | 2251583 |
| 4.75%, 08/01/32 | &nbsp;&nbsp; 4061 | 4120834 |
| Costco Wholesale Corp. |  |  |
| 1.60%, 04/20/30 | &nbsp;&nbsp; 6409 | 5870085 |
| 1.75%, 04/20/32 | &nbsp;&nbsp; 5526 | 4858550 |
| Dollar General Corp. |  |  |
| 3.50%, 04/03/30<sup>(a)</sup> | &nbsp;&nbsp; 5176 | 5035175 |
| 5.45%, 07/05/33<sup>(a)</sup> | &nbsp;&nbsp; 5378 | 5641394 |
| Dollar Tree, Inc., 2.65%, 12/01/31 | &nbsp;&nbsp; 4465 | 4079128 |
| Home Depot, Inc.(The) |  |  |
| 1.38%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 10820 | 9532709 |
| 1.88%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8663 | 7726824 |
| 2.38%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 10076 | 5857503 |
| 2.70%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 9707 | 9268582 |
| 2.75%, 09/15/51 | &nbsp;&nbsp; 10770 | 6785891 |
| 2.95%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 8140 | 7931391 |
| 3.13%, 12/15/49<sup>(a)</sup> | &nbsp;&nbsp; 16529 | 11425284 |
| 3.25%, 04/15/32 | &nbsp;&nbsp; 10524 | 10025357 |
| 3.30%, 04/15/40 | &nbsp;&nbsp; 13325 | 11043816 |
| 3.35%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 13709 | 9832847 |
| 3.50%, 09/15/56 | &nbsp;&nbsp; 4070 | 2888394 |
| 3.63%, 04/15/52 | &nbsp;&nbsp; 19458 | 14519028 |
| 3.90%, 06/15/47 | &nbsp;&nbsp; 10500 | 8456152 |
| 4.20%, 04/01/43 | &nbsp;&nbsp; 6713 | 5912782 |
| 4.25%, 04/01/46 | &nbsp;&nbsp; 11257 | 9686252 |
| 4.40%, 03/15/45 | &nbsp;&nbsp; 8003 | 7075771 |
| 4.50%, 09/15/32 | &nbsp;&nbsp; 10757 | 10976191 |
| 4.50%, 12/06/48<sup>(a)</sup> | &nbsp;&nbsp; 14612 | 12779009 |
| 4.65%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 11538 | 11545360 |
| 4.75%, 06/25/29<sup>(a)</sup> | &nbsp;&nbsp; 5776 | 5945557 |
| 4.85%, 06/25/31<sup>(a)</sup> | &nbsp;&nbsp; 6649 | 6923608 |
| 4.88%, 02/15/44 | &nbsp;&nbsp; 9919 | 9422301 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 3338 | 3442818 |
| 4.95%, 06/25/34<sup>(a)</sup> | &nbsp;&nbsp; 11952 | 12342164 |
| 4.95%, 09/15/52<sup>(a)</sup> | &nbsp;&nbsp; 10362 | 9582260 |
| 5.30%, 06/25/54<sup>(a)</sup> | &nbsp;&nbsp; 10737 | 10413364 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 5.88%, 12/16/36<sup>(a)</sup> | &nbsp;&nbsp; $19568 | $21389106 |
| 5.95%, 04/01/41<sup>(a)</sup> | &nbsp;&nbsp; 8734 | 9515398 |
| Lowe's Companies, Inc. |  |  |
| 1.70%, 10/15/30 | &nbsp;&nbsp; 12120 | 10894930 |
| 2.63%, 04/01/31 | &nbsp;&nbsp; 14443 | 13385566 |
| 2.80%, 09/15/41 | &nbsp;&nbsp; 8991 | 6617034 |
| 3.00%, 10/15/50<sup>(a)</sup> | &nbsp;&nbsp; 16383 | 10631397 |
| 3.65%, 04/05/29 | &nbsp;&nbsp; 4979 | 4936980 |
| 3.70%, 04/15/46 | &nbsp;&nbsp; 12215 | 9425405 |
| 3.75%, 04/01/32 | &nbsp;&nbsp; 7821 | 7575549 |
| 4.05%, 05/03/47 | &nbsp;&nbsp; 14449 | 11636179 |
| 4.25%, 04/01/52<sup>(a)</sup> | &nbsp;&nbsp; 11346 | 9066406 |
| 4.45%, 04/01/62 | &nbsp;&nbsp; 9858 | 7812388 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 10338 | 10508742 |
| 5.00%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 9153 | 9443571 |
| 5.15%, 07/01/33<sup>(a)</sup> | &nbsp;&nbsp; 9414 | 9768937 |
| 5.63%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 11826 | 11625843 |
| 5.80%, 09/15/62<sup>(a)</sup> | &nbsp;&nbsp; 6699 | 6648167 |
| Lowe's Cos., Inc. |  |  |
| 4.25%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 11353 | 11383299 |
| 4.50%, 10/15/32 | &nbsp;&nbsp; 14014 | 14072780 |
| 4.85%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 10594 | 10595553 |
| McDonald's Corp. |  |  |
| 2.13%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 7872 | 7346948 |
| 2.63%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 8933 | 8576418 |
| 3.60%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5078 | 5020882 |
| 3.63%, 09/01/49 | &nbsp;&nbsp; 12170 | 9164935 |
| 4.20%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 7477 | 6152849 |
| 4.45%, 03/01/47<sup>(a)</sup> | &nbsp;&nbsp; 9963 | 8695148 |
| 4.45%, 09/01/48 | &nbsp;&nbsp; 9399 | 8162987 |
| 4.60%, 09/09/32<sup>(a)</sup> | &nbsp;&nbsp; 5998 | 6160402 |
| 4.70%, 12/09/35<sup>(a)</sup> | &nbsp;&nbsp; 6439 | 6504633 |
| 4.88%, 12/09/45<sup>(a)</sup> | &nbsp;&nbsp; 11468 | 10641608 |
| 4.95%, 03/03/35<sup>(a)</sup> | &nbsp;&nbsp; 7780 | 7973474 |
| 5.00%, 02/13/36 | &nbsp;&nbsp; 7263 | 7435603 |
| 5.15%, 09/09/52<sup>(a)</sup> | &nbsp;&nbsp; 9210 | 8695424 |
| 5.45%, 08/14/53<sup>(a)</sup> | &nbsp;&nbsp; 6136 | 6041453 |
| 6.30%, 10/15/37<sup>(a)</sup> | &nbsp;&nbsp; 5868 | 6621535 |
| 6.30%, 03/01/38 | &nbsp;&nbsp; 4574 | 5133349 |
| O'Reilly Automotive, Inc., 4.70%, 06/15/32 | &nbsp;&nbsp; 4881 | 4963329 |
| Starbucks Corp. |  |  |
| 2.25%, 03/12/30 | &nbsp;&nbsp; 9424 | 8788423 |
| 2.55%, 11/15/30 | &nbsp;&nbsp; 6430 | 6005185 |
| 3.00%, 02/14/32<sup>(a)</sup> | &nbsp;&nbsp; 7604 | 7097734 |
| 3.50%, 11/15/50<sup>(a)</sup> | &nbsp;&nbsp; 6148 | 4434525 |
| 3.55%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 10570 | 10453976 |
| 4.45%, 08/15/49<sup>(a)</sup> | &nbsp;&nbsp; 6640 | 5657819 |
| 4.50%, 11/15/48 | &nbsp;&nbsp; 6790 | 5830805 |
| Target Corp. |  |  |
| 2.35%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6161 | 5818238 |
| 2.95%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 4247 | 2790761 |
| 3.38%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6850 | 6770167 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 4902 | 4224966 |
| 4.50%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8149 | 8330217 |
| 4.50%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 11330 | 11320354 |
| 4.80%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp; 6503 | 5916734 |
| 5.00%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 11022 | 11306165 |
| Walmart, Inc. |  |  |
| 2.50%, 09/22/41<sup>(a)</sup> | &nbsp;&nbsp; 7454 | 5522931 |
| 2.65%, 09/22/51 | &nbsp;&nbsp; 12293 | 7886617 |
| 4.05%, 06/29/48 | &nbsp;&nbsp; 9906 | 8388994 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 4.10%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; $11045 | $11113350 |
| 4.15%, 09/09/32<sup>(a)</sup> | &nbsp;&nbsp; 9685 | 9809298 |
| 4.35%, 04/28/30 | &nbsp;&nbsp; 5005 | 5112670 |
| 4.50%, 09/09/52<sup>(a)</sup> | &nbsp;&nbsp; 8567 | 7643118 |
| 4.50%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 9215 | 8215597 |
| 4.90%, 04/28/35<sup>(a)</sup> | &nbsp;&nbsp; 12200 | 12647295 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 10711 | 11437841 |
| 6.20%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 5737 | 6546181 |
| 6.50%, 08/15/37 | &nbsp;&nbsp; 6701 | 7858589 |
|  |  | 800350721 |
| **Semiconductors — 3.3%** | **Semiconductors — 3.3%** | **Semiconductors — 3.3%** |
| Analog Devices, Inc. |  |  |
| 2.10%, 10/01/31 | &nbsp;&nbsp; 7676 | 6902512 |
| 2.80%, 10/01/41 | &nbsp;&nbsp; 2388 | 1790980 |
| 2.95%, 10/01/51 | &nbsp;&nbsp; 5282 | 3485874 |
| Applied Materials, Inc. |  |  |
| 1.75%, 06/01/30 | &nbsp;&nbsp; 4253 | 3882615 |
| 2.75%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1908 | 1259418 |
| 4.35%, 04/01/47<sup>(a)</sup> | &nbsp;&nbsp; 2285 | 2022332 |
| Broadcom, Inc. |  |  |
| 2.45%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 29874 | 27591561 |
| 2.60%, 02/15/33 | &nbsp;&nbsp; 28470 | 25344854 |
| 3.14%, 11/15/35<sup>(c)</sup> | &nbsp;&nbsp; 32256 | 28228509 |
| 3.19%, 11/15/36<sup>(c)</sup> | &nbsp;&nbsp; 17911 | 15440529 |
| 3.42%, 04/15/33 | &nbsp;&nbsp; 27214 | 25482980 |
| 3.47%, 04/15/34 | &nbsp;&nbsp; 34465 | 31804971 |
| 3.50%, 02/15/41 | &nbsp;&nbsp; 21037 | 17414681 |
| 3.75%, 02/15/51<sup>(a)</sup> | &nbsp;&nbsp; 18316 | 14094827 |
| 4.00%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp; 7447 | 7466121 |
| 4.15%, 11/15/30 | &nbsp;&nbsp; 22369 | 22431591 |
| 4.15%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp; 7584 | 7505110 |
| 4.20%, 10/15/30 | &nbsp;&nbsp; 8271 | 8314902 |
| 4.30%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 7443 | 7502406 |
| 4.30%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 12853 | 12799840 |
| 4.35%, 02/15/30 | &nbsp;&nbsp; 13120 | 13278849 |
| 4.55%, 02/15/32 | &nbsp;&nbsp; 10993 | 11124875 |
| 4.60%, 07/15/30 | &nbsp;&nbsp; 7325 | 7482638 |
| 4.60%, 01/15/33 | &nbsp;&nbsp; 13476 | 13610484 |
| 4.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5786 | 5918940 |
| 4.80%, 10/15/34 | &nbsp;&nbsp; 19227 | 19418157 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 25879 | 25892957 |
| 4.90%, 07/15/32 | &nbsp;&nbsp; 10697 | 11015475 |
| 4.90%, 02/15/38 | &nbsp;&nbsp; 17511 | 17387540 |
| 4.93%, 05/15/37<sup>(c)</sup> | &nbsp;&nbsp; 18996 | 19009616 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 6374 | 6457518 |
| 5.05%, 07/12/29 | &nbsp;&nbsp; 9044 | 9346421 |
| 5.05%, 04/15/30 | &nbsp;&nbsp; 15816 | 16386004 |
| 5.15%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 12095 | 12647698 |
| 5.20%, 04/15/32 | &nbsp;&nbsp; 13087 | 13677429 |
| 5.20%, 07/15/35 | &nbsp;&nbsp; 24362 | 25163064 |
| 5.70%, 01/15/56<sup>(a)</sup> | &nbsp;&nbsp; 9285 | 9525622 |
| Intel Corp. |  |  |
| 2.00%, 08/12/31 | &nbsp;&nbsp; 10852 | 9617212 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 13869 | 13074750 |
| 2.80%, 08/12/41<sup>(a)</sup> | &nbsp;&nbsp; 9245 | 6579896 |
| 3.05%, 08/12/51<sup>(a)</sup> | &nbsp;&nbsp; 9179 | 5768830 |
| 3.10%, 02/15/60 | &nbsp;&nbsp; 9989 | 5700863 |
| 3.20%, 08/12/61 | &nbsp;&nbsp; 7470 | 4318663 |
| 3.25%, 11/15/49<sup>(a)</sup> | &nbsp;&nbsp; 17904 | 11756551 |
| 3.73%, 12/08/47 | &nbsp;&nbsp; 17085 | 12354601 |
| 3.90%, 03/25/30 | &nbsp;&nbsp; 12917 | 12761017 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 4.00%, 08/05/29 | &nbsp;&nbsp; $6789 | $6771221 |
| 4.00%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10449 | 10104325 |
| 4.10%, 05/19/46 | &nbsp;&nbsp; 12164 | 9434352 |
| 4.10%, 05/11/47 | &nbsp;&nbsp; 6585 | 5075568 |
| 4.15%, 08/05/32<sup>(a)</sup> | &nbsp;&nbsp; 14713 | 14389142 |
| 4.60%, 03/25/40<sup>(a)</sup> | &nbsp;&nbsp; 4428 | 4014369 |
| 4.75%, 03/25/50 | &nbsp;&nbsp; 16689 | 13892266 |
| 4.80%, 10/01/41 | &nbsp;&nbsp; 6675 | 6039080 |
| 4.90%, 07/29/45 | &nbsp;&nbsp; 7056 | 6193399 |
| 4.90%, 08/05/52 | &nbsp;&nbsp; 15278 | 12864291 |
| 4.95%, 03/25/60 | &nbsp;&nbsp; 8032 | 6660453 |
| 5.05%, 08/05/62 | &nbsp;&nbsp; 8316 | 6902381 |
| 5.13%, 02/10/30 | &nbsp;&nbsp; 10472 | 10801897 |
| 5.15%, 02/21/34<sup>(a)</sup> | &nbsp;&nbsp; 3963 | 4048679 |
| 5.20%, 02/10/33<sup>(a)</sup> | &nbsp;&nbsp; 14982 | 15437129 |
| 5.60%, 02/21/54<sup>(a)</sup> | &nbsp;&nbsp; 10934 | 10288898 |
| 5.63%, 02/10/43 | &nbsp;&nbsp; 11074 | 10824327 |
| 5.70%, 02/10/53 | &nbsp;&nbsp; 16514 | 15649637 |
| 5.90%, 02/10/63 | &nbsp;&nbsp; 10762 | 10332894 |
| KLA Corp. |  |  |
| 3.30%, 03/01/50 | &nbsp;&nbsp; 9286 | 6583289 |
| 4.10%, 03/15/29 | &nbsp;&nbsp; 2368 | 2382914 |
| 4.65%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6294 | 6450938 |
| 4.95%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 9498 | 8793353 |
| 5.25%, 07/15/62 | &nbsp;&nbsp; 3600 | 3400713 |
| Lam Research Corp. |  |  |
| 1.90%, 06/15/30 | &nbsp;&nbsp; 5031 | 4618530 |
| 2.88%, 06/15/50 | &nbsp;&nbsp; 4683 | 3088352 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 4283 | 4301634 |
| 4.88%, 03/15/49 | &nbsp;&nbsp; 5074 | 4726560 |
| Marvell Technology, Inc., 2.95%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4211 | 3928305 |
| Microchip Technology, Inc. |  |  |
| 5.05%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4351 | 4468109 |
| 5.05%, 02/15/30 | &nbsp;&nbsp; 4441 | 4556036 |
| Micron Technology, Inc. |  |  |
| 2.70%, 04/15/32 | &nbsp;&nbsp; 7962 | 7275189 |
| 5.30%, 01/15/31 | &nbsp;&nbsp; 6636 | 6964453 |
| 5.80%, 01/15/35 | &nbsp;&nbsp; 5828 | 6233890 |
| 5.88%, 02/09/33 | &nbsp;&nbsp; 5391 | 5803810 |
| 5.88%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5921 | 6365556 |
| 6.05%, 11/01/35 | &nbsp;&nbsp; 9332 | 10131326 |
| NVIDIA Corp. |  |  |
| 2.00%, 06/15/31 | &nbsp;&nbsp; 12069 | 10981280 |
| 2.85%, 04/01/30 | &nbsp;&nbsp; 7176 | 6902780 |
| 3.50%, 04/01/40 | &nbsp;&nbsp; 13284 | 11445226 |
| 3.50%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 6840 | 5212696 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 2.50%, 05/11/31 | &nbsp;&nbsp; 10896 | 9977202 |
| 2.65%, 02/15/32 | &nbsp;&nbsp; 15335 | 13855168 |
| 3.25%, 05/11/41 | &nbsp;&nbsp; 4098 | 3151789 |
| 3.40%, 05/01/30 | &nbsp;&nbsp; 7175 | 6951660 |
| 4.30%, 06/18/29 | &nbsp;&nbsp; 5642 | 5673466 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 7247 | 7399645 |
| QUALCOMM, Inc. |  |  |
| 1.65%, 05/20/32 | &nbsp;&nbsp; 7414 | 6402675 |
| 2.15%, 05/20/30 | &nbsp;&nbsp; 4563 | 4244562 |
| 3.25%, 05/20/50<sup>(a)</sup> | &nbsp;&nbsp; 6407 | 4472082 |
| 4.30%, 05/20/47<sup>(a)</sup> | &nbsp;&nbsp; 11791 | 10010501 |
| 4.50%, 05/20/52 | &nbsp;&nbsp; 7240 | 6142120 |
| 4.65%, 05/20/35<sup>(a)</sup> | &nbsp;&nbsp; 12230 | 12367990 |
| 4.80%, 05/20/45 | &nbsp;&nbsp; 10682 | 9871470 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 6.00%, 05/20/53<sup>(a)</sup> | &nbsp;&nbsp; $6643 | $7016097 |
| Texas Instruments, Inc. |  |  |
| 1.75%, 05/04/30 | &nbsp;&nbsp; 8289 | 7613492 |
| 2.25%, 09/04/29 | &nbsp;&nbsp; 9088 | 8624127 |
| 3.88%, 03/15/39 | &nbsp;&nbsp; 7219 | 6515193 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 8507 | 7142328 |
| 4.90%, 03/14/33 | &nbsp;&nbsp; 7117 | 7388906 |
| 5.05%, 05/18/63 | &nbsp;&nbsp; 13118 | 11965030 |
| 5.15%, 02/08/54<sup>(a)</sup> | &nbsp;&nbsp; 4971 | 4787950 |
| Xilinx, Inc., 2.38%, 06/01/30 | &nbsp;&nbsp; 2237 | 2096387 |
|  |  | 1068051370 |
| **Software — 3.9%** | **Software — 3.9%** | **Software — 3.9%** |
| Adobe, Inc. |  |  |
| 2.30%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 11232 | 10530464 |
| 4.80%, 04/04/29 | &nbsp;&nbsp; 3797 | 3896296 |
| 4.95%, 04/04/34 | &nbsp;&nbsp; 2117 | 2170945 |
| Autodesk, Inc., 2.40%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5542 | 4958860 |
| Cadence Design Systems, Inc. |  |  |
| 4.30%, 09/10/29 | &nbsp;&nbsp; 2327 | 2349085 |
| 4.70%, 09/10/34 | &nbsp;&nbsp; 3564 | 3587785 |
| Fidelity National Information Services, Inc. |  |  |
| 2.25%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 5945 | 5339378 |
| 3.10%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 4927 | 3644321 |
| 5.10%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7929 | 8036133 |
| Fiserv, Inc. |  |  |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 8934 | 8288125 |
| 3.50%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp; 17578 | 17093668 |
| 4.40%, 07/01/49<sup>(a)</sup> | &nbsp;&nbsp; 12464 | 9839461 |
| 4.55%, 02/15/31 | &nbsp;&nbsp; 14457 | 14402509 |
| 4.75%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 12685 | 12773153 |
| 5.15%, 08/12/34<sup>(a)</sup> | &nbsp;&nbsp; 8762 | 8724946 |
| 5.25%, 08/11/35<sup>(a)</sup> | &nbsp;&nbsp; 7827 | 7829343 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 9135 | 9307380 |
| 5.60%, 03/02/33<sup>(a)</sup> | &nbsp;&nbsp; 4106 | 4243032 |
| 5.63%, 08/21/33<sup>(a)</sup> | &nbsp;&nbsp; 11428 | 11826594 |
| Intuit, Inc. |  |  |
| 5.20%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 8092 | 8380793 |
| 5.50%, 09/15/53<sup>(a)</sup> | &nbsp;&nbsp; 10532 | 9966917 |
| Microsoft Corp. |  |  |
| 2.50%, 09/15/50 | &nbsp;&nbsp; 12167 | 7529660 |
| 2.53%, 06/01/50 | &nbsp;&nbsp; 48318 | 30041973 |
| 2.68%, 06/01/60 | &nbsp;&nbsp; 32730 | 18963700 |
| 2.92%, 03/17/52 | &nbsp;&nbsp; 45660 | 30364425 |
| 3.04%, 03/17/62 | &nbsp;&nbsp; 19413 | 12174855 |
| 3.45%, 08/08/36<sup>(a)</sup> | &nbsp;&nbsp; 7075 | 6536428 |
| 3.50%, 02/12/35<sup>(a)</sup> | &nbsp;&nbsp; 6939 | 6578904 |
| 3.70%, 08/08/46 | &nbsp;&nbsp; 12638 | 10297369 |
| 4.10%, 02/06/37<sup>(a)</sup> | &nbsp;&nbsp; 11135 | 10894937 |
| 4.25%, 02/06/47 | &nbsp;&nbsp; 12749 | 11319893 |
| 4.45%, 11/03/45<sup>(a)</sup> | &nbsp;&nbsp; 10544 | 9776397 |
| 4.50%, 02/06/57<sup>(a)</sup> | &nbsp;&nbsp; 9720 | 8735990 |
| MSCI, Inc., 5.25%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 5193 | 5187521 |
| Oracle Corp. |  |  |
| 2.88%, 03/25/31 | &nbsp;&nbsp; 19260 | 17488342 |
| 2.95%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 25992 | 24179178 |
| 3.60%, 04/01/40 | &nbsp;&nbsp; 24081 | 18079562 |
| 3.60%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 36593 | 22793011 |
| 3.65%, 03/25/41 | &nbsp;&nbsp; 18378 | 13670635 |
| 3.80%, 11/15/37 | &nbsp;&nbsp; 14644 | 12031291 |
| 3.85%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 8468 | 7226078 |
| 3.85%, 04/01/60<sup>(a)</sup> | &nbsp;&nbsp; 27590 | 16798972 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 3.90%, 05/15/35 | &nbsp;&nbsp; $16527 | $14455669 |
| 3.95%, 03/25/51 | &nbsp;&nbsp; 28832 | 18906457 |
| 4.00%, 07/15/46 | &nbsp;&nbsp; 24132 | 16812086 |
| 4.00%, 11/15/47 | &nbsp;&nbsp; 19204 | 13211182 |
| 4.10%, 03/25/61<sup>(a)</sup> | &nbsp;&nbsp; 10814 | 6922091 |
| 4.13%, 05/15/45 | &nbsp;&nbsp; 16491 | 11892904 |
| 4.20%, 09/27/29 | &nbsp;&nbsp; 11958 | 11800159 |
| 4.30%, 07/08/34 | &nbsp;&nbsp; 11596 | 10609677 |
| 4.38%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 12809 | 8809955 |
| 4.45%, 09/26/30 | &nbsp;&nbsp; 24095 | 23629453 |
| 4.50%, 07/08/44 | &nbsp;&nbsp; 7688 | 5924484 |
| 4.65%, 05/06/30 | &nbsp;&nbsp; 6051 | 6037894 |
| 4.70%, 09/27/34 | &nbsp;&nbsp; 14164 | 13287440 |
| 4.80%, 09/26/32<sup>(a)</sup> | &nbsp;&nbsp; 24054 | 23494716 |
| 4.90%, 02/06/33 | &nbsp;&nbsp; 12058 | 11772457 |
| 4.95%, 02/04/31 | &nbsp;&nbsp; 29107 | 29034486 |
| 5.20%, 09/26/35<sup>(a)</sup> | &nbsp;&nbsp; 29656 | 28689033 |
| 5.25%, 02/03/32<sup>(a)</sup> | &nbsp;&nbsp; 10602 | 10646462 |
| 5.35%, 05/04/33<sup>(a)</sup> | &nbsp;&nbsp; 32428 | 32504563 |
| 5.38%, 07/15/40 | &nbsp;&nbsp; 16147 | 14748990 |
| 5.38%, 09/27/54 | &nbsp;&nbsp; 16717 | 13507515 |
| 5.50%, 08/03/35<sup>(a)</sup> | &nbsp;&nbsp; 14178 | 13974020 |
| 5.50%, 09/27/64 | &nbsp;&nbsp; 10822 | 8536391 |
| 5.55%, 02/06/53 | &nbsp;&nbsp; 19531 | 16197097 |
| 5.70%, 02/04/36<sup>(a)</sup> | &nbsp;&nbsp; 17710 | 17694955 |
| 5.88%, 09/26/45 | &nbsp;&nbsp; 20006 | 18050962 |
| 5.95%, 09/26/55 | &nbsp;&nbsp; 27952 | 24560743 |
| 6.00%, 08/03/55 | &nbsp;&nbsp; 15966 | 14008817 |
| 6.10%, 09/26/65 | &nbsp;&nbsp; 15553 | 13353527 |
| 6.13%, 07/08/39<sup>(a)</sup> | &nbsp;&nbsp; 10092 | 9961597 |
| 6.13%, 08/03/65 | &nbsp;&nbsp; 8033 | 6939702 |
| 6.15%, 11/09/29 | &nbsp;&nbsp; 10024 | 10487169 |
| 6.25%, 11/09/32<sup>(a)</sup> | &nbsp;&nbsp; 16499 | 17393678 |
| 6.50%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 10047 | 10407076 |
| 6.55%, 02/04/46 | &nbsp;&nbsp; 33508 | 32601511 |
| 6.70%, 02/04/56 | &nbsp;&nbsp; 33082 | 32052478 |
| 6.85%, 02/04/66 | &nbsp;&nbsp; 31450 | 30030960 |
| 6.90%, 11/09/52 | &nbsp;&nbsp; 20260 | 19968134 |
| Paychex, Inc. |  |  |
| 5.10%, 04/15/30 | &nbsp;&nbsp; 15172 | 15492977 |
| 5.35%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10577 | 10844557 |
| 5.60%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5988 | 6138808 |
| Roper Technologies, Inc. |  |  |
| 1.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 14386 | 12636930 |
| 4.90%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6886 | 6820252 |
| 5.10%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6011 | 5992371 |
| Salesforce, Inc. |  |  |
| 1.95%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 12605 | 11206569 |
| 2.70%, 07/15/41<sup>(a)</sup> | &nbsp;&nbsp; 8500 | 6035682 |
| 2.90%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 15315 | 9372275 |
| 3.05%, 07/15/61<sup>(a)</sup> | &nbsp;&nbsp; 7344 | 4298077 |
| Synopsys, Inc. |  |  |
| 4.85%, 04/01/30 | &nbsp;&nbsp; 11160 | 11423428 |
| 5.00%, 04/01/32 | &nbsp;&nbsp; 12328 | 12705312 |
| 5.15%, 04/01/35 | &nbsp;&nbsp; 18197 | 18608227 |
| 5.70%, 04/01/55 | &nbsp;&nbsp; 9933 | 9932456 |
| VMware LLC |  |  |
| 2.20%, 08/15/31 | &nbsp;&nbsp; 10294 | 9212295 |
| 4.70%, 05/15/30 | &nbsp;&nbsp; 5642 | 5764027 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Workday, Inc. |  |  |
| 3.70%, 04/01/29 | &nbsp;&nbsp; $929 | $913409 |
| 3.80%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 5175 | 4906306 |
|  |  | 1253078757 |
| **Telecommunications — 5.9%** | **Telecommunications — 5.9%** | **Telecommunications — 5.9%** |
| AT&T, Inc. |  |  |
| 2.25%, 02/01/32 | &nbsp;&nbsp; 18726 | 16710558 |
| 2.55%, 12/01/33 | &nbsp;&nbsp; 27068 | 23457619 |
| 2.75%, 06/01/31 | &nbsp;&nbsp; 20326 | 18919250 |
| 3.30%, 02/01/52 | &nbsp;&nbsp; 12617 | 8324906 |
| 3.50%, 06/01/41<sup>(a)</sup> | &nbsp;&nbsp; 24008 | 19287655 |
| 3.50%, 09/15/53<sup>(a)</sup> | &nbsp;&nbsp; 62482 | 42537146 |
| 3.55%, 09/15/55 | &nbsp;&nbsp; 60656 | 40959353 |
| 3.65%, 06/01/51<sup>(a)</sup> | &nbsp;&nbsp; 25773 | 18439303 |
| 3.65%, 09/15/59 | &nbsp;&nbsp; 53284 | 35792371 |
| 3.80%, 12/01/57 | &nbsp;&nbsp; 47791 | 33410573 |
| 3.85%, 06/01/60 | &nbsp;&nbsp; 16011 | 11182939 |
| 4.30%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 18819 | 18978905 |
| 4.30%, 12/15/42 | &nbsp;&nbsp; 10629 | 9167777 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 5704 | 5765744 |
| 4.35%, 06/15/45<sup>(a)</sup> | &nbsp;&nbsp; 12773 | 10742140 |
| 4.40%, 04/30/31<sup>(a)</sup> | &nbsp;&nbsp; 3126 | 3150990 |
| 4.50%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 19001 | 18496848 |
| 4.50%, 03/09/48 | &nbsp;&nbsp; 14961 | 12534580 |
| 4.55%, 11/01/32<sup>(a)</sup> | &nbsp;&nbsp; 11257 | 11322861 |
| 4.55%, 03/09/49 | &nbsp;&nbsp; 11049 | 9266131 |
| 4.70%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 9575 | 9813658 |
| 4.75%, 05/15/46 | &nbsp;&nbsp; 18840 | 16558813 |
| 4.85%, 03/01/39 | &nbsp;&nbsp; 6972 | 6706079 |
| 4.90%, 11/01/35 | &nbsp;&nbsp; 14724 | 14741782 |
| 5.13%, 04/30/36<sup>(a)</sup> | &nbsp;&nbsp; 1231 | 1246662 |
| 5.25%, 03/01/37<sup>(a)</sup> | &nbsp;&nbsp; 8209 | 8409800 |
| 5.38%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9546 | 9912283 |
| 5.40%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 16628 | 17422946 |
| 5.55%, 11/01/45<sup>(a)</sup> | &nbsp;&nbsp; 9561 | 9388966 |
| 5.65%, 02/15/47<sup>(a)</sup> | &nbsp;&nbsp; 8662 | 8780478 |
| 5.70%, 11/01/54<sup>(a)</sup> | &nbsp;&nbsp; 13906 | 13465139 |
| 5.85%, 04/30/46 | &nbsp;&nbsp; 1446 | 1457625 |
| 6.00%, 04/30/56 | &nbsp;&nbsp; 1853 | 1869959 |
| 6.05%, 08/15/56<sup>(a)</sup> | &nbsp;&nbsp; 13977 | 14190567 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 4.46%, 04/01/48 | &nbsp;&nbsp; 10969 | 9282890 |
| 5.10%, 05/11/33<sup>(a)</sup> | &nbsp;&nbsp; 8684 | 8930692 |
| 5.55%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 3557 | 3489552 |
| British Telecommunications PLC, 9.63%, <br> 12/15/30<br>| &nbsp;&nbsp; 17281 | 21119867 |
| Cisco Systems, Inc. |  |  |
| 4.75%, 02/24/30<sup>(a)</sup> | &nbsp;&nbsp; 4767 | 4915963 |
| 4.95%, 02/26/31 | &nbsp;&nbsp; 15547 | 16175934 |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 10248 | 10653316 |
| 5.05%, 02/26/34 | &nbsp;&nbsp; 15665 | 16247832 |
| 5.10%, 02/24/35<sup>(a)</sup> | &nbsp;&nbsp; 7372 | 7650668 |
| 5.30%, 02/26/54<sup>(a)</sup> | &nbsp;&nbsp; 14531 | 14105298 |
| 5.35%, 02/26/64 | &nbsp;&nbsp; 5459 | 5218058 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 13943 | 14639373 |
| 5.50%, 02/24/55 | &nbsp;&nbsp; 5724 | 5736090 |
| 5.90%, 02/15/39<sup>(a)</sup> | &nbsp;&nbsp; 14004 | 15277822 |
| Corning, Inc. |  |  |
| 4.38%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp; 7639 | 6364013 |
| 5.45%, 11/15/79<sup>(a)</sup> | &nbsp;&nbsp; 4142 | 3909728 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Deutsche Telekom International Finance BV, <br> 8.75%, 06/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; $24767 | $29041918 |
| Motorola Solutions, Inc. |  |  |
| 2.30%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 9817 | 9023679 |
| 2.75%, 05/24/31 | &nbsp;&nbsp; 5178 | 4799296 |
| 4.60%, 05/23/29<sup>(a)</sup> | &nbsp;&nbsp; 4308 | 4374899 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 6118 | 6393557 |
| 5.55%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6037 | 6356183 |
| Orange SA |  |  |
| 5.38%, 01/13/42 | &nbsp;&nbsp; 5227 | 5197629 |
| 5.50%, 02/06/44<sup>(a)</sup> | &nbsp;&nbsp; 9412 | 9521326 |
| 9.00%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 16518 | 19930308 |
| Rogers Communications, Inc. |  |  |
| 3.80%, 03/15/32 | &nbsp;&nbsp; 23298 | 22256491 |
| 4.50%, 03/15/42 | &nbsp;&nbsp; 4830 | 4218142 |
| 4.55%, 03/15/52<sup>(a)</sup> | &nbsp;&nbsp; 17810 | 14541799 |
| 5.00%, 03/15/44 | &nbsp;&nbsp; 6188 | 5629257 |
| 5.30%, 02/15/34 | &nbsp;&nbsp; 16835 | 17183703 |
| Sprint Capital Corp., 8.75%, 03/15/32 | &nbsp;&nbsp; 10630 | 12970134 |
| Telefonica Emisiones SA |  |  |
| 4.90%, 03/06/48<sup>(a)</sup> | &nbsp;&nbsp; 9376 | 7989297 |
| 5.21%, 03/08/47<sup>(a)</sup> | &nbsp;&nbsp; 19292 | 17183724 |
| 5.52%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 5660 | 5249718 |
| 7.05%, 06/20/36 | &nbsp;&nbsp; 15402 | 17413769 |
| Telefonica Europe BV, 8.25%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 12752 | 14730802 |
| T-Mobile USA, Inc. |  |  |
| 2.25%, 11/15/31 | &nbsp;&nbsp; 12477 | 11208594 |
| 2.55%, 02/15/31 | &nbsp;&nbsp; 16306 | 15080338 |
| 2.70%, 03/15/32 | &nbsp;&nbsp; 17332 | 15779588 |
| 2.88%, 02/15/31 | &nbsp;&nbsp; 9068 | 8512035 |
| 3.00%, 02/15/41 | &nbsp;&nbsp; 14830 | 11266922 |
| 3.30%, 02/15/51 | &nbsp;&nbsp; 23738 | 16151152 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 12165 | 11939809 |
| 3.40%, 10/15/52 | &nbsp;&nbsp; 23309 | 15908096 |
| 3.50%, 04/15/31 | &nbsp;&nbsp; 19408 | 18734830 |
| 3.60%, 11/15/60 | &nbsp;&nbsp; 9991 | 6732911 |
| 3.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 49642 | 49203090 |
| 4.38%, 04/15/40<sup>(a)</sup> | &nbsp;&nbsp; 10911 | 9957716 |
| 4.50%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 22098 | 18501599 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 12015 | 12106259 |
| 4.70%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 12924 | 12845713 |
| 4.95%, 11/15/35 | &nbsp;&nbsp; 14169 | 14301810 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 11273 | 11332405 |
| 5.05%, 07/15/33 | &nbsp;&nbsp; 16973 | 17496493 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 21505 | 22297625 |
| 5.15%, 04/15/34<sup>(a)</sup> | &nbsp;&nbsp; 10965 | 11325491 |
| 5.20%, 01/15/33 | &nbsp;&nbsp; 12143 | 12632686 |
| 5.25%, 06/15/55<sup>(a)</sup> | &nbsp;&nbsp; 8192 | 7550040 |
| 5.30%, 05/15/35 | &nbsp;&nbsp; 12910 | 13376454 |
| 5.50%, 01/15/55 | &nbsp;&nbsp; 7613 | 7271911 |
| 5.65%, 01/15/53 | &nbsp;&nbsp; 13768 | 13490595 |
| 5.70%, 01/15/56<sup>(a)</sup> | &nbsp;&nbsp; 7698 | 7531450 |
| 5.75%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6653 | 7105741 |
| 5.75%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 10836 | 10749129 |
| 5.80%, 09/15/62<sup>(a)</sup> | &nbsp;&nbsp; 3416 | 3411701 |
| 5.85%, 02/15/56<sup>(a)</sup> | &nbsp;&nbsp; 9634 | 9685603 |
| 5.88%, 11/15/55 | &nbsp;&nbsp; 10566 | 10677167 |
| 6.00%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 9015 | 9252855 |
| Verizon Communications, Inc. |  |  |
| 1.50%, 09/18/30<sup>(a)</sup> | &nbsp;&nbsp; 7717 | 6894930 |
| 1.68%, 10/30/30 | &nbsp;&nbsp; 5318 | 4768403 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 1.75%, 01/20/31 | &nbsp;&nbsp; $15583 | $13925831 |
| 2.36%, 03/15/32 | &nbsp;&nbsp; 39335 | 35108993 |
| 2.55%, 03/21/31<sup>(a)</sup> | &nbsp;&nbsp; 19232 | 17775368 |
| 2.65%, 11/20/40 | &nbsp;&nbsp; 21283 | 15500228 |
| 2.85%, 09/03/41 | &nbsp;&nbsp; 10412 | 7630330 |
| 2.88%, 11/20/50<sup>(a)</sup> | &nbsp;&nbsp; 27232 | 17194255 |
| 2.99%, 10/30/56<sup>(a)</sup> | &nbsp;&nbsp; 25910 | 15758110 |
| 3.00%, 11/20/60<sup>(a)</sup> | &nbsp;&nbsp; 13183 | 7876320 |
| 3.15%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp; 6047 | 5850659 |
| 3.40%, 03/22/41<sup>(a)</sup> | &nbsp;&nbsp; 27329 | 21742939 |
| 3.55%, 03/22/51<sup>(a)</sup> | &nbsp;&nbsp; 35393 | 25618282 |
| 3.70%, 03/22/61<sup>(a)</sup> | &nbsp;&nbsp; 25435 | 17574797 |
| 3.88%, 03/01/52<sup>(a)</sup> | &nbsp;&nbsp; 10752 | 8143753 |
| 4.00%, 03/22/50<sup>(a)</sup> | &nbsp;&nbsp; 12535 | 9804267 |
| 4.02%, 12/03/29 | &nbsp;&nbsp; 22035 | 22052546 |
| 4.13%, 08/15/46 | &nbsp;&nbsp; 10893 | 8910898 |
| 4.27%, 01/15/36 | &nbsp;&nbsp; 12064 | 11461355 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 14296 | 13999844 |
| 4.50%, 08/10/33 | &nbsp;&nbsp; 19161 | 19109260 |
| 4.52%, 09/15/48<sup>(a)</sup> | &nbsp;&nbsp; 11753 | 10019224 |
| 4.75%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 11470 | 11625288 |
| 4.78%, 02/15/35 | &nbsp;&nbsp; 21013 | 20915130 |
| 4.81%, 03/15/39 | &nbsp;&nbsp; 13578 | 13106982 |
| 4.86%, 08/21/46 | &nbsp;&nbsp; 18905 | 17019988 |
| 5.00%, 01/15/36 | &nbsp;&nbsp; 27536 | 27664819 |
| 5.01%, 08/21/54 | &nbsp;&nbsp; 7451 | 6641306 |
| 5.05%, 05/09/33<sup>(a)</sup> | &nbsp;&nbsp; 5025 | 5210283 |
| 5.25%, 04/02/35<sup>(a)</sup> | &nbsp;&nbsp; 17782 | 18288794 |
| 5.25%, 03/16/37<sup>(a)</sup> | &nbsp;&nbsp; 13251 | 13489014 |
| 5.40%, 07/02/37<sup>(a)</sup> | &nbsp;&nbsp; 10286 | 10562738 |
| 5.50%, 02/23/54<sup>(a)</sup> | &nbsp;&nbsp; 10393 | 10146411 |
| 5.75%, 11/30/45 | &nbsp;&nbsp; 19973 | 20150071 |
| 5.88%, 11/30/55<sup>(a)</sup> | &nbsp;&nbsp; 17351 | 17441359 |
| 6.00%, 11/30/65 | &nbsp;&nbsp; 13956 | 13999977 |
| 6.55%, 09/15/43 | &nbsp;&nbsp; 7067 | 7875417 |
| Vodafone Group PLC |  |  |
| 4.25%, 09/17/50 | &nbsp;&nbsp; 9798 | 7876876 |
| 4.88%, 06/19/49<sup>(a)</sup> | &nbsp;&nbsp; 13071 | 11646057 |
| 5.25%, 05/30/48 | &nbsp;&nbsp; 7877 | 7384632 |
| 5.75%, 06/28/54<sup>(a)</sup> | &nbsp;&nbsp; 16886 | 16642396 |
| 5.88%, 06/28/64 | &nbsp;&nbsp; 3311 | 3259910 |
| 6.15%, 02/27/37<sup>(a)</sup> | &nbsp;&nbsp; 7185 | 7922267 |
|  |  | 1909143248 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro, Inc., 3.90%, 11/19/29 | &nbsp;&nbsp; 4176 | 4139827 |
| **Transportation — 1.5%** | **Transportation — 1.5%** | **Transportation — 1.5%** |
| Burlington Northern Santa Fe LLC |  |  |
| 3.30%, 09/15/51 | &nbsp;&nbsp; 8684 | 6108148 |
| 3.55%, 02/15/50<sup>(a)</sup> | &nbsp;&nbsp; 7824 | 5835185 |
| 3.90%, 08/01/46 | &nbsp;&nbsp; 8750 | 7151019 |
| 4.05%, 06/15/48<sup>(a)</sup> | &nbsp;&nbsp; 7920 | 6524637 |
| 4.13%, 06/15/47<sup>(a)</sup> | &nbsp;&nbsp; 5845 | 4911463 |
| 4.15%, 04/01/45 | &nbsp;&nbsp; 8725 | 7447542 |
| 4.15%, 12/15/48 | &nbsp;&nbsp; 6332 | 5280247 |
| 4.45%, 03/15/43 | &nbsp;&nbsp; 7358 | 6641179 |
| 4.45%, 01/15/53 | &nbsp;&nbsp; 8268 | 7073507 |
| 4.55%, 09/01/44 | &nbsp;&nbsp; 7550 | 6824397 |
| 4.90%, 04/01/44 | &nbsp;&nbsp; 7770 | 7409540 |
| 5.20%, 04/15/54 | &nbsp;&nbsp; 13003 | 12439134 |
| 5.50%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 9493 | 9463843 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 5.55%, 03/15/56 | &nbsp;&nbsp; $9910 | $9942047 |
| 5.75%, 05/01/40 | &nbsp;&nbsp; 5461 | 5825770 |
| 5.80%, 03/15/56 | &nbsp;&nbsp; 8181 | 8518778 |
| Canadian National Railway Co. |  |  |
| 3.85%, 08/05/32<sup>(a)</sup> | &nbsp;&nbsp; 8459 | 8285645 |
| 4.38%, 09/18/34<sup>(a)</sup> | &nbsp;&nbsp; 4668 | 4641647 |
| Canadian Pacific Railway Co. |  |  |
| 2.45%, 12/02/31 | &nbsp;&nbsp; 10647 | 9687655 |
| 3.00%, 12/02/41<sup>(a)</sup> | &nbsp;&nbsp; 4601 | 3531565 |
| 3.10%, 12/02/51<sup>(a)</sup> | &nbsp;&nbsp; 11440 | 7790149 |
| 6.13%, 09/15/2115 | &nbsp;&nbsp; 4561 | 4715061 |
| CSX Corp. |  |  |
| 3.80%, 11/01/46 | &nbsp;&nbsp; 6923 | 5529730 |
| 4.10%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 10125 | 10090145 |
| 4.10%, 03/15/44 | &nbsp;&nbsp; 6415 | 5520087 |
| 4.25%, 03/15/29 | &nbsp;&nbsp; 6196 | 6273735 |
| 4.30%, 03/01/48 | &nbsp;&nbsp; 7236 | 6168018 |
| 4.50%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp; 6277 | 5430835 |
| 5.05%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6521 | 6715731 |
| FedEx Corp. |  |  |
| 4.55%, 04/01/46<sup>(a)</sup> | &nbsp;&nbsp; 5824 | 5067957 |
| 4.75%, 11/15/45 | &nbsp;&nbsp; 4513 | 4047806 |
| 5.25%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 6233 | 5968625 |
| Fedex Freight Holding Co., Inc. |  |  |
| 4.65%, 03/15/31<sup>(c)</sup> | &nbsp;&nbsp; 6008 | 6045974 |
| 5.25%, 03/15/36<sup>(c)</sup> | &nbsp;&nbsp; 1411 | 1407466 |
| Norfolk Southern Corp. |  |  |
| 3.05%, 05/15/50 | &nbsp;&nbsp; 8580 | 5736318 |
| 3.16%, 05/15/55 | &nbsp;&nbsp; 7795 | 5110842 |
| 4.55%, 06/01/53 | &nbsp;&nbsp; 7268 | 6211023 |
| 5.35%, 08/01/54<sup>(a)</sup> | &nbsp;&nbsp; 8795 | 8500723 |
| Union Pacific Corp. |  |  |
| 2.38%, 05/20/31 | &nbsp;&nbsp; 9028 | 8347143 |
| 2.40%, 02/05/30 | &nbsp;&nbsp; 4739 | 4481462 |
| 2.80%, 02/14/32<sup>(a)</sup> | &nbsp;&nbsp; 10996 | 10228013 |
| 2.95%, 03/10/52 | &nbsp;&nbsp; 10843 | 7025174 |
| 2.97%, 09/16/62 | &nbsp;&nbsp; 8204 | 4903400 |
| 3.20%, 05/20/41 | &nbsp;&nbsp; 6094 | 4886493 |
| 3.25%, 02/05/50 | &nbsp;&nbsp; 12457 | 8758555 |
| 3.50%, 02/14/53 | &nbsp;&nbsp; 11042 | 7955785 |
| 3.70%, 03/01/29 | &nbsp;&nbsp; 6080 | 6065582 |
| 3.75%, 02/05/70<sup>(a)</sup> | &nbsp;&nbsp; 5639 | 3917818 |
| 3.80%, 10/01/51 | &nbsp;&nbsp; 9810 | 7546482 |
| 3.80%, 04/06/71 | &nbsp;&nbsp; 6768 | 4730195 |
| 3.84%, 03/20/60 | &nbsp;&nbsp; 14345 | 10577590 |
| 4.50%, 01/20/33<sup>(a)</sup> | &nbsp;&nbsp; 8194 | 8359598 |
| 5.10%, 02/20/35<sup>(a)</sup> | &nbsp;&nbsp; 6092 | 6351826 |
| 5.60%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 8327 | 8395896 |
| United Parcel Service, Inc. |  |  |
| 3.40%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4897 | 4850410 |
| 3.75%, 11/15/47<sup>(a)</sup> | &nbsp;&nbsp; 12634 | 9974082 |
| 4.25%, 03/15/49 | &nbsp;&nbsp; 6972 | 5844062 |
| 4.45%, 04/01/30 | &nbsp;&nbsp; 5846 | 5980220 |
| 4.88%, 03/03/33<sup>(a)</sup> | &nbsp;&nbsp; 9603 | 10016986 |
| 5.05%, 03/03/53<sup>(a)</sup> | &nbsp;&nbsp; 10046 | 9304849 |
| 5.15%, 05/22/34<sup>(a)</sup> | &nbsp;&nbsp; 5944 | 6254427 |
| 5.25%, 05/14/35<sup>(a)</sup> | &nbsp;&nbsp; 9496 | 9970399 |
| 5.30%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 11122 | 10797638 |
| 5.50%, 05/22/54<sup>(a)</sup> | &nbsp;&nbsp; 6770 | 6687908 |
| 5.95%, 05/14/55<sup>(a)</sup> | &nbsp;&nbsp; 9804 | 10276775 |
| 6.05%, 05/14/65 | &nbsp;&nbsp; 7461 | 7793000 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 6.20%, 01/15/38 | &nbsp;&nbsp; $9001 | $10104965 |
| Walmart, Inc., 1.80%, 09/22/31<sup>(a)</sup> | &nbsp;&nbsp; 15450 | 13911534 |
|  |  | 484171440 |
| **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** |
| GATX Corp., 6.05%, 06/05/54<sup>(a)</sup> | &nbsp;&nbsp; 7142 | 7367554 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| 3.75%, 09/01/47 | &nbsp;&nbsp; 10528 | 8198024 |
| 4.45%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 12332 | 12440080 |
| 5.25%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 3696 | 3841629 |
| 5.70%, 09/01/55 | &nbsp;&nbsp; 6699 | 6770423 |
| 6.59%, 10/15/37<sup>(a)</sup> | &nbsp;&nbsp; 8777 | 10106573 |
|  |  | 41356729 |
| **Total Long-Term Investments — 97.5%** <br>**(Cost: $33,318,001,121)** | **Total Long-Term Investments — 97.5%** <br>**(Cost: $33,318,001,121)** | 31328167512 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 9.4%** | **Money Market Funds — 9.4%** | **Money Market Funds — 9.4%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(d)(e)(f)</sup><br>| &nbsp;&nbsp; 2657230932 | 2658559547 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Money Market Funds (continued)** | **Money Market Funds (continued)** | **Money Market Funds (continued)** |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(d)(e)</sup><br>| &nbsp;&nbsp; 367690000 | $367690000 |
| **Total Short-Term Securities — 9.4%** <br>**(Cost: $3,024,983,981)** | **Total Short-Term Securities — 9.4%** <br>**(Cost: $3,024,983,981)** | 3026249547 |
| **Total Investments — 106.9%** <br>**(Cost: $36,342,985,102)** | **Total Investments — 106.9%** <br>**(Cost: $36,342,985,102)** | 34354417059 |
| **Liabilities in Excess of Other Assets — (6.9)%** | **Liabilities in Excess of Other Assets — (6.9)%** | (2221782728)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $32132634331 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

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

<sup>(c)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(d)</sup> Affiliate of the Fund.

<sup>(e)</sup> Annualized 7-day yield as of period end.

<sup>(f)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institu-<br> tional, SL Agency Shares<br>| $2386575277<br> $271993536 <br><sup>(a)</sup><br>| $— | $19347 | $(28613)<br>| $2658559547 | 2657230932 | $5038571 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Trea-<br> sury, SL Agency Shares<br>| 304490000<br> 63200000 <br><sup>(a)</sup><br>|  |  |  | 367690000 | 367690000 | 12168502 |  |
|  |  |  | $19347 | $(28613) | $3026249547 |  | $17207073 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® iBoxx $ Investment Grade Corporate Bond ETF**

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $31328167512 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $31328167512 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 3026249547 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3026249547 |
|  | &nbsp;&nbsp; $3026249547 | &nbsp;&nbsp; $31328167512 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $34354417059 |

---

*See notes to financial statements.*

Schedule of Investments

------

Statements of Assets and Liabilities

February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; iShares <br>iBoxx $ High Yield <br> Corporate Bond <br> ETF <br>| &nbsp;&nbsp; iShares <br>iBoxx $ Investment <br> Grade Corporate <br> Bond ETF <br>|
| **ASSETS** |  |  |
| Investments, at value—unaffiliated<sup>(a)(b)</sup> | $16311952934 | $31328167512 |
| Investments, at value—affiliated<sup>(c)</sup> | 2772355622 | 3026249547 |
| Cash | 3949669 | 39426599 |
| Foreign currency, at value<sup>(d)</sup> | 57328 |  |
| Receivables: |  |  |
| Investments sold | 75855907 | 319545885 |
| Securities lending income—affiliated | 873043 | 509906 |
| Loans | 229417 |  |
| Capital shares sold | 1687015 | 4995040 |
| Dividends—affiliated | 421961 | 816230 |
| Interest—unaffiliated | 278982875 | 400072248 |
| Total assets | 19446365771 | 35119782967 |
| **LIABILITIES** |  |  |
| Collateral on securities loaned, at value | 2562938932 | 2657149809 |
| Payables: |  |  |
| Investments purchased | 201817957 | 325452139 |
| Capital shares redeemed | 851530 | 1459421 |
| Investment advisory fees | 6473096 | 3087267 |
| Total liabilities | 2772081515 | 2987148636 |
| **Commitments and contingent liabilities** |  |  |
| NET ASSETS | $16674284256 | $32132634331 |
| **NET ASSETS CONSIST OF** |  |  |
| Paid-in capital | $19287220960 | $36756587585 |
| Accumulated loss | (2612936704) | (4623953254) |
| NET ASSETS | $16674284256 | $32132634331 |
| **NET ASSET VALUE** |  |  |
| Shares outstanding | 206800000 | 287600000 |
| Net asset value | $80.63 | $111.73 |
| Shares authorized | Unlimited | Unlimited |
| Par value |  |  |
| <sup>(a)</sup> Investments, at cost—unaffiliated | $16819168335 | $33318001121 |
| <sup>(b)</sup> Securities loaned, at value | $2454405662 | $2563553370 |
| <sup>(c)</sup> Investments, at cost—affiliated | $2770830786 | $3024983981 |
| <sup>(d)</sup> Foreign currency, at cost | $56422 | $— |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Operations

Year Ended February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | iShares <br>iBoxx $ High Yield <br> Corporate Bond <br> ETF <br>| &nbsp;&nbsp; iShares <br>iBoxx $ Investment <br> Grade Corporate <br> Bond ETF <br>|
| **INVESTMENT INCOME** |  |  |
| Dividends—affiliated | &nbsp;&nbsp; $3283919 | &nbsp;&nbsp;&nbsp; $12168502 |
| Interest—unaffiliated | &nbsp;&nbsp; 1057191721 | &nbsp;&nbsp;&nbsp; 1371923792 |
| Securities lending income—affiliated—net | &nbsp;&nbsp; 13022714 | &nbsp;&nbsp;&nbsp; 5038571 |
| Payment-in-kind interest—unaffiliated | &nbsp;&nbsp; 9652513 | &nbsp;&nbsp;&nbsp; — |
| Other income—unaffiliated | &nbsp;&nbsp; 388785 | &nbsp;&nbsp;&nbsp; 2049999 |
| Total investment income | &nbsp;&nbsp; 1083539652 | &nbsp;&nbsp;&nbsp; 1391180864 |
| EXPENSES |  |  |
| Investment advisory | &nbsp;&nbsp; 85201518 | &nbsp;&nbsp;&nbsp; 40919514 |
| Interest expense | &nbsp;&nbsp; 962 | &nbsp;&nbsp;&nbsp; — |
| Total expenses | &nbsp;&nbsp; 85202480 | &nbsp;&nbsp;&nbsp; 40919514 |
| Net investment income | &nbsp;&nbsp; 998337172 | &nbsp;&nbsp;&nbsp; 1350261350 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |
| Net realized gain (loss) from: |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; (143571663)<br>| &nbsp;&nbsp;&nbsp; (392858767)<br>|
| Investments—affiliated | &nbsp;&nbsp; (48168)<br>| &nbsp;&nbsp;&nbsp; 19347 |
| Foreign currency transactions | &nbsp;&nbsp; (2438189)<br>| &nbsp;&nbsp;&nbsp; — |
| In-kind redemptions—unaffiliated<sup>(a)</sup> | &nbsp;&nbsp; 125129356 | &nbsp;&nbsp;&nbsp; (79408951)<br>|
| Litigation proceeds<sup>(b)</sup> | &nbsp;&nbsp; 4172362 | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; (16756302)<br>| &nbsp;&nbsp;&nbsp; (472248371)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; 145395631 | &nbsp;&nbsp;&nbsp; 981911029 |
| Investments—affiliated | &nbsp;&nbsp; 38253 | &nbsp;&nbsp;&nbsp; (28613)<br>|
| Foreign currency translations | &nbsp;&nbsp; 1841 | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; 145435725 | &nbsp;&nbsp;&nbsp; 981882416 |
| Net realized and unrealized gain | &nbsp;&nbsp; 128679423 | &nbsp;&nbsp;&nbsp; 509634045 |
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | &nbsp;&nbsp; $1127016595 | &nbsp;&nbsp;&nbsp; $1859895395 |
| <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. |
| <sup>(b)</sup> Represents proceeds received from settlement of class action litigation where the Fund was able to recover a portion of investment losses previously realized. | <sup>(b)</sup> Represents proceeds received from settlement of class action litigation where the Fund was able to recover a portion of investment losses previously realized. | <sup>(b)</sup> Represents proceeds received from settlement of class action litigation where the Fund was able to recover a portion of investment losses previously realized. |

---

*See notes to financial statements.*

Statements of Operations

------

Statements of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | iShares <br>iBoxx $ High Yield Corporate Bond ETF  | iShares <br>iBoxx $ High Yield Corporate Bond ETF  | iShares <br>iBoxx $ Investment Grade Corporate Bond ETF  | iShares <br>iBoxx $ Investment Grade Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |  |  |
| **OPERATIONS** |  |  |  |  |
| Net investment income | &nbsp;&nbsp; $998337172 | &nbsp;&nbsp;&nbsp; $920650074 | &nbsp;&nbsp;&nbsp; $1350261350 | &nbsp;&nbsp;&nbsp; $1343328056 |
| Net realized gain (loss) | &nbsp;&nbsp; (16756302)<br>| &nbsp;&nbsp;&nbsp; 110124227 | &nbsp;&nbsp;&nbsp; (472248371)<br>| &nbsp;&nbsp;&nbsp; (727966582)<br>|
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 145435725 | &nbsp;&nbsp;&nbsp; 443344668 | &nbsp;&nbsp;&nbsp; 981882416 | &nbsp;&nbsp;&nbsp; 1306780020 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 1127016595 | &nbsp;&nbsp;&nbsp; 1474118969 | &nbsp;&nbsp;&nbsp; 1859895395 | &nbsp;&nbsp;&nbsp; 1922141494 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(a)</sup> <br>|  |  |  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (1010010897)<br>| &nbsp;&nbsp;&nbsp; (957253452)<br>| &nbsp;&nbsp;&nbsp; (1357340480)<br>| &nbsp;&nbsp;&nbsp; (1352653165)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |  |  |
| Net increase (decrease) in net assets derived from capital share transactions | &nbsp;&nbsp; 1300624326 | &nbsp;&nbsp;&nbsp; (1260511405)<br>| &nbsp;&nbsp;&nbsp; 1088165850 | &nbsp;&nbsp;&nbsp; (2944873715)<br>|
| *NET ASSETS* |  |  |  |  |
| Total increase (decrease) in net assets | &nbsp;&nbsp; 1417630024 | &nbsp;&nbsp;&nbsp; (743645888)<br>| &nbsp;&nbsp;&nbsp; 1590720765 | &nbsp;&nbsp;&nbsp; (2375385386)<br>|
| Beginning of year | &nbsp;&nbsp; 15256654232 | &nbsp;&nbsp;&nbsp; 16000300120 | &nbsp;&nbsp;&nbsp; 30541913566 | &nbsp;&nbsp;&nbsp; 32917298952 |
| End of year | &nbsp;&nbsp; $16674284256 | &nbsp;&nbsp;&nbsp; $15256654232 | &nbsp;&nbsp;&nbsp; $32132634331 | &nbsp;&nbsp;&nbsp; $30541913566 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares iBoxx $ High Yield Corporate Bond ETF  | iShares iBoxx $ High Yield Corporate Bond ETF  | iShares iBoxx $ High Yield Corporate Bond ETF  | iShares iBoxx $ High Yield Corporate Bond ETF  | iShares iBoxx $ High Yield Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $79.92 | &nbsp;&nbsp;&nbsp; $77.18 | &nbsp;&nbsp;&nbsp; $74.51 | &nbsp;&nbsp;&nbsp; $83.47 | &nbsp;&nbsp;&nbsp; $86.84 |
| Net investment income<sup>(a)</sup> | 4.59 | &nbsp;&nbsp;&nbsp;&nbsp;4.59 | &nbsp;&nbsp;&nbsp;&nbsp;4.40 | &nbsp;&nbsp;&nbsp;&nbsp;3.88 | &nbsp;&nbsp;&nbsp;&nbsp;3.06 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 0.77 | &nbsp;&nbsp;&nbsp;&nbsp;2.85 | &nbsp;&nbsp;&nbsp;&nbsp;2.73 | &nbsp;&nbsp;&nbsp; (8.87)<br>| &nbsp;&nbsp;&nbsp; (2.95)<br>|
| Net increase (decrease) from investment operations | 5.36 | &nbsp;&nbsp;&nbsp;&nbsp;7.44 | &nbsp;&nbsp;&nbsp;&nbsp;7.13 | &nbsp;&nbsp;&nbsp; (4.99)<br>| &nbsp;&nbsp;&nbsp;&nbsp;0.11 |
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (4.65)<br>| &nbsp;&nbsp;&nbsp; (4.70)<br>| &nbsp;&nbsp;&nbsp; (4.46)<br>| &nbsp;&nbsp;&nbsp; (3.97)<br>| &nbsp;&nbsp;&nbsp; (3.48)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $80.63 | &nbsp;&nbsp;&nbsp; $79.92 | &nbsp;&nbsp;&nbsp; $77.18 | &nbsp;&nbsp;&nbsp; $74.51 | &nbsp;&nbsp;&nbsp; $83.47 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 6.92 %<sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.96<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.96<br> %<br>| &nbsp;&nbsp;&nbsp; (5.99)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.11<br> %<br>|
| **Ratios to Average Net Assets**<sup>(f)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.48<br> %<br>|
| Net investment income | 5.73<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.52<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $16674284 | &nbsp;&nbsp;&nbsp; $15256654 | &nbsp;&nbsp;&nbsp; $16000300 | &nbsp;&nbsp;&nbsp; $12703212 | &nbsp;&nbsp;&nbsp; $16669774 |
| Portfolio turnover rate<sup>(g)</sup> | &nbsp;&nbsp; 22<br> %<br>| &nbsp;&nbsp;&nbsp; 14<br> %<br>| &nbsp;&nbsp;&nbsp; 11<br> %<br>| &nbsp;&nbsp;&nbsp; 31<br> %<br>| &nbsp;&nbsp;&nbsp; 19<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Includes payment received from a settlement of litigation which impacted the Fund's total return, Excluding the payment from a settlement of litigation, the Fund's total return would have <br> been 6.90%. | <sup>(e)</sup> Includes payment received from a settlement of litigation which impacted the Fund's total return, Excluding the payment from a settlement of litigation, the Fund's total return would have <br> been 6.90%. | <sup>(e)</sup> Includes payment received from a settlement of litigation which impacted the Fund's total return, Excluding the payment from a settlement of litigation, the Fund's total return would have <br> been 6.90%. | <sup>(e)</sup> Includes payment received from a settlement of litigation which impacted the Fund's total return, Excluding the payment from a settlement of litigation, the Fund's total return would have <br> been 6.90%. | <sup>(e)</sup> Includes payment received from a settlement of litigation which impacted the Fund's total return, Excluding the payment from a settlement of litigation, the Fund's total return would have <br> been 6.90%. | <sup>(e)</sup> Includes payment received from a settlement of litigation which impacted the Fund's total return, Excluding the payment from a settlement of litigation, the Fund's total return would have <br> been 6.90%. |
| <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

Financial Highlights

------

Financial Highlights(continued)

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares iBoxx $ Investment Grade Corporate Bond ETF  | iShares iBoxx $ Investment Grade Corporate Bond ETF  | iShares iBoxx $ Investment Grade Corporate Bond ETF  | iShares iBoxx $ Investment Grade Corporate Bond ETF  | iShares iBoxx $ Investment Grade Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $109.47 | &nbsp;&nbsp;&nbsp; $107.64 | &nbsp;&nbsp;&nbsp; $105.81 | &nbsp;&nbsp;&nbsp; $124.51 | &nbsp;&nbsp;&nbsp; $132.40 |
| Net investment income<sup>(a)</sup> | 4.93 | &nbsp;&nbsp;&nbsp;&nbsp;4.78 | &nbsp;&nbsp;&nbsp;&nbsp;4.42 | &nbsp;&nbsp;&nbsp;&nbsp;3.73 | &nbsp;&nbsp;&nbsp;&nbsp;2.92 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 2.29 | &nbsp;&nbsp;&nbsp;&nbsp;1.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.88 | &nbsp;&nbsp;&nbsp; (18.85)<br>| &nbsp;&nbsp;&nbsp; (7.79)<br>|
| Net increase (decrease) from investment operations | 7.22 | &nbsp;&nbsp;&nbsp;&nbsp;6.58 | &nbsp;&nbsp;&nbsp;&nbsp;6.30 | &nbsp;&nbsp;&nbsp; (15.12)<br>| &nbsp;&nbsp;&nbsp; (4.87)<br>|
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (4.96)<br>| &nbsp;&nbsp;&nbsp; (4.75)<br>| &nbsp;&nbsp;&nbsp; (4.47)<br>| &nbsp;&nbsp;&nbsp; (3.58)<br>| &nbsp;&nbsp;&nbsp; (3.02)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $111.73 | &nbsp;&nbsp;&nbsp; $109.47 | &nbsp;&nbsp;&nbsp; $107.64 | &nbsp;&nbsp;&nbsp; $105.81 | &nbsp;&nbsp;&nbsp; $124.51 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 6.74<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.25<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.09<br> %<br>| &nbsp;&nbsp;&nbsp; (12.23)%<br>| &nbsp;&nbsp;&nbsp; (3.76)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.14<br> %<br>|
| Net investment income | 4.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.40<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.15<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.40<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.21<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $32132634 | &nbsp;&nbsp;&nbsp; $30541914 | &nbsp;&nbsp;&nbsp; $32917299 | &nbsp;&nbsp;&nbsp; $33351880 | &nbsp;&nbsp;&nbsp; $35822432 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 16<br> %<br>| &nbsp;&nbsp;&nbsp; 19<br> %<br>| &nbsp;&nbsp;&nbsp; 17<br> %<br>| &nbsp;&nbsp;&nbsp; 27<br> %<br>| &nbsp;&nbsp;&nbsp; 14<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***1. ORGANIZATION***

iShares Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following funds (each, a "Fund" and collectively, the "Funds"):

---

| | |
|:---|:---|
| *iShares ETF* | *Diversification* <br>*Classification* <br>|
| iBoxx $ High Yield Corporate Bond | &nbsp;&nbsp; Diversified |
| iBoxx $ Investment Grade Corporate Bond | &nbsp;&nbsp; Diversified |

---

***2. SIGNIFICANT ACCOUNTING POLICIES***

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

**Investment Transactions and Income Recognition:** For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, and payment-in-kind interest are recognized daily on an accrual basis.

**Foreign Currency Translation:** Each Fund's books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates determined as of the close of trading on the New York Stock Exchange ("NYSE"). Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.

Each Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.

**Cash:** The Funds may maintain cash at their custodian which, at times may exceed United States federally insured limits. The Funds may, at times, have outstanding cash disbursements that exceed deposited cash amounts at the custodian during the reporting period. The Funds are obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statements of Operations.

**In-kind Redemptions:** For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds' tax year. These reclassifications have no effect on net assets or net asset value ("NAV") per share.

**Distributions:** Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income, net realized capital gains and/or return of capital for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds.

The portion of distributions that exceeds each Fund's current and accumulated earnings and profits will constitute a non-taxable return of capital. Distributions in excess of each Fund's minimum distribution requirements, but not in excess of the Fund's earnings and profits, will be taxable to the Fund's shareholders and will not constitute non-taxable returns of capital. Return of capital distributions will reduce a shareholder's cost basis and will result in higher capital gains or lower capital losses when each Fund's shares on which distributions were received are sold. Once a shareholder's cost basis is reduced to zero, further distributions will be treated as capital gains.

**Indemnifications:** In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds' maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

**Segment Reporting:** The Chief Financial Officer acts as the Funds' Chief Operating Decision Maker ("CODM") and is responsible for assessing performance and allocating resources with respect to each Fund. The CODM has concluded that each Fund operates as a single operating segment since each Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within each Fund's financial statements.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

**Recent Accounting Standard:** The Funds adopted Financial Accounting Standards Board Update 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures ("ASU 2023-09") during the period. ASU 2023-09 enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The Funds' adoption of the new standard did not have a material impact on financial statement disclosures and did not affect each Fund's financial position or results of operations.

***3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS***

**Investment Valuation Policies:** Each Fund's investments are valued at fair value (also referred to as "market value" within the financial statements) each day that the Fund's listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Trustees of the Trust (the "Board") of each Fund has approved the designation of BlackRock Fund Advisors ("BFA"), the Funds' investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA's policies. If a security's market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA's policies and procedures as reflecting fair value. BFA has formed a committee (the "Valuation Committee") to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

**Fair Value Inputs and Methodologies:** The following methods and inputs are used to establish the fair value of each Fund's assets and liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Equity investments (except ETF options, equity index options or those that are customized) traded on a recognized securities exchange are valued at that day's official closing price, as applicable, on the exchange where the stock is primarily traded. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last traded price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed-income investments and certain derivative instruments for which market quotations are readily available are generally valued using the last available bid price provided by independent dealers or third-party pricing services. Floating rate loan interests are valued at the mean of the bid prices from one or more independent brokers or dealers as obtained from a third-party pricing service. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots of securities in certain asset classes may trade at lower prices than institutional round lots, and the value ultimately realized when the securities are sold could differ from the prices used by a fund. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

&nbsp;&nbsp;&nbsp;&nbsp;• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day's NAV.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee in accordance with BFA's policies and procedures as reflecting fair value ("Fair Valued Investments"). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm's-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement as of the measurement date.

Fair value pricing could result in a difference between the prices used to calculate a fund's NAV and the prices used by the fund's underlying index, which in turn could result in a difference between the fund's performance and the performance of the fund's underlying index.

**Fair Value Hierarchy:** Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that each Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

***4. SECURITIES AND OTHER INVESTMENTS***

**Floating Rate Loan Interests:** Floating rate loan interests are typically issued to companies (the "borrower") by banks, other financial institutions, or privately and publicly offered corporations (the "lender"). Floating rate loan interests are generally non-investment grade, often involve borrowers whose financial condition is troubled or uncertain and companies that are highly leveraged or in bankruptcy proceedings. In addition, transactions in floating rate loan interests may settle on a delayed basis, which may result in proceeds from the sale not being readily available for a fund to make additional investments or meet its redemption obligations. Floating rate loan interests may include fully funded term loans or revolving lines of credit. Floating rate loan interests are typically senior in the corporate capital structure of the borrower. Floating rate loan interests generally pay interest at rates that are periodically determined by reference to a base lending rate plus a premium. Since the rates reset only periodically, changes in prevailing interest rates (and particularly sudden and significant changes) can be expected to cause some fluctuations in the NAV of a fund to the extent that it invests in floating rate loan interests. The base lending rates are generally the lending rate offered by one or more European banks, such as the Secured Overnight Financing Rate ("SOFR"), the prime rate offered by one or more U.S. banks or the certificate of deposit rate. Floating rate loan interests may involve foreign borrowers, and investments may be denominated in foreign currencies. These investments are treated as investments in debt securities for purposes of a fund's investment policies.

When a fund purchases a floating rate loan interest, it may receive a facility fee and when it sells a floating rate loan interest, it may pay a facility fee. On an ongoing basis, a fund may receive a commitment fee based on the undrawn portion of the underlying line of credit amount of a floating rate loan interest. Facility and commitment fees are typically amortized to income over the term of the loan or term of the commitment, respectively. Consent and amendment fees are recorded to income as earned. Prepayment penalty fees, which may be received by a fund upon the prepayment of a floating rate loan interest by a borrower, are recorded as realized gains. A fund may invest in multiple series or tranches of a loan. A different series or tranche may have varying terms and carry different associated risks.

Floating rate loan interests are usually freely callable at the borrower's option. A fund may invest in such loans in the form of participations in loans ("Participations") or assignments ("Assignments") of all or a portion of loans from third parties. Participations typically will result in a fund having a contractual relationship only with the lender, not with the borrower. A fund has the right to receive payments of principal, interest and any fees to which it is entitled only from the lender selling the Participation and only upon receipt by the lender of the payments from the borrower. In connection with purchasing Participations, a fund generally will have no right to enforce compliance by the borrower with the terms of the loan agreement, nor any rights of offset against the borrower. A fund may not benefit directly from any collateral supporting the loan in which it has purchased the Participation. As a result, a fund assumes the credit risk of both the borrower and the lender that is selling the Participation. A fund's investment in loan participation interests involves the risk of insolvency of the financial intermediaries who are parties to the transactions. In the event of the insolvency of the lender selling the Participation, a fund may be treated as a general creditor of the lender and may not benefit from any offset between the lender and the borrower. Assignments typically result in a fund having a direct contractual relationship with the borrower, and a fund may enforce compliance by the borrower with the terms of the loan agreement.

**Securities Lending:** Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. Government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current market value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund's Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an "MSLA") which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty's bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties' obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party's net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF and Counterparty* | *Securities Loaned* <br>*at Value*<br>| &nbsp;&nbsp; *Cash Collateral* <br>*Received*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Non-Cash Collateral* <br>*Received, at Fair Value*<sup>(a)</sup> <br>| *Net Amount* |
| iBoxx $ High Yield Corporate Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $443883994 | &nbsp;&nbsp;&nbsp; $(443883994) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Barclays Capital, Inc. | &nbsp;&nbsp; 62166936 | &nbsp;&nbsp;&nbsp; (62166936) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 6276238 | &nbsp;&nbsp;&nbsp; (6276238) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 164024320 | &nbsp;&nbsp;&nbsp; (164024320) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 23480441 | &nbsp;&nbsp;&nbsp; (23480441) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citadel Clearing LLC | &nbsp;&nbsp; 37519170 | &nbsp;&nbsp;&nbsp; (37519170) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 138964445 | &nbsp;&nbsp;&nbsp; (138964445) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Deutsche Bank Securities, Inc. | &nbsp;&nbsp; 507769525 | &nbsp;&nbsp;&nbsp; (507769525) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 177483709 | &nbsp;&nbsp;&nbsp; (177483709) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| HSBC Securities (USA), Inc. | &nbsp;&nbsp; 267813 | &nbsp;&nbsp;&nbsp; (267813) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 205538302 | &nbsp;&nbsp;&nbsp; (205538302) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Jefferies LLC | &nbsp;&nbsp; 7094390 | &nbsp;&nbsp;&nbsp; (7094390) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 13453878 | &nbsp;&nbsp;&nbsp; (13453878) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 99748990 | &nbsp;&nbsp;&nbsp; (99748990) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 11468206 | &nbsp;&nbsp;&nbsp; (11468206) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Nomura Securities International, Inc. | &nbsp;&nbsp; 25207154 | &nbsp;&nbsp;&nbsp; (25207154) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 28466613 | &nbsp;&nbsp;&nbsp; (28466613) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 242420133 | &nbsp;&nbsp;&nbsp; (242420133) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 73630302 | &nbsp;&nbsp;&nbsp; (73630302) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital, Inc. | &nbsp;&nbsp; 46614727 | &nbsp;&nbsp;&nbsp; (46614727) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 9919286 | &nbsp;&nbsp;&nbsp; (9919286) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 7146191 | &nbsp;&nbsp;&nbsp; (7146191) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS AG | &nbsp;&nbsp; 270831 | &nbsp;&nbsp;&nbsp; (270831) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 1730393 | &nbsp;&nbsp;&nbsp; (1730393) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 28993091 | &nbsp;&nbsp;&nbsp; (28993091) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 90866584 | &nbsp;&nbsp;&nbsp; (90866584) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $2454405662 | &nbsp;&nbsp;&nbsp; $(2454405662) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| iBoxx $ Investment Grade Corporate Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $457372152 | &nbsp;&nbsp;&nbsp; $(457372152) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Barclays Capital, Inc. | &nbsp;&nbsp; 28895478 | &nbsp;&nbsp;&nbsp; (28895478) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 3479303 | &nbsp;&nbsp;&nbsp; (3479303) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 198575687 | &nbsp;&nbsp;&nbsp; (198575687) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 72071676 | &nbsp;&nbsp;&nbsp; (72071676) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citadel Clearing LLC | &nbsp;&nbsp; 4510890 | &nbsp;&nbsp;&nbsp; (4510890) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 78936689 | &nbsp;&nbsp;&nbsp; (78936689) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Deutsche Bank Securities, Inc. | &nbsp;&nbsp; 174209937 | &nbsp;&nbsp;&nbsp; (174209937) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 518920565 | &nbsp;&nbsp;&nbsp; (518920565) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| HSBC Securities (USA), Inc. | &nbsp;&nbsp; 29857546 | &nbsp;&nbsp;&nbsp; (29857546) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 505513820 | &nbsp;&nbsp;&nbsp; (505513820) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Jefferies LLC | &nbsp;&nbsp; 1083520 | &nbsp;&nbsp;&nbsp; (1083520) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 27043742 | &nbsp;&nbsp;&nbsp; (27043742) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 42290548 | &nbsp;&nbsp;&nbsp; (42290548) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 54803518 | &nbsp;&nbsp;&nbsp; (54803518) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Nomura Securities International, Inc. | &nbsp;&nbsp; 8113051 | &nbsp;&nbsp;&nbsp; (8113051) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 65030290 | &nbsp;&nbsp;&nbsp; (65030290) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 150993698 | &nbsp;&nbsp;&nbsp; (150993698) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 20482633 | &nbsp;&nbsp;&nbsp; (20482633) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital, Inc. | &nbsp;&nbsp; 15291682 | &nbsp;&nbsp;&nbsp; (15291682) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 2698990 | &nbsp;&nbsp;&nbsp; (2698990) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 6977879 | &nbsp;&nbsp;&nbsp; (6977879) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS AG | &nbsp;&nbsp; 8129201 | &nbsp;&nbsp;&nbsp; (8129201) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 2420419 | &nbsp;&nbsp;&nbsp; (2420419) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 7616939 | &nbsp;&nbsp;&nbsp; (7616939) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 78233517 | &nbsp;&nbsp;&nbsp; (78233517) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $2563553370 | &nbsp;&nbsp;&nbsp; $(2563553370) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund's Statements of Assets and Liabilities. 

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock Finance, Inc. BlackRock Finance, Inc.'s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.

***5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES***

**Investment Advisory Fees:** Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund's assets. BFA is a California corporation indirectly owned by BlackRock, Inc. ("BlackRock"). Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to the iShares iBoxx $ High Yield Corporate Bond ETF, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Fund, based on the Fund's allocable portion of the aggregate of the average daily net assets of the Fund and certain other iShares funds, as follows:

---

| | |
|:---|:---|
| *Aggregate Average Daily Net Assets* | *Investment Advisory Fees* |
| First $19 billion | 0.5000% |
| Over $19 billion, up to and including $33 billion | 0.475000 |
| Over $33 billion, up to and including $47 billion | 0.451250 |
| Over $47 billion | 0.428687 |

---

For its investment advisory services to the iShares iBoxx $ Investment Grade Corporate Bond ETF, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Fund, based on the Fund's allocable portion of the aggregate of the average daily net assets of the Fund and certain other iShares funds, as follows:

---

| | |
|:---|:---|
| *Aggregate Average Daily Net Assets* | *Investment Advisory Fees* |
| First $121 billion | 0.1500% |
| Over $121 billion, up to and including $181 billion | 0.142500 |
| Over $181 billion, up to and including $231 billion | 0.135375 |
| Over $231 billion, up to and including $281 billion | 0.128606 |
| Over $281 billion | 0.122175 |

---

**Distributor:** BlackRock Investments, LLC ("BRIL"), an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

**ETF Servicing Fees:** Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units ("ETF Services"). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.

**Securities Lending:** The U.S. Securities and Exchange Commission ("SEC") has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. ("BTC"), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the "collateral investment fees"). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. BlackRock Cash Funds: Institutional may impose a discretionary liquidity fee of up to 2% on all redemptions. Discretionary liquidity fees may be imposed or terminated at any time at the discretion of the board of directors of the money market fund, or its delegate, if it is determined that such fee would be, or would not be, respectively, in the best interest of the money market fund. Additionally, BlackRock Cash Funds: Institutional will impose a mandatory liquidity fee if the money market fund's total net redemptions on a single day exceed 5% of the money market fund's net assets, unless the amount of the fee is less than 0.01% of the value of the shares redeemed. BlackRock Cash Funds: Institutional will determine the size of the mandatory liquidity fee by making a good faith estimate of certain costs the money market fund would incur if it were to sell a pro rata amount of each security in the portfolio to satisfy the amount of net redemptions on that day. There is no limit to the size of a mandatory liquidity fee. If BlackRock Cash Funds: Institutional cannot estimate the costs of selling a pro rata amount of each portfolio security in good faith and supported by data, it is required to apply a default liquidity fee of 1% on the value of shares redeemed on that day.

Securities lending income is generally equal to the total of income earned from the reinvestment of cash collateral (and excludes collateral investment fees), and any fees or other payments to and from borrowers of securities. Each Fund retains a portion of the securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across the iShares ETF Complex in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 28, 2026, the Funds paid BTC the following amounts for securities lending agent services:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts* |
| iBoxx $ High Yield Corporate Bond | &nbsp;&nbsp; $3921488 |
| iBoxx $ Investment Grade Corporate Bond | &nbsp;&nbsp; 1872515 |

---

**Trustees and Officers:** Certain trustees and/or officers of the Trust are directors and/or officers of BlackRock or its affiliates.

**Other Transactions:** Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund's underlying index.

***6. PURCHASES AND SALES***

For the year ended February 28, 2026, purchases and sales of investments, excluding short-term securities and in-kind transactions, were as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Purchases* | *Sales* |
| iBoxx $ High Yield Corporate Bond | &nbsp;&nbsp; $3864495311 | &nbsp;&nbsp;&nbsp; $3695241469 |
| iBoxx $ Investment Grade Corporate Bond | &nbsp;&nbsp; 4847132580 | &nbsp;&nbsp;&nbsp; 4624818475 |

---

For the year ended February 28, 2026, in-kind transactions were as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *In-kind* <br>*Purchases*<br>| &nbsp;&nbsp; *In-kind* <br>*Sales*<br>|
| iBoxx $ High Yield Corporate Bond | &nbsp;&nbsp; $34155370756 | &nbsp;&nbsp;&nbsp; $33030337773 |
| iBoxx $ Investment Grade Corporate Bond | &nbsp;&nbsp; 60572317062 | &nbsp;&nbsp;&nbsp; 59655607978 |

---

***7. INCOME TAX INFORMATION***

Each Fund is treated as an entity separate from the Trust's other funds for federal income tax purposes. It is each Fund's policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of February 28, 2026, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds' financial statements. Management's analysis is based on the tax laws and judicial and administrative interpretations thereof in effect as of the date of these financial statements, all of which are subject to change, possibly with retroactive effect, which may impact the Funds' NAV.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 28, 2026, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Paid-in Capital* | &nbsp;&nbsp; *Accumulated* <br>*Earnings (Loss)*<br>|
| iBoxx $ High Yield Corporate Bond | &nbsp;&nbsp; $125267971 | &nbsp;&nbsp;&nbsp; $(125267971) |
| iBoxx $ Investment Grade Corporate Bond | &nbsp;&nbsp; (81677745) | &nbsp;&nbsp;&nbsp; 81677745 |

---

The tax character of distributions paid was as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Year Ended* <br>*02/28/26*<br>| &nbsp;&nbsp; *Year Ended* <br>*02/28/25*<br>|
| iBoxx $ High Yield Corporate Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $1010010897 | &nbsp;&nbsp;&nbsp; $957253452 |

---

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Year Ended*<br> *02/28/26*<br>| &nbsp;&nbsp; *Year Ended*<br> *02/28/25*<br>|
| iBoxx $ Investment Grade Corporate Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $1357340480 | &nbsp;&nbsp;&nbsp; $1352653165 |

---

As of February 28, 2026, the tax components of accumulated earnings (loss) were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Undistributed* <br>*Ordinary Income*<br>| &nbsp;&nbsp; *Non-expiring* <br>*Capital Loss* <br>*Carryforwards*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Net Unrealized* <br>*Gains (Losses)*<sup>(b)</sup> <br>| *Total* |
| iBoxx $ High Yield Corporate Bond | &nbsp;&nbsp; $85894594 | &nbsp;&nbsp;&nbsp; $(2134493277) | &nbsp;&nbsp;&nbsp; $(564338021) | &nbsp;&nbsp;&nbsp; $(2612936704) |
| iBoxx $ Investment Grade Corporate Bond | &nbsp;&nbsp; 113933384 | &nbsp;&nbsp;&nbsp; (2738973908) | &nbsp;&nbsp;&nbsp; (1998912730) | &nbsp;&nbsp;&nbsp; (4623953254) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Amounts available to offset future realized capital gains.

<sup>(b)</sup> The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities and the accrual of income on securities in default. 

As of February 28, 2026, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Tax Cost* | &nbsp;&nbsp; *Gross Unrealized* <br>*Appreciation*<br>| &nbsp;&nbsp; *Gross Unrealized* <br>*Depreciation*<br>| &nbsp;&nbsp; *Net Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| iBoxx $ High Yield Corporate Bond | &nbsp;&nbsp; $19648647484 | &nbsp;&nbsp;&nbsp; $121851944 | &nbsp;&nbsp;&nbsp; $(686190872) | &nbsp;&nbsp;&nbsp; $(564338928) |
| iBoxx $ Investment Grade Corporate Bond | &nbsp;&nbsp; 36353329789 | &nbsp;&nbsp;&nbsp; 101922697 | &nbsp;&nbsp;&nbsp; (2100835427) | &nbsp;&nbsp;&nbsp; (1998912730) |

---

***8. PRINCIPAL RISKS***

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject each Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund's prospectus provides details of the risks to which the Fund is subject.

BFA uses an indexing approach to try to achieve each Fund's investment objective. The Funds are not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to mandatory and discretionary liquidity fees under certain circumstances.

**Market Risk:** Each Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force each Fund to reinvest in lower yielding securities. Each Fund may also be exposed to reinvestment risk, which is the risk that income from each Fund's portfolio will decline if each Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below each Fund portfolio's current earnings rate.

**Valuation Risk:** The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. A Fund may invest in illiquid investments. An illiquid investment is any investment that a Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A Fund may experience difficulty in selling illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause each Fund's NAV to experience significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a Fund may lose value, regardless of the individual results of the securities and other instruments in which a Fund invests. A Fund's ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third-party service providers.

The price each Fund could receive upon the sale of any particular portfolio investment may differ from each Fund's valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an independent pricing service. Changes to significant unobservable inputs and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of observable inputs may significantly impact the resulting fair value and therefore each Fund's results of operations. As a result, the price received upon the sale of an investment may be less than the value ascribed by each Fund, and each Fund could realize a greater than expected loss or lesser than expected gain upon the sale of the investment.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

**Counterparty Credit Risk:** The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds' exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

**Geographic/Asset Class Risk:** A diversified portfolio, where this is appropriate and consistent with a fund's objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund's portfolio are disclosed in its Schedule of Investments.

The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative "debt ceiling." Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the Funds invest.

Certain Funds invest a significant portion of their assets in high yield securities. High yield securities that are rated below investment-grade (commonly referred to as "junk bonds") or are unrated may be deemed speculative, involve greater levels of risk than higher-rated securities of similar maturity and are more likely to default. High yield securities may be issued by less creditworthy issuers, and issuers of high yield securities may be unable to meet their interest or principal payment obligations. High yield securities are subject to extreme price fluctuations, may be less liquid than higher rated fixed-income securities, even under normal economic conditions, and frequently have redemption features.

The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates during a period of historically low interest rates. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility, and could negatively impact the Funds' performance.

**Significant Shareholder Redemption Risk:** Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund's NAV, increase the fund's brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

***9. CAPITAL SHARE TRANSACTIONS***

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof ("Creation Units") at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

Transactions in capital shares were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Year Ended <br>02/28/26 | Year Ended <br>02/28/26 | Year Ended <br>02/28/25 | Year Ended <br>02/28/25 |
| *iShares ETF* | *Shares* | *Amount* | *Shares* | *Amount* |
| iBoxx $ High Yield Corporate Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 439500000 | &nbsp;&nbsp;&nbsp; $35032189560 | &nbsp;&nbsp;&nbsp; 500800000 | &nbsp;&nbsp;&nbsp; $39166236388 |
| Shares redeemed | &nbsp;&nbsp; (423600000)<br>| &nbsp;&nbsp;&nbsp; (33731565234)<br>| &nbsp;&nbsp;&nbsp; (517200000)<br>| &nbsp;&nbsp;&nbsp; (40426747793)<br>|
|  | &nbsp;&nbsp; 15900000 | &nbsp;&nbsp;&nbsp; $1300624326 | &nbsp;&nbsp;&nbsp; (16400000)<br>| &nbsp;&nbsp;&nbsp; $(1260511405)<br>|
| iBoxx $ Investment Grade Corporate Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 564700000 | &nbsp;&nbsp;&nbsp; $61963984991 | &nbsp;&nbsp;&nbsp; 598900000 | &nbsp;&nbsp;&nbsp; $65121509242 |
| Shares redeemed | &nbsp;&nbsp; (556100000)<br>| &nbsp;&nbsp;&nbsp; (60875819141)<br>| &nbsp;&nbsp;&nbsp; (625700000)<br>| &nbsp;&nbsp;&nbsp; (68066382957)<br>|
|  | &nbsp;&nbsp; 8600000 | &nbsp;&nbsp;&nbsp; $1088165850 | &nbsp;&nbsp;&nbsp; (26800000)<br>| &nbsp;&nbsp;&nbsp; $(2944873715)<br>|

---

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to BRIL, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

To the extent applicable, to facilitate the timely settlement of orders for the Funds using a clearing facility outside of the continuous net settlement process, the Funds, at their sole discretion, may permit an Authorized Participant to post cash as collateral in anticipation of the delivery of all or a portion of the applicable Deposit Securities or Fund Securities, as further described in the applicable Authorized Participant Agreement. The collateral process is subject to a Control Agreement among the Authorized Participant, each Funds' custodian, and the Funds. In the event that the Authorized Participant fails to deliver all or a portion of the applicable Deposit Securities or Fund Securities, the Funds may exercise control over such collateral pursuant to the terms of the Control Agreement in order to purchase the applicable Deposit Securities or Fund Securities.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

***10. SUBSEQUENT EVENTS***

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

Notes to Financial Statements

------

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

iShares Trust and Shareholders of each of the two funds listed in the table below

***Opinions on the Financial Statements***

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (two of the funds constituting iShares Trust, hereafter collectively referred to as the "Funds") as of February 28, 2026, the related statements of operations for the year ended February 28, 2026, the statements of changes in net assets for each of the two years in the period ended February 28, 2026, including the related notes, and the financial highlights for each of the five years in the period ended February 28, 2026 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds listed in the table below as of February 28, 2026, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 28, 2026 and each of the financial highlights for each of the five years in the period ended February 28, 2026 in conformity with accounting principles generally accepted in the United States of America.

---

| |
|:---|
| iShares iBoxx $ High Yield Corporate Bond ETF |
| iShares iBoxx $ Investment Grade Corporate Bond ETF |

---

***Basis for Opinions***

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 21, 2026

We have served as the auditor of one or more BlackRock investment companies since 2000.

2026 iShares Annual Financial Statements and Additional Information

------

Important Tax Information (unaudited)

The Funds hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Federal Obligation* <br>*Interest*<br>|
| iBoxx $ High Yield Corporate Bond | &nbsp;&nbsp; $1244402 |
| iBoxx $ Investment Grade Corporate Bond | &nbsp;&nbsp; 5524171 |

---

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest Dividends* |
| iBoxx $ High Yield Corporate Bond | &nbsp;&nbsp; $1004380283 |
| iBoxx $ Investment Grade Corporate Bond | &nbsp;&nbsp; 1346727387 |

---

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest-Related* <br>*Dividends*<br>|
| iBoxx $ High Yield Corporate Bond | &nbsp;&nbsp; $847105696 |
| iBoxx $ Investment Grade Corporate Bond | &nbsp;&nbsp; 1167751421 |

---

Important Tax Information

------

Additional Information

**Premium/Discount Information**

Information on the Fund's net asset value, market price, premiums and discounts, and bid-ask spreads can be found at **iShares.com**.

**Regulation under the Alternative Investment Fund Managers Directive**

The Alternative Investment Fund Managers Directive, and its United Kingdom ("UK") equivalent, (the "AIFMD") impose detailed and prescriptive obligations on fund managers established in the European Union (the "EU") and the UK. These do not currently apply to managers established outside of the EU or UK, such as BFA (the "Company"). However, the Company is required to comply with certain disclosure, reporting and transparency obligations of the AIFMD because it has registered the iShares iBoxx $ High Yield Corporate Bond ETF and iShares iBoxx $ Investment Grade Corporate Bond ETF (the "Funds") to be marketed to investors in the EU and/or UK.

**Report on Remuneration**

BlackRock has a clear and well-defined pay-for-performance philosophy, and compensation programs which support that philosophy.

BlackRock operates a total compensation model for remuneration which includes a base salary, which is contractual, and a discretionary bonus scheme. Although all employees are eligible to receive a discretionary bonus, there is no contractual obligation to make a discretionary bonus award to any employees. For senior management and staff who have the ability to materially affect the risk profile of the Funds, a significant percentage of variable remuneration is deferred over time. All employees are subject to a clawback policy.

Remuneration decisions for employees are made once annually in January following the end of the performance year, based on BlackRock's full-year financial results and other non-financial goals and objectives. Alongside financial performance, individual total compensation is also based on strategic and operating results and other considerations such as management and leadership capabilities. No set formulas are established and no fixed benchmarks are used in determining annual incentive awards.

Annual incentive awards are paid from a bonus pool which is reviewed throughout the year by BlackRock's independent compensation committee, taking into account both actual and projected financial information together with information provided by the Enterprise Risk and Regulatory Compliance departments in relation to any activities, incidents or events that warrant consideration in making compensation decisions. Individuals are not involved in setting their own remuneration.

Each of the control functions (Enterprise Risk, Legal & Compliance, Finance, Human Resources and Internal Audit) each have their own organizational structures which are independent of the business units and therefore staff members in control functions are remunerated independently of the businesses they oversee. Functional bonus pools for those control functions are determined with reference to the performance of each individual function and the remuneration of the senior members of control functions is directly overseen by BlackRock's independent remuneration committee.

The Company is required under the AIFMD to make quantitative disclosures of remuneration. These disclosures are made in line with BlackRock's interpretation of currently available regulatory guidance on quantitative remuneration disclosures. As market or regulatory practice develops BlackRock may consider it appropriate to make changes to the way in which quantitative remuneration disclosures are calculated. Where such changes are made, this may result in disclosures in relation to a fund not being comparable to the disclosures made in the prior year, or in relation to other BlackRock fund disclosures in that same year.

Remuneration information at an individual Fund level is not readily available. Disclosures are provided in relation to (a) the staff of the Company; (b) staff who are senior management; (c) staff who have the ability to materially affect the risk profile of the Funds; and (d) staff of companies to which portfolio management and risk management has been formally delegated.

All individuals included in the aggregated figures disclosed are rewarded in line with BlackRock's remuneration policy for their responsibilities across the relevant BlackRock business area. As all individuals have a number of areas of responsibilities, only the portion of remuneration for those individuals' services attributable to the Funds is included in the aggregate figures disclosed.

Members of staff and senior management of the Company typically provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the Company and across the broader BlackRock group. Conversely, members of staff and senior management of the broader BlackRock group may provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the broader BlackRock group and of the Company. Therefore, the figures disclosed are a sum of individuals' portion of remuneration attributable to the Company according to an objective apportionment methodology which acknowledges the multiple-service nature of the Company and the broader BlackRock group. Accordingly, the figures are not representative of any individual's actual remuneration or their remuneration structure.

The amount of the total remuneration awarded to the Company's staff in respect of the Company's financial year ending December 31, 2025, was USD 10.34 million. This figure is comprised of fixed remuneration of USD 0.64 million and variable remuneration of USD 9.70 million. There was a total of 5 beneficiaries of the remuneration described above.

The amount of the aggregate remuneration awarded by the Company in respect of the Company's financial year ending December 31, 2025, to its senior management was USD 9.17 million, and to other members of its staff whose actions potentially have a material impact on the risk profile of the Company, or its funds was USD 1.17 million.

2026 iShares Annual Financial Statements and Additional Information

------

Additional Information (continued)

**Disclosures Under the EU Sustainable Finance Disclosure Regulation** 

The iShares iBoxx $ High Yield Corporate Bond ETF and iShares iBoxx $ Investment Grade Corporate Bond ETF (the "Funds") are registered under the Alternative Investment Fund Managers Directive to be marketed to European Union ("EU") investors, as noted above. As a result, certain disclosures are required under the EU Sustainable Finance Disclosure Regulation ("SFDR").

Each Fund has not been categorized under the SFDR as an "Article 8" or "Article 9" product. In addition, each Fund's investment strategy does not take into account the criteria for environmentally sustainable economic activities under the EU sustainable investment taxonomy regulation or principal adverse impacts ("PAIs") on sustainability factors under the SFDR. PAIs are identified under the SFDR as the material impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, and anti-corruption and anti-bribery matters.

**Electronic Delivery**

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at **iShares.com**. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

To enroll in electronic delivery:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Go to **icsdelivery.com**.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

**Changes in and Disagreements with Accountants** 

Not applicable.

**Proxy Results**

Not applicable.

**Remuneration Paid to Trustees, Officers, and Others** 

Because BFA has agreed in the Investment Advisory Agreements to cover all operating expenses of the Funds, subject to certain exclusions as provided for therein, BFA pays the compensation to each Independent Trustee for services to the Funds from BFA's investment advisory fees.

**Availability of Portfolio Holdings Information**

A description of the Company's policies and procedures with respect to the disclosure of the Fund's portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets, when available, at **iShares.com**.

Additional Information

------

Glossary of Terms Used in these Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury |
| DIP | Debtor-In-Possession |
| NVS | Non-Voting Shares |
| PIK | Payment-in-kind |
| RB | Revenue Bonds |
| SOFR | Secured Overnight Financing Rate |

---

2026 iShares Annual Financial Statements and Additional Information

------

Want to know more?

**iShares.com** \| 1-800-474-2737

**This report is intended for the Funds' shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.**

**Investing involves risk, including possible loss of principal.**

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Markit Indices Limited, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. All rights reserved. **iSHARES** and **BLACKROCK** are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

![](g147625imgd8a942ab2.gif)

![](g147625imgff06c46c3.gif)

------

February 28, 2026

![](g147625imgc8dffd651.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; 2026 Annual Financial Statements <br> and Additional Information <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **iShares Trust** |
| • iShares Core U.S. Aggregate Bond ETF \| AGG \| NYSE Arca |
| • iShares Total USD Fixed Income Market ETF \| BTOT \| NYSE Arca |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Page |
| [Schedules of Investments](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_SOIs-Footer-iSharesReport_1)  | &nbsp;&nbsp; 3 |
| [Statements of Assets and Liabilities](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_FS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 128 |
| [Statements of Operations](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_FS-Footer-iSharesReport_2)  | &nbsp;&nbsp; 129 |
| [Statements of Changes in Net Assets](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_FS-Footer-iSharesReport_3)  | &nbsp;&nbsp; 130 |
| [Financial Highlights](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_FS-Footer-iSharesReport_4)  | &nbsp;&nbsp; 131 |
| [Notes to Financial Statements](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_NTFS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 133 |
| [Report of Independent Registered Public Accounting Firm](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_opinion-Footer-iSharesReport_1)  | &nbsp;&nbsp; 142 |
| [Important Tax Information](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_Tax-annual-Footer-iSharesReport_1)  | &nbsp;&nbsp; 143 |
| [Additional Information](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_SAI-Footer-iSharesReport-102_1)  | &nbsp;&nbsp; 144 |
| [Board Review and Approval of Investment Advisory Contract](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_15Cheader-Footer-iSharesReport_1)  | &nbsp;&nbsp; 146 |
| [Glossary of Terms Used in these Financial Statements](#xx_0d2597b0-6bad-460d-a358-e5e10bbbbb52_Abbreviations-Footer-iSharesReport_1)  | &nbsp;&nbsp; 148 |

---

------

Schedule of Investments

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| Ally Auto Receivables Trust 2025-1, 3.96%, <br> 03/15/30<br>| &nbsp;&nbsp; $5500 | $5524036 |
| American Express Credit Account Master Trust |  |  |
| 5.15%, 09/16/30 | &nbsp;&nbsp; 9000 | 9332112 |
| 4.65%, 07/15/29 | &nbsp;&nbsp; 5560 | 5633463 |
| 4.56%, 12/17/29 | &nbsp;&nbsp; 5000 | 5079416 |
| 4.51%, 04/15/32 | &nbsp;&nbsp; 5000 | 5145612 |
| 4.28%, 04/15/30 | &nbsp;&nbsp; 1000 | 1013579 |
| 4.30%, 07/15/30 | &nbsp;&nbsp; 10462 | 10620698 |
| BA Credit Card Trust, 4.98%, 11/15/28 | &nbsp;&nbsp; 29311 | 29557893 |
| Barclays Dryrock Issuance Trust, 3.97%, <br> 07/15/31<br>| &nbsp;&nbsp; 2000 | 2013413 |
| BMW Vehicle Lease Trust |  |  |
| 4.43%, 06/26/28 | &nbsp;&nbsp; 5000 | 5041023 |
| 4.49%, 10/25/28 | &nbsp;&nbsp; 2000 | 2023991 |
| BMW Vehicle Owner Trust |  |  |
| 4.56%, 09/25/29 | &nbsp;&nbsp; 3800 | 3833535 |
| 4.66%, 12/27/32 | &nbsp;&nbsp; 1250 | 1275499 |
| Capital One Multi-Asset Execution Trust |  |  |
| 3.92%, 09/15/29 | &nbsp;&nbsp; 15000 | 15053592 |
| 4.65%, 10/15/37 | &nbsp;&nbsp; 7780 | 7926107 |
| Class A2, 1.39%, 07/15/30 | &nbsp;&nbsp; 11000 | 10421106 |
| Capital One Prime Auto Receivables Trust, <br> 4.62%, 07/16/29<br>| &nbsp;&nbsp; 4200 | 4236088 |
| Carmax Auto Owner Trust, 4.35%, 07/15/30 | &nbsp;&nbsp; 12000 | 12110931 |
| CarMax Auto Owner Trust |  |  |
| 6.00%, 07/17/28 | &nbsp;&nbsp; 3866 | 3910502 |
| 4.64%, 04/15/30 | &nbsp;&nbsp; 2560 | 2606334 |
| 4.84%, 01/15/30 | &nbsp;&nbsp; 2260 | 2293015 |
| 4.48%, 03/15/30 | &nbsp;&nbsp; 2400 | 2427637 |
| 4.96%, 11/15/30 | &nbsp;&nbsp; 1000 | 1024886 |
| 4.94%, 08/15/29 | &nbsp;&nbsp; 1000 | 1018033 |
| 4.47%, 01/15/31 | &nbsp;&nbsp; 1500 | 1526376 |
| 4.04%, 03/17/31 | &nbsp;&nbsp; 3800 | 3831495 |
| CarMax Select Receivables Trust |  |  |
| 4.83%, 06/16/31 | &nbsp;&nbsp; 500 | 508078 |
| 4.43%, 05/17/32 | &nbsp;&nbsp; 1200 | 1204556 |
| Carvana Auto Receivables Trust |  |  |
| 4.26%, 10/10/29 | &nbsp;&nbsp; 2032 | 2036153 |
| 4.55%, 08/12/30 | &nbsp;&nbsp; 1000 | 1008096 |
| 4.24%, 08/11/31 | &nbsp;&nbsp; 2000 | 2024105 |
| 4.48%, 10/10/31 | &nbsp;&nbsp; 1500 | 1519869 |
| 4.04%, 11/11/30 | &nbsp;&nbsp; 1500 | 1504341 |
| Chase Issuance Trust |  |  |
| 5.08%, 09/15/30 | &nbsp;&nbsp; 2885 | 2986545 |
| 4.63%, 01/15/31 | &nbsp;&nbsp; 10035 | 10310195 |
| Citibank Credit Card Issuance Trust |  |  |
| 3.96%, 10/13/30 | &nbsp;&nbsp; 2000 | 2015736 |
| 6.15%, 06/15/39 | &nbsp;&nbsp; 3000 | 3415272 |
| 4.30%, 06/21/30 | &nbsp;&nbsp; 4000 | 4057147 |
| 4.49%, 06/21/32 | &nbsp;&nbsp; 4250 | 4361227 |
| CNH Equipment Trust |  |  |
| 5.19%, 09/17/29 | &nbsp;&nbsp; 5170 | 5241329 |
| 4.03%, 01/15/30 | &nbsp;&nbsp; 10000 | 10030155 |
| 5.23%, 11/17/31 | &nbsp;&nbsp; 2000 | 2070685 |
| 4.30%, 10/15/30 | &nbsp;&nbsp; 2500 | 2530376 |
| Drive Auto Receivables Trust |  |  |
| 4.67%, 05/17/32 | &nbsp;&nbsp; 890 | 896489 |
| 4.94%, 05/17/32 | &nbsp;&nbsp; 2000 | 2014288 |
| 5.41%, 09/15/32 | &nbsp;&nbsp; 2800 | 2852205 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Exeter Automobile Receivables Trust |  |  |
| 5.92%, 02/15/30 | &nbsp;&nbsp; $5000 | $5116111 |
| 5.06%, 02/18/31 | &nbsp;&nbsp; 1900 | 1921203 |
| 5.57%, 10/15/31 | &nbsp;&nbsp; 1500 | 1540380 |
| 4.39%, 09/17/29 | &nbsp;&nbsp; 780 | 784218 |
| 4.57%, 06/16/31 | &nbsp;&nbsp; 2800 | 2826910 |
| 4.24%, 11/15/29 | &nbsp;&nbsp; 500 | 501972 |
| 4.68%, 03/15/32 | &nbsp;&nbsp; 700 | 708947 |
| 5.16%, 03/15/32 | &nbsp;&nbsp; 3750 | 3808794 |
| First National Master Note Trust, 4.85%, <br> 02/15/30<br>| &nbsp;&nbsp; 5000 | 5101362 |
| Ford Credit Auto Lease Trust |  |  |
| 5.29%, 06/15/27 | &nbsp;&nbsp; 4640 | 4659791 |
| 4.23%, 12/15/28 | &nbsp;&nbsp; 5000 | 5032201 |
| 4.30%, 08/15/29 | &nbsp;&nbsp; 1250 | 1259422 |
| Ford Credit Auto Owner Trust |  |  |
| 4.88%, 09/15/30 | &nbsp;&nbsp; 2000 | 2047017 |
| 4.45%, 10/15/29 | &nbsp;&nbsp; 4250 | 4296507 |
| 5.26%, 11/15/29 | &nbsp;&nbsp; 1480 | 1513731 |
| Ford Credit Floorplan Master Owner Trust A |  |  |
| 4.06%, 11/15/30 | &nbsp;&nbsp; 2000 | 2016428 |
| 4.63%, 04/15/30 | &nbsp;&nbsp; 5100 | 5180955 |
| 4.06%, 09/15/30 | &nbsp;&nbsp; 3750 | 3780255 |
| GM Financial Automobile Leasing Trust |  |  |
| 4.17%, 08/21/28 | &nbsp;&nbsp; 1000 | 1005551 |
| 4.41%, 08/20/29 | &nbsp;&nbsp; 1000 | 1007217 |
| GM Financial Consumer Automobile <br> Receivables Trust<br>|  |  |
| 4.59%, 07/17/28 | &nbsp;&nbsp; 3500 | 3519019 |
| 5.71%, 02/16/29 | &nbsp;&nbsp; 9710 | 9940670 |
| 4.40%, 08/16/29 | &nbsp;&nbsp; 2500 | 2513250 |
| 4.44%, 04/16/30 | &nbsp;&nbsp; 1000 | 1012661 |
| 4.62%, 12/17/29 | &nbsp;&nbsp; 2500 | 2523651 |
| 4.73%, 08/16/30 | &nbsp;&nbsp; 1780 | 1816484 |
| 4.28%, 04/16/30 | &nbsp;&nbsp; 3034 | 3056440 |
| 4.18%, 08/16/30 | &nbsp;&nbsp; 5000 | 5044784 |
| 4.30%, 09/16/31 | &nbsp;&nbsp; 1500 | 1524660 |
| 3.84%, 02/18/31 | &nbsp;&nbsp; 2350 | 2359536 |
| 3.97%, 06/16/32 | &nbsp;&nbsp; 2625 | 2645899 |
| Harley-Davidson Motorcycle Trust, 4.67%, <br> 04/15/30<br>| &nbsp;&nbsp; 2000 | 2026132 |
| Honda Auto Receivables Owner Trust |  |  |
| 4.15%, 10/15/29 | &nbsp;&nbsp; 2600 | 2615944 |
| 4.04%, 02/21/30 | &nbsp;&nbsp; 1750 | 1760268 |
| 3.98%, 06/17/30 | &nbsp;&nbsp; 3000 | 3020527 |
| 4.05%, 02/17/32 | &nbsp;&nbsp; 9750 | 9834812 |
| 3.78%, 09/23/30 | &nbsp;&nbsp; 6300 | 6314630 |
| Hyundai Auto Receivables Trust |  |  |
| 4.32%, 10/15/29 | &nbsp;&nbsp; 5300 | 5338006 |
| 4.40%, 04/15/31 | &nbsp;&nbsp; 1100 | 1115387 |
| 4.36%, 12/17/29 | &nbsp;&nbsp; 3300 | 3336091 |
| 4.44%, 06/17/30 | &nbsp;&nbsp; 1300 | 1321149 |
| 4.31%, 06/15/33 | &nbsp;&nbsp; 1800 | 1810918 |
| John Deere Owner Trust |  |  |
| 4.96%, 11/15/28 | &nbsp;&nbsp; 2829 | 2851670 |
| 4.91%, 02/18/31 | &nbsp;&nbsp; 1850 | 1883660 |
| 4.06%, 06/15/29 | &nbsp;&nbsp; 2140 | 2147572 |
| 4.23%, 09/17/29 | &nbsp;&nbsp; 3900 | 3929687 |
| Mercedes-Benz Auto Lease Trust, 4.69%, <br> 02/18/31<br>| &nbsp;&nbsp; 3100 | 3156824 |
| Mercedes-Benz Auto Receivables Trust, <br> 4.78%, 12/17/29<br>| &nbsp;&nbsp; 8000 | 8085400 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Nissan Auto Lease Trust |  |  |
| 5.21%, 12/15/28 | &nbsp;&nbsp; $2000 | $2025689 |
| 4.75%, 03/15/28 | &nbsp;&nbsp; 5000 | 5056737 |
| Nissan Auto Receivables Owner Trust |  |  |
| 4.49%, 12/17/29 | &nbsp;&nbsp; 4000 | 4048897 |
| 4.57%, 11/15/30 | &nbsp;&nbsp; 500 | 511709 |
| Santander Drive Auto Receivables Trust |  |  |
| 5.09%, 05/15/30 | &nbsp;&nbsp; 13473 | 13572915 |
| 5.45%, 03/15/30 | &nbsp;&nbsp; 1670 | 1690661 |
| 5.64%, 08/15/30 | &nbsp;&nbsp; 3500 | 3570235 |
| 5.14%, 02/17/32 | &nbsp;&nbsp; 4100 | 4148713 |
| 4.87%, 05/15/31 | &nbsp;&nbsp; 1000 | 1011524 |
| 5.43%, 03/17/31 | &nbsp;&nbsp; 500 | 508609 |
| 4.49%, 09/15/31 | &nbsp;&nbsp; 2000 | 2021089 |
| 4.68%, 09/15/31 | &nbsp;&nbsp; 1500 | 1520975 |
| 4.17%, 04/15/30 | &nbsp;&nbsp; 3300 | 3316209 |
| 4.27%, 01/15/32 | &nbsp;&nbsp; 3000 | 3024413 |
| 4.95%, 01/15/32 | &nbsp;&nbsp; 2050 | 2070211 |
| 3.93%, 07/15/30 | &nbsp;&nbsp; 5800 | 5807031 |
| 4.26%, 04/15/32 | &nbsp;&nbsp; 900 | 903130 |
| Synchrony Card Funding LLC |  |  |
| 5.04%, 03/15/30 | &nbsp;&nbsp; 9330 | 9438691 |
| 4.49%, 05/15/31 | &nbsp;&nbsp; 7000 | 7102649 |
| Synchrony Card Issuance Trust, 4.06%, <br> 11/15/31<br>| &nbsp;&nbsp; 3380 | 3409019 |
| Toyota Auto Receivables Owner Trust |  |  |
| 4.40%, 06/15/29 | &nbsp;&nbsp; 4620 | 4650553 |
| 4.34%, 11/15/29 | &nbsp;&nbsp; 600 | 605846 |
| 4.49%, 06/17/30 | &nbsp;&nbsp; 600 | 612236 |
| 4.76%, 05/15/30 | &nbsp;&nbsp; 1000 | 1023874 |
| 4.11%, 03/15/30 | &nbsp;&nbsp; 3270 | 3295203 |
| 4.19%, 01/15/31 | &nbsp;&nbsp; 2500 | 2534086 |
| 3.84%, 06/17/30 | &nbsp;&nbsp; 2500 | 2509844 |
| Verizon Master Trust |  |  |
| 4.17%, 08/20/30 | &nbsp;&nbsp; 6300 | 6328947 |
| 4.62%, 11/20/30 | &nbsp;&nbsp; 7700 | 7813944 |
| 3.96%, 08/20/31 | &nbsp;&nbsp; 1800 | 1811534 |
| Volkswagen Auto Lease Trust |  |  |
| 4.50%, 06/20/28 | &nbsp;&nbsp; 2750 | 2776526 |
| 4.01%, 01/22/29 | &nbsp;&nbsp; 4700 | 4715217 |
| Volkswagen Auto Loan Enhanced Trust, <br> 5.01%, 01/22/30<br>| &nbsp;&nbsp; 6000 | 6066248 |
| World Omni Auto Receivables Trust |  |  |
| 5.09%, 12/17/29 | &nbsp;&nbsp; 2000 | 2035846 |
| 4.86%, 11/15/30 | &nbsp;&nbsp; 2000 | 2041519 |
| 4.34%, 09/16/30 | &nbsp;&nbsp; 2300 | 2322563 |
| 4.08%, 11/15/30 | &nbsp;&nbsp; 3200 | 3224184 |
| 3.86%, 05/15/31 | &nbsp;&nbsp; 5600 | 5620600 |
| **Total Asset-Backed Securities — 0.4%** <br>**(Cost: $498,244,327)** | **Total Asset-Backed Securities — 0.4%** <br>**(Cost: $498,244,327)** | 502429798 |
| **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** |
| **Mortgage-Backed Securities — 1.0%** | **Mortgage-Backed Securities — 1.0%** | **Mortgage-Backed Securities — 1.0%** |
| Bank |  |  |
| 2.29%, 06/15/64 | &nbsp;&nbsp; 7260 | 6555136 |
| 2.46%, 06/15/64 | &nbsp;&nbsp; 2000 | 1758888 |
| 3.20%, 09/15/64<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 849860 |
| 3.35%, 01/15/63<sup>(a)</sup> | &nbsp;&nbsp; 1400 | 1243726 |
| 3.39%, 03/15/64<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 911761 |
| 4.34%, 03/15/61<sup>(a)</sup> | &nbsp;&nbsp; 500 | 487565 |
| 4.34%, 05/15/61<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 993571 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.56%, 08/15/61<sup>(a)</sup> | &nbsp;&nbsp; $292 | $282050 |
| 4.79%, 02/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 919151 |
| 5.62%, 03/15/58<sup>(a)</sup> | &nbsp;&nbsp; 3175 | 3407116 |
| 5.72%, 06/15/57 | &nbsp;&nbsp; 4450 | 4799312 |
| Series 2017-BNK8, Class A3, 3.23%, <br> 11/15/50<br>| &nbsp;&nbsp; 3416 | 3374835 |
| Series 2018-BN15, Class A4, 4.41%, <br> 11/15/61<sup>(a)</sup><br>| &nbsp;&nbsp; 4500 | 4539349 |
| Series 2019-BN16, Class AS, 4.27%, <br> 02/15/52<br>| &nbsp;&nbsp; 1000 | 986965 |
| Series 2019-BN21, Class A5, 2.85%, <br> 10/17/52<br>| &nbsp;&nbsp; 13310 | 12741349 |
| Series 2020, Class A5, 2.65%, 01/15/63 | &nbsp;&nbsp; 6500 | 6112375 |
| Series 2020-BN27, Class A5, 2.14%, <br> 04/15/63<br>| &nbsp;&nbsp; 23610 | 21474534 |
| Series 2020-BN29, Class A4, 2.00%, <br> 11/15/53<br>| &nbsp;&nbsp; 5760 | 5172384 |
| Series 2021-BN34, Class A5, 2.44%, <br> 06/15/63<br>| &nbsp;&nbsp; 1000 | 900164 |
| Series 21-BN36, Class A5, 2.47%, <br> 09/15/64<br>| &nbsp;&nbsp; 8930 | 8129054 |
| BANK |  |  |
| 2.98%, 11/15/64<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 1699682 |
| 5.54%, 12/25/67 | &nbsp;&nbsp; 4000 | 4200225 |
| 5.95%, 12/25/67<sup>(a)</sup> | &nbsp;&nbsp; 500 | 501976 |
| Bank of America Merrill Lynch Commercial <br> Mortgage Trust, Series 2017-BNK33.88%, <br> 02/15/50<sup>(a)</sup><br>| &nbsp;&nbsp; 1000 | 983717 |
| Bank5 |  |  |
| 5.28%, 08/15/63 | &nbsp;&nbsp; 2250 | 2343557 |
| 5.45%, 07/15/58 | &nbsp;&nbsp; 1000 | 1047196 |
| 5.61%, 08/15/57 | &nbsp;&nbsp; 7675 | 8023572 |
| 5.64%, 10/15/57 | &nbsp;&nbsp; 2000 | 2075804 |
| 5.65%, 04/15/58 | &nbsp;&nbsp; 6000 | 6320069 |
| 5.77%, 06/15/57 | &nbsp;&nbsp; 9520 | 9969250 |
| 5.78%, 04/15/56 | &nbsp;&nbsp; 538 | 549380 |
| 5.79%, 06/15/57 | &nbsp;&nbsp; 2000 | 2087639 |
| 5.88%, 08/15/57 | &nbsp;&nbsp; 4000 | 4206426 |
| 5.89%, 11/15/57 | &nbsp;&nbsp; 5000 | 5284284 |
| 6.23%, 05/15/57 | &nbsp;&nbsp; 3000 | 3171027 |
| 6.42%, 08/15/57<sup>(a)</sup> | &nbsp;&nbsp; 650 | 674265 |
| 6.49%, 06/15/57<sup>(a)</sup> | &nbsp;&nbsp; 2950 | 3126648 |
| 6.50%, 12/15/56 | &nbsp;&nbsp; 1731 | 1823467 |
| 6.97%, 05/15/57<sup>(a)</sup> | &nbsp;&nbsp; 2580 | 2749485 |
| 6.97%, 05/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1029753 |
| 7.14%, 07/15/56<sup>(a)</sup> | &nbsp;&nbsp; 1949 | 2066419 |
| Barclays Commercial Mortgage Trust |  |  |
| Series 2019-C3, Class A4, 3.58%, 05/15/52 | &nbsp;&nbsp; 2200 | 2160834 |
| Series 2019-C4, Class A5, 2.92%, 08/15/52 | &nbsp;&nbsp; 8750 | 8414797 |
| Series 2019-C5, Class A4, 3.06%, 11/15/52 | &nbsp;&nbsp; 1000 | 965723 |
| BBCMS Mortgage Trust |  |  |
| 1.62%, 10/15/53 | &nbsp;&nbsp; 867 | 832773 |
| 2.69%, 11/15/54 | &nbsp;&nbsp; 3000 | 2732896 |
| 3.19%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 500 | 418095 |
| 4.05%, 12/15/51 | &nbsp;&nbsp; 4000 | 3990770 |
| 4.44%, 09/15/55 | &nbsp;&nbsp; 2000 | 2005963 |
| 4.60%, 06/15/55<sup>(a)</sup> | &nbsp;&nbsp; 5390 | 5418901 |
| 5.02%, 09/15/58 | &nbsp;&nbsp; 5700 | 5884312 |
| 5.12%, 09/15/57 | &nbsp;&nbsp; 2500 | 2590194 |
| 5.14%, 12/15/57 | &nbsp;&nbsp; 5400 | 5563599 |
| 5.30%, 12/15/58 | &nbsp;&nbsp; 6300 | 6628208 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.40%, 09/15/57 | &nbsp;&nbsp; $2500 | $2642939 |
| 5.45%, 09/15/55<sup>(a)</sup> | &nbsp;&nbsp; 500 | 465492 |
| 5.45%, 04/15/56 | &nbsp;&nbsp; 1000 | 1047093 |
| 5.48%, 11/15/58 | &nbsp;&nbsp; 1800 | 1872766 |
| 5.52%, 08/15/58 | &nbsp;&nbsp; 1000 | 1051579 |
| 5.53%, 11/15/57 | &nbsp;&nbsp; 1500 | 1601295 |
| 5.55%, 07/15/57 | &nbsp;&nbsp; 995 | 1030133 |
| 5.59%, 07/15/58<sup>(a)</sup> | &nbsp;&nbsp; 9500 | 10196279 |
| 5.63%, 09/15/57 | &nbsp;&nbsp; 5100 | 5291709 |
| 5.71%, 12/15/55<sup>(a)</sup> | &nbsp;&nbsp; 3160 | 3369797 |
| 5.72%, 02/15/57 | &nbsp;&nbsp; 1386 | 1439947 |
| 5.72%, 02/15/62 | &nbsp;&nbsp; 5131 | 5539325 |
| 5.81%, 02/15/59<sup>(a)</sup> | &nbsp;&nbsp; 1840 | 1874612 |
| 5.83%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1069704 |
| 5.84%, 09/15/57<sup>(a)</sup> | &nbsp;&nbsp; 3000 | 3208870 |
| 5.84%, 03/15/58 | &nbsp;&nbsp; 500 | 529140 |
| 5.84%, 08/15/58<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1050562 |
| 5.87%, 02/15/57 | &nbsp;&nbsp; 1000 | 1067086 |
| 5.89%, 09/15/57 | &nbsp;&nbsp; 1250 | 1318689 |
| 5.91%, 12/15/58<sup>(a)</sup> | &nbsp;&nbsp; 750 | 767898 |
| 5.94%, 05/15/57<sup>(a)</sup> | &nbsp;&nbsp; 2210 | 2329891 |
| 5.95%, 03/15/57 | &nbsp;&nbsp; 3000 | 3144639 |
| 5.97%, 07/15/56<sup>(a)</sup> | &nbsp;&nbsp; 500 | 534835 |
| 5.98%, 03/15/58<sup>(a)</sup> | &nbsp;&nbsp; 750 | 767442 |
| 6.00%, 09/15/56<sup>(a)</sup> | &nbsp;&nbsp; 10000 | 10899967 |
| 6.12%, 12/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1516169 |
| 6.12%, 07/15/58<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1611904 |
| 6.13%, 11/15/57 | &nbsp;&nbsp; 900 | 949900 |
| 6.15%, 03/15/57<sup>(a)</sup> | &nbsp;&nbsp; 2800 | 2913045 |
| 6.30%, 09/15/56<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1095248 |
| 6.30%, 09/15/56<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2126947 |
| 6.36%, 03/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1053388 |
| 6.54%, 05/15/58<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1066333 |
| 6.64%, 03/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1660 | 1722891 |
| 6.80%, 11/15/56<sup>(a)</sup> | &nbsp;&nbsp; 3970 | 4460706 |
| 6.81%, 05/15/58<sup>(a)</sup> | &nbsp;&nbsp; 500 | 530474 |
| 7.47%, 12/15/56<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1074039 |
| Series 2017-C1, Class A4, 3.67%, 02/15/50 | &nbsp;&nbsp; 18450 | 18358348 |
| Series 2018-C2, Class A5, 4.31%, 12/15/51 | &nbsp;&nbsp; 1520 | 1525425 |
| Series 2020-C6, Class A4, 2.64%, 02/15/53 | &nbsp;&nbsp; 10000 | 9429680 |
| Series 2020-C7, Class A5, 2.04%, 04/15/53 | &nbsp;&nbsp; 13900 | 12724164 |
| Series 2020-C8, Class A5, 2.04%, 10/15/53 | &nbsp;&nbsp; 1520 | 1383146 |
| Series 2021-C11, Class A5, 2.32%, <br> 09/15/54<br>| &nbsp;&nbsp; 3765 | 3390554 |
| Series 2022-C15, Class A5, 3.66%, <br> 04/15/55<sup>(a)</sup><br>| &nbsp;&nbsp; 3745 | 3579876 |
| BBCMS Trust |  |  |
| 2.27%, 07/15/54 | &nbsp;&nbsp; 2500 | 2384724 |
| Series 2021-C10, Class A5, 2.49%, <br> 07/15/54<br>| &nbsp;&nbsp; 13118 | 12158337 |
| Benchmark Mortgage Trust |  |  |
| 1.93%, 07/15/53 | &nbsp;&nbsp; 5000 | 4509593 |
| 2.14%, 09/15/54 | &nbsp;&nbsp; 5000 | 4519480 |
| 2.53%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 831239 |
| 3.18%, 02/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 874276 |
| 3.46%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1422240 |
| 3.61%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 350 | 310639 |
| 5.18%, 04/15/57 | &nbsp;&nbsp; 500 | 516879 |
| 5.18%, 10/15/58 | &nbsp;&nbsp; 1600 | 1666898 |
| 5.25%, 01/15/58 | &nbsp;&nbsp; 1700 | 1775299 |
| 5.33%, 02/15/58 | &nbsp;&nbsp; 6000 | 6110711 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.36%, 05/15/55 | &nbsp;&nbsp; $2000 | $2041450 |
| 5.44%, 08/15/58<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1572012 |
| 5.60%, 08/15/57 | &nbsp;&nbsp; 3700 | 3864426 |
| 5.66%, 04/15/57 | &nbsp;&nbsp; 2000 | 2107652 |
| 5.77%, 05/15/56 | &nbsp;&nbsp; 1000 | 1042417 |
| 5.86%, 08/15/58<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1050765 |
| 5.91%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2115899 |
| 6.03%, 12/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1545 | 1623491 |
| 6.06%, 01/10/57<sup>(a)</sup> | &nbsp;&nbsp; 1610 | 1662801 |
| 6.06%, 08/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1576595 |
| 6.09%, 04/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1057060 |
| 6.38%, 03/15/57 | &nbsp;&nbsp; 4460 | 4700657 |
| 6.63%, 07/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1065625 |
| 6.79%, 03/15/57 | &nbsp;&nbsp; 1500 | 1582371 |
| 6.85%, 05/15/56<sup>(a)</sup> | &nbsp;&nbsp; 500 | 532040 |
| 6.95%, 07/15/57<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2140856 |
| 6.95%, 07/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1579341 |
| Series 2018-B1, Class A5, 3.67%, <br> 01/15/51<sup>(a)</sup><br>| &nbsp;&nbsp; 3250 | 3222214 |
| Series 2018-B2, Class A5, 3.88%, <br> 02/15/51<sup>(a)</sup><br>| &nbsp;&nbsp; 10616 | 10562303 |
| Series 2018-B3, Class A5, 4.03%, 04/10/51 | &nbsp;&nbsp; 5000 | 4988222 |
| Series 2018-B5, Class A4, 4.21%, 07/15/51 | &nbsp;&nbsp; 5000 | 5005434 |
| Series 2018-B7, Class A4, 4.51%, <br> 05/15/53<sup>(a)</sup><br>| &nbsp;&nbsp; 10093 | 10171613 |
| Series 2018-B7, Class B, 4.84%, <br> 05/15/53<sup>(a)</sup><br>| &nbsp;&nbsp; 1100 | 1059958 |
| Series 2018-B8, Class A5, 4.23%, 01/15/52 | &nbsp;&nbsp; 17000 | 16932838 |
| Series 2019-B11, Class A4, 3.28%, <br> 05/15/52<br>| &nbsp;&nbsp; 19238 | 18823806 |
| Series 2019-B11, Class A5, 3.54%, <br> 05/15/52<br>| &nbsp;&nbsp; 20000 | 19572129 |
| Series 2020-B19, Class B, 2.35%, 09/15/53 | &nbsp;&nbsp; 2700 | 2123031 |
| Series 2020-B21, Class A4, 1.70%, <br> 12/17/53<br>| &nbsp;&nbsp; 7000 | 6386771 |
| Series 2020-B21, Class A5, 1.98%, <br> 12/17/53<br>| &nbsp;&nbsp; 8616 | 7778503 |
| Series 2020-B23, Class A5, 2.07%, <br> 02/15/54<br>| &nbsp;&nbsp; 25000 | 22401960 |
| Series 2021-B24, Class A4, 2.26%, <br> 03/15/54<br>| &nbsp;&nbsp; 456 | 419881 |
| Series 2021-B26, Class A5, 2.61%, <br> 06/15/54<br>| &nbsp;&nbsp; 1400 | 1283566 |
| Series 2023-B38, Class A2, 5.63%, <br> 04/15/56<br>| &nbsp;&nbsp; 10000 | 10264408 |
| BMARK, 7.46%, 11/15/56<sup>(a)</sup> | &nbsp;&nbsp; 1097 | 1175493 |
| BMO Mortgage Trust |  |  |
| 4.70%, 10/15/58 | &nbsp;&nbsp; 1000 | 1017422 |
| 4.79%, 07/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1942 | 1953130 |
| 5.15%, 12/15/57 | &nbsp;&nbsp; 1000 | 1031016 |
| 5.18%, 10/15/58 | &nbsp;&nbsp; 1500 | 1557324 |
| 5.31%, 09/15/54 | &nbsp;&nbsp; 1200 | 1252273 |
| 5.32%, 09/15/57 | &nbsp;&nbsp; 500 | 517626 |
| 5.57%, 06/15/58 | &nbsp;&nbsp; 1000 | 1067316 |
| 5.58%, 12/15/58 | &nbsp;&nbsp; 1200 | 1249537 |
| 5.63%, 12/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1100 | 1153049 |
| 5.69%, 02/15/58 | &nbsp;&nbsp; 7750 | 8336410 |
| 5.74%, 02/15/57 | &nbsp;&nbsp; 1000 | 1039832 |
| 5.74%, 12/15/57<sup>(a)</sup> | &nbsp;&nbsp; 900 | 888292 |
| 5.75%, 09/15/57<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2065184 |
| 5.76%, 07/15/57 | &nbsp;&nbsp; 2500 | 2699371 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.78%, 04/15/58<sup>(a)</sup> | &nbsp;&nbsp; $950 | $1001816 |
| 5.86%, 02/15/57 | &nbsp;&nbsp; 3730 | 3918600 |
| 5.87%, 06/15/58<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1634831 |
| 5.88%, 09/15/57<sup>(a)</sup> | &nbsp;&nbsp; 500 | 499898 |
| 5.89%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp; 3500 | 3633583 |
| 5.91%, 03/15/57<sup>(a)</sup> | &nbsp;&nbsp; 4000 | 4292619 |
| 5.93%, 02/15/59<sup>(a)(b)</sup> | &nbsp;&nbsp; 500 | 509099 |
| 5.96%, 09/15/56<sup>(a)</sup> | &nbsp;&nbsp; 30000 | 32662750 |
| 6.01%, 07/15/58 | &nbsp;&nbsp; 568 | 582363 |
| 6.09%, 09/15/57<sup>(a)</sup> | &nbsp;&nbsp; 750 | 780503 |
| 6.14%, 03/15/57<sup>(a)</sup> | &nbsp;&nbsp; 2330 | 2479626 |
| 6.16%, 10/15/58<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1050471 |
| 6.20%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp; 3500 | 3671335 |
| 6.23%, 03/15/57<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1530216 |
| 6.26%, 04/15/58<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1015636 |
| 6.29%, 02/15/57<sup>(a)</sup> | &nbsp;&nbsp; 4810 | 5040322 |
| 6.38%, 07/15/57<sup>(a)</sup> | &nbsp;&nbsp; 500 | 514307 |
| 6.49%, 05/15/58<sup>(a)</sup> | &nbsp;&nbsp; 500 | 511087 |
| 6.67%, 12/15/56<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1674087 |
| 6.86%, 02/15/57<sup>(a)</sup> | &nbsp;&nbsp; 687 | 704539 |
| 7.24%, 11/15/56<sup>(a)</sup> | &nbsp;&nbsp; 11200 | 11994864 |
| 7.24%, 11/15/56<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2130099 |
| CD Mortgage Trust |  |  |
| 3.19%, 11/13/50 | &nbsp;&nbsp; 952 | 940418 |
| 3.71%, 11/13/50<sup>(a)</sup> | &nbsp;&nbsp; 500 | 492932 |
| 3.91%, 11/13/50<sup>(a)</sup> | &nbsp;&nbsp; 995 | 958342 |
| 4.66%, 08/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1188 | 1161447 |
| CGMS Commercial Mortgage Trust, 4.10%, <br> 08/15/50<sup>(a)</sup><br>| &nbsp;&nbsp; 1000 | 970879 |
| Citigroup Commercial Mortgage Trust |  |  |
| 3.42%, 12/15/72 | &nbsp;&nbsp; 2000 | 1886668 |
| 3.74%, 03/10/51 | &nbsp;&nbsp; 1932 | 1919293 |
| 3.92%, 12/15/72<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1379839 |
| Series 2017-P7, Class A4, 3.71%, 04/14/50 | &nbsp;&nbsp; 5000 | 4967241 |
| Series 2017-P8, Class A3, 3.20%, 09/15/50 | &nbsp;&nbsp; 2000 | 1975423 |
| Series 2018-B2, Class A4, 4.01%, 03/10/51 | &nbsp;&nbsp; 20020 | 19961924 |
| Series 2019-C7, Class A4, 3.10%, 12/15/72 | &nbsp;&nbsp; 5800 | 5586347 |
| Series 2019-GC41, Class A5, 2.87%, <br> 08/10/56<br>| &nbsp;&nbsp; 9000 | 8625334 |
| Commercial Mortgage Trust, 5.29%, <br> 11/15/55<sup>(a)</sup><br>| &nbsp;&nbsp; 1000 | 1049326 |
| CSAIL Commercial Mortgage Trust |  |  |
| 2.72%, 12/15/52 | &nbsp;&nbsp; 500 | 480630 |
| 4.45%, 04/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 1761380 |
| Series 2016-C7, Class AS, 3.96%, <br> 11/15/49<sup>(a)</sup><br>| &nbsp;&nbsp; 1000 | 985394 |
| Series 2018-CX11, Class A5, 4.03%, <br> 04/15/51<sup>(a)</sup><br>| &nbsp;&nbsp; 22000 | 21958032 |
| Series 2019-C18, Class A4, 2.97%, <br> 12/15/52<br>| &nbsp;&nbsp; 10000 | 9584709 |
| Series 2020-C19, Class A3, 2.56%, <br> 03/15/53<br>| &nbsp;&nbsp; 2000 | 1840999 |
| DBJPM Mortgage Trust, 3.56%, 06/10/50<sup>(a)</sup> | &nbsp;&nbsp; 5500 | 5359833 |
| Federal Home Loan Mortgage Corp. |  |  |
| 4.33%, 06/25/30<sup>(a)</sup> | &nbsp;&nbsp; 18500 | 18874608 |
| 4.40%, 06/25/35<sup>(a)</sup> | &nbsp;&nbsp; 3000 | 3043135 |
| 4.53%, 10/25/35<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2046516 |
| 4.58%, 10/25/34<sup>(a)</sup> | &nbsp;&nbsp; 10000 | 10297434 |
| 4.58%, 08/25/35<sup>(a)</sup> | &nbsp;&nbsp; 2700 | 2774815 |
| 4.60%, 09/25/35<sup>(a)</sup> | &nbsp;&nbsp; 5000 | 5144147 |
| 4.94%, 11/25/30<sup>(a)</sup> | &nbsp;&nbsp; 4000 | 4183333 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 02/25/35<sup>(a)</sup> | &nbsp;&nbsp; $3000 | $3178187 |
| 5.15%, 12/25/33<sup>(a)</sup> | &nbsp;&nbsp; 1875 | 2004041 |
| Federal Home Loan Mortgage Corp. <br> Multifamily Structured <br> Pass-Through Certificates<br>|  |  |
| 2.26%, 01/25/29<sup>(a)</sup> | &nbsp;&nbsp; 10000 | 9615434 |
| 2.36%, 10/25/36 | &nbsp;&nbsp; 2500 | 2084523 |
| 3.00%, 09/25/29 | &nbsp;&nbsp; 20868 | 20417555 |
| 3.53%, 08/25/32 | &nbsp;&nbsp; 5000 | 4876744 |
| 3.53%, 09/25/32 | &nbsp;&nbsp; 1000 | 970883 |
| 3.78%, 01/25/32 | &nbsp;&nbsp; 3088 | 3091472 |
| 3.78%, 11/25/32<sup>(a)</sup> | &nbsp;&nbsp; 17795 | 17581843 |
| 3.80%, 03/25/32 | &nbsp;&nbsp; 1906 | 1906798 |
| 3.80%, 10/25/32<sup>(a)</sup> | &nbsp;&nbsp; 2500 | 2471556 |
| 3.82%, 12/25/32<sup>(a)</sup> | &nbsp;&nbsp; 21500 | 21273064 |
| 4.05%, 07/25/33 | &nbsp;&nbsp; 35000 | 35005414 |
| 4.20%, 05/25/33 | &nbsp;&nbsp; 29998 | 30296122 |
| 4.25%, 04/25/33 | &nbsp;&nbsp; 40000 | 40529828 |
| 4.27%, 07/25/30<sup>(a)</sup> | &nbsp;&nbsp; 13200 | 13437721 |
| 4.28%, 07/25/30 | &nbsp;&nbsp; 10500 | 10697752 |
| 4.29%, 07/25/30<sup>(a)</sup> | &nbsp;&nbsp; 6500 | 6625870 |
| 4.35%, 02/25/30<sup>(a)</sup> | &nbsp;&nbsp; 14300 | 14589964 |
| 4.35%, 01/25/33<sup>(a)</sup> | &nbsp;&nbsp; 13140 | 13400856 |
| 4.46%, 08/25/31 | &nbsp;&nbsp; 5000 | 5136263 |
| 4.50%, 07/25/33<sup>(a)</sup> | &nbsp;&nbsp; 5000 | 5140074 |
| 4.51%, 07/25/29 | &nbsp;&nbsp; 5700 | 5834819 |
| 4.51%, 02/25/30<sup>(a)</sup> | &nbsp;&nbsp; 2460 | 2523988 |
| 4.57%, 12/25/28 | &nbsp;&nbsp; 3253 | 3315589 |
| 4.74%, 08/25/28<sup>(a)</sup> | &nbsp;&nbsp; 15000 | 15314353 |
| 4.76%, 10/25/34 | &nbsp;&nbsp; 5000 | 5215463 |
| 4.80%, 09/25/28<sup>(a)</sup> | &nbsp;&nbsp; 3920 | 4008385 |
| 4.85%, 09/25/28 | &nbsp;&nbsp; 5000 | 5122105 |
| 5.20%, 02/25/31 | &nbsp;&nbsp; 5560 | 5889452 |
| 5.36%, 01/25/29<sup>(a)</sup> | &nbsp;&nbsp; 14300 | 14893088 |
| 5.40%, 01/25/29 | &nbsp;&nbsp; 15000 | 15634190 |
| 5.40%, 01/25/29 | &nbsp;&nbsp; 8000 | 8326273 |
| Federal National Mortgage Association-ACES |  |  |
| 1.27%, 07/25/30 | &nbsp;&nbsp; 10000 | 9028109 |
| 1.81%, 10/25/31<sup>(a)</sup> | &nbsp;&nbsp; 3000 | 2710552 |
| 1.92%, 01/25/32<sup>(a)</sup> | &nbsp;&nbsp; 1522 | 1372404 |
| 2.40%, 11/25/31 | &nbsp;&nbsp; 5000 | 4637216 |
| 2.59%, 06/25/32<sup>(a)</sup> | &nbsp;&nbsp; 1048 | 972600 |
| 4.18%, 07/25/28<sup>(a)</sup> | &nbsp;&nbsp; 18332 | 18504469 |
| Series 2017, Class A2, 2.97%, 09/25/27<sup>(a)</sup> | &nbsp;&nbsp; 1504 | 1488276 |
| Series 2020-M20, Class A2, 1.44%, <br> 10/25/29<br>| &nbsp;&nbsp; 2000 | 1848734 |
| FIVE Mortgage Trust, 5.67%, 02/10/56<sup>(a)</sup> | &nbsp;&nbsp; 475 | 487357 |
| Freddie Mac Multifamily Structured Pass <br> Through Certificates<br>|  |  |
| 1.34%, 06/25/30 | &nbsp;&nbsp; 2500 | 2270846 |
| 4.07%, 12/25/30<sup>(a)</sup> | &nbsp;&nbsp; 25000 | 25253164 |
| 4.39%, 12/25/35<sup>(a)</sup> | &nbsp;&nbsp; 5000 | 5055184 |
| 4.49%, 09/25/34 | &nbsp;&nbsp; 1225 | 1254325 |
| 4.54%, 07/25/29<sup>(a)</sup> | &nbsp;&nbsp; 4042 | 4141682 |
| 4.66%, 12/25/34<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1035562 |
| 5.07%, 10/25/28<sup>(a)</sup> | &nbsp;&nbsp; 1525 | 1570449 |
| GS Mortgage Securities Trust |  |  |
| 2.12%, 05/12/53 | &nbsp;&nbsp; 2745 | 2590315 |
| 2.38%, 05/12/53 | &nbsp;&nbsp; 3265 | 3046917 |
| 2.91%, 02/13/53 | &nbsp;&nbsp; 1000 | 955910 |
| 3.45%, 05/12/53<sup>(a)</sup> | &nbsp;&nbsp; 1840 | 1653936 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.70%, 02/10/52 | &nbsp;&nbsp; $1000 | $989773 |
| 4.38%, 07/10/51<sup>(a)</sup> | &nbsp;&nbsp; 2433 | 2400244 |
| Series 2017-GS7, Class A3, 3.17%, <br> 08/10/50<br>| &nbsp;&nbsp; 13000 | 12838571 |
| Series 2018-GS10, Class A5, 4.16%, <br> 07/10/51<sup>(a)</sup><br>| &nbsp;&nbsp; 3000 | 2998978 |
| Series 2018-GS9, Class A4, 3.99%, <br> 03/10/51<sup>(a)</sup><br>| &nbsp;&nbsp; 3000 | 2991941 |
| Series 2019-GC38, Class A4, 3.97%, <br> 02/10/52<br>| &nbsp;&nbsp; 2500 | 2488192 |
| JPMCC Commercial Mortgage Securities Trust |  |  |
| 3.12%, 06/13/52 | &nbsp;&nbsp; 2000 | 1955329 |
| 4.03%, 03/10/52 | &nbsp;&nbsp; 3500 | 3399400 |
| Morgan Stanley BAML Trust, 5.64%, 03/15/58 | &nbsp;&nbsp; 400 | 420938 |
| Morgan Stanley Bank of America Merrill <br> Lynch Trust<br>|  |  |
| 5.11%, 11/15/58 | &nbsp;&nbsp; 375 | 388707 |
| 5.63%, 08/15/58 | &nbsp;&nbsp; 255 | 274112 |
| Morgan Stanley Capital I, 4.31%, 12/15/50<sup>(a)</sup> | &nbsp;&nbsp; 796 | 772164 |
| Morgan Stanley Capital I Trust |  |  |
| 2.32%, 10/15/54 | &nbsp;&nbsp; 1750 | 1587212 |
| 2.70%, 07/15/53 | &nbsp;&nbsp; 200 | 173057 |
| 2.73%, 05/15/54 | &nbsp;&nbsp; 1275 | 1179937 |
| 2.75%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 1780461 |
| 2.88%, 02/15/53 | &nbsp;&nbsp; 1264 | 1169292 |
| 3.44%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 850732 |
| 3.54%, 02/15/53<sup>(a)</sup> | &nbsp;&nbsp; 500 | 454863 |
| 3.65%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp; 500 | 461705 |
| 3.65%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 888383 |
| 4.86%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 953713 |
| Series 2017-H1, Class A5, 3.53%, 06/15/50 | &nbsp;&nbsp; 12000 | 11893043 |
| Series 2018, Class A3, 4.14%, 10/15/51 | &nbsp;&nbsp; 18395 | 18383257 |
| Series 2018-H3, Class A4, 3.91%, 07/15/51 | &nbsp;&nbsp; 440 | 438293 |
| Series 2018-H3, Class A5, 4.18%, 07/15/51 | &nbsp;&nbsp; 2538 | 2542794 |
| Series 2019-H6, Class A4, 3.42%, 06/15/52 | &nbsp;&nbsp; 6570 | 6425655 |
| Series 2020-L4, Class A3, 2.70%, 02/15/53 | &nbsp;&nbsp; 20000 | 18894912 |
| Series 2021-L7, Class A5, 2.57%, 10/15/54 | &nbsp;&nbsp; 10430 | 9501012 |
| MSWF Commercial Mortgage Trust, 6.01%, <br> 12/15/56<sup>(a)</sup><br>| &nbsp;&nbsp; 1486 | 1624036 |
| UBS Commercial Mortgage Trust |  |  |
| 3.17%, 08/15/50 | &nbsp;&nbsp; 4626 | 4591002 |
| 4.03%, 08/15/51 | &nbsp;&nbsp; 5496 | 5480794 |
| 4.57%, 12/15/50<sup>(a)</sup> | &nbsp;&nbsp; 528 | 504474 |
| 4.67%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 986364 |
| 4.75%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1500894 |
| 5.10%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 750 | 738124 |
| Series 2018-C08, Class A4, 3.98%, <br> 02/15/51<br>| &nbsp;&nbsp; 18150 | 18012613 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| 1.85%, 07/15/53 | &nbsp;&nbsp; 1924 | 1843727 |
| 2.70%, 07/15/53 | &nbsp;&nbsp; 375 | 319573 |
| 3.31%, 11/15/54 | &nbsp;&nbsp; 500 | 428652 |
| 4.15%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1749 | 1733202 |
| 4.29%, 06/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1294 | 1114593 |
| 4.48%, 11/15/50<sup>(a)</sup> | &nbsp;&nbsp; 500 | 468475 |
| 4.55%, 03/15/52 | &nbsp;&nbsp; 1000 | 985607 |
| 4.67%, 09/15/61<sup>(a)</sup> | &nbsp;&nbsp; 3000 | 2988965 |
| 5.19%, 10/15/58 | &nbsp;&nbsp; 1000 | 1037198 |
| 5.59%, 07/15/58 | &nbsp;&nbsp; 2950 | 3106046 |
| 5.65%, 02/15/58 | &nbsp;&nbsp; 1031 | 1105920 |
| 5.92%, 07/15/58 | &nbsp;&nbsp; 1000 | 1055753 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.93%, 07/15/57 | &nbsp;&nbsp; $3000 | $3158660 |
| 5.97%, 10/15/58<sup>(a)</sup> | &nbsp;&nbsp; 250 | 264993 |
| 5.98%, 10/15/58<sup>(a)</sup> | &nbsp;&nbsp; 500 | 524418 |
| 6.10%, 01/15/58 | &nbsp;&nbsp; 1500 | 1597283 |
| Class A4, 2.34%, 08/15/54 | &nbsp;&nbsp; 4600 | 4178734 |
| Class ASB, 4.17%, 05/15/51 | &nbsp;&nbsp; 345 | 344777 |
| Series 2018-C46, Class AS, 4.38%, <br> 08/15/51<br>| &nbsp;&nbsp; 1500 | 1482297 |
| Series 2019-C54, Class A4, 3.15%, <br> 12/15/52<br>| &nbsp;&nbsp; 5000 | 4822539 |
| Series 2020-C56, Class A5, 2.45%, <br> 06/15/53<br>| &nbsp;&nbsp; 6480 | 6078347 |
| Series 2020-C58, Class A4, 2.09%, <br> 07/15/53<br>| &nbsp;&nbsp; 17680 | 16121119 |
| Series 2021-C59, Class A5, 2.63%, <br> 04/15/54<br>| &nbsp;&nbsp; 5200 | 4782156 |
|  |  | 1433008372 |
| **Total Collateralized Mortgage Obligations — 1.0%** <br>**(Cost: $1,438,098,285)** | **Total Collateralized Mortgage Obligations — 1.0%** <br>**(Cost: $1,438,098,285)** | 1433008372 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.0%** | **Advertising — 0.0%** | **Advertising — 0.0%** |
| Omnicom Group, Inc. |  |  |
| 2.40%, 03/01/31 | &nbsp;&nbsp; 3168 | 2886584 |
| 2.45%, 04/30/30 | &nbsp;&nbsp; 4677 | 4355574 |
| 2.60%, 08/01/31 | &nbsp;&nbsp; 5764 | 5253222 |
| 3.38%, 03/01/41 | &nbsp;&nbsp; 2232 | 1706984 |
| 4.20%, 03/02/29 | &nbsp;&nbsp; 1335 | 1337316 |
| 4.20%, 06/01/30 | &nbsp;&nbsp; 5212 | 5209339 |
| 4.65%, 10/01/28 | &nbsp;&nbsp; 3681 | 3720945 |
| 4.75%, 03/30/30 | &nbsp;&nbsp; 3928 | 4002326 |
| 5.00%, 06/02/33 | &nbsp;&nbsp; 1650 | 1644742 |
| 5.30%, 11/01/34<sup>(c)</sup> | &nbsp;&nbsp; 5045 | 5089119 |
| 5.30%, 06/02/36 | &nbsp;&nbsp; 1650 | 1635748 |
| 5.38%, 06/15/33 | &nbsp;&nbsp; 2738 | 2824159 |
| 5.40%, 10/01/48<sup>(c)</sup> | &nbsp;&nbsp; 2350 | 2135351 |
|  |  | 41801409 |
| **Aerospace & Defense — 0.4%** | **Aerospace & Defense — 0.4%** | **Aerospace & Defense — 0.4%** |
| Boeing Co.(The) |  |  |
| 2.80%, 03/01/27 | &nbsp;&nbsp; 1854 | 1831630 |
| 2.95%, 02/01/30 | &nbsp;&nbsp; 5309 | 5087008 |
| 3.20%, 03/01/29 | &nbsp;&nbsp; 4841 | 4730663 |
| 3.25%, 02/01/28 | &nbsp;&nbsp; 4900 | 4841957 |
| 3.25%, 03/01/28 | &nbsp;&nbsp; 2644 | 2612208 |
| 3.25%, 02/01/35 | &nbsp;&nbsp; 3389 | 3018118 |
| 3.38%, 06/15/46 | &nbsp;&nbsp; 3528 | 2553872 |
| 3.45%, 11/01/28 | &nbsp;&nbsp; 2833 | 2798840 |
| 3.50%, 03/01/39 | &nbsp;&nbsp; 2054 | 1720997 |
| 3.55%, 03/01/38 | &nbsp;&nbsp; 1928 | 1660301 |
| 3.60%, 05/01/34 | &nbsp;&nbsp; 4221 | 3893051 |
| 3.63%, 02/01/31 | &nbsp;&nbsp; 5617 | 5455098 |
| 3.63%, 03/01/48 | &nbsp;&nbsp; 3063 | 2241517 |
| 3.65%, 03/01/47 | &nbsp;&nbsp; 2406 | 1795065 |
| 3.75%, 02/01/50 | &nbsp;&nbsp; 6716 | 4985902 |
| 3.83%, 03/01/59 | &nbsp;&nbsp; 3287 | 2322523 |
| 3.85%, 11/01/48 | &nbsp;&nbsp; 3064 | 2332976 |
| 3.90%, 05/01/49 | &nbsp;&nbsp; 5001 | 3817722 |
| 3.95%, 08/01/59 | &nbsp;&nbsp; 6373 | 4567267 |
| 5.04%, 05/01/27 | &nbsp;&nbsp; 9184 | 9280895 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| 5.15%, 05/01/30 | &nbsp;&nbsp; $16463 | $17049476 |
| 5.71%, 05/01/40 | &nbsp;&nbsp; 11037 | 11485810 |
| 5.81%, 05/01/50 | &nbsp;&nbsp; 23386 | 23455746 |
| 5.88%, 02/15/40 | &nbsp;&nbsp; 2318 | 2432679 |
| 5.93%, 05/01/60 | &nbsp;&nbsp; 14872 | 14929435 |
| 6.13%, 02/15/33 | &nbsp;&nbsp; 2198 | 2403551 |
| 6.26%, 05/01/27 | &nbsp;&nbsp; 5150 | 5276204 |
| 6.30%, 05/01/29 | &nbsp;&nbsp; 5705 | 6079208 |
| 6.39%, 05/01/31 | &nbsp;&nbsp; 3715 | 4058175 |
| 6.53%, 05/01/34 | &nbsp;&nbsp; 11165 | 12527384 |
| 6.63%, 02/15/38 | &nbsp;&nbsp; 2039 | 2302938 |
| 6.86%, 05/01/54 | &nbsp;&nbsp; 7885 | 9047492 |
| 6.88%, 03/15/39 | &nbsp;&nbsp; 2671 | 3059435 |
| 7.01%, 05/01/64 | &nbsp;&nbsp; 4175 | 4850476 |
| Embraer Netherlands Finance BV |  |  |
| 5.40%, 01/09/38 | &nbsp;&nbsp; 2935 | 2939222 |
| 5.98%, 02/11/35 | &nbsp;&nbsp; 275 | 295118 |
| GE Capital Funding LLC, 4.55%, 05/15/32 | &nbsp;&nbsp; 3682 | 3750833 |
| GE Capital International Funding Co. Unlimited <br> Co., 4.42%, 11/15/35<br>| &nbsp;&nbsp; 5869 | 5790650 |
| General Dynamics Corp. |  |  |
| 2.25%, 06/01/31 | &nbsp;&nbsp; 2695 | 2474395 |
| 2.63%, 11/15/27 | &nbsp;&nbsp; 2929 | 2882866 |
| 2.85%, 06/01/41 | &nbsp;&nbsp; 3489 | 2687047 |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 3297 | 3290525 |
| 3.60%, 11/15/42 | &nbsp;&nbsp; 1343 | 1118288 |
| 3.63%, 04/01/30 | &nbsp;&nbsp; 6147 | 6087128 |
| 3.75%, 05/15/28 | &nbsp;&nbsp; 5363 | 5378036 |
| 4.25%, 04/01/40 | &nbsp;&nbsp; 4024 | 3744793 |
| 4.25%, 04/01/50 | &nbsp;&nbsp; 4335 | 3749332 |
| 4.95%, 08/15/35 | &nbsp;&nbsp; 1960 | 2026751 |
| General Electric Co. |  |  |
| 4.30%, 07/29/30 | &nbsp;&nbsp; 2780 | 2825255 |
| 4.35%, 05/01/50 | &nbsp;&nbsp; 1905 | 1667739 |
| 4.50%, 03/11/44 | &nbsp;&nbsp; 1600 | 1474020 |
| 4.90%, 01/29/36 | &nbsp;&nbsp; 4710 | 4827903 |
| 5.88%, 01/14/38 | &nbsp;&nbsp; 2877 | 3161167 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 3635 | 4153585 |
| 6.88%, 01/10/39 | &nbsp;&nbsp; 2740 | 3260551 |
| HEICO Corp. |  |  |
| 5.25%, 08/01/28 | &nbsp;&nbsp; 1840 | 1893283 |
| 5.35%, 08/01/33 | &nbsp;&nbsp; 1960 | 2058473 |
| Hexcel Corp., 5.88%, 02/26/35 | &nbsp;&nbsp; 1115 | 1187715 |
| Howmet Aerospace, Inc. |  |  |
| 3.00%, 01/15/29 | &nbsp;&nbsp; 2225 | 2171846 |
| 4.55%, 11/15/32 | &nbsp;&nbsp; 2020 | 2058761 |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 1520 | 1576054 |
| 5.95%, 02/01/37 | &nbsp;&nbsp; 2045 | 2232367 |
| 6.75%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp; 1940 | 2041429 |
| L3Harris Technologies, Inc. |  |  |
| 1.80%, 01/15/31 | &nbsp;&nbsp; 4300 | 3852313 |
| 2.90%, 12/15/29 | &nbsp;&nbsp; 3196 | 3069492 |
| 4.40%, 06/15/28 | &nbsp;&nbsp; 9424 | 9510406 |
| 4.85%, 04/27/35 | &nbsp;&nbsp; 1876 | 1894022 |
| 5.05%, 06/01/29 | &nbsp;&nbsp; 2470 | 2545829 |
| 5.05%, 04/27/45 | &nbsp;&nbsp; 2833 | 2752770 |
| 5.25%, 06/01/31 | &nbsp;&nbsp; 2520 | 2639020 |
| 5.35%, 06/01/34 | &nbsp;&nbsp; 3305 | 3450900 |
| 5.40%, 07/31/33 | &nbsp;&nbsp; 6700 | 7056530 |
| 5.50%, 08/15/54 | &nbsp;&nbsp; 2980 | 2957103 |
| 5.60%, 07/31/53 | &nbsp;&nbsp; 2390 | 2403161 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| 6.15%, 12/15/40 | &nbsp;&nbsp; $1785 | $1972720 |
| Lockheed Martin Corp. |  |  |
| 1.85%, 06/15/30 | &nbsp;&nbsp; 3770 | 3457654 |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 4958 | 3224432 |
| 3.60%, 03/01/35<sup>(c)</sup> | &nbsp;&nbsp; 2308 | 2159231 |
| 3.80%, 03/01/45 | &nbsp;&nbsp; 5470 | 4485196 |
| 3.90%, 06/15/32 | &nbsp;&nbsp; 3575 | 3549777 |
| 4.07%, 12/15/42 | &nbsp;&nbsp; 4823 | 4218021 |
| 4.09%, 09/15/52 | &nbsp;&nbsp; 8201 | 6652912 |
| 4.15%, 08/15/28 | &nbsp;&nbsp; 2150 | 2171001 |
| 4.15%, 06/15/53 | &nbsp;&nbsp; 3580 | 2924519 |
| 4.30%, 06/15/62 | &nbsp;&nbsp; 4285 | 3463753 |
| 4.40%, 08/15/30 | &nbsp;&nbsp; 2885 | 2937342 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 1935 | 1961805 |
| 4.50%, 02/15/29 | &nbsp;&nbsp; 2845 | 2902132 |
| 4.50%, 05/15/36 | &nbsp;&nbsp; 2240 | 2233649 |
| 4.70%, 12/15/31 | &nbsp;&nbsp; 2220 | 2298373 |
| 4.70%, 05/15/46 | &nbsp;&nbsp; 5934 | 5476956 |
| 4.75%, 02/15/34 | &nbsp;&nbsp; 4000 | 4104168 |
| 4.80%, 08/15/34 | &nbsp;&nbsp; 2950 | 3019005 |
| 5.00%, 08/15/35 | &nbsp;&nbsp; 3975 | 4107850 |
| 5.10%, 11/15/27 | &nbsp;&nbsp; 4945 | 5061713 |
| 5.20%, 02/15/55<sup>(c)</sup> | &nbsp;&nbsp; 4420 | 4254614 |
| 5.20%, 02/15/64 | &nbsp;&nbsp; 2830 | 2665461 |
| 5.25%, 01/15/33 | &nbsp;&nbsp; 4635 | 4929399 |
| 5.70%, 11/15/54 | &nbsp;&nbsp; 4105 | 4239069 |
| 5.72%, 06/01/40<sup>(c)</sup> | &nbsp;&nbsp; 2192 | 2398445 |
| 5.90%, 11/15/63 | &nbsp;&nbsp; 2945 | 3103047 |
| Series B, 6.15%, 09/01/36 | &nbsp;&nbsp; 2675 | 3003941 |
| Northrop Grumman Corp. |  |  |
| 3.25%, 01/15/28 | &nbsp;&nbsp; 10288 | 10186109 |
| 3.85%, 04/15/45 | &nbsp;&nbsp; 3249 | 2658238 |
| 4.03%, 10/15/47 | &nbsp;&nbsp; 9986 | 8204950 |
| 4.40%, 05/01/30 | &nbsp;&nbsp; 2837 | 2877801 |
| 4.60%, 02/01/29 | &nbsp;&nbsp; 2360 | 2405968 |
| 4.65%, 07/15/30 | &nbsp;&nbsp; 3505 | 3590164 |
| 4.70%, 03/15/33 | &nbsp;&nbsp; 3810 | 3891216 |
| 4.75%, 06/01/43 | &nbsp;&nbsp; 4614 | 4339878 |
| 4.90%, 06/01/34 | &nbsp;&nbsp; 3330 | 3417564 |
| 4.95%, 03/15/53 | &nbsp;&nbsp; 4365 | 4013745 |
| 5.05%, 11/15/40 | &nbsp;&nbsp; 1783 | 1791106 |
| 5.15%, 05/01/40 | &nbsp;&nbsp; 2825 | 2857042 |
| 5.20%, 06/01/54<sup>(c)</sup> | &nbsp;&nbsp; 5035 | 4799810 |
| 5.25%, 07/15/35 | &nbsp;&nbsp; 2895 | 3031585 |
| 5.25%, 05/01/50 | &nbsp;&nbsp; 5048 | 4880093 |
| RTX Corp. |  |  |
| 1.90%, 09/01/31 | &nbsp;&nbsp; 4531 | 4030256 |
| 2.25%, 07/01/30 | &nbsp;&nbsp; 4750 | 4426329 |
| 2.38%, 03/15/32 | &nbsp;&nbsp; 4407 | 3972958 |
| 2.82%, 09/01/51 | &nbsp;&nbsp; 4304 | 2747781 |
| 3.03%, 03/15/52 | &nbsp;&nbsp; 5517 | 3666509 |
| 3.13%, 05/04/27 | &nbsp;&nbsp; 5821 | 5775763 |
| 3.13%, 07/01/50 | &nbsp;&nbsp; 5410 | 3717488 |
| 3.50%, 03/15/27 | &nbsp;&nbsp; 5970 | 5952449 |
| 3.75%, 11/01/46 | &nbsp;&nbsp; 5609 | 4444523 |
| 4.05%, 05/04/47 | &nbsp;&nbsp; 3743 | 3093746 |
| 4.13%, 11/16/28 | &nbsp;&nbsp; 12274 | 12347376 |
| 4.15%, 05/15/45 | &nbsp;&nbsp; 4730 | 4028831 |
| 4.35%, 04/15/47 | &nbsp;&nbsp; 4951 | 4285000 |
| 4.45%, 11/16/38 | &nbsp;&nbsp; 3755 | 3575763 |
| 4.50%, 06/01/42 | &nbsp;&nbsp; 15897 | 14615014 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| 4.63%, 11/16/48 | &nbsp;&nbsp; $7373 | $6568871 |
| 4.70%, 12/15/41 | &nbsp;&nbsp; 2520 | 2395874 |
| 4.80%, 12/15/43 | &nbsp;&nbsp; 2419 | 2268308 |
| 4.88%, 10/15/40 | &nbsp;&nbsp; 2829 | 2781348 |
| 5.15%, 02/27/33 | &nbsp;&nbsp; 5200 | 5441068 |
| 5.38%, 02/27/53 | &nbsp;&nbsp; 4705 | 4589974 |
| 5.40%, 05/01/35 | &nbsp;&nbsp; 2202 | 2345740 |
| 5.70%, 04/15/40 | &nbsp;&nbsp; 2610 | 2774192 |
| 5.75%, 01/15/29 | &nbsp;&nbsp; 3110 | 3267570 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 4545 | 4928515 |
| 6.05%, 06/01/36<sup>(c)</sup> | &nbsp;&nbsp; 1070 | 1186896 |
| 6.10%, 03/15/34 | &nbsp;&nbsp; 6735 | 7443179 |
| 6.13%, 07/15/38 | &nbsp;&nbsp; 1930 | 2142607 |
| 6.40%, 03/15/54 | &nbsp;&nbsp; 5415 | 6054198 |
| 7.20%, 08/15/27 | &nbsp;&nbsp; 2778 | 2910186 |
| 7.50%, 09/15/29 | &nbsp;&nbsp; 2868 | 3204171 |
| Spirit AeroSystems, Inc., 4.60%, 06/15/28 | &nbsp;&nbsp; 390 | 393601 |
|  |  | 616739835 |
| **Agriculture — 0.3%** | **Agriculture — 0.3%** | **Agriculture — 0.3%** |
| Altria Group, Inc. |  |  |
| 2.45%, 02/04/32 | &nbsp;&nbsp; 8425 | 7559566 |
| 3.40%, 05/06/30 | &nbsp;&nbsp; 4964 | 4830042 |
| 3.40%, 02/04/41 | &nbsp;&nbsp; 7157 | 5608283 |
| 3.70%, 02/04/51 | &nbsp;&nbsp; 5992 | 4288701 |
| 3.88%, 09/16/46 | &nbsp;&nbsp; 6532 | 5032552 |
| 4.00%, 02/04/61<sup>(c)</sup> | &nbsp;&nbsp; 4275 | 3128001 |
| 4.25%, 08/09/42 | &nbsp;&nbsp; 4504 | 3816284 |
| 4.45%, 05/06/50 | &nbsp;&nbsp; 2638 | 2138251 |
| 4.50%, 08/06/30 | &nbsp;&nbsp; 1915 | 1945963 |
| 4.50%, 05/02/43 | &nbsp;&nbsp; 2993 | 2589639 |
| 4.80%, 02/14/29 | &nbsp;&nbsp; 8184 | 8362766 |
| 4.88%, 02/04/28 | &nbsp;&nbsp; 1730 | 1761426 |
| 5.25%, 08/06/35 | &nbsp;&nbsp; 2270 | 2325660 |
| 5.38%, 01/31/44 | &nbsp;&nbsp; 8022 | 7750962 |
| 5.63%, 02/06/35 | &nbsp;&nbsp; 1880 | 1975325 |
| 5.80%, 02/14/39 | &nbsp;&nbsp; 9632 | 10014765 |
| 5.95%, 02/14/49 | &nbsp;&nbsp; 10772 | 10901958 |
| 6.20%, 11/01/28 | &nbsp;&nbsp; 3570 | 3766894 |
| 6.88%, 11/01/33 | &nbsp;&nbsp; 2070 | 2355776 |
| Archer-Daniels-Midland Co. |  |  |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 1980 | 1239899 |
| 2.90%, 03/01/32 | &nbsp;&nbsp; 3485 | 3240038 |
| 3.25%, 03/27/30 | &nbsp;&nbsp; 6256 | 6086559 |
| 3.75%, 09/15/47 | &nbsp;&nbsp; 2289 | 1831478 |
| 4.02%, 04/16/43 | &nbsp;&nbsp; 1707 | 1468403 |
| 4.50%, 08/15/33 | &nbsp;&nbsp; 1875 | 1895980 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 3004 | 2637185 |
| 4.54%, 03/26/42 | &nbsp;&nbsp; 2847 | 2638416 |
| 5.38%, 09/15/35 | &nbsp;&nbsp; 2206 | 2349307 |
| 5.94%, 10/01/32 | &nbsp;&nbsp; 1982 | 2170545 |
| BAT Capital Corp. |  |  |
| 2.26%, 03/25/28 | &nbsp;&nbsp; 4365 | 4222239 |
| 2.73%, 03/25/31 | &nbsp;&nbsp; 5948 | 5537624 |
| 3.46%, 09/06/29 | &nbsp;&nbsp; 2787 | 2734232 |
| 3.56%, 08/15/27 | &nbsp;&nbsp; 5278 | 5250854 |
| 3.73%, 09/25/40 | &nbsp;&nbsp; 1950 | 1615455 |
| 3.98%, 09/25/50 | &nbsp;&nbsp; 830 | 623731 |
| 4.39%, 08/15/37 | &nbsp;&nbsp; 11614 | 10861335 |
| 4.54%, 08/15/47 | &nbsp;&nbsp; 8120 | 6840357 |
| 4.63%, 03/22/33 | &nbsp;&nbsp; 3650 | 3663490 |
| 4.70%, 04/02/27 | &nbsp;&nbsp; 5089 | 5123267 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| 4.74%, 03/16/32 | &nbsp;&nbsp; $4230 | $4302768 |
| 4.76%, 09/06/49 | &nbsp;&nbsp; 4713 | 4039009 |
| 4.91%, 04/02/30 | &nbsp;&nbsp; 4943 | 5075505 |
| 5.28%, 04/02/50 | &nbsp;&nbsp; 2797 | 2565611 |
| 5.35%, 08/15/32 | &nbsp;&nbsp; 3390 | 3558917 |
| 5.63%, 08/15/35<sup>(c)</sup> | &nbsp;&nbsp; 4200 | 4427846 |
| 5.65%, 03/16/52 | &nbsp;&nbsp; 4075 | 3904848 |
| 5.83%, 02/20/31 | &nbsp;&nbsp; 4135 | 4420375 |
| 6.00%, 02/20/34 | &nbsp;&nbsp; 3745 | 4057278 |
| 6.25%, 08/15/55 | &nbsp;&nbsp; 650 | 675250 |
| 6.34%, 08/02/30 | &nbsp;&nbsp; 4755 | 5167237 |
| 6.42%, 08/02/33 | &nbsp;&nbsp; 5860 | 6507931 |
| 7.08%, 08/02/43 | &nbsp;&nbsp; 3740 | 4253547 |
| 7.08%, 08/02/53 | &nbsp;&nbsp; 4675 | 5353724 |
| 7.75%, 10/19/32 | &nbsp;&nbsp; 2836 | 3341163 |
| BAT International Finance PLC |  |  |
| 4.45%, 03/16/28 | &nbsp;&nbsp; 6240 | 6297036 |
| 5.93%, 02/02/29 | &nbsp;&nbsp; 4970 | 5230585 |
| Bunge Ltd. Finance Corp. |  |  |
| 2.75%, 05/14/31 | &nbsp;&nbsp; 6225 | 5792199 |
| 3.20%, 04/21/31 | &nbsp;&nbsp; 2030 | 1931471 |
| 3.75%, 09/25/27 | &nbsp;&nbsp; 3906 | 3897081 |
| 4.10%, 01/07/28 | &nbsp;&nbsp; 3520 | 3537106 |
| 4.20%, 09/17/29 | &nbsp;&nbsp; 3620 | 3642620 |
| 4.55%, 08/04/30 | &nbsp;&nbsp; 3880 | 3941928 |
| 4.65%, 09/17/34 | &nbsp;&nbsp; 3655 | 3635683 |
| 5.15%, 08/04/35 | &nbsp;&nbsp; 2280 | 2337322 |
| Philip Morris International, Inc. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 4998 | 4501985 |
| 2.10%, 05/01/30 | &nbsp;&nbsp; 3288 | 3042153 |
| 3.13%, 08/17/27 | &nbsp;&nbsp; 2920 | 2895596 |
| 3.13%, 03/02/28 | &nbsp;&nbsp; 2836 | 2797201 |
| 3.38%, 08/15/29 | &nbsp;&nbsp; 7231 | 7103938 |
| 3.88%, 10/27/28 | &nbsp;&nbsp; 2385 | 2388487 |
| 3.88%, 08/21/42 | &nbsp;&nbsp; 3701 | 3098343 |
| 4.00%, 10/29/30 | &nbsp;&nbsp; 2975 | 2967569 |
| 4.13%, 04/28/28 | &nbsp;&nbsp; 3605 | 3629025 |
| 4.13%, 03/04/43 | &nbsp;&nbsp; 4349 | 3758517 |
| 4.25%, 10/29/32 | &nbsp;&nbsp; 2975 | 2966509 |
| 4.25%, 11/10/44 | &nbsp;&nbsp; 4018 | 3470469 |
| 4.38%, 11/01/27 | &nbsp;&nbsp; 3860 | 3898250 |
| 4.38%, 04/30/30 | &nbsp;&nbsp; 3040 | 3077640 |
| 4.38%, 11/15/41 | &nbsp;&nbsp; 3732 | 3362869 |
| 4.50%, 03/20/42 | &nbsp;&nbsp; 3750 | 3418957 |
| 4.63%, 11/01/29 | &nbsp;&nbsp; 3220 | 3295699 |
| 4.63%, 10/29/35 | &nbsp;&nbsp; 3575 | 3537181 |
| 4.75%, 11/01/31 | &nbsp;&nbsp; 3470 | 3567546 |
| 4.88%, 02/15/28 | &nbsp;&nbsp; 7570 | 7714858 |
| 4.88%, 02/13/29 | &nbsp;&nbsp; 3295 | 3387144 |
| 4.88%, 04/30/35 | &nbsp;&nbsp; 2545 | 2584087 |
| 4.88%, 11/15/43 | &nbsp;&nbsp; 3735 | 3492949 |
| 4.90%, 11/01/34 | &nbsp;&nbsp; 3235 | 3297775 |
| 5.13%, 11/17/27 | &nbsp;&nbsp; 7392 | 7542816 |
| 5.13%, 02/15/30 | &nbsp;&nbsp; 6660 | 6916812 |
| 5.13%, 02/13/31 | &nbsp;&nbsp; 5615 | 5859347 |
| 5.25%, 09/07/28 | &nbsp;&nbsp; 2465 | 2548312 |
| 5.25%, 02/13/34 | &nbsp;&nbsp; 7755 | 8120567 |
| 5.38%, 02/15/33 | &nbsp;&nbsp; 9950 | 10496032 |
| 5.50%, 09/07/30 | &nbsp;&nbsp; 2685 | 2837351 |
| 5.63%, 11/17/29 | &nbsp;&nbsp; 8410 | 8885090 |
| 5.63%, 09/07/33 | &nbsp;&nbsp; 3455 | 3705705 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| 5.75%, 11/17/32 | &nbsp;&nbsp; $5581 | $6018428 |
| 6.38%, 05/16/38 | &nbsp;&nbsp; 7543 | 8483560 |
| Reynolds American, Inc. |  |  |
| 5.70%, 08/15/35 | &nbsp;&nbsp; 3504 | 3695669 |
| 5.85%, 08/15/45 | &nbsp;&nbsp; 10103 | 10099082 |
| 6.15%, 09/15/43 | &nbsp;&nbsp; 2731 | 2839438 |
| 7.25%, 06/15/37 | &nbsp;&nbsp; 2555 | 2987079 |
|  |  | 442367283 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| American Airlines 2025-1 Class A Pass <br> Through Trust, 4.90%, 11/11/39<br>| &nbsp;&nbsp; 910 | 914270 |
| American Airlines Pass-Through Trust |  |  |
| Series 2015-1, Class A, 3.38%, 11/01/28<sup>(c)</sup> | &nbsp;&nbsp; 2010 | 1986308 |
| Series 2015-2, Class AA, 3.60%, <br> 03/22/29<sup>(c)</sup><br>| &nbsp;&nbsp; 2128 | 2107739 |
| Series 2016-1, Class AA, 3.58%, 07/15/29 | &nbsp;&nbsp; 1713 | 1691498 |
| Series 2016-2, Class AA, 3.20%, 12/15/29 | &nbsp;&nbsp; 1962 | 1919990 |
| Series 2016-3, Class AA, 3.00%, <br> 04/15/30<sup>(c)</sup><br>| &nbsp;&nbsp; 1268 | 1231994 |
| Series 2017-1, Class AA, 3.65%, 02/15/29 | &nbsp;&nbsp; 2067 | 2041125 |
| Series 2017-2, Class AA, 3.35%, <br> 04/15/31<sup>(c)</sup><br>| &nbsp;&nbsp; 2051 | 1997489 |
| Series 2019-1, Class AA, 3.15%, 08/15/33 | &nbsp;&nbsp; 2416 | 2293366 |
| Series A, Class A, 2.88%, 01/11/36 | &nbsp;&nbsp; 3456 | 3168620 |
| Delta Air Lines Pass-Through Trust, Series <br> 2020, Class AA, 2.00%, 12/10/29<br>| &nbsp;&nbsp; 3732 | 3603380 |
| Delta Air Lines, Inc. |  |  |
| 3.75%, 10/28/29 | &nbsp;&nbsp; 2410 | 2367437 |
| 4.38%, 04/19/28 | &nbsp;&nbsp; 1900 | 1907867 |
| 4.95%, 07/10/28 | &nbsp;&nbsp; 3580 | 3639022 |
| 5.25%, 07/10/30 | &nbsp;&nbsp; 2715 | 2799631 |
| JetBlue Pass-Through Trust |  |  |
| Series 1A, 4.00%, 05/15/34<sup>(c)</sup> | &nbsp;&nbsp; 2493 | 2385733 |
| Series 2019-1, Class AA, 2.75%, 11/15/33 | &nbsp;&nbsp; 2421 | 2178897 |
| Southwest Airlines Co. |  |  |
| 2.63%, 02/10/30 | &nbsp;&nbsp; 3138 | 2941038 |
| 3.45%, 11/16/27 | &nbsp;&nbsp; 2273 | 2251858 |
| 4.38%, 11/15/28 | &nbsp;&nbsp; 3530 | 3555861 |
| 5.13%, 06/15/27 | &nbsp;&nbsp; 9017 | 9121720 |
| 5.25%, 11/15/35 | &nbsp;&nbsp; 3320 | 3293650 |
| United Airlines Pass-Through Trust |  |  |
| 5.80%, 07/15/37 | &nbsp;&nbsp; 6025 | 6379862 |
| Series 2016-1, Class AA, 3.10%, 01/07/30 | &nbsp;&nbsp; 2633 | 2572733 |
| Series 2016-2, Class AA, 2.88%, 04/07/30 | &nbsp;&nbsp; 2361 | 2287705 |
| Series 2018-1, Class AA, 3.50%, 09/01/31 | &nbsp;&nbsp; 2840 | 2785446 |
| Series 2019, Class AA, 4.15%, 02/25/33 | &nbsp;&nbsp; 2008 | 1984120 |
| Series 2019-2, Class AA, 2.70%, 11/01/33 | &nbsp;&nbsp; 3606 | 3357407 |
| Series 2020-1, 5.88%, 04/15/29 | &nbsp;&nbsp; 3826 | 3917472 |
| Series 24-A, 5.88%, 08/15/38 | &nbsp;&nbsp; 1903 | 1958996 |
| Series AA, 5.45%, 08/15/38 | &nbsp;&nbsp; 4422 | 4597673 |
|  |  | 89239907 |
| **Apparel — 0.0%** | **Apparel — 0.0%** | **Apparel — 0.0%** |
| NIKE, Inc. |  |  |
| 2.75%, 03/27/27 | &nbsp;&nbsp; 5748 | 5691785 |
| 2.85%, 03/27/30 | &nbsp;&nbsp; 7520 | 7229628 |
| 3.25%, 03/27/40 | &nbsp;&nbsp; 5200 | 4282825 |
| 3.38%, 11/01/46 | &nbsp;&nbsp; 3305 | 2490372 |
| 3.38%, 03/27/50 | &nbsp;&nbsp; 6557 | 4796970 |
| 3.63%, 05/01/43 | &nbsp;&nbsp; 2999 | 2434220 |
| 3.88%, 11/01/45 | &nbsp;&nbsp; 5583 | 4587214 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Apparel (continued)** | **Apparel (continued)** | **Apparel (continued)** |
| PVH Corp., 5.50%, 06/13/30 | &nbsp;&nbsp; $1315 | $1349810 |
| Ralph Lauren Corp. |  |  |
| 2.95%, 06/15/30 | &nbsp;&nbsp; 5039 | 4828193 |
| 5.00%, 06/15/32 | &nbsp;&nbsp; 150 | 156116 |
| Tapestry, Inc. |  |  |
| 3.05%, 03/15/32 | &nbsp;&nbsp; 2503 | 2323518 |
| 4.13%, 07/15/27 | &nbsp;&nbsp; 2031 | 2031792 |
| 5.10%, 03/11/30 | &nbsp;&nbsp; 1475 | 1521693 |
| 5.50%, 03/11/35 | &nbsp;&nbsp; 685 | 710188 |
|  |  | 44434324 |
| **Auto Manufacturers — 0.5%** | **Auto Manufacturers — 0.5%** | **Auto Manufacturers — 0.5%** |
| American Honda Finance Corp. |  |  |
| 1.80%, 01/13/31 | &nbsp;&nbsp; 3387 | 3027980 |
| 2.00%, 03/24/28 | &nbsp;&nbsp; 3890 | 3745452 |
| 2.25%, 01/12/29 | &nbsp;&nbsp; 3175 | 3030962 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 2696 | 2678169 |
| 4.15%, 01/08/29 | &nbsp;&nbsp; 2230 | 2241507 |
| 4.25%, 09/01/28 | &nbsp;&nbsp; 2885 | 2906810 |
| 4.40%, 09/05/29 | &nbsp;&nbsp; 3660 | 3707889 |
| 4.45%, 10/22/27 | &nbsp;&nbsp; 3405 | 3437132 |
| 4.45%, 01/08/31 | &nbsp;&nbsp; 2320 | 2342756 |
| 4.50%, 09/04/30 | &nbsp;&nbsp; 3105 | 3141440 |
| 4.55%, 07/09/27 | &nbsp;&nbsp; 1930 | 1948377 |
| 4.55%, 03/03/28 | &nbsp;&nbsp; 2300 | 2328773 |
| 4.60%, 04/17/30 | &nbsp;&nbsp; 3600 | 3662159 |
| 4.70%, 01/12/28 | &nbsp;&nbsp; 2720 | 2760774 |
| 4.80%, 03/05/30 | &nbsp;&nbsp; 2040 | 2089712 |
| 4.85%, 10/23/31 | &nbsp;&nbsp; 3075 | 3160167 |
| 4.90%, 03/12/27 | &nbsp;&nbsp; 3725 | 3766136 |
| 4.90%, 07/09/27 | &nbsp;&nbsp; 2105 | 2133739 |
| 4.90%, 03/13/29 | &nbsp;&nbsp; 4545 | 4661160 |
| 4.90%, 01/10/34 | &nbsp;&nbsp; 2375 | 2411813 |
| 5.05%, 07/10/31 | &nbsp;&nbsp; 4515 | 4678080 |
| 5.10%, 01/08/36 | &nbsp;&nbsp; 3070 | 3096117 |
| 5.13%, 07/07/28 | &nbsp;&nbsp; 3395 | 3484645 |
| 5.15%, 07/09/32 | &nbsp;&nbsp; 1910 | 1981635 |
| 5.20%, 03/05/35 | &nbsp;&nbsp; 2155 | 2204418 |
| 5.65%, 11/15/28 | &nbsp;&nbsp; 3545 | 3698579 |
| 5.85%, 10/04/30 | &nbsp;&nbsp; 2520 | 2692051 |
| Cummins, Inc. |  |  |
| 1.50%, 09/01/30 | &nbsp;&nbsp; 4369 | 3942948 |
| 2.60%, 09/01/50 | &nbsp;&nbsp; 5425 | 3374202 |
| 4.25%, 05/09/28 | &nbsp;&nbsp; 1200 | 1212850 |
| 4.70%, 02/15/31 | &nbsp;&nbsp; 3490 | 3590934 |
| 4.88%, 10/01/43 | &nbsp;&nbsp; 4671 | 4536742 |
| 4.90%, 02/20/29 | &nbsp;&nbsp; 1545 | 1593902 |
| 5.15%, 02/20/34 | &nbsp;&nbsp; 1510 | 1576348 |
| 5.30%, 05/09/35 | &nbsp;&nbsp; 3350 | 3525665 |
| 5.45%, 02/20/54 | &nbsp;&nbsp; 2130 | 2125571 |
| Ford Motor Co. |  |  |
| 3.25%, 02/12/32 | &nbsp;&nbsp; 12315 | 11074801 |
| 4.75%, 01/15/43 | &nbsp;&nbsp; 9220 | 7415533 |
| 5.29%, 12/08/46<sup>(c)</sup> | &nbsp;&nbsp; 5910 | 5042724 |
| 6.10%, 08/19/32<sup>(c)</sup> | &nbsp;&nbsp; 7725 | 8075268 |
| 6.63%, 10/01/28 | &nbsp;&nbsp; 672 | 710396 |
| 7.40%, 11/01/46 | &nbsp;&nbsp; 3580 | 3912025 |
| 7.45%, 07/16/31<sup>(c)</sup> | &nbsp;&nbsp; 5110 | 5706717 |
| 9.63%, 04/22/30 | &nbsp;&nbsp; 1970 | 2301584 |
| Ford Motor Credit Co. LLC |  |  |
| 2.90%, 02/16/28 | &nbsp;&nbsp; 4310 | 4182289 |
| 2.90%, 02/10/29 | &nbsp;&nbsp; 3960 | 3768339 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 3.63%, 06/17/31 | &nbsp;&nbsp; $4875 | $4541950 |
| 3.82%, 11/02/27 | &nbsp;&nbsp; 3551 | 3522033 |
| 4.00%, 11/13/30 | &nbsp;&nbsp; 8660 | 8294049 |
| 4.13%, 08/17/27 | &nbsp;&nbsp; 5650 | 5629251 |
| 4.95%, 05/28/27 | &nbsp;&nbsp; 5485 | 5524498 |
| 4.97%, 04/06/29 | &nbsp;&nbsp; 2845 | 2863609 |
| 5.11%, 05/03/29 | &nbsp;&nbsp; 10595 | 10696166 |
| 5.30%, 09/06/29 | &nbsp;&nbsp; 3330 | 3377859 |
| 5.73%, 09/05/30 | &nbsp;&nbsp; 3710 | 3816838 |
| 5.75%, 04/06/33 | &nbsp;&nbsp; 2960 | 3015991 |
| 5.80%, 03/05/27 | &nbsp;&nbsp; 8620 | 8735119 |
| 5.80%, 03/08/29 | &nbsp;&nbsp; 6120 | 6302841 |
| 5.85%, 05/17/27 | &nbsp;&nbsp; 5620 | 5711589 |
| 5.87%, 10/31/35 | &nbsp;&nbsp; 5760 | 5779150 |
| 5.88%, 11/07/29 | &nbsp;&nbsp; 3460 | 3576608 |
| 5.92%, 03/20/28 | &nbsp;&nbsp; 3550 | 3642307 |
| 6.05%, 03/05/31 | &nbsp;&nbsp; 4850 | 5043710 |
| 6.05%, 11/05/31 | &nbsp;&nbsp; 4190 | 4354063 |
| 6.13%, 03/08/34 | &nbsp;&nbsp; 7525 | 7781076 |
| 6.50%, 02/07/35 | &nbsp;&nbsp; 4780 | 5016611 |
| 6.53%, 03/19/32 | &nbsp;&nbsp; 3430 | 3647427 |
| 6.80%, 05/12/28 | &nbsp;&nbsp; 6625 | 6928947 |
| 6.80%, 11/07/28 | &nbsp;&nbsp; 6520 | 6867058 |
| 7.12%, 11/07/33 | &nbsp;&nbsp; 5665 | 6176101 |
| 7.20%, 06/10/30 | &nbsp;&nbsp; 3950 | 4260856 |
| 7.35%, 11/04/27 | &nbsp;&nbsp; 9560 | 9976596 |
| 7.35%, 03/06/30 | &nbsp;&nbsp; 5420 | 5869623 |
| General Motors Co. |  |  |
| 4.20%, 10/01/27 | &nbsp;&nbsp; 4344 | 4352865 |
| 5.00%, 10/01/28 | &nbsp;&nbsp; 5635 | 5747076 |
| 5.00%, 04/01/35<sup>(c)</sup> | &nbsp;&nbsp; 3643 | 3616695 |
| 5.15%, 04/01/38 | &nbsp;&nbsp; 5020 | 4891213 |
| 5.20%, 04/01/45 | &nbsp;&nbsp; 5952 | 5424193 |
| 5.35%, 04/15/28 | &nbsp;&nbsp; 1400 | 1434503 |
| 5.40%, 10/15/29 | &nbsp;&nbsp; 3090 | 3211689 |
| 5.40%, 04/01/48<sup>(c)</sup> | &nbsp;&nbsp; 3536 | 3258473 |
| 5.60%, 10/15/32 | &nbsp;&nbsp; 6005 | 6327139 |
| 5.63%, 04/15/30 | &nbsp;&nbsp; 2375 | 2489412 |
| 5.95%, 04/01/49 | &nbsp;&nbsp; 4420 | 4352830 |
| 6.25%, 04/15/35 | &nbsp;&nbsp; 2120 | 2273940 |
| 6.25%, 10/02/43 | &nbsp;&nbsp; 7015 | 7196722 |
| 6.60%, 04/01/36 | &nbsp;&nbsp; 5645 | 6193525 |
| 6.75%, 04/01/46 | &nbsp;&nbsp; 3517 | 3801325 |
| 6.80%, 10/01/27<sup>(c)</sup> | &nbsp;&nbsp; 5951 | 6172308 |
| General Motors Financial Co., Inc. |  |  |
| 2.35%, 01/08/31 | &nbsp;&nbsp; 4250 | 3866950 |
| 2.40%, 04/10/28 | &nbsp;&nbsp; 5500 | 5321226 |
| 2.40%, 10/15/28 | &nbsp;&nbsp; 5392 | 5164493 |
| 2.70%, 08/20/27 | &nbsp;&nbsp; 3844 | 3773972 |
| 2.70%, 06/10/31 | &nbsp;&nbsp; 5430 | 4985500 |
| 3.10%, 01/12/32 | &nbsp;&nbsp; 4542 | 4198143 |
| 3.60%, 06/21/30 | &nbsp;&nbsp; 4081 | 3965195 |
| 3.85%, 01/05/28 | &nbsp;&nbsp; 2939 | 2929976 |
| 4.20%, 10/27/28 | &nbsp;&nbsp; 2845 | 2855661 |
| 4.30%, 04/06/29 | &nbsp;&nbsp; 4630 | 4650704 |
| 4.60%, 01/08/31 | &nbsp;&nbsp; 1810 | 1826644 |
| 4.90%, 10/06/29 | &nbsp;&nbsp; 3685 | 3767805 |
| 5.00%, 04/09/27 | &nbsp;&nbsp; 5555 | 5612124 |
| 5.00%, 07/15/27 | &nbsp;&nbsp; 3605 | 3651648 |
| 5.05%, 04/04/28 | &nbsp;&nbsp; 3460 | 3526976 |
| 5.35%, 07/15/27 | &nbsp;&nbsp; 1910 | 1942594 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 5.35%, 01/07/30 | &nbsp;&nbsp; $3175 | $3295368 |
| 5.40%, 05/08/27 | &nbsp;&nbsp; 4165 | 4230351 |
| 5.45%, 07/15/30 | &nbsp;&nbsp; 6465 | 6755054 |
| 5.45%, 09/06/34 | &nbsp;&nbsp; 3235 | 3321443 |
| 5.45%, 01/08/36<sup>(c)</sup> | &nbsp;&nbsp; 2610 | 2655323 |
| 5.55%, 07/15/29 | &nbsp;&nbsp; 4160 | 4331570 |
| 5.60%, 06/18/31 | &nbsp;&nbsp; 2875 | 3019541 |
| 5.63%, 04/04/32 | &nbsp;&nbsp; 2715 | 2853107 |
| 5.65%, 01/17/29 | &nbsp;&nbsp; 2789 | 2891932 |
| 5.75%, 02/08/31 | &nbsp;&nbsp; 3185 | 3363598 |
| 5.80%, 06/23/28 | &nbsp;&nbsp; 3495 | 3620808 |
| 5.80%, 01/07/29 | &nbsp;&nbsp; 5040 | 5263773 |
| 5.85%, 04/06/30 | &nbsp;&nbsp; 3850 | 4065768 |
| 5.90%, 01/07/35 | &nbsp;&nbsp; 4145 | 4355642 |
| 5.95%, 04/04/34 | &nbsp;&nbsp; 5820 | 6175644 |
| 6.00%, 01/09/28 | &nbsp;&nbsp; 5060 | 5224443 |
| 6.10%, 01/07/34 | &nbsp;&nbsp; 6872 | 7357386 |
| 6.15%, 07/15/35 | &nbsp;&nbsp; 3105 | 3321668 |
| 6.40%, 01/09/33 | &nbsp;&nbsp; 4148 | 4514192 |
| Honda Motor Co. Ltd. |  |  |
| 2.53%, 03/10/27 | &nbsp;&nbsp; 2950 | 2911990 |
| 2.97%, 03/10/32 | &nbsp;&nbsp; 3830 | 3547812 |
| 4.44%, 07/08/28 | &nbsp;&nbsp; 4170 | 4217198 |
| 4.69%, 07/08/30 | &nbsp;&nbsp; 4645 | 4735382 |
| 5.34%, 07/08/35 | &nbsp;&nbsp; 4040 | 4181779 |
| Mercedes-Benz Finance North America LLC, <br> 8.50%, 01/18/31<br>| &nbsp;&nbsp; 7079 | 8402856 |
| PACCAR Financial Corp. |  |  |
| 3.90%, 02/05/29 | &nbsp;&nbsp; 1385 | 1394713 |
| 4.00%, 08/08/28 | &nbsp;&nbsp; 1445 | 1457352 |
| 4.00%, 09/26/29 | &nbsp;&nbsp; 1770 | 1782925 |
| 4.25%, 06/23/27 | &nbsp;&nbsp; 1945 | 1959576 |
| 4.45%, 08/06/27 | &nbsp;&nbsp; 3000 | 3036336 |
| 4.55%, 03/03/28 | &nbsp;&nbsp; 2345 | 2388273 |
| 4.55%, 05/08/30 | &nbsp;&nbsp; 2175 | 2226298 |
| 4.60%, 01/10/28 | &nbsp;&nbsp; 1845 | 1877922 |
| 4.60%, 01/31/29 | &nbsp;&nbsp; 1925 | 1971296 |
| 4.95%, 08/10/28 | &nbsp;&nbsp; 1080 | 1110757 |
| 5.00%, 05/13/27 | &nbsp;&nbsp; 3320 | 3374733 |
| 5.00%, 03/22/34 | &nbsp;&nbsp; 1640 | 1702455 |
| Series R, 4.00%, 11/07/28 | &nbsp;&nbsp; 1415 | 1425009 |
| Toyota Motor Corp. |  |  |
| 2.36%, 03/25/31 | &nbsp;&nbsp; 2505 | 2316968 |
| 2.76%, 07/02/29 | &nbsp;&nbsp; 2188 | 2113875 |
| 3.67%, 07/20/28 | &nbsp;&nbsp; 2915 | 2918185 |
| 4.19%, 06/30/27 | &nbsp;&nbsp; 2430 | 2445794 |
| 4.45%, 06/30/30 | &nbsp;&nbsp; 1075 | 1095363 |
| 5.05%, 06/30/35<sup>(c)</sup> | &nbsp;&nbsp; 1725 | 1795330 |
| 5.12%, 07/13/28 | &nbsp;&nbsp; 2828 | 2913024 |
| 5.12%, 07/13/33 | &nbsp;&nbsp; 1590 | 1668170 |
| Toyota Motor Credit Corp. |  |  |
| 1.15%, 08/13/27 | &nbsp;&nbsp; 3502 | 3382223 |
| 1.65%, 01/10/31 | &nbsp;&nbsp; 3190 | 2854729 |
| 1.90%, 04/06/28 | &nbsp;&nbsp; 3819 | 3688011 |
| 1.90%, 09/12/31 | &nbsp;&nbsp; 2875 | 2561475 |
| 2.15%, 02/13/30 | &nbsp;&nbsp; 5099 | 4772704 |
| 2.40%, 01/13/32 | &nbsp;&nbsp; 1515 | 1376650 |
| 3.05%, 03/22/27<sup>(c)</sup> | &nbsp;&nbsp; 6750 | 6706478 |
| 3.05%, 01/11/28 | &nbsp;&nbsp; 2915 | 2882082 |
| 3.38%, 04/01/30 | &nbsp;&nbsp; 4739 | 4634189 |
| 3.65%, 01/08/29 | &nbsp;&nbsp; 4245 | 4235937 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 4.05%, 09/05/28 | &nbsp;&nbsp; $3290 | $3316502 |
| 4.35%, 10/08/27 | &nbsp;&nbsp; 5590 | 5647539 |
| 4.45%, 06/29/29 | &nbsp;&nbsp; 3720 | 3789861 |
| 4.50%, 05/14/27 | &nbsp;&nbsp; 4145 | 4184738 |
| 4.55%, 09/20/27 | &nbsp;&nbsp; 3955 | 4007246 |
| 4.55%, 08/09/29 | &nbsp;&nbsp; 4240 | 4332761 |
| 4.55%, 05/17/30 | &nbsp;&nbsp; 3415 | 3496076 |
| 4.60%, 10/10/31 | &nbsp;&nbsp; 3625 | 3706020 |
| 4.63%, 01/12/28 | &nbsp;&nbsp; 4860 | 4943418 |
| 4.65%, 01/05/29 | &nbsp;&nbsp; 2570 | 2631336 |
| 4.65%, 09/03/32 | &nbsp;&nbsp; 3000 | 3061082 |
| 4.70%, 01/12/33 | &nbsp;&nbsp; 3765 | 3849534 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 3490 | 3600931 |
| 4.80%, 01/05/34 | &nbsp;&nbsp; 2840 | 2908877 |
| 4.95%, 01/09/30 | &nbsp;&nbsp; 2845 | 2948966 |
| 5.05%, 05/16/29 | &nbsp;&nbsp; 4035 | 4181649 |
| 5.10%, 03/21/31 | &nbsp;&nbsp; 3220 | 3368779 |
| 5.25%, 09/11/28 | &nbsp;&nbsp; 2065 | 2138805 |
| 5.35%, 01/09/35 | &nbsp;&nbsp; 3070 | 3249607 |
| 5.45%, 11/10/27 | &nbsp;&nbsp; 3675 | 3782375 |
| 5.55%, 11/20/30 | &nbsp;&nbsp; 5000 | 5323279 |
| Series B, 3.75%, 01/12/28 | &nbsp;&nbsp; 3340 | 3345693 |
| Series B, 4.20%, 01/10/31<sup>(c)</sup> | &nbsp;&nbsp; 2770 | 2789948 |
| Series B, 4.80%, 01/11/36 | &nbsp;&nbsp; 2820 | 2844940 |
| Series B, 5.00%, 03/19/27 | &nbsp;&nbsp; 3700 | 3750016 |
|  |  | 722305153 |
| **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.10%, 12/01/51 | &nbsp;&nbsp; 7035 | 4584038 |
| 3.25%, 03/01/32 | &nbsp;&nbsp; 3805 | 3598325 |
| 4.15%, 05/01/52 | &nbsp;&nbsp; 4685 | 3638915 |
| 4.40%, 10/01/46 | &nbsp;&nbsp; 1772 | 1477967 |
| 4.65%, 09/13/29 | &nbsp;&nbsp; 1820 | 1864523 |
| 5.15%, 09/13/34 | &nbsp;&nbsp; 2285 | 2343596 |
| 5.40%, 03/15/49 | &nbsp;&nbsp; 1802 | 1694204 |
| 5.75%, 09/13/54 | &nbsp;&nbsp; 2990 | 2910557 |
| BorgWarner, Inc. |  |  |
| 2.65%, 07/01/27 | &nbsp;&nbsp; 6123 | 6015664 |
| 4.38%, 03/15/45 | &nbsp;&nbsp; 3710 | 3160218 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 2635 | 2706474 |
| 5.40%, 08/15/34<sup>(c)</sup> | &nbsp;&nbsp; 1405 | 1459552 |
| Lear Corp. |  |  |
| 2.60%, 01/15/32 | &nbsp;&nbsp; 2240 | 2033570 |
| 3.50%, 05/30/30 | &nbsp;&nbsp; 1980 | 1920400 |
| 3.55%, 01/15/52 | &nbsp;&nbsp; 2380 | 1660608 |
| 3.80%, 09/15/27 | &nbsp;&nbsp; 3069 | 3062288 |
| 4.25%, 05/15/29 | &nbsp;&nbsp; 2745 | 2744807 |
| 5.25%, 05/15/49<sup>(c)</sup> | &nbsp;&nbsp; 3470 | 3203833 |
| Magna International, Inc. |  |  |
| 2.45%, 06/15/30 | &nbsp;&nbsp; 2383 | 2232754 |
| 5.05%, 03/14/29 | &nbsp;&nbsp; 3000 | 3089661 |
| 5.50%, 03/21/33 | &nbsp;&nbsp; 2520 | 2650062 |
| 5.88%, 06/01/35 | &nbsp;&nbsp; 585 | 626697 |
|  |  | 58678713 |
| **Banks — 5.3%** | **Banks — 5.3%** | **Banks — 5.3%** |
| Associated Banc-Corp, 6.46%, 08/29/30, <br> (1-day SOFR + 3.03%)<sup>(a)</sup><br>| &nbsp;&nbsp; 495 | 517028 |
| Australia & New Zealand Banking Group <br> Ltd./New York<br>|  |  |
| 3.92%, 09/30/27 | &nbsp;&nbsp; 3675 | 3690780 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.62%, 12/16/29 | &nbsp;&nbsp; $3620 | $3723294 |
| 4.90%, 07/16/27 | &nbsp;&nbsp; 3505 | 3561985 |
| Series A, 3.92%, 12/08/28 | &nbsp;&nbsp; 1975 | 1984710 |
| Series A, 4.36%, 06/18/28 | &nbsp;&nbsp; 2790 | 2828246 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| 4.15%, 03/03/29 | &nbsp;&nbsp; 3600 | 3599949 |
| 5.13%, 03/03/36 | &nbsp;&nbsp; 3600 | 3578761 |
| 5.38%, 03/13/29 | &nbsp;&nbsp; 3520 | 3660950 |
| 6.03%, 03/13/35, (1-year CMT + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 4250 | 4544938 |
| 6.14%, 09/14/28, (1-year CMT + 2.70%)<sup>(a)</sup> | &nbsp;&nbsp; 3740 | 3857858 |
| 7.88%, 11/15/34, (1-year CMT + 3.30%)<sup>(a)</sup> | &nbsp;&nbsp; 3190 | 3718174 |
| Banco Santander SA |  |  |
| 2.75%, 12/03/30 | &nbsp;&nbsp; 5670 | 5215001 |
| 2.96%, 03/25/31 | &nbsp;&nbsp; 3990 | 3728995 |
| 3.23%, 11/22/32, (1-year CMT + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 4860 | 4478364 |
| 3.31%, 06/27/29 | &nbsp;&nbsp; 5082 | 4962635 |
| 3.49%, 05/28/30 | &nbsp;&nbsp; 6773 | 6575562 |
| 3.80%, 02/23/28 | &nbsp;&nbsp; 4464 | 4445910 |
| 4.18%, 03/24/28, (1-year CMT + 2.00%)<sup>(a)</sup> | &nbsp;&nbsp; 5603 | 5605774 |
| 4.25%, 04/11/27 | &nbsp;&nbsp; 6783 | 6795130 |
| 4.38%, 04/12/28 | &nbsp;&nbsp; 5224 | 5254555 |
| 4.55%, 11/06/30 | &nbsp;&nbsp; 2750 | 2771652 |
| 5.13%, 11/06/35 | &nbsp;&nbsp; 5620 | 5651477 |
| 5.29%, 08/18/27 | &nbsp;&nbsp; 6503 | 6618812 |
| 5.37%, 07/15/28, (1-year CMT + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 6990 | 7112925 |
| 5.44%, 07/15/31 | &nbsp;&nbsp; 5810 | 6139288 |
| 5.54%, 03/14/30, (1-year CMT + 1.45%)<sup>(a)</sup> | &nbsp;&nbsp; 3970 | 4120940 |
| 5.55%, 03/14/28, (1-year CMT + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 2200 | 2232340 |
| 5.57%, 01/17/30 | &nbsp;&nbsp; 2690 | 2817458 |
| 5.59%, 08/08/28 | &nbsp;&nbsp; 7220 | 7476987 |
| 6.03%, 01/17/35 | &nbsp;&nbsp; 4090 | 4405151 |
| 6.35%, 03/14/34 | &nbsp;&nbsp; 5460 | 5894254 |
| 6.61%, 11/07/28 | &nbsp;&nbsp; 3630 | 3864887 |
| 6.92%, 08/08/33 | &nbsp;&nbsp; 8805 | 9779148 |
| 6.94%, 11/07/33 | &nbsp;&nbsp; 6550 | 7548073 |
| Bank of America Corp. |  |  |
| 1.90%, 07/23/31, (1-day SOFR + 1.53%)<sup>(a)</sup> | &nbsp;&nbsp; 14195 | 12875076 |
| 1.92%, 10/24/31, (1-day SOFR + 1.37%)<sup>(a)</sup> | &nbsp;&nbsp; 13646 | 12299790 |
| 2.09%, 06/14/29, (1-day SOFR + 1.06%)<sup>(a)</sup> | &nbsp;&nbsp; 13385 | 12821434 |
| 2.30%, 07/21/32, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 17685 | 15939678 |
| 2.48%, 09/21/36, (5-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 10565 | 9333667 |
| 2.50%, 02/13/31, (3-mo. CME Term SOFR <br> + 1.25%)<sup>(a)</sup><br>| &nbsp;&nbsp; 18465 | 17334884 |
| 2.57%, 10/20/32, (1-day SOFR + 1.21%)<sup>(a)</sup> | &nbsp;&nbsp; 13125 | 11943749 |
| 2.59%, 04/29/31, (1-day SOFR + 2.15%)<sup>(a)</sup> | &nbsp;&nbsp; 16079 | 15107157 |
| 2.68%, 06/19/41, (1-day SOFR + 1.93%)<sup>(a)</sup> | &nbsp;&nbsp; 24607 | 18271990 |
| 2.69%, 04/22/32, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 22324 | 20677106 |
| 2.83%, 10/24/51, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 5869 | 3786484 |
| 2.88%, 10/22/30, (3-mo. CME Term SOFR <br> + 1.45%)<sup>(a)</sup><br>| &nbsp;&nbsp; 8198 | 7852535 |
| 2.97%, 02/04/33, (1-day SOFR + 1.33%)<sup>(a)</sup> | &nbsp;&nbsp; 19405 | 17927259 |
| 2.97%, 07/21/52, (1-day SOFR + <br> 1.56%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 10820 | 7147966 |
| 3.19%, 07/23/30, (3-mo. CME Term SOFR <br> + 1.44%)<sup>(a)</sup><br>| &nbsp;&nbsp; 9024 | 8771257 |
| 3.25%, 10/21/27 | &nbsp;&nbsp; 12180 | 12078103 |
| 3.31%, 04/22/42, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 16800 | 13354053 |
| 3.42%, 12/20/28, (3-mo. CME Term SOFR <br> + 1.30%)<sup>(a)</sup><br>| &nbsp;&nbsp; 26392 | 26122735 |
| 3.59%, 07/21/28, (3-mo. CME Term SOFR <br> + 1.63%)<sup>(a)</sup><br>| &nbsp;&nbsp; 9911 | 9853073 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.71%, 04/24/28, (3-mo. CME Term SOFR <br> + 1.77%)<sup>(a)</sup><br>| &nbsp;&nbsp; $10074 | $10040765 |
| 3.85%, 03/08/37, (5-year CMT + 2.00%)<sup>(a)</sup> | &nbsp;&nbsp; 7045 | 6665937 |
| 3.95%, 01/23/49, (3-mo. CME Term SOFR <br> + 1.45%)<sup>(a)</sup><br>| &nbsp;&nbsp; 7050 | 5678091 |
| 3.97%, 03/05/29, (3-mo. CME Term SOFR <br> + 1.33%)<sup>(a)</sup><br>| &nbsp;&nbsp; 12055 | 12046289 |
| 3.97%, 02/07/30, (3-mo. CME Term SOFR <br> + 1.47%)<sup>(a)</sup><br>| &nbsp;&nbsp; 11093 | 11075869 |
| 4.08%, 04/23/40, (3-mo. CME Term SOFR <br> + 1.58%)<sup>(a)</sup><br>| &nbsp;&nbsp; 7309 | 6569479 |
| 4.08%, 03/20/51, (3-mo. CME Term SOFR <br> + 3.41%)<sup>(a)</sup><br>| &nbsp;&nbsp; 24655 | 19986515 |
| 4.24%, 04/24/38, (3-mo. CME Term SOFR <br> + 2.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; 10183 | 9535103 |
| 4.27%, 07/23/29, (3-mo. CME Term SOFR <br> + 1.57%)<sup>(a)</sup><br>| &nbsp;&nbsp; 11244 | 11305786 |
| 4.33%, 03/15/50, (3-mo. CME Term SOFR <br> + 1.78%)<sup>(a)</sup><br>| &nbsp;&nbsp; 12651 | 10726901 |
| 4.38%, 04/27/28, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 10616 | 10662427 |
| 4.44%, 01/20/48, (3-mo. CME Term SOFR <br> + 2.25%)<sup>(a)</sup><br>| &nbsp;&nbsp; 10370 | 9090844 |
| 4.46%, 02/06/32, (1-day SOFR + 0.87%)<sup>(a)</sup> | &nbsp;&nbsp; 12900 | 12993664 |
| 4.57%, 04/27/33, (1-day SOFR + 1.83%)<sup>(a)</sup> | &nbsp;&nbsp; 20105 | 20197025 |
| 4.62%, 05/09/29, (1-day SOFR + 1.11%)<sup>(a)</sup> | &nbsp;&nbsp; 13345 | 13528991 |
| 4.88%, 04/01/44 | &nbsp;&nbsp; 3203 | 3090390 |
| 4.95%, 07/22/28, (1-day SOFR + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 12855 | 13013878 |
| 4.98%, 01/24/29, (1-day SOFR + 0.83%)<sup>(a)</sup> | &nbsp;&nbsp; 12465 | 12683691 |
| 5.00%, 01/21/44 | &nbsp;&nbsp; 10500 | 10202428 |
| 5.02%, 07/22/33, (1-day SOFR + 2.16%)<sup>(a)</sup> | &nbsp;&nbsp; 21100 | 21693412 |
| 5.05%, 02/06/37, (1-day SOFR + 1.13%)<sup>(a)</sup> | &nbsp;&nbsp; 15600 | 15820160 |
| 5.16%, 01/24/31, (1-day SOFR + 1.00%)<sup>(a)</sup> | &nbsp;&nbsp; 12470 | 12940802 |
| 5.20%, 04/25/29, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 9350 | 9578933 |
| 5.29%, 04/25/34, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 28060 | 29131168 |
| 5.43%, 08/15/35, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 11320 | 11589574 |
| 5.46%, 05/09/36, (1-day SOFR + 1.64%)<sup>(a)</sup> | &nbsp;&nbsp; 13365 | 13999864 |
| 5.47%, 01/23/35, (1-day SOFR + 1.65%)<sup>(a)</sup> | &nbsp;&nbsp; 23900 | 25047983 |
| 5.51%, 01/24/36, (1-day SOFR + 1.31%)<sup>(a)</sup> | &nbsp;&nbsp; 16565 | 17364145 |
| 5.52%, 10/25/35, (1-day SOFR + 1.74%)<sup>(a)</sup> | &nbsp;&nbsp; 16780 | 17230715 |
| 5.74%, 02/12/36, (1-day SOFR + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 13330 | 13929022 |
| 5.82%, 09/15/29, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 16185 | 16877546 |
| 5.87%, 09/15/34, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 17440 | 18710264 |
| 5.88%, 02/07/42 | &nbsp;&nbsp; 8112 | 8724388 |
| 6.11%, 01/29/37 | &nbsp;&nbsp; 6152 | 6646968 |
| 6.20%, 11/10/28, (1-day SOFR + 1.99%)<sup>(a)</sup> | &nbsp;&nbsp; 10989 | 11380740 |
| 7.75%, 05/14/38 | &nbsp;&nbsp; 8024 | 9831926 |
| Series L, 4.18%, 11/25/27 | &nbsp;&nbsp; 8753 | 8763481 |
| Series L, 4.75%, 04/21/45<sup>(c)</sup> | &nbsp;&nbsp; 3347 | 3068194 |
| Series N, 2.65%, 03/11/32, (1-day SOFR + <br> 1.22%)<sup>(a)</sup><br>| &nbsp;&nbsp; 11551 | 10716169 |
| Series N, 3.48%, 03/13/52, (1-day SOFR + <br> 1.65%)<sup>(a)</sup><br>| &nbsp;&nbsp; 6160 | 4488160 |
| Bank of America N.A., 6.00%, 10/15/36 | &nbsp;&nbsp; 6488 | 7038403 |
| Bank of Montreal |  |  |
| 2.65%, 03/08/27 | &nbsp;&nbsp; 6030 | 5965459 |
| 3.09%, 01/10/37, (5-year CMT + 1.40%)<sup>(a)</sup> | &nbsp;&nbsp; 4400 | 4015871 |
| 3.80%, 12/15/32, (5-year USD Swap + <br> 1.43%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5556 | 5507325 |
| 4.06%, 09/22/28, (1-day SOFR Index + <br> 0.75%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 5145 | 5156918 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.35%, 09/22/31, (1-day SOFR Index + <br> 1.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; $5645 | $5681009 |
| 4.64%, 09/10/30, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 3485 | 3547751 |
| 5.00%, 01/27/29, (1-day SOFR Index + <br> 0.67%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3630 | 3701339 |
| 5.20%, 02/01/28 | &nbsp;&nbsp; 6535 | 6699062 |
| 5.37%, 06/04/27 | &nbsp;&nbsp; 3795 | 3866682 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 7695 | 8149332 |
| 5.72%, 09/25/28 | &nbsp;&nbsp; 4980 | 5191073 |
| Series H, 4.70%, 09/14/27 | &nbsp;&nbsp; 4780 | 4839429 |
| Series J, 4.44%, 01/14/32, (1-day SOFR + <br> 0.97%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2965 | 2981585 |
| Bank of New York Mellon Corp.(The) |  |  |
| 1.65%, 07/14/28 | &nbsp;&nbsp; 2630 | 2515398 |
| 1.65%, 01/28/31 | &nbsp;&nbsp; 3597 | 3233020 |
| 1.80%, 07/28/31 | &nbsp;&nbsp; 3515 | 3124683 |
| 2.50%, 01/26/32 | &nbsp;&nbsp; 2705 | 2477344 |
| 3.00%, 10/30/28 | &nbsp;&nbsp; 2799 | 2731491 |
| 3.25%, 05/16/27 | &nbsp;&nbsp; 5247 | 5224142 |
| 3.30%, 08/23/29 | &nbsp;&nbsp; 4454 | 4353422 |
| 3.40%, 01/29/28 | &nbsp;&nbsp; 4639 | 4613835 |
| 3.85%, 04/28/28 | &nbsp;&nbsp; 5035 | 5053758 |
| 3.85%, 04/26/29<sup>(c)</sup> | &nbsp;&nbsp; 3090 | 3098607 |
| 3.99%, 06/13/28, (1-day SOFR + 1.15%)<sup>(a)</sup> | &nbsp;&nbsp; 3587 | 3593016 |
| 4.03%, 01/22/30, (1-day SOFR + 0.63%)<sup>(a)</sup> | &nbsp;&nbsp; 3580 | 3585301 |
| 4.29%, 06/13/33, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 3822 | 3792960 |
| 4.44%, 06/09/28, (1-day SOFR + 0.68%)<sup>(a)</sup> | &nbsp;&nbsp; 3080 | 3102271 |
| 4.54%, 02/01/29, (1-day SOFR + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 4165 | 4211854 |
| 4.60%, 07/26/30, (1-day SOFR + 1.76%)<sup>(a)</sup> | &nbsp;&nbsp; 2355 | 2402808 |
| 4.71%, 02/01/34, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 4030 | 4079154 |
| 4.73%, 04/20/29, (1-day SOFR + 1.14%)<sup>(a)</sup> | &nbsp;&nbsp; 2740 | 2785434 |
| 4.89%, 07/21/28, (1-day SOFR + 0.84%)<sup>(a)</sup> | &nbsp;&nbsp; 3965 | 4022335 |
| 4.94%, 02/11/31, (1-day SOFR + 0.89%)<sup>(a)</sup> | &nbsp;&nbsp; 4185 | 4315528 |
| 4.97%, 04/26/34, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 4845 | 4969660 |
| 4.98%, 03/14/30, (1-day SOFR + 1.09%)<sup>(a)</sup> | &nbsp;&nbsp; 5070 | 5217691 |
| 5.06%, 07/22/32, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 5870 | 6106111 |
| 5.19%, 03/14/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 5480 | 5701316 |
| 5.23%, 11/20/35, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 4015 | 4174683 |
| 5.32%, 06/06/36, (1-day SOFR + 1.35%)<sup>(a)</sup> | &nbsp;&nbsp; 3640 | 3793340 |
| 5.61%, 07/21/39, (1-day SOFR + 1.77%)<sup>(a)</sup> | &nbsp;&nbsp; 2490 | 2622181 |
| 5.80%, 10/25/28, (1-day SOFR Index + <br> 1.80%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5209 | 5370753 |
| 5.83%, 10/25/33, (1-day SOFR Index + <br> 2.07%)<sup>(a)</sup><br>| &nbsp;&nbsp; 7305 | 7907972 |
| 6.32%, 10/25/29, (1-day SOFR + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 5475 | 5794093 |
| 6.47%, 10/25/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 6020 | 6751176 |
| Series J, 1.90%, 01/25/29 | &nbsp;&nbsp; 2733 | 2593475 |
| Bank of Nova Scotia(The) |  |  |
| 2.15%, 08/01/31 | &nbsp;&nbsp; 3966 | 3580463 |
| 2.45%, 02/02/32 | &nbsp;&nbsp; 4845 | 4384505 |
| 2.95%, 03/11/27 | &nbsp;&nbsp; 3720 | 3691250 |
| 4.04%, 09/15/28, (1-day SOFR + <br> 0.76%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 3675 | 3679005 |
| 4.25%, 02/02/30, (1-day SOFR + 0.73%)<sup>(a)</sup> | &nbsp;&nbsp; 4230 | 4252781 |
| 4.34%, 09/15/31, (1-day SOFR + 1.09%)<sup>(a)</sup> | &nbsp;&nbsp; 3685 | 3695434 |
| 4.40%, 09/08/28, (1-day SOFR + 1.00%)<sup>(a)</sup> | &nbsp;&nbsp; 3880 | 3904432 |
| 4.59%, 05/04/37, (5-year CMT + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; 5957 | 5854288 |
| 4.74%, 11/10/32, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 2770 | 2817015 |
| 4.81%, 02/02/34, (1-day SOFR + 1.05%)<sup>(a)</sup> | &nbsp;&nbsp; 4030 | 4076489 |
| 4.85%, 02/01/30 | &nbsp;&nbsp; 7295 | 7506870 |
| 4.93%, 02/14/29, (1-day SOFR + 0.89%)<sup>(a)</sup> | &nbsp;&nbsp; 5300 | 5395097 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.13%, 02/14/31, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; $4110 | $4256587 |
| 5.25%, 06/12/28 | &nbsp;&nbsp; 4649 | 4788246 |
| 5.40%, 06/04/27 | &nbsp;&nbsp; 4430 | 4518153 |
| 5.45%, 08/01/29 | &nbsp;&nbsp; 3970 | 4156711 |
| 5.65%, 02/01/34 | &nbsp;&nbsp; 4220 | 4512472 |
| BankUnited, Inc., 5.13%, 06/11/30 | &nbsp;&nbsp; 1359 | 1374487 |
| Barclays PLC |  |  |
| 2.65%, 06/24/31, (1-year CMT + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 4149 | 3875281 |
| 2.67%, 03/10/32, (1-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 4935 | 4538857 |
| 2.89%, 11/24/32, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 6213 | 5691200 |
| 3.33%, 11/24/42, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 6660 | 5186511 |
| 3.56%, 09/23/35, (5-year CMT + 2.90%)<sup>(a)</sup> | &nbsp;&nbsp; 5005 | 4763822 |
| 3.81%, 03/10/42, (1-year CMT + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 4598 | 3732574 |
| 4.22%, 05/24/30, (1-day SOFR + 0.93%)<sup>(a)</sup> | &nbsp;&nbsp; 4990 | 4989768 |
| 4.34%, 01/10/28 | &nbsp;&nbsp; 7395 | 7412174 |
| 4.48%, 11/11/29, (1-day SOFR + 1.08%)<sup>(a)</sup> | &nbsp;&nbsp; 6620 | 6670263 |
| 4.52%, 02/24/32, (1-day SOFR + 1.14%)<sup>(a)</sup> | &nbsp;&nbsp; 5050 | 5055846 |
| 4.84%, 05/09/28 | &nbsp;&nbsp; 10018 | 10093518 |
| 4.84%, 09/10/28, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 2250 | 2273726 |
| 4.94%, 09/10/30, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 6070 | 6202871 |
| 4.95%, 01/10/47 | &nbsp;&nbsp; 7975 | 7437938 |
| 4.97%, 05/16/29, (3-mo. SOFR US + <br> 2.16%)<sup>(a)</sup><br>| &nbsp;&nbsp; 8730 | 8879831 |
| 5.09%, 02/25/29, (1-day SOFR + 0.96%)<sup>(a)</sup> | &nbsp;&nbsp; 7350 | 7485063 |
| 5.09%, 06/20/30, (3-mo. SOFR US + <br> 3.32%)<sup>(a)</sup><br>| &nbsp;&nbsp; 6803 | 6936047 |
| 5.21%, 02/24/37, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 5300 | 5291056 |
| 5.25%, 08/17/45 | &nbsp;&nbsp; 7808 | 7613804 |
| 5.34%, 09/10/35, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 9250 | 9457568 |
| 5.37%, 02/25/31, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 10535 | 10932525 |
| 5.50%, 08/09/28, (1-year CMT + 2.65%)<sup>(a)</sup> | &nbsp;&nbsp; 9190 | 9366038 |
| 5.67%, 03/12/28, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 4730 | 4804423 |
| 5.69%, 03/12/30, (1-day SOFR + 1.74%)<sup>(a)</sup> | &nbsp;&nbsp; 7200 | 7502622 |
| 5.75%, 08/09/33, (1-year CMT + 3.00%)<sup>(a)</sup> | &nbsp;&nbsp; 4545 | 4808503 |
| 5.79%, 02/25/36, (1-day SOFR + 1.59%)<sup>(a)</sup> | &nbsp;&nbsp; 9460 | 9907069 |
| 5.86%, 08/11/46, (1-day SOFR + 1.83%)<sup>(a)</sup> | &nbsp;&nbsp; 5670 | 5835532 |
| 6.04%, 03/12/55, (1-day SOFR + <br> 2.42%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 1950 | 2089301 |
| 6.22%, 05/09/34, (1-day SOFR + 2.98%)<sup>(a)</sup> | &nbsp;&nbsp; 8165 | 8824265 |
| 6.49%, 09/13/29, (1-day SOFR + 2.22%)<sup>(a)</sup> | &nbsp;&nbsp; 3335 | 3520232 |
| 6.69%, 09/13/34, (1-day SOFR + 2.62%)<sup>(a)</sup> | &nbsp;&nbsp; 6260 | 6949151 |
| 7.12%, 06/27/34, (1-day SOFR + 3.57%)<sup>(a)</sup> | &nbsp;&nbsp; 6895 | 7738262 |
| 7.39%, 11/02/28, (1-year CMT + 3.30%)<sup>(a)</sup> | &nbsp;&nbsp; 6116 | 6435709 |
| 7.44%, 11/02/33, (1-year CMT + 3.50%)<sup>(a)</sup> | &nbsp;&nbsp; 9015 | 10344437 |
| Blackstone Reg Finance Co. LLC |  |  |
| 4.30%, 11/03/30 | &nbsp;&nbsp; 2725 | 2719317 |
| 4.95%, 02/15/36<sup>(c)</sup> | &nbsp;&nbsp; 2855 | 2826238 |
| 5.00%, 12/06/34 | &nbsp;&nbsp; 2205 | 2207740 |
| BOKF N.A., 6.11%, 11/06/40, (5-year CMT + <br> 2.00%)<sup>(a)</sup><br>| &nbsp;&nbsp; 90 | 94155 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.45%, 04/07/27 | &nbsp;&nbsp; 4585 | 4570217 |
| 3.60%, 04/07/32 | &nbsp;&nbsp; 5145 | 4951116 |
| 4.24%, 09/08/28, (1-day SOFR Index + <br> 0.60%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3330 | 3345826 |
| 4.28%, 01/29/30, (1-day SOFR Index + <br> 0.79%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5065 | 5095424 |
| 4.58%, 09/08/31, (1-day SOFR Index + <br> 1.17%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5325 | 5403008 |
| 4.63%, 09/11/30, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 3375 | 3432609 |
| 4.86%, 03/30/29, (1-day SOFR + 1.03%)<sup>(a)</sup> | &nbsp;&nbsp; 4795 | 4878841 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.00%, 04/28/28 | &nbsp;&nbsp; $5635 | $5764762 |
| 5.24%, 06/28/27 | &nbsp;&nbsp; 3685 | 3752312 |
| 5.25%, 01/13/31, (1-day SOFR + 1.11%)<sup>(a)</sup> | &nbsp;&nbsp; 4025 | 4176670 |
| 5.26%, 04/08/29 | &nbsp;&nbsp; 5300 | 5496765 |
| 5.99%, 10/03/28 | &nbsp;&nbsp; 3825 | 4012935 |
| 6.09%, 10/03/33 | &nbsp;&nbsp; 5200 | 5698928 |
| Capital One NA |  |  |
| 2.70%, 02/06/30 | &nbsp;&nbsp; 3438 | 3268415 |
| 4.65%, 09/13/28 | &nbsp;&nbsp; 4397 | 4465618 |
| Citibank N.A. |  |  |
| 4.58%, 05/29/27 | &nbsp;&nbsp; 11830 | 11935059 |
| 4.84%, 08/06/29 | &nbsp;&nbsp; 8990 | 9234885 |
| 4.91%, 05/29/30 | &nbsp;&nbsp; 8885 | 9168891 |
| 5.57%, 04/30/34 | &nbsp;&nbsp; 6840 | 7269540 |
| 5.80%, 09/29/28 | &nbsp;&nbsp; 7415 | 7762450 |
| Citigroup, Inc. |  |  |
| 2.52%, 11/03/32, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 10960 | 9914249 |
| 2.56%, 05/01/32, (1-day SOFR + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 18330 | 16786230 |
| 2.57%, 06/03/31, (1-day SOFR + 2.11%)<sup>(a)</sup> | &nbsp;&nbsp; 19010 | 17768562 |
| 2.67%, 01/29/31, (1-day SOFR + 1.15%)<sup>(a)</sup> | &nbsp;&nbsp; 11552 | 10903420 |
| 2.90%, 11/03/42, (1-day SOFR + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 7305 | 5436108 |
| 2.98%, 11/05/30, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 10017 | 9599228 |
| 3.06%, 01/25/33, (1-day SOFR + 1.35%)<sup>(a)</sup> | &nbsp;&nbsp; 15610 | 14439496 |
| 3.52%, 10/27/28, (3-mo. CME Term SOFR <br> + 1.41%)<sup>(a)</sup><br>| &nbsp;&nbsp; 11823 | 11731433 |
| 3.67%, 07/24/28, (3-mo. CME Term SOFR <br> + 1.65%)<sup>(a)</sup><br>| &nbsp;&nbsp; 10440 | 10389485 |
| 3.79%, 03/17/33, (1-day SOFR + 1.94%)<sup>(a)</sup> | &nbsp;&nbsp; 13010 | 12494328 |
| 3.88%, 01/24/39, (3-mo. CME Term SOFR <br> + 1.43%)<sup>(a)</sup><br>| &nbsp;&nbsp; 6006 | 5353213 |
| 3.98%, 03/20/30, (3-mo. CME Term SOFR <br> + 1.60%)<sup>(a)</sup><br>| &nbsp;&nbsp; 10049 | 10015127 |
| 4.08%, 04/23/29, (3-mo. CME Term SOFR <br> + 1.45%)<sup>(a)</sup><br>| &nbsp;&nbsp; 10016 | 10021237 |
| 4.13%, 07/25/28 | &nbsp;&nbsp; 9279 | 9290613 |
| 4.28%, 04/24/48, (3-mo. CME Term SOFR <br> + 2.10%)<sup>(a)</sup><br>| &nbsp;&nbsp; 6529 | 5594161 |
| 4.41%, 03/31/31, (1-day SOFR + 3.91%)<sup>(a)</sup> | &nbsp;&nbsp; 16159 | 16238548 |
| 4.45%, 09/29/27 | &nbsp;&nbsp; 16137 | 16232107 |
| 4.50%, 09/11/31, (1-day SOFR + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 14495 | 14610054 |
| 4.54%, 09/19/30, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 13310 | 13464292 |
| 4.64%, 05/07/28, (1-day SOFR + 1.14%)<sup>(a)</sup> | &nbsp;&nbsp; 10965 | 11041561 |
| 4.65%, 07/30/45 | &nbsp;&nbsp; 6435 | 5873792 |
| 4.65%, 07/23/48 | &nbsp;&nbsp; 11598 | 10353425 |
| 4.66%, 05/24/28, (1-day SOFR + 1.89%)<sup>(a)</sup> | &nbsp;&nbsp; 5370 | 5408641 |
| 4.75%, 05/18/46 | &nbsp;&nbsp; 9753 | 8679565 |
| 4.79%, 03/04/29, (1-day SOFR + 0.87%)<sup>(a)</sup> | &nbsp;&nbsp; 8695 | 8821738 |
| 4.91%, 05/24/33, (1-day SOFR + 2.09%)<sup>(a)</sup> | &nbsp;&nbsp; 6130 | 6242523 |
| 4.95%, 05/07/31, (1-day SOFR + 1.46%)<sup>(a)</sup> | &nbsp;&nbsp; 9395 | 9648972 |
| 5.17%, 02/13/30, (1-day SOFR + 1.36%)<sup>(a)</sup> | &nbsp;&nbsp; 10425 | 10739394 |
| 5.17%, 09/11/36, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 17350 | 17642379 |
| 5.30%, 05/06/44 | &nbsp;&nbsp; 5505 | 5339323 |
| 5.32%, 03/26/41, (1-day SOFR + 4.55%)<sup>(a)</sup> | &nbsp;&nbsp; 8072 | 8100998 |
| 5.33%, 03/27/36, (1-day SOFR + 1.47%)<sup>(a)</sup> | &nbsp;&nbsp; 16010 | 16494656 |
| 5.41%, 09/19/39, (5-year CMT + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 3210 | 3228354 |
| 5.45%, 06/11/35, (1-day SOFR + 1.45%)<sup>(a)</sup> | &nbsp;&nbsp; 12740 | 13270334 |
| 5.59%, 11/19/34, (5-year CMT + 1.28%)<sup>(a)</sup> | &nbsp;&nbsp; 1720 | 1773260 |
| 5.61%, 03/04/56, (1-day SOFR + 1.75%)<sup>(a)</sup> | &nbsp;&nbsp; 7525 | 7557144 |
| 5.83%, 02/13/35, (1-day SOFR + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 9835 | 10241147 |
| 5.88%, 02/22/33 | &nbsp;&nbsp; 2912 | 3131049 |
| 5.88%, 01/30/42 | &nbsp;&nbsp; 6404 | 6772418 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.00%, 10/31/33 | &nbsp;&nbsp; $8510 | $9164735 |
| 6.02%, 01/24/36, (1-day SOFR + 1.83%)<sup>(a)</sup> | &nbsp;&nbsp; 8125 | 8526216 |
| 6.13%, 08/25/36 | &nbsp;&nbsp; 4118 | 4409108 |
| 6.17%, 05/25/34, (1-day SOFR + 2.66%)<sup>(a)</sup> | &nbsp;&nbsp; 9040 | 9650672 |
| 6.27%, 11/17/33, (1-day SOFR + 2.34%)<sup>(a)</sup> | &nbsp;&nbsp; 13070 | 14337244 |
| 6.63%, 01/15/28 | &nbsp;&nbsp; 5627 | 5910707 |
| 6.63%, 06/15/32 | &nbsp;&nbsp; 6105 | 6790867 |
| 6.68%, 09/13/43 | &nbsp;&nbsp; 5834 | 6581556 |
| 8.13%, 07/15/39 | &nbsp;&nbsp; 9923 | 12773461 |
| Citizens Bank NA, 4.58%, 08/09/28, (1-day <br> SOFR + 2.00%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3978 | 4009919 |
| Citizens Bank NA/Providence RI, 4.19%, <br> 01/29/29, (1-day SOFR + 0.70%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2020 | 2022201 |
| Citizens Financial Group, Inc. |  |  |
| 2.50%, 02/06/30 | &nbsp;&nbsp; 1601 | 1504145 |
| 2.64%, 09/30/32 | &nbsp;&nbsp; 2942 | 2585791 |
| 3.25%, 04/30/30 | &nbsp;&nbsp; 5083 | 4887149 |
| 5.25%, 03/05/31, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 3120 | 3217564 |
| 5.30%, 01/29/36, (5-year CMT + 1.45%)<sup>(a)</sup> | &nbsp;&nbsp; 395 | 399885 |
| 5.64%, 05/21/37, (5-year CMT + 2.75%)<sup>(a)</sup> | &nbsp;&nbsp; 1780 | 1828183 |
| 5.72%, 07/23/32, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 6265 | 6600070 |
| 5.84%, 01/23/30, (1-day SOFR + 2.01%)<sup>(a)</sup> | &nbsp;&nbsp; 1070 | 1118524 |
| 6.65%, 04/25/35, (1-day SOFR + 2.33%)<sup>(a)</sup> | &nbsp;&nbsp; 3305 | 3655217 |
| Commonwealth Bank of Australia, 4.15%, <br> 10/01/30<br>| &nbsp;&nbsp; 2765 | 2792186 |
| Commonwealth Bank of Australia/New York, <br> 4.42%, 03/14/28<br>| &nbsp;&nbsp; 3780 | 3834927 |
| Cooperatieve Rabobank UA |  |  |
| 5.25%, 05/24/41 | &nbsp;&nbsp; 7901 | 7999810 |
| 5.25%, 08/04/45 | &nbsp;&nbsp; 6005 | 5737260 |
| 5.75%, 12/01/43 | &nbsp;&nbsp; 6020 | 6129780 |
| Cooperatieve Rabobank UA/NY |  |  |
| 3.74%, 01/14/28 | &nbsp;&nbsp; 2290 | 2292508 |
| 3.96%, 10/17/28 | &nbsp;&nbsp; 2700 | 2715827 |
| 4.16%, 01/14/31 | &nbsp;&nbsp; 1810 | 1822422 |
| 4.37%, 05/27/27 | &nbsp;&nbsp; 2730 | 2753904 |
| 4.49%, 10/17/29 | &nbsp;&nbsp; 4180 | 4273562 |
| 4.80%, 01/09/29 | &nbsp;&nbsp; 1560 | 1602313 |
| 4.88%, 01/21/28 | &nbsp;&nbsp; 2620 | 2679860 |
| 5.04%, 03/05/27 | &nbsp;&nbsp; 3490 | 3536359 |
| Deutsche Bank AG/New York NY |  |  |
| 3.04%, 05/28/32, (1-day SOFR + 1.72%)<sup>(a)</sup> | &nbsp;&nbsp; 3354 | 3108489 |
| 3.55%, 09/18/31, (1-day SOFR + 3.04%)<sup>(a)</sup> | &nbsp;&nbsp; 7897 | 7583924 |
| 3.73%, 01/14/32, (1-day SOFR + 2.76%)<sup>(a)</sup> | &nbsp;&nbsp; 6225 | 5924496 |
| 3.74%, 01/07/33, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 5875 | 5499914 |
| 4.47%, 12/10/31, (1-day SOFR + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 1665 | 1674669 |
| 4.73%, 02/06/32, (1-day SOFR + <br> 1.14%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 4540 | 4577714 |
| 4.88%, 12/01/32, (5-year USD ICE Swap + <br> 2.55%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4215 | 4227668 |
| 4.95%, 08/04/31, (1-day SOFR + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 5560 | 5662539 |
| 5.00%, 09/11/30, (1-day SOFR + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 5260 | 5371018 |
| 5.30%, 05/09/31, (1-day SOFR + 1.72%)<sup>(a)</sup> | &nbsp;&nbsp; 4140 | 4275132 |
| 5.37%, 09/09/27 | &nbsp;&nbsp; 3939 | 4038845 |
| 5.37%, 01/10/29, (1-day SOFR + 1.21%)<sup>(a)</sup> | &nbsp;&nbsp; 3600 | 3678305 |
| 5.40%, 09/11/35, (1-day SOFR + <br> 2.05%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 6205 | 6358726 |
| 5.41%, 05/10/29 | &nbsp;&nbsp; 4615 | 4811415 |
| 5.88%, 07/08/31, (1-day SOFR + 5.44%)<sup>(a)</sup> | &nbsp;&nbsp; 910 | 947506 |
| 6.72%, 01/18/29, (1-day SOFR + 3.18%)<sup>(a)</sup> | &nbsp;&nbsp; 5735 | 5995098 |
| 6.82%, 11/20/29, (1-day SOFR + 2.51%)<sup>(a)</sup> | &nbsp;&nbsp; 6800 | 7241463 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 7.08%, 02/10/34, (1-day SOFR + 3.65%)<sup>(a)</sup> | &nbsp;&nbsp; $6350 | $6985266 |
| Fifth Third Bancorp |  |  |
| 2.55%, 05/05/27 | &nbsp;&nbsp; 4264 | 4199366 |
| 3.95%, 03/14/28 | &nbsp;&nbsp; 4705 | 4705928 |
| 4.06%, 04/25/28, (1-day SOFR + 1.36%)<sup>(a)</sup> | &nbsp;&nbsp; 2148 | 2147104 |
| 4.34%, 04/25/33, (1-day SOFR + 1.66%)<sup>(a)</sup> | &nbsp;&nbsp; 2481 | 2451909 |
| 4.57%, 04/29/32, (1-day SOFR + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 2715 | 2730230 |
| 4.77%, 07/28/30, (1-day SOFR + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 5715 | 5807925 |
| 4.90%, 09/06/30, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 3900 | 3980587 |
| 5.14%, 01/29/37, (1-day SOFR + 1.24%)<sup>(a)</sup> | &nbsp;&nbsp; 2480 | 2484749 |
| 5.63%, 01/29/32, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 6270 | 6607397 |
| 6.34%, 07/27/29, (1-day SOFR + 2.34%)<sup>(a)</sup> | &nbsp;&nbsp; 3400 | 3575236 |
| 6.36%, 10/27/28, (1-day SOFR Index + <br> 2.19%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5765 | 5983297 |
| 8.25%, 03/01/38 | &nbsp;&nbsp; 5257 | 6513371 |
| Fifth Third Bank N.A., 5.33%, 08/25/33, (1-day <br> SOFR + 2.61%)<sup>(a)</sup><br>| &nbsp;&nbsp; 1895 | 1947722 |
| Fifth Third Financial Corp. |  |  |
| 4.00%, 02/01/29 | &nbsp;&nbsp; 3731 | 3728362 |
| 5.98%, 01/30/30, (1-day SOFR + 2.16%)<sup>(a)</sup> | &nbsp;&nbsp; 3880 | 4066838 |
| First Citizens BancShares Inc/NC, 4.87%, <br> 03/03/32, (1-day SOFR + 1.49%)<sup>(a)</sup><br>| &nbsp;&nbsp; 1650 | 1644490 |
| First Citizens BancShares, Inc. |  |  |
| 5.23%, 03/12/31, (1-day SOFR + 1.41%)<sup>(a)</sup> | &nbsp;&nbsp; 250 | 253715 |
| 5.60%, 09/05/35, (5-year CMT + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10052 |
| 6.25%, 03/12/40, (5-year CMT + 1.97%)<sup>(a)</sup> | &nbsp;&nbsp; 205 | 208709 |
| First Horizon Bank, 5.75%, 05/01/30 | &nbsp;&nbsp; 1636 | 1700888 |
| First-Citizens Bank & Trust Co., 6.13%, <br> 03/09/28<br>| &nbsp;&nbsp; 1940 | 2005812 |
| FNB Corp., 5.72%, 12/11/30, (1-day SOFR <br> Index + 1.93%)<sup>(a)</sup><br>| &nbsp;&nbsp; 655 | 673571 |
| Goldman Sachs Capital I, 6.35%, 02/15/34 | &nbsp;&nbsp; 6723 | 7232343 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 1.99%, 01/27/32, (1-day SOFR + 1.09%)<sup>(a)</sup> | &nbsp;&nbsp; 16805 | 15034035 |
| 2.38%, 07/21/32, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 13737 | 12387101 |
| 2.60%, 02/07/30 | &nbsp;&nbsp; 11841 | 11194957 |
| 2.62%, 04/22/32, (1-day SOFR + 1.28%)<sup>(a)</sup> | &nbsp;&nbsp; 16850 | 15471700 |
| 2.65%, 10/21/32, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 14465 | 13163785 |
| 2.91%, 07/21/42, (1-day SOFR + 1.47%)<sup>(a)</sup> | &nbsp;&nbsp; 7385 | 5461391 |
| 3.10%, 02/24/33, (1-day SOFR + 1.41%)<sup>(a)</sup> | &nbsp;&nbsp; 26015 | 24120626 |
| 3.21%, 04/22/42, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 10603 | 8169175 |
| 3.44%, 02/24/43, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 10230 | 8020722 |
| 3.62%, 03/15/28, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 16638 | 16557854 |
| 3.69%, 06/05/28, (3-mo. CME Term SOFR <br> + 1.77%)<sup>(a)</sup><br>| &nbsp;&nbsp; 12092 | 12039416 |
| 3.80%, 03/15/30 | &nbsp;&nbsp; 10257 | 10151653 |
| 3.81%, 04/23/29, (3-mo. CME Term SOFR <br> + 1.42%)<sup>(a)</sup><br>| &nbsp;&nbsp; 12119 | 12048395 |
| 4.02%, 10/31/38, (3-mo. CME Term SOFR <br> + 1.63%)<sup>(a)</sup><br>| &nbsp;&nbsp; 13521 | 12218628 |
| 4.15%, 01/21/29, (1-day SOFR + 0.71%)<sup>(a)</sup> | &nbsp;&nbsp; 26910 | 26917867 |
| 4.15%, 10/21/29, (1-day SOFR + 0.90%)<sup>(a)</sup> | &nbsp;&nbsp; 11705 | 11710277 |
| 4.22%, 05/01/29, (3-mo. CME Term SOFR <br> + 1.56%)<sup>(a)</sup><br>| &nbsp;&nbsp; 15426 | 15464458 |
| 4.37%, 10/21/31, (1-day SOFR + 1.06%)<sup>(a)</sup> | &nbsp;&nbsp; 11985 | 11985066 |
| 4.41%, 04/23/39, (3-mo. CME Term SOFR <br> + 1.69%)<sup>(a)</sup><br>| &nbsp;&nbsp; 8153 | 7584096 |
| 4.48%, 08/23/28, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 11855 | 11930156 |
| 4.52%, 01/21/32, (1-day SOFR + 0.96%)<sup>(a)</sup> | &nbsp;&nbsp; 26400 | 26560502 |
| 4.69%, 10/23/30, (1-day SOFR + 1.14%)<sup>(a)</sup> | &nbsp;&nbsp; 8190 | 8317132 |
| 4.75%, 10/21/45 | &nbsp;&nbsp; 10514 | 9528238 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.80%, 07/08/44 | &nbsp;&nbsp; $8204 | $7575459 |
| 4.94%, 04/23/28, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 4755 | 4800485 |
| 4.94%, 10/21/36, (1-day SOFR + 1.33%)<sup>(a)</sup> | &nbsp;&nbsp; 12900 | 12842869 |
| 5.02%, 10/23/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 15905 | 16084973 |
| 5.05%, 07/23/30, (1-day SOFR + 1.21%)<sup>(a)</sup> | &nbsp;&nbsp; 19000 | 19486205 |
| 5.07%, 01/21/37, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 19160 | 19289272 |
| 5.15%, 05/22/45 | &nbsp;&nbsp; 10212 | 9605878 |
| 5.21%, 01/28/31, (1-day SOFR + 1.08%)<sup>(a)</sup> | &nbsp;&nbsp; 8195 | 8486360 |
| 5.22%, 04/23/31, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 11710 | 12124261 |
| 5.33%, 07/23/35, (1-day SOFR + 1.55%)<sup>(a)</sup> | &nbsp;&nbsp; 14170 | 14593107 |
| 5.39%, 02/02/41, (5-year CMT + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 9975 | 9901954 |
| 5.54%, 01/28/36, (1-day SOFR + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 15770 | 16497843 |
| 5.54%, 01/21/47, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 27010 | 26869287 |
| 5.56%, 11/19/45, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 6190 | 6199570 |
| 5.73%, 04/25/30, (1-day SOFR + 1.27%)<sup>(a)</sup> | &nbsp;&nbsp; 10866 | 11351278 |
| 5.73%, 01/28/56, (1-day SOFR + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 15650 | 15870398 |
| 5.85%, 04/25/35, (1-day SOFR + 1.55%)<sup>(a)</sup> | &nbsp;&nbsp; 14500 | 15469914 |
| 6.13%, 02/15/33 | &nbsp;&nbsp; 9548 | 10457944 |
| 6.25%, 02/01/41 | &nbsp;&nbsp; 12390 | 13546938 |
| 6.45%, 05/01/36 | &nbsp;&nbsp; 4509 | 4967302 |
| 6.48%, 10/24/29, (1-day SOFR + 1.77%)<sup>(a)</sup> | &nbsp;&nbsp; 13190 | 13964039 |
| 6.56%, 10/24/34, (1-day SOFR + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 4295 | 4787643 |
| 6.75%, 10/01/37 | &nbsp;&nbsp; 23701 | 26560908 |
| HSBC Bank USA N.A |  |  |
| 5.63%, 08/15/35 | &nbsp;&nbsp; 1915 | 2012006 |
| 5.88%, 11/01/34 | &nbsp;&nbsp; 2545 | 2726308 |
| 7.00%, 01/15/39 | &nbsp;&nbsp; 4885 | 5746943 |
| HSBC Holdings PLC |  |  |
| 2.01%, 09/22/28, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 6170 | 5983195 |
| 2.21%, 08/17/29, (1-day SOFR + 1.29%)<sup>(a)</sup> | &nbsp;&nbsp; 7360 | 7031286 |
| 2.36%, 08/18/31, (1-day SOFR + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 7418 | 6827826 |
| 2.80%, 05/24/32, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 13935 | 12858164 |
| 2.85%, 06/04/31, (1-day SOFR + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 7308 | 6894245 |
| 2.87%, 11/22/32, (1-day SOFR + 1.41%)<sup>(a)</sup> | &nbsp;&nbsp; 8620 | 7931548 |
| 3.97%, 05/22/30, (3-mo. CME Term SOFR <br> + 1.87%)<sup>(a)</sup><br>| &nbsp;&nbsp; 14165 | 14068817 |
| 4.04%, 03/13/28, (3-mo. CME Term SOFR <br> + 1.81%)<sup>(a)</sup><br>| &nbsp;&nbsp; 13741 | 13745414 |
| 4.58%, 06/19/29, (3-mo. CME Term SOFR <br> + 1.80%)<sup>(a)</sup><br>| &nbsp;&nbsp; 14267 | 14403816 |
| 4.62%, 11/06/31, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 10450 | 10567223 |
| 4.76%, 06/09/28, (1-day SOFR + 2.11%)<sup>(a)</sup> | &nbsp;&nbsp; 11935 | 12037214 |
| 4.76%, 03/29/33, (1-day SOFR + 2.53%)<sup>(a)</sup> | &nbsp;&nbsp; 7910 | 7924051 |
| 4.90%, 03/03/29, (1-day SOFR + 1.03%)<sup>(a)</sup> | &nbsp;&nbsp; 7710 | 7830405 |
| 4.95%, 03/31/30 | &nbsp;&nbsp; 11630 | 11989691 |
| 5.13%, 11/19/28, (1-day SOFR + 1.04%)<sup>(a)</sup> | &nbsp;&nbsp; 6210 | 6321335 |
| 5.13%, 03/03/31, (1-day SOFR + 1.29%)<sup>(a)</sup> | &nbsp;&nbsp; 6705 | 6914266 |
| 5.13%, 11/06/36, (1-day SOFR + 1.43%)<sup>(a)</sup> | &nbsp;&nbsp; 10540 | 10645971 |
| 5.21%, 08/11/28, (1-day SOFR + 2.61%)<sup>(a)</sup> | &nbsp;&nbsp; 6215 | 6311203 |
| 5.24%, 05/13/31, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 10265 | 10632322 |
| 5.25%, 03/14/44<sup>(c)</sup> | &nbsp;&nbsp; 7399 | 7268326 |
| 5.29%, 11/19/30, (1-day SOFR + 1.29%)<sup>(a)</sup> | &nbsp;&nbsp; 8920 | 9244546 |
| 5.40%, 08/11/33, (1-day SOFR + 2.87%)<sup>(a)</sup> | &nbsp;&nbsp; 11725 | 12244132 |
| 5.45%, 03/03/36, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 12000 | 12449895 |
| 5.55%, 03/04/30, (1-day SOFR + 1.46%)<sup>(a)</sup> | &nbsp;&nbsp; 7200 | 7481465 |
| 5.60%, 05/17/28, (1-day SOFR + 1.06%)<sup>(a)</sup> | &nbsp;&nbsp; 7350 | 7481847 |
| 5.72%, 03/04/35, (1-day SOFR + 1.78%)<sup>(a)</sup> | &nbsp;&nbsp; 7360 | 7815315 |
| 5.73%, 05/17/32, (1-day SOFR + 1.52%)<sup>(a)</sup> | &nbsp;&nbsp; 7215 | 7645064 |
| 5.74%, 09/10/36, (1-day SOFR + 1.96%)<sup>(a)</sup> | &nbsp;&nbsp; 3900 | 4038927 |
| 5.79%, 05/13/36, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 9310 | 9899445 |
| 5.87%, 11/18/35, (1-day SOFR + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 7890 | 8280539 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.10%, 01/14/42 | &nbsp;&nbsp; $4807 | $5248023 |
| 6.16%, 03/09/29, (1-day SOFR + 1.97%)<sup>(a)</sup> | &nbsp;&nbsp; 9240 | 9610407 |
| 6.25%, 03/09/34, (1-day SOFR + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 10710 | 11697902 |
| 6.33%, 03/09/44, (1-day SOFR + 2.65%)<sup>(a)</sup> | &nbsp;&nbsp; 13100 | 14496322 |
| 6.50%, 05/02/36 | &nbsp;&nbsp; 6267 | 6813958 |
| 6.50%, 09/15/37 | &nbsp;&nbsp; 11622 | 12772828 |
| 6.55%, 06/20/34, (1-day SOFR + 2.98%)<sup>(a)</sup> | &nbsp;&nbsp; 5820 | 6315740 |
| 6.80%, 06/01/38 | &nbsp;&nbsp; 5480 | 6140160 |
| 7.39%, 11/03/28, (1-day SOFR + 3.35%)<sup>(a)</sup> | &nbsp;&nbsp; 10470 | 11028201 |
| 7.40%, 11/13/34, (1-day SOFR + 3.02%)<sup>(a)</sup> | &nbsp;&nbsp; 7520 | 8602076 |
| 8.11%, 11/03/33, (1-day SOFR + 4.25%)<sup>(a)</sup> | &nbsp;&nbsp; 9580 | 11298722 |
| HSBC USA, Inc. |  |  |
| 4.65%, 06/03/28 | &nbsp;&nbsp; 5305 | 5392088 |
| 5.29%, 03/04/27 | &nbsp;&nbsp; 3065 | 3109773 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.49%, 08/15/36, (5-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 3540 | 3123783 |
| 2.55%, 02/04/30 | &nbsp;&nbsp; 4192 | 3946129 |
| 4.44%, 08/04/28, (1-day SOFR + 1.97%)<sup>(a)</sup> | &nbsp;&nbsp; 3910 | 3934336 |
| 4.62%, 01/28/32, (1-day SOFR + 0.99%)<sup>(a)</sup> | &nbsp;&nbsp; 4530 | 4574297 |
| 5.02%, 05/17/33, (1-day SOFR + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; 2364 | 2412122 |
| 5.27%, 01/15/31, (1-day SOFR + 1.28%)<sup>(a)</sup> | &nbsp;&nbsp; 3050 | 3156969 |
| 5.61%, 01/28/41, (5-year CMT + 1.35%)<sup>(a)</sup> | &nbsp;&nbsp; 1740 | 1747844 |
| 5.71%, 02/02/35, (1-day SOFR Index + <br> 1.87%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5860 | 6163409 |
| 6.14%, 11/18/39, (5-year CMT + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 2935 | 3085320 |
| 6.21%, 08/21/29, (1-day SOFR + 2.02%)<sup>(a)</sup> | &nbsp;&nbsp; 5010 | 5261237 |
| Huntington National Bank(The) |  |  |
| 4.55%, 05/17/28, (1-day SOFR Index + <br> 1.65%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4000 | 4027439 |
| 4.87%, 04/12/28, (1-day SOFR + 0.72%)<sup>(a)</sup> | &nbsp;&nbsp; 3930 | 3962497 |
| 5.65%, 01/10/30 | &nbsp;&nbsp; 5150 | 5423003 |
| Industrial & Commercial Bank of China <br> Ltd./New York, 3.54%, 11/08/27<br>| &nbsp;&nbsp; 2430 | 2420658 |
| ING Groep NV |  |  |
| 2.73%, 04/01/32, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 4633 | 4302824 |
| 3.95%, 03/29/27 | &nbsp;&nbsp; 7615 | 7622199 |
| 4.02%, 03/28/28, (1-day SOFR + 1.83%)<sup>(a)</sup> | &nbsp;&nbsp; 6503 | 6505259 |
| 4.05%, 04/09/29 | &nbsp;&nbsp; 7170 | 7175061 |
| 4.25%, 03/28/33, (1-day SOFR + 2.07%)<sup>(a)</sup> | &nbsp;&nbsp; 4495 | 4447797 |
| 4.55%, 10/02/28 | &nbsp;&nbsp; 6156 | 6236834 |
| 4.86%, 03/25/29, (1-day SOFR + 1.01%)<sup>(a)</sup> | &nbsp;&nbsp; 3760 | 3821889 |
| 5.07%, 03/25/31, (1-day SOFR Index + <br> 1.23%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4550 | 4690603 |
| 5.34%, 03/19/30, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 6185 | 6401848 |
| 5.53%, 03/25/36, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 3425 | 3585023 |
| 5.55%, 03/19/35, (1-day SOFR + 1.77%)<sup>(a)</sup> | &nbsp;&nbsp; 7175 | 7515598 |
| 6.11%, 09/11/34, (1-day SOFR + 2.09%)<sup>(a)</sup> | &nbsp;&nbsp; 6050 | 6585271 |
| JPMorgan Chase & Co. |  |  |
| 1.76%, 11/19/31, (3-mo. CME Term SOFR + <br> 1.11%)<sup>(a)</sup><br>| &nbsp;&nbsp; 8005 | 7170731 |
| 1.95%, 02/04/32, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 14245 | 12774676 |
| 2.07%, 06/01/29, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 10696 | 10254094 |
| 2.18%, 06/01/28, (1-day SOFR + 1.89%)<sup>(a)</sup> | &nbsp;&nbsp; 9245 | 9044825 |
| 2.52%, 04/22/31, (1-day SOFR + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 13926 | 13065160 |
| 2.53%, 11/19/41, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(a)</sup><br>| &nbsp;&nbsp; 11870 | 8650515 |
| 2.55%, 11/08/32, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 15340 | 13968481 |
| 2.58%, 04/22/32, (3-mo. CME Term SOFR <br> + 1.25%)<sup>(a)</sup><br>| &nbsp;&nbsp; 13569 | 12507168 |
| 2.74%, 10/15/30, (3-mo. CME Term SOFR <br> + 1.51%)<sup>(a)</sup><br>| &nbsp;&nbsp; 20501 | 19598792 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.96%, 05/13/31, (3-mo. CME Term SOFR <br> + 2.52%)<sup>(a)</sup><br>| &nbsp;&nbsp; $10101 | $9603379 |
| 2.96%, 01/25/33, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 16080 | 14900998 |
| 3.11%, 04/22/41, (3-mo. CME Term SOFR + <br> 2.46%)<sup>(a)</sup><br>| &nbsp;&nbsp; 8938 | 7074283 |
| 3.11%, 04/22/51, (1-day SOFR + 2.44%)<sup>(a)</sup> | &nbsp;&nbsp; 12370 | 8481478 |
| 3.16%, 04/22/42, (3-mo. CME Term SOFR <br> + 1.46%)<sup>(a)</sup><br>| &nbsp;&nbsp; 9329 | 7290814 |
| 3.33%, 04/22/52, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 15290 | 10926807 |
| 3.51%, 01/23/29, (3-mo. CME Term SOFR <br> + 1.21%)<sup>(a)</sup><br>| &nbsp;&nbsp; 8953 | 8877116 |
| 3.54%, 05/01/28, (3-mo. CME Term SOFR <br> + 1.64%)<sup>(a)</sup><br>| &nbsp;&nbsp; 11540 | 11471004 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 7581 | 7543225 |
| 3.70%, 05/06/30, (3-mo. CME Term SOFR <br> + 1.42%)<sup>(a)</sup><br>| &nbsp;&nbsp; 15946 | 15782199 |
| 3.88%, 07/24/38, (3-mo. CME Term SOFR <br> + 1.62%)<sup>(a)</sup><br>| &nbsp;&nbsp; 12951 | 11731595 |
| 3.90%, 01/23/49, (3-mo. CME Term SOFR <br> + 1.48%)<sup>(a)</sup><br>| &nbsp;&nbsp; 10988 | 8828375 |
| 3.96%, 11/15/48, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(a)</sup><br>| &nbsp;&nbsp; 19185 | 15634959 |
| 4.01%, 04/23/29, (3-mo. CME Term SOFR <br> + 1.38%)<sup>(a)</sup><br>| &nbsp;&nbsp; 10014 | 10014318 |
| 4.03%, 07/24/48, (3-mo. CME Term SOFR <br> + 1.72%)<sup>(a)</sup><br>| &nbsp;&nbsp; 9351 | 7735762 |
| 4.20%, 07/23/29, (3-mo. CME Term SOFR <br> + 1.52%)<sup>(a)</sup><br>| &nbsp;&nbsp; 12287 | 12338306 |
| 4.25%, 10/01/27 | &nbsp;&nbsp; 7573 | 7626013 |
| 4.26%, 10/22/31, (1-day SOFR + 0.93%)<sup>(a)</sup> | &nbsp;&nbsp; 8560 | 8581667 |
| 4.26%, 02/22/48, (3-mo. CME Term SOFR <br> + 1.84%)<sup>(a)</sup><br>| &nbsp;&nbsp; 12419 | 10669550 |
| 4.32%, 04/26/28, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 15833 | 15888058 |
| 4.35%, 01/22/32, (1-day SOFR + 0.84%)<sup>(a)</sup> | &nbsp;&nbsp; 17970 | 18053334 |
| 4.45%, 12/05/29, (3-mo. CME Term SOFR <br> + 1.59%)<sup>(a)</sup><br>| &nbsp;&nbsp; 11056 | 11171328 |
| 4.49%, 03/24/31, (3-mo. CME Term SOFR <br> + 3.79%)<sup>(a)</sup><br>| &nbsp;&nbsp; 13710 | 13899167 |
| 4.51%, 10/22/28, (1-day SOFR + 0.86%)<sup>(a)</sup> | &nbsp;&nbsp; 7105 | 7166026 |
| 4.57%, 06/14/30, (1-day SOFR + 1.75%)<sup>(a)</sup> | &nbsp;&nbsp; 7666 | 7783374 |
| 4.59%, 04/26/33, (1-day SOFR + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 6730 | 6790927 |
| 4.60%, 10/22/30, (1-day SOFR + 1.04%)<sup>(a)</sup> | &nbsp;&nbsp; 11485 | 11693653 |
| 4.81%, 10/22/36, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 14575 | 14532734 |
| 4.85%, 07/25/28, (1-day SOFR + 1.99%)<sup>(a)</sup> | &nbsp;&nbsp; 12100 | 12240086 |
| 4.85%, 02/01/44 | &nbsp;&nbsp; 6751 | 6472704 |
| 4.90%, 01/22/37, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 10990 | 11049390 |
| 4.91%, 07/25/33, (1-day SOFR + 2.08%)<sup>(a)</sup> | &nbsp;&nbsp; 16070 | 16481336 |
| 4.92%, 01/24/29, (1-day SOFR + 0.80%)<sup>(a)</sup> | &nbsp;&nbsp; 10475 | 10661260 |
| 4.95%, 10/22/35, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 10200 | 10346995 |
| 4.95%, 06/01/45 | &nbsp;&nbsp; 8491 | 8056249 |
| 4.98%, 07/22/28, (1-day SOFR + 0.93%)<sup>(a)</sup> | &nbsp;&nbsp; 9855 | 9977091 |
| 5.00%, 07/22/30, (1-day SOFR + 1.13%)<sup>(a)</sup> | &nbsp;&nbsp; 10655 | 10976601 |
| 5.01%, 01/23/30, (1-day SOFR + 1.31%)<sup>(a)</sup> | &nbsp;&nbsp; 8635 | 8872895 |
| 5.10%, 04/22/31, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 10545 | 10933914 |
| 5.14%, 01/24/31, (1-day SOFR + 1.01%)<sup>(a)</sup> | &nbsp;&nbsp; 14925 | 15485786 |
| 5.19%, 02/05/37, (1-day SOFR + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 12125 | 12252711 |
| 5.29%, 07/22/35, (1-day SOFR + 1.46%)<sup>(a)</sup> | &nbsp;&nbsp; 22030 | 22855620 |
| 5.30%, 07/24/29, (1-day SOFR + 1.45%)<sup>(a)</sup> | &nbsp;&nbsp; 14650 | 15076703 |
| 5.34%, 01/23/35, (1-day SOFR + 1.62%)<sup>(a)</sup> | &nbsp;&nbsp; 10255 | 10678805 |
| 5.35%, 06/01/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 17830 | 18659213 |
| 5.40%, 01/06/42 | &nbsp;&nbsp; 8079 | 8273919 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.50%, 01/24/36, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; $10270 | $10796100 |
| 5.50%, 10/15/40 | &nbsp;&nbsp; 7479 | 7876199 |
| 5.53%, 11/29/45, (1-day SOFR + 1.55%)<sup>(a)</sup> | &nbsp;&nbsp; 9200 | 9394467 |
| 5.57%, 04/22/28, (1-day SOFR + 0.93%)<sup>(a)</sup> | &nbsp;&nbsp; 11010 | 11199722 |
| 5.57%, 04/22/36, (1-day SOFR + 1.68%)<sup>(a)</sup> | &nbsp;&nbsp; 13649 | 14407954 |
| 5.58%, 04/22/30, (1-day SOFR + 1.16%)<sup>(a)</sup> | &nbsp;&nbsp; 11910 | 12439002 |
| 5.58%, 07/23/36, (1-day SOFR + 1.64%)<sup>(a)</sup> | &nbsp;&nbsp; 15550 | 16161563 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 7745 | 8099993 |
| 5.63%, 08/16/43 | &nbsp;&nbsp; 6848 | 7057914 |
| 5.72%, 09/14/33, (1-day SOFR + 2.58%)<sup>(a)</sup> | &nbsp;&nbsp; 17145 | 18175190 |
| 5.77%, 04/22/35, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 15305 | 16369531 |
| 6.09%, 10/23/29, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 8760 | 9200390 |
| 6.25%, 10/23/34, (1-day SOFR + 1.81%)<sup>(a)</sup> | &nbsp;&nbsp; 14145 | 15548300 |
| 6.40%, 05/15/38 | &nbsp;&nbsp; 12701 | 14453143 |
| 8.00%, 04/29/27 | &nbsp;&nbsp; 10881 | 11385632 |
| 8.75%, 09/01/30 | &nbsp;&nbsp; 4494 | 5307800 |
| KeyBank N.A. |  |  |
| 4.90%, 08/08/32 | &nbsp;&nbsp; 3320 | 3331687 |
| 5.00%, 01/26/33 | &nbsp;&nbsp; 5273 | 5326805 |
| Keybank National Association |  |  |
| 3.90%, 04/13/29 | &nbsp;&nbsp; 2648 | 2620054 |
| 4.39%, 12/14/27 | &nbsp;&nbsp; 1965 | 1980443 |
| 5.85%, 11/15/27<sup>(c)</sup> | &nbsp;&nbsp; 5288 | 5445484 |
| 6.95%, 02/01/28 | &nbsp;&nbsp; 810 | 849302 |
| KeyCorp |  |  |
| 2.25%, 04/06/27 | &nbsp;&nbsp; 3989 | 3915769 |
| 2.55%, 10/01/29 | &nbsp;&nbsp; 3831 | 3637372 |
| 4.10%, 04/30/28 | &nbsp;&nbsp; 3301 | 3310188 |
| 4.79%, 06/01/33, (1-day SOFR Index + <br> 2.06%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3148 | 3164439 |
| 5.12%, 04/04/31, (1-day SOFR Index + <br> 1.23%)<sup>(a)</sup><br>| &nbsp;&nbsp; 520 | 533373 |
| 5.31%, 01/28/37, (1-day SOFR + 1.37%)<sup>(a)</sup> | &nbsp;&nbsp; 3615 | 3644433 |
| 6.40%, 03/06/35, (1-day SOFR + 2.42%)<sup>(a)</sup> | &nbsp;&nbsp; 4480 | 4879199 |
| Korea Development Bank(The) |  |  |
| 1.63%, 01/19/31 | &nbsp;&nbsp; 3620 | 3281662 |
| 2.00%, 10/25/31 | &nbsp;&nbsp; 4344 | 3961049 |
| Kreditanstalt fuer Wiederaufbau |  |  |
| 0.00%, 04/18/36<sup>(d)</sup> | &nbsp;&nbsp; 10782 | 7195589 |
| 0.00%, 06/29/37<sup>(c)(d)</sup> | &nbsp;&nbsp; 14383 | 9074154 |
| 0.75%, 09/30/30 | &nbsp;&nbsp; 5994 | 5298442 |
| 1.75%, 09/14/29 | &nbsp;&nbsp; 10696 | 10097400 |
| 2.88%, 04/03/28 | &nbsp;&nbsp; 12102 | 11970741 |
| 3.00%, 05/20/27 | &nbsp;&nbsp; 4666 | 4639384 |
| 3.50%, 08/27/27 | &nbsp;&nbsp; 5115 | 5120108 |
| 3.50%, 08/09/28 | &nbsp;&nbsp; 590 | 591827 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 7370 | 7416477 |
| 3.75%, 07/15/30 | &nbsp;&nbsp; 25228 | 25472807 |
| 3.75%, 03/14/31<sup>(c)</sup> | &nbsp;&nbsp; 294 | 296773 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 8908 | 8995432 |
| 4.00%, 06/28/27 | &nbsp;&nbsp; 889 | 895125 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 10266 | 10440039 |
| 4.13%, 07/15/33 | &nbsp;&nbsp; 18222 | 18618359 |
| 4.38%, 03/01/27 | &nbsp;&nbsp; 7582 | 7643843 |
| 4.38%, 02/28/34<sup>(c)</sup> | &nbsp;&nbsp; 8441 | 8750897 |
| 4.63%, 03/18/30 | &nbsp;&nbsp; 10893 | 11357190 |
| 4.75%, 10/29/30 | &nbsp;&nbsp; 6034 | 6348138 |
| Series GLOB, 3.88%, 05/15/28<sup>(c)</sup> | &nbsp;&nbsp; 1210 | 1221644 |
| Landwirtschaftliche Rentenbank |  |  |
| 0.88%, 09/03/30 | &nbsp;&nbsp; 8708 | 7753896 |
| 3.63%, 10/08/30 | &nbsp;&nbsp; 1075 | 1079103 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.88%, 09/28/27<sup>(c)</sup> | &nbsp;&nbsp; $2640 | $2656650 |
| 3.88%, 06/14/28 | &nbsp;&nbsp; 1083 | 1093109 |
| 4.13%, 05/28/30 | &nbsp;&nbsp; 4055 | 4149073 |
| 4.63%, 04/17/29 | &nbsp;&nbsp; 2710 | 2802808 |
| 5.00%, 10/24/33 | &nbsp;&nbsp; 2724 | 2934782 |
| Series 37, 2.50%, 11/15/27 | &nbsp;&nbsp; 1278 | 1258036 |
| Lloyds Banking Group PLC |  |  |
| 3.37%, 12/14/46, (5-year CMT + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 6640 | 5027305 |
| 3.57%, 11/07/28, (3-mo. SOFR US + <br> 1.47%)<sup>(a)</sup><br>| &nbsp;&nbsp; 7677 | 7626122 |
| 3.75%, 03/18/28, (1-year CMT + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 5020 | 5009336 |
| 4.24%, 02/10/30, (1-year CMT + 0.60%)<sup>(a)</sup> | &nbsp;&nbsp; 2970 | 2984326 |
| 4.34%, 01/09/48 | &nbsp;&nbsp; 7269 | 6160198 |
| 4.38%, 03/22/28 | &nbsp;&nbsp; 5003 | 5043069 |
| 4.43%, 11/04/31, (1-year CMT + 0.82%)<sup>(a)</sup> | &nbsp;&nbsp; 5850 | 5873924 |
| 4.55%, 08/16/28 | &nbsp;&nbsp; 8133 | 8245631 |
| 4.82%, 06/13/29, (1-year CMT + 0.83%)<sup>(a)</sup> | &nbsp;&nbsp; 4460 | 4533465 |
| 4.94%, 11/04/36, (1-year CMT + 0.97%)<sup>(a)</sup> | &nbsp;&nbsp; 10290 | 10225484 |
| 4.98%, 08/11/33, (1-year CMT + 2.30%)<sup>(a)</sup> | &nbsp;&nbsp; 3235 | 3311392 |
| 5.09%, 11/26/28, (1-year CMT + 0.85%)<sup>(a)</sup> | &nbsp;&nbsp; 5840 | 5949264 |
| 5.30%, 12/01/45 | &nbsp;&nbsp; 4309 | 4155973 |
| 5.59%, 11/26/35, (1-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 5600 | 5888673 |
| 5.67%, 02/10/47, (1-year CMT + 0.82%)<sup>(a)</sup> | &nbsp;&nbsp; 3530 | 3565118 |
| 5.68%, 01/05/35, (1-year CMT + 1.75%)<sup>(a)</sup> | &nbsp;&nbsp; 10820 | 11450427 |
| 5.72%, 06/05/30, (1-year CMT + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 4960 | 5203287 |
| 5.87%, 03/06/29, (1-year CMT + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 2765 | 2864710 |
| 6.07%, 06/13/36, (1-year CMT + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 740 | 779161 |
| 7.95%, 11/15/33, (1-year CMT + 3.75%)<sup>(a)</sup> | &nbsp;&nbsp; 4675 | 5487941 |
| M&T Bank Corp. |  |  |
| 4.55%, 08/16/28, (1-day SOFR Index + <br> 1.78%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2885 | 2905101 |
| 4.83%, 01/16/29, (1-day SOFR + 0.93%)<sup>(a)</sup> | &nbsp;&nbsp; 1870 | 1900421 |
| 5.05%, 01/27/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 4855 | 4924801 |
| 5.18%, 07/08/31, (1-day SOFR + 1.40%)<sup>(a)</sup> | &nbsp;&nbsp; 3020 | 3118470 |
| 5.39%, 01/16/36, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 4005 | 4105130 |
| 5.40%, 07/30/35, (5-year CMT + 1.43%)<sup>(a)</sup> | &nbsp;&nbsp; 1095 | 1111163 |
| 6.08%, 03/13/32, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 4930 | 5273387 |
| 7.41%, 10/30/29, (1-day SOFR + 2.80%)<sup>(a)</sup> | &nbsp;&nbsp; 3615 | 3920398 |
| Manufacturers & Traders Trust Co. |  |  |
| 3.40%, 08/17/27 | &nbsp;&nbsp; 3455 | 3426659 |
| 4.70%, 01/27/28 | &nbsp;&nbsp; 6390 | 6481330 |
| 4.76%, 07/06/28, (1-day SOFR + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 3390 | 3421137 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 2.05%, 07/17/30 | &nbsp;&nbsp; 5705 | 5238893 |
| 2.31%, 07/20/32, (1-year CMT + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 8644 | 7824674 |
| 2.49%, 10/13/32, (1-year CMT + 0.97%)<sup>(a)</sup> | &nbsp;&nbsp; 3854 | 3501087 |
| 2.56%, 02/25/30 | &nbsp;&nbsp; 5260 | 4968174 |
| 2.85%, 01/19/33, (1-year CMT + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 5000 | 4600434 |
| 3.20%, 07/18/29 | &nbsp;&nbsp; 7659 | 7456233 |
| 3.29%, 07/25/27 | &nbsp;&nbsp; 4567 | 4538064 |
| 3.74%, 03/07/29 | &nbsp;&nbsp; 6599 | 6572387 |
| 3.75%, 07/18/39 | &nbsp;&nbsp; 7660 | 6796033 |
| 3.96%, 03/02/28 | &nbsp;&nbsp; 5568 | 5581499 |
| 4.05%, 09/11/28 | &nbsp;&nbsp; 4686 | 4708097 |
| 4.08%, 04/19/28, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 4345 | 4351238 |
| 4.15%, 03/07/39 | &nbsp;&nbsp; 3490 | 3280400 |
| 4.29%, 07/26/38<sup>(c)</sup> | &nbsp;&nbsp; 3450 | 3310317 |
| 4.32%, 04/19/33, (1-year CMT + 1.55%)<sup>(a)</sup> | &nbsp;&nbsp; 3505 | 3484998 |
| 4.51%, 01/14/32, (1-year CMT + 0.80%)<sup>(a)</sup> | &nbsp;&nbsp; 5040 | 5088346 |
| 4.53%, 09/12/31, (1-year CMT + 0.80%)<sup>(a)</sup> | &nbsp;&nbsp; 5560 | 5628133 |
| 5.02%, 07/20/28, (1-year CMT + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 5990 | 6078973 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.06%, 01/14/37, (1-year CMT + 0.90%)<sup>(a)</sup> | &nbsp;&nbsp; $6850 | $6934059 |
| 5.13%, 07/20/33, (1-year CMT + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 6985 | 7243658 |
| 5.16%, 04/24/31, (1-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 3570 | 3701873 |
| 5.19%, 09/12/36, (1-year CMT + <br> 0.93%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 4900 | 5016146 |
| 5.20%, 01/16/31, (1-year CMT + 0.78%)<sup>(a)</sup> | &nbsp;&nbsp; 5090 | 5278970 |
| 5.24%, 04/19/29, (1-year CMT + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 3435 | 3523793 |
| 5.26%, 04/17/30, (1-year CMT + 0.82%)<sup>(a)</sup> | &nbsp;&nbsp; 4590 | 4749043 |
| 5.35%, 09/13/28, (1-year CMT + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 5050 | 5156349 |
| 5.41%, 04/19/34, (1-year CMT + 1.97%)<sup>(a)</sup> | &nbsp;&nbsp; 3395 | 3572389 |
| 5.42%, 02/22/29, (1-year CMT + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 5010 | 5147116 |
| 5.43%, 04/17/35, (1-year CMT + 1.00%)<sup>(a)</sup> | &nbsp;&nbsp; 7410 | 7781072 |
| 5.44%, 02/22/34, (1-year CMT + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 3920 | 4129994 |
| 5.47%, 09/13/33, (1-year CMT + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 3270 | 3454848 |
| 5.48%, 02/22/31, (1-year CMT + 1.53%)<sup>(a)</sup> | &nbsp;&nbsp; 2635 | 2759891 |
| 5.57%, 01/16/36, (1-year CMT + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 5780 | 6106049 |
| 5.62%, 04/24/36, (1-year CMT + 1.27%)<sup>(a)</sup> | &nbsp;&nbsp; 6750 | 7143699 |
| Mizuho Financial Group, Inc. |  |  |
| 1.98%, 09/08/31, (3-mo. CME Term SOFR <br> + 1.53%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4210 | 3822400 |
| 2.17%, 05/22/32, (1-year CMT + 0.87%)<sup>(a)</sup> | &nbsp;&nbsp; 2768 | 2490936 |
| 2.20%, 07/10/31, (3-mo. CME Term SOFR <br> + 1.77%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4735 | 4357011 |
| 2.26%, 07/09/32, (1-year CMT + 0.90%)<sup>(a)</sup> | &nbsp;&nbsp; 3030 | 2729230 |
| 2.56%, 09/13/31 | &nbsp;&nbsp; 4275 | 3878546 |
| 2.59%, 05/25/31, (3-mo. CME Term SOFR <br> + 1.33%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 2628 | 2465544 |
| 2.87%, 09/13/30, (3-mo. CME Term SOFR <br> + 1.57%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2770 | 2656950 |
| 3.15%, 07/16/30, (3-mo. CME Term SOFR <br> + 1.39%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3642 | 3531227 |
| 3.17%, 09/11/27 | &nbsp;&nbsp; 5323 | 5273134 |
| 3.26%, 05/22/30, (1-year CMT + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 2550 | 2486947 |
| 4.02%, 03/05/28 | &nbsp;&nbsp; 6155 | 6181956 |
| 4.25%, 09/11/29, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4760 | 4784834 |
| 4.44%, 05/12/32, (1-year CMT + 0.70%)<sup>(a)</sup> | &nbsp;&nbsp; 2780 | 2794922 |
| 4.71%, 07/08/31, (1-year CMT + 0.92%)<sup>(a)</sup> | &nbsp;&nbsp; 5375 | 5481322 |
| 5.05%, 05/12/37, (1-year CMT + 0.85%)<sup>(a)</sup> | &nbsp;&nbsp; 2500 | 2532622 |
| 5.10%, 05/13/31, (1-year CMT + 0.82%)<sup>(a)</sup> | &nbsp;&nbsp; 2270 | 2348320 |
| 5.32%, 07/08/36, (1-year CMT + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 6900 | 7149575 |
| 5.38%, 05/26/30, (1-year CMT + 1.12%)<sup>(a)</sup> | &nbsp;&nbsp; 3630 | 3768071 |
| 5.38%, 07/10/30, (1-year CMT + 1.08%)<sup>(a)</sup> | &nbsp;&nbsp; 3600 | 3742147 |
| 5.41%, 09/13/28, (1-year CMT + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; 4740 | 4846239 |
| 5.42%, 05/13/36, (1-year CMT + 0.98%)<sup>(a)</sup> | &nbsp;&nbsp; 3030 | 3167747 |
| 5.58%, 05/26/35, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 3440 | 3639341 |
| 5.59%, 07/10/35, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 3140 | 3323778 |
| 5.67%, 05/27/29, (1-year CMT + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 3920 | 4060960 |
| 5.67%, 09/13/33, (1-year CMT + 2.40%)<sup>(a)</sup> | &nbsp;&nbsp; 3115 | 3329767 |
| 5.74%, 05/27/31, (1-year CMT + 1.65%)<sup>(a)</sup> | &nbsp;&nbsp; 3520 | 3728748 |
| 5.75%, 05/27/34, (1-year CMT + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 4355 | 4652283 |
| 5.75%, 07/06/34, (1-year CMT + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 4630 | 4946350 |
| 5.78%, 07/06/29, (1-year CMT + 1.65%)<sup>(a)</sup> | &nbsp;&nbsp; 6685 | 6951889 |
| Morgan Stanley |  |  |
| 1.79%, 02/13/32, (1-day SOFR + 1.03%)<sup>(a)</sup> | &nbsp;&nbsp; 10620 | 9401691 |
| 1.93%, 04/28/32, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 14550 | 12908497 |
| 2.24%, 07/21/32, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 25272 | 22660814 |
| 2.48%, 09/16/36, (1-day SOFR + 1.36%)<sup>(a)</sup> | &nbsp;&nbsp; 14993 | 13266515 |
| 2.51%, 10/20/32, (1-day SOFR + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 12378 | 11219127 |
| 2.70%, 01/22/31, (1-day SOFR + 1.14%)<sup>(a)</sup> | &nbsp;&nbsp; 20302 | 19196371 |
| 2.80%, 01/25/52, (1-day SOFR + 1.43%)<sup>(a)</sup> | &nbsp;&nbsp; 10259 | 6575107 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.94%, 01/21/33, (1-day SOFR + 1.29%)<sup>(a)</sup> | &nbsp;&nbsp; $14158 | $13036134 |
| 3.22%, 04/22/42, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 9200 | 7251824 |
| 3.59%, 07/22/28<sup>(a)</sup> | &nbsp;&nbsp; 18292 | 18184607 |
| 3.62%, 04/01/31, (1-day SOFR + 3.12%)<sup>(a)</sup> | &nbsp;&nbsp; 8904 | 8704064 |
| 3.77%, 01/24/29, (3-mo. CME Term SOFR <br> + 1.40%)<sup>(a)</sup><br>| &nbsp;&nbsp; 11084 | 11038704 |
| 3.95%, 04/23/27 | &nbsp;&nbsp; 10370 | 10365837 |
| 3.97%, 07/22/38<sup>(a)</sup> | &nbsp;&nbsp; 11450 | 10394530 |
| 4.21%, 04/20/28, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 10325 | 10344332 |
| 4.24%, 01/09/30, (1-day SOFR + 0.80%)<sup>(a)</sup> | &nbsp;&nbsp; 9875 | 9906597 |
| 4.30%, 01/27/45 | &nbsp;&nbsp; 12364 | 10776146 |
| 4.38%, 01/22/47 | &nbsp;&nbsp; 11570 | 10046643 |
| 4.43%, 01/23/30, (3-mo. CME Term SOFR <br> + 1.89%)<sup>(a)</sup><br>| &nbsp;&nbsp; 9823 | 9908584 |
| 4.46%, 04/22/39, (3-mo. CME Term SOFR <br> + 1.69%)<sup>(a)</sup><br>| &nbsp;&nbsp; 6060 | 5739755 |
| 4.49%, 01/16/32, (1-day SOFR + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 10480 | 10533816 |
| 4.65%, 10/18/30, (1-day SOFR + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 16155 | 16414609 |
| 4.89%, 07/20/33, (1-day SOFR + 2.08%)<sup>(a)</sup> | &nbsp;&nbsp; 7735 | 7878590 |
| 4.99%, 04/12/29, (1-day SOFR + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 6275 | 6388427 |
| 5.04%, 07/19/30, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 7935 | 8155951 |
| 5.07%, 01/30/37, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 16225 | 16361898 |
| 5.12%, 02/01/29, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 12995 | 13262105 |
| 5.16%, 04/20/29, (1-day SOFR + 1.59%)<sup>(a)</sup> | &nbsp;&nbsp; 9390 | 9600898 |
| 5.17%, 01/16/30, (1-day SOFR + 1.45%)<sup>(a)</sup> | &nbsp;&nbsp; 8845 | 9089951 |
| 5.19%, 04/17/31, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 10935 | 11323182 |
| 5.23%, 01/15/31, (1-day SOFR + 1.11%)<sup>(a)</sup> | &nbsp;&nbsp; 12855 | 13309063 |
| 5.25%, 04/21/34, (1-day SOFR + 1.87%)<sup>(a)</sup> | &nbsp;&nbsp; 17185 | 17786036 |
| 5.30%, 04/20/37, (1-day SOFR + 2.62%)<sup>(a)</sup> | &nbsp;&nbsp; 8760 | 8974626 |
| 5.31%, 01/18/41, (5-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 3435 | 3417464 |
| 5.32%, 07/19/35, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 15645 | 16187552 |
| 5.42%, 07/21/34, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 9925 | 10363173 |
| 5.45%, 07/20/29, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 9210 | 9496864 |
| 5.47%, 01/18/35, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 18095 | 18909196 |
| 5.52%, 11/19/55, (1-day SOFR + 1.71%)<sup>(a)</sup> | &nbsp;&nbsp; 13910 | 13880357 |
| 5.59%, 01/18/36, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 12595 | 13236710 |
| 5.60%, 03/24/51, (1-day SOFR + 4.84%)<sup>(a)</sup> | &nbsp;&nbsp; 9900 | 10009542 |
| 5.65%, 04/13/28, (1-day SOFR + 1.01%)<sup>(a)</sup> | &nbsp;&nbsp; 9300 | 9465876 |
| 5.66%, 04/18/30, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 13490 | 14089561 |
| 5.66%, 04/17/36, (1-day SOFR + 1.76%)<sup>(a)</sup> | &nbsp;&nbsp; 13345 | 14102516 |
| 5.83%, 04/19/35, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 15345 | 16385420 |
| 5.94%, 02/07/39, (5-year CMT + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 9930 | 10452032 |
| 5.95%, 01/19/38, (5-year CMT + 2.43%)<sup>(a)</sup> | &nbsp;&nbsp; 6140 | 6477016 |
| 6.30%, 10/18/28, (1-day SOFR + 2.24%)<sup>(a)</sup> | &nbsp;&nbsp; 7263 | 7525108 |
| 6.34%, 10/18/33, (1-day SOFR + 2.56%)<sup>(a)</sup> | &nbsp;&nbsp; 7450 | 8188561 |
| 6.38%, 07/24/42 | &nbsp;&nbsp; 9950 | 11108726 |
| 6.41%, 11/01/29, (1-day SOFR + 1.83%)<sup>(a)</sup> | &nbsp;&nbsp; 5465 | 5780571 |
| 6.63%, 11/01/34, (1-day SOFR + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; 8650 | 9703334 |
| 7.25%, 04/01/32<sup>(c)</sup> | &nbsp;&nbsp; 6974 | 8074451 |
| Series I, 4.13%, 10/18/29, (1-day SOFR + <br> 0.91%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5460 | 5467835 |
| Series I, 4.36%, 10/22/31, (1-day SOFR + <br> 1.07%)<sup>(a)</sup><br>| &nbsp;&nbsp; 11295 | 11309026 |
| Series I, 4.89%, 10/22/36, (1-day SOFR + <br> 1.31%)<sup>(a)</sup><br>| &nbsp;&nbsp; 13520 | 13449366 |
| Morgan Stanley Bank N.A. |  |  |
| 4.97%, 07/14/28, (1-day SOFR + 0.93%)<sup>(a)</sup> | &nbsp;&nbsp; 4635 | 4694630 |
| 5.02%, 01/12/29, (1-day SOFR + 0.91%)<sup>(a)</sup> | &nbsp;&nbsp; 11960 | 12186403 |
| 5.50%, 05/26/28, (1-day SOFR + 0.87%)<sup>(a)</sup> | &nbsp;&nbsp; 10640 | 10831181 |
| Morgan Stanley Private Bank N.A. |  |  |
| 4.20%, 11/17/28, (1-day SOFR + 0.78%)<sup>(a)</sup> | &nbsp;&nbsp; 10830 | 10867547 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.47%, 07/06/28, (1-day SOFR + 0.77%)<sup>(a)</sup> | &nbsp;&nbsp; $9485 | $9544401 |
| 4.47%, 11/19/31, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 12600 | 12671876 |
| 4.73%, 07/18/31, (1-day SOFR + 1.08%)<sup>(a)</sup> | &nbsp;&nbsp; 12605 | 12831308 |
| Series ., 4.21%, 02/08/30, (1-day SOFR + <br> 0.76%)<sup>(a)</sup><br>| &nbsp;&nbsp; 9860 | 9906998 |
| National Australia Bank Ltd./New York |  |  |
| 3.85%, 12/13/28 | &nbsp;&nbsp; 2430 | 2440564 |
| 3.91%, 06/09/27 | &nbsp;&nbsp; 1395 | 1399341 |
| 4.15%, 01/13/31 | &nbsp;&nbsp; 2150 | 2167629 |
| 4.31%, 06/13/28 | &nbsp;&nbsp; 4015 | 4065801 |
| 4.50%, 10/26/27 | &nbsp;&nbsp; 3715 | 3762650 |
| 4.53%, 06/13/30 | &nbsp;&nbsp; 3905 | 4001412 |
| 4.79%, 01/10/29 | &nbsp;&nbsp; 4940 | 5082297 |
| 4.90%, 06/13/28 | &nbsp;&nbsp; 3650 | 3741297 |
| 4.90%, 01/14/30 | &nbsp;&nbsp; 3320 | 3442534 |
| 4.94%, 01/12/28 | &nbsp;&nbsp; 5330 | 5450933 |
| 5.09%, 06/11/27 | &nbsp;&nbsp; 4050 | 4119472 |
| National Bank of Canada |  |  |
| 4.17%, 01/20/29, (1-day SOFR Index + <br> 0.76%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2930 | 2940231 |
| 4.50%, 10/10/29 | &nbsp;&nbsp; 4425 | 4494863 |
| 5.60%, 12/18/28 | &nbsp;&nbsp; 4530 | 4726718 |
| NatWest Group PLC |  |  |
| 3.03%, 11/28/35, (5-year CMT + 2.35%)<sup>(a)</sup> | &nbsp;&nbsp; 4773 | 4444176 |
| 3.07%, 05/22/28, (1-year CMT + 2.55%)<sup>(a)</sup> | &nbsp;&nbsp; 6802 | 6730760 |
| 4.45%, 05/08/30, (3-mo. SOFR US + <br> 2.13%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5204 | 5243759 |
| 4.89%, 05/18/29, (3-mo. SOFR US + <br> 2.01%)<sup>(a)</sup><br>| &nbsp;&nbsp; 8720 | 8871500 |
| 4.96%, 08/15/30, (1-year CMT + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 6560 | 6719061 |
| 5.08%, 01/27/30, (3-mo. SOFR US + <br> 2.17%)<sup>(a)</sup><br>| &nbsp;&nbsp; 6390 | 6552566 |
| 5.12%, 05/23/31, (1-year CMT + 1.05%)<sup>(a)</sup> | &nbsp;&nbsp; 8890 | 9164700 |
| 5.52%, 09/30/28, (1-year CMT + 2.27%)<sup>(a)</sup> | &nbsp;&nbsp; 5030 | 5147690 |
| 5.58%, 03/01/28, (1-year CMT + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 3350 | 3402750 |
| 5.78%, 03/01/35, (1-year CMT + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 7195 | 7648857 |
| 5.81%, 09/13/29, (1-year CMT + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 3890 | 4051937 |
| 5.91%, 03/03/47, (1-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 3400 | 3377530 |
| 6.02%, 03/02/34, (1-year CMT + 2.10%)<sup>(a)</sup> | &nbsp;&nbsp; 4680 | 5042276 |
| 6.48%, 06/01/34, (5-year CMT + 2.20%)<sup>(a)</sup> | &nbsp;&nbsp; 3740 | 3943513 |
| Northern Trust Corp. |  |  |
| 1.95%, 05/01/30 | &nbsp;&nbsp; 6441 | 5948735 |
| 3.15%, 05/03/29 | &nbsp;&nbsp; 4417 | 4334643 |
| 3.38%, 05/08/32, (3-mo. SOFR US + <br> 1.39%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3726 | 3688189 |
| 3.65%, 08/03/28 | &nbsp;&nbsp; 2520 | 2519882 |
| 4.00%, 05/10/27 | &nbsp;&nbsp; 12700 | 12738290 |
| 4.15%, 11/19/30 | &nbsp;&nbsp; 1570 | 1582039 |
| 5.12%, 11/19/40, (5-year CMT + 1.05%)<sup>(a)</sup> | &nbsp;&nbsp; 2095 | 2099284 |
| 6.13%, 11/02/32 | &nbsp;&nbsp; 3871 | 4235281 |
| Oesterreichische Kontrollbank AG |  |  |
| 3.63%, 09/09/27<sup>(c)</sup> | &nbsp;&nbsp; 1981 | 1984914 |
| 3.75%, 09/05/29 | &nbsp;&nbsp; 3150 | 3176413 |
| 3.75%, 09/10/30 | &nbsp;&nbsp; 980 | 987747 |
| 3.75%, 01/15/31 | &nbsp;&nbsp; 340 | 342906 |
| 4.00%, 05/28/28 | &nbsp;&nbsp; 1646 | 1664689 |
| 4.13%, 01/18/29<sup>(c)</sup> | &nbsp;&nbsp; 4825 | 4913093 |
| 4.25%, 03/01/28 | &nbsp;&nbsp; 2691 | 2731073 |
| 4.50%, 01/24/30 | &nbsp;&nbsp; 5455 | 5641827 |
| 4.75%, 05/21/27 | &nbsp;&nbsp; 5330 | 5408696 |
| Pinnacle Bank/Nashville, 5.63%, 02/15/28 | &nbsp;&nbsp; 1985 | 2025811 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| PNC Bank N.A. |  |  |
| 2.70%, 10/22/29 | &nbsp;&nbsp; $5197 | $4951370 |
| 3.10%, 10/25/27 | &nbsp;&nbsp; 5828 | 5764417 |
| 3.25%, 01/22/28 | &nbsp;&nbsp; 4349 | 4312810 |
| 4.05%, 07/26/28 | &nbsp;&nbsp; 7083 | 7090554 |
| 4.43%, 07/21/28, (1-day SOFR + 0.73%)<sup>(a)</sup> | &nbsp;&nbsp; 5200 | 5234074 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.31%, 04/23/32, (1-day SOFR + 0.98%)<sup>(a)</sup> | &nbsp;&nbsp; 5848 | 5326943 |
| 2.55%, 01/22/30 | &nbsp;&nbsp; 11005 | 10432460 |
| 3.15%, 05/19/27 | &nbsp;&nbsp; 4422 | 4388491 |
| 3.45%, 04/23/29 | &nbsp;&nbsp; 8750 | 8657582 |
| 4.08%, 01/26/29, (1-day SOFR + 0.61%)<sup>(a)</sup> | &nbsp;&nbsp; 390 | 391114 |
| 4.63%, 06/06/33, (1-day SOFR Index + <br> 1.85%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5172 | 5160584 |
| 4.81%, 10/21/32, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 6510 | 6652545 |
| 4.90%, 05/13/31, (1-day SOFR + 1.33%)<sup>(a)</sup> | &nbsp;&nbsp; 6410 | 6581081 |
| 5.07%, 01/24/34, (1-day SOFR + 1.93%)<sup>(a)</sup> | &nbsp;&nbsp; 7400 | 7634515 |
| 5.22%, 01/29/31, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 4615 | 4791136 |
| 5.35%, 12/02/28, (1-day SOFR + 1.62%)<sup>(a)</sup> | &nbsp;&nbsp; 5070 | 5197623 |
| 5.37%, 07/21/36, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 6325 | 6551586 |
| 5.40%, 07/23/35, (1-day SOFR + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 4840 | 5040690 |
| 5.42%, 01/25/41, (5-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 5180 | 5230542 |
| 5.49%, 05/14/30, (1-day SOFR + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 7925 | 8274511 |
| 5.58%, 06/12/29, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 6700 | 6938084 |
| 5.58%, 01/29/36, (1-day SOFR + 1.39%)<sup>(a)</sup> | &nbsp;&nbsp; 6300 | 6635794 |
| 5.68%, 01/22/35, (1-day SOFR + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 4480 | 4750269 |
| 5.94%, 08/18/34, (1-day SOFR + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 4355 | 4702286 |
| 6.04%, 10/28/33, (1-day SOFR Index + <br> 2.14%)<sup>(a)</sup><br>| &nbsp;&nbsp; 6220 | 6751540 |
| 6.88%, 10/20/34, (1-day SOFR + 2.28%)<sup>(a)</sup> | &nbsp;&nbsp; 10055 | 11414169 |
| Regions Banks, 6.45%, 06/26/37 | &nbsp;&nbsp; 2865 | 3137724 |
| Regions Financial Corp. |  |  |
| 1.80%, 08/12/28 | &nbsp;&nbsp; 2760 | 2616923 |
| 5.50%, 09/06/35, (1-day SOFR + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 1550 | 1603082 |
| 5.72%, 06/06/30, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 3265 | 3419664 |
| 7.38%, 12/10/37 | &nbsp;&nbsp; 2623 | 3066159 |
| Royal Bank of Canada |  |  |
| 2.30%, 11/03/31<sup>(c)</sup> | &nbsp;&nbsp; 9710 | 8863842 |
| 3.63%, 05/04/27 | &nbsp;&nbsp; 5594 | 5586092 |
| 3.88%, 05/04/32 | &nbsp;&nbsp; 4580 | 4498385 |
| 4.00%, 11/03/28, (1-day SOFR + 0.70%)<sup>(a)</sup> | &nbsp;&nbsp; 5120 | 5125893 |
| 4.24%, 08/03/27 | &nbsp;&nbsp; 7074 | 7119424 |
| 4.31%, 11/03/31, (1-day SOFR + 0.98%)<sup>(a)</sup> | &nbsp;&nbsp; 5050 | 5080038 |
| 4.50%, 08/06/29, (1-day SOFR + 0.89%)<sup>(a)</sup> | &nbsp;&nbsp; 6375 | 6452395 |
| 4.52%, 10/18/28, (1-day SOFR Index + <br> 0.86%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3380 | 3413723 |
| 4.65%, 10/18/30, (1-day SOFR Index + <br> 1.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; 9845 | 10032929 |
| 4.70%, 08/06/31, (1-day SOFR + 1.06%)<sup>(a)</sup> | &nbsp;&nbsp; 4900 | 5005548 |
| 4.72%, 03/27/28, (1-day SOFR Index + <br> 0.81%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5370 | 5417856 |
| 4.90%, 01/12/28 | &nbsp;&nbsp; 4330 | 4421209 |
| 4.95%, 02/01/29 | &nbsp;&nbsp; 5400 | 5570936 |
| 4.97%, 01/24/29, (1-day SOFR + 0.83%)<sup>(a)</sup> | &nbsp;&nbsp; 7370 | 7517050 |
| 4.97%, 08/02/30, (1-day SOFR + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 6755 | 6945716 |
| 4.97%, 05/02/31, (1-day SOFR Index + <br> 1.13%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 5015 | 5174339 |
| 5.00%, 02/01/33 | &nbsp;&nbsp; 8850 | 9177713 |
| 5.00%, 05/02/33 | &nbsp;&nbsp; 5275 | 5473756 |
| 5.15%, 02/04/31, (1-day SOFR + 1.03%)<sup>(a)</sup> | &nbsp;&nbsp; 8765 | 9086629 |
| 5.15%, 02/01/34<sup>(c)</sup> | &nbsp;&nbsp; 7240 | 7619029 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.20%, 08/01/28 | &nbsp;&nbsp; $5175 | $5332021 |
| 6.00%, 11/01/27 | &nbsp;&nbsp; 7215 | 7470395 |
| Santander Holdings USA, Inc. |  |  |
| 4.40%, 07/13/27 | &nbsp;&nbsp; 5673 | 5681881 |
| 5.35%, 09/06/30, (1-day SOFR + 1.94%)<sup>(a)</sup> | &nbsp;&nbsp; 1720 | 1769486 |
| 5.47%, 03/20/29, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 3565 | 3643561 |
| 5.74%, 03/20/31, (1-day SOFR + <br> 1.88%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 3785 | 3936171 |
| 6.17%, 01/09/30, (1-day SOFR + 2.50%)<sup>(a)</sup> | &nbsp;&nbsp; 2995 | 3125789 |
| 6.34%, 05/31/35, (1-day SOFR + <br> 2.14%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 2935 | 3161916 |
| 6.50%, 03/09/29, (1-day SOFR + 2.36%)<sup>(a)</sup> | &nbsp;&nbsp; 5730 | 5967379 |
| 6.57%, 06/12/29, (1-day SOFR + 2.70%)<sup>(a)</sup> | &nbsp;&nbsp; 3030 | 3166264 |
| 7.66%, 11/09/31, (1-day SOFR + 3.28%)<sup>(a)</sup> | &nbsp;&nbsp; 3315 | 3741435 |
| Santander U.K. Group Holdings PLC |  |  |
| 2.90%, 03/15/32, (1-day SOFR + 1.48%)<sup>(a)</sup> | &nbsp;&nbsp; 4775 | 4432437 |
| 3.82%, 11/03/28, (3-mo. SOFR US + <br> 1.66%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5031 | 5008808 |
| 4.32%, 09/22/29, (1-day SOFR Index + <br> 1.07%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2220 | 2227286 |
| 4.86%, 09/11/30, (1-day SOFR Index + <br> 1.55%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4490 | 4570052 |
| 5.14%, 09/22/36, (1-day SOFR+ 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 3950 | 3952908 |
| 5.69%, 04/15/31, (1-day SOFR Index + <br> 1.52%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5655 | 5933608 |
| 6.53%, 01/10/29, (1-day SOFR + 2.60%)<sup>(a)</sup> | &nbsp;&nbsp; 3635 | 3791749 |
| Standard Chartered Bank/New York, 4.85%, <br> 12/03/27<br>| &nbsp;&nbsp; 435 | 443022 |
| State Street Bank & Trust Co., 4.78%, <br> 11/23/29<br>| &nbsp;&nbsp; 4085 | 4218070 |
| State Street Corp. |  |  |
| 2.20%, 03/03/31 | &nbsp;&nbsp; 5180 | 4715085 |
| 2.40%, 01/24/30 | &nbsp;&nbsp; 4858 | 4618781 |
| 2.62%, 02/07/33, (1-day SOFR + 1.00%)<sup>(a)</sup> | &nbsp;&nbsp; 3170 | 2884129 |
| 3.03%, 11/01/34, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 2815 | 2688504 |
| 3.15%, 03/30/31, (1-day SOFR + 2.65%)<sup>(a)</sup> | &nbsp;&nbsp; 3021 | 2925452 |
| 4.14%, 12/03/29, (3-mo. CME Term SOFR <br> + 1.29%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3408 | 3430192 |
| 4.16%, 08/04/33, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 3560 | 3512776 |
| 4.33%, 10/22/27 | &nbsp;&nbsp; 6335 | 6392161 |
| 4.42%, 05/13/33, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 3295 | 3305887 |
| 4.53%, 02/20/29, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 4700 | 4759835 |
| 4.54%, 02/28/28 | &nbsp;&nbsp; 4120 | 4185204 |
| 4.54%, 04/24/28, (1-day SOFR + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 3080 | 3102300 |
| 4.68%, 10/22/32, (1-day SOFR + 1.05%)<sup>(a)</sup> | &nbsp;&nbsp; 3880 | 3964660 |
| 4.73%, 02/28/30 | &nbsp;&nbsp; 3170 | 3257692 |
| 4.78%, 10/23/36, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 4285 | 4277836 |
| 4.82%, 01/26/34, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 3195 | 3257291 |
| 4.83%, 04/24/30 | &nbsp;&nbsp; 4680 | 4822162 |
| 4.99%, 03/18/27 | &nbsp;&nbsp; 5890 | 5961260 |
| 5.15%, 02/28/36, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 3800 | 3911295 |
| 5.16%, 05/18/34, (1-day SOFR + 1.89%)<sup>(a)</sup> | &nbsp;&nbsp; 5070 | 5260946 |
| 5.68%, 11/21/29, (1-day SOFR + 1.48%)<sup>(a)</sup> | &nbsp;&nbsp; 5515 | 5764924 |
| 5.82%, 11/04/28, (1-day SOFR + 1.72%)<sup>(a)</sup> | &nbsp;&nbsp; 2945 | 3037067 |
| 6.12%, 11/21/34, (1-day SOFR + 1.96%)<sup>(a)</sup> | &nbsp;&nbsp; 2460 | 2669910 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 1.71%, 01/12/31 | &nbsp;&nbsp; 2665 | 2375602 |
| 1.90%, 09/17/28 | &nbsp;&nbsp; 9525 | 9050729 |
| 2.13%, 07/08/30 | &nbsp;&nbsp; 6895 | 6345222 |
| 2.14%, 09/23/30 | &nbsp;&nbsp; 4076 | 3730564 |
| 2.22%, 09/17/31 | &nbsp;&nbsp; 4575 | 4108883 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.30%, 01/12/41 | &nbsp;&nbsp; $2620 | $1880625 |
| 2.47%, 01/14/29 | &nbsp;&nbsp; 2225 | 2137891 |
| 2.72%, 09/27/29 | &nbsp;&nbsp; 2491 | 2381882 |
| 2.75%, 01/15/30 | &nbsp;&nbsp; 6100 | 5809652 |
| 2.93%, 09/17/41 | &nbsp;&nbsp; 4340 | 3272430 |
| 3.04%, 07/16/29 | &nbsp;&nbsp; 11595 | 11225613 |
| 3.05%, 01/14/42 | &nbsp;&nbsp; 2715 | 2119722 |
| 3.35%, 10/18/27 | &nbsp;&nbsp; 3869 | 3847193 |
| 3.36%, 07/12/27 | &nbsp;&nbsp; 3786 | 3764008 |
| 3.54%, 01/17/28 | &nbsp;&nbsp; 4191 | 4167488 |
| 3.94%, 07/19/28 | &nbsp;&nbsp; 4064 | 4073458 |
| 4.11%, 01/15/29 | &nbsp;&nbsp; 3110 | 3122509 |
| 4.31%, 10/16/28 | &nbsp;&nbsp; 3232 | 3263777 |
| 4.49%, 01/15/32, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 3940 | 3981229 |
| 4.66%, 07/08/31, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 3260 | 3317494 |
| 4.95%, 07/08/33, (1-day SOFR + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 1850463 |
| 5.05%, 01/15/37, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 5290 | 5352047 |
| 5.24%, 04/15/30 | &nbsp;&nbsp; 2510 | 2619263 |
| 5.25%, 07/08/36, (1-day SOFR + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 2970 | 3072607 |
| 5.32%, 07/09/29 | &nbsp;&nbsp; 3875 | 4029510 |
| 5.33%, 03/03/41, (5-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 2200 | 2209515 |
| 5.42%, 07/09/31 | &nbsp;&nbsp; 5300 | 5582253 |
| 5.45%, 01/15/32 | &nbsp;&nbsp; 3130 | 3306165 |
| 5.52%, 01/13/28 | &nbsp;&nbsp; 8570 | 8829941 |
| 5.56%, 07/09/34 | &nbsp;&nbsp; 5990 | 6338719 |
| 5.57%, 01/15/47, (1-day SOFR + 1.36%)<sup>(a)</sup> | &nbsp;&nbsp; 10210 | 10403765 |
| 5.63%, 01/15/35 | &nbsp;&nbsp; 4500 | 4803856 |
| 5.71%, 01/13/30 | &nbsp;&nbsp; 6350 | 6713618 |
| 5.72%, 09/14/28 | &nbsp;&nbsp; 5545 | 5778741 |
| 5.77%, 01/13/33 | &nbsp;&nbsp; 8215 | 8813848 |
| 5.78%, 07/13/33 | &nbsp;&nbsp; 3105 | 3343553 |
| 5.80%, 07/13/28 | &nbsp;&nbsp; 3140 | 3270671 |
| 5.80%, 07/08/46, (1-day SOFR + 1.78%)<sup>(a)</sup> | &nbsp;&nbsp; 1440 | 1473577 |
| 5.81%, 09/14/33<sup>(c)</sup> | &nbsp;&nbsp; 4120 | 4444688 |
| 5.84%, 07/09/44 | &nbsp;&nbsp; 3345 | 3493653 |
| 5.85%, 07/13/30 | &nbsp;&nbsp; 3010 | 3211925 |
| 6.18%, 07/13/43<sup>(c)</sup> | &nbsp;&nbsp; 2260 | 2497591 |
| Synchrony Bank, 5.63%, 08/23/27 | &nbsp;&nbsp; 3622 | 3689694 |
| Synovus Financial Corp., 6.17%, 11/01/30, <br> (1-day SOFR + 2.35%)<sup>(a)</sup><br>| &nbsp;&nbsp; 615 | 643831 |
| Texas Capital Bancshares, Inc., 5.30%, <br> 02/27/32, (1-day SOFR + 1.94%)<sup>(a)</sup><br>| &nbsp;&nbsp; 20 | 20042 |
| Toronto-Dominion Bank(The) |  |  |
| 2.00%, 09/10/31 | &nbsp;&nbsp; 5323 | 4800235 |
| 2.45%, 01/12/32 | &nbsp;&nbsp; 3940 | 3573353 |
| 2.80%, 03/10/27 | &nbsp;&nbsp; 5775 | 5720731 |
| 3.20%, 03/10/32 | &nbsp;&nbsp; 7470 | 7036099 |
| 3.91%, 01/13/28 | &nbsp;&nbsp; 2440 | 2442181 |
| 4.11%, 06/08/27 | &nbsp;&nbsp; 8195 | 8221136 |
| 4.11%, 10/13/28 | &nbsp;&nbsp; 4410 | 4429860 |
| 4.41%, 01/13/31 | &nbsp;&nbsp; 1690 | 1710004 |
| 4.46%, 06/08/32 | &nbsp;&nbsp; 8690 | 8754804 |
| 4.57%, 06/02/28 | &nbsp;&nbsp; 5050 | 5119839 |
| 4.69%, 09/15/27 | &nbsp;&nbsp; 8370 | 8479393 |
| 4.78%, 12/17/29 | &nbsp;&nbsp; 4660 | 4794581 |
| 4.81%, 06/03/30 | &nbsp;&nbsp; 7620 | 7831780 |
| 4.86%, 01/31/28 | &nbsp;&nbsp; 5075 | 5165617 |
| 4.93%, 10/15/35 | &nbsp;&nbsp; 5910 | 5961029 |
| 4.98%, 04/05/27 | &nbsp;&nbsp; 4490 | 4545060 |
| 4.99%, 04/05/29 | &nbsp;&nbsp; 6920 | 7123979 |
| 5.15%, 09/10/34, (5-year CMT + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 3170 | 3235452 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.16%, 01/10/28 | &nbsp;&nbsp; $6990 | $7147855 |
| 5.30%, 01/30/32 | &nbsp;&nbsp; 4025 | 4232329 |
| 5.52%, 07/17/28 | &nbsp;&nbsp; 6335 | 6563223 |
| Truist Bank |  |  |
| 2.25%, 03/11/30 | &nbsp;&nbsp; 7130 | 6589670 |
| 4.14%, 10/23/29, (1-day SOFR + 0.91%)<sup>(a)</sup> | &nbsp;&nbsp; 4750 | 4751241 |
| 4.42%, 07/24/28, (1-day SOFR + 0.77%)<sup>(a)</sup> | &nbsp;&nbsp; 4990 | 5019674 |
| Series I, 4.14%, 01/27/29, (1-day SOFR + <br> 0.66%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3170 | 3176208 |
| Truist Financial Corp. |  |  |
| 1.13%, 08/03/27 | &nbsp;&nbsp; 4312 | 4153861 |
| 1.89%, 06/07/29, (1-day SOFR + 0.86%)<sup>(a)</sup> | &nbsp;&nbsp; 5900 | 5635507 |
| 1.95%, 06/05/30 | &nbsp;&nbsp; 4720 | 4334158 |
| 3.88%, 03/19/29 | &nbsp;&nbsp; 4916 | 4887901 |
| 4.12%, 06/06/28, (1-day SOFR + 1.37%)<sup>(a)</sup> | &nbsp;&nbsp; 3065 | 3071610 |
| 4.60%, 01/27/32, (1-day SOFR + 0.97%)<sup>(a)</sup> | &nbsp;&nbsp; 3160 | 3193579 |
| 4.87%, 01/26/29, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 5460 | 5543277 |
| 4.92%, 07/28/33, (1-day SOFR + 2.24%)<sup>(a)</sup> | &nbsp;&nbsp; 4610 | 4649226 |
| 4.96%, 10/23/36, (1-day SOFR + 1.40%)<sup>(a)</sup> | &nbsp;&nbsp; 5280 | 5264251 |
| 5.07%, 05/20/31, (1-day SOFR + 1.31%)<sup>(a)</sup> | &nbsp;&nbsp; 6490 | 6692868 |
| 5.12%, 01/26/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 8630 | 8848433 |
| 5.15%, 08/05/32, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 4105 | 4259851 |
| 5.44%, 01/24/30, (1-day SOFR + 1.62%)<sup>(a)</sup> | &nbsp;&nbsp; 5125 | 5315894 |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(a)</sup> | &nbsp;&nbsp; 9525 | 10084938 |
| 5.87%, 06/08/34, (1-day SOFR + 2.36%)<sup>(a)</sup> | &nbsp;&nbsp; 10890 | 11651061 |
| 6.12%, 10/28/33, (1-day SOFR + 2.30%)<sup>(a)</sup> | &nbsp;&nbsp; 3958 | 4292881 |
| 7.16%, 10/30/29, (1-day SOFR + 2.45%)<sup>(a)</sup> | &nbsp;&nbsp; 6065 | 6524518 |
| U.S. Bancorp |  |  |
| 1.38%, 07/22/30 | &nbsp;&nbsp; 9328 | 8341437 |
| 2.49%, 11/03/36, (5-year CMT + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 6935 | 6138032 |
| 2.68%, 01/27/33, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 5183 | 4715248 |
| 3.00%, 07/30/29 | &nbsp;&nbsp; 6599 | 6408624 |
| 3.90%, 04/26/28 | &nbsp;&nbsp; 6569 | 6592560 |
| 4.48%, 01/26/32, (1-day SOFR + 0.87%)<sup>(a)</sup> | &nbsp;&nbsp; 3820 | 3863633 |
| 4.55%, 07/22/28, (1-day SOFR + 1.66%)<sup>(a)</sup> | &nbsp;&nbsp; 8930 | 9004191 |
| 4.65%, 02/01/29, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 6725 | 6812472 |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 7655 | 7765450 |
| 4.97%, 07/22/33, (1-day SOFR + 2.11%)<sup>(a)</sup> | &nbsp;&nbsp; 7205 | 7332254 |
| 5.03%, 01/26/37, (1-day SOFR + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 4480 | 4523168 |
| 5.05%, 02/12/31, (1-day SOFR + 1.06%)<sup>(a)</sup> | &nbsp;&nbsp; 4250 | 4387945 |
| 5.08%, 05/15/31, (1-day SOFR + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 1685 | 1742150 |
| 5.10%, 07/23/30, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 7475 | 7727438 |
| 5.38%, 01/23/30, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 4390 | 4552859 |
| 5.42%, 02/12/36, (1-day SOFR + <br> 1.41%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 5500 | 5768665 |
| 5.68%, 01/23/35, (1-day SOFR + 1.86%)<sup>(a)</sup> | &nbsp;&nbsp; 10120 | 10752740 |
| 5.78%, 06/12/29, (1-day SOFR + 2.02%)<sup>(a)</sup> | &nbsp;&nbsp; 6465 | 6717463 |
| 5.84%, 06/12/34, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 6140 | 6580167 |
| 5.85%, 10/21/33, (1-day SOFR + 2.09%)<sup>(a)</sup> | &nbsp;&nbsp; 8380 | 9028954 |
| Series X, 3.15%, 04/27/27 | &nbsp;&nbsp; 3517 | 3496406 |
| U.S. Bank NA/Cincinnati OH, 4.73%, 05/15/28, <br> (1-day SOFR + 0.91%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3050 | 3078660 |
| UBS AG/London |  |  |
| 4.50%, 06/26/48 | &nbsp;&nbsp; 5515 | 4849420 |
| 5.65%, 09/11/28 | &nbsp;&nbsp; 6860 | 7152624 |
| UBS AG/Stamford CT, 7.50%, 02/15/28 | &nbsp;&nbsp; 460 | 492664 |
| UBS Group AG, 4.88%, 05/15/45 | &nbsp;&nbsp; 10467 | 9772315 |
| Wachovia Corp., 5.50%, 08/01/35 | &nbsp;&nbsp; 5755 | 5985970 |
| Webster Financial Corp., 4.10%, 03/25/29 | &nbsp;&nbsp; 1435 | 1428637 |
| Wells Fargo & Co. |  |  |
| 2.39%, 06/02/28, (1-day SOFR + 2.10%)<sup>(a)</sup> | &nbsp;&nbsp; 15251 | 14949514 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.57%, 02/11/31, (3-mo. CME Term SOFR + <br> 1.26%)<sup>(a)</sup><br>| &nbsp;&nbsp; $15483 | $14571371 |
| 2.88%, 10/30/30, (3-mo. CME Term SOFR <br> + 1.43%)<sup>(a)</sup><br>| &nbsp;&nbsp; 16542 | 15825204 |
| 3.07%, 04/30/41, (1-day SOFR + 2.53%)<sup>(a)</sup> | &nbsp;&nbsp; 17870 | 13938711 |
| 3.35%, 03/02/33, (1-day SOFR + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 18000 | 16903092 |
| 3.53%, 03/24/28, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 15275 | 15193807 |
| 3.58%, 05/22/28, (3-mo. CME Term SOFR <br> + 1.57%)<sup>(a)</sup><br>| &nbsp;&nbsp; 14864 | 14786576 |
| 3.90%, 05/01/45 | &nbsp;&nbsp; 10550 | 8623922 |
| 4.08%, 09/15/29, (1-day SOFR + 0.88%)<sup>(a)</sup> | &nbsp;&nbsp; 12455 | 12458266 |
| 4.15%, 01/24/29 | &nbsp;&nbsp; 14937 | 15025166 |
| 4.18%, 01/23/30, (1-day SOFR + 0.74%)<sup>(a)</sup> | &nbsp;&nbsp; 8690 | 8720966 |
| 4.30%, 07/22/27 | &nbsp;&nbsp; 12941 | 12988602 |
| 4.40%, 06/14/46 | &nbsp;&nbsp; 9570 | 8049869 |
| 4.48%, 04/04/31, (3-mo. CME Term SOFR <br> + 4.03%)<sup>(a)</sup><br>| &nbsp;&nbsp; 9882 | 9980957 |
| 4.61%, 04/25/53, (1-day SOFR + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 16285 | 14033708 |
| 4.65%, 11/04/44 | &nbsp;&nbsp; 9903 | 8703857 |
| 4.75%, 12/07/46 | &nbsp;&nbsp; 9300 | 8225516 |
| 4.81%, 07/25/28, (1-day SOFR + 1.98%)<sup>(a)</sup> | &nbsp;&nbsp; 9325 | 9423621 |
| 4.89%, 09/15/36, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 12275 | 12282843 |
| 4.90%, 07/25/33, (1-day SOFR + 2.10%)<sup>(a)</sup> | &nbsp;&nbsp; 15125 | 15421520 |
| 4.90%, 11/17/45 | &nbsp;&nbsp; 9403 | 8468400 |
| 4.96%, 01/23/37, (1-day SOFR + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 15960 | 16015021 |
| 4.97%, 04/23/29, (1-day SOFR + 1.37%)<sup>(a)</sup> | &nbsp;&nbsp; 13305 | 13562833 |
| 5.01%, 04/04/51, (3-mo. CME Term SOFR <br> + 4.50%)<sup>(a)</sup><br>| &nbsp;&nbsp; 25820 | 23606986 |
| 5.15%, 04/23/31, (1-day SOFR + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 18800 | 19458813 |
| 5.20%, 01/23/30, (1-day SOFR + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 12795 | 13182074 |
| 5.21%, 12/03/35, (1-day SOFR + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 14985 | 15371647 |
| 5.24%, 01/24/31, (1-day SOFR + 1.11%)<sup>(a)</sup> | &nbsp;&nbsp; 9270 | 9621378 |
| 5.38%, 02/07/35 | &nbsp;&nbsp; 4670 | 4908640 |
| 5.38%, 11/02/43 | &nbsp;&nbsp; 9478 | 9250043 |
| 5.39%, 04/24/34, (1-day SOFR + 2.02%)<sup>(a)</sup> | &nbsp;&nbsp; 14690 | 15301290 |
| 5.43%, 01/23/47, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 14260 | 14127434 |
| 5.50%, 01/23/35, (1-day SOFR + 1.78%)<sup>(a)</sup> | &nbsp;&nbsp; 15535 | 16263902 |
| 5.56%, 07/25/34, (1-day SOFR + 1.99%)<sup>(a)</sup> | &nbsp;&nbsp; 22259 | 23409847 |
| 5.57%, 07/25/29, (1-day SOFR + 1.74%)<sup>(a)</sup> | &nbsp;&nbsp; 14640 | 15150347 |
| 5.61%, 04/23/36, (1-day SOFR + 1.74%)<sup>(a)</sup> | &nbsp;&nbsp; 11930 | 12553595 |
| 5.61%, 01/15/44 | &nbsp;&nbsp; 11530 | 11471380 |
| 5.71%, 04/22/28, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 15925 | 16217427 |
| 5.95%, 12/01/86 | &nbsp;&nbsp; 2871 | 3041462 |
| 6.30%, 10/23/29, (1-day SOFR + 1.79%)<sup>(a)</sup> | &nbsp;&nbsp; 9050 | 9546352 |
| 6.49%, 10/23/34, (1-day SOFR + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 15330 | 17020363 |
| Series B, 7.95%, 11/15/29 | &nbsp;&nbsp; 2649 | 2986817 |
| Wells Fargo Bank NA |  |  |
| 5.85%, 02/01/37 | &nbsp;&nbsp; 5519 | 5875879 |
| 5.95%, 08/26/36 | &nbsp;&nbsp; 3052 | 3287431 |
| 6.60%, 01/15/38 | &nbsp;&nbsp; 6890 | 7797578 |
| Westpac Banking Corp. |  |  |
| 1.95%, 11/20/28 | &nbsp;&nbsp; 5660 | 5401624 |
| 2.15%, 06/03/31 | &nbsp;&nbsp; 6370 | 5831042 |
| 2.65%, 01/16/30 | &nbsp;&nbsp; 3564 | 3411782 |
| 2.67%, 11/15/35, (5-year CMT + 1.75%)<sup>(a)</sup> | &nbsp;&nbsp; 7369 | 6770004 |
| 2.96%, 11/16/40 | &nbsp;&nbsp; 5508 | 4289207 |
| 3.02%, 11/18/36, (5-year CMT + 1.53%)<sup>(a)</sup> | &nbsp;&nbsp; 6180 | 5658345 |
| 3.13%, 11/18/41 | &nbsp;&nbsp; 5434 | 4193219 |
| 3.35%, 03/08/27 | &nbsp;&nbsp; 5145 | 5128971 |
| 3.40%, 01/25/28 | &nbsp;&nbsp; 4835 | 4813738 |
| 4.04%, 08/26/27 | &nbsp;&nbsp; 2406 | 2420416 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.11%, 07/24/34, (5-year CMT + 2.00%)<sup>(a)</sup> | &nbsp;&nbsp; $5628 | $5579584 |
| 4.35%, 07/01/30 | &nbsp;&nbsp; 4260 | 4334938 |
| 4.42%, 07/24/39 | &nbsp;&nbsp; 4741 | 4432066 |
| 5.05%, 04/16/29 | &nbsp;&nbsp; 3440 | 3573046 |
| 5.41%, 08/10/33, (1-year CMT + 2.68%)<sup>(a)</sup> | &nbsp;&nbsp; 3290 | 3431780 |
| 5.46%, 11/18/27 | &nbsp;&nbsp; 6037 | 6217218 |
| 5.54%, 11/17/28 | &nbsp;&nbsp; 5135 | 5370177 |
| 5.62%, 11/20/35, (1-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 6575 | 6882527 |
| 6.82%, 11/17/33 | &nbsp;&nbsp; 3615 | 4075730 |
| Wintrust Financial Corp., 4.85%, 06/06/29 | &nbsp;&nbsp; 1032 | 1031681 |
| Zions Bancorp N.A. |  |  |
| 3.25%, 10/29/29 | &nbsp;&nbsp; 2191 | 2084764 |
| 4.48%, 02/09/29, (1-day SOFR + 1.06%)<sup>(a)</sup> | &nbsp;&nbsp; 1250 | 1251044 |
| 4.70%, 08/18/28, (1-day SOFR + 1.16%)<sup>(a)</sup> | &nbsp;&nbsp; 1250 | 1256296 |
| 6.82%, 11/19/35, (1-day SOFR + 2.83%)<sup>(a)</sup> | &nbsp;&nbsp; 1260 | 1339562 |
|  |  | 7498437759 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| Anheuser-Busch <br> Companies LLC/Anheuser-Busch InBev <br> Worldwide, Inc.<br>|  |  |
| 4.70%, 02/01/36 | &nbsp;&nbsp; 23858 | 23908241 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 40021 | 37634067 |
| Anheuser-Busch InBev Finance, Inc. |  |  |
| 4.00%, 01/17/43 | &nbsp;&nbsp; 220 | 188879 |
| 4.63%, 02/01/44 | &nbsp;&nbsp; 3233 | 2976114 |
| 4.70%, 02/01/36 | &nbsp;&nbsp; 3601 | 3613994 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 6474 | 6054194 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 8751 | 8623566 |
| 4.38%, 04/15/38 | &nbsp;&nbsp; 3768 | 3624915 |
| 4.44%, 10/06/48 | &nbsp;&nbsp; 8400 | 7367700 |
| 4.50%, 06/01/50 | &nbsp;&nbsp; 1260 | 1167136 |
| 4.60%, 04/15/48 | &nbsp;&nbsp; 1610 | 1447859 |
| 4.75%, 01/23/29 | &nbsp;&nbsp; 10934 | 11193113 |
| 4.75%, 04/15/58 | &nbsp;&nbsp; 2845 | 2536629 |
| 4.90%, 01/23/31 | &nbsp;&nbsp; 4724 | 4919479 |
| 4.95%, 01/15/42 | &nbsp;&nbsp; 7495 | 7276454 |
| 5.00%, 06/15/34 | &nbsp;&nbsp; 4800 | 4994238 |
| 5.45%, 01/23/39 | &nbsp;&nbsp; 9315 | 9766954 |
| 5.55%, 01/23/49 | &nbsp;&nbsp; 17270 | 17376774 |
| 5.80%, 01/23/59 | &nbsp;&nbsp; 8886 | 9221654 |
| 5.88%, 06/15/35 | &nbsp;&nbsp; 1840 | 2025774 |
| 8.00%, 11/15/39 | &nbsp;&nbsp; 2605 | 3374638 |
| 8.20%, 01/15/39 | &nbsp;&nbsp; 6251 | 8143991 |
| Brown-Forman Corp. |  |  |
| 4.00%, 04/15/38 | &nbsp;&nbsp; 1724 | 1584196 |
| 4.50%, 07/15/45 | &nbsp;&nbsp; 3100 | 2761490 |
| 4.75%, 04/15/33 | &nbsp;&nbsp; 3010 | 3086215 |
| Coca-Cola Co.(The) |  |  |
| 1.00%, 03/15/28 | &nbsp;&nbsp; 6844 | 6508946 |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 5115 | 4536907 |
| 1.45%, 06/01/27 | &nbsp;&nbsp; 5302 | 5164709 |
| 1.50%, 03/05/28 | &nbsp;&nbsp; 4697 | 4513898 |
| 1.65%, 06/01/30 | &nbsp;&nbsp; 7029 | 6439996 |
| 2.00%, 03/05/31 | &nbsp;&nbsp; 4546 | 4164876 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 5873 | 5577733 |
| 2.25%, 01/05/32 | &nbsp;&nbsp; 9475 | 8636074 |
| 2.50%, 06/01/40 | &nbsp;&nbsp; 5768 | 4376583 |
| 2.50%, 03/15/51 | &nbsp;&nbsp; 7265 | 4470422 |
| 2.60%, 06/01/50 | &nbsp;&nbsp; 7414 | 4704982 |
| 2.75%, 06/01/60<sup>(c)</sup> | &nbsp;&nbsp; 5676 | 3394726 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 2.88%, 05/05/41 | &nbsp;&nbsp; $4190 | $3278504 |
| 2.90%, 05/25/27 | &nbsp;&nbsp; 4482 | 4445117 |
| 3.00%, 03/05/51 | &nbsp;&nbsp; 6645 | 4524407 |
| 3.38%, 03/25/27 | &nbsp;&nbsp; 6737 | 6727297 |
| 3.45%, 03/25/30 | &nbsp;&nbsp; 6563 | 6488319 |
| 4.20%, 03/25/50 | &nbsp;&nbsp; 3616 | 3106099 |
| 4.65%, 08/14/34<sup>(c)</sup> | &nbsp;&nbsp; 3325 | 3437328 |
| 5.00%, 05/13/34 | &nbsp;&nbsp; 4390 | 4620176 |
| 5.20%, 01/14/55<sup>(c)</sup> | &nbsp;&nbsp; 4735 | 4640247 |
| 5.30%, 05/13/54 | &nbsp;&nbsp; 4525 | 4494801 |
| 5.40%, 05/13/64 | &nbsp;&nbsp; 6935 | 6858421 |
| Coca-Cola Consolidated, Inc. |  |  |
| 5.25%, 06/01/29 | &nbsp;&nbsp; 4100 | 4253212 |
| 5.45%, 06/01/34 | &nbsp;&nbsp; 2455 | 2602080 |
| Coca-Cola Femsa SAB de CV |  |  |
| 1.85%, 09/01/32 | &nbsp;&nbsp; 4098 | 3517721 |
| 2.75%, 01/22/30 | &nbsp;&nbsp; 6088 | 5811883 |
| 5.10%, 05/06/35 | &nbsp;&nbsp; 1160 | 1194177 |
| 5.25%, 11/26/43 | &nbsp;&nbsp; 2522 | 2547864 |
| Constellation Brands, Inc. |  |  |
| 2.25%, 08/01/31 | &nbsp;&nbsp; 1890 | 1699581 |
| 2.88%, 05/01/30 | &nbsp;&nbsp; 3475 | 3301459 |
| 3.15%, 08/01/29 | &nbsp;&nbsp; 4762 | 4629174 |
| 3.50%, 05/09/27 | &nbsp;&nbsp; 3190 | 3174035 |
| 3.60%, 02/15/28 | &nbsp;&nbsp; 3275 | 3254690 |
| 3.75%, 05/01/50 | &nbsp;&nbsp; 2895 | 2182823 |
| 4.10%, 02/15/48 | &nbsp;&nbsp; 2981 | 2400995 |
| 4.35%, 05/09/27 | &nbsp;&nbsp; 3285 | 3300126 |
| 4.50%, 05/09/47 | &nbsp;&nbsp; 2475 | 2127549 |
| 4.65%, 11/15/28 | &nbsp;&nbsp; 2937 | 2982205 |
| 4.75%, 05/09/32 | &nbsp;&nbsp; 1365 | 1388015 |
| 4.80%, 01/15/29 | &nbsp;&nbsp; 2070 | 2112869 |
| 4.80%, 05/01/30<sup>(c)</sup> | &nbsp;&nbsp; 1665 | 1706797 |
| 4.90%, 05/01/33 | &nbsp;&nbsp; 3915 | 3987259 |
| 4.95%, 11/01/35 | &nbsp;&nbsp; 2030 | 2031720 |
| 5.25%, 11/15/48 | &nbsp;&nbsp; 2500 | 2354188 |
| Diageo Capital PLC |  |  |
| 2.00%, 04/29/30 | &nbsp;&nbsp; 6646 | 6121841 |
| 2.13%, 04/29/32 | &nbsp;&nbsp; 4003 | 3525977 |
| 2.38%, 10/24/29 | &nbsp;&nbsp; 4815 | 4559194 |
| 3.88%, 05/18/28 | &nbsp;&nbsp; 3719 | 3726341 |
| 3.88%, 04/29/43 | &nbsp;&nbsp; 2532 | 2116074 |
| 5.30%, 10/24/27 | &nbsp;&nbsp; 5105 | 5224970 |
| 5.50%, 01/24/33 | &nbsp;&nbsp; 3797 | 4023472 |
| 5.63%, 10/05/33 | &nbsp;&nbsp; 3780 | 4051654 |
| 5.88%, 09/30/36 | &nbsp;&nbsp; 3590 | 3921277 |
| Diageo Investment Corp. |  |  |
| 4.25%, 05/11/42<sup>(c)</sup> | &nbsp;&nbsp; 2092 | 1855667 |
| 5.13%, 08/15/30 | &nbsp;&nbsp; 1920 | 1998272 |
| 5.63%, 04/15/35 | &nbsp;&nbsp; 950 | 1010439 |
| 7.45%, 04/15/35 | &nbsp;&nbsp; 3660 | 4436220 |
| Fomento Economico Mexicano SAB de CV |  |  |
| 3.50%, 01/16/50 | &nbsp;&nbsp; 755 | 572153 |
| 4.38%, 05/10/43 | &nbsp;&nbsp; 1000 | 901223 |
| Keurig Dr Pepper, Inc. |  |  |
| 2.25%, 03/15/31 | &nbsp;&nbsp; 2738 | 2470878 |
| 3.20%, 05/01/30 | &nbsp;&nbsp; 3304 | 3162636 |
| 3.35%, 03/15/51 | &nbsp;&nbsp; 2480 | 1681937 |
| 3.43%, 06/15/27 | &nbsp;&nbsp; 4158 | 4126765 |
| 3.80%, 05/01/50 | &nbsp;&nbsp; 3870 | 2855143 |
| 3.95%, 04/15/29 | &nbsp;&nbsp; 5935 | 5897511 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 4.05%, 04/15/32 | &nbsp;&nbsp; $3865 | $3758754 |
| 4.35%, 05/15/28 | &nbsp;&nbsp; 4595 | 4620217 |
| 4.42%, 12/15/46 | &nbsp;&nbsp; 2007 | 1668549 |
| 4.50%, 11/15/45 | &nbsp;&nbsp; 2770 | 2367041 |
| 4.50%, 04/15/52 | &nbsp;&nbsp; 4670 | 3860583 |
| 4.60%, 05/25/28 | &nbsp;&nbsp; 3570 | 3605333 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 2285 | 2307326 |
| 5.05%, 03/15/29 | &nbsp;&nbsp; 3325 | 3407965 |
| 5.09%, 05/25/48 | &nbsp;&nbsp; 2040 | 1856389 |
| 5.10%, 03/15/27 | &nbsp;&nbsp; 2185 | 2208012 |
| 5.15%, 05/15/35 | &nbsp;&nbsp; 2935 | 2972130 |
| 5.30%, 03/15/34 | &nbsp;&nbsp; 2220 | 2284475 |
| Series 10, 5.20%, 03/15/31 | &nbsp;&nbsp; 2785 | 2878188 |
| Molson Coors Beverage Co. |  |  |
| 4.20%, 07/15/46 | &nbsp;&nbsp; 8452 | 6867956 |
| 5.00%, 05/01/42 | &nbsp;&nbsp; 5292 | 4956870 |
| PepsiCo Singapore Financing I Pte Ltd. |  |  |
| 4.55%, 02/16/29 | &nbsp;&nbsp; 2010 | 2053426 |
| 4.70%, 02/16/34 | &nbsp;&nbsp; 2930 | 2978842 |
| PepsiCo, Inc. |  |  |
| 1.40%, 02/25/31 | &nbsp;&nbsp; 4400 | 3912230 |
| 1.63%, 05/01/30 | &nbsp;&nbsp; 7588 | 6937290 |
| 1.95%, 10/21/31<sup>(c)</sup> | &nbsp;&nbsp; 6235 | 5598592 |
| 2.63%, 03/19/27 | &nbsp;&nbsp; 3498 | 3458803 |
| 2.63%, 07/29/29 | &nbsp;&nbsp; 5398 | 5202995 |
| 2.63%, 10/21/41 | &nbsp;&nbsp; 3450 | 2566954 |
| 2.75%, 03/19/30 | &nbsp;&nbsp; 7228 | 6927945 |
| 2.75%, 10/21/51 | &nbsp;&nbsp; 4440 | 2859259 |
| 2.88%, 10/15/49 | &nbsp;&nbsp; 4277 | 2884685 |
| 3.00%, 10/15/27 | &nbsp;&nbsp; 7706 | 7640743 |
| 3.38%, 07/29/49 | &nbsp;&nbsp; 2250 | 1662779 |
| 3.45%, 10/06/46 | &nbsp;&nbsp; 4029 | 3131345 |
| 3.50%, 03/19/40 | &nbsp;&nbsp; 2095 | 1806410 |
| 3.60%, 02/18/28 | &nbsp;&nbsp; 5105 | 5105770 |
| 3.60%, 08/13/42 | &nbsp;&nbsp; 1635 | 1357443 |
| 3.63%, 03/19/50 | &nbsp;&nbsp; 4149 | 3198244 |
| 3.88%, 03/19/60 | &nbsp;&nbsp; 1445 | 1119068 |
| 3.90%, 07/18/32 | &nbsp;&nbsp; 6120 | 6073141 |
| 4.00%, 03/05/42 | &nbsp;&nbsp; 2290 | 2011005 |
| 4.00%, 05/02/47 | &nbsp;&nbsp; 2505 | 2099146 |
| 4.10%, 01/15/29 | &nbsp;&nbsp; 3360 | 3395491 |
| 4.20%, 07/18/52 | &nbsp;&nbsp; 2855 | 2398313 |
| 4.25%, 10/22/44 | &nbsp;&nbsp; 1500 | 1325883 |
| 4.30%, 07/23/30<sup>(c)</sup> | &nbsp;&nbsp; 2020 | 2060345 |
| 4.45%, 02/07/28 | &nbsp;&nbsp; 2100 | 2131839 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 4035 | 4099160 |
| 4.45%, 02/15/33<sup>(c)</sup> | &nbsp;&nbsp; 4020 | 4122886 |
| 4.45%, 04/14/46 | &nbsp;&nbsp; 4475 | 4052711 |
| 4.50%, 07/17/29 | &nbsp;&nbsp; 4495 | 4600452 |
| 4.60%, 02/07/30 | &nbsp;&nbsp; 2350 | 2414983 |
| 4.65%, 07/23/32<sup>(c)</sup> | &nbsp;&nbsp; 3140 | 3236558 |
| 4.65%, 02/15/53 | &nbsp;&nbsp; 2385 | 2149584 |
| 4.80%, 07/17/34 | &nbsp;&nbsp; 4010 | 4146170 |
| 4.88%, 11/01/40 | &nbsp;&nbsp; 2460 | 2459848 |
| 5.00%, 02/07/35<sup>(c)</sup> | &nbsp;&nbsp; 3500 | 3624780 |
| 5.00%, 07/23/35 | &nbsp;&nbsp; 4510 | 4671801 |
| 5.25%, 07/17/54 | &nbsp;&nbsp; 3415 | 3390746 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 2110 | 2245613 |
| 7.00%, 03/01/29 | &nbsp;&nbsp; 3645 | 3981863 |
|  |  | 621493827 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology — 0.3%** | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** |
| Amgen, Inc. |  |  |
| 1.65%, 08/15/28 | &nbsp;&nbsp; $6308 | $5992694 |
| 2.00%, 01/15/32 | &nbsp;&nbsp; 5520 | 4875604 |
| 2.30%, 02/25/31 | &nbsp;&nbsp; 6176 | 5675995 |
| 2.45%, 02/21/30 | &nbsp;&nbsp; 5272 | 4972431 |
| 2.77%, 09/01/53 | &nbsp;&nbsp; 4045 | 2465484 |
| 2.80%, 08/15/41 | &nbsp;&nbsp; 3625 | 2713110 |
| 3.00%, 02/22/29 | &nbsp;&nbsp; 3035 | 2960962 |
| 3.00%, 01/15/52 | &nbsp;&nbsp; 4317 | 2881326 |
| 3.15%, 02/21/40 | &nbsp;&nbsp; 5372 | 4315100 |
| 3.20%, 11/02/27 | &nbsp;&nbsp; 6367 | 6306180 |
| 3.35%, 02/22/32 | &nbsp;&nbsp; 4136 | 3938289 |
| 3.38%, 02/21/50 | &nbsp;&nbsp; 7585 | 5519729 |
| 4.05%, 08/18/29 | &nbsp;&nbsp; 6310 | 6336200 |
| 4.20%, 02/19/31<sup>(c)</sup> | &nbsp;&nbsp; 3265 | 3274536 |
| 4.20%, 03/01/33 | &nbsp;&nbsp; 4300 | 4245334 |
| 4.20%, 02/22/52 | &nbsp;&nbsp; 3609 | 2918564 |
| 4.40%, 05/01/45 | &nbsp;&nbsp; 10709 | 9352659 |
| 4.40%, 02/22/62 | &nbsp;&nbsp; 4731 | 3781137 |
| 4.56%, 06/15/48 | &nbsp;&nbsp; 6519 | 5687748 |
| 4.66%, 06/15/51 | &nbsp;&nbsp; 14300 | 12498800 |
| 4.85%, 02/19/36 | &nbsp;&nbsp; 5000 | 5027018 |
| 4.88%, 03/01/53 | &nbsp;&nbsp; 5115 | 4560381 |
| 4.95%, 10/01/41 | &nbsp;&nbsp; 3292 | 3162051 |
| 5.15%, 03/02/28 | &nbsp;&nbsp; 17375 | 17792290 |
| 5.15%, 11/15/41 | &nbsp;&nbsp; 3955 | 3877206 |
| 5.25%, 03/02/30 | &nbsp;&nbsp; 13560 | 14149270 |
| 5.25%, 03/02/33 | &nbsp;&nbsp; 17810 | 18639382 |
| 5.50%, 02/19/46 | &nbsp;&nbsp; 4150 | 4126766 |
| 5.60%, 03/02/43 | &nbsp;&nbsp; 12560 | 12843510 |
| 5.65%, 06/15/42 | &nbsp;&nbsp; 2290 | 2368116 |
| 5.65%, 03/02/53 | &nbsp;&nbsp; 18115 | 18079046 |
| 5.65%, 02/19/56 | &nbsp;&nbsp; 1085 | 1082909 |
| 5.75%, 03/15/40 | &nbsp;&nbsp; 1250 | 1324621 |
| 5.75%, 03/02/63 | &nbsp;&nbsp; 11675 | 11553996 |
| 6.38%, 06/01/37 | &nbsp;&nbsp; 2990 | 3364042 |
| 6.40%, 02/01/39 | &nbsp;&nbsp; 3430 | 3839705 |
| Baxalta, Inc., 5.25%, 06/23/45 | &nbsp;&nbsp; 2688 | 2615231 |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/30 | &nbsp;&nbsp; 8290 | 7687652 |
| 3.15%, 05/01/50 | &nbsp;&nbsp; 6966 | 4583470 |
| 3.25%, 02/15/51 | &nbsp;&nbsp; 3506 | 2325606 |
| 5.05%, 01/15/31 | &nbsp;&nbsp; 1295 | 1343230 |
| 5.20%, 09/15/45 | &nbsp;&nbsp; 5352 | 5015741 |
| 5.75%, 05/15/35 | &nbsp;&nbsp; 2200 | 2345109 |
| 6.45%, 05/15/55 | &nbsp;&nbsp; 3050 | 3259289 |
| Bio-Rad Laboratories, Inc. |  |  |
| 3.30%, 03/15/27 | &nbsp;&nbsp; 2931 | 2907931 |
| 3.70%, 03/15/32 | &nbsp;&nbsp; 4200 | 3997346 |
| Gilead Sciences, Inc. |  |  |
| 1.20%, 10/01/27 | &nbsp;&nbsp; 4837 | 4652480 |
| 1.65%, 10/01/30 | &nbsp;&nbsp; 6208 | 5612364 |
| 2.60%, 10/01/40 | &nbsp;&nbsp; 4626 | 3462033 |
| 2.80%, 10/01/50 | &nbsp;&nbsp; 7675 | 4926268 |
| 2.95%, 03/01/27 | &nbsp;&nbsp; 7429 | 7375220 |
| 4.00%, 09/01/36 | &nbsp;&nbsp; 4383 | 4131607 |
| 4.15%, 03/01/47 | &nbsp;&nbsp; 8800 | 7387839 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 6990 | 6244531 |
| 4.60%, 09/01/35 | &nbsp;&nbsp; 5493 | 5485437 |
| 4.75%, 03/01/46 | &nbsp;&nbsp; 11083 | 10146712 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 3220 | 3318351 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology (continued)** | **Biotechnology (continued)** | **Biotechnology (continued)** |
| 4.80%, 04/01/44 | &nbsp;&nbsp; $6321 | $5913023 |
| 5.10%, 06/15/35 | &nbsp;&nbsp; 4920 | 5090890 |
| 5.25%, 10/15/33 | &nbsp;&nbsp; 2985 | 3150078 |
| 5.50%, 11/15/54 | &nbsp;&nbsp; 4240 | 4224321 |
| 5.55%, 10/15/53 | &nbsp;&nbsp; 4940 | 4968940 |
| 5.60%, 11/15/64 | &nbsp;&nbsp; 3295 | 3301404 |
| 5.65%, 12/01/41 | &nbsp;&nbsp; 4687 | 4909422 |
| Illumina, Inc. |  |  |
| 2.55%, 03/23/31 | &nbsp;&nbsp; 1225 | 1123812 |
| 4.75%, 12/12/30 | &nbsp;&nbsp; 2140 | 2171754 |
| 5.75%, 12/13/27 | &nbsp;&nbsp; 3880 | 3992134 |
| Regeneron Pharmaceuticals, Inc. |  |  |
| 1.75%, 09/15/30 | &nbsp;&nbsp; 7002 | 6311210 |
| 2.80%, 09/15/50 | &nbsp;&nbsp; 3640 | 2253412 |
| Royalty Pharma PLC |  |  |
| 1.75%, 09/02/27 | &nbsp;&nbsp; 4996 | 4834842 |
| 2.15%, 09/02/31 | &nbsp;&nbsp; 2989 | 2670325 |
| 2.20%, 09/02/30 | &nbsp;&nbsp; 4379 | 4017622 |
| 3.30%, 09/02/40 | &nbsp;&nbsp; 4822 | 3806742 |
| 3.35%, 09/02/51 | &nbsp;&nbsp; 3250 | 2198750 |
| 3.55%, 09/02/50 | &nbsp;&nbsp; 4717 | 3337131 |
| 4.45%, 03/25/31 | &nbsp;&nbsp; 1900 | 1910453 |
| 5.15%, 09/02/29 | &nbsp;&nbsp; 3210 | 3317215 |
| 5.20%, 09/25/35 | &nbsp;&nbsp; 2430 | 2468107 |
| 5.40%, 09/02/34 | &nbsp;&nbsp; 2585 | 2672706 |
| 5.90%, 09/02/54 | &nbsp;&nbsp; 2385 | 2394367 |
| 5.95%, 09/25/55 | &nbsp;&nbsp; 2635 | 2662951 |
|  |  | 409027249 |
| **Building Materials — 0.2%** | **Building Materials — 0.2%** | **Building Materials — 0.2%** |
| Amrize Finance U.S. LLC |  |  |
| 4.60%, 04/07/27 | &nbsp;&nbsp; 1020 | 1027330 |
| 4.70%, 04/07/28 | &nbsp;&nbsp; 2020 | 2050936 |
| 4.75%, 09/22/46 | &nbsp;&nbsp; 230 | 208876 |
| 4.95%, 04/07/30 | &nbsp;&nbsp; 1640 | 1686291 |
| 5.40%, 04/07/35 | &nbsp;&nbsp; 2380 | 2488067 |
| 7.13%, 07/15/36 | &nbsp;&nbsp; 200 | 234429 |
| Carlisle Companies, Inc. |  |  |
| 2.20%, 03/01/32 | &nbsp;&nbsp; 2630 | 2324020 |
| 2.75%, 03/01/30 | &nbsp;&nbsp; 4199 | 3984965 |
| 3.75%, 12/01/27 | &nbsp;&nbsp; 3205 | 3194798 |
| 5.25%, 09/15/35<sup>(c)</sup> | &nbsp;&nbsp; 1020 | 1052633 |
| 5.55%, 09/15/40<sup>(c)</sup> | &nbsp;&nbsp; 1255 | 1294575 |
| Carrier Global Corp. |  |  |
| 2.70%, 02/15/31 | &nbsp;&nbsp; 3770 | 3528350 |
| 2.72%, 02/15/30 | &nbsp;&nbsp; 9518 | 9044399 |
| 3.38%, 04/05/40 | &nbsp;&nbsp; 7465 | 6112930 |
| 3.58%, 04/05/50 | &nbsp;&nbsp; 6818 | 5107550 |
| 5.90%, 03/15/34 | &nbsp;&nbsp; 3012 | 3255391 |
| 6.20%, 03/15/54 | &nbsp;&nbsp; 2479 | 2725410 |
| CRH America Finance, Inc. |  |  |
| 4.40%, 02/09/31 | &nbsp;&nbsp; 3815 | 3842074 |
| 5.00%, 02/09/36 | &nbsp;&nbsp; 3975 | 4022849 |
| 5.40%, 05/21/34 | &nbsp;&nbsp; 2080 | 2173753 |
| 5.50%, 01/09/35 | &nbsp;&nbsp; 3660 | 3850165 |
| 5.60%, 02/09/56 | &nbsp;&nbsp; 3235 | 3234529 |
| 5.88%, 01/09/55 | &nbsp;&nbsp; 1570 | 1628642 |
| CRH SMW Finance DAC |  |  |
| 5.13%, 01/09/30 | &nbsp;&nbsp; 3400 | 3519155 |
| 5.20%, 05/21/29 | &nbsp;&nbsp; 2370 | 2454863 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Eagle Materials, Inc. |  |  |
| 2.50%, 07/01/31 | &nbsp;&nbsp; $2720 | $2490234 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 1745 | 1729340 |
| Fortune Brands Innovations, Inc. |  |  |
| 3.25%, 09/15/29 | &nbsp;&nbsp; 3977 | 3852516 |
| 4.00%, 03/25/32 | &nbsp;&nbsp; 2285 | 2219688 |
| 4.50%, 03/25/52 | &nbsp;&nbsp; 2917 | 2371521 |
| 5.88%, 06/01/33<sup>(c)</sup> | &nbsp;&nbsp; 2704 | 2893043 |
| Johnson Controls International PLC |  |  |
| 4.50%, 02/15/47 | &nbsp;&nbsp; 2687 | 2370754 |
| 4.63%, 07/02/44 | &nbsp;&nbsp; 2805 | 2538005 |
| 4.95%, 07/02/64<sup>(e)</sup> | &nbsp;&nbsp; 2677 | 2385817 |
| 6.00%, 01/15/36 | &nbsp;&nbsp; 1349 | 1473590 |
| Johnson Controls International PLC/Tyco Fire <br> & Security Finance SCA<br>|  |  |
| 1.75%, 09/15/30 | &nbsp;&nbsp; 3485 | 3152684 |
| 2.00%, 09/16/31 | &nbsp;&nbsp; 2655 | 2366355 |
| 4.90%, 12/01/32 | &nbsp;&nbsp; 3130 | 3216130 |
| 5.50%, 04/19/29 | &nbsp;&nbsp; 3315 | 3466801 |
| Lennox International, Inc. |  |  |
| 1.70%, 08/01/27 | &nbsp;&nbsp; 2063 | 1999756 |
| 5.50%, 09/15/28 | &nbsp;&nbsp; 2670 | 2762324 |
| Martin Marietta Materials, Inc. |  |  |
| 2.40%, 07/15/31 | &nbsp;&nbsp; 2550 | 2321031 |
| 3.20%, 07/15/51 | &nbsp;&nbsp; 5170 | 3509849 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 2383 | 2370188 |
| 3.50%, 12/15/27 | &nbsp;&nbsp; 4104 | 4076696 |
| 4.25%, 12/15/47 | &nbsp;&nbsp; 4325 | 3627112 |
| 5.15%, 12/01/34 | &nbsp;&nbsp; 1940 | 2001314 |
| 5.50%, 12/01/54 | &nbsp;&nbsp; 2260 | 2217457 |
| Series CB, 2.50%, 03/15/30 | &nbsp;&nbsp; 3516 | 3313200 |
| Masco Corp. |  |  |
| 1.50%, 02/15/28 | &nbsp;&nbsp; 3577 | 3413410 |
| 2.00%, 10/01/30 | &nbsp;&nbsp; 2824 | 2559081 |
| 2.00%, 02/15/31 | &nbsp;&nbsp; 3120 | 2805665 |
| 3.13%, 02/15/51 | &nbsp;&nbsp; 2051 | 1377787 |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 2468 | 2452277 |
| 4.50%, 05/15/47 | &nbsp;&nbsp; 2265 | 1963058 |
| Mohawk Industries, Inc. |  |  |
| 3.63%, 05/15/30 | &nbsp;&nbsp; 1700 | 1662855 |
| 5.85%, 09/18/28 | &nbsp;&nbsp; 1825 | 1900042 |
| Owens Corning |  |  |
| 3.50%, 02/15/30 | &nbsp;&nbsp; 1040 | 1017140 |
| 3.88%, 06/01/30 | &nbsp;&nbsp; 2155 | 2131820 |
| 3.95%, 08/15/29 | &nbsp;&nbsp; 3413 | 3400698 |
| 4.30%, 07/15/47 | &nbsp;&nbsp; 4886 | 4050532 |
| 4.40%, 01/30/48 | &nbsp;&nbsp; 3344 | 2830514 |
| 5.50%, 06/15/27 | &nbsp;&nbsp; 1920 | 1955246 |
| 5.70%, 06/15/34<sup>(c)</sup> | &nbsp;&nbsp; 3580 | 3796077 |
| 5.95%, 06/15/54<sup>(c)</sup> | &nbsp;&nbsp; 1265 | 1307895 |
| 7.00%, 12/01/36 | &nbsp;&nbsp; 1605 | 1844828 |
| Trane Technologies Financing Ltd. |  |  |
| 3.80%, 03/21/29 | &nbsp;&nbsp; 4760 | 4761652 |
| 4.50%, 03/21/49 | &nbsp;&nbsp; 1925 | 1698979 |
| 4.65%, 11/01/44 | &nbsp;&nbsp; 1513 | 1398879 |
| 5.10%, 06/13/34 | &nbsp;&nbsp; 2865 | 2985438 |
| 5.25%, 03/03/33 | &nbsp;&nbsp; 1765 | 1856954 |
| Trane Technologies Holdco, Inc. |  |  |
| 3.75%, 08/21/28 | &nbsp;&nbsp; 3983 | 3991292 |
| 4.30%, 02/21/48 | &nbsp;&nbsp; 1928 | 1673872 |
| 5.75%, 06/15/43 | &nbsp;&nbsp; 2372 | 2524109 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Vulcan Materials Co. |  |  |
| 3.50%, 06/01/30 | &nbsp;&nbsp; $4275 | $4178947 |
| 3.90%, 04/01/27<sup>(c)</sup> | &nbsp;&nbsp; 2660 | 2659035 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 3489 | 3038915 |
| 4.70%, 03/01/48 | &nbsp;&nbsp; 2548 | 2281707 |
| 4.95%, 12/01/29 | &nbsp;&nbsp; 2175 | 2241451 |
| 5.35%, 12/01/34 | &nbsp;&nbsp; 3510 | 3658845 |
| 5.70%, 12/01/54 | &nbsp;&nbsp; 3595 | 3618153 |
|  |  | 221809538 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| Air Products and Chemicals, Inc. |  |  |
| 1.85%, 05/15/27 | &nbsp;&nbsp; 6647 | 6509577 |
| 2.05%, 05/15/30 | &nbsp;&nbsp; 4187 | 3881399 |
| 2.70%, 05/15/40 | &nbsp;&nbsp; 4291 | 3284006 |
| 2.80%, 05/15/50 | &nbsp;&nbsp; 5432 | 3541296 |
| 4.30%, 06/11/28 | &nbsp;&nbsp; 2480 | 2510228 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 5280 | 5401926 |
| 4.75%, 02/08/31 | &nbsp;&nbsp; 3525 | 3639932 |
| 4.80%, 03/03/33 | &nbsp;&nbsp; 3735 | 3845221 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 4660 | 4781354 |
| 4.90%, 10/11/32 | &nbsp;&nbsp; 1600 | 1655893 |
| Albemarle Corp. |  |  |
| 4.65%, 06/01/27 | &nbsp;&nbsp; 4395 | 4427807 |
| 5.05%, 06/01/32<sup>(c)</sup> | &nbsp;&nbsp; 2820 | 2875199 |
| 5.45%, 12/01/44 | &nbsp;&nbsp; 2060 | 1939099 |
| 5.65%, 06/01/52 | &nbsp;&nbsp; 2290 | 2096014 |
| Cabot Corp. |  |  |
| 4.00%, 07/01/29 | &nbsp;&nbsp; 1870 | 1869377 |
| 5.00%, 06/30/32 | &nbsp;&nbsp; 2390 | 2446430 |
| CF Industries, Inc. |  |  |
| 4.95%, 06/01/43 | &nbsp;&nbsp; 4120 | 3779588 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 4006 | 4075108 |
| 5.30%, 11/26/35 | &nbsp;&nbsp; 3300 | 3355851 |
| 5.38%, 03/15/44 | &nbsp;&nbsp; 3402 | 3251354 |
| Dow Chemical Co.(The) |  |  |
| 2.10%, 11/15/30 | &nbsp;&nbsp; 2701 | 2407777 |
| 3.60%, 11/15/50 | &nbsp;&nbsp; 3521 | 2304161 |
| 4.25%, 10/01/34 | &nbsp;&nbsp; 2774 | 2564648 |
| 4.38%, 11/15/42 | &nbsp;&nbsp; 6746 | 5334739 |
| 4.63%, 10/01/44 | &nbsp;&nbsp; 3685 | 2975191 |
| 4.80%, 11/30/28 | &nbsp;&nbsp; 4497 | 4570156 |
| 4.80%, 01/15/31 | &nbsp;&nbsp; 4005 | 3996391 |
| 4.80%, 05/15/49 | &nbsp;&nbsp; 3845 | 2999074 |
| 5.15%, 02/15/34 | &nbsp;&nbsp; 1795 | 1787352 |
| 5.25%, 11/15/41 | &nbsp;&nbsp; 4151 | 3726184 |
| 5.35%, 03/15/35<sup>(c)</sup> | &nbsp;&nbsp; 2155 | 2141277 |
| 5.55%, 11/30/48 | &nbsp;&nbsp; 4338 | 3797166 |
| 5.60%, 02/15/54 | &nbsp;&nbsp; 2060 | 1781267 |
| 5.65%, 03/15/36<sup>(c)</sup> | &nbsp;&nbsp; 2925 | 2929065 |
| 5.95%, 03/15/55<sup>(c)</sup> | &nbsp;&nbsp; 2365 | 2140018 |
| 6.30%, 03/15/33<sup>(c)</sup> | &nbsp;&nbsp; 1835 | 1951233 |
| 6.90%, 05/15/53<sup>(c)</sup> | &nbsp;&nbsp; 3000 | 3075332 |
| 7.38%, 11/01/29 | &nbsp;&nbsp; 4091 | 4495756 |
| 9.40%, 05/15/39 | &nbsp;&nbsp; 2647 | 3400640 |
| DuPont de Nemours, Inc. |  |  |
| 4.73%, 11/15/28 | &nbsp;&nbsp; 120 | 121899 |
| 4.73%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp; 4970 | 5037869 |
| 5.32%, 11/15/38 | &nbsp;&nbsp; 4844 | 4906252 |
| 5.42%, 11/15/48<sup>(c)</sup> | &nbsp;&nbsp; 2477 | 2364433 |
| Eastman Chemical Co. |  |  |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 2226 | 2251507 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 4.50%, 02/20/31 | &nbsp;&nbsp; $2015 | $2016283 |
| 4.65%, 10/15/44 | &nbsp;&nbsp; 4523 | 3917126 |
| 4.80%, 09/01/42 | &nbsp;&nbsp; 2747 | 2494673 |
| 5.00%, 08/01/29 | &nbsp;&nbsp; 3205 | 3289717 |
| 5.63%, 02/20/34 | &nbsp;&nbsp; 2580 | 2692907 |
| 5.75%, 03/08/33<sup>(c)</sup> | &nbsp;&nbsp; 2465 | 2620793 |
| Ecolab, Inc. |  |  |
| 1.30%, 01/30/31 | &nbsp;&nbsp; 3030 | 2667438 |
| 2.13%, 02/01/32 | &nbsp;&nbsp; 3390 | 3039922 |
| 2.13%, 08/15/50 | &nbsp;&nbsp; 2708 | 1525175 |
| 2.70%, 12/15/51 | &nbsp;&nbsp; 5125 | 3214627 |
| 2.75%, 08/18/55 | &nbsp;&nbsp; 5064 | 3106418 |
| 3.25%, 12/01/27 | &nbsp;&nbsp; 3170 | 3150971 |
| 3.95%, 12/01/47 | &nbsp;&nbsp; 1570 | 1307788 |
| 4.30%, 06/15/28 | &nbsp;&nbsp; 2365 | 2392890 |
| 4.80%, 03/24/30 | &nbsp;&nbsp; 3578 | 3685621 |
| 5.00%, 09/01/35 | &nbsp;&nbsp; 2335 | 2411430 |
| 5.25%, 01/15/28 | &nbsp;&nbsp; 4040 | 4150828 |
| 5.50%, 12/08/41 | &nbsp;&nbsp; 805 | 852445 |
| EIDP, Inc. |  |  |
| 2.30%, 07/15/30 | &nbsp;&nbsp; 4102 | 3837588 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 1930 | 1952982 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 2450 | 2541195 |
| International Flavors & Fragrances, Inc. |  |  |
| 4.38%, 06/01/47 | &nbsp;&nbsp; 2719 | 2259445 |
| 4.45%, 09/26/28 | &nbsp;&nbsp; 2315 | 2331886 |
| 5.00%, 09/26/48 | &nbsp;&nbsp; 3027 | 2733801 |
| Linde, Inc./CT |  |  |
| 1.10%, 08/10/30 | &nbsp;&nbsp; 5782 | 5136222 |
| 2.00%, 08/10/50 | &nbsp;&nbsp; 3315 | 1803203 |
| 3.55%, 11/07/42 | &nbsp;&nbsp; 2742 | 2252123 |
| Lubrizol Corp. (The), 6.50%, 10/01/34 | &nbsp;&nbsp; 1892 | 2167300 |
| LYB International Finance BV |  |  |
| 4.88%, 03/15/44 | &nbsp;&nbsp; 4840 | 4055969 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 3344 | 2930281 |
| LYB International Finance II BV, 3.50%, <br> 03/02/27<br>| &nbsp;&nbsp; 2460 | 2445886 |
| LYB International Finance III LLC |  |  |
| 2.25%, 10/01/30 | &nbsp;&nbsp; 3892 | 3519294 |
| 3.38%, 10/01/40 | &nbsp;&nbsp; 4770 | 3531569 |
| 3.63%, 04/01/51 | &nbsp;&nbsp; 4836 | 3160266 |
| 3.80%, 10/01/60 | &nbsp;&nbsp; 3350 | 2123598 |
| 4.20%, 10/15/49 | &nbsp;&nbsp; 4518 | 3276788 |
| 4.20%, 05/01/50 | &nbsp;&nbsp; 4742 | 3419740 |
| 5.13%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp; 555 | 564226 |
| 5.50%, 03/01/34<sup>(c)</sup> | &nbsp;&nbsp; 3905 | 3932719 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 3350 | 3421154 |
| 5.88%, 01/15/36<sup>(c)</sup> | &nbsp;&nbsp; 830 | 838527 |
| 6.15%, 05/15/35<sup>(c)</sup> | &nbsp;&nbsp; 1475 | 1532507 |
| LyondellBasell Industries NV, 4.63%, <br> 02/26/55<sup>(c)</sup><br>| &nbsp;&nbsp; 4097 | 3162466 |
| Mosaic Co.(The) |  |  |
| 4.05%, 11/15/27 | &nbsp;&nbsp; 1880 | 1881825 |
| 4.35%, 01/15/29 | &nbsp;&nbsp; 1070 | 1078511 |
| 4.60%, 11/15/30 | &nbsp;&nbsp; 1090 | 1103507 |
| 4.88%, 11/15/41 | &nbsp;&nbsp; 2000 | 1839490 |
| 5.38%, 11/15/28 | &nbsp;&nbsp; 1560 | 1610435 |
| 5.45%, 11/15/33<sup>(c)</sup> | &nbsp;&nbsp; 1817 | 1886768 |
| 5.63%, 11/15/43 | &nbsp;&nbsp; 1353 | 1323667 |
| NewMarket Corp., 2.70%, 03/18/31 | &nbsp;&nbsp; 2231 | 2054812 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Nutrien Ltd. |  |  |
| 2.95%, 05/13/30 | &nbsp;&nbsp; $2439 | $2325634 |
| 3.95%, 05/13/50 | &nbsp;&nbsp; 3215 | 2507507 |
| 4.13%, 03/15/35 | &nbsp;&nbsp; 2380 | 2240996 |
| 4.20%, 04/01/29 | &nbsp;&nbsp; 4685 | 4703126 |
| 4.50%, 03/12/27 | &nbsp;&nbsp; 1725 | 1734077 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 3347 | 3406863 |
| 4.90%, 06/01/43 | &nbsp;&nbsp; 2989 | 2761297 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 3044 | 2781040 |
| 5.20%, 06/21/27 | &nbsp;&nbsp; 2520 | 2559148 |
| 5.25%, 03/12/32 | &nbsp;&nbsp; 2575 | 2688623 |
| 5.25%, 01/15/45 | &nbsp;&nbsp; 2677 | 2574725 |
| 5.40%, 06/21/34 | &nbsp;&nbsp; 2150 | 2242605 |
| 5.63%, 12/01/40 | &nbsp;&nbsp; 1921 | 1957423 |
| 5.80%, 03/27/53<sup>(c)</sup> | &nbsp;&nbsp; 2380 | 2426338 |
| 5.88%, 12/01/36 | &nbsp;&nbsp; 2999 | 3190809 |
| 6.13%, 01/15/41 | &nbsp;&nbsp; 685 | 732431 |
| PPG Industries, Inc. |  |  |
| 2.55%, 06/15/30 | &nbsp;&nbsp; 2277 | 2142750 |
| 2.80%, 08/15/29 | &nbsp;&nbsp; 2095 | 2023780 |
| 3.75%, 03/15/28 | &nbsp;&nbsp; 4811 | 4802469 |
| 4.38%, 03/15/31 | &nbsp;&nbsp; 2260 | 2271100 |
| Rohm and Haas Co., 7.85%, 07/15/29 | &nbsp;&nbsp; 170 | 188760 |
| RPM International, Inc. |  |  |
| 2.95%, 01/15/32 | &nbsp;&nbsp; 2000 | 1839175 |
| 3.75%, 03/15/27 | &nbsp;&nbsp; 3260 | 3253159 |
| 4.25%, 01/15/48 | &nbsp;&nbsp; 1426 | 1187933 |
| 4.55%, 03/01/29 | &nbsp;&nbsp; 2829 | 2872028 |
| 5.25%, 06/01/45 | &nbsp;&nbsp; 2320 | 2258538 |
| Sherwin-Williams Co.(The) |  |  |
| 2.20%, 03/15/32 | &nbsp;&nbsp; 3047 | 2704104 |
| 2.30%, 05/15/30 | &nbsp;&nbsp; 3013 | 2800520 |
| 2.90%, 03/15/52 | &nbsp;&nbsp; 2380 | 1490829 |
| 2.95%, 08/15/29 | &nbsp;&nbsp; 4677 | 4518916 |
| 3.30%, 05/15/50 | &nbsp;&nbsp; 2665 | 1860989 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 8785 | 8742892 |
| 3.80%, 08/15/49 | &nbsp;&nbsp; 2725 | 2075796 |
| 4.00%, 12/15/42 | &nbsp;&nbsp; 1420 | 1191730 |
| 4.30%, 08/15/28 | &nbsp;&nbsp; 2900 | 2924368 |
| 4.50%, 08/15/30 | &nbsp;&nbsp; 2170 | 2202732 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 5678 | 4907825 |
| 4.55%, 03/01/28 | &nbsp;&nbsp; 1010 | 1023033 |
| 4.55%, 08/01/45 | &nbsp;&nbsp; 1912 | 1682446 |
| 4.80%, 09/01/31 | &nbsp;&nbsp; 1650 | 1698904 |
| 5.15%, 08/15/35 | &nbsp;&nbsp; 2320 | 2383987 |
| Westlake Corp. |  |  |
| 2.88%, 08/15/41 | &nbsp;&nbsp; 2143 | 1506648 |
| 3.13%, 08/15/51 | &nbsp;&nbsp; 3220 | 2003579 |
| 3.38%, 06/15/30<sup>(c)</sup> | &nbsp;&nbsp; 2245 | 2170656 |
| 3.38%, 08/15/61 | &nbsp;&nbsp; 2504 | 1522402 |
| 4.38%, 11/15/47 | &nbsp;&nbsp; 2505 | 1991322 |
| 5.00%, 08/15/46 | &nbsp;&nbsp; 3280 | 2880489 |
| 5.55%, 11/15/35 | &nbsp;&nbsp; 1795 | 1822183 |
| 6.38%, 11/15/55 | &nbsp;&nbsp; 2100 | 2103775 |
|  |  | 394355307 |
| **Commercial Services — 0.3%** | **Commercial Services — 0.3%** | **Commercial Services — 0.3%** |
| American University (The), Series 2019, <br> 3.67%, 04/01/49<br>| &nbsp;&nbsp; 2830 | 2198054 |
| Automatic Data Processing, Inc. |  |  |
| 1.25%, 09/01/30 | &nbsp;&nbsp; 6822 | 6088563 |
| 1.70%, 05/15/28 | &nbsp;&nbsp; 5685 | 5445890 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 4.45%, 09/09/34 | &nbsp;&nbsp; $4065 | $4058145 |
| 4.75%, 05/08/32 | &nbsp;&nbsp; 4125 | 4256166 |
| Block Financial LLC |  |  |
| 2.50%, 07/15/28 | &nbsp;&nbsp; 3728 | 3553482 |
| 3.88%, 08/15/30<sup>(c)</sup> | &nbsp;&nbsp; 3363 | 3200385 |
| 5.38%, 09/15/32 | &nbsp;&nbsp; 1240 | 1219560 |
| Brown University, Series A, 2.92%, 09/01/50 | &nbsp;&nbsp; 3315 | 2260675 |
| California Endowment (The), Series 2021, <br> 2.50%, 04/01/51<sup>(c)</sup><br>| &nbsp;&nbsp; 3548 | 2174750 |
| California Institute of Technology |  |  |
| 3.65%, 09/01/2119 | &nbsp;&nbsp; 1094 | 718886 |
| 4.32%, 08/01/45 | &nbsp;&nbsp; 1602 | 1431695 |
| 4.70%, 11/01/2111 | &nbsp;&nbsp; 1769 | 1496927 |
| Case Western Reserve University, 5.41%, <br> 06/01/2122<br>| &nbsp;&nbsp; 1453 | 1369610 |
| Cintas Corp. No. 2 |  |  |
| 3.70%, 04/01/27 | &nbsp;&nbsp; 6097 | 6091268 |
| 4.00%, 05/01/32 | &nbsp;&nbsp; 2515 | 2490229 |
| 4.20%, 05/01/28 | &nbsp;&nbsp; 1675 | 1689658 |
| Claremont Mckenna College, 3.78%, <br> 01/01/2122<br>| &nbsp;&nbsp; 830 | 555425 |
| Cornell University |  |  |
| 4.84%, 06/15/34 | &nbsp;&nbsp; 2070 | 2135712 |
| Series 2025, 4.17%, 06/15/30 | &nbsp;&nbsp; 1960 | 1985113 |
| Series 2025, 4.73%, 06/15/35 | &nbsp;&nbsp; 2050 | 2097542 |
| Duke University |  |  |
| Series 2020, 2.68%, 10/01/44 | &nbsp;&nbsp; 2001 | 1523981 |
| Series 2020, 2.76%, 10/01/50 | &nbsp;&nbsp; 1778 | 1179734 |
| Series 2020, 2.83%, 10/01/55 | &nbsp;&nbsp; 2710 | 1776202 |
| Emory University |  |  |
| Series 2020, 2.14%, 09/01/30 | &nbsp;&nbsp; 358 | 331848 |
| Series 2020, 2.97%, 09/01/50 | &nbsp;&nbsp; 2413 | 1651620 |
| Equifax, Inc. |  |  |
| 2.35%, 09/15/31 | &nbsp;&nbsp; 5725 | 5129977 |
| 3.10%, 05/15/30 | &nbsp;&nbsp; 3366 | 3210100 |
| 4.80%, 09/15/29 | &nbsp;&nbsp; 3690 | 3756829 |
| 5.10%, 12/15/27 | &nbsp;&nbsp; 4560 | 4643905 |
| 5.10%, 06/01/28 | &nbsp;&nbsp; 3630 | 3705600 |
| Ford Foundation(The) |  |  |
| Series 2020, 2.42%, 06/01/50 | &nbsp;&nbsp; 2760 | 1723156 |
| Series 2020, 2.82%, 06/01/70<sup>(c)</sup> | &nbsp;&nbsp; 3257 | 1932474 |
| George Washington University(The) |  |  |
| 4.87%, 09/15/45 | &nbsp;&nbsp; 1735 | 1642376 |
| Series 2014, 4.30%, 09/15/44 | &nbsp;&nbsp; 1620 | 1429508 |
| Series 2018, 4.13%, 09/15/48 | &nbsp;&nbsp; 3766 | 3161015 |
| Georgetown University(The) |  |  |
| 5.12%, 04/01/53<sup>(c)</sup> | &nbsp;&nbsp; 280 | 268705 |
| Series 20A, 2.94%, 04/01/50<sup>(c)</sup> | &nbsp;&nbsp; 1824 | 1220925 |
| Series A, 5.22%, 10/01/2118 | &nbsp;&nbsp; 1286 | 1167284 |
| Series B, 4.32%, 04/01/49 | &nbsp;&nbsp; 2553 | 2196652 |
| Global Payments, Inc. |  |  |
| 2.90%, 05/15/30 | &nbsp;&nbsp; 4719 | 4393850 |
| 2.90%, 11/15/31 | &nbsp;&nbsp; 4059 | 3655882 |
| 3.20%, 08/15/29 | &nbsp;&nbsp; 6222 | 5967138 |
| 4.15%, 08/15/49 | &nbsp;&nbsp; 3969 | 2952773 |
| 4.45%, 06/01/28 | &nbsp;&nbsp; 3030 | 3037506 |
| 4.50%, 11/15/28 | &nbsp;&nbsp; 4760 | 4776445 |
| 4.88%, 11/15/30 | &nbsp;&nbsp; 3790 | 3785044 |
| 4.95%, 08/15/27 | &nbsp;&nbsp; 3459 | 3486949 |
| 5.20%, 11/15/32 | &nbsp;&nbsp; 3175 | 3188230 |
| 5.30%, 08/15/29 | &nbsp;&nbsp; 2720 | 2795841 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 5.40%, 08/15/32 | &nbsp;&nbsp; $3650 | $3715659 |
| 5.55%, 11/15/35 | &nbsp;&nbsp; 5070 | 5042367 |
| 5.95%, 08/15/52<sup>(c)</sup> | &nbsp;&nbsp; 3865 | 3679953 |
| Howard University, 5.21%, 10/01/52 | &nbsp;&nbsp; 978 | 842918 |
| J Paul Getty Trust (The), 4.91%, 04/01/35 | &nbsp;&nbsp; 2100 | 2176457 |
| Johns Hopkins University |  |  |
| 4.71%, 07/01/32<sup>(c)</sup> | &nbsp;&nbsp; 1450 | 1501533 |
| Series 2013, 4.08%, 07/01/53 | &nbsp;&nbsp; 2283 | 1901561 |
| Series A, 2.81%, 01/01/60<sup>(c)</sup> | &nbsp;&nbsp; 1785 | 1084614 |
| Leland Stanford Junior University(The) |  |  |
| 1.29%, 06/01/27 | &nbsp;&nbsp; 1380 | 1342399 |
| 2.41%, 06/01/50 | &nbsp;&nbsp; 2555 | 1591703 |
| 3.65%, 05/01/48 | &nbsp;&nbsp; 3541 | 2874070 |
| 4.68%, 03/01/35<sup>(c)</sup> | &nbsp;&nbsp; 2100 | 2151089 |
| Series 2025, 4.15%, 08/01/30 | &nbsp;&nbsp; 2100 | 2129249 |
| Massachusetts Institute of Technology |  |  |
| 3.07%, 04/01/52 | &nbsp;&nbsp; 2608 | 1825925 |
| 3.89%, 07/01/2116 | &nbsp;&nbsp; 708 | 509672 |
| 3.96%, 07/01/38 | &nbsp;&nbsp; 819 | 769571 |
| 4.68%, 07/01/2114 | &nbsp;&nbsp; 2478 | 2141433 |
| 5.60%, 07/01/2111 | &nbsp;&nbsp; 3170 | 3264096 |
| 5.62%, 06/01/55 | &nbsp;&nbsp; 2780 | 2966293 |
| Series F, 2.99%, 07/01/50 | &nbsp;&nbsp; 2636 | 1846416 |
| Series G, 2.29%, 07/01/51<sup>(c)</sup> | &nbsp;&nbsp; 2284 | 1358983 |
| Moody's Corp. |  |  |
| 2.00%, 08/19/31<sup>(c)</sup> | &nbsp;&nbsp; 3702 | 3323500 |
| 2.75%, 08/19/41 | &nbsp;&nbsp; 3275 | 2409046 |
| 3.10%, 11/29/61 | &nbsp;&nbsp; 2695 | 1669421 |
| 3.25%, 01/15/28 | &nbsp;&nbsp; 3614 | 3572745 |
| 3.25%, 05/20/50 | &nbsp;&nbsp; 1603 | 1111720 |
| 3.75%, 02/25/52 | &nbsp;&nbsp; 2490 | 1886143 |
| 4.25%, 02/01/29 | &nbsp;&nbsp; 3066 | 3097474 |
| 4.25%, 08/08/32 | &nbsp;&nbsp; 2985 | 2976492 |
| 4.88%, 12/17/48 | &nbsp;&nbsp; 2075 | 1866724 |
| 5.00%, 08/05/34 | &nbsp;&nbsp; 2905 | 2990607 |
| 5.25%, 07/15/44 | &nbsp;&nbsp; 2961 | 2904398 |
| Northeastern University, Series 2020, 2.89%, <br> 10/01/50<sup>(c)</sup><br>| &nbsp;&nbsp; 1541 | 1055954 |
| Northwestern University |  |  |
| 4.64%, 12/01/44 | &nbsp;&nbsp; 2040 | 1970301 |
| 4.94%, 12/01/35 | &nbsp;&nbsp; 2175 | 2250446 |
| Series 2017, 3.66%, 12/01/57<sup>(c)</sup> | &nbsp;&nbsp; 1729 | 1308072 |
| Series 2020, 2.64%, 12/01/50 | &nbsp;&nbsp; 2694 | 1742643 |
| PayPal Holdings, Inc. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 5804 | 5422507 |
| 2.85%, 10/01/29 | &nbsp;&nbsp; 6469 | 6237988 |
| 3.25%, 06/01/50 | &nbsp;&nbsp; 5447 | 3782477 |
| 3.90%, 06/01/27 | &nbsp;&nbsp; 2600 | 2602869 |
| 4.40%, 06/01/32 | &nbsp;&nbsp; 4985 | 4996743 |
| 4.45%, 03/06/28 | &nbsp;&nbsp; 1750 | 1769805 |
| 5.05%, 06/01/52 | &nbsp;&nbsp; 5380 | 4819801 |
| 5.10%, 04/01/35 | &nbsp;&nbsp; 1895 | 1911229 |
| 5.15%, 06/01/34 | &nbsp;&nbsp; 4470 | 4550756 |
| 5.25%, 06/01/62 | &nbsp;&nbsp; 3150 | 2879527 |
| 5.50%, 06/01/54 | &nbsp;&nbsp; 2065 | 1967702 |
| President and Fellows of Harvard College |  |  |
| 2.52%, 10/15/50<sup>(c)</sup> | &nbsp;&nbsp; 3294 | 2089789 |
| 3.15%, 07/15/46 | &nbsp;&nbsp; 2450 | 1850357 |
| 3.30%, 07/15/56 | &nbsp;&nbsp; 2006 | 1413902 |
| 3.75%, 11/15/52 | &nbsp;&nbsp; 1570 | 1246211 |
| 4.61%, 02/15/35<sup>(c)</sup> | &nbsp;&nbsp; 200 | 205089 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 4.88%, 10/15/40 | &nbsp;&nbsp; $895 | $911344 |
| 4.89%, 03/15/30 | &nbsp;&nbsp; 525 | 546601 |
| 5.26%, 03/15/36 | &nbsp;&nbsp; 200 | 214073 |
| Quanta Services, Inc. |  |  |
| 2.35%, 01/15/32 | &nbsp;&nbsp; 2286 | 2041876 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 3935 | 3719826 |
| 3.05%, 10/01/41 | &nbsp;&nbsp; 3640 | 2778020 |
| 4.30%, 08/09/28 | &nbsp;&nbsp; 1625 | 1637877 |
| 4.50%, 01/15/31 | &nbsp;&nbsp; 1625 | 1644002 |
| 4.75%, 08/09/27 | &nbsp;&nbsp; 2050 | 2072069 |
| 5.10%, 08/09/35 | &nbsp;&nbsp; 1625 | 1653495 |
| 5.25%, 08/09/34 | &nbsp;&nbsp; 2050 | 2124036 |
| RELX Capital, Inc. |  |  |
| 3.00%, 05/22/30 | &nbsp;&nbsp; 4709 | 4495450 |
| 4.00%, 03/18/29 | &nbsp;&nbsp; 6142 | 6136280 |
| 4.75%, 03/27/30 | &nbsp;&nbsp; 2260 | 2305930 |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 2270 | 2312357 |
| 5.25%, 03/27/35 | &nbsp;&nbsp; 1130 | 1163058 |
| Rockefeller Foundation (The), Series 2020, <br> 2.49%, 10/01/50<br>| &nbsp;&nbsp; 5469 | 3417549 |
| Rollins, Inc., 5.25%, 02/24/35 | &nbsp;&nbsp; 1740 | 1788936 |
| S&P Global, Inc. |  |  |
| 1.25%, 08/15/30<sup>(c)</sup> | &nbsp;&nbsp; 3988 | 3534524 |
| 2.30%, 08/15/60<sup>(c)</sup> | &nbsp;&nbsp; 3125 | 1607295 |
| 2.45%, 03/01/27 | &nbsp;&nbsp; 5275 | 5202270 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 2847 | 2704548 |
| 2.70%, 03/01/29 | &nbsp;&nbsp; 5765 | 5572887 |
| 2.90%, 03/01/32 | &nbsp;&nbsp; 4321 | 4020518 |
| 3.25%, 12/01/49 | &nbsp;&nbsp; 4238 | 3002927 |
| 3.70%, 03/01/52 | &nbsp;&nbsp; 5560 | 4223341 |
| 3.90%, 03/01/62 | &nbsp;&nbsp; 1639 | 1236556 |
| 4.25%, 05/01/29 | &nbsp;&nbsp; 4580 | 4619667 |
| 4.25%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 2020 | 2026895 |
| 4.75%, 08/01/28 | &nbsp;&nbsp; 3850 | 3931454 |
| 4.80%, 12/04/35<sup>(b)</sup> | &nbsp;&nbsp; 1160 | 1162110 |
| 5.25%, 09/15/33 | &nbsp;&nbsp; 2957 | 3118725 |
| Thomas Jefferson University, 3.85%, 11/01/57 | &nbsp;&nbsp; 1469 | 1092500 |
| TR Finance LLC |  |  |
| 5.50%, 08/15/35 | &nbsp;&nbsp; 2732 | 2842549 |
| 5.65%, 11/23/43 | &nbsp;&nbsp; 1976 | 1975116 |
| 5.85%, 04/15/40 | &nbsp;&nbsp; 2789 | 2848023 |
| Triton Container International Ltd./TAL <br> International Container Corp.<br>|  |  |
| 3.25%, 03/15/32 | &nbsp;&nbsp; 2944 | 2727479 |
| 5.15%, 02/15/33 | &nbsp;&nbsp; 1730 | 1730360 |
| Trustees of Boston College, 3.13%, 07/01/52 | &nbsp;&nbsp; 1803 | 1281529 |
| Trustees of Columbia University in the City of <br> New York (The), Series 2024, 4.36%, <br> 10/01/35<sup>(c)</sup><br>| &nbsp;&nbsp; 650 | 647384 |
| Trustees of Dartmouth College, 4.27%, <br> 06/01/30<br>| &nbsp;&nbsp; 875 | 887868 |
| Trustees of Princeton University(The) |  |  |
| 4.20%, 03/01/52 | &nbsp;&nbsp; 1580 | 1353847 |
| 4.65%, 07/01/30 | &nbsp;&nbsp; 290 | 299889 |
| 5.70%, 03/01/39 | &nbsp;&nbsp; 2490 | 2723986 |
| Series 2020, 2.52%, 07/01/50 | &nbsp;&nbsp; 2647 | 1712415 |
| Trustees of the University of <br> Pennsylvania(The)<br>|  |  |
| 3.61%, 02/15/2119 | &nbsp;&nbsp; 2318 | 1527369 |
| 4.67%, 09/01/2112 | &nbsp;&nbsp; 390 | 329565 |
| Series 2020, 2.40%, 10/01/50<sup>(c)</sup> | &nbsp;&nbsp; 1863 | 1136140 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| UL Solutions, Inc., 6.50%, 10/20/28 | &nbsp;&nbsp; $1150 | $1216929 |
| University of Chicago(The) |  |  |
| 3.00%, 10/01/52<sup>(c)</sup> | &nbsp;&nbsp; 320 | 226121 |
| 4.00%, 10/01/53 | &nbsp;&nbsp; 2064 | 1673186 |
| Series 20B, 2.76%, 04/01/45 | &nbsp;&nbsp; 1477 | 1198527 |
| Series C, 2.55%, 04/01/50 | &nbsp;&nbsp; 1846 | 1228074 |
| University of Miami, 4.06%, 04/01/52 | &nbsp;&nbsp; 2507 | 2061080 |
| University of Notre Dame du Lac |  |  |
| Series 2015, 3.44%, 02/15/45 | &nbsp;&nbsp; 1850 | 1478276 |
| Series 2017, 3.39%, 02/15/48 | &nbsp;&nbsp; 2224 | 1719227 |
| University of Southern California |  |  |
| 2.81%, 10/01/50 | &nbsp;&nbsp; 1380 | 911095 |
| 3.03%, 10/01/39 | &nbsp;&nbsp; 3714 | 3152408 |
| 4.98%, 10/01/53 | &nbsp;&nbsp; 1645 | 1579989 |
| 5.25%, 10/01/2111 | &nbsp;&nbsp; 1128 | 1086316 |
| Series 2017, 3.84%, 10/01/47 | &nbsp;&nbsp; 2173 | 1799775 |
| Series 21A, 2.95%, 10/01/51 | &nbsp;&nbsp; 2885 | 1945923 |
| Series A, 3.23%, 10/01/2120 | &nbsp;&nbsp; 979 | 584938 |
| Verisk Analytics, Inc. |  |  |
| 3.63%, 05/15/50 | &nbsp;&nbsp; 2701 | 1972503 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 4663 | 4676531 |
| 4.45%, 03/15/31 | &nbsp;&nbsp; 515 | 516951 |
| 5.13%, 03/15/36 | &nbsp;&nbsp; 2875 | 2869243 |
| 5.25%, 06/05/34 | &nbsp;&nbsp; 2710 | 2758754 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 2410 | 2448077 |
| 5.50%, 06/15/45 | &nbsp;&nbsp; 2550 | 2466800 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 3360 | 3559630 |
| Washington University(The) |  |  |
| 3.52%, 04/15/54 | &nbsp;&nbsp; 2916 | 2198079 |
| 4.35%, 04/15/2122 | &nbsp;&nbsp; 1599 | 1257439 |
| William Marsh Rice University |  |  |
| 3.57%, 05/15/45 | &nbsp;&nbsp; 1545 | 1270158 |
| 3.77%, 05/15/55<sup>(c)</sup> | &nbsp;&nbsp; 1695 | 1326664 |
| Yale University |  |  |
| Series 2020, 1.48%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp; 1479 | 1350935 |
| Series 2020, 2.40%, 04/15/50<sup>(c)</sup> | &nbsp;&nbsp; 2398 | 1495359 |
| Series 2025, 4.70%, 04/15/32 | &nbsp;&nbsp; 425 | 441591 |
|  |  | 429320776 |
| **Computers — 0.5%** | **Computers — 0.5%** | **Computers — 0.5%** |
| Accenture Capital, Inc. |  |  |
| 3.90%, 10/04/27 | &nbsp;&nbsp; 4780 | 4799637 |
| 4.05%, 10/04/29 | &nbsp;&nbsp; 6325 | 6361732 |
| 4.25%, 10/04/31 | &nbsp;&nbsp; 5845 | 5864496 |
| 4.50%, 10/04/34 | &nbsp;&nbsp; 5425 | 5367762 |
| Amdocs Ltd., 2.54%, 06/15/30 | &nbsp;&nbsp; 3721 | 3397337 |
| Apple, Inc. |  |  |
| 1.20%, 02/08/28 | &nbsp;&nbsp; 9147 | 8747440 |
| 1.25%, 08/20/30 | &nbsp;&nbsp; 8432 | 7565871 |
| 1.40%, 08/05/28 | &nbsp;&nbsp; 10695 | 10165990 |
| 1.65%, 05/11/30 | &nbsp;&nbsp; 8863 | 8138047 |
| 1.65%, 02/08/31 | &nbsp;&nbsp; 10490 | 9495435 |
| 1.70%, 08/05/31 | &nbsp;&nbsp; 5828 | 5223500 |
| 2.20%, 09/11/29 | &nbsp;&nbsp; 7285 | 6940519 |
| 2.38%, 02/08/41 | &nbsp;&nbsp; 5220 | 3823969 |
| 2.40%, 08/20/50 | &nbsp;&nbsp; 5091 | 3059522 |
| 2.55%, 08/20/60 | &nbsp;&nbsp; 12202 | 6861133 |
| 2.65%, 05/11/50 | &nbsp;&nbsp; 11056 | 7027431 |
| 2.65%, 02/08/51 | &nbsp;&nbsp; 11370 | 7154668 |
| 2.70%, 08/05/51 | &nbsp;&nbsp; 8974 | 5692041 |
| 2.80%, 02/08/61 | &nbsp;&nbsp; 6933 | 4127196 |
| 2.85%, 08/05/61 | &nbsp;&nbsp; 5585 | 3357894 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 2.90%, 09/12/27 | &nbsp;&nbsp; $10646 | $10542416 |
| 2.95%, 09/11/49 | &nbsp;&nbsp; 7293 | 4983360 |
| 3.00%, 06/20/27 | &nbsp;&nbsp; 2860 | 2842139 |
| 3.00%, 11/13/27 | &nbsp;&nbsp; 7987 | 7924693 |
| 3.20%, 05/11/27 | &nbsp;&nbsp; 9472 | 9435646 |
| 3.25%, 08/08/29 | &nbsp;&nbsp; 4790 | 4732302 |
| 3.35%, 08/08/32<sup>(c)</sup> | &nbsp;&nbsp; 7665 | 7427968 |
| 3.45%, 02/09/45 | &nbsp;&nbsp; 8616 | 6807352 |
| 3.75%, 09/12/47 | &nbsp;&nbsp; 6049 | 4853523 |
| 3.75%, 11/13/47 | &nbsp;&nbsp; 6682 | 5363446 |
| 3.85%, 05/04/43 | &nbsp;&nbsp; 13098 | 11229008 |
| 3.85%, 08/04/46 | &nbsp;&nbsp; 10389 | 8557369 |
| 3.95%, 08/08/52 | &nbsp;&nbsp; 8300 | 6677816 |
| 4.00%, 05/10/28 | &nbsp;&nbsp; 4730 | 4769523 |
| 4.00%, 05/12/28 | &nbsp;&nbsp; 5310 | 5357949 |
| 4.10%, 08/08/62 | &nbsp;&nbsp; 5355 | 4264528 |
| 4.15%, 05/10/30 | &nbsp;&nbsp; 2910 | 2954423 |
| 4.20%, 05/12/30<sup>(c)</sup> | &nbsp;&nbsp; 4690 | 4764035 |
| 4.25%, 02/09/47 | &nbsp;&nbsp; 4846 | 4211898 |
| 4.30%, 05/10/33 | &nbsp;&nbsp; 4805 | 4911247 |
| 4.38%, 05/13/45 | &nbsp;&nbsp; 8504 | 7681209 |
| 4.45%, 05/06/44 | &nbsp;&nbsp; 3882 | 3602629 |
| 4.50%, 05/12/32 | &nbsp;&nbsp; 4450 | 4589351 |
| 4.50%, 02/23/36<sup>(c)</sup> | &nbsp;&nbsp; 7383 | 7553465 |
| 4.65%, 02/23/46 | &nbsp;&nbsp; 15494 | 14431000 |
| 4.75%, 05/12/35 | &nbsp;&nbsp; 4550 | 4700591 |
| 4.85%, 05/10/53<sup>(c)</sup> | &nbsp;&nbsp; 4635 | 4436065 |
| Booz Allen Hamilton, Inc. |  |  |
| 5.95%, 08/04/33 | &nbsp;&nbsp; 1737 | 1782334 |
| 5.95%, 04/15/35 | &nbsp;&nbsp; 1500 | 1522180 |
| CGI, Inc. |  |  |
| 2.30%, 09/14/31 | &nbsp;&nbsp; 3153 | 2805808 |
| 4.95%, 03/14/30 | &nbsp;&nbsp; 2640 | 2680092 |
| Dell International LLC/EMC Corp. |  |  |
| 3.38%, 12/15/41 | &nbsp;&nbsp; 5480 | 4238881 |
| 3.45%, 12/15/51<sup>(c)</sup> | &nbsp;&nbsp; 4439 | 3108135 |
| 4.15%, 02/15/29 | &nbsp;&nbsp; 6185 | 6204399 |
| 4.35%, 02/01/30 | &nbsp;&nbsp; 3160 | 3176322 |
| 4.50%, 02/15/31 | &nbsp;&nbsp; 5375 | 5399839 |
| 4.75%, 04/01/28 | &nbsp;&nbsp; 1455 | 1477768 |
| 4.75%, 10/06/32 | &nbsp;&nbsp; 5295 | 5336414 |
| 4.85%, 02/01/35<sup>(c)</sup> | &nbsp;&nbsp; 4085 | 4056756 |
| 5.00%, 04/01/30 | &nbsp;&nbsp; 2370 | 2436931 |
| 5.10%, 02/15/36<sup>(c)</sup> | &nbsp;&nbsp; 4590 | 4602314 |
| 5.25%, 02/01/28 | &nbsp;&nbsp; 2570 | 2628421 |
| 5.30%, 10/01/29 | &nbsp;&nbsp; 7665 | 7946595 |
| 5.30%, 04/01/32 | &nbsp;&nbsp; 4250 | 4412314 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 3900 | 4038693 |
| 5.50%, 04/01/35 | &nbsp;&nbsp; 4390 | 4558455 |
| 5.75%, 02/01/33 | &nbsp;&nbsp; 4150 | 4405948 |
| 6.10%, 07/15/27 | &nbsp;&nbsp; 3300 | 3384571 |
| 6.20%, 07/15/30 | &nbsp;&nbsp; 3543 | 3803361 |
| 8.10%, 07/15/36 | &nbsp;&nbsp; 4862 | 5904194 |
| 8.35%, 07/15/46 | &nbsp;&nbsp; 2755 | 3525126 |
| Dell, Inc. |  |  |
| 6.50%, 04/15/38 | &nbsp;&nbsp; 2285 | 2481913 |
| 7.10%, 04/15/28 | &nbsp;&nbsp; 3745 | 3974437 |
| DXC Technology Co., 2.38%, 09/15/28 | &nbsp;&nbsp; 3837 | 3618662 |
| Fortinet, Inc., 2.20%, 03/15/31 | &nbsp;&nbsp; 3719 | 3369583 |
| Gartner, Inc. |  |  |
| 4.95%, 03/20/31 | &nbsp;&nbsp; 450 | 443719 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 5.60%, 11/20/35 | &nbsp;&nbsp; $2000 | $1915678 |
| Genpact Luxembourg SARL/Genpact USA, <br> Inc., 6.00%, 06/04/29<br>| &nbsp;&nbsp; 1860 | 1931242 |
| Genpact UK Finco PLC/Genpact USA, Inc., <br> 4.95%, 11/18/30<br>| &nbsp;&nbsp; 1350 | 1333960 |
| Hewlett Packard Enterprise Co. |  |  |
| 4.05%, 09/15/27 | &nbsp;&nbsp; 4770 | 4777926 |
| 4.15%, 09/15/28 | &nbsp;&nbsp; 3650 | 3658171 |
| 4.40%, 09/25/27 | &nbsp;&nbsp; 6460 | 6498030 |
| 4.40%, 10/15/30 | &nbsp;&nbsp; 4620 | 4626070 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 7970 | 8066457 |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 5130 | 5203343 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 5670 | 5607345 |
| 5.25%, 07/01/28 | &nbsp;&nbsp; 3665 | 3761933 |
| 5.60%, 10/15/54 | &nbsp;&nbsp; 5480 | 5042535 |
| 6.20%, 10/15/35<sup>(c)</sup> | &nbsp;&nbsp; 4945 | 5358246 |
| 6.35%, 10/15/45 | &nbsp;&nbsp; 8552 | 8788979 |
| HP, Inc. |  |  |
| 2.65%, 06/17/31 | &nbsp;&nbsp; 5700 | 5162834 |
| 3.00%, 06/17/27 | &nbsp;&nbsp; 5394 | 5326241 |
| 3.40%, 06/17/30 | &nbsp;&nbsp; 565 | 543199 |
| 4.00%, 04/15/29 | &nbsp;&nbsp; 5580 | 5543849 |
| 4.20%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp; 3165 | 3069871 |
| 4.75%, 01/15/28 | &nbsp;&nbsp; 5225 | 5288910 |
| 5.40%, 04/25/30 | &nbsp;&nbsp; 3050 | 3161698 |
| 5.50%, 01/15/33<sup>(c)</sup> | &nbsp;&nbsp; 5680 | 5835388 |
| 6.00%, 09/15/41<sup>(c)</sup> | &nbsp;&nbsp; 6687 | 6698991 |
| 6.10%, 04/25/35<sup>(c)</sup> | &nbsp;&nbsp; 2590 | 2767407 |
| IBM International Capital Pte Ltd. |  |  |
| 4.60%, 02/05/29 | &nbsp;&nbsp; 5100 | 5194073 |
| 4.75%, 02/05/31 | &nbsp;&nbsp; 4185 | 4263191 |
| 4.90%, 02/05/34 | &nbsp;&nbsp; 4590 | 4646183 |
| 5.25%, 02/05/44 | &nbsp;&nbsp; 3910 | 3759444 |
| 5.30%, 02/05/54 | &nbsp;&nbsp; 6930 | 6456130 |
| International Business Machines Corp. |  |  |
| 1.70%, 05/15/27 | &nbsp;&nbsp; 6184 | 6029154 |
| 1.95%, 05/15/30 | &nbsp;&nbsp; 7160 | 6567463 |
| 2.72%, 02/09/32 | &nbsp;&nbsp; 2635 | 2415625 |
| 2.85%, 05/15/40 | &nbsp;&nbsp; 3038 | 2301778 |
| 2.95%, 05/15/50 | &nbsp;&nbsp; 4289 | 2769300 |
| 3.43%, 02/09/52 | &nbsp;&nbsp; 4390 | 3022250 |
| 3.50%, 05/15/29 | &nbsp;&nbsp; 13245 | 13051063 |
| 4.00%, 02/03/29 | &nbsp;&nbsp; 2200 | 2207839 |
| 4.00%, 06/20/42 | &nbsp;&nbsp; 4001 | 3368469 |
| 4.15%, 07/27/27 | &nbsp;&nbsp; 4178 | 4201660 |
| 4.15%, 05/15/39 | &nbsp;&nbsp; 9384 | 8414451 |
| 4.25%, 05/15/49 | &nbsp;&nbsp; 13015 | 10519013 |
| 4.30%, 02/03/31 | &nbsp;&nbsp; 2230 | 2242773 |
| 4.40%, 07/27/32 | &nbsp;&nbsp; 3745 | 3744896 |
| 4.50%, 02/06/28 | &nbsp;&nbsp; 4980 | 5042511 |
| 4.60%, 02/03/33 | &nbsp;&nbsp; 2200 | 2217114 |
| 4.65%, 02/10/28 | &nbsp;&nbsp; 3840 | 3897363 |
| 4.70%, 02/19/46 | &nbsp;&nbsp; 3834 | 3405044 |
| 4.75%, 02/06/33 | &nbsp;&nbsp; 3667 | 3733335 |
| 4.80%, 02/10/30 | &nbsp;&nbsp; 3000 | 3073154 |
| 4.90%, 07/27/52 | &nbsp;&nbsp; 4260 | 3758792 |
| 4.95%, 02/03/36 | &nbsp;&nbsp; 4210 | 4201202 |
| 5.00%, 02/10/32 | &nbsp;&nbsp; 3830 | 3942924 |
| 5.10%, 02/06/53 | &nbsp;&nbsp; 3285 | 2980741 |
| 5.20%, 02/10/35<sup>(c)</sup> | &nbsp;&nbsp; 3390 | 3499030 |
| 5.60%, 11/30/39 | &nbsp;&nbsp; 4235 | 4403128 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 5.70%, 02/10/55<sup>(c)</sup> | &nbsp;&nbsp; $3930 | $3870751 |
| 5.80%, 02/03/56 | &nbsp;&nbsp; 2355 | 2357766 |
| 5.88%, 11/29/32 | &nbsp;&nbsp; 3784 | 4100504 |
| 6.22%, 08/01/27 | &nbsp;&nbsp; 3312 | 3422956 |
| 6.50%, 01/15/28 | &nbsp;&nbsp; 1980 | 2075087 |
| 7.13%, 12/01/96<sup>(c)</sup> | &nbsp;&nbsp; 2069 | 2423636 |
| Kyndryl Holdings, Inc. |  |  |
| 2.70%, 10/15/28 | &nbsp;&nbsp; 3112 | 2865031 |
| 3.15%, 10/15/31 | &nbsp;&nbsp; 3770 | 3190553 |
| 4.10%, 10/15/41 | &nbsp;&nbsp; 3535 | 2508767 |
| 6.35%, 02/20/34<sup>(c)</sup> | &nbsp;&nbsp; 1225 | 1165062 |
| Leidos, Inc. |  |  |
| 2.30%, 02/15/31 | &nbsp;&nbsp; 4138 | 3757265 |
| 4.10%, 03/15/29 | &nbsp;&nbsp; 2205 | 2209971 |
| 4.38%, 05/15/30 | &nbsp;&nbsp; 1553 | 1558114 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 2500 | 2494195 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 180 | 191357 |
| NetApp, Inc. |  |  |
| 2.38%, 06/22/27 | &nbsp;&nbsp; 2421 | 2371172 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 3269 | 3065876 |
| 5.50%, 03/17/32 | &nbsp;&nbsp; 2890 | 3012075 |
| 5.70%, 03/17/35 | &nbsp;&nbsp; 2150 | 2240356 |
| Teledyne FLIR LLC, 2.50%, 08/01/30 | &nbsp;&nbsp; 2841 | 2661820 |
|  |  | 700940446 |
| **Cosmetics & Personal Care — 0.2%** | **Cosmetics & Personal Care — 0.2%** | **Cosmetics & Personal Care — 0.2%** |
| Colgate-Palmolive Co. |  |  |
| 3.10%, 08/15/27 | &nbsp;&nbsp; 3680 | 3655339 |
| 3.25%, 08/15/32 | &nbsp;&nbsp; 3100 | 2968047 |
| 3.70%, 08/01/47 | &nbsp;&nbsp; 1495 | 1205322 |
| 4.00%, 08/15/45 | &nbsp;&nbsp; 3518 | 3081053 |
| 4.20%, 05/01/30 | &nbsp;&nbsp; 4080 | 4142547 |
| 4.60%, 03/01/28 | &nbsp;&nbsp; 1904 | 1938048 |
| 4.60%, 03/01/33 | &nbsp;&nbsp; 2244 | 2317684 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 1.95%, 03/15/31 | &nbsp;&nbsp; 4245 | 3831130 |
| 2.38%, 12/01/29 | &nbsp;&nbsp; 4328 | 4082624 |
| 2.60%, 04/15/30 | &nbsp;&nbsp; 4124 | 3907598 |
| 3.13%, 12/01/49 | &nbsp;&nbsp; 1877 | 1280979 |
| 3.15%, 03/15/27 | &nbsp;&nbsp; 3682 | 3657134 |
| 4.15%, 03/15/47 | &nbsp;&nbsp; 3065 | 2512196 |
| 4.38%, 05/15/28 | &nbsp;&nbsp; 4885 | 4939931 |
| 4.38%, 06/15/45 | &nbsp;&nbsp; 1418 | 1222619 |
| 4.65%, 05/15/33 | &nbsp;&nbsp; 3210 | 3255293 |
| 5.00%, 02/14/34 | &nbsp;&nbsp; 2705 | 2795144 |
| 5.15%, 05/15/53<sup>(c)</sup> | &nbsp;&nbsp; 3605 | 3371831 |
| 6.00%, 05/15/37 | &nbsp;&nbsp; 1982 | 2188407 |
| Haleon U.S. Capital LLC |  |  |
| 3.38%, 03/24/27 | &nbsp;&nbsp; 9995 | 9947139 |
| 3.38%, 03/24/29 | &nbsp;&nbsp; 6580 | 6468966 |
| 3.63%, 03/24/32 | &nbsp;&nbsp; 7230 | 6964887 |
| 4.00%, 03/24/52 | &nbsp;&nbsp; 5340 | 4286414 |
| Kenvue, Inc. |  |  |
| 4.85%, 05/22/32 | &nbsp;&nbsp; 2910 | 3008596 |
| 4.90%, 03/22/33<sup>(c)</sup> | &nbsp;&nbsp; 5990 | 6182238 |
| 5.00%, 03/22/30 | &nbsp;&nbsp; 6000 | 6218509 |
| 5.05%, 03/22/28 | &nbsp;&nbsp; 4755 | 4867255 |
| 5.05%, 03/22/53<sup>(c)</sup> | &nbsp;&nbsp; 7295 | 6797981 |
| 5.10%, 03/22/43 | &nbsp;&nbsp; 3500 | 3435752 |
| 5.20%, 03/22/63 | &nbsp;&nbsp; 3870 | 3594098 |
| Procter & Gamble Co.(The) |  |  |
| 1.20%, 10/29/30 | &nbsp;&nbsp; 7190 | 6394384 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** |
| 1.95%, 04/23/31 | &nbsp;&nbsp; $3732 | $3409780 |
| 2.30%, 02/01/32<sup>(c)</sup> | &nbsp;&nbsp; 2260 | 2085725 |
| 2.80%, 03/25/27 | &nbsp;&nbsp; 4427 | 4388071 |
| 2.85%, 08/11/27 | &nbsp;&nbsp; 5611 | 5559938 |
| 3.00%, 03/25/30 | &nbsp;&nbsp; 8055 | 7828486 |
| 3.50%, 10/25/47 | &nbsp;&nbsp; 2895 | 2299634 |
| 3.55%, 03/25/40 | &nbsp;&nbsp; 2455 | 2165236 |
| 3.60%, 03/25/50 | &nbsp;&nbsp; 2552 | 2005062 |
| 3.95%, 01/26/28 | &nbsp;&nbsp; 3955 | 3987811 |
| 4.05%, 05/01/30 | &nbsp;&nbsp; 3270 | 3308621 |
| 4.05%, 01/26/33<sup>(c)</sup> | &nbsp;&nbsp; 4630 | 4667286 |
| 4.10%, 11/03/32 | &nbsp;&nbsp; 2570 | 2584266 |
| 4.15%, 10/24/29 | &nbsp;&nbsp; 2845 | 2897691 |
| 4.35%, 01/29/29 | &nbsp;&nbsp; 3960 | 4056416 |
| 4.35%, 11/03/35 | &nbsp;&nbsp; 2440 | 2430443 |
| 4.55%, 01/29/34<sup>(c)</sup> | &nbsp;&nbsp; 3380 | 3464691 |
| 4.55%, 10/24/34 | &nbsp;&nbsp; 2960 | 3035066 |
| 4.60%, 05/01/35 | &nbsp;&nbsp; 2805 | 2864807 |
| 5.55%, 03/05/37 | &nbsp;&nbsp; 3320 | 3636809 |
| 5.80%, 08/15/34 | &nbsp;&nbsp; 2025 | 2241155 |
| Unilever Capital Corp. |  |  |
| 1.38%, 09/14/30 | &nbsp;&nbsp; 3321 | 2998016 |
| 1.75%, 08/12/31 | &nbsp;&nbsp; 4695 | 4182934 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 5420 | 5136280 |
| 2.90%, 05/05/27 | &nbsp;&nbsp; 7940 | 7878106 |
| 3.50%, 03/22/28 | &nbsp;&nbsp; 7264 | 7242403 |
| 4.25%, 08/12/27 | &nbsp;&nbsp; 3350 | 3377906 |
| 4.63%, 08/12/34 | &nbsp;&nbsp; 3590 | 3646903 |
| 4.88%, 09/08/28 | &nbsp;&nbsp; 2650 | 2723253 |
| 5.00%, 12/08/33 | &nbsp;&nbsp; 3171 | 3326505 |
| 5.90%, 11/15/32 | &nbsp;&nbsp; 5465 | 6035627 |
| Series 30Y, 2.63%, 08/12/51 | &nbsp;&nbsp; 3350 | 2133503 |
|  |  | 242117575 |
| **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** |
| LKQ Corp. |  |  |
| 5.75%, 06/15/28 | &nbsp;&nbsp; 250 | 256775 |
| 6.25%, 06/15/33 | &nbsp;&nbsp; 315 | 333872 |
| WW Grainger, Inc. |  |  |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 2451 | 1997225 |
| 4.20%, 05/15/47 | &nbsp;&nbsp; 1270 | 1096804 |
| 4.45%, 09/15/34 | &nbsp;&nbsp; 2265 | 2271329 |
| 4.60%, 06/15/45 | &nbsp;&nbsp; 4845 | 4474484 |
|  |  | 10430489 |
| **Diversified Financial Services — 0.9%** | **Diversified Financial Services — 0.9%** | **Diversified Financial Services — 0.9%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.00%, 10/29/28 | &nbsp;&nbsp; 16398 | 15945401 |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 17854 | 16678133 |
| 3.40%, 10/29/33 | &nbsp;&nbsp; 7297 | 6657917 |
| 3.65%, 07/21/27 | &nbsp;&nbsp; 6795 | 6768844 |
| 3.85%, 10/29/41<sup>(c)</sup> | &nbsp;&nbsp; 5938 | 4938870 |
| 3.88%, 01/23/28 | &nbsp;&nbsp; 3242 | 3233902 |
| 4.13%, 02/28/29 | &nbsp;&nbsp; 1770 | 1770634 |
| 4.38%, 11/15/30 | &nbsp;&nbsp; 3905 | 3913875 |
| 4.63%, 10/15/27 | &nbsp;&nbsp; 4691 | 4733430 |
| 4.63%, 09/10/29 | &nbsp;&nbsp; 4980 | 5047647 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 1650 | 1653320 |
| 4.88%, 04/01/28 | &nbsp;&nbsp; 2790 | 2836684 |
| 4.95%, 09/10/34 | &nbsp;&nbsp; 5415 | 5427678 |
| 5.00%, 11/15/35 | &nbsp;&nbsp; 2010 | 2005868 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 5.10%, 01/19/29 | &nbsp;&nbsp; $3655 | $3750994 |
| 5.30%, 01/19/34 | &nbsp;&nbsp; 3745 | 3853180 |
| 5.38%, 12/15/31 | &nbsp;&nbsp; 3215 | 3353327 |
| 5.75%, 06/06/28 | &nbsp;&nbsp; 5010 | 5189752 |
| 6.15%, 09/30/30 | &nbsp;&nbsp; 4175 | 4479571 |
| 6.45%, 04/15/27 | &nbsp;&nbsp; 3270 | 3351930 |
| 6.50%, 01/31/56, (5-year CMT + 2.44%)<sup>(a)</sup> | &nbsp;&nbsp; 620 | 642452 |
| 6.95%, 03/10/55, (5-year CMT + 2.72%)<sup>(a)</sup> | &nbsp;&nbsp; 3260 | 3439804 |
| Affiliated Managers Group, Inc. |  |  |
| 3.30%, 06/15/30 | &nbsp;&nbsp; 2741 | 2634582 |
| 5.50%, 08/20/34 | &nbsp;&nbsp; 1760 | 1807416 |
| 5.50%, 02/15/36 | &nbsp;&nbsp; 1865 | 1882021 |
| Air Lease Corp. |  |  |
| 2.10%, 09/01/28 | &nbsp;&nbsp; 2240 | 2127045 |
| 2.88%, 01/15/32 | &nbsp;&nbsp; 4523 | 4102192 |
| 3.00%, 02/01/30 | &nbsp;&nbsp; 2876 | 2722699 |
| 3.13%, 12/01/30 | &nbsp;&nbsp; 2948 | 2768101 |
| 3.25%, 10/01/29 | &nbsp;&nbsp; 2096 | 2022043 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 4838 | 4817599 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 2504 | 2486952 |
| 4.63%, 10/01/28<sup>(c)</sup> | &nbsp;&nbsp; 2354 | 2373391 |
| 5.10%, 03/01/29 | &nbsp;&nbsp; 2000 | 2044919 |
| 5.20%, 07/15/31 | &nbsp;&nbsp; 1590 | 1630552 |
| 5.30%, 02/01/28 | &nbsp;&nbsp; 4010 | 4093986 |
| 5.85%, 12/15/27 | &nbsp;&nbsp; 1770 | 1823017 |
| Ally Financial, Inc. |  |  |
| 2.20%, 11/02/28 | &nbsp;&nbsp; 4465 | 4251882 |
| 4.75%, 06/09/27 | &nbsp;&nbsp; 3620 | 3647224 |
| 5.54%, 01/17/31, (1-day SOFR Index + <br> 1.73%)<sup>(a)</sup><br>| &nbsp;&nbsp; 1150 | 1182120 |
| 5.55%, 07/31/33, (1-day SOFR + 1.78%)<sup>(a)</sup> | &nbsp;&nbsp; 2915 | 2937936 |
| 5.74%, 05/15/29, (1-day SOFR Index + <br> 1.96%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2530 | 2598248 |
| 6.18%, 07/26/35, (1-day SOFR + 2.29%)<sup>(a)</sup> | &nbsp;&nbsp; 3490 | 3599763 |
| 6.85%, 01/03/30, (1-day SOFR + 2.82%)<sup>(a)</sup> | &nbsp;&nbsp; 3280 | 3468944 |
| 6.99%, 06/13/29, (1-day SOFR + 3.26%)<sup>(a)</sup> | &nbsp;&nbsp; 2935 | 3091042 |
| 7.10%, 11/15/27 | &nbsp;&nbsp; 3425 | 3586773 |
| 8.00%, 11/01/31 | &nbsp;&nbsp; 12195 | 13839879 |
| American Express Co. |  |  |
| 2.55%, 03/04/27 | &nbsp;&nbsp; 9155 | 9051506 |
| 3.30%, 05/03/27 | &nbsp;&nbsp; 8795 | 8748825 |
| 4.01%, 02/09/29, (1-day SOFR + 0.58%)<sup>(a)</sup> | &nbsp;&nbsp; 5560 | 5575679 |
| 4.05%, 05/03/29 | &nbsp;&nbsp; 5600 | 5645012 |
| 4.05%, 12/03/42 | &nbsp;&nbsp; 7015 | 6121582 |
| 4.35%, 07/20/29, (1-day SOFR + 0.81%)<sup>(a)</sup> | &nbsp;&nbsp; 6965 | 7027122 |
| 4.42%, 08/03/33, (1-day SOFR + 1.76%)<sup>(a)</sup> | &nbsp;&nbsp; 5906 | 5897277 |
| 4.46%, 02/10/32, (1-day SOFR + 0.87%)<sup>(a)</sup> | &nbsp;&nbsp; 4070 | 4110122 |
| 4.73%, 04/25/29, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 7285 | 7403400 |
| 4.80%, 10/24/36, (1-day SOFR + 1.24%)<sup>(a)</sup> | &nbsp;&nbsp; 8710 | 8627882 |
| 4.92%, 07/20/33, (1-day SOFR + <br> 1.22%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 5895 | 6028296 |
| 4.99%, 05/26/33, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 3325 | 3394687 |
| 5.02%, 04/25/31, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 6645 | 6855292 |
| 5.04%, 07/26/28, (1-day SOFR + 0.93%)<sup>(a)</sup> | &nbsp;&nbsp; 4425 | 4492090 |
| 5.04%, 05/01/34, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 6895 | 7075584 |
| 5.09%, 01/30/31, (1-day SOFR Index + <br> 1.02%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4515 | 4665778 |
| 5.28%, 07/27/29, (1-day SOFR Index + <br> 1.28%)<sup>(a)</sup><br>| &nbsp;&nbsp; 6990 | 7200547 |
| 5.28%, 07/26/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 8310 | 8615993 |
| 5.41%, 02/08/41, (5-year CMT + 1.15%)<sup>(a)</sup> | &nbsp;&nbsp; 1900 | 1939559 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 5.44%, 01/30/36, (1-day SOFR Index + <br> 1.32%)<sup>(a)</sup><br>| &nbsp;&nbsp; $5735 | $5974531 |
| 5.53%, 04/25/30, (1-day SOFR Index + <br> 1.09%)<sup>(a)</sup><br>| &nbsp;&nbsp; 7220 | 7541964 |
| 5.63%, 07/28/34, (1-day SOFR + 1.93%)<sup>(a)</sup> | &nbsp;&nbsp; 1260 | 1321808 |
| 5.67%, 04/25/36, (1-day SOFR + 1.79%)<sup>(a)</sup> | &nbsp;&nbsp; 6750 | 7144032 |
| 5.85%, 11/05/27 | &nbsp;&nbsp; 8460 | 8729508 |
| 5.92%, 04/25/35, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 2830 | 3022596 |
| 6.49%, 10/30/31, (1-day SOFR + 1.94%)<sup>(a)</sup> | &nbsp;&nbsp; 5885 | 6441646 |
| American Express Credit Corp., 3.30%, <br> 05/03/27<br>| &nbsp;&nbsp; 3122 | 3105003 |
| Ameriprise Financial, Inc. |  |  |
| 4.50%, 05/13/32 | &nbsp;&nbsp; 2955 | 2984343 |
| 5.15%, 05/15/33 | &nbsp;&nbsp; 2815 | 2918685 |
| 5.20%, 04/15/35<sup>(c)</sup> | &nbsp;&nbsp; 2445 | 2490941 |
| 5.70%, 12/15/28 | &nbsp;&nbsp; 3370 | 3525769 |
| Andrew W Mellon Foundation (The), Series <br> 2020, 0.95%, 08/01/27<br>| &nbsp;&nbsp; 3490 | 3360175 |
| Apollo Global Management, Inc. |  |  |
| 4.60%, 01/15/31 | &nbsp;&nbsp; 1525 | 1535008 |
| 5.15%, 08/12/35 | &nbsp;&nbsp; 2530 | 2505655 |
| 5.80%, 05/21/54 | &nbsp;&nbsp; 2610 | 2479981 |
| 6.00%, 12/15/54, (5-year CMT + <br> 2.17%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 2505 | 2407750 |
| 6.38%, 11/15/33 | &nbsp;&nbsp; 2284 | 2485744 |
| Ares Management Corp. |  |  |
| 5.60%, 10/11/54 | &nbsp;&nbsp; 2315 | 2103870 |
| 6.38%, 11/10/28 | &nbsp;&nbsp; 2490 | 2615447 |
| BGC Group, Inc. |  |  |
| 6.15%, 04/02/30 | &nbsp;&nbsp; 2015 | 2096808 |
| 6.60%, 06/10/29 | &nbsp;&nbsp; 2410 | 2530739 |
| 8.00%, 05/25/28 | &nbsp;&nbsp; 2095 | 2240070 |
| Blue Owl Finance LLC |  |  |
| 3.13%, 06/10/31 | &nbsp;&nbsp; 3510 | 3120950 |
| 4.13%, 10/07/51<sup>(c)</sup> | &nbsp;&nbsp; 1160 | 772518 |
| 4.38%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp; 2340 | 2191781 |
| 6.25%, 04/18/34 | &nbsp;&nbsp; 4350 | 4347566 |
| Brookfield Asset Management Ltd. |  |  |
| 4.65%, 11/15/30 | &nbsp;&nbsp; 2020 | 2045576 |
| 5.30%, 01/15/36 | &nbsp;&nbsp; 2080 | 2069922 |
| 5.80%, 04/24/35 | &nbsp;&nbsp; 2325 | 2413890 |
| 6.08%, 09/15/55 | &nbsp;&nbsp; 2615 | 2652107 |
| Brookfield Capital Finance LLC, 6.09%, <br> 06/14/33<br>| &nbsp;&nbsp; 2340 | 2482751 |
| Brookfield Finance I U.K. PLC/Brookfield <br> Finance, Inc., 2.34%, 01/30/32<br>| &nbsp;&nbsp; 3960 | 3493223 |
| Brookfield Finance LLC/Brookfield Finance, <br> Inc., 3.45%, 04/15/50<br>| &nbsp;&nbsp; 3650 | 2469805 |
| Brookfield Finance, Inc. |  |  |
| 2.72%, 04/15/31 | &nbsp;&nbsp; 2925 | 2693089 |
| 3.50%, 03/30/51 | &nbsp;&nbsp; 3756 | 2576346 |
| 3.63%, 02/15/52 | &nbsp;&nbsp; 2497 | 1742407 |
| 3.90%, 01/25/28 | &nbsp;&nbsp; 6821 | 6808453 |
| 4.35%, 04/15/30 | &nbsp;&nbsp; 4609 | 4612487 |
| 4.70%, 09/20/47 | &nbsp;&nbsp; 4556 | 3909293 |
| 4.85%, 03/29/29 | &nbsp;&nbsp; 5132 | 5221959 |
| 5.33%, 01/15/36 | &nbsp;&nbsp; 1600 | 1595936 |
| 5.68%, 01/15/35 | &nbsp;&nbsp; 2795 | 2884054 |
| 5.97%, 03/04/54 | &nbsp;&nbsp; 2575 | 2563850 |
| 6.35%, 01/05/34 | &nbsp;&nbsp; 3215 | 3483329 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Capital One Financial Corp. |  |  |
| 2.36%, 07/29/32, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; $5183 | $4567609 |
| 2.62%, 11/02/32, (1-day SOFR + 1.27%)<sup>(a)</sup> | &nbsp;&nbsp; 3100 | 2808602 |
| 3.27%, 03/01/30, (1-day SOFR + 1.79%)<sup>(a)</sup> | &nbsp;&nbsp; 4165 | 4062251 |
| 3.65%, 05/11/27 | &nbsp;&nbsp; 4707 | 4691195 |
| 3.75%, 03/09/27 | &nbsp;&nbsp; 5999 | 5988529 |
| 3.80%, 01/31/28 | &nbsp;&nbsp; 7175 | 7152172 |
| 4.49%, 09/11/31, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 2405 | 2405975 |
| 4.72%, 01/30/32, (1-day SOFR + 1.15%)<sup>(a)</sup> | &nbsp;&nbsp; 3330 | 3355731 |
| 4.93%, 05/10/28, (1-day SOFR + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 7396 | 7469179 |
| 5.20%, 09/11/36, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 12030 | 12000963 |
| 5.25%, 07/26/30, (1-day SOFR + <br> 2.60%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 4375 | 4516489 |
| 5.27%, 05/10/33, (1-day SOFR + 2.37%)<sup>(a)</sup> | &nbsp;&nbsp; 5400 | 5536964 |
| 5.40%, 01/30/37, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 6070 | 6123411 |
| 5.46%, 07/26/30, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 2535 | 2629511 |
| 5.47%, 02/01/29, (1-day SOFR + 2.08%)<sup>(a)</sup> | &nbsp;&nbsp; 4402 | 4513123 |
| 5.70%, 02/01/30, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 4235 | 4409805 |
| 5.82%, 02/01/34, (1-day SOFR + 2.60%)<sup>(a)</sup> | &nbsp;&nbsp; 6160 | 6500549 |
| 5.88%, 07/26/35, (1-day SOFR + 1.99%)<sup>(a)</sup> | &nbsp;&nbsp; 5185 | 5461777 |
| 6.05%, 02/01/35, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 4870 | 5174497 |
| 6.18%, 01/30/36, (1-day SOFR + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 2440 | 2537685 |
| 6.31%, 06/08/29, (1-day SOFR + 2.64%)<sup>(a)</sup> | &nbsp;&nbsp; 7648 | 7996912 |
| 6.38%, 06/08/34, (1-day SOFR + 2.86%)<sup>(a)</sup> | &nbsp;&nbsp; 8175 | 8864628 |
| 6.70%, 11/29/32 | &nbsp;&nbsp; 3945 | 4387367 |
| 7.62%, 10/30/31, (1-day SOFR + 3.07%)<sup>(a)</sup> | &nbsp;&nbsp; 6250 | 7060731 |
| 7.96%, 11/02/34, (1-day SOFR + 3.37%)<sup>(a)</sup> | &nbsp;&nbsp; 4465 | 5254565 |
| Cboe Global Markets, Inc. |  |  |
| 1.63%, 12/15/30 | &nbsp;&nbsp; 3710 | 3316663 |
| 3.00%, 03/16/32 | &nbsp;&nbsp; 1670 | 1561372 |
| Charles Schwab Corp.(The) |  |  |
| 1.65%, 03/11/31 | &nbsp;&nbsp; 4004 | 3547806 |
| 1.95%, 12/01/31 | &nbsp;&nbsp; 4116 | 3646871 |
| 2.00%, 03/20/28 | &nbsp;&nbsp; 5232 | 5052509 |
| 2.30%, 05/13/31 | &nbsp;&nbsp; 3538 | 3234231 |
| 2.45%, 03/03/27 | &nbsp;&nbsp; 6110 | 6032211 |
| 2.75%, 10/01/29 | &nbsp;&nbsp; 3109 | 2989456 |
| 2.90%, 03/03/32 | &nbsp;&nbsp; 4578 | 4229781 |
| 3.20%, 03/02/27 | &nbsp;&nbsp; 4327 | 4303511 |
| 3.20%, 01/25/28 | &nbsp;&nbsp; 4973 | 4930174 |
| 3.25%, 05/22/29 | &nbsp;&nbsp; 3295 | 3239369 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 4875 | 4849455 |
| 4.00%, 02/01/29 | &nbsp;&nbsp; 3808 | 3833840 |
| 4.34%, 11/14/31, (1-day SOFR + 0.94%)<sup>(a)</sup> | &nbsp;&nbsp; 6985 | 7021112 |
| 4.63%, 03/22/30 | &nbsp;&nbsp; 3158 | 3248134 |
| 4.91%, 11/14/36, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 6300 | 6300437 |
| 5.64%, 05/19/29, (1-day SOFR + <br> 2.21%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 3340 | 3466056 |
| 5.85%, 05/19/34, (1-day SOFR + 2.50%)<sup>(a)</sup> | &nbsp;&nbsp; 5250 | 5636684 |
| 6.14%, 08/24/34, (1-day SOFR + 2.01%)<sup>(a)</sup> | &nbsp;&nbsp; 4735 | 5167370 |
| 6.20%, 11/17/29, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 4570 | 4838310 |
| CI Financial Corp. |  |  |
| 3.20%, 12/17/30 | &nbsp;&nbsp; 5408 | 4950834 |
| 4.10%, 06/15/51 | &nbsp;&nbsp; 900 | 631770 |
| CME Group, Inc. |  |  |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 4241 | 3921598 |
| 3.75%, 06/15/28 | &nbsp;&nbsp; 6363 | 6366408 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 3538 | 3033969 |
| 4.40%, 03/15/30 | &nbsp;&nbsp; 2955 | 3009078 |
| 5.30%, 09/15/43 | &nbsp;&nbsp; 3499 | 3575737 |
| Eaton Vance Corp., 3.50%, 04/06/27 | &nbsp;&nbsp; 3629 | 3617994 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Enact Holdings, Inc., 6.25%, 05/28/29 | &nbsp;&nbsp; $2860 | $3001187 |
| Franklin Resources, Inc. |  |  |
| 1.60%, 10/30/30 | &nbsp;&nbsp; 4637 | 4164931 |
| 2.95%, 08/12/51 | &nbsp;&nbsp; 1840 | 1183497 |
| Intercontinental Exchange, Inc. |  |  |
| 1.85%, 09/15/32 | &nbsp;&nbsp; 7198 | 6199111 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 6487 | 5997475 |
| 2.65%, 09/15/40 | &nbsp;&nbsp; 4988 | 3725426 |
| 3.00%, 06/15/50 | &nbsp;&nbsp; 6612 | 4363195 |
| 3.00%, 09/15/60 | &nbsp;&nbsp; 6030 | 3611806 |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 5455 | 5400879 |
| 3.63%, 09/01/28 | &nbsp;&nbsp; 2260 | 2246079 |
| 3.75%, 09/21/28 | &nbsp;&nbsp; 3997 | 3982971 |
| 3.95%, 12/01/28 | &nbsp;&nbsp; 1540 | 1543508 |
| 4.00%, 09/15/27 | &nbsp;&nbsp; 7545 | 7567911 |
| 4.20%, 03/15/31 | &nbsp;&nbsp; 1760 | 1771553 |
| 4.25%, 09/21/48 | &nbsp;&nbsp; 6210 | 5180077 |
| 4.35%, 06/15/29 | &nbsp;&nbsp; 7295 | 7388482 |
| 4.60%, 03/15/33 | &nbsp;&nbsp; 7050 | 7149960 |
| 4.95%, 06/15/52 | &nbsp;&nbsp; 5802 | 5299161 |
| 5.20%, 06/15/62 | &nbsp;&nbsp; 4515 | 4181292 |
| 5.25%, 06/15/31 | &nbsp;&nbsp; 3160 | 3320978 |
| Invesco Finance PLC, 5.38%, 11/30/43 | &nbsp;&nbsp; 1919 | 1886112 |
| Janus Henderson U.S. Holdings, Inc., 5.45%, <br> 09/10/34<br>| &nbsp;&nbsp; 1415 | 1435173 |
| Jefferies Financial Group, Inc. |  |  |
| 2.63%, 10/15/31 | &nbsp;&nbsp; 4825 | 4287840 |
| 2.75%, 10/15/32 | &nbsp;&nbsp; 4205 | 3681066 |
| 4.15%, 01/23/30 | &nbsp;&nbsp; 5190 | 5112951 |
| 5.50%, 02/15/36 | &nbsp;&nbsp; 4325 | 4243163 |
| 5.88%, 07/21/28 | &nbsp;&nbsp; 5105 | 5277494 |
| 6.20%, 04/14/34 | &nbsp;&nbsp; 6070 | 6356160 |
| 6.25%, 01/15/36 | &nbsp;&nbsp; 3143 | 3285951 |
| 6.45%, 06/08/27 | &nbsp;&nbsp; 2726 | 2797334 |
| 6.50%, 01/20/43 | &nbsp;&nbsp; 2139 | 2178931 |
| Lazard Group LLC |  |  |
| 4.38%, 03/11/29 | &nbsp;&nbsp; 3867 | 3878212 |
| 4.50%, 09/19/28 | &nbsp;&nbsp; 3288 | 3306564 |
| 5.63%, 08/01/35 | &nbsp;&nbsp; 1380 | 1428615 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 2165 | 2306949 |
| Legg Mason, Inc., 5.63%, 01/15/44 | &nbsp;&nbsp; 2828 | 2826813 |
| LPL Holdings, Inc. |  |  |
| 4.90%, 04/03/28 | &nbsp;&nbsp; 865 | 874861 |
| 5.15%, 06/15/30 | &nbsp;&nbsp; 2365 | 2412996 |
| 5.20%, 03/15/30 | &nbsp;&nbsp; 3640 | 3722725 |
| 5.65%, 03/15/35 | &nbsp;&nbsp; 2380 | 2418123 |
| 5.70%, 05/20/27 | &nbsp;&nbsp; 2700 | 2742010 |
| 5.75%, 06/15/35 | &nbsp;&nbsp; 1425 | 1455080 |
| 6.00%, 05/20/34 | &nbsp;&nbsp; 2180 | 2278605 |
| 6.75%, 11/17/28 | &nbsp;&nbsp; 3205 | 3399247 |
| Marex Group PLC |  |  |
| 5.83%, 05/08/28 | &nbsp;&nbsp; 459 | 468111 |
| 6.40%, 11/04/29 | &nbsp;&nbsp; 2460 | 2574397 |
| Mastercard, Inc. |  |  |
| 1.90%, 03/15/31 | &nbsp;&nbsp; 4380 | 3974896 |
| 2.00%, 11/18/31 | &nbsp;&nbsp; 4330 | 3895571 |
| 2.95%, 06/01/29 | &nbsp;&nbsp; 5259 | 5122225 |
| 2.95%, 03/15/51 | &nbsp;&nbsp; 3805 | 2530872 |
| 3.30%, 03/26/27 | &nbsp;&nbsp; 6310 | 6287206 |
| 3.35%, 03/26/30 | &nbsp;&nbsp; 7525 | 7393227 |
| 3.50%, 02/26/28 | &nbsp;&nbsp; 3645 | 3642437 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 3.65%, 06/01/49 | &nbsp;&nbsp; $5036 | $3878784 |
| 3.80%, 11/21/46 | &nbsp;&nbsp; 3092 | 2507644 |
| 3.85%, 03/26/50 | &nbsp;&nbsp; 7239 | 5727575 |
| 3.95%, 02/26/48 | &nbsp;&nbsp; 2826 | 2299561 |
| 4.10%, 01/15/28 | &nbsp;&nbsp; 2180 | 2198186 |
| 4.35%, 01/15/32 | &nbsp;&nbsp; 3315 | 3360472 |
| 4.55%, 03/15/28 | &nbsp;&nbsp; 1895 | 1926495 |
| 4.55%, 01/15/35 | &nbsp;&nbsp; 3510 | 3532853 |
| 4.85%, 03/09/33 | &nbsp;&nbsp; 4261 | 4404831 |
| 4.88%, 03/09/28 | &nbsp;&nbsp; 5095 | 5208687 |
| 4.88%, 05/09/34 | &nbsp;&nbsp; 4900 | 5051096 |
| 4.95%, 03/15/32 | &nbsp;&nbsp; 3055 | 3190528 |
| Nasdaq, Inc. |  |  |
| 1.65%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp; 4206 | 3754357 |
| 2.50%, 12/21/40 | &nbsp;&nbsp; 3860 | 2765879 |
| 3.25%, 04/28/50 | &nbsp;&nbsp; 4168 | 2849374 |
| 3.95%, 03/07/52 | &nbsp;&nbsp; 1707 | 1295972 |
| 5.35%, 06/28/28 | &nbsp;&nbsp; 6146 | 6324481 |
| 5.55%, 02/15/34<sup>(c)</sup> | &nbsp;&nbsp; 5103 | 5376591 |
| 5.95%, 08/15/53 | &nbsp;&nbsp; 1999 | 2072304 |
| 6.10%, 06/28/63 | &nbsp;&nbsp; 3069 | 3186208 |
| Nomura Holdings, Inc. |  |  |
| 2.17%, 07/14/28 | &nbsp;&nbsp; 5732 | 5484247 |
| 2.61%, 07/14/31 | &nbsp;&nbsp; 4715 | 4301035 |
| 2.68%, 07/16/30 | &nbsp;&nbsp; 4810 | 4496555 |
| 2.71%, 01/22/29 | &nbsp;&nbsp; 3360 | 3231899 |
| 3.00%, 01/22/32 | &nbsp;&nbsp; 4485 | 4136478 |
| 3.10%, 01/16/30 | &nbsp;&nbsp; 5775 | 5537864 |
| 4.90%, 07/01/30 | &nbsp;&nbsp; 3520 | 3600263 |
| 5.04%, 06/10/36, (5-year CMT + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 430 | 431067 |
| 5.39%, 07/06/27 | &nbsp;&nbsp; 2605 | 2649914 |
| 5.49%, 06/29/35<sup>(c)</sup> | &nbsp;&nbsp; 2940 | 3064266 |
| 5.59%, 07/02/27 | &nbsp;&nbsp; 3465 | 3534642 |
| 5.61%, 07/06/29 | &nbsp;&nbsp; 2680 | 2799197 |
| 5.78%, 07/03/34 | &nbsp;&nbsp; 4135 | 4393713 |
| 5.84%, 01/18/28 | &nbsp;&nbsp; 3915 | 4038794 |
| 6.07%, 07/12/28 | &nbsp;&nbsp; 3470 | 3623485 |
| 6.09%, 07/12/33 | &nbsp;&nbsp; 2727 | 2960604 |
| 6.18%, 01/18/33 | &nbsp;&nbsp; 2220 | 2415216 |
| ORIX Corp. |  |  |
| 2.25%, 03/09/31 | &nbsp;&nbsp; 3225 | 2939266 |
| 3.70%, 07/18/27 | &nbsp;&nbsp; 3253 | 3245055 |
| 4.00%, 04/13/32 | &nbsp;&nbsp; 2613 | 2573385 |
| 4.45%, 09/09/30 | &nbsp;&nbsp; 1625 | 1643460 |
| 4.65%, 09/10/29 | &nbsp;&nbsp; 2450 | 2507993 |
| 5.00%, 09/13/27<sup>(c)</sup> | &nbsp;&nbsp; 1913 | 1943809 |
| 5.20%, 09/13/32 | &nbsp;&nbsp; 2320 | 2426663 |
| 5.40%, 02/25/35 | &nbsp;&nbsp; 2125 | 2219463 |
| Radian Group, Inc. |  |  |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 3110 | 3119025 |
| 6.20%, 05/15/29 | &nbsp;&nbsp; 3140 | 3291762 |
| Raymond James Financial, Inc. |  |  |
| 3.75%, 04/01/51 | &nbsp;&nbsp; 3945 | 2919693 |
| 4.65%, 04/01/30 | &nbsp;&nbsp; 4302 | 4400447 |
| 4.90%, 09/11/35 | &nbsp;&nbsp; 1875 | 1870264 |
| 4.95%, 07/15/46 | &nbsp;&nbsp; 3949 | 3635676 |
| 5.65%, 09/11/55 | &nbsp;&nbsp; 1830 | 1785881 |
| Stifel Financial Corp., 4.00%, 05/15/30 | &nbsp;&nbsp; 2517 | 2478575 |
| Synchrony Financial |  |  |
| 2.88%, 10/28/31 | &nbsp;&nbsp; 4891 | 4389107 |
| 3.95%, 12/01/27 | &nbsp;&nbsp; 5322 | 5299098 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 4.95%, 02/25/32, (1-day SOFR + 1.53%)<sup>(a)</sup> | &nbsp;&nbsp; $1100 | $1092751 |
| 5.02%, 07/29/29, (1-day SOFR + 1.40%)<sup>(a)</sup> | &nbsp;&nbsp; 265 | 268184 |
| 5.15%, 03/19/29 | &nbsp;&nbsp; 2852 | 2898318 |
| 5.45%, 03/06/31, (1-day SOFR + 1.68%)<sup>(a)</sup> | &nbsp;&nbsp; 1080 | 1103767 |
| 5.94%, 08/02/30, (1-day SOFR + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 3320 | 3445348 |
| 6.00%, 07/29/36, (1-day SOFR + 2.07%)<sup>(a)</sup> | &nbsp;&nbsp; 1355 | 1380620 |
| TPG Operating Group II LP |  |  |
| 5.38%, 01/15/36<sup>(c)</sup> | &nbsp;&nbsp; 1590 | 1572632 |
| 5.88%, 03/05/34 | &nbsp;&nbsp; 2915 | 3016234 |
| UBS Americas, Inc., 7.13%, 07/15/32 | &nbsp;&nbsp; 3921 | 4518652 |
| Visa, Inc. |  |  |
| 0.75%, 08/15/27 | &nbsp;&nbsp; 3059 | 2939071 |
| 1.10%, 02/15/31 | &nbsp;&nbsp; 6302 | 5542401 |
| 1.90%, 04/15/27 | &nbsp;&nbsp; 7861 | 7709626 |
| 2.00%, 08/15/50<sup>(c)</sup> | &nbsp;&nbsp; 5203 | 2863514 |
| 2.05%, 04/15/30 | &nbsp;&nbsp; 7936 | 7417537 |
| 2.70%, 04/15/40 | &nbsp;&nbsp; 4859 | 3790857 |
| 2.75%, 09/15/27 | &nbsp;&nbsp; 4899 | 4836212 |
| 3.65%, 09/15/47 | &nbsp;&nbsp; 5484 | 4338720 |
| 3.80%, 02/12/29 | &nbsp;&nbsp; 2365 | 2376840 |
| 4.10%, 02/12/31 | &nbsp;&nbsp; 2075 | 2099132 |
| 4.15%, 12/14/35<sup>(c)</sup> | &nbsp;&nbsp; 8254 | 8081010 |
| 4.30%, 12/14/45 | &nbsp;&nbsp; 16799 | 14790481 |
| 4.40%, 02/12/33 | &nbsp;&nbsp; 2095 | 2118196 |
| 4.70%, 02/12/36 | &nbsp;&nbsp; 2175 | 2196986 |
| Voya Financial, Inc. |  |  |
| 4.70%, 01/23/48, (3-mo. SOFR US + <br> 2.34%)<sup>(a)</sup><br>| &nbsp;&nbsp; 1479 | 1422820 |
| 4.80%, 06/15/46 | &nbsp;&nbsp; 2039 | 1816061 |
| 5.00%, 09/20/34<sup>(c)</sup> | &nbsp;&nbsp; 2190 | 2171826 |
| 5.05%, 03/02/36 | &nbsp;&nbsp; 875 | 867060 |
| 5.70%, 07/15/43 | &nbsp;&nbsp; 2573 | 2518319 |
| Western Union Co.(The) |  |  |
| 2.75%, 03/15/31<sup>(c)</sup> | &nbsp;&nbsp; 2760 | 2519334 |
| 4.75%, 06/15/29 | &nbsp;&nbsp; 1325 | 1327690 |
| 6.20%, 11/17/36<sup>(c)</sup> | &nbsp;&nbsp; 2947 | 3064551 |
|  |  | 1199591982 |
| **Electric — 2.3%** | **Electric — 2.3%** | **Electric — 2.3%** |
| AEP Texas, Inc. |  |  |
| 3.45%, 05/15/51 | &nbsp;&nbsp; 2075 | 1430277 |
| 3.80%, 10/01/47 | &nbsp;&nbsp; 1621 | 1210960 |
| 3.95%, 06/01/28 | &nbsp;&nbsp; 2792 | 2789474 |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 2420 | 2448317 |
| 5.25%, 05/15/52 | &nbsp;&nbsp; 2290 | 2111267 |
| 5.40%, 06/01/33 | &nbsp;&nbsp; 2190 | 2277997 |
| 5.45%, 05/15/29 | &nbsp;&nbsp; 2200 | 2291080 |
| 5.70%, 05/15/34 | &nbsp;&nbsp; 3180 | 3364901 |
| 5.85%, 10/15/55 | &nbsp;&nbsp; 2710 | 2705056 |
| Series G, 4.15%, 05/01/49 | &nbsp;&nbsp; 1556 | 1220204 |
| Series H, 3.45%, 01/15/50 | &nbsp;&nbsp; 2327 | 1627820 |
| Series I, 2.10%, 07/01/30 | &nbsp;&nbsp; 3135 | 2892045 |
| AEP Transmission Co. LLC |  |  |
| 3.15%, 09/15/49 | &nbsp;&nbsp; 939 | 643922 |
| 3.75%, 12/01/47 | &nbsp;&nbsp; 2535 | 1973673 |
| 3.80%, 06/15/49 | &nbsp;&nbsp; 1896 | 1459411 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 1890 | 1548320 |
| 4.25%, 09/15/48 | &nbsp;&nbsp; 1782 | 1484265 |
| 4.50%, 06/15/52 | &nbsp;&nbsp; 2540 | 2178194 |
| 5.15%, 04/01/34 | &nbsp;&nbsp; 1705 | 1761527 |
| 5.38%, 06/15/35 | &nbsp;&nbsp; 930 | 970982 |
| 5.40%, 03/15/53 | &nbsp;&nbsp; 2840 | 2769828 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series M, 3.65%, 04/01/50 | &nbsp;&nbsp; $2990 | $2252209 |
| Series N, 2.75%, 08/15/51 | &nbsp;&nbsp; 2224 | 1379351 |
| AES Corp.(The) |  |  |
| 2.45%, 01/15/31 | &nbsp;&nbsp; 6010 | 5570250 |
| 5.45%, 06/01/28 | &nbsp;&nbsp; 4380 | 4479505 |
| 5.80%, 03/15/32 | &nbsp;&nbsp; 580 | 604571 |
| Alabama Power Co. |  |  |
| 3.00%, 03/15/52 | &nbsp;&nbsp; 3440 | 2261519 |
| 3.05%, 03/15/32 | &nbsp;&nbsp; 1020 | 957410 |
| 3.13%, 07/15/51 | &nbsp;&nbsp; 2845 | 1922894 |
| 3.45%, 10/01/49 | &nbsp;&nbsp; 2893 | 2106077 |
| 3.75%, 09/01/27 | &nbsp;&nbsp; 2590 | 2593137 |
| 3.75%, 03/01/45 | &nbsp;&nbsp; 3328 | 2663372 |
| 3.85%, 12/01/42 | &nbsp;&nbsp; 1677 | 1410131 |
| 3.94%, 09/01/32 | &nbsp;&nbsp; 2740 | 2695380 |
| 4.15%, 08/15/44 | &nbsp;&nbsp; 2000 | 1709263 |
| 4.30%, 01/02/46 | &nbsp;&nbsp; 1852 | 1587739 |
| 5.10%, 04/02/35 | &nbsp;&nbsp; 2005 | 2076513 |
| 5.85%, 11/15/33 | &nbsp;&nbsp; 1815 | 1964989 |
| 6.00%, 03/01/39 | &nbsp;&nbsp; 1414 | 1544859 |
| 6.13%, 05/15/38 | &nbsp;&nbsp; 1325 | 1475294 |
| Series 20-A, 1.45%, 09/15/30 | &nbsp;&nbsp; 3214 | 2878639 |
| Series A, 4.30%, 07/15/48 | &nbsp;&nbsp; 2576 | 2164646 |
| Series B, 3.70%, 12/01/47 | &nbsp;&nbsp; 2676 | 2080641 |
| Series C, 4.30%, 03/15/31 | &nbsp;&nbsp; 2130 | 2150659 |
| Alliant Energy Corp., 5.75%, 04/01/56, (5-year <br> CMT + 2.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; 1120 | 1113787 |
| Ameren Corp. |  |  |
| 1.75%, 03/15/28 | &nbsp;&nbsp; 2511 | 2402047 |
| 1.95%, 03/15/27 | &nbsp;&nbsp; 3075 | 3013346 |
| 3.50%, 01/15/31 | &nbsp;&nbsp; 3555 | 3444973 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 3529 | 3628421 |
| 5.00%, 05/15/36 | &nbsp;&nbsp; 1775 | 1778488 |
| 5.38%, 03/15/35 | &nbsp;&nbsp; 2330 | 2406252 |
| Ameren Illinois Co. |  |  |
| 1.55%, 11/15/30 | &nbsp;&nbsp; 1777 | 1588910 |
| 2.90%, 06/15/51 | &nbsp;&nbsp; 2099 | 1361808 |
| 3.25%, 03/15/50 | &nbsp;&nbsp; 1812 | 1264173 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 2581 | 1994498 |
| 3.80%, 05/15/28 | &nbsp;&nbsp; 2412 | 2413115 |
| 3.85%, 09/01/32 | &nbsp;&nbsp; 2225 | 2168744 |
| 4.15%, 03/15/46 | &nbsp;&nbsp; 2446 | 2067137 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 2549 | 2217372 |
| 4.95%, 06/01/33 | &nbsp;&nbsp; 2360 | 2433396 |
| 5.55%, 07/01/54 | &nbsp;&nbsp; 3005 | 3000219 |
| 5.63%, 03/01/55 | &nbsp;&nbsp; 3575 | 3616147 |
| 5.90%, 12/01/52 | &nbsp;&nbsp; 1805 | 1889050 |
| American Electric Power Co., Inc. |  |  |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 2241 | 2090628 |
| 3.20%, 11/13/27 | &nbsp;&nbsp; 3003 | 2968052 |
| 3.25%, 03/01/50<sup>(c)</sup> | &nbsp;&nbsp; 1637 | 1119223 |
| 5.20%, 01/15/29 | &nbsp;&nbsp; 5325 | 5505542 |
| 5.63%, 03/01/33 | &nbsp;&nbsp; 3231 | 3425204 |
| 5.75%, 11/01/27 | &nbsp;&nbsp; 2990 | 3075017 |
| 5.95%, 11/01/32 | &nbsp;&nbsp; 2214 | 2394832 |
| 6.95%, 12/15/54, (5-year CMT + 2.68%)<sup>(a)</sup> | &nbsp;&nbsp; 3380 | 3653576 |
| 7.05%, 12/15/54, (5-year CMT + 2.75%)<sup>(a)</sup> | &nbsp;&nbsp; 1960 | 2068583 |
| Series C, 5.80%, 03/15/56, (5-year CMT + <br> 2.13%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2265 | 2277183 |
| Series D, 6.05%, 03/15/56, (5-year CMT + <br> 1.94%)<sup>(a)</sup><br>| &nbsp;&nbsp; 1745 | 1751317 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series J, 4.30%, 12/01/28 | &nbsp;&nbsp; $3335 | $3364942 |
| Appalachian Power Co. |  |  |
| 4.40%, 05/15/44 | &nbsp;&nbsp; 1544 | 1334238 |
| 4.45%, 06/01/45 | &nbsp;&nbsp; 1948 | 1657126 |
| 4.50%, 08/01/32 | &nbsp;&nbsp; 2655 | 2658539 |
| 5.65%, 04/01/34 | &nbsp;&nbsp; 1790 | 1888089 |
| 7.00%, 04/01/38 | &nbsp;&nbsp; 2085 | 2386783 |
| Series AA, 2.70%, 04/01/31 | &nbsp;&nbsp; 2032 | 1882865 |
| Series X, 3.30%, 06/01/27 | &nbsp;&nbsp; 2264 | 2243117 |
| Series Y, 4.50%, 03/01/49 | &nbsp;&nbsp; 2130 | 1797270 |
| Series Z, 3.70%, 05/01/50 | &nbsp;&nbsp; 2540 | 1879143 |
| Arizona Public Service Co. |  |  |
| 2.20%, 12/15/31 | &nbsp;&nbsp; 1980 | 1762063 |
| 2.60%, 08/15/29 | &nbsp;&nbsp; 2855 | 2719845 |
| 2.65%, 09/15/50 | &nbsp;&nbsp; 2051 | 1241478 |
| 2.95%, 09/15/27 | &nbsp;&nbsp; 2124 | 2094044 |
| 3.35%, 05/15/50 | &nbsp;&nbsp; 3162 | 2191039 |
| 3.50%, 12/01/49 | &nbsp;&nbsp; 1803 | 1293898 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 2316 | 1805161 |
| 4.20%, 08/15/48 | &nbsp;&nbsp; 1603 | 1316194 |
| 4.25%, 03/01/49 | &nbsp;&nbsp; 1915 | 1555711 |
| 4.35%, 11/15/45 | &nbsp;&nbsp; 2502 | 2114511 |
| 4.50%, 04/01/42 | &nbsp;&nbsp; 2255 | 2022161 |
| 5.05%, 09/01/41 | &nbsp;&nbsp; 2005 | 1952464 |
| 5.55%, 08/01/33 | &nbsp;&nbsp; 2105 | 2211209 |
| 5.70%, 08/15/34 | &nbsp;&nbsp; 2880 | 3052449 |
| 5.90%, 08/15/55 | &nbsp;&nbsp; 2740 | 2815970 |
| 6.35%, 12/15/32 | &nbsp;&nbsp; 1865 | 2050272 |
| Atlantic City Electric Co. |  |  |
| 2.30%, 03/15/31 | &nbsp;&nbsp; 2189 | 2011535 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 2547 | 2555314 |
| Avangrid, Inc., 3.80%, 06/01/29 | &nbsp;&nbsp; 4518 | 4483069 |
| Avista Corp. |  |  |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 3385 | 2632377 |
| 4.35%, 06/01/48 | &nbsp;&nbsp; 2480 | 2084618 |
| Baltimore Gas and Electric Co. |  |  |
| 2.25%, 06/15/31 | &nbsp;&nbsp; 3465 | 3165171 |
| 2.90%, 06/15/50 | &nbsp;&nbsp; 1845 | 1201503 |
| 3.20%, 09/15/49 | &nbsp;&nbsp; 2100 | 1445946 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 2480 | 1875951 |
| 3.75%, 08/15/47 | &nbsp;&nbsp; 1989 | 1546857 |
| 4.25%, 09/15/48 | &nbsp;&nbsp; 1804 | 1512439 |
| 4.55%, 06/01/52 | &nbsp;&nbsp; 2402 | 2063984 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 1555 | 1622921 |
| 5.40%, 06/01/53 | &nbsp;&nbsp; 2825 | 2754761 |
| 5.45%, 06/01/35 | &nbsp;&nbsp; 3970 | 4169547 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 1680 | 1693142 |
| 6.35%, 10/01/36 | &nbsp;&nbsp; 1600 | 1791610 |
| Basin Electric Power Cooperative, 5.85%, <br> 10/15/55<sup>(b)</sup><br>| &nbsp;&nbsp; 3660 | 3683974 |
| Berkshire Hathaway Energy Co. |  |  |
| 1.65%, 05/15/31 | &nbsp;&nbsp; 2651 | 2344884 |
| 2.85%, 05/15/51 | &nbsp;&nbsp; 6845 | 4308254 |
| 3.25%, 04/15/28 | &nbsp;&nbsp; 3717 | 3677928 |
| 3.70%, 07/15/30 | &nbsp;&nbsp; 5500 | 5445610 |
| 3.80%, 07/15/48 | &nbsp;&nbsp; 3811 | 2938359 |
| 4.25%, 10/15/50 | &nbsp;&nbsp; 4437 | 3655281 |
| 4.45%, 01/15/49 | &nbsp;&nbsp; 4586 | 3867980 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 3214 | 2811235 |
| 4.60%, 05/01/53 | &nbsp;&nbsp; 4475 | 3793185 |
| 5.15%, 11/15/43 | &nbsp;&nbsp; 3378 | 3275654 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.95%, 05/15/37 | &nbsp;&nbsp; $2618 | $2850426 |
| 6.13%, 04/01/36 | &nbsp;&nbsp; 7268 | 7970413 |
| Black Hills Corp. |  |  |
| 2.50%, 06/15/30 | &nbsp;&nbsp; 2057 | 1915127 |
| 3.05%, 10/15/29 | &nbsp;&nbsp; 3052 | 2941030 |
| 3.88%, 10/15/49 | &nbsp;&nbsp; 2654 | 2025060 |
| 4.20%, 09/15/46 | &nbsp;&nbsp; 1360 | 1110110 |
| 4.35%, 05/01/33 | &nbsp;&nbsp; 1655 | 1622087 |
| 4.55%, 01/31/31 | &nbsp;&nbsp; 2610 | 2635629 |
| 5.95%, 03/15/28 | &nbsp;&nbsp; 3220 | 3338770 |
| 6.00%, 01/15/35 | &nbsp;&nbsp; 2150 | 2316387 |
| 6.15%, 05/15/34 | &nbsp;&nbsp; 1395 | 1514929 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 3.55%, 08/01/42 | &nbsp;&nbsp; 2365 | 1915838 |
| 3.60%, 03/01/52 | &nbsp;&nbsp; 2720 | 2028740 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 2968 | 2399848 |
| 4.50%, 04/01/44 | &nbsp;&nbsp; 2705 | 2416288 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 2315 | 2386442 |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 2495 | 2561604 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 1895 | 1938793 |
| 5.15%, 03/01/34 | &nbsp;&nbsp; 1140 | 1183777 |
| 5.20%, 10/01/28 | &nbsp;&nbsp; 3135 | 3238615 |
| 5.30%, 04/01/53 | &nbsp;&nbsp; 1390 | 1348539 |
| Series AD, 2.90%, 07/01/50 | &nbsp;&nbsp; 3130 | 2052013 |
| Series AE, 2.35%, 04/01/31 | &nbsp;&nbsp; 1825 | 1671752 |
| Series AF, 3.35%, 04/01/51 | &nbsp;&nbsp; 3450 | 2456480 |
| Series AG, 3.00%, 03/01/32 | &nbsp;&nbsp; 1855 | 1727325 |
| Series ai., 4.45%, 10/01/32 | &nbsp;&nbsp; 2825 | 2847008 |
| Series AJ, 4.85%, 10/01/52 | &nbsp;&nbsp; 2630 | 2395852 |
| Series AQ, 4.95%, 08/15/35 | &nbsp;&nbsp; 930 | 944819 |
| Series AR, 4.85%, 04/01/36 | &nbsp;&nbsp; 1130 | 1134047 |
| Series K2, 6.95%, 03/15/33 | &nbsp;&nbsp; 735 | 839388 |
| CenterPoint Energy, Inc. |  |  |
| 2.95%, 03/01/30 | &nbsp;&nbsp; 2859 | 2739691 |
| 5.40%, 06/01/29 | &nbsp;&nbsp; 2815 | 2927761 |
| 5.95%, 04/01/56, (5-year CMT + 2.22%)<sup>(a)</sup> | &nbsp;&nbsp; 1610 | 1620512 |
| 6.70%, 05/15/55, (5-year CMT + 2.59%)<sup>(a)</sup> | &nbsp;&nbsp; 1890 | 1950168 |
| Series A, 7.00%, 02/15/55, (5-year CMT + <br> 3.25%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2500 | 2628973 |
| Series B, 6.85%, 02/15/55, (5-year CMT + <br> 2.95%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2530 | 2694857 |
| Cleco Corporate Holdings LLC, 4.97%, <br> 05/01/46<br>| &nbsp;&nbsp; 2009 | 1781922 |
| Cleveland Electric Illuminating Co. (The), <br> 5.95%, 12/15/36<br>| &nbsp;&nbsp; 1349 | 1433089 |
| CMS Energy Corp. |  |  |
| 3.45%, 08/15/27 | &nbsp;&nbsp; 2498 | 2480281 |
| 3.75%, 12/01/50, (5-year CMT + 2.90%)<sup>(a)</sup> | &nbsp;&nbsp; 1720 | 1604452 |
| 4.75%, 06/01/50, (5-year CMT + 4.12%)<sup>(a)</sup> | &nbsp;&nbsp; 2830 | 2800197 |
| 4.88%, 03/01/44 | &nbsp;&nbsp; 1725 | 1571252 |
| 6.50%, 06/01/55, (5-year CMT + 1.96%)<sup>(a)</sup> | &nbsp;&nbsp; 1920 | 2000916 |
| Commonwealth Edison Co. |  |  |
| 2.20%, 03/01/30 | &nbsp;&nbsp; 2055 | 1921453 |
| 3.00%, 03/01/50 | &nbsp;&nbsp; 2870 | 1906184 |
| 3.15%, 03/15/32 | &nbsp;&nbsp; 1155 | 1091070 |
| 3.65%, 06/15/46 | &nbsp;&nbsp; 3334 | 2595783 |
| 3.70%, 08/15/28 | &nbsp;&nbsp; 3895 | 3889896 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 1820 | 1450013 |
| 3.80%, 10/01/42 | &nbsp;&nbsp; 1074 | 884689 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 3680 | 2986797 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 1981 | 1591363 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.35%, 11/15/45 | &nbsp;&nbsp; $2371 | $2058468 |
| 4.60%, 08/15/43 | &nbsp;&nbsp; 1335 | 1212809 |
| 4.70%, 01/15/44 | &nbsp;&nbsp; 1915 | 1751227 |
| 4.90%, 02/01/33 | &nbsp;&nbsp; 1305 | 1342887 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 1475 | 1551674 |
| 5.30%, 02/01/53 | &nbsp;&nbsp; 2150 | 2060706 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 1475 | 1486467 |
| 5.90%, 03/15/36 | &nbsp;&nbsp; 2844 | 3098317 |
| 5.95%, 06/01/55 | &nbsp;&nbsp; 3000 | 3133075 |
| 6.45%, 01/15/38 | &nbsp;&nbsp; 2082 | 2354280 |
| Series 122, 2.95%, 08/15/27 | &nbsp;&nbsp; 2912 | 2881216 |
| Series 123, 3.75%, 08/15/47 | &nbsp;&nbsp; 3100 | 2414275 |
| Series 127, 3.20%, 11/15/49 | &nbsp;&nbsp; 1658 | 1141407 |
| Series 130, 3.13%, 03/15/51 | &nbsp;&nbsp; 3150 | 2122867 |
| Series 131, 2.75%, 09/01/51 | &nbsp;&nbsp; 2130 | 1319488 |
| Series 133, 3.85%, 03/15/52 | &nbsp;&nbsp; 1870 | 1422890 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 3721 | 3022029 |
| 4.30%, 04/15/44 | &nbsp;&nbsp; 2460 | 2146060 |
| 4.65%, 01/01/29 | &nbsp;&nbsp; 1575 | 1608609 |
| 4.90%, 07/01/33 | &nbsp;&nbsp; 1375 | 1405006 |
| 4.95%, 01/15/30 | &nbsp;&nbsp; 2100 | 2169556 |
| 4.95%, 08/15/34 | &nbsp;&nbsp; 1380 | 1406746 |
| 5.25%, 01/15/53 | &nbsp;&nbsp; 2480 | 2381104 |
| Series A, 2.05%, 07/01/31 | &nbsp;&nbsp; 2130 | 1914089 |
| Series A, 3.20%, 03/15/27 | &nbsp;&nbsp; 2988 | 2973564 |
| Series A, 4.15%, 06/01/45 | &nbsp;&nbsp; 2245 | 1907196 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 2.40%, 06/15/31 | &nbsp;&nbsp; 4055 | 3737650 |
| 3.20%, 12/01/51 | &nbsp;&nbsp; 2240 | 1512768 |
| 3.60%, 06/15/61 | &nbsp;&nbsp; 3698 | 2574828 |
| 3.70%, 11/15/59 | &nbsp;&nbsp; 3088 | 2188673 |
| 3.80%, 05/15/28 | &nbsp;&nbsp; 3471 | 3472033 |
| 3.85%, 06/15/46 | &nbsp;&nbsp; 4429 | 3527623 |
| 3.95%, 03/01/43 | &nbsp;&nbsp; 3511 | 2960546 |
| 4.45%, 03/15/44 | &nbsp;&nbsp; 3958 | 3497924 |
| 4.50%, 12/01/45 | &nbsp;&nbsp; 3827 | 3366932 |
| 4.50%, 05/15/58 | &nbsp;&nbsp; 3214 | 2662532 |
| 4.63%, 12/01/54 | &nbsp;&nbsp; 3327 | 2853571 |
| 5.20%, 03/01/33 | &nbsp;&nbsp; 2140 | 2243312 |
| 5.38%, 05/15/34 | &nbsp;&nbsp; 2350 | 2470570 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 2921 | 3096925 |
| 5.70%, 06/15/40 | &nbsp;&nbsp; 2177 | 2295912 |
| 5.70%, 05/15/54 | &nbsp;&nbsp; 3730 | 3778056 |
| 5.75%, 11/15/55 | &nbsp;&nbsp; 2555 | 2600070 |
| 5.90%, 11/15/53 | &nbsp;&nbsp; 4240 | 4385012 |
| 6.15%, 11/15/52 | &nbsp;&nbsp; 4010 | 4269472 |
| Series 05-A, 5.30%, 03/01/35 | &nbsp;&nbsp; 1230 | 1282124 |
| Series 06-A, 5.85%, 03/15/36 | &nbsp;&nbsp; 2737 | 2967234 |
| Series 06-B, 6.20%, 06/15/36 | &nbsp;&nbsp; 1172 | 1296546 |
| Series 07-A, 6.30%, 08/15/37 | &nbsp;&nbsp; 1583 | 1771869 |
| Series 08-B, 6.75%, 04/01/38 | &nbsp;&nbsp; 2063 | 2385874 |
| Series 09-C, 5.50%, 12/01/39 | &nbsp;&nbsp; 2891 | 3005850 |
| Series 12-A, 4.20%, 03/15/42 | &nbsp;&nbsp; 2033 | 1771277 |
| Series 2017, 3.88%, 06/15/47 | &nbsp;&nbsp; 3307 | 2614268 |
| Series 20A, 3.35%, 04/01/30 | &nbsp;&nbsp; 4004 | 3907523 |
| Series 20B, 3.95%, 04/01/50 | &nbsp;&nbsp; 4874 | 3862698 |
| Series A, 4.13%, 05/15/49 | &nbsp;&nbsp; 3627 | 2918639 |
| Series B, 3.13%, 11/15/27 | &nbsp;&nbsp; 1383 | 1369971 |
| Series C, 3.00%, 12/01/60 | &nbsp;&nbsp; 2428 | 1448738 |
| Series C, 4.00%, 11/15/57 | &nbsp;&nbsp; 1505 | 1137119 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series C, 4.30%, 12/01/56 | &nbsp;&nbsp; $2359 | $1904256 |
| Series D, 4.00%, 12/01/28<sup>(c)</sup> | &nbsp;&nbsp; 3367 | 3389036 |
| Series E, 4.65%, 12/01/48 | &nbsp;&nbsp; 4074 | 3578757 |
| Constellation Energy Generation LLC |  |  |
| 3.75%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 160 | 155566 |
| 3.90%, 01/08/28 | &nbsp;&nbsp; 4615 | 4616300 |
| 4.40%, 01/15/31 | &nbsp;&nbsp; 1710 | 1721082 |
| 5.00%, 02/01/31<sup>(b)</sup> | &nbsp;&nbsp; 350 | 355331 |
| 5.60%, 03/01/28 | &nbsp;&nbsp; 4145 | 4274273 |
| 5.60%, 06/15/42 | &nbsp;&nbsp; 4023 | 4086028 |
| 5.75%, 10/01/41 | &nbsp;&nbsp; 2421 | 2504384 |
| 5.75%, 03/15/54 | &nbsp;&nbsp; 4595 | 4619631 |
| 5.80%, 03/01/33 | &nbsp;&nbsp; 2600 | 2789055 |
| 5.88%, 01/15/66 | &nbsp;&nbsp; 2380 | 2377386 |
| 6.13%, 01/15/34 | &nbsp;&nbsp; 2200 | 2405909 |
| 6.25%, 10/01/39 | &nbsp;&nbsp; 3392 | 3716141 |
| 6.50%, 10/01/53 | &nbsp;&nbsp; 4615 | 5077415 |
| Consumers Energy Co. |  |  |
| 2.65%, 08/15/52 | &nbsp;&nbsp; 1357 | 851911 |
| 3.10%, 08/15/50 | &nbsp;&nbsp; 3195 | 2196097 |
| 3.25%, 08/15/46 | &nbsp;&nbsp; 2508 | 1847157 |
| 3.50%, 08/01/51 | &nbsp;&nbsp; 3056 | 2256572 |
| 3.60%, 08/15/32 | &nbsp;&nbsp; 1490 | 1435063 |
| 3.75%, 02/15/50 | &nbsp;&nbsp; 1921 | 1469802 |
| 3.80%, 11/15/28 | &nbsp;&nbsp; 1006 | 1004979 |
| 3.95%, 05/15/43 | &nbsp;&nbsp; 1591 | 1345289 |
| 3.95%, 07/15/47 | &nbsp;&nbsp; 1753 | 1421918 |
| 4.05%, 05/15/48 | &nbsp;&nbsp; 2842 | 2311124 |
| 4.20%, 09/01/52 | &nbsp;&nbsp; 2690 | 2206518 |
| 4.35%, 04/15/49 | &nbsp;&nbsp; 2781 | 2379123 |
| 4.50%, 01/15/31 | &nbsp;&nbsp; 2695 | 2750076 |
| 4.60%, 05/30/29 | &nbsp;&nbsp; 3510 | 3589341 |
| 4.63%, 05/15/33 | &nbsp;&nbsp; 4875 | 4940210 |
| 4.65%, 03/01/28 | &nbsp;&nbsp; 2815 | 2861142 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 1525 | 1565372 |
| 4.90%, 02/15/29 | &nbsp;&nbsp; 2960 | 3047490 |
| 5.05%, 05/15/35 | &nbsp;&nbsp; 1280 | 1317979 |
| Dayton Power & Light Co.(The) |  |  |
| 3.95%, 06/15/49 | &nbsp;&nbsp; 3070 | 2367231 |
| 4.55%, 08/15/30 | &nbsp;&nbsp; 2005 | 2021482 |
| Delmarva Power & Light Co., 4.15%, 05/15/45 | &nbsp;&nbsp; 2049 | 1752440 |
| Dominion Energy South Carolina, Inc. |  |  |
| 4.60%, 06/15/43 | &nbsp;&nbsp; 1915 | 1756145 |
| 5.10%, 06/01/65 | &nbsp;&nbsp; 2170 | 1982459 |
| 5.30%, 05/15/33 | &nbsp;&nbsp; 1665 | 1754609 |
| 5.45%, 02/01/41 | &nbsp;&nbsp; 1275 | 1302216 |
| 6.05%, 01/15/38 | &nbsp;&nbsp; 2385 | 2621280 |
| 6.25%, 10/15/53 | &nbsp;&nbsp; 2250 | 2449685 |
| 6.63%, 02/01/32 | &nbsp;&nbsp; 625 | 702604 |
| Series 2025, 5.30%, 01/15/35 | &nbsp;&nbsp; 2000 | 2089025 |
| Series A, 2.30%, 12/01/31 | &nbsp;&nbsp; 2470 | 2238507 |
| Dominion Energy, Inc. |  |  |
| 4.25%, 06/01/28 | &nbsp;&nbsp; 3492 | 3512575 |
| 4.35%, 08/15/32 | &nbsp;&nbsp; 1900 | 1884562 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 3085 | 3128513 |
| 4.70%, 12/01/44 | &nbsp;&nbsp; 2160 | 1924657 |
| 4.85%, 08/15/52 | &nbsp;&nbsp; 2755 | 2393019 |
| 5.00%, 06/15/30 | &nbsp;&nbsp; 2620 | 2699760 |
| 5.38%, 11/15/32 | &nbsp;&nbsp; 4180 | 4381906 |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 3570 | 3688078 |
| 6.00%, 02/15/56, (5-year CMT + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1015364 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 6.20%, 02/15/56, (5-year CMT + 2.01%)<sup>(a)</sup> | &nbsp;&nbsp; $2080 | $2114262 |
| 6.63%, 05/15/55, (5-year CMT + 2.21%)<sup>(a)</sup> | &nbsp;&nbsp; 1270 | 1319253 |
| 7.00%, 06/15/38 | &nbsp;&nbsp; 1645 | 1872833 |
| Series A, 4.60%, 03/15/49 | &nbsp;&nbsp; 1920 | 1620951 |
| Series A, 6.88%, 02/01/55, (5-year CMT + <br> 2.39%)<sup>(a)</sup><br>| &nbsp;&nbsp; 540 | 566508 |
| Series B, 3.30%, 04/15/41 | &nbsp;&nbsp; 2510 | 1927256 |
| Series B, 3.60%, 03/15/27 | &nbsp;&nbsp; 1925 | 1919910 |
| Series B, 5.95%, 06/15/35 | &nbsp;&nbsp; 2567 | 2753353 |
| Series B, 7.00%, 06/01/54, (5-year CMT + <br> 2.51%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4170 | 4527228 |
| Series C, 2.25%, 08/15/31 | &nbsp;&nbsp; 3433 | 3100224 |
| Series C, 3.38%, 04/01/30 | &nbsp;&nbsp; 6899 | 6713407 |
| Series C, 4.05%, 09/15/42 | &nbsp;&nbsp; 2065 | 1693254 |
| Series C, 4.90%, 08/01/41 | &nbsp;&nbsp; 2420 | 2259878 |
| Series E, 6.30%, 03/15/33 | &nbsp;&nbsp; 2075 | 2280759 |
| Series F, 5.25%, 08/01/33 | &nbsp;&nbsp; 2525 | 2615016 |
| DTE Electric Co. |  |  |
| 2.25%, 03/01/30 | &nbsp;&nbsp; 2767 | 2596025 |
| 2.95%, 03/01/50 | &nbsp;&nbsp; 3122 | 2100930 |
| 3.70%, 03/15/45 | &nbsp;&nbsp; 2670 | 2136477 |
| 3.70%, 06/01/46 | &nbsp;&nbsp; 2345 | 1846281 |
| 3.75%, 08/15/47 | &nbsp;&nbsp; 2457 | 1935525 |
| 3.95%, 03/01/49 | &nbsp;&nbsp; 3154 | 2545144 |
| 4.25%, 05/14/27 | &nbsp;&nbsp; 2050 | 2063603 |
| 4.30%, 07/01/44 | &nbsp;&nbsp; 1716 | 1514793 |
| 5.20%, 04/01/33 | &nbsp;&nbsp; 2795 | 2923848 |
| 5.20%, 03/01/34 | &nbsp;&nbsp; 2355 | 2462223 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 3030 | 3145350 |
| 5.40%, 04/01/53 | &nbsp;&nbsp; 2945 | 2897118 |
| 5.85%, 05/15/55 | &nbsp;&nbsp; 2920 | 3039879 |
| Series A, 1.90%, 04/01/28 | &nbsp;&nbsp; 3565 | 3435758 |
| Series A, 3.00%, 03/01/32 | &nbsp;&nbsp; 2385 | 2235969 |
| Series A, 4.00%, 04/01/43 | &nbsp;&nbsp; 1927 | 1638282 |
| Series A, 4.05%, 05/15/48 | &nbsp;&nbsp; 2486 | 2043749 |
| Series A, 4.85%, 03/01/36 | &nbsp;&nbsp; 2210 | 2224492 |
| Series B, 3.25%, 04/01/51 | &nbsp;&nbsp; 2626 | 1846427 |
| Series B, 3.65%, 03/01/52 | &nbsp;&nbsp; 2035 | 1530518 |
| Series B, 5.55%, 03/01/56 | &nbsp;&nbsp; 2345 | 2340132 |
| Series C, 2.63%, 03/01/31 | &nbsp;&nbsp; 2710 | 2537522 |
| DTE Energy Co. |  |  |
| 2.95%, 03/01/30 | &nbsp;&nbsp; 1653 | 1576210 |
| 4.88%, 06/01/28 | &nbsp;&nbsp; 4275 | 4357540 |
| 4.95%, 07/01/27 | &nbsp;&nbsp; 5865 | 5934139 |
| 5.05%, 10/01/35 | &nbsp;&nbsp; 1845 | 1861051 |
| 5.10%, 03/01/29 | &nbsp;&nbsp; 5730 | 5895497 |
| 5.20%, 04/01/30 | &nbsp;&nbsp; 4860 | 5042870 |
| 5.85%, 06/01/34 | &nbsp;&nbsp; 3665 | 3941035 |
| Series C, 3.40%, 06/15/29 | &nbsp;&nbsp; 3295 | 3229257 |
| Duke Energy Carolinas LLC |  |  |
| 2.45%, 08/15/29 | &nbsp;&nbsp; 2484 | 2368080 |
| 2.45%, 02/01/30 | &nbsp;&nbsp; 2855 | 2697958 |
| 2.55%, 04/15/31 | &nbsp;&nbsp; 2778 | 2587473 |
| 2.85%, 03/15/32 | &nbsp;&nbsp; 2490 | 2305767 |
| 3.20%, 08/15/49 | &nbsp;&nbsp; 3515 | 2467683 |
| 3.45%, 04/15/51 | &nbsp;&nbsp; 2735 | 1950989 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 2690 | 1974330 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 2392 | 1844537 |
| 3.75%, 06/01/45 | &nbsp;&nbsp; 2534 | 2027567 |
| 3.88%, 03/15/46 | &nbsp;&nbsp; 2840 | 2288201 |
| 3.95%, 11/15/28 | &nbsp;&nbsp; 3551 | 3563795 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.95%, 03/15/48 | &nbsp;&nbsp; $2225 | $1784534 |
| 4.00%, 09/30/42 | &nbsp;&nbsp; 2164 | 1846374 |
| 4.25%, 12/15/41 | &nbsp;&nbsp; 2249 | 2004857 |
| 4.85%, 03/15/30 | &nbsp;&nbsp; 1625 | 1680364 |
| 4.85%, 01/15/34 | &nbsp;&nbsp; 2605 | 2659276 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 4360 | 4519217 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 2365 | 2465369 |
| 5.30%, 02/15/40 | &nbsp;&nbsp; 3585 | 3658793 |
| 5.35%, 01/15/53 | &nbsp;&nbsp; 2405 | 2338090 |
| 5.40%, 01/15/54 | &nbsp;&nbsp; 4149 | 4071819 |
| 6.00%, 01/15/38 | &nbsp;&nbsp; 1462 | 1596732 |
| 6.05%, 04/15/38 | &nbsp;&nbsp; 2075 | 2269208 |
| 6.10%, 06/01/37 | &nbsp;&nbsp; 2450 | 2674022 |
| 6.45%, 10/15/32 | &nbsp;&nbsp; 1760 | 1964932 |
| Series A, 6.00%, 12/01/28 | &nbsp;&nbsp; 1804 | 1901749 |
| Duke Energy Carolinas Nc Storm Funding <br> II LLC<br>|  |  |
| Series A-1, 4.23%, 07/01/37 | &nbsp;&nbsp; 1000 | 1006300 |
| Series A-2, 5.07%, 01/01/48 | &nbsp;&nbsp; 1000 | 1009823 |
| Duke Energy Carolinas SC Storm <br> Funding LLC, Series A-1, 4.90%, 03/01/46<br>| &nbsp;&nbsp; 5000 | 5092767 |
| Duke Energy Corp. |  |  |
| 2.45%, 06/01/30 | &nbsp;&nbsp; 3900 | 3653754 |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 3345 | 3078400 |
| 3.15%, 08/15/27 | &nbsp;&nbsp; 4653 | 4604608 |
| 3.30%, 06/15/41 | &nbsp;&nbsp; 3758 | 2928991 |
| 3.40%, 06/15/29 | &nbsp;&nbsp; 2687 | 2641262 |
| 3.50%, 06/15/51 | &nbsp;&nbsp; 3670 | 2559039 |
| 3.75%, 09/01/46 | &nbsp;&nbsp; 6737 | 5167771 |
| 3.95%, 08/15/47 | &nbsp;&nbsp; 2420 | 1882310 |
| 4.20%, 06/15/49 | &nbsp;&nbsp; 2840 | 2257562 |
| 4.30%, 03/15/28 | &nbsp;&nbsp; 4560 | 4595352 |
| 4.50%, 08/15/32 | &nbsp;&nbsp; 5220 | 5261862 |
| 4.80%, 12/15/45 | &nbsp;&nbsp; 3044 | 2708559 |
| 4.85%, 01/05/29 | &nbsp;&nbsp; 2295 | 2351871 |
| 4.95%, 09/15/35 | &nbsp;&nbsp; 3655 | 3663470 |
| 5.00%, 12/08/27 | &nbsp;&nbsp; 2860 | 2915068 |
| 5.00%, 08/15/52 | &nbsp;&nbsp; 5155 | 4576921 |
| 5.45%, 06/15/34 | &nbsp;&nbsp; 3210 | 3368417 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 6410 | 6273663 |
| 5.75%, 09/15/33 | &nbsp;&nbsp; 2970 | 3173555 |
| 5.80%, 06/15/54 | &nbsp;&nbsp; 3030 | 3006647 |
| 6.10%, 09/15/53 | &nbsp;&nbsp; 3275 | 3384889 |
| 6.45%, 09/01/54, (5-year CMT + 2.59%)<sup>(a)</sup> | &nbsp;&nbsp; 1050 | 1106320 |
| Duke Energy Florida LLC |  |  |
| 1.75%, 06/15/30 | &nbsp;&nbsp; 2835 | 2582140 |
| 2.40%, 12/15/31 | &nbsp;&nbsp; 3275 | 2992036 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 3323 | 3164197 |
| 3.00%, 12/15/51 | &nbsp;&nbsp; 2672 | 1749041 |
| 3.40%, 10/01/46 | &nbsp;&nbsp; 3213 | 2398248 |
| 3.80%, 07/15/28 | &nbsp;&nbsp; 3220 | 3223416 |
| 3.85%, 11/15/42 | &nbsp;&nbsp; 2121 | 1763928 |
| 4.20%, 12/01/30 | &nbsp;&nbsp; 480 | 483098 |
| 4.20%, 07/15/48 | &nbsp;&nbsp; 2115 | 1743739 |
| 4.85%, 12/01/35 | &nbsp;&nbsp; 640 | 644794 |
| 5.65%, 04/01/40 | &nbsp;&nbsp; 2126 | 2234719 |
| 5.88%, 11/15/33 | &nbsp;&nbsp; 3155 | 3426197 |
| 5.95%, 11/15/52 | &nbsp;&nbsp; 2195 | 2302445 |
| 6.20%, 11/15/53 | &nbsp;&nbsp; 2660 | 2889398 |
| 6.35%, 09/15/37 | &nbsp;&nbsp; 2121 | 2369678 |
| 6.40%, 06/15/38 | &nbsp;&nbsp; 4695 | 5265529 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Duke Energy Florida Project Finance LLC |  |  |
| Series 2032, 2.86%, 03/01/33<sup>(c)</sup> | &nbsp;&nbsp; $855 | $801564 |
| Series 2035, 3.11%, 09/01/38<sup>(c)</sup> | &nbsp;&nbsp; 1485 | 1306807 |
| Duke Energy Indiana LLC |  |  |
| 2.75%, 04/01/50 | &nbsp;&nbsp; 3120 | 1976009 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 1734 | 1374556 |
| 5.25%, 03/01/34 | &nbsp;&nbsp; 1760 | 1850453 |
| 5.40%, 04/01/53 | &nbsp;&nbsp; 2220 | 2148799 |
| 5.90%, 05/15/55 | &nbsp;&nbsp; 1375 | 1419386 |
| 6.12%, 10/15/35 | &nbsp;&nbsp; 1419 | 1553646 |
| 6.35%, 08/15/38 | &nbsp;&nbsp; 1583 | 1771713 |
| 6.45%, 04/01/39 | &nbsp;&nbsp; 2163 | 2423450 |
| Series WWW, 4.90%, 07/15/43 | &nbsp;&nbsp; 1539 | 1465403 |
| Series YYY, 3.25%, 10/01/49 | &nbsp;&nbsp; 2740 | 1925162 |
| Duke Energy Ohio, Inc. |  |  |
| 2.13%, 06/01/30 | &nbsp;&nbsp; 2278 | 2109134 |
| 3.65%, 02/01/29 | &nbsp;&nbsp; 2261 | 2251781 |
| 3.70%, 06/15/46 | &nbsp;&nbsp; 1942 | 1506551 |
| 4.30%, 02/01/49 | &nbsp;&nbsp; 2057 | 1721517 |
| 5.25%, 04/01/33 | &nbsp;&nbsp; 2100 | 2195017 |
| 5.30%, 06/15/35 | &nbsp;&nbsp; 1510 | 1572806 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 2050 | 2035763 |
| 5.65%, 04/01/53 | &nbsp;&nbsp; 1565 | 1575347 |
| Duke Energy Progress LLC |  |  |
| 2.00%, 08/15/31 | &nbsp;&nbsp; 3325 | 2989902 |
| 2.50%, 08/15/50 | &nbsp;&nbsp; 3330 | 1995677 |
| 2.90%, 08/15/51 | &nbsp;&nbsp; 2289 | 1464565 |
| 3.40%, 04/01/32 | &nbsp;&nbsp; 2580 | 2469539 |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 3132 | 3096584 |
| 3.60%, 09/15/47 | &nbsp;&nbsp; 2766 | 2108999 |
| 3.70%, 09/01/28 | &nbsp;&nbsp; 3016 | 3012343 |
| 3.70%, 10/15/46 | &nbsp;&nbsp; 2624 | 2047739 |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 1570 | 1237106 |
| 4.10%, 05/15/42 | &nbsp;&nbsp; 1560 | 1351044 |
| 4.10%, 03/15/43 | &nbsp;&nbsp; 1849 | 1595031 |
| 4.15%, 12/01/44 | &nbsp;&nbsp; 2699 | 2300461 |
| 4.20%, 08/15/45 | &nbsp;&nbsp; 2174 | 1841105 |
| 4.35%, 03/06/27 | &nbsp;&nbsp; 630 | 634061 |
| 4.38%, 03/30/44 | &nbsp;&nbsp; 2217 | 1953759 |
| 5.05%, 03/15/35 | &nbsp;&nbsp; 3055 | 3134984 |
| 5.10%, 03/15/34 | &nbsp;&nbsp; 2700 | 2809567 |
| 5.25%, 03/15/33 | &nbsp;&nbsp; 2415 | 2530562 |
| 5.35%, 03/15/53 | &nbsp;&nbsp; 2445 | 2359803 |
| 5.55%, 03/15/55 | &nbsp;&nbsp; 2435 | 2433994 |
| 6.30%, 04/01/38 | &nbsp;&nbsp; 1770 | 1966936 |
| Edison International |  |  |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 3935 | 3914834 |
| 4.80%, 03/15/31 | &nbsp;&nbsp; 2200 | 2198863 |
| 5.25%, 11/15/28 | &nbsp;&nbsp; 3105 | 3163580 |
| 5.25%, 03/15/32 | &nbsp;&nbsp; 1730 | 1761682 |
| 5.45%, 06/15/29 | &nbsp;&nbsp; 2965 | 3044336 |
| 5.75%, 06/15/27 | &nbsp;&nbsp; 3198 | 3246406 |
| 6.25%, 03/15/30 | &nbsp;&nbsp; 590 | 623345 |
| 6.95%, 11/15/29 | &nbsp;&nbsp; 2805 | 3017675 |
| El Paso Electric Co. |  |  |
| 5.00%, 12/01/44 | &nbsp;&nbsp; 1391 | 1267573 |
| 6.00%, 05/15/35 | &nbsp;&nbsp; 979 | 1035548 |
| Emera U.S. Finance LP |  |  |
| 2.64%, 06/15/31 | &nbsp;&nbsp; 2410 | 2208439 |
| 4.75%, 06/15/46 | &nbsp;&nbsp; 6921 | 5980371 |
| Enel Chile SA, 4.88%, 06/12/28 | &nbsp;&nbsp; 4542 | 4612291 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Entergy Arkansas LLC |  |  |
| 2.65%, 06/15/51 | &nbsp;&nbsp; $3173 | $1917482 |
| 3.35%, 06/15/52 | &nbsp;&nbsp; 2190 | 1518297 |
| 4.00%, 06/01/28 | &nbsp;&nbsp; 1940 | 1947979 |
| 4.20%, 04/01/49 | &nbsp;&nbsp; 2874 | 2348826 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 1820 | 1837105 |
| 5.15%, 01/15/33 | &nbsp;&nbsp; 2165 | 2254178 |
| 5.30%, 09/15/33 | &nbsp;&nbsp; 1465 | 1536223 |
| 5.45%, 06/01/34 | &nbsp;&nbsp; 2600 | 2750628 |
| 5.75%, 06/01/54 | &nbsp;&nbsp; 1635 | 1655625 |
| 5.75%, 01/15/56 | &nbsp;&nbsp; 1760 | 1776789 |
| Entergy Corp. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 2990 | 2856906 |
| 2.40%, 06/15/31 | &nbsp;&nbsp; 3360 | 3049556 |
| 2.80%, 06/15/30 | &nbsp;&nbsp; 3032 | 2865940 |
| 3.75%, 06/15/50 | &nbsp;&nbsp; 2844 | 2101252 |
| 5.88%, 06/15/56, (5-year CMT + 2.18%)<sup>(a)</sup> | &nbsp;&nbsp; 1260 | 1267454 |
| 6.10%, 06/15/56, (5-year CMT + 2.01%)<sup>(a)</sup> | &nbsp;&nbsp; 1460 | 1472533 |
| 7.13%, 12/01/54, (5-year CMT + 2.67%)<sup>(a)</sup> | &nbsp;&nbsp; 1630 | 1706102 |
| Entergy Louisiana LLC |  |  |
| 1.60%, 12/15/30 | &nbsp;&nbsp; 1713 | 1528385 |
| 2.35%, 06/15/32 | &nbsp;&nbsp; 1990 | 1780573 |
| 2.90%, 03/15/51 | &nbsp;&nbsp; 3480 | 2221893 |
| 3.05%, 06/01/31 | &nbsp;&nbsp; 1925 | 1823687 |
| 3.10%, 06/15/41 | &nbsp;&nbsp; 1241 | 959914 |
| 3.12%, 09/01/27 | &nbsp;&nbsp; 2345 | 2326134 |
| 3.25%, 04/01/28 | &nbsp;&nbsp; 2589 | 2564419 |
| 4.00%, 03/15/33 | &nbsp;&nbsp; 3542 | 3445428 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 4281 | 3495850 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 2801 | 2265541 |
| 4.75%, 09/15/52 | &nbsp;&nbsp; 2420 | 2135555 |
| 4.90%, 04/15/36 | &nbsp;&nbsp; 2290 | 2294110 |
| 4.95%, 01/15/45 | &nbsp;&nbsp; 2815 | 2624723 |
| 5.15%, 09/15/34 | &nbsp;&nbsp; 3460 | 3575013 |
| 5.35%, 03/15/34 | &nbsp;&nbsp; 2070 | 2177489 |
| 5.65%, 04/15/56<sup>(c)</sup> | &nbsp;&nbsp; 2295 | 2276773 |
| 5.70%, 03/15/54 | &nbsp;&nbsp; 3285 | 3294063 |
| 5.80%, 03/15/55 | &nbsp;&nbsp; 2735 | 2777950 |
| Entergy Mississippi LLC |  |  |
| 2.85%, 06/01/28 | &nbsp;&nbsp; 2463 | 2412196 |
| 3.50%, 06/01/51 | &nbsp;&nbsp; 2445 | 1756304 |
| 3.85%, 06/01/49 | &nbsp;&nbsp; 2474 | 1924020 |
| 5.00%, 09/01/33 | &nbsp;&nbsp; 1280 | 1317105 |
| 5.80%, 04/15/55 | &nbsp;&nbsp; 2050 | 2083299 |
| 5.85%, 06/01/54 | &nbsp;&nbsp; 1810 | 1824971 |
| Entergy Texas, Inc. |  |  |
| 1.75%, 03/15/31 | &nbsp;&nbsp; 2930 | 2612506 |
| 3.55%, 09/30/49 | &nbsp;&nbsp; 2615 | 1899172 |
| 4.00%, 03/30/29 | &nbsp;&nbsp; 1832 | 1836725 |
| 4.50%, 03/30/39 | &nbsp;&nbsp; 965 | 910759 |
| 5.00%, 09/15/52 | &nbsp;&nbsp; 2200 | 1978364 |
| 5.25%, 04/15/35 | &nbsp;&nbsp; 2125 | 2201171 |
| 5.55%, 09/15/54 | &nbsp;&nbsp; 1985 | 1937270 |
| 5.80%, 09/01/53 | &nbsp;&nbsp; 1780 | 1814353 |
| Evergy Kansas Central, Inc. |  |  |
| 3.10%, 04/01/27 | &nbsp;&nbsp; 2505 | 2485849 |
| 3.25%, 09/01/49 | &nbsp;&nbsp; 2003 | 1391845 |
| 3.45%, 04/15/50 | &nbsp;&nbsp; 2105 | 1527275 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 2330 | 2000003 |
| 4.13%, 03/01/42 | &nbsp;&nbsp; 2692 | 2335521 |
| 4.25%, 12/01/45 | &nbsp;&nbsp; 1959 | 1659440 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.70%, 03/13/28 | &nbsp;&nbsp; $1340 | $1359303 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 2090 | 2145080 |
| 5.70%, 03/15/53 | &nbsp;&nbsp; 1935 | 1952950 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 1368 | 1479914 |
| Evergy Metro, Inc. |  |  |
| 4.20%, 06/15/47 | &nbsp;&nbsp; 1990 | 1651267 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 1694 | 1396294 |
| 4.95%, 04/15/33 | &nbsp;&nbsp; 1390 | 1428505 |
| 5.13%, 08/15/35 | &nbsp;&nbsp; 1320 | 1341170 |
| 5.30%, 10/01/41 | &nbsp;&nbsp; 2011 | 2029706 |
| 5.40%, 04/01/34 | &nbsp;&nbsp; 1545 | 1631957 |
| Series 2019, 4.13%, 04/01/49 | &nbsp;&nbsp; 1843 | 1509835 |
| Series 2020, 2.25%, 06/01/30 | &nbsp;&nbsp; 2563 | 2388676 |
| Evergy, Inc. |  |  |
| 2.90%, 09/15/29 | &nbsp;&nbsp; 5252 | 5047294 |
| 6.65%, 06/01/55, (5-year CMT + 2.56%)<sup>(a)</sup> | &nbsp;&nbsp; 870 | 896967 |
| Eversource Energy |  |  |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 1690 | 1550595 |
| 2.90%, 03/01/27 | &nbsp;&nbsp; 1300 | 1286468 |
| 3.38%, 03/01/32 | &nbsp;&nbsp; 2936 | 2752300 |
| 3.45%, 01/15/50 | &nbsp;&nbsp; 3335 | 2371133 |
| 4.45%, 12/15/30 | &nbsp;&nbsp; 1765 | 1776500 |
| 4.60%, 07/01/27 | &nbsp;&nbsp; 4043 | 4071823 |
| 5.13%, 05/15/33 | &nbsp;&nbsp; 3960 | 4046268 |
| 5.45%, 03/01/28 | &nbsp;&nbsp; 5920 | 6075819 |
| 5.50%, 01/01/34 | &nbsp;&nbsp; 3010 | 3123527 |
| 5.85%, 04/15/31 | &nbsp;&nbsp; 4165 | 4429421 |
| 5.95%, 02/01/29 | &nbsp;&nbsp; 3965 | 4159669 |
| 5.95%, 07/15/34 | &nbsp;&nbsp; 3085 | 3296027 |
| Series A, 6.10%, 08/15/56, (5-year CMT + <br> 2.52%)<sup>(a)</sup><br>| &nbsp;&nbsp; 150 | 150712 |
| Series M, 3.30%, 01/15/28 | &nbsp;&nbsp; 2106 | 2078771 |
| Series O, 4.25%, 04/01/29 | &nbsp;&nbsp; 2866 | 2876603 |
| Series R, 1.65%, 08/15/30 | &nbsp;&nbsp; 3101 | 2770397 |
| Exelon Corp. |  |  |
| 2.75%, 03/15/27 | &nbsp;&nbsp; 3316 | 3277009 |
| 3.35%, 03/15/32 | &nbsp;&nbsp; 1685 | 1592915 |
| 4.05%, 04/15/30 | &nbsp;&nbsp; 6375 | 6356815 |
| 4.10%, 03/15/52 | &nbsp;&nbsp; 3055 | 2385522 |
| 4.45%, 04/15/46 | &nbsp;&nbsp; 3213 | 2726951 |
| 4.70%, 04/15/50 | &nbsp;&nbsp; 3047 | 2626556 |
| 4.95%, 06/15/35 | &nbsp;&nbsp; 2324 | 2327665 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 4650 | 4623406 |
| 5.10%, 06/15/45 | &nbsp;&nbsp; 3025 | 2818870 |
| 5.13%, 03/15/31 | &nbsp;&nbsp; 2465 | 2568552 |
| 5.15%, 03/15/28 | &nbsp;&nbsp; 4180 | 4276614 |
| 5.15%, 03/15/29 | &nbsp;&nbsp; 2815 | 2908030 |
| 5.30%, 03/15/33 | &nbsp;&nbsp; 3865 | 4043829 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 3510 | 3685861 |
| 5.60%, 03/15/53 | &nbsp;&nbsp; 4745 | 4613667 |
| 5.63%, 06/15/35 | &nbsp;&nbsp; 3069 | 3237844 |
| 5.88%, 03/15/55 | &nbsp;&nbsp; 2285 | 2294240 |
| 6.50%, 03/15/55, (5-year CMT + 1.98%)<sup>(a)</sup> | &nbsp;&nbsp; 630 | 660507 |
| FirstEnergy Corp. |  |  |
| 2.65%, 03/01/30 | &nbsp;&nbsp; 4130 | 3901444 |
| Series B, 2.25%, 09/01/30 | &nbsp;&nbsp; 1830 | 1680526 |
| Series B, 3.90%, 07/15/27 | &nbsp;&nbsp; 4665 | 4674909 |
| Series C, 3.40%, 03/01/50 | &nbsp;&nbsp; 3680 | 2576171 |
| Series C, 4.85%, 07/15/47 | &nbsp;&nbsp; 4050 | 3607405 |
| FirstEnergy Transmission LLC |  |  |
| 4.55%, 01/15/30 | &nbsp;&nbsp; 1735 | 1760104 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.75%, 01/15/33 | &nbsp;&nbsp; $1780 | $1792972 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 1745 | 1767986 |
| Florida Power & Light Co. |  |  |
| 2.45%, 02/03/32 | &nbsp;&nbsp; 6333 | 5781499 |
| 2.88%, 12/04/51 | &nbsp;&nbsp; 5442 | 3528057 |
| 3.15%, 10/01/49 | &nbsp;&nbsp; 3819 | 2681007 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 3837 | 2984004 |
| 3.80%, 12/15/42 | &nbsp;&nbsp; 2306 | 1924917 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 4752 | 3846886 |
| 3.99%, 03/01/49 | &nbsp;&nbsp; 2705 | 2184138 |
| 4.05%, 06/01/42 | &nbsp;&nbsp; 3210 | 2804584 |
| 4.05%, 10/01/44 | &nbsp;&nbsp; 2788 | 2370282 |
| 4.13%, 02/01/42 | &nbsp;&nbsp; 3093 | 2732850 |
| 4.13%, 06/01/48 | &nbsp;&nbsp; 2591 | 2148742 |
| 4.40%, 05/15/28 | &nbsp;&nbsp; 3665 | 3712229 |
| 4.63%, 05/15/30 | &nbsp;&nbsp; 4120 | 4223974 |
| 4.70%, 02/15/36 | &nbsp;&nbsp; 2890 | 2898218 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 3295 | 3380526 |
| 4.95%, 06/01/35 | &nbsp;&nbsp; 1814 | 1856759 |
| 5.00%, 08/01/34 | &nbsp;&nbsp; 1470 | 1516430 |
| 5.05%, 04/01/28 | &nbsp;&nbsp; 6470 | 6632543 |
| 5.10%, 04/01/33 | &nbsp;&nbsp; 3720 | 3870590 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 5121 | 5328935 |
| 5.25%, 02/01/41 | &nbsp;&nbsp; 2139 | 2167648 |
| 5.30%, 06/15/34 | &nbsp;&nbsp; 4840 | 5102099 |
| 5.30%, 04/01/53 | &nbsp;&nbsp; 3695 | 3605667 |
| 5.60%, 06/15/54 | &nbsp;&nbsp; 3860 | 3928614 |
| 5.60%, 02/15/66 | &nbsp;&nbsp; 4025 | 4000020 |
| 5.63%, 04/01/34 | &nbsp;&nbsp; 2315 | 2496495 |
| 5.65%, 02/01/37 | &nbsp;&nbsp; 1645 | 1776245 |
| 5.69%, 03/01/40 | &nbsp;&nbsp; 2668 | 2816781 |
| 5.70%, 03/15/55 | &nbsp;&nbsp; 3740 | 3851234 |
| 5.80%, 03/15/65 | &nbsp;&nbsp; 1753 | 1802445 |
| 5.95%, 02/01/38 | &nbsp;&nbsp; 2533 | 2783075 |
| 5.96%, 04/01/39 | &nbsp;&nbsp; 1910 | 2086134 |
| Series A, 3.30%, 05/30/27 | &nbsp;&nbsp; 3856 | 3837828 |
| Georgia Power Co. |  |  |
| 3.25%, 03/30/27 | &nbsp;&nbsp; 3140 | 3123520 |
| 4.00%, 10/01/28 | &nbsp;&nbsp; 2240 | 2251974 |
| 4.30%, 03/15/42 | &nbsp;&nbsp; 4978 | 4467028 |
| 4.30%, 03/15/43 | &nbsp;&nbsp; 1857 | 1644109 |
| 4.55%, 03/15/30 | &nbsp;&nbsp; 3165 | 3227600 |
| 4.65%, 05/16/28 | &nbsp;&nbsp; 4410 | 4482387 |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 2695 | 2760052 |
| 4.85%, 03/15/31 | &nbsp;&nbsp; 4650 | 4802837 |
| 4.95%, 05/17/33 | &nbsp;&nbsp; 4820 | 4970998 |
| 5.13%, 05/15/52 | &nbsp;&nbsp; 3670 | 3464434 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 3350 | 3478422 |
| 5.25%, 03/15/34 | &nbsp;&nbsp; 4370 | 4562214 |
| 5.50%, 10/01/55<sup>(c)</sup> | &nbsp;&nbsp; 3165 | 3125312 |
| Series 10-C, 4.75%, 09/01/40 | &nbsp;&nbsp; 2604 | 2509920 |
| Series A, 3.25%, 03/15/51 | &nbsp;&nbsp; 3630 | 2528767 |
| Series B, 2.65%, 09/15/29 | &nbsp;&nbsp; 3597 | 3447555 |
| Series B, 3.70%, 01/30/50 | &nbsp;&nbsp; 2593 | 1974846 |
| Iberdrola International BV, 6.75%, 07/15/36 | &nbsp;&nbsp; 1732 | 2009651 |
| Idaho Power Co. |  |  |
| 4.85%, 03/01/36 | &nbsp;&nbsp; 1550 | 1551448 |
| 5.20%, 08/15/34 | &nbsp;&nbsp; 1460 | 1521717 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 1930 | 1912818 |
| 5.70%, 03/15/55 | &nbsp;&nbsp; 2155 | 2178846 |
| 5.80%, 04/01/54 | &nbsp;&nbsp; 1300 | 1342162 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series K, 4.20%, 03/01/48 | &nbsp;&nbsp; $2481 | $2071073 |
| Indiana Michigan Power Co. |  |  |
| 3.25%, 05/01/51 | &nbsp;&nbsp; 2280 | 1550365 |
| 3.85%, 05/15/28 | &nbsp;&nbsp; 2109 | 2109092 |
| 4.25%, 08/15/48 | &nbsp;&nbsp; 1875 | 1549042 |
| 5.60%, 03/15/56 | &nbsp;&nbsp; 4300 | 4284883 |
| 5.63%, 04/01/53 | &nbsp;&nbsp; 2110 | 2118937 |
| 6.05%, 03/15/37 | &nbsp;&nbsp; 695 | 762935 |
| Series K, 4.55%, 03/15/46 | &nbsp;&nbsp; 1903 | 1676756 |
| Series L, 3.75%, 07/01/47 | &nbsp;&nbsp; 1818 | 1406288 |
| Interstate Power and Light Co. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 1662 | 1550806 |
| 3.10%, 11/30/51 | &nbsp;&nbsp; 1745 | 1152827 |
| 3.50%, 09/30/49 | &nbsp;&nbsp; 1699 | 1247090 |
| 3.60%, 04/01/29 | &nbsp;&nbsp; 2527 | 2503691 |
| 3.70%, 09/15/46 | &nbsp;&nbsp; 2218 | 1707377 |
| 4.10%, 09/26/28 | &nbsp;&nbsp; 3596 | 3608877 |
| 4.95%, 09/30/34 | &nbsp;&nbsp; 1085 | 1096320 |
| 5.45%, 09/30/54 | &nbsp;&nbsp; 1625 | 1564427 |
| 5.60%, 06/29/35 | &nbsp;&nbsp; 2575 | 2710493 |
| 5.60%, 10/01/55 | &nbsp;&nbsp; 2590 | 2544806 |
| 5.70%, 10/15/33 | &nbsp;&nbsp; 1570 | 1669883 |
| 6.25%, 07/15/39 | &nbsp;&nbsp; 1220 | 1334698 |
| IPALCO Enterprises, Inc. |  |  |
| 4.25%, 05/01/30 | &nbsp;&nbsp; 2775 | 2745769 |
| 5.75%, 04/01/34 | &nbsp;&nbsp; 1790 | 1846043 |
| ITC Holdings Corp. |  |  |
| 3.35%, 11/15/27 | &nbsp;&nbsp; 2005 | 1984478 |
| 5.30%, 07/01/43 | &nbsp;&nbsp; 1906 | 1841222 |
| Jersey Central Power & Light Co. |  |  |
| 4.15%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2410 | 2415571 |
| 4.40%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 2520 | 2534436 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 1500 | 1540811 |
| 5.15%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 2180 | 2234665 |
| John Sevier Combined Cycle Generation LLC, <br> 4.63%, 01/15/42<br>| &nbsp;&nbsp; 563 | 559324 |
| Johnsonville Aeroderivative Combustion <br> Turbine Generation LLC, 5.08%, 10/01/54<br>| &nbsp;&nbsp; 1165 | 1136699 |
| Kentucky Utilities Co. |  |  |
| 3.30%, 06/01/50 | &nbsp;&nbsp; 2760 | 1923409 |
| 4.38%, 10/01/45 | &nbsp;&nbsp; 2796 | 2413943 |
| 5.13%, 11/01/40 | &nbsp;&nbsp; 3714 | 3688643 |
| 5.45%, 04/15/33 | &nbsp;&nbsp; 1790 | 1893860 |
| 5.85%, 08/15/55 | &nbsp;&nbsp; 1790 | 1843170 |
| Louisville Gas and Electric Co. |  |  |
| 4.25%, 04/01/49 | &nbsp;&nbsp; 2165 | 1794937 |
| 5.45%, 04/15/33 | &nbsp;&nbsp; 1900 | 2006914 |
| 5.85%, 08/15/55 | &nbsp;&nbsp; 2520 | 2584620 |
| MidAmerican Energy Co. |  |  |
| 2.70%, 08/01/52 | &nbsp;&nbsp; 3030 | 1916376 |
| 3.10%, 05/01/27 | &nbsp;&nbsp; 3810 | 3788226 |
| 3.15%, 04/15/50 | &nbsp;&nbsp; 3382 | 2338551 |
| 3.65%, 04/15/29 | &nbsp;&nbsp; 5410 | 5383838 |
| 3.65%, 08/01/48 | &nbsp;&nbsp; 3783 | 2895790 |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 2578 | 2096147 |
| 4.25%, 05/01/46 | &nbsp;&nbsp; 1715 | 1468631 |
| 4.25%, 07/15/49 | &nbsp;&nbsp; 4549 | 3812021 |
| 4.40%, 10/15/44 | &nbsp;&nbsp; 2372 | 2087811 |
| 4.80%, 09/15/43 | &nbsp;&nbsp; 2162 | 2015401 |
| 5.30%, 02/01/55 | &nbsp;&nbsp; 2560 | 2480417 |
| 5.35%, 01/15/34 | &nbsp;&nbsp; 2025 | 2130392 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.50%, 11/15/56 | &nbsp;&nbsp; $1380 | $1373871 |
| 5.75%, 11/01/35 | &nbsp;&nbsp; 1050 | 1134829 |
| 5.80%, 10/15/36 | &nbsp;&nbsp; 1544 | 1677360 |
| 5.85%, 09/15/54 | &nbsp;&nbsp; 3145 | 3278550 |
| 6.75%, 12/30/31 | &nbsp;&nbsp; 1715 | 1945025 |
| Mississippi Power Co. |  |  |
| 3.95%, 03/30/28 | &nbsp;&nbsp; 2265 | 2269104 |
| Series 12-A, 4.25%, 03/15/42 | &nbsp;&nbsp; 2011 | 1766575 |
| Series B, 3.10%, 07/30/51 | &nbsp;&nbsp; 1518 | 1028889 |
| National Grid PLC |  |  |
| 5.42%, 01/11/34 | &nbsp;&nbsp; 3180 | 3320699 |
| 5.60%, 06/12/28 | &nbsp;&nbsp; 2080 | 2151283 |
| 5.81%, 06/12/33 | &nbsp;&nbsp; 2577 | 2754027 |
| National Grid USA, 5.80%, 04/01/35 | &nbsp;&nbsp; 1342 | 1425373 |
| National Rural Utilities Cooperative <br> Finance Corp.<br>|  |  |
| 1.35%, 03/15/31 | &nbsp;&nbsp; 2249 | 1964936 |
| 1.65%, 06/15/31 | &nbsp;&nbsp; 1855 | 1631793 |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 2635 | 2477089 |
| 2.75%, 04/15/32 | &nbsp;&nbsp; 2270 | 2085095 |
| 3.05%, 04/25/27<sup>(c)</sup> | &nbsp;&nbsp; 2761 | 2739049 |
| 3.40%, 02/07/28 | &nbsp;&nbsp; 3470 | 3445953 |
| 3.70%, 03/15/29 | &nbsp;&nbsp; 1710 | 1700476 |
| 3.90%, 11/01/28 | &nbsp;&nbsp; 2153 | 2154373 |
| 3.95%, 12/10/27 | &nbsp;&nbsp; 2025 | 2031486 |
| 4.02%, 11/01/32 | &nbsp;&nbsp; 2019 | 1992927 |
| 4.12%, 09/16/27 | &nbsp;&nbsp; 2170 | 2179517 |
| 4.15%, 12/15/32 | &nbsp;&nbsp; 1800 | 1778288 |
| 4.30%, 12/10/30 | &nbsp;&nbsp; 1770 | 1784822 |
| 4.30%, 03/15/49 | &nbsp;&nbsp; 2649 | 2262504 |
| 4.40%, 11/01/48 | &nbsp;&nbsp; 3710 | 3197488 |
| 4.75%, 02/07/28 | &nbsp;&nbsp; 1045 | 1062802 |
| 4.80%, 03/15/28 | &nbsp;&nbsp; 3730 | 3800465 |
| 4.85%, 02/07/29 | &nbsp;&nbsp; 2140 | 2196629 |
| 4.95%, 02/07/30 | &nbsp;&nbsp; 1145 | 1185275 |
| 5.00%, 02/07/31 | &nbsp;&nbsp; 2055 | 2134605 |
| 5.00%, 08/15/34 | &nbsp;&nbsp; 1750 | 1806149 |
| 5.05%, 09/15/28 | &nbsp;&nbsp; 2184 | 2242143 |
| 5.10%, 05/06/27 | &nbsp;&nbsp; 2295 | 2326400 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 2500 | 2592321 |
| 5.80%, 01/15/33 | &nbsp;&nbsp; 2890 | 3127407 |
| 7.13%, 09/15/53, (5-year CMT + 3.53%)<sup>(a)</sup> | &nbsp;&nbsp; 2160 | 2265781 |
| Series C, 8.00%, 03/01/32 | &nbsp;&nbsp; 2028 | 2434452 |
| Series D, 4.05%, 02/09/29 | &nbsp;&nbsp; 2815 | 2828485 |
| Series D, 4.15%, 08/25/28 | &nbsp;&nbsp; 2470 | 2487041 |
| Nevada Power Co. |  |  |
| 5.90%, 05/01/53 | &nbsp;&nbsp; 1375 | 1417396 |
| 6.00%, 03/15/54 | &nbsp;&nbsp; 2375 | 2456753 |
| 6.25%, 05/15/55, (5-year CMT + 1.94%)<sup>(a)</sup> | &nbsp;&nbsp; 290 | 293771 |
| Series CC, 3.70%, 05/01/29 | &nbsp;&nbsp; 3219 | 3195641 |
| Series DD, 2.40%, 05/01/30 | &nbsp;&nbsp; 2080 | 1944685 |
| Series EE, 3.13%, 08/01/50 | &nbsp;&nbsp; 1825 | 1225442 |
| Series N, 6.65%, 04/01/36 | &nbsp;&nbsp; 1765 | 2008702 |
| Series R, 6.75%, 07/01/37 | &nbsp;&nbsp; 1695 | 1944989 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 6030 | 5772036 |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 8353 | 7746065 |
| 2.44%, 01/15/32 | &nbsp;&nbsp; 4938 | 4452788 |
| 2.75%, 11/01/29 | &nbsp;&nbsp; 5185 | 4970155 |
| 3.00%, 01/15/52 | &nbsp;&nbsp; 2595 | 1670880 |
| 3.50%, 04/01/29 | &nbsp;&nbsp; 3232 | 3187038 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.55%, 05/01/27 | &nbsp;&nbsp; $8022 | $7991965 |
| 3.80%, 03/15/82, (5-year CMT + 2.55%)<sup>(a)</sup> | &nbsp;&nbsp; 2480 | 2445680 |
| 4.40%, 03/01/31 | &nbsp;&nbsp; 2995 | 3027128 |
| 4.63%, 07/15/27 | &nbsp;&nbsp; 7150 | 7216929 |
| 4.69%, 09/01/27 | &nbsp;&nbsp; 3535 | 3575347 |
| 4.80%, 12/01/77, (3-mo. SOFR US + <br> 2.67%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2693 | 2670180 |
| 4.85%, 02/04/28 | &nbsp;&nbsp; 2990 | 3044649 |
| 4.90%, 02/28/28 | &nbsp;&nbsp; 6415 | 6529851 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 4815 | 4945749 |
| 5.00%, 02/28/30<sup>(c)</sup> | &nbsp;&nbsp; 4925 | 5095638 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 4807 | 4962527 |
| 5.05%, 03/15/30 | &nbsp;&nbsp; 5395 | 5591767 |
| 5.05%, 02/28/33 | &nbsp;&nbsp; 4760 | 4912967 |
| 5.25%, 03/15/34 | &nbsp;&nbsp; 5390 | 5580831 |
| 5.25%, 02/28/53 | &nbsp;&nbsp; 5330 | 4979809 |
| 5.30%, 03/15/32 | &nbsp;&nbsp; 2935 | 3077110 |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 4220 | 4389361 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 3550 | 3450898 |
| 5.65%, 05/01/79<sup>(a)</sup> | &nbsp;&nbsp; 1116 | 1129704 |
| 5.85%, 03/01/56 | &nbsp;&nbsp; 2775 | 2790318 |
| 5.90%, 03/15/55 | &nbsp;&nbsp; 3315 | 3368535 |
| 6.38%, 08/15/55, (5-year CMT + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; 340 | 353483 |
| 6.50%, 08/15/55, (5-year CMT + 1.98%)<sup>(a)</sup> | &nbsp;&nbsp; 660 | 700006 |
| 6.70%, 09/01/54, (5-year CMT + 2.36%)<sup>(a)</sup> | &nbsp;&nbsp; 1320 | 1368980 |
| 6.75%, 06/15/54, (5-year CMT + 2.46%)<sup>(a)</sup> | &nbsp;&nbsp; 2560 | 2723606 |
| Northern States Power Co. |  |  |
| 2.25%, 04/01/31 | &nbsp;&nbsp; 2530 | 2319522 |
| 2.60%, 06/01/51 | &nbsp;&nbsp; 3469 | 2149733 |
| 2.90%, 03/01/50 | &nbsp;&nbsp; 3214 | 2151689 |
| 3.20%, 04/01/52 | &nbsp;&nbsp; 2320 | 1614492 |
| 3.40%, 08/15/42 | &nbsp;&nbsp; 2028 | 1619863 |
| 3.60%, 09/15/47 | &nbsp;&nbsp; 2453 | 1893908 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 1900 | 1638831 |
| 5.10%, 05/15/53 | &nbsp;&nbsp; 3550 | 3333958 |
| 5.35%, 11/01/39 | &nbsp;&nbsp; 1950 | 2003770 |
| 5.40%, 03/15/54 | &nbsp;&nbsp; 2905 | 2860661 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 1725 | 1755544 |
| 6.20%, 07/01/37 | &nbsp;&nbsp; 1483 | 1647725 |
| 6.25%, 06/01/36 | &nbsp;&nbsp; 1390 | 1552816 |
| Northern States Power Co./MN |  |  |
| 5.05%, 05/15/35 | &nbsp;&nbsp; 3500 | 3594805 |
| 5.65%, 05/15/55 | &nbsp;&nbsp; 2050 | 2086577 |
| NorthWestern Corp., 4.18%, 11/15/44 | &nbsp;&nbsp; 505 | 427504 |
| NSTAR Electric Co. |  |  |
| 1.95%, 08/15/31 | &nbsp;&nbsp; 1416 | 1262185 |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 1940 | 1312669 |
| 3.20%, 05/15/27 | &nbsp;&nbsp; 2911 | 2892717 |
| 3.25%, 05/15/29 | &nbsp;&nbsp; 2407 | 2358478 |
| 3.95%, 04/01/30 | &nbsp;&nbsp; 2687 | 2674995 |
| 4.40%, 03/01/44 | &nbsp;&nbsp; 1985 | 1747241 |
| 4.55%, 06/01/52 | &nbsp;&nbsp; 2165 | 1858924 |
| 4.85%, 03/01/30 | &nbsp;&nbsp; 2550 | 2624799 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 1730 | 1581651 |
| 5.20%, 03/01/35 | &nbsp;&nbsp; 3000 | 3089068 |
| 5.40%, 06/01/34 | &nbsp;&nbsp; 2550 | 2668167 |
| 5.50%, 03/15/40 | &nbsp;&nbsp; 1125 | 1160607 |
| NYSEG Storm Funding LLC, Series A-2, <br> 4.87%, 05/01/32<br>| &nbsp;&nbsp; 2000 | 2062432 |
| OGE Energy Corp., 5.45%, 05/15/29 | &nbsp;&nbsp; 2240 | 2333543 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Oglethorpe Power Corp. |  |  |
| 3.75%, 08/01/50 | &nbsp;&nbsp; $2260 | $1665142 |
| 4.50%, 04/01/47 | &nbsp;&nbsp; 3140 | 2664183 |
| 5.05%, 10/01/48 | &nbsp;&nbsp; 2820 | 2573501 |
| 5.25%, 09/01/50 | &nbsp;&nbsp; 1707 | 1579678 |
| 5.38%, 11/01/40 | &nbsp;&nbsp; 2240 | 2261586 |
| 5.80%, 06/01/54 | &nbsp;&nbsp; 1460 | 1466645 |
| 5.90%, 02/01/55 | &nbsp;&nbsp; 1660 | 1675419 |
| 5.95%, 11/01/39 | &nbsp;&nbsp; 1511 | 1618292 |
| 6.20%, 12/01/53 | &nbsp;&nbsp; 2685 | 2830924 |
| Ohio Edison Co., 6.88%, 07/15/36 | &nbsp;&nbsp; 1540 | 1785834 |
| Ohio Power Co. |  |  |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 2237 | 1752797 |
| 4.15%, 04/01/48 | &nbsp;&nbsp; 2292 | 1867482 |
| 5.00%, 06/01/33 | &nbsp;&nbsp; 1495 | 1526636 |
| 5.65%, 06/01/34 | &nbsp;&nbsp; 1990 | 2100510 |
| Series P, 2.60%, 04/01/30 | &nbsp;&nbsp; 2028 | 1914922 |
| Series Q, 1.63%, 01/15/31 | &nbsp;&nbsp; 3021 | 2676890 |
| Series R, 2.90%, 10/01/51 | &nbsp;&nbsp; 2770 | 1740799 |
| Oklahoma Gas and Electric Co. |  |  |
| 3.25%, 04/01/30 | &nbsp;&nbsp; 2091 | 2031039 |
| 3.30%, 03/15/30 | &nbsp;&nbsp; 2111 | 2047976 |
| 3.80%, 08/15/28 | &nbsp;&nbsp; 2987 | 2985028 |
| 3.85%, 08/15/47 | &nbsp;&nbsp; 2109 | 1683434 |
| 4.15%, 04/01/47 | &nbsp;&nbsp; 3260 | 2705473 |
| 5.40%, 01/15/33 | &nbsp;&nbsp; 2025 | 2134931 |
| 5.60%, 04/01/53 | &nbsp;&nbsp; 3900 | 3875083 |
| 5.80%, 04/01/55 | &nbsp;&nbsp; 1845 | 1894278 |
| Oncor Electric Delivery Co. LLC |  |  |
| 2.70%, 11/15/51 | &nbsp;&nbsp; 2710 | 1651749 |
| 2.75%, 05/15/30 | &nbsp;&nbsp; 3687 | 3518278 |
| 3.10%, 09/15/49 | &nbsp;&nbsp; 3360 | 2270734 |
| 3.70%, 11/15/28 | &nbsp;&nbsp; 4108 | 4089494 |
| 3.70%, 05/15/50 | &nbsp;&nbsp; 2146 | 1621930 |
| 3.75%, 04/01/45 | &nbsp;&nbsp; 2806 | 2246570 |
| 3.80%, 09/30/47 | &nbsp;&nbsp; 1837 | 1439215 |
| 3.80%, 06/01/49 | &nbsp;&nbsp; 2808 | 2150061 |
| 4.10%, 11/15/48 | &nbsp;&nbsp; 2435 | 1976673 |
| 4.15%, 06/01/32 | &nbsp;&nbsp; 2140 | 2120655 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 1450 | 1463041 |
| 4.50%, 03/20/27<sup>(b)</sup> | &nbsp;&nbsp; 2210 | 2227648 |
| 4.55%, 09/15/32 | &nbsp;&nbsp; 3010 | 3040340 |
| 4.55%, 12/01/41 | &nbsp;&nbsp; 2251 | 2053616 |
| 4.60%, 06/01/52 | &nbsp;&nbsp; 1670 | 1426211 |
| 4.65%, 11/01/29 | &nbsp;&nbsp; 2655 | 2715218 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 4630 | 4214758 |
| 5.25%, 09/30/40 | &nbsp;&nbsp; 2177 | 2198843 |
| 5.30%, 06/01/42 | &nbsp;&nbsp; 2323 | 2310724 |
| 5.35%, 04/01/35<sup>(b)</sup> | &nbsp;&nbsp; 1700 | 1768905 |
| 5.35%, 10/01/52 | &nbsp;&nbsp; 1420 | 1361225 |
| 5.55%, 06/15/54 | &nbsp;&nbsp; 3385 | 3349053 |
| 5.65%, 11/15/33 | &nbsp;&nbsp; 3400 | 3641979 |
| 5.75%, 03/15/29 | &nbsp;&nbsp; 1829 | 1919258 |
| 5.80%, 04/01/55<sup>(b)</sup> | &nbsp;&nbsp; 2260 | 2321429 |
| 7.00%, 05/01/32 | &nbsp;&nbsp; 1769 | 2015053 |
| 7.25%, 01/15/33 | &nbsp;&nbsp; 2467 | 2858278 |
| 7.50%, 09/01/38 | &nbsp;&nbsp; 1284 | 1568812 |
| Pacific Gas and Electric Co. |  |  |
| 2.10%, 08/01/27 | &nbsp;&nbsp; 4905 | 4778998 |
| 2.50%, 02/01/31 | &nbsp;&nbsp; 9668 | 8839761 |
| 3.00%, 06/15/28 | &nbsp;&nbsp; 3975 | 3882766 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.25%, 06/01/31 | &nbsp;&nbsp; $4145 | $3905231 |
| 3.30%, 03/15/27 | &nbsp;&nbsp; 2638 | 2617931 |
| 3.30%, 12/01/27 | &nbsp;&nbsp; 5767 | 5695576 |
| 3.30%, 08/01/40 | &nbsp;&nbsp; 4257 | 3305599 |
| 3.50%, 08/01/50 | &nbsp;&nbsp; 8860 | 6091449 |
| 3.75%, 07/01/28 | &nbsp;&nbsp; 4534 | 4503506 |
| 3.75%, 08/15/42 | &nbsp;&nbsp; 1863 | 1449487 |
| 3.95%, 12/01/47 | &nbsp;&nbsp; 4263 | 3243922 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 3049 | 2347676 |
| 4.20%, 03/01/29 | &nbsp;&nbsp; 3955 | 3957536 |
| 4.20%, 06/01/41 | &nbsp;&nbsp; 2217 | 1860804 |
| 4.25%, 03/15/46 | &nbsp;&nbsp; 2677 | 2139463 |
| 4.30%, 03/15/45 | &nbsp;&nbsp; 2909 | 2355906 |
| 4.40%, 03/01/32 | &nbsp;&nbsp; 2325 | 2301367 |
| 4.45%, 04/15/42 | &nbsp;&nbsp; 2016 | 1724080 |
| 4.50%, 07/01/40 | &nbsp;&nbsp; 8288 | 7369521 |
| 4.55%, 07/01/30 | &nbsp;&nbsp; 13814 | 13877098 |
| 4.60%, 06/15/43 | &nbsp;&nbsp; 1517 | 1301850 |
| 4.65%, 08/01/28 | &nbsp;&nbsp; 2193 | 2219170 |
| 4.75%, 02/15/44 | &nbsp;&nbsp; 3390 | 2942288 |
| 4.95%, 07/01/50 | &nbsp;&nbsp; 14172 | 12232062 |
| 5.00%, 06/04/28 | &nbsp;&nbsp; 3265 | 3324998 |
| 5.05%, 10/15/32 | &nbsp;&nbsp; 2180 | 2221948 |
| 5.20%, 05/01/36 | &nbsp;&nbsp; 2685 | 2692901 |
| 5.25%, 03/01/52 | &nbsp;&nbsp; 2795 | 2484839 |
| 5.45%, 06/15/27 | &nbsp;&nbsp; 2374 | 2412045 |
| 5.55%, 05/15/29 | &nbsp;&nbsp; 4085 | 4247567 |
| 5.70%, 03/01/35 | &nbsp;&nbsp; 3225 | 3361946 |
| 5.80%, 05/15/34 | &nbsp;&nbsp; 4615 | 4859219 |
| 5.90%, 06/15/32 | &nbsp;&nbsp; 3105 | 3288255 |
| 5.90%, 10/01/54 | &nbsp;&nbsp; 3245 | 3160519 |
| 6.00%, 08/15/35 | &nbsp;&nbsp; 3325 | 3537069 |
| 6.00%, 05/01/56 | &nbsp;&nbsp; 2655 | 2620064 |
| 6.10%, 01/15/29 | &nbsp;&nbsp; 5895 | 6194365 |
| 6.10%, 10/15/55 | &nbsp;&nbsp; 3750 | 3760510 |
| 6.15%, 01/15/33 | &nbsp;&nbsp; 3695 | 3970319 |
| 6.15%, 03/01/55 | &nbsp;&nbsp; 3355 | 3372522 |
| 6.40%, 06/15/33 | &nbsp;&nbsp; 4645 | 5059279 |
| 6.70%, 04/01/53 | &nbsp;&nbsp; 3455 | 3724842 |
| 6.75%, 01/15/53 | &nbsp;&nbsp; 7010 | 7578347 |
| 6.95%, 03/15/34 | &nbsp;&nbsp; 3835 | 4314354 |
| PacifiCorp |  |  |
| 2.70%, 09/15/30 | &nbsp;&nbsp; 3295 | 3071225 |
| 2.90%, 06/15/52 | &nbsp;&nbsp; 5040 | 3015041 |
| 3.30%, 03/15/51 | &nbsp;&nbsp; 3104 | 2041121 |
| 3.50%, 06/15/29 | &nbsp;&nbsp; 2455 | 2405881 |
| 4.10%, 02/01/42 | &nbsp;&nbsp; 1863 | 1522929 |
| 4.13%, 01/15/49 | &nbsp;&nbsp; 2965 | 2278620 |
| 4.15%, 02/15/50 | &nbsp;&nbsp; 2677 | 2034771 |
| 4.25%, 03/15/29 | &nbsp;&nbsp; 1325 | 1334514 |
| 5.10%, 02/15/29 | &nbsp;&nbsp; 3355 | 3450417 |
| 5.25%, 06/15/35 | &nbsp;&nbsp; 1434 | 1439121 |
| 5.30%, 02/15/31 | &nbsp;&nbsp; 3790 | 3931487 |
| 5.35%, 12/01/53 | &nbsp;&nbsp; 5040 | 4518664 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 4390 | 4507865 |
| 5.50%, 05/15/54 | &nbsp;&nbsp; 4620 | 4225606 |
| 5.75%, 04/01/37 | &nbsp;&nbsp; 1900 | 1940706 |
| 5.80%, 01/15/55 | &nbsp;&nbsp; 6570 | 6254087 |
| 6.00%, 01/15/39 | &nbsp;&nbsp; 3188 | 3266525 |
| 6.10%, 08/01/36 | &nbsp;&nbsp; 1575 | 1670229 |
| 6.25%, 10/15/37 | &nbsp;&nbsp; 2841 | 3022524 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 6.35%, 07/15/38 | &nbsp;&nbsp; $1490 | $1596643 |
| 7.70%, 11/15/31 | &nbsp;&nbsp; 1155 | 1336048 |
| PECO Energy Co. |  |  |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 800 | 510674 |
| 2.85%, 09/15/51 | &nbsp;&nbsp; 1710 | 1087478 |
| 3.00%, 09/15/49 | &nbsp;&nbsp; 1845 | 1234553 |
| 3.05%, 03/15/51 | &nbsp;&nbsp; 1270 | 846886 |
| 3.70%, 09/15/47 | &nbsp;&nbsp; 1821 | 1413879 |
| 3.90%, 03/01/48 | &nbsp;&nbsp; 3037 | 2424179 |
| 4.15%, 10/01/44 | &nbsp;&nbsp; 1465 | 1251250 |
| 4.38%, 08/15/52 | &nbsp;&nbsp; 1990 | 1660862 |
| 4.60%, 05/15/52 | &nbsp;&nbsp; 1800 | 1563760 |
| 4.88%, 09/15/35 | &nbsp;&nbsp; 3075 | 3119146 |
| 4.90%, 06/15/33 | &nbsp;&nbsp; 2557 | 2631835 |
| 5.25%, 09/15/54 | &nbsp;&nbsp; 2260 | 2144387 |
| 5.65%, 09/15/55 | &nbsp;&nbsp; 4205 | 4251647 |
| 5.95%, 10/01/36 | &nbsp;&nbsp; 1095 | 1204459 |
| PG&E Recovery Funding LLC |  |  |
| 5.05%, 07/15/34 | &nbsp;&nbsp; 72 | 73304 |
| Series A-1, 4.84%, 06/01/35 | &nbsp;&nbsp; 3211 | 3296482 |
| Series A-2, 5.23%, 06/01/42 | &nbsp;&nbsp; 4000 | 4137575 |
| Series A-2, 5.26%, 01/15/40 | &nbsp;&nbsp; 825 | 857394 |
| Series A-3, 5.53%, 06/01/51 | &nbsp;&nbsp; 3980 | 4104946 |
| PG&E Wildfire Recovery Funding LLC |  |  |
| Series A-1, 4.02%, 06/01/33 | &nbsp;&nbsp; 2475 | 2477130 |
| Series A-2, 4.26%, 06/01/38 | &nbsp;&nbsp; 10350 | 10251390 |
| Series A-2, 4.72%, 06/01/37 | &nbsp;&nbsp; 2575 | 2587022 |
| Series A-3, 4.38%, 06/03/41 | &nbsp;&nbsp; 4000 | 3849211 |
| Series A-3, 5.08%, 06/01/43 | &nbsp;&nbsp; 2300 | 2324279 |
| Series A-4, 4.45%, 12/01/49 | &nbsp;&nbsp; 20000 | 18264325 |
| Series A-4, 5.21%, 12/01/49 | &nbsp;&nbsp; 2540 | 2507223 |
| Series A-5, 4.67%, 12/01/53 | &nbsp;&nbsp; 3090 | 2793384 |
| Series A-5, 5.10%, 06/01/54 | &nbsp;&nbsp; 2030 | 1940106 |
| Pinnacle West Capital Corp. |  |  |
| 4.90%, 05/15/28 | &nbsp;&nbsp; 2810 | 2862362 |
| 5.15%, 05/15/30 | &nbsp;&nbsp; 1380 | 1429313 |
| Potomac Electric Power Co. |  |  |
| 4.15%, 03/15/43 | &nbsp;&nbsp; 3009 | 2598034 |
| 5.20%, 03/15/34 | &nbsp;&nbsp; 1800 | 1877692 |
| 5.50%, 03/15/54 | &nbsp;&nbsp; 1490 | 1462584 |
| 6.50%, 11/15/37 | &nbsp;&nbsp; 1510 | 1708209 |
| PPL Capital Funding, Inc. |  |  |
| 4.13%, 04/15/30 | &nbsp;&nbsp; 2130 | 2131333 |
| 5.25%, 09/01/34 | &nbsp;&nbsp; 1605 | 1657167 |
| PPL Electric Utilities Corp. |  |  |
| 3.00%, 10/01/49 | &nbsp;&nbsp; 2192 | 1474779 |
| 3.95%, 06/01/47 | &nbsp;&nbsp; 2183 | 1771650 |
| 4.13%, 06/15/44 | &nbsp;&nbsp; 1793 | 1533772 |
| 4.15%, 10/01/45 | &nbsp;&nbsp; 2125 | 1797576 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 2830 | 2361178 |
| 4.75%, 07/15/43 | &nbsp;&nbsp; 2085 | 1943407 |
| 4.85%, 02/15/34 | &nbsp;&nbsp; 2575 | 2633807 |
| 5.00%, 05/15/33 | &nbsp;&nbsp; 3350 | 3457119 |
| 5.25%, 05/15/53 | &nbsp;&nbsp; 3510 | 3371882 |
| 5.55%, 08/15/55 | &nbsp;&nbsp; 4300 | 4332762 |
| 6.25%, 05/15/39 | &nbsp;&nbsp; 1100 | 1222626 |
| Progress Energy, Inc. |  |  |
| 6.00%, 12/01/39 | &nbsp;&nbsp; 2852 | 3053256 |
| 7.00%, 10/30/31 | &nbsp;&nbsp; 2005 | 2266184 |
| 7.75%, 03/01/31 | &nbsp;&nbsp; 2914 | 3358287 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Public Service Co. of Colorado |  |  |
| 1.88%, 06/15/31 | &nbsp;&nbsp; $1540 | $1370880 |
| 3.60%, 09/15/42 | &nbsp;&nbsp; 1943 | 1558529 |
| 3.70%, 06/15/28 | &nbsp;&nbsp; 2565 | 2558271 |
| 3.80%, 06/15/47 | &nbsp;&nbsp; 2189 | 1715149 |
| 4.05%, 09/15/49 | &nbsp;&nbsp; 2481 | 1976548 |
| 4.10%, 06/01/32 | &nbsp;&nbsp; 1645 | 1634067 |
| 4.10%, 06/15/48 | &nbsp;&nbsp; 1750 | 1421232 |
| 4.30%, 03/15/44 | &nbsp;&nbsp; 1576 | 1362791 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 2065 | 1749791 |
| 5.15%, 09/15/35 | &nbsp;&nbsp; 2645 | 2701227 |
| 5.25%, 04/01/53 | &nbsp;&nbsp; 4035 | 3799121 |
| 5.35%, 05/15/34 | &nbsp;&nbsp; 3900 | 4060866 |
| 5.75%, 05/15/54 | &nbsp;&nbsp; 2690 | 2726931 |
| 5.85%, 05/15/55 | &nbsp;&nbsp; 4690 | 4792474 |
| 6.50%, 08/01/38 | &nbsp;&nbsp; 610 | 686688 |
| Series 17, 6.25%, 09/01/37 | &nbsp;&nbsp; 1684 | 1858057 |
| Series 34, 3.20%, 03/01/50 | &nbsp;&nbsp; 2629 | 1814279 |
| Series 35, 1.90%, 01/15/31 | &nbsp;&nbsp; 2619 | 2358798 |
| Series 36, 2.70%, 01/15/51 | &nbsp;&nbsp; 2320 | 1420087 |
| Public Service Co. of New Hampshire |  |  |
| 3.60%, 07/01/49 | &nbsp;&nbsp; 1845 | 1397049 |
| 4.40%, 07/01/28 | &nbsp;&nbsp; 2570 | 2602374 |
| 5.15%, 01/15/53 | &nbsp;&nbsp; 1725 | 1627692 |
| 5.35%, 10/01/33 | &nbsp;&nbsp; 2675 | 2824409 |
| Series V, 2.20%, 06/15/31 | &nbsp;&nbsp; 590 | 536138 |
| Public Service Co. of Oklahoma |  |  |
| 5.20%, 01/15/35 | &nbsp;&nbsp; 2515 | 2564430 |
| 5.25%, 01/15/33 | &nbsp;&nbsp; 2475 | 2562669 |
| 5.45%, 01/15/36 | &nbsp;&nbsp; 4145 | 4295063 |
| Series J, 2.20%, 08/15/31 | &nbsp;&nbsp; 1835 | 1644459 |
| Series K, 3.15%, 08/15/51 | &nbsp;&nbsp; 690 | 463618 |
| Public Service Electric and Gas Co. |  |  |
| 1.90%, 08/15/31 | &nbsp;&nbsp; 2455 | 2195140 |
| 2.05%, 08/01/50 | &nbsp;&nbsp; 3050 | 1673455 |
| 2.45%, 01/15/30 | &nbsp;&nbsp; 2204 | 2085907 |
| 2.70%, 05/01/50 | &nbsp;&nbsp; 2125 | 1357946 |
| 3.00%, 05/15/27 | &nbsp;&nbsp; 2874 | 2849664 |
| 3.00%, 03/01/51 | &nbsp;&nbsp; 1640 | 1088522 |
| 3.10%, 03/15/32 | &nbsp;&nbsp; 1204 | 1131984 |
| 3.15%, 01/01/50 | &nbsp;&nbsp; 2385 | 1635286 |
| 3.20%, 05/15/29 | &nbsp;&nbsp; 2059 | 2019258 |
| 3.20%, 08/01/49 | &nbsp;&nbsp; 2615 | 1825285 |
| 3.60%, 12/01/47 | &nbsp;&nbsp; 2664 | 2022264 |
| 3.65%, 09/01/28 | &nbsp;&nbsp; 2723 | 2714556 |
| 3.65%, 09/01/42 | &nbsp;&nbsp; 1685 | 1376464 |
| 3.70%, 05/01/28 | &nbsp;&nbsp; 2284 | 2278428 |
| 3.80%, 01/01/43 | &nbsp;&nbsp; 1154 | 965282 |
| 3.80%, 03/01/46 | &nbsp;&nbsp; 2653 | 2136047 |
| 3.85%, 05/01/49 | &nbsp;&nbsp; 2622 | 2056119 |
| 3.95%, 05/01/42 | &nbsp;&nbsp; 1390 | 1198491 |
| 4.05%, 05/01/48 | &nbsp;&nbsp; 2911 | 2372013 |
| 4.65%, 03/15/33 | &nbsp;&nbsp; 2685 | 2716115 |
| 4.85%, 08/01/34 | &nbsp;&nbsp; 2445 | 2485980 |
| 4.90%, 12/15/32 | &nbsp;&nbsp; 2278 | 2353443 |
| 4.90%, 08/15/35 | &nbsp;&nbsp; 1420 | 1446362 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 1370 | 1414384 |
| 5.13%, 03/15/53 | &nbsp;&nbsp; 1365 | 1293823 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 1280 | 1337732 |
| 5.20%, 03/01/34 | &nbsp;&nbsp; 1990 | 2073266 |
| 5.30%, 08/01/54 | &nbsp;&nbsp; 2335 | 2259107 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.45%, 08/01/53 | &nbsp;&nbsp; $1350 | $1331407 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 2360 | 2337422 |
| 5.50%, 03/01/40 | &nbsp;&nbsp; 1227 | 1271334 |
| 5.80%, 05/01/37 | &nbsp;&nbsp; 1203 | 1301133 |
| Series Q, 5.50%, 03/01/55 | &nbsp;&nbsp; 600 | 594805 |
| Series R, 4.20%, 01/01/31 | &nbsp;&nbsp; 1660 | 1671210 |
| Series R, 5.63%, 01/01/56 | &nbsp;&nbsp; 1160 | 1181563 |
| Public Service Enterprise Group, Inc. |  |  |
| 1.60%, 08/15/30 | &nbsp;&nbsp; 2783 | 2494143 |
| 2.45%, 11/15/31 | &nbsp;&nbsp; 3140 | 2845438 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 2040 | 2098922 |
| 5.20%, 04/01/29 | &nbsp;&nbsp; 3615 | 3735659 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 1870 | 1941247 |
| 5.45%, 04/01/34 | &nbsp;&nbsp; 2505 | 2618250 |
| 5.85%, 11/15/27 | &nbsp;&nbsp; 2190 | 2257818 |
| 5.88%, 10/15/28 | &nbsp;&nbsp; 3285 | 3431832 |
| 6.13%, 10/15/33 | &nbsp;&nbsp; 2525 | 2738914 |
| Puget Energy, Inc. |  |  |
| 2.38%, 06/15/28 | &nbsp;&nbsp; 3705 | 3567901 |
| 4.10%, 06/15/30 | &nbsp;&nbsp; 2744 | 2709191 |
| 4.22%, 03/15/32 | &nbsp;&nbsp; 2464 | 2397232 |
| 5.73%, 03/15/35 | &nbsp;&nbsp; 965 | 997946 |
| Puget Sound Energy, Inc. |  |  |
| 2.89%, 09/15/51 | &nbsp;&nbsp; 2055 | 1349905 |
| 3.25%, 09/15/49 | &nbsp;&nbsp; 3673 | 2569227 |
| 4.22%, 06/15/48 | &nbsp;&nbsp; 3870 | 3237893 |
| 4.30%, 05/20/45 | &nbsp;&nbsp; 2352 | 1993235 |
| 5.33%, 06/15/34 | &nbsp;&nbsp; 1865 | 1942440 |
| 5.45%, 06/01/53 | &nbsp;&nbsp; 670 | 656140 |
| 5.60%, 09/15/55 | &nbsp;&nbsp; 3250 | 3239564 |
| 5.64%, 04/15/41 | &nbsp;&nbsp; 840 | 862051 |
| 5.69%, 06/15/54 | &nbsp;&nbsp; 1785 | 1805283 |
| 5.76%, 10/01/39 | &nbsp;&nbsp; 2250 | 2390067 |
| 5.80%, 03/15/40 | &nbsp;&nbsp; 1375 | 1441889 |
| 6.27%, 03/15/37 | &nbsp;&nbsp; 1125 | 1252195 |
| San Diego Gas & Electric Co. |  |  |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 2360 | 1750674 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 2260 | 1847871 |
| 4.50%, 08/15/40 | &nbsp;&nbsp; 1893 | 1752257 |
| 4.95%, 08/15/28 | &nbsp;&nbsp; 3767 | 3865791 |
| 5.35%, 04/01/53 | &nbsp;&nbsp; 3785 | 3614170 |
| 5.40%, 04/15/35 | &nbsp;&nbsp; 2500 | 2606277 |
| 5.55%, 04/15/54 | &nbsp;&nbsp; 2895 | 2840661 |
| 6.00%, 06/01/39 | &nbsp;&nbsp; 1050 | 1128537 |
| Series RRR, 3.75%, 06/01/47 | &nbsp;&nbsp; 2420 | 1882199 |
| Series TTT, 4.10%, 06/15/49 | &nbsp;&nbsp; 2284 | 1826521 |
| Series UUU, 3.32%, 04/15/50 | &nbsp;&nbsp; 2291 | 1599447 |
| Series VVV, 1.70%, 10/01/30 | &nbsp;&nbsp; 4879 | 4394901 |
| Series WWW, 2.95%, 08/15/51 | &nbsp;&nbsp; 3970 | 2596841 |
| Series XXX, 3.00%, 03/15/32 | &nbsp;&nbsp; 2655 | 2471427 |
| SCE Recovery Funding LLC, 5.34%, 03/15/47 | &nbsp;&nbsp; 1000 | 1020801 |
| Sempra |  |  |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 4103 | 4066442 |
| 3.40%, 02/01/28 | &nbsp;&nbsp; 5127 | 5072693 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 3258 | 3222210 |
| 3.80%, 02/01/38 | &nbsp;&nbsp; 4602 | 4019535 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 3507 | 2718873 |
| 4.13%, 04/01/52, (5-year CMT + 2.87%)<sup>(a)</sup> | &nbsp;&nbsp; 4290 | 4236405 |
| 5.50%, 08/01/33 | &nbsp;&nbsp; 4200 | 4423390 |
| 6.00%, 10/15/39 | &nbsp;&nbsp; 3350 | 3537836 |
| 6.40%, 10/01/54, (5-year CMT + 2.63%)<sup>(a)</sup> | &nbsp;&nbsp; 1655 | 1687543 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 6.55%, 04/01/55, (5-year CMT + 2.14%)<sup>(a)</sup> | &nbsp;&nbsp; $495 | $505129 |
| 6.63%, 04/01/55, (5-year CMT + 2.35%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25411 |
| 6.88%, 10/01/54, (5-year CMT + 2.79%)<sup>(a)</sup> | &nbsp;&nbsp; 1880 | 1937489 |
| Sierra Pacific Power Co. |  |  |
| 5.90%, 03/15/54 | &nbsp;&nbsp; 2155 | 2198104 |
| 6.20%, 12/15/55, (5-year CMT + 2.55%)<sup>(a)</sup> | &nbsp;&nbsp; 1595 | 1586462 |
| Southern California Edison Co. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 3142 | 2889316 |
| 2.75%, 02/01/32 | &nbsp;&nbsp; 3475 | 3152231 |
| 2.85%, 08/01/29 | &nbsp;&nbsp; 2558 | 2449707 |
| 3.45%, 02/01/52 | &nbsp;&nbsp; 2860 | 1944071 |
| 3.65%, 02/01/50 | &nbsp;&nbsp; 5779 | 4130538 |
| 4.00%, 04/01/47 | &nbsp;&nbsp; 7869 | 6062739 |
| 4.05%, 03/15/42 | &nbsp;&nbsp; 2532 | 2066310 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 2555 | 2278344 |
| 4.65%, 10/01/43 | &nbsp;&nbsp; 3888 | 3373995 |
| 4.80%, 03/15/33 | &nbsp;&nbsp; 3325 | 3339023 |
| 5.15%, 06/01/29 | &nbsp;&nbsp; 4300 | 4422908 |
| 5.20%, 06/01/34 | &nbsp;&nbsp; 3635 | 3692579 |
| 5.25%, 03/15/30 | &nbsp;&nbsp; 2995 | 3097944 |
| 5.30%, 03/01/28 | &nbsp;&nbsp; 2425 | 2481232 |
| 5.45%, 06/01/31 | &nbsp;&nbsp; 2515 | 2630546 |
| 5.45%, 03/01/35 | &nbsp;&nbsp; 3230 | 3320573 |
| 5.50%, 03/15/40 | &nbsp;&nbsp; 2278 | 2265506 |
| 5.63%, 02/01/36 | &nbsp;&nbsp; 1589 | 1637449 |
| 5.65%, 10/01/28 | &nbsp;&nbsp; 1995 | 2069450 |
| 5.70%, 03/01/53 | &nbsp;&nbsp; 2245 | 2139777 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 2025 | 1949428 |
| 5.85%, 11/01/27 | &nbsp;&nbsp; 3250 | 3340014 |
| 5.88%, 12/01/53 | &nbsp;&nbsp; 3030 | 2975908 |
| 5.90%, 03/01/55 | &nbsp;&nbsp; 3100 | 3051425 |
| 5.95%, 11/01/32 | &nbsp;&nbsp; 2649 | 2839609 |
| 6.00%, 01/15/34 | &nbsp;&nbsp; 3199 | 3410121 |
| 6.05%, 03/15/39 | &nbsp;&nbsp; 2240 | 2343783 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 3015 | 3096034 |
| 6.65%, 04/01/29 | &nbsp;&nbsp; 2025 | 2143971 |
| Series 04-G, 5.75%, 04/01/35 | &nbsp;&nbsp; 1509 | 1576114 |
| Series 05-E, 5.35%, 07/15/35 | &nbsp;&nbsp; 1591 | 1619683 |
| Series 06-E, 5.55%, 01/15/37 | &nbsp;&nbsp; 1740 | 1779037 |
| Series 08-A, 5.95%, 02/01/38<sup>(c)</sup> | &nbsp;&nbsp; 2387 | 2492360 |
| Series 13-A, 3.90%, 03/15/43 | &nbsp;&nbsp; 2404 | 1894000 |
| Series 20A, 2.95%, 02/01/51 | &nbsp;&nbsp; 3110 | 1946815 |
| Series A, 4.20%, 03/01/29 | &nbsp;&nbsp; 3988 | 3990670 |
| Series B, 3.65%, 03/01/28 | &nbsp;&nbsp; 2452 | 2434633 |
| Series B, 4.88%, 03/01/49 | &nbsp;&nbsp; 3091 | 2661758 |
| Series C, 3.60%, 02/01/45 | &nbsp;&nbsp; 2010 | 1489225 |
| Series C, 4.13%, 03/01/48 | &nbsp;&nbsp; 6072 | 4754301 |
| Series D, 4.70%, 06/01/27 | &nbsp;&nbsp; 3527 | 3553362 |
| Series E, 5.45%, 06/01/52 | &nbsp;&nbsp; 2049 | 1891444 |
| Series G, 2.50%, 06/01/31 | &nbsp;&nbsp; 3607 | 3293117 |
| Series H, 3.65%, 06/01/51 | &nbsp;&nbsp; 2517 | 1767932 |
| Southern Co.(The) |  |  |
| 4.25%, 07/01/36 | &nbsp;&nbsp; 2650 | 2508431 |
| 4.40%, 07/01/46 | &nbsp;&nbsp; 9021 | 7713793 |
| 4.85%, 06/15/28 | &nbsp;&nbsp; 3110 | 3172613 |
| 4.85%, 03/15/35 | &nbsp;&nbsp; 3650 | 3642927 |
| 5.11%, 08/01/27 | &nbsp;&nbsp; 3600 | 3658362 |
| 5.20%, 06/15/33 | &nbsp;&nbsp; 3855 | 3994161 |
| 5.50%, 03/15/29 | &nbsp;&nbsp; 4870 | 5072617 |
| 5.70%, 10/15/32 | &nbsp;&nbsp; 2595 | 2778116 |
| 5.70%, 03/15/34 | &nbsp;&nbsp; 4080 | 4335658 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series 2025, 6.38%, 03/15/55, (5-year CMT <br> + 2.07%)<sup>(a)</sup><br>| &nbsp;&nbsp; $1070 | $1120285 |
| Series 21-B, 1.75%, 03/15/28 | &nbsp;&nbsp; 2300 | 2204296 |
| Series A, 3.70%, 04/30/30 | &nbsp;&nbsp; 4910 | 4834400 |
| Southern Power Co. |  |  |
| 5.15%, 09/15/41 | &nbsp;&nbsp; 2698 | 2640221 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 1435 | 1399525 |
| Series A, 4.25%, 10/01/30 | &nbsp;&nbsp; 2150 | 2159678 |
| Series B, 4.90%, 10/01/35 | &nbsp;&nbsp; 2910 | 2905613 |
| Series F, 4.95%, 12/15/46 | &nbsp;&nbsp; 1905 | 1724646 |
| Southwestern Electric Power Co. |  |  |
| 3.25%, 11/01/51 | &nbsp;&nbsp; 3315 | 2212427 |
| 5.30%, 04/01/33 | &nbsp;&nbsp; 1590 | 1646660 |
| 6.20%, 03/15/40 | &nbsp;&nbsp; 1679 | 1801120 |
| Series J, 3.90%, 04/01/45 | &nbsp;&nbsp; 1820 | 1436370 |
| Series L, 3.85%, 02/01/48 | &nbsp;&nbsp; 2333 | 1779748 |
| Series M, 4.10%, 09/15/28 | &nbsp;&nbsp; 2615 | 2619072 |
| Southwestern Public Service Co. |  |  |
| 3.40%, 08/15/46 | &nbsp;&nbsp; 2098 | 1522432 |
| 3.70%, 08/15/47 | &nbsp;&nbsp; 2230 | 1705239 |
| 3.75%, 06/15/49 | &nbsp;&nbsp; 2028 | 1549429 |
| 4.50%, 08/15/41 | &nbsp;&nbsp; 2141 | 1926021 |
| 5.30%, 05/15/35 | &nbsp;&nbsp; 2250 | 2322309 |
| 6.00%, 06/01/54 | &nbsp;&nbsp; 2900 | 3007332 |
| Series 6, 4.40%, 11/15/48 | &nbsp;&nbsp; 1408 | 1183486 |
| Series 8, 3.15%, 05/01/50 | &nbsp;&nbsp; 2333 | 1574578 |
| System Energy Resources, Inc. |  |  |
| 5.30%, 12/15/34 | &nbsp;&nbsp; 2160 | 2204511 |
| 6.00%, 04/15/28 | &nbsp;&nbsp; 1675 | 1737074 |
| Tampa Electric Co. |  |  |
| 2.40%, 03/15/31 | &nbsp;&nbsp; 2284 | 2099827 |
| 3.45%, 03/15/51 | &nbsp;&nbsp; 1705 | 1225742 |
| 3.63%, 06/15/50 | &nbsp;&nbsp; 2251 | 1675927 |
| 4.10%, 06/15/42 | &nbsp;&nbsp; 1928 | 1668528 |
| 4.30%, 06/15/48 | &nbsp;&nbsp; 1854 | 1564671 |
| 4.35%, 05/15/44 | &nbsp;&nbsp; 1815 | 1582392 |
| 4.45%, 06/15/49 | &nbsp;&nbsp; 2379 | 2016754 |
| 4.90%, 03/01/29 | &nbsp;&nbsp; 2560 | 2627932 |
| 5.00%, 07/15/52 | &nbsp;&nbsp; 1465 | 1354983 |
| 5.15%, 03/01/35 | &nbsp;&nbsp; 2575 | 2639980 |
| Toledo Edison Co. (The), 6.15%, 05/15/37 | &nbsp;&nbsp; 1179 | 1303214 |
| Tucson Electric Power Co. |  |  |
| 1.50%, 08/01/30 | &nbsp;&nbsp; 4181 | 3734523 |
| 3.25%, 05/15/32 | &nbsp;&nbsp; 1423 | 1334040 |
| 3.25%, 05/01/51 | &nbsp;&nbsp; 1660 | 1132369 |
| 4.00%, 06/15/50 | &nbsp;&nbsp; 2542 | 2000528 |
| 4.85%, 12/01/48 | &nbsp;&nbsp; 1552 | 1400595 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 1695 | 1748311 |
| 5.50%, 04/15/53 | &nbsp;&nbsp; 2405 | 2325489 |
| 5.90%, 04/15/55 | &nbsp;&nbsp; 1990 | 2038818 |
| Union Electric Co. |  |  |
| 2.15%, 03/15/32 | &nbsp;&nbsp; 2505 | 2229967 |
| 2.63%, 03/15/51 | &nbsp;&nbsp; 2766 | 1698896 |
| 2.95%, 06/15/27 | &nbsp;&nbsp; 2708 | 2682865 |
| 2.95%, 03/15/30 | &nbsp;&nbsp; 2969 | 2853529 |
| 3.25%, 10/01/49 | &nbsp;&nbsp; 2226 | 1547448 |
| 3.50%, 03/15/29 | &nbsp;&nbsp; 2971 | 2938903 |
| 3.65%, 04/15/45 | &nbsp;&nbsp; 2205 | 1756317 |
| 3.90%, 09/15/42 | &nbsp;&nbsp; 2190 | 1849212 |
| 3.90%, 04/01/52 | &nbsp;&nbsp; 1780 | 1387341 |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 2060 | 1666607 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.80%, 03/15/36 | &nbsp;&nbsp; $2000 | $2005554 |
| 5.13%, 03/15/55 | &nbsp;&nbsp; 1830 | 1717383 |
| 5.20%, 04/01/34 | &nbsp;&nbsp; 2240 | 2337360 |
| 5.25%, 04/15/35 | &nbsp;&nbsp; 2355 | 2445877 |
| 5.25%, 01/15/54 | &nbsp;&nbsp; 1780 | 1702620 |
| 5.30%, 08/01/37 | &nbsp;&nbsp; 1055 | 1097449 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 2315 | 2286824 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 2000 | 1988205 |
| 8.45%, 03/15/39 | &nbsp;&nbsp; 1373 | 1795088 |
| Virginia Electric and Power Co. |  |  |
| 2.30%, 11/15/31 | &nbsp;&nbsp; 2729 | 2461631 |
| 2.40%, 03/30/32 | &nbsp;&nbsp; 1735 | 1561820 |
| 2.45%, 12/15/50 | &nbsp;&nbsp; 4862 | 2815912 |
| 2.95%, 11/15/51 | &nbsp;&nbsp; 4195 | 2663719 |
| 3.30%, 12/01/49 | &nbsp;&nbsp; 2655 | 1843250 |
| 4.00%, 01/15/43 | &nbsp;&nbsp; 2520 | 2098088 |
| 4.45%, 02/15/44 | &nbsp;&nbsp; 2710 | 2375913 |
| 4.60%, 12/01/48 | &nbsp;&nbsp; 2785 | 2401106 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 4425 | 4414360 |
| 5.00%, 04/01/33 | &nbsp;&nbsp; 3650 | 3749960 |
| 5.00%, 01/15/34 | &nbsp;&nbsp; 2745 | 2801790 |
| 5.05%, 08/15/34 | &nbsp;&nbsp; 2760 | 2815304 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 2510 | 2569583 |
| 5.30%, 08/15/33 | &nbsp;&nbsp; 1925 | 2013771 |
| 5.35%, 01/15/54 | &nbsp;&nbsp; 2255 | 2136792 |
| 5.45%, 04/01/53 | &nbsp;&nbsp; 3396 | 3263714 |
| 5.55%, 08/15/54 | &nbsp;&nbsp; 1835 | 1785900 |
| 5.65%, 03/15/55 | &nbsp;&nbsp; 2210 | 2181952 |
| 5.70%, 08/15/53 | &nbsp;&nbsp; 2770 | 2754394 |
| 5.70%, 03/15/56 | &nbsp;&nbsp; 5525 | 5493112 |
| 6.35%, 11/30/37 | &nbsp;&nbsp; 2217 | 2465881 |
| 8.88%, 11/15/38 | &nbsp;&nbsp; 2973 | 3984362 |
| Series A, 2.88%, 07/15/29 | &nbsp;&nbsp; 3142 | 3038378 |
| Series A, 3.50%, 03/15/27 | &nbsp;&nbsp; 4202 | 4187010 |
| Series A, 3.80%, 04/01/28 | &nbsp;&nbsp; 4435 | 4430214 |
| Series A, 6.00%, 05/15/37 | &nbsp;&nbsp; 2742 | 2958348 |
| Series B, 3.75%, 05/15/27 | &nbsp;&nbsp; 2579 | 2576686 |
| Series B, 3.80%, 09/15/47 | &nbsp;&nbsp; 2782 | 2159891 |
| Series B, 4.20%, 05/15/45 | &nbsp;&nbsp; 1682 | 1404173 |
| Series B, 6.00%, 01/15/36 | &nbsp;&nbsp; 2254 | 2436062 |
| Series C, 4.00%, 11/15/46 | &nbsp;&nbsp; 2460 | 1982853 |
| Series C, 4.63%, 05/15/52 | &nbsp;&nbsp; 2920 | 2488625 |
| Series C, 4.90%, 09/15/35 | &nbsp;&nbsp; 3960 | 3971383 |
| Series D, 4.65%, 08/15/43 | &nbsp;&nbsp; 2690 | 2425648 |
| Series D, 5.60%, 09/15/55 | &nbsp;&nbsp; 5130 | 5025046 |
| Virginia Power Fuel Securitization LLC, <br> Series A-2, 4.88%, 05/01/33<br>| &nbsp;&nbsp; 6000 | 6170901 |
| WEC Energy Group, Inc. |  |  |
| 1.38%, 10/15/27 | &nbsp;&nbsp; 2934 | 2818577 |
| 1.80%, 10/15/30 | &nbsp;&nbsp; 1330 | 1196378 |
| 2.20%, 12/15/28 | &nbsp;&nbsp; 1557 | 1487339 |
| 4.75%, 01/15/28 | &nbsp;&nbsp; 3420 | 3473459 |
| 5.15%, 10/01/27 | &nbsp;&nbsp; 2575 | 2619625 |
| 5.63%, 05/15/56, (5-year CMT + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 1880 | 1898221 |
| Wisconsin Electric Power Co. |  |  |
| 1.70%, 06/15/28 | &nbsp;&nbsp; 2135 | 2040918 |
| 3.95%, 03/01/29 | &nbsp;&nbsp; 1500 | 1503388 |
| 4.15%, 10/15/30 | &nbsp;&nbsp; 2315 | 2327396 |
| 4.30%, 10/15/48 | &nbsp;&nbsp; 2475 | 2094017 |
| 4.60%, 10/01/34 | &nbsp;&nbsp; 1505 | 1514548 |
| 4.75%, 09/30/32 | &nbsp;&nbsp; 2075 | 2135551 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.00%, 05/15/29 | &nbsp;&nbsp; $2030 | $2094688 |
| 5.05%, 10/01/54 | &nbsp;&nbsp; 1410 | 1318480 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 1390 | 1499151 |
| 5.70%, 12/01/36 | &nbsp;&nbsp; 920 | 994977 |
| Wisconsin Power and Light Co. |  |  |
| 1.95%, 09/16/31 | &nbsp;&nbsp; 2920 | 2598391 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 3053 | 2970439 |
| 3.05%, 10/15/27 | &nbsp;&nbsp; 2080 | 2053675 |
| 3.65%, 04/01/50 | &nbsp;&nbsp; 2275 | 1690953 |
| 3.95%, 09/01/32 | &nbsp;&nbsp; 2685 | 2622272 |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 1900 | 1952542 |
| 5.38%, 03/30/34 | &nbsp;&nbsp; 1795 | 1871122 |
| 5.70%, 12/15/55 | &nbsp;&nbsp; 1975 | 1976735 |
| 6.38%, 08/15/37 | &nbsp;&nbsp; 870 | 966331 |
| Wisconsin Public Service Corp. |  |  |
| 2.85%, 12/01/51 | &nbsp;&nbsp; 2635 | 1696456 |
| 3.30%, 09/01/49 | &nbsp;&nbsp; 2225 | 1573059 |
| 3.67%, 12/01/42 | &nbsp;&nbsp; 2070 | 1694406 |
| 4.25%, 01/15/31 | &nbsp;&nbsp; 1565 | 1578590 |
| 4.55%, 12/01/29 | &nbsp;&nbsp; 1105 | 1128241 |
| 4.75%, 11/01/44 | &nbsp;&nbsp; 2403 | 2202182 |
| Xcel Energy, Inc. |  |  |
| 1.75%, 03/15/27 | &nbsp;&nbsp; 370 | 361887 |
| 2.35%, 11/15/31 | &nbsp;&nbsp; 1590 | 1432163 |
| 2.60%, 12/01/29 | &nbsp;&nbsp; 3501 | 3320819 |
| 3.40%, 06/01/30 | &nbsp;&nbsp; 2985 | 2897751 |
| 3.50%, 12/01/49 | &nbsp;&nbsp; 2665 | 1942213 |
| 4.00%, 06/15/28 | &nbsp;&nbsp; 3929 | 3935406 |
| 4.60%, 06/01/32 | &nbsp;&nbsp; 3445 | 3469783 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 1480 | 1502750 |
| 5.45%, 08/15/33 | &nbsp;&nbsp; 3795 | 3958836 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 4235 | 4417416 |
| 5.60%, 04/15/35 | &nbsp;&nbsp; 2290 | 2392099 |
| 5.75%, 12/03/56, (5-year CMT + 2.17%)<sup>(a)</sup> | &nbsp;&nbsp; 2200 | 2199317 |
| 6.50%, 07/01/36 | &nbsp;&nbsp; 1469 | 1625936 |
|  |  | 3182377118 |
| **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
| ABB Finance USA, Inc. |  |  |
| 3.80%, 04/03/28 | &nbsp;&nbsp; 1260 | 1261194 |
| 4.38%, 05/08/42 | &nbsp;&nbsp; 610 | 554913 |
| Acuity Brands Lighting, Inc., 2.15%, 12/15/30 | &nbsp;&nbsp; 2391 | 2170608 |
| Emerson Electric Co. |  |  |
| 1.80%, 10/15/27 | &nbsp;&nbsp; 3486 | 3384748 |
| 1.95%, 10/15/30 | &nbsp;&nbsp; 2836 | 2597791 |
| 2.00%, 12/21/28 | &nbsp;&nbsp; 4972 | 4748639 |
| 2.20%, 12/21/31 | &nbsp;&nbsp; 3991 | 3609550 |
| 2.75%, 10/15/50 | &nbsp;&nbsp; 2928 | 1902515 |
| 2.80%, 12/21/51 | &nbsp;&nbsp; 4835 | 3123369 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 1295 | 1339852 |
| 5.25%, 11/15/39 | &nbsp;&nbsp; 2215 | 2306889 |
|  |  | 27000068 |
| **Electronics — 0.2%** | **Electronics — 0.2%** | **Electronics — 0.2%** |
| Allegion PLC, 3.50%, 10/01/29 | &nbsp;&nbsp; 3341 | 3271057 |
| Allegion U.S. Holding Co., Inc. |  |  |
| 3.55%, 10/01/27 | &nbsp;&nbsp; 3037 | 3016037 |
| 5.41%, 07/01/32 | &nbsp;&nbsp; 2300 | 2402474 |
| 5.60%, 05/29/34 | &nbsp;&nbsp; 2250 | 2373444 |
| Amphenol Corp. |  |  |
| 2.20%, 09/15/31 | &nbsp;&nbsp; 4175 | 3785111 |
| 2.80%, 02/15/30 | &nbsp;&nbsp; 5267 | 5042096 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 3.80%, 11/15/27 | &nbsp;&nbsp; $4485 | $4489277 |
| 3.90%, 11/15/28 | &nbsp;&nbsp; 1890 | 1894629 |
| 4.13%, 11/15/30 | &nbsp;&nbsp; 3800 | 3817667 |
| 4.35%, 06/01/29 | &nbsp;&nbsp; 3291 | 3342909 |
| 4.38%, 06/12/28 | &nbsp;&nbsp; 2680 | 2714044 |
| 4.40%, 02/15/33 | &nbsp;&nbsp; 5345 | 5357163 |
| 4.63%, 02/15/36 | &nbsp;&nbsp; 6520 | 6476886 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 2660 | 2728028 |
| 5.05%, 04/05/27 | &nbsp;&nbsp; 2535 | 2567434 |
| 5.05%, 04/05/29 | &nbsp;&nbsp; 2665 | 2754296 |
| 5.25%, 04/05/34 | &nbsp;&nbsp; 2425 | 2538411 |
| 5.30%, 11/15/55 | &nbsp;&nbsp; 6095 | 5898270 |
| 5.38%, 11/15/54 | &nbsp;&nbsp; 1580 | 1555985 |
| Arrow Electronics, Inc. |  |  |
| 2.95%, 02/15/32 | &nbsp;&nbsp; 3213 | 2908912 |
| 3.88%, 01/12/28 | &nbsp;&nbsp; 3330 | 3312958 |
| 5.15%, 08/21/29 | &nbsp;&nbsp; 2555 | 2619315 |
| 5.88%, 04/10/34 | &nbsp;&nbsp; 2445 | 2572204 |
| Avnet, Inc. |  |  |
| 3.00%, 05/15/31 | &nbsp;&nbsp; 2056 | 1894907 |
| 5.50%, 06/01/32 | &nbsp;&nbsp; 1825 | 1894676 |
| 6.25%, 03/15/28 | &nbsp;&nbsp; 2530 | 2624427 |
| Flex Ltd. |  |  |
| 4.88%, 06/15/29 | &nbsp;&nbsp; 3646 | 3712954 |
| 4.88%, 05/12/30 | &nbsp;&nbsp; 3169 | 3227017 |
| 5.25%, 01/15/32 | &nbsp;&nbsp; 4060 | 4165936 |
| 5.38%, 11/13/35 | &nbsp;&nbsp; 1270 | 1283480 |
| 6.00%, 01/15/28 | &nbsp;&nbsp; 2640 | 2727189 |
| Fortive Corp., 4.30%, 06/15/46 | &nbsp;&nbsp; 2650 | 2236645 |
| Honeywell International, Inc. |  |  |
| 1.10%, 03/01/27 | &nbsp;&nbsp; 4744 | 4620136 |
| 1.75%, 09/01/31 | &nbsp;&nbsp; 6790 | 6008610 |
| 1.95%, 06/01/30 | &nbsp;&nbsp; 4751 | 4380336 |
| 2.70%, 08/15/29 | &nbsp;&nbsp; 4225 | 4068500 |
| 2.80%, 06/01/50 | &nbsp;&nbsp; 5635 | 3805616 |
| 3.81%, 11/21/47 | &nbsp;&nbsp; 2675 | 2133951 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 4700 | 4755575 |
| 4.50%, 01/15/34 | &nbsp;&nbsp; 4615 | 4634561 |
| 4.65%, 07/30/27 | &nbsp;&nbsp; 4035 | 4083604 |
| 4.70%, 02/01/30 | &nbsp;&nbsp; 3845 | 3949349 |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 2980 | 3067310 |
| 4.88%, 09/01/29 | &nbsp;&nbsp; 3590 | 3705683 |
| 4.95%, 02/15/28 | &nbsp;&nbsp; 4000 | 4088186 |
| 4.95%, 09/01/31 | &nbsp;&nbsp; 2785 | 2908600 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 5085 | 5301079 |
| 5.00%, 03/01/35<sup>(c)</sup> | &nbsp;&nbsp; 6220 | 6404332 |
| 5.25%, 03/01/54 | &nbsp;&nbsp; 5735 | 5518623 |
| 5.35%, 03/01/64 | &nbsp;&nbsp; 2950 | 2852745 |
| 5.38%, 03/01/41 | &nbsp;&nbsp; 2215 | 2307672 |
| 5.70%, 03/15/36 | &nbsp;&nbsp; 2429 | 2624278 |
| 5.70%, 03/15/37<sup>(c)</sup> | &nbsp;&nbsp; 2285 | 2471373 |
| Hubbell, Inc. |  |  |
| 2.30%, 03/15/31 | &nbsp;&nbsp; 1165 | 1075536 |
| 3.15%, 08/15/27 | &nbsp;&nbsp; 2577 | 2548403 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 3194 | 3173922 |
| 4.80%, 11/15/35 | &nbsp;&nbsp; 1305 | 1311487 |
| Jabil, Inc. |  |  |
| 3.00%, 01/15/31 | &nbsp;&nbsp; 3576 | 3353167 |
| 3.60%, 01/15/30 | &nbsp;&nbsp; 3021 | 2939737 |
| 3.95%, 01/12/28 | &nbsp;&nbsp; 3940 | 3932382 |
| 4.20%, 02/01/29 | &nbsp;&nbsp; 1750 | 1752518 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 4.25%, 05/15/27 | &nbsp;&nbsp; $2345 | $2353059 |
| 4.75%, 02/01/33 | &nbsp;&nbsp; 1340 | 1335435 |
| 5.45%, 02/01/29 | &nbsp;&nbsp; 1455 | 1507095 |
| Keysight Technologies, Inc. |  |  |
| 3.00%, 10/30/29 | &nbsp;&nbsp; 4679 | 4518931 |
| 4.60%, 04/06/27 | &nbsp;&nbsp; 5298 | 5326096 |
| 4.95%, 10/15/34 | &nbsp;&nbsp; 1155 | 1177827 |
| 5.35%, 07/30/30 | &nbsp;&nbsp; 1555 | 1629103 |
| TD SYNNEX Corp. |  |  |
| 2.38%, 08/09/28 | &nbsp;&nbsp; 3010 | 2882893 |
| 2.65%, 08/09/31 | &nbsp;&nbsp; 3541 | 3210770 |
| 4.30%, 01/17/29 | &nbsp;&nbsp; 2465 | 2465644 |
| 5.30%, 10/10/35 | &nbsp;&nbsp; 1825 | 1814890 |
| 6.10%, 04/12/34<sup>(c)</sup> | &nbsp;&nbsp; 1890 | 2001163 |
| Trimble, Inc. |  |  |
| 4.90%, 06/15/28 | &nbsp;&nbsp; 3649 | 3686533 |
| 6.10%, 03/15/33 | &nbsp;&nbsp; 1725 | 1840901 |
| Tyco Electronics Group SA |  |  |
| 2.50%, 02/04/32 | &nbsp;&nbsp; 2565 | 2334369 |
| 3.13%, 08/15/27 | &nbsp;&nbsp; 4130 | 4099183 |
| 4.50%, 02/09/31 | &nbsp;&nbsp; 3390 | 3449766 |
| 4.63%, 02/01/30 | &nbsp;&nbsp; 2345 | 2403743 |
| 4.88%, 02/09/36 | &nbsp;&nbsp; 1565 | 1588663 |
| 5.00%, 05/09/35 | &nbsp;&nbsp; 1440 | 1474299 |
| 7.13%, 10/01/37 | &nbsp;&nbsp; 2216 | 2647081 |
| Vontier Corp. |  |  |
| 2.40%, 04/01/28 | &nbsp;&nbsp; 3366 | 3250647 |
| 2.95%, 04/01/31 | &nbsp;&nbsp; 3174 | 2947631 |
|  |  | 264928831 |
| **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** |
| Jacobs Engineering Group, Inc. |  |  |
| 5.90%, 03/01/33 | &nbsp;&nbsp; 4005 | 4220985 |
| 6.35%, 08/18/28 | &nbsp;&nbsp; 4342 | 4561782 |
| Jacobs Solutions, Inc. |  |  |
| 4.75%, 03/03/31 | &nbsp;&nbsp; 2200 | 2202905 |
| 5.38%, 03/03/36 | &nbsp;&nbsp; 2200 | 2197385 |
| MasTec, Inc., 5.90%, 06/15/29 | &nbsp;&nbsp; 970 | 1018118 |
|  |  | 14201175 |
| **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
| Nature Conservancy (The), Series A, 3.96%, <br> 03/01/52<br>| &nbsp;&nbsp; 2193 | 1788494 |
| Republic Services, Inc. |  |  |
| 1.45%, 02/15/31 | &nbsp;&nbsp; 4163 | 3672217 |
| 1.75%, 02/15/32 | &nbsp;&nbsp; 3195 | 2790193 |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 3485 | 3268779 |
| 2.38%, 03/15/33 | &nbsp;&nbsp; 3885 | 3436059 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 3100 | 2136363 |
| 3.38%, 11/15/27 | &nbsp;&nbsp; 3330 | 3310316 |
| 3.95%, 05/15/28 | &nbsp;&nbsp; 4511 | 4524298 |
| 4.75%, 07/15/30 | &nbsp;&nbsp; 1680 | 1726441 |
| 4.88%, 04/01/29 | &nbsp;&nbsp; 3295 | 3385503 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 2430 | 2517920 |
| 5.00%, 12/15/33 | &nbsp;&nbsp; 2855 | 2972494 |
| 5.00%, 04/01/34 | &nbsp;&nbsp; 3415 | 3537952 |
| 5.15%, 03/15/35<sup>(c)</sup> | &nbsp;&nbsp; 1835 | 1913641 |
| 5.20%, 11/15/34 | &nbsp;&nbsp; 2235 | 2337583 |
| 5.70%, 05/15/41 | &nbsp;&nbsp; 2006 | 2141929 |
| 6.20%, 03/01/40 | &nbsp;&nbsp; 1075 | 1211986 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| Veralto Corp. |  |  |
| 5.35%, 09/18/28 | &nbsp;&nbsp; $3730 | $3850621 |
| 5.45%, 09/18/33 | &nbsp;&nbsp; 1980 | 2086035 |
| Waste Connections, Inc. |  |  |
| 2.20%, 01/15/32 | &nbsp;&nbsp; 3123 | 2800327 |
| 2.60%, 02/01/30 | &nbsp;&nbsp; 3297 | 3140288 |
| 2.95%, 01/15/52 | &nbsp;&nbsp; 2095 | 1383239 |
| 3.05%, 04/01/50 | &nbsp;&nbsp; 3431 | 2365882 |
| 3.20%, 06/01/32 | &nbsp;&nbsp; 2230 | 2105037 |
| 3.50%, 05/01/29 | &nbsp;&nbsp; 3006 | 2982459 |
| 4.20%, 01/15/33 | &nbsp;&nbsp; 3055 | 3018200 |
| 4.25%, 12/01/28 | &nbsp;&nbsp; 2997 | 3023886 |
| 5.00%, 03/01/34 | &nbsp;&nbsp; 3230 | 3334819 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 2725 | 2851361 |
| Waste Management, Inc. |  |  |
| 1.15%, 03/15/28 | &nbsp;&nbsp; 2520 | 2394241 |
| 1.50%, 03/15/31 | &nbsp;&nbsp; 3778 | 3346709 |
| 2.00%, 06/01/29<sup>(c)</sup> | &nbsp;&nbsp; 2755 | 2600249 |
| 2.50%, 11/15/50 | &nbsp;&nbsp; 2517 | 1557884 |
| 2.95%, 06/01/41 | &nbsp;&nbsp; 2895 | 2248831 |
| 3.15%, 11/15/27 | &nbsp;&nbsp; 4313 | 4276590 |
| 3.88%, 01/15/29 | &nbsp;&nbsp; 1010 | 1011442 |
| 4.10%, 03/01/45 | &nbsp;&nbsp; 1110 | 964566 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 3560 | 3563428 |
| 4.15%, 07/15/49 | &nbsp;&nbsp; 3212 | 2737106 |
| 4.50%, 03/15/28 | &nbsp;&nbsp; 4770 | 4841870 |
| 4.63%, 02/15/30 | &nbsp;&nbsp; 4130 | 4228008 |
| 4.63%, 02/15/33 | &nbsp;&nbsp; 2245 | 2296487 |
| 4.65%, 03/15/30 | &nbsp;&nbsp; 3625 | 3719054 |
| 4.80%, 03/15/32 | &nbsp;&nbsp; 4420 | 4573737 |
| 4.88%, 02/15/29 | &nbsp;&nbsp; 3855 | 3967916 |
| 4.88%, 02/15/34 | &nbsp;&nbsp; 5610 | 5807353 |
| 4.95%, 07/03/27 | &nbsp;&nbsp; 2320 | 2355499 |
| 4.95%, 07/03/31 | &nbsp;&nbsp; 2300 | 2399210 |
| 4.95%, 03/15/35 | &nbsp;&nbsp; 6685 | 6871198 |
| 5.35%, 10/15/54 | &nbsp;&nbsp; 5730 | 5651197 |
|  |  | 151026897 |
| **Food — 0.4%** | **Food — 0.4%** | **Food — 0.4%** |
| Ahold Finance USA LLC, 6.88%, 05/01/29 | &nbsp;&nbsp; 4496 | 4877932 |
| Campbell's Co. (The), 4.55%, 03/21/31 | &nbsp;&nbsp; 2560 | 2560909 |
| Campbell's Company/The |  |  |
| 2.38%, 04/24/30 | &nbsp;&nbsp; 3838 | 3554006 |
| 3.13%, 04/24/50 | &nbsp;&nbsp; 2365 | 1554445 |
| 4.15%, 03/15/28 | &nbsp;&nbsp; 5862 | 5878283 |
| 4.75%, 03/23/35 | &nbsp;&nbsp; 2995 | 2907628 |
| 4.80%, 03/15/48 | &nbsp;&nbsp; 3510 | 3039824 |
| 5.20%, 03/19/27 | &nbsp;&nbsp; 2665 | 2698799 |
| 5.20%, 03/21/29 | &nbsp;&nbsp; 2785 | 2864225 |
| 5.25%, 10/13/54 | &nbsp;&nbsp; 2020 | 1832956 |
| 5.40%, 03/21/34 | &nbsp;&nbsp; 3100 | 3169255 |
| Conagra Brands, Inc. |  |  |
| 1.38%, 11/01/27 | &nbsp;&nbsp; 5213 | 4989533 |
| 4.85%, 11/01/28 | &nbsp;&nbsp; 5100 | 5171569 |
| 5.00%, 08/01/30 | &nbsp;&nbsp; 2725 | 2779307 |
| 5.30%, 11/01/38 | &nbsp;&nbsp; 5371 | 5170526 |
| 5.40%, 11/01/48 | &nbsp;&nbsp; 4928 | 4416121 |
| 5.75%, 08/01/35<sup>(c)</sup> | &nbsp;&nbsp; 2345 | 2420068 |
| 7.00%, 10/01/28 | &nbsp;&nbsp; 3619 | 3870505 |
| 8.25%, 09/15/30 | &nbsp;&nbsp; 1962 | 2256542 |
| Flowers Foods, Inc. |  |  |
| 2.40%, 03/15/31 | &nbsp;&nbsp; 2860 | 2512306 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 5.75%, 03/15/35<sup>(c)</sup> | &nbsp;&nbsp; $1550 | $1534086 |
| 6.20%, 03/15/55 | &nbsp;&nbsp; 1350 | 1160576 |
| General Mills, Inc. |  |  |
| 2.25%, 10/14/31 | &nbsp;&nbsp; 3442 | 3086735 |
| 2.88%, 04/15/30 | &nbsp;&nbsp; 3804 | 3616345 |
| 3.00%, 02/01/51 | &nbsp;&nbsp; 2154 | 1407922 |
| 4.15%, 02/15/43 | &nbsp;&nbsp; 1340 | 1136011 |
| 4.20%, 04/17/28 | &nbsp;&nbsp; 8133 | 8163177 |
| 4.70%, 04/17/48<sup>(c)</sup> | &nbsp;&nbsp; 2360 | 2097967 |
| 4.88%, 01/30/30 | &nbsp;&nbsp; 4140 | 4247138 |
| 4.95%, 03/29/33 | &nbsp;&nbsp; 4646 | 4747226 |
| 5.25%, 01/30/35<sup>(c)</sup> | &nbsp;&nbsp; 2650 | 2719763 |
| 5.40%, 06/15/40 | &nbsp;&nbsp; 2457 | 2504556 |
| 5.50%, 10/17/28 | &nbsp;&nbsp; 2265 | 2349248 |
| Hershey Co.(The) |  |  |
| 1.70%, 06/01/30 | &nbsp;&nbsp; 2577 | 2353245 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 2698 | 2566513 |
| 2.65%, 06/01/50 | &nbsp;&nbsp; 1125 | 717896 |
| 3.13%, 11/15/49 | &nbsp;&nbsp; 2254 | 1599089 |
| 3.38%, 08/15/46 | &nbsp;&nbsp; 1715 | 1308367 |
| 4.25%, 05/04/28 | &nbsp;&nbsp; 2315 | 2338794 |
| 4.50%, 05/04/33 | &nbsp;&nbsp; 2095 | 2132270 |
| 4.55%, 02/24/28 | &nbsp;&nbsp; 1685 | 1713421 |
| 4.75%, 02/24/30 | &nbsp;&nbsp; 2740 | 2826984 |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 2375 | 2482448 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 2400 | 2518543 |
| Hormel Foods Corp. |  |  |
| 1.70%, 06/03/28 | &nbsp;&nbsp; 5950 | 5683429 |
| 1.80%, 06/11/30 | &nbsp;&nbsp; 3907 | 3565801 |
| 3.05%, 06/03/51 | &nbsp;&nbsp; 2900 | 1944018 |
| 4.80%, 03/30/27 | &nbsp;&nbsp; 4190 | 4230496 |
| Ingredion, Inc. |  |  |
| 2.90%, 06/01/30 | &nbsp;&nbsp; 3894 | 3717367 |
| 3.90%, 06/01/50 | &nbsp;&nbsp; 2500 | 1957936 |
| J M Smucker Co.(The) |  |  |
| 2.13%, 03/15/32 | &nbsp;&nbsp; 2430 | 2134092 |
| 2.38%, 03/15/30 | &nbsp;&nbsp; 3180 | 2978351 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 4255 | 4217955 |
| 4.25%, 03/15/35 | &nbsp;&nbsp; 3222 | 3086310 |
| 4.38%, 03/15/45 | &nbsp;&nbsp; 3576 | 3100291 |
| 5.90%, 11/15/28 | &nbsp;&nbsp; 4425 | 4638428 |
| 6.20%, 11/15/33<sup>(c)</sup> | &nbsp;&nbsp; 4565 | 5003183 |
| 6.50%, 11/15/43 | &nbsp;&nbsp; 4340 | 4731893 |
| 6.50%, 11/15/53<sup>(c)</sup> | &nbsp;&nbsp; 3150 | 3462093 |
| JBS NV/JBS USA Foods Group Holdings, <br> Inc./JBS USA Food Co. Holdings<br>|  |  |
| 5.50%, 01/15/36 | &nbsp;&nbsp; 5050 | 5185876 |
| 5.95%, 04/20/35 | &nbsp;&nbsp; 3880 | 4118859 |
| 6.25%, 03/01/56 | &nbsp;&nbsp; 6070 | 6204513 |
| 6.38%, 02/25/55 | &nbsp;&nbsp; 2690 | 2797749 |
| 6.38%, 04/15/66 | &nbsp;&nbsp; 5100 | 5205075 |
| JBS USA Holding Lux Sarl/JBS USA Foods <br> Group Holdings, Inc./JBS USA Food Co.<br>|  |  |
| 3.00%, 02/02/29 | &nbsp;&nbsp; 1400 | 1359730 |
| 3.00%, 05/15/32 | &nbsp;&nbsp; 4766 | 4338418 |
| 3.63%, 01/15/32 | &nbsp;&nbsp; 2625 | 2485704 |
| 3.75%, 12/01/31 | &nbsp;&nbsp; 2575 | 2460236 |
| 4.38%, 02/02/52 | &nbsp;&nbsp; 4130 | 3256653 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 7554 | 7938991 |
| 6.50%, 12/01/52 | &nbsp;&nbsp; 7474 | 7885269 |
| 6.75%, 03/15/34 | &nbsp;&nbsp; 7410 | 8253528 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 7.25%, 11/15/53 | &nbsp;&nbsp; $4530 | $5176215 |
| Kellanova |  |  |
| 2.10%, 06/01/30 | &nbsp;&nbsp; 2490 | 2307466 |
| 3.40%, 11/15/27 | &nbsp;&nbsp; 3407 | 3387704 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 3549 | 3581606 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 2989 | 2689040 |
| 5.25%, 03/01/33 | &nbsp;&nbsp; 1455 | 1528016 |
| 5.75%, 05/16/54 | &nbsp;&nbsp; 1680 | 1718980 |
| Series B, 7.45%, 04/01/31 | &nbsp;&nbsp; 3822 | 4402921 |
| Koninklijke Ahold Delhaize NV, 5.70%, <br> 10/01/40<br>| &nbsp;&nbsp; 1955 | 2067926 |
| Kraft Heinz Foods Co. |  |  |
| 3.75%, 04/01/30 | &nbsp;&nbsp; 4195 | 4130996 |
| 3.88%, 05/15/27 | &nbsp;&nbsp; 7715 | 7700354 |
| 4.25%, 03/01/31 | &nbsp;&nbsp; 2537 | 2534257 |
| 4.38%, 06/01/46 | &nbsp;&nbsp; 12395 | 10169747 |
| 4.63%, 01/30/29 | &nbsp;&nbsp; 2080 | 2114057 |
| 4.63%, 10/01/39 | &nbsp;&nbsp; 2185 | 1996678 |
| 4.88%, 10/01/49 | &nbsp;&nbsp; 6965 | 6003870 |
| 5.00%, 07/15/35 | &nbsp;&nbsp; 3275 | 3280217 |
| 5.00%, 06/04/42 | &nbsp;&nbsp; 6576 | 6035401 |
| 5.20%, 03/15/32 | &nbsp;&nbsp; 2285 | 2367140 |
| 5.20%, 07/15/45 | &nbsp;&nbsp; 7280 | 6663243 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 2335 | 2408507 |
| 5.50%, 06/01/50 | &nbsp;&nbsp; 3460 | 3228182 |
| 6.50%, 02/09/40<sup>(c)</sup> | &nbsp;&nbsp; 3150 | 3415472 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 1985 | 2212337 |
| 6.88%, 01/26/39 | &nbsp;&nbsp; 3835 | 4312292 |
| Kroger Co.(The) |  |  |
| 1.70%, 01/15/31 | &nbsp;&nbsp; 2675 | 2381407 |
| 2.20%, 05/01/30 | &nbsp;&nbsp; 2533 | 2358445 |
| 3.70%, 08/01/27 | &nbsp;&nbsp; 4960 | 4950643 |
| 3.88%, 10/15/46 | &nbsp;&nbsp; 2776 | 2192719 |
| 3.95%, 01/15/50 | &nbsp;&nbsp; 4061 | 3150309 |
| 4.45%, 02/01/47 | &nbsp;&nbsp; 5016 | 4285126 |
| 4.50%, 01/15/29 | &nbsp;&nbsp; 4646 | 4724250 |
| 4.65%, 01/15/48 | &nbsp;&nbsp; 2774 | 2432855 |
| 5.00%, 09/15/34 | &nbsp;&nbsp; 9620 | 9774711 |
| 5.00%, 04/15/42 | &nbsp;&nbsp; 2221 | 2120223 |
| 5.15%, 08/01/43 | &nbsp;&nbsp; 2580 | 2493335 |
| 5.40%, 07/15/40 | &nbsp;&nbsp; 1963 | 1993469 |
| 5.40%, 01/15/49 | &nbsp;&nbsp; 3152 | 3050876 |
| 5.50%, 09/15/54 | &nbsp;&nbsp; 6555 | 6324905 |
| 5.65%, 09/15/64 | &nbsp;&nbsp; 6475 | 6261317 |
| 6.90%, 04/15/38 | &nbsp;&nbsp; 2755 | 3215896 |
| 7.50%, 04/01/31 | &nbsp;&nbsp; 2278 | 2616028 |
| McCormick & Co., Inc./MD |  |  |
| 1.85%, 02/15/31 | &nbsp;&nbsp; 3193 | 2852367 |
| 2.50%, 04/15/30 | &nbsp;&nbsp; 3110 | 2917383 |
| 3.40%, 08/15/27 | &nbsp;&nbsp; 5560 | 5533213 |
| 4.15%, 02/15/29 | &nbsp;&nbsp; 1645 | 1656317 |
| 4.20%, 08/15/47 | &nbsp;&nbsp; 2120 | 1765954 |
| 4.70%, 10/15/34 | &nbsp;&nbsp; 2110 | 2108467 |
| 4.95%, 04/15/33 | &nbsp;&nbsp; 3265 | 3347613 |
| Mondelez International, Inc. |  |  |
| 1.50%, 02/04/31 | &nbsp;&nbsp; 3316 | 2920051 |
| 1.88%, 10/15/32<sup>(c)</sup> | &nbsp;&nbsp; 3429 | 2978142 |
| 2.63%, 03/17/27 | &nbsp;&nbsp; 3310 | 3268855 |
| 2.63%, 09/04/50 | &nbsp;&nbsp; 5600 | 3417165 |
| 2.75%, 04/13/30 | &nbsp;&nbsp; 4383 | 4156306 |
| 3.00%, 03/17/32 | &nbsp;&nbsp; 1405 | 1303357 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 4.13%, 05/07/28 | &nbsp;&nbsp; $2025 | $2031441 |
| 4.25%, 05/06/28 | &nbsp;&nbsp; 1870 | 1882936 |
| 4.50%, 05/06/30 | &nbsp;&nbsp; 1950 | 1978808 |
| 4.75%, 02/20/29 | &nbsp;&nbsp; 3000 | 3069053 |
| 4.75%, 08/28/34<sup>(c)</sup> | &nbsp;&nbsp; 2840 | 2860479 |
| 5.13%, 05/06/35 | &nbsp;&nbsp; 1610 | 1661498 |
| Pilgrim's Pride Corp. |  |  |
| 3.50%, 03/01/32 | &nbsp;&nbsp; 5485 | 5118184 |
| 4.25%, 04/15/31 | &nbsp;&nbsp; 6310 | 6187156 |
| 6.25%, 07/01/33 | &nbsp;&nbsp; 4880 | 5256646 |
| 6.88%, 05/15/34 | &nbsp;&nbsp; 3440 | 3854558 |
| Sysco Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 2734 | 2570708 |
| 2.45%, 12/14/31 | &nbsp;&nbsp; 2590 | 2350329 |
| 3.15%, 12/14/51 | &nbsp;&nbsp; 1875 | 1268752 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 5415 | 5373078 |
| 3.30%, 02/15/50 | &nbsp;&nbsp; 2319 | 1645535 |
| 4.40%, 07/25/31 | &nbsp;&nbsp; 1980 | 1987147 |
| 4.45%, 03/15/48 | &nbsp;&nbsp; 2473 | 2122071 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 2695 | 2350401 |
| 4.85%, 10/01/45 | &nbsp;&nbsp; 2925 | 2667583 |
| 4.95%, 03/25/36 | &nbsp;&nbsp; 1970 | 1974569 |
| 5.10%, 09/23/30 | &nbsp;&nbsp; 4960 | 5148032 |
| 5.38%, 09/21/35 | &nbsp;&nbsp; 2354 | 2453726 |
| 5.40%, 03/23/35 | &nbsp;&nbsp; 2320 | 2422805 |
| 5.75%, 01/17/29 | &nbsp;&nbsp; 3420 | 3585319 |
| 5.95%, 04/01/30 | &nbsp;&nbsp; 4633 | 4929720 |
| 6.00%, 01/17/34 | &nbsp;&nbsp; 2616 | 2851995 |
| 6.60%, 04/01/40 | &nbsp;&nbsp; 1615 | 1826864 |
| 6.60%, 04/01/50 | &nbsp;&nbsp; 5767 | 6456246 |
| Tyson Foods, Inc. |  |  |
| 3.55%, 06/02/27 | &nbsp;&nbsp; 8124 | 8086078 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 5269 | 5314455 |
| 4.55%, 06/02/47 | &nbsp;&nbsp; 3261 | 2860183 |
| 4.88%, 08/15/34 | &nbsp;&nbsp; 3086 | 3123269 |
| 4.95%, 02/20/36 | &nbsp;&nbsp; 1650 | 1661090 |
| 5.10%, 09/28/48 | &nbsp;&nbsp; 6945 | 6538679 |
| 5.15%, 08/15/44 | &nbsp;&nbsp; 2696 | 2591305 |
| 5.40%, 03/15/29 | &nbsp;&nbsp; 3560 | 3691767 |
| 5.70%, 03/15/34<sup>(c)</sup> | &nbsp;&nbsp; 3580 | 3810013 |
|  |  | 569342109 |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| Celulosa Arauco y Constitucion SA |  |  |
| 3.88%, 11/02/27 | &nbsp;&nbsp; 2878 | 2851038 |
| 5.50%, 11/02/47 | &nbsp;&nbsp; 1850 | 1664893 |
| Georgia-Pacific LLC |  |  |
| 7.75%, 11/15/29 | &nbsp;&nbsp; 3773 | 4264468 |
| 8.88%, 05/15/31 | &nbsp;&nbsp; 2385 | 2904657 |
| International Paper Co. |  |  |
| 4.35%, 08/15/48 | &nbsp;&nbsp; 3576 | 2930790 |
| 4.40%, 08/15/47 | &nbsp;&nbsp; 2903 | 2414718 |
| 4.80%, 06/15/44 | &nbsp;&nbsp; 3140 | 2794296 |
| 5.00%, 09/15/35 | &nbsp;&nbsp; 2345 | 2367295 |
| 5.15%, 05/15/46 | &nbsp;&nbsp; 2180 | 2018773 |
| 6.00%, 11/15/41 | &nbsp;&nbsp; 2911 | 3023152 |
| 7.30%, 11/15/39 | &nbsp;&nbsp; 1410 | 1657225 |
| Suzano Austria GmbH |  |  |
| 2.50%, 09/15/28 | &nbsp;&nbsp; 2644 | 2530527 |
| 3.13%, 01/15/32<sup>(c)</sup> | &nbsp;&nbsp; 4867 | 4416889 |
| 3.75%, 01/15/31 | &nbsp;&nbsp; 4476 | 4268547 |
| 5.00%, 01/15/30 | &nbsp;&nbsp; 4776 | 4801610 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Forest Products & Paper (continued)** | **Forest Products & Paper (continued)** | **Forest Products & Paper (continued)** |
| 6.00%, 01/15/29 | &nbsp;&nbsp; $8692 | $9012844 |
| Suzano Netherlands BV, 5.50%, 01/15/36 | &nbsp;&nbsp; 2130 | 2145958 |
|  |  | 56067680 |
| **Gas — 0.2%** | **Gas — 0.2%** | **Gas — 0.2%** |
| Atmos Energy Corp. |  |  |
| 1.50%, 01/15/31 | &nbsp;&nbsp; 2840 | 2527335 |
| 2.63%, 09/15/29 | &nbsp;&nbsp; 2991 | 2871835 |
| 2.85%, 02/15/52 | &nbsp;&nbsp; 3008 | 1934872 |
| 3.00%, 06/15/27 | &nbsp;&nbsp; 3415 | 3387456 |
| 3.38%, 09/15/49 | &nbsp;&nbsp; 3372 | 2418459 |
| 4.13%, 10/15/44 | &nbsp;&nbsp; 3491 | 2999081 |
| 4.13%, 03/15/49 | &nbsp;&nbsp; 3199 | 2631715 |
| 4.15%, 01/15/43 | &nbsp;&nbsp; 3164 | 2770637 |
| 4.30%, 10/01/48 | &nbsp;&nbsp; 2418 | 2046010 |
| 5.00%, 12/15/54 | &nbsp;&nbsp; 1435 | 1321564 |
| 5.20%, 08/15/35<sup>(c)</sup> | &nbsp;&nbsp; 1795 | 1873765 |
| 5.45%, 10/15/32 | &nbsp;&nbsp; 635 | 678848 |
| 5.45%, 01/15/56 | &nbsp;&nbsp; 3000 | 2959908 |
| 5.50%, 06/15/41 | &nbsp;&nbsp; 2686 | 2785905 |
| 5.75%, 10/15/52 | &nbsp;&nbsp; 2565 | 2633162 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 3585 | 3917597 |
| 6.20%, 11/15/53 | &nbsp;&nbsp; 1815 | 2000843 |
| CenterPoint Energy Resources Corp. |  |  |
| 1.75%, 10/01/30 | &nbsp;&nbsp; 3280 | 2957287 |
| 4.00%, 04/01/28 | &nbsp;&nbsp; 2133 | 2137196 |
| 4.40%, 07/01/32 | &nbsp;&nbsp; 2205 | 2215047 |
| 5.25%, 03/01/28 | &nbsp;&nbsp; 5327 | 5467601 |
| 5.40%, 07/01/34 | &nbsp;&nbsp; 1645 | 1718871 |
| 5.85%, 01/15/41 | &nbsp;&nbsp; 1478 | 1562462 |
| National Fuel Gas Co. |  |  |
| 2.95%, 03/01/31 | &nbsp;&nbsp; 1985 | 1842384 |
| 3.95%, 09/15/27 | &nbsp;&nbsp; 1239 | 1236484 |
| 4.75%, 09/01/28<sup>(c)</sup> | &nbsp;&nbsp; 2253 | 2285672 |
| 5.50%, 03/15/30 | &nbsp;&nbsp; 1555 | 1618884 |
| 5.95%, 03/15/35 | &nbsp;&nbsp; 1115 | 1188088 |
| NiSource, Inc. |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 5250 | 4654254 |
| 2.95%, 09/01/29 | &nbsp;&nbsp; 4474 | 4320861 |
| 3.49%, 05/15/27 | &nbsp;&nbsp; 5264 | 5236867 |
| 3.60%, 05/01/30 | &nbsp;&nbsp; 5283 | 5183354 |
| 3.95%, 03/30/48 | &nbsp;&nbsp; 3576 | 2818882 |
| 4.38%, 05/15/47 | &nbsp;&nbsp; 4696 | 3969974 |
| 4.80%, 02/15/44 | &nbsp;&nbsp; 3474 | 3167181 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 2280 | 2021891 |
| 5.20%, 07/01/29 | &nbsp;&nbsp; 2830 | 2928856 |
| 5.25%, 03/30/28 | &nbsp;&nbsp; 3841 | 3936803 |
| 5.25%, 02/15/43 | &nbsp;&nbsp; 2399 | 2332145 |
| 5.35%, 04/01/34 | &nbsp;&nbsp; 3130 | 3266964 |
| 5.35%, 07/15/35 | &nbsp;&nbsp; 4510 | 4657147 |
| 5.40%, 06/30/33 | &nbsp;&nbsp; 2123 | 2223851 |
| 5.65%, 02/01/45 | &nbsp;&nbsp; 2632 | 2653090 |
| 5.75%, 07/15/56, (5-year CMT + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 1660 | 1670576 |
| 5.85%, 04/01/55 | &nbsp;&nbsp; 6275 | 6330405 |
| 5.95%, 06/15/41 | &nbsp;&nbsp; 1895 | 1982216 |
| 6.95%, 11/30/54, (5-year CMT + 2.45%)<sup>(a)</sup> | &nbsp;&nbsp; 1210 | 1264524 |
| ONE Gas, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 1757 | 1621401 |
| 4.25%, 09/01/32 | &nbsp;&nbsp; 1055 | 1055944 |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 2070 | 1835439 |
| 4.66%, 02/01/44 | &nbsp;&nbsp; 2148 | 1963085 |
| 5.10%, 04/01/29 | &nbsp;&nbsp; 2975 | 3074349 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| Piedmont Natural Gas Co., Inc. |  |  |
| 2.50%, 03/15/31 | &nbsp;&nbsp; $2310 | $2129024 |
| 3.35%, 06/01/50 | &nbsp;&nbsp; 2275 | 1582059 |
| 3.50%, 06/01/29 | &nbsp;&nbsp; 3374 | 3328664 |
| 3.64%, 11/01/46 | &nbsp;&nbsp; 2032 | 1562951 |
| 4.65%, 08/01/43 | &nbsp;&nbsp; 1875 | 1691442 |
| 5.05%, 05/15/52 | &nbsp;&nbsp; 2078 | 1896054 |
| 5.10%, 02/15/35 | &nbsp;&nbsp; 1465 | 1500076 |
| 5.40%, 06/15/33 | &nbsp;&nbsp; 2034 | 2137810 |
| Southern California Gas Co. |  |  |
| 2.95%, 04/15/27 | &nbsp;&nbsp; 4415 | 4373191 |
| 3.75%, 09/15/42 | &nbsp;&nbsp; 1645 | 1333408 |
| 5.05%, 09/01/34 | &nbsp;&nbsp; 3670 | 3772325 |
| 5.13%, 11/15/40 | &nbsp;&nbsp; 1515 | 1500649 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 2990 | 3111733 |
| 5.45%, 06/15/35 | &nbsp;&nbsp; 4575 | 4812219 |
| 5.60%, 04/01/54 | &nbsp;&nbsp; 2405 | 2362279 |
| 5.75%, 06/01/53 | &nbsp;&nbsp; 2420 | 2431914 |
| 6.00%, 06/15/55 | &nbsp;&nbsp; 3709 | 3843112 |
| 6.35%, 11/15/52<sup>(c)</sup> | &nbsp;&nbsp; 2750 | 2995845 |
| Series UU, 4.13%, 06/01/48 | &nbsp;&nbsp; 2044 | 1630857 |
| Series VV, 4.30%, 01/15/49 | &nbsp;&nbsp; 2700 | 2223797 |
| Series WW, 3.95%, 02/15/50 | &nbsp;&nbsp; 1657 | 1265856 |
| Series XX, 2.55%, 02/01/30 | &nbsp;&nbsp; 4358 | 4135016 |
| Southern Co. Gas Capital Corp. |  |  |
| 3.95%, 10/01/46 | &nbsp;&nbsp; 2827 | 2258952 |
| 4.40%, 06/01/43 | &nbsp;&nbsp; 2430 | 2131848 |
| 4.40%, 05/30/47 | &nbsp;&nbsp; 2458 | 2094538 |
| 4.95%, 09/15/34 | &nbsp;&nbsp; 2035 | 2066567 |
| 5.15%, 09/15/32 | &nbsp;&nbsp; 2885 | 2990567 |
| 5.75%, 09/15/33 | &nbsp;&nbsp; 2968 | 3167217 |
| 5.88%, 03/15/41 | &nbsp;&nbsp; 3100 | 3257640 |
| Series 2020-A, 1.75%, 01/15/31 | &nbsp;&nbsp; 3139 | 2807759 |
| Series 21A, 3.15%, 09/30/51 | &nbsp;&nbsp; 2145 | 1421454 |
| Series A, 4.05%, 09/15/28 | &nbsp;&nbsp; 1000 | 1002759 |
| Series B, 5.10%, 09/15/35 | &nbsp;&nbsp; 1275 | 1298124 |
| Southwest Gas Corp. |  |  |
| 2.20%, 06/15/30 | &nbsp;&nbsp; 1837 | 1696116 |
| 3.18%, 08/15/51 | &nbsp;&nbsp; 2075 | 1408417 |
| 3.70%, 04/01/28 | &nbsp;&nbsp; 1783 | 1774042 |
| 3.80%, 09/29/46 | &nbsp;&nbsp; 1451 | 1134341 |
| 4.05%, 03/15/32 | &nbsp;&nbsp; 2712 | 2654458 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 1604 | 1280834 |
| 5.45%, 03/23/28 | &nbsp;&nbsp; 2010 | 2065216 |
| 5.80%, 12/01/27 | &nbsp;&nbsp; 1970 | 2027967 |
| Spire Missouri, Inc. |  |  |
| 3.30%, 06/01/51 | &nbsp;&nbsp; 1010 | 704717 |
| 4.80%, 02/15/33 | &nbsp;&nbsp; 1520 | 1554466 |
| Series 2034, 5.15%, 08/15/34 | &nbsp;&nbsp; 1530 | 1583826 |
| Spire, Inc., 4.60%, 09/01/31 | &nbsp;&nbsp; 900 | 906986 |
| Washington Gas Light Co. |  |  |
| 3.65%, 09/15/49 | &nbsp;&nbsp; 2635 | 1963127 |
| Series K, 3.80%, 09/15/46 | &nbsp;&nbsp; 2436 | 1941393 |
|  |  | 242972639 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Kennametal, Inc. |  |  |
| 2.80%, 03/01/31 | &nbsp;&nbsp; 1645 | 1531261 |
| 4.63%, 06/15/28 | &nbsp;&nbsp; 1280 | 1294748 |
| Snap-on, Inc. |  |  |
| 3.10%, 05/01/50 | &nbsp;&nbsp; 2834 | 1955105 |
| 3.25%, 03/01/27 | &nbsp;&nbsp; 2375 | 2362117 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Hand & Machine Tools (continued)** | **Hand & Machine Tools (continued)** | **Hand & Machine Tools (continued)** |
| 4.10%, 03/01/48 | &nbsp;&nbsp; $1785 | $1483811 |
| Stanley Black & Decker, Inc. |  |  |
| 2.30%, 03/15/30 | &nbsp;&nbsp; 4430 | 4107830 |
| 2.75%, 11/15/50 | &nbsp;&nbsp; 4115 | 2487777 |
| 3.00%, 05/15/32 | &nbsp;&nbsp; 2197 | 2019927 |
| 4.25%, 11/15/28 | &nbsp;&nbsp; 2346 | 2355989 |
| 4.85%, 11/15/48 | &nbsp;&nbsp; 2567 | 2282410 |
| 5.20%, 09/01/40 | &nbsp;&nbsp; 1528 | 1497051 |
| 6.00%, 03/06/28 | &nbsp;&nbsp; 3595 | 3729506 |
|  |  | 27107532 |
| **Health Care - Products — 0.3%** | **Health Care - Products — 0.3%** | **Health Care - Products — 0.3%** |
| Abbott Laboratories |  |  |
| 1.15%, 01/30/28 | &nbsp;&nbsp; 5579 | 5331816 |
| 1.40%, 06/30/30 | &nbsp;&nbsp; 4838 | 4366543 |
| 3.70%, 03/09/29 | &nbsp;&nbsp; 11050 | 11053031 |
| 4.00%, 03/15/31 | &nbsp;&nbsp; 12600 | 12591194 |
| 4.30%, 03/15/33 | &nbsp;&nbsp; 12600 | 12588487 |
| 4.65%, 03/15/36 | &nbsp;&nbsp; 13600 | 13592444 |
| 4.75%, 11/30/36 | &nbsp;&nbsp; 4983 | 5024245 |
| 4.75%, 03/15/38 | &nbsp;&nbsp; 12600 | 12555921 |
| 4.75%, 04/15/43 | &nbsp;&nbsp; 3205 | 3048272 |
| 4.90%, 11/30/46 | &nbsp;&nbsp; 14137 | 13398489 |
| 5.30%, 05/27/40 | &nbsp;&nbsp; 4695 | 4883470 |
| 5.50%, 03/15/56 | &nbsp;&nbsp; 12600 | 12648003 |
| 5.60%, 03/15/66 | &nbsp;&nbsp; 12600 | 12612132 |
| 6.00%, 04/01/39 | &nbsp;&nbsp; 2830 | 3139678 |
| 6.15%, 11/30/37 | &nbsp;&nbsp; 3460 | 3895519 |
| Agilent Technologies, Inc. |  |  |
| 2.10%, 06/04/30 | &nbsp;&nbsp; 3166 | 2919048 |
| 2.30%, 03/12/31 | &nbsp;&nbsp; 4789 | 4374566 |
| 2.75%, 09/15/29 | &nbsp;&nbsp; 3544 | 3398481 |
| 4.20%, 09/09/27 | &nbsp;&nbsp; 2330 | 2340068 |
| 4.75%, 09/09/34 | &nbsp;&nbsp; 2610 | 2629943 |
| Baxter International, Inc. |  |  |
| 1.73%, 04/01/31 | &nbsp;&nbsp; 5445 | 4693093 |
| 2.27%, 12/01/28 | &nbsp;&nbsp; 6555 | 6198464 |
| 2.54%, 02/01/32 | &nbsp;&nbsp; 4945 | 4317505 |
| 3.13%, 12/01/51 | &nbsp;&nbsp; 3937 | 2451846 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 2538 | 1794137 |
| 3.95%, 04/01/30 | &nbsp;&nbsp; 3610 | 3529897 |
| 4.45%, 02/15/29 | &nbsp;&nbsp; 735 | 738283 |
| 4.90%, 12/15/30 | &nbsp;&nbsp; 2995 | 3012361 |
| 5.65%, 12/15/35 | &nbsp;&nbsp; 3265 | 3320693 |
| Boston Scientific Corp. |  |  |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 6581 | 6226246 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 3880 | 3895700 |
| 4.55%, 03/01/39 | &nbsp;&nbsp; 2468 | 2398621 |
| 4.70%, 03/01/49<sup>(c)</sup> | &nbsp;&nbsp; 3264 | 2999293 |
| 6.25%, 11/15/35 | &nbsp;&nbsp; 1888 | 2141085 |
| 7.38%, 01/15/40 | &nbsp;&nbsp; 1656 | 2032705 |
| Danaher Corp. |  |  |
| 2.60%, 10/01/50 | &nbsp;&nbsp; 4843 | 2990749 |
| 2.80%, 12/10/51 | &nbsp;&nbsp; 4445 | 2839603 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 2578 | 2277555 |
| Dentsply Sirona, Inc., 3.25%, 06/01/30 | &nbsp;&nbsp; 4153 | 3895854 |
| DH Europe Finance II SARL |  |  |
| 2.60%, 11/15/29 | &nbsp;&nbsp; 5966 | 5688650 |
| 3.25%, 11/15/39 | &nbsp;&nbsp; 4087 | 3378105 |
| 3.40%, 11/15/49 | &nbsp;&nbsp; 3839 | 2790211 |
| Edwards Lifesciences Corp., 4.30%, 06/15/28 | &nbsp;&nbsp; 4706 | 4734168 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| GE HealthCare Technologies, Inc. |  |  |
| 4.15%, 12/15/28 | &nbsp;&nbsp; $2280 | $2289932 |
| 4.80%, 08/14/29 | &nbsp;&nbsp; 5035 | 5159920 |
| 4.80%, 01/15/31 | &nbsp;&nbsp; 2315 | 2371334 |
| 4.95%, 12/15/35 | &nbsp;&nbsp; 1875 | 1885470 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 2185 | 2288334 |
| 5.65%, 11/15/27 | &nbsp;&nbsp; 9735 | 10001908 |
| 5.86%, 03/15/30 | &nbsp;&nbsp; 6105 | 6483399 |
| 5.91%, 11/22/32 | &nbsp;&nbsp; 3915 | 4235324 |
| 6.38%, 11/22/52 | &nbsp;&nbsp; 5198 | 5705990 |
| Koninklijke Philips NV |  |  |
| 5.00%, 03/15/42 | &nbsp;&nbsp; 2757 | 2616509 |
| 6.88%, 03/11/38 | &nbsp;&nbsp; 3295 | 3756642 |
| Medtronic Global Holdings SCA |  |  |
| 4.25%, 03/30/28 | &nbsp;&nbsp; 6200 | 6260061 |
| 4.50%, 03/30/33 | &nbsp;&nbsp; 4475 | 4517458 |
| Medtronic, Inc. |  |  |
| 4.00%, 04/01/43 | &nbsp;&nbsp; 100 | 86604 |
| 4.38%, 03/15/35 | &nbsp;&nbsp; 9070 | 8970871 |
| 4.63%, 03/15/45 | &nbsp;&nbsp; 8877 | 8228124 |
| Revvity, Inc. |  |  |
| 1.90%, 09/15/28 | &nbsp;&nbsp; 3388 | 3208441 |
| 2.25%, 09/15/31 | &nbsp;&nbsp; 2835 | 2522006 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 2130 | 1948324 |
| 3.30%, 09/15/29 | &nbsp;&nbsp; 4196 | 4068666 |
| 3.63%, 03/15/51 | &nbsp;&nbsp; 1940 | 1421519 |
| Smith & Nephew PLC |  |  |
| 2.03%, 10/14/30 | &nbsp;&nbsp; 6105 | 5537765 |
| 5.15%, 03/20/27 | &nbsp;&nbsp; 1865 | 1886416 |
| 5.40%, 03/20/34 | &nbsp;&nbsp; 3155 | 3283474 |
| Solventum Corp. |  |  |
| 5.40%, 03/01/29 | &nbsp;&nbsp; 4268 | 4427196 |
| 5.45%, 03/13/31 | &nbsp;&nbsp; 5350 | 5608877 |
| 5.60%, 03/23/34 | &nbsp;&nbsp; 6650 | 6947634 |
| 5.90%, 04/30/54 | &nbsp;&nbsp; 6490 | 6488605 |
| STERIS Irish FinCo UnLtd Co. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 3076 | 2856421 |
| 3.75%, 03/15/51 | &nbsp;&nbsp; 3950 | 3012125 |
| Stryker Corp. |  |  |
| 1.95%, 06/15/30 | &nbsp;&nbsp; 6228 | 5715104 |
| 2.90%, 06/15/50 | &nbsp;&nbsp; 2301 | 1526986 |
| 3.65%, 03/07/28 | &nbsp;&nbsp; 4542 | 4527722 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 2093 | 1806329 |
| 4.25%, 09/11/29 | &nbsp;&nbsp; 3180 | 3213970 |
| 4.38%, 05/15/44 | &nbsp;&nbsp; 2453 | 2163771 |
| 4.63%, 09/11/34 | &nbsp;&nbsp; 2760 | 2767563 |
| 4.63%, 03/15/46 | &nbsp;&nbsp; 4805 | 4339491 |
| 4.70%, 02/10/28 | &nbsp;&nbsp; 3645 | 3698821 |
| 4.85%, 12/08/28 | &nbsp;&nbsp; 3930 | 4032054 |
| 4.85%, 02/10/30 | &nbsp;&nbsp; 3415 | 3519293 |
| 5.20%, 02/10/35 | &nbsp;&nbsp; 3700 | 3838372 |
| Thermo Fisher Scientific, Inc. |  |  |
| 1.75%, 10/15/28 | &nbsp;&nbsp; 3800 | 3611451 |
| 2.00%, 10/15/31 | &nbsp;&nbsp; 5865 | 5270387 |
| 2.60%, 10/01/29 | &nbsp;&nbsp; 5039 | 4824560 |
| 2.80%, 10/15/41 | &nbsp;&nbsp; 5195 | 3899172 |
| 4.10%, 08/15/47 | &nbsp;&nbsp; 2819 | 2380981 |
| 4.20%, 03/01/31 | &nbsp;&nbsp; 2725 | 2745056 |
| 4.22%, 02/12/31 | &nbsp;&nbsp; 1220 | 1229792 |
| 4.47%, 10/07/32 | &nbsp;&nbsp; 2490 | 2517079 |
| 4.55%, 06/15/33 | &nbsp;&nbsp; 3525 | 3566110 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| 4.79%, 10/07/35 | &nbsp;&nbsp; $2490 | $2512025 |
| 4.80%, 11/21/27 | &nbsp;&nbsp; 5223 | 5312159 |
| 4.89%, 10/07/37 | &nbsp;&nbsp; 3260 | 3286274 |
| 4.90%, 02/12/36 | &nbsp;&nbsp; 3280 | 3334833 |
| 4.95%, 11/21/32 | &nbsp;&nbsp; 2585 | 2682240 |
| 4.98%, 08/10/30 | &nbsp;&nbsp; 4038 | 4194740 |
| 5.00%, 01/31/29 | &nbsp;&nbsp; 5305 | 5480263 |
| 5.09%, 08/10/33 | &nbsp;&nbsp; 4165 | 4346045 |
| 5.20%, 01/31/34 | &nbsp;&nbsp; 2830 | 2969905 |
| 5.30%, 02/01/44 | &nbsp;&nbsp; 2284 | 2277477 |
| 5.40%, 08/10/43 | &nbsp;&nbsp; 3600 | 3674833 |
| 5.55%, 02/12/46 | &nbsp;&nbsp; 1490 | 1518899 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 2.60%, 11/24/31 | &nbsp;&nbsp; 4065 | 3712694 |
| 4.45%, 08/15/45 | &nbsp;&nbsp; 2629 | 2367288 |
| 5.05%, 02/19/30 | &nbsp;&nbsp; 1875 | 1938652 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 3320 | 3414529 |
| 5.35%, 12/01/28 | &nbsp;&nbsp; 4205 | 4351831 |
| 5.50%, 02/19/35 | &nbsp;&nbsp; 2355 | 2464365 |
| 5.75%, 11/30/39 | &nbsp;&nbsp; 1278 | 1336455 |
|  |  | 485181094 |
| **Health Care - Services — 0.9%** | **Health Care - Services — 0.9%** | **Health Care - Services — 0.9%** |
| AdventHealth Obligated Group, Series E, <br> 2.80%, 11/15/51<br>| &nbsp;&nbsp; 1759 | 1128198 |
| Adventist Health System/West |  |  |
| 3.63%, 03/01/49 | &nbsp;&nbsp; 2336 | 1642250 |
| 5.43%, 03/01/32 | &nbsp;&nbsp; 2515 | 2618134 |
| 5.76%, 12/01/34 | &nbsp;&nbsp; 1625 | 1714026 |
| Series 2025, 4.74%, 12/01/30 | &nbsp;&nbsp; 1415 | 1432332 |
| Advocate Health & Hospitals Corp. |  |  |
| 3.39%, 10/15/49 | &nbsp;&nbsp; 1787 | 1330717 |
| 3.83%, 08/15/28 | &nbsp;&nbsp; 1186 | 1187890 |
| 4.27%, 08/15/48 | &nbsp;&nbsp; 1586 | 1368888 |
| Series 2020, 2.21%, 06/15/30 | &nbsp;&nbsp; 455 | 423565 |
| Series 2020, 3.01%, 06/15/50 | &nbsp;&nbsp; 1622 | 1114972 |
| Aetna, Inc. |  |  |
| 3.88%, 08/15/47 | &nbsp;&nbsp; 290 | 220681 |
| 4.50%, 05/15/42 | &nbsp;&nbsp; 3391 | 2958714 |
| 4.75%, 03/15/44 | &nbsp;&nbsp; 2764 | 2433027 |
| 6.63%, 06/15/36 | &nbsp;&nbsp; 3841 | 4277283 |
| 6.75%, 12/15/37 | &nbsp;&nbsp; 2928 | 3265466 |
| AHS Hospital Corp. |  |  |
| 5.02%, 07/01/45 | &nbsp;&nbsp; 2290 | 2194327 |
| Series 2021, 2.78%, 07/01/51 | &nbsp;&nbsp; 2506 | 1616543 |
| Allina Health System |  |  |
| 2.90%, 11/15/51<sup>(c)</sup> | &nbsp;&nbsp; 2020 | 1326649 |
| Series 2019, 3.89%, 04/15/49 | &nbsp;&nbsp; 1848 | 1451239 |
| Ascension Health |  |  |
| 3.95%, 11/15/46 | &nbsp;&nbsp; 5485 | 4572646 |
| 4.85%, 11/15/53 | &nbsp;&nbsp; 2320 | 2147321 |
| Series 2025, 4.08%, 11/15/28 | &nbsp;&nbsp; 1990 | 2002341 |
| Series 2025, 4.29%, 11/15/30 | &nbsp;&nbsp; 3705 | 3744330 |
| Series 2025, 4.92%, 11/15/35 | &nbsp;&nbsp; 2935 | 2996571 |
| Series B, 2.53%, 11/15/29 | &nbsp;&nbsp; 4534 | 4327898 |
| Series B, 3.11%, 11/15/39 | &nbsp;&nbsp; 4011 | 3275443 |
| Banner Health |  |  |
| 1.90%, 01/01/31 | &nbsp;&nbsp; 2273 | 2061481 |
| 2.34%, 01/01/30 | &nbsp;&nbsp; 2532 | 2385730 |
| 2.91%, 01/01/42 | &nbsp;&nbsp; 1860 | 1412538 |
| 2.91%, 01/01/51 | &nbsp;&nbsp; 1927 | 1294336 |
| Series 2020, 3.18%, 01/01/50<sup>(c)</sup> | &nbsp;&nbsp; 1183 | 830997 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Baptist Health South Florida Obligated Group, <br> Series 2021, 3.12%, 11/15/71<sup>(c)</sup><br>| &nbsp;&nbsp; $510 | $306055 |
| Baptist Healthcare System Obligated Group, <br> Series 20B, 3.54%, 08/15/50<br>| &nbsp;&nbsp; 708 | 527697 |
| BayCare Health System, Inc., Series 2020, <br> 3.83%, 11/15/50<br>| &nbsp;&nbsp; 2814 | 2233404 |
| Baylor Scott & White Holdings |  |  |
| 3.97%, 11/15/46 | &nbsp;&nbsp; 1960 | 1643528 |
| 4.19%, 11/15/45 | &nbsp;&nbsp; 2653 | 2314129 |
| Series 2021, 1.78%, 11/15/30 | &nbsp;&nbsp; 1761 | 1597880 |
| Series 2021, 2.84%, 11/15/50 | &nbsp;&nbsp; 3560 | 2341639 |
| Beth Israel Lahey Health, Inc., Series L, <br> 3.08%, 07/01/51<sup>(c)</sup><br>| &nbsp;&nbsp; 730 | 490804 |
| Bon Secours Mercy Health, Inc. |  |  |
| 3.46%, 06/01/30 | &nbsp;&nbsp; 4296 | 4225875 |
| Series 2018, 4.30%, 07/01/28<sup>(c)</sup> | &nbsp;&nbsp; 1851 | 1863507 |
| Catholic Health Services of Long Island <br> Obligated Group, Series 2020, 3.37%, <br> 07/01/50<br>| &nbsp;&nbsp; 1655 | 1164877 |
| Cedars-Sinai Health System, Series 2021, <br> 2.29%, 08/15/31<br>| &nbsp;&nbsp; 2210 | 2020038 |
| Centene Corp. |  |  |
| 2.45%, 07/15/28 | &nbsp;&nbsp; 10125 | 9548100 |
| 2.50%, 03/01/31 | &nbsp;&nbsp; 10160 | 8814032 |
| 2.63%, 08/01/31 | &nbsp;&nbsp; 6185 | 5363789 |
| 3.00%, 10/15/30 | &nbsp;&nbsp; 10215 | 9204533 |
| 3.38%, 02/15/30 | &nbsp;&nbsp; 9390 | 8712100 |
| 4.25%, 12/15/27 | &nbsp;&nbsp; 11760 | 11688631 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 16120 | 15725618 |
| Children's Health System of Texas, 2.51%, <br> 08/15/50<br>| &nbsp;&nbsp; 3191 | 1961574 |
| Children's Hospital Corp.(The) |  |  |
| Series 2017, 4.12%, 01/01/47 | &nbsp;&nbsp; 2278 | 1967734 |
| Series 2020, 2.59%, 02/01/50 | &nbsp;&nbsp; 1105 | 698857 |
| Children's Hospital Medical Center/Cincinnati <br> OH, 4.27%, 05/15/44<br>| &nbsp;&nbsp; 1283 | 1147394 |
| Children's Hospital of Philadelphia (The), <br> Series 2020, 2.70%, 07/01/50<br>| &nbsp;&nbsp; 3348 | 2163347 |
| Children's Hospital/DC, Series 2020, 2.93%, <br> 07/15/50<sup>(c)</sup><br>| &nbsp;&nbsp; 1136 | 760151 |
| CHRISTUS Health, Series C, 4.34%, 07/01/28 | &nbsp;&nbsp; 2834 | 2849283 |
| Cigna Group(The) |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 8466 | 7763371 |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 6617 | 6213990 |
| 3.05%, 10/15/27 | &nbsp;&nbsp; 3179 | 3142787 |
| 3.20%, 03/15/40 | &nbsp;&nbsp; 4075 | 3250034 |
| 3.40%, 03/01/27 | &nbsp;&nbsp; 7338 | 7303889 |
| 3.40%, 03/15/50 | &nbsp;&nbsp; 6992 | 4954605 |
| 3.40%, 03/15/51 | &nbsp;&nbsp; 5910 | 4157389 |
| 3.88%, 10/15/47 | &nbsp;&nbsp; 5321 | 4130514 |
| 4.38%, 10/15/28 | &nbsp;&nbsp; 15828 | 15984318 |
| 4.50%, 09/15/30 | &nbsp;&nbsp; 4735 | 4799381 |
| 4.80%, 08/15/38 | &nbsp;&nbsp; 10769 | 10427614 |
| 4.80%, 07/15/46 | &nbsp;&nbsp; 4744 | 4255909 |
| 4.88%, 09/15/32 | &nbsp;&nbsp; 4005 | 4094909 |
| 4.90%, 12/15/48 | &nbsp;&nbsp; 12173 | 10936767 |
| 5.00%, 05/15/29 | &nbsp;&nbsp; 4250 | 4378465 |
| 5.13%, 05/15/31 | &nbsp;&nbsp; 3940 | 4098841 |
| 5.25%, 02/15/34 | &nbsp;&nbsp; 4880 | 5055971 |
| 5.25%, 01/15/36 | &nbsp;&nbsp; 6405 | 6575536 |
| 5.40%, 03/15/33<sup>(c)</sup> | &nbsp;&nbsp; 4265 | 4481418 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 5.60%, 02/15/54<sup>(c)</sup> | &nbsp;&nbsp; $5735 | $5612340 |
| 6.00%, 01/15/56 | &nbsp;&nbsp; 4610 | 4784119 |
| 6.13%, 11/15/41 | &nbsp;&nbsp; 3503 | 3746955 |
| City of Hope |  |  |
| Series 2013, 5.62%, 11/15/43 | &nbsp;&nbsp; 1910 | 1938101 |
| Series 2018, 4.38%, 08/15/48 | &nbsp;&nbsp; 1847 | 1569220 |
| Cleveland Clinic Foundation (The), 4.86%, <br> 01/01/2114<sup>(c)</sup><br>| &nbsp;&nbsp; 1885 | 1652008 |
| CommonSpirit Health |  |  |
| 2.78%, 10/01/30 | &nbsp;&nbsp; 1872 | 1761016 |
| 3.35%, 10/01/29 | &nbsp;&nbsp; 3045 | 2965121 |
| 3.82%, 10/01/49 | &nbsp;&nbsp; 3052 | 2361021 |
| 3.91%, 10/01/50 | &nbsp;&nbsp; 1304 | 1005068 |
| 4.19%, 10/01/49 | &nbsp;&nbsp; 2966 | 2415954 |
| 4.35%, 09/01/30 | &nbsp;&nbsp; 1505 | 1511452 |
| 4.35%, 11/01/42 | &nbsp;&nbsp; 2968 | 2649256 |
| 4.98%, 09/01/35 | &nbsp;&nbsp; 1630 | 1640192 |
| 5.21%, 12/01/31 | &nbsp;&nbsp; 2205 | 2298829 |
| 5.32%, 12/01/34 | &nbsp;&nbsp; 2130 | 2200056 |
| 5.55%, 12/01/54 | &nbsp;&nbsp; 600 | 590249 |
| 5.58%, 09/01/45 | &nbsp;&nbsp; 2470 | 2482306 |
| 5.66%, 09/01/55 | &nbsp;&nbsp; 520 | 519545 |
| 6.07%, 11/01/27 | &nbsp;&nbsp; 1756 | 1809643 |
| 6.46%, 11/01/52 | &nbsp;&nbsp; 915 | 1007227 |
| Community Health Network, Inc., Series 20-A, <br> 3.10%, 05/01/50<sup>(c)</sup><br>| &nbsp;&nbsp; 1631 | 1079536 |
| Corewell Health Obligated Group, Series 19A, <br> 3.49%, 07/15/49<br>| &nbsp;&nbsp; 2088 | 1562894 |
| Cottage Health Obligated Group, Series 2020, <br> 3.30%, 11/01/49<br>| &nbsp;&nbsp; 2995 | 2158864 |
| Dartmouth-Hitchcock Health, Series B, 4.18%, <br> 08/01/48<br>| &nbsp;&nbsp; 2342 | 1883737 |
| Dignity Health |  |  |
| 4.50%, 11/01/42<sup>(c)</sup> | &nbsp;&nbsp; 1030 | 924582 |
| 5.27%, 11/01/64 | &nbsp;&nbsp; 1100 | 1026124 |
| Duke University Health System, Inc., Series <br> 2017, 3.92%, 06/01/47<br>| &nbsp;&nbsp; 3406 | 2818769 |
| Elevance Health, Inc. |  |  |
| 2.25%, 05/15/30 | &nbsp;&nbsp; 4913 | 4548432 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 5490 | 5056491 |
| 2.88%, 09/15/29 | &nbsp;&nbsp; 4567 | 4388290 |
| 3.13%, 05/15/50 | &nbsp;&nbsp; 2661 | 1769422 |
| 3.60%, 03/15/51 | &nbsp;&nbsp; 6463 | 4653804 |
| 3.65%, 12/01/27 | &nbsp;&nbsp; 8213 | 8181095 |
| 3.70%, 09/15/49 | &nbsp;&nbsp; 5372 | 3989374 |
| 4.00%, 09/15/28 | &nbsp;&nbsp; 3110 | 3115437 |
| 4.10%, 03/01/28 | &nbsp;&nbsp; 6783 | 6798105 |
| 4.10%, 05/15/32 | &nbsp;&nbsp; 2813 | 2760708 |
| 4.38%, 12/01/47 | &nbsp;&nbsp; 7336 | 6126107 |
| 4.55%, 03/01/48 | &nbsp;&nbsp; 4535 | 3906295 |
| 4.55%, 05/15/52 | &nbsp;&nbsp; 2725 | 2278071 |
| 4.60%, 09/15/32 | &nbsp;&nbsp; 2660 | 2682984 |
| 4.63%, 05/15/42 | &nbsp;&nbsp; 2699 | 2459812 |
| 4.65%, 01/15/43 | &nbsp;&nbsp; 5795 | 5234295 |
| 4.65%, 08/15/44 | &nbsp;&nbsp; 2942 | 2620777 |
| 4.75%, 02/15/30 | &nbsp;&nbsp; 3190 | 3265221 |
| 4.75%, 02/15/33 | &nbsp;&nbsp; 3950 | 3992315 |
| 4.95%, 11/01/31 | &nbsp;&nbsp; 4135 | 4255615 |
| 5.00%, 01/15/36<sup>(c)</sup> | &nbsp;&nbsp; 3670 | 3686403 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 4283 | 4065428 |
| 5.13%, 02/15/53 | &nbsp;&nbsp; 4190 | 3809095 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 5.15%, 06/15/29 | &nbsp;&nbsp; $2535 | $2620452 |
| 5.20%, 02/15/35 | &nbsp;&nbsp; 5215 | 5354909 |
| 5.38%, 06/15/34 | &nbsp;&nbsp; 4035 | 4197404 |
| 5.50%, 10/15/32 | &nbsp;&nbsp; 3680 | 3882752 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 3960 | 3864998 |
| 5.70%, 02/15/55 | &nbsp;&nbsp; 5840 | 5734196 |
| 5.70%, 09/15/55<sup>(c)</sup> | &nbsp;&nbsp; 3810 | 3751085 |
| 5.85%, 01/15/36 | &nbsp;&nbsp; 1749 | 1862944 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 3602 | 3549469 |
| 5.95%, 12/15/34 | &nbsp;&nbsp; 2585 | 2790384 |
| 6.10%, 10/15/52 | &nbsp;&nbsp; 2745 | 2849081 |
| 6.38%, 06/15/37 | &nbsp;&nbsp; 2470 | 2738989 |
| Franciscan Missionaries of Our Lady Health <br> System, Inc., Series B, 3.91%, 07/01/49<br>| &nbsp;&nbsp; 205 | 160742 |
| Fred Hutchinson Cancer Center, 4.97%, <br> 01/01/52<br>| &nbsp;&nbsp; 667 | 624919 |
| Hackensack Meridian Health, Inc. |  |  |
| 4.21%, 07/01/48 | &nbsp;&nbsp; 1946 | 1647815 |
| 4.50%, 07/01/57 | &nbsp;&nbsp; 1355 | 1191417 |
| Series 2020, 2.68%, 09/01/41 | &nbsp;&nbsp; 3416 | 2545893 |
| Series 2020, 2.88%, 09/01/50 | &nbsp;&nbsp; 1557 | 1020467 |
| Hartford HealthCare Corp., 3.45%, 07/01/54<sup>(c)</sup> | &nbsp;&nbsp; 2080 | 1529063 |
| HCA, Inc. |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 5755 | 5195089 |
| 3.13%, 03/15/27 | &nbsp;&nbsp; 4840 | 4798963 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 1807 | 1774648 |
| 3.50%, 09/01/30 | &nbsp;&nbsp; 11780 | 11411256 |
| 3.50%, 07/15/51 | &nbsp;&nbsp; 7120 | 4913634 |
| 3.63%, 03/15/32 | &nbsp;&nbsp; 9207 | 8762329 |
| 4.13%, 06/15/29 | &nbsp;&nbsp; 8540 | 8550825 |
| 4.30%, 11/15/30 | &nbsp;&nbsp; 2435 | 2438684 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 3866 | 3352357 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 3985 | 3987695 |
| 4.63%, 03/15/52 | &nbsp;&nbsp; 8520 | 7066415 |
| 4.90%, 11/15/35 | &nbsp;&nbsp; 4510 | 4489830 |
| 5.00%, 03/01/28 | &nbsp;&nbsp; 1220 | 1244794 |
| 5.13%, 06/15/39 | &nbsp;&nbsp; 4485 | 4368115 |
| 5.20%, 06/01/28 | &nbsp;&nbsp; 3825 | 3919330 |
| 5.25%, 03/01/30 | &nbsp;&nbsp; 3285 | 3406802 |
| 5.25%, 06/15/49 | &nbsp;&nbsp; 8241 | 7526504 |
| 5.45%, 04/01/31 | &nbsp;&nbsp; 4595 | 4810331 |
| 5.45%, 09/15/34 | &nbsp;&nbsp; 5420 | 5628631 |
| 5.50%, 03/01/32 | &nbsp;&nbsp; 4155 | 4358452 |
| 5.50%, 06/01/33 | &nbsp;&nbsp; 5551 | 5813218 |
| 5.50%, 06/15/47 | &nbsp;&nbsp; 7572 | 7214447 |
| 5.60%, 04/01/34 | &nbsp;&nbsp; 6255 | 6563828 |
| 5.63%, 09/01/28 | &nbsp;&nbsp; 7257 | 7483597 |
| 5.70%, 11/15/55 | &nbsp;&nbsp; 4960 | 4777032 |
| 5.75%, 03/01/35 | &nbsp;&nbsp; 6460 | 6839378 |
| 5.88%, 02/01/29 | &nbsp;&nbsp; 5100 | 5311867 |
| 5.90%, 06/01/53 | &nbsp;&nbsp; 5580 | 5485854 |
| 5.95%, 09/15/54 | &nbsp;&nbsp; 3675 | 3652105 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 6180 | 6186379 |
| 6.10%, 04/01/64 | &nbsp;&nbsp; 3165 | 3161373 |
| 6.20%, 03/01/55 | &nbsp;&nbsp; 3990 | 4093761 |
| Hoag Memorial Hospital Presbyterian, 3.80%, <br> 07/15/52<br>| &nbsp;&nbsp; 3257 | 2575090 |
| Humana, Inc. |  |  |
| 2.15%, 02/03/32<sup>(c)</sup> | &nbsp;&nbsp; 3630 | 3169354 |
| 3.13%, 08/15/29 | &nbsp;&nbsp; 2851 | 2741738 |
| 3.70%, 03/23/29 | &nbsp;&nbsp; 4825 | 4739984 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 3.95%, 03/15/27 | &nbsp;&nbsp; $3539 | $3534138 |
| 3.95%, 08/15/49 | &nbsp;&nbsp; 2707 | 1976067 |
| 4.63%, 12/01/42 | &nbsp;&nbsp; 2910 | 2500504 |
| 4.80%, 03/15/47 | &nbsp;&nbsp; 2465 | 2057901 |
| 4.88%, 04/01/30 | &nbsp;&nbsp; 2875 | 2915813 |
| 4.95%, 10/01/44 | &nbsp;&nbsp; 4124 | 3592484 |
| 5.38%, 04/15/31 | &nbsp;&nbsp; 4460 | 4596359 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 2010 | 1807058 |
| 5.55%, 05/01/35 | &nbsp;&nbsp; 2890 | 2943067 |
| 5.75%, 03/01/28 | &nbsp;&nbsp; 2536 | 2605002 |
| 5.75%, 12/01/28 | &nbsp;&nbsp; 1655 | 1713574 |
| 5.75%, 04/15/54<sup>(c)</sup> | &nbsp;&nbsp; 3154 | 2937307 |
| 5.88%, 03/01/33 | &nbsp;&nbsp; 3585 | 3752132 |
| 5.95%, 03/15/34 | &nbsp;&nbsp; 3855 | 4040835 |
| 6.00%, 05/01/55<sup>(c)</sup> | &nbsp;&nbsp; 505 | 486677 |
| ICON Investments Six DAC |  |  |
| 5.81%, 05/08/27 | &nbsp;&nbsp; 2870 | 2896480 |
| 5.85%, 05/08/29 | &nbsp;&nbsp; 2940 | 3010233 |
| 6.00%, 05/08/34 | &nbsp;&nbsp; 2090 | 2144915 |
| Indiana University Health, Inc. <br> Obligated Group<br>|  |  |
| 3.97%, 11/01/48 | &nbsp;&nbsp; 2680 | 2218913 |
| Series 2021, 2.85%, 11/01/51 | &nbsp;&nbsp; 1245 | 810734 |
| Inova Health System Foundation, 4.07%, <br> 05/15/52<br>| &nbsp;&nbsp; 2599 | 2116857 |
| Integris Baptist Medical Center, Inc., Series A, <br> 3.88%, 08/15/50<br>| &nbsp;&nbsp; 2304 | 1752058 |
| Iowa Health System, Series 2020, 3.67%, <br> 02/15/50<br>| &nbsp;&nbsp; 275 | 211669 |
| IQVIA, Inc. |  |  |
| 5.70%, 05/15/28 | &nbsp;&nbsp; 4795 | 4934781 |
| 6.25%, 02/01/29 | &nbsp;&nbsp; 2260 | 2375455 |
| Johns Hopkins Health System Corp. (The), <br> 3.84%, 05/15/46<br>| &nbsp;&nbsp; 3401 | 2799040 |
| Kaiser Foundation Hospitals |  |  |
| 3.15%, 05/01/27 | &nbsp;&nbsp; 4428 | 4402460 |
| 4.15%, 05/01/47 | &nbsp;&nbsp; 7712 | 6599307 |
| 4.88%, 04/01/42 | &nbsp;&nbsp; 2782 | 2712232 |
| Series 2019, 3.27%, 11/01/49 | &nbsp;&nbsp; 4468 | 3240727 |
| Series 2021, 2.81%, 06/01/41 | &nbsp;&nbsp; 5882 | 4487695 |
| Series 2021, 3.00%, 06/01/51 | &nbsp;&nbsp; 5827 | 3940986 |
| Laboratory Corp. of America Holdings |  |  |
| 2.70%, 06/01/31 | &nbsp;&nbsp; 2900 | 2683754 |
| 2.95%, 12/01/29 | &nbsp;&nbsp; 2812 | 2703991 |
| 3.60%, 09/01/27 | &nbsp;&nbsp; 4730 | 4711876 |
| 4.35%, 04/01/30 | &nbsp;&nbsp; 3530 | 3559255 |
| 4.55%, 04/01/32 | &nbsp;&nbsp; 2700 | 2720856 |
| 4.70%, 02/01/45 | &nbsp;&nbsp; 4323 | 3930387 |
| 4.80%, 10/01/34<sup>(c)</sup> | &nbsp;&nbsp; 4340 | 4343522 |
| Mass General Brigham, Inc. |  |  |
| Series 2015, 4.12%, 07/01/55<sup>(c)</sup> | &nbsp;&nbsp; 199 | 167324 |
| Series 2017, 3.77%, 07/01/48 | &nbsp;&nbsp; 1264 | 1007980 |
| Series 2020, 3.19%, 07/01/49 | &nbsp;&nbsp; 1835 | 1313611 |
| Series 2020, 3.34%, 07/01/60 | &nbsp;&nbsp; 2326 | 1581083 |
| Mayo Clinic |  |  |
| 3.77%, 11/15/43 | &nbsp;&nbsp; 1615 | 1339816 |
| Series 2013, 4.00%, 11/15/47 | &nbsp;&nbsp; 340 | 282243 |
| Series 2016, 4.13%, 11/15/52 | &nbsp;&nbsp; 2611 | 2185419 |
| Series 2021, 3.20%, 11/15/61 | &nbsp;&nbsp; 2261 | 1500507 |
| McLaren Health Care Corp., Series A, 4.39%, <br> 05/15/48<br>| &nbsp;&nbsp; 2702 | 2343019 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| MedStar Health, Inc., Series 20A, 3.63%, <br> 08/15/49<br>| &nbsp;&nbsp; $1777 | $1330250 |
| Memorial Health Services, 3.45%, 11/01/49 | &nbsp;&nbsp; 2168 | 1601340 |
| Memorial Sloan-Kettering Cancer Center |  |  |
| 4.13%, 07/01/52 | &nbsp;&nbsp; 1730 | 1437306 |
| 5.00%, 07/01/42 | &nbsp;&nbsp; 690 | 681693 |
| Series 2015, 4.20%, 07/01/55 | &nbsp;&nbsp; 2009 | 1692713 |
| Series 2020, 2.96%, 01/01/50 | &nbsp;&nbsp; 781 | 533138 |
| Methodist Hospital (The), Series 20A, 2.71%, <br> 12/01/50<br>| &nbsp;&nbsp; 3486 | 2217989 |
| Montefiore Obligated Group |  |  |
| 4.29%, 09/01/50 | &nbsp;&nbsp; 1216 | 891855 |
| Series 18-C, 5.25%, 11/01/48<sup>(c)</sup> | &nbsp;&nbsp; 1802 | 1538187 |
| Mount Nittany Medical Center Obligated <br> Group, 3.80%, 11/15/52<br>| &nbsp;&nbsp; 850 | 650657 |
| MyMichigan Health, Series 2020, 3.41%, <br> 06/01/50<br>| &nbsp;&nbsp; 2518 | 1824114 |
| Nationwide Children's Hospital, Inc., 4.56%, <br> 11/01/52<br>| &nbsp;&nbsp; 1916 | 1717072 |
| New York and Presbyterian Hospital(The) |  |  |
| 2.26%, 08/01/40 | &nbsp;&nbsp; 1079 | 778620 |
| 2.61%, 08/01/60<sup>(c)</sup> | &nbsp;&nbsp; 1308 | 759351 |
| 4.02%, 08/01/45 | &nbsp;&nbsp; 3024 | 2578994 |
| 4.06%, 08/01/56 | &nbsp;&nbsp; 553 | 450636 |
| Series 2019, 3.95%, 08/01/2119 | &nbsp;&nbsp; 1835 | 1311237 |
| Northwell Healthcare, Inc. |  |  |
| 3.81%, 11/01/49 | &nbsp;&nbsp; 2460 | 1895938 |
| 3.98%, 11/01/46 | &nbsp;&nbsp; 2505 | 2041406 |
| 4.26%, 11/01/47 | &nbsp;&nbsp; 4040 | 3417754 |
| Northwestern Memorial Healthcare Obligated <br> Group, Series 2021, 2.63%, 07/15/51<sup>(c)</sup><br>| &nbsp;&nbsp; 2330 | 1479069 |
| Novant Health, Inc. |  |  |
| 2.64%, 11/01/36 | &nbsp;&nbsp; 2726 | 2240743 |
| 3.17%, 11/01/51 | &nbsp;&nbsp; 3129 | 2143318 |
| 3.32%, 11/01/61 | &nbsp;&nbsp; 2021 | 1339923 |
| NY Society for Relief of Ruptured & Crippled <br> Maintaining Hosp Special Surgery, Series <br> 2020, 2.67%, 10/01/50<br>| &nbsp;&nbsp; 1260 | 798809 |
| OhioHealth Corp. |  |  |
| 2.30%, 11/15/31 | &nbsp;&nbsp; 2594 | 2367315 |
| 2.83%, 11/15/41 | &nbsp;&nbsp; 2130 | 1627059 |
| Series 2020, 3.04%, 11/15/50 | &nbsp;&nbsp; 1876 | 1321372 |
| Orlando Health Obligated Group |  |  |
| 3.33%, 10/01/50 | &nbsp;&nbsp; 1107 | 819572 |
| 4.09%, 10/01/48 | &nbsp;&nbsp; 2427 | 2041650 |
| 5.48%, 10/01/35 | &nbsp;&nbsp; 2230 | 2372138 |
| PeaceHealth Obligated Group |  |  |
| 4.34%, 11/15/28 | &nbsp;&nbsp; 895 | 901404 |
| 4.86%, 11/15/32 | &nbsp;&nbsp; 1220 | 1245820 |
| Series 2018, 4.79%, 11/15/48 | &nbsp;&nbsp; 2007 | 1805241 |
| Series 2020, 3.22%, 11/15/50 | &nbsp;&nbsp; 2457 | 1673809 |
| Piedmont Healthcare, Inc. |  |  |
| 2.04%, 01/01/32 | &nbsp;&nbsp; 2377 | 2117187 |
| 2.86%, 01/01/52 | &nbsp;&nbsp; 1846 | 1210037 |
| Series 2042, 2.72%, 01/01/42 | &nbsp;&nbsp; 2431 | 1783311 |
| Presbyterian Healthcare Services, 4.88%, <br> 08/01/52<br>| &nbsp;&nbsp; 2300 | 2115842 |
| Providence St. Joseph Health Obligated Group |  |  |
| 5.37%, 10/01/32 | &nbsp;&nbsp; 2460 | 2577528 |
| 5.40%, 10/01/33 | &nbsp;&nbsp; 3155 | 3299726 |
| Series 19A, 2.53%, 10/01/29 | &nbsp;&nbsp; 3347 | 3172292 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Series 21A, 2.70%, 10/01/51 | &nbsp;&nbsp; $4160 | $2548776 |
| Series A, 3.93%, 10/01/48 | &nbsp;&nbsp; 1360 | 1084544 |
| Series I, 3.74%, 10/01/47 | &nbsp;&nbsp; 2268 | 1767363 |
| Queen's Health Systems (The), 4.81%, <br> 07/01/52<br>| &nbsp;&nbsp; 2181 | 2000711 |
| Quest Diagnostics, Inc. |  |  |
| 2.80%, 06/30/31 | &nbsp;&nbsp; 3821 | 3560643 |
| 2.95%, 06/30/30 | &nbsp;&nbsp; 6807 | 6491204 |
| 4.20%, 06/30/29 | &nbsp;&nbsp; 3183 | 3205662 |
| 4.60%, 12/15/27 | &nbsp;&nbsp; 3360 | 3401987 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 3395 | 3465978 |
| 4.70%, 03/30/45 | &nbsp;&nbsp; 2251 | 2084024 |
| 5.00%, 12/15/34 | &nbsp;&nbsp; 3080 | 3151563 |
| 6.40%, 11/30/33 | &nbsp;&nbsp; 1720 | 1921722 |
| Rady Children's Hospital-San Diego, Series <br> 21A, 3.15%, 08/15/51<br>| &nbsp;&nbsp; 1590 | 1109393 |
| Rush Obligated Group, Series 2020, 3.92%, <br> 11/15/29<br>| &nbsp;&nbsp; 1503 | 1497707 |
| Seattle Children's Hospital, Series 2021, <br> 2.72%, 10/01/50<sup>(c)</sup><br>| &nbsp;&nbsp; 1775 | 1129827 |
| Sentara Health, 2.93%, 11/01/51 | &nbsp;&nbsp; 2039 | 1353829 |
| Sharp HealthCare, Series 20B, 2.68%, <br> 08/01/50<br>| &nbsp;&nbsp; 2591 | 1644761 |
| SSM Health Care Corp. |  |  |
| 4.89%, 06/01/28 | &nbsp;&nbsp; 2705 | 2750897 |
| Series A, 3.82%, 06/01/27 | &nbsp;&nbsp; 2605 | 2602890 |
| Stanford Health Care |  |  |
| 3.03%, 08/15/51 | &nbsp;&nbsp; 2380 | 1622774 |
| Series 2018, 3.80%, 11/15/48 | &nbsp;&nbsp; 2696 | 2159109 |
| Series 2020, 3.31%, 08/15/30 | &nbsp;&nbsp; 1580 | 1541508 |
| Summa Health, 3.51%, 11/15/51 | &nbsp;&nbsp; 1810 | 1395241 |
| Sutter Health |  |  |
| 5.55%, 08/15/53 | &nbsp;&nbsp; 248 | 254667 |
| Series 2018, 3.70%, 08/15/28 | &nbsp;&nbsp; 2054 | 2045479 |
| Series 2018, 4.09%, 08/15/48 | &nbsp;&nbsp; 2161 | 1810442 |
| Series 2025, 5.21%, 08/15/32 | &nbsp;&nbsp; 965 | 1012462 |
| Series 2025, 5.54%, 08/15/35 | &nbsp;&nbsp; 2940 | 3123964 |
| Series 20A, 2.29%, 08/15/30 | &nbsp;&nbsp; 1489 | 1382491 |
| Series 20A, 3.16%, 08/15/40 | &nbsp;&nbsp; 857 | 693184 |
| Series 20A, 3.36%, 08/15/50 | &nbsp;&nbsp; 2014 | 1468943 |
| Texas Health Resources |  |  |
| 2.33%, 11/15/50 | &nbsp;&nbsp; 2192 | 1288858 |
| 4.33%, 11/15/55 | &nbsp;&nbsp; 1499 | 1255157 |
| Toledo Hospital (The), 5.75%, 11/15/38 | &nbsp;&nbsp; 1960 | 1982083 |
| Trinity Health Corp. |  |  |
| 4.13%, 12/01/45 | &nbsp;&nbsp; 2811 | 2419408 |
| Series 2019, 3.43%, 12/01/48 | &nbsp;&nbsp; 1315 | 1015023 |
| Series 2021, 2.63%, 12/01/40 | &nbsp;&nbsp; 2366 | 1780677 |
| UMass Memorial Health Care Obligated <br> Group, 5.36%, 07/01/52<br>| &nbsp;&nbsp; 490 | 470286 |
| UnitedHealth Group, Inc. |  |  |
| 3.70%, 05/15/27 | &nbsp;&nbsp; 3754 | 3749461 |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 6665 | 6154388 |
| 2.30%, 05/15/31 | &nbsp;&nbsp; 6540 | 5965596 |
| 2.75%, 05/15/40 | &nbsp;&nbsp; 5126 | 3855362 |
| 2.88%, 08/15/29 | &nbsp;&nbsp; 4479 | 4327224 |
| 2.90%, 05/15/50 | &nbsp;&nbsp; 6248 | 4047523 |
| 2.95%, 10/15/27 | &nbsp;&nbsp; 4804 | 4747692 |
| 3.05%, 05/15/41 | &nbsp;&nbsp; 4977 | 3823024 |
| 3.13%, 05/15/60 | &nbsp;&nbsp; 4599 | 2829872 |
| 3.25%, 05/15/51 | &nbsp;&nbsp; 9315 | 6349744 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 3.38%, 04/15/27 | &nbsp;&nbsp; $3333 | $3316756 |
| 3.50%, 08/15/39 | &nbsp;&nbsp; 5869 | 4928525 |
| 3.70%, 08/15/49 | &nbsp;&nbsp; 5847 | 4381742 |
| 3.75%, 10/15/47 | &nbsp;&nbsp; 5521 | 4247885 |
| 3.85%, 06/15/28 | &nbsp;&nbsp; 5906 | 5907956 |
| 3.88%, 12/15/28 | &nbsp;&nbsp; 4162 | 4163910 |
| 3.88%, 08/15/59 | &nbsp;&nbsp; 5852 | 4238423 |
| 3.95%, 10/15/42 | &nbsp;&nbsp; 3660 | 3064031 |
| 4.00%, 05/15/29 | &nbsp;&nbsp; 4609 | 4623866 |
| 4.20%, 05/15/32 | &nbsp;&nbsp; 6490 | 6459608 |
| 4.20%, 01/15/47 | &nbsp;&nbsp; 3964 | 3285160 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 6260 | 6325060 |
| 4.25%, 03/15/43 | &nbsp;&nbsp; 3166 | 2734849 |
| 4.25%, 04/15/47 | &nbsp;&nbsp; 4304 | 3578388 |
| 4.25%, 06/15/48 | &nbsp;&nbsp; 6288 | 5189251 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 3209 | 2865470 |
| 4.40%, 06/15/28 | &nbsp;&nbsp; 2745 | 2777414 |
| 4.45%, 12/15/48 | &nbsp;&nbsp; 5271 | 4462394 |
| 4.50%, 04/15/33 | &nbsp;&nbsp; 6665 | 6652878 |
| 4.60%, 04/15/27 | &nbsp;&nbsp; 3200 | 3225131 |
| 4.63%, 07/15/35 | &nbsp;&nbsp; 5186 | 5155052 |
| 4.63%, 11/15/41 | &nbsp;&nbsp; 3731 | 3433767 |
| 4.65%, 01/15/31 | &nbsp;&nbsp; 3975 | 4059695 |
| 4.70%, 04/15/29 | &nbsp;&nbsp; 2280 | 2332240 |
| 4.75%, 07/15/45 | &nbsp;&nbsp; 9025 | 8161143 |
| 4.75%, 05/15/52 | &nbsp;&nbsp; 8170 | 7105108 |
| 4.80%, 01/15/30 | &nbsp;&nbsp; 5980 | 6151578 |
| 4.90%, 04/15/31 | &nbsp;&nbsp; 3876 | 4004801 |
| 4.95%, 01/15/32 | &nbsp;&nbsp; 8170 | 8426125 |
| 4.95%, 05/15/62 | &nbsp;&nbsp; 4850 | 4236274 |
| 5.00%, 04/15/34 | &nbsp;&nbsp; 5908 | 6061096 |
| 5.05%, 04/15/53 | &nbsp;&nbsp; 8055 | 7332374 |
| 5.15%, 07/15/34 | &nbsp;&nbsp; 9100 | 9398692 |
| 5.20%, 04/15/63 | &nbsp;&nbsp; 7145 | 6449680 |
| 5.25%, 02/15/28 | &nbsp;&nbsp; 6320 | 6485717 |
| 5.30%, 02/15/30 | &nbsp;&nbsp; 5409 | 5655122 |
| 5.30%, 06/15/35<sup>(c)</sup> | &nbsp;&nbsp; 4480 | 4672098 |
| 5.35%, 02/15/33 | &nbsp;&nbsp; 8625 | 9053890 |
| 5.38%, 04/15/54 | &nbsp;&nbsp; 7205 | 6832086 |
| 5.50%, 07/15/44 | &nbsp;&nbsp; 6885 | 6854672 |
| 5.50%, 04/15/64 | &nbsp;&nbsp; 4910 | 4654821 |
| 5.63%, 07/15/54 | &nbsp;&nbsp; 11495 | 11320695 |
| 5.70%, 10/15/40 | &nbsp;&nbsp; 2244 | 2347689 |
| 5.75%, 07/15/64 | &nbsp;&nbsp; 9560 | 9396813 |
| 5.80%, 03/15/36 | &nbsp;&nbsp; 3845 | 4125786 |
| 5.88%, 02/15/53 | &nbsp;&nbsp; 9190 | 9350206 |
| 5.95%, 02/15/41 | &nbsp;&nbsp; 2350 | 2495243 |
| 5.95%, 06/15/55 | &nbsp;&nbsp; 2760 | 2857899 |
| 6.05%, 02/15/63 | &nbsp;&nbsp; 6020 | 6188342 |
| 6.50%, 06/15/37 | &nbsp;&nbsp; 2688 | 3022198 |
| 6.63%, 11/15/37 | &nbsp;&nbsp; 3220 | 3661927 |
| 6.88%, 02/15/38 | &nbsp;&nbsp; 5191 | 6028195 |
| Universal Health Services, Inc. |  |  |
| 2.65%, 10/15/30 | &nbsp;&nbsp; 3753 | 3447419 |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 2655 | 2375783 |
| 4.63%, 10/15/29 | &nbsp;&nbsp; 3095 | 3130383 |
| 5.05%, 10/15/34 | &nbsp;&nbsp; 2480 | 2457530 |
| UPMC |  |  |
| 5.04%, 05/15/33 | &nbsp;&nbsp; 2075 | 2139071 |
| 5.38%, 05/15/43 | &nbsp;&nbsp; 2000 | 2005217 |
| WakeMed, Series A, 3.29%, 10/01/52<sup>(c)</sup> | &nbsp;&nbsp; 1455 | 1037732 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| West Virginia United Health System Obligated <br> Group, Series 2020, 3.13%, 06/01/50<sup>(c)</sup><br>| &nbsp;&nbsp; $833 | $554007 |
| Willis-Knighton Medical Center |  |  |
| Series 2018, 4.81%, 09/01/48 | &nbsp;&nbsp; 1873 | 1680224 |
| Series 2021, 3.07%, 03/01/51 | &nbsp;&nbsp; 2377 | 1548324 |
| Yale-New Haven Health Services Corp., <br> Series 2020, 2.50%, 07/01/50<sup>(c)</sup><br>| &nbsp;&nbsp; 2806 | 1713033 |
|  |  | 1282910330 |
| **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** |
| Apollo Debt Solutions BDC |  |  |
| 5.20%, 12/08/28<sup>(b)</sup> | &nbsp;&nbsp; 450 | 448233 |
| 5.70%, 01/23/31<sup>(b)</sup> | &nbsp;&nbsp; 915 | 907797 |
| 5.88%, 08/30/30 | &nbsp;&nbsp; 1890 | 1900774 |
| 6.55%, 03/15/32 | &nbsp;&nbsp; 2190 | 2238345 |
| 6.70%, 07/29/31 | &nbsp;&nbsp; 4740 | 4897608 |
| 6.90%, 04/13/29 | &nbsp;&nbsp; 2450 | 2547011 |
| Ares Capital Corp. |  |  |
| 2.88%, 06/15/27 | &nbsp;&nbsp; 2264 | 2219015 |
| 2.88%, 06/15/28 | &nbsp;&nbsp; 6000 | 5723724 |
| 3.20%, 11/15/31 | &nbsp;&nbsp; 3195 | 2811297 |
| 5.10%, 01/15/31 | &nbsp;&nbsp; 1850 | 1805334 |
| 5.25%, 04/12/31 | &nbsp;&nbsp; 1340 | 1312455 |
| 5.50%, 09/01/30 | &nbsp;&nbsp; 3530 | 3492431 |
| 5.80%, 03/08/32 | &nbsp;&nbsp; 5235 | 5214164 |
| 5.88%, 03/01/29 | &nbsp;&nbsp; 4805 | 4893328 |
| 5.95%, 07/15/29 | &nbsp;&nbsp; 3044 | 3110360 |
| Ares Strategic Income Fund |  |  |
| 4.85%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1500 | 1474957 |
| 5.15%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 2210 | 2142123 |
| 5.45%, 09/09/28<sup>(b)</sup> | &nbsp;&nbsp; 1555 | 1554556 |
| 5.55%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1410 | 1386295 |
| 5.60%, 02/15/30 | &nbsp;&nbsp; 3150 | 3113888 |
| 5.70%, 03/15/28 | &nbsp;&nbsp; 2110 | 2125300 |
| 5.80%, 09/09/30<sup>(b)</sup> | &nbsp;&nbsp; 1820 | 1812920 |
| 6.20%, 03/21/32 | &nbsp;&nbsp; 3340 | 3354255 |
| 6.35%, 08/15/29 | &nbsp;&nbsp; 1620 | 1652253 |
| Bain Capital Specialty Finance, Inc. |  |  |
| 5.95%, 03/15/30<sup>(c)</sup> | &nbsp;&nbsp; 250 | 248810 |
| 5.95%, 03/01/31<sup>(c)</sup> | &nbsp;&nbsp; 650 | 633494 |
| Barings BDC, Inc. |  |  |
| 5.20%, 09/15/28 | &nbsp;&nbsp; 100 | 98937 |
| 7.00%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp; 210 | 215776 |
| Barings Private Credit Corp., 6.15%, <br> 06/11/30<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 70 | 69457 |
| Blackstone Private Credit Fund |  |  |
| 3.25%, 03/15/27 | &nbsp;&nbsp; 5730 | 5650574 |
| 4.00%, 01/15/29 | &nbsp;&nbsp; 2830 | 2715429 |
| 4.95%, 09/26/27 | &nbsp;&nbsp; 2240 | 2236431 |
| 5.05%, 09/10/30 | &nbsp;&nbsp; 2015 | 1926691 |
| 5.25%, 04/01/30 | &nbsp;&nbsp; 830 | 812640 |
| 5.35%, 03/12/31 | &nbsp;&nbsp; 1380 | 1338012 |
| 5.60%, 11/22/29 | &nbsp;&nbsp; 3020 | 3000245 |
| 5.95%, 07/16/29 | &nbsp;&nbsp; 4325 | 4360614 |
| 6.00%, 01/29/32 | &nbsp;&nbsp; 4710 | 4667216 |
| 6.00%, 11/22/34 | &nbsp;&nbsp; 3450 | 3340355 |
| 6.25%, 01/25/31 | &nbsp;&nbsp; 1870 | 1882990 |
| 7.30%, 11/27/28 | &nbsp;&nbsp; 1585 | 1656826 |
| Blackstone Secured Lending Fund |  |  |
| 2.13%, 02/15/27 | &nbsp;&nbsp; 2909 | 2835199 |
| 2.85%, 09/30/28 | &nbsp;&nbsp; 4110 | 3849875 |
| 5.13%, 01/31/31 | &nbsp;&nbsp; 1655 | 1604419 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| 5.30%, 06/30/30 | &nbsp;&nbsp; $1900 | $1868658 |
| 5.35%, 04/13/28 | &nbsp;&nbsp; 990 | 990597 |
| 5.88%, 11/15/27 | &nbsp;&nbsp; 2090 | 2120995 |
| Blue Owl Capital Corp. |  |  |
| 2.88%, 06/11/28 | &nbsp;&nbsp; 3930 | 3678993 |
| 3.13%, 04/13/27 | &nbsp;&nbsp; 2205 | 2144513 |
| 5.95%, 03/15/29<sup>(c)</sup> | &nbsp;&nbsp; 600 | 597588 |
| 6.20%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp; 1230 | 1226258 |
| Blue Owl Credit Income Corp. |  |  |
| 5.80%, 03/15/30 | &nbsp;&nbsp; 3065 | 3005482 |
| 6.60%, 09/15/29 | &nbsp;&nbsp; 4550 | 4596754 |
| 6.65%, 03/15/31 | &nbsp;&nbsp; 3385 | 3402857 |
| 7.75%, 09/16/27 | &nbsp;&nbsp; 1345 | 1371711 |
| 7.75%, 01/15/29 | &nbsp;&nbsp; 2350 | 2441283 |
| 7.95%, 06/13/28 | &nbsp;&nbsp; 1943 | 2016218 |
| Blue Owl Technology Finance Corp. |  |  |
| 6.10%, 03/15/28<sup>(c)</sup> | &nbsp;&nbsp; 1595 | 1588070 |
| 6.75%, 04/04/29<sup>(c)</sup> | &nbsp;&nbsp; 1770 | 1763341 |
| Capital Southwest Corp., 5.95%, 09/18/30<sup>(c)</sup> | &nbsp;&nbsp; 650 | 647544 |
| Carlyle Secured Lending, Inc. |  |  |
| 5.75%, 02/15/31 | &nbsp;&nbsp; 650 | 628260 |
| 6.75%, 02/18/30<sup>(c)</sup> | &nbsp;&nbsp; 150 | 151980 |
| Franklin BSP Capital Corp. |  |  |
| 6.00%, 10/02/30<sup>(b)</sup> | &nbsp;&nbsp; 1025 | 996417 |
| 7.20%, 06/15/29<sup>(c)</sup> | &nbsp;&nbsp; 250 | 255695 |
| FS KKR Capital Corp. |  |  |
| 3.13%, 10/12/28 | &nbsp;&nbsp; 3789 | 3450860 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 2000 | 1920543 |
| 6.13%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp; 1650 | 1581508 |
| 6.13%, 01/15/31 | &nbsp;&nbsp; 1025 | 971261 |
| 6.88%, 08/15/29 | &nbsp;&nbsp; 2710 | 2675120 |
| 7.88%, 01/15/29 | &nbsp;&nbsp; 300 | 305789 |
| Goldman Sachs BDC, Inc. |  |  |
| 5.10%, 01/28/29 | &nbsp;&nbsp; 650 | 640800 |
| 5.65%, 09/09/30<sup>(c)</sup> | &nbsp;&nbsp; 875 | 853876 |
| 6.38%, 03/11/27 | &nbsp;&nbsp; 690 | 701700 |
| Goldman Sachs Private Credit Corp. |  |  |
| 5.05%, 02/23/28<sup>(b)</sup> | &nbsp;&nbsp; 1120 | 1112647 |
| 5.38%, 01/31/29<sup>(b)</sup> | &nbsp;&nbsp; 670 | 669494 |
| 5.88%, 05/06/28<sup>(b)(c)</sup> | &nbsp;&nbsp; 995 | 1006745 |
| 5.88%, 01/31/31<sup>(b)</sup> | &nbsp;&nbsp; 1075 | 1056572 |
| 6.25%, 05/06/30<sup>(b)(c)</sup> | &nbsp;&nbsp; 865 | 866827 |
| Golub Capital BDC, Inc. |  |  |
| 2.05%, 02/15/27 | &nbsp;&nbsp; 2188 | 2127584 |
| 6.00%, 07/15/29 | &nbsp;&nbsp; 2305 | 2312042 |
| 7.05%, 12/05/28 | &nbsp;&nbsp; 1250 | 1300496 |
| Golub Capital Private Credit Fund |  |  |
| 5.45%, 08/15/28 | &nbsp;&nbsp; 765 | 765241 |
| 5.60%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 915 | 891679 |
| 5.80%, 09/12/29 | &nbsp;&nbsp; 570 | 572416 |
| 5.88%, 05/01/30 | &nbsp;&nbsp; 2230 | 2230100 |
| HA Sustainable Infrastructure Capital, Inc. |  |  |
| 6.15%, 01/15/31 | &nbsp;&nbsp; 1400 | 1452406 |
| 6.38%, 07/01/34 | &nbsp;&nbsp; 4315 | 4459317 |
| 6.75%, 07/15/35 | &nbsp;&nbsp; 1200 | 1260285 |
| Main Street Capital Corp. |  |  |
| 5.40%, 08/15/28 | &nbsp;&nbsp; 70 | 70321 |
| 6.50%, 06/04/27 | &nbsp;&nbsp; 1580 | 1606167 |
| 6.95%, 03/01/29<sup>(c)</sup> | &nbsp;&nbsp; 930 | 965636 |
| Morgan Stanley Direct Lending Fund |  |  |
| 4.50%, 02/11/27 | &nbsp;&nbsp; 1270 | 1267852 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| 6.00%, 05/19/30<sup>(c)</sup> | &nbsp;&nbsp; $1115 | $1117438 |
| 6.15%, 05/17/29 | &nbsp;&nbsp; 1585 | 1618090 |
| MSD Investment Corp. |  |  |
| 6.13%, 02/05/31<sup>(b)</sup> | &nbsp;&nbsp; 650 | 642051 |
| 6.25%, 05/31/30<sup>(b)</sup> | &nbsp;&nbsp; 830 | 830549 |
| New Mountain Finance Corp. |  |  |
| 6.20%, 10/15/27 | &nbsp;&nbsp; 650 | 654027 |
| 6.88%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp; 330 | 333241 |
| North Haven Private Income Fund LLC |  |  |
| 5.13%, 09/25/28<sup>(b)</sup> | &nbsp;&nbsp; 1025 | 1014144 |
| 5.75%, 02/01/30<sup>(c)</sup> | &nbsp;&nbsp; 120 | 118393 |
| Nuveen Churchill Direct Lending Corp., 6.65%, <br> 03/15/30<br>| &nbsp;&nbsp; 100 | 102280 |
| Oaktree Specialty Lending Corp. |  |  |
| 6.34%, 02/27/30<sup>(c)</sup> | &nbsp;&nbsp; 930 | 915845 |
| 7.10%, 02/15/29 | &nbsp;&nbsp; 1330 | 1346775 |
| Oaktree Strategic Credit Fund |  |  |
| 6.19%, 07/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp; 875 | 869716 |
| 6.50%, 07/23/29<sup>(c)</sup> | &nbsp;&nbsp; 530 | 542607 |
| 8.40%, 11/14/28 | &nbsp;&nbsp; 880 | 945981 |
| Sixth Street Lending Partners |  |  |
| 5.75%, 01/15/30 | &nbsp;&nbsp; 820 | 822622 |
| 6.13%, 07/15/30 | &nbsp;&nbsp; 3575 | 3620843 |
| 6.50%, 03/11/29 | &nbsp;&nbsp; 570 | 588745 |
| Sixth Street Specialty Lending, Inc. |  |  |
| 5.63%, 08/15/30<sup>(c)</sup> | &nbsp;&nbsp; 955 | 949072 |
| 6.13%, 03/01/29<sup>(c)</sup> | &nbsp;&nbsp; 460 | 466526 |
| 6.95%, 08/14/28 | &nbsp;&nbsp; 805 | 828391 |
|  |  | 198198247 |
| **Home Builders — 0.0%** | **Home Builders — 0.0%** | **Home Builders — 0.0%** |
| DR Horton, Inc. |  |  |
| 1.40%, 10/15/27 | &nbsp;&nbsp; 2184 | 2102215 |
| 4.85%, 10/15/30 | &nbsp;&nbsp; 80 | 82449 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 2980 | 3051581 |
| 5.50%, 10/15/35 | &nbsp;&nbsp; 2240 | 2353853 |
| Lennar Corp. |  |  |
| 4.75%, 11/29/27 | &nbsp;&nbsp; 4158 | 4195052 |
| 5.00%, 06/15/27 | &nbsp;&nbsp; 2413 | 2429281 |
| 5.20%, 07/30/30 | &nbsp;&nbsp; 2520 | 2611074 |
| Meritage Homes Corp. |  |  |
| 5.13%, 06/06/27 | &nbsp;&nbsp; 710 | 714849 |
| 5.65%, 03/15/35 | &nbsp;&nbsp; 1175 | 1213016 |
| NVR, Inc., 3.00%, 05/15/30 | &nbsp;&nbsp; 2778 | 2654463 |
| PulteGroup, Inc. |  |  |
| 4.25%, 03/01/31 | &nbsp;&nbsp; 1455 | 1453477 |
| 4.90%, 03/01/36 | &nbsp;&nbsp; 1175 | 1175837 |
| 6.00%, 02/15/35 | &nbsp;&nbsp; 1368 | 1480914 |
| 6.38%, 05/15/33<sup>(c)</sup> | &nbsp;&nbsp; 1796 | 1998497 |
| 7.88%, 06/15/32 | &nbsp;&nbsp; 1359 | 1604136 |
| Sekisui House U.S., Inc. |  |  |
| 2.50%, 01/15/31 | &nbsp;&nbsp; 2007 | 1808614 |
| 3.85%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp; 1976 | 1923276 |
| 3.97%, 08/06/61<sup>(c)</sup> | &nbsp;&nbsp; 1515 | 1034012 |
| 6.00%, 01/15/43 | &nbsp;&nbsp; 3372 | 3215356 |
| Toll Brothers Finance Corp. |  |  |
| 3.80%, 11/01/29 | &nbsp;&nbsp; 2555 | 2529006 |
| 4.35%, 02/15/28 | &nbsp;&nbsp; 2475 | 2490113 |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 3005 | 3023168 |
| 5.60%, 06/15/35<sup>(c)</sup> | &nbsp;&nbsp; 1600 | 1693554 |
|  |  | 46837793 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Leggett & Platt, Inc. |  |  |
| 3.50%, 11/15/27 | &nbsp;&nbsp; $3092 | $3054331 |
| 3.50%, 11/15/51 | &nbsp;&nbsp; 3130 | 2057131 |
| 4.40%, 03/15/29 | &nbsp;&nbsp; 3542 | 3527978 |
|  |  | 8639440 |
| **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** |
| Avery Dennison Corp. |  |  |
| 2.25%, 02/15/32 | &nbsp;&nbsp; 2490 | 2218236 |
| 2.65%, 04/30/30 | &nbsp;&nbsp; 2237 | 2109340 |
| 4.88%, 12/06/28 | &nbsp;&nbsp; 3866 | 3944914 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 1880 | 2008669 |
| Church & Dwight Co., Inc. |  |  |
| 2.30%, 12/15/31 | &nbsp;&nbsp; 2504 | 2275085 |
| 3.15%, 08/01/27 | &nbsp;&nbsp; 3296 | 3267166 |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 2105 | 1723052 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 2680 | 2504346 |
| 5.60%, 11/15/32 | &nbsp;&nbsp; 2795 | 3008641 |
| Clorox Co.(The) |  |  |
| 1.80%, 05/15/30 | &nbsp;&nbsp; 3384 | 3081219 |
| 3.10%, 10/01/27 | &nbsp;&nbsp; 3608 | 3567172 |
| 3.90%, 05/15/28 | &nbsp;&nbsp; 3613 | 3615652 |
| 4.40%, 05/01/29 | &nbsp;&nbsp; 3570 | 3612101 |
| 4.60%, 05/01/32 | &nbsp;&nbsp; 3559 | 3610977 |
| Kimberly-Clark Corp. |  |  |
| 1.05%, 09/15/27 | &nbsp;&nbsp; 3881 | 3733640 |
| 2.00%, 11/02/31<sup>(c)</sup> | &nbsp;&nbsp; 2883 | 2610134 |
| 2.88%, 02/07/50<sup>(c)</sup> | &nbsp;&nbsp; 1959 | 1342709 |
| 3.10%, 03/26/30 | &nbsp;&nbsp; 4058 | 3933731 |
| 3.20%, 04/25/29 | &nbsp;&nbsp; 4295 | 4220896 |
| 3.20%, 07/30/46 | &nbsp;&nbsp; 2075 | 1521714 |
| 3.90%, 05/04/47 | &nbsp;&nbsp; 1432 | 1163750 |
| 3.95%, 11/01/28 | &nbsp;&nbsp; 3457 | 3473271 |
| 4.50%, 02/16/33 | &nbsp;&nbsp; 1940 | 1982790 |
| 5.30%, 03/01/41 | &nbsp;&nbsp; 2720 | 2831829 |
| 6.63%, 08/01/37 | &nbsp;&nbsp; 3753 | 4367567 |
|  |  | 71728601 |
| **Insurance — 0.8%** | **Insurance — 0.8%** | **Insurance — 0.8%** |
| ACE Capital Trust II, Series N, 9.70%, <br> 04/01/30<br>| &nbsp;&nbsp; 2972 | 3552947 |
| Aegon Ltd., 5.50%, 04/11/48, (6-mo. SOFR US <br> + 3.97%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3390 | 3432114 |
| Aflac, Inc. |  |  |
| 3.60%, 04/01/30 | &nbsp;&nbsp; 6283 | 6190187 |
| 4.00%, 10/15/46 | &nbsp;&nbsp; 2091 | 1696882 |
| 4.75%, 01/15/49 | &nbsp;&nbsp; 3568 | 3162819 |
| Alleghany Corp. |  |  |
| 3.25%, 08/15/51 | &nbsp;&nbsp; 3440 | 2385125 |
| 3.63%, 05/15/30 | &nbsp;&nbsp; 4634 | 4576357 |
| 4.90%, 09/15/44 | &nbsp;&nbsp; 2415 | 2258237 |
| Allstate Corp.(The) |  |  |
| 1.45%, 12/15/30 | &nbsp;&nbsp; 3194 | 2820393 |
| 3.85%, 08/10/49<sup>(c)</sup> | &nbsp;&nbsp; 2848 | 2191340 |
| 4.20%, 12/15/46 | &nbsp;&nbsp; 3932 | 3255446 |
| 4.50%, 06/15/43 | &nbsp;&nbsp; 3100 | 2737379 |
| 5.05%, 06/24/29 | &nbsp;&nbsp; 2305 | 2381048 |
| 5.25%, 03/30/33 | &nbsp;&nbsp; 2680 | 2797619 |
| 5.35%, 06/01/33 | &nbsp;&nbsp; 2094 | 2200734 |
| 5.55%, 05/09/35 | &nbsp;&nbsp; 3156 | 3353819 |
| 5.95%, 04/01/36 | &nbsp;&nbsp; 2305 | 2498818 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 6.50%, 05/15/67, (3-mo. SOFR US + <br> 2.38%)<sup>(a)</sup><br>| &nbsp;&nbsp; $2495 | $2621619 |
| American Financial Group, Inc., 5.00%, <br> 09/23/35<br>| &nbsp;&nbsp; 975 | 965279 |
| American Financial Group, Inc./OH |  |  |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 2395 | 2047449 |
| 5.25%, 04/02/30 | &nbsp;&nbsp; 902 | 942736 |
| American International Group, Inc. |  |  |
| 3.40%, 06/30/30 | &nbsp;&nbsp; 3095 | 3014696 |
| 3.88%, 01/15/35 | &nbsp;&nbsp; 1770 | 1656739 |
| 4.38%, 06/30/50 | &nbsp;&nbsp; 5499 | 4587848 |
| 4.50%, 07/16/44 | &nbsp;&nbsp; 2410 | 2133191 |
| 4.75%, 04/01/48 | &nbsp;&nbsp; 6258 | 5611495 |
| 4.80%, 07/10/45 | &nbsp;&nbsp; 800 | 729429 |
| 4.85%, 05/07/30 | &nbsp;&nbsp; 2140 | 2197057 |
| 5.13%, 03/27/33 | &nbsp;&nbsp; 3515 | 3627120 |
| 5.45%, 05/07/35 | &nbsp;&nbsp; 1870 | 1950299 |
| Series A-9, 5.75%, 04/01/48<sup>(a)(c)</sup> | &nbsp;&nbsp; 10 | 10155 |
| American National Group, Inc. |  |  |
| 5.00%, 06/15/27 | &nbsp;&nbsp; 3116 | 3132618 |
| 5.75%, 10/01/29 | &nbsp;&nbsp; 1700 | 1734128 |
| 6.00%, 07/15/35 | &nbsp;&nbsp; 2420 | 2403119 |
| Aon Corp. |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 5101 | 4837756 |
| 3.75%, 05/02/29 | &nbsp;&nbsp; 4122 | 4087839 |
| 4.50%, 12/15/28 | &nbsp;&nbsp; 2937 | 2977197 |
| 6.25%, 09/30/40 | &nbsp;&nbsp; 3334 | 3671539 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 2.05%, 08/23/31 | &nbsp;&nbsp; 2465 | 2200398 |
| 2.60%, 12/02/31 | &nbsp;&nbsp; 2400 | 2187084 |
| 2.85%, 05/28/27 | &nbsp;&nbsp; 2925 | 2884366 |
| 2.90%, 08/23/51 | &nbsp;&nbsp; 5220 | 3247960 |
| 3.90%, 02/28/52 | &nbsp;&nbsp; 4095 | 3044765 |
| 5.00%, 09/12/32 | &nbsp;&nbsp; 2305 | 2372559 |
| 5.35%, 02/28/33 | &nbsp;&nbsp; 2980 | 3113143 |
| Aon Global Ltd. |  |  |
| 4.60%, 06/14/44 | &nbsp;&nbsp; 5592 | 4911807 |
| 4.75%, 05/15/45 | &nbsp;&nbsp; 2709 | 2404003 |
| Aon North America, Inc. |  |  |
| 5.13%, 03/01/27 | &nbsp;&nbsp; 3365 | 3399326 |
| 5.15%, 03/01/29 | &nbsp;&nbsp; 4555 | 4696807 |
| 5.30%, 03/01/31 | &nbsp;&nbsp; 3510 | 3664673 |
| 5.45%, 03/01/34 | &nbsp;&nbsp; 7483 | 7811468 |
| 5.75%, 03/01/54 | &nbsp;&nbsp; 5730 | 5671755 |
| Arch Capital Finance LLC, 5.03%, 12/15/46 | &nbsp;&nbsp; 2944 | 2783555 |
| Arch Capital Group Ltd. |  |  |
| 3.64%, 06/30/50 | &nbsp;&nbsp; 5037 | 3732265 |
| 7.35%, 05/01/34 | &nbsp;&nbsp; 1545 | 1811072 |
| Arch Capital Group U.S., Inc., 5.14%, <br> 11/01/43<br>| &nbsp;&nbsp; 2805 | 2699067 |
| Arthur J Gallagher & Co. |  |  |
| 2.40%, 11/09/31 | &nbsp;&nbsp; 2730 | 2446183 |
| 3.05%, 03/09/52 | &nbsp;&nbsp; 4245 | 2690052 |
| 3.50%, 05/20/51 | &nbsp;&nbsp; 6307 | 4380165 |
| 4.60%, 12/15/27 | &nbsp;&nbsp; 3465 | 3496713 |
| 4.85%, 12/15/29 | &nbsp;&nbsp; 1900 | 1946320 |
| 5.00%, 02/15/32 | &nbsp;&nbsp; 2480 | 2530788 |
| 5.15%, 02/15/35 | &nbsp;&nbsp; 4500 | 4562475 |
| 5.45%, 07/15/34 | &nbsp;&nbsp; 2038 | 2113571 |
| 5.50%, 03/02/33 | &nbsp;&nbsp; 1790 | 1867418 |
| 5.55%, 02/15/55 | &nbsp;&nbsp; 3910 | 3733678 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.75%, 03/02/53 | &nbsp;&nbsp; $2728 | $2648124 |
| 5.75%, 07/15/54 | &nbsp;&nbsp; 2060 | 2004827 |
| 6.50%, 02/15/34 | &nbsp;&nbsp; 2345 | 2585980 |
| 6.75%, 02/15/54 | &nbsp;&nbsp; 2625 | 2871028 |
| Aspen Insurance Holdings Ltd., 5.75%, <br> 07/01/30<br>| &nbsp;&nbsp; 60 | 63063 |
| Assurant, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 2075 | 1862039 |
| 3.70%, 02/22/30 | &nbsp;&nbsp; 2407 | 2355281 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 2495 | 2527300 |
| 5.55%, 02/15/36 | &nbsp;&nbsp; 1315 | 1336247 |
| Assured Guaranty U.S. Holdings, Inc. |  |  |
| 3.15%, 06/15/31 | &nbsp;&nbsp; 3011 | 2840938 |
| 3.60%, 09/15/51 | &nbsp;&nbsp; 2050 | 1456999 |
| 6.13%, 09/15/28 | &nbsp;&nbsp; 1660 | 1738676 |
| Athene Holding Ltd. |  |  |
| 3.45%, 05/15/52 | &nbsp;&nbsp; 4330 | 2648404 |
| 3.50%, 01/15/31 | &nbsp;&nbsp; 3050 | 2873123 |
| 3.95%, 05/25/51 | &nbsp;&nbsp; 4585 | 3147645 |
| 4.13%, 01/12/28 | &nbsp;&nbsp; 5540 | 5513254 |
| 5.88%, 01/15/34<sup>(c)</sup> | &nbsp;&nbsp; 3823 | 3894196 |
| 6.15%, 04/03/30<sup>(c)</sup> | &nbsp;&nbsp; 2427 | 2545939 |
| 6.25%, 04/01/54 | &nbsp;&nbsp; 3250 | 3032695 |
| 6.63%, 10/15/54, (5-year CMT + 2.61%)<sup>(a)</sup> | &nbsp;&nbsp; 1070 | 1036197 |
| 6.63%, 05/19/55 | &nbsp;&nbsp; 2645 | 2587841 |
| 6.65%, 02/01/33<sup>(c)</sup> | &nbsp;&nbsp; 2235 | 2388618 |
| 6.88%, 06/28/55, (5-year CMT + 2.58%)<sup>(a)</sup> | &nbsp;&nbsp; 800 | 770617 |
| AXA SA, 8.60%, 12/15/30 | &nbsp;&nbsp; 625 | 735114 |
| Axis Specialty Finance LLC |  |  |
| 3.90%, 07/15/29 | &nbsp;&nbsp; 3089 | 3071810 |
| 4.90%, 01/15/40, (5-year CMT + 3.19%)<sup>(a)</sup> | &nbsp;&nbsp; 1821 | 1793575 |
| Axis Specialty Finance PLC, 4.00%, 12/06/27 | &nbsp;&nbsp; 3169 | 3162907 |
| Berkshire Hathaway Finance Corp. |  |  |
| 1.45%, 10/15/30 | &nbsp;&nbsp; 4701 | 4242809 |
| 1.85%, 03/12/30<sup>(c)</sup> | &nbsp;&nbsp; 3488 | 3235776 |
| 2.30%, 03/15/27 | &nbsp;&nbsp; 6220 | 6135361 |
| 2.50%, 01/15/51 | &nbsp;&nbsp; 5875 | 3544691 |
| 2.85%, 10/15/50 | &nbsp;&nbsp; 8944 | 5780774 |
| 2.88%, 03/15/32 | &nbsp;&nbsp; 5959 | 5609688 |
| 3.85%, 03/15/52 | &nbsp;&nbsp; 8000 | 6209385 |
| 4.20%, 08/15/48 | &nbsp;&nbsp; 10357 | 8718859 |
| 4.25%, 01/15/49 | &nbsp;&nbsp; 8264 | 6975444 |
| 4.30%, 05/15/43 | &nbsp;&nbsp; 4027 | 3643122 |
| 4.40%, 05/15/42 | &nbsp;&nbsp; 5463 | 5059949 |
| 5.75%, 01/15/40 | &nbsp;&nbsp; 4473 | 4921028 |
| Berkshire Hathaway, Inc., 4.50%, 02/11/43<sup>(c)</sup> | &nbsp;&nbsp; 5380 | 5054436 |
| Brighthouse Financial, Inc. |  |  |
| 3.70%, 06/22/27 | &nbsp;&nbsp; 145 | 143120 |
| 3.85%, 12/22/51 | &nbsp;&nbsp; 1290 | 751661 |
| 4.70%, 06/22/47 | &nbsp;&nbsp; 3577 | 2490168 |
| 5.63%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp; 2794 | 2820738 |
| Brown & Brown, Inc. |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 5033 | 4522434 |
| 4.20%, 03/17/32 | &nbsp;&nbsp; 1810 | 1748673 |
| 4.50%, 03/15/29 | &nbsp;&nbsp; 3445 | 3463805 |
| 4.70%, 06/23/28 | &nbsp;&nbsp; 2215 | 2238714 |
| 4.90%, 06/23/30 | &nbsp;&nbsp; 2675 | 2716975 |
| 4.95%, 03/17/52 | &nbsp;&nbsp; 3975 | 3393601 |
| 5.25%, 06/23/32 | &nbsp;&nbsp; 2155 | 2195271 |
| 5.55%, 06/23/35 | &nbsp;&nbsp; 3790 | 3869915 |
| 5.65%, 06/11/34 | &nbsp;&nbsp; 2520 | 2589837 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 6.25%, 06/23/55 | &nbsp;&nbsp; $1810 | $1839440 |
| Chubb INA Holdings LLC |  |  |
| 1.38%, 09/15/30 | &nbsp;&nbsp; 4470 | 3983693 |
| 2.85%, 12/15/51 | &nbsp;&nbsp; 3040 | 1970856 |
| 3.05%, 12/15/61 | &nbsp;&nbsp; 3358 | 2107427 |
| 4.15%, 03/13/43 | &nbsp;&nbsp; 3120 | 2736791 |
| 4.35%, 11/03/45 | &nbsp;&nbsp; 7285 | 6399170 |
| 4.65%, 08/15/29 | &nbsp;&nbsp; 4215 | 4322616 |
| 4.90%, 08/15/35 | &nbsp;&nbsp; 4515 | 4584566 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 6120 | 6297098 |
| 6.00%, 05/11/37 | &nbsp;&nbsp; 4834 | 5289260 |
| 6.70%, 05/15/36 | &nbsp;&nbsp; 715 | 823919 |
| Series 1, 6.50%, 05/15/38 | &nbsp;&nbsp; 2160 | 2479117 |
| Cincinnati Financial Corp. |  |  |
| 6.13%, 11/01/34 | &nbsp;&nbsp; 2094 | 2264442 |
| 6.92%, 05/15/28 | &nbsp;&nbsp; 1959 | 2081310 |
| CNA Financial Corp. |  |  |
| 2.05%, 08/15/30 | &nbsp;&nbsp; 2630 | 2396577 |
| 3.45%, 08/15/27 | &nbsp;&nbsp; 3722 | 3691679 |
| 3.90%, 05/01/29 | &nbsp;&nbsp; 5396 | 5356238 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 1395 | 1417798 |
| 5.20%, 08/15/35 | &nbsp;&nbsp; 1810 | 1821450 |
| 5.50%, 06/15/33 | &nbsp;&nbsp; 1515 | 1585729 |
| CNO Financial Group, Inc. |  |  |
| 5.25%, 05/30/29 | &nbsp;&nbsp; 3075 | 3126057 |
| 6.45%, 06/15/34 | &nbsp;&nbsp; 2580 | 2692894 |
| Corebridge Financial, Inc. |  |  |
| 3.65%, 04/05/27 | &nbsp;&nbsp; 7701 | 7661065 |
| 3.85%, 04/05/29 | &nbsp;&nbsp; 4718 | 4662696 |
| 3.90%, 04/05/32 | &nbsp;&nbsp; 5955 | 5656130 |
| 4.35%, 04/05/42 | &nbsp;&nbsp; 2830 | 2429158 |
| 4.40%, 04/05/52<sup>(c)</sup> | &nbsp;&nbsp; 5700 | 4530523 |
| 5.75%, 01/15/34 | &nbsp;&nbsp; 3560 | 3679548 |
| 6.05%, 09/15/33 | &nbsp;&nbsp; 3280 | 3510261 |
| 6.38%, 09/15/54, (5-year CMT + 2.65%)<sup>(a)</sup> | &nbsp;&nbsp; 2060 | 2067738 |
| 6.88%, 12/15/52, (5-year CMT + 3.85%)<sup>(a)</sup> | &nbsp;&nbsp; 2545 | 2607403 |
| Enstar Group Ltd. |  |  |
| 3.10%, 09/01/31 | &nbsp;&nbsp; 2856 | 2570000 |
| 4.95%, 06/01/29<sup>(c)</sup> | &nbsp;&nbsp; 3501 | 3550905 |
| Equitable Holdings, Inc. |  |  |
| 4.35%, 04/20/28 | &nbsp;&nbsp; 5136 | 5159133 |
| 5.00%, 04/20/48 | &nbsp;&nbsp; 5004 | 4452116 |
| 5.59%, 01/11/33 | &nbsp;&nbsp; 2645 | 2752564 |
| 6.70%, 03/28/55, (5-year CMT + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 435 | 452828 |
| Essent Group Ltd., 6.25%, 07/01/29 | &nbsp;&nbsp; 1385 | 1452709 |
| Everest Reinsurance Holdings, Inc. |  |  |
| 3.13%, 10/15/52 | &nbsp;&nbsp; 5183 | 3285263 |
| 3.50%, 10/15/50 | &nbsp;&nbsp; 5114 | 3560728 |
| 4.87%, 06/01/44 | &nbsp;&nbsp; 2256 | 2007927 |
| F&G Annuities & Life, Inc. |  |  |
| 6.25%, 10/04/34<sup>(c)</sup> | &nbsp;&nbsp; 1995 | 1904881 |
| 6.50%, 06/04/29 | &nbsp;&nbsp; 2730 | 2807850 |
| 7.40%, 01/13/28 | &nbsp;&nbsp; 3326 | 3451549 |
| Fairfax Financial Holdings Ltd. |  |  |
| 3.38%, 03/03/31 | &nbsp;&nbsp; 2102 | 2003463 |
| 4.63%, 04/29/30 | &nbsp;&nbsp; 2687 | 2717981 |
| 4.85%, 04/17/28 | &nbsp;&nbsp; 3049 | 3096423 |
| 5.63%, 08/16/32 | &nbsp;&nbsp; 2430 | 2545403 |
| 5.75%, 05/20/35 | &nbsp;&nbsp; 300 | 313397 |
| 6.00%, 12/07/33 | &nbsp;&nbsp; 3145 | 3359036 |
| 6.10%, 03/15/55 | &nbsp;&nbsp; 2205 | 2205918 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 6.35%, 03/22/54 | &nbsp;&nbsp; $1300 | $1350122 |
| Fidelity National Financial, Inc. |  |  |
| 2.45%, 03/15/31 | &nbsp;&nbsp; 3584 | 3211862 |
| 3.20%, 09/17/51 | &nbsp;&nbsp; 3475 | 2195659 |
| 3.40%, 06/15/30 | &nbsp;&nbsp; 3795 | 3620198 |
| 4.50%, 08/15/28 | &nbsp;&nbsp; 3052 | 3073865 |
| First American Financial Corp. |  |  |
| 2.40%, 08/15/31 | &nbsp;&nbsp; 2727 | 2403868 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 2625 | 2551850 |
| 5.45%, 09/30/34 | &nbsp;&nbsp; 2090 | 2101972 |
| Globe Life, Inc. |  |  |
| 2.15%, 08/15/30 | &nbsp;&nbsp; 3542 | 3237337 |
| 4.55%, 09/15/28 | &nbsp;&nbsp; 3850 | 3880520 |
| 4.80%, 06/15/32 | &nbsp;&nbsp; 2180 | 2195659 |
| 5.85%, 09/15/34 | &nbsp;&nbsp; 2090 | 2196011 |
| Hanover Insurance Group, Inc.(The) |  |  |
| 2.50%, 09/01/30 | &nbsp;&nbsp; 2185 | 2020175 |
| 2.80%, 08/19/29 | &nbsp;&nbsp; 3580 | 3442232 |
| 2.90%, 09/15/51 | &nbsp;&nbsp; 3155 | 2052547 |
| 3.60%, 08/19/49 | &nbsp;&nbsp; 4206 | 3124859 |
| 4.30%, 04/15/43 | &nbsp;&nbsp; 1711 | 1511024 |
| 4.40%, 03/15/48 | &nbsp;&nbsp; 2663 | 2277115 |
| 5.50%, 09/01/35 | &nbsp;&nbsp; 1105 | 1130208 |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 1975 | 2139595 |
| 6.10%, 10/01/41 | &nbsp;&nbsp; 2094 | 2282931 |
| Horace Mann Educators Corp. |  |  |
| 4.70%, 10/01/30 | &nbsp;&nbsp; 1530 | 1537233 |
| 7.25%, 09/15/28 | &nbsp;&nbsp; 240 | 256975 |
| Jackson Financial, Inc. |  |  |
| 3.13%, 11/23/31 | &nbsp;&nbsp; 3745 | 3417983 |
| 4.00%, 11/23/51 | &nbsp;&nbsp; 3460 | 2351273 |
| 5.17%, 06/08/27 | &nbsp;&nbsp; 3340 | 3382025 |
| 5.67%, 06/08/32<sup>(c)</sup> | &nbsp;&nbsp; 1390 | 1426249 |
| Kemper Corp. |  |  |
| 2.40%, 09/30/30<sup>(c)</sup> | &nbsp;&nbsp; 3135 | 2759483 |
| 3.80%, 02/23/32 | &nbsp;&nbsp; 2080 | 1910499 |
| Lincoln National Corp. |  |  |
| 3.05%, 01/15/30 | &nbsp;&nbsp; 3276 | 3118787 |
| 3.40%, 01/15/31 | &nbsp;&nbsp; 3034 | 2855469 |
| 3.40%, 03/01/32 | &nbsp;&nbsp; 584 | 538068 |
| 3.80%, 03/01/28 | &nbsp;&nbsp; 2569 | 2546938 |
| 4.35%, 03/01/48 | &nbsp;&nbsp; 1609 | 1255365 |
| 5.35%, 11/15/35 | &nbsp;&nbsp; 1425 | 1391052 |
| 5.85%, 03/15/34 | &nbsp;&nbsp; 1535 | 1588434 |
| 6.30%, 10/09/37 | &nbsp;&nbsp; 1660 | 1721569 |
| 7.00%, 06/15/40 | &nbsp;&nbsp; 2553 | 2717306 |
| Loews Corp. |  |  |
| 3.20%, 05/15/30 | &nbsp;&nbsp; 3380 | 3261447 |
| 4.13%, 05/15/43 | &nbsp;&nbsp; 4267 | 3679134 |
| 4.94%, 04/01/36 | &nbsp;&nbsp; 1650 | 1644531 |
| 6.00%, 02/01/35 | &nbsp;&nbsp; 966 | 1054928 |
| Manulife Financial Corp. |  |  |
| 2.48%, 05/19/27 | &nbsp;&nbsp; 3460 | 3406024 |
| 3.70%, 03/16/32 | &nbsp;&nbsp; 3930 | 3793800 |
| 4.99%, 12/11/35 | &nbsp;&nbsp; 2160 | 2165945 |
| 5.38%, 03/04/46 | &nbsp;&nbsp; 3768 | 3755626 |
| Markel Group, Inc. |  |  |
| 3.35%, 09/17/29 | &nbsp;&nbsp; 2235 | 2173968 |
| 3.45%, 05/07/52 | &nbsp;&nbsp; 3160 | 2183184 |
| 3.50%, 11/01/27 | &nbsp;&nbsp; 3447 | 3417909 |
| 4.15%, 09/17/50 | &nbsp;&nbsp; 2651 | 2085161 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.30%, 11/01/47 | &nbsp;&nbsp; $2341 | $1927151 |
| 5.00%, 04/05/46 | &nbsp;&nbsp; 2715 | 2489000 |
| 5.00%, 05/20/49 | &nbsp;&nbsp; 2335 | 2102189 |
| 6.00%, 05/16/54 | &nbsp;&nbsp; 2480 | 2525756 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.25%, 11/15/30 | &nbsp;&nbsp; 4720 | 4332389 |
| 2.38%, 12/15/31 | &nbsp;&nbsp; 1205 | 1087997 |
| 2.90%, 12/15/51 | &nbsp;&nbsp; 2595 | 1650179 |
| 4.20%, 03/01/48 | &nbsp;&nbsp; 4495 | 3696355 |
| 4.35%, 01/30/47 | &nbsp;&nbsp; 3182 | 2692682 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 8277 | 8363036 |
| 4.55%, 11/08/27 | &nbsp;&nbsp; 6770 | 6832955 |
| 4.65%, 03/15/30 | &nbsp;&nbsp; 6155 | 6276640 |
| 4.75%, 03/15/39 | &nbsp;&nbsp; 3408 | 3294354 |
| 4.85%, 11/15/31 | &nbsp;&nbsp; 5890 | 6061533 |
| 4.90%, 03/15/49 | &nbsp;&nbsp; 5471 | 4950436 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 2250 | 2269201 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 9450 | 9616155 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 2041 | 2110127 |
| 5.35%, 11/15/44 | &nbsp;&nbsp; 2415 | 2340244 |
| 5.40%, 09/15/33 | &nbsp;&nbsp; 3005 | 3167151 |
| 5.40%, 03/15/55 | &nbsp;&nbsp; 7045 | 6767493 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 1935 | 1863443 |
| 5.45%, 03/15/54 | &nbsp;&nbsp; 1915 | 1837278 |
| 5.70%, 09/15/53 | &nbsp;&nbsp; 4525 | 4495497 |
| 5.75%, 11/01/32 | &nbsp;&nbsp; 1745 | 1868966 |
| 5.88%, 08/01/33 | &nbsp;&nbsp; 1940 | 2111425 |
| 6.25%, 11/01/52 | &nbsp;&nbsp; 1985 | 2129830 |
| Mercury General Corp., 4.40%, 03/15/27 | &nbsp;&nbsp; 2560 | 2558323 |
| MetLife, Inc. |  |  |
| 4.05%, 03/01/45 | &nbsp;&nbsp; 4616 | 3815634 |
| 4.13%, 08/13/42 | &nbsp;&nbsp; 3933 | 3346093 |
| 4.55%, 03/23/30 | &nbsp;&nbsp; 5992 | 6120488 |
| 4.60%, 05/13/46 | &nbsp;&nbsp; 3549 | 3149360 |
| 4.72%, 12/15/44 | &nbsp;&nbsp; 2826 | 2535864 |
| 4.88%, 11/13/43 | &nbsp;&nbsp; 5020 | 4648433 |
| 5.00%, 07/15/52 | &nbsp;&nbsp; 4325 | 3909961 |
| 5.25%, 01/15/54 | &nbsp;&nbsp; 4420 | 4162785 |
| 5.30%, 12/15/34<sup>(c)</sup> | &nbsp;&nbsp; 4690 | 4876535 |
| 5.38%, 07/15/33 | &nbsp;&nbsp; 3655 | 3846556 |
| 5.70%, 06/15/35 | &nbsp;&nbsp; 7178 | 7659321 |
| 5.88%, 02/06/41 | &nbsp;&nbsp; 4387 | 4618924 |
| 6.38%, 06/15/34 | &nbsp;&nbsp; 3530 | 3936252 |
| 6.40%, 12/15/66 | &nbsp;&nbsp; 5437 | 5696822 |
| 6.50%, 12/15/32 | &nbsp;&nbsp; 3055 | 3433540 |
| 10.75%, 08/01/69 | &nbsp;&nbsp; 3707 | 4924034 |
| Series G, 6.35%, 03/15/55, (5-year CMT + <br> 2.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; 380 | 395790 |
| MGIC Investment Corp., 5.25%, 08/15/28 | &nbsp;&nbsp; 1080 | 1079689 |
| Nationwide Financial Services, Inc., 6.75%, <br> 05/15/87<br>| &nbsp;&nbsp; 844 | 851426 |
| NMI Holdings, Inc., 6.00%, 08/15/29 | &nbsp;&nbsp; 1220 | 1269067 |
| Old Republic International Corp. |  |  |
| 3.85%, 06/11/51 | &nbsp;&nbsp; 3094 | 2245309 |
| 5.75%, 03/28/34 | &nbsp;&nbsp; 2180 | 2285335 |
| PartnerRe Finance B LLC |  |  |
| 3.70%, 07/02/29 | &nbsp;&nbsp; 4756 | 4683444 |
| 4.50%, 10/01/50, (5-year CMT + 3.82%)<sup>(a)</sup> | &nbsp;&nbsp; 507 | 490279 |
| Primerica, Inc., 2.80%, 11/19/31 | &nbsp;&nbsp; 2423 | 2215656 |
| Principal Financial Group, Inc. |  |  |
| 2.13%, 06/15/30 | &nbsp;&nbsp; 3569 | 3268487 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 3.70%, 05/15/29<sup>(c)</sup> | &nbsp;&nbsp; $3070 | $3037206 |
| 4.30%, 11/15/46 | &nbsp;&nbsp; 1974 | 1670210 |
| 4.35%, 05/15/43 | &nbsp;&nbsp; 1933 | 1687298 |
| 4.63%, 09/15/42 | &nbsp;&nbsp; 1926 | 1742344 |
| 5.38%, 03/15/33 | &nbsp;&nbsp; 2375 | 2486457 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 1645 | 1587301 |
| 6.05%, 10/15/36 | &nbsp;&nbsp; 2960 | 3231121 |
| Progressive Corp.(The) |  |  |
| 2.50%, 03/15/27 | &nbsp;&nbsp; 3515 | 3470499 |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 1839 | 1706334 |
| 3.20%, 03/26/30 | &nbsp;&nbsp; 3431 | 3330412 |
| 3.70%, 01/26/45 | &nbsp;&nbsp; 1577 | 1249489 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 2590 | 1942238 |
| 3.95%, 03/26/50 | &nbsp;&nbsp; 2874 | 2259031 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 3462 | 3479245 |
| 4.13%, 04/15/47 | &nbsp;&nbsp; 4503 | 3733180 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 2765 | 2297444 |
| 4.35%, 04/25/44 | &nbsp;&nbsp; 2248 | 1963443 |
| 4.95%, 06/15/33 | &nbsp;&nbsp; 1960 | 2020166 |
| 6.25%, 12/01/32 | &nbsp;&nbsp; 2416 | 2683616 |
| 6.63%, 03/01/29 | &nbsp;&nbsp; 2426 | 2615420 |
| Prudential Financial, Inc. |  |  |
| 2.10%, 03/10/30<sup>(c)</sup> | &nbsp;&nbsp; 3775 | 3528002 |
| 3.00%, 03/10/40 | &nbsp;&nbsp; 2817 | 2197819 |
| 3.70%, 10/01/50, (5-year CMT + 3.04%)<sup>(a)</sup> | &nbsp;&nbsp; 1545 | 1443906 |
| 3.70%, 03/13/51 | &nbsp;&nbsp; 6919 | 5053483 |
| 3.88%, 03/27/28 | &nbsp;&nbsp; 3142 | 3144260 |
| 3.91%, 12/07/47 | &nbsp;&nbsp; 4656 | 3641041 |
| 3.94%, 12/07/49 | &nbsp;&nbsp; 5386 | 4155287 |
| 4.35%, 02/25/50 | &nbsp;&nbsp; 4417 | 3602250 |
| 4.42%, 03/27/48 | &nbsp;&nbsp; 2398 | 2020840 |
| 4.50%, 09/15/47, (3-mo. SOFR US + <br> 2.64%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3815 | 3763314 |
| 4.60%, 05/15/44 | &nbsp;&nbsp; 3646 | 3240931 |
| 5.13%, 03/01/52, (5-year CMT + 3.16%)<sup>(a)</sup> | &nbsp;&nbsp; 3180 | 3130864 |
| 5.20%, 03/14/35 | &nbsp;&nbsp; 2455 | 2516098 |
| 5.70%, 12/14/36 | &nbsp;&nbsp; 3959 | 4189639 |
| 5.70%, 09/15/48, (3-mo. SOFR US + <br> 2.93%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4388 | 4432461 |
| 5.75%, 07/15/33 | &nbsp;&nbsp; 3127 | 3420111 |
| 6.00%, 09/01/52, (5-year CMT + 3.23%)<sup>(a)</sup> | &nbsp;&nbsp; 1356 | 1404669 |
| 6.50%, 03/15/54, (5-year CMT + 2.40%)<sup>(a)</sup> | &nbsp;&nbsp; 4680 | 4933272 |
| 6.63%, 12/01/37 | &nbsp;&nbsp; 2336 | 2689231 |
| 6.63%, 06/21/40 | &nbsp;&nbsp; 2065 | 2337931 |
| 6.75%, 03/01/53, (5-year CMT + 2.85%)<sup>(a)</sup> | &nbsp;&nbsp; 1725 | 1848813 |
| Prudential Funding Asia PLC |  |  |
| 3.13%, 04/14/30 | &nbsp;&nbsp; 3706 | 3577372 |
| 3.63%, 03/24/32 | &nbsp;&nbsp; 2400 | 2323469 |
| Reinsurance Group of America, Inc. |  |  |
| 3.15%, 06/15/30 | &nbsp;&nbsp; 4246 | 4051807 |
| 3.90%, 05/15/29 | &nbsp;&nbsp; 5323 | 5287456 |
| 5.75%, 09/15/34 | &nbsp;&nbsp; 2450 | 2561238 |
| 6.00%, 09/15/33 | &nbsp;&nbsp; 1906 | 2037522 |
| 6.65%, 09/15/55, (5-year CMT + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | 31031 |
| RenaissanceRe Finance, Inc., 3.45%, <br> 07/01/27<br>| &nbsp;&nbsp; 2908 | 2881803 |
| RenaissanceRe Holdings Ltd. |  |  |
| 3.60%, 04/15/29 | &nbsp;&nbsp; 3475 | 3415717 |
| 5.75%, 06/05/33 | &nbsp;&nbsp; 4090 | 4312170 |
| 5.80%, 04/01/35 | &nbsp;&nbsp; 1375 | 1439838 |
| RLI Corp., 5.38%, 06/01/36 | &nbsp;&nbsp; 1325 | 1322467 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Selective Insurance Group, Inc. |  |  |
| 5.38%, 03/01/49 | &nbsp;&nbsp; $750 | $711916 |
| 5.90%, 04/15/35 | &nbsp;&nbsp; 1305 | 1381438 |
| SiriusPoint Ltd., 7.00%, 04/05/29 | &nbsp;&nbsp; 240 | 252870 |
| Stewart Information Services Corp., 3.60%, <br> 11/15/31<br>| &nbsp;&nbsp; 2875 | 2599310 |
| Transatlantic Holdings, Inc., 8.00%, 11/30/39 | &nbsp;&nbsp; 2093 | 2629422 |
| Travelers Companies, Inc.(The) |  |  |
| 2.55%, 04/27/50 | &nbsp;&nbsp; 2746 | 1690787 |
| 3.05%, 06/08/51 | &nbsp;&nbsp; 3889 | 2607319 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 2945 | 2341722 |
| 4.00%, 05/30/47 | &nbsp;&nbsp; 3744 | 3060865 |
| 4.05%, 03/07/48 | &nbsp;&nbsp; 2986 | 2446466 |
| 4.10%, 03/04/49 | &nbsp;&nbsp; 2921 | 2413833 |
| 4.30%, 08/25/45 | &nbsp;&nbsp; 2371 | 2044888 |
| 4.60%, 08/01/43 | &nbsp;&nbsp; 2950 | 2721471 |
| 5.05%, 07/24/35 | &nbsp;&nbsp; 1805 | 1852679 |
| 5.35%, 11/01/40 | &nbsp;&nbsp; 4477 | 4563861 |
| 5.45%, 05/25/53 | &nbsp;&nbsp; 2875 | 2842113 |
| 5.70%, 07/24/55 | &nbsp;&nbsp; 1120 | 1150901 |
| 6.25%, 06/15/37 | &nbsp;&nbsp; 4218 | 4727915 |
| 6.75%, 06/20/36 | &nbsp;&nbsp; 2392 | 2763621 |
| Travelers Property Casualty Corp., 6.38%, <br> 03/15/33<br>| &nbsp;&nbsp; 2633 | 2982002 |
| Unum Group |  |  |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 2821 | 2801203 |
| 4.13%, 06/15/51 | &nbsp;&nbsp; 3090 | 2305533 |
| 4.50%, 12/15/49 | &nbsp;&nbsp; 1975 | 1550700 |
| 5.25%, 12/15/35 | &nbsp;&nbsp; 1190 | 1179644 |
| 5.75%, 08/15/42 | &nbsp;&nbsp; 3490 | 3463692 |
| 6.00%, 06/15/54 | &nbsp;&nbsp; 1335 | 1302633 |
| W R Berkley Corp. |  |  |
| 3.15%, 09/30/61 | &nbsp;&nbsp; 1655 | 1017836 |
| 3.55%, 03/30/52 | &nbsp;&nbsp; 1433 | 1031307 |
| 4.00%, 05/12/50 | &nbsp;&nbsp; 2606 | 2066539 |
| 4.75%, 08/01/44 | &nbsp;&nbsp; 3158 | 2889716 |
| Willis North America, Inc. |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 3974 | 3801907 |
| 3.88%, 09/15/49 | &nbsp;&nbsp; 3420 | 2549595 |
| 4.50%, 09/15/28 | &nbsp;&nbsp; 4313 | 4340322 |
| 4.55%, 03/15/31 | &nbsp;&nbsp; 3080 | 3082829 |
| 4.65%, 06/15/27 | &nbsp;&nbsp; 4948 | 4979587 |
| 5.05%, 09/15/48 | &nbsp;&nbsp; 2395 | 2164748 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 1935 | 1939361 |
| 5.35%, 05/15/33 | &nbsp;&nbsp; 2125 | 2188955 |
| 5.90%, 03/05/54 | &nbsp;&nbsp; 3735 | 3698719 |
| XL Group Ltd., 5.25%, 12/15/43 | &nbsp;&nbsp; 2300 | 2211475 |
|  |  | 1080884511 |
| **Internet — 0.6%** | **Internet — 0.6%** | **Internet — 0.6%** |
| Alibaba Group Holding Ltd. |  |  |
| 2.13%, 02/09/31 | &nbsp;&nbsp; 5350 | 4912464 |
| 2.70%, 02/09/41 | &nbsp;&nbsp; 4915 | 3738733 |
| 3.15%, 02/09/51 | &nbsp;&nbsp; 7650 | 5290198 |
| 3.25%, 02/09/61 | &nbsp;&nbsp; 4808 | 3172124 |
| 3.40%, 12/06/27<sup>(c)</sup> | &nbsp;&nbsp; 12274 | 12195384 |
| 4.00%, 12/06/37 | &nbsp;&nbsp; 5245 | 4895668 |
| 4.20%, 12/06/47 | &nbsp;&nbsp; 8465 | 7162287 |
| 4.40%, 12/06/57 | &nbsp;&nbsp; 4625 | 3905636 |
| 4.50%, 11/28/34 | &nbsp;&nbsp; 3302 | 3306289 |
| 4.88%, 05/26/30 | &nbsp;&nbsp; 480 | 498451 |
| 5.25%, 05/26/35<sup>(c)</sup> | &nbsp;&nbsp; 1510 | 1587719 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 5.63%, 11/26/54<sup>(c)</sup> | &nbsp;&nbsp; $2845 | $2923512 |
| Alphabet, Inc. |  |  |
| 0.80%, 08/15/27 | &nbsp;&nbsp; 6475 | 6230127 |
| 1.10%, 08/15/30 | &nbsp;&nbsp; 11899 | 10605304 |
| 1.90%, 08/15/40 | &nbsp;&nbsp; 7213 | 4979945 |
| 2.05%, 08/15/50 | &nbsp;&nbsp; 13013 | 7176552 |
| 2.25%, 08/15/60<sup>(c)</sup> | &nbsp;&nbsp; 7285 | 3824996 |
| 3.70%, 02/15/29 | &nbsp;&nbsp; 9325 | 9332273 |
| 3.88%, 11/15/28 | &nbsp;&nbsp; 1815 | 1827880 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 5665 | 5704197 |
| 4.10%, 11/15/30 | &nbsp;&nbsp; 7665 | 7732602 |
| 4.10%, 02/15/31 | &nbsp;&nbsp; 8805 | 8865467 |
| 4.38%, 11/15/32 | &nbsp;&nbsp; 2385 | 2417096 |
| 4.40%, 02/15/33 | &nbsp;&nbsp; 7090 | 7150991 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 3515 | 3537008 |
| 4.70%, 11/15/35 | &nbsp;&nbsp; 13395 | 13559925 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 18825 | 19131284 |
| 5.25%, 05/15/55 | &nbsp;&nbsp; 3550 | 3442903 |
| 5.30%, 05/15/65 | &nbsp;&nbsp; 4680 | 4433555 |
| 5.35%, 11/15/45 | &nbsp;&nbsp; 7075 | 7102588 |
| 5.45%, 11/15/55 | &nbsp;&nbsp; 7720 | 7670037 |
| 5.50%, 02/15/46 | &nbsp;&nbsp; 11155 | 11371720 |
| 5.65%, 02/15/56 | &nbsp;&nbsp; 5800 | 5931251 |
| 5.70%, 11/15/75 | &nbsp;&nbsp; 7525 | 7520333 |
| 5.75%, 02/15/66 | &nbsp;&nbsp; 7690 | 7830113 |
| Amazon.com, Inc. |  |  |
| 1.20%, 06/03/27 | &nbsp;&nbsp; 3448 | 3347227 |
| 1.50%, 06/03/30 | &nbsp;&nbsp; 10245 | 9286673 |
| 1.65%, 05/12/28 | &nbsp;&nbsp; 11687 | 11205763 |
| 2.10%, 05/12/31 | &nbsp;&nbsp; 12055 | 10977335 |
| 2.50%, 06/03/50 | &nbsp;&nbsp; 11131 | 6738649 |
| 2.70%, 06/03/60 | &nbsp;&nbsp; 9040 | 5108268 |
| 2.88%, 05/12/41 | &nbsp;&nbsp; 10229 | 7848400 |
| 3.10%, 05/12/51 | &nbsp;&nbsp; 13900 | 9443410 |
| 3.15%, 08/22/27 | &nbsp;&nbsp; 15973 | 15885365 |
| 3.25%, 05/12/61 | &nbsp;&nbsp; 8452 | 5436178 |
| 3.30%, 04/13/27 | &nbsp;&nbsp; 7255 | 7230507 |
| 3.45%, 04/13/29 | &nbsp;&nbsp; 6610 | 6561854 |
| 3.60%, 04/13/32 | &nbsp;&nbsp; 10130 | 9862169 |
| 3.88%, 08/22/37 | &nbsp;&nbsp; 12807 | 11881801 |
| 3.90%, 11/20/28 | &nbsp;&nbsp; 7400 | 7441037 |
| 3.95%, 04/13/52 | &nbsp;&nbsp; 10420 | 8226496 |
| 4.05%, 08/22/47 | &nbsp;&nbsp; 15571 | 12864555 |
| 4.10%, 11/20/30 | &nbsp;&nbsp; 9385 | 9453357 |
| 4.10%, 04/13/62 | &nbsp;&nbsp; 5428 | 4176784 |
| 4.25%, 08/22/57 | &nbsp;&nbsp; 10241 | 8257632 |
| 4.35%, 03/20/33 | &nbsp;&nbsp; 6600 | 6651743 |
| 4.55%, 12/01/27 | &nbsp;&nbsp; 4414 | 4482419 |
| 4.65%, 12/01/29 | &nbsp;&nbsp; 6810 | 7006967 |
| 4.65%, 11/20/35 | &nbsp;&nbsp; 12800 | 12859867 |
| 4.70%, 12/01/32 | &nbsp;&nbsp; 8835 | 9135099 |
| 4.80%, 12/05/34 | &nbsp;&nbsp; 6350 | 6581078 |
| 4.95%, 12/05/44<sup>(c)</sup> | &nbsp;&nbsp; 6868 | 6659979 |
| 5.45%, 11/20/55 | &nbsp;&nbsp; 13980 | 13752898 |
| 5.55%, 11/20/65 | &nbsp;&nbsp; 9055 | 8856588 |
| AppLovin Corp. |  |  |
| 5.13%, 12/01/29 | &nbsp;&nbsp; 4075 | 4161793 |
| 5.38%, 12/01/31 | &nbsp;&nbsp; 1795 | 1848754 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 3760 | 3831911 |
| 5.95%, 12/01/54 | &nbsp;&nbsp; 2710 | 2596712 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| Baidu, Inc. |  |  |
| 2.38%, 08/23/31<sup>(c)</sup> | &nbsp;&nbsp; $760 | $700538 |
| 3.43%, 04/07/30 | &nbsp;&nbsp; 1425 | 1396122 |
| 3.63%, 07/06/27 | &nbsp;&nbsp; 1964 | 1958561 |
| 4.38%, 03/29/28 | &nbsp;&nbsp; 2260 | 2280781 |
| 4.88%, 11/14/28 | &nbsp;&nbsp; 1965 | 2011983 |
| Booking Holdings, Inc., 3.55%, 03/15/28 | &nbsp;&nbsp; 3269 | 3247605 |
| eBay, Inc. |  |  |
| 2.60%, 05/10/31 | &nbsp;&nbsp; 4345 | 3999016 |
| 2.70%, 03/11/30 | &nbsp;&nbsp; 4600 | 4359204 |
| 3.60%, 06/05/27 | &nbsp;&nbsp; 4470 | 4453138 |
| 3.65%, 05/10/51 | &nbsp;&nbsp; 5134 | 3815074 |
| 4.00%, 07/15/42 | &nbsp;&nbsp; 4656 | 3886649 |
| 4.25%, 03/06/29 | &nbsp;&nbsp; 1365 | 1374488 |
| 5.13%, 11/06/35 | &nbsp;&nbsp; 2260 | 2281849 |
| 5.95%, 11/22/27 | &nbsp;&nbsp; 2715 | 2803060 |
| 6.30%, 11/22/32 | &nbsp;&nbsp; 1925 | 2114713 |
| Expedia Group, Inc. |  |  |
| 2.95%, 03/15/31 | &nbsp;&nbsp; 3063 | 2847449 |
| 3.25%, 02/15/30 | &nbsp;&nbsp; 6394 | 6135118 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 4154 | 4133615 |
| 4.63%, 08/01/27 | &nbsp;&nbsp; 2211 | 2225820 |
| 5.40%, 02/15/35<sup>(c)</sup> | &nbsp;&nbsp; 3805 | 3841075 |
| JD.com, Inc. |  |  |
| 3.38%, 01/14/30<sup>(c)</sup> | &nbsp;&nbsp; 2265 | 2222386 |
| 4.13%, 01/14/50<sup>(c)</sup> | &nbsp;&nbsp; 1900 | 1607751 |
| MercadoLibre, Inc. |  |  |
| 3.13%, 01/14/31 | &nbsp;&nbsp; 160 | 149572 |
| 4.90%, 01/15/33 | &nbsp;&nbsp; 1220 | 1215767 |
| Meta Platforms, Inc. |  |  |
| 3.50%, 08/15/27 | &nbsp;&nbsp; 16835 | 16820928 |
| 3.85%, 08/15/32 | &nbsp;&nbsp; 15605 | 15294683 |
| 4.20%, 11/15/30 | &nbsp;&nbsp; 10720 | 10819883 |
| 4.30%, 08/15/29 | &nbsp;&nbsp; 6195 | 6293225 |
| 4.45%, 08/15/52 | &nbsp;&nbsp; 11885 | 9750880 |
| 4.55%, 08/15/31 | &nbsp;&nbsp; 6325 | 6475506 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 6485 | 6613537 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 5740 | 5835865 |
| 4.65%, 08/15/62 | &nbsp;&nbsp; 7200 | 5840773 |
| 4.75%, 08/15/34 | &nbsp;&nbsp; 13330 | 13542595 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 6050 | 6249520 |
| 4.88%, 11/15/35 | &nbsp;&nbsp; 9000 | 9083172 |
| 4.95%, 05/15/33 | &nbsp;&nbsp; 9615 | 9942602 |
| 5.40%, 08/15/54 | &nbsp;&nbsp; 11820 | 11154573 |
| 5.50%, 11/15/45 | &nbsp;&nbsp; 23540 | 23243819 |
| 5.55%, 08/15/64 | &nbsp;&nbsp; 13050 | 12288379 |
| 5.60%, 05/15/53 | &nbsp;&nbsp; 11345 | 11034775 |
| 5.63%, 11/15/55 | &nbsp;&nbsp; 14620 | 14310424 |
| 5.75%, 05/15/63 | &nbsp;&nbsp; 8275 | 8043042 |
| 5.75%, 11/15/65 | &nbsp;&nbsp; 21260 | 20696445 |
| Netflix, Inc. |  |  |
| 4.88%, 04/15/28 | &nbsp;&nbsp; 4815 | 4921982 |
| 4.90%, 08/15/34<sup>(c)</sup> | &nbsp;&nbsp; 2860 | 2948382 |
| 5.40%, 08/15/54 | &nbsp;&nbsp; 3430 | 3403586 |
| 5.88%, 11/15/28 | &nbsp;&nbsp; 3700 | 3890042 |
| 6.38%, 05/15/29 | &nbsp;&nbsp; 5000 | 5370871 |
| Tencent Music Entertainment Group, 2.00%, <br> 09/03/30<br>| &nbsp;&nbsp; 3891 | 3575573 |
| Uber Technologies, Inc. |  |  |
| 4.15%, 01/15/31 | &nbsp;&nbsp; 4260 | 4243635 |
| 4.30%, 01/15/30 | &nbsp;&nbsp; 2350 | 2364259 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 4.80%, 09/15/34 | &nbsp;&nbsp; $6640 | $6657814 |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 4770 | 4737737 |
| 5.35%, 09/15/54 | &nbsp;&nbsp; 5660 | 5397375 |
| VeriSign, Inc. |  |  |
| 2.70%, 06/15/31 | &nbsp;&nbsp; 4485 | 4085610 |
| 4.75%, 07/15/27 | &nbsp;&nbsp; 4065 | 4065729 |
| 5.25%, 06/01/32 | &nbsp;&nbsp; 625 | 638916 |
| Weibo Corp., 3.38%, 07/08/30<sup>(c)</sup> | &nbsp;&nbsp; 4924 | 4729285 |
|  |  | 830052636 |
| **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** |
| ArcelorMittal SA |  |  |
| 4.25%, 07/16/29 | &nbsp;&nbsp; 2747 | 2760816 |
| 6.00%, 06/17/34<sup>(c)</sup> | &nbsp;&nbsp; 2340 | 2533817 |
| 6.35%, 06/17/54<sup>(c)</sup> | &nbsp;&nbsp; 2670 | 2862345 |
| 6.55%, 11/29/27 | &nbsp;&nbsp; 6050 | 6286756 |
| 6.75%, 03/01/41 | &nbsp;&nbsp; 2340 | 2608331 |
| 6.80%, 11/29/32<sup>(c)</sup> | &nbsp;&nbsp; 4295 | 4870426 |
| 7.00%, 10/15/39 | &nbsp;&nbsp; 3045 | 3517198 |
| Gerdau Trade, Inc., 5.75%, 06/09/35 | &nbsp;&nbsp; 200 | 207842 |
| Nucor Corp. |  |  |
| 2.70%, 06/01/30 | &nbsp;&nbsp; 3294 | 3124372 |
| 2.98%, 12/15/55 | &nbsp;&nbsp; 1622 | 1034038 |
| 3.13%, 04/01/32 | &nbsp;&nbsp; 2065 | 1939991 |
| 3.85%, 04/01/52 | &nbsp;&nbsp; 3170 | 2455530 |
| 3.95%, 05/01/28 | &nbsp;&nbsp; 2723 | 2729700 |
| 4.30%, 05/23/27 | &nbsp;&nbsp; 4725 | 4754384 |
| 4.40%, 05/01/48 | &nbsp;&nbsp; 2054 | 1774218 |
| 4.65%, 06/01/30 | &nbsp;&nbsp; 2635 | 2696505 |
| 5.10%, 06/01/35 | &nbsp;&nbsp; 2220 | 2293286 |
| 5.20%, 08/01/43 | &nbsp;&nbsp; 1550 | 1529111 |
| 6.40%, 12/01/37 | &nbsp;&nbsp; 1711 | 1931322 |
| Reliance, Inc., 2.15%, 08/15/30 | &nbsp;&nbsp; 1025 | 938683 |
| Steel Dynamics, Inc. |  |  |
| 1.65%, 10/15/27 | &nbsp;&nbsp; 1720 | 1659095 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 3231 | 3091697 |
| 3.25%, 10/15/50 | &nbsp;&nbsp; 2619 | 1787148 |
| 3.45%, 04/15/30 | &nbsp;&nbsp; 2484 | 2415926 |
| 4.00%, 12/15/28 | &nbsp;&nbsp; 2780 | 2781792 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 3500 | 3589990 |
| 5.38%, 08/15/34 | &nbsp;&nbsp; 2505 | 2602760 |
| 5.75%, 05/15/55 | &nbsp;&nbsp; 1465 | 1459010 |
| Vale Overseas Ltd. |  |  |
| 3.75%, 07/08/30 | &nbsp;&nbsp; 4764 | 4617453 |
| 6.13%, 06/12/33 | &nbsp;&nbsp; 6535 | 7036028 |
| 6.40%, 06/28/54 | &nbsp;&nbsp; 4910 | 5146679 |
| 6.88%, 11/21/36 | &nbsp;&nbsp; 2836 | 3249137 |
| 6.88%, 11/10/39 | &nbsp;&nbsp; 1431 | 1632909 |
| Vale SA, 5.63%, 09/11/42 | &nbsp;&nbsp; 1176 | 1198106 |
|  |  | 95116401 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| Brunswick Corp. |  |  |
| 2.40%, 08/18/31 | &nbsp;&nbsp; 2354 | 2092198 |
| 4.40%, 09/15/32 | &nbsp;&nbsp; 2720 | 2643505 |
| Brunswick Corp/DE, 5.85%, 03/18/29<sup>(c)</sup> | &nbsp;&nbsp; 2110 | 2193416 |
| Harley-Davidson, Inc., 4.63%, 07/28/45 | &nbsp;&nbsp; 1924 | 1539678 |
| Polaris, Inc. |  |  |
| 5.60%, 03/01/31 | &nbsp;&nbsp; 1855 | 1887515 |
| 6.95%, 03/15/29 | &nbsp;&nbsp; 1390 | 1473994 |
| Royal Caribbean Cruises Ltd. |  |  |
| 3.70%, 03/15/28 | &nbsp;&nbsp; 515 | 511796 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Leisure Time (continued)** | **Leisure Time (continued)** | **Leisure Time (continued)** |
| 4.75%, 05/15/33 | &nbsp;&nbsp; $3345 | $3369392 |
| 5.25%, 02/27/38 | &nbsp;&nbsp; 6105 | 6114354 |
| 5.38%, 01/15/36 | &nbsp;&nbsp; 6120 | 6247957 |
| 7.50%, 10/15/27 | &nbsp;&nbsp; 120 | 126379 |
|  |  | 28200184 |
| **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** |
| Choice Hotels International, Inc. |  |  |
| 3.70%, 12/01/29 | &nbsp;&nbsp; 2206 | 2156892 |
| 3.70%, 01/15/31 | &nbsp;&nbsp; 2320 | 2235147 |
| 5.85%, 08/01/34 | &nbsp;&nbsp; 2515 | 2607485 |
| Hyatt Hotels Corp. |  |  |
| 4.38%, 09/15/28 | &nbsp;&nbsp; 3325 | 3343136 |
| 5.05%, 03/30/28 | &nbsp;&nbsp; 2050 | 2090959 |
| 5.25%, 06/30/29 | &nbsp;&nbsp; 1860 | 1921395 |
| 5.38%, 12/15/31 | &nbsp;&nbsp; 2460 | 2547700 |
| 5.40%, 12/15/35 | &nbsp;&nbsp; 1785 | 1821484 |
| 5.50%, 06/30/34 | &nbsp;&nbsp; 1410 | 1469791 |
| 5.75%, 04/23/30 | &nbsp;&nbsp; 2302 | 2418508 |
| 5.75%, 03/30/32 | &nbsp;&nbsp; 1460 | 1540341 |
| Las Vegas Sands Corp. |  |  |
| 3.90%, 08/08/29 | &nbsp;&nbsp; 5170 | 5061151 |
| 5.63%, 06/15/28 | &nbsp;&nbsp; 3700 | 3789668 |
| 5.90%, 06/01/27 | &nbsp;&nbsp; 3380 | 3438027 |
| 6.00%, 08/15/29 | &nbsp;&nbsp; 2755 | 2882262 |
| 6.00%, 06/14/30 | &nbsp;&nbsp; 2945 | 3092110 |
| 6.20%, 08/15/34 | &nbsp;&nbsp; 2615 | 2761449 |
| Marriott International, Inc., 5.50%, 04/15/37 | &nbsp;&nbsp; 7205 | 7441689 |
| Marriott International, Inc./MD |  |  |
| 4.20%, 07/15/27 | &nbsp;&nbsp; 1160 | 1165166 |
| 4.50%, 10/15/31 | &nbsp;&nbsp; 4460 | 4506549 |
| 4.50%, 05/01/33 | &nbsp;&nbsp; 1650 | 1645430 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 3000 | 3078268 |
| 4.88%, 05/15/29 | &nbsp;&nbsp; 1575 | 1615316 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 4355 | 4461496 |
| 5.00%, 10/15/27 | &nbsp;&nbsp; 4120 | 4186636 |
| 5.10%, 04/15/32 | &nbsp;&nbsp; 2540 | 2639371 |
| 5.10%, 05/01/38 | &nbsp;&nbsp; 2500 | 2477240 |
| 5.25%, 10/15/35 | &nbsp;&nbsp; 2610 | 2674259 |
| 5.30%, 05/15/34 | &nbsp;&nbsp; 3295 | 3420814 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 3110 | 3224494 |
| 5.55%, 10/15/28 | &nbsp;&nbsp; 2975 | 3088387 |
| Series AA, 4.65%, 12/01/28 | &nbsp;&nbsp; 2929 | 2975226 |
| Series FF, 4.63%, 06/15/30 | &nbsp;&nbsp; 5162 | 5257142 |
| Series GG, 3.50%, 10/15/32 | &nbsp;&nbsp; 4119 | 3885533 |
| Series HH, 2.85%, 04/15/31 | &nbsp;&nbsp; 2981 | 2790129 |
| Series II, 2.75%, 10/15/33 | &nbsp;&nbsp; 4495 | 3980745 |
| Series X, 4.00%, 04/15/28 | &nbsp;&nbsp; 2084 | 2088183 |
| Sands China Ltd. |  |  |
| 2.30%, 03/08/27 | &nbsp;&nbsp; 2640 | 2591415 |
| 2.85%, 03/08/29 | &nbsp;&nbsp; 3050 | 2916685 |
| 3.25%, 08/08/31 | &nbsp;&nbsp; 2860 | 2661177 |
| 4.38%, 06/18/30 | &nbsp;&nbsp; 3305 | 3268759 |
| 5.40%, 08/08/28 | &nbsp;&nbsp; 4820 | 4920864 |
|  |  | 128138478 |
| **Machinery — 0.3%** | **Machinery — 0.3%** | **Machinery — 0.3%** |
| AGCO Corp. |  |  |
| 5.45%, 03/21/27 | &nbsp;&nbsp; 3065 | 3101336 |
| 5.80%, 03/21/34 | &nbsp;&nbsp; 2925 | 3092160 |
| Caterpillar Financial Services Corp. |  |  |
| 1.10%, 09/14/27 | &nbsp;&nbsp; 3086 | 2971728 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| 3.60%, 08/12/27 | &nbsp;&nbsp; $4545 | $4543612 |
| 3.70%, 01/10/28 | &nbsp;&nbsp; 1700 | 1703710 |
| 3.75%, 02/23/29 | &nbsp;&nbsp; 2615 | 2616806 |
| 3.95%, 11/14/28 | &nbsp;&nbsp; 3435 | 3452585 |
| 4.15%, 01/08/31 | &nbsp;&nbsp; 1670 | 1683599 |
| 4.38%, 08/16/29 | &nbsp;&nbsp; 2125 | 2165020 |
| 4.40%, 10/15/27 | &nbsp;&nbsp; 2345 | 2371786 |
| 4.40%, 03/03/28 | &nbsp;&nbsp; 1610 | 1632346 |
| 4.60%, 11/15/27 | &nbsp;&nbsp; 3320 | 3370509 |
| 4.70%, 11/15/29 | &nbsp;&nbsp; 3995 | 4116053 |
| 4.80%, 01/08/30 | &nbsp;&nbsp; 1690 | 1754679 |
| 4.85%, 02/27/29 | &nbsp;&nbsp; 2785 | 2875291 |
| 5.00%, 05/14/27 | &nbsp;&nbsp; 3790 | 3849348 |
| Series K, 4.10%, 08/15/28 | &nbsp;&nbsp; 2720 | 2743907 |
| Caterpillar, Inc. |  |  |
| 1.90%, 03/12/31 | &nbsp;&nbsp; 2035 | 1849183 |
| 2.60%, 09/19/29 | &nbsp;&nbsp; 3496 | 3361011 |
| 2.60%, 04/09/30 | &nbsp;&nbsp; 5600 | 5339990 |
| 3.25%, 09/19/49 | &nbsp;&nbsp; 5169 | 3759102 |
| 3.25%, 04/09/50 | &nbsp;&nbsp; 4647 | 3378943 |
| 3.80%, 08/15/42 | &nbsp;&nbsp; 7513 | 6420242 |
| 4.30%, 05/15/44 | &nbsp;&nbsp; 2517 | 2249240 |
| 4.75%, 05/15/64 | &nbsp;&nbsp; 1528 | 1366058 |
| 5.20%, 05/15/35 | &nbsp;&nbsp; 6780 | 7102761 |
| 5.20%, 05/27/41 | &nbsp;&nbsp; 3646 | 3736451 |
| 5.30%, 09/15/35 | &nbsp;&nbsp; 1645 | 1756665 |
| 5.50%, 05/15/55<sup>(c)</sup> | &nbsp;&nbsp; 2000 | 2070697 |
| 6.05%, 08/15/36 | &nbsp;&nbsp; 2648 | 2989783 |
| CNH Industrial Capital LLC |  |  |
| 4.38%, 03/07/31 | &nbsp;&nbsp; 1470 | 1468184 |
| 4.50%, 10/08/27 | &nbsp;&nbsp; 1640 | 1651172 |
| 4.50%, 10/16/30 | &nbsp;&nbsp; 2285 | 2302193 |
| 4.55%, 04/10/28 | &nbsp;&nbsp; 3305 | 3336956 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 2085 | 2112966 |
| 5.10%, 04/20/29 | &nbsp;&nbsp; 3185 | 3275333 |
| 5.50%, 01/12/29 | &nbsp;&nbsp; 2280 | 2365502 |
| CNH Industrial NV, 3.85%, 11/15/27 | &nbsp;&nbsp; 3550 | 3542019 |
| Deere & Co. |  |  |
| 2.88%, 09/07/49 | &nbsp;&nbsp; 4040 | 2783566 |
| 3.10%, 04/15/30 | &nbsp;&nbsp; 4126 | 4005233 |
| 3.75%, 04/15/50 | &nbsp;&nbsp; 5191 | 4146054 |
| 3.90%, 06/09/42 | &nbsp;&nbsp; 5489 | 4816055 |
| 5.38%, 10/16/29 | &nbsp;&nbsp; 3200 | 3372786 |
| 5.45%, 01/16/35 | &nbsp;&nbsp; 5050 | 5391291 |
| 5.70%, 01/19/55 | &nbsp;&nbsp; 725 | 767763 |
| 7.13%, 03/03/31 | &nbsp;&nbsp; 2525 | 2893181 |
| Deere Funding Canada Corp., 4.15%, <br> 10/09/30<br>| &nbsp;&nbsp; 1525 | 1534410 |
| Dover Corp. |  |  |
| 2.95%, 11/04/29 | &nbsp;&nbsp; 3095 | 2982518 |
| 5.38%, 10/15/35 | &nbsp;&nbsp; 1052 | 1124882 |
| 5.38%, 03/01/41 | &nbsp;&nbsp; 2570 | 2672481 |
| Eaton Capital ULC, 4.45%, 05/09/30 | &nbsp;&nbsp; 3480 | 3538592 |
| Flowserve Corp. |  |  |
| 2.80%, 01/15/32 | &nbsp;&nbsp; 2420 | 2201165 |
| 3.50%, 10/01/30 | &nbsp;&nbsp; 2998 | 2894100 |
| GE Vernova, Inc. |  |  |
| 4.25%, 02/04/31 | &nbsp;&nbsp; 2080 | 2094816 |
| 4.88%, 02/04/36 | &nbsp;&nbsp; 3075 | 3113533 |
| 5.50%, 02/04/56 | &nbsp;&nbsp; 1080 | 1071307 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| IDEX Corp. |  |  |
| 2.63%, 06/15/31 | &nbsp;&nbsp; $2540 | $2330714 |
| 3.00%, 05/01/30 | &nbsp;&nbsp; 3059 | 2929633 |
| 4.95%, 09/01/29 | &nbsp;&nbsp; 1450 | 1489128 |
| Ingersoll Rand, Inc. |  |  |
| 5.18%, 06/15/29 | &nbsp;&nbsp; 2270 | 2352473 |
| 5.20%, 06/15/27 | &nbsp;&nbsp; 3330 | 3377335 |
| 5.31%, 06/15/31 | &nbsp;&nbsp; 1370 | 1438727 |
| 5.40%, 08/14/28 | &nbsp;&nbsp; 1105 | 1141936 |
| 5.45%, 06/15/34 | &nbsp;&nbsp; 3195 | 3349984 |
| 5.70%, 08/14/33 | &nbsp;&nbsp; 4220 | 4508669 |
| 5.70%, 06/15/54 | &nbsp;&nbsp; 2380 | 2418984 |
| John Deere Capital Corp. |  |  |
| 1.45%, 01/15/31 | &nbsp;&nbsp; 3550 | 3166882 |
| 1.50%, 03/06/28 | &nbsp;&nbsp; 2477 | 2377146 |
| 1.75%, 03/09/27 | &nbsp;&nbsp; 3096 | 3036424 |
| 2.00%, 06/17/31 | &nbsp;&nbsp; 2654 | 2400261 |
| 2.35%, 03/08/27 | &nbsp;&nbsp; 1388 | 1369585 |
| 2.45%, 01/09/30<sup>(c)</sup> | &nbsp;&nbsp; 3416 | 3258149 |
| 2.80%, 09/08/27 | &nbsp;&nbsp; 3252 | 3211137 |
| 2.80%, 07/18/29 | &nbsp;&nbsp; 3361 | 3254949 |
| 3.05%, 01/06/28 | &nbsp;&nbsp; 2725 | 2696689 |
| 3.35%, 04/18/29 | &nbsp;&nbsp; 3420 | 3375695 |
| 3.45%, 03/07/29 | &nbsp;&nbsp; 3649 | 3617956 |
| 3.90%, 06/07/32 | &nbsp;&nbsp; 2520 | 2497357 |
| 4.15%, 09/15/27 | &nbsp;&nbsp; 4285 | 4317258 |
| 4.20%, 07/15/27 | &nbsp;&nbsp; 3910 | 3938973 |
| 4.35%, 09/15/32 | &nbsp;&nbsp; 3080 | 3117710 |
| 4.38%, 10/15/30 | &nbsp;&nbsp; 2150 | 2187175 |
| 4.40%, 09/08/31 | &nbsp;&nbsp; 4215 | 4296440 |
| 4.50%, 01/16/29 | &nbsp;&nbsp; 3840 | 3925213 |
| 4.65%, 01/07/28 | &nbsp;&nbsp; 3070 | 3126553 |
| 4.70%, 06/10/30 | &nbsp;&nbsp; 4210 | 4341447 |
| 4.75%, 01/20/28<sup>(c)</sup> | &nbsp;&nbsp; 2335 | 2383191 |
| 4.85%, 03/05/27 | &nbsp;&nbsp; 2135 | 2159378 |
| 4.85%, 06/11/29 | &nbsp;&nbsp; 3505 | 3618071 |
| 4.85%, 10/11/29 | &nbsp;&nbsp; 2750 | 2855891 |
| 4.90%, 06/11/27 | &nbsp;&nbsp; 3445 | 3499026 |
| 4.90%, 03/03/28 | &nbsp;&nbsp; 1860 | 1905671 |
| 4.90%, 03/07/31 | &nbsp;&nbsp; 4215 | 4390465 |
| 4.95%, 07/14/28 | &nbsp;&nbsp; 4245 | 4362564 |
| 5.10%, 04/11/34 | &nbsp;&nbsp; 4640 | 4850240 |
| 5.15%, 09/08/33 | &nbsp;&nbsp; 3845 | 4063244 |
| Series 1, 5.05%, 06/12/34 | &nbsp;&nbsp; 3785 | 3944728 |
| Series I, 4.25%, 06/05/28 | &nbsp;&nbsp; 3370 | 3414426 |
| Series I, 4.55%, 06/05/30 | &nbsp;&nbsp; 3255 | 3335092 |
| Nordson Corp. |  |  |
| 4.50%, 12/15/29 | &nbsp;&nbsp; 2180 | 2209867 |
| 5.60%, 09/15/28 | &nbsp;&nbsp; 2410 | 2493631 |
| 5.80%, 09/15/33 | &nbsp;&nbsp; 1745 | 1865547 |
| nVent Finance SARL |  |  |
| 2.75%, 11/15/31 | &nbsp;&nbsp; 1878 | 1703990 |
| 4.55%, 04/15/28 | &nbsp;&nbsp; 3454 | 3481570 |
| 5.65%, 05/15/33 | &nbsp;&nbsp; 1885 | 1989068 |
| Oshkosh Corp. |  |  |
| 3.10%, 03/01/30 | &nbsp;&nbsp; 2121 | 2038488 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 2358 | 2381224 |
| Otis Worldwide Corp. |  |  |
| 2.29%, 04/05/27 | &nbsp;&nbsp; 2258 | 2221801 |
| 2.57%, 02/15/30 | &nbsp;&nbsp; 7796 | 7366986 |
| 3.11%, 02/15/40 | &nbsp;&nbsp; 4358 | 3485357 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| 3.36%, 02/15/50<sup>(c)</sup> | &nbsp;&nbsp; $4456 | $3198376 |
| 5.13%, 11/19/31 | &nbsp;&nbsp; 610 | 637938 |
| 5.13%, 09/04/35 | &nbsp;&nbsp; 2070 | 2129773 |
| 5.25%, 08/16/28 | &nbsp;&nbsp; 3615 | 3728388 |
| Regal Rexnord Corp. |  |  |
| 6.05%, 04/15/28 | &nbsp;&nbsp; 6615 | 6859316 |
| 6.30%, 02/15/30 | &nbsp;&nbsp; 6455 | 6895333 |
| 6.40%, 04/15/33 | &nbsp;&nbsp; 5810 | 6326333 |
| Rockwell Automation, Inc. |  |  |
| 1.75%, 08/15/31 | &nbsp;&nbsp; 2545 | 2254139 |
| 2.80%, 08/15/61 | &nbsp;&nbsp; 2568 | 1501352 |
| 3.50%, 03/01/29 | &nbsp;&nbsp; 3308 | 3271043 |
| 4.20%, 03/01/49 | &nbsp;&nbsp; 2253 | 1910643 |
| Vertiv Holdings Co. |  |  |
| 4.85%, 03/15/36 | &nbsp;&nbsp; 995 | 991122 |
| 5.65%, 03/15/46 | &nbsp;&nbsp; 1235 | 1226198 |
| 5.80%, 03/15/56 | &nbsp;&nbsp; 540 | 540604 |
| 5.95%, 03/15/66 | &nbsp;&nbsp; 1165 | 1160173 |
| Westinghouse Air Brake Technologies Corp. |  |  |
| 4.70%, 09/15/28 | &nbsp;&nbsp; 7255 | 7367998 |
| 4.90%, 05/29/30 | &nbsp;&nbsp; 2480 | 2553269 |
| 5.50%, 05/29/35 | &nbsp;&nbsp; 3380 | 3557190 |
| 5.61%, 03/11/34 | &nbsp;&nbsp; 1295 | 1373595 |
| Xylem, Inc. |  |  |
| 1.95%, 01/30/28 | &nbsp;&nbsp; 4922 | 4751060 |
| 2.25%, 01/30/31<sup>(c)</sup> | &nbsp;&nbsp; 3138 | 2869178 |
| 4.38%, 11/01/46 | &nbsp;&nbsp; 2175 | 1901869 |
|  |  | 396757647 |
| **Manufacturing — 0.1%** | **Manufacturing — 0.1%** | **Manufacturing — 0.1%** |
| 3M Co. |  |  |
| 2.38%, 08/26/29 | &nbsp;&nbsp; 5025 | 4770501 |
| 2.88%, 10/15/27 | &nbsp;&nbsp; 4623 | 4560250 |
| 3.05%, 04/15/30 | &nbsp;&nbsp; 3570 | 3437142 |
| 3.13%, 09/19/46 | &nbsp;&nbsp; 2067 | 1462799 |
| 3.25%, 08/26/49 | &nbsp;&nbsp; 5153 | 3598048 |
| 3.38%, 03/01/29 | &nbsp;&nbsp; 4128 | 4065739 |
| 3.63%, 09/14/28 | &nbsp;&nbsp; 3395 | 3378484 |
| 3.63%, 10/15/47 | &nbsp;&nbsp; 2716 | 2068710 |
| 3.70%, 04/15/50 | &nbsp;&nbsp; 3417 | 2569614 |
| 3.88%, 06/15/44 | &nbsp;&nbsp; 2055 | 1694490 |
| 4.00%, 09/14/48 | &nbsp;&nbsp; 4755 | 3819615 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 2240 | 2302732 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 2370 | 2447777 |
| 5.70%, 03/15/37 | &nbsp;&nbsp; 2802 | 2992941 |
| Eaton Corp. |  |  |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 3582 | 3550929 |
| 3.92%, 09/15/47 | &nbsp;&nbsp; 1554 | 1292176 |
| 4.00%, 11/02/32 | &nbsp;&nbsp; 4404 | 4371443 |
| 4.15%, 03/15/33 | &nbsp;&nbsp; 4375 | 4359586 |
| 4.15%, 11/02/42 | &nbsp;&nbsp; 5179 | 4585600 |
| 4.35%, 05/18/28 | &nbsp;&nbsp; 2190 | 2216933 |
| 4.70%, 08/23/52 | &nbsp;&nbsp; 2945 | 2685246 |
| Illinois Tool Works, Inc. |  |  |
| 3.90%, 09/01/42 | &nbsp;&nbsp; 4447 | 3860505 |
| 4.88%, 09/15/41 | &nbsp;&nbsp; 4115 | 4036687 |
| Parker-Hannifin Corp. |  |  |
| 3.25%, 03/01/27 | &nbsp;&nbsp; 5281 | 5254078 |
| 3.25%, 06/14/29 | &nbsp;&nbsp; 4398 | 4310709 |
| 4.00%, 06/14/49 | &nbsp;&nbsp; 2961 | 2432932 |
| 4.10%, 03/01/47 | &nbsp;&nbsp; 3336 | 2823116 |
| 4.20%, 11/21/34 | &nbsp;&nbsp; 2320 | 2289754 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Manufacturing (continued)** | **Manufacturing (continued)** | **Manufacturing (continued)** |
| 4.25%, 09/15/27 | &nbsp;&nbsp; $5890 | $5926799 |
| 4.45%, 11/21/44 | &nbsp;&nbsp; 2792 | 2504051 |
| 4.50%, 09/15/29 | &nbsp;&nbsp; 4738 | 4823463 |
| 6.25%, 05/15/38 | &nbsp;&nbsp; 1546 | 1751140 |
| Pentair Finance SARL |  |  |
| 4.50%, 07/01/29 | &nbsp;&nbsp; 2853 | 2879956 |
| 5.90%, 07/15/32 | &nbsp;&nbsp; 1440 | 1543389 |
| Teledyne Technologies, Inc. |  |  |
| 2.25%, 04/01/28 | &nbsp;&nbsp; 1255 | 1214054 |
| 2.75%, 04/01/31 | &nbsp;&nbsp; 3255 | 3042077 |
| Textron, Inc. |  |  |
| 2.45%, 03/15/31 | &nbsp;&nbsp; 2933 | 2688151 |
| 3.00%, 06/01/30 | &nbsp;&nbsp; 3090 | 2957516 |
| 3.38%, 03/01/28 | &nbsp;&nbsp; 2093 | 2071107 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 3120 | 3109591 |
| 3.90%, 09/17/29 | &nbsp;&nbsp; 2424 | 2410199 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 1160 | 1166482 |
| 5.50%, 05/15/35 | &nbsp;&nbsp; 2320 | 2438327 |
| 6.10%, 11/15/33 | &nbsp;&nbsp; 1780 | 1946655 |
|  |  | 133711493 |
| **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** |
| Charter Communications <br> Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| 2.25%, 01/15/29 | &nbsp;&nbsp; 6321 | 5966345 |
| 2.30%, 02/01/32<sup>(c)</sup> | &nbsp;&nbsp; 5220 | 4555001 |
| 2.80%, 04/01/31 | &nbsp;&nbsp; 11279 | 10253944 |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 6712 | 4837613 |
| 3.50%, 03/01/42 | &nbsp;&nbsp; 6130 | 4331334 |
| 3.70%, 04/01/51 | &nbsp;&nbsp; 9264 | 5996642 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 5819 | 5766391 |
| 3.85%, 04/01/61 | &nbsp;&nbsp; 9710 | 5866409 |
| 3.90%, 06/01/52 | &nbsp;&nbsp; 10920 | 7173463 |
| 3.95%, 06/30/62 | &nbsp;&nbsp; 6766 | 4135234 |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 6948 | 6939749 |
| 4.40%, 04/01/33 | &nbsp;&nbsp; 4920 | 4682856 |
| 4.40%, 12/01/61 | &nbsp;&nbsp; 7348 | 4923673 |
| 4.80%, 03/01/50 | &nbsp;&nbsp; 12611 | 9615277 |
| 5.05%, 03/30/29 | &nbsp;&nbsp; 4418 | 4485124 |
| 5.13%, 07/01/49 | &nbsp;&nbsp; 5610 | 4457932 |
| 5.25%, 04/01/53<sup>(c)</sup> | &nbsp;&nbsp; 6815 | 5505218 |
| 5.38%, 04/01/38 | &nbsp;&nbsp; 4238 | 3935185 |
| 5.38%, 05/01/47 | &nbsp;&nbsp; 11203 | 9350749 |
| 5.50%, 04/01/63 | &nbsp;&nbsp; 5295 | 4214715 |
| 5.75%, 04/01/48 | &nbsp;&nbsp; 11056 | 9599193 |
| 5.85%, 12/01/35 | &nbsp;&nbsp; 4985 | 5015901 |
| 6.10%, 06/01/29 | &nbsp;&nbsp; 5980 | 6265867 |
| 6.38%, 10/23/35 | &nbsp;&nbsp; 9285 | 9694417 |
| 6.48%, 10/23/45 | &nbsp;&nbsp; 16090 | 15304197 |
| 6.55%, 06/01/34 | &nbsp;&nbsp; 6825 | 7255225 |
| 6.65%, 02/01/34 | &nbsp;&nbsp; 4710 | 5004881 |
| 6.70%, 12/01/55<sup>(c)</sup> | &nbsp;&nbsp; 3650 | 3557590 |
| 6.83%, 10/23/55 | &nbsp;&nbsp; 2468 | 2426006 |
| Comcast Corp. |  |  |
| 1.50%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp; 7710 | 6804416 |
| 1.95%, 01/15/31 | &nbsp;&nbsp; 9876 | 8926590 |
| 2.45%, 08/15/52 | &nbsp;&nbsp; 6795 | 3693755 |
| 2.65%, 02/01/30 | &nbsp;&nbsp; 8608 | 8187791 |
| 2.65%, 08/15/62 | &nbsp;&nbsp; 6634 | 3440587 |
| 2.80%, 01/15/51 | &nbsp;&nbsp; 9244 | 5499026 |
| 2.89%, 11/01/51 | &nbsp;&nbsp; 21295 | 12856691 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 2.94%, 11/01/56<sup>(c)</sup> | &nbsp;&nbsp; $25070 | $14607447 |
| 2.99%, 11/01/63 | &nbsp;&nbsp; 16563 | 9207037 |
| 3.15%, 02/15/28 | &nbsp;&nbsp; 500 | 494277 |
| 3.20%, 07/15/36 | &nbsp;&nbsp; 4950 | 4296478 |
| 3.25%, 11/01/39 | &nbsp;&nbsp; 5172 | 4124288 |
| 3.40%, 04/01/30 | &nbsp;&nbsp; 8150 | 7968055 |
| 3.40%, 07/15/46 | &nbsp;&nbsp; 5892 | 4204833 |
| 3.45%, 02/01/50 | &nbsp;&nbsp; 8440 | 5788034 |
| 3.55%, 05/01/28 | &nbsp;&nbsp; 170 | 169136 |
| 3.75%, 04/01/40 | &nbsp;&nbsp; 7500 | 6321767 |
| 3.90%, 03/01/38 | &nbsp;&nbsp; 5804 | 5156342 |
| 3.97%, 11/01/47 | &nbsp;&nbsp; 8712 | 6685072 |
| 4.00%, 08/15/47 | &nbsp;&nbsp; 3657 | 2833196 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 4661 | 3592574 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 8598 | 6505640 |
| 4.05%, 11/01/52 | &nbsp;&nbsp; 4759 | 3574509 |
| 4.15%, 10/15/28 | &nbsp;&nbsp; 810 | 816019 |
| 4.20%, 08/15/34 | &nbsp;&nbsp; 5120 | 4963301 |
| 4.25%, 10/15/30 | &nbsp;&nbsp; 6584 | 6639294 |
| 4.25%, 01/15/33 | &nbsp;&nbsp; 8141 | 8058013 |
| 4.40%, 08/15/35 | &nbsp;&nbsp; 4159 | 4033581 |
| 4.60%, 10/15/38 | &nbsp;&nbsp; 4965 | 4685780 |
| 4.60%, 08/15/45 | &nbsp;&nbsp; 3336 | 2903918 |
| 4.65%, 02/15/33 | &nbsp;&nbsp; 5815 | 5906123 |
| 4.65%, 07/15/42 | &nbsp;&nbsp; 3560 | 3195111 |
| 4.70%, 10/15/48 | &nbsp;&nbsp; 8683 | 7412868 |
| 4.75%, 03/01/44 | &nbsp;&nbsp; 2334 | 2085936 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 5025 | 5126116 |
| 4.95%, 05/15/32 | &nbsp;&nbsp; 3405 | 3520237 |
| 4.95%, 10/15/58 | &nbsp;&nbsp; 5919 | 5059107 |
| 5.10%, 06/01/29 | &nbsp;&nbsp; 680 | 705309 |
| 5.17%, 01/15/37<sup>(b)</sup> | &nbsp;&nbsp; 43050 | 43353836 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 5600 | 5846905 |
| 5.30%, 05/15/35<sup>(c)</sup> | &nbsp;&nbsp; 4325 | 4523785 |
| 5.35%, 05/15/53<sup>(c)</sup> | &nbsp;&nbsp; 7200 | 6630526 |
| 5.50%, 11/15/32 | &nbsp;&nbsp; 5465 | 5832064 |
| 5.50%, 05/15/64 | &nbsp;&nbsp; 6840 | 6300733 |
| 5.65%, 06/15/35 | &nbsp;&nbsp; 4186 | 4458358 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 5270 | 5083047 |
| 6.05%, 05/15/55<sup>(c)</sup> | &nbsp;&nbsp; 4420 | 4523312 |
| 6.45%, 03/15/37 | &nbsp;&nbsp; 2800 | 3130587 |
| 6.50%, 11/15/35 | &nbsp;&nbsp; 4037 | 4551717 |
| 6.55%, 07/01/39 | &nbsp;&nbsp; 1105 | 1232538 |
| 6.95%, 08/15/37 | &nbsp;&nbsp; 2345 | 2716569 |
| 7.05%, 03/15/33 | &nbsp;&nbsp; 4332 | 5000060 |
| FactSet Research Systems, Inc. |  |  |
| 2.90%, 03/01/27 | &nbsp;&nbsp; 2750 | 2712164 |
| 3.45%, 03/01/32 | &nbsp;&nbsp; 2535 | 2322407 |
| Fox Corp. |  |  |
| 3.50%, 04/08/30 | &nbsp;&nbsp; 4983 | 4855861 |
| 4.71%, 01/25/29 | &nbsp;&nbsp; 10767 | 10929689 |
| 5.48%, 01/25/39 | &nbsp;&nbsp; 6716 | 6676177 |
| 5.58%, 01/25/49 | &nbsp;&nbsp; 6778 | 6420708 |
| 6.50%, 10/13/33 | &nbsp;&nbsp; 6670 | 7312691 |
| NBCUniversal Media LLC |  |  |
| 4.45%, 01/15/43 | &nbsp;&nbsp; 4453 | 3859011 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 3146 | 3274213 |
| 6.40%, 04/30/40 | &nbsp;&nbsp; 2162 | 2378324 |
| Paramount Global |  |  |
| 3.38%, 02/15/28 | &nbsp;&nbsp; 2494 | 2406493 |
| 3.70%, 06/01/28 | &nbsp;&nbsp; 2365 | 2294546 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 4.20%, 06/01/29 | &nbsp;&nbsp; $2010 | $1933914 |
| 4.20%, 05/19/32 | &nbsp;&nbsp; 4275 | 3764626 |
| 4.38%, 03/15/43 | &nbsp;&nbsp; 3966 | 2487549 |
| 4.60%, 01/15/45 | &nbsp;&nbsp; 2607 | 1642933 |
| 4.85%, 07/01/42 | &nbsp;&nbsp; 2237 | 1517337 |
| 4.90%, 08/15/44 | &nbsp;&nbsp; 2396 | 1539130 |
| 4.95%, 01/15/31 | &nbsp;&nbsp; 5125 | 4793490 |
| 4.95%, 05/19/50<sup>(c)</sup> | &nbsp;&nbsp; 3898 | 2462205 |
| 5.25%, 04/01/44 | &nbsp;&nbsp; 1495 | 1015431 |
| 5.50%, 05/15/33 | &nbsp;&nbsp; 1772 | 1596680 |
| 5.85%, 09/01/43 | &nbsp;&nbsp; 3424 | 2535830 |
| 5.90%, 10/15/40 | &nbsp;&nbsp; 1962 | 1604902 |
| 6.88%, 04/30/36 | &nbsp;&nbsp; 3636 | 3302864 |
| 7.88%, 07/30/30 | &nbsp;&nbsp; 3421 | 3603013 |
| TCI Communications, Inc., 7.13%, 02/15/28 | &nbsp;&nbsp; 4557 | 4836443 |
| Time Warner Cable Enterprises LLC, 8.38%, <br> 07/15/33<br>| &nbsp;&nbsp; 5403 | 6328296 |
| Time Warner Cable LLC |  |  |
| 4.50%, 09/15/42 | &nbsp;&nbsp; 5626 | 4442301 |
| 5.50%, 09/01/41 | &nbsp;&nbsp; 5739 | 5140791 |
| 5.88%, 11/15/40 | &nbsp;&nbsp; 5548 | 5209013 |
| 6.55%, 05/01/37 | &nbsp;&nbsp; 6517 | 6715074 |
| 6.75%, 06/15/39 | &nbsp;&nbsp; 6641 | 6809546 |
| 7.30%, 07/01/38 | &nbsp;&nbsp; 6641 | 7191812 |
| TWDC Enterprises 18 Corp. |  |  |
| 2.95%, 06/15/27 | &nbsp;&nbsp; 4944 | 4903197 |
| 3.00%, 07/30/46 | &nbsp;&nbsp; 2804 | 1988195 |
| 3.70%, 12/01/42 | &nbsp;&nbsp; 2126 | 1750937 |
| 4.13%, 06/01/44 | &nbsp;&nbsp; 4577 | 3904762 |
| 4.38%, 08/16/41 | &nbsp;&nbsp; 2265 | 2068612 |
| Series B, 7.00%, 03/01/32 | &nbsp;&nbsp; 4727 | 5418677 |
| Series E, 4.13%, 12/01/41 | &nbsp;&nbsp; 2798 | 2482125 |
| Walt Disney Co.(The) |  |  |
| 2.00%, 09/01/29 | &nbsp;&nbsp; 10397 | 9803560 |
| 2.20%, 01/13/28<sup>(c)</sup> | &nbsp;&nbsp; 5887 | 5745762 |
| 2.65%, 01/13/31 | &nbsp;&nbsp; 10973 | 10390531 |
| 2.75%, 09/01/49 | &nbsp;&nbsp; 8050 | 5177714 |
| 3.50%, 05/13/40 | &nbsp;&nbsp; 8122 | 6891096 |
| 3.60%, 01/13/51 | &nbsp;&nbsp; 9510 | 7146127 |
| 3.70%, 03/23/27 | &nbsp;&nbsp; 3917 | 3918196 |
| 3.75%, 03/14/29 | &nbsp;&nbsp; 7155 | 7158976 |
| 3.80%, 03/22/30 | &nbsp;&nbsp; 6959 | 6950430 |
| 3.80%, 05/13/60 | &nbsp;&nbsp; 6127 | 4524464 |
| 4.00%, 03/14/31 | &nbsp;&nbsp; 6955 | 6968940 |
| 4.63%, 03/14/36 | &nbsp;&nbsp; 4725 | 4709557 |
| 4.63%, 03/23/40 | &nbsp;&nbsp; 3241 | 3132994 |
| 4.70%, 03/23/50 | &nbsp;&nbsp; 7805 | 7030524 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 3534 | 3277901 |
| 4.75%, 11/15/46 | &nbsp;&nbsp; 2608 | 2392091 |
| 4.95%, 10/15/45 | &nbsp;&nbsp; 2271 | 2153850 |
| 5.40%, 10/01/43 | &nbsp;&nbsp; 3132 | 3192601 |
| 6.15%, 03/01/37 | &nbsp;&nbsp; 2255 | 2526354 |
| 6.15%, 02/15/41 | &nbsp;&nbsp; 3177 | 3495176 |
| 6.20%, 12/15/34 | &nbsp;&nbsp; 5820 | 6580979 |
| 6.40%, 12/15/35 | &nbsp;&nbsp; 5100 | 5796909 |
| 6.55%, 03/15/33 | &nbsp;&nbsp; 3044 | 3464886 |
| 6.65%, 11/15/37 | &nbsp;&nbsp; 6182 | 7132390 |
| 7.75%, 12/01/45 | &nbsp;&nbsp; 1625 | 2085089 |
|  |  | 774427488 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Precision Castparts Corp. |  |  |
| 3.90%, 01/15/43 | &nbsp;&nbsp; $3045 | $2616543 |
| 4.38%, 06/15/45 | &nbsp;&nbsp; 2163 | 1933788 |
| Timken Co.(The) |  |  |
| 4.13%, 04/01/32 | &nbsp;&nbsp; 1930 | 1880103 |
| 4.50%, 12/15/28 | &nbsp;&nbsp; 2870 | 2894977 |
| Valmont Industries, Inc. |  |  |
| 5.00%, 10/01/44 | &nbsp;&nbsp; 2654 | 2468867 |
| 5.25%, 10/01/54 | &nbsp;&nbsp; 1574 | 1515723 |
|  |  | 13310001 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| AngloGold Ashanti Holdings PLC |  |  |
| 3.38%, 11/01/28 | &nbsp;&nbsp; 4710 | 4583737 |
| 3.75%, 10/01/30 | &nbsp;&nbsp; 3453 | 3337670 |
| Barrick Mining Corp. |  |  |
| 5.25%, 04/01/42 | &nbsp;&nbsp; 1295 | 1300426 |
| 6.45%, 10/15/35 | &nbsp;&nbsp; 1593 | 1780364 |
| Barrick North America Finance LLC |  |  |
| 5.70%, 05/30/41 | &nbsp;&nbsp; 4393 | 4564384 |
| 5.75%, 05/01/43 | &nbsp;&nbsp; 4432 | 4595177 |
| Barrick PD Australia Finance Pty. Ltd., 5.95%, <br> 10/15/39<br>| &nbsp;&nbsp; 4063 | 4351257 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.13%, 02/24/42 | &nbsp;&nbsp; 4461 | 3930391 |
| 4.75%, 02/28/28 | &nbsp;&nbsp; 4710 | 4797188 |
| 4.90%, 02/28/33 | &nbsp;&nbsp; 2935 | 3019425 |
| 5.00%, 02/21/30 | &nbsp;&nbsp; 4500 | 4664470 |
| 5.00%, 02/15/36<sup>(c)</sup> | &nbsp;&nbsp; 925 | 951046 |
| 5.00%, 09/30/43 | &nbsp;&nbsp; 11448 | 11089997 |
| 5.10%, 09/08/28 | &nbsp;&nbsp; 5363 | 5524327 |
| 5.13%, 02/21/32 | &nbsp;&nbsp; 3525 | 3686077 |
| 5.25%, 09/08/30 | &nbsp;&nbsp; 4410 | 4627017 |
| 5.25%, 09/08/33 | &nbsp;&nbsp; 6410 | 6721010 |
| 5.30%, 02/21/35 | &nbsp;&nbsp; 5565 | 5836046 |
| 5.50%, 09/08/53<sup>(c)</sup> | &nbsp;&nbsp; 3010 | 3033573 |
| 5.75%, 09/05/55 | &nbsp;&nbsp; 2310 | 2410482 |
| Freeport-McMoRan, Inc. |  |  |
| 4.13%, 03/01/28 | &nbsp;&nbsp; 3287 | 3284499 |
| 4.25%, 03/01/30 | &nbsp;&nbsp; 2831 | 2835248 |
| 4.38%, 08/01/28 | &nbsp;&nbsp; 3071 | 3074958 |
| 4.63%, 08/01/30 | &nbsp;&nbsp; 3726 | 3768887 |
| 5.00%, 09/01/27 | &nbsp;&nbsp; 3688 | 3691227 |
| 5.25%, 09/01/29 | &nbsp;&nbsp; 3245 | 3293930 |
| 5.40%, 11/14/34 | &nbsp;&nbsp; 3596 | 3756121 |
| 5.45%, 03/15/43 | &nbsp;&nbsp; 8095 | 8004729 |
| Kinross Gold Corp., 6.25%, 07/15/33 | &nbsp;&nbsp; 1010 | 1110978 |
| Newmont Corp. |  |  |
| 2.60%, 07/15/32 | &nbsp;&nbsp; 4055 | 3721603 |
| 4.88%, 03/15/42 | &nbsp;&nbsp; 2611 | 2535866 |
| 5.45%, 06/09/44 | &nbsp;&nbsp; 3157 | 3201120 |
| 5.88%, 04/01/35 | &nbsp;&nbsp; 3010 | 3268064 |
| Newmont Corp./Newcrest Finance Pty. Ltd. |  |  |
| 3.25%, 05/13/30 | &nbsp;&nbsp; 1720 | 1673754 |
| 4.20%, 05/13/50 | &nbsp;&nbsp; 860 | 716922 |
| 5.35%, 03/15/34 | &nbsp;&nbsp; 4199 | 4438187 |
| Rio Tinto Alcan, Inc. |  |  |
| 5.75%, 06/01/35 | &nbsp;&nbsp; 2853 | 3074385 |
| 6.13%, 12/15/33 | &nbsp;&nbsp; 4528 | 4996008 |
| 7.25%, 03/15/31 | &nbsp;&nbsp; 3023 | 3456695 |
| Rio Tinto Finance USA Ltd. |  |  |
| 2.75%, 11/02/51 | &nbsp;&nbsp; 6639 | 4197218 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| 5.20%, 11/02/40 | &nbsp;&nbsp; $5104 | $5167945 |
| 7.13%, 07/15/28 | &nbsp;&nbsp; 4106 | 4409687 |
| Rio Tinto Finance USA PLC |  |  |
| 4.13%, 08/21/42 | &nbsp;&nbsp; 3194 | 2793007 |
| 4.38%, 03/12/27<sup>(c)</sup> | &nbsp;&nbsp; 1860 | 1873811 |
| 4.50%, 03/14/28 | &nbsp;&nbsp; 3680 | 3731395 |
| 4.75%, 03/22/42 | &nbsp;&nbsp; 3840 | 3644459 |
| 4.88%, 03/14/30 | &nbsp;&nbsp; 5325 | 5499231 |
| 5.00%, 03/14/32 | &nbsp;&nbsp; 3180 | 3305156 |
| 5.00%, 03/09/33 | &nbsp;&nbsp; 2635 | 2733805 |
| 5.13%, 03/09/53 | &nbsp;&nbsp; 4153 | 3938194 |
| 5.25%, 03/14/35 | &nbsp;&nbsp; 5895 | 6160515 |
| 5.75%, 03/14/55 | &nbsp;&nbsp; 3530 | 3666175 |
| 5.88%, 03/14/65 | &nbsp;&nbsp; 764 | 797490 |
| Southern Copper Corp. |  |  |
| 5.25%, 11/08/42 | &nbsp;&nbsp; 8142 | 7956220 |
| 5.88%, 04/23/45 | &nbsp;&nbsp; 4428 | 4625067 |
| 6.75%, 04/16/40 | &nbsp;&nbsp; 5671 | 6489141 |
| 7.50%, 07/27/35 | &nbsp;&nbsp; 4613 | 5493064 |
| Yamana Gold, Inc., 2.63%, 08/15/31 | &nbsp;&nbsp; 1735 | 1586946 |
|  |  | 226775771 |
| **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** |
| CDW LLC/CDW Finance Corp. |  |  |
| 3.25%, 02/15/29 | &nbsp;&nbsp; 5024 | 4852293 |
| 3.28%, 12/01/28 | &nbsp;&nbsp; 3670 | 3580082 |
| 3.57%, 12/01/31 | &nbsp;&nbsp; 5285 | 4938450 |
| 4.25%, 04/01/28 | &nbsp;&nbsp; 4867 | 4847776 |
| 5.10%, 03/01/30 | &nbsp;&nbsp; 650 | 660692 |
| 5.55%, 08/22/34 | &nbsp;&nbsp; 1520 | 1530431 |
|  |  | 20409724 |
| **Oil & Gas — 0.8%** | **Oil & Gas — 0.8%** | **Oil & Gas — 0.8%** |
| Antero Resources Corp., 5.40%, 02/01/36 | &nbsp;&nbsp; 1660 | 1661666 |
| APA Corp. |  |  |
| 4.25%, 01/15/30 | &nbsp;&nbsp; 2530 | 2512942 |
| 5.10%, 09/01/40 | &nbsp;&nbsp; 1750 | 1606327 |
| 5.35%, 07/01/49 | &nbsp;&nbsp; 2190 | 1901242 |
| 6.00%, 01/15/37 | &nbsp;&nbsp; 300 | 309962 |
| 6.10%, 02/15/35 | &nbsp;&nbsp; 1835 | 1920431 |
| 6.75%, 02/15/55 | &nbsp;&nbsp; 2640 | 2684837 |
| BP Capital Markets America, Inc. |  |  |
| 1.75%, 08/10/30 | &nbsp;&nbsp; 5001 | 4546760 |
| 2.72%, 01/12/32 | &nbsp;&nbsp; 9425 | 8715735 |
| 2.77%, 11/10/50 | &nbsp;&nbsp; 7625 | 4842270 |
| 2.94%, 06/04/51 | &nbsp;&nbsp; 10075 | 6589793 |
| 3.00%, 02/24/50 | &nbsp;&nbsp; 9620 | 6433340 |
| 3.00%, 03/17/52 | &nbsp;&nbsp; 5955 | 3914477 |
| 3.06%, 06/17/41 | &nbsp;&nbsp; 6610 | 5158289 |
| 3.38%, 02/08/61 | &nbsp;&nbsp; 8423 | 5638789 |
| 3.54%, 04/06/27 | &nbsp;&nbsp; 3414 | 3405977 |
| 3.59%, 04/14/27 | &nbsp;&nbsp; 4358 | 4352463 |
| 3.63%, 04/06/30 | &nbsp;&nbsp; 5657 | 5596307 |
| 3.94%, 09/21/28 | &nbsp;&nbsp; 5563 | 5582119 |
| 4.23%, 11/06/28 | &nbsp;&nbsp; 7665 | 7743477 |
| 4.70%, 04/10/29 | &nbsp;&nbsp; 5915 | 6060358 |
| 4.81%, 02/13/33 | &nbsp;&nbsp; 6255 | 6409770 |
| 4.87%, 11/25/29 | &nbsp;&nbsp; 3255 | 3360203 |
| 4.89%, 09/11/33 | &nbsp;&nbsp; 4975 | 5107672 |
| 4.97%, 10/17/29 | &nbsp;&nbsp; 3755 | 3887719 |
| 4.99%, 04/10/34 | &nbsp;&nbsp; 7555 | 7801348 |
| 5.02%, 11/17/27 | &nbsp;&nbsp; 5610 | 5723786 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 5.23%, 11/17/34 | &nbsp;&nbsp; $8150 | $8528940 |
| BP Capital Markets PLC |  |  |
| 3.28%, 09/19/27 | &nbsp;&nbsp; 7870 | 7824474 |
| 3.72%, 11/28/28 | &nbsp;&nbsp; 4162 | 4154345 |
| Burlington Resources LLC |  |  |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 1440 | 1576583 |
| 7.20%, 08/15/31 | &nbsp;&nbsp; 1570 | 1800339 |
| Canadian Natural Resources Ltd. |  |  |
| 2.95%, 07/15/30<sup>(c)</sup> | &nbsp;&nbsp; 2830 | 2702809 |
| 3.85%, 06/01/27 | &nbsp;&nbsp; 6346 | 6337211 |
| 4.95%, 06/01/47 | &nbsp;&nbsp; 4698 | 4270911 |
| 5.00%, 12/15/29 | &nbsp;&nbsp; 1580 | 1628906 |
| 5.40%, 12/15/34 | &nbsp;&nbsp; 1000 | 1035969 |
| 5.85%, 02/01/35 | &nbsp;&nbsp; 2055 | 2198521 |
| 6.25%, 03/15/38 | &nbsp;&nbsp; 5513 | 5952794 |
| 6.45%, 06/30/33 | &nbsp;&nbsp; 2295 | 2531118 |
| 6.50%, 02/15/37 | &nbsp;&nbsp; 2474 | 2721498 |
| 6.75%, 02/01/39 | &nbsp;&nbsp; 2335 | 2621860 |
| 7.20%, 01/15/32 | &nbsp;&nbsp; 1995 | 2255676 |
| Cenovus Energy, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 2236 | 2029820 |
| 3.75%, 02/15/52 | &nbsp;&nbsp; 4330 | 3138670 |
| 4.65%, 03/20/31 | &nbsp;&nbsp; 2790 | 2824074 |
| 5.25%, 06/15/37 | &nbsp;&nbsp; 2815 | 2807780 |
| 5.40%, 03/20/36 | &nbsp;&nbsp; 2220 | 2259263 |
| 5.40%, 06/15/47 | &nbsp;&nbsp; 3194 | 3012495 |
| 6.75%, 11/15/39 | &nbsp;&nbsp; 1990 | 2225875 |
| Chevron Corp. |  |  |
| 2.00%, 05/11/27 | &nbsp;&nbsp; 6310 | 6192635 |
| 2.24%, 05/11/30 | &nbsp;&nbsp; 7856 | 7372913 |
| 3.08%, 05/11/50 | &nbsp;&nbsp; 5101 | 3570297 |
| Chevron USA, Inc. |  |  |
| 1.02%, 08/12/27 | &nbsp;&nbsp; 5654 | 5450791 |
| 2.34%, 08/12/50 | &nbsp;&nbsp; 4063 | 2435966 |
| 3.25%, 10/15/29 | &nbsp;&nbsp; 3701 | 3643455 |
| 3.85%, 01/15/28 | &nbsp;&nbsp; 4626 | 4644951 |
| 3.95%, 08/13/27 | &nbsp;&nbsp; 2290 | 2302055 |
| 4.05%, 08/13/28 | &nbsp;&nbsp; 2340 | 2363533 |
| 4.30%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp; 5385 | 5483673 |
| 4.48%, 02/26/28 | &nbsp;&nbsp; 3500 | 3556129 |
| 4.50%, 10/15/32 | &nbsp;&nbsp; 4495 | 4601889 |
| 4.69%, 04/15/30 | &nbsp;&nbsp; 2900 | 2989032 |
| 4.82%, 04/15/32 | &nbsp;&nbsp; 3330 | 3463237 |
| 4.85%, 10/15/35<sup>(c)</sup> | &nbsp;&nbsp; 3960 | 4067171 |
| 4.98%, 04/15/35 | &nbsp;&nbsp; 3300 | 3424675 |
| 5.25%, 11/15/43 | &nbsp;&nbsp; 1990 | 2028801 |
| 6.00%, 03/01/41 | &nbsp;&nbsp; 1695 | 1882049 |
| CNOOC Finance 2013 Ltd. |  |  |
| 2.88%, 09/30/29 | &nbsp;&nbsp; 1249 | 1209958 |
| 3.30%, 09/30/49 | &nbsp;&nbsp; 1315 | 1037740 |
| 4.25%, 05/09/43 | &nbsp;&nbsp; 3599 | 3377186 |
| CNOOC Finance 2015 Australia Pty. Ltd., <br> 4.20%, 05/05/45<br>| &nbsp;&nbsp; 500 | 462408 |
| CNOOC Finance 2015 USA LLC, 4.38%, <br> 05/02/28<br>| &nbsp;&nbsp; 3772 | 3820461 |
| CNOOC Petroleum North America ULC |  |  |
| 5.88%, 03/10/35 | &nbsp;&nbsp; 2000 | 2251995 |
| 6.40%, 05/15/37 | &nbsp;&nbsp; 3000 | 3573602 |
| 7.88%, 03/15/32 | &nbsp;&nbsp; 3000 | 3588320 |
| ConocoPhillips |  |  |
| 4.88%, 10/01/47 | &nbsp;&nbsp; 2250 | 2062703 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 5.90%, 05/15/38 | &nbsp;&nbsp; $1092 | $1183014 |
| 6.50%, 02/01/39 | &nbsp;&nbsp; 3134 | 3578204 |
| ConocoPhillips Co. |  |  |
| 3.76%, 03/15/42 | &nbsp;&nbsp; 7600 | 6348174 |
| 3.80%, 03/15/52 | &nbsp;&nbsp; 5495 | 4156896 |
| 4.03%, 03/15/62 | &nbsp;&nbsp; 9112 | 6767204 |
| 4.30%, 11/15/44 | &nbsp;&nbsp; 3840 | 3330685 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 6875 | 7047246 |
| 4.85%, 01/15/32 | &nbsp;&nbsp; 3365 | 3489526 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 5495 | 5649855 |
| 5.05%, 09/15/33 | &nbsp;&nbsp; 4660 | 4848423 |
| 5.30%, 05/15/53 | &nbsp;&nbsp; 4975 | 4720122 |
| 5.50%, 01/15/55<sup>(c)</sup> | &nbsp;&nbsp; 4245 | 4164414 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 3855 | 3797270 |
| 5.65%, 01/15/65 | &nbsp;&nbsp; 4150 | 4070728 |
| 5.70%, 09/15/63 | &nbsp;&nbsp; 3305 | 3288658 |
| 5.90%, 10/15/32 | &nbsp;&nbsp; 2416 | 2653487 |
| 5.95%, 03/15/46 | &nbsp;&nbsp; 1635 | 1725356 |
| 6.95%, 04/15/29 | &nbsp;&nbsp; 1728 | 1884192 |
| Continental Resources, Inc./OK |  |  |
| 4.38%, 01/15/28 | &nbsp;&nbsp; 5410 | 5417709 |
| 4.90%, 06/01/44 | &nbsp;&nbsp; 4250 | 3501423 |
| Coterra Energy, Inc. |  |  |
| 3.90%, 05/15/27 | &nbsp;&nbsp; 5573 | 5565367 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 2965 | 2996383 |
| 5.40%, 02/15/35 | &nbsp;&nbsp; 3410 | 3516858 |
| 5.60%, 03/15/34 | &nbsp;&nbsp; 2445 | 2561520 |
| 5.90%, 02/15/55 | &nbsp;&nbsp; 2680 | 2665504 |
| Devon Energy Corp. |  |  |
| 4.50%, 01/15/30 | &nbsp;&nbsp; 4710 | 4754166 |
| 4.75%, 05/15/42 | &nbsp;&nbsp; 3753 | 3399764 |
| 5.00%, 06/15/45 | &nbsp;&nbsp; 3932 | 3575433 |
| 5.20%, 09/15/34<sup>(c)</sup> | &nbsp;&nbsp; 4975 | 5101393 |
| 5.25%, 10/15/27 | &nbsp;&nbsp; 4375 | 4376618 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 5707 | 5718021 |
| 5.75%, 09/15/54<sup>(c)</sup> | &nbsp;&nbsp; 4920 | 4787418 |
| 5.88%, 06/15/28 | &nbsp;&nbsp; 2765 | 2766966 |
| 7.88%, 09/30/31 | &nbsp;&nbsp; 2622 | 3066943 |
| 7.95%, 04/15/32 | &nbsp;&nbsp; 1895 | 2231925 |
| Diamondback Energy, Inc. |  |  |
| 3.13%, 03/24/31 | &nbsp;&nbsp; 4477 | 4246322 |
| 3.50%, 12/01/29 | &nbsp;&nbsp; 4623 | 4523833 |
| 4.25%, 03/15/52 | &nbsp;&nbsp; 4194 | 3360708 |
| 4.40%, 03/24/51<sup>(c)</sup> | &nbsp;&nbsp; 4085 | 3375834 |
| 5.15%, 01/30/30 | &nbsp;&nbsp; 4460 | 4625586 |
| 5.20%, 04/18/27 | &nbsp;&nbsp; 6070 | 6146395 |
| 5.40%, 04/18/34 | &nbsp;&nbsp; 5900 | 6135659 |
| 5.55%, 04/01/35 | &nbsp;&nbsp; 4310 | 4510081 |
| 5.75%, 04/18/54 | &nbsp;&nbsp; 5850 | 5706875 |
| 5.90%, 04/18/64 | &nbsp;&nbsp; 4440 | 4349884 |
| 6.25%, 03/15/33 | &nbsp;&nbsp; 4605 | 5031859 |
| 6.25%, 03/15/53 | &nbsp;&nbsp; 3445 | 3583400 |
| Eni USA, Inc., 7.30%, 11/15/27 | &nbsp;&nbsp; 1350 | 1424489 |
| EOG Resources, Inc. |  |  |
| 3.90%, 04/01/35 | &nbsp;&nbsp; 2663 | 2513681 |
| 4.38%, 04/15/30 | &nbsp;&nbsp; 4099 | 4155982 |
| 4.40%, 07/15/28 | &nbsp;&nbsp; 3965 | 4016556 |
| 4.40%, 01/15/31 | &nbsp;&nbsp; 1085 | 1097839 |
| 4.95%, 04/15/50 | &nbsp;&nbsp; 5279 | 4797145 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 4495 | 4663558 |
| 5.35%, 01/15/36 | &nbsp;&nbsp; 5095 | 5293141 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 5.65%, 12/01/54<sup>(c)</sup> | &nbsp;&nbsp; $2985 | $2987651 |
| 5.95%, 07/15/55 | &nbsp;&nbsp; 3455 | 3605663 |
| EQT Corp. |  |  |
| 3.90%, 10/01/27 | &nbsp;&nbsp; 5706 | 5694569 |
| 4.50%, 01/15/29 | &nbsp;&nbsp; 280 | 282417 |
| 4.75%, 01/15/31 | &nbsp;&nbsp; 860 | 872206 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 2570 | 2619390 |
| 5.70%, 04/01/28 | &nbsp;&nbsp; 2690 | 2780968 |
| 5.75%, 02/01/34 | &nbsp;&nbsp; 2780 | 2945144 |
| 7.00%, 02/01/30 | &nbsp;&nbsp; 3130 | 3425217 |
| 7.50%, 06/01/30 | &nbsp;&nbsp; 480 | 532729 |
| Equinor ASA |  |  |
| 2.38%, 05/22/30 | &nbsp;&nbsp; 3552 | 3336514 |
| 3.00%, 04/06/27 | &nbsp;&nbsp; 921 | 915146 |
| 3.13%, 04/06/30 | &nbsp;&nbsp; 5646 | 5474933 |
| 3.25%, 11/18/49 | &nbsp;&nbsp; 3909 | 2793500 |
| 3.63%, 09/10/28 | &nbsp;&nbsp; 4991 | 4990007 |
| 3.63%, 04/06/40 | &nbsp;&nbsp; 2099 | 1809972 |
| 3.70%, 04/06/50 | &nbsp;&nbsp; 3905 | 3018084 |
| 3.95%, 05/15/43 | &nbsp;&nbsp; 3552 | 3022281 |
| 4.25%, 06/02/28 | &nbsp;&nbsp; 2225 | 2248277 |
| 4.25%, 11/23/41 | &nbsp;&nbsp; 2330 | 2092972 |
| 4.50%, 09/03/30 | &nbsp;&nbsp; 825 | 842771 |
| 4.75%, 11/14/35 | &nbsp;&nbsp; 1650 | 1659716 |
| 4.80%, 11/08/43 | &nbsp;&nbsp; 3025 | 2866770 |
| 5.10%, 08/17/40 | &nbsp;&nbsp; 3102 | 3114105 |
| 5.13%, 06/03/35 | &nbsp;&nbsp; 2825 | 2933874 |
| 7.25%, 09/23/27 | &nbsp;&nbsp; 540 | 568939 |
| Expand Energy Corp. |  |  |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 2510 | 2506229 |
| 5.38%, 02/01/29 | &nbsp;&nbsp; 1130 | 1128350 |
| 5.38%, 03/15/30 | &nbsp;&nbsp; 4430 | 4499506 |
| 5.70%, 01/15/35 | &nbsp;&nbsp; 2575 | 2696467 |
| Exxon Mobil Corp. |  |  |
| 2.44%, 08/16/29 | &nbsp;&nbsp; 8141 | 7836177 |
| 2.61%, 10/15/30 | &nbsp;&nbsp; 8290 | 7862309 |
| 3.00%, 08/16/39 | &nbsp;&nbsp; 6980 | 5701187 |
| 3.10%, 08/16/49 | &nbsp;&nbsp; 9141 | 6400440 |
| 3.29%, 03/19/27 | &nbsp;&nbsp; 4100 | 4087847 |
| 3.45%, 04/15/51 | &nbsp;&nbsp; 12333 | 9062014 |
| 3.48%, 03/19/30 | &nbsp;&nbsp; 6924 | 6834310 |
| 3.57%, 03/06/45 | &nbsp;&nbsp; 4027 | 3229448 |
| 4.11%, 03/01/46 | &nbsp;&nbsp; 11971 | 10207713 |
| 4.23%, 03/19/40 | &nbsp;&nbsp; 7541 | 7025880 |
| 4.33%, 03/19/50 | &nbsp;&nbsp; 11190 | 9591635 |
| Helmerich & Payne, Inc. |  |  |
| 2.90%, 09/29/31 | &nbsp;&nbsp; 3115 | 2854027 |
| 4.65%, 12/01/27 | &nbsp;&nbsp; 1240 | 1251041 |
| 4.85%, 12/01/29<sup>(c)</sup> | &nbsp;&nbsp; 1280 | 1303223 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 1450 | 1460643 |
| Hess Corp. |  |  |
| 4.30%, 04/01/27 | &nbsp;&nbsp; 6782 | 6807447 |
| 5.60%, 02/15/41 | &nbsp;&nbsp; 6208 | 6525213 |
| 5.80%, 04/01/47 | &nbsp;&nbsp; 2919 | 3056656 |
| 6.00%, 01/15/40 | &nbsp;&nbsp; 4278 | 4677543 |
| 7.13%, 03/15/33 | &nbsp;&nbsp; 2732 | 3191964 |
| 7.30%, 08/15/31 | &nbsp;&nbsp; 3214 | 3711690 |
| 7.88%, 10/01/29 | &nbsp;&nbsp; 2907 | 3295667 |
| HF Sinclair Corp. |  |  |
| 4.50%, 10/01/30 | &nbsp;&nbsp; 1947 | 1938677 |
| 5.00%, 02/01/28 | &nbsp;&nbsp; 2795 | 2794419 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 5.50%, 09/01/32 | &nbsp;&nbsp; $1305 | $1335281 |
| 5.75%, 01/15/31 | &nbsp;&nbsp; 2065 | 2142709 |
| 6.25%, 01/15/35 | &nbsp;&nbsp; 1535 | 1616657 |
| Marathon Petroleum Corp. |  |  |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 3573 | 3562769 |
| 4.50%, 04/01/48 | &nbsp;&nbsp; 3142 | 2592988 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 4501 | 3974057 |
| 5.00%, 09/15/54<sup>(c)</sup> | &nbsp;&nbsp; 2658 | 2295497 |
| 5.15%, 03/01/30 | &nbsp;&nbsp; 3395 | 3518366 |
| 5.70%, 03/01/35 | &nbsp;&nbsp; 2905 | 3059338 |
| 6.50%, 03/01/41 | &nbsp;&nbsp; 5176 | 5657244 |
| Occidental Petroleum Corp. |  |  |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 2065 | 1601635 |
| 4.40%, 04/15/46 | &nbsp;&nbsp; 2390 | 1956278 |
| 5.38%, 01/01/32 | &nbsp;&nbsp; 5260 | 5475741 |
| 5.55%, 10/01/34<sup>(c)</sup> | &nbsp;&nbsp; 6785 | 7076932 |
| 6.05%, 10/01/54 | &nbsp;&nbsp; 4947 | 4927878 |
| 6.13%, 01/01/31 | &nbsp;&nbsp; 6500 | 6991807 |
| 6.20%, 03/15/40 | &nbsp;&nbsp; 3890 | 4062509 |
| 6.45%, 09/15/36 | &nbsp;&nbsp; 8135 | 8868165 |
| 6.60%, 03/15/46 | &nbsp;&nbsp; 5535 | 5884038 |
| 6.63%, 09/01/30 | &nbsp;&nbsp; 7960 | 8618903 |
| 7.50%, 05/01/31 | &nbsp;&nbsp; 4365 | 4973530 |
| 7.88%, 09/15/31 | &nbsp;&nbsp; 2392 | 2783771 |
| 7.95%, 06/15/39 | &nbsp;&nbsp; 1845 | 2227610 |
| 8.88%, 07/15/30 | &nbsp;&nbsp; 5645 | 6558048 |
| Ovintiv, Inc. |  |  |
| 5.65%, 05/15/28 | &nbsp;&nbsp; 2795 | 2895360 |
| 6.25%, 07/15/33 | &nbsp;&nbsp; 2880 | 3106383 |
| 6.50%, 08/15/34 | &nbsp;&nbsp; 2809 | 3079052 |
| 6.50%, 02/01/38 | &nbsp;&nbsp; 2615 | 2827370 |
| 6.63%, 08/15/37 | &nbsp;&nbsp; 2525 | 2764619 |
| 7.10%, 07/15/53<sup>(c)</sup> | &nbsp;&nbsp; 2780 | 3101863 |
| 7.20%, 11/01/31 | &nbsp;&nbsp; 1950 | 2185062 |
| 7.38%, 11/01/31 | &nbsp;&nbsp; 2325 | 2624560 |
| 8.13%, 09/15/30 | &nbsp;&nbsp; 1430 | 1645751 |
| Patterson-UTI Energy, Inc. |  |  |
| 3.95%, 02/01/28 | &nbsp;&nbsp; 930 | 922855 |
| 5.15%, 11/15/29 | &nbsp;&nbsp; 1770 | 1799541 |
| 7.15%, 10/01/33 | &nbsp;&nbsp; 1795 | 1966583 |
| Phillips 66 |  |  |
| 2.15%, 12/15/30 | &nbsp;&nbsp; 4575 | 4174580 |
| 3.30%, 03/15/52 | &nbsp;&nbsp; 5110 | 3429843 |
| 3.90%, 03/15/28 | &nbsp;&nbsp; 4096 | 4091672 |
| 4.65%, 11/15/34 | &nbsp;&nbsp; 5030 | 4991190 |
| 4.88%, 11/15/44 | &nbsp;&nbsp; 7600 | 6855371 |
| 5.88%, 05/01/42 | &nbsp;&nbsp; 6894 | 7090026 |
| Phillips 66 Co. |  |  |
| 3.15%, 12/15/29 | &nbsp;&nbsp; 3311 | 3209838 |
| 3.75%, 03/01/28 | &nbsp;&nbsp; 3281 | 3274414 |
| 4.68%, 02/15/45 | &nbsp;&nbsp; 2855 | 2492763 |
| 4.90%, 10/01/46 | &nbsp;&nbsp; 3197 | 2850635 |
| 4.95%, 12/01/27 | &nbsp;&nbsp; 4635 | 4713381 |
| 4.95%, 03/15/35<sup>(c)</sup> | &nbsp;&nbsp; 2965 | 3000313 |
| 5.25%, 06/15/31 | &nbsp;&nbsp; 5325 | 5563569 |
| 5.30%, 06/30/33 | &nbsp;&nbsp; 4205 | 4369329 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 2150 | 2036798 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 2640 | 2545286 |
| Series A, 5.88%, 03/15/56, (5-year CMT + <br> 2.28%)<sup>(a)</sup><br>| &nbsp;&nbsp; 2175 | 2187234 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Series B, 6.20%, 03/15/56, (5-year CMT + <br> 2.17%)<sup>(a)</sup><br>| &nbsp;&nbsp; $3495 | $3540797 |
| Pioneer Natural Resources Co. |  |  |
| 1.90%, 08/15/30 | &nbsp;&nbsp; 5755 | 5278342 |
| 2.15%, 01/15/31 | &nbsp;&nbsp; 1110 | 1020961 |
| Shell Finance U.S., Inc. |  |  |
| 2.38%, 11/07/29 | &nbsp;&nbsp; 7646 | 7270031 |
| 2.75%, 04/06/30 | &nbsp;&nbsp; 5103 | 4878707 |
| 3.00%, 11/26/51<sup>(b)</sup> | &nbsp;&nbsp; 5300 | 3506062 |
| 3.13%, 11/07/49<sup>(b)</sup> | &nbsp;&nbsp; 6068 | 4190005 |
| 3.25%, 04/06/50 | &nbsp;&nbsp; 7878 | 5552378 |
| 3.75%, 09/12/46 | &nbsp;&nbsp; 5176 | 4106963 |
| 3.88%, 11/13/28<sup>(b)</sup> | &nbsp;&nbsp; 6355 | 6385287 |
| 4.00%, 05/10/46 | &nbsp;&nbsp; 6939 | 5736297 |
| 4.13%, 11/06/30 | &nbsp;&nbsp; 3045 | 3067891 |
| 4.13%, 05/11/35 | &nbsp;&nbsp; 6643 | 6471969 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 11308 | 9904623 |
| 4.55%, 08/12/43 | &nbsp;&nbsp; 4463 | 4082504 |
| 4.75%, 01/06/36 | &nbsp;&nbsp; 3845 | 3889770 |
| 5.13%, 10/15/41<sup>(b)</sup> | &nbsp;&nbsp; 110 | 109227 |
| 5.50%, 03/25/40<sup>(b)</sup> | &nbsp;&nbsp; 5873 | 6120244 |
| 6.38%, 12/15/38<sup>(b)</sup> | &nbsp;&nbsp; 10966 | 12435860 |
| Shell International Finance BV |  |  |
| 2.38%, 11/07/29 | &nbsp;&nbsp; 1010 | 959436 |
| 2.75%, 04/06/30<sup>(c)</sup> | &nbsp;&nbsp; 1450 | 1386433 |
| 2.88%, 11/26/41 | &nbsp;&nbsp; 3230 | 2429466 |
| 3.25%, 04/06/50<sup>(c)</sup> | &nbsp;&nbsp; 350 | 245678 |
| 3.63%, 08/21/42 | &nbsp;&nbsp; 2938 | 2404411 |
| 3.88%, 11/13/28 | &nbsp;&nbsp; 50 | 50157 |
| 4.00%, 05/10/46 | &nbsp;&nbsp; 1420 | 1182974 |
| 4.13%, 05/11/35<sup>(c)</sup> | &nbsp;&nbsp; 1340 | 1347237 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 1390 | 1219629 |
| 6.38%, 12/15/38 | &nbsp;&nbsp; 279 | 315915 |
| Suncor Energy, Inc. |  |  |
| 3.75%, 03/04/51 | &nbsp;&nbsp; 4073 | 2979466 |
| 4.00%, 11/15/47 | &nbsp;&nbsp; 4272 | 3344761 |
| 5.95%, 12/01/34 | &nbsp;&nbsp; 2835 | 3044367 |
| 6.50%, 06/15/38 | &nbsp;&nbsp; 420 | 462230 |
| 6.80%, 05/15/38 | &nbsp;&nbsp; 2746 | 3101890 |
| 6.85%, 06/01/39 | &nbsp;&nbsp; 4516 | 5081046 |
| 7.15%, 02/01/32 | &nbsp;&nbsp; 2372 | 2685268 |
| TotalEnergies Capital International SA |  |  |
| 2.83%, 01/10/30 | &nbsp;&nbsp; 6369 | 6154839 |
| 2.99%, 06/29/41 | &nbsp;&nbsp; 5768 | 4450673 |
| 3.13%, 05/29/50 | &nbsp;&nbsp; 11721 | 8040101 |
| 3.39%, 06/29/60 | &nbsp;&nbsp; 4055 | 2695344 |
| 3.46%, 02/19/29 | &nbsp;&nbsp; 6484 | 6429902 |
| 3.46%, 07/12/49 | &nbsp;&nbsp; 6995 | 5150425 |
| TotalEnergies Capital SA |  |  |
| 3.88%, 10/11/28 | &nbsp;&nbsp; 5542 | 5570493 |
| 4.72%, 09/10/34 | &nbsp;&nbsp; 3670 | 3742594 |
| 5.15%, 04/05/34 | &nbsp;&nbsp; 6420 | 6725462 |
| 5.28%, 09/10/54 | &nbsp;&nbsp; 3730 | 3581308 |
| 5.43%, 09/10/64 | &nbsp;&nbsp; 4090 | 3896369 |
| 5.49%, 04/05/54 | &nbsp;&nbsp; 6060 | 5996753 |
| 5.64%, 04/05/64 | &nbsp;&nbsp; 4325 | 4275718 |
| TotalEnergies Capital USA LLC |  |  |
| 4.25%, 01/13/31 | &nbsp;&nbsp; 460 | 463981 |
| 4.57%, 01/13/33 | &nbsp;&nbsp; 100 | 101342 |
| Valero Energy Corp. |  |  |
| 2.15%, 09/15/27 | &nbsp;&nbsp; 4320 | 4205507 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 2.80%, 12/01/31 | &nbsp;&nbsp; $2915 | $2694124 |
| 3.65%, 12/01/51 | &nbsp;&nbsp; 4375 | 3116799 |
| 4.00%, 04/01/29 | &nbsp;&nbsp; 2265 | 2265610 |
| 4.00%, 06/01/52 | &nbsp;&nbsp; 2935 | 2225264 |
| 4.35%, 06/01/28 | &nbsp;&nbsp; 3896 | 3926291 |
| 4.90%, 03/15/45 | &nbsp;&nbsp; 3201 | 2938015 |
| 5.15%, 02/15/30 | &nbsp;&nbsp; 2250 | 2332304 |
| 6.63%, 06/15/37 | &nbsp;&nbsp; 7655 | 8594196 |
| 7.50%, 04/15/32 | &nbsp;&nbsp; 3188 | 3701467 |
| Viper Energy Partners LLC |  |  |
| 4.90%, 08/01/30 | &nbsp;&nbsp; 1495 | 1526999 |
| 5.70%, 08/01/35 | &nbsp;&nbsp; 3340 | 3459711 |
| Woodside Finance Ltd. |  |  |
| 4.90%, 05/19/28 | &nbsp;&nbsp; 545 | 554324 |
| 5.10%, 09/12/34 | &nbsp;&nbsp; 4650 | 4667797 |
| 5.40%, 05/19/30 | &nbsp;&nbsp; 920 | 954493 |
| 5.70%, 05/19/32 | &nbsp;&nbsp; 730 | 772247 |
| 5.70%, 09/12/54 | &nbsp;&nbsp; 4630 | 4463777 |
| 6.00%, 05/19/35 | &nbsp;&nbsp; 1570 | 1662454 |
|  |  | 1160684801 |
| **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** |
| Baker Hughes Holdings LLC, 5.13%, 09/15/40 | &nbsp;&nbsp; 5909 | 5876792 |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc.<br>|  |  |
| 3.14%, 11/07/29 | &nbsp;&nbsp; 2551 | 2485870 |
| 3.34%, 12/15/27 | &nbsp;&nbsp; 7511 | 7449331 |
| 4.08%, 12/15/47 | &nbsp;&nbsp; 6533 | 5305984 |
| 4.49%, 05/01/30 | &nbsp;&nbsp; 2859 | 2905868 |
| Halliburton Co. |  |  |
| 2.92%, 03/01/30 | &nbsp;&nbsp; 3863 | 3700928 |
| 4.50%, 11/15/41 | &nbsp;&nbsp; 2605 | 2371720 |
| 4.75%, 08/01/43 | &nbsp;&nbsp; 4275 | 3881570 |
| 4.85%, 11/15/35 | &nbsp;&nbsp; 4910 | 4908733 |
| 5.00%, 11/15/45 | &nbsp;&nbsp; 9036 | 8293342 |
| 6.70%, 09/15/38 | &nbsp;&nbsp; 3811 | 4346376 |
| 7.45%, 09/15/39 | &nbsp;&nbsp; 4561 | 5509773 |
| NOV, Inc. |  |  |
| 3.60%, 12/01/29 | &nbsp;&nbsp; 3302 | 3237604 |
| 3.95%, 12/01/42 | &nbsp;&nbsp; 6276 | 5071622 |
| Schlumberger Investment SA, 2.65%, <br> 06/26/30<br>| &nbsp;&nbsp; 3378 | 3218428 |
|  |  | 68563941 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Amcor Finance USA, Inc. |  |  |
| 4.50%, 05/15/28 | &nbsp;&nbsp; 2240 | 2261624 |
| 5.63%, 05/26/33 | &nbsp;&nbsp; 2865 | 3039398 |
| Amcor Flexibles North America, Inc. |  |  |
| 2.63%, 06/19/30 | &nbsp;&nbsp; 2970 | 2791717 |
| 2.69%, 05/25/31 | &nbsp;&nbsp; 3775 | 3487615 |
| 4.80%, 03/17/28 | &nbsp;&nbsp; 3610 | 3672146 |
| 5.10%, 03/17/30 | &nbsp;&nbsp; 1295 | 1340011 |
| 5.50%, 03/17/35<sup>(c)</sup> | &nbsp;&nbsp; 2275 | 2393368 |
| Amcor Group Finance PLC, 5.45%, 05/23/29 | &nbsp;&nbsp; 2320 | 2414021 |
| AptarGroup, Inc. |  |  |
| 3.60%, 03/15/32 | &nbsp;&nbsp; 1400 | 1335695 |
| 4.75%, 03/30/31 | &nbsp;&nbsp; 2510 | 2547217 |
| Berry Global, Inc. |  |  |
| 5.50%, 04/15/28 | &nbsp;&nbsp; 2781 | 2868919 |
| 5.65%, 01/15/34<sup>(c)</sup> | &nbsp;&nbsp; 3770 | 3983105 |
| 5.80%, 06/15/31 | &nbsp;&nbsp; 3860 | 4112041 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| Packaging Corp. of America |  |  |
| 3.00%, 12/15/29 | &nbsp;&nbsp; $2764 | $2663146 |
| 3.05%, 10/01/51 | &nbsp;&nbsp; 2725 | 1803047 |
| 3.40%, 12/15/27 | &nbsp;&nbsp; 3634 | 3604207 |
| 4.05%, 12/15/49 | &nbsp;&nbsp; 2952 | 2372435 |
| 5.20%, 08/15/35 | &nbsp;&nbsp; 1170 | 1199110 |
| 5.70%, 12/01/33 | &nbsp;&nbsp; 2261 | 2409222 |
| Smurfit Kappa Treasury ULC |  |  |
| 5.20%, 01/15/30 | &nbsp;&nbsp; 2480 | 2570603 |
| 5.44%, 04/03/34 | &nbsp;&nbsp; 5615 | 5852937 |
| 5.78%, 04/03/54<sup>(c)</sup> | &nbsp;&nbsp; 3790 | 3834505 |
| Smurfit Westrock Financing DAC |  |  |
| 5.19%, 01/15/36 | &nbsp;&nbsp; 2380 | 2424321 |
| 5.42%, 01/15/35 | &nbsp;&nbsp; 2945 | 3056337 |
| Sonoco Products Co. |  |  |
| 2.85%, 02/01/32 | &nbsp;&nbsp; 2513 | 2305371 |
| 3.13%, 05/01/30 | &nbsp;&nbsp; 3465 | 3309746 |
| 4.60%, 09/01/29 | &nbsp;&nbsp; 1745 | 1769217 |
| 5.00%, 09/01/34<sup>(c)</sup> | &nbsp;&nbsp; 1880 | 1896190 |
| 5.75%, 11/01/40 | &nbsp;&nbsp; 1525 | 1581256 |
| WestRock MWV LLC |  |  |
| 7.95%, 02/15/31 | &nbsp;&nbsp; 1618 | 1866335 |
| 8.20%, 01/15/30 | &nbsp;&nbsp; 3126 | 3578724 |
| WRKCo, Inc. |  |  |
| 3.00%, 06/15/33 | &nbsp;&nbsp; 3213 | 2899445 |
| 3.90%, 06/01/28 | &nbsp;&nbsp; 3081 | 3077281 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 2946 | 2950147 |
| 4.20%, 06/01/32 | &nbsp;&nbsp; 2326 | 2283116 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 3834 | 3922958 |
|  |  | 99476533 |
| **Pharmaceuticals — 1.2%** | **Pharmaceuticals — 1.2%** | **Pharmaceuticals — 1.2%** |
| AbbVie, Inc. |  |  |
| 3.20%, 11/21/29 | &nbsp;&nbsp; 25304 | 24715250 |
| 3.78%, 03/03/28 | &nbsp;&nbsp; 4515 | 4521219 |
| 4.05%, 11/21/39 | &nbsp;&nbsp; 18396 | 16642801 |
| 4.13%, 03/15/31 | &nbsp;&nbsp; 3375 | 3385393 |
| 4.25%, 11/14/28 | &nbsp;&nbsp; 4051 | 4099555 |
| 4.25%, 11/21/49 | &nbsp;&nbsp; 24858 | 20905880 |
| 4.30%, 05/14/36 | &nbsp;&nbsp; 5360 | 5194952 |
| 4.40%, 03/15/33 | &nbsp;&nbsp; 6150 | 6176673 |
| 4.40%, 11/06/42 | &nbsp;&nbsp; 11267 | 10209860 |
| 4.45%, 05/14/46 | &nbsp;&nbsp; 8628 | 7646331 |
| 4.50%, 05/14/35 | &nbsp;&nbsp; 11626 | 11520548 |
| 4.55%, 03/15/35 | &nbsp;&nbsp; 7800 | 7762522 |
| 4.63%, 10/01/42 | &nbsp;&nbsp; 3388 | 3164945 |
| 4.65%, 03/15/28 | &nbsp;&nbsp; 5395 | 5487404 |
| 4.70%, 05/14/45 | &nbsp;&nbsp; 11393 | 10442215 |
| 4.75%, 03/15/36 | &nbsp;&nbsp; 3840 | 3861130 |
| 4.75%, 03/15/45 | &nbsp;&nbsp; 4634 | 4296942 |
| 4.80%, 03/15/27 | &nbsp;&nbsp; 11120 | 11222936 |
| 4.80%, 03/15/29 | &nbsp;&nbsp; 15090 | 15502201 |
| 4.85%, 06/15/44 | &nbsp;&nbsp; 5183 | 4873337 |
| 4.88%, 03/15/30 | &nbsp;&nbsp; 5365 | 5547539 |
| 4.88%, 11/14/48 | &nbsp;&nbsp; 8550 | 7890614 |
| 4.95%, 03/15/31 | &nbsp;&nbsp; 8395 | 8736982 |
| 5.05%, 03/15/34 | &nbsp;&nbsp; 13550 | 14064573 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 4945 | 5150981 |
| 5.35%, 03/15/44 | &nbsp;&nbsp; 4020 | 4023863 |
| 5.40%, 03/15/54 | &nbsp;&nbsp; 12050 | 11832184 |
| 5.50%, 03/15/64 | &nbsp;&nbsp; 5685 | 5595743 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 1675 | 1684788 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 5.60%, 03/15/55 | &nbsp;&nbsp; $3340 | $3376438 |
| 5.65%, 03/15/66 | &nbsp;&nbsp; 5135 | 5153241 |
| Astrazeneca Finance LLC |  |  |
| 1.75%, 05/28/28 | &nbsp;&nbsp; 6904 | 6609604 |
| 2.25%, 05/28/31 | &nbsp;&nbsp; 4137 | 3791464 |
| 4.00%, 03/02/31 | &nbsp;&nbsp; 1880 | 1882923 |
| 4.30%, 03/02/33 | &nbsp;&nbsp; 2200 | 2205696 |
| 4.60%, 03/02/36 | &nbsp;&nbsp; 2200 | 2199618 |
| 4.85%, 02/26/29 | &nbsp;&nbsp; 6120 | 6303942 |
| 4.88%, 03/03/28 | &nbsp;&nbsp; 5950 | 6081106 |
| 4.88%, 03/03/33 | &nbsp;&nbsp; 2129 | 2212701 |
| 4.90%, 03/03/30 | &nbsp;&nbsp; 3520 | 3644757 |
| 4.90%, 02/26/31 | &nbsp;&nbsp; 4835 | 5024034 |
| 5.00%, 02/26/34 | &nbsp;&nbsp; 6145 | 6393040 |
| AstraZeneca PLC |  |  |
| 1.38%, 08/06/30 | &nbsp;&nbsp; 6501 | 5832572 |
| 2.13%, 08/06/50 | &nbsp;&nbsp; 3374 | 1925976 |
| 3.00%, 05/28/51 | &nbsp;&nbsp; 1555 | 1068669 |
| 3.13%, 06/12/27 | &nbsp;&nbsp; 5516 | 5482867 |
| 4.00%, 01/17/29 | &nbsp;&nbsp; 4970 | 5003390 |
| 4.00%, 09/18/42 | &nbsp;&nbsp; 5139 | 4479268 |
| 4.38%, 11/16/45 | &nbsp;&nbsp; 4474 | 3992778 |
| 4.38%, 08/17/48 | &nbsp;&nbsp; 4112 | 3636328 |
| 6.45%, 09/15/37 | &nbsp;&nbsp; 12747 | 14602190 |
| Becton Dickinson & Co. |  |  |
| 1.96%, 02/11/31 | &nbsp;&nbsp; 5205 | 4680852 |
| 2.82%, 05/20/30 | &nbsp;&nbsp; 3977 | 3782867 |
| 3.70%, 06/06/27 | &nbsp;&nbsp; 9183 | 9151571 |
| 3.79%, 05/20/50 | &nbsp;&nbsp; 2822 | 2172860 |
| 4.30%, 08/22/32 | &nbsp;&nbsp; 2850 | 2846829 |
| 4.69%, 02/13/28 | &nbsp;&nbsp; 4720 | 4781053 |
| 4.87%, 02/08/29 | &nbsp;&nbsp; 3805 | 3897938 |
| 5.11%, 02/08/34 | &nbsp;&nbsp; 1715 | 1765355 |
| Bristol-Myers Squibb Co. |  |  |
| 1.13%, 11/13/27 | &nbsp;&nbsp; 4356 | 4179233 |
| 1.45%, 11/13/30 | &nbsp;&nbsp; 5875 | 5248706 |
| 2.35%, 11/13/40 | &nbsp;&nbsp; 3429 | 2475118 |
| 2.55%, 11/13/50 | &nbsp;&nbsp; 8387 | 5058577 |
| 2.95%, 03/15/32 | &nbsp;&nbsp; 6390 | 5969480 |
| 3.25%, 08/01/42 | &nbsp;&nbsp; 3453 | 2709255 |
| 3.40%, 07/26/29 | &nbsp;&nbsp; 11767 | 11596693 |
| 3.45%, 11/15/27 | &nbsp;&nbsp; 3540 | 3532041 |
| 3.55%, 03/15/42 | &nbsp;&nbsp; 4875 | 4003384 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 9915 | 7397017 |
| 3.90%, 03/15/62 | &nbsp;&nbsp; 5672 | 4167972 |
| 4.13%, 06/15/39 | &nbsp;&nbsp; 10486 | 9643353 |
| 4.25%, 10/26/49 | &nbsp;&nbsp; 16332 | 13581367 |
| 4.35%, 11/15/47 | &nbsp;&nbsp; 6709 | 5744947 |
| 4.50%, 03/01/44 | &nbsp;&nbsp; 1435 | 1294030 |
| 4.55%, 02/20/48 | &nbsp;&nbsp; 6721 | 5884057 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 3135 | 2865550 |
| 4.90%, 02/22/29 | &nbsp;&nbsp; 30 | 30970 |
| 5.00%, 08/15/45 | &nbsp;&nbsp; 3340 | 3183030 |
| 5.10%, 02/22/31 | &nbsp;&nbsp; 5535 | 5786957 |
| 5.20%, 02/22/34 | &nbsp;&nbsp; 10970 | 11476483 |
| 5.50%, 02/22/44 | &nbsp;&nbsp; 2140 | 2182365 |
| 5.55%, 02/22/54 | &nbsp;&nbsp; 10285 | 10201398 |
| 5.65%, 02/22/64 | &nbsp;&nbsp; 50 | 50213 |
| 5.75%, 02/01/31 | &nbsp;&nbsp; 4355 | 4675103 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 2279 | 2500221 |
| 6.25%, 11/15/53 | &nbsp;&nbsp; 290 | 320053 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 6.40%, 11/15/63 | &nbsp;&nbsp; $440 | $488993 |
| Cardinal Health, Inc. |  |  |
| 3.41%, 06/15/27 | &nbsp;&nbsp; 3935 | 3910181 |
| 4.37%, 06/15/47 | &nbsp;&nbsp; 2694 | 2274137 |
| 4.50%, 09/15/30 | &nbsp;&nbsp; 1905 | 1931479 |
| 4.50%, 11/15/44 | &nbsp;&nbsp; 1955 | 1705280 |
| 4.60%, 03/15/43 | &nbsp;&nbsp; 1835 | 1648087 |
| 4.90%, 09/15/45 | &nbsp;&nbsp; 2352 | 2154050 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 2910 | 2998558 |
| 5.13%, 02/15/29 | &nbsp;&nbsp; 4205 | 4336938 |
| 5.15%, 09/15/35 | &nbsp;&nbsp; 3015 | 3085071 |
| 5.35%, 11/15/34 | &nbsp;&nbsp; 2350 | 2442340 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 2315 | 2434797 |
| 5.75%, 11/15/54 | &nbsp;&nbsp; 2505 | 2525013 |
| Cencora, Inc. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 5790 | 5396908 |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 3027 | 2874936 |
| 3.45%, 12/15/27 | &nbsp;&nbsp; 5936 | 5891418 |
| 3.95%, 02/13/29 | &nbsp;&nbsp; 2040 | 2041057 |
| 4.25%, 11/15/30 | &nbsp;&nbsp; 820 | 823085 |
| 4.25%, 03/01/45 | &nbsp;&nbsp; 2660 | 2296956 |
| 4.30%, 12/15/47 | &nbsp;&nbsp; 2655 | 2285410 |
| 4.60%, 02/13/33 | &nbsp;&nbsp; 1290 | 1299163 |
| 4.63%, 12/15/27 | &nbsp;&nbsp; 1360 | 1376688 |
| 4.85%, 12/15/29 | &nbsp;&nbsp; 2945 | 3030010 |
| 4.90%, 02/13/36 | &nbsp;&nbsp; 2730 | 2748692 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 1325 | 1373305 |
| 5.15%, 02/15/35 | &nbsp;&nbsp; 2200 | 2273505 |
| 5.65%, 02/13/56 | &nbsp;&nbsp; 1650 | 1657387 |
| CVS Health Corp. |  |  |
| 1.30%, 08/21/27 | &nbsp;&nbsp; 11831 | 11391866 |
| 1.75%, 08/21/30 | &nbsp;&nbsp; 5945 | 5342527 |
| 1.88%, 02/28/31 | &nbsp;&nbsp; 6215 | 5537104 |
| 2.13%, 09/15/31 | &nbsp;&nbsp; 4570 | 4055849 |
| 2.70%, 08/21/40 | &nbsp;&nbsp; 510 | 372401 |
| 3.25%, 08/15/29 | &nbsp;&nbsp; 7863 | 7645554 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 3638 | 3625767 |
| 3.75%, 04/01/30 | &nbsp;&nbsp; 5628 | 5537842 |
| 4.13%, 04/01/40 | &nbsp;&nbsp; 3281 | 2849322 |
| 4.25%, 04/01/50 | &nbsp;&nbsp; 2038 | 1611022 |
| 4.30%, 03/25/28 | &nbsp;&nbsp; 16450 | 16543648 |
| 4.78%, 03/25/38 | &nbsp;&nbsp; 22820 | 21777217 |
| 4.88%, 07/20/35 | &nbsp;&nbsp; 3599 | 3571685 |
| 5.00%, 01/30/29 | &nbsp;&nbsp; 5120 | 5252047 |
| 5.00%, 09/15/32 | &nbsp;&nbsp; 2765 | 2836369 |
| 5.05%, 03/25/48 | &nbsp;&nbsp; 35329 | 31491566 |
| 5.13%, 02/21/30 | &nbsp;&nbsp; 5495 | 5665537 |
| 5.13%, 07/20/45 | &nbsp;&nbsp; 14599 | 13346175 |
| 5.25%, 01/30/31 | &nbsp;&nbsp; 3660 | 3810695 |
| 5.25%, 02/21/33 | &nbsp;&nbsp; 7531 | 7811953 |
| 5.30%, 06/01/33 | &nbsp;&nbsp; 5471 | 5667867 |
| 5.30%, 12/05/43 | &nbsp;&nbsp; 3612 | 3404524 |
| 5.40%, 06/01/29 | &nbsp;&nbsp; 4735 | 4921369 |
| 5.45%, 09/15/35 | &nbsp;&nbsp; 6900 | 7114153 |
| 5.55%, 06/01/31 | &nbsp;&nbsp; 4745 | 5003616 |
| 5.63%, 02/21/53 | &nbsp;&nbsp; 6110 | 5814601 |
| 5.70%, 06/01/34 | &nbsp;&nbsp; 5875 | 6195930 |
| 5.88%, 06/01/53 | &nbsp;&nbsp; 5907 | 5783361 |
| 6.00%, 06/01/44 | &nbsp;&nbsp; 3715 | 3770957 |
| 6.00%, 06/01/63 | &nbsp;&nbsp; 3495 | 3415100 |
| 6.05%, 06/01/54 | &nbsp;&nbsp; 4495 | 4515478 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 6.13%, 09/15/39 | &nbsp;&nbsp; $2753 | $2917755 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 5390 | 5526834 |
| 6.25%, 06/01/27 | &nbsp;&nbsp; 1500 | 1541664 |
| 6.25%, 09/15/65 | &nbsp;&nbsp; 2395 | 2425521 |
| Eli Lilly & Co. |  |  |
| 2.25%, 05/15/50 | &nbsp;&nbsp; 7162 | 4185567 |
| 2.50%, 09/15/60 | &nbsp;&nbsp; 5055 | 2786676 |
| 3.10%, 05/15/27 | &nbsp;&nbsp; 4044 | 4019658 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 6150 | 6088667 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 4255 | 3456288 |
| 3.95%, 05/15/47 | &nbsp;&nbsp; 3418 | 2830215 |
| 3.95%, 03/15/49 | &nbsp;&nbsp; 2530 | 2064600 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 5535 | 5581841 |
| 4.15%, 08/14/27 | &nbsp;&nbsp; 5035 | 5071682 |
| 4.15%, 03/15/59 | &nbsp;&nbsp; 3271 | 2631896 |
| 4.20%, 08/14/29 | &nbsp;&nbsp; 5825 | 5903730 |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 5515 | 5591470 |
| 4.50%, 02/09/29 | &nbsp;&nbsp; 4845 | 4954344 |
| 4.55%, 02/12/28 | &nbsp;&nbsp; 3815 | 3878220 |
| 4.55%, 10/15/32 | &nbsp;&nbsp; 5055 | 5157671 |
| 4.60%, 08/14/34 | &nbsp;&nbsp; 5905 | 5995281 |
| 4.70%, 02/27/33 | &nbsp;&nbsp; 4130 | 4248887 |
| 4.70%, 02/09/34 | &nbsp;&nbsp; 7015 | 7191816 |
| 4.75%, 02/12/30 | &nbsp;&nbsp; 4365 | 4508374 |
| 4.88%, 02/27/53 | &nbsp;&nbsp; 4319 | 3975702 |
| 4.90%, 02/12/32 | &nbsp;&nbsp; 3165 | 3295377 |
| 4.90%, 10/15/35 | &nbsp;&nbsp; 6015 | 6160052 |
| 4.95%, 02/27/63 | &nbsp;&nbsp; 3965 | 3601428 |
| 5.00%, 02/09/54 | &nbsp;&nbsp; 5685 | 5343440 |
| 5.05%, 08/14/54 | &nbsp;&nbsp; 5485 | 5172994 |
| 5.10%, 02/12/35 | &nbsp;&nbsp; 5305 | 5531940 |
| 5.10%, 02/09/64 | &nbsp;&nbsp; 5930 | 5506675 |
| 5.20%, 08/14/64 | &nbsp;&nbsp; 2615 | 2464261 |
| 5.50%, 03/15/27<sup>(c)</sup> | &nbsp;&nbsp; 960 | 978577 |
| 5.50%, 02/12/55 | &nbsp;&nbsp; 3835 | 3863263 |
| 5.55%, 03/15/37 | &nbsp;&nbsp; 3480 | 3774687 |
| 5.55%, 10/15/55 | &nbsp;&nbsp; 2320 | 2356883 |
| 5.60%, 02/12/65 | &nbsp;&nbsp; 4080 | 4116399 |
| 5.65%, 10/15/65 | &nbsp;&nbsp; 2995 | 3030344 |
| GlaxoSmithKline Capital PLC |  |  |
| 3.38%, 06/01/29 | &nbsp;&nbsp; 6423 | 6333774 |
| 4.32%, 03/12/27 | &nbsp;&nbsp; 1830 | 1841193 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 3.88%, 05/15/28 | &nbsp;&nbsp; 9478 | 9520174 |
| 4.20%, 03/18/43 | &nbsp;&nbsp; 3324 | 2980118 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 2330 | 2384528 |
| 4.88%, 04/15/35 | &nbsp;&nbsp; 2000 | 2039880 |
| 5.38%, 04/15/34 | &nbsp;&nbsp; 3146 | 3368048 |
| 6.38%, 05/15/38 | &nbsp;&nbsp; 12153 | 13861492 |
| Johnson & Johnson |  |  |
| 0.95%, 09/01/27 | &nbsp;&nbsp; 5286 | 5090345 |
| 1.30%, 09/01/30 | &nbsp;&nbsp; 7323 | 6609910 |
| 2.10%, 09/01/40 | &nbsp;&nbsp; 4896 | 3524678 |
| 2.25%, 09/01/50 | &nbsp;&nbsp; 1711 | 1024638 |
| 2.45%, 09/01/60<sup>(c)</sup> | &nbsp;&nbsp; 5653 | 3162352 |
| 2.90%, 01/15/28 | &nbsp;&nbsp; 9141 | 9048838 |
| 2.95%, 03/03/27 | &nbsp;&nbsp; 3905 | 3882430 |
| 3.40%, 01/15/38 | &nbsp;&nbsp; 4785 | 4265697 |
| 3.50%, 01/15/48 | &nbsp;&nbsp; 3285 | 2568623 |
| 3.55%, 03/01/36 | &nbsp;&nbsp; 4856 | 4523494 |
| 3.63%, 03/03/37 | &nbsp;&nbsp; 6841 | 6298697 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 3.70%, 03/01/46 | &nbsp;&nbsp; $9249 | $7596413 |
| 3.75%, 03/03/47 | &nbsp;&nbsp; 5246 | 4278137 |
| 4.38%, 12/05/33 | &nbsp;&nbsp; 4178 | 4254510 |
| 4.50%, 03/01/27 | &nbsp;&nbsp; 4600 | 4646186 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 2807 | 2737439 |
| 4.50%, 12/05/43 | &nbsp;&nbsp; 2268 | 2145124 |
| 4.55%, 03/01/28 | &nbsp;&nbsp; 2800 | 2851551 |
| 4.70%, 03/01/30 | &nbsp;&nbsp; 4190 | 4343047 |
| 4.80%, 06/01/29 | &nbsp;&nbsp; 5780 | 5984399 |
| 4.85%, 03/01/32 | &nbsp;&nbsp; 3980 | 4173584 |
| 4.85%, 05/15/41 | &nbsp;&nbsp; 2237 | 2243803 |
| 4.90%, 06/01/31 | &nbsp;&nbsp; 6530 | 6850428 |
| 4.95%, 05/15/33<sup>(c)</sup> | &nbsp;&nbsp; 2384 | 2527961 |
| 4.95%, 06/01/34<sup>(c)</sup> | &nbsp;&nbsp; 4115 | 4356254 |
| 5.00%, 03/01/35<sup>(c)</sup> | &nbsp;&nbsp; 4730 | 4975387 |
| 5.25%, 06/01/54<sup>(c)</sup> | &nbsp;&nbsp; 3680 | 3727288 |
| 5.85%, 07/15/38 | &nbsp;&nbsp; 3403 | 3789584 |
| 5.95%, 08/15/37 | &nbsp;&nbsp; 4304 | 4828528 |
| 6.95%, 09/01/29 | &nbsp;&nbsp; 2873 | 3180060 |
| McKesson Corp. |  |  |
| 3.95%, 02/16/28 | &nbsp;&nbsp; 3002 | 3007047 |
| 4.25%, 09/15/29 | &nbsp;&nbsp; 2630 | 2656785 |
| 4.65%, 05/30/30 | &nbsp;&nbsp; 3530 | 3612426 |
| 4.90%, 07/15/28 | &nbsp;&nbsp; 2971 | 3045304 |
| 4.95%, 05/30/32 | &nbsp;&nbsp; 3740 | 3888075 |
| 5.10%, 07/15/33 | &nbsp;&nbsp; 2520 | 2630985 |
| 5.25%, 05/30/35 | &nbsp;&nbsp; 3480 | 3650762 |
| Mead Johnson Nutrition Co., 4.60%, 06/01/44 | &nbsp;&nbsp; 3143 | 2861028 |
| Merck & Co., Inc. |  |  |
| 1.45%, 06/24/30 | &nbsp;&nbsp; 5819 | 5269115 |
| 1.70%, 06/10/27 | &nbsp;&nbsp; 8715 | 8514008 |
| 1.90%, 12/10/28 | &nbsp;&nbsp; 5619 | 5362806 |
| 2.15%, 12/10/31 | &nbsp;&nbsp; 9555 | 8637712 |
| 2.35%, 06/24/40 | &nbsp;&nbsp; 5266 | 3853323 |
| 2.45%, 06/24/50 | &nbsp;&nbsp; 5605 | 3360921 |
| 2.75%, 12/10/51 | &nbsp;&nbsp; 9000 | 5650653 |
| 2.90%, 12/10/61 | &nbsp;&nbsp; 7686 | 4552152 |
| 3.40%, 03/07/29 | &nbsp;&nbsp; 8661 | 8579200 |
| 3.60%, 09/15/42 | &nbsp;&nbsp; 2830 | 2334488 |
| 3.70%, 02/10/45 | &nbsp;&nbsp; 8969 | 7238022 |
| 3.85%, 09/15/27 | &nbsp;&nbsp; 4875 | 4896863 |
| 3.85%, 03/15/29 | &nbsp;&nbsp; 2310 | 2317906 |
| 3.90%, 03/07/39 | &nbsp;&nbsp; 4625 | 4203441 |
| 4.00%, 03/07/49 | &nbsp;&nbsp; 6693 | 5437914 |
| 4.05%, 05/17/28 | &nbsp;&nbsp; 3320 | 3346704 |
| 4.15%, 09/15/30 | &nbsp;&nbsp; 3475 | 3510545 |
| 4.15%, 03/15/31 | &nbsp;&nbsp; 3670 | 3697311 |
| 4.15%, 05/18/43 | &nbsp;&nbsp; 5542 | 4863664 |
| 4.30%, 05/17/30 | &nbsp;&nbsp; 4609 | 4680080 |
| 4.45%, 12/04/32 | &nbsp;&nbsp; 1850 | 1874405 |
| 4.50%, 05/17/33 | &nbsp;&nbsp; 4660 | 4741817 |
| 4.55%, 09/15/32 | &nbsp;&nbsp; 3815 | 3904106 |
| 4.75%, 12/04/35 | &nbsp;&nbsp; 4495 | 4538543 |
| 4.90%, 05/17/44 | &nbsp;&nbsp; 3550 | 3377793 |
| 4.95%, 09/15/35 | &nbsp;&nbsp; 5225 | 5356724 |
| 5.00%, 05/17/53 | &nbsp;&nbsp; 6870 | 6386277 |
| 5.15%, 05/17/63 | &nbsp;&nbsp; 3255 | 3024594 |
| 5.50%, 03/15/46 | &nbsp;&nbsp; 2835 | 2868781 |
| 5.55%, 12/04/55 | &nbsp;&nbsp; 3920 | 3927612 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 5710 | 5823830 |
| 5.70%, 12/04/65 | &nbsp;&nbsp; 4140 | 4157292 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 6.50%, 12/01/33 | &nbsp;&nbsp; $2808 | $3199740 |
| 6.55%, 09/15/37 | &nbsp;&nbsp; 2100 | 2425877 |
| Merck Sharp & Dohme Corp. |  |  |
| 5.75%, 11/15/36 | &nbsp;&nbsp; 2165 | 2383782 |
| 5.95%, 12/01/28 | &nbsp;&nbsp; 1498 | 1584019 |
| Mylan, Inc. |  |  |
| 4.55%, 04/15/28 | &nbsp;&nbsp; 3475 | 3491471 |
| 5.20%, 04/15/48 | &nbsp;&nbsp; 3275 | 2707536 |
| 5.40%, 11/29/43 | &nbsp;&nbsp; 2239 | 1970652 |
| Novartis Capital Corp. |  |  |
| 2.20%, 08/14/30 | &nbsp;&nbsp; 6338 | 5908998 |
| 2.75%, 08/14/50 | &nbsp;&nbsp; 6128 | 4013765 |
| 3.10%, 05/17/27 | &nbsp;&nbsp; 4449 | 4423585 |
| 3.70%, 09/21/42 | &nbsp;&nbsp; 2945 | 2480706 |
| 3.80%, 09/18/29 | &nbsp;&nbsp; 4255 | 4257861 |
| 3.90%, 11/05/28 | &nbsp;&nbsp; 2820 | 2832400 |
| 4.00%, 09/18/31 | &nbsp;&nbsp; 3875 | 3887312 |
| 4.00%, 11/20/45 | &nbsp;&nbsp; 5671 | 4840478 |
| 4.10%, 11/05/30 | &nbsp;&nbsp; 3820 | 3843528 |
| 4.20%, 09/18/34 | &nbsp;&nbsp; 3355 | 3327469 |
| 4.30%, 11/05/32 | &nbsp;&nbsp; 2980 | 3003369 |
| 4.40%, 05/06/44 | &nbsp;&nbsp; 8468 | 7700197 |
| 4.60%, 11/05/35 | &nbsp;&nbsp; 2600 | 2613332 |
| 4.70%, 09/18/54 | &nbsp;&nbsp; 2515 | 2273042 |
| 5.20%, 11/05/45 | &nbsp;&nbsp; 2200 | 2177779 |
| 5.30%, 11/05/55 | &nbsp;&nbsp; 1450 | 1435319 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 4.45%, 05/19/28 | &nbsp;&nbsp; 17955 | 18207151 |
| 4.65%, 05/19/30 | &nbsp;&nbsp; 9275 | 9501798 |
| 4.75%, 05/19/33 | &nbsp;&nbsp; 22836 | 23309449 |
| 5.11%, 05/19/43 | &nbsp;&nbsp; 9840 | 9566435 |
| 5.30%, 05/19/53 | &nbsp;&nbsp; 26575 | 25458325 |
| 5.34%, 05/19/63 | &nbsp;&nbsp; 13700 | 12848520 |
| Pfizer, Inc. |  |  |
| 1.70%, 05/28/30 | &nbsp;&nbsp; 6096 | 5576746 |
| 1.75%, 08/18/31 | &nbsp;&nbsp; 5200 | 4640414 |
| 2.55%, 05/28/40 | &nbsp;&nbsp; 5010 | 3755669 |
| 2.63%, 04/01/30 | &nbsp;&nbsp; 6473 | 6154866 |
| 2.70%, 05/28/50 | &nbsp;&nbsp; 5780 | 3700271 |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 8623 | 8561308 |
| 3.60%, 09/15/28 | &nbsp;&nbsp; 4623 | 4620555 |
| 3.88%, 11/15/27 | &nbsp;&nbsp; 1795 | 1803245 |
| 3.90%, 03/15/39 | &nbsp;&nbsp; 3898 | 3507039 |
| 4.00%, 12/15/36<sup>(c)</sup> | &nbsp;&nbsp; 4850 | 4597341 |
| 4.00%, 03/15/49 | &nbsp;&nbsp; 7417 | 6013268 |
| 4.10%, 09/15/38 | &nbsp;&nbsp; 3637 | 3379079 |
| 4.13%, 12/15/46 | &nbsp;&nbsp; 6052 | 5076425 |
| 4.20%, 11/15/30 | &nbsp;&nbsp; 3415 | 3448423 |
| 4.20%, 09/15/48 | &nbsp;&nbsp; 5900 | 4965712 |
| 4.30%, 06/15/43 | &nbsp;&nbsp; 3658 | 3260746 |
| 4.40%, 05/15/44 | &nbsp;&nbsp; 5194 | 4716080 |
| 4.50%, 11/15/32 | &nbsp;&nbsp; 4700 | 4773203 |
| 4.88%, 11/15/35 | &nbsp;&nbsp; 4900 | 4993766 |
| 5.60%, 09/15/40 | &nbsp;&nbsp; 3089 | 3254034 |
| 5.60%, 11/15/55<sup>(c)</sup> | &nbsp;&nbsp; 2505 | 2527160 |
| 5.70%, 11/15/65 | &nbsp;&nbsp; 2210 | 2196357 |
| 7.20%, 03/15/39 | &nbsp;&nbsp; 11613 | 14021169 |
| Pharmacia LLC, 6.60%, 12/01/28 | &nbsp;&nbsp; 6449 | 6908789 |
| Sanofi SA |  |  |
| 3.63%, 06/19/28 | &nbsp;&nbsp; 6991 | 6984756 |
| 3.75%, 11/03/27 | &nbsp;&nbsp; 2660 | 2665819 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 3.80%, 11/03/28 | &nbsp;&nbsp; $2300 | $2302653 |
| 4.20%, 11/03/32 | &nbsp;&nbsp; 2090 | 2095832 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| 2.05%, 03/31/30 | &nbsp;&nbsp; 11893 | 10975667 |
| 3.03%, 07/09/40 | &nbsp;&nbsp; 7261 | 5665839 |
| 3.18%, 07/09/50 | &nbsp;&nbsp; 8970 | 6154764 |
| 3.38%, 07/09/60 | &nbsp;&nbsp; 4346 | 2854410 |
| 5.00%, 11/26/28 | &nbsp;&nbsp; 8456 | 8655662 |
| 5.30%, 07/05/34 | &nbsp;&nbsp; 3520 | 3670654 |
| 5.65%, 07/05/44 | &nbsp;&nbsp; 2830 | 2896401 |
| 5.65%, 07/05/54 | &nbsp;&nbsp; 2970 | 2966844 |
| 5.80%, 07/05/64 | &nbsp;&nbsp; 2565 | 2583343 |
| Takeda U.S. Financing, Inc. |  |  |
| 5.20%, 07/07/35 | &nbsp;&nbsp; 6210 | 6385343 |
| 5.90%, 07/07/55 | &nbsp;&nbsp; 4152 | 4292960 |
| Utah Acquisition Sub, Inc., 5.25%, 06/15/46 | &nbsp;&nbsp; 4417 | 3722731 |
| Viatris, Inc. |  |  |
| 2.30%, 06/22/27 | &nbsp;&nbsp; 3953 | 3854588 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 5975 | 5518325 |
| 3.85%, 06/22/40 | &nbsp;&nbsp; 6566 | 5171013 |
| 4.00%, 06/22/50 | &nbsp;&nbsp; 8425 | 5765477 |
| Wyeth LLC |  |  |
| 5.95%, 04/01/37 | &nbsp;&nbsp; 9128 | 9985011 |
| 6.00%, 02/15/36 | &nbsp;&nbsp; 2619 | 2878696 |
| 6.50%, 02/01/34 | &nbsp;&nbsp; 3584 | 4054353 |
| Zoetis, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 5165 | 4767310 |
| 3.00%, 09/12/27 | &nbsp;&nbsp; 5301 | 5240908 |
| 3.00%, 05/15/50 | &nbsp;&nbsp; 2850 | 1930086 |
| 3.90%, 08/20/28 | &nbsp;&nbsp; 3789 | 3792797 |
| 3.95%, 09/12/47 | &nbsp;&nbsp; 2484 | 2044857 |
| 4.15%, 08/17/28 | &nbsp;&nbsp; 2690 | 2710294 |
| 4.45%, 08/20/48 | &nbsp;&nbsp; 1969 | 1724495 |
| 4.70%, 02/01/43 | &nbsp;&nbsp; 5230 | 4858386 |
| 5.00%, 08/17/35 | &nbsp;&nbsp; 2600 | 2650966 |
| 5.60%, 11/16/32 | &nbsp;&nbsp; 1985 | 2125627 |
|  |  | 1740148119 |
| **Pipelines — 0.9%** | **Pipelines — 0.9%** | **Pipelines — 0.9%** |
| Boardwalk Pipelines LP |  |  |
| 3.40%, 02/15/31 | &nbsp;&nbsp; 2222 | 2123243 |
| 3.60%, 09/01/32 | &nbsp;&nbsp; 2180 | 2061537 |
| 4.45%, 07/15/27 | &nbsp;&nbsp; 1997 | 2005600 |
| 4.80%, 05/03/29 | &nbsp;&nbsp; 3181 | 3240709 |
| 5.38%, 02/15/36 | &nbsp;&nbsp; 1695 | 1721035 |
| 5.63%, 08/01/34 | &nbsp;&nbsp; 2315 | 2449488 |
| Cheniere Corpus Christi Holdings LLC |  |  |
| 2.74%, 12/31/39 | &nbsp;&nbsp; 2925 | 2547005 |
| 3.70%, 11/15/29 | &nbsp;&nbsp; 5645 | 5564834 |
| 5.13%, 06/30/27 | &nbsp;&nbsp; 4807 | 4852957 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/32 | &nbsp;&nbsp; 6667 | 6217761 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 6459 | 6334363 |
| 4.50%, 10/01/29 | &nbsp;&nbsp; 9795 | 9847396 |
| 5.55%, 10/30/35 | &nbsp;&nbsp; 2055 | 2137218 |
| 5.75%, 08/15/34 | &nbsp;&nbsp; 4885 | 5159211 |
| 5.95%, 06/30/33 | &nbsp;&nbsp; 4529 | 4855530 |
| Cheniere Energy, Inc. |  |  |
| 4.63%, 10/15/28 | &nbsp;&nbsp; 5242 | 5239913 |
| 5.65%, 04/15/34 | &nbsp;&nbsp; 5820 | 6119970 |
| Columbia Pipeline Group, Inc., 5.80%, <br> 06/01/45<br>| &nbsp;&nbsp; 3182 | 3234386 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| DCP Midstream Operating LP |  |  |
| 3.25%, 02/15/32 | &nbsp;&nbsp; $1885 | $1755678 |
| 5.13%, 05/15/29 | &nbsp;&nbsp; 470 | 483336 |
| 5.60%, 04/01/44 | &nbsp;&nbsp; 1695 | 1678949 |
| 5.63%, 07/15/27 | &nbsp;&nbsp; 1310 | 1334238 |
| 8.13%, 08/16/30 | &nbsp;&nbsp; 2110 | 2454319 |
| Eastern Energy Gas Holdings LLC |  |  |
| 5.65%, 10/15/54 | &nbsp;&nbsp; 3775 | 3725420 |
| 5.80%, 01/15/35 | &nbsp;&nbsp; 2175 | 2330525 |
| 6.20%, 01/15/55 | &nbsp;&nbsp; 1410 | 1500985 |
| Eastern Gas Transmission & Storage, Inc. |  |  |
| 3.00%, 11/15/29 | &nbsp;&nbsp; 3144 | 3036606 |
| 4.60%, 12/15/44 | &nbsp;&nbsp; 2881 | 2542216 |
| 4.80%, 11/01/43 | &nbsp;&nbsp; 2688 | 2458316 |
| Enbridge Energy Partners LP |  |  |
| 5.50%, 09/15/40 | &nbsp;&nbsp; 3320 | 3360590 |
| 7.38%, 10/15/45 | &nbsp;&nbsp; 3484 | 4120820 |
| Series B, 7.50%, 04/15/38 | &nbsp;&nbsp; 2625 | 3143360 |
| Enbridge, Inc. |  |  |
| 2.50%, 08/01/33 | &nbsp;&nbsp; 4750 | 4144211 |
| 3.13%, 11/15/29 | &nbsp;&nbsp; 5795 | 5602817 |
| 3.40%, 08/01/51 | &nbsp;&nbsp; 3260 | 2278133 |
| 3.70%, 07/15/27 | &nbsp;&nbsp; 4472 | 4459722 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 2378 | 1863595 |
| 4.20%, 11/20/28 | &nbsp;&nbsp; 2570 | 2584541 |
| 4.50%, 02/15/31 | &nbsp;&nbsp; 2810 | 2837384 |
| 4.50%, 06/10/44 | &nbsp;&nbsp; 1843 | 1603333 |
| 4.60%, 06/20/28 | &nbsp;&nbsp; 2000 | 2027554 |
| 4.90%, 06/20/30 | &nbsp;&nbsp; 2730 | 2809163 |
| 5.20%, 11/20/35 | &nbsp;&nbsp; 2350 | 2396385 |
| 5.25%, 04/05/27 | &nbsp;&nbsp; 2400 | 2432285 |
| 5.30%, 04/05/29 | &nbsp;&nbsp; 2925 | 3030664 |
| 5.50%, 12/01/46 | &nbsp;&nbsp; 1640 | 1622918 |
| 5.55%, 06/20/35 | &nbsp;&nbsp; 3395 | 3557484 |
| 5.63%, 04/05/34 | &nbsp;&nbsp; 5510 | 5827144 |
| 5.70%, 03/08/33 | &nbsp;&nbsp; 10165 | 10801796 |
| 5.95%, 04/05/54 | &nbsp;&nbsp; 3920 | 4042740 |
| 6.00%, 11/15/28 | &nbsp;&nbsp; 3610 | 3800717 |
| 6.20%, 11/15/30 | &nbsp;&nbsp; 3065 | 3317459 |
| 6.70%, 11/15/53 | &nbsp;&nbsp; 5099 | 5731563 |
| 7.20%, 06/27/54, (5-year CMT + 2.97%)<sup>(a)</sup> | &nbsp;&nbsp; 2921 | 3147468 |
| 7.38%, 03/15/55, (5-year CMT + 3.12%)<sup>(a)</sup> | &nbsp;&nbsp; 240 | 256098 |
| Energy Transfer LP |  |  |
| 3.75%, 05/15/30 | &nbsp;&nbsp; 6086 | 5985533 |
| 4.00%, 10/01/27 | &nbsp;&nbsp; 4676 | 4682058 |
| 4.15%, 09/15/29 | &nbsp;&nbsp; 3142 | 3149608 |
| 4.20%, 04/15/27 | &nbsp;&nbsp; 3147 | 3154562 |
| 4.40%, 03/15/27 | &nbsp;&nbsp; 3899 | 3911851 |
| 4.55%, 01/15/31 | &nbsp;&nbsp; 90 | 90890 |
| 4.90%, 03/15/35 | &nbsp;&nbsp; 2555 | 2547978 |
| 4.95%, 05/15/28 | &nbsp;&nbsp; 4323 | 4404575 |
| 4.95%, 06/15/28 | &nbsp;&nbsp; 5194 | 5296010 |
| 4.95%, 01/15/43 | &nbsp;&nbsp; 2645 | 2404803 |
| 5.00%, 05/15/44 | &nbsp;&nbsp; 2195 | 1965128 |
| 5.00%, 05/15/50 | &nbsp;&nbsp; 9139 | 7811067 |
| 5.15%, 02/01/43 | &nbsp;&nbsp; 2611 | 2400240 |
| 5.15%, 03/15/45 | &nbsp;&nbsp; 3872 | 3508435 |
| 5.20%, 04/01/30 | &nbsp;&nbsp; 3030 | 3149436 |
| 5.25%, 04/15/29 | &nbsp;&nbsp; 6447 | 6657416 |
| 5.25%, 07/01/29 | &nbsp;&nbsp; 4070 | 4220953 |
| 5.30%, 04/01/44 | &nbsp;&nbsp; 3879 | 3618098 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.30%, 04/15/47 | &nbsp;&nbsp; $4275 | $3899572 |
| 5.35%, 01/15/36 | &nbsp;&nbsp; 160 | 162555 |
| 5.35%, 05/15/45 | &nbsp;&nbsp; 4208 | 3880787 |
| 5.40%, 10/01/47 | &nbsp;&nbsp; 6813 | 6278128 |
| 5.50%, 06/01/27 | &nbsp;&nbsp; 5168 | 5246456 |
| 5.55%, 02/15/28 | &nbsp;&nbsp; 5170 | 5320791 |
| 5.55%, 05/15/34 | &nbsp;&nbsp; 5985 | 6235354 |
| 5.60%, 09/01/34 | &nbsp;&nbsp; 5465 | 5712489 |
| 5.70%, 04/01/35 | &nbsp;&nbsp; 2430 | 2553325 |
| 5.75%, 02/15/33 | &nbsp;&nbsp; 6865 | 7288108 |
| 5.95%, 10/01/43 | &nbsp;&nbsp; 1894 | 1911403 |
| 5.95%, 05/15/54 | &nbsp;&nbsp; 7494 | 7230126 |
| 6.00%, 06/15/48 | &nbsp;&nbsp; 4995 | 4928097 |
| 6.05%, 06/01/41 | &nbsp;&nbsp; 3464 | 3571744 |
| 6.05%, 09/01/54 | &nbsp;&nbsp; 5055 | 4950013 |
| 6.10%, 12/01/28 | &nbsp;&nbsp; 1905 | 2004996 |
| 6.10%, 02/15/42 | &nbsp;&nbsp; 2045 | 2097962 |
| 6.13%, 12/15/45 | &nbsp;&nbsp; 4913 | 4972436 |
| 6.20%, 04/01/55 | &nbsp;&nbsp; 2750 | 2752270 |
| 6.25%, 04/15/49 | &nbsp;&nbsp; 8099 | 8188791 |
| 6.30%, 01/15/56 | &nbsp;&nbsp; 440 | 444854 |
| 6.40%, 12/01/30 | &nbsp;&nbsp; 3910 | 4259860 |
| 6.50%, 02/01/42 | &nbsp;&nbsp; 3507 | 3756669 |
| 6.55%, 12/01/33 | &nbsp;&nbsp; 6951 | 7698777 |
| 6.63%, 10/15/36 | &nbsp;&nbsp; 2395 | 2675530 |
| 7.50%, 07/01/38 | &nbsp;&nbsp; 2610 | 3073254 |
| Series 20Y, 5.80%, 06/15/38 | &nbsp;&nbsp; 2814 | 2926173 |
| Enterprise Products Operating LLC |  |  |
| 2.80%, 01/31/30 | &nbsp;&nbsp; 5351 | 5127079 |
| 3.13%, 07/31/29 | &nbsp;&nbsp; 6616 | 6457193 |
| 3.20%, 02/15/52 | &nbsp;&nbsp; 5210 | 3509679 |
| 3.30%, 02/15/53 | &nbsp;&nbsp; 4445 | 3026215 |
| 3.70%, 01/31/51 | &nbsp;&nbsp; 5242 | 3925737 |
| 3.95%, 01/31/60 | &nbsp;&nbsp; 4949 | 3683652 |
| 4.15%, 10/16/28 | &nbsp;&nbsp; 5096 | 5137291 |
| 4.20%, 01/31/50 | &nbsp;&nbsp; 5820 | 4777602 |
| 4.25%, 02/15/48 | &nbsp;&nbsp; 5985 | 4990171 |
| 4.30%, 06/20/28 | &nbsp;&nbsp; 3920 | 3960782 |
| 4.45%, 02/15/43 | &nbsp;&nbsp; 5641 | 5051778 |
| 4.60%, 01/15/31 | &nbsp;&nbsp; 7850 | 8020561 |
| 4.80%, 02/01/49 | &nbsp;&nbsp; 6038 | 5427673 |
| 4.85%, 01/31/34 | &nbsp;&nbsp; 3060 | 3126406 |
| 4.85%, 08/15/42 | &nbsp;&nbsp; 3854 | 3636376 |
| 4.85%, 03/15/44 | &nbsp;&nbsp; 5957 | 5548523 |
| 4.90%, 05/15/46 | &nbsp;&nbsp; 4897 | 4536056 |
| 4.95%, 02/15/35 | &nbsp;&nbsp; 5540 | 5672257 |
| 4.95%, 10/15/54 | &nbsp;&nbsp; 2127 | 1922687 |
| 5.10%, 02/15/45 | &nbsp;&nbsp; 5869 | 5608260 |
| 5.20%, 01/15/36 | &nbsp;&nbsp; 7580 | 7814541 |
| 5.35%, 01/31/33 | &nbsp;&nbsp; 4612 | 4872396 |
| 5.38%, 02/15/78, (3-mo. CME Term SOFR <br> + 2.83%)<sup>(a)</sup><br>| &nbsp;&nbsp; 3385 | 3393447 |
| 5.55%, 02/16/55 | &nbsp;&nbsp; 3635 | 3594453 |
| 5.70%, 02/15/42 | &nbsp;&nbsp; 2377 | 2467549 |
| 5.95%, 02/01/41 | &nbsp;&nbsp; 3589 | 3833668 |
| 6.13%, 10/15/39 | &nbsp;&nbsp; 3112 | 3410887 |
| 6.45%, 09/01/40 | &nbsp;&nbsp; 2750 | 3096383 |
| 7.55%, 04/15/38 | &nbsp;&nbsp; 2544 | 3113447 |
| Series D, 6.88%, 03/01/33 | &nbsp;&nbsp; 1910 | 2194007 |
| Series E, 5.25%, 08/16/77, (3-mo. CME <br> Term SOFR + 3.29%)<sup>(a)</sup><br>| &nbsp;&nbsp; 4506 | 4517310 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Series H, 6.65%, 10/15/34 | &nbsp;&nbsp; $2540 | $2880218 |
| Kinder Morgan Energy Partners LP |  |  |
| 4.70%, 11/01/42 | &nbsp;&nbsp; 2822 | 2567813 |
| 5.00%, 08/15/42 | &nbsp;&nbsp; 2935 | 2770952 |
| 5.00%, 03/01/43 | &nbsp;&nbsp; 3120 | 2911020 |
| 5.40%, 09/01/44 | &nbsp;&nbsp; 2590 | 2506563 |
| 5.50%, 03/01/44 | &nbsp;&nbsp; 3150 | 3095309 |
| 5.63%, 09/01/41 | &nbsp;&nbsp; 2032 | 2045395 |
| 5.80%, 03/15/35 | &nbsp;&nbsp; 2576 | 2752361 |
| 6.38%, 03/01/41 | &nbsp;&nbsp; 2976 | 3250598 |
| 6.50%, 02/01/37 | &nbsp;&nbsp; 2011 | 2252166 |
| 6.50%, 09/01/39 | &nbsp;&nbsp; 3122 | 3462031 |
| 6.55%, 09/15/40 | &nbsp;&nbsp; 2338 | 2598458 |
| 6.95%, 01/15/38 | &nbsp;&nbsp; 5820 | 6712675 |
| 7.30%, 08/15/33 | &nbsp;&nbsp; 2925 | 3405700 |
| 7.40%, 03/15/31 | &nbsp;&nbsp; 1261 | 1441367 |
| 7.50%, 11/15/40 | &nbsp;&nbsp; 2014 | 2439853 |
| 7.75%, 03/15/32 | &nbsp;&nbsp; 1666 | 1950949 |
| Kinder Morgan, Inc. |  |  |
| 2.00%, 02/15/31 | &nbsp;&nbsp; 3120 | 2826380 |
| 3.25%, 08/01/50 | &nbsp;&nbsp; 2807 | 1889798 |
| 3.60%, 02/15/51 | &nbsp;&nbsp; 4120 | 2958914 |
| 4.30%, 03/01/28 | &nbsp;&nbsp; 7111 | 7170204 |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 3996 | 4066656 |
| 5.00%, 02/01/29 | &nbsp;&nbsp; 5980 | 6160117 |
| 5.05%, 02/15/46 | &nbsp;&nbsp; 3533 | 3258398 |
| 5.10%, 08/01/29 | &nbsp;&nbsp; 3060 | 3168268 |
| 5.15%, 06/01/30 | &nbsp;&nbsp; 1415 | 1472257 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 5125 | 5348174 |
| 5.20%, 03/01/48 | &nbsp;&nbsp; 3893 | 3641345 |
| 5.30%, 12/01/34 | &nbsp;&nbsp; 3940 | 4086379 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 4730 | 4967148 |
| 5.45%, 08/01/52 | &nbsp;&nbsp; 3800 | 3609438 |
| 5.55%, 06/01/45 | &nbsp;&nbsp; 7320 | 7232727 |
| 5.85%, 06/01/35 | &nbsp;&nbsp; 1220 | 1310597 |
| 5.95%, 08/01/54 | &nbsp;&nbsp; 3315 | 3387424 |
| 7.75%, 01/15/32 | &nbsp;&nbsp; 4689 | 5510062 |
| 7.80%, 08/01/31 | &nbsp;&nbsp; 2817 | 3297051 |
| MPLX LP |  |  |
| 2.65%, 08/15/30 | &nbsp;&nbsp; 6718 | 6292258 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 6425 | 6428130 |
| 4.13%, 03/01/27 | &nbsp;&nbsp; 6642 | 6648931 |
| 4.25%, 12/01/27 | &nbsp;&nbsp; 4337 | 4355967 |
| 4.50%, 04/15/38 | &nbsp;&nbsp; 9225 | 8574583 |
| 4.70%, 04/15/48 | &nbsp;&nbsp; 7144 | 6033705 |
| 4.80%, 02/15/29 | &nbsp;&nbsp; 4260 | 4342464 |
| 4.80%, 02/15/31 | &nbsp;&nbsp; 4040 | 4124337 |
| 4.90%, 04/15/58 | &nbsp;&nbsp; 2044 | 1700794 |
| 4.95%, 09/01/32 | &nbsp;&nbsp; 4465 | 4549204 |
| 4.95%, 03/14/52 | &nbsp;&nbsp; 7250 | 6244240 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 3350 | 3403040 |
| 5.00%, 03/01/33 | &nbsp;&nbsp; 4445 | 4518297 |
| 5.20%, 03/01/47 | &nbsp;&nbsp; 5058 | 4617070 |
| 5.20%, 12/01/47 | &nbsp;&nbsp; 2926 | 2659581 |
| 5.30%, 04/01/36 | &nbsp;&nbsp; 2865 | 2889252 |
| 5.40%, 04/01/35 | &nbsp;&nbsp; 3405 | 3483442 |
| 5.40%, 09/15/35 | &nbsp;&nbsp; 4855 | 4956394 |
| 5.50%, 06/01/34 | &nbsp;&nbsp; 6275 | 6503100 |
| 5.50%, 02/15/49 | &nbsp;&nbsp; 8051 | 7550932 |
| 5.65%, 03/01/53 | &nbsp;&nbsp; 2150 | 2031914 |
| 5.95%, 04/01/55 | &nbsp;&nbsp; 2825 | 2772368 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 6.10%, 04/01/56 | &nbsp;&nbsp; $2295 | $2295343 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 4260 | 4326435 |
| Northwest Pipeline LLC, 4.00%, 04/01/27 | &nbsp;&nbsp; 2924 | 2924701 |
| ONEOK Partners LP |  |  |
| 6.13%, 02/01/41 | &nbsp;&nbsp; 3406 | 3583008 |
| 6.20%, 09/15/43 | &nbsp;&nbsp; 2312 | 2397204 |
| 6.65%, 10/01/36 | &nbsp;&nbsp; 3293 | 3659617 |
| 6.85%, 10/15/37 | &nbsp;&nbsp; 3065 | 3446150 |
| ONEOK, Inc. |  |  |
| 3.10%, 03/15/30 | &nbsp;&nbsp; 3303 | 3163764 |
| 3.25%, 06/01/30 | &nbsp;&nbsp; 2497 | 2396819 |
| 3.40%, 09/01/29 | &nbsp;&nbsp; 3728 | 3645475 |
| 3.95%, 03/01/50 | &nbsp;&nbsp; 4569 | 3366525 |
| 4.00%, 07/13/27 | &nbsp;&nbsp; 3816 | 3818929 |
| 4.20%, 10/03/47 | &nbsp;&nbsp; 3138 | 2476087 |
| 4.25%, 09/24/27 | &nbsp;&nbsp; 2050 | 2059487 |
| 4.25%, 09/15/46 | &nbsp;&nbsp; 2708 | 2162646 |
| 4.35%, 03/15/29 | &nbsp;&nbsp; 3593 | 3615343 |
| 4.40%, 10/15/29 | &nbsp;&nbsp; 750 | 756031 |
| 4.45%, 09/01/49 | &nbsp;&nbsp; 3268 | 2696912 |
| 4.50%, 03/15/50 | &nbsp;&nbsp; 2506 | 2074960 |
| 4.55%, 07/15/28 | &nbsp;&nbsp; 4526 | 4575657 |
| 4.75%, 10/15/31 | &nbsp;&nbsp; 6115 | 6199782 |
| 4.85%, 02/01/49 | &nbsp;&nbsp; 2858 | 2457590 |
| 4.95%, 10/15/32 | &nbsp;&nbsp; 2460 | 2501152 |
| 4.95%, 07/13/47 | &nbsp;&nbsp; 3415 | 3030880 |
| 5.05%, 11/01/34 | &nbsp;&nbsp; 7700 | 7727434 |
| 5.05%, 04/01/45 | &nbsp;&nbsp; 2060 | 1841737 |
| 5.15%, 10/15/43 | &nbsp;&nbsp; 3141 | 2907924 |
| 5.20%, 07/15/48 | &nbsp;&nbsp; 4534 | 4122839 |
| 5.38%, 06/01/29 | &nbsp;&nbsp; 990 | 1025630 |
| 5.40%, 10/15/35 | &nbsp;&nbsp; 3440 | 3506188 |
| 5.45%, 06/01/47 | &nbsp;&nbsp; 1595 | 1505129 |
| 5.60%, 04/01/44 | &nbsp;&nbsp; 2130 | 2045146 |
| 5.65%, 11/01/28 | &nbsp;&nbsp; 3835 | 3986894 |
| 5.65%, 09/01/34 | &nbsp;&nbsp; 1490 | 1555649 |
| 5.70%, 11/01/54 | &nbsp;&nbsp; 4220 | 3977210 |
| 5.80%, 11/01/30 | &nbsp;&nbsp; 2650 | 2808738 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 2035 | 1929769 |
| 6.00%, 06/15/35 | &nbsp;&nbsp; 1429 | 1522106 |
| 6.05%, 09/01/33 | &nbsp;&nbsp; 7415 | 7963361 |
| 6.10%, 11/15/32 | &nbsp;&nbsp; 2645 | 2855217 |
| 6.25%, 10/15/55 | &nbsp;&nbsp; 5900 | 5966542 |
| 6.35%, 01/15/31 | &nbsp;&nbsp; 2950 | 3194841 |
| 6.63%, 09/01/53 | &nbsp;&nbsp; 5645 | 5984749 |
| 7.15%, 01/15/51 | &nbsp;&nbsp; 1950 | 2192287 |
| Plains All American Pipeline LP, 5.95%, <br> 06/15/35<br>| &nbsp;&nbsp; 3895 | 4111705 |
| Plains All American Pipeline LP/PAA <br> Finance Corp.<br>|  |  |
| 3.55%, 12/15/29 | &nbsp;&nbsp; 4223 | 4138812 |
| 3.80%, 09/15/30 | &nbsp;&nbsp; 3844 | 3772983 |
| 4.30%, 01/31/43 | &nbsp;&nbsp; 1997 | 1679686 |
| 4.70%, 01/15/31 | &nbsp;&nbsp; 2740 | 2782235 |
| 4.70%, 06/15/44 | &nbsp;&nbsp; 3290 | 2869977 |
| 4.90%, 02/15/45 | &nbsp;&nbsp; 3306 | 2951248 |
| 5.15%, 06/01/42 | &nbsp;&nbsp; 2774 | 2592374 |
| 5.60%, 01/15/36<sup>(c)</sup> | &nbsp;&nbsp; 2830 | 2903884 |
| 5.70%, 09/15/34 | &nbsp;&nbsp; 3400 | 3548830 |
| 6.65%, 01/15/37 | &nbsp;&nbsp; 4027 | 4451525 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Sabine Pass Liquefaction LLC |  |  |
| 4.20%, 03/15/28 | &nbsp;&nbsp; $8139 | $8169584 |
| 4.50%, 05/15/30 | &nbsp;&nbsp; 4877 | 4930547 |
| 5.00%, 03/15/27 | &nbsp;&nbsp; 8898 | 8939424 |
| 5.90%, 09/15/37 | &nbsp;&nbsp; 2858 | 3047514 |
| South Bow USA Infrastructure Holdings LLC |  |  |
| 4.91%, 09/01/27 | &nbsp;&nbsp; 3170 | 3202894 |
| 5.03%, 10/01/29 | &nbsp;&nbsp; 1590 | 1625007 |
| 5.58%, 10/01/34 | &nbsp;&nbsp; 5690 | 5797145 |
| 6.18%, 10/01/54 | &nbsp;&nbsp; 3180 | 3113910 |
| Spectra Energy Partners LP |  |  |
| 4.50%, 03/15/45 | &nbsp;&nbsp; 5422 | 4695539 |
| 5.95%, 09/25/43 | &nbsp;&nbsp; 2271 | 2347157 |
| Targa Resources Corp. |  |  |
| 4.20%, 02/01/33 | &nbsp;&nbsp; 4345 | 4221594 |
| 4.35%, 01/15/29 | &nbsp;&nbsp; 2325 | 2342530 |
| 4.35%, 04/15/31 | &nbsp;&nbsp; 1310 | 1309920 |
| 4.90%, 09/15/30 | &nbsp;&nbsp; 3545 | 3637911 |
| 4.95%, 04/15/52 | &nbsp;&nbsp; 4050 | 3496745 |
| 5.20%, 07/01/27 | &nbsp;&nbsp; 5055 | 5135771 |
| 5.40%, 07/30/36 | &nbsp;&nbsp; 3190 | 3248768 |
| 5.50%, 02/15/35 | &nbsp;&nbsp; 2625 | 2715846 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 4390 | 4549688 |
| 5.65%, 02/15/36 | &nbsp;&nbsp; 3685 | 3832681 |
| 6.05%, 05/15/56 | &nbsp;&nbsp; 855 | 852949 |
| 6.13%, 03/15/33 | &nbsp;&nbsp; 3260 | 3526534 |
| 6.13%, 05/15/55 | &nbsp;&nbsp; 3315 | 3352124 |
| 6.15%, 03/01/29 | &nbsp;&nbsp; 3025 | 3198916 |
| 6.25%, 07/01/52 | &nbsp;&nbsp; 2612 | 2673596 |
| 6.50%, 03/30/34 | &nbsp;&nbsp; 4340 | 4805150 |
| 6.50%, 02/15/53 | &nbsp;&nbsp; 4415 | 4683386 |
| Targa Resources Partners LP/Targa <br> Resources Partners Finance Corp.<br>|  |  |
| 4.00%, 01/15/32 | &nbsp;&nbsp; 5575 | 5413667 |
| 4.88%, 02/01/31 | &nbsp;&nbsp; 8020 | 8120403 |
| 5.00%, 01/15/28 | &nbsp;&nbsp; 6230 | 6232042 |
| 5.50%, 03/01/30 | &nbsp;&nbsp; 6490 | 6602857 |
| TC PipeLines LP, 3.90%, 05/25/27 | &nbsp;&nbsp; 5655 | 5644899 |
| Tennessee Gas Pipeline Co. LLC |  |  |
| 7.00%, 03/15/27 | &nbsp;&nbsp; 2793 | 2881510 |
| 7.00%, 10/15/28 | &nbsp;&nbsp; 2030 | 2183218 |
| 7.63%, 04/01/37 | &nbsp;&nbsp; 830 | 999952 |
| Texas Eastern Transmission LP, 7.00%, <br> 07/15/32<br>| &nbsp;&nbsp; 1532 | 1742325 |
| TransCanada PipeLines Ltd. |  |  |
| 4.10%, 04/15/30 | &nbsp;&nbsp; 3285 | 3279622 |
| 4.25%, 05/15/28 | &nbsp;&nbsp; 7949 | 7992598 |
| 4.63%, 03/01/34 | &nbsp;&nbsp; 5494 | 5457369 |
| 4.88%, 05/15/48 | &nbsp;&nbsp; 260 | 232147 |
| 5.00%, 10/16/43 | &nbsp;&nbsp; 170 | 163289 |
| 5.10%, 03/15/49 | &nbsp;&nbsp; 3593 | 3427793 |
| 5.60%, 03/31/34 | &nbsp;&nbsp; 1900 | 2014634 |
| 5.85%, 03/15/36 | &nbsp;&nbsp; 2793 | 2977722 |
| 6.10%, 06/01/40 | &nbsp;&nbsp; 3291 | 3546687 |
| 6.20%, 10/15/37 | &nbsp;&nbsp; 5358 | 5829835 |
| 7.00%, 06/01/65, (5-year CMT + 2.61%)<sup>(a)</sup> | &nbsp;&nbsp; 450 | 468099 |
| 7.25%, 08/15/38 | &nbsp;&nbsp; 3696 | 4341060 |
| 7.63%, 01/15/39 | &nbsp;&nbsp; 4869 | 5912542 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| 3.25%, 05/15/30 | &nbsp;&nbsp; 3944 | 3816424 |
| 3.95%, 05/15/50 | &nbsp;&nbsp; 2610 | 2056256 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 4.00%, 03/15/28 | &nbsp;&nbsp; $2459 | $2461988 |
| 4.45%, 08/01/42 | &nbsp;&nbsp; 1843 | 1652888 |
| 4.60%, 03/15/48 | &nbsp;&nbsp; 2915 | 2552819 |
| 5.10%, 03/15/36<sup>(b)</sup> | &nbsp;&nbsp; 2760 | 2809982 |
| 5.40%, 08/15/41 | &nbsp;&nbsp; 2067 | 2063457 |
| 5.75%, 03/15/56<sup>(b)</sup> | &nbsp;&nbsp; 990 | 995653 |
| Valero Energy Partners LP, 4.50%, 03/15/28 | &nbsp;&nbsp; 3385 | 3416186 |
| Western Midstream Operating LP |  |  |
| 4.05%, 02/01/30 | &nbsp;&nbsp; 6405 | 6326293 |
| 4.50%, 03/01/28 | &nbsp;&nbsp; 1814 | 1827679 |
| 4.75%, 08/15/28 | &nbsp;&nbsp; 1305 | 1323913 |
| 4.80%, 03/01/31 | &nbsp;&nbsp; 2210 | 2229244 |
| 5.25%, 02/01/50 | &nbsp;&nbsp; 5300 | 4604128 |
| 5.30%, 03/01/48 | &nbsp;&nbsp; 3175 | 2802604 |
| 5.45%, 11/15/34 | &nbsp;&nbsp; 3970 | 4036740 |
| 5.45%, 04/01/44 | &nbsp;&nbsp; 2045 | 1886512 |
| 5.50%, 12/15/35 | &nbsp;&nbsp; 1245 | 1256051 |
| 5.50%, 08/15/48 | &nbsp;&nbsp; 2765 | 2498246 |
| 6.15%, 04/01/33 | &nbsp;&nbsp; 3730 | 3988025 |
| 6.35%, 01/15/29 | &nbsp;&nbsp; 2160 | 2281748 |
| Williams Companies, Inc.(The) |  |  |
| 2.60%, 03/15/31 | &nbsp;&nbsp; 7632 | 7057841 |
| 3.50%, 11/15/30 | &nbsp;&nbsp; 4134 | 4005457 |
| 3.50%, 10/15/51 | &nbsp;&nbsp; 3345 | 2362570 |
| 3.75%, 06/15/27 | &nbsp;&nbsp; 7659 | 7641812 |
| 4.63%, 06/30/30 | &nbsp;&nbsp; 3170 | 3225546 |
| 4.65%, 08/15/32 | &nbsp;&nbsp; 4715 | 4771698 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 1705 | 1746147 |
| 4.85%, 03/01/48 | &nbsp;&nbsp; 4231 | 3753822 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 5030 | 5158801 |
| 4.90%, 01/15/45 | &nbsp;&nbsp; 2476 | 2262457 |
| 5.10%, 09/15/45 | &nbsp;&nbsp; 5158 | 4823355 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 6555 | 6717625 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 5240 | 5298202 |
| 5.30%, 08/15/28 | &nbsp;&nbsp; 5275 | 5445052 |
| 5.30%, 09/30/35 | &nbsp;&nbsp; 3600 | 3695474 |
| 5.30%, 08/15/52 | &nbsp;&nbsp; 3615 | 3371648 |
| 5.40%, 03/04/44 | &nbsp;&nbsp; 2536 | 2464653 |
| 5.60%, 03/15/35 | &nbsp;&nbsp; 3305 | 3471927 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 5390 | 5701347 |
| 5.75%, 06/24/44 | &nbsp;&nbsp; 3201 | 3244261 |
| 5.80%, 11/15/43 | &nbsp;&nbsp; 1980 | 1996610 |
| 5.80%, 11/15/54 | &nbsp;&nbsp; 1860 | 1852319 |
| 5.95%, 03/15/56 | &nbsp;&nbsp; 4500 | 4568234 |
| 6.00%, 03/15/55 | &nbsp;&nbsp; 2020 | 2071224 |
| 6.30%, 04/15/40 | &nbsp;&nbsp; 6044 | 6590474 |
| 8.75%, 03/15/32 | &nbsp;&nbsp; 1575 | 1920070 |
| Series A, 7.50%, 01/15/31 | &nbsp;&nbsp; 1730 | 1976309 |
|  |  | 1268382700 |
| **Private Equity — 0.0%** | **Private Equity — 0.0%** | **Private Equity — 0.0%** |
| Brookfield Finance, Inc., 5.81%, 03/03/55 | &nbsp;&nbsp; 1510 | 1472845 |
| Carlyle Group, Inc. (The), 5.05%, 09/19/35<sup>(c)</sup> | &nbsp;&nbsp; 2605 | 2568659 |
| KKR & Co., Inc., 5.10%, 08/07/35 | &nbsp;&nbsp; 3035 | 2994520 |
|  |  | 7036024 |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| CBRE Services, Inc. |  |  |
| 2.50%, 04/01/31 | &nbsp;&nbsp; 3253 | 2971373 |
| 4.80%, 06/15/30 | &nbsp;&nbsp; 2825 | 2879693 |
| 4.90%, 01/15/33 | &nbsp;&nbsp; 2020 | 2043722 |
| 5.50%, 04/01/29 | &nbsp;&nbsp; 2340 | 2430231 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate (continued)** | **Real Estate (continued)** | **Real Estate (continued)** |
| 5.50%, 06/15/35 | &nbsp;&nbsp; $1835 | $1898690 |
| 5.95%, 08/15/34 | &nbsp;&nbsp; 3585 | 3832311 |
| Jones Lang LaSalle, Inc., 6.88%, 12/01/28 | &nbsp;&nbsp; 1130 | 1208304 |
|  |  | 17264324 |
| **Real Estate Investment Trusts — 0.9%** | **Real Estate Investment Trusts — 0.9%** | **Real Estate Investment Trusts — 0.9%** |
| Agree LP |  |  |
| 2.00%, 06/15/28 | &nbsp;&nbsp; 2570 | 2464532 |
| 2.60%, 06/15/33 | &nbsp;&nbsp; 1751 | 1526515 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 1974 | 1866705 |
| 4.80%, 10/01/32 | &nbsp;&nbsp; 795 | 807501 |
| 5.60%, 06/15/35 | &nbsp;&nbsp; 1410 | 1487522 |
| 5.63%, 06/15/34 | &nbsp;&nbsp; 730 | 770930 |
| Alexandria Real Estate Equities, Inc. |  |  |
| 1.88%, 02/01/33 | &nbsp;&nbsp; 4730 | 3929636 |
| 2.00%, 05/18/32 | &nbsp;&nbsp; 4556 | 3910505 |
| 2.75%, 12/15/29 | &nbsp;&nbsp; 2317 | 2199363 |
| 2.95%, 03/15/34 | &nbsp;&nbsp; 3670 | 3193502 |
| 3.38%, 08/15/31 | &nbsp;&nbsp; 3325 | 3131506 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 2150 | 1543021 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 2947 | 2940638 |
| 4.00%, 02/01/50 | &nbsp;&nbsp; 3322 | 2554597 |
| 4.50%, 07/30/29 | &nbsp;&nbsp; 1791 | 1805630 |
| 4.70%, 07/01/30 | &nbsp;&nbsp; 2452 | 2487412 |
| 4.75%, 04/15/35 | &nbsp;&nbsp; 2490 | 2425594 |
| 4.85%, 04/15/49 | &nbsp;&nbsp; 1663 | 1453672 |
| 4.90%, 12/15/30 | &nbsp;&nbsp; 3395 | 3466109 |
| 5.15%, 04/15/53 | &nbsp;&nbsp; 2295 | 2075785 |
| 5.25%, 03/15/36 | &nbsp;&nbsp; 3325 | 3324070 |
| 5.25%, 05/15/36 | &nbsp;&nbsp; 1300 | 1306772 |
| 5.50%, 10/01/35 | &nbsp;&nbsp; 2370 | 2433672 |
| 5.63%, 05/15/54 | &nbsp;&nbsp; 2880 | 2785777 |
| American Assets Trust LP |  |  |
| 3.38%, 02/01/31 | &nbsp;&nbsp; 2410 | 2217805 |
| 6.15%, 10/01/34 | &nbsp;&nbsp; 1380 | 1411135 |
| American Homes 4 Rent LP |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 1450 | 1305660 |
| 3.38%, 07/15/51 | &nbsp;&nbsp; 2285 | 1536558 |
| 3.63%, 04/15/32 | &nbsp;&nbsp; 925 | 877717 |
| 4.25%, 02/15/28 | &nbsp;&nbsp; 3030 | 3036129 |
| 4.30%, 04/15/52 | &nbsp;&nbsp; 1170 | 922233 |
| 4.90%, 02/15/29 | &nbsp;&nbsp; 2136 | 2174849 |
| 4.95%, 06/15/30 | &nbsp;&nbsp; 1885 | 1921788 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 915 | 922613 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 2875 | 2964164 |
| 5.50%, 07/15/34 | &nbsp;&nbsp; 2220 | 2284405 |
| American Tower Corp. |  |  |
| 1.50%, 01/31/28 | &nbsp;&nbsp; 3293 | 3147543 |
| 1.88%, 10/15/30 | &nbsp;&nbsp; 3971 | 3582438 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 4622 | 4241047 |
| 2.30%, 09/15/31 | &nbsp;&nbsp; 5075 | 4564919 |
| 2.70%, 04/15/31 | &nbsp;&nbsp; 5097 | 4731422 |
| 2.90%, 01/15/30 | &nbsp;&nbsp; 3540 | 3381439 |
| 2.95%, 01/15/51 | &nbsp;&nbsp; 4450 | 2874607 |
| 3.10%, 06/15/50 | &nbsp;&nbsp; 4995 | 3351079 |
| 3.55%, 07/15/27 | &nbsp;&nbsp; 5191 | 5161892 |
| 3.60%, 01/15/28 | &nbsp;&nbsp; 4641 | 4607482 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 3700 | 3687690 |
| 3.70%, 10/15/49 | &nbsp;&nbsp; 3111 | 2352201 |
| 3.80%, 08/15/29 | &nbsp;&nbsp; 8193 | 8114812 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 3168 | 3156876 |
| 4.05%, 03/15/32 | &nbsp;&nbsp; 3685 | 3626607 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.70%, 12/15/32 | &nbsp;&nbsp; $1475 | $1489789 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 4215 | 4331309 |
| 5.00%, 01/31/30 | &nbsp;&nbsp; 3425 | 3526068 |
| 5.20%, 02/15/29 | &nbsp;&nbsp; 3940 | 4066073 |
| 5.25%, 07/15/28 | &nbsp;&nbsp; 4255 | 4375272 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 4030 | 4179536 |
| 5.40%, 01/31/35 | &nbsp;&nbsp; 3215 | 3341532 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 3710 | 3881354 |
| 5.50%, 03/15/28 | &nbsp;&nbsp; 4180 | 4296773 |
| 5.55%, 07/15/33 | &nbsp;&nbsp; 4511 | 4759602 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 4345 | 4613214 |
| 5.80%, 11/15/28 | &nbsp;&nbsp; 4685 | 4891883 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 3895 | 4200832 |
| Americold Realty Operating Partnership LP |  |  |
| 5.41%, 09/12/34 | &nbsp;&nbsp; 1615 | 1600852 |
| 5.60%, 05/15/32<sup>(c)</sup> | &nbsp;&nbsp; 1830 | 1871439 |
| AvalonBay Communities, Inc. |  |  |
| 1.90%, 12/01/28 | &nbsp;&nbsp; 2745 | 2610090 |
| 2.05%, 01/15/32 | &nbsp;&nbsp; 3195 | 2840707 |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 3908 | 3661411 |
| 2.45%, 01/15/31 | &nbsp;&nbsp; 3724 | 3451278 |
| 3.20%, 01/15/28 | &nbsp;&nbsp; 2453 | 2433832 |
| 3.30%, 06/01/29 | &nbsp;&nbsp; 2048 | 2009854 |
| 3.35%, 05/15/27<sup>(c)</sup> | &nbsp;&nbsp; 2607 | 2593253 |
| 3.90%, 10/15/46 | &nbsp;&nbsp; 1325 | 1079528 |
| 4.15%, 07/01/47 | &nbsp;&nbsp; 1100 | 928447 |
| 4.35%, 12/01/30 | &nbsp;&nbsp; 1465 | 1479439 |
| 4.35%, 04/15/48 | &nbsp;&nbsp; 2455 | 2122935 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 1420 | 1470074 |
| 5.00%, 08/01/35 | &nbsp;&nbsp; 1025 | 1047354 |
| 5.30%, 12/07/33<sup>(c)</sup> | &nbsp;&nbsp; 2205 | 2321132 |
| 5.35%, 06/01/34 | &nbsp;&nbsp; 825 | 866855 |
| Boston Properties LP |  |  |
| 2.45%, 10/01/33 | &nbsp;&nbsp; 5495 | 4546817 |
| 2.55%, 04/01/32 | &nbsp;&nbsp; 4715 | 4142641 |
| 2.90%, 03/15/30 | &nbsp;&nbsp; 3652 | 3446643 |
| 3.25%, 01/30/31 | &nbsp;&nbsp; 5881 | 5538731 |
| 3.40%, 06/21/29 | &nbsp;&nbsp; 3770 | 3672280 |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 5467 | 5512917 |
| 5.75%, 01/15/35 | &nbsp;&nbsp; 3830 | 3902838 |
| 6.50%, 01/15/34 | &nbsp;&nbsp; 2465 | 2640713 |
| 6.75%, 12/01/27 | &nbsp;&nbsp; 3375 | 3522051 |
| Brixmor Operating Partnership LP |  |  |
| 2.25%, 04/01/28 | &nbsp;&nbsp; 1448 | 1398322 |
| 2.50%, 08/16/31 | &nbsp;&nbsp; 2765 | 2511384 |
| 3.90%, 03/15/27 | &nbsp;&nbsp; 1696 | 1693859 |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 3852 | 3817527 |
| 4.13%, 05/15/29 | &nbsp;&nbsp; 3094 | 3098226 |
| 4.85%, 02/15/33 | &nbsp;&nbsp; 1485 | 1497760 |
| 5.20%, 04/01/32 | &nbsp;&nbsp; 280 | 289234 |
| 5.50%, 02/15/34 | &nbsp;&nbsp; 1865 | 1940077 |
| 5.75%, 02/15/35 | &nbsp;&nbsp; 763 | 807242 |
| Broadstone Net Lease LLC |  |  |
| 2.60%, 09/15/31 | &nbsp;&nbsp; 2202 | 1974849 |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 1300 | 1313795 |
| Camden Property Trust |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 3900 | 3706829 |
| 3.15%, 07/01/29 | &nbsp;&nbsp; 3962 | 3855890 |
| 3.35%, 11/01/49 | &nbsp;&nbsp; 2380 | 1710690 |
| 4.10%, 10/15/28 | &nbsp;&nbsp; 2567 | 2581196 |
| 4.90%, 01/15/34 | &nbsp;&nbsp; 1290 | 1317119 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.90%, 02/28/36 | &nbsp;&nbsp; $1775 | $1775455 |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/29 | &nbsp;&nbsp; 2279 | 2151653 |
| 2.75%, 04/15/31 | &nbsp;&nbsp; 2845 | 2627162 |
| 2.90%, 12/01/33 | &nbsp;&nbsp; 1850 | 1605608 |
| 4.50%, 10/15/30 | &nbsp;&nbsp; 1930 | 1938536 |
| Cousins Properties LP |  |  |
| 4.88%, 03/01/33 | &nbsp;&nbsp; 1445 | 1432210 |
| 5.25%, 07/15/30 | &nbsp;&nbsp; 1585 | 1638430 |
| 5.38%, 02/15/32 | &nbsp;&nbsp; 840 | 867468 |
| 5.88%, 10/01/34 | &nbsp;&nbsp; 2415 | 2529986 |
| Crown Castle, Inc. |  |  |
| 2.10%, 04/01/31 | &nbsp;&nbsp; 7197 | 6420185 |
| 2.25%, 01/15/31 | &nbsp;&nbsp; 5067 | 4580502 |
| 2.50%, 07/15/31 | &nbsp;&nbsp; 2695 | 2436409 |
| 2.90%, 03/15/27 | &nbsp;&nbsp; 4570 | 4519441 |
| 2.90%, 04/01/41 | &nbsp;&nbsp; 5920 | 4403244 |
| 3.10%, 11/15/29 | &nbsp;&nbsp; 2713 | 2604658 |
| 3.25%, 01/15/51 | &nbsp;&nbsp; 5065 | 3410831 |
| 3.30%, 07/01/30 | &nbsp;&nbsp; 4605 | 4408896 |
| 3.65%, 09/01/27 | &nbsp;&nbsp; 6505 | 6475563 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 5786 | 5762486 |
| 4.00%, 03/01/27 | &nbsp;&nbsp; 3115 | 3114054 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 2063 | 1587935 |
| 4.15%, 07/01/50 | &nbsp;&nbsp; 2420 | 1921120 |
| 4.30%, 02/15/29 | &nbsp;&nbsp; 3965 | 3981885 |
| 4.75%, 05/15/47 | &nbsp;&nbsp; 2218 | 1947598 |
| 4.80%, 09/01/28 | &nbsp;&nbsp; 4090 | 4158172 |
| 4.90%, 09/01/29 | &nbsp;&nbsp; 3710 | 3782191 |
| 5.00%, 01/11/28 | &nbsp;&nbsp; 6410 | 6517658 |
| 5.10%, 05/01/33 | &nbsp;&nbsp; 4295 | 4379394 |
| 5.20%, 09/01/34 | &nbsp;&nbsp; 4730 | 4834960 |
| 5.20%, 02/15/49 | &nbsp;&nbsp; 2468 | 2261844 |
| 5.60%, 06/01/29 | &nbsp;&nbsp; 4155 | 4328436 |
| 5.80%, 03/01/34 | &nbsp;&nbsp; 4120 | 4367279 |
| CubeSmart LP |  |  |
| 2.00%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp; 2215 | 1981558 |
| 2.25%, 12/15/28 | &nbsp;&nbsp; 2552 | 2432683 |
| 2.50%, 02/15/32 | &nbsp;&nbsp; 2435 | 2185647 |
| 3.00%, 02/15/30 | &nbsp;&nbsp; 1940 | 1858633 |
| 4.38%, 02/15/29 | &nbsp;&nbsp; 1956 | 1971967 |
| 5.13%, 11/01/35 | &nbsp;&nbsp; 840 | 854981 |
| Digital Realty Trust LP |  |  |
| 3.60%, 07/01/29 | &nbsp;&nbsp; 4884 | 4820869 |
| 3.70%, 08/15/27 | &nbsp;&nbsp; 4615 | 4597970 |
| 4.45%, 07/15/28 | &nbsp;&nbsp; 2955 | 2984152 |
| 5.55%, 01/15/28 | &nbsp;&nbsp; 5082 | 5226821 |
| DOC DR LLC |  |  |
| 2.63%, 11/01/31 | &nbsp;&nbsp; 3543 | 3219192 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 2533 | 2530105 |
| 4.30%, 03/15/27 | &nbsp;&nbsp; 1606 | 1609516 |
| EPR Properties |  |  |
| 3.60%, 11/15/31 | &nbsp;&nbsp; 75 | 70432 |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 1900 | 1853158 |
| 4.50%, 06/01/27 | &nbsp;&nbsp; 1500 | 1501651 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 1325 | 1327844 |
| 4.95%, 04/15/28 | &nbsp;&nbsp; 1000 | 1011500 |
| Equinix Asia Financing Corp. Pte Ltd., 4.40%, <br> 03/15/31<br>| &nbsp;&nbsp; 3820 | 3816925 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| 4.60%, 11/15/30 | &nbsp;&nbsp; 3840 | 3882098 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.70%, 03/15/33 | &nbsp;&nbsp; $4975 | $4993903 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 2700 | 2818229 |
| Equinix, Inc. |  |  |
| 1.55%, 03/15/28 | &nbsp;&nbsp; 2798 | 2666449 |
| 1.80%, 07/15/27 | &nbsp;&nbsp; 3523 | 3422004 |
| 2.00%, 05/15/28 | &nbsp;&nbsp; 2968 | 2843832 |
| 2.15%, 07/15/30 | &nbsp;&nbsp; 3910 | 3576923 |
| 2.50%, 05/15/31 | &nbsp;&nbsp; 4055 | 3699005 |
| 2.95%, 09/15/51 | &nbsp;&nbsp; 3325 | 2109443 |
| 3.00%, 07/15/50 | &nbsp;&nbsp; 3009 | 1946701 |
| 3.20%, 11/18/29 | &nbsp;&nbsp; 6797 | 6567938 |
| 3.40%, 02/15/52 | &nbsp;&nbsp; 2805 | 1940051 |
| 3.90%, 04/15/32 | &nbsp;&nbsp; 4990 | 4831232 |
| ERP Operating LP |  |  |
| 1.85%, 08/01/31 | &nbsp;&nbsp; 1835 | 1636947 |
| 2.50%, 02/15/30 | &nbsp;&nbsp; 3648 | 3454615 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 3193 | 3103102 |
| 3.25%, 08/01/27 | &nbsp;&nbsp; 2679 | 2659407 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 3133 | 3111953 |
| 4.00%, 08/01/47 | &nbsp;&nbsp; 1501 | 1233945 |
| 4.15%, 12/01/28 | &nbsp;&nbsp; 2605 | 2622434 |
| 4.50%, 07/01/44 | &nbsp;&nbsp; 1860 | 1692900 |
| 4.50%, 06/01/45 | &nbsp;&nbsp; 2450 | 2173453 |
| 4.65%, 09/15/34 | &nbsp;&nbsp; 1410 | 1411271 |
| 4.95%, 06/15/32 | &nbsp;&nbsp; 2995 | 3090243 |
| Essential Properties LP |  |  |
| 2.95%, 07/15/31 | &nbsp;&nbsp; 2267 | 2090349 |
| 5.40%, 12/01/35 | &nbsp;&nbsp; 1390 | 1414314 |
| Essex Portfolio LP |  |  |
| 1.65%, 01/15/31 | &nbsp;&nbsp; 2080 | 1835493 |
| 1.70%, 03/01/28 | &nbsp;&nbsp; 2125 | 2034974 |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 1600 | 1463890 |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 3038 | 2738476 |
| 2.65%, 09/01/50 | &nbsp;&nbsp; 1370 | 830418 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 3380 | 3238081 |
| 3.63%, 05/01/27 | &nbsp;&nbsp; 2120 | 2114823 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 3286 | 3279302 |
| 4.50%, 03/15/48 | &nbsp;&nbsp; 2155 | 1847702 |
| 4.88%, 02/15/36 | &nbsp;&nbsp; 1450 | 1433728 |
| 5.38%, 04/01/35 | &nbsp;&nbsp; 995 | 1026618 |
| 5.50%, 04/01/34 | &nbsp;&nbsp; 2030 | 2111673 |
| Extra Space Storage LP |  |  |
| 2.20%, 10/15/30 | &nbsp;&nbsp; 2746 | 2509840 |
| 2.35%, 03/15/32 | &nbsp;&nbsp; 2270 | 2004270 |
| 2.40%, 10/15/31 | &nbsp;&nbsp; 3400 | 3047121 |
| 2.55%, 06/01/31 | &nbsp;&nbsp; 3705 | 3385875 |
| 3.88%, 12/15/27 | &nbsp;&nbsp; 3701 | 3697372 |
| 3.90%, 04/01/29 | &nbsp;&nbsp; 1240 | 1233071 |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 2503 | 2495591 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 805 | 816615 |
| 5.35%, 01/15/35 | &nbsp;&nbsp; 1300 | 1338054 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 2985 | 3077536 |
| 5.40%, 06/15/35 | &nbsp;&nbsp; 2230 | 2302324 |
| 5.50%, 07/01/30 | &nbsp;&nbsp; 3980 | 4161360 |
| 5.70%, 04/01/28 | &nbsp;&nbsp; 2955 | 3050673 |
| 5.90%, 01/15/31 | &nbsp;&nbsp; 1330 | 1416016 |
| Federal Realty OP LP |  |  |
| 3.20%, 06/15/29 | &nbsp;&nbsp; 2493 | 2426027 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 2719 | 2693648 |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 1001 | 972592 |
| 4.50%, 12/01/44 | &nbsp;&nbsp; 2146 | 1902649 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 5.38%, 05/01/28 | &nbsp;&nbsp; $1995 | $2049619 |
| First Industrial LP, 5.25%, 01/15/31 | &nbsp;&nbsp; 1580 | 1625119 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 3.25%, 01/15/32 | &nbsp;&nbsp; 3975 | 3629007 |
| 4.00%, 01/15/30 | &nbsp;&nbsp; 4048 | 3951442 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 4062 | 3913019 |
| 5.25%, 02/15/33 | &nbsp;&nbsp; 2595 | 2624450 |
| 5.30%, 01/15/29 | &nbsp;&nbsp; 4820 | 4918820 |
| 5.63%, 09/15/34 | &nbsp;&nbsp; 3740 | 3805279 |
| 5.63%, 03/01/36 | &nbsp;&nbsp; 1675 | 1675059 |
| 5.75%, 06/01/28 | &nbsp;&nbsp; 3789 | 3884601 |
| 5.75%, 11/01/37 | &nbsp;&nbsp; 2065 | 2054665 |
| 6.25%, 09/15/54<sup>(c)</sup> | &nbsp;&nbsp; 2905 | 2901593 |
| 6.75%, 12/01/33 | &nbsp;&nbsp; 1950 | 2110536 |
| Healthcare Realty Holdings LP |  |  |
| 2.00%, 03/15/31 | &nbsp;&nbsp; 2773 | 2458752 |
| 3.10%, 02/15/30 | &nbsp;&nbsp; 2620 | 2508213 |
| 3.75%, 07/01/27 | &nbsp;&nbsp; 2943 | 2932509 |
| Healthpeak OP LLC |  |  |
| 2.13%, 12/01/28 | &nbsp;&nbsp; 3215 | 3057292 |
| 2.88%, 01/15/31 | &nbsp;&nbsp; 2513 | 2353646 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 4349 | 4160212 |
| 3.50%, 07/15/29 | &nbsp;&nbsp; 2886 | 2829530 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 1200 | 1205027 |
| 5.25%, 12/15/32 | &nbsp;&nbsp; 3385 | 3496002 |
| 5.38%, 02/15/35 | &nbsp;&nbsp; 960 | 989139 |
| 6.75%, 02/01/41 | &nbsp;&nbsp; 2000 | 2224427 |
| Highwoods Realty LP |  |  |
| 2.60%, 02/01/31 | &nbsp;&nbsp; 841 | 756573 |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 1802 | 1697170 |
| 3.88%, 03/01/27 | &nbsp;&nbsp; 1470 | 1463479 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 1608 | 1597893 |
| 4.20%, 04/15/29 | &nbsp;&nbsp; 1610 | 1593432 |
| 5.35%, 01/15/33 | &nbsp;&nbsp; 650 | 652598 |
| 7.65%, 02/01/34 | &nbsp;&nbsp; 535 | 609577 |
| Host Hotels & Resorts LP |  |  |
| 4.25%, 12/15/28 | &nbsp;&nbsp; 690 | 693092 |
| 5.50%, 04/15/35 | &nbsp;&nbsp; 2715 | 2770732 |
| 5.70%, 06/15/32 | &nbsp;&nbsp; 1540 | 1622085 |
| 5.70%, 07/01/34 | &nbsp;&nbsp; 2575 | 2679442 |
| Series H, 3.38%, 12/15/29 | &nbsp;&nbsp; 3569 | 3457316 |
| Series I, 3.50%, 09/15/30 | &nbsp;&nbsp; 2840 | 2723518 |
| Series J, 2.90%, 12/15/31 | &nbsp;&nbsp; 2305 | 2105540 |
| Invitation Homes Operating Partnership LP |  |  |
| 2.00%, 08/15/31 | &nbsp;&nbsp; 2943 | 2593284 |
| 2.30%, 11/15/28 | &nbsp;&nbsp; 3160 | 3006268 |
| 2.70%, 01/15/34 | &nbsp;&nbsp; 2310 | 1983674 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 2660 | 2589509 |
| 4.88%, 02/01/35 | &nbsp;&nbsp; 1265 | 1253232 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 1965 | 1979120 |
| 5.45%, 08/15/30 | &nbsp;&nbsp; 2335 | 2432769 |
| 5.50%, 08/15/33 | &nbsp;&nbsp; 2230 | 2303584 |
| Kilroy Realty LP |  |  |
| 2.50%, 11/15/32 | &nbsp;&nbsp; 3433 | 2881859 |
| 2.65%, 11/15/33 | &nbsp;&nbsp; 3295 | 2692959 |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 3134 | 2913129 |
| 4.25%, 08/15/29 | &nbsp;&nbsp; 2563 | 2518008 |
| 4.75%, 12/15/28 | &nbsp;&nbsp; 2804 | 2817589 |
| 5.88%, 10/15/35 | &nbsp;&nbsp; 330 | 325274 |
| 6.25%, 01/15/36 | &nbsp;&nbsp; 1270 | 1295253 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Kimco Realty OP LLC |  |  |
| 1.90%, 03/01/28 | &nbsp;&nbsp; $1983 | $1910993 |
| 2.25%, 12/01/31 | &nbsp;&nbsp; 1376 | 1238629 |
| 2.70%, 10/01/30 | &nbsp;&nbsp; 1945 | 1844111 |
| 3.20%, 04/01/32 | &nbsp;&nbsp; 586 | 550663 |
| 3.70%, 10/01/49 | &nbsp;&nbsp; 1377 | 1054244 |
| 3.80%, 04/01/27 | &nbsp;&nbsp; 3159 | 3159380 |
| 4.13%, 12/01/46 | &nbsp;&nbsp; 1671 | 1416590 |
| 4.25%, 04/01/45 | &nbsp;&nbsp; 2017 | 1737267 |
| 4.45%, 09/01/47 | &nbsp;&nbsp; 2525 | 2198451 |
| 4.60%, 02/01/33 | &nbsp;&nbsp; 3135 | 3163488 |
| 4.85%, 03/01/35 | &nbsp;&nbsp; 1550 | 1565580 |
| 5.30%, 02/01/36<sup>(c)</sup> | &nbsp;&nbsp; 1965 | 2039997 |
| 6.40%, 03/01/34 | &nbsp;&nbsp; 2712 | 3017909 |
| Kite Realty Group LP |  |  |
| 4.95%, 12/15/31 | &nbsp;&nbsp; 1360 | 1389350 |
| 5.20%, 08/15/32 | &nbsp;&nbsp; 650 | 668542 |
| 5.50%, 03/01/34 | &nbsp;&nbsp; 350 | 364549 |
| Kite Realty Group Trust, 4.75%, 09/15/30 | &nbsp;&nbsp; 2425 | 2475004 |
| Ladder Capital Finance Holdings LLLP/Ladder <br> Capital Finance Corp., 5.50%, 08/01/30<sup>(c)</sup><br>| &nbsp;&nbsp; 380 | 389958 |
| Lineage OP LP, 5.25%, 07/15/30 | &nbsp;&nbsp; 555 | 565926 |
| LXP Industrial Trust |  |  |
| 2.38%, 10/01/31 | &nbsp;&nbsp; 685 | 607753 |
| 2.70%, 09/15/30 | &nbsp;&nbsp; 1118 | 1036820 |
| Mid-America Apartments LP |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 2996 | 2661973 |
| 2.75%, 03/15/30 | &nbsp;&nbsp; 1795 | 1712663 |
| 2.88%, 09/15/51 | &nbsp;&nbsp; 1670 | 1077608 |
| 3.60%, 06/01/27 | &nbsp;&nbsp; 3730 | 3719234 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 3540 | 3541318 |
| 4.20%, 06/15/28 | &nbsp;&nbsp; 2163 | 2177066 |
| 4.65%, 01/15/33 | &nbsp;&nbsp; 1750 | 1760216 |
| 4.95%, 03/01/35 | &nbsp;&nbsp; 660 | 669991 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 1100 | 1119260 |
| 5.30%, 02/15/32 | &nbsp;&nbsp; 1555 | 1634735 |
| National Health Investors, Inc. |  |  |
| 3.00%, 02/01/31 | &nbsp;&nbsp; 2328 | 2135732 |
| 5.35%, 02/01/33 | &nbsp;&nbsp; 980 | 992150 |
| NNN REIT, Inc. |  |  |
| 2.50%, 04/15/30 | &nbsp;&nbsp; 2577 | 2415282 |
| 3.00%, 04/15/52 | &nbsp;&nbsp; 2148 | 1378943 |
| 3.10%, 04/15/50 | &nbsp;&nbsp; 1972 | 1314438 |
| 3.50%, 10/15/27 | &nbsp;&nbsp; 2540 | 2524872 |
| 3.50%, 04/15/51 | &nbsp;&nbsp; 2427 | 1753736 |
| 4.30%, 10/15/28 | &nbsp;&nbsp; 1940 | 1953221 |
| 4.60%, 02/15/31 | &nbsp;&nbsp; 1990 | 2016066 |
| 4.80%, 10/15/48 | &nbsp;&nbsp; 1475 | 1329164 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 2030 | 2123268 |
| 5.60%, 10/15/33 | &nbsp;&nbsp; 2105 | 2221713 |
| Omega Healthcare Investors, Inc. |  |  |
| 3.25%, 04/15/33<sup>(c)</sup> | &nbsp;&nbsp; 2978 | 2688312 |
| 3.38%, 02/01/31 | &nbsp;&nbsp; 3429 | 3234554 |
| 3.63%, 10/01/29 | &nbsp;&nbsp; 3487 | 3397253 |
| 4.50%, 04/01/27 | &nbsp;&nbsp; 3570 | 3576174 |
| 4.75%, 01/15/28 | &nbsp;&nbsp; 3262 | 3293587 |
| 5.20%, 07/01/30 | &nbsp;&nbsp; 1560 | 1598942 |
| Phillips Edison Grocery Center Operating <br> Partnership I LP<br>|  |  |
| 2.63%, 11/15/31 | &nbsp;&nbsp; 2480 | 2251796 |
| 4.75%, 03/15/33 | &nbsp;&nbsp; 120 | 120152 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.95%, 01/15/35 | &nbsp;&nbsp; $1030 | $1030527 |
| 5.25%, 08/15/32 | &nbsp;&nbsp; 1110 | 1146091 |
| 5.75%, 07/15/34 | &nbsp;&nbsp; 1500 | 1588039 |
| Piedmont Operating Partnership LP |  |  |
| 2.75%, 04/01/32 | &nbsp;&nbsp; 755 | 658067 |
| 3.15%, 08/15/30 | &nbsp;&nbsp; 2088 | 1937835 |
| 5.63%, 01/15/33 | &nbsp;&nbsp; 1150 | 1154976 |
| 6.88%, 07/15/29 | &nbsp;&nbsp; 200 | 212539 |
| Prologis LP |  |  |
| 1.25%, 10/15/30 | &nbsp;&nbsp; 3748 | 3314885 |
| 1.63%, 03/15/31 | &nbsp;&nbsp; 2384 | 2121128 |
| 1.75%, 07/01/30 | &nbsp;&nbsp; 1837 | 1670390 |
| 1.75%, 02/01/31 | &nbsp;&nbsp; 2945 | 2634858 |
| 2.13%, 04/15/27 | &nbsp;&nbsp; 2936 | 2883650 |
| 2.13%, 10/15/50 | &nbsp;&nbsp; 2877 | 1580370 |
| 2.25%, 04/15/30<sup>(c)</sup> | &nbsp;&nbsp; 4032 | 3775316 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 2777 | 2498735 |
| 2.88%, 11/15/29 | &nbsp;&nbsp; 2170 | 2091127 |
| 3.00%, 04/15/50 | &nbsp;&nbsp; 3563 | 2383870 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 1713 | 1159973 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 2590 | 2573308 |
| 3.88%, 09/15/28 | &nbsp;&nbsp; 2192 | 2193099 |
| 4.00%, 09/15/28 | &nbsp;&nbsp; 2331 | 2338831 |
| 4.38%, 02/01/29 | &nbsp;&nbsp; 1861 | 1885720 |
| 4.38%, 09/15/48 | &nbsp;&nbsp; 1200 | 1025057 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 3300 | 3348167 |
| 4.75%, 01/15/31 | &nbsp;&nbsp; 2785 | 2869199 |
| 4.75%, 06/15/33 | &nbsp;&nbsp; 2708 | 2757308 |
| 4.88%, 06/15/28 | &nbsp;&nbsp; 3495 | 3575911 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 3319 | 3405084 |
| 5.00%, 01/31/35 | &nbsp;&nbsp; 2920 | 2984466 |
| 5.13%, 01/15/34 | &nbsp;&nbsp; 3180 | 3293477 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 3330 | 3464487 |
| 5.25%, 06/15/53 | &nbsp;&nbsp; 4180 | 4040517 |
| 5.25%, 03/15/54 | &nbsp;&nbsp; 4075 | 3924898 |
| Public Storage Operating Co. |  |  |
| 1.85%, 05/01/28 | &nbsp;&nbsp; 3520 | 3377457 |
| 1.95%, 11/09/28 | &nbsp;&nbsp; 3020 | 2877848 |
| 2.25%, 11/09/31 | &nbsp;&nbsp; 2800 | 2533824 |
| 2.30%, 05/01/31 | &nbsp;&nbsp; 3010 | 2759933 |
| 3.09%, 09/15/27 | &nbsp;&nbsp; 2470 | 2451494 |
| 3.39%, 05/01/29 | &nbsp;&nbsp; 2726 | 2690840 |
| 4.38%, 07/01/30 | &nbsp;&nbsp; 2150 | 2183424 |
| 5.00%, 07/01/35 | &nbsp;&nbsp; 2530 | 2599243 |
| 5.10%, 08/01/33 | &nbsp;&nbsp; 1070 | 1114954 |
| 5.13%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp; 2631 | 2726272 |
| 5.35%, 08/01/53 | &nbsp;&nbsp; 4379 | 4287524 |
| Rayonier LP, 2.75%, 05/17/31 | &nbsp;&nbsp; 2672 | 2445136 |
| Realty Income Corp. |  |  |
| 1.80%, 03/15/33 | &nbsp;&nbsp; 2098 | 1767878 |
| 2.10%, 03/15/28 | &nbsp;&nbsp; 2476 | 2389254 |
| 2.20%, 06/15/28 | &nbsp;&nbsp; 2030 | 1956308 |
| 2.70%, 02/15/32 | &nbsp;&nbsp; 1735 | 1587902 |
| 2.85%, 12/15/32 | &nbsp;&nbsp; 2136 | 1943447 |
| 3.10%, 12/15/29 | &nbsp;&nbsp; 3069 | 2976854 |
| 3.20%, 02/15/31 | &nbsp;&nbsp; 1630 | 1558417 |
| 3.25%, 06/15/29 | &nbsp;&nbsp; 1922 | 1882590 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 5689 | 5457891 |
| 3.40%, 01/15/28 | &nbsp;&nbsp; 3365 | 3336229 |
| 3.40%, 01/15/30 | &nbsp;&nbsp; 2495 | 2438255 |
| 3.65%, 01/15/28 | &nbsp;&nbsp; 2949 | 2939087 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 3.95%, 08/15/27 | &nbsp;&nbsp; $3711 | $3716727 |
| 3.95%, 02/01/29 | &nbsp;&nbsp; 1830 | 1833573 |
| 4.00%, 07/15/29 | &nbsp;&nbsp; 2382 | 2384176 |
| 4.50%, 02/01/33 | &nbsp;&nbsp; 1770 | 1773543 |
| 4.65%, 03/15/47 | &nbsp;&nbsp; 3674 | 3306994 |
| 4.70%, 12/15/28 | &nbsp;&nbsp; 3050 | 3111002 |
| 4.75%, 02/15/29 | &nbsp;&nbsp; 2915 | 2981064 |
| 4.85%, 03/15/30 | &nbsp;&nbsp; 1940 | 2000162 |
| 4.90%, 07/15/33 | &nbsp;&nbsp; 3535 | 3616551 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 3055 | 3160198 |
| 5.13%, 04/15/35 | &nbsp;&nbsp; 1625 | 1670882 |
| 5.38%, 09/01/54 | &nbsp;&nbsp; 1045 | 1023848 |
| 5.63%, 10/13/32 | &nbsp;&nbsp; 3500 | 3741151 |
| Regency Centers LP |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 2320 | 2242694 |
| 3.70%, 06/15/30 | &nbsp;&nbsp; 1763 | 1740512 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 1921 | 1930923 |
| 4.40%, 02/01/47 | &nbsp;&nbsp; 1923 | 1674479 |
| 4.50%, 03/15/33 | &nbsp;&nbsp; 820 | 819854 |
| 4.65%, 03/15/49 | &nbsp;&nbsp; 1886 | 1674309 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 1460 | 1502645 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 765 | 781991 |
| 5.25%, 01/15/34 | &nbsp;&nbsp; 1060 | 1099275 |
| Rexford Industrial Realty LP |  |  |
| 2.13%, 12/01/30 | &nbsp;&nbsp; 2368 | 2144886 |
| 2.15%, 09/01/31 | &nbsp;&nbsp; 2255 | 2001508 |
| 5.00%, 06/15/28 | &nbsp;&nbsp; 1750 | 1779965 |
| Sabra Health Care LP |  |  |
| 3.20%, 12/01/31 | &nbsp;&nbsp; 4027 | 3724801 |
| 3.90%, 10/15/29 | &nbsp;&nbsp; 2488 | 2449989 |
| Safehold GL Holdings LLC |  |  |
| 2.80%, 06/15/31<sup>(c)</sup> | &nbsp;&nbsp; 2855 | 2637348 |
| 2.85%, 01/15/32<sup>(c)</sup> | &nbsp;&nbsp; 1115 | 1019606 |
| 5.65%, 01/15/35 | &nbsp;&nbsp; 1490 | 1554567 |
| 6.10%, 04/01/34<sup>(c)</sup> | &nbsp;&nbsp; 1495 | 1612171 |
| Simon Property Group LP |  |  |
| 1.75%, 02/01/28 | &nbsp;&nbsp; 3625 | 3490464 |
| 2.20%, 02/01/31 | &nbsp;&nbsp; 3614 | 3298145 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 3610 | 3228049 |
| 2.45%, 09/13/29 | &nbsp;&nbsp; 6798 | 6461123 |
| 2.65%, 07/15/30 | &nbsp;&nbsp; 3848 | 3636108 |
| 2.65%, 02/01/32 | &nbsp;&nbsp; 3325 | 3031173 |
| 3.25%, 09/13/49 | &nbsp;&nbsp; 5893 | 4139612 |
| 3.38%, 06/15/27 | &nbsp;&nbsp; 3712 | 3693793 |
| 3.38%, 12/01/27 | &nbsp;&nbsp; 4508 | 4478161 |
| 3.80%, 07/15/50 | &nbsp;&nbsp; 3445 | 2646465 |
| 4.25%, 10/01/44 | &nbsp;&nbsp; 1900 | 1632898 |
| 4.25%, 11/30/46 | &nbsp;&nbsp; 2437 | 2073371 |
| 4.30%, 01/15/31 | &nbsp;&nbsp; 1980 | 1991546 |
| 4.38%, 10/01/30 | &nbsp;&nbsp; 1830 | 1852423 |
| 4.75%, 09/26/34 | &nbsp;&nbsp; 3435 | 3454265 |
| 4.75%, 03/15/42 | &nbsp;&nbsp; 2601 | 2443496 |
| 5.13%, 10/01/35 | &nbsp;&nbsp; 3085 | 3159563 |
| 5.50%, 03/08/33 | &nbsp;&nbsp; 2950 | 3129675 |
| 5.85%, 03/08/53<sup>(c)</sup> | &nbsp;&nbsp; 3055 | 3163952 |
| 6.25%, 01/15/34 | &nbsp;&nbsp; 1535 | 1696310 |
| 6.65%, 01/15/54 | &nbsp;&nbsp; 2284 | 2588439 |
| 6.75%, 02/01/40 | &nbsp;&nbsp; 2758 | 3198493 |
| Store Capital LLC |  |  |
| 2.70%, 12/01/31 | &nbsp;&nbsp; 2090 | 1871159 |
| 2.75%, 11/18/30 | &nbsp;&nbsp; 1484 | 1364272 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.50%, 03/15/28 | &nbsp;&nbsp; $2147 | $2156034 |
| 4.63%, 03/15/29 | &nbsp;&nbsp; 2016 | 2024614 |
| 4.95%, 02/11/31<sup>(b)</sup> | &nbsp;&nbsp; 1175 | 1185733 |
| 5.40%, 04/30/30 | &nbsp;&nbsp; 1125 | 1155782 |
| Sun Communities Operating LP |  |  |
| 2.30%, 11/01/28 | &nbsp;&nbsp; 2253 | 2151969 |
| 2.70%, 07/15/31 | &nbsp;&nbsp; 3482 | 3195681 |
| 4.20%, 04/15/32 | &nbsp;&nbsp; 2510 | 2461357 |
| Tanger Properties LP |  |  |
| 2.75%, 09/01/31 | &nbsp;&nbsp; 2170 | 1985106 |
| 3.88%, 07/15/27 | &nbsp;&nbsp; 2081 | 2075787 |
| UDR, Inc. |  |  |
| 1.90%, 03/15/33 | &nbsp;&nbsp; 1685 | 1412171 |
| 2.10%, 08/01/32 | &nbsp;&nbsp; 2015 | 1755596 |
| 2.10%, 06/15/33 | &nbsp;&nbsp; 1220 | 1028741 |
| 3.00%, 08/15/31 | &nbsp;&nbsp; 2678 | 2506617 |
| 3.10%, 11/01/34 | &nbsp;&nbsp; 1623 | 1428102 |
| 3.20%, 01/15/30 | &nbsp;&nbsp; 4198 | 4071660 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 1868 | 1858190 |
| 3.50%, 01/15/28 | &nbsp;&nbsp; 2300 | 2281863 |
| 4.40%, 01/26/29 | &nbsp;&nbsp; 2045 | 2066363 |
| 5.13%, 09/01/34 | &nbsp;&nbsp; 1270 | 1298027 |
| Ventas Realty LP |  |  |
| 2.50%, 09/01/31 | &nbsp;&nbsp; 3080 | 2798425 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 3200 | 3064079 |
| 3.85%, 04/01/27 | &nbsp;&nbsp; 1880 | 1877013 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 2488 | 2487636 |
| 4.38%, 02/01/45 | &nbsp;&nbsp; 1218 | 1050067 |
| 4.40%, 01/15/29 | &nbsp;&nbsp; 3434 | 3466876 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 1355 | 1382592 |
| 4.88%, 04/15/49 | &nbsp;&nbsp; 1947 | 1742825 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 1830 | 1846409 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 1725 | 1723531 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 2980 | 3079263 |
| 5.63%, 07/01/34 | &nbsp;&nbsp; 1745 | 1836411 |
| 5.70%, 09/30/43 | &nbsp;&nbsp; 1840 | 1882882 |
| VICI Properties LP |  |  |
| 4.75%, 02/15/28 | &nbsp;&nbsp; 6515 | 6576369 |
| 4.75%, 04/01/28 | &nbsp;&nbsp; 465 | 469647 |
| 4.95%, 02/15/30 | &nbsp;&nbsp; 5120 | 5205748 |
| 5.13%, 11/15/31 | &nbsp;&nbsp; 2085 | 2121671 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 6790 | 6875489 |
| 5.63%, 04/01/35 | &nbsp;&nbsp; 3045 | 3134282 |
| 5.63%, 05/15/52 | &nbsp;&nbsp; 4133 | 3887164 |
| 5.75%, 04/01/34 | &nbsp;&nbsp; 1900 | 1975334 |
| 6.13%, 04/01/54 | &nbsp;&nbsp; 2720 | 2740943 |
| Welltower OP LLC |  |  |
| 2.05%, 01/15/29 | &nbsp;&nbsp; 2543 | 2417525 |
| 2.75%, 01/15/31 | &nbsp;&nbsp; 2301 | 2163367 |
| 2.75%, 01/15/32 | &nbsp;&nbsp; 2615 | 2411751 |
| 2.80%, 06/01/31 | &nbsp;&nbsp; 4095 | 3827956 |
| 3.10%, 01/15/30 | &nbsp;&nbsp; 3930 | 3799495 |
| 3.85%, 06/15/32 | &nbsp;&nbsp; 2260 | 2208607 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 2861 | 2876972 |
| 4.25%, 04/15/28 | &nbsp;&nbsp; 4513 | 4548158 |
| 4.50%, 07/01/30 | &nbsp;&nbsp; 3920 | 3988689 |
| 4.95%, 09/01/48 | &nbsp;&nbsp; 2505 | 2367541 |
| 5.13%, 07/01/35 | &nbsp;&nbsp; 4120 | 4244259 |
| 6.50%, 03/15/41 | &nbsp;&nbsp; 2497 | 2834505 |
| Weyerhaeuser Co. |  |  |
| 3.38%, 03/09/33 | &nbsp;&nbsp; 1360 | 1260601 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.00%, 11/15/29 | &nbsp;&nbsp; $3844 | $3826106 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 4260 | 4226831 |
| 4.00%, 03/09/52 | &nbsp;&nbsp; 2384 | 1839029 |
| 6.95%, 10/01/27 | &nbsp;&nbsp; 3089 | 3229631 |
| 7.38%, 03/15/32 | &nbsp;&nbsp; 3073 | 3524275 |
| WP Carey, Inc. |  |  |
| 2.25%, 04/01/33 | &nbsp;&nbsp; 1935 | 1649223 |
| 2.40%, 02/01/31 | &nbsp;&nbsp; 3113 | 2838854 |
| 2.45%, 02/01/32 | &nbsp;&nbsp; 2250 | 2014002 |
| 3.85%, 07/15/29 | &nbsp;&nbsp; 2671 | 2650816 |
| 4.65%, 07/15/30 | &nbsp;&nbsp; 1320 | 1338507 |
| 5.38%, 06/30/34 | &nbsp;&nbsp; 1715 | 1783020 |
|  |  | 1256521452 |
| **Retail — 0.6%** | **Retail — 0.6%** | **Retail — 0.6%** |
| AutoNation, Inc. |  |  |
| 1.95%, 08/01/28 | &nbsp;&nbsp; 1537 | 1463276 |
| 2.40%, 08/01/31 | &nbsp;&nbsp; 2440 | 2193681 |
| 3.80%, 11/15/27 | &nbsp;&nbsp; 2267 | 2258431 |
| 3.85%, 03/01/32 | &nbsp;&nbsp; 3120 | 2976545 |
| 4.45%, 01/15/29 | &nbsp;&nbsp; 1345 | 1354576 |
| 4.75%, 06/01/30 | &nbsp;&nbsp; 2378 | 2412316 |
| 5.89%, 03/15/35 | &nbsp;&nbsp; 815 | 850142 |
| AutoZone, Inc. |  |  |
| 1.65%, 01/15/31 | &nbsp;&nbsp; 2286 | 2025426 |
| 3.75%, 06/01/27 | &nbsp;&nbsp; 3789 | 3780668 |
| 3.75%, 04/18/29 | &nbsp;&nbsp; 2380 | 2361820 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 3805 | 3787992 |
| 4.50%, 02/01/28 | &nbsp;&nbsp; 2995 | 3026015 |
| 4.75%, 08/01/32 | &nbsp;&nbsp; 3670 | 3724543 |
| 4.75%, 02/01/33 | &nbsp;&nbsp; 2645 | 2676162 |
| 5.10%, 07/15/29 | &nbsp;&nbsp; 2745 | 2830365 |
| 5.13%, 06/15/30 | &nbsp;&nbsp; 1040 | 1077692 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 1315 | 1364348 |
| 5.40%, 07/15/34<sup>(c)</sup> | &nbsp;&nbsp; 2925 | 3054256 |
| 6.25%, 11/01/28 | &nbsp;&nbsp; 2605 | 2751257 |
| 6.55%, 11/01/33 | &nbsp;&nbsp; 2235 | 2497297 |
| Best Buy Co., Inc. |  |  |
| 1.95%, 10/01/30 | &nbsp;&nbsp; 3979 | 3596780 |
| 4.45%, 10/01/28 | &nbsp;&nbsp; 3514 | 3551841 |
| Costco Wholesale Corp. |  |  |
| 1.38%, 06/20/27 | &nbsp;&nbsp; 6561 | 6375635 |
| 1.60%, 04/20/30 | &nbsp;&nbsp; 8259 | 7561629 |
| 1.75%, 04/20/32 | &nbsp;&nbsp; 4640 | 4075306 |
| 3.00%, 05/18/27 | &nbsp;&nbsp; 5237 | 5203568 |
| Darden Restaurants, Inc. |  |  |
| 3.85%, 05/01/27 | &nbsp;&nbsp; 3164 | 3158412 |
| 4.35%, 10/15/27 | &nbsp;&nbsp; 2220 | 2231992 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 2900 | 2938318 |
| 4.55%, 02/15/48 | &nbsp;&nbsp; 2805 | 2357608 |
| 6.30%, 10/10/33 | &nbsp;&nbsp; 1770 | 1940735 |
| Dick's Sporting Goods, Inc. |  |  |
| 3.15%, 01/15/32 | &nbsp;&nbsp; 3830 | 3557715 |
| 4.00%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 1160 | 1147930 |
| 4.10%, 01/15/52 | &nbsp;&nbsp; 4990 | 3635340 |
| Dollar General Corp. |  |  |
| 3.50%, 04/03/30 | &nbsp;&nbsp; 3538 | 3440955 |
| 4.13%, 05/01/28 | &nbsp;&nbsp; 2477 | 2485343 |
| 4.13%, 04/03/50 | &nbsp;&nbsp; 3170 | 2507713 |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 3825 | 3923419 |
| 5.20%, 07/05/28<sup>(c)</sup> | &nbsp;&nbsp; 1885 | 1933907 |
| 5.45%, 07/05/33 | &nbsp;&nbsp; 2395 | 2510325 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 5.50%, 11/01/52<sup>(c)</sup> | &nbsp;&nbsp; $1501 | $1472088 |
| Dollar Tree, Inc. |  |  |
| 2.65%, 12/01/31 | &nbsp;&nbsp; 3885 | 3552030 |
| 3.38%, 12/01/51 | &nbsp;&nbsp; 3490 | 2355580 |
| 4.20%, 05/15/28 | &nbsp;&nbsp; 6488 | 6509945 |
| Ferguson Enterprises, Inc. |  |  |
| 4.35%, 03/15/31 | &nbsp;&nbsp; 3280 | 3289064 |
| 5.00%, 10/03/34 | &nbsp;&nbsp; 620 | 629601 |
| Genuine Parts Co. |  |  |
| 1.88%, 11/01/30 | &nbsp;&nbsp; 3380 | 2984671 |
| 2.75%, 02/01/32 | &nbsp;&nbsp; 1730 | 1532767 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 4555 | 4613818 |
| 6.50%, 11/01/28 | &nbsp;&nbsp; 2765 | 2901714 |
| 6.88%, 11/01/33<sup>(c)</sup> | &nbsp;&nbsp; 1605 | 1772192 |
| Home Depot, Inc.(The) |  |  |
| 0.90%, 03/15/28 | &nbsp;&nbsp; 2817 | 2668817 |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 7555 | 6652998 |
| 1.50%, 09/15/28 | &nbsp;&nbsp; 3250 | 3083254 |
| 1.88%, 09/15/31 | &nbsp;&nbsp; 4300 | 3838906 |
| 2.38%, 03/15/51 | &nbsp;&nbsp; 6285 | 3650608 |
| 2.50%, 04/15/27 | &nbsp;&nbsp; 3834 | 3786259 |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 7381 | 7050782 |
| 2.75%, 09/15/51 | &nbsp;&nbsp; 4710 | 2960960 |
| 2.80%, 09/14/27 | &nbsp;&nbsp; 4924 | 4865342 |
| 2.88%, 04/15/27 | &nbsp;&nbsp; 3815 | 3782062 |
| 2.95%, 06/15/29 | &nbsp;&nbsp; 6476 | 6305430 |
| 3.13%, 12/15/49 | &nbsp;&nbsp; 6954 | 4806010 |
| 3.25%, 04/15/32 | &nbsp;&nbsp; 6375 | 6082868 |
| 3.30%, 04/15/40 | &nbsp;&nbsp; 5357 | 4440311 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 7001 | 5016341 |
| 3.50%, 09/15/56 | &nbsp;&nbsp; 4895 | 3467468 |
| 3.63%, 04/15/52 | &nbsp;&nbsp; 7425 | 5509056 |
| 3.75%, 09/15/28 | &nbsp;&nbsp; 1605 | 1613024 |
| 3.90%, 12/06/28 | &nbsp;&nbsp; 6373 | 6405761 |
| 3.90%, 06/15/47 | &nbsp;&nbsp; 6001 | 4833196 |
| 3.95%, 09/15/30<sup>(c)</sup> | &nbsp;&nbsp; 1680 | 1686278 |
| 4.20%, 04/01/43 | &nbsp;&nbsp; 5224 | 4600271 |
| 4.25%, 04/01/46 | &nbsp;&nbsp; 7720 | 6636265 |
| 4.40%, 03/15/45 | &nbsp;&nbsp; 4977 | 4400051 |
| 4.50%, 09/15/32 | &nbsp;&nbsp; 2780 | 2835880 |
| 4.50%, 12/06/48 | &nbsp;&nbsp; 7443 | 6507025 |
| 4.65%, 09/15/35 | &nbsp;&nbsp; 3100 | 3098546 |
| 4.75%, 06/25/29 | &nbsp;&nbsp; 5035 | 5183804 |
| 4.85%, 06/25/31 | &nbsp;&nbsp; 5170 | 5389618 |
| 4.88%, 06/25/27 | &nbsp;&nbsp; 4590 | 4658769 |
| 4.88%, 02/15/44 | &nbsp;&nbsp; 5100 | 4838053 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 3610 | 3726007 |
| 4.95%, 06/25/34 | &nbsp;&nbsp; 7210 | 7446901 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 4330 | 3994635 |
| 5.30%, 06/25/54 | &nbsp;&nbsp; 3395 | 3295953 |
| 5.40%, 09/15/40 | &nbsp;&nbsp; 3008 | 3120876 |
| 5.40%, 06/25/64 | &nbsp;&nbsp; 2438 | 2367588 |
| 5.88%, 12/16/36 | &nbsp;&nbsp; 13720 | 14987711 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 4595 | 5007185 |
| Lowe's Companies, Inc. |  |  |
| 1.30%, 04/15/28 | &nbsp;&nbsp; 4812 | 4562244 |
| 1.70%, 09/15/28 | &nbsp;&nbsp; 4873 | 4614987 |
| 1.70%, 10/15/30 | &nbsp;&nbsp; 5373 | 4826821 |
| 2.63%, 04/01/31 | &nbsp;&nbsp; 8297 | 7694921 |
| 2.80%, 09/15/41 | &nbsp;&nbsp; 4721 | 3463855 |
| 3.00%, 10/15/50 | &nbsp;&nbsp; 8518 | 5523183 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 3.10%, 05/03/27 | &nbsp;&nbsp; $6491 | $6432375 |
| 3.35%, 04/01/27 | &nbsp;&nbsp; 3188 | 3169736 |
| 3.50%, 04/01/51 | &nbsp;&nbsp; 2347 | 1666754 |
| 3.65%, 04/05/29 | &nbsp;&nbsp; 6503 | 6447607 |
| 3.70%, 04/15/46 | &nbsp;&nbsp; 6336 | 4890662 |
| 3.75%, 04/01/32 | &nbsp;&nbsp; 6480 | 6273390 |
| 4.05%, 05/03/47 | &nbsp;&nbsp; 7109 | 5716941 |
| 4.25%, 04/01/52 | &nbsp;&nbsp; 6340 | 5071250 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 2130 | 1817160 |
| 4.45%, 04/01/62 | &nbsp;&nbsp; 4600 | 3645097 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 5504 | 5595814 |
| 4.55%, 04/05/49 | &nbsp;&nbsp; 2933 | 2505436 |
| 4.65%, 04/15/42 | &nbsp;&nbsp; 2700 | 2499808 |
| 5.00%, 04/15/33 | &nbsp;&nbsp; 4460 | 4600145 |
| 5.00%, 04/15/40 | &nbsp;&nbsp; 2066 | 2034070 |
| 5.13%, 04/15/50 | &nbsp;&nbsp; 2145 | 1969544 |
| 5.15%, 07/01/33 | &nbsp;&nbsp; 4275 | 4438584 |
| 5.50%, 10/15/35 | &nbsp;&nbsp; 2028 | 2136362 |
| 5.63%, 04/15/53 | &nbsp;&nbsp; 6755 | 6647975 |
| 5.75%, 07/01/53 | &nbsp;&nbsp; 2415 | 2419670 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 4585 | 4542639 |
| 5.85%, 04/01/63 | &nbsp;&nbsp; 3330 | 3319156 |
| 6.50%, 03/15/29 | &nbsp;&nbsp; 3635 | 3902566 |
| Lowe's Cos., Inc. |  |  |
| 3.95%, 10/15/27 | &nbsp;&nbsp; 4900 | 4915553 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 4290 | 4301321 |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 5370 | 5385994 |
| 4.50%, 10/15/32 | &nbsp;&nbsp; 4890 | 4913007 |
| 4.85%, 10/15/35 | &nbsp;&nbsp; 4615 | 4609482 |
| McDonald's Corp. |  |  |
| 2.13%, 03/01/30 | &nbsp;&nbsp; 3885 | 3626333 |
| 2.63%, 09/01/29 | &nbsp;&nbsp; 5248 | 5036970 |
| 3.50%, 03/01/27 | &nbsp;&nbsp; 4799 | 4783800 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 5008 | 4988720 |
| 3.60%, 07/01/30 | &nbsp;&nbsp; 4795 | 4738773 |
| 3.63%, 05/01/43 | &nbsp;&nbsp; 2581 | 2069460 |
| 3.63%, 09/01/49 | &nbsp;&nbsp; 8037 | 6045347 |
| 3.70%, 02/15/42 | &nbsp;&nbsp; 2436 | 2034525 |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 5406 | 5408621 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 3556 | 2929670 |
| 4.40%, 02/12/31 | &nbsp;&nbsp; 2645 | 2687662 |
| 4.45%, 03/01/47 | &nbsp;&nbsp; 5124 | 4471437 |
| 4.45%, 09/01/48 | &nbsp;&nbsp; 3710 | 3213727 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 2290 | 2345468 |
| 4.60%, 09/09/32 | &nbsp;&nbsp; 1745 | 1791050 |
| 4.60%, 05/26/45 | &nbsp;&nbsp; 2829 | 2542716 |
| 4.70%, 12/09/35 | &nbsp;&nbsp; 4121 | 4162869 |
| 4.80%, 08/14/28 | &nbsp;&nbsp; 3300 | 3375928 |
| 4.88%, 07/15/40 | &nbsp;&nbsp; 1447 | 1416687 |
| 4.88%, 12/09/45 | &nbsp;&nbsp; 8080 | 7490689 |
| 4.95%, 08/14/33 | &nbsp;&nbsp; 3055 | 3179030 |
| 4.95%, 03/03/35 | &nbsp;&nbsp; 2570 | 2633505 |
| 5.00%, 05/17/29 | &nbsp;&nbsp; 2740 | 2833096 |
| 5.00%, 02/13/36 | &nbsp;&nbsp; 3395 | 3478927 |
| 5.15%, 09/09/52 | &nbsp;&nbsp; 3355 | 3161802 |
| 5.20%, 05/17/34 | &nbsp;&nbsp; 1940 | 2036331 |
| 5.45%, 08/14/53 | &nbsp;&nbsp; 3845 | 3783860 |
| 5.70%, 02/01/39 | &nbsp;&nbsp; 1684 | 1810075 |
| 6.30%, 10/15/37 | &nbsp;&nbsp; 4068 | 4590471 |
| 6.30%, 03/01/38 | &nbsp;&nbsp; 3363 | 3771797 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| O'Reilly Automotive, Inc. |  |  |
| 1.75%, 03/15/31 | &nbsp;&nbsp; $1835 | $1629122 |
| 3.60%, 09/01/27 | &nbsp;&nbsp; 4211 | 4190324 |
| 3.90%, 06/01/29 | &nbsp;&nbsp; 2867 | 2858744 |
| 4.20%, 04/01/30 | &nbsp;&nbsp; 3026 | 3036255 |
| 4.35%, 06/01/28 | &nbsp;&nbsp; 2260 | 2280427 |
| 4.70%, 06/15/32 | &nbsp;&nbsp; 3700 | 3761508 |
| 5.00%, 08/19/34 | &nbsp;&nbsp; 2025 | 2057555 |
| Ross Stores, Inc., 1.88%, 04/15/31 | &nbsp;&nbsp; 2435 | 2171127 |
| Starbucks Corp. |  |  |
| 2.00%, 03/12/27 | &nbsp;&nbsp; 3706 | 3639619 |
| 2.25%, 03/12/30 | &nbsp;&nbsp; 3925 | 3660646 |
| 2.55%, 11/15/30 | &nbsp;&nbsp; 5716 | 5342625 |
| 3.00%, 02/14/32 | &nbsp;&nbsp; 4995 | 4663202 |
| 3.35%, 03/12/50 | &nbsp;&nbsp; 3198 | 2251772 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 3626 | 3601040 |
| 3.50%, 11/15/50 | &nbsp;&nbsp; 5155 | 3718711 |
| 3.55%, 08/15/29 | &nbsp;&nbsp; 4485 | 4435650 |
| 3.75%, 12/01/47 | &nbsp;&nbsp; 2829 | 2184585 |
| 4.00%, 11/15/28 | &nbsp;&nbsp; 4645 | 4657138 |
| 4.30%, 06/15/45 | &nbsp;&nbsp; 1971 | 1698837 |
| 4.45%, 08/15/49 | &nbsp;&nbsp; 4449 | 3792576 |
| 4.50%, 05/15/28 | &nbsp;&nbsp; 3040 | 3075053 |
| 4.50%, 11/15/48 | &nbsp;&nbsp; 5145 | 4423612 |
| 4.80%, 05/15/30<sup>(c)</sup> | &nbsp;&nbsp; 1620 | 1667836 |
| 4.80%, 02/15/33 | &nbsp;&nbsp; 2595 | 2659325 |
| 4.90%, 02/15/31<sup>(c)</sup> | &nbsp;&nbsp; 2565 | 2655563 |
| 5.00%, 02/15/34<sup>(c)</sup> | &nbsp;&nbsp; 2155 | 2223875 |
| 5.40%, 05/15/35<sup>(c)</sup> | &nbsp;&nbsp; 1300 | 1369630 |
| Target Corp. |  |  |
| 2.35%, 02/15/30 | &nbsp;&nbsp; 3781 | 3569206 |
| 2.65%, 09/15/30 | &nbsp;&nbsp; 2894 | 2735705 |
| 2.95%, 01/15/52 | &nbsp;&nbsp; 5715 | 3749690 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 4818 | 4765335 |
| 3.63%, 04/15/46 | &nbsp;&nbsp; 3948 | 3088617 |
| 3.90%, 11/15/47 | &nbsp;&nbsp; 3862 | 3111518 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 4711 | 4054026 |
| 4.35%, 06/15/28 | &nbsp;&nbsp; 1405 | 1424417 |
| 4.40%, 01/15/33 | &nbsp;&nbsp; 2525 | 2556639 |
| 4.50%, 09/15/32<sup>(c)</sup> | &nbsp;&nbsp; 4545 | 4649094 |
| 4.50%, 09/15/34 | &nbsp;&nbsp; 3065 | 3064489 |
| 4.80%, 01/15/53<sup>(c)</sup> | &nbsp;&nbsp; 3876 | 3524555 |
| 5.00%, 04/15/35<sup>(c)</sup> | &nbsp;&nbsp; 3200 | 3284797 |
| 5.25%, 02/15/36 | &nbsp;&nbsp; 3060 | 3178521 |
| 6.35%, 11/01/32 | &nbsp;&nbsp; 1731 | 1935132 |
| 6.50%, 10/15/37 | &nbsp;&nbsp; 2178 | 2501717 |
| 7.00%, 01/15/38 | &nbsp;&nbsp; 2439 | 2903883 |
| TJX Companies, Inc.(The) |  |  |
| 1.15%, 05/15/28 | &nbsp;&nbsp; 2196 | 2076241 |
| 1.60%, 05/15/31 | &nbsp;&nbsp; 1375 | 1223961 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 3630 | 3631067 |
| 4.50%, 04/15/50 | &nbsp;&nbsp; 3375 | 2978247 |
| Tractor Supply Co. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 3335 | 2986127 |
| 5.25%, 05/15/33 | &nbsp;&nbsp; 1310 | 1360603 |
| Walmart, Inc. |  |  |
| 2.38%, 09/24/29 | &nbsp;&nbsp; 1852 | 1776244 |
| 2.50%, 09/22/41 | &nbsp;&nbsp; 6346 | 4718811 |
| 2.65%, 09/22/51 | &nbsp;&nbsp; 8955 | 5735988 |
| 2.95%, 09/24/49 | &nbsp;&nbsp; 4098 | 2847850 |
| 3.25%, 07/08/29 | &nbsp;&nbsp; 3398 | 3365913 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 3.63%, 12/15/47 | &nbsp;&nbsp; $2585 | $2052843 |
| 3.70%, 06/26/28 | &nbsp;&nbsp; 5397 | 5408485 |
| 3.90%, 04/15/28 | &nbsp;&nbsp; 4900 | 4928329 |
| 3.95%, 06/28/38 | &nbsp;&nbsp; 2990 | 2826954 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 3469 | 3516451 |
| 4.00%, 04/11/43 | &nbsp;&nbsp; 1335 | 1178053 |
| 4.05%, 06/29/48 | &nbsp;&nbsp; 4810 | 4065791 |
| 4.10%, 04/28/27 | &nbsp;&nbsp; 2405 | 2420010 |
| 4.10%, 04/15/33 | &nbsp;&nbsp; 5475 | 5505361 |
| 4.15%, 09/09/32 | &nbsp;&nbsp; 5340 | 5415579 |
| 4.30%, 04/22/44 | &nbsp;&nbsp; 2020 | 1864292 |
| 4.35%, 04/28/30 | &nbsp;&nbsp; 2800 | 2858868 |
| 4.50%, 09/09/52 | &nbsp;&nbsp; 3790 | 3374710 |
| 4.50%, 04/15/53 | &nbsp;&nbsp; 9005 | 8044973 |
| 4.90%, 04/28/35 | &nbsp;&nbsp; 6150 | 6379702 |
| 5.00%, 10/25/40 | &nbsp;&nbsp; 2125 | 2196091 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 3600 | 3844301 |
| 5.63%, 04/01/40 | &nbsp;&nbsp; 2566 | 2791754 |
| 5.63%, 04/15/41 | &nbsp;&nbsp; 1945 | 2096978 |
| 5.88%, 04/05/27<sup>(c)</sup> | &nbsp;&nbsp; 350 | 358575 |
| 6.20%, 04/15/38 | &nbsp;&nbsp; 2524 | 2878482 |
| 6.50%, 08/15/37 | &nbsp;&nbsp; 6275 | 7362965 |
| 7.55%, 02/15/30 | &nbsp;&nbsp; 4690 | 5361106 |
|  |  | 843044476 |
| **Semiconductors — 0.6%** | **Semiconductors — 0.6%** | **Semiconductors — 0.6%** |
| Advanced Micro Devices, Inc. |  |  |
| 3.92%, 06/01/32 | &nbsp;&nbsp; 3715 | 3679896 |
| 4.32%, 03/24/28 | &nbsp;&nbsp; 2485 | 2514304 |
| 4.39%, 06/01/52 | &nbsp;&nbsp; 3565 | 3048230 |
| Analog Devices, Inc. |  |  |
| 1.70%, 10/01/28 | &nbsp;&nbsp; 4804 | 4560938 |
| 2.10%, 10/01/31 | &nbsp;&nbsp; 4435 | 3992885 |
| 2.80%, 10/01/41 | &nbsp;&nbsp; 3685 | 2766917 |
| 2.95%, 10/01/51 | &nbsp;&nbsp; 5285 | 3494487 |
| 3.45%, 06/15/27 | &nbsp;&nbsp; 3537 | 3525341 |
| 4.25%, 06/15/28 | &nbsp;&nbsp; 3595 | 3634392 |
| 4.50%, 06/15/30 | &nbsp;&nbsp; 3620 | 3700075 |
| 5.05%, 04/01/34 | &nbsp;&nbsp; 2635 | 2757311 |
| 5.30%, 12/15/45 | &nbsp;&nbsp; 2240 | 2238330 |
| 5.30%, 04/01/54 | &nbsp;&nbsp; 2510 | 2454595 |
| Applied Materials, Inc. |  |  |
| 1.75%, 06/01/30 | &nbsp;&nbsp; 5265 | 4801878 |
| 2.75%, 06/01/50 | &nbsp;&nbsp; 3746 | 2477158 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 7125 | 7096639 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 2815 | 2815589 |
| 4.35%, 04/01/47 | &nbsp;&nbsp; 4807 | 4251550 |
| 4.60%, 01/15/36 | &nbsp;&nbsp; 1870 | 1859907 |
| 4.80%, 06/15/29 | &nbsp;&nbsp; 3590 | 3697501 |
| 5.10%, 10/01/35 | &nbsp;&nbsp; 3549 | 3691353 |
| 5.85%, 06/15/41 | &nbsp;&nbsp; 3409 | 3691210 |
| Broadcom Corp./Broadcom Cayman Finance <br> Ltd., 3.50%, 01/15/28<br>| &nbsp;&nbsp; 5229 | 5206615 |
| Broadcom, Inc. |  |  |
| 1.95%, 02/15/28 | &nbsp;&nbsp; 1910 | 1845683 |
| 2.45%, 02/15/31 | &nbsp;&nbsp; 11520 | 10647329 |
| 2.60%, 02/15/33 | &nbsp;&nbsp; 7625 | 6787947 |
| 3.14%, 11/15/35<sup>(b)</sup> | &nbsp;&nbsp; 11535 | 10076609 |
| 3.19%, 11/15/36<sup>(b)</sup> | &nbsp;&nbsp; 6115 | 5272947 |
| 3.42%, 04/15/33 | &nbsp;&nbsp; 11111 | 10400086 |
| 3.47%, 04/15/34 | &nbsp;&nbsp; 14370 | 13277442 |
| 3.50%, 02/15/41 | &nbsp;&nbsp; 14463 | 11988094 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 3.75%, 02/15/51 | &nbsp;&nbsp; $8101 | $6249562 |
| 4.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 6210 | 6223436 |
| 4.15%, 11/15/30 | &nbsp;&nbsp; 6845 | 6868654 |
| 4.15%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5550 | 5489499 |
| 4.20%, 10/15/30 | &nbsp;&nbsp; 2905 | 2919103 |
| 4.30%, 01/15/31 | &nbsp;&nbsp; 2000 | 2017479 |
| 4.30%, 11/15/32 | &nbsp;&nbsp; 8084 | 8055848 |
| 4.35%, 02/15/30 | &nbsp;&nbsp; 5720 | 5790463 |
| 4.55%, 02/15/32 | &nbsp;&nbsp; 4020 | 4070605 |
| 4.60%, 07/15/30 | &nbsp;&nbsp; 5705 | 5828620 |
| 4.60%, 01/15/33 | &nbsp;&nbsp; 3925 | 3966698 |
| 4.75%, 04/15/29 | &nbsp;&nbsp; 3950 | 4040397 |
| 4.80%, 04/15/28 | &nbsp;&nbsp; 3475 | 3544992 |
| 4.80%, 10/15/34 | &nbsp;&nbsp; 7900 | 7980091 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 9000 | 9023511 |
| 4.90%, 07/15/32 | &nbsp;&nbsp; 7500 | 7722157 |
| 4.90%, 02/15/38 | &nbsp;&nbsp; 6875 | 6839065 |
| 4.93%, 05/15/37<sup>(b)</sup> | &nbsp;&nbsp; 20040 | 20032648 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 5160 | 5221731 |
| 5.00%, 04/15/30 | &nbsp;&nbsp; 2110 | 2180722 |
| 5.05%, 07/12/27 | &nbsp;&nbsp; 2528 | 2570098 |
| 5.05%, 07/12/29 | &nbsp;&nbsp; 6425 | 6643477 |
| 5.05%, 04/15/30 | &nbsp;&nbsp; 3625 | 3757364 |
| 5.15%, 11/15/31 | &nbsp;&nbsp; 10345 | 10830357 |
| 5.20%, 04/15/32 | &nbsp;&nbsp; 3695 | 3860520 |
| 5.20%, 07/15/35 | &nbsp;&nbsp; 9980 | 10314656 |
| 5.70%, 01/15/56 | &nbsp;&nbsp; 1400 | 1438647 |
| Intel Corp. |  |  |
| 1.60%, 08/12/28 | &nbsp;&nbsp; 5273 | 4984784 |
| 2.00%, 08/12/31 | &nbsp;&nbsp; 5930 | 5253486 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 8427 | 7944175 |
| 2.80%, 08/12/41 | &nbsp;&nbsp; 4750 | 3381719 |
| 3.05%, 08/12/51 | &nbsp;&nbsp; 4710 | 2957772 |
| 3.10%, 02/15/60 | &nbsp;&nbsp; 5390 | 3080077 |
| 3.15%, 05/11/27 | &nbsp;&nbsp; 5248 | 5196420 |
| 3.20%, 08/12/61 | &nbsp;&nbsp; 4490 | 2599954 |
| 3.25%, 11/15/49 | &nbsp;&nbsp; 8933 | 5842677 |
| 3.73%, 12/08/47 | &nbsp;&nbsp; 9085 | 6566038 |
| 3.75%, 03/25/27 | &nbsp;&nbsp; 5155 | 5145015 |
| 3.75%, 08/05/27 | &nbsp;&nbsp; 6215 | 6194170 |
| 3.90%, 03/25/30 | &nbsp;&nbsp; 7869 | 7774718 |
| 4.00%, 08/05/29 | &nbsp;&nbsp; 4090 | 4078901 |
| 4.00%, 12/15/32 | &nbsp;&nbsp; 4491 | 4338134 |
| 4.10%, 05/19/46 | &nbsp;&nbsp; 6082 | 4721535 |
| 4.10%, 05/11/47 | &nbsp;&nbsp; 7108 | 5480822 |
| 4.15%, 08/05/32 | &nbsp;&nbsp; 4635 | 4530733 |
| 4.25%, 12/15/42 | &nbsp;&nbsp; 2957 | 2451789 |
| 4.60%, 03/25/40 | &nbsp;&nbsp; 4544 | 4129155 |
| 4.75%, 03/25/50 | &nbsp;&nbsp; 9230 | 7683205 |
| 4.80%, 10/01/41 | &nbsp;&nbsp; 4160 | 3760922 |
| 4.88%, 02/10/28 | &nbsp;&nbsp; 7941 | 8065860 |
| 4.90%, 07/29/45 | &nbsp;&nbsp; 4706 | 4129090 |
| 4.90%, 08/05/52 | &nbsp;&nbsp; 6100 | 5146063 |
| 4.95%, 03/25/60 | &nbsp;&nbsp; 5184 | 4293522 |
| 5.00%, 02/21/31 | &nbsp;&nbsp; 2600 | 2675871 |
| 5.05%, 08/05/62 | &nbsp;&nbsp; 5111 | 4248615 |
| 5.13%, 02/10/30 | &nbsp;&nbsp; 6355 | 6553012 |
| 5.15%, 02/21/34<sup>(c)</sup> | &nbsp;&nbsp; 3805 | 3884604 |
| 5.20%, 02/10/33<sup>(c)</sup> | &nbsp;&nbsp; 10475 | 10788957 |
| 5.60%, 02/21/54<sup>(c)</sup> | &nbsp;&nbsp; 4130 | 3890847 |
| 5.63%, 02/10/43 | &nbsp;&nbsp; 4890 | 4796414 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 5.70%, 02/10/53 | &nbsp;&nbsp; $8060 | $7646063 |
| 5.90%, 02/10/63 | &nbsp;&nbsp; 5990 | 5748905 |
| KLA Corp. |  |  |
| 3.30%, 03/01/50 | &nbsp;&nbsp; 4083 | 2897265 |
| 4.10%, 03/15/29 | &nbsp;&nbsp; 4123 | 4146603 |
| 4.65%, 07/15/32 | &nbsp;&nbsp; 3815 | 3908816 |
| 4.70%, 02/01/34 | &nbsp;&nbsp; 1800 | 1824991 |
| 4.95%, 07/15/52 | &nbsp;&nbsp; 6810 | 6308055 |
| 5.00%, 03/15/49 | &nbsp;&nbsp; 2419 | 2263355 |
| 5.25%, 07/15/62 | &nbsp;&nbsp; 4405 | 4150603 |
| Lam Research Corp. |  |  |
| 1.90%, 06/15/30 | &nbsp;&nbsp; 7445 | 6834089 |
| 2.88%, 06/15/50 | &nbsp;&nbsp; 4944 | 3256682 |
| 3.13%, 06/15/60 | &nbsp;&nbsp; 3526 | 2231489 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 3636 | 3652105 |
| 4.88%, 03/15/49 | &nbsp;&nbsp; 3605 | 3356524 |
| Marvell Technology, Inc. |  |  |
| 2.45%, 04/15/28 | &nbsp;&nbsp; 5002 | 4842228 |
| 2.95%, 04/15/31 | &nbsp;&nbsp; 3960 | 3701087 |
| 4.75%, 07/15/30 | &nbsp;&nbsp; 2285 | 2329640 |
| 4.88%, 06/22/28 | &nbsp;&nbsp; 2520 | 2566218 |
| 5.45%, 07/15/35 | &nbsp;&nbsp; 2305 | 2394182 |
| 5.75%, 02/15/29 | &nbsp;&nbsp; 1355 | 1415105 |
| 5.95%, 09/15/33 | &nbsp;&nbsp; 1775 | 1905223 |
| Microchip Technology, Inc. |  |  |
| 4.90%, 03/15/28 | &nbsp;&nbsp; 3205 | 3257995 |
| 5.05%, 03/15/29 | &nbsp;&nbsp; 4475 | 4594373 |
| 5.05%, 02/15/30 | &nbsp;&nbsp; 3415 | 3506510 |
| Micron Technology, Inc. |  |  |
| 2.70%, 04/15/32 | &nbsp;&nbsp; 4937 | 4512634 |
| 3.37%, 11/01/41 | &nbsp;&nbsp; 2865 | 2275551 |
| 3.48%, 11/01/51<sup>(c)</sup> | &nbsp;&nbsp; 2960 | 2169096 |
| 5.30%, 01/15/31 | &nbsp;&nbsp; 4355 | 4574503 |
| 5.65%, 11/01/32 | &nbsp;&nbsp; 640 | 682227 |
| 5.80%, 01/15/35 | &nbsp;&nbsp; 2310 | 2473455 |
| 5.88%, 02/09/33 | &nbsp;&nbsp; 3630 | 3903723 |
| 5.88%, 09/15/33 | &nbsp;&nbsp; 5435 | 5838036 |
| 6.05%, 11/01/35 | &nbsp;&nbsp; 4140 | 4500629 |
| NVIDIA Corp. |  |  |
| 1.55%, 06/15/28 | &nbsp;&nbsp; 7890 | 7532386 |
| 2.00%, 06/15/31 | &nbsp;&nbsp; 7438 | 6770991 |
| 2.85%, 04/01/30 | &nbsp;&nbsp; 7642 | 7350703 |
| 3.50%, 04/01/40 | &nbsp;&nbsp; 5698 | 4916813 |
| 3.50%, 04/01/50 | &nbsp;&nbsp; 10312 | 7856407 |
| 3.70%, 04/01/60 | &nbsp;&nbsp; 2700 | 2021679 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 | &nbsp;&nbsp; 3112 | 3219821 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 2.50%, 05/11/31 | &nbsp;&nbsp; 5394 | 4939035 |
| 2.65%, 02/15/32 | &nbsp;&nbsp; 4611 | 4161059 |
| 3.13%, 02/15/42 | &nbsp;&nbsp; 2925 | 2177893 |
| 3.15%, 05/01/27 | &nbsp;&nbsp; 3215 | 3186052 |
| 3.25%, 05/11/41 | &nbsp;&nbsp; 4830 | 3718470 |
| 3.25%, 11/30/51 | &nbsp;&nbsp; 2610 | 1750568 |
| 3.40%, 05/01/30 | &nbsp;&nbsp; 4943 | 4789419 |
| 4.30%, 08/19/28 | &nbsp;&nbsp; 2460 | 2475402 |
| 4.30%, 06/18/29 | &nbsp;&nbsp; 5484 | 5516407 |
| 4.40%, 06/01/27 | &nbsp;&nbsp; 1480 | 1487443 |
| 4.85%, 08/19/32 | &nbsp;&nbsp; 1300 | 1319093 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 5060 | 5165876 |
| 5.25%, 08/19/35<sup>(c)</sup> | &nbsp;&nbsp; 2705 | 2762847 |
| Qorvo, Inc., 4.38%, 10/15/29 | &nbsp;&nbsp; 5065 | 4986766 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| QUALCOMM, Inc. |  |  |
| 1.30%, 05/20/28 | &nbsp;&nbsp; $5685 | $5396314 |
| 1.65%, 05/20/32 | &nbsp;&nbsp; 5933 | 5128999 |
| 2.15%, 05/20/30 | &nbsp;&nbsp; 6930 | 6455634 |
| 3.25%, 05/20/27<sup>(c)</sup> | &nbsp;&nbsp; 10082 | 10032582 |
| 3.25%, 05/20/50 | &nbsp;&nbsp; 4244 | 2961413 |
| 4.25%, 05/20/32 | &nbsp;&nbsp; 3356 | 3379808 |
| 4.30%, 05/20/47 | &nbsp;&nbsp; 7070 | 5991945 |
| 4.50%, 05/20/30 | &nbsp;&nbsp; 2825 | 2880439 |
| 4.50%, 05/20/52 | &nbsp;&nbsp; 5115 | 4326729 |
| 4.65%, 05/20/35 | &nbsp;&nbsp; 5427 | 5483455 |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 2815 | 2891636 |
| 4.80%, 05/20/45 | &nbsp;&nbsp; 6741 | 6210858 |
| 5.00%, 05/20/35 | &nbsp;&nbsp; 2770 | 2834532 |
| 5.40%, 05/20/33 | &nbsp;&nbsp; 3675 | 3910979 |
| 6.00%, 05/20/53 | &nbsp;&nbsp; 5715 | 6042159 |
| Skyworks Solutions, Inc., 3.00%, 06/01/31 | &nbsp;&nbsp; 3290 | 2995236 |
| Texas Instruments, Inc. |  |  |
| 1.75%, 05/04/30 | &nbsp;&nbsp; 4905 | 4504349 |
| 1.90%, 09/15/31 | &nbsp;&nbsp; 3525 | 3165386 |
| 2.25%, 09/04/29 | &nbsp;&nbsp; 4863 | 4625023 |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 3805 | 2375615 |
| 2.90%, 11/03/27 | &nbsp;&nbsp; 3591 | 3552573 |
| 3.65%, 08/16/32 | &nbsp;&nbsp; 3455 | 3357507 |
| 3.88%, 03/15/39 | &nbsp;&nbsp; 4828 | 4366308 |
| 4.10%, 08/16/52 | &nbsp;&nbsp; 2461 | 1993936 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 7186 | 6024207 |
| 4.50%, 05/23/30 | &nbsp;&nbsp; 2440 | 2490816 |
| 4.60%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp; 4330 | 4403302 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 2080 | 2131151 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 2105 | 2173085 |
| 4.90%, 03/14/33 | &nbsp;&nbsp; 3130 | 3248020 |
| 5.00%, 03/14/53 | &nbsp;&nbsp; 3455 | 3228799 |
| 5.05%, 05/18/63 | &nbsp;&nbsp; 5480 | 5010705 |
| 5.10%, 05/23/35 | &nbsp;&nbsp; 2260 | 2354246 |
| 5.15%, 02/08/54 | &nbsp;&nbsp; 2055 | 1976266 |
| TSMC Arizona Corp. |  |  |
| 2.50%, 10/25/31 | &nbsp;&nbsp; 7790 | 7203005 |
| 3.13%, 10/25/41 | &nbsp;&nbsp; 6500 | 5473986 |
| 3.25%, 10/25/51 | &nbsp;&nbsp; 4500 | 3530970 |
| 3.88%, 04/22/27 | &nbsp;&nbsp; 3715 | 3715793 |
| 4.13%, 04/22/29 | &nbsp;&nbsp; 1475 | 1484846 |
| 4.25%, 04/22/32 | &nbsp;&nbsp; 2395 | 2426907 |
| 4.50%, 04/22/52<sup>(c)</sup> | &nbsp;&nbsp; 2015 | 1953303 |
| Xilinx, Inc., 2.38%, 06/01/30 | &nbsp;&nbsp; 5626 | 5277363 |
|  |  | 859045969 |
| **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** |
| Huntington Ingalls Industries, Inc. |  |  |
| 2.04%, 08/16/28 | &nbsp;&nbsp; 3054 | 2913989 |
| 3.48%, 12/01/27 | &nbsp;&nbsp; 3941 | 3906787 |
| 4.20%, 05/01/30 | &nbsp;&nbsp; 2905 | 2900694 |
| 5.35%, 01/15/30 | &nbsp;&nbsp; 2265 | 2350593 |
| 5.75%, 01/15/35 | &nbsp;&nbsp; 2345 | 2506450 |
|  |  | 14578513 |
| **Software — 0.7%** | **Software — 0.7%** | **Software — 0.7%** |
| Adobe, Inc. |  |  |
| 2.30%, 02/01/30 | &nbsp;&nbsp; 8166 | 7655864 |
| 4.75%, 01/17/28<sup>(c)</sup> | &nbsp;&nbsp; 1900 | 1937358 |
| 4.80%, 04/04/29 | &nbsp;&nbsp; 3490 | 3582393 |
| 4.85%, 04/04/27 | &nbsp;&nbsp; 3790 | 3833281 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 4.95%, 01/17/30 | &nbsp;&nbsp; $1160 | $1199296 |
| 4.95%, 04/04/34 | &nbsp;&nbsp; 2615 | 2672199 |
| 5.30%, 01/17/35<sup>(c)</sup> | &nbsp;&nbsp; 1840 | 1917903 |
| Atlassian Corp. |  |  |
| 5.25%, 05/15/29 | &nbsp;&nbsp; 2500 | 2543465 |
| 5.50%, 05/15/34 | &nbsp;&nbsp; 2040 | 2033493 |
| Autodesk, Inc. |  |  |
| 2.40%, 12/15/31 | &nbsp;&nbsp; 5538 | 4959769 |
| 2.85%, 01/15/30 | &nbsp;&nbsp; 4412 | 4203388 |
| 3.50%, 06/15/27 | &nbsp;&nbsp; 4285 | 4259356 |
| 5.30%, 06/15/35 | &nbsp;&nbsp; 1930 | 1964674 |
| Broadridge Financial Solutions, Inc. |  |  |
| 2.60%, 05/01/31 | &nbsp;&nbsp; 5576 | 5054507 |
| 2.90%, 12/01/29 | &nbsp;&nbsp; 5203 | 4926405 |
| Cadence Design Systems, Inc. |  |  |
| 4.20%, 09/10/27 | &nbsp;&nbsp; 2815 | 2828602 |
| 4.30%, 09/10/29 | &nbsp;&nbsp; 5095 | 5150174 |
| 4.70%, 09/10/34 | &nbsp;&nbsp; 2210 | 2226873 |
| Concentrix Corp. |  |  |
| 6.50%, 03/01/29<sup>(c)</sup> | &nbsp;&nbsp; 875 | 864564 |
| 6.60%, 08/02/28<sup>(c)</sup> | &nbsp;&nbsp; 4765 | 4781941 |
| 6.85%, 08/02/33<sup>(c)</sup> | &nbsp;&nbsp; 2865 | 2759604 |
| Fidelity National Information Services, Inc. |  |  |
| 1.65%, 03/01/28 | &nbsp;&nbsp; 4329 | 4130097 |
| 2.25%, 03/01/31<sup>(c)</sup> | &nbsp;&nbsp; 450 | 405319 |
| 3.10%, 03/01/41 | &nbsp;&nbsp; 4080 | 3010317 |
| 3.75%, 05/21/29 | &nbsp;&nbsp; 3270 | 3223324 |
| 4.50%, 08/15/46 | &nbsp;&nbsp; 2047 | 1732503 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 4420 | 4490586 |
| Fiserv, Inc. |  |  |
| 2.25%, 06/01/27 | &nbsp;&nbsp; 4265 | 4166269 |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 5879 | 5454336 |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 14215 | 13809669 |
| 4.20%, 10/01/28 | &nbsp;&nbsp; 5277 | 5277853 |
| 4.40%, 07/01/49 | &nbsp;&nbsp; 10240 | 8107857 |
| 4.55%, 02/15/31 | &nbsp;&nbsp; 3440 | 3430200 |
| 4.75%, 03/15/30 | &nbsp;&nbsp; 3390 | 3417119 |
| 5.15%, 03/15/27 | &nbsp;&nbsp; 4900 | 4947194 |
| 5.15%, 08/12/34 | &nbsp;&nbsp; 4590 | 4571159 |
| 5.25%, 08/11/35<sup>(c)</sup> | &nbsp;&nbsp; 3425 | 3425267 |
| 5.35%, 03/15/31 | &nbsp;&nbsp; 3400 | 3501527 |
| 5.38%, 08/21/28 | &nbsp;&nbsp; 3895 | 3992206 |
| 5.45%, 03/02/28 | &nbsp;&nbsp; 5069 | 5185806 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 3350 | 3414843 |
| 5.60%, 03/02/33 | &nbsp;&nbsp; 2970 | 3071284 |
| 5.63%, 08/21/33 | &nbsp;&nbsp; 5640 | 5838774 |
| Intuit, Inc. |  |  |
| 1.35%, 07/15/27 | &nbsp;&nbsp; 4059 | 3929099 |
| 1.65%, 07/15/30 | &nbsp;&nbsp; 4712 | 4253593 |
| 5.13%, 09/15/28 | &nbsp;&nbsp; 4825 | 4965081 |
| 5.20%, 09/15/33 | &nbsp;&nbsp; 4585 | 4743906 |
| 5.50%, 09/15/53 | &nbsp;&nbsp; 3565 | 3373080 |
| Microsoft Corp. |  |  |
| 1.35%, 09/15/30 | &nbsp;&nbsp; 4055 | 3662539 |
| 2.50%, 09/15/50 | &nbsp;&nbsp; 7633 | 4720883 |
| 2.53%, 06/01/50 | &nbsp;&nbsp; 28820 | 17876383 |
| 2.68%, 06/01/60<sup>(c)</sup> | &nbsp;&nbsp; 16612 | 9634452 |
| 2.92%, 03/17/52 | &nbsp;&nbsp; 26261 | 17460941 |
| 3.04%, 03/17/62 | &nbsp;&nbsp; 8489 | 5327442 |
| 3.40%, 06/15/27 | &nbsp;&nbsp; 4065 | 4057868 |
| 3.45%, 08/08/36 | &nbsp;&nbsp; 8556 | 7901179 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 3.50%, 02/12/35<sup>(c)</sup> | &nbsp;&nbsp; $8796 | $8333034 |
| 3.50%, 11/15/42 | &nbsp;&nbsp; 3845 | 3216378 |
| 3.70%, 08/08/46 | &nbsp;&nbsp; 6440 | 5243757 |
| 3.75%, 02/12/45 | &nbsp;&nbsp; 3215 | 2681932 |
| 3.95%, 08/08/56 | &nbsp;&nbsp; 2335 | 1858022 |
| 4.00%, 02/12/55 | &nbsp;&nbsp; 2845 | 2299391 |
| 4.10%, 02/06/37 | &nbsp;&nbsp; 2321 | 2267688 |
| 4.20%, 11/03/35<sup>(c)</sup> | &nbsp;&nbsp; 3595 | 3616776 |
| 4.25%, 02/06/47 | &nbsp;&nbsp; 3047 | 2702313 |
| 4.45%, 11/03/45 | &nbsp;&nbsp; 2656 | 2459376 |
| 4.50%, 10/01/40 | &nbsp;&nbsp; 4080 | 4028094 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 3048 | 2784852 |
| 4.50%, 02/06/57 | &nbsp;&nbsp; 2680 | 2404624 |
| 5.20%, 06/01/39 | &nbsp;&nbsp; 2970 | 3148006 |
| 5.30%, 02/08/41<sup>(c)</sup> | &nbsp;&nbsp; 4925 | 5150928 |
| MSCI, Inc. |  |  |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 1885 | 1866660 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 3010 | 3010828 |
| Oracle Corp. |  |  |
| 2.30%, 03/25/28 | &nbsp;&nbsp; 9310 | 8924989 |
| 2.80%, 04/01/27 | &nbsp;&nbsp; 11812 | 11632756 |
| 2.88%, 03/25/31 | &nbsp;&nbsp; 14516 | 13194294 |
| 2.95%, 04/01/30 | &nbsp;&nbsp; 13810 | 12847091 |
| 3.25%, 11/15/27 | &nbsp;&nbsp; 13072 | 12840500 |
| 3.25%, 05/15/30 | &nbsp;&nbsp; 3554 | 3337831 |
| 3.60%, 04/01/40 | &nbsp;&nbsp; 13370 | 10037380 |
| 3.60%, 04/01/50 | &nbsp;&nbsp; 20128 | 12586027 |
| 3.65%, 03/25/41 | &nbsp;&nbsp; 9853 | 7318148 |
| 3.80%, 11/15/37 | &nbsp;&nbsp; 7760 | 6388851 |
| 3.85%, 07/15/36 | &nbsp;&nbsp; 5540 | 4725151 |
| 3.85%, 04/01/60 | &nbsp;&nbsp; 15606 | 9491328 |
| 3.90%, 05/15/35 | &nbsp;&nbsp; 5880 | 5150036 |
| 3.95%, 03/25/51 | &nbsp;&nbsp; 14492 | 9576470 |
| 4.00%, 07/15/46 | &nbsp;&nbsp; 12819 | 8952843 |
| 4.00%, 11/15/47 | &nbsp;&nbsp; 10173 | 7007766 |
| 4.10%, 03/25/61 | &nbsp;&nbsp; 6951 | 4450850 |
| 4.13%, 05/15/45 | &nbsp;&nbsp; 9644 | 6970472 |
| 4.20%, 09/27/29 | &nbsp;&nbsp; 8030 | 7926225 |
| 4.30%, 07/08/34 | &nbsp;&nbsp; 8067 | 7373866 |
| 4.38%, 05/15/55 | &nbsp;&nbsp; 6139 | 4247048 |
| 4.45%, 09/26/30 | &nbsp;&nbsp; 9530 | 9340880 |
| 4.50%, 05/06/28 | &nbsp;&nbsp; 3620 | 3639523 |
| 4.50%, 07/08/44 | &nbsp;&nbsp; 4638 | 3572664 |
| 4.55%, 02/04/29 | &nbsp;&nbsp; 15725 | 15748685 |
| 4.65%, 05/06/30 | &nbsp;&nbsp; 3425 | 3419174 |
| 4.70%, 09/27/34 | &nbsp;&nbsp; 10285 | 9662040 |
| 4.80%, 08/03/28 | &nbsp;&nbsp; 7660 | 7743944 |
| 4.80%, 09/26/32 | &nbsp;&nbsp; 11990 | 11720041 |
| 4.90%, 02/06/33 | &nbsp;&nbsp; 7330 | 7162946 |
| 4.95%, 02/04/31 | &nbsp;&nbsp; 15575 | 15542333 |
| 5.20%, 09/26/35 | &nbsp;&nbsp; 11645 | 11253970 |
| 5.25%, 02/03/32 | &nbsp;&nbsp; 6230 | 6252750 |
| 5.35%, 05/04/33 | &nbsp;&nbsp; 15735 | 15797443 |
| 5.38%, 07/15/40 | &nbsp;&nbsp; 10029 | 9167179 |
| 5.38%, 09/27/54 | &nbsp;&nbsp; 8000 | 6452100 |
| 5.50%, 08/03/35 | &nbsp;&nbsp; 9450 | 9336520 |
| 5.50%, 09/27/64 | &nbsp;&nbsp; 6655 | 5276347 |
| 5.55%, 02/06/53 | &nbsp;&nbsp; 10195 | 8510512 |
| 5.70%, 02/04/36 | &nbsp;&nbsp; 20350 | 20356720 |
| 5.88%, 09/26/45 | &nbsp;&nbsp; 15010 | 13572144 |
| 5.95%, 09/26/55 | &nbsp;&nbsp; 9800 | 8617461 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 6.00%, 08/03/55 | &nbsp;&nbsp; $8500 | $7476010 |
| 6.10%, 09/26/65 | &nbsp;&nbsp; 10465 | 9063318 |
| 6.13%, 07/08/39 | &nbsp;&nbsp; 6393 | 6324323 |
| 6.13%, 08/03/65 | &nbsp;&nbsp; 5220 | 4515671 |
| 6.15%, 11/09/29 | &nbsp;&nbsp; 6200 | 6496561 |
| 6.25%, 11/09/32 | &nbsp;&nbsp; 8907 | 9407133 |
| 6.50%, 04/15/38 | &nbsp;&nbsp; 5765 | 5971974 |
| 6.55%, 02/04/46 | &nbsp;&nbsp; 18850 | 18391828 |
| 6.70%, 02/04/56 | &nbsp;&nbsp; 18235 | 17672117 |
| 6.85%, 02/04/66 | &nbsp;&nbsp; 18850 | 18076694 |
| 6.90%, 11/09/52 | &nbsp;&nbsp; 11020 | 10883622 |
| Paychex, Inc. |  |  |
| 5.10%, 04/15/30 | &nbsp;&nbsp; 3885 | 3967640 |
| 5.35%, 04/15/32 | &nbsp;&nbsp; 4715 | 4834498 |
| 5.60%, 04/15/35<sup>(c)</sup> | &nbsp;&nbsp; 4295 | 4401276 |
| Roper Technologies, Inc. |  |  |
| 1.40%, 09/15/27 | &nbsp;&nbsp; 4511 | 4340928 |
| 1.75%, 02/15/31 | &nbsp;&nbsp; 4848 | 4259665 |
| 2.00%, 06/30/30 | &nbsp;&nbsp; 3339 | 3030787 |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 3658 | 3504928 |
| 4.20%, 09/15/28 | &nbsp;&nbsp; 5139 | 5149673 |
| 4.25%, 09/15/28 | &nbsp;&nbsp; 1080 | 1084219 |
| 4.45%, 09/15/30 | &nbsp;&nbsp; 1750 | 1758796 |
| 4.50%, 10/15/29 | &nbsp;&nbsp; 2390 | 2421259 |
| 4.75%, 02/15/32 | &nbsp;&nbsp; 3040 | 3066723 |
| 4.90%, 10/15/34 | &nbsp;&nbsp; 5025 | 4985392 |
| 5.10%, 09/15/35 | &nbsp;&nbsp; 2625 | 2616497 |
| Salesforce, Inc. |  |  |
| 1.50%, 07/15/28 | &nbsp;&nbsp; 3820 | 3618243 |
| 1.95%, 07/15/31 | &nbsp;&nbsp; 6392 | 5684372 |
| 2.70%, 07/15/41 | &nbsp;&nbsp; 4860 | 3454034 |
| 2.90%, 07/15/51 | &nbsp;&nbsp; 10920 | 6698035 |
| 3.05%, 07/15/61 | &nbsp;&nbsp; 6140 | 3577063 |
| 3.70%, 04/11/28 | &nbsp;&nbsp; 9381 | 9356447 |
| ServiceNow, Inc., 1.40%, 09/01/30 | &nbsp;&nbsp; 8659 | 7669345 |
| Synopsys, Inc. |  |  |
| 4.55%, 04/01/27 | &nbsp;&nbsp; 6705 | 6755953 |
| 4.65%, 04/01/28 | &nbsp;&nbsp; 3530 | 3575035 |
| 4.85%, 04/01/30 | &nbsp;&nbsp; 7390 | 7568603 |
| 5.00%, 04/01/32 | &nbsp;&nbsp; 7205 | 7428109 |
| 5.15%, 04/01/35 | &nbsp;&nbsp; 6950 | 7097160 |
| 5.70%, 04/01/55 | &nbsp;&nbsp; 2860 | 2858063 |
| Take-Two Interactive Software, Inc. |  |  |
| 3.70%, 04/14/27 | &nbsp;&nbsp; 4345 | 4333377 |
| 4.00%, 04/14/32 | &nbsp;&nbsp; 3208 | 3128843 |
| 4.95%, 03/28/28 | &nbsp;&nbsp; 5320 | 5411627 |
| 5.40%, 06/12/29 | &nbsp;&nbsp; 3195 | 3310974 |
| 5.60%, 06/12/34<sup>(c)</sup> | &nbsp;&nbsp; 2585 | 2691131 |
| VMware LLC |  |  |
| 1.80%, 08/15/28 | &nbsp;&nbsp; 4309 | 4097031 |
| 2.20%, 08/15/31 | &nbsp;&nbsp; 5693 | 5099715 |
| 4.70%, 05/15/30 | &nbsp;&nbsp; 4265 | 4355958 |
| Workday, Inc. |  |  |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 4780 | 4755135 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 4003 | 3936575 |
| 3.80%, 04/01/32 | &nbsp;&nbsp; 5640 | 5354857 |
|  |  | 981580238 |
| **Telecommunications — 1.1%** | **Telecommunications — 1.1%** | **Telecommunications — 1.1%** |
| America Movil SAB de CV |  |  |
| 2.88%, 05/07/30 | &nbsp;&nbsp; 5505 | 5229099 |
| 3.63%, 04/22/29 | &nbsp;&nbsp; 7296 | 7195697 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 4.38%, 07/16/42 | &nbsp;&nbsp; $5145 | $4592614 |
| 4.38%, 04/22/49 | &nbsp;&nbsp; 5806 | 4969704 |
| 4.70%, 07/21/32 | &nbsp;&nbsp; 5265 | 5344530 |
| 5.00%, 01/20/33 | &nbsp;&nbsp; 2480 | 2560121 |
| 6.13%, 11/15/37 | &nbsp;&nbsp; 2850 | 3113639 |
| 6.13%, 03/30/40 | &nbsp;&nbsp; 10107 | 10992008 |
| 6.38%, 03/01/35 | &nbsp;&nbsp; 6248 | 7003199 |
| AT&T, Inc. |  |  |
| 1.65%, 02/01/28 | &nbsp;&nbsp; 11426 | 10955319 |
| 2.25%, 02/01/32 | &nbsp;&nbsp; 12391 | 11067982 |
| 2.30%, 06/01/27 | &nbsp;&nbsp; 12517 | 12277778 |
| 2.55%, 12/01/33 | &nbsp;&nbsp; 16950 | 14684672 |
| 2.75%, 06/01/31 | &nbsp;&nbsp; 17111 | 15938276 |
| 3.10%, 02/01/43 | &nbsp;&nbsp; 2810 | 2094847 |
| 3.30%, 02/01/52 | &nbsp;&nbsp; 3790 | 2508243 |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 11145 | 8943667 |
| 3.50%, 09/15/53 | &nbsp;&nbsp; 32606 | 22194406 |
| 3.50%, 02/01/61 | &nbsp;&nbsp; 3115 | 2013014 |
| 3.55%, 09/15/55 | &nbsp;&nbsp; 33153 | 22419615 |
| 3.65%, 06/01/51 | &nbsp;&nbsp; 13481 | 9630584 |
| 3.65%, 09/15/59 | &nbsp;&nbsp; 26190 | 17612410 |
| 3.80%, 12/01/57 | &nbsp;&nbsp; 25666 | 18008193 |
| 3.85%, 06/01/60 | &nbsp;&nbsp; 6630 | 4621709 |
| 4.10%, 02/15/28 | &nbsp;&nbsp; 6185 | 6203249 |
| 4.25%, 03/01/27 | &nbsp;&nbsp; 5884 | 5898790 |
| 4.30%, 02/15/30 | &nbsp;&nbsp; 15642 | 15776600 |
| 4.30%, 12/15/42 | &nbsp;&nbsp; 6260 | 5389555 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 14884 | 15049918 |
| 4.35%, 06/15/45 | &nbsp;&nbsp; 4880 | 4099386 |
| 4.40%, 04/30/31 | &nbsp;&nbsp; 5750 | 5802354 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 12094 | 11792033 |
| 4.50%, 03/09/48 | &nbsp;&nbsp; 8070 | 6752405 |
| 4.55%, 11/01/32 | &nbsp;&nbsp; 4315 | 4341367 |
| 4.55%, 03/09/49 | &nbsp;&nbsp; 4329 | 3626979 |
| 4.65%, 06/01/44 | &nbsp;&nbsp; 2444 | 2165608 |
| 4.70%, 08/15/30 | &nbsp;&nbsp; 6660 | 6829200 |
| 4.75%, 04/30/33 | &nbsp;&nbsp; 5500 | 5576190 |
| 4.75%, 05/15/46 | &nbsp;&nbsp; 7491 | 6576631 |
| 4.80%, 06/15/44 | &nbsp;&nbsp; 1960 | 1758793 |
| 4.85%, 03/01/39 | &nbsp;&nbsp; 5397 | 5188840 |
| 4.85%, 07/15/45 | &nbsp;&nbsp; 1984 | 1792902 |
| 4.90%, 11/01/35 | &nbsp;&nbsp; 6480 | 6494120 |
| 4.90%, 08/15/37 | &nbsp;&nbsp; 4093 | 4037574 |
| 5.13%, 04/30/36 | &nbsp;&nbsp; 5750 | 5830594 |
| 5.15%, 03/15/42 | &nbsp;&nbsp; 1810 | 1745442 |
| 5.15%, 11/15/46 | &nbsp;&nbsp; 3121 | 2894209 |
| 5.15%, 02/15/50 | &nbsp;&nbsp; 3087 | 2802538 |
| 5.25%, 03/01/37 | &nbsp;&nbsp; 5680 | 5808246 |
| 5.35%, 09/01/40 | &nbsp;&nbsp; 2263 | 2252502 |
| 5.38%, 08/15/35 | &nbsp;&nbsp; 6305 | 6543510 |
| 5.40%, 02/15/34 | &nbsp;&nbsp; 12525 | 13121215 |
| 5.45%, 03/01/47 | &nbsp;&nbsp; 2387 | 2292296 |
| 5.55%, 08/15/41 | &nbsp;&nbsp; 3262 | 3269946 |
| 5.55%, 11/01/45 | &nbsp;&nbsp; 5480 | 5391372 |
| 5.65%, 02/15/47 | &nbsp;&nbsp; 1942 | 1965727 |
| 5.70%, 11/01/54 | &nbsp;&nbsp; 8550 | 8296486 |
| 5.70%, 03/01/57 | &nbsp;&nbsp; 2136 | 2083979 |
| 5.85%, 04/30/46 | &nbsp;&nbsp; 4500 | 4539484 |
| 6.00%, 08/15/40 | &nbsp;&nbsp; 3274 | 3468697 |
| 6.00%, 04/30/56 | &nbsp;&nbsp; 5500 | 5545909 |
| 6.05%, 08/15/56 | &nbsp;&nbsp; 7770 | 7906925 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 6.30%, 01/15/38 | &nbsp;&nbsp; $1795 | $1970379 |
| 6.38%, 03/01/41 | &nbsp;&nbsp; 2369 | 2571137 |
| 6.55%, 02/15/39 | &nbsp;&nbsp; 1520 | 1699991 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 3.65%, 08/15/52 | &nbsp;&nbsp; 2990 | 2173298 |
| 4.30%, 07/29/49 | &nbsp;&nbsp; 3035 | 2495220 |
| 4.46%, 04/01/48 | &nbsp;&nbsp; 5916 | 5002903 |
| 5.10%, 05/11/33 | &nbsp;&nbsp; 5795 | 5956246 |
| 5.20%, 02/15/34<sup>(c)</sup> | &nbsp;&nbsp; 3245 | 3339213 |
| 5.55%, 02/15/54<sup>(c)</sup> | &nbsp;&nbsp; 3985 | 3904203 |
| Series US-4, 3.65%, 03/17/51 | &nbsp;&nbsp; 2549 | 1885065 |
| Series US-5, 2.15%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp; 4005 | 3528288 |
| Series US-6, 3.20%, 02/15/52 | &nbsp;&nbsp; 70 | 47175 |
| British Telecommunications PLC |  |  |
| 5.13%, 12/04/28 | &nbsp;&nbsp; 5608 | 5756862 |
| 9.63%, 12/15/30 | &nbsp;&nbsp; 13461 | 16464630 |
| Cisco Systems, Inc. |  |  |
| 4.55%, 02/24/28<sup>(c)</sup> | &nbsp;&nbsp; 4505 | 4579639 |
| 4.75%, 02/24/30 | &nbsp;&nbsp; 4730 | 4877662 |
| 4.85%, 02/26/29 | &nbsp;&nbsp; 10256 | 10562569 |
| 4.95%, 02/26/31 | &nbsp;&nbsp; 8005 | 8330135 |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 4730 | 4927190 |
| 5.05%, 02/26/34 | &nbsp;&nbsp; 9720 | 10097795 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 5240 | 5443308 |
| 5.30%, 02/26/54 | &nbsp;&nbsp; 8705 | 8470725 |
| 5.35%, 02/26/64 | &nbsp;&nbsp; 5105 | 4883845 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 8716 | 9151379 |
| 5.50%, 02/24/55 | &nbsp;&nbsp; 3720 | 3732370 |
| 5.90%, 02/15/39 | &nbsp;&nbsp; 9925 | 10852102 |
| Corning, Inc. |  |  |
| 3.90%, 11/15/49 | &nbsp;&nbsp; 2183 | 1731932 |
| 4.38%, 11/15/57 | &nbsp;&nbsp; 4052 | 3386225 |
| 4.70%, 03/15/37 | &nbsp;&nbsp; 1527 | 1505065 |
| 4.75%, 03/15/42 | &nbsp;&nbsp; 2560 | 2411205 |
| 5.35%, 11/15/48 | &nbsp;&nbsp; 2984 | 2950929 |
| 5.45%, 11/15/79 | &nbsp;&nbsp; 4623 | 4359388 |
| 5.75%, 08/15/40 | &nbsp;&nbsp; 2627 | 2787582 |
| 5.85%, 11/15/68 | &nbsp;&nbsp; 1970 | 1967325 |
| Deutsche Telekom International Finance BV |  |  |
| 8.75%, 06/15/30 | &nbsp;&nbsp; 17815 | 20882728 |
| 9.25%, 06/01/32 | &nbsp;&nbsp; 4392 | 5534060 |
| Frontier Florida LLC, Series E, 6.86%, <br> 02/01/28<br>| &nbsp;&nbsp; 20 | 20805 |
| Juniper Networks, Inc. |  |  |
| 2.00%, 12/10/30 | &nbsp;&nbsp; 3126 | 2807851 |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 3151 | 3096508 |
| 5.95%, 03/15/41 | &nbsp;&nbsp; 2569 | 2622743 |
| Koninklijke KPN NV, 8.38%, 10/01/30 | &nbsp;&nbsp; 1822 | 2137573 |
| Motorola Solutions, Inc. |  |  |
| 2.30%, 11/15/30 | &nbsp;&nbsp; 3491 | 3209623 |
| 2.75%, 05/24/31 | &nbsp;&nbsp; 5190 | 4814773 |
| 4.60%, 02/23/28 | &nbsp;&nbsp; 4360 | 4408034 |
| 4.60%, 05/23/29 | &nbsp;&nbsp; 4681 | 4751854 |
| 4.85%, 08/15/30 | &nbsp;&nbsp; 2030 | 2084221 |
| 5.00%, 04/15/29 | &nbsp;&nbsp; 2455 | 2523588 |
| 5.20%, 08/15/32 | &nbsp;&nbsp; 1670 | 1741080 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 4020 | 4195665 |
| 5.50%, 09/01/44 | &nbsp;&nbsp; 2398 | 2384499 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 2990 | 3146893 |
| 5.60%, 06/01/32 | &nbsp;&nbsp; 3240 | 3441003 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Nokia OYJ |  |  |
| 4.38%, 06/12/27 | &nbsp;&nbsp; $3828 | $3825598 |
| 6.63%, 05/15/39 | &nbsp;&nbsp; 2751 | 2978499 |
| Orange SA |  |  |
| 5.38%, 01/13/42 | &nbsp;&nbsp; 4189 | 4163247 |
| 5.50%, 02/06/44 | &nbsp;&nbsp; 4174 | 4223559 |
| 9.00%, 03/01/31 | &nbsp;&nbsp; 13375 | 16136816 |
| Rogers Communications, Inc. |  |  |
| 3.20%, 03/15/27 | &nbsp;&nbsp; 4190 | 4158732 |
| 3.70%, 11/15/49 | &nbsp;&nbsp; 3350 | 2531449 |
| 3.80%, 03/15/32 | &nbsp;&nbsp; 5315 | 5076683 |
| 4.30%, 02/15/48 | &nbsp;&nbsp; 3372 | 2754117 |
| 4.35%, 05/01/49 | &nbsp;&nbsp; 800 | 652788 |
| 4.50%, 03/15/42 | &nbsp;&nbsp; 3495 | 3047405 |
| 4.50%, 03/15/43 | &nbsp;&nbsp; 2603 | 2242736 |
| 4.55%, 03/15/52 | &nbsp;&nbsp; 8310 | 6807852 |
| 5.00%, 02/15/29 | &nbsp;&nbsp; 5186 | 5302257 |
| 5.00%, 03/15/44 | &nbsp;&nbsp; 4283 | 3893685 |
| 5.30%, 02/15/34 | &nbsp;&nbsp; 5375 | 5486080 |
| 5.45%, 10/01/43 | &nbsp;&nbsp; 2913 | 2794902 |
| 7.50%, 08/15/38 | &nbsp;&nbsp; 2691 | 3156994 |
| Sprint Capital Corp. |  |  |
| 6.88%, 11/15/28 | &nbsp;&nbsp; 5935 | 6373886 |
| 8.75%, 03/15/32 | &nbsp;&nbsp; 10350 | 12637770 |
| Telefonica Emisiones SA |  |  |
| 4.10%, 03/08/27 | &nbsp;&nbsp; 5864 | 5868268 |
| 4.67%, 03/06/38 | &nbsp;&nbsp; 2871 | 2668123 |
| 4.90%, 03/06/48 | &nbsp;&nbsp; 6048 | 5194427 |
| 5.21%, 03/08/47 | &nbsp;&nbsp; 11620 | 10427577 |
| 5.52%, 03/01/49<sup>(c)</sup> | &nbsp;&nbsp; 5300 | 4942043 |
| 7.05%, 06/20/36 | &nbsp;&nbsp; 9799 | 11086663 |
| Telefonica Europe BV, 8.25%, 09/15/30 | &nbsp;&nbsp; 6908 | 7974640 |
| TELUS Corp. |  |  |
| 3.40%, 05/13/32 | &nbsp;&nbsp; 5595 | 5228869 |
| 3.70%, 09/15/27 | &nbsp;&nbsp; 3658 | 3637140 |
| 4.60%, 11/16/48 | &nbsp;&nbsp; 170 | 147905 |
| T-Mobile USA, Inc. |  |  |
| 2.05%, 02/15/28 | &nbsp;&nbsp; 9210 | 8892321 |
| 2.25%, 11/15/31<sup>(c)</sup> | &nbsp;&nbsp; 6519 | 5850392 |
| 2.40%, 03/15/29 | &nbsp;&nbsp; 3588 | 3426624 |
| 2.55%, 02/15/31 | &nbsp;&nbsp; 13619 | 12603219 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 5785 | 5566354 |
| 2.70%, 03/15/32 | &nbsp;&nbsp; 5330 | 4852767 |
| 2.88%, 02/15/31 | &nbsp;&nbsp; 7180 | 6741372 |
| 3.00%, 02/15/41 | &nbsp;&nbsp; 13111 | 9968378 |
| 3.30%, 02/15/51 | &nbsp;&nbsp; 13714 | 9320720 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 10115 | 9930287 |
| 3.40%, 10/15/52 | &nbsp;&nbsp; 13430 | 9149168 |
| 3.50%, 04/15/31 | &nbsp;&nbsp; 19375 | 18705751 |
| 3.60%, 11/15/60 | &nbsp;&nbsp; 6983 | 4697468 |
| 3.75%, 04/15/27 | &nbsp;&nbsp; 19052 | 19029024 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 30737 | 30497874 |
| 4.20%, 10/01/29<sup>(c)</sup> | &nbsp;&nbsp; 4135 | 4166848 |
| 4.38%, 04/15/40 | &nbsp;&nbsp; 9650 | 8812519 |
| 4.50%, 04/15/50 | &nbsp;&nbsp; 12500 | 10485761 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 3550 | 3573076 |
| 4.70%, 01/15/35 | &nbsp;&nbsp; 5600 | 5565859 |
| 4.80%, 07/15/28 | &nbsp;&nbsp; 5365 | 5470105 |
| 4.85%, 01/15/29 | &nbsp;&nbsp; 5135 | 5260257 |
| 4.95%, 03/15/28<sup>(c)</sup> | &nbsp;&nbsp; 5645 | 5758661 |
| 4.95%, 11/15/35<sup>(c)</sup> | &nbsp;&nbsp; 4650 | 4692810 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.00%, 02/15/36 | &nbsp;&nbsp; $6015 | $6051892 |
| 5.05%, 07/15/33 | &nbsp;&nbsp; 11792 | 12159321 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 2600 | 2698467 |
| 5.15%, 04/15/34 | &nbsp;&nbsp; 5595 | 5773406 |
| 5.20%, 01/15/33<sup>(c)</sup> | &nbsp;&nbsp; 3595 | 3739338 |
| 5.25%, 06/15/55 | &nbsp;&nbsp; 4420 | 4077546 |
| 5.30%, 05/15/35 | &nbsp;&nbsp; 4850 | 5020045 |
| 5.50%, 01/15/55 | &nbsp;&nbsp; 3115 | 2973999 |
| 5.65%, 01/15/53 | &nbsp;&nbsp; 8005 | 7825738 |
| 5.70%, 01/15/56 | &nbsp;&nbsp; 5500 | 5403965 |
| 5.75%, 01/15/34 | &nbsp;&nbsp; 6740 | 7199930 |
| 5.75%, 01/15/54 | &nbsp;&nbsp; 5565 | 5515793 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 3415 | 3405800 |
| 5.85%, 02/15/56 | &nbsp;&nbsp; 4485 | 4498851 |
| 5.88%, 11/15/55 | &nbsp;&nbsp; 4810 | 4850923 |
| 6.00%, 06/15/54 | &nbsp;&nbsp; 3650 | 3740700 |
| 6.70%, 12/15/33<sup>(c)</sup> | &nbsp;&nbsp; 1500 | 1697253 |
| Verizon Communications, Inc. |  |  |
| 1.50%, 09/18/30 | &nbsp;&nbsp; 5917 | 5286989 |
| 1.68%, 10/30/30 | &nbsp;&nbsp; 6433 | 5769918 |
| 1.75%, 01/20/31 | &nbsp;&nbsp; 11770 | 10524132 |
| 2.10%, 03/22/28 | &nbsp;&nbsp; 13425 | 12964064 |
| 2.36%, 03/15/32 | &nbsp;&nbsp; 21412 | 19104916 |
| 2.55%, 03/21/31 | &nbsp;&nbsp; 14301 | 13229048 |
| 2.65%, 11/20/40 | &nbsp;&nbsp; 13903 | 10126177 |
| 2.85%, 09/03/41 | &nbsp;&nbsp; 5182 | 3792039 |
| 2.88%, 11/20/50 | &nbsp;&nbsp; 13229 | 8370049 |
| 2.99%, 10/30/56 | &nbsp;&nbsp; 17169 | 10454078 |
| 3.00%, 11/20/60<sup>(c)</sup> | &nbsp;&nbsp; 6052 | 3607876 |
| 3.15%, 03/22/30 | &nbsp;&nbsp; 8329 | 8059888 |
| 3.40%, 03/22/41 | &nbsp;&nbsp; 14820 | 11792729 |
| 3.55%, 03/22/51 | &nbsp;&nbsp; 20173 | 14617924 |
| 3.70%, 03/22/61 | &nbsp;&nbsp; 16020 | 11058420 |
| 3.85%, 11/01/42 | &nbsp;&nbsp; 4576 | 3767857 |
| 3.88%, 02/08/29 | &nbsp;&nbsp; 7232 | 7237135 |
| 3.88%, 03/01/52 | &nbsp;&nbsp; 5060 | 3811942 |
| 4.00%, 03/22/50 | &nbsp;&nbsp; 6227 | 4885080 |
| 4.02%, 12/03/29 | &nbsp;&nbsp; 16479 | 16494371 |
| 4.13%, 08/15/46 | &nbsp;&nbsp; 4637 | 3794255 |
| 4.27%, 01/15/36 | &nbsp;&nbsp; 4720 | 4480701 |
| 4.33%, 09/21/28 | &nbsp;&nbsp; 15586 | 15749303 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 10304 | 10083799 |
| 4.50%, 08/10/33 | &nbsp;&nbsp; 11842 | 11805787 |
| 4.52%, 09/15/48 | &nbsp;&nbsp; 5120 | 4350206 |
| 4.67%, 03/15/55 | &nbsp;&nbsp; 4083 | 3444338 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 4680 | 4746084 |
| 4.75%, 11/01/41 | &nbsp;&nbsp; 3398 | 3150623 |
| 4.78%, 02/15/35 | &nbsp;&nbsp; 4740 | 4719074 |
| 4.81%, 03/15/39 | &nbsp;&nbsp; 5642 | 5441582 |
| 4.86%, 08/21/46 | &nbsp;&nbsp; 11324 | 10190662 |
| 5.00%, 01/15/36 | &nbsp;&nbsp; 13875 | 13936428 |
| 5.01%, 04/15/49 | &nbsp;&nbsp; 3865 | 3524338 |
| 5.01%, 08/21/54 | &nbsp;&nbsp; 4193 | 3738100 |
| 5.05%, 05/09/33<sup>(c)</sup> | &nbsp;&nbsp; 4355 | 4512915 |
| 5.25%, 04/02/35 | &nbsp;&nbsp; 7895 | 8129495 |
| 5.25%, 03/16/37 | &nbsp;&nbsp; 5412 | 5510030 |
| 5.40%, 07/02/37 | &nbsp;&nbsp; 12381 | 12715384 |
| 5.50%, 03/16/47 | &nbsp;&nbsp; 2846 | 2812418 |
| 5.50%, 02/23/54<sup>(c)</sup> | &nbsp;&nbsp; 4123 | 4020042 |
| 5.75%, 11/30/45 | &nbsp;&nbsp; 9075 | 9172525 |
| 5.85%, 09/15/35 | &nbsp;&nbsp; 3847 | 4166038 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.88%, 11/30/55 | &nbsp;&nbsp; $6115 | $6143877 |
| 6.00%, 11/30/65 | &nbsp;&nbsp; 6245 | 6268058 |
| 6.40%, 09/15/33 | &nbsp;&nbsp; 1770 | 1976672 |
| 6.55%, 09/15/43 | &nbsp;&nbsp; 4148 | 4615974 |
| 7.75%, 12/01/30 | &nbsp;&nbsp; 3817 | 4397417 |
| Vodafone Group PLC |  |  |
| 4.25%, 09/17/50 | &nbsp;&nbsp; 4529 | 3634086 |
| 4.38%, 05/30/28 | &nbsp;&nbsp; 1120 | 1137353 |
| 4.38%, 02/19/43 | &nbsp;&nbsp; 2305 | 2007810 |
| 4.88%, 06/19/49 | &nbsp;&nbsp; 6848 | 6112351 |
| 5.00%, 05/30/38<sup>(c)</sup> | &nbsp;&nbsp; 2693 | 2701190 |
| 5.13%, 06/19/59 | &nbsp;&nbsp; 50 | 45757 |
| 5.25%, 05/30/48 | &nbsp;&nbsp; 4335 | 4082934 |
| 5.63%, 02/10/53 | &nbsp;&nbsp; 4535 | 4405801 |
| 5.75%, 06/28/54 | &nbsp;&nbsp; 7480 | 7367145 |
| 5.75%, 02/10/63 | &nbsp;&nbsp; 2065 | 1998688 |
| 5.88%, 06/28/64 | &nbsp;&nbsp; 4410 | 4339026 |
| 6.15%, 02/27/37 | &nbsp;&nbsp; 5620 | 6186706 |
| 6.25%, 11/30/32 | &nbsp;&nbsp; 4023 | 4421308 |
| 7.88%, 02/15/30 | &nbsp;&nbsp; 4180 | 4768014 |
|  |  | 1545319596 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro, Inc. |  |  |
| 3.50%, 09/15/27 | &nbsp;&nbsp; 3534 | 3509547 |
| 3.90%, 11/19/29 | &nbsp;&nbsp; 4264 | 4227175 |
| 5.10%, 05/15/44 | &nbsp;&nbsp; 1656 | 1526943 |
| 6.05%, 05/14/34 | &nbsp;&nbsp; 2525 | 2711515 |
| 6.35%, 03/15/40 | &nbsp;&nbsp; 2784 | 3008109 |
| Mattel, Inc. |  |  |
| 5.00%, 11/17/30 | &nbsp;&nbsp; 1605 | 1628773 |
| 5.45%, 11/01/41 | &nbsp;&nbsp; 1715 | 1624266 |
|  |  | 18236328 |
| **Transportation — 0.5%** | **Transportation — 0.5%** | **Transportation — 0.5%** |
| Burlington Northern Santa Fe LLC |  |  |
| 2.88%, 06/15/52 | &nbsp;&nbsp; 3769 | 2408959 |
| 3.05%, 02/15/51 | &nbsp;&nbsp; 3197 | 2147780 |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 6461 | 6430057 |
| 3.30%, 09/15/51 | &nbsp;&nbsp; 4580 | 3215427 |
| 3.55%, 02/15/50 | &nbsp;&nbsp; 4361 | 3255447 |
| 3.90%, 08/01/46 | &nbsp;&nbsp; 3673 | 2997950 |
| 4.05%, 06/15/48 | &nbsp;&nbsp; 3964 | 3257201 |
| 4.13%, 06/15/47 | &nbsp;&nbsp; 3855 | 3232316 |
| 4.15%, 04/01/45 | &nbsp;&nbsp; 4723 | 4022782 |
| 4.15%, 12/15/48 | &nbsp;&nbsp; 3600 | 3000280 |
| 4.38%, 09/01/42 | &nbsp;&nbsp; 2237 | 2013045 |
| 4.40%, 03/15/42 | &nbsp;&nbsp; 2862 | 2603131 |
| 4.45%, 03/15/43 | &nbsp;&nbsp; 3770 | 3397443 |
| 4.45%, 01/15/53 | &nbsp;&nbsp; 3215 | 2753824 |
| 4.55%, 09/01/44 | &nbsp;&nbsp; 3838 | 3466516 |
| 4.70%, 09/01/45 | &nbsp;&nbsp; 3039 | 2800181 |
| 4.90%, 04/01/44 | &nbsp;&nbsp; 3794 | 3614585 |
| 4.95%, 09/15/41 | &nbsp;&nbsp; 2113 | 2083788 |
| 5.05%, 03/01/41 | &nbsp;&nbsp; 2809 | 2809266 |
| 5.15%, 09/01/43 | &nbsp;&nbsp; 3425 | 3364334 |
| 5.20%, 04/15/54 | &nbsp;&nbsp; 6580 | 6279013 |
| 5.40%, 06/01/41 | &nbsp;&nbsp; 2522 | 2598823 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 5280 | 5259279 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 3395 | 3407781 |
| 5.75%, 05/01/40 | &nbsp;&nbsp; 3836 | 4099462 |
| 5.80%, 03/15/56 | &nbsp;&nbsp; 4580 | 4764199 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 6.15%, 05/01/37 | &nbsp;&nbsp; $3398 | $3808945 |
| 6.20%, 08/15/36 | &nbsp;&nbsp; 1800 | 2014135 |
| Canadian National Railway Co. |  |  |
| 2.45%, 05/01/50 | &nbsp;&nbsp; 3307 | 2010210 |
| 3.20%, 08/02/46 | &nbsp;&nbsp; 2934 | 2166348 |
| 3.65%, 02/03/48 | &nbsp;&nbsp; 3299 | 2557048 |
| 3.85%, 08/05/32 | &nbsp;&nbsp; 3865 | 3782681 |
| 4.20%, 03/12/31 | &nbsp;&nbsp; 1690 | 1700988 |
| 4.38%, 09/18/34 | &nbsp;&nbsp; 2545 | 2530879 |
| 4.40%, 08/05/52 | &nbsp;&nbsp; 2920 | 2526421 |
| 4.45%, 01/20/49 | &nbsp;&nbsp; 3672 | 3202161 |
| 4.75%, 11/12/35 | &nbsp;&nbsp; 1200 | 1217856 |
| 5.85%, 11/01/33 | &nbsp;&nbsp; 1735 | 1891154 |
| 6.13%, 11/01/53 | &nbsp;&nbsp; 1910 | 2075186 |
| 6.20%, 06/01/36 | &nbsp;&nbsp; 2350 | 2628927 |
| 6.25%, 08/01/34 | &nbsp;&nbsp; 3380 | 3783694 |
| 6.38%, 11/15/37 | &nbsp;&nbsp; 2682 | 3044589 |
| 6.90%, 07/15/28 | &nbsp;&nbsp; 3795 | 4056557 |
| Canadian Pacific Railway Co. |  |  |
| 2.05%, 03/05/30 | &nbsp;&nbsp; 3131 | 2905391 |
| 2.45%, 12/02/31 | &nbsp;&nbsp; 6125 | 5575283 |
| 2.88%, 11/15/29 | &nbsp;&nbsp; 2858 | 2758544 |
| 3.00%, 12/02/41 | &nbsp;&nbsp; 4922 | 3765432 |
| 3.10%, 12/02/51 | &nbsp;&nbsp; 8232 | 5618755 |
| 3.50%, 05/01/50 | &nbsp;&nbsp; 2700 | 1994928 |
| 4.00%, 06/01/28 | &nbsp;&nbsp; 3525 | 3534236 |
| 4.20%, 11/15/69 | &nbsp;&nbsp; 1872 | 1434333 |
| 4.30%, 05/15/43 | &nbsp;&nbsp; 2506 | 2224464 |
| 4.70%, 05/01/48 | &nbsp;&nbsp; 2390 | 2169268 |
| 4.80%, 03/30/30 | &nbsp;&nbsp; 2675 | 2751868 |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 2168 | 2200612 |
| 4.80%, 08/01/45 | &nbsp;&nbsp; 2667 | 2519068 |
| 4.95%, 08/15/45 | &nbsp;&nbsp; 2292 | 2186879 |
| 5.20%, 03/30/35 | &nbsp;&nbsp; 2700 | 2825208 |
| 5.95%, 05/15/37 | &nbsp;&nbsp; 2673 | 2932160 |
| 6.13%, 09/15/2115 | &nbsp;&nbsp; 4064 | 4214972 |
| 7.13%, 10/15/31 | &nbsp;&nbsp; 1958 | 2234796 |
| CH Robinson Worldwide, Inc., 4.20%, <br> 04/15/28<br>| &nbsp;&nbsp; 4520 | 4532159 |
| CSX Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 2978 | 2810283 |
| 2.50%, 05/15/51 | &nbsp;&nbsp; 2366 | 1441466 |
| 3.25%, 06/01/27 | &nbsp;&nbsp; 6106 | 6067836 |
| 3.35%, 09/15/49 | &nbsp;&nbsp; 2874 | 2064381 |
| 3.80%, 03/01/28 | &nbsp;&nbsp; 4231 | 4233995 |
| 3.80%, 11/01/46 | &nbsp;&nbsp; 4104 | 3278927 |
| 3.80%, 04/15/50 | &nbsp;&nbsp; 2841 | 2207101 |
| 3.95%, 05/01/50 | &nbsp;&nbsp; 3041 | 2408226 |
| 4.10%, 11/15/32 | &nbsp;&nbsp; 4141 | 4124674 |
| 4.10%, 03/15/44 | &nbsp;&nbsp; 4098 | 3527024 |
| 4.25%, 03/15/29 | &nbsp;&nbsp; 5440 | 5508680 |
| 4.25%, 11/01/66 | &nbsp;&nbsp; 2843 | 2225727 |
| 4.30%, 03/01/48 | &nbsp;&nbsp; 4080 | 3473610 |
| 4.40%, 03/01/43 | &nbsp;&nbsp; 2055 | 1862915 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 1941 | 1689595 |
| 4.50%, 11/15/52 | &nbsp;&nbsp; 3786 | 3280331 |
| 4.50%, 08/01/54 | &nbsp;&nbsp; 2084 | 1786913 |
| 4.65%, 03/01/68 | &nbsp;&nbsp; 2350 | 1972148 |
| 4.75%, 05/30/42 | &nbsp;&nbsp; 3075 | 2903709 |
| 4.75%, 11/15/48 | &nbsp;&nbsp; 3476 | 3134357 |
| 4.90%, 03/15/55 | &nbsp;&nbsp; 790 | 722686 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 5.05%, 06/15/35 | &nbsp;&nbsp; $4055 | $4178920 |
| 5.20%, 11/15/33 | &nbsp;&nbsp; 3520 | 3699889 |
| 5.50%, 04/15/41 | &nbsp;&nbsp; 2604 | 2704111 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 2700 | 2962961 |
| 6.15%, 05/01/37 | &nbsp;&nbsp; 3530 | 3919445 |
| 6.22%, 04/30/40 | &nbsp;&nbsp; 3008 | 3345924 |
| Federal Express Corp. Pass-Through Trusts, <br> Series 2020-1, Class AA, 1.88%, 08/20/35<br>| &nbsp;&nbsp; 5396 | 4751502 |
| FedEx Corp. |  |  |
| 2.40%, 05/15/31<sup>(c)</sup> | &nbsp;&nbsp; 3440 | 3169704 |
| 2.40%, 05/15/31 | &nbsp;&nbsp; 1345 | 1235711 |
| 3.10%, 08/05/29 | &nbsp;&nbsp; 5209 | 5052888 |
| 3.25%, 05/15/41 | &nbsp;&nbsp; 1145 | 901622 |
| 3.40%, 02/15/28 | &nbsp;&nbsp; 70 | 69291 |
| 3.88%, 08/01/42 | &nbsp;&nbsp; 290 | 239959 |
| 3.90%, 02/01/35 | &nbsp;&nbsp; 800 | 763441 |
| 4.05%, 02/15/48 | &nbsp;&nbsp; 2740 | 2180099 |
| 4.10%, 04/15/43 | &nbsp;&nbsp; 210 | 176498 |
| 4.10%, 02/01/45 | &nbsp;&nbsp; 210 | 173622 |
| 4.25%, 05/15/30 | &nbsp;&nbsp; 4235 | 4272962 |
| 4.40%, 01/15/47 | &nbsp;&nbsp; 530 | 448605 |
| 4.55%, 04/01/46 | &nbsp;&nbsp; 1610 | 1399225 |
| 4.75%, 11/15/45 | &nbsp;&nbsp; 7216 | 6449202 |
| 4.90%, 01/15/34 | &nbsp;&nbsp; 1225 | 1252816 |
| 4.95%, 10/17/48<sup>(c)</sup> | &nbsp;&nbsp; 3116 | 2774696 |
| 4.95%, 10/17/48 | &nbsp;&nbsp; 675 | 615558 |
| 5.25%, 05/15/50<sup>(c)</sup> | &nbsp;&nbsp; 3071 | 2938494 |
| 5.25%, 05/15/50 | &nbsp;&nbsp; 2695 | 2581257 |
| Fedex Freight Holding Co., Inc. |  |  |
| 4.65%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 160 | 160866 |
| 4.95%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 210 | 209870 |
| 5.25%, 03/15/36<sup>(b)</sup> | &nbsp;&nbsp; 160 | 159456 |
| GXO Logistics, Inc. |  |  |
| 2.65%, 07/15/31 | &nbsp;&nbsp; 2852 | 2609340 |
| 6.25%, 05/06/29 | &nbsp;&nbsp; 3520 | 3719847 |
| 6.50%, 05/06/34 | &nbsp;&nbsp; 2690 | 2932159 |
| JB Hunt Transport Services, Inc., 4.90%, <br> 03/15/30<br>| &nbsp;&nbsp; 420 | 431775 |
| Kirby Corp., 4.20%, 03/01/28 | &nbsp;&nbsp; 3147 | 3156436 |
| Norfolk Southern Corp. |  |  |
| 2.30%, 05/15/31 | &nbsp;&nbsp; 3310 | 3023205 |
| 2.55%, 11/01/29<sup>(c)</sup> | &nbsp;&nbsp; 2556 | 2436454 |
| 2.90%, 08/25/51 | &nbsp;&nbsp; 3268 | 2090353 |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 3440 | 3211627 |
| 3.05%, 05/15/50 | &nbsp;&nbsp; 3937 | 2636198 |
| 3.15%, 06/01/27 | &nbsp;&nbsp; 2209 | 2190561 |
| 3.16%, 05/15/55 | &nbsp;&nbsp; 3836 | 2515773 |
| 3.40%, 11/01/49 | &nbsp;&nbsp; 2034 | 1466986 |
| 3.70%, 03/15/53 | &nbsp;&nbsp; 2126 | 1568977 |
| 3.80%, 08/01/28 | &nbsp;&nbsp; 3949 | 3947155 |
| 3.94%, 11/01/47 | &nbsp;&nbsp; 3439 | 2756593 |
| 3.95%, 10/01/42 | &nbsp;&nbsp; 3022 | 2562391 |
| 4.05%, 08/15/52 | &nbsp;&nbsp; 3374 | 2661353 |
| 4.10%, 05/15/49 | &nbsp;&nbsp; 1980 | 1603791 |
| 4.10%, 05/15/2121 | &nbsp;&nbsp; 2715 | 1899192 |
| 4.15%, 02/28/48 | &nbsp;&nbsp; 3455 | 2851026 |
| 4.45%, 03/01/33 | &nbsp;&nbsp; 2654 | 2671971 |
| 4.45%, 06/15/45 | &nbsp;&nbsp; 2812 | 2474786 |
| 4.55%, 06/01/53 | &nbsp;&nbsp; 3265 | 2793730 |
| 4.65%, 01/15/46 | &nbsp;&nbsp; 2569 | 2299798 |
| 4.84%, 10/01/41 | &nbsp;&nbsp; 2697 | 2584993 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 5.05%, 08/01/30 | &nbsp;&nbsp; $3335 | $3468023 |
| 5.10%, 05/01/35 | &nbsp;&nbsp; 2195 | 2265024 |
| 5.10%, 08/01/2118 | &nbsp;&nbsp; 1675 | 1473235 |
| 5.35%, 08/01/54<sup>(c)</sup> | &nbsp;&nbsp; 4135 | 3999247 |
| 5.55%, 03/15/34 | &nbsp;&nbsp; 2240 | 2380983 |
| 5.95%, 03/15/64 | &nbsp;&nbsp; 2737 | 2824640 |
| 7.80%, 05/15/27 | &nbsp;&nbsp; 3232 | 3383257 |
| Ryder System, Inc. |  |  |
| 2.85%, 03/01/27 | &nbsp;&nbsp; 2869 | 2840737 |
| 4.30%, 06/15/27 | &nbsp;&nbsp; 2200 | 2209102 |
| 4.30%, 12/01/30 | &nbsp;&nbsp; 1070 | 1074190 |
| 4.85%, 06/15/30<sup>(c)</sup> | &nbsp;&nbsp; 1895 | 1945679 |
| 4.90%, 12/01/29 | &nbsp;&nbsp; 1515 | 1556217 |
| 4.95%, 09/01/29 | &nbsp;&nbsp; 1610 | 1651964 |
| 5.00%, 03/15/30 | &nbsp;&nbsp; 1150 | 1184165 |
| 5.25%, 06/01/28 | &nbsp;&nbsp; 3242 | 3331320 |
| 5.30%, 03/15/27 | &nbsp;&nbsp; 2143 | 2171065 |
| 5.38%, 03/15/29 | &nbsp;&nbsp; 2525 | 2618468 |
| 5.50%, 06/01/29 | &nbsp;&nbsp; 1775 | 1849866 |
| 5.65%, 03/01/28 | &nbsp;&nbsp; 3241 | 3340139 |
| 6.30%, 12/01/28 | &nbsp;&nbsp; 2240 | 2370473 |
| 6.60%, 12/01/33 | &nbsp;&nbsp; 3145 | 3542692 |
| Union Pacific Corp. |  |  |
| 2.38%, 05/20/31 | &nbsp;&nbsp; 4470 | 4130341 |
| 2.40%, 02/05/30 | &nbsp;&nbsp; 4430 | 4189783 |
| 2.80%, 02/14/32 | &nbsp;&nbsp; 6342 | 5900540 |
| 2.89%, 04/06/36 | &nbsp;&nbsp; 4122 | 3540113 |
| 2.95%, 03/10/52 | &nbsp;&nbsp; 4380 | 2838470 |
| 2.97%, 09/16/62 | &nbsp;&nbsp; 4310 | 2587003 |
| 3.00%, 04/15/27 | &nbsp;&nbsp; 4150 | 4120749 |
| 3.20%, 05/20/41 | &nbsp;&nbsp; 4375 | 3501273 |
| 3.25%, 02/05/50 | &nbsp;&nbsp; 8396 | 5897259 |
| 3.35%, 08/15/46 | &nbsp;&nbsp; 2571 | 1909130 |
| 3.38%, 02/01/35 | &nbsp;&nbsp; 2386 | 2185953 |
| 3.38%, 02/14/42 | &nbsp;&nbsp; 2400 | 1924827 |
| 3.50%, 02/14/53 | &nbsp;&nbsp; 6245 | 4508945 |
| 3.55%, 08/15/39 | &nbsp;&nbsp; 2605 | 2262415 |
| 3.55%, 05/20/61 | &nbsp;&nbsp; 2959 | 2040047 |
| 3.60%, 09/15/37 | &nbsp;&nbsp; 2731 | 2466238 |
| 3.70%, 03/01/29 | &nbsp;&nbsp; 4518 | 4504968 |
| 3.75%, 02/05/70 | &nbsp;&nbsp; 3380 | 2338618 |
| 3.80%, 10/01/51 | &nbsp;&nbsp; 4703 | 3611325 |
| 3.80%, 04/06/71 | &nbsp;&nbsp; 4135 | 2901560 |
| 3.84%, 03/20/60 | &nbsp;&nbsp; 7991 | 5881488 |
| 3.85%, 02/14/72 | &nbsp;&nbsp; 2135 | 1506915 |
| 3.88%, 02/01/55 | &nbsp;&nbsp; 2270 | 1735536 |
| 3.95%, 09/10/28 | &nbsp;&nbsp; 6219 | 6246094 |
| 3.95%, 08/15/59 | &nbsp;&nbsp; 2731 | 2075873 |
| 4.00%, 04/15/47 | &nbsp;&nbsp; 2754 | 2254913 |
| 4.05%, 11/15/45 | &nbsp;&nbsp; 2531 | 2118636 |
| 4.05%, 03/01/46 | &nbsp;&nbsp; 3035 | 2519008 |
| 4.10%, 09/15/67<sup>(c)</sup> | &nbsp;&nbsp; 2771 | 2080830 |
| 4.30%, 03/01/49 | &nbsp;&nbsp; 3046 | 2582095 |
| 4.50%, 01/20/33 | &nbsp;&nbsp; 5015 | 5110394 |
| 4.50%, 09/10/48 | &nbsp;&nbsp; 2288 | 2004803 |
| 4.95%, 09/09/52 | &nbsp;&nbsp; 495 | 460905 |
| 4.95%, 05/15/53 | &nbsp;&nbsp; 2390 | 2204704 |
| 5.10%, 02/20/35<sup>(c)</sup> | &nbsp;&nbsp; 3915 | 4082620 |
| 5.15%, 01/20/63 | &nbsp;&nbsp; 2003 | 1857176 |
| 5.60%, 12/01/54 | &nbsp;&nbsp; 3605 | 3642972 |
| 6.63%, 02/01/29 | &nbsp;&nbsp; 4015 | 4343545 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| United Parcel Service, Inc. |  |  |
| 2.50%, 09/01/29 | &nbsp;&nbsp; $2905 | $2784254 |
| 3.05%, 11/15/27 | &nbsp;&nbsp; 7566 | 7497359 |
| 3.40%, 03/15/29 | &nbsp;&nbsp; 4461 | 4420937 |
| 3.40%, 11/15/46 | &nbsp;&nbsp; 2061 | 1554757 |
| 3.40%, 09/01/49 | &nbsp;&nbsp; 3316 | 2408408 |
| 3.63%, 10/01/42 | &nbsp;&nbsp; 2720 | 2236973 |
| 3.75%, 11/15/47 | &nbsp;&nbsp; 4627 | 3635909 |
| 4.25%, 03/15/49 | &nbsp;&nbsp; 3508 | 2933147 |
| 4.45%, 04/01/30 | &nbsp;&nbsp; 3222 | 3295976 |
| 4.65%, 10/15/30<sup>(c)</sup> | &nbsp;&nbsp; 2450 | 2529931 |
| 4.88%, 03/03/33 | &nbsp;&nbsp; 4745 | 4947763 |
| 4.88%, 11/15/40 | &nbsp;&nbsp; 3593 | 3542339 |
| 5.05%, 03/03/53 | &nbsp;&nbsp; 4820 | 4461988 |
| 5.15%, 05/22/34 | &nbsp;&nbsp; 3965 | 4175607 |
| 5.20%, 04/01/40<sup>(c)</sup> | &nbsp;&nbsp; 2889 | 2964452 |
| 5.25%, 05/14/35<sup>(c)</sup> | &nbsp;&nbsp; 3590 | 3771527 |
| 5.30%, 04/01/50 | &nbsp;&nbsp; 5507 | 5359958 |
| 5.50%, 05/22/54 | &nbsp;&nbsp; 4775 | 4719738 |
| 5.60%, 05/22/64 | &nbsp;&nbsp; 2915 | 2876832 |
| 5.95%, 05/14/55 | &nbsp;&nbsp; 5690 | 5966927 |
| 6.05%, 05/14/65 | &nbsp;&nbsp; 4295 | 4495704 |
| 6.20%, 01/15/38 | &nbsp;&nbsp; 7197 | 8088994 |
| Walmart, Inc. |  |  |
| 1.50%, 09/22/28 | &nbsp;&nbsp; 6628 | 6298256 |
| 1.80%, 09/22/31 | &nbsp;&nbsp; 8777 | 7913279 |
| 3.95%, 09/09/27 | &nbsp;&nbsp; 4075 | 4097232 |
|  |  | 659795449 |
| **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** |
| GATX Corp. |  |  |
| 1.90%, 06/01/31 | &nbsp;&nbsp; 1841 | 1633209 |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 1775 | 1167569 |
| 3.50%, 03/15/28 | &nbsp;&nbsp; 1842 | 1822733 |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 1943 | 1838901 |
| 3.85%, 03/30/27 | &nbsp;&nbsp; 2642 | 2637306 |
| 4.00%, 06/30/30<sup>(c)</sup> | &nbsp;&nbsp; 2260 | 2243161 |
| 4.55%, 11/07/28 | &nbsp;&nbsp; 1293 | 1309733 |
| 4.70%, 04/01/29 | &nbsp;&nbsp; 1967 | 2002146 |
| 4.90%, 03/15/33 | &nbsp;&nbsp; 3055 | 3106052 |
| 5.20%, 03/15/44<sup>(c)</sup> | &nbsp;&nbsp; 1147 | 1103871 |
| 5.40%, 03/15/27 | &nbsp;&nbsp; 1095 | 1110627 |
| 5.45%, 09/15/33 | &nbsp;&nbsp; 2375 | 2490424 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 3170 | 3293795 |
| 6.05%, 03/15/34 | &nbsp;&nbsp; 2632 | 2854970 |
| 6.05%, 06/05/54 | &nbsp;&nbsp; 3780 | 3903698 |
| 6.90%, 05/01/34 | &nbsp;&nbsp; 2075 | 2356118 |
|  |  | 34874313 |
| **Venture Capital — 0.0%** | **Venture Capital — 0.0%** | **Venture Capital — 0.0%** |
| Hercules Capital, Inc., 6.00%, 06/16/30<sup>(c)</sup> | &nbsp;&nbsp; 900 | 896359 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| 2.30%, 06/01/31 | &nbsp;&nbsp; 2685 | 2456758 |
| 2.80%, 05/01/30 | &nbsp;&nbsp; 3249 | 3106903 |
| 2.95%, 09/01/27 | &nbsp;&nbsp; 2530 | 2500509 |
| 3.25%, 06/01/51 | &nbsp;&nbsp; 3471 | 2400414 |
| 3.45%, 06/01/29 | &nbsp;&nbsp; 3926 | 3874745 |
| 3.45%, 05/01/50 | &nbsp;&nbsp; 3599 | 2603589 |
| 3.75%, 09/01/28 | &nbsp;&nbsp; 2417 | 2414105 |
| 3.75%, 09/01/47 | &nbsp;&nbsp; 4495 | 3501212 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 2175 | 1750296 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Water (continued)** | **Water (continued)** | **Water (continued)** |
| 4.15%, 06/01/49 | &nbsp;&nbsp; $3406 | $2767540 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 2192 | 1814863 |
| 4.30%, 12/01/42 | &nbsp;&nbsp; 1529 | 1370611 |
| 4.30%, 09/01/45 | &nbsp;&nbsp; 2421 | 2090046 |
| 4.45%, 06/01/32 | &nbsp;&nbsp; 3015 | 3043622 |
| 5.15%, 03/01/34 | &nbsp;&nbsp; 1925 | 2001785 |
| 5.25%, 03/01/35 | &nbsp;&nbsp; 3725 | 3871860 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 2460 | 2423297 |
| 5.70%, 09/01/55 | &nbsp;&nbsp; 4120 | 4172059 |
| 6.59%, 10/15/37 | &nbsp;&nbsp; 1180 | 1357280 |
| Essential Utilities, Inc. |  |  |
| 2.40%, 05/01/31 | &nbsp;&nbsp; 2824 | 2577967 |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 2611 | 2469951 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 3404 | 2385143 |
| 3.57%, 05/01/29 | &nbsp;&nbsp; 1517 | 1494755 |
| 4.28%, 05/01/49 | &nbsp;&nbsp; 3455 | 2847124 |
| 4.80%, 08/15/27 | &nbsp;&nbsp; 1625 | 1643093 |
| 5.25%, 08/15/35 | &nbsp;&nbsp; 1200 | 1231191 |
| 5.30%, 05/01/52 | &nbsp;&nbsp; 2720 | 2565306 |
| 5.38%, 01/15/34 | &nbsp;&nbsp; 1075 | 1118613 |
| United Utilities PLC, 6.88%, 08/15/28 | &nbsp;&nbsp; 1071 | 1139590 |
|  |  | 68994227 |
| **Total Corporate Bonds & Notes — 24.6%** <br>**(Cost: $36,006,206,802)** | **Total Corporate Bonds & Notes — 24.6%** <br>**(Cost: $36,006,206,802)** | 34743838822 |
| **Foreign Government Obligations**<sup>(f)</sup> | **Foreign Government Obligations**<sup>(f)</sup> | **Foreign Government Obligations**<sup>(f)</sup> |
| **Canada — 0.2%** | **Canada — 0.2%** | **Canada — 0.2%** |
| Canada Government International Bonds |  |  |
| 3.75%, 04/26/28 | &nbsp;&nbsp; 3290 | 3312319 |
| 4.00%, 03/18/30 | &nbsp;&nbsp; 10360 | 10555330 |
| 4.63%, 04/30/29 | &nbsp;&nbsp; 1845 | 1910707 |
| Export Development Canada |  |  |
| 3.00%, 05/25/27 | &nbsp;&nbsp; 985 | 979235 |
| 3.75%, 09/07/27 | &nbsp;&nbsp; 360 | 361551 |
| 3.88%, 02/14/28 | &nbsp;&nbsp; 1005 | 1013086 |
| 4.00%, 06/20/30 | &nbsp;&nbsp; 5320 | 5418240 |
| 4.13%, 02/13/29 | &nbsp;&nbsp; 14930 | 15219684 |
| 4.75%, 06/05/34 | &nbsp;&nbsp; 4045 | 4297518 |
| Hydro-Quebec |  |  |
| Series HH, 8.50%, 12/01/29 | &nbsp;&nbsp; 1310 | 1523286 |
| Series HK, 9.38%, 04/15/30 | &nbsp;&nbsp; 1595 | 1931749 |
| Series HQ, 9.50%, 11/15/30 | &nbsp;&nbsp; 290 | 358272 |
| Province of Alberta Canada |  |  |
| 1.30%, 07/22/30 | &nbsp;&nbsp; 6217 | 5632461 |
| 3.30%, 03/15/28 | &nbsp;&nbsp; 6160 | 6134392 |
| 4.30%, 11/02/35<sup>(c)</sup> | &nbsp;&nbsp; 7335 | 7385818 |
| 4.50%, 06/26/29 | &nbsp;&nbsp; 6840 | 7039591 |
| 4.50%, 01/24/34 | &nbsp;&nbsp; 5230 | 5387870 |
| Province of British Columbia Canada |  |  |
| 1.30%, 01/29/31<sup>(c)</sup> | &nbsp;&nbsp; 4405 | 3933190 |
| 3.90%, 08/27/30<sup>(c)</sup> | &nbsp;&nbsp; 150 | 151627 |
| 4.20%, 07/06/33<sup>(c)</sup> | &nbsp;&nbsp; 12190 | 12328548 |
| 4.70%, 01/24/28 | &nbsp;&nbsp; 1440 | 1471417 |
| 4.75%, 06/12/34 | &nbsp;&nbsp; 10730 | 11218654 |
| 4.80%, 11/15/28 | &nbsp;&nbsp; 8860 | 9153987 |
| 4.80%, 06/11/35<sup>(c)</sup> | &nbsp;&nbsp; 12445 | 13001247 |
| 4.90%, 04/24/29 | &nbsp;&nbsp; 11005 | 11448560 |
| 7.25%, 09/01/36 | &nbsp;&nbsp; 388 | 480355 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Canada (continued)** | **Canada (continued)** | **Canada (continued)** |
| Province of Manitoba Canada |  |  |
| 1.50%, 10/25/28 | &nbsp;&nbsp; $410 | $389180 |
| 4.30%, 07/27/33 | &nbsp;&nbsp; 145 | 147213 |
| 4.90%, 05/31/34 | &nbsp;&nbsp; 7450 | 7856593 |
| Province of New Brunswick Canada, 3.63%, <br> 02/24/28<br>| &nbsp;&nbsp; 2031 | 2028795 |
| Province of Ontario Canada |  |  |
| 1.05%, 05/21/27 | &nbsp;&nbsp; 1585 | 1538574 |
| 1.13%, 10/07/30 | &nbsp;&nbsp; 6752 | 6036827 |
| 1.60%, 02/25/31 | &nbsp;&nbsp; 6735 | 6099640 |
| 1.80%, 10/14/31 | &nbsp;&nbsp; 3965 | 3573396 |
| 2.00%, 10/02/29<sup>(c)</sup> | &nbsp;&nbsp; 5735 | 5435230 |
| 2.13%, 01/21/32 | &nbsp;&nbsp; 6195 | 5644090 |
| 3.10%, 05/19/27 | &nbsp;&nbsp; 6635 | 6602826 |
| 3.70%, 09/17/29 | &nbsp;&nbsp; 10000 | 10044573 |
| 3.80%, 01/29/29 | &nbsp;&nbsp; 280 | 282299 |
| 3.90%, 09/04/30 | &nbsp;&nbsp; 160 | 161797 |
| 4.20%, 01/18/29 | &nbsp;&nbsp; 10340 | 10536523 |
| 4.45%, 11/20/35 | &nbsp;&nbsp; 420 | 427854 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 1375 | 1429518 |
| 4.85%, 06/11/35 | &nbsp;&nbsp; 9260 | 9729487 |
| 5.05%, 04/24/34<sup>(c)</sup> | &nbsp;&nbsp; 8375 | 8944149 |
| Province of Quebec Canada |  |  |
| 1.35%, 05/28/30 | &nbsp;&nbsp; 7293 | 6630677 |
| 1.90%, 04/21/31 | &nbsp;&nbsp; 2135 | 1953823 |
| 2.75%, 04/12/27 | &nbsp;&nbsp; 6392 | 6337002 |
| 3.63%, 04/13/28<sup>(c)</sup> | &nbsp;&nbsp; 8475 | 8493093 |
| 3.88%, 01/14/31 | &nbsp;&nbsp; 5570 | 5617590 |
| 4.25%, 09/05/34 | &nbsp;&nbsp; 10120 | 10182830 |
| 4.50%, 04/03/29 | &nbsp;&nbsp; 16520 | 16977997 |
| 4.50%, 09/08/33 | &nbsp;&nbsp; 685 | 705220 |
| 4.63%, 08/28/35<sup>(c)</sup> | &nbsp;&nbsp; 12000 | 12361617 |
| Series PD, 7.50%, 09/15/29 | &nbsp;&nbsp; 7182 | 8103403 |
| Province of Saskatchewan Canada |  |  |
| 3.25%, 06/08/27 | &nbsp;&nbsp; 40 | 39821 |
| 4.65%, 01/28/30 | &nbsp;&nbsp; 1835 | 1898825 |
|  |  | 307859156 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| Chile Government International Bonds |  |  |
| 2.45%, 01/31/31 | &nbsp;&nbsp; 10437 | 9616647 |
| 2.55%, 01/27/32 | &nbsp;&nbsp; 9576 | 8672786 |
| 2.55%, 07/27/33 | &nbsp;&nbsp; 14108 | 12399279 |
| 3.10%, 05/07/41 | &nbsp;&nbsp; 13081 | 10328864 |
| 3.10%, 01/22/61 | &nbsp;&nbsp; 9125 | 5888782 |
| 3.24%, 02/06/28 | &nbsp;&nbsp; 10760 | 10615347 |
| 3.25%, 09/21/71 | &nbsp;&nbsp; 4648 | 2998843 |
| 3.50%, 01/31/34 | &nbsp;&nbsp; 8498 | 7916295 |
| 3.50%, 01/25/50 | &nbsp;&nbsp; 11085 | 8374507 |
| 3.63%, 10/30/42 | &nbsp;&nbsp; 2805 | 2343949 |
| 3.86%, 06/21/47 | &nbsp;&nbsp; 5793 | 4760624 |
| 4.00%, 01/31/52<sup>(c)</sup> | &nbsp;&nbsp; 4078 | 3329251 |
| 4.34%, 03/07/42 | &nbsp;&nbsp; 7091 | 6480130 |
| 4.35%, 04/13/31 | &nbsp;&nbsp; 200 | 200648 |
| 4.85%, 01/22/29 | &nbsp;&nbsp; 10540 | 10794092 |
| 4.95%, 01/05/36 | &nbsp;&nbsp; 10704 | 10956251 |
| 5.33%, 01/05/54 | &nbsp;&nbsp; 7592 | 7561679 |
| 5.65%, 01/13/37 | &nbsp;&nbsp; 5755 | 6176642 |
|  |  | 129414616 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Hong Kong — 0.0%** | **Hong Kong — 0.0%** | **Hong Kong — 0.0%** |
| Hong Kong Government International Bonds, <br> 1.75%, 11/24/31<sup>(g)</sup><br>| &nbsp;&nbsp; $4900 | $4441487 |
| **Hungary — 0.0%** | **Hungary — 0.0%** | **Hungary — 0.0%** |
| Hungary Government International Bonds, <br> 7.63%, 03/29/41<br>| &nbsp;&nbsp; 6617 | 7873570 |
| **Indonesia — 0.1%** | **Indonesia — 0.1%** | **Indonesia — 0.1%** |
| Indonesia Government International Bonds |  |  |
| 1.85%, 03/12/31 | &nbsp;&nbsp; 2035 | 1808002 |
| 2.15%, 07/28/31 | &nbsp;&nbsp; 7255 | 6475295 |
| 2.85%, 02/14/30 | &nbsp;&nbsp; 7211 | 6852518 |
| 3.05%, 03/12/51 | &nbsp;&nbsp; 7155 | 4736094 |
| 3.20%, 09/23/61 | &nbsp;&nbsp; 2965 | 1883881 |
| 3.35%, 03/12/71 | &nbsp;&nbsp; 3640 | 2302940 |
| 3.40%, 09/18/29<sup>(c)</sup> | &nbsp;&nbsp; 4280 | 4179503 |
| 3.50%, 01/11/28 | &nbsp;&nbsp; 5377 | 5338308 |
| 3.50%, 02/14/50 | &nbsp;&nbsp; 3776 | 2738648 |
| 3.55%, 03/31/32 | &nbsp;&nbsp; 4995 | 4746414 |
| 3.70%, 10/30/49 | &nbsp;&nbsp; 4721 | 3558068 |
| 3.85%, 10/15/30 | &nbsp;&nbsp; 9341 | 9200711 |
| 4.10%, 04/24/28 | &nbsp;&nbsp; 6330 | 6356582 |
| 4.15%, 09/20/27 | &nbsp;&nbsp; 5350 | 5364717 |
| 4.20%, 10/15/50 | &nbsp;&nbsp; 7580 | 6188286 |
| 4.30%, 04/16/31 | &nbsp;&nbsp; 1050 | 1046325 |
| 4.30%, 03/31/52 | &nbsp;&nbsp; 3840 | 3165724 |
| 4.35%, 02/21/31 | &nbsp;&nbsp; 430 | 429861 |
| 4.35%, 01/11/48 | &nbsp;&nbsp; 7775 | 6664274 |
| 4.40%, 03/10/29 | &nbsp;&nbsp; 2900 | 2920232 |
| 4.45%, 04/15/70 | &nbsp;&nbsp; 4545 | 3646473 |
| 4.55%, 01/11/28 | &nbsp;&nbsp; 4835 | 4885674 |
| 4.65%, 09/20/32 | &nbsp;&nbsp; 7865 | 7925022 |
| 4.70%, 02/10/34<sup>(c)</sup> | &nbsp;&nbsp; 4320 | 4299697 |
| 4.75%, 02/11/29 | &nbsp;&nbsp; 6043 | 6168009 |
| 4.75%, 09/10/34 | &nbsp;&nbsp; 5980 | 5944917 |
| 4.85%, 01/11/33 | &nbsp;&nbsp; 7045 | 7115816 |
| 4.90%, 04/16/36 | &nbsp;&nbsp; 1140 | 1129937 |
| 4.95%, 02/21/36 | &nbsp;&nbsp; 350 | 348634 |
| 5.10%, 02/10/54<sup>(c)</sup> | &nbsp;&nbsp; 3100 | 2955730 |
| 5.15%, 09/10/54<sup>(c)</sup> | &nbsp;&nbsp; 2790 | 2661014 |
| 5.25%, 01/15/30 | &nbsp;&nbsp; 2100 | 2175468 |
| 5.35%, 02/11/49 | &nbsp;&nbsp; 4450 | 4420355 |
| 5.45%, 09/20/52<sup>(c)</sup> | &nbsp;&nbsp; 2415 | 2373556 |
| 5.48%, 02/21/56 | &nbsp;&nbsp; 230 | 225456 |
| 5.60%, 01/15/35 | &nbsp;&nbsp; 5500 | 5797589 |
| 5.65%, 01/11/53<sup>(c)</sup> | &nbsp;&nbsp; 3500 | 3518819 |
|  |  | 151548549 |
| **Israel — 0.1%** | **Israel — 0.1%** | **Israel — 0.1%** |
| Israel Government International Bonds |  |  |
| 2.75%, 07/03/30 | &nbsp;&nbsp; 11070 | 10354919 |
| 3.25%, 01/17/28 | &nbsp;&nbsp; 4035 | 3967577 |
| 3.88%, 07/03/50 | &nbsp;&nbsp; 9090 | 6782847 |
| 4.13%, 01/17/48 | &nbsp;&nbsp; 2870 | 2289382 |
| 4.50%, 01/17/33 | &nbsp;&nbsp; 8620 | 8485528 |
| 4.50%, 01/30/43 | &nbsp;&nbsp; 5983 | 5300247 |
| 4.50%, 04/03/2120<sup>(c)</sup> | &nbsp;&nbsp; 4433 | 3345195 |
| 5.38%, 03/12/29 | &nbsp;&nbsp; 330 | 339553 |
| 5.38%, 02/19/30 | &nbsp;&nbsp; 100 | 103527 |
| 5.50%, 03/12/34 | &nbsp;&nbsp; 14450 | 15038876 |
| 5.63%, 02/19/35 | &nbsp;&nbsp; 10000 | 10491762 |
| 5.75%, 03/12/54 | &nbsp;&nbsp; 7155 | 6986062 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Israel (continued)** | **Israel (continued)** | **Israel (continued)** |
| State of Israel |  |  |
| 2.50%, 01/15/30 | &nbsp;&nbsp; $2930 | $2734115 |
| 3.38%, 01/15/50 | &nbsp;&nbsp; 7243 | 4982318 |
|  |  | 81201908 |
| **Italy — 0.0%** | **Italy — 0.0%** | **Italy — 0.0%** |
| Republic of Italy Government <br> International Bonds<br>|  |  |
| 2.88%, 10/17/29 | &nbsp;&nbsp; 9230 | 8953673 |
| 3.88%, 05/06/51 | &nbsp;&nbsp; 10284 | 7842132 |
| 4.00%, 10/17/49 | &nbsp;&nbsp; 11510 | 9123560 |
| 5.38%, 06/15/33 | &nbsp;&nbsp; 8162 | 8759347 |
|  |  | 34678712 |
| **Japan — 0.0%** | **Japan — 0.0%** | **Japan — 0.0%** |
| Japan Bank for International Cooperation |  |  |
| 1.25%, 01/21/31 | &nbsp;&nbsp; 7445 | 6632560 |
| 1.88%, 04/15/31 | &nbsp;&nbsp; 14414 | 13158832 |
| 2.00%, 10/17/29 | &nbsp;&nbsp; 4687 | 4424828 |
| 2.13%, 02/16/29 | &nbsp;&nbsp; 4805 | 4605931 |
| 2.75%, 11/16/27 | &nbsp;&nbsp; 6285 | 6195397 |
| 2.88%, 06/01/27 | &nbsp;&nbsp; 6505 | 6446321 |
| 2.88%, 07/21/27 | &nbsp;&nbsp; 4947 | 4897263 |
| 3.25%, 07/20/28 | &nbsp;&nbsp; 5151 | 5112706 |
| 3.50%, 10/31/28 | &nbsp;&nbsp; 4005 | 3996609 |
| 4.38%, 10/05/27 | &nbsp;&nbsp; 1240 | 1254589 |
| 4.38%, 01/24/31 | &nbsp;&nbsp; 1990 | 2046013 |
| 4.38%, 01/23/36 | &nbsp;&nbsp; 110 | 111163 |
| 4.63%, 07/22/27 | &nbsp;&nbsp; 150 | 152003 |
| 4.63%, 07/19/28 | &nbsp;&nbsp; 1950 | 1996336 |
| 4.63%, 04/17/34 | &nbsp;&nbsp; 4130 | 4287191 |
| 4.88%, 10/18/28 | &nbsp;&nbsp; 1360 | 1404186 |
| Japan International Cooperation Agency |  |  |
| 1.00%, 07/22/30 | &nbsp;&nbsp; 2884 | 2565087 |
| 1.75%, 04/28/31 | &nbsp;&nbsp; 30 | 27121 |
| 2.75%, 04/27/27 | &nbsp;&nbsp; 1480 | 1465411 |
| 3.25%, 05/25/27 | &nbsp;&nbsp; 2020 | 2010710 |
| 3.38%, 06/12/28 | &nbsp;&nbsp; 745 | 740217 |
| 4.00%, 05/23/28 | &nbsp;&nbsp; 370 | 372604 |
| 4.25%, 05/22/30 | &nbsp;&nbsp; 1210 | 1233252 |
| 4.75%, 05/21/29 | &nbsp;&nbsp; 950 | 980870 |
|  |  | 76117200 |
| **Mexico — 0.3%** | **Mexico — 0.3%** | **Mexico — 0.3%** |
| Mexico Government International Bonds |  |  |
| 2.66%, 05/24/31 | &nbsp;&nbsp; 15837 | 14255890 |
| 3.25%, 04/16/30 | &nbsp;&nbsp; 11100 | 10561545 |
| 3.50%, 02/12/34 | &nbsp;&nbsp; 13263 | 11624331 |
| 3.75%, 01/11/28 | &nbsp;&nbsp; 10475 | 10396438 |
| 3.77%, 05/24/61 | &nbsp;&nbsp; 13886 | 8708713 |
| 4.15%, 03/28/27 | &nbsp;&nbsp; 13120 | 13128018 |
| 4.28%, 08/14/41 | &nbsp;&nbsp; 13791 | 11234459 |
| 4.35%, 01/15/47 | &nbsp;&nbsp; 6012 | 4606322 |
| 4.40%, 02/12/52 | &nbsp;&nbsp; 10027 | 7465942 |
| 4.50%, 04/22/29 | &nbsp;&nbsp; 14845 | 14930401 |
| 4.50%, 01/31/50 | &nbsp;&nbsp; 9831 | 7604382 |
| 4.60%, 01/23/46 | &nbsp;&nbsp; 12664 | 10118302 |
| 4.60%, 02/10/48 | &nbsp;&nbsp; 9056 | 7133059 |
| 4.75%, 03/22/31 | &nbsp;&nbsp; 750 | 747545 |
| 4.75%, 04/27/32 | &nbsp;&nbsp; 13502 | 13274074 |
| 4.75%, 03/08/44 | &nbsp;&nbsp; 18463 | 15419418 |
| 4.88%, 05/19/33 | &nbsp;&nbsp; 10498 | 10208427 |
| 5.00%, 05/07/29 | &nbsp;&nbsp; 3199 | 3263697 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mexico (continued)** | **Mexico (continued)** | **Mexico (continued)** |
| 5.00%, 04/27/51 | &nbsp;&nbsp; $12769 | $10462831 |
| 5.38%, 03/22/33 | &nbsp;&nbsp; 20800 | 20851621 |
| 5.40%, 02/09/28 | &nbsp;&nbsp; 4037 | 4129579 |
| 5.55%, 01/21/45<sup>(c)</sup> | &nbsp;&nbsp; 13850 | 12967714 |
| 5.63%, 02/09/34 | &nbsp;&nbsp; 910 | 920046 |
| 5.63%, 09/22/35 | &nbsp;&nbsp; 3280 | 3280197 |
| 5.75%, 10/12/2110 | &nbsp;&nbsp; 11941 | 10146625 |
| 5.85%, 07/02/32 | &nbsp;&nbsp; 7835 | 8130400 |
| 6.00%, 05/13/30 | &nbsp;&nbsp; 8682 | 9126266 |
| 6.00%, 05/07/36 | &nbsp;&nbsp; 8270 | 8487541 |
| 6.05%, 01/11/40 | &nbsp;&nbsp; 13036 | 13128006 |
| 6.13%, 02/09/38 | &nbsp;&nbsp; 1620 | 1642122 |
| 6.34%, 05/04/53 | &nbsp;&nbsp; 13561 | 13153129 |
| 6.35%, 02/09/35 | &nbsp;&nbsp; 12845 | 13551535 |
| 6.40%, 05/07/54 | &nbsp;&nbsp; 11770 | 11504228 |
| 6.63%, 01/29/38 | &nbsp;&nbsp; 5336 | 5637324 |
| 6.75%, 09/27/34 | &nbsp;&nbsp; 9937 | 10847970 |
| 6.75%, 02/09/56 | &nbsp;&nbsp; 9040 | 9168245 |
| 6.88%, 05/13/37 | &nbsp;&nbsp; 16570 | 17917554 |
| 7.38%, 05/13/55 | &nbsp;&nbsp; 10325 | 11325864 |
| 7.50%, 04/08/33 | &nbsp;&nbsp; 6262 | 7234388 |
| 8.30%, 08/15/31<sup>(c)</sup> | &nbsp;&nbsp; 8366 | 9940528 |
|  |  | 388234676 |
| **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** |
| Panama Government International Bonds |  |  |
| 2.25%, 09/29/32 | &nbsp;&nbsp; 13560 | 11424439 |
| 3.16%, 01/23/30 | &nbsp;&nbsp; 7913 | 7506118 |
| 3.30%, 01/19/33 | &nbsp;&nbsp; 6600 | 5908142 |
| 3.87%, 07/23/60<sup>(c)</sup> | &nbsp;&nbsp; 14158 | 9820490 |
| 3.88%, 03/17/28 | &nbsp;&nbsp; 6342 | 6292572 |
| 4.30%, 04/29/53 | &nbsp;&nbsp; 8144 | 6327316 |
| 4.50%, 05/15/47 | &nbsp;&nbsp; 5031 | 4122109 |
| 4.50%, 04/16/50<sup>(c)</sup> | &nbsp;&nbsp; 10764 | 8630300 |
| 4.50%, 04/01/56 | &nbsp;&nbsp; 10930 | 8536579 |
| 4.50%, 01/19/63<sup>(c)</sup> | &nbsp;&nbsp; 7185 | 5560047 |
| 5.23%, 02/23/34 | &nbsp;&nbsp; 160 | 159884 |
| 5.66%, 02/23/38 | &nbsp;&nbsp; 50 | 50239 |
| 6.40%, 02/14/35 | &nbsp;&nbsp; 11060 | 11852817 |
| 6.70%, 01/26/36 | &nbsp;&nbsp; 10636 | 11616362 |
| 6.85%, 03/28/54<sup>(c)</sup> | &nbsp;&nbsp; 6025 | 6514748 |
| 6.88%, 01/31/36<sup>(c)</sup> | &nbsp;&nbsp; 4520 | 4985142 |
| 7.50%, 03/01/31<sup>(c)</sup> | &nbsp;&nbsp; 5220 | 5845558 |
| 7.88%, 03/01/57<sup>(c)</sup> | &nbsp;&nbsp; 2367 | 2855717 |
| 8.00%, 03/01/38 | &nbsp;&nbsp; 5465 | 6511099 |
| 8.88%, 09/30/27 | &nbsp;&nbsp; 5956 | 6396622 |
| 9.38%, 04/01/29 | &nbsp;&nbsp; 6542 | 7515094 |
|  |  | 138431394 |
| **Peru — 0.1%** | **Peru — 0.1%** | **Peru — 0.1%** |
| Peru Government International Bonds |  |  |
| 1.86%, 12/01/32 | &nbsp;&nbsp; 6890 | 5786081 |
| 2.78%, 01/23/31 | &nbsp;&nbsp; 15624 | 14523909 |
| 2.78%, 12/01/60 | &nbsp;&nbsp; 8988 | 5080813 |
| 2.84%, 06/20/30 | &nbsp;&nbsp; 3893 | 3687437 |
| 3.00%, 01/15/34 | &nbsp;&nbsp; 11990 | 10550888 |
| 3.23%, 07/28/2121<sup>(c)</sup> | &nbsp;&nbsp; 4613 | 2597141 |
| 3.30%, 03/11/41 | &nbsp;&nbsp; 5056 | 3972850 |
| 3.55%, 03/10/51 | &nbsp;&nbsp; 7018 | 5048788 |
| 3.60%, 01/15/72 | &nbsp;&nbsp; 4525 | 2949313 |
| 4.13%, 08/25/27<sup>(c)</sup> | &nbsp;&nbsp; 3024 | 3036914 |
| 5.38%, 02/08/35 | &nbsp;&nbsp; 6580 | 6804092 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Peru (continued)** | **Peru (continued)** | **Peru (continued)** |
| 5.50%, 03/30/36 | &nbsp;&nbsp; $8200 | $8477865 |
| 5.63%, 11/18/50 | &nbsp;&nbsp; 10840 | 10776217 |
| 5.88%, 08/08/54 | &nbsp;&nbsp; 8090 | 8163934 |
| 6.20%, 06/30/55 | &nbsp;&nbsp; 5225 | 5500299 |
| 6.55%, 03/14/37 | &nbsp;&nbsp; 5650 | 6299675 |
| 8.75%, 11/21/33 | &nbsp;&nbsp; 11920 | 15008447 |
|  |  | 118264663 |
| **Philippines — 0.1%** | **Philippines — 0.1%** | **Philippines — 0.1%** |
| Bangko Sentral ng Pilipinas International <br> Bonds, 8.60%, 06/15/27<br>| &nbsp;&nbsp; 825 | 870985 |
| Philippines Government International Bonds |  |  |
| 1.65%, 06/10/31 | &nbsp;&nbsp; 7561 | 6662791 |
| 1.95%, 01/06/32 | &nbsp;&nbsp; 2700 | 2372620 |
| 2.46%, 05/05/30 | &nbsp;&nbsp; 8004 | 7500255 |
| 2.65%, 12/10/45 | &nbsp;&nbsp; 6920 | 4639157 |
| 2.95%, 05/05/45 | &nbsp;&nbsp; 6172 | 4383549 |
| 3.00%, 02/01/28 | &nbsp;&nbsp; 10281 | 10114845 |
| 3.20%, 07/06/46 | &nbsp;&nbsp; 10043 | 7298827 |
| 3.23%, 03/29/27<sup>(c)</sup> | &nbsp;&nbsp; 3995 | 3966409 |
| 3.56%, 09/29/32 | &nbsp;&nbsp; 5128 | 4875057 |
| 3.70%, 03/01/41 | &nbsp;&nbsp; 8849 | 7467931 |
| 3.70%, 02/02/42 | &nbsp;&nbsp; 9709 | 8114534 |
| 3.75%, 01/14/29 | &nbsp;&nbsp; 8741 | 8683577 |
| 3.95%, 01/20/40 | &nbsp;&nbsp; 9230 | 8160841 |
| 4.20%, 03/29/47 | &nbsp;&nbsp; 4535 | 3821035 |
| 4.25%, 07/27/31 | &nbsp;&nbsp; 380 | 382901 |
| 4.38%, 03/05/30 | &nbsp;&nbsp; 2528 | 2568311 |
| 4.63%, 07/17/28<sup>(c)</sup> | &nbsp;&nbsp; 2545 | 2585457 |
| 4.75%, 03/05/35 | &nbsp;&nbsp; 6070 | 6089999 |
| 5.00%, 07/17/33 | &nbsp;&nbsp; 6635 | 6828737 |
| 5.00%, 01/27/36 | &nbsp;&nbsp; 1220 | 1240621 |
| 5.00%, 01/13/37 | &nbsp;&nbsp; 6020 | 6092645 |
| 5.17%, 10/13/27 | &nbsp;&nbsp; 3674 | 3749499 |
| 5.18%, 09/05/49 | &nbsp;&nbsp; 3310 | 3190481 |
| 5.25%, 05/14/34 | &nbsp;&nbsp; 5885 | 6132552 |
| 5.50%, 02/04/35 | &nbsp;&nbsp; 6840 | 7238002 |
| 5.50%, 01/17/48 | &nbsp;&nbsp; 5545 | 5589200 |
| 5.60%, 05/14/49 | &nbsp;&nbsp; 3585 | 3651974 |
| 5.61%, 04/13/33 | &nbsp;&nbsp; 4455 | 4750618 |
| 5.75%, 01/27/51 | &nbsp;&nbsp; 830 | 861304 |
| 5.90%, 02/04/50 | &nbsp;&nbsp; 4620 | 4897329 |
| 5.95%, 10/13/47 | &nbsp;&nbsp; 3970 | 4205452 |
| 6.38%, 01/15/32 | &nbsp;&nbsp; 5892 | 6527533 |
| 6.38%, 10/23/34 | &nbsp;&nbsp; 8860 | 9902317 |
| 7.75%, 01/14/31 | &nbsp;&nbsp; 7963 | 9219999 |
| 9.50%, 02/02/30 | &nbsp;&nbsp; 6894 | 8260945 |
|  |  | 192898289 |
| **Poland — 0.1%** | **Poland — 0.1%** | **Poland — 0.1%** |
| Republic of Poland Government <br> International Bonds<br>|  |  |
| 4.63%, 03/18/29 | &nbsp;&nbsp; 5570 | 5705584 |
| 4.88%, 02/12/30 | &nbsp;&nbsp; 14750 | 15282903 |
| 4.88%, 10/04/33 | &nbsp;&nbsp; 14275 | 14650513 |
| 5.13%, 09/18/34 | &nbsp;&nbsp; 14354 | 14877619 |
| 5.38%, 02/12/35 | &nbsp;&nbsp; 13000 | 13637282 |
| 5.50%, 11/16/27 | &nbsp;&nbsp; 10746 | 11053510 |
| 5.50%, 04/04/53 | &nbsp;&nbsp; 13455 | 13185790 |
| 5.50%, 03/18/54 | &nbsp;&nbsp; 10950 | 10731581 |
| 5.75%, 11/16/32 | &nbsp;&nbsp; 9380 | 10113940 |
|  |  | 109238722 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **South Korea — 0.1%** | **South Korea — 0.1%** | **South Korea — 0.1%** |
| Export-Import Bank of Korea |  |  |
| 1.25%, 09/21/30 | &nbsp;&nbsp; $4011 | $3599095 |
| 1.38%, 02/09/31 | &nbsp;&nbsp; 1827 | 1634958 |
| 2.13%, 01/18/32 | &nbsp;&nbsp; 3125 | 2849185 |
| 2.38%, 04/21/27 | &nbsp;&nbsp; 3797 | 3745109 |
| 2.50%, 06/29/41 | &nbsp;&nbsp; 5668 | 4348931 |
| 3.75%, 01/13/29 | &nbsp;&nbsp; 180 | 180824 |
| 3.75%, 09/22/30 | &nbsp;&nbsp; 3910 | 3915390 |
| 3.88%, 01/13/31 | &nbsp;&nbsp; 974 | 981660 |
| 4.00%, 09/11/27 | &nbsp;&nbsp; 2025 | 2035965 |
| 4.00%, 09/11/29 | &nbsp;&nbsp; 3560 | 3606558 |
| 4.13%, 10/17/27 | &nbsp;&nbsp; 1537 | 1549240 |
| 4.25%, 09/15/27 | &nbsp;&nbsp; 3847 | 3881933 |
| 4.50%, 01/11/29 | &nbsp;&nbsp; 2310 | 2366145 |
| 4.50%, 09/15/32 | &nbsp;&nbsp; 3195 | 3318050 |
| 4.63%, 01/14/28<sup>(c)</sup> | &nbsp;&nbsp; 2800 | 2850113 |
| 4.63%, 01/11/34 | &nbsp;&nbsp; 3288 | 3395867 |
| 4.88%, 01/14/30 | &nbsp;&nbsp; 1135 | 1182363 |
| 5.00%, 01/11/28 | &nbsp;&nbsp; 5375 | 5505341 |
| 5.13%, 09/18/28 | &nbsp;&nbsp; 4740 | 4910219 |
| 5.13%, 01/11/33 | &nbsp;&nbsp; 5084 | 5401651 |
| 5.13%, 09/18/33 | &nbsp;&nbsp; 2610 | 2786153 |
| 5.25%, 01/14/35 | &nbsp;&nbsp; 2385 | 2565854 |
| Korea Development Bank(The) |  |  |
| 1.38%, 04/25/27 | &nbsp;&nbsp; 4105 | 4000767 |
| 3.75%, 09/16/30 | &nbsp;&nbsp; 4670 | 4676351 |
| 4.00%, 01/28/31 | &nbsp;&nbsp; 380 | 385172 |
| 4.13%, 10/16/27 | &nbsp;&nbsp; 1060 | 1068151 |
| 4.25%, 09/08/32 | &nbsp;&nbsp; 5700 | 5833252 |
| 4.38%, 02/15/28 | &nbsp;&nbsp; 6111 | 6195763 |
| 4.38%, 02/15/33 | &nbsp;&nbsp; 7703 | 7833134 |
| 4.50%, 02/15/29 | &nbsp;&nbsp; 3645 | 3736344 |
| 4.63%, 02/03/28 | &nbsp;&nbsp; 1855 | 1888807 |
| 4.88%, 02/03/30 | &nbsp;&nbsp; 1045 | 1088370 |
| 5.38%, 10/23/28 | &nbsp;&nbsp; 2110 | 2202032 |
| 5.63%, 10/23/33 | &nbsp;&nbsp; 2065 | 2270236 |
| Korea International Bonds |  |  |
| 1.00%, 09/16/30 | &nbsp;&nbsp; 4375 | 3901412 |
| 1.75%, 10/15/31 | &nbsp;&nbsp; 4195 | 3796692 |
| 2.50%, 06/19/29 | &nbsp;&nbsp; 5835 | 5640937 |
| 3.50%, 09/20/28 | &nbsp;&nbsp; 1985 | 1981369 |
| 3.63%, 02/12/29 | &nbsp;&nbsp; 110 | 110352 |
| 3.63%, 10/29/30 | &nbsp;&nbsp; 700 | 700530 |
| 3.88%, 02/12/31 | &nbsp;&nbsp; 120 | 121185 |
| 3.88%, 09/20/48 | &nbsp;&nbsp; 1313 | 1149316 |
| 4.13%, 06/10/44<sup>(c)</sup> | &nbsp;&nbsp; 1181 | 1095431 |
| 4.50%, 07/03/29 | &nbsp;&nbsp; 3440 | 3538591 |
|  |  | 129824798 |
| **Supranational — 0.9%** | **Supranational — 0.9%** | **Supranational — 0.9%** |
| African Development Bank |  |  |
| 3.50%, 09/18/29 | &nbsp;&nbsp; 740 | 740342 |
| 3.63%, 03/03/31 | &nbsp;&nbsp; 1080 | 1082788 |
| 3.88%, 06/12/28 | &nbsp;&nbsp; 3080 | 3108917 |
| 4.00%, 03/18/30<sup>(c)</sup> | &nbsp;&nbsp; 11559 | 11769605 |
| 4.13%, 01/22/36 | &nbsp;&nbsp; 5315 | 5360795 |
| 4.38%, 11/03/27 | &nbsp;&nbsp; 5035 | 5110054 |
| 4.38%, 03/14/28 | &nbsp;&nbsp; 4155 | 4230420 |
| 4.50%, 06/12/35 | &nbsp;&nbsp; 13550 | 14090325 |
| 5.75% , (5-year CMT + 1.58%)<sup>(a)(h)</sup> | &nbsp;&nbsp; 4003 | 4024171 |
| Asian Development Bank |  |  |
| 0.75%, 10/08/30 | &nbsp;&nbsp; 3099 | 2736509 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| 1.25%, 06/09/28<sup>(c)</sup> | &nbsp;&nbsp; $3005 | $2863508 |
| 1.50%, 03/04/31 | &nbsp;&nbsp; 3809 | 3452478 |
| 1.75%, 09/19/29 | &nbsp;&nbsp; 8402 | 7924640 |
| 1.88%, 03/15/29 | &nbsp;&nbsp; 1405 | 1342859 |
| 1.88%, 01/24/30 | &nbsp;&nbsp; 8236 | 7754853 |
| 2.38%, 08/10/27 | &nbsp;&nbsp; 1090 | 1073852 |
| 2.50%, 11/02/27 | &nbsp;&nbsp; 7857 | 7740014 |
| 2.75%, 01/19/28 | &nbsp;&nbsp; 6620 | 6539644 |
| 3.13%, 08/20/27 | &nbsp;&nbsp; 9958 | 9914230 |
| 3.13%, 09/26/28 | &nbsp;&nbsp; 1349 | 1339928 |
| 3.13%, 04/27/32 | &nbsp;&nbsp; 1800 | 1744641 |
| 3.63%, 08/28/29<sup>(c)</sup> | &nbsp;&nbsp; 14825 | 14904891 |
| 3.75%, 04/25/28<sup>(c)</sup> | &nbsp;&nbsp; 12079 | 12160504 |
| 3.75%, 08/28/30<sup>(c)</sup> | &nbsp;&nbsp; 7890 | 7966925 |
| 3.88%, 09/28/32 | &nbsp;&nbsp; 5120 | 5164618 |
| 3.88%, 06/14/33 | &nbsp;&nbsp; 9090 | 9141707 |
| 4.00%, 01/12/33 | &nbsp;&nbsp; 16554 | 16804283 |
| 4.13%, 05/30/30<sup>(c)</sup> | &nbsp;&nbsp; 9460 | 9688258 |
| 4.13%, 01/12/34<sup>(c)</sup> | &nbsp;&nbsp; 9431 | 9613229 |
| 4.25%, 01/14/36<sup>(c)</sup> | &nbsp;&nbsp; 13600 | 13881083 |
| 4.38%, 01/14/28 | &nbsp;&nbsp; 5100 | 5187133 |
| 4.38%, 03/06/29 | &nbsp;&nbsp; 12666 | 13009059 |
| 4.38%, 03/22/35 | &nbsp;&nbsp; 12922 | 13346263 |
| 4.50%, 08/25/28 | &nbsp;&nbsp; 14785 | 15171957 |
| 4.75%, 02/12/30 | &nbsp;&nbsp; 360 | 363639 |
| 4.88%, 09/26/28<sup>(c)</sup> | &nbsp;&nbsp; 660 | 664793 |
| 5.82%, 06/16/28 | &nbsp;&nbsp; 7220 | 7582115 |
| 6.22%, 08/15/27 | &nbsp;&nbsp; 2670 | 2758768 |
| 6.38%, 10/01/28<sup>(c)</sup> | &nbsp;&nbsp; 3125 | 3329445 |
| Asian Infrastructure Investment Bank(The) |  |  |
| 3.63%, 09/15/28 | &nbsp;&nbsp; 2028 | 2039270 |
| 3.75%, 09/14/27 | &nbsp;&nbsp; 4417 | 4436754 |
| 4.00%, 01/18/28 | &nbsp;&nbsp; 5504 | 5560947 |
| 4.13%, 01/18/29 | &nbsp;&nbsp; 3860 | 3934189 |
| 4.13%, 01/14/36 | &nbsp;&nbsp; 1660 | 1681972 |
| 4.25%, 03/13/34 | &nbsp;&nbsp; 7835 | 8053657 |
| 4.50%, 01/16/30 | &nbsp;&nbsp; 7967 | 8255075 |
| 4.50%, 05/21/35 | &nbsp;&nbsp; 11510 | 12003006 |
| Corp. Andina de Fomento |  |  |
| 5.00%, 01/24/29 | &nbsp;&nbsp; 6670 | 6906914 |
| 5.00%, 01/22/30 | &nbsp;&nbsp; 8445 | 8801112 |
| Council of Europe Development Bank |  |  |
| 3.63%, 01/26/28 | &nbsp;&nbsp; 840 | 842666 |
| 3.63%, 05/08/28 | &nbsp;&nbsp; 40 | 40141 |
| 3.75%, 01/14/31 | &nbsp;&nbsp; 2215 | 2234175 |
| 4.13%, 01/24/29 | &nbsp;&nbsp; 2600 | 2649071 |
| 4.50%, 01/15/30 | &nbsp;&nbsp; 2548 | 2638037 |
| 4.63%, 06/11/27 | &nbsp;&nbsp; 1559 | 1581135 |
| European Bank for Reconstruction & <br> Development<br>|  |  |
| 4.13%, 01/25/29 | &nbsp;&nbsp; 3403 | 3467372 |
| 4.25%, 03/13/34 | &nbsp;&nbsp; 10250 | 10530664 |
| 4.38%, 03/09/28 | &nbsp;&nbsp; 1125 | 1145449 |
| European Investment Bank |  |  |
| 0.63%, 10/21/27 | &nbsp;&nbsp; 352 | 336536 |
| 0.75%, 09/23/30 | &nbsp;&nbsp; 3185 | 2816528 |
| 0.88%, 05/17/30 | &nbsp;&nbsp; 4630 | 4156484 |
| 1.25%, 02/14/31 | &nbsp;&nbsp; 11919 | 10685796 |
| 1.38%, 03/15/27 | &nbsp;&nbsp; 19550 | 19132017 |
| 1.63%, 10/09/29 | &nbsp;&nbsp; 4920 | 4616681 |
| 1.63%, 05/13/31 | &nbsp;&nbsp; 1145 | 1039882 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| 1.75%, 03/15/29 | &nbsp;&nbsp; $7655 | $7289451 |
| 2.38%, 05/24/27 | &nbsp;&nbsp; 3841 | 3791675 |
| 3.25%, 11/15/27 | &nbsp;&nbsp; 3815 | 3804835 |
| 3.63%, 07/15/30 | &nbsp;&nbsp; 18985 | 19075685 |
| 3.75%, 11/15/29 | &nbsp;&nbsp; 12160 | 12277115 |
| 3.75%, 03/13/31 | &nbsp;&nbsp; 3950 | 3986434 |
| 3.75%, 02/14/33 | &nbsp;&nbsp; 22180 | 22170411 |
| 3.88%, 03/15/28 | &nbsp;&nbsp; 5958 | 6011892 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 870 | 878771 |
| 3.88%, 10/15/30 | &nbsp;&nbsp; 7215 | 7323841 |
| 4.00%, 02/15/29 | &nbsp;&nbsp; 4240 | 4309983 |
| 4.13%, 02/13/34 | &nbsp;&nbsp; 24090 | 24575236 |
| 4.25%, 08/16/32 | &nbsp;&nbsp; 22595 | 23302494 |
| 4.25%, 02/08/36 | &nbsp;&nbsp; 14020 | 14316955 |
| 4.38%, 03/19/27 | &nbsp;&nbsp; 2930 | 2956697 |
| 4.38%, 10/10/31 | &nbsp;&nbsp; 14690 | 15243361 |
| 4.50%, 10/16/28 | &nbsp;&nbsp; 1525 | 1567173 |
| 4.50%, 03/14/30 | &nbsp;&nbsp; 25235 | 26188939 |
| 4.63%, 02/12/35 | &nbsp;&nbsp; 13340 | 14028014 |
| 4.75%, 06/15/29 | &nbsp;&nbsp; 25606 | 26643799 |
| 4.88%, 02/15/36 | &nbsp;&nbsp; 7346 | 7875857 |
| Inter-American Development Bank |  |  |
| 0.63%, 09/16/27 | &nbsp;&nbsp; 2825 | 2706287 |
| 1.13%, 07/20/28 | &nbsp;&nbsp; 10320 | 9790663 |
| 1.13%, 01/13/31 | &nbsp;&nbsp; 13036 | 11636026 |
| 2.25%, 06/18/29<sup>(c)</sup> | &nbsp;&nbsp; 9457 | 9105693 |
| 2.38%, 07/07/27<sup>(c)</sup> | &nbsp;&nbsp; 8629 | 8508530 |
| 3.13%, 09/18/28 | &nbsp;&nbsp; 10040 | 9973521 |
| 3.20%, 08/07/42 | &nbsp;&nbsp; 3925 | 3292702 |
| 3.50%, 09/14/29<sup>(c)</sup> | &nbsp;&nbsp; 3035 | 3038303 |
| 3.50%, 04/12/33 | &nbsp;&nbsp; 13512 | 13278766 |
| 3.63%, 09/17/31<sup>(c)</sup> | &nbsp;&nbsp; 9128 | 9129791 |
| 3.75%, 06/14/30<sup>(c)</sup> | &nbsp;&nbsp; 3801 | 3835713 |
| 3.88%, 10/28/41 | &nbsp;&nbsp; 6891 | 6345601 |
| 4.00%, 01/12/28 | &nbsp;&nbsp; 6766 | 6834664 |
| 4.13%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp; 14220 | 14497436 |
| 4.13%, 01/23/36<sup>(c)</sup> | &nbsp;&nbsp; 11505 | 11601108 |
| 4.38%, 07/17/34 | &nbsp;&nbsp; 15430 | 15950719 |
| 4.38%, 07/16/35 | &nbsp;&nbsp; 10010 | 10323954 |
| 4.38%, 01/24/44 | &nbsp;&nbsp; 3334 | 3222608 |
| 4.50%, 02/15/30 | &nbsp;&nbsp; 8527 | 8840127 |
| 4.50%, 09/13/33<sup>(c)</sup> | &nbsp;&nbsp; 7105 | 7425566 |
| Inter-American Investment Corp. |  |  |
| 3.63%, 11/20/28 | &nbsp;&nbsp; 1710 | 1716428 |
| 4.13%, 02/15/28 | &nbsp;&nbsp; 1495 | 1512139 |
| 4.25%, 02/14/29 | &nbsp;&nbsp; 3620 | 3694814 |
| 4.25%, 04/01/30 | &nbsp;&nbsp; 6600 | 6758817 |
| 4.75%, 09/19/28 | &nbsp;&nbsp; 2163 | 2229249 |
| International Bank for Reconstruction & <br> Development<br>|  |  |
| 0.75%, 11/24/27 | &nbsp;&nbsp; 13145 | 12559744 |
| 0.75%, 08/26/30<sup>(c)</sup> | &nbsp;&nbsp; 13254 | 11743387 |
| 0.88%, 05/14/30<sup>(c)</sup> | &nbsp;&nbsp; 17435 | 15652200 |
| 1.13%, 09/13/28 | &nbsp;&nbsp; 25416 | 24028483 |
| 1.25%, 02/10/31<sup>(c)</sup> | &nbsp;&nbsp; 17940 | 16085296 |
| 1.38%, 04/20/28 | &nbsp;&nbsp; 20835 | 19963371 |
| 1.63%, 11/03/31 | &nbsp;&nbsp; 24085 | 21619825 |
| 1.75%, 10/23/29<sup>(c)</sup> | &nbsp;&nbsp; 13256 | 12480336 |
| 2.50%, 11/22/27 | &nbsp;&nbsp; 23456 | 23095157 |
| 2.50%, 03/29/32<sup>(c)</sup> | &nbsp;&nbsp; 3867 | 3624092 |
| 3.13%, 06/15/27<sup>(c)</sup> | &nbsp;&nbsp; 14265 | 14200405 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| 3.50%, 07/12/28 | &nbsp;&nbsp; $20406 | $20456108 |
| 3.50%, 10/28/30 | &nbsp;&nbsp; 580 | 579475 |
| 3.63%, 05/05/28<sup>(c)</sup> | &nbsp;&nbsp; 2139 | 2147861 |
| 3.63%, 09/21/29<sup>(c)</sup> | &nbsp;&nbsp; 9510 | 9560264 |
| 3.88%, 10/16/29 | &nbsp;&nbsp; 20915 | 21200128 |
| 3.88%, 02/14/30 | &nbsp;&nbsp; 19228 | 19497858 |
| 3.88%, 08/28/34 | &nbsp;&nbsp; 25910 | 25869847 |
| 4.00%, 07/25/30 | &nbsp;&nbsp; 9280 | 9460805 |
| 4.00%, 01/10/31 | &nbsp;&nbsp; 26277 | 26806291 |
| 4.00%, 05/06/32 | &nbsp;&nbsp; 24809 | 25262266 |
| 4.13%, 03/20/30 | &nbsp;&nbsp; 14275 | 14610360 |
| 4.38%, 08/27/35 | &nbsp;&nbsp; 23455 | 24214623 |
| 4.50%, 04/10/31 | &nbsp;&nbsp; 15724 | 16397108 |
| 4.63%, 08/01/28<sup>(c)</sup> | &nbsp;&nbsp; 11265 | 11585424 |
| 4.63%, 01/15/32 | &nbsp;&nbsp; 26225 | 27552436 |
| 4.75%, 11/14/33 | &nbsp;&nbsp; 16348 | 17353861 |
| 4.75%, 02/15/35<sup>(c)</sup> | &nbsp;&nbsp; 2127 | 2251175 |
| International Finance Corp. |  |  |
| 0.75%, 08/27/30 | &nbsp;&nbsp; 985 | 872561 |
| 3.50%, 01/22/29<sup>(c)</sup> | &nbsp;&nbsp; 5190 | 5202731 |
| 3.88%, 07/02/30 | &nbsp;&nbsp; 600 | 608525 |
| 4.25%, 07/02/29<sup>(c)</sup> | &nbsp;&nbsp; 765 | 783965 |
| 4.50%, 01/21/28<sup>(c)</sup> | &nbsp;&nbsp; 1840 | 1875247 |
| 4.50%, 07/13/28 | &nbsp;&nbsp; 1600 | 1639751 |
| Nordic Investment Bank |  |  |
| 3.38%, 09/08/27 | &nbsp;&nbsp; 1410 | 1408575 |
| 3.75%, 08/28/28 | &nbsp;&nbsp; 480 | 483969 |
| 3.75%, 05/09/30 | &nbsp;&nbsp; 3090 | 3116666 |
| 3.75%, 01/23/31 | &nbsp;&nbsp; 140 | 141285 |
| 4.25%, 02/28/29 | &nbsp;&nbsp; 2020 | 2066648 |
| 4.38%, 03/14/28 | &nbsp;&nbsp; 1250 | 1272755 |
|  |  | 1296467480 |
| **Sweden — 0.0%** | **Sweden — 0.0%** | **Sweden — 0.0%** |
| Svensk Exportkredit AB |  |  |
| 0.00%, 05/11/37<sup>(d)</sup> | &nbsp;&nbsp; 155 | 92593 |
| 2.25%, 03/22/27 | &nbsp;&nbsp; 2121 | 2091497 |
| 3.75%, 09/13/27 | &nbsp;&nbsp; 1180 | 1184226 |
| 3.75%, 05/08/28 | &nbsp;&nbsp; 1373 | 1379377 |
| 3.75%, 07/29/30 | &nbsp;&nbsp; 260 | 261648 |
| 3.88%, 08/04/27 | &nbsp;&nbsp; 891 | 895429 |
| 4.13%, 06/14/28 | &nbsp;&nbsp; 2615 | 2648115 |
| 4.25%, 02/01/29 | &nbsp;&nbsp; 2860 | 2918901 |
| 4.88%, 10/04/30 | &nbsp;&nbsp; 4432 | 4667797 |
|  |  | 16139583 |
| **Uruguay — 0.1%** | **Uruguay — 0.1%** | **Uruguay — 0.1%** |
| Oriental Republic of Uruguay, 5.25%, <br> 09/10/60<br>| &nbsp;&nbsp; 3200 | 3039884 |
| Uruguay Government International Bonds |  |  |
| 4.13%, 11/20/45 | &nbsp;&nbsp; 2647 | 2352373 |
| 4.38%, 10/27/27 | &nbsp;&nbsp; 9380 | 9437062 |
| 4.38%, 01/23/31 | &nbsp;&nbsp; 13956 | 14180047 |
| 4.98%, 04/20/55 | &nbsp;&nbsp; 11426 | 10579023 |
| 5.10%, 06/18/50 | &nbsp;&nbsp; 17417 | 16721727 |
| 5.44%, 02/14/37 | &nbsp;&nbsp; 7380 | 7748720 |
| 5.75%, 10/28/34 | &nbsp;&nbsp; 13215 | 14192096 |
| 7.63%, 03/21/36 | &nbsp;&nbsp; 4816 | 5861580 |
|  |  | 84112512 |
| **Total Foreign Government Obligations — 2.3%** <br>**(Cost: $3,337,646,374)** | **Total Foreign Government Obligations — 2.3%** <br>**(Cost: $3,337,646,374)** | 3266747315 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **Arizona — 0.0%** | **Arizona — 0.0%** | **Arizona — 0.0%** |
| Salt River Project Agricultural Improvement & <br> Power District RB BAB, 4.84%, 01/01/41<br>| &nbsp;&nbsp; $1875 | $1875224 |
| **California — 0.1%** | **California — 0.1%** | **California — 0.1%** |
| Alameda County Joint Powers Authority RB <br> BAB, Series A, 7.05%, 12/01/44<sup>(c)</sup><br>| &nbsp;&nbsp; 1500 | 1731561 |
| Bay Area Toll Authority RB, 3.13%, 04/01/55 | &nbsp;&nbsp; 470 | 327912 |
| Bay Area Toll Authority RB BAB |  |  |
| Series F-2, 6.26%, 04/01/49 | &nbsp;&nbsp; 4735 | 5169986 |
| Series S-1, 7.04%, 04/01/50<sup>(c)</sup> | &nbsp;&nbsp; 4300 | 5021977 |
| Series S-3, 6.91%, 10/01/50<sup>(c)</sup> | &nbsp;&nbsp; 3205 | 3678020 |
| California Health Facilities Financing <br> Authority RB<br>|  |  |
| 4.19%, 06/01/37 | &nbsp;&nbsp; 325 | 318027 |
| 4.35%, 06/01/41<sup>(c)</sup> | &nbsp;&nbsp; 1905 | 1828949 |
| California State University RB |  |  |
| Class B, 2.72%, 11/01/52<sup>(c)</sup> | &nbsp;&nbsp; 910 | 621945 |
| Class B, 2.94%, 11/01/52<sup>(c)</sup> | &nbsp;&nbsp; 1000 | 698099 |
| Class B, 2.98%, 11/01/51<sup>(c)</sup> | &nbsp;&nbsp; 3315 | 2343984 |
| 5.18%, 11/01/53 | &nbsp;&nbsp; 2535 | 2526453 |
| Series E, 2.90%, 11/01/51 | &nbsp;&nbsp; 1895 | 1392763 |
| City of Los Angeles Department of Airports <br> Customer Facility Charge Revenue RB, <br> Class A, 4.24%, 05/15/48 (AGM)<br>| &nbsp;&nbsp; 455 | 406968 |
| East Bay Municipal Utility District Water <br> System Revenue RB BAB, Series B, 5.87%, <br> 06/01/40<br>| &nbsp;&nbsp; 4480 | 4846399 |
| Foothill-Eastern Transportation Corridor <br> Agency RB<br>|  |  |
| 3.92%, 01/15/53 | &nbsp;&nbsp; 1025 | 837644 |
| Series A, 4.09%, 01/15/49<sup>(c)</sup> | &nbsp;&nbsp; 2040 | 1739997 |
| Golden State Tobacco Securitization Corp. RB |  |  |
| Class B, 3.00%, 06/01/46 | &nbsp;&nbsp; 540 | 492392 |
| 3.12%, 06/01/38 (SAP) | &nbsp;&nbsp; 2250 | 1929831 |
| 3.49%, 06/01/36 | &nbsp;&nbsp; 230 | 199868 |
| 3.71%, 06/01/41 | &nbsp;&nbsp; 830 | 669788 |
| 4.21%, 06/01/50<sup>(c)</sup> | &nbsp;&nbsp; 1535 | 1172144 |
| Los Angeles Community College District <br> California GO BAB, 6.75%, 08/01/49<br>| &nbsp;&nbsp; 1100 | 1256657 |
| Los Angeles County Public Works Financing <br> Authority RB BAB, 7.62%, 08/01/40<br>| &nbsp;&nbsp; 1150 | 1390811 |
| Los Angeles Department of Water & Power <br> RB BAB<br>|  |  |
| Series A, 6.60%, 07/01/50<sup>(c)</sup> | &nbsp;&nbsp; 385 | 430464 |
| Series D, 6.57%, 07/01/45<sup>(c)</sup> | &nbsp;&nbsp; 5325 | 5854797 |
| Regents of the University of California Medical <br> Center Pooled Revenue RB<br>|  |  |
| 3.01%, 05/15/50<sup>(c)</sup> | &nbsp;&nbsp; 1400 | 962419 |
| 3.71%, 05/15/20 | &nbsp;&nbsp; 2600 | 1689932 |
| 4.13%, 05/15/32 | &nbsp;&nbsp; 1550 | 1553706 |
| 4.56%, 05/15/53<sup>(c)</sup> | &nbsp;&nbsp; 895 | 788085 |
| Series N, 3.26%, 05/15/60<sup>(c)</sup> | &nbsp;&nbsp; 1835 | 1230152 |
| Regents of the University of California Medical <br> Center Pooled Revenue RB BAB<br>|  |  |
| Series H, Class H, 6.55%, 05/15/48 | &nbsp;&nbsp; 4575 | 5022260 |
| Series F, 6.58%, 05/15/49 | &nbsp;&nbsp; 3015 | 3287581 |
| San Diego County Regional Transportation <br> Commission RB BAB, 5.91%, 04/01/48<br>| &nbsp;&nbsp; 1905 | 2010872 |
| San Diego County Water Authority RB BAB, <br> Series B, Class B, 6.14%, 05/01/49<sup>(c)</sup><br>| &nbsp;&nbsp; 2345 | 2467757 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **California (continued)** | **California (continued)** | **California (continued)** |
| San Francisco City & County Public Utilities <br> Commission Wastewater Revenue RB, <br> Class A, 4.66%, 10/01/27<br>| &nbsp;&nbsp; $1920 | $1947884 |
| San Joaquin Hills Transportation Corridor <br> Agency RB, Class B, 3.49%, 01/15/50<br>| &nbsp;&nbsp; 1600 | 1270490 |
| State of California GO |  |  |
| 1.70%, 02/01/28<sup>(c)</sup> | &nbsp;&nbsp; 140 | 135250 |
| 2.50%, 10/01/29 | &nbsp;&nbsp; 6000 | 5784502 |
| 3.50%, 04/01/28<sup>(c)</sup> | &nbsp;&nbsp; 910 | 909126 |
| 4.50%, 08/01/29 | &nbsp;&nbsp; 1350 | 1390904 |
| 4.50%, 04/01/33 | &nbsp;&nbsp; 2115 | 2120673 |
| 4.60%, 04/01/38 | &nbsp;&nbsp; 2170 | 2215879 |
| 5.10%, 09/01/35<sup>(c)</sup> | &nbsp;&nbsp; 2250 | 2387345 |
| 5.13%, 09/01/29 | &nbsp;&nbsp; 1700 | 1788061 |
| 5.13%, 03/01/38 | &nbsp;&nbsp; 1000 | 1024248 |
| 5.15%, 09/01/34 | &nbsp;&nbsp; 5000 | 5346993 |
| 5.20%, 03/01/43 | &nbsp;&nbsp; 3790 | 3843381 |
| 5.75%, 10/01/31 | &nbsp;&nbsp; 1400 | 1531745 |
| 5.88%, 10/01/41 | &nbsp;&nbsp; 5000 | 5331665 |
| Series A, Class A, 3.05%, 04/01/29 | &nbsp;&nbsp; 1110 | 1093637 |
| State of California GO BAB |  |  |
| 7.30%, 10/01/39 | &nbsp;&nbsp; 5220 | 6195001 |
| 7.35%, 11/01/39<sup>(c)</sup> | &nbsp;&nbsp; 3130 | 3723271 |
| 7.50%, 04/01/34 | &nbsp;&nbsp; 8325 | 9827044 |
| 7.55%, 04/01/39 | &nbsp;&nbsp; 12470 | 15387504 |
| 7.60%, 11/01/40 | &nbsp;&nbsp; 7575 | 9460457 |
| 7.63%, 03/01/40 | &nbsp;&nbsp; 6850 | 8426046 |
| University of California RB |  |  |
| Series AD, 4.86%, 05/15/12 | &nbsp;&nbsp; 3285 | 2842364 |
| Series AQ, 4.77%, 05/15/15 | &nbsp;&nbsp; 835 | 708328 |
| Series BD, 3.35%, 07/01/29<sup>(c)</sup> | &nbsp;&nbsp; 4730 | 4689201 |
| Series BG, 1.32%, 05/15/27 | &nbsp;&nbsp; 775 | 754019 |
| Series BG, 1.61%, 05/15/30 | &nbsp;&nbsp; 2990 | 2755294 |
| Series BG, 3.07%, 05/15/51<sup>(c)</sup> | &nbsp;&nbsp; 3110 | 2141266 |
|  |  | 170931778 |
| **Colorado — 0.0%** | **Colorado — 0.0%** | **Colorado — 0.0%** |
| Regional Transportation District Sales Tax <br> Revenue RB BAB, Series B, 5.84%, <br> 11/01/50<br>| &nbsp;&nbsp; 700 | 729057 |
| **Connecticut — 0.0%** | **Connecticut — 0.0%** | **Connecticut — 0.0%** |
| State of Connecticut GO, Series A, Class A, <br> 5.85%, 03/15/32<br>| &nbsp;&nbsp; 4765 | 5174565 |
| **District of Columbia — 0.0%** | **District of Columbia — 0.0%** | **District of Columbia — 0.0%** |
| District of Columbia Water & Sewer Authority <br> RB, 4.81%, 10/01/14<sup>(c)</sup><br>| &nbsp;&nbsp; 1690 | 1489613 |
| Metropolitan Washington Airports Authority <br> Dulles Toll Road Revenue RB BAB, 7.46%, <br> 10/01/46<br>| &nbsp;&nbsp; 1300 | 1583086 |
|  |  | 3072699 |
| **Florida — 0.0%** | **Florida — 0.0%** | **Florida — 0.0%** |
| County of Broward Airport System Revenue <br> RB, 3.48%, 10/01/43<br>| &nbsp;&nbsp; 250 | 216584 |
| County of Miami-Dade Aviation Revenue RB, <br> Series C, 4.28%, 10/01/41<sup>(c)</sup><br>| &nbsp;&nbsp; 985 | 929454 |
| County of Miami-Dade Seaport Department <br> RB, 6.22%, 11/01/55<br>| &nbsp;&nbsp; 245 | 257637 |
| County of Miami-Dade Transit System RB, <br> Series B, 2.60%, 07/01/42<br>| &nbsp;&nbsp; 1300 | 1019381 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** | **Florida (continued)** |
| State Board of Administration Finance <br> Corp. RB<br>|  |  |
| 1.71%, 07/01/27<sup>(c)</sup> | &nbsp;&nbsp; $3250 | $3165410 |
| 2.15%, 07/01/30 | &nbsp;&nbsp; 5902 | 5507499 |
| Class A, 5.53%, 07/01/34<sup>(c)</sup> | &nbsp;&nbsp; 4980 | 5357588 |
|  |  | 16453553 |
| **Georgia — 0.0%** | **Georgia — 0.0%** | **Georgia — 0.0%** |
| City of Atlanta Water & Wastewater Revenue <br> RB, 2.26%, 11/01/35<br>| &nbsp;&nbsp; 1330 | 1154950 |
| Municipal Electric Authority of Georgia <br> RB BAB<br>|  |  |
| Project J, Series 2010-A, 6.64%, 04/01/57 | &nbsp;&nbsp; 3691 | 4091246 |
| Project M, Series 2010-A, 6.66%, 04/01/57 | &nbsp;&nbsp; 3230 | 3592121 |
| Project P, Series 2010-A, 7.06%, 04/01/57 | &nbsp;&nbsp; 3317 | 3849823 |
|  |  | 12688140 |
| **Idaho — 0.0%** | **Idaho — 0.0%** | **Idaho — 0.0%** |
| Idaho Energy Resources Authority RB, 2.86%, <br> 09/01/46<sup>(c)</sup><br>| &nbsp;&nbsp; 580 | 431218 |
| **Illinois — 0.1%** | **Illinois — 0.1%** | **Illinois — 0.1%** |
| Chicago O'Hare International Airport RB |  |  |
| Series C, Class C, 4.47%, 01/01/49<sup>(c)</sup> | &nbsp;&nbsp; 1050 | 959073 |
| Series C, Class C, 4.57%, 01/01/54 | &nbsp;&nbsp; 2450 | 2233906 |
| Chicago O'Hare International Airport RB BAB, <br> Series B, Class B, 6.40%, 01/01/40<sup>(c)</sup><br>| &nbsp;&nbsp; 1100 | 1241215 |
| Chicago Transit Authority Sales & Transfer Tax <br> Receipts Revenue RB<br>|  |  |
| Series A, Class A, 6.90%, 12/01/40<sup>(c)</sup> | &nbsp;&nbsp; 4007 | 4576230 |
| Series B, Class B, 6.90%, 12/01/40<sup>(c)</sup> | &nbsp;&nbsp; 4442 | 5083102 |
| Illinois State Toll Highway Authority RB BAB, <br> Series A, 6.18%, 01/01/34<br>| &nbsp;&nbsp; 1820 | 1978321 |
| Sales Tax Securitization Corp. RB |  |  |
| 3.24%, 01/01/42 | &nbsp;&nbsp; 5125 | 4331714 |
| 3.82%, 01/01/48 | &nbsp;&nbsp; 135 | 109948 |
| 4.79%, 01/01/48 | &nbsp;&nbsp; 2380 | 2223479 |
| State of Illinois GO, 5.10%, 06/01/33 | &nbsp;&nbsp; 28727 | 29733651 |
| State of Illinois GO BAB, Series 5, 7.35%, <br> 07/01/35<br>| &nbsp;&nbsp; 2786 | 3041906 |
|  |  | 55512545 |
| **Indiana — 0.0%** | **Indiana — 0.0%** | **Indiana — 0.0%** |
| Indiana Finance Authority RB, 3.05%, <br> 01/01/51<sup>(c)</sup><br>| &nbsp;&nbsp; 645 | 482675 |
| **Kansas — 0.0%** | **Kansas — 0.0%** | **Kansas — 0.0%** |
| Kansas Development Finance Authority RB, <br> 2.77%, 05/01/51<sup>(c)</sup><br>| &nbsp;&nbsp; 605 | 443074 |
| **Louisiana — 0.0%** | **Louisiana — 0.0%** | **Louisiana — 0.0%** |
| Louisiana Local Government Environmental <br> Facilities & Community Development <br> Authority RB<br>|  |  |
| 4.15%, 02/01/33 | &nbsp;&nbsp; 2280 | 2301510 |
| 4.28%, 02/01/36 | &nbsp;&nbsp; 1560 | 1565190 |
| 4.48%, 08/01/39 | &nbsp;&nbsp; 4415 | 4354940 |
| 5.05%, 12/01/34 | &nbsp;&nbsp; 1705 | 1783195 |
| 5.20%, 12/01/39 | &nbsp;&nbsp; 3975 | 4147694 |
|  |  | 14152529 |
| **Maryland — 0.0%** | **Maryland — 0.0%** | **Maryland — 0.0%** |
| Maryland Economic Development Corp. RB |  |  |
| 5.43%, 05/31/56 | &nbsp;&nbsp; 2785 | 2792468 |
| 5.94%, 05/31/57 | &nbsp;&nbsp; 1370 | 1409200 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Maryland (continued)** | **Maryland (continued)** | **Maryland (continued)** |
| Maryland Health & Higher Educational <br> Facilities Authority RB, Class D, 3.05%, <br> 07/01/40<sup>(c)</sup><br>| &nbsp;&nbsp; $2500 | $2037034 |
|  |  | 6238702 |
| **Massachusetts — 0.0%** | **Massachusetts — 0.0%** | **Massachusetts — 0.0%** |
| Commonwealth of Massachusetts GOL, <br> 2.90%, 09/01/49<sup>(c)</sup><br>| &nbsp;&nbsp; 2675 | 1924057 |
| Commonwealth of Massachusetts GOL BAB |  |  |
| 4.91%, 05/01/29<sup>(c)</sup> | &nbsp;&nbsp; 1950 | 1990827 |
| Series E, 5.46%, 12/01/39<sup>(c)</sup> | &nbsp;&nbsp; 3700 | 3887658 |
| Commonwealth of Massachusetts RB, 3.77%, <br> 07/15/29<sup>(c)</sup><br>| &nbsp;&nbsp; 2900 | 2909951 |
| Commonwealth of Massachusetts <br> Transportation Fund Revenue RB BAB, <br> Series A, 5.73%, 06/01/40<br>| &nbsp;&nbsp; 2435 | 2562524 |
| Massachusetts School Building Authority RB <br> BAB, Series B, 5.72%, 08/15/39<sup>(c)</sup><br>| &nbsp;&nbsp; 1060 | 1125821 |
|  |  | 14400838 |
| **Michigan — 0.0%** | **Michigan — 0.0%** | **Michigan — 0.0%** |
| Michigan Finance Authority RB |  |  |
| 3.08%, 12/01/34 | &nbsp;&nbsp; 2110 | 1963944 |
| 3.38%, 12/01/40 | &nbsp;&nbsp; 845 | 735310 |
| Michigan State University RB, 4.17%, <br> 08/15/22<br>| &nbsp;&nbsp; 4035 | 3038932 |
| Michigan Strategic Fund RB, 3.23%, <br> 09/01/47<sup>(c)</sup><br>| &nbsp;&nbsp; 460 | 364376 |
| University of Michigan RB |  |  |
| 2.56%, 04/01/50 | &nbsp;&nbsp; 3000 | 1963101 |
| Class A, 3.50%, 04/01/52 | &nbsp;&nbsp; 614 | 465118 |
| Class B, 3.50%, 04/01/52 | &nbsp;&nbsp; 475 | 364271 |
| Class C, 3.60%, 04/01/47<sup>(c)</sup> | &nbsp;&nbsp; 1800 | 1543351 |
| Class A, 4.45%, 04/01/22 | &nbsp;&nbsp; 5580 | 4535986 |
| Series B, 2.44%, 04/01/40 | &nbsp;&nbsp; 2862 | 2228474 |
|  |  | 17202863 |
| **Minnesota — 0.0%** | **Minnesota — 0.0%** | **Minnesota — 0.0%** |
| University of Minnesota RB, 4.05%, 04/01/52 | &nbsp;&nbsp; 1924 | 1610540 |
| **Mississippi — 0.0%** | **Mississippi — 0.0%** | **Mississippi — 0.0%** |
| State of Mississippi GO BAB, Series F, 5.25%, <br> 11/01/34<br>| &nbsp;&nbsp; 1000 | 1033871 |
| **Missouri — 0.0%** | **Missouri — 0.0%** | **Missouri — 0.0%** |
| Health & Educational Facilities Authority of the <br> State of Missouri RB, Series A, Class A, <br> 3.65%, 08/15/57<br>| &nbsp;&nbsp; 4730 | 3582909 |
| **Nebraska — 0.0%** | **Nebraska — 0.0%** | **Nebraska — 0.0%** |
| University of Nebraska Facilities Corp. (The) <br> RB, Series A, Class A, 3.04%, 10/01/49<br>| &nbsp;&nbsp; 2000 | 1511796 |
| **Nevada — 0.0%** | **Nevada — 0.0%** | **Nevada — 0.0%** |
| County of Clark Department of Aviation RB <br> BAB, Series C, 6.82%, 07/01/45<br>| &nbsp;&nbsp; 850 | 971688 |
| **New Jersey — 0.0%** | **New Jersey — 0.0%** | **New Jersey — 0.0%** |
| New Jersey Economic Development Authority <br> RB, Series A, Class A, 7.43%, 02/15/29 <br> (NPFGC)<br>| &nbsp;&nbsp; 4351 | 4595032 |
| New Jersey Transportation Trust Fund <br> Authority RB BAB, Series B, 6.56%, <br> 12/15/40<br>| &nbsp;&nbsp; 2650 | 3032651 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **New Jersey (continued)** | **New Jersey (continued)** | **New Jersey (continued)** |
| New Jersey Turnpike Authority RB BAB |  |  |
| Series A, 7.10%, 01/01/41 | &nbsp;&nbsp; $6292 | $7505027 |
| Series F, 7.41%, 01/01/40 | &nbsp;&nbsp; 6979 | 8524169 |
| Rutgers The State University of New <br> Jersey RB<br>|  |  |
| 3.27%, 05/01/43 | &nbsp;&nbsp; 1000 | 848353 |
| Series P, 3.92%, 05/01/19<sup>(c)</sup> | &nbsp;&nbsp; 1475 | 1017297 |
| Rutgers The State University of New Jersey <br> RB BAB, Class H, 5.67%, 05/01/40<br>| &nbsp;&nbsp; 900 | 940808 |
|  |  | 26463337 |
| **New York — 0.1%** | **New York — 0.1%** | **New York — 0.1%** |
| City of New York |  |  |
| 5.37%, 10/01/51<sup>(c)</sup> | &nbsp;&nbsp; 1750 | 1760398 |
| 5.56%, 10/01/45 | &nbsp;&nbsp; 1035 | 1053332 |
| City of New York GO |  |  |
| 4.61%, 09/01/37 | &nbsp;&nbsp; 1000 | 1014962 |
| 5.11%, 10/01/54<sup>(c)</sup> | &nbsp;&nbsp; 3775 | 3658415 |
| 5.26%, 10/01/44 | &nbsp;&nbsp; 4200 | 4197712 |
| 5.26%, 10/01/52 | &nbsp;&nbsp; 500 | 497016 |
| 5.83%, 10/01/53<sup>(c)</sup> | &nbsp;&nbsp; 5500 | 5852291 |
| 5.94%, 02/01/55<sup>(c)</sup> | &nbsp;&nbsp; 130 | 140383 |
| 6.29%, 02/01/45 | &nbsp;&nbsp; 300 | 321487 |
| 6.39%, 02/01/55 | &nbsp;&nbsp; 1015 | 1088402 |
| City of New York GO BAB |  |  |
| Series C-1, 5.52%, 10/01/37 | &nbsp;&nbsp; 3000 | 3125218 |
| Series F1, 6.27%, 12/01/37 | &nbsp;&nbsp; 2755 | 3014748 |
| Empire State Development Corp. RB BAB, <br> 5.77%, 03/15/39<br>| &nbsp;&nbsp; 4715 | 4888427 |
| Metropolitan Transportation Authority <br> Dedicated Tax Fund RB BAB, 7.34%, <br> 11/15/39<br>| &nbsp;&nbsp; 3870 | 4652624 |
| Metropolitan Transportation Authority RB BAB, <br> Series 2010-A, 6.67%, 11/15/39<br>| &nbsp;&nbsp; 50 | 55963 |
| New York City Municipal Water Finance <br> Authority RB<br>|  |  |
| 5.88%, 06/15/44 | &nbsp;&nbsp; 3200 | 3307478 |
| 5.95%, 06/15/42<sup>(c)</sup> | &nbsp;&nbsp; 3000 | 3155264 |
| New York City Municipal Water Finance <br> Authority RB BAB<br>|  |  |
| 5.44%, 06/15/43 | &nbsp;&nbsp; 1385 | 1368437 |
| 5.72%, 06/15/42 | &nbsp;&nbsp; 3145 | 3225392 |
| 6.01%, 06/15/42 | &nbsp;&nbsp; 1860 | 1968624 |
| New York State Dormitory Authority RB |  |  |
| 5.23%, 07/01/35 | &nbsp;&nbsp; 4250 | 4519655 |
| 5.83%, 07/01/55 | &nbsp;&nbsp; 2500 | 2703166 |
| New York State Dormitory Authority RB BAB |  |  |
| Series D, 5.60%, 03/15/40 | &nbsp;&nbsp; 2325 | 2428250 |
| Series F, 5.63%, 03/15/39 | &nbsp;&nbsp; 2725 | 2834441 |
| Port Authority of New York & New Jersey RB |  |  |
| 3.14%, 02/15/51 | &nbsp;&nbsp; 1145 | 871094 |
| 3.29%, 08/01/69 | &nbsp;&nbsp; 1300 | 865963 |
| 4.03%, 09/01/48<sup>(c)</sup> | &nbsp;&nbsp; 1440 | 1243416 |
| 4.23%, 10/15/57 | &nbsp;&nbsp; 865 | 738031 |
| 5.07%, 07/15/53<sup>(c)</sup> | &nbsp;&nbsp; 2820 | 2780779 |
| Series 164, 5.65%, 11/01/40<sup>(c)</sup> | &nbsp;&nbsp; 6255 | 6820395 |
| Series 165, 5.65%, 11/01/40<sup>(c)</sup> | &nbsp;&nbsp; 1795 | 1957252 |
| Series 168, 4.93%, 10/01/51<sup>(c)</sup> | &nbsp;&nbsp; 4165 | 4019096 |
| Series 174, 4.46%, 10/01/62<sup>(c)</sup> | &nbsp;&nbsp; 6585 | 5763116 |
| Series 181, 4.96%, 08/01/46 | &nbsp;&nbsp; 2000 | 1986566 |
| Series 182, 5.31%, 08/01/46 | &nbsp;&nbsp; 1000 | 999979 |
| Series 192, 4.81%, 10/15/65<sup>(c)</sup> | &nbsp;&nbsp; 4235 | 3960877 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** | **New York (continued)** |
| Series 225, 3.18%, 07/15/60<sup>(c)</sup> | &nbsp;&nbsp; $675 | $455766 |
| United Nations Development Corp. RB, 6.54%, <br> 08/01/55<sup>(c)</sup><br>| &nbsp;&nbsp; 765 | 825245 |
|  |  | 94119660 |
| **North Carolina — 0.0%** | **North Carolina — 0.0%** | **North Carolina — 0.0%** |
| Charlotte-Mecklenburg Hospital Authority <br> (The) RB, 3.20%, 01/15/51<br>| &nbsp;&nbsp; 1100 | 778814 |
| **Ohio — 0.0%** | **Ohio — 0.0%** | **Ohio — 0.0%** |
| American Municipal Power, Inc. RB, Series B, <br> 8.08%, 02/15/50<br>| &nbsp;&nbsp; 6075 | 7825786 |
| JobsOhio Beverage System, 4.53%, 01/01/35 | &nbsp;&nbsp; 2190 | 2263541 |
| JobsOhio Beverage System RB, 2.83%, <br> 01/01/38, (ETM)<br>| &nbsp;&nbsp; 1915 | 1670073 |
| Ohio State University (The) RB, Series A, <br> 4.80%, 06/01/11<br>| &nbsp;&nbsp; 350 | 301733 |
| Ohio Turnpike & Infrastructure Commission <br> RB, Series A, Class A, 3.22%, 02/15/48<br>| &nbsp;&nbsp; 1775 | 1377139 |
|  |  | 13438272 |
| **Oklahoma — 0.0%** | **Oklahoma — 0.0%** | **Oklahoma — 0.0%** |
| Oklahoma Development Finance Authority RB |  |  |
| 4.38%, 11/01/45 | &nbsp;&nbsp; 3690 | 3604135 |
| 4.62%, 06/01/44 | &nbsp;&nbsp; 1655 | 1651353 |
| 4.71%, 05/01/52<sup>(c)</sup> | &nbsp;&nbsp; 3280 | 3127939 |
| 5.09%, 02/01/52<sup>(c)</sup> | &nbsp;&nbsp; 3680 | 3649838 |
|  |  | 12033265 |
| **Oregon — 0.0%** | **Oregon — 0.0%** | **Oregon — 0.0%** |
| Oregon School Boards Association GOL, <br> Series B, 5.68%, 06/30/28 (NPFGC)<br>| &nbsp;&nbsp; 748 | 762781 |
| Oregon State University RB, 3.42%, 03/01/60 <br> (BAM)<br>| &nbsp;&nbsp; 1100 | 791896 |
| State of Oregon GO, 5.89%, 06/01/27 | &nbsp;&nbsp; 4426 | 4489418 |
|  |  | 6044095 |
| **Pennsylvania — 0.0%** | **Pennsylvania — 0.0%** | **Pennsylvania — 0.0%** |
| Commonwealth Financing Authority RB |  |  |
| Class A, 2.99%, 06/01/42 | &nbsp;&nbsp; 1130 | 904707 |
| Class A, 3.86%, 06/01/38<sup>(c)</sup> | &nbsp;&nbsp; 4200 | 4011744 |
| Series A, 4.14%, 06/01/38 | &nbsp;&nbsp; 50 | 48784 |
| Pennsylvania Economic Development <br> Financing Authority RB, 5.69%, 06/01/54<br>| &nbsp;&nbsp; 2665 | 2746032 |
| Pennsylvania State University (The) RB |  |  |
| 2.79%, 09/01/43 | &nbsp;&nbsp; 1750 | 1397403 |
| 2.84%, 09/01/50 | &nbsp;&nbsp; 975 | 682557 |
| Pennsylvania Turnpike Commission RB BAB, <br> Series B, Class B, 5.51%, 12/01/45<br>| &nbsp;&nbsp; 1000 | 1033096 |
| University of Pittsburgh-of the Commonwealth <br> System of Higher Education RB, 3.56%, <br> 09/15/19<sup>(c)</sup><br>| &nbsp;&nbsp; 2000 | 1295037 |
|  |  | 12119360 |
| **South Carolina — 0.0%** | **South Carolina — 0.0%** | **South Carolina — 0.0%** |
| South Carolina Public Service Authority RB <br> BAB, Series C, 6.45%, 01/01/50<br>| &nbsp;&nbsp; 1000 | 1092247 |
| **Texas — 0.1%** | **Texas — 0.1%** | **Texas — 0.1%** |
| Board of Regents of the University of Texas <br> System RB, Series B, Class B, 2.44%, <br> 08/15/49<br>| &nbsp;&nbsp; 765 | 488289 |
| Board of Regents of the University of Texas <br> System RB BAB, Series C, 4.79%, <br> 08/15/46<sup>(c)</sup><br>| &nbsp;&nbsp; 2400 | 2325304 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** | **Texas (continued)** |
| City of San Antonio Electric & Gas Systems <br> Revenue RB<br>|  |  |
| 5.47%, 02/01/45 | &nbsp;&nbsp; $5415 | $5625745 |
| 5.57%, 02/01/50<sup>(c)</sup> | &nbsp;&nbsp; 1185 | 1218028 |
| City of San Antonio Electric & Gas Systems <br> Revenue RB BAB, 5.81%, 02/01/41<br>| &nbsp;&nbsp; 1875 | 1978057 |
| Dallas Area Rapid Transit RB, Class A, 2.61%, <br> 12/01/48<br>| &nbsp;&nbsp; 2895 | 2050524 |
| Dallas Area Rapid Transit RB BAB |  |  |
| 5.02%, 12/01/48<sup>(c)</sup> | &nbsp;&nbsp; 3250 | 3126614 |
| Series B, 6.00%, 12/01/44 | &nbsp;&nbsp; 400 | 419921 |
| Dallas Convention Center Hotel Development <br> Corp. RB BAB, 7.09%, 01/01/42<br>| &nbsp;&nbsp; 685 | 778669 |
| Dallas County Hospital District GOL BAB, <br> Series C, Class C, 5.62%, 08/15/44<br>| &nbsp;&nbsp; 1250 | 1262766 |
| Dallas Fort Worth International Airport RB |  |  |
| 2.84%, 11/01/46 | &nbsp;&nbsp; 1720 | 1310416 |
| Class A, 2.99%, 11/01/38<sup>(c)</sup> | &nbsp;&nbsp; 1200 | 1076961 |
| Class A, 4.09%, 11/01/51<sup>(c)</sup> | &nbsp;&nbsp; 1245 | 1054484 |
| Class A, 4.51%, 11/01/51 | &nbsp;&nbsp; 4505 | 4047753 |
| Series A, Class A, 3.14%, 11/01/45 | &nbsp;&nbsp; 1405 | 1113131 |
| Series C, Class C, 2.92%, 11/01/50<sup>(c)</sup> | &nbsp;&nbsp; 2670 | 1942337 |
| Series C, Class C, 3.09%, 11/01/40 | &nbsp;&nbsp; 340 | 286658 |
| Dallas Independent School District GO BAB, <br> Series C, 6.45%, 02/15/35 (PSF)<br>| &nbsp;&nbsp; 400 | 400816 |
| Grand Parkway Transportation Corp. RB, <br> 3.24%, 10/01/52<sup>(c)</sup><br>| &nbsp;&nbsp; 4805 | 3503306 |
| North Texas Tollway Authority RB BAB, <br> Series B, Class B, 6.72%, 01/01/49<br>| &nbsp;&nbsp; 4120 | 4664905 |
| Permanent University Fund - Texas A&M <br> University System RB, Series B, Class B, <br> 3.66%, 07/01/47<br>| &nbsp;&nbsp; 2000 | 1714445 |
| Permanent University Fund - University of <br> Texas System RB, Series A, 3.38%, <br> 07/01/47<br>| &nbsp;&nbsp; 2125 | 1680756 |
| State of Texas GO BAB |  |  |
| 5.52%, 04/01/39<sup>(c)</sup> | &nbsp;&nbsp; 4967 | 5229990 |
| Series A, Class A, 4.68%, 04/01/40 | &nbsp;&nbsp; 2550 | 2556731 |
| Texas Department of Transportation State <br> Highway Fund RB, First Class, 5.18%, <br> 04/01/30<br>| &nbsp;&nbsp; 5115 | 5263782 |
| Texas Natural Gas Securitization Finance <br> Corp. RB<br>|  |  |
| 5.10%, 04/01/35<sup>(c)</sup> | &nbsp;&nbsp; 7113 | 7407582 |
| 5.17%, 04/01/41 | &nbsp;&nbsp; 6200 | 6467445 |
| Texas Private Activity Bond Surface <br> Transportation Corp. RB, Series B, Class B, <br> 3.92%, 12/31/49<br>| &nbsp;&nbsp; 3350 | 2789380 |
| Texas Transportation Commission GO, 2.47%, <br> 10/01/44<br>| &nbsp;&nbsp; 2505 | 1818431 |
|  |  | 73603226 |
| **Virginia — 0.0%** | **Virginia — 0.0%** | **Virginia — 0.0%** |
| University of Virginia RB |  |  |
| 2.26%, 09/01/50<sup>(c)</sup> | &nbsp;&nbsp; 2980 | 1803047 |
| 2.58%, 11/01/51 | &nbsp;&nbsp; 2915 | 1863719 |
| Series A, 3.23%, 09/01/19 | &nbsp;&nbsp; 790 | 464465 |
| Series C, 4.18%, 09/01/17 | &nbsp;&nbsp; 840 | 639640 |
| Williamsburg Economic Development Authority <br> RB, 4.96%, 11/01/35<br>| &nbsp;&nbsp; 720 | 744366 |
|  |  | 5515237 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Washington — 0.0%** | **Washington — 0.0%** | **Washington — 0.0%** |
| Central Puget Sound Regional Transit <br> Authority RB BAB, 5.49%, 11/01/39<br>| &nbsp;&nbsp; $1200 | $1251285 |
| **Wisconsin — 0.0%** | **Wisconsin — 0.0%** | **Wisconsin — 0.0%** |
| State of Wisconsin RB, Series C, 3.15%, <br> 05/01/27<br>| &nbsp;&nbsp; 2580 | 2565495 |
| **Total Municipal Debt Obligations — 0.4%** <br>**(Cost: $625,629,092)** | **Total Municipal Debt Obligations — 0.4%** <br>**(Cost: $625,629,092)** | 577524557 |
| **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** |
| **Mortgage-Backed Securities — 24.3%** | **Mortgage-Backed Securities — 24.3%** | **Mortgage-Backed Securities — 24.3%** |
| Federal Home Loan Mortgage Corp. |  |  |
| 2.50%, 10/01/27 | &nbsp;&nbsp; 23 | 22292 |
| 2.50%, 02/01/28 | &nbsp;&nbsp; 290 | 285819 |
| 2.50%, 01/01/30 | &nbsp;&nbsp; 4181 | 4103098 |
| 2.50%, 03/01/31 | &nbsp;&nbsp; 46 | 44777 |
| 2.50%, 08/01/31 | &nbsp;&nbsp; 1488 | 1452279 |
| 2.50%, 10/01/31 | &nbsp;&nbsp; 3520 | 3428580 |
| 2.50%, 11/01/31 | &nbsp;&nbsp; 21 | 20656 |
| 2.50%, 12/01/31 | &nbsp;&nbsp; 5540 | 5393053 |
| 2.50%, 02/01/32 | &nbsp;&nbsp; 6736 | 6556658 |
| 2.50%, 08/01/32 | &nbsp;&nbsp; 81 | 78282 |
| 2.50%, 01/01/33 | &nbsp;&nbsp; 5858 | 5676750 |
| 2.50%, 02/01/33 | &nbsp;&nbsp; 16 | 15827 |
| 2.50%, 04/01/33 | &nbsp;&nbsp; 753 | 726595 |
| 3.00%, 11/01/26 | &nbsp;&nbsp; 22 | 21905 |
| 3.00%, 01/01/27 | &nbsp;&nbsp; 11 | 11155 |
| 3.00%, 02/01/27 | &nbsp;&nbsp; 31 | 31067 |
| 3.00%, 04/01/27 | &nbsp;&nbsp; 35 | 35096 |
| 3.00%, 05/01/27 | &nbsp;&nbsp; 234 | 232043 |
| 3.00%, 06/01/27 | &nbsp;&nbsp; 241 | 239757 |
| 3.00%, 07/01/27 | &nbsp;&nbsp; 18 | 17464 |
| 3.00%, 08/01/27 | &nbsp;&nbsp; 32 | 31565 |
| 3.00%, 09/01/27 | &nbsp;&nbsp; 160 | 158894 |
| 3.00%, 11/01/27 | &nbsp;&nbsp; 54 | 53826 |
| 3.00%, 12/01/27 | &nbsp;&nbsp; 42 | 41399 |
| 3.00%, 01/01/28 | &nbsp;&nbsp; 7 | 6985 |
| 3.00%, 11/01/28 | &nbsp;&nbsp; 41 | 40438 |
| 3.00%, 01/01/29 | &nbsp;&nbsp; 43 | 42445 |
| 3.00%, 03/01/29 | &nbsp;&nbsp; 221 | 218371 |
| 3.00%, 05/01/29 | &nbsp;&nbsp; 6845 | 6777631 |
| 3.00%, 05/01/30 | &nbsp;&nbsp; 1654 | 1633903 |
| 3.00%, 06/01/30 | &nbsp;&nbsp; 764 | 755307 |
| 3.00%, 07/01/30 | &nbsp;&nbsp; 2076 | 2050421 |
| 3.00%, 12/01/30 | &nbsp;&nbsp; 4605 | 4545640 |
| 3.00%, 02/01/31 | &nbsp;&nbsp; 1616 | 1593446 |
| 3.00%, 05/01/31 | &nbsp;&nbsp; 3394 | 3344036 |
| 3.00%, 06/01/31 | &nbsp;&nbsp; 2427 | 2390113 |
| 3.00%, 08/01/31 | &nbsp;&nbsp; 20 | 19627 |
| 3.00%, 12/01/31 | &nbsp;&nbsp; 13 | 12837 |
| 3.00%, 02/01/32 | &nbsp;&nbsp; 44 | 43605 |
| 3.00%, 07/01/32 | &nbsp;&nbsp; 3970 | 3897170 |
| 3.00%, 09/01/32 | &nbsp;&nbsp; 5 | 5011 |
| 3.00%, 02/01/33 | &nbsp;&nbsp; 8 | 8316 |
| 3.00%, 05/01/33 | &nbsp;&nbsp; 1019 | 996285 |
| 3.00%, 06/01/42 | &nbsp;&nbsp; 345 | 324981 |
| 3.00%, 10/01/42 | &nbsp;&nbsp; 157 | 147991 |
| 3.00%, 01/01/43 | &nbsp;&nbsp; 361 | 340239 |
| 3.00%, 02/01/43 | &nbsp;&nbsp; 9274 | 8747455 |
| 3.00%, 12/01/44 | &nbsp;&nbsp; 27 | 25530 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 04/01/45 | &nbsp;&nbsp; $217 | $201600 |
| 3.00%, 08/01/45 | &nbsp;&nbsp; 143 | 133058 |
| 3.00%, 12/01/45 | &nbsp;&nbsp; 11 | 10425 |
| 3.00%, 01/01/46 | &nbsp;&nbsp; 852 | 793490 |
| 3.00%, 02/01/46 | &nbsp;&nbsp; 95 | 88525 |
| 3.00%, 07/01/46 | &nbsp;&nbsp; 1671 | 1549567 |
| 3.00%, 08/01/46 | &nbsp;&nbsp; 33427 | 30993341 |
| 3.00%, 09/01/46 | &nbsp;&nbsp; 13164 | 12293833 |
| 3.00%, 10/01/46 | &nbsp;&nbsp; 25375 | 23625961 |
| 3.00%, 11/01/46 | &nbsp;&nbsp; 19550 | 18127706 |
| 3.00%, 12/01/46 | &nbsp;&nbsp; 45016 | 41761628 |
| 3.00%, 01/01/47 | &nbsp;&nbsp; 10506 | 9741532 |
| 3.00%, 02/01/47 | &nbsp;&nbsp; 22633 | 20985576 |
| 3.00%, 03/01/47 | &nbsp;&nbsp; 114 | 105635 |
| 3.00%, 04/01/47 | &nbsp;&nbsp; 292 | 270715 |
| 3.00%, 05/01/47 | &nbsp;&nbsp; 17119 | 15972780 |
| 3.00%, 06/01/47 | &nbsp;&nbsp; 18501 | 17153905 |
| 3.00%, 08/01/47 | &nbsp;&nbsp; 2354 | 2182401 |
| 3.00%, 09/01/47 | &nbsp;&nbsp; 522 | 486310 |
| 3.00%, 10/01/47 | &nbsp;&nbsp; 5832 | 5407778 |
| 3.00%, 11/01/47 | &nbsp;&nbsp; 9 | 8590 |
| 3.00%, 01/01/48 | &nbsp;&nbsp; 13 | 11891 |
| 3.00%, 11/01/48 | &nbsp;&nbsp; 858 | 787938 |
| 3.00%, 03/01/49 | &nbsp;&nbsp; 173 | 158525 |
| 3.00%, 05/01/49 | &nbsp;&nbsp; 203 | 187690 |
| 3.00%, 06/01/49 | &nbsp;&nbsp; 135 | 123643 |
| 3.50%, 03/01/26 | &nbsp;&nbsp; 1 | 1420 |
| 3.50%, 06/01/26 | &nbsp;&nbsp; 6 | 5721 |
| 3.50%, 03/01/32 | &nbsp;&nbsp; 356 | 353027 |
| 3.50%, 05/01/32 | &nbsp;&nbsp; 1075 | 1067762 |
| 3.50%, 08/01/32 | &nbsp;&nbsp; 357 | 354026 |
| 3.50%, 09/01/32 | &nbsp;&nbsp; 448 | 444858 |
| 3.50%, 06/01/33 | &nbsp;&nbsp; 76 | 75184 |
| 3.50%, 07/01/33 | &nbsp;&nbsp; 3396 | 3363180 |
| 3.50%, 11/01/33 | &nbsp;&nbsp; 10 | 9817 |
| 3.50%, 06/01/34 | &nbsp;&nbsp; 3035 | 2995886 |
| 3.50%, 03/01/38 | &nbsp;&nbsp; 2528 | 2478621 |
| 3.50%, 06/01/38 | &nbsp;&nbsp; 675 | 661113 |
| 3.50%, 09/01/38 | &nbsp;&nbsp; 442 | 433114 |
| 3.50%, 02/01/42 | &nbsp;&nbsp; 44 | 43163 |
| 3.50%, 05/01/42 | &nbsp;&nbsp; 4 | 4259 |
| 3.50%, 09/01/42 | &nbsp;&nbsp; 7 | 6487 |
| 3.50%, 10/01/42 | &nbsp;&nbsp; 5600 | 5422736 |
| 3.50%, 11/01/42 | &nbsp;&nbsp; 429 | 415240 |
| 3.50%, 01/01/43 | &nbsp;&nbsp; 8 | 8014 |
| 3.50%, 04/01/43 | &nbsp;&nbsp; 2992 | 2907493 |
| 3.50%, 06/01/43 | &nbsp;&nbsp; 585 | 569685 |
| 3.50%, 07/01/43 | &nbsp;&nbsp; 989 | 958632 |
| 3.50%, 08/01/43 | &nbsp;&nbsp; 3570 | 3459215 |
| 3.50%, 10/01/43 | &nbsp;&nbsp; 730 | 710545 |
| 3.50%, 01/01/44 | &nbsp;&nbsp; 9256 | 8973940 |
| 3.50%, 02/01/44 | &nbsp;&nbsp; 4738 | 4613393 |
| 3.50%, 09/01/44 | &nbsp;&nbsp; 3602 | 3498004 |
| 3.50%, 10/01/44 | &nbsp;&nbsp; 5401 | 5203526 |
| 3.50%, 11/01/44 | &nbsp;&nbsp; 79 | 75585 |
| 3.50%, 12/01/45 | &nbsp;&nbsp; 7438 | 7110280 |
| 3.50%, 01/01/46 | &nbsp;&nbsp; 147 | 140556 |
| 3.50%, 03/01/46 | &nbsp;&nbsp; 19444 | 18743669 |
| 3.50%, 05/01/46 | &nbsp;&nbsp; 2564 | 2467720 |
| 3.50%, 06/01/46 | &nbsp;&nbsp; 76 | 73051 |
| 3.50%, 07/01/46 | &nbsp;&nbsp; 3490 | 3356150 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 08/01/46 | &nbsp;&nbsp; $2536 | $2436967 |
| 3.50%, 09/01/46 | &nbsp;&nbsp; 3890 | 3742503 |
| 3.50%, 10/01/46 | &nbsp;&nbsp; 808 | 775324 |
| 3.50%, 11/01/46 | &nbsp;&nbsp; 564 | 541227 |
| 3.50%, 12/01/46 | &nbsp;&nbsp; 2972 | 2843842 |
| 3.50%, 01/01/47 | &nbsp;&nbsp; 1517 | 1455731 |
| 3.50%, 02/01/47 | &nbsp;&nbsp; 4037 | 3877132 |
| 3.50%, 03/01/47 | &nbsp;&nbsp; 2559 | 2456387 |
| 3.50%, 04/01/47 | &nbsp;&nbsp; 5846 | 5588999 |
| 3.50%, 05/01/47 | &nbsp;&nbsp; 1191 | 1144191 |
| 3.50%, 07/01/47 | &nbsp;&nbsp; 4848 | 4633592 |
| 3.50%, 08/01/47 | &nbsp;&nbsp; 13914 | 13446947 |
| 3.50%, 09/01/47 | &nbsp;&nbsp; 18792 | 17961592 |
| 3.50%, 12/01/47 | &nbsp;&nbsp; 3118 | 2980504 |
| 3.50%, 01/01/48 | &nbsp;&nbsp; 13998 | 13481402 |
| 3.50%, 02/01/48 | &nbsp;&nbsp; 15541 | 14842268 |
| 3.50%, 03/01/48 | &nbsp;&nbsp; 6391 | 6100012 |
| 3.50%, 04/01/48 | &nbsp;&nbsp; 1456 | 1403271 |
| 3.50%, 05/01/48 | &nbsp;&nbsp; 7146 | 6812218 |
| 3.50%, 04/01/49 | &nbsp;&nbsp; 934 | 893681 |
| 3.50%, 05/01/49 | &nbsp;&nbsp; 2710 | 2586432 |
| 3.50%, 06/01/49 | &nbsp;&nbsp; 1361 | 1302734 |
| 4.00%, 05/01/26 | &nbsp;&nbsp; 9 | 8826 |
| 4.00%, 12/01/32 | &nbsp;&nbsp; 848 | 851291 |
| 4.00%, 04/01/33 | &nbsp;&nbsp; 1139 | 1142529 |
| 4.00%, 09/01/41 | &nbsp;&nbsp; 1941 | 1944353 |
| 4.00%, 02/01/42 | &nbsp;&nbsp; 1757 | 1759382 |
| 4.00%, 03/01/42 | &nbsp;&nbsp; 384 | 382408 |
| 4.00%, 06/01/42 | &nbsp;&nbsp; 2392 | 2395699 |
| 4.00%, 08/01/42 | &nbsp;&nbsp; 1078 | 1072658 |
| 4.00%, 07/01/44 | &nbsp;&nbsp; 2701 | 2684566 |
| 4.00%, 01/01/45 | &nbsp;&nbsp; 705 | 698094 |
| 4.00%, 02/01/45 | &nbsp;&nbsp; 990 | 983024 |
| 4.00%, 06/01/45 | &nbsp;&nbsp; 1606 | 1584769 |
| 4.00%, 08/01/45 | &nbsp;&nbsp; 2750 | 2714286 |
| 4.00%, 09/01/45 | &nbsp;&nbsp; 4345 | 4288844 |
| 4.00%, 01/01/46 | &nbsp;&nbsp; 1028 | 1014872 |
| 4.00%, 02/01/46 | &nbsp;&nbsp; 137 | 134819 |
| 4.00%, 03/01/46 | &nbsp;&nbsp; 278 | 273905 |
| 4.00%, 05/01/46 | &nbsp;&nbsp; 2587 | 2550321 |
| 4.00%, 06/01/46 | &nbsp;&nbsp; 51 | 49878 |
| 4.00%, 07/01/46 | &nbsp;&nbsp; 2330 | 2307000 |
| 4.00%, 08/01/46 | &nbsp;&nbsp; 77 | 76046 |
| 4.00%, 10/01/46 | &nbsp;&nbsp; 2079 | 2052131 |
| 4.00%, 11/01/46 | &nbsp;&nbsp; 5959 | 5873853 |
| 4.00%, 02/01/47 | &nbsp;&nbsp; 2564 | 2527221 |
| 4.00%, 08/01/47 | &nbsp;&nbsp; 193 | 189783 |
| 4.00%, 10/01/47 | &nbsp;&nbsp; 565 | 555495 |
| 4.00%, 11/01/47 | &nbsp;&nbsp; 1021 | 1002808 |
| 4.00%, 01/01/48 | &nbsp;&nbsp; 4081 | 4010197 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 6156 | 6063939 |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 104 | 101741 |
| 4.00%, 06/01/48 | &nbsp;&nbsp; 21395 | 21089188 |
| 4.00%, 07/01/48 | &nbsp;&nbsp; 95 | 93338 |
| 4.00%, 08/01/48 | &nbsp;&nbsp; 4091 | 4020133 |
| 4.00%, 10/01/48 | &nbsp;&nbsp; 1467 | 1444301 |
| 4.00%, 12/01/48 | &nbsp;&nbsp; 6845 | 6753300 |
| 4.00%, 01/01/49 | &nbsp;&nbsp; 1188 | 1167917 |
| 4.50%, 08/01/30 | &nbsp;&nbsp; 482 | 486377 |
| 4.50%, 03/01/39 | &nbsp;&nbsp; 613 | 622724 |
| 4.50%, 05/01/39 | &nbsp;&nbsp; 800 | 811944 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 10/01/39 | &nbsp;&nbsp; $489 | $496472 |
| 4.50%, 01/01/40 | &nbsp;&nbsp; 155 | 157092 |
| 4.50%, 02/01/41 | &nbsp;&nbsp; 985 | 1000739 |
| 4.50%, 04/01/41 | &nbsp;&nbsp; 32 | 32758 |
| 4.50%, 05/01/41 | &nbsp;&nbsp; 2590 | 2634568 |
| 4.50%, 05/01/42 | &nbsp;&nbsp; 2619 | 2661432 |
| 4.50%, 01/01/45 | &nbsp;&nbsp; 2044 | 2072590 |
| 4.50%, 11/01/45 | &nbsp;&nbsp; 158 | 159067 |
| 4.50%, 12/01/45 | &nbsp;&nbsp; 89 | 89964 |
| 4.50%, 01/01/46 | &nbsp;&nbsp; 3161 | 3197057 |
| 4.50%, 03/01/46 | &nbsp;&nbsp; 163 | 164963 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 384 | 387117 |
| 4.50%, 05/01/46 | &nbsp;&nbsp; 273 | 275063 |
| 4.50%, 07/01/46 | &nbsp;&nbsp; 64 | 64832 |
| 4.50%, 08/01/46 | &nbsp;&nbsp; 236 | 237897 |
| 4.50%, 09/01/46 | &nbsp;&nbsp; 1904 | 1931949 |
| 4.50%, 05/01/47 | &nbsp;&nbsp; 1561 | 1573670 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 866 | 873101 |
| 4.50%, 11/01/47 | &nbsp;&nbsp; 93 | 94120 |
| 4.50%, 04/01/48 | &nbsp;&nbsp; 5168 | 5187229 |
| 4.50%, 06/01/48 | &nbsp;&nbsp; 5992 | 6026895 |
| 4.50%, 07/01/48 | &nbsp;&nbsp; 970 | 981202 |
| 4.50%, 09/01/48 | &nbsp;&nbsp; 712 | 714434 |
| 4.50%, 10/01/48 | &nbsp;&nbsp; 4977 | 5035406 |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 27 | 27755 |
| 4.50%, 12/01/48 | &nbsp;&nbsp; 4795 | 4813138 |
| 4.50%, 01/01/49 | &nbsp;&nbsp; 1156 | 1160727 |
| 4.50%, 05/01/49 | &nbsp;&nbsp; 10 | 10053 |
| 5.00%, 04/01/33 | &nbsp;&nbsp; 1541 | 1581306 |
| 5.00%, 06/01/33 | &nbsp;&nbsp; 187 | 191513 |
| 5.00%, 12/01/33 | &nbsp;&nbsp; 358 | 367049 |
| 5.00%, 07/01/35 | &nbsp;&nbsp; 770 | 791308 |
| 5.00%, 01/01/36 | &nbsp;&nbsp; 378 | 388851 |
| 5.00%, 01/01/37 | &nbsp;&nbsp; 45 | 46176 |
| 5.00%, 02/01/37 | &nbsp;&nbsp; 45 | 46412 |
| 5.00%, 02/01/38 | &nbsp;&nbsp; 235 | 242148 |
| 5.00%, 03/01/38 | &nbsp;&nbsp; 1826 | 1886112 |
| 5.00%, 12/01/38 | &nbsp;&nbsp; 215 | 221502 |
| 5.00%, 03/01/40 | &nbsp;&nbsp; 57 | 59833 |
| 5.00%, 08/01/40 | &nbsp;&nbsp; 293 | 302368 |
| 5.00%, 09/01/40 | &nbsp;&nbsp; 1175 | 1214166 |
| 5.00%, 08/01/41 | &nbsp;&nbsp; 364 | 378085 |
| 5.00%, 09/01/47 | &nbsp;&nbsp; 247 | 253411 |
| 5.00%, 03/01/48 | &nbsp;&nbsp; 222 | 227197 |
| 5.00%, 04/01/48 | &nbsp;&nbsp; 4230 | 4324390 |
| 5.00%, 07/01/48 | &nbsp;&nbsp; 662 | 678043 |
| 5.00%, 10/01/48 | &nbsp;&nbsp; 542 | 555065 |
| 5.00%, 11/01/48 | &nbsp;&nbsp; 534 | 548853 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 346 | 355129 |
| 5.00%, 06/01/49 | &nbsp;&nbsp; 265 | 268538 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 537 | 556683 |
| 5.50%, 05/01/35 | &nbsp;&nbsp; 590 | 615323 |
| 5.50%, 06/01/35 | &nbsp;&nbsp; 330 | 343889 |
| 5.50%, 05/01/36 | &nbsp;&nbsp; 420 | 439060 |
| 5.50%, 07/01/36 | &nbsp;&nbsp; 730 | 763463 |
| 5.50%, 03/01/38 | &nbsp;&nbsp; 759 | 794955 |
| 5.50%, 04/01/38 | &nbsp;&nbsp; 126 | 131995 |
| 5.50%, 01/01/39 | &nbsp;&nbsp; 345 | 359186 |
| 5.50%, 11/01/39 | &nbsp;&nbsp; 369 | 386079 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 362 | 378929 |
| 6.00%, 02/01/37 | &nbsp;&nbsp; 313 | 331731 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.00%, 11/01/37 | &nbsp;&nbsp; $1269 | $1352952 |
| 6.00%, 09/01/38 | &nbsp;&nbsp; 18 | 19264 |
| 6.15%, 11/01/40, (RFUCCT1Y + 1.78%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4858 |
| 6.15%, 01/01/42, (RFUCCT1Y + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 3 | 2932 |
| 6.31%, 08/01/41, (RFUCCT1Y + 1.64%)<sup>(a)</sup> | &nbsp;&nbsp; 88 | 90213 |
| 6.40%, 11/01/40, (RFUCCT1Y + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 73 | 75163 |
| 6.42%, 12/01/38, (RFUCCT1Y + 1.75%)<sup>(a)</sup> | &nbsp;&nbsp; 278 | 283938 |
| 6.43%, 11/01/40, (RFUCCT1Y + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 101 | 103917 |
| 6.57%, 11/01/41, (RFUCCT1Y + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 124 | 127534 |
| 6.63%, 09/01/41, (RFUCCT1Y + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 197 | 202159 |
| 6.77%, 05/01/42, (RFUCCT1Y + 1.81%)<sup>(a)</sup> | &nbsp;&nbsp; 142 | 146780 |
| Federal Home Loan Mortgage Corp. <br> Multifamily Structured <br> Pass-Through Certificates<br>|  |  |
| 2.03%, 09/25/28 | &nbsp;&nbsp; 3000 | 2883132 |
| Class A2, 2.92%, 06/25/32 | &nbsp;&nbsp; 23000 | 21706848 |
| Series K069, Class A2, 3.19%, 09/25/27<sup>(a)</sup> | &nbsp;&nbsp; 6925 | 6863264 |
| Series K070, Class A2, 3.30%, 11/25/27<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 1985211 |
| Series K072, Class A2, 3.44%, 12/25/27 | &nbsp;&nbsp; 17760 | 17664856 |
| Series K074, Class A2, 3.60%, 01/25/28 | &nbsp;&nbsp; 9954 | 9928741 |
| Series K076, Class A2, 3.90%, 04/25/28 | &nbsp;&nbsp; 5000 | 5015436 |
| Series K081, Class A2, 3.90%, 08/25/28<sup>(a)</sup> | &nbsp;&nbsp; 19091 | 19174786 |
| Series K085, Class A2, 4.06%, 10/25/28<sup>(a)</sup> | &nbsp;&nbsp; 23000 | 23194080 |
| Series K086, Class A2, 3.86%, 11/25/28<sup>(a)</sup> | &nbsp;&nbsp; 17500 | 17565837 |
| Series K089, Class A2, 3.56%, 01/25/29 | &nbsp;&nbsp; 10000 | 9963506 |
| Series K092, Class A2, 3.30%, 04/25/29 | &nbsp;&nbsp; 414 | 409095 |
| Series K098, Class A2, 2.43%, 08/25/29 | &nbsp;&nbsp; 20000 | 19195039 |
| Series K100, Class A2, 2.67%, 09/25/29 | &nbsp;&nbsp; 27650 | 26709008 |
| Series K101, Class A2, 2.52%, 10/25/29 | &nbsp;&nbsp; 31000 | 29774605 |
| Series K105, Class A2, 1.87%, 01/25/30 | &nbsp;&nbsp; 4775 | 4462672 |
| Series K108, Class A2, 1.52%, 03/25/30 | &nbsp;&nbsp; 3000 | 2762562 |
| Series K110, Class A2, 1.48%, 04/25/30 | &nbsp;&nbsp; 13200 | 12111710 |
| Series K111, Class A2, 1.35%, 05/25/30 | &nbsp;&nbsp; 5000 | 4549427 |
| Series K114, Class A2, 1.37%, 06/25/30 | &nbsp;&nbsp; 7000 | 6347730 |
| Series K117, Class A2, 1.41%, 08/25/30 | &nbsp;&nbsp; 20000 | 18112219 |
| Series K120, Class A2, 1.50%, 10/25/30 | &nbsp;&nbsp; 1150 | 1040813 |
| Series K124, Class A2, 1.66%, 12/25/30 | &nbsp;&nbsp; 3435 | 3120446 |
| Series K126, Class A2, 2.07%, 01/25/31 | &nbsp;&nbsp; 19440 | 17998891 |
| Series K128, Class A2, 2.02%, 03/25/31 | &nbsp;&nbsp; 5500 | 5069892 |
| Series K130, Class A2, 1.72%, 06/25/31 | &nbsp;&nbsp; 7000 | 6317782 |
| Series K135, CLASS A2, 2.15%, <br> 10/25/31<sup>(a)</sup><br>| &nbsp;&nbsp; 4670 | 4269092 |
| Series K1510, Class A3, 3.79%, 01/25/34 | &nbsp;&nbsp; 20000 | 19630032 |
| Series K-1512, Class A2, 2.99%, 05/25/31 | &nbsp;&nbsp; 10960 | 10543983 |
| Series K-1512, Class A3, 3.06%, 04/25/34 | &nbsp;&nbsp; 16190 | 14987629 |
| Series K-1514, Class A2, 2.86%, 10/25/34 | &nbsp;&nbsp; 13000 | 11776937 |
| Series K-1520, Class A2, 2.44%, 02/25/36 | &nbsp;&nbsp; 7564 | 6448866 |
| Series K-1521, Class A2, 2.18%, 08/25/36 | &nbsp;&nbsp; 2125 | 1751819 |
| Series K154, Class A2, 3.42%, 04/25/32 | &nbsp;&nbsp; 2000 | 1981418 |
| Series K739, Class A2, 1.34%, 09/25/27 | &nbsp;&nbsp; 24919 | 24171646 |
| Federal National Mortgage Association |  |  |
| 3.00%, 02/01/47 | &nbsp;&nbsp; 6678 | 6261003 |
| 3.00%, 03/01/47 | &nbsp;&nbsp; 5769 | 5289717 |
| 3.50%, 11/01/51 | &nbsp;&nbsp; 4645 | 4470142 |
| 4.00%, 02/01/47 | &nbsp;&nbsp; 7171 | 7140364 |
| 4.00%, 01/01/57 | &nbsp;&nbsp; 5296 | 5158697 |
| 4.00%, 02/01/57 | &nbsp;&nbsp; 5845 | 5693339 |
| 5.96%, 02/01/42, (RFUCCT1Y + 1.81%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 55885 |
| 6.47%, 08/01/41, (RFUCCT1Y + 1.75%)<sup>(a)</sup> | &nbsp;&nbsp; 83 | 84651 |
| 6.53%, 10/01/41, (RFUCCT1Y + 1.82%)<sup>(a)</sup> | &nbsp;&nbsp; 251 | 258244 |
| 6.59%, 04/01/44, (RFUCCT1Y + 1.59%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 127555 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| Series 2015-M10, Class A2, 3.09%, <br> 04/25/27<sup>(a)</sup><br>| &nbsp;&nbsp; $2021 | $2005782 |
| Series 2017-M4, Class A2, 2.57%, <br> 12/25/26<sup>(a)</sup><br>| &nbsp;&nbsp; 16110 | 15934711 |
| Series 2017-M8, Class A2, 3.06%, <br> 05/25/27<sup>(a)</sup><br>| &nbsp;&nbsp; 6622 | 6564576 |
| Series 2018-M10, Class A2, 3.36%, <br> 07/25/28<sup>(a)</sup><br>| &nbsp;&nbsp; 2758 | 2742463 |
| Series 2018-M12, Class A2, 3.63%, <br> 08/25/30<sup>(a)</sup><br>| &nbsp;&nbsp; 11477 | 11427841 |
| Series 2018-M13, Class A2, 3.75%, <br> 09/25/30<sup>(a)</sup><br>| &nbsp;&nbsp; 6918 | 6915348 |
| Series 2018-M2, Class A2, 2.93%, <br> 01/25/28<sup>(a)</sup><br>| &nbsp;&nbsp; 7152 | 7056185 |
| Series 2019-M2, Class A2, 3.63%, <br> 11/25/28<sup>(a)</sup><br>| &nbsp;&nbsp; 4250 | 4247562 |
| Series 2019-M22, Class A2, 2.52%, <br> 08/25/29<br>| &nbsp;&nbsp; 19904 | 19195483 |
| Series 2019-M5, Class A2, 3.27%, <br> 02/25/29<br>| &nbsp;&nbsp; 13239 | 13095935 |
| Series 2019-M9, Class A2, 2.94%, <br> 06/25/29<br>| &nbsp;&nbsp; 3054 | 2993870 |
| Series 2021-M13, Class A2, 1.60%, <br> 04/25/31<sup>(a)</sup><br>| &nbsp;&nbsp; 17050 | 15325529 |
| Series 2021-M17, Class A2, 1.71%, <br> 07/25/31<sup>(a)</sup><br>| &nbsp;&nbsp; 20500 | 18501692 |
| Series 2022-M1, Class A2, 1.67%, <br> 10/25/31<sup>(a)</sup><br>| &nbsp;&nbsp; 29670 | 26418256 |
| Government National Mortgage Association |  |  |
| 1.50%, 10/20/51 | &nbsp;&nbsp; 3689 | 2981504 |
| 2.00%, 07/20/50 | &nbsp;&nbsp; 4326 | 3671523 |
| 2.00%, 08/20/50 | &nbsp;&nbsp; 62485 | 53022769 |
| 2.00%, 09/20/50 | &nbsp;&nbsp; 9719 | 8236232 |
| 2.00%, 10/20/50 | &nbsp;&nbsp; 42664 | 36196371 |
| 2.00%, 11/20/50 | &nbsp;&nbsp; 34740 | 29440679 |
| 2.00%, 12/20/50 | &nbsp;&nbsp; 62834 | 53255775 |
| 2.00%, 01/20/51 | &nbsp;&nbsp; 25892 | 21944516 |
| 2.00%, 02/20/51 | &nbsp;&nbsp; 183550 | 155538233 |
| 2.00%, 05/20/51 | &nbsp;&nbsp; 2523 | 2138195 |
| 2.00%, 06/20/51 | &nbsp;&nbsp; 5741 | 4865210 |
| 2.00%, 08/20/51 | &nbsp;&nbsp; 102786 | 87099794 |
| 2.00%, 10/20/51 | &nbsp;&nbsp; 72669 | 61579049 |
| 2.00%, 11/20/51 | &nbsp;&nbsp; 56953 | 48261808 |
| 2.00%, 12/20/51 | &nbsp;&nbsp; 188693 | 159896698 |
| 2.00%, 01/20/52 | &nbsp;&nbsp; 109459 | 92754845 |
| 2.00%, 02/20/52 | &nbsp;&nbsp; 101303 | 85839397 |
| 2.00%, 03/20/52 | &nbsp;&nbsp; 163033 | 138146664 |
| 2.00%, 04/20/52 | &nbsp;&nbsp; 38455 | 32585416 |
| 2.00%, 06/20/52 | &nbsp;&nbsp; 30657 | 25977130 |
| 2.00%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 1243 | 1052849 |
| 2.50%, 02/15/28 | &nbsp;&nbsp; 15 | 14549 |
| 2.50%, 10/20/31 | &nbsp;&nbsp; 37 | 35990 |
| 2.50%, 05/20/45 | &nbsp;&nbsp; 2407 | 2159527 |
| 2.50%, 11/20/46 | &nbsp;&nbsp; 332 | 297683 |
| 2.50%, 12/20/46 | &nbsp;&nbsp; 10404 | 9338112 |
| 2.50%, 01/20/47 | &nbsp;&nbsp; 4822 | 4327777 |
| 2.50%, 06/20/50 | &nbsp;&nbsp; 12579 | 11116291 |
| 2.50%, 08/20/50 | &nbsp;&nbsp; 14044 | 12248969 |
| 2.50%, 09/20/50 | &nbsp;&nbsp; 31612 | 27570915 |
| 2.50%, 01/20/51 | &nbsp;&nbsp; 65637 | 57984647 |
| 2.50%, 02/20/51 | &nbsp;&nbsp; 110204 | 97276037 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.50%, 04/20/51 | &nbsp;&nbsp; $3480 | $3071393 |
| 2.50%, 05/20/51 | &nbsp;&nbsp; 227564 | 200868662 |
| 2.50%, 06/20/51 | &nbsp;&nbsp; 6950 | 6134484 |
| 2.50%, 07/20/51 | &nbsp;&nbsp; 194296 | 171503199 |
| 2.50%, 08/20/51 | &nbsp;&nbsp; 184640 | 162979745 |
| 2.50%, 09/20/51 | &nbsp;&nbsp; 3757 | 3315890 |
| 2.50%, 10/20/51 | &nbsp;&nbsp; 3412 | 3011811 |
| 2.50%, 11/20/51 | &nbsp;&nbsp; 27969 | 24687566 |
| 2.50%, 12/20/51 | &nbsp;&nbsp; 79477 | 70153646 |
| 2.50%, 01/20/52 | &nbsp;&nbsp; 36077 | 31844378 |
| 2.50%, 02/20/52 | &nbsp;&nbsp; 2875 | 2538111 |
| 2.50%, 03/20/52 | &nbsp;&nbsp; 154220 | 136129794 |
| 2.50%, 04/20/52 | &nbsp;&nbsp; 76254 | 67309712 |
| 2.50%, 05/20/52 | &nbsp;&nbsp; 22182 | 19580158 |
| 2.50%, 07/20/52 | &nbsp;&nbsp; 7081 | 6250558 |
| 2.50%, 08/20/52 | &nbsp;&nbsp; 13819 | 12197977 |
| 2.50%, 09/20/52 | &nbsp;&nbsp; 26133 | 23067397 |
| 2.50%, 12/20/52 | &nbsp;&nbsp; 6016 | 5310055 |
| 2.50%, 10/20/53 | &nbsp;&nbsp; 2143 | 1891812 |
| 2.50%, 03/20/54 | &nbsp;&nbsp; 3805 | 3358769 |
| 2.50%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 12798 | 11291332 |
| 3.00%, 08/20/42 | &nbsp;&nbsp; 3679 | 3475946 |
| 3.00%, 09/15/42 | &nbsp;&nbsp; 8 | 7513 |
| 3.00%, 10/15/42 | &nbsp;&nbsp; 21 | 19531 |
| 3.00%, 03/15/43 | &nbsp;&nbsp; 122 | 114668 |
| 3.00%, 06/15/43 | &nbsp;&nbsp; 21 | 19563 |
| 3.00%, 07/15/43 | &nbsp;&nbsp; 53 | 49894 |
| 3.00%, 09/20/43 | &nbsp;&nbsp; 4265 | 4022216 |
| 3.00%, 11/15/43 | &nbsp;&nbsp; 404 | 380562 |
| 3.00%, 01/15/44 | &nbsp;&nbsp; 3761 | 3546520 |
| 3.00%, 08/20/44 | &nbsp;&nbsp; 10829 | 10211902 |
| 3.00%, 10/15/44 | &nbsp;&nbsp; 89 | 86450 |
| 3.00%, 03/20/45 | &nbsp;&nbsp; 3551 | 3301485 |
| 3.00%, 05/20/45 | &nbsp;&nbsp; 14613 | 13586675 |
| 3.00%, 06/20/45 | &nbsp;&nbsp; 4812 | 4474145 |
| 3.00%, 07/20/45 | &nbsp;&nbsp; 9679 | 8999089 |
| 3.00%, 10/20/45 | &nbsp;&nbsp; 3309 | 3076533 |
| 3.00%, 11/20/45 | &nbsp;&nbsp; 2122 | 1973147 |
| 3.00%, 12/20/45 | &nbsp;&nbsp; 3874 | 3602203 |
| 3.00%, 02/20/46 | &nbsp;&nbsp; 11564 | 10752146 |
| 3.00%, 04/20/46 | &nbsp;&nbsp; 5271 | 4898562 |
| 3.00%, 05/20/46 | &nbsp;&nbsp; 8709 | 8094173 |
| 3.00%, 06/20/46 | &nbsp;&nbsp; 10357 | 9625474 |
| 3.00%, 07/20/46 | &nbsp;&nbsp; 14562 | 13533522 |
| 3.00%, 08/20/46 | &nbsp;&nbsp; 25675 | 23861585 |
| 3.00%, 09/20/46 | &nbsp;&nbsp; 19158 | 17804804 |
| 3.00%, 11/20/46 | &nbsp;&nbsp; 5200 | 4839757 |
| 3.00%, 12/15/46 | &nbsp;&nbsp; 6681 | 6136177 |
| 3.00%, 12/20/46 | &nbsp;&nbsp; 30027 | 27906243 |
| 3.00%, 01/20/47 | &nbsp;&nbsp; 1582 | 1469899 |
| 3.00%, 02/15/47 | &nbsp;&nbsp; 9484 | 8810381 |
| 3.00%, 02/20/47 | &nbsp;&nbsp; 9665 | 8982657 |
| 3.00%, 03/20/47 | &nbsp;&nbsp; 8815 | 8192333 |
| 3.00%, 04/20/47 | &nbsp;&nbsp; 194 | 179863 |
| 3.00%, 06/20/47 | &nbsp;&nbsp; 4241 | 3935334 |
| 3.00%, 09/20/47 | &nbsp;&nbsp; 250 | 231903 |
| 3.00%, 10/20/47 | &nbsp;&nbsp; 5130 | 4760213 |
| 3.00%, 11/20/47 | &nbsp;&nbsp; 93 | 86590 |
| 3.00%, 12/20/47 | &nbsp;&nbsp; 2236 | 2074626 |
| 3.00%, 02/20/48 | &nbsp;&nbsp; 4089 | 3769012 |
| 3.00%, 03/20/48 | &nbsp;&nbsp; 14 | 13023 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 03/20/49 | &nbsp;&nbsp; $8743 | $8125423 |
| 3.00%, 07/20/49 | &nbsp;&nbsp; 6989 | 6451839 |
| 3.00%, 09/20/49 | &nbsp;&nbsp; 21425 | 19750697 |
| 3.00%, 10/15/49 | &nbsp;&nbsp; 7459 | 6843442 |
| 3.00%, 10/20/49 | &nbsp;&nbsp; 11399 | 10504266 |
| 3.00%, 11/20/49 | &nbsp;&nbsp; 127 | 117006 |
| 3.00%, 12/20/49 | &nbsp;&nbsp; 67717 | 62357687 |
| 3.00%, 01/20/50 | &nbsp;&nbsp; 36107 | 33207142 |
| 3.00%, 02/20/50 | &nbsp;&nbsp; 44969 | 41351245 |
| 3.00%, 07/20/50 | &nbsp;&nbsp; 23336 | 21462303 |
| 3.00%, 02/20/51 | &nbsp;&nbsp; 1427 | 1311576 |
| 3.00%, 03/20/51 | &nbsp;&nbsp; 8534 | 7842780 |
| 3.00%, 06/20/51 | &nbsp;&nbsp; 1368 | 1256473 |
| 3.00%, 08/20/51 | &nbsp;&nbsp; 59807 | 54901849 |
| 3.00%, 09/20/51 | &nbsp;&nbsp; 19567 | 17960547 |
| 3.00%, 10/20/51 | &nbsp;&nbsp; 22494 | 20645648 |
| 3.00%, 11/20/51 | &nbsp;&nbsp; 40882 | 37519439 |
| 3.00%, 12/20/51 | &nbsp;&nbsp; 46111 | 42314881 |
| 3.00%, 02/20/52 | &nbsp;&nbsp; 43463 | 39878268 |
| 3.00%, 03/20/52 | &nbsp;&nbsp; 36082 | 32896113 |
| 3.00%, 04/20/52 | &nbsp;&nbsp; 31076 | 28322989 |
| 3.00%, 05/20/52 | &nbsp;&nbsp; 43619 | 40008667 |
| 3.00%, 06/20/52 | &nbsp;&nbsp; 46086 | 42272078 |
| 3.00%, 07/20/52 | &nbsp;&nbsp; 31373 | 28776197 |
| 3.00%, 08/20/52 | &nbsp;&nbsp; 10501 | 9631525 |
| 3.00%, 09/20/52 | &nbsp;&nbsp; 14179 | 13005496 |
| 3.00%, 11/20/52 | &nbsp;&nbsp; 2029 | 1861456 |
| 3.00%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 10107 | 9268915 |
| 3.50%, 11/20/40 | &nbsp;&nbsp; 46 | 44878 |
| 3.50%, 12/20/40 | &nbsp;&nbsp; 33 | 32092 |
| 3.50%, 05/20/41 | &nbsp;&nbsp; 66 | 63923 |
| 3.50%, 09/15/41 | &nbsp;&nbsp; 113 | 109887 |
| 3.50%, 10/15/41 | &nbsp;&nbsp; 165 | 159842 |
| 3.50%, 12/15/41 | &nbsp;&nbsp; 1045 | 1013479 |
| 3.50%, 04/15/42 | &nbsp;&nbsp; 75 | 72887 |
| 3.50%, 08/20/42 | &nbsp;&nbsp; 6571 | 6364670 |
| 3.50%, 09/15/42 | &nbsp;&nbsp; 233 | 226422 |
| 3.50%, 09/20/42 | &nbsp;&nbsp; 7803 | 7557703 |
| 3.50%, 10/15/42 | &nbsp;&nbsp; 193 | 186580 |
| 3.50%, 10/20/42 | &nbsp;&nbsp; 20973 | 20314606 |
| 3.50%, 11/15/42 | &nbsp;&nbsp; 323 | 313668 |
| 3.50%, 11/20/42 | &nbsp;&nbsp; 18235 | 17662762 |
| 3.50%, 12/15/42 | &nbsp;&nbsp; 480 | 465799 |
| 3.50%, 12/20/42 | &nbsp;&nbsp; 6463 | 6260152 |
| 3.50%, 02/15/43 | &nbsp;&nbsp; 311 | 301546 |
| 3.50%, 02/20/43 | &nbsp;&nbsp; 122 | 118421 |
| 3.50%, 03/15/43 | &nbsp;&nbsp; 301 | 292330 |
| 3.50%, 03/20/43 | &nbsp;&nbsp; 549 | 531523 |
| 3.50%, 04/15/43 | &nbsp;&nbsp; 16 | 15130 |
| 3.50%, 04/20/43 | &nbsp;&nbsp; 148 | 143836 |
| 3.50%, 05/15/43 | &nbsp;&nbsp; 580 | 562074 |
| 3.50%, 06/15/43 | &nbsp;&nbsp; 8127 | 7879670 |
| 3.50%, 08/20/43 | &nbsp;&nbsp; 102 | 98378 |
| 3.50%, 09/20/43 | &nbsp;&nbsp; 50 | 48258 |
| 3.50%, 10/20/43 | &nbsp;&nbsp; 136 | 131762 |
| 3.50%, 01/15/44 | &nbsp;&nbsp; 93 | 90319 |
| 3.50%, 01/20/44 | &nbsp;&nbsp; 4181 | 4048126 |
| 3.50%, 02/20/44 | &nbsp;&nbsp; 1355 | 1312026 |
| 3.50%, 03/20/44 | &nbsp;&nbsp; 814 | 787772 |
| 3.50%, 07/20/44 | &nbsp;&nbsp; 23 | 22032 |
| 3.50%, 08/15/44 | &nbsp;&nbsp; 19 | 18720 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 08/20/44 | &nbsp;&nbsp; $4416 | $4267571 |
| 3.50%, 09/15/44 | &nbsp;&nbsp; 55 | 53360 |
| 3.50%, 09/20/44 | &nbsp;&nbsp; 7998 | 7727881 |
| 3.50%, 10/15/44 | &nbsp;&nbsp; 134 | 129217 |
| 3.50%, 10/20/44 | &nbsp;&nbsp; 1211 | 1170802 |
| 3.50%, 11/20/44 | &nbsp;&nbsp; 12 | 11154 |
| 3.50%, 12/20/44 | &nbsp;&nbsp; 747 | 721562 |
| 3.50%, 01/15/45 | &nbsp;&nbsp; 49 | 46910 |
| 3.50%, 01/20/45 | &nbsp;&nbsp; 105 | 101045 |
| 3.50%, 03/15/45 | &nbsp;&nbsp; 66 | 64008 |
| 3.50%, 04/20/45 | &nbsp;&nbsp; 7712 | 7424978 |
| 3.50%, 05/20/45 | &nbsp;&nbsp; 2970 | 2827293 |
| 3.50%, 06/15/45 | &nbsp;&nbsp; 31 | 30002 |
| 3.50%, 06/20/45 | &nbsp;&nbsp; 4349 | 4187293 |
| 3.50%, 07/20/45 | &nbsp;&nbsp; 113 | 108467 |
| 3.50%, 08/20/45 | &nbsp;&nbsp; 352 | 336855 |
| 3.50%, 09/20/45 | &nbsp;&nbsp; 11320 | 10897586 |
| 3.50%, 10/20/45 | &nbsp;&nbsp; 1099 | 1057933 |
| 3.50%, 11/20/45 | &nbsp;&nbsp; 8060 | 7759720 |
| 3.50%, 12/20/45 | &nbsp;&nbsp; 4472 | 4305928 |
| 3.50%, 03/20/46 | &nbsp;&nbsp; 16453 | 15811300 |
| 3.50%, 04/20/46 | &nbsp;&nbsp; 7275 | 6991511 |
| 3.50%, 06/20/46 | &nbsp;&nbsp; 32029 | 30779379 |
| 3.50%, 07/20/46 | &nbsp;&nbsp; 196 | 187880 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 43 | 40894 |
| 3.50%, 11/20/46 | &nbsp;&nbsp; 328 | 315336 |
| 3.50%, 12/20/46 | &nbsp;&nbsp; 9387 | 9020877 |
| 3.50%, 01/15/47 | &nbsp;&nbsp; 33 | 31486 |
| 3.50%, 01/20/47 | &nbsp;&nbsp; 2211 | 2124737 |
| 3.50%, 02/20/47 | &nbsp;&nbsp; 37603 | 36135927 |
| 3.50%, 03/20/47 | &nbsp;&nbsp; 14030 | 13478046 |
| 3.50%, 04/20/47 | &nbsp;&nbsp; 12476 | 11984046 |
| 3.50%, 06/20/47 | &nbsp;&nbsp; 2749 | 2641042 |
| 3.50%, 07/20/47 | &nbsp;&nbsp; 346 | 332241 |
| 3.50%, 08/20/47 | &nbsp;&nbsp; 18122 | 17409114 |
| 3.50%, 09/15/47 | &nbsp;&nbsp; 40 | 38287 |
| 3.50%, 09/20/47 | &nbsp;&nbsp; 26266 | 25231793 |
| 3.50%, 10/20/47 | &nbsp;&nbsp; 11248 | 10752457 |
| 3.50%, 11/15/47 | &nbsp;&nbsp; 16 | 14992 |
| 3.50%, 11/20/47 | &nbsp;&nbsp; 15673 | 15056251 |
| 3.50%, 12/15/47 | &nbsp;&nbsp; 5 | 4856 |
| 3.50%, 12/20/47 | &nbsp;&nbsp; 8320 | 7835095 |
| 3.50%, 01/20/48 | &nbsp;&nbsp; 7588 | 7289480 |
| 3.50%, 02/20/48 | &nbsp;&nbsp; 2565 | 2464495 |
| 3.50%, 04/20/48 | &nbsp;&nbsp; 25189 | 24144563 |
| 3.50%, 05/15/48 | &nbsp;&nbsp; 228 | 218596 |
| 3.50%, 05/20/48 | &nbsp;&nbsp; 17477 | 16789062 |
| 3.50%, 08/20/48 | &nbsp;&nbsp; 3270 | 3138610 |
| 3.50%, 09/20/48 | &nbsp;&nbsp; 1543 | 1482418 |
| 3.50%, 11/20/48 | &nbsp;&nbsp; 2643 | 2536305 |
| 3.50%, 01/20/49 | &nbsp;&nbsp; 4309 | 4139130 |
| 3.50%, 06/20/49 | &nbsp;&nbsp; 532 | 508163 |
| 3.50%, 09/20/49 | &nbsp;&nbsp; 4297 | 4104755 |
| 3.50%, 10/20/49 | &nbsp;&nbsp; 5472 | 5227053 |
| 3.50%, 12/20/49 | &nbsp;&nbsp; 10762 | 10281488 |
| 3.50%, 01/20/50 | &nbsp;&nbsp; 21735 | 20763773 |
| 3.50%, 03/20/50 | &nbsp;&nbsp; 6062 | 5791518 |
| 3.50%, 08/20/50 | &nbsp;&nbsp; 4894 | 4674221 |
| 3.50%, 10/20/51 | &nbsp;&nbsp; 2035 | 1936187 |
| 3.50%, 01/20/52 | &nbsp;&nbsp; 7962 | 7574839 |
| 3.50%, 02/20/52 | &nbsp;&nbsp; 14858 | 14135427 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 04/20/52 | &nbsp;&nbsp; $1469 | $1397826 |
| 3.50%, 05/20/52 | &nbsp;&nbsp; 27885 | 26485589 |
| 3.50%, 07/20/52 | &nbsp;&nbsp; 36826 | 34975259 |
| 3.50%, 08/20/52 | &nbsp;&nbsp; 6818 | 6475686 |
| 3.50%, 10/20/52 | &nbsp;&nbsp; 12154 | 11550197 |
| 3.50%, 12/20/52 | &nbsp;&nbsp; 8880 | 8433591 |
| 3.50%, 01/20/53 | &nbsp;&nbsp; 32076 | 30461438 |
| 3.50%, 05/20/53 | &nbsp;&nbsp; 20792 | 19863084 |
| 3.50%, 06/20/53 | &nbsp;&nbsp; 19423 | 18551627 |
| 3.50%, 07/20/53 | &nbsp;&nbsp; 37339 | 35663714 |
| 3.50%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 70926 | 66559069 |
| 4.00%, 06/15/39 | &nbsp;&nbsp; 4 | 4181 |
| 4.00%, 09/20/40 | &nbsp;&nbsp; 1661 | 1645032 |
| 4.00%, 01/15/41 | &nbsp;&nbsp; 1 | 622 |
| 4.00%, 01/20/41 | &nbsp;&nbsp; 544 | 538929 |
| 4.00%, 02/15/41 | &nbsp;&nbsp; 1380 | 1369292 |
| 4.00%, 05/20/41 | &nbsp;&nbsp; 10 | 10285 |
| 4.00%, 07/15/41 | &nbsp;&nbsp; 648 | 643043 |
| 4.00%, 09/15/41 | &nbsp;&nbsp; 15 | 14784 |
| 4.00%, 09/20/41 | &nbsp;&nbsp; 726 | 719312 |
| 4.00%, 10/15/41 | &nbsp;&nbsp; 268 | 265042 |
| 4.00%, 11/15/41 | &nbsp;&nbsp; 145 | 143499 |
| 4.00%, 12/15/41 | &nbsp;&nbsp; 597 | 591787 |
| 4.00%, 12/20/41 | &nbsp;&nbsp; 2446 | 2422583 |
| 4.00%, 01/15/42 | &nbsp;&nbsp; 59 | 58780 |
| 4.00%, 01/20/42 | &nbsp;&nbsp; 1066 | 1055591 |
| 4.00%, 02/15/42 | &nbsp;&nbsp; 248 | 246506 |
| 4.00%, 03/15/42 | &nbsp;&nbsp; 1318 | 1305132 |
| 4.00%, 04/15/42 | &nbsp;&nbsp; 419 | 415083 |
| 4.00%, 09/20/42 | &nbsp;&nbsp; 543 | 537976 |
| 4.00%, 08/15/43 | &nbsp;&nbsp; 9 | 9202 |
| 4.00%, 10/20/43 | &nbsp;&nbsp; 2633 | 2607155 |
| 4.00%, 03/15/44 | &nbsp;&nbsp; 67 | 66701 |
| 4.00%, 04/15/44 | &nbsp;&nbsp; 28 | 27170 |
| 4.00%, 06/15/44 | &nbsp;&nbsp; 98 | 96645 |
| 4.00%, 08/15/44 | &nbsp;&nbsp; 8 | 8277 |
| 4.00%, 08/20/44 | &nbsp;&nbsp; 188 | 185248 |
| 4.00%, 09/15/44 | &nbsp;&nbsp; 2 | 1778 |
| 4.00%, 10/15/44 | &nbsp;&nbsp; 9 | 8498 |
| 4.00%, 10/20/44 | &nbsp;&nbsp; 3523 | 3466520 |
| 4.00%, 12/20/44 | &nbsp;&nbsp; 236 | 232189 |
| 4.00%, 01/20/45 | &nbsp;&nbsp; 5546 | 5458178 |
| 4.00%, 08/20/45 | &nbsp;&nbsp; 3117 | 3066055 |
| 4.00%, 09/20/45 | &nbsp;&nbsp; 3660 | 3599729 |
| 4.00%, 10/20/45 | &nbsp;&nbsp; 435 | 427787 |
| 4.00%, 01/20/46 | &nbsp;&nbsp; 1657 | 1629799 |
| 4.00%, 03/20/46 | &nbsp;&nbsp; 8123 | 7990337 |
| 4.00%, 07/20/46 | &nbsp;&nbsp; 1750 | 1718145 |
| 4.00%, 08/20/46 | &nbsp;&nbsp; 17 | 17129 |
| 4.00%, 09/20/46 | &nbsp;&nbsp; 399 | 391742 |
| 4.00%, 11/20/46 | &nbsp;&nbsp; 3862 | 3796068 |
| 4.00%, 12/15/46 | &nbsp;&nbsp; 3312 | 3252117 |
| 4.00%, 04/20/47 | &nbsp;&nbsp; 13165 | 12913170 |
| 4.00%, 06/20/47 | &nbsp;&nbsp; 5304 | 5203004 |
| 4.00%, 07/20/47 | &nbsp;&nbsp; 23054 | 22613120 |
| 4.00%, 08/20/47 | &nbsp;&nbsp; 1132 | 1109980 |
| 4.00%, 11/20/47 | &nbsp;&nbsp; 13999 | 13731335 |
| 4.00%, 12/20/47 | &nbsp;&nbsp; 34 | 33179 |
| 4.00%, 01/20/48 | &nbsp;&nbsp; 112 | 109912 |
| 4.00%, 03/15/48 | &nbsp;&nbsp; 33 | 32723 |
| 4.00%, 03/20/48 | &nbsp;&nbsp; 16256 | 15945327 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 04/20/48 | &nbsp;&nbsp; $8636 | $8459047 |
| 4.00%, 05/15/48 | &nbsp;&nbsp; 1412 | 1381785 |
| 4.00%, 05/20/48 | &nbsp;&nbsp; 9286 | 9098149 |
| 4.00%, 08/20/48 | &nbsp;&nbsp; 14531 | 14239110 |
| 4.00%, 09/20/48 | &nbsp;&nbsp; 7484 | 7335395 |
| 4.00%, 10/20/48 | &nbsp;&nbsp; 443 | 433676 |
| 4.00%, 11/20/48 | &nbsp;&nbsp; 12436 | 12183856 |
| 4.00%, 02/20/49 | &nbsp;&nbsp; 5447 | 5337805 |
| 4.00%, 03/20/49 | &nbsp;&nbsp; 220 | 215794 |
| 4.00%, 05/20/49 | &nbsp;&nbsp; 940 | 919597 |
| 4.00%, 06/15/49 | &nbsp;&nbsp; 559 | 546543 |
| 4.00%, 06/20/49 | &nbsp;&nbsp; 1353 | 1322941 |
| 4.00%, 09/15/49 | &nbsp;&nbsp; 1556 | 1523507 |
| 4.00%, 01/20/50 | &nbsp;&nbsp; 54238 | 53064985 |
| 4.00%, 02/20/50 | &nbsp;&nbsp; 21610 | 21142493 |
| 4.00%, 07/20/50 | &nbsp;&nbsp; 3953 | 3867774 |
| 4.00%, 07/20/52 | &nbsp;&nbsp; 7262 | 7057629 |
| 4.00%, 09/20/52 | &nbsp;&nbsp; 67457 | 65561550 |
| 4.00%, 10/20/52 | &nbsp;&nbsp; 32990 | 32062876 |
| 4.00%, 12/20/52 | &nbsp;&nbsp; 14251 | 13850938 |
| 4.00%, 03/20/53 | &nbsp;&nbsp; 8089 | 7861632 |
| 4.00%, 10/20/53 | &nbsp;&nbsp; 6083 | 5914428 |
| 4.00%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 132911 | 127843574 |
| 4.50%, 04/15/39 | &nbsp;&nbsp; 225 | 228524 |
| 4.50%, 08/15/39 | &nbsp;&nbsp; 1094 | 1109376 |
| 4.50%, 11/20/39 | &nbsp;&nbsp; 564 | 572775 |
| 4.50%, 01/20/40 | &nbsp;&nbsp; 153 | 155454 |
| 4.50%, 06/15/40 | &nbsp;&nbsp; 1072 | 1087779 |
| 4.50%, 07/15/40 | &nbsp;&nbsp; 529 | 536410 |
| 4.50%, 08/15/40 | &nbsp;&nbsp; 750 | 760915 |
| 4.50%, 08/20/40 | &nbsp;&nbsp; 938 | 952193 |
| 4.50%, 09/15/40 | &nbsp;&nbsp; 894 | 907040 |
| 4.50%, 10/20/40 | &nbsp;&nbsp; 2305 | 2338343 |
| 4.50%, 06/20/41 | &nbsp;&nbsp; 2044 | 2074126 |
| 4.50%, 07/20/41 | &nbsp;&nbsp; 10530 | 10687846 |
| 4.50%, 09/20/41 | &nbsp;&nbsp; 1400 | 1421298 |
| 4.50%, 12/20/41 | &nbsp;&nbsp; 282 | 286627 |
| 4.50%, 11/20/45 | &nbsp;&nbsp; 2408 | 2436277 |
| 4.50%, 02/15/46 | &nbsp;&nbsp; 3 | 2922 |
| 4.50%, 08/20/46 | &nbsp;&nbsp; 2948 | 2985389 |
| 4.50%, 09/20/46 | &nbsp;&nbsp; 452 | 458795 |
| 4.50%, 10/20/46 | &nbsp;&nbsp; 2164 | 2192191 |
| 4.50%, 11/20/46 | &nbsp;&nbsp; 837 | 847243 |
| 4.50%, 12/20/46 | &nbsp;&nbsp; 346 | 350241 |
| 4.50%, 02/20/47 | &nbsp;&nbsp; 360 | 364482 |
| 4.50%, 04/20/47 | &nbsp;&nbsp; 408 | 411833 |
| 4.50%, 05/20/47 | &nbsp;&nbsp; 400 | 403480 |
| 4.50%, 06/20/47 | &nbsp;&nbsp; 933 | 941771 |
| 4.50%, 07/20/47 | &nbsp;&nbsp; 2093 | 2112064 |
| 4.50%, 10/20/47 | &nbsp;&nbsp; 644 | 647323 |
| 4.50%, 04/20/48 | &nbsp;&nbsp; 1556 | 1564905 |
| 4.50%, 05/20/48 | &nbsp;&nbsp; 3948 | 3970145 |
| 4.50%, 06/20/48 | &nbsp;&nbsp; 4355 | 4374081 |
| 4.50%, 07/20/48 | &nbsp;&nbsp; 5585 | 5609872 |
| 4.50%, 08/20/48 | &nbsp;&nbsp; 8989 | 9028898 |
| 4.50%, 09/20/48 | &nbsp;&nbsp; 453 | 455004 |
| 4.50%, 10/20/48 | &nbsp;&nbsp; 467 | 469203 |
| 4.50%, 11/20/48 | &nbsp;&nbsp; 130 | 130843 |
| 4.50%, 12/20/48 | &nbsp;&nbsp; 4806 | 4803592 |
| 4.50%, 01/20/49 | &nbsp;&nbsp; 135 | 135826 |
| 4.50%, 02/20/49 | &nbsp;&nbsp; 1376 | 1382221 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 03/20/49 | &nbsp;&nbsp; $1928 | $1936180 |
| 4.50%, 05/20/49 | &nbsp;&nbsp; 463 | 465175 |
| 4.50%, 06/20/49 | &nbsp;&nbsp; 6129 | 6156324 |
| 4.50%, 07/20/49 | &nbsp;&nbsp; 4540 | 4560134 |
| 4.50%, 08/20/49 | &nbsp;&nbsp; 1805 | 1813225 |
| 4.50%, 07/20/52 | &nbsp;&nbsp; 3749 | 3739440 |
| 4.50%, 08/20/52 | &nbsp;&nbsp; 82709 | 82480196 |
| 4.50%, 09/20/52 | &nbsp;&nbsp; 13703 | 13662774 |
| 4.50%, 12/20/52 | &nbsp;&nbsp; 9709 | 9677116 |
| 4.50%, 04/20/53 | &nbsp;&nbsp; 63163 | 62783084 |
| 4.50%, 05/20/53 | &nbsp;&nbsp; 32501 | 32297756 |
| 4.50%, 06/20/53 | &nbsp;&nbsp; 53400 | 53053672 |
| 4.50%, 04/20/54 | &nbsp;&nbsp; 29132 | 28848721 |
| 4.50%, 10/20/54 | &nbsp;&nbsp; 91251 | 90354428 |
| 4.50%, 11/20/54 | &nbsp;&nbsp; 50947 | 50429803 |
| 4.50%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 139886 | 138235783 |
| 5.00%, 12/15/36 | &nbsp;&nbsp; 270 | 277248 |
| 5.00%, 01/15/39 | &nbsp;&nbsp; 896 | 926058 |
| 5.00%, 07/15/39 | &nbsp;&nbsp; 1568 | 1621505 |
| 5.00%, 05/15/40 | &nbsp;&nbsp; 596 | 617240 |
| 5.00%, 07/20/40 | &nbsp;&nbsp; 3140 | 3243162 |
| 5.00%, 08/20/40 | &nbsp;&nbsp; 1198 | 1237886 |
| 5.00%, 05/15/47 | &nbsp;&nbsp; 925 | 944182 |
| 5.00%, 06/15/47 | &nbsp;&nbsp; 99 | 101450 |
| 5.00%, 11/15/47 | &nbsp;&nbsp; 337 | 344086 |
| 5.00%, 12/15/47 | &nbsp;&nbsp; 244 | 249509 |
| 5.00%, 01/15/48 | &nbsp;&nbsp; 319 | 325194 |
| 5.00%, 02/15/48 | &nbsp;&nbsp; 460 | 470113 |
| 5.00%, 03/20/48 | &nbsp;&nbsp; 835 | 855261 |
| 5.00%, 04/20/48 | &nbsp;&nbsp; 2901 | 2971851 |
| 5.00%, 05/20/48 | &nbsp;&nbsp; 3120 | 3183649 |
| 5.00%, 10/20/48 | &nbsp;&nbsp; 63 | 64247 |
| 5.00%, 11/20/48 | &nbsp;&nbsp; 1116 | 1138101 |
| 5.00%, 12/20/48 | &nbsp;&nbsp; 2073 | 2114451 |
| 5.00%, 01/20/49 | &nbsp;&nbsp; 3483 | 3552448 |
| 5.00%, 04/20/49 | &nbsp;&nbsp; 8197 | 8358854 |
| 5.00%, 05/20/49 | &nbsp;&nbsp; 942 | 960700 |
| 5.00%, 06/20/49 | &nbsp;&nbsp; 7165 | 7307355 |
| 5.00%, 07/20/52 | &nbsp;&nbsp; 3790 | 3828561 |
| 5.00%, 09/20/52 | &nbsp;&nbsp; 4789 | 4836723 |
| 5.00%, 11/20/52 | &nbsp;&nbsp; 4126 | 4165712 |
| 5.00%, 12/20/52 | &nbsp;&nbsp; 33282 | 33604983 |
| 5.00%, 01/20/53 | &nbsp;&nbsp; 39404 | 39781561 |
| 5.00%, 02/20/53 | &nbsp;&nbsp; 6175 | 6233777 |
| 5.00%, 04/20/53 | &nbsp;&nbsp; 25573 | 25798317 |
| 5.00%, 05/20/53 | &nbsp;&nbsp; 65616 | 66239547 |
| 5.00%, 06/20/53 | &nbsp;&nbsp; 7110 | 7169494 |
| 5.00%, 07/20/53 | &nbsp;&nbsp; 75718 | 76345875 |
| 5.00%, 08/20/53 | &nbsp;&nbsp; 8210 | 8278266 |
| 5.00%, 11/20/53 | &nbsp;&nbsp; 17598 | 17737392 |
| 5.00%, 05/20/54 | &nbsp;&nbsp; 516 | 519360 |
| 5.00%, 06/20/54 | &nbsp;&nbsp; 36194 | 36421303 |
| 5.00%, 09/20/54 | &nbsp;&nbsp; 29356 | 29501214 |
| 5.00%, 10/20/54 | &nbsp;&nbsp; 47893 | 48120165 |
| 5.00%, 11/20/54 | &nbsp;&nbsp; 110124 | 110677212 |
| 5.00%, 12/20/54 | &nbsp;&nbsp; 178097 | 178936463 |
| 5.00%, 06/20/55 | &nbsp;&nbsp; 2933 | 2944371 |
| 5.00%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 247730 | 248570496 |
| 5.50%, 03/15/36 | &nbsp;&nbsp; 423 | 440693 |
| 5.50%, 06/20/38 | &nbsp;&nbsp; 494 | 518232 |
| 5.50%, 03/20/39 | &nbsp;&nbsp; 740 | 776274 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 12/15/39 | &nbsp;&nbsp; $174 | $182988 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 1805 | 1904017 |
| 5.50%, 04/20/48 | &nbsp;&nbsp; 173 | 180186 |
| 5.50%, 12/20/52 | &nbsp;&nbsp; 55736 | 57015849 |
| 5.50%, 01/20/53 | &nbsp;&nbsp; 17172 | 17563751 |
| 5.50%, 03/20/53 | &nbsp;&nbsp; 28925 | 29545335 |
| 5.50%, 04/20/53 | &nbsp;&nbsp; 86161 | 88108736 |
| 5.50%, 05/20/53 | &nbsp;&nbsp; 8091 | 8271817 |
| 5.50%, 06/20/53 | &nbsp;&nbsp; 28454 | 29053575 |
| 5.50%, 07/20/53 | &nbsp;&nbsp; 39994 | 40911101 |
| 5.50%, 09/20/53 | &nbsp;&nbsp; 111893 | 114207065 |
| 5.50%, 10/20/53 | &nbsp;&nbsp; 36158 | 36901421 |
| 5.50%, 04/20/54 | &nbsp;&nbsp; 28379 | 28882041 |
| 5.50%, 05/20/54 | &nbsp;&nbsp; 1579 | 1606449 |
| 5.50%, 07/20/54 | &nbsp;&nbsp; 6121 | 6227794 |
| 5.50%, 08/20/54 | &nbsp;&nbsp; 72856 | 74111873 |
| 5.50%, 10/20/54 | &nbsp;&nbsp; 58118 | 59052367 |
| 5.50%, 11/20/54 | &nbsp;&nbsp; 57889 | 58814173 |
| 5.50%, 12/20/54 | &nbsp;&nbsp; 7263 | 7378788 |
| 5.50%, 01/20/55 | &nbsp;&nbsp; 44101 | 44797983 |
| 5.50%, 02/20/55 | &nbsp;&nbsp; 40865 | 41480614 |
| 5.50%, 06/20/55 | &nbsp;&nbsp; 5370 | 5444213 |
| 5.50%, 08/20/55 | &nbsp;&nbsp; 1967 | 1993743 |
| 5.50%, 11/20/55 | &nbsp;&nbsp; 10775 | 10931520 |
| 5.50%, 01/20/56 | &nbsp;&nbsp; 18770 | 19066212 |
| 5.50%, 02/20/56 | &nbsp;&nbsp; 24541 | 24913134 |
| 5.50%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 163449 | 165534841 |
| 6.00%, 03/15/37 | &nbsp;&nbsp; 1332 | 1414416 |
| 6.00%, 09/20/38 | &nbsp;&nbsp; 565 | 602164 |
| 6.00%, 11/15/39 | &nbsp;&nbsp; 238 | 255082 |
| 6.00%, 02/20/53 | &nbsp;&nbsp; 6926 | 7150687 |
| 6.00%, 09/20/53 | &nbsp;&nbsp; 17262 | 17729979 |
| 6.00%, 10/20/53 | &nbsp;&nbsp; 26568 | 27288326 |
| 6.00%, 02/20/54 | &nbsp;&nbsp; 3737 | 3837838 |
| 6.00%, 06/20/54 | &nbsp;&nbsp; 34479 | 35302864 |
| 6.00%, 07/20/54 | &nbsp;&nbsp; 56170 | 57512812 |
| 6.00%, 08/20/54 | &nbsp;&nbsp; 173647 | 177798657 |
| 6.00%, 09/20/54 | &nbsp;&nbsp; 100790 | 103200184 |
| 6.00%, 07/20/55 | &nbsp;&nbsp; 7486 | 7638160 |
| 6.00%, 09/20/55 | &nbsp;&nbsp; 47202 | 48198049 |
| 6.00%, 01/20/56 | &nbsp;&nbsp; 1052 | 1077434 |
| 6.00%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 81283 | 82913501 |
| 6.50%, 10/20/38 | &nbsp;&nbsp; 824 | 893418 |
| 6.50%, 03/20/53 | &nbsp;&nbsp; 9155 | 9560055 |
| 6.50%, 05/20/53 | &nbsp;&nbsp; 7713 | 8054213 |
| 6.50%, 06/20/54 | &nbsp;&nbsp; 11866 | 12355047 |
| 6.50%, 07/20/54 | &nbsp;&nbsp; 39366 | 40988976 |
| 6.50%, 03/15/55<sup>(i)</sup> | &nbsp;&nbsp; 58944 | 61280173 |
| 6.50%, 04/15/55<sup>(i)</sup> | &nbsp;&nbsp; 69200 | 71861658 |
| 6.50%, 08/20/55 | &nbsp;&nbsp; 69795 | 72476382 |
| 6.50%, 09/20/55 | &nbsp;&nbsp; 65957 | 68580327 |
| 6.50%, 11/20/55 | &nbsp;&nbsp; 45411 | 47277516 |
| 6.50%, 12/20/55 | &nbsp;&nbsp; 34838 | 36284906 |
| Uniform Mortgage-Backed Securities |  |  |
| 1.50%, 03/01/36 | &nbsp;&nbsp; 13229 | 12111004 |
| 1.50%, 04/01/36 | &nbsp;&nbsp; 236 | 216213 |
| 1.50%, 07/01/36 | &nbsp;&nbsp; 2419 | 2212312 |
| 1.50%, 10/01/36 | &nbsp;&nbsp; 9792 | 8929753 |
| 1.50%, 01/01/37 | &nbsp;&nbsp; 4119 | 3759685 |
| 1.50%, 02/01/37 | &nbsp;&nbsp; 118534 | 108214063 |
| 1.50%, 03/01/37 | &nbsp;&nbsp; 121654 | 110858127 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 1.50%, 04/01/37 | &nbsp;&nbsp; $18780 | $17113436 |
| 1.50%, 05/01/37 | &nbsp;&nbsp; 5209 | 4746923 |
| 1.50%, 08/01/37 | &nbsp;&nbsp; 15734 | 14365093 |
| 1.50%, 11/01/37 | &nbsp;&nbsp; 40731 | 37116233 |
| 1.50%, 03/17/41<sup>(i)</sup> | &nbsp;&nbsp; 123138 | 112277867 |
| 1.50%, 11/01/50 | &nbsp;&nbsp; 77234 | 61483847 |
| 1.50%, 01/01/51 | &nbsp;&nbsp; 21638 | 17224177 |
| 1.50%, 04/01/51 | &nbsp;&nbsp; 7829 | 6229195 |
| 1.50%, 05/01/51 | &nbsp;&nbsp; 87363 | 69510597 |
| 1.50%, 07/01/51 | &nbsp;&nbsp; 120544 | 95908935 |
| 1.50%, 11/01/51 | &nbsp;&nbsp; 78868 | 62627680 |
| 1.50%, 04/01/52 | &nbsp;&nbsp; 8090 | 6436023 |
| 1.50%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 64650 | 51252262 |
| 2.00%, 10/01/35 | &nbsp;&nbsp; 21195 | 19912916 |
| 2.00%, 11/01/35 | &nbsp;&nbsp; 9579 | 9014424 |
| 2.00%, 12/01/35 | &nbsp;&nbsp; 48483 | 45421506 |
| 2.00%, 01/01/36 | &nbsp;&nbsp; 3484 | 3261666 |
| 2.00%, 02/01/36 | &nbsp;&nbsp; 242744 | 227583397 |
| 2.00%, 03/01/36 | &nbsp;&nbsp; 63302 | 59253267 |
| 2.00%, 04/01/36 | &nbsp;&nbsp; 327 | 307067 |
| 2.00%, 05/01/36 | &nbsp;&nbsp; 54748 | 51255450 |
| 2.00%, 06/01/36 | &nbsp;&nbsp; 30782 | 28766979 |
| 2.00%, 07/01/36 | &nbsp;&nbsp; 11908 | 11120747 |
| 2.00%, 08/01/36 | &nbsp;&nbsp; 18483 | 17282929 |
| 2.00%, 09/01/36 | &nbsp;&nbsp; 20701 | 19324436 |
| 2.00%, 10/01/36 | &nbsp;&nbsp; 26502 | 24737288 |
| 2.00%, 11/01/36 | &nbsp;&nbsp; 36095 | 33708286 |
| 2.00%, 12/01/36 | &nbsp;&nbsp; 63460 | 59250758 |
| 2.00%, 01/01/37 | &nbsp;&nbsp; 101009 | 94337666 |
| 2.00%, 02/01/37 | &nbsp;&nbsp; 55359 | 51684283 |
| 2.00%, 03/01/37 | &nbsp;&nbsp; 25732 | 23981070 |
| 2.00%, 04/01/37 | &nbsp;&nbsp; 113594 | 105819374 |
| 2.00%, 05/01/37 | &nbsp;&nbsp; 47615 | 44342564 |
| 2.00%, 06/01/37 | &nbsp;&nbsp; 100669 | 93872057 |
| 2.00%, 08/01/37 | &nbsp;&nbsp; 14142 | 13195723 |
| 2.00%, 10/01/37 | &nbsp;&nbsp; 7339 | 6834734 |
| 2.00%, 03/17/41<sup>(i)</sup> | &nbsp;&nbsp; 227339 | 211799881 |
| 2.00%, 05/01/50 | &nbsp;&nbsp; 26059 | 21874204 |
| 2.00%, 06/01/50 | &nbsp;&nbsp; 58088 | 48739133 |
| 2.00%, 07/01/50 | &nbsp;&nbsp; 50445 | 42308236 |
| 2.00%, 09/01/50 | &nbsp;&nbsp; 55209 | 46397632 |
| 2.00%, 10/01/50 | &nbsp;&nbsp; 134633 | 112972491 |
| 2.00%, 11/01/50 | &nbsp;&nbsp; 2153 | 1801930 |
| 2.00%, 12/01/50 | &nbsp;&nbsp; 196486 | 165721207 |
| 2.00%, 01/01/51 | &nbsp;&nbsp; 83353 | 70458346 |
| 2.00%, 02/01/51 | &nbsp;&nbsp; 393267 | 328741353 |
| 2.00%, 03/01/51 | &nbsp;&nbsp; 414387 | 347037913 |
| 2.00%, 04/01/51 | &nbsp;&nbsp; 492639 | 412784849 |
| 2.00%, 05/01/51 | &nbsp;&nbsp; 104847 | 87965343 |
| 2.00%, 06/01/51 | &nbsp;&nbsp; 244379 | 204851603 |
| 2.00%, 07/01/51 | &nbsp;&nbsp; 303130 | 253672188 |
| 2.00%, 08/01/51 | &nbsp;&nbsp; 141981 | 118182363 |
| 2.00%, 09/01/51 | &nbsp;&nbsp; 47208 | 39372296 |
| 2.00%, 10/01/51 | &nbsp;&nbsp; 589284 | 492541957 |
| 2.00%, 11/01/51 | &nbsp;&nbsp; 459280 | 383599017 |
| 2.00%, 12/01/51 | &nbsp;&nbsp; 392393 | 327322547 |
| 2.00%, 01/01/52 | &nbsp;&nbsp; 219400 | 182865261 |
| 2.00%, 02/01/52 | &nbsp;&nbsp; 522489 | 435106093 |
| 2.00%, 03/01/52 | &nbsp;&nbsp; 430310 | 358041507 |
| 2.00%, 04/01/52 | &nbsp;&nbsp; 74891 | 62392422 |
| 2.00%, 05/01/52 | &nbsp;&nbsp; 59865 | 49907949 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.00%, 06/01/52 | &nbsp;&nbsp; $69106 | $57582444 |
| 2.00%, 07/01/52 | &nbsp;&nbsp; 8719 | 7263668 |
| 2.00%, 08/01/52 | &nbsp;&nbsp; 7325 | 6102454 |
| 2.00%, 10/01/52 | &nbsp;&nbsp; 149475 | 124516664 |
| 2.00%, 07/01/53 | &nbsp;&nbsp; 17510 | 14618119 |
| 2.00%, 12/01/53 | &nbsp;&nbsp; 21428 | 17851734 |
| 2.00%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 135106 | 111899281 |
| 2.50%, 05/01/27 | &nbsp;&nbsp; 161 | 159448 |
| 2.50%, 10/01/27 | &nbsp;&nbsp; 223 | 220156 |
| 2.50%, 01/01/28 | &nbsp;&nbsp; 35 | 34100 |
| 2.50%, 03/01/28 | &nbsp;&nbsp; 52 | 51101 |
| 2.50%, 06/01/28 | &nbsp;&nbsp; 10 | 9479 |
| 2.50%, 09/01/28 | &nbsp;&nbsp; 28 | 27439 |
| 2.50%, 12/01/28 | &nbsp;&nbsp; 14 | 13375 |
| 2.50%, 09/01/29 | &nbsp;&nbsp; 26 | 25989 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 422 | 416628 |
| 2.50%, 02/01/30 | &nbsp;&nbsp; 492 | 481762 |
| 2.50%, 03/01/30 | &nbsp;&nbsp; 1842 | 1804324 |
| 2.50%, 04/01/30 | &nbsp;&nbsp; 102 | 100375 |
| 2.50%, 06/01/30 | &nbsp;&nbsp; 283 | 276661 |
| 2.50%, 07/01/30 | &nbsp;&nbsp; 564 | 551517 |
| 2.50%, 08/01/30 | &nbsp;&nbsp; 1634 | 1597548 |
| 2.50%, 09/01/30 | &nbsp;&nbsp; 582 | 570376 |
| 2.50%, 12/01/30 | &nbsp;&nbsp; 1111 | 1085265 |
| 2.50%, 01/01/31 | &nbsp;&nbsp; 782 | 764457 |
| 2.50%, 04/01/31 | &nbsp;&nbsp; 431 | 420864 |
| 2.50%, 05/01/31 | &nbsp;&nbsp; 13 | 12678 |
| 2.50%, 09/01/31 | &nbsp;&nbsp; 2512 | 2444133 |
| 2.50%, 10/01/31 | &nbsp;&nbsp; 20490 | 19976348 |
| 2.50%, 12/01/31 | &nbsp;&nbsp; 4199 | 4085875 |
| 2.50%, 01/01/32 | &nbsp;&nbsp; 8240 | 8017478 |
| 2.50%, 02/01/32 | &nbsp;&nbsp; 9468 | 9216937 |
| 2.50%, 03/01/32 | &nbsp;&nbsp; 3987 | 3874999 |
| 2.50%, 04/01/32 | &nbsp;&nbsp; 22385 | 21795574 |
| 2.50%, 05/01/32 | &nbsp;&nbsp; 14931 | 14535621 |
| 2.50%, 06/01/32 | &nbsp;&nbsp; 397 | 386968 |
| 2.50%, 07/01/32 | &nbsp;&nbsp; 5881 | 5730216 |
| 2.50%, 09/01/32 | &nbsp;&nbsp; 2366 | 2305270 |
| 2.50%, 10/01/32 | &nbsp;&nbsp; 456 | 441881 |
| 2.50%, 11/01/32 | &nbsp;&nbsp; 353 | 340897 |
| 2.50%, 12/01/32 | &nbsp;&nbsp; 4597 | 4445839 |
| 2.50%, 01/01/33 | &nbsp;&nbsp; 10925 | 10683532 |
| 2.50%, 03/01/33 | &nbsp;&nbsp; 76 | 73100 |
| 2.50%, 07/01/33 | &nbsp;&nbsp; 77 | 74110 |
| 2.50%, 08/01/34 | &nbsp;&nbsp; 244 | 235960 |
| 2.50%, 10/01/34 | &nbsp;&nbsp; 57 | 55032 |
| 2.50%, 11/01/34 | &nbsp;&nbsp; 14983 | 14361062 |
| 2.50%, 07/01/35 | &nbsp;&nbsp; 8595 | 8255502 |
| 2.50%, 09/01/35 | &nbsp;&nbsp; 16867 | 16171865 |
| 2.50%, 10/01/35 | &nbsp;&nbsp; 53128 | 50986942 |
| 2.50%, 03/01/36 | &nbsp;&nbsp; 15702 | 15047087 |
| 2.50%, 04/01/36 | &nbsp;&nbsp; 1036 | 991907 |
| 2.50%, 05/01/36 | &nbsp;&nbsp; 14127 | 13519901 |
| 2.50%, 07/01/36 | &nbsp;&nbsp; 30884 | 29519682 |
| 2.50%, 08/01/36 | &nbsp;&nbsp; 53465 | 51080316 |
| 2.50%, 10/01/36 | &nbsp;&nbsp; 950 | 908734 |
| 2.50%, 02/01/37 | &nbsp;&nbsp; 3061 | 2925642 |
| 2.50%, 03/01/37 | &nbsp;&nbsp; 32630 | 31092232 |
| 2.50%, 04/01/37 | &nbsp;&nbsp; 60529 | 57698867 |
| 2.50%, 05/01/37 | &nbsp;&nbsp; 49006 | 46695104 |
| 2.50%, 06/01/37 | &nbsp;&nbsp; 23913 | 22809210 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.50%, 03/17/41<sup>(i)</sup> | &nbsp;&nbsp; $107320 | $102307957 |
| 2.50%, 05/01/43 | &nbsp;&nbsp; 170 | 155613 |
| 2.50%, 02/01/47 | &nbsp;&nbsp; 600 | 536652 |
| 2.50%, 04/01/47 | &nbsp;&nbsp; 7666 | 6859848 |
| 2.50%, 12/01/47 | &nbsp;&nbsp; 149 | 133442 |
| 2.50%, 05/01/50 | &nbsp;&nbsp; 76670 | 67221674 |
| 2.50%, 07/01/50 | &nbsp;&nbsp; 34962 | 30997900 |
| 2.50%, 08/01/50 | &nbsp;&nbsp; 50510 | 44707885 |
| 2.50%, 09/01/50 | &nbsp;&nbsp; 123892 | 109231420 |
| 2.50%, 10/01/50 | &nbsp;&nbsp; 151332 | 133151428 |
| 2.50%, 11/01/50 | &nbsp;&nbsp; 176521 | 155219991 |
| 2.50%, 12/01/50 | &nbsp;&nbsp; 68468 | 59685923 |
| 2.50%, 01/01/51 | &nbsp;&nbsp; 127203 | 110900842 |
| 2.50%, 02/01/51 | &nbsp;&nbsp; 48701 | 42642108 |
| 2.50%, 03/01/51 | &nbsp;&nbsp; 62146 | 54010246 |
| 2.50%, 04/01/51 | &nbsp;&nbsp; 46803 | 40776595 |
| 2.50%, 05/01/51 | &nbsp;&nbsp; 56076 | 49138615 |
| 2.50%, 06/01/51 | &nbsp;&nbsp; 6020 | 5260597 |
| 2.50%, 07/01/51 | &nbsp;&nbsp; 316842 | 276888449 |
| 2.50%, 08/01/51 | &nbsp;&nbsp; 263054 | 230600389 |
| 2.50%, 09/01/51 | &nbsp;&nbsp; 130695 | 114262543 |
| 2.50%, 10/01/51 | &nbsp;&nbsp; 195876 | 171439552 |
| 2.50%, 11/01/51 | &nbsp;&nbsp; 81892 | 71831064 |
| 2.50%, 12/01/51 | &nbsp;&nbsp; 359950 | 315416675 |
| 2.50%, 01/01/52 | &nbsp;&nbsp; 406092 | 354136742 |
| 2.50%, 02/01/52 | &nbsp;&nbsp; 317938 | 277508989 |
| 2.50%, 03/01/52 | &nbsp;&nbsp; 137355 | 119764091 |
| 2.50%, 04/01/52 | &nbsp;&nbsp; 270680 | 236107159 |
| 2.50%, 05/01/52 | &nbsp;&nbsp; 113940 | 99325993 |
| 2.50%, 06/01/52 | &nbsp;&nbsp; 11619 | 10118666 |
| 2.50%, 07/01/52 | &nbsp;&nbsp; 163182 | 142148377 |
| 2.50%, 08/01/52 | &nbsp;&nbsp; 10062 | 8761652 |
| 2.50%, 09/01/52 | &nbsp;&nbsp; 9840 | 8574420 |
| 2.50%, 04/01/53 | &nbsp;&nbsp; 121235 | 105587041 |
| 2.50%, 01/01/54 | &nbsp;&nbsp; 48113 | 42001126 |
| 2.50%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 204327 | 177006416 |
| 3.00%, 10/01/26 | &nbsp;&nbsp; 5 | 5345 |
| 3.00%, 01/01/27 | &nbsp;&nbsp; 182 | 180330 |
| 3.00%, 02/01/27 | &nbsp;&nbsp; 1 | 646 |
| 3.00%, 10/01/27 | &nbsp;&nbsp; 544 | 538587 |
| 3.00%, 11/01/27 | &nbsp;&nbsp; 268 | 265366 |
| 3.00%, 12/01/27 | &nbsp;&nbsp; 17 | 16582 |
| 3.00%, 03/01/29 | &nbsp;&nbsp; 54 | 53505 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 78 | 76945 |
| 3.00%, 09/01/29 | &nbsp;&nbsp; 42 | 41500 |
| 3.00%, 10/01/29 | &nbsp;&nbsp; 11 | 11209 |
| 3.00%, 01/01/30 | &nbsp;&nbsp; 31 | 30309 |
| 3.00%, 03/01/30 | &nbsp;&nbsp; 9177 | 9083368 |
| 3.00%, 04/01/30 | &nbsp;&nbsp; 1558 | 1537611 |
| 3.00%, 06/01/30 | &nbsp;&nbsp; 199 | 195842 |
| 3.00%, 07/01/30 | &nbsp;&nbsp; 1275 | 1257889 |
| 3.00%, 08/01/30 | &nbsp;&nbsp; 4827 | 4761528 |
| 3.00%, 09/01/30 | &nbsp;&nbsp; 6179 | 6095773 |
| 3.00%, 10/01/30 | &nbsp;&nbsp; 2745 | 2707206 |
| 3.00%, 11/01/30 | &nbsp;&nbsp; 701 | 691407 |
| 3.00%, 12/01/30 | &nbsp;&nbsp; 2022 | 1992989 |
| 3.00%, 01/01/31 | &nbsp;&nbsp; 6041 | 5964802 |
| 3.00%, 02/01/31 | &nbsp;&nbsp; 4419 | 4359261 |
| 3.00%, 03/01/31 | &nbsp;&nbsp; 3108 | 3061320 |
| 3.00%, 04/01/31 | &nbsp;&nbsp; 461 | 453914 |
| 3.00%, 05/01/31 | &nbsp;&nbsp; 138 | 135763 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 06/01/31 | &nbsp;&nbsp; $2811 | $2767779 |
| 3.00%, 07/01/31 | &nbsp;&nbsp; 851 | 836709 |
| 3.00%, 09/01/31 | &nbsp;&nbsp; 2628 | 2587920 |
| 3.00%, 10/01/31 | &nbsp;&nbsp; 568 | 559336 |
| 3.00%, 12/01/31 | &nbsp;&nbsp; 3101 | 3067183 |
| 3.00%, 01/01/32 | &nbsp;&nbsp; 4848 | 4769206 |
| 3.00%, 02/01/32 | &nbsp;&nbsp; 8689 | 8552594 |
| 3.00%, 03/01/32 | &nbsp;&nbsp; 1306 | 1282320 |
| 3.00%, 04/01/32 | &nbsp;&nbsp; 88 | 86499 |
| 3.00%, 05/01/32 | &nbsp;&nbsp; 2128 | 2084598 |
| 3.00%, 06/01/32 | &nbsp;&nbsp; 2869 | 2825925 |
| 3.00%, 08/01/32 | &nbsp;&nbsp; 1788 | 1754135 |
| 3.00%, 09/01/32 | &nbsp;&nbsp; 485 | 477376 |
| 3.00%, 11/01/32 | &nbsp;&nbsp; 3082 | 3023528 |
| 3.00%, 12/01/32 | &nbsp;&nbsp; 5936 | 5819035 |
| 3.00%, 02/01/33 | &nbsp;&nbsp; 3263 | 3199477 |
| 3.00%, 05/01/33 | &nbsp;&nbsp; 317 | 309118 |
| 3.00%, 09/01/33 | &nbsp;&nbsp; 162 | 158183 |
| 3.00%, 10/01/33 | &nbsp;&nbsp; 2993 | 2925079 |
| 3.00%, 07/01/34 | &nbsp;&nbsp; 2293 | 2234081 |
| 3.00%, 08/01/34 | &nbsp;&nbsp; 306 | 297431 |
| 3.00%, 09/01/34 | &nbsp;&nbsp; 3553 | 3462697 |
| 3.00%, 11/01/34 | &nbsp;&nbsp; 2567 | 2499375 |
| 3.00%, 12/01/34 | &nbsp;&nbsp; 9044 | 8793550 |
| 3.00%, 03/01/35 | &nbsp;&nbsp; 2383 | 2320433 |
| 3.00%, 04/01/35 | &nbsp;&nbsp; 15167 | 14780016 |
| 3.00%, 06/01/35 | &nbsp;&nbsp; 315 | 306645 |
| 3.00%, 07/01/35 | &nbsp;&nbsp; 1929 | 1877587 |
| 3.00%, 09/01/35 | &nbsp;&nbsp; 8518 | 8384781 |
| 3.00%, 10/01/35 | &nbsp;&nbsp; 6262 | 6102953 |
| 3.00%, 12/01/35 | &nbsp;&nbsp; 3722 | 3641494 |
| 3.00%, 02/01/37 | &nbsp;&nbsp; 4656 | 4516045 |
| 3.00%, 04/01/37 | &nbsp;&nbsp; 8052 | 7797404 |
| 3.00%, 06/01/37 | &nbsp;&nbsp; 1371 | 1337064 |
| 3.00%, 07/01/37 | &nbsp;&nbsp; 12223 | 11886598 |
| 3.00%, 09/01/37 | &nbsp;&nbsp; 3329 | 3229444 |
| 3.00%, 07/01/38 | &nbsp;&nbsp; 15937 | 15433353 |
| 3.00%, 11/01/38 | &nbsp;&nbsp; 52349 | 50695222 |
| 3.00%, 08/01/42 | &nbsp;&nbsp; 183 | 172000 |
| 3.00%, 09/01/42 | &nbsp;&nbsp; 61 | 57990 |
| 3.00%, 10/01/42 | &nbsp;&nbsp; 2637 | 2483732 |
| 3.00%, 11/01/42 | &nbsp;&nbsp; 2041 | 1920882 |
| 3.00%, 12/01/42 | &nbsp;&nbsp; 10857 | 10220835 |
| 3.00%, 01/01/43 | &nbsp;&nbsp; 4981 | 4693882 |
| 3.00%, 02/01/43 | &nbsp;&nbsp; 191 | 180038 |
| 3.00%, 03/01/43 | &nbsp;&nbsp; 7855 | 7371589 |
| 3.00%, 04/01/43 | &nbsp;&nbsp; 8397 | 7880828 |
| 3.00%, 05/01/43 | &nbsp;&nbsp; 3171 | 2977782 |
| 3.00%, 06/01/43 | &nbsp;&nbsp; 1704 | 1598097 |
| 3.00%, 07/01/43 | &nbsp;&nbsp; 1197 | 1125174 |
| 3.00%, 08/01/43 | &nbsp;&nbsp; 2131 | 1997396 |
| 3.00%, 09/01/43 | &nbsp;&nbsp; 5050 | 4734303 |
| 3.00%, 01/01/44 | &nbsp;&nbsp; 7016 | 6577398 |
| 3.00%, 10/01/44 | &nbsp;&nbsp; 21914 | 20543219 |
| 3.00%, 12/01/44 | &nbsp;&nbsp; 6 | 5361 |
| 3.00%, 01/01/45 | &nbsp;&nbsp; 2227 | 2088103 |
| 3.00%, 02/01/45 | &nbsp;&nbsp; 218 | 203034 |
| 3.00%, 03/01/45 | &nbsp;&nbsp; 9417 | 8828048 |
| 3.00%, 04/01/45 | &nbsp;&nbsp; 75 | 70186 |
| 3.00%, 05/01/45 | &nbsp;&nbsp; 9128 | 8501715 |
| 3.00%, 06/01/45 | &nbsp;&nbsp; 47 | 43519 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 08/01/45 | &nbsp;&nbsp; $98 | $91430 |
| 3.00%, 09/01/45 | &nbsp;&nbsp; 721 | 670284 |
| 3.00%, 11/01/45 | &nbsp;&nbsp; 1623 | 1509448 |
| 3.00%, 12/01/45 | &nbsp;&nbsp; 167 | 155155 |
| 3.00%, 01/01/46 | &nbsp;&nbsp; 424 | 394826 |
| 3.00%, 04/01/46 | &nbsp;&nbsp; 2432 | 2261917 |
| 3.00%, 06/01/46 | &nbsp;&nbsp; 47 | 43937 |
| 3.00%, 07/01/46 | &nbsp;&nbsp; 59828 | 55635068 |
| 3.00%, 08/01/46 | &nbsp;&nbsp; 10288 | 9544273 |
| 3.00%, 10/01/46 | &nbsp;&nbsp; 3142 | 2916938 |
| 3.00%, 11/01/46 | &nbsp;&nbsp; 39471 | 36617047 |
| 3.00%, 12/01/46 | &nbsp;&nbsp; 89464 | 82923218 |
| 3.00%, 01/01/47 | &nbsp;&nbsp; 32986 | 30635674 |
| 3.00%, 02/01/47 | &nbsp;&nbsp; 54565 | 50534900 |
| 3.00%, 03/01/47 | &nbsp;&nbsp; 29737 | 27541685 |
| 3.00%, 05/01/47 | &nbsp;&nbsp; 1145 | 1058619 |
| 3.00%, 07/01/47 | &nbsp;&nbsp; 13646 | 12637714 |
| 3.00%, 08/01/47 | &nbsp;&nbsp; 4208 | 3897144 |
| 3.00%, 12/01/47 | &nbsp;&nbsp; 21479 | 19907591 |
| 3.00%, 03/01/48 | &nbsp;&nbsp; 3540 | 3271651 |
| 3.00%, 04/01/48 | &nbsp;&nbsp; 74 | 66856 |
| 3.00%, 09/01/48 | &nbsp;&nbsp; 333 | 308420 |
| 3.00%, 11/01/48 | &nbsp;&nbsp; 38073 | 35221154 |
| 3.00%, 02/01/49 | &nbsp;&nbsp; 17282 | 16070961 |
| 3.00%, 09/01/49 | &nbsp;&nbsp; 7800 | 7187410 |
| 3.00%, 11/01/49 | &nbsp;&nbsp; 12766 | 11707775 |
| 3.00%, 12/01/49 | &nbsp;&nbsp; 24550 | 22486770 |
| 3.00%, 02/01/50 | &nbsp;&nbsp; 6490 | 5891132 |
| 3.00%, 03/01/50 | &nbsp;&nbsp; 16155 | 14799287 |
| 3.00%, 04/01/50 | &nbsp;&nbsp; 13257 | 12183948 |
| 3.00%, 06/01/50 | &nbsp;&nbsp; 44173 | 40424834 |
| 3.00%, 07/01/50 | &nbsp;&nbsp; 44051 | 40281760 |
| 3.00%, 08/01/50 | &nbsp;&nbsp; 40834 | 37621497 |
| 3.00%, 09/01/50 | &nbsp;&nbsp; 8479 | 7718091 |
| 3.00%, 10/01/50 | &nbsp;&nbsp; 118252 | 107574035 |
| 3.00%, 11/01/50 | &nbsp;&nbsp; 15904 | 14536277 |
| 3.00%, 12/01/50 | &nbsp;&nbsp; 7235 | 6609115 |
| 3.00%, 01/01/51 | &nbsp;&nbsp; 22910 | 21000337 |
| 3.00%, 03/01/51 | &nbsp;&nbsp; 3474 | 3170113 |
| 3.00%, 05/01/51 | &nbsp;&nbsp; 55654 | 51334428 |
| 3.00%, 06/01/51 | &nbsp;&nbsp; 64849 | 59249920 |
| 3.00%, 07/01/51 | &nbsp;&nbsp; 36853 | 33670999 |
| 3.00%, 08/01/51 | &nbsp;&nbsp; 52170 | 47444137 |
| 3.00%, 10/01/51 | &nbsp;&nbsp; 7380 | 6676923 |
| 3.00%, 11/01/51 | &nbsp;&nbsp; 15006 | 13658907 |
| 3.00%, 12/01/51 | &nbsp;&nbsp; 36519 | 33359731 |
| 3.00%, 01/01/52 | &nbsp;&nbsp; 66660 | 60693671 |
| 3.00%, 02/01/52 | &nbsp;&nbsp; 79841 | 72918788 |
| 3.00%, 03/01/52 | &nbsp;&nbsp; 123252 | 112229496 |
| 3.00%, 04/01/52 | &nbsp;&nbsp; 161730 | 147557589 |
| 3.00%, 05/01/52 | &nbsp;&nbsp; 139685 | 126972171 |
| 3.00%, 07/01/52 | &nbsp;&nbsp; 201647 | 182897153 |
| 3.00%, 08/01/52 | &nbsp;&nbsp; 24840 | 22661634 |
| 3.00%, 03/01/53 | &nbsp;&nbsp; 14338 | 13005706 |
| 3.00%, 10/01/53 | &nbsp;&nbsp; 35394 | 32090671 |
| 3.00%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 129397 | 116999490 |
| 3.50%, 01/01/27 | &nbsp;&nbsp; 32 | 31985 |
| 3.50%, 11/01/28 | &nbsp;&nbsp; 21 | 20779 |
| 3.50%, 01/01/29 | &nbsp;&nbsp; 79 | 78035 |
| 3.50%, 11/01/29 | &nbsp;&nbsp; 33 | 32856 |
| 3.50%, 12/01/29 | &nbsp;&nbsp; 333 | 331172 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 07/01/30 | &nbsp;&nbsp; $1905 | $1895529 |
| 3.50%, 10/01/30 | &nbsp;&nbsp; 503 | 500844 |
| 3.50%, 11/01/30 | &nbsp;&nbsp; 154 | 152886 |
| 3.50%, 03/01/31 | &nbsp;&nbsp; 1149 | 1142226 |
| 3.50%, 06/01/31 | &nbsp;&nbsp; 2824 | 2809330 |
| 3.50%, 01/01/32 | &nbsp;&nbsp; 4145 | 4118859 |
| 3.50%, 02/01/32 | &nbsp;&nbsp; 544 | 538828 |
| 3.50%, 05/01/32 | &nbsp;&nbsp; 2172 | 2155010 |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 2066 | 2048710 |
| 3.50%, 07/01/32 | &nbsp;&nbsp; 834 | 826893 |
| 3.50%, 08/01/32 | &nbsp;&nbsp; 472 | 467735 |
| 3.50%, 09/01/32 | &nbsp;&nbsp; 952 | 945741 |
| 3.50%, 10/01/32 | &nbsp;&nbsp; 455 | 450995 |
| 3.50%, 11/01/32 | &nbsp;&nbsp; 549 | 544983 |
| 3.50%, 12/01/32 | &nbsp;&nbsp; 71 | 70257 |
| 3.50%, 02/01/33 | &nbsp;&nbsp; 376 | 371464 |
| 3.50%, 03/01/33 | &nbsp;&nbsp; 2460 | 2439669 |
| 3.50%, 04/01/33 | &nbsp;&nbsp; 2977 | 2952578 |
| 3.50%, 05/01/33 | &nbsp;&nbsp; 2183 | 2161437 |
| 3.50%, 06/01/33 | &nbsp;&nbsp; 2715 | 2686598 |
| 3.50%, 10/01/33 | &nbsp;&nbsp; 373 | 368979 |
| 3.50%, 01/01/34 | &nbsp;&nbsp; 757 | 748501 |
| 3.50%, 02/01/34 | &nbsp;&nbsp; 13024 | 12890234 |
| 3.50%, 03/01/34 | &nbsp;&nbsp; 420 | 413978 |
| 3.50%, 04/01/34 | &nbsp;&nbsp; 951 | 941078 |
| 3.50%, 05/01/34 | &nbsp;&nbsp; 1330 | 1311101 |
| 3.50%, 07/01/34 | &nbsp;&nbsp; 885 | 880149 |
| 3.50%, 08/01/34 | &nbsp;&nbsp; 3468 | 3418067 |
| 3.50%, 01/01/35 | &nbsp;&nbsp; 2399 | 2365072 |
| 3.50%, 05/01/35 | &nbsp;&nbsp; 177 | 175499 |
| 3.50%, 09/01/37 | &nbsp;&nbsp; 19214 | 18876056 |
| 3.50%, 07/01/38 | &nbsp;&nbsp; 27374 | 26891934 |
| 3.50%, 08/01/38 | &nbsp;&nbsp; 709 | 692342 |
| 3.50%, 09/01/38 | &nbsp;&nbsp; 1243 | 1214390 |
| 3.50%, 11/01/38 | &nbsp;&nbsp; 17159 | 16857294 |
| 3.50%, 11/01/40 | &nbsp;&nbsp; 174 | 170687 |
| 3.50%, 02/01/41 | &nbsp;&nbsp; 198 | 193275 |
| 3.50%, 03/17/41<sup>(i)</sup> | &nbsp;&nbsp; 4166 | 4073512 |
| 3.50%, 02/01/42 | &nbsp;&nbsp; 5937 | 5774468 |
| 3.50%, 03/01/42 | &nbsp;&nbsp; 45 | 43354 |
| 3.50%, 04/01/42 | &nbsp;&nbsp; 22 | 21832 |
| 3.50%, 05/01/42 | &nbsp;&nbsp; 2037 | 1975730 |
| 3.50%, 08/01/42 | &nbsp;&nbsp; 345 | 336236 |
| 3.50%, 09/01/42 | &nbsp;&nbsp; 11826 | 11439643 |
| 3.50%, 11/01/42 | &nbsp;&nbsp; 7302 | 7064007 |
| 3.50%, 12/01/42 | &nbsp;&nbsp; 2644 | 2563230 |
| 3.50%, 01/01/43 | &nbsp;&nbsp; 75 | 73271 |
| 3.50%, 02/01/43 | &nbsp;&nbsp; 372 | 363714 |
| 3.50%, 04/01/43 | &nbsp;&nbsp; 67 | 65386 |
| 3.50%, 05/01/43 | &nbsp;&nbsp; 96 | 93424 |
| 3.50%, 06/01/43 | &nbsp;&nbsp; 2684 | 2597585 |
| 3.50%, 08/01/43 | &nbsp;&nbsp; 54 | 52930 |
| 3.50%, 10/01/43 | &nbsp;&nbsp; 2885 | 2790728 |
| 3.50%, 09/01/44 | &nbsp;&nbsp; 167 | 162748 |
| 3.50%, 10/01/44 | &nbsp;&nbsp; 3556 | 3439434 |
| 3.50%, 01/01/45 | &nbsp;&nbsp; 73 | 71186 |
| 3.50%, 02/01/45 | &nbsp;&nbsp; 4246 | 4109387 |
| 3.50%, 03/01/45 | &nbsp;&nbsp; 15860 | 15298806 |
| 3.50%, 05/01/45 | &nbsp;&nbsp; 18401 | 17797264 |
| 3.50%, 06/01/45 | &nbsp;&nbsp; 74 | 70638 |
| 3.50%, 07/01/45 | &nbsp;&nbsp; 7486 | 7237924 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 08/01/45 | &nbsp;&nbsp; $2938 | $2841752 |
| 3.50%, 10/01/45 | &nbsp;&nbsp; 1473 | 1423930 |
| 3.50%, 11/01/45 | &nbsp;&nbsp; 215 | 205921 |
| 3.50%, 12/01/45 | &nbsp;&nbsp; 28253 | 27153253 |
| 3.50%, 01/01/46 | &nbsp;&nbsp; 12158 | 11776688 |
| 3.50%, 02/01/46 | &nbsp;&nbsp; 12945 | 12403088 |
| 3.50%, 03/01/46 | &nbsp;&nbsp; 15430 | 14843128 |
| 3.50%, 04/01/46 | &nbsp;&nbsp; 2188 | 2086991 |
| 3.50%, 05/01/46 | &nbsp;&nbsp; 12985 | 12480418 |
| 3.50%, 06/01/46 | &nbsp;&nbsp; 2514 | 2403684 |
| 3.50%, 07/01/46 | &nbsp;&nbsp; 20944 | 20147410 |
| 3.50%, 08/01/46 | &nbsp;&nbsp; 6639 | 6365252 |
| 3.50%, 09/01/46 | &nbsp;&nbsp; 5388 | 5129658 |
| 3.50%, 10/01/46 | &nbsp;&nbsp; 7780 | 7470422 |
| 3.50%, 11/01/46 | &nbsp;&nbsp; 10434 | 10013426 |
| 3.50%, 12/01/46 | &nbsp;&nbsp; 46427 | 44735631 |
| 3.50%, 01/01/47 | &nbsp;&nbsp; 24249 | 23333758 |
| 3.50%, 02/01/47 | &nbsp;&nbsp; 10323 | 9892336 |
| 3.50%, 04/01/47 | &nbsp;&nbsp; 9672 | 9277307 |
| 3.50%, 05/01/47 | &nbsp;&nbsp; 11027 | 10594773 |
| 3.50%, 06/01/47 | &nbsp;&nbsp; 3495 | 3360704 |
| 3.50%, 07/01/47 | &nbsp;&nbsp; 53185 | 50857333 |
| 3.50%, 08/01/47 | &nbsp;&nbsp; 6375 | 6110908 |
| 3.50%, 09/01/47 | &nbsp;&nbsp; 2789 | 2662502 |
| 3.50%, 10/01/47 | &nbsp;&nbsp; 9252 | 8879136 |
| 3.50%, 11/01/47 | &nbsp;&nbsp; 7546 | 7266427 |
| 3.50%, 12/01/47 | &nbsp;&nbsp; 13298 | 12697569 |
| 3.50%, 01/01/48 | &nbsp;&nbsp; 28749 | 27490513 |
| 3.50%, 02/01/48 | &nbsp;&nbsp; 60501 | 57852907 |
| 3.50%, 03/01/48 | &nbsp;&nbsp; 1941 | 1850194 |
| 3.50%, 04/01/48 | &nbsp;&nbsp; 8939 | 8550507 |
| 3.50%, 05/01/48 | &nbsp;&nbsp; 24166 | 23035221 |
| 3.50%, 06/01/48 | &nbsp;&nbsp; 2628 | 2502428 |
| 3.50%, 07/01/48 | &nbsp;&nbsp; 2030 | 1945962 |
| 3.50%, 11/01/48 | &nbsp;&nbsp; 35503 | 33845785 |
| 3.50%, 02/01/49 | &nbsp;&nbsp; 84 | 79491 |
| 3.50%, 03/01/49 | &nbsp;&nbsp; 1143 | 1089927 |
| 3.50%, 04/01/49 | &nbsp;&nbsp; 1684 | 1603042 |
| 3.50%, 05/01/49 | &nbsp;&nbsp; 1382 | 1306763 |
| 3.50%, 06/01/49 | &nbsp;&nbsp; 65947 | 62961905 |
| 3.50%, 07/01/49 | &nbsp;&nbsp; 10054 | 9562660 |
| 3.50%, 09/01/49 | &nbsp;&nbsp; 14462 | 13755540 |
| 3.50%, 04/01/50 | &nbsp;&nbsp; 37044 | 35398328 |
| 3.50%, 05/01/50 | &nbsp;&nbsp; 14585 | 13876673 |
| 3.50%, 06/01/50 | &nbsp;&nbsp; 4165 | 3962463 |
| 3.50%, 07/01/50 | &nbsp;&nbsp; 18621 | 17674886 |
| 3.50%, 02/01/51 | &nbsp;&nbsp; 23509 | 22372719 |
| 3.50%, 05/01/51 | &nbsp;&nbsp; 5809 | 5528670 |
| 3.50%, 07/01/51 | &nbsp;&nbsp; 3139 | 2973329 |
| 3.50%, 09/01/51 | &nbsp;&nbsp; 1097 | 1043468 |
| 3.50%, 10/01/51 | &nbsp;&nbsp; 8973 | 8566687 |
| 3.50%, 01/01/52 | &nbsp;&nbsp; 3332 | 3169580 |
| 3.50%, 04/01/52 | &nbsp;&nbsp; 144318 | 137207092 |
| 3.50%, 05/01/52 | &nbsp;&nbsp; 128886 | 121946486 |
| 3.50%, 06/01/52 | &nbsp;&nbsp; 58994 | 55928861 |
| 3.50%, 07/01/52 | &nbsp;&nbsp; 35804 | 33968896 |
| 3.50%, 08/01/52 | &nbsp;&nbsp; 3714 | 3529647 |
| 3.50%, 09/01/52 | &nbsp;&nbsp; 69158 | 65276970 |
| 3.50%, 04/01/53 | &nbsp;&nbsp; 7819 | 7436497 |
| 3.50%, 05/01/53 | &nbsp;&nbsp; 46860 | 44272943 |
| 3.50%, 11/01/54 | &nbsp;&nbsp; 3676 | 3472272 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; $174436 | $164367633 |
| 4.00%, 06/01/26 | &nbsp;&nbsp; 11 | 11456 |
| 4.00%, 09/01/26 | &nbsp;&nbsp; 4 | 3726 |
| 4.00%, 12/01/30 | &nbsp;&nbsp; 530 | 530363 |
| 4.00%, 01/01/31 | &nbsp;&nbsp; 191 | 191576 |
| 4.00%, 02/01/31 | &nbsp;&nbsp; 137 | 136825 |
| 4.00%, 10/01/31 | &nbsp;&nbsp; 644 | 644535 |
| 4.00%, 02/01/32 | &nbsp;&nbsp; 889 | 890095 |
| 4.00%, 07/01/32 | &nbsp;&nbsp; 142 | 141451 |
| 4.00%, 05/01/33 | &nbsp;&nbsp; 2575 | 2579351 |
| 4.00%, 06/01/33 | &nbsp;&nbsp; 444 | 444713 |
| 4.00%, 07/01/33 | &nbsp;&nbsp; 797 | 798089 |
| 4.00%, 12/01/33 | &nbsp;&nbsp; 97 | 96285 |
| 4.00%, 07/01/37 | &nbsp;&nbsp; 3477 | 3466280 |
| 4.00%, 08/01/37 | &nbsp;&nbsp; 3622 | 3610906 |
| 4.00%, 09/01/37 | &nbsp;&nbsp; 4756 | 4740733 |
| 4.00%, 11/01/37 | &nbsp;&nbsp; 6921 | 6899272 |
| 4.00%, 02/01/38 | &nbsp;&nbsp; 3567 | 3555973 |
| 4.00%, 04/01/38 | &nbsp;&nbsp; 2998 | 2983409 |
| 4.00%, 05/01/38 | &nbsp;&nbsp; 5728 | 5700645 |
| 4.00%, 06/01/38 | &nbsp;&nbsp; 4836 | 4815850 |
| 4.00%, 07/01/38 | &nbsp;&nbsp; 11480 | 11424714 |
| 4.00%, 11/01/38 | &nbsp;&nbsp; 1937 | 1927438 |
| 4.00%, 11/01/39 | &nbsp;&nbsp; 43776 | 43467755 |
| 4.00%, 12/01/39 | &nbsp;&nbsp; 73745 | 73227336 |
| 4.00%, 02/01/40 | &nbsp;&nbsp; 900 | 893829 |
| 4.00%, 03/15/40<sup>(i)</sup> | &nbsp;&nbsp; 183015 | 181434332 |
| 4.00%, 08/01/40 | &nbsp;&nbsp; 1528 | 1517378 |
| 4.00%, 12/01/40 | &nbsp;&nbsp; 16 | 15700 |
| 4.00%, 12/01/41 | &nbsp;&nbsp; 847 | 847644 |
| 4.00%, 03/01/42 | &nbsp;&nbsp; 1739 | 1728718 |
| 4.00%, 06/01/42 | &nbsp;&nbsp; 1433 | 1433302 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 51 | 50537 |
| 4.00%, 09/01/43 | &nbsp;&nbsp; 86 | 85710 |
| 4.00%, 10/01/43 | &nbsp;&nbsp; 60 | 59678 |
| 4.00%, 04/01/44 | &nbsp;&nbsp; 29 | 28372 |
| 4.00%, 05/01/44 | &nbsp;&nbsp; 1951 | 1934977 |
| 4.00%, 06/01/44 | &nbsp;&nbsp; 3047 | 3048968 |
| 4.00%, 10/01/44 | &nbsp;&nbsp; 891 | 884620 |
| 4.00%, 12/01/44 | &nbsp;&nbsp; 6828 | 6765835 |
| 4.00%, 01/01/45 | &nbsp;&nbsp; 9470 | 9408325 |
| 4.00%, 02/01/45 | &nbsp;&nbsp; 28746 | 28593222 |
| 4.00%, 03/01/45 | &nbsp;&nbsp; 4561 | 4514249 |
| 4.00%, 05/01/45 | &nbsp;&nbsp; 8313 | 8235293 |
| 4.00%, 06/01/45 | &nbsp;&nbsp; 4548 | 4516395 |
| 4.00%, 07/01/45 | &nbsp;&nbsp; 387 | 381726 |
| 4.00%, 08/01/45 | &nbsp;&nbsp; 284 | 279982 |
| 4.00%, 09/01/45 | &nbsp;&nbsp; 664 | 656809 |
| 4.00%, 11/01/45 | &nbsp;&nbsp; 105 | 103057 |
| 4.00%, 12/01/45 | &nbsp;&nbsp; 676 | 668155 |
| 4.00%, 01/01/46 | &nbsp;&nbsp; 593 | 584783 |
| 4.00%, 02/01/46 | &nbsp;&nbsp; 1085 | 1069002 |
| 4.00%, 03/01/46 | &nbsp;&nbsp; 1317 | 1297746 |
| 4.00%, 04/01/46 | &nbsp;&nbsp; 1826 | 1798313 |
| 4.00%, 05/01/46 | &nbsp;&nbsp; 2383 | 2347576 |
| 4.00%, 06/01/46 | &nbsp;&nbsp; 14176 | 14055720 |
| 4.00%, 07/01/46 | &nbsp;&nbsp; 16956 | 16737360 |
| 4.00%, 08/01/46 | &nbsp;&nbsp; 3020 | 2976154 |
| 4.00%, 09/01/46 | &nbsp;&nbsp; 125 | 122985 |
| 4.00%, 10/01/46 | &nbsp;&nbsp; 3226 | 3195689 |
| 4.00%, 11/01/46 | &nbsp;&nbsp; 1001 | 991886 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 02/01/47 | &nbsp;&nbsp; $2202 | $2170528 |
| 4.00%, 03/01/47 | &nbsp;&nbsp; 1807 | 1785176 |
| 4.00%, 04/01/47 | &nbsp;&nbsp; 4843 | 4769220 |
| 4.00%, 05/01/47 | &nbsp;&nbsp; 4546 | 4484485 |
| 4.00%, 06/01/47 | &nbsp;&nbsp; 8878 | 8759375 |
| 4.00%, 07/01/47 | &nbsp;&nbsp; 13965 | 13745080 |
| 4.00%, 08/01/47 | &nbsp;&nbsp; 11518 | 11345524 |
| 4.00%, 09/01/47 | &nbsp;&nbsp; 12099 | 11897126 |
| 4.00%, 10/01/47 | &nbsp;&nbsp; 10334 | 10216241 |
| 4.00%, 11/01/47 | &nbsp;&nbsp; 5372 | 5272342 |
| 4.00%, 12/01/47 | &nbsp;&nbsp; 8176 | 8028097 |
| 4.00%, 01/01/48 | &nbsp;&nbsp; 1658 | 1627584 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 17441 | 17118530 |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 18273 | 17939003 |
| 4.00%, 05/01/48 | &nbsp;&nbsp; 1459 | 1432198 |
| 4.00%, 07/01/48 | &nbsp;&nbsp; 2247 | 2205233 |
| 4.00%, 09/01/48 | &nbsp;&nbsp; 8868 | 8705331 |
| 4.00%, 10/01/48 | &nbsp;&nbsp; 6432 | 6324464 |
| 4.00%, 11/01/48 | &nbsp;&nbsp; 19186 | 18835614 |
| 4.00%, 01/01/49 | &nbsp;&nbsp; 2424 | 2388847 |
| 4.00%, 02/01/49 | &nbsp;&nbsp; 2701 | 2651708 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 30800 | 30238463 |
| 4.00%, 04/01/49 | &nbsp;&nbsp; 8734 | 8607489 |
| 4.00%, 05/01/49 | &nbsp;&nbsp; 6555 | 6461274 |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 26207 | 25782464 |
| 4.00%, 07/01/49 | &nbsp;&nbsp; 46029 | 45225834 |
| 4.00%, 08/01/49 | &nbsp;&nbsp; 595 | 587638 |
| 4.00%, 10/01/49 | &nbsp;&nbsp; 1498 | 1470517 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 34933 | 34215295 |
| 4.00%, 12/01/49 | &nbsp;&nbsp; 2785 | 2730366 |
| 4.00%, 01/01/50 | &nbsp;&nbsp; 15897 | 15606280 |
| 4.00%, 02/01/50 | &nbsp;&nbsp; 470 | 460825 |
| 4.00%, 05/01/50 | &nbsp;&nbsp; 8145 | 7985098 |
| 4.00%, 11/01/50 | &nbsp;&nbsp; 3427 | 3360127 |
| 4.00%, 03/01/51 | &nbsp;&nbsp; 6440 | 6314162 |
| 4.00%, 05/01/51 | &nbsp;&nbsp; 16488 | 16186407 |
| 4.00%, 08/01/51 | &nbsp;&nbsp; 1120 | 1098233 |
| 4.00%, 10/01/51 | &nbsp;&nbsp; 3145 | 3083193 |
| 4.00%, 11/01/51 | &nbsp;&nbsp; 7769 | 7616926 |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 13472 | 13144502 |
| 4.00%, 05/01/52 | &nbsp;&nbsp; 31963 | 31230356 |
| 4.00%, 06/01/52 | &nbsp;&nbsp; 40892 | 39863430 |
| 4.00%, 07/01/52 | &nbsp;&nbsp; 114011 | 111305438 |
| 4.00%, 08/01/52 | &nbsp;&nbsp; 170560 | 166199845 |
| 4.00%, 09/01/52 | &nbsp;&nbsp; 18392 | 17911002 |
| 4.00%, 10/01/52 | &nbsp;&nbsp; 26863 | 26348882 |
| 4.00%, 11/01/52 | &nbsp;&nbsp; 3680 | 3593053 |
| 4.00%, 12/01/52 | &nbsp;&nbsp; 49337 | 48056214 |
| 4.00%, 02/01/53 | &nbsp;&nbsp; 37926 | 37151725 |
| 4.00%, 03/01/53 | &nbsp;&nbsp; 4750 | 4624327 |
| 4.00%, 04/01/53 | &nbsp;&nbsp; 3605 | 3522297 |
| 4.00%, 07/01/53 | &nbsp;&nbsp; 5665 | 5524201 |
| 4.00%, 01/01/54 | &nbsp;&nbsp; 11352 | 11054367 |
| 4.00%, 06/01/54 | &nbsp;&nbsp; 31400 | 30526872 |
| 4.00%, 09/01/54 | &nbsp;&nbsp; 2483 | 2413825 |
| 4.00%, 03/01/55 | &nbsp;&nbsp; 47563 | 46239723 |
| 4.00%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 168890 | 164129555 |
| 4.50%, 08/01/31 | &nbsp;&nbsp; 570 | 576124 |
| 4.50%, 08/01/34 | &nbsp;&nbsp; 213 | 215157 |
| 4.50%, 03/15/40<sup>(i)</sup> | &nbsp;&nbsp; 4200 | 4217574 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 2117 | 2148666 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 12/01/40 | &nbsp;&nbsp; $1128 | $1144704 |
| 4.50%, 01/01/41 | &nbsp;&nbsp; 2353 | 2388295 |
| 4.50%, 05/01/41 | &nbsp;&nbsp; 1448 | 1469386 |
| 4.50%, 06/01/41 | &nbsp;&nbsp; 7895 | 8008679 |
| 4.50%, 08/01/41 | &nbsp;&nbsp; 3252 | 3297079 |
| 4.50%, 09/01/41 | &nbsp;&nbsp; 1026 | 1040467 |
| 4.50%, 01/01/42 | &nbsp;&nbsp; 1069 | 1083746 |
| 4.50%, 09/01/42 | &nbsp;&nbsp; 1003 | 1018255 |
| 4.50%, 08/01/43 | &nbsp;&nbsp; 1850 | 1868532 |
| 4.50%, 12/01/43 | &nbsp;&nbsp; 59 | 60007 |
| 4.50%, 03/01/44 | &nbsp;&nbsp; 10 | 10360 |
| 4.50%, 04/01/44 | &nbsp;&nbsp; 3045 | 3076329 |
| 4.50%, 06/01/44 | &nbsp;&nbsp; 557 | 564556 |
| 4.50%, 12/01/44 | &nbsp;&nbsp; 213 | 216124 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 1152 | 1167907 |
| 4.50%, 08/01/45 | &nbsp;&nbsp; 1651 | 1673035 |
| 4.50%, 10/01/45 | &nbsp;&nbsp; 280 | 284685 |
| 4.50%, 11/01/45 | &nbsp;&nbsp; 171 | 172946 |
| 4.50%, 12/01/45 | &nbsp;&nbsp; 504 | 509635 |
| 4.50%, 01/01/46 | &nbsp;&nbsp; 69 | 69010 |
| 4.50%, 02/01/46 | &nbsp;&nbsp; 5791 | 5878670 |
| 4.50%, 03/01/46 | &nbsp;&nbsp; 975 | 989496 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 209 | 212491 |
| 4.50%, 05/01/46 | &nbsp;&nbsp; 67 | 67981 |
| 4.50%, 06/01/46 | &nbsp;&nbsp; 3 | 3526 |
| 4.50%, 07/01/46 | &nbsp;&nbsp; 25 | 25626 |
| 4.50%, 08/01/46 | &nbsp;&nbsp; 1517 | 1530621 |
| 4.50%, 09/01/46 | &nbsp;&nbsp; 600 | 609231 |
| 4.50%, 10/01/46 | &nbsp;&nbsp; 692 | 698572 |
| 4.50%, 01/01/47 | &nbsp;&nbsp; 276 | 278553 |
| 4.50%, 02/01/47 | &nbsp;&nbsp; 119 | 120502 |
| 4.50%, 03/01/47 | &nbsp;&nbsp; 1376 | 1390179 |
| 4.50%, 04/01/47 | &nbsp;&nbsp; 4075 | 4117490 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 2293 | 2313500 |
| 4.50%, 07/01/47 | &nbsp;&nbsp; 14 | 13749 |
| 4.50%, 08/01/47 | &nbsp;&nbsp; 182 | 182838 |
| 4.50%, 10/01/47 | &nbsp;&nbsp; 5312 | 5369369 |
| 4.50%, 01/01/48 | &nbsp;&nbsp; 7502 | 7553608 |
| 4.50%, 02/01/48 | &nbsp;&nbsp; 782 | 790261 |
| 4.50%, 03/01/48 | &nbsp;&nbsp; 4098 | 4133606 |
| 4.50%, 04/01/48 | &nbsp;&nbsp; 5351 | 5376013 |
| 4.50%, 05/01/48 | &nbsp;&nbsp; 850 | 860275 |
| 4.50%, 06/01/48 | &nbsp;&nbsp; 2610 | 2637496 |
| 4.50%, 07/01/48 | &nbsp;&nbsp; 1648 | 1652480 |
| 4.50%, 08/01/48 | &nbsp;&nbsp; 7573 | 7644862 |
| 4.50%, 09/01/48 | &nbsp;&nbsp; 216 | 217813 |
| 4.50%, 10/01/48 | &nbsp;&nbsp; 9188 | 9225769 |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 3635 | 3643837 |
| 4.50%, 12/01/48 | &nbsp;&nbsp; 13672 | 13760300 |
| 4.50%, 01/01/49 | &nbsp;&nbsp; 4404 | 4415107 |
| 4.50%, 02/01/49 | &nbsp;&nbsp; 8551 | 8576788 |
| 4.50%, 03/01/49 | &nbsp;&nbsp; 525 | 530284 |
| 4.50%, 04/01/49 | &nbsp;&nbsp; 9777 | 9869944 |
| 4.50%, 05/01/49 | &nbsp;&nbsp; 8123 | 8143963 |
| 4.50%, 07/01/49 | &nbsp;&nbsp; 763 | 765792 |
| 4.50%, 08/01/49 | &nbsp;&nbsp; 137 | 137832 |
| 4.50%, 05/01/50 | &nbsp;&nbsp; 2145 | 2163083 |
| 4.50%, 09/01/50 | &nbsp;&nbsp; 29145 | 29221446 |
| 4.50%, 05/01/52 | &nbsp;&nbsp; 7759 | 7783179 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 80686 | 80181184 |
| 4.50%, 07/01/52 | &nbsp;&nbsp; 6079 | 6039200 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 08/01/52 | &nbsp;&nbsp; $23428 | $23305902 |
| 4.50%, 09/01/52 | &nbsp;&nbsp; 59429 | 59149331 |
| 4.50%, 10/01/52 | &nbsp;&nbsp; 85108 | 84834373 |
| 4.50%, 11/01/52 | &nbsp;&nbsp; 38287 | 38011377 |
| 4.50%, 12/01/52 | &nbsp;&nbsp; 140492 | 139916040 |
| 4.50%, 02/01/53 | &nbsp;&nbsp; 22977 | 22821617 |
| 4.50%, 04/01/53 | &nbsp;&nbsp; 25411 | 25247462 |
| 4.50%, 05/01/53 | &nbsp;&nbsp; 9533 | 9465780 |
| 4.50%, 07/01/53 | &nbsp;&nbsp; 8756 | 8700629 |
| 4.50%, 08/01/53 | &nbsp;&nbsp; 48114 | 47827418 |
| 4.50%, 09/01/53 | &nbsp;&nbsp; 3833 | 3820623 |
| 4.50%, 11/01/53 | &nbsp;&nbsp; 21248 | 21071752 |
| 4.50%, 03/01/54 | &nbsp;&nbsp; 3554 | 3525870 |
| 4.50%, 04/01/54 | &nbsp;&nbsp; 30339 | 30010406 |
| 4.50%, 11/01/54 | &nbsp;&nbsp; 38037 | 37625064 |
| 4.50%, 12/01/54 | &nbsp;&nbsp; 39708 | 39398606 |
| 4.50%, 03/01/55 | &nbsp;&nbsp; 35639 | 35252713 |
| 4.50%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 167845 | 165973560 |
| 5.00%, 09/01/33 | &nbsp;&nbsp; 54 | 55367 |
| 5.00%, 11/01/33 | &nbsp;&nbsp; 1545 | 1584160 |
| 5.00%, 06/01/35 | &nbsp;&nbsp; 82 | 83747 |
| 5.00%, 10/01/35 | &nbsp;&nbsp; 33 | 34335 |
| 5.00%, 12/01/36 | &nbsp;&nbsp; 24 | 24802 |
| 5.00%, 05/01/39 | &nbsp;&nbsp; 16 | 16985 |
| 5.00%, 06/01/39 | &nbsp;&nbsp; 323 | 330852 |
| 5.00%, 12/01/39 | &nbsp;&nbsp; 58 | 60352 |
| 5.00%, 01/01/40 | &nbsp;&nbsp; 1 | 1372 |
| 5.00%, 03/01/40 | &nbsp;&nbsp; 971 | 1002183 |
| 5.00%, 03/15/40<sup>(i)</sup> | &nbsp;&nbsp; 975 | 989710 |
| 5.00%, 04/01/40 | &nbsp;&nbsp; 154 | 158682 |
| 5.00%, 05/01/40 | &nbsp;&nbsp; 10 | 10276 |
| 5.00%, 06/01/40 | &nbsp;&nbsp; 70 | 71286 |
| 5.00%, 07/01/40 | &nbsp;&nbsp; 682 | 704306 |
| 5.00%, 08/01/40 | &nbsp;&nbsp; 807 | 832142 |
| 5.00%, 09/01/40 | &nbsp;&nbsp; 7 | 6748 |
| 5.00%, 10/01/40 | &nbsp;&nbsp; 30 | 30674 |
| 5.00%, 04/01/41 | &nbsp;&nbsp; 403 | 416180 |
| 5.00%, 05/01/41 | &nbsp;&nbsp; 1621 | 1673326 |
| 5.00%, 06/01/41 | &nbsp;&nbsp; 431 | 446637 |
| 5.00%, 08/01/41 | &nbsp;&nbsp; 844 | 876013 |
| 5.00%, 10/01/41 | &nbsp;&nbsp; 2012 | 2077769 |
| 5.00%, 01/01/42 | &nbsp;&nbsp; 10302 | 10634050 |
| 5.00%, 05/01/42 | &nbsp;&nbsp; 3892 | 4016842 |
| 5.00%, 09/01/47 | &nbsp;&nbsp; 311 | 318089 |
| 5.00%, 02/01/48 | &nbsp;&nbsp; 1473 | 1507888 |
| 5.00%, 03/01/48 | &nbsp;&nbsp; 1222 | 1251795 |
| 5.00%, 04/01/48 | &nbsp;&nbsp; 1600 | 1636482 |
| 5.00%, 05/01/48 | &nbsp;&nbsp; 1380 | 1413789 |
| 5.00%, 07/01/48 | &nbsp;&nbsp; 1802 | 1846333 |
| 5.00%, 09/01/48 | &nbsp;&nbsp; 1169 | 1193019 |
| 5.00%, 01/01/49 | &nbsp;&nbsp; 98 | 100627 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 5275 | 5403263 |
| 5.00%, 05/01/49 | &nbsp;&nbsp; 208 | 212146 |
| 5.00%, 09/01/49 | &nbsp;&nbsp; 55 | 56082 |
| 5.00%, 10/01/49 | &nbsp;&nbsp; 171 | 174906 |
| 5.00%, 07/01/50 | &nbsp;&nbsp; 3141 | 3212745 |
| 5.00%, 08/01/52 | &nbsp;&nbsp; 11940 | 12141422 |
| 5.00%, 09/01/52 | &nbsp;&nbsp; 25138 | 25560213 |
| 5.00%, 10/01/52 | &nbsp;&nbsp; 31937 | 32415685 |
| 5.00%, 11/01/52 | &nbsp;&nbsp; 35394 | 35943385 |
| 5.00%, 12/01/52 | &nbsp;&nbsp; 52099 | 52789989 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 01/01/53 | &nbsp;&nbsp; $39406 | $39977807 |
| 5.00%, 02/01/53 | &nbsp;&nbsp; 71276 | 71876052 |
| 5.00%, 03/01/53 | &nbsp;&nbsp; 44910 | 45468688 |
| 5.00%, 04/01/53 | &nbsp;&nbsp; 84060 | 84981758 |
| 5.00%, 05/01/53 | &nbsp;&nbsp; 64970 | 65451150 |
| 5.00%, 06/01/53 | &nbsp;&nbsp; 143107 | 144804600 |
| 5.00%, 07/01/53 | &nbsp;&nbsp; 67694 | 68495826 |
| 5.00%, 08/01/53 | &nbsp;&nbsp; 37982 | 38378072 |
| 5.00%, 09/01/53 | &nbsp;&nbsp; 22548 | 22755631 |
| 5.00%, 10/01/53 | &nbsp;&nbsp; 4653 | 4727952 |
| 5.00%, 11/01/53 | &nbsp;&nbsp; 11021 | 11116101 |
| 5.00%, 12/01/53 | &nbsp;&nbsp; 13435 | 13540397 |
| 5.00%, 01/01/54 | &nbsp;&nbsp; 5849 | 5892180 |
| 5.00%, 02/01/54 | &nbsp;&nbsp; 44949 | 45275209 |
| 5.00%, 04/01/54 | &nbsp;&nbsp; 23703 | 24008865 |
| 5.00%, 06/01/54 | &nbsp;&nbsp; 16318 | 16455576 |
| 5.00%, 10/01/54 | &nbsp;&nbsp; 78344 | 78841619 |
| 5.00%, 11/01/54 | &nbsp;&nbsp; 83279 | 83863104 |
| 5.00%, 12/01/54 | &nbsp;&nbsp; 69843 | 70590603 |
| 5.00%, 01/01/55 | &nbsp;&nbsp; 102201 | 102979274 |
| 5.00%, 02/01/55 | &nbsp;&nbsp; 9645 | 9738380 |
| 5.00%, 04/01/55 | &nbsp;&nbsp; 6887 | 6932790 |
| 5.00%, 11/01/55 | &nbsp;&nbsp; 76631 | 77564230 |
| 5.00%, 12/01/55 | &nbsp;&nbsp; 111166 | 112224585 |
| 5.00%, 01/01/56 | &nbsp;&nbsp; 85085 | 85645889 |
| 5.00%, 03/01/56 | &nbsp;&nbsp; 18180 | 18299806 |
| 5.00%, 03/15/56<sup>(i)</sup> | &nbsp;&nbsp; 385745 | 387475361 |
| 5.50%, 05/01/33 | &nbsp;&nbsp; 568 | 587489 |
| 5.50%, 11/01/33 | &nbsp;&nbsp; 1197 | 1238762 |
| 5.50%, 09/01/34 | &nbsp;&nbsp; 1874 | 1948483 |
| 5.50%, 09/01/36 | &nbsp;&nbsp; 124 | 128671 |
| 5.50%, 03/01/38 | &nbsp;&nbsp; 125 | 131143 |
| 5.50%, 06/01/38 | &nbsp;&nbsp; 3380 | 3533959 |
| 5.50%, 11/01/38 | &nbsp;&nbsp; 265 | 277112 |
| 5.50%, 07/01/40 | &nbsp;&nbsp; 814 | 850116 |
| 5.50%, 09/01/41 | &nbsp;&nbsp; 19364 | 20053517 |
| 5.50%, 01/01/47 | &nbsp;&nbsp; 1606 | 1673055 |
| 5.50%, 12/01/48 | &nbsp;&nbsp; 154 | 160253 |
| 5.50%, 09/01/52 | &nbsp;&nbsp; 10307 | 10692328 |
| 5.50%, 11/01/52 | &nbsp;&nbsp; 19832 | 20387197 |
| 5.50%, 12/01/52 | &nbsp;&nbsp; 49349 | 50939034 |
| 5.50%, 01/01/53 | &nbsp;&nbsp; 112431 | 115730705 |
| 5.50%, 02/01/53 | &nbsp;&nbsp; 82457 | 84473602 |
| 5.50%, 03/01/53 | &nbsp;&nbsp; 65785 | 67900702 |
| 5.50%, 04/01/53 | &nbsp;&nbsp; 86581 | 88712995 |
| 5.50%, 05/01/53 | &nbsp;&nbsp; 129318 | 132163031 |
| 5.50%, 06/01/53 | &nbsp;&nbsp; 32007 | 32913164 |
| 5.50%, 07/01/53 | &nbsp;&nbsp; 42926 | 44244556 |
| 5.50%, 08/01/53 | &nbsp;&nbsp; 33817 | 34486560 |
| 5.50%, 09/01/53 | &nbsp;&nbsp; 75774 | 77135492 |
| 5.50%, 10/01/53 | &nbsp;&nbsp; 40815 | 41645983 |
| 5.50%, 11/01/53 | &nbsp;&nbsp; 38993 | 40036943 |
| 5.50%, 12/01/53 | &nbsp;&nbsp; 5636 | 5774352 |
| 5.50%, 01/01/54 | &nbsp;&nbsp; 8411 | 8633825 |
| 5.50%, 02/01/54 | &nbsp;&nbsp; 79495 | 81039753 |
| 5.50%, 03/01/54 | &nbsp;&nbsp; 102797 | 104932266 |
| 5.50%, 04/01/54 | &nbsp;&nbsp; 67328 | 68598922 |
| 5.50%, 05/01/54 | &nbsp;&nbsp; 74123 | 75695389 |
| 5.50%, 06/01/54 | &nbsp;&nbsp; 43610 | 44423619 |
| 5.50%, 07/01/54 | &nbsp;&nbsp; 12368 | 12760856 |
| 5.50%, 08/01/54 | &nbsp;&nbsp; 57598 | 58950943 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 09/01/54 | &nbsp;&nbsp; $16373 | $16806671 |
| 5.50%, 10/01/54 | &nbsp;&nbsp; 74177 | 75436876 |
| 5.50%, 11/01/54 | &nbsp;&nbsp; 94953 | 97750882 |
| 5.50%, 01/01/55 | &nbsp;&nbsp; 47636 | 48418774 |
| 5.50%, 02/01/55 | &nbsp;&nbsp; 2343 | 2380794 |
| 5.50%, 03/01/55 | &nbsp;&nbsp; 10207 | 10454351 |
| 5.50%, 04/01/55 | &nbsp;&nbsp; 49018 | 50292568 |
| 5.50%, 05/01/55 | &nbsp;&nbsp; 91625 | 93866450 |
| 5.50%, 06/01/55 | &nbsp;&nbsp; 11113 | 11397688 |
| 5.50%, 07/01/55<sup>(a)</sup> | &nbsp;&nbsp; 26760 | 27308653 |
| 5.50%, 08/01/55 | &nbsp;&nbsp; 14612 | 15002577 |
| 5.50%, 09/01/55 | &nbsp;&nbsp; 140801 | 144183234 |
| 5.50%, 10/01/55 | &nbsp;&nbsp; 57304 | 58828838 |
| 5.50%, 11/01/55 | &nbsp;&nbsp; 104294 | 106858963 |
| 5.50%, 12/01/55 | &nbsp;&nbsp; 21474 | 22017130 |
| 5.50%, 01/01/56 | &nbsp;&nbsp; 27942 | 28641184 |
| 5.50%, 02/01/56 | &nbsp;&nbsp; 43870 | 44966731 |
| 5.50%, 03/01/56 | &nbsp;&nbsp; 12573 | 12877061 |
| 5.50%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 316905 | 321985871 |
| 6.00%, 03/01/34 | &nbsp;&nbsp; 964 | 1006392 |
| 6.00%, 05/01/34 | &nbsp;&nbsp; 69 | 71896 |
| 6.00%, 08/01/34 | &nbsp;&nbsp; 168 | 176155 |
| 6.00%, 11/01/34 | &nbsp;&nbsp; 55 | 57768 |
| 6.00%, 09/01/36 | &nbsp;&nbsp; 262 | 277704 |
| 6.00%, 08/01/37 | &nbsp;&nbsp; 610 | 649188 |
| 6.00%, 03/01/38 | &nbsp;&nbsp; 224 | 238091 |
| 6.00%, 05/01/38 | &nbsp;&nbsp; 99 | 105824 |
| 6.00%, 09/01/38 | &nbsp;&nbsp; 85 | 90439 |
| 6.00%, 06/01/39 | &nbsp;&nbsp; 1457 | 1528539 |
| 6.00%, 10/01/39 | &nbsp;&nbsp; 107 | 113863 |
| 6.00%, 07/01/41 | &nbsp;&nbsp; 842 | 892923 |
| 6.00%, 02/01/49 | &nbsp;&nbsp; 4110 | 4356931 |
| 6.00%, 11/01/52 | &nbsp;&nbsp; 2562 | 2671347 |
| 6.00%, 12/01/52 | &nbsp;&nbsp; 1780 | 1845980 |
| 6.00%, 01/01/53 | &nbsp;&nbsp; 27168 | 28253143 |
| 6.00%, 02/01/53 | &nbsp;&nbsp; 74332 | 76561099 |
| 6.00%, 04/01/53 | &nbsp;&nbsp; 2249 | 2360433 |
| 6.00%, 05/01/53 | &nbsp;&nbsp; 2679 | 2791728 |
| 6.00%, 06/01/53 | &nbsp;&nbsp; 12517 | 13032198 |
| 6.00%, 07/01/53 | &nbsp;&nbsp; 77554 | 80467796 |
| 6.00%, 08/01/53 | &nbsp;&nbsp; 165513 | 172450454 |
| 6.00%, 09/01/53 | &nbsp;&nbsp; 73316 | 75888179 |
| 6.00%, 10/01/53 | &nbsp;&nbsp; 17026 | 17530883 |
| 6.00%, 11/01/53 | &nbsp;&nbsp; 80248 | 82833886 |
| 6.00%, 12/01/53 | &nbsp;&nbsp; 16894 | 17525782 |
| 6.00%, 01/01/54 | &nbsp;&nbsp; 36176 | 37247015 |
| 6.00%, 02/01/54 | &nbsp;&nbsp; 34569 | 35575443 |
| 6.00%, 03/01/54 | &nbsp;&nbsp; 17831 | 18463184 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 43782 | 45400536 |
| 6.00%, 05/01/54 | &nbsp;&nbsp; 12972 | 13351762 |
| 6.00%, 06/01/54 | &nbsp;&nbsp; 18013 | 18545015 |
| 6.00%, 07/01/54 | &nbsp;&nbsp; 19662 | 20383398 |
| 6.00%, 08/01/54 | &nbsp;&nbsp; 104569 | 108302784 |
| 6.00%, 09/01/54 | &nbsp;&nbsp; 180615 | 186943027 |
| 6.00%, 10/01/54 | &nbsp;&nbsp; 129363 | 133260221 |
| 6.00%, 11/01/54 | &nbsp;&nbsp; 16395 | 16872746 |
| 6.00%, 01/01/55 | &nbsp;&nbsp; 16123 | 16675905 |
| 6.00%, 02/01/55 | &nbsp;&nbsp; 64212 | 66256343 |
| 6.00%, 03/01/55 | &nbsp;&nbsp; 35882 | 37024880 |
| 6.00%, 03/15/55<sup>(i)</sup> | &nbsp;&nbsp; 304255 | 312070785 |
| 6.00%, 04/01/55 | &nbsp;&nbsp; 57393 | 59188895 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.00%, 05/01/55 | &nbsp;&nbsp; $44669 | $45891871 |
| 6.00%, 06/01/55 | &nbsp;&nbsp; 39048 | 40446501 |
| 6.00%, 07/01/55 | &nbsp;&nbsp; 39912 | 41069488 |
| 6.00%, 08/01/55 | &nbsp;&nbsp; 62048 | 63915034 |
| 6.00%, 09/01/55 | &nbsp;&nbsp; 132278 | 136991779 |
| 6.00%, 10/01/55 | &nbsp;&nbsp; 42733 | 44460082 |
| 6.00%, 12/01/55 | &nbsp;&nbsp; 36885 | 38317114 |
| 6.50%, 08/01/36 | &nbsp;&nbsp; 17 | 18029 |
| 6.50%, 09/01/36 | &nbsp;&nbsp; 117 | 125329 |
| 6.50%, 10/01/36 | &nbsp;&nbsp; 17 | 17760 |
| 6.50%, 12/01/36 | &nbsp;&nbsp; 29 | 31456 |
| 6.50%, 07/01/37 | &nbsp;&nbsp; 29 | 30715 |
| 6.50%, 08/01/37 | &nbsp;&nbsp; 1365 | 1466920 |
| 6.50%, 10/01/37 | &nbsp;&nbsp; 49 | 53026 |
| 6.50%, 11/01/37 | &nbsp;&nbsp; 9 | 9161 |
| 6.50%, 12/01/37 | &nbsp;&nbsp; 354 | 377962 |
| 6.50%, 06/01/38 | &nbsp;&nbsp; 14 | 14790 |
| 6.50%, 10/01/39 | &nbsp;&nbsp; 365 | 392509 |
| 6.50%, 05/01/40 | &nbsp;&nbsp; 12 | 12525 |
| 6.50%, 07/01/53 | &nbsp;&nbsp; 5802 | 6120938 |
| 6.50%, 09/01/53 | &nbsp;&nbsp; 26678 | 27957567 |
| 6.50%, 10/01/53 | &nbsp;&nbsp; 59632 | 62730314 |
| 6.50%, 11/01/53 | &nbsp;&nbsp; 71882 | 75157521 |
| 6.50%, 12/01/53 | &nbsp;&nbsp; 144549 | 152066457 |
| 6.50%, 01/01/54 | &nbsp;&nbsp; 66694 | 70166241 |
| 6.50%, 02/01/54 | &nbsp;&nbsp; 33864 | 35826904 |
| 6.50%, 03/01/54 | &nbsp;&nbsp; 55260 | 57971498 |
| 6.50%, 04/01/54 | &nbsp;&nbsp; 14614 | 15320334 |
| 6.50%, 05/01/54 | &nbsp;&nbsp; 4287 | 4476231 |
| 6.50%, 06/01/54 | &nbsp;&nbsp; 18558 | 19499728 |
| 6.50%, 07/01/54 | &nbsp;&nbsp; 19210 | 20187836 |
| 6.50%, 08/01/54 | &nbsp;&nbsp; 41279 | 43206641 |
| 6.50%, 09/01/54 | &nbsp;&nbsp; 32253 | 33870339 |
| 6.50%, 10/01/54 | &nbsp;&nbsp; 2391 | 2493103 |
| 6.50%, 01/01/55 | &nbsp;&nbsp; 16904 | 17697264 |
| 6.50%, 02/01/55 | &nbsp;&nbsp; 29127 | 30644430 |
| 6.50%, 03/01/55 | &nbsp;&nbsp; 3333 | 3503853 |
| 6.50%, 03/15/55<sup>(i)</sup> | &nbsp;&nbsp; 41000 | 42582949 |
| 6.50%, 04/01/55 | &nbsp;&nbsp; 11412 | 11920069 |
| 6.50%, 07/01/55 | &nbsp;&nbsp; 12431 | 13014651 |
| 6.50%, 08/01/55 | &nbsp;&nbsp; 43609 | 45816570 |
| 6.50%, 09/01/55 | &nbsp;&nbsp; 18140 | 19065717 |
| 6.50%, 10/01/55 | &nbsp;&nbsp; 7096 | 7444032 |
| 6.50%, 11/01/55 | &nbsp;&nbsp; 27969 | 29369288 |
| 7.00%, 04/01/37 | &nbsp;&nbsp; 427 | 466167 |
|  |  | 34346421333 |
| **U.S. Government Agency Obligations — 0.1%** | **U.S. Government Agency Obligations — 0.1%** | **U.S. Government Agency Obligations — 0.1%** |
| Federal Home Loan Banks |  |  |
| 2.13%, 12/14/29 | &nbsp;&nbsp; 70 | 66548 |
| 3.25%, 11/16/28 | &nbsp;&nbsp; 25470 | 25386068 |
| 4.25%, 12/10/27 | &nbsp;&nbsp; 75 | 76066 |
| 5.50%, 07/15/36 | &nbsp;&nbsp; 7900 | 8809033 |
| Federal Home Loan Mortgage Corp. |  |  |
| 6.25%, 07/15/32 | &nbsp;&nbsp; 73453 | 83916963 |
| 6.75%, 03/15/31 | &nbsp;&nbsp; 21820 | 24997851 |
| Federal National Mortgage Association |  |  |
| 0.88%, 08/05/30 | &nbsp;&nbsp; 17530 | 15669334 |
| 5.63%, 07/15/37 | &nbsp;&nbsp; 795 | 894682 |
| 6.25%, 05/15/29 | &nbsp;&nbsp; 580 | 629140 |
| 6.63%, 11/15/30 | &nbsp;&nbsp; 8180 | 9262936 |
| 7.13%, 01/15/30 | &nbsp;&nbsp; 10000 | 11300415 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Agency Obligations (continued)** | **U.S. Government Agency Obligations (continued)** | **U.S. Government Agency Obligations (continued)** |
| 7.25%, 05/15/30 | &nbsp;&nbsp; $17396 | $19926460 |
| Tennessee Valley Authority |  |  |
| 1.50%, 09/15/31 | &nbsp;&nbsp; 1000 | 890765 |
| 3.50%, 12/15/42 | &nbsp;&nbsp; 525 | 453007 |
| 4.63%, 09/15/60 | &nbsp;&nbsp; 1000 | 923636 |
| 4.88%, 05/15/35 | &nbsp;&nbsp; 4000 | 4221118 |
| 4.88%, 01/15/48 | &nbsp;&nbsp; 8035 | 8048644 |
| 5.25%, 09/15/39 | &nbsp;&nbsp; 458 | 496538 |
| 5.25%, 02/01/55<sup>(c)</sup> | &nbsp;&nbsp; 1600 | 1648824 |
| 5.50%, 06/15/38 | &nbsp;&nbsp; 10000 | 11049628 |
| 5.88%, 04/01/36 | &nbsp;&nbsp; 95 | 108089 |
| 6.15%, 01/15/38<sup>(c)</sup> | &nbsp;&nbsp; 3553 | 4173762 |
| 7.13%, 05/01/30 | &nbsp;&nbsp; 3556 | 4043606 |
| Series B, 4.70%, 07/15/33 | &nbsp;&nbsp; 1500 | 1579960 |
|  |  | 238573073 |
| **U.S. Government Obligations — 45.5%** | **U.S. Government Obligations — 45.5%** | **U.S. Government Obligations — 45.5%** |
| U.S. Treasury Bonds |  |  |
| 1.13%, 05/15/40 | &nbsp;&nbsp; 169599 | 111325844 |
| 1.13%, 08/15/40 | &nbsp;&nbsp; 133050 | 86482500 |
| 1.25%, 05/15/50 | &nbsp;&nbsp; 186752 | 93551080 |
| 1.38%, 11/15/40 | &nbsp;&nbsp; 284800 | 191261000 |
| 1.38%, 08/15/50 | &nbsp;&nbsp; 156410 | 80526711 |
| 1.63%, 11/15/50 | &nbsp;&nbsp; 296292 | 162590455 |
| 1.75%, 08/15/41 | &nbsp;&nbsp; 394079 | 275177977 |
| 1.88%, 02/15/41 | &nbsp;&nbsp; 294481 | 212578472 |
| 1.88%, 02/15/51 | &nbsp;&nbsp; 464109 | 270778711 |
| 1.88%, 11/15/51 | &nbsp;&nbsp; 366985 | 211819155 |
| 2.00%, 11/15/41 | &nbsp;&nbsp; 299861 | 216415306 |
| 2.00%, 02/15/50 | &nbsp;&nbsp; 203854 | 124669340 |
| 2.00%, 08/15/51 | &nbsp;&nbsp; 429990 | 257187529 |
| 2.25%, 05/15/41 | &nbsp;&nbsp; 297635 | 226109589 |
| 2.25%, 08/15/46 | &nbsp;&nbsp; 118960 | 81376075 |
| 2.25%, 08/15/49 | &nbsp;&nbsp; 107706 | 70277839 |
| 2.25%, 02/15/52 | &nbsp;&nbsp; 312249 | 197546281 |
| 2.38%, 02/15/42 | &nbsp;&nbsp; 234239 | 178131440 |
| 2.38%, 11/15/49 | &nbsp;&nbsp; 241840 | 161654925 |
| 2.38%, 05/15/51 | &nbsp;&nbsp; 360425 | 236641539 |
| 2.50%, 02/15/45 | &nbsp;&nbsp; 50824 | 37300051 |
| 2.50%, 02/15/46 | &nbsp;&nbsp; 144767 | 104616777 |
| 2.50%, 05/15/46 | &nbsp;&nbsp; 123517 | 88932240 |
| 2.75%, 08/15/42 | &nbsp;&nbsp; 92186 | 73518335 |
| 2.75%, 11/15/42 | &nbsp;&nbsp; 128580 | 102040284 |
| 2.75%, 08/15/47 | &nbsp;&nbsp; 219000 | 162367969 |
| 2.75%, 11/15/47 | &nbsp;&nbsp; 158550 | 117227906 |
| 2.88%, 05/15/43 | &nbsp;&nbsp; 121184 | 97174420 |
| 2.88%, 08/15/45 | &nbsp;&nbsp; 119644 | 93004516 |
| 2.88%, 11/15/46 | &nbsp;&nbsp; 54000 | 41369063 |
| 2.88%, 05/15/49 | &nbsp;&nbsp; 42000 | 31283438 |
| 2.88%, 05/15/52 | &nbsp;&nbsp; 298266 | 216708891 |
| 3.00%, 05/15/42 | &nbsp;&nbsp; 53150 | 44147719 |
| 3.00%, 11/15/44 | &nbsp;&nbsp; 99727 | 79843929 |
| 3.00%, 05/15/45 | &nbsp;&nbsp; 27414 | 21828398 |
| 3.00%, 11/15/45 | &nbsp;&nbsp; 65100 | 51520547 |
| 3.00%, 02/15/47 | &nbsp;&nbsp; 116190 | 90718973 |
| 3.00%, 05/15/47 | &nbsp;&nbsp; 152118 | 118390587 |
| 3.00%, 02/15/48 | &nbsp;&nbsp; 154550 | 119317430 |
| 3.00%, 08/15/48 | &nbsp;&nbsp; 161252 | 123886581 |
| 3.00%, 02/15/49 | &nbsp;&nbsp; 33660 | 25733816 |
| 3.00%, 08/15/52 | &nbsp;&nbsp; 281885 | 209916236 |
| 3.13%, 11/15/41 | &nbsp;&nbsp; 53901 | 45933758 |
| 3.13%, 02/15/42 | &nbsp;&nbsp; 71800 | 60917813 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 3.13%, 02/15/43 | &nbsp;&nbsp; $76200 | $63638906 |
| 3.13%, 08/15/44 | &nbsp;&nbsp; 60519 | 49578300 |
| 3.13%, 05/15/48 | &nbsp;&nbsp; 150667 | 118673962 |
| 3.25%, 05/15/42 | &nbsp;&nbsp; 203972 | 175352179 |
| 3.38%, 08/15/42 | &nbsp;&nbsp; 139819 | 121839150 |
| 3.38%, 05/15/44 | &nbsp;&nbsp; 84200 | 71846281 |
| 3.38%, 11/15/48 | &nbsp;&nbsp; 249432 | 204495594 |
| 3.50%, 02/15/39 | &nbsp;&nbsp; 24000 | 22417500 |
| 3.63%, 08/15/43 | &nbsp;&nbsp; 73600 | 65573000 |
| 3.63%, 02/15/44 | &nbsp;&nbsp; 83950 | 74440039 |
| 3.63%, 02/15/53 | &nbsp;&nbsp; 252636 | 212095985 |
| 3.63%, 05/15/53 | &nbsp;&nbsp; 268228 | 225060056 |
| 3.75%, 08/15/41 | &nbsp;&nbsp; 52000 | 48238125 |
| 3.75%, 11/15/43 | &nbsp;&nbsp; 36600 | 33082969 |
| 3.88%, 08/15/40 | &nbsp;&nbsp; 50516 | 48053345 |
| 3.88%, 02/15/43 | &nbsp;&nbsp; 184663 | 171101811 |
| 3.88%, 05/15/43 | &nbsp;&nbsp; 190341 | 175946462 |
| 4.00%, 11/15/42 | &nbsp;&nbsp; 166665 | 157238011 |
| 4.00%, 11/15/52 | &nbsp;&nbsp; 279749 | 251380703 |
| 4.13%, 08/15/44 | &nbsp;&nbsp; 205370 | 194491808 |
| 4.13%, 08/15/53 | &nbsp;&nbsp; 295417 | 271045097 |
| 4.25%, 05/15/39 | &nbsp;&nbsp; 37340 | 37491694 |
| 4.25%, 11/15/40 | &nbsp;&nbsp; 28889 | 28595596 |
| 4.25%, 02/15/54 | &nbsp;&nbsp; 337122 | 315788498 |
| 4.25%, 08/15/54 | &nbsp;&nbsp; 335141 | 314037590 |
| 4.38%, 02/15/38 | &nbsp;&nbsp; 32000 | 32970000 |
| 4.38%, 11/15/39 | &nbsp;&nbsp; 50933 | 51505996 |
| 4.38%, 05/15/40 | &nbsp;&nbsp; 32403 | 32656148 |
| 4.38%, 05/15/41 | &nbsp;&nbsp; 15949 | 15961460 |
| 4.38%, 08/15/43 | &nbsp;&nbsp; 209492 | 206087755 |
| 4.50%, 02/15/36 | &nbsp;&nbsp; 27685 | 29038970 |
| 4.50%, 05/15/38 | &nbsp;&nbsp; 47000 | 48880000 |
| 4.50%, 08/15/39 | &nbsp;&nbsp; 50707 | 52022213 |
| 4.50%, 02/15/44 | &nbsp;&nbsp; 209249 | 208627792 |
| 4.50%, 11/15/54 | &nbsp;&nbsp; 297076 | 290252536 |
| 4.63%, 02/15/40 | &nbsp;&nbsp; 45950 | 47594148 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 209746 | 212171188 |
| 4.63%, 11/15/44 | &nbsp;&nbsp; 201758 | 203681006 |
| 4.63%, 11/15/45 | &nbsp;&nbsp; 128299 | 129161009 |
| 4.63%, 02/15/46 | &nbsp;&nbsp; 6724 | 6772066 |
| 4.63%, 05/15/54 | &nbsp;&nbsp; 345976 | 344894825 |
| 4.63%, 02/15/55 | &nbsp;&nbsp; 301791 | 301036522 |
| 4.63%, 11/15/55 | &nbsp;&nbsp; 239360 | 238986000 |
| 4.75%, 02/15/37 | &nbsp;&nbsp; 21977 | 23457014 |
| 4.75%, 02/15/41 | &nbsp;&nbsp; 56158 | 58614913 |
| 4.75%, 11/15/43 | &nbsp;&nbsp; 204910 | 210961248 |
| 4.75%, 02/15/45 | &nbsp;&nbsp; 169168 | 173423633 |
| 4.75%, 11/15/53 | &nbsp;&nbsp; 319670 | 324864637 |
| 4.75%, 05/15/55 | &nbsp;&nbsp; 296872 | 302160032 |
| 4.75%, 08/15/55 | &nbsp;&nbsp; 298093 | 303589090 |
| 4.75%, 02/15/56 | &nbsp;&nbsp; 57156 | 58245536 |
| 4.88%, 08/15/45 | &nbsp;&nbsp; 136921 | 142440628 |
| 5.00%, 05/15/37 | &nbsp;&nbsp; 53658 | 58503988 |
| 5.00%, 05/15/45 | &nbsp;&nbsp; 148200 | 156675293 |
| 5.25%, 11/15/28 | &nbsp;&nbsp; 29377 | 30712735 |
| 5.25%, 02/15/29 | &nbsp;&nbsp; 40090 | 42172801 |
| 5.50%, 08/15/28 | &nbsp;&nbsp; 77000 | 80603360 |
| 6.13%, 08/15/29 | &nbsp;&nbsp; 31750 | 34448750 |
| 6.25%, 05/15/30 | &nbsp;&nbsp; 5000 | 5528516 |
| U.S. Treasury Notes |  |  |
| 0.38%, 07/31/27 | &nbsp;&nbsp; 119701 | 114660466 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 0.38%, 09/30/27 | &nbsp;&nbsp; $105000 | $100127344 |
| 0.50%, 04/30/27 | &nbsp;&nbsp; 114800 | 110938953 |
| 0.50%, 05/31/27 | &nbsp;&nbsp; 108400 | 104495907 |
| 0.50%, 06/30/27 | &nbsp;&nbsp; 136901 | 131670955 |
| 0.50%, 08/31/27 | &nbsp;&nbsp; 155022 | 148452211 |
| 0.50%, 10/31/27 | &nbsp;&nbsp; 202200 | 192729773 |
| 0.63%, 03/31/27 | &nbsp;&nbsp; 81600 | 79139250 |
| 0.63%, 11/30/27 | &nbsp;&nbsp; 197000 | 187788711 |
| 0.63%, 12/31/27 | &nbsp;&nbsp; 199200 | 189473438 |
| 0.63%, 05/15/30 | &nbsp;&nbsp; 292641 | 260244728 |
| 0.63%, 08/15/30 | &nbsp;&nbsp; 396000 | 349500939 |
| 0.75%, 01/31/28 | &nbsp;&nbsp; 336795 | 320442023 |
| 0.88%, 11/15/30 | &nbsp;&nbsp; 306732 | 271937089 |
| 1.00%, 07/31/28 | &nbsp;&nbsp; 265704 | 251152556 |
| 1.13%, 02/29/28 | &nbsp;&nbsp; 296906 | 284043940 |
| 1.13%, 08/31/28 | &nbsp;&nbsp; 273600 | 258936750 |
| 1.13%, 02/15/31 | &nbsp;&nbsp; 345276 | 308158830 |
| 1.25%, 03/31/28 | &nbsp;&nbsp; 225000 | 215419923 |
| 1.25%, 04/30/28 | &nbsp;&nbsp; 245585 | 234725538 |
| 1.25%, 05/31/28 | &nbsp;&nbsp; 269485 | 257126588 |
| 1.25%, 06/30/28 | &nbsp;&nbsp; 274615 | 261592243 |
| 1.25%, 09/30/28 | &nbsp;&nbsp; 327539 | 310343202 |
| 1.25%, 08/15/31 | &nbsp;&nbsp; 468900 | 415049766 |
| 1.38%, 10/31/28 | &nbsp;&nbsp; 241616 | 229327562 |
| 1.38%, 12/31/28 | &nbsp;&nbsp; 196730 | 186125023 |
| 1.38%, 11/15/31 | &nbsp;&nbsp; 605073 | 535678690 |
| 1.50%, 11/30/28 | &nbsp;&nbsp; 284200 | 270234236 |
| 1.50%, 02/15/30 | &nbsp;&nbsp; 83185 | 77238573 |
| 1.63%, 08/15/29 | &nbsp;&nbsp; 54000 | 50890782 |
| 1.63%, 05/15/31 | &nbsp;&nbsp; 390910 | 355270004 |
| 1.75%, 01/31/29 | &nbsp;&nbsp; 214451 | 204716936 |
| 1.75%, 11/15/29 | &nbsp;&nbsp; 125000 | 117773438 |
| 1.88%, 02/28/29 | &nbsp;&nbsp; 259200 | 248042251 |
| 1.88%, 02/15/32 | &nbsp;&nbsp; 447773 | 405724317 |
| 2.25%, 08/15/27 | &nbsp;&nbsp; 146750 | 144279326 |
| 2.25%, 11/15/27 | &nbsp;&nbsp; 153750 | 150795117 |
| 2.38%, 05/15/27 | &nbsp;&nbsp; 210870 | 208094095 |
| 2.38%, 03/31/29 | &nbsp;&nbsp; 244200 | 236912156 |
| 2.38%, 05/15/29 | &nbsp;&nbsp; 191600 | 185642437 |
| 2.50%, 03/31/27<sup>(c)</sup> | &nbsp;&nbsp; 125200 | 123874640 |
| 2.63%, 05/31/27 | &nbsp;&nbsp; 197927 | 195847221 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 211491 | 206930725 |
| 2.63%, 07/31/29 | &nbsp;&nbsp; 278779 | 271678847 |
| 2.75%, 04/30/27 | &nbsp;&nbsp; 203035 | 201329823 |
| 2.75%, 07/31/27 | &nbsp;&nbsp; 209364 | 207352144 |
| 2.75%, 02/15/28 | &nbsp;&nbsp; 222702 | 220048715 |
| 2.75%, 05/31/29 | &nbsp;&nbsp; 285900 | 280114994 |
| 2.75%, 08/15/32 | &nbsp;&nbsp; 407350 | 385614061 |
| 2.88%, 05/15/28 | &nbsp;&nbsp; 252994 | 250226878 |
| 2.88%, 08/15/28 | &nbsp;&nbsp; 219930 | 217301150 |
| 2.88%, 04/30/29 | &nbsp;&nbsp; 201320 | 198127192 |
| 2.88%, 05/15/32 | &nbsp;&nbsp; 489500 | 468199104 |
| 3.13%, 08/31/27 | &nbsp;&nbsp; 239200 | 238106782 |
| 3.13%, 11/15/28 | &nbsp;&nbsp; 207515 | 206104548 |
| 3.13%, 08/31/29 | &nbsp;&nbsp; 208900 | 206794681 |
| 3.25%, 06/30/27 | &nbsp;&nbsp; 293918 | 293114319 |
| 3.25%, 06/30/29 | &nbsp;&nbsp; 316525 | 314868191 |
| 3.38%, 09/15/27 | &nbsp;&nbsp; 326860 | 326566336 |
| 3.38%, 11/30/27 | &nbsp;&nbsp; 655013 | 654629202 |
| 3.38%, 12/31/27 | &nbsp;&nbsp; 405763 | 405572799 |
| 3.38%, 02/29/28 | &nbsp;&nbsp; 364340 | 364254610 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 3.38%, 09/15/28 | &nbsp;&nbsp; $290084 | $289993349 |
| 3.38%, 05/15/33 | &nbsp;&nbsp; 485819 | 474508526 |
| 3.50%, 09/30/27 | &nbsp;&nbsp; 281726 | 282034138 |
| 3.50%, 10/31/27 | &nbsp;&nbsp; 77878 | 77969264 |
| 3.50%, 01/31/28 | &nbsp;&nbsp; 405638 | 406430264 |
| 3.50%, 04/30/28 | &nbsp;&nbsp; 184772 | 185176189 |
| 3.50%, 10/15/28 | &nbsp;&nbsp; 201998 | 202550339 |
| 3.50%, 11/15/28 | &nbsp;&nbsp; 206274 | 206870262 |
| 3.50%, 12/15/28 | &nbsp;&nbsp; 214147 | 214782749 |
| 3.50%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp; 193008 | 193596072 |
| 3.50%, 02/15/29 | &nbsp;&nbsp; 54268 | 54441827 |
| 3.50%, 09/30/29 | &nbsp;&nbsp; 271844 | 272417422 |
| 3.50%, 01/31/30 | &nbsp;&nbsp; 278767 | 279202573 |
| 3.50%, 04/30/30 | &nbsp;&nbsp; 202861 | 203035335 |
| 3.50%, 11/30/30 | &nbsp;&nbsp; 399355 | 399167802 |
| 3.50%, 02/15/33 | &nbsp;&nbsp; 501612 | 494714835 |
| 3.63%, 08/31/27 | &nbsp;&nbsp; 227212 | 227815532 |
| 3.63%, 03/31/28 | &nbsp;&nbsp; 196026 | 196929558 |
| 3.63%, 05/31/28 | &nbsp;&nbsp; 192612 | 193590109 |
| 3.63%, 08/15/28 | &nbsp;&nbsp; 202578 | 203749154 |
| 3.63%, 08/31/29 | &nbsp;&nbsp; 268674 | 270353212 |
| 3.63%, 03/31/30 | &nbsp;&nbsp; 198200 | 199361329 |
| 3.63%, 08/31/30 | &nbsp;&nbsp; 456298 | 458686437 |
| 3.63%, 09/30/30 | &nbsp;&nbsp; 442432 | 444747857 |
| 3.63%, 10/31/30 | &nbsp;&nbsp; 392535 | 394497675 |
| 3.63%, 12/31/30 | &nbsp;&nbsp; 600747 | 603609938 |
| 3.63%, 09/30/31 | &nbsp;&nbsp; 182477 | 182776377 |
| 3.75%, 04/30/27 | &nbsp;&nbsp; 212293 | 212906661 |
| 3.75%, 06/30/27 | &nbsp;&nbsp; 326913 | 328138924 |
| 3.75%, 08/15/27 | &nbsp;&nbsp; 326609 | 327999639 |
| 3.75%, 04/15/28 | &nbsp;&nbsp; 246207 | 247995849 |
| 3.75%, 05/15/28 | &nbsp;&nbsp; 329879 | 332378866 |
| 3.75%, 12/31/28 | &nbsp;&nbsp; 238623 | 240934660 |
| 3.75%, 05/31/30 | &nbsp;&nbsp; 184698 | 186617129 |
| 3.75%, 06/30/30 | &nbsp;&nbsp; 184750 | 186684102 |
| 3.75%, 12/31/30 | &nbsp;&nbsp; 188697 | 190583970 |
| 3.75%, 01/31/31 | &nbsp;&nbsp; 365956 | 369729921 |
| 3.75%, 08/31/31 | &nbsp;&nbsp; 201394 | 203030326 |
| 3.75%, 10/31/32 | &nbsp;&nbsp; 217276 | 217921038 |
| 3.75%, 11/30/32 | &nbsp;&nbsp; 231228 | 231842199 |
| 3.88%, 03/31/27 | &nbsp;&nbsp; 93854 | 94216951 |
| 3.88%, 05/31/27 | &nbsp;&nbsp; 333077 | 334651308 |
| 3.88%, 07/31/27 | &nbsp;&nbsp; 229155 | 230497706 |
| 3.88%, 10/15/27 | &nbsp;&nbsp; 332999 | 335340399 |
| 3.88%, 11/30/27 | &nbsp;&nbsp; 182727 | 184133141 |
| 3.88%, 12/31/27 | &nbsp;&nbsp; 201257 | 202923660 |
| 3.88%, 03/15/28 | &nbsp;&nbsp; 275882 | 278533055 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 217661 | 220024664 |
| 3.88%, 07/15/28 | &nbsp;&nbsp; 180888 | 182880595 |
| 3.88%, 09/30/29 | &nbsp;&nbsp; 280787 | 284867186 |
| 3.88%, 11/30/29 | &nbsp;&nbsp; 192418 | 195259173 |
| 3.88%, 12/31/29 | &nbsp;&nbsp; 274278 | 278392170 |
| 3.88%, 04/30/30 | &nbsp;&nbsp; 292824 | 297330746 |
| 3.88%, 06/30/30 | &nbsp;&nbsp; 398270 | 404461856 |
| 3.88%, 07/31/30 | &nbsp;&nbsp; 335718 | 340989823 |
| 3.88%, 08/31/32 | &nbsp;&nbsp; 241457 | 244135664 |
| 3.88%, 09/30/32 | &nbsp;&nbsp; 147040 | 148602300 |
| 3.88%, 12/31/32 | &nbsp;&nbsp; 223635 | 225836407 |
| 3.88%, 08/15/33 | &nbsp;&nbsp; 489475 | 492993102 |
| 3.88%, 08/15/34 | &nbsp;&nbsp; 569018 | 569818182 |
| 4.00%, 12/15/27 | &nbsp;&nbsp; 300320 | 303393589 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.00%, 02/29/28 | &nbsp;&nbsp; $232563 | $235252010 |
| 4.00%, 06/30/28 | &nbsp;&nbsp; 200945 | 203723694 |
| 4.00%, 01/31/29 | &nbsp;&nbsp; 231306 | 235173147 |
| 4.00%, 07/31/29 | &nbsp;&nbsp; 288990 | 294340832 |
| 4.00%, 10/31/29 | &nbsp;&nbsp; 278535 | 283822814 |
| 4.00%, 02/28/30 | &nbsp;&nbsp; 559636 | 570741277 |
| 4.00%, 03/31/30 | &nbsp;&nbsp; 304708 | 310825967 |
| 4.00%, 05/31/30 | &nbsp;&nbsp; 409084 | 417425480 |
| 4.00%, 07/31/30 | &nbsp;&nbsp; 181844 | 185608740 |
| 4.00%, 01/31/31 | &nbsp;&nbsp; 187728 | 191687887 |
| 4.00%, 04/30/32 | &nbsp;&nbsp; 160198 | 163276805 |
| 4.00%, 06/30/32 | &nbsp;&nbsp; 150000 | 152824220 |
| 4.00%, 07/31/32 | &nbsp;&nbsp; 230778 | 235051000 |
| 4.00%, 01/31/33 | &nbsp;&nbsp; 183604 | 186759694 |
| 4.00%, 02/15/34 | &nbsp;&nbsp; 576750 | 584319844 |
| 4.00%, 11/15/35 | &nbsp;&nbsp; 593198 | 595329805 |
| 4.13%, 09/30/27 | &nbsp;&nbsp; 267000 | 269836875 |
| 4.13%, 10/31/27 | &nbsp;&nbsp; 169710 | 171612609 |
| 4.13%, 11/15/27<sup>(c)</sup> | &nbsp;&nbsp; 294358 | 297773012 |
| 4.13%, 07/31/28 | &nbsp;&nbsp; 192105 | 195406805 |
| 4.13%, 03/31/29 | &nbsp;&nbsp; 264770 | 270354992 |
| 4.13%, 10/31/29 | &nbsp;&nbsp; 298820 | 305800250 |
| 4.13%, 11/30/29 | &nbsp;&nbsp; 302584 | 309723091 |
| 4.13%, 08/31/30 | &nbsp;&nbsp; 177479 | 182026899 |
| 4.13%, 03/31/31 | &nbsp;&nbsp; 181787 | 186672526 |
| 4.13%, 07/31/31 | &nbsp;&nbsp; 180913 | 185831572 |
| 4.13%, 10/31/31 | &nbsp;&nbsp; 152228 | 156283450 |
| 4.13%, 11/30/31 | &nbsp;&nbsp; 146902 | 150815562 |
| 4.13%, 02/29/32 | &nbsp;&nbsp; 153207 | 157228684 |
| 4.13%, 03/31/32 | &nbsp;&nbsp; 163610 | 167904763 |
| 4.13%, 05/31/32 | &nbsp;&nbsp; 171459 | 175906218 |
| 4.13%, 11/15/32 | &nbsp;&nbsp; 393696 | 403538400 |
| 4.13%, 02/15/36 | &nbsp;&nbsp; 172957 | 175254085 |
| 4.25%, 03/15/27 | &nbsp;&nbsp; 298724 | 300952762 |
| 4.25%, 01/15/28 | &nbsp;&nbsp; 306551 | 311209137 |
| 4.25%, 02/15/28 | &nbsp;&nbsp; 323639 | 328847565 |
| 4.25%, 02/28/29 | &nbsp;&nbsp; 397755 | 407357056 |
| 4.25%, 06/30/29 | &nbsp;&nbsp; 310552 | 318631206 |
| 4.25%, 01/31/30 | &nbsp;&nbsp; 321958 | 331214292 |
| 4.25%, 02/28/31 | &nbsp;&nbsp; 191977 | 198216252 |
| 4.25%, 06/30/31 | &nbsp;&nbsp; 203146 | 209859341 |
| 4.25%, 11/15/34 | &nbsp;&nbsp; 568556 | 584191290 |
| 4.25%, 05/15/35 | &nbsp;&nbsp; 541041 | 554905176 |
| 4.25%, 08/15/35 | &nbsp;&nbsp; 539897 | 553310066 |
| 4.38%, 07/15/27 | &nbsp;&nbsp; 350738 | 355053722 |
| 4.38%, 08/31/28 | &nbsp;&nbsp; 199192 | 203860562 |
| 4.38%, 11/30/28 | &nbsp;&nbsp; 238527 | 244620621 |
| 4.38%, 12/31/29 | &nbsp;&nbsp; 271409 | 280314608 |
| 4.38%, 11/30/30 | &nbsp;&nbsp; 171290 | 177659847 |
| 4.38%, 01/31/32 | &nbsp;&nbsp; 160915 | 167288743 |
| 4.38%, 05/15/34 | &nbsp;&nbsp; 574618 | 596615095 |
| 4.50%, 04/15/27 | &nbsp;&nbsp; 299493 | 302745308 |
| 4.50%, 05/15/27 | &nbsp;&nbsp; 299889 | 303403324 |
| 4.50%, 05/31/29 | &nbsp;&nbsp; 268734 | 277635814 |
| 4.50%, 12/31/31 | &nbsp;&nbsp; 300927 | 314844874 |
| 4.50%, 11/15/33 | &nbsp;&nbsp; 546868 | 572844230 |
| 4.63%, 06/15/27 | &nbsp;&nbsp; 288111 | 292252596 |
| 4.63%, 09/30/28 | &nbsp;&nbsp; 197522 | 203524818 |
| 4.63%, 04/30/29 | &nbsp;&nbsp; 287750 | 298158458 |
| 4.63%, 09/30/30 | &nbsp;&nbsp; 182484 | 191066451 |
| 4.63%, 04/30/31 | &nbsp;&nbsp; 199727 | 209806972 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.63%, 05/31/31 | &nbsp;&nbsp; $197795 | $207808372 |
| 4.63%, 02/15/35 | &nbsp;&nbsp; 567826 | 599056430 |
| 4.88%, 10/31/28 | &nbsp;&nbsp; 203733 | 211357072 |
| 4.88%, 10/31/30 | &nbsp;&nbsp; 178613 | 189022789 |
|  |  | 64360379885 |
| **Total U.S. Government & Agency Obligations — 69.9%** <br>**(Cost: $102,231,371,931)** | **Total U.S. Government & Agency Obligations — 69.9%** <br>**(Cost: $102,231,371,931)** | 98945374291 |
| **Total Long-Term Investments — 98.6%** <br>**(Cost: $144,137,196,811)** | **Total Long-Term Investments — 98.6%** <br>**(Cost: $144,137,196,811)** | 139468923155 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 3.8%** | **Money Market Funds — 3.8%** | **Money Market Funds — 3.8%** |
| BlackRock Cash Funds: Institutional, SL <br> Agency Shares, 3.84%<sup>(j)(k)(l)</sup><br>| &nbsp;&nbsp; 4507603571 | 4509857373 |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(j)(k)(m)</sup><br>| &nbsp;&nbsp; 936371511 | 936371511 |
| **Total Short-Term Securities — 3.8%** <br>**(Cost: $5,444,639,416)** | **Total Short-Term Securities — 3.8%** <br>**(Cost: $5,444,639,416)** | 5446228884 |
| **Total Investments Before TBA Sales Commitments — 102.4%** <br>**(Cost: $149,581,836,227)** | **Total Investments Before TBA Sales Commitments — 102.4%** <br>**(Cost: $149,581,836,227)** | 144915152039 |
|  | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>|  |
| **TBA Sales Commitments**<sup>(i)</sup> | **TBA Sales Commitments**<sup>(i)</sup> | **TBA Sales Commitments**<sup>(i)</sup> |
| **Mortgage-Backed Securities — (0.1)%** | **Mortgage-Backed Securities — (0.1)%** | **Mortgage-Backed Securities — (0.1)%** |
| Government National Mortgage Association |  |  |
| 5.00%, 03/19/56 | &nbsp;&nbsp; (36200)<br>| (36322819)<br>|
| 5.50%, 03/19/56 | &nbsp;&nbsp; (5300)<br>| (5367636)<br>|
| Uniform Mortgage-Backed Securities |  |  |
| 5.00%, 03/15/56 | &nbsp;&nbsp; (39975)<br>| (40154305)<br>|
| 5.50%, 03/12/56 | &nbsp;&nbsp; (29750)<br>| (30226976)<br>|
| 6.50%, 03/15/55 | &nbsp;&nbsp; (7100)<br>| (7374120)<br>|
| **Total TBA Sales Commitments — (0.1)%** <br>**(Proceeds: $(119332063))** | **Total TBA Sales Commitments — (0.1)%** <br>**(Proceeds: $(119332063))** | (119445856)<br>|
| **Total Investments, Net of TBA Sales Commitments — 102.3%** <br>**(Cost: $149,462,504,164)** | **Total Investments, Net of TBA Sales Commitments — 102.3%** <br>**(Cost: $149,462,504,164)** | 144795706183 |
| **Liabilities in Excess of Other Assets — (2.3)%** | **Liabilities in Excess of Other Assets — (2.3)%** | (3318464833)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $141477241350 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(c)</sup> All or a portion of this security is on loan.

<sup>(d)</sup> Zero-coupon bond.

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

<sup>(f)</sup> U.S. dollar denominated security issued by foreign domiciled entity.

<sup>(g)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core U.S. Aggregate Bond ETF**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(h)</sup> Perpetual security with no stated maturity date.

<sup>(i)</sup> Represents or includes a TBA transaction.

<sup>(j)</sup> Affiliate of the Fund.

<sup>(k)</sup> Annualized 7-day yield as of period end.

<sup>(l)</sup> All or a portion of this security represents an investment of TBA cash collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(m)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institu-<br> tional, SL Agency Shares<br>| $3816842038<br> $692917525 <br><sup>(a)</sup><br>| $— | $242703 | $(144893)<br>| $4509857373 | 4507603571 | $139864809 | $— |
| BlackRock Cash Funds: Trea-<br> sury, SL Agency Shares<br>| 469507208<br> 466864303 <br><sup>(a)</sup><br>|  |  |  | 936371511 | 936371511 | 3313852 <br><sup>(b)</sup><br>|  |
|  |  |  | $242703 | $(144893) | $5446228884 |  | $143178661 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $502429798 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $502429798 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 1433008372 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1433008372 |
| Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 34743838822 | &nbsp;&nbsp; — | &nbsp;&nbsp; 34743838822 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 3266747315 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3266747315 |
| Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 577524557 | &nbsp;&nbsp; — | &nbsp;&nbsp; 577524557 |
| U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 98945374291 | &nbsp;&nbsp; — | &nbsp;&nbsp; 98945374291 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 5446228884 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5446228884 |
| Liabilities |  |  |  |  |
| Investments  |  |  |  |  |
| TBA Sales Commitments | &nbsp;&nbsp; — | &nbsp;&nbsp; (119445856)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (119445856)<br>|
|  | &nbsp;&nbsp; $5446228884 | &nbsp;&nbsp; $139349477299 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $144795706183 |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** |
| **Mortgage-Backed Securities — 1.2%** | **Mortgage-Backed Securities — 1.2%** | **Mortgage-Backed Securities — 1.2%** |
| Benchmark Mortgage Trust, 5.18%, 10/15/58 | &nbsp;&nbsp; $300 | $312543 |
| **Total Collateralized Mortgage Obligations — 1.2%** <br>**(Cost: $309,119)** | **Total Collateralized Mortgage Obligations — 1.2%** <br>**(Cost: $309,119)** | 312543 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Aerospace & Defense — 0.5%** | **Aerospace & Defense — 0.5%** | **Aerospace & Defense — 0.5%** |
| Boeing Co.(The) |  |  |
| 5.81%, 05/01/50 | &nbsp;&nbsp; 20 | 20060 |
| 6.30%, 05/01/29 | &nbsp;&nbsp; 5 | 5328 |
| L3Harris Technologies, Inc. |  |  |
| 4.40%, 06/15/28 | &nbsp;&nbsp; 10 | 10096 |
| 5.40%, 07/31/33 | &nbsp;&nbsp; 5 | 5266 |
| Lockheed Martin Corp. |  |  |
| 3.90%, 06/15/32 | &nbsp;&nbsp; 25 | 24824 |
| 4.09%, 09/15/52 | &nbsp;&nbsp; 5 | 4056 |
| Northrop Grumman Corp. |  |  |
| 3.25%, 01/15/28 | &nbsp;&nbsp; 10 | 9901 |
| 4.03%, 10/15/47 | &nbsp;&nbsp; 5 | 4108 |
| RTX Corp. |  |  |
| 4.13%, 11/16/28 | &nbsp;&nbsp; 5 | 5030 |
| 4.63%, 11/16/48 | &nbsp;&nbsp; 5 | 4455 |
| 6.10%, 03/15/34 | &nbsp;&nbsp; 20 | 22103 |
| TransDigm, Inc., 6.63%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15534 |
|  |  | 130761 |
| **Agriculture — 0.3%** | **Agriculture — 0.3%** | **Agriculture — 0.3%** |
| Altria Group, Inc. |  |  |
| 3.40%, 02/04/41 | &nbsp;&nbsp; 10 | 7836 |
| 4.25%, 08/09/42 | &nbsp;&nbsp; 10 | 8473 |
| BAT Capital Corp. |  |  |
| 2.26%, 03/25/28 | &nbsp;&nbsp; 5 | 4836 |
| 5.83%, 02/20/31 | &nbsp;&nbsp; 10 | 10690 |
| 7.08%, 08/02/43 | &nbsp;&nbsp; 10 | 11373 |
| Bunge Ltd. Finance Corp., 3.20%, 04/21/31 | &nbsp;&nbsp; 10 | 9515 |
| Philip Morris International, Inc. |  |  |
| 4.25%, 11/10/44 | &nbsp;&nbsp; 20 | 17275 |
| 4.88%, 02/15/28 | &nbsp;&nbsp; 5 | 5096 |
|  |  | 75094 |
| **Airlines — 0.2%** | **Airlines — 0.2%** | **Airlines — 0.2%** |
| Air Canada Pass Through Trust, Series 2015-1, Class A, <br> 3.60%, 09/15/28<sup>(a)</sup><br>| &nbsp;&nbsp; 5 | 5209 |
| American Airlines Pass-Through Trust, Series 2015-2, <br> Class AA, 3.60%, 03/22/29<br>| &nbsp;&nbsp; 6 | 5447 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., <br> 5.75%, 04/20/29<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 15176 |
| United Airlines Pass-Through Trust, Series 2016-2, <br> Class AA, 2.88%, 04/07/30<br>| &nbsp;&nbsp; 15 | 14590 |
|  |  | 40422 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| Beach Acquisition Bidco LLC, 10.00%, 07/15/33, (10.00 <br> % Cash / 10.75 % PIK)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 16 | 17471 |
| NIKE, Inc., 3.25%, 03/27/40 | &nbsp;&nbsp; 20 | 16472 |
|  |  | 33943 |
| **Auto Manufacturers — 0.8%** | **Auto Manufacturers — 0.8%** | **Auto Manufacturers — 0.8%** |
| Allison Transmission, Inc., 3.75%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14253 |
| American Honda Finance Corp. |  |  |
| 4.90%, 01/10/34 | &nbsp;&nbsp; 10 | 10155 |
| 5.13%, 07/07/28 | &nbsp;&nbsp; 5 | 5132 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| BMW U.S. Capital LLC |  |  |
| 4.15%, 04/09/30<sup>(a)</sup> | &nbsp;&nbsp; $5 | $4999 |
| 5.15%, 08/11/33<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10352 |
| Ford Motor Co. |  |  |
| 4.75%, 01/15/43 | &nbsp;&nbsp; 10 | 8043 |
| 6.63%, 10/01/28 | &nbsp;&nbsp; 15 | 15857 |
| 9.63%, 04/22/30 | &nbsp;&nbsp; 15 | 17525 |
| General Motors Co., 6.60%, 04/01/36 | &nbsp;&nbsp; 10 | 10972 |
| General Motors Financial Co., Inc. |  |  |
| 3.60%, 06/21/30 | &nbsp;&nbsp; 10 | 9716 |
| 5.80%, 01/07/29 | &nbsp;&nbsp; 10 | 10444 |
| 6.00%, 01/09/28 | &nbsp;&nbsp; 5 | 5162 |
| Honda Motor Co. Ltd., 4.69%, 07/08/30 | &nbsp;&nbsp; 5 | 5097 |
| Hyundai Capital America |  |  |
| 4.88%, 11/01/27<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5067 |
| 5.00%, 01/07/28<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10168 |
| 5.68%, 06/26/28<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10335 |
| Nissan Motor Acceptance Co. LLC, 5.63%, 09/29/28<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15097 |
| PACCAR Financial Corp., 5.00%, 03/22/34 | &nbsp;&nbsp; 10 | 10381 |
| Toyota Motor Credit Corp. |  |  |
| 4.35%, 10/08/27 | &nbsp;&nbsp; 5 | 5051 |
| 5.05%, 05/16/29 | &nbsp;&nbsp; 10 | 10363 |
| 5.35%, 01/09/35 | &nbsp;&nbsp; 10 | 10585 |
|  |  | 204754 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| BorgWarner, Inc., 4.38%, 03/15/45 | &nbsp;&nbsp; 10 | 8518 |
| Lear Corp., 2.60%, 01/15/32 | &nbsp;&nbsp; 10 | 9079 |
|  |  | 17597 |
| **Banks — 4.8%** | **Banks — 4.8%** | **Banks — 4.8%** |
| Banco Santander SA, 6.61%, 11/07/28 | &nbsp;&nbsp; 50 | 53235 |
| Bank of America Corp. |  |  |
| 2.50%, 02/13/31, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 9388 |
| 3.31%, 04/22/42, (1-day SOFR + 1.58%)<sup>(c)</sup> | &nbsp;&nbsp; 25 | 19872 |
| 3.42%, 12/20/28, (3-mo. CME Term SOFR + <br> 1.30%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 9898 |
| 4.08%, 03/20/51, (3-mo. CME Term SOFR + <br> 3.41%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 8107 |
| 4.24%, 04/24/38, (3-mo. CME Term SOFR + <br> 2.08%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 9364 |
| 4.44%, 01/20/48, (3-mo. CME Term SOFR + <br> 2.25%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 8767 |
| 5.02%, 07/22/33, (1-day SOFR + 2.16%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10281 |
| 5.47%, 01/23/35, (1-day SOFR + 1.65%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5240 |
| 5.51%, 01/24/36, (1-day SOFR + 1.31%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5241 |
| 6.20%, 11/10/28, (1-day SOFR + 1.99%)<sup>(c)</sup> | &nbsp;&nbsp; 15 | 15535 |
| Bank of Montreal |  |  |
| 4.06%, 09/22/28, (1-day SOFR Index + 0.75%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5012 |
| 4.64%, 09/10/30, (1-day SOFR + 1.25%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10180 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 10 | 10590 |
| Bank of New York Mellon Corp.(The) |  |  |
| 5.80%, 10/25/28, (1-day SOFR Index + 1.80%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5155 |
| 5.83%, 10/25/33, (1-day SOFR Index + 2.07%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10825 |
| Bank of Nova Scotia(The) |  |  |
| 4.67%, 09/08/28, (1-day SOFR + 1.00%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10048 |
| 4.74%, 11/10/32, (1-day SOFR + 1.44%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10170 |
| Barclays PLC, 4.48%, 11/11/29, (1-day SOFR + <br> 1.08%)<sup>(c)</sup><br>| &nbsp;&nbsp; 50 | 50380 |
| Blackstone Reg Finance Co. LLC, 4.95%, 02/15/36 | &nbsp;&nbsp; 10 | 9899 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Canadian Imperial Bank of Commerce |  |  |
| 3.60%, 04/07/32 | &nbsp;&nbsp; $10 | $9623 |
| 4.24%, 09/08/28, (1-day SOFR Index + 0.60%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5024 |
| 4.72%, 03/30/29, (1-day SOFR + 1.03%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10061 |
| Citigroup, Inc. |  |  |
| 4.41%, 03/31/31, (1-day SOFR + 3.91%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10049 |
| 4.64%, 05/07/28, (1-day SOFR + 1.14%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10070 |
| 5.61%, 03/04/56, (1-day SOFR + 1.75%)<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25107 |
| 6.02%, 01/24/36, (1-day SOFR + 1.83%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5247 |
| 6.68%, 09/13/43 | &nbsp;&nbsp; 10 | 11281 |
| Commonwealth Bank of Australia, 3.90%, 07/12/47<sup>(a)</sup> | &nbsp;&nbsp; 15 | 12552 |
| Cooperatieve Rabobank UA, 5.25%, 05/24/41 | &nbsp;&nbsp; 15 | 15188 |
| Deutsche Bank AG/New York NY, 4.95%, 08/04/31, <br> (1-day SOFR + 1.30%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 10184 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 3.10%, 02/24/33, (1-day SOFR + 1.41%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 4636 |
| 4.22%, 05/01/29, (3-mo. CME Term SOFR + <br> 1.56%)<sup>(c)</sup><br>| &nbsp;&nbsp; 5 | 5012 |
| 4.94%, 04/23/28, (1-day SOFR + 1.32%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10096 |
| 4.94%, 10/21/36, (1-day SOFR + 1.33%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 4978 |
| 5.22%, 04/23/31, (1-day SOFR + 1.58%)<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25884 |
| 5.73%, 04/25/30, (1-day SOFR + 1.27%)<sup>(c)</sup> | &nbsp;&nbsp; 20 | 20893 |
| 5.73%, 01/28/56, (1-day SOFR + 1.70%)<sup>(c)</sup> | &nbsp;&nbsp; 20 | 20282 |
| HSBC Holdings PLC |  |  |
| 5.13%, 11/06/36, (1-day SOFR + 1.43%)<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25251 |
| 6.33%, 03/09/44, (1-day SOFR + 2.65%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 11066 |
| JPMorgan Chase & Co. |  |  |
| 2.74%, 10/15/30, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 9560 |
| 3.16%, 04/22/42, (3-mo. CME Term SOFR + <br> 1.46%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 7815 |
| 3.33%, 04/22/52, (1-day SOFR + 1.58%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 7146 |
| 4.45%, 12/05/29, (3-mo. CME Term SOFR + <br> 1.59%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 10104 |
| 4.51%, 10/22/28, (1-day SOFR + 0.86%)<sup>(c)</sup> | &nbsp;&nbsp; 20 | 20172 |
| 4.91%, 07/25/33, (1-day SOFR + 2.08%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10256 |
| 5.14%, 01/24/31, (1-day SOFR + 1.01%)<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25939 |
| 5.29%, 07/22/35, (1-day SOFR + 1.46%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5187 |
| 5.35%, 06/01/34, (1-day SOFR + 1.85%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10465 |
| 5.53%, 11/29/45, (1-day SOFR + 1.55%)<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25528 |
| 5.58%, 07/23/36, (1-day SOFR + 1.64%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10393 |
| Kreditanstalt fuer Wiederaufbau, 3.75%, 07/15/30 | &nbsp;&nbsp; 25 | 25243 |
| Landwirtschaftliche Rentenbank, 1.00%, 02/25/28<sup>(d)</sup> | &nbsp;&nbsp; 15 | 14306 |
| Lloyds Banking Group PLC, 5.68%, 01/05/35, (1-year <br> CMT + 1.75%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 10583 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 4.29%, 07/26/38 | &nbsp;&nbsp; 10 | 9595 |
| 4.53%, 09/12/31, (1-year CMT + 0.80%)<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25306 |
| Mizuho Financial Group, Inc., 4.71%, 07/08/31, (1-year <br> CMT + 0.92%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 10198 |
| Morgan Stanley |  |  |
| 3.22%, 04/22/42, (1-day SOFR + 1.49%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 7882 |
| 3.95%, 04/23/27 | &nbsp;&nbsp; 10 | 9996 |
| 4.46%, 04/22/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 9472 |
| 4.65%, 10/18/30, (1-day SOFR + 1.10%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10161 |
| 5.32%, 07/19/35, (1-day SOFR + 1.56%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5173 |
| 5.52%, 11/19/55, (1-day SOFR + 1.71%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 9979 |
| 5.59%, 01/18/36, (1-day SOFR + 1.42%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5255 |
| 6.30%, 10/18/28, (1-day SOFR + 2.24%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10361 |
| Series I, 4.13%, 10/18/29, (1-day SOFR + 0.91%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10014 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Series I, 4.36%, 10/22/31, (1-day SOFR + 1.07%)<sup>(c)</sup> | &nbsp;&nbsp; $25 | $25031 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.55%, 01/22/30 | &nbsp;&nbsp; 10 | 9480 |
| 5.35%, 12/02/28, (1-day SOFR + 1.62%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5126 |
| 5.49%, 05/14/30, (1-day SOFR + 1.20%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10441 |
| 5.58%, 06/12/29, (1-day SOFR + 1.84%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10355 |
| 6.04%, 10/28/33, (1-day SOFR Index + 2.14%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10855 |
| Royal Bank of Canada |  |  |
| 4.52%, 10/18/28, (1-day SOFR Index + 0.86%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10100 |
| 4.65%, 10/18/30, (1-day SOFR Index + 1.08%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10191 |
| 5.00%, 02/01/33 | &nbsp;&nbsp; 10 | 10370 |
| 5.15%, 02/04/31, (1-day SOFR + 1.03%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10367 |
| Societe Generale SA, 5.44%, 10/03/36, (1-day SOFR + <br> 1.73%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 10 | 10131 |
| State Street Corp., 3.03%, 11/01/34, (1-day SOFR + <br> 1.49%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 9551 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 2.13%, 07/08/30 | &nbsp;&nbsp; 5 | 4601 |
| 5.80%, 07/08/46, (1-day SOFR + 1.78%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10233 |
| Toronto-Dominion Bank(The) |  |  |
| 4.46%, 06/08/32 | &nbsp;&nbsp; 10 | 10075 |
| 4.69%, 09/15/27 | &nbsp;&nbsp; 5 | 5065 |
| 4.99%, 04/05/29 | &nbsp;&nbsp; 10 | 10295 |
| 5.52%, 07/17/28 | &nbsp;&nbsp; 5 | 5180 |
| Truist Financial Corp. |  |  |
| 1.13%, 08/03/27 | &nbsp;&nbsp; 5 | 4817 |
| 5.07%, 05/20/31, (1-day SOFR + 1.31%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5156 |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10588 |
| 7.16%, 10/30/29, (1-day SOFR + 2.45%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10758 |
| U.S. Bancorp |  |  |
| 4.55%, 07/22/28, (1-day SOFR + 1.66%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10083 |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10144 |
| 5.08%, 05/15/31, (1-day SOFR + 1.30%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5170 |
| 5.78%, 06/12/29, (1-day SOFR + 2.02%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10391 |
| UBS Group AG, 5.01%, 03/23/37, (1-day SOFR + <br> 1.34%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 10 | 9952 |
| Wells Fargo & Co. |  |  |
| 2.88%, 10/30/30, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 9567 |
| 4.30%, 07/22/27 | &nbsp;&nbsp; 15 | 15055 |
| 5.01%, 04/04/51, (3-mo. CME Term SOFR + <br> 4.50%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 9143 |
| 5.24%, 01/24/31, (1-day SOFR + 1.11%)<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25948 |
| 5.39%, 04/24/34, (1-day SOFR + 2.02%)<sup>(c)</sup> | &nbsp;&nbsp; 20 | 20832 |
| 5.57%, 07/25/29, (1-day SOFR + 1.74%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10349 |
| 5.61%, 04/23/36, (1-day SOFR + 1.74%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5261 |
| 5.61%, 01/15/44 | &nbsp;&nbsp; 10 | 9949 |
| Westpac Banking Corp., 2.96%, 11/16/40 | &nbsp;&nbsp; 20 | 15574 |
|  |  | 1221944 |
| **Beverages — 0.3%** | **Beverages — 0.3%** | **Beverages — 0.3%** |
| Anheuser-Busch Companies LLC/Anheuser-Busch <br> InBev Worldwide, Inc.<br>|  |  |
| 4.70%, 02/01/36 | &nbsp;&nbsp; 5 | 5010 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 20 | 18807 |
| Anheuser-Busch InBev Worldwide, Inc., 5.55%, <br> 01/23/49<br>| &nbsp;&nbsp; 5 | 5031 |
| Coca-Cola Co. (The), 1.00%, 03/15/28 | &nbsp;&nbsp; 5 | 4755 |
| Constellation Brands, Inc., 4.75%, 05/09/32 | &nbsp;&nbsp; 10 | 10169 |
| Keurig Dr Pepper, Inc., 4.60%, 05/15/30 | &nbsp;&nbsp; 10 | 10098 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| PepsiCo, Inc. |  |  |
| 4.00%, 03/05/42 | &nbsp;&nbsp; $10 | $8782 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 5 | 5079 |
|  |  | 67731 |
| **Biotechnology — 0.2%** | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| Amgen, Inc. |  |  |
| 5.15%, 03/02/28 | &nbsp;&nbsp; 5 | 5120 |
| 5.25%, 03/02/30 | &nbsp;&nbsp; 10 | 10435 |
| 5.60%, 03/02/43 | &nbsp;&nbsp; 10 | 10226 |
| 5.65%, 03/02/53 | &nbsp;&nbsp; 10 | 9980 |
| Gilead Sciences, Inc. |  |  |
| 1.20%, 10/01/27 | &nbsp;&nbsp; 5 | 4809 |
| 5.10%, 06/15/35 | &nbsp;&nbsp; 10 | 10347 |
|  |  | 50917 |
| **Building Materials — 0.2%** | **Building Materials — 0.2%** | **Building Materials — 0.2%** |
| Carrier Global Corp., 2.72%, 02/15/30 | &nbsp;&nbsp; 10 | 9502 |
| Martin Marietta Materials, Inc., 3.20%, 07/15/51 | &nbsp;&nbsp; 10 | 6789 |
| Owens Corning, 3.88%, 06/01/30 | &nbsp;&nbsp; 10 | 9893 |
| Quikrete Holdings, Inc., 6.38%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15592 |
| Smyrna Ready Mix Concrete LLC, 8.88%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15930 |
|  |  | 57706 |
| **Chemicals — 0.4%** | **Chemicals — 0.4%** | **Chemicals — 0.4%** |
| Air Products and Chemicals, Inc. |  |  |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 5 | 5115 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 5 | 5130 |
| Celanese U.S. Holdings LLC, 7.05%, 11/15/30 | &nbsp;&nbsp; 15 | 16016 |
| Chemours Co. (The), 5.75%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15103 |
| Dow Chemical Co. (The), 4.38%, 11/15/42 | &nbsp;&nbsp; 10 | 7908 |
| LYB International Finance III LLC, 5.88%, 01/15/36 | &nbsp;&nbsp; 10 | 10103 |
| Nutrien Ltd. |  |  |
| 2.95%, 05/13/30 | &nbsp;&nbsp; 10 | 9535 |
| 4.20%, 04/01/29 | &nbsp;&nbsp; 5 | 5019 |
| Sherwin-Williams Co.(The) |  |  |
| 2.95%, 08/15/29 | &nbsp;&nbsp; 5 | 4831 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 5 | 4322 |
| Westlake Corp., 3.38%, 06/15/30 | &nbsp;&nbsp; 10 | 9669 |
|  |  | 92751 |
| **Commercial Services — 0.6%** | **Commercial Services — 0.6%** | **Commercial Services — 0.6%** |
| Adani Ports & Special Economic Zone Ltd., 5.00%, <br> 08/02/41<sup>(d)</sup><br>| &nbsp;&nbsp; 20 | 17727 |
| ADT Security Corp. (The), 5.88%, 10/15/33<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15235 |
| Allied Universal Holdco LLC/Allied Universal Finance <br> Corp., 6.88%, 06/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 15619 |
| Cintas Corp. No. 2, 4.00%, 05/01/32 | &nbsp;&nbsp; 10 | 9901 |
| Global Payments, Inc., 2.90%, 11/15/31 | &nbsp;&nbsp; 10 | 9007 |
| Leland Stanford Junior University (The), Series 2025, <br> 4.15%, 08/01/30<br>| &nbsp;&nbsp; 15 | 15209 |
| PayPal Holdings, Inc., 2.30%, 06/01/30 | &nbsp;&nbsp; 10 | 9343 |
| Quanta Services, Inc., 4.30%, 08/09/28 | &nbsp;&nbsp; 10 | 10079 |
| S&P Global, Inc., 4.25%, 05/01/29 | &nbsp;&nbsp; 20 | 20173 |
| United Rentals North America, Inc., 4.00%, 07/15/30 | &nbsp;&nbsp; 15 | 14597 |
| Verisk Analytics, Inc., 4.45%, 03/15/31 | &nbsp;&nbsp; 15 | 15057 |
|  |  | 151947 |
| **Computers — 0.3%** | **Computers — 0.3%** | **Computers — 0.3%** |
| Apple, Inc. |  |  |
| 3.35%, 08/08/32 | &nbsp;&nbsp; 20 | 19382 |
| 3.85%, 05/04/43 | &nbsp;&nbsp; 10 | 8573 |
| Booz Allen Hamilton, Inc., 3.88%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9845 |
| Dell International LLC/EMC Corp. |  |  |
| 5.30%, 04/01/32 | &nbsp;&nbsp; 10 | 10382 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 6.20%, 07/15/30 | &nbsp;&nbsp; $10 | $10735 |
| Hewlett Packard Enterprise Co., 4.85%, 10/15/31 | &nbsp;&nbsp; 10 | 10143 |
| International Business Machines Corp. |  |  |
| 3.50%, 05/15/29 | &nbsp;&nbsp; 5 | 4927 |
| 5.60%, 11/30/39 | &nbsp;&nbsp; 10 | 10397 |
|  |  | 84384 |
| **Cosmetics & Personal Care — 0.1%** | **Cosmetics & Personal Care — 0.1%** | **Cosmetics & Personal Care — 0.1%** |
| Estee Lauder Companies, Inc. (The), 2.38%, 12/01/29 | &nbsp;&nbsp; 10 | 9433 |
| Kenvue, Inc., 4.90%, 03/22/33 | &nbsp;&nbsp; 10 | 10321 |
|  |  | 19754 |
| **Diversified Financial Services — 1.4%** | **Diversified Financial Services — 1.4%** | **Diversified Financial Services — 1.4%** |
| Air Lease Corp., 2.10%, 09/01/28 | &nbsp;&nbsp; 10 | 9496 |
| Aircastle Ltd., 5.95%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10462 |
| American Express Co. |  |  |
| 2.55%, 03/04/27 | &nbsp;&nbsp; 10 | 9887 |
| 3.30%, 05/03/27 | &nbsp;&nbsp; 10 | 9947 |
| 4.05%, 12/03/42 | &nbsp;&nbsp; 10 | 8726 |
| 4.73%, 04/25/29, (1-day SOFR + 1.26%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10162 |
| 4.80%, 10/24/36, (1-day SOFR + 1.24%)<sup>(c)</sup> | &nbsp;&nbsp; 5 | 4953 |
| 4.92%, 07/20/33, (1-day SOFR + 1.22%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10226 |
| Ameriprise Financial, Inc., 5.70%, 12/15/28 | &nbsp;&nbsp; 10 | 10462 |
| Avolon Holdings Funding Ltd., 5.75%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10400 |
| Blackstone Holdings Finance Co. LLC, 1.63%, <br> 08/05/28<sup>(a)</sup><br>| &nbsp;&nbsp; 10 | 9442 |
| Brookfield Finance, Inc., 4.35%, 04/15/30 | &nbsp;&nbsp; 20 | 20015 |
| Capital One Financial Corp., 3.80%, 01/31/28 | &nbsp;&nbsp; 25 | 24920 |
| Charles Schwab Corp.(The) |  |  |
| 3.20%, 01/25/28 | &nbsp;&nbsp; 10 | 9914 |
| 5.85%, 05/19/34, (1-day SOFR + 2.50%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10737 |
| CI Financial Corp., 3.20%, 12/17/30 | &nbsp;&nbsp; 10 | 9155 |
| Equitable America Global Funding, 4.95%, 06/09/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10222 |
| Freedom Mortgage Holdings LLC, 7.88%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14788 |
| Intercontinental Exchange, Inc. |  |  |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 10 | 9245 |
| 4.60%, 03/15/33 | &nbsp;&nbsp; 10 | 10142 |
| Jefferies Financial Group, Inc., 5.88%, 07/21/28 | &nbsp;&nbsp; 20 | 20676 |
| LPL Holdings, Inc., 5.75%, 06/15/35 | &nbsp;&nbsp; 5 | 5106 |
| Mastercard, Inc., 4.85%, 03/09/33 | &nbsp;&nbsp; 10 | 10338 |
| Nasdaq, Inc., 5.95%, 08/15/53 | &nbsp;&nbsp; 5 | 5183 |
| Nomura Holdings, Inc., 5.78%, 07/03/34 | &nbsp;&nbsp; 10 | 10626 |
| OneMain Finance Corp., 6.63%, 05/15/29 | &nbsp;&nbsp; 15 | 15337 |
| Raymond James Financial, Inc., 4.65%, 04/01/30 | &nbsp;&nbsp; 10 | 10229 |
| Rocket Companies, Inc., 6.13%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15380 |
| Visa, Inc., 4.30%, 12/14/45 | &nbsp;&nbsp; 20 | 17609 |
| Voya Financial, Inc., 5.70%, 07/15/43 | &nbsp;&nbsp; 10 | 9787 |
|  |  | 343572 |
| **Electric — 2.3%** | **Electric — 2.3%** | **Electric — 2.3%** |
| AEP Transmission Co. LLC, 5.15%, 04/01/34 | &nbsp;&nbsp; 10 | 10332 |
| Alliant Energy Corp., 5.75%, 04/01/56, (5-year CMT + <br> 2.08%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 9945 |
| Ameren Corp., 3.50%, 01/15/31 | &nbsp;&nbsp; 10 | 9690 |
| American Electric Power Co., Inc. |  |  |
| 5.63%, 03/01/33 | &nbsp;&nbsp; 5 | 5301 |
| 7.05%, 12/15/54, (5-year CMT + 2.75%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10554 |
| Berkshire Hathaway Energy Co., 6.13%, 04/01/36 | &nbsp;&nbsp; 10 | 10966 |
| CenterPoint Energy, Inc., Series A, 7.00%, 02/15/55, <br> (5-year CMT + 3.25%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 10516 |
| Commonwealth Edison Co., 4.00%, 03/01/49 | &nbsp;&nbsp; 20 | 16066 |
| Consolidated Edison Co. of New York, Inc., 4.63%, <br> 12/01/54<br>| &nbsp;&nbsp; 20 | 17154 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Constellation Energy Generation LLC, 5.75%, 10/01/41 | &nbsp;&nbsp; $10 | $10344 |
| Consumers Energy Co., 4.65%, 03/01/28 | &nbsp;&nbsp; 10 | 10164 |
| Dominion Energy South Carolina, Inc. |  |  |
| 6.25%, 10/15/53 | &nbsp;&nbsp; 10 | 10887 |
| Series 2025, 5.30%, 01/15/35 | &nbsp;&nbsp; 10 | 10445 |
| Dominion Energy, Inc., 5.38%, 11/15/32 | &nbsp;&nbsp; 5 | 5242 |
| Duke Energy Carolinas LLC |  |  |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 5 | 5183 |
| 6.05%, 04/15/38 | &nbsp;&nbsp; 10 | 10936 |
| Duke Energy Corp. |  |  |
| 3.30%, 06/15/41 | &nbsp;&nbsp; 5 | 3897 |
| 5.45%, 06/15/34 | &nbsp;&nbsp; 10 | 10494 |
| Duke Energy Progress LLC, 5.35%, 03/15/53 | &nbsp;&nbsp; 10 | 9652 |
| Entergy Louisiana LLC, 2.35%, 06/15/32 | &nbsp;&nbsp; 10 | 8948 |
| Entergy Mississippi LLC, 3.50%, 06/01/51 | &nbsp;&nbsp; 20 | 14366 |
| Eversource Energy, 4.45%, 12/15/30 | &nbsp;&nbsp; 10 | 10065 |
| FirstEnergy Transmission LLC, 5.45%, 07/15/44<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9860 |
| Florida Power & Light Co. |  |  |
| 2.45%, 02/03/32 | &nbsp;&nbsp; 5 | 4565 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 20 | 15554 |
| 4.40%, 05/15/28 | &nbsp;&nbsp; 20 | 20258 |
| Georgia Power Co. |  |  |
| 4.30%, 03/15/42 | &nbsp;&nbsp; 5 | 4487 |
| 4.65%, 05/16/28 | &nbsp;&nbsp; 20 | 20328 |
| Indiana Michigan Power Co., 3.85%, 05/15/28 | &nbsp;&nbsp; 10 | 10000 |
| Nevada Power Co. |  |  |
| Series CC, 3.70%, 05/01/29 | &nbsp;&nbsp; 10 | 9927 |
| Series EE, 3.13%, 08/01/50 | &nbsp;&nbsp; 10 | 6715 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 5 | 4637 |
| 4.80%, 12/01/77, (3-mo. SOFR US + 2.67%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 9915 |
| Niagara Mohawk Power Corp., 1.96%, 06/27/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 13750 |
| NRG Energy, Inc., 3.38%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14450 |
| Pacific Gas and Electric Co. |  |  |
| 2.50%, 02/01/31 | &nbsp;&nbsp; 10 | 9143 |
| 4.95%, 07/01/50 | &nbsp;&nbsp; 10 | 8631 |
| Potomac Electric Power Co., 6.50%, 11/15/37 | &nbsp;&nbsp; 10 | 11313 |
| Public Service Co. of Colorado, 4.50%, 06/01/52 | &nbsp;&nbsp; 20 | 16947 |
| Public Service Electric and Gas Co., 5.45%, 03/01/54 | &nbsp;&nbsp; 5 | 4952 |
| Puget Energy, Inc. |  |  |
| 2.38%, 06/15/28 | &nbsp;&nbsp; 10 | 9630 |
| 5.73%, 03/15/35 | &nbsp;&nbsp; 10 | 10341 |
| San Diego Gas & Electric Co., 4.95%, 08/15/28 | &nbsp;&nbsp; 10 | 10262 |
| Sempra |  |  |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 5 | 4945 |
| 3.80%, 02/01/38 | &nbsp;&nbsp; 10 | 8734 |
| 5.50%, 08/01/33 | &nbsp;&nbsp; 10 | 10532 |
| Southern California Edison Co. |  |  |
| 3.65%, 02/01/50 | &nbsp;&nbsp; 10 | 7147 |
| 6.65%, 04/01/29 | &nbsp;&nbsp; 10 | 10587 |
| Southern Co.(The) |  |  |
| 5.70%, 03/15/34 | &nbsp;&nbsp; 5 | 5313 |
| Series 2025, 6.38%, 03/15/55, (5-year CMT + <br> 2.07%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 10470 |
| Southwestern Electric Power Co., 3.25%, 11/01/51 | &nbsp;&nbsp; 10 | 6674 |
| Union Electric Co., 5.20%, 04/01/34 | &nbsp;&nbsp; 10 | 10435 |
| Virginia Electric and Power Co., 4.45%, 02/15/44 | &nbsp;&nbsp; 5 | 4384 |
| Vistra Operations Co. LLC |  |  |
| 5.25%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10032 |
| 6.88%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15769 |
| VoltaGrid LLC, 7.38%, 11/01/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10438 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Xcel Energy, Inc., 4.75%, 03/21/28 | &nbsp;&nbsp; $10 | $10154 |
|  |  | 572426 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| Amphenol Corp., 5.30%, 11/15/55 | &nbsp;&nbsp; 10 | 9677 |
| Honeywell International, Inc. |  |  |
| 1.75%, 09/01/31 | &nbsp;&nbsp; 10 | 8849 |
| 3.81%, 11/21/47 | &nbsp;&nbsp; 10 | 7978 |
|  |  | 26504 |
| **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** |
| MasTec, Inc., 4.50%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9992 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Light & Wonder International, Inc., 6.25%, 10/01/33<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15053 |
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., <br> 7.13%, 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 16205 |
|  |  | 31258 |
| **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
| Republic Services, Inc., 2.30%, 03/01/30 | &nbsp;&nbsp; 10 | 9380 |
| Waste Management, Inc., 4.95%, 03/15/35 | &nbsp;&nbsp; 10 | 10278 |
|  |  | 19658 |
| **Food — 0.6%** | **Food — 0.6%** | **Food — 0.6%** |
| Albertsons Companies, Inc./Safeway, Inc./New <br> Albertsons LP/Albertsons LLC, 3.50%, 03/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 14472 |
| Conagra Brands, Inc., 7.00%, 10/01/28 | &nbsp;&nbsp; 10 | 10695 |
| General Mills, Inc., 5.50%, 10/17/28 | &nbsp;&nbsp; 10 | 10372 |
| J M Smucker Co.(The) |  |  |
| 2.38%, 03/15/30 | &nbsp;&nbsp; 10 | 9366 |
| 6.50%, 11/15/43 | &nbsp;&nbsp; 10 | 10903 |
| Kraft Heinz Foods Co., 5.20%, 07/15/45 | &nbsp;&nbsp; 10 | 9153 |
| Kroger Co. (The), 1.70%, 01/15/31 | &nbsp;&nbsp; 10 | 8902 |
| Mars, Inc. |  |  |
| 4.60%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5075 |
| 4.80%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10277 |
| 5.20%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5179 |
| 5.70%, 05/01/55<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5070 |
| Mondelez International, Inc., 4.75%, 02/20/29 | &nbsp;&nbsp; 10 | 10230 |
| Post Holdings, Inc., 6.25%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15432 |
| Sysco Corp., 5.38%, 09/21/35 | &nbsp;&nbsp; 10 | 10424 |
| Tyson Foods, Inc., 4.88%, 08/15/34 | &nbsp;&nbsp; 10 | 10121 |
|  |  | 145671 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| NiSource, Inc. |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 5 | 4433 |
| 5.40%, 06/30/33 | &nbsp;&nbsp; 10 | 10475 |
| Piedmont Natural Gas Co., Inc., 3.35%, 06/01/50 | &nbsp;&nbsp; 10 | 6954 |
| Southern Co. Gas Capital Corp., 5.75%, 09/15/33 | &nbsp;&nbsp; 10 | 10671 |
|  |  | 32533 |
| **Hand & Machine Tools — 0.1%** | **Hand & Machine Tools — 0.1%** | **Hand & Machine Tools — 0.1%** |
| Stanley Black & Decker, Inc., 6.00%, 03/06/28 | &nbsp;&nbsp; 10 | 10374 |
| **Health Care - Products — 0.4%** | **Health Care - Products — 0.4%** | **Health Care - Products — 0.4%** |
| Abbott Laboratories, 4.75%, 11/30/36 | &nbsp;&nbsp; 10 | 10083 |
| Baxter International, Inc. |  |  |
| 2.27%, 12/01/28 | &nbsp;&nbsp; 5 | 4728 |
| 4.90%, 12/15/30 | &nbsp;&nbsp; 10 | 10058 |
| GE HealthCare Technologies, Inc., 4.80%, 01/15/31 | &nbsp;&nbsp; 10 | 10243 |
| Medline Borrower LP, 3.88%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14753 |
| Solventum Corp., 5.45%, 03/13/31 | &nbsp;&nbsp; 10 | 10484 |
| Stryker Corp., 3.65%, 03/07/28 | &nbsp;&nbsp; 10 | 9968 |
| Thermo Fisher Scientific, Inc., 4.89%, 10/07/37 | &nbsp;&nbsp; 10 | 10081 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| Zimmer Biomet Holdings, Inc., 2.60%, 11/24/31 | &nbsp;&nbsp; $10 | $9133 |
|  |  | 89531 |
| **Health Care - Services — 0.9%** | **Health Care - Services — 0.9%** | **Health Care - Services — 0.9%** |
| Centene Corp., 4.63%, 12/15/29 | &nbsp;&nbsp; 5 | 4878 |
| CHS/Community Health Systems, Inc., 6.88%, <br> 04/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 14476 |
| Cigna Group(The) |  |  |
| 4.38%, 10/15/28 | &nbsp;&nbsp; 5 | 5049 |
| 4.80%, 08/15/38 | &nbsp;&nbsp; 10 | 9683 |
| 5.40%, 03/15/33 | &nbsp;&nbsp; 10 | 10507 |
| CommonSpirit Health |  |  |
| 4.35%, 09/01/30 | &nbsp;&nbsp; 10 | 10043 |
| 4.35%, 11/01/42 | &nbsp;&nbsp; 10 | 8926 |
| DaVita, Inc., 6.88%, 09/01/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15583 |
| Elevance Health, Inc. |  |  |
| 3.65%, 12/01/27 | &nbsp;&nbsp; 10 | 9961 |
| 4.65%, 01/15/43 | &nbsp;&nbsp; 10 | 9032 |
| 5.00%, 01/15/36 | &nbsp;&nbsp; 10 | 10045 |
| 5.70%, 02/15/55 | &nbsp;&nbsp; 5 | 4909 |
| HCA, Inc. |  |  |
| 3.50%, 09/01/30 | &nbsp;&nbsp; 10 | 9687 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 10 | 8671 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 10 | 10007 |
| 4.63%, 03/15/52 | &nbsp;&nbsp; 5 | 4147 |
| 5.25%, 06/15/49 | &nbsp;&nbsp; 5 | 4567 |
| 5.63%, 09/01/28 | &nbsp;&nbsp; 5 | 5156 |
| Humana, Inc. |  |  |
| 5.55%, 05/01/35 | &nbsp;&nbsp; 10 | 10184 |
| 5.75%, 12/01/28 | &nbsp;&nbsp; 5 | 5177 |
| Tenet Healthcare Corp., 4.38%, 01/15/30 | &nbsp;&nbsp; 15 | 14724 |
| UnitedHealth Group, Inc. |  |  |
| 3.25%, 05/15/51 | &nbsp;&nbsp; 20 | 13633 |
| 4.75%, 07/15/45 | &nbsp;&nbsp; 10 | 9043 |
| 5.30%, 06/15/35 | &nbsp;&nbsp; 20 | 20858 |
|  |  | 228946 |
| **Holding Companies - Diversified — 1.0%** | **Holding Companies - Diversified — 1.0%** | **Holding Companies - Diversified — 1.0%** |
| Apollo Debt Solutions BDC, 6.70%, 07/29/31 | &nbsp;&nbsp; 10 | 10332 |
| Ares Capital Corp. |  |  |
| 2.88%, 06/15/27 | &nbsp;&nbsp; 10 | 9801 |
| 3.20%, 11/15/31 | &nbsp;&nbsp; 5 | 4400 |
| Blackstone Private Credit Fund, 4.95%, 09/26/27 | &nbsp;&nbsp; 10 | 9984 |
| Blackstone Secured Lending Fund, 5.35%, 04/13/28 | &nbsp;&nbsp; 10 | 10006 |
| MDGH GMTN RSC Ltd., 5.50%, 04/28/33<sup>(d)</sup> | &nbsp;&nbsp; 200 | 211856 |
|  |  | 256379 |
| **Home Builders — 0.0%** | **Home Builders — 0.0%** | **Home Builders — 0.0%** |
| Sekisui House U.S., Inc., 2.50%, 01/15/31 | &nbsp;&nbsp; 10 | 9011 |
| **Insurance — 1.5%** | **Insurance — 1.5%** | **Insurance — 1.5%** |
| Acrisure LLC/Acrisure Finance, Inc., 6.00%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 13993 |
| Alliant Holdings Intermediate LLC/Alliant Holdings <br> Co-Issuer, 6.50%, 10/01/31<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 15106 |
| American International Group, Inc., Series A-9, 5.75%, <br> 04/01/48<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 10155 |
| Aon Global Ltd., 4.60%, 06/14/44 | &nbsp;&nbsp; 10 | 8784 |
| Aon North America, Inc., 5.45%, 03/01/34 | &nbsp;&nbsp; 10 | 10439 |
| Arthur J Gallagher & Co., 6.50%, 02/15/34 | &nbsp;&nbsp; 10 | 11028 |
| Asurion LLC and Asurion Co-Issuer, Inc., 8.38%, <br> 02/01/34<sup>(a)</sup><br>| &nbsp;&nbsp; 5 | 4970 |
| Athene Global Funding |  |  |
| 2.45%, 08/20/27<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4870 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.03%, 07/17/30<sup>(a)</sup> | &nbsp;&nbsp; $10 | $10094 |
| Brown & Brown, Inc., 4.50%, 03/15/29 | &nbsp;&nbsp; 10 | 10055 |
| Corebridge Financial, Inc., 4.40%, 04/05/52 | &nbsp;&nbsp; 10 | 7948 |
| Corebridge Global Funding |  |  |
| 4.45%, 10/02/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10028 |
| 4.65%, 08/20/27<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5041 |
| Equitable Financial Life Global Funding, 4.88%, <br> 11/19/27<sup>(a)</sup><br>| &nbsp;&nbsp; 10 | 10146 |
| Fairfax Financial Holdings Ltd., 4.85%, 04/17/28 | &nbsp;&nbsp; 10 | 10155 |
| Guardian Life Global Funding, 4.18%, 09/26/29<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10037 |
| HUB International Ltd., 7.38%, 01/31/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15303 |
| Jackson Financial, Inc., 5.67%, 06/08/32 | &nbsp;&nbsp; 10 | 10261 |
| Marsh & McLennan Companies, Inc. |  |  |
| 5.40%, 03/15/55 | &nbsp;&nbsp; 10 | 9606 |
| 5.88%, 08/01/33 | &nbsp;&nbsp; 10 | 10884 |
| MetLife, Inc. |  |  |
| 4.55%, 03/23/30 | &nbsp;&nbsp; 15 | 15322 |
| 5.25%, 01/15/54 | &nbsp;&nbsp; 5 | 4709 |
| 5.30%, 12/15/34 | &nbsp;&nbsp; 10 | 10398 |
| New York Life Global Funding |  |  |
| 4.40%, 04/25/28<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10107 |
| 4.60%, 06/03/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10228 |
| Northwestern Mutual Global Funding, 4.96%, <br> 01/13/30<sup>(a)</sup><br>| &nbsp;&nbsp; 10 | 10296 |
| Pacific Life Global Funding II, 4.88%, 07/17/32<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10273 |
| Pacific LifeCorp, 3.35%, 09/15/50<sup>(a)</sup> | &nbsp;&nbsp; 10 | 6996 |
| Principal Life Global Funding II, 4.60%, 08/19/27<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5047 |
| Progressive Corp. (The), 4.95%, 06/15/33 | &nbsp;&nbsp; 10 | 10307 |
| Protective Life Corp., 3.40%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9693 |
| Prudential Financial, Inc. |  |  |
| 3.70%, 10/01/50, (5-year CMT + 3.04%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 9346 |
| 6.00%, 09/01/52, (5-year CMT + 3.23%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10359 |
| RGA Global Funding, 5.45%, 05/24/29<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25961 |
| Travelers Companies, Inc.(The) |  |  |
| 5.05%, 07/24/35 | &nbsp;&nbsp; 10 | 10264 |
| 5.70%, 07/24/55 | &nbsp;&nbsp; 5 | 5138 |
| Unum Group, 5.75%, 08/15/42 | &nbsp;&nbsp; 10 | 9925 |
|  |  | 373272 |
| **Internet — 0.4%** | **Internet — 0.4%** | **Internet — 0.4%** |
| Alphabet, Inc. |  |  |
| 3.88%, 11/15/28 | &nbsp;&nbsp; 10 | 10071 |
| 5.45%, 11/15/55 | &nbsp;&nbsp; 20 | 19871 |
| Amazon.com, Inc. |  |  |
| 3.90%, 11/20/28 | &nbsp;&nbsp; 10 | 10055 |
| 4.10%, 11/20/30 | &nbsp;&nbsp; 5 | 5036 |
| 4.65%, 11/20/35 | &nbsp;&nbsp; 5 | 5023 |
| 5.45%, 11/20/55 | &nbsp;&nbsp; 10 | 9838 |
| AppLovin Corp., 5.13%, 12/01/29 | &nbsp;&nbsp; 10 | 10213 |
| Meta Platforms, Inc., 5.63%, 11/15/55 | &nbsp;&nbsp; 20 | 19576 |
| Netflix, Inc., 4.90%, 08/15/34 | &nbsp;&nbsp; 10 | 10309 |
| Uber Technologies, Inc., 4.15%, 01/15/31 | &nbsp;&nbsp; 10 | 9962 |
|  |  | 109954 |
| **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** |
| Cleveland-Cliffs, Inc., 7.00%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15244 |
| Nucor Corp., 3.85%, 04/01/52 | &nbsp;&nbsp; 5 | 3873 |
| Steel Dynamics, Inc., 5.25%, 05/15/35 | &nbsp;&nbsp; 5 | 5129 |
|  |  | 24246 |
| **Leisure Time — 0.1%** | **Leisure Time — 0.1%** | **Leisure Time — 0.1%** |
| Carnival Corp., 5.13%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15200 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Leisure Time (continued)** | **Leisure Time (continued)** | **Leisure Time (continued)** |
| Royal Caribbean Cruises Ltd., 5.38%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; $10 | $10076 |
|  |  | 25276 |
| **Lodging — 0.2%** | **Lodging — 0.2%** | **Lodging — 0.2%** |
| Hilton Domestic Operating Co., Inc., 3.75%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14613 |
| Las Vegas Sands Corp., 5.63%, 06/15/28 | &nbsp;&nbsp; 10 | 10242 |
| Marriott International, Inc./MD |  |  |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 10 | 10245 |
| 5.55%, 10/15/28 | &nbsp;&nbsp; 5 | 5191 |
|  |  | 40291 |
| **Machinery — 0.3%** | **Machinery — 0.3%** | **Machinery — 0.3%** |
| Caterpillar Financial Services Corp., 3.95%, 11/14/28 | &nbsp;&nbsp; 10 | 10051 |
| Caterpillar, Inc., 3.25%, 04/09/50 | &nbsp;&nbsp; 20 | 14543 |
| CNH Industrial Capital LLC, 4.55%, 04/10/28 | &nbsp;&nbsp; 10 | 10097 |
| Deere & Co., 5.45%, 01/16/35 | &nbsp;&nbsp; 10 | 10676 |
| John Deere Capital Corp. |  |  |
| 4.40%, 09/08/31 | &nbsp;&nbsp; 10 | 10193 |
| 4.95%, 07/14/28 | &nbsp;&nbsp; 10 | 10277 |
| Regal Rexnord Corp., 6.05%, 04/15/28 | &nbsp;&nbsp; 10 | 10369 |
|  |  | 76206 |
| **Manufacturing — 0.1%** | **Manufacturing — 0.1%** | **Manufacturing — 0.1%** |
| 3M Co., 5.70%, 03/15/37 | &nbsp;&nbsp; 10 | 10681 |
| **Media — 0.9%** | **Media — 0.9%** | **Media — 0.9%** |
| Cable One, Inc., 4.00%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 6911 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, <br> 02/01/32<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 13939 |
| Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| 4.40%, 04/01/33 | &nbsp;&nbsp; 10 | 9518 |
| 4.80%, 03/01/50 | &nbsp;&nbsp; 10 | 7625 |
| 5.38%, 05/01/47 | &nbsp;&nbsp; 10 | 8347 |
| 6.48%, 10/23/45 | &nbsp;&nbsp; 5 | 4756 |
| Comcast Corp. |  |  |
| 3.40%, 07/15/46 | &nbsp;&nbsp; 20 | 14273 |
| 4.15%, 10/15/28 | &nbsp;&nbsp; 20 | 20149 |
| 4.20%, 08/15/34 | &nbsp;&nbsp; 20 | 19388 |
| 5.50%, 05/15/64 | &nbsp;&nbsp; 10 | 9212 |
| Cox Communications, Inc., 3.50%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9914 |
| CSC Holdings LLC, 6.50%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 9467 |
| Discovery Communications LLC, 6.35%, 06/01/40 | &nbsp;&nbsp; 15 | 12351 |
| DISH DBS Corp., 5.75%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14528 |
| Gray Media, Inc., 5.38%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 15 | 11853 |
| McGraw-Hill Education, Inc., 7.38%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15313 |
| Sirius XM Radio LLC, 4.00%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14646 |
| Univision Communications, Inc., 4.50%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14247 |
| Walt Disney Co.(The) |  |  |
| 2.00%, 09/01/29 | &nbsp;&nbsp; 15 | 14144 |
| 3.60%, 01/13/51 | &nbsp;&nbsp; 10 | 7514 |
|  |  | 238095 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| Alumina Pty. Ltd., 6.13%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15531 |
| BHP Billiton Finance USA Ltd., 5.00%, 09/30/43 | &nbsp;&nbsp; 5 | 4844 |
| Glencore Funding LLC, 6.50%, 10/06/33<sup>(a)</sup> | &nbsp;&nbsp; 10 | 11120 |
| Rio Tinto Finance USA PLC |  |  |
| 4.50%, 03/14/28 | &nbsp;&nbsp; 5 | 5070 |
| 5.88%, 03/14/65 | &nbsp;&nbsp; 10 | 10438 |
|  |  | 47003 |
| **Oil & Gas — 1.3%** | **Oil & Gas — 1.3%** | **Oil & Gas — 1.3%** |
| BP Capital Markets America, Inc. |  |  |
| 2.94%, 06/04/51 | &nbsp;&nbsp; 5 | 3270 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 3.63%, 04/06/30 | &nbsp;&nbsp; $5 | $4946 |
| 5.23%, 11/17/34 | &nbsp;&nbsp; 10 | 10465 |
| Chevron Corp., 2.24%, 05/11/30 | &nbsp;&nbsp; 5 | 4693 |
| Chevron USA, Inc., 4.48%, 02/26/28 | &nbsp;&nbsp; 10 | 10160 |
| ConocoPhillips Co., 3.80%, 03/15/52 | &nbsp;&nbsp; 10 | 7565 |
| Continental Resources, Inc./OK, 4.38%, 01/15/28 | &nbsp;&nbsp; 10 | 10014 |
| Crescent Energy Finance LLC, 7.63%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15159 |
| Devon Energy Corp., 5.88%, 06/15/28 | &nbsp;&nbsp; 10 | 10007 |
| Diamondback Energy, Inc., 5.75%, 04/18/54 | &nbsp;&nbsp; 5 | 4878 |
| Ecopetrol SA |  |  |
| 7.75%, 02/01/32 | &nbsp;&nbsp; 20 | 20411 |
| 8.38%, 01/19/36 | &nbsp;&nbsp; 20 | 20549 |
| EOG Resources, Inc., 5.35%, 01/15/36 | &nbsp;&nbsp; 10 | 10389 |
| EQT Corp., 4.50%, 01/15/29 | &nbsp;&nbsp; 10 | 10086 |
| Equinor ASA |  |  |
| 4.50%, 09/03/30 | &nbsp;&nbsp; 15 | 15323 |
| 4.75%, 11/14/35 | &nbsp;&nbsp; 25 | 25147 |
| Expand Energy Corp., 6.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10034 |
| Exxon Mobil Corp. |  |  |
| 2.44%, 08/16/29 | &nbsp;&nbsp; 10 | 9626 |
| 3.48%, 03/19/30 | &nbsp;&nbsp; 5 | 4935 |
| 4.33%, 03/19/50 | &nbsp;&nbsp; 5 | 4286 |
| Hilcorp Energy I LP/Hilcorp Finance Co., 6.00%, <br> 04/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 14787 |
| Occidental Petroleum Corp., 4.20%, 03/15/48 | &nbsp;&nbsp; 10 | 7756 |
| Phillips 66 Co., 5.65%, 06/15/54 | &nbsp;&nbsp; 10 | 9641 |
| Shell Finance U.S., Inc. |  |  |
| 3.25%, 04/06/50 | &nbsp;&nbsp; 5 | 3524 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 5 | 4380 |
| Shell International Finance BV, 2.75%, 04/06/30 | &nbsp;&nbsp; 10 | 9562 |
| Sunoco LP/Sunoco Finance Corp., 4.50%, 04/30/30 | &nbsp;&nbsp; 15 | 14684 |
| TotalEnergies Capital International SA, 3.13%, 05/29/50 | &nbsp;&nbsp; 10 | 6860 |
| Valero Energy Corp., 4.00%, 04/01/29 | &nbsp;&nbsp; 20 | 20005 |
| Woodside Finance Ltd., 5.10%, 09/12/34 | &nbsp;&nbsp; 10 | 10038 |
| YPF SA, 9.50%, 01/17/31<sup>(d)</sup> | &nbsp;&nbsp; 25 | 26548 |
|  |  | 339728 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Amcor Flexibles North America, Inc., 4.80%, 03/17/28 | &nbsp;&nbsp; 10 | 10172 |
| WRKCo, Inc., 3.00%, 06/15/33 | &nbsp;&nbsp; 15 | 13536 |
|  |  | 23708 |
| **Pharmaceuticals — 1.3%** | **Pharmaceuticals — 1.3%** | **Pharmaceuticals — 1.3%** |
| 1261229 BC Ltd., 10.00%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15583 |
| AbbVie, Inc. |  |  |
| 3.20%, 11/21/29 | &nbsp;&nbsp; 20 | 19535 |
| 4.40%, 11/06/42 | &nbsp;&nbsp; 10 | 9062 |
| 5.05%, 03/15/34 | &nbsp;&nbsp; 20 | 20760 |
| Astrazeneca Finance LLC, 1.75%, 05/28/28 | &nbsp;&nbsp; 5 | 4787 |
| AstraZeneca PLC, 4.00%, 09/18/42 | &nbsp;&nbsp; 10 | 8716 |
| Bayer Corp., 6.65%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10474 |
| Becton Dickinson & Co., 4.30%, 08/22/32 | &nbsp;&nbsp; 10 | 9989 |
| Bristol-Myers Squibb Co. |  |  |
| 4.25%, 10/26/49 | &nbsp;&nbsp; 15 | 12474 |
| 5.20%, 02/22/34 | &nbsp;&nbsp; 10 | 10462 |
| 5.55%, 02/22/54 | &nbsp;&nbsp; 5 | 4959 |
| Cardinal Health, Inc., 4.50%, 09/15/30 | &nbsp;&nbsp; 10 | 10139 |
| Cencora, Inc., 5.15%, 02/15/35 | &nbsp;&nbsp; 10 | 10334 |
| CVS Health Corp. |  |  |
| 4.30%, 03/25/28 | &nbsp;&nbsp; 5 | 5028 |
| 4.78%, 03/25/38 | &nbsp;&nbsp; 20 | 19086 |
| 5.00%, 01/30/29 | &nbsp;&nbsp; 10 | 10258 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 5.13%, 07/20/45 | &nbsp;&nbsp; $10 | $9142 |
| Eli Lilly & Co. |  |  |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 5 | 5042 |
| 4.50%, 02/09/29 | &nbsp;&nbsp; 20 | 20451 |
| 4.70%, 02/09/34 | &nbsp;&nbsp; 15 | 15378 |
| GlaxoSmithKline Capital, Inc., 3.88%, 05/15/28 | &nbsp;&nbsp; 5 | 5022 |
| Johnson & Johnson, 3.50%, 01/15/48 | &nbsp;&nbsp; 20 | 15638 |
| Merck & Co., Inc. |  |  |
| 2.75%, 12/10/51 | &nbsp;&nbsp; 10 | 6278 |
| 4.50%, 05/17/33 | &nbsp;&nbsp; 20 | 20351 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 4.45%, 05/19/28 | &nbsp;&nbsp; 5 | 5070 |
| 4.65%, 05/19/30 | &nbsp;&nbsp; 10 | 10245 |
| 5.11%, 05/19/43 | &nbsp;&nbsp; 10 | 9722 |
| 5.30%, 05/19/53 | &nbsp;&nbsp; 20 | 19160 |
|  |  | 323145 |
| **Pipelines — 1.1%** | **Pipelines — 1.1%** | **Pipelines — 1.1%** |
| Cheniere Energy Partners LP, 4.00%, 03/01/31 | &nbsp;&nbsp; 10 | 9807 |
| Columbia Pipelines Operating Co. LLC, 6.50%, <br> 08/15/43<sup>(a)</sup><br>| &nbsp;&nbsp; 10 | 10805 |
| Energy Transfer LP |  |  |
| 5.55%, 05/15/34 | &nbsp;&nbsp; 10 | 10418 |
| 5.95%, 05/15/54 | &nbsp;&nbsp; 5 | 4824 |
| 6.50%, 02/01/42 | &nbsp;&nbsp; 10 | 10712 |
| Enterprise Products Operating LLC |  |  |
| 4.60%, 01/15/31 | &nbsp;&nbsp; 10 | 10217 |
| 4.85%, 08/15/42 | &nbsp;&nbsp; 10 | 9435 |
| 5.38%, 02/15/78, (3-mo. CME Term SOFR + <br> 2.83%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | 10025 |
| Hess Midstream Operations LP, 5.50%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15114 |
| Kinder Morgan, Inc. |  |  |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 10 | 10177 |
| 5.55%, 06/01/45 | &nbsp;&nbsp; 10 | 9881 |
| MPLX LP |  |  |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 10 | 10005 |
| 4.90%, 04/15/58 | &nbsp;&nbsp; 10 | 8321 |
| NGL Energy Operating LLC/NGL Energy Finance Corp., <br> 8.38%, 02/15/32<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 15737 |
| ONEOK, Inc. |  |  |
| 4.20%, 10/03/47 | &nbsp;&nbsp; 10 | 7891 |
| 5.05%, 11/01/34 | &nbsp;&nbsp; 10 | 10036 |
| 5.80%, 11/01/30 | &nbsp;&nbsp; 5 | 5299 |
| Plains All American Pipeline LP/PAA Finance Corp., <br> 3.55%, 12/15/29<br>| &nbsp;&nbsp; 10 | 9801 |
| Spectra Energy Partners LP, 4.50%, 03/15/45 | &nbsp;&nbsp; 10 | 8660 |
| Targa Resources Corp., 6.50%, 03/30/34 | &nbsp;&nbsp; 10 | 11072 |
| Targa Resources Partners LP/Targa Resources Partners <br> Finance Corp., 5.50%, 03/01/30<br>| &nbsp;&nbsp; 10 | 10174 |
| TransCanada PipeLines Ltd., 5.60%, 03/31/34 | &nbsp;&nbsp; 10 | 10603 |
| Transcontinental Gas Pipe Line Co. LLC, 5.40%, <br> 08/15/41<br>| &nbsp;&nbsp; 10 | 9983 |
| Venture Global LNG, Inc., 7.00%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15197 |
| Western Midstream Operating LP |  |  |
| 4.75%, 08/15/28 | &nbsp;&nbsp; 10 | 10145 |
| 7.25%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10619 |
| Williams Companies, Inc. (The), 5.10%, 09/15/45 | &nbsp;&nbsp; 10 | 9351 |
|  |  | 274309 |
| **Private Equity — 0.0%** | **Private Equity — 0.0%** | **Private Equity — 0.0%** |
| Carlyle Finance Subsidiary LLC, 3.50%, 09/19/29<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9747 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| CBRE Services, Inc., 4.80%, 06/15/30 | &nbsp;&nbsp; $10 | $10194 |
| **Real Estate Investment Trusts — 0.9%** | **Real Estate Investment Trusts — 0.9%** | **Real Estate Investment Trusts — 0.9%** |
| Alexandria Real Estate Equities, Inc., 2.00%, 05/18/32 | &nbsp;&nbsp; 10 | 8583 |
| American Tower Corp., 3.10%, 06/15/50 | &nbsp;&nbsp; 20 | 13418 |
| Boston Properties LP, 6.50%, 01/15/34 | &nbsp;&nbsp; 10 | 10713 |
| Crown Castle, Inc. |  |  |
| 2.90%, 04/01/41 | &nbsp;&nbsp; 10 | 7438 |
| 3.10%, 11/15/29 | &nbsp;&nbsp; 10 | 9601 |
| DOC DR LLC, 2.63%, 11/01/31 | &nbsp;&nbsp; 10 | 9086 |
| EPR Properties, 4.95%, 04/15/28 | &nbsp;&nbsp; 10 | 10115 |
| Equinix, Inc., 2.50%, 05/15/31 | &nbsp;&nbsp; 15 | 13683 |
| Extra Space Storage LP |  |  |
| 2.35%, 03/15/32 | &nbsp;&nbsp; 10 | 8829 |
| 2.40%, 10/15/31 | &nbsp;&nbsp; 5 | 4481 |
| GLP Capital LP/GLP Financing II, Inc., 5.30%, 01/15/29 | &nbsp;&nbsp; 10 | 10205 |
| Highwoods Realty LP, 4.13%, 03/15/28 | &nbsp;&nbsp; 10 | 9937 |
| Iron Mountain, Inc., 5.25%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14923 |
| Kimco Realty OP LLC, 4.60%, 02/01/33 | &nbsp;&nbsp; 5 | 5045 |
| Omega Healthcare Investors, Inc., 4.75%, 01/15/28 | &nbsp;&nbsp; 10 | 10097 |
| Prologis LP |  |  |
| 2.25%, 04/15/30 | &nbsp;&nbsp; 5 | 4682 |
| 5.25%, 06/15/53 | &nbsp;&nbsp; 5 | 4833 |
| Realty Income Corp. |  |  |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 5 | 4797 |
| 3.65%, 01/15/28 | &nbsp;&nbsp; 20 | 19933 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 10 | 10344 |
| Simon Property Group LP |  |  |
| 4.38%, 10/01/30 | &nbsp;&nbsp; 10 | 10122 |
| 5.13%, 10/01/35 | &nbsp;&nbsp; 10 | 10242 |
| VICI Properties LP, 5.13%, 05/15/32 | &nbsp;&nbsp; 10 | 10126 |
| Welltower OP LLC, 2.75%, 01/15/32 | &nbsp;&nbsp; 10 | 9223 |
|  |  | 230456 |
| **Retail — 0.5%** | **Retail — 0.5%** | **Retail — 0.5%** |
| Advance Auto Parts, Inc., 7.00%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15379 |
| Burger King (Restaurant Brands International, Inc.)/New <br> Red Finance, Inc., 3.50%, 02/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 14514 |
| Home Depot, Inc.(The) |  |  |
| 1.50%, 09/15/28 | &nbsp;&nbsp; 5 | 4744 |
| 2.95%, 06/15/29 | &nbsp;&nbsp; 5 | 4868 |
| 5.88%, 12/16/36 | &nbsp;&nbsp; 10 | 10924 |
| Lithia Motors, Inc., 3.88%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14498 |
| Lowe's Companies, Inc. |  |  |
| 1.30%, 04/15/28 | &nbsp;&nbsp; 5 | 4741 |
| 2.63%, 04/01/31 | &nbsp;&nbsp; 5 | 4637 |
| 3.00%, 10/15/50 | &nbsp;&nbsp; 20 | 12968 |
| McDonald's Corp. |  |  |
| 2.13%, 03/01/30 | &nbsp;&nbsp; 5 | 4667 |
| 4.88%, 12/09/45 | &nbsp;&nbsp; 10 | 9271 |
| Staples, Inc., 12.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 10546 |
| Starbucks Corp., 2.55%, 11/15/30 | &nbsp;&nbsp; 5 | 4673 |
| Target Corp., 4.00%, 07/01/42 | &nbsp;&nbsp; 10 | 8605 |
| Walmart, Inc., 4.90%, 04/28/35 | &nbsp;&nbsp; 10 | 10374 |
|  |  | 135409 |
| **Semiconductors — 0.6%** | **Semiconductors — 0.6%** | **Semiconductors — 0.6%** |
| Analog Devices, Inc., 5.05%, 04/01/34 | &nbsp;&nbsp; 10 | 10464 |
| Broadcom, Inc. |  |  |
| 2.45%, 02/15/31 | &nbsp;&nbsp; 20 | 18485 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 20 | 20052 |
| Intel Corp. |  |  |
| 4.75%, 03/25/50 | &nbsp;&nbsp; 5 | 4162 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 4.88%, 02/10/28 | &nbsp;&nbsp; $20 | $20314 |
| 5.20%, 02/10/33 | &nbsp;&nbsp; 15 | 15450 |
| 5.63%, 02/10/43 | &nbsp;&nbsp; 10 | 9809 |
| Micron Technology, Inc., 5.30%, 01/15/31 | &nbsp;&nbsp; 10 | 10504 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 | &nbsp;&nbsp; 10 | 10346 |
| QUALCOMM, Inc., 5.00%, 05/20/35 | &nbsp;&nbsp; 15 | 15349 |
| Texas Instruments, Inc. |  |  |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 5 | 4192 |
| 4.60%, 02/15/28 | &nbsp;&nbsp; 20 | 20339 |
|  |  | 159466 |
| **Software — 1.0%** | **Software — 1.0%** | **Software — 1.0%** |
| Adobe, Inc., 4.95%, 04/04/34 | &nbsp;&nbsp; 10 | 10219 |
| AthenaHealth Group, Inc., 6.50%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14103 |
| Broadridge Financial Solutions, Inc., 2.60%, 05/01/31 | &nbsp;&nbsp; 15 | 13597 |
| Cloud Software Group, Inc. |  |  |
| 6.50%, 03/31/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14708 |
| 8.25%, 06/30/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15013 |
| CoreWeave, Inc., 9.25%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14690 |
| Fiserv, Inc. |  |  |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 10 | 9715 |
| 5.38%, 08/21/28 | &nbsp;&nbsp; 10 | 10250 |
| Microsoft Corp., 2.53%, 06/01/50 | &nbsp;&nbsp; 20 | 12406 |
| MSCI, Inc., 4.00%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 20 | 19631 |
| Oracle Corp. |  |  |
| 2.95%, 04/01/30 | &nbsp;&nbsp; 20 | 18605 |
| 3.25%, 11/15/27 | &nbsp;&nbsp; 10 | 9823 |
| 3.60%, 04/01/50 | &nbsp;&nbsp; 15 | 9379 |
| 4.95%, 02/04/31 | &nbsp;&nbsp; 25 | 24948 |
| 5.20%, 09/26/35 | &nbsp;&nbsp; 5 | 4832 |
| 5.88%, 09/26/45 | &nbsp;&nbsp; 10 | 9042 |
| 6.25%, 11/09/32 | &nbsp;&nbsp; 20 | 21123 |
| Roper Technologies, Inc., 4.75%, 02/15/32 | &nbsp;&nbsp; 10 | 10088 |
| Salesforce, Inc., 1.95%, 07/15/31 | &nbsp;&nbsp; 10 | 8893 |
| Synopsys, Inc., 5.15%, 04/01/35 | &nbsp;&nbsp; 5 | 5106 |
|  |  | 256171 |
| **Telecommunications — 1.2%** | **Telecommunications — 1.2%** | **Telecommunications — 1.2%** |
| AT&T, Inc. |  |  |
| 2.55%, 12/01/33 | &nbsp;&nbsp; 20 | 17327 |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 20 | 16050 |
| 3.50%, 09/15/53 | &nbsp;&nbsp; 10 | 6807 |
| 4.30%, 02/15/30 | &nbsp;&nbsp; 20 | 20172 |
| 6.38%, 03/01/41 | &nbsp;&nbsp; 10 | 10853 |
| Cisco Systems, Inc., 5.50%, 01/15/40 | &nbsp;&nbsp; 15 | 15749 |
| Connect Holding II LLC, 10.50%, 04/03/31<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14511 |
| Corning, Inc., 4.70%, 03/15/37 | &nbsp;&nbsp; 10 | 9856 |
| Level 3 Financing, Inc., 3.75%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 15 | 13958 |
| Motorola Solutions, Inc., 4.60%, 05/23/29 | &nbsp;&nbsp; 20 | 20303 |
| Rogers Communications, Inc., 4.50%, 03/15/42 | &nbsp;&nbsp; 10 | 8719 |
| Telefonica Europe BV, 8.25%, 09/15/30 | &nbsp;&nbsp; 10 | 11544 |
| T-Mobile USA, Inc. |  |  |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 20 | 19844 |
| 4.70%, 01/15/35 | &nbsp;&nbsp; 10 | 9939 |
| 5.65%, 01/15/53 | &nbsp;&nbsp; 10 | 9776 |
| Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC, 6.50%, 02/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 14597 |
| Verizon Communications, Inc. |  |  |
| 3.55%, 03/22/51 | &nbsp;&nbsp; 25 | 18116 |
| 4.02%, 12/03/29 | &nbsp;&nbsp; 20 | 20019 |
| 5.25%, 04/02/35 | &nbsp;&nbsp; 15 | 15446 |
| 5.75%, 11/30/45 | &nbsp;&nbsp; 10 | 10107 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Vodafone Group PLC, 5.75%, 06/28/54 | &nbsp;&nbsp; $5 | $4925 |
| WULF Compute LLC, 7.75%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15882 |
|  |  | 304500 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Mattel, Inc., 5.45%, 11/01/41 | &nbsp;&nbsp; 10 | 9471 |
| **Transportation — 0.4%** | **Transportation — 0.4%** | **Transportation — 0.4%** |
| Burlington Northern Santa Fe LLC |  |  |
| 3.30%, 09/15/51 | &nbsp;&nbsp; 20 | 14041 |
| 6.20%, 08/15/36 | &nbsp;&nbsp; 10 | 11190 |
| CSX Corp., 4.50%, 11/15/52 | &nbsp;&nbsp; 20 | 17329 |
| Norfolk Southern Corp., 3.70%, 03/15/53 | &nbsp;&nbsp; 10 | 7380 |
| Union Pacific Corp. |  |  |
| 2.38%, 05/20/31 | &nbsp;&nbsp; 15 | 13860 |
| 3.20%, 05/20/41 | &nbsp;&nbsp; 15 | 12004 |
| United Parcel Service, Inc., 5.50%, 05/22/54 | &nbsp;&nbsp; 10 | 9884 |
| Walmart, Inc., 1.80%, 09/22/31 | &nbsp;&nbsp; 5 | 4508 |
|  |  | 90196 |
| **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** |
| GATX Corp. |  |  |
| 3.85%, 03/30/27 | &nbsp;&nbsp; 10 | 9982 |
| 5.20%, 03/15/44 | &nbsp;&nbsp; 10 | 9624 |
| Penske Truck Leasing Co. LP/PTL Finance Corp., <br> 5.70%, 02/01/28<sup>(a)</sup><br>| &nbsp;&nbsp; 10 | 10274 |
|  |  | 29880 |
| **Water — 0.0%** | **Water — 0.0%** | **Water — 0.0%** |
| American Water Capital Corp., 3.75%, 09/01/28 | &nbsp;&nbsp; 10 | 9988 |
| **Total Corporate Bonds & Notes — 28.3%** <br>**(Cost: $7,140,890)** | **Total Corporate Bonds & Notes — 28.3%** <br>**(Cost: $7,140,890)** | 7176952 |
| **Floating Rate Loan Interests** | **Floating Rate Loan Interests** | **Floating Rate Loan Interests** |
| **Aerospace & Defense — 0.2%** | **Aerospace & Defense — 0.2%** | **Aerospace & Defense — 0.2%** |
| TransDigm, Inc., 2025 Term Loan M, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.17%, 08/19/32<br>| &nbsp;&nbsp; 50 | 49846 |
| **Airlines — 0.2%** | **Airlines — 0.2%** | **Airlines — 0.2%** |
| AAdvantage Loyalty IP Ltd., 2025 Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 5.92%, <br> 04/20/28<br>| &nbsp;&nbsp; 50 | 49767 |
| **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** |
| Clarios Global LP, 2025 USD Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.42%, <br> 01/28/32<br>| &nbsp;&nbsp; 50 | 49709 |
| **Building Materials — 0.2%** | **Building Materials — 0.2%** | **Building Materials — 0.2%** |
| Quikrete Holdings, Inc., 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 5.92%, <br> 02/10/32<br>| &nbsp;&nbsp; 50 | 49824 |
| **Commercial Services — 0.6%** | **Commercial Services — 0.6%** | **Commercial Services — 0.6%** |
| Allied Universal Holdco LLC, 2025 USD Term Loan B, <br> 08/20/32<br>| &nbsp;&nbsp; 50 | 49844 |
| Creative Artists Agency, LLC, 2025 Repriced Term Loan <br> B, 10/01/31<br>| &nbsp;&nbsp; 50 | 49802 |
| Wand NewCo 3, Inc., 2025 Repriced Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.17%, 01/30/31<br>| &nbsp;&nbsp; 50 | 49549 |
|  |  | 149195 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** |
| Jane Street Group LLC, 2024 Term Loan B1, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.67%, <br> 12/15/31<br>| &nbsp;&nbsp; $25 | $24115 |
| **Health Care - Products — 0.2%** | **Health Care - Products — 0.2%** | **Health Care - Products — 0.2%** |
| Medline Borrower, LP, 2025 Incremental Term Loan B, <br> 10/23/30<br>| &nbsp;&nbsp; 50 | 49956 |
| **Housewares — 0.2%** | **Housewares — 0.2%** | **Housewares — 0.2%** |
| Hunter Douglas, Inc., 2025 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.67%, <br> 01/20/32<br>| &nbsp;&nbsp; 50 | 49822 |
| **Insurance — 0.5%** | **Insurance — 0.5%** | **Insurance — 0.5%** |
| AmWINS Group, Inc., 01/30/32 | &nbsp;&nbsp; 25 | 24711 |
| Asurion LLC, 2024 Term Loan B12, (1-mo. CME Term <br> SOFR at 0.00% Floor + 4.25%), 7.92%, 09/19/30<br>| &nbsp;&nbsp; 50 | 49724 |
| Hyperion Refinance SARL, 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 6.42%, 02/15/31<br>| &nbsp;&nbsp; 50 | 47281 |
|  |  | 121716 |
| **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** |
| Clydesdale Acquisition Holdings, Inc., 2025 Term Loan <br> B, 04/01/32<br>| &nbsp;&nbsp; 51 | 50149 |
| **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** |
| Southern Veterinary Partners LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.18%, 12/04/31<br>| &nbsp;&nbsp; 50 | 49747 |
| **Software — 0.7%** | **Software — 0.7%** | **Software — 0.7%** |
| AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 6.42%, <br> 02/15/29<br>| &nbsp;&nbsp; 50 | 48503 |
| Cloud Software Group, Inc., 08/13/32 | &nbsp;&nbsp; 50 | 46159 |
| UKG, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 2.50%), 6.17%, 02/10/31<br>| &nbsp;&nbsp; 50 | 47107 |
| Zelis Payments Buyer, Inc., 5th Amendment Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.92%, 11/26/31<br>| &nbsp;&nbsp; 50 | 47006 |
|  |  | 188775 |
| **Total Floating Rate Loan Interests — 3.5%** <br>**(Cost: $900,814)** | **Total Floating Rate Loan Interests — 3.5%** <br>**(Cost: $900,814)** | 882621 |
| **Foreign Government Obligations**<sup>(e)</sup> | **Foreign Government Obligations**<sup>(e)</sup> | **Foreign Government Obligations**<sup>(e)</sup> |
| **Argentina — 0.2%** | **Argentina — 0.2%** | **Argentina — 0.2%** |
| Argentina Republic Government International Bonds, <br> 4.75%, 07/09/35<sup>(f)</sup><br>| &nbsp;&nbsp; 50 | 37620 |
| **Brazil — 0.4%** | **Brazil — 0.4%** | **Brazil — 0.4%** |
| Brazil Government International Bonds, 7.13%, <br> 01/20/37<br>| &nbsp;&nbsp; 100 | 111189 |
| **Canada — 0.2%** | **Canada — 0.2%** | **Canada — 0.2%** |
| Canada Government International Bonds, 4.63%, <br> 04/30/29<br>| &nbsp;&nbsp; 10 | 10356 |
| Province of British Columbia Canada |  |  |
| 4.20%, 07/06/33 | &nbsp;&nbsp; 10 | 10114 |
| 4.90%, 04/24/29 | &nbsp;&nbsp; 10 | 10403 |
| Province of Ontario Canada, 2.00%, 10/02/29 | &nbsp;&nbsp; 10 | 9477 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Canada (continued)** | **Canada (continued)** | **Canada (continued)** |
| Province of Quebec Canada, 4.50%, 04/03/29 | &nbsp;&nbsp; $10 | $10277 |
|  |  | 50627 |
| **Ecuador — 0.0%** | **Ecuador — 0.0%** | **Ecuador — 0.0%** |
| Ecuador Government International Bonds, 6.90%, <br> 07/31/35<sup>(d)(f)</sup><br>| &nbsp;&nbsp; 10 | 9077 |
| **Indonesia — 0.4%** | **Indonesia — 0.4%** | **Indonesia — 0.4%** |
| Indonesia Government International Bonds, 6.63%, <br> 02/17/37<sup>(d)</sup><br>| &nbsp;&nbsp; 100 | 113138 |
| **Israel — 0.8%** | **Israel — 0.8%** | **Israel — 0.8%** |
| Israel Government International Bonds, 4.50%, 01/17/33 | &nbsp;&nbsp; 200 | 196880 |
| **Italy — 0.1%** | **Italy — 0.1%** | **Italy — 0.1%** |
| Republic of Italy Government International Bonds, <br> 5.38%, 06/15/33<br>| &nbsp;&nbsp; 15 | 16098 |
| **Mexico — 0.8%** | **Mexico — 0.8%** | **Mexico — 0.8%** |
| Mexico Government International Bonds, 5.63%, <br> 09/22/35<br>| &nbsp;&nbsp; 200 | 200012 |
| **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** |
| Panama Government International Bonds, 6.70%, <br> 01/26/36<br>| &nbsp;&nbsp; 25 | 27304 |
| **Peru — 0.1%** | **Peru — 0.1%** | **Peru — 0.1%** |
| Peru Government International Bonds, 5.63%, 11/18/50 | &nbsp;&nbsp; 25 | 24853 |
| **Romania — 0.1%** | **Romania — 0.1%** | **Romania — 0.1%** |
| Romanian Government International Bonds, 6.38%, <br> 01/30/34<sup>(d)</sup><br>| &nbsp;&nbsp; 16 | 16914 |
| **Saudi Arabia — 0.8%** | **Saudi Arabia — 0.8%** | **Saudi Arabia — 0.8%** |
| Saudi Government International Bonds, 5.63%, <br> 01/13/35<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 213074 |
| **South Korea — 0.8%** | **South Korea — 0.8%** | **South Korea — 0.8%** |
| Korea International Bonds, 2.50%, 06/19/29 | &nbsp;&nbsp; 200 | 193348 |
| **Supranational — 0.7%** | **Supranational — 0.7%** | **Supranational — 0.7%** |
| African Development Bank, 4.00%, 03/18/30 | &nbsp;&nbsp; 10 | 10182 |
| Asian Development Bank |  |  |
| 1.88%, 01/24/30 | &nbsp;&nbsp; 25 | 23540 |
| 4.13%, 01/12/34 | &nbsp;&nbsp; 10 | 10193 |
| European Investment Bank |  |  |
| 1.25%, 02/14/31 | &nbsp;&nbsp; 10 | 8966 |
| 4.00%, 02/15/29 | &nbsp;&nbsp; 20 | 20330 |
| 4.50%, 10/16/28 | &nbsp;&nbsp; 20 | 20553 |
| Inter-American Development Bank, 4.38%, 07/16/35 | &nbsp;&nbsp; 20 | 20627 |
| International Bank for Reconstruction & Development |  |  |
| 1.38%, 04/20/28 | &nbsp;&nbsp; 20 | 19163 |
| 4.13%, 03/20/30 | &nbsp;&nbsp; 40 | 40940 |
|  |  | 174494 |
| **Turkey — 0.8%** | **Turkey — 0.8%** | **Turkey — 0.8%** |
| Turkiye Government International Bonds, 7.13%, <br> 02/12/32<br>| &nbsp;&nbsp; 200 | 209217 |
| **Ukraine — 0.0%** | **Ukraine — 0.0%** | **Ukraine — 0.0%** |
| Ukraine Government International Bonds, 4.50%, <br> 02/01/34<sup>(d)(f)</sup><br>| &nbsp;&nbsp; 10 | 6178 |
| **Total Foreign Government Obligations — 6.3%** <br>**(Cost: $1,586,045)** | **Total Foreign Government Obligations — 6.3%** <br>**(Cost: $1,586,045)** | 1600023 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **California — 0.2%** | **California — 0.2%** | **California — 0.2%** |
| State of California GO BAB, 7.55%, 04/01/39 | &nbsp;&nbsp; $30 | $37019 |
| **Illinois — 0.1%** | **Illinois — 0.1%** | **Illinois — 0.1%** |
| State of Illinois GO, 5.10%, 06/01/33 | &nbsp;&nbsp; 26 | 27094 |
| **Total Municipal Debt Obligations — 0.3%** <br>**(Cost: $63,073)** | **Total Municipal Debt Obligations — 0.3%** <br>**(Cost: $63,073)** | 64113 |
| **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** |
| **Mortgage-Backed Securities — 18.6%** | **Mortgage-Backed Securities — 18.6%** | **Mortgage-Backed Securities — 18.6%** |
| Government National Mortgage Association |  |  |
| 2.00%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 150 | 127053 |
| 2.50%, 08/20/51 | &nbsp;&nbsp; 98 | 86584 |
| 2.50%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 150 | 132346 |
| 3.00%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 125 | 114635 |
| 3.50%, 03/19/56<sup>(g)</sup> | &nbsp;&nbsp; 100 | 93842 |
| 4.50%, 07/20/53 | &nbsp;&nbsp; 212 | 210904 |
| 5.00%, 07/20/53 | &nbsp;&nbsp; 118 | 119284 |
| 5.50%, 11/20/55 | &nbsp;&nbsp; 198 | 201410 |
| 5.50%, 02/20/56 | &nbsp;&nbsp; 25 | 25379 |
| Uniform Mortgage-Backed Securities |  |  |
| 2.00%, 03/17/41<sup>(g)</sup> | &nbsp;&nbsp; 275 | 256203 |
| 2.00%, 01/01/52 | &nbsp;&nbsp; 251 | 208744 |
| 2.00%, 03/01/52 | &nbsp;&nbsp; 733 | 608447 |
| 2.50%, 03/17/41<sup>(g)</sup> | &nbsp;&nbsp; 100 | 95330 |
| 2.50%, 05/01/52 | &nbsp;&nbsp; 482 | 419494 |
| 3.00%, 05/01/52 | &nbsp;&nbsp; 261 | 237023 |
| 3.00%, 09/01/52 | &nbsp;&nbsp; 118 | 106821 |
| 3.50%, 05/01/52 | &nbsp;&nbsp; 205 | 193799 |
| 4.00%, 03/15/40<sup>(g)</sup> | &nbsp;&nbsp; 100 | 99136 |
| 4.00%, 01/01/53 | &nbsp;&nbsp; 148 | 144694 |
| 4.00%, 06/01/53 | &nbsp;&nbsp; 66 | 64693 |
| 4.50%, 02/01/53 | &nbsp;&nbsp; 130 | 128974 |
| 5.00%, 06/01/54 | &nbsp;&nbsp; 177 | 179093 |
| 5.00%, 03/15/56<sup>(g)</sup> | &nbsp;&nbsp; 100 | 100449 |
| 5.50%, 05/01/54 | &nbsp;&nbsp; 193 | 196800 |
| 5.50%, 06/01/55 | &nbsp;&nbsp; 97 | 100792 |
| 5.50%, 03/12/56<sup>(g)</sup> | &nbsp;&nbsp; 20 | 20321 |
| 6.00%, 05/01/54 | &nbsp;&nbsp; 144 | 147399 |
| 6.00%, 09/01/54 | &nbsp;&nbsp; 97 | 99399 |
| 6.00%, 04/01/55 | &nbsp;&nbsp; 96 | 99577 |
| 6.50%, 08/01/55 | &nbsp;&nbsp; 95 | 99918 |
|  |  | 4718543 |
| **U.S. Government Agency Obligations — 0.2%** | **U.S. Government Agency Obligations — 0.2%** | **U.S. Government Agency Obligations — 0.2%** |
| Tennessee Valley Authority, 3.88%, 08/01/30 | &nbsp;&nbsp; 35 | 35449 |
| **U.S. Government Obligations — 40.1%** | **U.S. Government Obligations — 40.1%** | **U.S. Government Obligations — 40.1%** |
| U.S. Treasury Bonds |  |  |
| 1.13%, 05/15/40 | &nbsp;&nbsp; 40 | 26256 |
| 1.13%, 08/15/40 | &nbsp;&nbsp; 140 | 91000 |
| 1.25%, 05/15/50 | &nbsp;&nbsp; 200 | 100188 |
| 1.75%, 08/15/41 | &nbsp;&nbsp; 125 | 87285 |
| 1.88%, 02/15/51 | &nbsp;&nbsp; 233 | 135941 |
| 2.25%, 08/15/49 | &nbsp;&nbsp; 180 | 117450 |
| 2.25%, 02/15/52 | &nbsp;&nbsp; 200 | 126531 |
| 2.38%, 02/15/42 | &nbsp;&nbsp; 125 | 95059 |
| 2.50%, 02/15/46 | &nbsp;&nbsp; 100 | 72266 |
| 4.13%, 08/15/44 | &nbsp;&nbsp; 150 | 142055 |
| 4.13%, 08/15/53 | &nbsp;&nbsp; 150 | 137625 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.25%, 08/15/54 | &nbsp;&nbsp; $150 | $140555 |
| 4.38%, 08/15/43 | &nbsp;&nbsp; 125 | 122969 |
| 4.63%, 11/15/45 | &nbsp;&nbsp; 130 | 130873 |
| 4.63%, 02/15/46 | &nbsp;&nbsp; 36 | 36257 |
| 4.63%, 11/15/55 | &nbsp;&nbsp; 170 | 169734 |
| 4.75%, 02/15/45 | &nbsp;&nbsp; 180 | 184528 |
| 4.75%, 05/15/55 | &nbsp;&nbsp; 160 | 162850 |
| 4.75%, 08/15/55 | &nbsp;&nbsp; 20 | 20369 |
| 4.75%, 02/15/56 | &nbsp;&nbsp; 20 | 20381 |
| U.S. Treasury Inflation Indexed Bonds |  |  |
| 1.63%, 10/15/29 | &nbsp;&nbsp; 30 | 30592 |
| 1.75%, 01/15/34 | &nbsp;&nbsp; 33 | 33818 |
| 1.88%, 07/15/34 | &nbsp;&nbsp; 35 | 35581 |
| 2.38%, 02/15/55 | &nbsp;&nbsp; 11 | 11140 |
| U.S. Treasury Inflation Indexed Notes |  |  |
| 1.13%, 10/15/30 | &nbsp;&nbsp; 32 | 31754 |
| 1.63%, 04/15/30 | &nbsp;&nbsp; 31 | 31698 |
| 1.88%, 07/15/35 | &nbsp;&nbsp; 38 | 38646 |
| 1.88%, 01/15/36 | &nbsp;&nbsp; 13 | 13369 |
| 2.13%, 01/15/35 | &nbsp;&nbsp; 36 | 37978 |
| U.S. Treasury Inflation-Indexed Bonds |  |  |
| 0.13%, 04/15/27 | &nbsp;&nbsp; 27 | 27318 |
| 0.13%, 01/15/30 | &nbsp;&nbsp; 25 | 24314 |
| 0.13%, 07/15/30 | &nbsp;&nbsp; 28 | 26761 |
| 0.13%, 01/15/31 | &nbsp;&nbsp; 29 | 27260 |
| 0.13%, 07/15/31 | &nbsp;&nbsp; 29 | 27501 |
| 0.13%, 01/15/32 | &nbsp;&nbsp; 32 | 29538 |
| 0.13%, 02/15/51 | &nbsp;&nbsp; 10 | 5651 |
| 0.13%, 02/15/52 | &nbsp;&nbsp; 12 | 6782 |
| 0.25%, 07/15/29 | &nbsp;&nbsp; 22 | 21705 |
| 0.25%, 02/15/50 | &nbsp;&nbsp; 11 | 6458 |
| 0.38%, 07/15/27 | &nbsp;&nbsp; 24 | 24472 |
| 0.50%, 01/15/28 | &nbsp;&nbsp; 25 | 24793 |
| 0.63%, 07/15/32 | &nbsp;&nbsp; 32 | 31090 |
| 0.63%, 02/15/43 | &nbsp;&nbsp; 11 | 8166 |
| 0.75%, 07/15/28 | &nbsp;&nbsp; 22 | 21949 |
| 0.75%, 02/15/42 | &nbsp;&nbsp; 13 | 10405 |
| 0.75%, 02/15/45 | &nbsp;&nbsp; 16 | 12505 |
| 0.88%, 01/15/29 | &nbsp;&nbsp; 19 | 18570 |
| 0.88%, 02/15/47 | &nbsp;&nbsp; 10 | 7546 |
| 1.00%, 02/15/46 | &nbsp;&nbsp; 8 | 6417 |
| 1.00%, 02/15/48 | &nbsp;&nbsp; 7 | 5489 |
| 1.00%, 02/15/49 | &nbsp;&nbsp; 6 | 4824 |
| 1.13%, 01/15/33 | &nbsp;&nbsp; 32 | 31557 |
| 1.25%, 04/15/28 | &nbsp;&nbsp; 27 | 27719 |
| 1.38%, 07/15/33 | &nbsp;&nbsp; 31 | 31442 |
| 1.38%, 02/15/44 | &nbsp;&nbsp; 15 | 12653 |
| 1.50%, 02/15/53 | &nbsp;&nbsp; 11 | 8850 |
| 1.63%, 10/15/27 | &nbsp;&nbsp; 28 | 28352 |
| 1.75%, 01/15/28 | &nbsp;&nbsp; 10 | 10220 |
| 2.13%, 04/15/29 | &nbsp;&nbsp; 29 | 29782 |
| 2.13%, 02/15/40 | &nbsp;&nbsp; 7 | 6869 |
| 2.13%, 02/15/41 | &nbsp;&nbsp; 8 | 8202 |
| 2.13%, 02/15/54 | &nbsp;&nbsp; 12 | 10847 |
| 2.38%, 10/15/28 | &nbsp;&nbsp; 28 | 29178 |
| 2.50%, 01/15/29 | &nbsp;&nbsp; 10 | 10240 |
| 3.38%, 04/15/32 | &nbsp;&nbsp; 5 | 5129 |
| 3.63%, 04/15/28 | &nbsp;&nbsp; 11 | 11644 |
| 3.88%, 04/15/29 | &nbsp;&nbsp; 12 | 12861 |
| U.S. Treasury Notes |  |  |
| 0.50%, 05/31/27 | &nbsp;&nbsp; 313 | 301727 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 0.50%, 06/30/27 | &nbsp;&nbsp; $313 | $301042 |
| 0.63%, 03/31/27 | &nbsp;&nbsp; 313 | 303561 |
| 0.63%, 08/15/30 | &nbsp;&nbsp; 163 | 143860 |
| 0.75%, 01/31/28 | &nbsp;&nbsp; 163 | 155086 |
| 0.88%, 11/15/30 | &nbsp;&nbsp; 150 | 132984 |
| 1.00%, 07/31/28 | &nbsp;&nbsp; 163 | 154073 |
| 1.13%, 08/31/28 | &nbsp;&nbsp; 150 | 141961 |
| 1.25%, 04/30/28 | &nbsp;&nbsp; 165 | 157704 |
| 1.50%, 11/30/28 | &nbsp;&nbsp; 100 | 95086 |
| 1.75%, 11/15/29 | &nbsp;&nbsp; 155 | 146039 |
| 1.88%, 02/15/32 | &nbsp;&nbsp; 250 | 226523 |
| 2.25%, 11/15/27 | &nbsp;&nbsp; 150 | 147117 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 150 | 146766 |
| 3.38%, 09/15/27 | &nbsp;&nbsp; 250 | 249775 |
| 3.50%, 10/15/28 | &nbsp;&nbsp; 150 | 150410 |
| 3.50%, 11/15/28 | &nbsp;&nbsp; 170 | 170491 |
| 3.50%, 02/15/33 | &nbsp;&nbsp; 13 | 12821 |
| 3.63%, 08/31/27 | &nbsp;&nbsp; 250 | 250664 |
| 3.63%, 12/31/30 | &nbsp;&nbsp; 28 | 28133 |
| 3.75%, 12/31/28 | &nbsp;&nbsp; 160 | 161550 |
| 3.81%, 10/31/27, (3-mo. Treasury money market yield <br> + 0.19%)<sup>(c)</sup><br>| &nbsp;&nbsp; 38 | 38061 |
| 3.88%, 07/31/27 | &nbsp;&nbsp; 313 | 314834 |
| 3.88%, 03/15/28 | &nbsp;&nbsp; 178 | 179711 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 178 | 179933 |
| 3.88%, 08/15/33 | &nbsp;&nbsp; 125 | 125898 |
| 3.88%, 08/15/34 | &nbsp;&nbsp; 50 | 50070 |
| 4.00%, 12/15/27 | &nbsp;&nbsp; 175 | 176791 |
| 4.00%, 07/31/29 | &nbsp;&nbsp; 140 | 142592 |
| 4.00%, 02/28/30 | &nbsp;&nbsp; 163 | 166235 |
| 4.00%, 01/31/31 | &nbsp;&nbsp; 125 | 127637 |
| 4.00%, 04/30/32 | &nbsp;&nbsp; 250 | 254805 |
| 4.00%, 07/31/32 | &nbsp;&nbsp; 250 | 254629 |
| 4.00%, 11/15/35 | &nbsp;&nbsp; 50 | 50180 |
| 4.13%, 02/15/27 | &nbsp;&nbsp; 313 | 314687 |
| 4.13%, 07/31/31 | &nbsp;&nbsp; 150 | 154078 |
| 4.13%, 10/31/31 | &nbsp;&nbsp; 150 | 153996 |
| 4.13%, 02/15/36 | &nbsp;&nbsp; 9 | 9120 |
| 4.25%, 08/15/35 | &nbsp;&nbsp; 80 | 81988 |
| 4.38%, 12/31/29 | &nbsp;&nbsp; 150 | 154922 |
| 4.50%, 05/31/29 | &nbsp;&nbsp; 178 | 183896 |
| 4.63%, 04/30/31 | &nbsp;&nbsp; 138 | 144965 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.88%, 10/31/30 | &nbsp;&nbsp; $263 | $278328 |
|  |  | 10154536 |
| **Total U.S. Government & Agency Obligations — 58.9%** <br>**(Cost: $14,734,813)** | **Total U.S. Government & Agency Obligations — 58.9%** <br>**(Cost: $14,734,813)** | 14908528 |
| **Total Long-Term Investments — 98.5%** <br>**(Cost: $24,734,754)** | **Total Long-Term Investments — 98.5%** <br>**(Cost: $24,734,754)** | 24944780 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 6.9%** | **Money Market Funds — 6.9%** | **Money Market Funds — 6.9%** |
| BlackRock Cash Funds: Institutional, SL Agency Shares, <br> 3.84%<sup>(h)(i)</sup><br>| &nbsp;&nbsp; 1656334 | 1657162 |
| BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 3.64%<sup>(h)(i)</sup><br>| &nbsp;&nbsp; 100000 | 100000 |
| **Total Short-Term Securities — 6.9%** <br>**(Cost: $1,757,162)** | **Total Short-Term Securities — 6.9%** <br>**(Cost: $1,757,162)** | 1757162 |
| **Total Investments — 105.4%** <br>**(Cost: $26,491,916)** | **Total Investments — 105.4%** <br>**(Cost: $26,491,916)** | 26701942 |
| **Liabilities in Excess of Other Assets — (5.4)%** | **Liabilities in Excess of Other Assets — (5.4)%** | (1362934)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $25339008 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

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

<sup>(d)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

<sup>(e)</sup> U.S. dollar denominated security issued by foreign domiciled entity.

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

<sup>(g)</sup> Represents or includes a TBA transaction.

<sup>(h)</sup> Affiliate of the Fund.

<sup>(i)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*12/10/25*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares<br>| $—<br> &nbsp;&nbsp; $1657162 <br><sup>(b)</sup><br>| $— | $— | $— | $1657162 | 1656334 | $14027 | $— |
| BlackRock Cash Funds: Treasury, SL Agency Shares | —<br> &nbsp;&nbsp; 100000 <br><sup>(b)</sup><br>|  |  |  | 100000 | 100000 | 720 |  |
|  |  |  | $— | $— | $1757162 |  | $14747 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Commencement of operations.

<sup>(b)</sup> Represents net amount purchased (sold).

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Total USD Fixed Income Market ETF**

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Collateralized Mortgage Obligations | &nbsp;&nbsp; $— | &nbsp;&nbsp; $312543 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $312543 |
| Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 7176952 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7176952 |
| Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp; 882621 | &nbsp;&nbsp; — | &nbsp;&nbsp; 882621 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 1600023 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1600023 |
| Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 64113 | &nbsp;&nbsp; — | &nbsp;&nbsp; 64113 |
| U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 14908528 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14908528 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 1757162 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1757162 |
|  | &nbsp;&nbsp; $1757162 | &nbsp;&nbsp; $24944780 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $26701942 |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Assets and Liabilities

February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; iShares <br>Core <br> U.S. Aggregate <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>Total USD <br> Fixed Income <br> Market ETF <br>|
| **ASSETS** |  |  |
| Investments, at value—unaffiliated<sup>(a)(b)</sup> | $139468923155 | $24944780 |
| Investments, at value—affiliated<sup>(c)</sup> | 5446228884 | 1757162 |
| Cash | 511140 | 1595 |
| Foreign currency, at value<sup>(d)</sup> | 146 | 9 |
| Receivables: |  |  |
| Investments sold | 1406912176 | 16520 |
| Securities lending income—affiliated | 307367 |  |
| TBA sales commitments | 119332063 |  |
| Loans |  | 386 |
| Capital shares sold | 54565993 |  |
| Dividends—affiliated | 12229149 | 5338 |
| Interest—unaffiliated | 1117936792 | 188325 |
| Total assets | 147626946865 | 26914115 |
| **LIABILITIES** |  |  |
| Cash received as collateral for TBA commitments | 16859645 |  |
| Collateral on securities loaned, at value | 936271511 |  |
| TBA sales commitments, at value<sup>(e)</sup> | 119445856 |  |
| Payables: |  |  |
| Investments purchased | 5074206062 | 1573495 |
| Investment advisory fees | 2922441 | 1612 |
| Total liabilities | 6149705515 | 1575107 |
| **Commitments and contingent liabilities** |  |  |
| NET ASSETS | $141477241350 | $25339008 |
| **NET ASSETS CONSIST OF** |  |  |
| Paid-in capital | $147842690543 | $25031692 |
| Accumulated earnings (loss) | (6365449193) | 307316 |
| NET ASSETS | $141477241350 | $25339008 |
| **NET ASSET VALUE** |  |  |
| Shares outstanding | 1395300000 | 500000 |
| Net asset value | $101.40 | $50.68 |
| Shares authorized | Unlimited | Unlimited |
| Par value |  |  |
| <sup>(a)</sup> Investments, at cost—unaffiliated | $144137196811 | $24734754 |
| <sup>(b)</sup> Securities loaned, at value | $907930796 | $— |
| <sup>(c)</sup> Investments, at cost—affiliated | $5444639416 | $1757162 |
| <sup>(d)</sup> Foreign currency, at cost | $136 | $9 |
| <sup>(e)</sup> Proceeds from TBA sales commitments | $119332063 | $— |

---

*See notes to financial statements.*

Statements of Assets and Liabilities

------

Statements of Operations

Year Ended February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | iShares <br>Core <br> U.S. Aggregate <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>Total USD <br> Fixed Income <br> Market ETF<sup>(a)</sup> <br>|
| **INVESTMENT INCOME** |  |  |
| Dividends—affiliated | &nbsp;&nbsp; $139868876 | &nbsp;&nbsp;&nbsp; $14747 |
| Interest—unaffiliated | &nbsp;&nbsp; 5037647841 | &nbsp;&nbsp;&nbsp; 220850 |
| Securities lending income—affiliated—net | &nbsp;&nbsp; 3309785 | &nbsp;&nbsp;&nbsp; — |
| Other income—unaffiliated | &nbsp;&nbsp; 2124232 | &nbsp;&nbsp;&nbsp; 1563 |
| Total investment income | &nbsp;&nbsp; 5182950734 | &nbsp;&nbsp;&nbsp; 237160 |
| EXPENSES |  |  |
| Investment advisory | &nbsp;&nbsp; 39128594 | &nbsp;&nbsp;&nbsp; 4889 |
| Interest expense | &nbsp;&nbsp; 102 | &nbsp;&nbsp;&nbsp; — |
| Total expenses | &nbsp;&nbsp; 39128696 | &nbsp;&nbsp;&nbsp; 4889 |
| Less: |  |  |
| Investment advisory fees waived | &nbsp;&nbsp; (2974694)<br>| &nbsp;&nbsp;&nbsp; (343)<br>|
| Total expenses after fees waived | &nbsp;&nbsp; 36154002 | &nbsp;&nbsp;&nbsp; 4546 |
| Net investment income | &nbsp;&nbsp; 5146796732 | &nbsp;&nbsp;&nbsp; 232614 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |
| Net realized gain (loss) from: |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; (112806616)<br>| &nbsp;&nbsp;&nbsp; 9267 |
| Investments—affiliated | &nbsp;&nbsp; 242703 | &nbsp;&nbsp;&nbsp; — |
| In-kind redemptions—unaffiliated<sup>(b)</sup> | &nbsp;&nbsp; (59257664)<br>| &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; (171821577)<br>| &nbsp;&nbsp;&nbsp; 9267 |
| Net change in unrealized appreciation (depreciation) on: |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; 3091212004 | &nbsp;&nbsp;&nbsp; 210026 |
| Investments—affiliated | &nbsp;&nbsp; (144893)<br>| &nbsp;&nbsp;&nbsp; — |
| Foreign currency translations | &nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; 3091067127 | &nbsp;&nbsp;&nbsp; 210026 |
| Net realized and unrealized gain | &nbsp;&nbsp; 2919245550 | &nbsp;&nbsp;&nbsp; 219293 |
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | &nbsp;&nbsp; $8066042282 | &nbsp;&nbsp;&nbsp; $451907 |
| <sup>(a)</sup> For the period from December 10, 2025 (commencement of operations) to February 28, 2026. | <sup>(a)</sup> For the period from December 10, 2025 (commencement of operations) to February 28, 2026. | <sup>(a)</sup> For the period from December 10, 2025 (commencement of operations) to February 28, 2026. |
| <sup>(b)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(b)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(b)</sup> See Note 2 of the Notes to Financial Statements. |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | iShares <br>Core U.S. Aggregate Bond ETF  | iShares <br>Core U.S. Aggregate Bond ETF  | iShares <br>Total USD Fixed <br> Income Market ETF <br>|
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Period From <br>12/10/25<sup>(a)</sup> <br>to 02/28/26<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |  |
| **OPERATIONS** |  |  |  |
| Net investment income | &nbsp;&nbsp; $5146796732 | &nbsp;&nbsp;&nbsp; $4318320983 | &nbsp;&nbsp;&nbsp; $232614 |
| Net realized gain (loss) | &nbsp;&nbsp; (171821577)<br>| &nbsp;&nbsp;&nbsp; (359297543)<br>| &nbsp;&nbsp;&nbsp; 9267 |
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 3091067127 | &nbsp;&nbsp;&nbsp; 2474149366 | &nbsp;&nbsp;&nbsp; 210026 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 8066042282 | &nbsp;&nbsp;&nbsp; 6433172806 | &nbsp;&nbsp;&nbsp; 451907 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(b)</sup> <br>|  |  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (5089878196)<br>| &nbsp;&nbsp;&nbsp; (4235969878)<br>| &nbsp;&nbsp;&nbsp; (144591)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |  |
| Net increase in net assets derived from capital share transactions | &nbsp;&nbsp; 12973838251 | &nbsp;&nbsp;&nbsp; 21689128006 | &nbsp;&nbsp;&nbsp; 25031692 |
| *NET ASSETS* |  |  |  |
| Total increase in net assets | &nbsp;&nbsp; 15950002337 | &nbsp;&nbsp;&nbsp; 23886330934 | &nbsp;&nbsp;&nbsp; 25339008 |
| Beginning of year | &nbsp;&nbsp; 125527239013 | &nbsp;&nbsp;&nbsp; 101640908079 | &nbsp;&nbsp;&nbsp; — |
| End of year | &nbsp;&nbsp; $141477241350 | &nbsp;&nbsp;&nbsp; $125527239013 | &nbsp;&nbsp;&nbsp; $25339008 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Commencement of operations. <br> <sup>(b)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

Statements of Changes in Net Assets

------

Financial Highlights

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares Core U.S. Aggregate Bond ETF  | iShares Core U.S. Aggregate Bond ETF  | iShares Core U.S. Aggregate Bond ETF  | iShares Core U.S. Aggregate Bond ETF  | iShares Core U.S. Aggregate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $99.22 | &nbsp;&nbsp;&nbsp; $97.35 | &nbsp;&nbsp;&nbsp; $97.33 | &nbsp;&nbsp;&nbsp; $110.34 | &nbsp;&nbsp;&nbsp; $115.40 |
| Net investment income<sup>(a)</sup> | 3.92 | &nbsp;&nbsp;&nbsp;&nbsp;3.71 | &nbsp;&nbsp;&nbsp;&nbsp;3.23 | &nbsp;&nbsp;&nbsp;&nbsp;2.50 | &nbsp;&nbsp;&nbsp;&nbsp;1.99 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 2.15 | &nbsp;&nbsp;&nbsp;&nbsp;1.82 | &nbsp;&nbsp;&nbsp; (0.05)<br>| &nbsp;&nbsp;&nbsp; (13.11)<br>| &nbsp;&nbsp;&nbsp; (5.06)<br>|
| Net increase (decrease) from investment operations | 6.07 | &nbsp;&nbsp;&nbsp;&nbsp;5.53 | &nbsp;&nbsp;&nbsp;&nbsp;3.18 | &nbsp;&nbsp;&nbsp; (10.61)<br>| &nbsp;&nbsp;&nbsp; (3.07)<br>|
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (3.89)<br>| &nbsp;&nbsp;&nbsp; (3.66)<br>| &nbsp;&nbsp;&nbsp; (3.16)<br>| &nbsp;&nbsp;&nbsp; (2.40)<br>| &nbsp;&nbsp;&nbsp; (1.99)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $101.40 | &nbsp;&nbsp;&nbsp; $99.22 | &nbsp;&nbsp;&nbsp; $97.35 | &nbsp;&nbsp;&nbsp; $97.33 | &nbsp;&nbsp;&nbsp; $110.34 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 6.24<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.32<br> %<br>| &nbsp;&nbsp;&nbsp; (9.67 )%<sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp; (2.68)%<br>|
| **Ratios to Average Net Assets**<sup>(f)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>|
| Total expenses after fees waived | 0.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> %<br>|
| Net investment income | 3.95<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.33<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.74<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $141477241 | &nbsp;&nbsp;&nbsp; $125527239 | &nbsp;&nbsp;&nbsp; $101640908 | &nbsp;&nbsp;&nbsp; $85719356 | &nbsp;&nbsp;&nbsp; $87922461 |
| Portfolio turnover rate<sup>(g)(h)</sup> | &nbsp;&nbsp; 62<br> %<br>| &nbsp;&nbsp;&nbsp; 81<br> %<br>| &nbsp;&nbsp;&nbsp; 89<br> %<br>| &nbsp;&nbsp;&nbsp; 104<br> %<br>| &nbsp;&nbsp;&nbsp; 163<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Includes payment received from an affiliate, which had no impact on the Fund's total return. | <sup>(e)</sup> Includes payment received from an affiliate, which had no impact on the Fund's total return. | <sup>(e)</sup> Includes payment received from an affiliate, which had no impact on the Fund's total return. | <sup>(e)</sup> Includes payment received from an affiliate, which had no impact on the Fund's total return. | <sup>(e)</sup> Includes payment received from an affiliate, which had no impact on the Fund's total return. | <sup>(e)</sup> Includes payment received from an affiliate, which had no impact on the Fund's total return. |
| <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(f)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |
| <sup>(h)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(h)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(h)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(h)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(h)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(h)</sup> Includes mortgage dollar roll transactions ("MDRs"). |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights(continued)

(For a share outstanding throughout the period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | iShares <br> Total <br> USD <br> Fixed <br> Income <br> Market <br> ETF <br>|
|  | Period <br> From <br>12/10/25<sup>(a)</sup> <br>to <br> 02/28/26<br>|
| **Net asset value, beginning of period** | &nbsp;&nbsp; $50.00 |
| Net investment income<sup>(b)</sup> | 0.47 |
| Net realized and unrealized gain<sup>(c)</sup> | 0.50 |
| Net increase from investment operations | 0.97 |
| Distributions from net investment income<sup>(d)</sup> | &nbsp;&nbsp; (0.29)<br>|
| **Net asset value, end of period** | &nbsp;&nbsp; $50.68 |
| **Total Return**<sup>(e)</sup> <br>|  |
| Based on net asset value | 1.92 %<sup>(f)</sup><br>|
| **Ratios to Average Net Assets**<sup>(g)</sup> <br>|  |
| Total expenses | 0.09 %<sup>(h)</sup><br>|
| Total expenses after fees waived | 0.08 %<sup>(h)</sup><br>|
| Net investment income | 4.28 %<sup>(h)</sup><br>|
| **Supplemental Data** |  |
| Net assets, end of period (000) | &nbsp;&nbsp; $25339 |
| Portfolio turnover rate<sup>(i)(j)</sup> | &nbsp;&nbsp; 17<br> %<br>|
| <sup>(a)</sup> Commencement of operations. | <sup>(a)</sup> Commencement of operations. |
| <sup>(b)</sup> Based on average shares outstanding. | <sup>(b)</sup> Based on average shares outstanding. |
| <sup>(c)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(c)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(d)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(d)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(e)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(e)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(f)</sup> Not annualized. | <sup>(f)</sup> Not annualized. |
| <sup>(g)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(g)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(h)</sup> Annualized. | <sup>(h)</sup> Annualized. |
| <sup>(i)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(i)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |
| <sup>(j)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(j)</sup> Includes mortgage dollar roll transactions ("MDRs"). |

---

*See notes to financial statements.*

Financial Highlights

------

*Notes to Financial Statements* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***1. ORGANIZATION***

iShares Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following funds (each, a "Fund" and collectively, the "Funds"):

---

| | |
|:---|:---|
| *iShares ETF* | *Diversification* <br>*Classification* <br>|
| Core U.S. Aggregate Bond | &nbsp;&nbsp; Diversified |
| Total USD Fixed Income Market<sup>(a)</sup> | &nbsp;&nbsp; Non-diversified |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> The Fund commenced operations on December 10, 2025.

***2. SIGNIFICANT ACCOUNTING POLICIES***

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

**Investment Transactions and Income Recognition:** For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed (the "trade dates"). Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.

**Cash:** The Funds may maintain cash at their custodian which, at times may exceed United States federally insured limits. The Funds may, at times, have outstanding cash disbursements that exceed deposited cash amounts at the custodian during the reporting period. The Funds are obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statements of Operations.

**In-kind Redemptions:** For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds' tax year. These reclassifications have no effect on net assets or net asset value ("NAV") per share.

**Distributions:** Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds.

**Indemnifications:** In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds' maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

**Segment Reporting:** The Chief Financial Officer acts as the Funds' Chief Operating Decision Maker ("CODM") and is responsible for assessing performance and allocating resources with respect to each Fund. The CODM has concluded that each Fund operates as a single operating segment since each Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within each Fund's financial statements.

**Recent Accounting Standard:** The Funds adopted Financial Accounting Standards Board Update 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures ("ASU 2023-09") during the period. ASU 2023-09 enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The Funds' adoption of the new standard did not have a material impact on financial statement disclosures and did not affect each Fund's financial position or results of operations.

***3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS***

**Investment Valuation Policies:** Each Fund's investments are valued at fair value (also referred to as "market value" within the financial statements) each day that the Fund's listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Trustees of the Trust (the "Board") of each Fund has approved the designation of BlackRock Fund Advisors ("BFA"), the Funds' investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA's policies. If a security's market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA's policies and procedures as reflecting fair value. BFA has

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

formed a committee (the "Valuation Committee") to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

**Fair Value Inputs and Methodologies:** The following methods and inputs are used to establish the fair value of each Fund's assets and liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed-income investments and certain derivative instruments for which market quotations are readily available are generally valued using the last available bid price provided by independent dealers or third-party pricing services. Floating rate loan interests are valued at the mean of the bid prices from one or more independent brokers or dealers as obtained from a third-party pricing service. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots of securities in certain asset classes may trade at lower prices than institutional round lots, and the value ultimately realized when the securities are sold could differ from the prices used by a fund. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

&nbsp;&nbsp;&nbsp;&nbsp;• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day's NAV.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee in accordance with BFA's policies and procedures as reflecting fair value ("Fair Valued Investments"). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm's-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement as of the measurement date.

Fair value pricing could result in a difference between the prices used to calculate a fund's NAV and the prices used by the fund's underlying index, which in turn could result in a difference between the fund's performance and the performance of the fund's underlying index.

**Fair Value Hierarchy:** Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that each Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

***4. SECURITIES AND OTHER INVESTMENTS***

**Asset-Backed and Mortgage-Backed Securities:** Asset-backed securities are generally issued as pass-through certificates or as debt instruments. Asset-backed securities issued as pass-through certificates represent undivided fractional ownership interests in an underlying pool of assets. Asset-backed securities issued as debt instruments, which are also known as collateralized obligations, are typically issued as the debt of a special purpose entity organized solely for the purpose of owning such assets and issuing such debt. Asset-backed securities are often backed by a pool of assets representing the obligations of a number of different parties. The yield characteristics of certain asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal part of the obligations may be prepaid at any time because the underlying assets (i.e., loans) may be prepaid at any time. As a result, a decrease in interest rates in the market may result in increases in the level of prepayments as borrowers, particularly mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security will have the effect of shortening the maturity of the security. In addition, a fund may subsequently have to reinvest the proceeds at lower interest rates. If a fund has purchased such an asset-backed security at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium paid.

For mortgage pass-through securities (the "Mortgage Assets") there are a number of important differences among the agencies and instrumentalities of the U.S. Government that issue mortgage-related securities and among the securities that they issue. For example, mortgage-related securities guaranteed by Ginnie Mae are

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

guaranteed as to the timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage-related securities issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed mortgage pass-through certificates, which are solely the obligations of Freddie Mac and Fannie Mae, are not backed by or entitled to the full faith and credit of the United States, but are supported by the right of the issuer to borrow from the U.S. Treasury.

Non-agency mortgage-backed securities are securities issued by non-governmental issuers and have no direct or indirect government guarantees of payment and are subject to various risks. Non-agency mortgage loans are obligations of the borrowers thereunder only and are not typically insured or guaranteed by any other person or entity. The ability of a borrower to repay a loan is dependent upon the income or assets of the borrower. A number of factors, including a general economic downturn, acts of God, terrorism, social unrest and civil disturbances, may impair a borrower's ability to repay its loans.

**Zero-Coupon Bonds:** Zero-coupon bonds are normally issued at a significant discount from face value and do not provide for periodic interest payments. These bonds may experience greater volatility in market value than other debt obligations of similar maturity which provide for regular interest payments.

**TBA Commitments:** TBA commitments are forward agreements for the purchase or sale of securities, including mortgage-backed securities for a fixed price, with payment and delivery on an agreed upon future settlement date. The specific securities to be delivered are not identified at the trade date. However, delivered securities must meet specified terms, including issuer, rate and mortgage terms. When entering into TBA commitments, a fund may take possession of or deliver the underlying mortgage-backed securities but can extend the settlement or roll the transaction. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date, if there are expenses or delays in connection with the TBA transactions, or if the counterparty fails to complete the transaction.

To mitigate counterparty risk, a fund enters into a two-way collateral agreement for TBA transactions with certain counterparties. Under such agreement, the "in-the-money" party of a TBA transaction may at any time require the other party to pledge collateral assets (in the form of cash or securities) to offset any loss the in-the-money party would incur upon cancellation of the TBA transaction. A party is in-the-money if they are the buyer and the market value of the TBA transaction increases or if they are the seller and the market value of the TBA transaction decreases. Cash collateral received from the counterparty may be reinvested in money market funds, including those managed by the Funds' investment adviser, or its affiliates. Such collateral, if any, is noted in the Schedule of Investments and the obligation to return the collateral is presented as a liability in the Statements of Assets and Liabilities. Securities pledged as collateral by a fund, if any, are noted in the Schedule of Investments.

**Floating Rate Loan Interests:** Floating rate loan interests are typically issued to companies (the "borrower") by banks, other financial institutions, or privately and publicly offered corporations (the "lender"). Floating rate loan interests are generally non-investment grade, often involve borrowers whose financial condition is troubled or uncertain and companies that are highly leveraged or in bankruptcy proceedings. In addition, transactions in floating rate loan interests may settle on a delayed basis, which may result in proceeds from the sale not being readily available for a fund to make additional investments or meet its redemption obligations. Floating rate loan interests may include fully funded term loans or revolving lines of credit. Floating rate loan interests are typically senior in the corporate capital structure of the borrower. Floating rate loan interests generally pay interest at rates that are periodically determined by reference to a base lending rate plus a premium. Since the rates reset only periodically, changes in prevailing interest rates (and particularly sudden and significant changes) can be expected to cause some fluctuations in the NAV of a fund to the extent that it invests in floating rate loan interests. The base lending rates are generally the lending rate offered by one or more European banks, such as the Secured Overnight Financing Rate ("SOFR"), the prime rate offered by one or more U.S. banks or the certificate of deposit rate. Floating rate loan interests may involve foreign borrowers, and investments may be denominated in foreign currencies. These investments are treated as investments in debt securities for purposes of a fund's investment policies.

When a fund purchases a floating rate loan interest, it may receive a facility fee and when it sells a floating rate loan interest, it may pay a facility fee. On an ongoing basis, a fund may receive a commitment fee based on the undrawn portion of the underlying line of credit amount of a floating rate loan interest. Facility and commitment fees are typically amortized to income over the term of the loan or term of the commitment, respectively. Consent and amendment fees are recorded to income as earned. Prepayment penalty fees, which may be received by a fund upon the prepayment of a floating rate loan interest by a borrower, are recorded as realized gains. A fund may invest in multiple series or tranches of a loan. A different series or tranche may have varying terms and carry different associated risks.

Floating rate loan interests are usually freely callable at the borrower's option. A fund may invest in such loans in the form of participations in loans ("Participations") or assignments ("Assignments") of all or a portion of loans from third parties. Participations typically will result in a fund having a contractual relationship only with the lender, not with the borrower. A fund has the right to receive payments of principal, interest and any fees to which it is entitled only from the lender selling the Participation and only upon receipt by the lender of the payments from the borrower. In connection with purchasing Participations, a fund generally will have no right to enforce compliance by the borrower with the terms of the loan agreement, nor any rights of offset against the borrower. A fund may not benefit directly from any collateral supporting the loan in which it has purchased the Participation. As a result, a fund assumes the credit risk of both the borrower and the lender that is selling the Participation. A fund's investment in loan participation interests involves the risk of insolvency of the financial intermediaries who are parties to the transactions. In the event of the insolvency of the lender selling the Participation, a fund may be treated as a general creditor of the lender and may not benefit from any offset between the lender and the borrower. Assignments typically result in a fund having a direct contractual relationship with the borrower, and a fund may enforce compliance by the borrower with the terms of the loan agreement.

**Mortgage Dollar Roll Transactions:** The Funds may sell TBA mortgage-backed securities and simultaneously contract to repurchase substantially similar (i.e., same type, coupon and maturity) securities on a specific future date at an agreed upon price. During the period between the sale and repurchase, a fund is not entitled to receive interest and principal payments on the securities sold. Mortgage dollar roll transactions are treated as purchases and sales and a fund realizes gains and losses on these transactions. Mortgage dollar rolls involve the risk that the market value of the securities that a fund is required to purchase may decline below the agreed upon repurchase price of those securities.

**Securities Lending:** Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. Government.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current market value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund's Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an "MSLA") which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty's bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties' obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party's net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

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| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF and Counterparty* | *Securities Loaned* <br>*at Value*<br>| &nbsp;&nbsp; *Cash Collateral* <br>*Received*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Non-Cash Collateral* <br>*Received, at Fair Value*<sup>(a)</sup> <br>| *Net Amount* |
| Core U.S. Aggregate Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $92552981 | &nbsp;&nbsp;&nbsp; $(92552981) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Barclays Capital, Inc. | &nbsp;&nbsp; 19601102 | &nbsp;&nbsp;&nbsp; (19601102) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 2808735 | &nbsp;&nbsp;&nbsp; (2808735) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 112485022 | &nbsp;&nbsp;&nbsp; (112485022) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 218116947 | &nbsp;&nbsp;&nbsp; (218116947) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 22789097 | &nbsp;&nbsp;&nbsp; (22789097) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Deutsche Bank Securities, Inc. | &nbsp;&nbsp; 5826870 | &nbsp;&nbsp;&nbsp; (5826870) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 32521048 | &nbsp;&nbsp;&nbsp; (32521048) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| HSBC Securities (USA), Inc. | &nbsp;&nbsp; 262536 | &nbsp;&nbsp;&nbsp; (262536) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 124935255 | &nbsp;&nbsp;&nbsp; (124935255) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Jefferies LLC | &nbsp;&nbsp; 6015375 | &nbsp;&nbsp;&nbsp; (6015375) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 4047922 | &nbsp;&nbsp;&nbsp; (4047922) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 23641855 | &nbsp;&nbsp;&nbsp; (23641855) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 101474305 | &nbsp;&nbsp;&nbsp; (101474305) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Nomura Securities International, Inc. | &nbsp;&nbsp; 1924717 | &nbsp;&nbsp;&nbsp; (1924717) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 34711445 | &nbsp;&nbsp;&nbsp; (34711445) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 23789748 | &nbsp;&nbsp;&nbsp; (23789748) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 10360517 | &nbsp;&nbsp;&nbsp; (10360517) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital, Inc. | &nbsp;&nbsp; 5066859 | &nbsp;&nbsp;&nbsp; (5066859) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 29449194 | &nbsp;&nbsp;&nbsp; (29449194) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 1056503 | &nbsp;&nbsp;&nbsp; (1056503) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS AG | &nbsp;&nbsp; 876569 | &nbsp;&nbsp;&nbsp; (876569) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 1262383 | &nbsp;&nbsp;&nbsp; (1262383) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 1119484 | &nbsp;&nbsp;&nbsp; (1119484) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 31234327 | &nbsp;&nbsp;&nbsp; (31234327) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $907930796 | &nbsp;&nbsp;&nbsp; $(907930796) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund's Statements of Assets and Liabilities. 

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock Finance, Inc. BlackRock Finance, Inc.'s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES***

**Investment Advisory Fees:** Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund's assets. BFA is a California corporation indirectly owned by BlackRock, Inc. ("BlackRock"). Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to each of the following Funds, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:

---

| | |
|:---|:---|
| *iShares ETF* | *Investment Advisory Fees* |
| Core U.S. Aggregate Bond | 0.03% |
| Total USD Fixed Income Market | 0.09 |

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**Expense Waivers:** A fund may incur its pro rata share of fees and expenses attributable to its investments in other investment companies ("acquired fund fees and expenses"). The total of the investment advisory fee and acquired fund fees and expenses, if any, is a fund's total annual operating expenses. Total expenses as shown in the Statement of Operations does not include acquired fund fees and expenses.

For each of the iShares Core U.S. Aggregate Bond, and the iShares Total USD Fixed Income Market ETFs, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through June 30, 2026 and June 28, 2030, respectively, in an amount equal to the acquired fund fees and expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA or its affiliates.

These amounts are included in investment advisory fees waived in the Statement of Operations. For the year ended February 28, 2026, the amounts waived in investment advisory fees pursuant to these arrangements were as follows:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts Waived* |
| Core U.S. Aggregate Bond | &nbsp;&nbsp; $2974694 |
| Total USD Fixed Income Market | &nbsp;&nbsp; 343 |

---

**Distributor:** BlackRock Investments, LLC ("BRIL"), an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

**ETF Servicing Fees:** The Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units ("ETF Services"). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Fund does not pay BRIL for ETF Services.

**Securities Lending:** The U.S. Securities and Exchange Commission ("SEC") has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. ("BTC"), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the "collateral investment fees"). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. BlackRock Cash Funds: Institutional may impose a discretionary liquidity fee of up to 2% on all redemptions. Discretionary liquidity fees may be imposed or terminated at any time at the discretion of the board of directors of the money market fund, or its delegate, if it is determined that such fee would be, or would not be, respectively, in the best interest of the money market fund. Additionally, BlackRock Cash Funds: Institutional will impose a mandatory liquidity fee if the money market fund's total net redemptions on a single day exceed 5% of the money market fund's net assets, unless the amount of the fee is less than 0.01% of the value of the shares redeemed. BlackRock Cash Funds: Institutional will determine the size of the mandatory liquidity fee by making a good faith estimate of certain costs the money market fund would incur if it were to sell a pro rata amount of each security in the portfolio to satisfy the amount of net redemptions on that day. There is no limit to the size of a mandatory liquidity fee. If BlackRock Cash Funds: Institutional cannot estimate the costs of selling a pro rata amount of each portfolio security in good faith and supported by data, it is required to apply a default liquidity fee of 1% on the value of shares redeemed on that day.

Securities lending income is generally equal to the total of income earned from the reinvestment of cash collateral (and excludes collateral investment fees), and any fees or other payments to and from borrowers of securities. Each Fund retains a portion of the securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across the iShares ETF Complex in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 28, 2026, the Funds paid BTC the following amounts for securities lending agent services:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts* |
| Core U.S. Aggregate Bond | &nbsp;&nbsp; $933044 |

---

**Trustees and Officers:** Certain trustees and/or officers of the Trust are directors and/or officers of BlackRock or its affiliates.

**Other Transactions:** Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund's underlying index.

***6. PURCHASES AND SALES***

For the year ended February 28, 2026, purchases and sales of investments, excluding short-term securities and in-kind transactions, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *U.S. Government Securities* | *U.S. Government Securities* | *Other Securities* | *Other Securities* |
| *iShares ETF* | &nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* | &nbsp;&nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* |
| Core U.S. Aggregate Bond | &nbsp;&nbsp; $76955500534 | &nbsp;&nbsp;&nbsp; $74787841281 | &nbsp;&nbsp;&nbsp; $5146039136 | &nbsp;&nbsp;&nbsp; $5215754580 |
| Total USD Fixed Income Market | &nbsp;&nbsp; 16624111 | &nbsp;&nbsp;&nbsp; 3938671 | &nbsp;&nbsp;&nbsp; 8317251 | &nbsp;&nbsp;&nbsp; 27544 |

---

For the year ended February 28, 2026, in-kind transactions were as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *In-kind* <br>*Purchases*<br>| &nbsp;&nbsp; *In-kind* <br>*Sales*<br>|
| Core U.S. Aggregate Bond | &nbsp;&nbsp; $13649532717 | &nbsp;&nbsp;&nbsp; $3345153823 |
| Total USD Fixed Income Market | &nbsp;&nbsp; 3733346 | &nbsp;&nbsp;&nbsp; — |

---

***7. INCOME TAX INFORMATION***

Each Fund is treated as an entity separate from the Trust's other funds for federal income tax purposes. It is each Fund's policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of February 28, 2026, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds' financial statements. Management's analysis is based on the tax laws and judicial and administrative interpretations thereof in effect as of the date of these financial statements, all of which are subject to change, possibly with retroactive effect, which may impact the Funds' NAV.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 28, 2026, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Paid-in Capital* | &nbsp;&nbsp; *Accumulated* <br>*Earnings (Loss)*<br>|
| Core U.S. Aggregate Bond | &nbsp;&nbsp; $(59257665) | &nbsp;&nbsp;&nbsp; $59257665 |

---

The tax character of distributions paid was as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Year Ended* <br>*02/28/26*<br>| &nbsp;&nbsp; *Year Ended* <br>*02/28/25*<br>|
| Core U.S. Aggregate Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $5089878196 | &nbsp;&nbsp;&nbsp; $4235969878 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| *iShares ETF* | *Period Ended* <br>*02/28/26*<br>|
| Total USD Fixed Income Market |  |
| Ordinary income | &nbsp;&nbsp; $144591 |

---

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

As of February 28, 2026, the tax components of accumulated earnings (loss) were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Undistributed* <br>*Ordinary Income*<br>| &nbsp;&nbsp; *Non-expiring* <br>*Capital Loss* <br>*Carryforwards*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Net Unrealized* <br>*Gains (Losses)*<sup>(b)</sup> <br>| *Total* |
| Core U.S. Aggregate Bond | &nbsp;&nbsp; $446973942 | &nbsp;&nbsp;&nbsp; $(2130377546) | &nbsp;&nbsp;&nbsp; $(4682045589) | &nbsp;&nbsp;&nbsp; $(6365449193) |
| Total USD Fixed Income Market | &nbsp;&nbsp; 97290 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 210026 | &nbsp;&nbsp;&nbsp; 307316 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Amounts available to offset future realized capital gains.

<sup>(b)</sup> The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities, the classification of investments and TBA transactions. 

As of February 28, 2026, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Tax Cost* | &nbsp;&nbsp; *Gross Unrealized* <br>*Appreciation*<br>| &nbsp;&nbsp; *Gross Unrealized* <br>*Depreciation*<br>| &nbsp;&nbsp; *Net Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Core U.S. Aggregate Bond | &nbsp;&nbsp; $149597083845 | &nbsp;&nbsp;&nbsp; $1571467311 | &nbsp;&nbsp;&nbsp; $(6253512910) | &nbsp;&nbsp;&nbsp; $(4682045599) |
| Total USD Fixed Income Market | &nbsp;&nbsp; 26491916 | &nbsp;&nbsp;&nbsp; 242621 | &nbsp;&nbsp;&nbsp; (32595) | &nbsp;&nbsp;&nbsp; 210026 |

---

***8. PRINCIPAL RISKS***

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject each Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund's prospectus provides details of the risks to which the Fund is subject.

BFA uses an indexing approach to try to achieve each Fund's investment objective. The Funds are not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to mandatory and discretionary liquidity fees under certain circumstances.

**Market Risk:** Each Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force each Fund to reinvest in lower yielding securities. Each Fund may also be exposed to reinvestment risk, which is the risk that income from each Fund's portfolio will decline if each Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below each Fund portfolio's current earnings rate.

Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions, credit rating downgrades, or the bankruptcy of the issuer could have a significant effect on an issuer's ability to make payments of principal and/or interest or otherwise affect the value of such securities. Municipal securities can be significantly affected by political or economic changes, including changes made in the law after issuance of the securities, as well as uncertainties in the municipal market related to, taxation, legislative changes or the rights of municipal security holders, including in connection with an issuer insolvency. Municipal securities backed by current or anticipated revenues from a specific project or specific assets can be negatively affected by the discontinuance of the tax benefits supporting the project or assets or the inability to collect revenues for the project or from the assets. Municipal securities may be less liquid than taxable bonds, and there may be less publicly available information on the financial condition of municipal security issuers than for issuers of other securities.

**Counterparty Credit Risk:** The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds' exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

**Geographic/Asset Class Risk:** A diversified portfolio, where this is appropriate and consistent with a fund's objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund's portfolio are disclosed in its Schedule of Investments.

The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative "debt ceiling." Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the Funds invest.

The Funds invest a significant portion of their assets in fixed-income securities and/or uses derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates during a period of historically low interest rates. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility, and could negatively impact the Funds' performance.

The Funds invest a significant portion of their assets in securities backed by commercial or residential mortgage loans or in issuers that hold mortgage and other asset-backed securities. When a fund concentrates its investments in this manner, it assumes a greater risk of prepayment or payment extension by securities issuers. Changes in economic conditions, including delinquencies and/or defaults on assets underlying these securities, can affect the value, income and/or liquidity of such positions. Investment percentages in these securities are presented in the Schedule of Investments.

**Significant Shareholder Redemption Risk:** Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund's NAV, increase the fund's brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

***9. CAPITAL SHARE TRANSACTIONS***

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof ("Creation Units") at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

Transactions in capital shares were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Year Ended <br>02/28/26 | Year Ended <br>02/28/26 | Year Ended <br>02/28/25 | Year Ended <br>02/28/25 |
| *iShares ETF* | *Shares* | *Amount* | *Shares* | *Amount* |
| Core U.S. Aggregate Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 175600000 | &nbsp;&nbsp;&nbsp; $17446097703 | &nbsp;&nbsp;&nbsp; 282200000 | &nbsp;&nbsp;&nbsp; $27698909724 |
| Shares redeemed | &nbsp;&nbsp; (45400000)<br>| &nbsp;&nbsp;&nbsp; (4472259452)<br>| &nbsp;&nbsp;&nbsp; (61200000)<br>| &nbsp;&nbsp;&nbsp; (6009781718)<br>|
|  | &nbsp;&nbsp; 130200000 | &nbsp;&nbsp;&nbsp; $12973838251 | &nbsp;&nbsp;&nbsp; 221000000 | &nbsp;&nbsp;&nbsp; $21689128006 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Period Ended <br>02/28/26<sup>(a)</sup>  | Period Ended <br>02/28/26<sup>(a)</sup>  |
| *iShares ETF* | *Shares* | *Amount* |
| Total USD Fixed Income Market |  |  |
| Shares sold | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; $25031692 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> The Fund commenced operations on December 10, 2025.

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to BRIL, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

To the extent applicable, to facilitate the timely settlement of orders for the Funds using a clearing facility outside of the continuous net settlement process, the Funds, at their sole discretion, may permit an Authorized Participant to post cash as collateral in anticipation of the delivery of all or a portion of the applicable Deposit Securities or Fund Securities, as further described in the applicable Authorized Participant Agreement. The collateral process is subject to a Control Agreement among the Authorized Participant, each Funds' custodian, and the Funds. In the event that the Authorized Participant fails to deliver all or a portion of the applicable Deposit Securities or Fund Securities, the Funds may exercise control over such collateral pursuant to the terms of the Control Agreement in order to purchase the applicable Deposit Securities or Fund Securities.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***10. SUBSEQUENT EVENTS***

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

2026 iShares Annual Financial Statements and Additional Information

------

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of iShares Trust and Shareholders of each of the two funds listed in the table below

***Opinions on the Financial Statements***

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (two of the funds constituting iShares Trust, hereafter collectively referred to as the "Funds") as of February 28, 2026, the related statements of operations and of changes in net assets for each of the periods indicated in the table below, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds listed in the table below as of February 28, 2026, the results of each of their operations and the changes in each of their net assets for the periods indicated in the table below, and each of the financial highlights for each of the periods indicated therein, in conformity with accounting principles generally accepted in the United States of America.

---

| |
|:---|
| iShares Core U.S. Aggregate Bond ETF<sup>(1)</sup> <br>|
| iShares Total USD Fixed Income Market ETF<sup>(2)</sup> <br>|

---

<sup>(1)</sup> Statement of operations for the year ended February 28, 2026 and statement of changes in net assets for each of the two years in the period ended February 28, 2026

<sup>(2)</sup> Statement of operations and statement of changes in net assets for the period December 10, 2025 (commencement of operations) to February 28, 2026

***Basis for Opinions***

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 21, 2026

We have served as the auditor of one or more BlackRock investment companies since 2000.

Report of Independent Registered Public Accounting Firm

------

Important Tax Information (unaudited)

The Funds hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Federal Obligation* <br>*Interest*<br>|
| Core U.S. Aggregate Bond | &nbsp;&nbsp; $2103101612 |
| Total USD Fixed Income Market | &nbsp;&nbsp; 83080 |

---

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest Dividends* |
| Core U.S. Aggregate Bond | &nbsp;&nbsp; $5146612595 |
| Total USD Fixed Income Market | &nbsp;&nbsp; 233986 |

---

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest-Related* <br>*Dividends*<br>|
| Core U.S. Aggregate Bond | &nbsp;&nbsp; $4876713826 |
| Total USD Fixed Income Market | &nbsp;&nbsp; 205454 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Additional Information

**Premium/Discount Information**

Information on the Fund's net asset value, market price, premiums and discounts, and bid-ask spreads can be found at **iShares.com**.

**Regulation under the Alternative Investment Fund Managers Directive**

The Alternative Investment Fund Managers Directive, and its United Kingdom ("UK") equivalent, (the "AIFMD") impose detailed and prescriptive obligations on fund managers established in the European Union (the "EU") and the UK. These do not currently apply to managers established outside of the EU or UK, such as BFA (the "Company"). However, the Company is required to comply with certain disclosure, reporting and transparency obligations of the AIFMD because it has registered the iShares Core U.S. Aggregate Bond ETF (the "Fund") to be marketed to investors in the EU and/or UK.

**Report on Remuneration**

BlackRock has a clear and well-defined pay-for-performance philosophy, and compensation programs which support that philosophy.

BlackRock operates a total compensation model for remuneration which includes a base salary, which is contractual, and a discretionary bonus scheme. Although all employees are eligible to receive a discretionary bonus, there is no contractual obligation to make a discretionary bonus award to any employees. For senior management and staff who have the ability to materially affect the risk profile of the Fund, a significant percentage of variable remuneration is deferred over time. All employees are subject to a clawback policy.

Remuneration decisions for employees are made once annually in January following the end of the performance year, based on BlackRock's full-year financial results and other non-financial goals and objectives. Alongside financial performance, individual total compensation is also based on strategic and operating results and other considerations such as management and leadership capabilities. No set formulas are established and no fixed benchmarks are used in determining annual incentive awards.

Annual incentive awards are paid from a bonus pool which is reviewed throughout the year by BlackRock's independent compensation committee, taking into account both actual and projected financial information together with information provided by the Enterprise Risk and Regulatory Compliance departments in relation to any activities, incidents or events that warrant consideration in making compensation decisions. Individuals are not involved in setting their own remuneration.

Each of the control functions (Enterprise Risk, Legal & Compliance, Finance, Human Resources and Internal Audit) each have their own organizational structures which are independent of the business units and therefore staff members in control functions are remunerated independently of the businesses they oversee. Functional bonus pools for those control functions are determined with reference to the performance of each individual function and the remuneration of the senior members of control functions is directly overseen by BlackRock's independent remuneration committee.

The Company is required under the AIFMD to make quantitative disclosures of remuneration. These disclosures are made in line with BlackRock's interpretation of currently available regulatory guidance on quantitative remuneration disclosures. As market or regulatory practice develops BlackRock may consider it appropriate to make changes to the way in which quantitative remuneration disclosures are calculated. Where such changes are made, this may result in disclosures in relation to a fund not being comparable to the disclosures made in the prior year, or in relation to other BlackRock fund disclosures in that same year.

Remuneration information at an individual Fund level is not readily available. Disclosures are provided in relation to (a) the staff of the Company; (b) staff who are senior management; (c) staff who have the ability to materially affect the risk profile of the Fund; and (d) staff of companies to which portfolio management and risk management has been formally delegated.

All individuals included in the aggregated figures disclosed are rewarded in line with BlackRock's remuneration policy for their responsibilities across the relevant BlackRock business area. As all individuals have a number of areas of responsibilities, only the portion of remuneration for those individuals' services attributable to the Fund is included in the aggregate figures disclosed.

Members of staff and senior management of the Company typically provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the Company and across the broader BlackRock group. Conversely, members of staff and senior management of the broader BlackRock group may provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the broader BlackRock group and of the Company. Therefore, the figures disclosed are a sum of individuals' portion of remuneration attributable to the Company according to an objective apportionment methodology which acknowledges the multiple-service nature of the Company and the broader BlackRock group. Accordingly, the figures are not representative of any individual's actual remuneration or their remuneration structure.

The amount of the total remuneration awarded to the Company's staff in respect of the Company's financial year ending December 31, 2025, was USD 10.34 million. This figure is comprised of fixed remuneration of USD 0.64 million and variable remuneration of USD 9.70 million. There was a total of 5 beneficiaries of the remuneration described above.

The amount of the aggregate remuneration awarded by the Company in respect of the Company's financial year ending December 31, 2025, to its senior management was USD 9.17 million, and to other members of its staff whose actions potentially have a material impact on the risk profile of the Company, or its funds was USD 1.17 million.

Additional Information

------

Additional Information (continued)

**Disclosures Under the EU Sustainable Finance Disclosure Regulation** 

The Fund is registered under the Alternative Investment Fund Managers Directive to be marketed to European Union ("EU") investors, as noted above. As a result, certain disclosures are required under the EU Sustainable Finance Disclosure Regulation ("SFDR").

The Fund has not been categorized under the SFDR as an "Article 8" or "Article 9" product. In addition, the Fund's investment strategy does not take into account the criteria for environmentally sustainable economic activities under the EU sustainable investment taxonomy regulation or principal adverse impacts ("PAIs") on sustainability factors under the SFDR. PAIs are identified under the SFDR as the material impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, and anti-corruption and anti-bribery matters.

**Electronic Delivery**

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at **iShares.com**. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

To enroll in electronic delivery:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Go to **icsdelivery.com**.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

**Changes in and Disagreements with Accountants** 

Not applicable.

**Proxy Results**

Not applicable.

**Remuneration Paid to Trustees, Officers, and Others** 

Because BFA has agreed in the Investment Advisory Agreements to cover all operating expenses of the Funds, subject to certain exclusions as provided for therein, BFA pays the compensation to each Independent Trustee for services to the Funds from BFA's investment advisory fees.

**Availability of Portfolio Holdings Information**

A description of the Trust's policies and procedures with respect to the disclosure of the Fund's portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets, when available, at **iShares.com**.

2026 iShares Annual Financial Statements and Additional Information

------

Board Review and Approval of Investment Advisory Contract

**iShares Total USD Fixed Income Market ETF**

Under Section 15(c) of the Investment Company Act of 1940 (the "1940 Act"), the Trust's Board of Trustees (the "Board"), including a majority of Board Members who are not "interested persons" of the Trust (as that term is defined in the 1940 Act) (the "Independent Board Members"), is required to consider the approval of the proposed Investment Advisory Agreement between the Trust and BFA (the "Advisory Agreement") on behalf of the Fund. The Independent Board Members requested, and BFA provided, such information as the Independent Board Members, with advice from independent counsel, deemed reasonably necessary to evaluate the terms of the proposed Advisory Agreement. At a meeting held on December 3-5, 2025, the Board, including the Independent Board Members, approved the selection of BFA as investment adviser and approved the proposed Advisory Agreement for the Fund, based on a review of qualitative and quantitative information provided by BFA. The Board also considered information previously provided by BFA, BlackRock Institutional Trust Company, N.A. ("BTC"), and BlackRock, Inc. ("BlackRock"), as applicable, at prior Board meetings. The Independent Board Members were advised by their independent counsel throughout the process, including about the legal standards applicable to their review. In approving the Advisory Agreement for the Fund, the Board, including the Independent Board Members, considered various factors, including: (i) the expenses of the Fund; (ii) the nature, extent and quality of the services to be provided by BFA; (iii) the costs of services to be provided to the Fund and the availability of information related to profits to be realized by BFA and its affiliates; (iv) potential economies of scale; (v) the fees and services provided for other comparable funds/accounts managed by BFA and its affiliates; and (vi) other benefits to BFA and/or its affiliates. The Board Members did not identify any particular information, or any single factor as determinative, and each Board Member may have attributed different weights to the various matters and factors considered. The material factors, considerations and conclusions that formed the basis for the Board, including the Independent Board Members, to approve the Advisory Agreement are discussed below.

**Expenses of the Fund:** The Board reviewed statistical information prepared by Broadridge Financial Solutions, Inc. ("Broadridge"), an independent provider of investment company data, regarding the expense ratio components of the Fund in comparison with the same information for other ETFs, objectively selected by Broadridge as comprising the Fund's applicable expense peer group pursuant to Broadridge's proprietary ETF methodology (the "Peer Group"). The Board was provided with a detailed description of the proprietary ETF methodology used by Broadridge to determine the Fund's Peer Group. The Board noted that, due to the limitations in providing comparable funds in the Peer Group, the statistical information provided in Broadridge's report may or may not provide meaningful direct comparisons to the Fund in all instances.

The Board also noted that the investment advisory fee rate and overall expenses (net of any waivers and reimbursements) for the Fund were within range of the median of the investment advisory fee rates and overall expenses (net of any waivers and reimbursements) of the funds in its Peer Group, excluding iShares funds.

Based on this review, the other factors considered at the meeting, and their general knowledge of ETF pricing, the Board concluded that the investment advisory fee rate and expense level of the Fund supported the Board's approval of the Advisory Agreement.

**Nature, Extent and Quality of Services to be Provided by BFA:** The Board reviewed the scope of services to be provided by BFA under the Advisory Agreement. In reviewing the scope of these services, the Board considered BFA's investment philosophy and experience, noting that BFA and its affiliates have committed significant resources over time and have made significant investments into the iShares business to support the iShares funds and their shareholders. The Board considered representations by BFA, BTC, and BlackRock that the scope and quality of services to be provided to the Fund would be similar to the scope and quality of services provided to other iShares funds. The Board also considered BFA's compliance program and its compliance record with respect to other iShares funds, including related programs implemented pursuant to regulatory requirements. In that regard, the Board noted that BFA reports to the Board about portfolio management and compliance matters on a periodic basis in connection with regularly scheduled meetings of the Board, and on other occasions as necessary and appropriate, and has provided information and made relevant officers and other employees of BFA (and its affiliates) available as needed to provide further assistance with these matters. The Board also reviewed the background and experience of the persons who will be responsible for the day-to-day management of the Fund, as well as the resources that will be available to them in managing the Fund. The Board also considered detailed presentations regarding the performance of iShares funds, investment and risk management processes and strategies, which were provided throughout the year with respect to other iShares funds, and other matters related to BFA's portfolio compliance program and other compliance programs and services, as well as BlackRock's continued investments in its ETF business.

Based on review of this information, the Board concluded that the nature, extent and quality of services to be provided to the Fund under the Advisory Agreement supported the Board's approval of the Advisory Agreement.

**Costs of Services to be Provided to the Fund and Profits to be Realized by BFA and Affiliates:** The Board did not consider the profitability of the Fund to BFA based on the fees payable under the Advisory Agreement or revenue to be received by BFA or its affiliates in connection with services to be provided to the Fund since the proposed relationship had not yet commenced. The Board noted that it expects to receive profitability information from BFA periodically following the Fund's launch and will thus be in a position to evaluate whether any new or additional breakpoints or other adjustments in Fund fees would be appropriate.

**Economies of Scale:** The Board considered information that it had previously received regarding potential economies of scale, efficiencies and scale benefits shared with the iShares funds through relatively low fee rates established at inception, breakpoints, waivers, or other fee reductions, as well as through additional investment in the iShares business and the provision of improved or additional infrastructure and services to the iShares funds and their shareholders. The Board noted that the Advisory Agreement for the Fund did not provide for any breakpoints in the Fund's investment advisory fee rate as the assets of the Fund increase. However, the Board noted that it would continue to assess the appropriateness of adding breakpoints in the future.

This consideration of potential economies of scale and the sharing of related benefits, as well as the other factors considered at the meeting, supported the Board's approval of the Advisory Agreement.

**Fees and Services Provided for Other Comparable Funds/Accounts Managed by BFA and its Affiliates:** The Board received and considered information regarding the investment advisory/management fee rates for other funds/accounts in the U.S. for which BFA (or its affiliates) provides investment advisory/management services,

Board Review and Approval of Investment Advisory Contract

------

Board Review and Approval of Investment Advisory Contract (continued)

including open-end funds registered under the 1940 Act (including sub-advised funds), collective trust funds, and institutional separate accounts (collectively, the "Other Accounts"). The Board noted that BFA and its affiliates do not manage Other Accounts with substantially the same investment objective and strategy as the Fund and that track the same index as the Fund. The Board further noted that BFA previously provided the Board with detailed information regarding how the Other Accounts (particularly institutional clients) generally differ from the iShares funds, including in terms of the different and generally more extensive character and scope of services provided to the iShares funds, as well as other significant differences. In that regard, the Board considered that the pricing of services to institutional clients is typically based on a number of factors beyond the nature and extent of the specific services to be provided and often depends on the overall relationship between the client and its affiliates and the adviser and its affiliates. In addition, the Board considered the relative complexity and inherent risks and challenges of managing and providing other services to the Fund, as a publicly traded investment vehicle, as compared to the Other Accounts, particularly those that are institutional clients, in light of differing regulatory requirements and client-imposed mandates. The Board acknowledged BFA's representation that the iShares funds are fundamentally different investment vehicles from the Other Accounts in its consideration of relevant qualitative and quantitative comparative information provided. The Board considered the "all-inclusive" nature of the Fund's advisory fee structure, and the Fund's expenses borne by BFA under this arrangement.

**Other Benefits to BFA and/or its Affiliates:** Except as noted below, the Board did not consider the other benefits or ancillary revenue to be received by BFA and/or its affiliates in connection with the services to be provided to the Fund by BFA since the proposed relationship had not yet commenced. However, the Board considered the potential payment of advisory fees and/or administration fees to BFA (or its affiliates) in connection with any investments by the Fund in other funds (including cash sweep vehicles) for which BFA (or its affiliates) provides investment advisory services and/or administration services. The Board further considered other direct benefits that might accrue to BFA, including the potential for reduction in the Fund's expenses that are borne by BFA under the "all-inclusive" management fee arrangement, due in part to the size and scope of BFA's investment operations servicing the Fund (and other funds in the iShares complex) as well as in response to a changing market environment. The Board also noted the potential revenue to be received by BFA and/or its affiliates pursuant to an agreement that would permit a service provider to use certain portions of BlackRock's technology platform to service accounts managed by BFA and/or its affiliates, including the iShares funds. The Board also considered the potential for revenue to BTC, the Fund's securities lending agent, and its affiliates in the event of any loaning of portfolio securities of the Fund. The Board also reviewed and considered information provided by BFA concerning authorized participant primary market order processing services that will be provided by BlackRock Investments, LLC ("BRIL"), an affiliate of BFA, and paid for by authorized participants under the ETF Servicing Platform. The Board noted that BFA generally does not use soft dollars or consider the value of research or other services that may be provided to BFA (including its affiliates) in selecting brokers for portfolio transactions for the Fund. The Board concluded that any such ancillary benefits would not be disadvantageous to the Fund and thus would not alter the Board's conclusion with respect to the appropriateness of approving the Advisory Agreement.

**Conclusion:** Based on a review of the factors described above, as well as such other factors as deemed appropriate by the Board, the Board, including all of the Independent Board Members, determined that the Fund's investment advisory fee rate under the Advisory Agreement do not constitute a fee that is so disproportionately large as to bear no reasonable relationship to the services to be rendered and that could not have been the product of arm's-length bargaining, and concluded to approve the Advisory Agreement.

2026 iShares Annual Financial Statements and Additional Information

------

Glossary of Terms Used in these Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGM | Assured Guaranty Municipal Corp. |
| BAB | Build America Bond |
| BAM | Build America Mutual Assurance Co. |
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury |
| ETM | Escrowed to Maturity |
| GO | General Obligation |
| GOL | General Obligation Limited |
| NPFGC | National Public Finance Guarantee Corp. |
| PIK | Payment-in-kind |
| PSF | Permanent School Fund |
| RB | Revenue Bonds |
| REIT | Real Estate Investment Trust |
| SAP | Subject to Appropriations |
| SCA | Svenska Celluosa Aktiebolaget |
| SOFR | Secured Overnight Financing Rate |
| TBA | To-Be-Announced |

---

Glossary of Terms Used in this Report

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Want to know more?

**iShares.com** \| 1-800-474-2737

**This report is intended for the Funds' shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.**

**Investing involves risk, including possible loss of principal.**

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg Index Services Limited, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. All rights reserved. **iSHARES** and **BLACKROCK** are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

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------

February 28, 2026

![](g147625img823df96d1.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; 2026 Annual Financial Statements <br> and Additional Information <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **iShares Trust** |
| • iShares Core 5-10 Year USD Bond ETF \| IMTB \| NYSE Arca |
| • iShares Core 10+ Year USD Bond ETF \| ILTB \| NYSE Arca |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Page |
| [Schedules of Investments](#xx_f207a791-879c-4cd0-896b-d411203e99ac_SOIs-Footer-iSharesReport_1)  | &nbsp;&nbsp; 3 |
| [Statements of Assets and Liabilities](#xx_f207a791-879c-4cd0-896b-d411203e99ac_FS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 83 |
| [Statements of Operations](#xx_f207a791-879c-4cd0-896b-d411203e99ac_FS-Footer-iSharesReport_2)  | &nbsp;&nbsp; 84 |
| [Statements of Changes in Net Assets](#xx_f207a791-879c-4cd0-896b-d411203e99ac_FS-Footer-iSharesReport_3)  | &nbsp;&nbsp; 85 |
| [Financial Highlights](#xx_f207a791-879c-4cd0-896b-d411203e99ac_FS-Footer-iSharesReport_4)  | &nbsp;&nbsp; 86 |
| [Notes to Financial Statements](#xx_f207a791-879c-4cd0-896b-d411203e99ac_NTFS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 88 |
| [Report of Independent Registered Public Accounting Firm](#xx_f207a791-879c-4cd0-896b-d411203e99ac_opinion-Footer-iSharesReport_1)  | &nbsp;&nbsp; 96 |
| [Important Tax Information](#xx_f207a791-879c-4cd0-896b-d411203e99ac_Tax-annual-Footer-iSharesReport_1)  | &nbsp;&nbsp; 97 |
| [Additional Information](#xx_f207a791-879c-4cd0-896b-d411203e99ac_SAI-Footer-iSharesReport_1)  | &nbsp;&nbsp; 98 |
| [Glossary of Terms Used in these Financial Statements](#xx_f207a791-879c-4cd0-896b-d411203e99ac_Abbreviations-Footer-iSharesReport_1)  | &nbsp;&nbsp; 99 |

---

------

Schedule of Investments

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** |
| **Mortgage-Backed Securities — 0.7%** | **Mortgage-Backed Securities — 0.7%** | **Mortgage-Backed Securities — 0.7%** |
| BBCMS Mortgage Trust, 5.40%, 09/15/57 | &nbsp;&nbsp; $250 | &nbsp;&nbsp; $264294 |
| Benchmark Mortgage Trust, Series 2018-B4, <br> Class A5, 4.12%, 07/15/51<sup>(a)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 199828 |
| Federal Home Loan Mortgage Corp. |  |  |
| 4.40%, 06/25/35<sup>(a)</sup> | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 101438 |
| 5.00%, 02/25/35<sup>(a)</sup> | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 105939 |
| Federal Home Loan Mortgage Corp. Multifamily <br> Structured Pass-Through Certificates, 4.50%, <br> 07/25/33<sup>(a)</sup><br>| &nbsp;&nbsp; 500 | &nbsp;&nbsp; 514007 |
| Morgan Stanley Capital I Trust |  |  |
| 2.32%, 10/15/54 | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 226745 |
| Series 2021-L7, Class A5, 2.57%, 10/15/54 | &nbsp;&nbsp; 500 | &nbsp;&nbsp; 455466 |
|  |  | &nbsp;&nbsp; 1867717 |
| **Total Collateralized Mortgage Obligations — 0.7%** <br>**(Cost: $1,798,489)** | **Total Collateralized Mortgage Obligations — 0.7%** <br>**(Cost: $1,798,489)** | &nbsp;&nbsp; 1867717 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.1%** | **Advertising — 0.1%** | **Advertising — 0.1%** |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| 7.13%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10564 |
| 7.50%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10795 |
| Dotdash Meredith, Inc., 7.63%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23130 |
| Lamar Media Corp. |  |  |
| 3.63%, 01/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4729 |
| 5.38%, 11/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10021 |
| Neptune Bidco U.S., Inc. |  |  |
| 9.50%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9800 |
| 10.38%, 05/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25237 |
| Omnicom Group, Inc. |  |  |
| 2.40%, 03/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9112 |
| 2.60%, 08/01/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22785 |
| 5.38%, 06/15/33 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9283 |
|  |  | &nbsp;&nbsp; 135456 |
| **Aerospace & Defense — 0.3%** | **Aerospace & Defense — 0.3%** | **Aerospace & Defense — 0.3%** |
| ATI, Inc. |  |  |
| 5.13%, 10/01/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5024 |
| 7.25%, 08/15/30 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10471 |
| BAE Systems PLC, 5.30%, 03/26/34<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31533 |
| Boeing Co.(The) |  |  |
| 3.25%, 02/01/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26717 |
| 3.60%, 05/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9223 |
| 6.39%, 05/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10924 |
| 6.53%, 05/01/34 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 56101 |
| Bombardier, Inc. |  |  |
| 6.75%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21102 |
| 7.00%, 06/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15798 |
| 7.25%, 07/01/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15945 |
| 7.45%, 05/01/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11229 |
| 8.75%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10710 |
| Efesto Bidco SpA Efesto U.S. LLC, 7.50%, <br> 02/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15379 |
| Embraer Netherlands Finance BV, 5.98%, 02/11/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10731 |
| General Dynamics Corp., 4.95%, 08/15/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5170 |
| General Electric Co. |  |  |
| 4.90%, 01/29/36 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20501 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 28567 |
| Goat Holdco LLC, 6.75%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15507 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| Hexcel Corp., 5.88%, 02/26/35 | &nbsp;&nbsp; $5 | &nbsp;&nbsp; $5326 |
| L3Harris Technologies, Inc. |  |  |
| 4.85%, 04/27/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10096 |
| 5.35%, 06/01/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20883 |
| 5.40%, 07/31/33 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 47395 |
| Lockheed Martin Corp. |  |  |
| 4.75%, 02/15/34 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 46172 |
| 4.80%, 08/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10234 |
| 5.00%, 08/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20668 |
| Northrop Grumman Corp. |  |  |
| 4.70%, 03/15/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40853 |
| 5.25%, 07/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10472 |
| RTX Corp. |  |  |
| 2.38%, 03/15/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 36060 |
| 5.15%, 02/27/33 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 62781 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 54219 |
| 6.10%, 03/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27629 |
| TransDigm, Inc. |  |  |
| 6.00%, 01/15/33<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30548 |
| 6.13%, 07/31/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10158 |
| 6.25%, 01/31/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10341 |
| 6.38%, 05/31/33<sup>(b)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51069 |
| 6.63%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36247 |
| 6.75%, 01/31/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10382 |
| 6.88%, 12/15/30<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36423 |
| 7.13%, 12/01/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15720 |
|  |  | &nbsp;&nbsp; 914308 |
| **Agriculture — 0.2%** | **Agriculture — 0.2%** | **Agriculture — 0.2%** |
| Altria Group, Inc. |  |  |
| 2.45%, 02/04/32 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 53837 |
| 5.25%, 08/06/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20490 |
| 5.63%, 02/06/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15761 |
| Archer-Daniels-Midland Co. |  |  |
| 4.50%, 08/15/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30336 |
| 5.38%, 09/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26624 |
| BAT Capital Corp. |  |  |
| 2.73%, 03/25/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23275 |
| 4.63%, 03/22/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5018 |
| 4.74%, 03/16/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15258 |
| 5.63%, 08/15/35<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21085 |
| 6.00%, 02/20/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16251 |
| 6.42%, 08/02/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 33317 |
| 7.75%, 10/19/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 23562 |
| Bunge Ltd. Finance Corp. |  |  |
| 2.75%, 05/14/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9305 |
| 3.20%, 04/21/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9515 |
| 4.65%, 09/17/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9947 |
| 5.15%, 08/04/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15377 |
| Cargill, Inc. |  |  |
| 2.13%, 11/10/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8993 |
| 4.00%, 06/22/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24605 |
| 5.13%, 10/11/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31472 |
| 5.13%, 02/11/35<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10411 |
| Philip Morris International, Inc. |  |  |
| 4.25%, 10/29/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24929 |
| 4.63%, 10/29/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24735 |
| 4.88%, 04/30/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25384 |
| 5.25%, 02/13/34 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 62828 |
| 5.38%, 02/15/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 52744 |
| 5.75%, 11/17/32 | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 91662 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| Reynolds American, Inc., 5.70%, 08/15/35 | &nbsp;&nbsp; $10 | &nbsp;&nbsp; $10547 |
|  |  | &nbsp;&nbsp; 697268 |
| **Airlines — 0.0%** | **Airlines — 0.0%** | **Airlines — 0.0%** |
| American Airlines Pass-Through Trust |  |  |
| Series 2019-1, Class AA, 3.15%, 08/15/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3200 |
| Series A, Class A, 2.88%, 01/11/36 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7447 |
| AS Mileage Plan IP Ltd., 5.31%, 10/20/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5097 |
| British Airways Pass-Through Trust |  |  |
| Class A, 2.90%, 09/15/36<sup>(b)</sup> | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7393 |
| Series 2019-1, Class AA, 3.30%, 06/15/34<sup>(b)(c)</sup> | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10244 |
| JetBlue Airways Corp/JetBlue Loyalty LP, 9.88%, <br> 09/20/31<sup>(b)</sup><br>| &nbsp;&nbsp; 44 | &nbsp;&nbsp; 44666 |
| JetBlue Pass-Through Trust |  |  |
| Series 1A, 4.00%, 05/15/34<sup>(c)</sup> | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6439 |
| Series 2019-1, Class AA, 2.75%, 11/15/33 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 9716 |
| Southwest Airlines Co., 5.25%, 11/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24802 |
| United Airlines Pass-Through Trust |  |  |
| Series 2019, Class AA, 4.15%, 02/25/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3020 |
| Series 2019-2, Class AA, 2.70%, 11/01/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3404 |
|  |  | &nbsp;&nbsp; 125428 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| Beach Acquisition Bidco LLC, 10.00%, 07/15/33, <br> (10.00 % Cash / 10.75 % PIK)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 53 | &nbsp;&nbsp; 58237 |
| Champ Acquisition Corp., 8.38%, 12/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10675 |
| Crocs, Inc., 4.13%, 08/15/31<sup>(b)</sup> | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7474 |
| Levi Strauss & Co., 3.50%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9380 |
| Tapestry, Inc. |  |  |
| 3.05%, 03/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23207 |
| 5.50%, 03/11/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15552 |
| VF Corp., 6.00%, 10/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5110 |
|  |  | &nbsp;&nbsp; 129635 |
| **Auto Manufacturers — 0.5%** | **Auto Manufacturers — 0.5%** | **Auto Manufacturers — 0.5%** |
| Allison Transmission, Inc. |  |  |
| 3.75%, 01/30/31<sup>(b)</sup> | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16153 |
| 5.88%, 12/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15322 |
| American Honda Finance Corp. |  |  |
| 4.90%, 01/10/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15233 |
| 5.05%, 07/10/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20722 |
| 5.10%, 01/08/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25213 |
| 5.20%, 03/05/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15344 |
| BMW U.S. Capital LLC |  |  |
| 1.95%, 08/12/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17696 |
| 2.55%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13818 |
| 3.70%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9617 |
| 4.85%, 08/13/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15357 |
| 5.15%, 08/11/33<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10352 |
| 5.15%, 04/02/34<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10307 |
| 5.20%, 08/11/35<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15353 |
| 5.40%, 03/21/35<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10442 |
| Cummins, Inc. |  |  |
| 5.15%, 02/20/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26099 |
| 5.30%, 05/09/35 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 47360 |
| Daimler Truck Finance North America LLC, 5.63%, <br> 01/13/35<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10503 |
| Ford Motor Co. |  |  |
| 3.25%, 02/12/32 | &nbsp;&nbsp; 88 | &nbsp;&nbsp; 79138 |
| 6.10%, 08/19/32 | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 114988 |
| 7.45%, 07/16/31 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 50255 |
| Ford Motor Credit Co. LLC |  |  |
| 3.63%, 06/17/31 | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 30746 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 6.13%, 03/08/34 | &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15510 |
| 6.50%, 02/07/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10495 |
| General Motors Co. |  |  |
| 5.00%, 04/01/35<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19856 |
| 5.60%, 10/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26341 |
| 6.25%, 04/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26815 |
| General Motors Financial Co., Inc. |  |  |
| 2.70%, 06/10/31 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 17445 |
| 3.10%, 01/12/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 41593 |
| 5.45%, 09/06/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20534 |
| 5.90%, 01/07/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26270 |
| 5.95%, 04/04/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31833 |
| 6.10%, 01/07/34 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 48178 |
| 6.15%, 07/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21396 |
| 6.40%, 01/09/33 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 31560 |
| Honda Motor Co. Ltd. |  |  |
| 2.97%, 03/10/32 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 46316 |
| 5.34%, 07/08/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25877 |
| Hyundai Capital America |  |  |
| 4.75%, 09/26/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10177 |
| 4.80%, 01/10/33<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5045 |
| 5.40%, 06/24/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5241 |
| 5.40%, 03/29/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10476 |
| 5.40%, 06/23/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26197 |
| JB Poindexter & Co., Inc., 8.75%, 12/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10372 |
| Mercedes-Benz Finance North America LLC |  |  |
| 5.00%, 01/11/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15280 |
| 5.13%, 08/01/34<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5123 |
| Nissan Motor Co. Ltd. |  |  |
| 4.81%, 09/17/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 47548 |
| 7.75%, 07/17/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5342 |
| 8.13%, 07/17/35<sup>(b)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 54480 |
| PACCAR Financial Corp., 5.00%, 03/22/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10381 |
| Stellantis Finance U.S., Inc. |  |  |
| 2.69%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4372 |
| 6.38%, 09/12/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5217 |
| 6.45%, 03/18/35<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15499 |
| Toyota Motor Corp., 5.05%, 06/30/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20815 |
| Toyota Motor Credit Corp. |  |  |
| 2.40%, 01/13/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9087 |
| 4.60%, 10/10/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25559 |
| 4.65%, 09/03/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10204 |
| 4.70%, 01/12/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15337 |
| 4.80%, 01/05/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30728 |
| 5.10%, 03/21/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15693 |
| 5.35%, 01/09/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31755 |
| Series B, 4.80%, 01/11/36 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35310 |
| Volkswagen Group of America Finance LLC |  |  |
| 5.60%, 03/22/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10415 |
| 5.80%, 03/27/35<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5243 |
|  |  | &nbsp;&nbsp; 1420933 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Adient Global Holdings Ltd. |  |  |
| 7.50%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15703 |
| 8.25%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10450 |
| American Axle & Manufacturing, Inc. |  |  |
| 6.38%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15271 |
| 7.75%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15240 |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.25%, 03/01/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28371 |
| 5.15%, 09/13/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20513 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** |
| BorgWarner, Inc., 5.40%, 08/15/34 | &nbsp;&nbsp; $10 | &nbsp;&nbsp; $10388 |
| Clarios Global LP/Clarios U.S. Finance Co., 6.75%, <br> 09/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15572 |
| Dana, Inc. |  |  |
| 4.25%, 09/01/30 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2878 |
| 4.50%, 02/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4765 |
| Garrett Motion Holdings, Inc./Garrett LX I SARL, <br> 7.75%, 05/31/32<sup>(b)</sup><br>| &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14796 |
| Goodyear Tire & Rubber Co.(The) |  |  |
| 5.25%, 04/30/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9588 |
| 5.25%, 07/15/31 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13339 |
| 5.63%, 04/30/33<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9473 |
| IHO Verwaltungs GmbH |  |  |
| 7.75%, 11/15/30, (7.75 % Cash)<sup>(b)(d)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10510 |
| 8.00%, 11/15/32, (8.00 % Cash)<sup>(b)(d)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10669 |
| Lear Corp., 2.60%, 01/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22696 |
| Magna International, Inc. |  |  |
| 5.50%, 03/21/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10516 |
| 5.88%, 06/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10713 |
| Phinia, Inc., 6.63%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5195 |
| Qnity Electronics, Inc. |  |  |
| 5.75%, 08/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20464 |
| 6.25%, 08/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10390 |
| ZF North America Capital, Inc. |  |  |
| 6.88%, 04/23/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15051 |
| 7.50%, 03/24/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20600 |
|  |  | &nbsp;&nbsp; 323151 |
| **Banks — 4.7%** | **Banks — 4.7%** | **Banks — 4.7%** |
| Australia & New Zealand Banking Group Ltd., <br> 5.20%, 09/30/35, (1-year CMT + 1.47%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30524 |
| Banco Bilbao Vizcaya Argentaria SA, 6.03%, <br> 03/13/35, (1-year CMT + 1.95%)<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16041 |
| Banco Santander SA |  |  |
| 2.96%, 03/25/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18692 |
| 6.03%, 01/17/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21541 |
| Bangkok Bank PCL/Hong Kong, 6.06%, 03/25/40, <br> (5-year CMT + 1.78%)<sup>(a)(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 208295 |
| Bank of America Corp. |  |  |
| 2.30%, 07/21/32, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | &nbsp;&nbsp; 81118 |
| 2.48%, 09/21/36, (5-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 48590 |
| 2.57%, 10/20/32, (1-day SOFR + 1.21%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 68250 |
| 2.69%, 04/22/32, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 69467 |
| 2.97%, 02/04/33, (1-day SOFR + 1.33%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 87766 |
| 3.85%, 03/08/37, (5-year CMT + 2.00%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28386 |
| 4.57%, 04/27/33, (1-day SOFR + 1.83%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 95435 |
| 5.02%, 07/22/33, (1-day SOFR + 2.16%)<sup>(a)</sup> | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 102812 |
| 5.05%, 02/06/37, (1-day SOFR + 1.13%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50706 |
| 5.29%, 04/25/34, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 98627 |
| 5.43%, 08/15/35, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 56310 |
| 5.46%, 05/09/36, (1-day SOFR + 1.64%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 52375 |
| 5.47%, 01/23/35, (1-day SOFR + 1.65%)<sup>(a)</sup> | &nbsp;&nbsp; 135 | &nbsp;&nbsp; 141484 |
| 5.51%, 01/24/36, (1-day SOFR + 1.31%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 99583 |
| 5.52%, 10/25/35, (1-day SOFR + 1.74%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 71880 |
| 5.74%, 02/12/36, (1-day SOFR + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 62696 |
| 5.87%, 09/15/34, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 85827 |
| Series N, 2.65%, 03/11/32, (1-day SOFR + <br> 1.22%)<sup>(a)</sup><br>| &nbsp;&nbsp; 45 | &nbsp;&nbsp; 41748 |
| Bank of Montreal |  |  |
| 3.09%, 01/10/37, (5-year CMT + 1.40%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22817 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 63543 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Bank of New York Mellon Corp.(The) |  |  |
| 1.80%, 07/28/31 | &nbsp;&nbsp; $5 | &nbsp;&nbsp; $4445 |
| 2.50%, 01/26/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22896 |
| 4.71%, 02/01/34, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20244 |
| 4.97%, 04/26/34, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20515 |
| 5.06%, 07/22/32, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 83218 |
| 5.19%, 03/14/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26010 |
| 5.23%, 11/20/35, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 57187 |
| 5.32%, 06/06/36, (1-day SOFR + 1.35%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20843 |
| 5.83%, 10/25/33, (1-day SOFR Index + 2.07%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32476 |
| 6.47%, 10/25/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 33644 |
| Bank of Nova Scotia(The) |  |  |
| 2.45%, 02/02/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 40723 |
| 4.74%, 11/10/32, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25424 |
| 4.81%, 02/02/34, (1-day SOFR + 1.05%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25288 |
| 5.65%, 02/01/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42772 |
| Barclays PLC |  |  |
| 5.34%, 09/10/35, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10224 |
| 5.79%, 02/25/36, (1-day SOFR + 1.59%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20945 |
| 6.22%, 05/09/34, (1-day SOFR + 2.98%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 216149 |
| Blackstone Reg Finance Co. LLC, 5.00%, 12/06/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10012 |
| BNP Paribas SA |  |  |
| 2.87%, 04/19/32, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 185050 |
| 3.13%, 01/20/33, (1-day SOFR + 1.56%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13863 |
| 5.74%, 02/20/35, (1-day SOFR + 1.88%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10591 |
| 5.79%, 01/13/33, (1-day SOFR + 1.62%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15882 |
| 5.89%, 12/05/34, (1-day SOFR + 1.87%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10718 |
| BPCE SA |  |  |
| 5.94%, 05/30/35, (1-day SOFR + 1.85%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 263802 |
| 7.00%, 10/19/34, (1-day SOFR + 2.59%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11262 |
| CaixaBank SA |  |  |
| 5.58%, 07/03/36, (1-day SOFR + 1.79%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5187 |
| 6.04%, 06/15/35, (1-day SOFR + 2.26%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10733 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.60%, 04/07/32 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 15397 |
| 6.09%, 10/03/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27399 |
| Citibank N.A., 5.57%, 04/30/34 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 53140 |
| Citigroup, Inc. |  |  |
| 2.52%, 11/03/32, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 45229 |
| 2.56%, 05/01/32, (1-day SOFR + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 135 | &nbsp;&nbsp; 123630 |
| 3.06%, 01/25/33, (1-day SOFR + 1.35%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 55501 |
| 3.79%, 03/17/33, (1-day SOFR + 1.94%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | &nbsp;&nbsp; 86433 |
| 4.91%, 05/24/33, (1-day SOFR + 2.09%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 45826 |
| 5.17%, 09/11/36, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 71180 |
| 5.33%, 03/27/36, (1-day SOFR + 1.47%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 66968 |
| 5.41%, 09/19/39, (5-year CMT + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10057 |
| 5.45%, 06/11/35, (1-day SOFR + 1.45%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 67706 |
| 5.83%, 02/13/35, (1-day SOFR + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 57271 |
| 6.02%, 01/24/36, (1-day SOFR + 1.83%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 68210 |
| 6.17%, 05/25/34, (1-day SOFR + 2.66%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 74729 |
| 6.27%, 11/17/33, (1-day SOFR + 2.34%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 65818 |
| 6.63%, 06/15/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 33370 |
| Citizens Financial Group, Inc. |  |  |
| 2.64%, 09/30/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8789 |
| 5.64%, 05/21/37, (5-year CMT + 2.75%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20541 |
| 5.72%, 07/23/32, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5267 |
| 6.65%, 04/25/35, (1-day SOFR + 2.33%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16589 |
| Commonwealth Bank of Australia |  |  |
| 1.88%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17969 |
| 2.69%, 03/11/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9221 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.84%, 03/13/34<sup>(b)</sup> | &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15961 |
| Credit Agricole SA |  |  |
| 5.37%, 03/11/34<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5246 |
| 5.86%, 01/09/36, (1-day SOFR + 1.74%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21237 |
| 6.25%, 01/10/35, (1-day SOFR + 2.67%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10621 |
| Deutsche Bank AG/New York NY, 3.74%, 01/07/33, <br> (1-day SOFR + 2.26%)<sup>(a)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23404 |
| Fifth Third Bancorp |  |  |
| 4.34%, 04/25/33, (1-day SOFR + 1.66%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14824 |
| 5.14%, 01/29/37, (1-day SOFR + 1.24%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20038 |
| Freedom Mortgage Corp., 12.25%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8703 |
| Goldman Sachs Capital I, 6.35%, 02/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32273 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 2.38%, 07/21/32, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 45087 |
| 2.62%, 04/22/32, (1-day SOFR + 1.28%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 78047 |
| 2.65%, 10/21/32, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 59153 |
| 3.10%, 02/24/33, (1-day SOFR + 1.41%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 74175 |
| 4.94%, 10/21/36, (1-day SOFR + 1.33%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 74668 |
| 5.02%, 10/23/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 111245 |
| 5.07%, 01/21/37, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 70472 |
| 5.33%, 07/23/35, (1-day SOFR + 1.55%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51493 |
| 5.39%, 02/02/41, (5-year CMT + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 49634 |
| 5.54%, 01/28/36, (1-day SOFR + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 68000 |
| 5.85%, 04/25/35, (1-day SOFR + 1.55%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 53345 |
| 6.13%, 02/15/33 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 76671 |
| 6.56%, 10/24/34, (1-day SOFR + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 83603 |
| HSBC Holdings PLC |  |  |
| 2.80%, 05/24/32, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 184545 |
| 2.87%, 11/22/32, (1-day SOFR + 1.41%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18403 |
| 4.76%, 03/29/33, (1-day SOFR + 2.53%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 200355 |
| 5.13%, 11/06/36, (1-day SOFR + 1.43%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10101 |
| 5.45%, 03/03/36, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31125 |
| 5.79%, 05/13/36, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21266 |
| 6.25%, 03/09/34, (1-day SOFR + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 218448 |
| 8.11%, 11/03/33, (1-day SOFR + 4.25%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11794 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.49%, 08/15/36, (5-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13236 |
| 5.02%, 05/17/33, (1-day SOFR + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20407 |
| 5.61%, 01/28/41, (5-year CMT + 1.35%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15068 |
| 5.71%, 02/02/35, (1-day SOFR Index + 1.87%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42071 |
| 6.14%, 11/18/39, (5-year CMT + 1.70%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5256 |
| ING Groep NV |  |  |
| 2.73%, 04/01/32, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 185747 |
| 5.55%, 03/19/35, (1-day SOFR + 1.77%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5237 |
| Intesa Sanpaolo SpA |  |  |
| 4.20%, 06/01/32, (1-year CMT + 2.60%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9659 |
| 7.20%, 11/28/33<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 34712 |
| 8.25%, 11/21/33, (1-year CMT + 4.40%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 17930 |
| JPMorgan Chase & Co. |  |  |
| 2.55%, 11/08/32, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 54636 |
| 2.58%, 04/22/32, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(a)</sup><br>| &nbsp;&nbsp; 70 | &nbsp;&nbsp; 64522 |
| 2.96%, 01/25/33, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 60234 |
| 4.59%, 04/26/33, (1-day SOFR + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50453 |
| 4.81%, 10/22/36, (1-day SOFR + 1.19%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 94725 |
| 4.90%, 01/22/37, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 45243 |
| 4.91%, 07/25/33, (1-day SOFR + 2.08%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 82048 |
| 4.95%, 10/22/35, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 71009 |
| 5.19%, 02/05/37, (1-day SOFR + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25263 |
| 5.29%, 07/22/35, (1-day SOFR + 1.46%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 114122 |
| 5.34%, 01/23/35, (1-day SOFR + 1.62%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 78100 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.35%, 06/01/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; $85 | &nbsp;&nbsp; $88953 |
| 5.50%, 01/24/36, (1-day SOFR + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 73586 |
| 5.57%, 04/22/36, (1-day SOFR + 1.68%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | &nbsp;&nbsp; 95004 |
| 5.58%, 07/23/36, (1-day SOFR + 1.64%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 83146 |
| 5.72%, 09/14/33, (1-day SOFR + 2.58%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 53004 |
| 5.77%, 04/22/35, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 85564 |
| 6.25%, 10/23/34, (1-day SOFR + 1.81%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 60456 |
| KeyCorp |  |  |
| 4.79%, 06/01/33, (1-day SOFR Index + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10052 |
| 5.31%, 01/28/37, (1-day SOFR + 1.37%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25204 |
| 6.40%, 03/06/35, (1-day SOFR + 2.42%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10891 |
| KKR Group Finance Co. XII LLC, 4.85%, <br> 05/17/32<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25000 |
| Kreditanstalt fuer Wiederaufbau |  |  |
| 4.13%, 07/15/33 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 71523 |
| 4.38%, 02/28/34 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 57019 |
| Lloyds Banking Group PLC |  |  |
| 4.98%, 08/11/33, (1-year CMT + 2.30%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20472 |
| 5.59%, 11/26/35, (1-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15773 |
| 5.68%, 01/05/35, (1-year CMT + 1.75%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10583 |
| 7.95%, 11/15/33, (1-year CMT + 3.75%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 17608 |
| M&T Bank Corp. |  |  |
| 5.05%, 01/27/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15216 |
| 5.39%, 01/16/36, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30750 |
| 6.08%, 03/13/32, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37438 |
| Macquarie Bank Ltd., 3.05%, 03/03/36, (5-year CMT <br> + 1.70%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9231 |
| Macquarie Group Ltd. |  |  |
| 2.69%, 06/23/32, (1-day SOFR + 1.44%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9190 |
| 2.87%, 01/14/33, (1-day SOFR + 1.53%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 30306 |
| 4.44%, 06/21/33, (1-day SOFR + 2.41%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 32856 |
| 5.49%, 11/09/33, (1-day SOFR + 2.87%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31635 |
| 5.89%, 06/15/34, (1-day SOFR + 2.38%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37568 |
| 6.26%, 12/07/34, (1-day SOFR + 2.30%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27520 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 5.13%, 07/20/33, (1-year CMT + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10370 |
| 5.43%, 04/17/35, (1-year CMT + 1.00%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 210015 |
| 5.62%, 04/24/36, (1-year CMT + 1.27%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5292 |
| Mizuho Financial Group, Inc. |  |  |
| 2.56%, 09/13/31 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 40827 |
| 5.67%, 09/13/33, (1-year CMT + 2.40%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 101550 |
| Morgan Stanley |  |  |
| 1.93%, 04/28/32, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 66539 |
| 2.24%, 07/21/32, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 135 | &nbsp;&nbsp; 121051 |
| 2.48%, 09/16/36, (1-day SOFR + 1.36%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 57515 |
| 2.51%, 10/20/32, (1-day SOFR + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 63446 |
| 2.94%, 01/21/33, (1-day SOFR + 1.29%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 50642 |
| 4.89%, 07/20/33, (1-day SOFR + 2.08%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25464 |
| 5.07%, 01/30/37, (1-day SOFR + 1.18%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50422 |
| 5.25%, 04/21/34, (1-day SOFR + 1.87%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 67273 |
| 5.30%, 04/20/37, (1-day SOFR + 2.62%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5123 |
| 5.31%, 01/18/41, (5-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9949 |
| 5.32%, 07/19/35, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 62081 |
| 5.42%, 07/21/34, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 78311 |
| 5.47%, 01/18/35, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 52250 |
| 5.59%, 01/18/36, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 73566 |
| 5.66%, 04/17/36, (1-day SOFR + 1.76%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 89825 |
| 5.83%, 04/19/35, (1-day SOFR + 1.58%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 64068 |
| 5.94%, 02/07/39, (5-year CMT + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36840 |
| 5.95%, 01/19/38, (5-year CMT + 2.43%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36921 |
| 6.34%, 10/18/33, (1-day SOFR + 2.56%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 60452 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.63%, 11/01/34, (1-day SOFR + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; $35 | &nbsp;&nbsp; $39262 |
| 7.25%, 04/01/32 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 92623 |
| Series I, 4.89%, 10/22/36, (1-day SOFR + <br> 1.31%)<sup>(a)</sup><br>| &nbsp;&nbsp; 75 | &nbsp;&nbsp; 74608 |
| National Australia Bank Ltd., 5.90%, 01/14/36, <br> (1-year CMT + 1.30%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21327 |
| NatWest Group PLC, 6.02%, 03/02/34, (1-year CMT <br> + 2.10%)<sup>(a)</sup><br>| &nbsp;&nbsp; 100 | &nbsp;&nbsp; 107741 |
| Norinchukin Bank (The), 2.08%, 09/22/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13295 |
| Northern Trust Corp., 5.12%, 11/19/40, (5-year CMT <br> + 1.05%)<sup>(a)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20041 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.31%, 04/23/32, (1-day SOFR + 0.98%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9109 |
| 4.63%, 06/06/33, (1-day SOFR Index + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6985 |
| 4.81%, 10/21/32, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25547 |
| 5.07%, 01/24/34, (1-day SOFR + 1.93%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25792 |
| 5.37%, 07/21/36, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 67329 |
| 5.40%, 07/23/35, (1-day SOFR + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20829 |
| 5.42%, 01/25/41, (5-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10098 |
| 5.58%, 01/29/36, (1-day SOFR + 1.39%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 52665 |
| 5.68%, 01/22/35, (1-day SOFR + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42413 |
| 5.94%, 08/18/34, (1-day SOFR + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 43190 |
| 6.04%, 10/28/33, (1-day SOFR Index + 2.14%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 48846 |
| 6.88%, 10/20/34, (1-day SOFR + 2.28%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 39731 |
| Regions Financial Corp., 5.50%, 09/06/35, (1-day <br> SOFR + 2.06%)<sup>(a)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10342 |
| Royal Bank of Canada |  |  |
| 2.30%, 11/03/31 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 59336 |
| 5.00%, 02/01/33 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 77777 |
| 5.00%, 05/02/33 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 57072 |
| 5.15%, 02/01/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42094 |
| Santander Holdings USA, Inc., 6.34%, 05/31/35, <br> (1-day SOFR + 2.14%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16160 |
| Societe Generale SA |  |  |
| 5.44%, 10/03/36, (1-day SOFR + 1.73%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5066 |
| 6.69%, 01/10/34, (1-year CMT + 2.95%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 219602 |
| Standard Chartered PLC |  |  |
| 3.27%, 02/18/36, (5-year CMT + 2.30%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13990 |
| 5.40%, 08/12/36, (1-year CMT + 1.20%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 205 | &nbsp;&nbsp; 210579 |
| 5.91%, 05/14/35, (1-year CMT + 1.45%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31894 |
| 6.10%, 01/11/35, (1-year CMT + 2.10%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10790 |
| State Street Corp. |  |  |
| 2.20%, 03/03/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22756 |
| 2.62%, 02/07/33, (1-day SOFR + 1.00%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 36393 |
| 4.16%, 08/04/33, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19735 |
| 4.42%, 05/13/33, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5017 |
| 4.68%, 10/22/32, (1-day SOFR + 1.05%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35764 |
| 4.78%, 10/23/36, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 34941 |
| 4.82%, 01/26/34, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40780 |
| 5.15%, 02/28/36, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36025 |
| 5.16%, 05/18/34, (1-day SOFR + 1.89%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15565 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 5.25%, 07/08/36, (1-day SOFR + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 206910 |
| 5.56%, 07/09/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26455 |
| 5.77%, 01/13/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16093 |
| Sumitomo Mitsui Trust Bank Ltd., 5.05%, <br> 03/13/35<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10282 |
| Toronto-Dominion Bank(The) |  |  |
| 2.00%, 09/10/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18036 |
| 2.45%, 01/12/32 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 54417 |
| 3.20%, 03/10/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 42386 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.46%, 06/08/32 | &nbsp;&nbsp; $55 | &nbsp;&nbsp; $55410 |
| 4.93%, 10/15/35 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 55475 |
| 5.30%, 01/30/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26288 |
| Truist Financial Corp. |  |  |
| 4.92%, 07/28/33, (1-day SOFR + 2.24%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25213 |
| 4.96%, 10/23/36, (1-day SOFR + 1.40%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 54836 |
| 5.12%, 01/26/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35886 |
| 5.15%, 08/05/32, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20754 |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42351 |
| 5.87%, 06/08/34, (1-day SOFR + 2.36%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42795 |
| 6.12%, 10/28/33, (1-day SOFR + 2.30%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21692 |
| U.S. Bancorp |  |  |
| 2.49%, 11/03/36, (5-year CMT + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26552 |
| 2.68%, 01/27/33, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13646 |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30433 |
| 4.97%, 07/22/33, (1-day SOFR + 2.11%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25442 |
| 5.03%, 01/26/37, (1-day SOFR + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25241 |
| 5.42%, 02/12/36, (1-day SOFR + 1.41%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26221 |
| 5.68%, 01/23/35, (1-day SOFR + 1.86%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42501 |
| 5.84%, 06/12/34, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 64301 |
| 5.85%, 10/21/33, (1-day SOFR + 2.09%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32323 |
| UBS Group AG |  |  |
| 4.99%, 08/05/33, (1-year CMT + 2.40%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 203794 |
| 5.58%, 05/09/36, (1-day SOFR + 1.76%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10426 |
| 5.70%, 02/08/35, (1-year CMT + 1.77%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15858 |
| 6.54%, 08/12/33, (1-day SOFR + 3.92%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11059 |
| UniCredit SpA, 3.13%, 06/03/32, (1-year CMT + <br> 1.55%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9356 |
| Walker & Dunlop, Inc., 6.63%, 04/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9891 |
| Wells Fargo & Co. |  |  |
| 3.35%, 03/02/33, (1-day SOFR + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 70430 |
| 4.89%, 09/15/36, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 55035 |
| 4.90%, 07/25/33, (1-day SOFR + 2.10%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 76470 |
| 4.96%, 01/23/37, (1-day SOFR + 1.10%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 65224 |
| 5.21%, 12/03/35, (1-day SOFR + 1.38%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 61548 |
| 5.38%, 02/07/35 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 57811 |
| 5.39%, 04/24/34, (1-day SOFR + 2.02%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | &nbsp;&nbsp; 109369 |
| 5.50%, 01/23/35, (1-day SOFR + 1.78%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 78519 |
| 5.56%, 07/25/34, (1-day SOFR + 1.99%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | &nbsp;&nbsp; 94653 |
| 5.61%, 04/23/36, (1-day SOFR + 1.74%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 73659 |
| 6.49%, 10/23/34, (1-day SOFR + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 83270 |
| Westpac Banking Corp. |  |  |
| 2.15%, 06/03/31 | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 77808 |
| 3.02%, 11/18/36, (5-year CMT + 1.53%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22890 |
| 5.62%, 11/20/35, (1-year CMT + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 57572 |
|  |  | &nbsp;&nbsp; 13399501 |
| **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** |
| Anheuser-Busch Companies LLC/Anheuser-Busch <br> InBev Worldwide, Inc., 4.70%, 02/01/36<br>| &nbsp;&nbsp; 100 | &nbsp;&nbsp; 100211 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 5.00%, 06/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26012 |
| 5.88%, 06/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27524 |
| Coca-Cola Co.(The) |  |  |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 35479 |
| 2.25%, 01/05/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 41016 |
| 4.65%, 08/14/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25845 |
| 5.00%, 05/13/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10524 |
| Coca-Cola Femsa SAB de CV, 5.10%, 05/06/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5147 |
| Constellation Brands, Inc. |  |  |
| 2.25%, 08/01/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13489 |
| 4.90%, 05/01/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25461 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| Diageo Investment Corp., 7.45%, 04/15/35 | &nbsp;&nbsp; $5 | &nbsp;&nbsp; $6060 |
| Keurig Dr Pepper, Inc. |  |  |
| 4.05%, 04/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14588 |
| 5.15%, 05/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20253 |
| 5.30%, 03/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30871 |
| PepsiCo Singapore Financing I Pte Ltd., 4.70%, <br> 02/16/34<br>| &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35584 |
| PepsiCo, Inc. |  |  |
| 1.95%, 10/21/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 35917 |
| 3.90%, 07/18/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24809 |
| 4.45%, 02/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10256 |
| 4.65%, 07/23/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15461 |
| 5.00%, 02/07/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25891 |
| 5.00%, 07/23/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15538 |
| Pernod Ricard International Finance LLC, 1.63%, <br> 04/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8822 |
|  |  | &nbsp;&nbsp; 554758 |
| **Biotechnology — 0.2%** | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| Amgen, Inc. |  |  |
| 2.00%, 01/15/32 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 66245 |
| 3.35%, 02/22/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 33327 |
| 4.85%, 02/19/36 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35189 |
| 5.25%, 03/02/33 | &nbsp;&nbsp; 90 | &nbsp;&nbsp; 94191 |
| Biogen, Inc., 5.75%, 05/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26649 |
| Bio-Rad Laboratories, Inc., 3.70%, 03/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23794 |
| CSL Finance PLC, 4.25%, 04/27/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29818 |
| Genmab A/S/Genmab Finance LLC |  |  |
| 6.25%, 12/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20758 |
| 7.25%, 12/15/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21218 |
| Gilead Sciences, Inc. |  |  |
| 4.60%, 09/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24965 |
| 5.10%, 06/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25868 |
| 5.25%, 10/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10553 |
| Royalty Pharma PLC |  |  |
| 2.15%, 09/02/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22335 |
| 5.20%, 09/25/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25392 |
| 5.40%, 09/02/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5170 |
|  |  | &nbsp;&nbsp; 465472 |
| **Building Materials — 0.2%** | **Building Materials — 0.2%** | **Building Materials — 0.2%** |
| AmeriTex HoldCo Intermediate LLC, 7.63%, <br> 08/15/33<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15733 |
| Amrize Finance U.S. LLC, 5.40%, 04/07/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20908 |
| Builders FirstSource, Inc. |  |  |
| 4.25%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 25742 |
| 6.38%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10285 |
| 6.38%, 03/01/34<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20587 |
| 6.75%, 05/15/35<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10443 |
| Carlisle Companies, Inc. |  |  |
| 2.20%, 03/01/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4418 |
| 5.25%, 09/15/35<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20640 |
| Carrier Global Corp., 5.90%, 03/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10808 |
| CRH America Finance, Inc., 5.00%, 02/09/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25301 |
| Eagle Materials, Inc., 2.50%, 07/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9155 |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc. |  |  |
| 6.63%, 12/15/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51766 |
| 6.75%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10423 |
| Fortune Brands Innovations, Inc. |  |  |
| 4.00%, 03/25/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9714 |
| 5.88%, 06/01/33 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 27818 |
| Jeld-Wen, Inc., 7.00%, 09/01/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 2761 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Johnson Controls International PLC/Tyco Fire & <br> Security Finance SCA<br>|  |  |
| 2.00%, 09/16/31 | &nbsp;&nbsp; $35 | &nbsp;&nbsp; $31195 |
| 4.90%, 12/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10275 |
| Knife River Corp., 7.75%, 05/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5215 |
| Martin Marietta Materials, Inc. |  |  |
| 2.40%, 07/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9102 |
| 5.15%, 12/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15474 |
| Masterbrand, Inc., 7.00%, 07/15/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15092 |
| Miter Brands Acquisition Holdco, Inc./MIWD <br> Borrower LLC, 6.75%, 04/01/32<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15130 |
| Owens Corning, 5.70%, 06/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21207 |
| Quikrete Holdings, Inc. |  |  |
| 6.38%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 83155 |
| 6.75%, 03/01/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20785 |
| Smyrna Ready Mix Concrete LLC, 8.88%, <br> 11/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21240 |
| Standard Building Solutions, Inc. |  |  |
| 5.88%, 03/15/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14964 |
| 6.25%, 08/01/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20367 |
| 6.50%, 08/15/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30907 |
| Trane Technologies Financing Ltd. |  |  |
| 5.10%, 06/13/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26051 |
| 5.25%, 03/03/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5261 |
| Vulcan Materials Co., 5.35%, 12/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15636 |
| Wilsonart LLC, 11.00%, 08/15/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8209 |
|  |  | &nbsp;&nbsp; 645767 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| Air Products and Chemicals, Inc. |  |  |
| 4.80%, 03/03/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25738 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20521 |
| Albemarle Corp., 5.05%, 06/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10196 |
| Ashland, Inc., 3.38%, 09/01/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18367 |
| Braskem Netherlands Finance BV, 7.25%, <br> 02/13/33<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 82485 |
| Celanese U.S. Holdings LLC |  |  |
| 6.75%, 04/15/33<sup>(c)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15386 |
| 7.00%, 02/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10307 |
| 7.05%, 11/15/30 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37370 |
| 7.20%, 11/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21499 |
| 7.38%, 07/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26336 |
| 7.38%, 02/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15398 |
| Cerdia Finanz GmbH, 9.38%, 10/03/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15363 |
| CF Industries, Inc. |  |  |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15259 |
| 5.30%, 11/26/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25423 |
| Chemours Co.(The) |  |  |
| 7.88%, 03/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9977 |
| 8.00%, 01/15/33<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10171 |
| Consolidated Energy Finance SA, 12.00%, <br> 02/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8610 |
| Dow Chemical Co.(The) |  |  |
| 4.25%, 10/01/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18491 |
| 5.15%, 02/15/34<sup>(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24894 |
| 6.30%, 03/15/33<sup>(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26584 |
| Eastman Chemical Co. |  |  |
| 5.63%, 02/20/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20875 |
| 5.75%, 03/08/33<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10632 |
| Ecolab, Inc. |  |  |
| 2.13%, 02/01/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22418 |
| 5.00%, 09/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25818 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| EIDP, Inc., 4.80%, 05/15/33 | &nbsp;&nbsp; $20 | &nbsp;&nbsp; $20238 |
| FMC Corp., 5.65%, 05/18/33<sup>(c)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13149 |
| Huntsman International LLC, 2.95%, 06/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8604 |
| LYB International Finance III LLC |  |  |
| 5.50%, 03/01/34<sup>(c)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40284 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10212 |
| Methanex U.S. Operations, Inc., 6.25%, <br> 03/15/32<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10351 |
| Nutrien Ltd. |  |  |
| 4.13%, 03/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9416 |
| 5.40%, 06/21/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10431 |
| Olin Corp., 6.63%, 04/01/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24427 |
| Olympus Water U.S. Holding Corp. |  |  |
| 6.75%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14783 |
| 7.25%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15354 |
| Series 144\*, 7.25%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 34859 |
| Perimeter Holdings LLC, 6.25%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10038 |
| RPM International, Inc., 2.95%, 01/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18392 |
| Sherwin-Williams Co.(The) |  |  |
| 2.20%, 03/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17749 |
| 4.80%, 09/01/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15445 |
| 5.15%, 08/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10276 |
| Solstice Advanced Materials, Inc., 5.63%, <br> 09/30/33<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5057 |
| Westlake Corp., 5.55%, 11/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25379 |
| WR Grace Holdings LLC |  |  |
| 6.63%, 08/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25269 |
| 7.00%, 08/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10174 |
| 7.38%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5127 |
| YPF SA, 7.00%, 09/30/33<sup>(e)(f)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 49413 |
|  |  | &nbsp;&nbsp; 922545 |
| **Commercial Services — 0.5%** | **Commercial Services — 0.5%** | **Commercial Services — 0.5%** |
| ADT Security Corp.(The) |  |  |
| 4.88%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14562 |
| 5.88%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15235 |
| Ashtead Capital, Inc. |  |  |
| 5.55%, 05/30/33<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5227 |
| 5.80%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15866 |
| Automatic Data Processing, Inc. |  |  |
| 4.45%, 09/09/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19966 |
| 4.75%, 05/08/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30954 |
| Avis Budget Car Rental LLC/Avis Budget <br> Finance, Inc.<br>|  |  |
| 8.00%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9915 |
| 8.38%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19672 |
| Block Financial LLC, 5.38%, 09/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4918 |
| Block, Inc. |  |  |
| 3.50%, 06/01/31<sup>(c)</sup> | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 16883 |
| 6.00%, 08/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15236 |
| 6.50%, 05/15/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41146 |
| Brink's Co. (The), 6.75%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5191 |
| Cimpress PLC, 7.38%, 09/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10074 |
| CompoSecure Holdings LLC, 5.63%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19899 |
| DP World Crescent Ltd., 5.50%, 05/08/35<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 207378 |
| Equifax, Inc., 2.35%, 09/15/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26882 |
| EquipmentShare.com, Inc. |  |  |
| 8.00%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10629 |
| 8.63%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10698 |
| ERAC USA Finance LLC |  |  |
| 4.90%, 05/01/33<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35943 |
| 5.20%, 10/30/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10389 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Garda World Security Corp. |  |  |
| 8.25%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; $25 | &nbsp;&nbsp; $25537 |
| 8.38%, 11/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20472 |
| GEO Group, Inc. (The), 10.25%, 04/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10738 |
| Global Payments, Inc. |  |  |
| 2.90%, 11/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13510 |
| 5.20%, 11/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25104 |
| 5.40%, 08/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15270 |
| 5.55%, 11/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29836 |
| Graham Holdings Co., 5.63%, 12/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15018 |
| Herc Holdings, Inc. |  |  |
| 5.75%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10138 |
| 6.00%, 03/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10058 |
| 7.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26191 |
| 7.25%, 06/15/33<sup>(b)(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26387 |
| ION Platform Finance U.S., Inc., 7.88%, 09/30/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 24117 |
| J Paul Getty Trust (The), 4.91%, 04/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10364 |
| Moody's Corp. |  |  |
| 4.25%, 08/08/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24929 |
| 5.00%, 08/05/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10295 |
| PayPal Holdings, Inc. |  |  |
| 4.40%, 06/01/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40094 |
| 5.15%, 06/01/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20361 |
| President and Fellows of Harvard College, 4.61%, <br> 02/15/35<sup>(c)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15382 |
| Quanta Services, Inc. |  |  |
| 2.35%, 01/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22330 |
| 5.10%, 08/09/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25438 |
| 5.25%, 08/09/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15542 |
| Raven Acquisition Holdings LLC, 6.88%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24026 |
| RELX Capital, Inc. |  |  |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5093 |
| 5.25%, 03/27/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15439 |
| Rollins, Inc., 5.25%, 02/24/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10281 |
| RRD Parent, Inc., 10.00%, 10/15/31, (10.00 % <br> Cash)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 8 | &nbsp;&nbsp; 13763 |
| S&P Global, Inc. |  |  |
| 2.90%, 03/01/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 41871 |
| 4.80%, 12/04/35<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5009 |
| 5.25%, 09/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5273 |
| Service Corp. International/U.S. |  |  |
| 3.38%, 08/15/30 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18819 |
| 4.00%, 05/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9560 |
| 5.75%, 10/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15295 |
| Shift4 Payments LLC/Shift4 Payments Finance Sub, <br> Inc., 6.75%, 08/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19579 |
| TR Finance LLC, 5.50%, 08/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10405 |
| Transurban Finance Co. Pty. Ltd., 2.45%, <br> 03/16/31<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18446 |
| TriNet Group, Inc., 7.13%, 08/15/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4858 |
| Triton Container International Ltd., 3.15%, <br> 06/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23110 |
| Triton Container International Ltd./TAL International <br> Container Corp., 3.25%, 03/15/32<br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9265 |
| United Rentals North America, Inc. |  |  |
| 3.75%, 01/15/32 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10388 |
| 3.88%, 02/15/31 | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 31796 |
| 4.00%, 07/15/30 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9731 |
| 5.38%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40315 |
| 6.13%, 03/15/34<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20940 |
| Valvoline, Inc., 3.63%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9295 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Verisk Analytics, Inc. |  |  |
| 5.25%, 06/05/34 | &nbsp;&nbsp; $25 | &nbsp;&nbsp; $25450 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15237 |
| Wand NewCo 3, Inc., 7.63%, 01/30/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20852 |
| WEX, Inc., 6.50%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15055 |
| Williams Scotsman, Inc., 7.38%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10465 |
|  |  | &nbsp;&nbsp; 1443390 |
| **Computers — 0.3%** | **Computers — 0.3%** | **Computers — 0.3%** |
| Accenture Capital, Inc. |  |  |
| 4.25%, 10/04/31 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 80267 |
| 4.50%, 10/04/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 34631 |
| Amentum Holdings, Inc., 7.25%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15714 |
| Apple, Inc. |  |  |
| 1.70%, 08/05/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22407 |
| 3.35%, 08/08/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29072 |
| 4.30%, 05/10/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20442 |
| 4.50%, 05/12/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25783 |
| 4.75%, 05/12/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25827 |
| Booz Allen Hamilton, Inc. |  |  |
| 5.95%, 08/04/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10261 |
| 5.95%, 04/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10148 |
| CACI International, Inc. |  |  |
| 6.38%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp; 15 |
| 6.38%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20628 |
| CGI, Inc., 2.30%, 09/14/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8899 |
| Dell International LLC/EMC Corp. |  |  |
| 4.75%, 10/06/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30235 |
| 4.85%, 02/01/35<sup>(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24827 |
| 5.10%, 02/15/36<sup>(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25067 |
| 5.30%, 04/01/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36337 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20711 |
| 5.50%, 04/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25959 |
| 5.75%, 02/01/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21233 |
| Fortinet, Inc., 2.20%, 03/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4530 |
| Fortress Intermediate 3, Inc., 7.50%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14668 |
| Hewlett Packard Enterprise Co. |  |  |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30429 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 44503 |
| 6.20%, 10/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27089 |
| HP, Inc. |  |  |
| 2.65%, 06/17/31 | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 76990 |
| 5.50%, 01/15/33<sup>(c)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30821 |
| IBM International Capital Pte Ltd., 4.90%, 02/05/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10122 |
| Insight Enterprises, Inc., 6.63%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10026 |
| International Business Machines Corp. |  |  |
| 2.72%, 02/09/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9167 |
| 4.40%, 07/27/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10000 |
| 5.00%, 02/10/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15442 |
| 5.20%, 02/10/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10322 |
| 5.88%, 11/29/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5418 |
| Kyndryl Holdings, Inc., 3.15%, 10/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 12695 |
| Leidos, Inc. |  |  |
| 5.50%, 03/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10427 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21262 |
| NetApp, Inc. |  |  |
| 5.50%, 03/17/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5211 |
| 5.70%, 03/17/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15630 |
| Science Applications International Corp., 5.88%, <br> 11/01/33<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19832 |
| Seagate Data Storage Technology Pte Ltd. |  |  |
| 4.13%, 01/15/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4799 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 5.75%, 12/01/34<sup>(b)</sup> | &nbsp;&nbsp; $10 | &nbsp;&nbsp; $10236 |
| 8.50%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5260 |
| 9.63%, 12/01/32<sup>(b)</sup> | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 13462 |
|  |  | &nbsp;&nbsp; 906804 |
| **Cosmetics & Personal Care — 0.1%** | **Cosmetics & Personal Care — 0.1%** | **Cosmetics & Personal Care — 0.1%** |
| Colgate-Palmolive Co. |  |  |
| 3.25%, 08/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9574 |
| 4.60%, 03/01/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4131 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 4.65%, 05/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20282 |
| 5.00%, 02/14/34 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51666 |
| Kenvue, Inc., 4.90%, 03/22/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36123 |
| Opal Bidco SAS, 6.50%, 03/31/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20593 |
| Perrigo Finance Unlimited Co. |  |  |
| 5.15%, 06/15/30 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9677 |
| 6.13%, 09/30/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14675 |
| Prestige Brands, Inc., 3.75%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6551 |
| Procter & Gamble Co.(The) |  |  |
| 1.95%, 04/23/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22842 |
| 2.30%, 02/01/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 32301 |
| 4.35%, 11/03/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24902 |
| 4.55%, 01/29/34<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10251 |
| 5.80%, 08/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11068 |
| Unilever Capital Corp., 1.75%, 08/12/31 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 89094 |
|  |  | &nbsp;&nbsp; 363730 |
| **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** |
| Ferguson Finance PLC, 4.65%, 04/20/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5045 |
| LKQ Corp., 6.25%, 06/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26498 |
| Mitsubishi Corp., 4.88%, 09/09/35<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5079 |
| RB Global Holdings, Inc., 7.75%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10395 |
| Resideo Funding, Inc., 6.50%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10222 |
| S&S Holdings LLC, 8.38%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9390 |
|  |  | &nbsp;&nbsp; 66629 |
| **Diversified Financial Services — 1.2%** | **Diversified Financial Services — 1.2%** | **Diversified Financial Services — 1.2%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 150 | &nbsp;&nbsp; 140121 |
| 3.40%, 10/29/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9124 |
| 4.95%, 09/10/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20047 |
| Air Lease Corp. |  |  |
| 2.88%, 01/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9070 |
| 5.20%, 07/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5128 |
| Ally Financial, Inc. |  |  |
| 5.55%, 07/31/33, (1-day SOFR + 1.78%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15118 |
| 6.18%, 07/26/35, (1-day SOFR + 2.29%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10315 |
| 6.65%, 01/17/40, (5-year CMT + 2.45%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9992 |
| 6.70%, 02/14/33<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10412 |
| 8.00%, 11/01/31 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 68110 |
| American Express Co. |  |  |
| 4.42%, 08/03/33, (1-day SOFR + 1.76%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 39941 |
| 4.80%, 10/24/36, (1-day SOFR + 1.24%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 54481 |
| 4.92%, 07/20/33, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10226 |
| 4.99%, 05/26/33, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25524 |
| 5.04%, 05/01/34, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35917 |
| 5.28%, 07/26/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 46657 |
| 5.44%, 01/30/36, (1-day SOFR Index + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26044 |
| 5.67%, 04/25/36, (1-day SOFR + 1.79%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 58211 |
| 5.92%, 04/25/35, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5340 |
| Ameriprise Financial, Inc. |  |  |
| 4.50%, 05/13/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5050 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 5.15%, 05/15/33 | &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15552 |
| 5.20%, 04/15/35<sup>(c)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15282 |
| Apollo Global Management, Inc. |  |  |
| 5.15%, 08/12/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19808 |
| 6.00%, 12/15/54, (5-year CMT + 2.17%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4806 |
| 6.38%, 11/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10883 |
| Aviation Capital Group LLC, 4.88%, 01/28/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24909 |
| Avolon Holdings Funding Ltd. |  |  |
| 4.85%, 04/01/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24819 |
| 4.95%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5009 |
| Azorra Finance Ltd., 6.25%, 02/15/34<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24609 |
| Blackstone Holdings Finance Co. LLC |  |  |
| 2.00%, 01/30/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26065 |
| 2.55%, 03/30/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13438 |
| 6.20%, 04/22/33<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32611 |
| Blue Owl Finance LLC, 4.38%, 02/15/32<sup>(c)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 32783 |
| BOC Aviation USA Corp., 4.88%, 05/03/33<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 207393 |
| Brookfield Asset Management Ltd. |  |  |
| 5.30%, 01/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24879 |
| 5.80%, 04/24/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10382 |
| Brookfield Capital Finance LLC, 6.09%, 06/14/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5305 |
| Brookfield Finance, Inc. |  |  |
| 2.72%, 04/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9207 |
| 5.33%, 01/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24936 |
| 5.68%, 01/15/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5159 |
| 6.35%, 01/05/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37921 |
| Burford Capital Global Finance LLC, 9.25%, <br> 07/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20273 |
| Capital One Financial Corp. |  |  |
| 2.36%, 07/29/32, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 39657 |
| 2.62%, 11/02/32, (1-day SOFR + 1.27%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 27180 |
| 5.20%, 09/11/36, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 49879 |
| 5.27%, 05/10/33, (1-day SOFR + 2.37%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20507 |
| 5.40%, 01/30/37, (1-day SOFR + 1.51%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25220 |
| 5.82%, 02/01/34, (1-day SOFR + 2.60%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21106 |
| 5.88%, 07/26/35, (1-day SOFR + 1.99%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26335 |
| 6.05%, 02/01/35, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31876 |
| 6.18%, 01/30/36, (1-day SOFR + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36401 |
| 6.38%, 06/08/34, (1-day SOFR + 2.86%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32531 |
| 6.70%, 11/29/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16682 |
| 7.96%, 11/02/34, (1-day SOFR + 3.37%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 29421 |
| Cboe Global Markets, Inc., 3.00%, 03/16/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9350 |
| Charles Schwab Corp.(The) |  |  |
| 1.95%, 12/01/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26581 |
| 2.30%, 05/13/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18283 |
| 2.90%, 03/03/32 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 64676 |
| 4.91%, 11/14/36, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25002 |
| 5.85%, 05/19/34, (1-day SOFR + 2.50%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37578 |
| 6.14%, 08/24/34, (1-day SOFR + 2.01%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10913 |
| Citadel LP, 6.38%, 01/23/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10583 |
| CME Group, Inc., 2.65%, 03/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4623 |
| Coinbase Global, Inc., 3.63%, 10/01/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13090 |
| CrossCountry Intermediate HoldCo LLC, 6.75%, <br> 12/01/32<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24760 |
| Focus Financial Partners LLC, 6.75%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14989 |
| Freedom Mortgage Holdings LLC |  |  |
| 6.88%, 05/01/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24123 |
| 7.88%, 04/01/33<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4929 |
| 8.38%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15129 |
| 9.13%, 05/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15545 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Intercontinental Exchange, Inc. |  |  |
| 1.85%, 09/15/32 | &nbsp;&nbsp; $50 | &nbsp;&nbsp; $43061 |
| 4.60%, 03/15/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50709 |
| Jane Street Group/JSG Finance, Inc. |  |  |
| 6.13%, 11/01/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30097 |
| 6.75%, 05/01/33<sup>(b)</sup> | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 46169 |
| 7.13%, 04/30/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25900 |
| Janus Henderson U.S. Holdings, Inc., 5.45%, <br> 09/10/34<br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10143 |
| Jefferies Finance LLC/JFIN Co-Issuer Corp., 6.63%, <br> 10/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9749 |
| Jefferies Financial Group, Inc. |  |  |
| 2.63%, 10/15/31 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 48877 |
| 2.75%, 10/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 21885 |
| 5.50%, 02/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24527 |
| Lazard Group LLC, 6.00%, 03/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5328 |
| LPL Holdings, Inc. |  |  |
| 4.38%, 05/15/31<sup>(b)</sup> | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7825 |
| 5.65%, 03/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10160 |
| 5.75%, 06/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10211 |
| 6.00%, 05/20/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10452 |
| LSEG U.S. Fin Corp., 5.30%, 03/28/34<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5161 |
| Macquarie Airfinance Holdings Ltd., 6.50%, <br> 03/26/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10779 |
| Mastercard, Inc. |  |  |
| 2.00%, 11/18/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13495 |
| 4.35%, 01/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15206 |
| 4.55%, 01/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30195 |
| 4.85%, 03/09/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15506 |
| 4.88%, 05/09/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25771 |
| 4.95%, 03/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10444 |
| Mitsubishi HC Finance America LLC, 5.66%, <br> 02/28/33<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10565 |
| Nasdaq, Inc., 5.55%, 02/15/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36876 |
| Navient Corp. |  |  |
| 5.63%, 08/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8217 |
| 7.88%, 06/15/32<sup>(c)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13961 |
| 9.38%, 07/25/30 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10122 |
| 11.50%, 03/15/31 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8490 |
| Nomura Holdings, Inc., 5.78%, 07/03/34 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 212513 |
| Nuveen LLC, 5.85%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26517 |
| OneMain Finance Corp. |  |  |
| 4.00%, 09/15/30 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10155 |
| 6.50%, 03/15/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14879 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25216 |
| 6.75%, 09/15/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14890 |
| 7.13%, 11/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5115 |
| 7.13%, 09/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5113 |
| 7.50%, 05/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15486 |
| ORIX Corp. |  |  |
| 4.00%, 04/13/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4924 |
| 5.20%, 09/13/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26149 |
| Osaic Holdings, Inc. |  |  |
| 6.75%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5046 |
| 8.00%, 08/01/33<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4986 |
| PennyMac Financial Services, Inc. |  |  |
| 5.75%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11675 |
| 6.75%, 02/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9884 |
| 6.88%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20121 |
| 6.88%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15021 |
| 7.13%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15418 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Raymond James Financial, Inc., 4.90%, 09/11/35 | &nbsp;&nbsp; $25 | &nbsp;&nbsp; $24937 |
| Rocket Companies, Inc. |  |  |
| 6.13%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41013 |
| 6.38%, 08/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15511 |
| Rocket Cos., Inc., 7.13%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26136 |
| Rocket Mortgage LLC/Rocket Mortgage <br> Co-Issuer, Inc.<br>|  |  |
| 3.88%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18796 |
| 4.00%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 17443 |
| StoneX Group, Inc., 7.88%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10602 |
| Synchrony Financial |  |  |
| 2.88%, 10/28/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26922 |
| 6.00%, 07/29/36, (1-day SOFR + 2.07%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40756 |
| 7.25%, 02/02/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15825 |
| TPG Operating Group II LP |  |  |
| 5.38%, 01/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24727 |
| 5.88%, 03/05/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10347 |
| UBS Americas, Inc., 7.13%, 07/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 28811 |
| VFH Parent LLC/Valor Co-Issuer, Inc., 7.50%, <br> 06/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10438 |
| Visa, Inc. |  |  |
| 4.15%, 12/14/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29371 |
| 4.70%, 02/12/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25253 |
| Voya Financial, Inc., 5.00%, 09/20/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29751 |
| Western Union Co. (The), 2.75%, 03/15/31<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18256 |
|  |  | &nbsp;&nbsp; 3305690 |
| **Electric — 1.7%** | **Electric — 1.7%** | **Electric — 1.7%** |
| AEP Texas, Inc. |  |  |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10117 |
| 5.40%, 06/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5201 |
| AEP Transmission Co. LLC |  |  |
| 5.15%, 04/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10331 |
| 5.38%, 06/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10441 |
| AES Corp. (The), 5.80%, 03/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15635 |
| Alabama Power Co. |  |  |
| 3.05%, 03/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4693 |
| 3.94%, 09/01/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4919 |
| 5.10%, 04/02/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10357 |
| Alliant Energy Finance LLC, 3.60%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23668 |
| Alpha Generation LLC |  |  |
| 6.25%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20257 |
| 6.75%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15599 |
| Ameren Corp., 5.38%, 03/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20654 |
| American Electric Power Co., Inc. |  |  |
| 5.63%, 03/01/33 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 19082 |
| 5.95%, 11/01/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16225 |
| 6.95%, 12/15/54, (5-year CMT + 2.68%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10809 |
| American Transmission Systems, Inc., 2.65%, <br> 01/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 28 | &nbsp;&nbsp; 25597 |
| Appalachian Power Co. |  |  |
| 4.50%, 08/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10013 |
| 5.65%, 04/01/34 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 47466 |
| Arizona Public Service Co. |  |  |
| 2.20%, 12/15/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26698 |
| 5.70%, 08/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15898 |
| Baltimore Gas and Electric Co. |  |  |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10437 |
| 5.45%, 06/01/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15754 |
| Black Hills Corp. |  |  |
| 6.00%, 01/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10774 |
| 6.15%, 05/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10860 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| California Buyer Ltd./Atlantica Sustainable <br> Infrastructure PLC, 6.38%, 02/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; $10 | &nbsp;&nbsp; $9958 |
| Capital Power U.S. Holdings, Inc., 6.19%, <br> 06/01/35<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10556 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20534 |
| 5.15%, 03/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10384 |
| Series AG, 3.00%, 03/01/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13968 |
| Series ai., 4.45%, 10/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10078 |
| Series AQ, 4.95%, 08/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25398 |
| Series K2, 6.95%, 03/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11420 |
| CenterPoint Energy, Inc., Series B, 6.85%, <br> 02/15/55, (5-year CMT + 2.95%)<sup>(a)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10652 |
| Clearway Energy Operating LLC |  |  |
| 3.75%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18949 |
| 3.75%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4644 |
| 5.75%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10132 |
| CMS Energy Corp., 6.50%, 06/01/55, (5-year CMT <br> + 1.96%)<sup>(a)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26054 |
| Comision Federal de Electricidad, 3.88%, <br> 07/26/33<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 178643 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.95%, 08/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10194 |
| Series A, 2.05%, 07/01/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17973 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 2.40%, 06/15/31 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 37791 |
| 5.13%, 03/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15474 |
| 5.20%, 03/01/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15724 |
| Constellation Energy Generation LLC |  |  |
| 3.75%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16529 |
| 6.13%, 01/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27340 |
| Consumers Energy Co. |  |  |
| 3.60%, 08/15/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28894 |
| 4.63%, 05/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25334 |
| 5.05%, 05/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15445 |
| Dominion Energy South Carolina, Inc. |  |  |
| 5.30%, 05/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10538 |
| 6.63%, 02/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11242 |
| Series 2025, 5.30%, 01/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10445 |
| Dominion Energy, Inc. |  |  |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20661 |
| 6.63%, 05/15/55, (5-year CMT + 2.21%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20776 |
| Series B, 7.00%, 06/01/54, (5-year CMT + <br> 2.51%)<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16285 |
| Series F, 5.25%, 08/01/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15535 |
| DTE Electric Co. |  |  |
| 5.20%, 04/01/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26152 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31142 |
| Series A, 3.00%, 03/01/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14063 |
| DTE Energy Co., 5.85%, 06/01/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37636 |
| Duke Energy Carolinas LLC |  |  |
| 4.85%, 01/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10208 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20730 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15637 |
| Duke Energy Corp. |  |  |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 36812 |
| 4.50%, 08/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20160 |
| 4.95%, 09/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25058 |
| 5.45%, 06/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26234 |
| 5.75%, 09/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21371 |
| 6.45%, 09/01/54, (5-year CMT + 2.59%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31609 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Duke Energy Florida LLC, 2.40%, 12/15/31 | &nbsp;&nbsp; $15 | &nbsp;&nbsp; $13704 |
| Duke Energy Indiana LLC, 6.12%, 10/15/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5474 |
| Duke Energy Ohio, Inc., 5.25%, 04/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10452 |
| Duke Energy Progress LLC |  |  |
| 3.40%, 04/01/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28716 |
| 5.05%, 03/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15393 |
| 5.25%, 03/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20957 |
| Duquesne Light Holdings, Inc., 2.78%, 01/07/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9060 |
| Edison International, 5.25%, 03/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5092 |
| El Paso Electric Co., 6.00%, 05/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10578 |
| Electricite de France SA |  |  |
| 4.75%, 10/13/35<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25051 |
| 5.75%, 01/13/35<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21295 |
| Enel Finance International NV |  |  |
| 5.50%, 06/26/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15648 |
| 7.50%, 10/14/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11582 |
| Entergy Arkansas LLC, 5.15%, 01/15/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41648 |
| Entergy Louisiana LLC |  |  |
| 2.35%, 06/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13421 |
| 3.05%, 06/01/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14211 |
| 4.00%, 03/15/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 38909 |
| 5.15%, 09/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25831 |
| 5.35%, 03/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10519 |
| Entergy Texas, Inc. |  |  |
| 1.75%, 03/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4458 |
| 5.25%, 04/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25896 |
| Evergy Kansas Central, Inc. |  |  |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10263 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5409 |
| Evergy Metro, Inc., 5.40%, 04/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10563 |
| Evergy Missouri West, Inc., 5.65%, 06/01/34<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20889 |
| Eversource Energy |  |  |
| 3.38%, 03/01/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4687 |
| 5.13%, 05/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25545 |
| 5.50%, 01/01/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31131 |
| 5.85%, 04/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26587 |
| 5.95%, 07/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10684 |
| Exelon Corp. |  |  |
| 3.35%, 03/15/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28360 |
| 4.95%, 06/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10016 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24857 |
| 5.30%, 03/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10463 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 52505 |
| 5.63%, 06/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15825 |
| Florida Power & Light Co. |  |  |
| 2.45%, 02/03/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18258 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15389 |
| 4.95%, 06/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10236 |
| 5.00%, 08/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15474 |
| 5.10%, 04/01/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20810 |
| 5.30%, 06/15/34 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 47437 |
| 5.63%, 04/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5392 |
| Georgia Power Co. |  |  |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 44038 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15575 |
| 5.25%, 03/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31319 |
| Hawaiian Electric Co., Inc., 6.00%, 10/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10193 |
| Idaho Power Co., 5.20%, 08/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10423 |
| Indianapolis Power & Light Co., 5.65%, 12/01/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21187 |
| Interstate Power and Light Co. |  |  |
| 4.95%, 09/30/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20209 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.60%, 06/29/35 | &nbsp;&nbsp; $10 | &nbsp;&nbsp; $10526 |
| IPALCO Enterprises, Inc., 5.75%, 04/01/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25783 |
| ITC Holdings Corp., 5.65%, 05/09/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15792 |
| Jersey Central Power & Light Co. |  |  |
| 2.75%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18266 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15408 |
| Lightning Power LLC, 7.25%, 08/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26538 |
| Long Ridge Energy LLC, 8.75%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16107 |
| Louisville Gas and Electric Co., 5.45%, 04/15/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31688 |
| MidAmerican Energy Co. |  |  |
| 5.35%, 01/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5260 |
| 6.75%, 12/30/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 17012 |
| Narragansett Electric Co. (The), 5.35%, 05/01/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10389 |
| National Grid PLC |  |  |
| 5.42%, 01/11/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20885 |
| 5.81%, 06/12/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10687 |
| National Grid USA, 5.80%, 04/01/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5311 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| 1.35%, 03/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13105 |
| 2.75%, 04/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18371 |
| 4.15%, 12/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4940 |
| 5.00%, 08/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30963 |
| Series C, 8.00%, 03/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 12004 |
| New York State Electric & Gas Corp., 2.15%, <br> 10/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 35 | &nbsp;&nbsp; 31266 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 2.44%, 01/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18035 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15485 |
| 5.05%, 02/28/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30964 |
| 5.25%, 03/15/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36239 |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31204 |
| 6.50%, 08/15/55, (5-year CMT + 1.98%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21212 |
| 6.75%, 06/15/54, (5-year CMT + 2.46%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10639 |
| Niagara Mohawk Power Corp., 5.29%, 01/17/34<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25718 |
| NRG Energy, Inc. |  |  |
| 3.63%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 25512 |
| 3.88%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9363 |
| 5.41%, 10/15/35<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25263 |
| 5.75%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15212 |
| 6.00%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15373 |
| 6.00%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25445 |
| 6.25%, 11/01/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15513 |
| 7.00%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 38974 |
| NSTAR Electric Co. |  |  |
| 1.95%, 08/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13371 |
| 5.20%, 03/01/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20594 |
| Ohio Power Co. |  |  |
| 5.00%, 06/01/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25529 |
| 5.65%, 06/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5278 |
| Oncor Electric Delivery Co. LLC |  |  |
| 4.55%, 09/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20202 |
| 5.35%, 04/01/35<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10405 |
| 5.65%, 11/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10712 |
| 7.00%, 05/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 22782 |
| Pacific Gas and Electric Co. |  |  |
| 4.40%, 03/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19797 |
| 5.70%, 03/01/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20849 |
| 5.90%, 06/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15885 |
| 6.00%, 08/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21276 |
| 6.15%, 01/15/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42980 |
| 6.40%, 06/15/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 38122 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| PacifiCorp |  |  |
| 5.45%, 02/15/34 | &nbsp;&nbsp; $50 | &nbsp;&nbsp; $51342 |
| 7.70%, 11/15/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 34703 |
| Pampa Energia SA, 7.88%, 12/16/34<sup>(e)</sup> | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19438 |
| PECO Energy Co. |  |  |
| 4.88%, 09/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25359 |
| 4.90%, 06/15/33 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 18527 |
| Potomac Electric Power Co., 5.20%, 03/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10432 |
| PPL Capital Funding, Inc., 5.25%, 09/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15487 |
| Progress Energy, Inc., 7.75%, 03/01/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 23049 |
| PSEG Power LLC, 5.75%, 05/15/35<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10464 |
| Public Service Co. of Colorado |  |  |
| 1.88%, 06/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22254 |
| 5.15%, 09/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30638 |
| 5.35%, 05/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15619 |
| Public Service Co. of New Hampshire, Series V, <br> 2.20%, 06/15/31<br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9087 |
| Public Service Co. of Oklahoma |  |  |
| 5.20%, 01/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15295 |
| 5.45%, 01/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25905 |
| Public Service Electric and Gas Co. |  |  |
| 1.90%, 08/15/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17883 |
| 4.65%, 03/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10116 |
| 4.85%, 08/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10168 |
| Public Service Enterprise Group, Inc. |  |  |
| 2.45%, 11/15/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 27186 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15571 |
| 5.45%, 04/01/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20904 |
| 6.13%, 10/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5424 |
| Puget Energy, Inc., 5.73%, 03/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15512 |
| Puget Sound Energy, Inc., 5.33%, 06/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10415 |
| RWE Finance U.S. LLC, 5.88%, 04/16/34<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5305 |
| San Diego Gas & Electric Co. |  |  |
| 5.40%, 04/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15638 |
| Series XXX, 3.00%, 03/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9309 |
| Saudi Electricity Sukuk Programme Co., 5.49%, <br> 02/18/35<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 209121 |
| Sempra |  |  |
| 5.50%, 08/01/33 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 47393 |
| 6.40%, 10/01/54, (5-year CMT + 2.63%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15295 |
| 6.55%, 04/01/55, (5-year CMT + 2.14%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10205 |
| Southern California Edison Co. |  |  |
| 2.75%, 02/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9071 |
| 4.80%, 03/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25105 |
| 5.20%, 06/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15238 |
| 5.45%, 06/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10459 |
| 5.45%, 03/01/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20561 |
| 5.95%, 11/01/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37518 |
| Series G, 2.50%, 06/01/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18260 |
| Southern Co.(The) |  |  |
| 4.85%, 03/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14971 |
| 5.20%, 06/15/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41444 |
| 5.70%, 10/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16058 |
| 5.70%, 03/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21253 |
| Series 2025, 6.38%, 03/15/55, (5-year CMT + <br> 2.07%)<sup>(a)</sup><br>| &nbsp;&nbsp; 50 | &nbsp;&nbsp; 52350 |
| Southern Power Co., Series B, 4.90%, 10/01/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4992 |
| Southwestern Public Service Co., 5.30%, 05/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10321 |
| Tampa Electric Co., 5.15%, 03/01/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15378 |
| TransAlta Corp., 5.88%, 02/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10061 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Tucson Electric Power Co. |  |  |
| 3.25%, 05/15/32 | &nbsp;&nbsp; $10 | &nbsp;&nbsp; $9375 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10314 |
| Union Electric Co. |  |  |
| 2.15%, 03/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8902 |
| 5.20%, 04/01/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26087 |
| Virginia Electric and Power Co. |  |  |
| 2.30%, 11/15/31 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 45101 |
| 2.40%, 03/30/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 31506 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24940 |
| 5.00%, 04/01/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25685 |
| 5.00%, 01/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25517 |
| 5.05%, 08/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10200 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20475 |
| Series C, 4.90%, 09/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25072 |
| Vistra Operations Co. LLC |  |  |
| 5.25%, 10/15/35<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25081 |
| 5.35%, 01/31/36<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10073 |
| 5.70%, 12/30/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15550 |
| 6.88%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21025 |
| 6.95%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 28037 |
| 7.75%, 10/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26410 |
| Wisconsin Electric Power Co. |  |  |
| 4.60%, 10/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5032 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16178 |
| Wisconsin Power and Light Co. |  |  |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5138 |
| 5.38%, 03/30/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5212 |
| Xcel Energy, Inc. |  |  |
| 4.60%, 06/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20144 |
| 5.45%, 08/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10432 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15646 |
| 5.60%, 04/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15669 |
| XPLR Infrastructure Operating Partners LP |  |  |
| 7.75%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10365 |
| 8.38%, 01/15/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10580 |
| 8.63%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21168 |
|  |  | &nbsp;&nbsp; 4916698 |
| **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
| Emerson Electric Co. |  |  |
| 2.20%, 12/21/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 36177 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20693 |
| Energizer Holdings, Inc., 6.00%, 09/15/33<sup>(b)(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24426 |
| EnerSys, 6.63%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5166 |
| WESCO Distribution, Inc. |  |  |
| 6.38%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10433 |
| 6.63%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15595 |
|  |  | &nbsp;&nbsp; 112490 |
| **Electronics — 0.2%** | **Electronics — 0.2%** | **Electronics — 0.2%** |
| Allegion U.S. Holding Co., Inc. |  |  |
| 5.41%, 07/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20891 |
| 5.60%, 05/29/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5274 |
| Amphenol Corp. |  |  |
| 2.20%, 09/15/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 36265 |
| 4.40%, 02/15/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35080 |
| 4.63%, 02/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24835 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15384 |
| Arrow Electronics, Inc. |  |  |
| 2.95%, 02/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18107 |
| 5.88%, 04/10/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26301 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| Atkore, Inc., 4.25%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; $8 | &nbsp;&nbsp; $7670 |
| Avnet, Inc., 5.50%, 06/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10382 |
| Flex Ltd., 5.25%, 01/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10261 |
| Honeywell International, Inc. |  |  |
| 1.75%, 09/01/31 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 39821 |
| 4.50%, 01/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25106 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31275 |
| 5.00%, 03/01/35<sup>(c)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30889 |
| Hubbell, Inc., 4.80%, 11/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25124 |
| Sensata Technologies, Inc. |  |  |
| 3.75%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 24529 |
| 6.63%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10445 |
| TD SYNNEX Corp. |  |  |
| 2.65%, 08/09/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18135 |
| 5.30%, 10/10/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4972 |
| 6.10%, 04/12/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10588 |
| Trimble, Inc., 6.10%, 03/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21344 |
| Tyco Electronics Group SA |  |  |
| 2.50%, 02/04/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4550 |
| 4.88%, 02/09/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25378 |
| 5.00%, 05/09/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10238 |
| Vontier Corp., 2.95%, 04/01/31 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 20431 |
|  |  | &nbsp;&nbsp; 513275 |
| **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** |
| AECOM, 6.00%, 08/01/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20427 |
| Arcosa, Inc., 6.88%, 08/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15735 |
| Brundage-Bone Concrete Pumping Holdings, Inc., <br> 7.50%, 02/01/32<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10190 |
| CIMIC Finance USA Pty. Ltd., 7.00%, 03/25/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11004 |
| Global Infrastructure Solutions, Inc., 7.50%, <br> 04/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7388 |
| Jacobs Engineering Group, Inc., 5.90%, 03/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10539 |
| TopBuild Corp. |  |  |
| 4.13%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9513 |
| 5.63%, 01/31/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15145 |
| Weekley Homes LLC/Weekley Finance Corp., <br> 6.75%, 01/15/34<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10075 |
|  |  | &nbsp;&nbsp; 110016 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Caesars Entertainment, Inc. |  |  |
| 6.00%, 10/15/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19550 |
| 6.50%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35558 |
| Churchill Downs, Inc., 6.75%, 05/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10308 |
| Cinemark USA, Inc., 7.00%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10413 |
| Discovery Global Holdings, Inc., 4.28%, 03/15/32 | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 56046 |
| Light & Wonder International, Inc. |  |  |
| 6.25%, 10/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10035 |
| 7.50%, 09/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10435 |
| Merlin Entertainments Group U.S. Holdings, Inc., <br> 7.38%, 02/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8255 |
| Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC, 11.88%, <br> 04/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10602 |
| Motion Finco SARL, 8.38%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8008 |
| Premier Entertainment Sub LLC/Premier <br> Entertainment Finance Corp., 5.88%, 09/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 13 | &nbsp;&nbsp; 8286 |
| Rivers Enterprise Borrower LLC/Rivers Enterprise <br> Finance Corp., 6.63%, 02/01/33<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5133 |
| Six Flags Entertainment Corp., 7.25%, 05/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14732 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Entertainment (continued)** | **Entertainment (continued)** | **Entertainment (continued)** |
| Six Flags Entertainment Corp./Six Flags Theme <br> Parks, Inc./Canada's Wonderland Co., 6.63%, <br> 05/01/32<sup>(b)</sup><br>| &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15252 |
| Six Flags Entertainment Corp/Canada's Wonderland <br> Co/Millennium Operations LLC, 8.63%, <br> 01/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20227 |
| Vail Resorts, Inc., 6.50%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10349 |
| Voyager Parent LLC, 9.25%, 07/01/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42704 |
| Wynn Resorts Finance LLC/Wynn Resorts <br> Capital Corp.<br>|  |  |
| 6.25%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25535 |
| 7.13%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16205 |
|  |  | &nbsp;&nbsp; 337633 |
| **Environmental Control — 0.2%** | **Environmental Control — 0.2%** | **Environmental Control — 0.2%** |
| Clean Harbors, Inc. |  |  |
| 5.75%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10233 |
| 6.38%, 02/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10264 |
| GFL Environmental Holdings U.S., Inc., 5.50%, <br> 02/01/34<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15066 |
| GFL Environmental, Inc., 6.75%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15728 |
| Republic Services, Inc. |  |  |
| 1.75%, 02/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 21832 |
| 5.00%, 04/01/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36260 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20857 |
| 5.20%, 11/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10459 |
| Veralto Corp., 5.45%, 09/18/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10535 |
| Waste Connections, Inc. |  |  |
| 2.20%, 01/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17934 |
| 3.20%, 06/01/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14159 |
| 5.00%, 03/01/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30974 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5232 |
| Waste Management, Inc. |  |  |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 65063 |
| 4.80%, 03/15/32 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 72435 |
| 4.88%, 02/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25879 |
| 4.95%, 03/15/35 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41114 |
| Waste Pro USA, Inc., 7.00%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10413 |
| Wrangler Holdco Corp., 6.63%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10405 |
|  |  | &nbsp;&nbsp; 444842 |
| **Food — 0.6%** | **Food — 0.6%** | **Food — 0.6%** |
| Albertsons Companies, Inc./Safeway, Inc./New <br> Albertsons LP/Albertsons LLC<br>|  |  |
| 5.63%, 03/31/32<sup>(b)</sup> | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 45173 |
| 5.75%, 03/31/34<sup>(b)</sup> | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 44786 |
| 6.25%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10277 |
| Campbell's Company/The |  |  |
| 4.75%, 03/23/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14562 |
| 5.40%, 03/21/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25558 |
| Conagra Brands, Inc., 5.75%, 08/01/35<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10320 |
| Fiesta Purchaser, Inc. |  |  |
| 7.88%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10305 |
| 9.63%, 09/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10202 |
| Flowers Foods, Inc., 5.75%, 03/15/35<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9897 |
| General Mills, Inc. |  |  |
| 4.95%, 03/29/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35763 |
| 5.25%, 01/30/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15395 |
| Hershey Co.(The) |  |  |
| 4.50%, 05/04/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20356 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10494 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| Industrial F&B Investments III, Inc., 7.75%, <br> 02/11/33<sup>(b)</sup><br>| &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15393 |
| Ingles Markets, Inc., 4.00%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7576 |
| J M Smucker Co.(The) |  |  |
| 2.13%, 03/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17564 |
| 4.25%, 03/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14368 |
| 6.20%, 11/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21920 |
| JBS NV/JBS USA Foods Group Holdings, Inc./JBS <br> USA Food Co. Holdings, 5.95%, 04/20/35<br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26539 |
| JBS USA Holding Lux Sarl/JBS USA Foods Group <br> Holdings, Inc./JBS USA Food Co.<br>|  |  |
| 3.00%, 05/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18206 |
| 3.75%, 12/01/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19109 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 33631 |
| 6.75%, 03/15/34 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 42326 |
| Kellanova, 5.25%, 03/01/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15753 |
| Kraft Heinz Foods Co. |  |  |
| 4.25%, 03/01/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19978 |
| 5.40%, 03/15/35<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10315 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5573 |
| Kroger Co.(The) |  |  |
| 5.00%, 09/15/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40643 |
| 7.50%, 04/01/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 28710 |
| Lamb Weston Holdings, Inc., 4.38%, 01/31/32<sup>(b)</sup> | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 21014 |
| Mars, Inc. |  |  |
| 1.63%, 07/16/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8589 |
| 3.60%, 04/01/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9363 |
| 4.65%, 04/20/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5134 |
| 4.75%, 04/20/33<sup>(b)</sup> | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 45773 |
| 5.00%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41386 |
| 5.20%, 03/01/35<sup>(b)</sup> | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 98405 |
| McCormick & Co., Inc./MD |  |  |
| 4.70%, 10/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9993 |
| 4.95%, 04/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5126 |
| Minerva Luxembourg SA, 8.88%, 09/13/33<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 218659 |
| Mondelez International, Inc. |  |  |
| 3.00%, 03/17/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23191 |
| 4.75%, 08/28/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10072 |
| 5.13%, 05/06/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10320 |
| Nestle Capital Corp., 4.88%, 03/12/34<sup>(b)</sup> | &nbsp;&nbsp; 150 | &nbsp;&nbsp; 155624 |
| Nestle Holdings, Inc., 4.30%, 10/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10124 |
| Performance Food Group, Inc. |  |  |
| 5.63%, 03/01/34<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20071 |
| 6.13%, 09/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20553 |
| Pilgrim's Pride Corp. |  |  |
| 3.50%, 03/01/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 27994 |
| 4.25%, 04/15/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19611 |
| 6.25%, 07/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10772 |
| 6.88%, 05/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 28013 |
| Post Holdings, Inc. |  |  |
| 4.50%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23906 |
| 6.25%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15432 |
| 6.25%, 10/15/34<sup>(b)(c)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15323 |
| 6.38%, 03/01/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20373 |
| Smithfield Foods, Inc., 2.63%, 09/13/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22470 |
| Sysco Corp. |  |  |
| 2.45%, 12/14/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4537 |
| 5.38%, 09/21/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31271 |
| 5.40%, 03/23/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10443 |
| 6.00%, 01/17/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16353 |
| Tyson Foods, Inc., 5.70%, 03/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26606 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| U.S. Foods, Inc. |  |  |
| 4.63%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp; $5 | &nbsp;&nbsp; $4950 |
| 5.75%, 04/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10213 |
| 7.25%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10474 |
| Viking Baked Goods Acquisition Corp., 8.63%, <br> 11/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15190 |
|  |  | &nbsp;&nbsp; 1628020 |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| Georgia-Pacific LLC, 8.88%, 05/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 12179 |
| International Paper Co., 5.00%, 09/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20190 |
| Magnera Corp., 7.25%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19659 |
| Suzano Austria GmbH, 3.13%, 01/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22688 |
|  |  | &nbsp;&nbsp; 74716 |
| **Gas — 0.1%** | **Gas — 0.1%** | **Gas — 0.1%** |
| AltaGas Ltd., 7.20%, 10/15/54, (5-year CMT + <br> 3.57%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20953 |
| APA Infrastructure Ltd. |  |  |
| 5.00%, 03/23/35<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5057 |
| 5.13%, 09/16/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15295 |
| Atmos Energy Corp., 5.20%, 08/15/35<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20878 |
| Boston Gas Co. |  |  |
| 3.76%, 03/16/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14425 |
| 5.84%, 01/10/35<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16086 |
| Brooklyn Union Gas Co. (The), 4.87%, 08/05/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5039 |
| CenterPoint Energy Resources Corp. |  |  |
| 4.40%, 07/01/32<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20091 |
| 5.40%, 07/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15674 |
| KeySpan Gas East Corp., 5.99%, 03/06/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21365 |
| National Fuel Gas Co. |  |  |
| 2.95%, 03/01/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4641 |
| 5.95%, 03/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10655 |
| NiSource, Inc. |  |  |
| 5.35%, 04/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10438 |
| 5.35%, 07/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25816 |
| 5.75%, 07/15/56, (5-year CMT + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5032 |
| 6.38%, 03/31/55, (5-year CMT + 2.53%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10415 |
| ONE Gas, Inc., 4.25%, 09/01/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5004 |
| Piedmont Natural Gas Co., Inc. |  |  |
| 2.50%, 03/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4608 |
| 5.10%, 02/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10239 |
| 5.40%, 06/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5255 |
| Southern California Gas Co. |  |  |
| 5.05%, 09/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15418 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10407 |
| 5.45%, 06/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10518 |
| Southern Co. Gas Capital Corp. |  |  |
| 4.95%, 09/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15233 |
| 5.15%, 09/15/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31098 |
| Series B, 5.10%, 09/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20363 |
| Southwest Gas Corp., 4.05%, 03/15/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29363 |
| Spire Missouri, Inc. |  |  |
| 4.80%, 02/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10227 |
| Series 2034, 5.15%, 08/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5176 |
|  |  | &nbsp;&nbsp; 394769 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Stanley Black & Decker, Inc., 3.00%, 05/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22985 |
| **Health Care - Products — 0.2%** | **Health Care - Products — 0.2%** | **Health Care - Products — 0.2%** |
| Agilent Technologies, Inc. |  |  |
| 2.30%, 03/12/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 27404 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| 4.75%, 09/09/34 | &nbsp;&nbsp; $5 | &nbsp;&nbsp; $5038 |
| Alcon Finance Corp., 5.38%, 12/06/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5257 |
| Baxter International, Inc. |  |  |
| 1.73%, 04/01/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 25857 |
| 2.54%, 02/01/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 30559 |
| 5.65%, 12/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20341 |
| GE HealthCare Technologies, Inc., 5.91%, 11/22/32 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 108182 |
| Insulet Corp., 6.50%, 04/01/33<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5196 |
| Medtronic Global Holdings SCA, 4.50%, 03/30/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40379 |
| Medtronic, Inc., 4.38%, 03/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24727 |
| Revvity, Inc., 2.25%, 09/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8896 |
| Smith & Nephew PLC, 5.40%, 03/20/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15611 |
| Solventum Corp. |  |  |
| 5.45%, 03/13/31 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36694 |
| 5.60%, 03/23/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36566 |
| Stryker Corp. |  |  |
| 4.63%, 09/11/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15041 |
| 5.20%, 02/10/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31122 |
| Thermo Fisher Scientific, Inc. |  |  |
| 2.00%, 10/15/31 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 44931 |
| 4.90%, 02/12/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25418 |
| 5.09%, 08/10/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31304 |
| 5.20%, 01/31/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15741 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 2.60%, 11/24/31 | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 32880 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10285 |
| 5.50%, 02/19/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15697 |
|  |  | &nbsp;&nbsp; 613126 |
| **Health Care - Services — 0.7%** | **Health Care - Services — 0.7%** | **Health Care - Services — 0.7%** |
| Acadia Healthcare Co., Inc., 7.38%, 03/15/33<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10314 |
| Adventist Health System/West |  |  |
| 5.43%, 03/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20820 |
| 5.76%, 12/01/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21096 |
| Ascension Health, Series 2025, 4.92%, 11/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25524 |
| Centene Corp. |  |  |
| 2.50%, 03/01/31 | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 52919 |
| 2.63%, 08/01/31 | &nbsp;&nbsp; 68 | &nbsp;&nbsp; 58971 |
| Charles River Laboratories International, Inc., <br> 4.00%, 03/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9438 |
| CHS/Community Health Systems, Inc. |  |  |
| 4.75%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 21108 |
| 9.75%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42142 |
| 10.88%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 39067 |
| Cigna Group(The) |  |  |
| 4.88%, 09/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25561 |
| 5.13%, 05/15/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20806 |
| 5.25%, 02/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20721 |
| 5.25%, 01/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25666 |
| 5.40%, 03/15/33 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 57791 |
| CommonSpirit Health |  |  |
| 4.83%, 09/01/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5009 |
| 4.98%, 09/01/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20125 |
| 5.21%, 12/01/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5213 |
| 5.32%, 12/01/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20658 |
| Concentra Health Services, Inc., 6.88%, <br> 07/15/32<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10454 |
| DaVita, Inc. |  |  |
| 3.75%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 24288 |
| 6.75%, 07/15/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20777 |
| 6.88%, 09/01/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20778 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Elevance Health, Inc. |  |  |
| 2.55%, 03/15/31 | &nbsp;&nbsp; $35 | &nbsp;&nbsp; $32236 |
| 4.75%, 02/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20214 |
| 4.95%, 11/01/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30875 |
| 5.20%, 02/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30805 |
| 5.38%, 06/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31207 |
| 5.50%, 10/15/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42204 |
| Encompass Health Corp., 4.63%, 04/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9808 |
| Fresenius Medical Care U.S. Finance III, Inc., <br> 3.00%, 12/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4559 |
| HAH Group Holding Co. LLC, 9.75%, 10/01/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8913 |
| HCA, Inc. |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 45135 |
| 3.63%, 03/15/32 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 95170 |
| 4.90%, 11/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24888 |
| 5.45%, 04/01/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5234 |
| 5.45%, 09/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31155 |
| 5.50%, 06/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5236 |
| 5.60%, 04/01/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36728 |
| 5.75%, 03/01/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31762 |
| Horizon Mutual Holdings, Inc., 6.20%, 11/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9973 |
| Humana, Inc. |  |  |
| 2.15%, 02/03/32<sup>(c)</sup> | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 39290 |
| 5.55%, 05/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25459 |
| 5.88%, 03/01/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15699 |
| 5.95%, 03/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31446 |
| IQVIA, Inc., 6.25%, 06/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15457 |
| Laboratory Corp. of America Holdings |  |  |
| 2.70%, 06/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9254 |
| 4.55%, 04/01/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15116 |
| 4.80%, 10/01/34<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20016 |
| LifePoint Health, Inc. |  |  |
| 8.38%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21629 |
| 9.88%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16043 |
| 10.00%, 06/01/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20950 |
| 11.00%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16298 |
| Molina Healthcare, Inc. |  |  |
| 3.88%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13662 |
| 3.88%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 11484 |
| 6.25%, 01/15/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19675 |
| OhioHealth Corp., 2.30%, 11/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4563 |
| Piedmont Healthcare, Inc., 2.04%, 01/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17814 |
| Providence St. Joseph Health Obligated Group, <br> 5.40%, 10/01/33<br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5229 |
| Quest Diagnostics, Inc. |  |  |
| 2.80%, 06/30/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23297 |
| 5.00%, 12/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10232 |
| 6.40%, 11/30/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 22346 |
| Radiology Partners, Inc., 8.50%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25734 |
| Roche Holdings, Inc. |  |  |
| 2.08%, 12/13/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17924 |
| 4.99%, 03/08/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10394 |
| Select Medical Corp., 6.25%, 12/01/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9753 |
| Sotera Health Holdings LLC, 7.38%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15805 |
| Surgery Center Holdings, Inc., 7.25%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29963 |
| Sutter Health |  |  |
| 5.16%, 08/15/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15613 |
| Series 2025, 5.21%, 08/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5246 |
| Series 2025, 5.54%, 08/15/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5313 |
| TEAM Services Holding, Inc., 9.00%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9781 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Tenet Healthcare Corp. |  |  |
| 5.50%, 11/15/32<sup>(b)</sup> | &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15196 |
| 6.00%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10339 |
| 6.75%, 05/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25961 |
| 6.88%, 11/15/31 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8736 |
| UnitedHealth Group, Inc. |  |  |
| 4.20%, 05/15/32 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 49766 |
| 4.50%, 04/15/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 49909 |
| 4.63%, 07/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19881 |
| 4.90%, 04/15/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20665 |
| 4.95%, 01/15/32 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 61881 |
| 5.00%, 04/15/34 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 66684 |
| 5.15%, 07/15/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41313 |
| 5.30%, 06/15/35<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20858 |
| 5.35%, 02/15/33 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 47238 |
| Universal Health Services, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13423 |
| 5.05%, 10/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9909 |
| UPMC, 5.04%, 05/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5154 |
|  |  | &nbsp;&nbsp; 2062746 |
| **Holding Companies - Diversified — 0.3%** | **Holding Companies - Diversified — 0.3%** | **Holding Companies - Diversified — 0.3%** |
| Apollo Debt Solutions BDC |  |  |
| 6.55%, 03/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10221 |
| 6.70%, 07/29/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25831 |
| Ares Capital Corp. |  |  |
| 3.20%, 11/15/31 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 30797 |
| 5.80%, 03/08/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24900 |
| Ares Strategic Income Fund, 6.20%, 03/21/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15064 |
| Blackstone Private Credit Fund |  |  |
| 6.00%, 01/29/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29728 |
| 6.00%, 11/22/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14523 |
| Blue Owl Credit Income Corp., 6.65%, 03/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15079 |
| Clue Opco LLC, 9.50%, 10/15/31<sup>(b)</sup> | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12445 |
| Compass Group Diversified Holdings LLC, 5.00%, <br> 01/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4566 |
| Gaci First Investment Co. |  |  |
| 5.25%, 10/13/32<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 206558 |
| 5.25%, 01/29/34<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 205859 |
| HA Sustainable Infrastructure Capital, Inc., 6.38%, <br> 07/01/34<br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20669 |
| MDGH GMTN RSC Ltd., 3.38%, 03/28/32<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 189763 |
|  |  | &nbsp;&nbsp; 806003 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| Ashton Woods USA LLC/Ashton Woods Finance <br> Co., 6.88%, 08/01/33<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15170 |
| Beazer Homes USA, Inc., 7.50%, 03/15/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5141 |
| Century Communities, Inc., 6.63%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10163 |
| DR Horton, Inc., 5.00%, 10/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20480 |
| Forestar Group, Inc., 6.50%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25642 |
| Installed Building Products, Inc., 5.63%, 02/01/34<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5072 |
| K Hovnanian Enterprises, Inc. |  |  |
| 8.00%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5147 |
| 8.38%, 10/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15396 |
| KB Home, 4.00%, 06/15/31<sup>(c)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4780 |
| LGI Homes, Inc., 7.00%, 11/15/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9795 |
| Mattamy Group Corp., 6.00%, 12/15/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24650 |
| Meritage Homes Corp., 5.65%, 03/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10324 |
| PulteGroup, Inc. |  |  |
| 6.38%, 05/15/33<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 22255 |
| 7.88%, 06/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11804 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Home Builders (continued)** | **Home Builders (continued)** | **Home Builders (continued)** |
| Taylor Morrison Communities, Inc., 5.75%, <br> 11/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; $10 | &nbsp;&nbsp; $10328 |
| Toll Brothers Finance Corp., 5.60%, 06/15/35<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10585 |
|  |  | &nbsp;&nbsp; 206732 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Somnigroup International, Inc., 3.88%, 10/15/31<sup>(b)</sup> | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 15960 |
| Whirlpool Corp. |  |  |
| 2.40%, 05/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4190 |
| 4.70%, 05/14/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13750 |
| 5.50%, 03/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4751 |
| 6.50%, 06/15/33<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9992 |
|  |  | &nbsp;&nbsp; 48643 |
| **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** |
| Avery Dennison Corp. |  |  |
| 2.25%, 02/15/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 31180 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10684 |
| Church & Dwight Co., Inc. |  |  |
| 2.30%, 12/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13629 |
| 5.60%, 11/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26911 |
| Clorox Co. (The), 4.60%, 05/01/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25365 |
| Kimberly-Clark Corp., 4.50%, 02/16/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10220 |
| Kronos Acquisition Holdings, Inc. |  |  |
| 8.25%, 06/30/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 6878 |
| 10.75%, 06/30/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 4377 |
|  |  | &nbsp;&nbsp; 129244 |
| **Housewares — 0.0%** | **Housewares — 0.0%** | **Housewares — 0.0%** |
| Central Garden & Pet Co. |  |  |
| 4.13%, 10/15/30 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9648 |
| 4.13%, 04/30/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4775 |
| Newell Brands, Inc. |  |  |
| 6.38%, 05/15/30 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10032 |
| 6.63%, 05/15/32<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10001 |
| Scotts Miracle-Gro Co.(The) |  |  |
| 4.00%, 04/01/31 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7567 |
| 4.38%, 02/01/32 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8554 |
|  |  | &nbsp;&nbsp; 50577 |
| **Insurance — 1.1%** | **Insurance — 1.1%** | **Insurance — 1.1%** |
| Acrisure LLC/Acrisure Finance, Inc. |  |  |
| 6.75%, 07/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14716 |
| 7.50%, 11/06/30<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20356 |
| AIA Group Ltd., 4.95%, 04/04/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10442 |
| Alliant Holdings Intermediate LLC/Alliant Holdings <br> Co-Issuer<br>|  |  |
| 6.50%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20141 |
| 7.00%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25399 |
| 7.38%, 10/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14879 |
| Allianz SE, 6.35%, 09/06/53, (5-year CMT + <br> 3.23%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10737 |
| Allstate Corp.(The) |  |  |
| 5.25%, 03/30/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36536 |
| 5.55%, 05/09/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15940 |
| American Financial Group, Inc., 5.00%, 09/23/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24751 |
| American International Group, Inc. |  |  |
| 3.88%, 01/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9360 |
| 5.13%, 03/27/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30957 |
| 5.45%, 05/07/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20859 |
| American National Group, Inc. |  |  |
| 6.00%, 07/15/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 49651 |
| 6.14%, 06/13/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15480 |
| Americo Life, Inc., 3.45%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18012 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| AmFam Holdings, Inc., 2.81%, 03/11/31<sup>(b)</sup> | &nbsp;&nbsp; $30 | &nbsp;&nbsp; $26616 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 2.05%, 08/23/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13390 |
| 2.60%, 12/02/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9113 |
| 5.00%, 09/12/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10293 |
| Aon North America, Inc. |  |  |
| 5.30%, 03/01/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20881 |
| 5.45%, 03/01/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41756 |
| Arch Capital Group Ltd., 7.35%, 05/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11722 |
| Ardonagh Finco Ltd., 7.75%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25612 |
| Ardonagh Group Finance Ltd., 8.88%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24719 |
| Arthur J Gallagher & Co. |  |  |
| 5.00%, 02/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5102 |
| 5.15%, 02/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30417 |
| 5.45%, 07/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25927 |
| 5.50%, 03/02/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10433 |
| 6.50%, 02/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5514 |
| Assurant, Inc., 2.65%, 01/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22434 |
| Assured Guaranty U.S. Holdings, Inc., 3.15%, <br> 06/15/31<br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23588 |
| Asurion LLC and Asurion Co-Issuer, Inc. |  |  |
| 8.00%, 12/31/32<sup>(b)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 57863 |
| 8.38%, 02/01/34<sup>(b)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 74556 |
| Athene Global Funding |  |  |
| 2.67%, 06/07/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8935 |
| 5.32%, 11/13/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10166 |
| 5.53%, 07/11/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5089 |
| 5.54%, 08/22/35<sup>(b)(c)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 69860 |
| Athene Holding Ltd. |  |  |
| 5.88%, 01/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10186 |
| 6.63%, 10/15/54, (5-year CMT + 2.61%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19368 |
| 6.65%, 02/01/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21375 |
| Baldwin Insurance Group Holdings LLC/Baldwin <br> Insurance Group Holdings Finance, 7.13%, <br> 05/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10013 |
| Berkshire Hathaway Finance Corp., 2.88%, <br> 03/15/32<br>| &nbsp;&nbsp; 40 | &nbsp;&nbsp; 37655 |
| Brown & Brown, Inc. |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13478 |
| 4.20%, 03/17/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14492 |
| 5.55%, 06/23/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20422 |
| 5.65%, 06/11/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15416 |
| Chubb INA Holdings LLC |  |  |
| 4.90%, 08/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30462 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 56592 |
| Cincinnati Financial Corp., 6.13%, 11/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10814 |
| CNA Financial Corp. |  |  |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15245 |
| 5.20%, 08/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10063 |
| 5.50%, 06/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10467 |
| CNO Financial Group, Inc., 6.45%, 06/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15656 |
| Corebridge Financial, Inc. |  |  |
| 3.90%, 04/05/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 33243 |
| 5.75%, 01/15/34 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51679 |
| 6.05%, 09/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10702 |
| DaVinciRe Holdings Ltd., 5.95%, 04/15/35<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20454 |
| Doctors Co. An Interinsurance Exchange (The), <br> 4.50%, 01/18/32<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9188 |
| Empower Finance 2020 LP, 1.78%, 03/17/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13464 |
| Enstar Group Ltd., 3.10%, 09/01/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13498 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Equitable Holdings, Inc. |  |  |
| 5.59%, 01/11/33 | &nbsp;&nbsp; $25 | &nbsp;&nbsp; $26017 |
| 6.70%, 03/28/55, (5-year CMT + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5205 |
| F&G Annuities & Life, Inc., 6.25%, 10/04/34<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9548 |
| Fairfax Financial Holdings Ltd. |  |  |
| 3.38%, 03/03/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14297 |
| 5.63%, 08/16/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26187 |
| 5.75%, 05/20/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20893 |
| Fidelity National Financial, Inc., 2.45%, 03/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4481 |
| First American Financial Corp. |  |  |
| 2.40%, 08/15/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17630 |
| 5.45%, 09/30/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15086 |
| GA Global Funding Trust |  |  |
| 2.90%, 01/06/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8886 |
| 5.50%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5070 |
| Genworth Holdings, Inc., 6.50%, 06/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5144 |
| Global Atlantic Fin Co. |  |  |
| 3.13%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 31501 |
| 7.95%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 15317 |
| Globe Life, Inc. |  |  |
| 4.80%, 06/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25180 |
| 5.85%, 09/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10507 |
| Guardian Life Global Funding, 4.67%, 09/05/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25240 |
| Hanover Insurance Group, Inc. (The), 5.50%, <br> 09/01/35<br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20456 |
| Howden U.K. Refinance PLC/Howden U.K. <br> Refinance 2 PLC/Howden U.S. Refinance LLC<br>|  |  |
| 7.25%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15168 |
| 8.13%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9577 |
| HUB International Ltd., 7.38%, 01/31/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35708 |
| Jackson Financial, Inc. |  |  |
| 3.13%, 11/23/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4563 |
| 5.67%, 06/08/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10261 |
| Kemper Corp., 3.80%, 02/23/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18370 |
| Lincoln National Corp. |  |  |
| 3.40%, 03/01/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13820 |
| 5.35%, 11/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9762 |
| 5.85%, 03/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10348 |
| Loews Corp., 6.00%, 02/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10921 |
| Manulife Financial Corp. |  |  |
| 3.70%, 03/16/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24134 |
| 4.99%, 12/11/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30083 |
| Marsh & McLennan Companies, Inc. |  |  |
| 4.85%, 11/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25728 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50879 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15508 |
| 5.40%, 09/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10540 |
| 5.75%, 11/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10710 |
| 5.88%, 08/01/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27209 |
| MassMutual Global Funding II, 5.05%, 08/26/35<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10138 |
| Meiji Yasuda Life Insurance Co., 5.80%, 09/11/54, <br> (5-year CMT + 3.03%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25416 |
| MetLife, Inc. |  |  |
| 5.30%, 12/15/34<sup>(c)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36392 |
| 5.38%, 07/15/33 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 30520 |
| 5.70%, 06/15/35 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 48017 |
| 6.38%, 06/15/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 44603 |
| 6.50%, 12/15/32 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 10115 |
| Series G, 6.35%, 03/15/55, (5-year CMT + <br> 2.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20831 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Metropolitan Life Global Funding I, 5.15%, <br> 03/28/33<sup>(b)</sup><br>| &nbsp;&nbsp; $10 | &nbsp;&nbsp; $10402 |
| Nationwide Mutual Insurance Co., 7.88%, <br> 04/01/33<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5700 |
| New York Life Global Funding |  |  |
| 4.55%, 01/28/33<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40311 |
| 5.00%, 01/09/34<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35980 |
| 5.35%, 01/23/35<sup>(b)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 52645 |
| New York Life Insurance Co., 5.88%, 05/15/33<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37387 |
| Nippon Life Insurance Co., 5.95%, 04/16/54, (5-year <br> CMT + 2.59%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20807 |
| Old Republic International Corp., 5.75%, 03/28/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10483 |
| Pacific Life Global Funding II, 2.45%, 01/11/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9050 |
| Pacific LifeCorp, 6.60%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16765 |
| Panther Escrow Issuer LLC, 7.13%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 62046 |
| Pricoa Global Funding I, 5.35%, 05/28/35<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5202 |
| Primerica, Inc., 2.80%, 11/19/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4572 |
| Principal Financial Group, Inc., 5.38%, 03/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26173 |
| Progressive Corp.(The) |  |  |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23197 |
| 6.25%, 12/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11108 |
| Protective Life Corp., 5.35%, 12/15/35<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25378 |
| Protective Life Global Funding, 5.43%, 01/14/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5256 |
| Prudential Financial, Inc. |  |  |
| 5.20%, 03/14/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20498 |
| 5.75%, 07/15/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 54687 |
| 6.00%, 09/01/52, (5-year CMT + 3.23%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 67333 |
| 6.50%, 03/15/54, (5-year CMT + 2.40%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5271 |
| 6.75%, 03/01/53, (5-year CMT + 2.85%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16077 |
| Prudential Funding Asia PLC, 3.63%, 03/24/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9681 |
| Reinsurance Group of America, Inc., 5.75%, <br> 09/15/34<br>| &nbsp;&nbsp; 45 | &nbsp;&nbsp; 47043 |
| RenaissanceRe Holdings Ltd. |  |  |
| 5.75%, 06/05/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26358 |
| 5.80%, 04/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10472 |
| RGA Global Funding |  |  |
| 5.00%, 08/25/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10149 |
| 5.05%, 12/06/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5130 |
| Ryan Specialty LLC, 5.88%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20175 |
| Sammons Financial Group, Inc. |  |  |
| 3.35%, 04/16/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28059 |
| 4.75%, 04/08/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14677 |
| 6.88%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16357 |
| SBL Holdings, Inc. |  |  |
| 5.00%, 02/18/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13600 |
| 7.20%, 10/30/34<sup>(b)(c)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 36660 |
| Selective Insurance Group, Inc., 5.90%, 04/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10586 |
| Stewart Information Services Corp., 3.60%, <br> 11/15/31<br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9041 |
| Sumitomo Life Insurance Co., 5.88%, (5-year CMT <br> + 2.84%)<sup>(a)(b)(g)</sup><br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5080 |
| Travelers Companies, Inc. (The), 5.05%, 07/24/35 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41057 |
| Trustage Financial Group, Inc., 4.63%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24547 |
| Unum Group, 5.25%, 12/15/35 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 34695 |
| USI, Inc., 7.50%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10272 |
| Western & Southern Financial Group, Inc., 5.75%, <br> 07/15/33<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10603 |
| Willis North America, Inc., 5.35%, 05/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25752 |
|  |  | &nbsp;&nbsp; 3158422 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet — 0.5%** | **Internet — 0.5%** | **Internet — 0.5%** |
| Alphabet, Inc. |  |  |
| 4.38%, 11/15/32 | &nbsp;&nbsp; $5 | &nbsp;&nbsp; $5067 |
| 4.40%, 02/15/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30258 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30188 |
| 4.70%, 11/15/35 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 75923 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 101627 |
| Amazon.com, Inc. |  |  |
| 2.10%, 05/12/31 | &nbsp;&nbsp; 140 | &nbsp;&nbsp; 127485 |
| 3.60%, 04/13/32 | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 92488 |
| 4.35%, 03/20/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40314 |
| 4.65%, 11/20/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25117 |
| 4.70%, 12/01/32 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 56868 |
| 4.80%, 12/05/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41456 |
| AppLovin Corp. |  |  |
| 5.38%, 12/01/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15449 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15287 |
| Cogent Communications Group LLC/Cogent <br> Finance, Inc., 6.50%, 07/01/32<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22176 |
| eBay, Inc. |  |  |
| 2.60%, 05/10/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18407 |
| 6.30%, 11/22/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10985 |
| Expedia Group, Inc. |  |  |
| 2.95%, 03/15/31 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 25100 |
| 5.40%, 02/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25237 |
| Gen Digital, Inc. |  |  |
| 6.25%, 04/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14944 |
| 7.13%, 09/30/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15217 |
| Match Group Holdings II LLC |  |  |
| 3.63%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13607 |
| 4.13%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4751 |
| 6.13%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14968 |
| Meta Platforms, Inc. |  |  |
| 3.85%, 08/15/32 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 53906 |
| 4.55%, 08/15/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30714 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 76253 |
| 4.75%, 08/15/34 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 55877 |
| 4.88%, 11/15/35 | &nbsp;&nbsp; 140 | &nbsp;&nbsp; 141294 |
| 4.95%, 05/15/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31022 |
| Netflix, Inc., 4.90%, 08/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25773 |
| Prosus NV, 3.06%, 07/13/31<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 184586 |
| Rakuten Group, Inc., 6.25%, (5-year CMT + <br> 4.96%)<sup>(a)(b)(g)</sup><br>| &nbsp;&nbsp; 18 | &nbsp;&nbsp; 17253 |
| Snap, Inc. |  |  |
| 6.88%, 03/01/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24905 |
| 6.88%, 03/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9981 |
| Uber Technologies, Inc. |  |  |
| 4.80%, 09/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20054 |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24831 |
| VeriSign, Inc., 5.25%, 06/01/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25557 |
| Wayfair LLC, 6.75%, 11/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10190 |
|  |  | &nbsp;&nbsp; 1555115 |
| **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** |
| ArcelorMittal SA |  |  |
| 6.00%, 06/17/34<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10828 |
| 6.80%, 11/29/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 34019 |
| Carpenter Technology Corp., 5.63%, 03/01/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15289 |
| Cleveland-Cliffs, Inc. |  |  |
| 4.88%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4740 |
| 7.00%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25407 |
| 7.38%, 05/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15394 |
| 7.50%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26093 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Iron & Steel (continued)** | **Iron & Steel (continued)** | **Iron & Steel (continued)** |
| 7.63%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15395 |
| Commercial Metals Co. |  |  |
| 3.88%, 02/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4747 |
| 4.38%, 03/15/32 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2874 |
| 5.75%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15287 |
| 6.00%, 12/15/35<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10237 |
| Gerdau Trade, Inc., 5.75%, 06/09/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10392 |
| Mineral Resources Ltd., 7.00%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5263 |
| Nucor Corp. |  |  |
| 3.13%, 04/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9395 |
| 5.10%, 06/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10330 |
| Samarco Mineracao SA, 9.50%, 06/30/31, (5.00 % <br> Cash and 4.00% PIK)<sup>(d)(e)</sup><br>| &nbsp;&nbsp; 60 | &nbsp;&nbsp; 60458 |
| Steel Dynamics, Inc. |  |  |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35900 |
| 5.38%, 08/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10390 |
| Vale Overseas Ltd. |  |  |
| 6.13%, 06/12/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37683 |
| 8.25%, 01/17/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 6049 |
|  |  | &nbsp;&nbsp; 366170 |
| **Leisure Time — 0.2%** | **Leisure Time — 0.2%** | **Leisure Time — 0.2%** |
| Acushnet Co., 5.63%, 12/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10197 |
| Brunswick Corp. |  |  |
| 2.40%, 08/18/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13332 |
| 4.40%, 09/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9719 |
| Carnival Corp. |  |  |
| 5.75%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 62336 |
| 5.88%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20893 |
| 6.13%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36225 |
| Kingpin Intermediate Holdings LLC, 7.25%, <br> 10/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23252 |
| Life Time, Inc., 6.00%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10296 |
| NCL Corp. Ltd. |  |  |
| 5.88%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15120 |
| 6.25%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10090 |
| 6.75%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36013 |
| Patrick Industries, Inc., 6.38%, 11/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10269 |
| Royal Caribbean Cruises Ltd. |  |  |
| 4.75%, 05/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25182 |
| 5.38%, 01/15/36 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10209 |
| 5.63%, 09/30/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30916 |
| 6.00%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36235 |
| 6.25%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26070 |
| Viking Cruises Ltd. |  |  |
| 5.88%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25505 |
| 9.13%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10633 |
|  |  | &nbsp;&nbsp; 422492 |
| **Lodging — 0.2%** | **Lodging — 0.2%** | **Lodging — 0.2%** |
| Boyd Gaming Corp., 4.75%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16637 |
| Choice Hotels International, Inc., 5.85%, 08/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15552 |
| Hilton Domestic Operating Co., Inc. |  |  |
| 3.63%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 24229 |
| 4.00%, 05/01/31<sup>(b)</sup> | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 17307 |
| 5.50%, 03/31/34<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20218 |
| 5.75%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15359 |
| 5.88%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20570 |
| 6.13%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20667 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| Hilton Grand Vacations Borrower Escrow LLC/Hilton <br> Grand Vacations Borrower Esc<br>|  |  |
| 4.88%, 07/01/31<sup>(b)</sup> | &nbsp;&nbsp; $10 | &nbsp;&nbsp; $9401 |
| 6.63%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15312 |
| Hyatt Hotels Corp. |  |  |
| 5.38%, 12/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5178 |
| 5.50%, 06/30/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15636 |
| 5.75%, 03/30/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21100 |
| Las Vegas Sands Corp., 6.20%, 08/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10560 |
| Marriott International, Inc./MD |  |  |
| 5.30%, 05/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25955 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20736 |
| Series GG, 3.50%, 10/15/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28300 |
| Series HH, 2.85%, 04/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4680 |
| Series II, 2.75%, 10/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8856 |
| Marriott Ownership Resorts, Inc., 6.50%, <br> 10/01/33<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14528 |
| Melco Resorts Finance Ltd., 7.63%, 04/17/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15730 |
| MGM China Holdings Ltd., 7.13%, 06/26/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5300 |
| MGM Resorts International, 6.50%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15394 |
| Sands China Ltd., 3.25%, 08/08/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9305 |
| Station Casinos LLC |  |  |
| 4.63%, 12/01/31<sup>(b)</sup> | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7735 |
| 6.63%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10236 |
| Travel + Leisure Co., 6.13%, 09/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15232 |
| Wyndham Hotels & Resorts, Inc., 5.63%, <br> 03/01/33<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15094 |
|  |  | &nbsp;&nbsp; 424807 |
| **Machinery — 0.2%** | **Machinery — 0.2%** | **Machinery — 0.2%** |
| AGCO Corp., 5.80%, 03/21/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15858 |
| Caterpillar, Inc. |  |  |
| 5.20%, 05/15/35 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36666 |
| 5.30%, 09/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26697 |
| Columbus McKinnon Corp/NY, 7.13%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10309 |
| Deere & Co. |  |  |
| 5.45%, 01/16/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26690 |
| 7.13%, 03/03/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 22916 |
| Dover Corp., 5.38%, 10/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26732 |
| Flowserve Corp., 2.80%, 01/15/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 27287 |
| IDEX Corp., 2.63%, 06/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13764 |
| Ingersoll Rand, Inc. |  |  |
| 5.31%, 06/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26254 |
| 5.70%, 08/14/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26710 |
| John Deere Capital Corp. |  |  |
| 2.00%, 06/17/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 27132 |
| 3.90%, 06/07/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29731 |
| 4.35%, 09/15/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40490 |
| 4.40%, 09/08/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30580 |
| 5.10%, 04/11/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31359 |
| 5.15%, 09/08/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31703 |
| Lsf12 Helix Parent LLC, 7.13%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10035 |
| Manitowoc Co., Inc. (The), 9.25%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5426 |
| Nordson Corp., 5.80%, 09/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10691 |
| nVent Finance SARL |  |  |
| 2.75%, 11/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4537 |
| 5.65%, 05/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10552 |
| Regal Rexnord Corp., 6.40%, 04/15/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32666 |
| Rockwell Automation, Inc., 1.75%, 08/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13286 |
| Terex Corp., 6.25%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15450 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Westinghouse Air Brake Technologies Corp. |  |  |
| 5.50%, 05/29/35 | &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15786 |
| 5.61%, 03/11/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15910 |
|  |  | &nbsp;&nbsp; 585217 |
| **Manufacturing — 0.1%** | **Manufacturing — 0.1%** | **Manufacturing — 0.1%** |
| 3M Co., 5.15%, 03/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10328 |
| Amsted Industries, Inc., 4.63%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7923 |
| Avient Corp. |  |  |
| 6.25%, 11/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10322 |
| 7.13%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15453 |
| Axon Enterprise, Inc., 6.25%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15560 |
| Eaton Corp., 4.15%, 03/15/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 49824 |
| Enpro, Inc., 6.13%, 06/01/33<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5164 |
| Parker-Hannifin Corp., 4.20%, 11/21/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9870 |
| Teledyne Technologies, Inc., 2.75%, 04/01/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28038 |
| Textron, Inc. |  |  |
| 2.45%, 03/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13748 |
| 5.50%, 05/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10510 |
|  |  | &nbsp;&nbsp; 176740 |
| **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** |
| AMC Networks, Inc., 10.50%, 07/15/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25614 |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| 4.25%, 02/01/31<sup>(b)</sup> | &nbsp;&nbsp; 51 | &nbsp;&nbsp; 47524 |
| 4.25%, 01/15/34<sup>(b)(c)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 43643 |
| 4.50%, 05/01/32 | &nbsp;&nbsp; 59 | &nbsp;&nbsp; 54024 |
| 4.50%, 06/01/33<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26800 |
| 4.75%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18586 |
| 7.00%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30677 |
| 7.38%, 03/01/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20637 |
| 7.38%, 02/01/36<sup>(b)(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20302 |
| Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| 2.30%, 02/01/32<sup>(c)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26178 |
| 4.40%, 04/01/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14277 |
| 5.85%, 12/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25155 |
| 6.38%, 10/23/35 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 46984 |
| 6.55%, 06/01/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26576 |
| 6.65%, 02/01/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26565 |
| Comcast Corp. |  |  |
| 4.20%, 08/15/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 33929 |
| 4.25%, 01/15/33 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 69287 |
| 4.65%, 02/15/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50784 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35704 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26102 |
| 5.30%, 05/15/35<sup>(c)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41839 |
| 5.50%, 11/15/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32015 |
| Cox Communications, Inc. |  |  |
| 4.80%, 02/01/35<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23476 |
| 5.70%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25421 |
| CSC Holdings LLC |  |  |
| 3.38%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 14940 |
| 4.50%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 18004 |
| 5.00%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 2950 |
| Fox Corp., 6.50%, 10/13/33 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 60300 |
| Gray Media, Inc. |  |  |
| 4.75%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 11354 |
| 5.38%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 25286 |
| 7.25%, 08/15/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20658 |
| 9.63%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5196 |
| McGraw-Hill Education, Inc., 7.38%, 09/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10209 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| Midcontinent Communications, 8.00%, <br> 08/15/32<sup>(b)(c)</sup><br>| &nbsp;&nbsp; $10 | &nbsp;&nbsp; $9405 |
| News Corp., 5.13%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6958 |
| Paramount Global, 4.20%, 05/19/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17612 |
| Sinclair Television Group, Inc. |  |  |
| 4.38%, 12/31/32<sup>(b)</sup> | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 18439 |
| 8.13%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31234 |
| Sirius XM Radio LLC |  |  |
| 3.88%, 09/01/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 28398 |
| 4.13%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23557 |
| 5.88%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14956 |
| Sunrise FinCo I BV, 4.88%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19221 |
| Time Warner Cable Enterprises LLC, 8.38%, <br> 07/15/33<br>| &nbsp;&nbsp; 27 | &nbsp;&nbsp; 31624 |
| TWDC Enterprises 18 Corp., Series B, 7.00%, <br> 03/01/32<br>| &nbsp;&nbsp; 45 | &nbsp;&nbsp; 51585 |
| Univision Communications, Inc. |  |  |
| 7.38%, 06/30/30<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20003 |
| 8.50%, 07/31/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20550 |
| 9.38%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10572 |
| Virgin Media Finance PLC, 5.00%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 12587 |
| Virgin Media Secured Finance PLC, 4.50%, <br> 08/15/30<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13680 |
| VZ Secured Financing BV, 5.00%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22224 |
| Walt Disney Co.(The) |  |  |
| 4.63%, 03/14/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24918 |
| 6.20%, 12/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16961 |
| 6.55%, 03/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 22765 |
|  |  | &nbsp;&nbsp; 1378245 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Advanced Drainage Systems, Inc., 5.38%, <br> 03/01/34<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5039 |
| Vallourec SACA, 7.50%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10614 |
|  |  | &nbsp;&nbsp; 15653 |
| **Mining — 0.4%** | **Mining — 0.4%** | **Mining — 0.4%** |
| Alcoa Nederland Holding BV, 7.13%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15857 |
| Alumina Pty. Ltd., 6.38%, 09/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10385 |
| Arsenal AIC Parent LLC |  |  |
| 8.00%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10565 |
| 11.50%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11025 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.90%, 02/28/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5144 |
| 5.13%, 02/21/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31371 |
| 5.25%, 09/08/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26213 |
| 5.30%, 02/21/35 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 47192 |
| Capstone Copper Corp., 6.75%, 03/31/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10327 |
| Century Aluminum Co., 6.88%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15517 |
| Constellium SE, 6.38%, 08/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5206 |
| Corp. Nacional del Cobre de Chile, 6.33%, <br> 01/13/35<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 216228 |
| Fortescue Treasury Pty Ltd. |  |  |
| 4.38%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 21335 |
| 6.13%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 16730 |
| Freeport-McMoRan, Inc., 5.40%, 11/14/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15668 |
| Glencore Funding LLC |  |  |
| 2.63%, 09/23/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18243 |
| 2.85%, 04/27/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4662 |
| 5.63%, 04/04/34<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26358 |
| 5.67%, 04/01/35<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21117 |
| 6.50%, 10/06/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27800 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| Kaiser Aluminum Corp. |  |  |
| 4.50%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; $10 | &nbsp;&nbsp; $9661 |
| 5.88%, 03/01/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15172 |
| New Gold, Inc., 6.88%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5305 |
| Newcastle Coal Infrastructure Group Pty. Ltd., <br> 4.70%, 05/12/31<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14464 |
| Newmont Corp. |  |  |
| 2.60%, 07/15/32 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 59656 |
| 5.88%, 04/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27143 |
| Novelis Corp. |  |  |
| 3.88%, 08/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13735 |
| 6.38%, 08/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15154 |
| Rio Tinto Alcan, Inc. |  |  |
| 5.75%, 06/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10776 |
| 6.13%, 12/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11034 |
| 7.25%, 03/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 28587 |
| Rio Tinto Finance USA PLC |  |  |
| 5.00%, 03/09/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15562 |
| 5.25%, 03/14/35 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36576 |
| South32 Treasury Ltd., 4.35%, 04/14/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24672 |
| Vedanta Resources Finance II PLC, 11.25%, <br> 12/03/31<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 220914 |
| Volcan Cia Minera SAA, 8.50%, 10/28/32<sup>(e)</sup> | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 104538 |
| Yamana Gold, Inc., 2.63%, 08/15/31 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 12805 |
|  |  | &nbsp;&nbsp; 1182697 |
| **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** |
| CDW LLC/CDW Finance Corp. |  |  |
| 3.57%, 12/01/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18689 |
| 5.55%, 08/22/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15103 |
| Xerox Corp., 13.50%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 10559 |
| Zebra Technologies Corp., 6.50%, 06/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10253 |
|  |  | &nbsp;&nbsp; 54604 |
| **Oil & Gas — 1.2%** | **Oil & Gas — 1.2%** | **Oil & Gas — 1.2%** |
| Aker BP ASA |  |  |
| 3.10%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4657 |
| 5.13%, 10/01/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9974 |
| 5.25%, 10/30/35<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9955 |
| 6.00%, 06/13/33<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5288 |
| APA Corp., 6.10%, 02/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26164 |
| Ascent Resources Utica Holdings LLC/ARU Finance <br> Corp., 6.63%, 10/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10388 |
| BP Capital Markets America, Inc. |  |  |
| 2.72%, 01/12/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 36990 |
| 4.81%, 02/13/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25619 |
| 4.89%, 09/11/33 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 56467 |
| 4.99%, 04/10/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20652 |
| 5.23%, 11/17/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36627 |
| California Resources Corp., 7.00%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5083 |
| Canadian Natural Resources Ltd. |  |  |
| 5.40%, 12/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25899 |
| 5.85%, 02/01/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5349 |
| 7.20%, 01/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5653 |
| Cenovus Energy, Inc., 2.65%, 01/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18156 |
| Chevron USA, Inc. |  |  |
| 4.82%, 04/15/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31200 |
| 4.85%, 10/15/35<sup>(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25677 |
| 4.98%, 04/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10378 |
| Chord Energy Corp., 6.75%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10373 |
| CNOOC Petroleum North America ULC, 5.88%, <br> 03/10/35<br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 225200 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| CNX Resources Corp. |  |  |
| 5.88%, 03/01/34<sup>(b)</sup> | &nbsp;&nbsp; $5 | &nbsp;&nbsp; $5008 |
| 7.25%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10480 |
| 7.38%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9322 |
| ConocoPhillips Co. |  |  |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25704 |
| 5.05%, 09/15/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 52022 |
| Continental Resources, Inc./OK, 2.88%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8907 |
| Coterra Energy, Inc. |  |  |
| 5.40%, 02/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20627 |
| 5.60%, 03/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10477 |
| Crescent Energy Finance LLC |  |  |
| 7.38%, 01/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14907 |
| 7.63%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25265 |
| 7.88%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20334 |
| 9.75%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5376 |
| CVR Energy, Inc., 7.88%, 02/15/34<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24504 |
| Devon Energy Corp. |  |  |
| 5.20%, 09/15/34<sup>(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25635 |
| 7.95%, 04/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11778 |
| Diamondback Energy, Inc. |  |  |
| 3.13%, 03/24/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23712 |
| 5.40%, 04/18/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31198 |
| 5.55%, 04/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26161 |
| 6.25%, 03/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21854 |
| Ecopetrol SA |  |  |
| 4.63%, 11/02/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 35832 |
| 7.75%, 02/01/32 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51028 |
| 8.88%, 01/13/33 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 74297 |
| Energian Israel Finance Ltd., 5.88%, 03/30/31<sup>(b)(e)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28856 |
| EOG Resources, Inc. |  |  |
| 3.90%, 04/01/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28318 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25937 |
| 5.35%, 01/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25972 |
| EQT Corp. |  |  |
| 3.63%, 05/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9563 |
| 5.75%, 02/01/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21188 |
| Equinor ASA |  |  |
| 4.75%, 11/14/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25147 |
| 5.13%, 06/03/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15578 |
| Expand Energy Corp. |  |  |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 42935 |
| 5.70%, 01/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15708 |
| Harbour Energy PLC, 6.33%, 04/01/35<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5205 |
| Helmerich & Payne, Inc. |  |  |
| 2.90%, 09/29/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13743 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15110 |
| Hess Corp., 7.30%, 08/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 28871 |
| HF Sinclair Corp., 6.25%, 01/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21064 |
| Hilcorp Energy I LP/Hilcorp Finance Co. |  |  |
| 6.00%, 02/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9754 |
| 6.25%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4868 |
| 6.88%, 05/15/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14662 |
| 7.25%, 02/15/35<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19821 |
| 8.38%, 11/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15812 |
| Magnolia Oil & Gas Operating LLC/Magnolia Oil & <br> Gas Finance Corp., 6.88%, 12/01/32<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10470 |
| Marathon Petroleum Corp., 5.70%, 03/01/35 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42125 |
| Matador Resources Co. |  |  |
| 6.00%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10012 |
| 6.25%, 04/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15263 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 6.50%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15319 |
| Moss Creek Resources Holdings, Inc., 8.25%, <br> 09/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14812 |
| Murphy Oil Corp. |  |  |
| 6.00%, 10/01/32<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9995 |
| 6.50%, 02/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19943 |
| Nabors Industries, Inc. |  |  |
| 7.63%, 11/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10274 |
| 8.88%, 08/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10357 |
| Northern Oil & Gas, Inc. |  |  |
| 7.88%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10220 |
| 8.75%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10431 |
| Occidental Petroleum Corp. |  |  |
| 5.38%, 01/01/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26025 |
| 5.55%, 10/01/34<sup>(c)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31291 |
| 7.50%, 05/01/31 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 18231 |
| 7.88%, 09/15/31 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 30258 |
| Ovintiv, Inc. |  |  |
| 6.25%, 07/15/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32358 |
| 6.50%, 08/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5481 |
| 7.20%, 11/01/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5603 |
| Patterson-UTI Energy, Inc., 7.15%, 10/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10956 |
| Permian Resources Operating LLC |  |  |
| 6.25%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20673 |
| 7.00%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20986 |
| 9.88%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6420 |
| Petrobras Global Finance BV, 6.25%, 01/10/36 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 100664 |
| Petroleos Mexicanos |  |  |
| 6.63%, 06/15/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 47839 |
| 6.70%, 02/16/32 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 200693 |
| 10.00%, 02/07/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 46742 |
| Petronas Capital Ltd., 2.48%, 01/28/32<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 182731 |
| Phillips 66, 4.65%, 11/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19846 |
| Phillips 66 Co. |  |  |
| 4.95%, 03/15/35 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35417 |
| 5.30%, 06/30/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41563 |
| Series A, 5.88%, 03/15/56, (5-year CMT + <br> 2.28%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5028 |
| Pluspetrol SA, 8.50%, 05/30/32<sup>(e)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41299 |
| Raizen Fuels Finance SA, 6.45%, 03/05/34<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 88656 |
| SA Global Sukuk Ltd., 4.63%, 09/17/35<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 195927 |
| Santos Finance Ltd. |  |  |
| 5.75%, 11/13/35<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35774 |
| 6.88%, 09/19/33<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 44416 |
| Shell Finance U.S., Inc., 4.13%, 05/11/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29228 |
| SM Energy Co. |  |  |
| 7.00%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15269 |
| 8.63%, 11/01/30<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21170 |
| 8.75%, 07/01/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26213 |
| 9.63%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16582 |
| Suncor Energy, Inc., 5.95%, 12/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16108 |
| Sunoco LP |  |  |
| 4.63%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 15643 |
| 5.63%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20179 |
| 5.63%, 07/15/34<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20004 |
| 5.88%, 03/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10066 |
| 6.25%, 07/01/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25717 |
| 6.63%, 08/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10350 |
| 7.25%, 05/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15844 |
| TotalEnergies Capital SA |  |  |
| 4.72%, 09/10/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20396 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 5.15%, 04/05/34 | &nbsp;&nbsp; $55 | &nbsp;&nbsp; $57617 |
| TotalEnergies Capital USA LLC, 4.86%, 01/13/36 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30322 |
| Transocean International Ltd. |  |  |
| 7.50%, 04/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5150 |
| 7.88%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5362 |
| 8.50%, 05/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26442 |
| Valero Energy Corp., 2.80%, 12/01/31 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 32348 |
| Vermilion Energy, Inc. |  |  |
| 6.88%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8081 |
| 7.25%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9777 |
| Viper Energy Partners LLC, 5.70%, 08/01/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20717 |
| Vista Energy Argentina SAU, 7.63%, 12/10/35<sup>(e)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30427 |
| Woodside Finance Ltd. |  |  |
| 5.10%, 09/12/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25096 |
| 6.00%, 05/19/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26472 |
|  |  | &nbsp;&nbsp; 3542967 |
| **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** |
| Archrock Partners LP/Archrock Partners Finance <br> Corp., 6.63%, 09/01/32<sup>(b)</sup><br>| &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12470 |
| Archrock Services LP/Archrock Partners Finance <br> Corp., 6.00%, 02/01/34<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20231 |
| Bristow Group, Inc., 6.75%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15217 |
| Kodiak Gas Services LLC |  |  |
| 6.50%, 10/01/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20628 |
| 6.75%, 10/01/35<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10445 |
| Schlumberger Holdings Corp. |  |  |
| 4.85%, 05/15/33<sup>(b)(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20383 |
| 5.00%, 06/01/34<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5126 |
| Star Holding LLC, 8.75%, 08/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5040 |
| USA Compression Partners LP/USA Compression <br> Finance Corp., 6.25%, 10/01/33<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10152 |
| Weatherford International Ltd., 6.75%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15660 |
|  |  | &nbsp;&nbsp; 135352 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Amcor Finance USA, Inc., 5.63%, 05/26/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10609 |
| Amcor Flexibles North America, Inc. |  |  |
| 2.69%, 05/25/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18477 |
| 5.50%, 03/17/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15780 |
| Ball Corp. |  |  |
| 2.88%, 08/15/30 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 25113 |
| 3.13%, 09/15/31 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 15785 |
| 5.50%, 09/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25721 |
| Berry Global, Inc. |  |  |
| 5.65%, 01/15/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42261 |
| 5.80%, 06/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5326 |
| Clydesdale Acquisition Holdings, Inc., 6.75%, <br> 04/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25181 |
| Crown Americas LLC, 5.88%, 06/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15413 |
| Graphic Packaging International LLC, 6.38%, <br> 07/15/32<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10134 |
| Owens-Brockway Glass Container, Inc. |  |  |
| 7.25%, 05/15/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15155 |
| 7.38%, 06/01/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5063 |
| Packaging Corp. of America, 5.20%, 08/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10249 |
| Sealed Air Corp. |  |  |
| 6.50%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5158 |
| 6.88%, 07/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10356 |
| Sealed Air Corp./Sealed Air Corp. U.S., 7.25%, <br> 02/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7268 |
| Smurfit Kappa Treasury ULC, 5.44%, 04/03/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5212 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| Sonoco Products Co., 5.00%, 09/01/34<sup>(c)</sup> | &nbsp;&nbsp; $20 | &nbsp;&nbsp; $20172 |
| WRKCo, Inc., 3.00%, 06/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22560 |
|  |  | &nbsp;&nbsp; 310993 |
| **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** | **Pharmaceuticals — 0.7%** |
| 1261229 BC Ltd., 10.00%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 103884 |
| AbbVie, Inc. |  |  |
| 4.40%, 03/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25108 |
| 4.50%, 05/14/35 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 54501 |
| 4.55%, 03/15/35 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 39808 |
| 4.95%, 03/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26018 |
| 5.05%, 03/15/34 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 67468 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26041 |
| Amneal Pharmaceuticals LLC, 6.88%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5268 |
| Astrazeneca Finance LLC |  |  |
| 2.25%, 05/28/31 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 73318 |
| 4.88%, 03/03/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15590 |
| 5.00%, 02/26/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31211 |
| Bausch Health Companies, Inc. |  |  |
| 5.25%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 5268 |
| 14.00%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6081 |
| Bayer U.S. Finance II LLC |  |  |
| 4.20%, 07/15/34<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4737 |
| 5.50%, 07/30/35<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20526 |
| Becton Dickinson & Co., 5.11%, 02/08/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20587 |
| Bristol-Myers Squibb Co. |  |  |
| 2.95%, 03/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23355 |
| 5.20%, 02/22/34 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 73232 |
| Cardinal Health, Inc. |  |  |
| 5.15%, 09/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25581 |
| 5.35%, 11/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25982 |
| Cencora, Inc. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 41945 |
| 4.90%, 02/13/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25171 |
| 5.15%, 02/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10334 |
| CVS Health Corp. |  |  |
| 2.13%, 09/15/31 | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 31950 |
| 5.25%, 02/21/33 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 46679 |
| 5.30%, 06/01/33 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 46619 |
| 5.45%, 09/15/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51552 |
| 5.55%, 06/01/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31635 |
| 5.70%, 06/01/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31639 |
| 6.75%, 12/10/54, (5-year CMT + 2.52%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15637 |
| Eli Lilly & Co. |  |  |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 45624 |
| 4.55%, 10/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25508 |
| 4.60%, 08/14/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15229 |
| 4.70%, 02/27/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30864 |
| 4.70%, 02/09/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41008 |
| 4.90%, 10/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25603 |
| 5.10%, 02/12/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26070 |
| Endo Finance Holdings LP, 8.50%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21237 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 4.88%, 04/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25499 |
| 5.38%, 04/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5353 |
| Johnson & Johnson |  |  |
| 4.85%, 03/01/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31459 |
| 4.90%, 06/01/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26227 |
| 4.95%, 05/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10604 |
| 4.95%, 06/01/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37052 |
| 5.00%, 03/01/35<sup>(c)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36816 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| McKesson Corp. |  |  |
| 5.10%, 07/15/33 | &nbsp;&nbsp; $30 | &nbsp;&nbsp; $31321 |
| 5.25%, 05/30/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15736 |
| Merck & Co., Inc. |  |  |
| 2.15%, 12/10/31 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 58760 |
| 4.15%, 03/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25186 |
| 4.50%, 05/17/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35615 |
| 4.55%, 09/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25584 |
| 4.95%, 09/15/35 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 61513 |
| Novartis Capital Corp. |  |  |
| 4.00%, 09/18/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30095 |
| 4.20%, 09/18/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19836 |
| 4.30%, 11/05/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5039 |
| 4.60%, 11/05/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25128 |
| Organon & Co./Organon Foreign Debt Co-Issuer BV |  |  |
| 5.13%, 04/30/31<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 31041 |
| 6.75%, 05/15/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14541 |
| 7.88%, 05/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9318 |
| Paradigm Parent LLC and Paradigm Parent <br> CO-Issuer, Inc., 8.75%, 04/17/32<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13011 |
| Pfizer Investment Enterprises Pte Ltd., 4.75%, <br> 05/19/33<br>| &nbsp;&nbsp; 155 | &nbsp;&nbsp; 158214 |
| Pfizer, Inc. |  |  |
| 4.50%, 11/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25389 |
| 4.88%, 11/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25478 |
| Zoetis, Inc. |  |  |
| 5.00%, 08/17/35 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 56078 |
| 5.60%, 11/16/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10709 |
|  |  | &nbsp;&nbsp; 2088470 |
| **Pipelines — 0.9%** | **Pipelines — 0.9%** | **Pipelines — 0.9%** |
| Antero Midstream Partners LP/Antero Midstream <br> Finance Corp.<br>|  |  |
| 5.75%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15220 |
| 5.75%, 07/01/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10148 |
| 6.63%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15578 |
| Blue Racer Midstream LLC/Blue Racer Finance <br> Corp., 7.25%, 07/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10585 |
| Boardwalk Pipelines LP |  |  |
| 3.60%, 09/01/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23641 |
| 5.63%, 08/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10581 |
| Cameron LNG LLC, 2.90%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23459 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18652 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 35305 |
| 5.55%, 10/30/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26000 |
| 5.75%, 08/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31684 |
| 5.95%, 06/30/33 | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 50389 |
| Cheniere Energy, Inc., 5.65%, 04/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31546 |
| Columbia Pipelines Holding Co. LLC, 5.68%, <br> 01/15/34<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5239 |
| Columbia Pipelines Operating Co. LLC |  |  |
| 5.44%, 02/15/35<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10401 |
| 6.04%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37912 |
| CQP Holdco LP/BIP-V Chinook Holdco LLC |  |  |
| 5.50%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24876 |
| 7.50%, 12/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10794 |
| DCP Midstream Operating LP, 3.25%, 02/15/32 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7451 |
| Delek Logistics Partners LP/Delek Logistics Finance <br> Corp., 7.38%, 06/30/33<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10348 |
| DT Midstream, Inc. |  |  |
| 4.30%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9794 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 4.38%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; $17 | &nbsp;&nbsp; $16770 |
| 5.80%, 12/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10524 |
| Eastern Energy Gas Holdings LLC, 5.80%, <br> 01/15/35<br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16073 |
| El Paso Natural Gas Co. LLC, 3.50%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9441 |
| Enbridge, Inc. |  |  |
| 2.50%, 08/01/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 21812 |
| 5.20%, 11/20/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25493 |
| 5.55%, 06/20/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26196 |
| 5.63%, 04/05/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21151 |
| 5.70%, 03/08/33 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 58446 |
| 7.20%, 06/27/54, (5-year CMT + 2.97%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10775 |
| Energy Transfer LP |  |  |
| 4.90%, 03/15/35 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 34904 |
| 5.55%, 05/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26046 |
| 5.60%, 09/01/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20906 |
| 5.70%, 04/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26269 |
| 5.75%, 02/15/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 53082 |
| 6.50%, 02/15/56, (5-year CMT + 2.68%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10119 |
| 6.55%, 12/01/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 38765 |
| Enterprise Products Operating LLC |  |  |
| 4.85%, 01/31/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20434 |
| 4.95%, 02/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25597 |
| 5.20%, 01/15/36 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30928 |
| 5.35%, 01/31/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31694 |
| Series H, 6.65%, 10/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 28349 |
| Flex Intermediate Holdco LLC, 3.36%, 06/30/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23252 |
| Florida Gas Transmission Co. LLC, 5.75%, <br> 07/15/35<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21045 |
| Genesis Energy LP/Genesis Energy Finance Corp. |  |  |
| 6.75%, 03/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5058 |
| 7.88%, 05/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15693 |
| 8.00%, 05/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10559 |
| Global Partners LP/GLP Finance Corp. |  |  |
| 7.13%, 07/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10332 |
| 8.25%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10549 |
| Harvest Midstream I LP, 7.50%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10363 |
| Howard Midstream Energy Partners LLC |  |  |
| 6.63%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15525 |
| 7.38%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15826 |
| Kinder Morgan Energy Partners LP |  |  |
| 5.80%, 03/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10685 |
| 7.75%, 03/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11710 |
| Kinder Morgan, Inc. |  |  |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25442 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41742 |
| 5.30%, 12/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10371 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36755 |
| 5.85%, 06/01/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16114 |
| 7.80%, 08/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11704 |
| MPLX LP |  |  |
| 4.95%, 09/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20377 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25396 |
| 5.00%, 03/01/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50824 |
| 5.40%, 04/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25576 |
| 5.40%, 09/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30627 |
| 5.50%, 06/01/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31090 |
| NGL Energy Operating LLC/NGL Energy Finance <br> Corp., 8.38%, 02/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26228 |
| NGPL PipeCo LLC, 3.25%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4683 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Northriver Midstream Finance LP, 6.75%, <br> 07/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; $10 | &nbsp;&nbsp; $10281 |
| ONEOK, Inc. |  |  |
| 4.75%, 10/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15208 |
| 5.05%, 11/01/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25089 |
| 5.40%, 10/15/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50962 |
| 5.65%, 09/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10441 |
| 6.00%, 06/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10652 |
| 6.05%, 09/01/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26849 |
| 6.10%, 11/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21590 |
| Plains All American Pipeline LP, 5.95%, 06/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26391 |
| Plains All American Pipeline LP/PAA Finance Corp., <br> 5.70%, 09/15/34<br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5219 |
| Rockies Express Pipeline LLC |  |  |
| 4.80%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4923 |
| 6.75%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15790 |
| Sempra Infrastructure Partners LP, 3.25%, <br> 01/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4509 |
| South Bow Canadian Infrastructure Holdings Ltd., <br> 7.63%, 03/01/55, (5-year CMT + 3.95%)<sup>(a)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10408 |
| South Bow USA Infrastructure Holdings LLC, 5.58%, <br> 10/01/34<br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20377 |
| Tallgrass Energy Partners LP/Tallgrass Energy <br> Finance Corp.<br>|  |  |
| 6.00%, 12/31/30<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10133 |
| 6.00%, 09/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10100 |
| 6.75%, 03/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10275 |
| Targa Resources Corp. |  |  |
| 5.50%, 02/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15519 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25909 |
| 5.65%, 02/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26002 |
| 6.13%, 03/15/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32453 |
| 6.50%, 03/30/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5536 |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp., 4.00%, 01/15/32<br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9711 |
| Texas Eastern Transmission LP, 7.00%, 07/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5686 |
| TransCanada PipeLines Ltd. |  |  |
| 4.63%, 03/01/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29800 |
| 5.60%, 03/31/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10603 |
| Venture Global Calcasieu Pass LLC |  |  |
| 3.88%, 11/01/33<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26705 |
| 4.13%, 08/15/31<sup>(b)</sup> | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 24391 |
| Venture Global LNG, Inc. |  |  |
| 8.38%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51180 |
| 9.88%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37089 |
| Venture Global Plaquemines LNG LLC |  |  |
| 6.50%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42097 |
| 6.50%, 06/15/34<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26299 |
| 6.75%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26657 |
| 7.50%, 05/01/33<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 22194 |
| 7.75%, 05/01/35<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 28370 |
| Western Midstream Operating LP |  |  |
| 5.45%, 11/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25420 |
| 5.50%, 12/15/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5044 |
| 6.15%, 04/01/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21383 |
| Whistler Pipeline LLC, 5.95%, 09/30/34<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20967 |
| Williams Companies, Inc.(The) |  |  |
| 2.60%, 03/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9248 |
| 4.65%, 08/15/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 45541 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35868 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25278 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.30%, 09/30/35 | &nbsp;&nbsp; $25 | &nbsp;&nbsp; $25663 |
| 5.60%, 03/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21010 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5289 |
|  |  | &nbsp;&nbsp; 2477012 |
| **Private Equity — 0.0%** | **Private Equity — 0.0%** | **Private Equity — 0.0%** |
| Carlyle Group, Inc. (The), 5.05%, 09/19/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24651 |
| KKR & Co., Inc., 5.10%, 08/07/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24667 |
|  |  | &nbsp;&nbsp; 49318 |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| CBRE Services, Inc. |  |  |
| 4.90%, 01/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5059 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20694 |
| 5.95%, 08/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16035 |
| Cushman & Wakefield U.S. Borrower LLC, 8.88%, <br> 09/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10586 |
| Howard Hughes Corp.(The) |  |  |
| 4.38%, 02/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9510 |
| 5.88%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9995 |
| 6.13%, 03/01/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9977 |
| Kennedy-Wilson, Inc., 5.00%, 03/01/31<sup>(c)</sup> | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11648 |
|  |  | &nbsp;&nbsp; 93504 |
| **Real Estate Investment Trusts — 0.8%** | **Real Estate Investment Trusts — 0.8%** | **Real Estate Investment Trusts — 0.8%** |
| Agree LP |  |  |
| 2.60%, 06/15/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13077 |
| 4.80%, 10/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10157 |
| 5.60%, 06/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10550 |
| Alexandria Real Estate Equities, Inc. |  |  |
| 1.88%, 02/01/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 20770 |
| 2.00%, 05/18/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4292 |
| 2.95%, 03/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8702 |
| 3.38%, 08/15/31 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 32963 |
| 4.75%, 04/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9741 |
| 5.50%, 10/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10269 |
| American Assets Trust LP, 6.15%, 10/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10226 |
| American Homes 4 Rent LP |  |  |
| 3.63%, 04/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18978 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10083 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15465 |
| 5.50%, 07/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10290 |
| American Tower Corp. |  |  |
| 2.30%, 09/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13492 |
| 2.70%, 04/15/31 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 32490 |
| 4.70%, 12/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5050 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25928 |
| 5.40%, 01/31/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20787 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15693 |
| 5.55%, 07/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10551 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10617 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26963 |
| Americold Realty Operating Partnership LP |  |  |
| 5.41%, 09/12/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9912 |
| 5.60%, 05/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10226 |
| AvalonBay Communities, Inc. |  |  |
| 2.05%, 01/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4446 |
| 5.00%, 08/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25545 |
| 5.30%, 12/07/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21053 |
| 5.35%, 06/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5254 |
| Boston Properties LP |  |  |
| 2.45%, 10/01/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 12412 |
| 2.55%, 04/01/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 39537 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 5.75%, 01/15/35 | &nbsp;&nbsp; $20 | &nbsp;&nbsp; $20380 |
| Brixmor Operating Partnership LP |  |  |
| 2.50%, 08/16/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9083 |
| 4.85%, 02/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5043 |
| 5.75%, 02/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10580 |
| Broadstone Net Lease LLC, 2.60%, 09/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8968 |
| Camden Property Trust, 4.90%, 01/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10210 |
| COPT Defense Properties LP, 2.90%, 12/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8679 |
| Cousins Properties LP, 5.88%, 10/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10476 |
| Crown Castle, Inc. |  |  |
| 2.50%, 07/15/31 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 31642 |
| 5.10%, 05/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5098 |
| 5.80%, 03/01/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42401 |
| CubeSmart LP, 2.50%, 02/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13464 |
| Diversified Healthcare Trust, 4.38%, 03/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9034 |
| DOC DR LLC, 2.63%, 11/01/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4543 |
| EPR Properties, 3.60%, 11/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9391 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| 4.70%, 03/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25095 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20876 |
| Equinix, Inc., 3.90%, 04/15/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 43568 |
| ERP Operating LP, 4.65%, 09/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25023 |
| Essential Properties LP, 5.40%, 12/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25437 |
| Essex Portfolio LP |  |  |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13521 |
| 5.38%, 04/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10318 |
| 5.50%, 04/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10402 |
| Extra Space Storage LP |  |  |
| 2.35%, 03/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8829 |
| 2.40%, 10/15/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26886 |
| 5.35%, 01/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10293 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15465 |
| 5.40%, 06/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10324 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 3.25%, 01/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4565 |
| 5.63%, 09/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10175 |
| 6.75%, 12/01/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27058 |
| Goodman U.S. Finance Six LLC, 5.13%, <br> 10/07/34<sup>(b)</sup><br>| &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35651 |
| Healthpeak OP LLC |  |  |
| 5.25%, 12/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20656 |
| 5.38%, 02/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20607 |
| Highwoods Realty LP, 7.65%, 02/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11394 |
| Host Hotels & Resorts LP |  |  |
| 5.50%, 04/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15308 |
| 5.70%, 07/01/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20811 |
| Series J, 2.90%, 12/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4567 |
| Invitation Homes Operating Partnership LP |  |  |
| 2.00%, 08/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22029 |
| 2.70%, 01/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8587 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14603 |
| Iron Mountain Information Management Services, <br> Inc., 5.00%, 07/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14524 |
| Iron Mountain, Inc. |  |  |
| 4.50%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 22190 |
| 5.25%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 18902 |
| 5.63%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9975 |
| 6.25%, 01/15/33<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30630 |
| Kilroy Realty LP |  |  |
| 2.50%, 11/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 20986 |
| 2.65%, 11/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4086 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 5.88%, 10/15/35 | &nbsp;&nbsp; $5 | &nbsp;&nbsp; $4928 |
| Kimco Realty OP LLC |  |  |
| 3.20%, 04/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18794 |
| 4.60%, 02/01/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15136 |
| 4.85%, 03/01/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20201 |
| 5.30%, 02/01/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25954 |
| 6.40%, 03/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11128 |
| Kite Realty Group LP |  |  |
| 4.95%, 12/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5108 |
| 5.50%, 03/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10416 |
| Ladder Capital Finance Holdings LLLP/Ladder <br> Capital Finance Corp., 7.00%, 07/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10536 |
| Mid-America Apartments LP |  |  |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10175 |
| 5.30%, 02/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15769 |
| Millrose Properties, Inc., 6.25%, 09/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10126 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |
| 3.50%, 03/15/31 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 16901 |
| 8.50%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32112 |
| NNN REIT, Inc., 5.60%, 10/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26386 |
| Omega Healthcare Investors, Inc., 3.25%, <br> 04/15/33<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9027 |
| Phillips Edison Grocery Center Operating <br> Partnership I LP<br>|  |  |
| 2.63%, 11/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9080 |
| 4.95%, 01/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15008 |
| 5.75%, 07/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10587 |
| Piedmont Operating Partnership LP, 2.75%, <br> 04/01/32<br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4358 |
| Prologis LP |  |  |
| 1.63%, 03/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13346 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17996 |
| 4.75%, 06/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25455 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30778 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20808 |
| Prologis Targeted U.S. Logistics Fund LP, 5.25%, <br> 01/15/35<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20582 |
| Public Storage Operating Co. |  |  |
| 2.30%, 05/01/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 27508 |
| 5.00%, 07/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10274 |
| 5.10%, 08/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5210 |
| Rayonier LP, 2.75%, 05/17/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13726 |
| Realty Income Corp. |  |  |
| 1.80%, 03/15/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 12640 |
| 4.50%, 02/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5010 |
| 4.90%, 07/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5115 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10344 |
| 5.13%, 04/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15424 |
| 5.63%, 10/13/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32067 |
| Regency Centers LP |  |  |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10222 |
| 5.25%, 01/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5185 |
| RHP Hotel Properties LP/RHP Finance Corp. |  |  |
| 5.75%, 03/15/34<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5033 |
| 6.50%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20719 |
| 6.50%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10393 |
| Sabra Health Care LP, 3.20%, 12/01/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13874 |
| Safehold GL Holdings LLC |  |  |
| 2.80%, 06/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13857 |
| 5.65%, 01/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10433 |
| 6.10%, 04/01/34<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21568 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Service Properties Trust |  |  |
| 8.63%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15780 |
| 8.88%, 06/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10035 |
| Simon Property Group LP |  |  |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13413 |
| 2.65%, 02/01/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 31907 |
| 4.75%, 09/26/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40224 |
| 5.13%, 10/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25604 |
| Store Capital LLC, 2.70%, 12/01/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17906 |
| Sun Communities Operating LP |  |  |
| 2.70%, 07/15/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13767 |
| 4.20%, 04/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14709 |
| UDR, Inc. |  |  |
| 1.90%, 03/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4190 |
| 3.00%, 08/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23400 |
| 3.10%, 11/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8799 |
| 5.13%, 09/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10221 |
| Ventas Realty LP |  |  |
| 2.50%, 09/01/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13629 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15135 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24979 |
| 5.63%, 07/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5262 |
| VICI Properties LP |  |  |
| 5.13%, 11/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5088 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20252 |
| 5.63%, 04/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25733 |
| 5.75%, 04/01/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36388 |
| Vornado Realty LP, 3.40%, 06/01/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4573 |
| Welltower OP LLC |  |  |
| 2.75%, 01/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18446 |
| 3.85%, 06/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19545 |
| 5.13%, 07/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25754 |
| Weyerhaeuser Co. |  |  |
| 3.38%, 03/09/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4635 |
| 7.38%, 03/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11469 |
| WP Carey, Inc. |  |  |
| 2.45%, 02/01/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4476 |
| 5.38%, 06/30/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15595 |
|  |  | &nbsp;&nbsp; 2398063 |
| **Retail — 0.7%** | **Retail — 0.7%** | **Retail — 0.7%** |
| Advance Auto Parts, Inc. |  |  |
| 3.50%, 03/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8853 |
| 7.38%, 08/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15370 |
| Asbury Automotive Group, Inc., 5.00%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 12640 |
| AutoNation, Inc. |  |  |
| 2.40%, 08/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8991 |
| 3.85%, 03/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19080 |
| 5.89%, 03/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10431 |
| AutoZone, Inc. |  |  |
| 4.75%, 02/01/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50589 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5188 |
| 5.40%, 07/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15663 |
| Bath & Body Works, Inc. |  |  |
| 6.63%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20450 |
| 6.95%, 03/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5004 |
| BCPE Flavor Debt Merger Sub LLC and BCPE <br> Flavor Issuer, Inc., 9.50%, 07/01/32<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23036 |
| Carvana Co., 9.00%, 06/01/31, (9.00 % Cash)<sup>(b)(d)</sup> | &nbsp;&nbsp; 56 | &nbsp;&nbsp; 61238 |
| CK Hutchison International 24 Ltd., 5.50%, <br> 04/26/34<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 211694 |
| Costco Wholesale Corp., 1.75%, 04/20/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 21958 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Cougar JV Subsidiary LLC, 8.00%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; $10 | &nbsp;&nbsp; $10680 |
| Darden Restaurants, Inc., 6.30%, 10/10/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10965 |
| Dick's Sporting Goods, Inc., 3.15%, 01/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18578 |
| Dollar General Corp. |  |  |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5129 |
| 5.45%, 07/05/33<sup>(c)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41926 |
| Dollar Tree, Inc., 2.65%, 12/01/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4572 |
| Ferguson Enterprises, Inc., 5.00%, 10/03/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15232 |
| FirstCash, Inc., 6.88%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10330 |
| Gap, Inc. (The), 3.88%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11167 |
| Genuine Parts Co. |  |  |
| 2.75%, 02/01/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22150 |
| 6.88%, 11/01/33<sup>(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11042 |
| Global Auto Holdings Ltd./AAG FH U.K. Ltd., 8.75%, <br> 01/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9250 |
| Home Depot, Inc.(The) |  |  |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 35224 |
| 3.25%, 04/15/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 42938 |
| 4.50%, 09/15/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40804 |
| 4.65%, 09/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19991 |
| 4.85%, 06/25/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41699 |
| 4.95%, 06/25/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41314 |
| Kohl's Corp., 5.13%, 05/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8505 |
| LBM Acquisition LLC, 9.50%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23325 |
| LCM Investments Holdings II LLC, 8.25%, <br> 08/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15797 |
| Lowe's Companies, Inc. |  |  |
| 2.63%, 04/01/31 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 55646 |
| 3.75%, 04/01/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 43565 |
| 5.00%, 04/15/33 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41257 |
| 5.15%, 07/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10383 |
| Lowe's Cos., Inc. |  |  |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25074 |
| 4.50%, 10/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25118 |
| 4.85%, 10/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29964 |
| Macy's Retail Holdings LLC |  |  |
| 6.13%, 03/15/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10077 |
| 6.70%, 07/15/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9714 |
| 7.38%, 08/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10473 |
| McDonald's Corp. |  |  |
| 4.60%, 09/09/32 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 56451 |
| 4.95%, 03/03/35 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35865 |
| Michaels Companies, Inc.(The) |  |  |
| 8.50%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 48634 |
| 11.00%, 03/15/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14062 |
| Nordstrom, Inc., 4.25%, 08/01/31 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 15879 |
| O'Reilly Automotive, Inc. |  |  |
| 1.75%, 03/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4439 |
| 4.70%, 06/15/32 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50831 |
| 5.00%, 08/19/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10161 |
| Park River Holdings, Inc., 8.00%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10058 |
| PetSmart LLC/PetSmart Finance Corp., 10.00%, <br> 09/15/33<sup>(b)</sup><br>| &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50108 |
| QVC, Inc., 5.45%, 08/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 2136 |
| QXO Building Products, Inc., 6.75%, 04/30/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41455 |
| Ross Stores, Inc., 1.88%, 04/15/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4458 |
| Sally Holdings LLC/Sally Capital, Inc., 6.75%, <br> 03/01/32<sup>(c)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10381 |
| Sonic Automotive, Inc., 4.88%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6753 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Starbucks Corp. |  |  |
| 5.00%, 02/15/34 | &nbsp;&nbsp; $40 | &nbsp;&nbsp; $41278 |
| 5.40%, 05/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10536 |
| Suburban Propane Partners LP/Suburban Energy <br> Finance Corp.<br>|  |  |
| 5.00%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9630 |
| 6.50%, 12/15/35<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24754 |
| Target Corp. |  |  |
| 4.40%, 01/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25313 |
| 4.50%, 09/15/32<sup>(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25573 |
| 4.50%, 09/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19997 |
| 5.00%, 04/15/35<sup>(c)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20530 |
| 6.35%, 11/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11179 |
| Tractor Supply Co., 5.25%, 05/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25966 |
| Walmart, Inc. |  |  |
| 4.10%, 04/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25139 |
| 4.15%, 09/09/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25354 |
| 4.90%, 04/28/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31121 |
| Yum! Brands, Inc. |  |  |
| 3.63%, 03/15/31 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 17093 |
| 4.63%, 01/31/32 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 22638 |
| 5.38%, 04/01/32 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 22359 |
|  |  | &nbsp;&nbsp; 1912205 |
| **Semiconductors — 0.5%** | **Semiconductors — 0.5%** | **Semiconductors — 0.5%** |
| Advanced Micro Devices, Inc., 3.92%, 06/01/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14858 |
| Amkor Technology, Inc., 5.88%, 10/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10215 |
| Analog Devices, Inc. |  |  |
| 2.10%, 10/01/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22508 |
| 5.05%, 04/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10464 |
| Applied Materials, Inc., 4.60%, 01/15/36 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9946 |
| Broadcom, Inc. |  |  |
| 2.60%, 02/15/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 44511 |
| 3.14%, 11/15/35<sup>(b)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 52414 |
| 3.42%, 04/15/33 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 65521 |
| 3.47%, 04/15/34 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 50818 |
| 4.15%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24727 |
| 4.30%, 11/15/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 44843 |
| 4.55%, 02/15/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15189 |
| 4.60%, 01/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25266 |
| 4.80%, 10/15/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35355 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50131 |
| 4.90%, 07/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25741 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25299 |
| 5.15%, 11/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10469 |
| 5.20%, 07/15/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51677 |
| Foundry JV Holdco LLC |  |  |
| 5.88%, 01/25/34<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5217 |
| 5.90%, 01/25/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10592 |
| 6.25%, 01/25/35<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16146 |
| Intel Corp. |  |  |
| 2.00%, 08/12/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26577 |
| 4.00%, 12/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19319 |
| 4.15%, 08/05/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29325 |
| 5.20%, 02/10/33 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 72098 |
| KLA Corp., 4.65%, 07/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20492 |
| Marvell Technology, Inc. |  |  |
| 2.95%, 04/15/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28039 |
| 5.45%, 07/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10387 |
| Micron Technology, Inc. |  |  |
| 2.70%, 04/15/32 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 41132 |
| 5.80%, 01/15/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21415 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 5.88%, 02/09/33 | &nbsp;&nbsp; $10 | &nbsp;&nbsp; $10754 |
| 5.88%, 09/15/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 37595 |
| 6.05%, 11/01/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32613 |
| NVIDIA Corp., 2.00%, 06/15/31 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 45516 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 2.50%, 05/11/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9157 |
| 2.65%, 02/15/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22561 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 27565 |
| 5.25%, 08/19/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10214 |
| Qorvo, Inc., 3.38%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4608 |
| QUALCOMM, Inc. |  |  |
| 1.65%, 05/20/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 21612 |
| 4.25%, 05/20/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5035 |
| 4.65%, 05/20/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25260 |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5136 |
| 5.00%, 05/20/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15349 |
| 5.40%, 05/20/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5321 |
| Skyworks Solutions, Inc., 3.00%, 06/01/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13656 |
| Texas Instruments, Inc. |  |  |
| 3.65%, 08/16/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4859 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25809 |
| 4.90%, 03/14/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20754 |
| 5.10%, 05/23/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10417 |
| TSMC Global Ltd., 2.25%, 04/23/31<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 184017 |
|  |  | &nbsp;&nbsp; 1428499 |
| **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** |
| Huntington Ingalls Industries, Inc., 5.75%, 01/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16033 |
| **Software — 0.5%** | **Software — 0.5%** | **Software — 0.5%** |
| Adobe, Inc. |  |  |
| 4.95%, 04/04/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5109 |
| 5.30%, 01/17/35<sup>(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26058 |
| Atlassian Corp., 5.50%, 05/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9968 |
| Autodesk, Inc. |  |  |
| 2.40%, 12/15/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 26868 |
| 5.30%, 06/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10180 |
| Broadridge Financial Solutions, Inc., 2.60%, <br> 05/01/31<br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9065 |
| Cadence Design Systems, Inc., 4.70%, 09/10/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15114 |
| Cloud Software Group, Inc. |  |  |
| 6.63%, 08/15/33<sup>(b)(c)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14156 |
| 8.25%, 06/30/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30026 |
| Constellation Software, Inc./Canada, 5.46%, <br> 02/16/34<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9965 |
| Fair Isaac Corp., 6.00%, 05/15/33<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40429 |
| Fidelity National Information Services, Inc., 5.10%, <br> 07/15/32<br>| &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30479 |
| Fiserv, Inc. |  |  |
| 5.15%, 08/12/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24897 |
| 5.25%, 08/11/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20002 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40774 |
| 5.60%, 03/02/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25853 |
| 5.63%, 08/21/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5176 |
| Intuit, Inc., 5.20%, 09/15/33 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36213 |
| MSCI, Inc. |  |  |
| 3.25%, 08/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13359 |
| 3.63%, 11/01/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28199 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15004 |
| Open Text Holdings, Inc., 4.13%, 12/01/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8708 |
| Oracle Corp. |  |  |
| 2.88%, 03/25/31 | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 77261 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 3.90%, 05/15/35 | &nbsp;&nbsp; $25 | &nbsp;&nbsp; $21896 |
| 4.30%, 07/08/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22852 |
| 4.70%, 09/27/34 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 51669 |
| 4.80%, 09/26/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 39099 |
| 4.90%, 02/06/33 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 58633 |
| 5.20%, 09/26/35 | &nbsp;&nbsp; 105 | &nbsp;&nbsp; 101474 |
| 5.25%, 02/03/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5018 |
| 5.35%, 05/04/33 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 75298 |
| 5.50%, 08/03/35 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 44460 |
| 5.70%, 02/04/36 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35012 |
| 6.25%, 11/09/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42246 |
| Paychex, Inc. |  |  |
| 5.35%, 04/15/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35887 |
| 5.60%, 04/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25619 |
| Roper Technologies, Inc. |  |  |
| 4.90%, 10/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24803 |
| 5.10%, 09/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9968 |
| Salesforce, Inc., 1.95%, 07/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22232 |
| SS&C Technologies, Inc., 6.50%, 06/01/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15272 |
| Synopsys, Inc. |  |  |
| 5.00%, 04/01/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30929 |
| 5.15%, 04/01/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51059 |
| Take-Two Interactive Software, Inc., 4.00%, <br> 04/14/32<br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24383 |
| Twilio, Inc., 3.88%, 03/15/31 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8499 |
| VMware LLC, 2.20%, 08/15/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 35831 |
| Workday, Inc., 3.80%, 04/01/32 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28483 |
|  |  | &nbsp;&nbsp; 1333485 |
| **Telecommunications — 1.0%** | **Telecommunications — 1.0%** | **Telecommunications — 1.0%** |
| Altice France SA |  |  |
| 6.50%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9464 |
| 6.88%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 49 | &nbsp;&nbsp; 47509 |
| America Movil SAB de CV |  |  |
| 5.00%, 01/20/33 | &nbsp;&nbsp; 205 | &nbsp;&nbsp; 211623 |
| 6.38%, 03/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11209 |
| AT&T, Inc. |  |  |
| 2.25%, 02/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17865 |
| 2.55%, 12/01/33 | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 73640 |
| 2.75%, 06/01/31 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 41916 |
| 4.40%, 04/30/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25228 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 53627 |
| 4.55%, 11/01/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25153 |
| 4.75%, 04/30/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25346 |
| 4.90%, 11/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25054 |
| 5.13%, 04/30/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25350 |
| 5.38%, 08/15/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31135 |
| 5.40%, 02/15/34 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 73332 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 5.10%, 05/11/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15417 |
| 5.20%, 02/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20581 |
| 6.88%, 09/15/55, (5-year CMT + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20910 |
| British Telecommunications PLC, 4.88%, 11/23/81, <br> (5-year CMT + 3.49%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9753 |
| Cisco Systems, Inc. |  |  |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26042 |
| 5.05%, 02/26/34 | &nbsp;&nbsp; 90 | &nbsp;&nbsp; 93498 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25970 |
| Connect Holding II LLC, 10.50%, 04/03/31<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 38696 |
| Deutsche Telekom International Finance BV, 9.25%, <br> 06/01/32<br>| &nbsp;&nbsp; 25 | &nbsp;&nbsp; 31501 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Empresa Nacional de Telecomunicaciones SA, <br> 3.05%, 09/14/32<sup>(e)</sup><br>| &nbsp;&nbsp; $150 | &nbsp;&nbsp; $134172 |
| Fibercop SpA |  |  |
| Series 2033, 6.38%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15241 |
| Series 2034, 6.00%, 09/30/34<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9835 |
| Frontier Communications Holdings LLC, 8.63%, <br> 03/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15679 |
| Iliad Holding SAS |  |  |
| 7.00%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15421 |
| 8.50%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16062 |
| Level 3 Financing, Inc. |  |  |
| 6.88%, 06/30/33<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41423 |
| 7.00%, 03/31/34<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36379 |
| 8.50%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36436 |
| Motorola Solutions, Inc. |  |  |
| 2.75%, 05/24/31 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 29686 |
| 5.20%, 08/15/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10426 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31311 |
| Orange SA, 9.00%, 03/01/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 48260 |
| Rogers Communications, Inc. |  |  |
| 3.80%, 03/15/32 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 57310 |
| 5.30%, 02/15/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20413 |
| 7.00%, 04/15/55, (5-year CMT + 2.65%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20925 |
| Sprint Capital Corp., 8.75%, 03/15/32 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 47621 |
| Telecom Argentina SA |  |  |
| 9.25%, 05/28/33<sup>(e)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42271 |
| 9.50%, 07/18/31<sup>(e)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10697 |
| Telecom Italia Capital SA |  |  |
| 6.00%, 09/30/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10404 |
| 6.38%, 11/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10604 |
| TELUS Corp. |  |  |
| 3.40%, 05/13/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14018 |
| 7.00%, 10/15/55, (5-year CMT + 2.71%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15824 |
| Series ., 6.38%, 06/09/56, (5-year CMT + <br> 2.69%)<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15229 |
| T-Mobile USA, Inc. |  |  |
| 2.25%, 11/15/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22436 |
| 2.70%, 03/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18209 |
| 3.50%, 04/15/31 | &nbsp;&nbsp; 105 | &nbsp;&nbsp; 101373 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25162 |
| 4.95%, 11/15/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25230 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25153 |
| 5.05%, 07/15/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51557 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5189 |
| 5.15%, 04/15/34 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 46435 |
| 5.20%, 01/15/33<sup>(c)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26004 |
| 5.30%, 05/15/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51753 |
| 5.75%, 01/15/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32047 |
| 6.70%, 12/15/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16972 |
| Uniti Group LP / Uniti Group Finance 2019, Inc. <br> /CSL Capital LLC, Series Feb, 8.63%, <br> 06/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10135 |
| Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC, 8.63%, 06/15/32<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15202 |
| Verizon Communications, Inc. |  |  |
| 2.36%, 03/15/32 | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 84764 |
| 2.55%, 03/21/31 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 64753 |
| 4.27%, 01/15/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23732 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 34252 |
| 4.50%, 08/10/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29908 |
| 4.78%, 02/15/35 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 59735 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.00%, 01/15/36 | &nbsp;&nbsp; $50 | &nbsp;&nbsp; $50221 |
| 5.05%, 05/09/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31088 |
| 5.25%, 04/02/35 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 46337 |
| 5.85%, 09/15/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5415 |
| 6.40%, 09/15/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11168 |
| Viasat, Inc., 7.50%, 05/30/31<sup>(b)</sup> | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11851 |
| Vmed O2 U.K. Financing I PLC |  |  |
| 4.25%, 01/31/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 17630 |
| 4.75%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22231 |
| 7.75%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20000 |
| Vodafone Group PLC |  |  |
| 4.13%, 06/04/81, (5-year CMT + 2.77%)<sup>(a)</sup> | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 20775 |
| 6.25%, 11/30/32 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 27475 |
| Windstream Services LLC, 7.50%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15605 |
| Windstream Services LLC/Windstream Escrow <br> Finance Corp., 8.25%, 10/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 40 | &nbsp;&nbsp; 42065 |
|  |  | &nbsp;&nbsp; 2777328 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro, Inc., 6.05%, 05/14/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10739 |
| **Transportation — 0.2%** | **Transportation — 0.2%** | **Transportation — 0.2%** |
| AP Moller - Maersk A/S, 5.88%, 09/14/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16151 |
| Canadian National Railway Co. |  |  |
| 3.85%, 08/05/32 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14681 |
| 4.38%, 09/18/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14917 |
| 5.85%, 11/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5450 |
| 6.25%, 08/01/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16792 |
| Canadian Pacific Railway Co. |  |  |
| 2.45%, 12/02/31 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 40961 |
| 5.20%, 03/30/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15696 |
| 7.13%, 10/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11414 |
| CSX Corp. |  |  |
| 4.10%, 11/15/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 39842 |
| 5.05%, 06/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10306 |
| Federal Express Corp. Pass-Through Trusts, Series <br> 2020-1, Class AA, 1.88%, 08/20/35<br>| &nbsp;&nbsp; 14 | &nbsp;&nbsp; 12432 |
| FedEx Corp. |  |  |
| 2.40%, 05/15/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9214 |
| 3.90%, 02/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9543 |
| 4.90%, 01/15/34 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 24545 |
| Genesee & Wyoming, Inc., 6.25%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10309 |
| GXO Logistics, Inc. |  |  |
| 2.65%, 07/15/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18298 |
| 6.50%, 05/06/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10900 |
| Norfolk Southern Corp. |  |  |
| 2.30%, 05/15/31 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18267 |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18672 |
| 4.45%, 03/01/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20135 |
| 5.10%, 05/01/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10319 |
| Ryder System, Inc., 6.60%, 12/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11265 |
| Stonepeak Nile Parent LLC, 7.25%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10611 |
| Union Pacific Corp. |  |  |
| 2.38%, 05/20/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4620 |
| 2.80%, 02/14/32 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 51171 |
| 4.50%, 01/20/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15285 |
| 5.10%, 02/20/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26070 |
| United Parcel Service, Inc. |  |  |
| 4.88%, 03/03/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15641 |
| 5.15%, 05/22/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26328 |
| 5.25%, 05/14/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26264 |
| Walmart, Inc., 1.80%, 09/22/31 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 49588 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| Watco Companies LLC/Watco Finance Corp., <br> 7.13%, 08/01/32<sup>(b)</sup><br>| &nbsp;&nbsp; $15 | &nbsp;&nbsp; $15777 |
| XPO CNW, Inc., 6.70%, 05/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5364 |
| XPO, Inc. |  |  |
| 7.13%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10397 |
| 7.13%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10477 |
|  |  | &nbsp;&nbsp; 627702 |
| **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** |
| FTAI Aviation Investors LLC |  |  |
| 5.88%, 04/15/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10150 |
| 7.00%, 05/01/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10485 |
| 7.00%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15750 |
| 7.88%, 12/01/30<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10587 |
| GATX Corp. |  |  |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4732 |
| 4.90%, 03/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20334 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15586 |
| 6.05%, 03/15/34 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 59659 |
| SMBC Aviation Capital Finance DAC |  |  |
| 5.55%, 04/03/34<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20858 |
| 5.70%, 07/25/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15847 |
|  |  | &nbsp;&nbsp; 183988 |
| **Water — 0.0%** | **Water — 0.0%** | **Water — 0.0%** |
| American Water Capital Corp. |  |  |
| 2.30%, 06/01/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13725 |
| 4.45%, 06/01/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20190 |
| 5.15%, 03/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5199 |
| 5.25%, 03/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25986 |
| Essential Utilities, Inc. |  |  |
| 2.40%, 05/01/31 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9129 |
| 5.38%, 01/15/34 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26014 |
|  |  | &nbsp;&nbsp; 100243 |
| **Total Corporate Bonds & Notes — 23.4%** <br>**(Cost: $65,551,522)** | **Total Corporate Bonds & Notes — 23.4%** <br>**(Cost: $65,551,522)** | &nbsp;&nbsp; 67099043 |
| **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** |
| **Angola — 0.1%** | **Angola — 0.1%** | **Angola — 0.1%** |
| Angolan Government International Bonds, 9.88%, <br> 10/15/35<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 204074 |
| **Argentina — 0.2%** | **Argentina — 0.2%** | **Argentina — 0.2%** |
| Argentina Republic Government International <br> Bonds, 4.75%, 07/09/35<sup>(f)</sup><br>| &nbsp;&nbsp; 650 | &nbsp;&nbsp; 489056 |
| Province of Santa Fe, 8.10%, 12/11/34<sup>(e)</sup> | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 97700 |
|  |  | &nbsp;&nbsp; 586756 |
| **Bahrain — 0.1%** | **Bahrain — 0.1%** | **Bahrain — 0.1%** |
| Bahrain Government International Bonds, 5.63%, <br> 09/30/31<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 195261 |
| **Bermuda — 0.0%** | **Bermuda — 0.0%** | **Bermuda — 0.0%** |
| Bermuda Government International Bonds, 5.00%, <br> 07/15/32<sup>(e)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10209 |
| **Brazil — 0.1%** | **Brazil — 0.1%** | **Brazil — 0.1%** |
| Brazil Government International Bonds |  |  |
| 6.13%, 01/22/32 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 209375 |
| 8.25%, 01/20/34 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 116585 |
|  |  | &nbsp;&nbsp; 325960 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Canada — 0.2%** | **Canada — 0.2%** | **Canada — 0.2%** |
| Export Development Canada, 4.75%, 06/05/34 | &nbsp;&nbsp; $25 | &nbsp;&nbsp; $26561 |
| Province of Alberta Canada, 4.50%, 01/24/34 | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 87566 |
| Province of British Columbia Canada |  |  |
| 4.20%, 07/06/33<sup>(c)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50568 |
| 4.80%, 06/11/35<sup>(c)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 67905 |
| Province of Manitoba Canada, 4.90%, 05/31/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21091 |
| Province of Ontario Canada |  |  |
| 1.80%, 10/14/31 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13519 |
| 2.13%, 01/21/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 31887 |
| 4.85%, 06/11/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 52535 |
| 5.05%, 04/24/34 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 106796 |
| Province of Quebec Canada, 4.25%, 09/05/34 | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 110683 |
|  |  | &nbsp;&nbsp; 569111 |
| **Cayman Islands — 0.1%** | **Cayman Islands — 0.1%** | **Cayman Islands — 0.1%** |
| KSA Ijarah Sukuk Ltd., 4.88%, 09/09/35<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 201368 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| Chile Government International Bonds, 3.50%, <br> 01/31/34<br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 186310 |
| **Colombia — 0.1%** | **Colombia — 0.1%** | **Colombia — 0.1%** |
| Colombia Government International Bonds |  |  |
| 3.25%, 04/22/32 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 169686 |
| 6.50%, 01/21/33 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 198678 |
|  |  | &nbsp;&nbsp; 368364 |
| **Dominican Republic — 0.0%** | **Dominican Republic — 0.0%** | **Dominican Republic — 0.0%** |
| Dominican Republic International Bonds, 5.88%, <br> 10/28/35<sup>(e)</sup><br>| &nbsp;&nbsp; 150 | &nbsp;&nbsp; 149833 |
| **Ecuador — 0.1%** | **Ecuador — 0.1%** | **Ecuador — 0.1%** |
| Ecuador Government International Bonds |  |  |
| 6.90%, 07/31/35<sup>(e)(f)</sup> | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 90766 |
| 8.75%, 01/29/34<sup>(b)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 201481 |
|  |  | &nbsp;&nbsp; 292247 |
| **Egypt — 0.1%** | **Egypt — 0.1%** | **Egypt — 0.1%** |
| Egypt Government International Bonds, 9.45%, <br> 02/04/33<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 225090 |
| **El Salvador — 0.0%** | **El Salvador — 0.0%** | **El Salvador — 0.0%** |
| El Salvador Government International Bonds, <br> 8.25%, 04/10/32<sup>(e)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10759 |
| **France — 0.0%** | **France — 0.0%** | **France — 0.0%** |
| Caisse d'Amortissement de la Dette Sociale, 2.13%, <br> 01/26/32<sup>(b)</sup><br>| &nbsp;&nbsp; 30 | &nbsp;&nbsp; 27180 |
| **Ghana — 0.0%** | **Ghana — 0.0%** | **Ghana — 0.0%** |
| Ghana Government International Bonds, 5.00%, <br> 07/03/35<sup>(e)(f)</sup><br>| &nbsp;&nbsp; 30 | &nbsp;&nbsp; 27155 |
| **Guatemala — 0.1%** | **Guatemala — 0.1%** | **Guatemala — 0.1%** |
| Guatemala Government Bonds, 6.05%, 08/06/31<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 209951 |
| **Hungary — 0.1%** | **Hungary — 0.1%** | **Hungary — 0.1%** |
| Hungary Government International Bonds, 2.13%, <br> 09/22/31<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 174650 |
| **Indonesia — 0.1%** | **Indonesia — 0.1%** | **Indonesia — 0.1%** |
| Indonesia Government International Bonds, 2.15%, <br> 07/28/31<br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 178505 |
| Perusahaan Penerbit SBSN Indonesia III, 4.70%, <br> 06/06/32<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 201828 |
|  |  | &nbsp;&nbsp; 380333 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Israel — 0.1%** | **Israel — 0.1%** | **Israel — 0.1%** |
| Israel Government International Bonds, 5.63%, <br> 02/19/35<br>| &nbsp;&nbsp; $200 | &nbsp;&nbsp; $209835 |
| **Italy — 0.0%** | **Italy — 0.0%** | **Italy — 0.0%** |
| Republic of Italy Government International Bonds, <br> 5.38%, 06/15/33<br>| &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32196 |
| **Japan — 0.1%** | **Japan — 0.1%** | **Japan — 0.1%** |
| Japan Bank for International Cooperation, 1.88%, <br> 04/15/31<br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 182584 |
| **Kuwait — 0.1%** | **Kuwait — 0.1%** | **Kuwait — 0.1%** |
| Kuwait International Government Bonds, 4.65%, <br> 10/09/35<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 200852 |
| **Lebanon — 0.0%** | **Lebanon — 0.0%** | **Lebanon — 0.0%** |
| Lebanon Government International Bonds, 7.00%, <br> 03/23/32<sup>(e)(h)(i)</sup><br>| &nbsp;&nbsp; 16 | &nbsp;&nbsp; 4712 |
| **Mexico — 0.2%** | **Mexico — 0.2%** | **Mexico — 0.2%** |
| Mexico Government International Bonds |  |  |
| 4.75%, 04/27/32 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 196624 |
| 5.63%, 09/22/35 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 200012 |
| 5.85%, 07/02/32 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 207540 |
|  |  | &nbsp;&nbsp; 604176 |
| **Morocco — 0.1%** | **Morocco — 0.1%** | **Morocco — 0.1%** |
| Morocco Government International Bonds, 6.50%, <br> 09/08/33<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 217951 |
| **Nigeria — 0.1%** | **Nigeria — 0.1%** | **Nigeria — 0.1%** |
| Nigeria Government International Bonds, 7.88%, <br> 02/16/32<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 209580 |
| **Oman — 0.1%** | **Oman — 0.1%** | **Oman — 0.1%** |
| Oman Sovereign Sukuk Co., 4.53%, 04/17/33<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 198464 |
| **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** |
| Panama Government International Bonds |  |  |
| 2.25%, 09/29/32 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 168502 |
| 5.23%, 02/23/34 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 199855 |
|  |  | &nbsp;&nbsp; 368357 |
| **Peru — 0.1%** | **Peru — 0.1%** | **Peru — 0.1%** |
| Peru Government International Bonds |  |  |
| 1.86%, 12/01/32 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 8398 |
| 3.00%, 01/15/34 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 175995 |
|  |  | &nbsp;&nbsp; 184393 |
| **Philippines — 0.1%** | **Philippines — 0.1%** | **Philippines — 0.1%** |
| Philippines Government International Bonds |  |  |
| 5.25%, 05/14/34 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 208413 |
| 6.38%, 01/15/32 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 110786 |
|  |  | &nbsp;&nbsp; 319199 |
| **Poland — 0.1%** | **Poland — 0.1%** | **Poland — 0.1%** |
| Bank Gospodarstwa Krajowego, 5.38%, 05/22/33<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 209365 |
| Republic of Poland Government International Bonds |  |  |
| 4.88%, 10/04/33 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51315 |
| 5.75%, 11/16/32 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 22643 |
|  |  | &nbsp;&nbsp; 283323 |
| **Qatar — 0.1%** | **Qatar — 0.1%** | **Qatar — 0.1%** |
| Qatar Government International Bonds, 4.88%, <br> 02/27/35<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 210568 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Romania — 0.0%** | **Romania — 0.0%** | **Romania — 0.0%** |
| Romanian Government International Bonds |  |  |
| 3.63%, 03/27/32<sup>(e)</sup> | &nbsp;&nbsp; $42 | &nbsp;&nbsp; $38969 |
| 5.75%, 03/24/35<sup>(e)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50518 |
| 6.38%, 01/30/34<sup>(e)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 73998 |
|  |  | &nbsp;&nbsp; 163485 |
| **Saudi Arabia — 0.1%** | **Saudi Arabia — 0.1%** | **Saudi Arabia — 0.1%** |
| Saudi Government International Bonds |  |  |
| 5.00%, 01/16/34<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 205137 |
| 5.50%, 10/25/32<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 211396 |
|  |  | &nbsp;&nbsp; 416533 |
| **South Korea — 0.1%** | **South Korea — 0.1%** | **South Korea — 0.1%** |
| Export-Import Bank of Korea, 5.13%, 01/11/33 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 212496 |
| **Sri Lanka — 0.0%** | **Sri Lanka — 0.0%** | **Sri Lanka — 0.0%** |
| Sri Lanka Government International Bonds, 3.35%, <br> 03/15/33<sup>(e)(f)</sup><br>| &nbsp;&nbsp; 40 | &nbsp;&nbsp; 37303 |
| **Supranational — 0.7%** | **Supranational — 0.7%** | **Supranational — 0.7%** |
| African Development Bank |  |  |
| 4.13%, 01/22/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25215 |
| 4.50%, 06/12/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20798 |
| 5.75% , (5-year CMT + 1.58%)<sup>(a)(g)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10053 |
| African Export-Import Bank (The), 3.80%, <br> 05/17/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9038 |
| Asian Development Bank |  |  |
| 1.50%, 03/04/31 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 36256 |
| 3.13%, 04/27/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 33924 |
| 3.88%, 09/28/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20174 |
| 3.88%, 06/14/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10057 |
| 4.00%, 01/12/33 | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 96436 |
| 4.13%, 01/12/34 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 45870 |
| 4.25%, 01/14/36 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51033 |
| 4.38%, 03/22/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51642 |
| Asian Infrastructure Investment Bank(The) |  |  |
| 4.25%, 03/13/34 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 82233 |
| 4.50%, 05/21/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31285 |
| European Bank for Reconstruction & Development, <br> 4.25%, 03/13/34<br>| &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51369 |
| European Investment Bank |  |  |
| 3.75%, 02/14/33 | &nbsp;&nbsp; 104 | &nbsp;&nbsp; 103955 |
| 4.13%, 02/13/34 | &nbsp;&nbsp; 185 | &nbsp;&nbsp; 188726 |
| 4.25%, 08/16/32 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36096 |
| 4.25%, 02/08/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25530 |
| 4.38%, 10/10/31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31130 |
| 4.63%, 02/12/35 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 78868 |
| Inter-American Development Bank |  |  |
| 3.50%, 04/12/33 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 44223 |
| 3.63%, 09/17/31<sup>(c)</sup> | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50010 |
| 4.13%, 01/23/36 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35292 |
| 4.38%, 07/17/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31012 |
| 4.38%, 07/16/35 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 77352 |
| 4.50%, 09/13/33 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31354 |
| International Bank for Reconstruction & <br> Development<br>|  |  |
| 1.63%, 11/03/31 | &nbsp;&nbsp; 135 | &nbsp;&nbsp; 121182 |
| 2.50%, 03/29/32 | &nbsp;&nbsp; 115 | &nbsp;&nbsp; 107776 |
| 3.88%, 08/28/34 | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 94853 |
| 4.00%, 05/06/32 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20365 |
| 4.38%, 08/27/35 | &nbsp;&nbsp; 105 | &nbsp;&nbsp; 108401 |
| 4.50%, 04/10/31 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26070 |
| 4.63%, 01/15/32 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 68290 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| 4.75%, 11/14/33 | &nbsp;&nbsp; $110 | &nbsp;&nbsp; $116768 |
| International Development Association |  |  |
| 3.88%, 09/17/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10068 |
| 4.50%, 02/12/35<sup>(b)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41559 |
|  |  | &nbsp;&nbsp; 2024263 |
| **Turkey — 0.2%** | **Turkey — 0.2%** | **Turkey — 0.2%** |
| Turkiye Government International Bonds |  |  |
| 6.50%, 01/03/35 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 198712 |
| 7.13%, 07/17/32 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 208525 |
| 9.38%, 01/19/33 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 232939 |
|  |  | &nbsp;&nbsp; 640176 |
| **Ukraine — 0.0%** | **Ukraine — 0.0%** | **Ukraine — 0.0%** |
| Ukraine Government International Bonds |  |  |
| 3.00%, 02/01/34<sup>(e)(f)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 29198 |
| 4.50%, 02/01/34<sup>(e)(f)</sup> | &nbsp;&nbsp; 74 | &nbsp;&nbsp; 45741 |
| 4.50%, 02/01/35<sup>(e)(f)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 36469 |
|  |  | &nbsp;&nbsp; 111408 |
| **United Arab Emirates — 0.2%** | **United Arab Emirates — 0.2%** | **United Arab Emirates — 0.2%** |
| Abu Dhabi Government International Bonds, 5.00%, <br> 04/30/34<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 211514 |
| Sharjah Sukuk Program Ltd., 6.09%, 03/19/34<sup>(e)</sup> | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 212936 |
| UAE International Government Bonds, 4.86%, <br> 07/02/34<sup>(e)</sup><br>| &nbsp;&nbsp; 200 | &nbsp;&nbsp; 209363 |
|  |  | &nbsp;&nbsp; 633813 |
| **Uruguay — 0.0%** | **Uruguay — 0.0%** | **Uruguay — 0.0%** |
| Uruguay Government International Bonds, 5.75%, <br> 10/28/34<br>| &nbsp;&nbsp; 50 | &nbsp;&nbsp; 53697 |
| **Zambia — 0.0%** | **Zambia — 0.0%** | **Zambia — 0.0%** |
| Zambia Government International Bonds, 5.75%, <br> 06/30/33<sup>(e)(f)</sup><br>| &nbsp;&nbsp; 43 | &nbsp;&nbsp; 41206 |
| **Total Foreign Government Obligations — 4.1%** <br>**(Cost: $11,311,650)** | **Total Foreign Government Obligations — 4.1%** <br>**(Cost: $11,311,650)** | &nbsp;&nbsp; 11705181 |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **California — 0.1%** | **California — 0.1%** | **California — 0.1%** |
| State of California GO |  |  |
| 4.35%, 11/01/32 | &nbsp;&nbsp; 150 | &nbsp;&nbsp; 153566 |
| 5.75%, 10/01/31 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 54705 |
| 6.00%, 03/01/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 16822 |
|  |  | &nbsp;&nbsp; 225093 |
| **Illinois — 0.0%** | **Illinois — 0.0%** | **Illinois — 0.0%** |
| State of Illinois GO, 5.10%, 06/01/33 | &nbsp;&nbsp; 109 | &nbsp;&nbsp; 112891 |
| **Total Municipal Debt Obligations — 0.1%** <br>**(Cost: $325,051)** | **Total Municipal Debt Obligations — 0.1%** <br>**(Cost: $325,051)** | &nbsp;&nbsp; 337984 |
| **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** |
| **Mortgage-Backed Securities — 48.7%** | **Mortgage-Backed Securities — 48.7%** | **Mortgage-Backed Securities — 48.7%** |
| Federal Home Loan Mortgage Corp. |  |  |
| 2.50%, 01/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4475 |
| 3.00%, 03/01/46 | &nbsp;&nbsp; 88 | &nbsp;&nbsp; 81801 |
| 3.00%, 07/01/46 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5586 |
| 3.00%, 08/01/46 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 37273 |
| 3.00%, 09/01/46 | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 26037 |
| 3.00%, 10/01/46 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 13856 |
| 3.00%, 12/01/46 | &nbsp;&nbsp; 140 | &nbsp;&nbsp; 130216 |
| 3.00%, 01/01/47 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 21434 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 02/01/47 | &nbsp;&nbsp; $76 | &nbsp;&nbsp; $70761 |
| 3.00%, 06/01/47 | &nbsp;&nbsp; 67 | &nbsp;&nbsp; 62521 |
| 3.00%, 08/01/47 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8381 |
| 3.00%, 09/01/47 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 17021 |
| 3.00%, 10/01/47 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 14508 |
| 3.50%, 06/01/34 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4223 |
| 3.50%, 03/01/38 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 34762 |
| 3.50%, 10/01/42 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 30105 |
| 3.50%, 10/01/44 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 12751 |
| 3.50%, 03/01/46 | &nbsp;&nbsp; 71 | &nbsp;&nbsp; 68353 |
| 3.50%, 12/01/46 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8598 |
| 3.50%, 01/01/47 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13272 |
| 3.50%, 04/01/47 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 21331 |
| 3.50%, 07/01/47 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 19713 |
| 3.50%, 08/01/47 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3230 |
| 3.50%, 09/01/47 | &nbsp;&nbsp; 51 | &nbsp;&nbsp; 48268 |
| 3.50%, 12/01/47 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2596 |
| 3.50%, 02/01/48 | &nbsp;&nbsp; 49 | &nbsp;&nbsp; 46955 |
| 3.50%, 03/01/48 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 20368 |
| 3.50%, 05/01/48 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 12632 |
| 3.50%, 04/01/49 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 33536 |
| 3.50%, 05/01/49 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7945 |
| 3.50%, 06/01/49 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11093 |
| 4.00%, 09/01/45 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8154 |
| 4.00%, 02/01/46 | &nbsp;&nbsp; 69 | &nbsp;&nbsp; 68254 |
| 4.00%, 10/01/46 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3938 |
| 4.00%, 10/01/47 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1798 |
| 4.00%, 01/01/48 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14143 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6765 |
| 4.00%, 06/01/48 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16508 |
| 4.00%, 12/01/48 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9402 |
| 4.00%, 01/01/49 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2681 |
| 4.50%, 10/01/48 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16920 |
| 4.50%, 01/01/49 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7475 |
| 5.00%, 12/01/41 | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 135823 |
| Federal Home Loan Mortgage Corp. Multifamily <br> Structured Pass-Through Certificates<br>|  |  |
| 2.45%, 04/25/32 | &nbsp;&nbsp; 400 | &nbsp;&nbsp; 368240 |
| Series K-1512, Class A2, 2.99%, 05/25/31 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 67343 |
| Federal National Mortgage Association |  |  |
| 3.00%, 02/01/47 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18876 |
| 3.50%, 11/01/51 | &nbsp;&nbsp; 218 | &nbsp;&nbsp; 209422 |
| 4.00%, 02/01/47 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 18895 |
| 4.00%, 02/01/57 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16281 |
| Series 2018-M12, Class A2, 3.63%, 08/25/30<sup>(a)</sup> | &nbsp;&nbsp; 261 | &nbsp;&nbsp; 260146 |
| Series 2021-M17, Class A2, 1.71%, 07/25/31<sup>(a)</sup> | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 225630 |
| Government National Mortgage Association |  |  |
| 2.00%, 08/20/50 | &nbsp;&nbsp; 129 | &nbsp;&nbsp; 109514 |
| 2.00%, 12/20/50 | &nbsp;&nbsp; 358 | &nbsp;&nbsp; 303210 |
| 2.00%, 01/20/51 | &nbsp;&nbsp; 522 | &nbsp;&nbsp; 442791 |
| 2.00%, 02/20/51 | &nbsp;&nbsp; 768 | &nbsp;&nbsp; 651069 |
| 2.00%, 10/20/51 | &nbsp;&nbsp; 387 | &nbsp;&nbsp; 327878 |
| 2.00%, 12/20/51 | &nbsp;&nbsp; 930 | &nbsp;&nbsp; 788057 |
| 2.00%, 02/20/52 | &nbsp;&nbsp; 2197 | &nbsp;&nbsp; 1861607 |
| 2.00%, 04/20/52 | &nbsp;&nbsp; 424 | &nbsp;&nbsp; 358981 |
| 2.00%, 03/19/56<sup>(j)</sup> | &nbsp;&nbsp; 550 | &nbsp;&nbsp; 465863 |
| 2.50%, 12/20/46 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 25986 |
| 2.50%, 01/20/47 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 12390 |
| 2.50%, 08/20/50 | &nbsp;&nbsp; 112 | &nbsp;&nbsp; 98098 |
| 2.50%, 09/20/50 | &nbsp;&nbsp; 175 | &nbsp;&nbsp; 153028 |
| 2.50%, 01/20/51 | &nbsp;&nbsp; 162 | &nbsp;&nbsp; 143042 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.50%, 04/20/51 | &nbsp;&nbsp; $572 | &nbsp;&nbsp; $505197 |
| 2.50%, 05/20/51 | &nbsp;&nbsp; 249 | &nbsp;&nbsp; 219528 |
| 2.50%, 07/20/51 | &nbsp;&nbsp; 723 | &nbsp;&nbsp; 638246 |
| 2.50%, 08/20/51 | &nbsp;&nbsp; 744 | &nbsp;&nbsp; 656880 |
| 2.50%, 11/20/51 | &nbsp;&nbsp; 776 | &nbsp;&nbsp; 685343 |
| 2.50%, 12/20/51 | &nbsp;&nbsp; 247 | &nbsp;&nbsp; 218355 |
| 2.50%, 02/20/52 | &nbsp;&nbsp; 539 | &nbsp;&nbsp; 475896 |
| 2.50%, 03/20/52 | &nbsp;&nbsp; 1151 | &nbsp;&nbsp; 1016156 |
| 2.50%, 03/19/56<sup>(j)</sup> | &nbsp;&nbsp; 400 | &nbsp;&nbsp; 352923 |
| 3.00%, 03/20/45 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 23322 |
| 3.00%, 05/20/45 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 51363 |
| 3.00%, 07/20/45 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 44202 |
| 3.00%, 10/20/45 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4807 |
| 3.00%, 11/20/45 | &nbsp;&nbsp; 165 | &nbsp;&nbsp; 153565 |
| 3.00%, 12/20/45 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14017 |
| 3.00%, 01/20/46 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7331 |
| 3.00%, 02/20/46 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 16862 |
| 3.00%, 03/20/46 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 40547 |
| 3.00%, 05/20/46 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 20092 |
| 3.00%, 06/20/46 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14354 |
| 3.00%, 07/20/46 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 12130 |
| 3.00%, 08/20/46 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 65514 |
| 3.00%, 09/20/46 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 38780 |
| 3.00%, 11/20/46 | &nbsp;&nbsp; 178 | &nbsp;&nbsp; 165564 |
| 3.00%, 12/20/46 | &nbsp;&nbsp; 64 | &nbsp;&nbsp; 59872 |
| 3.00%, 02/20/47 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13087 |
| 3.00%, 06/20/47 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 19083 |
| 3.00%, 11/20/47 | &nbsp;&nbsp; 83 | &nbsp;&nbsp; 77048 |
| 3.00%, 02/20/48 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 12970 |
| 3.00%, 04/20/49 | &nbsp;&nbsp; 267 | &nbsp;&nbsp; 248157 |
| 3.00%, 09/20/49 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10390 |
| 3.00%, 01/20/50 | &nbsp;&nbsp; 82 | &nbsp;&nbsp; 75059 |
| 3.00%, 02/20/50 | &nbsp;&nbsp; 87 | &nbsp;&nbsp; 80318 |
| 3.00%, 07/20/50 | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 34223 |
| 3.00%, 08/20/50 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 45803 |
| 3.00%, 06/20/51 | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 32947 |
| 3.00%, 10/20/51 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 6992 |
| 3.00%, 11/20/51 | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 229692 |
| 3.00%, 02/20/52 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 19250 |
| 3.00%, 03/20/52 | &nbsp;&nbsp; 403 | &nbsp;&nbsp; 366425 |
| 3.00%, 06/20/52 | &nbsp;&nbsp; 984 | &nbsp;&nbsp; 902583 |
| 3.00%, 09/20/52 | &nbsp;&nbsp; 248 | &nbsp;&nbsp; 227617 |
| 3.00%, 03/19/56<sup>(j)</sup> | &nbsp;&nbsp; 450 | &nbsp;&nbsp; 412685 |
| 3.50%, 09/20/42 | &nbsp;&nbsp; 159 | &nbsp;&nbsp; 153933 |
| 3.50%, 10/20/42 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6407 |
| 3.50%, 12/20/42 | &nbsp;&nbsp; 66 | &nbsp;&nbsp; 63714 |
| 3.50%, 04/20/43 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 46079 |
| 3.50%, 06/20/45 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8596 |
| 3.50%, 11/20/45 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 29775 |
| 3.50%, 12/20/45 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2876 |
| 3.50%, 03/20/46 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 33211 |
| 3.50%, 04/20/46 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 15471 |
| 3.50%, 06/20/46 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 54322 |
| 3.50%, 12/20/46 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14101 |
| 3.50%, 01/20/47 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3735 |
| 3.50%, 02/20/47 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9301 |
| 3.50%, 03/20/47 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4224 |
| 3.50%, 09/20/47 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 12996 |
| 3.50%, 11/20/47 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 20677 |
| 3.50%, 02/20/48 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 12055 |
| 3.50%, 04/20/48 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 39572 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 05/20/48 | &nbsp;&nbsp; $31 | &nbsp;&nbsp; $29900 |
| 3.50%, 08/20/48 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 25651 |
| 3.50%, 09/20/48 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2710 |
| 3.50%, 01/20/49 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11192 |
| 3.50%, 03/20/49 | &nbsp;&nbsp; 145 | &nbsp;&nbsp; 138910 |
| 3.50%, 09/20/49 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 28844 |
| 3.50%, 12/20/49 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16073 |
| 3.50%, 03/20/50 | &nbsp;&nbsp; 539 | &nbsp;&nbsp; 514570 |
| 3.50%, 05/20/50 | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 34919 |
| 3.50%, 02/20/52 | &nbsp;&nbsp; 539 | &nbsp;&nbsp; 512499 |
| 3.50%, 03/19/56<sup>(j)</sup> | &nbsp;&nbsp; 1394 | &nbsp;&nbsp; 1308165 |
| 4.00%, 04/20/47 | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 56733 |
| 4.00%, 06/20/47 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 38014 |
| 4.00%, 07/20/47 | &nbsp;&nbsp; 102 | &nbsp;&nbsp; 100217 |
| 4.00%, 11/20/47 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 20347 |
| 4.00%, 03/20/48 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 26100 |
| 4.00%, 04/20/48 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12197 |
| 4.00%, 05/15/48 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5272 |
| 4.00%, 05/20/48 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 31293 |
| 4.00%, 08/20/48 | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 33820 |
| 4.00%, 09/20/48 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13558 |
| 4.00%, 11/20/48 | &nbsp;&nbsp; 76 | &nbsp;&nbsp; 74665 |
| 4.00%, 01/20/50 | &nbsp;&nbsp; 181 | &nbsp;&nbsp; 176832 |
| 4.00%, 02/20/50 | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 45415 |
| 4.00%, 12/20/52 | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 78502 |
| 4.00%, 03/19/56<sup>(j)</sup> | &nbsp;&nbsp; 1425 | &nbsp;&nbsp; 1370670 |
| 4.50%, 07/20/41 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35630 |
| 4.50%, 10/20/46 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 31829 |
| 4.50%, 06/20/47 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3480 |
| 4.50%, 04/20/48 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8277 |
| 4.50%, 06/20/48 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3976 |
| 4.50%, 08/20/48 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 31376 |
| 4.50%, 10/20/48 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 60515 |
| 4.50%, 12/20/48 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11287 |
| 4.50%, 03/20/49 | &nbsp;&nbsp; 113 | &nbsp;&nbsp; 113677 |
| 4.50%, 06/20/49 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 54967 |
| 4.50%, 07/20/49 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14441 |
| 4.50%, 08/20/49 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3389 |
| 4.50%, 07/20/52 | &nbsp;&nbsp; 525 | &nbsp;&nbsp; 523168 |
| 4.50%, 08/20/52 | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 130725 |
| 4.50%, 10/20/54 | &nbsp;&nbsp; 464 | &nbsp;&nbsp; 459379 |
| 4.50%, 11/20/54 | &nbsp;&nbsp; 530 | &nbsp;&nbsp; 524713 |
| 4.50%, 03/19/56<sup>(j)</sup> | &nbsp;&nbsp; 1025 | &nbsp;&nbsp; 1012908 |
| 5.00%, 04/20/48 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9395 |
| 5.00%, 05/20/48 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17291 |
| 5.00%, 11/20/48 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3072 |
| 5.00%, 12/20/48 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19069 |
| 5.00%, 01/20/49 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 26329 |
| 5.00%, 05/20/49 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2351 |
| 5.00%, 06/20/49 | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 73714 |
| 5.00%, 07/20/52 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21626 |
| 5.00%, 12/20/52 | &nbsp;&nbsp; 592 | &nbsp;&nbsp; 597671 |
| 5.00%, 01/20/53 | &nbsp;&nbsp; 146 | &nbsp;&nbsp; 147372 |
| 5.00%, 04/20/53 | &nbsp;&nbsp; 160 | &nbsp;&nbsp; 161757 |
| 5.00%, 11/20/53 | &nbsp;&nbsp; 279 | &nbsp;&nbsp; 281324 |
| 5.00%, 09/20/54 | &nbsp;&nbsp; 147 | &nbsp;&nbsp; 147259 |
| 5.00%, 10/20/54 | &nbsp;&nbsp; 142 | &nbsp;&nbsp; 142512 |
| 5.00%, 11/20/54 | &nbsp;&nbsp; 511 | &nbsp;&nbsp; 514067 |
| 5.00%, 12/20/54 | &nbsp;&nbsp; 582 | &nbsp;&nbsp; 584656 |
| 5.00%, 02/20/55 | &nbsp;&nbsp; 417 | &nbsp;&nbsp; 419072 |
| 5.00%, 08/20/55 | &nbsp;&nbsp; 174 | &nbsp;&nbsp; 174436 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 03/19/56<sup>(j)</sup> | &nbsp;&nbsp; $1000 | &nbsp;&nbsp; $1003393 |
| 5.50%, 12/20/52 | &nbsp;&nbsp; 88 | &nbsp;&nbsp; 90276 |
| 5.50%, 01/20/53 | &nbsp;&nbsp; 268 | &nbsp;&nbsp; 274157 |
| 5.50%, 03/20/53 | &nbsp;&nbsp; 176 | &nbsp;&nbsp; 179401 |
| 5.50%, 04/20/53 | &nbsp;&nbsp; 125 | &nbsp;&nbsp; 127344 |
| 5.50%, 05/20/53 | &nbsp;&nbsp; 84 | &nbsp;&nbsp; 85591 |
| 5.50%, 06/20/53 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19489 |
| 5.50%, 07/20/53 | &nbsp;&nbsp; 117 | &nbsp;&nbsp; 119914 |
| 5.50%, 09/20/53 | &nbsp;&nbsp; 501 | &nbsp;&nbsp; 511401 |
| 5.50%, 04/20/54 | &nbsp;&nbsp; 240 | &nbsp;&nbsp; 244382 |
| 5.50%, 10/20/54 | &nbsp;&nbsp; 396 | &nbsp;&nbsp; 402233 |
| 5.50%, 12/20/54 | &nbsp;&nbsp; 77 | &nbsp;&nbsp; 78084 |
| 5.50%, 06/20/55 | &nbsp;&nbsp; 68 | &nbsp;&nbsp; 68645 |
| 5.50%, 07/20/55 | &nbsp;&nbsp; 294 | &nbsp;&nbsp; 298148 |
| 5.50%, 10/20/55 | &nbsp;&nbsp; 99 | &nbsp;&nbsp; 100343 |
| 5.50%, 01/20/56 | &nbsp;&nbsp; 499 | &nbsp;&nbsp; 506864 |
| 5.50%, 02/20/56 | &nbsp;&nbsp; 263 | &nbsp;&nbsp; 266988 |
| 5.50%, 03/19/56<sup>(j)</sup> | &nbsp;&nbsp; 1478 | &nbsp;&nbsp; 1496861 |
| 6.00%, 09/20/53 | &nbsp;&nbsp; 92 | &nbsp;&nbsp; 94423 |
| 6.00%, 10/20/53 | &nbsp;&nbsp; 139 | &nbsp;&nbsp; 143287 |
| 6.00%, 07/20/54 | &nbsp;&nbsp; 283 | &nbsp;&nbsp; 290073 |
| 6.00%, 08/20/54 | &nbsp;&nbsp; 817 | &nbsp;&nbsp; 836644 |
| 6.00%, 07/20/55 | &nbsp;&nbsp; 150 | &nbsp;&nbsp; 153570 |
| 6.00%, 09/20/55 | &nbsp;&nbsp; 133 | &nbsp;&nbsp; 135472 |
| 6.00%, 03/19/56<sup>(j)</sup> | &nbsp;&nbsp; 625 | &nbsp;&nbsp; 637537 |
| 6.50%, 10/20/53 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 17077 |
| 6.50%, 03/15/55<sup>(j)</sup> | &nbsp;&nbsp; 1075 | &nbsp;&nbsp; 1117608 |
| 6.50%, 08/20/55 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; 58584 |
| 6.50%, 09/20/55 | &nbsp;&nbsp; 365 | &nbsp;&nbsp; 379609 |
| 6.50%, 11/20/55 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51613 |
| 6.50%, 12/20/55 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 62149 |
| Uniform Mortgage-Backed Securities |  |  |
| 1.50%, 03/01/36 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3229 |
| 1.50%, 02/01/37 | &nbsp;&nbsp; 82 | &nbsp;&nbsp; 74822 |
| 1.50%, 03/01/37 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 50396 |
| 1.50%, 04/01/37 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5912 |
| 1.50%, 03/17/41<sup>(j)</sup> | &nbsp;&nbsp; 300 | &nbsp;&nbsp; 273541 |
| 1.50%, 11/01/50 | &nbsp;&nbsp; 157 | &nbsp;&nbsp; 124962 |
| 1.50%, 01/01/51 | &nbsp;&nbsp; 359 | &nbsp;&nbsp; 285718 |
| 1.50%, 07/01/51 | &nbsp;&nbsp; 117 | &nbsp;&nbsp; 93368 |
| 1.50%, 11/01/51 | &nbsp;&nbsp; 154 | &nbsp;&nbsp; 122455 |
| 2.00%, 12/01/35 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 21833 |
| 2.00%, 02/01/36 | &nbsp;&nbsp; 126 | &nbsp;&nbsp; 118514 |
| 2.00%, 03/01/36 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 12802 |
| 2.00%, 05/01/36 | &nbsp;&nbsp; 91 | &nbsp;&nbsp; 84668 |
| 2.00%, 08/01/36 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13273 |
| 2.00%, 09/01/36 | &nbsp;&nbsp; 71 | &nbsp;&nbsp; 66412 |
| 2.00%, 11/01/36 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 14584 |
| 2.00%, 01/01/37 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14332 |
| 2.00%, 02/01/37 | &nbsp;&nbsp; 137 | &nbsp;&nbsp; 128094 |
| 2.00%, 04/01/37 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 41875 |
| 2.00%, 07/01/38 | &nbsp;&nbsp; 94 | &nbsp;&nbsp; 87213 |
| 2.00%, 03/17/41<sup>(j)</sup> | &nbsp;&nbsp; 1061 | &nbsp;&nbsp; 988769 |
| 2.00%, 05/01/50 | &nbsp;&nbsp; 186 | &nbsp;&nbsp; 158163 |
| 2.00%, 07/01/50 | &nbsp;&nbsp; 196 | &nbsp;&nbsp; 163985 |
| 2.00%, 09/01/50 | &nbsp;&nbsp; 717 | &nbsp;&nbsp; 600780 |
| 2.00%, 10/01/50 | &nbsp;&nbsp; 246 | &nbsp;&nbsp; 207044 |
| 2.00%, 12/01/50 | &nbsp;&nbsp; 1203 | &nbsp;&nbsp; 1014979 |
| 2.00%, 01/01/51 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 169284 |
| 2.00%, 02/01/51 | &nbsp;&nbsp; 785 | &nbsp;&nbsp; 656965 |
| 2.00%, 03/01/51 | &nbsp;&nbsp; 595 | &nbsp;&nbsp; 499014 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.00%, 04/01/51 | &nbsp;&nbsp; $2809 | &nbsp;&nbsp; $2347263 |
| 2.00%, 05/01/51 | &nbsp;&nbsp; 69 | &nbsp;&nbsp; 58258 |
| 2.00%, 06/01/51 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 167652 |
| 2.00%, 07/01/51 | &nbsp;&nbsp; 780 | &nbsp;&nbsp; 651662 |
| 2.00%, 08/01/51 | &nbsp;&nbsp; 180 | &nbsp;&nbsp; 151018 |
| 2.00%, 10/01/51 | &nbsp;&nbsp; 2124 | &nbsp;&nbsp; 1775616 |
| 2.00%, 11/01/51 | &nbsp;&nbsp; 187 | &nbsp;&nbsp; 157539 |
| 2.00%, 12/01/51 | &nbsp;&nbsp; 430 | &nbsp;&nbsp; 358085 |
| 2.00%, 01/01/52 | &nbsp;&nbsp; 774 | &nbsp;&nbsp; 646396 |
| 2.00%, 02/01/52 | &nbsp;&nbsp; 1149 | &nbsp;&nbsp; 956185 |
| 2.00%, 03/01/52 | &nbsp;&nbsp; 1191 | &nbsp;&nbsp; 992621 |
| 2.00%, 04/01/52 | &nbsp;&nbsp; 2542 | &nbsp;&nbsp; 2117526 |
| 2.00%, 05/01/52 | &nbsp;&nbsp; 4178 | &nbsp;&nbsp; 3480264 |
| 2.00%, 10/01/52 | &nbsp;&nbsp; 2937 | &nbsp;&nbsp; 2445524 |
| 2.00%, 03/12/56<sup>(j)</sup> | &nbsp;&nbsp; 3250 | &nbsp;&nbsp; 2691760 |
| 2.50%, 04/01/32 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13423 |
| 2.50%, 07/01/35 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 17928 |
| 2.50%, 10/01/35 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 39041 |
| 2.50%, 05/01/36 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 23025 |
| 2.50%, 07/01/36 | &nbsp;&nbsp; 63 | &nbsp;&nbsp; 60427 |
| 2.50%, 03/17/41<sup>(j)</sup> | &nbsp;&nbsp; 475 | &nbsp;&nbsp; 452816 |
| 2.50%, 04/01/47 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 23926 |
| 2.50%, 06/01/50 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 38478 |
| 2.50%, 07/01/50 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 47468 |
| 2.50%, 08/01/50 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 70928 |
| 2.50%, 09/01/50 | &nbsp;&nbsp; 474 | &nbsp;&nbsp; 417199 |
| 2.50%, 10/01/50 | &nbsp;&nbsp; 336 | &nbsp;&nbsp; 296627 |
| 2.50%, 11/01/50 | &nbsp;&nbsp; 999 | &nbsp;&nbsp; 876571 |
| 2.50%, 12/01/50 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 33580 |
| 2.50%, 01/01/51 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 49892 |
| 2.50%, 02/01/51 | &nbsp;&nbsp; 424 | &nbsp;&nbsp; 370825 |
| 2.50%, 04/01/51 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 34094 |
| 2.50%, 07/01/51 | &nbsp;&nbsp; 1233 | &nbsp;&nbsp; 1076692 |
| 2.50%, 08/01/51 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 30471 |
| 2.50%, 09/01/51 | &nbsp;&nbsp; 1706 | &nbsp;&nbsp; 1483351 |
| 2.50%, 11/01/51 | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 82958 |
| 2.50%, 12/01/51 | &nbsp;&nbsp; 2460 | &nbsp;&nbsp; 2145144 |
| 2.50%, 01/01/52 | &nbsp;&nbsp; 3328 | &nbsp;&nbsp; 2906009 |
| 2.50%, 03/01/52 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 45162 |
| 2.50%, 04/01/52 | &nbsp;&nbsp; 2529 | &nbsp;&nbsp; 2203773 |
| 2.50%, 05/01/52 | &nbsp;&nbsp; 1241 | &nbsp;&nbsp; 1080221 |
| 2.50%, 07/01/52 | &nbsp;&nbsp; 900 | &nbsp;&nbsp; 783976 |
| 2.50%, 08/01/52 | &nbsp;&nbsp; 1025 | &nbsp;&nbsp; 892547 |
| 2.50%, 03/12/56<sup>(j)</sup> | &nbsp;&nbsp; 1150 | &nbsp;&nbsp; 996236 |
| 3.00%, 03/01/30 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11251 |
| 3.00%, 01/01/31 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11781 |
| 3.00%, 02/01/31 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3353 |
| 3.00%, 02/01/32 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3806 |
| 3.00%, 06/01/32 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3635 |
| 3.00%, 11/01/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4732 |
| 3.00%, 12/01/32 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3489 |
| 3.00%, 01/01/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3641 |
| 3.00%, 02/01/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4252 |
| 3.00%, 09/01/34 | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 31817 |
| 3.00%, 12/01/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 29083 |
| 3.00%, 04/01/35 | &nbsp;&nbsp; 179 | &nbsp;&nbsp; 174317 |
| 3.00%, 03/17/41<sup>(j)</sup> | &nbsp;&nbsp; 175 | &nbsp;&nbsp; 169419 |
| 3.00%, 11/01/42 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3393 |
| 3.00%, 09/01/43 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4569 |
| 3.00%, 01/01/44 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6609 |
| 3.00%, 10/01/44 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 75006 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 03/01/45 | &nbsp;&nbsp; $42 | &nbsp;&nbsp; $39011 |
| 3.00%, 05/01/45 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18662 |
| 3.00%, 07/01/46 | &nbsp;&nbsp; 223 | &nbsp;&nbsp; 207491 |
| 3.00%, 08/01/46 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 16434 |
| 3.00%, 11/01/46 | &nbsp;&nbsp; 151 | &nbsp;&nbsp; 139446 |
| 3.00%, 12/01/46 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 30332 |
| 3.00%, 01/01/47 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 44128 |
| 3.00%, 02/01/47 | &nbsp;&nbsp; 149 | &nbsp;&nbsp; 138230 |
| 3.00%, 03/01/47 | &nbsp;&nbsp; 82 | &nbsp;&nbsp; 76052 |
| 3.00%, 07/01/47 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 38236 |
| 3.00%, 08/01/47 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5525 |
| 3.00%, 12/01/47 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 29522 |
| 3.00%, 03/01/48 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 12681 |
| 3.00%, 11/01/48 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 44637 |
| 3.00%, 02/01/49 | &nbsp;&nbsp; 689 | &nbsp;&nbsp; 640530 |
| 3.00%, 09/01/49 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 73866 |
| 3.00%, 11/01/49 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5767 |
| 3.00%, 12/01/49 | &nbsp;&nbsp; 684 | &nbsp;&nbsp; 625738 |
| 3.00%, 02/01/50 | &nbsp;&nbsp; 796 | &nbsp;&nbsp; 727213 |
| 3.00%, 06/01/50 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 73001 |
| 3.00%, 07/01/50 | &nbsp;&nbsp; 67 | &nbsp;&nbsp; 61670 |
| 3.00%, 08/01/50 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 21996 |
| 3.00%, 05/01/51 | &nbsp;&nbsp; 260 | &nbsp;&nbsp; 240507 |
| 3.00%, 06/01/51 | &nbsp;&nbsp; 903 | &nbsp;&nbsp; 823703 |
| 3.00%, 07/01/51 | &nbsp;&nbsp; 230 | &nbsp;&nbsp; 210667 |
| 3.00%, 08/01/51 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 91725 |
| 3.00%, 11/01/51 | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 74029 |
| 3.00%, 03/01/52 | &nbsp;&nbsp; 693 | &nbsp;&nbsp; 633196 |
| 3.00%, 04/01/52 | &nbsp;&nbsp; 552 | &nbsp;&nbsp; 503299 |
| 3.00%, 05/01/52 | &nbsp;&nbsp; 1132 | &nbsp;&nbsp; 1027803 |
| 3.00%, 03/12/56<sup>(j)</sup> | &nbsp;&nbsp; 2575 | &nbsp;&nbsp; 2328284 |
| 3.50%, 03/01/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4891 |
| 3.50%, 04/01/33 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6563 |
| 3.50%, 05/01/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4450 |
| 3.50%, 02/01/34 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 12493 |
| 3.50%, 07/01/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1412 |
| 3.50%, 08/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4907 |
| 3.50%, 03/17/41<sup>(j)</sup> | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 73344 |
| 3.50%, 02/01/45 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8044 |
| 3.50%, 01/01/46 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12302 |
| 3.50%, 03/01/46 | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 35415 |
| 3.50%, 07/01/46 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5533 |
| 3.50%, 08/01/46 | &nbsp;&nbsp; 196 | &nbsp;&nbsp; 188660 |
| 3.50%, 10/01/46 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 39902 |
| 3.50%, 12/01/46 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 41375 |
| 3.50%, 01/01/47 | &nbsp;&nbsp; 53 | &nbsp;&nbsp; 50022 |
| 3.50%, 02/01/47 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 15710 |
| 3.50%, 05/01/47 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11318 |
| 3.50%, 08/01/47 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9048 |
| 3.50%, 11/01/47 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7247 |
| 3.50%, 01/01/48 | &nbsp;&nbsp; 282 | &nbsp;&nbsp; 269180 |
| 3.50%, 02/01/48 | &nbsp;&nbsp; 108 | &nbsp;&nbsp; 103285 |
| 3.50%, 03/01/48 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3593 |
| 3.50%, 04/01/48 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 28971 |
| 3.50%, 05/01/48 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8929 |
| 3.50%, 06/01/48 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 21884 |
| 3.50%, 11/01/48 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8081 |
| 3.50%, 01/01/49 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 39294 |
| 3.50%, 04/01/49 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6403 |
| 3.50%, 06/01/49 | &nbsp;&nbsp; 68 | &nbsp;&nbsp; 65086 |
| 3.50%, 07/01/49 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 27663 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 08/01/49 | &nbsp;&nbsp; $485 | &nbsp;&nbsp; $462914 |
| 3.50%, 05/01/50 | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 124913 |
| 3.50%, 06/01/50 | &nbsp;&nbsp; 829 | &nbsp;&nbsp; 788420 |
| 3.50%, 07/01/50 | &nbsp;&nbsp; 102 | &nbsp;&nbsp; 96928 |
| 3.50%, 02/01/51 | &nbsp;&nbsp; 343 | &nbsp;&nbsp; 326676 |
| 3.50%, 04/01/52 | &nbsp;&nbsp; 89 | &nbsp;&nbsp; 84380 |
| 3.50%, 06/01/52 | &nbsp;&nbsp; 391 | &nbsp;&nbsp; 372571 |
| 3.50%, 07/01/52 | &nbsp;&nbsp; 841 | &nbsp;&nbsp; 795407 |
| 3.50%, 03/12/56<sup>(j)</sup> | &nbsp;&nbsp; 2675 | &nbsp;&nbsp; 2520600 |
| 4.00%, 07/01/32 | &nbsp;&nbsp; 0 <br><sup>(k)</sup><br>| &nbsp;&nbsp; 199 |
| 4.00%, 05/01/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2931 |
| 4.00%, 06/01/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2838 |
| 4.00%, 07/01/33 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1907 |
| 4.00%, 12/01/33 | &nbsp;&nbsp; 0 <br><sup>(k)</sup><br>| &nbsp;&nbsp; 140 |
| 4.00%, 08/01/37 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3177 |
| 4.00%, 09/01/37 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5010 |
| 4.00%, 11/01/37 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6009 |
| 4.00%, 02/01/38 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2666 |
| 4.00%, 06/01/38 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3665 |
| 4.00%, 11/01/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1330 |
| 4.00%, 12/01/39 | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 46388 |
| 4.00%, 03/15/40<sup>(j)</sup> | &nbsp;&nbsp; 394 | &nbsp;&nbsp; 390597 |
| 4.00%, 01/01/45 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 31368 |
| 4.00%, 03/01/45 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5202 |
| 4.00%, 06/01/45 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13222 |
| 4.00%, 06/01/46 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; 55947 |
| 4.00%, 07/01/46 | &nbsp;&nbsp; 128 | &nbsp;&nbsp; 125721 |
| 4.00%, 10/01/46 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6364 |
| 4.00%, 02/01/47 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3775 |
| 4.00%, 08/01/47 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2434 |
| 4.00%, 09/01/47 | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 26797 |
| 4.00%, 10/01/47 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 38215 |
| 4.00%, 01/01/48 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 34125 |
| 4.00%, 09/01/48 | &nbsp;&nbsp; 153 | &nbsp;&nbsp; 149846 |
| 4.00%, 10/01/48 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14142 |
| 4.00%, 11/01/48 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 18121 |
| 4.00%, 12/01/48 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9271 |
| 4.00%, 01/01/49 | &nbsp;&nbsp; 383 | &nbsp;&nbsp; 376568 |
| 4.00%, 02/01/49 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4487 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 20560 |
| 4.00%, 04/01/49 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 31601 |
| 4.00%, 05/01/49 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19211 |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 42800 |
| 4.00%, 07/01/49 | &nbsp;&nbsp; 99 | &nbsp;&nbsp; 97501 |
| 4.00%, 12/01/49 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13975 |
| 4.00%, 02/01/50 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3313 |
| 4.00%, 04/01/50 | &nbsp;&nbsp; 155 | &nbsp;&nbsp; 152198 |
| 4.00%, 05/01/50 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 15971 |
| 4.00%, 03/01/51 | &nbsp;&nbsp; 158 | &nbsp;&nbsp; 154999 |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 56385 |
| 4.00%, 05/01/52 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 73687 |
| 4.00%, 07/01/52 | &nbsp;&nbsp; 747 | &nbsp;&nbsp; 727701 |
| 4.00%, 08/01/52 | &nbsp;&nbsp; 102 | &nbsp;&nbsp; 98980 |
| 4.00%, 10/01/52 | &nbsp;&nbsp; 395 | &nbsp;&nbsp; 387230 |
| 4.00%, 02/01/53 | &nbsp;&nbsp; 448 | &nbsp;&nbsp; 440724 |
| 4.00%, 06/01/54 | &nbsp;&nbsp; 749 | &nbsp;&nbsp; 727832 |
| 4.00%, 03/12/56<sup>(j)</sup> | &nbsp;&nbsp; 2671 | &nbsp;&nbsp; 2595713 |
| 4.50%, 01/01/44 | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 82353 |
| 4.50%, 02/01/46 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11788 |
| 4.50%, 04/01/47 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5330 |
| 4.50%, 10/01/47 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12007 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 03/01/48 | &nbsp;&nbsp; $8 | &nbsp;&nbsp; $8174 |
| 4.50%, 06/01/48 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7066 |
| 4.50%, 07/01/48 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1463 |
| 4.50%, 08/01/48 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19794 |
| 4.50%, 10/01/48 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24810 |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 31367 |
| 4.50%, 12/01/48 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40298 |
| 4.50%, 01/01/49 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14523 |
| 4.50%, 02/01/49 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 42295 |
| 4.50%, 04/01/49 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 57141 |
| 4.50%, 05/01/49 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19932 |
| 4.50%, 09/01/50 | &nbsp;&nbsp; 157 | &nbsp;&nbsp; 157071 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 171 | &nbsp;&nbsp; 169612 |
| 4.50%, 08/01/52 | &nbsp;&nbsp; 94 | &nbsp;&nbsp; 93751 |
| 4.50%, 09/01/52 | &nbsp;&nbsp; 477 | &nbsp;&nbsp; 474895 |
| 4.50%, 10/01/52 | &nbsp;&nbsp; 229 | &nbsp;&nbsp; 228967 |
| 4.50%, 11/01/52 | &nbsp;&nbsp; 143 | &nbsp;&nbsp; 142332 |
| 4.50%, 12/01/52 | &nbsp;&nbsp; 674 | &nbsp;&nbsp; 671082 |
| 4.50%, 08/01/53 | &nbsp;&nbsp; 132 | &nbsp;&nbsp; 131664 |
| 4.50%, 11/01/53 | &nbsp;&nbsp; 196 | &nbsp;&nbsp; 194683 |
| 4.50%, 03/12/56<sup>(j)</sup> | &nbsp;&nbsp; 1949 | &nbsp;&nbsp; 1927269 |
| 5.00%, 03/01/48 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3779 |
| 5.00%, 04/01/48 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10617 |
| 5.00%, 05/01/48 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7318 |
| 5.00%, 07/01/48 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9043 |
| 5.00%, 01/01/49 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6885 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11797 |
| 5.00%, 08/01/52 | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 38047 |
| 5.00%, 09/01/52 | &nbsp;&nbsp; 112 | &nbsp;&nbsp; 113830 |
| 5.00%, 10/01/52 | &nbsp;&nbsp; 360 | &nbsp;&nbsp; 363349 |
| 5.00%, 11/01/52 | &nbsp;&nbsp; 134 | &nbsp;&nbsp; 135590 |
| 5.00%, 12/01/52 | &nbsp;&nbsp; 112 | &nbsp;&nbsp; 114153 |
| 5.00%, 01/01/53 | &nbsp;&nbsp; 77 | &nbsp;&nbsp; 78004 |
| 5.00%, 03/01/53 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; 56864 |
| 5.00%, 06/01/53 | &nbsp;&nbsp; 175 | &nbsp;&nbsp; 178393 |
| 5.00%, 04/01/54 | &nbsp;&nbsp; 632 | &nbsp;&nbsp; 637821 |
| 5.00%, 10/01/54 | &nbsp;&nbsp; 929 | &nbsp;&nbsp; 933630 |
| 5.00%, 11/01/54 | &nbsp;&nbsp; 2814 | &nbsp;&nbsp; 2830379 |
| 5.00%, 12/01/54 | &nbsp;&nbsp; 71 | &nbsp;&nbsp; 71536 |
| 5.00%, 01/01/55 | &nbsp;&nbsp; 148 | &nbsp;&nbsp; 149067 |
| 5.00%, 12/01/55 | &nbsp;&nbsp; 107 | &nbsp;&nbsp; 108262 |
| 5.00%, 01/01/56 | &nbsp;&nbsp; 1078 | &nbsp;&nbsp; 1089398 |
| 5.00%, 03/15/56<sup>(j)</sup> | &nbsp;&nbsp; 925 | &nbsp;&nbsp; 929149 |
| 5.50%, 01/01/47 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8923 |
| 5.50%, 09/01/52 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 56252 |
| 5.50%, 11/01/52 | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 83534 |
| 5.50%, 12/01/52 | &nbsp;&nbsp; 223 | &nbsp;&nbsp; 230788 |
| 5.50%, 01/01/53 | &nbsp;&nbsp; 233 | &nbsp;&nbsp; 242190 |
| 5.50%, 02/01/53 | &nbsp;&nbsp; 270 | &nbsp;&nbsp; 278222 |
| 5.50%, 03/01/53 | &nbsp;&nbsp; 381 | &nbsp;&nbsp; 390887 |
| 5.50%, 04/01/53 | &nbsp;&nbsp; 609 | &nbsp;&nbsp; 628363 |
| 5.50%, 05/01/53 | &nbsp;&nbsp; 442 | &nbsp;&nbsp; 451866 |
| 5.50%, 06/01/53 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 42248 |
| 5.50%, 08/01/53 | &nbsp;&nbsp; 195 | &nbsp;&nbsp; 198846 |
| 5.50%, 03/01/54 | &nbsp;&nbsp; 704 | &nbsp;&nbsp; 718175 |
| 5.50%, 05/01/54 | &nbsp;&nbsp; 280 | &nbsp;&nbsp; 285621 |
| 5.50%, 06/01/54 | &nbsp;&nbsp; 206 | &nbsp;&nbsp; 209902 |
| 5.50%, 08/01/54 | &nbsp;&nbsp; 626 | &nbsp;&nbsp; 640664 |
| 5.50%, 10/01/54 | &nbsp;&nbsp; 335 | &nbsp;&nbsp; 340262 |
| 5.50%, 11/01/54 | &nbsp;&nbsp; 659 | &nbsp;&nbsp; 675594 |
| 5.50%, 01/01/55 | &nbsp;&nbsp; 569 | &nbsp;&nbsp; 585682 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 03/01/55 | &nbsp;&nbsp; $997 | &nbsp;&nbsp; $1028363 |
| 5.50%, 05/01/55 | &nbsp;&nbsp; 439 | &nbsp;&nbsp; 448118 |
| 5.50%, 09/01/55 | &nbsp;&nbsp; 1628 | &nbsp;&nbsp; 1668650 |
| 5.50%, 10/01/55 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 55602 |
| 5.50%, 11/01/55 | &nbsp;&nbsp; 88 | &nbsp;&nbsp; 89461 |
| 5.50%, 01/01/56 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 82133 |
| 5.50%, 03/12/56<sup>(j)</sup> | &nbsp;&nbsp; 1500 | &nbsp;&nbsp; 1524049 |
| 6.00%, 02/01/49 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 20099 |
| 6.00%, 12/01/52 | &nbsp;&nbsp; 59 | &nbsp;&nbsp; 61121 |
| 6.00%, 01/01/53 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 53093 |
| 6.00%, 06/01/53 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30720 |
| 6.00%, 07/01/53 | &nbsp;&nbsp; 1034 | &nbsp;&nbsp; 1072967 |
| 6.00%, 08/01/53 | &nbsp;&nbsp; 583 | &nbsp;&nbsp; 609293 |
| 6.00%, 09/01/53 | &nbsp;&nbsp; 237 | &nbsp;&nbsp; 246543 |
| 6.00%, 11/01/53 | &nbsp;&nbsp; 211 | &nbsp;&nbsp; 218096 |
| 6.00%, 12/01/53 | &nbsp;&nbsp; 98 | &nbsp;&nbsp; 102085 |
| 6.00%, 02/01/54 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 42617 |
| 6.00%, 05/01/54 | &nbsp;&nbsp; 734 | &nbsp;&nbsp; 762013 |
| 6.00%, 06/01/54 | &nbsp;&nbsp; 316 | &nbsp;&nbsp; 327096 |
| 6.00%, 08/01/54 | &nbsp;&nbsp; 563 | &nbsp;&nbsp; 579746 |
| 6.00%, 09/01/54 | &nbsp;&nbsp; 673 | &nbsp;&nbsp; 696248 |
| 6.00%, 02/01/55 | &nbsp;&nbsp; 367 | &nbsp;&nbsp; 379593 |
| 6.00%, 03/15/55<sup>(j)</sup> | &nbsp;&nbsp; 400 | &nbsp;&nbsp; 410275 |
| 6.00%, 04/01/55 | &nbsp;&nbsp; 222 | &nbsp;&nbsp; 231281 |
| 6.00%, 05/01/55 | &nbsp;&nbsp; 319 | &nbsp;&nbsp; 328157 |
| 6.00%, 06/01/55 | &nbsp;&nbsp; 676 | &nbsp;&nbsp; 699148 |
| 6.00%, 07/01/55 | &nbsp;&nbsp; 238 | &nbsp;&nbsp; 243910 |
| 6.00%, 08/01/55 | &nbsp;&nbsp; 603 | &nbsp;&nbsp; 620684 |
| 6.00%, 09/01/55 | &nbsp;&nbsp; 1079 | &nbsp;&nbsp; 1120790 |
| 6.00%, 10/01/55 | &nbsp;&nbsp; 459 | &nbsp;&nbsp; 477320 |
| 6.50%, 10/01/53 | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 34580 |
| 6.50%, 11/01/53 | &nbsp;&nbsp; 293 | &nbsp;&nbsp; 305121 |
| 6.50%, 12/01/53 | &nbsp;&nbsp; 296 | &nbsp;&nbsp; 310192 |
| 6.50%, 01/01/54 | &nbsp;&nbsp; 176 | &nbsp;&nbsp; 184927 |
| 6.50%, 02/01/54 | &nbsp;&nbsp; 197 | &nbsp;&nbsp; 207727 |
| 6.50%, 03/01/54 | &nbsp;&nbsp; 1198 | &nbsp;&nbsp; 1259137 |
| 6.50%, 04/01/54 | &nbsp;&nbsp; 151 | &nbsp;&nbsp; 159372 |
| 6.50%, 05/01/54 | &nbsp;&nbsp; 101 | &nbsp;&nbsp; 106425 |
| 6.50%, 08/01/54 | &nbsp;&nbsp; 203 | &nbsp;&nbsp; 212647 |
| 6.50%, 09/01/54 | &nbsp;&nbsp; 76 | &nbsp;&nbsp; 79350 |
| 6.50%, 01/01/55 | &nbsp;&nbsp; 167 | &nbsp;&nbsp; 175734 |
| 6.50%, 03/15/55<sup>(j)</sup> | &nbsp;&nbsp; 125 | &nbsp;&nbsp; 129826 |
| 6.50%, 04/01/55 | &nbsp;&nbsp; 672 | &nbsp;&nbsp; 702320 |
| 6.50%, 07/01/55 | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 75268 |
|  |  | &nbsp;&nbsp; 139534795 |
| **U.S. Government Agency Obligations — 0.0%** | **U.S. Government Agency Obligations — 0.0%** | **U.S. Government Agency Obligations — 0.0%** |
| Federal Home Loan Mortgage Corp., 6.25%, <br> 07/15/32<br>| &nbsp;&nbsp; 50 | &nbsp;&nbsp; 57123 |
| **U.S. Government Obligations — 21.7%** | **U.S. Government Obligations — 21.7%** | **U.S. Government Obligations — 21.7%** |
| U.S. Treasury Notes |  |  |
| 1.25%, 08/15/31 | &nbsp;&nbsp; 2713 | &nbsp;&nbsp; 2401429 |
| 1.38%, 11/15/31 | &nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2213281 |
| 1.63%, 05/15/31 | &nbsp;&nbsp; 2203 | &nbsp;&nbsp; 2002148 |
| 1.88%, 02/15/32 | &nbsp;&nbsp; 2070 | &nbsp;&nbsp; 1875614 |
| 2.75%, 08/15/32 | &nbsp;&nbsp; 1490 | &nbsp;&nbsp; 1410495 |
| 2.88%, 05/15/32 | &nbsp;&nbsp; 2750 | &nbsp;&nbsp; 2630332 |
| 3.38%, 05/15/33 | &nbsp;&nbsp; 1879 | &nbsp;&nbsp; 1835255 |
| 3.50%, 02/15/33 | &nbsp;&nbsp; 1700 | &nbsp;&nbsp; 1676625 |
| 3.63%, 09/30/31 | &nbsp;&nbsp; 550 | &nbsp;&nbsp; 550902 |
| 3.75%, 08/31/31 | &nbsp;&nbsp; 1010 | &nbsp;&nbsp; 1018206 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 3.75%, 10/31/32 | &nbsp;&nbsp; $700 | &nbsp;&nbsp; $702078 |
| 3.75%, 11/30/32 | &nbsp;&nbsp; 719 | &nbsp;&nbsp; 720910 |
| 3.88%, 08/31/32 | &nbsp;&nbsp; 870 | &nbsp;&nbsp; 879652 |
| 3.88%, 09/30/32 | &nbsp;&nbsp; 526 | &nbsp;&nbsp; 531589 |
| 3.88%, 12/31/32 | &nbsp;&nbsp; 280 | &nbsp;&nbsp; 282756 |
| 3.88%, 08/15/33 | &nbsp;&nbsp; 2149 | &nbsp;&nbsp; 2164446 |
| 3.88%, 08/15/34 | &nbsp;&nbsp; 2188 | &nbsp;&nbsp; 2191077 |
| 4.00%, 04/30/32 | &nbsp;&nbsp; 797 | &nbsp;&nbsp; 812317 |
| 4.00%, 06/30/32 | &nbsp;&nbsp; 736 | &nbsp;&nbsp; 749858 |
| 4.00%, 07/31/32 | &nbsp;&nbsp; 635 | &nbsp;&nbsp; 646757 |
| 4.00%, 01/31/33 | &nbsp;&nbsp; 405 | &nbsp;&nbsp; 411961 |
| 4.00%, 02/15/34 | &nbsp;&nbsp; 2405 | &nbsp;&nbsp; 2436566 |
| 4.00%, 11/15/35 | &nbsp;&nbsp; 3187 | &nbsp;&nbsp; 3198453 |
| 4.13%, 03/31/31 | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 256719 |
| 4.13%, 07/31/31 | &nbsp;&nbsp; 750 | &nbsp;&nbsp; 770391 |
| 4.13%, 10/31/31 | &nbsp;&nbsp; 818 | &nbsp;&nbsp; 839792 |
| 4.13%, 11/30/31 | &nbsp;&nbsp; 650 | &nbsp;&nbsp; 667316 |
| 4.13%, 02/29/32 | &nbsp;&nbsp; 833 | &nbsp;&nbsp; 854866 |
| 4.13%, 03/31/32 | &nbsp;&nbsp; 1122 | &nbsp;&nbsp; 1151452 |
| 4.13%, 05/31/32 | &nbsp;&nbsp; 917 | &nbsp;&nbsp; 940785 |
| 4.13%, 11/15/32 | &nbsp;&nbsp; 1629 | &nbsp;&nbsp; 1669725 |
| 4.13%, 02/15/36 | &nbsp;&nbsp; 1220 | &nbsp;&nbsp; 1236203 |
| 4.25%, 06/30/31 | &nbsp;&nbsp; 936 | &nbsp;&nbsp; 966932 |
| 4.25%, 11/15/34 | &nbsp;&nbsp; 2283 | &nbsp;&nbsp; 2345782 |
| 4.25%, 05/15/35 | &nbsp;&nbsp; 2164 | &nbsp;&nbsp; 2219452 |
| 4.25%, 08/15/35 | &nbsp;&nbsp; 2159 | &nbsp;&nbsp; 2212638 |
| 4.38%, 01/31/32 | &nbsp;&nbsp; 833 | &nbsp;&nbsp; 865995 |
| 4.38%, 05/15/34 | &nbsp;&nbsp; 3295 | &nbsp;&nbsp; 3421137 |
| 4.50%, 12/31/31 | &nbsp;&nbsp; 790 | &nbsp;&nbsp; 826538 |
| 4.50%, 11/15/33 | &nbsp;&nbsp; 2249 | &nbsp;&nbsp; 2355827 |
| 4.63%, 04/30/31 | &nbsp;&nbsp; 1456 | &nbsp;&nbsp; 1529482 |
| 4.63%, 05/31/31 | &nbsp;&nbsp; 928 | &nbsp;&nbsp; 974980 |
| 4.63%, 02/15/35 | &nbsp;&nbsp; 2777 | &nbsp;&nbsp; 2929735 |
|  |  | &nbsp;&nbsp; 62378454 |
| **Total U.S. Government & Agency Obligations — 70.4%** <br>**(Cost: $202,485,186)** | **Total U.S. Government & Agency Obligations — 70.4%** <br>**(Cost: $202,485,186)** | &nbsp;&nbsp; 201970372 |
| **Total Long-Term Investments — 98.7%** <br>**(Cost: $281,471,898)** | **Total Long-Term Investments — 98.7%** <br>**(Cost: $281,471,898)** | &nbsp;&nbsp; 282980297 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 10.6%** | **Money Market Funds — 10.6%** | **Money Market Funds — 10.6%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(l)(m)</sup><br>| &nbsp;&nbsp; 28364353 | &nbsp;&nbsp; 28378535 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Money Market Funds (continued)** | **Money Market Funds (continued)** | **Money Market Funds (continued)** |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(l)(m)(n)</sup><br>| &nbsp;&nbsp; 1943712 | &nbsp;&nbsp; $1943712 |
| **Total Short-Term Securities — 10.6%** <br>**(Cost: $30,313,481)** | **Total Short-Term Securities — 10.6%** <br>**(Cost: $30,313,481)** | &nbsp;&nbsp; 30322247 |
| **Total Investments Before TBA Sales Commitments — 109.3%** <br>**(Cost: $311,785,379)** | **Total Investments Before TBA Sales Commitments — 109.3%** <br>**(Cost: $311,785,379)** | &nbsp;&nbsp; 313302544 |
|  | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>|  |
| **TBA Sales Commitments**<sup>(j)</sup> | **TBA Sales Commitments**<sup>(j)</sup> | **TBA Sales Commitments**<sup>(j)</sup> |
| **Mortgage-Backed Securities — (0.1)%** | **Mortgage-Backed Securities — (0.1)%** | **Mortgage-Backed Securities — (0.1)%** |
| Uniform Mortgage-Backed Securities, 5.50%, <br> 03/12/56<br>| &nbsp;&nbsp; $(175)<br>| &nbsp;&nbsp; (177806)<br>|
| **Total TBA Sales Commitments — (0.1)%** <br>**(Proceeds: $(177379))** | **Total TBA Sales Commitments — (0.1)%** <br>**(Proceeds: $(177379))** | &nbsp;&nbsp; (177806)<br>|
| **Total Investments, Net of TBA Sales Commitments — 109.2%** <br>**(Cost: $311,608,000)** | **Total Investments, Net of TBA Sales Commitments — 109.2%** <br>**(Cost: $311,608,000)** | &nbsp;&nbsp; 313124738 |
| **Liabilities in Excess of Other Assets — (9.2)%** | **Liabilities in Excess of Other Assets — (9.2)%** | &nbsp;&nbsp; (26421851)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $286702887 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(c)</sup> All or a portion of this security is on loan.

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

<sup>(e)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

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

<sup>(g)</sup> Perpetual security with no stated maturity date.

<sup>(h)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(i)</sup> Non-income producing security.

<sup>(j)</sup> Represents or includes a TBA transaction.

<sup>(k)</sup> Rounds to less than 1,000.

<sup>(l)</sup> Affiliate of the Fund.

<sup>(m)</sup> Annualized 7-day yield as of period end.

<sup>(n)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 5-10 Year USD Bond ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $28457512 | $— | &nbsp;&nbsp; $(79252 )<sup>(a)</sup><br>| $491 | $(216)<br>| $28378535 | 28364353 | $1291964 | $— |
| BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| 1313962 | 629750 <br><sup>(a)</sup><br>|  |  |  | 1943712 | 1943712 | 14209 <br><sup>(b)</sup><br>|  |
|  |  |  |  | $491 | $(216) | $30322247 |  | $1306173 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Collateralized Mortgage Obligations | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1867717 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1867717 |
| Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 67099043 | &nbsp;&nbsp; — | &nbsp;&nbsp; 67099043 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 11705181 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11705181 |
| Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 337984 | &nbsp;&nbsp; — | &nbsp;&nbsp; 337984 |
| U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 201970372 | &nbsp;&nbsp; — | &nbsp;&nbsp; 201970372 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 30322247 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 30322247 |
| Liabilities |  |  |  |  |
| Investments  |  |  |  |  |
| TBA Sales Commitments | &nbsp;&nbsp; — | &nbsp;&nbsp; (177806)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (177806)<br>|
|  | &nbsp;&nbsp; $30322247 | &nbsp;&nbsp; $282802491 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $313124738 |

---

*See notes to financial statements.*

Schedule of Investments

------

Schedule of Investments

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| Citibank Credit Card Issuance Trust, 6.15%, 06/15/39 | &nbsp;&nbsp; $100 | $113842 |
| **Total Asset-Backed Securities — 0.0%** <br>**(Cost: $108,913)** | **Total Asset-Backed Securities — 0.0%** <br>**(Cost: $108,913)** | 113842 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.0%** | **Advertising — 0.0%** | **Advertising — 0.0%** |
| Omnicom Group, Inc., 5.40%, 10/01/48<sup>(a)</sup> | &nbsp;&nbsp; 19 | 17265 |
| **Aerospace & Defense — 1.1%** | **Aerospace & Defense — 1.1%** | **Aerospace & Defense — 1.1%** |
| Airbus SE, 3.95%, 04/10/47<sup>(b)</sup> | &nbsp;&nbsp; 40 | 33440 |
| BAE Systems Holdings, Inc., 4.75%, 10/07/44<sup>(b)</sup> | &nbsp;&nbsp; 85 | 80225 |
| BAE Systems PLC |  |  |
| 3.00%, 09/15/50<sup>(b)</sup> | &nbsp;&nbsp; 50 | 34359 |
| 5.80%, 10/11/41<sup>(b)</sup> | &nbsp;&nbsp; 60 | 63854 |
| Boeing Co.(The) |  |  |
| 3.38%, 06/15/46 | &nbsp;&nbsp; 85 | 61530 |
| 3.50%, 03/01/39 | &nbsp;&nbsp; 40 | 33515 |
| 3.55%, 03/01/38 | &nbsp;&nbsp; 45 | 38752 |
| 3.63%, 03/01/48 | &nbsp;&nbsp; 35 | 25613 |
| 3.65%, 03/01/47 | &nbsp;&nbsp; 30 | 22382 |
| 3.75%, 02/01/50 | &nbsp;&nbsp; 120 | 89087 |
| 3.83%, 03/01/59 | &nbsp;&nbsp; 35 | 24730 |
| 3.85%, 11/01/48 | &nbsp;&nbsp; 35 | 26650 |
| 3.90%, 05/01/49 | &nbsp;&nbsp; 100 | 76339 |
| 3.95%, 08/01/59 | &nbsp;&nbsp; 100 | 71666 |
| 5.71%, 05/01/40 | &nbsp;&nbsp; 295 | 306996 |
| 5.81%, 05/01/50 | &nbsp;&nbsp; 510 | 511521 |
| 5.88%, 02/15/40 | &nbsp;&nbsp; 55 | 57721 |
| 5.93%, 05/01/60 | &nbsp;&nbsp; 340 | 341313 |
| 6.63%, 02/15/38 | &nbsp;&nbsp; 40 | 45178 |
| 6.86%, 05/01/54 | &nbsp;&nbsp; 220 | 252435 |
| 6.88%, 03/15/39 | &nbsp;&nbsp; 65 | 74453 |
| 7.01%, 05/01/64 | &nbsp;&nbsp; 140 | 162651 |
| Embraer Netherlands Finance BV, 5.40%, 01/09/38 | &nbsp;&nbsp; 100 | 100144 |
| General Dynamics Corp. |  |  |
| 2.85%, 06/01/41 | &nbsp;&nbsp; 25 | 19254 |
| 3.60%, 11/15/42 | &nbsp;&nbsp; 41 | 34140 |
| 4.25%, 04/01/40 | &nbsp;&nbsp; 95 | 88408 |
| 4.25%, 04/01/50 | &nbsp;&nbsp; 145 | 125410 |
| General Electric Co. |  |  |
| 4.50%, 03/11/44 | &nbsp;&nbsp; 50 | 46063 |
| 5.88%, 01/14/38 | &nbsp;&nbsp; 75 | 82408 |
| 6.88%, 01/10/39 | &nbsp;&nbsp; 60 | 71399 |
| Howmet Aerospace, Inc., 5.95%, 02/01/37 | &nbsp;&nbsp; 90 | 98246 |
| L3Harris Technologies, Inc. |  |  |
| 5.05%, 04/27/45 | &nbsp;&nbsp; 65 | 63159 |
| 5.50%, 08/15/54 | &nbsp;&nbsp; 55 | 54577 |
| 5.60%, 07/31/53 | &nbsp;&nbsp; 50 | 50275 |
| 6.15%, 12/15/40 | &nbsp;&nbsp; 55 | 60784 |
| Lockheed Martin Corp. |  |  |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 145 | 94301 |
| 3.80%, 03/01/45 | &nbsp;&nbsp; 115 | 94296 |
| 4.07%, 12/15/42 | &nbsp;&nbsp; 155 | 135557 |
| 4.09%, 09/15/52 | &nbsp;&nbsp; 147 | 119251 |
| 4.15%, 06/15/53 | &nbsp;&nbsp; 135 | 110282 |
| 4.30%, 06/15/62 | &nbsp;&nbsp; 75 | 60626 |
| 4.50%, 05/15/36 | &nbsp;&nbsp; 70 | 69802 |
| 4.70%, 05/15/46 | &nbsp;&nbsp; 147 | 135678 |
| 5.20%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 75 | 72194 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| 5.20%, 02/15/64 | &nbsp;&nbsp; $10 | $9419 |
| 5.70%, 11/15/54 | &nbsp;&nbsp; 125 | 129082 |
| 5.72%, 06/01/40 | &nbsp;&nbsp; 55 | 60180 |
| 5.90%, 11/15/63 | &nbsp;&nbsp; 50 | 52683 |
| Series B, 6.15%, 09/01/36 | &nbsp;&nbsp; 50 | 56148 |
| Northrop Grumman Corp. |  |  |
| 3.85%, 04/15/45 | &nbsp;&nbsp; 70 | 57272 |
| 4.03%, 10/15/47 | &nbsp;&nbsp; 243 | 199660 |
| 4.75%, 06/01/43 | &nbsp;&nbsp; 118 | 110990 |
| 4.95%, 03/15/53 | &nbsp;&nbsp; 110 | 101148 |
| 5.05%, 11/15/40 | &nbsp;&nbsp; 40 | 40182 |
| 5.15%, 05/01/40 | &nbsp;&nbsp; 60 | 60681 |
| 5.20%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 110 | 104862 |
| 5.25%, 05/01/50 | &nbsp;&nbsp; 100 | 96674 |
| RTX Corp. |  |  |
| 2.82%, 09/01/51 | &nbsp;&nbsp; 90 | 57458 |
| 3.03%, 03/15/52 | &nbsp;&nbsp; 130 | 86396 |
| 3.13%, 07/01/50 | &nbsp;&nbsp; 115 | 79022 |
| 3.75%, 11/01/46 | &nbsp;&nbsp; 125 | 99049 |
| 4.05%, 05/04/47 | &nbsp;&nbsp; 55 | 45460 |
| 4.15%, 05/15/45 | &nbsp;&nbsp; 51 | 43440 |
| 4.35%, 04/15/47 | &nbsp;&nbsp; 115 | 99530 |
| 4.45%, 11/16/38 | &nbsp;&nbsp; 55 | 52375 |
| 4.50%, 06/01/42 | &nbsp;&nbsp; 350 | 321775 |
| 4.63%, 11/16/48 | &nbsp;&nbsp; 180 | 160368 |
| 4.70%, 12/15/41 | &nbsp;&nbsp; 60 | 57045 |
| 4.80%, 12/15/43 | &nbsp;&nbsp; 55 | 51574 |
| 4.88%, 10/15/40 | &nbsp;&nbsp; 36 | 35394 |
| 5.38%, 02/27/53 | &nbsp;&nbsp; 110 | 107311 |
| 5.70%, 04/15/40 | &nbsp;&nbsp; 30 | 31887 |
| 6.05%, 06/01/36 | &nbsp;&nbsp; 70 | 77647 |
| 6.13%, 07/15/38 | &nbsp;&nbsp; 65 | 72160 |
| 6.40%, 03/15/54 | &nbsp;&nbsp; 175 | 195657 |
|  |  | 6973193 |
| **Agriculture — 0.5%** | **Agriculture — 0.5%** | **Agriculture — 0.5%** |
| Altria Group, Inc. |  |  |
| 3.40%, 02/04/41 | &nbsp;&nbsp; 150 | 117541 |
| 3.70%, 02/04/51 | &nbsp;&nbsp; 135 | 96625 |
| 3.88%, 09/16/46 | &nbsp;&nbsp; 125 | 96306 |
| 4.00%, 02/04/61 | &nbsp;&nbsp; 110 | 80487 |
| 4.25%, 08/09/42 | &nbsp;&nbsp; 68 | 57617 |
| 4.45%, 05/06/50 | &nbsp;&nbsp; 70 | 56739 |
| 4.50%, 05/02/43 | &nbsp;&nbsp; 80 | 69219 |
| 5.38%, 01/31/44 | &nbsp;&nbsp; 195 | 188412 |
| 5.80%, 02/14/39 | &nbsp;&nbsp; 205 | 213146 |
| 5.95%, 02/14/49 | &nbsp;&nbsp; 205 | 207473 |
| Archer-Daniels-Midland Co. |  |  |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 85 | 53228 |
| 3.75%, 09/15/47 | &nbsp;&nbsp; 65 | 52008 |
| 4.02%, 04/16/43 | &nbsp;&nbsp; 35 | 30108 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 60 | 52673 |
| 4.54%, 03/26/42 | &nbsp;&nbsp; 37 | 34289 |
| BAT Capital Corp. |  |  |
| 4.39%, 08/15/37 | &nbsp;&nbsp; 240 | 224446 |
| 4.54%, 08/15/47 | &nbsp;&nbsp; 202 | 170166 |
| 4.76%, 09/06/49 | &nbsp;&nbsp; 120 | 102839 |
| 5.28%, 04/02/50 | &nbsp;&nbsp; 50 | 45864 |
| 5.65%, 03/16/52 | &nbsp;&nbsp; 70 | 67077 |
| 6.25%, 08/15/55 | &nbsp;&nbsp; 70 | 72719 |
| 7.08%, 08/02/43 | &nbsp;&nbsp; 80 | 90985 |
| 7.08%, 08/02/53 | &nbsp;&nbsp; 95 | 108792 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| Cargill, Inc. |  |  |
| 3.13%, 05/25/51<sup>(b)</sup> | &nbsp;&nbsp; $80 | $55291 |
| 3.88%, 05/23/49<sup>(b)</sup> | &nbsp;&nbsp; 40 | 31747 |
| 4.38%, 04/22/52<sup>(b)</sup> | &nbsp;&nbsp; 55 | 46902 |
| 4.76%, 11/23/45<sup>(b)</sup> | &nbsp;&nbsp; 55 | 50555 |
| 5.38%, 10/23/55<sup>(b)</sup> | &nbsp;&nbsp; 60 | 58467 |
| Philip Morris International, Inc. |  |  |
| 3.88%, 08/21/42 | &nbsp;&nbsp; 89 | 74508 |
| 4.13%, 03/04/43 | &nbsp;&nbsp; 90 | 77780 |
| 4.25%, 11/10/44 | &nbsp;&nbsp; 135 | 116604 |
| 4.38%, 11/15/41 | &nbsp;&nbsp; 77 | 69384 |
| 4.50%, 03/20/42 | &nbsp;&nbsp; 55 | 50145 |
| 4.88%, 11/15/43 | &nbsp;&nbsp; 85 | 79491 |
| 6.38%, 05/16/38 | &nbsp;&nbsp; 95 | 106846 |
| Reynolds American, Inc. |  |  |
| 5.85%, 08/15/45 | &nbsp;&nbsp; 225 | 224913 |
| 6.15%, 09/15/43 | &nbsp;&nbsp; 60 | 62382 |
| 7.25%, 06/15/37 | &nbsp;&nbsp; 61 | 71316 |
|  |  | 3465090 |
| **Airlines — 0.0%** | **Airlines — 0.0%** | **Airlines — 0.0%** |
| American Airlines 2025-1 Class A Pass Through Trust, <br> 4.90%, 11/11/39<br>| &nbsp;&nbsp; 25 | 25117 |
| United Airlines Pass-Through Trust, Series AA, 5.45%, <br> 08/15/38<br>| &nbsp;&nbsp; 5 | 4886 |
|  |  | 30003 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| NIKE, Inc. |  |  |
| 3.25%, 03/27/40 | &nbsp;&nbsp; 100 | 82362 |
| 3.38%, 11/01/46 | &nbsp;&nbsp; 55 | 41443 |
| 3.38%, 03/27/50 | &nbsp;&nbsp; 160 | 117053 |
| 3.63%, 05/01/43 | &nbsp;&nbsp; 55 | 44642 |
| 3.88%, 11/01/45 | &nbsp;&nbsp; 100 | 82164 |
| VF Corp., 6.45%, 11/01/37 | &nbsp;&nbsp; 35 | 34679 |
|  |  | 402343 |
| **Auto Manufacturers — 0.2%** | **Auto Manufacturers — 0.2%** | **Auto Manufacturers — 0.2%** |
| Cummins, Inc. |  |  |
| 2.60%, 09/01/50 | &nbsp;&nbsp; 65 | 40428 |
| 4.88%, 10/01/43 | &nbsp;&nbsp; 76 | 73816 |
| 5.45%, 02/20/54 | &nbsp;&nbsp; 70 | 69854 |
| Ford Motor Co. |  |  |
| 4.75%, 01/15/43 | &nbsp;&nbsp; 215 | 172922 |
| 5.29%, 12/08/46 | &nbsp;&nbsp; 145 | 123722 |
| 7.40%, 11/01/46 | &nbsp;&nbsp; 20 | 21855 |
| General Motors Co. |  |  |
| 5.15%, 04/01/38 | &nbsp;&nbsp; 110 | 107178 |
| 5.20%, 04/01/45 | &nbsp;&nbsp; 100 | 91132 |
| 5.40%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 85 | 78329 |
| 5.95%, 04/01/49 | &nbsp;&nbsp; 85 | 83708 |
| 6.25%, 10/02/43 | &nbsp;&nbsp; 153 | 156963 |
| 6.60%, 04/01/36 | &nbsp;&nbsp; 100 | 109717 |
| 6.75%, 04/01/46 | &nbsp;&nbsp; 75 | 81063 |
|  |  | 1210687 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.10%, 12/01/51 | &nbsp;&nbsp; 165 | 107515 |
| 4.15%, 05/01/52 | &nbsp;&nbsp; 105 | 81555 |
| 4.40%, 10/01/46 | &nbsp;&nbsp; 20 | 16681 |
| 5.40%, 03/15/49 | &nbsp;&nbsp; 45 | 42308 |
| BorgWarner, Inc., 4.38%, 03/15/45 | &nbsp;&nbsp; 66 | 56220 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** |
| Lear Corp. |  |  |
| 3.55%, 01/15/52 | &nbsp;&nbsp; $25 | $17443 |
| 5.25%, 05/15/49<sup>(a)</sup> | &nbsp;&nbsp; 75 | 69247 |
|  |  | 390969 |
| **Banks — 3.5%** | **Banks — 3.5%** | **Banks — 3.5%** |
| Bank of America Corp. |  |  |
| 2.68%, 06/19/41, (1-day SOFR + 1.93%)<sup>(c)</sup> | &nbsp;&nbsp; 489 | 363108 |
| 2.83%, 10/24/51, (1-day SOFR + 1.88%)<sup>(c)</sup> | &nbsp;&nbsp; 100 | 64517 |
| 2.97%, 07/21/52, (1-day SOFR + 1.56%)<sup>(c)</sup> | &nbsp;&nbsp; 195 | 128822 |
| 3.31%, 04/22/42, (1-day SOFR + 1.58%)<sup>(c)</sup> | &nbsp;&nbsp; 340 | 270261 |
| 3.95%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(c)</sup><br>| &nbsp;&nbsp; 145 | 116783 |
| 4.08%, 04/23/40, (3-mo. CME Term SOFR + <br> 1.58%)<sup>(c)</sup><br>| &nbsp;&nbsp; 153 | 137519 |
| 4.08%, 03/20/51, (3-mo. CME Term SOFR + <br> 3.41%)<sup>(c)</sup><br>| &nbsp;&nbsp; 550 | 445856 |
| 4.24%, 04/24/38, (3-mo. CME Term SOFR + <br> 2.08%)<sup>(c)</sup><br>| &nbsp;&nbsp; 210 | 196639 |
| 4.33%, 03/15/50, (3-mo. CME Term SOFR + <br> 1.78%)<sup>(c)</sup><br>| &nbsp;&nbsp; 256 | 217065 |
| 4.44%, 01/20/48, (3-mo. CME Term SOFR + <br> 2.25%)<sup>(c)</sup><br>| &nbsp;&nbsp; 215 | 188479 |
| 4.88%, 04/01/44 | &nbsp;&nbsp; 20 | 19297 |
| 5.00%, 01/21/44 | &nbsp;&nbsp; 190 | 184615 |
| 5.88%, 02/07/42 | &nbsp;&nbsp; 160 | 172079 |
| 6.11%, 01/29/37 | &nbsp;&nbsp; 120 | 129655 |
| 7.75%, 05/14/38 | &nbsp;&nbsp; 175 | 214430 |
| Series L, 4.75%, 04/21/45<sup>(a)</sup> | &nbsp;&nbsp; 65 | 59585 |
| Series N, 3.48%, 03/13/52, (1-day SOFR + <br> 1.65%)<sup>(c)</sup><br>| &nbsp;&nbsp; 105 | 76503 |
| Bank of America N.A., 6.00%, 10/15/36 | &nbsp;&nbsp; 85 | 92211 |
| Barclays PLC |  |  |
| 3.33%, 11/24/42, (1-year CMT + 1.30%)<sup>(c)</sup> | &nbsp;&nbsp; 200 | 155751 |
| 3.81%, 03/10/42, (1-year CMT + 1.70%)<sup>(c)</sup> | &nbsp;&nbsp; 10 | 8118 |
| 4.95%, 01/10/47 | &nbsp;&nbsp; 200 | 186531 |
| 5.25%, 08/17/45 | &nbsp;&nbsp; 200 | 195026 |
| 5.86%, 08/11/46, (1-day SOFR + 1.83%)<sup>(c)</sup> | &nbsp;&nbsp; 65 | 66898 |
| BNP Paribas SA, 2.82%, 01/26/41<sup>(b)</sup> | &nbsp;&nbsp; 100 | 73361 |
| Citigroup, Inc. |  |  |
| 2.90%, 11/03/42, (1-day SOFR + 1.38%)<sup>(c)</sup> | &nbsp;&nbsp; 130 | 96741 |
| 3.88%, 01/24/39, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(c)</sup><br>| &nbsp;&nbsp; 105 | 93588 |
| 4.28%, 04/24/48, (3-mo. CME Term SOFR + <br> 2.10%)<sup>(c)</sup><br>| &nbsp;&nbsp; 100 | 85682 |
| 4.65%, 07/30/45 | &nbsp;&nbsp; 112 | 102232 |
| 4.65%, 07/23/48 | &nbsp;&nbsp; 265 | 236563 |
| 4.75%, 05/18/46 | &nbsp;&nbsp; 195 | 173538 |
| 5.30%, 05/06/44 | &nbsp;&nbsp; 95 | 92141 |
| 5.32%, 03/26/41, (1-day SOFR + 4.55%)<sup>(c)</sup> | &nbsp;&nbsp; 137 | 137492 |
| 5.61%, 03/04/56, (1-day SOFR + 1.75%)<sup>(c)</sup> | &nbsp;&nbsp; 220 | 220940 |
| 5.88%, 01/30/42 | &nbsp;&nbsp; 120 | 126903 |
| 6.68%, 09/13/43 | &nbsp;&nbsp; 115 | 129736 |
| 8.13%, 07/15/39 | &nbsp;&nbsp; 196 | 252303 |
| Commonwealth Bank of Australia |  |  |
| 3.31%, 03/11/41<sup>(b)</sup> | &nbsp;&nbsp; 200 | 159729 |
| 3.74%, 09/12/39<sup>(b)</sup> | &nbsp;&nbsp; 205 | 175389 |
| 3.90%, 07/12/47<sup>(b)</sup> | &nbsp;&nbsp; 200 | 167359 |
| Cooperatieve Rabobank UA |  |  |
| 5.25%, 05/24/41 | &nbsp;&nbsp; 90 | 91125 |
| 5.25%, 08/04/45 | &nbsp;&nbsp; 250 | 238853 |
| 5.75%, 12/01/43 | &nbsp;&nbsp; 45 | 45821 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Fifth Third Bancorp, 8.25%, 03/01/38 | &nbsp;&nbsp; $97 | $120182 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 2.91%, 07/21/42, (1-day SOFR + 1.47%)<sup>(c)</sup> | &nbsp;&nbsp; 140 | 103533 |
| 3.21%, 04/22/42, (1-day SOFR + 1.51%)<sup>(c)</sup> | &nbsp;&nbsp; 245 | 188762 |
| 3.44%, 02/24/43, (1-day SOFR + 1.63%)<sup>(c)</sup> | &nbsp;&nbsp; 220 | 172489 |
| 4.02%, 10/31/38, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(c)</sup><br>| &nbsp;&nbsp; 250 | 225919 |
| 4.41%, 04/23/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(c)</sup><br>| &nbsp;&nbsp; 171 | 159068 |
| 4.75%, 10/21/45 | &nbsp;&nbsp; 185 | 167655 |
| 4.80%, 07/08/44 | &nbsp;&nbsp; 186 | 171750 |
| 5.15%, 05/22/45 | &nbsp;&nbsp; 240 | 225755 |
| 5.54%, 01/21/47, (1-day SOFR + 1.32%)<sup>(c)</sup> | &nbsp;&nbsp; 450 | 447656 |
| 5.56%, 11/19/45, (1-day SOFR + 1.58%)<sup>(c)</sup> | &nbsp;&nbsp; 305 | 305472 |
| 5.73%, 01/28/56, (1-day SOFR + 1.70%)<sup>(c)</sup> | &nbsp;&nbsp; 205 | 207887 |
| 6.25%, 02/01/41 | &nbsp;&nbsp; 231 | 252570 |
| 6.45%, 05/01/36 | &nbsp;&nbsp; 80 | 88131 |
| 6.75%, 10/01/37 | &nbsp;&nbsp; 513 | 574902 |
| HSBC Holdings PLC |  |  |
| 5.25%, 03/14/44 | &nbsp;&nbsp; 200 | 196468 |
| 6.10%, 01/14/42 | &nbsp;&nbsp; 115 | 125551 |
| 6.33%, 03/09/44, (1-day SOFR + 2.65%)<sup>(c)</sup> | &nbsp;&nbsp; 315 | 348576 |
| 6.50%, 09/15/37 | &nbsp;&nbsp; 245 | 269645 |
| 6.80%, 06/01/38 | &nbsp;&nbsp; 100 | 112047 |
| Intesa Sanpaolo SpA |  |  |
| 4.95%, 06/01/42, (1-year CMT + 2.75%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 80 | 70938 |
| 7.78%, 06/20/54, (1-year CMT + 3.90%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 105 | 128064 |
| 7.80%, 11/28/53<sup>(b)</sup> | &nbsp;&nbsp; 225 | 280527 |
| JPMorgan Chase & Co. |  |  |
| 2.53%, 11/19/41, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(c)</sup><br>| &nbsp;&nbsp; 132 | 96198 |
| 3.11%, 04/22/41, (3-mo. CME Term SOFR + <br> 2.46%)<sup>(c)</sup><br>| &nbsp;&nbsp; 160 | 126637 |
| 3.11%, 04/22/51, (1-day SOFR + 2.44%)<sup>(c)</sup> | &nbsp;&nbsp; 236 | 161813 |
| 3.16%, 04/22/42, (3-mo. CME Term SOFR + <br> 1.46%)<sup>(c)</sup><br>| &nbsp;&nbsp; 220 | 171935 |
| 3.33%, 04/22/52, (1-day SOFR + 1.58%)<sup>(c)</sup> | &nbsp;&nbsp; 290 | 207245 |
| 3.88%, 07/24/38, (3-mo. CME Term SOFR + <br> 1.62%)<sup>(c)</sup><br>| &nbsp;&nbsp; 267 | 241860 |
| 3.90%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.48%)<sup>(c)</sup><br>| &nbsp;&nbsp; 145 | 116501 |
| 3.96%, 11/15/48, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(c)</sup><br>| &nbsp;&nbsp; 325 | 264861 |
| 4.03%, 07/24/48, (3-mo. CME Term SOFR + <br> 1.72%)<sup>(c)</sup><br>| &nbsp;&nbsp; 100 | 82727 |
| 4.26%, 02/22/48, (3-mo. CME Term SOFR + <br> 1.84%)<sup>(c)</sup><br>| &nbsp;&nbsp; 210 | 180417 |
| 4.85%, 02/01/44 | &nbsp;&nbsp; 115 | 110259 |
| 4.95%, 06/01/45 | &nbsp;&nbsp; 145 | 137576 |
| 5.40%, 01/06/42 | &nbsp;&nbsp; 145 | 148498 |
| 5.50%, 10/15/40 | &nbsp;&nbsp; 146 | 153754 |
| 5.53%, 11/29/45, (1-day SOFR + 1.55%)<sup>(c)</sup> | &nbsp;&nbsp; 250 | 255284 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 160 | 167334 |
| 5.63%, 08/16/43 | &nbsp;&nbsp; 145 | 149445 |
| 6.40%, 05/15/38 | &nbsp;&nbsp; 225 | 256039 |
| Kreditanstalt fuer Wiederaufbau, 0.00%, 06/29/37<sup>(d)</sup> | &nbsp;&nbsp; 315 | 198732 |
| Lloyds Banking Group PLC |  |  |
| 3.37%, 12/14/46, (5-year CMT + 1.50%)<sup>(c)</sup> | &nbsp;&nbsp; 30 | 22714 |
| 4.34%, 01/09/48 | &nbsp;&nbsp; 220 | 186441 |
| 5.30%, 12/01/45 | &nbsp;&nbsp; 200 | 192897 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 3.75%, 07/18/39 | &nbsp;&nbsp; $200 | $177442 |
| 4.15%, 03/07/39<sup>(a)</sup> | &nbsp;&nbsp; 106 | 99634 |
| 4.29%, 07/26/38<sup>(a)</sup> | &nbsp;&nbsp; 80 | 76761 |
| Morgan Stanley |  |  |
| 2.80%, 01/25/52, (1-day SOFR + 1.43%)<sup>(c)</sup> | &nbsp;&nbsp; 210 | 134591 |
| 3.22%, 04/22/42, (1-day SOFR + 1.49%)<sup>(c)</sup> | &nbsp;&nbsp; 200 | 157648 |
| 3.97%, 07/22/38<sup>(c)</sup> | &nbsp;&nbsp; 220 | 199720 |
| 4.30%, 01/27/45 | &nbsp;&nbsp; 255 | 222251 |
| 4.38%, 01/22/47 | &nbsp;&nbsp; 210 | 182350 |
| 4.46%, 04/22/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(c)</sup><br>| &nbsp;&nbsp; 122 | 115553 |
| 5.52%, 11/19/55, (1-day SOFR + 1.71%)<sup>(c)</sup> | &nbsp;&nbsp; 255 | 254457 |
| 5.60%, 03/24/51, (1-day SOFR + 4.84%)<sup>(c)</sup> | &nbsp;&nbsp; 201 | 203224 |
| 6.38%, 07/24/42 | &nbsp;&nbsp; 217 | 242271 |
| Regions Financial Corp., 7.38%, 12/10/37 | &nbsp;&nbsp; 15 | 17534 |
| Societe Generale SA |  |  |
| 3.63%, 03/01/41<sup>(b)</sup> | &nbsp;&nbsp; 200 | 152669 |
| 4.03%, 01/21/43, (1-year CMT + 1.90%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 115 | 89733 |
| 5.63%, 11/24/45<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9642 |
| 7.13%, 01/19/55, (1-year CMT + 2.95%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 100 | 107074 |
| 7.37%, 01/10/53<sup>(b)</sup> | &nbsp;&nbsp; 100 | 109547 |
| Standard Chartered PLC |  |  |
| 5.30%, 01/09/43<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19534 |
| 5.70%, 03/26/44<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200124 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 2.30%, 01/12/41 | &nbsp;&nbsp; 200 | 143559 |
| 2.93%, 09/17/41 | &nbsp;&nbsp; 75 | 56551 |
| 3.05%, 01/14/42 | &nbsp;&nbsp; 50 | 39037 |
| 5.57%, 01/15/47, (1-day SOFR + 1.36%)<sup>(c)</sup> | &nbsp;&nbsp; 200 | 203796 |
| 5.84%, 07/09/44 | &nbsp;&nbsp; 95 | 99222 |
| 6.18%, 07/13/43 | &nbsp;&nbsp; 90 | 99462 |
| UBS AG/London, 4.50%, 06/26/48 | &nbsp;&nbsp; 200 | 175863 |
| UBS Group AG |  |  |
| 3.18%, 02/11/43, (1-year CMT + 1.10%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 210 | 161012 |
| 4.88%, 05/15/45 | &nbsp;&nbsp; 225 | 210067 |
| 5.01%, 03/23/37, (1-day SOFR + 1.34%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 20 | 19905 |
| 5.20%, 08/10/37, (1-day SOFR + 1.34%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 200 | 201903 |
| 5.38%, 09/06/45, (1-year USD ICE Swap + <br> 1.86%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 200 | 198308 |
| 5.53%, 05/06/47, (1-day SOFR + 1.49%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 25 | 25043 |
| Wells Fargo & Co. |  |  |
| 3.07%, 04/30/41, (1-day SOFR + 2.53%)<sup>(c)</sup> | &nbsp;&nbsp; 310 | 241802 |
| 3.90%, 05/01/45 | &nbsp;&nbsp; 210 | 171661 |
| 4.40%, 06/14/46 | &nbsp;&nbsp; 215 | 180849 |
| 4.61%, 04/25/53, (1-day SOFR + 2.13%)<sup>(c)</sup> | &nbsp;&nbsp; 365 | 314541 |
| 4.65%, 11/04/44 | &nbsp;&nbsp; 125 | 109864 |
| 4.75%, 12/07/46 | &nbsp;&nbsp; 200 | 176893 |
| 4.90%, 11/17/45 | &nbsp;&nbsp; 213 | 191829 |
| 5.01%, 04/04/51, (3-mo. CME Term SOFR + <br> 4.50%)<sup>(c)</sup><br>| &nbsp;&nbsp; 550 | 502860 |
| 5.38%, 11/02/43 | &nbsp;&nbsp; 211 | 205925 |
| 5.43%, 01/23/47, (1-day SOFR + 1.23%)<sup>(c)</sup> | &nbsp;&nbsp; 200 | 198141 |
| 5.61%, 01/15/44 | &nbsp;&nbsp; 250 | 248729 |
| 5.95%, 12/01/86 | &nbsp;&nbsp; 55 | 58265 |
| Wells Fargo Bank NA, 6.60%, 01/15/38 | &nbsp;&nbsp; 250 | 282931 |
| Westpac Banking Corp. |  |  |
| 2.96%, 11/16/40 | &nbsp;&nbsp; 70 | 54511 |
| 3.13%, 11/18/41 | &nbsp;&nbsp; 65 | 50158 |
| 4.42%, 07/24/39 | &nbsp;&nbsp; 95 | 88810 |
|  |  | 22445214 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages — 0.9%** | **Beverages — 0.9%** | **Beverages — 0.9%** |
| Anheuser-Busch Companies LLC/Anheuser-Busch <br> InBev Worldwide, Inc., 4.90%, 02/01/46<br>| &nbsp;&nbsp; $885 | $832217 |
| Anheuser-Busch InBev Finance, Inc. |  |  |
| 4.63%, 02/01/44 | &nbsp;&nbsp; 95 | 87452 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 145 | 135598 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.75%, 07/15/42 | &nbsp;&nbsp; 40 | 33583 |
| 4.38%, 04/15/38 | &nbsp;&nbsp; 95 | 91393 |
| 4.44%, 10/06/48 | &nbsp;&nbsp; 166 | 145600 |
| 4.50%, 06/01/50 | &nbsp;&nbsp; 45 | 41683 |
| 4.60%, 04/15/48 | &nbsp;&nbsp; 46 | 40918 |
| 4.75%, 04/15/58 | &nbsp;&nbsp; 45 | 40122 |
| 4.95%, 01/15/42 | &nbsp;&nbsp; 140 | 135918 |
| 5.45%, 01/23/39 | &nbsp;&nbsp; 185 | 193976 |
| 5.55%, 01/23/49 | &nbsp;&nbsp; 385 | 387380 |
| 5.80%, 01/23/59 | &nbsp;&nbsp; 195 | 202366 |
| 8.00%, 11/15/39 | &nbsp;&nbsp; 35 | 45341 |
| 8.20%, 01/15/39 | &nbsp;&nbsp; 145 | 188910 |
| Bacardi Ltd./Bacardi-Martini BV, 5.90%, 06/15/43<sup>(b)</sup> | &nbsp;&nbsp; 100 | 98860 |
| Brown-Forman Corp. |  |  |
| 4.00%, 04/15/38 | &nbsp;&nbsp; 60 | 55134 |
| 4.50%, 07/15/45 | &nbsp;&nbsp; 47 | 41868 |
| Coca-Cola Co.(The) |  |  |
| 2.50%, 06/01/40 | &nbsp;&nbsp; 131 | 99399 |
| 2.50%, 03/15/51 | &nbsp;&nbsp; 155 | 95377 |
| 2.60%, 06/01/50 | &nbsp;&nbsp; 180 | 114229 |
| 2.75%, 06/01/60 | &nbsp;&nbsp; 120 | 71770 |
| 2.88%, 05/05/41 | &nbsp;&nbsp; 85 | 66509 |
| 3.00%, 03/05/51 | &nbsp;&nbsp; 170 | 115749 |
| 4.20%, 03/25/50 | &nbsp;&nbsp; 75 | 64424 |
| 5.20%, 01/14/55 | &nbsp;&nbsp; 95 | 93099 |
| 5.30%, 05/13/54 | &nbsp;&nbsp; 105 | 104299 |
| 5.40%, 05/13/64 | &nbsp;&nbsp; 130 | 128565 |
| Constellation Brands, Inc. |  |  |
| 3.75%, 05/01/50 | &nbsp;&nbsp; 65 | 49010 |
| 4.10%, 02/15/48 | &nbsp;&nbsp; 65 | 52353 |
| 4.50%, 05/09/47 | &nbsp;&nbsp; 45 | 38683 |
| 5.25%, 11/15/48 | &nbsp;&nbsp; 50 | 47084 |
| Diageo Capital PLC |  |  |
| 3.88%, 04/29/43 | &nbsp;&nbsp; 60 | 50144 |
| 5.88%, 09/30/36 | &nbsp;&nbsp; 70 | 76459 |
| Diageo Investment Corp., 4.25%, 05/11/42 | &nbsp;&nbsp; 47 | 41690 |
| Fomento Economico Mexicano SAB de CV |  |  |
| 3.50%, 01/16/50 | &nbsp;&nbsp; 150 | 113673 |
| 4.38%, 05/10/43 | &nbsp;&nbsp; 15 | 13518 |
| Heineken NV |  |  |
| 4.00%, 10/01/42<sup>(b)</sup> | &nbsp;&nbsp; 20 | 17192 |
| 4.35%, 03/29/47<sup>(b)</sup> | &nbsp;&nbsp; 90 | 77553 |
| Keurig Dr Pepper, Inc. |  |  |
| 3.35%, 03/15/51 | &nbsp;&nbsp; 55 | 37301 |
| 3.80%, 05/01/50 | &nbsp;&nbsp; 40 | 29511 |
| 4.42%, 12/15/46 | &nbsp;&nbsp; 50 | 41568 |
| 4.50%, 11/15/45 | &nbsp;&nbsp; 50 | 42726 |
| 4.50%, 04/15/52 | &nbsp;&nbsp; 95 | 78534 |
| 5.09%, 05/25/48 | &nbsp;&nbsp; 45 | 40950 |
| Molson Coors Beverage Co. |  |  |
| 4.20%, 07/15/46 | &nbsp;&nbsp; 184 | 149515 |
| 5.00%, 05/01/42 | &nbsp;&nbsp; 110 | 103034 |
| PepsiCo, Inc. |  |  |
| 2.63%, 10/21/41 | &nbsp;&nbsp; 90 | 66964 |
| 2.75%, 10/21/51 | &nbsp;&nbsp; 85 | 54738 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 2.88%, 10/15/49 | &nbsp;&nbsp; $35 | $23606 |
| 3.38%, 07/29/49 | &nbsp;&nbsp; 42 | 31039 |
| 3.45%, 10/06/46 | &nbsp;&nbsp; 110 | 85492 |
| 3.50%, 03/19/40 | &nbsp;&nbsp; 35 | 30179 |
| 3.60%, 08/13/42 | &nbsp;&nbsp; 20 | 16605 |
| 3.63%, 03/19/50 | &nbsp;&nbsp; 109 | 84022 |
| 3.88%, 03/19/60 | &nbsp;&nbsp; 70 | 54211 |
| 4.00%, 03/05/42 | &nbsp;&nbsp; 90 | 79035 |
| 4.00%, 05/02/47 | &nbsp;&nbsp; 75 | 62849 |
| 4.20%, 07/18/52 | &nbsp;&nbsp; 65 | 54603 |
| 4.25%, 10/22/44 | &nbsp;&nbsp; 20 | 17678 |
| 4.45%, 04/14/46 | &nbsp;&nbsp; 70 | 63394 |
| 4.65%, 02/15/53 | &nbsp;&nbsp; 45 | 40558 |
| 4.88%, 11/01/40 | &nbsp;&nbsp; 60 | 59996 |
| 5.25%, 07/17/54 | &nbsp;&nbsp; 75 | 74467 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 20 | 21285 |
| Pernod Ricard International Finance LLC, 2.75%, <br> 10/01/50<sup>(b)</sup><br>| &nbsp;&nbsp; 40 | 24828 |
| Pernod Ricard SA, 5.50%, 01/15/42<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10070 |
|  |  | 5807856 |
| **Biotechnology — 0.7%** | **Biotechnology — 0.7%** | **Biotechnology — 0.7%** |
| Amgen, Inc. |  |  |
| 2.77%, 09/01/53 | &nbsp;&nbsp; 122 | 74361 |
| 2.80%, 08/15/41 | &nbsp;&nbsp; 70 | 52391 |
| 3.00%, 01/15/52 | &nbsp;&nbsp; 90 | 60069 |
| 3.15%, 02/21/40 | &nbsp;&nbsp; 175 | 140570 |
| 3.38%, 02/21/50 | &nbsp;&nbsp; 170 | 123712 |
| 4.20%, 02/22/52 | &nbsp;&nbsp; 65 | 52565 |
| 4.40%, 05/01/45 | &nbsp;&nbsp; 180 | 157202 |
| 4.40%, 02/22/62 | &nbsp;&nbsp; 110 | 87915 |
| 4.56%, 06/15/48 | &nbsp;&nbsp; 145 | 126511 |
| 4.66%, 06/15/51 | &nbsp;&nbsp; 360 | 314655 |
| 4.88%, 03/01/53 | &nbsp;&nbsp; 110 | 98073 |
| 4.95%, 10/01/41 | &nbsp;&nbsp; 86 | 82605 |
| 5.15%, 11/15/41 | &nbsp;&nbsp; 96 | 94112 |
| 5.50%, 02/19/46 | &nbsp;&nbsp; 100 | 99440 |
| 5.60%, 03/02/43 | &nbsp;&nbsp; 210 | 214740 |
| 5.65%, 06/15/42 | &nbsp;&nbsp; 55 | 56876 |
| 5.65%, 03/02/53 | &nbsp;&nbsp; 380 | 379246 |
| 5.75%, 03/02/63 | &nbsp;&nbsp; 230 | 227616 |
| 6.38%, 06/01/37 | &nbsp;&nbsp; 62 | 69756 |
| 6.40%, 02/01/39 | &nbsp;&nbsp; 30 | 33583 |
| Biogen, Inc. |  |  |
| 3.15%, 05/01/50 | &nbsp;&nbsp; 150 | 98697 |
| 3.25%, 02/15/51 | &nbsp;&nbsp; 54 | 35819 |
| 5.20%, 09/15/45 | &nbsp;&nbsp; 125 | 117146 |
| 6.45%, 05/15/55 | &nbsp;&nbsp; 50 | 53431 |
| CSL Finance PLC |  |  |
| 4.63%, 04/27/42<sup>(b)</sup> | &nbsp;&nbsp; 30 | 27609 |
| 4.75%, 04/27/52<sup>(b)</sup> | &nbsp;&nbsp; 115 | 101629 |
| 4.95%, 04/27/62<sup>(b)</sup> | &nbsp;&nbsp; 50 | 44514 |
| 5.42%, 04/03/54<sup>(b)</sup> | &nbsp;&nbsp; 80 | 77884 |
| Gilead Sciences, Inc. |  |  |
| 2.60%, 10/01/40 | &nbsp;&nbsp; 75 | 56129 |
| 2.80%, 10/01/50 | &nbsp;&nbsp; 170 | 109116 |
| 4.00%, 09/01/36 | &nbsp;&nbsp; 95 | 89551 |
| 4.15%, 03/01/47 | &nbsp;&nbsp; 190 | 159510 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 175 | 156337 |
| 4.75%, 03/01/46 | &nbsp;&nbsp; 230 | 210570 |
| 4.80%, 04/01/44 | &nbsp;&nbsp; 170 | 159028 |
| 5.50%, 11/15/54 | &nbsp;&nbsp; 75 | 74723 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology (continued)** | **Biotechnology (continued)** | **Biotechnology (continued)** |
| 5.55%, 10/15/53 | &nbsp;&nbsp; $110 | $110644 |
| 5.60%, 11/15/64 | &nbsp;&nbsp; 75 | 75146 |
| 5.65%, 12/01/41 | &nbsp;&nbsp; 110 | 115220 |
| Regeneron Pharmaceuticals, Inc., 2.80%, 09/15/50 | &nbsp;&nbsp; 80 | 49526 |
| Royalty Pharma PLC |  |  |
| 3.30%, 09/02/40 | &nbsp;&nbsp; 115 | 90787 |
| 3.35%, 09/02/51 | &nbsp;&nbsp; 50 | 33827 |
| 3.55%, 09/02/50 | &nbsp;&nbsp; 100 | 70747 |
| 5.90%, 09/02/54 | &nbsp;&nbsp; 35 | 35137 |
| 5.95%, 09/25/55 | &nbsp;&nbsp; 50 | 50530 |
|  |  | 4749255 |
| **Building Materials — 0.2%** | **Building Materials — 0.2%** | **Building Materials — 0.2%** |
| Carrier Global Corp. |  |  |
| 3.38%, 04/05/40 | &nbsp;&nbsp; 175 | 143304 |
| 3.58%, 04/05/50 | &nbsp;&nbsp; 173 | 129599 |
| 6.20%, 03/15/54 | &nbsp;&nbsp; 31 | 34081 |
| CRH America Finance, Inc. |  |  |
| 4.50%, 04/04/48<sup>(b)</sup> | &nbsp;&nbsp; 85 | 73930 |
| 5.60%, 02/09/56 | &nbsp;&nbsp; 65 | 64991 |
| CRH America, Inc., 5.13%, 05/18/45<sup>(b)</sup> | &nbsp;&nbsp; 115 | 110472 |
| Fortune Brands Innovations, Inc., 4.50%, 03/25/52 | &nbsp;&nbsp; 55 | 44715 |
| Johnson Controls International PLC |  |  |
| 4.50%, 02/15/47 | &nbsp;&nbsp; 85 | 74996 |
| 4.63%, 07/02/44 | &nbsp;&nbsp; 30 | 27144 |
| 4.95%, 07/02/64<sup>(e)</sup> | &nbsp;&nbsp; 33 | 29410 |
| Martin Marietta Materials, Inc. |  |  |
| 3.20%, 07/15/51 | &nbsp;&nbsp; 125 | 84861 |
| 4.25%, 12/15/47 | &nbsp;&nbsp; 70 | 58705 |
| 5.50%, 12/01/54 | &nbsp;&nbsp; 50 | 49059 |
| Masco Corp. |  |  |
| 3.13%, 02/15/51 | &nbsp;&nbsp; 35 | 23512 |
| 4.50%, 05/15/47 | &nbsp;&nbsp; 42 | 36401 |
| Owens Corning |  |  |
| 4.30%, 07/15/47 | &nbsp;&nbsp; 68 | 56372 |
| 4.40%, 01/30/48 | &nbsp;&nbsp; 60 | 50787 |
| 5.95%, 06/15/54 | &nbsp;&nbsp; 55 | 56865 |
| 7.00%, 12/01/36 | &nbsp;&nbsp; 30 | 34483 |
| Trane Technologies Financing Ltd. |  |  |
| 4.50%, 03/21/49 | &nbsp;&nbsp; 35 | 30891 |
| 4.65%, 11/01/44 | &nbsp;&nbsp; 20 | 18491 |
| Trane Technologies Holdco, Inc. |  |  |
| 4.30%, 02/21/48 | &nbsp;&nbsp; 60 | 52091 |
| 5.75%, 06/15/43 | &nbsp;&nbsp; 70 | 74489 |
| Vulcan Materials Co. |  |  |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 80 | 69680 |
| 4.70%, 03/01/48 | &nbsp;&nbsp; 80 | 71639 |
| 5.70%, 12/01/54 | &nbsp;&nbsp; 55 | 55354 |
|  |  | 1556322 |
| **Chemicals — 0.7%** | **Chemicals — 0.7%** | **Chemicals — 0.7%** |
| Air Products and Chemicals, Inc. |  |  |
| 2.70%, 05/15/40 | &nbsp;&nbsp; 75 | 57399 |
| 2.80%, 05/15/50 | &nbsp;&nbsp; 120 | 78232 |
| Albemarle Corp. |  |  |
| 5.45%, 12/01/44 | &nbsp;&nbsp; 50 | 47066 |
| 5.65%, 06/01/52 | &nbsp;&nbsp; 30 | 27459 |
| Ashland, Inc., 6.88%, 05/15/43 | &nbsp;&nbsp; 55 | 57935 |
| Braskem America Finance Co., 7.13%, 07/22/41<sup>(f)</sup> | &nbsp;&nbsp; 200 | 77523 |
| CF Industries, Inc. |  |  |
| 4.95%, 06/01/43 | &nbsp;&nbsp; 82 | 75225 |
| 5.38%, 03/15/44 | &nbsp;&nbsp; 75 | 71679 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Dow Chemical Co.(The) |  |  |
| 3.60%, 11/15/50 | &nbsp;&nbsp; $120 | $78529 |
| 4.38%, 11/15/42 | &nbsp;&nbsp; 112 | 88570 |
| 4.63%, 10/01/44 | &nbsp;&nbsp; 65 | 52480 |
| 4.80%, 05/15/49 | &nbsp;&nbsp; 90 | 70199 |
| 5.25%, 11/15/41 | &nbsp;&nbsp; 90 | 80789 |
| 5.55%, 11/30/48 | &nbsp;&nbsp; 70 | 61273 |
| 5.60%, 02/15/54 | &nbsp;&nbsp; 45 | 38911 |
| 5.65%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 50 | 50069 |
| 5.95%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 55 | 49768 |
| 6.90%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 95 | 97385 |
| 9.40%, 05/15/39 | &nbsp;&nbsp; 63 | 80937 |
| DuPont de Nemours, Inc. |  |  |
| 5.32%, 11/15/38 | &nbsp;&nbsp; 111 | 112426 |
| 5.42%, 11/15/48 | &nbsp;&nbsp; 46 | 43910 |
| Eastman Chemical Co. |  |  |
| 4.65%, 10/15/44 | &nbsp;&nbsp; 99 | 85739 |
| 4.80%, 09/01/42 | &nbsp;&nbsp; 60 | 54489 |
| Ecolab, Inc. |  |  |
| 2.13%, 08/15/50 | &nbsp;&nbsp; 55 | 30977 |
| 2.70%, 12/15/51 | &nbsp;&nbsp; 100 | 62724 |
| 2.75%, 08/18/55 | &nbsp;&nbsp; 97 | 59503 |
| 3.95%, 12/01/47 | &nbsp;&nbsp; 65 | 54144 |
| FMC Corp. |  |  |
| 4.50%, 10/01/49 | &nbsp;&nbsp; 65 | 39902 |
| 6.38%, 05/18/53<sup>(a)</sup> | &nbsp;&nbsp; 35 | 26088 |
| ICL Group Ltd., 6.38%, 05/31/38<sup>(b)(f)</sup> | &nbsp;&nbsp; 60 | 62598 |
| International Flavors & Fragrances, Inc. |  |  |
| 3.27%, 11/15/40<sup>(b)</sup> | &nbsp;&nbsp; 47 | 36918 |
| 3.47%, 12/01/50<sup>(b)</sup> | &nbsp;&nbsp; 60 | 42174 |
| 4.38%, 06/01/47 | &nbsp;&nbsp; 50 | 41549 |
| 5.00%, 09/26/48 | &nbsp;&nbsp; 75 | 67735 |
| Linde, Inc./CT |  |  |
| 2.00%, 08/10/50 | &nbsp;&nbsp; 20 | 10879 |
| 3.55%, 11/07/42 | &nbsp;&nbsp; 100 | 82134 |
| LYB International Finance BV |  |  |
| 4.88%, 03/15/44 | &nbsp;&nbsp; 98 | 82125 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 75 | 65721 |
| LYB International Finance III LLC |  |  |
| 3.38%, 10/01/40 | &nbsp;&nbsp; 85 | 62932 |
| 3.63%, 04/01/51 | &nbsp;&nbsp; 100 | 65349 |
| 3.80%, 10/01/60 | &nbsp;&nbsp; 90 | 57052 |
| 4.20%, 10/15/49 | &nbsp;&nbsp; 100 | 72527 |
| 4.20%, 05/01/50 | &nbsp;&nbsp; 90 | 64904 |
| LyondellBasell Industries NV, 4.63%, 02/26/55 | &nbsp;&nbsp; 56 | 43226 |
| Methanex Corp., 5.65%, 12/01/44 | &nbsp;&nbsp; 35 | 31829 |
| Mosaic Co.(The) |  |  |
| 4.88%, 11/15/41 | &nbsp;&nbsp; 50 | 45987 |
| 5.63%, 11/15/43 | &nbsp;&nbsp; 50 | 48916 |
| Nutrien Ltd. |  |  |
| 3.95%, 05/13/50 | &nbsp;&nbsp; 60 | 46796 |
| 4.90%, 06/01/43 | &nbsp;&nbsp; 60 | 55429 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 35 | 31976 |
| 5.25%, 01/15/45 | &nbsp;&nbsp; 60 | 57708 |
| 5.63%, 12/01/40 | &nbsp;&nbsp; 51 | 51967 |
| 5.80%, 03/27/53<sup>(a)</sup> | &nbsp;&nbsp; 90 | 91752 |
| 5.88%, 12/01/36 | &nbsp;&nbsp; 30 | 31919 |
| 6.13%, 01/15/41 | &nbsp;&nbsp; 25 | 26731 |
| OCP SA, 5.13%, 06/23/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 166984 |
| Orbia Advance Corp. SAB de CV, 5.88%, 09/17/44<sup>(f)</sup> | &nbsp;&nbsp; 200 | 162751 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| RPM International, Inc. |  |  |
| 4.25%, 01/15/48 | &nbsp;&nbsp; $40 | $33322 |
| 5.25%, 06/01/45 | &nbsp;&nbsp; 35 | 34073 |
| Sherwin-Williams Co.(The) |  |  |
| 2.90%, 03/15/52 | &nbsp;&nbsp; 50 | 31320 |
| 3.30%, 05/15/50 | &nbsp;&nbsp; 60 | 41898 |
| 3.80%, 08/15/49 | &nbsp;&nbsp; 65 | 49514 |
| 4.00%, 12/15/42 | &nbsp;&nbsp; 30 | 25177 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 125 | 108045 |
| 4.55%, 08/01/45 | &nbsp;&nbsp; 45 | 39597 |
| Sociedad Quimica y Minera de Chile SA, 3.50%, <br> 09/10/51<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 141260 |
| Westlake Corp. |  |  |
| 2.88%, 08/15/41 | &nbsp;&nbsp; 30 | 21092 |
| 3.13%, 08/15/51 | &nbsp;&nbsp; 80 | 49778 |
| 4.38%, 11/15/47 | &nbsp;&nbsp; 70 | 55646 |
| 5.00%, 08/15/46 | &nbsp;&nbsp; 86 | 75525 |
| 6.38%, 11/15/55 | &nbsp;&nbsp; 40 | 40072 |
|  |  | 4266217 |
| **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** |
| American University (The), Series 2019, 3.67%, <br> 04/01/49<br>| &nbsp;&nbsp; 35 | 27184 |
| Brown University, Series A, 2.92%, 09/01/50 | &nbsp;&nbsp; 5 | 3410 |
| California Endowment (The), Series 2021, 2.50%, <br> 04/01/51<br>| &nbsp;&nbsp; 55 | 33712 |
| California Institute of Technology |  |  |
| 3.65%, 09/01/2119 | &nbsp;&nbsp; 10 | 6571 |
| 4.32%, 08/01/45 | &nbsp;&nbsp; 80 | 71495 |
| 4.70%, 11/01/2111 | &nbsp;&nbsp; 60 | 50772 |
| Case Western Reserve University, 5.41%, 06/01/2122 | &nbsp;&nbsp; 30 | 28278 |
| DP World Ltd./United Arab Emirates |  |  |
| 5.63%, 09/25/48<sup>(f)</sup> | &nbsp;&nbsp; 200 | 195339 |
| 6.85%, 07/02/37<sup>(b)</sup> | &nbsp;&nbsp; 200 | 224193 |
| Duke University |  |  |
| Series 2020, 2.68%, 10/01/44 | &nbsp;&nbsp; 80 | 60929 |
| Series 2020, 2.76%, 10/01/50 | &nbsp;&nbsp; 45 | 29858 |
| Series 2020, 2.83%, 10/01/55 | &nbsp;&nbsp; 70 | 45880 |
| Emory University, Series 2020, 2.97%, 09/01/50 | &nbsp;&nbsp; 45 | 30801 |
| ERAC USA Finance LLC |  |  |
| 4.20%, 11/01/46<sup>(b)</sup> | &nbsp;&nbsp; 55 | 46512 |
| 4.50%, 02/15/45<sup>(b)</sup> | &nbsp;&nbsp; 50 | 44766 |
| 5.40%, 05/01/53<sup>(a)(b)</sup> | &nbsp;&nbsp; 95 | 94450 |
| 5.63%, 03/15/42<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36218 |
| 7.00%, 10/15/37<sup>(b)</sup> | &nbsp;&nbsp; 155 | 182503 |
| Ford Foundation (The), Series 2020, 2.42%, 06/01/50 | &nbsp;&nbsp; 50 | 31217 |
| George Washington University(The) |  |  |
| 4.87%, 09/15/45 | &nbsp;&nbsp; 70 | 66263 |
| Series 2014, 4.30%, 09/15/44 | &nbsp;&nbsp; 70 | 61769 |
| Series 2018, 4.13%, 09/15/48 | &nbsp;&nbsp; 40 | 33574 |
| Georgetown University(The) |  |  |
| Series 20A, 2.94%, 04/01/50 | &nbsp;&nbsp; 60 | 40162 |
| Series A, 5.22%, 10/01/2118 | &nbsp;&nbsp; 10 | 9077 |
| Series B, 4.32%, 04/01/49 | &nbsp;&nbsp; 66 | 56788 |
| Global Payments, Inc. |  |  |
| 4.15%, 08/15/49 | &nbsp;&nbsp; 65 | 48357 |
| 5.95%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 80 | 76170 |
| Howard University, 5.21%, 10/01/52 | &nbsp;&nbsp; 35 | 30166 |
| Johns Hopkins University |  |  |
| Series 2013, 4.08%, 07/01/53 | &nbsp;&nbsp; 60 | 49975 |
| Series A, 2.81%, 01/01/60 | &nbsp;&nbsp; 40 | 24305 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Leland Stanford Junior University(The) |  |  |
| 2.41%, 06/01/50 | &nbsp;&nbsp; $40 | $24919 |
| 3.65%, 05/01/48 | &nbsp;&nbsp; 125 | 101457 |
| Massachusetts Institute of Technology |  |  |
| 3.07%, 04/01/52 | &nbsp;&nbsp; 50 | 35006 |
| 3.89%, 07/01/2116 | &nbsp;&nbsp; 15 | 10798 |
| 3.96%, 07/01/38 | &nbsp;&nbsp; 30 | 28189 |
| 4.68%, 07/01/2114 | &nbsp;&nbsp; 35 | 30246 |
| 5.60%, 07/01/2111 | &nbsp;&nbsp; 65 | 66929 |
| Series F, 2.99%, 07/01/50 | &nbsp;&nbsp; 80 | 56037 |
| Series G, 2.29%, 07/01/51<sup>(a)</sup> | &nbsp;&nbsp; 55 | 32725 |
| Moody's Corp. |  |  |
| 2.75%, 08/19/41 | &nbsp;&nbsp; 50 | 36779 |
| 3.10%, 11/29/61 | &nbsp;&nbsp; 35 | 21681 |
| 3.25%, 05/20/50 | &nbsp;&nbsp; 20 | 13871 |
| 3.75%, 02/25/52 | &nbsp;&nbsp; 60 | 45449 |
| 4.88%, 12/17/48 | &nbsp;&nbsp; 35 | 31487 |
| 5.25%, 07/15/44 | &nbsp;&nbsp; 66 | 64738 |
| Northeastern University, Series 2020, 2.89%, <br> 10/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 45 | 30836 |
| Northwestern University |  |  |
| 4.64%, 12/01/44 | &nbsp;&nbsp; 95 | 91754 |
| Series 2017, 3.66%, 12/01/57 | &nbsp;&nbsp; 30 | 22696 |
| Series 2020, 2.64%, 12/01/50 | &nbsp;&nbsp; 50 | 32343 |
| PayPal Holdings, Inc. |  |  |
| 3.25%, 06/01/50 | &nbsp;&nbsp; 95 | 65969 |
| 5.05%, 06/01/52 | &nbsp;&nbsp; 125 | 111984 |
| 5.25%, 06/01/62 | &nbsp;&nbsp; 30 | 27424 |
| 5.50%, 06/01/54 | &nbsp;&nbsp; 40 | 38115 |
| President and Fellows of Harvard College |  |  |
| 2.52%, 10/15/50<sup>(a)</sup> | &nbsp;&nbsp; 70 | 44410 |
| 3.15%, 07/15/46 | &nbsp;&nbsp; 55 | 41539 |
| 3.30%, 07/15/56 | &nbsp;&nbsp; 55 | 38766 |
| 3.75%, 11/15/52 | &nbsp;&nbsp; 5 | 3969 |
| 4.88%, 10/15/40 | &nbsp;&nbsp; 80 | 81461 |
| 6.50%, 01/15/39<sup>(b)</sup> | &nbsp;&nbsp; 40 | 46426 |
| Quanta Services, Inc., 3.05%, 10/01/41 | &nbsp;&nbsp; 75 | 57239 |
| Rockefeller Foundation (The), Series 2020, 2.49%, <br> 10/01/50<br>| &nbsp;&nbsp; 90 | 56241 |
| S&P Global, Inc. |  |  |
| 2.30%, 08/15/60 | &nbsp;&nbsp; 40 | 20573 |
| 3.25%, 12/01/49 | &nbsp;&nbsp; 56 | 39680 |
| 3.70%, 03/01/52 | &nbsp;&nbsp; 90 | 68363 |
| 3.90%, 03/01/62 | &nbsp;&nbsp; 60 | 45268 |
| Thomas Jefferson University, 3.85%, 11/01/57 | &nbsp;&nbsp; 30 | 22311 |
| TR Finance LLC |  |  |
| 5.65%, 11/23/43 | &nbsp;&nbsp; 25 | 24989 |
| 5.85%, 04/15/40 | &nbsp;&nbsp; 40 | 40847 |
| Transurban Finance Co. Pty Ltd., 4.92%, <br> 03/24/36<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 50 | 50611 |
| Trustees of Boston College, 3.13%, 07/01/52 | &nbsp;&nbsp; 55 | 39093 |
| Trustees of Princeton University(The) |  |  |
| 4.20%, 03/01/52 | &nbsp;&nbsp; 10 | 8569 |
| 5.70%, 03/01/39 | &nbsp;&nbsp; 60 | 65638 |
| Series 2020, 2.52%, 07/01/50 | &nbsp;&nbsp; 110 | 71162 |
| Trustees of the University of Pennsylvania(The) |  |  |
| 3.61%, 02/15/2119 | &nbsp;&nbsp; 40 | 26357 |
| 4.67%, 09/01/2112 | &nbsp;&nbsp; 15 | 12676 |
| Series 2020, 2.40%, 10/01/50<sup>(a)</sup> | &nbsp;&nbsp; 65 | 39640 |
| University of Chicago(The) |  |  |
| 4.00%, 10/01/53 | &nbsp;&nbsp; 100 | 81065 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Series 20B, 2.76%, 04/01/45 | &nbsp;&nbsp; $25 | $20287 |
| Series C, 2.55%, 04/01/50 | &nbsp;&nbsp; 25 | 16632 |
| University of Miami, 4.06%, 04/01/52 | &nbsp;&nbsp; 5 | 4111 |
| University of Notre Dame du Lac |  |  |
| Series 2015, 3.44%, 02/15/45 | &nbsp;&nbsp; 70 | 55935 |
| Series 2017, 3.39%, 02/15/48 | &nbsp;&nbsp; 71 | 54885 |
| University of Southern California |  |  |
| 2.81%, 10/01/50 | &nbsp;&nbsp; 50 | 33011 |
| 3.03%, 10/01/39 | &nbsp;&nbsp; 85 | 72147 |
| 4.98%, 10/01/53 | &nbsp;&nbsp; 5 | 4802 |
| 5.25%, 10/01/2111 | &nbsp;&nbsp; 30 | 28891 |
| Series 2017, 3.84%, 10/01/47 | &nbsp;&nbsp; 105 | 86966 |
| Series 21A, 2.95%, 10/01/51 | &nbsp;&nbsp; 35 | 23607 |
| Series A, 3.23%, 10/01/2120 | &nbsp;&nbsp; 35 | 20912 |
| Verisk Analytics, Inc. |  |  |
| 3.63%, 05/15/50 | &nbsp;&nbsp; 50 | 36514 |
| 5.50%, 06/15/45 | &nbsp;&nbsp; 35 | 33858 |
| Washington University(The) |  |  |
| 3.52%, 04/15/54 | &nbsp;&nbsp; 35 | 26383 |
| 4.35%, 04/15/2122 | &nbsp;&nbsp; 10 | 7864 |
| William Marsh Rice University, 3.57%, 05/15/45 | &nbsp;&nbsp; 100 | 82211 |
| WK Kellogg Foundation Trust, 2.44%, 10/01/50<sup>(b)</sup> | &nbsp;&nbsp; 5 | 3110 |
| Yale University, Series 2020, 2.40%, 04/15/50 | &nbsp;&nbsp; 43 | 26814 |
|  |  | 4427959 |
| **Computers — 0.8%** | **Computers — 0.8%** | **Computers — 0.8%** |
| Apple, Inc. |  |  |
| 2.38%, 02/08/41 | &nbsp;&nbsp; 185 | 135524 |
| 2.40%, 08/20/50 | &nbsp;&nbsp; 130 | 78126 |
| 2.55%, 08/20/60 | &nbsp;&nbsp; 145 | 81533 |
| 2.65%, 05/11/50 | &nbsp;&nbsp; 183 | 116319 |
| 2.65%, 02/08/51 | &nbsp;&nbsp; 315 | 198216 |
| 2.70%, 08/05/51 | &nbsp;&nbsp; 210 | 133199 |
| 2.80%, 02/08/61 | &nbsp;&nbsp; 130 | 77389 |
| 2.85%, 08/05/61 | &nbsp;&nbsp; 140 | 84173 |
| 2.95%, 09/11/49 | &nbsp;&nbsp; 125 | 85413 |
| 3.45%, 02/09/45 | &nbsp;&nbsp; 225 | 177769 |
| 3.75%, 09/12/47 | &nbsp;&nbsp; 135 | 108320 |
| 3.75%, 11/13/47 | &nbsp;&nbsp; 135 | 108361 |
| 3.85%, 05/04/43 | &nbsp;&nbsp; 345 | 295771 |
| 3.85%, 08/04/46 | &nbsp;&nbsp; 230 | 189450 |
| 3.95%, 08/08/52 | &nbsp;&nbsp; 210 | 168957 |
| 4.10%, 08/08/62 | &nbsp;&nbsp; 75 | 59727 |
| 4.25%, 02/09/47 | &nbsp;&nbsp; 120 | 104298 |
| 4.38%, 05/13/45 | &nbsp;&nbsp; 230 | 207747 |
| 4.45%, 05/06/44 | &nbsp;&nbsp; 115 | 106724 |
| 4.50%, 02/23/36 | &nbsp;&nbsp; 110 | 112540 |
| 4.65%, 02/23/46 | &nbsp;&nbsp; 260 | 242162 |
| 4.85%, 05/10/53 | &nbsp;&nbsp; 145 | 138777 |
| Crane NXT Co. |  |  |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 40 | 26514 |
| 6.55%, 11/15/36 | &nbsp;&nbsp; 22 | 23996 |
| Dell International LLC/EMC Corp. |  |  |
| 3.38%, 12/15/41 | &nbsp;&nbsp; 90 | 69617 |
| 3.45%, 12/15/51 | &nbsp;&nbsp; 60 | 42011 |
| 8.10%, 07/15/36 | &nbsp;&nbsp; 89 | 108078 |
| 8.35%, 07/15/46 | &nbsp;&nbsp; 65 | 83170 |
| Dell, Inc., 6.50%, 04/15/38 | &nbsp;&nbsp; 35 | 38016 |
| Hewlett Packard Enterprise Co. |  |  |
| 5.60%, 10/15/54 | &nbsp;&nbsp; 140 | 128824 |
| 6.35%, 10/15/45 | &nbsp;&nbsp; 145 | 149018 |
| HP, Inc., 6.00%, 09/15/41<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75134 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| IBM International Capital Pte Ltd. |  |  |
| 5.25%, 02/05/44 | &nbsp;&nbsp; $120 | $115379 |
| 5.30%, 02/05/54 | &nbsp;&nbsp; 155 | 144401 |
| International Business Machines Corp. |  |  |
| 2.85%, 05/15/40 | &nbsp;&nbsp; 135 | 102284 |
| 2.95%, 05/15/50 | &nbsp;&nbsp; 120 | 77481 |
| 3.43%, 02/09/52 | &nbsp;&nbsp; 105 | 72286 |
| 4.00%, 06/20/42 | &nbsp;&nbsp; 145 | 122076 |
| 4.15%, 05/15/39 | &nbsp;&nbsp; 180 | 161402 |
| 4.25%, 05/15/49 | &nbsp;&nbsp; 165 | 133357 |
| 4.70%, 02/19/46 | &nbsp;&nbsp; 125 | 111015 |
| 4.90%, 07/27/52 | &nbsp;&nbsp; 100 | 88234 |
| 5.60%, 11/30/39 | &nbsp;&nbsp; 100 | 103970 |
| 5.70%, 02/10/55 | &nbsp;&nbsp; 100 | 98492 |
| 5.80%, 02/03/56 | &nbsp;&nbsp; 100 | 100117 |
| 7.13%, 12/01/96 | &nbsp;&nbsp; 25 | 29285 |
| Kyndryl Holdings, Inc., 4.10%, 10/15/41 | &nbsp;&nbsp; 50 | 35485 |
|  |  | 5250137 |
| **Cosmetics & Personal Care — 0.2%** | **Cosmetics & Personal Care — 0.2%** | **Cosmetics & Personal Care — 0.2%** |
| Colgate-Palmolive Co. |  |  |
| 3.70%, 08/01/47 | &nbsp;&nbsp; 45 | 36281 |
| 4.00%, 08/15/45 | &nbsp;&nbsp; 60 | 52548 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 3.13%, 12/01/49 | &nbsp;&nbsp; 85 | 58009 |
| 4.15%, 03/15/47 | &nbsp;&nbsp; 70 | 57375 |
| 4.38%, 06/15/45 | &nbsp;&nbsp; 45 | 38800 |
| 5.15%, 05/15/53 | &nbsp;&nbsp; 35 | 32736 |
| 6.00%, 05/15/37 | &nbsp;&nbsp; 35 | 38645 |
| Haleon U.S. Capital LLC, 4.00%, 03/24/52 | &nbsp;&nbsp; 100 | 80270 |
| Kenvue, Inc. |  |  |
| 5.05%, 03/22/53 | &nbsp;&nbsp; 150 | 139780 |
| 5.10%, 03/22/43 | &nbsp;&nbsp; 90 | 88348 |
| 5.20%, 03/22/63 | &nbsp;&nbsp; 70 | 65010 |
| Perrigo Finance Unlimited Co., 4.90%, 12/15/44 | &nbsp;&nbsp; 35 | 28384 |
| Procter & Gamble Co.(The) |  |  |
| 3.50%, 10/25/47 | &nbsp;&nbsp; 45 | 35746 |
| 3.55%, 03/25/40 | &nbsp;&nbsp; 50 | 44098 |
| 3.60%, 03/25/50 | &nbsp;&nbsp; 25 | 19642 |
| 5.55%, 03/05/37 | &nbsp;&nbsp; 95 | 104065 |
| Unilever Capital Corp., Series 30Y, 2.63%, 08/12/51 | &nbsp;&nbsp; 80 | 50949 |
|  |  | 970686 |
| **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** |
| WW Grainger, Inc. |  |  |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 85 | 69263 |
| 4.20%, 05/15/47 | &nbsp;&nbsp; 40 | 34545 |
| 4.60%, 06/15/45 | &nbsp;&nbsp; 110 | 101588 |
|  |  | 205396 |
| **Diversified Financial Services — 0.6%** | **Diversified Financial Services — 0.6%** | **Diversified Financial Services — 0.6%** |
| AerCap Ireland Capital DAC/AerCap Global Aviation <br> Trust, 3.85%, 10/29/41<br>| &nbsp;&nbsp; 170 | 141396 |
| American Express Co., 4.05%, 12/03/42 | &nbsp;&nbsp; 145 | 126533 |
| Apollo Global Management, Inc., 5.80%, 05/21/54 | &nbsp;&nbsp; 85 | 80766 |
| Ares Finance Co. IV LLC, 3.65%, 02/01/52<sup>(b)</sup> | &nbsp;&nbsp; 20 | 13697 |
| Ares Management Corp., 5.60%, 10/11/54 | &nbsp;&nbsp; 105 | 95424 |
| Blackstone Holdings Finance Co. LLC |  |  |
| 2.80%, 09/30/50<sup>(b)</sup> | &nbsp;&nbsp; 55 | 33866 |
| 2.85%, 08/05/51<sup>(b)</sup> | &nbsp;&nbsp; 75 | 46893 |
| 3.20%, 01/30/52<sup>(b)</sup> | &nbsp;&nbsp; 55 | 36504 |
| 3.50%, 09/10/49<sup>(b)</sup> | &nbsp;&nbsp; 20 | 14426 |
| 4.00%, 10/02/47<sup>(b)</sup> | &nbsp;&nbsp; 75 | 59306 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 4.45%, 07/15/45<sup>(b)</sup> | &nbsp;&nbsp; $45 | $38867 |
| 5.00%, 06/15/44<sup>(b)</sup> | &nbsp;&nbsp; 60 | 55947 |
| Blue Owl Finance LLC, 4.13%, 10/07/51<sup>(a)</sup> | &nbsp;&nbsp; 30 | 19979 |
| Brookfield Asset Management Ltd., 6.08%, 09/15/55 | &nbsp;&nbsp; 60 | 60851 |
| Brookfield Finance LLC/Brookfield Finance, Inc., <br> 3.45%, 04/15/50<br>| &nbsp;&nbsp; 45 | 30450 |
| Brookfield Finance, Inc. |  |  |
| 3.50%, 03/30/51 | &nbsp;&nbsp; 70 | 48015 |
| 3.63%, 02/15/52 | &nbsp;&nbsp; 70 | 48846 |
| 4.70%, 09/20/47 | &nbsp;&nbsp; 113 | 96960 |
| 5.97%, 03/04/54 | &nbsp;&nbsp; 100 | 99567 |
| CI Financial Corp., 4.10%, 06/15/51 | &nbsp;&nbsp; 25 | 17549 |
| CME Group, Inc. |  |  |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 60 | 51452 |
| 5.30%, 09/15/43 | &nbsp;&nbsp; 102 | 104237 |
| FMR LLC |  |  |
| 6.45%, 11/15/39<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5590 |
| 6.50%, 12/14/40<sup>(b)</sup> | &nbsp;&nbsp; 10 | 11247 |
| Franklin Resources, Inc., 2.95%, 08/12/51 | &nbsp;&nbsp; 30 | 19296 |
| Intercontinental Exchange, Inc. |  |  |
| 2.65%, 09/15/40 | &nbsp;&nbsp; 40 | 29875 |
| 3.00%, 06/15/50 | &nbsp;&nbsp; 182 | 120100 |
| 3.00%, 09/15/60 | &nbsp;&nbsp; 145 | 86851 |
| 4.25%, 09/21/48 | &nbsp;&nbsp; 100 | 83415 |
| 4.95%, 06/15/52 | &nbsp;&nbsp; 175 | 159833 |
| 5.20%, 06/15/62 | &nbsp;&nbsp; 120 | 111131 |
| Invesco Finance PLC, 5.38%, 11/30/43 | &nbsp;&nbsp; 30 | 29486 |
| Jefferies Financial Group, Inc., 6.50%, 01/20/43 | &nbsp;&nbsp; 25 | 25467 |
| KKR Group Finance Co. II LLC, 5.50%, 02/01/43<sup>(b)</sup> | &nbsp;&nbsp; 65 | 63432 |
| Legg Mason, Inc., 5.63%, 01/15/44 | &nbsp;&nbsp; 90 | 89962 |
| Mastercard, Inc. |  |  |
| 2.95%, 03/15/51 | &nbsp;&nbsp; 60 | 39909 |
| 3.65%, 06/01/49 | &nbsp;&nbsp; 115 | 88574 |
| 3.80%, 11/21/46 | &nbsp;&nbsp; 75 | 60826 |
| 3.85%, 03/26/50 | &nbsp;&nbsp; 155 | 122638 |
| 3.95%, 02/26/48 | &nbsp;&nbsp; 35 | 28480 |
| Nasdaq, Inc. |  |  |
| 2.50%, 12/21/40 | &nbsp;&nbsp; 80 | 57324 |
| 3.25%, 04/28/50 | &nbsp;&nbsp; 60 | 41018 |
| 3.95%, 03/07/52 | &nbsp;&nbsp; 40 | 30368 |
| 5.95%, 08/15/53 | &nbsp;&nbsp; 100 | 103667 |
| 6.10%, 06/28/63 | &nbsp;&nbsp; 40 | 41528 |
| Neuberger Berman Group LLC/Neuberger Berman <br> Finance Corp., 4.88%, 04/15/45<sup>(b)</sup><br>| &nbsp;&nbsp; 60 | 53416 |
| Raymond James Financial, Inc. |  |  |
| 3.75%, 04/01/51 | &nbsp;&nbsp; 85 | 62908 |
| 4.95%, 07/15/46 | &nbsp;&nbsp; 110 | 101272 |
| 5.65%, 09/11/55 | &nbsp;&nbsp; 15 | 14638 |
| Visa, Inc. |  |  |
| 2.00%, 08/15/50<sup>(a)</sup> | &nbsp;&nbsp; 160 | 88057 |
| 2.70%, 04/15/40 | &nbsp;&nbsp; 97 | 75677 |
| 3.65%, 09/15/47 | &nbsp;&nbsp; 60 | 47470 |
| 4.30%, 12/14/45 | &nbsp;&nbsp; 345 | 303751 |
| Voya Financial, Inc. |  |  |
| 4.80%, 06/15/46 | &nbsp;&nbsp; 35 | 31173 |
| 5.70%, 07/15/43 | &nbsp;&nbsp; 45 | 44044 |
| Western Union Co. (The), 6.20%, 11/17/36<sup>(a)</sup> | &nbsp;&nbsp; 40 | 41596 |
|  |  | 3635550 |
| **Electric — 5.6%** | **Electric — 5.6%** | **Electric — 5.6%** |
| Abu Dhabi National Energy Co. PJSC |  |  |
| 4.00%, 10/03/49<sup>(f)</sup> | &nbsp;&nbsp; 200 | 162861 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 6.50%, 10/27/36<sup>(b)</sup> | &nbsp;&nbsp; $100 | $114267 |
| Adani Transmission Step-One Ltd., 4.25%, 05/21/36<sup>(f)</sup> | &nbsp;&nbsp; 133 | 120914 |
| AEP Texas, Inc. |  |  |
| 3.45%, 05/15/51 | &nbsp;&nbsp; 60 | 41357 |
| 3.80%, 10/01/47 | &nbsp;&nbsp; 50 | 37352 |
| 5.25%, 05/15/52 | &nbsp;&nbsp; 60 | 55317 |
| 5.85%, 10/15/55 | &nbsp;&nbsp; 35 | 34936 |
| Series G, 4.15%, 05/01/49 | &nbsp;&nbsp; 30 | 23526 |
| Series H, 3.45%, 01/15/50 | &nbsp;&nbsp; 50 | 34977 |
| AEP Transmission Co. LLC |  |  |
| 3.15%, 09/15/49 | &nbsp;&nbsp; 30 | 20573 |
| 3.75%, 12/01/47 | &nbsp;&nbsp; 62 | 48271 |
| 3.80%, 06/15/49 | &nbsp;&nbsp; 25 | 19243 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 15 | 12288 |
| 4.25%, 09/15/48 | &nbsp;&nbsp; 20 | 16658 |
| 4.50%, 06/15/52 | &nbsp;&nbsp; 35 | 30014 |
| 5.40%, 03/15/53 | &nbsp;&nbsp; 70 | 68270 |
| Series M, 3.65%, 04/01/50 | &nbsp;&nbsp; 55 | 41429 |
| Series N, 2.75%, 08/15/51 | &nbsp;&nbsp; 85 | 52718 |
| Alabama Power Co. |  |  |
| 3.00%, 03/15/52 | &nbsp;&nbsp; 50 | 32871 |
| 3.13%, 07/15/51 | &nbsp;&nbsp; 55 | 37174 |
| 3.45%, 10/01/49 | &nbsp;&nbsp; 85 | 61879 |
| 3.75%, 03/01/45 | &nbsp;&nbsp; 85 | 68025 |
| 4.15%, 08/15/44 | &nbsp;&nbsp; 30 | 25639 |
| 4.30%, 01/02/46 | &nbsp;&nbsp; 30 | 25719 |
| 6.00%, 03/01/39 | &nbsp;&nbsp; 40 | 43702 |
| Series A, 4.30%, 07/15/48 | &nbsp;&nbsp; 27 | 22688 |
| Series B, 3.70%, 12/01/47 | &nbsp;&nbsp; 45 | 34988 |
| Alfa Desarrollo SpA, 4.55%, 09/27/51<sup>(f)</sup> | &nbsp;&nbsp; 197 | 160519 |
| Ameren Illinois Co. |  |  |
| 2.90%, 06/15/51 | &nbsp;&nbsp; 55 | 35683 |
| 3.25%, 03/15/50 | &nbsp;&nbsp; 25 | 17442 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 90 | 69549 |
| 4.15%, 03/15/46 | &nbsp;&nbsp; 75 | 63383 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 25 | 21747 |
| 5.55%, 07/01/54 | &nbsp;&nbsp; 75 | 74881 |
| 5.63%, 03/01/55 | &nbsp;&nbsp; 95 | 96093 |
| 5.90%, 12/01/52 | &nbsp;&nbsp; 35 | 36630 |
| American Electric Power Co., Inc., 3.25%, 03/01/50 | &nbsp;&nbsp; 55 | 37604 |
| American Transmission Systems, Inc., 5.00%, <br> 09/01/44<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 23673 |
| Appalachian Power Co. |  |  |
| 4.40%, 05/15/44 | &nbsp;&nbsp; 55 | 47528 |
| 4.45%, 06/01/45 | &nbsp;&nbsp; 30 | 25520 |
| 7.00%, 04/01/38 | &nbsp;&nbsp; 46 | 52658 |
| Series Y, 4.50%, 03/01/49 | &nbsp;&nbsp; 55 | 46408 |
| Series Z, 3.70%, 05/01/50 | &nbsp;&nbsp; 75 | 55487 |
| Arizona Public Service Co. |  |  |
| 2.65%, 09/15/50 | &nbsp;&nbsp; 45 | 27239 |
| 3.35%, 05/15/50 | &nbsp;&nbsp; 60 | 41576 |
| 3.50%, 12/01/49 | &nbsp;&nbsp; 30 | 21529 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 35 | 27280 |
| 4.20%, 08/15/48 | &nbsp;&nbsp; 30 | 24632 |
| 4.25%, 03/01/49 | &nbsp;&nbsp; 35 | 28433 |
| 4.35%, 11/15/45 | &nbsp;&nbsp; 30 | 25354 |
| 4.50%, 04/01/42 | &nbsp;&nbsp; 31 | 27799 |
| 5.05%, 09/01/41 | &nbsp;&nbsp; 30 | 29214 |
| 5.90%, 08/15/55 | &nbsp;&nbsp; 70 | 71941 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Avista Corp. |  |  |
| 4.00%, 04/01/52 | &nbsp;&nbsp; $30 | $23330 |
| 4.35%, 06/01/48 | &nbsp;&nbsp; 5 | 4203 |
| Baltimore Gas and Electric Co. |  |  |
| 2.90%, 06/15/50 | &nbsp;&nbsp; 45 | 29305 |
| 3.20%, 09/15/49 | &nbsp;&nbsp; 105 | 72297 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 25 | 18911 |
| 3.75%, 08/15/47 | &nbsp;&nbsp; 35 | 27220 |
| 4.25%, 09/15/48 | &nbsp;&nbsp; 10 | 8384 |
| 4.55%, 06/01/52 | &nbsp;&nbsp; 75 | 64446 |
| 5.40%, 06/01/53 | &nbsp;&nbsp; 45 | 43881 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 50 | 50391 |
| 6.35%, 10/01/36 | &nbsp;&nbsp; 45 | 50389 |
| Basin Electric Power Cooperative, 5.85%, 10/15/55<sup>(b)</sup> | &nbsp;&nbsp; 70 | 70459 |
| Berkshire Hathaway Energy Co. |  |  |
| 2.85%, 05/15/51 | &nbsp;&nbsp; 85 | 53499 |
| 3.80%, 07/15/48 | &nbsp;&nbsp; 65 | 50116 |
| 4.25%, 10/15/50 | &nbsp;&nbsp; 70 | 57667 |
| 4.45%, 01/15/49 | &nbsp;&nbsp; 78 | 65788 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 98 | 85719 |
| 4.60%, 05/01/53 | &nbsp;&nbsp; 75 | 63573 |
| 5.15%, 11/15/43 | &nbsp;&nbsp; 35 | 33940 |
| 5.95%, 05/15/37 | &nbsp;&nbsp; 65 | 70771 |
| 6.13%, 04/01/36 | &nbsp;&nbsp; 161 | 176560 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 3.55%, 08/01/42 | &nbsp;&nbsp; 50 | 40504 |
| 3.60%, 03/01/52 | &nbsp;&nbsp; 45 | 33564 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 45 | 36386 |
| 4.50%, 04/01/44 | &nbsp;&nbsp; 54 | 48236 |
| 5.30%, 04/01/53 | &nbsp;&nbsp; 50 | 48509 |
| Series AD, 2.90%, 07/01/50 | &nbsp;&nbsp; 15 | 9834 |
| Series AF, 3.35%, 04/01/51 | &nbsp;&nbsp; 50 | 35601 |
| Series AJ, 4.85%, 10/01/52 | &nbsp;&nbsp; 55 | 50103 |
| Cleveland Electric Illuminating Co. (The), 5.95%, <br> 12/15/36<br>| &nbsp;&nbsp; 23 | 24434 |
| CMS Energy Corp., 4.88%, 03/01/44 | &nbsp;&nbsp; 50 | 45544 |
| Comision Federal de Electricidad, 4.68%, 02/09/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 152687 |
| Commonwealth Edison Co. |  |  |
| 3.00%, 03/01/50 | &nbsp;&nbsp; 80 | 53134 |
| 3.65%, 06/15/46 | &nbsp;&nbsp; 60 | 46715 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 35 | 27885 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 110 | 89279 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 70 | 56232 |
| 4.35%, 11/15/45 | &nbsp;&nbsp; 60 | 52091 |
| 4.70%, 01/15/44 | &nbsp;&nbsp; 55 | 50296 |
| 5.30%, 02/01/53 | &nbsp;&nbsp; 20 | 19169 |
| 5.90%, 03/15/36 | &nbsp;&nbsp; 60 | 65365 |
| 5.95%, 06/01/55 | &nbsp;&nbsp; 70 | 73105 |
| 6.45%, 01/15/38 | &nbsp;&nbsp; 40 | 45231 |
| Series 123, 3.75%, 08/15/47 | &nbsp;&nbsp; 95 | 73986 |
| Series 127, 3.20%, 11/15/49 | &nbsp;&nbsp; 45 | 30979 |
| Series 130, 3.13%, 03/15/51 | &nbsp;&nbsp; 50 | 33696 |
| Series 131, 2.75%, 09/01/51 | &nbsp;&nbsp; 65 | 40266 |
| Series 133, 3.85%, 03/15/52 | &nbsp;&nbsp; 60 | 45654 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 85 | 69033 |
| 4.30%, 04/15/44 | &nbsp;&nbsp; 30 | 26171 |
| 5.25%, 01/15/53 | &nbsp;&nbsp; 45 | 43206 |
| Series A, 4.15%, 06/01/45 | &nbsp;&nbsp; 55 | 46724 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 3.20%, 12/01/51 | &nbsp;&nbsp; 30 | 20260 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.60%, 06/15/61 | &nbsp;&nbsp; $60 | $41777 |
| 3.70%, 11/15/59 | &nbsp;&nbsp; 60 | 42526 |
| 3.85%, 06/15/46 | &nbsp;&nbsp; 120 | 95578 |
| 3.95%, 03/01/43 | &nbsp;&nbsp; 115 | 96970 |
| 4.45%, 03/15/44 | &nbsp;&nbsp; 115 | 101632 |
| 4.50%, 12/01/45 | &nbsp;&nbsp; 100 | 87978 |
| 4.50%, 05/15/58 | &nbsp;&nbsp; 70 | 57989 |
| 4.63%, 12/01/54 | &nbsp;&nbsp; 85 | 72905 |
| 5.70%, 06/15/40 | &nbsp;&nbsp; 20 | 21092 |
| 5.70%, 05/15/54 | &nbsp;&nbsp; 80 | 81031 |
| 5.75%, 11/15/55 | &nbsp;&nbsp; 35 | 35617 |
| 5.90%, 11/15/53 | &nbsp;&nbsp; 130 | 134446 |
| 6.15%, 11/15/52 | &nbsp;&nbsp; 100 | 106471 |
| Series 06-A, 5.85%, 03/15/36 | &nbsp;&nbsp; 65 | 70468 |
| Series 07-A, 6.30%, 08/15/37 | &nbsp;&nbsp; 25 | 27983 |
| Series 08-B, 6.75%, 04/01/38 | &nbsp;&nbsp; 55 | 63608 |
| Series 12-A, 4.20%, 03/15/42 | &nbsp;&nbsp; 65 | 56632 |
| Series 2017, 3.88%, 06/15/47 | &nbsp;&nbsp; 80 | 63242 |
| Series 20B, 3.95%, 04/01/50 | &nbsp;&nbsp; 75 | 59438 |
| Series A, 4.13%, 05/15/49 | &nbsp;&nbsp; 100 | 80470 |
| Series C, 3.00%, 12/01/60 | &nbsp;&nbsp; 60 | 35801 |
| Series C, 4.00%, 11/15/57 | &nbsp;&nbsp; 35 | 26445 |
| Series C, 4.30%, 12/01/56 | &nbsp;&nbsp; 45 | 36325 |
| Series E, 4.65%, 12/01/48 | &nbsp;&nbsp; 95 | 83452 |
| Consorcio Transmantaro SA, 5.20%, 04/11/38<sup>(f)</sup> | &nbsp;&nbsp; 200 | 200049 |
| Constellation Energy Generation LLC |  |  |
| 5.60%, 06/15/42 | &nbsp;&nbsp; 65 | 66018 |
| 5.75%, 10/01/41 | &nbsp;&nbsp; 25 | 25861 |
| 5.75%, 03/15/54 | &nbsp;&nbsp; 75 | 75402 |
| 5.88%, 01/15/66 | &nbsp;&nbsp; 45 | 44951 |
| 6.25%, 10/01/39 | &nbsp;&nbsp; 88 | 96409 |
| 6.50%, 10/01/53 | &nbsp;&nbsp; 75 | 82515 |
| Consumers Energy Co. |  |  |
| 2.65%, 08/15/52 | &nbsp;&nbsp; 40 | 25112 |
| 3.10%, 08/15/50 | &nbsp;&nbsp; 91 | 62549 |
| 3.25%, 08/15/46 | &nbsp;&nbsp; 95 | 69968 |
| 3.50%, 08/01/51 | &nbsp;&nbsp; 45 | 33228 |
| 3.75%, 02/15/50 | &nbsp;&nbsp; 60 | 45907 |
| 4.05%, 05/15/48 | &nbsp;&nbsp; 60 | 48792 |
| 4.20%, 09/01/52 | &nbsp;&nbsp; 65 | 53317 |
| 4.35%, 04/15/49 | &nbsp;&nbsp; 60 | 51330 |
| Dayton Power & Light Co. (The), 3.95%, 06/15/49 | &nbsp;&nbsp; 10 | 7711 |
| Dominion Energy South Carolina, Inc. |  |  |
| 4.60%, 06/15/43 | &nbsp;&nbsp; 65 | 59608 |
| 5.10%, 06/01/65 | &nbsp;&nbsp; 40 | 36543 |
| 5.45%, 02/01/41 | &nbsp;&nbsp; 35 | 35747 |
| 6.05%, 01/15/38 | &nbsp;&nbsp; 71 | 78034 |
| 6.25%, 10/15/53 | &nbsp;&nbsp; 55 | 59881 |
| Dominion Energy, Inc. |  |  |
| 4.70%, 12/01/44 | &nbsp;&nbsp; 45 | 40097 |
| 4.85%, 08/15/52 | &nbsp;&nbsp; 45 | 39087 |
| 7.00%, 06/15/38 | &nbsp;&nbsp; 40 | 45540 |
| Series A, 4.60%, 03/15/49 | &nbsp;&nbsp; 25 | 21106 |
| Series B, 3.30%, 04/15/41 | &nbsp;&nbsp; 50 | 38392 |
| Series C, 4.05%, 09/15/42 | &nbsp;&nbsp; 110 | 90198 |
| Series C, 4.90%, 08/01/41 | &nbsp;&nbsp; 75 | 70038 |
| DTE Electric Co. |  |  |
| 2.95%, 03/01/50 | &nbsp;&nbsp; 60 | 40377 |
| 3.70%, 03/15/45 | &nbsp;&nbsp; 60 | 48011 |
| 3.70%, 06/01/46 | &nbsp;&nbsp; 35 | 27556 |
| 3.75%, 08/15/47 | &nbsp;&nbsp; 85 | 66960 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.95%, 03/01/49 | &nbsp;&nbsp; $75 | $60522 |
| 4.30%, 07/01/44 | &nbsp;&nbsp; 80 | 70620 |
| 5.40%, 04/01/53 | &nbsp;&nbsp; 25 | 24594 |
| 5.85%, 05/15/55 | &nbsp;&nbsp; 10 | 10411 |
| Series A, 4.00%, 04/01/43 | &nbsp;&nbsp; 25 | 21254 |
| Series A, 4.05%, 05/15/48 | &nbsp;&nbsp; 55 | 45216 |
| Series B, 3.25%, 04/01/51 | &nbsp;&nbsp; 50 | 35157 |
| Series B, 3.65%, 03/01/52 | &nbsp;&nbsp; 50 | 37605 |
| Series B, 5.55%, 03/01/56 | &nbsp;&nbsp; 60 | 59875 |
| Duke Energy Carolinas LLC |  |  |
| 3.20%, 08/15/49 | &nbsp;&nbsp; 95 | 66694 |
| 3.45%, 04/15/51 | &nbsp;&nbsp; 70 | 49934 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 45 | 33028 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 70 | 53979 |
| 3.75%, 06/01/45 | &nbsp;&nbsp; 75 | 60011 |
| 3.88%, 03/15/46 | &nbsp;&nbsp; 80 | 64456 |
| 3.95%, 03/15/48 | &nbsp;&nbsp; 38 | 30477 |
| 4.00%, 09/30/42 | &nbsp;&nbsp; 60 | 51193 |
| 4.25%, 12/15/41 | &nbsp;&nbsp; 70 | 62401 |
| 5.30%, 02/15/40 | &nbsp;&nbsp; 80 | 81647 |
| 5.35%, 01/15/53 | &nbsp;&nbsp; 105 | 102079 |
| 5.40%, 01/15/54 | &nbsp;&nbsp; 78 | 76549 |
| 6.00%, 01/15/38 | &nbsp;&nbsp; 40 | 43686 |
| 6.05%, 04/15/38 | &nbsp;&nbsp; 40 | 43744 |
| 6.10%, 06/01/37 | &nbsp;&nbsp; 50 | 54572 |
| Duke Energy Corp. |  |  |
| 3.30%, 06/15/41 | &nbsp;&nbsp; 90 | 70146 |
| 3.50%, 06/15/51 | &nbsp;&nbsp; 65 | 45324 |
| 3.75%, 09/01/46 | &nbsp;&nbsp; 165 | 126567 |
| 3.95%, 08/15/47 | &nbsp;&nbsp; 45 | 35002 |
| 4.20%, 06/15/49 | &nbsp;&nbsp; 70 | 55644 |
| 4.80%, 12/15/45 | &nbsp;&nbsp; 25 | 22245 |
| 5.00%, 08/15/52 | &nbsp;&nbsp; 120 | 106543 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 135 | 132129 |
| 5.80%, 06/15/54 | &nbsp;&nbsp; 50 | 49615 |
| 6.10%, 09/15/53 | &nbsp;&nbsp; 80 | 82684 |
| Duke Energy Florida LLC |  |  |
| 3.00%, 12/15/51 | &nbsp;&nbsp; 60 | 39275 |
| 3.40%, 10/01/46 | &nbsp;&nbsp; 45 | 33589 |
| 3.85%, 11/15/42 | &nbsp;&nbsp; 50 | 41582 |
| 4.20%, 07/15/48 | &nbsp;&nbsp; 30 | 24734 |
| 5.65%, 04/01/40 | &nbsp;&nbsp; 20 | 21023 |
| 5.95%, 11/15/52 | &nbsp;&nbsp; 45 | 47203 |
| 6.20%, 11/15/53 | &nbsp;&nbsp; 30 | 32587 |
| 6.35%, 09/15/37 | &nbsp;&nbsp; 55 | 61448 |
| 6.40%, 06/15/38 | &nbsp;&nbsp; 100 | 112152 |
| Duke Energy Indiana LLC |  |  |
| 2.75%, 04/01/50 | &nbsp;&nbsp; 50 | 31667 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 40 | 31708 |
| 5.40%, 04/01/53 | &nbsp;&nbsp; 65 | 62915 |
| 6.35%, 08/15/38 | &nbsp;&nbsp; 50 | 55961 |
| 6.45%, 04/01/39 | &nbsp;&nbsp; 45 | 50419 |
| Series WWW, 4.90%, 07/15/43 | &nbsp;&nbsp; 30 | 28565 |
| Duke Energy Ohio, Inc. |  |  |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 15 | 14896 |
| 5.65%, 04/01/53 | &nbsp;&nbsp; 55 | 55364 |
| Duke Energy Progress LLC |  |  |
| 2.50%, 08/15/50 | &nbsp;&nbsp; 45 | 26969 |
| 2.90%, 08/15/51 | &nbsp;&nbsp; 50 | 31991 |
| 3.60%, 09/15/47 | &nbsp;&nbsp; 35 | 26687 |
| 3.70%, 10/15/46 | &nbsp;&nbsp; 70 | 54627 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.00%, 04/01/52 | &nbsp;&nbsp; $25 | $19699 |
| 4.10%, 05/15/42 | &nbsp;&nbsp; 65 | 56293 |
| 4.10%, 03/15/43 | &nbsp;&nbsp; 50 | 43132 |
| 4.15%, 12/01/44 | &nbsp;&nbsp; 30 | 25570 |
| 4.20%, 08/15/45 | &nbsp;&nbsp; 89 | 75372 |
| 4.38%, 03/30/44 | &nbsp;&nbsp; 60 | 52876 |
| 5.35%, 03/15/53 | &nbsp;&nbsp; 65 | 62735 |
| 5.55%, 03/15/55 | &nbsp;&nbsp; 55 | 54977 |
| 6.30%, 04/01/38 | &nbsp;&nbsp; 20 | 22225 |
| E.ON International Finance BV, 6.65%, 04/30/38<sup>(b)</sup> | &nbsp;&nbsp; 60 | 68137 |
| Electricite de France SA |  |  |
| 4.88%, 09/21/38<sup>(b)</sup> | &nbsp;&nbsp; 140 | 133357 |
| 4.88%, 01/22/44<sup>(b)</sup> | &nbsp;&nbsp; 140 | 128919 |
| 4.95%, 10/13/45<sup>(b)</sup> | &nbsp;&nbsp; 180 | 163860 |
| 5.00%, 09/21/48<sup>(b)</sup> | &nbsp;&nbsp; 90 | 81848 |
| 5.25%, 10/13/55<sup>(b)</sup> | &nbsp;&nbsp; 15 | 13798 |
| 5.60%, 01/27/40<sup>(b)</sup> | &nbsp;&nbsp; 100 | 102056 |
| 6.00%, 04/22/64<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29856 |
| 6.00%, 01/22/2114<sup>(b)</sup> | &nbsp;&nbsp; 75 | 74543 |
| 6.38%, 01/13/55<sup>(b)</sup> | &nbsp;&nbsp; 110 | 116400 |
| 6.90%, 05/23/53<sup>(b)</sup> | &nbsp;&nbsp; 130 | 145915 |
| 6.95%, 01/26/39<sup>(b)</sup> | &nbsp;&nbsp; 190 | 216848 |
| Emera U.S. Finance LP, 4.75%, 06/15/46 | &nbsp;&nbsp; 40 | 34564 |
| Enel Finance America LLC, 2.88%, 07/12/41<sup>(b)</sup> | &nbsp;&nbsp; 200 | 147358 |
| Enel Finance International NV |  |  |
| 4.75%, 05/25/47<sup>(b)</sup> | &nbsp;&nbsp; 85 | 74884 |
| 5.50%, 06/15/52<sup>(b)</sup> | &nbsp;&nbsp; 155 | 147266 |
| 6.00%, 10/07/39<sup>(b)</sup> | &nbsp;&nbsp; 50 | 53096 |
| 6.80%, 09/15/37<sup>(b)</sup> | &nbsp;&nbsp; 110 | 125069 |
| 7.75%, 10/14/52<sup>(b)</sup> | &nbsp;&nbsp; 75 | 92584 |
| Engie SA, 5.88%, 04/10/54<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5119 |
| Entergy Arkansas LLC |  |  |
| 2.65%, 06/15/51 | &nbsp;&nbsp; 55 | 33237 |
| 3.35%, 06/15/52 | &nbsp;&nbsp; 45 | 31198 |
| 4.20%, 04/01/49 | &nbsp;&nbsp; 70 | 57209 |
| 5.75%, 06/01/54 | &nbsp;&nbsp; 35 | 35442 |
| 5.75%, 01/15/56 | &nbsp;&nbsp; 50 | 50477 |
| Entergy Corp. |  |  |
| 3.75%, 06/15/50 | &nbsp;&nbsp; 60 | 44330 |
| 6.10%, 06/15/56, (5-year CMT + 2.01%)<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25215 |
| Entergy Louisiana LLC |  |  |
| 2.90%, 03/15/51 | &nbsp;&nbsp; 65 | 41501 |
| 3.10%, 06/15/41 | &nbsp;&nbsp; 65 | 50278 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 110 | 89826 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 65 | 52574 |
| 4.75%, 09/15/52 | &nbsp;&nbsp; 65 | 57360 |
| 4.95%, 01/15/45 | &nbsp;&nbsp; 85 | 79255 |
| 5.65%, 04/15/56<sup>(a)</sup> | &nbsp;&nbsp; 45 | 44643 |
| 5.70%, 03/15/54 | &nbsp;&nbsp; 70 | 70193 |
| 5.80%, 03/15/55 | &nbsp;&nbsp; 35 | 35550 |
| Entergy Mississippi LLC |  |  |
| 3.50%, 06/01/51 | &nbsp;&nbsp; 60 | 43099 |
| 3.85%, 06/01/49 | &nbsp;&nbsp; 39 | 30330 |
| 5.80%, 04/15/55 | &nbsp;&nbsp; 40 | 40650 |
| 5.85%, 06/01/54 | &nbsp;&nbsp; 45 | 45372 |
| Entergy Texas, Inc. |  |  |
| 3.55%, 09/30/49 | &nbsp;&nbsp; 45 | 32682 |
| 4.50%, 03/30/39 | &nbsp;&nbsp; 35 | 33033 |
| 5.00%, 09/15/52 | &nbsp;&nbsp; 60 | 53955 |
| 5.55%, 09/15/54 | &nbsp;&nbsp; 35 | 34158 |
| 5.80%, 09/01/53 | &nbsp;&nbsp; 25 | 25482 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Evergy Kansas Central, Inc. |  |  |
| 3.25%, 09/01/49 | &nbsp;&nbsp; $35 | $24321 |
| 3.45%, 04/15/50 | &nbsp;&nbsp; 10 | 7255 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 45 | 38627 |
| 4.13%, 03/01/42 | &nbsp;&nbsp; 41 | 35571 |
| 4.25%, 12/01/45 | &nbsp;&nbsp; 35 | 29648 |
| 5.70%, 03/15/53 | &nbsp;&nbsp; 35 | 35325 |
| Evergy Metro, Inc. |  |  |
| 4.20%, 06/15/47 | &nbsp;&nbsp; 35 | 29042 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 25 | 20606 |
| 5.30%, 10/01/41 | &nbsp;&nbsp; 40 | 40372 |
| Series 2019, 4.13%, 04/01/49 | &nbsp;&nbsp; 40 | 32769 |
| Eversource Energy, 3.45%, 01/15/50 | &nbsp;&nbsp; 65 | 46214 |
| Exelon Corp. |  |  |
| 4.10%, 03/15/52 | &nbsp;&nbsp; 115 | 89799 |
| 4.45%, 04/15/46 | &nbsp;&nbsp; 85 | 72142 |
| 4.70%, 04/15/50 | &nbsp;&nbsp; 85 | 73271 |
| 5.10%, 06/15/45 | &nbsp;&nbsp; 50 | 46593 |
| 5.60%, 03/15/53 | &nbsp;&nbsp; 70 | 68063 |
| 5.88%, 03/15/55 | &nbsp;&nbsp; 65 | 65263 |
| FIEMEX Energia - Banco Actinver SA Institucion de <br> Banca Multiple, 7.25%, 01/31/41<sup>(f)</sup><br>| &nbsp;&nbsp; 198 | 206713 |
| FirstEnergy Corp. |  |  |
| Series C, 3.40%, 03/01/50 | &nbsp;&nbsp; 95 | 66504 |
| Series C, 4.85%, 07/15/47 | &nbsp;&nbsp; 80 | 71257 |
| FirstEnergy Transmission LLC |  |  |
| 4.55%, 04/01/49<sup>(b)</sup> | &nbsp;&nbsp; 55 | 47706 |
| 5.45%, 07/15/44<sup>(b)</sup> | &nbsp;&nbsp; 45 | 44369 |
| Florida Power & Light Co. |  |  |
| 2.88%, 12/04/51 | &nbsp;&nbsp; 65 | 42140 |
| 3.15%, 10/01/49 | &nbsp;&nbsp; 50 | 35101 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 60 | 46662 |
| 3.80%, 12/15/42 | &nbsp;&nbsp; 50 | 41737 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 145 | 117382 |
| 3.99%, 03/01/49 | &nbsp;&nbsp; 45 | 36335 |
| 4.05%, 06/01/42 | &nbsp;&nbsp; 60 | 52422 |
| 4.05%, 10/01/44 | &nbsp;&nbsp; 80 | 68014 |
| 4.13%, 02/01/42 | &nbsp;&nbsp; 55 | 48596 |
| 4.13%, 06/01/48 | &nbsp;&nbsp; 65 | 53905 |
| 5.25%, 02/01/41 | &nbsp;&nbsp; 65 | 65871 |
| 5.30%, 04/01/53 | &nbsp;&nbsp; 110 | 107341 |
| 5.60%, 06/15/54 | &nbsp;&nbsp; 85 | 86511 |
| 5.60%, 02/15/66 | &nbsp;&nbsp; 100 | 99379 |
| 5.65%, 02/01/37 | &nbsp;&nbsp; 40 | 43191 |
| 5.69%, 03/01/40 | &nbsp;&nbsp; 50 | 52788 |
| 5.70%, 03/15/55 | &nbsp;&nbsp; 75 | 77231 |
| 5.80%, 03/15/65 | &nbsp;&nbsp; 35 | 35987 |
| 5.95%, 02/01/38 | &nbsp;&nbsp; 50 | 54936 |
| 5.96%, 04/01/39 | &nbsp;&nbsp; 60 | 65533 |
| Georgia Power Co. |  |  |
| 4.30%, 03/15/42 | &nbsp;&nbsp; 135 | 121143 |
| 4.30%, 03/15/43 | &nbsp;&nbsp; 40 | 35414 |
| 5.13%, 05/15/52 | &nbsp;&nbsp; 75 | 70799 |
| 5.50%, 10/01/55 | &nbsp;&nbsp; 25 | 24687 |
| Series 10-C, 4.75%, 09/01/40 | &nbsp;&nbsp; 75 | 72290 |
| Series A, 3.25%, 03/15/51 | &nbsp;&nbsp; 55 | 38315 |
| Series B, 3.70%, 01/30/50 | &nbsp;&nbsp; 85 | 64737 |
| Great River Energy, 6.25%, 07/01/38<sup>(b)</sup> | &nbsp;&nbsp; 69 | 74165 |
| Iberdrola International BV, 6.75%, 07/15/36 | &nbsp;&nbsp; 45 | 52214 |
| Idaho Power Co. |  |  |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 25 | 24777 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.70%, 03/15/55 | &nbsp;&nbsp; $35 | $35387 |
| 5.80%, 04/01/54 | &nbsp;&nbsp; 35 | 36135 |
| Series K, 4.20%, 03/01/48 | &nbsp;&nbsp; 5 | 4174 |
| Indiana Michigan Power Co. |  |  |
| 3.25%, 05/01/51 | &nbsp;&nbsp; 20 | 13600 |
| 4.25%, 08/15/48 | &nbsp;&nbsp; 35 | 28915 |
| 5.60%, 03/15/56 | &nbsp;&nbsp; 100 | 99648 |
| 5.63%, 04/01/53 | &nbsp;&nbsp; 70 | 70296 |
| Series K, 4.55%, 03/15/46 | &nbsp;&nbsp; 71 | 62559 |
| Series L, 3.75%, 07/01/47 | &nbsp;&nbsp; 15 | 11603 |
| Indianapolis Power & Light Co. |  |  |
| 4.05%, 05/01/46<sup>(b)</sup> | &nbsp;&nbsp; 20 | 16470 |
| 5.70%, 04/01/54<sup>(b)</sup> | &nbsp;&nbsp; 55 | 55589 |
| Infraestructura Energetica Nova SAPI de CV, 4.75%, <br> 01/15/51<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 153504 |
| Interstate Power and Light Co. |  |  |
| 3.50%, 09/30/49 | &nbsp;&nbsp; 10 | 7340 |
| 3.70%, 09/15/46 | &nbsp;&nbsp; 20 | 15396 |
| 5.45%, 09/30/54 | &nbsp;&nbsp; 20 | 19254 |
| 5.60%, 10/01/55 | &nbsp;&nbsp; 50 | 49128 |
| 6.25%, 07/15/39 | &nbsp;&nbsp; 30 | 32820 |
| John Sevier Combined Cycle Generation LLC, 4.63%, <br> 01/15/42<br>| &nbsp;&nbsp; 8 | 7518 |
| Johnsonville Aeroderivative Combustion Turbine <br> Generation LLC, 5.08%, 10/01/54<br>| &nbsp;&nbsp; 5 | 4817 |
| Kentucky Utilities Co. |  |  |
| 3.30%, 06/01/50 | &nbsp;&nbsp; 70 | 48782 |
| 4.38%, 10/01/45 | &nbsp;&nbsp; 70 | 60435 |
| 5.13%, 11/01/40 | &nbsp;&nbsp; 40 | 39727 |
| 5.85%, 08/15/55 | &nbsp;&nbsp; 65 | 66931 |
| Louisville Gas and Electric Co. |  |  |
| 4.25%, 04/01/49 | &nbsp;&nbsp; 40 | 33163 |
| 5.85%, 08/15/55 | &nbsp;&nbsp; 80 | 82051 |
| Massachusetts Electric Co. |  |  |
| 4.00%, 08/15/46<sup>(b)</sup> | &nbsp;&nbsp; 45 | 35962 |
| 5.87%, 02/26/54<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50647 |
| 5.90%, 11/15/39<sup>(b)</sup> | &nbsp;&nbsp; 75 | 79417 |
| MidAmerican Energy Co. |  |  |
| 2.70%, 08/01/52 | &nbsp;&nbsp; 45 | 28461 |
| 3.15%, 04/15/50 | &nbsp;&nbsp; 80 | 55318 |
| 3.65%, 08/01/48 | &nbsp;&nbsp; 70 | 53583 |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 30 | 24393 |
| 4.25%, 05/01/46 | &nbsp;&nbsp; 5 | 4282 |
| 4.25%, 07/15/49 | &nbsp;&nbsp; 110 | 92179 |
| 4.40%, 10/15/44 | &nbsp;&nbsp; 45 | 39609 |
| 4.80%, 09/15/43 | &nbsp;&nbsp; 25 | 23305 |
| 5.30%, 02/01/55 | &nbsp;&nbsp; 35 | 33912 |
| 5.50%, 11/15/56 | &nbsp;&nbsp; 25 | 24889 |
| 5.80%, 10/15/36 | &nbsp;&nbsp; 35 | 38023 |
| 5.85%, 09/15/54 | &nbsp;&nbsp; 100 | 104246 |
| Minejesa Capital BV, 5.63%, 08/10/37<sup>(f)</sup> | &nbsp;&nbsp; 200 | 198326 |
| Mississippi Power Co. |  |  |
| Series 12-A, 4.25%, 03/15/42 | &nbsp;&nbsp; 60 | 52707 |
| Series B, 3.10%, 07/30/51 | &nbsp;&nbsp; 70 | 47445 |
| Monongahela Power Co., 5.40%, 12/15/43<sup>(b)</sup> | &nbsp;&nbsp; 70 | 69329 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| 4.30%, 03/15/49 | &nbsp;&nbsp; 15 | 12811 |
| 4.40%, 11/01/48 | &nbsp;&nbsp; 10 | 8619 |
| Nevada Power Co. |  |  |
| 6.00%, 03/15/54 | &nbsp;&nbsp; 70 | 72410 |
| Series EE, 3.13%, 08/01/50 | &nbsp;&nbsp; 20 | 13429 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series R, 6.75%, 07/01/37 | &nbsp;&nbsp; $50 | $57374 |
| New England Power Co. |  |  |
| 2.81%, 10/06/50<sup>(b)</sup> | &nbsp;&nbsp; 20 | 12505 |
| 3.80%, 12/05/47<sup>(b)</sup> | &nbsp;&nbsp; 50 | 38976 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 3.00%, 01/15/52 | &nbsp;&nbsp; 75 | 48291 |
| 5.11%, 09/29/57<sup>(b)</sup> | &nbsp;&nbsp; 30 | 26846 |
| 5.25%, 02/28/53 | &nbsp;&nbsp; 120 | 112116 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 75 | 72906 |
| 5.85%, 03/01/56 | &nbsp;&nbsp; 50 | 50276 |
| 5.90%, 03/15/55 | &nbsp;&nbsp; 80 | 81292 |
| Niagara Mohawk Power Corp. |  |  |
| 3.03%, 06/27/50<sup>(b)</sup> | &nbsp;&nbsp; 55 | 36091 |
| 4.12%, 11/28/42<sup>(b)</sup> | &nbsp;&nbsp; 25 | 21111 |
| 5.66%, 01/17/54<sup>(b)</sup> | &nbsp;&nbsp; 75 | 73593 |
| 5.78%, 09/16/52<sup>(b)</sup> | &nbsp;&nbsp; 60 | 60468 |
| 6.00%, 07/03/55<sup>(b)</sup> | &nbsp;&nbsp; 85 | 86811 |
| Northern States Power Co. |  |  |
| 2.60%, 06/01/51 | &nbsp;&nbsp; 63 | 39041 |
| 2.90%, 03/01/50 | &nbsp;&nbsp; 70 | 46863 |
| 3.20%, 04/01/52 | &nbsp;&nbsp; 55 | 38275 |
| 3.40%, 08/15/42 | &nbsp;&nbsp; 76 | 60705 |
| 3.60%, 09/15/47 | &nbsp;&nbsp; 75 | 57906 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 60 | 51753 |
| 5.10%, 05/15/53 | &nbsp;&nbsp; 50 | 46957 |
| 5.35%, 11/01/39 | &nbsp;&nbsp; 35 | 35965 |
| 5.40%, 03/15/54 | &nbsp;&nbsp; 90 | 88626 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 75 | 76328 |
| Northern States Power Co./MN, 5.65%, 05/15/55 | &nbsp;&nbsp; 40 | 40714 |
| NSTAR Electric Co. |  |  |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 45 | 30449 |
| 4.40%, 03/01/44 | &nbsp;&nbsp; 50 | 44011 |
| 4.55%, 06/01/52 | &nbsp;&nbsp; 55 | 47224 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 45 | 41141 |
| 5.50%, 03/15/40 | &nbsp;&nbsp; 20 | 20633 |
| Oglethorpe Power Corp. |  |  |
| 3.75%, 08/01/50 | &nbsp;&nbsp; 25 | 18420 |
| 4.50%, 04/01/47 | &nbsp;&nbsp; 60 | 50908 |
| 5.05%, 10/01/48 | &nbsp;&nbsp; 80 | 73007 |
| 5.38%, 11/01/40 | &nbsp;&nbsp; 50 | 50482 |
| 5.80%, 06/01/54 | &nbsp;&nbsp; 45 | 45205 |
| 5.90%, 02/01/55 | &nbsp;&nbsp; 30 | 30279 |
| 5.95%, 11/01/39 | &nbsp;&nbsp; 37 | 39627 |
| 6.20%, 12/01/53 | &nbsp;&nbsp; 55 | 57989 |
| Ohio Edison Co., 6.88%, 07/15/36 | &nbsp;&nbsp; 35 | 40587 |
| Ohio Power Co. |  |  |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 30 | 23506 |
| 4.15%, 04/01/48 | &nbsp;&nbsp; 70 | 57035 |
| Oklahoma Gas and Electric Co. |  |  |
| 3.85%, 08/15/47 | &nbsp;&nbsp; 15 | 11973 |
| 4.15%, 04/01/47 | &nbsp;&nbsp; 15 | 12448 |
| 5.60%, 04/01/53 | &nbsp;&nbsp; 55 | 54649 |
| 5.80%, 04/01/55 | &nbsp;&nbsp; 20 | 20534 |
| Oncor Electric Delivery Co. LLC |  |  |
| 2.70%, 11/15/51 | &nbsp;&nbsp; 45 | 27428 |
| 3.10%, 09/15/49 | &nbsp;&nbsp; 90 | 60823 |
| 3.70%, 05/15/50 | &nbsp;&nbsp; 20 | 15116 |
| 3.75%, 04/01/45 | &nbsp;&nbsp; 70 | 56044 |
| 3.80%, 09/30/47 | &nbsp;&nbsp; 70 | 54842 |
| 3.80%, 06/01/49 | &nbsp;&nbsp; 65 | 49770 |
| 4.10%, 11/15/48 | &nbsp;&nbsp; 45 | 36530 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.55%, 12/01/41 | &nbsp;&nbsp; $55 | $50177 |
| 4.60%, 06/01/52 | &nbsp;&nbsp; 60 | 51241 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 95 | 86480 |
| 5.25%, 09/30/40 | &nbsp;&nbsp; 30 | 30301 |
| 5.30%, 06/01/42 | &nbsp;&nbsp; 90 | 89524 |
| 5.35%, 10/01/52 | &nbsp;&nbsp; 30 | 28758 |
| 5.55%, 06/15/54 | &nbsp;&nbsp; 55 | 54416 |
| 5.80%, 04/01/55<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51359 |
| 7.50%, 09/01/38 | &nbsp;&nbsp; 40 | 48873 |
| Pacific Gas and Electric Co. |  |  |
| 3.30%, 08/01/40 | &nbsp;&nbsp; 90 | 69886 |
| 3.50%, 08/01/50 | &nbsp;&nbsp; 215 | 147817 |
| 3.75%, 08/15/42 | &nbsp;&nbsp; 45 | 35012 |
| 3.95%, 12/01/47 | &nbsp;&nbsp; 105 | 79900 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 40 | 30799 |
| 4.20%, 06/01/41 | &nbsp;&nbsp; 70 | 58753 |
| 4.25%, 03/15/46 | &nbsp;&nbsp; 30 | 23976 |
| 4.30%, 03/15/45 | &nbsp;&nbsp; 110 | 89085 |
| 4.45%, 04/15/42 | &nbsp;&nbsp; 40 | 34208 |
| 4.50%, 07/01/40 | &nbsp;&nbsp; 165 | 146715 |
| 4.60%, 06/15/43 | &nbsp;&nbsp; 25 | 21454 |
| 4.75%, 02/15/44 | &nbsp;&nbsp; 95 | 82453 |
| 4.95%, 07/01/50 | &nbsp;&nbsp; 290 | 250303 |
| 5.25%, 03/01/52 | &nbsp;&nbsp; 95 | 84458 |
| 6.00%, 05/01/56 | &nbsp;&nbsp; 60 | 59210 |
| 6.10%, 10/15/55 | &nbsp;&nbsp; 100 | 100280 |
| 6.15%, 03/01/55 | &nbsp;&nbsp; 60 | 60313 |
| 6.70%, 04/01/53 | &nbsp;&nbsp; 65 | 70077 |
| 6.75%, 01/15/53 | &nbsp;&nbsp; 160 | 172972 |
| PacifiCorp |  |  |
| 2.90%, 06/15/52 | &nbsp;&nbsp; 110 | 65804 |
| 3.30%, 03/15/51 | &nbsp;&nbsp; 90 | 59182 |
| 4.10%, 02/01/42 | &nbsp;&nbsp; 55 | 44960 |
| 4.13%, 01/15/49 | &nbsp;&nbsp; 80 | 61480 |
| 4.15%, 02/15/50 | &nbsp;&nbsp; 90 | 68408 |
| 5.35%, 12/01/53 | &nbsp;&nbsp; 130 | 116553 |
| 5.50%, 05/15/54 | &nbsp;&nbsp; 145 | 132622 |
| 5.75%, 04/01/37 | &nbsp;&nbsp; 50 | 51071 |
| 5.80%, 01/15/55 | &nbsp;&nbsp; 175 | 166585 |
| 6.00%, 01/15/39 | &nbsp;&nbsp; 85 | 87094 |
| 6.10%, 08/01/36 | &nbsp;&nbsp; 35 | 37116 |
| 6.25%, 10/15/37 | &nbsp;&nbsp; 60 | 63834 |
| 6.35%, 07/15/38 | &nbsp;&nbsp; 20 | 21431 |
| PECO Energy Co. |  |  |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 35 | 22342 |
| 2.85%, 09/15/51 | &nbsp;&nbsp; 35 | 22258 |
| 3.00%, 09/15/49 | &nbsp;&nbsp; 40 | 26765 |
| 3.70%, 09/15/47 | &nbsp;&nbsp; 75 | 58232 |
| 3.90%, 03/01/48 | &nbsp;&nbsp; 100 | 79822 |
| 4.15%, 10/01/44 | &nbsp;&nbsp; 70 | 59787 |
| 4.38%, 08/15/52 | &nbsp;&nbsp; 10 | 8346 |
| 4.60%, 05/15/52 | &nbsp;&nbsp; 40 | 34750 |
| 5.25%, 09/15/54 | &nbsp;&nbsp; 30 | 28465 |
| 5.65%, 09/15/55 | &nbsp;&nbsp; 40 | 40444 |
| 5.95%, 10/01/36 | &nbsp;&nbsp; 15 | 16499 |
| Perusahaan Perseroan Persero PT Perusahaan <br> Listrik Negara<br>|  |  |
| 4.88%, 07/17/49<sup>(f)</sup> | &nbsp;&nbsp; 200 | 170476 |
| 6.15%, 05/21/48<sup>(f)</sup> | &nbsp;&nbsp; 200 | 201351 |
| PG&E Recovery Funding LLC, Series A-2, 5.23%, <br> 06/01/42<br>| &nbsp;&nbsp; 450 | 465477 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| PG&E Wildfire Recovery Funding LLC, Series A-5, <br> 5.10%, 06/01/54<br>| &nbsp;&nbsp; $648 | $619305 |
| Potomac Electric Power Co. |  |  |
| 4.15%, 03/15/43 | &nbsp;&nbsp; 70 | 60439 |
| 5.50%, 03/15/54 | &nbsp;&nbsp; 50 | 49080 |
| 6.50%, 11/15/37 | &nbsp;&nbsp; 40 | 45251 |
| PPL Electric Utilities Corp. |  |  |
| 3.00%, 10/01/49 | &nbsp;&nbsp; 30 | 20184 |
| 3.95%, 06/01/47 | &nbsp;&nbsp; 25 | 20289 |
| 4.13%, 06/15/44 | &nbsp;&nbsp; 65 | 55602 |
| 4.15%, 10/01/45 | &nbsp;&nbsp; 45 | 38066 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 45 | 37545 |
| 4.75%, 07/15/43 | &nbsp;&nbsp; 50 | 46604 |
| 5.25%, 05/15/53 | &nbsp;&nbsp; 80 | 76852 |
| 5.55%, 08/15/55 | &nbsp;&nbsp; 95 | 95724 |
| 6.25%, 05/15/39 | &nbsp;&nbsp; 10 | 11115 |
| Progress Energy, Inc., 6.00%, 12/01/39 | &nbsp;&nbsp; 65 | 69587 |
| Public Service Co. of Colorado |  |  |
| 3.60%, 09/15/42 | &nbsp;&nbsp; 45 | 36096 |
| 3.80%, 06/15/47 | &nbsp;&nbsp; 20 | 15671 |
| 4.05%, 09/15/49 | &nbsp;&nbsp; 45 | 35850 |
| 4.10%, 06/15/48 | &nbsp;&nbsp; 35 | 28425 |
| 4.30%, 03/15/44 | &nbsp;&nbsp; 50 | 43236 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 55 | 46605 |
| 5.25%, 04/01/53 | &nbsp;&nbsp; 95 | 89446 |
| 5.75%, 05/15/54 | &nbsp;&nbsp; 60 | 60824 |
| 5.85%, 05/15/55 | &nbsp;&nbsp; 35 | 35765 |
| 6.50%, 08/01/38 | &nbsp;&nbsp; 25 | 28143 |
| Series 17, 6.25%, 09/01/37 | &nbsp;&nbsp; 36 | 39721 |
| Series 34, 3.20%, 03/01/50 | &nbsp;&nbsp; 65 | 44857 |
| Series 36, 2.70%, 01/15/51 | &nbsp;&nbsp; 60 | 36726 |
| Public Service Co. of New Hampshire |  |  |
| 3.60%, 07/01/49 | &nbsp;&nbsp; 40 | 30288 |
| 5.15%, 01/15/53 | &nbsp;&nbsp; 35 | 33026 |
| Public Service Co. of Oklahoma, Series K, 3.15%, <br> 08/15/51<br>| &nbsp;&nbsp; 20 | 13438 |
| Public Service Electric and Gas Co. |  |  |
| 2.05%, 08/01/50 | &nbsp;&nbsp; 35 | 19204 |
| 2.70%, 05/01/50 | &nbsp;&nbsp; 25 | 15976 |
| 3.00%, 03/01/51 | &nbsp;&nbsp; 40 | 26549 |
| 3.15%, 01/01/50 | &nbsp;&nbsp; 35 | 23998 |
| 3.20%, 08/01/49 | &nbsp;&nbsp; 45 | 31410 |
| 3.60%, 12/01/47 | &nbsp;&nbsp; 65 | 49342 |
| 3.80%, 03/01/46 | &nbsp;&nbsp; 85 | 68437 |
| 3.85%, 05/01/49 | &nbsp;&nbsp; 65 | 50972 |
| 3.95%, 05/01/42 | &nbsp;&nbsp; 55 | 47422 |
| 5.13%, 03/15/53 | &nbsp;&nbsp; 60 | 56871 |
| 5.30%, 08/01/54 | &nbsp;&nbsp; 50 | 48375 |
| 5.45%, 08/01/53 | &nbsp;&nbsp; 50 | 49311 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 65 | 64378 |
| 5.50%, 03/01/40 | &nbsp;&nbsp; 15 | 15542 |
| 5.80%, 05/01/37 | &nbsp;&nbsp; 45 | 48671 |
| Series R, 5.63%, 01/01/56 | &nbsp;&nbsp; 35 | 35651 |
| Puget Sound Energy, Inc. |  |  |
| 2.89%, 09/15/51 | &nbsp;&nbsp; 30 | 19707 |
| 3.25%, 09/15/49 | &nbsp;&nbsp; 45 | 31477 |
| 4.22%, 06/15/48 | &nbsp;&nbsp; 53 | 44343 |
| 4.30%, 05/20/45 | &nbsp;&nbsp; 30 | 25424 |
| 5.45%, 06/01/53 | &nbsp;&nbsp; 25 | 24483 |
| 5.60%, 09/15/55 | &nbsp;&nbsp; 95 | 94695 |
| 5.64%, 04/15/41 | &nbsp;&nbsp; 31 | 31814 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.69%, 06/15/54 | &nbsp;&nbsp; $40 | $40455 |
| 5.76%, 10/01/39 | &nbsp;&nbsp; 35 | 37179 |
| 5.80%, 03/15/40 | &nbsp;&nbsp; 30 | 31459 |
| 6.27%, 03/15/37 | &nbsp;&nbsp; 30 | 33392 |
| RWE Finance U.S. LLC, 6.25%, 04/16/54<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10428 |
| San Diego Gas & Electric Co. |  |  |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 55 | 40800 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 45 | 36794 |
| 4.50%, 08/15/40 | &nbsp;&nbsp; 75 | 69424 |
| 5.35%, 04/01/53 | &nbsp;&nbsp; 90 | 85938 |
| 5.55%, 04/15/54 | &nbsp;&nbsp; 65 | 63780 |
| 6.00%, 06/01/39 | &nbsp;&nbsp; 30 | 32244 |
| Series RRR, 3.75%, 06/01/47 | &nbsp;&nbsp; 50 | 38888 |
| Series TTT, 4.10%, 06/15/49 | &nbsp;&nbsp; 35 | 27990 |
| Series UUU, 3.32%, 04/15/50 | &nbsp;&nbsp; 45 | 31416 |
| Series WWW, 2.95%, 08/15/51 | &nbsp;&nbsp; 90 | 58870 |
| Saudi Electricity Global Sukuk Co. 2, 5.06%, <br> 04/08/43<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 193189 |
| Saudi Electricity Global Sukuk Co. 3, 5.50%, <br> 04/08/44<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 200825 |
| Sempra |  |  |
| 3.80%, 02/01/38 | &nbsp;&nbsp; 70 | 61140 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 45 | 34887 |
| 6.00%, 10/15/39 | &nbsp;&nbsp; 65 | 68645 |
| Sierra Pacific Power Co., 5.90%, 03/15/54 | &nbsp;&nbsp; 55 | 56100 |
| Southern California Edison Co. |  |  |
| 3.45%, 02/01/52 | &nbsp;&nbsp; 65 | 44183 |
| 3.65%, 02/01/50 | &nbsp;&nbsp; 125 | 89344 |
| 4.00%, 04/01/47 | &nbsp;&nbsp; 195 | 150239 |
| 4.05%, 03/15/42 | &nbsp;&nbsp; 61 | 49781 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 35 | 31210 |
| 4.65%, 10/01/43 | &nbsp;&nbsp; 50 | 43390 |
| 5.50%, 03/15/40 | &nbsp;&nbsp; 60 | 59671 |
| 5.70%, 03/01/53 | &nbsp;&nbsp; 60 | 57188 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 65 | 62574 |
| 5.88%, 12/01/53 | &nbsp;&nbsp; 80 | 78572 |
| 5.90%, 03/01/55 | &nbsp;&nbsp; 40 | 39373 |
| 6.05%, 03/15/39 | &nbsp;&nbsp; 60 | 62780 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 70 | 71881 |
| Series 06-E, 5.55%, 01/15/37 | &nbsp;&nbsp; 30 | 30673 |
| Series 08-A, 5.95%, 02/01/38 | &nbsp;&nbsp; 46 | 48030 |
| Series 13-A, 3.90%, 03/15/43 | &nbsp;&nbsp; 110 | 86664 |
| Series 20A, 2.95%, 02/01/51 | &nbsp;&nbsp; 90 | 56339 |
| Series B, 4.88%, 03/01/49 | &nbsp;&nbsp; 90 | 77502 |
| Series C, 3.60%, 02/01/45 | &nbsp;&nbsp; 60 | 44454 |
| Series C, 4.13%, 03/01/48 | &nbsp;&nbsp; 75 | 58724 |
| Series E, 5.45%, 06/01/52 | &nbsp;&nbsp; 25 | 23078 |
| Series H, 3.65%, 06/01/51 | &nbsp;&nbsp; 35 | 24584 |
| Southern Co.(The) |  |  |
| 4.25%, 07/01/36 | &nbsp;&nbsp; 50 | 47329 |
| 4.40%, 07/01/46 | &nbsp;&nbsp; 195 | 166743 |
| Southern Power Co. |  |  |
| 5.15%, 09/15/41 | &nbsp;&nbsp; 65 | 63608 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 40 | 39011 |
| Series F, 4.95%, 12/15/46 | &nbsp;&nbsp; 55 | 49793 |
| Southwestern Electric Power Co. |  |  |
| 3.25%, 11/01/51 | &nbsp;&nbsp; 80 | 53392 |
| 6.20%, 03/15/40 | &nbsp;&nbsp; 80 | 85819 |
| Series J, 3.90%, 04/01/45 | &nbsp;&nbsp; 60 | 47353 |
| Series L, 3.85%, 02/01/48 | &nbsp;&nbsp; 35 | 26700 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Southwestern Public Service Co. |  |  |
| 3.40%, 08/15/46 | &nbsp;&nbsp; $75 | $54424 |
| 3.70%, 08/15/47 | &nbsp;&nbsp; 55 | 42057 |
| 3.75%, 06/15/49 | &nbsp;&nbsp; 40 | 30561 |
| 4.50%, 08/15/41 | &nbsp;&nbsp; 35 | 31486 |
| 6.00%, 06/01/54 | &nbsp;&nbsp; 50 | 51851 |
| Series 6, 4.40%, 11/15/48 | &nbsp;&nbsp; 40 | 33622 |
| Series 8, 3.15%, 05/01/50 | &nbsp;&nbsp; 70 | 47244 |
| State Grid Overseas Investment 2014 Ltd., 4.85%, <br> 05/07/44<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 204837 |
| Tampa Electric Co. |  |  |
| 3.45%, 03/15/51 | &nbsp;&nbsp; 29 | 20848 |
| 3.63%, 06/15/50 | &nbsp;&nbsp; 30 | 22336 |
| 4.10%, 06/15/42 | &nbsp;&nbsp; 25 | 21635 |
| 4.30%, 06/15/48 | &nbsp;&nbsp; 33 | 27850 |
| 4.35%, 05/15/44 | &nbsp;&nbsp; 14 | 12206 |
| 4.45%, 06/15/49 | &nbsp;&nbsp; 40 | 33909 |
| 5.00%, 07/15/52 | &nbsp;&nbsp; 20 | 18498 |
| Tierra Mojada Luxembourg II SARL, 5.75%, <br> 12/01/40<sup>(f)</sup><br>| &nbsp;&nbsp; 169 | 165978 |
| Toledo Edison Co. (The), 6.15%, 05/15/37 | &nbsp;&nbsp; 26 | 28739 |
| TransAlta Corp., 6.50%, 03/15/40 | &nbsp;&nbsp; 35 | 35360 |
| Tri-State Generation & Transmission Association, Inc., <br> 6.00%, 06/15/40<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | 15792 |
| Tucson Electric Power Co. |  |  |
| 3.25%, 05/01/51 | &nbsp;&nbsp; 30 | 20465 |
| 4.00%, 06/15/50 | &nbsp;&nbsp; 30 | 23610 |
| 4.85%, 12/01/48 | &nbsp;&nbsp; 15 | 13537 |
| 5.50%, 04/15/53 | &nbsp;&nbsp; 30 | 29008 |
| 5.90%, 04/15/55 | &nbsp;&nbsp; 20 | 20491 |
| Union Electric Co. |  |  |
| 2.63%, 03/15/51 | &nbsp;&nbsp; 75 | 46065 |
| 3.25%, 10/01/49 | &nbsp;&nbsp; 40 | 27807 |
| 3.65%, 04/15/45 | &nbsp;&nbsp; 65 | 51774 |
| 3.90%, 09/15/42 | &nbsp;&nbsp; 50 | 42219 |
| 3.90%, 04/01/52 | &nbsp;&nbsp; 35 | 27279 |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 20 | 16181 |
| 5.13%, 03/15/55 | &nbsp;&nbsp; 45 | 42231 |
| 5.25%, 01/15/54 | &nbsp;&nbsp; 40 | 38261 |
| 5.30%, 08/01/37 | &nbsp;&nbsp; 45 | 46811 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 60 | 59270 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 50 | 49705 |
| 8.45%, 03/15/39 | &nbsp;&nbsp; 26 | 33993 |
| Virginia Electric and Power Co. |  |  |
| 2.45%, 12/15/50 | &nbsp;&nbsp; 165 | 95563 |
| 2.95%, 11/15/51 | &nbsp;&nbsp; 110 | 69847 |
| 3.30%, 12/01/49 | &nbsp;&nbsp; 75 | 52069 |
| 4.00%, 01/15/43 | &nbsp;&nbsp; 70 | 58280 |
| 4.45%, 02/15/44 | &nbsp;&nbsp; 80 | 70138 |
| 4.60%, 12/01/48 | &nbsp;&nbsp; 25 | 21554 |
| 5.35%, 01/15/54 | &nbsp;&nbsp; 70 | 66331 |
| 5.55%, 08/15/54 | &nbsp;&nbsp; 15 | 14599 |
| 5.65%, 03/15/55 | &nbsp;&nbsp; 25 | 24683 |
| 5.70%, 08/15/53 | &nbsp;&nbsp; 60 | 59662 |
| 5.70%, 03/15/56 | &nbsp;&nbsp; 150 | 149134 |
| 6.35%, 11/30/37 | &nbsp;&nbsp; 10 | 11123 |
| 8.88%, 11/15/38 | &nbsp;&nbsp; 55 | 73710 |
| Series A, 6.00%, 05/15/37 | &nbsp;&nbsp; 55 | 59340 |
| Series B, 3.80%, 09/15/47 | &nbsp;&nbsp; 84 | 65216 |
| Series B, 4.20%, 05/15/45 | &nbsp;&nbsp; 35 | 29219 |
| Series C, 4.00%, 11/15/46 | &nbsp;&nbsp; 75 | 60453 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series C, 4.63%, 05/15/52 | &nbsp;&nbsp; $85 | $72443 |
| Series D, 4.65%, 08/15/43 | &nbsp;&nbsp; 85 | 76647 |
| Series D, 5.60%, 09/15/55 | &nbsp;&nbsp; 120 | 117545 |
| Wisconsin Electric Power Co. |  |  |
| 4.30%, 10/15/48 | &nbsp;&nbsp; 30 | 25382 |
| 5.05%, 10/01/54 | &nbsp;&nbsp; 30 | 28053 |
| 5.70%, 12/01/36 | &nbsp;&nbsp; 30 | 32445 |
| Wisconsin Power and Light Co. |  |  |
| 3.65%, 04/01/50 | &nbsp;&nbsp; 20 | 14866 |
| 5.70%, 12/15/55 | &nbsp;&nbsp; 50 | 50044 |
| 6.38%, 08/15/37 | &nbsp;&nbsp; 25 | 27768 |
| Wisconsin Public Service Corp. |  |  |
| 2.85%, 12/01/51 | &nbsp;&nbsp; 40 | 25753 |
| 3.30%, 09/01/49 | &nbsp;&nbsp; 15 | 10605 |
| 3.67%, 12/01/42 | &nbsp;&nbsp; 20 | 16371 |
| 4.75%, 11/01/44 | &nbsp;&nbsp; 40 | 36657 |
| Xcel Energy, Inc. |  |  |
| 3.50%, 12/01/49 | &nbsp;&nbsp; 70 | 51015 |
| 6.50%, 07/01/36 | &nbsp;&nbsp; 40 | 44273 |
|  |  | 35837071 |
| **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
| ABB Finance USA, Inc., 4.38%, 05/08/42 | &nbsp;&nbsp; 40 | 36388 |
| Emerson Electric Co. |  |  |
| 2.75%, 10/15/50 | &nbsp;&nbsp; 45 | 29240 |
| 2.80%, 12/21/51 | &nbsp;&nbsp; 85 | 54909 |
| 5.25%, 11/15/39 | &nbsp;&nbsp; 75 | 78111 |
|  |  | 198648 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| Amphenol Corp., 5.30%, 11/15/55 | &nbsp;&nbsp; 140 | 135481 |
| Fortive Corp., 4.30%, 06/15/46 | &nbsp;&nbsp; 55 | 46421 |
| Honeywell International, Inc. |  |  |
| 2.80%, 06/01/50 | &nbsp;&nbsp; 105 | 70912 |
| 3.81%, 11/21/47 | &nbsp;&nbsp; 90 | 71797 |
| 5.25%, 03/01/54 | &nbsp;&nbsp; 125 | 120284 |
| 5.35%, 03/01/64 | &nbsp;&nbsp; 45 | 43516 |
| 5.38%, 03/01/41 | &nbsp;&nbsp; 90 | 93765 |
| 5.70%, 03/15/36 | &nbsp;&nbsp; 65 | 70226 |
| 5.70%, 03/15/37 | &nbsp;&nbsp; 30 | 32447 |
| Tyco Electronics Group SA, 7.13%, 10/01/37 | &nbsp;&nbsp; 45 | 53754 |
|  |  | 738603 |
| **Energy - Alternate Sources — 0.0%** | **Energy - Alternate Sources — 0.0%** | **Energy - Alternate Sources — 0.0%** |
| Topaz Solar Farms LLC, 5.75%, 09/30/39<sup>(b)</sup> | &nbsp;&nbsp; 65 | 65644 |
| **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** |
| Aeropuerto Internacional de Tocumen SA, 4.00%, <br> 08/11/41<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 171805 |
| LBJ Infrastructure Group LLC, 3.80%, 12/31/57<sup>(b)</sup> | &nbsp;&nbsp; 60 | 43976 |
| Mexico City Airport Trust, 5.50%, 07/31/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 174628 |
|  |  | 390409 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Discovery Global Holdings, Inc. |  |  |
| 5.05%, 03/15/42 | &nbsp;&nbsp; 420 | 295098 |
| 5.14%, 03/15/52 | &nbsp;&nbsp; 107 | 70261 |
|  |  | 365359 |
| **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
| Nature Conservancy (The), Series A, 3.96%, <br> 03/01/52<br>| &nbsp;&nbsp; 5 | 4078 |
| Republic Services, Inc. |  |  |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 55 | 37903 |
| 5.70%, 05/15/41 | &nbsp;&nbsp; 40 | 42710 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| 6.20%, 03/01/40 | &nbsp;&nbsp; $50 | $56372 |
| Waste Connections, Inc. |  |  |
| 2.95%, 01/15/52 | &nbsp;&nbsp; 85 | 56122 |
| 3.05%, 04/01/50 | &nbsp;&nbsp; 55 | 37926 |
| Waste Management, Inc. |  |  |
| 2.50%, 11/15/50 | &nbsp;&nbsp; 50 | 30947 |
| 2.95%, 06/01/41 | &nbsp;&nbsp; 30 | 23304 |
| 4.10%, 03/01/45 | &nbsp;&nbsp; 40 | 34759 |
| 4.15%, 07/15/49 | &nbsp;&nbsp; 85 | 72433 |
| 5.35%, 10/15/54 | &nbsp;&nbsp; 130 | 128212 |
|  |  | 524766 |
| **Food — 1.0%** | **Food — 1.0%** | **Food — 1.0%** |
| Campbell's Company/The |  |  |
| 3.13%, 04/24/50 | &nbsp;&nbsp; 55 | 36150 |
| 4.80%, 03/15/48 | &nbsp;&nbsp; 55 | 47633 |
| 5.25%, 10/13/54 | &nbsp;&nbsp; 40 | 36296 |
| Conagra Brands, Inc. |  |  |
| 5.30%, 11/01/38 | &nbsp;&nbsp; 103 | 99156 |
| 5.40%, 11/01/48 | &nbsp;&nbsp; 60 | 53768 |
| Flowers Foods, Inc., 6.20%, 03/15/55 | &nbsp;&nbsp; 15 | 12895 |
| General Mills, Inc. |  |  |
| 3.00%, 02/01/51 | &nbsp;&nbsp; 75 | 49022 |
| 4.15%, 02/15/43 | &nbsp;&nbsp; 25 | 21194 |
| 4.70%, 04/17/48<sup>(a)</sup> | &nbsp;&nbsp; 25 | 22224 |
| 5.40%, 06/15/40 | &nbsp;&nbsp; 50 | 50968 |
| Grupo Bimbo SAB de CV |  |  |
| 4.00%, 09/06/49<sup>(f)</sup> | &nbsp;&nbsp; 200 | 161885 |
| 4.70%, 11/10/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 181175 |
| Hershey Co.(The) |  |  |
| 2.65%, 06/01/50 | &nbsp;&nbsp; 20 | 12763 |
| 3.13%, 11/15/49 | &nbsp;&nbsp; 66 | 46823 |
| 3.38%, 08/15/46 | &nbsp;&nbsp; 5 | 3814 |
| Hormel Foods Corp., 3.05%, 06/03/51 | &nbsp;&nbsp; 70 | 46925 |
| Indofood CBP Sukses Makmur Tbk PT, 4.75%, <br> 06/09/51<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 167917 |
| Ingredion, Inc., 3.90%, 06/01/50 | &nbsp;&nbsp; 45 | 35243 |
| J M Smucker Co.(The) |  |  |
| 4.38%, 03/15/45 | &nbsp;&nbsp; 61 | 52885 |
| 6.50%, 11/15/43 | &nbsp;&nbsp; 65 | 70869 |
| 6.50%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 105 | 115403 |
| JBS NV/JBS USA Foods Group Holdings, Inc./JBS <br> USA Food Co. Holdings<br>|  |  |
| 6.25%, 03/01/56 | &nbsp;&nbsp; 125 | 127770 |
| 6.38%, 02/25/55 | &nbsp;&nbsp; 60 | 62403 |
| 6.38%, 04/15/66 | &nbsp;&nbsp; 130 | 132678 |
| JBS USA Holding Lux Sarl/JBS USA Foods Group <br> Holdings, Inc./JBS USA Food Co.<br>|  |  |
| 4.38%, 02/02/52 | &nbsp;&nbsp; 100 | 78854 |
| 6.50%, 12/01/52 | &nbsp;&nbsp; 150 | 158254 |
| 7.25%, 11/15/53 | &nbsp;&nbsp; 85 | 97125 |
| Kellanova |  |  |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 55 | 49481 |
| 5.75%, 05/16/54 | &nbsp;&nbsp; 35 | 35812 |
| Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40 | &nbsp;&nbsp; 52 | 55004 |
| Kraft Heinz Foods Co. |  |  |
| 4.38%, 06/01/46 | &nbsp;&nbsp; 285 | 233834 |
| 4.63%, 10/01/39 | &nbsp;&nbsp; 56 | 51173 |
| 4.88%, 10/01/49 | &nbsp;&nbsp; 135 | 116371 |
| 5.00%, 06/04/42 | &nbsp;&nbsp; 140 | 128491 |
| 5.20%, 07/15/45 | &nbsp;&nbsp; 140 | 128139 |
| 5.50%, 06/01/50 | &nbsp;&nbsp; 45 | 41985 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 6.50%, 02/09/40 | &nbsp;&nbsp; $55 | $59635 |
| 6.88%, 01/26/39 | &nbsp;&nbsp; 80 | 89957 |
| 7.13%, 08/01/39<sup>(b)</sup> | &nbsp;&nbsp; 85 | 96792 |
| Kroger Co.(The) |  |  |
| 3.88%, 10/15/46 | &nbsp;&nbsp; 50 | 39494 |
| 3.95%, 01/15/50 | &nbsp;&nbsp; 85 | 65939 |
| 4.45%, 02/01/47 | &nbsp;&nbsp; 95 | 81158 |
| 4.65%, 01/15/48 | &nbsp;&nbsp; 45 | 39466 |
| 5.00%, 04/15/42 | &nbsp;&nbsp; 30 | 28639 |
| 5.15%, 08/01/43 | &nbsp;&nbsp; 45 | 43488 |
| 5.40%, 07/15/40 | &nbsp;&nbsp; 20 | 20310 |
| 5.40%, 01/15/49 | &nbsp;&nbsp; 55 | 53235 |
| 5.50%, 09/15/54 | &nbsp;&nbsp; 135 | 130261 |
| 5.65%, 09/15/64 | &nbsp;&nbsp; 140 | 135380 |
| 6.90%, 04/15/38 | &nbsp;&nbsp; 56 | 65369 |
| Mars, Inc. |  |  |
| 2.38%, 07/16/40<sup>(b)</sup> | &nbsp;&nbsp; 80 | 58554 |
| 2.45%, 07/16/50<sup>(b)</sup> | &nbsp;&nbsp; 45 | 27056 |
| 3.88%, 04/01/39<sup>(b)</sup> | &nbsp;&nbsp; 110 | 98450 |
| 3.95%, 04/01/44<sup>(b)</sup> | &nbsp;&nbsp; 50 | 42179 |
| 3.95%, 04/01/49<sup>(b)</sup> | &nbsp;&nbsp; 85 | 68789 |
| 4.13%, 04/01/54<sup>(b)</sup> | &nbsp;&nbsp; 53 | 42842 |
| 4.20%, 04/01/59<sup>(b)</sup> | &nbsp;&nbsp; 85 | 68282 |
| 5.65%, 05/01/45<sup>(b)</sup> | &nbsp;&nbsp; 275 | 281441 |
| 5.70%, 05/01/55<sup>(b)</sup> | &nbsp;&nbsp; 390 | 395453 |
| 5.80%, 05/01/65<sup>(b)</sup> | &nbsp;&nbsp; 85 | 86936 |
| McCormick & Co., Inc./MD, 4.20%, 08/15/47 | &nbsp;&nbsp; 41 | 34153 |
| Mondelez International, Inc., 2.63%, 09/04/50 | &nbsp;&nbsp; 125 | 76276 |
| Nestle Holdings, Inc. |  |  |
| 2.63%, 09/14/51<sup>(b)</sup> | &nbsp;&nbsp; 55 | 34891 |
| 3.90%, 09/24/38<sup>(b)</sup> | &nbsp;&nbsp; 150 | 137732 |
| 4.00%, 09/24/48<sup>(b)</sup> | &nbsp;&nbsp; 30 | 25041 |
| 4.70%, 01/15/53<sup>(b)</sup> | &nbsp;&nbsp; 150 | 137627 |
| Post Holdings, Inc., 6.50%, 03/15/36<sup>(b)</sup> | &nbsp;&nbsp; 130 | 132078 |
| Sysco Corp. |  |  |
| 3.15%, 12/14/51 | &nbsp;&nbsp; 100 | 67667 |
| 3.30%, 02/15/50 | &nbsp;&nbsp; 45 | 31931 |
| 4.45%, 03/15/48 | &nbsp;&nbsp; 55 | 47195 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 65 | 56689 |
| 4.85%, 10/01/45 | &nbsp;&nbsp; 43 | 39216 |
| 6.60%, 04/01/40 | &nbsp;&nbsp; 35 | 39592 |
| 6.60%, 04/01/50 | &nbsp;&nbsp; 89 | 99637 |
| Tesco PLC, 6.15%, 11/15/37<sup>(b)</sup> | &nbsp;&nbsp; 50 | 52899 |
| Tyson Foods, Inc. |  |  |
| 4.55%, 06/02/47 | &nbsp;&nbsp; 90 | 78938 |
| 5.10%, 09/28/48 | &nbsp;&nbsp; 140 | 131809 |
| 5.15%, 08/15/44 | &nbsp;&nbsp; 50 | 48058 |
|  |  | 6212916 |
| **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** |
| Celulosa Arauco y Constitucion SA, 5.50%, 11/02/47 | &nbsp;&nbsp; 45 | 40497 |
| International Paper Co. |  |  |
| 4.35%, 08/15/48 | &nbsp;&nbsp; 82 | 67205 |
| 4.40%, 08/15/47 | &nbsp;&nbsp; 64 | 53235 |
| 4.80%, 06/15/44 | &nbsp;&nbsp; 75 | 66743 |
| 5.15%, 05/15/46 | &nbsp;&nbsp; 45 | 41672 |
| 6.00%, 11/15/41 | &nbsp;&nbsp; 60 | 62312 |
| 7.30%, 11/15/39 | &nbsp;&nbsp; 5 | 5877 |
| Suzano Austria GmbH, 7.00%, 03/16/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 223195 |
|  |  | 560736 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas — 0.4%** | **Gas — 0.4%** | **Gas — 0.4%** |
| Atmos Energy Corp. |  |  |
| 2.85%, 02/15/52 | &nbsp;&nbsp; $90 | $57892 |
| 3.38%, 09/15/49 | &nbsp;&nbsp; 60 | 43033 |
| 4.13%, 10/15/44 | &nbsp;&nbsp; 50 | 42954 |
| 4.13%, 03/15/49 | &nbsp;&nbsp; 75 | 61700 |
| 4.15%, 01/15/43 | &nbsp;&nbsp; 65 | 56919 |
| 4.30%, 10/01/48 | &nbsp;&nbsp; 65 | 55000 |
| 5.00%, 12/15/54 | &nbsp;&nbsp; 10 | 9210 |
| 5.45%, 01/15/56 | &nbsp;&nbsp; 35 | 34532 |
| 5.50%, 06/15/41 | &nbsp;&nbsp; 45 | 46674 |
| 5.75%, 10/15/52 | &nbsp;&nbsp; 65 | 66727 |
| 6.20%, 11/15/53 | &nbsp;&nbsp; 65 | 71656 |
| Boston Gas Co. |  |  |
| 4.49%, 02/15/42<sup>(b)</sup> | &nbsp;&nbsp; 30 | 26215 |
| 6.12%, 07/20/53<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51314 |
| Brooklyn Union Gas Co.(The) |  |  |
| 4.27%, 03/15/48<sup>(b)</sup> | &nbsp;&nbsp; 38 | 31021 |
| 4.49%, 03/04/49<sup>(b)</sup> | &nbsp;&nbsp; 45 | 37035 |
| 4.50%, 03/10/46<sup>(b)</sup> | &nbsp;&nbsp; 50 | 42405 |
| 6.42%, 07/18/54<sup>(b)</sup> | &nbsp;&nbsp; 55 | 57917 |
| CenterPoint Energy Resources Corp., 5.85%, <br> 01/15/41<br>| &nbsp;&nbsp; 45 | 47572 |
| East Ohio Gas Co. (The), 3.00%, 06/15/50<sup>(b)</sup> | &nbsp;&nbsp; 65 | 42643 |
| KeySpan Gas East Corp. |  |  |
| 3.59%, 01/18/52<sup>(b)</sup> | &nbsp;&nbsp; 55 | 37979 |
| 5.82%, 04/01/41<sup>(b)</sup> | &nbsp;&nbsp; 65 | 66964 |
| NiSource, Inc. |  |  |
| 3.95%, 03/30/48 | &nbsp;&nbsp; 90 | 70945 |
| 4.38%, 05/15/47 | &nbsp;&nbsp; 115 | 97220 |
| 4.80%, 02/15/44 | &nbsp;&nbsp; 100 | 91168 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 50 | 44340 |
| 5.25%, 02/15/43 | &nbsp;&nbsp; 10 | 9721 |
| 5.65%, 02/01/45 | &nbsp;&nbsp; 70 | 70561 |
| 5.85%, 04/01/55 | &nbsp;&nbsp; 125 | 126104 |
| 5.95%, 06/15/41 | &nbsp;&nbsp; 45 | 47071 |
| ONE Gas, Inc. |  |  |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 15 | 13300 |
| 4.66%, 02/01/44 | &nbsp;&nbsp; 100 | 91391 |
| Piedmont Natural Gas Co., Inc. |  |  |
| 3.35%, 06/01/50 | &nbsp;&nbsp; 55 | 38248 |
| 3.64%, 11/01/46 | &nbsp;&nbsp; 50 | 38458 |
| 4.65%, 08/01/43 | &nbsp;&nbsp; 20 | 18042 |
| 5.05%, 05/15/52 | &nbsp;&nbsp; 50 | 45622 |
| Southern California Gas Co. |  |  |
| 3.75%, 09/15/42 | &nbsp;&nbsp; 50 | 40529 |
| 5.13%, 11/15/40 | &nbsp;&nbsp; 35 | 34668 |
| 5.60%, 04/01/54 | &nbsp;&nbsp; 50 | 49112 |
| 5.75%, 06/01/53 | &nbsp;&nbsp; 60 | 60295 |
| 6.00%, 06/15/55 | &nbsp;&nbsp; 50 | 51808 |
| 6.35%, 11/15/52 | &nbsp;&nbsp; 70 | 76258 |
| Series UU, 4.13%, 06/01/48 | &nbsp;&nbsp; 55 | 43883 |
| Series VV, 4.30%, 01/15/49 | &nbsp;&nbsp; 60 | 49418 |
| Series WW, 3.95%, 02/15/50 | &nbsp;&nbsp; 45 | 34378 |
| Southern Co. Gas Capital Corp. |  |  |
| 3.95%, 10/01/46 | &nbsp;&nbsp; 35 | 27967 |
| 4.40%, 06/01/43 | &nbsp;&nbsp; 44 | 38601 |
| 4.40%, 05/30/47 | &nbsp;&nbsp; 65 | 55389 |
| 5.88%, 03/15/41 | &nbsp;&nbsp; 51 | 53593 |
| Series 21A, 3.15%, 09/30/51 | &nbsp;&nbsp; 70 | 46388 |
| Southwest Gas Corp. |  |  |
| 3.18%, 08/15/51 | &nbsp;&nbsp; 30 | 20363 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| 3.80%, 09/29/46 | &nbsp;&nbsp; $20 | $15635 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 60 | 47912 |
| Spire Missouri, Inc., 3.30%, 06/01/51 | &nbsp;&nbsp; 10 | 6977 |
| Washington Gas Light Co. |  |  |
| 3.65%, 09/15/49 | &nbsp;&nbsp; 52 | 38741 |
| Series K, 3.80%, 09/15/46 | &nbsp;&nbsp; 45 | 35863 |
| WGL Holdings, Inc., 4.60%, 11/01/44 | &nbsp;&nbsp; 15 | 12642 |
|  |  | 2629973 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Snap-on, Inc. |  |  |
| 3.10%, 05/01/50 | &nbsp;&nbsp; 90 | 62089 |
| 4.10%, 03/01/48 | &nbsp;&nbsp; 30 | 24938 |
| Stanley Black & Decker, Inc. |  |  |
| 2.75%, 11/15/50 | &nbsp;&nbsp; 86 | 51993 |
| 4.85%, 11/15/48 | &nbsp;&nbsp; 40 | 35565 |
| 5.20%, 09/01/40 | &nbsp;&nbsp; 30 | 29392 |
|  |  | 203977 |
| **Health Care - Products — 0.6%** | **Health Care - Products — 0.6%** | **Health Care - Products — 0.6%** |
| Abbott Laboratories |  |  |
| 4.75%, 11/30/36 | &nbsp;&nbsp; 179 | 180482 |
| 4.75%, 03/15/38 | &nbsp;&nbsp; 275 | 274038 |
| 4.75%, 04/15/43 | &nbsp;&nbsp; 65 | 61821 |
| 4.90%, 11/30/46 | &nbsp;&nbsp; 305 | 289067 |
| 5.30%, 05/27/40 | &nbsp;&nbsp; 60 | 62409 |
| 5.50%, 03/15/56 | &nbsp;&nbsp; 275 | 276048 |
| 5.60%, 03/15/66 | &nbsp;&nbsp; 275 | 275265 |
| 6.00%, 04/01/39 | &nbsp;&nbsp; 75 | 83207 |
| 6.15%, 11/30/37 | &nbsp;&nbsp; 68 | 76559 |
| Alcon Finance Corp. |  |  |
| 3.80%, 09/23/49<sup>(b)</sup> | &nbsp;&nbsp; 50 | 38906 |
| 5.75%, 12/06/52<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20387 |
| Baxter International, Inc. |  |  |
| 3.13%, 12/01/51 | &nbsp;&nbsp; 80 | 49822 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 30 | 21207 |
| Boston Scientific Corp. |  |  |
| 4.55%, 03/01/39 | &nbsp;&nbsp; 50 | 48594 |
| 4.70%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 84 | 77188 |
| 7.38%, 01/15/40 | &nbsp;&nbsp; 35 | 42962 |
| Danaher Corp. |  |  |
| 2.60%, 10/01/50 | &nbsp;&nbsp; 80 | 49403 |
| 2.80%, 12/10/51 | &nbsp;&nbsp; 100 | 63883 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 50 | 44173 |
| DH Europe Finance II SARL |  |  |
| 3.25%, 11/15/39 | &nbsp;&nbsp; 100 | 82655 |
| 3.40%, 11/15/49 | &nbsp;&nbsp; 91 | 66139 |
| GE HealthCare Technologies, Inc., 6.38%, 11/22/52 | &nbsp;&nbsp; 105 | 115261 |
| Koninklijke Philips NV |  |  |
| 5.00%, 03/15/42 | &nbsp;&nbsp; 55 | 52197 |
| 6.88%, 03/11/38 | &nbsp;&nbsp; 55 | 62706 |
| Medtronic, Inc., 4.63%, 03/15/45 | &nbsp;&nbsp; 184 | 170550 |
| Revvity, Inc., 3.63%, 03/15/51 | &nbsp;&nbsp; 45 | 32973 |
| Solventum Corp., 5.90%, 04/30/54 | &nbsp;&nbsp; 150 | 149968 |
| STERIS Irish FinCo UnLtd Co., 3.75%, 03/15/51 | &nbsp;&nbsp; 65 | 49567 |
| Stryker Corp. |  |  |
| 2.90%, 06/15/50 | &nbsp;&nbsp; 65 | 43135 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 50 | 43152 |
| 4.38%, 05/15/44 | &nbsp;&nbsp; 45 | 39694 |
| 4.63%, 03/15/46 | &nbsp;&nbsp; 95 | 85796 |
| Thermo Fisher Scientific, Inc. |  |  |
| 2.80%, 10/15/41 | &nbsp;&nbsp; 120 | 90068 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| 4.10%, 08/15/47 | &nbsp;&nbsp; $86 | $72637 |
| 4.89%, 10/07/37 | &nbsp;&nbsp; 80 | 80645 |
| 5.30%, 02/01/44 | &nbsp;&nbsp; 40 | 39886 |
| 5.40%, 08/10/43 | &nbsp;&nbsp; 40 | 40831 |
| 5.55%, 02/12/46 | &nbsp;&nbsp; 35 | 35679 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 4.45%, 08/15/45 | &nbsp;&nbsp; 50 | 45023 |
| 5.75%, 11/30/39 | &nbsp;&nbsp; 45 | 47058 |
|  |  | 3481041 |
| **Health Care - Services — 2.2%** | **Health Care - Services — 2.2%** | **Health Care - Services — 2.2%** |
| AdventHealth Obligated Group, Series E, 2.80%, <br> 11/15/51<br>| &nbsp;&nbsp; 30 | 19242 |
| Adventist Health System/West, 3.63%, 03/01/49 | &nbsp;&nbsp; 45 | 31636 |
| Advocate Health & Hospitals Corp. |  |  |
| 3.39%, 10/15/49 | &nbsp;&nbsp; 47 | 34999 |
| 4.27%, 08/15/48 | &nbsp;&nbsp; 41 | 35387 |
| Series 2020, 3.01%, 06/15/50 | &nbsp;&nbsp; 45 | 30933 |
| Aetna, Inc. |  |  |
| 4.50%, 05/15/42 | &nbsp;&nbsp; 55 | 47989 |
| 4.75%, 03/15/44 | &nbsp;&nbsp; 50 | 44013 |
| 6.63%, 06/15/36 | &nbsp;&nbsp; 81 | 90200 |
| 6.75%, 12/15/37 | &nbsp;&nbsp; 50 | 55763 |
| AHS Hospital Corp. |  |  |
| 5.02%, 07/01/45 | &nbsp;&nbsp; 55 | 52702 |
| Series 2021, 2.78%, 07/01/51 | &nbsp;&nbsp; 65 | 41930 |
| Allina Health System |  |  |
| 2.90%, 11/15/51<sup>(a)</sup> | &nbsp;&nbsp; 10 | 6568 |
| Series 2019, 3.89%, 04/15/49 | &nbsp;&nbsp; 60 | 47118 |
| Ascension Health |  |  |
| 3.95%, 11/15/46 | &nbsp;&nbsp; 115 | 95871 |
| 4.85%, 11/15/53 | &nbsp;&nbsp; 45 | 41651 |
| Series B, 3.11%, 11/15/39 | &nbsp;&nbsp; 75 | 61246 |
| Banner Health |  |  |
| 2.91%, 01/01/42 | &nbsp;&nbsp; 35 | 26580 |
| 2.91%, 01/01/51 | &nbsp;&nbsp; 30 | 20151 |
| Series 2020, 3.18%, 01/01/50 | &nbsp;&nbsp; 35 | 24586 |
| Baptist Health South Florida Obligated Group, Series <br> 2021, 3.12%, 11/15/71<br>| &nbsp;&nbsp; 5 | 3001 |
| Baptist Healthcare System Obligated Group, Series <br> 20B, 3.54%, 08/15/50<br>| &nbsp;&nbsp; 60 | 44720 |
| BayCare Health System, Inc., Series 2020, 3.83%, <br> 11/15/50<br>| &nbsp;&nbsp; 60 | 47621 |
| Baylor Scott & White Holdings |  |  |
| 3.97%, 11/15/46 | &nbsp;&nbsp; 15 | 12578 |
| 4.19%, 11/15/45 | &nbsp;&nbsp; 55 | 47975 |
| Series 2021, 2.84%, 11/15/50 | &nbsp;&nbsp; 110 | 72354 |
| Beth Israel Lahey Health, Inc., Series L, 3.08%, <br> 07/01/51<sup>(a)</sup><br>| &nbsp;&nbsp; 10 | 6723 |
| Catholic Health Services of Long Island Obligated <br> Group, Series 2020, 3.37%, 07/01/50<br>| &nbsp;&nbsp; 20 | 14077 |
| Children's Health System of Texas, 2.51%, 08/15/50 | &nbsp;&nbsp; 30 | 18442 |
| Children's Hospital Corp.(The) |  |  |
| Series 2017, 4.12%, 01/01/47 | &nbsp;&nbsp; 35 | 30233 |
| Series 2020, 2.59%, 02/01/50 | &nbsp;&nbsp; 55 | 34785 |
| Children's Hospital Medical Center/Cincinnati OH, <br> 4.27%, 05/15/44<br>| &nbsp;&nbsp; 40 | 35772 |
| Children's Hospital of Philadelphia (The), Series 2020, <br> 2.70%, 07/01/50<br>| &nbsp;&nbsp; 5 | 3231 |
| Children's Hospital/DC, Series 2020, 2.93%, <br> 07/15/50<sup>(a)</sup><br>| &nbsp;&nbsp; 30 | 20074 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Cigna Group(The) |  |  |
| 3.20%, 03/15/40 | &nbsp;&nbsp; $50 | $39878 |
| 3.40%, 03/15/50 | &nbsp;&nbsp; 145 | 102749 |
| 3.40%, 03/15/51 | &nbsp;&nbsp; 165 | 116069 |
| 3.88%, 10/15/47 | &nbsp;&nbsp; 110 | 85389 |
| 4.80%, 08/15/38 | &nbsp;&nbsp; 204 | 197533 |
| 4.80%, 07/15/46 | &nbsp;&nbsp; 100 | 89711 |
| 4.90%, 12/15/48 | &nbsp;&nbsp; 300 | 269533 |
| 5.60%, 02/15/54 | &nbsp;&nbsp; 130 | 127220 |
| 6.00%, 01/15/56 | &nbsp;&nbsp; 90 | 93399 |
| 6.13%, 11/15/41 | &nbsp;&nbsp; 61 | 65248 |
| City of Hope |  |  |
| Series 2013, 5.62%, 11/15/43 | &nbsp;&nbsp; 25 | 25368 |
| Series 2018, 4.38%, 08/15/48 | &nbsp;&nbsp; 50 | 42480 |
| Cleveland Clinic Foundation (The), 4.86%, <br> 01/01/2114<br>| &nbsp;&nbsp; 57 | 49955 |
| CommonSpirit Health |  |  |
| 3.82%, 10/01/49 | &nbsp;&nbsp; 72 | 55699 |
| 3.91%, 10/01/50 | &nbsp;&nbsp; 75 | 57807 |
| 4.19%, 10/01/49 | &nbsp;&nbsp; 101 | 82270 |
| 4.35%, 11/01/42 | &nbsp;&nbsp; 90 | 80335 |
| 5.55%, 12/01/54 | &nbsp;&nbsp; 20 | 19675 |
| 5.66%, 09/01/55 | &nbsp;&nbsp; 30 | 29974 |
| 6.46%, 11/01/52 | &nbsp;&nbsp; 40 | 44032 |
| Community Health Network, Inc., Series 20-A, 3.10%, <br> 05/01/50<br>| &nbsp;&nbsp; 15 | 9928 |
| Corewell Health Obligated Group, Series 19A, 3.49%, <br> 07/15/49<br>| &nbsp;&nbsp; 45 | 33683 |
| Cottage Health Obligated Group, Series 2020, 3.30%, <br> 11/01/49<br>| &nbsp;&nbsp; 65 | 46854 |
| Dartmouth-Hitchcock Health, Series B, 4.18%, <br> 08/01/48<br>| &nbsp;&nbsp; 40 | 32173 |
| Dignity Health, 4.50%, 11/01/42<sup>(a)</sup> | &nbsp;&nbsp; 40 | 35906 |
| Duke University Health System, Inc., Series 2017, <br> 3.92%, 06/01/47<br>| &nbsp;&nbsp; 65 | 53793 |
| Elevance Health, Inc. |  |  |
| 3.13%, 05/15/50 | &nbsp;&nbsp; 105 | 69819 |
| 3.60%, 03/15/51 | &nbsp;&nbsp; 120 | 86408 |
| 3.70%, 09/15/49 | &nbsp;&nbsp; 95 | 70549 |
| 4.38%, 12/01/47 | &nbsp;&nbsp; 83 | 69311 |
| 4.55%, 03/01/48 | &nbsp;&nbsp; 95 | 81830 |
| 4.55%, 05/15/52 | &nbsp;&nbsp; 50 | 41800 |
| 4.63%, 05/15/42 | &nbsp;&nbsp; 105 | 95695 |
| 4.65%, 01/15/43 | &nbsp;&nbsp; 45 | 40646 |
| 4.65%, 08/15/44 | &nbsp;&nbsp; 95 | 84627 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 56 | 53155 |
| 5.13%, 02/15/53 | &nbsp;&nbsp; 120 | 109091 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 100 | 97601 |
| 5.70%, 02/15/55 | &nbsp;&nbsp; 150 | 147282 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 70 | 68918 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 70 | 68979 |
| 6.10%, 10/15/52 | &nbsp;&nbsp; 85 | 88223 |
| 6.38%, 06/15/37 | &nbsp;&nbsp; 40 | 44356 |
| Franciscan Missionaries of Our Lady Health System, <br> Inc., Series B, 3.91%, 07/01/49<br>| &nbsp;&nbsp; 5 | 3921 |
| Fred Hutchinson Cancer Center, 4.97%, 01/01/52 | &nbsp;&nbsp; 10 | 9369 |
| Hackensack Meridian Health, Inc. |  |  |
| 4.21%, 07/01/48 | &nbsp;&nbsp; 50 | 42339 |
| 4.50%, 07/01/57 | &nbsp;&nbsp; 45 | 39567 |
| Series 2020, 2.68%, 09/01/41 | &nbsp;&nbsp; 10 | 7453 |
| Series 2020, 2.88%, 09/01/50 | &nbsp;&nbsp; 68 | 44568 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Hartford HealthCare Corp., 3.45%, 07/01/54 | &nbsp;&nbsp; $35 | $25729 |
| HCA, Inc. |  |  |
| 3.50%, 07/15/51 | &nbsp;&nbsp; 150 | 103518 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 65 | 56364 |
| 4.63%, 03/15/52 | &nbsp;&nbsp; 220 | 182466 |
| 5.13%, 06/15/39 | &nbsp;&nbsp; 35 | 34088 |
| 5.25%, 06/15/49 | &nbsp;&nbsp; 180 | 164394 |
| 5.50%, 06/15/47 | &nbsp;&nbsp; 155 | 147681 |
| 5.70%, 11/15/55 | &nbsp;&nbsp; 80 | 77049 |
| 5.90%, 06/01/53 | &nbsp;&nbsp; 105 | 103228 |
| 5.95%, 09/15/54 | &nbsp;&nbsp; 110 | 109315 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 155 | 155160 |
| 6.10%, 04/01/64 | &nbsp;&nbsp; 55 | 54937 |
| 6.20%, 03/01/55 | &nbsp;&nbsp; 130 | 133381 |
| Health Care Service Corp. A Mutual Legal <br> Reserve Co.<br>|  |  |
| 3.20%, 06/01/50<sup>(b)</sup> | &nbsp;&nbsp; 130 | 83962 |
| 5.88%, 06/15/54<sup>(b)</sup> | &nbsp;&nbsp; 70 | 67949 |
| Hoag Memorial Hospital Presbyterian, 3.80%, <br> 07/15/52<br>| &nbsp;&nbsp; 25 | 19766 |
| Humana, Inc. |  |  |
| 3.95%, 08/15/49 | &nbsp;&nbsp; 65 | 47449 |
| 4.63%, 12/01/42 | &nbsp;&nbsp; 46 | 39527 |
| 4.80%, 03/15/47 | &nbsp;&nbsp; 60 | 50091 |
| 4.95%, 10/01/44 | &nbsp;&nbsp; 90 | 78401 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 75 | 67428 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 75 | 69847 |
| 6.00%, 05/01/55<sup>(a)</sup> | &nbsp;&nbsp; 25 | 24093 |
| Indiana University Health, Inc. Obligated Group |  |  |
| 3.97%, 11/01/48 | &nbsp;&nbsp; 50 | 41398 |
| Series 2021, 2.85%, 11/01/51 | &nbsp;&nbsp; 30 | 19536 |
| Inova Health System Foundation, 4.07%, 05/15/52 | &nbsp;&nbsp; 25 | 20362 |
| Integris Baptist Medical Center, Inc., Series A, 3.88%, <br> 08/15/50<br>| &nbsp;&nbsp; 55 | 41824 |
| Iowa Health System, Series 2020, 3.67%, 02/15/50 | &nbsp;&nbsp; 40 | 30788 |
| Johns Hopkins Health System Corp. (The), 3.84%, <br> 05/15/46<br>| &nbsp;&nbsp; 40 | 32920 |
| Kaiser Foundation Hospitals |  |  |
| 4.15%, 05/01/47 | &nbsp;&nbsp; 124 | 106109 |
| 4.88%, 04/01/42 | &nbsp;&nbsp; 75 | 73119 |
| Series 2019, 3.27%, 11/01/49 | &nbsp;&nbsp; 130 | 94292 |
| Series 2021, 2.81%, 06/01/41 | &nbsp;&nbsp; 150 | 114443 |
| Series 2021, 3.00%, 06/01/51 | &nbsp;&nbsp; 120 | 81160 |
| Laboratory Corp. of America Holdings, 4.70%, <br> 02/01/45<br>| &nbsp;&nbsp; 93 | 84554 |
| Mass General Brigham, Inc. |  |  |
| Series 2015, 4.12%, 07/01/55 | &nbsp;&nbsp; 30 | 25225 |
| Series 2017, 3.77%, 07/01/48 | &nbsp;&nbsp; 35 | 27911 |
| Series 2020, 3.19%, 07/01/49 | &nbsp;&nbsp; 45 | 32214 |
| Series 2020, 3.34%, 07/01/60 | &nbsp;&nbsp; 55 | 37386 |
| Mayo Clinic |  |  |
| 3.77%, 11/15/43 | &nbsp;&nbsp; 35 | 29036 |
| Series 2013, 4.00%, 11/15/47<sup>(a)</sup> | &nbsp;&nbsp; 35 | 29054 |
| Series 2016, 4.13%, 11/15/52 | &nbsp;&nbsp; 30 | 25110 |
| Series 2021, 3.20%, 11/15/61 | &nbsp;&nbsp; 70 | 46455 |
| McLaren Health Care Corp., Series A, 4.39%, <br> 05/15/48<br>| &nbsp;&nbsp; 50 | 43357 |
| MedStar Health, Inc., Series 20A, 3.63%, 08/15/49 | &nbsp;&nbsp; 40 | 29944 |
| Memorial Health Services, 3.45%, 11/01/49 | &nbsp;&nbsp; 45 | 33238 |
| Memorial Sloan-Kettering Cancer Center |  |  |
| 4.13%, 07/01/52 | &nbsp;&nbsp; 45 | 37387 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 5.00%, 07/01/42 | &nbsp;&nbsp; $40 | $39518 |
| Series 2015, 4.20%, 07/01/55 | &nbsp;&nbsp; 10 | 8426 |
| Series 2020, 2.96%, 01/01/50 | &nbsp;&nbsp; 50 | 34132 |
| Methodist Hospital (The), Series 20A, 2.71%, <br> 12/01/50<br>| &nbsp;&nbsp; 15 | 9544 |
| Montefiore Obligated Group |  |  |
| 4.29%, 09/01/50 | &nbsp;&nbsp; 40 | 29337 |
| Series 18-C, 5.25%, 11/01/48<sup>(a)</sup> | &nbsp;&nbsp; 50 | 42680 |
| Mount Nittany Medical Center Obligated Group, <br> 3.80%, 11/15/52<br>| &nbsp;&nbsp; 35 | 26792 |
| Mount Sinai Hospital(The) |  |  |
| Series 2019, 3.74%, 07/01/49 | &nbsp;&nbsp; 5 | 3477 |
| Series 2020, 3.39%, 07/01/50 | &nbsp;&nbsp; 10 | 6400 |
| MyMichigan Health, Series 2020, 3.41%, 06/01/50 | &nbsp;&nbsp; 40 | 28977 |
| Nationwide Children's Hospital, Inc., 4.56%, 11/01/52 | &nbsp;&nbsp; 20 | 17924 |
| New York and Presbyterian Hospital(The) |  |  |
| 2.26%, 08/01/40 | &nbsp;&nbsp; 35 | 25256 |
| 2.61%, 08/01/60<sup>(a)</sup> | &nbsp;&nbsp; 40 | 23222 |
| 4.02%, 08/01/45 | &nbsp;&nbsp; 80 | 68227 |
| 4.06%, 08/01/56 | &nbsp;&nbsp; 15 | 12223 |
| Series 2019, 3.95%, 08/01/2119 | &nbsp;&nbsp; 70 | 50020 |
| Northwell Healthcare, Inc. |  |  |
| 3.81%, 11/01/49 | &nbsp;&nbsp; 45 | 34682 |
| 3.98%, 11/01/46 | &nbsp;&nbsp; 55 | 44821 |
| 4.26%, 11/01/47 | &nbsp;&nbsp; 85 | 71908 |
| Northwestern Memorial Healthcare Obligated Group, <br> Series 2021, 2.63%, 07/15/51<br>| &nbsp;&nbsp; 5 | 3174 |
| Novant Health, Inc. |  |  |
| 2.64%, 11/01/36 | &nbsp;&nbsp; 85 | 69869 |
| 3.17%, 11/01/51 | &nbsp;&nbsp; 85 | 58224 |
| 3.32%, 11/01/61 | &nbsp;&nbsp; 25 | 16575 |
| NY Society for Relief of Ruptured & Crippled <br> Maintaining Hosp Special Surgery, Series 2020, <br> 2.67%, 10/01/50<br>| &nbsp;&nbsp; 5 | 3170 |
| NYU Langone Hospitals |  |  |
| 4.37%, 07/01/47 | &nbsp;&nbsp; 70 | 62067 |
| 4.78%, 07/01/44 | &nbsp;&nbsp; 25 | 23551 |
| 5.75%, 07/01/43 | &nbsp;&nbsp; 15 | 15801 |
| Series 2020, 3.38%, 07/01/55<sup>(a)</sup> | &nbsp;&nbsp; 40 | 28438 |
| OhioHealth Corp. |  |  |
| 2.83%, 11/15/41 | &nbsp;&nbsp; 5 | 3819 |
| Series 2020, 3.04%, 11/15/50 | &nbsp;&nbsp; 50 | 35218 |
| Orlando Health Obligated Group |  |  |
| 3.33%, 10/01/50 | &nbsp;&nbsp; 35 | 25912 |
| 4.09%, 10/01/48 | &nbsp;&nbsp; 45 | 37855 |
| PeaceHealth Obligated Group |  |  |
| Series 2018, 4.79%, 11/15/48 | &nbsp;&nbsp; 45 | 40476 |
| Series 2020, 3.22%, 11/15/50 | &nbsp;&nbsp; 30 | 20437 |
| Piedmont Healthcare, Inc. |  |  |
| 2.86%, 01/01/52 | &nbsp;&nbsp; 55 | 36052 |
| Series 2042, 2.72%, 01/01/42 | &nbsp;&nbsp; 10 | 7336 |
| Providence St. Joseph Health Obligated Group |  |  |
| Series 21A, 2.70%, 10/01/51 | &nbsp;&nbsp; 80 | 49015 |
| Series A, 3.93%, 10/01/48 | &nbsp;&nbsp; 40 | 31898 |
| Series I, 3.74%, 10/01/47 | &nbsp;&nbsp; 40 | 31170 |
| Quest Diagnostics, Inc., 4.70%, 03/30/45 | &nbsp;&nbsp; 40 | 37033 |
| Rady Children's Hospital-San Diego, Series 21A, <br> 3.15%, 08/15/51<br>| &nbsp;&nbsp; 40 | 27909 |
| Roche Holdings, Inc. |  |  |
| 2.61%, 12/13/51<sup>(b)</sup> | &nbsp;&nbsp; 215 | 134581 |
| 4.00%, 11/28/44<sup>(b)</sup> | &nbsp;&nbsp; 105 | 91031 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 7.00%, 03/01/39<sup>(b)</sup> | &nbsp;&nbsp; $125 | $151214 |
| Seattle Children's Hospital, Series 2021, 2.72%, <br> 10/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 45 | 28644 |
| Sentara Health, 2.93%, 11/01/51 | &nbsp;&nbsp; 20 | 13279 |
| Sharp HealthCare, Series 20B, 2.68%, 08/01/50 | &nbsp;&nbsp; 30 | 19044 |
| Stanford Health Care |  |  |
| 3.03%, 08/15/51 | &nbsp;&nbsp; 10 | 6818 |
| Series 2018, 3.80%, 11/15/48 | &nbsp;&nbsp; 93 | 74480 |
| Sutter Health |  |  |
| 5.55%, 08/15/53 | &nbsp;&nbsp; 45 | 46210 |
| Series 2018, 4.09%, 08/15/48 | &nbsp;&nbsp; 41 | 34349 |
| Series 20A, 3.16%, 08/15/40 | &nbsp;&nbsp; 25 | 20221 |
| Series 20A, 3.36%, 08/15/50 | &nbsp;&nbsp; 60 | 43762 |
| Texas Health Resources |  |  |
| 2.33%, 11/15/50 | &nbsp;&nbsp; 20 | 11760 |
| 4.33%, 11/15/55 | &nbsp;&nbsp; 45 | 37680 |
| Toledo Hospital(The) |  |  |
| 5.75%, 11/15/38 | &nbsp;&nbsp; 50 | 50563 |
| 6.02%, 11/15/48 | &nbsp;&nbsp; 45 | 44718 |
| Trinity Health Corp. |  |  |
| 4.13%, 12/01/45 | &nbsp;&nbsp; 60 | 51642 |
| Series 2019, 3.43%, 12/01/48 | &nbsp;&nbsp; 25 | 19297 |
| Series 2021, 2.63%, 12/01/40 | &nbsp;&nbsp; 35 | 26341 |
| UMass Memorial Health Care Obligated Group, <br> 5.36%, 07/01/52<br>| &nbsp;&nbsp; 20 | 19195 |
| UnitedHealth Group, Inc. |  |  |
| 2.75%, 05/15/40 | &nbsp;&nbsp; 70 | 52648 |
| 2.90%, 05/15/50 | &nbsp;&nbsp; 125 | 80976 |
| 3.05%, 05/15/41 | &nbsp;&nbsp; 170 | 130584 |
| 3.13%, 05/15/60 | &nbsp;&nbsp; 90 | 55379 |
| 3.25%, 05/15/51 | &nbsp;&nbsp; 145 | 98842 |
| 3.50%, 08/15/39 | &nbsp;&nbsp; 130 | 109168 |
| 3.70%, 08/15/49 | &nbsp;&nbsp; 140 | 104916 |
| 3.75%, 10/15/47 | &nbsp;&nbsp; 130 | 100023 |
| 3.88%, 08/15/59 | &nbsp;&nbsp; 130 | 94155 |
| 3.95%, 10/15/42 | &nbsp;&nbsp; 55 | 46044 |
| 4.20%, 01/15/47 | &nbsp;&nbsp; 105 | 87019 |
| 4.25%, 03/15/43 | &nbsp;&nbsp; 103 | 88973 |
| 4.25%, 04/15/47 | &nbsp;&nbsp; 85 | 70670 |
| 4.25%, 06/15/48 | &nbsp;&nbsp; 150 | 123789 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 50 | 44647 |
| 4.45%, 12/15/48 | &nbsp;&nbsp; 140 | 118523 |
| 4.63%, 11/15/41 | &nbsp;&nbsp; 85 | 78228 |
| 4.75%, 07/15/45 | &nbsp;&nbsp; 147 | 132929 |
| 4.75%, 05/15/52 | &nbsp;&nbsp; 205 | 178280 |
| 4.95%, 05/15/62 | &nbsp;&nbsp; 95 | 82979 |
| 5.05%, 04/15/53 | &nbsp;&nbsp; 205 | 186609 |
| 5.20%, 04/15/63 | &nbsp;&nbsp; 155 | 139916 |
| 5.38%, 04/15/54 | &nbsp;&nbsp; 165 | 156460 |
| 5.50%, 07/15/44 | &nbsp;&nbsp; 110 | 109516 |
| 5.50%, 04/15/64 | &nbsp;&nbsp; 120 | 113763 |
| 5.63%, 07/15/54 | &nbsp;&nbsp; 255 | 251133 |
| 5.70%, 10/15/40 | &nbsp;&nbsp; 15 | 15693 |
| 5.75%, 07/15/64 | &nbsp;&nbsp; 175 | 172013 |
| 5.80%, 03/15/36 | &nbsp;&nbsp; 90 | 96572 |
| 5.88%, 02/15/53 | &nbsp;&nbsp; 170 | 172964 |
| 5.95%, 02/15/41 | &nbsp;&nbsp; 50 | 53090 |
| 5.95%, 06/15/55 | &nbsp;&nbsp; 65 | 67306 |
| 6.05%, 02/15/63 | &nbsp;&nbsp; 155 | 159334 |
| 6.50%, 06/15/37 | &nbsp;&nbsp; 50 | 56217 |
| 6.63%, 11/15/37 | &nbsp;&nbsp; 90 | 102352 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 6.88%, 02/15/38 | &nbsp;&nbsp; $80 | $92902 |
| UPMC, 5.38%, 05/15/43 | &nbsp;&nbsp; 35 | 35091 |
| West Virginia United Health System Obligated Group, <br> Series 2020, 3.13%, 06/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 40 | 26603 |
| Willis-Knighton Medical Center |  |  |
| Series 2018, 4.81%, 09/01/48 | &nbsp;&nbsp; 39 | 34986 |
| Series 2021, 3.07%, 03/01/51 | &nbsp;&nbsp; 50 | 32569 |
| Yale-New Haven Health Services Corp., Series 2020, <br> 2.50%, 07/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 55 | 33577 |
|  |  | 13739796 |
| **Holding Companies - Diversified — 0.2%** | **Holding Companies - Diversified — 0.2%** | **Holding Companies - Diversified — 0.2%** |
| Abu Dhabi Developmental Holding Co. PJSC, 5.25%, <br> 10/02/54<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 193659 |
| Gaci First Investment Co. |  |  |
| 5.13%, 02/14/53<sup>(f)</sup> | &nbsp;&nbsp; 200 | 179583 |
| 5.38%, 01/29/54<sup>(f)</sup> | &nbsp;&nbsp; 200 | 185825 |
| JAB Holdings BV |  |  |
| 3.75%, 05/28/51<sup>(b)</sup> | &nbsp;&nbsp; 35 | 24584 |
| 4.50%, 04/08/52<sup>(b)</sup> | &nbsp;&nbsp; 5 | 3954 |
| MDGH GMTN RSC Ltd. |  |  |
| 3.40%, 06/07/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 143718 |
| 3.70%, 11/07/49<sup>(f)</sup> | &nbsp;&nbsp; 200 | 153908 |
| 3.95%, 05/21/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 160033 |
| Temasek Financial I Ltd. |  |  |
| 2.50%, 10/06/70<sup>(b)</sup> | &nbsp;&nbsp; 250 | 145400 |
| 2.75%, 08/02/61<sup>(b)</sup> | &nbsp;&nbsp; 250 | 162624 |
|  |  | 1353288 |
| **Home Builders — 0.0%** | **Home Builders — 0.0%** | **Home Builders — 0.0%** |
| Sekisui House U.S., Inc. |  |  |
| 3.97%, 08/06/61 | &nbsp;&nbsp; 20 | 13651 |
| 6.00%, 01/15/43 | &nbsp;&nbsp; 70 | 66748 |
|  |  | 80399 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Leggett & Platt, Inc., 3.50%, 11/15/51 | &nbsp;&nbsp; 55 | 36148 |
| Whirlpool Corp. |  |  |
| 4.50%, 06/01/46 | &nbsp;&nbsp; 56 | 41316 |
| 4.60%, 05/15/50 | &nbsp;&nbsp; 60 | 43830 |
|  |  | 121294 |
| **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** |
| Church & Dwight Co., Inc. |  |  |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 60 | 49113 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 50 | 46723 |
| Kimberly-Clark Corp. |  |  |
| 2.88%, 02/07/50 | &nbsp;&nbsp; 30 | 20562 |
| 3.20%, 07/30/46 | &nbsp;&nbsp; 80 | 58669 |
| 3.90%, 05/04/47 | &nbsp;&nbsp; 25 | 20317 |
| 5.30%, 03/01/41 | &nbsp;&nbsp; 30 | 31233 |
| 6.63%, 08/01/37 | &nbsp;&nbsp; 55 | 64006 |
| SC Johnson & Son, Inc. |  |  |
| 4.75%, 10/15/46<sup>(b)</sup> | &nbsp;&nbsp; 40 | 36260 |
| 4.80%, 09/01/40<sup>(b)</sup> | &nbsp;&nbsp; 50 | 48220 |
|  |  | 375103 |
| **Housewares — 0.0%** | **Housewares — 0.0%** | **Housewares — 0.0%** |
| Newell Brands, Inc. |  |  |
| 7.38%, 04/01/36 | &nbsp;&nbsp; 48 | 48315 |
| 7.50%, 04/01/46 | &nbsp;&nbsp; 72 | 63899 |
|  |  | 112214 |
| **Insurance — 2.1%** | **Insurance — 2.1%** | **Insurance — 2.1%** |
| 200 Park Funding Trust, 5.74%, 02/15/55<sup>(b)</sup> | &nbsp;&nbsp; 130 | 128635 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Aflac, Inc. |  |  |
| 4.00%, 10/15/46 | &nbsp;&nbsp; $60 | $48691 |
| 4.75%, 01/15/49 | &nbsp;&nbsp; 80 | 70915 |
| AIA Group Ltd. |  |  |
| 3.20%, 09/16/40<sup>(b)</sup> | &nbsp;&nbsp; 225 | 181905 |
| 4.50%, 03/16/46<sup>(b)</sup> | &nbsp;&nbsp; 55 | 50753 |
| 5.40%, 09/30/54<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34526 |
| Alleghany Corp. |  |  |
| 3.25%, 08/15/51 | &nbsp;&nbsp; 65 | 45068 |
| 4.90%, 09/15/44 | &nbsp;&nbsp; 70 | 65456 |
| Allstate Corp.(The) |  |  |
| 3.85%, 08/10/49 | &nbsp;&nbsp; 30 | 23083 |
| 4.20%, 12/15/46 | &nbsp;&nbsp; 75 | 62095 |
| 4.50%, 06/15/43 | &nbsp;&nbsp; 70 | 61812 |
| 5.95%, 04/01/36 | &nbsp;&nbsp; 50 | 54204 |
| 6.50%, 05/15/67, (3-mo. SOFR US + 2.38%)<sup>(c)</sup> | &nbsp;&nbsp; 35 | 36776 |
| American Financial Group, Inc./OH, 4.50%, 06/15/47 | &nbsp;&nbsp; 70 | 59842 |
| American International Group, Inc. |  |  |
| 4.38%, 06/30/50 | &nbsp;&nbsp; 110 | 91774 |
| 4.50%, 07/16/44 | &nbsp;&nbsp; 85 | 75237 |
| 4.75%, 04/01/48 | &nbsp;&nbsp; 100 | 89669 |
| AmFam Holdings, Inc., 3.83%, 03/11/51<sup>(b)</sup> | &nbsp;&nbsp; 37 | 26244 |
| Aon Corp., 6.25%, 09/30/40 | &nbsp;&nbsp; 50 | 55062 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 2.90%, 08/23/51 | &nbsp;&nbsp; 60 | 37333 |
| 3.90%, 02/28/52 | &nbsp;&nbsp; 85 | 63200 |
| Aon Global Ltd. |  |  |
| 4.60%, 06/14/44 | &nbsp;&nbsp; 45 | 39526 |
| 4.75%, 05/15/45 | &nbsp;&nbsp; 54 | 47920 |
| Aon North America, Inc., 5.75%, 03/01/54 | &nbsp;&nbsp; 210 | 207865 |
| Arch Capital Finance LLC, 5.03%, 12/15/46 | &nbsp;&nbsp; 90 | 85095 |
| Arch Capital Group Ltd., 3.64%, 06/30/50 | &nbsp;&nbsp; 90 | 66687 |
| Arch Capital Group U.S., Inc., 5.14%, 11/01/43 | &nbsp;&nbsp; 55 | 52923 |
| Arthur J Gallagher & Co. |  |  |
| 3.05%, 03/09/52 | &nbsp;&nbsp; 45 | 28516 |
| 3.50%, 05/20/51 | &nbsp;&nbsp; 100 | 69449 |
| 5.55%, 02/15/55 | &nbsp;&nbsp; 155 | 148010 |
| 5.75%, 03/02/53 | &nbsp;&nbsp; 67 | 65038 |
| 5.75%, 07/15/54 | &nbsp;&nbsp; 60 | 58393 |
| 6.75%, 02/15/54 | &nbsp;&nbsp; 40 | 43749 |
| Assured Guaranty Municipal Holdings, Inc., 6.40%, <br> 12/15/66, (3-mo. CME Term SOFR US + <br> 2.48%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 30 | 28481 |
| Assured Guaranty U.S. Holdings, Inc., 3.60%, <br> 09/15/51<br>| &nbsp;&nbsp; 50 | 35537 |
| Athene Holding Ltd. |  |  |
| 3.45%, 05/15/52 | &nbsp;&nbsp; 50 | 30582 |
| 3.95%, 05/25/51 | &nbsp;&nbsp; 70 | 48056 |
| 6.25%, 04/01/54 | &nbsp;&nbsp; 85 | 79317 |
| 6.63%, 05/19/55 | &nbsp;&nbsp; 55 | 53811 |
| Beacon Funding Trust, 6.27%, 08/15/54<sup>(b)</sup> | &nbsp;&nbsp; 100 | 101756 |
| Belrose Funding Trust II, 6.79%, 05/15/55<sup>(b)</sup> | &nbsp;&nbsp; 100 | 102199 |
| Berkshire Hathaway Finance Corp. |  |  |
| 2.50%, 01/15/51 | &nbsp;&nbsp; 60 | 36201 |
| 2.85%, 10/15/50 | &nbsp;&nbsp; 170 | 109876 |
| 3.85%, 03/15/52 | &nbsp;&nbsp; 265 | 205686 |
| 4.20%, 08/15/48 | &nbsp;&nbsp; 233 | 196147 |
| 4.25%, 01/15/49 | &nbsp;&nbsp; 196 | 165439 |
| 4.30%, 05/15/43 | &nbsp;&nbsp; 50 | 45234 |
| 4.40%, 05/15/42 | &nbsp;&nbsp; 90 | 83360 |
| 5.75%, 01/15/40 | &nbsp;&nbsp; 63 | 69310 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Berkshire Hathaway, Inc., 4.50%, 02/11/43<sup>(a)</sup> | &nbsp;&nbsp; $105 | $98646 |
| Brighthouse Financial, Inc. |  |  |
| 3.85%, 12/22/51 | &nbsp;&nbsp; 40 | 23307 |
| 4.70%, 06/22/47 | &nbsp;&nbsp; 99 | 68920 |
| Brown & Brown, Inc. |  |  |
| 4.95%, 03/17/52 | &nbsp;&nbsp; 65 | 55493 |
| 6.25%, 06/23/55 | &nbsp;&nbsp; 55 | 55895 |
| Chubb INA Holdings LLC |  |  |
| 2.85%, 12/15/51 | &nbsp;&nbsp; 65 | 42140 |
| 3.05%, 12/15/61 | &nbsp;&nbsp; 105 | 65896 |
| 4.15%, 03/13/43 | &nbsp;&nbsp; 55 | 48245 |
| 4.35%, 11/03/45 | &nbsp;&nbsp; 150 | 131761 |
| 6.00%, 05/11/37 | &nbsp;&nbsp; 61 | 66745 |
| 6.70%, 05/15/36 | &nbsp;&nbsp; 30 | 34570 |
| Series 1, 6.50%, 05/15/38 | &nbsp;&nbsp; 70 | 80342 |
| Corebridge Financial, Inc. |  |  |
| 4.35%, 04/05/42 | &nbsp;&nbsp; 55 | 47210 |
| 4.40%, 04/05/52 | &nbsp;&nbsp; 125 | 99354 |
| Empower Finance 2020 LP, 3.08%, 09/17/51<sup>(b)</sup> | &nbsp;&nbsp; 65 | 43421 |
| Equitable Holdings, Inc., 5.00%, 04/20/48 | &nbsp;&nbsp; 73 | 64949 |
| Everest Reinsurance Holdings, Inc. |  |  |
| 3.13%, 10/15/52 | &nbsp;&nbsp; 100 | 63385 |
| 3.50%, 10/15/50 | &nbsp;&nbsp; 95 | 66146 |
| 4.87%, 06/01/44 | &nbsp;&nbsp; 40 | 35602 |
| Fairfax Financial Holdings Ltd. |  |  |
| 6.10%, 03/15/55 | &nbsp;&nbsp; 50 | 50021 |
| 6.35%, 03/22/54 | &nbsp;&nbsp; 50 | 51928 |
| 6.50%, 05/20/55 | &nbsp;&nbsp; 10 | 10698 |
| Farmers Insurance Exchange |  |  |
| 4.75%, 11/01/57<sup>(b)(c)</sup> | &nbsp;&nbsp; 50 | 42577 |
| 7.00%, 10/15/64, (10-year CMT + 3.86%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | 10289 |
| Fidelity National Financial, Inc., 3.20%, 09/17/51 | &nbsp;&nbsp; 60 | 37911 |
| Five Corners Funding Trust IV, 6.00%, 02/15/53<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30847 |
| Global Atlantic Fin Co., 6.75%, 03/15/54<sup>(b)</sup> | &nbsp;&nbsp; 15 | 14101 |
| Great-West Lifeco Finance 2018 LP, 4.58%, <br> 05/17/48<sup>(b)</sup><br>| &nbsp;&nbsp; 55 | 48400 |
| Great-West Lifeco Finance Delaware LP, 4.15%, <br> 06/03/47<sup>(b)</sup><br>| &nbsp;&nbsp; 65 | 54240 |
| Guardian Life Insurance Co. of America(The) |  |  |
| 3.70%, 01/22/70<sup>(b)</sup> | &nbsp;&nbsp; 35 | 23943 |
| 4.85%, 01/24/77<sup>(b)</sup> | &nbsp;&nbsp; 70 | 58896 |
| 4.88%, 06/19/64<sup>(b)</sup> | &nbsp;&nbsp; 50 | 43873 |
| Hanover Insurance Group, Inc.(The) |  |  |
| 2.90%, 09/15/51 | &nbsp;&nbsp; 15 | 9759 |
| 3.60%, 08/19/49 | &nbsp;&nbsp; 85 | 63151 |
| 4.30%, 04/15/43 | &nbsp;&nbsp; 50 | 44156 |
| 4.40%, 03/15/48 | &nbsp;&nbsp; 70 | 59857 |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 30 | 32500 |
| 6.10%, 10/01/41 | &nbsp;&nbsp; 45 | 49060 |
| Jackson Financial, Inc., 4.00%, 11/23/51 | &nbsp;&nbsp; 65 | 44171 |
| Liberty Mutual Group, Inc. |  |  |
| 3.95%, 10/15/50<sup>(b)</sup> | &nbsp;&nbsp; 195 | 146698 |
| 3.95%, 05/15/60<sup>(b)</sup> | &nbsp;&nbsp; 80 | 57291 |
| 4.30%, 02/01/61<sup>(b)</sup> | &nbsp;&nbsp; 85 | 57143 |
| 5.50%, 06/15/52<sup>(b)</sup> | &nbsp;&nbsp; 90 | 85249 |
| 7.80%, 03/07/87<sup>(b)</sup> | &nbsp;&nbsp; 50 | 58024 |
| Lincoln National Corp. |  |  |
| 4.35%, 03/01/48 | &nbsp;&nbsp; 27 | 21066 |
| 7.00%, 06/15/40 | &nbsp;&nbsp; 55 | 58540 |
| Loews Corp., 4.13%, 05/15/43 | &nbsp;&nbsp; 65 | 56045 |
| Manulife Financial Corp., 5.38%, 03/04/46 | &nbsp;&nbsp; 80 | 79737 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Markel Group, Inc. |  |  |
| 3.45%, 05/07/52 | &nbsp;&nbsp; $65 | $44907 |
| 4.15%, 09/17/50 | &nbsp;&nbsp; 51 | 40114 |
| 4.30%, 11/01/47 | &nbsp;&nbsp; 20 | 16464 |
| 5.00%, 04/05/46 | &nbsp;&nbsp; 40 | 36670 |
| 5.00%, 05/20/49 | &nbsp;&nbsp; 70 | 63021 |
| 6.00%, 05/16/54 | &nbsp;&nbsp; 65 | 66199 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.90%, 12/15/51 | &nbsp;&nbsp; 40 | 25436 |
| 4.20%, 03/01/48 | &nbsp;&nbsp; 80 | 65786 |
| 4.35%, 01/30/47 | &nbsp;&nbsp; 55 | 46542 |
| 4.75%, 03/15/39 | &nbsp;&nbsp; 45 | 43499 |
| 4.90%, 03/15/49 | &nbsp;&nbsp; 100 | 90485 |
| 5.35%, 11/15/44 | &nbsp;&nbsp; 50 | 48452 |
| 5.40%, 03/15/55 | &nbsp;&nbsp; 175 | 168107 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 70 | 67411 |
| 5.45%, 03/15/54 | &nbsp;&nbsp; 60 | 57565 |
| 5.70%, 09/15/53 | &nbsp;&nbsp; 45 | 44707 |
| 6.25%, 11/01/52 | &nbsp;&nbsp; 45 | 48283 |
| Massachusetts Mutual Life Insurance Co. |  |  |
| 3.20%, 12/01/61<sup>(b)</sup> | &nbsp;&nbsp; 40 | 24668 |
| 3.38%, 04/15/50<sup>(b)</sup> | &nbsp;&nbsp; 45 | 31171 |
| 3.73%, 10/15/70<sup>(b)</sup> | &nbsp;&nbsp; 76 | 49645 |
| 4.90%, 04/01/77<sup>(b)</sup> | &nbsp;&nbsp; 50 | 41245 |
| 5.08%, 02/15/69<sup>(b)(c)</sup> | &nbsp;&nbsp; 30 | 27392 |
| 5.67%, 12/01/52<sup>(b)</sup> | &nbsp;&nbsp; 90 | 88901 |
| MetLife Capital Trust IV, 7.88%, 12/15/67<sup>(b)</sup> | &nbsp;&nbsp; 30 | 33401 |
| MetLife, Inc. |  |  |
| 4.05%, 03/01/45 | &nbsp;&nbsp; 100 | 82661 |
| 4.13%, 08/13/42 | &nbsp;&nbsp; 101 | 85928 |
| 4.60%, 05/13/46 | &nbsp;&nbsp; 95 | 84302 |
| 4.72%, 12/15/44 | &nbsp;&nbsp; 30 | 26920 |
| 4.88%, 11/13/43 | &nbsp;&nbsp; 116 | 107414 |
| 5.00%, 07/15/52 | &nbsp;&nbsp; 120 | 108484 |
| 5.25%, 01/15/54 | &nbsp;&nbsp; 115 | 108308 |
| 5.88%, 02/06/41 | &nbsp;&nbsp; 100 | 105287 |
| 6.40%, 12/15/66 | &nbsp;&nbsp; 135 | 141451 |
| 10.75%, 08/01/69 | &nbsp;&nbsp; 31 | 41178 |
| Mutual of Omaha Insurance Co., 6.14%, 01/16/64, <br> (10-year CMT + 2.95%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 35 | 36645 |
| Nanshan Life Pte Ltd., 5.88%, 03/17/41, (5-year CMT <br> + 1.85%)<sup>(c)(f)</sup><br>| &nbsp;&nbsp; 200 | 201249 |
| Nationwide Financial Services, Inc. |  |  |
| 3.90%, 11/30/49<sup>(b)</sup> | &nbsp;&nbsp; 105 | 81532 |
| 5.30%, 11/18/44<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38280 |
| 6.75%, 05/15/87 | &nbsp;&nbsp; 30 | 30264 |
| Nationwide Mutual Insurance Co. |  |  |
| 4.35%, 04/30/50<sup>(b)</sup> | &nbsp;&nbsp; 140 | 111775 |
| 9.38%, 08/15/39<sup>(b)</sup> | &nbsp;&nbsp; 95 | 128140 |
| New York Life Insurance Co. |  |  |
| 3.75%, 05/15/50<sup>(b)</sup> | &nbsp;&nbsp; 145 | 109878 |
| 4.45%, 05/15/69<sup>(b)</sup> | &nbsp;&nbsp; 100 | 79405 |
| 6.75%, 11/15/39<sup>(b)</sup> | &nbsp;&nbsp; 100 | 115374 |
| Northwestern Mutual Life Insurance Co.(The) |  |  |
| 3.45%, 03/30/51<sup>(b)</sup> | &nbsp;&nbsp; 135 | 97114 |
| 3.63%, 09/30/59<sup>(b)</sup> | &nbsp;&nbsp; 145 | 103695 |
| 3.85%, 09/30/47<sup>(b)</sup> | &nbsp;&nbsp; 110 | 87818 |
| 6.06%, 03/30/40<sup>(b)</sup> | &nbsp;&nbsp; 125 | 134976 |
| Old Republic International Corp., 3.85%, 06/11/51 | &nbsp;&nbsp; 75 | 54427 |
| OneAmerica Financial Partners, Inc., 4.25%, <br> 10/15/50<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | 7717 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Pacific Life Insurance Co. |  |  |
| 4.30%, 10/24/67<sup>(b)(c)</sup> | &nbsp;&nbsp; $75 | $60540 |
| 5.95%, 09/15/55<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35481 |
| Pacific LifeCorp |  |  |
| 3.35%, 09/15/50<sup>(b)</sup> | &nbsp;&nbsp; 80 | 55966 |
| 5.13%, 01/30/43<sup>(b)</sup> | &nbsp;&nbsp; 50 | 47726 |
| 5.40%, 09/15/52<sup>(b)</sup> | &nbsp;&nbsp; 75 | 72410 |
| Penn Mutual Life Insurance Co. (The), 3.80%, <br> 04/29/61<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 60 | 41192 |
| Pine Street Trust II, 5.57%, 02/15/49<sup>(b)</sup> | &nbsp;&nbsp; 110 | 105132 |
| Pine Street Trust III, 6.22%, 05/15/54<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30487 |
| Principal Financial Group, Inc. |  |  |
| 4.30%, 11/15/46 | &nbsp;&nbsp; 45 | 38075 |
| 4.35%, 05/15/43 | &nbsp;&nbsp; 46 | 40153 |
| 4.63%, 09/15/42 | &nbsp;&nbsp; 35 | 31663 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 110 | 106142 |
| 6.05%, 10/15/36 | &nbsp;&nbsp; 50 | 54580 |
| Progressive Corp.(The) |  |  |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 75 | 56242 |
| 3.95%, 03/26/50 | &nbsp;&nbsp; 70 | 55022 |
| 4.13%, 04/15/47 | &nbsp;&nbsp; 87 | 72127 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 60 | 49854 |
| 4.35%, 04/25/44 | &nbsp;&nbsp; 65 | 56772 |
| Provident Financing Trust I, 7.41%, 03/15/38 | &nbsp;&nbsp; 25 | 27654 |
| Prudential Financial, Inc. |  |  |
| 3.00%, 03/10/40 | &nbsp;&nbsp; 50 | 39010 |
| 3.70%, 03/13/51 | &nbsp;&nbsp; 140 | 102253 |
| 3.91%, 12/07/47 | &nbsp;&nbsp; 90 | 70381 |
| 3.94%, 12/07/49 | &nbsp;&nbsp; 120 | 92580 |
| 4.35%, 02/25/50 | &nbsp;&nbsp; 120 | 97865 |
| 4.42%, 03/27/48 | &nbsp;&nbsp; 30 | 25282 |
| 4.60%, 05/15/44 | &nbsp;&nbsp; 88 | 78223 |
| 5.70%, 12/14/36 | &nbsp;&nbsp; 65 | 68787 |
| 6.63%, 12/01/37 | &nbsp;&nbsp; 50 | 57561 |
| 6.63%, 06/21/40 | &nbsp;&nbsp; 50 | 56609 |
| Securian Financial Group, Inc., 4.80%, 04/15/48<sup>(b)</sup> | &nbsp;&nbsp; 55 | 48086 |
| Selective Insurance Group, Inc., 5.38%, 03/01/49 | &nbsp;&nbsp; 45 | 42715 |
| Symetra Life Insurance Co., 6.55%, 10/01/55<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15590 |
| Teachers Insurance & Annuity Association of America |  |  |
| 3.30%, 05/15/50<sup>(b)</sup> | &nbsp;&nbsp; 140 | 97390 |
| 4.27%, 05/15/47<sup>(b)</sup> | &nbsp;&nbsp; 210 | 176592 |
| 4.90%, 09/15/44<sup>(b)</sup> | &nbsp;&nbsp; 145 | 134426 |
| 6.85%, 12/16/39<sup>(b)</sup> | &nbsp;&nbsp; 100 | 116418 |
| Transatlantic Holdings, Inc., 8.00%, 11/30/39 | &nbsp;&nbsp; 35 | 43970 |
| Travelers Companies, Inc.(The) |  |  |
| 2.55%, 04/27/50 | &nbsp;&nbsp; 50 | 30786 |
| 3.05%, 06/08/51 | &nbsp;&nbsp; 50 | 33522 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 45 | 35782 |
| 4.00%, 05/30/47 | &nbsp;&nbsp; 85 | 69491 |
| 4.05%, 03/07/48 | &nbsp;&nbsp; 80 | 65545 |
| 4.10%, 03/04/49 | &nbsp;&nbsp; 60 | 49582 |
| 4.30%, 08/25/45 | &nbsp;&nbsp; 35 | 30186 |
| 4.60%, 08/01/43 | &nbsp;&nbsp; 40 | 36901 |
| 5.35%, 11/01/40 | &nbsp;&nbsp; 135 | 137619 |
| 5.45%, 05/25/53 | &nbsp;&nbsp; 85 | 84028 |
| 5.70%, 07/24/55 | &nbsp;&nbsp; 25 | 25690 |
| 6.25%, 06/15/37 | &nbsp;&nbsp; 65 | 72858 |
| 6.75%, 06/20/36 | &nbsp;&nbsp; 40 | 46214 |
| Unum Group |  |  |
| 4.05%, 08/15/41<sup>(b)</sup> | &nbsp;&nbsp; 65 | 54042 |
| 4.13%, 06/15/51 | &nbsp;&nbsp; 25 | 18653 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.50%, 12/15/49 | &nbsp;&nbsp; $50 | $39258 |
| 5.75%, 08/15/42 | &nbsp;&nbsp; 75 | 74435 |
| 6.00%, 06/15/54 | &nbsp;&nbsp; 25 | 24394 |
| W R Berkley Corp. |  |  |
| 3.15%, 09/30/61 | &nbsp;&nbsp; 45 | 27675 |
| 3.55%, 03/30/52 | &nbsp;&nbsp; 25 | 17992 |
| 4.00%, 05/12/50 | &nbsp;&nbsp; 70 | 55510 |
| 4.75%, 08/01/44 | &nbsp;&nbsp; 55 | 50328 |
| Western & Southern Life Insurance Co.(The) |  |  |
| 3.75%, 04/28/61<sup>(b)</sup> | &nbsp;&nbsp; 60 | 41824 |
| 5.15%, 01/15/49<sup>(b)</sup> | &nbsp;&nbsp; 55 | 50596 |
| Willis North America, Inc. |  |  |
| 3.88%, 09/15/49 | &nbsp;&nbsp; 55 | 41002 |
| 5.05%, 09/15/48 | &nbsp;&nbsp; 35 | 31635 |
| 5.90%, 03/05/54 | &nbsp;&nbsp; 80 | 79223 |
| Wynnton Funding Trust II, 5.99%, 08/15/55<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10135 |
| XL Group Ltd., 5.25%, 12/15/43 | &nbsp;&nbsp; 50 | 48076 |
|  |  | 13622872 |
| **Internet — 1.4%** | **Internet — 1.4%** | **Internet — 1.4%** |
| Alibaba Group Holding Ltd. |  |  |
| 2.70%, 02/09/41 | &nbsp;&nbsp; 200 | 152136 |
| 3.15%, 02/09/51 | &nbsp;&nbsp; 210 | 145221 |
| 3.25%, 02/09/61 | &nbsp;&nbsp; 5 | 3299 |
| 4.00%, 12/06/37 | &nbsp;&nbsp; 75 | 70005 |
| 4.20%, 12/06/47 | &nbsp;&nbsp; 225 | 190374 |
| 4.40%, 12/06/57 | &nbsp;&nbsp; 75 | 63335 |
| 5.63%, 11/26/54 | &nbsp;&nbsp; 10 | 10276 |
| Alphabet, Inc. |  |  |
| 1.90%, 08/15/40 | &nbsp;&nbsp; 175 | 120822 |
| 2.05%, 08/15/50 | &nbsp;&nbsp; 275 | 151660 |
| 2.25%, 08/15/60<sup>(a)</sup> | &nbsp;&nbsp; 145 | 76132 |
| 5.25%, 05/15/55 | &nbsp;&nbsp; 90 | 87285 |
| 5.30%, 05/15/65 | &nbsp;&nbsp; 80 | 75787 |
| 5.35%, 11/15/45 | &nbsp;&nbsp; 165 | 165643 |
| 5.45%, 11/15/55 | &nbsp;&nbsp; 545 | 541473 |
| 5.50%, 02/15/46 | &nbsp;&nbsp; 210 | 214080 |
| 5.65%, 02/15/56 | &nbsp;&nbsp; 105 | 107376 |
| 5.70%, 11/15/75 | &nbsp;&nbsp; 335 | 334792 |
| 5.75%, 02/15/66 | &nbsp;&nbsp; 135 | 137460 |
| Amazon.com, Inc. |  |  |
| 2.50%, 06/03/50 | &nbsp;&nbsp; 265 | 160430 |
| 2.70%, 06/03/60 | &nbsp;&nbsp; 203 | 114710 |
| 2.88%, 05/12/41 | &nbsp;&nbsp; 205 | 157290 |
| 3.10%, 05/12/51 | &nbsp;&nbsp; 300 | 203815 |
| 3.25%, 05/12/61 | &nbsp;&nbsp; 180 | 115773 |
| 3.88%, 08/22/37 | &nbsp;&nbsp; 275 | 255133 |
| 3.95%, 04/13/52 | &nbsp;&nbsp; 250 | 197373 |
| 4.05%, 08/22/47 | &nbsp;&nbsp; 342 | 282556 |
| 4.10%, 04/13/62 | &nbsp;&nbsp; 95 | 73101 |
| 4.25%, 08/22/57 | &nbsp;&nbsp; 225 | 181424 |
| 4.95%, 12/05/44 | &nbsp;&nbsp; 185 | 179397 |
| 5.45%, 11/20/55 | &nbsp;&nbsp; 260 | 255776 |
| 5.55%, 11/20/65 | &nbsp;&nbsp; 200 | 195618 |
| AppLovin Corp., 5.95%, 12/01/54 | &nbsp;&nbsp; 20 | 19164 |
| eBay, Inc. |  |  |
| 3.65%, 05/10/51 | &nbsp;&nbsp; 100 | 74310 |
| 4.00%, 07/15/42 | &nbsp;&nbsp; 85 | 70955 |
| Meta Platforms, Inc. |  |  |
| 4.45%, 08/15/52 | &nbsp;&nbsp; 295 | 242029 |
| 4.65%, 08/15/62 | &nbsp;&nbsp; 160 | 129795 |
| 5.40%, 08/15/54 | &nbsp;&nbsp; 335 | 316141 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 5.50%, 11/15/45 | &nbsp;&nbsp; $430 | $424590 |
| 5.55%, 08/15/64 | &nbsp;&nbsp; 275 | 258950 |
| 5.60%, 05/15/53 | &nbsp;&nbsp; 265 | 257754 |
| 5.63%, 11/15/55 | &nbsp;&nbsp; 420 | 411106 |
| 5.75%, 05/15/63 | &nbsp;&nbsp; 190 | 184674 |
| 5.75%, 11/15/65 | &nbsp;&nbsp; 530 | 515951 |
| Netflix, Inc., 5.40%, 08/15/54 | &nbsp;&nbsp; 45 | 44653 |
| Prosus NV |  |  |
| 3.83%, 02/08/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 136332 |
| 4.03%, 08/03/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 142030 |
| Tencent Holdings Ltd. |  |  |
| 3.24%, 06/03/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 145242 |
| 3.84%, 04/22/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 160886 |
| 3.93%, 01/19/38<sup>(f)</sup> | &nbsp;&nbsp; 200 | 188399 |
| Uber Technologies, Inc., 5.35%, 09/15/54 | &nbsp;&nbsp; 135 | 128736 |
|  |  | 8871249 |
| **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** |
| ArcelorMittal SA |  |  |
| 6.35%, 06/17/54<sup>(a)</sup> | &nbsp;&nbsp; 30 | 32161 |
| 6.75%, 03/01/41 | &nbsp;&nbsp; 50 | 55734 |
| 7.00%, 10/15/39 | &nbsp;&nbsp; 65 | 75080 |
| Cleveland-Cliffs, Inc., 6.25%, 10/01/40 | &nbsp;&nbsp; 35 | 29790 |
| Nucor Corp. |  |  |
| 2.98%, 12/15/55 | &nbsp;&nbsp; 84 | 53551 |
| 3.85%, 04/01/52 | &nbsp;&nbsp; 90 | 69715 |
| 6.40%, 12/01/37 | &nbsp;&nbsp; 75 | 84658 |
| Steel Dynamics, Inc. |  |  |
| 3.25%, 10/15/50 | &nbsp;&nbsp; 55 | 37531 |
| 5.75%, 05/15/55 | &nbsp;&nbsp; 40 | 39836 |
| U.S. Steel Corp., 6.65%, 06/01/37 | &nbsp;&nbsp; 30 | 31570 |
| Vale Overseas Ltd. |  |  |
| 6.40%, 06/28/54 | &nbsp;&nbsp; 115 | 120543 |
| 6.88%, 11/21/36 | &nbsp;&nbsp; 80 | 91654 |
| 6.88%, 11/10/39 | &nbsp;&nbsp; 65 | 74171 |
| Vale SA, 5.63%, 09/11/42 | &nbsp;&nbsp; 110 | 112068 |
|  |  | 908062 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| Harley-Davidson, Inc., 4.63%, 07/28/45 | &nbsp;&nbsp; 20 | 16005 |
| Royal Caribbean Cruises Ltd., 5.25%, 02/27/38 | &nbsp;&nbsp; 75 | 75115 |
|  |  | 91120 |
| **Lodging — 0.0%** | **Lodging — 0.0%** | **Lodging — 0.0%** |
| Marriott International, Inc., 5.50%, 04/15/37 | &nbsp;&nbsp; 100 | 103285 |
| Marriott International, Inc./MD, 5.10%, 05/01/38 | &nbsp;&nbsp; 50 | 49545 |
|  |  | 152830 |
| **Machinery — 0.2%** | **Machinery — 0.2%** | **Machinery — 0.2%** |
| Caterpillar, Inc. |  |  |
| 3.25%, 09/19/49 | &nbsp;&nbsp; 120 | 87269 |
| 3.25%, 04/09/50 | &nbsp;&nbsp; 55 | 39992 |
| 3.80%, 08/15/42 | &nbsp;&nbsp; 180 | 153819 |
| 4.30%, 05/15/44 | &nbsp;&nbsp; 100 | 89362 |
| 4.75%, 05/15/64 | &nbsp;&nbsp; 25 | 22350 |
| 5.20%, 05/27/41 | &nbsp;&nbsp; 146 | 149622 |
| 6.05%, 08/15/36 | &nbsp;&nbsp; 65 | 73390 |
| Deere & Co. |  |  |
| 2.88%, 09/07/49 | &nbsp;&nbsp; 55 | 37895 |
| 3.75%, 04/15/50 | &nbsp;&nbsp; 65 | 51916 |
| 3.90%, 06/09/42 | &nbsp;&nbsp; 124 | 108798 |
| 5.70%, 01/19/55 | &nbsp;&nbsp; 65 | 68834 |
| Dover Corp., 5.38%, 03/01/41 | &nbsp;&nbsp; 50 | 51994 |
| GE Vernova, Inc., 5.50%, 02/04/56 | &nbsp;&nbsp; 35 | 34718 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Ingersoll Rand, Inc., 5.70%, 06/15/54 | &nbsp;&nbsp; $30 | $30491 |
| Otis Worldwide Corp. |  |  |
| 3.11%, 02/15/40 | &nbsp;&nbsp; 105 | 83975 |
| 3.36%, 02/15/50 | &nbsp;&nbsp; 95 | 68188 |
| Rockwell Automation, Inc. |  |  |
| 2.80%, 08/15/61 | &nbsp;&nbsp; 25 | 14616 |
| 4.20%, 03/01/49 | &nbsp;&nbsp; 80 | 67843 |
| Vertiv Holdings Co. |  |  |
| 5.65%, 03/15/46 | &nbsp;&nbsp; 30 | 29786 |
| 5.95%, 03/15/66 | &nbsp;&nbsp; 30 | 29876 |
| Xylem, Inc., 4.38%, 11/01/46 | &nbsp;&nbsp; 30 | 26233 |
|  |  | 1320967 |
| **Manufacturing — 0.3%** | **Manufacturing — 0.3%** | **Manufacturing — 0.3%** |
| 3M Co. |  |  |
| 3.13%, 09/19/46 | &nbsp;&nbsp; 65 | 46000 |
| 3.25%, 08/26/49 | &nbsp;&nbsp; 100 | 69824 |
| 3.63%, 10/15/47 | &nbsp;&nbsp; 55 | 41892 |
| 3.70%, 04/15/50 | &nbsp;&nbsp; 40 | 30080 |
| 3.88%, 06/15/44 | &nbsp;&nbsp; 50 | 41229 |
| 4.00%, 09/14/48 | &nbsp;&nbsp; 115 | 92378 |
| 5.70%, 03/15/37 | &nbsp;&nbsp; 77 | 82247 |
| Eaton Corp. |  |  |
| 3.92%, 09/15/47 | &nbsp;&nbsp; 90 | 74836 |
| 4.15%, 11/02/42 | &nbsp;&nbsp; 115 | 101824 |
| 4.70%, 08/23/52 | &nbsp;&nbsp; 90 | 82062 |
| Illinois Tool Works, Inc. |  |  |
| 3.90%, 09/01/42 | &nbsp;&nbsp; 135 | 117195 |
| 4.88%, 09/15/41 | &nbsp;&nbsp; 56 | 54934 |
| Parker-Hannifin Corp. |  |  |
| 4.00%, 06/14/49 | &nbsp;&nbsp; 90 | 73949 |
| 4.10%, 03/01/47 | &nbsp;&nbsp; 70 | 59238 |
| 4.45%, 11/21/44 | &nbsp;&nbsp; 55 | 49328 |
| 6.25%, 05/15/38 | &nbsp;&nbsp; 40 | 45308 |
| Siemens Financieringsmaatschappij NV |  |  |
| 2.88%, 03/11/41<sup>(b)</sup> | &nbsp;&nbsp; 250 | 193493 |
| 3.30%, 09/15/46<sup>(b)</sup> | &nbsp;&nbsp; 15 | 11335 |
| 4.20%, 03/16/47<sup>(b)</sup> | &nbsp;&nbsp; 255 | 220766 |
| 4.40%, 05/27/45<sup>(b)</sup> | &nbsp;&nbsp; 60 | 53992 |
| Siemens Funding BV, 5.90%, 05/28/65<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15891 |
| Textron, Inc., 4.95%, 03/15/36 | &nbsp;&nbsp; 25 | 25140 |
|  |  | 1582941 |
| **Media — 1.5%** | **Media — 1.5%** | **Media — 1.5%** |
| Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 170 | 122526 |
| 3.50%, 03/01/42 | &nbsp;&nbsp; 75 | 52993 |
| 3.70%, 04/01/51 | &nbsp;&nbsp; 140 | 90623 |
| 3.85%, 04/01/61 | &nbsp;&nbsp; 175 | 105728 |
| 3.90%, 06/01/52 | &nbsp;&nbsp; 250 | 164228 |
| 3.95%, 06/30/62 | &nbsp;&nbsp; 125 | 76397 |
| 4.40%, 12/01/61 | &nbsp;&nbsp; 150 | 100510 |
| 4.80%, 03/01/50 | &nbsp;&nbsp; 285 | 217299 |
| 5.13%, 07/01/49 | &nbsp;&nbsp; 130 | 103303 |
| 5.25%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 165 | 133288 |
| 5.38%, 04/01/38 | &nbsp;&nbsp; 90 | 83569 |
| 5.38%, 05/01/47 | &nbsp;&nbsp; 245 | 204493 |
| 5.50%, 04/01/63 | &nbsp;&nbsp; 150 | 119397 |
| 5.75%, 04/01/48 | &nbsp;&nbsp; 253 | 219663 |
| 6.48%, 10/23/45 | &nbsp;&nbsp; 326 | 310079 |
| 6.70%, 12/01/55<sup>(a)</sup> | &nbsp;&nbsp; 65 | 63354 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 6.83%, 10/23/55 | &nbsp;&nbsp; $45 | $44234 |
| Comcast Corp. |  |  |
| 2.45%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 155 | 84258 |
| 2.65%, 08/15/62 | &nbsp;&nbsp; 135 | 70015 |
| 2.80%, 01/15/51 | &nbsp;&nbsp; 185 | 110052 |
| 2.89%, 11/01/51 | &nbsp;&nbsp; 515 | 310927 |
| 2.94%, 11/01/56 | &nbsp;&nbsp; 605 | 352513 |
| 2.99%, 11/01/63 | &nbsp;&nbsp; 289 | 160649 |
| 3.20%, 07/15/36 | &nbsp;&nbsp; 95 | 82458 |
| 3.25%, 11/01/39 | &nbsp;&nbsp; 126 | 100476 |
| 3.40%, 07/15/46 | &nbsp;&nbsp; 180 | 128457 |
| 3.45%, 02/01/50 | &nbsp;&nbsp; 200 | 137157 |
| 3.75%, 04/01/40 | &nbsp;&nbsp; 175 | 147508 |
| 3.90%, 03/01/38 | &nbsp;&nbsp; 105 | 93283 |
| 3.97%, 11/01/47 | &nbsp;&nbsp; 227 | 174186 |
| 4.00%, 08/15/47 | &nbsp;&nbsp; 85 | 65852 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 90 | 69370 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 201 | 152086 |
| 4.05%, 11/01/52 | &nbsp;&nbsp; 95 | 71355 |
| 4.60%, 10/15/38 | &nbsp;&nbsp; 99 | 93432 |
| 4.60%, 08/15/45 | &nbsp;&nbsp; 105 | 91400 |
| 4.65%, 07/15/42 | &nbsp;&nbsp; 90 | 80775 |
| 4.70%, 10/15/48 | &nbsp;&nbsp; 140 | 119521 |
| 4.75%, 03/01/44 | &nbsp;&nbsp; 80 | 71497 |
| 4.95%, 10/15/58 | &nbsp;&nbsp; 120 | 102567 |
| 5.35%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 140 | 128927 |
| 5.50%, 05/15/64 | &nbsp;&nbsp; 140 | 128962 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 125 | 120566 |
| 6.05%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 100 | 102337 |
| 6.45%, 03/15/37 | &nbsp;&nbsp; 70 | 78265 |
| 6.55%, 07/01/39 | &nbsp;&nbsp; 40 | 44617 |
| 6.95%, 08/15/37 | &nbsp;&nbsp; 30 | 34754 |
| Cox Communications, Inc. |  |  |
| 2.95%, 10/01/50<sup>(b)</sup> | &nbsp;&nbsp; 75 | 42496 |
| 3.60%, 06/15/51<sup>(b)</sup> | &nbsp;&nbsp; 80 | 50854 |
| 4.50%, 06/30/43<sup>(b)</sup> | &nbsp;&nbsp; 41 | 32352 |
| 4.60%, 08/15/47<sup>(b)</sup> | &nbsp;&nbsp; 50 | 37845 |
| 4.70%, 12/15/42<sup>(b)</sup> | &nbsp;&nbsp; 35 | 28276 |
| 5.80%, 12/15/53<sup>(b)</sup> | &nbsp;&nbsp; 75 | 65394 |
| 5.95%, 09/01/54<sup>(b)</sup> | &nbsp;&nbsp; 75 | 66814 |
| 8.38%, 03/01/39<sup>(b)</sup> | &nbsp;&nbsp; 50 | 58680 |
| Discovery Communications LLC |  |  |
| 5.00%, 09/20/37 | &nbsp;&nbsp; 80 | 63079 |
| 5.20%, 09/20/47 | &nbsp;&nbsp; 2 | 1129 |
| 6.35%, 06/01/40 | &nbsp;&nbsp; 50 | 40898 |
| Fox Corp. |  |  |
| 5.48%, 01/25/39 | &nbsp;&nbsp; 160 | 159051 |
| 5.58%, 01/25/49 | &nbsp;&nbsp; 100 | 94729 |
| Grupo Televisa SAB |  |  |
| 5.00%, 05/13/45 | &nbsp;&nbsp; 50 | 34215 |
| 5.25%, 05/24/49 | &nbsp;&nbsp; 45 | 31020 |
| 6.13%, 01/31/46 | &nbsp;&nbsp; 65 | 50277 |
| 6.63%, 01/15/40 | &nbsp;&nbsp; 94 | 83225 |
| NBCUniversal Media LLC |  |  |
| 4.45%, 01/15/43 | &nbsp;&nbsp; 70 | 60663 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 55 | 57241 |
| 6.40%, 04/30/40 | &nbsp;&nbsp; 5 | 5500 |
| Paramount Global |  |  |
| 4.38%, 03/15/43 | &nbsp;&nbsp; 135 | 84675 |
| 4.60%, 01/15/45 | &nbsp;&nbsp; 55 | 34661 |
| 4.85%, 07/01/42 | &nbsp;&nbsp; 49 | 33236 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 4.90%, 08/15/44 | &nbsp;&nbsp; $55 | $35331 |
| 4.95%, 05/19/50<sup>(a)</sup> | &nbsp;&nbsp; 95 | 60008 |
| 5.25%, 04/01/44 | &nbsp;&nbsp; 30 | 20377 |
| 5.85%, 09/01/43 | &nbsp;&nbsp; 110 | 81467 |
| 5.90%, 10/15/40 | &nbsp;&nbsp; 25 | 20450 |
| 6.88%, 04/30/36 | &nbsp;&nbsp; 129 | 117181 |
| Time Warner Cable LLC |  |  |
| 4.50%, 09/15/42 | &nbsp;&nbsp; 119 | 93963 |
| 5.50%, 09/01/41 | &nbsp;&nbsp; 80 | 71661 |
| 5.88%, 11/15/40 | &nbsp;&nbsp; 115 | 107973 |
| 6.55%, 05/01/37 | &nbsp;&nbsp; 155 | 159711 |
| 6.75%, 06/15/39 | &nbsp;&nbsp; 155 | 158934 |
| 7.30%, 07/01/38 | &nbsp;&nbsp; 140 | 151612 |
| TWDC Enterprises 18 Corp. |  |  |
| 3.00%, 07/30/46 | &nbsp;&nbsp; 100 | 70906 |
| 3.70%, 12/01/42 | &nbsp;&nbsp; 70 | 57651 |
| 4.13%, 06/01/44 | &nbsp;&nbsp; 96 | 81900 |
| 4.38%, 08/16/41 | &nbsp;&nbsp; 50 | 45665 |
| Series E, 4.13%, 12/01/41 | &nbsp;&nbsp; 80 | 70969 |
| Walt Disney Co.(The) |  |  |
| 2.75%, 09/01/49 | &nbsp;&nbsp; 135 | 86831 |
| 3.50%, 05/13/40 | &nbsp;&nbsp; 190 | 161205 |
| 3.60%, 01/13/51 | &nbsp;&nbsp; 290 | 217916 |
| 3.80%, 05/13/60 | &nbsp;&nbsp; 35 | 25846 |
| 4.63%, 03/23/40 | &nbsp;&nbsp; 50 | 48334 |
| 4.70%, 03/23/50 | &nbsp;&nbsp; 180 | 162139 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 70 | 64927 |
| 4.75%, 11/15/46 | &nbsp;&nbsp; 45 | 41275 |
| 4.95%, 10/15/45 | &nbsp;&nbsp; 65 | 61647 |
| 5.40%, 10/01/43 | &nbsp;&nbsp; 95 | 96838 |
| 6.15%, 03/01/37 | &nbsp;&nbsp; 31 | 34730 |
| 6.15%, 02/15/41 | &nbsp;&nbsp; 50 | 55007 |
| 6.65%, 11/15/37 | &nbsp;&nbsp; 150 | 173060 |
| 7.75%, 12/01/45 | &nbsp;&nbsp; 35 | 44910 |
|  |  | 9616640 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Precision Castparts Corp. |  |  |
| 3.90%, 01/15/43 | &nbsp;&nbsp; 60 | 51557 |
| 4.38%, 06/15/45 | &nbsp;&nbsp; 40 | 35761 |
| Valmont Industries, Inc. |  |  |
| 5.00%, 10/01/44 | &nbsp;&nbsp; 65 | 60466 |
| 5.25%, 10/01/54 | &nbsp;&nbsp; 20 | 19260 |
|  |  | 167044 |
| **Mining — 0.7%** | **Mining — 0.7%** | **Mining — 0.7%** |
| Anglo American Capital PLC, 4.75%, 03/16/52<sup>(f)</sup> | &nbsp;&nbsp; 200 | 172685 |
| AngloGold Ashanti Holdings PLC, 6.50%, 04/15/40 | &nbsp;&nbsp; 30 | 32211 |
| Barrick International Barbados Corp., 6.35%, <br> 10/15/36<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | 11128 |
| Barrick North America Finance LLC |  |  |
| 5.70%, 05/30/41 | &nbsp;&nbsp; 94 | 97667 |
| 5.75%, 05/01/43 | &nbsp;&nbsp; 84 | 87093 |
| Barrick PD Australia Finance Pty. Ltd., 5.95%, <br> 10/15/39<br>| &nbsp;&nbsp; 95 | 101740 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.13%, 02/24/42 | &nbsp;&nbsp; 115 | 101321 |
| 5.00%, 09/30/43 | &nbsp;&nbsp; 245 | 237338 |
| 5.50%, 09/08/53 | &nbsp;&nbsp; 75 | 75587 |
| 5.75%, 09/05/55 | &nbsp;&nbsp; 55 | 57392 |
| Corp. Nacional del Cobre de Chile |  |  |
| 3.70%, 01/30/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 145638 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| 4.25%, 07/17/42<sup>(b)</sup> | &nbsp;&nbsp; $200 | $169975 |
| 4.38%, 02/05/49<sup>(f)</sup> | &nbsp;&nbsp; 200 | 162127 |
| 4.50%, 08/01/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 167817 |
| 5.63%, 10/18/43<sup>(f)</sup> | &nbsp;&nbsp; 200 | 197587 |
| 6.30%, 09/08/53<sup>(f)</sup> | &nbsp;&nbsp; 200 | 210104 |
| 6.78%, 01/13/55<sup>(f)</sup> | &nbsp;&nbsp; 200 | 221191 |
| Freeport-McMoRan, Inc., 5.45%, 03/15/43 | &nbsp;&nbsp; 175 | 173048 |
| Glencore Finance Canada Ltd. |  |  |
| 5.55%, 10/25/42<sup>(b)</sup> | &nbsp;&nbsp; 55 | 55019 |
| 6.00%, 11/15/41<sup>(b)</sup> | &nbsp;&nbsp; 40 | 42162 |
| 6.90%, 11/15/37<sup>(b)</sup> | &nbsp;&nbsp; 49 | 56312 |
| Glencore Funding LLC |  |  |
| 3.38%, 09/23/51<sup>(b)</sup> | &nbsp;&nbsp; 50 | 34372 |
| 3.88%, 04/27/51<sup>(b)</sup> | &nbsp;&nbsp; 85 | 64638 |
| 5.89%, 04/04/54<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35850 |
| 6.14%, 04/01/55<sup>(b)</sup> | &nbsp;&nbsp; 60 | 63278 |
| Industrias Penoles SAB de CV, 4.75%, 08/06/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 170282 |
| Newmont Corp. |  |  |
| 4.88%, 03/15/42 | &nbsp;&nbsp; 62 | 60216 |
| 5.45%, 06/09/44 | &nbsp;&nbsp; 45 | 45629 |
| Newmont Corp./Newcrest Finance Pty. Ltd., 4.20%, <br> 05/13/50<br>| &nbsp;&nbsp; 40 | 33345 |
| Nexa Resources SA, 6.60%, 04/08/37<sup>(f)</sup> | &nbsp;&nbsp; 200 | 214097 |
| Rio Tinto Finance USA Ltd. |  |  |
| 2.75%, 11/02/51 | &nbsp;&nbsp; 131 | 82819 |
| 5.20%, 11/02/40 | &nbsp;&nbsp; 105 | 106315 |
| Rio Tinto Finance USA PLC |  |  |
| 4.13%, 08/21/42 | &nbsp;&nbsp; 70 | 61212 |
| 4.75%, 03/22/42 | &nbsp;&nbsp; 55 | 52199 |
| 5.13%, 03/09/53 | &nbsp;&nbsp; 115 | 109052 |
| 5.75%, 03/14/55 | &nbsp;&nbsp; 205 | 212908 |
| 5.88%, 03/14/65 | &nbsp;&nbsp; 50 | 52192 |
| Southern Copper Corp. |  |  |
| 5.25%, 11/08/42 | &nbsp;&nbsp; 120 | 117262 |
| 5.88%, 04/23/45 | &nbsp;&nbsp; 120 | 125341 |
| 6.75%, 04/16/40 | &nbsp;&nbsp; 100 | 114427 |
|  |  | 4330576 |
| **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** |
| Xerox Corp., 6.75%, 12/15/39 | &nbsp;&nbsp; 50 | 14220 |
| **Oil & Gas — 3.0%** | **Oil & Gas — 3.0%** | **Oil & Gas — 3.0%** |
| Adnoc Murban Rsc Ltd., 5.13%, 09/11/54<sup>(f)</sup> | &nbsp;&nbsp; 200 | 187679 |
| Aker BP ASA, 5.80%, 10/01/54<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4687 |
| APA Corp. |  |  |
| 5.10%, 09/01/40 | &nbsp;&nbsp; 35 | 32127 |
| 5.35%, 07/01/49 | &nbsp;&nbsp; 45 | 39067 |
| 6.75%, 02/15/55 | &nbsp;&nbsp; 70 | 71189 |
| BP Capital Markets America, Inc. |  |  |
| 2.77%, 11/10/50 | &nbsp;&nbsp; 135 | 85732 |
| 2.94%, 06/04/51 | &nbsp;&nbsp; 210 | 137355 |
| 3.00%, 02/24/50 | &nbsp;&nbsp; 210 | 140437 |
| 3.00%, 03/17/52 | &nbsp;&nbsp; 135 | 88741 |
| 3.06%, 06/17/41 | &nbsp;&nbsp; 140 | 109253 |
| 3.38%, 02/08/61 | &nbsp;&nbsp; 180 | 120501 |
| Burlington Resources LLC, 5.95%, 10/15/36 | &nbsp;&nbsp; 55 | 60217 |
| Canadian Natural Resources Ltd. |  |  |
| 4.95%, 06/01/47 | &nbsp;&nbsp; 75 | 68182 |
| 6.25%, 03/15/38 | &nbsp;&nbsp; 110 | 118775 |
| 6.50%, 02/15/37 | &nbsp;&nbsp; 50 | 55002 |
| 6.75%, 02/01/39 | &nbsp;&nbsp; 40 | 44914 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Cenovus Energy, Inc. |  |  |
| 3.75%, 02/15/52 | &nbsp;&nbsp; $90 | $65238 |
| 5.25%, 06/15/37 | &nbsp;&nbsp; 32 | 31918 |
| 5.40%, 03/20/36 | &nbsp;&nbsp; 60 | 61061 |
| 5.40%, 06/15/47 | &nbsp;&nbsp; 67 | 63193 |
| 6.75%, 11/15/39 | &nbsp;&nbsp; 53 | 59282 |
| Chevron Corp., 3.08%, 05/11/50 | &nbsp;&nbsp; 120 | 83991 |
| Chevron USA, Inc. |  |  |
| 2.34%, 08/12/50 | &nbsp;&nbsp; 85 | 50962 |
| 5.25%, 11/15/43 | &nbsp;&nbsp; 83 | 84618 |
| 6.00%, 03/01/41 | &nbsp;&nbsp; 45 | 49966 |
| CNOOC Finance 2014 ULC, 4.88%, 04/30/44 | &nbsp;&nbsp; 400 | 404642 |
| CNOOC Petroleum North America ULC, 6.40%, <br> 05/15/37<br>| &nbsp;&nbsp; 40 | 47648 |
| ConocoPhillips |  |  |
| 4.88%, 10/01/47 | &nbsp;&nbsp; 15 | 13751 |
| 5.90%, 05/15/38 | &nbsp;&nbsp; 25 | 27084 |
| 6.50%, 02/01/39 | &nbsp;&nbsp; 155 | 176969 |
| ConocoPhillips Co. |  |  |
| 3.76%, 03/15/42 | &nbsp;&nbsp; 85 | 70999 |
| 3.80%, 03/15/52 | &nbsp;&nbsp; 85 | 64301 |
| 4.03%, 03/15/62 | &nbsp;&nbsp; 130 | 96547 |
| 4.30%, 11/15/44 | &nbsp;&nbsp; 105 | 91073 |
| 5.30%, 05/15/53 | &nbsp;&nbsp; 115 | 109108 |
| 5.50%, 01/15/55 | &nbsp;&nbsp; 140 | 137342 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 90 | 88652 |
| 5.65%, 01/15/65 | &nbsp;&nbsp; 65 | 63758 |
| 5.70%, 09/15/63 | &nbsp;&nbsp; 50 | 49753 |
| 5.95%, 03/15/46 | &nbsp;&nbsp; 55 | 58039 |
| Continental Resources, Inc./OK, 4.90%, 06/01/44 | &nbsp;&nbsp; 70 | 57670 |
| Coterra Energy, Inc., 5.90%, 02/15/55 | &nbsp;&nbsp; 75 | 74594 |
| Devon Energy Corp. |  |  |
| 4.75%, 05/15/42 | &nbsp;&nbsp; 44 | 39859 |
| 5.00%, 06/15/45 | &nbsp;&nbsp; 70 | 63652 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 150 | 150290 |
| 5.75%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 105 | 102170 |
| Diamondback Energy, Inc. |  |  |
| 4.25%, 03/15/52 | &nbsp;&nbsp; 75 | 60099 |
| 4.40%, 03/24/51<sup>(a)</sup> | &nbsp;&nbsp; 100 | 82640 |
| 5.75%, 04/18/54 | &nbsp;&nbsp; 160 | 156085 |
| 5.90%, 04/18/64 | &nbsp;&nbsp; 80 | 78376 |
| 6.25%, 03/15/53 | &nbsp;&nbsp; 70 | 72812 |
| Ecopetrol SA |  |  |
| 5.88%, 05/28/45 | &nbsp;&nbsp; 241 | 181273 |
| 5.88%, 11/02/51 | &nbsp;&nbsp; 100 | 72199 |
| 7.38%, 09/18/43<sup>(a)</sup> | &nbsp;&nbsp; 90 | 82445 |
| Eni SpA, 5.70%, 10/01/40<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51135 |
| EOG Resources, Inc. |  |  |
| 4.95%, 04/15/50 | &nbsp;&nbsp; 105 | 95416 |
| 5.65%, 12/01/54 | &nbsp;&nbsp; 75 | 75067 |
| 5.95%, 07/15/55 | &nbsp;&nbsp; 70 | 73053 |
| Equinor ASA |  |  |
| 3.25%, 11/18/49 | &nbsp;&nbsp; 140 | 100049 |
| 3.63%, 04/06/40 | &nbsp;&nbsp; 65 | 56050 |
| 3.70%, 04/06/50 | &nbsp;&nbsp; 100 | 77288 |
| 3.95%, 05/15/43 | &nbsp;&nbsp; 102 | 86788 |
| 4.25%, 11/23/41 | &nbsp;&nbsp; 70 | 62879 |
| 4.80%, 11/08/43 | &nbsp;&nbsp; 50 | 47385 |
| 5.10%, 08/17/40 | &nbsp;&nbsp; 110 | 110429 |
| Exxon Mobil Corp. |  |  |
| 3.00%, 08/16/39 | &nbsp;&nbsp; 85 | 69427 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 3.10%, 08/16/49 | &nbsp;&nbsp; $140 | $98027 |
| 3.45%, 04/15/51 | &nbsp;&nbsp; 305 | 224107 |
| 3.57%, 03/06/45 | &nbsp;&nbsp; 125 | 100244 |
| 4.11%, 03/01/46 | &nbsp;&nbsp; 225 | 191858 |
| 4.23%, 03/19/40 | &nbsp;&nbsp; 190 | 177021 |
| 4.33%, 03/19/50 | &nbsp;&nbsp; 285 | 244291 |
| Hess Corp. |  |  |
| 5.60%, 02/15/41 | &nbsp;&nbsp; 110 | 115621 |
| 5.80%, 04/01/47 | &nbsp;&nbsp; 55 | 57594 |
| 6.00%, 01/15/40 | &nbsp;&nbsp; 105 | 114806 |
| KazMunayGas National Co. JSC, 6.38%, 10/24/48<sup>(f)</sup> | &nbsp;&nbsp; 200 | 204861 |
| Marathon Petroleum Corp. |  |  |
| 4.50%, 04/01/48 | &nbsp;&nbsp; 70 | 57769 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 80 | 70634 |
| 5.00%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 30 | 25909 |
| 6.50%, 03/01/41 | &nbsp;&nbsp; 120 | 131157 |
| Motiva Enterprises LLC, 6.85%, 01/15/40<sup>(b)</sup> | &nbsp;&nbsp; 105 | 116616 |
| Murphy Oil Corp., 5.88%, 12/01/42 | &nbsp;&nbsp; 40 | 35274 |
| Occidental Petroleum Corp. |  |  |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 55 | 42659 |
| 4.40%, 04/15/46 | &nbsp;&nbsp; 55 | 45019 |
| 6.05%, 10/01/54 | &nbsp;&nbsp; 115 | 114555 |
| 6.20%, 03/15/40 | &nbsp;&nbsp; 84 | 87725 |
| 6.45%, 09/15/36 | &nbsp;&nbsp; 160 | 174420 |
| 6.60%, 03/15/46 | &nbsp;&nbsp; 75 | 79730 |
| 7.95%, 06/15/39 | &nbsp;&nbsp; 35 | 42258 |
| Ovintiv, Inc. |  |  |
| 6.50%, 02/01/38 | &nbsp;&nbsp; 50 | 54061 |
| 6.63%, 08/15/37 | &nbsp;&nbsp; 45 | 49270 |
| 7.10%, 07/15/53 | &nbsp;&nbsp; 45 | 50210 |
| Pertamina Persero PT |  |  |
| 4.18%, 01/21/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 154740 |
| 5.63%, 05/20/43<sup>(f)</sup> | &nbsp;&nbsp; 200 | 193847 |
| 6.00%, 05/03/42<sup>(f)</sup> | &nbsp;&nbsp; 200 | 201822 |
| 6.45%, 05/30/44<sup>(f)</sup> | &nbsp;&nbsp; 200 | 211887 |
| Petrobras Global Finance BV |  |  |
| 5.50%, 06/10/51<sup>(a)</sup> | &nbsp;&nbsp; 50 | 42124 |
| 6.75%, 01/27/41 | &nbsp;&nbsp; 60 | 60528 |
| 6.85%, 06/05/2115<sup>(a)</sup> | &nbsp;&nbsp; 150 | 144524 |
| 6.88%, 01/20/40<sup>(a)</sup> | &nbsp;&nbsp; 90 | 92559 |
| 7.25%, 03/17/44<sup>(a)</sup> | &nbsp;&nbsp; 60 | 63227 |
| Petroleos del Peru SA, 5.63%, 06/19/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 127664 |
| Petroleos Mexicanos |  |  |
| 5.50%, 06/27/44 | &nbsp;&nbsp; 120 | 93531 |
| 5.63%, 01/23/46 | &nbsp;&nbsp; 10 | 7741 |
| 6.35%, 02/12/48 | &nbsp;&nbsp; 150 | 120337 |
| 6.38%, 01/23/45<sup>(a)</sup> | &nbsp;&nbsp; 150 | 124488 |
| 6.50%, 06/02/41 | &nbsp;&nbsp; 100 | 89281 |
| 6.75%, 09/21/47 | &nbsp;&nbsp; 575 | 477713 |
| 6.95%, 01/28/60 | &nbsp;&nbsp; 400 | 329198 |
| 7.69%, 01/23/50 | &nbsp;&nbsp; 750 | 682510 |
| Petronas Capital Ltd. |  |  |
| 3.40%, 04/28/61<sup>(f)</sup> | &nbsp;&nbsp; 200 | 139203 |
| 4.50%, 03/18/45<sup>(f)</sup> | &nbsp;&nbsp; 200 | 181814 |
| 4.55%, 04/21/50<sup>(f)</sup> | &nbsp;&nbsp; 300 | 269783 |
| 5.85%, 04/03/55<sup>(f)</sup> | &nbsp;&nbsp; 200 | 213198 |
| Phillips 66 |  |  |
| 3.30%, 03/15/52 | &nbsp;&nbsp; 120 | 80544 |
| 4.88%, 11/15/44 | &nbsp;&nbsp; 195 | 175894 |
| 5.88%, 05/01/42 | &nbsp;&nbsp; 135 | 138839 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Phillips 66 Co. |  |  |
| 4.68%, 02/15/45 | &nbsp;&nbsp; $85 | $74215 |
| 4.90%, 10/01/46 | &nbsp;&nbsp; 70 | 62416 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 40 | 37894 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 90 | 86771 |
| PTTEP Treasury Center Co. Ltd., 3.90%, 12/06/59<sup>(f)</sup> | &nbsp;&nbsp; 200 | 155461 |
| Qatar Energy |  |  |
| 3.13%, 07/12/41<sup>(f)</sup> | &nbsp;&nbsp; 400 | 314229 |
| 3.30%, 07/12/51<sup>(f)</sup> | &nbsp;&nbsp; 400 | 285228 |
| Raizen Fuels Finance SA, 6.95%, 03/05/54<sup>(f)</sup> | &nbsp;&nbsp; 200 | 83357 |
| Reliance Industries Ltd., 3.63%, 01/12/52<sup>(f)</sup> | &nbsp;&nbsp; 250 | 187612 |
| Saudi Arabian Oil Co. |  |  |
| 3.25%, 11/24/50<sup>(f)</sup> | &nbsp;&nbsp; 400 | 267128 |
| 3.50%, 11/24/70<sup>(f)</sup> | &nbsp;&nbsp; 200 | 126115 |
| 4.25%, 04/16/39<sup>(f)</sup> | &nbsp;&nbsp; 400 | 366021 |
| 4.38%, 04/16/49<sup>(f)</sup> | &nbsp;&nbsp; 200 | 166772 |
| 5.75%, 07/17/54<sup>(f)</sup> | &nbsp;&nbsp; 200 | 194532 |
| 5.88%, 07/17/64<sup>(f)</sup> | &nbsp;&nbsp; 200 | 194406 |
| 6.38%, 06/02/55<sup>(f)</sup> | &nbsp;&nbsp; 200 | 211250 |
| Shell Finance U.S., Inc. |  |  |
| 3.00%, 11/26/51<sup>(b)</sup> | &nbsp;&nbsp; 80 | 52922 |
| 3.13%, 11/07/49<sup>(b)</sup> | &nbsp;&nbsp; 100 | 69051 |
| 3.25%, 04/06/50 | &nbsp;&nbsp; 205 | 144483 |
| 3.75%, 09/12/46 | &nbsp;&nbsp; 125 | 99183 |
| 4.00%, 05/10/46 | &nbsp;&nbsp; 205 | 169468 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 285 | 249630 |
| 4.55%, 08/12/43 | &nbsp;&nbsp; 50 | 45737 |
| 5.13%, 10/15/41<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24824 |
| 5.50%, 03/25/40<sup>(b)</sup> | &nbsp;&nbsp; 80 | 83368 |
| 6.38%, 12/15/38<sup>(b)</sup> | &nbsp;&nbsp; 265 | 300520 |
| Shell International Finance BV |  |  |
| 2.88%, 11/26/41 | &nbsp;&nbsp; 70 | 52651 |
| 3.63%, 08/21/42 | &nbsp;&nbsp; 60 | 49103 |
| 4.00%, 05/10/46 | &nbsp;&nbsp; 45 | 37489 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 40 | 35097 |
| Sinopec Group Overseas Development 2015 Ltd., <br> 4.10%, 04/28/45<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 182234 |
| Sinopec Group Overseas Development 2017 Ltd., <br> 4.25%, 04/12/47<sup>(f)</sup><br>| &nbsp;&nbsp; 300 | 277839 |
| Sinopec Group Overseas Development 2018 Ltd., <br> 3.10%, 01/08/51<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 150622 |
| Suncor Energy, Inc. |  |  |
| 3.75%, 03/04/51 | &nbsp;&nbsp; 75 | 54864 |
| 4.00%, 11/15/47 | &nbsp;&nbsp; 74 | 57938 |
| 6.80%, 05/15/38 | &nbsp;&nbsp; 66 | 74554 |
| 6.85%, 06/01/39 | &nbsp;&nbsp; 70 | 78758 |
| TotalEnergies Capital International SA |  |  |
| 2.99%, 06/29/41 | &nbsp;&nbsp; 112 | 86421 |
| 3.13%, 05/29/50 | &nbsp;&nbsp; 286 | 196184 |
| 3.39%, 06/29/60 | &nbsp;&nbsp; 85 | 56499 |
| 3.46%, 07/12/49 | &nbsp;&nbsp; 115 | 84675 |
| TotalEnergies Capital SA |  |  |
| 5.28%, 09/10/54 | &nbsp;&nbsp; 75 | 72010 |
| 5.43%, 09/10/64 | &nbsp;&nbsp; 110 | 104792 |
| 5.49%, 04/05/54 | &nbsp;&nbsp; 155 | 153382 |
| 5.64%, 04/05/64 | &nbsp;&nbsp; 95 | 93917 |
| Transocean International Ltd., 6.80%, 03/15/38 | &nbsp;&nbsp; 45 | 43603 |
| Valero Energy Corp. |  |  |
| 3.65%, 12/01/51 | &nbsp;&nbsp; 115 | 81927 |
| 4.00%, 06/01/52 | &nbsp;&nbsp; 50 | 37909 |
| 4.90%, 03/15/45 | &nbsp;&nbsp; 65 | 59660 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 6.63%, 06/15/37 | &nbsp;&nbsp; $140 | $157177 |
| Woodside Finance Ltd., 5.70%, 09/12/54 | &nbsp;&nbsp; 75 | 72307 |
| YPF SA, 7.00%, 12/15/47<sup>(f)</sup> | &nbsp;&nbsp; 90 | 80554 |
|  |  | 19200334 |
| **Oil & Gas Services — 0.2%** | **Oil & Gas Services — 0.2%** | **Oil & Gas Services — 0.2%** |
| Baker Hughes Holdings LLC, 5.13%, 09/15/40 | &nbsp;&nbsp; 130 | 129291 |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc., 4.08%, 12/15/47<br>| &nbsp;&nbsp; 143 | 116142 |
| Halliburton Co. |  |  |
| 4.50%, 11/15/41 | &nbsp;&nbsp; 60 | 54627 |
| 4.75%, 08/01/43 | &nbsp;&nbsp; 93 | 84441 |
| 5.00%, 11/15/45 | &nbsp;&nbsp; 175 | 160617 |
| 6.70%, 09/15/38 | &nbsp;&nbsp; 78 | 88957 |
| 7.45%, 09/15/39 | &nbsp;&nbsp; 95 | 114762 |
| NOV, Inc., 3.95%, 12/01/42 | &nbsp;&nbsp; 109 | 88083 |
| Yinson Boronia Production BV, 8.95%, 07/31/42<sup>(f)</sup> | &nbsp;&nbsp; 194 | 213999 |
|  |  | 1050919 |
| **Packaging & Containers — 0.0%** | **Packaging & Containers — 0.0%** | **Packaging & Containers — 0.0%** |
| Packaging Corp. of America |  |  |
| 3.05%, 10/01/51 | &nbsp;&nbsp; 75 | 49625 |
| 4.05%, 12/15/49 | &nbsp;&nbsp; 50 | 40184 |
| Smurfit Kappa Treasury ULC, 5.78%, 04/03/54 | &nbsp;&nbsp; 40 | 40470 |
| Sonoco Products Co., 5.75%, 11/01/40 | &nbsp;&nbsp; 50 | 51844 |
| Stora Enso OYJ, 7.25%, 04/15/36<sup>(b)</sup> | &nbsp;&nbsp; 35 | 39162 |
|  |  | 221285 |
| **Pharmaceuticals — 2.8%** | **Pharmaceuticals — 2.8%** | **Pharmaceuticals — 2.8%** |
| AbbVie, Inc. |  |  |
| 4.05%, 11/21/39 | &nbsp;&nbsp; 380 | 343785 |
| 4.25%, 11/21/49 | &nbsp;&nbsp; 510 | 428916 |
| 4.30%, 05/14/36 | &nbsp;&nbsp; 120 | 116305 |
| 4.40%, 11/06/42 | &nbsp;&nbsp; 290 | 262790 |
| 4.45%, 05/14/46 | &nbsp;&nbsp; 201 | 178131 |
| 4.63%, 10/01/42 | &nbsp;&nbsp; 75 | 70062 |
| 4.70%, 05/14/45 | &nbsp;&nbsp; 270 | 247468 |
| 4.75%, 03/15/45 | &nbsp;&nbsp; 70 | 64908 |
| 4.85%, 06/15/44 | &nbsp;&nbsp; 90 | 84623 |
| 4.88%, 11/14/48 | &nbsp;&nbsp; 115 | 106131 |
| 5.35%, 03/15/44 | &nbsp;&nbsp; 70 | 70067 |
| 5.40%, 03/15/54 | &nbsp;&nbsp; 300 | 294577 |
| 5.50%, 03/15/64 | &nbsp;&nbsp; 155 | 152566 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 35 | 35205 |
| 5.60%, 03/15/55 | &nbsp;&nbsp; 105 | 106146 |
| 5.65%, 03/15/66 | &nbsp;&nbsp; 105 | 105373 |
| AstraZeneca PLC |  |  |
| 2.13%, 08/06/50 | &nbsp;&nbsp; 75 | 42812 |
| 3.00%, 05/28/51 | &nbsp;&nbsp; 65 | 44671 |
| 4.00%, 09/18/42 | &nbsp;&nbsp; 101 | 88034 |
| 4.38%, 11/16/45 | &nbsp;&nbsp; 98 | 87459 |
| 4.38%, 08/17/48 | &nbsp;&nbsp; 75 | 66324 |
| 6.45%, 09/15/37 | &nbsp;&nbsp; 255 | 292113 |
| Bayer U.S. Finance II LLC |  |  |
| 3.95%, 04/15/45<sup>(b)</sup> | &nbsp;&nbsp; 113 | 85979 |
| 4.40%, 07/15/44<sup>(b)</sup> | &nbsp;&nbsp; 140 | 114925 |
| 4.63%, 06/25/38<sup>(b)</sup> | &nbsp;&nbsp; 110 | 102164 |
| 4.70%, 07/15/64<sup>(b)</sup> | &nbsp;&nbsp; 81 | 63403 |
| 4.88%, 06/25/48<sup>(b)</sup> | &nbsp;&nbsp; 85 | 72923 |
| Bayer U.S. Finance LLC, 6.88%, 11/21/53<sup>(b)</sup> | &nbsp;&nbsp; 80 | 87615 |
| Becton Dickinson & Co., 3.79%, 05/20/50 | &nbsp;&nbsp; 55 | 42348 |
| Bristol-Myers Squibb Co. |  |  |
| 2.35%, 11/13/40 | &nbsp;&nbsp; 105 | 75791 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 2.55%, 11/13/50 | &nbsp;&nbsp; $140 | $84440 |
| 3.25%, 08/01/42 | &nbsp;&nbsp; 75 | 58846 |
| 3.55%, 03/15/42 | &nbsp;&nbsp; 100 | 82121 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 245 | 182781 |
| 3.90%, 03/15/62 | &nbsp;&nbsp; 70 | 51438 |
| 4.13%, 06/15/39 | &nbsp;&nbsp; 220 | 202321 |
| 4.25%, 10/26/49 | &nbsp;&nbsp; 375 | 311843 |
| 4.35%, 11/15/47 | &nbsp;&nbsp; 80 | 68504 |
| 4.50%, 03/01/44 | &nbsp;&nbsp; 35 | 31562 |
| 4.55%, 02/20/48 | &nbsp;&nbsp; 130 | 113812 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 105 | 95975 |
| 5.00%, 08/15/45 | &nbsp;&nbsp; 85 | 81005 |
| 5.50%, 02/22/44 | &nbsp;&nbsp; 55 | 56089 |
| 5.55%, 02/22/54 | &nbsp;&nbsp; 245 | 243008 |
| 5.65%, 02/22/64 | &nbsp;&nbsp; 20 | 20085 |
| Cardinal Health, Inc. |  |  |
| 4.37%, 06/15/47 | &nbsp;&nbsp; 61 | 51493 |
| 4.50%, 11/15/44 | &nbsp;&nbsp; 35 | 30529 |
| 4.60%, 03/15/43 | &nbsp;&nbsp; 40 | 35926 |
| 4.90%, 09/15/45 | &nbsp;&nbsp; 35 | 32054 |
| 5.75%, 11/15/54 | &nbsp;&nbsp; 60 | 60479 |
| Cencora, Inc. |  |  |
| 4.25%, 03/01/45 | &nbsp;&nbsp; 55 | 47493 |
| 4.30%, 12/15/47 | &nbsp;&nbsp; 50 | 43040 |
| 5.65%, 02/13/56 | &nbsp;&nbsp; 35 | 35157 |
| CVS Health Corp. |  |  |
| 2.70%, 08/21/40 | &nbsp;&nbsp; 40 | 29208 |
| 4.13%, 04/01/40 | &nbsp;&nbsp; 90 | 78159 |
| 4.25%, 04/01/50 | &nbsp;&nbsp; 55 | 43477 |
| 4.78%, 03/25/38 | &nbsp;&nbsp; 425 | 405579 |
| 5.05%, 03/25/48 | &nbsp;&nbsp; 785 | 699733 |
| 5.13%, 07/20/45 | &nbsp;&nbsp; 295 | 269684 |
| 5.30%, 12/05/43 | &nbsp;&nbsp; 95 | 89543 |
| 5.63%, 02/21/53 | &nbsp;&nbsp; 140 | 133231 |
| 5.88%, 06/01/53 | &nbsp;&nbsp; 145 | 141965 |
| 6.00%, 06/01/44 | &nbsp;&nbsp; 70 | 71054 |
| 6.00%, 06/01/63 | &nbsp;&nbsp; 75 | 73285 |
| 6.05%, 06/01/54 | &nbsp;&nbsp; 90 | 90410 |
| 6.13%, 09/15/39 | &nbsp;&nbsp; 55 | 58292 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 100 | 102539 |
| 6.25%, 09/15/65 | &nbsp;&nbsp; 50 | 50637 |
| Eli Lilly & Co. |  |  |
| 2.25%, 05/15/50 | &nbsp;&nbsp; 150 | 87662 |
| 2.50%, 09/15/60 | &nbsp;&nbsp; 85 | 46858 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 35 | 28430 |
| 3.95%, 05/15/47 | &nbsp;&nbsp; 40 | 33121 |
| 3.95%, 03/15/49 | &nbsp;&nbsp; 100 | 81605 |
| 4.15%, 03/15/59 | &nbsp;&nbsp; 55 | 44254 |
| 4.88%, 02/27/53 | &nbsp;&nbsp; 120 | 110462 |
| 4.95%, 02/27/63 | &nbsp;&nbsp; 85 | 77206 |
| 5.00%, 02/09/54 | &nbsp;&nbsp; 160 | 150387 |
| 5.05%, 08/14/54 | &nbsp;&nbsp; 115 | 108458 |
| 5.10%, 02/09/64 | &nbsp;&nbsp; 150 | 139292 |
| 5.20%, 08/14/64 | &nbsp;&nbsp; 75 | 70677 |
| 5.50%, 02/12/55 | &nbsp;&nbsp; 95 | 95700 |
| 5.55%, 03/15/37 | &nbsp;&nbsp; 45 | 48811 |
| 5.55%, 10/15/55 | &nbsp;&nbsp; 90 | 91431 |
| 5.60%, 02/12/65 | &nbsp;&nbsp; 85 | 85758 |
| 5.65%, 10/15/65 | &nbsp;&nbsp; 95 | 96121 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| GlaxoSmithKline Capital, Inc. |  |  |
| 4.20%, 03/18/43 | &nbsp;&nbsp; $28 | $25103 |
| 6.38%, 05/15/38 | &nbsp;&nbsp; 292 | 333050 |
| Johnson & Johnson |  |  |
| 2.10%, 09/01/40 | &nbsp;&nbsp; 110 | 79190 |
| 2.25%, 09/01/50 | &nbsp;&nbsp; 70 | 41920 |
| 2.45%, 09/01/60 | &nbsp;&nbsp; 95 | 53144 |
| 3.40%, 01/15/38 | &nbsp;&nbsp; 120 | 106977 |
| 3.50%, 01/15/48 | &nbsp;&nbsp; 48 | 37532 |
| 3.55%, 03/01/36 | &nbsp;&nbsp; 120 | 111783 |
| 3.63%, 03/03/37 | &nbsp;&nbsp; 212 | 195194 |
| 3.70%, 03/01/46 | &nbsp;&nbsp; 205 | 168371 |
| 3.75%, 03/03/47 | &nbsp;&nbsp; 135 | 110093 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 45 | 43885 |
| 4.50%, 12/05/43 | &nbsp;&nbsp; 40 | 37833 |
| 4.85%, 05/15/41 | &nbsp;&nbsp; 30 | 30091 |
| 5.25%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 50 | 50643 |
| 5.85%, 07/15/38 | &nbsp;&nbsp; 75 | 83520 |
| 5.95%, 08/15/37 | &nbsp;&nbsp; 60 | 67312 |
| Mead Johnson Nutrition Co., 4.60%, 06/01/44 | &nbsp;&nbsp; 55 | 50066 |
| Merck & Co., Inc. |  |  |
| 2.35%, 06/24/40 | &nbsp;&nbsp; 100 | 73174 |
| 2.45%, 06/24/50 | &nbsp;&nbsp; 145 | 86946 |
| 2.75%, 12/10/51 | &nbsp;&nbsp; 150 | 94178 |
| 2.90%, 12/10/61 | &nbsp;&nbsp; 165 | 97724 |
| 3.60%, 09/15/42 | &nbsp;&nbsp; 75 | 61868 |
| 3.70%, 02/10/45 | &nbsp;&nbsp; 195 | 157366 |
| 3.90%, 03/07/39 | &nbsp;&nbsp; 90 | 81797 |
| 4.00%, 03/07/49 | &nbsp;&nbsp; 155 | 125934 |
| 4.15%, 05/18/43 | &nbsp;&nbsp; 125 | 109700 |
| 4.90%, 05/17/44 | &nbsp;&nbsp; 45 | 42817 |
| 5.00%, 05/17/53 | &nbsp;&nbsp; 145 | 134790 |
| 5.15%, 05/17/63 | &nbsp;&nbsp; 85 | 78983 |
| 5.50%, 03/15/46 | &nbsp;&nbsp; 75 | 75894 |
| 5.55%, 12/04/55 | &nbsp;&nbsp; 105 | 105204 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 95 | 96894 |
| 5.70%, 12/04/65 | &nbsp;&nbsp; 100 | 100418 |
| 6.55%, 09/15/37 | &nbsp;&nbsp; 35 | 40431 |
| Merck Sharp & Dohme Corp., 5.75%, 11/15/36 | &nbsp;&nbsp; 45 | 49547 |
| Mylan, Inc. |  |  |
| 5.20%, 04/15/48 | &nbsp;&nbsp; 75 | 62005 |
| 5.40%, 11/29/43 | &nbsp;&nbsp; 40 | 35206 |
| Novartis Capital Corp. |  |  |
| 2.75%, 08/14/50 | &nbsp;&nbsp; 130 | 85148 |
| 3.70%, 09/21/42 | &nbsp;&nbsp; 50 | 42117 |
| 4.00%, 11/20/45 | &nbsp;&nbsp; 110 | 93890 |
| 4.40%, 05/06/44 | &nbsp;&nbsp; 180 | 163679 |
| 4.70%, 09/18/54 | &nbsp;&nbsp; 70 | 63266 |
| 5.20%, 11/05/45 | &nbsp;&nbsp; 50 | 49495 |
| 5.30%, 11/05/55 | &nbsp;&nbsp; 50 | 49494 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 5.11%, 05/19/43 | &nbsp;&nbsp; 300 | 291660 |
| 5.30%, 05/19/53 | &nbsp;&nbsp; 640 | 613107 |
| 5.34%, 05/19/63 | &nbsp;&nbsp; 390 | 365761 |
| Pfizer, Inc. |  |  |
| 2.55%, 05/28/40 | &nbsp;&nbsp; 110 | 82460 |
| 2.70%, 05/28/50 | &nbsp;&nbsp; 87 | 55696 |
| 3.90%, 03/15/39 | &nbsp;&nbsp; 70 | 62979 |
| 4.00%, 12/15/36<sup>(a)</sup> | &nbsp;&nbsp; 105 | 99530 |
| 4.00%, 03/15/49 | &nbsp;&nbsp; 140 | 113504 |
| 4.10%, 09/15/38 | &nbsp;&nbsp; 70 | 65036 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.13%, 12/15/46 | &nbsp;&nbsp; $140 | $117432 |
| 4.20%, 09/15/48 | &nbsp;&nbsp; 115 | 96789 |
| 4.30%, 06/15/43 | &nbsp;&nbsp; 50 | 44570 |
| 4.40%, 05/15/44 | &nbsp;&nbsp; 70 | 63559 |
| 5.60%, 09/15/40 | &nbsp;&nbsp; 105 | 110610 |
| 5.60%, 11/15/55 | &nbsp;&nbsp; 15 | 15133 |
| 7.20%, 03/15/39 | &nbsp;&nbsp; 240 | 289768 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| 3.03%, 07/09/40 | &nbsp;&nbsp; 200 | 156062 |
| 3.18%, 07/09/50 | &nbsp;&nbsp; 200 | 137230 |
| 3.38%, 07/09/60 | &nbsp;&nbsp; 200 | 131358 |
| Takeda U.S. Financing, Inc., 5.90%, 07/07/55 | &nbsp;&nbsp; 200 | 206790 |
| Teva Pharmaceutical Finance Netherlands III BV, <br> 4.10%, 10/01/46<br>| &nbsp;&nbsp; 250 | 192389 |
| Utah Acquisition Sub, Inc., 5.25%, 06/15/46 | &nbsp;&nbsp; 65 | 54783 |
| Viatris, Inc. |  |  |
| 3.85%, 06/22/40 | &nbsp;&nbsp; 150 | 118132 |
| 4.00%, 06/22/50 | &nbsp;&nbsp; 200 | 136866 |
| Wyeth LLC, 5.95%, 04/01/37 | &nbsp;&nbsp; 235 | 257064 |
| Zoetis, Inc. |  |  |
| 3.00%, 05/15/50 | &nbsp;&nbsp; 40 | 27089 |
| 3.95%, 09/12/47 | &nbsp;&nbsp; 55 | 45277 |
| 4.45%, 08/20/48 | &nbsp;&nbsp; 40 | 35033 |
| 4.70%, 02/01/43 | &nbsp;&nbsp; 120 | 111473 |
|  |  | 17667456 |
| **Pipelines — 2.1%** | **Pipelines — 2.1%** | **Pipelines — 2.1%** |
| Abu Dhabi Crude Oil Pipeline LLC, 4.60%, 11/02/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 185820 |
| Buckeye Partners LP |  |  |
| 5.60%, 10/15/44 | &nbsp;&nbsp; 35 | 32080 |
| 5.85%, 11/15/43 | &nbsp;&nbsp; 45 | 42318 |
| Cameron LNG LLC |  |  |
| 3.40%, 01/15/38<sup>(b)</sup> | &nbsp;&nbsp; 60 | 53409 |
| 3.70%, 01/15/39<sup>(b)</sup> | &nbsp;&nbsp; 90 | 78236 |
| Cheniere Corpus Christi Holdings LLC, 2.74%, <br> 12/31/39<br>| &nbsp;&nbsp; 45 | 39185 |
| Colonial Pipeline Co. |  |  |
| 4.20%, 04/15/43<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4037 |
| 4.25%, 04/15/48<sup>(b)</sup> | &nbsp;&nbsp; 65 | 51307 |
| Columbia Pipeline Group, Inc., 5.80%, 06/01/45 | &nbsp;&nbsp; 50 | 50823 |
| Columbia Pipelines Operating Co. LLC |  |  |
| 5.70%, 10/01/54<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24659 |
| 5.96%, 02/15/55<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25347 |
| 6.50%, 08/15/43<sup>(b)</sup> | &nbsp;&nbsp; 70 | 75638 |
| 6.54%, 11/15/53<sup>(b)</sup> | &nbsp;&nbsp; 155 | 169243 |
| 6.71%, 08/15/63<sup>(b)</sup> | &nbsp;&nbsp; 40 | 44453 |
| DCP Midstream Operating LP |  |  |
| 5.60%, 04/01/44 | &nbsp;&nbsp; 35 | 34669 |
| 6.45%, 11/03/36<sup>(b)</sup> | &nbsp;&nbsp; 35 | 38269 |
| 6.75%, 09/15/37<sup>(b)</sup> | &nbsp;&nbsp; 45 | 49995 |
| Eastern Energy Gas Holdings LLC |  |  |
| 5.65%, 10/15/54 | &nbsp;&nbsp; 45 | 44409 |
| 6.20%, 01/15/55<sup>(a)</sup> | &nbsp;&nbsp; 35 | 37258 |
| Eastern Gas Transmission & Storage, Inc. |  |  |
| 4.60%, 12/15/44 | &nbsp;&nbsp; 55 | 48532 |
| 4.80%, 11/01/43 | &nbsp;&nbsp; 35 | 32009 |
| EIG Pearl Holdings SARL, 4.39%, 11/30/46<sup>(f)</sup> | &nbsp;&nbsp; 200 | 169467 |
| Enbridge Energy Partners LP |  |  |
| 5.50%, 09/15/40 | &nbsp;&nbsp; 56 | 56685 |
| 7.38%, 10/15/45 | &nbsp;&nbsp; 50 | 59139 |
| Series B, 7.50%, 04/15/38 | &nbsp;&nbsp; 40 | 47899 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Enbridge, Inc. |  |  |
| 3.40%, 08/01/51 | &nbsp;&nbsp; $60 | $41929 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 30 | 23510 |
| 4.50%, 06/10/44 | &nbsp;&nbsp; 25 | 21749 |
| 5.50%, 12/01/46 | &nbsp;&nbsp; 93 | 92031 |
| 5.95%, 04/05/54 | &nbsp;&nbsp; 125 | 128914 |
| 6.70%, 11/15/53 | &nbsp;&nbsp; 130 | 146127 |
| Energy Transfer LP |  |  |
| 4.95%, 01/15/43 | &nbsp;&nbsp; 35 | 31822 |
| 5.00%, 05/15/44 | &nbsp;&nbsp; 60 | 53716 |
| 5.00%, 05/15/50 | &nbsp;&nbsp; 140 | 119657 |
| 5.15%, 02/01/43 | &nbsp;&nbsp; 70 | 64350 |
| 5.15%, 03/15/45 | &nbsp;&nbsp; 110 | 99671 |
| 5.30%, 04/01/44 | &nbsp;&nbsp; 80 | 74619 |
| 5.30%, 04/15/47 | &nbsp;&nbsp; 125 | 114023 |
| 5.35%, 05/15/45 | &nbsp;&nbsp; 70 | 64557 |
| 5.40%, 10/01/47 | &nbsp;&nbsp; 160 | 147439 |
| 5.95%, 10/01/43 | &nbsp;&nbsp; 90 | 90827 |
| 5.95%, 05/15/54 | &nbsp;&nbsp; 185 | 178486 |
| 6.00%, 06/15/48 | &nbsp;&nbsp; 115 | 113460 |
| 6.05%, 06/01/41 | &nbsp;&nbsp; 35 | 36089 |
| 6.05%, 09/01/54 | &nbsp;&nbsp; 145 | 141988 |
| 6.10%, 02/15/42 | &nbsp;&nbsp; 40 | 41036 |
| 6.13%, 12/15/45 | &nbsp;&nbsp; 85 | 86028 |
| 6.20%, 04/01/55 | &nbsp;&nbsp; 55 | 55045 |
| 6.25%, 04/15/49 | &nbsp;&nbsp; 130 | 131441 |
| 6.50%, 02/01/42 | &nbsp;&nbsp; 120 | 128543 |
| 6.63%, 10/15/36 | &nbsp;&nbsp; 55 | 61442 |
| 7.50%, 07/01/38 | &nbsp;&nbsp; 60 | 70650 |
| Series 20Y, 5.80%, 06/15/38 | &nbsp;&nbsp; 60 | 62392 |
| Enterprise Products Operating LLC |  |  |
| 3.20%, 02/15/52 | &nbsp;&nbsp; 120 | 80837 |
| 3.30%, 02/15/53 | &nbsp;&nbsp; 75 | 51061 |
| 3.70%, 01/31/51 | &nbsp;&nbsp; 115 | 86124 |
| 3.95%, 01/31/60 | &nbsp;&nbsp; 60 | 44659 |
| 4.20%, 01/31/50 | &nbsp;&nbsp; 135 | 110821 |
| 4.25%, 02/15/48 | &nbsp;&nbsp; 135 | 112560 |
| 4.45%, 02/15/43 | &nbsp;&nbsp; 65 | 58211 |
| 4.80%, 02/01/49 | &nbsp;&nbsp; 130 | 116859 |
| 4.85%, 08/15/42 | &nbsp;&nbsp; 93 | 87749 |
| 4.85%, 03/15/44 | &nbsp;&nbsp; 125 | 116429 |
| 4.90%, 05/15/46 | &nbsp;&nbsp; 110 | 101892 |
| 4.95%, 10/15/54 | &nbsp;&nbsp; 50 | 45197 |
| 5.10%, 02/15/45 | &nbsp;&nbsp; 95 | 90779 |
| 5.55%, 02/16/55 | &nbsp;&nbsp; 140 | 138438 |
| 5.70%, 02/15/42 | &nbsp;&nbsp; 75 | 77857 |
| 5.95%, 02/01/41 | &nbsp;&nbsp; 75 | 80113 |
| 6.13%, 10/15/39 | &nbsp;&nbsp; 70 | 76723 |
| 6.45%, 09/01/40 | &nbsp;&nbsp; 40 | 45038 |
| 7.55%, 04/15/38 | &nbsp;&nbsp; 56 | 68535 |
| Flex Intermediate Holdco LLC, 4.32%, 12/30/39<sup>(b)</sup> | &nbsp;&nbsp; 45 | 38718 |
| FLNG Liquefaction 2 LLC, 4.13%, 03/31/38<sup>(b)</sup> | &nbsp;&nbsp; 65 | 61686 |
| Galaxy Pipeline Assets Bidco Ltd. |  |  |
| 2.94%, 09/30/40<sup>(f)</sup> | &nbsp;&nbsp; 173 | 148479 |
| 3.25%, 09/30/40<sup>(f)</sup> | &nbsp;&nbsp; 200 | 163647 |
| Greensaif Pipelines Bidco SARL |  |  |
| 6.13%, 02/23/38<sup>(f)</sup> | &nbsp;&nbsp; 200 | 212645 |
| 6.51%, 02/23/42<sup>(f)</sup> | &nbsp;&nbsp; 200 | 218611 |
| Kinder Morgan Energy Partners LP |  |  |
| 4.70%, 11/01/42 | &nbsp;&nbsp; 55 | 50046 |
| 5.00%, 08/15/42 | &nbsp;&nbsp; 75 | 70808 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.00%, 03/01/43 | &nbsp;&nbsp; $80 | $74642 |
| 5.40%, 09/01/44 | &nbsp;&nbsp; 65 | 62906 |
| 5.50%, 03/01/44 | &nbsp;&nbsp; 55 | 54045 |
| 5.63%, 09/01/41 | &nbsp;&nbsp; 30 | 30198 |
| 6.38%, 03/01/41 | &nbsp;&nbsp; 70 | 76459 |
| 6.50%, 02/01/37 | &nbsp;&nbsp; 25 | 27998 |
| 6.50%, 09/01/39 | &nbsp;&nbsp; 80 | 88713 |
| 6.55%, 09/15/40 | &nbsp;&nbsp; 45 | 50013 |
| 6.95%, 01/15/38 | &nbsp;&nbsp; 90 | 103804 |
| 7.50%, 11/15/40 | &nbsp;&nbsp; 15 | 18172 |
| Kinder Morgan, Inc. |  |  |
| 3.25%, 08/01/50 | &nbsp;&nbsp; 35 | 23564 |
| 3.60%, 02/15/51 | &nbsp;&nbsp; 115 | 82591 |
| 5.05%, 02/15/46 | &nbsp;&nbsp; 85 | 78393 |
| 5.20%, 03/01/48 | &nbsp;&nbsp; 80 | 74829 |
| 5.45%, 08/01/52 | &nbsp;&nbsp; 55 | 52242 |
| 5.55%, 06/01/45 | &nbsp;&nbsp; 175 | 172914 |
| 5.95%, 08/01/54 | &nbsp;&nbsp; 75 | 76639 |
| MPLX LP |  |  |
| 4.50%, 04/15/38 | &nbsp;&nbsp; 165 | 153367 |
| 4.70%, 04/15/48 | &nbsp;&nbsp; 210 | 177363 |
| 4.90%, 04/15/58 | &nbsp;&nbsp; 40 | 33284 |
| 4.95%, 03/14/52 | &nbsp;&nbsp; 120 | 103353 |
| 5.20%, 03/01/47 | &nbsp;&nbsp; 115 | 104975 |
| 5.20%, 12/01/47 | &nbsp;&nbsp; 60 | 54537 |
| 5.50%, 02/15/49 | &nbsp;&nbsp; 167 | 156627 |
| 5.65%, 03/01/53 | &nbsp;&nbsp; 60 | 56705 |
| 5.95%, 04/01/55 | &nbsp;&nbsp; 75 | 73603 |
| 6.10%, 04/01/56 | &nbsp;&nbsp; 45 | 45007 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 85 | 86326 |
| NGPL PipeCo LLC, 7.77%, 12/15/37<sup>(b)</sup> | &nbsp;&nbsp; 53 | 63383 |
| Northern Natural Gas Co. |  |  |
| 3.40%, 10/16/51<sup>(b)</sup> | &nbsp;&nbsp; 75 | 52004 |
| 4.30%, 01/15/49<sup>(b)</sup> | &nbsp;&nbsp; 85 | 70513 |
| 5.63%, 02/01/54<sup>(b)</sup> | &nbsp;&nbsp; 60 | 59102 |
| ONEOK Partners LP |  |  |
| 6.13%, 02/01/41 | &nbsp;&nbsp; 55 | 57858 |
| 6.20%, 09/15/43 | &nbsp;&nbsp; 40 | 41474 |
| 6.65%, 10/01/36 | &nbsp;&nbsp; 65 | 72237 |
| 6.85%, 10/15/37 | &nbsp;&nbsp; 60 | 67461 |
| ONEOK, Inc. |  |  |
| 3.95%, 03/01/50 | &nbsp;&nbsp; 65 | 47893 |
| 4.20%, 10/03/47 | &nbsp;&nbsp; 85 | 67071 |
| 4.25%, 09/15/46 | &nbsp;&nbsp; 80 | 63889 |
| 4.45%, 09/01/49 | &nbsp;&nbsp; 85 | 70146 |
| 4.50%, 03/15/50 | &nbsp;&nbsp; 60 | 49680 |
| 4.85%, 02/01/49 | &nbsp;&nbsp; 45 | 38695 |
| 4.95%, 07/13/47 | &nbsp;&nbsp; 90 | 79877 |
| 5.05%, 04/01/45 | &nbsp;&nbsp; 49 | 43808 |
| 5.15%, 10/15/43 | &nbsp;&nbsp; 50 | 46290 |
| 5.20%, 07/15/48 | &nbsp;&nbsp; 110 | 100025 |
| 5.45%, 06/01/47 | &nbsp;&nbsp; 50 | 47183 |
| 5.60%, 04/01/44 | &nbsp;&nbsp; 40 | 38406 |
| 5.70%, 11/01/54 | &nbsp;&nbsp; 110 | 103671 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 50 | 47414 |
| 6.25%, 10/15/55 | &nbsp;&nbsp; 100 | 101128 |
| 6.63%, 09/01/53 | &nbsp;&nbsp; 145 | 153727 |
| 7.15%, 01/15/51 | &nbsp;&nbsp; 35 | 39349 |
| Plains All American Pipeline LP/PAA Finance Corp. |  |  |
| 4.30%, 01/31/43 | &nbsp;&nbsp; 35 | 29439 |
| 4.70%, 06/15/44 | &nbsp;&nbsp; 85 | 74148 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 4.90%, 02/15/45 | &nbsp;&nbsp; $65 | $58025 |
| 5.15%, 06/01/42 | &nbsp;&nbsp; 65 | 60744 |
| 6.65%, 01/15/37 | &nbsp;&nbsp; 30 | 33163 |
| Rockies Express Pipeline LLC |  |  |
| 6.88%, 04/15/40<sup>(b)</sup> | &nbsp;&nbsp; 55 | 56590 |
| 7.50%, 07/15/38<sup>(b)</sup> | &nbsp;&nbsp; 28 | 30471 |
| Sabal Trail Transmission LLC |  |  |
| 4.68%, 05/01/38<sup>(b)</sup> | &nbsp;&nbsp; 65 | 62748 |
| 4.83%, 05/01/48<sup>(b)</sup> | &nbsp;&nbsp; 45 | 40049 |
| Sabine Pass Liquefaction LLC, 5.90%, 09/15/37 | &nbsp;&nbsp; 53 | 57031 |
| South Bow USA Infrastructure Holdings LLC, 6.18%, <br> 10/01/54<br>| &nbsp;&nbsp; 80 | 78337 |
| Southern Natural Gas Co. LLC, 4.80%, 03/15/47<sup>(b)</sup> | &nbsp;&nbsp; 55 | 49192 |
| Spectra Energy Partners LP |  |  |
| 4.50%, 03/15/45 | &nbsp;&nbsp; 85 | 73611 |
| 5.95%, 09/25/43 | &nbsp;&nbsp; 55 | 56844 |
| Targa Resources Corp. |  |  |
| 4.95%, 04/15/52 | &nbsp;&nbsp; 85 | 73388 |
| 5.40%, 07/30/36 | &nbsp;&nbsp; 90 | 91658 |
| 6.05%, 05/15/56 | &nbsp;&nbsp; 30 | 29928 |
| 6.13%, 05/15/55 | &nbsp;&nbsp; 80 | 80896 |
| 6.25%, 07/01/52 | &nbsp;&nbsp; 55 | 56297 |
| 6.50%, 02/15/53 | &nbsp;&nbsp; 90 | 95471 |
| Tennessee Gas Pipeline Co. LLC, 7.63%, 04/01/37 | &nbsp;&nbsp; 30 | 36143 |
| Texas Eastern Transmission LP, 4.15%, 01/15/48<sup>(b)</sup> | &nbsp;&nbsp; 44 | 35782 |
| TransCanada PipeLines Ltd. |  |  |
| 5.10%, 03/15/49 | &nbsp;&nbsp; 86 | 82046 |
| 5.85%, 03/15/36 | &nbsp;&nbsp; 45 | 47976 |
| 6.10%, 06/01/40 | &nbsp;&nbsp; 80 | 86215 |
| 6.20%, 10/15/37 | &nbsp;&nbsp; 115 | 125127 |
| 7.25%, 08/15/38 | &nbsp;&nbsp; 60 | 70472 |
| 7.63%, 01/15/39 | &nbsp;&nbsp; 130 | 157862 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| 3.95%, 05/15/50 | &nbsp;&nbsp; 60 | 47270 |
| 4.45%, 08/01/42 | &nbsp;&nbsp; 25 | 22421 |
| 4.60%, 03/15/48 | &nbsp;&nbsp; 65 | 56924 |
| 5.10%, 03/15/36<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25453 |
| 5.40%, 08/15/41 | &nbsp;&nbsp; 45 | 44923 |
| 5.75%, 03/15/56<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30171 |
| Western Midstream Operating LP |  |  |
| 5.25%, 02/01/50 | &nbsp;&nbsp; 90 | 78183 |
| 5.30%, 03/01/48 | &nbsp;&nbsp; 66 | 58259 |
| 5.45%, 04/01/44 | &nbsp;&nbsp; 65 | 59962 |
| 5.50%, 08/15/48 | &nbsp;&nbsp; 40 | 36141 |
| Williams Companies, Inc.(The) |  |  |
| 3.50%, 10/15/51 | &nbsp;&nbsp; 75 | 52972 |
| 4.85%, 03/01/48 | &nbsp;&nbsp; 90 | 79850 |
| 4.90%, 01/15/45 | &nbsp;&nbsp; 50 | 45688 |
| 5.10%, 09/15/45 | &nbsp;&nbsp; 135 | 126241 |
| 5.30%, 08/15/52 | &nbsp;&nbsp; 95 | 88605 |
| 5.40%, 03/04/44 | &nbsp;&nbsp; 60 | 58312 |
| 5.75%, 06/24/44 | &nbsp;&nbsp; 75 | 76014 |
| 5.80%, 11/15/43 | &nbsp;&nbsp; 55 | 55461 |
| 5.80%, 11/15/54 | &nbsp;&nbsp; 65 | 64732 |
| 5.95%, 03/15/56 | &nbsp;&nbsp; 70 | 71061 |
| 6.00%, 03/15/55 | &nbsp;&nbsp; 25 | 25634 |
| 6.30%, 04/15/40 | &nbsp;&nbsp; 110 | 119946 |
|  |  | 13440378 |
| **Private Equity — 0.1%** | **Private Equity — 0.1%** | **Private Equity — 0.1%** |
| Apollo Management Holdings LP, 5.00%, <br> 03/15/48<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 60 | 53923 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Private Equity (continued)** | **Private Equity (continued)** | **Private Equity (continued)** |
| Brookfield Finance, Inc., 5.81%, 03/03/55 | &nbsp;&nbsp; $40 | $39016 |
| Carlyle Finance LLC, 5.65%, 09/15/48<sup>(b)</sup> | &nbsp;&nbsp; 70 | 68629 |
| Carlyle Holdings II Finance LLC, 5.63%, 03/30/43<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39420 |
| KKR Group Finance Co. III LLC, 5.13%, 06/01/44<sup>(b)</sup> | &nbsp;&nbsp; 80 | 74089 |
| KKR Group Finance Co. VII LLC, 3.63%, 02/25/50<sup>(b)</sup> | &nbsp;&nbsp; 70 | 49659 |
| KKR Group Finance Co. VIII LLC, 3.50%, 08/25/50<sup>(b)</sup> | &nbsp;&nbsp; 85 | 58918 |
| KKR Group Finance Co. X LLC, 3.25%, 12/15/51<sup>(b)</sup> | &nbsp;&nbsp; 90 | 58747 |
|  |  | 442401 |
| **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** |
| China Overseas Finance Cayman V Ltd., 5.35%, <br> 11/15/42<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 193919 |
| Sinochem Overseas Capital Co. Ltd., 6.30%, <br> 11/12/40<sup>(b)</sup><br>| &nbsp;&nbsp; 100 | 116104 |
| Trust 2401, 6.39%, 01/15/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 193261 |
|  |  | 503284 |
| **Real Estate Investment Trusts — 0.5%** | **Real Estate Investment Trusts — 0.5%** | **Real Estate Investment Trusts — 0.5%** |
| Alexandria Real Estate Equities, Inc. |  |  |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 40 | 28707 |
| 4.00%, 02/01/50 | &nbsp;&nbsp; 70 | 53830 |
| 4.85%, 04/15/49 | &nbsp;&nbsp; 45 | 39336 |
| 5.15%, 04/15/53 | &nbsp;&nbsp; 55 | 49746 |
| 5.25%, 05/15/36 | &nbsp;&nbsp; 55 | 55287 |
| 5.63%, 05/15/54 | &nbsp;&nbsp; 55 | 53201 |
| American Homes 4 Rent LP |  |  |
| 3.38%, 07/15/51 | &nbsp;&nbsp; 35 | 23536 |
| 4.30%, 04/15/52 | &nbsp;&nbsp; 40 | 31529 |
| American Tower Corp. |  |  |
| 2.95%, 01/15/51 | &nbsp;&nbsp; 85 | 54908 |
| 3.10%, 06/15/50 | &nbsp;&nbsp; 70 | 46962 |
| 3.70%, 10/15/49 | &nbsp;&nbsp; 40 | 30244 |
| AvalonBay Communities, Inc. |  |  |
| 3.90%, 10/15/46 | &nbsp;&nbsp; 45 | 36663 |
| 4.15%, 07/01/47 | &nbsp;&nbsp; 30 | 25321 |
| 4.35%, 04/15/48 | &nbsp;&nbsp; 40 | 34590 |
| Camden Property Trust, 3.35%, 11/01/49 | &nbsp;&nbsp; 45 | 32345 |
| CFE Fibra E, 5.88%, 09/23/40<sup>(f)</sup> | &nbsp;&nbsp; 198 | 197612 |
| Crown Castle, Inc. |  |  |
| 2.90%, 04/01/41 | &nbsp;&nbsp; 110 | 81817 |
| 3.25%, 01/15/51 | &nbsp;&nbsp; 91 | 61280 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 35 | 26940 |
| 4.15%, 07/01/50 | &nbsp;&nbsp; 50 | 39693 |
| 4.75%, 05/15/47 | &nbsp;&nbsp; 41 | 36002 |
| 5.20%, 02/15/49 | &nbsp;&nbsp; 41 | 37575 |
| Equinix, Inc. |  |  |
| 2.95%, 09/15/51 | &nbsp;&nbsp; 70 | 44409 |
| 3.00%, 07/15/50 | &nbsp;&nbsp; 60 | 38818 |
| 3.40%, 02/15/52 | &nbsp;&nbsp; 25 | 17291 |
| ERP Operating LP |  |  |
| 4.00%, 08/01/47 | &nbsp;&nbsp; 20 | 16442 |
| 4.50%, 07/01/44 | &nbsp;&nbsp; 75 | 68262 |
| 4.50%, 06/01/45 | &nbsp;&nbsp; 55 | 48792 |
| Essex Portfolio LP |  |  |
| 2.65%, 09/01/50 | &nbsp;&nbsp; 40 | 24246 |
| 4.50%, 03/15/48 | &nbsp;&nbsp; 35 | 30009 |
| Federal Realty OP LP, 4.50%, 12/01/44 | &nbsp;&nbsp; 75 | 66495 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 5.75%, 11/01/37 | &nbsp;&nbsp; 50 | 49750 |
| 6.25%, 09/15/54 | &nbsp;&nbsp; 45 | 44947 |
| Goodman U.S. Finance Four LLC, 4.50%, 10/15/37<sup>(b)</sup> | &nbsp;&nbsp; 55 | 52237 |
| Healthpeak OP LLC, 6.75%, 02/01/41 | &nbsp;&nbsp; 40 | 44489 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Kimco Realty OP LLC |  |  |
| 3.70%, 10/01/49 | &nbsp;&nbsp; $10 | $7656 |
| 4.13%, 12/01/46 | &nbsp;&nbsp; 65 | 55104 |
| 4.25%, 04/01/45 | &nbsp;&nbsp; 20 | 17226 |
| 4.45%, 09/01/47 | &nbsp;&nbsp; 65 | 56594 |
| Mid-America Apartments LP, 2.88%, 09/15/51 | &nbsp;&nbsp; 35 | 22585 |
| NNN REIT, Inc. |  |  |
| 3.00%, 04/15/52 | &nbsp;&nbsp; 45 | 28888 |
| 3.10%, 04/15/50 | &nbsp;&nbsp; 40 | 26662 |
| 3.50%, 04/15/51 | &nbsp;&nbsp; 55 | 39743 |
| 4.80%, 10/15/48 | &nbsp;&nbsp; 30 | 27034 |
| Prologis LP |  |  |
| 2.13%, 10/15/50 | &nbsp;&nbsp; 55 | 30212 |
| 3.00%, 04/15/50 | &nbsp;&nbsp; 65 | 43489 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 30 | 20315 |
| 4.38%, 09/15/48 | &nbsp;&nbsp; 45 | 38440 |
| 5.25%, 06/15/53 | &nbsp;&nbsp; 80 | 77330 |
| 5.25%, 03/15/54 | &nbsp;&nbsp; 90 | 86685 |
| Public Storage Operating Co., 5.35%, 08/01/53 | &nbsp;&nbsp; 95 | 93015 |
| Realty Income Corp. |  |  |
| 4.65%, 03/15/47 | &nbsp;&nbsp; 75 | 67508 |
| 5.38%, 09/01/54 | &nbsp;&nbsp; 30 | 29393 |
| Regency Centers LP |  |  |
| 4.40%, 02/01/47 | &nbsp;&nbsp; 45 | 39184 |
| 4.65%, 03/15/49 | &nbsp;&nbsp; 40 | 35510 |
| Simon Property Group LP |  |  |
| 3.25%, 09/13/49 | &nbsp;&nbsp; 95 | 66734 |
| 3.80%, 07/15/50 | &nbsp;&nbsp; 70 | 53774 |
| 4.25%, 10/01/44 | &nbsp;&nbsp; 45 | 38674 |
| 4.25%, 11/30/46 | &nbsp;&nbsp; 55 | 46793 |
| 4.75%, 03/15/42 | &nbsp;&nbsp; 45 | 42275 |
| 5.85%, 03/08/53 | &nbsp;&nbsp; 69 | 71461 |
| 6.65%, 01/15/54 | &nbsp;&nbsp; 30 | 33999 |
| 6.75%, 02/01/40 | &nbsp;&nbsp; 71 | 82340 |
| Ventas Realty LP |  |  |
| 4.38%, 02/01/45 | &nbsp;&nbsp; 25 | 21553 |
| 4.88%, 04/15/49 | &nbsp;&nbsp; 55 | 49232 |
| 5.70%, 09/30/43 | &nbsp;&nbsp; 30 | 30699 |
| VICI Properties LP |  |  |
| 5.63%, 05/15/52 | &nbsp;&nbsp; 85 | 79944 |
| 6.13%, 04/01/54 | &nbsp;&nbsp; 50 | 50385 |
| WEA Finance LLC, 4.63%, 09/20/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 60 | 50439 |
| WEA Finance LLC/Westfield U.K. & Europe Finance <br> PLC, 4.75%, 09/17/44<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | 8807 |
| Welltower OP LLC |  |  |
| 4.95%, 09/01/48 | &nbsp;&nbsp; 55 | 51982 |
| 6.50%, 03/15/41 | &nbsp;&nbsp; 45 | 51082 |
| Weyerhaeuser Co., 4.00%, 03/09/52 | &nbsp;&nbsp; 65 | 50141 |
|  |  | 3346198 |
| **Retail — 1.2%** | **Retail — 1.2%** | **Retail — 1.2%** |
| 7-Eleven, Inc. |  |  |
| 2.50%, 02/10/41<sup>(b)</sup> | &nbsp;&nbsp; 80 | 56533 |
| 2.80%, 02/10/51<sup>(b)</sup> | &nbsp;&nbsp; 125 | 76732 |
| Alimentation Couche-Tard, Inc. |  |  |
| 3.44%, 05/13/41<sup>(b)</sup> | &nbsp;&nbsp; 80 | 65157 |
| 3.63%, 05/13/51<sup>(b)</sup> | &nbsp;&nbsp; 45 | 33197 |
| 3.80%, 01/25/50<sup>(b)</sup> | &nbsp;&nbsp; 30 | 22806 |
| 4.50%, 07/26/47<sup>(b)</sup> | &nbsp;&nbsp; 65 | 56011 |
| 5.62%, 02/12/54<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34976 |
| Bath & Body Works, Inc. |  |  |
| 6.75%, 07/01/36 | &nbsp;&nbsp; 65 | 65143 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 7.60%, 07/15/37 | &nbsp;&nbsp; $25 | $24954 |
| CK Hutchison International 20 Ltd., 3.38%, <br> 05/08/50<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 149013 |
| CK Hutchison International 21 Ltd., 3.13%, <br> 04/15/41<sup>(b)</sup><br>| &nbsp;&nbsp; 105 | 83070 |
| Darden Restaurants, Inc., 4.55%, 02/15/48 | &nbsp;&nbsp; 50 | 42025 |
| Dick's Sporting Goods, Inc., 4.10%, 01/15/52 | &nbsp;&nbsp; 90 | 65567 |
| Dollar General Corp. |  |  |
| 4.13%, 04/03/50 | &nbsp;&nbsp; 55 | 43509 |
| 5.50%, 11/01/52 | &nbsp;&nbsp; 40 | 39230 |
| Dollar Tree, Inc., 3.38%, 12/01/51 | &nbsp;&nbsp; 45 | 30373 |
| Home Depot, Inc.(The) |  |  |
| 2.38%, 03/15/51 | &nbsp;&nbsp; 100 | 58084 |
| 2.75%, 09/15/51 | &nbsp;&nbsp; 80 | 50292 |
| 3.13%, 12/15/49 | &nbsp;&nbsp; 130 | 89845 |
| 3.30%, 04/15/40 | &nbsp;&nbsp; 110 | 91177 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 175 | 125391 |
| 3.50%, 09/15/56 | &nbsp;&nbsp; 80 | 56670 |
| 3.63%, 04/15/52 | &nbsp;&nbsp; 175 | 129843 |
| 3.90%, 06/15/47 | &nbsp;&nbsp; 132 | 106313 |
| 4.20%, 04/01/43 | &nbsp;&nbsp; 110 | 96866 |
| 4.25%, 04/01/46 | &nbsp;&nbsp; 185 | 159030 |
| 4.40%, 03/15/45 | &nbsp;&nbsp; 110 | 97248 |
| 4.50%, 12/06/48 | &nbsp;&nbsp; 150 | 131137 |
| 4.88%, 02/15/44 | &nbsp;&nbsp; 70 | 66405 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 65 | 59966 |
| 5.30%, 06/25/54 | &nbsp;&nbsp; 165 | 160186 |
| 5.40%, 09/15/40 | &nbsp;&nbsp; 46 | 47726 |
| 5.40%, 06/25/64 | &nbsp;&nbsp; 25 | 24278 |
| 5.88%, 12/16/36 | &nbsp;&nbsp; 294 | 321165 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 102 | 111150 |
| Kohl's Corp., 5.55%, 07/17/45 | &nbsp;&nbsp; 50 | 33016 |
| Lowe's Companies, Inc. |  |  |
| 2.80%, 09/15/41 | &nbsp;&nbsp; 123 | 90247 |
| 3.00%, 10/15/50 | &nbsp;&nbsp; 195 | 126441 |
| 3.50%, 04/01/51 | &nbsp;&nbsp; 25 | 17754 |
| 3.70%, 04/15/46 | &nbsp;&nbsp; 138 | 106520 |
| 4.05%, 05/03/47 | &nbsp;&nbsp; 90 | 72377 |
| 4.25%, 04/01/52 | &nbsp;&nbsp; 170 | 135980 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 63 | 53747 |
| 4.45%, 04/01/62 | &nbsp;&nbsp; 80 | 63393 |
| 4.55%, 04/05/49 | &nbsp;&nbsp; 40 | 34169 |
| 4.65%, 04/15/42 | &nbsp;&nbsp; 60 | 55551 |
| 5.00%, 04/15/40 | &nbsp;&nbsp; 35 | 34459 |
| 5.13%, 04/15/50 | &nbsp;&nbsp; 70 | 64274 |
| 5.63%, 04/15/53 | &nbsp;&nbsp; 130 | 127940 |
| 5.75%, 07/01/53 | &nbsp;&nbsp; 60 | 60116 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 90 | 89168 |
| 5.85%, 04/01/63 | &nbsp;&nbsp; 50 | 49837 |
| Macy's Retail Holdings LLC |  |  |
| 4.30%, 02/15/43 | &nbsp;&nbsp; 25 | 18061 |
| 5.13%, 01/15/42 | &nbsp;&nbsp; 30 | 24890 |
| 6.38%, 03/15/37 | &nbsp;&nbsp; 20 | 18967 |
| Marks & Spencer PLC, 7.13%, 12/01/37<sup>(b)</sup> | &nbsp;&nbsp; 35 | 39265 |
| McDonald's Corp. |  |  |
| 3.63%, 05/01/43 | &nbsp;&nbsp; 60 | 48108 |
| 3.63%, 09/01/49 | &nbsp;&nbsp; 130 | 97785 |
| 3.70%, 02/15/42 | &nbsp;&nbsp; 50 | 41760 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 95 | 78267 |
| 4.45%, 03/01/47 | &nbsp;&nbsp; 100 | 87265 |
| 4.45%, 09/01/48 | &nbsp;&nbsp; 80 | 69299 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 4.60%, 05/26/45 | &nbsp;&nbsp; $55 | $49434 |
| 4.88%, 07/15/40 | &nbsp;&nbsp; 25 | 24476 |
| 4.88%, 12/09/45 | &nbsp;&nbsp; 180 | 166872 |
| 5.15%, 09/09/52 | &nbsp;&nbsp; 75 | 70681 |
| 5.45%, 08/14/53 | &nbsp;&nbsp; 80 | 78728 |
| 5.70%, 02/01/39 | &nbsp;&nbsp; 30 | 32246 |
| 6.30%, 10/15/37 | &nbsp;&nbsp; 90 | 101559 |
| 6.30%, 03/01/38 | &nbsp;&nbsp; 75 | 84117 |
| Nordstrom, Inc., 5.00%, 01/15/44 | &nbsp;&nbsp; 110 | 83801 |
| QVC, Inc., 5.95%, 03/15/43 | &nbsp;&nbsp; 30 | 12833 |
| Starbucks Corp. |  |  |
| 3.35%, 03/12/50 | &nbsp;&nbsp; 55 | 38727 |
| 3.50%, 11/15/50 | &nbsp;&nbsp; 115 | 82959 |
| 3.75%, 12/01/47 | &nbsp;&nbsp; 65 | 50194 |
| 4.30%, 06/15/45 | &nbsp;&nbsp; 50 | 43096 |
| 4.45%, 08/15/49 | &nbsp;&nbsp; 70 | 59672 |
| 4.50%, 11/15/48 | &nbsp;&nbsp; 75 | 64484 |
| Target Corp. |  |  |
| 2.95%, 01/15/52 | &nbsp;&nbsp; 140 | 91856 |
| 3.63%, 04/15/46 | &nbsp;&nbsp; 60 | 46939 |
| 3.90%, 11/15/47 | &nbsp;&nbsp; 65 | 52369 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 120 | 103265 |
| 4.80%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp; 110 | 100026 |
| 7.00%, 01/15/38 | &nbsp;&nbsp; 105 | 125013 |
| TJX Companies, Inc. (The), 4.50%, 04/15/50 | &nbsp;&nbsp; 70 | 61771 |
| Walmart, Inc. |  |  |
| 2.50%, 09/22/41 | &nbsp;&nbsp; 140 | 104102 |
| 2.65%, 09/22/51 | &nbsp;&nbsp; 175 | 112094 |
| 2.95%, 09/24/49 | &nbsp;&nbsp; 75 | 52120 |
| 3.63%, 12/15/47 | &nbsp;&nbsp; 20 | 15883 |
| 3.95%, 06/28/38 | &nbsp;&nbsp; 25 | 23637 |
| 4.00%, 04/11/43 | &nbsp;&nbsp; 65 | 57358 |
| 4.05%, 06/29/48 | &nbsp;&nbsp; 180 | 152150 |
| 4.30%, 04/22/44 | &nbsp;&nbsp; 60 | 55375 |
| 4.50%, 09/09/52 | &nbsp;&nbsp; 80 | 71234 |
| 4.50%, 04/15/53 | &nbsp;&nbsp; 110 | 98273 |
| 5.00%, 10/25/40 | &nbsp;&nbsp; 60 | 62007 |
| 5.63%, 04/01/40 | &nbsp;&nbsp; 85 | 92478 |
| 5.63%, 04/15/41 | &nbsp;&nbsp; 80 | 86251 |
| 6.20%, 04/15/38 | &nbsp;&nbsp; 80 | 91236 |
| 6.50%, 08/15/37 | &nbsp;&nbsp; 35 | 41068 |
| Yum! Brands, Inc. |  |  |
| 5.35%, 11/01/43 | &nbsp;&nbsp; 30 | 29293 |
| 6.88%, 11/15/37 | &nbsp;&nbsp; 40 | 44506 |
|  |  | 7423907 |
| **Semiconductors — 1.0%** | **Semiconductors — 1.0%** | **Semiconductors — 1.0%** |
| Advanced Micro Devices, Inc., 4.39%, 06/01/52 | &nbsp;&nbsp; 60 | 51303 |
| Analog Devices, Inc. |  |  |
| 2.80%, 10/01/41 | &nbsp;&nbsp; 70 | 52560 |
| 2.95%, 10/01/51 | &nbsp;&nbsp; 90 | 59509 |
| 5.30%, 12/15/45 | &nbsp;&nbsp; 50 | 49963 |
| 5.30%, 04/01/54 | &nbsp;&nbsp; 35 | 34227 |
| Applied Materials, Inc. |  |  |
| 2.75%, 06/01/50 | &nbsp;&nbsp; 50 | 33064 |
| 4.35%, 04/01/47 | &nbsp;&nbsp; 92 | 81369 |
| 5.85%, 06/15/41 | &nbsp;&nbsp; 60 | 64967 |
| Broadcom, Inc. |  |  |
| 3.19%, 11/15/36<sup>(b)</sup> | &nbsp;&nbsp; 315 | 271624 |
| 3.50%, 02/15/41 | &nbsp;&nbsp; 310 | 256953 |
| 3.75%, 02/15/51 | &nbsp;&nbsp; 185 | 142719 |
| 4.90%, 02/15/38 | &nbsp;&nbsp; 180 | 179059 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 4.93%, 05/15/37<sup>(b)</sup> | &nbsp;&nbsp; $240 | $239912 |
| 5.70%, 01/15/56 | &nbsp;&nbsp; 30 | 30828 |
| Foundry JV Holdco LLC |  |  |
| 6.20%, 01/25/37<sup>(b)</sup> | &nbsp;&nbsp; 200 | 213740 |
| 6.30%, 01/25/39<sup>(b)</sup> | &nbsp;&nbsp; 200 | 215496 |
| Intel Corp. |  |  |
| 2.80%, 08/12/41 | &nbsp;&nbsp; 85 | 60515 |
| 3.05%, 08/12/51 | &nbsp;&nbsp; 150 | 94197 |
| 3.10%, 02/15/60 | &nbsp;&nbsp; 160 | 91431 |
| 3.20%, 08/12/61 | &nbsp;&nbsp; 75 | 43429 |
| 3.25%, 11/15/49 | &nbsp;&nbsp; 190 | 124271 |
| 3.73%, 12/08/47 | &nbsp;&nbsp; 195 | 140933 |
| 4.10%, 05/19/46 | &nbsp;&nbsp; 146 | 113342 |
| 4.10%, 05/11/47 | &nbsp;&nbsp; 110 | 84819 |
| 4.25%, 12/15/42 | &nbsp;&nbsp; 70 | 58040 |
| 4.60%, 03/25/40 | &nbsp;&nbsp; 80 | 72696 |
| 4.75%, 03/25/50 | &nbsp;&nbsp; 220 | 183132 |
| 4.80%, 10/01/41 | &nbsp;&nbsp; 90 | 81366 |
| 4.90%, 07/29/45 | &nbsp;&nbsp; 60 | 52645 |
| 4.90%, 08/05/52 | &nbsp;&nbsp; 185 | 156069 |
| 4.95%, 03/25/60 | &nbsp;&nbsp; 105 | 86964 |
| 5.05%, 08/05/62 | &nbsp;&nbsp; 60 | 49876 |
| 5.60%, 02/21/54 | &nbsp;&nbsp; 55 | 51815 |
| 5.63%, 02/10/43 | &nbsp;&nbsp; 80 | 78469 |
| 5.70%, 02/10/53 | &nbsp;&nbsp; 185 | 175499 |
| 5.90%, 02/10/63 | &nbsp;&nbsp; 120 | 115170 |
| KLA Corp. |  |  |
| 3.30%, 03/01/50 | &nbsp;&nbsp; 80 | 56767 |
| 4.95%, 07/15/52 | &nbsp;&nbsp; 140 | 129681 |
| 5.00%, 03/15/49 | &nbsp;&nbsp; 50 | 46783 |
| 5.25%, 07/15/62 | &nbsp;&nbsp; 60 | 56535 |
| Lam Research Corp. |  |  |
| 2.88%, 06/15/50 | &nbsp;&nbsp; 60 | 39523 |
| 3.13%, 06/15/60 | &nbsp;&nbsp; 45 | 28479 |
| 4.88%, 03/15/49 | &nbsp;&nbsp; 75 | 69831 |
| Micron Technology, Inc. |  |  |
| 3.37%, 11/01/41 | &nbsp;&nbsp; 45 | 35742 |
| 3.48%, 11/01/51 | &nbsp;&nbsp; 45 | 32976 |
| NVIDIA Corp. |  |  |
| 3.50%, 04/01/40 | &nbsp;&nbsp; 96 | 82839 |
| 3.50%, 04/01/50 | &nbsp;&nbsp; 205 | 156183 |
| 3.70%, 04/01/60 | &nbsp;&nbsp; 30 | 22463 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 3.13%, 02/15/42 | &nbsp;&nbsp; 35 | 26060 |
| 3.25%, 05/11/41 | &nbsp;&nbsp; 95 | 73138 |
| 3.25%, 11/30/51 | &nbsp;&nbsp; 50 | 33536 |
| QUALCOMM, Inc. |  |  |
| 3.25%, 05/20/50 | &nbsp;&nbsp; 95 | 66290 |
| 4.30%, 05/20/47 | &nbsp;&nbsp; 82 | 69496 |
| 4.50%, 05/20/52 | &nbsp;&nbsp; 115 | 97277 |
| 4.80%, 05/20/45 | &nbsp;&nbsp; 180 | 165844 |
| 6.00%, 05/20/53 | &nbsp;&nbsp; 140 | 148014 |
| Texas Instruments, Inc. |  |  |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 95 | 59312 |
| 3.88%, 03/15/39 | &nbsp;&nbsp; 65 | 58784 |
| 4.10%, 08/16/52 | &nbsp;&nbsp; 25 | 20255 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 130 | 108982 |
| 5.00%, 03/14/53 | &nbsp;&nbsp; 65 | 60744 |
| 5.05%, 05/18/63 | &nbsp;&nbsp; 155 | 141726 |
| 5.15%, 02/08/54 | &nbsp;&nbsp; 75 | 72127 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| TSMC Arizona Corp., 3.25%, 10/25/51 | &nbsp;&nbsp; $215 | $168702 |
|  |  | 6020060 |
| **Software — 1.3%** | **Software — 1.3%** | **Software — 1.3%** |
| Fidelity National Information Services, Inc. |  |  |
| 3.10%, 03/01/41 | &nbsp;&nbsp; 40 | 29513 |
| 4.50%, 08/15/46 | &nbsp;&nbsp; 35 | 29623 |
| Fiserv, Inc., 4.40%, 07/01/49 | &nbsp;&nbsp; 185 | 146480 |
| Intuit, Inc., 5.50%, 09/15/53 | &nbsp;&nbsp; 115 | 108809 |
| Microsoft Corp. |  |  |
| 2.50%, 09/15/50 | &nbsp;&nbsp; 170 | 105142 |
| 2.53%, 06/01/50 | &nbsp;&nbsp; 644 | 399458 |
| 2.68%, 06/01/60 | &nbsp;&nbsp; 299 | 173411 |
| 2.92%, 03/17/52 | &nbsp;&nbsp; 570 | 378993 |
| 3.04%, 03/17/62 | &nbsp;&nbsp; 182 | 114218 |
| 3.45%, 08/08/36 | &nbsp;&nbsp; 175 | 161607 |
| 3.50%, 11/15/42 | &nbsp;&nbsp; 65 | 54373 |
| 3.70%, 08/08/46 | &nbsp;&nbsp; 125 | 101781 |
| 3.75%, 02/12/45 | &nbsp;&nbsp; 65 | 54223 |
| 3.95%, 08/08/56 | &nbsp;&nbsp; 40 | 31829 |
| 4.00%, 02/12/55 | &nbsp;&nbsp; 45 | 36370 |
| 4.10%, 02/06/37 | &nbsp;&nbsp; 115 | 112359 |
| 4.25%, 02/06/47 | &nbsp;&nbsp; 130 | 115294 |
| 4.45%, 11/03/45 | &nbsp;&nbsp; 150 | 138895 |
| 4.50%, 10/01/40 | &nbsp;&nbsp; 85 | 83919 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 95 | 86798 |
| 4.50%, 02/06/57 | &nbsp;&nbsp; 40 | 35890 |
| 5.20%, 06/01/39 | &nbsp;&nbsp; 20 | 21199 |
| 5.30%, 02/08/41 | &nbsp;&nbsp; 45 | 47064 |
| MSCI, Inc., 5.15%, 03/15/36 | &nbsp;&nbsp; 50 | 49514 |
| Oracle Corp. |  |  |
| 3.60%, 04/01/40 | &nbsp;&nbsp; 315 | 236483 |
| 3.60%, 04/01/50 | &nbsp;&nbsp; 470 | 293891 |
| 3.65%, 03/25/41 | &nbsp;&nbsp; 240 | 178256 |
| 3.80%, 11/15/37 | &nbsp;&nbsp; 165 | 135845 |
| 3.85%, 07/15/36 | &nbsp;&nbsp; 130 | 110879 |
| 3.85%, 04/01/60 | &nbsp;&nbsp; 320 | 194619 |
| 3.95%, 03/25/51 | &nbsp;&nbsp; 350 | 231284 |
| 4.00%, 07/15/46 | &nbsp;&nbsp; 315 | 219997 |
| 4.00%, 11/15/47 | &nbsp;&nbsp; 240 | 165326 |
| 4.10%, 03/25/61 | &nbsp;&nbsp; 140 | 89645 |
| 4.13%, 05/15/45 | &nbsp;&nbsp; 140 | 101189 |
| 4.38%, 05/15/55 | &nbsp;&nbsp; 135 | 93395 |
| 4.50%, 07/08/44 | &nbsp;&nbsp; 125 | 96288 |
| 5.38%, 07/15/40 | &nbsp;&nbsp; 180 | 164532 |
| 5.38%, 09/27/54 | &nbsp;&nbsp; 145 | 116944 |
| 5.50%, 09/27/64 | &nbsp;&nbsp; 105 | 83248 |
| 5.55%, 02/06/53 | &nbsp;&nbsp; 220 | 183650 |
| 5.88%, 09/26/45 | &nbsp;&nbsp; 205 | 185362 |
| 5.95%, 09/26/55 | &nbsp;&nbsp; 250 | 219833 |
| 6.00%, 08/03/55 | &nbsp;&nbsp; 150 | 131930 |
| 6.10%, 09/26/65 | &nbsp;&nbsp; 225 | 194863 |
| 6.13%, 07/08/39 | &nbsp;&nbsp; 145 | 143442 |
| 6.13%, 08/03/65 | &nbsp;&nbsp; 95 | 82182 |
| 6.50%, 04/15/38 | &nbsp;&nbsp; 121 | 125344 |
| 6.55%, 02/04/46 | &nbsp;&nbsp; 400 | 390277 |
| 6.70%, 02/04/56 | &nbsp;&nbsp; 385 | 373116 |
| 6.85%, 02/04/66 | &nbsp;&nbsp; 400 | 383590 |
| 6.90%, 11/09/52 | &nbsp;&nbsp; 240 | 237030 |
| Salesforce, Inc. |  |  |
| 2.70%, 07/15/41 | &nbsp;&nbsp; 140 | 99499 |
| 2.90%, 07/15/51 | &nbsp;&nbsp; 175 | 107340 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 3.05%, 07/15/61 | &nbsp;&nbsp; $110 | $64084 |
| Synopsys, Inc., 5.70%, 04/01/55 | &nbsp;&nbsp; 200 | 199865 |
|  |  | 8249990 |
| **Telecommunications — 2.4%** | **Telecommunications — 2.4%** | **Telecommunications — 2.4%** |
| America Movil SAB de CV |  |  |
| 4.38%, 07/16/42 | &nbsp;&nbsp; 50 | 44632 |
| 4.38%, 04/22/49 | &nbsp;&nbsp; 50 | 42798 |
| 6.13%, 11/15/37 | &nbsp;&nbsp; 120 | 131101 |
| 6.13%, 03/30/40 | &nbsp;&nbsp; 154 | 167485 |
| AT&T, Inc. |  |  |
| 3.10%, 02/01/43 | &nbsp;&nbsp; 40 | 29820 |
| 3.30%, 02/01/52 | &nbsp;&nbsp; 165 | 109198 |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 200 | 160497 |
| 3.50%, 09/15/53 | &nbsp;&nbsp; 715 | 486690 |
| 3.50%, 02/01/61 | &nbsp;&nbsp; 45 | 29080 |
| 3.55%, 09/15/55 | &nbsp;&nbsp; 735 | 497042 |
| 3.65%, 06/01/51 | &nbsp;&nbsp; 325 | 232174 |
| 3.65%, 09/15/59 | &nbsp;&nbsp; 591 | 397439 |
| 3.80%, 12/01/57 | &nbsp;&nbsp; 605 | 424490 |
| 3.85%, 06/01/60 | &nbsp;&nbsp; 115 | 80165 |
| 4.30%, 12/15/42 | &nbsp;&nbsp; 170 | 146362 |
| 4.35%, 06/15/45 | &nbsp;&nbsp; 105 | 88204 |
| 4.50%, 03/09/48 | &nbsp;&nbsp; 160 | 133877 |
| 4.55%, 03/09/49 | &nbsp;&nbsp; 125 | 104729 |
| 4.65%, 06/01/44 | &nbsp;&nbsp; 75 | 66457 |
| 4.75%, 05/15/46 | &nbsp;&nbsp; 185 | 162419 |
| 4.80%, 06/15/44 | &nbsp;&nbsp; 35 | 31407 |
| 4.85%, 03/01/39 | &nbsp;&nbsp; 70 | 67300 |
| 4.90%, 08/15/37 | &nbsp;&nbsp; 95 | 93714 |
| 5.15%, 03/15/42 | &nbsp;&nbsp; 50 | 48217 |
| 5.15%, 11/15/46 | &nbsp;&nbsp; 60 | 55640 |
| 5.15%, 02/15/50 | &nbsp;&nbsp; 60 | 54471 |
| 5.25%, 03/01/37 | &nbsp;&nbsp; 90 | 92032 |
| 5.35%, 09/01/40 | &nbsp;&nbsp; 20 | 19907 |
| 5.45%, 03/01/47 | &nbsp;&nbsp; 90 | 86429 |
| 5.55%, 08/15/41 | &nbsp;&nbsp; 60 | 60146 |
| 5.55%, 11/01/45 | &nbsp;&nbsp; 100 | 98383 |
| 5.65%, 02/15/47 | &nbsp;&nbsp; 80 | 80977 |
| 5.70%, 11/01/54 | &nbsp;&nbsp; 155 | 150404 |
| 5.70%, 03/01/57 | &nbsp;&nbsp; 70 | 68295 |
| 5.85%, 04/30/46 | &nbsp;&nbsp; 150 | 151316 |
| 6.00%, 08/15/40 | &nbsp;&nbsp; 25 | 26487 |
| 6.00%, 04/30/56 | &nbsp;&nbsp; 150 | 151252 |
| 6.05%, 08/15/56 | &nbsp;&nbsp; 70 | 71234 |
| 6.38%, 03/01/41 | &nbsp;&nbsp; 40 | 43413 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 3.65%, 08/15/52 | &nbsp;&nbsp; 52 | 37797 |
| 4.30%, 07/29/49 | &nbsp;&nbsp; 35 | 28775 |
| 4.46%, 04/01/48 | &nbsp;&nbsp; 110 | 93022 |
| 5.55%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 75 | 73479 |
| Series US-4, 3.65%, 03/17/51 | &nbsp;&nbsp; 40 | 29581 |
| Cisco Systems, Inc. |  |  |
| 5.30%, 02/26/54 | &nbsp;&nbsp; 190 | 184887 |
| 5.35%, 02/26/64 | &nbsp;&nbsp; 85 | 81318 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 180 | 188991 |
| 5.50%, 02/24/55 | &nbsp;&nbsp; 70 | 70233 |
| 5.90%, 02/15/39 | &nbsp;&nbsp; 185 | 202281 |
| Corning, Inc. |  |  |
| 3.90%, 11/15/49 | &nbsp;&nbsp; 20 | 15867 |
| 4.38%, 11/15/57 | &nbsp;&nbsp; 50 | 41785 |
| 4.70%, 03/15/37 | &nbsp;&nbsp; 30 | 29569 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 4.75%, 03/15/42 | &nbsp;&nbsp; $45 | $42384 |
| 5.35%, 11/15/48 | &nbsp;&nbsp; 60 | 59335 |
| 5.45%, 11/15/79 | &nbsp;&nbsp; 95 | 89583 |
| 5.75%, 08/15/40 | &nbsp;&nbsp; 50 | 53056 |
| 5.85%, 11/15/68 | &nbsp;&nbsp; 35 | 34953 |
| Deutsche Telekom AG, 3.63%, 01/21/50<sup>(b)</sup> | &nbsp;&nbsp; 150 | 111106 |
| Deutsche Telekom International Finance BV, 4.75%, <br> 06/21/38<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | 19681 |
| Embarq LLC, 8.00%, 06/01/36 | &nbsp;&nbsp; 127 | 49403 |
| Fibercop SpA |  |  |
| Series 2036, 7.20%, 07/18/36<sup>(b)</sup> | &nbsp;&nbsp; 43 | 43758 |
| Series 2038, 7.72%, 06/04/38<sup>(b)</sup> | &nbsp;&nbsp; 75 | 77045 |
| Juniper Networks, Inc., 5.95%, 03/15/41 | &nbsp;&nbsp; 31 | 31649 |
| Lumen Technologies, Inc. |  |  |
| Series P, 7.60%, 09/15/39 | &nbsp;&nbsp; 43 | 41029 |
| Series U, 7.65%, 03/15/42 | &nbsp;&nbsp; 35 | 32801 |
| Motorola Solutions, Inc., 5.50%, 09/01/44 | &nbsp;&nbsp; 26 | 25854 |
| Nokia OYJ, 6.63%, 05/15/39 | &nbsp;&nbsp; 55 | 59548 |
| Orange SA |  |  |
| 5.38%, 01/13/42 | &nbsp;&nbsp; 20 | 19877 |
| 5.50%, 02/06/44 | &nbsp;&nbsp; 10 | 10119 |
| Rogers Communications, Inc. |  |  |
| 3.70%, 11/15/49 | &nbsp;&nbsp; 60 | 45339 |
| 4.30%, 02/15/48 | &nbsp;&nbsp; 65 | 53089 |
| 4.35%, 05/01/49 | &nbsp;&nbsp; 50 | 40799 |
| 4.50%, 03/15/42 | &nbsp;&nbsp; 55 | 47956 |
| 4.50%, 03/15/43 | &nbsp;&nbsp; 50 | 43080 |
| 4.55%, 03/15/52 | &nbsp;&nbsp; 200 | 163847 |
| 5.00%, 03/15/44 | &nbsp;&nbsp; 80 | 72728 |
| 5.45%, 10/01/43 | &nbsp;&nbsp; 35 | 33581 |
| 7.50%, 08/15/38 | &nbsp;&nbsp; 60 | 70390 |
| SES AMERICOM, Inc., 5.30%, 03/25/44<sup>(b)</sup> | &nbsp;&nbsp; 4 | 3284 |
| Telecom Italia Capital SA |  |  |
| 7.20%, 07/18/36 | &nbsp;&nbsp; 55 | 60834 |
| 7.72%, 06/04/38 | &nbsp;&nbsp; 55 | 62914 |
| Telefonica Emisiones SA |  |  |
| 4.90%, 03/06/48 | &nbsp;&nbsp; 150 | 128830 |
| 5.21%, 03/08/47 | &nbsp;&nbsp; 155 | 139094 |
| 5.52%, 03/01/49 | &nbsp;&nbsp; 150 | 139869 |
| 7.05%, 06/20/36 | &nbsp;&nbsp; 195 | 220625 |
| TELUS Corp., Series ..., 6.63%, 06/09/56, (5-year <br> CMT + 2.52%)<sup>(c)</sup><br>| &nbsp;&nbsp; 75 | 75690 |
| T-Mobile USA, Inc. |  |  |
| 3.00%, 02/15/41 | &nbsp;&nbsp; 190 | 144458 |
| 3.30%, 02/15/51 | &nbsp;&nbsp; 310 | 210692 |
| 3.40%, 10/15/52 | &nbsp;&nbsp; 290 | 197562 |
| 3.60%, 11/15/60 | &nbsp;&nbsp; 150 | 100905 |
| 4.38%, 04/15/40 | &nbsp;&nbsp; 200 | 182643 |
| 4.50%, 04/15/50 | &nbsp;&nbsp; 300 | 251658 |
| 5.25%, 06/15/55 | &nbsp;&nbsp; 105 | 96865 |
| 5.50%, 01/15/55 | &nbsp;&nbsp; 85 | 81152 |
| 5.65%, 01/15/53 | &nbsp;&nbsp; 105 | 102649 |
| 5.70%, 01/15/56 | &nbsp;&nbsp; 85 | 83516 |
| 5.75%, 01/15/54 | &nbsp;&nbsp; 140 | 138762 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 65 | 64825 |
| 5.85%, 02/15/56 | &nbsp;&nbsp; 200 | 200618 |
| 5.88%, 11/15/55 | &nbsp;&nbsp; 130 | 131106 |
| 6.00%, 06/15/54 | &nbsp;&nbsp; 110 | 112733 |
| Verizon Communications, Inc. |  |  |
| 2.65%, 11/20/40 | &nbsp;&nbsp; 335 | 243996 |
| 2.85%, 09/03/41 | &nbsp;&nbsp; 140 | 102448 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 2.88%, 11/20/50 | &nbsp;&nbsp; $295 | $186648 |
| 2.99%, 10/30/56 | &nbsp;&nbsp; 313 | 190583 |
| 3.00%, 11/20/60 | &nbsp;&nbsp; 165 | 98364 |
| 3.40%, 03/22/41 | &nbsp;&nbsp; 385 | 306356 |
| 3.55%, 03/22/51 | &nbsp;&nbsp; 470 | 340575 |
| 3.70%, 03/22/61 | &nbsp;&nbsp; 315 | 217441 |
| 3.85%, 11/01/42 | &nbsp;&nbsp; 100 | 82340 |
| 3.88%, 03/01/52 | &nbsp;&nbsp; 125 | 94169 |
| 4.00%, 03/22/50 | &nbsp;&nbsp; 145 | 113752 |
| 4.13%, 08/15/46 | &nbsp;&nbsp; 100 | 81826 |
| 4.52%, 09/15/48 | &nbsp;&nbsp; 155 | 131696 |
| 4.67%, 03/15/55 | &nbsp;&nbsp; 80 | 67486 |
| 4.75%, 11/01/41 | &nbsp;&nbsp; 42 | 38942 |
| 4.81%, 03/15/39 | &nbsp;&nbsp; 155 | 149494 |
| 4.86%, 08/21/46 | &nbsp;&nbsp; 190 | 170984 |
| 5.01%, 04/15/49 | &nbsp;&nbsp; 60 | 54712 |
| 5.01%, 08/21/54 | &nbsp;&nbsp; 75 | 66863 |
| 5.25%, 03/16/37 | &nbsp;&nbsp; 70 | 71268 |
| 5.40%, 07/02/37 | &nbsp;&nbsp; 25 | 25675 |
| 5.50%, 03/16/47 | &nbsp;&nbsp; 90 | 88938 |
| 5.50%, 02/23/54<sup>(a)</sup> | &nbsp;&nbsp; 145 | 141379 |
| 5.75%, 11/30/45 | &nbsp;&nbsp; 175 | 176881 |
| 5.88%, 11/30/55 | &nbsp;&nbsp; 265 | 266251 |
| 6.00%, 11/30/65 | &nbsp;&nbsp; 130 | 130480 |
| 6.55%, 09/15/43 | &nbsp;&nbsp; 50 | 55641 |
| Vodafone Group PLC |  |  |
| 4.25%, 09/17/50 | &nbsp;&nbsp; 122 | 97893 |
| 4.88%, 06/19/49 | &nbsp;&nbsp; 185 | 165126 |
| 5.00%, 05/30/38 | &nbsp;&nbsp; 50 | 50152 |
| 5.13%, 06/04/81, (5-year CMT + 3.07%)<sup>(c)</sup> | &nbsp;&nbsp; 115 | 93043 |
| 5.25%, 05/30/48 | &nbsp;&nbsp; 115 | 108313 |
| 5.63%, 02/10/53 | &nbsp;&nbsp; 90 | 87436 |
| 5.75%, 06/28/54 | &nbsp;&nbsp; 235 | 231454 |
| 5.75%, 02/10/63 | &nbsp;&nbsp; 25 | 24197 |
| 5.88%, 06/28/64 | &nbsp;&nbsp; 75 | 73793 |
| 6.15%, 02/27/37 | &nbsp;&nbsp; 98 | 107882 |
|  |  | 15101019 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro, Inc. |  |  |
| 5.10%, 05/15/44 | &nbsp;&nbsp; 35 | 32272 |
| 6.35%, 03/15/40 | &nbsp;&nbsp; 35 | 37818 |
| Mattel, Inc., 5.45%, 11/01/41 | &nbsp;&nbsp; 40 | 37884 |
|  |  | 107974 |
| **Transportation — 1.4%** | **Transportation — 1.4%** | **Transportation — 1.4%** |
| Burlington Northern Santa Fe LLC |  |  |
| 2.88%, 06/15/52 | &nbsp;&nbsp; 90 | 57524 |
| 3.05%, 02/15/51 | &nbsp;&nbsp; 60 | 40309 |
| 3.30%, 09/15/51 | &nbsp;&nbsp; 80 | 56165 |
| 3.55%, 02/15/50 | &nbsp;&nbsp; 110 | 82114 |
| 3.90%, 08/01/46 | &nbsp;&nbsp; 85 | 69378 |
| 4.05%, 06/15/48 | &nbsp;&nbsp; 100 | 82170 |
| 4.13%, 06/15/47 | &nbsp;&nbsp; 50 | 41924 |
| 4.15%, 04/01/45 | &nbsp;&nbsp; 120 | 102209 |
| 4.15%, 12/15/48 | &nbsp;&nbsp; 60 | 50005 |
| 4.38%, 09/01/42 | &nbsp;&nbsp; 90 | 80990 |
| 4.40%, 03/15/42 | &nbsp;&nbsp; 85 | 77312 |
| 4.45%, 03/15/43 | &nbsp;&nbsp; 50 | 45059 |
| 4.45%, 01/15/53 | &nbsp;&nbsp; 115 | 98504 |
| 4.55%, 09/01/44 | &nbsp;&nbsp; 90 | 81289 |
| 4.70%, 09/01/45 | &nbsp;&nbsp; 80 | 73713 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 4.90%, 04/01/44 | &nbsp;&nbsp; $65 | $61926 |
| 4.95%, 09/15/41 | &nbsp;&nbsp; 55 | 54240 |
| 5.05%, 03/01/41 | &nbsp;&nbsp; 25 | 25002 |
| 5.15%, 09/01/43 | &nbsp;&nbsp; 85 | 83494 |
| 5.20%, 04/15/54 | &nbsp;&nbsp; 160 | 152681 |
| 5.40%, 06/01/41 | &nbsp;&nbsp; 60 | 61828 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 130 | 129490 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 75 | 75282 |
| 5.75%, 05/01/40 | &nbsp;&nbsp; 80 | 85494 |
| 5.80%, 03/15/56 | &nbsp;&nbsp; 35 | 36408 |
| 6.15%, 05/01/37 | &nbsp;&nbsp; 65 | 72861 |
| 6.20%, 08/15/36 | &nbsp;&nbsp; 25 | 27974 |
| Canadian National Railway Co. |  |  |
| 2.45%, 05/01/50 | &nbsp;&nbsp; 30 | 18236 |
| 3.20%, 08/02/46 | &nbsp;&nbsp; 55 | 40610 |
| 3.65%, 02/03/48 | &nbsp;&nbsp; 55 | 42630 |
| 4.40%, 08/05/52 | &nbsp;&nbsp; 60 | 51913 |
| 4.45%, 01/20/49 | &nbsp;&nbsp; 60 | 52323 |
| 6.13%, 11/01/53 | &nbsp;&nbsp; 35 | 38027 |
| 6.20%, 06/01/36 | &nbsp;&nbsp; 65 | 72715 |
| 6.38%, 11/15/37 | &nbsp;&nbsp; 52 | 59030 |
| Canadian Pacific Railway Co. |  |  |
| 3.00%, 12/02/41 | &nbsp;&nbsp; 60 | 45901 |
| 3.10%, 12/02/51 | &nbsp;&nbsp; 200 | 136510 |
| 3.50%, 05/01/50 | &nbsp;&nbsp; 75 | 55415 |
| 4.20%, 11/15/69 | &nbsp;&nbsp; 20 | 15324 |
| 4.30%, 05/15/43 | &nbsp;&nbsp; 50 | 44383 |
| 4.70%, 05/01/48 | &nbsp;&nbsp; 60 | 54459 |
| 4.80%, 08/01/45 | &nbsp;&nbsp; 70 | 66117 |
| 4.95%, 08/15/45 | &nbsp;&nbsp; 65 | 62019 |
| 5.95%, 05/15/37 | &nbsp;&nbsp; 40 | 43878 |
| 6.13%, 09/15/2115 | &nbsp;&nbsp; 78 | 80898 |
| CSX Corp. |  |  |
| 2.50%, 05/15/51 | &nbsp;&nbsp; 35 | 21323 |
| 3.35%, 09/15/49 | &nbsp;&nbsp; 75 | 53872 |
| 3.80%, 11/01/46 | &nbsp;&nbsp; 72 | 57525 |
| 3.80%, 04/15/50 | &nbsp;&nbsp; 65 | 50497 |
| 3.95%, 05/01/50 | &nbsp;&nbsp; 51 | 40388 |
| 4.10%, 03/15/44 | &nbsp;&nbsp; 123 | 105862 |
| 4.25%, 11/01/66 | &nbsp;&nbsp; 35 | 27401 |
| 4.30%, 03/01/48 | &nbsp;&nbsp; 100 | 85137 |
| 4.40%, 03/01/43 | &nbsp;&nbsp; 71 | 64363 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 25 | 21762 |
| 4.50%, 11/15/52 | &nbsp;&nbsp; 110 | 95308 |
| 4.50%, 08/01/54 | &nbsp;&nbsp; 55 | 47159 |
| 4.65%, 03/01/68 | &nbsp;&nbsp; 40 | 33568 |
| 4.75%, 05/30/42 | &nbsp;&nbsp; 105 | 99151 |
| 4.75%, 11/15/48 | &nbsp;&nbsp; 30 | 27051 |
| 4.90%, 03/15/55 | &nbsp;&nbsp; 30 | 27444 |
| 5.50%, 04/15/41 | &nbsp;&nbsp; 45 | 46730 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 50 | 54870 |
| 6.15%, 05/01/37 | &nbsp;&nbsp; 50 | 55516 |
| 6.22%, 04/30/40 | &nbsp;&nbsp; 60 | 66740 |
| Empresa de Transporte de Pasajeros Metro SA, <br> 5.00%, 01/25/47<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 188284 |
| FedEx Corp. |  |  |
| 3.25%, 05/15/41 | &nbsp;&nbsp; 25 | 19047 |
| 4.05%, 02/15/48 | &nbsp;&nbsp; 75 | 59638 |
| 4.10%, 04/15/43 | &nbsp;&nbsp; 50 | 41622 |
| 4.10%, 02/01/45 | &nbsp;&nbsp; 80 | 64446 |
| 4.40%, 01/15/47 | &nbsp;&nbsp; 75 | 60993 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 4.55%, 04/01/46 | &nbsp;&nbsp; $85 | $72703 |
| 4.75%, 11/15/45 | &nbsp;&nbsp; 60 | 53598 |
| 4.95%, 10/17/48<sup>(a)</sup> | &nbsp;&nbsp; 50 | 44523 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 78 | 74053 |
| 5.25%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 75 | 71764 |
| 5.25%, 05/15/50 | &nbsp;&nbsp; 15 | 14367 |
| Indian Railway Finance Corp. Ltd., 3.95%, 02/13/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 161684 |
| MTR Corp. Ltd., 5.25%, 04/01/55<sup>(f)</sup> | &nbsp;&nbsp; 200 | 206896 |
| Norfolk Southern Corp. |  |  |
| 2.90%, 08/25/51 | &nbsp;&nbsp; 60 | 38379 |
| 3.05%, 05/15/50 | &nbsp;&nbsp; 95 | 63612 |
| 3.16%, 05/15/55 | &nbsp;&nbsp; 80 | 52467 |
| 3.40%, 11/01/49 | &nbsp;&nbsp; 45 | 32455 |
| 3.70%, 03/15/53 | &nbsp;&nbsp; 60 | 44280 |
| 3.94%, 11/01/47 | &nbsp;&nbsp; 94 | 75347 |
| 3.95%, 10/01/42 | &nbsp;&nbsp; 55 | 46635 |
| 4.05%, 08/15/52 | &nbsp;&nbsp; 95 | 74934 |
| 4.10%, 05/15/49 | &nbsp;&nbsp; 45 | 36450 |
| 4.10%, 05/15/2121 | &nbsp;&nbsp; 35 | 24483 |
| 4.15%, 02/28/48 | &nbsp;&nbsp; 60 | 49511 |
| 4.45%, 06/15/45 | &nbsp;&nbsp; 80 | 70406 |
| 4.55%, 06/01/53 | &nbsp;&nbsp; 85 | 72731 |
| 4.65%, 01/15/46 | &nbsp;&nbsp; 50 | 44761 |
| 4.84%, 10/01/41 | &nbsp;&nbsp; 75 | 71885 |
| 5.10%, 08/01/2118 | &nbsp;&nbsp; 20 | 17591 |
| 5.35%, 08/01/54 | &nbsp;&nbsp; 70 | 67702 |
| 5.95%, 03/15/64 | &nbsp;&nbsp; 45 | 46441 |
| Polar Tankers, Inc., 5.95%, 05/10/37<sup>(b)</sup> | &nbsp;&nbsp; 25 | 27022 |
| Union Pacific Corp. |  |  |
| 2.95%, 03/10/52 | &nbsp;&nbsp; 120 | 77766 |
| 2.97%, 09/16/62 | &nbsp;&nbsp; 50 | 30012 |
| 3.20%, 05/20/41 | &nbsp;&nbsp; 95 | 76028 |
| 3.25%, 02/05/50 | &nbsp;&nbsp; 125 | 87799 |
| 3.35%, 08/15/46 | &nbsp;&nbsp; 5 | 3713 |
| 3.38%, 02/14/42 | &nbsp;&nbsp; 35 | 28070 |
| 3.50%, 02/14/53 | &nbsp;&nbsp; 115 | 83031 |
| 3.55%, 08/15/39 | &nbsp;&nbsp; 65 | 56452 |
| 3.55%, 05/20/61 | &nbsp;&nbsp; 35 | 24130 |
| 3.60%, 09/15/37 | &nbsp;&nbsp; 76 | 68632 |
| 3.75%, 02/05/70 | &nbsp;&nbsp; 75 | 51892 |
| 3.80%, 10/01/51 | &nbsp;&nbsp; 130 | 99824 |
| 3.80%, 04/06/71 | &nbsp;&nbsp; 70 | 49120 |
| 3.84%, 03/20/60 | &nbsp;&nbsp; 210 | 154563 |
| 3.85%, 02/14/72 | &nbsp;&nbsp; 50 | 35291 |
| 3.88%, 02/01/55 | &nbsp;&nbsp; 80 | 61164 |
| 3.95%, 08/15/59 | &nbsp;&nbsp; 40 | 30405 |
| 4.00%, 04/15/47 | &nbsp;&nbsp; 90 | 73690 |
| 4.05%, 11/15/45 | &nbsp;&nbsp; 95 | 79522 |
| 4.05%, 03/01/46 | &nbsp;&nbsp; 100 | 82999 |
| 4.10%, 09/15/67 | &nbsp;&nbsp; 50 | 37547 |
| 4.30%, 03/01/49 | &nbsp;&nbsp; 85 | 72054 |
| 4.50%, 09/10/48 | &nbsp;&nbsp; 35 | 30668 |
| 4.95%, 09/09/52 | &nbsp;&nbsp; 15 | 13967 |
| 5.15%, 01/20/63 | &nbsp;&nbsp; 40 | 37088 |
| 5.60%, 12/01/54 | &nbsp;&nbsp; 135 | 136422 |
| United Parcel Service, Inc. |  |  |
| 3.40%, 11/15/46 | &nbsp;&nbsp; 25 | 18859 |
| 3.63%, 10/01/42 | &nbsp;&nbsp; 45 | 37009 |
| 3.75%, 11/15/47 | &nbsp;&nbsp; 132 | 103726 |
| 4.25%, 03/15/49 | &nbsp;&nbsp; 75 | 62710 |
| 4.88%, 11/15/40 | &nbsp;&nbsp; 70 | 69013 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 5.05%, 03/03/53 | &nbsp;&nbsp; $115 | $106458 |
| 5.20%, 04/01/40 | &nbsp;&nbsp; 60 | 61567 |
| 5.30%, 04/01/50 | &nbsp;&nbsp; 125 | 121662 |
| 5.50%, 05/22/54 | &nbsp;&nbsp; 130 | 128495 |
| 5.60%, 05/22/64 | &nbsp;&nbsp; 30 | 29607 |
| 5.95%, 05/14/55 | &nbsp;&nbsp; 130 | 136327 |
| 6.05%, 05/14/65 | &nbsp;&nbsp; 90 | 94206 |
| 6.20%, 01/15/38 | &nbsp;&nbsp; 170 | 191070 |
|  |  | 8800668 |
| **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** |
| GATX Corp. |  |  |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 60 | 39467 |
| 5.20%, 03/15/44 | &nbsp;&nbsp; 55 | 52932 |
| 6.05%, 06/05/54 | &nbsp;&nbsp; 85 | 87782 |
|  |  | 180181 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| 3.25%, 06/01/51 | &nbsp;&nbsp; 55 | 38036 |
| 3.45%, 05/01/50 | &nbsp;&nbsp; 35 | 25320 |
| 3.75%, 09/01/47 | &nbsp;&nbsp; 45 | 35051 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 45 | 36213 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 60 | 48753 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 80 | 66236 |
| 4.30%, 12/01/42 | &nbsp;&nbsp; 55 | 49302 |
| 4.30%, 09/01/45 | &nbsp;&nbsp; 50 | 43165 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 75 | 73881 |
| 5.70%, 09/01/55 | &nbsp;&nbsp; 95 | 96200 |
| 6.59%, 10/15/37 | &nbsp;&nbsp; 50 | 57512 |
| Essential Utilities, Inc. |  |  |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 75 | 52552 |
| 4.28%, 05/01/49 | &nbsp;&nbsp; 35 | 28842 |
| 5.30%, 05/01/52 | &nbsp;&nbsp; 50 | 47156 |
|  |  | 698219 |
| **Total Corporate Bonds & Notes — 43.4%** <br>**(Cost: $299,775,378)** | **Total Corporate Bonds & Notes — 43.4%** <br>**(Cost: $299,775,378)** | 275928173 |
| **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** |
| **Angola — 0.0%** | **Angola — 0.0%** | **Angola — 0.0%** |
| Angolan Government International Bonds, 9.38%, <br> 05/08/48<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 180188 |
| **Argentina — 0.4%** | **Argentina — 0.4%** | **Argentina — 0.4%** |
| Argentina Bonar Bonds |  |  |
| 3.50%, 07/09/41<sup>(e)</sup> | &nbsp;&nbsp; 59 | 41033 |
| 5.00%, 01/09/38<sup>(e)</sup> | &nbsp;&nbsp; 315 | 240356 |
| Argentina Republic Government International Bonds |  |  |
| 3.50%, 07/09/41<sup>(e)</sup> | &nbsp;&nbsp; 1274 | 889302 |
| 4.38%, 07/09/46<sup>(a)(e)</sup> | &nbsp;&nbsp; 213 | 151182 |
| 5.00%, 01/09/38<sup>(e)</sup> | &nbsp;&nbsp; 1350 | 1059583 |
| Provincia de Buenos Aires/Government Bonds |  |  |
| 5.88%, 09/01/37<sup>(e)(f)</sup> | &nbsp;&nbsp; 80 | 56888 |
| 6.63%, 09/01/37<sup>(e)(f)</sup> | &nbsp;&nbsp; 505 | 398756 |
|  |  | 2837100 |
| **Bahamas — 0.0%** | **Bahamas — 0.0%** | **Bahamas — 0.0%** |
| Bahamas Government International Bonds, 8.25%, <br> 06/24/36<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 224150 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Bahrain — 0.1%** | **Bahrain — 0.1%** | **Bahrain — 0.1%** |
| Bahrain Government International Bonds |  |  |
| 6.00%, 09/19/44<sup>(f)</sup> | &nbsp;&nbsp; $200 | $173540 |
| 6.63%, 10/06/37<sup>(f)</sup> | &nbsp;&nbsp; 200 | 195367 |
|  |  | 368907 |
| **Benin — 0.0%** | **Benin — 0.0%** | **Benin — 0.0%** |
| Benin Government International Bonds, 7.96%, <br> 02/13/38<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 210043 |
| **Bermuda — 0.0%** | **Bermuda — 0.0%** | **Bermuda — 0.0%** |
| Bermuda Government International Bonds, 3.38%, <br> 08/20/50<sup>(f)</sup><br>| &nbsp;&nbsp; 10 | 7057 |
| **Brazil — 0.3%** | **Brazil — 0.3%** | **Brazil — 0.3%** |
| Brazil Government International Bonds |  |  |
| 4.75%, 01/14/50 | &nbsp;&nbsp; 400 | 300202 |
| 5.00%, 01/27/45<sup>(a)</sup> | &nbsp;&nbsp; 400 | 327924 |
| 5.63%, 01/07/41 | &nbsp;&nbsp; 200 | 187578 |
| 5.63%, 02/21/47 | &nbsp;&nbsp; 200 | 174134 |
| 7.13%, 01/20/37 | &nbsp;&nbsp; 200 | 222378 |
| 7.13%, 05/13/54 | &nbsp;&nbsp; 200 | 203477 |
| 7.25%, 01/12/56 | &nbsp;&nbsp; 400 | 406132 |
|  |  | 1821825 |
| **Bulgaria — 0.0%** | **Bulgaria — 0.0%** | **Bulgaria — 0.0%** |
| Bulgaria Government International Bonds, 5.00%, <br> 03/05/37<sup>(f)</sup><br>| &nbsp;&nbsp; 100 | 100833 |
| **Canada — 0.0%** | **Canada — 0.0%** | **Canada — 0.0%** |
| OMERS Finance Trust, 4.00%, 04/19/52<sup>(b)</sup> | &nbsp;&nbsp; 55 | 43834 |
| **Chile — 0.2%** | **Chile — 0.2%** | **Chile — 0.2%** |
| Chile Government International Bonds |  |  |
| 3.10%, 05/07/41 | &nbsp;&nbsp; 200 | 157922 |
| 3.10%, 01/22/61 | &nbsp;&nbsp; 400 | 258138 |
| 3.50%, 01/25/50 | &nbsp;&nbsp; 200 | 151096 |
| 3.50%, 04/15/53 | &nbsp;&nbsp; 200 | 147442 |
| 3.63%, 10/30/42 | &nbsp;&nbsp; 150 | 125345 |
| 3.86%, 06/21/47 | &nbsp;&nbsp; 200 | 164358 |
| 4.00%, 01/31/52 | &nbsp;&nbsp; 200 | 163279 |
| 4.34%, 03/07/42 | &nbsp;&nbsp; 200 | 182770 |
|  |  | 1350350 |
| **China — 0.0%** | **China — 0.0%** | **China — 0.0%** |
| China Government International Bonds, 2.75%, <br> 12/03/39<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 180895 |
| **Colombia — 0.2%** | **Colombia — 0.2%** | **Colombia — 0.2%** |
| Colombia Government International Bonds |  |  |
| 3.88%, 02/15/61 | &nbsp;&nbsp; 200 | 116793 |
| 4.13%, 05/15/51 | &nbsp;&nbsp; 200 | 125208 |
| 5.00%, 06/15/45 | &nbsp;&nbsp; 200 | 147543 |
| 5.20%, 05/15/49 | &nbsp;&nbsp; 200 | 147359 |
| 5.63%, 02/26/44 | &nbsp;&nbsp; 200 | 162238 |
| 6.13%, 01/18/41 | &nbsp;&nbsp; 200 | 177557 |
| 7.38%, 09/18/37 | &nbsp;&nbsp; 150 | 152597 |
| 8.38%, 11/07/54 | &nbsp;&nbsp; 200 | 211467 |
|  |  | 1240762 |
| **Costa Rica — 0.1%** | **Costa Rica — 0.1%** | **Costa Rica — 0.1%** |
| Costa Rica Government International Bonds |  |  |
| 7.16%, 03/12/45<sup>(f)</sup> | &nbsp;&nbsp; 200 | 224062 |
| 7.30%, 11/13/54<sup>(f)</sup> | &nbsp;&nbsp; 200 | 228485 |
|  |  | 452547 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Dominican Republic — 0.2%** | **Dominican Republic — 0.2%** | **Dominican Republic — 0.2%** |
| Dominican Republic International Bonds |  |  |
| 5.30%, 01/21/41<sup>(f)</sup> | &nbsp;&nbsp; $150 | $136959 |
| 5.88%, 01/30/60<sup>(f)</sup> | &nbsp;&nbsp; 300 | 270602 |
| 6.40%, 06/05/49<sup>(f)</sup> | &nbsp;&nbsp; 150 | 150011 |
| 6.50%, 02/15/48<sup>(f)</sup> | &nbsp;&nbsp; 150 | 151239 |
| 6.85%, 01/27/45<sup>(f)</sup> | &nbsp;&nbsp; 250 | 261432 |
| 6.95%, 03/15/37<sup>(f)</sup> | &nbsp;&nbsp; 150 | 160971 |
| 7.45%, 04/30/44<sup>(f)</sup> | &nbsp;&nbsp; 200 | 221826 |
|  |  | 1353040 |
| **Ecuador — 0.1%** | **Ecuador — 0.1%** | **Ecuador — 0.1%** |
| Ecuador Government International Bonds |  |  |
| 5.00%, 07/31/40<sup>(e)(f)</sup> | &nbsp;&nbsp; 310 | 253215 |
| 9.25%, 01/29/39<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202918 |
|  |  | 456133 |
| **Egypt — 0.2%** | **Egypt — 0.2%** | **Egypt — 0.2%** |
| Egypt Government International Bonds |  |  |
| 6.88%, 04/30/40<sup>(f)</sup> | &nbsp;&nbsp; 100 | 91179 |
| 7.50%, 02/16/61<sup>(f)</sup> | &nbsp;&nbsp; 200 | 170139 |
| 7.90%, 02/21/48<sup>(f)</sup> | &nbsp;&nbsp; 200 | 180415 |
| 8.50%, 01/31/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 191257 |
| 8.70%, 03/01/49<sup>(f)</sup> | &nbsp;&nbsp; 200 | 194224 |
| 8.88%, 05/29/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 195852 |
|  |  | 1023066 |
| **El Salvador — 0.1%** | **El Salvador — 0.1%** | **El Salvador — 0.1%** |
| El Salvador Government International Bonds |  |  |
| 7.12%, 01/20/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 181950 |
| 7.63%, 02/01/41<sup>(f)</sup> | &nbsp;&nbsp; 200 | 201036 |
|  |  | 382986 |
| **Ghana — 0.0%** | **Ghana — 0.0%** | **Ghana — 0.0%** |
| Ghana Government International Bonds, 1.50%, <br> 01/03/37<sup>(f)</sup><br>| &nbsp;&nbsp; 100 | 56333 |
| **Guatemala — 0.1%** | **Guatemala — 0.1%** | **Guatemala — 0.1%** |
| Guatemala Government Bonds |  |  |
| 6.13%, 06/01/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 200506 |
| 6.55%, 02/06/37<sup>(f)</sup> | &nbsp;&nbsp; 200 | 216566 |
| 6.60%, 06/13/36<sup>(f)</sup> | &nbsp;&nbsp; 200 | 216626 |
|  |  | 633698 |
| **Hong Kong — 0.1%** | **Hong Kong — 0.1%** | **Hong Kong — 0.1%** |
| Airport Authority, 3.25%, 01/12/52<sup>(b)</sup> | &nbsp;&nbsp; 200 | 156348 |
| Hong Kong Government International Bonds, 5.25%, <br> 01/11/53<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 217426 |
|  |  | 373774 |
| **Hungary — 0.1%** | **Hungary — 0.1%** | **Hungary — 0.1%** |
| Hungary Government International Bonds |  |  |
| 3.13%, 09/21/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 127200 |
| 5.50%, 03/26/36<sup>(f)</sup> | &nbsp;&nbsp; 200 | 202713 |
| 6.75%, 09/25/52<sup>(f)</sup> | &nbsp;&nbsp; 200 | 218018 |
| 7.63%, 03/29/41 | &nbsp;&nbsp; 200 | 237980 |
|  |  | 785911 |
| **Indonesia — 0.5%** | **Indonesia — 0.5%** | **Indonesia — 0.5%** |
| Indonesia Government International Bonds |  |  |
| 3.05%, 03/12/51 | &nbsp;&nbsp; 200 | 132386 |
| 3.50%, 02/14/50 | &nbsp;&nbsp; 200 | 145056 |
| 3.70%, 10/30/49 | &nbsp;&nbsp; 200 | 150734 |
| 4.20%, 10/15/50 | &nbsp;&nbsp; 200 | 163279 |
| 4.35%, 01/11/48 | &nbsp;&nbsp; 200 | 171428 |
| 5.10%, 02/10/54 | &nbsp;&nbsp; 200 | 190692 |
| 5.13%, 01/15/45<sup>(f)</sup> | &nbsp;&nbsp; 200 | 196395 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Indonesia (continued)** | **Indonesia (continued)** | **Indonesia (continued)** |
| 5.25%, 01/17/42<sup>(f)</sup> | &nbsp;&nbsp; $200 | $199622 |
| 5.25%, 01/08/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 197557 |
| 5.48%, 02/21/56 | &nbsp;&nbsp; 200 | 196049 |
| 5.65%, 01/11/53 | &nbsp;&nbsp; 200 | 201075 |
| 5.95%, 01/08/46<sup>(f)</sup> | &nbsp;&nbsp; 200 | 211570 |
| 6.63%, 02/17/37<sup>(f)</sup> | &nbsp;&nbsp; 200 | 226276 |
| 6.75%, 01/15/44<sup>(f)</sup> | &nbsp;&nbsp; 200 | 230096 |
| 7.75%, 01/17/38<sup>(f)</sup> | &nbsp;&nbsp; 200 | 248133 |
| Perusahaan Penerbit SBSN Indonesia III |  |  |
| 3.55%, 06/09/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 144261 |
| 3.80%, 06/23/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 150873 |
|  |  | 3155482 |
| **Israel — 0.2%** | **Israel — 0.2%** | **Israel — 0.2%** |
| Israel Government International Bonds |  |  |
| 3.88%, 07/03/50 | &nbsp;&nbsp; 200 | 149237 |
| 4.50%, 01/30/43 | &nbsp;&nbsp; 200 | 177177 |
| 5.75%, 03/12/54 | &nbsp;&nbsp; 200 | 195278 |
| 5.88%, 01/13/56 | &nbsp;&nbsp; 200 | 198826 |
| State of Israel |  |  |
| 3.38%, 01/15/50 | &nbsp;&nbsp; 200 | 137576 |
| 3.80%, 05/13/60<sup>(f)</sup> | &nbsp;&nbsp; 600 | 412557 |
|  |  | 1270651 |
| **Italy — 0.1%** | **Italy — 0.1%** | **Italy — 0.1%** |
| Republic of Italy Government International Bonds |  |  |
| 3.88%, 05/06/51 | &nbsp;&nbsp; 245 | 186827 |
| 4.00%, 10/17/49 | &nbsp;&nbsp; 285 | 225909 |
|  |  | 412736 |
| **Ivory Coast — 0.1%** | **Ivory Coast — 0.1%** | **Ivory Coast — 0.1%** |
| Ivory Coast Government International Bonds |  |  |
| 8.08%, 04/01/36<sup>(f)</sup> | &nbsp;&nbsp; 200 | 216060 |
| 8.25%, 01/30/37<sup>(f)</sup> | &nbsp;&nbsp; 200 | 218108 |
|  |  | 434168 |
| **Jamaica — 0.1%** | **Jamaica — 0.1%** | **Jamaica — 0.1%** |
| Jamaica Government International Bonds |  |  |
| 7.88%, 07/28/45 | &nbsp;&nbsp; 200 | 241768 |
| 8.00%, 03/15/39 | &nbsp;&nbsp; 100 | 121099 |
|  |  | 362867 |
| **Jordan — 0.0%** | **Jordan — 0.0%** | **Jordan — 0.0%** |
| Jordan Government International Bonds, 7.38%, <br> 10/10/47<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 197943 |
| **Kazakhstan — 0.1%** | **Kazakhstan — 0.1%** | **Kazakhstan — 0.1%** |
| Kazakhstan Government International Bonds |  |  |
| 4.88%, 10/14/44<sup>(f)</sup> | &nbsp;&nbsp; 200 | 184343 |
| 6.50%, 07/21/45<sup>(f)</sup> | &nbsp;&nbsp; 200 | 221328 |
|  |  | 405671 |
| **Kenya — 0.1%** | **Kenya — 0.1%** | **Kenya — 0.1%** |
| Republic of Kenya Government International Bonds |  |  |
| 8.25%, 02/28/48<sup>(f)</sup> | &nbsp;&nbsp; 200 | 186934 |
| 9.50%, 03/05/36<sup>(f)</sup> | &nbsp;&nbsp; 200 | 210297 |
|  |  | 397231 |
| **Lebanon — 0.0%** | **Lebanon — 0.0%** | **Lebanon — 0.0%** |
| Lebanon Government International Bonds, 7.25%, <br> 03/23/37<sup>(f)(g)(h)</sup><br>| &nbsp;&nbsp; 150 | 44394 |
| **Malaysia — 0.0%** | **Malaysia — 0.0%** | **Malaysia — 0.0%** |
| Malaysia Sovereign Sukuk Bhd, 4.24%, 04/22/45<sup>(f)</sup> | &nbsp;&nbsp; 200 | 184082 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mexico — 0.8%** | **Mexico — 0.8%** | **Mexico — 0.8%** |
| Mexico Government International Bonds |  |  |
| 3.75%, 04/19/71 | &nbsp;&nbsp; $200 | $120131 |
| 3.77%, 05/24/61 | &nbsp;&nbsp; 400 | 250863 |
| 4.28%, 08/14/41 | &nbsp;&nbsp; 300 | 244387 |
| 4.35%, 01/15/47 | &nbsp;&nbsp; 200 | 153238 |
| 4.40%, 02/12/52 | &nbsp;&nbsp; 200 | 148917 |
| 4.50%, 01/31/50 | &nbsp;&nbsp; 200 | 154702 |
| 4.60%, 01/23/46 | &nbsp;&nbsp; 200 | 159796 |
| 4.60%, 02/10/48 | &nbsp;&nbsp; 200 | 157532 |
| 4.75%, 03/08/44 | &nbsp;&nbsp; 370 | 309006 |
| 5.00%, 04/27/51 | &nbsp;&nbsp; 200 | 163879 |
| 5.55%, 01/21/45 | &nbsp;&nbsp; 300 | 280889 |
| 5.75%, 10/12/2110 | &nbsp;&nbsp; 250 | 212433 |
| 6.00%, 05/07/36 | &nbsp;&nbsp; 400 | 410522 |
| 6.05%, 01/11/40 | &nbsp;&nbsp; 350 | 352470 |
| 6.13%, 02/09/38 | &nbsp;&nbsp; 400 | 405462 |
| 6.34%, 05/04/53 | &nbsp;&nbsp; 200 | 193985 |
| 6.40%, 05/07/54 | &nbsp;&nbsp; 200 | 195484 |
| 6.63%, 01/29/38 | &nbsp;&nbsp; 200 | 211294 |
| 6.75%, 02/09/56 | &nbsp;&nbsp; 200 | 202837 |
| 6.88%, 05/13/37 | &nbsp;&nbsp; 400 | 432530 |
| 7.38%, 05/13/55 | &nbsp;&nbsp; 200 | 219387 |
|  |  | 4979744 |
| **Morocco — 0.0%** | **Morocco — 0.0%** | **Morocco — 0.0%** |
| Morocco Government International Bonds, 4.00%, <br> 12/15/50<sup>(f)</sup><br>| &nbsp;&nbsp; 400 | 293251 |
| **Nigeria — 0.1%** | **Nigeria — 0.1%** | **Nigeria — 0.1%** |
| Nigeria Government International Bonds |  |  |
| 7.63%, 11/28/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 189374 |
| 8.25%, 09/28/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 198949 |
| 9.13%, 01/13/46<sup>(f)</sup> | &nbsp;&nbsp; 200 | 217497 |
|  |  | 605820 |
| **Oman — 0.1%** | **Oman — 0.1%** | **Oman — 0.1%** |
| Oman Government International Bonds |  |  |
| 6.50%, 03/08/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 216273 |
| 6.75%, 01/17/48<sup>(f)</sup> | &nbsp;&nbsp; 200 | 220524 |
| 7.00%, 01/25/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 228723 |
|  |  | 665520 |
| **Panama — 0.2%** | **Panama — 0.2%** | **Panama — 0.2%** |
| Panama Government International Bonds |  |  |
| 3.87%, 07/23/60 | &nbsp;&nbsp; 200 | 138727 |
| 4.30%, 04/29/53 | &nbsp;&nbsp; 200 | 155386 |
| 4.50%, 05/15/47 | &nbsp;&nbsp; 200 | 163868 |
| 4.50%, 04/16/50 | &nbsp;&nbsp; 200 | 160355 |
| 4.50%, 04/01/56 | &nbsp;&nbsp; 200 | 156205 |
| 4.50%, 01/19/63 | &nbsp;&nbsp; 200 | 154768 |
| 6.85%, 03/28/54 | &nbsp;&nbsp; 200 | 216257 |
| 8.00%, 03/01/38 | &nbsp;&nbsp; 200 | 238284 |
|  |  | 1383850 |
| **Paraguay — 0.1%** | **Paraguay — 0.1%** | **Paraguay — 0.1%** |
| Paraguay Government International Bonds |  |  |
| 5.40%, 03/30/50<sup>(f)</sup> | &nbsp;&nbsp; 200 | 188363 |
| 6.10%, 08/11/44<sup>(f)</sup> | &nbsp;&nbsp; 200 | 208071 |
|  |  | 396434 |
| **Peru — 0.2%** | **Peru — 0.2%** | **Peru — 0.2%** |
| Peru Government International Bonds |  |  |
| 2.78%, 12/01/60 | &nbsp;&nbsp; 260 | 146975 |
| 3.23%, 07/28/2121 | &nbsp;&nbsp; 130 | 73190 |
| 3.30%, 03/11/41 | &nbsp;&nbsp; 100 | 78577 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Peru (continued)** | **Peru (continued)** | **Peru (continued)** |
| 3.55%, 03/10/51 | &nbsp;&nbsp; $200 | $143881 |
| 3.60%, 01/15/72 | &nbsp;&nbsp; 125 | 81473 |
| 5.63%, 11/18/50 | &nbsp;&nbsp; 320 | 318117 |
| 5.88%, 08/08/54 | &nbsp;&nbsp; 200 | 201828 |
| 6.20%, 06/30/55 | &nbsp;&nbsp; 100 | 105269 |
| 6.55%, 03/14/37 | &nbsp;&nbsp; 150 | 167248 |
|  |  | 1316558 |
| **Philippines — 0.3%** | **Philippines — 0.3%** | **Philippines — 0.3%** |
| Philippines Government International Bonds |  |  |
| 2.65%, 12/10/45 | &nbsp;&nbsp; 200 | 134080 |
| 2.95%, 05/05/45 | &nbsp;&nbsp; 200 | 142046 |
| 3.20%, 07/06/46 | &nbsp;&nbsp; 200 | 145352 |
| 3.70%, 03/01/41 | &nbsp;&nbsp; 200 | 168786 |
| 3.70%, 02/02/42 | &nbsp;&nbsp; 200 | 167155 |
| 3.95%, 01/20/40 | &nbsp;&nbsp; 300 | 265249 |
| 4.20%, 03/29/47 | &nbsp;&nbsp; 200 | 168513 |
| 5.50%, 01/17/48 | &nbsp;&nbsp; 400 | 403188 |
|  |  | 1594369 |
| **Poland — 0.1%** | **Poland — 0.1%** | **Poland — 0.1%** |
| Republic of Poland Government International Bonds |  |  |
| 5.50%, 04/04/53 | &nbsp;&nbsp; 300 | 293998 |
| 5.50%, 03/18/54 | &nbsp;&nbsp; 400 | 392021 |
|  |  | 686019 |
| **Qatar — 0.3%** | **Qatar — 0.3%** | **Qatar — 0.3%** |
| Qatar Government International Bonds |  |  |
| 4.40%, 04/16/50<sup>(f)</sup> | &nbsp;&nbsp; 400 | 359668 |
| 4.63%, 06/02/46<sup>(f)</sup> | &nbsp;&nbsp; 400 | 376220 |
| 4.82%, 03/14/49<sup>(f)</sup> | &nbsp;&nbsp; 600 | 575041 |
| 5.10%, 04/23/48<sup>(f)</sup> | &nbsp;&nbsp; 500 | 500650 |
| 5.75%, 01/20/42<sup>(b)</sup> | &nbsp;&nbsp; 200 | 219572 |
|  |  | 2031151 |
| **Romania — 0.1%** | **Romania — 0.1%** | **Romania — 0.1%** |
| Romanian Government International Bonds |  |  |
| 4.00%, 02/14/51<sup>(f)</sup> | &nbsp;&nbsp; 400 | 288361 |
| 5.13%, 06/15/48<sup>(f)</sup> | &nbsp;&nbsp; 140 | 121067 |
| 6.13%, 01/22/44<sup>(f)</sup> | &nbsp;&nbsp; 100 | 99685 |
| 7.50%, 02/10/37<sup>(f)</sup> | &nbsp;&nbsp; 130 | 147281 |
| 7.63%, 01/17/53<sup>(f)</sup> | &nbsp;&nbsp; 150 | 172893 |
|  |  | 829287 |
| **Saudi Arabia — 0.5%** | **Saudi Arabia — 0.5%** | **Saudi Arabia — 0.5%** |
| Saudi Government International Bonds |  |  |
| 3.25%, 11/17/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 134047 |
| 3.45%, 02/02/61<sup>(f)</sup> | &nbsp;&nbsp; 200 | 130308 |
| 3.75%, 01/21/55<sup>(f)</sup> | &nbsp;&nbsp; 200 | 143947 |
| 4.50%, 10/26/46<sup>(f)</sup> | &nbsp;&nbsp; 600 | 516662 |
| 4.50%, 04/22/60<sup>(f)</sup> | &nbsp;&nbsp; 200 | 161198 |
| 4.63%, 10/04/47<sup>(f)</sup> | &nbsp;&nbsp; 400 | 348398 |
| 5.00%, 04/17/49<sup>(f)</sup> | &nbsp;&nbsp; 400 | 365229 |
| 5.00%, 01/18/53<sup>(f)</sup> | &nbsp;&nbsp; 400 | 358793 |
| 5.25%, 01/16/50<sup>(f)</sup> | &nbsp;&nbsp; 400 | 377323 |
| 5.75%, 01/16/54<sup>(f)</sup> | &nbsp;&nbsp; 400 | 399854 |
| 5.88%, 01/12/56<sup>(b)</sup> | &nbsp;&nbsp; 400 | 401135 |
|  |  | 3336894 |
| **Senegal — 0.0%** | **Senegal — 0.0%** | **Senegal — 0.0%** |
| Senegal Government International Bonds, 6.75%, <br> 03/13/48<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 112583 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **South Africa — 0.2%** | **South Africa — 0.2%** | **South Africa — 0.2%** |
| Republic of South Africa Government <br> International Bonds<br>|  |  |
| 5.00%, 10/12/46 | &nbsp;&nbsp; $200 | $156136 |
| 5.38%, 07/24/44 | &nbsp;&nbsp; 200 | 167953 |
| 5.65%, 09/27/47 | &nbsp;&nbsp; 200 | 168588 |
| 5.75%, 09/30/49 | &nbsp;&nbsp; 200 | 168459 |
| 6.13%, 12/11/37<sup>(f)</sup> | &nbsp;&nbsp; 200 | 197303 |
| 7.10%, 11/19/36<sup>(f)</sup> | &nbsp;&nbsp; 200 | 215250 |
| 7.30%, 04/20/52 | &nbsp;&nbsp; 200 | 202313 |
| 7.95%, 11/19/54<sup>(f)</sup> | &nbsp;&nbsp; 200 | 216044 |
|  |  | 1492046 |
| **South Korea — 0.1%** | **South Korea — 0.1%** | **South Korea — 0.1%** |
| Export-Import Bank of Korea, 2.50%, 06/29/41 | &nbsp;&nbsp; 200 | 153456 |
| Korea International Bonds, 3.88%, 09/20/48 | &nbsp;&nbsp; 200 | 175067 |
|  |  | 328523 |
| **Sri Lanka — 0.1%** | **Sri Lanka — 0.1%** | **Sri Lanka — 0.1%** |
| Sri Lanka Government International Bonds |  |  |
| 3.60%, 05/15/36<sup>(e)(f)</sup> | &nbsp;&nbsp; 150 | 149074 |
| 3.60%, 02/15/38<sup>(e)(f)</sup> | &nbsp;&nbsp; 188 | 187009 |
|  |  | 336083 |
| **Supranational — 0.0%** | **Supranational — 0.0%** | **Supranational — 0.0%** |
| Inter-American Development Bank |  |  |
| 3.20%, 08/07/42 | &nbsp;&nbsp; 50 | 41945 |
| 3.88%, 10/28/41 | &nbsp;&nbsp; 110 | 101294 |
| 4.38%, 01/24/44 | &nbsp;&nbsp; 60 | 57995 |
|  |  | 201234 |
| **Turkey — 0.3%** | **Turkey — 0.3%** | **Turkey — 0.3%** |
| Turkiye Government International Bonds |  |  |
| 4.88%, 04/16/43 | &nbsp;&nbsp; 200 | 152352 |
| 5.75%, 05/11/47 | &nbsp;&nbsp; 400 | 326563 |
| 6.00%, 01/14/41 | &nbsp;&nbsp; 300 | 268855 |
| 6.63%, 02/17/45 | &nbsp;&nbsp; 200 | 183583 |
| 6.75%, 05/30/40 | &nbsp;&nbsp; 200 | 195293 |
| 6.80%, 11/04/36 | &nbsp;&nbsp; 200 | 200290 |
| 6.88%, 03/17/36 | &nbsp;&nbsp; 350 | 355487 |
| 6.88%, 01/14/38 | &nbsp;&nbsp; 200 | 199282 |
| 7.25%, 03/05/38 | &nbsp;&nbsp; 50 | 52614 |
|  |  | 1934319 |
| **United Arab Emirates — 0.3%** | **United Arab Emirates — 0.3%** | **United Arab Emirates — 0.3%** |
| Abu Dhabi Government International Bonds |  |  |
| 2.70%, 09/02/70<sup>(f)</sup> | &nbsp;&nbsp; 200 | 113663 |
| 3.00%, 09/15/51<sup>(f)</sup> | &nbsp;&nbsp; 200 | 137605 |
| 3.13%, 09/30/49<sup>(f)</sup> | &nbsp;&nbsp; 400 | 286452 |
| 3.88%, 04/16/50<sup>(f)</sup> | &nbsp;&nbsp; 400 | 322222 |
| 4.13%, 10/11/47<sup>(f)</sup> | &nbsp;&nbsp; 200 | 171723 |
| 5.50%, 04/30/54<sup>(f)</sup> | &nbsp;&nbsp; 200 | 204858 |
| Emirate of Dubai Government International Bonds, <br> 5.25%, 01/30/43<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 200217 |
| Finance Department Government of Sharjah, 4.00%, <br> 07/28/50<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 134859 |
| UAE International Government Bonds |  |  |
| 3.25%, 10/19/61<sup>(f)</sup> | &nbsp;&nbsp; 200 | 137864 |
| 4.95%, 07/07/52<sup>(f)</sup> | &nbsp;&nbsp; 200 | 191963 |
|  |  | 1901426 |
| **Uruguay — 0.2%** | **Uruguay — 0.2%** | **Uruguay — 0.2%** |
| Oriental Republic of Uruguay, 5.25%, 09/10/60 | &nbsp;&nbsp; 130 | 123495 |
| Uruguay Government International Bonds |  |  |
| 4.13%, 11/20/45 | &nbsp;&nbsp; 55 | 48869 |
| 4.98%, 04/20/55 | &nbsp;&nbsp; 305 | 282391 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Uruguay (continued)** | **Uruguay (continued)** | **Uruguay (continued)** |
| 5.10%, 06/18/50 | &nbsp;&nbsp; $390 | $374432 |
| 5.44%, 02/14/37 | &nbsp;&nbsp; 95 | 99747 |
| 7.63%, 03/21/36 | &nbsp;&nbsp; 150 | 182561 |
|  |  | 1111495 |
| **Zambia — 0.0%** | **Zambia — 0.0%** | **Zambia — 0.0%** |
| Zambia Government International Bonds, 0.50%, <br> 12/31/53<sup>(f)</sup><br>| &nbsp;&nbsp; 200 | 146126 |
| **Total Foreign Government Obligations — 7.4%** <br>**(Cost: $47,131,648)** | **Total Foreign Government Obligations — 7.4%** <br>**(Cost: $47,131,648)** | 46631389 |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **Arizona — 0.0%** | **Arizona — 0.0%** | **Arizona — 0.0%** |
| Salt River Project Agricultural Improvement & Power <br> District RB BAB, 4.84%, 01/01/41<br>| &nbsp;&nbsp; 150 | 150018 |
| **California — 0.5%** | **California — 0.5%** | **California — 0.5%** |
| Bay Area Toll Authority RB BAB |  |  |
| Series S-1, 7.04%, 04/01/50 | &nbsp;&nbsp; 50 | 58395 |
| Series S-3, 6.91%, 10/01/50<sup>(a)</sup> | &nbsp;&nbsp; 170 | 195090 |
| California State University RB |  |  |
| Class B,2.72%, 11/01/52<sup>(a)</sup> | &nbsp;&nbsp; 200 | 136691 |
| 5.18%, 11/01/53 | &nbsp;&nbsp; 100 | 99663 |
| City of San Francisco California Public Utilities <br> Commission Water Revenue RB BAB, 6.95%, <br> 11/01/50<br>| &nbsp;&nbsp; 100 | 114187 |
| East Bay Municipal Utility District Water System <br> Revenue RB BAB, Series B, 5.87%, 06/01/40<br>| &nbsp;&nbsp; 50 | 54089 |
| Foothill-Eastern Transportation Corridor Agency RB, <br> Series A, 4.09%, 01/15/49<br>| &nbsp;&nbsp; 100 | 85294 |
| Los Angeles Community College District California GO <br> BAB, 6.75%, 08/01/49<br>| &nbsp;&nbsp; 200 | 228483 |
| Los Angeles County Public Works Financing Authority <br> RB BAB, 7.62%, 08/01/40<br>| &nbsp;&nbsp; 50 | 60470 |
| Regents of the University of California Medical Center <br> Pooled Revenue RB<br>|  |  |
| 3.71%, 05/15/2120 | &nbsp;&nbsp; 225 | 146244 |
| Series N, 3.26%, 05/15/60<sup>(a)</sup> | &nbsp;&nbsp; 65 | 43575 |
| Regents of the University of California Medical Center <br> Pooled Revenue RB BAB, Series F, 6.58%, <br> 05/15/49<br>| &nbsp;&nbsp; 150 | 163561 |
| San Diego County Regional Transportation <br> Commission RB BAB, 5.91%, 04/01/48<br>| &nbsp;&nbsp; 125 | 131947 |
| San Diego County Water Authority RB BAB, Series B, <br> Class B,6.14%, 05/01/49<br>| &nbsp;&nbsp; 50 | 52617 |
| State of California GO |  |  |
| 4.60%, 04/01/38 | &nbsp;&nbsp; 100 | 102114 |
| 5.20%, 03/01/43 | &nbsp;&nbsp; 105 | 106479 |
| State of California GO BAB |  |  |
| 7.30%, 10/01/39 | &nbsp;&nbsp; 400 | 474713 |
| 7.55%, 04/01/39 | &nbsp;&nbsp; 250 | 308490 |
| 7.60%, 11/01/40 | &nbsp;&nbsp; 245 | 305982 |
| University of California RB |  |  |
| Series AQ, 4.77%, 05/15/2115 | &nbsp;&nbsp; 150 | 127245 |
| Series BG, 3.07%, 05/15/51<sup>(a)</sup> | &nbsp;&nbsp; 200 | 137702 |
|  |  | 3133031 |
| **Colorado — 0.0%** | **Colorado — 0.0%** | **Colorado — 0.0%** |
| Regional Transportation District Sales Tax Revenue <br> RB BAB, Series B, 5.84%, 11/01/50<br>| &nbsp;&nbsp; 20 | 20830 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **District of Columbia — 0.0%** | **District of Columbia — 0.0%** | **District of Columbia — 0.0%** |
| District of Columbia Water & Sewer Authority RB, <br> 4.81%, 10/01/2114<br>| &nbsp;&nbsp; $50 | $44071 |
| **Florida — 0.0%** | **Florida — 0.0%** | **Florida — 0.0%** |
| County of Miami-Dade Aviation Revenue RB, <br> Series C, 4.28%, 10/01/41<sup>(a)</sup><br>| &nbsp;&nbsp; 50 | 47180 |
| **Georgia — 0.0%** | **Georgia — 0.0%** | **Georgia — 0.0%** |
| Municipal Electric Authority of Georgia RB BAB |  |  |
| Project J, Series 2010-A, 6.64%, 04/01/57 | &nbsp;&nbsp; 89 | 98651 |
| Project M, Series 2010-A, 6.66%, 04/01/57 | &nbsp;&nbsp; 45 | 50045 |
|  |  | 148696 |
| **Illinois — 0.1%** | **Illinois — 0.1%** | **Illinois — 0.1%** |
| Chicago O'Hare International Airport RB, Series C, <br> Class C,4.57%, 01/01/54<br>| &nbsp;&nbsp; 250 | 227950 |
| Chicago Transit Authority Sales & Transfer Tax <br> Receipts Revenue RB, Series B, Class B,6.90%, <br> 12/01/40<br>| &nbsp;&nbsp; 222 | 253637 |
| Metropolitan Water Reclamation District of Greater <br> Chicago GOL BAB, 5.72%, 12/01/38<br>| &nbsp;&nbsp; 55 | 58238 |
|  |  | 539825 |
| **Louisiana — 0.0%** | **Louisiana — 0.0%** | **Louisiana — 0.0%** |
| Louisiana Local Government Environmental Facilities <br> & Community Development Authority RB, 5.20%, <br> 12/01/39<br>| &nbsp;&nbsp; 210 | 219123 |
| **Maryland — 0.0%** | **Maryland — 0.0%** | **Maryland — 0.0%** |
| Maryland Health & Higher Educational Facilities <br> Authority RB, Class D,3.05%, 07/01/40<br>| &nbsp;&nbsp; 50 | 40741 |
| **Massachusetts — 0.1%** | **Massachusetts — 0.1%** | **Massachusetts — 0.1%** |
| Commonwealth of Massachusetts GOL BAB, <br> Series E, 5.46%, 12/01/39<br>| &nbsp;&nbsp; 200 | 210144 |
| Commonwealth of Massachusetts Transportation <br> Fund Revenue RB BAB, Series A, 5.73%, 06/01/40<br>| &nbsp;&nbsp; 25 | 26309 |
| Massachusetts School Building Authority RB BAB, <br> Series B, 5.72%, 08/15/39<br>| &nbsp;&nbsp; 50 | 53105 |
|  |  | 289558 |
| **Michigan — 0.0%** | **Michigan — 0.0%** | **Michigan — 0.0%** |
| Michigan State University RB, 4.17%, 08/15/2122 | &nbsp;&nbsp; 100 | 75314 |
| University of Michigan RB, Class B,3.50%, 04/01/52 | &nbsp;&nbsp; 200 | 153378 |
|  |  | 228692 |
| **Missouri — 0.0%** | **Missouri — 0.0%** | **Missouri — 0.0%** |
| Health & Educational Facilities Authority of the State <br> of Missouri RB, Series A, 3.23%, 05/15/50<br>| &nbsp;&nbsp; 100 | 73460 |
| **New Jersey — 0.1%** | **New Jersey — 0.1%** | **New Jersey — 0.1%** |
| New Jersey Transportation Trust Fund Authority RB <br> BAB, Series B, 6.56%, 12/15/40<br>| &nbsp;&nbsp; 100 | 114440 |
| New Jersey Turnpike Authority RB BAB |  |  |
| Series A, 7.10%, 01/01/41 | &nbsp;&nbsp; 200 | 238558 |
| Series F, 7.41%, 01/01/40 | &nbsp;&nbsp; 150 | 183210 |
|  |  | 536208 |
| **New York — 0.3%** | **New York — 0.3%** | **New York — 0.3%** |
| City of New York, 5.37%, 10/01/51 | &nbsp;&nbsp; 300 | 301783 |
| City of New York GO, 4.61%, 09/01/37 | &nbsp;&nbsp; 100 | 101496 |
| City of New York GO BAB, Series C-1, 5.52%, <br> 10/01/37<br>| &nbsp;&nbsp; 200 | 208348 |
| Empire State Development Corp. RB BAB, 5.77%, <br> 03/15/39<br>| &nbsp;&nbsp; 45 | 46655 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** | **New York (continued)** |
| Metropolitan Transportation Authority Dedicated Tax <br> Fund RB BAB, 7.34%, 11/15/39<br>| &nbsp;&nbsp; $130 | $156290 |
| New York City Municipal Water Finance Authority <br> RB BAB<br>|  |  |
| 5.44%, 06/15/43 | &nbsp;&nbsp; 250 | 247010 |
| 6.01%, 06/15/42 | &nbsp;&nbsp; 200 | 211680 |
| New York State Dormitory Authority RB BAB, Series F, <br> 5.63%, 03/15/39<br>| &nbsp;&nbsp; 100 | 104016 |
| Port Authority of New York & New Jersey RB |  |  |
| 3.29%, 08/01/69 | &nbsp;&nbsp; 300 | 199838 |
| 5.07%, 07/15/53<sup>(a)</sup> | &nbsp;&nbsp; 30 | 29583 |
| Series 168, 4.93%, 10/01/51 | &nbsp;&nbsp; 80 | 77197 |
| Series 174, 4.46%, 10/01/62 | &nbsp;&nbsp; 350 | 306316 |
| Series 181, 4.96%, 08/01/46 | &nbsp;&nbsp; 50 | 49664 |
| Series 225, 3.18%, 07/15/60 | &nbsp;&nbsp; 70 | 47265 |
|  |  | 2087141 |
| **Ohio — 0.1%** | **Ohio — 0.1%** | **Ohio — 0.1%** |
| American Municipal Power, Inc. RB, Series B, 8.08%, <br> 02/15/50<br>| &nbsp;&nbsp; 50 | 64410 |
| American Municipal Power, Inc. RB BAB, 6.45%, <br> 02/15/44<sup>(a)</sup><br>| &nbsp;&nbsp; 200 | 215781 |
| Ohio State University (The) RB, Series A, 4.80%, <br> 06/01/2111<br>| &nbsp;&nbsp; 75 | 64657 |
|  |  | 344848 |
| **Oklahoma — 0.1%** | **Oklahoma — 0.1%** | **Oklahoma — 0.1%** |
| Oklahoma Development Finance Authority RB |  |  |
| 4.62%, 06/01/44 | &nbsp;&nbsp; 85 | 84813 |
| 4.71%, 05/01/52<sup>(a)</sup> | &nbsp;&nbsp; 175 | 166887 |
|  |  | 251700 |
| **Pennsylvania — 0.0%** | **Pennsylvania — 0.0%** | **Pennsylvania — 0.0%** |
| Commonwealth Financing Authority RB, Series A, <br> 4.14%, 06/01/38<br>| &nbsp;&nbsp; 150 | 146350 |
| Pennsylvania State University (The) RB, 2.79%, <br> 09/01/43<br>| &nbsp;&nbsp; 75 | 59889 |
|  |  | 206239 |
| **Tennessee — 0.0%** | **Tennessee — 0.0%** | **Tennessee — 0.0%** |
| Metropolitan Government of Nashville & Davidson <br> County Convention Center Authority RB BAB, <br> Series B, 6.73%, 07/01/43<br>| &nbsp;&nbsp; 40 | 43905 |
| **Texas — 0.3%** | **Texas — 0.3%** | **Texas — 0.3%** |
| Board of Regents of the University of Texas System <br> RB BAB, Series C, 4.79%, 08/15/46<br>| &nbsp;&nbsp; 150 | 145332 |
| City of San Antonio Electric & Gas Systems Revenue <br> RB, 5.57%, 02/01/50<br>| &nbsp;&nbsp; 35 | 35976 |
| City of San Antonio Electric & Gas Systems Revenue <br> RB BAB, 5.81%, 02/01/41<br>| &nbsp;&nbsp; 50 | 52748 |
| Dallas Area Rapid Transit RB, Class A,2.61%, <br> 12/01/48<br>| &nbsp;&nbsp; 100 | 70830 |
| Dallas Area Rapid Transit RB BAB, Series B, 6.00%, <br> 12/01/44<sup>(a)</sup><br>| &nbsp;&nbsp; 100 | 104980 |
| Dallas County Hospital District GOL BAB, Series C, <br> Class C,5.62%, 08/15/44<br>| &nbsp;&nbsp; 30 | 30306 |
| Dallas Fort Worth International Airport RB |  |  |
| Class A,4.51%, 11/01/51 | &nbsp;&nbsp; 200 | 179700 |
| Series C, Class C,2.92%, 11/01/50 | &nbsp;&nbsp; 100 | 72747 |
| Grand Parkway Transportation Corp. RB, 3.24%, <br> 10/01/52<br>| &nbsp;&nbsp; 150 | 109364 |
| North Texas Tollway Authority RB BAB, Series B, <br> Class B,6.72%, 01/01/49<br>| &nbsp;&nbsp; 70 | 79258 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** | **Texas (continued)** |
| Permanent University Fund - Texas A&M University <br> System RB, Series B, Class B,3.66%, 07/01/47<br>| &nbsp;&nbsp; $100 | $85722 |
| State of Texas GO BAB, 5.52%, 04/01/39 | &nbsp;&nbsp; 234 | 246698 |
| Texas Natural Gas Securitization Finance Corp. RB, <br> 5.17%, 04/01/41<br>| &nbsp;&nbsp; 200 | 208627 |
| Texas Private Activity Bond Surface Transportation <br> Corp. RB, Series B, Class B,3.92%, 12/31/49<br>| &nbsp;&nbsp; 100 | 83265 |
| Texas Transportation Commission GO, 2.47%, <br> 10/01/44<br>| &nbsp;&nbsp; 50 | 36296 |
|  |  | 1541849 |
| **Virginia — 0.0%** | **Virginia — 0.0%** | **Virginia — 0.0%** |
| University of Virginia RB |  |  |
| 2.26%, 09/01/50<sup>(a)</sup> | &nbsp;&nbsp; 270 | 163363 |
| Series C, 4.18%, 09/01/2117 | &nbsp;&nbsp; 45 | 34267 |
|  |  | 197630 |
| **Total Municipal Debt Obligations — 1.6%** <br>**(Cost: $11,224,171)** | **Total Municipal Debt Obligations — 1.6%** <br>**(Cost: $11,224,171)** | 10144745 |
| **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** |
| **Mortgage-Backed Securities — 0.0%** | **Mortgage-Backed Securities — 0.0%** | **Mortgage-Backed Securities — 0.0%** |
| Federal National Mortgage Association, Series <br> 2019-M4, Class A2, 3.61%, 02/25/31<br>| &nbsp;&nbsp; 250 | 247404 |
| **U.S. Government Agency Obligations — 0.2%** | **U.S. Government Agency Obligations — 0.2%** | **U.S. Government Agency Obligations — 0.2%** |
| Federal Home Loan Banks, 5.50%, 07/15/36 | &nbsp;&nbsp; 290 | 323370 |
| Tennessee Valley Authority |  |  |
| 3.50%, 12/15/42 | &nbsp;&nbsp; 50 | 43143 |
| 5.25%, 09/15/39 | &nbsp;&nbsp; 65 | 70469 |
| 5.25%, 02/01/55 | &nbsp;&nbsp; 50 | 51526 |
| 5.38%, 04/01/56 | &nbsp;&nbsp; 500 | 523589 |
| 5.88%, 04/01/36 | &nbsp;&nbsp; 200 | 227556 |
|  |  | 1239653 |
| **U.S. Government Obligations — 45.6%** | **U.S. Government Obligations — 45.6%** | **U.S. Government Obligations — 45.6%** |
| U.S. Treasury Bonds |  |  |
| 1.13%, 05/15/40 | &nbsp;&nbsp; 4131 | 2711614 |
| 1.13%, 08/15/40 | &nbsp;&nbsp; 498 | 323700 |
| 1.25%, 05/15/50 | &nbsp;&nbsp; 3600 | 1803375 |
| 1.38%, 11/15/40 | &nbsp;&nbsp; 5757 | 3866185 |
| 1.38%, 08/15/50 | &nbsp;&nbsp; 3890 | 2002742 |
| 1.63%, 11/15/50 | &nbsp;&nbsp; 6245 | 3426944 |
| 1.75%, 08/15/41 | &nbsp;&nbsp; 7776 | 5429835 |
| 1.88%, 02/15/41 | &nbsp;&nbsp; 6683 | 4824291 |
| 1.88%, 02/15/51 | &nbsp;&nbsp; 7393 | 4313353 |
| 1.88%, 11/15/51 | &nbsp;&nbsp; 7324 | 4227321 |
| 2.00%, 11/15/41 | &nbsp;&nbsp; 6945 | 5012337 |
| 2.00%, 02/15/50 | &nbsp;&nbsp; 4170 | 2550216 |
| 2.00%, 08/15/51 | &nbsp;&nbsp; 7775 | 4650422 |
| 2.25%, 05/15/41 | &nbsp;&nbsp; 4687 | 3560655 |
| 2.25%, 08/15/46 | &nbsp;&nbsp; 1922 | 1314768 |
| 2.25%, 08/15/49 | &nbsp;&nbsp; 4700 | 3066750 |
| 2.25%, 02/15/52 | &nbsp;&nbsp; 7053 | 4462125 |
| 2.38%, 02/15/42 | &nbsp;&nbsp; 5540 | 4212997 |
| 2.38%, 11/15/49 | &nbsp;&nbsp; 3960 | 2647012 |
| 2.38%, 05/15/51 | &nbsp;&nbsp; 7215 | 4737098 |
| 2.50%, 02/15/45 | &nbsp;&nbsp; 2130 | 1563220 |
| 2.50%, 02/15/46 | &nbsp;&nbsp; 895 | 646777 |
| 2.50%, 05/15/46 | &nbsp;&nbsp; 1750 | 1260000 |
| 2.75%, 08/15/42 | &nbsp;&nbsp; 1450 | 1156375 |
| 2.75%, 11/15/42 | &nbsp;&nbsp; 4355 | 3456101 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 2.75%, 08/15/47 | &nbsp;&nbsp; $1700 | $1260391 |
| 2.75%, 11/15/47 | &nbsp;&nbsp; 3120 | 2306850 |
| 2.88%, 05/15/43 | &nbsp;&nbsp; 3150 | 2525906 |
| 2.88%, 08/15/45 | &nbsp;&nbsp; 500 | 388672 |
| 2.88%, 11/15/46 | &nbsp;&nbsp; 850 | 651180 |
| 2.88%, 05/15/49 | &nbsp;&nbsp; 4320 | 3217725 |
| 2.88%, 05/15/52 | &nbsp;&nbsp; 5854 | 4253297 |
| 3.00%, 05/15/42 | &nbsp;&nbsp; 1000 | 830625 |
| 3.00%, 05/15/45 | &nbsp;&nbsp; 300 | 238875 |
| 3.00%, 11/15/45 | &nbsp;&nbsp; 500 | 395703 |
| 3.00%, 02/15/47 | &nbsp;&nbsp; 1300 | 1015016 |
| 3.00%, 02/15/48 | &nbsp;&nbsp; 3835 | 2960740 |
| 3.00%, 08/15/48 | &nbsp;&nbsp; 4840 | 3718481 |
| 3.00%, 02/15/49 | &nbsp;&nbsp; 4600 | 3516844 |
| 3.00%, 08/15/52 | &nbsp;&nbsp; 6294 | 4687063 |
| 3.13%, 11/15/41 | &nbsp;&nbsp; 600 | 511313 |
| 3.13%, 02/15/43 | &nbsp;&nbsp; 4486 | 3746511 |
| 3.13%, 08/15/44 | &nbsp;&nbsp; 1400 | 1146906 |
| 3.13%, 05/15/48 | &nbsp;&nbsp; 4247 | 3345176 |
| 3.25%, 05/15/42 | &nbsp;&nbsp; 4651 | 3998407 |
| 3.38%, 08/15/42 | &nbsp;&nbsp; 4840 | 4217606 |
| 3.38%, 05/15/44 | &nbsp;&nbsp; 1450 | 1237258 |
| 3.63%, 08/15/43 | &nbsp;&nbsp; 1450 | 1291859 |
| 3.63%, 02/15/44 | &nbsp;&nbsp; 2600 | 2305469 |
| 3.63%, 02/15/53 | &nbsp;&nbsp; 4879 | 4096073 |
| 3.63%, 05/15/53 | &nbsp;&nbsp; 6021 | 5051995 |
| 3.75%, 11/15/43 | &nbsp;&nbsp; 2300 | 2078984 |
| 3.88%, 08/15/40 | &nbsp;&nbsp; 650 | 618313 |
| 3.88%, 02/15/43 | &nbsp;&nbsp; 4365 | 4044445 |
| 3.88%, 05/15/43 | &nbsp;&nbsp; 4730 | 4372294 |
| 4.00%, 11/15/42 | &nbsp;&nbsp; 4900 | 4622844 |
| 4.00%, 11/15/52 | &nbsp;&nbsp; 5710 | 5130970 |
| 4.13%, 08/15/44 | &nbsp;&nbsp; 3999 | 3787178 |
| 4.13%, 08/15/53 | &nbsp;&nbsp; 6515 | 5977512 |
| 4.25%, 11/15/40 | &nbsp;&nbsp; 2026 | 2005423 |
| 4.25%, 02/15/54 | &nbsp;&nbsp; 6475 | 6065254 |
| 4.25%, 08/15/54 | &nbsp;&nbsp; 6724 | 6300598 |
| 4.38%, 11/15/39 | &nbsp;&nbsp; 630 | 637088 |
| 4.38%, 05/15/40 | &nbsp;&nbsp; 1317 | 1327289 |
| 4.38%, 08/15/43 | &nbsp;&nbsp; 8055 | 7924107 |
| 4.50%, 08/15/39 | &nbsp;&nbsp; 1300 | 1333719 |
| 4.50%, 02/15/44 | &nbsp;&nbsp; 6975 | 6954293 |
| 4.50%, 11/15/54 | &nbsp;&nbsp; 7158 | 6993590 |
| 4.63%, 02/15/40 | &nbsp;&nbsp; 1350 | 1398305 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 5330 | 5391628 |
| 4.63%, 11/15/44 | &nbsp;&nbsp; 4336 | 4377327 |
| 4.63%, 11/15/45 | &nbsp;&nbsp; 3221 | 3242641 |
| 4.63%, 05/15/54 | &nbsp;&nbsp; 7110 | 7087781 |
| 4.63%, 02/15/55 | &nbsp;&nbsp; 7529 | 7510177 |
| 4.63%, 11/15/55 | &nbsp;&nbsp; 5465 | 5456461 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.75%, 02/15/41 | &nbsp;&nbsp; $270 | $281813 |
| 4.75%, 11/15/43 | &nbsp;&nbsp; 5227 | 5381360 |
| 4.75%, 02/15/45 | &nbsp;&nbsp; 6541 | 6705547 |
| 4.75%, 11/15/53 | &nbsp;&nbsp; 6776 | 6886110 |
| 4.75%, 05/15/55 | &nbsp;&nbsp; 6901 | 7023924 |
| 4.75%, 08/15/55 | &nbsp;&nbsp; 6980 | 7108694 |
| 4.75%, 02/15/56 | &nbsp;&nbsp; 2189 | 2230728 |
| 4.88%, 08/15/45 | &nbsp;&nbsp; 4198 | 4367232 |
| 5.00%, 05/15/45 | &nbsp;&nbsp; 4377 | 4627310 |
|  |  | 289393093 |
| **Total U.S. Government & Agency Obligations — 45.8%** <br>**(Cost: $326,296,193)** | **Total U.S. Government & Agency Obligations — 45.8%** <br>**(Cost: $326,296,193)** | 290880150 |
| **Total Long-Term Investments — 98.2%** <br>**(Cost: $684,536,303)** | **Total Long-Term Investments — 98.2%** <br>**(Cost: $684,536,303)** | 623698299 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.6%** | **Money Market Funds — 1.6%** | **Money Market Funds — 1.6%** |
| BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 3.64%<sup>(i)(j)(k)</sup><br>| &nbsp;&nbsp; 10059810 | 10059810 |
| **Total Short-Term Securities — 1.6%** <br>**(Cost: $10,059,810)** | **Total Short-Term Securities — 1.6%** <br>**(Cost: $10,059,810)** | 10059810 |
| **Total Investments — 99.8%** <br>**(Cost: $694,596,113)** | **Total Investments — 99.8%** <br>**(Cost: $694,596,113)** | 633758109 |
| **Other Assets Less Liabilities — 0.2%** | **Other Assets Less Liabilities — 0.2%** | 1413273 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $635171382 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

<sup>(d)</sup> Zero-coupon bond.

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

<sup>(f)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

<sup>(g)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(h)</sup> Non-income producing security.

<sup>(i)</sup> Affiliate of the Fund.

<sup>(j)</sup> Annualized 7-day yield as of period end.

<sup>(k)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Core 10+ Year USD Bond ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| $10597307 | $—<br> $(537497 )<sup>(a)</sup><br>| $— | $— | $10059810 | 10059810<br> $177326 <br><sup>(b)</sup><br>| $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $113842 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $113842 |
| Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 275928173 | &nbsp;&nbsp; — | &nbsp;&nbsp; 275928173 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 46631389 | &nbsp;&nbsp; — | &nbsp;&nbsp; 46631389 |
| Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 10144745 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10144745 |
| U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 290880150 | &nbsp;&nbsp; — | &nbsp;&nbsp; 290880150 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 10059810 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 10059810 |
|  | &nbsp;&nbsp; $10059810 | &nbsp;&nbsp; $623698299 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $633758109 |

---

*See notes to financial statements.*

Schedule of Investments

------

Statements of Assets and Liabilities

February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; iShares <br>Core 5-10 <br> Year USD <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>Core 10+ <br> Year USD <br> Bond ETF <br>|
| **ASSETS** |  |  |
| Investments, at value—unaffiliated<sup>(a)(b)</sup> | $282980297 | $623698299 |
| Investments, at value—affiliated<sup>(c)</sup> | 30322247 | 10059810 |
| Cash |  | 243969 |
| Foreign currency, at value<sup>(d)</sup> | 147 | 372 |
| Receivables: |  |  |
| Investments sold | 4654840 | 4864067 |
| Securities lending income—affiliated | 860 | 3211 |
| TBA sales commitments | 177379 |  |
| Dividends—affiliated | 80936 | 9266 |
| Interest—unaffiliated | 1964666 | 6849235 |
| Total assets | 320181372 | 645728229 |
| **LIABILITIES** |  |  |
| Bank overdraft | 62260 |  |
| Collateral on securities loaned, at value | 1843713 | 5479810 |
| TBA sales commitments, at value<sup>(e)</sup> | 177806 |  |
| Payables: |  |  |
| Investments purchased | 31383596 | 5048104 |
| Investment advisory fees | 11110 | 28933 |
| Total liabilities | 33478485 | 10556847 |
| **Commitments and contingent liabilities** |  |  |
| NET ASSETS | $286702887 | $635171382 |
| **NET ASSETS CONSIST OF** |  |  |
| Paid-in capital | $290185874 | $724770278 |
| Accumulated loss | (3482987) | (89598896) |
| NET ASSETS | $286702887 | $635171382 |
| **NET ASSET VALUE** |  |  |
| Shares outstanding | 6400000 | 12450000 |
| Net asset value | $44.80 | $51.02 |
| Shares authorized | Unlimited | Unlimited |
| Par value |  |  |
| <sup>(a)</sup> Investments, at cost—unaffiliated | $281471898 | $684536303 |
| <sup>(b)</sup> Securities loaned, at value | $1785202 | $5238809 |
| <sup>(c)</sup> Investments, at cost—affiliated | $30313481 | $10059810 |
| <sup>(d)</sup> Foreign currency, at cost | $138 | $339 |
| <sup>(e)</sup> Proceeds from TBA sales commitments | $177379 | $— |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Operations

Year Ended February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | iShares <br>Core 5-10 <br> Year USD <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>Core 10+ <br> Year USD <br> Bond ETF <br>|
| **INVESTMENT INCOME** |  |  |
| Dividends—affiliated | &nbsp;&nbsp; $1296031 | &nbsp;&nbsp;&nbsp; $140833 |
| Interest—unaffiliated | &nbsp;&nbsp; 10425149 | &nbsp;&nbsp;&nbsp; 29342722 |
| Securities lending income—affiliated—net | &nbsp;&nbsp; 10142 | &nbsp;&nbsp;&nbsp; 36493 |
| Other income—unaffiliated | &nbsp;&nbsp; 199 | &nbsp;&nbsp;&nbsp; 22930 |
| Total investment income | &nbsp;&nbsp; 11731521 | &nbsp;&nbsp;&nbsp; 29542978 |
| EXPENSES |  |  |
| Investment advisory | &nbsp;&nbsp; 154919 | &nbsp;&nbsp;&nbsp; 359629 |
| Interest expense | &nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp; — |
| Total expenses | &nbsp;&nbsp; 154931 | &nbsp;&nbsp;&nbsp; 359629 |
| Less: |  |  |
| Investment advisory fees waived | &nbsp;&nbsp; (27234)<br>| &nbsp;&nbsp;&nbsp; — |
| Total expenses after fees waived | &nbsp;&nbsp; 127697 | &nbsp;&nbsp;&nbsp; 359629 |
| Net investment income | &nbsp;&nbsp; 11603824 | &nbsp;&nbsp;&nbsp; 29183349 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |
| Net realized gain (loss) from: |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; 1451276 | &nbsp;&nbsp;&nbsp; (12025192)<br>|
| Investments—affiliated | &nbsp;&nbsp; 491 | &nbsp;&nbsp;&nbsp; — |
| In-kind redemptions—unaffiliated<sup>(a)</sup> | &nbsp;&nbsp; 4742 | &nbsp;&nbsp;&nbsp; (3850169)<br>|
|  | &nbsp;&nbsp; 1456509 | &nbsp;&nbsp;&nbsp; (15875361)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; 6661078 | &nbsp;&nbsp;&nbsp; 18507247 |
| Investments—affiliated | &nbsp;&nbsp; (216)<br>| &nbsp;&nbsp;&nbsp; — |
| Foreign currency translations | &nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp; 42 |
|  | &nbsp;&nbsp; 6660873 | &nbsp;&nbsp;&nbsp; 18507289 |
| Net realized and unrealized gain | &nbsp;&nbsp; 8117382 | &nbsp;&nbsp;&nbsp; 2631928 |
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | &nbsp;&nbsp; $19721206 | &nbsp;&nbsp;&nbsp; $31815277 |
| <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. |

---

*See notes to financial statements.*

Statements of Operations

------

Statements of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | iShares <br>Core 5-10 Year USD Bond ETF  | iShares <br>Core 5-10 Year USD Bond ETF  | iShares <br>Core 10+ Year USD Bond ETF  | iShares <br>Core 10+ Year USD Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |  |  |
| **OPERATIONS** |  |  |  |  |
| Net investment income | &nbsp;&nbsp; $11603824 | &nbsp;&nbsp;&nbsp; $9127045 | &nbsp;&nbsp;&nbsp; $29183349 | &nbsp;&nbsp;&nbsp; $28953284 |
| Net realized gain (loss) | &nbsp;&nbsp; 1456509 | &nbsp;&nbsp;&nbsp; (1452478)<br>| &nbsp;&nbsp;&nbsp; (15875361)<br>| &nbsp;&nbsp;&nbsp; (9420982)<br>|
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 6660873 | &nbsp;&nbsp;&nbsp; 5169888 | &nbsp;&nbsp;&nbsp; 18507289 | &nbsp;&nbsp;&nbsp; 10980993 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 19721206 | &nbsp;&nbsp;&nbsp; 12844455 | &nbsp;&nbsp;&nbsp; 31815277 | &nbsp;&nbsp;&nbsp; 30513295 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(a)</sup> <br>|  |  |  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (11344367)<br>| &nbsp;&nbsp;&nbsp; (8944733)<br>| &nbsp;&nbsp;&nbsp; (29071517)<br>| &nbsp;&nbsp;&nbsp; (28803357)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |  |  |
| Net increase in net assets derived from capital share transactions | &nbsp;&nbsp; 56507633 | &nbsp;&nbsp;&nbsp; 47585126 | &nbsp;&nbsp;&nbsp; 6060969 | &nbsp;&nbsp;&nbsp; 41431534 |
| *NET ASSETS* |  |  |  |  |
| Total increase in net assets | &nbsp;&nbsp; 64884472 | &nbsp;&nbsp;&nbsp; 51484848 | &nbsp;&nbsp;&nbsp; 8804729 | &nbsp;&nbsp;&nbsp; 43141472 |
| Beginning of year | &nbsp;&nbsp; 221818415 | &nbsp;&nbsp;&nbsp; 170333567 | &nbsp;&nbsp;&nbsp; 626366653 | &nbsp;&nbsp;&nbsp; 583225181 |
| End of year | &nbsp;&nbsp; $286702887 | &nbsp;&nbsp;&nbsp; $221818415 | &nbsp;&nbsp;&nbsp; $635171382 | &nbsp;&nbsp;&nbsp; $626366653 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares Core 5-10 Year USD Bond ETF  | iShares Core 5-10 Year USD Bond ETF  | iShares Core 5-10 Year USD Bond ETF  | iShares Core 5-10 Year USD Bond ETF  | iShares Core 5-10 Year USD Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $43.49 | &nbsp;&nbsp;&nbsp; $42.58 | &nbsp;&nbsp;&nbsp; $42.85 | &nbsp;&nbsp;&nbsp; $48.76 | &nbsp;&nbsp;&nbsp; $51.55 |
| Net investment income<sup>(a)</sup> | 1.96 | &nbsp;&nbsp;&nbsp;&nbsp;1.92 | &nbsp;&nbsp;&nbsp;&nbsp;1.82 | &nbsp;&nbsp;&nbsp;&nbsp;1.39 | &nbsp;&nbsp;&nbsp;&nbsp;0.91 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 1.29 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 | &nbsp;&nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp;&nbsp; (6.00)<br>| &nbsp;&nbsp;&nbsp; (2.46)<br>|
| Net increase (decrease) from investment operations | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;2.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.54 | &nbsp;&nbsp;&nbsp; (4.61)<br>| &nbsp;&nbsp;&nbsp; (1.55)<br>|
| **Distributions**<sup>(c)</sup> <br>|  |  |  |  |  |
| From net investment income | &nbsp;&nbsp; (1.94)<br>| &nbsp;&nbsp;&nbsp; (1.89)<br>| &nbsp;&nbsp;&nbsp; (1.81)<br>| &nbsp;&nbsp;&nbsp; (1.30)<br>| &nbsp;&nbsp;&nbsp; (0.86)<br>|
| From net realized gain | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.38)<br>|
| Total distributions | &nbsp;&nbsp; (1.94)<br>| &nbsp;&nbsp;&nbsp; (1.89)<br>| &nbsp;&nbsp;&nbsp; (1.81)<br>| &nbsp;&nbsp;&nbsp; (1.30)<br>| &nbsp;&nbsp;&nbsp; (1.24)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $44.80 | &nbsp;&nbsp;&nbsp; $43.49 | &nbsp;&nbsp;&nbsp; $42.58 | &nbsp;&nbsp;&nbsp; $42.85 | &nbsp;&nbsp;&nbsp; $48.76 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 7.65<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.74<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.69<br> %<br>| &nbsp;&nbsp;&nbsp; (9.51)%<br>| &nbsp;&nbsp;&nbsp; (3.07)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>|
| Total expenses after fees waived | 0.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br> %<br>|
| Net investment income | 4.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.79<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $286703 | &nbsp;&nbsp;&nbsp; $221818 | &nbsp;&nbsp;&nbsp; $170334 | &nbsp;&nbsp;&nbsp; $162844 | &nbsp;&nbsp;&nbsp; $107265 |
| Portfolio turnover rate<sup>(f)(g)</sup> | &nbsp;&nbsp; 265<br> %<br>| &nbsp;&nbsp;&nbsp; 304<br> %<br>| &nbsp;&nbsp;&nbsp; 300<br> %<br>| &nbsp;&nbsp;&nbsp; 335<br> %<br>| &nbsp;&nbsp;&nbsp; 279<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |
| <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). |

---

*See notes to financial statements.*

Financial Highlights

------

Financial Highlights(continued)

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares Core 10+ Year USD Bond ETF  | iShares Core 10+ Year USD Bond ETF  | iShares Core 10+ Year USD Bond ETF  | iShares Core 10+ Year USD Bond ETF  | iShares Core 10+ Year USD Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $50.72 | &nbsp;&nbsp;&nbsp; $50.50 | &nbsp;&nbsp;&nbsp; $51.61 | &nbsp;&nbsp;&nbsp; $66.64 | &nbsp;&nbsp;&nbsp; $71.04 |
| Net investment income<sup>(a)</sup> | 2.41 | &nbsp;&nbsp;&nbsp;&nbsp;2.40 | &nbsp;&nbsp;&nbsp;&nbsp;2.35 | &nbsp;&nbsp;&nbsp;&nbsp;2.21 | &nbsp;&nbsp;&nbsp;&nbsp;2.17 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 0.29 | &nbsp;&nbsp;&nbsp;&nbsp;0.22 | &nbsp;&nbsp;&nbsp; (1.15)<br>| &nbsp;&nbsp;&nbsp; (15.04)<br>| &nbsp;&nbsp;&nbsp; (4.38)<br>|
| Net increase (decrease) from investment operations | 2.70 | &nbsp;&nbsp;&nbsp;&nbsp;2.62 | &nbsp;&nbsp;&nbsp;&nbsp;1.20 | &nbsp;&nbsp;&nbsp; (12.83)<br>| &nbsp;&nbsp;&nbsp; (2.21)<br>|
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (2.40)<br>| &nbsp;&nbsp;&nbsp; (2.40)<br>| &nbsp;&nbsp;&nbsp; (2.31)<br>| &nbsp;&nbsp;&nbsp; (2.20)<br>| &nbsp;&nbsp;&nbsp; (2.19)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $51.02 | &nbsp;&nbsp;&nbsp; $50.72 | &nbsp;&nbsp;&nbsp; $50.50 | &nbsp;&nbsp;&nbsp; $51.61 | &nbsp;&nbsp;&nbsp; $66.64 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 5.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.42<br> %<br>| &nbsp;&nbsp;&nbsp; (19.44)%<br>| &nbsp;&nbsp;&nbsp; (3.23)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>|
| Net investment income | 4.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.76<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.66<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.05<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $635171 | &nbsp;&nbsp;&nbsp; $626367 | &nbsp;&nbsp;&nbsp; $583225 | &nbsp;&nbsp;&nbsp; $338029 | &nbsp;&nbsp;&nbsp; $306529 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 13<br> %<br>| &nbsp;&nbsp;&nbsp; 8<br> %<br>| &nbsp;&nbsp;&nbsp; 9<br> %<br>| &nbsp;&nbsp;&nbsp; 10<br> %<br>| &nbsp;&nbsp;&nbsp; 15<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***1. ORGANIZATION***

iShares Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following funds (each, a "Fund" and collectively, the "Funds"):

<u> *iShares ETF* </u> <u> *Diversification* *Classification* </u> <br> Core 5-10 Year USD Bond Diversified <br> Core 10+ Year USD Bond Diversified

***2. SIGNIFICANT ACCOUNTING POLICIES***

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

**Investment Transactions and Income Recognition:** For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed (the "trade dates"). Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Upon notification from issuers or as estimated by management, a portion of the dividend income received from a real estate investment trust may be redesignated as a reduction of cost of the related investment and/or realized gain. Interest income, including amortization and accretion of premiums and discounts on debt securities, and payment-in-kind interest are recognized daily on an accrual basis.

**Foreign Currency Translation:** Each Fund's books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates determined as of the close of trading on the New York Stock Exchange ("NYSE"). Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.

Each Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.

**Cash:** The Funds may maintain cash at their custodian which, at times may exceed United States federally insured limits. The Funds may, at times, have outstanding cash disbursements that exceed deposited cash amounts at the custodian during the reporting period. The Funds are obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statements of Operations.

**In-kind Redemptions:** For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds' tax year. These reclassifications have no effect on net assets or net asset value ("NAV") per share.

**Distributions:** Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds.

**Indemnifications:** In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds' maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

**Segment Reporting:** The Chief Financial Officer acts as the Funds' Chief Operating Decision Maker ("CODM") and is responsible for assessing performance and allocating resources with respect to each Fund. The CODM has concluded that each Fund operates as a single operating segment since each Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within each Fund's financial statements.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

**Recent Accounting Standard:** The Funds adopted Financial Accounting Standards Board Update 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures ("ASU 2023-09") during the period. ASU 2023-09 enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The Funds' adoption of the new standard did not have a material impact on financial statement disclosures and did not affect each Fund's financial position or results of operations.

***3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS***

**Investment Valuation Policies:** Each Fund's investments are valued at fair value (also referred to as "market value" within the financial statements) each day that the Fund's listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Trustees of the Trust (the "Board") of each Fund has approved the designation of BlackRock Fund Advisors ("BFA"), the Funds' investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA's policies. If a security's market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA's policies and procedures as reflecting fair value. BFA has formed a committee (the "Valuation Committee") to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

**Fair Value Inputs and Methodologies:** The following methods and inputs are used to establish the fair value of each Fund's assets and liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed-income investments and certain derivative instruments for which market quotations are readily available are generally valued using the last available bid price provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots of securities in certain asset classes may trade at lower prices than institutional round lots, and the value ultimately realized when the securities are sold could differ from the prices used by a fund. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

&nbsp;&nbsp;&nbsp;&nbsp;• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day's NAV.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee in accordance with BFA's policies and procedures as reflecting fair value ("Fair Valued Investments"). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm's-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement as of the measurement date.

Fair value pricing could result in a difference between the prices used to calculate a fund's NAV and the prices used by the fund's underlying index, which in turn could result in a difference between the fund's performance and the performance of the fund's underlying index.

**Fair Value Hierarchy:** Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that each Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***4. SECURITIES AND OTHER INVESTMENTS***

**Asset-Backed and Mortgage-Backed Securities:** Asset-backed securities are generally issued as pass-through certificates or as debt instruments. Asset-backed securities issued as pass-through certificates represent undivided fractional ownership interests in an underlying pool of assets. Asset-backed securities issued as debt instruments, which are also known as collateralized obligations, are typically issued as the debt of a special purpose entity organized solely for the purpose of owning such assets and issuing such debt. Asset-backed securities are often backed by a pool of assets representing the obligations of a number of different parties. The yield characteristics of certain asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal part of the obligations may be prepaid at any time because the underlying assets (i.e., loans) may be prepaid at any time. As a result, a decrease in interest rates in the market may result in increases in the level of prepayments as borrowers, particularly mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security will have the effect of shortening the maturity of the security. In addition, a fund may subsequently have to reinvest the proceeds at lower interest rates. If a fund has purchased such an asset-backed security at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium paid.

For mortgage pass-through securities (the "Mortgage Assets") there are a number of important differences among the agencies and instrumentalities of the U.S. Government that issue mortgage-related securities and among the securities that they issue. For example, mortgage-related securities guaranteed by Ginnie Mae are guaranteed as to the timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage-related securities issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed mortgage pass-through certificates, which are solely the obligations of Freddie Mac and Fannie Mae, are not backed by or entitled to the full faith and credit of the United States, but are supported by the right of the issuer to borrow from the U.S. Treasury.

Non-agency mortgage-backed securities are securities issued by non-governmental issuers and have no direct or indirect government guarantees of payment and are subject to various risks. Non-agency mortgage loans are obligations of the borrowers thereunder only and are not typically insured or guaranteed by any other person or entity. The ability of a borrower to repay a loan is dependent upon the income or assets of the borrower. A number of factors, including a general economic downturn, acts of God, terrorism, social unrest and civil disturbances, may impair a borrower's ability to repay its loans.

**Zero-Coupon Bonds:** Zero-coupon bonds are normally issued at a significant discount from face value and do not provide for periodic interest payments. These bonds may experience greater volatility in market value than other debt obligations of similar maturity which provide for regular interest payments.

**TBA Commitments:** TBA commitments are forward agreements for the purchase or sale of securities, including mortgage-backed securities for a fixed price, with payment and delivery on an agreed upon future settlement date. The specific securities to be delivered are not identified at the trade date. However, delivered securities must meet specified terms, including issuer, rate and mortgage terms. When entering into TBA commitments, a fund may take possession of or deliver the underlying mortgage-backed securities but can extend the settlement or roll the transaction. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date, if there are expenses or delays in connection with the TBA transactions, or if the counterparty fails to complete the transaction.

**Mortgage Dollar Roll Transactions:** The Funds may sell TBA mortgage-backed securities and simultaneously contract to repurchase substantially similar (i.e., same type, coupon and maturity) securities on a specific future date at an agreed upon price. During the period between the sale and repurchase, a fund is not entitled to receive interest and principal payments on the securities sold. Mortgage dollar roll transactions are treated as purchases and sales and a fund realizes gains and losses on these transactions. Mortgage dollar rolls involve the risk that the market value of the securities that a fund is required to purchase may decline below the agreed upon repurchase price of those securities.

**Securities Lending:** Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. Government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current market value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund's Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an "MSLA") which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty's bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties' obligations to return the securities or collateral to the other party are extinguished, and

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party's net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF and Counterparty* | *Securities Loaned* <br>*at Value*<br>| &nbsp;&nbsp; *Cash Collateral* <br>*Received*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Non-Cash Collateral* <br>*Received, at Fair Value*<sup>(a)</sup> <br>| *Net Amount* |
| Core 5-10 Year USD Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $331615 | &nbsp;&nbsp;&nbsp; $(331615) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| BNP Paribas SA | &nbsp;&nbsp; 310718 | &nbsp;&nbsp;&nbsp; (310718) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 83497 | &nbsp;&nbsp;&nbsp; (83497) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 24997 | &nbsp;&nbsp;&nbsp; (24997) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 418286 | &nbsp;&nbsp;&nbsp; (418286) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 170074 | &nbsp;&nbsp;&nbsp; (170074) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 148324 | &nbsp;&nbsp;&nbsp; (148324) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Nomura Securities International, Inc. | &nbsp;&nbsp; 16430 | &nbsp;&nbsp;&nbsp; (16430) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 67796 | &nbsp;&nbsp;&nbsp; (67796) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 180908 | &nbsp;&nbsp;&nbsp; (180908) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 32557 | &nbsp;&nbsp;&nbsp; (32557) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $1785202 | &nbsp;&nbsp;&nbsp; $(1785202) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Core 10+ Year USD Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $578783 | &nbsp;&nbsp;&nbsp; $(578783) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| BNP Paribas SA | &nbsp;&nbsp; 443850 | &nbsp;&nbsp;&nbsp; (443850) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 285910 | &nbsp;&nbsp;&nbsp; (285910) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 497412 | &nbsp;&nbsp;&nbsp; (497412) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 457499 | &nbsp;&nbsp;&nbsp; (457499) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 1993984 | &nbsp;&nbsp;&nbsp; (1993984) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 314044 | &nbsp;&nbsp;&nbsp; (314044) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| MUFG Securities Americas Inc. | &nbsp;&nbsp; 18647 | &nbsp;&nbsp;&nbsp; (18647) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 102395 | &nbsp;&nbsp;&nbsp; (102395) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 102359 | &nbsp;&nbsp;&nbsp; (102359) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 123311 | &nbsp;&nbsp;&nbsp; (123311) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 158293 | &nbsp;&nbsp;&nbsp; (158293) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS AG | &nbsp;&nbsp; 162322 | &nbsp;&nbsp;&nbsp; (162322) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $5238809 | &nbsp;&nbsp;&nbsp; $(5238809) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund's Statements of Assets and Liabilities. 

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock Finance, Inc. BlackRock Finance, Inc.'s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.

***5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES***

**Investment Advisory Fees:** Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund's assets. BFA is a California corporation indirectly owned by BlackRock, Inc. ("BlackRock"). Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to each Fund, BFA is entitled to an annual investment advisory fee of 0.06%, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund.

**Expense Waivers:** A fund may incur its pro rata share of fees and expenses attributable to its investments in other investment companies ("acquired fund fees and expenses"). The total of the investment advisory fee and acquired fund fees and expenses, if any, is a fund's total annual operating expenses. Total expenses as shown in the Statements of Operations does not include acquired fund fees and expenses.

For the iShares Core 5-10 Year USD Bond ETF, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through February 28, 2031 in an amount equal to the acquired fund fees and expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA or its affiliates.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

This amount is included in investment advisory fees waived in the Statements of Operations. For the year ended February 28, 2026, the amounts waived in investment advisory fees pursuant to this arrangement were as follows:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts Waived* |
| Core 5-10 Year USD Bond | &nbsp;&nbsp; $27234 |

---

**Distributor:** BlackRock Investments, LLC ("BRIL"), an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

**ETF Servicing Fees:** Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units ("ETF Services"). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.

**Securities Lending:** The U.S. Securities and Exchange Commission ("SEC") has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. ("BTC"), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the "collateral investment fees"). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. BlackRock Cash Funds: Institutional may impose a discretionary liquidity fee of up to 2% on all redemptions. Discretionary liquidity fees may be imposed or terminated at any time at the discretion of the board of directors of the money market fund, or its delegate, if it is determined that such fee would be, or would not be, respectively, in the best interest of the money market fund. Additionally, BlackRock Cash Funds: Institutional will impose a mandatory liquidity fee if the money market fund's total net redemptions on a single day exceed 5% of the money market fund's net assets, unless the amount of the fee is less than 0.01% of the value of the shares redeemed. BlackRock Cash Funds: Institutional will determine the size of the mandatory liquidity fee by making a good faith estimate of certain costs the money market fund would incur if it were to sell a pro rata amount of each security in the portfolio to satisfy the amount of net redemptions on that day. There is no limit to the size of a mandatory liquidity fee. If BlackRock Cash Funds: Institutional cannot estimate the costs of selling a pro rata amount of each portfolio security in good faith and supported by data, it is required to apply a default liquidity fee of 1% on the value of shares redeemed on that day.

Securities lending income is generally equal to the total of income earned from the reinvestment of cash collateral (and excludes collateral investment fees), and any fees or other payments to and from borrowers of securities. Each Fund retains a portion of the securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across the iShares ETF Complex in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 28, 2026, the Funds paid BTC the following amounts for securities lending agent services:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts* |
| Core 5-10 Year USD Bond | &nbsp;&nbsp; $2685 |
| Core 10+ Year USD Bond | &nbsp;&nbsp; 9711 |

---

**Trustees and Officers:** Certain trustees and/or officers of the Trust are directors and/or officers of BlackRock or its affiliates.

**Other Transactions:** Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund's underlying index.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***6. PURCHASES AND SALES***

For the year ended February 28, 2026, purchases and sales of investments, including mortgage dollar rolls and excluding short-term securities and in-kind transactions, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *U.S. Government Securities* | *U.S. Government Securities* | *Other Securities* | *Other Securities* |
| *iShares ETF* | &nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* | &nbsp;&nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* |
| Core 5-10 Year USD Bond | &nbsp;&nbsp; $677242833 | &nbsp;&nbsp;&nbsp; $653673815 | &nbsp;&nbsp;&nbsp; $23418234 | &nbsp;&nbsp;&nbsp; $20874006 |
| Core 10+ Year USD Bond | &nbsp;&nbsp; 50573439 | &nbsp;&nbsp;&nbsp; 34007167 | &nbsp;&nbsp;&nbsp; 25824980 | &nbsp;&nbsp;&nbsp; 41763464 |

---

For the year ended February 28, 2026, in-kind transactions were as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *In-kind* <br>*Purchases*<br>| &nbsp;&nbsp; *In-kind* <br>*Sales*<br>|
| Core 5-10 Year USD Bond | &nbsp;&nbsp; $30483267 | &nbsp;&nbsp;&nbsp; $2102299 |
| Core 10+ Year USD Bond | &nbsp;&nbsp; 73739683 | &nbsp;&nbsp;&nbsp; 67798766 |

---

***7. INCOME TAX INFORMATION***

Each Fund is treated as an entity separate from the Trust's other funds for federal income tax purposes. It is each Fund's policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of February 28, 2026, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds' financial statements. Management's analysis is based on the tax laws and judicial and administrative interpretations thereof in effect as of the date of these financial statements, all of which are subject to change, possibly with retroactive effect, which may impact the Funds' NAV.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 28, 2026, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Paid-in Capital* | &nbsp;&nbsp; *Accumulated* <br>*Earnings (Loss)*<br>|
| Core 5-10 Year USD Bond | &nbsp;&nbsp; $4742 | &nbsp;&nbsp;&nbsp; $(4742) |
| Core 10+ Year USD Bond | &nbsp;&nbsp; (3858422) | &nbsp;&nbsp;&nbsp; 3858422 |

---

The tax character of distributions paid was as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Year Ended* <br>*02/28/26*<br>| &nbsp;&nbsp; *Year Ended* <br>*02/28/25*<br>|
| Core 5-10 Year USD Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $11344367 | &nbsp;&nbsp;&nbsp; $8944733 |
| Core 10+ Year USD Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $29071517 | &nbsp;&nbsp;&nbsp; $28803357 |

---

As of February 28, 2026, the tax components of accumulated earnings (loss) were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Undistributed* <br>*Ordinary Income*<br>| &nbsp;&nbsp; *Non-expiring* <br>*Capital Loss* <br>*Carryforwards*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Net Unrealized* <br>*Gains (Losses)*<sup>(b)</sup> <br>| *Total* |
| Core 5-10 Year USD Bond | &nbsp;&nbsp; $1012558 | &nbsp;&nbsp;&nbsp; $(5998520) | &nbsp;&nbsp;&nbsp; $1502975 | &nbsp;&nbsp;&nbsp; $(3482987) |
| Core 10+ Year USD Bond | &nbsp;&nbsp; 2509029 | &nbsp;&nbsp;&nbsp; (31149412) | &nbsp;&nbsp;&nbsp; (60958513) | &nbsp;&nbsp;&nbsp; (89598896) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Amounts available to offset future realized capital gains.

<sup>(b)</sup> The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities, the classification of investments and TBA transactions. 

For the year ended February 28, 2026, the iShares Core 5-10 Year USD Bond ETF utilized $1,457,760 of its capital loss carryforwards.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

As of February 28, 2026, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Tax Cost* | &nbsp;&nbsp; *Gross Unrealized* <br>*Appreciation*<br>| &nbsp;&nbsp; *Gross Unrealized* <br>*Depreciation*<br>| &nbsp;&nbsp; *Net Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Core 5-10 Year USD Bond | &nbsp;&nbsp; $311799152 | &nbsp;&nbsp;&nbsp; $5823337 | &nbsp;&nbsp;&nbsp; $(4320372) | &nbsp;&nbsp;&nbsp; $1502965 |
| Core 10+ Year USD Bond | &nbsp;&nbsp; 694716655 | &nbsp;&nbsp;&nbsp; 6240472 | &nbsp;&nbsp;&nbsp; (67199018) | &nbsp;&nbsp;&nbsp; (60958546) |

---

***8. PRINCIPAL RISKS***

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject each Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund's prospectus provides details of the risks to which the Fund is subject.

BFA uses an indexing approach to try to achieve each Fund's investment objective. The Funds are not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to mandatory and discretionary liquidity fees under certain circumstances.

**Market Risk:** Each Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force each Fund to reinvest in lower yielding securities. Each Fund may also be exposed to reinvestment risk, which is the risk that income from each Fund's portfolio will decline if each Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below each Fund portfolio's current earnings rate.

Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions, credit rating downgrades, or the bankruptcy of the issuer could have a significant effect on an issuer's ability to make payments of principal and/or interest or otherwise affect the value of such securities. Municipal securities can be significantly affected by political or economic changes, including changes made in the law after issuance of the securities, as well as uncertainties in the municipal market related to, taxation, legislative changes or the rights of municipal security holders, including in connection with an issuer insolvency. Municipal securities backed by current or anticipated revenues from a specific project or specific assets can be negatively affected by the discontinuance of the tax benefits supporting the project or assets or the inability to collect revenues for the project or from the assets. Municipal securities may be less liquid than taxable bonds, and there may be less publicly available information on the financial condition of municipal security issuers than for issuers of other securities.

**Valuation Risk:** The price each Fund could receive upon the sale of any particular portfolio investment may differ from each Fund's valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an independent pricing service. Changes to significant unobservable inputs and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of observable inputs may significantly impact the resulting fair value and therefore each Fund's results of operations. As a result, the price received upon the sale of an investment may be less than the value ascribed by each Fund, and each Fund could realize a greater than expected loss or lesser than expected gain upon the sale of the investment.

**Counterparty Credit Risk:** The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds' exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

**Geographic/Asset Class Risk:** A diversified portfolio, where this is appropriate and consistent with a fund's objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund's portfolio are disclosed in its Schedule of Investments.

The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative "debt ceiling." Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the Funds invest.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates during a period of historically low interest rates. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility, and could negatively impact the Funds' performance.

The Funds invest a significant portion of their assets in securities backed by commercial or residential mortgage loans or in issuers that hold mortgage and other asset-backed securities. When a fund concentrates its investments in this manner, it assumes a greater risk of prepayment or payment extension by securities issuers. Changes in economic conditions, including delinquencies and/or defaults on assets underlying these securities, can affect the value, income and/or liquidity of such positions. Investment percentages in these securities are presented in the Schedule of Investments.

**Significant Shareholder Redemption Risk:** Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund's NAV, increase the fund's brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

***9. CAPITAL SHARE TRANSACTIONS***

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof ("Creation Units") at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

Transactions in capital shares were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Year Ended <br>02/28/26 | Year Ended <br>02/28/26 | Year Ended <br>02/28/25 | Year Ended <br>02/28/25 |
| *iShares ETF* | *Shares* | *Amount* | *Shares* | *Amount* |
| Core 5-10 Year USD Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp; $60813879 | &nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp; $73389359 |
| Shares redeemed | &nbsp;&nbsp; (100000)<br>| &nbsp;&nbsp;&nbsp; (4306246)<br>| &nbsp;&nbsp;&nbsp; (600000)<br>| &nbsp;&nbsp;&nbsp; (25804233)<br>|
|  | &nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp; $56507633 | &nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp; $47585126 |
| Core 10+ Year USD Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; $74753072 | &nbsp;&nbsp;&nbsp; 3300000 | &nbsp;&nbsp;&nbsp; $167944199 |
| Shares redeemed | &nbsp;&nbsp; (1400000)<br>| &nbsp;&nbsp;&nbsp; (68692103)<br>| &nbsp;&nbsp;&nbsp; (2500000)<br>| &nbsp;&nbsp;&nbsp; (126512665)<br>|
|  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; $6060969 | &nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp; $41431534 |

---

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to BRIL, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

To the extent applicable, to facilitate the timely settlement of orders for the Funds using a clearing facility outside of the continuous net settlement process, the Funds, at their sole discretion, may permit an Authorized Participant to post cash as collateral in anticipation of the delivery of all or a portion of the applicable Deposit Securities or Fund Securities, as further described in the applicable Authorized Participant Agreement. The collateral process is subject to a Control Agreement among the Authorized Participant, each Funds' custodian, and the Funds. In the event that the Authorized Participant fails to deliver all or a portion of the applicable Deposit Securities or Fund Securities, the Funds may exercise control over such collateral pursuant to the terms of the Control Agreement in order to purchase the applicable Deposit Securities or Fund Securities.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

***10. SUBSEQUENT EVENTS***

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

2026 iShares Annual Financial Statements and Additional Information

------

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

iShares Trust and Shareholders of each of the two funds listed in the table below

***Opinions on the Financial Statements***

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (two of the funds constituting iShares Trust, hereafter collectively referred to as the "Funds") as of February 28, 2026, the related statements of operations for the year ended February 28, 2026, the statements of changes in net assets for each of the two years in the period ended February 28, 2026, including the related notes, and the financial highlights for each of the five years in the period ended February 28, 2026 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds listed in the table below as of February 28, 2026, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 28, 2026 and each of the financial highlights for each of the five years in the period ended February 28, 2026 in conformity with accounting principles generally accepted in the United States of America.

iShares Core 5-10 Year USD Bond ETF <br> iShares Core 10+ Year USD Bond ETF

***Basis for Opinions***

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 21, 2026

We have served as the auditor of one or more BlackRock investment companies since 2000.

Report of Independent Registered Public Accounting Firm

------

Important Tax Information (unaudited)

The Funds hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Federal Obligation* <br>*Interest*<br>|
| Core 5-10 Year USD Bond | &nbsp;&nbsp; $2249280 |
| Core 10+ Year USD Bond | &nbsp;&nbsp; 11082141 |

---

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest Dividends* |
| Core 5-10 Year USD Bond | &nbsp;&nbsp; $11575739 |
| Core 10+ Year USD Bond | &nbsp;&nbsp; 29111735 |

---

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest-Related* <br>*Dividends*<br>|
| Core 5-10 Year USD Bond | &nbsp;&nbsp; $10439782 |
| Core 10+ Year USD Bond | &nbsp;&nbsp; 23620858 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Additional Information

**Premium/Discount Information**

Information on the Fund's net asset value, market price, premiums and discounts, and bid-ask spreads can be found at **iShares.com**.

**Electronic Delivery**

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at **iShares.com**. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

To enroll in electronic delivery:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Go to **icsdelivery.com**.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

**Changes in and Disagreements with Accountants** 

Not applicable.

**Proxy Results**

Not applicable.

**Remuneration Paid to Trustees, Officers, and Others** 

Because BFA has agreed in the Investment Advisory Agreements to cover all operating expenses of the Funds, subject to certain exclusions as provided for therein, BFA pays the compensation to each Independent Trustee for services to the Funds from BFA's investment advisory fees.

**Availability of Portfolio Holdings Information**

A description of the Company's policies and procedures with respect to the disclosure of the Fund's portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets, when available, at **iShares.com**.

Additional Information

------

Glossary of Terms Used in these Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| BAB | Build America Bond |
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury |
| GO | General Obligation |
| GOL | General Obligation Limited |
| PIK | Payment-in-kind |
| PJSC | Public Joint Stock Company |
| RB | Revenue Bonds |
| REIT | Real Estate Investment Trust |
| SCA | Svenska Celluosa Aktiebolaget |
| SOFR | Secured Overnight Financing Rate |
| TBA | To-Be-Announced |

---

2026 iShares Annual Financial Statements and Additional Information

------

Want to know more?

**iShares.com** \| 1-800-474-2737

**This report is intended for the Funds' shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.**

**Investing involves risk, including possible loss of principal.**

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg Index Services Limited, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. All rights reserved. **iSHARES** and **BLACKROCK** are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

![](g147625img7fcb2c832.gif)

![](g147625img41369b6c3.gif)

------

February 28, 2026

![](g147625img66293ba71.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; 2026 Annual Financial Statements <br> and Additional Information <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **iShares Trust** |
| • iShares Broad USD Investment Grade Corporate Bond ETF \| USIG \| NASDAQ |
| • iShares 1-5 Year Investment Grade Corporate Bond ETF \| IGSB \| NASDAQ |
| • iShares 5-10 Year Investment Grade Corporate Bond ETF \| IGIB \| NASDAQ |
| • iShares 10+ Year Investment Grade Corporate Bond ETF \| IGLB \| NYSE Arca |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Page |
| [Schedules of Investments](#xx_06d5427c-45e2-4d49-9feb-fe7cc79870d8_SOIs-Footer-iSharesReport_1)  | &nbsp;&nbsp; 3 |
| [Statements of Assets and Liabilities](#xx_06d5427c-45e2-4d49-9feb-fe7cc79870d8_FS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 237 |
| [Statements of Operations](#xx_06d5427c-45e2-4d49-9feb-fe7cc79870d8_FS-Footer-iSharesReport_2)  | &nbsp;&nbsp; 238 |
| [Statements of Changes in Net Assets](#xx_06d5427c-45e2-4d49-9feb-fe7cc79870d8_FS-Footer-iSharesReport_3)  | &nbsp;&nbsp; 239 |
| [Financial Highlights](#xx_06d5427c-45e2-4d49-9feb-fe7cc79870d8_FS-Footer-iSharesReport_5)  | &nbsp;&nbsp; 241 |
| [Notes to Financial Statements](#xx_06d5427c-45e2-4d49-9feb-fe7cc79870d8_NTFS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 245 |
| [Report of Independent Registered Public Accounting Firm](#xx_06d5427c-45e2-4d49-9feb-fe7cc79870d8_opinion-Footer-iSharesReport_1)  | &nbsp;&nbsp; 255 |
| [Important Tax Information](#xx_06d5427c-45e2-4d49-9feb-fe7cc79870d8_Tax-annual-Footer-iSharesReport-207_1)  | &nbsp;&nbsp; 256 |
| [Additional Information](#xx_06d5427c-45e2-4d49-9feb-fe7cc79870d8_SAI-Footer-iSharesReport_1)  | &nbsp;&nbsp; 257 |
| [Glossary of Terms Used in these Financial Statements](#xx_06d5427c-45e2-4d49-9feb-fe7cc79870d8_Abbreviations-Footer-iSharesReport_1)  | &nbsp;&nbsp; 259 |

---

------

Schedule of Investments

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.1%** | **Advertising — 0.1%** | **Advertising — 0.1%** |
| Omnicom Group, Inc. |  |  |
| 2.40%, 03/01/31 | &nbsp;&nbsp; $917 | $836124 |
| 2.45%, 04/30/30 | &nbsp;&nbsp; 2083 | 1939361 |
| 2.60%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1535 | 1398822 |
| 3.38%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 964 | 737313 |
| 4.20%, 03/02/29 | &nbsp;&nbsp; 545 | 546205 |
| 4.20%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1357 | 1356609 |
| 4.65%, 10/01/28 | &nbsp;&nbsp; 1793 | 1812891 |
| 4.75%, 03/30/30<sup>(a)</sup> | &nbsp;&nbsp; 1470 | 1498970 |
| 5.00%, 06/02/33 | &nbsp;&nbsp; 675 | 675089 |
| 5.30%, 11/01/34<sup>(a)</sup> | &nbsp;&nbsp; 545 | 549466 |
| 5.30%, 06/02/36 | &nbsp;&nbsp; 675 | 669947 |
| 5.38%, 06/15/33 | &nbsp;&nbsp; 768 | 794544 |
| 5.40%, 10/01/48<sup>(a)</sup> | &nbsp;&nbsp; 511 | 461904 |
|  |  | 13277245 |
| **Aerospace & Defense — 1.6%** | **Aerospace & Defense — 1.6%** | **Aerospace & Defense — 1.6%** |
| Airbus SE |  |  |
| 3.15%, 04/10/27<sup>(b)</sup> | &nbsp;&nbsp; 1290 | 1282643 |
| 3.95%, 04/10/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 1255 | 1049473 |
| BAE Systems Finance, Inc., 7.50%, 07/01/27<sup>(b)</sup> | &nbsp;&nbsp; 1075 | 1125479 |
| BAE Systems Holdings, Inc., 4.75%, <br> 10/07/44<sup>(b)</sup><br>| &nbsp;&nbsp; 818 | 768767 |
| BAE Systems PLC |  |  |
| 1.90%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 3220 | 2900902 |
| 3.00%, 09/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1435 | 983611 |
| 3.40%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp; 2735 | 2671574 |
| 5.00%, 03/26/27<sup>(b)</sup> | &nbsp;&nbsp; 160 | 161899 |
| 5.13%, 03/26/29<sup>(b)</sup> | &nbsp;&nbsp; 1995 | 2066630 |
| 5.25%, 03/26/31<sup>(b)</sup> | &nbsp;&nbsp; 660 | 691442 |
| 5.30%, 03/26/34<sup>(b)</sup> | &nbsp;&nbsp; 2515 | 2647992 |
| 5.50%, 03/26/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 1175 | 1210257 |
| 5.80%, 10/11/41<sup>(b)</sup> | &nbsp;&nbsp; 852 | 909597 |
| Boeing Co.(The) |  |  |
| 2.80%, 03/01/27 | &nbsp;&nbsp; 562 | 555610 |
| 2.95%, 02/01/30 | &nbsp;&nbsp; 1185 | 1136516 |
| 3.20%, 03/01/29 | &nbsp;&nbsp; 1750 | 1709911 |
| 3.25%, 02/01/28 | &nbsp;&nbsp; 1677 | 1656933 |
| 3.25%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 922 | 910579 |
| 3.25%, 02/01/35 | &nbsp;&nbsp; 1501 | 1338096 |
| 3.30%, 03/01/35 | &nbsp;&nbsp; 572 | 506225 |
| 3.38%, 06/15/46 | &nbsp;&nbsp; 910 | 653893 |
| 3.45%, 11/01/28 | &nbsp;&nbsp; 892 | 881836 |
| 3.50%, 03/01/39 | &nbsp;&nbsp; 871 | 730359 |
| 3.50%, 03/01/45 | &nbsp;&nbsp; 464 | 336143 |
| 3.55%, 03/01/38 | &nbsp;&nbsp; 950 | 816557 |
| 3.60%, 05/01/34 | &nbsp;&nbsp; 1633 | 1506226 |
| 3.63%, 02/01/31 | &nbsp;&nbsp; 3035 | 2948023 |
| 3.63%, 03/01/48 | &nbsp;&nbsp; 1133 | 827179 |
| 3.65%, 03/01/47 | &nbsp;&nbsp; 785 | 584061 |
| 3.75%, 02/01/50 | &nbsp;&nbsp; 3358 | 2493341 |
| 3.83%, 03/01/59 | &nbsp;&nbsp; 569 | 400531 |
| 3.85%, 11/01/48 | &nbsp;&nbsp; 731 | 555617 |
| 3.90%, 05/01/49 | &nbsp;&nbsp; 1392 | 1064136 |
| 3.95%, 08/01/59 | &nbsp;&nbsp; 2642 | 1893474 |
| 5.04%, 05/01/27 | &nbsp;&nbsp; 2870 | 2900177 |
| 5.15%, 05/01/30 | &nbsp;&nbsp; 8010 | 8296274 |
| 5.71%, 05/01/40<sup>(a)</sup> | &nbsp;&nbsp; 5040 | 5243793 |
| 5.81%, 05/01/50 | &nbsp;&nbsp; 9989 | 10029356 |
| 5.88%, 02/15/40 | &nbsp;&nbsp; 1500 | 1568636 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| 5.93%, 05/01/60 | &nbsp;&nbsp; $5977 | $5994448 |
| 6.13%, 02/15/33 | &nbsp;&nbsp; 869 | 949848 |
| 6.26%, 05/01/27 | &nbsp;&nbsp; 1115 | 1142248 |
| 6.30%, 05/01/29 | &nbsp;&nbsp; 2970 | 3164974 |
| 6.39%, 05/01/31 | &nbsp;&nbsp; 1435 | 1568557 |
| 6.53%, 05/01/34 | &nbsp;&nbsp; 4424 | 4960086 |
| 6.63%, 02/15/38<sup>(a)</sup> | &nbsp;&nbsp; 772 | 870934 |
| 6.86%, 05/01/54 | &nbsp;&nbsp; 4235 | 4856820 |
| 6.88%, 03/15/39 | &nbsp;&nbsp; 1068 | 1220372 |
| 7.01%, 05/01/64 | &nbsp;&nbsp; 3090 | 3582792 |
| Embraer Netherlands Finance BV |  |  |
| 5.40%, 01/09/38 | &nbsp;&nbsp; 1255 | 1256255 |
| 5.98%, 02/11/35 | &nbsp;&nbsp; 270 | 289913 |
| GE Capital Funding LLC, 4.55%, 05/15/32 | &nbsp;&nbsp; 715 | 728457 |
| GE Capital International Funding Co. Unlimited <br> Co., 4.42%, 11/15/35<br>| &nbsp;&nbsp; 2055 | 2028986 |
| General Dynamics Corp. |  |  |
| 2.25%, 06/01/31 | &nbsp;&nbsp; 968 | 888500 |
| 2.63%, 11/15/27 | &nbsp;&nbsp; 1025 | 1008743 |
| 2.85%, 06/01/41 | &nbsp;&nbsp; 1285 | 991368 |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 1293 | 1291218 |
| 3.60%, 11/15/42 | &nbsp;&nbsp; 584 | 485640 |
| 3.63%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3037 | 3005221 |
| 3.75%, 05/15/28 | &nbsp;&nbsp; 2301 | 2307989 |
| 4.25%, 04/01/40 | &nbsp;&nbsp; 1687 | 1570977 |
| 4.25%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1245 | 1079672 |
| 4.95%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 925 | 956658 |
| General Electric Co. |  |  |
| 4.30%, 07/29/30 | &nbsp;&nbsp; 1115 | 1132679 |
| 4.35%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 890 | 779427 |
| 4.50%, 03/11/44 | &nbsp;&nbsp; 905 | 831328 |
| 4.90%, 01/29/36<sup>(a)</sup> | &nbsp;&nbsp; 1885 | 1933557 |
| 5.88%, 01/14/38 | &nbsp;&nbsp; 1620 | 1780439 |
| 6.15%, 08/07/37 | &nbsp;&nbsp; 520 | 578271 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 1430 | 1634366 |
| 6.88%, 01/10/39 | &nbsp;&nbsp; 1105 | 1313799 |
| HEICO Corp. |  |  |
| 5.25%, 08/01/28 | &nbsp;&nbsp; 1280 | 1317461 |
| 5.35%, 08/01/33 | &nbsp;&nbsp; 955 | 1002351 |
| Hexcel Corp., 5.88%, 02/26/35 | &nbsp;&nbsp; 480 | 510957 |
| Howmet Aerospace, Inc. |  |  |
| 3.00%, 01/15/29 | &nbsp;&nbsp; 1015 | 990592 |
| 3.90%, 04/15/29 | &nbsp;&nbsp; 150 | 150150 |
| 4.55%, 11/15/32 | &nbsp;&nbsp; 660 | 672688 |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 345 | 358142 |
| 5.95%, 02/01/37<sup>(a)</sup> | &nbsp;&nbsp; 1045 | 1142483 |
| 6.75%, 01/15/28 | &nbsp;&nbsp; 600 | 630924 |
| L3Harris Technologies, Inc. |  |  |
| 1.80%, 01/15/31 | &nbsp;&nbsp; 783 | 701083 |
| 2.90%, 12/15/29 | &nbsp;&nbsp; 1576 | 1513218 |
| 4.40%, 06/15/28 | &nbsp;&nbsp; 3676 | 3703865 |
| 4.85%, 04/27/35 | &nbsp;&nbsp; 917 | 925786 |
| 5.05%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1400 | 1444487 |
| 5.05%, 04/27/45 | &nbsp;&nbsp; 944 | 917805 |
| 5.25%, 06/01/31 | &nbsp;&nbsp; 1975 | 2069544 |
| 5.35%, 06/01/34 | &nbsp;&nbsp; 1630 | 1700802 |
| 5.40%, 07/31/33 | &nbsp;&nbsp; 2305 | 2428429 |
| 5.50%, 08/15/54 | &nbsp;&nbsp; 970 | 963245 |
| 5.60%, 07/31/53 | &nbsp;&nbsp; 1171 | 1178772 |
| 6.15%, 12/15/40 | &nbsp;&nbsp; 511 | 562985 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| Lockheed Martin Corp. |  |  |
| 1.85%, 06/15/30 | &nbsp;&nbsp; $915 | $838780 |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 1236 | 805035 |
| 3.60%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 869 | 813884 |
| 3.80%, 03/01/45 | &nbsp;&nbsp; 2134 | 1751207 |
| 3.90%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1495 | 1485469 |
| 4.07%, 12/15/42 | &nbsp;&nbsp; 2520 | 2203012 |
| 4.09%, 09/15/52 | &nbsp;&nbsp; 2546 | 2064616 |
| 4.15%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 800 | 808179 |
| 4.15%, 06/15/53 | &nbsp;&nbsp; 1515 | 1238691 |
| 4.30%, 06/15/62 | &nbsp;&nbsp; 1479 | 1199303 |
| 4.40%, 08/15/30 | &nbsp;&nbsp; 1420 | 1446095 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 1230 | 1246632 |
| 4.50%, 02/15/29 | &nbsp;&nbsp; 1520 | 1550366 |
| 4.50%, 05/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1147 | 1143936 |
| 4.70%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1445 | 1497832 |
| 4.70%, 05/15/46 | &nbsp;&nbsp; 1582 | 1458899 |
| 4.75%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1650 | 1695604 |
| 4.80%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1265 | 1294905 |
| 5.00%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1525 | 1576006 |
| 5.10%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2470 | 2528476 |
| 5.20%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 2205 | 2123148 |
| 5.20%, 02/15/64 | &nbsp;&nbsp; 1205 | 1133461 |
| 5.25%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1540 | 1639279 |
| 5.70%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 2075 | 2143321 |
| 5.72%, 06/01/40<sup>(a)</sup> | &nbsp;&nbsp; 585 | 640466 |
| 5.90%, 11/15/63<sup>(a)</sup> | &nbsp;&nbsp; 1375 | 1451214 |
| Series B, 6.15%, 09/01/36 | &nbsp;&nbsp; 1000 | 1124464 |
| Northrop Grumman Corp. |  |  |
| 3.25%, 01/15/28 | &nbsp;&nbsp; 3549 | 3512120 |
| 3.85%, 04/15/45 | &nbsp;&nbsp; 1093 | 892385 |
| 4.03%, 10/15/47<sup>(a)</sup> | &nbsp;&nbsp; 3969 | 3256070 |
| 4.40%, 05/01/30 | &nbsp;&nbsp; 2307 | 2341436 |
| 4.60%, 02/01/29 | &nbsp;&nbsp; 285 | 290655 |
| 4.65%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1130 | 1157107 |
| 4.70%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1170 | 1195281 |
| 4.75%, 06/01/43 | &nbsp;&nbsp; 1594 | 1498242 |
| 4.90%, 06/01/34 | &nbsp;&nbsp; 2215 | 2272058 |
| 4.95%, 03/15/53<sup>(a)</sup> | &nbsp;&nbsp; 2045 | 1879950 |
| 5.05%, 11/15/40<sup>(a)</sup> | &nbsp;&nbsp; 639 | 643073 |
| 5.15%, 05/01/40 | &nbsp;&nbsp; 946 | 957246 |
| 5.20%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1870 | 1784840 |
| 5.25%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1235 | 1292781 |
| 5.25%, 05/01/50 | &nbsp;&nbsp; 2015 | 1945922 |
| Northrop Grumman Systems Corp., 7.75%, <br> 02/15/31<sup>(a)</sup><br>| &nbsp;&nbsp; 340 | 394835 |
| Rolls-Royce PLC, 5.75%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp; 575 | 588042 |
| RTX Corp. |  |  |
| 1.90%, 09/01/31 | &nbsp;&nbsp; 1640 | 1459714 |
| 2.25%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2226 | 2074173 |
| 2.38%, 03/15/32 | &nbsp;&nbsp; 2382 | 2147374 |
| 2.82%, 09/01/51 | &nbsp;&nbsp; 1950 | 1245937 |
| 3.03%, 03/15/52 | &nbsp;&nbsp; 960 | 638284 |
| 3.13%, 05/04/27 | &nbsp;&nbsp; 1817 | 1802743 |
| 3.13%, 07/01/50<sup>(a)</sup> | &nbsp;&nbsp; 2025 | 1391701 |
| 3.50%, 03/15/27 | &nbsp;&nbsp; 1875 | 1869460 |
| 3.75%, 11/01/46 | &nbsp;&nbsp; 2402 | 1904749 |
| 4.05%, 05/04/47 | &nbsp;&nbsp; 2037 | 1682649 |
| 4.13%, 11/16/28 | &nbsp;&nbsp; 5889 | 5924621 |
| 4.15%, 05/15/45 | &nbsp;&nbsp; 1937 | 1653357 |
| 4.20%, 12/15/44<sup>(a)</sup> | &nbsp;&nbsp; 720 | 610025 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| 4.35%, 04/15/47 | &nbsp;&nbsp; $2238 | $1932792 |
| 4.45%, 11/16/38 | &nbsp;&nbsp; 2004 | 1911287 |
| 4.50%, 06/01/42 | &nbsp;&nbsp; 5284 | 4869138 |
| 4.63%, 11/16/48 | &nbsp;&nbsp; 2965 | 2641086 |
| 4.70%, 12/15/41 | &nbsp;&nbsp; 950 | 907847 |
| 4.80%, 12/15/43 | &nbsp;&nbsp; 1004 | 940105 |
| 4.88%, 10/15/40 | &nbsp;&nbsp; 1126 | 1107830 |
| 5.15%, 02/27/33 | &nbsp;&nbsp; 2375 | 2485459 |
| 5.38%, 02/27/53 | &nbsp;&nbsp; 2040 | 1989944 |
| 5.40%, 05/01/35 | &nbsp;&nbsp; 1055 | 1121938 |
| 5.70%, 04/15/40<sup>(a)</sup> | &nbsp;&nbsp; 995 | 1059438 |
| 5.75%, 01/15/29 | &nbsp;&nbsp; 920 | 966633 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 2475 | 2686040 |
| 6.05%, 06/01/36<sup>(a)</sup> | &nbsp;&nbsp; 960 | 1063634 |
| 6.10%, 03/15/34 | &nbsp;&nbsp; 2140 | 2366071 |
| 6.13%, 07/15/38 | &nbsp;&nbsp; 1100 | 1222194 |
| 6.40%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 2660 | 2972455 |
| 6.70%, 08/01/28 | &nbsp;&nbsp; 955 | 1013863 |
| 7.20%, 08/15/27 | &nbsp;&nbsp; 415 | 434774 |
| 7.50%, 09/15/29 | &nbsp;&nbsp; 1420 | 1586972 |
| Spirit AeroSystems, Inc., 4.60%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 30 | 30254 |
|  |  | 275602923 |
| **Agriculture — 1.3%** | **Agriculture — 1.3%** | **Agriculture — 1.3%** |
| Altria Group, Inc. |  |  |
| 2.45%, 02/04/32 | &nbsp;&nbsp; 3145 | 2822524 |
| 3.40%, 05/06/30 | &nbsp;&nbsp; 1923 | 1872422 |
| 3.40%, 02/04/41<sup>(a)</sup> | &nbsp;&nbsp; 3916 | 3071073 |
| 3.70%, 02/04/51 | &nbsp;&nbsp; 2506 | 1792899 |
| 3.88%, 09/16/46 | &nbsp;&nbsp; 2674 | 2058357 |
| 4.00%, 02/04/61<sup>(a)</sup> | &nbsp;&nbsp; 1750 | 1288331 |
| 4.25%, 08/09/42 | &nbsp;&nbsp; 2210 | 1876067 |
| 4.45%, 05/06/50<sup>(a)</sup> | &nbsp;&nbsp; 1022 | 829434 |
| 4.50%, 08/06/30 | &nbsp;&nbsp; 1110 | 1129344 |
| 4.50%, 05/02/43 | &nbsp;&nbsp; 1287 | 1116752 |
| 4.80%, 02/14/29 | &nbsp;&nbsp; 3769 | 3850800 |
| 4.88%, 02/04/28<sup>(a)</sup> | &nbsp;&nbsp; 925 | 941659 |
| 5.25%, 08/06/35 | &nbsp;&nbsp; 775 | 794477 |
| 5.38%, 01/31/44<sup>(a)</sup> | &nbsp;&nbsp; 2715 | 2631474 |
| 5.63%, 02/06/35 | &nbsp;&nbsp; 1085 | 1140620 |
| 5.80%, 02/14/39 | &nbsp;&nbsp; 3514 | 3664167 |
| 5.95%, 02/14/49<sup>(a)</sup> | &nbsp;&nbsp; 4336 | 4393315 |
| 6.20%, 11/01/28 | &nbsp;&nbsp; 1285 | 1355959 |
| 6.20%, 02/14/59 | &nbsp;&nbsp; 638 | 642725 |
| 6.88%, 11/01/33 | &nbsp;&nbsp; 775 | 883401 |
| Archer-Daniels-Midland Co. |  |  |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 1050 | 657711 |
| 2.90%, 03/01/32 | &nbsp;&nbsp; 1510 | 1404636 |
| 3.25%, 03/27/30 | &nbsp;&nbsp; 1857 | 1807034 |
| 3.75%, 09/15/47 | &nbsp;&nbsp; 1015 | 802486 |
| 4.02%, 04/16/43 | &nbsp;&nbsp; 803 | 690937 |
| 4.50%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp; 770 | 779784 |
| 4.50%, 03/15/49<sup>(a)</sup> | &nbsp;&nbsp; 920 | 810226 |
| 4.54%, 03/26/42 | &nbsp;&nbsp; 635 | 587311 |
| 5.38%, 09/15/35 | &nbsp;&nbsp; 1035 | 1102567 |
| 5.77%, 03/01/41<sup>(c)</sup> | &nbsp;&nbsp; 550 | 582832 |
| 5.94%, 10/01/32 | &nbsp;&nbsp; 546 | 598095 |
| BAT Capital Corp. |  |  |
| 2.26%, 03/25/28 | &nbsp;&nbsp; 2953 | 2856517 |
| 2.73%, 03/25/31 | &nbsp;&nbsp; 2974 | 2773276 |
| 3.46%, 09/06/29 | &nbsp;&nbsp; 1522 | 1494232 |
| 3.56%, 08/15/27 | &nbsp;&nbsp; 4038 | 4017323 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| 3.73%, 09/25/40 | &nbsp;&nbsp; $1020 | $845443 |
| 3.98%, 09/25/50 | &nbsp;&nbsp; 715 | 537630 |
| 4.39%, 08/15/37 | &nbsp;&nbsp; 4263 | 3981643 |
| 4.54%, 08/15/47<sup>(a)</sup> | &nbsp;&nbsp; 3686 | 3111135 |
| 4.63%, 03/22/33 | &nbsp;&nbsp; 900 | 903785 |
| 4.70%, 04/02/27 | &nbsp;&nbsp; 1409 | 1418553 |
| 4.74%, 03/16/32<sup>(a)</sup> | &nbsp;&nbsp; 1652 | 1681901 |
| 4.76%, 09/06/49 | &nbsp;&nbsp; 1921 | 1655595 |
| 4.91%, 04/02/30 | &nbsp;&nbsp; 1995 | 2049987 |
| 5.28%, 04/02/50 | &nbsp;&nbsp; 1483 | 1362349 |
| 5.35%, 08/15/32 | &nbsp;&nbsp; 1765 | 1853224 |
| 5.63%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2109160 |
| 5.65%, 03/16/52 | &nbsp;&nbsp; 1449 | 1391051 |
| 5.83%, 02/20/31 | &nbsp;&nbsp; 1210 | 1294101 |
| 6.00%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 1440 | 1562882 |
| 6.25%, 08/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1220 | 1273391 |
| 6.34%, 08/02/30 | &nbsp;&nbsp; 1310 | 1424401 |
| 6.42%, 08/02/33<sup>(a)</sup> | &nbsp;&nbsp; 2155 | 2396924 |
| 7.08%, 08/02/43 | &nbsp;&nbsp; 1490 | 1693795 |
| 7.08%, 08/02/53 | &nbsp;&nbsp; 1985 | 2275679 |
| 7.75%, 10/19/32<sup>(a)</sup> | &nbsp;&nbsp; 835 | 984482 |
| BAT International Finance PLC |  |  |
| 4.45%, 03/16/28<sup>(a)</sup> | &nbsp;&nbsp; 1675 | 1690839 |
| 5.93%, 02/02/29 | &nbsp;&nbsp; 2125 | 2238549 |
| Bunge Ltd. Finance Corp. |  |  |
| 2.75%, 05/14/31 | &nbsp;&nbsp; 2253 | 2096220 |
| 3.20%, 04/21/31 | &nbsp;&nbsp; 1485 | 1412036 |
| 3.75%, 09/25/27 | &nbsp;&nbsp; 1279 | 1275803 |
| 4.10%, 01/07/28<sup>(a)</sup> | &nbsp;&nbsp; 595 | 597940 |
| 4.20%, 09/17/29 | &nbsp;&nbsp; 1555 | 1565074 |
| 4.55%, 08/04/30 | &nbsp;&nbsp; 1045 | 1061761 |
| 4.65%, 09/17/34<sup>(a)</sup> | &nbsp;&nbsp; 1620 | 1613357 |
| 4.90%, 04/21/27 | &nbsp;&nbsp; 585 | 591223 |
| 5.15%, 08/04/35 | &nbsp;&nbsp; 680 | 697748 |
| 5.25%, 04/21/32 | &nbsp;&nbsp; 520 | 542674 |
| Cargill, Inc. |  |  |
| 1.70%, 02/02/31<sup>(b)</sup> | &nbsp;&nbsp; 1105 | 990747 |
| 2.13%, 04/23/30<sup>(b)</sup> | &nbsp;&nbsp; 1318 | 1224176 |
| 2.13%, 11/10/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2059 | 1852053 |
| 3.13%, 05/25/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 1160 | 802230 |
| 3.25%, 05/23/29<sup>(b)</sup> | &nbsp;&nbsp; 1725 | 1692919 |
| 3.63%, 04/22/27<sup>(b)</sup> | &nbsp;&nbsp; 845 | 844504 |
| 3.88%, 05/23/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 645 | 514438 |
| 4.00%, 06/22/32<sup>(b)</sup> | &nbsp;&nbsp; 1440 | 1417647 |
| 4.13%, 10/23/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 900 | 903270 |
| 4.38%, 04/22/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 1074 | 913740 |
| 4.63%, 02/11/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1190 | 1209454 |
| 4.75%, 04/24/33<sup>(b)</sup> | &nbsp;&nbsp; 1035 | 1053415 |
| 4.76%, 11/23/45<sup>(b)</sup> | &nbsp;&nbsp; 1367 | 1256765 |
| 5.13%, 10/11/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1042 | 1093972 |
| 5.13%, 02/11/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 895 | 932529 |
| 5.38%, 10/23/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 1015 | 988697 |
| Imperial Brands Finance PLC |  |  |
| 3.88%, 07/26/29<sup>(b)</sup> | &nbsp;&nbsp; 2564 | 2536372 |
| 4.50%, 06/30/28<sup>(b)</sup> | &nbsp;&nbsp; 1545 | 1561147 |
| 5.50%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp; 2695 | 2815125 |
| 5.63%, 07/01/35<sup>(b)</sup> | &nbsp;&nbsp; 900 | 932164 |
| 5.88%, 07/01/34<sup>(b)</sup> | &nbsp;&nbsp; 1135 | 1201271 |
| 6.13%, 07/27/27<sup>(b)</sup> | &nbsp;&nbsp; 1695 | 1741392 |
| 6.38%, 07/01/55<sup>(b)</sup> | &nbsp;&nbsp; 1170 | 1215725 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| Japan Tobacco, Inc. |  |  |
| 4.85%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp; $605 | $617311 |
| 5.25%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1115 | 1164361 |
| 5.85%, 06/15/35<sup>(b)</sup> | &nbsp;&nbsp; 680 | 735891 |
| JT International Financial Services BV, 6.88%, <br> 10/24/32<sup>(b)</sup><br>| &nbsp;&nbsp; 750 | 849574 |
| Philip Morris International, Inc. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 1223 | 1102441 |
| 2.10%, 05/01/30 | &nbsp;&nbsp; 1655 | 1532035 |
| 3.13%, 08/17/27<sup>(a)</sup> | &nbsp;&nbsp; 923 | 916002 |
| 3.13%, 03/02/28<sup>(a)</sup> | &nbsp;&nbsp; 951 | 938239 |
| 3.38%, 08/15/29 | &nbsp;&nbsp; 1655 | 1626722 |
| 3.88%, 10/27/28 | &nbsp;&nbsp; 820 | 821776 |
| 3.88%, 08/21/42 | &nbsp;&nbsp; 724 | 607721 |
| 4.00%, 10/29/30 | &nbsp;&nbsp; 1605 | 1602768 |
| 4.13%, 04/28/28 | &nbsp;&nbsp; 1655 | 1666781 |
| 4.13%, 03/04/43 | &nbsp;&nbsp; 1443 | 1250816 |
| 4.25%, 10/29/32 | &nbsp;&nbsp; 1340 | 1336409 |
| 4.25%, 11/10/44 | &nbsp;&nbsp; 2170 | 1878171 |
| 4.38%, 11/01/27 | &nbsp;&nbsp; 340 | 343380 |
| 4.38%, 04/30/30 | &nbsp;&nbsp; 1342 | 1359365 |
| 4.38%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 1415 | 1278263 |
| 4.50%, 03/20/42 | &nbsp;&nbsp; 1827 | 1666367 |
| 4.63%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1815 | 1857302 |
| 4.63%, 10/29/35 | &nbsp;&nbsp; 1420 | 1407638 |
| 4.75%, 11/01/31 | &nbsp;&nbsp; 420 | 431941 |
| 4.88%, 02/15/28 | &nbsp;&nbsp; 3560 | 3629692 |
| 4.88%, 02/13/29 | &nbsp;&nbsp; 2047 | 2104167 |
| 4.88%, 04/30/35<sup>(a)</sup> | &nbsp;&nbsp; 1030 | 1046028 |
| 4.88%, 11/15/43 | &nbsp;&nbsp; 1395 | 1306777 |
| 4.90%, 11/01/34 | &nbsp;&nbsp; 1110 | 1134647 |
| 5.13%, 11/17/27 | &nbsp;&nbsp; 3390 | 3461177 |
| 5.13%, 02/15/30 | &nbsp;&nbsp; 3843 | 3992829 |
| 5.13%, 02/13/31 | &nbsp;&nbsp; 2380 | 2482850 |
| 5.25%, 09/07/28 | &nbsp;&nbsp; 1170 | 1209957 |
| 5.25%, 02/13/34 | &nbsp;&nbsp; 3180 | 3330927 |
| 5.38%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3430 | 3621744 |
| 5.50%, 09/07/30 | &nbsp;&nbsp; 1515 | 1601809 |
| 5.63%, 11/17/29 | &nbsp;&nbsp; 2540 | 2682669 |
| 5.63%, 09/07/33 | &nbsp;&nbsp; 2560 | 2744616 |
| 5.75%, 11/17/32 | &nbsp;&nbsp; 2790 | 3009326 |
| 6.38%, 05/16/38 | &nbsp;&nbsp; 2760 | 3103737 |
| Reynolds American, Inc. |  |  |
| 5.70%, 08/15/35 | &nbsp;&nbsp; 1348 | 1422430 |
| 5.85%, 08/15/45 | &nbsp;&nbsp; 2871 | 2884000 |
| 6.15%, 09/15/43 | &nbsp;&nbsp; 932 | 969927 |
| 7.25%, 06/15/37<sup>(a)</sup> | &nbsp;&nbsp; 790 | 924872 |
|  |  | 213660309 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| AS Mileage Plan IP Ltd. |  |  |
| 5.02%, 10/20/29<sup>(b)</sup> | &nbsp;&nbsp; 1050 | 1067599 |
| 5.31%, 10/20/31<sup>(b)</sup> | &nbsp;&nbsp; 1110 | 1131861 |
| Delta Air Lines, Inc. |  |  |
| 3.75%, 10/28/29<sup>(a)</sup> | &nbsp;&nbsp; 1090 | 1071794 |
| 4.38%, 04/19/28 | &nbsp;&nbsp; 820 | 823855 |
| 4.95%, 07/10/28 | &nbsp;&nbsp; 2640 | 2683885 |
| 5.25%, 07/10/30 | &nbsp;&nbsp; 1105 | 1139501 |
| Delta Air Lines, Inc./SkyMiles IP Ltd., 4.75%, <br> 10/20/28<sup>(b)</sup><br>| &nbsp;&nbsp; 5234 | 5279428 |
| Southwest Airlines Co. |  |  |
| 2.63%, 02/10/30<sup>(a)</sup> | &nbsp;&nbsp; 1601 | 1502323 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Airlines (continued)** | **Airlines (continued)** | **Airlines (continued)** |
| 3.45%, 11/16/27 | &nbsp;&nbsp; $254 | $251164 |
| 4.38%, 11/15/28 | &nbsp;&nbsp; 2200 | 2218838 |
| 5.13%, 06/15/27 | &nbsp;&nbsp; 3268 | 3306324 |
| 5.25%, 11/15/35 | &nbsp;&nbsp; 1235 | 1224900 |
| United Airlines, Inc., 4.63%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1110 | 1109162 |
|  |  | 22810634 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| Gildan Activewear, Inc. |  |  |
| 4.70%, 10/07/30<sup>(b)</sup> | &nbsp;&nbsp; 1075 | 1081892 |
| 5.40%, 10/07/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1035 | 1046505 |
| NIKE, Inc. |  |  |
| 2.75%, 03/27/27<sup>(a)</sup> | &nbsp;&nbsp; 1480 | 1465569 |
| 2.85%, 03/27/30 | &nbsp;&nbsp; 2890 | 2779576 |
| 3.25%, 03/27/40 | &nbsp;&nbsp; 2014 | 1656632 |
| 3.38%, 11/01/46 | &nbsp;&nbsp; 1011 | 760530 |
| 3.38%, 03/27/50<sup>(a)</sup> | &nbsp;&nbsp; 1825 | 1335610 |
| 3.63%, 05/01/43 | &nbsp;&nbsp; 1345 | 1089869 |
| 3.88%, 11/01/45 | &nbsp;&nbsp; 2173 | 1785751 |
| PVH Corp., 5.50%, 06/13/30 | &nbsp;&nbsp; 575 | 590573 |
| Ralph Lauren Corp. |  |  |
| 2.95%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1586 | 1519193 |
| 5.00%, 06/15/32 | &nbsp;&nbsp; 55 | 57242 |
| Tapestry, Inc. |  |  |
| 3.05%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 785 | 729467 |
| 4.13%, 07/15/27 | &nbsp;&nbsp; 567 | 567201 |
| 5.10%, 03/11/30<sup>(a)</sup> | &nbsp;&nbsp; 620 | 640147 |
| 5.50%, 03/11/35 | &nbsp;&nbsp; 470 | 487512 |
|  |  | 17593269 |
| **Auto Manufacturers — 2.7%** | **Auto Manufacturers — 2.7%** | **Auto Manufacturers — 2.7%** |
| American Honda Finance Corp. |  |  |
| 1.80%, 01/13/31 | &nbsp;&nbsp; 1260 | 1126599 |
| 2.00%, 03/24/28<sup>(a)</sup> | &nbsp;&nbsp; 1124 | 1082158 |
| 2.25%, 01/12/29 | &nbsp;&nbsp; 1350 | 1288667 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 912 | 906153 |
| 4.15%, 01/08/29 | &nbsp;&nbsp; 850 | 854642 |
| 4.25%, 09/01/28 | &nbsp;&nbsp; 1320 | 1331055 |
| 4.40%, 09/05/29 | &nbsp;&nbsp; 1885 | 1911561 |
| 4.45%, 10/22/27 | &nbsp;&nbsp; 1395 | 1408472 |
| 4.45%, 01/08/31<sup>(a)</sup> | &nbsp;&nbsp; 850 | 858265 |
| 4.50%, 09/04/30 | &nbsp;&nbsp; 1620 | 1639480 |
| 4.55%, 07/09/27 | &nbsp;&nbsp; 475 | 479581 |
| 4.55%, 03/03/28 | &nbsp;&nbsp; 1610 | 1630773 |
| 4.60%, 04/17/30 | &nbsp;&nbsp; 1460 | 1485756 |
| 4.70%, 01/12/28 | &nbsp;&nbsp; 1070 | 1086513 |
| 4.80%, 03/05/30 | &nbsp;&nbsp; 1230 | 1259640 |
| 4.85%, 10/23/31 | &nbsp;&nbsp; 1410 | 1450218 |
| 4.90%, 03/12/27 | &nbsp;&nbsp; 1080 | 1091896 |
| 4.90%, 07/09/27 | &nbsp;&nbsp; 1020 | 1033823 |
| 4.90%, 03/13/29<sup>(a)</sup> | &nbsp;&nbsp; 1220 | 1251441 |
| 4.90%, 01/10/34<sup>(a)</sup> | &nbsp;&nbsp; 1236 | 1255541 |
| 5.05%, 07/10/31 | &nbsp;&nbsp; 1540 | 1596832 |
| 5.10%, 01/08/36<sup>(a)</sup> | &nbsp;&nbsp; 910 | 917684 |
| 5.13%, 07/07/28 | &nbsp;&nbsp; 1485 | 1524541 |
| 5.15%, 07/09/32 | &nbsp;&nbsp; 1174 | 1218875 |
| 5.20%, 03/05/35<sup>(a)</sup> | &nbsp;&nbsp; 825 | 844565 |
| 5.65%, 11/15/28 | &nbsp;&nbsp; 1480 | 1544785 |
| 5.85%, 10/04/30 | &nbsp;&nbsp; 940 | 1003971 |
| BMW Finance NV, 2.85%, 08/14/29<sup>(b)</sup> | &nbsp;&nbsp; 1260 | 1210479 |
| BMW U.S. Capital LLC |  |  |
| 1.95%, 08/12/31<sup>(b)</sup> | &nbsp;&nbsp; 675 | 596954 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 2.55%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; $495 | $456701 |
| 3.30%, 04/06/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 782 | 778058 |
| 3.45%, 04/01/27<sup>(b)</sup> | &nbsp;&nbsp; 886 | 883017 |
| 3.63%, 04/18/29<sup>(b)</sup> | &nbsp;&nbsp; 1360 | 1343675 |
| 3.70%, 04/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1610 | 1548623 |
| 3.75%, 04/12/28<sup>(b)</sup> | &nbsp;&nbsp; 1246 | 1242763 |
| 3.95%, 08/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 863 | 862130 |
| 4.15%, 08/11/27<sup>(b)</sup> | &nbsp;&nbsp; 245 | 246101 |
| 4.15%, 04/09/30<sup>(b)</sup> | &nbsp;&nbsp; 1630 | 1629257 |
| 4.50%, 08/11/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 760 | 770121 |
| 4.60%, 08/13/27<sup>(b)</sup> | &nbsp;&nbsp; 950 | 959833 |
| 4.65%, 03/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 625 | 630756 |
| 4.65%, 08/13/29<sup>(b)</sup> | &nbsp;&nbsp; 1190 | 1211266 |
| 4.75%, 03/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1510 | 1534364 |
| 4.85%, 08/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 870 | 891028 |
| 4.90%, 04/02/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 985 | 996644 |
| 4.90%, 04/02/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2350 | 2409768 |
| 5.05%, 08/11/28<sup>(b)</sup> | &nbsp;&nbsp; 1435 | 1472013 |
| 5.05%, 03/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 980 | 1012084 |
| 5.15%, 08/11/33<sup>(b)</sup> | &nbsp;&nbsp; 1295 | 1340382 |
| 5.15%, 04/02/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 935 | 963206 |
| 5.20%, 08/11/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1210 | 1236954 |
| 5.40%, 03/21/35<sup>(b)</sup> | &nbsp;&nbsp; 1705 | 1777470 |
| Cummins, Inc. |  |  |
| 1.50%, 09/01/30 | &nbsp;&nbsp; 1440 | 1299031 |
| 2.60%, 09/01/50 | &nbsp;&nbsp; 1323 | 823465 |
| 4.25%, 05/09/28 | &nbsp;&nbsp; 855 | 863704 |
| 4.70%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1385 | 1425219 |
| 4.88%, 10/01/43 | &nbsp;&nbsp; 1280 | 1240347 |
| 4.90%, 02/20/29 | &nbsp;&nbsp; 845 | 871678 |
| 5.15%, 02/20/34 | &nbsp;&nbsp; 1410 | 1470821 |
| 5.30%, 05/09/35 | &nbsp;&nbsp; 1240 | 1300530 |
| 5.45%, 02/20/54<sup>(a)</sup> | &nbsp;&nbsp; 1655 | 1657148 |
| 7.13%, 03/01/28 | &nbsp;&nbsp; 360 | 382675 |
| Daimler Truck Finance North America LLC |  |  |
| 2.38%, 12/14/28<sup>(b)</sup> | &nbsp;&nbsp; 1465 | 1402574 |
| 2.50%, 12/14/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1420 | 1284315 |
| 3.65%, 04/07/27<sup>(b)</sup> | &nbsp;&nbsp; 1252 | 1248875 |
| 4.15%, 01/12/29<sup>(b)</sup> | &nbsp;&nbsp; 1070 | 1072973 |
| 4.30%, 08/12/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 435 | 437607 |
| 4.50%, 04/12/31<sup>(b)</sup> | &nbsp;&nbsp; 1645 | 1654615 |
| 4.65%, 10/12/30<sup>(b)</sup> | &nbsp;&nbsp; 900 | 914750 |
| 4.95%, 01/13/28<sup>(b)</sup> | &nbsp;&nbsp; 705 | 717056 |
| 5.00%, 10/12/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 975 | 999904 |
| 5.13%, 09/25/27<sup>(b)</sup> | &nbsp;&nbsp; 1290 | 1312223 |
| 5.13%, 01/19/28<sup>(b)</sup> | &nbsp;&nbsp; 1690 | 1724918 |
| 5.13%, 09/25/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 745 | 770735 |
| 5.25%, 01/13/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1955 | 2027170 |
| 5.38%, 01/13/32<sup>(b)</sup> | &nbsp;&nbsp; 1090 | 1138240 |
| 5.38%, 01/18/34<sup>(b)</sup> | &nbsp;&nbsp; 890 | 921321 |
| 5.38%, 06/25/34<sup>(b)</sup> | &nbsp;&nbsp; 880 | 912689 |
| 5.40%, 09/20/28<sup>(b)</sup> | &nbsp;&nbsp; 1165 | 1204849 |
| 5.50%, 09/20/33<sup>(b)</sup> | &nbsp;&nbsp; 1015 | 1066416 |
| 5.63%, 01/13/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 900 | 945450 |
| Ford Holdings LLC, 9.30%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 480 | 553480 |
| Ford Motor Co. |  |  |
| 3.25%, 02/12/32 | &nbsp;&nbsp; 4800 | 4320495 |
| 4.75%, 01/15/43 | &nbsp;&nbsp; 4032 | 3243215 |
| 5.29%, 12/08/46<sup>(a)</sup> | &nbsp;&nbsp; 2765 | 2361065 |
| 6.10%, 08/19/32<sup>(a)</sup> | &nbsp;&nbsp; 4280 | 4479967 |
| 6.63%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp; 460 | 486183 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 7.40%, 11/01/46<sup>(a)</sup> | &nbsp;&nbsp; $795 | $867764 |
| 7.45%, 07/16/31<sup>(a)</sup> | &nbsp;&nbsp; 1410 | 1576807 |
| 9.63%, 04/22/30<sup>(a)</sup> | &nbsp;&nbsp; 750 | 876218 |
| Ford Motor Credit Co. LLC |  |  |
| 2.90%, 02/16/28 | &nbsp;&nbsp; 1865 | 1808646 |
| 2.90%, 02/10/29 | &nbsp;&nbsp; 2210 | 2103579 |
| 3.63%, 06/17/31 | &nbsp;&nbsp; 1755 | 1635438 |
| 3.82%, 11/02/27 | &nbsp;&nbsp; 1750 | 1735741 |
| 4.00%, 11/13/30 | &nbsp;&nbsp; 3495 | 3349453 |
| 4.13%, 08/17/27<sup>(a)</sup> | &nbsp;&nbsp; 2120 | 2112010 |
| 4.95%, 05/28/27 | &nbsp;&nbsp; 2351 | 2367363 |
| 4.97%, 04/06/29 | &nbsp;&nbsp; 1555 | 1564917 |
| 5.11%, 05/03/29 | &nbsp;&nbsp; 2775 | 2801963 |
| 5.30%, 09/06/29 | &nbsp;&nbsp; 1620 | 1644572 |
| 5.73%, 09/05/30 | &nbsp;&nbsp; 1835 | 1887041 |
| 5.75%, 04/06/33 | &nbsp;&nbsp; 1215 | 1238108 |
| 5.80%, 03/05/27 | &nbsp;&nbsp; 2185 | 2214658 |
| 5.80%, 03/08/29 | &nbsp;&nbsp; 2085 | 2147805 |
| 5.85%, 05/17/27 | &nbsp;&nbsp; 1962 | 1994152 |
| 5.87%, 10/31/35 | &nbsp;&nbsp; 110 | 110377 |
| 5.88%, 11/07/29 | &nbsp;&nbsp; 2490 | 2575274 |
| 5.92%, 03/20/28 | &nbsp;&nbsp; 2035 | 2089207 |
| 6.05%, 03/05/31 | &nbsp;&nbsp; 1320 | 1373621 |
| 6.05%, 11/05/31 | &nbsp;&nbsp; 2425 | 2523740 |
| 6.13%, 03/08/34 | &nbsp;&nbsp; 3235 | 3344141 |
| 6.50%, 02/07/35<sup>(a)</sup> | &nbsp;&nbsp; 2575 | 2699418 |
| 6.53%, 03/19/32 | &nbsp;&nbsp; 1535 | 1634261 |
| 6.80%, 05/12/28 | &nbsp;&nbsp; 2930 | 3064931 |
| 6.80%, 11/07/28 | &nbsp;&nbsp; 2665 | 2808979 |
| 7.12%, 11/07/33 | &nbsp;&nbsp; 2560 | 2797434 |
| 7.20%, 06/10/30 | &nbsp;&nbsp; 1660 | 1792284 |
| 7.35%, 11/04/27 | &nbsp;&nbsp; 2450 | 2556152 |
| 7.35%, 03/06/30 | &nbsp;&nbsp; 2090 | 2264997 |
| General Motors Co. |  |  |
| 4.20%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp; 1549 | 1553025 |
| 5.00%, 10/01/28 | &nbsp;&nbsp; 1372 | 1399972 |
| 5.00%, 04/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1730 | 1718469 |
| 5.15%, 04/01/38 | &nbsp;&nbsp; 1708 | 1663178 |
| 5.20%, 04/01/45 | &nbsp;&nbsp; 2578 | 2346764 |
| 5.35%, 04/15/28 | &nbsp;&nbsp; 1240 | 1270574 |
| 5.40%, 10/15/29 | &nbsp;&nbsp; 1720 | 1789643 |
| 5.40%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 1680 | 1546675 |
| 5.60%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2270 | 2391764 |
| 5.63%, 04/15/30 | &nbsp;&nbsp; 1360 | 1427305 |
| 5.95%, 04/01/49<sup>(a)</sup> | &nbsp;&nbsp; 1965 | 1936003 |
| 6.25%, 04/15/35 | &nbsp;&nbsp; 910 | 976880 |
| 6.25%, 10/02/43 | &nbsp;&nbsp; 1605 | 1645195 |
| 6.60%, 04/01/36 | &nbsp;&nbsp; 2333 | 2560087 |
| 6.75%, 04/01/46<sup>(a)</sup> | &nbsp;&nbsp; 1534 | 1658770 |
| 6.80%, 10/01/27 | &nbsp;&nbsp; 1673 | 1735357 |
| General Motors Financial Co., Inc. |  |  |
| 2.35%, 01/08/31<sup>(a)</sup> | &nbsp;&nbsp; 2264 | 2060453 |
| 2.40%, 04/10/28 | &nbsp;&nbsp; 1826 | 1766739 |
| 2.40%, 10/15/28 | &nbsp;&nbsp; 1455 | 1394777 |
| 2.70%, 08/20/27 | &nbsp;&nbsp; 1419 | 1392886 |
| 2.70%, 06/10/31 | &nbsp;&nbsp; 1982 | 1821123 |
| 3.10%, 01/12/32 | &nbsp;&nbsp; 2060 | 1905102 |
| 3.60%, 06/21/30 | &nbsp;&nbsp; 2507 | 2435512 |
| 3.85%, 01/05/28 | &nbsp;&nbsp; 604 | 602031 |
| 4.20%, 10/27/28<sup>(a)</sup> | &nbsp;&nbsp; 2231 | 2239521 |
| 4.30%, 04/06/29 | &nbsp;&nbsp; 1750 | 1757651 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 4.60%, 01/08/31<sup>(a)</sup> | &nbsp;&nbsp; $945 | $953658 |
| 4.90%, 10/06/29 | &nbsp;&nbsp; 1595 | 1631018 |
| 5.00%, 04/09/27<sup>(a)</sup> | &nbsp;&nbsp; 2005 | 2025382 |
| 5.00%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 725 | 734304 |
| 5.05%, 04/04/28 | &nbsp;&nbsp; 2250 | 2293915 |
| 5.35%, 07/15/27 | &nbsp;&nbsp; 1815 | 1846389 |
| 5.35%, 01/07/30<sup>(a)</sup> | &nbsp;&nbsp; 2285 | 2371812 |
| 5.40%, 05/08/27 | &nbsp;&nbsp; 1867 | 1896304 |
| 5.45%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1532 | 1601135 |
| 5.45%, 09/06/34 | &nbsp;&nbsp; 1935 | 1985892 |
| 5.45%, 01/08/36<sup>(a)</sup> | &nbsp;&nbsp; 180 | 183126 |
| 5.55%, 07/15/29 | &nbsp;&nbsp; 2365 | 2462840 |
| 5.60%, 06/18/31 | &nbsp;&nbsp; 1215 | 1276634 |
| 5.63%, 04/04/32 | &nbsp;&nbsp; 1565 | 1645230 |
| 5.65%, 01/17/29<sup>(a)</sup> | &nbsp;&nbsp; 863 | 895017 |
| 5.75%, 02/08/31 | &nbsp;&nbsp; 2187 | 2310108 |
| 5.80%, 06/23/28 | &nbsp;&nbsp; 2025 | 2098907 |
| 5.80%, 01/07/29 | &nbsp;&nbsp; 2190 | 2287139 |
| 5.85%, 04/06/30 | &nbsp;&nbsp; 2050 | 2166471 |
| 5.90%, 01/07/35<sup>(a)</sup> | &nbsp;&nbsp; 1910 | 2007575 |
| 5.95%, 04/04/34 | &nbsp;&nbsp; 2122 | 2251217 |
| 6.00%, 01/09/28 | &nbsp;&nbsp; 2155 | 2226229 |
| 6.10%, 01/07/34 | &nbsp;&nbsp; 2579 | 2765220 |
| 6.15%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1335 | 1425956 |
| 6.40%, 01/09/33 | &nbsp;&nbsp; 2378 | 2588157 |
| Honda Motor Co. Ltd. |  |  |
| 2.53%, 03/10/27 | &nbsp;&nbsp; 1235 | 1219054 |
| 2.97%, 03/10/32 | &nbsp;&nbsp; 1715 | 1587677 |
| 4.44%, 07/08/28<sup>(a)</sup> | &nbsp;&nbsp; 1305 | 1320065 |
| 4.69%, 07/08/30 | &nbsp;&nbsp; 2230 | 2273132 |
| 5.34%, 07/08/35 | &nbsp;&nbsp; 1695 | 1754961 |
| Hyundai Capital America |  |  |
| 1.80%, 01/10/28<sup>(b)</sup> | &nbsp;&nbsp; 1585 | 1523204 |
| 2.00%, 06/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2346 | 2239428 |
| 2.10%, 09/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 775 | 738332 |
| 2.38%, 10/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1410 | 1374737 |
| 4.25%, 09/18/28<sup>(b)</sup> | &nbsp;&nbsp; 2930 | 2944030 |
| 4.25%, 01/08/29<sup>(b)</sup> | &nbsp;&nbsp; 730 | 734117 |
| 4.30%, 09/24/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1725 | 1732746 |
| 4.50%, 09/18/30<sup>(b)</sup> | &nbsp;&nbsp; 960 | 969224 |
| 4.55%, 09/26/29<sup>(b)</sup> | &nbsp;&nbsp; 1540 | 1561935 |
| 4.55%, 01/08/31<sup>(b)</sup> | &nbsp;&nbsp; 800 | 807371 |
| 4.75%, 09/26/31<sup>(b)</sup> | &nbsp;&nbsp; 1020 | 1039226 |
| 4.80%, 01/10/33<sup>(b)</sup> | &nbsp;&nbsp; 800 | 807489 |
| 4.85%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp; 750 | 757111 |
| 4.88%, 06/23/27<sup>(b)</sup> | &nbsp;&nbsp; 385 | 389607 |
| 4.88%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp; 1635 | 1658121 |
| 4.90%, 06/23/28<sup>(b)</sup> | &nbsp;&nbsp; 1175 | 1196327 |
| 5.00%, 01/07/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1925 | 1958000 |
| 5.10%, 06/24/30<sup>(b)</sup> | &nbsp;&nbsp; 885 | 914043 |
| 5.15%, 03/27/30<sup>(b)</sup> | &nbsp;&nbsp; 1165 | 1204616 |
| 5.28%, 06/24/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1635 | 1662482 |
| 5.30%, 03/19/27<sup>(b)</sup> | &nbsp;&nbsp; 1225 | 1241831 |
| 5.30%, 01/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1135 | 1171235 |
| 5.30%, 06/24/29<sup>(b)</sup> | &nbsp;&nbsp; 1480 | 1532059 |
| 5.30%, 01/08/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1120 | 1164985 |
| 5.35%, 03/19/29<sup>(b)</sup> | &nbsp;&nbsp; 890 | 921265 |
| 5.40%, 01/08/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1030 | 1076931 |
| 5.40%, 06/24/31<sup>(b)</sup> | &nbsp;&nbsp; 1700 | 1781821 |
| 5.40%, 03/29/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 765 | 802902 |
| 5.40%, 06/23/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 895 | 939644 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 5.60%, 03/30/28<sup>(a)(b)</sup> | &nbsp;&nbsp; $1430 | $1471699 |
| 5.68%, 06/26/28<sup>(b)</sup> | &nbsp;&nbsp; 1535 | 1586106 |
| 5.70%, 06/26/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1560 | 1644624 |
| 5.80%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1564 | 1651472 |
| 6.10%, 09/21/28<sup>(b)</sup> | &nbsp;&nbsp; 1575 | 1648793 |
| 6.20%, 09/21/30<sup>(b)</sup> | &nbsp;&nbsp; 810 | 870459 |
| 6.38%, 04/08/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1475 | 1586027 |
| 6.50%, 01/16/29<sup>(b)</sup> | &nbsp;&nbsp; 1230 | 1306412 |
| Hyundai Capital Services, Inc. |  |  |
| 3.63%, 08/29/27<sup>(b)</sup> | &nbsp;&nbsp; 305 | 303382 |
| 5.13%, 02/05/29<sup>(b)</sup> | &nbsp;&nbsp; 300 | 308414 |
| 5.25%, 01/22/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1395 | 1425614 |
| Kia Corp., 3.50%, 10/25/27<sup>(b)</sup> | &nbsp;&nbsp; 685 | 680058 |
| Mercedes-Benz Finance North America LLC |  |  |
| 2.45%, 03/02/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 610 | 559407 |
| 2.63%, 03/10/30<sup>(b)</sup> | &nbsp;&nbsp; 1230 | 1163402 |
| 3.10%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1463 | 1420012 |
| 3.75%, 02/22/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2016 | 2012104 |
| 4.30%, 02/22/29<sup>(b)</sup> | &nbsp;&nbsp; 1320 | 1333246 |
| 4.65%, 04/01/27<sup>(b)</sup> | &nbsp;&nbsp; 600 | 605421 |
| 4.75%, 08/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1280 | 1295876 |
| 4.75%, 03/31/28<sup>(b)</sup> | &nbsp;&nbsp; 1130 | 1149103 |
| 4.80%, 03/30/28<sup>(b)</sup> | &nbsp;&nbsp; 1705 | 1733327 |
| 4.80%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp; 1675 | 1715608 |
| 4.85%, 01/11/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2565 | 2627355 |
| 4.90%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp; 1165 | 1185416 |
| 5.00%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1065 | 1097711 |
| 5.00%, 01/11/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1265 | 1289636 |
| 5.05%, 08/03/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1495 | 1532797 |
| 5.10%, 08/03/28<sup>(b)</sup> | &nbsp;&nbsp; 1680 | 1724298 |
| 5.10%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 855 | 883169 |
| 5.13%, 08/01/34<sup>(b)</sup> | &nbsp;&nbsp; 1210 | 1237667 |
| 5.25%, 11/29/27<sup>(b)</sup> | &nbsp;&nbsp; 1020 | 1044265 |
| 5.45%, 04/01/35<sup>(b)</sup> | &nbsp;&nbsp; 300 | 314440 |
| 8.50%, 01/18/31 | &nbsp;&nbsp; 3142 | 3733573 |
| PACCAR Financial Corp. |  |  |
| 3.90%, 02/05/29 | &nbsp;&nbsp; 90 | 90652 |
| 4.00%, 08/08/28<sup>(a)</sup> | &nbsp;&nbsp; 455 | 458388 |
| 4.00%, 09/26/29 | &nbsp;&nbsp; 1160 | 1168671 |
| 4.25%, 06/23/27<sup>(a)</sup> | &nbsp;&nbsp; 600 | 604956 |
| 4.45%, 08/06/27<sup>(a)</sup> | &nbsp;&nbsp; 1095 | 1108557 |
| 4.55%, 03/03/28 | &nbsp;&nbsp; 1030 | 1049277 |
| 4.55%, 05/08/30<sup>(a)</sup> | &nbsp;&nbsp; 555 | 568463 |
| 4.60%, 01/10/28<sup>(a)</sup> | &nbsp;&nbsp; 820 | 834398 |
| 4.60%, 01/31/29 | &nbsp;&nbsp; 1070 | 1097639 |
| 4.95%, 08/10/28 | &nbsp;&nbsp; 490 | 503918 |
| 5.00%, 05/13/27 | &nbsp;&nbsp; 825 | 838334 |
| 5.00%, 03/22/34<sup>(a)</sup> | &nbsp;&nbsp; 535 | 556137 |
| Series R, 4.00%, 11/07/28 | &nbsp;&nbsp; 1055 | 1062703 |
| Stellantis Finance U.S., Inc. |  |  |
| 2.69%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 970 | 847810 |
| 5.35%, 03/17/28<sup>(b)</sup> | &nbsp;&nbsp; 1100 | 1119685 |
| 5.63%, 01/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1185 | 1207972 |
| 5.75%, 03/18/30<sup>(b)</sup> | &nbsp;&nbsp; 1025 | 1050080 |
| 6.38%, 09/12/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1541 | 1608212 |
| 6.45%, 03/18/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1875 | 1938057 |
| Toyota Motor Corp. |  |  |
| 2.36%, 03/25/31 | &nbsp;&nbsp; 751 | 694521 |
| 2.76%, 07/02/29 | &nbsp;&nbsp; 775 | 748810 |
| 3.67%, 07/20/28 | &nbsp;&nbsp; 1040 | 1041404 |
| 4.19%, 06/30/27 | &nbsp;&nbsp; 775 | 780262 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 4.45%, 06/30/30 | &nbsp;&nbsp; $520 | $529350 |
| 5.05%, 06/30/35<sup>(a)</sup> | &nbsp;&nbsp; 750 | 780684 |
| 5.12%, 07/13/28 | &nbsp;&nbsp; 955 | 983963 |
| 5.12%, 07/13/33 | &nbsp;&nbsp; 915 | 959188 |
| Toyota Motor Credit Corp. |  |  |
| 1.15%, 08/13/27<sup>(a)</sup> | &nbsp;&nbsp; 1137 | 1098033 |
| 1.65%, 01/10/31 | &nbsp;&nbsp; 1065 | 953463 |
| 1.90%, 04/06/28 | &nbsp;&nbsp; 1366 | 1319010 |
| 1.90%, 09/12/31 | &nbsp;&nbsp; 1238 | 1103666 |
| 2.15%, 02/13/30 | &nbsp;&nbsp; 1977 | 1851229 |
| 2.40%, 01/13/32<sup>(a)</sup> | &nbsp;&nbsp; 675 | 614012 |
| 3.05%, 03/22/27 | &nbsp;&nbsp; 2105 | 2092039 |
| 3.05%, 01/11/28 | &nbsp;&nbsp; 706 | 698294 |
| 3.38%, 04/01/30 | &nbsp;&nbsp; 2022 | 1978064 |
| 3.65%, 01/08/29<sup>(a)</sup> | &nbsp;&nbsp; 1325 | 1323365 |
| 4.05%, 09/05/28<sup>(a)</sup> | &nbsp;&nbsp; 1840 | 1855073 |
| 4.35%, 10/08/27 | &nbsp;&nbsp; 1755 | 1773512 |
| 4.45%, 06/29/29 | &nbsp;&nbsp; 1170 | 1192460 |
| 4.50%, 05/14/27 | &nbsp;&nbsp; 1440 | 1453936 |
| 4.55%, 09/20/27 | &nbsp;&nbsp; 1458 | 1476357 |
| 4.55%, 08/09/29 | &nbsp;&nbsp; 1760 | 1799427 |
| 4.55%, 05/17/30 | &nbsp;&nbsp; 1300 | 1331747 |
| 4.60%, 10/10/31<sup>(a)</sup> | &nbsp;&nbsp; 1713 | 1752621 |
| 4.63%, 01/12/28 | &nbsp;&nbsp; 1715 | 1743986 |
| 4.65%, 01/05/29 | &nbsp;&nbsp; 1525 | 1561322 |
| 4.65%, 09/03/32 | &nbsp;&nbsp; 1560 | 1592654 |
| 4.70%, 01/12/33 | &nbsp;&nbsp; 765 | 783340 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 1440 | 1485856 |
| 4.80%, 01/05/34 | &nbsp;&nbsp; 1470 | 1506649 |
| 4.95%, 01/09/30<sup>(a)</sup> | &nbsp;&nbsp; 1370 | 1420315 |
| 5.05%, 05/16/29 | &nbsp;&nbsp; 1300 | 1346935 |
| 5.10%, 03/21/31 | &nbsp;&nbsp; 1550 | 1621911 |
| 5.25%, 09/11/28 | &nbsp;&nbsp; 1420 | 1471163 |
| 5.35%, 01/09/35<sup>(a)</sup> | &nbsp;&nbsp; 1665 | 1762324 |
| 5.45%, 11/10/27 | &nbsp;&nbsp; 1225 | 1260992 |
| 5.55%, 11/20/30<sup>(a)</sup> | &nbsp;&nbsp; 2765 | 2944515 |
| Series B, 3.75%, 01/12/28 | &nbsp;&nbsp; 1050 | 1051465 |
| Series B, 4.20%, 01/10/31<sup>(a)</sup> | &nbsp;&nbsp; 1385 | 1395340 |
| Series B, 4.80%, 01/11/36 | &nbsp;&nbsp; 1160 | 1170371 |
| Series B, 5.00%, 03/19/27 | &nbsp;&nbsp; 1505 | 1525545 |
| Volkswagen Group of America Finance LLC |  |  |
| 1.63%, 11/24/27<sup>(b)</sup> | &nbsp;&nbsp; 936 | 897631 |
| 3.75%, 05/13/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1240 | 1208840 |
| 4.35%, 06/08/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2050 | 2055667 |
| 4.45%, 09/11/27<sup>(b)</sup> | &nbsp;&nbsp; 260 | 261383 |
| 4.55%, 09/11/28<sup>(b)</sup> | &nbsp;&nbsp; 400 | 403449 |
| 4.60%, 06/08/29<sup>(b)</sup> | &nbsp;&nbsp; 1255 | 1263523 |
| 4.75%, 11/13/28<sup>(b)</sup> | &nbsp;&nbsp; 2444 | 2475244 |
| 4.85%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp; 780 | 788135 |
| 4.85%, 09/11/30<sup>(b)</sup> | &nbsp;&nbsp; 890 | 904709 |
| 4.95%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp; 600 | 605630 |
| 4.95%, 08/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2095 | 2134492 |
| 5.05%, 03/27/28<sup>(b)</sup> | &nbsp;&nbsp; 2235 | 2271335 |
| 5.25%, 03/22/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1745 | 1792144 |
| 5.30%, 03/22/27<sup>(b)</sup> | &nbsp;&nbsp; 975 | 988496 |
| 5.35%, 03/27/30<sup>(b)</sup> | &nbsp;&nbsp; 600 | 621952 |
| 5.60%, 03/22/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 845 | 879135 |
| 5.65%, 09/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1930 | 1995060 |
| 5.65%, 03/25/32<sup>(b)</sup> | &nbsp;&nbsp; 1000 | 1046259 |
| 5.80%, 03/27/35<sup>(b)</sup> | &nbsp;&nbsp; 925 | 970216 |
| 5.90%, 09/12/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 865 | 917039 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 6.20%, 11/16/28<sup>(b)</sup> | &nbsp;&nbsp; $1540 | $1614364 |
| 6.45%, 11/16/30<sup>(b)</sup> | &nbsp;&nbsp; 1705 | 1842035 |
|  |  | 458729400 |
| **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.10%, 12/01/51 | &nbsp;&nbsp; 3011 | 1966437 |
| 3.25%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1230 | 1163617 |
| 4.15%, 05/01/52 | &nbsp;&nbsp; 2155 | 1670578 |
| 4.40%, 10/01/46<sup>(a)</sup> | &nbsp;&nbsp; 611 | 507003 |
| 4.65%, 09/13/29<sup>(a)</sup> | &nbsp;&nbsp; 990 | 1013543 |
| 5.15%, 09/13/34<sup>(a)</sup> | &nbsp;&nbsp; 1140 | 1170158 |
| 5.40%, 03/15/49<sup>(a)</sup> | &nbsp;&nbsp; 673 | 632462 |
| 5.75%, 09/13/54<sup>(a)</sup> | &nbsp;&nbsp; 1120 | 1092742 |
| BorgWarner, Inc. |  |  |
| 2.65%, 07/01/27 | &nbsp;&nbsp; 1694 | 1663377 |
| 4.38%, 03/15/45<sup>(a)</sup> | &nbsp;&nbsp; 1084 | 929026 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 565 | 580683 |
| 5.40%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 735 | 763742 |
| Denso Corp. |  |  |
| 4.28%, 09/17/30<sup>(b)</sup> | &nbsp;&nbsp; 890 | 898476 |
| 4.42%, 09/11/29<sup>(b)</sup> | &nbsp;&nbsp; 805 | 816577 |
| Lear Corp. |  |  |
| 2.60%, 01/15/32 | &nbsp;&nbsp; 830 | 752704 |
| 3.50%, 05/30/30 | &nbsp;&nbsp; 710 | 688693 |
| 3.55%, 01/15/52 | &nbsp;&nbsp; 710 | 493513 |
| 3.80%, 09/15/27 | &nbsp;&nbsp; 407 | 405956 |
| 4.25%, 05/15/29 | &nbsp;&nbsp; 429 | 429341 |
| 5.25%, 05/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1104 | 1019018 |
| LG Energy Solution Ltd. |  |  |
| 5.25%, 04/02/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 915 | 933057 |
| 5.38%, 07/02/27<sup>(b)</sup> | &nbsp;&nbsp; 585 | 594087 |
| 5.38%, 07/02/29<sup>(b)</sup> | &nbsp;&nbsp; 615 | 636194 |
| 5.38%, 04/02/30<sup>(b)</sup> | &nbsp;&nbsp; 830 | 862981 |
| 5.50%, 07/02/34<sup>(b)</sup> | &nbsp;&nbsp; 875 | 916231 |
| 5.75%, 09/25/28<sup>(b)</sup> | &nbsp;&nbsp; 560 | 579750 |
| 5.88%, 04/02/35<sup>(b)</sup> | &nbsp;&nbsp; 1405 | 1479094 |
| Magna International, Inc. |  |  |
| 2.45%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1517 | 1420499 |
| 5.05%, 03/14/29<sup>(a)</sup> | &nbsp;&nbsp; 1005 | 1033471 |
| 5.50%, 03/21/33<sup>(a)</sup> | &nbsp;&nbsp; 745 | 783977 |
| 5.88%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 580 | 621165 |
| Motherson Global Investments BV, 5.63%, <br> 07/11/29<sup>(b)</sup><br>| &nbsp;&nbsp; 150 | 154323 |
| Toyota Industries Corp., 3.57%, 03/16/28<sup>(b)</sup> | &nbsp;&nbsp; 285 | 282171 |
|  |  | 28954646 |
| **Banks — 21.0%** | **Banks — 21.0%** | **Banks — 21.0%** |
| ABN AMRO Bank NV |  |  |
| 2.47%, 12/13/29, (1-year CMT + <br> 1.10%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2930 | 2802804 |
| 3.32%, 03/13/37, (5-year CMT + 1.90%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1737 | 1593705 |
| 4.20%, 07/07/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 850 | 856011 |
| 4.20%, 02/26/31<sup>(b)</sup> | &nbsp;&nbsp; 600 | 600573 |
| 4.83%, 02/26/36<sup>(b)</sup> | &nbsp;&nbsp; 600 | 598782 |
| 4.99%, 12/03/28, (1-year CMT + 0.78%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1825 | 1855777 |
| 5.52%, 12/03/35, (1-year CMT + <br> 1.25%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1330 | 1381435 |
| AIB Group PLC |  |  |
| 5.32%, 05/15/31, (1-day SOFR + <br> 1.65%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1020 | 1059575 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.87%, 03/28/35, (1-day SOFR Index + <br> 1.91%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; $1465 | $1561130 |
| 6.61%, 09/13/29, (1-day SOFR + <br> 2.33%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1290 | 1365401 |
| ANZ Bank New Zealand Ltd. |  |  |
| 5.55%, 08/11/32, (5-year CMT + 2.70%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1035 | 1054177 |
| 5.90%, 07/10/34, (5-year CMT + 1.50%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 890 | 929415 |
| ANZ New Zealand International Ltd. |  |  |
| 2.55%, 02/13/30<sup>(b)</sup> | &nbsp;&nbsp; 375 | 356169 |
| 3.45%, 07/17/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 832 | 828686 |
| 3.45%, 01/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 897 | 891575 |
| 5.36%, 08/14/28<sup>(b)</sup> | &nbsp;&nbsp; 1450 | 1504988 |
| ANZ New Zealand Int'l Ltd/London, 4.00%, <br> 01/22/29<sup>(b)</sup><br>| &nbsp;&nbsp; 440 | 442553 |
| ASB Bank Ltd. |  |  |
| 2.38%, 10/22/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1200 | 1090256 |
| 4.16%, 10/29/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 800 | 806743 |
| 5.28%, 06/17/32, (5-year CMT + <br> 2.25%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1230 | 1245972 |
| 5.40%, 11/29/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1310 | 1345295 |
| Australia & New Zealand Banking Group Ltd. |  |  |
| 2.57%, 11/25/35, (5-year CMT + <br> 1.70%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 3618 | 3308145 |
| 5.20%, 09/30/35, (1-year CMT + <br> 1.47%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1790 | 1823951 |
| 5.73%, 09/18/34, (5-year CMT + 1.62%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1845 | 1921093 |
| 5.82%, 06/18/36, (1-year CMT + 1.35%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2210 | 2321424 |
| 6.74%, 12/08/32<sup>(b)</sup> | &nbsp;&nbsp; 2065 | 2309724 |
| Australia & New Zealand Banking Group <br> Ltd./New York<br>|  |  |
| 3.92%, 09/30/27 | &nbsp;&nbsp; 1520 | 1527204 |
| 4.62%, 12/16/29<sup>(a)</sup> | &nbsp;&nbsp; 1435 | 1475967 |
| 4.90%, 07/16/27 | &nbsp;&nbsp; 1155 | 1174861 |
| Series A, 3.92%, 12/08/28 | &nbsp;&nbsp; 625 | 628120 |
| Series A, 4.36%, 06/18/28 | &nbsp;&nbsp; 1245 | 1263335 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| 4.15%, 03/03/29 | &nbsp;&nbsp; 1400 | 1400307 |
| 5.13%, 03/03/36 | &nbsp;&nbsp; 1400 | 1391832 |
| 5.38%, 03/13/29<sup>(a)</sup> | &nbsp;&nbsp; 1610 | 1675170 |
| 6.03%, 03/13/35, (1-year CMT + 1.95%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1575 | 1684489 |
| 6.14%, 09/14/28, (1-year CMT + 2.70%)<sup>(d)</sup> | &nbsp;&nbsp; 825 | 851841 |
| 7.88%, 11/15/34, (1-year CMT + 3.30%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1330 | 1553641 |
| Banco de Chile, 2.99%, 12/09/31<sup>(b)</sup> | &nbsp;&nbsp; 355 | 328406 |
| Banco de Credito del Peru SA |  |  |
| 5.80%, 03/10/35, (5-year CMT + 2.24%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1270 | 1292225 |
| 5.85%, 01/11/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 845 | 880661 |
| Banco de Credito e Inversiones SA |  |  |
| 2.88%, 10/14/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 690 | 642366 |
| 3.50%, 10/12/27<sup>(b)</sup> | &nbsp;&nbsp; 957 | 948342 |
| Banco General SA, 4.13%, 08/07/27<sup>(b)</sup> | &nbsp;&nbsp; 515 | 512878 |
| Banco Inbursa SA Institucion De Banca Multiple <br> Grupo Financiero Inbursa, 4.38%, <br> 04/11/27<sup>(b)</sup><br>| &nbsp;&nbsp; 682 | 681865 |
| Banco Nacional de Panama, 2.50%, 08/11/30<sup>(b)</sup> | &nbsp;&nbsp; 1541 | 1389913 |
| Banco Santander Chile, 3.18%, 10/26/31<sup>(b)</sup> | &nbsp;&nbsp; 200 | 187206 |
| Banco Santander Mexico SA Institucion de <br> Banca Multiple Grupo Financiero Santand, <br> 5.62%, 12/10/29<sup>(b)</sup><br>| &nbsp;&nbsp; 445 | 464803 |
| Banco Santander SA |  |  |
| 2.75%, 12/03/30 | &nbsp;&nbsp; 4135 | 3799862 |
| 2.96%, 03/25/31<sup>(a)</sup> | &nbsp;&nbsp; 1535 | 1436357 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.23%, 11/22/32, (1-year CMT + 1.60%)<sup>(d)</sup> | &nbsp;&nbsp; $1425 | $1314431 |
| 3.31%, 06/27/29 | &nbsp;&nbsp; 1800 | 1758459 |
| 3.49%, 05/28/30 | &nbsp;&nbsp; 2062 | 2003867 |
| 3.80%, 02/23/28 | &nbsp;&nbsp; 1707 | 1700227 |
| 4.18%, 03/24/28, (1-year CMT + 2.00%)<sup>(d)</sup> | &nbsp;&nbsp; 2990 | 2991063 |
| 4.25%, 04/11/27 | &nbsp;&nbsp; 1825 | 1829783 |
| 4.38%, 04/12/28 | &nbsp;&nbsp; 2085 | 2099423 |
| 4.55%, 11/06/30 | &nbsp;&nbsp; 1000 | 1007986 |
| 5.13%, 11/06/35 | &nbsp;&nbsp; 1240 | 1247798 |
| 5.29%, 08/18/27 | &nbsp;&nbsp; 2310 | 2350671 |
| 5.37%, 07/15/28, (1-year CMT + 0.95%)<sup>(d)</sup> | &nbsp;&nbsp; 2895 | 2946361 |
| 5.44%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2320 | 2453928 |
| 5.54%, 03/14/30, (1-year CMT + 1.45%)<sup>(d)</sup> | &nbsp;&nbsp; 1965 | 2041594 |
| 5.55%, 03/14/28, (1-year CMT + 1.25%)<sup>(d)</sup> | &nbsp;&nbsp; 1255 | 1273724 |
| 5.57%, 01/17/30 | &nbsp;&nbsp; 1865 | 1955113 |
| 5.59%, 08/08/28 | &nbsp;&nbsp; 2165 | 2244082 |
| 6.03%, 01/17/35 | &nbsp;&nbsp; 1660 | 1788806 |
| 6.35%, 03/14/34<sup>(a)</sup> | &nbsp;&nbsp; 2058 | 2222196 |
| 6.61%, 11/07/28 | &nbsp;&nbsp; 2165 | 2307461 |
| 6.92%, 08/08/33 | &nbsp;&nbsp; 4330 | 4815564 |
| 6.94%, 11/07/33 | &nbsp;&nbsp; 2440 | 2819658 |
| Bangkok Bank PCL, 5.30%, 09/21/28<sup>(b)</sup> | &nbsp;&nbsp; 1055 | 1084796 |
| Bangkok Bank PCL/Hong Kong |  |  |
| 3.47%, 09/23/36, (5-year CMT + <br> 2.15%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1245 | 1146037 |
| 4.30%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp; 765 | 766869 |
| 4.45%, 09/19/28<sup>(b)</sup> | &nbsp;&nbsp; 465 | 469311 |
| 4.51%, 11/26/30<sup>(b)</sup> | &nbsp;&nbsp; 755 | 762892 |
| 5.08%, 11/26/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 610 | 618613 |
| 5.50%, 09/21/33<sup>(b)</sup> | &nbsp;&nbsp; 1255 | 1316042 |
| 5.65%, 07/05/34<sup>(b)</sup> | &nbsp;&nbsp; 1495 | 1579140 |
| 6.06%, 03/25/40, (5-year CMT + 1.78%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2055 | 2141273 |
| 9.03%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 285 | 320415 |
| Bank of America Corp. |  |  |
| 1.90%, 07/23/31, (1-day SOFR + 1.53%)<sup>(d)</sup> | &nbsp;&nbsp; 5872 | 5332182 |
| 1.92%, 10/24/31, (1-day SOFR + 1.37%)<sup>(d)</sup> | &nbsp;&nbsp; 5078 | 4581969 |
| 2.09%, 06/14/29, (1-day SOFR + 1.06%)<sup>(d)</sup> | &nbsp;&nbsp; 6605 | 6329989 |
| 2.30%, 07/21/32, (1-day SOFR + 1.22%)<sup>(d)</sup> | &nbsp;&nbsp; 6847 | 6177307 |
| 2.48%, 09/21/36, (5-year CMT + 1.20%)<sup>(d)</sup> | &nbsp;&nbsp; 4344 | 3843818 |
| 2.50%, 02/13/31, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(d)</sup><br>| &nbsp;&nbsp; 7557 | 7097766 |
| 2.57%, 10/20/32, (1-day SOFR + 1.21%)<sup>(d)</sup> | &nbsp;&nbsp; 5558 | 5063497 |
| 2.59%, 04/29/31, (1-day SOFR + 2.15%)<sup>(d)</sup> | &nbsp;&nbsp; 6682 | 6282764 |
| 2.68%, 06/19/41, (1-day SOFR + 1.93%)<sup>(d)</sup> | &nbsp;&nbsp; 8826 | 6560077 |
| 2.69%, 04/22/32, (1-day SOFR + 1.32%)<sup>(d)</sup> | &nbsp;&nbsp; 9367 | 8673107 |
| 2.83%, 10/24/51, (1-day SOFR + 1.88%)<sup>(d)</sup> | &nbsp;&nbsp; 1612 | 1038844 |
| 2.88%, 10/22/30, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3578 | 3432774 |
| 2.97%, 02/04/33, (1-day SOFR + 1.33%)<sup>(d)</sup> | &nbsp;&nbsp; 6815 | 6299776 |
| 2.97%, 07/21/52, (1-day SOFR + 1.56%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 3490 | 2307078 |
| 3.19%, 07/23/30, (3-mo. CME Term SOFR + <br> 1.44%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4987 | 4850308 |
| 3.25%, 10/21/27 | &nbsp;&nbsp; 5223 | 5183243 |
| 3.31%, 04/22/42, (1-day SOFR + 1.58%)<sup>(d)</sup> | &nbsp;&nbsp; 6748 | 5381449 |
| 3.42%, 12/20/28, (3-mo. CME Term SOFR + <br> 1.30%)<sup>(d)</sup><br>| &nbsp;&nbsp; 13252 | 13114947 |
| 3.59%, 07/21/28, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4934 | 4905135 |
| 3.71%, 04/24/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4000 | 3987223 |
| 3.85%, 03/08/37, (5-year CMT + 2.00%)<sup>(d)</sup> | &nbsp;&nbsp; 4167 | 3943593 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.95%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; $2463 | $1988517 |
| 3.97%, 03/05/29, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5766 | 5761855 |
| 3.97%, 02/07/30, (3-mo. CME Term SOFR + <br> 1.47%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5206 | 5201371 |
| 4.08%, 04/23/40, (3-mo. CME Term SOFR + <br> 1.58%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3435 | 3086881 |
| 4.08%, 03/20/51, (3-mo. CME Term SOFR + <br> 3.41%)<sup>(d)</sup><br>| &nbsp;&nbsp; 8936 | 7247955 |
| 4.24%, 04/24/38, (3-mo. CME Term SOFR + <br> 2.08%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4477 | 4197144 |
| 4.27%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(d)</sup><br>| &nbsp;&nbsp; 6126 | 6160647 |
| 4.33%, 03/15/50, (3-mo. CME Term SOFR + <br> 1.78%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4423 | 3754138 |
| 4.35%, 02/10/31 | &nbsp;&nbsp; 90 | 90803 |
| 4.38%, 04/27/28, (1-day SOFR + 1.58%)<sup>(d)</sup> | &nbsp;&nbsp; 3982 | 4000218 |
| 4.44%, 01/20/48, (3-mo. CME Term SOFR + <br> 2.25%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4062 | 3565430 |
| 4.46%, 02/06/32, (1-day SOFR + 0.87%)<sup>(d)</sup> | &nbsp;&nbsp; 5195 | 5233883 |
| 4.57%, 04/27/33, (1-day SOFR + 1.83%)<sup>(d)</sup> | &nbsp;&nbsp; 7105 | 7133908 |
| 4.62%, 05/09/29, (1-day SOFR + 1.11%)<sup>(d)</sup> | &nbsp;&nbsp; 4170 | 4229185 |
| 4.88%, 04/01/44 | &nbsp;&nbsp; 947 | 912200 |
| 4.95%, 07/22/28, (1-day SOFR + 2.04%)<sup>(d)</sup> | &nbsp;&nbsp; 8705 | 8814280 |
| 4.98%, 01/24/29, (1-day SOFR + 0.83%)<sup>(d)</sup> | &nbsp;&nbsp; 5730 | 5832373 |
| 5.00%, 01/21/44 | &nbsp;&nbsp; 3818 | 3716834 |
| 5.02%, 07/22/33, (1-day SOFR + 2.16%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 8650 | 8904169 |
| 5.05%, 02/06/37, (1-day SOFR + 1.13%)<sup>(d)</sup> | &nbsp;&nbsp; 5050 | 5122838 |
| 5.16%, 01/24/31, (1-day SOFR + 1.00%)<sup>(d)</sup> | &nbsp;&nbsp; 4740 | 4919840 |
| 5.20%, 04/25/29, (1-day SOFR + 1.63%)<sup>(d)</sup> | &nbsp;&nbsp; 6185 | 6336818 |
| 5.29%, 04/25/34, (1-day SOFR + 1.91%)<sup>(d)</sup> | &nbsp;&nbsp; 8748 | 9079062 |
| 5.43%, 08/15/35, (1-day SOFR + 1.91%)<sup>(d)</sup> | &nbsp;&nbsp; 4230 | 4333273 |
| 5.46%, 05/09/36, (1-day SOFR + 1.64%)<sup>(d)</sup> | &nbsp;&nbsp; 3775 | 3954237 |
| 5.47%, 01/23/35, (1-day SOFR + 1.65%)<sup>(d)</sup> | &nbsp;&nbsp; 11265 | 11805678 |
| 5.51%, 01/24/36, (1-day SOFR + 1.31%)<sup>(d)</sup> | &nbsp;&nbsp; 5930 | 6224080 |
| 5.52%, 10/25/35, (1-day SOFR + 1.74%)<sup>(d)</sup> | &nbsp;&nbsp; 7215 | 7404170 |
| 5.74%, 02/12/36, (1-day SOFR + 1.70%)<sup>(d)</sup> | &nbsp;&nbsp; 4090 | 4274517 |
| 5.82%, 09/15/29, (1-day SOFR + 1.57%)<sup>(d)</sup> | &nbsp;&nbsp; 6255 | 6523429 |
| 5.87%, 09/15/34, (1-day SOFR + 1.84%)<sup>(d)</sup> | &nbsp;&nbsp; 7405 | 7950375 |
| 5.88%, 02/07/42 | &nbsp;&nbsp; 2663 | 2856057 |
| 6.11%, 01/29/37 | &nbsp;&nbsp; 3704 | 3999616 |
| 6.20%, 11/10/28, (1-day SOFR + 1.99%)<sup>(d)</sup> | &nbsp;&nbsp; 6670 | 6907255 |
| 7.75%, 05/14/38<sup>(a)</sup> | &nbsp;&nbsp; 4013 | 4922196 |
| Series L, 4.18%, 11/25/27<sup>(a)</sup> | &nbsp;&nbsp; 3602 | 3605014 |
| Series L, 4.75%, 04/21/45<sup>(a)</sup> | &nbsp;&nbsp; 1239 | 1138235 |
| Series N, 2.65%, 03/11/32, (1-day SOFR + <br> 1.22%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4009 | 3717009 |
| Series N, 3.48%, 03/13/52, (1-day SOFR + <br> 1.65%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2213 | 1618053 |
| Bank of America N.A., 6.00%, 10/15/36 | &nbsp;&nbsp; 2318 | 2520644 |
| Bank of Ireland Group PLC, 5.60%, 03/20/30, <br> (1-day SOFR + 1.62%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 1010 | 1050884 |
| Bank of Montreal |  |  |
| 2.65%, 03/08/27 | &nbsp;&nbsp; 2085 | 2062952 |
| 3.09%, 01/10/37, (5-year CMT + 1.40%)<sup>(d)</sup> | &nbsp;&nbsp; 2352 | 2146723 |
| 3.80%, 12/15/32, (5-year USD Swap + <br> 1.43%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2753 | 2732367 |
| 4.06%, 09/22/28, (1-day SOFR Index + <br> 0.75%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 6035 | 6050267 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.35%, 09/22/31, (1-day SOFR Index + <br> 1.08%)<sup>(d)</sup><br>| &nbsp;&nbsp; $1855 | $1866970 |
| 4.64%, 09/10/30, (1-day SOFR + 1.25%)<sup>(d)</sup> | &nbsp;&nbsp; 1810 | 1843181 |
| 5.00%, 01/27/29, (1-day SOFR Index + <br> 0.67%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2565 | 2615145 |
| 5.20%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2185 | 2239851 |
| 5.37%, 06/04/27 | &nbsp;&nbsp; 450 | 458383 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 2010 | 2130247 |
| 5.72%, 09/25/28 | &nbsp;&nbsp; 1845 | 1924655 |
| 7.30%, 11/26/84, (5-year CMT + 3.01%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1115 | 1187195 |
| 7.70%, 05/26/84, (5-year CMT + 3.45%)<sup>(d)</sup> | &nbsp;&nbsp; 1865 | 1975464 |
| Series H, 4.70%, 09/14/27<sup>(a)</sup> | &nbsp;&nbsp; 1680 | 1701696 |
| Series J, 4.44%, 01/14/32, (1-day SOFR + <br> 0.97%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1170 | 1177564 |
| Bank of New York Mellon Corp.(The) |  |  |
| 1.65%, 07/14/28<sup>(a)</sup> | &nbsp;&nbsp; 885 | 846435 |
| 1.65%, 01/28/31<sup>(a)</sup> | &nbsp;&nbsp; 1207 | 1083964 |
| 1.80%, 07/28/31 | &nbsp;&nbsp; 1145 | 1019534 |
| 2.50%, 01/26/32<sup>(a)</sup> | &nbsp;&nbsp; 1075 | 985280 |
| 3.00%, 10/30/28 | &nbsp;&nbsp; 1006 | 982316 |
| 3.25%, 05/16/27<sup>(a)</sup> | &nbsp;&nbsp; 1468 | 1462033 |
| 3.30%, 08/23/29 | &nbsp;&nbsp; 1809 | 1767857 |
| 3.40%, 01/29/28 | &nbsp;&nbsp; 1220 | 1213816 |
| 3.85%, 04/28/28 | &nbsp;&nbsp; 1591 | 1598567 |
| 3.85%, 04/26/29 | &nbsp;&nbsp; 815 | 817253 |
| 3.99%, 06/13/28, (1-day SOFR + 1.15%)<sup>(d)</sup> | &nbsp;&nbsp; 1000 | 1001954 |
| 4.03%, 01/22/30, (1-day SOFR + 0.63%)<sup>(d)</sup> | &nbsp;&nbsp; 1670 | 1672771 |
| 4.29%, 06/13/33, (1-day SOFR + 1.42%)<sup>(d)</sup> | &nbsp;&nbsp; 2122 | 2105843 |
| 4.44%, 06/09/28, (1-day SOFR + 0.68%)<sup>(d)</sup> | &nbsp;&nbsp; 1320 | 1329741 |
| 4.54%, 02/01/29, (1-day SOFR + 1.17%)<sup>(d)</sup> | &nbsp;&nbsp; 1220 | 1234290 |
| 4.60%, 07/26/30, (1-day SOFR + 1.76%)<sup>(d)</sup> | &nbsp;&nbsp; 840 | 856710 |
| 4.71%, 02/01/34, (1-day SOFR + 1.51%)<sup>(d)</sup> | &nbsp;&nbsp; 1285 | 1300995 |
| 4.73%, 04/20/29, (1-day SOFR + 1.14%)<sup>(d)</sup> | &nbsp;&nbsp; 1715 | 1744258 |
| 4.89%, 07/21/28, (1-day SOFR + 0.84%)<sup>(d)</sup> | &nbsp;&nbsp; 1490 | 1512419 |
| 4.94%, 02/11/31, (1-day SOFR + 0.89%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1605 | 1655975 |
| 4.97%, 04/26/34, (1-day SOFR + 1.61%)<sup>(d)</sup> | &nbsp;&nbsp; 1575 | 1615881 |
| 4.98%, 03/14/30, (1-day SOFR + 1.09%)<sup>(d)</sup> | &nbsp;&nbsp; 1775 | 1826959 |
| 5.06%, 07/22/32, (1-day SOFR + 1.23%)<sup>(d)</sup> | &nbsp;&nbsp; 1335 | 1389072 |
| 5.19%, 03/14/35, (1-day SOFR + 1.42%)<sup>(d)</sup> | &nbsp;&nbsp; 1854 | 1928697 |
| 5.23%, 11/20/35, (1-day SOFR + 1.25%)<sup>(d)</sup> | &nbsp;&nbsp; 1560 | 1624355 |
| 5.32%, 06/06/36, (1-day SOFR + 1.35%)<sup>(d)</sup> | &nbsp;&nbsp; 1635 | 1706915 |
| 5.61%, 07/21/39, (1-day SOFR + 1.77%)<sup>(d)</sup> | &nbsp;&nbsp; 805 | 846561 |
| 5.80%, 10/25/28, (1-day SOFR Index + <br> 1.80%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2265 | 2334994 |
| 5.83%, 10/25/33, (1-day SOFR Index + <br> 2.07%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2269 | 2457181 |
| 6.32%, 10/25/29, (1-day SOFR + 1.60%)<sup>(d)</sup> | &nbsp;&nbsp; 485 | 513297 |
| 6.47%, 10/25/34, (1-day SOFR + 1.85%)<sup>(d)</sup> | &nbsp;&nbsp; 1225 | 1373270 |
| Series J, 1.90%, 01/25/29<sup>(a)</sup> | &nbsp;&nbsp; 1257 | 1194914 |
| Bank of New Zealand |  |  |
| 2.87%, 01/27/32<sup>(b)</sup> | &nbsp;&nbsp; 465 | 432794 |
| 4.85%, 02/07/28<sup>(b)</sup> | &nbsp;&nbsp; 1280 | 1305160 |
| 5.08%, 01/30/29<sup>(b)</sup> | &nbsp;&nbsp; 1305 | 1348699 |
| 5.70%, 01/28/35, (5-year CMT + 1.30%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 340 | 354580 |
| Bank of Nova Scotia(The) |  |  |
| 2.15%, 08/01/31 | &nbsp;&nbsp; 1590 | 1437694 |
| 2.45%, 02/02/32 | &nbsp;&nbsp; 1715 | 1553587 |
| 2.95%, 03/11/27 | &nbsp;&nbsp; 1040 | 1032195 |
| 4.04%, 09/15/28, (1-day SOFR + 0.76%)<sup>(d)</sup> | &nbsp;&nbsp; 5680 | 5688181 |
| 4.25%, 02/02/30, (1-day SOFR + 0.73%)<sup>(d)</sup> | &nbsp;&nbsp; 1500 | 1507402 |
| 4.34%, 09/15/31, (1-day SOFR + 1.09%)<sup>(d)</sup> | &nbsp;&nbsp; 1000 | 1003561 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.40%, 09/08/28, (1-day SOFR + 1.00%)<sup>(d)</sup> | &nbsp;&nbsp; $2345 | $2360261 |
| 4.59%, 05/04/37, (5-year CMT + 2.05%)<sup>(d)</sup> | &nbsp;&nbsp; 2149 | 2114615 |
| 4.74%, 11/10/32, (1-day SOFR + 1.44%)<sup>(d)</sup> | &nbsp;&nbsp; 1525 | 1552364 |
| 4.81%, 02/02/34, (1-day SOFR + 1.05%)<sup>(d)</sup> | &nbsp;&nbsp; 1750 | 1770172 |
| 4.85%, 02/01/30 | &nbsp;&nbsp; 2265 | 2331571 |
| 4.93%, 02/14/29, (1-day SOFR + 0.89%)<sup>(d)</sup> | &nbsp;&nbsp; 2040 | 2077083 |
| 5.13%, 02/14/31, (1-day SOFR + 1.07%)<sup>(d)</sup> | &nbsp;&nbsp; 2370 | 2453959 |
| 5.25%, 06/12/28 | &nbsp;&nbsp; 1445 | 1489010 |
| 5.40%, 06/04/27 | &nbsp;&nbsp; 1460 | 1489151 |
| 5.45%, 08/01/29 | &nbsp;&nbsp; 1260 | 1319187 |
| 5.65%, 02/01/34 | &nbsp;&nbsp; 1605 | 1718061 |
| 6.88%, 10/27/85, (5-year CMT + 2.73%)<sup>(d)</sup> | &nbsp;&nbsp; 1620 | 1672642 |
| 7.35%, 04/27/85, (5-year CMT + 2.90%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1895 | 1987482 |
| 8.00%, 01/27/84, (5-year CMT + 4.02%)<sup>(d)</sup> | &nbsp;&nbsp; 1310 | 1401763 |
| 8.63%, 10/27/82, (5-year CMT + 4.39%)<sup>(d)</sup> | &nbsp;&nbsp; 715 | 755769 |
| BankUnited, Inc., 5.13%, 06/11/30 | &nbsp;&nbsp; 555 | 559722 |
| Banque Federative du Credit Mutuel SA |  |  |
| 4.54%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 895 | 900086 |
| 4.59%, 10/16/28<sup>(b)</sup> | &nbsp;&nbsp; 1395 | 1411982 |
| 4.75%, 07/13/27<sup>(b)</sup> | &nbsp;&nbsp; 1205 | 1217737 |
| 5.11%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 420 | 424466 |
| 5.19%, 02/16/28<sup>(b)</sup> | &nbsp;&nbsp; 1165 | 1191379 |
| 5.54%, 01/22/30<sup>(b)</sup> | &nbsp;&nbsp; 1090 | 1141066 |
| 5.79%, 07/13/28<sup>(b)</sup> | &nbsp;&nbsp; 1560 | 1620248 |
| Barclays PLC |  |  |
| 2.65%, 06/24/31, (1-year CMT + 1.90%)<sup>(d)</sup> | &nbsp;&nbsp; 1867 | 1742484 |
| 2.67%, 03/10/32, (1-year CMT + 1.20%)<sup>(d)</sup> | &nbsp;&nbsp; 2142 | 1970130 |
| 2.89%, 11/24/32, (1-year CMT + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 1570 | 1439003 |
| 3.33%, 11/24/42, (1-year CMT + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 2345 | 1822539 |
| 3.56%, 09/23/35, (5-year CMT + 2.90%)<sup>(d)</sup> | &nbsp;&nbsp; 1908 | 1817327 |
| 3.81%, 03/10/42, (1-year CMT + 1.70%)<sup>(d)</sup> | &nbsp;&nbsp; 3010 | 2442636 |
| 4.22%, 05/24/30, (1-day SOFR + 0.93%)<sup>(d)</sup> | &nbsp;&nbsp; 1800 | 1800394 |
| 4.34%, 01/10/28 | &nbsp;&nbsp; 2645 | 2652273 |
| 4.48%, 11/11/29, (1-day SOFR + 1.08%)<sup>(d)</sup> | &nbsp;&nbsp; 3265 | 3290269 |
| 4.52%, 02/24/32, (1-day SOFR + 1.14%)<sup>(d)</sup> | &nbsp;&nbsp; 1800 | 1803984 |
| 4.84%, 05/09/28 | &nbsp;&nbsp; 3384 | 3409547 |
| 4.84%, 09/10/28, (1-day SOFR + 1.34%)<sup>(d)</sup> | &nbsp;&nbsp; 2910 | 2940889 |
| 4.94%, 09/10/30, (1-day SOFR + 1.56%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2815 | 2880349 |
| 4.95%, 01/10/47 | &nbsp;&nbsp; 2375 | 2220949 |
| 4.97%, 05/16/29, (3-mo. SOFR US + <br> 2.16%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2893 | 2944518 |
| 5.09%, 02/25/29, (1-day SOFR + 0.96%)<sup>(d)</sup> | &nbsp;&nbsp; 1600 | 1630045 |
| 5.09%, 06/20/30, (3-mo. SOFR US + <br> 3.32%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2615 | 2667096 |
| 5.21%, 02/24/37, (1-day SOFR + 1.51%)<sup>(d)</sup> | &nbsp;&nbsp; 1350 | 1348726 |
| 5.25%, 08/17/45<sup>(a)</sup> | &nbsp;&nbsp; 2280 | 2227998 |
| 5.34%, 09/10/35, (1-day SOFR + 1.91%)<sup>(d)</sup> | &nbsp;&nbsp; 4045 | 4139060 |
| 5.37%, 02/25/31, (1-day SOFR + 1.23%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2276 | 2362553 |
| 5.50%, 08/09/28, (1-year CMT + 2.65%)<sup>(d)</sup> | &nbsp;&nbsp; 3160 | 3221795 |
| 5.67%, 03/12/28, (1-day SOFR + 1.49%)<sup>(d)</sup> | &nbsp;&nbsp; 2010 | 2041789 |
| 5.69%, 03/12/30, (1-day SOFR + 1.74%)<sup>(d)</sup> | &nbsp;&nbsp; 4140 | 4315956 |
| 5.75%, 08/09/33, (1-year CMT + 3.00%)<sup>(d)</sup> | &nbsp;&nbsp; 1980 | 2095378 |
| 5.79%, 02/25/36, (1-day SOFR + 1.59%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 3820 | 4002051 |
| 5.86%, 08/11/46, (1-day SOFR + 1.83%)<sup>(d)</sup> | &nbsp;&nbsp; 2650 | 2736424 |
| 6.04%, 03/12/55, (1-day SOFR + 2.42%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1460 | 1572158 |
| 6.22%, 05/09/34, (1-day SOFR + 2.98%)<sup>(d)</sup> | &nbsp;&nbsp; 3825 | 4138470 |
| 6.49%, 09/13/29, (1-day SOFR + 2.22%)<sup>(d)</sup> | &nbsp;&nbsp; 2010 | 2122806 |
| 6.69%, 09/13/34, (1-day SOFR + 2.62%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2090 | 2326388 |
| 7.12%, 06/27/34, (1-day SOFR + 3.57%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2575 | 2891685 |
| 7.39%, 11/02/28, (1-year CMT + 3.30%)<sup>(d)</sup> | &nbsp;&nbsp; 3455 | 3638460 |
| 7.44%, 11/02/33, (1-year CMT + 3.50%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 3527 | 4048157 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| BBVA Bancomer SA, 5.25%, 09/10/29<sup>(b)</sup> | &nbsp;&nbsp; $940 | $965474 |
| Blackstone Reg Finance Co. LLC |  |  |
| 4.30%, 11/03/30<sup>(a)</sup> | &nbsp;&nbsp; 1070 | 1067668 |
| 4.95%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 555 | 549876 |
| 5.00%, 12/06/34<sup>(a)</sup> | &nbsp;&nbsp; 1110 | 1113822 |
| BNP Paribas SA |  |  |
| 1.90%, 09/30/28, (1-day SOFR + 1.61%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3317 | 3206373 |
| 2.16%, 09/15/29, (1-day SOFR + 1.22%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2945 | 2801389 |
| 2.59%, 08/12/35, (5-year CMT + 2.05%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2794 | 2560482 |
| 2.82%, 01/26/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 1845 | 1354736 |
| 2.87%, 04/19/32, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 4162 | 3851801 |
| 3.05%, 01/13/31, (1-day SOFR + 1.51%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3775 | 3604784 |
| 3.13%, 01/20/33, (1-day SOFR + 1.56%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3135 | 2896784 |
| 3.50%, 11/16/27<sup>(b)</sup> | &nbsp;&nbsp; 2415 | 2397653 |
| 4.38%, 03/01/33, (5-year USD Swap + <br> 1.48%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1720 | 1712550 |
| 4.40%, 08/14/28<sup>(b)</sup> | &nbsp;&nbsp; 4032 | 4058413 |
| 4.63%, 03/13/27<sup>(b)</sup> | &nbsp;&nbsp; 2468 | 2481510 |
| 4.79%, 05/09/29, (1-day SOFR + 1.45%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1605 | 1625366 |
| 4.92%, 01/15/34, (1-day SOFR + <br> 1.29%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2005 | 2014625 |
| 5.09%, 05/09/31, (1-day SOFR + 1.68%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2220 | 2282491 |
| 5.13%, 01/13/29, (1-year CMT + 1.45%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3865 | 3945128 |
| 5.18%, 01/09/30, (1-day SOFR + 1.52%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2810 | 2890190 |
| 5.20%, 01/10/30, (3-mo. CME Term SOFR + <br> 2.83%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 1545 | 1587795 |
| 5.28%, 11/19/30, (1-day SOFR + 1.28%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2655 | 2750460 |
| 5.34%, 06/12/29, (1-year CMT + 1.50%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3610 | 3709223 |
| 5.50%, 05/20/30, (1-day SOFR + 1.59%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3025 | 3140908 |
| 5.74%, 02/20/35, (1-day SOFR + 1.88%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2960 | 3135358 |
| 5.79%, 01/13/33, (1-day SOFR + 1.62%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 4080 | 4321321 |
| 5.89%, 12/05/34, (1-day SOFR + 1.87%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3830 | 4108980 |
| 5.91%, 11/19/35, (1-day SOFR + 1.92%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3110 | 3248754 |
| BPCE SA |  |  |
| 2.28%, 01/20/32, (1-day SOFR + <br> 1.31%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2628 | 2366656 |
| 2.70%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1631 | 1552886 |
| 3.12%, 10/19/32, (1-day SOFR + 1.73%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1782 | 1618280 |
| 3.25%, 01/11/28<sup>(b)</sup> | &nbsp;&nbsp; 1450 | 1432776 |
| 3.50%, 10/23/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2230 | 2213887 |
| 3.58%, 10/19/42, (1-day SOFR + <br> 1.95%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1335 | 1018827 |
| 3.65%, 01/14/37, (5-year CMT + 1.90%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1540 | 1424451 |
| 4.63%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp; 1370 | 1385791 |
| 4.75%, 07/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1297 | 1312161 |
| 4.76%, 01/13/32, (1-day SOFR + <br> 1.27%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1395 | 1407005 |
| 5.13%, 01/18/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1135 | 1159150 |
| 5.28%, 05/30/29<sup>(b)</sup> | &nbsp;&nbsp; 1465 | 1515455 |
| 5.39%, 05/28/31, (1-day SOFR + 1.58%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2020 | 2089734 |
| 5.42%, 01/13/37, (1-day SOFR + <br> 1.57%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1345 | 1354259 |
| 5.72%, 01/18/30, (1-day SOFR + 1.96%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1960 | 2036260 |
| 5.75%, 07/19/33, (1-day SOFR + <br> 2.87%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1998 | 2098228 |
| 5.88%, 01/14/31, (1-day SOFR + 1.68%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2310 | 2428686 |
| 5.94%, 05/30/35, (1-day SOFR + 1.85%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2795 | 2949608 |
| 6.03%, 05/28/36, (1-day SOFR + 1.96%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1725 | 1819362 |
| 6.29%, 01/14/36, (1-day SOFR + 2.04%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2165 | 2332037 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.35%, 01/13/47, (1-day SOFR + <br> 2.11%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; $1125 | $1127220 |
| 6.51%, 01/18/35, (1-day SOFR + <br> 2.79%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1840 | 1960528 |
| 6.71%, 10/19/29, (1-day SOFR + 2.27%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2410 | 2559347 |
| 6.92%, 01/14/46, (1-day SOFR + 2.61%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1660 | 1788831 |
| 7.00%, 10/19/34, (1-day SOFR + 2.59%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2445 | 2747806 |
| Brookfield Finance, Inc., 6.30%, 01/15/55, <br> (5-year CMT + 2.08%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 825 | 817215 |
| CaixaBank SA |  |  |
| 4.63%, 07/03/29, (1-day SOFR + 1.14%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1630 | 1649633 |
| 4.89%, 07/03/31, (1-day SOFR + 1.36%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1380 | 1408376 |
| 5.58%, 07/03/36, (1-day SOFR + <br> 1.79%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1485 | 1540742 |
| 5.67%, 03/15/30, (1-day SOFR Index + <br> 1.78%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 2225 | 2320266 |
| 6.04%, 06/15/35, (1-day SOFR + 2.26%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1875 | 2012081 |
| 6.21%, 01/18/29, (1-day SOFR + <br> 2.70%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2310 | 2397926 |
| 6.84%, 09/13/34, (1-day SOFR + 2.77%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1305 | 1464981 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.45%, 04/07/27<sup>(a)</sup> | &nbsp;&nbsp; 1630 | 1625170 |
| 3.60%, 04/07/32 | &nbsp;&nbsp; 2195 | 2115350 |
| 4.24%, 09/08/28, (1-day SOFR Index + <br> 0.60%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 3060 | 3073780 |
| 4.28%, 01/29/30, (1-day SOFR Index + <br> 0.79%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 1675 | 1686254 |
| 4.58%, 09/08/31, (1-day SOFR Index + <br> 1.17%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1440 | 1461308 |
| 4.63%, 09/11/30, (1-day SOFR + 1.34%)<sup>(d)</sup> | &nbsp;&nbsp; 1240 | 1262259 |
| 4.86%, 03/30/29, (1-day SOFR + 1.03%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2440 | 2484061 |
| 5.00%, 04/28/28 | &nbsp;&nbsp; 1740 | 1779931 |
| 5.24%, 06/28/27 | &nbsp;&nbsp; 2065 | 2102877 |
| 5.25%, 01/13/31, (1-day SOFR + 1.11%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1750 | 1818485 |
| 5.26%, 04/08/29 | &nbsp;&nbsp; 1800 | 1868160 |
| 5.99%, 10/03/28 | &nbsp;&nbsp; 710 | 745088 |
| 6.09%, 10/03/33 | &nbsp;&nbsp; 1730 | 1898700 |
| 6.95%, 01/28/85, (5-year CMT + 2.83%)<sup>(d)</sup> | &nbsp;&nbsp; 930 | 961693 |
| 7.00%, 10/28/85, (5-year CMT + 3.00%)<sup>(d)</sup> | &nbsp;&nbsp; 900 | 933096 |
| Capital One NA |  |  |
| 2.70%, 02/06/30 | &nbsp;&nbsp; 875 | 831507 |
| 4.65%, 09/13/28<sup>(a)</sup> | &nbsp;&nbsp; 1535 | 1559260 |
| CIMB Bank Bhd, 2.13%, 07/20/27<sup>(b)</sup> | &nbsp;&nbsp; 790 | 771698 |
| Citibank N.A. |  |  |
| 4.58%, 05/29/27 | &nbsp;&nbsp; 4085 | 4120911 |
| 4.84%, 08/06/29 | &nbsp;&nbsp; 2900 | 2978808 |
| 4.91%, 05/29/30 | &nbsp;&nbsp; 4115 | 4250796 |
| 5.57%, 04/30/34 | &nbsp;&nbsp; 3690 | 3923708 |
| 5.80%, 09/29/28 | &nbsp;&nbsp; 4550 | 4765309 |
| Citigroup, Inc. |  |  |
| 2.52%, 11/03/32, (1-day SOFR + 1.18%)<sup>(d)</sup> | &nbsp;&nbsp; 3688 | 3336225 |
| 2.56%, 05/01/32, (1-day SOFR + 1.17%)<sup>(d)</sup> | &nbsp;&nbsp; 6050 | 5537796 |
| 2.57%, 06/03/31, (1-day SOFR + 2.11%)<sup>(d)</sup> | &nbsp;&nbsp; 7225 | 6753351 |
| 2.67%, 01/29/31, (1-day SOFR + 1.15%)<sup>(d)</sup> | &nbsp;&nbsp; 4764 | 4494792 |
| 2.90%, 11/03/42, (1-day SOFR + 1.38%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2450 | 1826573 |
| 2.98%, 11/05/30, (1-day SOFR + 1.42%)<sup>(d)</sup> | &nbsp;&nbsp; 4407 | 4223303 |
| 3.06%, 01/25/33, (1-day SOFR + 1.35%)<sup>(d)</sup> | &nbsp;&nbsp; 6046 | 5590760 |
| 3.52%, 10/27/28, (3-mo. CME Term SOFR + <br> 1.41%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5773 | 5729005 |
| 3.67%, 07/24/28, (3-mo. CME Term SOFR + <br> 1.65%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4952 | 4928542 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.79%, 03/17/33, (1-day SOFR + 1.94%)<sup>(d)</sup> | &nbsp;&nbsp; $4922 | $4736308 |
| 3.88%, 01/24/39, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1021 | 912249 |
| 3.98%, 03/20/30, (3-mo. CME Term SOFR + <br> 1.60%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5625 | 5605888 |
| 4.08%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 3503 | 3508195 |
| 4.13%, 07/25/28 | &nbsp;&nbsp; 4645 | 4650970 |
| 4.28%, 04/24/48, (3-mo. CME Term SOFR + <br> 2.10%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2152 | 1844554 |
| 4.41%, 03/31/31, (1-day SOFR + 3.91%)<sup>(d)</sup> | &nbsp;&nbsp; 6994 | 7030456 |
| 4.45%, 09/29/27 | &nbsp;&nbsp; 6645 | 6685121 |
| 4.50%, 09/11/31, (1-day SOFR + 1.17%)<sup>(d)</sup> | &nbsp;&nbsp; 4365 | 4398321 |
| 4.54%, 09/19/30, (1-day SOFR + 1.34%)<sup>(d)</sup> | &nbsp;&nbsp; 6210 | 6283278 |
| 4.64%, 05/07/28, (1-day SOFR + 1.14%)<sup>(d)</sup> | &nbsp;&nbsp; 4310 | 4339990 |
| 4.65%, 07/30/45 | &nbsp;&nbsp; 2074 | 1893662 |
| 4.65%, 07/23/48 | &nbsp;&nbsp; 4703 | 4198516 |
| 4.66%, 05/24/28, (1-day SOFR + 1.89%)<sup>(d)</sup> | &nbsp;&nbsp; 2845 | 2865859 |
| 4.75%, 05/18/46 | &nbsp;&nbsp; 3891 | 3466771 |
| 4.79%, 03/04/29, (1-day SOFR + 0.87%)<sup>(d)</sup> | &nbsp;&nbsp; 4105 | 4166703 |
| 4.91%, 05/24/33, (1-day SOFR + 2.09%)<sup>(d)</sup> | &nbsp;&nbsp; 3942 | 4023166 |
| 4.95%, 05/07/31, (1-day SOFR + 1.46%)<sup>(d)</sup> | &nbsp;&nbsp; 3970 | 4071551 |
| 5.17%, 02/13/30, (1-day SOFR + 1.36%)<sup>(d)</sup> | &nbsp;&nbsp; 6100 | 6285329 |
| 5.17%, 09/11/36, (1-day SOFR + 1.49%)<sup>(d)</sup> | &nbsp;&nbsp; 2815 | 2864141 |
| 5.30%, 05/06/44 | &nbsp;&nbsp; 1598 | 1551409 |
| 5.32%, 03/26/41, (1-day SOFR + 4.55%)<sup>(d)</sup> | &nbsp;&nbsp; 2361 | 2369316 |
| 5.33%, 03/27/36, (1-day SOFR + 1.47%)<sup>(d)</sup> | &nbsp;&nbsp; 5910 | 6092132 |
| 5.41%, 09/19/39, (5-year CMT + 1.73%)<sup>(d)</sup> | &nbsp;&nbsp; 2315 | 2331601 |
| 5.45%, 06/11/35, (1-day SOFR + 1.45%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 6195 | 6461092 |
| 5.59%, 11/19/34, (5-year CMT + 1.28%)<sup>(d)</sup> | &nbsp;&nbsp; 2035 | 2099613 |
| 5.61%, 03/04/56, (1-day SOFR + 1.75%)<sup>(d)</sup> | &nbsp;&nbsp; 3595 | 3611830 |
| 5.83%, 02/13/35, (1-day SOFR + 2.06%)<sup>(d)</sup> | &nbsp;&nbsp; 5415 | 5634108 |
| 5.88%, 02/22/33 | &nbsp;&nbsp; 1658 | 1784179 |
| 5.88%, 01/30/42 | &nbsp;&nbsp; 1874 | 1983258 |
| 6.00%, 10/31/33 | &nbsp;&nbsp; 1167 | 1257290 |
| 6.02%, 01/24/36, (1-day SOFR + 1.83%)<sup>(d)</sup> | &nbsp;&nbsp; 6685 | 7015558 |
| 6.13%, 08/25/36 | &nbsp;&nbsp; 1192 | 1277480 |
| 6.17%, 05/25/34, (1-day SOFR + 2.66%)<sup>(d)</sup> | &nbsp;&nbsp; 6300 | 6725459 |
| 6.27%, 11/17/33, (1-day SOFR + 2.34%)<sup>(d)</sup> | &nbsp;&nbsp; 5009 | 5496586 |
| 6.63%, 01/15/28 | &nbsp;&nbsp; 1103 | 1158154 |
| 6.63%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2257 | 2514281 |
| 6.68%, 09/13/43 | &nbsp;&nbsp; 2162 | 2442880 |
| 6.88%, 03/05/38<sup>(a)</sup> | &nbsp;&nbsp; 530 | 616463 |
| 6.88%, 02/15/98<sup>(a)</sup> | &nbsp;&nbsp; 651 | 773988 |
| 8.13%, 07/15/39 | &nbsp;&nbsp; 3565 | 4581981 |
| Citizens Bank NA, 4.58%, 08/09/28, (1-day <br> SOFR + 2.00%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 1450 | 1462049 |
| Citizens Bank NA/Providence RI, 4.19%, <br> 01/29/29, (1-day SOFR + 0.70%)<sup>(d)</sup><br>| &nbsp;&nbsp; 510 | 510677 |
| Citizens Financial Group, Inc. |  |  |
| 2.50%, 02/06/30 | &nbsp;&nbsp; 400 | 375437 |
| 2.64%, 09/30/32 | &nbsp;&nbsp; 1143 | 1005105 |
| 3.25%, 04/30/30 | &nbsp;&nbsp; 1960 | 1885093 |
| 5.25%, 03/05/31, (1-day SOFR + 1.26%)<sup>(d)</sup> | &nbsp;&nbsp; 1195 | 1232717 |
| 5.30%, 01/29/36, (5-year CMT + 1.45%)<sup>(d)</sup> | &nbsp;&nbsp; 330 | 334540 |
| 5.64%, 05/21/37, (5-year CMT + 2.75%)<sup>(d)</sup> | &nbsp;&nbsp; 710 | 729620 |
| 5.72%, 07/23/32, (1-day SOFR + 1.91%)<sup>(d)</sup> | &nbsp;&nbsp; 2590 | 2728409 |
| 5.84%, 01/23/30, (1-day SOFR + 2.01%)<sup>(d)</sup> | &nbsp;&nbsp; 2310 | 2415425 |
| 6.65%, 04/25/35, (1-day SOFR + 2.33%)<sup>(d)</sup> | &nbsp;&nbsp; 1305 | 1444397 |
| Commonwealth Bank of Australia |  |  |
| 1.88%, 09/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1204 | 1081242 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.55%, 03/14/27<sup>(a)(b)</sup> | &nbsp;&nbsp; $1591 | $1573990 |
| 2.69%, 03/11/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2815 | 2603162 |
| 3.15%, 09/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1057 | 1050022 |
| 3.31%, 03/11/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 1682 | 1342082 |
| 3.61%, 09/12/34, (5-year CMT + 2.05%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2276 | 2218114 |
| 3.74%, 09/12/39<sup>(b)</sup> | &nbsp;&nbsp; 2966 | 2543997 |
| 3.78%, 03/14/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1455 | 1405064 |
| 3.90%, 03/16/28<sup>(b)</sup> | &nbsp;&nbsp; 1747 | 1753838 |
| 3.90%, 07/12/47<sup>(b)</sup> | &nbsp;&nbsp; 2773 | 2307705 |
| 4.15%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 960 | 971096 |
| 4.32%, 01/10/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 1826 | 1544267 |
| 4.61%, 03/14/30<sup>(b)</sup> | &nbsp;&nbsp; 1150 | 1181876 |
| 5.84%, 03/13/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 2000 | 2129502 |
| 5.93%, 03/14/46, (1-year CMT + <br> 1.32%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2195 | 2293694 |
| Commonwealth Bank of Australia/New York, <br> 4.42%, 03/14/28<br>| &nbsp;&nbsp; 1350 | 1370279 |
| Cooperatieve Rabobank UA |  |  |
| 3.65%, 04/06/28, (1-year CMT + 1.22%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2561 | 2553375 |
| 3.76%, 04/06/33, (1-year CMT + 1.42%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3345 | 3213794 |
| 4.66%, 08/22/28, (1-year CMT + 1.75%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 5100 | 5149287 |
| 4.99%, 05/27/31, (1-year CMT + 0.92%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1290 | 1329189 |
| 5.25%, 05/24/41 | &nbsp;&nbsp; 3212 | 3252031 |
| 5.25%, 08/04/45 | &nbsp;&nbsp; 2102 | 2006269 |
| 5.45%, 03/05/30, (1-year CMT + <br> 1.12%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1155 | 1198442 |
| 5.56%, 02/28/29, (1-year CMT + 1.40%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1900 | 1956494 |
| 5.71%, 01/21/33, (1-year CMT + 1.00%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1920 | 2042121 |
| 5.75%, 12/01/43 | &nbsp;&nbsp; 2175 | 2216499 |
| 5.80%, 09/30/2110<sup>(b)</sup> | &nbsp;&nbsp; 110 | 113308 |
| Cooperatieve Rabobank UA/NY |  |  |
| 3.74%, 01/14/28 | &nbsp;&nbsp; 750 | 751149 |
| 3.96%, 10/17/28<sup>(a)</sup> | &nbsp;&nbsp; 1040 | 1047155 |
| 4.16%, 01/14/31<sup>(a)</sup> | &nbsp;&nbsp; 775 | 780649 |
| 4.37%, 05/27/27 | &nbsp;&nbsp; 1010 | 1018632 |
| 4.49%, 10/17/29 | &nbsp;&nbsp; 1300 | 1330299 |
| 4.80%, 01/09/29 | &nbsp;&nbsp; 780 | 801383 |
| 4.88%, 01/21/28<sup>(a)</sup> | &nbsp;&nbsp; 1235 | 1263801 |
| 5.04%, 03/05/27 | &nbsp;&nbsp; 1250 | 1267003 |
| Credit Agricole SA |  |  |
| 2.81%, 01/11/41<sup>(b)</sup> | &nbsp;&nbsp; 2582 | 1892320 |
| 3.25%, 01/14/30<sup>(b)</sup> | &nbsp;&nbsp; 2619 | 2517874 |
| 4.00%, 01/10/33, (5-year USD Swap + <br> 1.64%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 2350 | 2333523 |
| 4.63%, 09/11/28, (1-day SOFR + 1.21%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2740 | 2763392 |
| 4.66%, 01/12/32, (1-day SOFR + 1.17%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1345 | 1353953 |
| 4.82%, 09/25/33, (1-day SOFR + 1.36%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1945 | 1959676 |
| 5.13%, 03/11/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1480 | 1500180 |
| 5.22%, 05/27/31, (1-day SOFR + 1.46%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1405 | 1452768 |
| 5.23%, 01/09/29, (1-day SOFR + 1.13%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2155 | 2200098 |
| 5.26%, 01/12/37, (1-day SOFR + <br> 1.43%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1220 | 1232491 |
| 5.30%, 07/12/28<sup>(b)</sup> | &nbsp;&nbsp; 1975 | 2034941 |
| 5.34%, 01/10/30, (1-day SOFR + 1.69%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1590 | 1640971 |
| 5.37%, 03/11/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1695 | 1782405 |
| 5.51%, 07/05/33<sup>(b)</sup> | &nbsp;&nbsp; 1390 | 1471711 |
| 5.86%, 01/09/36, (1-day SOFR + <br> 1.74%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 3000 | 3188641 |
| 6.25%, 01/10/35, (1-day SOFR + 2.67%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2880 | 3062748 |
| 6.32%, 10/03/29, (1-day SOFR + 1.86%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3130 | 3294444 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Danske Bank A/S |  |  |
| 4.30%, 04/01/28, (1-year CMT + 1.75%)<sup>(b)(d)</sup> | &nbsp;&nbsp; $2215 | $2223189 |
| 4.38%, 06/12/28<sup>(b)</sup> | &nbsp;&nbsp; 829 | 836781 |
| 4.42%, 09/12/31, (1-year CMT + 0.85%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 610 | 612753 |
| 4.61%, 10/02/30, (1-year CMT + 1.10%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1065 | 1078957 |
| 5.02%, 03/04/31, (1-year CMT + 0.93%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1465 | 1506106 |
| 5.43%, 03/01/28, (1-year CMT + 0.95%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1530 | 1552600 |
| 5.71%, 03/01/30, (1-year CMT + 1.40%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2215 | 2311679 |
| DBS Group Holdings Ltd. |  |  |
| 1.19%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp; 250 | 243656 |
| 4.40%, 03/21/28<sup>(b)</sup> | &nbsp;&nbsp; 55 | 55809 |
| Deutsche Bank AG/New York NY |  |  |
| 3.04%, 05/28/32, (1-day SOFR + 1.72%)<sup>(d)</sup> | &nbsp;&nbsp; 2203 | 2042068 |
| 3.55%, 09/18/31, (1-day SOFR + 3.04%)<sup>(d)</sup> | &nbsp;&nbsp; 3777 | 3627935 |
| 3.73%, 01/14/32, (1-day SOFR + 2.76%)<sup>(d)</sup> | &nbsp;&nbsp; 1355 | 1289165 |
| 3.74%, 01/07/33, (1-day SOFR + 2.26%)<sup>(d)</sup> | &nbsp;&nbsp; 2070 | 1941738 |
| 4.47%, 12/10/31, (1-day SOFR + 1.10%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 740 | 744243 |
| 4.73%, 02/06/32, (1-day SOFR + 1.14%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 835 | 842135 |
| 4.88%, 12/01/32, (5-year USD ICE Swap + <br> 2.55%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2255 | 2262928 |
| 4.95%, 08/04/31, (1-day SOFR + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 1545 | 1573536 |
| 5.00%, 09/11/30, (1-day SOFR + 1.70%)<sup>(d)</sup> | &nbsp;&nbsp; 2405 | 2457084 |
| 5.30%, 05/09/31, (1-day SOFR + 1.72%)<sup>(d)</sup> | &nbsp;&nbsp; 1915 | 1977531 |
| 5.37%, 09/09/27 | &nbsp;&nbsp; 995 | 1020693 |
| 5.37%, 01/10/29, (1-day SOFR + 1.21%)<sup>(d)</sup> | &nbsp;&nbsp; 2715 | 2774712 |
| 5.40%, 09/11/35, (1-day SOFR + 2.05%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2210 | 2265990 |
| 5.41%, 05/10/29 | &nbsp;&nbsp; 2045 | 2132262 |
| 5.88%, 07/08/31, (1-day SOFR + 5.44%)<sup>(d)</sup> | &nbsp;&nbsp; 1350 | 1407307 |
| 6.72%, 01/18/29, (1-day SOFR + 3.18%)<sup>(d)</sup> | &nbsp;&nbsp; 3270 | 3419968 |
| 6.82%, 11/20/29, (1-day SOFR + 2.51%)<sup>(d)</sup> | &nbsp;&nbsp; 2005 | 2135334 |
| 7.08%, 02/10/34, (1-day SOFR + 3.65%)<sup>(d)</sup> | &nbsp;&nbsp; 2645 | 2909345 |
| DNB Bank ASA |  |  |
| 1.61%, 03/30/28, (1-year CMT + 0.68%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1050 | 1024507 |
| 4.38%, 11/04/31, (1-day SOFR + <br> 1.05%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1235 | 1240912 |
| 4.85%, 11/05/30, (1-day SOFR + 1.05%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1710 | 1756682 |
| Federation des Caisses Desjardins du Quebec |  |  |
| 4.55%, 08/23/27<sup>(b)</sup> | &nbsp;&nbsp; 306 | 309518 |
| 4.57%, 08/26/30<sup>(b)</sup> | &nbsp;&nbsp; 435 | 440779 |
| 5.25%, 04/26/29<sup>(b)</sup> | &nbsp;&nbsp; 1395 | 1446695 |
| 5.70%, 03/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1485 | 1536760 |
| Fifth Third Bancorp |  |  |
| 2.55%, 05/05/27 | &nbsp;&nbsp; 1237 | 1218112 |
| 3.95%, 03/14/28 | &nbsp;&nbsp; 1483 | 1483551 |
| 4.06%, 04/25/28, (1-day SOFR + 1.36%)<sup>(d)</sup> | &nbsp;&nbsp; 1830 | 1829779 |
| 4.34%, 04/25/33, (1-day SOFR + 1.66%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1315 | 1299299 |
| 4.57%, 04/29/32, (1-day SOFR + 0.95%)<sup>(d)</sup> | &nbsp;&nbsp; 845 | 850007 |
| 4.77%, 07/28/30, (1-day SOFR + 2.13%)<sup>(d)</sup> | &nbsp;&nbsp; 2261 | 2298883 |
| 4.90%, 09/06/30, (1-day SOFR + 1.49%)<sup>(d)</sup> | &nbsp;&nbsp; 740 | 755465 |
| 5.14%, 01/29/37, (1-day SOFR + 1.24%)<sup>(d)</sup> | &nbsp;&nbsp; 530 | 531633 |
| 5.63%, 01/29/32, (1-day SOFR + 1.84%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1555 | 1640264 |
| 6.34%, 07/27/29, (1-day SOFR + 2.34%)<sup>(d)</sup> | &nbsp;&nbsp; 2285 | 2402786 |
| 6.36%, 10/27/28, (1-day SOFR Index + <br> 2.19%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4419 | 4585606 |
| 8.25%, 03/01/38<sup>(a)</sup> | &nbsp;&nbsp; 1525 | 1888206 |
| Fifth Third Bank N.A., 5.33%, 08/25/33, (1-day <br> SOFR + 2.61%)<sup>(d)</sup><br>| &nbsp;&nbsp; 540 | 555761 |
| Fifth Third Financial Corp. |  |  |
| 4.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 944 | 941866 |
| 5.98%, 01/30/30, (1-day SOFR + 2.16%)<sup>(d)</sup> | &nbsp;&nbsp; 1605 | 1682385 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| First Citizens BancShares Inc/NC, 4.87%, <br> 03/03/32, (1-day SOFR + 1.49%)<sup>(d)</sup><br>| &nbsp;&nbsp; $675 | $673121 |
| First Citizens BancShares, Inc. |  |  |
| 5.23%, 03/12/31, (1-day SOFR + 1.41%)<sup>(d)</sup> | &nbsp;&nbsp; 920 | 936894 |
| 5.60%, 09/05/35, (5-year CMT + 1.85%)<sup>(d)</sup> | &nbsp;&nbsp; 790 | 793331 |
| 6.25%, 03/12/40, (5-year CMT + 1.97%)<sup>(d)</sup> | &nbsp;&nbsp; 750 | 763772 |
| First Horizon Bank, 5.75%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 645 | 668946 |
| First-Citizens Bank & Trust Co., 6.13%, <br> 03/09/28<br>| &nbsp;&nbsp; 925 | 957613 |
| FNB Corp., 5.72%, 12/11/30, (1-day SOFR <br> Index + 1.93%)<sup>(d)</sup><br>| &nbsp;&nbsp; 470 | 483336 |
| Goldman Sachs Capital I, 6.35%, 02/15/34 | &nbsp;&nbsp; 1490 | 1602065 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 1.99%, 01/27/32, (1-day SOFR + 1.09%)<sup>(d)</sup> | &nbsp;&nbsp; 6076 | 5436634 |
| 2.38%, 07/21/32, (1-day SOFR + 1.25%)<sup>(d)</sup> | &nbsp;&nbsp; 8356 | 7536725 |
| 2.60%, 02/07/30 | &nbsp;&nbsp; 3968 | 3752606 |
| 2.62%, 04/22/32, (1-day SOFR + 1.28%)<sup>(d)</sup> | &nbsp;&nbsp; 6743 | 6192704 |
| 2.65%, 10/21/32, (1-day SOFR + 1.26%)<sup>(d)</sup> | &nbsp;&nbsp; 5452 | 4965016 |
| 2.91%, 07/21/42, (1-day SOFR + 1.47%)<sup>(d)</sup> | &nbsp;&nbsp; 4029 | 2976984 |
| 3.10%, 02/24/33, (1-day SOFR + 1.41%)<sup>(d)</sup> | &nbsp;&nbsp; 6850 | 6355810 |
| 3.21%, 04/22/42, (1-day SOFR + 1.51%)<sup>(d)</sup> | &nbsp;&nbsp; 4526 | 3493602 |
| 3.44%, 02/24/43, (1-day SOFR + 1.63%)<sup>(d)</sup> | &nbsp;&nbsp; 3721 | 2920871 |
| 3.62%, 03/15/28, (1-day SOFR + 1.85%)<sup>(d)</sup> | &nbsp;&nbsp; 5535 | 5509631 |
| 3.69%, 06/05/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5403 | 5377642 |
| 3.80%, 03/15/30 | &nbsp;&nbsp; 5995 | 5936891 |
| 3.81%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5371 | 5339921 |
| 4.02%, 10/31/38, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4364 | 3943023 |
| 4.15%, 01/21/29, (1-day SOFR + 0.71%)<sup>(d)</sup> | &nbsp;&nbsp; 11900 | 11904929 |
| 4.15%, 10/21/29, (1-day SOFR + 0.90%)<sup>(d)</sup> | &nbsp;&nbsp; 4595 | 4596440 |
| 4.22%, 05/01/29, (3-mo. CME Term SOFR + <br> 1.56%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5956 | 5973614 |
| 4.37%, 10/21/31, (1-day SOFR + 1.06%)<sup>(d)</sup> | &nbsp;&nbsp; 5885 | 5888801 |
| 4.41%, 04/23/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2615 | 2434918 |
| 4.48%, 08/23/28, (1-day SOFR + 1.73%)<sup>(d)</sup> | &nbsp;&nbsp; 6755 | 6801051 |
| 4.52%, 01/21/32, (1-day SOFR + 0.96%)<sup>(d)</sup> | &nbsp;&nbsp; 11070 | 11138356 |
| 4.69%, 10/23/30, (1-day SOFR + 1.14%)<sup>(d)</sup> | &nbsp;&nbsp; 3720 | 3780562 |
| 4.75%, 10/21/45 | &nbsp;&nbsp; 3182 | 2884370 |
| 4.80%, 07/08/44 | &nbsp;&nbsp; 3503 | 3236915 |
| 4.94%, 04/23/28, (1-day SOFR + 1.32%)<sup>(d)</sup> | &nbsp;&nbsp; 4350 | 4391081 |
| 4.94%, 10/21/36, (1-day SOFR + 1.33%)<sup>(d)</sup> | &nbsp;&nbsp; 5185 | 5166559 |
| 5.02%, 10/23/35, (1-day SOFR + 1.42%)<sup>(d)</sup> | &nbsp;&nbsp; 5540 | 5597428 |
| 5.05%, 07/23/30, (1-day SOFR + 1.21%)<sup>(d)</sup> | &nbsp;&nbsp; 6090 | 6247646 |
| 5.07%, 01/21/37, (1-day SOFR + 1.19%)<sup>(d)</sup> | &nbsp;&nbsp; 7215 | 7265747 |
| 5.15%, 05/22/45 | &nbsp;&nbsp; 4685 | 4423288 |
| 5.21%, 01/28/31, (1-day SOFR + 1.08%)<sup>(d)</sup> | &nbsp;&nbsp; 3575 | 3704469 |
| 5.22%, 04/23/31, (1-day SOFR + 1.58%)<sup>(d)</sup> | &nbsp;&nbsp; 5545 | 5740232 |
| 5.33%, 07/23/35, (1-day SOFR + 1.55%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 5425 | 5599882 |
| 5.39%, 02/02/41, (5-year CMT + 1.18%)<sup>(d)</sup> | &nbsp;&nbsp; 3525 | 3498425 |
| 5.54%, 01/28/36, (1-day SOFR + 1.38%)<sup>(d)</sup> | &nbsp;&nbsp; 5550 | 5804593 |
| 5.54%, 01/21/47, (1-day SOFR + 1.32%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 10525 | 10475663 |
| 5.56%, 11/19/45, (1-day SOFR + 1.58%)<sup>(d)</sup> | &nbsp;&nbsp; 6315 | 6334073 |
| 5.73%, 04/25/30, (1-day SOFR + 1.27%)<sup>(d)</sup> | &nbsp;&nbsp; 4433 | 4631555 |
| 5.73%, 01/28/56, (1-day SOFR + 1.70%)<sup>(d)</sup> | &nbsp;&nbsp; 5245 | 5310041 |
| 5.85%, 04/25/35, (1-day SOFR + 1.55%)<sup>(d)</sup> | &nbsp;&nbsp; 4885 | 5208527 |
| 6.13%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2720 | 2983221 |
| 6.25%, 02/01/41 | &nbsp;&nbsp; 4662 | 5098831 |
| 6.45%, 05/01/36 | &nbsp;&nbsp; 1488 | 1637337 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.48%, 10/24/29, (1-day SOFR + 1.77%)<sup>(d)</sup> | &nbsp;&nbsp; $4775 | $5054875 |
| 6.56%, 10/24/34, (1-day SOFR + 1.95%)<sup>(d)</sup> | &nbsp;&nbsp; 2685 | 2994587 |
| 6.75%, 10/01/37 | &nbsp;&nbsp; 10135 | 11384531 |
| HBOS PLC, 6.00%, 11/01/33<sup>(b)</sup> | &nbsp;&nbsp; 541 | 574315 |
| HSBC Bank USA N.A |  |  |
| 5.63%, 08/15/35 | &nbsp;&nbsp; 855 | 897283 |
| 5.88%, 11/01/34 | &nbsp;&nbsp; 625 | 669462 |
| 7.00%, 01/15/39<sup>(a)</sup> | &nbsp;&nbsp; 1130 | 1326717 |
| HSBC Holdings PLC |  |  |
| 2.01%, 09/22/28, (1-day SOFR + 1.73%)<sup>(d)</sup> | &nbsp;&nbsp; 5145 | 4990907 |
| 2.21%, 08/17/29, (1-day SOFR + 1.29%)<sup>(d)</sup> | &nbsp;&nbsp; 5140 | 4914766 |
| 2.36%, 08/18/31, (1-day SOFR + 1.95%)<sup>(d)</sup> | &nbsp;&nbsp; 2710 | 2494380 |
| 2.80%, 05/24/32, (1-day SOFR + 1.19%)<sup>(d)</sup> | &nbsp;&nbsp; 5397 | 4984836 |
| 2.85%, 06/04/31, (1-day SOFR + 2.39%)<sup>(d)</sup> | &nbsp;&nbsp; 3777 | 3566653 |
| 2.87%, 11/22/32, (1-day SOFR + 1.41%)<sup>(d)</sup> | &nbsp;&nbsp; 5010 | 4609063 |
| 3.97%, 05/22/30, (3-mo. CME Term SOFR + <br> 1.87%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 5237 | 5208691 |
| 4.04%, 03/13/28, (3-mo. CME Term SOFR + <br> 1.81%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4788 | 4790425 |
| 4.58%, 06/19/29, (3-mo. CME Term SOFR + <br> 1.80%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5461 | 5517268 |
| 4.62%, 11/06/31, (1-day SOFR + 1.19%)<sup>(d)</sup> | &nbsp;&nbsp; 3185 | 3221492 |
| 4.76%, 06/09/28, (1-day SOFR + 2.11%)<sup>(d)</sup> | &nbsp;&nbsp; 4160 | 4194739 |
| 4.76%, 03/29/33, (1-day SOFR + 2.53%)<sup>(d)</sup> | &nbsp;&nbsp; 4730 | 4736774 |
| 4.90%, 03/03/29, (1-day SOFR + 1.03%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2690 | 2733894 |
| 4.95%, 03/31/30 | &nbsp;&nbsp; 5417 | 5583755 |
| 5.13%, 11/19/28, (1-day SOFR + 1.04%)<sup>(d)</sup> | &nbsp;&nbsp; 3975 | 4047124 |
| 5.13%, 03/03/31, (1-day SOFR + 1.29%)<sup>(d)</sup> | &nbsp;&nbsp; 3565 | 3678461 |
| 5.13%, 11/06/36, (1-day SOFR + 1.43%)<sup>(d)</sup> | &nbsp;&nbsp; 2780 | 2808009 |
| 5.21%, 08/11/28, (1-day SOFR + 2.61%)<sup>(d)</sup> | &nbsp;&nbsp; 4115 | 4179753 |
| 5.24%, 05/13/31, (1-day SOFR + 1.57%)<sup>(d)</sup> | &nbsp;&nbsp; 3260 | 3377248 |
| 5.25%, 03/14/44<sup>(a)</sup> | &nbsp;&nbsp; 2415 | 2372518 |
| 5.29%, 11/19/30, (1-day SOFR + 1.29%)<sup>(d)</sup> | &nbsp;&nbsp; 3845 | 3985848 |
| 5.40%, 08/11/33, (1-day SOFR + 2.87%)<sup>(d)</sup> | &nbsp;&nbsp; 4175 | 4359014 |
| 5.45%, 03/03/36, (1-day SOFR + 1.56%)<sup>(d)</sup> | &nbsp;&nbsp; 3785 | 3936231 |
| 5.55%, 03/04/30, (1-day SOFR + 1.46%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 3095 | 3219236 |
| 5.60%, 05/17/28, (1-day SOFR + 1.06%)<sup>(d)</sup> | &nbsp;&nbsp; 3405 | 3467278 |
| 5.72%, 03/04/35, (1-day SOFR + 1.78%)<sup>(d)</sup> | &nbsp;&nbsp; 3140 | 3337472 |
| 5.73%, 05/17/32, (1-day SOFR + 1.52%)<sup>(d)</sup> | &nbsp;&nbsp; 4260 | 4516914 |
| 5.74%, 09/10/36, (1-day SOFR + 1.96%)<sup>(d)</sup> | &nbsp;&nbsp; 2115 | 2189478 |
| 5.79%, 05/13/36, (1-day SOFR + 1.88%)<sup>(d)</sup> | &nbsp;&nbsp; 4600 | 4889857 |
| 5.87%, 11/18/35, (1-day SOFR + 1.90%)<sup>(d)</sup> | &nbsp;&nbsp; 3295 | 3459076 |
| 6.10%, 01/14/42<sup>(a)</sup> | &nbsp;&nbsp; 1730 | 1890105 |
| 6.16%, 03/09/29, (1-day SOFR + 1.97%)<sup>(d)</sup> | &nbsp;&nbsp; 4380 | 4554127 |
| 6.25%, 03/09/34, (1-day SOFR + 2.39%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 4575 | 5001636 |
| 6.33%, 03/09/44, (1-day SOFR + 2.65%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 4345 | 4798249 |
| 6.50%, 05/02/36 | &nbsp;&nbsp; 3380 | 3677461 |
| 6.50%, 09/15/37<sup>(a)</sup> | &nbsp;&nbsp; 3573 | 3972700 |
| 6.50%, 09/15/37 | &nbsp;&nbsp; 2045 | 2238299 |
| 6.55%, 06/20/34, (1-day SOFR + 2.98%)<sup>(d)</sup> | &nbsp;&nbsp; 3585 | 3892848 |
| 6.80%, 06/01/38 | &nbsp;&nbsp; 1454 | 1634674 |
| 7.39%, 11/03/28, (1-day SOFR + 3.35%)<sup>(d)</sup> | &nbsp;&nbsp; 7060 | 7438906 |
| 7.40%, 11/13/34, (1-day SOFR + 3.02%)<sup>(d)</sup> | &nbsp;&nbsp; 4200 | 4809751 |
| 8.11%, 11/03/33, (1-day SOFR + 4.25%)<sup>(d)</sup> | &nbsp;&nbsp; 4570 | 5397898 |
| HSBC USA, Inc. |  |  |
| 4.65%, 06/03/28 | &nbsp;&nbsp; 1310 | 1332088 |
| 5.29%, 03/04/27 | &nbsp;&nbsp; 1435 | 1456046 |
| 7.20%, 07/15/97<sup>(a)</sup> | &nbsp;&nbsp; 255 | 311853 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.49%, 08/15/36, (5-year CMT + 1.17%)<sup>(d)</sup> | &nbsp;&nbsp; 1110 | 980542 |
| 2.55%, 02/04/30 | &nbsp;&nbsp; 795 | 748550 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.44%, 08/04/28, (1-day SOFR + 1.97%)<sup>(a)(d)</sup> | &nbsp;&nbsp; $1737 | $1748381 |
| 4.62%, 01/28/32, (1-day SOFR + 0.99%)<sup>(d)</sup> | &nbsp;&nbsp; 1775 | 1791849 |
| 5.02%, 05/17/33, (1-day SOFR + 2.05%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 778 | 794333 |
| 5.27%, 01/15/31, (1-day SOFR + 1.28%)<sup>(d)</sup> | &nbsp;&nbsp; 2670 | 2763972 |
| 5.61%, 01/28/41, (5-year CMT + 1.35%)<sup>(d)</sup> | &nbsp;&nbsp; 760 | 763677 |
| 5.71%, 02/02/35, (1-day SOFR Index + <br> 1.87%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2005 | 2112005 |
| 6.14%, 11/18/39, (5-year CMT + 1.70%)<sup>(d)</sup> | &nbsp;&nbsp; 875 | 918876 |
| 6.21%, 08/21/29, (1-day SOFR + 2.02%)<sup>(d)</sup> | &nbsp;&nbsp; 2120 | 2226494 |
| Huntington National Bank(The) |  |  |
| 4.55%, 05/17/28, (1-day SOFR Index + <br> 1.65%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1250 | 1259055 |
| 4.87%, 04/12/28, (1-day SOFR + 0.72%)<sup>(d)</sup> | &nbsp;&nbsp; 1335 | 1346159 |
| 5.65%, 01/10/30 | &nbsp;&nbsp; 1415 | 1490312 |
| ICICI Bank Ltd./Dubai, 3.80%, 12/14/27<sup>(b)</sup> | &nbsp;&nbsp; 600 | 596914 |
| Independent Bank Corp., 7.25%, 04/01/35, <br> (3-mo. CME Term SOFR + 3.53%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 455 | 473651 |
| Industrial & Commercial Bank of China <br> Ltd./New York, 3.54%, 11/08/27<sup>(a)</sup><br>| &nbsp;&nbsp; 1623 | 1617468 |
| ING Groep NV |  |  |
| 2.73%, 04/01/32, (1-day SOFR + 1.32%)<sup>(d)</sup> | &nbsp;&nbsp; 1557 | 1446243 |
| 3.95%, 03/29/27 | &nbsp;&nbsp; 2574 | 2576400 |
| 4.02%, 03/28/28, (1-day SOFR + 1.83%)<sup>(d)</sup> | &nbsp;&nbsp; 1600 | 1601166 |
| 4.05%, 04/09/29 | &nbsp;&nbsp; 2154 | 2156708 |
| 4.25%, 03/28/33, (1-day SOFR + 2.07%)<sup>(d)</sup> | &nbsp;&nbsp; 1705 | 1688598 |
| 4.55%, 10/02/28 | &nbsp;&nbsp; 1352 | 1370546 |
| 4.86%, 03/25/29, (1-day SOFR + 1.01%)<sup>(d)</sup> | &nbsp;&nbsp; 1780 | 1810935 |
| 5.07%, 03/25/31, (1-day SOFR Index + <br> 1.23%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1770 | 1824814 |
| 5.34%, 03/19/30, (1-day SOFR + 1.44%)<sup>(d)</sup> | &nbsp;&nbsp; 2125 | 2201386 |
| 5.53%, 03/25/36, (1-day SOFR + 1.61%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1935 | 2027067 |
| 5.55%, 03/19/35, (1-day SOFR + 1.77%)<sup>(d)</sup> | &nbsp;&nbsp; 1835 | 1923502 |
| 6.11%, 09/11/34, (1-day SOFR + 2.09%)<sup>(d)</sup> | &nbsp;&nbsp; 2505 | 2728941 |
| Intercorp Peru Ltd., 3.88%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp; 130 | 127079 |
| Intesa Sanpaolo SpA |  |  |
| 3.88%, 07/14/27<sup>(b)</sup> | &nbsp;&nbsp; 632 | 631137 |
| 3.88%, 01/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 575 | 572670 |
| 4.20%, 06/01/32, (1-year CMT + 2.60%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1245 | 1203146 |
| 4.95%, 06/01/42, (1-year CMT + 2.75%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1770 | 1569058 |
| 6.63%, 06/20/33<sup>(b)</sup> | &nbsp;&nbsp; 2500 | 2787632 |
| 7.20%, 11/28/33<sup>(b)</sup> | &nbsp;&nbsp; 2365 | 2735543 |
| 7.78%, 06/20/54, (1-year CMT + 3.90%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2735 | 3336314 |
| 7.80%, 11/28/53<sup>(b)</sup> | &nbsp;&nbsp; 2540 | 3159418 |
| 8.25%, 11/21/33, (1-year CMT + <br> 4.40%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2100 | 2510832 |
| Series NR, 4.00%, 09/23/29<sup>(b)</sup> | &nbsp;&nbsp; 155 | 154109 |
| Series NR, 4.70%, 09/23/49<sup>(b)</sup> | &nbsp;&nbsp; 750 | 644404 |
| JPMorgan Chase & Co. |  |  |
| 1.76%, 11/19/31, (3-mo. CME Term SOFR + <br> 1.11%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3736 | 3346442 |
| 1.95%, 02/04/32, (1-day SOFR + 1.07%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 6423 | 5764823 |
| 2.07%, 06/01/29, (1-day SOFR + 1.02%)<sup>(d)</sup> | &nbsp;&nbsp; 4440 | 4258735 |
| 2.18%, 06/01/28, (1-day SOFR + 1.89%)<sup>(d)</sup> | &nbsp;&nbsp; 3315 | 3242823 |
| 2.52%, 04/22/31, (1-day SOFR + 2.04%)<sup>(d)</sup> | &nbsp;&nbsp; 5425 | 5090482 |
| 2.53%, 11/19/41, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3780 | 2764014 |
| 2.55%, 11/08/32, (1-day SOFR + 1.18%)<sup>(d)</sup> | &nbsp;&nbsp; 4983 | 4538347 |
| 2.58%, 04/22/32, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(d)</sup><br>| &nbsp;&nbsp; 7123 | 6573916 |
| 2.74%, 10/15/30, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(d)</sup><br>| &nbsp;&nbsp; 8293 | 7928894 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.96%, 05/13/31, (3-mo. CME Term SOFR + <br> 2.52%)<sup>(d)</sup><br>| &nbsp;&nbsp; $4923 | $4684574 |
| 2.96%, 01/25/33, (1-day SOFR + 1.26%)<sup>(d)</sup> | &nbsp;&nbsp; 7038 | 6527659 |
| 3.11%, 04/22/41, (3-mo. CME Term SOFR + <br> 2.46%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2552 | 2022359 |
| 3.11%, 04/22/51, (1-day SOFR + 2.44%)<sup>(d)</sup> | &nbsp;&nbsp; 4227 | 2905664 |
| 3.16%, 04/22/42, (3-mo. CME Term SOFR + <br> 1.46%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4793 | 3756578 |
| 3.33%, 04/22/52, (1-day SOFR + 1.58%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 7161 | 5115195 |
| 3.51%, 01/23/29, (3-mo. CME Term SOFR + <br> 1.21%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4624 | 4584584 |
| 3.54%, 05/01/28, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4588 | 4562677 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 1966 | 1956574 |
| 3.70%, 05/06/30, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4847 | 4801009 |
| 3.88%, 07/24/38, (3-mo. CME Term SOFR + <br> 1.62%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4440 | 4021672 |
| 3.90%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.48%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4083 | 3285123 |
| 3.96%, 11/15/48, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5948 | 4853692 |
| 4.01%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.38%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4814 | 4813687 |
| 4.03%, 07/24/48, (3-mo. CME Term SOFR + <br> 1.72%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2698 | 2229184 |
| 4.20%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.52%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5574 | 5598127 |
| 4.25%, 10/01/27 | &nbsp;&nbsp; 2537 | 2555118 |
| 4.26%, 10/22/31, (1-day SOFR + 0.93%)<sup>(d)</sup> | &nbsp;&nbsp; 2750 | 2758218 |
| 4.26%, 02/22/48, (3-mo. CME Term SOFR + <br> 1.84%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3922 | 3371483 |
| 4.32%, 04/26/28, (1-day SOFR + 1.56%)<sup>(d)</sup> | &nbsp;&nbsp; 6175 | 6196050 |
| 4.35%, 01/22/32, (1-day SOFR + 0.84%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 3695 | 3713972 |
| 4.45%, 12/05/29, (3-mo. CME Term SOFR + <br> 1.59%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5346 | 5402867 |
| 4.49%, 03/24/31, (3-mo. CME Term SOFR + <br> 3.79%)<sup>(d)</sup><br>| &nbsp;&nbsp; 6639 | 6730506 |
| 4.51%, 10/22/28, (1-day SOFR + 0.86%)<sup>(d)</sup> | &nbsp;&nbsp; 7395 | 7459998 |
| 4.57%, 06/14/30, (1-day SOFR + 1.75%)<sup>(d)</sup> | &nbsp;&nbsp; 4560 | 4631294 |
| 4.59%, 04/26/33, (1-day SOFR + 1.80%)<sup>(d)</sup> | &nbsp;&nbsp; 4765 | 4814965 |
| 4.60%, 10/22/30, (1-day SOFR + 1.04%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 5965 | 6075266 |
| 4.81%, 10/22/36, (1-day SOFR + 1.19%)<sup>(d)</sup> | &nbsp;&nbsp; 5490 | 5479612 |
| 4.85%, 07/25/28, (1-day SOFR + 1.99%)<sup>(d)</sup> | &nbsp;&nbsp; 8381 | 8478103 |
| 4.85%, 02/01/44 | &nbsp;&nbsp; 2010 | 1928432 |
| 4.90%, 01/22/37, (1-day SOFR + 1.07%)<sup>(d)</sup> | &nbsp;&nbsp; 4565 | 4592348 |
| 4.91%, 07/25/33, (1-day SOFR + 2.08%)<sup>(d)</sup> | &nbsp;&nbsp; 7518 | 7708323 |
| 4.92%, 01/24/29, (1-day SOFR + 0.80%)<sup>(d)</sup> | &nbsp;&nbsp; 4195 | 4271602 |
| 4.95%, 10/22/35, (1-day SOFR + 1.34%)<sup>(d)</sup> | &nbsp;&nbsp; 5150 | 5229976 |
| 4.95%, 06/01/45<sup>(a)</sup> | &nbsp;&nbsp; 3319 | 3152623 |
| 4.98%, 07/22/28, (1-day SOFR + 0.93%)<sup>(d)</sup> | &nbsp;&nbsp; 5936 | 6014843 |
| 5.00%, 07/22/30, (1-day SOFR + 1.13%)<sup>(d)</sup> | &nbsp;&nbsp; 4890 | 5037333 |
| 5.01%, 01/23/30, (1-day SOFR + 1.31%)<sup>(d)</sup> | &nbsp;&nbsp; 5795 | 5953440 |
| 5.10%, 04/22/31, (1-day SOFR + 1.44%)<sup>(d)</sup> | &nbsp;&nbsp; 4845 | 5024592 |
| 5.14%, 01/24/31, (1-day SOFR + 1.01%)<sup>(d)</sup> | &nbsp;&nbsp; 4340 | 4503564 |
| 5.29%, 07/22/35, (1-day SOFR + 1.46%)<sup>(d)</sup> | &nbsp;&nbsp; 6700 | 6957464 |
| 5.30%, 07/24/29, (1-day SOFR + 1.45%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 3820 | 3931892 |
| 5.34%, 01/23/35, (1-day SOFR + 1.62%)<sup>(d)</sup> | &nbsp;&nbsp; 5925 | 6175149 |
| 5.35%, 06/01/34, (1-day SOFR + 1.85%)<sup>(d)</sup> | &nbsp;&nbsp; 7925 | 8293713 |
| 5.40%, 01/06/42 | &nbsp;&nbsp; 2895 | 2964622 |
| 5.50%, 01/24/36, (1-day SOFR + 1.32%)<sup>(d)</sup> | &nbsp;&nbsp; 4630 | 4870056 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.50%, 10/15/40 | &nbsp;&nbsp; $2630 | $2777467 |
| 5.53%, 11/29/45, (1-day SOFR + 1.55%)<sup>(d)</sup> | &nbsp;&nbsp; 4435 | 4532288 |
| 5.57%, 04/22/28, (1-day SOFR + 0.93%)<sup>(d)</sup> | &nbsp;&nbsp; 4530 | 4611226 |
| 5.57%, 04/22/36, (1-day SOFR + 1.68%)<sup>(d)</sup> | &nbsp;&nbsp; 6155 | 6508653 |
| 5.58%, 04/22/30, (1-day SOFR + 1.16%)<sup>(d)</sup> | &nbsp;&nbsp; 4985 | 5206381 |
| 5.58%, 07/23/36, (1-day SOFR + 1.64%)<sup>(d)</sup> | &nbsp;&nbsp; 3815 | 3967586 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 3441 | 3597593 |
| 5.63%, 08/16/43<sup>(a)</sup> | &nbsp;&nbsp; 2631 | 2719728 |
| 5.72%, 09/14/33, (1-day SOFR + 2.58%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 6300 | 6675277 |
| 5.77%, 04/22/35, (1-day SOFR + 1.49%)<sup>(d)</sup> | &nbsp;&nbsp; 5540 | 5934080 |
| 6.09%, 10/23/29, (1-day SOFR + 1.57%)<sup>(d)</sup> | &nbsp;&nbsp; 4470 | 4696220 |
| 6.25%, 10/23/34, (1-day SOFR + 1.81%)<sup>(d)</sup> | &nbsp;&nbsp; 4480 | 4926413 |
| 6.40%, 05/15/38 | &nbsp;&nbsp; 4237 | 4816774 |
| 8.00%, 04/29/27<sup>(a)</sup> | &nbsp;&nbsp; 2249 | 2354051 |
| 8.75%, 09/01/30 | &nbsp;&nbsp; 1517 | 1791170 |
| KBC Group NV |  |  |
| 4.45%, 09/23/31, (1-year CMT + 0.85%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1895 | 1909554 |
| 4.93%, 10/16/30, (1-year CMT + 1.07%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1855 | 1902484 |
| 5.80%, 01/19/29, (1-year CMT + 2.10%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1695 | 1750350 |
| 6.32%, 09/21/34, (1-year CMT + 2.05%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1550 | 1707711 |
| KEB Hana Bank |  |  |
| 3.25%, 03/30/27<sup>(b)</sup> | &nbsp;&nbsp; 525 | 521732 |
| 5.38%, 04/23/27<sup>(b)</sup> | &nbsp;&nbsp; 170 | 173000 |
| 5.38%, 04/23/29<sup>(b)</sup> | &nbsp;&nbsp; 335 | 350110 |
| 5.75%, 10/24/28<sup>(b)</sup> | &nbsp;&nbsp; 525 | 550990 |
| KeyBank N.A. |  |  |
| 4.90%, 08/08/32 | &nbsp;&nbsp; 1290 | 1296415 |
| 5.00%, 01/26/33 | &nbsp;&nbsp; 650 | 657691 |
| Keybank National Association |  |  |
| 3.90%, 04/13/29 | &nbsp;&nbsp; 1155 | 1142978 |
| 5.85%, 11/15/27 | &nbsp;&nbsp; 1604 | 1651728 |
| 6.95%, 02/01/28 | &nbsp;&nbsp; 1155 | 1211812 |
| KeyCorp |  |  |
| 2.25%, 04/06/27 | &nbsp;&nbsp; 1138 | 1117217 |
| 2.55%, 10/01/29 | &nbsp;&nbsp; 1715 | 1631056 |
| 4.10%, 04/30/28 | &nbsp;&nbsp; 872 | 874222 |
| 4.79%, 06/01/33, (1-day SOFR Index + <br> 2.06%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1405 | 1412099 |
| 5.12%, 04/04/31, (1-day SOFR Index + <br> 1.23%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 415 | 425732 |
| 5.31%, 01/28/37, (1-day SOFR + 1.37%)<sup>(d)</sup> | &nbsp;&nbsp; 2140 | 2158940 |
| 6.40%, 03/06/35, (1-day SOFR + 2.42%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1760 | 1919368 |
| KKR Group Finance Co. XII LLC, 4.85%, <br> 05/17/32<sup>(b)</sup><br>| &nbsp;&nbsp; 1263 | 1260585 |
| Kookmin Bank |  |  |
| 2.50%, 11/04/30<sup>(b)</sup> | &nbsp;&nbsp; 525 | 484316 |
| 4.38%, 05/08/28<sup>(b)</sup> | &nbsp;&nbsp; 620 | 627797 |
| 4.63%, 04/21/28<sup>(b)</sup> | &nbsp;&nbsp; 494 | 502648 |
| 4.63%, 05/08/30<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30917 |
| 5.25%, 05/08/29<sup>(b)</sup> | &nbsp;&nbsp; 350 | 364750 |
| 5.38%, 05/08/27<sup>(b)</sup> | &nbsp;&nbsp; 380 | 387108 |
| Lloyds Banking Group PLC |  |  |
| 3.37%, 12/14/46, (5-year CMT + 1.50%)<sup>(d)</sup> | &nbsp;&nbsp; 2401 | 1818447 |
| 3.57%, 11/07/28, (3-mo. SOFR US + <br> 1.47%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3645 | 3620833 |
| 3.75%, 03/18/28, (1-year CMT + 1.80%)<sup>(d)</sup> | &nbsp;&nbsp; 1357 | 1353809 |
| 4.24%, 02/10/30, (1-year CMT + 0.60%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1345 | 1351225 |
| 4.34%, 01/09/48<sup>(a)</sup> | &nbsp;&nbsp; 2699 | 2285957 |
| 4.38%, 03/22/28 | &nbsp;&nbsp; 2831 | 2853877 |
| 4.43%, 11/04/31, (1-year CMT + 0.82%)<sup>(d)</sup> | &nbsp;&nbsp; 3260 | 3275762 |
| 4.55%, 08/16/28 | &nbsp;&nbsp; 2085 | 2114054 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.82%, 06/13/29, (1-year CMT + 0.83%)<sup>(d)</sup> | &nbsp;&nbsp; $2100 | $2135542 |
| 4.94%, 11/04/36, (1-year CMT + 0.97%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1755 | 1744993 |
| 4.98%, 08/11/33, (1-year CMT + 2.30%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2200 | 2254917 |
| 5.09%, 11/26/28, (1-year CMT + 0.85%)<sup>(d)</sup> | &nbsp;&nbsp; 2315 | 2357766 |
| 5.30%, 12/01/45<sup>(a)</sup> | &nbsp;&nbsp; 1690 | 1627021 |
| 5.59%, 11/26/35, (1-year CMT + 1.20%)<sup>(d)</sup> | &nbsp;&nbsp; 1870 | 1967196 |
| 5.67%, 02/10/47, (1-year CMT + 0.82%)<sup>(d)</sup> | &nbsp;&nbsp; 1200 | 1212342 |
| 5.68%, 01/05/35, (1-year CMT + 1.75%)<sup>(d)</sup> | &nbsp;&nbsp; 3115 | 3300792 |
| 5.72%, 06/05/30, (1-year CMT + 1.07%)<sup>(d)</sup> | &nbsp;&nbsp; 1940 | 2037040 |
| 5.87%, 03/06/29, (1-year CMT + 1.70%)<sup>(d)</sup> | &nbsp;&nbsp; 2010 | 2083406 |
| 6.07%, 06/13/36, (1-year CMT + 1.60%)<sup>(d)</sup> | &nbsp;&nbsp; 1200 | 1261516 |
| 7.95%, 11/15/33, (1-year CMT + 3.75%)<sup>(d)</sup> | &nbsp;&nbsp; 2065 | 2423396 |
| M&T Bank Corp. |  |  |
| 4.55%, 08/16/28, (1-day SOFR Index + <br> 1.78%)<sup>(d)</sup><br>| &nbsp;&nbsp; 738 | 743407 |
| 4.83%, 01/16/29, (1-day SOFR + 0.93%)<sup>(d)</sup> | &nbsp;&nbsp; 1195 | 1214413 |
| 5.05%, 01/27/34, (1-day SOFR + 1.85%)<sup>(d)</sup> | &nbsp;&nbsp; 1830 | 1859131 |
| 5.18%, 07/08/31, (1-day SOFR + 1.40%)<sup>(d)</sup> | &nbsp;&nbsp; 1220 | 1259934 |
| 5.39%, 01/16/36, (1-day SOFR + 1.61%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1490 | 1532004 |
| 5.40%, 07/30/35, (5-year CMT + 1.43%)<sup>(d)</sup> | &nbsp;&nbsp; 1535 | 1557004 |
| 6.08%, 03/13/32, (1-day SOFR + 2.26%)<sup>(d)</sup> | &nbsp;&nbsp; 1575 | 1685070 |
| 7.41%, 10/30/29, (1-day SOFR + 2.80%)<sup>(d)</sup> | &nbsp;&nbsp; 1245 | 1350445 |
| Macquarie Bank Ltd. |  |  |
| 3.05%, 03/03/36, (5-year CMT + 1.70%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 910 | 839389 |
| 3.62%, 06/03/30<sup>(b)</sup> | &nbsp;&nbsp; 1115 | 1080783 |
| 3.92%, 02/03/28<sup>(b)</sup> | &nbsp;&nbsp; 1070 | 1074197 |
| 4.33%, 06/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 505 | 511199 |
| 5.27%, 07/02/27<sup>(b)</sup> | &nbsp;&nbsp; 1030 | 1051527 |
| 5.64%, 08/13/36, (1-year CMT + <br> 1.45%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 950 | 977201 |
| 6.80%, 01/18/33<sup>(b)</sup> | &nbsp;&nbsp; 1900 | 2103546 |
| Macquarie Group Ltd. |  |  |
| 1.94%, 04/14/28, (1-day SOFR + 1.00%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 990 | 967078 |
| 2.69%, 06/23/32, (1-day SOFR + 1.44%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1980 | 1820998 |
| 2.87%, 01/14/33, (1-day SOFR + <br> 1.53%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2269 | 2076833 |
| 3.76%, 11/28/28, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1481 | 1471641 |
| 4.10%, 06/21/28, (1-day SOFR + <br> 2.13%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1285 | 1285457 |
| 4.44%, 06/21/33, (1-day SOFR + 2.41%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1325 | 1319936 |
| 4.65%, 03/27/29, (3-mo. CME Term SOFR + <br> 1.99%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 760 | 768516 |
| 5.03%, 01/15/30, (3-mo. CME Term SOFR + <br> 2.01%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1608 | 1649196 |
| 5.49%, 11/09/33, (1-day SOFR + <br> 2.87%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1435 | 1513549 |
| 5.89%, 06/15/34, (1-day SOFR + 2.38%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1660 | 1781957 |
| 6.26%, 12/07/34, (1-day SOFR + <br> 2.30%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1655 | 1825011 |
| Manufacturers & Traders Trust Co. |  |  |
| 3.40%, 08/17/27 | &nbsp;&nbsp; 901 | 894725 |
| 4.70%, 01/27/28 | &nbsp;&nbsp; 1955 | 1983958 |
| 4.76%, 07/06/28, (1-day SOFR + 0.95%)<sup>(d)</sup> | &nbsp;&nbsp; 1415 | 1428420 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 2.05%, 07/17/30<sup>(a)</sup> | &nbsp;&nbsp; 2215 | 2034891 |
| 2.31%, 07/20/32, (1-year CMT + 0.95%)<sup>(d)</sup> | &nbsp;&nbsp; 3565 | 3224069 |
| 2.49%, 10/13/32, (1-year CMT + 0.97%)<sup>(d)</sup> | &nbsp;&nbsp; 1401 | 1272113 |
| 2.56%, 02/25/30 | &nbsp;&nbsp; 2014 | 1900847 |
| 2.85%, 01/19/33, (1-year CMT + 1.10%)<sup>(d)</sup> | &nbsp;&nbsp; 2184 | 2009478 |
| 3.20%, 07/18/29 | &nbsp;&nbsp; 3376 | 3289956 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.29%, 07/25/27<sup>(a)</sup> | &nbsp;&nbsp; $646 | $642566 |
| 3.74%, 03/07/29<sup>(a)</sup> | &nbsp;&nbsp; 2531 | 2523916 |
| 3.75%, 07/18/39 | &nbsp;&nbsp; 3623 | 3201754 |
| 3.96%, 03/02/28<sup>(a)</sup> | &nbsp;&nbsp; 2183 | 2188703 |
| 4.05%, 09/11/28 | &nbsp;&nbsp; 1352 | 1359495 |
| 4.08%, 04/19/28, (1-year CMT + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 1630 | 1632877 |
| 4.15%, 03/07/39<sup>(a)</sup> | &nbsp;&nbsp; 1223 | 1151046 |
| 4.29%, 07/26/38<sup>(a)</sup> | &nbsp;&nbsp; 1031 | 989496 |
| 4.32%, 04/19/33, (1-year CMT + 1.55%)<sup>(d)</sup> | &nbsp;&nbsp; 1060 | 1054451 |
| 4.51%, 01/14/32, (1-year CMT + 0.80%)<sup>(d)</sup> | &nbsp;&nbsp; 1530 | 1544767 |
| 4.53%, 09/12/31, (1-year CMT + 0.80%)<sup>(d)</sup> | &nbsp;&nbsp; 1730 | 1750781 |
| 5.02%, 07/20/28, (1-year CMT + 1.95%)<sup>(d)</sup> | &nbsp;&nbsp; 2595 | 2633654 |
| 5.06%, 01/14/37, (1-year CMT + 0.90%)<sup>(d)</sup> | &nbsp;&nbsp; 1685 | 1704708 |
| 5.13%, 07/20/33, (1-year CMT + 2.13%)<sup>(d)</sup> | &nbsp;&nbsp; 2450 | 2542464 |
| 5.16%, 04/24/31, (1-year CMT + 1.17%)<sup>(d)</sup> | &nbsp;&nbsp; 1840 | 1908933 |
| 5.19%, 09/12/36, (1-year CMT + 0.93%)<sup>(d)</sup> | &nbsp;&nbsp; 1655 | 1695187 |
| 5.20%, 01/16/31, (1-year CMT + 0.78%)<sup>(d)</sup> | &nbsp;&nbsp; 1805 | 1872380 |
| 5.24%, 04/19/29, (1-year CMT + 1.70%)<sup>(d)</sup> | &nbsp;&nbsp; 1275 | 1309060 |
| 5.26%, 04/17/30, (1-year CMT + 0.82%)<sup>(d)</sup> | &nbsp;&nbsp; 1695 | 1755158 |
| 5.35%, 09/13/28, (1-year CMT + 1.90%)<sup>(d)</sup> | &nbsp;&nbsp; 2340 | 2389782 |
| 5.41%, 04/19/34, (1-year CMT + 1.97%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1680 | 1770395 |
| 5.42%, 02/22/29, (1-year CMT + 1.38%)<sup>(d)</sup> | &nbsp;&nbsp; 1875 | 1926746 |
| 5.43%, 04/17/35, (1-year CMT + 1.00%)<sup>(d)</sup> | &nbsp;&nbsp; 1745 | 1832057 |
| 5.44%, 02/22/34, (1-year CMT + 1.63%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2290 | 2414621 |
| 5.47%, 09/13/33, (1-year CMT + 2.13%)<sup>(d)</sup> | &nbsp;&nbsp; 1011 | 1068517 |
| 5.48%, 02/22/31, (1-year CMT + 1.53%)<sup>(d)</sup> | &nbsp;&nbsp; 220 | 230627 |
| 5.57%, 01/16/36, (1-year CMT + 0.95%)<sup>(d)</sup> | &nbsp;&nbsp; 1920 | 2027798 |
| 5.62%, 04/24/36, (1-year CMT + 1.27%)<sup>(d)</sup> | &nbsp;&nbsp; 2465 | 2607690 |
| Mizuho Financial Group, Inc. |  |  |
| 1.98%, 09/08/31, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1890 | 1717078 |
| 2.17%, 05/22/32, (1-year CMT + 0.87%)<sup>(d)</sup> | &nbsp;&nbsp; 1218 | 1096368 |
| 2.20%, 07/10/31, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1402 | 1289565 |
| 2.26%, 07/09/32, (1-year CMT + 0.90%)<sup>(d)</sup> | &nbsp;&nbsp; 1061 | 955771 |
| 2.56%, 09/13/31<sup>(a)</sup> | &nbsp;&nbsp; 1915 | 1742322 |
| 2.59%, 05/25/31, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1320 | 1238846 |
| 2.87%, 09/13/30, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1645 | 1577373 |
| 3.15%, 07/16/30, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1414 | 1372547 |
| 3.17%, 09/11/27 | &nbsp;&nbsp; 1575 | 1560610 |
| 3.26%, 05/22/30, (1-year CMT + 1.25%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1760 | 1716993 |
| 3.66%, 02/28/27 | &nbsp;&nbsp; 721 | 719660 |
| 4.02%, 03/05/28 | &nbsp;&nbsp; 1695 | 1702062 |
| 4.25%, 09/11/29, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1640 | 1648489 |
| 4.44%, 05/12/32, (1-year CMT + 0.70%)<sup>(d)</sup> | &nbsp;&nbsp; 1145 | 1151563 |
| 4.71%, 07/08/31, (1-year CMT + 0.92%)<sup>(d)</sup> | &nbsp;&nbsp; 1925 | 1962895 |
| 5.05%, 05/12/37, (1-year CMT + 0.85%)<sup>(d)</sup> | &nbsp;&nbsp; 1105 | 1119102 |
| 5.10%, 05/13/31, (1-year CMT + 0.82%)<sup>(d)</sup> | &nbsp;&nbsp; 1030 | 1067115 |
| 5.32%, 07/08/36, (1-year CMT + 1.07%)<sup>(d)</sup> | &nbsp;&nbsp; 2340 | 2425086 |
| 5.38%, 05/26/30, (1-year CMT + 1.12%)<sup>(d)</sup> | &nbsp;&nbsp; 835 | 866993 |
| 5.38%, 07/10/30, (1-year CMT + 1.08%)<sup>(d)</sup> | &nbsp;&nbsp; 2210 | 2298302 |
| 5.41%, 09/13/28, (1-year CMT + 2.05%)<sup>(d)</sup> | &nbsp;&nbsp; 1735 | 1775231 |
| 5.42%, 05/13/36, (1-year CMT + 0.98%)<sup>(d)</sup> | &nbsp;&nbsp; 1020 | 1067016 |
| 5.58%, 05/26/35, (1-year CMT + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 1845 | 1955361 |
| 5.59%, 07/10/35, (1-year CMT + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 630 | 667881 |
| 5.67%, 05/27/29, (1-year CMT + 1.50%)<sup>(d)</sup> | &nbsp;&nbsp; 1390 | 1440265 |
| 5.67%, 09/13/33, (1-year CMT + 2.40%)<sup>(d)</sup> | &nbsp;&nbsp; 1282 | 1372434 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.74%, 05/27/31, (1-year CMT + 1.65%)<sup>(d)</sup> | &nbsp;&nbsp; $1395 | $1478423 |
| 5.75%, 05/27/34, (1-year CMT + 1.80%)<sup>(d)</sup> | &nbsp;&nbsp; 1570 | 1676309 |
| 5.75%, 07/06/34, (1-year CMT + 1.90%)<sup>(d)</sup> | &nbsp;&nbsp; 1745 | 1864997 |
| 5.78%, 07/06/29, (1-year CMT + 1.65%)<sup>(d)</sup> | &nbsp;&nbsp; 2690 | 2797580 |
| Morgan Stanley |  |  |
| 1.79%, 02/13/32, (1-day SOFR + 1.03%)<sup>(d)</sup> | &nbsp;&nbsp; 7279 | 6444733 |
| 1.93%, 04/28/32, (1-day SOFR + 1.02%)<sup>(d)</sup> | &nbsp;&nbsp; 7084 | 6286847 |
| 2.24%, 07/21/32, (1-day SOFR + 1.18%)<sup>(d)</sup> | &nbsp;&nbsp; 6144 | 5509302 |
| 2.48%, 09/16/36, (1-day SOFR + 1.36%)<sup>(d)</sup> | &nbsp;&nbsp; 6415 | 5679505 |
| 2.51%, 10/20/32, (1-day SOFR + 1.20%)<sup>(d)</sup> | &nbsp;&nbsp; 6535 | 5922545 |
| 2.70%, 01/22/31, (1-day SOFR + 1.14%)<sup>(d)</sup> | &nbsp;&nbsp; 7626 | 7215861 |
| 2.80%, 01/25/52, (1-day SOFR + 1.43%)<sup>(d)</sup> | &nbsp;&nbsp; 3953 | 2535730 |
| 2.94%, 01/21/33, (1-day SOFR + 1.29%)<sup>(d)</sup> | &nbsp;&nbsp; 4590 | 4227747 |
| 3.22%, 04/22/42, (1-day SOFR + 1.49%)<sup>(d)</sup> | &nbsp;&nbsp; 4439 | 3511146 |
| 3.59%, 07/22/28<sup>(d)</sup> | &nbsp;&nbsp; 6027 | 5989789 |
| 3.62%, 04/01/31, (1-day SOFR + 3.12%)<sup>(d)</sup> | &nbsp;&nbsp; 5285 | 5167637 |
| 3.77%, 01/24/29, (3-mo. CME Term SOFR + <br> 1.40%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5267 | 5246230 |
| 3.95%, 04/23/27 | &nbsp;&nbsp; 3055 | 3053744 |
| 3.97%, 07/22/38<sup>(d)</sup> | &nbsp;&nbsp; 3891 | 3539682 |
| 4.21%, 04/20/28, (1-day SOFR + 1.61%)<sup>(d)</sup> | &nbsp;&nbsp; 4533 | 4541684 |
| 4.24%, 01/09/30, (1-day SOFR + 0.80%)<sup>(d)</sup> | &nbsp;&nbsp; 4795 | 4811775 |
| 4.30%, 01/27/45 | &nbsp;&nbsp; 4568 | 3984818 |
| 4.38%, 01/22/47 | &nbsp;&nbsp; 4762 | 4142947 |
| 4.43%, 01/23/30, (3-mo. CME Term SOFR + <br> 1.89%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 6770 | 6833271 |
| 4.46%, 04/22/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1720 | 1627493 |
| 4.49%, 01/16/32, (1-day SOFR + 0.95%)<sup>(d)</sup> | &nbsp;&nbsp; 4825 | 4852979 |
| 4.65%, 10/18/30, (1-day SOFR + 1.10%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 4835 | 4913922 |
| 4.89%, 07/20/33, (1-day SOFR + 2.08%)<sup>(d)</sup> | &nbsp;&nbsp; 3490 | 3559787 |
| 4.99%, 04/12/29, (1-day SOFR + 1.38%)<sup>(d)</sup> | &nbsp;&nbsp; 3925 | 3996530 |
| 5.04%, 07/19/30, (1-day SOFR + 1.22%)<sup>(d)</sup> | &nbsp;&nbsp; 3765 | 3873975 |
| 5.07%, 01/30/37, (1-day SOFR + 1.18%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 295 | 297515 |
| 5.12%, 02/01/29, (1-day SOFR + 1.73%)<sup>(d)</sup> | &nbsp;&nbsp; 4395 | 4486117 |
| 5.16%, 04/20/29, (1-day SOFR + 1.59%)<sup>(d)</sup> | &nbsp;&nbsp; 4610 | 4714650 |
| 5.17%, 01/16/30, (1-day SOFR + 1.45%)<sup>(d)</sup> | &nbsp;&nbsp; 5742 | 5902601 |
| 5.19%, 04/17/31, (1-day SOFR + 1.51%)<sup>(d)</sup> | &nbsp;&nbsp; 5150 | 5334957 |
| 5.23%, 01/15/31, (1-day SOFR + 1.11%)<sup>(d)</sup> | &nbsp;&nbsp; 6905 | 7150699 |
| 5.25%, 04/21/34, (1-day SOFR + 1.87%)<sup>(d)</sup> | &nbsp;&nbsp; 6017 | 6234106 |
| 5.30%, 04/20/37, (1-day SOFR + 2.62%)<sup>(d)</sup> | &nbsp;&nbsp; 4325 | 4430077 |
| 5.31%, 01/18/41, (5-year CMT + 1.17%)<sup>(d)</sup> | &nbsp;&nbsp; 1705 | 1696336 |
| 5.32%, 07/19/35, (1-day SOFR + 1.56%)<sup>(d)</sup> | &nbsp;&nbsp; 6090 | 6305892 |
| 5.42%, 07/21/34, (1-day SOFR + 1.88%)<sup>(d)</sup> | &nbsp;&nbsp; 4425 | 4621597 |
| 5.45%, 07/20/29, (1-day SOFR + 1.63%)<sup>(d)</sup> | &nbsp;&nbsp; 3875 | 3995796 |
| 5.47%, 01/18/35, (1-day SOFR + 1.73%)<sup>(d)</sup> | &nbsp;&nbsp; 4365 | 4569351 |
| 5.52%, 11/19/55, (1-day SOFR + 1.71%)<sup>(d)</sup> | &nbsp;&nbsp; 5710 | 5695015 |
| 5.59%, 01/18/36, (1-day SOFR + 1.42%)<sup>(d)</sup> | &nbsp;&nbsp; 5095 | 5356177 |
| 5.60%, 03/24/51, (1-day SOFR + 4.84%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 3920 | 3976393 |
| 5.65%, 04/13/28, (1-day SOFR + 1.01%)<sup>(d)</sup> | &nbsp;&nbsp; 2380 | 2422106 |
| 5.66%, 04/18/30, (1-day SOFR + 1.26%)<sup>(d)</sup> | &nbsp;&nbsp; 4075 | 4256124 |
| 5.66%, 04/17/36, (1-day SOFR + 1.76%)<sup>(d)</sup> | &nbsp;&nbsp; 5315 | 5616870 |
| 5.83%, 04/19/35, (1-day SOFR + 1.58%)<sup>(d)</sup> | &nbsp;&nbsp; 5755 | 6149864 |
| 5.94%, 02/07/39, (5-year CMT + 1.80%)<sup>(d)</sup> | &nbsp;&nbsp; 2340 | 2466213 |
| 5.95%, 01/19/38, (5-year CMT + 2.43%)<sup>(d)</sup> | &nbsp;&nbsp; 3195 | 3366684 |
| 6.30%, 10/18/28, (1-day SOFR + 2.24%)<sup>(d)</sup> | &nbsp;&nbsp; 4685 | 4853269 |
| 6.34%, 10/18/33, (1-day SOFR + 2.56%)<sup>(d)</sup> | &nbsp;&nbsp; 4660 | 5128713 |
| 6.38%, 07/24/42 | &nbsp;&nbsp; 3998 | 4469479 |
| 6.41%, 11/01/29, (1-day SOFR + 1.83%)<sup>(d)</sup> | &nbsp;&nbsp; 4145 | 4388764 |
| 6.63%, 11/01/34, (1-day SOFR + 2.05%)<sup>(d)</sup> | &nbsp;&nbsp; 3930 | 4415072 |
| 7.25%, 04/01/32 | &nbsp;&nbsp; 2113 | 2444041 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Series I, 4.13%, 10/18/29, (1-day SOFR + <br> 0.91%)<sup>(d)</sup><br>| &nbsp;&nbsp; $3065 | $3069750 |
| Series I, 4.36%, 10/22/31, (1-day SOFR + <br> 1.07%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4480 | 4490534 |
| Series I, 4.89%, 10/22/36, (1-day SOFR + <br> 1.31%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3665 | 3646190 |
| Morgan Stanley Bank N.A. |  |  |
| 4.97%, 07/14/28, (1-day SOFR + 0.93%)<sup>(d)</sup> | &nbsp;&nbsp; 2800 | 2835862 |
| 5.02%, 01/12/29, (1-day SOFR + 0.91%)<sup>(d)</sup> | &nbsp;&nbsp; 3745 | 3817150 |
| 5.50%, 05/26/28, (1-day SOFR + 0.87%)<sup>(d)</sup> | &nbsp;&nbsp; 4267 | 4343548 |
| Morgan Stanley Private Bank N.A. |  |  |
| 4.20%, 11/17/28, (1-day SOFR + 0.78%)<sup>(d)</sup> | &nbsp;&nbsp; 4755 | 4772691 |
| 4.47%, 07/06/28, (1-day SOFR + 0.77%)<sup>(d)</sup> | &nbsp;&nbsp; 2890 | 2908872 |
| 4.47%, 11/19/31, (1-day SOFR + 1.02%)<sup>(d)</sup> | &nbsp;&nbsp; 4710 | 4738989 |
| 4.73%, 07/18/31, (1-day SOFR + 1.08%)<sup>(d)</sup> | &nbsp;&nbsp; 5490 | 5590448 |
| MUFG Bank Ltd., 4.70%, 03/10/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 320 | 300815 |
| National Australia Bank Ltd. |  |  |
| 2.33%, 08/21/30<sup>(b)</sup> | &nbsp;&nbsp; 2150 | 1975957 |
| 2.65%, 01/14/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 2080 | 1524760 |
| 2.99%, 05/21/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1977 | 1839754 |
| 3.35%, 01/12/37, (5-year CMT + 1.70%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1917 | 1778484 |
| 3.93%, 08/02/34, (5-year CMT + <br> 1.88%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2826 | 2784264 |
| 4.95%, 01/10/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1155 | 1201185 |
| 5.18%, 06/11/34<sup>(b)</sup> | &nbsp;&nbsp; 1780 | 1876128 |
| 5.90%, 01/14/36, (1-year CMT + <br> 1.30%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2430 | 2590796 |
| 6.43%, 01/12/33<sup>(b)</sup> | &nbsp;&nbsp; 2020 | 2213331 |
| National Australia Bank Ltd./New York |  |  |
| 3.85%, 12/13/28 | &nbsp;&nbsp; 980 | 983726 |
| 3.91%, 06/09/27 | &nbsp;&nbsp; 1440 | 1444247 |
| 4.15%, 01/13/31 | &nbsp;&nbsp; 750 | 757119 |
| 4.31%, 06/13/28 | &nbsp;&nbsp; 1755 | 1777290 |
| 4.50%, 10/26/27 | &nbsp;&nbsp; 1585 | 1606781 |
| 4.53%, 06/13/30 | &nbsp;&nbsp; 1575 | 1616314 |
| 4.79%, 01/10/29 | &nbsp;&nbsp; 1295 | 1334710 |
| 4.90%, 06/13/28 | &nbsp;&nbsp; 1755 | 1801237 |
| 4.90%, 01/14/30 | &nbsp;&nbsp; 1220 | 1265337 |
| 4.94%, 01/12/28 | &nbsp;&nbsp; 1815 | 1858661 |
| 5.09%, 06/11/27 | &nbsp;&nbsp; 1215 | 1235919 |
| National Bank of Canada |  |  |
| 4.17%, 01/20/29, (1-day SOFR Index + <br> 0.76%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 1105 | 1108980 |
| 4.50%, 10/10/29 | &nbsp;&nbsp; 1250 | 1270463 |
| 5.60%, 12/18/28 | &nbsp;&nbsp; 1850 | 1932352 |
| National Securities Clearing Corp. |  |  |
| 4.35%, 05/20/27<sup>(b)</sup> | &nbsp;&nbsp; 365 | 367844 |
| 4.70%, 05/20/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 775 | 797612 |
| 4.90%, 06/26/29<sup>(b)</sup> | &nbsp;&nbsp; 1220 | 1257807 |
| 5.00%, 05/30/28<sup>(b)</sup> | &nbsp;&nbsp; 1535 | 1572276 |
| 5.10%, 11/21/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1480 | 1513743 |
| NatWest Group PLC |  |  |
| 3.03%, 11/28/35, (5-year CMT + 2.35%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1490 | 1388326 |
| 3.07%, 05/22/28, (1-year CMT + 2.55%)<sup>(d)</sup> | &nbsp;&nbsp; 1377 | 1362979 |
| 4.45%, 05/08/30, (3-mo. SOFR US + <br> 2.13%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2880 | 2904220 |
| 4.89%, 05/18/29, (3-mo. SOFR US + <br> 2.01%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3088 | 3143985 |
| 4.96%, 08/15/30, (1-year CMT + 1.22%)<sup>(d)</sup> | &nbsp;&nbsp; 2020 | 2070918 |
| 5.08%, 01/27/30, (3-mo. SOFR US + <br> 2.17%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3051 | 3130862 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.12%, 05/23/31, (1-year CMT + 1.05%)<sup>(d)</sup> | &nbsp;&nbsp; $2000 | $2062640 |
| 5.52%, 09/30/28, (1-year CMT + 2.27%)<sup>(d)</sup> | &nbsp;&nbsp; 1655 | 1694541 |
| 5.58%, 03/01/28, (1-year CMT + 1.10%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1715 | 1742231 |
| 5.78%, 03/01/35, (1-year CMT + 1.50%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1945 | 2068859 |
| 5.81%, 09/13/29, (1-year CMT + 1.95%)<sup>(d)</sup> | &nbsp;&nbsp; 2095 | 2182753 |
| 5.91%, 03/03/47, (1-year CMT + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 1400 | 1390151 |
| 6.02%, 03/02/34, (1-year CMT + 2.10%)<sup>(d)</sup> | &nbsp;&nbsp; 1970 | 2126402 |
| 6.48%, 06/01/34, (5-year CMT + 2.20%)<sup>(d)</sup> | &nbsp;&nbsp; 1820 | 1921664 |
| NatWest Markets PLC |  |  |
| 4.17%, 11/06/28<sup>(b)</sup> | &nbsp;&nbsp; 1325 | 1329694 |
| 4.41%, 11/06/30<sup>(b)</sup> | &nbsp;&nbsp; 1010 | 1017474 |
| 4.79%, 03/21/28<sup>(b)</sup> | &nbsp;&nbsp; 865 | 879576 |
| 5.02%, 03/21/30<sup>(b)</sup> | &nbsp;&nbsp; 1470 | 1520589 |
| 5.41%, 05/17/29<sup>(b)</sup> | &nbsp;&nbsp; 1750 | 1822381 |
| 5.42%, 05/17/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1380 | 1405951 |
| NBK SPC Ltd., 5.50%, 06/06/30, (1-day SOFR <br> + 1.16%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 125 | 129610 |
| NongHyup Bank |  |  |
| 4.25%, 07/06/27<sup>(b)</sup> | &nbsp;&nbsp; 150 | 150940 |
| 4.75%, 07/22/29<sup>(b)</sup> | &nbsp;&nbsp; 100 | 102643 |
| 4.88%, 07/03/28<sup>(b)</sup> | &nbsp;&nbsp; 200 | 204871 |
| Nordea Bank Abp |  |  |
| 4.25%, 08/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1200 | 1213091 |
| 4.38%, 03/17/28<sup>(b)</sup> | &nbsp;&nbsp; 255 | 257944 |
| 4.38%, 09/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1165 | 1181414 |
| 4.63%, 09/13/33, (5-year USD Swap + <br> 1.69%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1002 | 1006771 |
| 5.00%, 03/19/27<sup>(b)</sup> | &nbsp;&nbsp; 670 | 678657 |
| 5.38%, 09/22/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1750 | 1791145 |
| Norinchukin Bank(The) |  |  |
| 2.08%, 09/22/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2285 | 2026492 |
| 4.67%, 09/09/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 605 | 614103 |
| 4.87%, 09/14/27<sup>(b)</sup> | &nbsp;&nbsp; 1225 | 1238562 |
| 5.07%, 09/14/32<sup>(b)</sup> | &nbsp;&nbsp; 382 | 393168 |
| 5.09%, 10/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1085 | 1115622 |
| 5.36%, 09/09/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 635 | 651987 |
| 5.43%, 03/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2071 | 2123601 |
| Northern Trust Corp. |  |  |
| 1.95%, 05/01/30 | &nbsp;&nbsp; 2226 | 2056149 |
| 3.15%, 05/03/29 | &nbsp;&nbsp; 734 | 720481 |
| 3.38%, 05/08/32, (3-mo. SOFR US + <br> 1.39%)<sup>(d)</sup><br>| &nbsp;&nbsp; 868 | 859289 |
| 3.65%, 08/03/28 | &nbsp;&nbsp; 1019 | 1019123 |
| 4.00%, 05/10/27<sup>(a)</sup> | &nbsp;&nbsp; 1424 | 1428852 |
| 4.15%, 11/19/30<sup>(a)</sup> | &nbsp;&nbsp; 790 | 796788 |
| 5.12%, 11/19/40, (5-year CMT + 1.05%)<sup>(d)</sup> | &nbsp;&nbsp; 570 | 571424 |
| 6.13%, 11/02/32 | &nbsp;&nbsp; 1605 | 1757449 |
| Pinnacle Bank/Nashville, 5.63%, 02/15/28 | &nbsp;&nbsp; 925 | 944637 |
| PNC Bank N.A. |  |  |
| 2.70%, 10/22/29 | &nbsp;&nbsp; 1490 | 1420472 |
| 3.10%, 10/25/27 | &nbsp;&nbsp; 1531 | 1513887 |
| 3.25%, 01/22/28 | &nbsp;&nbsp; 1395 | 1383857 |
| 4.05%, 07/26/28 | &nbsp;&nbsp; 2270 | 2273960 |
| 4.43%, 07/21/28, (1-day SOFR + 0.73%)<sup>(d)</sup> | &nbsp;&nbsp; 2305 | 2320970 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.31%, 04/23/32, (1-day SOFR + 0.98%)<sup>(d)</sup> | &nbsp;&nbsp; 2085 | 1901626 |
| 2.55%, 01/22/30<sup>(a)</sup> | &nbsp;&nbsp; 3534 | 3351813 |
| 3.15%, 05/19/27 | &nbsp;&nbsp; 1074 | 1065749 |
| 3.45%, 04/23/29 | &nbsp;&nbsp; 2485 | 2460277 |
| 4.63%, 06/06/33, (1-day SOFR Index + <br> 1.85%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1829 | 1824690 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.81%, 10/21/32, (1-day SOFR + 1.26%)<sup>(d)</sup> | &nbsp;&nbsp; $2960 | $3026462 |
| 4.90%, 05/13/31, (1-day SOFR + 1.33%)<sup>(d)</sup> | &nbsp;&nbsp; 1920 | 1972100 |
| 5.07%, 01/24/34, (1-day SOFR + 1.93%)<sup>(d)</sup> | &nbsp;&nbsp; 2440 | 2521468 |
| 5.22%, 01/29/31, (1-day SOFR + 1.07%)<sup>(d)</sup> | &nbsp;&nbsp; 1665 | 1731668 |
| 5.35%, 12/02/28, (1-day SOFR + 1.62%)<sup>(d)</sup> | &nbsp;&nbsp; 2655 | 2722157 |
| 5.37%, 07/21/36, (1-day SOFR + 1.42%)<sup>(d)</sup> | &nbsp;&nbsp; 2510 | 2602317 |
| 5.40%, 07/23/35, (1-day SOFR + 1.60%)<sup>(d)</sup> | &nbsp;&nbsp; 2480 | 2583237 |
| 5.42%, 01/25/41, (5-year CMT + 1.17%)<sup>(d)</sup> | &nbsp;&nbsp; 1350 | 1364796 |
| 5.49%, 05/14/30, (1-day SOFR + 1.20%)<sup>(d)</sup> | &nbsp;&nbsp; 3040 | 3174855 |
| 5.58%, 06/12/29, (1-day SOFR + 1.84%)<sup>(d)</sup> | &nbsp;&nbsp; 4351 | 4509852 |
| 5.58%, 01/29/36, (1-day SOFR + 1.39%)<sup>(d)</sup> | &nbsp;&nbsp; 4036 | 4247768 |
| 5.68%, 01/22/35, (1-day SOFR + 1.90%)<sup>(d)</sup> | &nbsp;&nbsp; 2925 | 3104454 |
| 5.94%, 08/18/34, (1-day SOFR + 1.95%)<sup>(d)</sup> | &nbsp;&nbsp; 1150 | 1242518 |
| 6.04%, 10/28/33, (1-day SOFR Index + <br> 2.14%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2815 | 3056911 |
| 6.88%, 10/20/34, (1-day SOFR + 2.28%)<sup>(d)</sup> | &nbsp;&nbsp; 4100 | 4662682 |
| Regions Banks, 6.45%, 06/26/37 | &nbsp;&nbsp; 1080 | 1184071 |
| Regions Financial Corp. |  |  |
| 1.80%, 08/12/28 | &nbsp;&nbsp; 1133 | 1072877 |
| 5.50%, 09/06/35, (1-day SOFR + 2.06%)<sup>(d)</sup> | &nbsp;&nbsp; 1450 | 1502931 |
| 5.72%, 06/06/30, (1-day SOFR + 1.49%)<sup>(d)</sup> | &nbsp;&nbsp; 325 | 340482 |
| 7.38%, 12/10/37<sup>(a)</sup> | &nbsp;&nbsp; 559 | 655480 |
| Rheinland-Pfalz Bank, 6.88%, 02/23/28<sup>(a)(b)(c)</sup> | &nbsp;&nbsp; 135 | 141505 |
| Royal Bank of Canada |  |  |
| 2.30%, 11/03/31<sup>(a)</sup> | &nbsp;&nbsp; 3120 | 2848076 |
| 3.63%, 05/04/27 | &nbsp;&nbsp; 1926 | 1923971 |
| 3.88%, 05/04/32 | &nbsp;&nbsp; 1153 | 1134573 |
| 4.00%, 11/03/28, (1-day SOFR + 0.70%)<sup>(d)</sup> | &nbsp;&nbsp; 3185 | 3189568 |
| 4.24%, 08/03/27 | &nbsp;&nbsp; 2237 | 2251030 |
| 4.31%, 11/03/31, (1-day SOFR + 0.98%)<sup>(d)</sup> | &nbsp;&nbsp; 1625 | 1635483 |
| 4.50%, 08/06/29, (1-day SOFR + 0.89%)<sup>(d)</sup> | &nbsp;&nbsp; 2090 | 2114908 |
| 4.52%, 10/18/28, (1-day SOFR Index + <br> 0.86%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1430 | 1444436 |
| 4.65%, 10/18/30, (1-day SOFR Index + <br> 1.08%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3280 | 3346039 |
| 4.70%, 08/06/31, (1-day SOFR + 1.06%)<sup>(d)</sup> | &nbsp;&nbsp; 1780 | 1818687 |
| 4.72%, 03/27/28, (1-day SOFR Index + <br> 0.81%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1785 | 1800925 |
| 4.90%, 01/12/28 | &nbsp;&nbsp; 1694 | 1729817 |
| 4.95%, 02/01/29 | &nbsp;&nbsp; 1940 | 2001640 |
| 4.97%, 01/24/29, (1-day SOFR + 0.83%)<sup>(d)</sup> | &nbsp;&nbsp; 2070 | 2111786 |
| 4.97%, 08/02/30, (1-day SOFR + 1.10%)<sup>(d)</sup> | &nbsp;&nbsp; 2310 | 2376704 |
| 4.97%, 05/02/31, (1-day SOFR Index + <br> 1.13%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1800 | 1859005 |
| 5.00%, 02/01/33 | &nbsp;&nbsp; 2940 | 3050352 |
| 5.00%, 05/02/33 | &nbsp;&nbsp; 670 | 694817 |
| 5.15%, 02/04/31, (1-day SOFR + 1.03%)<sup>(d)</sup> | &nbsp;&nbsp; 3130 | 3246084 |
| 5.15%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 2660 | 2800772 |
| 5.20%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2030 | 2091140 |
| 6.00%, 11/01/27 | &nbsp;&nbsp; 2395 | 2478412 |
| 6.35%, 11/24/84, (5-year CMT + 2.26%)<sup>(d)</sup> | &nbsp;&nbsp; 1970 | 1951258 |
| 6.75%, 08/24/85, (5-year CMT + 2.82%)<sup>(d)</sup> | &nbsp;&nbsp; 2620 | 2718389 |
| 7.50%, 05/02/84, (5-year CMT + 2.89%)<sup>(d)</sup> | &nbsp;&nbsp; 1555 | 1641712 |
| Santander Holdings USA, Inc. |  |  |
| 4.40%, 07/13/27 | &nbsp;&nbsp; 1652 | 1656224 |
| 5.35%, 09/06/30, (1-day SOFR + 1.94%)<sup>(d)</sup> | &nbsp;&nbsp; 2240 | 2304697 |
| 5.47%, 03/20/29, (1-day SOFR + 1.61%)<sup>(d)</sup> | &nbsp;&nbsp; 1035 | 1058018 |
| 5.74%, 03/20/31, (1-day SOFR + 1.88%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1055 | 1098767 |
| 6.17%, 01/09/30, (1-day SOFR + 2.50%)<sup>(d)</sup> | &nbsp;&nbsp; 1670 | 1744026 |
| 6.34%, 05/31/35, (1-day SOFR + 2.14%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 505 | 543912 |
| 6.50%, 03/09/29, (1-day SOFR + 2.36%)<sup>(d)</sup> | &nbsp;&nbsp; 1955 | 2035183 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.57%, 06/12/29, (1-day SOFR + 2.70%)<sup>(d)</sup> | &nbsp;&nbsp; $1119 | $1169333 |
| 7.66%, 11/09/31, (1-day SOFR + 3.28%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1250 | 1410870 |
| Santander U.K. Group Holdings PLC |  |  |
| 2.90%, 03/15/32, (1-day SOFR + 1.48%)<sup>(d)</sup> | &nbsp;&nbsp; 2245 | 2084108 |
| 3.82%, 11/03/28, (3-mo. SOFR US + <br> 1.66%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2160 | 2150927 |
| 4.32%, 09/22/29, (1-day SOFR Index + <br> 1.07%)<sup>(d)</sup><br>| &nbsp;&nbsp; 600 | 602084 |
| 4.86%, 09/11/30, (1-day SOFR Index + <br> 1.55%)<sup>(d)</sup><br>| &nbsp;&nbsp; 325 | 331303 |
| 5.14%, 09/22/36, (1-day SOFR+ 1.58%)<sup>(d)</sup> | &nbsp;&nbsp; 1520 | 1522724 |
| 5.63%, 09/15/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 880 | 837294 |
| 5.69%, 04/15/31, (1-day SOFR Index + <br> 1.52%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 2425 | 2546144 |
| 6.53%, 01/10/29, (1-day SOFR + 2.60%)<sup>(d)</sup> | &nbsp;&nbsp; 2734 | 2852419 |
| Shinhan Bank Co. Ltd. |  |  |
| 3.75%, 09/20/27<sup>(b)</sup> | &nbsp;&nbsp; 750 | 746420 |
| 4.00%, 04/23/29<sup>(b)</sup> | &nbsp;&nbsp; 942 | 937841 |
| 4.38%, 04/13/32<sup>(b)</sup> | &nbsp;&nbsp; 885 | 885776 |
| 4.50%, 04/12/28<sup>(b)</sup> | &nbsp;&nbsp; 475 | 481785 |
| 4.63%, 05/13/30<sup>(b)</sup> | &nbsp;&nbsp; 185 | 190392 |
| 5.75%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 385 | 411488 |
| Shinhan Financial Group Co. Ltd., 5.00%, <br> 07/24/28<sup>(b)</sup><br>| &nbsp;&nbsp; 660 | 675594 |
| Skandinaviska Enskilda Banken AB |  |  |
| 4.38%, 06/02/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 450 | 455364 |
| 4.50%, 09/03/30<sup>(b)</sup> | &nbsp;&nbsp; 1055 | 1068587 |
| 5.13%, 03/05/27<sup>(b)</sup> | &nbsp;&nbsp; 890 | 902449 |
| 5.38%, 03/05/29<sup>(b)</sup> | &nbsp;&nbsp; 1160 | 1206150 |
| Societe Generale SA |  |  |
| 2.89%, 06/09/32, (1-year CMT + 1.30%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1835 | 1685528 |
| 3.00%, 01/22/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1653 | 1574342 |
| 3.34%, 01/21/33, (1-year CMT + <br> 1.60%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1475 | 1369811 |
| 3.63%, 03/01/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 1440 | 1110866 |
| 3.65%, 07/08/35, (5-year CMT + <br> 3.00%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 876 | 832493 |
| 4.03%, 01/21/43, (1-year CMT + 1.90%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1155 | 904155 |
| 4.45%, 04/12/30, (1-day SOFR + <br> 1.10%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 400 | 401818 |
| 4.68%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp; 680 | 687321 |
| 4.75%, 09/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 776 | 786626 |
| 5.25%, 05/22/29, (1-day SOFR + <br> 1.42%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1600 | 1634848 |
| 5.40%, 04/10/37, (1-day SOFR + 1.60%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 790 | 794768 |
| 5.44%, 10/03/36, (1-day SOFR + <br> 1.73%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2000 | 2026906 |
| 5.50%, 04/13/29, (1-year CMT + 1.20%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 250 | 256531 |
| 5.51%, 05/22/31, (1-day SOFR + <br> 1.65%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1600 | 1665404 |
| 5.63%, 01/19/30, (1-year CMT + <br> 1.75%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1680 | 1744172 |
| 5.63%, 11/24/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 735 | 706707 |
| 6.07%, 01/19/35, (1-year CMT + <br> 2.10%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1975 | 2106885 |
| 6.10%, 04/13/33, (1-year CMT + 1.60%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1475 | 1573979 |
| 6.22%, 06/15/33, (1-year CMT + <br> 3.20%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1782 | 1883134 |
| 6.45%, 01/10/29, (1-year CMT + 2.55%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1975 | 2054506 |
| 6.69%, 01/10/34, (1-year CMT + 2.95%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2535 | 2783751 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 7.13%, 01/19/55, (1-year CMT + <br> 2.95%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; $1955 | $2090340 |
| 7.37%, 01/10/53<sup>(a)(b)</sup> | &nbsp;&nbsp; 1440 | 1583562 |
| Standard Chartered Bank, 8.00%, 05/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 210 | 242110 |
| Standard Chartered Bank/New York, 4.85%, <br> 12/03/27<br>| &nbsp;&nbsp; 20 | 20374 |
| Standard Chartered PLC |  |  |
| 2.68%, 06/29/32, (1-year CMT + 1.20%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2080 | 1894114 |
| 3.27%, 02/18/36, (5-year CMT + 2.30%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2056 | 1915329 |
| 3.60%, 01/12/33, (1-year CMT + 1.90%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2205 | 2057332 |
| 4.30%, 01/13/30, (1-year CMT + <br> 0.77%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1735 | 1739969 |
| 4.31%, 05/21/30<sup>(b)(d)</sup> | &nbsp;&nbsp; 1330 | 1331528 |
| 4.53%, 06/05/32, (1-year CMT + 0.95%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1600 | 1601828 |
| 4.64%, 04/01/31, (1-year CMT + 3.85%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2735 | 2767281 |
| 4.87%, 03/15/33, (5-year USD ICE Swap + <br> 1.97%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 1115 | 1121801 |
| 5.01%, 10/15/30, (1-year CMT + 1.15%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2835 | 2901992 |
| 5.24%, 05/13/31, (1-year CMT + 1.35%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 990 | 1025658 |
| 5.24%, 01/13/37, (1-year CMT + 1.07%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1875 | 1886920 |
| 5.30%, 01/09/43<sup>(a)(b)</sup> | &nbsp;&nbsp; 1813 | 1764673 |
| 5.40%, 08/12/36, (1-year CMT + 1.20%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2980 | 3060786 |
| 5.55%, 01/21/29, (1-year CMT + 1.05%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1995 | 2047137 |
| 5.69%, 05/14/28, (1-year CMT + 1.05%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2970 | 3027104 |
| 5.70%, 03/26/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 2796 | 2789925 |
| 5.71%, 03/05/47, (1-year CMT + 1.10%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1600 | 1595400 |
| 5.91%, 05/14/35, (1-year CMT + 1.45%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3955 | 4206408 |
| 6.10%, 01/11/35, (1-year CMT + <br> 2.10%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2085 | 2251261 |
| 6.23%, 01/21/36, (1-year CMT + 1.43%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1950 | 2127796 |
| 6.30%, 01/09/29, (1-year CMT + 2.45%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2890 | 3000725 |
| 6.30%, 07/06/34, (1-year CMT + <br> 2.58%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2530 | 2755670 |
| 7.01%<sup>(a)(b)(d)(e)</sup> | &nbsp;&nbsp; 1200 | 1266800 |
| 7.02%, 02/08/30, (1-year CMT + 2.20%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1530 | 1649435 |
| 7.77%, 11/16/28, (1-year CMT + 3.45%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2120 | 2246373 |
| State Street Bank & Trust Co., 4.78%, 11/23/29 | &nbsp;&nbsp; 1080 | 1116237 |
| State Street Corp. |  |  |
| 2.20%, 03/03/31 | &nbsp;&nbsp; 1777 | 1617966 |
| 2.40%, 01/24/30<sup>(a)</sup> | &nbsp;&nbsp; 1187 | 1128178 |
| 2.62%, 02/07/33, (1-day SOFR + 1.00%)<sup>(d)</sup> | &nbsp;&nbsp; 868 | 791462 |
| 3.03%, 11/01/34, (1-day SOFR + 1.49%)<sup>(d)</sup> | &nbsp;&nbsp; 1270 | 1213662 |
| 3.15%, 03/30/31, (1-day SOFR + 2.65%)<sup>(d)</sup> | &nbsp;&nbsp; 1450 | 1405678 |
| 4.14%, 12/03/29, (3-mo. CME Term SOFR + <br> 1.29%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 786 | 791809 |
| 4.16%, 08/04/33, (1-day SOFR + 1.73%)<sup>(d)</sup> | &nbsp;&nbsp; 1700 | 1677936 |
| 4.33%, 10/22/27<sup>(a)</sup> | &nbsp;&nbsp; 2020 | 2039754 |
| 4.42%, 05/13/33, (1-day SOFR + 1.61%)<sup>(d)</sup> | &nbsp;&nbsp; 1205 | 1210513 |
| 4.53%, 02/20/29, (1-day SOFR + 1.02%)<sup>(d)</sup> | &nbsp;&nbsp; 2205 | 2234746 |
| 4.54%, 02/28/28 | &nbsp;&nbsp; 1285 | 1305180 |
| 4.54%, 04/24/28, (1-day SOFR + 0.95%)<sup>(d)</sup> | &nbsp;&nbsp; 1760 | 1772552 |
| 4.68%, 10/22/32, (1-day SOFR + 1.05%)<sup>(d)</sup> | &nbsp;&nbsp; 1520 | 1553952 |
| 4.73%, 02/28/30 | &nbsp;&nbsp; 1385 | 1423618 |
| 4.78%, 10/23/36, (1-day SOFR + 1.22%)<sup>(d)</sup> | &nbsp;&nbsp; 1270 | 1269137 |
| 4.82%, 01/26/34, (1-day SOFR + 1.57%)<sup>(d)</sup> | &nbsp;&nbsp; 1405 | 1434235 |
| 4.83%, 04/24/30 | &nbsp;&nbsp; 1410 | 1452483 |
| 4.99%, 03/18/27 | &nbsp;&nbsp; 1430 | 1447442 |
| 5.15%, 02/28/36, (1-day SOFR + 1.22%)<sup>(d)</sup> | &nbsp;&nbsp; 1045 | 1076507 |
| 5.16%, 05/18/34, (1-day SOFR + 1.89%)<sup>(d)</sup> | &nbsp;&nbsp; 1435 | 1492342 |
| 5.68%, 11/21/29, (1-day SOFR + 1.48%)<sup>(d)</sup> | &nbsp;&nbsp; 1290 | 1349609 |
| 5.82%, 11/04/28, (1-day SOFR + 1.72%)<sup>(d)</sup> | &nbsp;&nbsp; 1185 | 1221799 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.12%, 11/21/34, (1-day SOFR + 1.96%)<sup>(d)</sup> | &nbsp;&nbsp; $945 | $1026929 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 1.71%, 01/12/31 | &nbsp;&nbsp; 1185 | 1056463 |
| 1.90%, 09/17/28 | &nbsp;&nbsp; 3600 | 3420588 |
| 2.13%, 07/08/30 | &nbsp;&nbsp; 2755 | 2536611 |
| 2.14%, 09/23/30<sup>(a)</sup> | &nbsp;&nbsp; 1259 | 1150909 |
| 2.22%, 09/17/31 | &nbsp;&nbsp; 1993 | 1790156 |
| 2.30%, 01/12/41 | &nbsp;&nbsp; 1070 | 769046 |
| 2.47%, 01/14/29 | &nbsp;&nbsp; 1092 | 1050194 |
| 2.72%, 09/27/29 | &nbsp;&nbsp; 980 | 937985 |
| 2.75%, 01/15/30 | &nbsp;&nbsp; 2360 | 2247443 |
| 2.93%, 09/17/41 | &nbsp;&nbsp; 960 | 724830 |
| 3.04%, 07/16/29 | &nbsp;&nbsp; 4560 | 4418867 |
| 3.05%, 01/14/42 | &nbsp;&nbsp; 1480 | 1158172 |
| 3.35%, 10/18/27 | &nbsp;&nbsp; 1330 | 1322332 |
| 3.36%, 07/12/27 | &nbsp;&nbsp; 2078 | 2065851 |
| 3.54%, 01/17/28 | &nbsp;&nbsp; 1556 | 1548463 |
| 3.94%, 07/19/28 | &nbsp;&nbsp; 1509 | 1512737 |
| 4.11%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1370 | 1375878 |
| 4.31%, 10/16/28<sup>(a)</sup> | &nbsp;&nbsp; 854 | 862199 |
| 4.49%, 01/15/32, (1-day SOFR + 1.02%)<sup>(d)</sup> | &nbsp;&nbsp; 1725 | 1742003 |
| 4.66%, 07/08/31, (1-day SOFR + 1.19%)<sup>(d)</sup> | &nbsp;&nbsp; 1350 | 1373462 |
| 4.95%, 07/08/33, (1-day SOFR + 1.38%)<sup>(d)</sup> | &nbsp;&nbsp; 1300 | 1336355 |
| 5.05%, 01/15/37, (1-day SOFR + 1.22%)<sup>(d)</sup> | &nbsp;&nbsp; 1015 | 1027286 |
| 5.24%, 04/15/30 | &nbsp;&nbsp; 1335 | 1393304 |
| 5.25%, 07/08/36, (1-day SOFR + 1.50%)<sup>(d)</sup> | &nbsp;&nbsp; 1100 | 1138048 |
| 5.32%, 07/09/29 | &nbsp;&nbsp; 1360 | 1414656 |
| 5.33%, 03/03/41, (5-year CMT + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 900 | 903614 |
| 5.42%, 07/09/31 | &nbsp;&nbsp; 2065 | 2177975 |
| 5.45%, 01/15/32 | &nbsp;&nbsp; 675 | 714644 |
| 5.52%, 01/13/28 | &nbsp;&nbsp; 3290 | 3391833 |
| 5.56%, 07/09/34<sup>(a)</sup> | &nbsp;&nbsp; 2530 | 2678377 |
| 5.57%, 01/15/47, (1-day SOFR + 1.36%)<sup>(d)</sup> | &nbsp;&nbsp; 765 | 779144 |
| 5.63%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1860 | 1985643 |
| 5.71%, 01/13/30 | &nbsp;&nbsp; 2315 | 2447402 |
| 5.72%, 09/14/28 | &nbsp;&nbsp; 1965 | 2048784 |
| 5.77%, 01/13/33 | &nbsp;&nbsp; 3235 | 3476195 |
| 5.78%, 07/13/33 | &nbsp;&nbsp; 975 | 1048436 |
| 5.80%, 07/13/28 | &nbsp;&nbsp; 1410 | 1469790 |
| 5.80%, 07/08/46, (1-day SOFR + 1.78%)<sup>(d)</sup> | &nbsp;&nbsp; 1310 | 1338585 |
| 5.81%, 09/14/33<sup>(a)</sup> | &nbsp;&nbsp; 1676 | 1811541 |
| 5.84%, 07/09/44 | &nbsp;&nbsp; 2735 | 2856832 |
| 5.85%, 07/13/30<sup>(a)</sup> | &nbsp;&nbsp; 1255 | 1339741 |
| 6.18%, 07/13/43<sup>(a)</sup> | &nbsp;&nbsp; 1575 | 1744611 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| 2.80%, 03/10/27<sup>(b)</sup> | &nbsp;&nbsp; 1055 | 1044526 |
| 3.95%, 03/05/29<sup>(b)</sup> | &nbsp;&nbsp; 1800 | 1802607 |
| 4.20%, 03/05/31<sup>(b)</sup> | &nbsp;&nbsp; 1800 | 1801912 |
| 4.35%, 09/11/30<sup>(b)</sup> | &nbsp;&nbsp; 150 | 151809 |
| 4.45%, 09/10/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1685 | 1702524 |
| 4.50%, 03/13/28<sup>(b)</sup> | &nbsp;&nbsp; 295 | 298483 |
| 4.50%, 09/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1965 | 1994646 |
| 4.70%, 03/13/30<sup>(b)</sup> | &nbsp;&nbsp; 1270 | 1300730 |
| 4.80%, 03/05/36<sup>(b)</sup> | &nbsp;&nbsp; 1800 | 1794976 |
| 4.85%, 09/10/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1065 | 1079952 |
| 4.95%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 915 | 930726 |
| 5.05%, 03/13/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 915 | 942693 |
| 5.20%, 03/07/27<sup>(b)</sup> | &nbsp;&nbsp; 990 | 1003379 |
| 5.20%, 03/07/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 860 | 889860 |
| 5.35%, 03/07/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 805 | 844530 |
| 5.50%, 03/09/28<sup>(b)</sup> | &nbsp;&nbsp; 1110 | 1144300 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.55%, 09/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; $775 | $804799 |
| Sumitomo Mitsui Trust Group, Inc., 5.42%, <br> 09/11/36, (1-day SOFR + 1.65%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 140 | 142332 |
| Svenska Handelsbanken AB |  |  |
| 3.95%, 06/10/27<sup>(b)</sup> | &nbsp;&nbsp; 1105 | 1108189 |
| 4.38%, 05/23/28<sup>(b)</sup> | &nbsp;&nbsp; 1055 | 1068164 |
| 5.13%, 05/28/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 964 | 980455 |
| 5.50%, 06/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1305 | 1349318 |
| Swedbank AB |  |  |
| 5.00%, 11/20/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 840 | 872944 |
| 5.08%, 05/21/30<sup>(b)</sup> | &nbsp;&nbsp; 1160 | 1201728 |
| 5.34%, 09/20/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1785 | 1824363 |
| 5.41%, 03/14/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1520 | 1582290 |
| Synchrony Bank, 5.63%, 08/23/27 | &nbsp;&nbsp; 964 | 981912 |
| Synovus Financial Corp., 6.17%, 11/01/30, <br> (1-day SOFR + 2.35%)<sup>(d)</sup><br>| &nbsp;&nbsp; 385 | 403684 |
| Toronto-Dominion Bank(The) |  |  |
| 2.00%, 09/10/31<sup>(a)</sup> | &nbsp;&nbsp; 2245 | 2025330 |
| 2.45%, 01/12/32 | &nbsp;&nbsp; 2160 | 1961280 |
| 2.80%, 03/10/27<sup>(a)</sup> | &nbsp;&nbsp; 1715 | 1699119 |
| 3.20%, 03/10/32 | &nbsp;&nbsp; 2891 | 2727003 |
| 3.91%, 01/13/28<sup>(a)</sup> | &nbsp;&nbsp; 735 | 735912 |
| 4.11%, 06/08/27 | &nbsp;&nbsp; 2388 | 2396836 |
| 4.11%, 10/13/28 | &nbsp;&nbsp; 1855 | 1863634 |
| 4.41%, 01/13/31 | &nbsp;&nbsp; 425 | 430219 |
| 4.46%, 06/08/32<sup>(a)</sup> | &nbsp;&nbsp; 3485 | 3517536 |
| 4.57%, 06/02/28 | &nbsp;&nbsp; 1935 | 1962825 |
| 4.69%, 09/15/27 | &nbsp;&nbsp; 2555 | 2588338 |
| 4.78%, 12/17/29 | &nbsp;&nbsp; 1680 | 1728086 |
| 4.81%, 06/03/30 | &nbsp;&nbsp; 2475 | 2544873 |
| 4.86%, 01/31/28 | &nbsp;&nbsp; 2150 | 2190324 |
| 4.93%, 10/15/35 | &nbsp;&nbsp; 1200 | 1209854 |
| 4.98%, 04/05/27 | &nbsp;&nbsp; 1235 | 1250396 |
| 4.99%, 04/05/29 | &nbsp;&nbsp; 1600 | 1648793 |
| 5.15%, 09/10/34, (5-year CMT + 1.50%)<sup>(d)</sup> | &nbsp;&nbsp; 1950 | 1988680 |
| 5.16%, 01/10/28 | &nbsp;&nbsp; 2290 | 2343189 |
| 5.30%, 01/30/32 | &nbsp;&nbsp; 2080 | 2189371 |
| 5.52%, 07/17/28 | &nbsp;&nbsp; 2150 | 2227720 |
| 6.35%, 10/31/85, (5-year CMT + 2.72%)<sup>(d)</sup> | &nbsp;&nbsp; 1555 | 1580163 |
| 7.25%, 07/31/84, (5-year CMT + 2.98%)<sup>(d)</sup> | &nbsp;&nbsp; 1490 | 1557768 |
| 8.13%, 10/31/82, (5-year CMT + 4.08%)<sup>(d)</sup> | &nbsp;&nbsp; 1903 | 1991054 |
| Truist Bank |  |  |
| 2.25%, 03/11/30 | &nbsp;&nbsp; 2563 | 2368929 |
| 4.14%, 10/23/29, (1-day SOFR + 0.91%)<sup>(d)</sup> | &nbsp;&nbsp; 2125 | 2127705 |
| 4.42%, 07/24/28, (1-day SOFR + 0.77%)<sup>(d)</sup> | &nbsp;&nbsp; 2190 | 2203663 |
| Series I, 4.14%, 01/27/29, (1-day SOFR + <br> 0.66%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1755 | 1759164 |
| Truist Financial Corp. |  |  |
| 1.13%, 08/03/27 | &nbsp;&nbsp; 1450 | 1397424 |
| 1.89%, 06/07/29, (1-day SOFR + 0.86%)<sup>(d)</sup> | &nbsp;&nbsp; 2191 | 2094200 |
| 1.95%, 06/05/30 | &nbsp;&nbsp; 1500 | 1377566 |
| 3.88%, 03/19/29 | &nbsp;&nbsp; 1506 | 1499275 |
| 4.12%, 06/06/28, (1-day SOFR + 1.37%)<sup>(d)</sup> | &nbsp;&nbsp; 1200 | 1202671 |
| 4.60%, 01/27/32, (1-day SOFR + 0.97%)<sup>(d)</sup> | &nbsp;&nbsp; 1125 | 1136902 |
| 4.87%, 01/26/29, (1-day SOFR + 1.44%)<sup>(d)</sup> | &nbsp;&nbsp; 2415 | 2454379 |
| 4.92%, 07/28/33, (1-day SOFR + 2.24%)<sup>(d)</sup> | &nbsp;&nbsp; 2050 | 2069301 |
| 4.96%, 10/23/36, (1-day SOFR + 1.40%)<sup>(d)</sup> | &nbsp;&nbsp; 2225 | 2221821 |
| 5.07%, 05/20/31, (1-day SOFR + 1.31%)<sup>(d)</sup> | &nbsp;&nbsp; 2965 | 3060204 |
| 5.12%, 01/26/34, (1-day SOFR + 1.85%)<sup>(d)</sup> | &nbsp;&nbsp; 2055 | 2107824 |
| 5.15%, 08/05/32, (1-day SOFR + 1.57%)<sup>(d)</sup> | &nbsp;&nbsp; 1720 | 1786553 |
| 5.44%, 01/24/30, (1-day SOFR + 1.62%)<sup>(d)</sup> | &nbsp;&nbsp; 2540 | 2635911 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(d)</sup> | &nbsp;&nbsp; $3390 | $3596938 |
| 5.87%, 06/08/34, (1-day SOFR + 2.36%)<sup>(d)</sup> | &nbsp;&nbsp; 2680 | 2867192 |
| 6.12%, 10/28/33, (1-day SOFR + 2.30%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1470 | 1595326 |
| 7.16%, 10/30/29, (1-day SOFR + 2.45%)<sup>(d)</sup> | &nbsp;&nbsp; 3215 | 3461082 |
| U.S. Bancorp |  |  |
| 1.38%, 07/22/30 | &nbsp;&nbsp; 3804 | 3404639 |
| 2.49%, 11/03/36, (5-year CMT + 0.95%)<sup>(d)</sup> | &nbsp;&nbsp; 1970 | 1744300 |
| 2.68%, 01/27/33, (1-day SOFR + 1.02%)<sup>(d)</sup> | &nbsp;&nbsp; 2207 | 2009755 |
| 3.00%, 07/30/29 | &nbsp;&nbsp; 1817 | 1764152 |
| 3.90%, 04/26/28<sup>(a)</sup> | &nbsp;&nbsp; 1753 | 1760469 |
| 4.48%, 01/26/32, (1-day SOFR + 0.87%)<sup>(d)</sup> | &nbsp;&nbsp; 1705 | 1723887 |
| 4.55%, 07/22/28, (1-day SOFR + 1.66%)<sup>(d)</sup> | &nbsp;&nbsp; 6684 | 6741285 |
| 4.65%, 02/01/29, (1-day SOFR + 1.23%)<sup>(d)</sup> | &nbsp;&nbsp; 3210 | 3250935 |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(d)</sup> | &nbsp;&nbsp; 3740 | 3795117 |
| 4.97%, 07/22/33, (1-day SOFR + 2.11%)<sup>(d)</sup> | &nbsp;&nbsp; 2200 | 2240103 |
| 5.03%, 01/26/37, (1-day SOFR + 1.10%)<sup>(d)</sup> | &nbsp;&nbsp; 1550 | 1566669 |
| 5.05%, 02/12/31, (1-day SOFR + 1.06%)<sup>(d)</sup> | &nbsp;&nbsp; 2460 | 2541343 |
| 5.08%, 05/15/31, (1-day SOFR + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 1090 | 1127605 |
| 5.10%, 07/23/30, (1-day SOFR + 1.25%)<sup>(d)</sup> | &nbsp;&nbsp; 2180 | 2255959 |
| 5.38%, 01/23/30, (1-day SOFR + 1.56%)<sup>(d)</sup> | &nbsp;&nbsp; 2550 | 2645265 |
| 5.42%, 02/12/36, (1-day SOFR + 1.41%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1975 | 2072333 |
| 5.68%, 01/23/35, (1-day SOFR + 1.86%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2920 | 3099817 |
| 5.78%, 06/12/29, (1-day SOFR + 2.02%)<sup>(d)</sup> | &nbsp;&nbsp; 2835 | 2948389 |
| 5.84%, 06/12/34, (1-day SOFR + 2.26%)<sup>(d)</sup> | &nbsp;&nbsp; 2855 | 3066450 |
| 5.85%, 10/21/33, (1-day SOFR + 2.09%)<sup>(d)</sup> | &nbsp;&nbsp; 2680 | 2888346 |
| Series X, 3.15%, 04/27/27 | &nbsp;&nbsp; 1988 | 1976816 |
| UBS AG/London |  |  |
| 4.50%, 06/26/48 | &nbsp;&nbsp; 1940 | 1712260 |
| 5.65%, 09/11/28 | &nbsp;&nbsp; 2810 | 2931933 |
| UBS Group AG |  |  |
| 2.10%, 02/11/32, (1-year CMT + <br> 1.00%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 4042 | 3633949 |
| 2.75%, 02/11/33, (1-year CMT + 1.10%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3800 | 3438060 |
| 3.09%, 05/14/32, (1-day SOFR + 1.73%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 8468 | 7924079 |
| 3.13%, 08/13/30<sup>(b)(d)</sup> | &nbsp;&nbsp; 3045 | 2942819 |
| 3.18%, 02/11/43, (1-year CMT + <br> 1.10%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2585 | 1988412 |
| 3.87%, 01/12/29, (3-mo. SOFR US + <br> 1.67%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 3787 | 3774879 |
| 4.15%, 12/23/29, (1-day SOFR + 0.84%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3635 | 3636921 |
| 4.19%, 04/01/31, (1-day SOFR + 3.73%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 5651 | 5634871 |
| 4.21%, 04/10/30, (1-day SOFR + 0.84%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2750 | 2754892 |
| 4.25%, 03/23/28<sup>(b)</sup> | &nbsp;&nbsp; 5075 | 5090420 |
| 4.28%, 01/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4212 | 4222684 |
| 4.40%, 09/23/31, (1-day SOFR + 1.06%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2045 | 2050817 |
| 4.59%, 08/10/32, (1-day SOFR + 1.05%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2600 | 2610718 |
| 4.75%, 05/12/28, (1-year CMT + <br> 1.75%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2805 | 2827552 |
| 4.84%, 11/06/33, (1-day SOFR + 1.29%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2050 | 2067188 |
| 4.88%, 05/15/45<sup>(a)</sup> | &nbsp;&nbsp; 2788 | 2603162 |
| 4.99%, 08/05/33, (1-year CMT + 2.40%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2665 | 2717787 |
| 5.01%, 03/23/37, (1-day SOFR + 1.34%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2865 | 2855679 |
| 5.20%, 08/10/37, (1-day SOFR + 1.34%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1660 | 1675068 |
| 5.38%, 09/06/45, (1-year USD ICE Swap + <br> 1.86%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 3310 | 3279398 |
| 5.43%, 02/08/30, (1-year CMT + 1.52%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3460 | 3586294 |
| 5.53%, 05/06/47, (1-day SOFR + 1.49%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1240 | 1240699 |
| 5.58%, 05/09/36, (1-day SOFR + 1.76%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2855 | 2972007 |
| 5.62%, 09/13/30, (1-year USD ICE Swap + <br> 1.34%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2800 | 2931471 |
| 5.70%, 02/08/35, (1-year CMT + 1.77%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3940 | 4166671 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.96%, 01/12/34, (1-year CMT + 2.20%)<sup>(b)(d)</sup> | &nbsp;&nbsp; $3465 | $3722659 |
| 6.25%, 09/22/29, (1-year CMT + 1.80%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2260 | 2379050 |
| 6.30%, 09/22/34, (1-year CMT + 2.00%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3260 | 3575479 |
| 6.44%, 08/11/28, (1-day SOFR + 3.70%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 3650 | 3771498 |
| 6.54%, 08/12/33, (1-day SOFR + 3.92%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 6385 | 7056718 |
| 9.02%, 11/15/33, (1-day SOFR + 5.02%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2580 | 3229176 |
| UniCredit SpA |  |  |
| 3.13%, 06/03/32, (1-year CMT + 1.55%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2452 | 2297300 |
| 4.63%, 04/12/27<sup>(b)</sup> | &nbsp;&nbsp; 1000 | 1006610 |
| 5.46%, 06/30/35, (5-year CMT + 4.75%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1985 | 2040867 |
| 5.86%, 06/19/32, (5-year USD ICE Swap + <br> 3.70%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 1975 | 2008555 |
| 7.30%, 04/02/34, (5-year USD ICE Swap + <br> 4.91%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 1615 | 1732489 |
| United Overseas Bank Ltd. |  |  |
| 3.86%, 10/07/32, (5-year CMT + <br> 1.45%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1872 | 1863246 |
| 4.40%, 04/02/28<sup>(b)</sup> | &nbsp;&nbsp; 260 | 263744 |
| Wachovia Corp. |  |  |
| 5.50%, 08/01/35 | &nbsp;&nbsp; 1760 | 1828857 |
| 7.50%, 04/15/35 | &nbsp;&nbsp; 866 | 1024257 |
| Webster Financial Corp., 4.10%, 03/25/29 | &nbsp;&nbsp; 463 | 459588 |
| Wells Fargo & Co. |  |  |
| 2.39%, 06/02/28, (1-day SOFR + 2.10%)<sup>(d)</sup> | &nbsp;&nbsp; 6445 | 6318115 |
| 2.57%, 02/11/31, (3-mo. CME Term SOFR + <br> 1.26%)<sup>(d)</sup><br>| &nbsp;&nbsp; 7306 | 6876378 |
| 2.88%, 10/30/30, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(d)</sup><br>| &nbsp;&nbsp; 7282 | 6969648 |
| 3.07%, 04/30/41, (1-day SOFR + 2.53%)<sup>(d)</sup> | &nbsp;&nbsp; 7064 | 5514759 |
| 3.35%, 03/02/33, (1-day SOFR + 1.50%)<sup>(d)</sup> | &nbsp;&nbsp; 8266 | 7762322 |
| 3.53%, 03/24/28, (1-day SOFR + 1.51%)<sup>(d)</sup> | &nbsp;&nbsp; 7680 | 7640307 |
| 3.58%, 05/22/28, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5110 | 5082985 |
| 3.90%, 05/01/45 | &nbsp;&nbsp; 4050 | 3315040 |
| 4.08%, 09/15/29, (1-day SOFR + 0.88%)<sup>(d)</sup> | &nbsp;&nbsp; 5350 | 5351435 |
| 4.15%, 01/24/29 | &nbsp;&nbsp; 4282 | 4308181 |
| 4.18%, 01/23/30, (1-day SOFR + 0.74%)<sup>(d)</sup> | &nbsp;&nbsp; 4275 | 4290149 |
| 4.30%, 07/22/27 | &nbsp;&nbsp; 4383 | 4398654 |
| 4.40%, 06/14/46 | &nbsp;&nbsp; 5761 | 4850800 |
| 4.48%, 04/04/31, (3-mo. CME Term SOFR + <br> 4.03%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5145 | 5198134 |
| 4.61%, 04/25/53, (1-day SOFR + 2.13%)<sup>(d)</sup> | &nbsp;&nbsp; 6894 | 5944096 |
| 4.65%, 11/04/44 | &nbsp;&nbsp; 3223 | 2828373 |
| 4.75%, 12/07/46 | &nbsp;&nbsp; 4114 | 3643598 |
| 4.81%, 07/25/28, (1-day SOFR + 1.98%)<sup>(d)</sup> | &nbsp;&nbsp; 6065 | 6131584 |
| 4.89%, 09/15/36, (1-day SOFR + 1.34%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 3585 | 3595424 |
| 4.90%, 07/25/33, (1-day SOFR + 2.10%)<sup>(d)</sup> | &nbsp;&nbsp; 7451 | 7598475 |
| 4.90%, 11/17/45 | &nbsp;&nbsp; 3825 | 3454238 |
| 4.96%, 01/23/37, (1-day SOFR + 1.10%)<sup>(d)</sup> | &nbsp;&nbsp; 5600 | 5621294 |
| 4.97%, 04/23/29, (1-day SOFR + 1.37%)<sup>(d)</sup> | &nbsp;&nbsp; 4305 | 4389015 |
| 5.01%, 04/04/51, (3-mo. CME Term SOFR + <br> 4.50%)<sup>(d)</sup><br>| &nbsp;&nbsp; 10072 | 9214323 |
| 5.15%, 04/23/31, (1-day SOFR + 1.50%)<sup>(d)</sup> | &nbsp;&nbsp; 6515 | 6744556 |
| 5.20%, 01/23/30, (1-day SOFR + 1.50%)<sup>(d)</sup> | &nbsp;&nbsp; 5085 | 5242350 |
| 5.21%, 12/03/35, (1-day SOFR + 1.38%)<sup>(d)</sup> | &nbsp;&nbsp; 4800 | 4928663 |
| 5.24%, 01/24/31, (1-day SOFR + 1.11%)<sup>(d)</sup> | &nbsp;&nbsp; 4820 | 5000602 |
| 5.38%, 02/07/35 | &nbsp;&nbsp; 1170 | 1230295 |
| 5.38%, 11/02/43 | &nbsp;&nbsp; 3419 | 3336261 |
| 5.39%, 04/24/34, (1-day SOFR + 2.02%)<sup>(d)</sup> | &nbsp;&nbsp; 6350 | 6617365 |
| 5.43%, 01/23/47, (1-day SOFR + 1.23%)<sup>(d)</sup> | &nbsp;&nbsp; 5500 | 5445139 |
| 5.50%, 01/23/35, (1-day SOFR + 1.78%)<sup>(d)</sup> | &nbsp;&nbsp; 5960 | 6243137 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.56%, 07/25/34, (1-day SOFR + 1.99%)<sup>(a)(d)</sup> | &nbsp;&nbsp; $6745 | $7097575 |
| 5.57%, 07/25/29, (1-day SOFR + 1.74%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 9525 | 9854110 |
| 5.61%, 04/23/36, (1-day SOFR + 1.74%)<sup>(d)</sup> | &nbsp;&nbsp; 4615 | 4853733 |
| 5.61%, 01/15/44 | &nbsp;&nbsp; 4316 | 4302102 |
| 5.71%, 04/22/28, (1-day SOFR + 1.07%)<sup>(d)</sup> | &nbsp;&nbsp; 5650 | 5753443 |
| 5.95%, 12/01/86<sup>(a)</sup> | &nbsp;&nbsp; 1581 | 1674047 |
| 6.30%, 10/23/29, (1-day SOFR + 1.79%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 5410 | 5705504 |
| 6.49%, 10/23/34, (1-day SOFR + 2.06%)<sup>(d)</sup> | &nbsp;&nbsp; 5377 | 5970604 |
| Series B, 7.95%, 11/15/29 | &nbsp;&nbsp; 1015 | 1145598 |
| Wells Fargo Bank NA |  |  |
| 5.85%, 02/01/37<sup>(a)</sup> | &nbsp;&nbsp; 1315 | 1399715 |
| 5.95%, 08/26/36 | &nbsp;&nbsp; 1090 | 1172753 |
| 6.60%, 01/15/38 | &nbsp;&nbsp; 2305 | 2607680 |
| Westpac Banking Corp. |  |  |
| 1.95%, 11/20/28 | &nbsp;&nbsp; 1417 | 1352807 |
| 2.15%, 06/03/31 | &nbsp;&nbsp; 1738 | 1591777 |
| 2.65%, 01/16/30 | &nbsp;&nbsp; 1355 | 1297734 |
| 2.67%, 11/15/35, (5-year CMT + 1.75%)<sup>(d)</sup> | &nbsp;&nbsp; 2759 | 2535803 |
| 2.96%, 11/16/40 | &nbsp;&nbsp; 2016 | 1568264 |
| 3.02%, 11/18/36, (5-year CMT + 1.53%)<sup>(d)</sup> | &nbsp;&nbsp; 2102 | 1925286 |
| 3.13%, 11/18/41 | &nbsp;&nbsp; 2320 | 1799306 |
| 3.35%, 03/08/27 | &nbsp;&nbsp; 1499 | 1494463 |
| 3.40%, 01/25/28<sup>(a)</sup> | &nbsp;&nbsp; 1724 | 1717685 |
| 4.04%, 08/26/27 | &nbsp;&nbsp; 995 | 1001233 |
| 4.11%, 07/24/34, (5-year CMT + 2.00%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1942 | 1925302 |
| 4.35%, 07/01/30 | &nbsp;&nbsp; 1445 | 1471067 |
| 4.42%, 07/24/39 | &nbsp;&nbsp; 1523 | 1425153 |
| 5.05%, 04/16/29 | &nbsp;&nbsp; 1105 | 1148942 |
| 5.41%, 08/10/33, (1-year CMT + 2.68%)<sup>(d)</sup> | &nbsp;&nbsp; 1544 | 1609658 |
| 5.46%, 11/18/27 | &nbsp;&nbsp; 2025 | 2086437 |
| 5.54%, 11/17/28 | &nbsp;&nbsp; 1795 | 1877824 |
| 5.62%, 11/20/35, (1-year CMT + 1.20%)<sup>(d)</sup> | &nbsp;&nbsp; 2625 | 2747695 |
| 6.82%, 11/17/33 | &nbsp;&nbsp; 1465 | 1652890 |
| Westpac New Zealand Ltd. |  |  |
| 4.13%, 01/29/29<sup>(b)</sup> | &nbsp;&nbsp; 955 | 961277 |
| 4.22%, 09/16/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 600 | 603809 |
| 4.90%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1900 | 1939973 |
| 4.94%, 02/27/30<sup>(b)</sup> | &nbsp;&nbsp; 1190 | 1227225 |
| 5.20%, 02/28/29<sup>(b)</sup> | &nbsp;&nbsp; 1325 | 1371104 |
| Wintrust Financial Corp., 4.85%, 06/06/29<sup>(a)</sup> | &nbsp;&nbsp; 537 | 534855 |
| Woori Bank |  |  |
| 4.75%, 01/24/29<sup>(b)</sup> | &nbsp;&nbsp; 655 | 670999 |
| 4.88%, 01/26/28<sup>(b)</sup> | &nbsp;&nbsp; 570 | 581429 |
| 5.13%, 08/06/28<sup>(b)</sup> | &nbsp;&nbsp; 800 | 820125 |
| 6.38%, (5-year CMT + 2.28%)<sup>(b)(d)(e)</sup> | &nbsp;&nbsp; 250 | 260386 |
| Zions Bancorp N.A. |  |  |
| 3.25%, 10/29/29 | &nbsp;&nbsp; 815 | 775031 |
| 4.48%, 02/09/29, (1-day SOFR + 1.06%)<sup>(d)</sup> | &nbsp;&nbsp; 500 | 500173 |
| 4.70%, 08/18/28, (1-day SOFR + 1.16%)<sup>(d)</sup> | &nbsp;&nbsp; 850 | 854693 |
| 6.82%, 11/19/35, (1-day SOFR + 2.83%)<sup>(d)</sup> | &nbsp;&nbsp; 285 | 303477 |
|  |  | 3563494796 |
| **Beverages — 1.6%** | **Beverages — 1.6%** | **Beverages — 1.6%** |
| Anheuser-Busch <br> Companies LLC/Anheuser-Busch InBev <br> Worldwide, Inc.<br>|  |  |
| 4.70%, 02/01/36 | &nbsp;&nbsp; 9164 | 9187663 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 14950 | 14061909 |
| Anheuser-Busch InBev Finance, Inc. |  |  |
| 4.63%, 02/01/44 | &nbsp;&nbsp; 1180 | 1090431 |
| 4.70%, 02/01/36<sup>(a)</sup> | &nbsp;&nbsp; 1240 | 1243202 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 2578 | 2416821 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.50%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; $3302 | $3254333 |
| 3.75%, 07/15/42 | &nbsp;&nbsp; 500 | 417629 |
| 4.35%, 06/01/40<sup>(a)</sup> | &nbsp;&nbsp; 1065 | 984840 |
| 4.38%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 1085 | 1043788 |
| 4.44%, 10/06/48 | &nbsp;&nbsp; 3803 | 3332856 |
| 4.50%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1540 | 1425229 |
| 4.60%, 04/15/48<sup>(a)</sup> | &nbsp;&nbsp; 565 | 507999 |
| 4.60%, 06/01/60<sup>(a)</sup> | &nbsp;&nbsp; 195 | 163954 |
| 4.75%, 01/23/29<sup>(a)</sup> | &nbsp;&nbsp; 3810 | 3899631 |
| 4.75%, 04/15/58 | &nbsp;&nbsp; 1180 | 1054480 |
| 4.90%, 01/23/31<sup>(a)</sup> | &nbsp;&nbsp; 1394 | 1452760 |
| 4.95%, 01/15/42 | &nbsp;&nbsp; 3886 | 3772056 |
| 5.00%, 06/15/34 | &nbsp;&nbsp; 1910 | 1988990 |
| 5.45%, 01/23/39 | &nbsp;&nbsp; 3329 | 3493622 |
| 5.55%, 01/23/49 | &nbsp;&nbsp; 6495 | 6540835 |
| 5.80%, 01/23/59<sup>(a)</sup> | &nbsp;&nbsp; 3852 | 3997980 |
| 5.88%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 845 | 928717 |
| 6.63%, 08/15/33 | &nbsp;&nbsp; 765 | 871945 |
| 8.00%, 11/15/39 | &nbsp;&nbsp; 821 | 1064906 |
| 8.20%, 01/15/39<sup>(a)</sup> | &nbsp;&nbsp; 2134 | 2782280 |
| Bacardi Ltd. |  |  |
| 4.70%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp; 2635 | 2660305 |
| 5.15%, 05/15/38<sup>(a)(b)</sup> | &nbsp;&nbsp; 960 | 921471 |
| 5.30%, 05/15/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 1535 | 1405084 |
| Bacardi Ltd./Bacardi-Martini BV |  |  |
| 5.25%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1505 | 1539849 |
| 5.40%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 1152 | 1171957 |
| 5.90%, 06/15/43<sup>(a)(b)</sup> | &nbsp;&nbsp; 530 | 523573 |
| Bacardi-Martini BV |  |  |
| 5.55%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp; 655 | 679291 |
| 6.00%, 02/01/35<sup>(b)</sup> | &nbsp;&nbsp; 795 | 832153 |
| Becle SAB de CV, 2.50%, 10/14/31<sup>(b)</sup> | &nbsp;&nbsp; 1050 | 921122 |
| Brown-Forman Corp. |  |  |
| 3.75%, 01/15/43 | &nbsp;&nbsp; 545 | 449164 |
| 4.00%, 04/15/38 | &nbsp;&nbsp; 730 | 670775 |
| 4.50%, 07/15/45 | &nbsp;&nbsp; 1094 | 977154 |
| 4.75%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1015 | 1040585 |
| Cia Cervecerias Unidas SA, 3.35%, 01/19/32<sup>(b)</sup> | &nbsp;&nbsp; 530 | 483394 |
| Coca-Cola Co.(The) |  |  |
| 1.00%, 03/15/28 | &nbsp;&nbsp; 2165 | 2058410 |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 2771 | 2462931 |
| 1.45%, 06/01/27 | &nbsp;&nbsp; 2303 | 2244089 |
| 1.50%, 03/05/28 | &nbsp;&nbsp; 1360 | 1306865 |
| 1.65%, 06/01/30 | &nbsp;&nbsp; 2810 | 2574932 |
| 2.00%, 03/05/31 | &nbsp;&nbsp; 1674 | 1535519 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 1869 | 1775592 |
| 2.25%, 01/05/32 | &nbsp;&nbsp; 2745 | 2502986 |
| 2.50%, 06/01/40 | &nbsp;&nbsp; 2221 | 1688603 |
| 2.50%, 03/15/51 | &nbsp;&nbsp; 2360 | 1451546 |
| 2.60%, 06/01/50 | &nbsp;&nbsp; 2221 | 1408137 |
| 2.75%, 06/01/60 | &nbsp;&nbsp; 1407 | 843253 |
| 2.88%, 05/05/41 | &nbsp;&nbsp; 1547 | 1214375 |
| 2.90%, 05/25/27 | &nbsp;&nbsp; 717 | 711041 |
| 3.00%, 03/05/51 | &nbsp;&nbsp; 3060 | 2082135 |
| 3.38%, 03/25/27 | &nbsp;&nbsp; 1612 | 1609161 |
| 3.45%, 03/25/30 | &nbsp;&nbsp; 2183 | 2158118 |
| 4.20%, 03/25/50<sup>(a)</sup> | &nbsp;&nbsp; 1025 | 880121 |
| 4.65%, 08/14/34<sup>(a)</sup> | &nbsp;&nbsp; 1715 | 1773239 |
| 5.00%, 05/13/34<sup>(a)</sup> | &nbsp;&nbsp; 1810 | 1907118 |
| 5.20%, 01/14/55<sup>(a)</sup> | &nbsp;&nbsp; 2680 | 2634486 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 5.30%, 05/13/54 | &nbsp;&nbsp; $2050 | $2036862 |
| 5.40%, 05/13/64 | &nbsp;&nbsp; 3160 | 3127041 |
| Coca-Cola Consolidated, Inc. |  |  |
| 5.25%, 06/01/29 | &nbsp;&nbsp; 1520 | 1577821 |
| 5.45%, 06/01/34 | &nbsp;&nbsp; 1010 | 1071660 |
| Coca-Cola Femsa SAB de CV |  |  |
| 1.85%, 09/01/32 | &nbsp;&nbsp; 1240 | 1066908 |
| 2.75%, 01/22/30<sup>(a)</sup> | &nbsp;&nbsp; 2065 | 1971508 |
| 5.10%, 05/06/35 | &nbsp;&nbsp; 755 | 776895 |
| 5.25%, 11/26/43 | &nbsp;&nbsp; 535 | 541262 |
| Coca-Cola Icecek A/S, 4.50%, 01/20/29<sup>(b)</sup> | &nbsp;&nbsp; 510 | 504393 |
| Constellation Brands, Inc. |  |  |
| 2.25%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp; 2097 | 1885712 |
| 2.88%, 05/01/30 | &nbsp;&nbsp; 1598 | 1518876 |
| 3.15%, 08/01/29 | &nbsp;&nbsp; 1938 | 1883608 |
| 3.50%, 05/09/27<sup>(a)</sup> | &nbsp;&nbsp; 883 | 878679 |
| 3.60%, 02/15/28 | &nbsp;&nbsp; 1785 | 1773792 |
| 3.75%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1145 | 862882 |
| 4.10%, 02/15/48<sup>(a)</sup> | &nbsp;&nbsp; 1146 | 921728 |
| 4.35%, 05/09/27 | &nbsp;&nbsp; 840 | 843978 |
| 4.50%, 05/09/47 | &nbsp;&nbsp; 1077 | 927509 |
| 4.65%, 11/15/28 | &nbsp;&nbsp; 945 | 959387 |
| 4.75%, 05/09/32<sup>(a)</sup> | &nbsp;&nbsp; 1280 | 1301726 |
| 4.80%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1325 | 1352644 |
| 4.80%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 515 | 528079 |
| 4.90%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1735 | 1767331 |
| 4.95%, 11/01/35 | &nbsp;&nbsp; 400 | 400756 |
| 5.25%, 11/15/48<sup>(a)</sup> | &nbsp;&nbsp; 747 | 703620 |
| Diageo Capital PLC |  |  |
| 2.00%, 04/29/30 | &nbsp;&nbsp; 2215 | 2040704 |
| 2.13%, 04/29/32 | &nbsp;&nbsp; 1360 | 1198862 |
| 2.38%, 10/24/29 | &nbsp;&nbsp; 1793 | 1698563 |
| 3.88%, 05/18/28 | &nbsp;&nbsp; 1925 | 1928933 |
| 3.88%, 04/29/43<sup>(a)</sup> | &nbsp;&nbsp; 945 | 790136 |
| 5.30%, 10/24/27 | &nbsp;&nbsp; 1650 | 1688560 |
| 5.50%, 01/24/33 | &nbsp;&nbsp; 1400 | 1485489 |
| 5.63%, 10/05/33 | &nbsp;&nbsp; 1185 | 1270417 |
| 5.88%, 09/30/36<sup>(a)</sup> | &nbsp;&nbsp; 1173 | 1282098 |
| Diageo Investment Corp. |  |  |
| 4.25%, 05/11/42<sup>(a)</sup> | &nbsp;&nbsp; 808 | 718251 |
| 5.13%, 08/15/30 | &nbsp;&nbsp; 1880 | 1956557 |
| 5.63%, 04/15/35 | &nbsp;&nbsp; 1425 | 1518970 |
| 7.45%, 04/15/35 | &nbsp;&nbsp; 835 | 1014622 |
| Embotelladora Andina SA, 3.95%, 01/21/50<sup>(b)</sup> | &nbsp;&nbsp; 130 | 102311 |
| Fomento Economico Mexicano SAB de CV |  |  |
| 3.50%, 01/16/50 | &nbsp;&nbsp; 505 | 384825 |
| 4.38%, 05/10/43 | &nbsp;&nbsp; 190 | 172388 |
| Heineken NV |  |  |
| 3.50%, 01/29/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2492 | 2475429 |
| 4.00%, 10/01/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 841 | 721462 |
| 4.35%, 03/29/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 930 | 799742 |
| JDE Peet's NV, 2.25%, 09/24/31<sup>(b)</sup> | &nbsp;&nbsp; 1006 | 890197 |
| Keurig Dr Pepper, Inc. |  |  |
| 2.25%, 03/15/31 | &nbsp;&nbsp; 1419 | 1280446 |
| 3.20%, 05/01/30 | &nbsp;&nbsp; 1431 | 1370946 |
| 3.35%, 03/15/51 | &nbsp;&nbsp; 979 | 664831 |
| 3.43%, 06/15/27 | &nbsp;&nbsp; 1042 | 1034480 |
| 3.80%, 05/01/50 | &nbsp;&nbsp; 1565 | 1154815 |
| 3.95%, 04/15/29 | &nbsp;&nbsp; 2040 | 2028538 |
| 4.05%, 04/15/32 | &nbsp;&nbsp; 1305 | 1270569 |
| 4.35%, 05/15/28 | &nbsp;&nbsp; 815 | 819903 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 4.42%, 12/15/46 | &nbsp;&nbsp; $838 | $696400 |
| 4.50%, 11/15/45 | &nbsp;&nbsp; 931 | 795936 |
| 4.50%, 04/15/52<sup>(a)</sup> | &nbsp;&nbsp; 2062 | 1704761 |
| 4.60%, 05/25/28<sup>(a)</sup> | &nbsp;&nbsp; 1935 | 1954563 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 1275 | 1287763 |
| 5.05%, 03/15/29 | &nbsp;&nbsp; 1485 | 1521687 |
| 5.09%, 05/25/48 | &nbsp;&nbsp; 860 | 782139 |
| 5.10%, 03/15/27 | &nbsp;&nbsp; 575 | 581177 |
| 5.15%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1170 | 1185516 |
| 5.30%, 03/15/34 | &nbsp;&nbsp; 1030 | 1059788 |
| Series 10, 5.20%, 03/15/31 | &nbsp;&nbsp; 1289 | 1331859 |
| Molson Coors Beverage Co. |  |  |
| 4.20%, 07/15/46 | &nbsp;&nbsp; 3070 | 2496411 |
| 5.00%, 05/01/42<sup>(a)</sup> | &nbsp;&nbsp; 2297 | 2148714 |
| PepsiCo Singapore Financing I Pte Ltd. |  |  |
| 4.55%, 02/16/29 | &nbsp;&nbsp; 1055 | 1078122 |
| 4.70%, 02/16/34 | &nbsp;&nbsp; 620 | 630619 |
| PepsiCo, Inc. |  |  |
| 1.40%, 02/25/31<sup>(a)</sup> | &nbsp;&nbsp; 1692 | 1504281 |
| 1.63%, 05/01/30 | &nbsp;&nbsp; 1849 | 1691602 |
| 1.95%, 10/21/31 | &nbsp;&nbsp; 2415 | 2171702 |
| 2.63%, 03/19/27 | &nbsp;&nbsp; 860 | 850451 |
| 2.63%, 07/29/29 | &nbsp;&nbsp; 1919 | 1850377 |
| 2.63%, 10/21/41 | &nbsp;&nbsp; 1435 | 1067611 |
| 2.75%, 03/19/30 | &nbsp;&nbsp; 2769 | 2650406 |
| 2.75%, 10/21/51 | &nbsp;&nbsp; 1057 | 680943 |
| 2.88%, 10/15/49 | &nbsp;&nbsp; 1690 | 1142151 |
| 3.00%, 10/15/27 | &nbsp;&nbsp; 2522 | 2501682 |
| 3.38%, 07/29/49 | &nbsp;&nbsp; 961 | 709648 |
| 3.45%, 10/06/46 | &nbsp;&nbsp; 1372 | 1066321 |
| 3.50%, 03/19/40<sup>(a)</sup> | &nbsp;&nbsp; 710 | 613099 |
| 3.60%, 02/18/28 | &nbsp;&nbsp; 895 | 895160 |
| 3.60%, 08/13/42 | &nbsp;&nbsp; 535 | 444898 |
| 3.63%, 03/19/50 | &nbsp;&nbsp; 1862 | 1437716 |
| 3.88%, 03/19/60 | &nbsp;&nbsp; 1095 | 847151 |
| 3.90%, 07/18/32 | &nbsp;&nbsp; 2548 | 2528113 |
| 4.00%, 03/05/42 | &nbsp;&nbsp; 965 | 845789 |
| 4.00%, 05/02/47<sup>(a)</sup> | &nbsp;&nbsp; 1020 | 857839 |
| 4.10%, 01/15/29 | &nbsp;&nbsp; 1490 | 1505876 |
| 4.20%, 07/18/52 | &nbsp;&nbsp; 962 | 810478 |
| 4.25%, 10/22/44 | &nbsp;&nbsp; 205 | 181519 |
| 4.30%, 07/23/30<sup>(a)</sup> | &nbsp;&nbsp; 1270 | 1295490 |
| 4.45%, 02/07/28<sup>(a)</sup> | &nbsp;&nbsp; 1715 | 1741386 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 1003 | 1019666 |
| 4.45%, 02/15/33 | &nbsp;&nbsp; 1560 | 1601576 |
| 4.45%, 04/14/46<sup>(a)</sup> | &nbsp;&nbsp; 1805 | 1636104 |
| 4.50%, 07/17/29 | &nbsp;&nbsp; 1370 | 1402096 |
| 4.60%, 02/07/30 | &nbsp;&nbsp; 1300 | 1336674 |
| 4.60%, 07/17/45 | &nbsp;&nbsp; 482 | 448593 |
| 4.65%, 07/23/32 | &nbsp;&nbsp; 1720 | 1771390 |
| 4.65%, 02/15/53 | &nbsp;&nbsp; 900 | 810825 |
| 4.80%, 07/17/34<sup>(a)</sup> | &nbsp;&nbsp; 1400 | 1449614 |
| 4.88%, 11/01/40 | &nbsp;&nbsp; 770 | 772042 |
| 5.00%, 02/07/35<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 1864138 |
| 5.00%, 07/23/35 | &nbsp;&nbsp; 2200 | 2280188 |
| 5.25%, 07/17/54<sup>(a)</sup> | &nbsp;&nbsp; 1490 | 1481425 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 1110 | 1183378 |
| 7.00%, 03/01/29 | &nbsp;&nbsp; 602 | 657759 |
| Pernod Ricard International Finance LLC |  |  |
| 1.25%, 04/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1315 | 1242494 |
| 1.63%, 04/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2114 | 1867108 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 2.75%, 10/01/50<sup>(a)(b)</sup> | &nbsp;&nbsp; $845 | $522921 |
| Pernod Ricard SA, 5.50%, 01/15/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 1720 | 1734926 |
| Suntory Holdings Ltd., 5.12%, 06/11/29<sup>(b)</sup> | &nbsp;&nbsp; 1085 | 1117919 |
|  |  | 264373071 |
| **Biotechnology — 1.0%** | **Biotechnology — 1.0%** | **Biotechnology — 1.0%** |
| Amgen, Inc. |  |  |
| 1.65%, 08/15/28 | &nbsp;&nbsp; 2286 | 2172861 |
| 2.00%, 01/15/32 | &nbsp;&nbsp; 2165 | 1912616 |
| 2.30%, 02/25/31<sup>(a)</sup> | &nbsp;&nbsp; 2964 | 2724429 |
| 2.45%, 02/21/30 | &nbsp;&nbsp; 2513 | 2370699 |
| 2.77%, 09/01/53 | &nbsp;&nbsp; 1726 | 1055467 |
| 2.80%, 08/15/41<sup>(a)</sup> | &nbsp;&nbsp; 1275 | 957534 |
| 3.00%, 02/22/29 | &nbsp;&nbsp; 2040 | 1990879 |
| 3.00%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 755 | 502188 |
| 3.15%, 02/21/40 | &nbsp;&nbsp; 2690 | 2164521 |
| 3.20%, 11/02/27 | &nbsp;&nbsp; 1660 | 1645207 |
| 3.35%, 02/22/32 | &nbsp;&nbsp; 1920 | 1830028 |
| 3.38%, 02/21/50 | &nbsp;&nbsp; 1439 | 1047678 |
| 4.05%, 08/18/29 | &nbsp;&nbsp; 2235 | 2246615 |
| 4.20%, 02/19/31<sup>(a)</sup> | &nbsp;&nbsp; 1385 | 1389093 |
| 4.20%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1700 | 1680574 |
| 4.20%, 02/22/52 | &nbsp;&nbsp; 1498 | 1214085 |
| 4.40%, 05/01/45 | &nbsp;&nbsp; 4392 | 3844270 |
| 4.40%, 02/22/62 | &nbsp;&nbsp; 2310 | 1843339 |
| 4.56%, 06/15/48 | &nbsp;&nbsp; 3205 | 2803062 |
| 4.66%, 06/15/51 | &nbsp;&nbsp; 6009 | 5246107 |
| 4.85%, 02/19/36<sup>(a)</sup> | &nbsp;&nbsp; 810 | 814381 |
| 4.88%, 03/01/53 | &nbsp;&nbsp; 1815 | 1622106 |
| 4.95%, 10/01/41 | &nbsp;&nbsp; 1386 | 1330177 |
| 5.15%, 03/02/28 | &nbsp;&nbsp; 6715 | 6876705 |
| 5.15%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 2040 | 1999918 |
| 5.25%, 03/02/30 | &nbsp;&nbsp; 5305 | 5536048 |
| 5.25%, 03/02/33 | &nbsp;&nbsp; 7740 | 8104358 |
| 5.50%, 02/19/46 | &nbsp;&nbsp; 1800 | 1790976 |
| 5.60%, 03/02/43 | &nbsp;&nbsp; 4665 | 4767764 |
| 5.65%, 06/15/42<sup>(a)</sup> | &nbsp;&nbsp; 1255 | 1296409 |
| 5.65%, 03/02/53 | &nbsp;&nbsp; 7285 | 7272021 |
| 5.65%, 02/19/56 | &nbsp;&nbsp; 430 | 429173 |
| 5.75%, 03/15/40<sup>(a)</sup> | &nbsp;&nbsp; 650 | 688514 |
| 5.75%, 03/02/63 | &nbsp;&nbsp; 4769 | 4727035 |
| 6.38%, 06/01/37 | &nbsp;&nbsp; 1069 | 1204455 |
| 6.40%, 02/01/39 | &nbsp;&nbsp; 1110 | 1244634 |
| 6.90%, 06/01/38<sup>(a)</sup> | &nbsp;&nbsp; 415 | 480098 |
| Baxalta, Inc., 5.25%, 06/23/45 | &nbsp;&nbsp; 786 | 763864 |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/30 | &nbsp;&nbsp; 3971 | 3683447 |
| 3.15%, 05/01/50 | &nbsp;&nbsp; 2456 | 1616116 |
| 3.25%, 02/15/51 | &nbsp;&nbsp; 1371 | 910121 |
| 5.05%, 01/15/31 | &nbsp;&nbsp; 725 | 752478 |
| 5.20%, 09/15/45 | &nbsp;&nbsp; 2159 | 2021954 |
| 5.75%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 990 | 1055691 |
| 6.45%, 05/15/55 | &nbsp;&nbsp; 1130 | 1212320 |
| Bio-Rad Laboratories, Inc. |  |  |
| 3.30%, 03/15/27 | &nbsp;&nbsp; 688 | 683233 |
| 3.70%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1350 | 1286815 |
| CSL Finance PLC |  |  |
| 3.85%, 04/27/27<sup>(b)</sup> | &nbsp;&nbsp; 887 | 887479 |
| 4.05%, 04/27/29<sup>(b)</sup> | &nbsp;&nbsp; 1825 | 1830130 |
| 4.25%, 04/27/32<sup>(b)</sup> | &nbsp;&nbsp; 1690 | 1681844 |
| 4.63%, 04/27/42<sup>(b)</sup> | &nbsp;&nbsp; 1195 | 1098245 |
| 4.75%, 04/27/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 1960 | 1727571 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology (continued)** | **Biotechnology (continued)** | **Biotechnology (continued)** |
| 4.95%, 04/27/62<sup>(b)</sup> | &nbsp;&nbsp; $945 | $840097 |
| 5.11%, 04/03/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1470 | 1522078 |
| 5.42%, 04/03/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 1100 | 1070865 |
| Gilead Sciences, Inc. |  |  |
| 1.20%, 10/01/27 | &nbsp;&nbsp; 1622 | 1559981 |
| 1.65%, 10/01/30 | &nbsp;&nbsp; 2073 | 1874144 |
| 2.60%, 10/01/40 | &nbsp;&nbsp; 1826 | 1367834 |
| 2.80%, 10/01/50<sup>(a)</sup> | &nbsp;&nbsp; 3142 | 2019432 |
| 4.00%, 09/01/36 | &nbsp;&nbsp; 1431 | 1350179 |
| 4.15%, 03/01/47 | &nbsp;&nbsp; 2981 | 2508827 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 2773 | 2480751 |
| 4.60%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1694 | 1692541 |
| 4.75%, 03/01/46 | &nbsp;&nbsp; 3688 | 3378135 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 1375 | 1417260 |
| 4.80%, 04/01/44 | &nbsp;&nbsp; 3304 | 3091226 |
| 5.10%, 06/15/35 | &nbsp;&nbsp; 1770 | 1832393 |
| 5.25%, 10/15/33 | &nbsp;&nbsp; 760 | 802035 |
| 5.50%, 11/15/54 | &nbsp;&nbsp; 1645 | 1639609 |
| 5.55%, 10/15/53<sup>(a)</sup> | &nbsp;&nbsp; 2041 | 2050387 |
| 5.60%, 11/15/64 | &nbsp;&nbsp; 1415 | 1416759 |
| 5.65%, 12/01/41 | &nbsp;&nbsp; 2283 | 2392558 |
| Illumina, Inc. |  |  |
| 2.55%, 03/23/31 | &nbsp;&nbsp; 1139 | 1045301 |
| 4.75%, 12/12/30 | &nbsp;&nbsp; 670 | 680664 |
| 5.75%, 12/13/27 | &nbsp;&nbsp; 1295 | 1333016 |
| Regeneron Pharmaceuticals, Inc. |  |  |
| 1.75%, 09/15/30 | &nbsp;&nbsp; 2424 | 2184903 |
| 2.80%, 09/15/50 | &nbsp;&nbsp; 1692 | 1050865 |
| Royalty Pharma PLC |  |  |
| 1.75%, 09/02/27 | &nbsp;&nbsp; 1874 | 1813905 |
| 2.15%, 09/02/31<sup>(a)</sup> | &nbsp;&nbsp; 989 | 883821 |
| 2.20%, 09/02/30 | &nbsp;&nbsp; 2008 | 1843697 |
| 3.30%, 09/02/40 | &nbsp;&nbsp; 1807 | 1427260 |
| 3.35%, 09/02/51 | &nbsp;&nbsp; 1315 | 889629 |
| 3.55%, 09/02/50 | &nbsp;&nbsp; 1986 | 1407259 |
| 4.45%, 03/25/31 | &nbsp;&nbsp; 1295 | 1303151 |
| 5.15%, 09/02/29 | &nbsp;&nbsp; 1145 | 1183930 |
| 5.20%, 09/25/35 | &nbsp;&nbsp; 1885 | 1915628 |
| 5.40%, 09/02/34 | &nbsp;&nbsp; 1260 | 1303936 |
| 5.90%, 09/02/54 | &nbsp;&nbsp; 985 | 989543 |
| 5.95%, 09/25/55 | &nbsp;&nbsp; 1035 | 1047651 |
|  |  | 170648582 |
| **Building Materials — 0.6%** | **Building Materials — 0.6%** | **Building Materials — 0.6%** |
| Amrize Finance U.S. LLC |  |  |
| 4.70%, 04/07/28 | &nbsp;&nbsp; 780 | 792075 |
| 4.75%, 09/22/46 | &nbsp;&nbsp; 655 | 596707 |
| 4.95%, 04/07/30 | &nbsp;&nbsp; 615 | 632730 |
| 5.40%, 04/07/35<sup>(a)</sup> | &nbsp;&nbsp; 1970 | 2060136 |
| 7.13%, 07/15/36 | &nbsp;&nbsp; 823 | 964188 |
| Carlisle Companies, Inc. |  |  |
| 2.20%, 03/01/32 | &nbsp;&nbsp; 1125 | 994821 |
| 2.75%, 03/01/30 | &nbsp;&nbsp; 1695 | 1609891 |
| 3.75%, 12/01/27 | &nbsp;&nbsp; 640 | 637963 |
| 5.25%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 660 | 681121 |
| 5.55%, 09/15/40<sup>(a)</sup> | &nbsp;&nbsp; 360 | 372688 |
| Carrier Global Corp. |  |  |
| 2.70%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1785 | 1672455 |
| 2.72%, 02/15/30 | &nbsp;&nbsp; 4199 | 3990182 |
| 3.38%, 04/05/40 | &nbsp;&nbsp; 2748 | 2252170 |
| 3.58%, 04/05/50 | &nbsp;&nbsp; 2804 | 2099400 |
| 5.90%, 03/15/34 | &nbsp;&nbsp; 1960 | 2120540 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| 6.20%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; $1190 | $1309547 |
| Cemex SAB de CV |  |  |
| 3.88%, 07/11/31<sup>(b)</sup> | &nbsp;&nbsp; 1350 | 1294586 |
| 5.20%, 09/17/30<sup>(b)</sup> | &nbsp;&nbsp; 1020 | 1034473 |
| 5.45%, 11/19/29<sup>(b)</sup> | &nbsp;&nbsp; 150 | 152189 |
| CRH America Finance, Inc. |  |  |
| 3.40%, 05/09/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1063 | 1057538 |
| 3.95%, 04/04/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1982 | 1981802 |
| 4.40%, 02/09/31 | &nbsp;&nbsp; 1545 | 1556516 |
| 4.40%, 05/09/47<sup>(b)</sup> | &nbsp;&nbsp; 295 | 251796 |
| 4.50%, 04/04/48<sup>(b)</sup> | &nbsp;&nbsp; 990 | 858602 |
| 5.00%, 02/09/36<sup>(a)</sup> | &nbsp;&nbsp; 1805 | 1831319 |
| 5.40%, 05/21/34 | &nbsp;&nbsp; 1580 | 1653964 |
| 5.50%, 01/09/35 | &nbsp;&nbsp; 2010 | 2117072 |
| 5.60%, 02/09/56 | &nbsp;&nbsp; 970 | 969613 |
| 5.88%, 01/09/55<sup>(a)</sup> | &nbsp;&nbsp; 960 | 997526 |
| CRH America, Inc., 5.13%, 05/18/45<sup>(b)</sup> | &nbsp;&nbsp; 915 | 877392 |
| CRH SMW Finance DAC |  |  |
| 5.13%, 01/09/30 | &nbsp;&nbsp; 1810 | 1873385 |
| 5.20%, 05/21/29 | &nbsp;&nbsp; 1535 | 1591225 |
| Eagle Materials, Inc. |  |  |
| 2.50%, 07/01/31 | &nbsp;&nbsp; 1035 | 948416 |
| 5.00%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 740 | 732909 |
| Fortune Brands Innovations, Inc. |  |  |
| 3.25%, 09/15/29 | &nbsp;&nbsp; 1396 | 1355315 |
| 4.00%, 03/25/32 | &nbsp;&nbsp; 745 | 723955 |
| 4.50%, 03/25/52<sup>(a)</sup> | &nbsp;&nbsp; 795 | 646478 |
| 5.88%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1132 | 1212139 |
| GCC SAB de CV, 3.61%, 04/20/32<sup>(b)</sup> | &nbsp;&nbsp; 415 | 389757 |
| JH North America Holdings, Inc. |  |  |
| 5.88%, 01/31/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 150 | 153197 |
| 6.13%, 07/31/32<sup>(b)</sup> | &nbsp;&nbsp; 1700 | 1744802 |
| Johnson Controls International PLC |  |  |
| 4.50%, 02/15/47 | &nbsp;&nbsp; 868 | 766655 |
| 4.63%, 07/02/44 | &nbsp;&nbsp; 759 | 685802 |
| 4.95%, 07/02/64<sup>(c)</sup> | &nbsp;&nbsp; 536 | 475370 |
| 6.00%, 01/15/36 | &nbsp;&nbsp; 739 | 807877 |
| Johnson Controls International PLC/Tyco Fire & <br> Security Finance SCA<br>|  |  |
| 1.75%, 09/15/30 | &nbsp;&nbsp; 1366 | 1238694 |
| 2.00%, 09/16/31<sup>(a)</sup> | &nbsp;&nbsp; 1050 | 935887 |
| 4.90%, 12/01/32 | &nbsp;&nbsp; 1430 | 1470753 |
| 5.50%, 04/19/29 | &nbsp;&nbsp; 1430 | 1495620 |
| Lennox International, Inc. |  |  |
| 1.70%, 08/01/27 | &nbsp;&nbsp; 660 | 640071 |
| 5.50%, 09/15/28 | &nbsp;&nbsp; 1065 | 1102201 |
| Louisiana-Pacific Corp., 3.63%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9728 |
| Martin Marietta Materials, Inc. |  |  |
| 2.40%, 07/15/31 | &nbsp;&nbsp; 2021 | 1838349 |
| 3.20%, 07/15/51 | &nbsp;&nbsp; 1890 | 1286932 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 489 | 486369 |
| 3.50%, 12/15/27 | &nbsp;&nbsp; 1021 | 1013988 |
| 4.25%, 12/15/47 | &nbsp;&nbsp; 885 | 742555 |
| 5.15%, 12/01/34<sup>(a)</sup> | &nbsp;&nbsp; 890 | 918684 |
| 5.50%, 12/01/54 | &nbsp;&nbsp; 1195 | 1173415 |
| Series CB, 2.50%, 03/15/30 | &nbsp;&nbsp; 1235 | 1164255 |
| Masco Corp. |  |  |
| 1.50%, 02/15/28 | &nbsp;&nbsp; 1409 | 1344193 |
| 2.00%, 10/01/30 | &nbsp;&nbsp; 861 | 780609 |
| 2.00%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1280 | 1150711 |
| 3.13%, 02/15/51<sup>(a)</sup> | &nbsp;&nbsp; 512 | 344857 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| 3.50%, 11/15/27 | &nbsp;&nbsp; $582 | $578152 |
| 4.50%, 05/15/47<sup>(a)</sup> | &nbsp;&nbsp; 849 | 735570 |
| Mohawk Industries, Inc. |  |  |
| 3.63%, 05/15/30 | &nbsp;&nbsp; 200 | 195600 |
| 5.85%, 09/18/28 | &nbsp;&nbsp; 680 | 708465 |
| Owens Corning |  |  |
| 3.50%, 02/15/30 | &nbsp;&nbsp; 480 | 469098 |
| 3.88%, 06/01/30 | &nbsp;&nbsp; 800 | 791190 |
| 3.95%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1993 | 1984787 |
| 4.30%, 07/15/47 | &nbsp;&nbsp; 1101 | 910154 |
| 4.40%, 01/30/48 | &nbsp;&nbsp; 1121 | 944638 |
| 5.50%, 06/15/27 | &nbsp;&nbsp; 630 | 641527 |
| 5.70%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 985 | 1044877 |
| 5.95%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1040 | 1076658 |
| 7.00%, 12/01/36 | &nbsp;&nbsp; 654 | 751346 |
| St Marys Cement, Inc./Canada, 5.75%, <br> 04/02/34<sup>(b)</sup><br>| &nbsp;&nbsp; 150 | 156136 |
| Trane Technologies Financing Ltd. |  |  |
| 3.80%, 03/21/29 | &nbsp;&nbsp; 1944 | 1943903 |
| 4.50%, 03/21/49 | &nbsp;&nbsp; 684 | 601391 |
| 4.65%, 11/01/44<sup>(a)</sup> | &nbsp;&nbsp; 471 | 434756 |
| 5.10%, 06/13/34 | &nbsp;&nbsp; 1105 | 1153259 |
| 5.25%, 03/03/33 | &nbsp;&nbsp; 1260 | 1332181 |
| Trane Technologies Holdco, Inc. |  |  |
| 3.75%, 08/21/28 | &nbsp;&nbsp; 1099 | 1101557 |
| 4.30%, 02/21/48 | &nbsp;&nbsp; 450 | 390772 |
| 5.75%, 06/15/43 | &nbsp;&nbsp; 909 | 964695 |
| UltraTech Cement Ltd., 2.80%, 02/16/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 575 | 535699 |
| Votorantim Cimentos International SA, 7.25%, <br> 04/05/41<sup>(b)</sup><br>| &nbsp;&nbsp; 335 | 379337 |
| Vulcan Materials Co. |  |  |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 1625 | 1589194 |
| 3.90%, 04/01/27<sup>(a)</sup> | &nbsp;&nbsp; 733 | 732943 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 1316 | 1147001 |
| 4.70%, 03/01/48 | &nbsp;&nbsp; 987 | 884241 |
| 4.95%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1335 | 1375750 |
| 5.35%, 12/01/34 | &nbsp;&nbsp; 1230 | 1282924 |
| 5.70%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1315 | 1326184 |
|  |  | 100830140 |
| **Chemicals — 1.2%** | **Chemicals — 1.2%** | **Chemicals — 1.2%** |
| Air Liquide Finance SA |  |  |
| 2.25%, 09/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1588 | 1502927 |
| 3.50%, 09/27/46<sup>(a)(b)</sup> | &nbsp;&nbsp; 1102 | 852494 |
| Air Products and Chemicals, Inc. |  |  |
| 1.85%, 05/15/27 | &nbsp;&nbsp; 1248 | 1222572 |
| 2.05%, 05/15/30 | &nbsp;&nbsp; 1549 | 1435899 |
| 2.70%, 05/15/40 | &nbsp;&nbsp; 1411 | 1080547 |
| 2.80%, 05/15/50 | &nbsp;&nbsp; 824 | 539435 |
| 4.30%, 06/11/28<sup>(a)</sup> | &nbsp;&nbsp; 1700 | 1720995 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 1946 | 1990576 |
| 4.75%, 02/08/31<sup>(a)</sup> | &nbsp;&nbsp; 1300 | 1342718 |
| 4.80%, 03/03/33<sup>(a)</sup> | &nbsp;&nbsp; 1185 | 1221524 |
| 4.85%, 02/08/34<sup>(a)</sup> | &nbsp;&nbsp; 1924 | 1975194 |
| 4.90%, 10/11/32 | &nbsp;&nbsp; 895 | 927559 |
| Albemarle Corp. |  |  |
| 4.65%, 06/01/27<sup>(a)</sup> | &nbsp;&nbsp; 1175 | 1183599 |
| 5.05%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1370 | 1395197 |
| 5.45%, 12/01/44<sup>(a)</sup> | &nbsp;&nbsp; 620 | 584609 |
| 5.65%, 06/01/52 | &nbsp;&nbsp; 940 | 862104 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Bayport Polymers LLC |  |  |
| 4.74%, 04/14/27<sup>(b)</sup> | &nbsp;&nbsp; $175 | $175670 |
| 5.14%, 04/14/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 600 | 595990 |
| Cabot Corp. |  |  |
| 4.00%, 07/01/29 | &nbsp;&nbsp; 1036 | 1034506 |
| 5.00%, 06/30/32 | &nbsp;&nbsp; 745 | 762909 |
| CF Industries, Inc. |  |  |
| 4.95%, 06/01/43 | &nbsp;&nbsp; 1710 | 1570427 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 1545 | 1573426 |
| 5.30%, 11/26/35<sup>(a)</sup> | &nbsp;&nbsp; 1670 | 1698831 |
| 5.38%, 03/15/44 | &nbsp;&nbsp; 1265 | 1212599 |
| Chevron Phillips Chemical Co. LLC/Chevron <br> Phillips Chemical Co. LP<br>|  |  |
| 3.70%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 1500 | 1487734 |
| 4.75%, 05/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 660 | 674276 |
| Dow Chemical Co.(The) |  |  |
| 2.10%, 11/15/30 | &nbsp;&nbsp; 1928 | 1718329 |
| 3.60%, 11/15/50 | &nbsp;&nbsp; 2100 | 1365584 |
| 4.25%, 10/01/34 | &nbsp;&nbsp; 1237 | 1143735 |
| 4.38%, 11/15/42 | &nbsp;&nbsp; 2204 | 1744308 |
| 4.63%, 10/01/44<sup>(a)</sup> | &nbsp;&nbsp; 1140 | 920961 |
| 4.80%, 11/30/28<sup>(a)</sup> | &nbsp;&nbsp; 1579 | 1604633 |
| 4.80%, 01/15/31 | &nbsp;&nbsp; 2900 | 2893281 |
| 4.80%, 05/15/49<sup>(a)</sup> | &nbsp;&nbsp; 970 | 758210 |
| 5.15%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1935 | 1920994 |
| 5.25%, 11/15/41 | &nbsp;&nbsp; 1358 | 1218359 |
| 5.35%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1715 | 1705632 |
| 5.55%, 11/30/48<sup>(a)</sup> | &nbsp;&nbsp; 2191 | 1930494 |
| 5.60%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1205 | 1043138 |
| 5.65%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1215 | 1217754 |
| 5.95%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1345 | 1218129 |
| 6.30%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1565 | 1662351 |
| 6.90%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1795 | 1837843 |
| 7.38%, 11/01/29 | &nbsp;&nbsp; 1644 | 1807140 |
| 9.40%, 05/15/39 | &nbsp;&nbsp; 1013 | 1302147 |
| DuPont de Nemours, Inc. |  |  |
| 4.73%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp; 2913 | 2953795 |
| 5.32%, 11/15/38 | &nbsp;&nbsp; 1686 | 1711636 |
| 5.42%, 11/15/48 | &nbsp;&nbsp; 810 | 774682 |
| Eastman Chemical Co. |  |  |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 1720 | 1738964 |
| 4.50%, 02/20/31 | &nbsp;&nbsp; 815 | 814939 |
| 4.65%, 10/15/44<sup>(a)</sup> | &nbsp;&nbsp; 1880 | 1634561 |
| 4.80%, 09/01/42<sup>(a)</sup> | &nbsp;&nbsp; 1059 | 960491 |
| 5.00%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1630 | 1672903 |
| 5.63%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 1325 | 1383491 |
| 5.75%, 03/08/33<sup>(a)</sup> | &nbsp;&nbsp; 1180 | 1254873 |
| Ecolab, Inc. |  |  |
| 1.30%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 1795 | 1580844 |
| 2.13%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1060 | 950733 |
| 2.13%, 08/15/50 | &nbsp;&nbsp; 532 | 297788 |
| 2.70%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1625 | 1024657 |
| 2.75%, 08/18/55 | &nbsp;&nbsp; 1228 | 756542 |
| 3.25%, 12/01/27 | &nbsp;&nbsp; 1049 | 1042668 |
| 3.95%, 12/01/47<sup>(a)</sup> | &nbsp;&nbsp; 905 | 755122 |
| 4.30%, 06/15/28 | &nbsp;&nbsp; 270 | 273168 |
| 4.80%, 03/24/30 | &nbsp;&nbsp; 1246 | 1282877 |
| 5.00%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1080 | 1115091 |
| 5.25%, 01/15/28 | &nbsp;&nbsp; 994 | 1021430 |
| 5.50%, 12/08/41<sup>(a)</sup> | &nbsp;&nbsp; 625 | 661848 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| EIDP, Inc. |  |  |
| 2.30%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; $1023 | $956946 |
| 4.80%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 785 | 794613 |
| 5.13%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 915 | 950777 |
| GC Treasury Center Co. Ltd. |  |  |
| 2.98%, 03/18/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1032 | 941605 |
| 4.30%, 03/18/51<sup>(b)</sup> | &nbsp;&nbsp; 25 | 20822 |
| 4.40%, 03/30/32<sup>(b)</sup> | &nbsp;&nbsp; 285 | 276469 |
| International Flavors & Fragrances, Inc. |  |  |
| 1.83%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp; 1076 | 1038764 |
| 2.30%, 11/01/30<sup>(b)</sup> | &nbsp;&nbsp; 1557 | 1419864 |
| 3.27%, 11/15/40<sup>(b)</sup> | &nbsp;&nbsp; 696 | 546573 |
| 3.47%, 12/01/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1402 | 987310 |
| 4.38%, 06/01/47 | &nbsp;&nbsp; 725 | 600192 |
| 4.45%, 09/26/28 | &nbsp;&nbsp; 1090 | 1098306 |
| 5.00%, 09/26/48 | &nbsp;&nbsp; 1271 | 1147156 |
| Kraton Corp., 5.00%, 07/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 615 | 624465 |
| LG Chem Ltd. |  |  |
| 2.38%, 07/07/31<sup>(b)</sup> | &nbsp;&nbsp; 805 | 726754 |
| 3.63%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 265 | 260255 |
| Linde, Inc./CT |  |  |
| 1.10%, 08/10/30<sup>(a)</sup> | &nbsp;&nbsp; 1658 | 1474817 |
| 2.00%, 08/10/50 | &nbsp;&nbsp; 678 | 369982 |
| 3.55%, 11/07/42 | &nbsp;&nbsp; 1050 | 859493 |
| Lubrizol Corp. (The), 6.50%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 710 | 812241 |
| LYB Finance Co. BV, 8.10%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp; 805 | 837800 |
| LYB International Finance BV |  |  |
| 4.88%, 03/15/44<sup>(a)</sup> | &nbsp;&nbsp; 1747 | 1463353 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 1448 | 1268379 |
| LYB International Finance II BV, 3.50%, <br> 03/02/27<br>| &nbsp;&nbsp; 200 | 199235 |
| LYB International Finance III LLC |  |  |
| 2.25%, 10/01/30 | &nbsp;&nbsp; 2495 | 2254300 |
| 3.38%, 10/01/40 | &nbsp;&nbsp; 1625 | 1203408 |
| 3.63%, 04/01/51 | &nbsp;&nbsp; 1947 | 1271162 |
| 3.80%, 10/01/60<sup>(a)</sup> | &nbsp;&nbsp; 1389 | 877581 |
| 4.20%, 10/15/49 | &nbsp;&nbsp; 2308 | 1674195 |
| 4.20%, 05/01/50 | &nbsp;&nbsp; 1861 | 1341179 |
| 5.13%, 01/15/31 | &nbsp;&nbsp; 760 | 772830 |
| 5.50%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1620 | 1632661 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 1080 | 1103385 |
| 5.88%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 340 | 343738 |
| 6.15%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1125 | 1169175 |
| LyondellBasell Industries NV, 4.63%, <br> 02/26/55<sup>(a)</sup><br>| &nbsp;&nbsp; 1675 | 1291107 |
| Ma'aden Sukuk Ltd. |  |  |
| 5.25%, 02/13/30<sup>(b)</sup> | &nbsp;&nbsp; 625 | 641797 |
| 5.25%, 01/29/36<sup>(b)</sup> | &nbsp;&nbsp; 1700 | 1720910 |
| 5.50%, 02/13/35<sup>(b)</sup> | &nbsp;&nbsp; 910 | 938674 |
| MEGlobal BV, 2.63%, 04/28/28<sup>(b)</sup> | &nbsp;&nbsp; 385 | 370324 |
| MEGlobal Canada ULC, 5.88%, 05/18/30<sup>(b)</sup> | &nbsp;&nbsp; 860 | 902226 |
| Mosaic Co.(The) |  |  |
| 4.05%, 11/15/27 | &nbsp;&nbsp; 904 | 904783 |
| 4.35%, 01/15/29 | &nbsp;&nbsp; 310 | 312600 |
| 4.60%, 11/15/30 | &nbsp;&nbsp; 195 | 197454 |
| 4.88%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 480 | 441307 |
| 5.38%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1150 | 1187792 |
| 5.45%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1037 | 1076649 |
| 5.63%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 1005 | 984179 |
| NewMarket Corp., 2.70%, 03/18/31 | &nbsp;&nbsp; 900 | 830234 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Nutrien Ltd. |  |  |
| 2.95%, 05/13/30 | &nbsp;&nbsp; $690 | $658095 |
| 3.95%, 05/13/50 | &nbsp;&nbsp; 865 | 672879 |
| 4.13%, 03/15/35 | &nbsp;&nbsp; 1569 | 1476691 |
| 4.20%, 04/01/29 | &nbsp;&nbsp; 1550 | 1555791 |
| 4.50%, 03/12/27 | &nbsp;&nbsp; 575 | 578454 |
| 4.90%, 03/27/28<sup>(a)</sup> | &nbsp;&nbsp; 1555 | 1583179 |
| 4.90%, 06/01/43 | &nbsp;&nbsp; 762 | 704024 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 1425 | 1304588 |
| 5.20%, 06/21/27 | &nbsp;&nbsp; 725 | 736317 |
| 5.25%, 03/12/32 | &nbsp;&nbsp; 1100 | 1148741 |
| 5.25%, 01/15/45 | &nbsp;&nbsp; 1303 | 1258060 |
| 5.40%, 06/21/34<sup>(a)</sup> | &nbsp;&nbsp; 810 | 845961 |
| 5.63%, 12/01/40 | &nbsp;&nbsp; 372 | 378463 |
| 5.80%, 03/27/53<sup>(a)</sup> | &nbsp;&nbsp; 1495 | 1528558 |
| 5.88%, 12/01/36 | &nbsp;&nbsp; 1012 | 1076631 |
| 6.13%, 01/15/41 | &nbsp;&nbsp; 590 | 630434 |
| OCP SA |  |  |
| 6.10%, 04/30/30<sup>(b)</sup> | &nbsp;&nbsp; 2000 | 2089997 |
| 6.70%, 03/01/36<sup>(b)</sup> | &nbsp;&nbsp; 2000 | 2156499 |
| 6.75%, 05/02/34<sup>(b)</sup> | &nbsp;&nbsp; 2000 | 2166255 |
| 7.50%, 05/02/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 1650 | 1855082 |
| Orbia Advance Corp. SAB de CV |  |  |
| 2.88%, 05/11/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1120 | 929600 |
| 5.50%, 01/15/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 1057 | 789639 |
| 5.88%, 09/17/44<sup>(b)</sup> | &nbsp;&nbsp; 1415 | 1146348 |
| 6.75%, 09/19/42<sup>(b)</sup> | &nbsp;&nbsp; 1085 | 952837 |
| 7.50%, 05/13/35<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20153 |
| PPG Industries, Inc. |  |  |
| 2.55%, 06/15/30 | &nbsp;&nbsp; 800 | 751840 |
| 2.80%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 677 | 653748 |
| 3.75%, 03/15/28 | &nbsp;&nbsp; 1803 | 1801672 |
| 4.38%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1020 | 1026558 |
| 5.50%, 11/15/40 | &nbsp;&nbsp; 205 | 210055 |
| Rohm and Haas Co., 7.85%, 07/15/29 | &nbsp;&nbsp; 90 | 99870 |
| RPM International, Inc. |  |  |
| 2.95%, 01/15/32 | &nbsp;&nbsp; 657 | 604063 |
| 3.75%, 03/15/27 | &nbsp;&nbsp; 835 | 832639 |
| 4.25%, 01/15/48 | &nbsp;&nbsp; 695 | 575757 |
| 4.55%, 03/01/29 | &nbsp;&nbsp; 1250 | 1268212 |
| 5.25%, 06/01/45<sup>(a)</sup> | &nbsp;&nbsp; 522 | 504459 |
| SABIC Capital II BV, 4.50%, 10/10/28<sup>(b)</sup> | &nbsp;&nbsp; 1495 | 1506793 |
| Sherwin-Williams Co.(The) |  |  |
| 2.20%, 03/15/32 | &nbsp;&nbsp; 1245 | 1105117 |
| 2.30%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 966 | 898559 |
| 2.90%, 03/15/52 | &nbsp;&nbsp; 1220 | 766605 |
| 2.95%, 08/15/29 | &nbsp;&nbsp; 1418 | 1370300 |
| 3.30%, 05/15/50 | &nbsp;&nbsp; 1005 | 699760 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 2110 | 2099536 |
| 3.80%, 08/15/49 | &nbsp;&nbsp; 1180 | 899657 |
| 4.00%, 12/15/42 | &nbsp;&nbsp; 475 | 399365 |
| 4.30%, 08/15/28 | &nbsp;&nbsp; 1005 | 1014143 |
| 4.50%, 08/15/30 | &nbsp;&nbsp; 1015 | 1030374 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 2166 | 1878259 |
| 4.55%, 03/01/28 | &nbsp;&nbsp; 1680 | 1702224 |
| 4.55%, 08/01/45 | &nbsp;&nbsp; 737 | 644010 |
| 4.80%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 960 | 989257 |
| 5.15%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1220 | 1255750 |
| Sociedad Quimica y Minera de Chile SA |  |  |
| 3.50%, 09/10/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 1545 | 1089604 |
| 4.25%, 05/07/29<sup>(b)</sup> | &nbsp;&nbsp; 970 | 969781 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 4.25%, 01/22/50<sup>(a)(b)</sup> | &nbsp;&nbsp; $1020 | $838715 |
| 5.50%, 09/10/34<sup>(b)</sup> | &nbsp;&nbsp; 970 | 991825 |
| 6.50%, 11/07/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1205 | 1317278 |
| Syensqo Finance America LLC |  |  |
| 5.65%, 06/04/29<sup>(b)</sup> | &nbsp;&nbsp; 1155 | 1199723 |
| 5.85%, 06/04/34<sup>(b)</sup> | &nbsp;&nbsp; 640 | 664438 |
| Syngenta Finance NV, 5.18%, 04/24/28<sup>(b)</sup> | &nbsp;&nbsp; 100 | 101524 |
| Westlake Corp. |  |  |
| 2.88%, 08/15/41 | &nbsp;&nbsp; 1000 | 707803 |
| 3.13%, 08/15/51 | &nbsp;&nbsp; 1175 | 729081 |
| 3.38%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1330 | 1286108 |
| 3.38%, 08/15/61<sup>(a)</sup> | &nbsp;&nbsp; 930 | 565794 |
| 4.38%, 11/15/47<sup>(a)</sup> | &nbsp;&nbsp; 949 | 755791 |
| 5.00%, 08/15/46 | &nbsp;&nbsp; 1445 | 1271014 |
| 5.55%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 645 | 655000 |
| 6.38%, 11/15/55 | &nbsp;&nbsp; 780 | 781517 |
| Yara International ASA |  |  |
| 3.15%, 06/04/30<sup>(b)</sup> | &nbsp;&nbsp; 1415 | 1344769 |
| 4.75%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 2406 | 2436604 |
| 7.38%, 11/14/32<sup>(b)</sup> | &nbsp;&nbsp; 970 | 1109695 |
|  |  | 204068185 |
| **Commercial Services — 1.3%** | **Commercial Services — 1.3%** | **Commercial Services — 1.3%** |
| Adani Ports & Special Economic Zone Ltd. |  |  |
| 3.10%, 02/02/31<sup>(b)</sup> | &nbsp;&nbsp; 150 | 136656 |
| 3.83%, 02/02/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | 18457 |
| 4.20%, 08/04/27<sup>(b)</sup> | &nbsp;&nbsp; 1146 | 1132117 |
| 4.38%, 07/03/29<sup>(b)</sup> | &nbsp;&nbsp; 860 | 843454 |
| 5.00%, 08/02/41<sup>(b)</sup> | &nbsp;&nbsp; 305 | 270211 |
| American University (The), Series 2019, 3.67%, <br> 04/01/49<br>| &nbsp;&nbsp; 810 | 636473 |
| Ashtead Capital, Inc. |  |  |
| 2.45%, 08/12/31<sup>(b)</sup> | &nbsp;&nbsp; 2018 | 1820661 |
| 4.00%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 1617 | 1607120 |
| 4.25%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp; 2115 | 2104221 |
| 4.38%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp; 980 | 978283 |
| 5.50%, 08/11/32<sup>(b)</sup> | &nbsp;&nbsp; 730 | 764940 |
| 5.55%, 05/30/33<sup>(b)</sup> | &nbsp;&nbsp; 1245 | 1302710 |
| 5.80%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 1515 | 1603268 |
| 5.95%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 1345 | 1435284 |
| Automatic Data Processing, Inc. |  |  |
| 1.25%, 09/01/30 | &nbsp;&nbsp; 2109 | 1881249 |
| 1.70%, 05/15/28 | &nbsp;&nbsp; 1905 | 1825197 |
| 4.45%, 09/09/34 | &nbsp;&nbsp; 1415 | 1414160 |
| 4.75%, 05/08/32 | &nbsp;&nbsp; 1445 | 1489821 |
| Block Financial LLC |  |  |
| 2.50%, 07/15/28 | &nbsp;&nbsp; 1180 | 1124301 |
| 3.88%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1186 | 1128814 |
| 5.38%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 380 | 373568 |
| Brown University, Series A, 2.92%, 09/01/50 | &nbsp;&nbsp; 630 | 430311 |
| California Endowment (The), Series 2021, <br> 2.50%, 04/01/51<sup>(a)</sup><br>| &nbsp;&nbsp; 672 | 412184 |
| California Institute of Technology |  |  |
| 3.65%, 09/01/2119<sup>(a)</sup> | &nbsp;&nbsp; 753 | 498298 |
| 4.32%, 08/01/45 | &nbsp;&nbsp; 570 | 509392 |
| 4.70%, 11/01/2111 | &nbsp;&nbsp; 437 | 356657 |
| Case Western Reserve University, 5.41%, <br> 06/01/2122<br>| &nbsp;&nbsp; 175 | 164523 |
| Cintas Corp. No. 2 |  |  |
| 3.70%, 04/01/27 | &nbsp;&nbsp; 1771 | 1769324 |
| 4.00%, 05/01/32 | &nbsp;&nbsp; 1780 | 1765948 |
| 4.20%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1520 | 1534043 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| CK Hutchison International 23 Ltd. |  |  |
| 4.75%, 04/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; $2030 | $2065103 |
| 4.88%, 04/21/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1550 | 1593184 |
| Claremont Mckenna College, 3.78%, <br> 01/01/2122<br>| &nbsp;&nbsp; 240 | 160199 |
| Cornell University |  |  |
| 4.84%, 06/15/34 | &nbsp;&nbsp; 130 | 133999 |
| Series 2025, 4.17%, 06/15/30 | &nbsp;&nbsp; 735 | 746668 |
| Series 2025, 4.73%, 06/15/35 | &nbsp;&nbsp; 700 | 715288 |
| DP World Crescent Ltd. |  |  |
| 3.75%, 01/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 970 | 941254 |
| 4.85%, 09/26/28<sup>(b)</sup> | &nbsp;&nbsp; 1830 | 1845892 |
| 5.50%, 05/08/35<sup>(b)</sup> | &nbsp;&nbsp; 2295 | 2378848 |
| DP World Ltd./United Arab Emirates |  |  |
| 4.70%, 09/30/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 1065 | 919904 |
| 5.63%, 09/25/48<sup>(b)</sup> | &nbsp;&nbsp; 2588 | 2532135 |
| 6.85%, 07/02/37<sup>(a)(b)</sup> | &nbsp;&nbsp; 3235 | 3624429 |
| Duke University |  |  |
| 3.20%, 10/01/38<sup>(a)</sup> | &nbsp;&nbsp; 285 | 241729 |
| 3.30%, 10/01/46 | &nbsp;&nbsp; 525 | 396541 |
| Series 2020, 2.68%, 10/01/44 | &nbsp;&nbsp; 725 | 553714 |
| Series 2020, 2.76%, 10/01/50<sup>(a)</sup> | &nbsp;&nbsp; 283 | 188148 |
| Series 2020, 2.83%, 10/01/55<sup>(a)</sup> | &nbsp;&nbsp; 823 | 538159 |
| Element Fleet Management Corp. |  |  |
| 4.64%, 11/24/30<sup>(b)</sup> | &nbsp;&nbsp; 885 | 893734 |
| 5.04%, 03/25/30<sup>(b)</sup> | &nbsp;&nbsp; 1405 | 1440222 |
| 5.64%, 03/13/27<sup>(b)</sup> | &nbsp;&nbsp; 855 | 867454 |
| 6.32%, 12/04/28<sup>(b)</sup> | &nbsp;&nbsp; 1605 | 1693390 |
| Emory University |  |  |
| Series 2020, 2.14%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp; 325 | 301186 |
| Series 2020, 2.97%, 09/01/50<sup>(a)</sup> | &nbsp;&nbsp; 730 | 491075 |
| Equifax, Inc. |  |  |
| 2.35%, 09/15/31 | &nbsp;&nbsp; 1880 | 1684106 |
| 3.10%, 05/15/30 | &nbsp;&nbsp; 1480 | 1411309 |
| 4.80%, 09/15/29 | &nbsp;&nbsp; 1410 | 1435413 |
| 5.10%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1890 | 1924939 |
| 5.10%, 06/01/28 | &nbsp;&nbsp; 1525 | 1557793 |
| 7.00%, 07/01/37 | &nbsp;&nbsp; 748 | 850955 |
| ERAC USA Finance LLC |  |  |
| 4.20%, 11/01/46<sup>(b)</sup> | &nbsp;&nbsp; 1166 | 983300 |
| 4.50%, 02/15/45<sup>(b)</sup> | &nbsp;&nbsp; 1149 | 1029903 |
| 4.60%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 2370 | 2407290 |
| 4.90%, 05/01/33<sup>(b)</sup> | &nbsp;&nbsp; 1830 | 1879924 |
| 5.00%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1360 | 1400556 |
| 5.20%, 10/30/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1125 | 1169622 |
| 5.40%, 05/01/53<sup>(a)(b)</sup> | &nbsp;&nbsp; 1600 | 1591500 |
| 5.63%, 03/15/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 1225 | 1267112 |
| 6.70%, 06/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1313 | 1492816 |
| 7.00%, 10/15/37<sup>(b)</sup> | &nbsp;&nbsp; 1951 | 2295803 |
| Experian Finance PLC |  |  |
| 2.75%, 03/08/30<sup>(b)</sup> | &nbsp;&nbsp; 1360 | 1287658 |
| 4.25%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 1336 | 1340888 |
| 5.25%, 08/17/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 665 | 688183 |
| Ford Foundation(The) |  |  |
| Series 2017, 3.86%, 06/01/47<sup>(a)</sup> | &nbsp;&nbsp; 802 | 676494 |
| Series 2020, 2.42%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 705 | 434781 |
| Series 2020, 2.82%, 06/01/70 | &nbsp;&nbsp; 439 | 261661 |
| George Washington University(The) |  |  |
| 4.87%, 09/15/45<sup>(a)</sup> | &nbsp;&nbsp; 725 | 684916 |
| Series 2014, 4.30%, 09/15/44<sup>(a)</sup> | &nbsp;&nbsp; 490 | 431990 |
| Series 2016, 3.55%, 09/15/46 | &nbsp;&nbsp; 723 | 564896 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Series 2018, 4.13%, 09/15/48 | &nbsp;&nbsp; $1139 | $959705 |
| Georgetown University(The) |  |  |
| 5.12%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 95 | 91344 |
| Series 20A, 2.94%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 720 | 483522 |
| Series A, 5.22%, 10/01/2118<sup>(a)</sup> | &nbsp;&nbsp; 425 | 385075 |
| Series B, 4.32%, 04/01/49 | &nbsp;&nbsp; 806 | 690769 |
| Global Payments, Inc. |  |  |
| 2.90%, 05/15/30 | &nbsp;&nbsp; 1863 | 1734137 |
| 2.90%, 11/15/31 | &nbsp;&nbsp; 1826 | 1644283 |
| 3.20%, 08/15/29 | &nbsp;&nbsp; 2559 | 2454041 |
| 4.15%, 08/15/49 | &nbsp;&nbsp; 1508 | 1123064 |
| 4.45%, 06/01/28 | &nbsp;&nbsp; 1115 | 1117794 |
| 4.50%, 11/15/28 | &nbsp;&nbsp; 1930 | 1934439 |
| 4.88%, 11/15/30 | &nbsp;&nbsp; 1510 | 1508229 |
| 4.95%, 08/15/27 | &nbsp;&nbsp; 410 | 413361 |
| 5.20%, 11/15/32 | &nbsp;&nbsp; 1500 | 1508838 |
| 5.30%, 08/15/29 | &nbsp;&nbsp; 995 | 1022110 |
| 5.40%, 08/15/32 | &nbsp;&nbsp; 1310 | 1335407 |
| 5.55%, 11/15/35 | &nbsp;&nbsp; 2075 | 2064023 |
| 5.95%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1503 | 1432076 |
| Howard University, 5.21%, 10/01/52 | &nbsp;&nbsp; 200 | 173346 |
| ITR Concession Co. LLC |  |  |
| 5.18%, 07/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 845 | 850890 |
| 5.28%, 07/15/40<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9412 |
| J Paul Getty Trust (The), 4.91%, 04/01/35 | &nbsp;&nbsp; 20 | 20756 |
| Johns Hopkins University |  |  |
| 4.71%, 07/01/32 | &nbsp;&nbsp; 520 | 538550 |
| Series 2013, 4.08%, 07/01/53<sup>(a)</sup> | &nbsp;&nbsp; 540 | 454118 |
| Series A, 2.81%, 01/01/60 | &nbsp;&nbsp; 384 | 235778 |
| Kaspi.KZ JSC, 6.25%, 03/26/30<sup>(b)</sup> | &nbsp;&nbsp; 375 | 385953 |
| Leland Stanford Junior University(The) |  |  |
| 1.29%, 06/01/27<sup>(a)</sup> | &nbsp;&nbsp; 455 | 442165 |
| 2.41%, 06/01/50 | &nbsp;&nbsp; 770 | 480362 |
| 3.46%, 05/01/47 | &nbsp;&nbsp; 400 | 314960 |
| 3.65%, 05/01/48 | &nbsp;&nbsp; 815 | 661231 |
| 4.68%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25669 |
| Series 2025, 4.15%, 08/01/30 | &nbsp;&nbsp; 1655 | 1677466 |
| Massachusetts Institute of Technology |  |  |
| 3.07%, 04/01/52 | &nbsp;&nbsp; 635 | 444417 |
| 3.89%, 07/01/2116<sup>(a)</sup> | &nbsp;&nbsp; 2515 | 1816464 |
| 3.96%, 07/01/38 | &nbsp;&nbsp; 505 | 479189 |
| 4.68%, 07/01/2114 | &nbsp;&nbsp; 471 | 406375 |
| 5.60%, 07/01/2111 | &nbsp;&nbsp; 1120 | 1154981 |
| 5.62%, 06/01/55 | &nbsp;&nbsp; 710 | 755354 |
| Series F, 2.99%, 07/01/50 | &nbsp;&nbsp; 996 | 692525 |
| Series G, 2.29%, 07/01/51 | &nbsp;&nbsp; 535 | 314809 |
| Metropolitan Museum of Art (The), Series 2015, <br> 3.40%, 07/01/45<br>| &nbsp;&nbsp; 430 | 337891 |
| Moody's Corp. |  |  |
| 2.00%, 08/19/31<sup>(a)</sup> | &nbsp;&nbsp; 815 | 731365 |
| 2.55%, 08/18/60<sup>(a)</sup> | &nbsp;&nbsp; 770 | 408065 |
| 2.75%, 08/19/41 | &nbsp;&nbsp; 1245 | 918504 |
| 3.10%, 11/29/61 | &nbsp;&nbsp; 815 | 503195 |
| 3.25%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1615 | 1595938 |
| 3.25%, 05/20/50<sup>(a)</sup> | &nbsp;&nbsp; 516 | 358841 |
| 3.75%, 02/25/52 | &nbsp;&nbsp; 885 | 669476 |
| 4.25%, 02/01/29 | &nbsp;&nbsp; 728 | 736197 |
| 4.25%, 08/08/32 | &nbsp;&nbsp; 1045 | 1042441 |
| 4.88%, 12/17/48 | &nbsp;&nbsp; 1170 | 1052819 |
| 5.00%, 08/05/34 | &nbsp;&nbsp; 800 | 823431 |
| 5.25%, 07/15/44 | &nbsp;&nbsp; 1044 | 1020913 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Northeastern University, Series 2020, 2.89%, <br> 10/01/50<br>| &nbsp;&nbsp; $55 | $37621 |
| Northwestern University |  |  |
| 3.69%, 12/01/38 | &nbsp;&nbsp; 565 | 518513 |
| 3.87%, 12/01/48 | &nbsp;&nbsp; 535 | 438895 |
| 4.64%, 12/01/44 | &nbsp;&nbsp; 685 | 665427 |
| 4.94%, 12/01/35<sup>(a)</sup> | &nbsp;&nbsp; 435 | 450159 |
| Series 2017, 3.66%, 12/01/57<sup>(a)</sup> | &nbsp;&nbsp; 410 | 310820 |
| Series 2020, 2.64%, 12/01/50 | &nbsp;&nbsp; 640 | 412974 |
| PayPal Holdings, Inc. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 2218 | 2071880 |
| 2.85%, 10/01/29 | &nbsp;&nbsp; 2103 | 2026552 |
| 3.25%, 06/01/50 | &nbsp;&nbsp; 601 | 411168 |
| 3.90%, 06/01/27 | &nbsp;&nbsp; 975 | 976159 |
| 4.40%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 2390 | 2392893 |
| 4.45%, 03/06/28<sup>(a)</sup> | &nbsp;&nbsp; 1276 | 1290452 |
| 5.05%, 06/01/52<sup>(a)</sup> | &nbsp;&nbsp; 2170 | 1952503 |
| 5.10%, 04/01/35 | &nbsp;&nbsp; 1295 | 1311366 |
| 5.15%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1705 | 1729342 |
| 5.25%, 06/01/62 | &nbsp;&nbsp; 755 | 690417 |
| 5.50%, 06/01/54 | &nbsp;&nbsp; 1085 | 1034950 |
| Pelabuhan Indonesia Persero PT, 5.38%, <br> 05/05/45<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 917 | 868601 |
| Port of Newcastle Investments Financing Pty <br> Ltd., 5.90%, 11/24/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 95 | 99380 |
| President and Fellows of Harvard College |  |  |
| 2.52%, 10/15/50<sup>(a)</sup> | &nbsp;&nbsp; 825 | 522501 |
| 3.15%, 07/15/46 | &nbsp;&nbsp; 1011 | 764541 |
| 3.30%, 07/15/56 | &nbsp;&nbsp; 385 | 271302 |
| 3.62%, 10/01/37<sup>(a)</sup> | &nbsp;&nbsp; 663 | 603944 |
| 3.75%, 11/15/52 | &nbsp;&nbsp; 760 | 601630 |
| 4.61%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15371 |
| 4.88%, 10/15/40<sup>(a)</sup> | &nbsp;&nbsp; 437 | 444871 |
| 4.89%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 125 | 130109 |
| 5.26%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 335 | 358908 |
| 6.50%, 01/15/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 1101 | 1271330 |
| Quanta Services, Inc. |  |  |
| 2.35%, 01/15/32 | &nbsp;&nbsp; 2156 | 1927156 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 2283 | 2159453 |
| 3.05%, 10/01/41 | &nbsp;&nbsp; 1115 | 847082 |
| 4.30%, 08/09/28 | &nbsp;&nbsp; 1260 | 1270353 |
| 4.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3165 | 3202418 |
| 4.75%, 08/09/27 | &nbsp;&nbsp; 1005 | 1015926 |
| 5.10%, 08/09/35 | &nbsp;&nbsp; 885 | 901198 |
| 5.25%, 08/09/34 | &nbsp;&nbsp; 1515 | 1569754 |
| RELX Capital, Inc. |  |  |
| 3.00%, 05/22/30 | &nbsp;&nbsp; 1581 | 1508494 |
| 4.00%, 03/18/29 | &nbsp;&nbsp; 1850 | 1849394 |
| 4.75%, 03/27/30<sup>(a)</sup> | &nbsp;&nbsp; 845 | 861698 |
| 4.75%, 05/20/32<sup>(a)</sup> | &nbsp;&nbsp; 745 | 758904 |
| 5.25%, 03/27/35 | &nbsp;&nbsp; 220 | 226533 |
| Rentokil Terminix Funding LLC |  |  |
| 5.00%, 04/28/30<sup>(b)</sup> | &nbsp;&nbsp; 1525 | 1561415 |
| 5.63%, 04/28/35<sup>(b)</sup> | &nbsp;&nbsp; 805 | 836838 |
| Rockefeller Foundation (The), Series 2020, <br> 2.49%, 10/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 1096 | 690599 |
| Rollins, Inc., 5.25%, 02/24/35 | &nbsp;&nbsp; 790 | 812048 |
| S&P Global, Inc. |  |  |
| 1.25%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1358 | 1204216 |
| 2.30%, 08/15/60<sup>(a)</sup> | &nbsp;&nbsp; 1101 | 567503 |
| 2.50%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 987 | 938052 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 2.70%, 03/01/29 | &nbsp;&nbsp; $1932 | $1867568 |
| 2.90%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 2520 | 2343880 |
| 3.25%, 12/01/49 | &nbsp;&nbsp; 1239 | 880329 |
| 3.70%, 03/01/52<sup>(a)</sup> | &nbsp;&nbsp; 1590 | 1209398 |
| 3.90%, 03/01/62 | &nbsp;&nbsp; 920 | 693714 |
| 4.25%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2019 | 2037865 |
| 4.25%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1325 | 1331085 |
| 4.50%, 05/15/48<sup>(a)</sup> | &nbsp;&nbsp; 295 | 257019 |
| 4.75%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1439 | 1469441 |
| 4.80%, 12/04/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 515 | 516165 |
| 5.25%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1375 | 1451756 |
| 6.55%, 11/15/37<sup>(a)</sup> | &nbsp;&nbsp; 695 | 790625 |
| Thomas Jefferson University, 3.85%, <br> 11/01/57<sup>(a)</sup><br>| &nbsp;&nbsp; 111 | 82254 |
| TR Finance LLC |  |  |
| 5.50%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 810 | 844157 |
| 5.65%, 11/23/43 | &nbsp;&nbsp; 619 | 622088 |
| 5.85%, 04/15/40<sup>(a)</sup> | &nbsp;&nbsp; 955 | 974351 |
| Transurban Finance Co. Pty Ltd., 4.92%, <br> 03/24/36<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 825 | 835053 |
| Transurban Finance Co. Pty. Ltd. |  |  |
| 2.45%, 03/16/31<sup>(b)</sup> | &nbsp;&nbsp; 1569 | 1447140 |
| 3.38%, 03/22/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 341 | 339367 |
| Triton Container International Ltd., 3.15%, <br> 06/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 940 | 869578 |
| Triton Container International Ltd./TAL <br> International Container Corp.<br>|  |  |
| 3.25%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1005 | 931718 |
| 5.15%, 02/15/33 | &nbsp;&nbsp; 670 | 669917 |
| Trustees of Boston College |  |  |
| 3.13%, 07/01/52 | &nbsp;&nbsp; 466 | 330087 |
| 3.99%, 07/01/47 | &nbsp;&nbsp; 290 | 245321 |
| Trustees of Columbia University in the City of <br> New York (The), Series 2024, 4.36%, <br> 10/01/35<sup>(a)</sup><br>| &nbsp;&nbsp; 5 | 4991 |
| Trustees of Dartmouth College |  |  |
| 3.47%, 06/01/46<sup>(a)</sup> | &nbsp;&nbsp; 625 | 488053 |
| 4.27%, 06/01/30 | &nbsp;&nbsp; 435 | 442048 |
| Trustees of Princeton University(The) |  |  |
| 4.20%, 03/01/52 | &nbsp;&nbsp; 220 | 188709 |
| 4.65%, 07/01/30 | &nbsp;&nbsp; 135 | 139277 |
| 5.70%, 03/01/39 | &nbsp;&nbsp; 1079 | 1181822 |
| Series 2020, 2.52%, 07/01/50 | &nbsp;&nbsp; 400 | 261106 |
| Trustees of the University of Pennsylvania(The) |  |  |
| 3.61%, 02/15/2119<sup>(a)</sup> | &nbsp;&nbsp; 447 | 295267 |
| 4.67%, 09/01/2112 | &nbsp;&nbsp; 290 | 244757 |
| Series 2020, 2.40%, 10/01/50 | &nbsp;&nbsp; 445 | 273182 |
| Trustees of Tufts College |  |  |
| 3.10%, 08/15/51<sup>(a)</sup> | &nbsp;&nbsp; 710 | 478239 |
| Series 2012, 5.02%, 04/15/2112 | &nbsp;&nbsp; 220 | 192267 |
| UL Solutions, Inc., 6.50%, 10/20/28 | &nbsp;&nbsp; 480 | 508309 |
| United Rentals North America, Inc., 6.00%, <br> 12/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1485 | 1523032 |
| University of Chicago(The) |  |  |
| 4.00%, 10/01/53 | &nbsp;&nbsp; 500 | 410163 |
| Series 20B, 2.76%, 04/01/45<sup>(a)</sup> | &nbsp;&nbsp; 829 | 671759 |
| Series C, 2.55%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 470 | 313272 |
| University of Miami, 4.06%, 04/01/52<sup>(a)</sup> | &nbsp;&nbsp; 580 | 476671 |
| University of Notre Dame du Lac |  |  |
| Series 2015, 3.44%, 02/15/45 | &nbsp;&nbsp; 763 | 607745 |
| Series 2017, 3.39%, 02/15/48 | &nbsp;&nbsp; 643 | 497585 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| University of Southern California |  |  |
| 2.81%, 10/01/50 | &nbsp;&nbsp; $685 | $453867 |
| 3.03%, 10/01/39 | &nbsp;&nbsp; 1351 | 1146748 |
| 4.98%, 10/01/53<sup>(a)</sup> | &nbsp;&nbsp; 300 | 286133 |
| 5.25%, 10/01/2111 | &nbsp;&nbsp; 305 | 293509 |
| Series 2017, 3.84%, 10/01/47 | &nbsp;&nbsp; 905 | 751259 |
| Series 21A, 2.95%, 10/01/51 | &nbsp;&nbsp; 750 | 505302 |
| Series A, 3.23%, 10/01/2120<sup>(a)</sup> | &nbsp;&nbsp; 575 | 346142 |
| Varanasi Aurangabad Nh-2 Tollway Pvt Ltd., <br> 5.90%, 02/28/34<sup>(b)</sup><br>| &nbsp;&nbsp; 279 | 297226 |
| Verisk Analytics, Inc. |  |  |
| 3.63%, 05/15/50 | &nbsp;&nbsp; 999 | 726223 |
| 4.13%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1299 | 1303493 |
| 4.45%, 03/15/31 | &nbsp;&nbsp; 205 | 205999 |
| 5.13%, 03/15/36 | &nbsp;&nbsp; 350 | 349450 |
| 5.25%, 06/05/34 | &nbsp;&nbsp; 705 | 718024 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 1420 | 1443049 |
| 5.50%, 06/15/45<sup>(a)</sup> | &nbsp;&nbsp; 599 | 580994 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 1004 | 1063977 |
| Washington University(The) |  |  |
| 3.52%, 04/15/54<sup>(a)</sup> | &nbsp;&nbsp; 720 | 543756 |
| 4.35%, 04/15/2122 | &nbsp;&nbsp; 385 | 301692 |
| Wesleyan University, 4.78%, 07/01/2116<sup>(a)</sup> | &nbsp;&nbsp; 375 | 302980 |
| William Marsh Rice University |  |  |
| 3.57%, 05/15/45<sup>(a)</sup> | &nbsp;&nbsp; 315 | 258876 |
| 3.77%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 490 | 384192 |
| WK Kellogg Foundation Trust, 2.44%, <br> 10/01/50<sup>(b)</sup><br>| &nbsp;&nbsp; 205 | 127614 |
| Yale University |  |  |
| Series 2020, 1.48%, 04/15/30 | &nbsp;&nbsp; 240 | 218883 |
| Series 2020, 2.40%, 04/15/50 | &nbsp;&nbsp; 742 | 459822 |
| Series 2025, 4.70%, 04/15/32 | &nbsp;&nbsp; 345 | 358783 |
|  |  | 226833507 |
| **Computers — 1.7%** | **Computers — 1.7%** | **Computers — 1.7%** |
| Accenture Capital, Inc. |  |  |
| 3.90%, 10/04/27 | &nbsp;&nbsp; 2260 | 2268097 |
| 4.05%, 10/04/29 | &nbsp;&nbsp; 2150 | 2162864 |
| 4.25%, 10/04/31 | &nbsp;&nbsp; 2090 | 2097854 |
| 4.50%, 10/04/34<sup>(a)</sup> | &nbsp;&nbsp; 2495 | 2468119 |
| Amdocs Ltd., 2.54%, 06/15/30 | &nbsp;&nbsp; 1360 | 1241790 |
| Apple, Inc. |  |  |
| 1.20%, 02/08/28 | &nbsp;&nbsp; 4410 | 4218795 |
| 1.25%, 08/20/30<sup>(a)</sup> | &nbsp;&nbsp; 2367 | 2124771 |
| 1.40%, 08/05/28 | &nbsp;&nbsp; 4110 | 3909007 |
| 1.65%, 05/11/30 | &nbsp;&nbsp; 3200 | 2937755 |
| 1.65%, 02/08/31 | &nbsp;&nbsp; 5030 | 4548113 |
| 1.70%, 08/05/31 | &nbsp;&nbsp; 1820 | 1632208 |
| 2.20%, 09/11/29 | &nbsp;&nbsp; 2541 | 2421558 |
| 2.38%, 02/08/41 | &nbsp;&nbsp; 2998 | 2200448 |
| 2.40%, 08/20/50 | &nbsp;&nbsp; 2551 | 1532847 |
| 2.55%, 08/20/60 | &nbsp;&nbsp; 1826 | 1028470 |
| 2.65%, 05/11/50 | &nbsp;&nbsp; 5398 | 3439272 |
| 2.65%, 02/08/51 | &nbsp;&nbsp; 5329 | 3362768 |
| 2.70%, 08/05/51 | &nbsp;&nbsp; 2995 | 1904791 |
| 2.80%, 02/08/61 | &nbsp;&nbsp; 3164 | 1883112 |
| 2.85%, 08/05/61 | &nbsp;&nbsp; 2830 | 1712761 |
| 2.90%, 09/12/27 | &nbsp;&nbsp; 2610 | 2584406 |
| 2.95%, 09/11/49 | &nbsp;&nbsp; 2412 | 1647350 |
| 3.00%, 06/20/27 | &nbsp;&nbsp; 2735 | 2717617 |
| 3.00%, 11/13/27 | &nbsp;&nbsp; 3055 | 3031518 |
| 3.20%, 05/11/27 | &nbsp;&nbsp; 3174 | 3162149 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 3.25%, 08/08/29 | &nbsp;&nbsp; $1930 | $1908132 |
| 3.35%, 08/08/32<sup>(a)</sup> | &nbsp;&nbsp; 2820 | 2733288 |
| 3.45%, 02/09/45 | &nbsp;&nbsp; 3438 | 2722678 |
| 3.75%, 09/12/47 | &nbsp;&nbsp; 2060 | 1657565 |
| 3.75%, 11/13/47 | &nbsp;&nbsp; 2208 | 1774272 |
| 3.85%, 05/04/43 | &nbsp;&nbsp; 5024 | 4306366 |
| 3.85%, 08/04/46<sup>(a)</sup> | &nbsp;&nbsp; 3718 | 3068934 |
| 3.95%, 08/08/52 | &nbsp;&nbsp; 2810 | 2263788 |
| 4.00%, 05/10/28 | &nbsp;&nbsp; 2570 | 2592270 |
| 4.00%, 05/12/28 | &nbsp;&nbsp; 2065 | 2083466 |
| 4.10%, 08/08/62 | &nbsp;&nbsp; 2105 | 1678486 |
| 4.15%, 05/10/30 | &nbsp;&nbsp; 1030 | 1046784 |
| 4.20%, 05/12/30 | &nbsp;&nbsp; 2155 | 2190125 |
| 4.25%, 02/09/47 | &nbsp;&nbsp; 2049 | 1788837 |
| 4.30%, 05/10/33 | &nbsp;&nbsp; 1980 | 2023452 |
| 4.38%, 05/13/45 | &nbsp;&nbsp; 3691 | 3340104 |
| 4.45%, 05/06/44<sup>(a)</sup> | &nbsp;&nbsp; 2024 | 1883666 |
| 4.50%, 05/12/32 | &nbsp;&nbsp; 1635 | 1688260 |
| 4.50%, 02/23/36<sup>(a)</sup> | &nbsp;&nbsp; 2185 | 2236515 |
| 4.65%, 02/23/46 | &nbsp;&nbsp; 7134 | 6645536 |
| 4.75%, 05/12/35 | &nbsp;&nbsp; 2025 | 2099333 |
| 4.85%, 05/10/53<sup>(a)</sup> | &nbsp;&nbsp; 2415 | 2312007 |
| Booz Allen Hamilton, Inc. |  |  |
| 3.88%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp; 2490 | 2451903 |
| 4.00%, 07/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1135 | 1112046 |
| 5.95%, 08/04/33<sup>(a)</sup> | &nbsp;&nbsp; 1577 | 1617770 |
| 5.95%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1285 | 1303528 |
| CGI, Inc. |  |  |
| 2.30%, 09/14/31<sup>(a)</sup> | &nbsp;&nbsp; 900 | 801721 |
| 4.95%, 03/14/30 | &nbsp;&nbsp; 830 | 843698 |
| Dell International LLC/EMC Corp. |  |  |
| 3.38%, 12/15/41 | &nbsp;&nbsp; 1776 | 1373230 |
| 3.45%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1216 | 853231 |
| 4.15%, 02/15/29 | &nbsp;&nbsp; 1895 | 1901782 |
| 4.35%, 02/01/30 | &nbsp;&nbsp; 915 | 919699 |
| 4.50%, 02/15/31 | &nbsp;&nbsp; 3155 | 3170319 |
| 4.75%, 04/01/28 | &nbsp;&nbsp; 1150 | 1168403 |
| 4.75%, 10/06/32 | &nbsp;&nbsp; 1570 | 1584687 |
| 4.85%, 02/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1515 | 1505196 |
| 5.00%, 04/01/30 | &nbsp;&nbsp; 1120 | 1151875 |
| 5.10%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1860 | 1866842 |
| 5.25%, 02/01/28 | &nbsp;&nbsp; 2205 | 2255485 |
| 5.30%, 10/01/29 | &nbsp;&nbsp; 3168 | 3287982 |
| 5.30%, 04/01/32 | &nbsp;&nbsp; 1740 | 1807083 |
| 5.40%, 04/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1855 | 1920472 |
| 5.50%, 04/01/35 | &nbsp;&nbsp; 1550 | 1611790 |
| 5.75%, 02/01/33 | &nbsp;&nbsp; 1180 | 1253054 |
| 6.10%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 821 | 842272 |
| 6.20%, 07/15/30 | &nbsp;&nbsp; 1782 | 1914643 |
| 8.10%, 07/15/36 | &nbsp;&nbsp; 1823 | 2216746 |
| 8.35%, 07/15/46 | &nbsp;&nbsp; 1314 | 1680283 |
| Dell, Inc. |  |  |
| 5.40%, 09/10/40<sup>(a)</sup> | &nbsp;&nbsp; 552 | 547297 |
| 6.50%, 04/15/38 | &nbsp;&nbsp; 694 | 752370 |
| 7.10%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1160 | 1231332 |
| DXC Technology Co., 2.38%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1400 | 1320680 |
| Fortinet, Inc., 2.20%, 03/15/31 | &nbsp;&nbsp; 1147 | 1039549 |
| Gartner, Inc. |  |  |
| 3.63%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1010 | 957092 |
| 3.75%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 1530 | 1414800 |
| 4.50%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp; 1880 | 1853424 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 4.95%, 03/20/31 | &nbsp;&nbsp; $150 | $147911 |
| 5.60%, 11/20/35<sup>(a)</sup> | &nbsp;&nbsp; 980 | 938916 |
| Genpact Luxembourg SARL/Genpact USA, Inc., <br> 6.00%, 06/04/29<br>| &nbsp;&nbsp; 740 | 768366 |
| Genpact UK Finco PLC/Genpact USA, Inc., <br> 4.95%, 11/18/30<br>| &nbsp;&nbsp; 425 | 415029 |
| Hewlett Packard Enterprise Co. |  |  |
| 4.05%, 09/15/27 | &nbsp;&nbsp; 1200 | 1202147 |
| 4.15%, 09/15/28 | &nbsp;&nbsp; 1210 | 1212794 |
| 4.40%, 09/25/27 | &nbsp;&nbsp; 2435 | 2449011 |
| 4.40%, 10/15/30 | &nbsp;&nbsp; 2405 | 2408177 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 3435 | 3476081 |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 2455 | 2489612 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 3420 | 3388962 |
| 5.25%, 07/01/28 | &nbsp;&nbsp; 1415 | 1452503 |
| 5.60%, 10/15/54<sup>(a)</sup> | &nbsp;&nbsp; 2455 | 2259398 |
| 6.20%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1600 | 1734410 |
| 6.35%, 10/15/45<sup>(a)</sup> | &nbsp;&nbsp; 2794 | 2869893 |
| HP, Inc. |  |  |
| 2.65%, 06/17/31 | &nbsp;&nbsp; 1990 | 1802626 |
| 3.00%, 06/17/27 | &nbsp;&nbsp; 1392 | 1374405 |
| 3.40%, 06/17/30<sup>(a)</sup> | &nbsp;&nbsp; 1393 | 1339548 |
| 4.00%, 04/15/29 | &nbsp;&nbsp; 2640 | 2625224 |
| 4.20%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1505 | 1462147 |
| 4.75%, 01/15/28 | &nbsp;&nbsp; 2975 | 3012028 |
| 5.40%, 04/25/30<sup>(a)</sup> | &nbsp;&nbsp; 750 | 777391 |
| 5.50%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2175 | 2234791 |
| 6.00%, 09/15/41<sup>(a)</sup> | &nbsp;&nbsp; 2085 | 2091099 |
| 6.10%, 04/25/35<sup>(a)</sup> | &nbsp;&nbsp; 675 | 721650 |
| IBM International Capital Pte Ltd. |  |  |
| 4.60%, 02/05/29 | &nbsp;&nbsp; 490 | 499148 |
| 4.75%, 02/05/31 | &nbsp;&nbsp; 505 | 514449 |
| 4.90%, 02/05/34 | &nbsp;&nbsp; 2760 | 2793393 |
| 5.25%, 02/05/44 | &nbsp;&nbsp; 1455 | 1402495 |
| 5.30%, 02/05/54 | &nbsp;&nbsp; 2475 | 2300698 |
| International Business Machines Corp. |  |  |
| 1.70%, 05/15/27 | &nbsp;&nbsp; 1992 | 1941960 |
| 1.95%, 05/15/30 | &nbsp;&nbsp; 3630 | 3328734 |
| 2.72%, 02/09/32 | &nbsp;&nbsp; 995 | 912097 |
| 2.85%, 05/15/40 | &nbsp;&nbsp; 1684 | 1273936 |
| 2.95%, 05/15/50 | &nbsp;&nbsp; 927 | 594332 |
| 3.43%, 02/09/52 | &nbsp;&nbsp; 1605 | 1103631 |
| 3.50%, 05/15/29 | &nbsp;&nbsp; 6131 | 6044684 |
| 4.00%, 06/20/42 | &nbsp;&nbsp; 1833 | 1547049 |
| 4.15%, 07/27/27 | &nbsp;&nbsp; 1100 | 1105823 |
| 4.15%, 05/15/39 | &nbsp;&nbsp; 3619 | 3245243 |
| 4.25%, 05/15/49 | &nbsp;&nbsp; 4758 | 3858407 |
| 4.40%, 07/27/32<sup>(a)</sup> | &nbsp;&nbsp; 1135 | 1136228 |
| 4.50%, 02/06/28<sup>(a)</sup> | &nbsp;&nbsp; 1860 | 1883838 |
| 4.60%, 02/03/33 | &nbsp;&nbsp; 100 | 100779 |
| 4.65%, 02/10/28 | &nbsp;&nbsp; 1960 | 1990698 |
| 4.70%, 02/19/46 | &nbsp;&nbsp; 1890 | 1675534 |
| 4.75%, 02/06/33<sup>(a)</sup> | &nbsp;&nbsp; 1520 | 1549007 |
| 4.80%, 02/10/30<sup>(a)</sup> | &nbsp;&nbsp; 2110 | 2162070 |
| 4.90%, 07/27/52 | &nbsp;&nbsp; 1845 | 1629502 |
| 4.95%, 02/03/36 | &nbsp;&nbsp; 300 | 300584 |
| 5.00%, 02/10/32 | &nbsp;&nbsp; 2540 | 2616173 |
| 5.10%, 02/06/53 | &nbsp;&nbsp; 1040 | 945887 |
| 5.20%, 02/10/35<sup>(a)</sup> | &nbsp;&nbsp; 630 | 650350 |
| 5.60%, 11/30/39<sup>(a)</sup> | &nbsp;&nbsp; 1475 | 1535173 |
| 5.70%, 02/10/55<sup>(a)</sup> | &nbsp;&nbsp; 1735 | 1709144 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 5.80%, 02/03/56 | &nbsp;&nbsp; $170 | $170242 |
| 5.88%, 11/29/32<sup>(a)</sup> | &nbsp;&nbsp; 1288 | 1397026 |
| 6.22%, 08/01/27 | &nbsp;&nbsp; 1047 | 1082162 |
| 6.50%, 01/15/28 | &nbsp;&nbsp; 1183 | 1239894 |
| 7.13%, 12/01/96<sup>(a)</sup> | &nbsp;&nbsp; 435 | 510819 |
| Kyndryl Holdings, Inc. |  |  |
| 2.70%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1402 | 1292419 |
| 3.15%, 10/15/31 | &nbsp;&nbsp; 1490 | 1265391 |
| 4.10%, 10/15/41 | &nbsp;&nbsp; 1197 | 858557 |
| 6.35%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 995 | 949697 |
| Leidos, Inc. |  |  |
| 2.30%, 02/15/31 | &nbsp;&nbsp; 1207 | 1096500 |
| 4.10%, 03/15/29 | &nbsp;&nbsp; 885 | 887266 |
| 4.38%, 05/15/30 | &nbsp;&nbsp; 865 | 868087 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 1000 | 997656 |
| 5.40%, 03/15/32 | &nbsp;&nbsp; 795 | 829387 |
| 5.50%, 03/15/35 | &nbsp;&nbsp; 695 | 724129 |
| 5.75%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 615 | 653005 |
| Lenovo Group Ltd. |  |  |
| 3.42%, 11/02/30<sup>(b)</sup> | &nbsp;&nbsp; 1060 | 1017660 |
| 5.83%, 01/27/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 560 | 577912 |
| 6.54%, 07/27/32<sup>(b)</sup> | &nbsp;&nbsp; 700 | 770894 |
| NetApp, Inc. |  |  |
| 2.38%, 06/22/27 | &nbsp;&nbsp; 1210 | 1185108 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 1775 | 1663953 |
| 5.50%, 03/17/32 | &nbsp;&nbsp; 1240 | 1292479 |
| 5.70%, 03/17/35 | &nbsp;&nbsp; 1005 | 1049209 |
| Teledyne FLIR LLC, 2.50%, 08/01/30 | &nbsp;&nbsp; 1098 | 1028252 |
|  |  | 288227457 |
| **Cosmetics & Personal Care — 0.5%** | **Cosmetics & Personal Care — 0.5%** | **Cosmetics & Personal Care — 0.5%** |
| Colgate-Palmolive Co. |  |  |
| 3.10%, 08/15/27 | &nbsp;&nbsp; 550 | 546613 |
| 3.25%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1142 | 1093900 |
| 3.70%, 08/01/47 | &nbsp;&nbsp; 712 | 578439 |
| 4.00%, 08/15/45<sup>(a)</sup> | &nbsp;&nbsp; 1121 | 984550 |
| 4.20%, 05/01/30 | &nbsp;&nbsp; 875 | 888472 |
| 4.60%, 03/01/28 | &nbsp;&nbsp; 1501 | 1527198 |
| 4.60%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1071 | 1106170 |
| Conopco, Inc., Series F, 6.63%, 04/15/28 | &nbsp;&nbsp; 280 | 295102 |
| Coty, Inc./HFC Prestige Products, Inc./HFC <br> Prestige International U.S. LLC<br>|  |  |
| 4.75%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 540 | 531119 |
| 5.60%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 125 | 125397 |
| 6.63%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 860 | 871326 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 1.95%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1370 | 1236843 |
| 2.38%, 12/01/29 | &nbsp;&nbsp; 1562 | 1476260 |
| 2.60%, 04/15/30 | &nbsp;&nbsp; 1585 | 1502834 |
| 3.13%, 12/01/49 | &nbsp;&nbsp; 1214 | 826652 |
| 3.15%, 03/15/27 | &nbsp;&nbsp; 870 | 864213 |
| 3.70%, 08/15/42<sup>(a)</sup> | &nbsp;&nbsp; 492 | 400237 |
| 4.15%, 03/15/47 | &nbsp;&nbsp; 1182 | 970206 |
| 4.38%, 05/15/28 | &nbsp;&nbsp; 1950 | 1971117 |
| 4.38%, 06/15/45 | &nbsp;&nbsp; 834 | 719234 |
| 4.65%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1210 | 1228797 |
| 5.00%, 02/14/34<sup>(a)</sup> | &nbsp;&nbsp; 1040 | 1074151 |
| 5.15%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 824 | 771818 |
| 6.00%, 05/15/37<sup>(a)</sup> | &nbsp;&nbsp; 711 | 785346 |
| Haleon U.S. Capital LLC |  |  |
| 3.38%, 03/24/27 | &nbsp;&nbsp; 3205 | 3189490 |
| 3.38%, 03/24/29 | &nbsp;&nbsp; 1758 | 1728030 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** |
| 3.63%, 03/24/32 | &nbsp;&nbsp; $3235 | $3116995 |
| 4.00%, 03/24/52<sup>(a)</sup> | &nbsp;&nbsp; 1905 | 1531075 |
| Kenvue, Inc. |  |  |
| 4.85%, 05/22/32<sup>(a)</sup> | &nbsp;&nbsp; 1725 | 1782830 |
| 4.90%, 03/22/33<sup>(a)</sup> | &nbsp;&nbsp; 2295 | 2370695 |
| 5.00%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp; 3090 | 3201866 |
| 5.05%, 03/22/28 | &nbsp;&nbsp; 2070 | 2119505 |
| 5.05%, 03/22/53<sup>(a)</sup> | &nbsp;&nbsp; 2644 | 2465757 |
| 5.10%, 03/22/43<sup>(a)</sup> | &nbsp;&nbsp; 1280 | 1258331 |
| 5.20%, 03/22/63 | &nbsp;&nbsp; 1579 | 1467256 |
| L'Oreal SA, 5.00%, 05/20/35<sup>(b)</sup> | &nbsp;&nbsp; 1380 | 1435108 |
| Procter & Gamble Co.(The) |  |  |
| 1.20%, 10/29/30 | &nbsp;&nbsp; 2012 | 1790447 |
| 1.95%, 04/23/31 | &nbsp;&nbsp; 1950 | 1781787 |
| 2.30%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1590 | 1467217 |
| 2.80%, 03/25/27 | &nbsp;&nbsp; 894 | 886155 |
| 2.85%, 08/11/27 | &nbsp;&nbsp; 1422 | 1409584 |
| 3.00%, 03/25/30 | &nbsp;&nbsp; 2540 | 2470652 |
| 3.50%, 10/25/47<sup>(a)</sup> | &nbsp;&nbsp; 1030 | 820062 |
| 3.55%, 03/25/40<sup>(a)</sup> | &nbsp;&nbsp; 863 | 761690 |
| 3.60%, 03/25/50<sup>(a)</sup> | &nbsp;&nbsp; 870 | 685276 |
| 3.95%, 01/26/28<sup>(a)</sup> | &nbsp;&nbsp; 1090 | 1098846 |
| 4.05%, 05/01/30 | &nbsp;&nbsp; 1255 | 1270875 |
| 4.05%, 01/26/33<sup>(a)</sup> | &nbsp;&nbsp; 1175 | 1185822 |
| 4.10%, 11/03/32 | &nbsp;&nbsp; 1415 | 1425248 |
| 4.15%, 10/24/29 | &nbsp;&nbsp; 950 | 967556 |
| 4.35%, 01/29/29 | &nbsp;&nbsp; 1025 | 1050263 |
| 4.35%, 11/03/35 | &nbsp;&nbsp; 910 | 908826 |
| 4.55%, 01/29/34 | &nbsp;&nbsp; 1375 | 1410940 |
| 4.55%, 10/24/34<sup>(a)</sup> | &nbsp;&nbsp; 390 | 400565 |
| 4.60%, 05/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1040 | 1063884 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 602 | 649825 |
| 5.55%, 03/05/37<sup>(a)</sup> | &nbsp;&nbsp; 1362 | 1492822 |
| 5.80%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 765 | 846891 |
| Unilever Capital Corp. |  |  |
| 1.38%, 09/14/30 | &nbsp;&nbsp; 1290 | 1164382 |
| 1.75%, 08/12/31 | &nbsp;&nbsp; 1970 | 1755123 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 1890 | 1790665 |
| 2.90%, 05/05/27 | &nbsp;&nbsp; 1815 | 1800815 |
| 3.50%, 03/22/28 | &nbsp;&nbsp; 2215 | 2208583 |
| 4.25%, 08/12/27 | &nbsp;&nbsp; 790 | 796532 |
| 4.63%, 08/12/34 | &nbsp;&nbsp; 1435 | 1459720 |
| 4.88%, 09/08/28 | &nbsp;&nbsp; 1585 | 1628385 |
| 5.00%, 12/08/33<sup>(a)</sup> | &nbsp;&nbsp; 1404 | 1471834 |
| 5.90%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2109 | 2329730 |
| Series 30Y, 2.63%, 08/12/51 | &nbsp;&nbsp; 905 | 577174 |
|  |  | 90871108 |
| **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** |
| Ferguson Finance PLC |  |  |
| 3.25%, 06/02/30<sup>(b)</sup> | &nbsp;&nbsp; 1148 | 1102973 |
| 4.25%, 04/20/27<sup>(b)</sup> | &nbsp;&nbsp; 545 | 546445 |
| 4.50%, 10/24/28<sup>(b)</sup> | &nbsp;&nbsp; 1700 | 1715202 |
| 4.65%, 04/20/32<sup>(b)</sup> | &nbsp;&nbsp; 1165 | 1173563 |
| LKQ Corp. |  |  |
| 5.75%, 06/15/28 | &nbsp;&nbsp; 870 | 893506 |
| 6.25%, 06/15/33 | &nbsp;&nbsp; 825 | 874331 |
| Marubeni Corp., 5.38%, 04/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 455 | 479387 |
| Mitsubishi Corp. |  |  |
| 4.00%, 09/09/28<sup>(b)</sup> | &nbsp;&nbsp; 1135 | 1139356 |
| 4.13%, 09/09/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1130 | 1138148 |
| 4.88%, 09/09/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 570 | 578913 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Distribution & Wholesale (continued)** | **Distribution & Wholesale (continued)** | **Distribution & Wholesale (continued)** |
| 5.00%, 07/05/28<sup>(b)</sup> | &nbsp;&nbsp; $1075 | $1101247 |
| 5.00%, 07/02/29<sup>(b)</sup> | &nbsp;&nbsp; 1575 | 1626781 |
| 5.13%, 07/17/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 870 | 904299 |
| WW Grainger, Inc. |  |  |
| 3.75%, 05/15/46<sup>(a)</sup> | &nbsp;&nbsp; 975 | 792126 |
| 4.20%, 05/15/47 | &nbsp;&nbsp; 766 | 660504 |
| 4.45%, 09/15/34 | &nbsp;&nbsp; 265 | 265853 |
| 4.60%, 06/15/45 | &nbsp;&nbsp; 1433 | 1320115 |
|  |  | 16312749 |
| **Diversified Financial Services — 3.3%** | **Diversified Financial Services — 3.3%** | **Diversified Financial Services — 3.3%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.00%, 10/29/28 | &nbsp;&nbsp; 6455 | 6279548 |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 6315 | 5901371 |
| 3.40%, 10/29/33 | &nbsp;&nbsp; 2695 | 2459844 |
| 3.65%, 07/21/27 | &nbsp;&nbsp; 1512 | 1506502 |
| 3.85%, 10/29/41 | &nbsp;&nbsp; 3835 | 3192784 |
| 3.88%, 01/23/28<sup>(a)</sup> | &nbsp;&nbsp; 1163 | 1160615 |
| 4.13%, 02/28/29 | &nbsp;&nbsp; 980 | 980513 |
| 4.38%, 11/15/30 | &nbsp;&nbsp; 690 | 691821 |
| 4.63%, 10/15/27 | &nbsp;&nbsp; 773 | 780146 |
| 4.63%, 09/10/29 | &nbsp;&nbsp; 2015 | 2043194 |
| 4.75%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 600 | 601175 |
| 4.88%, 04/01/28 | &nbsp;&nbsp; 1300 | 1321806 |
| 4.95%, 09/10/34 | &nbsp;&nbsp; 2150 | 2155531 |
| 5.00%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1175 | 1173277 |
| 5.10%, 01/19/29 | &nbsp;&nbsp; 1295 | 1329661 |
| 5.30%, 01/19/34 | &nbsp;&nbsp; 2050 | 2108997 |
| 5.38%, 12/15/31 | &nbsp;&nbsp; 1035 | 1080262 |
| 5.75%, 06/06/28<sup>(a)</sup> | &nbsp;&nbsp; 2330 | 2412982 |
| 6.15%, 09/30/30 | &nbsp;&nbsp; 1590 | 1706798 |
| 6.45%, 04/15/27 | &nbsp;&nbsp; 1725 | 1768411 |
| 6.50%, 01/31/56, (5-year CMT + 2.44%)<sup>(d)</sup> | &nbsp;&nbsp; 700 | 725677 |
| 6.95%, 03/10/55, (5-year CMT + 2.72%)<sup>(d)</sup> | &nbsp;&nbsp; 920 | 972325 |
| Affiliated Managers Group, Inc. |  |  |
| 3.30%, 06/15/30 | &nbsp;&nbsp; 1132 | 1086379 |
| 5.50%, 08/20/34 | &nbsp;&nbsp; 590 | 603491 |
| 5.50%, 02/15/36 | &nbsp;&nbsp; 720 | 725897 |
| Air Lease Corp. |  |  |
| 2.10%, 09/01/28 | &nbsp;&nbsp; 1047 | 994614 |
| 2.88%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1165 | 1058290 |
| 3.00%, 02/01/30 | &nbsp;&nbsp; 875 | 828895 |
| 3.13%, 12/01/30 | &nbsp;&nbsp; 1254 | 1179457 |
| 3.25%, 10/01/29 | &nbsp;&nbsp; 985 | 950363 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 1158 | 1150123 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 855 | 849184 |
| 4.63%, 10/01/28 | &nbsp;&nbsp; 840 | 847284 |
| 5.10%, 03/01/29 | &nbsp;&nbsp; 715 | 731321 |
| 5.20%, 07/15/31 | &nbsp;&nbsp; 915 | 939193 |
| 5.30%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1165 | 1189299 |
| 5.85%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1160 | 1194666 |
| Air Lease Corp. Sukuk Ltd., 5.85%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 215 | 219665 |
| Aircastle Ltd. |  |  |
| 2.85%, 01/26/28<sup>(b)</sup> | &nbsp;&nbsp; 1392 | 1359401 |
| 5.95%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1255 | 1314127 |
| 6.50%, 07/18/28<sup>(b)</sup> | &nbsp;&nbsp; 1380 | 1450342 |
| Aircastle Ltd./Aircastle Ireland DAC |  |  |
| 5.00%, 09/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1315 | 1344540 |
| 5.25%, 03/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 795 | 820651 |
| 5.75%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 795 | 837849 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Ally Financial, Inc. |  |  |
| 2.20%, 11/02/28 | &nbsp;&nbsp; $1460 | $1389652 |
| 4.75%, 06/09/27 | &nbsp;&nbsp; 1225 | 1234578 |
| 5.54%, 01/17/31, (1-day SOFR Index + <br> 1.73%)<sup>(d)</sup><br>| &nbsp;&nbsp; 925 | 950968 |
| 5.55%, 07/31/33, (1-day SOFR + 1.78%)<sup>(d)</sup> | &nbsp;&nbsp; 1320 | 1331775 |
| 5.74%, 05/15/29, (1-day SOFR Index + <br> 1.96%)<sup>(d)</sup><br>| &nbsp;&nbsp; 965 | 990811 |
| 6.18%, 07/26/35, (1-day SOFR + 2.29%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1365 | 1408990 |
| 6.85%, 01/03/30, (1-day SOFR + 2.82%)<sup>(d)</sup> | &nbsp;&nbsp; 1400 | 1482119 |
| 6.99%, 06/13/29, (1-day SOFR + 3.26%)<sup>(d)</sup> | &nbsp;&nbsp; 1479 | 1557847 |
| 7.10%, 11/15/27 | &nbsp;&nbsp; 1419 | 1487430 |
| 8.00%, 11/01/31<sup>(a)</sup> | &nbsp;&nbsp; 4415 | 5014839 |
| American Express Co. |  |  |
| 2.55%, 03/04/27 | &nbsp;&nbsp; 2958 | 2924828 |
| 3.30%, 05/03/27 | &nbsp;&nbsp; 2704 | 2691008 |
| 4.01%, 02/09/29, (1-day SOFR + 0.58%)<sup>(d)</sup> | &nbsp;&nbsp; 2375 | 2382086 |
| 4.05%, 05/03/29 | &nbsp;&nbsp; 2050 | 2067573 |
| 4.05%, 12/03/42<sup>(a)</sup> | &nbsp;&nbsp; 1905 | 1662118 |
| 4.35%, 07/20/29, (1-day SOFR + 0.81%)<sup>(d)</sup> | &nbsp;&nbsp; 3120 | 3149365 |
| 4.42%, 08/03/33, (1-day SOFR + 1.76%)<sup>(d)</sup> | &nbsp;&nbsp; 2435 | 2433288 |
| 4.46%, 02/10/32, (1-day SOFR + 0.87%)<sup>(d)</sup> | &nbsp;&nbsp; 1575 | 1590434 |
| 4.73%, 04/25/29, (1-day SOFR + 1.26%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2545 | 2587151 |
| 4.80%, 10/24/36, (1-day SOFR + 1.24%)<sup>(d)</sup> | &nbsp;&nbsp; 3030 | 3000868 |
| 4.92%, 07/20/33, (1-day SOFR + 1.22%)<sup>(d)</sup> | &nbsp;&nbsp; 2560 | 2622392 |
| 4.99%, 05/26/33, (1-day SOFR + 2.26%)<sup>(d)</sup> | &nbsp;&nbsp; 1551 | 1582700 |
| 5.02%, 04/25/31, (1-day SOFR + 1.44%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2610 | 2696721 |
| 5.04%, 07/26/28, (1-day SOFR + 0.93%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1905 | 1934771 |
| 5.04%, 05/01/34, (1-day SOFR + 1.84%)<sup>(d)</sup> | &nbsp;&nbsp; 2140 | 2199983 |
| 5.09%, 01/30/31, (1-day SOFR Index + <br> 1.02%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2570 | 2655240 |
| 5.28%, 07/27/29, (1-day SOFR Index + <br> 1.28%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2635 | 2714766 |
| 5.28%, 07/26/35, (1-day SOFR + 1.42%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2585 | 2684135 |
| 5.41%, 02/08/41, (5-year CMT + 1.15%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 105 | 107295 |
| 5.44%, 01/30/36, (1-day SOFR Index + <br> 1.32%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2700 | 2813926 |
| 5.53%, 04/25/30, (1-day SOFR Index + <br> 1.09%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2285 | 2386020 |
| 5.63%, 07/28/34, (1-day SOFR + 1.93%)<sup>(d)</sup> | &nbsp;&nbsp; 1010 | 1058327 |
| 5.67%, 04/25/36, (1-day SOFR + 1.79%)<sup>(d)</sup> | &nbsp;&nbsp; 2445 | 2589301 |
| 5.85%, 11/05/27<sup>(a)</sup> | &nbsp;&nbsp; 2485 | 2564224 |
| 5.92%, 04/25/35, (1-day SOFR + 1.63%)<sup>(d)</sup> | &nbsp;&nbsp; 1030 | 1100169 |
| 6.49%, 10/30/31, (1-day SOFR + 1.94%)<sup>(d)</sup> | &nbsp;&nbsp; 2015 | 2207473 |
| American Express Credit Corp., 3.30%, <br> 05/03/27<br>| &nbsp;&nbsp; 650 | 646412 |
| Ameriprise Financial, Inc. |  |  |
| 4.50%, 05/13/32<sup>(a)</sup> | &nbsp;&nbsp; 1075 | 1086862 |
| 5.15%, 05/15/33 | &nbsp;&nbsp; 1045 | 1085211 |
| 5.20%, 04/15/35 | &nbsp;&nbsp; 1245 | 1266923 |
| 5.70%, 12/15/28 | &nbsp;&nbsp; 1685 | 1763622 |
| Andrew W Mellon Foundation (The), Series <br> 2020, 0.95%, 08/01/27<sup>(a)</sup><br>| &nbsp;&nbsp; 1035 | 995881 |
| Apollo Global Management, Inc. |  |  |
| 4.60%, 01/15/31 | &nbsp;&nbsp; 650 | 654422 |
| 5.15%, 08/12/35<sup>(a)</sup> | &nbsp;&nbsp; 1945 | 1926853 |
| 5.80%, 05/21/54<sup>(a)</sup> | &nbsp;&nbsp; 1530 | 1448404 |
| 6.00%, 12/15/54, (5-year CMT + 2.17%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 400 | 384278 |
| 6.38%, 11/15/33 | &nbsp;&nbsp; 1075 | 1173955 |
| Ares Finance Co. II LLC, 3.25%, 06/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1080 | 1034130 |
| Ares Finance Co. IV LLC, 3.65%, 02/01/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 965 | 656146 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Ares Management Corp. |  |  |
| 5.60%, 10/11/54<sup>(a)</sup> | &nbsp;&nbsp; $1325 | $1204191 |
| 6.38%, 11/10/28 | &nbsp;&nbsp; 1010 | 1059671 |
| Atlas Warehouse Lending Co. LP |  |  |
| 4.63%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp; 975 | 975023 |
| 4.95%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 70 | 70104 |
| 5.25%, 01/15/33<sup>(b)</sup> | &nbsp;&nbsp; 600 | 596354 |
| 6.05%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 360 | 369122 |
| 6.25%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1655 | 1734299 |
| Aviation Capital Group LLC |  |  |
| 3.50%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp; 1090 | 1078194 |
| 4.25%, 04/30/29<sup>(b)</sup> | &nbsp;&nbsp; 720 | 720020 |
| 4.75%, 04/14/27<sup>(b)</sup> | &nbsp;&nbsp; 215 | 216337 |
| 4.80%, 10/24/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1810 | 1828757 |
| 4.88%, 01/28/33<sup>(b)</sup> | &nbsp;&nbsp; 725 | 722521 |
| 5.13%, 04/10/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 815 | 837334 |
| 5.38%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp; 940 | 971001 |
| 6.25%, 04/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1440 | 1496441 |
| 6.38%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 574 | 616515 |
| 6.75%, 10/25/28<sup>(b)</sup> | &nbsp;&nbsp; 765 | 811312 |
| Avilease Capital Ltd., 4.75%, 11/12/30<sup>(b)</sup> | &nbsp;&nbsp; 520 | 518212 |
| Avolon Holdings Funding Ltd. |  |  |
| 2.53%, 11/18/27<sup>(b)</sup> | &nbsp;&nbsp; 1323 | 1288150 |
| 2.75%, 02/21/28<sup>(b)</sup> | &nbsp;&nbsp; 1885 | 1834014 |
| 4.20%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 450 | 448801 |
| 4.70%, 01/30/31<sup>(b)</sup> | &nbsp;&nbsp; 1015 | 1018544 |
| 4.85%, 04/01/33<sup>(b)</sup> | &nbsp;&nbsp; 535 | 530276 |
| 4.95%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 2070 | 2097492 |
| 4.95%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 2165 | 2170183 |
| 5.15%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1045 | 1070136 |
| 5.38%, 05/30/30<sup>(b)</sup> | &nbsp;&nbsp; 1495 | 1546284 |
| 5.75%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp; 1903 | 1979759 |
| 5.75%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1515 | 1583210 |
| 6.38%, 05/04/28<sup>(b)</sup> | &nbsp;&nbsp; 1955 | 2037588 |
| BGC Group, Inc. |  |  |
| 6.15%, 04/02/30 | &nbsp;&nbsp; 1215 | 1265452 |
| 6.60%, 06/10/29 | &nbsp;&nbsp; 935 | 982372 |
| 8.00%, 05/25/28 | &nbsp;&nbsp; 815 | 871209 |
| Blackstone Holdings Finance Co. LLC |  |  |
| 1.60%, 03/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1378 | 1209448 |
| 1.63%, 08/05/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1678 | 1586071 |
| 2.00%, 01/30/32<sup>(b)</sup> | &nbsp;&nbsp; 2543 | 2207768 |
| 2.50%, 01/10/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1443 | 1357381 |
| 2.55%, 03/30/32<sup>(b)</sup> | &nbsp;&nbsp; 675 | 602874 |
| 2.80%, 09/30/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 772 | 475539 |
| 2.85%, 08/05/51<sup>(b)</sup> | &nbsp;&nbsp; 1050 | 655327 |
| 3.15%, 10/02/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 592 | 584703 |
| 3.20%, 01/30/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 1765 | 1173647 |
| 3.50%, 09/10/49<sup>(b)</sup> | &nbsp;&nbsp; 840 | 604458 |
| 4.00%, 10/02/47<sup>(b)</sup> | &nbsp;&nbsp; 829 | 651448 |
| 4.45%, 07/15/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 695 | 598721 |
| 5.00%, 06/15/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 841 | 783977 |
| 5.90%, 11/03/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1385 | 1425116 |
| 6.20%, 04/22/33<sup>(b)</sup> | &nbsp;&nbsp; 1795 | 1946256 |
| 6.25%, 08/15/42<sup>(b)</sup> | &nbsp;&nbsp; 431 | 457067 |
| Blue Owl Finance LLC |  |  |
| 3.13%, 06/10/31 | &nbsp;&nbsp; 1368 | 1215951 |
| 4.13%, 10/07/51<sup>(a)</sup> | &nbsp;&nbsp; 665 | 441924 |
| 4.38%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 920 | 857779 |
| 6.25%, 04/18/34<sup>(a)</sup> | &nbsp;&nbsp; 1735 | 1733344 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| BOC Aviation Ltd. |  |  |
| 2.63%, 09/17/30<sup>(a)(b)</sup> | &nbsp;&nbsp; $1370 | $1295196 |
| 3.00%, 09/11/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1061 | 1027172 |
| 3.50%, 09/18/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1215 | 1208289 |
| BOC Aviation USA Corp. |  |  |
| 4.63%, 09/04/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 735 | 756071 |
| 4.88%, 05/03/33<sup>(b)</sup> | &nbsp;&nbsp; 1135 | 1177473 |
| 5.25%, 01/14/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 880 | 919148 |
| 5.75%, 11/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1605 | 1679741 |
| Brookfield Asset Management Ltd. |  |  |
| 4.65%, 11/15/30 | &nbsp;&nbsp; 1265 | 1278606 |
| 5.30%, 01/15/36 | &nbsp;&nbsp; 765 | 761202 |
| 5.80%, 04/24/35 | &nbsp;&nbsp; 1455 | 1510108 |
| 6.08%, 09/15/55 | &nbsp;&nbsp; 1575 | 1601324 |
| Brookfield Capital Finance LLC, 6.09%, <br> 06/14/33<br>| &nbsp;&nbsp; 759 | 805754 |
| Brookfield Finance I U.K. PLC/Brookfield <br> Finance, Inc., 2.34%, 01/30/32<br>| &nbsp;&nbsp; 1690 | 1492327 |
| Brookfield Finance LLC/Brookfield Finance, <br> Inc., 3.45%, 04/15/50<br>| &nbsp;&nbsp; 394 | 266521 |
| Brookfield Finance, Inc. |  |  |
| 2.72%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1345 | 1239273 |
| 3.50%, 03/30/51 | &nbsp;&nbsp; 1405 | 959838 |
| 3.63%, 02/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 695492 |
| 3.90%, 01/25/28<sup>(a)</sup> | &nbsp;&nbsp; 2379 | 2373611 |
| 4.35%, 04/15/30 | &nbsp;&nbsp; 2214 | 2218250 |
| 4.70%, 09/20/47 | &nbsp;&nbsp; 1813 | 1563218 |
| 4.85%, 03/29/29 | &nbsp;&nbsp; 2441 | 2485914 |
| 5.33%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 2085 | 2080808 |
| 5.68%, 01/15/35 | &nbsp;&nbsp; 1525 | 1575490 |
| 5.97%, 03/04/54<sup>(a)</sup> | &nbsp;&nbsp; 1875 | 1867158 |
| 6.35%, 01/05/34<sup>(a)</sup> | &nbsp;&nbsp; 1235 | 1338681 |
| Caja de Compensacion de Asignacion Familiar <br> de Los Andes, 7.00%, 07/30/29<sup>(b)</sup><br>| &nbsp;&nbsp; 125 | 132353 |
| Cantor Fitzgerald LP |  |  |
| 4.50%, 04/14/27<sup>(b)</sup> | &nbsp;&nbsp; 655 | 655332 |
| 7.20%, 12/12/28<sup>(b)</sup> | &nbsp;&nbsp; 1250 | 1327206 |
| Capital One Financial Corp. |  |  |
| 2.36%, 07/29/32, (1-day SOFR + 1.34%)<sup>(d)</sup> | &nbsp;&nbsp; 1109 | 977232 |
| 2.62%, 11/02/32, (1-day SOFR + 1.27%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1655 | 1498653 |
| 3.27%, 03/01/30, (1-day SOFR + 1.79%)<sup>(d)</sup> | &nbsp;&nbsp; 2575 | 2511494 |
| 3.65%, 05/11/27 | &nbsp;&nbsp; 1697 | 1691025 |
| 3.75%, 03/09/27 | &nbsp;&nbsp; 2011 | 2008416 |
| 3.80%, 01/31/28 | &nbsp;&nbsp; 2664 | 2656431 |
| 4.49%, 09/11/31, (1-day SOFR + 1.25%)<sup>(d)</sup> | &nbsp;&nbsp; 1805 | 1805341 |
| 4.93%, 05/10/28, (1-day SOFR + 2.06%)<sup>(d)</sup> | &nbsp;&nbsp; 2875 | 2903362 |
| 5.20%, 09/11/36, (1-day SOFR + 1.63%)<sup>(d)</sup> | &nbsp;&nbsp; 1885 | 1879782 |
| 5.25%, 07/26/30, (1-day SOFR + 2.60%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1595 | 1648170 |
| 5.27%, 05/10/33, (1-day SOFR + 2.37%)<sup>(d)</sup> | &nbsp;&nbsp; 2213 | 2272412 |
| 5.40%, 01/30/37, (1-day SOFR + 1.51%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 145 | 146316 |
| 5.46%, 07/26/30, (1-day SOFR + 1.56%)<sup>(d)</sup> | &nbsp;&nbsp; 1640 | 1700950 |
| 5.47%, 02/01/29, (1-day SOFR + 2.08%)<sup>(d)</sup> | &nbsp;&nbsp; 2025 | 2076197 |
| 5.70%, 02/01/30, (1-day SOFR + 1.91%)<sup>(d)</sup> | &nbsp;&nbsp; 1610 | 1676708 |
| 5.82%, 02/01/34, (1-day SOFR + 2.60%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2200 | 2321444 |
| 5.88%, 07/26/35, (1-day SOFR + 1.99%)<sup>(d)</sup> | &nbsp;&nbsp; 1690 | 1781213 |
| 6.05%, 02/01/35, (1-day SOFR + 2.26%)<sup>(d)</sup> | &nbsp;&nbsp; 1755 | 1864495 |
| 6.18%, 01/30/36, (1-day SOFR + 2.04%)<sup>(d)</sup> | &nbsp;&nbsp; 3905 | 4060924 |
| 6.31%, 06/08/29, (1-day SOFR + 2.64%)<sup>(d)</sup> | &nbsp;&nbsp; 2735 | 2862732 |
| 6.38%, 06/08/34, (1-day SOFR + 2.86%)<sup>(d)</sup> | &nbsp;&nbsp; 3410 | 3696899 |
| 6.70%, 11/29/32 | &nbsp;&nbsp; 1160 | 1288832 |
| 7.62%, 10/30/31, (1-day SOFR + 3.07%)<sup>(d)</sup> | &nbsp;&nbsp; 3075 | 3465984 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 7.96%, 11/02/34, (1-day SOFR + 3.37%)<sup>(d)</sup> | &nbsp;&nbsp; $2085 | $2454298 |
| Cboe Global Markets, Inc. |  |  |
| 1.63%, 12/15/30 | &nbsp;&nbsp; 903 | 806777 |
| 3.00%, 03/16/32 | &nbsp;&nbsp; 605 | 565794 |
| Charles Schwab Corp.(The) |  |  |
| 1.65%, 03/11/31<sup>(a)</sup> | &nbsp;&nbsp; 2129 | 1887728 |
| 1.95%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1412 | 1252719 |
| 2.00%, 03/20/28 | &nbsp;&nbsp; 2330 | 2250903 |
| 2.30%, 05/13/31 | &nbsp;&nbsp; 1760 | 1610080 |
| 2.45%, 03/03/27 | &nbsp;&nbsp; 2294 | 2264821 |
| 2.75%, 10/01/29 | &nbsp;&nbsp; 982 | 944315 |
| 2.90%, 03/03/32 | &nbsp;&nbsp; 2235 | 2068714 |
| 3.20%, 03/02/27<sup>(a)</sup> | &nbsp;&nbsp; 925 | 920064 |
| 3.20%, 01/25/28 | &nbsp;&nbsp; 1775 | 1759742 |
| 3.25%, 05/22/29<sup>(a)</sup> | &nbsp;&nbsp; 1140 | 1120519 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 1169 | 1162454 |
| 4.00%, 02/01/29 | &nbsp;&nbsp; 1594 | 1606240 |
| 4.34%, 11/14/31, (1-day SOFR + 0.94%)<sup>(d)</sup> | &nbsp;&nbsp; 1970 | 1982475 |
| 4.63%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp; 980 | 1008739 |
| 4.91%, 11/14/36, (1-day SOFR + 1.23%)<sup>(d)</sup> | &nbsp;&nbsp; 1800 | 1800540 |
| 5.64%, 05/19/29, (1-day SOFR + 2.21%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 2255 | 2340609 |
| 5.85%, 05/19/34, (1-day SOFR + 2.50%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1740 | 1870908 |
| 6.14%, 08/24/34, (1-day SOFR + 2.01%)<sup>(d)</sup> | &nbsp;&nbsp; 2340 | 2557452 |
| 6.20%, 11/17/29, (1-day SOFR + 1.88%)<sup>(d)</sup> | &nbsp;&nbsp; 2494 | 2639587 |
| CI Financial Corp. |  |  |
| 3.20%, 12/17/30 | &nbsp;&nbsp; 1690 | 1548867 |
| 4.10%, 06/15/51 | &nbsp;&nbsp; 685 | 481427 |
| 7.50%, 05/30/29<sup>(b)</sup> | &nbsp;&nbsp; 890 | 950474 |
| Citadel Finance LLC |  |  |
| 4.75%, 02/14/29<sup>(b)</sup> | &nbsp;&nbsp; 760 | 756417 |
| 5.15%, 02/14/31<sup>(b)</sup> | &nbsp;&nbsp; 750 | 746975 |
| 5.90%, 02/10/30<sup>(b)</sup> | &nbsp;&nbsp; 2160 | 2216142 |
| Citadel LP |  |  |
| 6.00%, 01/23/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 780 | 814919 |
| 6.38%, 01/23/32<sup>(b)</sup> | &nbsp;&nbsp; 950 | 1005345 |
| Citadel Securities Global Holdings LLC |  |  |
| 5.50%, 06/18/30<sup>(b)</sup> | &nbsp;&nbsp; 215 | 221194 |
| 6.20%, 06/18/35<sup>(b)</sup> | &nbsp;&nbsp; 905 | 956878 |
| Citigroup Global Markets Holdings, Inc., 5.00%, <br> 05/28/29<br>| &nbsp;&nbsp; 20 | 20759 |
| CME Group, Inc. |  |  |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 1765 | 1632493 |
| 3.75%, 06/15/28 | &nbsp;&nbsp; 1997 | 1997146 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 1281 | 1098905 |
| 4.40%, 03/15/30 | &nbsp;&nbsp; 2560 | 2607369 |
| 5.30%, 09/15/43 | &nbsp;&nbsp; 1351 | 1380099 |
| Eaton Vance Corp., 3.50%, 04/06/27 | &nbsp;&nbsp; 576 | 574263 |
| Enact Holdings, Inc., 6.25%, 05/28/29 | &nbsp;&nbsp; 1105 | 1159577 |
| Equitable America Global Funding |  |  |
| 3.95%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 125 | 124911 |
| 4.30%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1095 | 1100548 |
| 4.65%, 06/09/28<sup>(b)</sup> | &nbsp;&nbsp; 1490 | 1507010 |
| 4.70%, 09/15/32<sup>(b)</sup> | &nbsp;&nbsp; 700 | 696537 |
| 4.95%, 06/09/30<sup>(b)</sup> | &nbsp;&nbsp; 900 | 919506 |
| FMR LLC |  |  |
| 4.95%, 02/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 880 | 899282 |
| 5.15%, 02/01/43<sup>(b)</sup> | &nbsp;&nbsp; 447 | 435845 |
| 6.45%, 11/15/39<sup>(b)</sup> | &nbsp;&nbsp; 770 | 859239 |
| 6.50%, 12/14/40<sup>(b)</sup> | &nbsp;&nbsp; 820 | 921868 |
| 7.57%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1670 | 1843239 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Franklin Resources, Inc. |  |  |
| 1.60%, 10/30/30 | &nbsp;&nbsp; $1767 | $1588891 |
| 2.95%, 08/12/51 | &nbsp;&nbsp; 715 | 453716 |
| Invesco Finance PLC, 5.38%, 11/30/43 | &nbsp;&nbsp; 630 | 617192 |
| Janus Henderson U.S. Holdings, Inc., 5.45%, <br> 09/10/34<br>| &nbsp;&nbsp; 610 | 620627 |
| Jefferies Financial Group, Inc. |  |  |
| 2.63%, 10/15/31 | &nbsp;&nbsp; 2152 | 1912805 |
| 2.75%, 10/15/32 | &nbsp;&nbsp; 1135 | 991205 |
| 4.15%, 01/23/30 | &nbsp;&nbsp; 3496 | 3438093 |
| 5.50%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1395 | 1371976 |
| 5.88%, 07/21/28 | &nbsp;&nbsp; 2325 | 2400332 |
| 6.20%, 04/14/34<sup>(a)</sup> | &nbsp;&nbsp; 2860 | 2990971 |
| 6.25%, 01/15/36 | &nbsp;&nbsp; 1075 | 1118864 |
| 6.45%, 06/08/27<sup>(a)</sup> | &nbsp;&nbsp; 632 | 648085 |
| 6.50%, 01/20/43<sup>(a)</sup> | &nbsp;&nbsp; 864 | 879099 |
| 6.63%, 10/23/43 | &nbsp;&nbsp; 430 | 432203 |
| KKR Group Finance Co. II LLC, 5.50%, <br> 02/01/43<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1008 | 978213 |
| Lazard Group LLC |  |  |
| 4.38%, 03/11/29<sup>(a)</sup> | &nbsp;&nbsp; 1347 | 1349924 |
| 4.50%, 09/19/28 | &nbsp;&nbsp; 1116 | 1122879 |
| 5.63%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 475 | 492483 |
| 6.00%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 580 | 619441 |
| Legg Mason, Inc., 5.63%, 01/15/44<sup>(a)</sup> | &nbsp;&nbsp; 941 | 941502 |
| LPL Holdings, Inc. |  |  |
| 4.00%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2140 | 2110906 |
| 4.38%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 660 | 645787 |
| 4.63%, 11/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2160 | 2158675 |
| 4.90%, 04/03/28<sup>(a)</sup> | &nbsp;&nbsp; 1005 | 1016630 |
| 5.15%, 06/15/30 | &nbsp;&nbsp; 1445 | 1474556 |
| 5.20%, 03/15/30 | &nbsp;&nbsp; 1585 | 1618308 |
| 5.65%, 03/15/35 | &nbsp;&nbsp; 1200 | 1217609 |
| 5.70%, 05/20/27 | &nbsp;&nbsp; 920 | 935301 |
| 5.75%, 06/15/35 | &nbsp;&nbsp; 480 | 490322 |
| 6.00%, 05/20/34 | &nbsp;&nbsp; 1320 | 1375491 |
| 6.75%, 11/17/28 | &nbsp;&nbsp; 1575 | 1670209 |
| LSEG U.S. Fin Corp. |  |  |
| 4.88%, 03/28/27<sup>(b)</sup> | &nbsp;&nbsp; 900 | 908221 |
| 5.30%, 03/28/34<sup>(b)</sup> | &nbsp;&nbsp; 1265 | 1304734 |
| LSEGA Financing PLC |  |  |
| 2.00%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp; 2558 | 2455373 |
| 2.50%, 04/06/31<sup>(b)</sup> | &nbsp;&nbsp; 2108 | 1927350 |
| 3.20%, 04/06/41<sup>(b)</sup> | &nbsp;&nbsp; 1646 | 1280335 |
| Macquarie Airfinance Holdings Ltd. |  |  |
| 5.15%, 03/17/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 735 | 750997 |
| 5.20%, 03/27/28<sup>(b)</sup> | &nbsp;&nbsp; 840 | 854059 |
| 6.40%, 03/26/29<sup>(b)</sup> | &nbsp;&nbsp; 775 | 817272 |
| 6.50%, 03/26/31<sup>(b)</sup> | &nbsp;&nbsp; 780 | 841614 |
| Marex Group PLC |  |  |
| 5.83%, 05/08/28 | &nbsp;&nbsp; 220 | 224385 |
| 6.40%, 11/04/29 | &nbsp;&nbsp; 1165 | 1219590 |
| Mastercard, Inc. |  |  |
| 1.90%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1275 | 1157208 |
| 2.00%, 11/18/31 | &nbsp;&nbsp; 1720 | 1548124 |
| 2.95%, 06/01/29 | &nbsp;&nbsp; 2460 | 2397837 |
| 2.95%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1136 | 757162 |
| 3.30%, 03/26/27 | &nbsp;&nbsp; 1553 | 1546184 |
| 3.35%, 03/26/30 | &nbsp;&nbsp; 2540 | 2496170 |
| 3.50%, 02/26/28 | &nbsp;&nbsp; 1051 | 1050055 |
| 3.65%, 06/01/49 | &nbsp;&nbsp; 1917 | 1476743 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 3.80%, 11/21/46 | &nbsp;&nbsp; $1115 | $903896 |
| 3.85%, 03/26/50 | &nbsp;&nbsp; 2929 | 2329878 |
| 3.95%, 02/26/48 | &nbsp;&nbsp; 1000 | 816718 |
| 4.10%, 01/15/28 | &nbsp;&nbsp; 1900 | 1916778 |
| 4.35%, 01/15/32 | &nbsp;&nbsp; 1210 | 1226398 |
| 4.55%, 03/15/28 | &nbsp;&nbsp; 1060 | 1077461 |
| 4.55%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1185 | 1192588 |
| 4.85%, 03/09/33 | &nbsp;&nbsp; 1270 | 1314408 |
| 4.88%, 03/09/28<sup>(a)</sup> | &nbsp;&nbsp; 1135 | 1159840 |
| 4.88%, 05/09/34 | &nbsp;&nbsp; 1950 | 2011486 |
| 4.95%, 03/15/32 | &nbsp;&nbsp; 945 | 988055 |
| Midcap Financial Issuer Trust, 5.63%, <br> 01/15/30<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 24289 |
| Mitsubishi HC Capital, Inc. |  |  |
| 3.97%, 04/13/30<sup>(b)</sup> | &nbsp;&nbsp; 150 | 148704 |
| 5.08%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 1095 | 1110308 |
| Mitsubishi HC Finance America LLC |  |  |
| 4.56%, 01/14/31<sup>(b)</sup> | &nbsp;&nbsp; 710 | 718431 |
| 5.15%, 10/24/29<sup>(b)</sup> | &nbsp;&nbsp; 240 | 248139 |
| 5.66%, 02/28/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 775 | 820037 |
| 5.81%, 09/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 660 | 685940 |
| Nasdaq, Inc. |  |  |
| 1.65%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1346 | 1200378 |
| 2.50%, 12/21/40 | &nbsp;&nbsp; 2114 | 1524239 |
| 3.25%, 04/28/50<sup>(a)</sup> | &nbsp;&nbsp; 1315 | 901770 |
| 3.95%, 03/07/52 | &nbsp;&nbsp; 909 | 690248 |
| 5.35%, 06/28/28 | &nbsp;&nbsp; 2435 | 2507286 |
| 5.55%, 02/15/34 | &nbsp;&nbsp; 2477 | 2610581 |
| 5.95%, 08/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1135 | 1176445 |
| 6.10%, 06/28/63<sup>(a)</sup> | &nbsp;&nbsp; 1415 | 1469576 |
| Neuberger Berman Group LLC/Neuberger <br> Berman Finance Corp.<br>|  |  |
| 4.50%, 03/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 568 | 568416 |
| 4.88%, 04/15/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 440 | 390566 |
| Nomura Holdings, Inc. |  |  |
| 2.17%, 07/14/28 | &nbsp;&nbsp; 1954 | 1870032 |
| 2.61%, 07/14/31 | &nbsp;&nbsp; 1870 | 1705110 |
| 2.68%, 07/16/30 | &nbsp;&nbsp; 2109 | 1972499 |
| 2.71%, 01/22/29 | &nbsp;&nbsp; 795 | 765134 |
| 3.00%, 01/22/32<sup>(a)</sup> | &nbsp;&nbsp; 1600 | 1479703 |
| 3.10%, 01/16/30 | &nbsp;&nbsp; 2925 | 2805724 |
| 4.90%, 07/01/30 | &nbsp;&nbsp; 1470 | 1504038 |
| 5.04%, 06/10/36, (5-year CMT + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 680 | 681388 |
| 5.39%, 07/06/27 | &nbsp;&nbsp; 200 | 203459 |
| 5.49%, 06/29/35<sup>(a)</sup> | &nbsp;&nbsp; 1460 | 1523180 |
| 5.59%, 07/02/27 | &nbsp;&nbsp; 200 | 204061 |
| 5.61%, 07/06/29 | &nbsp;&nbsp; 915 | 955804 |
| 5.78%, 07/03/34<sup>(a)</sup> | &nbsp;&nbsp; 1680 | 1787382 |
| 5.84%, 01/18/28 | &nbsp;&nbsp; 2100 | 2167373 |
| 6.07%, 07/12/28 | &nbsp;&nbsp; 1595 | 1666647 |
| 6.09%, 07/12/33<sup>(a)</sup> | &nbsp;&nbsp; 1150 | 1248628 |
| 6.18%, 01/18/33 | &nbsp;&nbsp; 790 | 861085 |
| Nuveen LLC |  |  |
| 4.00%, 11/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2395 | 2398440 |
| 5.55%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1600 | 1670069 |
| 5.85%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 1195 | 1270554 |
| ORIX Corp. |  |  |
| 2.25%, 03/09/31 | &nbsp;&nbsp; 885 | 807102 |
| 3.70%, 07/18/27<sup>(a)</sup> | &nbsp;&nbsp; 600 | 598758 |
| 4.00%, 04/13/32 | &nbsp;&nbsp; 910 | 897713 |
| 4.45%, 09/09/30<sup>(a)</sup> | &nbsp;&nbsp; 1240 | 1253989 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 4.65%, 09/10/29<sup>(a)</sup> | &nbsp;&nbsp; $750 | $768377 |
| 5.00%, 09/13/27 | &nbsp;&nbsp; 570 | 579073 |
| 5.20%, 09/13/32<sup>(a)</sup> | &nbsp;&nbsp; 735 | 771207 |
| 5.40%, 02/25/35 | &nbsp;&nbsp; 820 | 855926 |
| Power Finance Corp. Ltd. |  |  |
| 3.95%, 04/23/30<sup>(b)</sup> | &nbsp;&nbsp; 1086 | 1072153 |
| 6.15%, 12/06/28<sup>(b)</sup> | &nbsp;&nbsp; 1040 | 1090228 |
| Radian Group, Inc. |  |  |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 890 | 892244 |
| 6.20%, 05/15/29 | &nbsp;&nbsp; 1115 | 1170575 |
| Raymond James Financial, Inc. |  |  |
| 3.75%, 04/01/51 | &nbsp;&nbsp; 1550 | 1147416 |
| 4.65%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1082 | 1106743 |
| 4.90%, 09/11/35 | &nbsp;&nbsp; 1370 | 1367716 |
| 4.95%, 07/15/46 | &nbsp;&nbsp; 1574 | 1452982 |
| 5.65%, 09/11/55 | &nbsp;&nbsp; 640 | 626317 |
| REC Ltd. |  |  |
| 4.75%, 09/27/29<sup>(b)</sup> | &nbsp;&nbsp; 305 | 309513 |
| 5.63%, 04/11/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 705 | 723677 |
| Stellantis Financial Services U.S. Corp. |  |  |
| 4.95%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1235 | 1245165 |
| 5.40%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1210 | 1223417 |
| Stifel Financial Corp., 4.00%, 05/15/30 | &nbsp;&nbsp; 810 | 799816 |
| SURA Asset Management SA, 6.35%, <br> 05/13/32<sup>(b)</sup><br>| &nbsp;&nbsp; 245 | 261587 |
| Synchrony Financial |  |  |
| 2.88%, 10/28/31 | &nbsp;&nbsp; 1840 | 1652114 |
| 3.95%, 12/01/27 | &nbsp;&nbsp; 2121 | 2111277 |
| 4.95%, 02/25/32, (1-day SOFR + 1.53%)<sup>(d)</sup> | &nbsp;&nbsp; 515 | 511960 |
| 5.02%, 07/29/29, (1-day SOFR + 1.40%)<sup>(d)</sup> | &nbsp;&nbsp; 280 | 283602 |
| 5.15%, 03/19/29 | &nbsp;&nbsp; 1463 | 1486728 |
| 5.45%, 03/06/31, (1-day SOFR + 1.68%)<sup>(d)</sup> | &nbsp;&nbsp; 550 | 561769 |
| 5.94%, 08/02/30, (1-day SOFR + 2.13%)<sup>(d)</sup> | &nbsp;&nbsp; 1705 | 1769402 |
| 6.00%, 07/29/36, (1-day SOFR + 2.07%)<sup>(d)</sup> | &nbsp;&nbsp; 830 | 845877 |
| TPG Operating Group II LP |  |  |
| 4.88%, 05/15/31 | &nbsp;&nbsp; 40 | 40177 |
| 5.38%, 01/15/36 | &nbsp;&nbsp; 620 | 612553 |
| 5.88%, 03/05/34 | &nbsp;&nbsp; 1245 | 1289270 |
| UBS Americas, Inc., 7.13%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1523 | 1757040 |
| USAA Capital Corp. |  |  |
| 2.13%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp; 672 | 625299 |
| 4.38%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 595 | 602405 |
| 5.25%, 06/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 550 | 560600 |
| Visa, Inc. |  |  |
| 0.75%, 08/15/27 | &nbsp;&nbsp; 879 | 844584 |
| 1.10%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2109 | 1854744 |
| 1.90%, 04/15/27 | &nbsp;&nbsp; 2263 | 2219522 |
| 2.00%, 08/15/50<sup>(a)</sup> | &nbsp;&nbsp; 3922 | 2162640 |
| 2.05%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2983 | 2787839 |
| 2.70%, 04/15/40 | &nbsp;&nbsp; 1768 | 1382539 |
| 2.75%, 09/15/27 | &nbsp;&nbsp; 1090 | 1076022 |
| 3.65%, 09/15/47<sup>(a)</sup> | &nbsp;&nbsp; 1607 | 1274061 |
| 3.80%, 02/12/29 | &nbsp;&nbsp; 995 | 999974 |
| 4.10%, 02/12/31 | &nbsp;&nbsp; 850 | 859855 |
| 4.15%, 12/14/35<sup>(a)</sup> | &nbsp;&nbsp; 2819 | 2758412 |
| 4.30%, 12/14/45 | &nbsp;&nbsp; 4782 | 4237555 |
| 4.40%, 02/12/33<sup>(a)</sup> | &nbsp;&nbsp; 850 | 859634 |
| 4.70%, 02/12/36 | &nbsp;&nbsp; 850 | 859055 |
| Voya Financial, Inc. |  |  |
| 4.70%, 01/23/48, (3-mo. SOFR US + <br> 2.34%)<sup>(d)</sup><br>| &nbsp;&nbsp; 659 | 633448 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 4.80%, 06/15/46 | &nbsp;&nbsp; $628 | $555283 |
| 5.00%, 09/20/34<sup>(a)</sup> | &nbsp;&nbsp; 855 | 847171 |
| 5.05%, 03/02/36 | &nbsp;&nbsp; 350 | 346015 |
| 5.70%, 07/15/43 | &nbsp;&nbsp; 746 | 737472 |
| Voya Global Funding, 4.60%, 11/24/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 205 | 208137 |
| Western Union Co.(The) |  |  |
| 2.75%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 971 | 885914 |
| 4.75%, 06/15/29 | &nbsp;&nbsp; 525 | 526216 |
| 6.20%, 11/17/36<sup>(a)</sup> | &nbsp;&nbsp; 923 | 959222 |
| 6.20%, 06/21/40<sup>(a)</sup> | &nbsp;&nbsp; 585 | 603404 |
|  |  | 553342860 |
| **Electric — 9.0%** | **Electric — 9.0%** | **Electric — 9.0%** |
| Abu Dhabi National Energy Co. PJSC |  |  |
| 2.00%, 04/29/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1145 | 1099474 |
| 3.40%, 04/29/51<sup>(b)</sup> | &nbsp;&nbsp; 1460 | 1072687 |
| 4.00%, 10/03/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 1340 | 1094849 |
| 4.38%, 01/24/29<sup>(b)</sup> | &nbsp;&nbsp; 70 | 70739 |
| 4.38%, 10/09/31<sup>(b)</sup> | &nbsp;&nbsp; 445 | 445560 |
| 4.70%, 04/24/33<sup>(b)</sup> | &nbsp;&nbsp; 1890 | 1909362 |
| 4.75%, 03/09/37<sup>(b)</sup> | &nbsp;&nbsp; 1955 | 1929448 |
| 4.88%, 04/23/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1752 | 1801515 |
| 6.50%, 10/27/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 1389 | 1589799 |
| Acwa Power Management And Investments <br> One Ltd., 5.95%, 12/15/39<sup>(b)</sup><br>| &nbsp;&nbsp; 136 | 139694 |
| Adani Electricity Mumbai Ltd. |  |  |
| 3.87%, 07/22/31<sup>(b)</sup> | &nbsp;&nbsp; 300 | 277495 |
| 3.95%, 02/12/30<sup>(b)</sup> | &nbsp;&nbsp; 647 | 613397 |
| Adani Transmission Step-One Ltd., 4.25%, <br> 05/21/36<sup>(b)</sup><br>| &nbsp;&nbsp; 366 | 333278 |
| AEP Texas, Inc. |  |  |
| 3.45%, 05/15/51 | &nbsp;&nbsp; 897 | 618580 |
| 3.80%, 10/01/47 | &nbsp;&nbsp; 742 | 556985 |
| 3.95%, 06/01/28 | &nbsp;&nbsp; 859 | 858786 |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 980 | 991842 |
| 5.25%, 05/15/52 | &nbsp;&nbsp; 825 | 760512 |
| 5.40%, 06/01/33 | &nbsp;&nbsp; 935 | 972558 |
| 5.45%, 05/15/29 | &nbsp;&nbsp; 1780 | 1856008 |
| 5.70%, 05/15/34 | &nbsp;&nbsp; 1245 | 1318783 |
| 5.85%, 10/15/55 | &nbsp;&nbsp; 1275 | 1274487 |
| Series E, 6.65%, 02/15/33 | &nbsp;&nbsp; 904 | 1010485 |
| Series G, 4.15%, 05/01/49<sup>(a)</sup> | &nbsp;&nbsp; 505 | 397217 |
| Series H, 3.45%, 01/15/50 | &nbsp;&nbsp; 798 | 559703 |
| Series I, 2.10%, 07/01/30 | &nbsp;&nbsp; 1317 | 1213458 |
| AEP Transmission Co. LLC |  |  |
| 3.15%, 09/15/49 | &nbsp;&nbsp; 490 | 336185 |
| 3.75%, 12/01/47 | &nbsp;&nbsp; 979 | 762211 |
| 3.80%, 06/15/49 | &nbsp;&nbsp; 850 | 653650 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 540 | 440687 |
| 4.25%, 09/15/48 | &nbsp;&nbsp; 660 | 550129 |
| 4.50%, 06/15/52 | &nbsp;&nbsp; 1045 | 893409 |
| 5.15%, 04/01/34 | &nbsp;&nbsp; 710 | 733871 |
| 5.38%, 06/15/35 | &nbsp;&nbsp; 660 | 689715 |
| 5.40%, 03/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1275 | 1243379 |
| Series M, 3.65%, 04/01/50 | &nbsp;&nbsp; 960 | 722415 |
| Series N, 2.75%, 08/15/51 | &nbsp;&nbsp; 732 | 453388 |
| AES Andes SA |  |  |
| 6.25%, 03/14/32<sup>(b)</sup> | &nbsp;&nbsp; 85 | 88440 |
| 6.30%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 185 | 192567 |
| AES Corp.(The) |  |  |
| 2.45%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2205 | 2044684 |
| 3.95%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1224 | 1202812 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.45%, 06/01/28 | &nbsp;&nbsp; $1865 | $1908079 |
| 5.80%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1250 | 1305771 |
| Alabama Power Co. |  |  |
| 3.00%, 03/15/52 | &nbsp;&nbsp; 790 | 518601 |
| 3.05%, 03/15/32 | &nbsp;&nbsp; 1175 | 1103065 |
| 3.13%, 07/15/51 | &nbsp;&nbsp; 1190 | 799954 |
| 3.45%, 10/01/49 | &nbsp;&nbsp; 1444 | 1052201 |
| 3.75%, 09/01/27 | &nbsp;&nbsp; 1070 | 1071484 |
| 3.75%, 03/01/45 | &nbsp;&nbsp; 1456 | 1165569 |
| 3.85%, 12/01/42 | &nbsp;&nbsp; 535 | 449377 |
| 3.94%, 09/01/32<sup>(a)</sup> | &nbsp;&nbsp; 917 | 903498 |
| 4.10%, 01/15/42<sup>(a)</sup> | &nbsp;&nbsp; 380 | 332995 |
| 4.15%, 08/15/44 | &nbsp;&nbsp; 896 | 766340 |
| 4.30%, 01/02/46<sup>(a)</sup> | &nbsp;&nbsp; 875 | 749231 |
| 5.10%, 04/02/35 | &nbsp;&nbsp; 835 | 865502 |
| 5.50%, 03/15/41 | &nbsp;&nbsp; 345 | 356903 |
| 5.70%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 484 | 519870 |
| 5.85%, 11/15/33 | &nbsp;&nbsp; 1050 | 1136521 |
| 6.00%, 03/01/39 | &nbsp;&nbsp; 1196 | 1307316 |
| 6.13%, 05/15/38 | &nbsp;&nbsp; 805 | 894935 |
| Series 11-C, 5.20%, 06/01/41<sup>(a)</sup> | &nbsp;&nbsp; 396 | 398225 |
| Series 20-A, 1.45%, 09/15/30 | &nbsp;&nbsp; 990 | 886196 |
| Series A, 4.30%, 07/15/48 | &nbsp;&nbsp; 841 | 705626 |
| Series B, 3.70%, 12/01/47 | &nbsp;&nbsp; 1206 | 935030 |
| Series C, 4.30%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1130 | 1142026 |
| Alexander Funding Trust II, 7.47%, 07/31/28<sup>(b)</sup> | &nbsp;&nbsp; 955 | 1017092 |
| Alfa Desarrollo SpA, 4.55%, 09/27/51<sup>(b)</sup> | &nbsp;&nbsp; 1299 | 1059622 |
| Alliant Energy Corp., 5.75%, 04/01/56, (5-year <br> CMT + 2.08%)<sup>(d)</sup><br>| &nbsp;&nbsp; 265 | 264144 |
| Alliant Energy Finance LLC |  |  |
| 3.60%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 404 | 382326 |
| 4.25%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp; 615 | 612841 |
| 5.40%, 06/06/27<sup>(b)</sup> | &nbsp;&nbsp; 915 | 926871 |
| 5.95%, 03/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 505 | 530798 |
| Ameren Corp. |  |  |
| 1.75%, 03/15/28 | &nbsp;&nbsp; 1125 | 1075297 |
| 1.95%, 03/15/27 | &nbsp;&nbsp; 885 | 867080 |
| 3.50%, 01/15/31 | &nbsp;&nbsp; 1214 | 1177886 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 1500 | 1542262 |
| 5.00%, 05/15/36 | &nbsp;&nbsp; 700 | 700755 |
| 5.38%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 980 | 1011932 |
| Ameren Illinois Co. |  |  |
| 1.55%, 11/15/30 | &nbsp;&nbsp; 860 | 770064 |
| 2.90%, 06/15/51 | &nbsp;&nbsp; 360 | 233049 |
| 3.25%, 03/15/50 | &nbsp;&nbsp; 705 | 491515 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 1122 | 870253 |
| 3.80%, 05/15/28 | &nbsp;&nbsp; 805 | 805427 |
| 3.85%, 09/01/32 | &nbsp;&nbsp; 270 | 263108 |
| 4.15%, 03/15/46 | &nbsp;&nbsp; 915 | 773052 |
| 4.30%, 07/01/44 | &nbsp;&nbsp; 348 | 299420 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 889 | 773310 |
| 4.80%, 12/15/43 | &nbsp;&nbsp; 650 | 604232 |
| 4.95%, 06/01/33 | &nbsp;&nbsp; 1090 | 1125172 |
| 5.55%, 07/01/54 | &nbsp;&nbsp; 1200 | 1196897 |
| 5.63%, 03/01/55 | &nbsp;&nbsp; 1345 | 1354881 |
| 5.90%, 12/01/52<sup>(a)</sup> | &nbsp;&nbsp; 920 | 962332 |
| American Electric Power Co., Inc. |  |  |
| 2.30%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 930 | 867920 |
| 3.20%, 11/13/27 | &nbsp;&nbsp; 973 | 961565 |
| 3.25%, 03/01/50<sup>(a)</sup> | &nbsp;&nbsp; 658 | 450245 |
| 5.20%, 01/15/29 | &nbsp;&nbsp; 2875 | 2972824 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.63%, 03/01/33 | &nbsp;&nbsp; $2139 | $2268998 |
| 5.75%, 11/01/27 | &nbsp;&nbsp; 1291 | 1328153 |
| 5.95%, 11/01/32 | &nbsp;&nbsp; 1030 | 1113440 |
| 6.95%, 12/15/54, (5-year CMT + 2.68%)<sup>(d)</sup> | &nbsp;&nbsp; 305 | 329604 |
| 7.05%, 12/15/54, (5-year CMT + 2.75%)<sup>(d)</sup> | &nbsp;&nbsp; 385 | 405521 |
| Series C, 5.80%, 03/15/56, (5-year CMT + <br> 2.13%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1300 | 1306322 |
| Series D, 6.05%, 03/15/56, (5-year CMT + <br> 1.94%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2715 | 2724543 |
| Series J, 4.30%, 12/01/28 | &nbsp;&nbsp; 1097 | 1107256 |
| American Transmission Systems, Inc. |  |  |
| 2.65%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 872 | 797975 |
| 5.00%, 09/01/44<sup>(b)</sup> | &nbsp;&nbsp; 683 | 646376 |
| Appalachian Power Co. |  |  |
| 4.40%, 05/15/44 | &nbsp;&nbsp; 477 | 410642 |
| 4.45%, 06/01/45 | &nbsp;&nbsp; 593 | 504740 |
| 4.50%, 08/01/32 | &nbsp;&nbsp; 910 | 909026 |
| 5.65%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 795 | 839271 |
| 7.00%, 04/01/38<sup>(a)</sup> | &nbsp;&nbsp; 688 | 787465 |
| Series AA, 2.70%, 04/01/31 | &nbsp;&nbsp; 1265 | 1172312 |
| Series L, 5.80%, 10/01/35 | &nbsp;&nbsp; 510 | 543595 |
| Series P, 6.70%, 08/15/37 | &nbsp;&nbsp; 450 | 508621 |
| Series X, 3.30%, 06/01/27 | &nbsp;&nbsp; 705 | 698295 |
| Series Y, 4.50%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 812 | 686810 |
| Series Z, 3.70%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 940 | 696379 |
| Arizona Public Service Co. |  |  |
| 2.20%, 12/15/31 | &nbsp;&nbsp; 902 | 803155 |
| 2.60%, 08/15/29 | &nbsp;&nbsp; 1295 | 1234186 |
| 2.65%, 09/15/50<sup>(a)</sup> | &nbsp;&nbsp; 300 | 181951 |
| 2.95%, 09/15/27 | &nbsp;&nbsp; 655 | 645489 |
| 3.35%, 05/15/50 | &nbsp;&nbsp; 1120 | 778760 |
| 3.50%, 12/01/49 | &nbsp;&nbsp; 615 | 443075 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 810 | 629205 |
| 4.20%, 08/15/48<sup>(a)</sup> | &nbsp;&nbsp; 860 | 704114 |
| 4.25%, 03/01/49 | &nbsp;&nbsp; 741 | 602793 |
| 4.35%, 11/15/45 | &nbsp;&nbsp; 1135 | 960404 |
| 4.50%, 04/01/42 | &nbsp;&nbsp; 780 | 700447 |
| 4.70%, 01/15/44 | &nbsp;&nbsp; 140 | 123349 |
| 5.05%, 09/01/41<sup>(a)</sup> | &nbsp;&nbsp; 875 | 850931 |
| 5.50%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 475 | 492317 |
| 5.55%, 08/01/33 | &nbsp;&nbsp; 905 | 952672 |
| 5.70%, 08/15/34 | &nbsp;&nbsp; 1145 | 1213880 |
| 5.90%, 08/15/55<sup>(a)</sup> | &nbsp;&nbsp; 990 | 1018698 |
| 6.35%, 12/15/32 | &nbsp;&nbsp; 985 | 1081751 |
| Atlantic City Electric Co. |  |  |
| 2.30%, 03/15/31 | &nbsp;&nbsp; 600 | 551090 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 1027 | 1031145 |
| Atlantica Transmision Sur SA, 6.88%, <br> 04/30/43<sup>(b)</sup><br>| &nbsp;&nbsp; 111 | 118982 |
| Ausgrid Finance Pty Ltd., 4.35%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp; 400 | 402286 |
| Avangrid, Inc., 3.80%, 06/01/29 | &nbsp;&nbsp; 1949 | 1934865 |
| Avista Corp. |  |  |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 730 | 565146 |
| 4.35%, 06/01/48 | &nbsp;&nbsp; 1015 | 856382 |
| Baltimore Gas and Electric Co. |  |  |
| 2.25%, 06/15/31 | &nbsp;&nbsp; 920 | 840284 |
| 2.90%, 06/15/50 | &nbsp;&nbsp; 600 | 391123 |
| 3.20%, 09/15/49 | &nbsp;&nbsp; 734 | 508257 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 1116 | 844459 |
| 3.75%, 08/15/47 | &nbsp;&nbsp; 709 | 551786 |
| 4.25%, 09/15/48 | &nbsp;&nbsp; 200 | 168663 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.55%, 06/01/52 | &nbsp;&nbsp; $830 | $714439 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 1145 | 1198814 |
| 5.40%, 06/01/53<sup>(a)</sup> | &nbsp;&nbsp; 1330 | 1297372 |
| 5.45%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 975 | 1023245 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 755 | 763166 |
| 6.35%, 10/01/36 | &nbsp;&nbsp; 672 | 752314 |
| Basin Electric Power Cooperative |  |  |
| 4.75%, 04/26/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 455 | 407111 |
| 5.85%, 10/15/55<sup>(b)</sup> | &nbsp;&nbsp; 1275 | 1283270 |
| Berkshire Hathaway Energy Co. |  |  |
| 1.65%, 05/15/31 | &nbsp;&nbsp; 945 | 836037 |
| 2.85%, 05/15/51 | &nbsp;&nbsp; 2770 | 1749015 |
| 3.25%, 04/15/28 | &nbsp;&nbsp; 1259 | 1246410 |
| 3.70%, 07/15/30 | &nbsp;&nbsp; 2126 | 2105243 |
| 3.80%, 07/15/48 | &nbsp;&nbsp; 1648 | 1266661 |
| 4.25%, 10/15/50 | &nbsp;&nbsp; 1678 | 1381551 |
| 4.45%, 01/15/49 | &nbsp;&nbsp; 1587 | 1338129 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 1149 | 1006085 |
| 4.60%, 05/01/53 | &nbsp;&nbsp; 1915 | 1624911 |
| 5.15%, 11/15/43 | &nbsp;&nbsp; 1583 | 1538257 |
| 5.95%, 05/15/37<sup>(a)</sup> | &nbsp;&nbsp; 1144 | 1246784 |
| 6.13%, 04/01/36<sup>(a)</sup> | &nbsp;&nbsp; 2611 | 2864264 |
| 8.48%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 820 | 907807 |
| Black Hills Corp. |  |  |
| 2.50%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1145 | 1066827 |
| 3.05%, 10/15/29 | &nbsp;&nbsp; 952 | 918195 |
| 3.88%, 10/15/49 | &nbsp;&nbsp; 615 | 470896 |
| 4.20%, 09/15/46 | &nbsp;&nbsp; 490 | 399683 |
| 4.35%, 05/01/33 | &nbsp;&nbsp; 654 | 641178 |
| 4.55%, 01/31/31 | &nbsp;&nbsp; 920 | 929206 |
| 5.95%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 970 | 1006419 |
| 6.00%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 900 | 969181 |
| 6.15%, 05/15/34 | &nbsp;&nbsp; 895 | 973097 |
| Brookfield Infrastructure Finance ULC, 6.75%, <br> 03/15/55, (5-year CMT + 2.45%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 105 | 106922 |
| Buffalo Energy Mexico Holdings/Buffalo Energy <br> Infrastructure/Buffalo Energy, 7.88%, <br> 02/15/39<sup>(b)</sup><br>| &nbsp;&nbsp; 1 | 1351 |
| Capital Power U.S. Holdings, Inc. |  |  |
| 5.26%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 285 | 290837 |
| 6.19%, 06/01/35<sup>(b)</sup> | &nbsp;&nbsp; 430 | 453665 |
| Celeo Redes Operacion Chile SA, 5.20%, <br> 06/22/47<sup>(b)</sup><br>| &nbsp;&nbsp; 269 | 250145 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 3.55%, 08/01/42 | &nbsp;&nbsp; 713 | 577582 |
| 3.60%, 03/01/52 | &nbsp;&nbsp; 730 | 544496 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 959 | 774221 |
| 4.50%, 04/01/44<sup>(a)</sup> | &nbsp;&nbsp; 1001 | 892224 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 1103 | 1137841 |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 835 | 856012 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 965 | 987145 |
| 5.15%, 03/01/34 | &nbsp;&nbsp; 620 | 642428 |
| 5.20%, 10/01/28 | &nbsp;&nbsp; 1485 | 1534111 |
| 5.30%, 04/01/53 | &nbsp;&nbsp; 895 | 869121 |
| Series AC, 4.25%, 02/01/49 | &nbsp;&nbsp; 100 | 84403 |
| Series AD, 2.90%, 07/01/50<sup>(a)</sup> | &nbsp;&nbsp; 946 | 619722 |
| Series AE, 2.35%, 04/01/31 | &nbsp;&nbsp; 740 | 677772 |
| Series AF, 3.35%, 04/01/51 | &nbsp;&nbsp; 1640 | 1168042 |
| Series AG, 3.00%, 03/01/32 | &nbsp;&nbsp; 1035 | 963999 |
| Series ai., 4.45%, 10/01/32<sup>(a)</sup> | &nbsp;&nbsp; 725 | 729937 |
| Series AJ, 4.85%, 10/01/52<sup>(a)</sup> | &nbsp;&nbsp; 410 | 373078 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series AQ, 4.95%, 08/15/35 | &nbsp;&nbsp; $765 | $777175 |
| Series AR, 4.85%, 04/01/36 | &nbsp;&nbsp; 455 | 456407 |
| Series K2, 6.95%, 03/15/33 | &nbsp;&nbsp; 790 | 902494 |
| CenterPoint Energy, Inc. |  |  |
| 2.95%, 03/01/30 | &nbsp;&nbsp; 864 | 828615 |
| 5.40%, 06/01/29 | &nbsp;&nbsp; 1390 | 1446073 |
| 5.95%, 04/01/56, (5-year CMT + 2.22%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 560 | 565411 |
| 6.70%, 05/15/55, (5-year CMT + 2.59%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 940 | 971686 |
| Series A, 7.00%, 02/15/55, (5-year CMT + <br> 3.25%)<sup>(d)</sup><br>| &nbsp;&nbsp; 415 | 436170 |
| Series B, 6.85%, 02/15/55, (5-year CMT + <br> 2.95%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 865 | 919196 |
| CEZ A/S, 5.63%, 04/03/42<sup>(b)</sup> | &nbsp;&nbsp; 70 | 67616 |
| China Southern Power Grid International <br> Finance BVI Co. Ltd., 3.50%, 05/08/27<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 199440 |
| Cleco Corporate Holdings LLC |  |  |
| 3.38%, 09/15/29 | &nbsp;&nbsp; 494 | 470384 |
| 4.97%, 05/01/46 | &nbsp;&nbsp; 572 | 507242 |
| Cleco Power LLC |  |  |
| 5.30%, 01/15/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 445 | 455096 |
| 6.00%, 12/01/40<sup>(a)</sup> | &nbsp;&nbsp; 415 | 441915 |
| 6.50%, 12/01/35<sup>(a)</sup> | &nbsp;&nbsp; 397 | 438217 |
| Cleveland Electric Illuminating Co.(The) |  |  |
| 3.50%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 935 | 921153 |
| 4.55%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 655 | 659744 |
| 5.95%, 12/15/36 | &nbsp;&nbsp; 587 | 623966 |
| CMS Energy Corp. |  |  |
| 3.45%, 08/15/27 | &nbsp;&nbsp; 220 | 218474 |
| 3.75%, 12/01/50, (5-year CMT + 2.90%)<sup>(d)</sup> | &nbsp;&nbsp; 631 | 587354 |
| 4.70%, 03/31/43 | &nbsp;&nbsp; 702 | 621990 |
| 4.75%, 06/01/50, (5-year CMT + 4.12%)<sup>(d)</sup> | &nbsp;&nbsp; 844 | 834937 |
| 4.88%, 03/01/44 | &nbsp;&nbsp; 723 | 658846 |
| 6.50%, 06/01/55, (5-year CMT + 1.96%)<sup>(d)</sup> | &nbsp;&nbsp; 1605 | 1677358 |
| Colbun SA |  |  |
| 3.15%, 03/06/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 715 | 677428 |
| 3.15%, 01/19/32<sup>(b)</sup> | &nbsp;&nbsp; 400 | 366465 |
| 5.38%, 09/11/35<sup>(b)</sup> | &nbsp;&nbsp; 80 | 80720 |
| Cometa Energia SA de CV, 6.38%, 04/24/35<sup>(b)</sup> | &nbsp;&nbsp; 585 | 613636 |
| Comision Federal de Electricidad |  |  |
| 3.35%, 02/09/31<sup>(b)</sup> | &nbsp;&nbsp; 1725 | 1585796 |
| 3.88%, 07/26/33<sup>(b)</sup> | &nbsp;&nbsp; 961 | 858413 |
| 4.68%, 02/09/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 1462 | 1121952 |
| 4.69%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1007 | 1006129 |
| 5.70%, 01/24/30<sup>(b)</sup> | &nbsp;&nbsp; 535 | 547840 |
| 5.75%, 02/14/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 1307 | 1227041 |
| 6.05%, 01/28/34<sup>(b)</sup> | &nbsp;&nbsp; 1800 | 1820250 |
| 6.13%, 06/16/45<sup>(b)</sup> | &nbsp;&nbsp; 320 | 304400 |
| 6.26%, 02/15/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 1155 | 1089502 |
| 6.45%, 01/24/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1875 | 1942579 |
| 6.50%, 01/28/51<sup>(b)</sup> | &nbsp;&nbsp; 900 | 911025 |
| Commonwealth Edison Co. |  |  |
| 2.20%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 807 | 754819 |
| 3.00%, 03/01/50 | &nbsp;&nbsp; 926 | 615367 |
| 3.15%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 400 | 378356 |
| 3.65%, 06/15/46 | &nbsp;&nbsp; 1119 | 870465 |
| 3.70%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1019 | 1017843 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 732 | 582188 |
| 3.80%, 10/01/42 | &nbsp;&nbsp; 494 | 406587 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 1730 | 1406695 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 790 | 633943 |
| 4.35%, 11/15/45 | &nbsp;&nbsp; 955 | 828251 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.60%, 08/15/43 | &nbsp;&nbsp; $772 | $696430 |
| 4.70%, 01/15/44 | &nbsp;&nbsp; 865 | 791454 |
| 4.90%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 315 | 324146 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 395 | 415108 |
| 5.30%, 02/01/53 | &nbsp;&nbsp; 1125 | 1075691 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 635 | 638293 |
| 5.95%, 06/01/55 | &nbsp;&nbsp; 1555 | 1624929 |
| 6.45%, 01/15/38 | &nbsp;&nbsp; 834 | 941997 |
| Series 122, 2.95%, 08/15/27 | &nbsp;&nbsp; 905 | 895486 |
| Series 123, 3.75%, 08/15/47 | &nbsp;&nbsp; 1291 | 1011433 |
| Series 127, 3.20%, 11/15/49 | &nbsp;&nbsp; 891 | 618103 |
| Series 130, 3.13%, 03/15/51 | &nbsp;&nbsp; 1585 | 1067849 |
| Series 131, 2.75%, 09/01/51 | &nbsp;&nbsp; 580 | 360111 |
| Series 133, 3.85%, 03/15/52 | &nbsp;&nbsp; 1070 | 813744 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.00%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 1275 | 1034794 |
| 4.30%, 04/15/44 | &nbsp;&nbsp; 765 | 667376 |
| 4.65%, 01/01/29 | &nbsp;&nbsp; 715 | 730673 |
| 4.90%, 07/01/33 | &nbsp;&nbsp; 655 | 669297 |
| 4.95%, 01/15/30 | &nbsp;&nbsp; 1130 | 1167687 |
| 4.95%, 08/15/34 | &nbsp;&nbsp; 650 | 661863 |
| 5.25%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp; 750 | 722769 |
| Series A, 2.05%, 07/01/31 | &nbsp;&nbsp; 486 | 436899 |
| Series A, 3.20%, 03/15/27 | &nbsp;&nbsp; 817 | 812761 |
| Series A, 4.15%, 06/01/45 | &nbsp;&nbsp; 940 | 794594 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 2.40%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1842 | 1697811 |
| 3.20%, 12/01/51 | &nbsp;&nbsp; 675 | 455921 |
| 3.60%, 06/15/61<sup>(a)</sup> | &nbsp;&nbsp; 1080 | 753615 |
| 3.70%, 11/15/59 | &nbsp;&nbsp; 1225 | 868357 |
| 3.80%, 05/15/28 | &nbsp;&nbsp; 990 | 990379 |
| 3.85%, 06/15/46 | &nbsp;&nbsp; 1124 | 894924 |
| 3.95%, 03/01/43 | &nbsp;&nbsp; 1200 | 1011365 |
| 4.45%, 03/15/44 | &nbsp;&nbsp; 1504 | 1330882 |
| 4.50%, 12/01/45 | &nbsp;&nbsp; 1570 | 1380631 |
| 4.50%, 05/15/58 | &nbsp;&nbsp; 1314 | 1092812 |
| 4.63%, 12/01/54 | &nbsp;&nbsp; 2055 | 1767647 |
| 5.13%, 03/15/35 | &nbsp;&nbsp; 50 | 51664 |
| 5.20%, 03/01/33 | &nbsp;&nbsp; 960 | 1005856 |
| 5.38%, 05/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1270 | 1337514 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 1115 | 1182697 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 900 | 883043 |
| 5.70%, 06/15/40 | &nbsp;&nbsp; 830 | 879593 |
| 5.70%, 05/15/54<sup>(a)</sup> | &nbsp;&nbsp; 985 | 996470 |
| 5.75%, 11/15/55 | &nbsp;&nbsp; 885 | 898134 |
| 5.90%, 11/15/53 | &nbsp;&nbsp; 2245 | 2322588 |
| 6.15%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1235 | 1320594 |
| Series 05-A, 5.30%, 03/01/35 | &nbsp;&nbsp; 654 | 682147 |
| Series 06-A, 5.85%, 03/15/36 | &nbsp;&nbsp; 775 | 841039 |
| Series 06-B, 6.20%, 06/15/36 | &nbsp;&nbsp; 855 | 946310 |
| Series 06-E, 5.70%, 12/01/36<sup>(a)</sup> | &nbsp;&nbsp; 535 | 571853 |
| Series 07-A, 6.30%, 08/15/37<sup>(a)</sup> | &nbsp;&nbsp; 788 | 882165 |
| Series 08-B, 6.75%, 04/01/38 | &nbsp;&nbsp; 1009 | 1169012 |
| Series 09-C, 5.50%, 12/01/39 | &nbsp;&nbsp; 843 | 877692 |
| Series 12-A, 4.20%, 03/15/42 | &nbsp;&nbsp; 834 | 730574 |
| Series 2017, 3.88%, 06/15/47 | &nbsp;&nbsp; 969 | 765559 |
| Series 20A, 3.35%, 04/01/30 | &nbsp;&nbsp; 1371 | 1337810 |
| Series 20B, 3.95%, 04/01/50 | &nbsp;&nbsp; 1640 | 1298845 |
| Series A, 4.13%, 05/15/49 | &nbsp;&nbsp; 1595 | 1288598 |
| Series B, 3.13%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 807 | 799495 |
| Series C, 3.00%, 12/01/60 | &nbsp;&nbsp; 895 | 534676 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series C, 4.00%, 11/15/57 | &nbsp;&nbsp; $745 | $564330 |
| Series C, 4.30%, 12/01/56 | &nbsp;&nbsp; 1051 | 848982 |
| Series D, 4.00%, 12/01/28 | &nbsp;&nbsp; 980 | 986734 |
| Series E, 4.65%, 12/01/48 | &nbsp;&nbsp; 1448 | 1272567 |
| Consorcio Transmantaro SA |  |  |
| 4.70%, 04/16/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1250 | 1248018 |
| 5.20%, 04/11/38<sup>(b)</sup> | &nbsp;&nbsp; 645 | 646971 |
| Constellation Energy Generation LLC |  |  |
| 3.75%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 70 | 68074 |
| 3.90%, 01/08/28 | &nbsp;&nbsp; 1400 | 1400589 |
| 4.40%, 01/15/31 | &nbsp;&nbsp; 815 | 820568 |
| 5.00%, 02/01/31<sup>(b)</sup> | &nbsp;&nbsp; 175 | 177649 |
| 5.60%, 03/01/28 | &nbsp;&nbsp; 1560 | 1608971 |
| 5.60%, 06/15/42 | &nbsp;&nbsp; 1315 | 1335583 |
| 5.75%, 10/01/41<sup>(a)</sup> | &nbsp;&nbsp; 1066 | 1108396 |
| 5.75%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 1809819 |
| 5.80%, 03/01/33 | &nbsp;&nbsp; 1210 | 1297690 |
| 5.88%, 01/15/66 | &nbsp;&nbsp; 1015 | 1012839 |
| 6.13%, 01/15/34 | &nbsp;&nbsp; 965 | 1056075 |
| 6.25%, 10/01/39<sup>(a)</sup> | &nbsp;&nbsp; 1545 | 1694054 |
| 6.50%, 10/01/53 | &nbsp;&nbsp; 1675 | 1848162 |
| Consumers Energy Co. |  |  |
| 3.10%, 08/15/50 | &nbsp;&nbsp; 1120 | 770882 |
| 3.25%, 08/15/46 | &nbsp;&nbsp; 945 | 696484 |
| 3.50%, 08/01/51 | &nbsp;&nbsp; 630 | 462873 |
| 3.60%, 08/15/32 | &nbsp;&nbsp; 755 | 727768 |
| 3.75%, 02/15/50 | &nbsp;&nbsp; 793 | 604245 |
| 3.80%, 11/15/28 | &nbsp;&nbsp; 696 | 695972 |
| 3.95%, 05/15/43 | &nbsp;&nbsp; 625 | 529250 |
| 3.95%, 07/15/47 | &nbsp;&nbsp; 655 | 530240 |
| 4.05%, 05/15/48 | &nbsp;&nbsp; 1100 | 898736 |
| 4.10%, 11/15/45<sup>(a)</sup> | &nbsp;&nbsp; 435 | 363174 |
| 4.20%, 09/01/52 | &nbsp;&nbsp; 915 | 749755 |
| 4.35%, 04/15/49 | &nbsp;&nbsp; 981 | 839336 |
| 4.35%, 08/31/64 | &nbsp;&nbsp; 535 | 427931 |
| 4.50%, 01/15/31 | &nbsp;&nbsp; 985 | 1005123 |
| 4.60%, 05/30/29 | &nbsp;&nbsp; 915 | 936200 |
| 4.63%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1215 | 1231458 |
| 4.65%, 03/01/28 | &nbsp;&nbsp; 865 | 878655 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 1650 | 1693787 |
| 4.90%, 02/15/29 | &nbsp;&nbsp; 1045 | 1074722 |
| 5.05%, 05/15/35 | &nbsp;&nbsp; 925 | 952866 |
| Continental Wind LLC, 6.00%, 02/28/33<sup>(b)</sup> | &nbsp;&nbsp; 49 | 50417 |
| Dayton Power & Light Co.(The) |  |  |
| 3.95%, 06/15/49 | &nbsp;&nbsp; 705 | 544306 |
| 4.55%, 08/15/30 | &nbsp;&nbsp; 1315 | 1325117 |
| Delmarva Power & Light Co. |  |  |
| 4.00%, 06/01/42 | &nbsp;&nbsp; 345 | 295614 |
| 4.15%, 05/15/45 | &nbsp;&nbsp; 541 | 461897 |
| Dhafrah Pv2 Energy Co. LLC, 5.79%, <br> 06/30/53<sup>(b)</sup><br>| &nbsp;&nbsp; 1500 | 1545049 |
| Dominion Energy South Carolina, Inc. |  |  |
| 4.60%, 06/15/43 | &nbsp;&nbsp; 692 | 632949 |
| 5.10%, 06/01/65 | &nbsp;&nbsp; 990 | 903174 |
| 5.30%, 05/15/33 | &nbsp;&nbsp; 575 | 605742 |
| 5.45%, 02/01/41 | &nbsp;&nbsp; 580 | 591907 |
| 6.05%, 01/15/38 | &nbsp;&nbsp; 911 | 1001406 |
| 6.25%, 10/15/53 | &nbsp;&nbsp; 1065 | 1153387 |
| 6.63%, 02/01/32 | &nbsp;&nbsp; 582 | 654347 |
| Series 2025, 5.30%, 01/15/35 | &nbsp;&nbsp; 740 | 772895 |
| Series A, 2.30%, 12/01/31 | &nbsp;&nbsp; 740 | 670614 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Dominion Energy, Inc. |  |  |
| 4.25%, 06/01/28 | &nbsp;&nbsp; $1698 | $1709523 |
| 4.35%, 08/15/32 | &nbsp;&nbsp; 755 | 748756 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 1300 | 1318721 |
| 4.70%, 12/01/44 | &nbsp;&nbsp; 780 | 695402 |
| 4.85%, 08/15/52 | &nbsp;&nbsp; 1185 | 1026428 |
| 5.00%, 06/15/30 | &nbsp;&nbsp; 1420 | 1463936 |
| 5.38%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1640 | 1717739 |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 1670 | 1725583 |
| 6.00%, 02/15/56, (5-year CMT + 2.26%)<sup>(d)</sup> | &nbsp;&nbsp; 365 | 370385 |
| 6.20%, 02/15/56, (5-year CMT + 2.01%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1470 | 1496544 |
| 6.63%, 05/15/55, (5-year CMT + 2.21%)<sup>(d)</sup> | &nbsp;&nbsp; 2180 | 2262942 |
| 7.00%, 06/15/38 | &nbsp;&nbsp; 771 | 877750 |
| Series A, 4.60%, 03/15/49 | &nbsp;&nbsp; 579 | 491053 |
| Series A, 6.88%, 02/01/55, (5-year CMT + <br> 2.39%)<sup>(d)</sup><br>| &nbsp;&nbsp; 90 | 94239 |
| Series B, 3.30%, 04/15/41<sup>(a)</sup> | &nbsp;&nbsp; 1555 | 1193220 |
| Series B, 3.60%, 03/15/27 | &nbsp;&nbsp; 605 | 603353 |
| Series B, 5.95%, 06/15/35 | &nbsp;&nbsp; 1475 | 1583075 |
| Series B, 7.00%, 06/01/54, (5-year CMT + <br> 2.51%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 190 | 206260 |
| Series C, 2.25%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1740 | 1570912 |
| Series C, 3.38%, 04/01/30 | &nbsp;&nbsp; 2841 | 2763663 |
| Series C, 4.05%, 09/15/42 | &nbsp;&nbsp; 1009 | 829385 |
| Series C, 4.90%, 08/01/41 | &nbsp;&nbsp; 1096 | 1021040 |
| Series E, 6.30%, 03/15/33 | &nbsp;&nbsp; 1105 | 1213888 |
| Series F, 5.25%, 08/01/33 | &nbsp;&nbsp; 1349 | 1396798 |
| DTE Electric Co. |  |  |
| 2.25%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 599 | 561882 |
| 2.95%, 03/01/50 | &nbsp;&nbsp; 740 | 498750 |
| 3.70%, 03/15/45 | &nbsp;&nbsp; 828 | 662067 |
| 3.70%, 06/01/46 | &nbsp;&nbsp; 1039 | 817297 |
| 3.75%, 08/15/47 | &nbsp;&nbsp; 1072 | 844703 |
| 3.95%, 06/15/42 | &nbsp;&nbsp; 504 | 424167 |
| 3.95%, 03/01/49 | &nbsp;&nbsp; 2104 | 1691407 |
| 4.25%, 05/14/27 | &nbsp;&nbsp; 105 | 105722 |
| 4.30%, 07/01/44 | &nbsp;&nbsp; 600 | 531954 |
| 5.20%, 04/01/33 | &nbsp;&nbsp; 1100 | 1152526 |
| 5.20%, 03/01/34 | &nbsp;&nbsp; 1068 | 1116092 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 1225 | 1272239 |
| 5.40%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 930 | 913979 |
| 5.70%, 10/01/37 | &nbsp;&nbsp; 371 | 393494 |
| 5.85%, 05/15/55 | &nbsp;&nbsp; 595 | 618219 |
| Series A, 1.90%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1255 | 1209907 |
| Series A, 3.00%, 03/01/32 | &nbsp;&nbsp; 790 | 740742 |
| Series A, 4.00%, 04/01/43<sup>(a)</sup> | &nbsp;&nbsp; 823 | 698552 |
| Series A, 4.05%, 05/15/48 | &nbsp;&nbsp; 855 | 704286 |
| Series A, 4.85%, 03/01/36 | &nbsp;&nbsp; 880 | 885949 |
| Series A, 6.63%, 06/01/36<sup>(a)</sup> | &nbsp;&nbsp; 205 | 233404 |
| Series B, 3.25%, 04/01/51<sup>(a)</sup> | &nbsp;&nbsp; 797 | 560797 |
| Series B, 3.65%, 03/01/52 | &nbsp;&nbsp; 712 | 536079 |
| Series B, 5.55%, 03/01/56 | &nbsp;&nbsp; 935 | 933347 |
| Series C, 2.63%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1093 | 1024255 |
| DTE Energy Co. |  |  |
| 2.95%, 03/01/30 | &nbsp;&nbsp; 879 | 838558 |
| 4.88%, 06/01/28 | &nbsp;&nbsp; 1295 | 1319940 |
| 4.95%, 07/01/27 | &nbsp;&nbsp; 1205 | 1219353 |
| 5.05%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 685 | 691294 |
| 5.10%, 03/01/29 | &nbsp;&nbsp; 2185 | 2248079 |
| 5.20%, 04/01/30 | &nbsp;&nbsp; 1985 | 2064011 |
| 5.85%, 06/01/34 | &nbsp;&nbsp; 1610 | 1731713 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series C, 3.40%, 06/15/29 | &nbsp;&nbsp; $1098 | $1076002 |
| Duke Energy Carolinas LLC |  |  |
| 2.45%, 08/15/29 | &nbsp;&nbsp; 1086 | 1035904 |
| 2.45%, 02/01/30 | &nbsp;&nbsp; 453 | 428278 |
| 2.55%, 04/15/31 | &nbsp;&nbsp; 902 | 839816 |
| 2.85%, 03/15/32 | &nbsp;&nbsp; 1055 | 977117 |
| 3.20%, 08/15/49 | &nbsp;&nbsp; 1474 | 1035455 |
| 3.45%, 04/15/51 | &nbsp;&nbsp; 970 | 691486 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 677 | 497141 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 952 | 732797 |
| 3.75%, 06/01/45 | &nbsp;&nbsp; 1144 | 916994 |
| 3.88%, 03/15/46 | &nbsp;&nbsp; 963 | 777195 |
| 3.95%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1112 | 1117082 |
| 3.95%, 03/15/48 | &nbsp;&nbsp; 1117 | 895527 |
| 4.00%, 09/30/42 | &nbsp;&nbsp; 1422 | 1212985 |
| 4.25%, 12/15/41 | &nbsp;&nbsp; 1290 | 1149540 |
| 4.85%, 03/15/30 | &nbsp;&nbsp; 759 | 785359 |
| 4.85%, 01/15/34 | &nbsp;&nbsp; 910 | 929459 |
| 4.95%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2455 | 2544863 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 830 | 866279 |
| 5.30%, 02/15/40 | &nbsp;&nbsp; 1322 | 1350838 |
| 5.35%, 01/15/53 | &nbsp;&nbsp; 1635 | 1587123 |
| 5.40%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 751 | 735545 |
| 6.00%, 01/15/38 | &nbsp;&nbsp; 872 | 950397 |
| 6.05%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 977 | 1070435 |
| 6.10%, 06/01/37 | &nbsp;&nbsp; 946 | 1034431 |
| 6.45%, 10/15/32 | &nbsp;&nbsp; 810 | 904568 |
| Series A, 6.00%, 12/01/28 | &nbsp;&nbsp; 942 | 993933 |
| Duke Energy Corp. |  |  |
| 2.45%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1568 | 1469473 |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 1699 | 1563511 |
| 3.15%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1242 | 1228578 |
| 3.30%, 06/15/41 | &nbsp;&nbsp; 2169 | 1690826 |
| 3.40%, 06/15/29 | &nbsp;&nbsp; 1065 | 1047089 |
| 3.50%, 06/15/51 | &nbsp;&nbsp; 1563 | 1086357 |
| 3.75%, 09/01/46 | &nbsp;&nbsp; 2665 | 2049420 |
| 3.95%, 08/15/47 | &nbsp;&nbsp; 1796 | 1395961 |
| 4.20%, 06/15/49 | &nbsp;&nbsp; 1180 | 938896 |
| 4.30%, 03/15/28 | &nbsp;&nbsp; 1810 | 1824438 |
| 4.50%, 08/15/32 | &nbsp;&nbsp; 2305 | 2324404 |
| 4.80%, 12/15/45 | &nbsp;&nbsp; 967 | 860049 |
| 4.85%, 01/05/29<sup>(a)</sup> | &nbsp;&nbsp; 840 | 860718 |
| 4.95%, 09/15/35 | &nbsp;&nbsp; 1540 | 1543053 |
| 5.00%, 12/08/27<sup>(a)</sup> | &nbsp;&nbsp; 1230 | 1253481 |
| 5.00%, 08/15/52 | &nbsp;&nbsp; 1965 | 1741384 |
| 5.45%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1270 | 1332758 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 1400 | 1372569 |
| 5.75%, 09/15/33 | &nbsp;&nbsp; 1080 | 1153933 |
| 5.80%, 06/15/54 | &nbsp;&nbsp; 1445 | 1432803 |
| 6.10%, 09/15/53 | &nbsp;&nbsp; 1270 | 1313754 |
| 6.45%, 09/01/54, (5-year CMT + 2.59%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1045 | 1101127 |
| Duke Energy Florida LLC |  |  |
| 1.75%, 06/15/30 | &nbsp;&nbsp; 1055 | 961166 |
| 2.40%, 12/15/31 | &nbsp;&nbsp; 1107 | 1012844 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 1251 | 1191492 |
| 3.00%, 12/15/51 | &nbsp;&nbsp; 920 | 602633 |
| 3.40%, 10/01/46 | &nbsp;&nbsp; 1309 | 976442 |
| 3.80%, 07/15/28 | &nbsp;&nbsp; 543 | 543672 |
| 3.85%, 11/15/42 | &nbsp;&nbsp; 842 | 700645 |
| 4.20%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp; 225 | 226602 |
| 4.20%, 07/15/48 | &nbsp;&nbsp; 862 | 712172 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.85%, 12/01/35 | &nbsp;&nbsp; $536 | $540095 |
| 5.65%, 04/01/40 | &nbsp;&nbsp; 695 | 730223 |
| 5.88%, 11/15/33 | &nbsp;&nbsp; 1030 | 1117750 |
| 5.95%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp; 944 | 988938 |
| 6.20%, 11/15/53 | &nbsp;&nbsp; 995 | 1080017 |
| 6.35%, 09/15/37 | &nbsp;&nbsp; 794 | 886403 |
| 6.40%, 06/15/38 | &nbsp;&nbsp; 1693 | 1899609 |
| Duke Energy Indiana LLC |  |  |
| 2.75%, 04/01/50 | &nbsp;&nbsp; 525 | 332152 |
| 3.75%, 05/15/46<sup>(a)</sup> | &nbsp;&nbsp; 824 | 652014 |
| 5.25%, 03/01/34 | &nbsp;&nbsp; 858 | 900838 |
| 5.40%, 04/01/53 | &nbsp;&nbsp; 1070 | 1035634 |
| 5.90%, 05/15/55 | &nbsp;&nbsp; 555 | 572250 |
| 6.12%, 10/15/35 | &nbsp;&nbsp; 639 | 699002 |
| 6.35%, 08/15/38 | &nbsp;&nbsp; 724 | 808803 |
| 6.45%, 04/01/39 | &nbsp;&nbsp; 999 | 1123854 |
| Series UUU, 4.20%, 03/15/42<sup>(a)</sup> | &nbsp;&nbsp; 515 | 453360 |
| Series WWW, 4.90%, 07/15/43 | &nbsp;&nbsp; 650 | 623246 |
| Series YYY, 3.25%, 10/01/49 | &nbsp;&nbsp; 752 | 528547 |
| Duke Energy Ohio, Inc. |  |  |
| 2.13%, 06/01/30 | &nbsp;&nbsp; 779 | 721249 |
| 3.65%, 02/01/29 | &nbsp;&nbsp; 644 | 641399 |
| 3.70%, 06/15/46 | &nbsp;&nbsp; 655 | 510410 |
| 4.30%, 02/01/49 | &nbsp;&nbsp; 669 | 558433 |
| 5.25%, 04/01/33 | &nbsp;&nbsp; 700 | 733246 |
| 5.30%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 765 | 796802 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 710 | 706028 |
| 5.65%, 04/01/53 | &nbsp;&nbsp; 595 | 598082 |
| Duke Energy Progress LLC |  |  |
| 2.00%, 08/15/31 | &nbsp;&nbsp; 1410 | 1269174 |
| 2.50%, 08/15/50 | &nbsp;&nbsp; 832 | 497516 |
| 2.90%, 08/15/51<sup>(a)</sup> | &nbsp;&nbsp; 732 | 468299 |
| 3.40%, 04/01/32 | &nbsp;&nbsp; 1060 | 1014994 |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 1209 | 1195238 |
| 3.60%, 09/15/47 | &nbsp;&nbsp; 1236 | 942268 |
| 3.70%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp; 871 | 870008 |
| 3.70%, 10/15/46 | &nbsp;&nbsp; 801 | 628078 |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 795 | 626566 |
| 4.10%, 05/15/42 | &nbsp;&nbsp; 809 | 698778 |
| 4.10%, 03/15/43 | &nbsp;&nbsp; 859 | 742356 |
| 4.15%, 12/01/44 | &nbsp;&nbsp; 1137 | 969005 |
| 4.20%, 08/15/45<sup>(a)</sup> | &nbsp;&nbsp; 1474 | 1250036 |
| 4.35%, 03/06/27 | &nbsp;&nbsp; 210 | 211399 |
| 4.38%, 03/30/44 | &nbsp;&nbsp; 738 | 651299 |
| 5.05%, 03/15/35 | &nbsp;&nbsp; 1774 | 1820513 |
| 5.10%, 03/15/34 | &nbsp;&nbsp; 890 | 925528 |
| 5.25%, 03/15/33 | &nbsp;&nbsp; 880 | 923255 |
| 5.35%, 03/15/53 | &nbsp;&nbsp; 1125 | 1085903 |
| 5.55%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 890 | 887570 |
| 6.30%, 04/01/38 | &nbsp;&nbsp; 835 | 928836 |
| Duquesne Light Holdings, Inc. |  |  |
| 2.53%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 777 | 719226 |
| 2.78%, 01/07/32<sup>(b)</sup> | &nbsp;&nbsp; 710 | 643826 |
| 3.62%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp; 679 | 673482 |
| E.ON International Finance BV, 6.65%, <br> 04/30/38<sup>(b)</sup><br>| &nbsp;&nbsp; 1695 | 1922603 |
| Edison International |  |  |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 1340 | 1333204 |
| 4.80%, 03/15/31 | &nbsp;&nbsp; 900 | 899461 |
| 5.25%, 11/15/28 | &nbsp;&nbsp; 1140 | 1161868 |
| 5.25%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 635 | 646652 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.45%, 06/15/29 | &nbsp;&nbsp; $1075 | $1104926 |
| 5.75%, 06/15/27 | &nbsp;&nbsp; 1141 | 1158519 |
| 6.25%, 03/15/30 | &nbsp;&nbsp; 1060 | 1121149 |
| 6.95%, 11/15/29 | &nbsp;&nbsp; 1030 | 1108265 |
| EDP Finance BV, 1.71%, 01/24/28<sup>(b)</sup> | &nbsp;&nbsp; 1737 | 1664051 |
| El Paso Electric Co. |  |  |
| 5.00%, 12/01/44 | &nbsp;&nbsp; 449 | 405746 |
| 6.00%, 05/15/35 | &nbsp;&nbsp; 719 | 755290 |
| Electricite de France SA |  |  |
| 4.50%, 09/21/28<sup>(b)</sup> | &nbsp;&nbsp; 2453 | 2477772 |
| 4.75%, 10/13/35<sup>(b)</sup> | &nbsp;&nbsp; 457 | 457675 |
| 4.88%, 09/21/38<sup>(b)</sup> | &nbsp;&nbsp; 720 | 686818 |
| 4.88%, 01/22/44<sup>(b)</sup> | &nbsp;&nbsp; 1826 | 1680754 |
| 4.95%, 10/13/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 1974 | 1797356 |
| 5.00%, 09/21/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 2019 | 1848590 |
| 5.25%, 10/13/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 560 | 516658 |
| 5.60%, 01/27/40<sup>(b)</sup> | &nbsp;&nbsp; 1583 | 1615829 |
| 5.65%, 04/22/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1200 | 1257147 |
| 5.70%, 05/23/28<sup>(b)</sup> | &nbsp;&nbsp; 780 | 807262 |
| 5.75%, 01/13/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 900 | 958292 |
| 5.95%, 04/22/34<sup>(b)</sup> | &nbsp;&nbsp; 1200 | 1292131 |
| 6.00%, 04/22/64<sup>(b)</sup> | &nbsp;&nbsp; 2000 | 1994918 |
| 6.00%, 01/22/2114<sup>(a)(b)</sup> | &nbsp;&nbsp; 1252 | 1236680 |
| 6.25%, 05/23/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1145 | 1256625 |
| 6.38%, 01/13/55<sup>(b)</sup> | &nbsp;&nbsp; 1100 | 1160909 |
| 6.90%, 05/23/53<sup>(b)</sup> | &nbsp;&nbsp; 1580 | 1770487 |
| 6.95%, 01/26/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 2904 | 3321556 |
| Elm Road Generating Station Supercritical LLC, <br> 6.09%, 02/11/40<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 295 | 320731 |
| Emera U.S. Finance LP |  |  |
| 2.64%, 06/15/31 | &nbsp;&nbsp; 990 | 908372 |
| 4.75%, 06/15/46 | &nbsp;&nbsp; 2476 | 2140755 |
| Emirates Semb Corp. Water & Power Co. <br> PJSC, 4.45%, 08/01/35<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 506 | 493105 |
| Enel Chile SA, 4.88%, 06/12/28 | &nbsp;&nbsp; 1711 | 1737642 |
| Enel Finance America LLC, 2.88%, 07/12/41<sup>(b)</sup> | &nbsp;&nbsp; 1505 | 1108560 |
| Enel Finance International NV |  |  |
| 2.13%, 07/12/28<sup>(b)</sup> | &nbsp;&nbsp; 1275 | 1220263 |
| 2.50%, 07/12/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1911 | 1741229 |
| 3.50%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp; 2595 | 2568945 |
| 3.63%, 05/25/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1565 | 1560664 |
| 4.13%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp; 1845 | 1848925 |
| 4.38%, 09/30/30<sup>(b)</sup> | &nbsp;&nbsp; 1000 | 1005109 |
| 4.63%, 06/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1515 | 1527022 |
| 4.75%, 05/25/47<sup>(b)</sup> | &nbsp;&nbsp; 3275 | 2886407 |
| 4.88%, 06/14/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1660 | 1711641 |
| 5.00%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp; 2080 | 2141500 |
| 5.00%, 09/30/35<sup>(b)</sup> | &nbsp;&nbsp; 1030 | 1028930 |
| 5.13%, 06/26/29<sup>(b)</sup> | &nbsp;&nbsp; 2550 | 2627091 |
| 5.50%, 06/26/34<sup>(b)</sup> | &nbsp;&nbsp; 1010 | 1053689 |
| 5.50%, 06/15/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 1888 | 1790266 |
| 5.75%, 09/30/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 1685 | 1651725 |
| 6.00%, 10/07/39<sup>(b)</sup> | &nbsp;&nbsp; 2667 | 2829670 |
| 6.80%, 09/15/37<sup>(b)</sup> | &nbsp;&nbsp; 1805 | 2050435 |
| 7.50%, 10/14/32<sup>(b)</sup> | &nbsp;&nbsp; 1555 | 1800093 |
| 7.75%, 10/14/52<sup>(b)</sup> | &nbsp;&nbsp; 2180 | 2687070 |
| Engie Energia Chile SA |  |  |
| 3.40%, 01/28/30<sup>(b)</sup> | &nbsp;&nbsp; 430 | 409632 |
| 6.38%, 04/17/34<sup>(b)</sup> | &nbsp;&nbsp; 440 | 472181 |
| Engie SA |  |  |
| 5.25%, 04/10/29<sup>(b)</sup> | &nbsp;&nbsp; 1095 | 1135571 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.63%, 04/10/34<sup>(b)</sup> | &nbsp;&nbsp; $1220 | $1285584 |
| 5.88%, 04/10/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 835 | 852879 |
| Entergy Arkansas LLC |  |  |
| 2.65%, 06/15/51 | &nbsp;&nbsp; 1325 | 801374 |
| 3.35%, 06/15/52<sup>(a)</sup> | &nbsp;&nbsp; 742 | 514698 |
| 4.00%, 06/01/28 | &nbsp;&nbsp; 935 | 938763 |
| 4.20%, 04/01/49 | &nbsp;&nbsp; 890 | 728789 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 790 | 797429 |
| 4.95%, 12/15/44 | &nbsp;&nbsp; 501 | 480492 |
| 5.15%, 01/15/33 | &nbsp;&nbsp; 780 | 811928 |
| 5.30%, 09/15/33 | &nbsp;&nbsp; 210 | 220560 |
| 5.45%, 06/01/34 | &nbsp;&nbsp; 1185 | 1253301 |
| 5.75%, 06/01/54 | &nbsp;&nbsp; 750 | 756093 |
| 5.75%, 01/15/56 | &nbsp;&nbsp; 655 | 660870 |
| Entergy Corp. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 1505 | 1437958 |
| 2.40%, 06/15/31 | &nbsp;&nbsp; 1424 | 1292780 |
| 2.80%, 06/15/30 | &nbsp;&nbsp; 1136 | 1074410 |
| 3.75%, 06/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1133 | 838280 |
| 5.88%, 06/15/56, (5-year CMT + 2.18%)<sup>(d)</sup> | &nbsp;&nbsp; 400 | 401924 |
| 6.10%, 06/15/56, (5-year CMT + 2.01%)<sup>(d)</sup> | &nbsp;&nbsp; 1395 | 1406563 |
| 7.13%, 12/01/54, (5-year CMT + 2.67%)<sup>(d)</sup> | &nbsp;&nbsp; 1500 | 1569307 |
| Entergy Louisiana LLC |  |  |
| 1.60%, 12/15/30 | &nbsp;&nbsp; 856 | 763172 |
| 2.35%, 06/15/32 | &nbsp;&nbsp; 834 | 747379 |
| 2.90%, 03/15/51 | &nbsp;&nbsp; 648 | 414552 |
| 3.05%, 06/01/31 | &nbsp;&nbsp; 463 | 439549 |
| 3.10%, 06/15/41 | &nbsp;&nbsp; 800 | 618071 |
| 3.12%, 09/01/27 | &nbsp;&nbsp; 1001 | 993026 |
| 3.25%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 924 | 915246 |
| 4.00%, 03/15/33 | &nbsp;&nbsp; 1339 | 1302892 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 1761 | 1442506 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 960 | 776461 |
| 4.75%, 09/15/52<sup>(a)</sup> | &nbsp;&nbsp; 890 | 783083 |
| 4.90%, 04/15/36 | &nbsp;&nbsp; 925 | 926155 |
| 4.95%, 01/15/45 | &nbsp;&nbsp; 894 | 833921 |
| 5.15%, 09/15/34 | &nbsp;&nbsp; 1060 | 1096272 |
| 5.35%, 03/15/34 | &nbsp;&nbsp; 865 | 910346 |
| 5.65%, 04/15/56 | &nbsp;&nbsp; 930 | 922765 |
| 5.70%, 03/15/54 | &nbsp;&nbsp; 1090 | 1093598 |
| 5.80%, 03/15/55 | &nbsp;&nbsp; 1420 | 1444091 |
| Entergy Mississippi LLC |  |  |
| 2.85%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 965 | 945614 |
| 3.50%, 06/01/51 | &nbsp;&nbsp; 785 | 561558 |
| 3.85%, 06/01/49 | &nbsp;&nbsp; 807 | 630525 |
| 5.00%, 09/01/33 | &nbsp;&nbsp; 595 | 612767 |
| 5.80%, 04/15/55 | &nbsp;&nbsp; 900 | 912528 |
| 5.85%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 705 | 711466 |
| Entergy Texas, Inc. |  |  |
| 1.75%, 03/15/31 | &nbsp;&nbsp; 1358 | 1213550 |
| 3.55%, 09/30/49 | &nbsp;&nbsp; 892 | 648613 |
| 4.00%, 03/30/29 | &nbsp;&nbsp; 830 | 831970 |
| 4.50%, 03/30/39 | &nbsp;&nbsp; 726 | 686364 |
| 5.00%, 09/15/52 | &nbsp;&nbsp; 645 | 580522 |
| 5.15%, 06/01/45<sup>(a)</sup> | &nbsp;&nbsp; 298 | 290830 |
| 5.25%, 04/15/35 | &nbsp;&nbsp; 950 | 985889 |
| 5.55%, 09/15/54 | &nbsp;&nbsp; 785 | 765319 |
| 5.80%, 09/01/53<sup>(a)</sup> | &nbsp;&nbsp; 545 | 556978 |
| Evergy Kansas Central, Inc. |  |  |
| 3.10%, 04/01/27 | &nbsp;&nbsp; 615 | 610349 |
| 3.25%, 09/01/49 | &nbsp;&nbsp; 930 | 649612 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.45%, 04/15/50 | &nbsp;&nbsp; $995 | $722471 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 947 | 810688 |
| 4.13%, 03/01/42 | &nbsp;&nbsp; 965 | 837795 |
| 4.25%, 12/01/45<sup>(a)</sup> | &nbsp;&nbsp; 551 | 466093 |
| 4.63%, 09/01/43 | &nbsp;&nbsp; 391 | 351920 |
| 4.70%, 03/13/28 | &nbsp;&nbsp; 840 | 852344 |
| 5.25%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1090 | 1120961 |
| 5.70%, 03/15/53<sup>(a)</sup> | &nbsp;&nbsp; 770 | 785119 |
| 5.90%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 575 | 622350 |
| Evergy Kansas South, Inc., 4.30%, 07/15/44<sup>(b)</sup> | &nbsp;&nbsp; 105 | 89042 |
| Evergy Metro, Inc. |  |  |
| 4.20%, 06/15/47 | &nbsp;&nbsp; 525 | 433934 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 677 | 559782 |
| 4.95%, 04/15/33 | &nbsp;&nbsp; 590 | 605299 |
| 5.13%, 08/15/35 | &nbsp;&nbsp; 740 | 754531 |
| 5.30%, 10/01/41<sup>(a)</sup> | &nbsp;&nbsp; 664 | 671525 |
| 5.40%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 585 | 617107 |
| Series 2019, 4.13%, 04/01/49 | &nbsp;&nbsp; 577 | 470725 |
| Series 2020, 2.25%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 929 | 866722 |
| Series B, 6.05%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 494 | 541405 |
| Evergy Missouri West, Inc. |  |  |
| 3.75%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 342 | 320157 |
| 5.15%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp; 925 | 942159 |
| 5.25%, 12/15/35<sup>(b)</sup> | &nbsp;&nbsp; 600 | 607326 |
| 5.65%, 06/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 530 | 553840 |
| Evergy, Inc. |  |  |
| 2.90%, 09/15/29 | &nbsp;&nbsp; 909 | 873655 |
| 6.65%, 06/01/55, (5-year CMT + 2.56%)<sup>(d)</sup> | &nbsp;&nbsp; 240 | 247108 |
| Eversource Energy |  |  |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 330 | 303132 |
| 2.90%, 03/01/27 | &nbsp;&nbsp; 992 | 981266 |
| 3.38%, 03/01/32 | &nbsp;&nbsp; 1145 | 1073597 |
| 3.45%, 01/15/50 | &nbsp;&nbsp; 1145 | 812548 |
| 4.45%, 12/15/30 | &nbsp;&nbsp; 1215 | 1221886 |
| 4.60%, 07/01/27 | &nbsp;&nbsp; 800 | 805678 |
| 5.13%, 05/15/33 | &nbsp;&nbsp; 1205 | 1231355 |
| 5.45%, 03/01/28 | &nbsp;&nbsp; 2780 | 2852810 |
| 5.50%, 01/01/34 | &nbsp;&nbsp; 1190 | 1235242 |
| 5.85%, 04/15/31 | &nbsp;&nbsp; 1515 | 1611430 |
| 5.95%, 02/01/29 | &nbsp;&nbsp; 665 | 697627 |
| 5.95%, 07/15/34 | &nbsp;&nbsp; 1215 | 1298382 |
| Series M, 3.30%, 01/15/28 | &nbsp;&nbsp; 1780 | 1756590 |
| Series O, 4.25%, 04/01/29 | &nbsp;&nbsp; 959 | 962656 |
| Series R, 1.65%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 967 | 864343 |
| Exelon Corp. |  |  |
| 2.75%, 03/15/27 | &nbsp;&nbsp; 1040 | 1027744 |
| 3.35%, 03/15/32 | &nbsp;&nbsp; 273 | 257990 |
| 4.05%, 04/15/30 | &nbsp;&nbsp; 2087 | 2080761 |
| 4.10%, 03/15/52 | &nbsp;&nbsp; 1390 | 1090897 |
| 4.45%, 04/15/46 | &nbsp;&nbsp; 1322 | 1124964 |
| 4.70%, 04/15/50 | &nbsp;&nbsp; 1408 | 1212160 |
| 4.95%, 06/15/35 | &nbsp;&nbsp; 587 | 587836 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 1875 | 1864048 |
| 5.10%, 06/15/45 | &nbsp;&nbsp; 1612 | 1503411 |
| 5.13%, 03/15/31 | &nbsp;&nbsp; 970 | 1010706 |
| 5.15%, 03/15/28 | &nbsp;&nbsp; 1887 | 1930580 |
| 5.15%, 03/15/29 | &nbsp;&nbsp; 940 | 971659 |
| 5.30%, 03/15/33 | &nbsp;&nbsp; 1320 | 1383218 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 1210 | 1270842 |
| 5.60%, 03/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1905 | 1848939 |
| 5.63%, 06/15/35 | &nbsp;&nbsp; 1270 | 1339669 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.88%, 03/15/55 | &nbsp;&nbsp; $730 | $732554 |
| 6.50%, 03/15/55, (5-year CMT + 1.98%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1065 | 1114546 |
| 7.60%, 04/01/32 | &nbsp;&nbsp; 615 | 715713 |
| FIEMEX Energia - Banco Actinver SA Institucion <br> de Banca Multiple, 7.25%, 01/31/41<sup>(b)</sup><br>| &nbsp;&nbsp; 2397 | 2498710 |
| FirstEnergy Corp. |  |  |
| 2.65%, 03/01/30 | &nbsp;&nbsp; 875 | 826671 |
| Series B, 2.25%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1020 | 937284 |
| Series B, 3.90%, 07/15/27 | &nbsp;&nbsp; 2229 | 2238202 |
| Series C, 3.40%, 03/01/50 | &nbsp;&nbsp; 1590 | 1113881 |
| Series C, 4.85%, 07/15/47 | &nbsp;&nbsp; 1230 | 1096377 |
| FirstEnergy Pennsylvania Electric Co. |  |  |
| 3.25%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1025 | 1009747 |
| 3.60%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp; 379 | 373453 |
| 4.30%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1306 | 1313746 |
| 5.20%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 715 | 731206 |
| 6.15%, 10/01/38 | &nbsp;&nbsp; 405 | 440049 |
| FirstEnergy Transmission LLC |  |  |
| 2.87%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1284 | 1248916 |
| 4.55%, 01/15/30 | &nbsp;&nbsp; 750 | 761180 |
| 4.55%, 04/01/49<sup>(b)</sup> | &nbsp;&nbsp; 990 | 857123 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 800 | 806728 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 760 | 770640 |
| 5.45%, 07/15/44<sup>(b)</sup> | &nbsp;&nbsp; 905 | 889778 |
| Florida Power & Light Co. |  |  |
| 2.45%, 02/03/32 | &nbsp;&nbsp; 2807 | 2563679 |
| 2.88%, 12/04/51 | &nbsp;&nbsp; 2109 | 1365062 |
| 3.15%, 10/01/49 | &nbsp;&nbsp; 1298 | 914458 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 1309 | 1018258 |
| 3.80%, 12/15/42 | &nbsp;&nbsp; 892 | 743179 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 1775 | 1436702 |
| 3.99%, 03/01/49 | &nbsp;&nbsp; 1450 | 1171249 |
| 4.05%, 06/01/42 | &nbsp;&nbsp; 1300 | 1134617 |
| 4.05%, 10/01/44 | &nbsp;&nbsp; 975 | 829771 |
| 4.13%, 02/01/42 | &nbsp;&nbsp; 1105 | 977326 |
| 4.13%, 06/01/48 | &nbsp;&nbsp; 1077 | 892241 |
| 4.40%, 05/15/28 | &nbsp;&nbsp; 1925 | 1949562 |
| 4.63%, 05/15/30 | &nbsp;&nbsp; 1075 | 1103945 |
| 4.70%, 02/15/36 | &nbsp;&nbsp; 1250 | 1253687 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 1710 | 1753917 |
| 4.95%, 06/01/35 | &nbsp;&nbsp; 1130 | 1157628 |
| 5.00%, 08/01/34 | &nbsp;&nbsp; 765 | 792110 |
| 5.05%, 04/01/28 | &nbsp;&nbsp; 1870 | 1917529 |
| 5.10%, 04/01/33 | &nbsp;&nbsp; 1400 | 1459109 |
| 5.13%, 06/01/41<sup>(a)</sup> | &nbsp;&nbsp; 530 | 536350 |
| 5.15%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1665 | 1733610 |
| 5.25%, 02/01/41<sup>(a)</sup> | &nbsp;&nbsp; 855 | 868290 |
| 5.30%, 06/15/34 | &nbsp;&nbsp; 1880 | 1981961 |
| 5.30%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 980 | 954025 |
| 5.60%, 06/15/54 | &nbsp;&nbsp; 1840 | 1863460 |
| 5.60%, 02/15/66 | &nbsp;&nbsp; 1645 | 1635512 |
| 5.63%, 04/01/34 | &nbsp;&nbsp; 777 | 840054 |
| 5.65%, 02/01/37<sup>(a)</sup> | &nbsp;&nbsp; 660 | 714008 |
| 5.69%, 03/01/40 | &nbsp;&nbsp; 1140 | 1201052 |
| 5.70%, 03/15/55 | &nbsp;&nbsp; 1545 | 1589805 |
| 5.80%, 03/15/65 | &nbsp;&nbsp; 1300 | 1335644 |
| 5.95%, 10/01/33<sup>(a)</sup> | &nbsp;&nbsp; 405 | 446880 |
| 5.95%, 02/01/38 | &nbsp;&nbsp; 1025 | 1131787 |
| 5.96%, 04/01/39<sup>(a)</sup> | &nbsp;&nbsp; 880 | 966168 |
| Series A, 3.30%, 05/30/27 | &nbsp;&nbsp; 910 | 905314 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Georgia Power Co. |  |  |
| 3.25%, 03/30/27 | &nbsp;&nbsp; $710 | $706492 |
| 4.00%, 10/01/28 | &nbsp;&nbsp; 800 | 804552 |
| 4.30%, 03/15/42 | &nbsp;&nbsp; 2198 | 1972090 |
| 4.30%, 03/15/43 | &nbsp;&nbsp; 927 | 820633 |
| 4.55%, 03/15/30 | &nbsp;&nbsp; 1065 | 1086661 |
| 4.65%, 05/16/28 | &nbsp;&nbsp; 1415 | 1438004 |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 1390 | 1423896 |
| 4.85%, 03/15/31 | &nbsp;&nbsp; 1415 | 1462282 |
| 4.95%, 05/17/33 | &nbsp;&nbsp; 1933 | 1996235 |
| 5.13%, 05/15/52 | &nbsp;&nbsp; 1501 | 1416848 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 1320 | 1371286 |
| 5.25%, 03/15/34 | &nbsp;&nbsp; 2500 | 2611196 |
| 5.40%, 06/01/40<sup>(a)</sup> | &nbsp;&nbsp; 444 | 461339 |
| 5.50%, 10/01/55<sup>(a)</sup> | &nbsp;&nbsp; 1200 | 1185722 |
| Series 10-C, 4.75%, 09/01/40<sup>(a)</sup> | &nbsp;&nbsp; 904 | 871699 |
| Series A, 3.25%, 03/15/51 | &nbsp;&nbsp; 340 | 237328 |
| Series B, 2.65%, 09/15/29 | &nbsp;&nbsp; 1243 | 1192745 |
| Series B, 3.70%, 01/30/50 | &nbsp;&nbsp; 379 | 288872 |
| Great River Energy, 6.25%, 07/01/38<sup>(b)</sup> | &nbsp;&nbsp; 338 | 362698 |
| Hanwha Futureproof Corp., 4.75%, 04/30/28<sup>(b)</sup> | &nbsp;&nbsp; 900 | 915956 |
| Iberdrola International BV, 6.75%, 07/15/36 | &nbsp;&nbsp; 830 | 965674 |
| Idaho Power Co. |  |  |
| 3.65%, 03/01/45<sup>(a)</sup> | &nbsp;&nbsp; 175 | 138294 |
| 4.85%, 03/01/36 | &nbsp;&nbsp; 625 | 625563 |
| 5.20%, 08/15/34 | &nbsp;&nbsp; 660 | 688812 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 850 | 839830 |
| 5.70%, 03/15/55 | &nbsp;&nbsp; 940 | 952763 |
| 5.80%, 04/01/54 | &nbsp;&nbsp; 420 | 435229 |
| Series K, 4.20%, 03/01/48 | &nbsp;&nbsp; 835 | 697305 |
| Indiana Michigan Power Co. |  |  |
| 3.25%, 05/01/51 | &nbsp;&nbsp; 740 | 504446 |
| 3.85%, 05/15/28 | &nbsp;&nbsp; 430 | 429673 |
| 4.25%, 08/15/48 | &nbsp;&nbsp; 945 | 781762 |
| 5.60%, 03/15/56 | &nbsp;&nbsp; 1725 | 1719316 |
| 5.63%, 04/01/53 | &nbsp;&nbsp; 780 | 782789 |
| 6.05%, 03/15/37 | &nbsp;&nbsp; 645 | 707164 |
| Series K, 4.55%, 03/15/46 | &nbsp;&nbsp; 730 | 642423 |
| Series L, 3.75%, 07/01/47 | &nbsp;&nbsp; 657 | 508392 |
| Indianapolis Power & Light Co. |  |  |
| 4.05%, 05/01/46<sup>(b)</sup> | &nbsp;&nbsp; 845 | 696086 |
| 4.70%, 09/01/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 395 | 346811 |
| 5.05%, 08/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 400 | 410007 |
| 5.65%, 12/01/32<sup>(b)</sup> | &nbsp;&nbsp; 635 | 674064 |
| 5.70%, 04/01/54<sup>(b)</sup> | &nbsp;&nbsp; 1475 | 1491935 |
| Infraestructura Energetica Nova SAPI de CV |  |  |
| 3.75%, 01/14/28<sup>(b)</sup> | &nbsp;&nbsp; 315 | 310667 |
| 4.75%, 01/15/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 1280 | 985293 |
| 4.88%, 01/14/48<sup>(b)</sup> | &nbsp;&nbsp; 977 | 779220 |
| Interchile SA, 4.50%, 06/30/56<sup>(a)(b)</sup> | &nbsp;&nbsp; 1815 | 1549465 |
| Interconexion Electrica SA ESP, 3.83%, <br> 11/26/33<sup>(b)</sup><br>| &nbsp;&nbsp; 234 | 216688 |
| International Transmission Co., 4.63%, <br> 08/15/43<br>| &nbsp;&nbsp; 265 | 242026 |
| Interstate Power and Light Co. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 799 | 745860 |
| 3.10%, 11/30/51 | &nbsp;&nbsp; 430 | 281206 |
| 3.50%, 09/30/49<sup>(a)</sup> | &nbsp;&nbsp; 700 | 509708 |
| 3.60%, 04/01/29 | &nbsp;&nbsp; 1094 | 1084600 |
| 3.70%, 09/15/46 | &nbsp;&nbsp; 635 | 488570 |
| 4.10%, 09/26/28 | &nbsp;&nbsp; 1000 | 1003739 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.70%, 10/15/43<sup>(a)</sup> | &nbsp;&nbsp; $407 | $359029 |
| 4.95%, 09/30/34 | &nbsp;&nbsp; 548 | 554661 |
| 5.45%, 09/30/54 | &nbsp;&nbsp; 425 | 408125 |
| 5.60%, 06/29/35 | &nbsp;&nbsp; 1055 | 1110181 |
| 5.60%, 10/01/55 | &nbsp;&nbsp; 975 | 958600 |
| 5.70%, 10/15/33 | &nbsp;&nbsp; 315 | 334771 |
| 6.25%, 07/15/39<sup>(a)</sup> | &nbsp;&nbsp; 481 | 525443 |
| IPALCO Enterprises, Inc. |  |  |
| 4.25%, 05/01/30 | &nbsp;&nbsp; 1160 | 1147524 |
| 5.75%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 880 | 906765 |
| Israel Electric Corp. Ltd. |  |  |
| 4.25%, 08/14/28<sup>(b)(f)</sup> | &nbsp;&nbsp; 1470 | 1461237 |
| 7.75%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp; 165 | 173910 |
| ITC Holdings Corp. |  |  |
| 2.95%, 05/14/30<sup>(b)</sup> | &nbsp;&nbsp; 1517 | 1443591 |
| 3.35%, 11/15/27 | &nbsp;&nbsp; 1052 | 1043618 |
| 4.95%, 09/22/27<sup>(b)</sup> | &nbsp;&nbsp; 1260 | 1275751 |
| 5.30%, 07/01/43 | &nbsp;&nbsp; 1015 | 980169 |
| 5.40%, 06/01/33<sup>(b)</sup> | &nbsp;&nbsp; 840 | 871442 |
| 5.65%, 05/09/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 655 | 690333 |
| Jersey Central Power & Light Co. |  |  |
| 2.75%, 03/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1010 | 922870 |
| 4.15%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1050 | 1054371 |
| 4.40%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 935 | 940386 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 1400 | 1437878 |
| 5.15%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 660 | 677022 |
| 6.15%, 06/01/37 | &nbsp;&nbsp; 588 | 645229 |
| Johnsonville Aeroderivative Combustion Turbine <br> Generation LLC, 5.08%, 10/01/54<br>| &nbsp;&nbsp; 479 | 464095 |
| Kallpa Generacion SA |  |  |
| 5.50%, 09/11/35<sup>(b)</sup> | &nbsp;&nbsp; 785 | 794813 |
| 5.88%, 01/30/32<sup>(b)</sup> | &nbsp;&nbsp; 165 | 172178 |
| Kentucky Power Co., 7.00%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; 715 | 786117 |
| Kentucky Utilities Co. |  |  |
| 3.30%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 910 | 636487 |
| 4.38%, 10/01/45 | &nbsp;&nbsp; 882 | 761539 |
| 5.13%, 11/01/40 | &nbsp;&nbsp; 480 | 478921 |
| 5.45%, 04/15/33 | &nbsp;&nbsp; 965 | 1022638 |
| 5.85%, 08/15/55<sup>(a)</sup> | &nbsp;&nbsp; 670 | 689189 |
| Series 1, 4.65%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 334 | 301579 |
| Liberty Utilities Co. |  |  |
| 5.58%, 01/31/29<sup>(b)</sup> | &nbsp;&nbsp; 590 | 610268 |
| 5.87%, 01/31/34<sup>(b)</sup> | &nbsp;&nbsp; 630 | 663063 |
| Liberty Utilities Finance GP 1, 2.05%, <br> 09/15/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1413 | 1295985 |
| LLPL Capital Pte Ltd., 6.88%, 02/04/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 492 | 513022 |
| Louisville Gas and Electric Co. |  |  |
| 4.25%, 04/01/49 | &nbsp;&nbsp; 707 | 584867 |
| 4.38%, 10/01/45 | &nbsp;&nbsp; 703 | 606221 |
| 4.65%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 440 | 400423 |
| 5.13%, 11/15/40<sup>(a)</sup> | &nbsp;&nbsp; 760 | 760489 |
| 5.45%, 04/15/33 | &nbsp;&nbsp; 965 | 1019812 |
| 5.85%, 08/15/55 | &nbsp;&nbsp; 875 | 897577 |
| Majapahit Holding BV, 7.88%, 06/29/37<sup>(b)</sup> | &nbsp;&nbsp; 155 | 185624 |
| Massachusetts Electric Co. |  |  |
| 1.73%, 11/24/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 919 | 817935 |
| 4.00%, 08/15/46<sup>(b)</sup> | &nbsp;&nbsp; 1150 | 923725 |
| 5.87%, 02/26/54<sup>(b)</sup> | &nbsp;&nbsp; 735 | 745148 |
| 5.90%, 11/15/39<sup>(b)</sup> | &nbsp;&nbsp; 1355 | 1435886 |
| Mexico Generadora de Energia S de rl, 5.50%, <br> 12/06/32<sup>(b)</sup><br>| &nbsp;&nbsp; 262 | 265368 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| MidAmerican Energy Co. |  |  |
| 2.70%, 08/01/52<sup>(a)</sup> | &nbsp;&nbsp; $340 | $214702 |
| 3.10%, 05/01/27<sup>(a)</sup> | &nbsp;&nbsp; 748 | 744216 |
| 3.15%, 04/15/50 | &nbsp;&nbsp; 1035 | 717257 |
| 3.65%, 04/15/29 | &nbsp;&nbsp; 1545 | 1537841 |
| 3.65%, 08/01/48 | &nbsp;&nbsp; 1307 | 1002367 |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 1145 | 926808 |
| 4.25%, 05/01/46 | &nbsp;&nbsp; 906 | 777151 |
| 4.25%, 07/15/49 | &nbsp;&nbsp; 1362 | 1138886 |
| 4.40%, 10/15/44 | &nbsp;&nbsp; 788 | 693731 |
| 4.80%, 09/15/43 | &nbsp;&nbsp; 658 | 615891 |
| 5.30%, 02/01/55 | &nbsp;&nbsp; 1175 | 1136724 |
| 5.35%, 01/15/34 | &nbsp;&nbsp; 865 | 909087 |
| 5.50%, 11/15/56 | &nbsp;&nbsp; 500 | 498358 |
| 5.75%, 11/01/35<sup>(a)</sup> | &nbsp;&nbsp; 705 | 761724 |
| 5.80%, 10/15/36<sup>(a)</sup> | &nbsp;&nbsp; 815 | 885845 |
| 5.85%, 09/15/54 | &nbsp;&nbsp; 1755 | 1828538 |
| 6.75%, 12/30/31<sup>(a)</sup> | &nbsp;&nbsp; 845 | 958766 |
| Mid-Atlantic Interstate Transmission LLC, <br> 4.10%, 05/15/28<sup>(b)</sup><br>| &nbsp;&nbsp; 548 | 549774 |
| Minejesa Capital BV |  |  |
| 4.63%, 08/10/30<sup>(b)</sup> | &nbsp;&nbsp; 775 | 775161 |
| 5.63%, 08/10/37<sup>(b)</sup> | &nbsp;&nbsp; 1095 | 1084477 |
| Mississippi Power Co. |  |  |
| 3.95%, 03/30/28<sup>(a)</sup> | &nbsp;&nbsp; 744 | 745700 |
| Series 12-A, 4.25%, 03/15/42 | &nbsp;&nbsp; 753 | 660493 |
| Series B, 3.10%, 07/30/51 | &nbsp;&nbsp; 556 | 376981 |
| Monongahela Power Co. |  |  |
| 3.55%, 05/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 880 | 875862 |
| 5.40%, 12/15/43<sup>(b)</sup> | &nbsp;&nbsp; 1200 | 1184951 |
| 5.85%, 02/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 795 | 856044 |
| Narragansett Electric Co.(The) |  |  |
| 3.40%, 04/09/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1702 | 1653178 |
| 3.92%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp; 770 | 770419 |
| 4.17%, 12/10/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 435 | 371109 |
| 5.35%, 05/01/34<sup>(b)</sup> | &nbsp;&nbsp; 1090 | 1129529 |
| 5.64%, 03/15/40<sup>(a)(b)</sup> | &nbsp;&nbsp; 351 | 363618 |
| National Grid PLC |  |  |
| 5.42%, 01/11/34 | &nbsp;&nbsp; 1390 | 1452668 |
| 5.60%, 06/12/28<sup>(a)</sup> | &nbsp;&nbsp; 1160 | 1200345 |
| 5.81%, 06/12/33 | &nbsp;&nbsp; 1360 | 1454900 |
| National Grid USA |  |  |
| 5.80%, 04/01/35 | &nbsp;&nbsp; 500 | 531380 |
| 8.00%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 260 | 297473 |
| National Rural Utilities Cooperative <br> Finance Corp.<br>|  |  |
| 1.35%, 03/15/31 | &nbsp;&nbsp; 749 | 653916 |
| 1.65%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 703 | 618944 |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 1265 | 1190258 |
| 2.75%, 04/15/32 | &nbsp;&nbsp; 830 | 756672 |
| 3.05%, 04/25/27 | &nbsp;&nbsp; 850 | 843561 |
| 3.40%, 02/07/28 | &nbsp;&nbsp; 1041 | 1034080 |
| 3.70%, 03/15/29 | &nbsp;&nbsp; 1062 | 1056987 |
| 3.90%, 11/01/28<sup>(a)</sup> | &nbsp;&nbsp; 644 | 645425 |
| 3.95%, 12/10/27 | &nbsp;&nbsp; 380 | 381253 |
| 4.02%, 11/01/32 | &nbsp;&nbsp; 1296 | 1280810 |
| 4.12%, 09/16/27 | &nbsp;&nbsp; 1255 | 1260950 |
| 4.15%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp; 697 | 687639 |
| 4.30%, 12/10/30 | &nbsp;&nbsp; 1070 | 1079090 |
| 4.30%, 03/15/49 | &nbsp;&nbsp; 603 | 515743 |
| 4.40%, 11/01/48 | &nbsp;&nbsp; 690 | 591061 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.75%, 02/07/28 | &nbsp;&nbsp; $980 | $996709 |
| 4.80%, 03/15/28 | &nbsp;&nbsp; 1410 | 1436950 |
| 4.85%, 02/07/29 | &nbsp;&nbsp; 1085 | 1114558 |
| 4.95%, 02/07/30<sup>(a)</sup> | &nbsp;&nbsp; 565 | 585364 |
| 5.00%, 02/07/31 | &nbsp;&nbsp; 995 | 1033856 |
| 5.00%, 08/15/34 | &nbsp;&nbsp; 755 | 779240 |
| 5.05%, 09/15/28 | &nbsp;&nbsp; 1095 | 1125612 |
| 5.10%, 05/06/27 | &nbsp;&nbsp; 700 | 709708 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 1150 | 1192033 |
| 5.80%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1250 | 1351728 |
| 7.13%, 09/15/53, (5-year CMT + 3.53%)<sup>(d)</sup> | &nbsp;&nbsp; 380 | 398883 |
| Series C, 8.00%, 03/01/32 | &nbsp;&nbsp; 635 | 762877 |
| Series D, 4.05%, 02/09/29 | &nbsp;&nbsp; 1075 | 1080230 |
| Series D, 4.15%, 08/25/28 | &nbsp;&nbsp; 925 | 931485 |
| Nevada Power Co. |  |  |
| 5.38%, 09/15/40 | &nbsp;&nbsp; 727 | 737129 |
| 5.45%, 05/15/41<sup>(a)</sup> | &nbsp;&nbsp; 315 | 321358 |
| 5.90%, 05/01/53<sup>(a)</sup> | &nbsp;&nbsp; 670 | 689659 |
| 6.00%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 910 | 941487 |
| 6.25%, 05/15/55, (5-year CMT + 1.94%)<sup>(d)</sup> | &nbsp;&nbsp; 5 | 5080 |
| Series CC, 3.70%, 05/01/29 | &nbsp;&nbsp; 1159 | 1151542 |
| Series DD, 2.40%, 05/01/30 | &nbsp;&nbsp; 1156 | 1081588 |
| Series EE, 3.13%, 08/01/50<sup>(a)</sup> | &nbsp;&nbsp; 455 | 305057 |
| Series N, 6.65%, 04/01/36 | &nbsp;&nbsp; 595 | 676761 |
| Series R, 6.75%, 07/01/37<sup>(a)</sup> | &nbsp;&nbsp; 565 | 647708 |
| New England Power Co. |  |  |
| 2.81%, 10/06/50<sup>(b)</sup> | &nbsp;&nbsp; 1015 | 635796 |
| 3.80%, 12/05/47<sup>(b)</sup> | &nbsp;&nbsp; 935 | 730611 |
| 5.85%, 09/08/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 240 | 246418 |
| 5.94%, 11/25/52<sup>(b)</sup> | &nbsp;&nbsp; 510 | 530388 |
| New York State Electric & Gas Corp. |  |  |
| 2.15%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 670 | 598276 |
| 3.30%, 09/15/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 601 | 425954 |
| 5.05%, 08/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 465 | 473380 |
| 5.30%, 08/15/34<sup>(b)</sup> | &nbsp;&nbsp; 880 | 918902 |
| 5.65%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp; 900 | 933538 |
| 5.85%, 08/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 725 | 778272 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 3267 | 3126797 |
| 2.25%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3452 | 3203198 |
| 2.44%, 01/15/32 | &nbsp;&nbsp; 1564 | 1410836 |
| 2.75%, 11/01/29 | &nbsp;&nbsp; 1825 | 1750509 |
| 3.00%, 01/15/52 | &nbsp;&nbsp; 1170 | 751542 |
| 3.50%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1105 | 1089962 |
| 3.55%, 05/01/27 | &nbsp;&nbsp; 2285 | 2275905 |
| 3.80%, 03/15/82, (5-year CMT + 2.55%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1062 | 1044642 |
| 4.40%, 03/01/31 | &nbsp;&nbsp; 1260 | 1274558 |
| 4.63%, 07/15/27 | &nbsp;&nbsp; 1940 | 1958821 |
| 4.69%, 09/01/27<sup>(a)</sup> | &nbsp;&nbsp; 900 | 910206 |
| 4.80%, 12/01/77, (3-mo. SOFR US + <br> 2.67%)<sup>(d)</sup><br>| &nbsp;&nbsp; 686 | 680360 |
| 4.85%, 02/04/28 | &nbsp;&nbsp; 1640 | 1670230 |
| 4.90%, 02/28/28 | &nbsp;&nbsp; 2145 | 2183651 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 2345 | 2408134 |
| 5.00%, 02/28/30 | &nbsp;&nbsp; 1070 | 1107246 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 1365 | 1408709 |
| 5.05%, 03/15/30 | &nbsp;&nbsp; 2145 | 2223588 |
| 5.05%, 02/28/33 | &nbsp;&nbsp; 1885 | 1946596 |
| 5.25%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2075 | 2150167 |
| 5.25%, 02/28/53<sup>(a)</sup> | &nbsp;&nbsp; 2082 | 1943092 |
| 5.30%, 03/15/32 | &nbsp;&nbsp; 1275 | 1336499 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.45%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; $2300 | $2391694 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 1495 | 1450525 |
| 5.65%, 05/01/79<sup>(a)(d)</sup> | &nbsp;&nbsp; 766 | 774591 |
| 5.85%, 03/01/56 | &nbsp;&nbsp; 1125 | 1131908 |
| 5.90%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1605 | 1631935 |
| 6.38%, 08/15/55, (5-year CMT + 2.05%)<sup>(d)</sup> | &nbsp;&nbsp; 2055 | 2134500 |
| 6.50%, 08/15/55, (5-year CMT + 1.98%)<sup>(d)</sup> | &nbsp;&nbsp; 1735 | 1839319 |
| 6.70%, 09/01/54, (5-year CMT + 2.36%)<sup>(d)</sup> | &nbsp;&nbsp; 360 | 373803 |
| 6.75%, 06/15/54, (5-year CMT + 2.46%)<sup>(d)</sup> | &nbsp;&nbsp; 2010 | 2138463 |
| Niagara Energy SAC, 5.75%, 10/03/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1695 | 1754211 |
| Niagara Mohawk Power Corp. |  |  |
| 1.96%, 06/27/30<sup>(b)</sup> | &nbsp;&nbsp; 1896 | 1737247 |
| 2.76%, 01/10/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 680 | 620238 |
| 3.03%, 06/27/50<sup>(b)</sup> | &nbsp;&nbsp; 605 | 396558 |
| 4.12%, 11/28/42<sup>(b)</sup> | &nbsp;&nbsp; 545 | 463267 |
| 4.28%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1028 | 1032289 |
| 4.28%, 10/01/34<sup>(b)</sup> | &nbsp;&nbsp; 946 | 905061 |
| 4.65%, 10/03/30<sup>(b)</sup> | &nbsp;&nbsp; 915 | 929322 |
| 5.11%, 01/12/36<sup>(b)</sup> | &nbsp;&nbsp; 825 | 836638 |
| 5.29%, 01/17/34<sup>(b)</sup> | &nbsp;&nbsp; 1175 | 1208615 |
| 5.66%, 01/17/54<sup>(b)</sup> | &nbsp;&nbsp; 1120 | 1098962 |
| 5.78%, 09/16/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 1120 | 1130670 |
| 6.00%, 07/03/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 1695 | 1730722 |
| Northern States Power Co. |  |  |
| 2.25%, 04/01/31 | &nbsp;&nbsp; 705 | 645974 |
| 2.60%, 06/01/51 | &nbsp;&nbsp; 1191 | 749730 |
| 2.90%, 03/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1376 | 919342 |
| 3.20%, 04/01/52 | &nbsp;&nbsp; 1112 | 788138 |
| 3.40%, 08/15/42 | &nbsp;&nbsp; 641 | 511138 |
| 3.60%, 09/15/47 | &nbsp;&nbsp; 1126 | 869025 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 635 | 547642 |
| 4.85%, 08/15/40<sup>(a)</sup> | &nbsp;&nbsp; 371 | 365030 |
| 5.10%, 05/15/53 | &nbsp;&nbsp; 1440 | 1352122 |
| 5.25%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 420 | 434128 |
| 5.35%, 11/01/39 | &nbsp;&nbsp; 805 | 828080 |
| 5.40%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1380 | 1359124 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 545 | 554281 |
| 6.20%, 07/01/37 | &nbsp;&nbsp; 604 | 671531 |
| 6.25%, 06/01/36 | &nbsp;&nbsp; 585 | 653523 |
| Northern States Power Co./MN |  |  |
| 5.05%, 05/15/35 | &nbsp;&nbsp; 1140 | 1171010 |
| 5.65%, 05/15/55 | &nbsp;&nbsp; 790 | 802855 |
| NorthWestern Corp. |  |  |
| 4.18%, 11/15/44 | &nbsp;&nbsp; 685 | 576496 |
| 5.07%, 03/21/30<sup>(b)</sup> | &nbsp;&nbsp; 120 | 123757 |
| NRG Energy, Inc. |  |  |
| 2.45%, 12/02/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1833 | 1775878 |
| 4.45%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1068 | 1068852 |
| 4.73%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 770 | 777218 |
| 5.41%, 10/15/35<sup>(b)</sup> | &nbsp;&nbsp; 965 | 975292 |
| 7.00%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 1595 | 1775002 |
| NSTAR Electric Co. |  |  |
| 1.95%, 08/15/31 | &nbsp;&nbsp; 927 | 825846 |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 650 | 438767 |
| 3.20%, 05/15/27 | &nbsp;&nbsp; 1024 | 1017478 |
| 3.25%, 05/15/29 | &nbsp;&nbsp; 1130 | 1107917 |
| 3.95%, 04/01/30 | &nbsp;&nbsp; 970 | 964370 |
| 4.40%, 03/01/44 | &nbsp;&nbsp; 525 | 462172 |
| 4.55%, 06/01/52 | &nbsp;&nbsp; 704 | 603111 |
| 4.85%, 03/01/30 | &nbsp;&nbsp; 1025 | 1054824 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 660 | 603049 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.20%, 03/01/35 | &nbsp;&nbsp; $1375 | $1415494 |
| 5.40%, 06/01/34 | &nbsp;&nbsp; 870 | 909829 |
| 5.50%, 03/15/40<sup>(a)</sup> | &nbsp;&nbsp; 515 | 531486 |
| OGE Energy Corp., 5.45%, 05/15/29 | &nbsp;&nbsp; 780 | 812610 |
| Oglethorpe Power Corp. |  |  |
| 3.75%, 08/01/50 | &nbsp;&nbsp; 755 | 557184 |
| 4.20%, 12/01/42 | &nbsp;&nbsp; 550 | 453580 |
| 4.25%, 04/01/46<sup>(a)</sup> | &nbsp;&nbsp; 388 | 312317 |
| 4.50%, 04/01/47 | &nbsp;&nbsp; 1035 | 878602 |
| 4.55%, 06/01/44<sup>(a)</sup> | &nbsp;&nbsp; 295 | 251857 |
| 5.05%, 10/01/48 | &nbsp;&nbsp; 969 | 882627 |
| 5.25%, 09/01/50 | &nbsp;&nbsp; 775 | 719533 |
| 5.38%, 11/01/40 | &nbsp;&nbsp; 965 | 975426 |
| 5.80%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 970 | 982797 |
| 5.90%, 02/01/55 | &nbsp;&nbsp; 605 | 607791 |
| 5.95%, 11/01/39 | &nbsp;&nbsp; 886 | 946054 |
| 6.19%, 01/01/31<sup>(b)</sup> | &nbsp;&nbsp; 322 | 340147 |
| 6.20%, 12/01/53<sup>(a)</sup> | &nbsp;&nbsp; 805 | 848008 |
| Ohio Edison Co. |  |  |
| 4.95%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp; 670 | 688444 |
| 5.50%, 01/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 50 | 52457 |
| 6.88%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 530 | 612887 |
| 8.25%, 10/15/38<sup>(a)</sup> | &nbsp;&nbsp; 370 | 480008 |
| Ohio Power Co. |  |  |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 800 | 626712 |
| 4.15%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 615 | 500279 |
| 5.00%, 06/01/33 | &nbsp;&nbsp; 715 | 730622 |
| 5.65%, 06/01/34 | &nbsp;&nbsp; 735 | 776103 |
| Series D, 6.60%, 03/01/33 | &nbsp;&nbsp; 500 | 554966 |
| Series F, 5.85%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 395 | 422541 |
| Series G, 6.60%, 02/15/33 | &nbsp;&nbsp; 780 | 865260 |
| Series P, 2.60%, 04/01/30 | &nbsp;&nbsp; 715 | 675333 |
| Series Q, 1.63%, 01/15/31 | &nbsp;&nbsp; 219 | 194028 |
| Series R, 2.90%, 10/01/51 | &nbsp;&nbsp; 1065 | 669118 |
| Oklahoma Gas and Electric Co. |  |  |
| 3.25%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 791 | 768447 |
| 3.30%, 03/15/30 | &nbsp;&nbsp; 714 | 694843 |
| 3.80%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 651 | 650067 |
| 3.85%, 08/15/47 | &nbsp;&nbsp; 695 | 553306 |
| 3.90%, 05/01/43<sup>(a)</sup> | &nbsp;&nbsp; 275 | 227080 |
| 4.00%, 12/15/44 | &nbsp;&nbsp; 565 | 462861 |
| 4.15%, 04/01/47<sup>(a)</sup> | &nbsp;&nbsp; 590 | 487572 |
| 4.55%, 03/15/44 | &nbsp;&nbsp; 380 | 336313 |
| 5.25%, 05/15/41 | &nbsp;&nbsp; 415 | 413578 |
| 5.40%, 01/15/33 | &nbsp;&nbsp; 990 | 1042577 |
| 5.60%, 04/01/53 | &nbsp;&nbsp; 1395 | 1386102 |
| 5.80%, 04/01/55<sup>(a)</sup> | &nbsp;&nbsp; 930 | 955540 |
| 5.85%, 06/01/40 | &nbsp;&nbsp; 580 | 608044 |
| Oncor Electric Delivery Co. LLC |  |  |
| 2.70%, 11/15/51 | &nbsp;&nbsp; 880 | 535180 |
| 2.75%, 05/15/30 | &nbsp;&nbsp; 1210 | 1155121 |
| 3.10%, 09/15/49 | &nbsp;&nbsp; 1179 | 794982 |
| 3.70%, 11/15/28 | &nbsp;&nbsp; 820 | 816313 |
| 3.70%, 05/15/50 | &nbsp;&nbsp; 932 | 705904 |
| 3.75%, 04/01/45 | &nbsp;&nbsp; 1180 | 942828 |
| 3.80%, 09/30/47<sup>(a)</sup> | &nbsp;&nbsp; 825 | 644710 |
| 3.80%, 06/01/49 | &nbsp;&nbsp; 1195 | 915109 |
| 4.10%, 11/15/48 | &nbsp;&nbsp; 983 | 799371 |
| 4.15%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 765 | 758068 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 265 | 267559 |
| 4.50%, 03/20/27<sup>(b)</sup> | &nbsp;&nbsp; 725 | 730147 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.55%, 09/15/32 | &nbsp;&nbsp; $1720 | $1739459 |
| 4.55%, 12/01/41 | &nbsp;&nbsp; 855 | 781779 |
| 4.60%, 06/01/52 | &nbsp;&nbsp; 820 | 700338 |
| 4.65%, 11/01/29 | &nbsp;&nbsp; 1225 | 1253210 |
| 4.95%, 09/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 1643275 |
| 5.25%, 09/30/40<sup>(a)</sup> | &nbsp;&nbsp; 860 | 865891 |
| 5.30%, 06/01/42<sup>(a)</sup> | &nbsp;&nbsp; 715 | 711607 |
| 5.35%, 04/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 945 | 984115 |
| 5.35%, 10/01/52 | &nbsp;&nbsp; 612 | 585261 |
| 5.55%, 06/15/54 | &nbsp;&nbsp; 580 | 575969 |
| 5.65%, 11/15/33 | &nbsp;&nbsp; 1068 | 1145842 |
| 5.80%, 04/01/55<sup>(b)</sup> | &nbsp;&nbsp; 1195 | 1227881 |
| 7.00%, 05/01/32 | &nbsp;&nbsp; 745 | 848749 |
| 7.25%, 01/15/33 | &nbsp;&nbsp; 590 | 684487 |
| 7.50%, 09/01/38<sup>(a)</sup> | &nbsp;&nbsp; 780 | 952498 |
| Pacific Gas and Electric Co. |  |  |
| 2.10%, 08/01/27 | &nbsp;&nbsp; 1370 | 1335050 |
| 2.50%, 02/01/31 | &nbsp;&nbsp; 4522 | 4134421 |
| 3.00%, 06/15/28 | &nbsp;&nbsp; 1570 | 1534150 |
| 3.25%, 06/01/31 | &nbsp;&nbsp; 1730 | 1630824 |
| 3.30%, 03/15/27 | &nbsp;&nbsp; 785 | 779431 |
| 3.30%, 12/01/27 | &nbsp;&nbsp; 2175 | 2148804 |
| 3.30%, 08/01/40 | &nbsp;&nbsp; 1351 | 1049002 |
| 3.50%, 08/01/50 | &nbsp;&nbsp; 3442 | 2376835 |
| 3.75%, 07/01/28 | &nbsp;&nbsp; 898 | 891705 |
| 3.75%, 08/15/42 | &nbsp;&nbsp; 914 | 710345 |
| 3.95%, 12/01/47 | &nbsp;&nbsp; 1381 | 1051415 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 1173 | 904898 |
| 4.20%, 03/01/29 | &nbsp;&nbsp; 705 | 705239 |
| 4.20%, 06/01/41 | &nbsp;&nbsp; 930 | 784450 |
| 4.25%, 03/15/46 | &nbsp;&nbsp; 295 | 236653 |
| 4.30%, 03/15/45 | &nbsp;&nbsp; 1199 | 970666 |
| 4.40%, 03/01/32 | &nbsp;&nbsp; 800 | 792839 |
| 4.45%, 04/15/42 | &nbsp;&nbsp; 861 | 736175 |
| 4.50%, 07/01/40 | &nbsp;&nbsp; 4148 | 3682453 |
| 4.50%, 12/15/41 | &nbsp;&nbsp; 503 | 434952 |
| 4.55%, 07/01/30 | &nbsp;&nbsp; 5307 | 5332084 |
| 4.60%, 06/15/43 | &nbsp;&nbsp; 675 | 577519 |
| 4.65%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1065 | 1077504 |
| 4.75%, 02/15/44 | &nbsp;&nbsp; 2052 | 1782390 |
| 4.95%, 07/01/50 | &nbsp;&nbsp; 5801 | 5022231 |
| 5.00%, 06/04/28 | &nbsp;&nbsp; 1210 | 1232621 |
| 5.05%, 10/15/32 | &nbsp;&nbsp; 1075 | 1095569 |
| 5.20%, 05/01/36 | &nbsp;&nbsp; 990 | 993284 |
| 5.25%, 03/01/52 | &nbsp;&nbsp; 1785 | 1589797 |
| 5.45%, 06/15/27 | &nbsp;&nbsp; 940 | 955369 |
| 5.55%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 2080 | 2162446 |
| 5.70%, 03/01/35 | &nbsp;&nbsp; 1725 | 1798595 |
| 5.80%, 05/15/34 | &nbsp;&nbsp; 1935 | 2041584 |
| 5.90%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1371 | 1452403 |
| 5.90%, 10/01/54 | &nbsp;&nbsp; 1560 | 1518115 |
| 6.00%, 08/15/35 | &nbsp;&nbsp; 1355 | 1443765 |
| 6.00%, 05/01/56 | &nbsp;&nbsp; 1055 | 1042000 |
| 6.10%, 01/15/29 | &nbsp;&nbsp; 2700 | 2835649 |
| 6.10%, 10/15/55 | &nbsp;&nbsp; 1150 | 1152373 |
| 6.15%, 01/15/33 | &nbsp;&nbsp; 947 | 1017609 |
| 6.15%, 03/01/55 | &nbsp;&nbsp; 2800 | 2819585 |
| 6.40%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1970 | 2146384 |
| 6.70%, 04/01/53 | &nbsp;&nbsp; 1085 | 1172045 |
| 6.75%, 01/15/53 | &nbsp;&nbsp; 3625 | 3917050 |
| 6.95%, 03/15/34 | &nbsp;&nbsp; 1605 | 1806556 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| PacifiCorp |  |  |
| 2.70%, 09/15/30 | &nbsp;&nbsp; $1437 | $1339601 |
| 2.90%, 06/15/52 | &nbsp;&nbsp; 2670 | 1602214 |
| 3.30%, 03/15/51 | &nbsp;&nbsp; 1127 | 739842 |
| 3.50%, 06/15/29 | &nbsp;&nbsp; 915 | 896675 |
| 4.10%, 02/01/42<sup>(a)</sup> | &nbsp;&nbsp; 800 | 650555 |
| 4.13%, 01/15/49 | &nbsp;&nbsp; 1580 | 1204499 |
| 4.15%, 02/15/50 | &nbsp;&nbsp; 1447 | 1098994 |
| 4.25%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 525 | 528554 |
| 5.10%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1435 | 1475857 |
| 5.25%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 650 | 658411 |
| 5.30%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1930 | 2003979 |
| 5.35%, 12/01/53 | &nbsp;&nbsp; 2140 | 1919706 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 1975 | 2028466 |
| 5.50%, 05/15/54 | &nbsp;&nbsp; 2065 | 1892801 |
| 5.75%, 04/01/37 | &nbsp;&nbsp; 1152 | 1177450 |
| 5.80%, 01/15/55 | &nbsp;&nbsp; 3045 | 2900513 |
| 6.00%, 01/15/39 | &nbsp;&nbsp; 1171 | 1200407 |
| 6.10%, 08/01/36<sup>(a)</sup> | &nbsp;&nbsp; 999 | 1065309 |
| 6.25%, 10/15/37 | &nbsp;&nbsp; 1171 | 1246200 |
| 6.35%, 07/15/38<sup>(a)</sup> | &nbsp;&nbsp; 729 | 776646 |
| 7.70%, 11/15/31 | &nbsp;&nbsp; 862 | 996026 |
| Palomino Funding Trust I, 7.23%, 05/17/28<sup>(b)</sup> | &nbsp;&nbsp; 1050 | 1109984 |
| PECO Energy Co. |  |  |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 568 | 361865 |
| 2.85%, 09/15/51 | &nbsp;&nbsp; 305 | 194028 |
| 3.00%, 09/15/49 | &nbsp;&nbsp; 644 | 431171 |
| 3.05%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 610 | 406817 |
| 3.70%, 09/15/47 | &nbsp;&nbsp; 655 | 508222 |
| 3.90%, 03/01/48 | &nbsp;&nbsp; 1500 | 1200460 |
| 4.15%, 10/01/44<sup>(a)</sup> | &nbsp;&nbsp; 590 | 504146 |
| 4.38%, 08/15/52 | &nbsp;&nbsp; 685 | 571061 |
| 4.60%, 05/15/52 | &nbsp;&nbsp; 585 | 507304 |
| 4.80%, 10/15/43<sup>(a)</sup> | &nbsp;&nbsp; 530 | 492259 |
| 4.88%, 09/15/35 | &nbsp;&nbsp; 1220 | 1236643 |
| 4.90%, 06/15/33 | &nbsp;&nbsp; 1225 | 1260867 |
| 5.25%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1100 | 1044696 |
| 5.65%, 09/15/55 | &nbsp;&nbsp; 1160 | 1173530 |
| 5.95%, 10/01/36<sup>(a)</sup> | &nbsp;&nbsp; 295 | 324292 |
| Pertamina Geothermal Energy PT, 5.15%, <br> 04/27/28<sup>(b)</sup><br>| &nbsp;&nbsp; 476 | 482532 |
| Perusahaan Perseroan Persero PT Perusahaan <br> Listrik Negara<br>|  |  |
| 3.00%, 06/30/30<sup>(b)</sup> | &nbsp;&nbsp; 1032 | 968904 |
| 3.38%, 02/05/30<sup>(b)</sup> | &nbsp;&nbsp; 420 | 402150 |
| 3.88%, 07/17/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1075 | 1052341 |
| 4.00%, 06/30/50<sup>(b)</sup> | &nbsp;&nbsp; 1640 | 1203440 |
| 4.13%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp; 2992 | 2986652 |
| 4.38%, 02/05/50<sup>(b)</sup> | &nbsp;&nbsp; 810 | 638526 |
| 4.88%, 07/17/49<sup>(b)</sup> | &nbsp;&nbsp; 953 | 811435 |
| 5.25%, 10/24/42<sup>(b)</sup> | &nbsp;&nbsp; 1818 | 1680846 |
| 5.25%, 05/15/47<sup>(b)</sup> | &nbsp;&nbsp; 795 | 718686 |
| 5.38%, 01/25/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1080 | 1104935 |
| 5.45%, 05/21/28<sup>(b)</sup> | &nbsp;&nbsp; 1645 | 1681131 |
| 5.45%, 02/03/36<sup>(b)</sup> | &nbsp;&nbsp; 1800 | 1799816 |
| 6.15%, 05/21/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 2235 | 2247900 |
| 6.25%, 01/25/49<sup>(b)</sup> | &nbsp;&nbsp; 1084 | 1106400 |
| Pinnacle West Capital Corp. |  |  |
| 4.90%, 05/15/28 | &nbsp;&nbsp; 980 | 999026 |
| 5.15%, 05/15/30 | &nbsp;&nbsp; 435 | 450680 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Potomac Electric Power Co. |  |  |
| 4.15%, 03/15/43 | &nbsp;&nbsp; $1033 | $891645 |
| 5.20%, 03/15/34 | &nbsp;&nbsp; 700 | 730605 |
| 5.50%, 03/15/54 | &nbsp;&nbsp; 425 | 416443 |
| 6.50%, 11/15/37 | &nbsp;&nbsp; 788 | 893792 |
| 7.90%, 12/15/38<sup>(a)</sup> | &nbsp;&nbsp; 795 | 997236 |
| PPL Capital Funding, Inc. |  |  |
| 4.13%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 689 | 690453 |
| 5.25%, 09/01/34 | &nbsp;&nbsp; 910 | 940249 |
| PPL Electric Utilities Corp. |  |  |
| 3.00%, 10/01/49 | &nbsp;&nbsp; 649 | 437414 |
| 3.95%, 06/01/47 | &nbsp;&nbsp; 767 | 623789 |
| 4.13%, 06/15/44 | &nbsp;&nbsp; 770 | 657702 |
| 4.15%, 10/01/45 | &nbsp;&nbsp; 1046 | 886165 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 779 | 647295 |
| 4.75%, 07/15/43 | &nbsp;&nbsp; 325 | 302757 |
| 4.85%, 02/15/34 | &nbsp;&nbsp; 820 | 839227 |
| 5.00%, 05/15/33 | &nbsp;&nbsp; 1240 | 1281036 |
| 5.20%, 07/15/41<sup>(a)</sup> | &nbsp;&nbsp; 210 | 209937 |
| 5.25%, 05/15/53 | &nbsp;&nbsp; 1565 | 1507651 |
| 5.55%, 08/15/55 | &nbsp;&nbsp; 1880 | 1893642 |
| 6.25%, 05/15/39 | &nbsp;&nbsp; 1315 | 1462554 |
| Progress Energy, Inc. |  |  |
| 6.00%, 12/01/39 | &nbsp;&nbsp; 959 | 1027207 |
| 7.00%, 10/30/31 | &nbsp;&nbsp; 850 | 961135 |
| 7.75%, 03/01/31 | &nbsp;&nbsp; 1059 | 1220360 |
| PSEG Power LLC, 5.20%, 05/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 545 | 562421 |
| Public Service Co. of Colorado |  |  |
| 1.88%, 06/15/31 | &nbsp;&nbsp; 1630 | 1451410 |
| 3.55%, 06/15/46<sup>(a)</sup> | &nbsp;&nbsp; 415 | 310221 |
| 3.60%, 09/15/42 | &nbsp;&nbsp; 928 | 742399 |
| 3.70%, 06/15/28 | &nbsp;&nbsp; 823 | 820919 |
| 3.80%, 06/15/47 | &nbsp;&nbsp; 798 | 624648 |
| 3.95%, 03/15/43 | &nbsp;&nbsp; 390 | 321051 |
| 4.05%, 09/15/49 | &nbsp;&nbsp; 635 | 505463 |
| 4.10%, 06/01/32 | &nbsp;&nbsp; 645 | 639771 |
| 4.10%, 06/15/48 | &nbsp;&nbsp; 805 | 654871 |
| 4.30%, 03/15/44 | &nbsp;&nbsp; 621 | 538246 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 1015 | 862691 |
| 4.75%, 08/15/41<sup>(a)</sup> | &nbsp;&nbsp; 355 | 332958 |
| 5.15%, 09/15/35 | &nbsp;&nbsp; 925 | 944485 |
| 5.25%, 04/01/53 | &nbsp;&nbsp; 1525 | 1435518 |
| 5.35%, 05/15/34 | &nbsp;&nbsp; 2040 | 2129521 |
| 5.75%, 05/15/54 | &nbsp;&nbsp; 1140 | 1150000 |
| 5.85%, 05/15/55 | &nbsp;&nbsp; 920 | 940839 |
| 6.50%, 08/01/38<sup>(a)</sup> | &nbsp;&nbsp; 550 | 619627 |
| Series 17, 6.25%, 09/01/37 | &nbsp;&nbsp; 751 | 827193 |
| Series 34, 3.20%, 03/01/50<sup>(a)</sup> | &nbsp;&nbsp; 842 | 579876 |
| Series 35, 1.90%, 01/15/31 | &nbsp;&nbsp; 832 | 748732 |
| Series 36, 2.70%, 01/15/51 | &nbsp;&nbsp; 990 | 606619 |
| Public Service Co. of New Hampshire |  |  |
| 3.60%, 07/01/49 | &nbsp;&nbsp; 655 | 494991 |
| 4.40%, 07/01/28 | &nbsp;&nbsp; 1005 | 1018564 |
| 5.15%, 01/15/53 | &nbsp;&nbsp; 525 | 496103 |
| 5.35%, 10/01/33 | &nbsp;&nbsp; 1070 | 1129148 |
| Series V, 2.20%, 06/15/31 | &nbsp;&nbsp; 553 | 502517 |
| Public Service Co. of Oklahoma |  |  |
| 5.20%, 01/15/35 | &nbsp;&nbsp; 855 | 873196 |
| 5.25%, 01/15/33 | &nbsp;&nbsp; 985 | 1020253 |
| 5.45%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1405 | 1455753 |
| Series G, 6.63%, 11/15/37 | &nbsp;&nbsp; 405 | 460363 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series J, 2.20%, 08/15/31 | &nbsp;&nbsp; $915 | $819615 |
| Series K, 3.15%, 08/15/51 | &nbsp;&nbsp; 535 | 358542 |
| Public Service Electric and Gas Co. |  |  |
| 1.90%, 08/15/31 | &nbsp;&nbsp; 800 | 714770 |
| 2.05%, 08/01/50 | &nbsp;&nbsp; 506 | 277917 |
| 2.45%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 975 | 922390 |
| 2.70%, 05/01/50 | &nbsp;&nbsp; 510 | 326306 |
| 3.00%, 05/15/27 | &nbsp;&nbsp; 1005 | 996174 |
| 3.00%, 03/01/51 | &nbsp;&nbsp; 834 | 555811 |
| 3.10%, 03/15/32 | &nbsp;&nbsp; 885 | 832097 |
| 3.15%, 01/01/50 | &nbsp;&nbsp; 940 | 646148 |
| 3.20%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 680 | 666926 |
| 3.20%, 08/01/49 | &nbsp;&nbsp; 796 | 559030 |
| 3.60%, 12/01/47 | &nbsp;&nbsp; 879 | 668611 |
| 3.65%, 09/01/28 | &nbsp;&nbsp; 1102 | 1099211 |
| 3.65%, 09/01/42 | &nbsp;&nbsp; 755 | 617672 |
| 3.70%, 05/01/28 | &nbsp;&nbsp; 746 | 744019 |
| 3.80%, 01/01/43<sup>(a)</sup> | &nbsp;&nbsp; 550 | 458484 |
| 3.80%, 03/01/46 | &nbsp;&nbsp; 980 | 789001 |
| 3.85%, 05/01/49 | &nbsp;&nbsp; 1009 | 790736 |
| 3.95%, 05/01/42 | &nbsp;&nbsp; 685 | 590817 |
| 4.05%, 05/01/48 | &nbsp;&nbsp; 1095 | 893034 |
| 4.15%, 11/01/45<sup>(a)</sup> | &nbsp;&nbsp; 455 | 382828 |
| 4.65%, 03/15/33 | &nbsp;&nbsp; 1195 | 1209143 |
| 4.85%, 08/01/34 | &nbsp;&nbsp; 1070 | 1087536 |
| 4.90%, 12/15/32 | &nbsp;&nbsp; 666 | 687871 |
| 4.90%, 08/15/35 | &nbsp;&nbsp; 500 | 510048 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 380 | 393103 |
| 5.13%, 03/15/53 | &nbsp;&nbsp; 590 | 558525 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 405 | 423437 |
| 5.20%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1130 | 1177812 |
| 5.30%, 08/01/54 | &nbsp;&nbsp; 1160 | 1125908 |
| 5.38%, 11/01/39 | &nbsp;&nbsp; 720 | 737927 |
| 5.45%, 08/01/53 | &nbsp;&nbsp; 860 | 849209 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 810 | 800759 |
| 5.50%, 03/01/40<sup>(a)</sup> | &nbsp;&nbsp; 730 | 755621 |
| 5.70%, 12/01/36<sup>(a)</sup> | &nbsp;&nbsp; 280 | 301843 |
| 5.80%, 05/01/37 | &nbsp;&nbsp; 915 | 992503 |
| Series D, 5.25%, 07/01/35 | &nbsp;&nbsp; 40 | 41611 |
| Series I, 4.00%, 06/01/44 | &nbsp;&nbsp; 550 | 454462 |
| Series K, 4.05%, 05/01/45<sup>(a)</sup> | &nbsp;&nbsp; 490 | 401119 |
| Series Q, 5.50%, 03/01/55<sup>(a)</sup> | &nbsp;&nbsp; 920 | 911639 |
| Series R, 4.20%, 01/01/31<sup>(a)</sup> | &nbsp;&nbsp; 625 | 628965 |
| Series R, 5.63%, 01/01/56 | &nbsp;&nbsp; 435 | 444246 |
| Public Service Enterprise Group, Inc. |  |  |
| 1.60%, 08/15/30 | &nbsp;&nbsp; 1217 | 1091641 |
| 2.45%, 11/15/31 | &nbsp;&nbsp; 275 | 249235 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 660 | 679511 |
| 5.20%, 04/01/29 | &nbsp;&nbsp; 790 | 816473 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 740 | 767661 |
| 5.45%, 04/01/34 | &nbsp;&nbsp; 1170 | 1222877 |
| 5.85%, 11/15/27 | &nbsp;&nbsp; 1435 | 1480078 |
| 5.88%, 10/15/28 | &nbsp;&nbsp; 1120 | 1170149 |
| 6.13%, 10/15/33 | &nbsp;&nbsp; 835 | 904767 |
| Puget Energy, Inc. |  |  |
| 2.38%, 06/15/28 | &nbsp;&nbsp; 1445 | 1392550 |
| 4.10%, 06/15/30 | &nbsp;&nbsp; 1120 | 1105456 |
| 4.22%, 03/15/32 | &nbsp;&nbsp; 1080 | 1055570 |
| 5.73%, 03/15/35 | &nbsp;&nbsp; 655 | 677709 |
| Puget Sound Energy, Inc. |  |  |
| 2.89%, 09/15/51 | &nbsp;&nbsp; 665 | 435376 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.25%, 09/15/49 | &nbsp;&nbsp; $990 | $691993 |
| 4.22%, 06/15/48 | &nbsp;&nbsp; 945 | 789586 |
| 4.30%, 05/20/45 | &nbsp;&nbsp; 672 | 567555 |
| 4.43%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 504 | 455740 |
| 5.33%, 06/15/34 | &nbsp;&nbsp; 940 | 978478 |
| 5.45%, 06/01/53 | &nbsp;&nbsp; 805 | 787847 |
| 5.48%, 06/01/35 | &nbsp;&nbsp; 425 | 441985 |
| 5.60%, 09/15/55 | &nbsp;&nbsp; 1145 | 1144060 |
| 5.64%, 04/15/41<sup>(a)</sup> | &nbsp;&nbsp; 275 | 280330 |
| 5.69%, 06/15/54 | &nbsp;&nbsp; 1060 | 1071199 |
| 5.76%, 10/01/39 | &nbsp;&nbsp; 875 | 927858 |
| 5.76%, 07/15/40<sup>(a)</sup> | &nbsp;&nbsp; 585 | 603823 |
| 5.80%, 03/15/40 | &nbsp;&nbsp; 630 | 659733 |
| 6.27%, 03/15/37<sup>(a)</sup> | &nbsp;&nbsp; 490 | 540739 |
| 6.72%, 06/15/36 | &nbsp;&nbsp; 240 | 271009 |
| 7.02%, 12/01/27 | &nbsp;&nbsp; 520 | 546997 |
| Rochester Gas and Electric Corp., 3.10%, <br> 06/01/27<sup>(b)</sup><br>| &nbsp;&nbsp; 1009 | 999883 |
| Ruwais Power Co. PJSC, 6.00%, 08/31/36<sup>(b)</sup> | &nbsp;&nbsp; 295 | 314461 |
| RWE Finance U.S. LLC |  |  |
| 5.13%, 09/18/35<sup>(b)</sup> | &nbsp;&nbsp; 440 | 441106 |
| 5.88%, 04/16/34<sup>(b)</sup> | &nbsp;&nbsp; 2390 | 2537206 |
| 5.88%, 09/18/55<sup>(b)</sup> | &nbsp;&nbsp; 1445 | 1437092 |
| 6.25%, 04/16/54<sup>(b)</sup> | &nbsp;&nbsp; 1835 | 1915131 |
| San Diego Gas & Electric Co. |  |  |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 990 | 736896 |
| 3.95%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 577 | 486814 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 749 | 611793 |
| 4.30%, 04/01/42<sup>(a)</sup> | &nbsp;&nbsp; 766 | 670482 |
| 4.50%, 08/15/40<sup>(a)</sup> | &nbsp;&nbsp; 1074 | 992120 |
| 4.95%, 08/15/28 | &nbsp;&nbsp; 1710 | 1754749 |
| 5.35%, 05/15/35 | &nbsp;&nbsp; 558 | 579991 |
| 5.35%, 05/15/40 | &nbsp;&nbsp; 350 | 355566 |
| 5.35%, 04/01/53 | &nbsp;&nbsp; 300 | 285379 |
| 5.40%, 04/15/35 | &nbsp;&nbsp; 1525 | 1589224 |
| 5.55%, 04/15/54 | &nbsp;&nbsp; 1045 | 1029404 |
| 6.00%, 06/01/39<sup>(a)</sup> | &nbsp;&nbsp; 720 | 777462 |
| Series FFF, 6.13%, 09/15/37<sup>(a)</sup> | &nbsp;&nbsp; 450 | 497582 |
| Series RRR, 3.75%, 06/01/47 | &nbsp;&nbsp; 897 | 698627 |
| Series TTT, 4.10%, 06/15/49 | &nbsp;&nbsp; 765 | 614777 |
| Series UUU, 3.32%, 04/15/50 | &nbsp;&nbsp; 797 | 557830 |
| Series VVV, 1.70%, 10/01/30 | &nbsp;&nbsp; 1498 | 1349120 |
| Series WWW, 2.95%, 08/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1485 | 972695 |
| Series XXX, 3.00%, 03/15/32 | &nbsp;&nbsp; 1025 | 952457 |
| Saudi Electricity Global Sukuk Co. 2, 5.06%, <br> 04/08/43<sup>(b)</sup><br>| &nbsp;&nbsp; 1330 | 1288153 |
| Saudi Electricity Global Sukuk Co. 3, 5.50%, <br> 04/08/44<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1936 | 1947486 |
| Sempra |  |  |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 1704 | 1689018 |
| 3.40%, 02/01/28 | &nbsp;&nbsp; 2307 | 2281800 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 1743 | 1724662 |
| 3.80%, 02/01/38 | &nbsp;&nbsp; 2303 | 2012145 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 1880 | 1459239 |
| 4.13%, 04/01/52, (5-year CMT + 2.87%)<sup>(d)</sup> | &nbsp;&nbsp; 1655 | 1633530 |
| 5.50%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1340 | 1413469 |
| 6.00%, 10/15/39 | &nbsp;&nbsp; 1804 | 1905331 |
| 6.38%, 04/01/56, (5-year CMT + 2.63%)<sup>(d)</sup> | &nbsp;&nbsp; 50 | 51196 |
| 6.40%, 10/01/54, (5-year CMT + 2.63%)<sup>(d)</sup> | &nbsp;&nbsp; 1660 | 1693595 |
| 6.55%, 04/01/55, (5-year CMT + 2.14%)<sup>(d)</sup> | &nbsp;&nbsp; 1020 | 1041297 |
| 6.63%, 04/01/55, (5-year CMT + 2.35%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 595 | 604798 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 6.88%, 10/01/54, (5-year CMT + 2.79%)<sup>(d)</sup> | &nbsp;&nbsp; $1315 | $1354545 |
| Sierra Pacific Power Co. |  |  |
| 5.90%, 03/15/54 | &nbsp;&nbsp; 715 | 728774 |
| 6.20%, 12/15/55, (5-year CMT + 2.55%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 375 | 372898 |
| Series P, 6.75%, 07/01/37 | &nbsp;&nbsp; 435 | 496895 |
| Sociedad de Transmision Austral SA, 4.00%, <br> 01/27/32<sup>(b)</sup><br>| &nbsp;&nbsp; 275 | 261752 |
| Solar Star Funding LLC, 5.38%, 06/30/35<sup>(b)</sup> | &nbsp;&nbsp; 820 | 843646 |
| Southern California Edison Co. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 1318 | 1212766 |
| 2.75%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 937 | 850564 |
| 2.85%, 08/01/29 | &nbsp;&nbsp; 1228 | 1176064 |
| 3.45%, 02/01/52 | &nbsp;&nbsp; 1170 | 799187 |
| 3.65%, 02/01/50 | &nbsp;&nbsp; 2197 | 1574483 |
| 3.90%, 12/01/41<sup>(a)</sup> | &nbsp;&nbsp; 680 | 551556 |
| 4.00%, 04/01/47 | &nbsp;&nbsp; 2838 | 2184713 |
| 4.05%, 03/15/42<sup>(a)</sup> | &nbsp;&nbsp; 945 | 770509 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 1012 | 902804 |
| 4.65%, 10/01/43 | &nbsp;&nbsp; 1521 | 1318465 |
| 4.80%, 03/15/33 | &nbsp;&nbsp; 1325 | 1330854 |
| 5.15%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2270 | 2335178 |
| 5.20%, 06/01/34 | &nbsp;&nbsp; 1580 | 1606212 |
| 5.25%, 03/15/30 | &nbsp;&nbsp; 1995 | 2061849 |
| 5.30%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2385 | 2440373 |
| 5.45%, 06/01/31 | &nbsp;&nbsp; 1320 | 1382838 |
| 5.45%, 03/01/35 | &nbsp;&nbsp; 1497 | 1540302 |
| 5.50%, 03/15/40<sup>(a)</sup> | &nbsp;&nbsp; 1039 | 1036258 |
| 5.63%, 02/01/36<sup>(a)</sup> | &nbsp;&nbsp; 913 | 942359 |
| 5.65%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp; 935 | 969964 |
| 5.70%, 03/01/53 | &nbsp;&nbsp; 1170 | 1114247 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 355 | 341670 |
| 5.85%, 11/01/27 | &nbsp;&nbsp; 1285 | 1320455 |
| 5.88%, 12/01/53 | &nbsp;&nbsp; 1155 | 1134770 |
| 5.90%, 03/01/55<sup>(a)</sup> | &nbsp;&nbsp; 1255 | 1236829 |
| 5.95%, 11/01/32 | &nbsp;&nbsp; 1115 | 1194617 |
| 6.00%, 01/15/34 | &nbsp;&nbsp; 1027 | 1095727 |
| 6.05%, 03/15/39 | &nbsp;&nbsp; 1115 | 1166689 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 1930 | 1987497 |
| 6.65%, 04/01/29 | &nbsp;&nbsp; 1575 | 1668501 |
| Series 04-G, 5.75%, 04/01/35 | &nbsp;&nbsp; 1015 | 1060324 |
| Series 05-B, 5.55%, 01/15/36 | &nbsp;&nbsp; 305 | 313113 |
| Series 05-E, 5.35%, 07/15/35 | &nbsp;&nbsp; 807 | 821607 |
| Series 06-E, 5.55%, 01/15/37 | &nbsp;&nbsp; 890 | 907783 |
| Series 08-A, 5.95%, 02/01/38 | &nbsp;&nbsp; 1220 | 1272835 |
| Series 13-A, 3.90%, 03/15/43 | &nbsp;&nbsp; 760 | 599564 |
| Series 20A, 2.95%, 02/01/51 | &nbsp;&nbsp; 1720 | 1078644 |
| Series A, 4.20%, 03/01/29 | &nbsp;&nbsp; 1273 | 1274375 |
| Series B, 3.65%, 03/01/28 | &nbsp;&nbsp; 895 | 889096 |
| Series B, 4.88%, 03/01/49 | &nbsp;&nbsp; 1637 | 1411342 |
| Series C, 3.60%, 02/01/45 | &nbsp;&nbsp; 1089 | 808779 |
| Series C, 4.13%, 03/01/48<sup>(a)</sup> | &nbsp;&nbsp; 2406 | 1883101 |
| Series D, 4.70%, 06/01/27 | &nbsp;&nbsp; 1110 | 1118185 |
| Series E, 5.45%, 06/01/52<sup>(a)</sup> | &nbsp;&nbsp; 946 | 867532 |
| Series G, 2.50%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1181 | 1079437 |
| Series H, 3.65%, 06/01/51 | &nbsp;&nbsp; 1135 | 795876 |
| Southern Co.(The) |  |  |
| 4.25%, 07/01/36 | &nbsp;&nbsp; 949 | 898731 |
| 4.40%, 07/01/46 | &nbsp;&nbsp; 3975 | 3399048 |
| 4.85%, 06/15/28 | &nbsp;&nbsp; 1715 | 1749328 |
| 4.85%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1505 | 1502266 |
| 5.11%, 08/01/27 | &nbsp;&nbsp; 1105 | 1123224 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.20%, 06/15/33 | &nbsp;&nbsp; $1720 | $1781484 |
| 5.50%, 03/15/29 | &nbsp;&nbsp; 2455 | 2558837 |
| 5.70%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1060 | 1134617 |
| 5.70%, 03/15/34 | &nbsp;&nbsp; 1980 | 2106020 |
| Series 2025, 6.38%, 03/15/55, (5-year CMT <br> + 2.07%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1220 | 1276387 |
| Series 21-B, 1.75%, 03/15/28 | &nbsp;&nbsp; 1367 | 1310399 |
| Series A, 3.70%, 04/30/30 | &nbsp;&nbsp; 2365 | 2329073 |
| Southern Power Co. |  |  |
| 5.15%, 09/15/41 | &nbsp;&nbsp; 883 | 863645 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 596 | 580375 |
| Series A, 4.25%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 855 | 859237 |
| Series B, 4.90%, 10/01/35 | &nbsp;&nbsp; 1160 | 1155804 |
| Series F, 4.95%, 12/15/46 | &nbsp;&nbsp; 658 | 593985 |
| Southwestern Electric Power Co. |  |  |
| 3.25%, 11/01/51 | &nbsp;&nbsp; 1380 | 917736 |
| 5.30%, 04/01/33 | &nbsp;&nbsp; 450 | 466591 |
| 6.20%, 03/15/40 | &nbsp;&nbsp; 810 | 871457 |
| Series J, 3.90%, 04/01/45 | &nbsp;&nbsp; 724 | 570204 |
| Series L, 3.85%, 02/01/48 | &nbsp;&nbsp; 754 | 575494 |
| Series M, 4.10%, 09/15/28 | &nbsp;&nbsp; 658 | 658902 |
| Southwestern Public Service Co. |  |  |
| 3.40%, 08/15/46<sup>(a)</sup> | &nbsp;&nbsp; 1315 | 952014 |
| 3.70%, 08/15/47 | &nbsp;&nbsp; 737 | 563495 |
| 3.75%, 06/15/49<sup>(a)</sup> | &nbsp;&nbsp; 637 | 485237 |
| 4.50%, 08/15/41 | &nbsp;&nbsp; 770 | 694409 |
| 5.30%, 05/15/35 | &nbsp;&nbsp; 1135 | 1172126 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 496 | 525986 |
| 6.00%, 06/01/54 | &nbsp;&nbsp; 929 | 963646 |
| Series 6, 4.40%, 11/15/48 | &nbsp;&nbsp; 983 | 821929 |
| Series 8, 3.15%, 05/01/50 | &nbsp;&nbsp; 940 | 634214 |
| SP Group Treasury Pte Ltd. |  |  |
| 3.38%, 02/27/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1031 | 1020191 |
| 4.63%, 11/21/29<sup>(b)</sup> | &nbsp;&nbsp; 295 | 303598 |
| SP PowerAssets Ltd., 3.00%, 09/26/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 650 | 643205 |
| Star Energy Geothermal Darajat II/Star Energy <br> Geothermal Salak, 4.85%, 10/14/38<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 880 | 852566 |
| State Grid Overseas Investment 2013 Ltd., <br> 4.38%, 05/22/43<sup>(b)</sup><br>| &nbsp;&nbsp; 150 | 145272 |
| State Grid Overseas Investment 2014 Ltd., <br> 4.85%, 05/07/44<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 945 | 968358 |
| State Grid Overseas Investment BVI Ltd. |  |  |
| 3.50%, 05/04/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4035 | 4028677 |
| 4.00%, 05/04/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 707 | 645749 |
| 4.25%, 05/02/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 905 | 916326 |
| System Energy Resources, Inc. |  |  |
| 5.30%, 12/15/34 | &nbsp;&nbsp; 1150 | 1174010 |
| 6.00%, 04/15/28 | &nbsp;&nbsp; 395 | 410024 |
| Tampa Electric Co. |  |  |
| 2.40%, 03/15/31 | &nbsp;&nbsp; 1076 | 991588 |
| 3.45%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 779 | 560752 |
| 3.63%, 06/15/50<sup>(a)</sup> | &nbsp;&nbsp; 685 | 510767 |
| 4.10%, 06/15/42 | &nbsp;&nbsp; 580 | 501833 |
| 4.20%, 05/15/45<sup>(a)</sup> | &nbsp;&nbsp; 510 | 427234 |
| 4.30%, 06/15/48<sup>(a)</sup> | &nbsp;&nbsp; 432 | 364009 |
| 4.35%, 05/15/44 | &nbsp;&nbsp; 767 | 667995 |
| 4.45%, 06/15/49 | &nbsp;&nbsp; 653 | 554798 |
| 4.90%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1240 | 1273280 |
| 5.00%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 461 | 428354 |
| 5.15%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 970 | 996134 |
| 6.15%, 05/15/37<sup>(a)</sup> | &nbsp;&nbsp; 385 | 421484 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 6.55%, 05/15/36<sup>(a)</sup> | &nbsp;&nbsp; $335 | $377464 |
| Tierra Mojada Luxembourg II SARL, 5.75%, <br> 12/01/40<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1124 | 1106854 |
| Toledo Edison Co. (The), 6.15%, 05/15/37 | &nbsp;&nbsp; 467 | 515488 |
| Trans-Allegheny Interstate Line Co., 5.00%, <br> 01/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 1200 | 1240307 |
| Transelec SA, 3.88%, 01/12/29<sup>(b)</sup> | &nbsp;&nbsp; 100 | 98459 |
| Tri-State Generation & Transmission <br> Association, Inc.<br>|  |  |
| 4.70%, 11/01/44<sup>(a)</sup> | &nbsp;&nbsp; 420 | 363847 |
| 6.00%, 06/15/40<sup>(b)</sup> | &nbsp;&nbsp; 952 | 1003533 |
| Tucson Electric Power Co. |  |  |
| 1.50%, 08/01/30 | &nbsp;&nbsp; 1597 | 1428457 |
| 3.25%, 05/15/32 | &nbsp;&nbsp; 770 | 722840 |
| 3.25%, 05/01/51 | &nbsp;&nbsp; 471 | 321336 |
| 4.00%, 06/15/50 | &nbsp;&nbsp; 962 | 757595 |
| 4.85%, 12/01/48 | &nbsp;&nbsp; 566 | 509352 |
| 5.20%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 605 | 624095 |
| 5.50%, 04/15/53 | &nbsp;&nbsp; 755 | 733968 |
| 5.90%, 04/15/55<sup>(a)</sup> | &nbsp;&nbsp; 875 | 897825 |
| Union Electric Co. |  |  |
| 2.15%, 03/15/32 | &nbsp;&nbsp; 1200 | 1067981 |
| 2.63%, 03/15/51 | &nbsp;&nbsp; 500 | 306776 |
| 2.95%, 06/15/27 | &nbsp;&nbsp; 876 | 867821 |
| 2.95%, 03/15/30 | &nbsp;&nbsp; 1015 | 975825 |
| 3.25%, 10/01/49 | &nbsp;&nbsp; 790 | 550596 |
| 3.50%, 03/15/29 | &nbsp;&nbsp; 1081 | 1069656 |
| 3.65%, 04/15/45 | &nbsp;&nbsp; 244 | 194086 |
| 3.90%, 09/15/42 | &nbsp;&nbsp; 680 | 574995 |
| 3.90%, 04/01/52 | &nbsp;&nbsp; 940 | 731259 |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 827 | 666473 |
| 4.80%, 03/15/36 | &nbsp;&nbsp; 800 | 801778 |
| 5.13%, 03/15/55 | &nbsp;&nbsp; 995 | 932012 |
| 5.20%, 04/01/34 | &nbsp;&nbsp; 985 | 1028206 |
| 5.25%, 04/15/35 | &nbsp;&nbsp; 1015 | 1052454 |
| 5.25%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 715 | 681360 |
| 5.30%, 08/01/37<sup>(a)</sup> | &nbsp;&nbsp; 545 | 567074 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 850 | 837426 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 800 | 795687 |
| 8.45%, 03/15/39 | &nbsp;&nbsp; 610 | 797701 |
| Virginia Electric and Power Co. |  |  |
| 2.30%, 11/15/31 | &nbsp;&nbsp; 830 | 748360 |
| 2.40%, 03/30/32 | &nbsp;&nbsp; 1085 | 977032 |
| 2.45%, 12/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1774 | 1027464 |
| 2.95%, 11/15/51 | &nbsp;&nbsp; 1745 | 1111895 |
| 3.30%, 12/01/49 | &nbsp;&nbsp; 992 | 690554 |
| 4.00%, 01/15/43<sup>(a)</sup> | &nbsp;&nbsp; 1015 | 847694 |
| 4.45%, 02/15/44 | &nbsp;&nbsp; 1135 | 995363 |
| 4.60%, 12/01/48 | &nbsp;&nbsp; 1285 | 1105284 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 1775 | 1772103 |
| 5.00%, 04/01/33 | &nbsp;&nbsp; 1475 | 1515777 |
| 5.00%, 01/15/34 | &nbsp;&nbsp; 955 | 974326 |
| 5.05%, 08/15/34 | &nbsp;&nbsp; 1090 | 1111642 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 1045 | 1069046 |
| 5.30%, 08/15/33 | &nbsp;&nbsp; 870 | 909973 |
| 5.35%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1155 | 1094856 |
| 5.45%, 04/01/53 | &nbsp;&nbsp; 1460 | 1403265 |
| 5.55%, 08/15/54 | &nbsp;&nbsp; 1130 | 1099118 |
| 5.65%, 03/15/55 | &nbsp;&nbsp; 1620 | 1595022 |
| 5.70%, 08/15/53 | &nbsp;&nbsp; 1230 | 1220032 |
| 5.70%, 03/15/56 | &nbsp;&nbsp; 2225 | 2209605 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 6.35%, 11/30/37 | &nbsp;&nbsp; $1022 | $1134433 |
| 8.88%, 11/15/38 | &nbsp;&nbsp; 1153 | 1542544 |
| Series A, 2.88%, 07/15/29 | &nbsp;&nbsp; 1215 | 1175300 |
| Series A, 3.50%, 03/15/27 | &nbsp;&nbsp; 1135 | 1130877 |
| Series A, 3.80%, 04/01/28 | &nbsp;&nbsp; 1435 | 1434392 |
| Series A, 6.00%, 05/15/37<sup>(a)</sup> | &nbsp;&nbsp; 980 | 1058587 |
| Series B, 3.75%, 05/15/27 | &nbsp;&nbsp; 963 | 961867 |
| Series B, 3.80%, 09/15/47 | &nbsp;&nbsp; 1157 | 898079 |
| Series B, 4.20%, 05/15/45 | &nbsp;&nbsp; 815 | 682902 |
| Series B, 6.00%, 01/15/36 | &nbsp;&nbsp; 1069 | 1154710 |
| Series C, 4.00%, 11/15/46 | &nbsp;&nbsp; 1078 | 869058 |
| Series C, 4.63%, 05/15/52 | &nbsp;&nbsp; 1075 | 914575 |
| Series C, 4.90%, 09/15/35 | &nbsp;&nbsp; 1525 | 1529586 |
| Series D, 4.65%, 08/15/43 | &nbsp;&nbsp; 1225 | 1108143 |
| Series D, 5.60%, 09/15/55 | &nbsp;&nbsp; 2046 | 2005103 |
| Vistra Operations Co. LLC |  |  |
| 4.30%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp; 140 | 140144 |
| 4.30%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1409 | 1409701 |
| 4.60%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30190 |
| 4.70%, 01/31/31<sup>(b)</sup> | &nbsp;&nbsp; 725 | 729148 |
| 5.25%, 10/15/35<sup>(b)</sup> | &nbsp;&nbsp; 1060 | 1062243 |
| 5.35%, 01/31/36<sup>(b)</sup> | &nbsp;&nbsp; 995 | 1001888 |
| 5.70%, 12/30/34<sup>(b)</sup> | &nbsp;&nbsp; 1390 | 1440496 |
| 6.00%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 615 | 651973 |
| 6.95%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 2500 | 2802617 |
| WEC Energy Group, Inc. |  |  |
| 1.38%, 10/15/27 | &nbsp;&nbsp; 1224 | 1177259 |
| 1.80%, 10/15/30 | &nbsp;&nbsp; 421 | 378682 |
| 2.20%, 12/15/28 | &nbsp;&nbsp; 740 | 706836 |
| 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1560 | 1583743 |
| 5.15%, 10/01/27 | &nbsp;&nbsp; 660 | 671447 |
| 5.63%, 05/15/56, (5-year CMT + 1.91%)<sup>(d)</sup> | &nbsp;&nbsp; 410 | 412587 |
| Wisconsin Electric Power Co. |  |  |
| 1.70%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 475 | 453618 |
| 3.65%, 12/15/42 | &nbsp;&nbsp; 405 | 326577 |
| 3.95%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1080 | 1083133 |
| 4.15%, 10/15/30 | &nbsp;&nbsp; 1280 | 1287446 |
| 4.25%, 06/01/44 | &nbsp;&nbsp; 455 | 392371 |
| 4.30%, 12/15/45 | &nbsp;&nbsp; 245 | 209529 |
| 4.30%, 10/15/48<sup>(a)</sup> | &nbsp;&nbsp; 780 | 660825 |
| 4.60%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 860 | 866287 |
| 4.75%, 09/30/32<sup>(a)</sup> | &nbsp;&nbsp; 920 | 946674 |
| 5.00%, 05/15/29 | &nbsp;&nbsp; 840 | 866904 |
| 5.05%, 10/01/54<sup>(a)</sup> | &nbsp;&nbsp; 705 | 656255 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 377 | 407764 |
| 5.70%, 12/01/36<sup>(a)</sup> | &nbsp;&nbsp; 595 | 643001 |
| Wisconsin Power and Light Co. |  |  |
| 1.95%, 09/16/31<sup>(a)</sup> | &nbsp;&nbsp; 645 | 574353 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 857 | 834662 |
| 3.05%, 10/15/27 | &nbsp;&nbsp; 790 | 779790 |
| 3.65%, 04/01/50 | &nbsp;&nbsp; 620 | 459899 |
| 3.95%, 09/01/32 | &nbsp;&nbsp; 1210 | 1181905 |
| 4.10%, 10/15/44 | &nbsp;&nbsp; 385 | 318062 |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 1070 | 1095656 |
| 5.38%, 03/30/34 | &nbsp;&nbsp; 855 | 889143 |
| 5.70%, 12/15/55 | &nbsp;&nbsp; 775 | 775807 |
| 6.38%, 08/15/37 | &nbsp;&nbsp; 485 | 539152 |
| 7.60%, 10/01/38<sup>(a)</sup> | &nbsp;&nbsp; 395 | 473403 |
| Wisconsin Public Service Corp. |  |  |
| 2.85%, 12/01/51<sup>(a)</sup> | &nbsp;&nbsp; 505 | 325793 |
| 3.30%, 09/01/49 | &nbsp;&nbsp; 705 | 497029 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.67%, 12/01/42 | &nbsp;&nbsp; $752 | $619138 |
| 4.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 585 | 590703 |
| 4.55%, 12/01/29 | &nbsp;&nbsp; 765 | 780717 |
| 4.75%, 11/01/44 | &nbsp;&nbsp; 894 | 820298 |
| Xcel Energy, Inc. |  |  |
| 1.75%, 03/15/27 | &nbsp;&nbsp; 895 | 875499 |
| 2.35%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 560 | 505042 |
| 2.60%, 12/01/29 | &nbsp;&nbsp; 970 | 921045 |
| 3.40%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1405 | 1364120 |
| 3.50%, 12/01/49 | &nbsp;&nbsp; 810 | 589996 |
| 4.00%, 06/15/28 | &nbsp;&nbsp; 1729 | 1732072 |
| 4.60%, 06/01/32 | &nbsp;&nbsp; 1030 | 1037658 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 720 | 731253 |
| 4.80%, 09/15/41 | &nbsp;&nbsp; 513 | 477966 |
| 5.45%, 08/15/33 | &nbsp;&nbsp; 1855 | 1936518 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 1545 | 1613051 |
| 5.60%, 04/15/35 | &nbsp;&nbsp; 805 | 841432 |
| 5.75%, 12/03/56, (5-year CMT + 2.17%)<sup>(d)</sup> | &nbsp;&nbsp; 900 | 899996 |
| 6.50%, 07/01/36 | &nbsp;&nbsp; 640 | 710382 |
|  |  | 1532410506 |
| **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** |
| ABB Finance USA, Inc. |  |  |
| 3.80%, 04/03/28 | &nbsp;&nbsp; 1441 | 1443183 |
| 4.38%, 05/08/42 | &nbsp;&nbsp; 770 | 703844 |
| Acuity Brands Lighting, Inc., 2.15%, 12/15/30 | &nbsp;&nbsp; 854 | 776819 |
| Emerson Electric Co. |  |  |
| 1.80%, 10/15/27 | &nbsp;&nbsp; 949 | 921494 |
| 1.95%, 10/15/30 | &nbsp;&nbsp; 1350 | 1237340 |
| 2.00%, 12/21/28 | &nbsp;&nbsp; 1440 | 1374072 |
| 2.20%, 12/21/31<sup>(a)</sup> | &nbsp;&nbsp; 1990 | 1806608 |
| 2.75%, 10/15/50<sup>(a)</sup> | &nbsp;&nbsp; 696 | 450808 |
| 2.80%, 12/21/51 | &nbsp;&nbsp; 1755 | 1138554 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 850 | 879352 |
| 5.25%, 11/15/39 | &nbsp;&nbsp; 660 | 685302 |
| 6.00%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 770 | 850155 |
| 6.13%, 04/15/39<sup>(a)</sup> | &nbsp;&nbsp; 230 | 255877 |
| Molex Electronic Technologies LLC |  |  |
| 4.75%, 04/30/28<sup>(b)</sup> | &nbsp;&nbsp; 945 | 957872 |
| 5.25%, 04/30/32<sup>(b)</sup> | &nbsp;&nbsp; 705 | 731415 |
|  |  | 14212695 |
| **Electronics — 0.6%** | **Electronics — 0.6%** | **Electronics — 0.6%** |
| Allegion PLC, 3.50%, 10/01/29 | &nbsp;&nbsp; 1198 | 1172844 |
| Allegion U.S. Holding Co., Inc. |  |  |
| 3.55%, 10/01/27 | &nbsp;&nbsp; 920 | 913563 |
| 5.41%, 07/01/32 | &nbsp;&nbsp; 679 | 709409 |
| 5.60%, 05/29/34 | &nbsp;&nbsp; 665 | 702226 |
| Amphenol Corp. |  |  |
| 2.20%, 09/15/31 | &nbsp;&nbsp; 1470 | 1332715 |
| 2.80%, 02/15/30 | &nbsp;&nbsp; 2467 | 2360914 |
| 3.80%, 11/15/27 | &nbsp;&nbsp; 1430 | 1432401 |
| 3.90%, 11/15/28 | &nbsp;&nbsp; 730 | 733144 |
| 4.13%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1830 | 1839197 |
| 4.35%, 06/01/29 | &nbsp;&nbsp; 1595 | 1619559 |
| 4.38%, 06/12/28<sup>(a)</sup> | &nbsp;&nbsp; 955 | 967239 |
| 4.40%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2004922 |
| 4.63%, 02/15/36 | &nbsp;&nbsp; 2595 | 2579104 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 1415 | 1451930 |
| 5.05%, 04/05/27 | &nbsp;&nbsp; 940 | 952263 |
| 5.05%, 04/05/29<sup>(a)</sup> | &nbsp;&nbsp; 1665 | 1721215 |
| 5.25%, 04/05/34 | &nbsp;&nbsp; 1600 | 1676060 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 5.30%, 11/15/55 | &nbsp;&nbsp; $2245 | $2173917 |
| 5.38%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 545 | 537266 |
| Arrow Electronics, Inc. |  |  |
| 2.95%, 02/15/32 | &nbsp;&nbsp; 1131 | 1024024 |
| 3.88%, 01/12/28 | &nbsp;&nbsp; 1255 | 1248165 |
| 5.15%, 08/21/29<sup>(a)</sup> | &nbsp;&nbsp; 1100 | 1128565 |
| 5.88%, 04/10/34<sup>(a)</sup> | &nbsp;&nbsp; 960 | 1011469 |
| Avnet, Inc. |  |  |
| 3.00%, 05/15/31 | &nbsp;&nbsp; 765 | 705550 |
| 5.50%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 590 | 612508 |
| 6.25%, 03/15/28 | &nbsp;&nbsp; 1175 | 1218668 |
| Flex Ltd. |  |  |
| 4.88%, 06/15/29 | &nbsp;&nbsp; 398 | 405471 |
| 4.88%, 05/12/30 | &nbsp;&nbsp; 1314 | 1336424 |
| 5.25%, 01/15/32 | &nbsp;&nbsp; 1240 | 1273025 |
| 5.38%, 11/13/35 | &nbsp;&nbsp; 580 | 586357 |
| 6.00%, 01/15/28 | &nbsp;&nbsp; 1170 | 1208549 |
| Fortive Corp., 4.30%, 06/15/46 | &nbsp;&nbsp; 1041 | 878605 |
| Honeywell International, Inc. |  |  |
| 1.75%, 09/01/31 | &nbsp;&nbsp; 2815 | 2493329 |
| 1.95%, 06/01/30 | &nbsp;&nbsp; 2130 | 1964610 |
| 2.70%, 08/15/29 | &nbsp;&nbsp; 1725 | 1660208 |
| 2.80%, 06/01/50 | &nbsp;&nbsp; 1259 | 853122 |
| 3.81%, 11/21/47 | &nbsp;&nbsp; 880 | 702246 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 1925 | 1946786 |
| 4.50%, 01/15/34 | &nbsp;&nbsp; 2255 | 2267585 |
| 4.65%, 07/30/27 | &nbsp;&nbsp; 1860 | 1883177 |
| 4.70%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2550 | 2619177 |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 895 | 922025 |
| 4.88%, 09/01/29 | &nbsp;&nbsp; 1120 | 1156179 |
| 4.95%, 02/15/28 | &nbsp;&nbsp; 1480 | 1512260 |
| 4.95%, 09/01/31 | &nbsp;&nbsp; 1030 | 1076390 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 1920 | 2002895 |
| 5.00%, 03/01/35 | &nbsp;&nbsp; 2420 | 2496268 |
| 5.25%, 03/01/54 | &nbsp;&nbsp; 2910 | 2799841 |
| 5.35%, 03/01/64 | &nbsp;&nbsp; 1145 | 1106734 |
| 5.38%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 1037 | 1076231 |
| 5.70%, 03/15/36 | &nbsp;&nbsp; 985 | 1063271 |
| 5.70%, 03/15/37 | &nbsp;&nbsp; 325 | 351782 |
| Hubbell, Inc. |  |  |
| 2.30%, 03/15/31 | &nbsp;&nbsp; 502 | 463467 |
| 3.15%, 08/15/27 | &nbsp;&nbsp; 200 | 197784 |
| 3.50%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 963 | 956933 |
| 4.80%, 11/15/35 | &nbsp;&nbsp; 450 | 452677 |
| Jabil, Inc. |  |  |
| 3.00%, 01/15/31 | &nbsp;&nbsp; 1002 | 939872 |
| 3.60%, 01/15/30 | &nbsp;&nbsp; 1042 | 1014592 |
| 3.95%, 01/12/28 | &nbsp;&nbsp; 1290 | 1287278 |
| 4.20%, 02/01/29 | &nbsp;&nbsp; 845 | 846580 |
| 4.25%, 05/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1225 | 1229373 |
| 4.75%, 02/01/33 | &nbsp;&nbsp; 485 | 483226 |
| 5.45%, 02/01/29 | &nbsp;&nbsp; 885 | 916733 |
| Keysight Technologies, Inc. |  |  |
| 3.00%, 10/30/29 | &nbsp;&nbsp; 1295 | 1250827 |
| 4.60%, 04/06/27 | &nbsp;&nbsp; 1252 | 1259003 |
| 4.95%, 10/15/34 | &nbsp;&nbsp; 795 | 810504 |
| 5.35%, 07/30/30 | &nbsp;&nbsp; 1170 | 1227161 |
| TD SYNNEX Corp. |  |  |
| 2.38%, 08/09/28 | &nbsp;&nbsp; 1268 | 1213744 |
| 2.65%, 08/09/31 | &nbsp;&nbsp; 1199 | 1085472 |
| 4.30%, 01/17/29 | &nbsp;&nbsp; 1225 | 1225297 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 5.30%, 10/10/35 | &nbsp;&nbsp; $830 | $827470 |
| 6.10%, 04/12/34 | &nbsp;&nbsp; 740 | 784373 |
| Trimble, Inc. |  |  |
| 4.90%, 06/15/28 | &nbsp;&nbsp; 1381 | 1393938 |
| 6.10%, 03/15/33 | &nbsp;&nbsp; 785 | 836563 |
| Tyco Electronics Group SA |  |  |
| 2.50%, 02/04/32 | &nbsp;&nbsp; 1285 | 1169790 |
| 3.13%, 08/15/27 | &nbsp;&nbsp; 981 | 973597 |
| 4.50%, 02/09/31 | &nbsp;&nbsp; 1165 | 1185642 |
| 4.63%, 02/01/30 | &nbsp;&nbsp; 760 | 779368 |
| 4.88%, 02/09/36 | &nbsp;&nbsp; 605 | 614570 |
| 5.00%, 05/09/35 | &nbsp;&nbsp; 585 | 599550 |
| 7.13%, 10/01/37 | &nbsp;&nbsp; 865 | 1030057 |
| Vontier Corp. |  |  |
| 2.40%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 951 | 918293 |
| 2.95%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1277 | 1186329 |
|  |  | 100631447 |
| **Energy - Alternate Sources — 0.0%** | **Energy - Alternate Sources — 0.0%** | **Energy - Alternate Sources — 0.0%** |
| Hanwha Energy USA Holdings Corp., 4.38%, <br> 07/02/28<sup>(b)</sup><br>| &nbsp;&nbsp; 35 | 35369 |
| Sweihan PV Power Co. PJSC, 3.63%, <br> 01/31/49<sup>(b)</sup><br>| &nbsp;&nbsp; 662 | 565822 |
| Topaz Solar Farms LLC, 5.75%, 09/30/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 120 | 120600 |
|  |  | 721791 |
| **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** |
| Aeropuerto Internacional de Tocumen SA |  |  |
| 4.00%, 08/11/41<sup>(b)</sup> | &nbsp;&nbsp; 790 | 679992 |
| 5.13%, 08/11/61<sup>(b)</sup> | &nbsp;&nbsp; 2492 | 2093903 |
| Cellnex Finance Co. SA, 3.88%, 07/07/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 535 | 444972 |
| CIMIC Finance USA Pty. Ltd., 7.00%, <br> 03/25/34<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1185 | 1304637 |
| Jacobs Engineering Group, Inc. |  |  |
| 5.90%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 815 | 859764 |
| 6.35%, 08/18/28 | &nbsp;&nbsp; 3085 | 3242423 |
| Jacobs Solutions, Inc. |  |  |
| 4.75%, 03/03/31 | &nbsp;&nbsp; 900 | 901370 |
| 5.38%, 03/03/36 | &nbsp;&nbsp; 900 | 900152 |
| LBJ Infrastructure Group LLC, 3.80%, <br> 12/31/57<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 585 | 425783 |
| MasTec, Inc. |  |  |
| 4.50%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp; 2305 | 2304029 |
| 5.90%, 06/15/29 | &nbsp;&nbsp; 2005 | 2104428 |
| Mexico City Airport Trust |  |  |
| 3.88%, 04/30/28<sup>(b)</sup> | &nbsp;&nbsp; 904 | 894974 |
| 5.50%, 10/31/46<sup>(b)</sup> | &nbsp;&nbsp; 1422 | 1261351 |
| 5.50%, 07/31/47<sup>(b)</sup> | &nbsp;&nbsp; 3011 | 2639382 |
| Sitios Latinoamerica SAB de CV |  |  |
| 5.38%, 04/04/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1680 | 1690690 |
| 6.00%, 11/25/29<sup>(b)</sup> | &nbsp;&nbsp; 170 | 175950 |
| Ste Transcore Holdings, Inc. |  |  |
| 3.38%, 05/05/27<sup>(b)</sup> | &nbsp;&nbsp; 250 | 248973 |
| 3.75%, 05/05/32<sup>(b)</sup> | &nbsp;&nbsp; 150 | 147095 |
| Summit Digitel Infrastructure Ltd., 2.88%, <br> 08/12/31<sup>(b)</sup><br>| &nbsp;&nbsp; 170 | 156751 |
| Vinci SA, 3.75%, 04/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2010 | 1997444 |
|  |  | 24474063 |
| **Entertainment — 0.0%** | **Entertainment — 0.0%** | **Entertainment — 0.0%** |
| Flutter Treasury DAC |  |  |
| 5.88%, 06/04/31<sup>(b)</sup> | &nbsp;&nbsp; 235 | 234326 |
| 6.38%, 04/29/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 775 | 796310 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Entertainment (continued)** | **Entertainment (continued)** | **Entertainment (continued)** |
| Genm Capital Labuan Ltd., 3.88%, <br> 04/19/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; $1880 | $1740500 |
| WMG Acquisition Corp. |  |  |
| 3.00%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 775 | 727693 |
| 3.75%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp; 520 | 500256 |
| 3.88%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 875 | 839860 |
|  |  | 4838945 |
| **Environmental Control — 0.4%** | **Environmental Control — 0.4%** | **Environmental Control — 0.4%** |
| GFL Environmental, Inc., 3.50%, 09/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 175 | 171114 |
| Nature Conservancy (The), Series A, 3.96%, <br> 03/01/52<br>| &nbsp;&nbsp; 445 | 363577 |
| Republic Services, Inc. |  |  |
| 1.45%, 02/15/31 | &nbsp;&nbsp; 1950 | 1721316 |
| 1.75%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1279 | 1117747 |
| 2.30%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1301 | 1220099 |
| 2.38%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1225 | 1084953 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 403 | 277180 |
| 3.38%, 11/15/27 | &nbsp;&nbsp; 1243 | 1235266 |
| 3.95%, 05/15/28 | &nbsp;&nbsp; 2108 | 2114101 |
| 4.75%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1515 | 1557382 |
| 4.88%, 04/01/29 | &nbsp;&nbsp; 1710 | 1758071 |
| 5.00%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 905 | 938302 |
| 5.00%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp; 965 | 1005940 |
| 5.00%, 04/01/34 | &nbsp;&nbsp; 1620 | 1680280 |
| 5.15%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1120 | 1170040 |
| 5.20%, 11/15/34<sup>(a)</sup> | &nbsp;&nbsp; 825 | 863610 |
| 5.70%, 05/15/41<sup>(a)</sup> | &nbsp;&nbsp; 545 | 585144 |
| 6.20%, 03/01/40<sup>(a)</sup> | &nbsp;&nbsp; 782 | 882897 |
| Veralto Corp. |  |  |
| 5.35%, 09/18/28 | &nbsp;&nbsp; 1330 | 1373507 |
| 5.45%, 09/18/33 | &nbsp;&nbsp; 1035 | 1090672 |
| Waste Connections, Inc. |  |  |
| 2.20%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1150 | 1031121 |
| 2.60%, 02/01/30 | &nbsp;&nbsp; 1117 | 1063755 |
| 2.95%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1485 | 983175 |
| 3.05%, 04/01/50 | &nbsp;&nbsp; 895 | 618187 |
| 3.20%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1039 | 981602 |
| 3.50%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1558 | 1547180 |
| 4.20%, 01/15/33 | &nbsp;&nbsp; 1782 | 1764023 |
| 4.25%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1111 | 1121417 |
| 5.00%, 03/01/34 | &nbsp;&nbsp; 1205 | 1244361 |
| 5.25%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 765 | 800771 |
| Waste Management, Inc. |  |  |
| 1.15%, 03/15/28 | &nbsp;&nbsp; 995 | 945472 |
| 1.50%, 03/15/31 | &nbsp;&nbsp; 2322 | 2056068 |
| 2.00%, 06/01/29 | &nbsp;&nbsp; 985 | 930108 |
| 2.50%, 11/15/50 | &nbsp;&nbsp; 920 | 568946 |
| 2.95%, 06/01/41 | &nbsp;&nbsp; 945 | 734595 |
| 3.15%, 11/15/27 | &nbsp;&nbsp; 368 | 365043 |
| 3.88%, 01/15/29 | &nbsp;&nbsp; 1370 | 1372369 |
| 3.90%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 823 | 785812 |
| 4.10%, 03/01/45<sup>(a)</sup> | &nbsp;&nbsp; 695 | 602914 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 1765 | 1768719 |
| 4.15%, 07/15/49 | &nbsp;&nbsp; 1081 | 923734 |
| 4.50%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1415 | 1436249 |
| 4.63%, 02/15/30 | &nbsp;&nbsp; 2390 | 2446938 |
| 4.63%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 875 | 896405 |
| 4.65%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 875 | 898132 |
| 4.80%, 03/15/32 | &nbsp;&nbsp; 1170 | 1211117 |
| 4.88%, 02/15/29 | &nbsp;&nbsp; 2635 | 2712305 |
| 4.88%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1795 | 1858951 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| 4.95%, 07/03/27 | &nbsp;&nbsp; $1090 | $1106728 |
| 4.95%, 07/03/31 | &nbsp;&nbsp; 1930 | 2013666 |
| 4.95%, 03/15/35 | &nbsp;&nbsp; 2370 | 2437780 |
| 5.35%, 10/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1875 | 1856311 |
| 7.00%, 07/15/28 | &nbsp;&nbsp; 1165 | 1245259 |
|  |  | 64540411 |
| **Food — 1.9%** | **Food — 1.9%** | **Food — 1.9%** |
| Ahold Finance USA LLC, 6.88%, 05/01/29 | &nbsp;&nbsp; 1265 | 1372692 |
| Bimbo Bakeries USA, Inc. |  |  |
| 4.00%, 05/17/51<sup>(b)</sup> | &nbsp;&nbsp; 1137 | 913997 |
| 5.38%, 01/09/36<sup>(b)</sup> | &nbsp;&nbsp; 1480 | 1529016 |
| 6.05%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1295 | 1357621 |
| 6.40%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 1170 | 1289747 |
| Campbell's Co. (The), 4.55%, 03/21/31 | &nbsp;&nbsp; 1805 | 1808107 |
| Campbell's Company/The |  |  |
| 2.38%, 04/24/30 | &nbsp;&nbsp; 1080 | 1000165 |
| 3.13%, 04/24/50 | &nbsp;&nbsp; 963 | 635128 |
| 4.15%, 03/15/28 | &nbsp;&nbsp; 2520 | 2526902 |
| 4.75%, 03/23/35<sup>(a)</sup> | &nbsp;&nbsp; 1275 | 1237991 |
| 4.80%, 03/15/48 | &nbsp;&nbsp; 1415 | 1223102 |
| 5.20%, 03/19/27<sup>(a)</sup> | &nbsp;&nbsp; 840 | 850918 |
| 5.20%, 03/21/29 | &nbsp;&nbsp; 2110 | 2170840 |
| 5.25%, 10/13/54<sup>(a)</sup> | &nbsp;&nbsp; 905 | 821798 |
| 5.40%, 03/21/34<sup>(a)</sup> | &nbsp;&nbsp; 1555 | 1589153 |
| Cencosud SA |  |  |
| 4.38%, 07/17/27<sup>(b)</sup> | &nbsp;&nbsp; 1145 | 1146458 |
| 5.95%, 05/28/31<sup>(b)</sup> | &nbsp;&nbsp; 235 | 246710 |
| 6.63%, 02/12/45<sup>(b)</sup> | &nbsp;&nbsp; 380 | 404225 |
| CK Hutchison International 20 Ltd., 2.50%, <br> 05/08/30<sup>(b)</sup><br>| &nbsp;&nbsp; 1570 | 1479421 |
| CK Hutchison International 21 Ltd., 2.50%, <br> 04/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1650 | 1529661 |
| Conagra Brands, Inc. |  |  |
| 1.38%, 11/01/27 | &nbsp;&nbsp; 625 | 598086 |
| 4.85%, 11/01/28 | &nbsp;&nbsp; 2538 | 2573911 |
| 5.00%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 985 | 1005266 |
| 5.30%, 11/01/38 | &nbsp;&nbsp; 1164 | 1121347 |
| 5.40%, 11/01/48<sup>(a)</sup> | &nbsp;&nbsp; 1990 | 1784383 |
| 5.75%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1135 | 1170393 |
| 7.00%, 10/01/28 | &nbsp;&nbsp; 1475 | 1577511 |
| 8.25%, 09/15/30 | &nbsp;&nbsp; 1252 | 1440015 |
| Flowers Foods, Inc. |  |  |
| 2.40%, 03/15/31 | &nbsp;&nbsp; 1558 | 1370884 |
| 5.75%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 415 | 411150 |
| 6.20%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 750 | 655983 |
| General Mills, Inc. |  |  |
| 2.25%, 10/14/31 | &nbsp;&nbsp; 800 | 717968 |
| 2.88%, 04/15/30 | &nbsp;&nbsp; 1703 | 1619175 |
| 3.00%, 02/01/51<sup>(a)</sup> | &nbsp;&nbsp; 1215 | 797557 |
| 4.15%, 02/15/43 | &nbsp;&nbsp; 670 | 567166 |
| 4.20%, 04/17/28 | &nbsp;&nbsp; 3800 | 3813411 |
| 4.55%, 04/17/38<sup>(a)</sup> | &nbsp;&nbsp; 846 | 800811 |
| 4.70%, 04/17/48<sup>(a)</sup> | &nbsp;&nbsp; 885 | 787048 |
| 4.88%, 01/30/30 | &nbsp;&nbsp; 2135 | 2190308 |
| 4.95%, 03/29/33<sup>(a)</sup> | &nbsp;&nbsp; 650 | 664655 |
| 5.25%, 01/30/35<sup>(a)</sup> | &nbsp;&nbsp; 1365 | 1400495 |
| 5.40%, 06/15/40 | &nbsp;&nbsp; 850 | 866089 |
| 5.50%, 10/17/28<sup>(a)</sup> | &nbsp;&nbsp; 1155 | 1198177 |
| Gruma SAB de CV |  |  |
| 5.39%, 12/09/34<sup>(b)</sup> | &nbsp;&nbsp; 450 | 460575 |
| 5.76%, 12/09/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 405 | 406620 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| Grupo Bimbo SAB de CV |  |  |
| 4.00%, 09/06/49<sup>(a)(b)</sup> | &nbsp;&nbsp; $1155 | $943629 |
| 4.70%, 11/10/47<sup>(b)</sup> | &nbsp;&nbsp; 1008 | 910499 |
| 4.88%, 06/27/44<sup>(b)</sup> | &nbsp;&nbsp; 590 | 556582 |
| Hershey Co.(The) |  |  |
| 1.70%, 06/01/30 | &nbsp;&nbsp; 955 | 872700 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 715 | 679887 |
| 2.65%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 342 | 217919 |
| 3.13%, 11/15/49 | &nbsp;&nbsp; 879 | 626186 |
| 3.38%, 08/15/46 | &nbsp;&nbsp; 410 | 311707 |
| 4.25%, 05/04/28 | &nbsp;&nbsp; 890 | 899045 |
| 4.50%, 05/04/33<sup>(a)</sup> | &nbsp;&nbsp; 820 | 834405 |
| 4.55%, 02/24/28 | &nbsp;&nbsp; 1095 | 1112953 |
| 4.75%, 02/24/30<sup>(a)</sup> | &nbsp;&nbsp; 1075 | 1110221 |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 905 | 945346 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 945 | 990501 |
| Hormel Foods Corp. |  |  |
| 1.70%, 06/03/28 | &nbsp;&nbsp; 1745 | 1666938 |
| 1.80%, 06/11/30 | &nbsp;&nbsp; 2591 | 2364268 |
| 3.05%, 06/03/51 | &nbsp;&nbsp; 680 | 455338 |
| 4.80%, 03/30/27 | &nbsp;&nbsp; 730 | 737598 |
| Ingredion, Inc. |  |  |
| 2.90%, 06/01/30 | &nbsp;&nbsp; 1235 | 1179401 |
| 3.90%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 629 | 491900 |
| 6.63%, 04/15/37<sup>(a)</sup> | &nbsp;&nbsp; 449 | 509019 |
| J M Smucker Co.(The) |  |  |
| 2.13%, 03/15/32 | &nbsp;&nbsp; 650 | 570521 |
| 2.38%, 03/15/30 | &nbsp;&nbsp; 1159 | 1084981 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 1152 | 1142213 |
| 4.25%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1430 | 1371881 |
| 4.38%, 03/15/45<sup>(a)</sup> | &nbsp;&nbsp; 1175 | 1017070 |
| 5.90%, 11/15/28 | &nbsp;&nbsp; 1890 | 1981611 |
| 6.20%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1615 | 1772190 |
| 6.50%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 1120 | 1222449 |
| 6.50%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 2040 | 2242125 |
| JBS NV/JBS USA Foods Group Holdings, <br> Inc./JBS USA Food Co. Holdings<br>|  |  |
| 5.50%, 01/15/36 | &nbsp;&nbsp; 2270 | 2329450 |
| 5.95%, 04/20/35 | &nbsp;&nbsp; 2280 | 2417419 |
| 6.25%, 03/01/56 | &nbsp;&nbsp; 2140 | 2185190 |
| 6.38%, 02/25/55 | &nbsp;&nbsp; 1395 | 1441285 |
| 6.38%, 04/15/66<sup>(a)</sup> | &nbsp;&nbsp; 1630 | 1659112 |
| JBS USA Holding Lux Sarl/JBS USA Foods <br> Group Holdings, Inc./JBS USA Food Co.<br>|  |  |
| 3.00%, 02/02/29<sup>(a)</sup> | &nbsp;&nbsp; 1090 | 1058821 |
| 3.00%, 05/15/32 | &nbsp;&nbsp; 2357 | 2146177 |
| 3.63%, 01/15/32 | &nbsp;&nbsp; 1090 | 1031574 |
| 3.75%, 12/01/31 | &nbsp;&nbsp; 1190 | 1134972 |
| 4.38%, 02/02/52 | &nbsp;&nbsp; 2235 | 1766994 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 2468 | 2595388 |
| 6.50%, 12/01/52 | &nbsp;&nbsp; 2070 | 2187265 |
| 6.75%, 03/15/34 | &nbsp;&nbsp; 2725 | 3038007 |
| 7.25%, 11/15/53 | &nbsp;&nbsp; 2125 | 2429708 |
| Kellanova |  |  |
| 2.10%, 06/01/30 | &nbsp;&nbsp; 1343 | 1244482 |
| 3.40%, 11/15/27 | &nbsp;&nbsp; 1089 | 1082990 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 1550 | 1565561 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 1138 | 1022859 |
| 5.25%, 03/01/33 | &nbsp;&nbsp; 455 | 478951 |
| 5.75%, 05/16/54 | &nbsp;&nbsp; 585 | 597864 |
| Series B, 7.45%, 04/01/31 | &nbsp;&nbsp; 1160 | 1336482 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| Koninklijke Ahold Delhaize NV, 5.70%, <br> 10/01/40<br>| &nbsp;&nbsp; $715 | $756161 |
| Kraft Heinz Foods Co. |  |  |
| 3.75%, 04/01/30 | &nbsp;&nbsp; 1595 | 1570591 |
| 3.88%, 05/15/27 | &nbsp;&nbsp; 2280 | 2275903 |
| 4.25%, 03/01/31 | &nbsp;&nbsp; 880 | 879319 |
| 4.38%, 06/01/46 | &nbsp;&nbsp; 5115 | 4198388 |
| 4.63%, 01/30/29 | &nbsp;&nbsp; 975 | 990752 |
| 4.63%, 10/01/39<sup>(a)</sup> | &nbsp;&nbsp; 860 | 787756 |
| 4.88%, 10/01/49 | &nbsp;&nbsp; 2755 | 2374886 |
| 5.00%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 340 | 341256 |
| 5.00%, 06/04/42 | &nbsp;&nbsp; 2510 | 2301695 |
| 5.20%, 03/15/32 | &nbsp;&nbsp; 1310 | 1357958 |
| 5.20%, 07/15/45 | &nbsp;&nbsp; 2950 | 2701441 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 1275 | 1317284 |
| 5.50%, 06/01/50 | &nbsp;&nbsp; 1770 | 1663315 |
| 6.50%, 02/09/40<sup>(a)</sup> | &nbsp;&nbsp; 1645 | 1787334 |
| 6.75%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 730 | 813019 |
| 6.88%, 01/26/39 | &nbsp;&nbsp; 415 | 468032 |
| 7.13%, 08/01/39<sup>(b)</sup> | &nbsp;&nbsp; 1510 | 1720192 |
| Kroger Co.(The) |  |  |
| 1.70%, 01/15/31 | &nbsp;&nbsp; 1185 | 1055217 |
| 2.20%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 410 | 381744 |
| 3.70%, 08/01/27 | &nbsp;&nbsp; 1282 | 1279937 |
| 3.88%, 10/15/46 | &nbsp;&nbsp; 1130 | 893608 |
| 3.95%, 01/15/50 | &nbsp;&nbsp; 1577 | 1221923 |
| 4.45%, 02/01/47 | &nbsp;&nbsp; 1795 | 1536684 |
| 4.50%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1454 | 1478862 |
| 4.65%, 01/15/48<sup>(a)</sup> | &nbsp;&nbsp; 1130 | 988755 |
| 5.00%, 09/15/34 | &nbsp;&nbsp; 3965 | 4031527 |
| 5.00%, 04/15/42 | &nbsp;&nbsp; 762 | 725987 |
| 5.15%, 08/01/43<sup>(a)</sup> | &nbsp;&nbsp; 911 | 881126 |
| 5.40%, 07/15/40<sup>(a)</sup> | &nbsp;&nbsp; 573 | 582192 |
| 5.40%, 01/15/49 | &nbsp;&nbsp; 1261 | 1221012 |
| 5.50%, 09/15/54 | &nbsp;&nbsp; 3085 | 2982280 |
| 5.65%, 09/15/64 | &nbsp;&nbsp; 2465 | 2382615 |
| 6.90%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 1207 | 1407948 |
| 7.50%, 04/01/31 | &nbsp;&nbsp; 875 | 1005140 |
| 8.00%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 594 | 668006 |
| Series B, 7.70%, 06/01/29 | &nbsp;&nbsp; 990 | 1096520 |
| Mars, Inc. |  |  |
| 1.63%, 07/16/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1410 | 1211603 |
| 2.38%, 07/16/40<sup>(b)</sup> | &nbsp;&nbsp; 1516 | 1109927 |
| 2.45%, 07/16/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 735 | 442595 |
| 3.20%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1565 | 1519907 |
| 3.60%, 04/01/34<sup>(b)</sup> | &nbsp;&nbsp; 1176 | 1101475 |
| 3.88%, 04/01/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 1565 | 1405852 |
| 3.95%, 04/01/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 640 | 538696 |
| 3.95%, 04/01/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 1452 | 1175591 |
| 4.13%, 04/01/54<sup>(b)</sup> | &nbsp;&nbsp; 1018 | 822072 |
| 4.20%, 04/01/59<sup>(a)(b)</sup> | &nbsp;&nbsp; 766 | 621415 |
| 4.55%, 04/20/28<sup>(b)</sup> | &nbsp;&nbsp; 1840 | 1865245 |
| 4.60%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp; 5560 | 5640653 |
| 4.65%, 04/20/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1075 | 1106033 |
| 4.75%, 04/20/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1835 | 1869028 |
| 4.80%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp; 6735 | 6923544 |
| 5.00%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 3175 | 3288869 |
| 5.20%, 03/01/35<sup>(b)</sup> | &nbsp;&nbsp; 8815 | 9127602 |
| 5.65%, 05/01/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 4830 | 4942945 |
| 5.70%, 05/01/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 8790 | 8913531 |
| 5.80%, 05/01/65<sup>(b)</sup> | &nbsp;&nbsp; 2730 | 2796102 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| McCormick & Co., Inc./MD |  |  |
| 1.85%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; $1232 | $1101261 |
| 2.50%, 04/15/30 | &nbsp;&nbsp; 1042 | 978114 |
| 3.40%, 08/15/27 | &nbsp;&nbsp; 1541 | 1533681 |
| 4.15%, 02/15/29 | &nbsp;&nbsp; 525 | 528517 |
| 4.20%, 08/15/47 | &nbsp;&nbsp; 715 | 593084 |
| 4.70%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1090 | 1089798 |
| 4.95%, 04/15/33 | &nbsp;&nbsp; 825 | 846592 |
| Mondelez International, Inc. |  |  |
| 1.50%, 02/04/31 | &nbsp;&nbsp; 1350 | 1189619 |
| 1.88%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 912 | 793661 |
| 2.63%, 03/17/27 | &nbsp;&nbsp; 1110 | 1096595 |
| 2.63%, 09/04/50<sup>(a)</sup> | &nbsp;&nbsp; 2362 | 1443044 |
| 2.75%, 04/13/30 | &nbsp;&nbsp; 1582 | 1500597 |
| 3.00%, 03/17/32 | &nbsp;&nbsp; 1110 | 1030595 |
| 4.13%, 05/07/28 | &nbsp;&nbsp; 870 | 873277 |
| 4.25%, 05/06/28 | &nbsp;&nbsp; 830 | 836283 |
| 4.50%, 05/06/30 | &nbsp;&nbsp; 440 | 446583 |
| 4.75%, 02/20/29 | &nbsp;&nbsp; 1110 | 1136637 |
| 4.75%, 08/28/34<sup>(a)</sup> | &nbsp;&nbsp; 835 | 839897 |
| 5.13%, 05/06/35 | &nbsp;&nbsp; 605 | 625599 |
| 6.50%, 11/01/31 | &nbsp;&nbsp; 355 | 395475 |
| Nestle Capital Corp. |  |  |
| 4.65%, 03/12/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1485 | 1523298 |
| 4.75%, 03/12/31<sup>(b)</sup> | &nbsp;&nbsp; 500 | 518924 |
| 4.88%, 03/12/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1615 | 1676379 |
| 5.10%, 03/12/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 695 | 676556 |
| Nestle Holdings, Inc. |  |  |
| 1.00%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 2135 | 2052399 |
| 1.25%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1885 | 1684166 |
| 1.50%, 09/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1890 | 1793236 |
| 1.88%, 09/14/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1668 | 1499712 |
| 2.50%, 09/14/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 1027 | 754733 |
| 2.63%, 09/14/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 1105 | 702428 |
| 3.63%, 09/24/28<sup>(b)</sup> | &nbsp;&nbsp; 1274 | 1272838 |
| 3.90%, 09/24/38<sup>(b)</sup> | &nbsp;&nbsp; 2144 | 1971551 |
| 4.00%, 09/24/48<sup>(b)</sup> | &nbsp;&nbsp; 3519 | 2945374 |
| 4.13%, 10/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 595 | 599483 |
| 4.25%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1245 | 1263894 |
| 4.30%, 10/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3055 | 3099781 |
| 4.70%, 01/15/53<sup>(a)(b)</sup> | &nbsp;&nbsp; 1805 | 1659838 |
| 4.85%, 03/14/33<sup>(b)</sup> | &nbsp;&nbsp; 1850 | 1919406 |
| 4.95%, 03/14/30<sup>(b)</sup> | &nbsp;&nbsp; 1105 | 1147730 |
| 5.00%, 03/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1095 | 1122743 |
| 5.00%, 09/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1785 | 1838347 |
| 5.00%, 09/12/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1095 | 1151250 |
| 5.00%, 09/12/33<sup>(b)</sup> | &nbsp;&nbsp; 540 | 569296 |
| Sigma Finance Netherlands BV, 4.88%, <br> 03/27/28<sup>(b)</sup><br>| &nbsp;&nbsp; 275 | 277735 |
| Sigma Foods SAB de CV, 6.88%, 03/25/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 1145 | 1265911 |
| Smithfield Foods, Inc. |  |  |
| 2.63%, 09/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1202 | 1078780 |
| 3.00%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 910 | 847907 |
| 5.20%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 1221 | 1247757 |
| Sysco Corp. |  |  |
| 2.40%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1005 | 945249 |
| 2.45%, 12/14/31 | &nbsp;&nbsp; 965 | 876393 |
| 3.15%, 12/14/51 | &nbsp;&nbsp; 1445 | 976855 |
| 3.25%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1516 | 1504146 |
| 3.30%, 02/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1070 | 760334 |
| 4.40%, 07/25/31 | &nbsp;&nbsp; 675 | 677481 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 4.45%, 03/15/48 | &nbsp;&nbsp; $915 | $784204 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 1027 | 890972 |
| 4.85%, 10/01/45 | &nbsp;&nbsp; 915 | 834242 |
| 4.95%, 03/25/36 | &nbsp;&nbsp; 770 | 771469 |
| 5.10%, 09/23/30 | &nbsp;&nbsp; 1420 | 1474100 |
| 5.38%, 09/21/35 | &nbsp;&nbsp; 1145 | 1194390 |
| 5.40%, 03/23/35 | &nbsp;&nbsp; 1115 | 1164674 |
| 5.75%, 01/17/29 | &nbsp;&nbsp; 860 | 902084 |
| 5.95%, 04/01/30 | &nbsp;&nbsp; 2102 | 2237518 |
| 6.00%, 01/17/34 | &nbsp;&nbsp; 1115 | 1214457 |
| 6.60%, 04/01/40 | &nbsp;&nbsp; 775 | 877478 |
| 6.60%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 2056 | 2301916 |
| Tesco PLC, 6.15%, 11/15/37<sup>(a)(b)</sup> | &nbsp;&nbsp; 755 | 800289 |
| Tyson Foods, Inc. |  |  |
| 3.55%, 06/02/27 | &nbsp;&nbsp; 2237 | 2226587 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 2636 | 2660948 |
| 4.55%, 06/02/47 | &nbsp;&nbsp; 1416 | 1243038 |
| 4.88%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1031 | 1044191 |
| 4.95%, 02/20/36 | &nbsp;&nbsp; 675 | 679318 |
| 5.10%, 09/28/48<sup>(a)</sup> | &nbsp;&nbsp; 2655 | 2497845 |
| 5.15%, 08/15/44 | &nbsp;&nbsp; 849 | 815646 |
| 5.40%, 03/15/29 | &nbsp;&nbsp; 1795 | 1861984 |
| 5.70%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1725 | 1835515 |
|  |  | 324347004 |
| **Food Service — 0.0%** | **Food Service — 0.0%** | **Food Service — 0.0%** |
| Sodexo, Inc. |  |  |
| 2.72%, 04/16/31<sup>(b)</sup> | &nbsp;&nbsp; 1473 | 1357678 |
| 5.15%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp; 925 | 956150 |
| 5.80%, 08/15/35<sup>(b)</sup> | &nbsp;&nbsp; 295 | 310516 |
|  |  | 2624344 |
| **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** |
| Celulosa Arauco y Constitucion SA |  |  |
| 3.88%, 11/02/27 | &nbsp;&nbsp; 1065 | 1055478 |
| 4.20%, 01/29/30<sup>(b)</sup> | &nbsp;&nbsp; 820 | 781998 |
| 4.25%, 04/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1182 | 1144593 |
| 5.15%, 01/29/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1130 | 968579 |
| 5.50%, 11/02/47<sup>(a)</sup> | &nbsp;&nbsp; 801 | 723449 |
| 5.50%, 04/30/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 855 | 771616 |
| 6.18%, 05/05/32<sup>(b)</sup> | &nbsp;&nbsp; 135 | 138039 |
| Georgia-Pacific LLC |  |  |
| 2.10%, 04/30/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 789 | 773432 |
| 2.30%, 04/30/30<sup>(b)</sup> | &nbsp;&nbsp; 1154 | 1076963 |
| 4.40%, 06/30/28<sup>(b)</sup> | &nbsp;&nbsp; 960 | 971674 |
| 4.95%, 06/30/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1085 | 1127448 |
| 7.25%, 06/01/28 | &nbsp;&nbsp; 1198 | 1283530 |
| 7.75%, 11/15/29 | &nbsp;&nbsp; 1310 | 1479302 |
| 8.88%, 05/15/31 | &nbsp;&nbsp; 697 | 849591 |
| International Paper Co. |  |  |
| 4.35%, 08/15/48<sup>(a)</sup> | &nbsp;&nbsp; 1270 | 1037941 |
| 4.40%, 08/15/47<sup>(a)</sup> | &nbsp;&nbsp; 1307 | 1087550 |
| 4.80%, 06/15/44<sup>(a)</sup> | &nbsp;&nbsp; 1590 | 1418625 |
| 5.00%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1125 | 1130436 |
| 5.15%, 05/15/46 | &nbsp;&nbsp; 855 | 789333 |
| 6.00%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 1111 | 1155830 |
| 7.30%, 11/15/39 | &nbsp;&nbsp; 870 | 1018401 |
| Inversiones CMPC SA |  |  |
| 3.00%, 04/06/31<sup>(b)</sup> | &nbsp;&nbsp; 1072 | 955455 |
| 3.85%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp; 1185 | 1128439 |
| 4.38%, 04/04/27<sup>(b)</sup> | &nbsp;&nbsp; 360 | 359984 |
| 6.13%, 06/23/33<sup>(b)</sup> | &nbsp;&nbsp; 1120 | 1141065 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Forest Products & Paper (continued)** | **Forest Products & Paper (continued)** | **Forest Products & Paper (continued)** |
| 6.13%, 02/26/34<sup>(a)(b)</sup> | &nbsp;&nbsp; $520 | $531557 |
| Suzano Austria GmbH |  |  |
| 2.50%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1090 | 1043208 |
| 3.13%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1590 | 1439700 |
| 3.75%, 01/15/31 | &nbsp;&nbsp; 2425 | 2306870 |
| 5.00%, 01/15/30 | &nbsp;&nbsp; 2164 | 2181591 |
| 6.00%, 01/15/29 | &nbsp;&nbsp; 3257 | 3374402 |
| 7.00%, 03/16/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 2702 | 3028910 |
| Suzano Netherlands BV, 5.50%, 01/15/36 | &nbsp;&nbsp; 1065 | 1076182 |
| UPM-Kymmene OYJ, 7.45%, 11/26/27<sup>(b)</sup> | &nbsp;&nbsp; 135 | 142547 |
|  |  | 39493718 |
| **Gas — 0.7%** | **Gas — 0.7%** | **Gas — 0.7%** |
| APA Infrastructure Ltd. |  |  |
| 5.00%, 03/23/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 440 | 444962 |
| 5.13%, 09/16/34<sup>(b)</sup> | &nbsp;&nbsp; 1515 | 1543626 |
| 5.75%, 09/16/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 390 | 402121 |
| Atmos Energy Corp. |  |  |
| 1.50%, 01/15/31 | &nbsp;&nbsp; 1120 | 997559 |
| 2.63%, 09/15/29 | &nbsp;&nbsp; 805 | 773137 |
| 2.85%, 02/15/52<sup>(a)</sup> | &nbsp;&nbsp; 750 | 483237 |
| 3.00%, 06/15/27 | &nbsp;&nbsp; 940 | 932244 |
| 3.38%, 09/15/49 | &nbsp;&nbsp; 987 | 708361 |
| 4.13%, 10/15/44<sup>(a)</sup> | &nbsp;&nbsp; 1584 | 1361756 |
| 4.13%, 03/15/49 | &nbsp;&nbsp; 943 | 777058 |
| 4.15%, 01/15/43 | &nbsp;&nbsp; 910 | 796379 |
| 4.30%, 10/01/48<sup>(a)</sup> | &nbsp;&nbsp; 1087 | 919696 |
| 5.00%, 12/15/54<sup>(a)</sup> | &nbsp;&nbsp; 900 | 832150 |
| 5.20%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 925 | 965886 |
| 5.45%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 370 | 394892 |
| 5.45%, 01/15/56<sup>(a)</sup> | &nbsp;&nbsp; 1290 | 1271600 |
| 5.50%, 06/15/41 | &nbsp;&nbsp; 704 | 728286 |
| 5.75%, 10/15/52<sup>(a)</sup> | &nbsp;&nbsp; 885 | 908540 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 1055 | 1153296 |
| 6.20%, 11/15/53 | &nbsp;&nbsp; 885 | 972597 |
| Boston Gas Co. |  |  |
| 3.00%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp; 1022 | 986745 |
| 3.15%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp; 689 | 681099 |
| 3.76%, 03/16/32<sup>(b)</sup> | &nbsp;&nbsp; 670 | 643017 |
| 4.49%, 02/15/42<sup>(b)</sup> | &nbsp;&nbsp; 935 | 819849 |
| 5.84%, 01/10/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 125 | 134033 |
| 6.12%, 07/20/53<sup>(b)</sup> | &nbsp;&nbsp; 750 | 767283 |
| Brooklyn Union Gas Co.(The) |  |  |
| 3.87%, 03/04/29<sup>(b)</sup> | &nbsp;&nbsp; 1400 | 1391281 |
| 4.27%, 03/15/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 1206 | 985879 |
| 4.49%, 03/04/49<sup>(b)</sup> | &nbsp;&nbsp; 767 | 635746 |
| 4.50%, 03/10/46<sup>(b)</sup> | &nbsp;&nbsp; 1080 | 916920 |
| 4.63%, 08/05/27<sup>(b)</sup> | &nbsp;&nbsp; 740 | 745282 |
| 4.87%, 08/05/32<sup>(b)</sup> | &nbsp;&nbsp; 755 | 761102 |
| 6.39%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 1030 | 1117370 |
| 6.42%, 07/18/54<sup>(b)</sup> | &nbsp;&nbsp; 800 | 847007 |
| CenterPoint Energy Resources Corp. |  |  |
| 1.75%, 10/01/30 | &nbsp;&nbsp; 1243 | 1120936 |
| 4.00%, 04/01/28 | &nbsp;&nbsp; 579 | 580090 |
| 4.40%, 07/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1120 | 1124227 |
| 5.25%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1549 | 1590659 |
| 5.40%, 03/01/33 | &nbsp;&nbsp; 605 | 632958 |
| 5.40%, 07/01/34 | &nbsp;&nbsp; 665 | 694100 |
| 5.85%, 01/15/41<sup>(a)</sup> | &nbsp;&nbsp; 512 | 540212 |
| 6.63%, 11/01/37 | &nbsp;&nbsp; 286 | 322100 |
| Centrica PLC, 5.38%, 10/16/43<sup>(a)(b)</sup> | &nbsp;&nbsp; 750 | 710201 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| East Ohio Gas Co.(The) |  |  |
| 2.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; $1220 | $1114769 |
| 3.00%, 06/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1277 | 839228 |
| ENN Energy Holdings Ltd. |  |  |
| 2.63%, 09/17/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 530 | 496431 |
| 4.63%, 05/17/27<sup>(b)</sup> | &nbsp;&nbsp; 325 | 326868 |
| Grupo Energia Bogota SA ESP |  |  |
| 4.88%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 740 | 730543 |
| 5.75%, 10/22/35<sup>(b)</sup> | &nbsp;&nbsp; 685 | 672841 |
| 7.85%, 11/09/33<sup>(b)</sup> | &nbsp;&nbsp; 755 | 854462 |
| KeySpan Gas East Corp. |  |  |
| 3.59%, 01/18/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 720 | 497308 |
| 5.82%, 04/01/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 875 | 903824 |
| 5.99%, 03/06/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1065 | 1137807 |
| Korea Gas Corp. |  |  |
| 2.88%, 07/16/29<sup>(b)</sup> | &nbsp;&nbsp; 880 | 854093 |
| 6.25%, 01/20/42<sup>(b)</sup> | &nbsp;&nbsp; 1190 | 1345460 |
| Mega Advance Investments Ltd., 6.38%, <br> 05/12/41<sup>(b)</sup><br>| &nbsp;&nbsp; 450 | 512052 |
| National Fuel Gas Co. |  |  |
| 2.95%, 03/01/31 | &nbsp;&nbsp; 970 | 900412 |
| 3.95%, 09/15/27 | &nbsp;&nbsp; 785 | 783687 |
| 4.75%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp; 790 | 801612 |
| 5.50%, 03/15/30 | &nbsp;&nbsp; 935 | 973009 |
| 5.95%, 03/15/35 | &nbsp;&nbsp; 725 | 772382 |
| NiSource, Inc. |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 1247 | 1105471 |
| 2.95%, 09/01/29 | &nbsp;&nbsp; 1258 | 1214771 |
| 3.49%, 05/15/27 | &nbsp;&nbsp; 1486 | 1478067 |
| 3.60%, 05/01/30 | &nbsp;&nbsp; 2108 | 2067799 |
| 3.95%, 03/30/48 | &nbsp;&nbsp; 1389 | 1095802 |
| 4.38%, 05/15/47 | &nbsp;&nbsp; 1750 | 1480023 |
| 4.80%, 02/15/44 | &nbsp;&nbsp; 1436 | 1307498 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 825 | 731636 |
| 5.20%, 07/01/29 | &nbsp;&nbsp; 1265 | 1309925 |
| 5.25%, 03/30/28<sup>(a)</sup> | &nbsp;&nbsp; 2085 | 2137849 |
| 5.25%, 02/15/43 | &nbsp;&nbsp; 1061 | 1030313 |
| 5.35%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1395 | 1456171 |
| 5.35%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1690 | 1744862 |
| 5.40%, 06/30/33 | &nbsp;&nbsp; 1040 | 1090614 |
| 5.65%, 02/01/45 | &nbsp;&nbsp; 1160 | 1169832 |
| 5.75%, 07/15/56, (5-year CMT + 2.04%)<sup>(d)</sup> | &nbsp;&nbsp; 770 | 774762 |
| 5.80%, 02/01/42 | &nbsp;&nbsp; 580 | 591324 |
| 5.85%, 04/01/55 | &nbsp;&nbsp; 3548 | 3578529 |
| 5.95%, 06/15/41 | &nbsp;&nbsp; 944 | 990651 |
| 6.38%, 03/31/55, (5-year CMT + 2.53%)<sup>(d)</sup> | &nbsp;&nbsp; 390 | 407306 |
| 6.95%, 11/30/54, (5-year CMT + 2.45%)<sup>(d)</sup> | &nbsp;&nbsp; 470 | 491070 |
| Northwest Natural Holding Co., 7.00%, <br> 09/15/55, (5-year CMT + 2.70%)<sup>(d)</sup><br>| &nbsp;&nbsp; 275 | 286657 |
| ONE Gas, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 903 | 834645 |
| 4.25%, 09/01/32 | &nbsp;&nbsp; 445 | 445131 |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 676 | 599686 |
| 4.66%, 02/01/44 | &nbsp;&nbsp; 1092 | 991843 |
| 5.10%, 04/01/29 | &nbsp;&nbsp; 1015 | 1049439 |
| Piedmont Natural Gas Co., Inc. |  |  |
| 2.50%, 03/15/31 | &nbsp;&nbsp; 885 | 815736 |
| 3.35%, 06/01/50 | &nbsp;&nbsp; 807 | 562398 |
| 3.50%, 06/01/29 | &nbsp;&nbsp; 1129 | 1113697 |
| 3.64%, 11/01/46<sup>(a)</sup> | &nbsp;&nbsp; 540 | 414445 |
| 4.10%, 09/18/34 | &nbsp;&nbsp; 400 | 383090 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| 4.65%, 08/01/43 | &nbsp;&nbsp; $709 | $640681 |
| 5.05%, 05/15/52 | &nbsp;&nbsp; 685 | 627094 |
| 5.10%, 02/15/35 | &nbsp;&nbsp; 725 | 742705 |
| 5.40%, 06/15/33 | &nbsp;&nbsp; 580 | 609741 |
| Promigas SA ESP/Gases del Pacifico SAC, <br> 3.75%, 10/16/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 495 | 465325 |
| Snam SpA |  |  |
| 5.00%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp; 1040 | 1069961 |
| 5.75%, 05/28/35<sup>(b)</sup> | &nbsp;&nbsp; 1275 | 1347414 |
| 6.50%, 05/28/55<sup>(b)</sup> | &nbsp;&nbsp; 705 | 757466 |
| Southern California Gas Co. |  |  |
| 2.95%, 04/15/27 | &nbsp;&nbsp; 1355 | 1342281 |
| 3.75%, 09/15/42 | &nbsp;&nbsp; 659 | 533498 |
| 4.45%, 03/15/44<sup>(a)</sup> | &nbsp;&nbsp; 492 | 427509 |
| 5.05%, 09/01/34 | &nbsp;&nbsp; 1225 | 1257847 |
| 5.13%, 11/15/40<sup>(a)</sup> | &nbsp;&nbsp; 885 | 874246 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 930 | 967779 |
| 5.45%, 06/15/35 | &nbsp;&nbsp; 970 | 1022929 |
| 5.60%, 04/01/54 | &nbsp;&nbsp; 1030 | 1014510 |
| 5.75%, 06/01/53<sup>(a)</sup> | &nbsp;&nbsp; 1160 | 1165314 |
| 6.00%, 06/15/55 | &nbsp;&nbsp; 780 | 809304 |
| 6.35%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1015 | 1106256 |
| Series KK, 5.75%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 305 | 324734 |
| Series UU, 4.13%, 06/01/48 | &nbsp;&nbsp; 972 | 777092 |
| Series VV, 4.30%, 01/15/49 | &nbsp;&nbsp; 1175 | 968882 |
| Series WW, 3.95%, 02/15/50 | &nbsp;&nbsp; 974 | 746898 |
| Series XX, 2.55%, 02/01/30 | &nbsp;&nbsp; 1320 | 1253079 |
| Southern Co. Gas Capital Corp. |  |  |
| 3.95%, 10/01/46 | &nbsp;&nbsp; 1152 | 917742 |
| 4.40%, 06/01/43 | &nbsp;&nbsp; 980 | 859397 |
| 4.40%, 05/30/47 | &nbsp;&nbsp; 790 | 674059 |
| 4.95%, 09/15/34 | &nbsp;&nbsp; 855 | 867145 |
| 5.15%, 09/15/32 | &nbsp;&nbsp; 1290 | 1338013 |
| 5.75%, 09/15/33 | &nbsp;&nbsp; 965 | 1030373 |
| 5.88%, 03/15/41 | &nbsp;&nbsp; 1140 | 1198570 |
| 6.00%, 10/01/34 | &nbsp;&nbsp; 395 | 425097 |
| Series 2020-A, 1.75%, 01/15/31 | &nbsp;&nbsp; 1044 | 933409 |
| Series 21A, 3.15%, 09/30/51<sup>(a)</sup> | &nbsp;&nbsp; 900 | 597234 |
| Series A, 4.05%, 09/15/28 | &nbsp;&nbsp; 1375 | 1379013 |
| Series B, 5.10%, 09/15/35 | &nbsp;&nbsp; 860 | 875881 |
| Southwest Gas Corp. |  |  |
| 2.20%, 06/15/30 | &nbsp;&nbsp; 939 | 867979 |
| 3.18%, 08/15/51<sup>(a)</sup> | &nbsp;&nbsp; 340 | 229704 |
| 3.70%, 04/01/28 | &nbsp;&nbsp; 678 | 674791 |
| 3.80%, 09/29/46<sup>(a)</sup> | &nbsp;&nbsp; 740 | 580911 |
| 4.05%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1105 | 1081111 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 761 | 610410 |
| 5.45%, 03/23/28 | &nbsp;&nbsp; 495 | 508698 |
| 5.80%, 12/01/27 | &nbsp;&nbsp; 705 | 725579 |
| Spire Missouri, Inc. |  |  |
| 3.30%, 06/01/51 | &nbsp;&nbsp; 580 | 404912 |
| 4.80%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 610 | 623798 |
| Series 2034, 5.15%, 08/15/34 | &nbsp;&nbsp; 595 | 616052 |
| Spire, Inc. |  |  |
| 4.60%, 09/01/31 | &nbsp;&nbsp; 405 | 408264 |
| 4.70%, 08/15/44<sup>(a)</sup> | &nbsp;&nbsp; 435 | 380878 |
| Washington Gas Light Co. |  |  |
| 3.65%, 09/15/49 | &nbsp;&nbsp; 730 | 544024 |
| Series K, 3.80%, 09/15/46<sup>(a)</sup> | &nbsp;&nbsp; 681 | 543575 |
|  |  | 126132473 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Hand & Machine Tools — 0.1%** | **Hand & Machine Tools — 0.1%** | **Hand & Machine Tools — 0.1%** |
| Kennametal, Inc. |  |  |
| 2.80%, 03/01/31 | &nbsp;&nbsp; $494 | $459701 |
| 4.63%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 530 | 536352 |
| Snap-on, Inc. |  |  |
| 3.10%, 05/01/50 | &nbsp;&nbsp; 871 | 600846 |
| 3.25%, 03/01/27<sup>(a)</sup> | &nbsp;&nbsp; 580 | 576924 |
| 4.10%, 03/01/48<sup>(a)</sup> | &nbsp;&nbsp; 703 | 582490 |
| Stanley Black & Decker, Inc. |  |  |
| 2.30%, 03/15/30 | &nbsp;&nbsp; 1981 | 1837061 |
| 2.75%, 11/15/50 | &nbsp;&nbsp; 1730 | 1046436 |
| 3.00%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 615 | 565281 |
| 4.25%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1647 | 1656132 |
| 4.85%, 11/15/48<sup>(a)</sup> | &nbsp;&nbsp; 720 | 639638 |
| 5.20%, 09/01/40 | &nbsp;&nbsp; 852 | 837975 |
| 6.00%, 03/06/28 | &nbsp;&nbsp; 900 | 934147 |
|  |  | 10272983 |
| **Health Care - Products — 1.2%** | **Health Care - Products — 1.2%** | **Health Care - Products — 1.2%** |
| 180 Medical, Inc. |  |  |
| 3.88%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp; 85 | 83253 |
| 5.30%, 10/08/35<sup>(b)</sup> | &nbsp;&nbsp; 600 | 602877 |
| Abbott Laboratories |  |  |
| 1.15%, 01/30/28<sup>(a)</sup> | &nbsp;&nbsp; 1667 | 1593801 |
| 1.40%, 06/30/30 | &nbsp;&nbsp; 1356 | 1224045 |
| 3.70%, 03/09/29 | &nbsp;&nbsp; 4450 | 4449741 |
| 4.00%, 03/15/31 | &nbsp;&nbsp; 5075 | 5070983 |
| 4.30%, 03/15/33 | &nbsp;&nbsp; 5075 | 5069945 |
| 4.65%, 03/15/36 | &nbsp;&nbsp; 5075 | 5076529 |
| 4.75%, 11/30/36 | &nbsp;&nbsp; 2908 | 2936868 |
| 4.75%, 03/15/38 | &nbsp;&nbsp; 5075 | 5059930 |
| 4.75%, 04/15/43 | &nbsp;&nbsp; 923 | 880067 |
| 4.90%, 11/30/46 | &nbsp;&nbsp; 5483 | 5196552 |
| 5.30%, 05/27/40 | &nbsp;&nbsp; 1461 | 1523354 |
| 5.50%, 03/15/56 | &nbsp;&nbsp; 5075 | 5092447 |
| 5.60%, 03/15/66 | &nbsp;&nbsp; 5075 | 5077289 |
| 6.00%, 04/01/39 | &nbsp;&nbsp; 661 | 735211 |
| 6.15%, 11/30/37 | &nbsp;&nbsp; 1135 | 1277024 |
| Agilent Technologies, Inc. |  |  |
| 2.10%, 06/04/30 | &nbsp;&nbsp; 913 | 840710 |
| 2.30%, 03/12/31 | &nbsp;&nbsp; 1672 | 1526870 |
| 2.75%, 09/15/29 | &nbsp;&nbsp; 1459 | 1398234 |
| 4.20%, 09/09/27 | &nbsp;&nbsp; 1120 | 1124976 |
| 4.75%, 09/09/34<sup>(a)</sup> | &nbsp;&nbsp; 1020 | 1030016 |
| Alcon Finance Corp. |  |  |
| 2.60%, 05/27/30<sup>(b)</sup> | &nbsp;&nbsp; 1755 | 1653189 |
| 3.00%, 09/23/29<sup>(b)</sup> | &nbsp;&nbsp; 2298 | 2221817 |
| 3.80%, 09/23/49<sup>(b)</sup> | &nbsp;&nbsp; 800 | 622731 |
| 5.38%, 12/06/32<sup>(b)</sup> | &nbsp;&nbsp; 1298 | 1364663 |
| 5.75%, 12/06/52<sup>(b)</sup> | &nbsp;&nbsp; 1170 | 1196318 |
| Baxter International, Inc. |  |  |
| 1.73%, 04/01/31 | &nbsp;&nbsp; 2096 | 1806648 |
| 2.27%, 12/01/28 | &nbsp;&nbsp; 3160 | 2987824 |
| 2.54%, 02/01/32 | &nbsp;&nbsp; 2220 | 1942052 |
| 3.13%, 12/01/51<sup>(a)</sup> | &nbsp;&nbsp; 1715 | 1068814 |
| 3.50%, 08/15/46<sup>(a)</sup> | &nbsp;&nbsp; 967 | 682158 |
| 3.95%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1806 | 1766807 |
| 4.45%, 02/15/29 | &nbsp;&nbsp; 395 | 396712 |
| 4.50%, 06/15/43<sup>(a)</sup> | &nbsp;&nbsp; 585 | 485143 |
| 4.90%, 12/15/30 | &nbsp;&nbsp; 1155 | 1162323 |
| 5.65%, 12/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1175 | 1194832 |
| 6.25%, 12/01/37 | &nbsp;&nbsp; 526 | 554690 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| Boston Scientific Corp. |  |  |
| 2.65%, 06/01/30 | &nbsp;&nbsp; $3387 | $3204800 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 1160 | 1164783 |
| 4.00%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1015 | 1018722 |
| 4.55%, 03/01/39 | &nbsp;&nbsp; 820 | 799563 |
| 4.70%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 1045 | 963052 |
| 6.25%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 550 | 623798 |
| 7.38%, 01/15/40 | &nbsp;&nbsp; 515 | 632450 |
| Covidien International Finance SA, 6.55%, <br> 10/15/37<sup>(a)</sup><br>| &nbsp;&nbsp; 298 | 341880 |
| Danaher Corp. |  |  |
| 2.60%, 10/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1930 | 1196044 |
| 2.80%, 12/10/51 | &nbsp;&nbsp; 1195 | 766876 |
| 4.38%, 09/15/45<sup>(a)</sup> | &nbsp;&nbsp; 967 | 854762 |
| Dentsply Sirona, Inc., 3.25%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1694 | 1589049 |
| DH Europe Finance II SARL |  |  |
| 2.60%, 11/15/29 | &nbsp;&nbsp; 1740 | 1660276 |
| 3.25%, 11/15/39<sup>(a)</sup> | &nbsp;&nbsp; 1829 | 1515187 |
| 3.40%, 11/15/49 | &nbsp;&nbsp; 1514 | 1102936 |
| Edwards Lifesciences Corp., 4.30%, 06/15/28 | &nbsp;&nbsp; 1359 | 1367720 |
| GE HealthCare Technologies, Inc. |  |  |
| 4.15%, 12/15/28 | &nbsp;&nbsp; 1695 | 1703904 |
| 4.80%, 08/14/29 | &nbsp;&nbsp; 1690 | 1733079 |
| 4.80%, 01/15/31 | &nbsp;&nbsp; 1405 | 1439809 |
| 4.95%, 12/15/35 | &nbsp;&nbsp; 785 | 790707 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 1285 | 1345748 |
| 5.65%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 3639 | 3738952 |
| 5.86%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2235 | 2375161 |
| 5.91%, 11/22/32 | &nbsp;&nbsp; 3190 | 3455748 |
| 6.38%, 11/22/52<sup>(a)</sup> | &nbsp;&nbsp; 2045 | 2246581 |
| Koninklijke Philips NV |  |  |
| 5.00%, 03/15/42 | &nbsp;&nbsp; 821 | 778380 |
| 6.88%, 03/11/38 | &nbsp;&nbsp; 1440 | 1648235 |
| Medline Borrower LP, 3.88%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 180 | 177032 |
| Medline Borrower LP/Medline Co-Issuer, Inc., <br> 6.25%, 04/01/29<sup>(b)</sup><br>| &nbsp;&nbsp; 140 | 144476 |
| Medtronic Global Holdings SCA |  |  |
| 4.25%, 03/30/28 | &nbsp;&nbsp; 2160 | 2181114 |
| 4.50%, 03/30/33<sup>(a)</sup> | &nbsp;&nbsp; 1870 | 1889299 |
| Medtronic, Inc. |  |  |
| 4.00%, 04/01/43<sup>(a)</sup> | &nbsp;&nbsp; 350 | 302342 |
| 4.38%, 03/15/35 | &nbsp;&nbsp; 3175 | 3143511 |
| 4.63%, 03/15/45<sup>(a)</sup> | &nbsp;&nbsp; 3184 | 2954044 |
| Revvity, Inc. |  |  |
| 1.90%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1545 | 1463416 |
| 2.25%, 09/15/31 | &nbsp;&nbsp; 1135 | 1009913 |
| 2.55%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 810 | 741978 |
| 3.30%, 09/15/29 | &nbsp;&nbsp; 1920 | 1862961 |
| 3.63%, 03/15/51 | &nbsp;&nbsp; 960 | 703134 |
| Smith & Nephew PLC |  |  |
| 2.03%, 10/14/30 | &nbsp;&nbsp; 2012 | 1825422 |
| 5.15%, 03/20/27 | &nbsp;&nbsp; 585 | 591773 |
| 5.40%, 03/20/34 | &nbsp;&nbsp; 820 | 853808 |
| Solventum Corp. |  |  |
| 5.40%, 03/01/29 | &nbsp;&nbsp; 1769 | 1834461 |
| 5.45%, 03/13/31<sup>(a)</sup> | &nbsp;&nbsp; 1860 | 1951068 |
| 5.60%, 03/23/34 | &nbsp;&nbsp; 3450 | 3607132 |
| 5.90%, 04/30/54<sup>(a)</sup> | &nbsp;&nbsp; 2475 | 2470245 |
| STERIS Irish FinCo UnLtd Co. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 1602 | 1489458 |
| 3.75%, 03/15/51 | &nbsp;&nbsp; 1239 | 942739 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| Stryker Corp. |  |  |
| 1.95%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; $1863 | $1711391 |
| 2.90%, 06/15/50<sup>(a)</sup> | &nbsp;&nbsp; 920 | 611633 |
| 3.65%, 03/07/28 | &nbsp;&nbsp; 1414 | 1410019 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 1070 | 923699 |
| 4.25%, 09/11/29 | &nbsp;&nbsp; 1495 | 1513280 |
| 4.38%, 05/15/44 | &nbsp;&nbsp; 973 | 858094 |
| 4.63%, 09/11/34 | &nbsp;&nbsp; 1325 | 1329838 |
| 4.63%, 03/15/46<sup>(a)</sup> | &nbsp;&nbsp; 1773 | 1606797 |
| 4.70%, 02/10/28 | &nbsp;&nbsp; 3085 | 3131200 |
| 4.85%, 12/08/28<sup>(a)</sup> | &nbsp;&nbsp; 1430 | 1468969 |
| 4.85%, 02/10/30 | &nbsp;&nbsp; 1190 | 1226895 |
| 5.20%, 02/10/35<sup>(a)</sup> | &nbsp;&nbsp; 1130 | 1173279 |
| Thermo Fisher Scientific, Inc. |  |  |
| 1.75%, 10/15/28 | &nbsp;&nbsp; 1697 | 1612705 |
| 2.00%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2659 | 2392134 |
| 2.60%, 10/01/29 | &nbsp;&nbsp; 1463 | 1401370 |
| 2.80%, 10/15/41<sup>(a)</sup> | &nbsp;&nbsp; 2250 | 1692762 |
| 4.10%, 08/15/47 | &nbsp;&nbsp; 1788 | 1519096 |
| 4.20%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1465 | 1475951 |
| 4.22%, 02/12/31 | &nbsp;&nbsp; 415 | 418406 |
| 4.47%, 10/07/32 | &nbsp;&nbsp; 955 | 965796 |
| 4.55%, 06/15/33 | &nbsp;&nbsp; 1360 | 1375449 |
| 4.79%, 10/07/35 | &nbsp;&nbsp; 1015 | 1024137 |
| 4.80%, 11/21/27<sup>(a)</sup> | &nbsp;&nbsp; 1635 | 1663267 |
| 4.89%, 10/07/37<sup>(a)</sup> | &nbsp;&nbsp; 1555 | 1569439 |
| 4.90%, 02/12/36 | &nbsp;&nbsp; 1275 | 1297107 |
| 4.95%, 11/21/32<sup>(a)</sup> | &nbsp;&nbsp; 1310 | 1361140 |
| 4.98%, 08/10/30 | &nbsp;&nbsp; 1895 | 1971623 |
| 5.00%, 01/31/29 | &nbsp;&nbsp; 935 | 965876 |
| 5.09%, 08/10/33 | &nbsp;&nbsp; 1325 | 1383009 |
| 5.20%, 01/31/34<sup>(a)</sup> | &nbsp;&nbsp; 835 | 877609 |
| 5.30%, 02/01/44 | &nbsp;&nbsp; 669 | 667370 |
| 5.40%, 08/10/43<sup>(a)</sup> | &nbsp;&nbsp; 505 | 516079 |
| 5.55%, 02/12/46<sup>(a)</sup> | &nbsp;&nbsp; 595 | 606638 |
| VSP Optical Group, Inc., 5.45%, 12/01/35<sup>(b)</sup> | &nbsp;&nbsp; 290 | 295002 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 2.60%, 11/24/31 | &nbsp;&nbsp; 1545 | 1413221 |
| 3.55%, 03/20/30<sup>(a)</sup> | &nbsp;&nbsp; 880 | 860065 |
| 4.25%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 732 | 695835 |
| 4.45%, 08/15/45 | &nbsp;&nbsp; 930 | 837277 |
| 5.05%, 02/19/30 | &nbsp;&nbsp; 1225 | 1267540 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 1300 | 1337041 |
| 5.35%, 12/01/28 | &nbsp;&nbsp; 1250 | 1295279 |
| 5.50%, 02/19/35<sup>(a)</sup> | &nbsp;&nbsp; 1190 | 1245385 |
| 5.75%, 11/30/39<sup>(a)</sup> | &nbsp;&nbsp; 637 | 666907 |
|  |  | 203810580 |
| **Health Care - Services — 3.2%** | **Health Care - Services — 3.2%** | **Health Care - Services — 3.2%** |
| AdventHealth Obligated Group, Series E, <br> 2.80%, 11/15/51<br>| &nbsp;&nbsp; 245 | 156984 |
| Adventist Health System/West |  |  |
| 2.95%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 787 | 759253 |
| 3.63%, 03/01/49 | &nbsp;&nbsp; 910 | 637588 |
| 5.43%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 585 | 608104 |
| 5.76%, 12/01/34 | &nbsp;&nbsp; 410 | 431471 |
| Series 2025, 4.74%, 12/01/30 | &nbsp;&nbsp; 360 | 364223 |
| Advocate Health & Hospitals Corp. |  |  |
| 3.39%, 10/15/49 | &nbsp;&nbsp; 232 | 172162 |
| 3.83%, 08/15/28 | &nbsp;&nbsp; 170 | 170163 |
| 4.27%, 08/15/48 | &nbsp;&nbsp; 377 | 325449 |
| Series 2020, 2.21%, 06/15/30 | &nbsp;&nbsp; 65 | 60541 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Series 2020, 3.01%, 06/15/50<sup>(a)</sup> | &nbsp;&nbsp; $625 | $431287 |
| Aetna, Inc. |  |  |
| 3.88%, 08/15/47 | &nbsp;&nbsp; 425 | 322213 |
| 4.50%, 05/15/42 | &nbsp;&nbsp; 1067 | 927176 |
| 4.75%, 03/15/44 | &nbsp;&nbsp; 750 | 660501 |
| 6.63%, 06/15/36 | &nbsp;&nbsp; 1650 | 1840186 |
| 6.75%, 12/15/37 | &nbsp;&nbsp; 1025 | 1142226 |
| AHS Hospital Corp. |  |  |
| 5.02%, 07/01/45<sup>(a)</sup> | &nbsp;&nbsp; 775 | 752119 |
| Series 2021, 2.78%, 07/01/51 | &nbsp;&nbsp; 890 | 570370 |
| Allina Health System |  |  |
| 2.90%, 11/15/51<sup>(a)</sup> | &nbsp;&nbsp; 255 | 168284 |
| 4.81%, 11/15/45 | &nbsp;&nbsp; 830 | 760929 |
| Series 2019, 3.89%, 04/15/49 | &nbsp;&nbsp; 728 | 571759 |
| Ascension Health |  |  |
| 3.95%, 11/15/46 | &nbsp;&nbsp; 1470 | 1227057 |
| 4.85%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 722 | 668218 |
| Series 2025, 4.08%, 11/15/28 | &nbsp;&nbsp; 455 | 458827 |
| Series 2025, 4.29%, 11/15/30 | &nbsp;&nbsp; 845 | 853957 |
| Series 2025, 4.92%, 11/15/35 | &nbsp;&nbsp; 840 | 855852 |
| Series B, 2.53%, 11/15/29 | &nbsp;&nbsp; 1462 | 1393962 |
| Series B, 3.11%, 11/15/39 | &nbsp;&nbsp; 1215 | 991930 |
| Banner Health |  |  |
| 1.90%, 01/01/31<sup>(a)</sup> | &nbsp;&nbsp; 625 | 568023 |
| 2.34%, 01/01/30 | &nbsp;&nbsp; 765 | 721089 |
| 2.91%, 01/01/42 | &nbsp;&nbsp; 505 | 385217 |
| 2.91%, 01/01/51 | &nbsp;&nbsp; 555 | 365579 |
| Series 2020, 3.18%, 01/01/50<sup>(a)</sup> | &nbsp;&nbsp; 624 | 437789 |
| Baptist Health South Florida Obligated Group, <br> Series 2021, 3.12%, 11/15/71<br>| &nbsp;&nbsp; 105 | 63166 |
| Baptist Health South Florida, Inc., Series 2017, <br> 4.34%, 11/15/41<sup>(a)</sup><br>| &nbsp;&nbsp; 605 | 544791 |
| Baptist Healthcare System Obligated Group, <br> Series 20B, 3.54%, 08/15/50<br>| &nbsp;&nbsp; 494 | 368133 |
| BayCare Health System, Inc., Series 2020, <br> 3.83%, 11/15/50<br>| &nbsp;&nbsp; 715 | 567594 |
| Baylor Scott & White Holdings |  |  |
| 3.97%, 11/15/46<sup>(a)</sup> | &nbsp;&nbsp; 565 | 472879 |
| 4.19%, 11/15/45 | &nbsp;&nbsp; 1087 | 949158 |
| Series 2021, 1.78%, 11/15/30 | &nbsp;&nbsp; 629 | 570290 |
| Series 2021, 2.84%, 11/15/50 | &nbsp;&nbsp; 1220 | 802033 |
| Beth Israel Lahey Health, Inc., Series L, 3.08%, <br> 07/01/51<sup>(a)</sup><br>| &nbsp;&nbsp; 525 | 357779 |
| Bon Secours Mercy Health, Inc. |  |  |
| 3.46%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1145 | 1119809 |
| Series 2018, 4.30%, 07/01/28<sup>(a)</sup> | &nbsp;&nbsp; 410 | 413158 |
| Catholic Health Services of Long Island <br> Obligated Group, Series 2020, 3.37%, <br> 07/01/50<br>| &nbsp;&nbsp; 620 | 436714 |
| Cedars-Sinai Health System, Series 2021, <br> 2.29%, 08/15/31<sup>(a)</sup><br>| &nbsp;&nbsp; 545 | 498709 |
| Centene Corp. |  |  |
| 2.45%, 07/15/28 | &nbsp;&nbsp; 3290 | 3100370 |
| 2.50%, 03/01/31 | &nbsp;&nbsp; 3540 | 3072305 |
| 2.63%, 08/01/31 | &nbsp;&nbsp; 2060 | 1784523 |
| 3.00%, 10/15/30 | &nbsp;&nbsp; 3520 | 3170136 |
| 3.38%, 02/15/30 | &nbsp;&nbsp; 3565 | 3305803 |
| 4.25%, 12/15/27 | &nbsp;&nbsp; 3460 | 3439048 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 5105 | 4981287 |
| Children's Health System of Texas, 2.51%, <br> 08/15/50<br>| &nbsp;&nbsp; 475 | 293476 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Children's Hospital Corp.(The) |  |  |
| Series 2017, 4.12%, 01/01/47 | &nbsp;&nbsp; $745 | $640112 |
| Series 2020, 2.59%, 02/01/50<sup>(a)</sup> | &nbsp;&nbsp; 245 | 154880 |
| Children's Hospital Medical Center/Cincinnati <br> OH, 4.27%, 05/15/44<br>| &nbsp;&nbsp; 379 | 340170 |
| Children's Hospital of Philadelphia (The), Series <br> 2020, 2.70%, 07/01/50<br>| &nbsp;&nbsp; 955 | 617967 |
| Children's Hospital/DC, Series 2020, 2.93%, <br> 07/15/50<sup>(a)</sup><br>| &nbsp;&nbsp; 515 | 343655 |
| CHRISTUS Health, Series C, 4.34%, 07/01/28 | &nbsp;&nbsp; 965 | 969987 |
| Cigna Group(The) |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 2955 | 2708409 |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 3030 | 2850463 |
| 3.05%, 10/15/27 | &nbsp;&nbsp; 1288 | 1273972 |
| 3.20%, 03/15/40 | &nbsp;&nbsp; 1404 | 1122101 |
| 3.40%, 03/01/27 | &nbsp;&nbsp; 2060 | 2052337 |
| 3.40%, 03/15/50<sup>(a)</sup> | &nbsp;&nbsp; 2220 | 1573418 |
| 3.40%, 03/15/51 | &nbsp;&nbsp; 2855 | 2010555 |
| 3.88%, 10/15/47 | &nbsp;&nbsp; 1649 | 1283595 |
| 4.38%, 10/15/28 | &nbsp;&nbsp; 6210 | 6274417 |
| 4.50%, 09/15/30 | &nbsp;&nbsp; 1935 | 1961360 |
| 4.80%, 08/15/38<sup>(a)</sup> | &nbsp;&nbsp; 4448 | 4311994 |
| 4.80%, 07/15/46 | &nbsp;&nbsp; 2824 | 2534061 |
| 4.88%, 09/15/32 | &nbsp;&nbsp; 1675 | 1713391 |
| 4.90%, 12/15/48 | &nbsp;&nbsp; 5358 | 4819737 |
| 5.00%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 2040 | 2102122 |
| 5.13%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1970 | 2050346 |
| 5.25%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2275 | 2360068 |
| 5.25%, 01/15/36 | &nbsp;&nbsp; 2275 | 2336631 |
| 5.38%, 02/15/42<sup>(a)</sup> | &nbsp;&nbsp; 620 | 619231 |
| 5.40%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2075 | 2183569 |
| 5.60%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 2605 | 2550489 |
| 6.00%, 01/15/56 | &nbsp;&nbsp; 1565 | 1625261 |
| 6.13%, 11/15/41 | &nbsp;&nbsp; 984 | 1052644 |
| City of Hope |  |  |
| Series 2013, 5.62%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 670 | 678420 |
| Series 2018, 4.38%, 08/15/48 | &nbsp;&nbsp; 710 | 601247 |
| Cleveland Clinic Foundation (The), 4.86%, <br> 01/01/2114<sup>(a)</sup><br>| &nbsp;&nbsp; 615 | 539535 |
| CommonSpirit Health |  |  |
| 2.78%, 10/01/30 | &nbsp;&nbsp; 53 | 49779 |
| 3.35%, 10/01/29 | &nbsp;&nbsp; 788 | 767233 |
| 3.82%, 10/01/49<sup>(a)</sup> | &nbsp;&nbsp; 492 | 381127 |
| 3.91%, 10/01/50 | &nbsp;&nbsp; 630 | 483885 |
| 4.19%, 10/01/49 | &nbsp;&nbsp; 1058 | 860950 |
| 4.35%, 09/01/30 | &nbsp;&nbsp; 470 | 472085 |
| 4.35%, 11/01/42<sup>(a)</sup> | &nbsp;&nbsp; 650 | 580470 |
| 4.98%, 09/01/35 | &nbsp;&nbsp; 505 | 507631 |
| 5.32%, 12/01/34 | &nbsp;&nbsp; 1000 | 1032699 |
| 5.55%, 12/01/54 | &nbsp;&nbsp; 960 | 943243 |
| 5.58%, 09/01/45 | &nbsp;&nbsp; 145 | 145989 |
| 5.66%, 09/01/55 | &nbsp;&nbsp; 165 | 165507 |
| 6.46%, 11/01/52 | &nbsp;&nbsp; 300 | 331930 |
| Community Health Network, Inc., Series 20-A, <br> 3.10%, 05/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 537 | 355938 |
| Corewell Health Obligated Group, Series 19A, <br> 3.49%, 07/15/49<br>| &nbsp;&nbsp; 799 | 600907 |
| Cottage Health Obligated Group, Series 2020, <br> 3.30%, 11/01/49<sup>(a)</sup><br>| &nbsp;&nbsp; 909 | 659863 |
| Dartmouth-Hitchcock Health, Series B, 4.18%, <br> 08/01/48<br>| &nbsp;&nbsp; 747 | 608796 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Dignity Health |  |  |
| 4.50%, 11/01/42<sup>(a)</sup> | &nbsp;&nbsp; $100 | $89439 |
| 5.27%, 11/01/64<sup>(a)</sup> | &nbsp;&nbsp; 340 | 315084 |
| Duke University Health System, Inc., Series <br> 2017, 3.92%, 06/01/47<br>| &nbsp;&nbsp; 1032 | 857405 |
| Elevance Health, Inc. |  |  |
| 2.25%, 05/15/30 | &nbsp;&nbsp; 2661 | 2464284 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 1771 | 1632686 |
| 2.88%, 09/15/29 | &nbsp;&nbsp; 2102 | 2021310 |
| 3.13%, 05/15/50 | &nbsp;&nbsp; 1934 | 1287439 |
| 3.60%, 03/15/51 | &nbsp;&nbsp; 875 | 630050 |
| 3.65%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 2725 | 2714348 |
| 3.70%, 09/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1458 | 1088525 |
| 4.00%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2065 | 2068509 |
| 4.10%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2590 | 2597432 |
| 4.10%, 05/15/32 | &nbsp;&nbsp; 992 | 974145 |
| 4.38%, 12/01/47 | &nbsp;&nbsp; 2360 | 1974454 |
| 4.55%, 03/01/48 | &nbsp;&nbsp; 1860 | 1607575 |
| 4.55%, 05/15/52 | &nbsp;&nbsp; 1502 | 1256738 |
| 4.60%, 09/15/32 | &nbsp;&nbsp; 1475 | 1488617 |
| 4.63%, 05/15/42 | &nbsp;&nbsp; 1632 | 1485094 |
| 4.65%, 01/15/43 | &nbsp;&nbsp; 1740 | 1572617 |
| 4.65%, 08/15/44 | &nbsp;&nbsp; 1700 | 1518962 |
| 4.75%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1515 | 1551090 |
| 4.75%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2010 | 2034157 |
| 4.85%, 08/15/54<sup>(a)</sup> | &nbsp;&nbsp; 540 | 458741 |
| 4.95%, 11/01/31 | &nbsp;&nbsp; 1595 | 1640826 |
| 5.00%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1820 | 1830152 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 986 | 936329 |
| 5.13%, 02/15/53 | &nbsp;&nbsp; 1985 | 1806804 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 1640 | 1696005 |
| 5.20%, 02/15/35 | &nbsp;&nbsp; 1755 | 1804487 |
| 5.38%, 06/15/34 | &nbsp;&nbsp; 2720 | 2831402 |
| 5.50%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1815 | 1915261 |
| 5.65%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 2195 | 2143306 |
| 5.70%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 2525 | 2483319 |
| 5.70%, 09/15/55<sup>(a)</sup> | &nbsp;&nbsp; 750 | 741092 |
| 5.85%, 01/15/36 | &nbsp;&nbsp; 525 | 558623 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 1955 | 1935614 |
| 5.95%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 780 | 842306 |
| 6.10%, 10/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1565 | 1623783 |
| 6.38%, 06/15/37 | &nbsp;&nbsp; 965 | 1068201 |
| Franciscan Missionaries of Our Lady Health <br> System, Inc., Series B, 3.91%, 07/01/49<br>| &nbsp;&nbsp; 187 | 146475 |
| Fred Hutchinson Cancer Center, 4.97%, <br> 01/01/52<br>| &nbsp;&nbsp; 265 | 247595 |
| Fresenius Medical Care U.S. Finance III, Inc. |  |  |
| 2.38%, 02/16/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1096 | 990241 |
| 3.00%, 12/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 755 | 688070 |
| 3.75%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 859 | 847031 |
| Hackensack Meridian Health, Inc. |  |  |
| 4.21%, 07/01/48 | &nbsp;&nbsp; 565 | 485603 |
| 4.50%, 07/01/57<sup>(a)</sup> | &nbsp;&nbsp; 542 | 476538 |
| Series 2020, 2.68%, 09/01/41 | &nbsp;&nbsp; 950 | 707551 |
| Series 2020, 2.88%, 09/01/50<sup>(a)</sup> | &nbsp;&nbsp; 540 | 360207 |
| Hartford HealthCare Corp., 3.45%, 07/01/54<sup>(a)</sup> | &nbsp;&nbsp; 205 | 151111 |
| HCA, Inc. |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 2240 | 2023026 |
| 3.13%, 03/15/27 | &nbsp;&nbsp; 1621 | 1607526 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 1725 | 1694834 |
| 3.50%, 09/01/30 | &nbsp;&nbsp; 5535 | 5362113 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 3.50%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; $3150 | $2174400 |
| 3.63%, 03/15/32 | &nbsp;&nbsp; 3329 | 3172108 |
| 4.13%, 06/15/29 | &nbsp;&nbsp; 3811 | 3814739 |
| 4.30%, 11/15/30 | &nbsp;&nbsp; 895 | 896716 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 1395 | 1211325 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 1930 | 1933140 |
| 4.63%, 03/15/52 | &nbsp;&nbsp; 3945 | 3267428 |
| 4.90%, 11/15/35 | &nbsp;&nbsp; 1290 | 1284626 |
| 5.00%, 03/01/28 | &nbsp;&nbsp; 1235 | 1260577 |
| 5.13%, 06/15/39 | &nbsp;&nbsp; 2686 | 2619660 |
| 5.20%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1698 | 1740521 |
| 5.25%, 03/01/30 | &nbsp;&nbsp; 1935 | 2008284 |
| 5.25%, 06/15/49 | &nbsp;&nbsp; 3748 | 3436081 |
| 5.45%, 04/01/31 | &nbsp;&nbsp; 3340 | 3497618 |
| 5.45%, 09/15/34 | &nbsp;&nbsp; 2758 | 2863665 |
| 5.50%, 03/01/32 | &nbsp;&nbsp; 1325 | 1390028 |
| 5.50%, 06/01/33 | &nbsp;&nbsp; 2880 | 3018539 |
| 5.50%, 06/15/47 | &nbsp;&nbsp; 3091 | 2946860 |
| 5.60%, 04/01/34 | &nbsp;&nbsp; 2805 | 2945491 |
| 5.63%, 09/01/28 | &nbsp;&nbsp; 2853 | 2943056 |
| 5.70%, 11/15/55 | &nbsp;&nbsp; 1795 | 1728168 |
| 5.75%, 03/01/35 | &nbsp;&nbsp; 2555 | 2704653 |
| 5.88%, 02/01/29 | &nbsp;&nbsp; 1935 | 2016816 |
| 5.90%, 06/01/53 | &nbsp;&nbsp; 2235 | 2200848 |
| 5.95%, 09/15/54 | &nbsp;&nbsp; 1940 | 1930892 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 2625 | 2627023 |
| 6.10%, 04/01/64 | &nbsp;&nbsp; 1912 | 1914148 |
| 6.20%, 03/01/55<sup>(a)</sup> | &nbsp;&nbsp; 2450 | 2516667 |
| 7.50%, 11/06/33 | &nbsp;&nbsp; 200 | 232588 |
| Health Care Service Corp. A Mutual Legal <br> Reserve Co.<br>|  |  |
| 2.20%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp; 1789 | 1645671 |
| 3.20%, 06/01/50<sup>(b)</sup> | &nbsp;&nbsp; 1681 | 1085856 |
| 5.20%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1695 | 1743119 |
| 5.45%, 06/15/34<sup>(b)</sup> | &nbsp;&nbsp; 1230 | 1261846 |
| 5.88%, 06/15/54<sup>(b)</sup> | &nbsp;&nbsp; 1875 | 1829234 |
| Highmark, Inc., 2.55%, 05/10/31<sup>(b)</sup> | &nbsp;&nbsp; 947 | 851777 |
| Hoag Memorial Hospital Presbyterian, 3.80%, <br> 07/15/52<sup>(a)</sup><br>| &nbsp;&nbsp; 650 | 512940 |
| Horizon Mutual Holdings, Inc., 6.20%, <br> 11/15/34<sup>(b)</sup><br>| &nbsp;&nbsp; 1180 | 1174387 |
| Humana, Inc. |  |  |
| 2.15%, 02/03/32<sup>(a)</sup> | &nbsp;&nbsp; 1857 | 1620791 |
| 3.13%, 08/15/29 | &nbsp;&nbsp; 650 | 625855 |
| 3.70%, 03/23/29 | &nbsp;&nbsp; 1492 | 1467010 |
| 3.95%, 03/15/27 | &nbsp;&nbsp; 1067 | 1065786 |
| 3.95%, 08/15/49 | &nbsp;&nbsp; 733 | 535687 |
| 4.63%, 12/01/42 | &nbsp;&nbsp; 986 | 848799 |
| 4.80%, 03/15/47 | &nbsp;&nbsp; 1259 | 1055306 |
| 4.88%, 04/01/30 | &nbsp;&nbsp; 1350 | 1368972 |
| 4.95%, 10/01/44 | &nbsp;&nbsp; 1579 | 1375460 |
| 5.38%, 04/15/31 | &nbsp;&nbsp; 3000 | 3091726 |
| 5.50%, 03/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1290 | 1163230 |
| 5.55%, 05/01/35 | &nbsp;&nbsp; 1780 | 1811299 |
| 5.75%, 03/01/28 | &nbsp;&nbsp; 975 | 1001635 |
| 5.75%, 12/01/28 | &nbsp;&nbsp; 610 | 632257 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 1285 | 1200434 |
| 5.88%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1810 | 1894788 |
| 5.95%, 03/15/34 | &nbsp;&nbsp; 1610 | 1688608 |
| 6.00%, 05/01/55<sup>(a)</sup> | &nbsp;&nbsp; 765 | 737053 |
| 8.15%, 06/15/38<sup>(a)</sup> | &nbsp;&nbsp; 435 | 533224 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| ICON Investments Six DAC |  |  |
| 5.81%, 05/08/27 | &nbsp;&nbsp; $790 | $797062 |
| 5.85%, 05/08/29 | &nbsp;&nbsp; 1467 | 1502108 |
| 6.00%, 05/08/34 | &nbsp;&nbsp; 850 | 872230 |
| Indiana University Health, Inc. Obligated Group |  |  |
| 3.97%, 11/01/48 | &nbsp;&nbsp; 951 | 787391 |
| Series 2021, 2.85%, 11/01/51 | &nbsp;&nbsp; 370 | 239727 |
| Inova Health System Foundation, 4.07%, <br> 05/15/52<sup>(a)</sup><br>| &nbsp;&nbsp; 800 | 641721 |
| Integris Baptist Medical Center, Inc., Series A, <br> 3.88%, 08/15/50<br>| &nbsp;&nbsp; 685 | 520042 |
| Iowa Health System, Series 2020, 3.67%, <br> 02/15/50<br>| &nbsp;&nbsp; 530 | 402631 |
| IQVIA, Inc. |  |  |
| 5.70%, 05/15/28 | &nbsp;&nbsp; 1215 | 1251207 |
| 6.25%, 02/01/29 | &nbsp;&nbsp; 1060 | 1114095 |
| Johns Hopkins Health System Corp. (The), <br> 3.84%, 05/15/46<sup>(a)</sup><br>| &nbsp;&nbsp; 1015 | 835137 |
| Kaiser Foundation Hospitals |  |  |
| 3.15%, 05/01/27 | &nbsp;&nbsp; 1250 | 1243029 |
| 4.15%, 05/01/47 | &nbsp;&nbsp; 2482 | 2121441 |
| 4.88%, 04/01/42<sup>(a)</sup> | &nbsp;&nbsp; 977 | 956445 |
| Series 2019, 3.27%, 11/01/49 | &nbsp;&nbsp; 1912 | 1384939 |
| Series 2021, 2.81%, 06/01/41 | &nbsp;&nbsp; 1360 | 1032644 |
| Series 2021, 3.00%, 06/01/51 | &nbsp;&nbsp; 2370 | 1604219 |
| Laboratory Corp. of America Holdings |  |  |
| 2.70%, 06/01/31 | &nbsp;&nbsp; 1060 | 981163 |
| 2.95%, 12/01/29 | &nbsp;&nbsp; 1125 | 1082328 |
| 3.60%, 09/01/27 | &nbsp;&nbsp; 945 | 941406 |
| 4.35%, 04/01/30 | &nbsp;&nbsp; 1805 | 1819909 |
| 4.55%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1480 | 1492410 |
| 4.70%, 02/01/45<sup>(a)</sup> | &nbsp;&nbsp; 1687 | 1536535 |
| 4.80%, 10/01/34 | &nbsp;&nbsp; 1340 | 1344066 |
| Mass General Brigham, Inc. |  |  |
| Series 2017, 3.77%, 07/01/48 | &nbsp;&nbsp; 15 | 11953 |
| Series 2020, 3.19%, 07/01/49 | &nbsp;&nbsp; 545 | 391400 |
| Series 2020, 3.34%, 07/01/60 | &nbsp;&nbsp; 920 | 626471 |
| Mayo Clinic |  |  |
| 3.77%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 385 | 319406 |
| Series 2013, 4.00%, 11/15/47<sup>(a)</sup> | &nbsp;&nbsp; 260 | 215738 |
| Series 2016, 4.13%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp; 340 | 286693 |
| Series 2021, 3.20%, 11/15/61 | &nbsp;&nbsp; 758 | 503202 |
| McLaren Health Care Corp., Series A, 4.39%, <br> 05/15/48<br>| &nbsp;&nbsp; 763 | 660857 |
| MedStar Health, Inc., Series 20A, 3.63%, <br> 08/15/49<sup>(a)</sup><br>| &nbsp;&nbsp; 300 | 223644 |
| Memorial Health Services, 3.45%, 11/01/49 | &nbsp;&nbsp; 735 | 550385 |
| Memorial Sloan-Kettering Cancer Center |  |  |
| 4.13%, 07/01/52<sup>(a)</sup> | &nbsp;&nbsp; 388 | 322090 |
| 5.00%, 07/01/42 | &nbsp;&nbsp; 285 | 280329 |
| Series 2015, 4.20%, 07/01/55<sup>(a)</sup> | &nbsp;&nbsp; 312 | 261975 |
| Series 2020, 2.96%, 01/01/50<sup>(a)</sup> | &nbsp;&nbsp; 200 | 136013 |
| Methodist Hospital (The), Series 20A, 2.71%, <br> 12/01/50<br>| &nbsp;&nbsp; 914 | 583180 |
| Montefiore Obligated Group |  |  |
| 4.29%, 09/01/50<sup>(a)</sup> | &nbsp;&nbsp; 329 | 239904 |
| Series 18-C, 5.25%, 11/01/48<sup>(a)</sup> | &nbsp;&nbsp; 486 | 410921 |
| Mount Nittany Medical Center Obligated Group, <br> 3.80%, 11/15/52<br>| &nbsp;&nbsp; 345 | 264015 |
| MyMichigan Health, Series 2020, 3.41%, <br> 06/01/50<br>| &nbsp;&nbsp; 745 | 536910 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Nationwide Children's Hospital, Inc., 4.56%, <br> 11/01/52<sup>(a)</sup><br>| &nbsp;&nbsp; $619 | $551251 |
| New York and Presbyterian Hospital(The) |  |  |
| 2.26%, 08/01/40 | &nbsp;&nbsp; 170 | 122957 |
| 2.61%, 08/01/60<sup>(a)</sup> | &nbsp;&nbsp; 238 | 138578 |
| 3.56%, 08/01/36 | &nbsp;&nbsp; 110 | 99680 |
| 4.02%, 08/01/45<sup>(a)</sup> | &nbsp;&nbsp; 610 | 519533 |
| 4.06%, 08/01/56<sup>(a)</sup> | &nbsp;&nbsp; 149 | 121241 |
| 4.76%, 08/01/2116<sup>(a)</sup> | &nbsp;&nbsp; 255 | 214877 |
| Series 2019, 3.95%, 08/01/2119<sup>(a)</sup> | &nbsp;&nbsp; 410 | 294109 |
| Northwell Healthcare, Inc. |  |  |
| 3.81%, 11/01/49 | &nbsp;&nbsp; 477 | 369906 |
| 3.98%, 11/01/46<sup>(a)</sup> | &nbsp;&nbsp; 905 | 740933 |
| 4.26%, 11/01/47 | &nbsp;&nbsp; 1436 | 1214915 |
| 6.15%, 11/01/43 | &nbsp;&nbsp; 745 | 772001 |
| Northwestern Memorial Healthcare Obligated <br> Group, Series 2021, 2.63%, 07/15/51<sup>(a)</sup><br>| &nbsp;&nbsp; 440 | 279912 |
| Novant Health, Inc. |  |  |
| 2.64%, 11/01/36 | &nbsp;&nbsp; 875 | 718603 |
| 3.17%, 11/01/51 | &nbsp;&nbsp; 1309 | 897368 |
| 3.32%, 11/01/61<sup>(a)</sup> | &nbsp;&nbsp; 418 | 277483 |
| 4.37%, 11/01/43 | &nbsp;&nbsp; 685 | 608519 |
| NY Society for Relief of Ruptured & Crippled <br> Maintaining Hosp Special Surgery, Series <br> 2020, 2.67%, 10/01/50<br>| &nbsp;&nbsp; 730 | 462600 |
| Ochsner Clinic Foundation, 5.90%, 05/15/45<sup>(a)</sup> | &nbsp;&nbsp; 700 | 700648 |
| OhioHealth Corp. |  |  |
| 2.30%, 11/15/31 | &nbsp;&nbsp; 775 | 707571 |
| 2.83%, 11/15/41 | &nbsp;&nbsp; 765 | 586250 |
| Series 2020, 3.04%, 11/15/50 | &nbsp;&nbsp; 163 | 114320 |
| Orlando Health Obligated Group |  |  |
| 3.33%, 10/01/50 | &nbsp;&nbsp; 700 | 523179 |
| 4.09%, 10/01/48 | &nbsp;&nbsp; 807 | 677507 |
| 5.48%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 695 | 739269 |
| PeaceHealth Obligated Group |  |  |
| 4.34%, 11/15/28 | &nbsp;&nbsp; 150 | 151051 |
| 4.86%, 11/15/32 | &nbsp;&nbsp; 180 | 183902 |
| Series 2018, 4.79%, 11/15/48<sup>(a)</sup> | &nbsp;&nbsp; 730 | 656896 |
| Series 2020, 3.22%, 11/15/50 | &nbsp;&nbsp; 920 | 629911 |
| Piedmont Healthcare, Inc. |  |  |
| 2.04%, 01/01/32 | &nbsp;&nbsp; 545 | 484485 |
| 2.86%, 01/01/52<sup>(a)</sup> | &nbsp;&nbsp; 460 | 296128 |
| Series 2042, 2.72%, 01/01/42 | &nbsp;&nbsp; 900 | 657138 |
| Presbyterian Healthcare Services, 4.88%, <br> 08/01/52<br>| &nbsp;&nbsp; 715 | 653289 |
| Providence St. Joseph Health Obligated Group |  |  |
| 5.37%, 10/01/32 | &nbsp;&nbsp; 750 | 785700 |
| 5.40%, 10/01/33 | &nbsp;&nbsp; 415 | 434097 |
| Series 19A, 2.53%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1320 | 1249618 |
| Series 21A, 2.70%, 10/01/51 | &nbsp;&nbsp; 1183 | 724846 |
| Series A, 3.93%, 10/01/48 | &nbsp;&nbsp; 1012 | 806059 |
| Series I, 3.74%, 10/01/47<sup>(a)</sup> | &nbsp;&nbsp; 663 | 518696 |
| Queen's Health Systems (The), 4.81%, <br> 07/01/52<br>| &nbsp;&nbsp; 320 | 293580 |
| Quest Diagnostics, Inc. |  |  |
| 2.80%, 06/30/31<sup>(a)</sup> | &nbsp;&nbsp; 1442 | 1345552 |
| 2.95%, 06/30/30<sup>(a)</sup> | &nbsp;&nbsp; 1618 | 1542797 |
| 4.20%, 06/30/29 | &nbsp;&nbsp; 1080 | 1087919 |
| 4.60%, 12/15/27 | &nbsp;&nbsp; 1260 | 1275463 |
| 4.63%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1625 | 1661624 |
| 4.70%, 03/30/45<sup>(a)</sup> | &nbsp;&nbsp; 641 | 590638 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 5.00%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; $1290 | $1321388 |
| 6.40%, 11/30/33 | &nbsp;&nbsp; 1020 | 1140391 |
| Rady Children's Hospital-San Diego, Series <br> 21A, 3.15%, 08/15/51<br>| &nbsp;&nbsp; 275 | 192322 |
| Roche Holdings, Inc. |  |  |
| 1.93%, 12/13/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3775 | 3605582 |
| 2.08%, 12/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3947 | 3540774 |
| 2.31%, 03/10/27<sup>(b)</sup> | &nbsp;&nbsp; 1774 | 1750722 |
| 2.61%, 12/13/51<sup>(b)</sup> | &nbsp;&nbsp; 3720 | 2335444 |
| 3.63%, 09/17/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1305 | 1304327 |
| 4.00%, 11/28/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 1430 | 1245297 |
| 4.08%, 12/02/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 900 | 905333 |
| 4.20%, 09/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1815 | 1838294 |
| 4.37%, 12/02/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1270 | 1284283 |
| 4.59%, 09/09/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 2250 | 2273990 |
| 4.67%, 12/02/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 600 | 604880 |
| 4.79%, 03/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1230 | 1265593 |
| 4.91%, 03/08/31<sup>(b)</sup> | &nbsp;&nbsp; 1420 | 1477698 |
| 4.99%, 03/08/34<sup>(b)</sup> | &nbsp;&nbsp; 1975 | 2053752 |
| 5.22%, 03/08/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 2630 | 2612593 |
| 5.34%, 11/13/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2580 | 2686133 |
| 5.49%, 11/13/30<sup>(b)</sup> | &nbsp;&nbsp; 2385 | 2537838 |
| 5.59%, 11/13/33<sup>(b)</sup> | &nbsp;&nbsp; 2820 | 3044656 |
| 7.00%, 03/01/39<sup>(b)</sup> | &nbsp;&nbsp; 1715 | 2076486 |
| Rush Obligated Group, Series 2020, 3.92%, <br> 11/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 590 | 588504 |
| Seattle Children's Hospital, Series 2021, 2.72%, <br> 10/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 722 | 462425 |
| Sentara Health, 2.93%, 11/01/51<sup>(a)</sup> | &nbsp;&nbsp; 410 | 272909 |
| Sharp HealthCare, Series 20B, 2.68%, <br> 08/01/50<br>| &nbsp;&nbsp; 235 | 150285 |
| Southern Baptist Hospital of Florida, Inc., <br> 4.86%, 07/15/45<br>| &nbsp;&nbsp; 713 | 656653 |
| SSM Health Care Corp. |  |  |
| 4.89%, 06/01/28 | &nbsp;&nbsp; 755 | 768515 |
| Series A, 3.82%, 06/01/27 | &nbsp;&nbsp; 883 | 882854 |
| Stanford Health Care |  |  |
| 3.03%, 08/15/51 | &nbsp;&nbsp; 625 | 426598 |
| Series 2018, 3.80%, 11/15/48 | &nbsp;&nbsp; 1081 | 866449 |
| Series 2020, 3.31%, 08/15/30 | &nbsp;&nbsp; 705 | 686469 |
| Sutter Health |  |  |
| 5.16%, 08/15/33 | &nbsp;&nbsp; 25 | 26039 |
| 5.55%, 08/15/53<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10250 |
| Series 2018, 3.70%, 08/15/28 | &nbsp;&nbsp; 302 | 300199 |
| Series 2018, 4.09%, 08/15/48 | &nbsp;&nbsp; 420 | 346911 |
| Series 2025, 5.21%, 08/15/32 | &nbsp;&nbsp; 690 | 724130 |
| Series 2025, 5.54%, 08/15/35 | &nbsp;&nbsp; 1975 | 2097415 |
| Series 20A, 2.29%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 335 | 311221 |
| Series 20A, 3.16%, 08/15/40 | &nbsp;&nbsp; 333 | 267836 |
| Series 20A, 3.36%, 08/15/50 | &nbsp;&nbsp; 360 | 261134 |
| Texas Health Resources |  |  |
| 2.33%, 11/15/50 | &nbsp;&nbsp; 635 | 374091 |
| 4.33%, 11/15/55<sup>(a)</sup> | &nbsp;&nbsp; 505 | 424562 |
| Toledo Hospital (The), 5.75%, 11/15/38<sup>(a)</sup> | &nbsp;&nbsp; 394 | 399910 |
| Trinity Health Corp. |  |  |
| 4.13%, 12/01/45 | &nbsp;&nbsp; 560 | 480298 |
| Series 2019, 3.43%, 12/01/48<sup>(a)</sup> | &nbsp;&nbsp; 575 | 443108 |
| Series 2021, 2.63%, 12/01/40<sup>(a)</sup> | &nbsp;&nbsp; 925 | 690814 |
| UMass Memorial Health Care Obligated Group, <br> 5.36%, 07/01/52<sup>(a)</sup><br>| &nbsp;&nbsp; 320 | 307668 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| UnitedHealth Group, Inc. |  |  |
| 3.70%, 05/15/27 | &nbsp;&nbsp; $1100 | $1098564 |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 2477 | 2284597 |
| 2.30%, 05/15/31 | &nbsp;&nbsp; 2995 | 2734939 |
| 2.75%, 05/15/40 | &nbsp;&nbsp; 2265 | 1709202 |
| 2.88%, 08/15/29 | &nbsp;&nbsp; 1895 | 1831016 |
| 2.90%, 05/15/50 | &nbsp;&nbsp; 2250 | 1456539 |
| 2.95%, 10/15/27 | &nbsp;&nbsp; 1801 | 1780332 |
| 3.05%, 05/15/41 | &nbsp;&nbsp; 3990 | 3062428 |
| 3.13%, 05/15/60 | &nbsp;&nbsp; 2115 | 1307499 |
| 3.25%, 05/15/51<sup>(a)</sup> | &nbsp;&nbsp; 4110 | 2814505 |
| 3.38%, 04/15/27 | &nbsp;&nbsp; 1005 | 1000113 |
| 3.50%, 08/15/39 | &nbsp;&nbsp; 2276 | 1910499 |
| 3.70%, 08/15/49 | &nbsp;&nbsp; 2281 | 1708911 |
| 3.75%, 10/15/47 | &nbsp;&nbsp; 1799 | 1382401 |
| 3.85%, 06/15/28 | &nbsp;&nbsp; 2545 | 2547074 |
| 3.88%, 12/15/28 | &nbsp;&nbsp; 2581 | 2582999 |
| 3.88%, 08/15/59 | &nbsp;&nbsp; 2032 | 1475121 |
| 3.95%, 10/15/42 | &nbsp;&nbsp; 948 | 794248 |
| 4.00%, 05/15/29 | &nbsp;&nbsp; 1862 | 1868628 |
| 4.20%, 05/15/32 | &nbsp;&nbsp; 2540 | 2531649 |
| 4.20%, 01/15/47 | &nbsp;&nbsp; 1325 | 1094914 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 2680 | 2708973 |
| 4.25%, 03/15/43 | &nbsp;&nbsp; 1993 | 1724692 |
| 4.25%, 04/15/47 | &nbsp;&nbsp; 1723 | 1433072 |
| 4.25%, 06/15/48 | &nbsp;&nbsp; 2712 | 2240050 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 981 | 873840 |
| 4.40%, 06/15/28 | &nbsp;&nbsp; 1135 | 1149161 |
| 4.45%, 12/15/48 | &nbsp;&nbsp; 2153 | 1826684 |
| 4.50%, 04/15/33 | &nbsp;&nbsp; 3821 | 3816254 |
| 4.60%, 04/15/27 | &nbsp;&nbsp; 835 | 841535 |
| 4.63%, 07/15/35 | &nbsp;&nbsp; 2130 | 2117002 |
| 4.63%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 936 | 862175 |
| 4.65%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2660 | 2718894 |
| 4.70%, 04/15/29 | &nbsp;&nbsp; 1335 | 1366713 |
| 4.75%, 07/15/45 | &nbsp;&nbsp; 3940 | 3572534 |
| 4.75%, 05/15/52 | &nbsp;&nbsp; 3779 | 3291083 |
| 4.80%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2380 | 2448125 |
| 4.90%, 04/15/31 | &nbsp;&nbsp; 1710 | 1767896 |
| 4.95%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2855 | 2946944 |
| 4.95%, 05/15/62 | &nbsp;&nbsp; 2245 | 1959077 |
| 5.00%, 04/15/34 | &nbsp;&nbsp; 1965 | 2012324 |
| 5.05%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 3915 | 3559010 |
| 5.15%, 07/15/34 | &nbsp;&nbsp; 4060 | 4195461 |
| 5.20%, 04/15/63 | &nbsp;&nbsp; 2845 | 2570714 |
| 5.25%, 02/15/28 | &nbsp;&nbsp; 2440 | 2504272 |
| 5.30%, 02/15/30 | &nbsp;&nbsp; 2247 | 2350631 |
| 5.30%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1804 | 1882438 |
| 5.35%, 02/15/33 | &nbsp;&nbsp; 3715 | 3900387 |
| 5.38%, 04/15/54 | &nbsp;&nbsp; 3255 | 3091626 |
| 5.50%, 07/15/44 | &nbsp;&nbsp; 2625 | 2614620 |
| 5.50%, 04/15/64 | &nbsp;&nbsp; 2485 | 2359015 |
| 5.63%, 07/15/54 | &nbsp;&nbsp; 4650 | 4587685 |
| 5.70%, 10/15/40 | &nbsp;&nbsp; 535 | 559931 |
| 5.75%, 07/15/64 | &nbsp;&nbsp; 3100 | 3053769 |
| 5.80%, 03/15/36 | &nbsp;&nbsp; 1839 | 1973717 |
| 5.88%, 02/15/53 | &nbsp;&nbsp; 3625 | 3686625 |
| 5.95%, 02/15/41 | &nbsp;&nbsp; 590 | 625720 |
| 5.95%, 06/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1145 | 1185764 |
| 6.05%, 02/15/63 | &nbsp;&nbsp; 3080 | 3171294 |
| 6.50%, 06/15/37 | &nbsp;&nbsp; 1253 | 1407840 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 6.63%, 11/15/37 | &nbsp;&nbsp; $1099 | $1250049 |
| 6.88%, 02/15/38 | &nbsp;&nbsp; 2128 | 2468693 |
| Universal Health Services, Inc. |  |  |
| 2.65%, 10/15/30 | &nbsp;&nbsp; 1570 | 1445121 |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 1237 | 1106981 |
| 4.63%, 10/15/29 | &nbsp;&nbsp; 1205 | 1218397 |
| 5.05%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 930 | 923851 |
| UPMC |  |  |
| 5.04%, 05/15/33 | &nbsp;&nbsp; 255 | 262439 |
| 5.38%, 05/15/43 | &nbsp;&nbsp; 590 | 590224 |
| WakeMed, Series A, 3.29%, 10/01/52<sup>(a)</sup> | &nbsp;&nbsp; 160 | 113919 |
| West Virginia United Health System Obligated <br> Group, Series 2020, 3.13%, 06/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 201 | 133412 |
| Willis-Knighton Medical Center |  |  |
| Series 2018, 4.81%, 09/01/48 | &nbsp;&nbsp; 747 | 672450 |
| Series 2021, 3.07%, 03/01/51<sup>(a)</sup> | &nbsp;&nbsp; 858 | 560641 |
| Yale-New Haven Health Services Corp., Series <br> 2020, 2.50%, 07/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 410 | 249328 |
|  |  | 550795195 |
| **Holding Companies - Diversified — 0.7%** | **Holding Companies - Diversified — 0.7%** | **Holding Companies - Diversified — 0.7%** |
| Aercap Sukuk Ltd./Cayman Islands, 4.50%, <br> 10/03/29<sup>(b)</sup><br>| &nbsp;&nbsp; 225 | 222762 |
| Antares Holdings LP |  |  |
| 3.75%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp; 575 | 561704 |
| 6.35%, 10/23/29<sup>(b)</sup> | &nbsp;&nbsp; 565 | 577598 |
| 6.50%, 02/08/29<sup>(b)</sup> | &nbsp;&nbsp; 125 | 127947 |
| 7.95%, 08/11/28<sup>(b)</sup> | &nbsp;&nbsp; 125 | 132212 |
| Apollo Debt Solutions BDC |  |  |
| 5.20%, 12/08/28<sup>(b)</sup> | &nbsp;&nbsp; 225 | 224101 |
| 5.70%, 01/23/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 970 | 962244 |
| 5.88%, 08/30/30 | &nbsp;&nbsp; 940 | 946715 |
| 6.55%, 03/15/32 | &nbsp;&nbsp; 1045 | 1067893 |
| 6.70%, 07/29/31 | &nbsp;&nbsp; 1640 | 1693171 |
| 6.90%, 04/13/29 | &nbsp;&nbsp; 2480 | 2578273 |
| Ares Capital Corp. |  |  |
| 2.88%, 06/15/27 | &nbsp;&nbsp; 790 | 775407 |
| 2.88%, 06/15/28 | &nbsp;&nbsp; 2513 | 2396756 |
| 3.20%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1615 | 1419554 |
| 5.10%, 01/15/31 | &nbsp;&nbsp; 1060 | 1034477 |
| 5.25%, 04/12/31 | &nbsp;&nbsp; 630 | 617793 |
| 5.50%, 09/01/30 | &nbsp;&nbsp; 1710 | 1693050 |
| 5.80%, 03/08/32 | &nbsp;&nbsp; 1920 | 1911287 |
| 5.88%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1970 | 2006422 |
| 5.95%, 07/15/29 | &nbsp;&nbsp; 1425 | 1457478 |
| Ares Strategic Income Fund |  |  |
| 4.85%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 945 | 930229 |
| 5.15%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1315 | 1273864 |
| 5.45%, 09/09/28<sup>(b)</sup> | &nbsp;&nbsp; 760 | 759959 |
| 5.55%, 04/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 730 | 716848 |
| 5.60%, 02/15/30 | &nbsp;&nbsp; 1555 | 1536900 |
| 5.70%, 03/15/28 | &nbsp;&nbsp; 2685 | 2706106 |
| 5.80%, 09/09/30<sup>(b)</sup> | &nbsp;&nbsp; 1220 | 1211686 |
| 6.20%, 03/21/32<sup>(a)</sup> | &nbsp;&nbsp; 1360 | 1366214 |
| 6.35%, 08/15/29 | &nbsp;&nbsp; 1230 | 1254749 |
| Bain Capital Specialty Finance, Inc. |  |  |
| 5.95%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 675 | 671938 |
| 5.95%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 275 | 268004 |
| Barings BDC, Inc. |  |  |
| 5.20%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 315 | 311940 |
| 7.00%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 240 | 246551 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| Barings Private Credit Corp., 6.15%, <br> 06/11/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; $585 | $580682 |
| Blackstone Private Credit Fund |  |  |
| 3.25%, 03/15/27 | &nbsp;&nbsp; 1531 | 1503575 |
| 4.00%, 01/15/29 | &nbsp;&nbsp; 1382 | 1326430 |
| 4.95%, 09/26/27 | &nbsp;&nbsp; 750 | 749762 |
| 5.05%, 09/10/30 | &nbsp;&nbsp; 1210 | 1169307 |
| 5.25%, 04/01/30 | &nbsp;&nbsp; 1015 | 993565 |
| 5.35%, 03/12/31 | &nbsp;&nbsp; 585 | 566862 |
| 5.60%, 11/22/29<sup>(a)</sup> | &nbsp;&nbsp; 1060 | 1052906 |
| 5.95%, 07/16/29<sup>(a)</sup> | &nbsp;&nbsp; 1385 | 1395594 |
| 6.00%, 01/29/32 | &nbsp;&nbsp; 1480 | 1470243 |
| 6.00%, 11/22/34<sup>(a)</sup> | &nbsp;&nbsp; 1740 | 1683368 |
| 6.25%, 01/25/31 | &nbsp;&nbsp; 1265 | 1272729 |
| 7.30%, 11/27/28 | &nbsp;&nbsp; 1145 | 1197327 |
| Blackstone Secured Lending Fund |  |  |
| 2.13%, 02/15/27 | &nbsp;&nbsp; 878 | 855492 |
| 2.85%, 09/30/28 | &nbsp;&nbsp; 470 | 440252 |
| 5.13%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp; 1120 | 1085623 |
| 5.30%, 06/30/30 | &nbsp;&nbsp; 1055 | 1036641 |
| 5.35%, 04/13/28 | &nbsp;&nbsp; 1200 | 1204478 |
| 5.88%, 11/15/27 | &nbsp;&nbsp; 970 | 986455 |
| Blue Owl Capital Corp. |  |  |
| 2.88%, 06/11/28 | &nbsp;&nbsp; 1200 | 1120058 |
| 3.13%, 04/13/27<sup>(a)</sup> | &nbsp;&nbsp; 510 | 495822 |
| 5.95%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1415 | 1407735 |
| 6.20%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 960 | 955393 |
| Blue Owl Credit Income Corp. |  |  |
| 5.80%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1850 | 1810028 |
| 5.90%, 05/23/28<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4967 |
| 6.60%, 09/15/29 | &nbsp;&nbsp; 1700 | 1716047 |
| 6.65%, 03/15/31 | &nbsp;&nbsp; 1900 | 1910069 |
| 7.75%, 09/16/27 | &nbsp;&nbsp; 688 | 701503 |
| 7.75%, 01/15/29 | &nbsp;&nbsp; 975 | 1011252 |
| 7.95%, 06/13/28 | &nbsp;&nbsp; 1890 | 1959152 |
| Blue Owl Technology Finance Corp. |  |  |
| 6.10%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1205 | 1198137 |
| 6.13%, 01/23/31<sup>(a)</sup> | &nbsp;&nbsp; 20 | 19104 |
| 6.75%, 04/04/29<sup>(a)</sup> | &nbsp;&nbsp; 1485 | 1479147 |
| Capital Southwest Corp., 5.95%, 09/18/30 | &nbsp;&nbsp; 560 | 557186 |
| Carlyle Secured Lending, Inc. |  |  |
| 5.75%, 02/15/31 | &nbsp;&nbsp; 250 | 241958 |
| 6.75%, 02/18/30<sup>(a)</sup> | &nbsp;&nbsp; 410 | 415693 |
| CK Hutchison International 17 II Ltd., 3.25%, <br> 09/29/27<sup>(b)</sup><br>| &nbsp;&nbsp; 1723 | 1706344 |
| CK Hutchison International 17 Ltd., 3.50%, <br> 04/05/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 665 | 662078 |
| CK Hutchison International 19 II Ltd. |  |  |
| 2.75%, 09/06/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1708 | 1639065 |
| 3.38%, 09/06/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 1180 | 885418 |
| CK Hutchison International 19 Ltd., 3.63%, <br> 04/11/29<sup>(b)</sup><br>| &nbsp;&nbsp; 674 | 667493 |
| Drawbridge Special Opportunities <br> Fund LP/Drawbridge Special Opportunities <br> Fin, 5.95%, 09/17/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 750 | 726522 |
| Franklin BSP Capital Corp. |  |  |
| 6.00%, 10/02/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 375 | 364632 |
| 7.20%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 475 | 487879 |
| FS KKR Capital Corp. |  |  |
| 3.13%, 10/12/28 | &nbsp;&nbsp; 1060 | 965029 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 712 | 683602 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| 6.13%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; $1000 | $960555 |
| 6.13%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 400 | 378881 |
| 6.88%, 08/15/29 | &nbsp;&nbsp; 855 | 845618 |
| 7.88%, 01/15/29 | &nbsp;&nbsp; 945 | 963030 |
| Goldman Sachs BDC, Inc. |  |  |
| 5.10%, 01/28/29<sup>(a)</sup> | &nbsp;&nbsp; 285 | 281185 |
| 5.65%, 09/09/30 | &nbsp;&nbsp; 810 | 791417 |
| 6.38%, 03/11/27 | &nbsp;&nbsp; 285 | 290084 |
| Goldman Sachs Private Credit Corp. |  |  |
| 5.05%, 02/23/28<sup>(b)</sup> | &nbsp;&nbsp; 450 | 447100 |
| 5.38%, 01/31/29<sup>(b)</sup> | &nbsp;&nbsp; 320 | 318503 |
| 5.88%, 05/06/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 515 | 520861 |
| 5.88%, 01/31/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 500 | 491044 |
| 6.25%, 05/06/30<sup>(b)</sup> | &nbsp;&nbsp; 1265 | 1266654 |
| Golub Capital BDC, Inc. |  |  |
| 2.05%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp; 535 | 520086 |
| 6.00%, 07/15/29 | &nbsp;&nbsp; 1195 | 1199902 |
| 7.05%, 12/05/28 | &nbsp;&nbsp; 860 | 895060 |
| Golub Capital Private Credit Fund |  |  |
| 5.45%, 08/15/28 | &nbsp;&nbsp; 655 | 654777 |
| 5.60%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 975 | 949829 |
| 5.80%, 09/12/29 | &nbsp;&nbsp; 760 | 765398 |
| 5.88%, 05/01/30 | &nbsp;&nbsp; 1005 | 1003967 |
| HA Sustainable Infrastructure Capital, Inc. |  |  |
| 6.15%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 705 | 731773 |
| 6.38%, 07/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1980 | 2047466 |
| 6.75%, 07/15/35 | &nbsp;&nbsp; 725 | 763427 |
| HAT Holdings I LLC/HAT Holdings II LLC |  |  |
| 3.75%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 730 | 684847 |
| 8.00%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp; 695 | 722882 |
| Hutchison Whampoa International 03/33 Ltd., <br> 7.45%, 11/24/33<sup>(b)</sup><br>| &nbsp;&nbsp; 1580 | 1870396 |
| Inversiones La Construccion SA, 4.75%, <br> 02/07/32<sup>(b)</sup><br>| &nbsp;&nbsp; 120 | 116376 |
| JAB Holdings BV |  |  |
| 2.20%, 11/23/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 552 | 503426 |
| 3.75%, 05/28/51<sup>(b)</sup> | &nbsp;&nbsp; 1135 | 794804 |
| 4.50%, 04/08/52<sup>(b)</sup> | &nbsp;&nbsp; 700 | 553716 |
| Main Street Capital Corp. |  |  |
| 5.40%, 08/15/28 | &nbsp;&nbsp; 595 | 597052 |
| 6.50%, 06/04/27 | &nbsp;&nbsp; 465 | 472760 |
| 6.95%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 500 | 520863 |
| Morgan Stanley Direct Lending Fund |  |  |
| 4.50%, 02/11/27 | &nbsp;&nbsp; 515 | 514069 |
| 6.00%, 05/19/30<sup>(a)</sup> | &nbsp;&nbsp; 685 | 687362 |
| 6.15%, 05/17/29<sup>(a)</sup> | &nbsp;&nbsp; 485 | 495474 |
| MSD Investment Corp. |  |  |
| 6.13%, 02/05/31<sup>(b)</sup> | &nbsp;&nbsp; 250 | 246989 |
| 6.25%, 05/31/30<sup>(b)</sup> | &nbsp;&nbsp; 775 | 774834 |
| New Mountain Finance Corp. |  |  |
| 6.20%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 490 | 492751 |
| 6.88%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 220 | 222512 |
| North Haven Private Income Fund LLC |  |  |
| 5.13%, 09/25/28<sup>(b)</sup> | &nbsp;&nbsp; 400 | 396536 |
| 5.75%, 02/01/30 | &nbsp;&nbsp; 245 | 242423 |
| Nuveen Churchill Direct Lending Corp., 6.65%, <br> 03/15/30<br>| &nbsp;&nbsp; 510 | 522376 |
| Oaktree Specialty Lending Corp. |  |  |
| 6.34%, 02/27/30<sup>(a)</sup> | &nbsp;&nbsp; 470 | 462892 |
| 7.10%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 445 | 450937 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| Oaktree Strategic Credit Fund |  |  |
| 6.19%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; $735 | $729728 |
| 6.50%, 07/23/29<sup>(a)</sup> | &nbsp;&nbsp; 485 | 496887 |
| 8.40%, 11/14/28 | &nbsp;&nbsp; 515 | 553433 |
| Pershing Square Holdings Ltd/Fund, 4.95%, <br> 07/15/39<sup>(b)</sup><br>| &nbsp;&nbsp; 130 | 120240 |
| Sixth Street Lending Partners |  |  |
| 5.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1025 | 1029173 |
| 6.13%, 07/15/30 | &nbsp;&nbsp; 1435 | 1452884 |
| 6.50%, 03/11/29 | &nbsp;&nbsp; 1205 | 1244324 |
| Sixth Street Specialty Lending, Inc. |  |  |
| 5.63%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 530 | 526640 |
| 6.13%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 585 | 593463 |
| 6.95%, 08/14/28 | &nbsp;&nbsp; 548 | 566770 |
|  |  | 118770872 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| DR Horton, Inc. |  |  |
| 1.40%, 10/15/27 | &nbsp;&nbsp; 1032 | 993376 |
| 4.85%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 280 | 288969 |
| 5.00%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1285 | 1317052 |
| 5.50%, 10/15/35 | &nbsp;&nbsp; 870 | 915653 |
| Lennar Corp. |  |  |
| 4.75%, 11/29/27 | &nbsp;&nbsp; 237 | 239133 |
| 5.00%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp; 679 | 683947 |
| 5.20%, 07/30/30 | &nbsp;&nbsp; 950 | 983859 |
| Meritage Homes Corp. |  |  |
| 3.88%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 635 | 628303 |
| 5.13%, 06/06/27<sup>(a)</sup> | &nbsp;&nbsp; 220 | 221452 |
| 5.65%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 780 | 804633 |
| NVR, Inc., 3.00%, 05/15/30 | &nbsp;&nbsp; 1343 | 1285158 |
| PulteGroup, Inc. |  |  |
| 4.25%, 03/01/31 | &nbsp;&nbsp; 525 | 524516 |
| 4.90%, 03/01/36 | &nbsp;&nbsp; 475 | 475503 |
| 6.00%, 02/15/35 | &nbsp;&nbsp; 434 | 469324 |
| 6.38%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 610 | 679148 |
| 7.88%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 463 | 546935 |
| Sekisui House U.S., Inc. |  |  |
| 2.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 905 | 814046 |
| 3.85%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 535 | 521303 |
| 3.97%, 08/06/61<sup>(a)</sup> | &nbsp;&nbsp; 302 | 203247 |
| 6.00%, 01/15/43 | &nbsp;&nbsp; 970 | 926143 |
| Toll Brothers Finance Corp. |  |  |
| 3.80%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp; 865 | 855929 |
| 4.35%, 02/15/28 | &nbsp;&nbsp; 1000 | 1006572 |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 565 | 568239 |
| 5.60%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 540 | 571505 |
|  |  | 16523945 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Leggett & Platt, Inc. |  |  |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 860 | 849485 |
| 3.50%, 11/15/51 | &nbsp;&nbsp; 855 | 557857 |
| 4.40%, 03/15/29 | &nbsp;&nbsp; 1168 | 1163230 |
| LG Electronics, Inc. |  |  |
| 5.63%, 04/24/27<sup>(b)</sup> | &nbsp;&nbsp; 485 | 493659 |
| 5.63%, 04/24/29<sup>(b)</sup> | &nbsp;&nbsp; 85 | 88611 |
| Panasonic Holdings Corp. |  |  |
| 3.11%, 07/19/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 625 | 608574 |
| 5.30%, 07/16/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 775 | 810910 |
|  |  | 4572326 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** |
| Avery Dennison Corp. |  |  |
| 2.25%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; $835 | $743902 |
| 2.65%, 04/30/30 | &nbsp;&nbsp; 947 | 892922 |
| 4.88%, 12/06/28 | &nbsp;&nbsp; 1314 | 1339679 |
| 5.75%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 715 | 764141 |
| Church & Dwight Co., Inc. |  |  |
| 2.30%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 525 | 476675 |
| 3.15%, 08/01/27 | &nbsp;&nbsp; 1002 | 993056 |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 685 | 559529 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 1015 | 948099 |
| 5.60%, 11/15/32 | &nbsp;&nbsp; 845 | 909398 |
| Clorox Co.(The) |  |  |
| 1.80%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1220 | 1110613 |
| 3.10%, 10/01/27 | &nbsp;&nbsp; 908 | 897876 |
| 3.90%, 05/15/28 | &nbsp;&nbsp; 1010 | 1010504 |
| 4.40%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1020 | 1033216 |
| 4.60%, 05/01/32 | &nbsp;&nbsp; 1005 | 1020781 |
| Kimberly-Clark Corp. |  |  |
| 1.05%, 09/15/27 | &nbsp;&nbsp; 1298 | 1248812 |
| 2.00%, 11/02/31<sup>(a)</sup> | &nbsp;&nbsp; 1295 | 1173576 |
| 2.88%, 02/07/50<sup>(a)</sup> | &nbsp;&nbsp; 534 | 366252 |
| 3.10%, 03/26/30 | &nbsp;&nbsp; 1524 | 1476612 |
| 3.20%, 04/25/29 | &nbsp;&nbsp; 1098 | 1079882 |
| 3.20%, 07/30/46 | &nbsp;&nbsp; 575 | 422514 |
| 3.70%, 06/01/43 | &nbsp;&nbsp; 565 | 455007 |
| 3.90%, 05/04/47 | &nbsp;&nbsp; 819 | 666782 |
| 3.95%, 11/01/28 | &nbsp;&nbsp; 1374 | 1381459 |
| 4.50%, 02/16/33 | &nbsp;&nbsp; 1065 | 1089345 |
| 5.30%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 710 | 740225 |
| 6.63%, 08/01/37 | &nbsp;&nbsp; 1421 | 1653347 |
| Kimberly-Clark de Mexico SAB de CV, 2.43%, <br> 07/01/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 760 | 707257 |
| Reckitt Benckiser Treasury Services PLC, <br> 3.00%, 06/26/27<sup>(b)</sup><br>| &nbsp;&nbsp; 3952 | 3913027 |
| SC Johnson & Son, Inc. |  |  |
| 4.00%, 05/15/43<sup>(b)</sup> | &nbsp;&nbsp; 830 | 691259 |
| 4.35%, 09/30/44<sup>(b)</sup> | &nbsp;&nbsp; 745 | 626383 |
| 4.75%, 10/15/46<sup>(a)(b)</sup> | &nbsp;&nbsp; 1385 | 1256970 |
| 4.80%, 09/01/40<sup>(b)</sup> | &nbsp;&nbsp; 945 | 909441 |
| 5.75%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 95 | 101201 |
|  |  | 32659742 |
| **Insurance — 4.8%** | **Insurance — 4.8%** | **Insurance — 4.8%** |
| 200 Park Funding Trust, 5.74%, 02/15/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 2175 | 2152411 |
| Accident Fund Insurance Co. of America, <br> 8.50%, 08/01/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 250 | 257288 |
| ACE Capital Trust II, Series N, 9.70%, 04/01/30 | &nbsp;&nbsp; 230 | 275506 |
| AEGON Funding Co. LLC, 5.50%, 04/16/27<sup>(b)</sup> | &nbsp;&nbsp; 850 | 861861 |
| Aegon Ltd., 5.50%, 04/11/48, (6-mo. SOFR US <br> + 3.97%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1047 | 1061631 |
| Aflac, Inc. |  |  |
| 3.60%, 04/01/30 | &nbsp;&nbsp; 2083 | 2051586 |
| 4.00%, 10/15/46 | &nbsp;&nbsp; 645 | 522613 |
| 4.75%, 01/15/49 | &nbsp;&nbsp; 1167 | 1039300 |
| 6.45%, 08/15/40<sup>(a)</sup> | &nbsp;&nbsp; 595 | 667013 |
| AIA Group Ltd. |  |  |
| 3.20%, 09/16/40<sup>(b)</sup> | &nbsp;&nbsp; 2612 | 2108555 |
| 3.38%, 04/07/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1720 | 1690596 |
| 3.60%, 04/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2210 | 2198068 |
| 3.90%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp; 1145 | 1148610 |
| 4.50%, 03/16/46<sup>(a)(b)</sup> | &nbsp;&nbsp; 1740 | 1617427 |
| 4.88%, 03/11/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 910 | 885587 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.95%, 04/04/33<sup>(a)(b)</sup> | &nbsp;&nbsp; $1020 | $1068336 |
| 4.95%, 03/30/35<sup>(b)</sup> | &nbsp;&nbsp; 825 | 843529 |
| 5.38%, 04/05/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1755 | 1844436 |
| 5.40%, 09/30/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 1585 | 1561806 |
| 5.63%, 10/25/27<sup>(b)</sup> | &nbsp;&nbsp; 1415 | 1455716 |
| AIG SunAmerica Global Financing X, 6.90%, <br> 03/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 1281 | 1435722 |
| Alleghany Corp. |  |  |
| 3.25%, 08/15/51 | &nbsp;&nbsp; 1130 | 772848 |
| 3.63%, 05/15/30 | &nbsp;&nbsp; 1130 | 1115052 |
| 4.90%, 09/15/44 | &nbsp;&nbsp; 747 | 694110 |
| Allianz SE |  |  |
| 5.60%, 09/03/54, (5-year CMT + 2.77%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1720 | 1758715 |
| 6.35%, 09/06/53, (5-year CMT + 3.23%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1155 | 1239404 |
| Allstate Corp.(The) |  |  |
| 1.45%, 12/15/30 | &nbsp;&nbsp; 1536 | 1354853 |
| 3.85%, 08/10/49 | &nbsp;&nbsp; 1072 | 823246 |
| 4.20%, 12/15/46 | &nbsp;&nbsp; 1307 | 1081004 |
| 4.50%, 06/15/43<sup>(a)</sup> | &nbsp;&nbsp; 1199 | 1058656 |
| 5.05%, 06/24/29<sup>(a)</sup> | &nbsp;&nbsp; 1080 | 1115076 |
| 5.25%, 03/30/33 | &nbsp;&nbsp; 905 | 945295 |
| 5.35%, 06/01/33 | &nbsp;&nbsp; 1225 | 1284349 |
| 5.55%, 05/09/35<sup>(a)</sup> | &nbsp;&nbsp; 1231 | 1307674 |
| 5.95%, 04/01/36 | &nbsp;&nbsp; 880 | 952057 |
| 6.50%, 05/15/67, (3-mo. SOFR US + <br> 2.38%)<sup>(d)</sup><br>| &nbsp;&nbsp; 865 | 909477 |
| American Financial Group, Inc., 5.00%, <br> 09/23/35<br>| &nbsp;&nbsp; 575 | 568365 |
| American Financial Group, Inc./OH |  |  |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 1210 | 1029296 |
| 5.25%, 04/02/30<sup>(a)</sup> | &nbsp;&nbsp; 617 | 643956 |
| American International Group, Inc. |  |  |
| 3.40%, 06/30/30 | &nbsp;&nbsp; 1345 | 1309073 |
| 3.88%, 01/15/35 | &nbsp;&nbsp; 885 | 830966 |
| 4.38%, 06/30/50<sup>(a)</sup> | &nbsp;&nbsp; 1043 | 872513 |
| 4.50%, 07/16/44 | &nbsp;&nbsp; 1620 | 1433214 |
| 4.75%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 1971 | 1769689 |
| 4.80%, 07/10/45 | &nbsp;&nbsp; 1000 | 912161 |
| 4.85%, 05/07/30 | &nbsp;&nbsp; 845 | 866984 |
| 5.13%, 03/27/33<sup>(a)</sup> | &nbsp;&nbsp; 1890 | 1947961 |
| 5.45%, 05/07/35 | &nbsp;&nbsp; 1020 | 1063870 |
| 6.25%, 05/01/36<sup>(a)</sup> | &nbsp;&nbsp; 615 | 668311 |
| Series A-9, 5.75%, 04/01/48<sup>(a)(d)</sup> | &nbsp;&nbsp; 360 | 365219 |
| American National Global Funding |  |  |
| 4.63%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1025 | 1027537 |
| 4.88%, 01/23/31<sup>(b)</sup> | &nbsp;&nbsp; 700 | 699683 |
| 5.25%, 06/03/30<sup>(b)</sup> | &nbsp;&nbsp; 980 | 996092 |
| 5.55%, 01/28/30<sup>(b)</sup> | &nbsp;&nbsp; 1240 | 1270871 |
| American National Group, Inc. |  |  |
| 5.00%, 06/15/27 | &nbsp;&nbsp; 977 | 982722 |
| 5.75%, 10/01/29 | &nbsp;&nbsp; 335 | 340876 |
| 6.00%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1560 | 1547584 |
| 6.14%, 06/13/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 750 | 777082 |
| Americo Life, Inc., 3.45%, 04/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 803 | 724615 |
| AmFam Holdings, Inc. |  |  |
| 2.81%, 03/11/31<sup>(b)</sup> | &nbsp;&nbsp; 935 | 830598 |
| 3.83%, 03/11/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 891 | 627842 |
| Aon Corp. |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 1788 | 1694310 |
| 3.75%, 05/02/29 | &nbsp;&nbsp; 1558 | 1544443 |
| 4.50%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 907 | 919819 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 6.25%, 09/30/40 | &nbsp;&nbsp; $835 | $919869 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 2.05%, 08/23/31<sup>(a)</sup> | &nbsp;&nbsp; 765 | 682359 |
| 2.60%, 12/02/31 | &nbsp;&nbsp; 930 | 847285 |
| 2.85%, 05/28/27 | &nbsp;&nbsp; 1045 | 1030368 |
| 2.90%, 08/23/51 | &nbsp;&nbsp; 1251 | 778252 |
| 3.90%, 02/28/52 | &nbsp;&nbsp; 1947 | 1458874 |
| 5.00%, 09/12/32 | &nbsp;&nbsp; 1140 | 1177173 |
| 5.35%, 02/28/33 | &nbsp;&nbsp; 1480 | 1548705 |
| Aon Global Ltd. |  |  |
| 4.25%, 12/12/42<sup>(a)</sup> | &nbsp;&nbsp; 550 | 470751 |
| 4.45%, 05/24/43 | &nbsp;&nbsp; 296 | 258964 |
| 4.60%, 06/14/44 | &nbsp;&nbsp; 1015 | 891414 |
| 4.75%, 05/15/45 | &nbsp;&nbsp; 1055 | 936100 |
| Aon North America, Inc. |  |  |
| 5.15%, 03/01/29 | &nbsp;&nbsp; 1605 | 1654961 |
| 5.30%, 03/01/31 | &nbsp;&nbsp; 1140 | 1189907 |
| 5.45%, 03/01/34 | &nbsp;&nbsp; 3130 | 3265688 |
| 5.75%, 03/01/54<sup>(a)</sup> | &nbsp;&nbsp; 3725 | 3687009 |
| Arch Capital Finance LLC, 5.03%, 12/15/46 | &nbsp;&nbsp; 929 | 875225 |
| Arch Capital Group Ltd. |  |  |
| 3.64%, 06/30/50 | &nbsp;&nbsp; 1502 | 1119572 |
| 7.35%, 05/01/34 | &nbsp;&nbsp; 578 | 674083 |
| Arch Capital Group U.S., Inc., 5.14%, 11/01/43 | &nbsp;&nbsp; 997 | 957980 |
| Arthur J Gallagher & Co. |  |  |
| 2.40%, 11/09/31 | &nbsp;&nbsp; 668 | 598016 |
| 3.05%, 03/09/52<sup>(a)</sup> | &nbsp;&nbsp; 1271 | 808519 |
| 3.50%, 05/20/51 | &nbsp;&nbsp; 1900 | 1319973 |
| 4.60%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1460 | 1476395 |
| 4.85%, 12/15/29 | &nbsp;&nbsp; 1415 | 1449696 |
| 5.00%, 02/15/32 | &nbsp;&nbsp; 1145 | 1170179 |
| 5.15%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2805 | 2843390 |
| 5.45%, 07/15/34 | &nbsp;&nbsp; 265 | 274835 |
| 5.50%, 03/02/33 | &nbsp;&nbsp; 745 | 776775 |
| 5.55%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 2455 | 2348930 |
| 5.75%, 03/02/53 | &nbsp;&nbsp; 859 | 835175 |
| 5.75%, 07/15/54 | &nbsp;&nbsp; 1005 | 986874 |
| 6.50%, 02/15/34 | &nbsp;&nbsp; 835 | 920795 |
| 6.75%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1230 | 1345418 |
| Ascot Group Ltd. |  |  |
| 4.25%, 12/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 606 | 571754 |
| 6.35%, 06/15/35, (5-year CMT + 2.38%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 625 | 646288 |
| Assurant, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 810 | 726905 |
| 3.70%, 02/22/30 | &nbsp;&nbsp; 1126 | 1099185 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 770 | 779682 |
| 5.55%, 02/15/36 | &nbsp;&nbsp; 555 | 563884 |
| 6.75%, 02/15/34 | &nbsp;&nbsp; 590 | 653258 |
| Assured Guaranty Municipal Holdings, Inc., <br> 6.40%, 12/15/66, (3-mo. CME Term SOFR <br> US + 2.48%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 505 | 478283 |
| Assured Guaranty U.S. Holdings, Inc. |  |  |
| 3.15%, 06/15/31 | &nbsp;&nbsp; 1275 | 1201693 |
| 3.60%, 09/15/51 | &nbsp;&nbsp; 1007 | 712705 |
| 6.13%, 09/15/28 | &nbsp;&nbsp; 545 | 570470 |
| Athene Global Funding |  |  |
| 1.99%, 08/19/28<sup>(b)</sup> | &nbsp;&nbsp; 1350 | 1276493 |
| 2.45%, 08/20/27<sup>(b)</sup> | &nbsp;&nbsp; 770 | 750988 |
| 2.50%, 03/24/28<sup>(b)</sup> | &nbsp;&nbsp; 1267 | 1221078 |
| 2.55%, 11/19/30<sup>(b)</sup> | &nbsp;&nbsp; 1215 | 1096467 |
| 2.65%, 10/04/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 980 | 872805 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 2.67%, 06/07/31<sup>(b)</sup> | &nbsp;&nbsp; $1291 | $1147419 |
| 2.72%, 01/07/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 965 | 916284 |
| 4.72%, 10/08/29<sup>(b)</sup> | &nbsp;&nbsp; 1240 | 1240659 |
| 4.83%, 05/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 955 | 964836 |
| 5.03%, 07/17/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1280 | 1287296 |
| 5.32%, 11/13/31<sup>(b)</sup> | &nbsp;&nbsp; 1300 | 1319440 |
| 5.35%, 07/09/27<sup>(b)</sup> | &nbsp;&nbsp; 880 | 893380 |
| 5.38%, 01/07/30<sup>(b)</sup> | &nbsp;&nbsp; 1055 | 1070934 |
| 5.52%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp; 1655 | 1679365 |
| 5.53%, 07/11/31<sup>(b)</sup> | &nbsp;&nbsp; 1020 | 1052282 |
| 5.54%, 08/22/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1250 | 1244847 |
| 5.58%, 01/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1905 | 1947378 |
| Athene Holding Ltd. |  |  |
| 3.45%, 05/15/52<sup>(a)</sup> | &nbsp;&nbsp; 299 | 184839 |
| 3.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1165 | 1099527 |
| 3.95%, 05/25/51<sup>(a)</sup> | &nbsp;&nbsp; 1180 | 807924 |
| 4.13%, 01/12/28 | &nbsp;&nbsp; 1855 | 1848673 |
| 5.88%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1325 | 1348556 |
| 6.15%, 04/03/30<sup>(a)</sup> | &nbsp;&nbsp; 1200 | 1257342 |
| 6.25%, 04/01/54<sup>(a)</sup> | &nbsp;&nbsp; 2170 | 2024495 |
| 6.63%, 10/15/54, (5-year CMT + 2.61%)<sup>(d)</sup> | &nbsp;&nbsp; 1260 | 1210971 |
| 6.63%, 05/19/55<sup>(a)</sup> | &nbsp;&nbsp; 1885 | 1844494 |
| 6.65%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 975 | 1036791 |
| 6.88%, 06/28/55, (5-year CMT + 2.58%)<sup>(d)</sup> | &nbsp;&nbsp; 1200 | 1155773 |
| Augustar Life Insurance Co., 6.88%, <br> 06/15/42<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 405 | 397876 |
| AXA SA, 8.60%, 12/15/30 | &nbsp;&nbsp; 455 | 534974 |
| Axis Specialty Finance LLC |  |  |
| 3.90%, 07/15/29 | &nbsp;&nbsp; 828 | 823778 |
| 4.90%, 01/15/40, (5-year CMT + 3.19%)<sup>(d)</sup> | &nbsp;&nbsp; 607 | 597730 |
| Axis Specialty Finance PLC |  |  |
| 4.00%, 12/06/27 | &nbsp;&nbsp; 825 | 822696 |
| 5.15%, 04/01/45 | &nbsp;&nbsp; 540 | 503787 |
| Beacon Funding Trust, 6.27%, 08/15/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 2310 | 2351414 |
| Belrose Funding Trust II, 6.79%, 05/15/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 1730 | 1762769 |
| Berkshire Hathaway Finance Corp. |  |  |
| 1.45%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1462 | 1318674 |
| 1.85%, 03/12/30 | &nbsp;&nbsp; 892 | 827913 |
| 2.30%, 03/15/27 | &nbsp;&nbsp; 1365 | 1346249 |
| 2.50%, 01/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1510 | 911115 |
| 2.85%, 10/15/50 | &nbsp;&nbsp; 3650 | 2363452 |
| 2.88%, 03/15/32 | &nbsp;&nbsp; 2067 | 1949090 |
| 3.85%, 03/15/52 | &nbsp;&nbsp; 4815 | 3742111 |
| 4.20%, 08/15/48 | &nbsp;&nbsp; 3998 | 3369646 |
| 4.25%, 01/15/49 | &nbsp;&nbsp; 3969 | 3357626 |
| 4.30%, 05/15/43<sup>(a)</sup> | &nbsp;&nbsp; 900 | 815805 |
| 4.40%, 05/15/42 | &nbsp;&nbsp; 1351 | 1248115 |
| 5.75%, 01/15/40<sup>(a)</sup> | &nbsp;&nbsp; 1345 | 1476720 |
| Berkshire Hathaway, Inc., 4.50%, 02/11/43<sup>(a)</sup> | &nbsp;&nbsp; 1755 | 1651144 |
| Brighthouse Financial Global Funding |  |  |
| 2.00%, 06/28/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 638 | 599966 |
| 5.55%, 04/09/27<sup>(b)</sup> | &nbsp;&nbsp; 380 | 384181 |
| 5.65%, 06/10/29<sup>(b)</sup> | &nbsp;&nbsp; 560 | 571629 |
| Brighthouse Financial, Inc. |  |  |
| 3.70%, 06/22/27<sup>(a)</sup> | &nbsp;&nbsp; 840 | 829557 |
| 3.85%, 12/22/51 | &nbsp;&nbsp; 580 | 337504 |
| 4.70%, 06/22/47<sup>(a)</sup> | &nbsp;&nbsp; 989 | 691885 |
| 5.63%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1014 | 1023820 |
| Brown & Brown, Inc. |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 1808 | 1624393 |
| 4.20%, 03/17/32 | &nbsp;&nbsp; 1205 | 1161686 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.50%, 03/15/29 | &nbsp;&nbsp; $1020 | $1024570 |
| 4.70%, 06/23/28 | &nbsp;&nbsp; 1010 | 1019551 |
| 4.90%, 06/23/30<sup>(a)</sup> | &nbsp;&nbsp; 825 | 838664 |
| 4.95%, 03/17/52 | &nbsp;&nbsp; 1370 | 1176444 |
| 5.25%, 06/23/32 | &nbsp;&nbsp; 1140 | 1161457 |
| 5.55%, 06/23/35 | &nbsp;&nbsp; 1495 | 1525285 |
| 5.65%, 06/11/34 | &nbsp;&nbsp; 1335 | 1374074 |
| 6.25%, 06/23/55<sup>(a)</sup> | &nbsp;&nbsp; 1890 | 1930183 |
| Chubb INA Holdings LLC |  |  |
| 1.38%, 09/15/30 | &nbsp;&nbsp; 1955 | 1743601 |
| 2.85%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1195 | 775551 |
| 3.05%, 12/15/61 | &nbsp;&nbsp; 1985 | 1243489 |
| 4.15%, 03/13/43 | &nbsp;&nbsp; 1055 | 925144 |
| 4.35%, 11/03/45 | &nbsp;&nbsp; 2792 | 2461384 |
| 4.65%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1840 | 1888607 |
| 4.90%, 08/15/35 | &nbsp;&nbsp; 1565 | 1586149 |
| 5.00%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3095 | 3185725 |
| 6.00%, 05/11/37 | &nbsp;&nbsp; 1095 | 1200807 |
| 6.70%, 05/15/36<sup>(a)</sup> | &nbsp;&nbsp; 750 | 864390 |
| Series 1, 6.50%, 05/15/38 | &nbsp;&nbsp; 1190 | 1361423 |
| Cincinnati Financial Corp. |  |  |
| 6.13%, 11/01/34 | &nbsp;&nbsp; 660 | 713061 |
| 6.92%, 05/15/28 | &nbsp;&nbsp; 755 | 801389 |
| CNA Financial Corp. |  |  |
| 2.05%, 08/15/30 | &nbsp;&nbsp; 1200 | 1092213 |
| 3.45%, 08/15/27 | &nbsp;&nbsp; 993 | 985186 |
| 3.90%, 05/01/29 | &nbsp;&nbsp; 1494 | 1483525 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 680 | 690032 |
| 5.20%, 08/15/35 | &nbsp;&nbsp; 795 | 799756 |
| 5.50%, 06/15/33 | &nbsp;&nbsp; 660 | 688684 |
| CNO Financial Group, Inc. |  |  |
| 5.25%, 05/30/29 | &nbsp;&nbsp; 1019 | 1034563 |
| 6.45%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1170 | 1219814 |
| CNO Global Funding |  |  |
| 2.65%, 01/06/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1070 | 1023260 |
| 4.38%, 09/08/28<sup>(b)</sup> | &nbsp;&nbsp; 280 | 280419 |
| 4.70%, 12/11/30<sup>(b)</sup> | &nbsp;&nbsp; 595 | 596214 |
| 4.88%, 12/10/27<sup>(b)</sup> | &nbsp;&nbsp; 350 | 353373 |
| 4.95%, 09/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1265 | 1287670 |
| 5.88%, 06/04/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 720 | 734025 |
| Constellation Insurance, Inc., 6.80%, <br> 01/24/30<sup>(b)</sup><br>| &nbsp;&nbsp; 1125 | 1145290 |
| Corebridge Financial, Inc. |  |  |
| 3.65%, 04/05/27 | &nbsp;&nbsp; 1950 | 1939766 |
| 3.85%, 04/05/29 | &nbsp;&nbsp; 2380 | 2352770 |
| 3.90%, 04/05/32 | &nbsp;&nbsp; 2575 | 2445405 |
| 4.35%, 04/05/42 | &nbsp;&nbsp; 1175 | 1000832 |
| 4.40%, 04/05/52<sup>(a)</sup> | &nbsp;&nbsp; 2205 | 1755411 |
| 5.75%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1865 | 1929171 |
| 6.05%, 09/15/33 | &nbsp;&nbsp; 1340 | 1429703 |
| 6.38%, 09/15/54, (5-year CMT + 2.65%)<sup>(d)</sup> | &nbsp;&nbsp; 1280 | 1280381 |
| 6.88%, 12/15/52, (5-year CMT + 3.85%)<sup>(d)</sup> | &nbsp;&nbsp; 1685 | 1721698 |
| Corebridge Global Funding |  |  |
| 4.25%, 08/21/28<sup>(b)</sup> | &nbsp;&nbsp; 730 | 732259 |
| 4.45%, 10/02/30<sup>(b)</sup> | &nbsp;&nbsp; 1065 | 1067633 |
| 4.55%, 01/09/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 425 | 426321 |
| 4.65%, 08/20/27<sup>(b)</sup> | &nbsp;&nbsp; 1495 | 1508979 |
| 4.85%, 06/06/30<sup>(b)</sup> | &nbsp;&nbsp; 1145 | 1166581 |
| 4.90%, 01/07/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1325 | 1347490 |
| 4.90%, 12/03/29<sup>(b)</sup> | &nbsp;&nbsp; 1550 | 1584229 |
| 4.90%, 08/21/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 580 | 584297 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.20%, 01/12/29<sup>(a)(b)</sup> | &nbsp;&nbsp; $940 | $967707 |
| 5.20%, 06/24/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1425 | 1463929 |
| 5.90%, 09/19/28<sup>(b)</sup> | &nbsp;&nbsp; 895 | 934124 |
| Dai-Ichi Life Insurance Co. Ltd. (The), 6.20%, <br> (5-year CMT + 2.52%)<sup>(b)(d)(e)</sup><br>| &nbsp;&nbsp; 3545 | 3695007 |
| DaVinciRe Holdings Ltd., 5.95%, 04/15/35<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25598 |
| Doctors Co. An Interinsurance Exchange (The), <br> 4.50%, 01/18/32<sup>(b)</sup><br>| &nbsp;&nbsp; 735 | 670894 |
| Empower Finance 2020 LP |  |  |
| 1.36%, 09/17/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 213 | 204849 |
| 1.78%, 03/17/31<sup>(b)</sup> | &nbsp;&nbsp; 1542 | 1374658 |
| 3.08%, 09/17/51<sup>(b)</sup> | &nbsp;&nbsp; 1280 | 855349 |
| Enstar Group Ltd. |  |  |
| 3.10%, 09/01/31 | &nbsp;&nbsp; 1305 | 1174950 |
| 4.95%, 06/01/29 | &nbsp;&nbsp; 1570 | 1591500 |
| 7.50%, 04/01/45, (5-year CMT + <br> 3.19%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 470 | 489609 |
| Equitable Financial Life Global Funding |  |  |
| 1.40%, 08/27/27<sup>(b)</sup> | &nbsp;&nbsp; 852 | 821274 |
| 1.75%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1157 | 1021649 |
| 1.80%, 03/08/28<sup>(b)</sup> | &nbsp;&nbsp; 1310 | 1251915 |
| 4.88%, 11/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1140 | 1157747 |
| 5.00%, 03/27/30<sup>(b)</sup> | &nbsp;&nbsp; 450 | 460942 |
| 5.45%, 03/03/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 840 | 861109 |
| Equitable Holdings, Inc. |  |  |
| 4.35%, 04/20/28<sup>(a)</sup> | &nbsp;&nbsp; 1968 | 1977888 |
| 4.57%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1422 | 1427224 |
| 5.00%, 04/20/48 | &nbsp;&nbsp; 2257 | 2001762 |
| 5.59%, 01/11/33<sup>(a)</sup> | &nbsp;&nbsp; 920 | 958328 |
| 6.70%, 03/28/55, (5-year CMT + 2.39%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 885 | 922630 |
| 7.00%, 04/01/28 | &nbsp;&nbsp; 155 | 162811 |
| Essent Group Ltd., 6.25%, 07/01/29 | &nbsp;&nbsp; 655 | 689267 |
| Everest Reinsurance Holdings, Inc. |  |  |
| 3.13%, 10/15/52 | &nbsp;&nbsp; 1755 | 1121100 |
| 3.50%, 10/15/50 | &nbsp;&nbsp; 1560 | 1090842 |
| 4.87%, 06/01/44 | &nbsp;&nbsp; 930 | 825848 |
| F&G Annuities & Life, Inc. |  |  |
| 6.25%, 10/04/34<sup>(a)</sup> | &nbsp;&nbsp; 1010 | 961273 |
| 6.50%, 06/04/29 | &nbsp;&nbsp; 1265 | 1302124 |
| 7.40%, 01/13/28 | &nbsp;&nbsp; 925 | 959762 |
| F&G Global Funding |  |  |
| 2.00%, 09/20/28<sup>(b)</sup> | &nbsp;&nbsp; 1075 | 1009630 |
| 2.30%, 04/11/27<sup>(b)</sup> | &nbsp;&nbsp; 765 | 749166 |
| 4.50%, 01/09/29<sup>(b)</sup> | &nbsp;&nbsp; 385 | 381936 |
| 4.65%, 09/08/28<sup>(b)</sup> | &nbsp;&nbsp; 925 | 922154 |
| 5.88%, 06/10/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 715 | 726127 |
| 5.88%, 01/16/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 585 | 602661 |
| Fairfax Financial Holdings Ltd. |  |  |
| 3.38%, 03/03/31 | &nbsp;&nbsp; 955 | 910303 |
| 4.63%, 04/29/30<sup>(a)</sup> | &nbsp;&nbsp; 1121 | 1134005 |
| 4.85%, 04/17/28 | &nbsp;&nbsp; 1209 | 1226917 |
| 5.63%, 08/16/32 | &nbsp;&nbsp; 1255 | 1314801 |
| 5.75%, 05/20/35 | &nbsp;&nbsp; 535 | 557973 |
| 6.00%, 12/07/33 | &nbsp;&nbsp; 970 | 1036847 |
| 6.10%, 03/15/55 | &nbsp;&nbsp; 680 | 680978 |
| 6.35%, 03/22/54<sup>(a)</sup> | &nbsp;&nbsp; 1775 | 1840273 |
| 6.50%, 05/20/55 | &nbsp;&nbsp; 500 | 533563 |
| Farmers Exchange Capital, 7.05%, <br> 07/15/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 640 | 669355 |
| Farmers Exchange Capital II, 6.15%, 11/01/53, <br> (3-mo. CME Term SOFR + 4.01%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 475 | 468559 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Farmers Exchange Capital III, 5.45%, 10/15/54, <br> (3-mo. CME Term SOFR + 3.72%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; $760 | $715919 |
| Farmers Insurance Exchange, 4.75%, <br> 11/01/57<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 576 | 490801 |
| Fidelis Insurance Holdings Ltd., 4.88%, <br> 06/30/30<sup>(b)</sup><br>| &nbsp;&nbsp; 100 | 99838 |
| Fidelity National Financial, Inc. |  |  |
| 2.45%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1292 | 1157177 |
| 3.20%, 09/17/51 | &nbsp;&nbsp; 800 | 499896 |
| 3.40%, 06/15/30 | &nbsp;&nbsp; 1370 | 1303586 |
| 4.50%, 08/15/28 | &nbsp;&nbsp; 1237 | 1246129 |
| First American Financial Corp. |  |  |
| 2.40%, 08/15/31 | &nbsp;&nbsp; 1332 | 1173418 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 1170 | 1137133 |
| 5.45%, 09/30/34<sup>(a)</sup> | &nbsp;&nbsp; 920 | 925888 |
| Five Corners Funding Trust II, 2.85%, <br> 05/15/30<sup>(b)</sup><br>| &nbsp;&nbsp; 2725 | 2584587 |
| Five Corners Funding Trust III, 5.79%, <br> 02/15/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1500 | 1588434 |
| Five Corners Funding Trust IV, 6.00%, <br> 02/15/53<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1120 | 1154387 |
| Fortitude Global Funding, 4.63%, 10/06/28<sup>(b)</sup> | &nbsp;&nbsp; 650 | 652105 |
| Fortitude Group Holdings LLC, 6.25%, <br> 04/01/30<sup>(b)</sup><br>| &nbsp;&nbsp; 1110 | 1152910 |
| FWD Group Holdings Ltd., 5.84%, 09/22/35<sup>(b)</sup> | &nbsp;&nbsp; 1500 | 1541841 |
| GA Global Funding Trust |  |  |
| 1.95%, 09/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1182 | 1116173 |
| 2.90%, 01/06/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1415 | 1253883 |
| 4.40%, 09/23/27<sup>(b)</sup> | &nbsp;&nbsp; 1345 | 1349331 |
| 4.50%, 09/18/30<sup>(b)</sup> | &nbsp;&nbsp; 940 | 924859 |
| 5.20%, 12/09/31<sup>(b)</sup> | &nbsp;&nbsp; 740 | 746909 |
| 5.40%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp; 1300 | 1332096 |
| 5.50%, 01/08/29<sup>(b)</sup> | &nbsp;&nbsp; 1140 | 1168562 |
| 5.50%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 785 | 794604 |
| 5.90%, 01/13/35<sup>(b)</sup> | &nbsp;&nbsp; 1020 | 1034103 |
| Global Atlantic Fin Co. |  |  |
| 3.13%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1970 | 1775445 |
| 4.40%, 10/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1258 | 1238103 |
| 6.75%, 03/15/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 1340 | 1260057 |
| 7.95%, 06/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1096 | 1199308 |
| Globe Life, Inc. |  |  |
| 2.15%, 08/15/30 | &nbsp;&nbsp; 1062 | 968763 |
| 4.55%, 09/15/28 | &nbsp;&nbsp; 1335 | 1345918 |
| 4.80%, 06/15/32 | &nbsp;&nbsp; 595 | 601216 |
| 5.85%, 09/15/34 | &nbsp;&nbsp; 690 | 723691 |
| Great-West Lifeco Finance 2018 LP |  |  |
| 4.05%, 05/17/28<sup>(b)</sup> | &nbsp;&nbsp; 705 | 704235 |
| 4.58%, 05/17/48<sup>(b)</sup> | &nbsp;&nbsp; 993 | 876224 |
| Great-West Lifeco Finance Delaware LP, <br> 4.15%, 06/03/47<sup>(b)</sup><br>| &nbsp;&nbsp; 1320 | 1099892 |
| Guardian Life Global Funding |  |  |
| 1.25%, 11/19/27<sup>(b)</sup> | &nbsp;&nbsp; 725 | 694473 |
| 1.40%, 07/06/27<sup>(b)</sup> | &nbsp;&nbsp; 730 | 706850 |
| 1.63%, 09/16/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 665 | 626824 |
| 3.25%, 03/29/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 620 | 616594 |
| 4.07%, 09/05/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 685 | 687708 |
| 4.18%, 09/26/29<sup>(b)</sup> | &nbsp;&nbsp; 905 | 909455 |
| 4.33%, 10/06/30<sup>(b)</sup> | &nbsp;&nbsp; 465 | 468441 |
| 4.40%, 12/11/30<sup>(b)</sup> | &nbsp;&nbsp; 60 | 60612 |
| 4.67%, 09/05/32<sup>(b)</sup> | &nbsp;&nbsp; 70 | 70749 |
| 4.80%, 04/28/30<sup>(b)</sup> | &nbsp;&nbsp; 1300 | 1333400 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.55%, 10/28/27<sup>(a)(b)</sup> | &nbsp;&nbsp; $1130 | $1160919 |
| 5.74%, 10/02/28<sup>(b)</sup> | &nbsp;&nbsp; 905 | 946033 |
| Guardian Life Insurance Co. of America(The) |  |  |
| 3.70%, 01/22/70<sup>(b)</sup> | &nbsp;&nbsp; 696 | 475269 |
| 4.85%, 01/24/77<sup>(b)</sup> | &nbsp;&nbsp; 1031 | 867363 |
| 4.88%, 06/19/64<sup>(b)</sup> | &nbsp;&nbsp; 570 | 500677 |
| Hanover Insurance Group, Inc.(The) |  |  |
| 2.50%, 09/01/30 | &nbsp;&nbsp; 918 | 848211 |
| 2.80%, 08/19/29 | &nbsp;&nbsp; 1684 | 1620219 |
| 2.90%, 09/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1110 | 716497 |
| 3.60%, 08/19/49 | &nbsp;&nbsp; 1655 | 1233518 |
| 4.30%, 04/15/43 | &nbsp;&nbsp; 663 | 586595 |
| 4.40%, 03/15/48 | &nbsp;&nbsp; 1016 | 870453 |
| 5.50%, 09/01/35 | &nbsp;&nbsp; 400 | 408461 |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 693 | 750109 |
| 6.10%, 10/01/41 | &nbsp;&nbsp; 702 | 765250 |
| 6.63%, 03/30/40<sup>(a)</sup> | &nbsp;&nbsp; 722 | 817024 |
| Henneman Trust, 6.58%, 05/15/55<sup>(b)</sup> | &nbsp;&nbsp; 920 | 951958 |
| High Street Funding Trust III, 5.81%, <br> 02/15/55<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 885 | 862628 |
| Horace Mann Educators Corp. |  |  |
| 4.70%, 10/01/30 | &nbsp;&nbsp; 500 | 501940 |
| 7.25%, 09/15/28 | &nbsp;&nbsp; 265 | 283945 |
| Intact Financial Corp., 5.46%, 09/22/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 870 | 914821 |
| Jackson Financial, Inc. |  |  |
| 3.13%, 11/23/31 | &nbsp;&nbsp; 1545 | 1407341 |
| 4.00%, 11/23/51 | &nbsp;&nbsp; 1165 | 787742 |
| 5.17%, 06/08/27 | &nbsp;&nbsp; 612 | 619443 |
| 5.67%, 06/08/32<sup>(a)</sup> | &nbsp;&nbsp; 580 | 593128 |
| Jackson National Life Global Funding |  |  |
| 3.05%, 06/21/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 817 | 783159 |
| 4.55%, 09/09/30<sup>(b)</sup> | &nbsp;&nbsp; 470 | 470341 |
| 4.60%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 675 | 677288 |
| 5.25%, 04/12/28<sup>(b)</sup> | &nbsp;&nbsp; 940 | 958675 |
| 5.35%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp; 1530 | 1576702 |
| 5.55%, 07/02/27<sup>(b)</sup> | &nbsp;&nbsp; 70 | 71266 |
| Jackson National Life Insurance Co., 8.15%, <br> 03/15/27<sup>(b)</sup><br>| &nbsp;&nbsp; 660 | 681327 |
| Kemper Corp. |  |  |
| 2.40%, 09/30/30<sup>(a)</sup> | &nbsp;&nbsp; 1035 | 910343 |
| 3.80%, 02/23/32<sup>(a)</sup> | &nbsp;&nbsp; 510 | 469919 |
| Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52, <br> (5-year CMT + 2.89%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 160 | 162854 |
| Liberty Mutual Group, Inc. |  |  |
| 3.95%, 10/15/50<sup>(b)</sup> | &nbsp;&nbsp; 2841 | 2125820 |
| 3.95%, 05/15/60<sup>(b)</sup> | &nbsp;&nbsp; 1269 | 899690 |
| 4.57%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 2271 | 2285670 |
| 4.85%, 08/01/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 1165 | 1043085 |
| 5.50%, 06/15/52<sup>(b)</sup> | &nbsp;&nbsp; 1735 | 1633163 |
| 6.50%, 03/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 572 | 621058 |
| 6.50%, 05/01/42<sup>(b)</sup> | &nbsp;&nbsp; 830 | 854266 |
| Liberty Mutual Insurance Co., 7.70%, <br> 10/15/97<sup>(b)</sup><br>| &nbsp;&nbsp; 125 | 142254 |
| Lincoln Financial Global Funding |  |  |
| 4.20%, 01/12/29<sup>(b)</sup> | &nbsp;&nbsp; 500 | 498646 |
| 4.63%, 05/28/28<sup>(b)</sup> | &nbsp;&nbsp; 1440 | 1448363 |
| 4.63%, 08/18/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 710 | 712440 |
| 5.30%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp; 465 | 477737 |
| Lincoln National Corp. |  |  |
| 2.33%, 08/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2193 | 1983107 |
| 3.05%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1338 | 1272070 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 3.40%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; $990 | $931455 |
| 3.40%, 03/01/32 | &nbsp;&nbsp; 595 | 546763 |
| 3.80%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 806 | 798426 |
| 4.35%, 03/01/48 | &nbsp;&nbsp; 228 | 180265 |
| 5.35%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 740 | 722470 |
| 5.85%, 03/15/34 | &nbsp;&nbsp; 1360 | 1402822 |
| 6.30%, 10/09/37<sup>(a)</sup> | &nbsp;&nbsp; 884 | 924478 |
| 7.00%, 06/15/40 | &nbsp;&nbsp; 739 | 787010 |
| Loews Corp. |  |  |
| 3.20%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1560 | 1505289 |
| 4.13%, 05/15/43 | &nbsp;&nbsp; 1079 | 930458 |
| 4.94%, 04/01/36 | &nbsp;&nbsp; 675 | 673361 |
| 6.00%, 02/01/35<sup>(a)</sup> | &nbsp;&nbsp; 325 | 354346 |
| Manulife Financial Corp. |  |  |
| 2.48%, 05/19/27 | &nbsp;&nbsp; 385 | 378888 |
| 3.70%, 03/16/32 | &nbsp;&nbsp; 1450 | 1403844 |
| 4.99%, 12/11/35 | &nbsp;&nbsp; 880 | 883001 |
| 5.38%, 03/04/46 | &nbsp;&nbsp; 1515 | 1508121 |
| Maple Grove Funding Trust I, 4.16%, <br> 08/15/51<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1205 | 890156 |
| Markel Group, Inc. |  |  |
| 3.35%, 09/17/29 | &nbsp;&nbsp; 1211 | 1178169 |
| 3.45%, 05/07/52 | &nbsp;&nbsp; 1300 | 894800 |
| 3.50%, 11/01/27 | &nbsp;&nbsp; 757 | 749911 |
| 4.15%, 09/17/50 | &nbsp;&nbsp; 946 | 743113 |
| 4.30%, 11/01/47 | &nbsp;&nbsp; 711 | 582405 |
| 5.00%, 03/30/43<sup>(a)</sup> | &nbsp;&nbsp; 410 | 381253 |
| 5.00%, 04/05/46 | &nbsp;&nbsp; 646 | 591796 |
| 5.00%, 05/20/49 | &nbsp;&nbsp; 1125 | 1013275 |
| 6.00%, 05/16/54 | &nbsp;&nbsp; 910 | 926555 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.25%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1450 | 1330436 |
| 2.38%, 12/15/31 | &nbsp;&nbsp; 1185 | 1068768 |
| 2.90%, 12/15/51 | &nbsp;&nbsp; 705 | 448167 |
| 4.20%, 03/01/48 | &nbsp;&nbsp; 1501 | 1230025 |
| 4.35%, 01/30/47 | &nbsp;&nbsp; 929 | 783951 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 2622 | 2649277 |
| 4.55%, 11/08/27 | &nbsp;&nbsp; 1455 | 1468384 |
| 4.65%, 03/15/30 | &nbsp;&nbsp; 1980 | 2019498 |
| 4.75%, 03/15/39 | &nbsp;&nbsp; 1448 | 1403396 |
| 4.85%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1405 | 1445548 |
| 4.90%, 03/15/49 | &nbsp;&nbsp; 2411 | 2188821 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 900 | 908001 |
| 5.00%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3450 | 3512334 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 1050 | 1083561 |
| 5.35%, 11/15/44 | &nbsp;&nbsp; 1230 | 1194275 |
| 5.40%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1050 | 1105460 |
| 5.40%, 03/15/55 | &nbsp;&nbsp; 1790 | 1715224 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 1150 | 1106710 |
| 5.45%, 03/15/54 | &nbsp;&nbsp; 1330 | 1286609 |
| 5.70%, 09/15/53 | &nbsp;&nbsp; 1620 | 1619209 |
| 5.75%, 11/01/32 | &nbsp;&nbsp; 885 | 947311 |
| 5.88%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 540 | 584240 |
| 6.25%, 11/01/52<sup>(a)</sup> | &nbsp;&nbsp; 870 | 931972 |
| Massachusetts Mutual Life Insurance Co. |  |  |
| 3.20%, 12/01/61<sup>(b)</sup> | &nbsp;&nbsp; 1040 | 639465 |
| 3.38%, 04/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1148 | 794904 |
| 3.73%, 10/15/70<sup>(b)</sup> | &nbsp;&nbsp; 1300 | 848899 |
| 4.50%, 04/15/65<sup>(b)</sup> | &nbsp;&nbsp; 505 | 395527 |
| 4.90%, 04/01/77<sup>(b)</sup> | &nbsp;&nbsp; 633 | 523667 |
| 5.08%, 02/15/69<sup>(b)(d)</sup> | &nbsp;&nbsp; 1765 | 1609663 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.38%, 12/01/41<sup>(a)(b)</sup> | &nbsp;&nbsp; $637 | $603838 |
| 5.67%, 12/01/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 615 | 607695 |
| MassMutual Global Funding II |  |  |
| 1.55%, 10/09/30<sup>(b)</sup> | &nbsp;&nbsp; 1563 | 1390007 |
| 2.15%, 03/09/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 953 | 862336 |
| 4.00%, 01/22/29<sup>(b)</sup> | &nbsp;&nbsp; 755 | 756514 |
| 4.30%, 10/22/27<sup>(b)</sup> | &nbsp;&nbsp; 300 | 302700 |
| 4.35%, 09/17/31<sup>(b)</sup> | &nbsp;&nbsp; 1425 | 1424679 |
| 4.45%, 03/27/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1090 | 1103632 |
| 4.55%, 05/07/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1580 | 1607485 |
| 4.85%, 01/17/29<sup>(b)</sup> | &nbsp;&nbsp; 1280 | 1313156 |
| 4.95%, 01/10/30<sup>(b)</sup> | &nbsp;&nbsp; 1195 | 1229505 |
| 5.05%, 12/07/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1460 | 1489940 |
| 5.05%, 06/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1405 | 1441795 |
| 5.05%, 08/26/35<sup>(b)</sup> | &nbsp;&nbsp; 1150 | 1165894 |
| 5.10%, 04/09/27<sup>(b)</sup> | &nbsp;&nbsp; 1275 | 1293523 |
| 5.15%, 05/30/29<sup>(b)</sup> | &nbsp;&nbsp; 1045 | 1081426 |
| Meiji Yasuda Life Insurance Co. |  |  |
| 5.10%, 04/26/48, (5-year USD ICE Swap + <br> 3.15%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 1000 | 1016190 |
| 5.80%, 09/11/54, (5-year CMT + 3.03%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2350 | 2395924 |
| 6.10%, 06/11/55, (5-year CMT + <br> 2.91%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 3775 | 3910942 |
| Mercury General Corp., 4.40%, 03/15/27 | &nbsp;&nbsp; 773 | 772499 |
| Met Tower Global Funding |  |  |
| 4.00%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp; 855 | 857722 |
| 4.00%, 01/14/29<sup>(b)</sup> | &nbsp;&nbsp; 460 | 460682 |
| 4.20%, 09/16/30<sup>(b)</sup> | &nbsp;&nbsp; 600 | 600386 |
| 4.80%, 01/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 800 | 813313 |
| 5.25%, 04/12/29<sup>(b)</sup> | &nbsp;&nbsp; 895 | 926639 |
| MetLife Capital Trust IV, 7.88%, 12/15/67<sup>(b)</sup> | &nbsp;&nbsp; 1499 | 1666792 |
| MetLife, Inc. |  |  |
| 4.05%, 03/01/45 | &nbsp;&nbsp; 1877 | 1551650 |
| 4.13%, 08/13/42 | &nbsp;&nbsp; 425 | 361112 |
| 4.55%, 03/23/30<sup>(a)</sup> | &nbsp;&nbsp; 1575 | 1611072 |
| 4.60%, 05/13/46 | &nbsp;&nbsp; 1915 | 1700139 |
| 4.72%, 12/15/44 | &nbsp;&nbsp; 1025 | 921842 |
| 4.88%, 11/13/43 | &nbsp;&nbsp; 2124 | 1968247 |
| 5.00%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1990 | 1795728 |
| 5.25%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1725 | 1620530 |
| 5.30%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2020 | 2101482 |
| 5.38%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1615 | 1702503 |
| 5.70%, 06/15/35 | &nbsp;&nbsp; 2066 | 2207706 |
| 5.88%, 02/06/41 | &nbsp;&nbsp; 1826 | 1918847 |
| 6.38%, 06/15/34 | &nbsp;&nbsp; 1068 | 1191351 |
| 6.40%, 12/15/66 | &nbsp;&nbsp; 2499 | 2614681 |
| 6.50%, 12/15/32 | &nbsp;&nbsp; 936 | 1052110 |
| 9.25%, 04/08/68<sup>(a)(b)</sup> | &nbsp;&nbsp; 785 | 935400 |
| 10.75%, 08/01/69<sup>(a)</sup> | &nbsp;&nbsp; 966 | 1279666 |
| Series G, 6.35%, 03/15/55, (5-year CMT + <br> 2.08%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2030 | 2108468 |
| Metropolitan Life Global Funding I |  |  |
| 1.55%, 01/07/31<sup>(b)</sup> | &nbsp;&nbsp; 1650 | 1457847 |
| 2.40%, 01/11/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1105 | 993701 |
| 2.95%, 04/09/30<sup>(b)</sup> | &nbsp;&nbsp; 2140 | 2051871 |
| 3.00%, 09/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1454 | 1436772 |
| 3.05%, 06/17/29<sup>(b)</sup> | &nbsp;&nbsp; 1177 | 1142829 |
| 3.30%, 03/21/29<sup>(b)</sup> | &nbsp;&nbsp; 1170 | 1143777 |
| 3.85%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29904 |
| 4.15%, 08/25/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 665 | 669991 |
| 4.30%, 08/25/29<sup>(b)</sup> | &nbsp;&nbsp; 1505 | 1517721 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.35%, 01/12/31<sup>(a)(b)</sup> | &nbsp;&nbsp; $600 | $604655 |
| 4.40%, 06/30/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 930 | 938024 |
| 4.85%, 01/08/29<sup>(b)</sup> | &nbsp;&nbsp; 1705 | 1747793 |
| 4.90%, 01/09/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1360 | 1398220 |
| 5.05%, 06/11/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 860 | 873571 |
| 5.05%, 01/06/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 945 | 964803 |
| 5.05%, 01/08/34<sup>(b)</sup> | &nbsp;&nbsp; 1085 | 1121437 |
| 5.15%, 03/28/33<sup>(b)</sup> | &nbsp;&nbsp; 1962 | 2039976 |
| 5.40%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp; 950 | 984180 |
| MGIC Investment Corp., 5.25%, 08/15/28 | &nbsp;&nbsp; 390 | 389456 |
| Mitsui Sumitomo Insurance Co. Ltd., 4.95%, <br> (5-year USD Swap + 3.26%)<sup>(a)(b)(d)(e)</sup><br>| &nbsp;&nbsp; 510 | 516235 |
| Muenchener Rueckversicherungs-Gesellschaft <br> AG in Muenchen, 5.88%, 05/23/42, (5-year <br> CMT + 3.98%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 1395 | 1465413 |
| Mutual of Omaha Companies Global Funding |  |  |
| 4.51%, 06/09/28<sup>(b)</sup> | &nbsp;&nbsp; 705 | 710609 |
| 4.55%, 01/13/31<sup>(b)</sup> | &nbsp;&nbsp; 500 | 502834 |
| 4.75%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp; 980 | 997693 |
| 5.35%, 04/09/27<sup>(b)</sup> | &nbsp;&nbsp; 955 | 967983 |
| 5.45%, 12/12/28<sup>(b)</sup> | &nbsp;&nbsp; 1120 | 1157090 |
| Mutual of Omaha Cos Global Funding, 5.00%, <br> 04/01/30<sup>(b)</sup><br>| &nbsp;&nbsp; 945 | 971776 |
| Mutual of Omaha Insurance Co. |  |  |
| 6.14%, 01/16/64, (10-year CMT + <br> 2.95%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 343 | 358348 |
| 6.80%, 06/15/36<sup>(b)</sup> | &nbsp;&nbsp; 175 | 197376 |
| National Life Insurance Co., 5.25%, <br> 07/19/68<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 780 | 653909 |
| Nationwide Financial Services, Inc. |  |  |
| 3.90%, 11/30/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 2145 | 1670940 |
| 5.30%, 11/18/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 865 | 822155 |
| 6.75%, 05/15/87<sup>(a)</sup> | &nbsp;&nbsp; 810 | 818501 |
| Nationwide Mutual Insurance Co. |  |  |
| 4.35%, 04/30/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1934 | 1542818 |
| 4.95%, 04/22/44<sup>(b)</sup> | &nbsp;&nbsp; 752 | 672284 |
| 7.88%, 04/01/33<sup>(b)</sup> | &nbsp;&nbsp; 763 | 867072 |
| 8.25%, 12/01/31<sup>(b)</sup> | &nbsp;&nbsp; 654 | 765182 |
| 9.38%, 08/15/39<sup>(b)</sup> | &nbsp;&nbsp; 1152 | 1548014 |
| New York Life Global Funding |  |  |
| 1.20%, 08/07/30<sup>(b)</sup> | &nbsp;&nbsp; 1350 | 1197310 |
| 1.85%, 08/01/31<sup>(b)</sup> | &nbsp;&nbsp; 1399 | 1243347 |
| 3.00%, 01/10/28<sup>(b)</sup> | &nbsp;&nbsp; 1157 | 1141999 |
| 3.25%, 04/07/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 915 | 910342 |
| 3.90%, 10/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1200 | 1202010 |
| 3.90%, 10/16/28<sup>(b)</sup> | &nbsp;&nbsp; 80 | 79508 |
| 4.05%, 02/02/29<sup>(b)</sup> | &nbsp;&nbsp; 600 | 603319 |
| 4.15%, 07/25/28<sup>(b)</sup> | &nbsp;&nbsp; 985 | 990665 |
| 4.25%, 01/09/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 625 | 630900 |
| 4.40%, 12/13/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 475 | 480531 |
| 4.40%, 04/25/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1415 | 1429867 |
| 4.55%, 01/28/33<sup>(b)</sup> | &nbsp;&nbsp; 2010 | 2026648 |
| 4.60%, 12/05/29<sup>(b)</sup> | &nbsp;&nbsp; 1150 | 1175074 |
| 4.60%, 06/03/30<sup>(b)</sup> | &nbsp;&nbsp; 1395 | 1426030 |
| 4.70%, 01/29/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1535 | 1565846 |
| 4.85%, 01/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1845 | 1880791 |
| 4.90%, 04/02/27<sup>(b)</sup> | &nbsp;&nbsp; 650 | 657916 |
| 4.90%, 06/13/28<sup>(b)</sup> | &nbsp;&nbsp; 964 | 985272 |
| 5.00%, 06/06/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 880 | 909392 |
| 5.00%, 01/09/34<sup>(b)</sup> | &nbsp;&nbsp; 2010 | 2069779 |
| 5.35%, 01/23/35<sup>(b)</sup> | &nbsp;&nbsp; 760 | 800932 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| New York Life Insurance Co. |  |  |
| 3.75%, 05/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; $1966 | $1484478 |
| 4.45%, 05/15/69<sup>(b)</sup> | &nbsp;&nbsp; 1490 | 1182391 |
| 5.88%, 05/15/33<sup>(b)</sup> | &nbsp;&nbsp; 1808 | 1935539 |
| 6.75%, 11/15/39<sup>(b)</sup> | &nbsp;&nbsp; 1741 | 2003200 |
| Nippon Life Insurance Co. |  |  |
| 2.75%, 01/21/51, (5-year CMT + 2.65%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 2800 | 2539387 |
| 2.90%, 09/16/51, (5-year CMT + <br> 2.60%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1210 | 1089815 |
| 3.40%, 01/23/50, (5-year CMT + 2.61%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1977 | 1884895 |
| 4.00%, 09/19/47, (5-year USD ICE Swap + <br> 2.88%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 660 | 655812 |
| 5.95%, 04/16/54, (5-year CMT + <br> 2.59%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2170 | 2261334 |
| 6.25%, 09/13/53, (5-year CMT + 2.95%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1295 | 1377120 |
| 6.50%, 04/30/55, (5-year CMT + <br> 3.19%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 2660 | 2858776 |
| NLG Global Funding |  |  |
| 4.35%, 09/15/30<sup>(b)</sup> | &nbsp;&nbsp; 570 | 569637 |
| 5.40%, 01/23/30<sup>(b)</sup> | &nbsp;&nbsp; 1320 | 1368368 |
| NMI Holdings, Inc., 6.00%, 08/15/29 | &nbsp;&nbsp; 490 | 508150 |
| Northwestern Mutual Global Funding |  |  |
| 1.70%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1235 | 1179409 |
| 3.30%, 04/04/29<sup>(b)</sup> | &nbsp;&nbsp; 100 | 98001 |
| 4.11%, 09/12/27<sup>(b)</sup> | &nbsp;&nbsp; 970 | 974768 |
| 4.13%, 08/25/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 375 | 377484 |
| 4.30%, 01/13/31<sup>(b)</sup> | &nbsp;&nbsp; 690 | 693747 |
| 4.35%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 990 | 998289 |
| 4.49%, 03/21/28<sup>(b)</sup> | &nbsp;&nbsp; 1215 | 1228524 |
| 4.60%, 06/03/30<sup>(b)</sup> | &nbsp;&nbsp; 880 | 896410 |
| 4.71%, 01/10/29<sup>(b)</sup> | &nbsp;&nbsp; 1225 | 1252416 |
| 4.90%, 06/12/28<sup>(b)</sup> | &nbsp;&nbsp; 1665 | 1699961 |
| 4.96%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp; 1125 | 1157855 |
| 5.07%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp; 865 | 876101 |
| 5.16%, 05/28/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1350 | 1408476 |
| Northwestern Mutual Life Insurance Co.(The) |  |  |
| 3.45%, 03/30/51<sup>(b)</sup> | &nbsp;&nbsp; 1570 | 1124219 |
| 3.63%, 09/30/59<sup>(b)</sup> | &nbsp;&nbsp; 2019 | 1440297 |
| 3.85%, 09/30/47<sup>(b)</sup> | &nbsp;&nbsp; 2587 | 2064873 |
| 6.06%, 03/30/40<sup>(b)</sup> | &nbsp;&nbsp; 1470 | 1587838 |
| 6.17%, 05/29/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 1590 | 1715574 |
| Old Republic International Corp. |  |  |
| 3.85%, 06/11/51 | &nbsp;&nbsp; 1067 | 769612 |
| 5.75%, 03/28/34 | &nbsp;&nbsp; 780 | 817342 |
| Omnis Funding Trust, 6.72%, 05/15/55<sup>(b)</sup> | &nbsp;&nbsp; 1755 | 1829328 |
| OneAmerica Financial Partners, Inc., 4.25%, <br> 10/15/50<sup>(b)</sup><br>| &nbsp;&nbsp; 845 | 648876 |
| Pacific Life Global Funding II |  |  |
| 1.45%, 01/20/28<sup>(b)</sup> | &nbsp;&nbsp; 1192 | 1139635 |
| 1.60%, 09/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 707 | 665363 |
| 2.45%, 01/11/32<sup>(b)</sup> | &nbsp;&nbsp; 990 | 897021 |
| 4.38%, 02/03/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 675 | 682993 |
| 4.45%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 225 | 227394 |
| 4.50%, 08/28/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1245 | 1262491 |
| 4.85%, 02/10/30<sup>(b)</sup> | &nbsp;&nbsp; 545 | 557988 |
| 4.88%, 07/17/32<sup>(b)</sup> | &nbsp;&nbsp; 1165 | 1192637 |
| 4.90%, 04/04/28<sup>(b)</sup> | &nbsp;&nbsp; 1150 | 1170180 |
| 4.90%, 01/11/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1305 | 1335444 |
| 5.50%, 07/18/28<sup>(b)</sup> | &nbsp;&nbsp; 870 | 900236 |
| Pacific Life Insurance Co. |  |  |
| 4.30%, 10/24/67<sup>(b)(d)</sup> | &nbsp;&nbsp; 1465 | 1178389 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.95%, 09/15/55<sup>(b)</sup> | &nbsp;&nbsp; $265 | $269202 |
| 9.25%, 06/15/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 280 | 382019 |
| Pacific LifeCorp |  |  |
| 3.35%, 09/15/50<sup>(b)</sup> | &nbsp;&nbsp; 1400 | 977271 |
| 5.13%, 01/30/43<sup>(b)</sup> | &nbsp;&nbsp; 730 | 695409 |
| 5.40%, 09/15/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 1345 | 1298080 |
| 6.60%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 990 | 1104551 |
| PartnerRe Finance B LLC |  |  |
| 3.70%, 07/02/29 | &nbsp;&nbsp; 1425 | 1402914 |
| 4.50%, 10/01/50, (5-year CMT + 3.82%)<sup>(d)</sup> | &nbsp;&nbsp; 645 | 623392 |
| Peachtree Corners Funding Trust II, 6.01%, <br> 05/15/35<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 760 | 799722 |
| Penn Mutual Life Insurance Co. (The), 3.80%, <br> 04/29/61<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 836 | 575055 |
| Pine Street Trust II, 5.57%, 02/15/49<sup>(b)</sup> | &nbsp;&nbsp; 830 | 790880 |
| Pine Street Trust III, 6.22%, 05/15/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 970 | 987789 |
| Pricoa Global Funding I |  |  |
| 4.35%, 11/25/30<sup>(b)</sup> | &nbsp;&nbsp; 600 | 606325 |
| 4.40%, 08/27/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 590 | 595445 |
| 4.65%, 08/27/31<sup>(b)</sup> | &nbsp;&nbsp; 980 | 997730 |
| 4.65%, 01/12/33<sup>(b)</sup> | &nbsp;&nbsp; 525 | 525474 |
| 4.70%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp; 1170 | 1195735 |
| 4.75%, 08/26/32<sup>(b)</sup> | &nbsp;&nbsp; 885 | 894093 |
| 5.10%, 05/30/28<sup>(b)</sup> | &nbsp;&nbsp; 935 | 957772 |
| 5.35%, 05/28/35<sup>(b)</sup> | &nbsp;&nbsp; 1290 | 1342438 |
| Primerica, Inc., 2.80%, 11/19/31 | &nbsp;&nbsp; 1039 | 951627 |
| Principal Financial Group, Inc. |  |  |
| 2.13%, 06/15/30 | &nbsp;&nbsp; 918 | 840865 |
| 3.70%, 05/15/29 | &nbsp;&nbsp; 538 | 532447 |
| 4.11%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 920 | 920065 |
| 4.30%, 11/15/46 | &nbsp;&nbsp; 785 | 661029 |
| 4.35%, 05/15/43 | &nbsp;&nbsp; 710 | 614931 |
| 4.63%, 09/15/42 | &nbsp;&nbsp; 725 | 654269 |
| 5.38%, 03/15/33 | &nbsp;&nbsp; 810 | 845997 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 565 | 545312 |
| 6.05%, 10/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1075 | 1170441 |
| Principal Life Global Funding II |  |  |
| 1.50%, 08/27/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1152 | 1024489 |
| 1.63%, 11/19/30<sup>(b)</sup> | &nbsp;&nbsp; 375 | 331861 |
| 2.50%, 09/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 692 | 653589 |
| 4.25%, 08/18/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 555 | 556650 |
| 4.45%, 01/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 750 | 755785 |
| 4.60%, 08/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1105 | 1115946 |
| 4.80%, 01/09/28<sup>(b)</sup> | &nbsp;&nbsp; 680 | 690087 |
| 4.95%, 11/27/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 645 | 660478 |
| 5.10%, 01/25/29<sup>(b)</sup> | &nbsp;&nbsp; 1680 | 1722483 |
| 5.50%, 06/28/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 860 | 885813 |
| Progressive Corp.(The) |  |  |
| 2.50%, 03/15/27 | &nbsp;&nbsp; 860 | 848963 |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 1697 | 1574881 |
| 3.20%, 03/26/30<sup>(a)</sup> | &nbsp;&nbsp; 955 | 927412 |
| 3.70%, 01/26/45 | &nbsp;&nbsp; 667 | 526899 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 1105 | 825821 |
| 3.95%, 03/26/50 | &nbsp;&nbsp; 867 | 683477 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 503 | 505237 |
| 4.13%, 04/15/47<sup>(a)</sup> | &nbsp;&nbsp; 1726 | 1429326 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 1270 | 1056758 |
| 4.35%, 04/25/44 | &nbsp;&nbsp; 760 | 662246 |
| 4.95%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1215 | 1253824 |
| 6.25%, 12/01/32<sup>(a)</sup> | &nbsp;&nbsp; 660 | 733415 |
| 6.63%, 03/01/29 | &nbsp;&nbsp; 815 | 877589 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Protective Life Corp. |  |  |
| 3.40%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; $741 | $718294 |
| 4.30%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp; 727 | 729563 |
| 4.70%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1210 | 1221746 |
| 5.35%, 12/15/35<sup>(b)</sup> | &nbsp;&nbsp; 1025 | 1040073 |
| 5.35%, 08/10/52<sup>(b)</sup> | &nbsp;&nbsp; 150 | 144192 |
| Protective Life Global Funding |  |  |
| 1.74%, 09/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1280 | 1143331 |
| 1.90%, 07/06/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 785 | 748201 |
| 4.16%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 720 | 720889 |
| 4.34%, 09/13/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 450 | 453453 |
| 4.71%, 07/06/27<sup>(b)</sup> | &nbsp;&nbsp; 570 | 576323 |
| 4.77%, 12/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1460 | 1488601 |
| 4.80%, 06/05/30<sup>(b)</sup> | &nbsp;&nbsp; 1015 | 1034371 |
| 5.22%, 06/12/29<sup>(b)</sup> | &nbsp;&nbsp; 740 | 763902 |
| 5.43%, 01/14/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 850 | 892915 |
| 5.47%, 12/08/28<sup>(b)</sup> | &nbsp;&nbsp; 1170 | 1211715 |
| 5.76%, 07/05/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 320 | 338244 |
| Prudential Financial, Inc. |  |  |
| 2.10%, 03/10/30<sup>(a)</sup> | &nbsp;&nbsp; 1090 | 1018333 |
| 3.00%, 03/10/40 | &nbsp;&nbsp; 910 | 710514 |
| 3.70%, 10/01/50, (5-year CMT + 3.04%)<sup>(d)</sup> | &nbsp;&nbsp; 1390 | 1293411 |
| 3.70%, 03/13/51<sup>(a)</sup> | &nbsp;&nbsp; 3368 | 2462947 |
| 3.88%, 03/27/28 | &nbsp;&nbsp; 610 | 610379 |
| 3.91%, 12/07/47 | &nbsp;&nbsp; 1922 | 1481240 |
| 3.94%, 12/07/49 | &nbsp;&nbsp; 2797 | 2153593 |
| 4.35%, 02/25/50 | &nbsp;&nbsp; 1844 | 1507751 |
| 4.42%, 03/27/48 | &nbsp;&nbsp; 534 | 449611 |
| 4.50%, 09/15/47, (3-mo. SOFR US + <br> 2.64%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1932 | 1903342 |
| 4.60%, 05/15/44<sup>(a)</sup> | &nbsp;&nbsp; 1295 | 1155754 |
| 5.13%, 03/01/52, (5-year CMT + 3.16%)<sup>(d)</sup> | &nbsp;&nbsp; 1880 | 1847480 |
| 5.20%, 03/14/35 | &nbsp;&nbsp; 1435 | 1470302 |
| 5.70%, 12/14/36<sup>(a)</sup> | &nbsp;&nbsp; 1373 | 1450872 |
| 5.70%, 09/15/48, (3-mo. SOFR US + <br> 2.93%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1497 | 1507500 |
| 5.75%, 07/15/33 | &nbsp;&nbsp; 881 | 958280 |
| 6.00%, 09/01/52, (5-year CMT + 3.23%)<sup>(d)</sup> | &nbsp;&nbsp; 1845 | 1906462 |
| 6.50%, 03/15/54, (5-year CMT + 2.40%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1230 | 1296206 |
| 6.63%, 12/01/37 | &nbsp;&nbsp; 905 | 1030475 |
| 6.63%, 06/21/40 | &nbsp;&nbsp; 760 | 857584 |
| 6.75%, 03/01/53, (5-year CMT + 2.85%)<sup>(d)</sup> | &nbsp;&nbsp; 1425 | 1528191 |
| Prudential Funding Asia PLC |  |  |
| 3.13%, 04/14/30 | &nbsp;&nbsp; 1704 | 1645426 |
| 3.63%, 03/24/32<sup>(a)</sup> | &nbsp;&nbsp; 870 | 841669 |
| Reinsurance Group of America, Inc. |  |  |
| 3.15%, 06/15/30 | &nbsp;&nbsp; 791 | 755205 |
| 3.90%, 05/15/29 | &nbsp;&nbsp; 1250 | 1242998 |
| 5.75%, 09/15/34 | &nbsp;&nbsp; 1665 | 1744465 |
| 6.00%, 09/15/33 | &nbsp;&nbsp; 790 | 844655 |
| 6.65%, 09/15/55, (5-year CMT + 2.39%)<sup>(d)</sup> | &nbsp;&nbsp; 1250 | 1294032 |
| Reliance Standard Life Global Funding II, <br> 5.28%, 11/07/29<sup>(b)</sup><br>| &nbsp;&nbsp; 130 | 133001 |
| RenaissanceRe Finance, Inc., 3.45%, <br> 07/01/27<sup>(a)</sup><br>| &nbsp;&nbsp; 189 | 187845 |
| RenaissanceRe Holdings Ltd. |  |  |
| 3.60%, 04/15/29 | &nbsp;&nbsp; 935 | 919137 |
| 5.75%, 06/05/33 | &nbsp;&nbsp; 1175 | 1238531 |
| 5.80%, 04/01/35 | &nbsp;&nbsp; 825 | 864482 |
| RGA Global Funding |  |  |
| 2.70%, 01/18/29<sup>(b)</sup> | &nbsp;&nbsp; 880 | 842847 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.35%, 08/25/28<sup>(b)</sup> | &nbsp;&nbsp; $1215 | $1221160 |
| 4.60%, 11/25/30<sup>(b)</sup> | &nbsp;&nbsp; 1110 | 1118466 |
| 5.00%, 08/25/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1025 | 1043195 |
| 5.05%, 12/06/31<sup>(b)</sup> | &nbsp;&nbsp; 1150 | 1179559 |
| 5.25%, 01/09/30<sup>(b)</sup> | &nbsp;&nbsp; 1005 | 1040740 |
| 5.45%, 05/24/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1405 | 1458489 |
| 5.50%, 01/11/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1170 | 1223854 |
| 6.00%, 11/21/28<sup>(b)</sup> | &nbsp;&nbsp; 775 | 810936 |
| RLI Corp., 5.38%, 06/01/36 | &nbsp;&nbsp; 525 | 524135 |
| Sagicor Financial Co. Ltd., 5.30%, 05/13/28<sup>(b)</sup> | &nbsp;&nbsp; 225 | 224145 |
| Sammons Financial Group Global Funding |  |  |
| 4.80%, 12/12/30<sup>(b)</sup> | &nbsp;&nbsp; 500 | 505557 |
| 4.95%, 06/12/30<sup>(b)</sup> | &nbsp;&nbsp; 1195 | 1216190 |
| 5.05%, 01/10/28<sup>(b)</sup> | &nbsp;&nbsp; 570 | 579788 |
| 5.10%, 12/10/29<sup>(b)</sup> | &nbsp;&nbsp; 170 | 174375 |
| Sammons Financial Group, Inc. |  |  |
| 3.35%, 04/16/31<sup>(b)</sup> | &nbsp;&nbsp; 1485 | 1390875 |
| 4.45%, 05/12/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 880 | 881192 |
| 4.75%, 04/08/32<sup>(b)</sup> | &nbsp;&nbsp; 990 | 966893 |
| 6.88%, 04/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1100 | 1195969 |
| SBL Holdings, Inc. |  |  |
| 5.00%, 02/18/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1255 | 1112726 |
| 5.90%, 09/26/28<sup>(b)</sup> | &nbsp;&nbsp; 1180 | 1145432 |
| 7.20%, 10/30/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1640 | 1501596 |
| Securian Financial Group, Inc., 4.80%, <br> 04/15/48<sup>(b)</sup><br>| &nbsp;&nbsp; 885 | 772575 |
| Selective Insurance Group, Inc. |  |  |
| 5.38%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 540 | 507628 |
| 5.90%, 04/15/35 | &nbsp;&nbsp; 460 | 485452 |
| SiriusPoint Ltd., 7.00%, 04/05/29 | &nbsp;&nbsp; 280 | 294449 |
| Sompo International Holdings Ltd., 7.00%, <br> 07/15/34<br>| &nbsp;&nbsp; 400 | 447986 |
| Stewart Information Services Corp., 3.60%, <br> 11/15/31<br>| &nbsp;&nbsp; 996 | 897624 |
| Sumitomo Life Insurance Co. |  |  |
| 3.38%, 04/15/81, (5-year CMT + <br> 2.75%)<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 1448 | 1355275 |
| 4.00%, 09/14/77<sup>(b)(d)</sup> | &nbsp;&nbsp; 1715 | 1701421 |
| 5.88%, 09/10/55, (5-year CMT + 2.65%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1845 | 1870343 |
| 5.88%, (5-year CMT + 2.84%)<sup>(b)(d)(e)</sup> | &nbsp;&nbsp; 1940 | 1972311 |
| Swiss Re Finance Luxembourg SA, 5.00%, <br> 04/02/49, (5-year CMT + 3.58%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 1014 | 1024405 |
| Swiss RE Subordinated Finance PLC |  |  |
| 5.70%, 04/05/35, (3-mo. CME Term SOFR + <br> 1.81%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 835 | 876769 |
| 6.19%, 04/01/46, (3-mo. CME Term SOFR + <br> 2.13%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 1235 | 1300572 |
| Swiss Re Treasury U.S. Corp., 4.25%, <br> 12/06/42<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 525 | 457848 |
| Symetra Financial Corp., 5.87%, 04/03/32<sup>(b)</sup> | &nbsp;&nbsp; 80 | 85514 |
| Symetra Life Insurance Co., 6.55%, 10/01/55<sup>(b)</sup> | &nbsp;&nbsp; 550 | 571637 |
| Teachers Insurance & Annuity Association <br> of America<br>|  |  |
| 3.30%, 05/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1932 | 1343249 |
| 4.27%, 05/15/47<sup>(b)</sup> | &nbsp;&nbsp; 3531 | 2959205 |
| 4.90%, 09/15/44<sup>(b)</sup> | &nbsp;&nbsp; 2559 | 2365349 |
| 6.85%, 12/16/39<sup>(b)</sup> | &nbsp;&nbsp; 1834 | 2136665 |
| Transatlantic Holdings, Inc., 8.00%, 11/30/39 | &nbsp;&nbsp; 690 | 864246 |
| Travelers Companies, Inc.(The) |  |  |
| 2.55%, 04/27/50 | &nbsp;&nbsp; 1150 | 707054 |
| 3.05%, 06/08/51 | &nbsp;&nbsp; 1320 | 886652 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 3.75%, 05/15/46 | &nbsp;&nbsp; $877 | $695681 |
| 4.00%, 05/30/47 | &nbsp;&nbsp; 1356 | 1115757 |
| 4.05%, 03/07/48 | &nbsp;&nbsp; 1298 | 1063406 |
| 4.10%, 03/04/49 | &nbsp;&nbsp; 1157 | 953688 |
| 4.30%, 08/25/45 | &nbsp;&nbsp; 813 | 700685 |
| 4.60%, 08/01/43 | &nbsp;&nbsp; 1260 | 1161728 |
| 5.05%, 07/24/35 | &nbsp;&nbsp; 1375 | 1407561 |
| 5.35%, 11/01/40 | &nbsp;&nbsp; 1439 | 1467391 |
| 5.45%, 05/25/53<sup>(a)</sup> | &nbsp;&nbsp; 1080 | 1075917 |
| 5.70%, 07/24/55<sup>(a)</sup> | &nbsp;&nbsp; 935 | 961428 |
| 6.25%, 06/15/37<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 2011909 |
| 6.75%, 06/20/36 | &nbsp;&nbsp; 885 | 1021001 |
| Travelers Property Casualty Corp., 6.38%, <br> 03/15/33<br>| &nbsp;&nbsp; 1014 | 1149254 |
| Trinity Acquisition PLC, 6.13%, 08/15/43<sup>(a)</sup> | &nbsp;&nbsp; 397 | 403999 |
| Trustage Financial Group, Inc., 4.63%, <br> 04/15/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 485 | 476068 |
| Unum Group |  |  |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 1426 | 1414549 |
| 4.05%, 08/15/41<sup>(b)</sup> | &nbsp;&nbsp; 935 | 775733 |
| 4.13%, 06/15/51 | &nbsp;&nbsp; 1075 | 798049 |
| 4.50%, 12/15/49 | &nbsp;&nbsp; 980 | 765971 |
| 5.25%, 12/15/35 | &nbsp;&nbsp; 885 | 880298 |
| 5.75%, 08/15/42 | &nbsp;&nbsp; 831 | 820689 |
| 6.00%, 06/15/54 | &nbsp;&nbsp; 600 | 591451 |
| W R Berkley Corp. |  |  |
| 3.15%, 09/30/61 | &nbsp;&nbsp; 570 | 345917 |
| 3.55%, 03/30/52 | &nbsp;&nbsp; 672 | 478934 |
| 4.00%, 05/12/50 | &nbsp;&nbsp; 655 | 516538 |
| 4.75%, 08/01/44 | &nbsp;&nbsp; 910 | 833944 |
| Western & Southern Financial Group, Inc., <br> 5.75%, 07/15/33<sup>(b)</sup><br>| &nbsp;&nbsp; 805 | 851192 |
| Western & Southern Life Insurance Co.(The) |  |  |
| 3.75%, 04/28/61<sup>(b)</sup> | &nbsp;&nbsp; 605 | 420725 |
| 5.15%, 01/15/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 945 | 871897 |
| Western-Southern Global Funding |  |  |
| 4.25%, 01/29/29<sup>(b)</sup> | &nbsp;&nbsp; 525 | 527329 |
| 4.50%, 07/16/28<sup>(b)</sup> | &nbsp;&nbsp; 730 | 736328 |
| 4.70%, 12/10/32<sup>(b)</sup> | &nbsp;&nbsp; 500 | 501939 |
| 4.90%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp; 760 | 779354 |
| Willis North America, Inc. |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 1590 | 1519298 |
| 3.88%, 09/15/49 | &nbsp;&nbsp; 1176 | 879981 |
| 4.50%, 09/15/28 | &nbsp;&nbsp; 1362 | 1370183 |
| 4.55%, 03/15/31 | &nbsp;&nbsp; 1360 | 1360967 |
| 4.65%, 06/15/27 | &nbsp;&nbsp; 825 | 830414 |
| 5.05%, 09/15/48 | &nbsp;&nbsp; 865 | 785438 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 970 | 969598 |
| 5.35%, 05/15/33 | &nbsp;&nbsp; 735 | 757052 |
| 5.90%, 03/05/54 | &nbsp;&nbsp; 1625 | 1608419 |
| WR Berkley Corp., 6.25%, 02/15/37<sup>(a)</sup> | &nbsp;&nbsp; 450 | 496323 |
| Wynnton Funding Trust, 5.25%, 08/15/35<sup>(b)</sup> | &nbsp;&nbsp; 505 | 511162 |
| Wynnton Funding Trust II, 5.99%, 08/15/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 1895 | 1922197 |
| XL Group Ltd., 5.25%, 12/15/43 | &nbsp;&nbsp; 465 | 441719 |
|  |  | 822467445 |
| **Internet — 2.4%** | **Internet — 2.4%** | **Internet — 2.4%** |
| Alibaba Group Holding Ltd. |  |  |
| 2.13%, 02/09/31<sup>(a)</sup> | &nbsp;&nbsp; 2800 | 2571030 |
| 2.70%, 02/09/41<sup>(a)</sup> | &nbsp;&nbsp; 1765 | 1335353 |
| 3.15%, 02/09/51 | &nbsp;&nbsp; 2955 | 2045045 |
| 3.25%, 02/09/61<sup>(a)</sup> | &nbsp;&nbsp; 1170 | 772198 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 3.40%, 12/06/27<sup>(a)</sup> | &nbsp;&nbsp; $4052 | $4023476 |
| 4.00%, 12/06/37 | &nbsp;&nbsp; 2123 | 1974804 |
| 4.20%, 12/06/47<sup>(a)</sup> | &nbsp;&nbsp; 3475 | 2949834 |
| 4.40%, 12/06/57<sup>(a)</sup> | &nbsp;&nbsp; 1595 | 1345873 |
| 4.50%, 11/28/34 | &nbsp;&nbsp; 1392 | 1393511 |
| 4.88%, 05/26/30<sup>(a)</sup> | &nbsp;&nbsp; 2035 | 2113831 |
| 5.25%, 05/26/35<sup>(a)</sup> | &nbsp;&nbsp; 2110 | 2215637 |
| 5.63%, 11/26/54<sup>(a)</sup> | &nbsp;&nbsp; 1080 | 1112383 |
| Alphabet, Inc. |  |  |
| 0.80%, 08/15/27 | &nbsp;&nbsp; 1625 | 1562958 |
| 1.10%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4261 | 3797283 |
| 1.90%, 08/15/40<sup>(a)</sup> | &nbsp;&nbsp; 3535 | 2441851 |
| 2.05%, 08/15/50<sup>(a)</sup> | &nbsp;&nbsp; 5935 | 3274313 |
| 2.25%, 08/15/60<sup>(a)</sup> | &nbsp;&nbsp; 3507 | 1843683 |
| 3.70%, 02/15/29 | &nbsp;&nbsp; 3800 | 3803678 |
| 3.88%, 11/15/28 | &nbsp;&nbsp; 1120 | 1128161 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 1705 | 1716761 |
| 4.10%, 11/15/30 | &nbsp;&nbsp; 3340 | 3370297 |
| 4.10%, 02/15/31 | &nbsp;&nbsp; 3375 | 3397218 |
| 4.38%, 11/15/32 | &nbsp;&nbsp; 1105 | 1120085 |
| 4.40%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2760 | 2784329 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 3120 | 3140471 |
| 4.70%, 11/15/35 | &nbsp;&nbsp; 5335 | 5401996 |
| 4.80%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 5695 | 5788542 |
| 5.25%, 05/15/55 | &nbsp;&nbsp; 2885 | 2807848 |
| 5.30%, 05/15/65 | &nbsp;&nbsp; 2495 | 2365755 |
| 5.35%, 11/15/45 | &nbsp;&nbsp; 4015 | 4032343 |
| 5.45%, 11/15/55 | &nbsp;&nbsp; 6140 | 6103073 |
| 5.50%, 02/15/46 | &nbsp;&nbsp; 4425 | 4505974 |
| 5.65%, 02/15/56 | &nbsp;&nbsp; 2315 | 2368842 |
| 5.70%, 11/15/75 | &nbsp;&nbsp; 4460 | 4457066 |
| 5.75%, 02/15/66 | &nbsp;&nbsp; 3095 | 3151837 |
| Amazon.com, Inc. |  |  |
| 1.20%, 06/03/27 | &nbsp;&nbsp; 1970 | 1912592 |
| 1.50%, 06/03/30 | &nbsp;&nbsp; 3854 | 3493708 |
| 1.65%, 05/12/28 | &nbsp;&nbsp; 4425 | 4241996 |
| 2.10%, 05/12/31 | &nbsp;&nbsp; 5320 | 4845036 |
| 2.50%, 06/03/50 | &nbsp;&nbsp; 4719 | 2858586 |
| 2.70%, 06/03/60 | &nbsp;&nbsp; 3346 | 1894048 |
| 2.88%, 05/12/41 | &nbsp;&nbsp; 3572 | 2742974 |
| 3.10%, 05/12/51 | &nbsp;&nbsp; 5845 | 3969290 |
| 3.15%, 08/22/27 | &nbsp;&nbsp; 5471 | 5437260 |
| 3.25%, 05/12/61 | &nbsp;&nbsp; 3281 | 2108122 |
| 3.30%, 04/13/27 | &nbsp;&nbsp; 3017 | 3006672 |
| 3.45%, 04/13/29 | &nbsp;&nbsp; 2725 | 2704398 |
| 3.60%, 04/13/32 | &nbsp;&nbsp; 4745 | 4621278 |
| 3.88%, 08/22/37 | &nbsp;&nbsp; 4955 | 4589227 |
| 3.90%, 11/20/28<sup>(a)</sup> | &nbsp;&nbsp; 4110 | 4132396 |
| 3.95%, 04/13/52<sup>(a)</sup> | &nbsp;&nbsp; 4339 | 3430713 |
| 4.05%, 08/22/47 | &nbsp;&nbsp; 6443 | 5329549 |
| 4.10%, 11/20/30<sup>(a)</sup> | &nbsp;&nbsp; 4790 | 4825196 |
| 4.10%, 04/13/62<sup>(a)</sup> | &nbsp;&nbsp; 2060 | 1594458 |
| 4.25%, 08/22/57 | &nbsp;&nbsp; 4358 | 3514632 |
| 4.35%, 03/20/33 | &nbsp;&nbsp; 3040 | 3065528 |
| 4.55%, 12/01/27 | &nbsp;&nbsp; 4390 | 4459888 |
| 4.65%, 12/01/29 | &nbsp;&nbsp; 2145 | 2209611 |
| 4.65%, 11/20/35 | &nbsp;&nbsp; 5165 | 5194549 |
| 4.70%, 12/01/32 | &nbsp;&nbsp; 4160 | 4298793 |
| 4.80%, 12/05/34<sup>(a)</sup> | &nbsp;&nbsp; 2700 | 2800628 |
| 4.95%, 12/05/44<sup>(a)</sup> | &nbsp;&nbsp; 2683 | 2600892 |
| 5.45%, 11/20/55<sup>(a)</sup> | &nbsp;&nbsp; 5520 | 5437736 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 5.55%, 11/20/65 | &nbsp;&nbsp; $3880 | $3798554 |
| AppLovin Corp. |  |  |
| 5.13%, 12/01/29 | &nbsp;&nbsp; 2265 | 2313126 |
| 5.38%, 12/01/31 | &nbsp;&nbsp; 1245 | 1283192 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 1460 | 1488445 |
| 5.95%, 12/01/54 | &nbsp;&nbsp; 1065 | 1023367 |
| Baidu, Inc. |  |  |
| 2.38%, 10/09/30 | &nbsp;&nbsp; 100 | 93438 |
| 2.38%, 08/23/31<sup>(a)</sup> | &nbsp;&nbsp; 615 | 566213 |
| 3.43%, 04/07/30<sup>(a)</sup> | &nbsp;&nbsp; 440 | 431335 |
| 3.63%, 07/06/27 | &nbsp;&nbsp; 610 | 608315 |
| 4.38%, 03/29/28 | &nbsp;&nbsp; 594 | 599492 |
| 4.88%, 11/14/28 | &nbsp;&nbsp; 455 | 465593 |
| Booking Holdings, Inc., 3.55%, 03/15/28 | &nbsp;&nbsp; 1156 | 1148593 |
| eBay, Inc. |  |  |
| 2.60%, 05/10/31 | &nbsp;&nbsp; 1851 | 1706974 |
| 2.70%, 03/11/30 | &nbsp;&nbsp; 2207 | 2092635 |
| 3.60%, 06/05/27 | &nbsp;&nbsp; 1277 | 1272725 |
| 3.65%, 05/10/51 | &nbsp;&nbsp; 1675 | 1244369 |
| 4.00%, 07/15/42 | &nbsp;&nbsp; 1596 | 1329094 |
| 4.25%, 03/06/29 | &nbsp;&nbsp; 1315 | 1323827 |
| 5.13%, 11/06/35<sup>(a)</sup> | &nbsp;&nbsp; 910 | 919558 |
| 5.95%, 11/22/27 | &nbsp;&nbsp; 795 | 821439 |
| 6.30%, 11/22/32 | &nbsp;&nbsp; 965 | 1060419 |
| Expedia Group, Inc. |  |  |
| 2.95%, 03/15/31 | &nbsp;&nbsp; 1419 | 1318572 |
| 3.25%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2096 | 2011278 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 1942 | 1931989 |
| 4.63%, 08/01/27 | &nbsp;&nbsp; 1144 | 1151879 |
| 5.40%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1635 | 1652094 |
| JD.com, Inc. |  |  |
| 3.38%, 01/14/30 | &nbsp;&nbsp; 364 | 357262 |
| 4.13%, 01/14/50 | &nbsp;&nbsp; 100 | 84902 |
| Kuaishou Technology, 4.75%, 01/22/36<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9892 |
| Meituan |  |  |
| 3.05%, 10/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1555 | 1467151 |
| 4.50%, 04/02/28<sup>(b)</sup> | &nbsp;&nbsp; 870 | 875600 |
| 4.50%, 05/05/31<sup>(b)</sup> | &nbsp;&nbsp; 95 | 94884 |
| 4.63%, 10/02/29<sup>(b)</sup> | &nbsp;&nbsp; 1655 | 1674795 |
| 4.75%, 11/05/32<sup>(b)</sup> | &nbsp;&nbsp; 60 | 60072 |
| 5.13%, 11/05/35<sup>(b)</sup> | &nbsp;&nbsp; 565 | 562591 |
| MercadoLibre, Inc., 4.90%, 01/15/33 | &nbsp;&nbsp; 410 | 407643 |
| Meta Platforms, Inc. |  |  |
| 3.50%, 08/15/27 | &nbsp;&nbsp; 4592 | 4587817 |
| 3.85%, 08/15/32 | &nbsp;&nbsp; 5412 | 5299349 |
| 4.20%, 11/15/30 | &nbsp;&nbsp; 3695 | 3727496 |
| 4.30%, 08/15/29 | &nbsp;&nbsp; 2075 | 2108420 |
| 4.45%, 08/15/52 | &nbsp;&nbsp; 6495 | 5331322 |
| 4.55%, 08/15/31 | &nbsp;&nbsp; 1440 | 1474841 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 3350 | 3416757 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 6065 | 6166727 |
| 4.65%, 08/15/62 | &nbsp;&nbsp; 2937 | 2386617 |
| 4.75%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4695 | 4767671 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 2625 | 2715082 |
| 4.88%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8140 | 8221052 |
| 4.95%, 05/15/33 | &nbsp;&nbsp; 3365 | 3482296 |
| 5.40%, 08/15/54 | &nbsp;&nbsp; 6165 | 5820591 |
| 5.50%, 11/15/45 | &nbsp;&nbsp; 10335 | 10210571 |
| 5.55%, 08/15/64 | &nbsp;&nbsp; 4605 | 4338775 |
| 5.60%, 05/15/53 | &nbsp;&nbsp; 4475 | 4356950 |
| 5.63%, 11/15/55 | &nbsp;&nbsp; 10575 | 10351077 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 5.75%, 05/15/63 | &nbsp;&nbsp; $3875 | $3768419 |
| 5.75%, 11/15/65<sup>(a)</sup> | &nbsp;&nbsp; 8705 | 8480343 |
| Netflix, Inc. |  |  |
| 4.88%, 04/15/28 | &nbsp;&nbsp; 3115 | 3186432 |
| 4.88%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 2099 | 2162632 |
| 4.90%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 995 | 1026285 |
| 5.38%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1990 | 2076147 |
| 5.40%, 08/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1105 | 1100612 |
| 5.88%, 11/15/28 | &nbsp;&nbsp; 2977 | 3131804 |
| 6.38%, 05/15/29 | &nbsp;&nbsp; 1880 | 2019737 |
| Prosus NV |  |  |
| 3.06%, 07/13/31<sup>(b)</sup> | &nbsp;&nbsp; 2412 | 2224448 |
| 3.68%, 01/21/30<sup>(b)</sup> | &nbsp;&nbsp; 2591 | 2508284 |
| 3.83%, 02/08/51<sup>(b)</sup> | &nbsp;&nbsp; 3732 | 2548782 |
| 4.03%, 08/03/50<sup>(b)</sup> | &nbsp;&nbsp; 2390 | 1704802 |
| 4.19%, 01/19/32<sup>(b)</sup> | &nbsp;&nbsp; 1285 | 1247838 |
| 4.85%, 07/06/27<sup>(b)</sup> | &nbsp;&nbsp; 335 | 336983 |
| 4.99%, 01/19/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 1835 | 1494313 |
| Tencent Holdings Ltd. |  |  |
| 2.39%, 06/03/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4646 | 4395854 |
| 2.88%, 04/22/31<sup>(b)</sup> | &nbsp;&nbsp; 1175 | 1122533 |
| 3.24%, 06/03/50<sup>(b)</sup> | &nbsp;&nbsp; 3370 | 2440433 |
| 3.29%, 06/03/60<sup>(a)(b)</sup> | &nbsp;&nbsp; 1150 | 789553 |
| 3.60%, 01/19/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3844 | 3834170 |
| 3.68%, 04/22/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 1130 | 994901 |
| 3.84%, 04/22/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 2300 | 1845137 |
| 3.93%, 01/19/38<sup>(b)</sup> | &nbsp;&nbsp; 1504 | 1414300 |
| 3.94%, 04/22/61<sup>(b)</sup> | &nbsp;&nbsp; 1705 | 1340762 |
| 3.98%, 04/11/29<sup>(b)</sup> | &nbsp;&nbsp; 4534 | 4565139 |
| 4.53%, 04/11/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 1840 | 1682262 |
| Tencent Music Entertainment Group, 2.00%, <br> 09/03/30<br>| &nbsp;&nbsp; 1075 | 988826 |
| Uber Technologies, Inc. |  |  |
| 4.15%, 01/15/31 | &nbsp;&nbsp; 1225 | 1220203 |
| 4.30%, 01/15/30 | &nbsp;&nbsp; 2010 | 2021228 |
| 4.50%, 08/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2435 | 2436933 |
| 4.80%, 09/15/34 | &nbsp;&nbsp; 2930 | 2938494 |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 1265 | 1259220 |
| 5.35%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 2145 | 2045480 |
| VeriSign, Inc. |  |  |
| 2.70%, 06/15/31 | &nbsp;&nbsp; 1555 | 1415061 |
| 4.75%, 07/15/27 | &nbsp;&nbsp; 1155 | 1155748 |
| 5.25%, 06/01/32 | &nbsp;&nbsp; 740 | 757422 |
| Weibo Corp., 3.38%, 07/08/30<sup>(a)</sup> | &nbsp;&nbsp; 1185 | 1135674 |
|  |  | 408369007 |
| **Iron & Steel — 0.3%** | **Iron & Steel — 0.3%** | **Iron & Steel — 0.3%** |
| ArcelorMittal SA |  |  |
| 4.25%, 07/16/29 | &nbsp;&nbsp; 1212 | 1218929 |
| 6.00%, 06/17/34<sup>(a)</sup> | &nbsp;&nbsp; 935 | 1015485 |
| 6.35%, 06/17/54<sup>(a)</sup> | &nbsp;&nbsp; 945 | 1015156 |
| 6.55%, 11/29/27 | &nbsp;&nbsp; 2205 | 2292887 |
| 6.75%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 1111 | 1237778 |
| 6.80%, 11/29/32<sup>(a)</sup> | &nbsp;&nbsp; 1535 | 1742128 |
| 7.00%, 10/15/39<sup>(a)</sup> | &nbsp;&nbsp; 1274 | 1471638 |
| Gerdau Trade, Inc., 5.75%, 06/09/35 | &nbsp;&nbsp; 1350 | 1406835 |
| GUSAP III LP, 7.25%, 04/16/44<sup>(b)</sup> | &nbsp;&nbsp; 485 | 555097 |
| Nucor Corp. |  |  |
| 2.70%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 679 | 644137 |
| 2.98%, 12/15/55 | &nbsp;&nbsp; 447 | 285495 |
| 3.13%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1235 | 1162186 |
| 3.85%, 04/01/52 | &nbsp;&nbsp; 1015 | 786831 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Iron & Steel (continued)** | **Iron & Steel (continued)** | **Iron & Steel (continued)** |
| 3.95%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; $1475 | $1480039 |
| 4.30%, 05/23/27 | &nbsp;&nbsp; 955 | 960881 |
| 4.40%, 05/01/48<sup>(a)</sup> | &nbsp;&nbsp; 905 | 783325 |
| 4.65%, 06/01/30 | &nbsp;&nbsp; 1315 | 1345602 |
| 5.10%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1092 | 1129356 |
| 5.20%, 08/01/43 | &nbsp;&nbsp; 355 | 349179 |
| 6.40%, 12/01/37<sup>(a)</sup> | &nbsp;&nbsp; 990 | 1118441 |
| POSCO |  |  |
| 4.50%, 08/04/27<sup>(b)</sup> | &nbsp;&nbsp; 145 | 146071 |
| 5.00%, 01/16/36<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10115 |
| 5.75%, 01/17/28<sup>(b)</sup> | &nbsp;&nbsp; 815 | 839778 |
| 5.88%, 01/17/33<sup>(b)</sup> | &nbsp;&nbsp; 150 | 162005 |
| POSCO Holdings, Inc. |  |  |
| 5.13%, 05/07/30<sup>(b)</sup> | &nbsp;&nbsp; 145 | 150456 |
| 5.75%, 05/07/35<sup>(b)</sup> | &nbsp;&nbsp; 185 | 197410 |
| Reliance, Inc. |  |  |
| 2.15%, 08/15/30 | &nbsp;&nbsp; 1104 | 1010499 |
| 6.85%, 11/15/36 | &nbsp;&nbsp; 500 | 572393 |
| Steel Dynamics, Inc. |  |  |
| 1.65%, 10/15/27 | &nbsp;&nbsp; 347 | 334871 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 985 | 942281 |
| 3.25%, 10/15/50 | &nbsp;&nbsp; 806 | 551215 |
| 3.45%, 04/15/30 | &nbsp;&nbsp; 1370 | 1332745 |
| 4.00%, 12/15/28 | &nbsp;&nbsp; 2260 | 2261885 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 1665 | 1711053 |
| 5.38%, 08/15/34 | &nbsp;&nbsp; 585 | 607983 |
| 5.75%, 05/15/55 | &nbsp;&nbsp; 585 | 584596 |
| Vale Overseas Ltd. |  |  |
| 3.75%, 07/08/30 | &nbsp;&nbsp; 1860 | 1804617 |
| 6.13%, 06/12/33 | &nbsp;&nbsp; 1900 | 2044875 |
| 6.40%, 06/28/54<sup>(a)</sup> | &nbsp;&nbsp; 2570 | 2695673 |
| 6.88%, 11/21/36<sup>(a)</sup> | &nbsp;&nbsp; 1268 | 1452037 |
| 6.88%, 11/10/39 | &nbsp;&nbsp; 1053 | 1203031 |
| Vale SA, 5.63%, 09/11/42<sup>(a)</sup> | &nbsp;&nbsp; 562 | 571710 |
|  |  | 43188704 |
| **Leisure Time — 0.1%** | **Leisure Time — 0.1%** | **Leisure Time — 0.1%** |
| Brunswick Corp. |  |  |
| 2.40%, 08/18/31 | &nbsp;&nbsp; 1075 | 955176 |
| 4.40%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 897 | 871302 |
| Brunswick Corp/DE, 5.85%, 03/18/29<sup>(a)</sup> | &nbsp;&nbsp; 645 | 670604 |
| Carnival Corp. |  |  |
| 4.00%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp; 1170 | 1161990 |
| 7.00%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp; 685 | 716885 |
| Harley-Davidson, Inc., 4.63%, 07/28/45<sup>(a)</sup> | &nbsp;&nbsp; 628 | 503687 |
| Polaris, Inc. |  |  |
| 5.60%, 03/01/31 | &nbsp;&nbsp; 510 | 519304 |
| 6.95%, 03/15/29 | &nbsp;&nbsp; 710 | 753170 |
| Royal Caribbean Cruises Ltd. |  |  |
| 4.75%, 05/15/33 | &nbsp;&nbsp; 1325 | 1334169 |
| 5.25%, 02/27/38 | &nbsp;&nbsp; 1400 | 1402202 |
| 5.38%, 01/15/36 | &nbsp;&nbsp; 1880 | 1920182 |
| 5.50%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 3475 | 3550756 |
| 5.63%, 09/30/31<sup>(b)</sup> | &nbsp;&nbsp; 2725 | 2808921 |
| 6.00%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 3055 | 3164797 |
| 6.25%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 1550 | 1616412 |
| 7.50%, 10/15/27 | &nbsp;&nbsp; 60 | 63180 |
|  |  | 22012737 |
| **Lodging — 0.3%** | **Lodging — 0.3%** | **Lodging — 0.3%** |
| Choice Hotels International, Inc. |  |  |
| 3.70%, 12/01/29 | &nbsp;&nbsp; 973 | 950820 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| 3.70%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; $1112 | $1071213 |
| 5.85%, 08/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1035 | 1073637 |
| Hyatt Hotels Corp. |  |  |
| 4.38%, 09/15/28 | &nbsp;&nbsp; 1176 | 1182663 |
| 5.05%, 03/30/28 | &nbsp;&nbsp; 400 | 408116 |
| 5.25%, 06/30/29 | &nbsp;&nbsp; 765 | 790359 |
| 5.38%, 12/15/31 | &nbsp;&nbsp; 1135 | 1178018 |
| 5.40%, 12/15/35 | &nbsp;&nbsp; 780 | 797894 |
| 5.50%, 06/30/34<sup>(a)</sup> | &nbsp;&nbsp; 460 | 479669 |
| 5.75%, 04/23/30 | &nbsp;&nbsp; 945 | 992932 |
| 5.75%, 03/30/32 | &nbsp;&nbsp; 1000 | 1056241 |
| Las Vegas Sands Corp. |  |  |
| 3.90%, 08/08/29 | &nbsp;&nbsp; 1400 | 1370112 |
| 5.63%, 06/15/28 | &nbsp;&nbsp; 1275 | 1306249 |
| 5.90%, 06/01/27 | &nbsp;&nbsp; 995 | 1012404 |
| 6.00%, 08/15/29 | &nbsp;&nbsp; 1105 | 1156325 |
| 6.00%, 06/14/30 | &nbsp;&nbsp; 495 | 519806 |
| 6.20%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1095 | 1156274 |
| Marriott International, Inc., 5.50%, 04/15/37 | &nbsp;&nbsp; 3430 | 3544602 |
| Marriott International, Inc./MD |  |  |
| 4.20%, 07/15/27 | &nbsp;&nbsp; 295 | 296225 |
| 4.50%, 10/15/31 | &nbsp;&nbsp; 485 | 490074 |
| 4.50%, 05/01/33 | &nbsp;&nbsp; 675 | 672779 |
| 4.50%, 10/01/34 | &nbsp;&nbsp; 510 | 504286 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 595 | 611009 |
| 4.88%, 05/15/29 | &nbsp;&nbsp; 905 | 927944 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 1367 | 1401790 |
| 5.00%, 10/15/27 | &nbsp;&nbsp; 2120 | 2153696 |
| 5.10%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 940 | 978275 |
| 5.10%, 05/01/38 | &nbsp;&nbsp; 1000 | 989069 |
| 5.25%, 10/15/35 | &nbsp;&nbsp; 975 | 999119 |
| 5.30%, 05/15/34 | &nbsp;&nbsp; 1630 | 1694849 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 1660 | 1724455 |
| 5.55%, 10/15/28 | &nbsp;&nbsp; 1110 | 1152731 |
| Series AA, 4.65%, 12/01/28 | &nbsp;&nbsp; 550 | 558805 |
| Series FF, 4.63%, 06/15/30 | &nbsp;&nbsp; 2042 | 2081090 |
| Series GG, 3.50%, 10/15/32 | &nbsp;&nbsp; 2025 | 1912639 |
| Series HH, 2.85%, 04/15/31 | &nbsp;&nbsp; 1962 | 1837031 |
| Series II, 2.75%, 10/15/33 | &nbsp;&nbsp; 1280 | 1134345 |
| Series X, 4.00%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1162 | 1165047 |
| Sands China Ltd. |  |  |
| 2.30%, 03/08/27 | &nbsp;&nbsp; 680 | 667443 |
| 2.85%, 03/08/29<sup>(a)</sup> | &nbsp;&nbsp; 1037 | 992446 |
| 3.25%, 08/08/31 | &nbsp;&nbsp; 1195 | 1112911 |
| 4.38%, 06/18/30 | &nbsp;&nbsp; 1345 | 1329040 |
| 5.40%, 08/08/28 | &nbsp;&nbsp; 3745 | 3823608 |
|  |  | 51258040 |
| **Machinery — 1.0%** | **Machinery — 1.0%** | **Machinery — 1.0%** |
| AGCO Corp. |  |  |
| 5.45%, 03/21/27 | &nbsp;&nbsp; 720 | 729031 |
| 5.80%, 03/21/34 | &nbsp;&nbsp; 1190 | 1257562 |
| Caterpillar Financial Services Corp. |  |  |
| 1.10%, 09/14/27<sup>(a)</sup> | &nbsp;&nbsp; 1762 | 1696784 |
| 3.60%, 08/12/27<sup>(a)</sup> | &nbsp;&nbsp; 1389 | 1388634 |
| 3.70%, 01/10/28<sup>(a)</sup> | &nbsp;&nbsp; 750 | 751898 |
| 3.75%, 02/23/29 | &nbsp;&nbsp; 925 | 925595 |
| 3.95%, 11/14/28 | &nbsp;&nbsp; 1540 | 1548394 |
| 4.15%, 01/08/31 | &nbsp;&nbsp; 625 | 630157 |
| 4.38%, 08/16/29<sup>(a)</sup> | &nbsp;&nbsp; 1190 | 1213903 |
| 4.40%, 10/15/27 | &nbsp;&nbsp; 1545 | 1562455 |
| 4.40%, 03/03/28 | &nbsp;&nbsp; 1155 | 1170898 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| 4.60%, 11/15/27 | &nbsp;&nbsp; $1335 | $1356543 |
| 4.70%, 11/15/29 | &nbsp;&nbsp; 1670 | 1718229 |
| 4.80%, 01/08/30 | &nbsp;&nbsp; 1210 | 1257953 |
| 4.85%, 02/27/29 | &nbsp;&nbsp; 1330 | 1372926 |
| 5.00%, 05/14/27 | &nbsp;&nbsp; 660 | 670374 |
| Series K, 4.10%, 08/15/28 | &nbsp;&nbsp; 1455 | 1468571 |
| Caterpillar, Inc. |  |  |
| 1.90%, 03/12/31 | &nbsp;&nbsp; 1192 | 1083884 |
| 2.60%, 09/19/29 | &nbsp;&nbsp; 1100 | 1057784 |
| 2.60%, 04/09/30 | &nbsp;&nbsp; 1172 | 1117430 |
| 3.25%, 09/19/49 | &nbsp;&nbsp; 2134 | 1554160 |
| 3.25%, 04/09/50 | &nbsp;&nbsp; 1849 | 1345379 |
| 3.80%, 08/15/42 | &nbsp;&nbsp; 3287 | 2809811 |
| 4.30%, 05/15/44 | &nbsp;&nbsp; 1264 | 1130112 |
| 4.75%, 05/15/64 | &nbsp;&nbsp; 985 | 880975 |
| 5.20%, 05/15/35 | &nbsp;&nbsp; 3095 | 3242343 |
| 5.20%, 05/27/41<sup>(a)</sup> | &nbsp;&nbsp; 931 | 953742 |
| 5.30%, 09/15/35 | &nbsp;&nbsp; 615 | 658008 |
| 5.50%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 635 | 657279 |
| 6.05%, 08/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1210 | 1364664 |
| CNH Industrial Capital LLC |  |  |
| 4.38%, 03/07/31<sup>(a)</sup> | &nbsp;&nbsp; 445 | 444710 |
| 4.50%, 10/08/27 | &nbsp;&nbsp; 755 | 760375 |
| 4.50%, 10/16/30 | &nbsp;&nbsp; 650 | 655722 |
| 4.55%, 04/10/28<sup>(a)</sup> | &nbsp;&nbsp; 1320 | 1332933 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 885 | 896809 |
| 5.10%, 04/20/29 | &nbsp;&nbsp; 1375 | 1414296 |
| 5.50%, 01/12/29 | &nbsp;&nbsp; 1200 | 1244916 |
| CNH Industrial NV, 3.85%, 11/15/27 | &nbsp;&nbsp; 1052 | 1050533 |
| Deere & Co. |  |  |
| 2.88%, 09/07/49<sup>(a)</sup> | &nbsp;&nbsp; 354 | 243900 |
| 3.10%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1811 | 1758202 |
| 3.75%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1199 | 959984 |
| 3.90%, 06/09/42<sup>(a)</sup> | &nbsp;&nbsp; 1820 | 1605047 |
| 5.38%, 10/16/29 | &nbsp;&nbsp; 1253 | 1322324 |
| 5.45%, 01/16/35<sup>(a)</sup> | &nbsp;&nbsp; 1935 | 2065891 |
| 5.70%, 01/19/55<sup>(a)</sup> | &nbsp;&nbsp; 1165 | 1237284 |
| 7.13%, 03/03/31 | &nbsp;&nbsp; 987 | 1131357 |
| 8.10%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 770 | 897245 |
| Deere Funding Canada Corp., 4.15%, 10/09/30 | &nbsp;&nbsp; 575 | 578584 |
| Dover Corp. |  |  |
| 2.95%, 11/04/29 | &nbsp;&nbsp; 1003 | 967709 |
| 5.38%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 573 | 611570 |
| 5.38%, 03/01/41 | &nbsp;&nbsp; 667 | 694022 |
| 6.60%, 03/15/38 | &nbsp;&nbsp; 440 | 504863 |
| Eaton Capital ULC, 4.45%, 05/09/30<sup>(a)</sup> | &nbsp;&nbsp; 1745 | 1774016 |
| Flowserve Corp. |  |  |
| 2.80%, 01/15/32 | &nbsp;&nbsp; 850 | 772439 |
| 3.50%, 10/01/30 | &nbsp;&nbsp; 980 | 945728 |
| GE Vernova, Inc. |  |  |
| 4.25%, 02/04/31 | &nbsp;&nbsp; 745 | 750240 |
| 4.88%, 02/04/36 | &nbsp;&nbsp; 1330 | 1346829 |
| 5.50%, 02/04/56 | &nbsp;&nbsp; 435 | 431572 |
| IDEX Corp. |  |  |
| 2.63%, 06/15/31 | &nbsp;&nbsp; 920 | 845885 |
| 3.00%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1225 | 1171990 |
| 4.95%, 09/01/29 | &nbsp;&nbsp; 640 | 657286 |
| Ingersoll Rand, Inc. |  |  |
| 5.18%, 06/15/29 | &nbsp;&nbsp; 1625 | 1685428 |
| 5.20%, 06/15/27 | &nbsp;&nbsp; 1150 | 1166812 |
| 5.31%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1675 | 1761489 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| 5.40%, 08/14/28<sup>(a)</sup> | &nbsp;&nbsp; $1230 | $1271746 |
| 5.45%, 06/15/34 | &nbsp;&nbsp; 1405 | 1475604 |
| 5.70%, 08/14/33 | &nbsp;&nbsp; 1565 | 1674751 |
| 5.70%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1230 | 1250839 |
| John Deere Capital Corp. |  |  |
| 1.45%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 995 | 888291 |
| 1.50%, 03/06/28 | &nbsp;&nbsp; 1032 | 990667 |
| 1.75%, 03/09/27 | &nbsp;&nbsp; 863 | 846055 |
| 2.00%, 06/17/31 | &nbsp;&nbsp; 1160 | 1049706 |
| 2.35%, 03/08/27 | &nbsp;&nbsp; 785 | 774722 |
| 2.45%, 01/09/30 | &nbsp;&nbsp; 1001 | 954876 |
| 2.80%, 09/08/27 | &nbsp;&nbsp; 853 | 842397 |
| 2.80%, 07/18/29 | &nbsp;&nbsp; 1087 | 1053429 |
| 3.05%, 01/06/28 | &nbsp;&nbsp; 880 | 871325 |
| 3.35%, 04/18/29 | &nbsp;&nbsp; 1175 | 1159372 |
| 3.45%, 03/07/29 | &nbsp;&nbsp; 1498 | 1485289 |
| 3.90%, 06/07/32 | &nbsp;&nbsp; 1200 | 1189629 |
| 4.15%, 09/15/27 | &nbsp;&nbsp; 1400 | 1409636 |
| 4.20%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1315 | 1324680 |
| 4.35%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1370 | 1388725 |
| 4.38%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1390 | 1414501 |
| 4.40%, 09/08/31<sup>(a)</sup> | &nbsp;&nbsp; 2391 | 2439074 |
| 4.50%, 01/16/29 | &nbsp;&nbsp; 1579 | 1613342 |
| 4.65%, 01/07/28 | &nbsp;&nbsp; 1370 | 1395435 |
| 4.70%, 06/10/30 | &nbsp;&nbsp; 2055 | 2121124 |
| 4.75%, 01/20/28<sup>(a)</sup> | &nbsp;&nbsp; 1815 | 1853613 |
| 4.85%, 03/05/27 | &nbsp;&nbsp; 675 | 682819 |
| 4.85%, 06/11/29 | &nbsp;&nbsp; 1620 | 1672498 |
| 4.85%, 10/11/29<sup>(a)</sup> | &nbsp;&nbsp; 1007 | 1046280 |
| 4.90%, 06/11/27 | &nbsp;&nbsp; 1380 | 1401116 |
| 4.90%, 03/03/28<sup>(a)</sup> | &nbsp;&nbsp; 1235 | 1265525 |
| 4.90%, 03/07/31<sup>(a)</sup> | &nbsp;&nbsp; 815 | 848655 |
| 4.95%, 07/14/28 | &nbsp;&nbsp; 2320 | 2385485 |
| 5.10%, 04/11/34 | &nbsp;&nbsp; 2265 | 2366878 |
| 5.15%, 09/08/33 | &nbsp;&nbsp; 1600 | 1691654 |
| Series 1, 5.05%, 06/12/34 | &nbsp;&nbsp; 1690 | 1760917 |
| Series I, 4.25%, 06/05/28<sup>(a)</sup> | &nbsp;&nbsp; 1430 | 1448912 |
| Series I, 4.55%, 06/05/30<sup>(a)</sup> | &nbsp;&nbsp; 1790 | 1833863 |
| Komatsu Finance America, Inc. |  |  |
| 4.20%, 09/18/30<sup>(b)</sup> | &nbsp;&nbsp; 830 | 834431 |
| 5.50%, 10/06/27<sup>(b)</sup> | &nbsp;&nbsp; 570 | 583680 |
| Nordson Corp. |  |  |
| 4.50%, 12/15/29 | &nbsp;&nbsp; 985 | 998336 |
| 5.60%, 09/15/28 | &nbsp;&nbsp; 800 | 827249 |
| 5.80%, 09/15/33 | &nbsp;&nbsp; 455 | 486508 |
| nVent Finance SARL |  |  |
| 2.75%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 561 | 508355 |
| 4.55%, 04/15/28 | &nbsp;&nbsp; 863 | 869433 |
| 5.65%, 05/15/33 | &nbsp;&nbsp; 845 | 892987 |
| Oshkosh Corp. |  |  |
| 3.10%, 03/01/30 | &nbsp;&nbsp; 720 | 691867 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 815 | 822896 |
| Otis Worldwide Corp. |  |  |
| 2.29%, 04/05/27<sup>(a)</sup> | &nbsp;&nbsp; 800 | 787563 |
| 2.57%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3214 | 3036566 |
| 3.11%, 02/15/40 | &nbsp;&nbsp; 1491 | 1195771 |
| 3.36%, 02/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1387 | 997593 |
| 5.13%, 11/19/31<sup>(a)</sup> | &nbsp;&nbsp; 1460 | 1527942 |
| 5.13%, 09/04/35 | &nbsp;&nbsp; 795 | 819143 |
| 5.25%, 08/16/28 | &nbsp;&nbsp; 1430 | 1475460 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Regal Rexnord Corp. |  |  |
| 6.05%, 04/15/28 | &nbsp;&nbsp; $2330 | $2416029 |
| 6.30%, 02/15/30 | &nbsp;&nbsp; 2190 | 2338404 |
| 6.40%, 04/15/33 | &nbsp;&nbsp; 2220 | 2413863 |
| Rockwell Automation, Inc. |  |  |
| 1.75%, 08/15/31 | &nbsp;&nbsp; 1565 | 1386381 |
| 2.80%, 08/15/61<sup>(a)</sup> | &nbsp;&nbsp; 680 | 397783 |
| 3.50%, 03/01/29 | &nbsp;&nbsp; 908 | 897079 |
| 4.20%, 03/01/49 | &nbsp;&nbsp; 812 | 688396 |
| 6.25%, 12/01/37 | &nbsp;&nbsp; 437 | 492064 |
| 6.70%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 434 | 456556 |
| Vertiv Group Corp., 4.13%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4980 |
| Vertiv Holdings Co. |  |  |
| 4.85%, 03/15/36 | &nbsp;&nbsp; 385 | 383517 |
| 5.65%, 03/15/46 | &nbsp;&nbsp; 495 | 491621 |
| 5.80%, 03/15/56 | &nbsp;&nbsp; 215 | 215359 |
| 5.95%, 03/15/66 | &nbsp;&nbsp; 465 | 463111 |
| Weir Group, Inc., 5.35%, 05/06/30<sup>(b)</sup> | &nbsp;&nbsp; 295 | 305422 |
| Westinghouse Air Brake Technologies Corp. |  |  |
| 4.70%, 09/15/28 | &nbsp;&nbsp; 2354 | 2390725 |
| 4.90%, 05/29/30<sup>(a)</sup> | &nbsp;&nbsp; 940 | 968233 |
| 5.50%, 05/29/35 | &nbsp;&nbsp; 890 | 936613 |
| 5.61%, 03/11/34 | &nbsp;&nbsp; 800 | 848352 |
| Xylem, Inc. |  |  |
| 1.95%, 01/30/28 | &nbsp;&nbsp; 1568 | 1514150 |
| 2.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 1173 | 1073816 |
| 4.38%, 11/01/46 | &nbsp;&nbsp; 725 | 629867 |
|  |  | 164474999 |
| **Manufacturing — 0.5%** | **Manufacturing — 0.5%** | **Manufacturing — 0.5%** |
| 3M Co. |  |  |
| 2.38%, 08/26/29 | &nbsp;&nbsp; 2536 | 2408575 |
| 2.88%, 10/15/27 | &nbsp;&nbsp; 1763 | 1739755 |
| 3.05%, 04/15/30 | &nbsp;&nbsp; 1138 | 1096512 |
| 3.13%, 09/19/46<sup>(a)</sup> | &nbsp;&nbsp; 328 | 231953 |
| 3.25%, 08/26/49 | &nbsp;&nbsp; 1860 | 1303020 |
| 3.38%, 03/01/29 | &nbsp;&nbsp; 1597 | 1572153 |
| 3.63%, 09/14/28 | &nbsp;&nbsp; 1584 | 1576596 |
| 3.63%, 10/15/47 | &nbsp;&nbsp; 938 | 715599 |
| 3.70%, 04/15/50 | &nbsp;&nbsp; 1527 | 1151091 |
| 3.88%, 06/15/44<sup>(a)</sup> | &nbsp;&nbsp; 580 | 476589 |
| 4.00%, 09/14/48 | &nbsp;&nbsp; 1855 | 1497595 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 990 | 1017912 |
| 5.15%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1145 | 1183735 |
| 5.70%, 03/15/37 | &nbsp;&nbsp; 1265 | 1352020 |
| Eaton Corp. |  |  |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 1227 | 1216306 |
| 3.92%, 09/15/47 | &nbsp;&nbsp; 662 | 548091 |
| 4.00%, 11/02/32<sup>(a)</sup> | &nbsp;&nbsp; 935 | 928959 |
| 4.15%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1910 | 1906276 |
| 4.15%, 11/02/42 | &nbsp;&nbsp; 1823 | 1615227 |
| 4.35%, 05/18/28<sup>(a)</sup> | &nbsp;&nbsp; 1445 | 1463009 |
| 4.70%, 08/23/52<sup>(a)</sup> | &nbsp;&nbsp; 875 | 798854 |
| Illinois Tool Works, Inc. |  |  |
| 3.90%, 09/01/42 | &nbsp;&nbsp; 1765 | 1524605 |
| 4.88%, 09/15/41 | &nbsp;&nbsp; 1250 | 1224137 |
| Parker-Hannifin Corp. |  |  |
| 3.25%, 06/14/29 | &nbsp;&nbsp; 2451 | 2403149 |
| 4.00%, 06/14/49 | &nbsp;&nbsp; 1417 | 1162505 |
| 4.10%, 03/01/47 | &nbsp;&nbsp; 1200 | 1011337 |
| 4.20%, 11/21/34<sup>(a)</sup> | &nbsp;&nbsp; 889 | 877867 |
| 4.25%, 09/15/27 | &nbsp;&nbsp; 1350 | 1358493 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Manufacturing (continued)** | **Manufacturing (continued)** | **Manufacturing (continued)** |
| 4.45%, 11/21/44 | &nbsp;&nbsp; $244 | $219171 |
| 4.50%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1889 | 1924771 |
| 6.25%, 05/15/38<sup>(a)</sup> | &nbsp;&nbsp; 485 | 548379 |
| Pentair Finance SARL |  |  |
| 4.50%, 07/01/29 | &nbsp;&nbsp; 990 | 999566 |
| 5.90%, 07/15/32 | &nbsp;&nbsp; 749 | 804025 |
| Siemens Financieringsmaatschappij NV |  |  |
| 1.70%, 03/11/28<sup>(b)</sup> | &nbsp;&nbsp; 2468 | 2373601 |
| 2.15%, 03/11/31<sup>(b)</sup> | &nbsp;&nbsp; 3006 | 2756738 |
| 2.88%, 03/11/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 2450 | 1901987 |
| 3.30%, 09/15/46<sup>(b)</sup> | &nbsp;&nbsp; 2131 | 1608367 |
| 3.40%, 03/16/27<sup>(b)</sup> | &nbsp;&nbsp; 1825 | 1819418 |
| 4.20%, 03/16/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 2499 | 2171699 |
| 4.40%, 05/27/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 2957 | 2670009 |
| Siemens Funding BV |  |  |
| 4.35%, 05/26/28<sup>(b)</sup> | &nbsp;&nbsp; 1700 | 1722259 |
| 4.60%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp; 2940 | 3011869 |
| 4.90%, 05/28/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1850 | 1920241 |
| 5.20%, 05/28/35<sup>(b)</sup> | &nbsp;&nbsp; 2130 | 2232438 |
| 5.80%, 05/28/55<sup>(b)</sup> | &nbsp;&nbsp; 2180 | 2303246 |
| 5.90%, 05/28/65<sup>(b)</sup> | &nbsp;&nbsp; 1295 | 1370620 |
| Teledyne Technologies, Inc. |  |  |
| 2.25%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1090 | 1054546 |
| 2.75%, 04/01/31 | &nbsp;&nbsp; 1874 | 1752578 |
| Textron, Inc. |  |  |
| 2.45%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 827 | 758799 |
| 3.00%, 06/01/30 | &nbsp;&nbsp; 1155 | 1105731 |
| 3.38%, 03/01/28 | &nbsp;&nbsp; 857 | 847574 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 630 | 628006 |
| 3.90%, 09/17/29 | &nbsp;&nbsp; 1145 | 1137947 |
| 4.95%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 660 | 663381 |
| 5.50%, 05/15/35 | &nbsp;&nbsp; 890 | 936397 |
| 6.10%, 11/15/33 | &nbsp;&nbsp; 655 | 715862 |
|  |  | 77321145 |
| **Media — 1.9%** | **Media — 1.9%** | **Media — 1.9%** |
| Charter Communications <br> Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| 2.25%, 01/15/29 | &nbsp;&nbsp; 3940 | 3719434 |
| 2.30%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1935 | 1688189 |
| 2.80%, 04/01/31 | &nbsp;&nbsp; 4525 | 4113309 |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 2895 | 2085541 |
| 3.50%, 03/01/42 | &nbsp;&nbsp; 2979 | 2103650 |
| 3.70%, 04/01/51 | &nbsp;&nbsp; 3769 | 2432400 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 3562 | 3530555 |
| 3.85%, 04/01/61<sup>(a)</sup> | &nbsp;&nbsp; 3287 | 1987699 |
| 3.90%, 06/01/52 | &nbsp;&nbsp; 4180 | 2750574 |
| 3.95%, 06/30/62 | &nbsp;&nbsp; 2535 | 1549588 |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 3148 | 3146251 |
| 4.40%, 04/01/33 | &nbsp;&nbsp; 2265 | 2157043 |
| 4.40%, 12/01/61 | &nbsp;&nbsp; 2484 | 1661174 |
| 4.80%, 03/01/50 | &nbsp;&nbsp; 5464 | 4162808 |
| 5.05%, 03/30/29 | &nbsp;&nbsp; 4171 | 4236096 |
| 5.13%, 07/01/49 | &nbsp;&nbsp; 2150 | 1706396 |
| 5.25%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 3005 | 2423741 |
| 5.38%, 04/01/38 | &nbsp;&nbsp; 1870 | 1733027 |
| 5.38%, 05/01/47 | &nbsp;&nbsp; 4426 | 3689026 |
| 5.50%, 04/01/63 | &nbsp;&nbsp; 1820 | 1452396 |
| 5.75%, 04/01/48 | &nbsp;&nbsp; 4505 | 3921101 |
| 5.85%, 12/01/35 | &nbsp;&nbsp; 2290 | 2304636 |
| 6.10%, 06/01/29 | &nbsp;&nbsp; 2815 | 2950346 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 6.38%, 10/23/35 | &nbsp;&nbsp; $3711 | $3876391 |
| 6.48%, 10/23/45<sup>(a)</sup> | &nbsp;&nbsp; 6102 | 5794020 |
| 6.55%, 06/01/34 | &nbsp;&nbsp; 3350 | 3562813 |
| 6.65%, 02/01/34 | &nbsp;&nbsp; 2345 | 2490553 |
| 6.70%, 12/01/55<sup>(a)</sup> | &nbsp;&nbsp; 1415 | 1380108 |
| 6.83%, 10/23/55<sup>(a)</sup> | &nbsp;&nbsp; 880 | 863363 |
| Comcast Corp. |  |  |
| 1.50%, 02/15/31 | &nbsp;&nbsp; 3795 | 3351066 |
| 1.95%, 01/15/31 | &nbsp;&nbsp; 4107 | 3713045 |
| 2.45%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 2708 | 1478989 |
| 2.65%, 02/01/30 | &nbsp;&nbsp; 2779 | 2645249 |
| 2.65%, 08/15/62 | &nbsp;&nbsp; 2318 | 1203054 |
| 2.80%, 01/15/51 | &nbsp;&nbsp; 3553 | 2123686 |
| 2.89%, 11/01/51 | &nbsp;&nbsp; 9225 | 5568568 |
| 2.94%, 11/01/56 | &nbsp;&nbsp; 10147 | 5917442 |
| 2.99%, 11/01/63 | &nbsp;&nbsp; 6911 | 3851098 |
| 3.15%, 02/15/28 | &nbsp;&nbsp; 340 | 336082 |
| 3.20%, 07/15/36 | &nbsp;&nbsp; 2372 | 2059153 |
| 3.25%, 11/01/39 | &nbsp;&nbsp; 2258 | 1802564 |
| 3.40%, 04/01/30 | &nbsp;&nbsp; 3022 | 2955975 |
| 3.40%, 07/15/46 | &nbsp;&nbsp; 2841 | 2027375 |
| 3.45%, 02/01/50<sup>(a)</sup> | &nbsp;&nbsp; 3183 | 2189882 |
| 3.75%, 04/01/40 | &nbsp;&nbsp; 3389 | 2858920 |
| 3.90%, 03/01/38 | &nbsp;&nbsp; 2142 | 1904888 |
| 3.97%, 11/01/47 | &nbsp;&nbsp; 3556 | 2739691 |
| 4.00%, 08/15/47 | &nbsp;&nbsp; 1982 | 1539441 |
| 4.00%, 03/01/48<sup>(a)</sup> | &nbsp;&nbsp; 2154 | 1660320 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 3726 | 2816921 |
| 4.05%, 11/01/52 | &nbsp;&nbsp; 2011 | 1509303 |
| 4.15%, 10/15/28 | &nbsp;&nbsp; 490 | 493506 |
| 4.20%, 08/15/34 | &nbsp;&nbsp; 1896 | 1839495 |
| 4.25%, 10/15/30 | &nbsp;&nbsp; 2936 | 2961740 |
| 4.25%, 01/15/33 | &nbsp;&nbsp; 2869 | 2841806 |
| 4.40%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1786 | 1733498 |
| 4.60%, 10/15/38 | &nbsp;&nbsp; 1800 | 1701854 |
| 4.60%, 08/15/45 | &nbsp;&nbsp; 1817 | 1586969 |
| 4.65%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1985 | 2016631 |
| 4.65%, 07/15/42 | &nbsp;&nbsp; 1430 | 1283626 |
| 4.70%, 10/15/48 | &nbsp;&nbsp; 3727 | 3182231 |
| 4.75%, 03/01/44 | &nbsp;&nbsp; 1026 | 917671 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 1755 | 1790911 |
| 4.95%, 05/15/32 | &nbsp;&nbsp; 1045 | 1080739 |
| 4.95%, 10/15/58 | &nbsp;&nbsp; 845 | 723243 |
| 5.10%, 06/01/29 | &nbsp;&nbsp; 150 | 155659 |
| 5.17%, 01/15/37<sup>(b)</sup> | &nbsp;&nbsp; 2227 | 2242289 |
| 5.30%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 2015 | 2105278 |
| 5.30%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1665 | 1742147 |
| 5.35%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 2480 | 2284315 |
| 5.50%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2230 | 2380141 |
| 5.50%, 05/15/64<sup>(a)</sup> | &nbsp;&nbsp; 2415 | 2224497 |
| 5.65%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2157 | 2300674 |
| 5.65%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 2275 | 2193905 |
| 6.05%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 2160 | 2211742 |
| 6.40%, 03/01/40<sup>(a)</sup> | &nbsp;&nbsp; 515 | 565295 |
| 6.45%, 03/15/37 | &nbsp;&nbsp; 1172 | 1307872 |
| 6.50%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1514 | 1707412 |
| 6.55%, 07/01/39 | &nbsp;&nbsp; 565 | 630223 |
| 6.95%, 08/15/37<sup>(a)</sup> | &nbsp;&nbsp; 1250 | 1448480 |
| 7.05%, 03/15/33 | &nbsp;&nbsp; 1044 | 1206234 |
| Cox Communications, Inc. |  |  |
| 1.80%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 1940 | 1715920 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 2.60%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; $1450 | $1308003 |
| 2.95%, 10/01/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1225 | 694456 |
| 3.50%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp; 1596 | 1580970 |
| 3.60%, 06/15/51<sup>(b)</sup> | &nbsp;&nbsp; 1225 | 780190 |
| 4.50%, 06/30/43<sup>(b)</sup> | &nbsp;&nbsp; 990 | 779418 |
| 4.60%, 08/15/47<sup>(b)</sup> | &nbsp;&nbsp; 1445 | 1090314 |
| 4.70%, 12/15/42<sup>(b)</sup> | &nbsp;&nbsp; 575 | 463116 |
| 4.80%, 02/01/35<sup>(b)</sup> | &nbsp;&nbsp; 1941 | 1822423 |
| 5.45%, 09/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2498 | 2577280 |
| 5.45%, 09/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 930 | 920885 |
| 5.70%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 1948 | 1980296 |
| 5.80%, 12/15/53<sup>(a)(b)</sup> | &nbsp;&nbsp; 1490 | 1300612 |
| 5.95%, 09/01/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 1265 | 1134188 |
| 8.38%, 03/01/39<sup>(b)</sup> | &nbsp;&nbsp; 695 | 818955 |
| FactSet Research Systems, Inc. |  |  |
| 2.90%, 03/01/27 | &nbsp;&nbsp; 879 | 867781 |
| 3.45%, 03/01/32 | &nbsp;&nbsp; 1020 | 934659 |
| Fox Corp. |  |  |
| 3.50%, 04/08/30 | &nbsp;&nbsp; 2088 | 2035588 |
| 4.71%, 01/25/29 | &nbsp;&nbsp; 4196 | 4259824 |
| 5.48%, 01/25/39 | &nbsp;&nbsp; 2178 | 2165923 |
| 5.58%, 01/25/49<sup>(a)</sup> | &nbsp;&nbsp; 2432 | 2310975 |
| 6.50%, 10/13/33 | &nbsp;&nbsp; 2350 | 2579315 |
| NBCUniversal Media LLC |  |  |
| 4.45%, 01/15/43 | &nbsp;&nbsp; 1495 | 1292753 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 685 | 711713 |
| 6.40%, 04/30/40<sup>(a)</sup> | &nbsp;&nbsp; 740 | 813931 |
| News Corp. |  |  |
| 3.88%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp; 810 | 790219 |
| 5.13%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 695 | 691447 |
| Paramount Global |  |  |
| 3.38%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 613 | 592410 |
| 3.70%, 06/01/28 | &nbsp;&nbsp; 749 | 724945 |
| 4.20%, 06/01/29 | &nbsp;&nbsp; 557 | 535107 |
| 4.20%, 05/19/32 | &nbsp;&nbsp; 1271 | 1119209 |
| 4.38%, 03/15/43 | &nbsp;&nbsp; 2135 | 1346559 |
| 4.60%, 01/15/45 | &nbsp;&nbsp; 772 | 480789 |
| 4.85%, 07/01/42 | &nbsp;&nbsp; 849 | 565953 |
| 4.90%, 08/15/44 | &nbsp;&nbsp; 710 | 456191 |
| 4.95%, 01/15/31 | &nbsp;&nbsp; 1527 | 1425011 |
| 4.95%, 05/19/50 | &nbsp;&nbsp; 1313 | 829762 |
| 5.25%, 04/01/44 | &nbsp;&nbsp; 426 | 283819 |
| 5.50%, 05/15/33 | &nbsp;&nbsp; 523 | 474236 |
| 5.85%, 09/01/43 | &nbsp;&nbsp; 1700 | 1259273 |
| 5.90%, 10/15/40 | &nbsp;&nbsp; 478 | 364140 |
| 6.88%, 04/30/36 | &nbsp;&nbsp; 1369 | 1244130 |
| 7.88%, 07/30/30 | &nbsp;&nbsp; 910 | 958674 |
| Sky Group Finance Ltd., 6.50%, 10/15/35<sup>(b)</sup> | &nbsp;&nbsp; 526 | 585463 |
| TCI Communications, Inc., 7.13%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1314 | 1394869 |
| Time Warner Cable Enterprises LLC, 8.38%, <br> 07/15/33<br>| &nbsp;&nbsp; 1543 | 1804273 |
| Time Warner Cable LLC |  |  |
| 4.50%, 09/15/42 | &nbsp;&nbsp; 2113 | 1666340 |
| 5.50%, 09/01/41 | &nbsp;&nbsp; 2411 | 2156592 |
| 5.88%, 11/15/40 | &nbsp;&nbsp; 1632 | 1530831 |
| 6.55%, 05/01/37 | &nbsp;&nbsp; 2449 | 2521028 |
| 6.75%, 06/15/39 | &nbsp;&nbsp; 2867 | 2936515 |
| 7.30%, 07/01/38<sup>(a)</sup> | &nbsp;&nbsp; 3135 | 3392689 |
| TWDC Enterprises 18 Corp. |  |  |
| 2.95%, 06/15/27 | &nbsp;&nbsp; 1727 | 1712793 |
| 3.00%, 07/30/46<sup>(a)</sup> | &nbsp;&nbsp; 405 | 287562 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 3.70%, 12/01/42 | &nbsp;&nbsp; $970 | $797605 |
| 4.13%, 06/01/44 | &nbsp;&nbsp; 1910 | 1629077 |
| 4.38%, 08/16/41 | &nbsp;&nbsp; 689 | 627927 |
| Series B, 7.00%, 03/01/32 | &nbsp;&nbsp; 353 | 404850 |
| Series E, 4.13%, 12/01/41 | &nbsp;&nbsp; 923 | 816565 |
| Videotron Ltd. |  |  |
| 3.63%, 06/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1420 | 1388458 |
| 5.70%, 01/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1175 | 1214663 |
| Walt Disney Co.(The) |  |  |
| 2.00%, 09/01/29 | &nbsp;&nbsp; 3864 | 3644841 |
| 2.20%, 01/13/28<sup>(a)</sup> | &nbsp;&nbsp; 2484 | 2425662 |
| 2.65%, 01/13/31 | &nbsp;&nbsp; 4955 | 4692802 |
| 2.75%, 09/01/49 | &nbsp;&nbsp; 2725 | 1759266 |
| 3.50%, 05/13/40 | &nbsp;&nbsp; 3355 | 2843998 |
| 3.60%, 01/13/51 | &nbsp;&nbsp; 3915 | 2941583 |
| 3.70%, 03/23/27 | &nbsp;&nbsp; 953 | 953236 |
| 3.75%, 03/14/29 | &nbsp;&nbsp; 2800 | 2801280 |
| 3.80%, 03/22/30 | &nbsp;&nbsp; 2890 | 2888523 |
| 3.80%, 05/13/60 | &nbsp;&nbsp; 2314 | 1714303 |
| 4.00%, 03/14/31 | &nbsp;&nbsp; 2745 | 2750688 |
| 4.63%, 03/14/36 | &nbsp;&nbsp; 2050 | 2044042 |
| 4.63%, 03/23/40<sup>(a)</sup> | &nbsp;&nbsp; 1273 | 1233297 |
| 4.70%, 03/23/50<sup>(a)</sup> | &nbsp;&nbsp; 3125 | 2820062 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 1048 | 974791 |
| 4.75%, 11/15/46 | &nbsp;&nbsp; 972 | 890218 |
| 4.95%, 10/15/45 | &nbsp;&nbsp; 943 | 894462 |
| 5.40%, 10/01/43<sup>(a)</sup> | &nbsp;&nbsp; 989 | 1007447 |
| 6.15%, 03/01/37 | &nbsp;&nbsp; 1110 | 1248192 |
| 6.15%, 02/15/41<sup>(a)</sup> | &nbsp;&nbsp; 1332 | 1469534 |
| 6.20%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1830 | 2068764 |
| 6.40%, 12/15/35 | &nbsp;&nbsp; 2434 | 2771466 |
| 6.55%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 595 | 678748 |
| 6.65%, 11/15/37 | &nbsp;&nbsp; 2750 | 3176692 |
| 7.75%, 12/01/45 | &nbsp;&nbsp; 474 | 610215 |
|  |  | 315838597 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Precision Castparts Corp. |  |  |
| 3.90%, 01/15/43 | &nbsp;&nbsp; 455 | 391122 |
| 4.20%, 06/15/35 | &nbsp;&nbsp; 520 | 507633 |
| 4.38%, 06/15/45<sup>(a)</sup> | &nbsp;&nbsp; 816 | 725840 |
| Timken Co.(The) |  |  |
| 4.13%, 04/01/32 | &nbsp;&nbsp; 565 | 549591 |
| 4.50%, 12/15/28 | &nbsp;&nbsp; 920 | 928576 |
| Valmont Industries, Inc. |  |  |
| 5.00%, 10/01/44 | &nbsp;&nbsp; 959 | 888796 |
| 5.25%, 10/01/54 | &nbsp;&nbsp; 545 | 524603 |
|  |  | 4516161 |
| **Mining — 1.2%** | **Mining — 1.2%** | **Mining — 1.2%** |
| Anglo American Capital PLC |  |  |
| 2.63%, 09/10/30<sup>(b)</sup> | &nbsp;&nbsp; 1735 | 1619662 |
| 2.88%, 03/17/31<sup>(b)</sup> | &nbsp;&nbsp; 1233 | 1156108 |
| 3.88%, 03/16/29<sup>(b)</sup> | &nbsp;&nbsp; 1675 | 1665663 |
| 3.95%, 09/10/50<sup>(b)</sup> | &nbsp;&nbsp; 1280 | 983786 |
| 4.00%, 09/11/27<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49868 |
| 4.50%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp; 2240 | 2257714 |
| 4.75%, 04/10/27<sup>(b)</sup> | &nbsp;&nbsp; 1105 | 1113759 |
| 4.75%, 03/16/52<sup>(b)</sup> | &nbsp;&nbsp; 1500 | 1295829 |
| 5.50%, 05/02/33<sup>(b)</sup> | &nbsp;&nbsp; 1960 | 2052533 |
| 5.63%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp; 2080 | 2183148 |
| 5.75%, 04/05/34<sup>(b)</sup> | &nbsp;&nbsp; 1990 | 2113651 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| 6.00%, 04/05/54<sup>(a)(b)</sup> | &nbsp;&nbsp; $990 | $1018180 |
| AngloGold Ashanti Holdings PLC |  |  |
| 3.38%, 11/01/28 | &nbsp;&nbsp; 1070 | 1041482 |
| 3.75%, 10/01/30 | &nbsp;&nbsp; 1157 | 1117932 |
| Antofagasta PLC |  |  |
| 2.38%, 10/14/30<sup>(b)</sup> | &nbsp;&nbsp; 445 | 403923 |
| 5.63%, 05/13/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 740 | 776956 |
| 5.63%, 09/09/35<sup>(b)</sup> | &nbsp;&nbsp; 290 | 299846 |
| 6.25%, 05/02/34<sup>(b)</sup> | &nbsp;&nbsp; 705 | 762748 |
| Barrick International Barbados Corp., 6.35%, <br> 10/15/36<sup>(b)</sup><br>| &nbsp;&nbsp; 290 | 322730 |
| Barrick Mining Corp. |  |  |
| 5.25%, 04/01/42<sup>(a)</sup> | &nbsp;&nbsp; 750 | 757770 |
| 6.45%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 575 | 642879 |
| Barrick North America Finance LLC |  |  |
| 5.70%, 05/30/41 | &nbsp;&nbsp; 1431 | 1487480 |
| 5.75%, 05/01/43 | &nbsp;&nbsp; 1803 | 1873496 |
| 7.50%, 09/15/38<sup>(a)</sup> | &nbsp;&nbsp; 727 | 877256 |
| Barrick PD Australia Finance Pty. Ltd., 5.95%, <br> 10/15/39<br>| &nbsp;&nbsp; 1260 | 1350897 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.13%, 02/24/42 | &nbsp;&nbsp; 2019 | 1779306 |
| 4.75%, 02/28/28<sup>(a)</sup> | &nbsp;&nbsp; 1923 | 1958219 |
| 4.90%, 02/28/33 | &nbsp;&nbsp; 1713 | 1762760 |
| 5.00%, 02/21/30 | &nbsp;&nbsp; 1810 | 1876661 |
| 5.00%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 325 | 334243 |
| 5.00%, 09/30/43 | &nbsp;&nbsp; 4506 | 4373773 |
| 5.10%, 09/08/28<sup>(a)</sup> | &nbsp;&nbsp; 1450 | 1494192 |
| 5.13%, 02/21/32 | &nbsp;&nbsp; 1695 | 1773381 |
| 5.25%, 09/08/30 | &nbsp;&nbsp; 1661 | 1743437 |
| 5.25%, 09/08/33 | &nbsp;&nbsp; 3285 | 3447466 |
| 5.30%, 02/21/35 | &nbsp;&nbsp; 2805 | 2941673 |
| 5.50%, 09/08/53<sup>(a)</sup> | &nbsp;&nbsp; 1615 | 1628331 |
| 5.75%, 09/05/55<sup>(a)</sup> | &nbsp;&nbsp; 1465 | 1529711 |
| Corp. Nacional del Cobre de Chile |  |  |
| 3.00%, 09/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1939 | 1858276 |
| 3.15%, 01/14/30<sup>(b)</sup> | &nbsp;&nbsp; 1741 | 1676962 |
| 3.15%, 01/15/51<sup>(b)</sup> | &nbsp;&nbsp; 1047 | 699423 |
| 3.63%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp; 1865 | 1853043 |
| 3.70%, 01/30/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 4893 | 3564648 |
| 3.75%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 935 | 909633 |
| 4.25%, 07/17/42<sup>(b)</sup> | &nbsp;&nbsp; 1410 | 1192756 |
| 4.38%, 02/05/49<sup>(b)</sup> | &nbsp;&nbsp; 2515 | 2045953 |
| 4.50%, 08/01/47<sup>(b)</sup> | &nbsp;&nbsp; 2235 | 1882419 |
| 4.88%, 11/04/44<sup>(b)</sup> | &nbsp;&nbsp; 1677 | 1515806 |
| 5.13%, 02/02/33<sup>(b)</sup> | &nbsp;&nbsp; 1685 | 1722648 |
| 5.53%, 01/30/37<sup>(b)</sup> | &nbsp;&nbsp; 1800 | 1843200 |
| 5.63%, 09/21/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 954 | 995816 |
| 5.63%, 10/18/43<sup>(a)(b)</sup> | &nbsp;&nbsp; 1633 | 1612718 |
| 5.95%, 01/08/34<sup>(b)</sup> | &nbsp;&nbsp; 2237 | 2372459 |
| 6.15%, 10/24/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 825 | 891441 |
| 6.30%, 09/08/53<sup>(b)</sup> | &nbsp;&nbsp; 2035 | 2138470 |
| 6.33%, 01/13/35<sup>(b)</sup> | &nbsp;&nbsp; 2250 | 2434230 |
| 6.44%, 01/26/36<sup>(b)</sup> | &nbsp;&nbsp; 2807 | 3070749 |
| 6.78%, 01/13/55<sup>(b)</sup> | &nbsp;&nbsp; 2420 | 2669212 |
| Freeport Indonesia PT |  |  |
| 4.76%, 04/14/27<sup>(b)</sup> | &nbsp;&nbsp; 1410 | 1413672 |
| 5.32%, 04/14/32<sup>(b)</sup> | &nbsp;&nbsp; 2305 | 2356846 |
| 6.20%, 04/14/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 1625 | 1659663 |
| Freeport-McMoRan, Inc. |  |  |
| 4.13%, 03/01/28 | &nbsp;&nbsp; 935 | 935047 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| 4.25%, 03/01/30 | &nbsp;&nbsp; $1340 | $1341862 |
| 4.38%, 08/01/28 | &nbsp;&nbsp; 930 | 931047 |
| 4.63%, 08/01/30 | &nbsp;&nbsp; 1666 | 1685385 |
| 5.00%, 09/01/27 | &nbsp;&nbsp; 545 | 545412 |
| 5.25%, 09/01/29 | &nbsp;&nbsp; 1360 | 1380854 |
| 5.40%, 11/14/34 | &nbsp;&nbsp; 1200 | 1255540 |
| 5.45%, 03/15/43 | &nbsp;&nbsp; 3380 | 3344121 |
| Fresnillo PLC, 4.25%, 10/02/50<sup>(b)</sup> | &nbsp;&nbsp; 954 | 764414 |
| Glencore Canada Corp., 6.20%, 06/15/35 | &nbsp;&nbsp; 485 | 520958 |
| Glencore Finance Canada Ltd. |  |  |
| 5.55%, 10/25/42<sup>(b)</sup> | &nbsp;&nbsp; 721 | 722384 |
| 6.00%, 11/15/41<sup>(b)</sup> | &nbsp;&nbsp; 915 | 963584 |
| 6.90%, 11/15/37<sup>(b)</sup> | &nbsp;&nbsp; 939 | 1077992 |
| Glencore Funding LLC |  |  |
| 2.50%, 09/01/30<sup>(b)</sup> | &nbsp;&nbsp; 1960 | 1817112 |
| 2.63%, 09/23/31<sup>(b)</sup> | &nbsp;&nbsp; 2135 | 1947306 |
| 2.85%, 04/27/31<sup>(b)</sup> | &nbsp;&nbsp; 1295 | 1208487 |
| 3.38%, 09/23/51<sup>(b)</sup> | &nbsp;&nbsp; 935 | 643228 |
| 3.88%, 10/27/27<sup>(b)</sup> | &nbsp;&nbsp; 1035 | 1032791 |
| 3.88%, 04/27/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 732 | 555072 |
| 4.00%, 03/27/27<sup>(b)</sup> | &nbsp;&nbsp; 1652 | 1652439 |
| 4.88%, 03/12/29<sup>(b)</sup> | &nbsp;&nbsp; 1474 | 1503810 |
| 4.91%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 1040 | 1059010 |
| 5.19%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp; 1900 | 1966024 |
| 5.34%, 04/04/27<sup>(b)</sup> | &nbsp;&nbsp; 1245 | 1262981 |
| 5.37%, 04/04/29<sup>(b)</sup> | &nbsp;&nbsp; 1690 | 1751756 |
| 5.40%, 05/08/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1180 | 1213049 |
| 5.63%, 04/04/34<sup>(b)</sup> | &nbsp;&nbsp; 1870 | 1977732 |
| 5.67%, 04/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1520 | 1605905 |
| 5.70%, 05/08/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1205 | 1281250 |
| 5.89%, 04/04/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 835 | 856035 |
| 6.13%, 10/06/28<sup>(b)</sup> | &nbsp;&nbsp; 1485 | 1555729 |
| 6.14%, 04/01/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 1690 | 1785270 |
| 6.38%, 10/06/30<sup>(b)</sup> | &nbsp;&nbsp; 1375 | 1488297 |
| 6.50%, 10/06/33<sup>(b)</sup> | &nbsp;&nbsp; 2675 | 2981202 |
| Gold Fields Orogen Holdings BVI Ltd., 6.13%, <br> 05/15/29<sup>(b)</sup><br>| &nbsp;&nbsp; 265 | 278259 |
| Indonesia Asahan Aluminium PT/Mineral <br> Industri Indonesia Persero PT<br>|  |  |
| 5.45%, 05/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1800 | 1858410 |
| 5.80%, 05/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 855 | 819863 |
| 6.53%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1216 | 1284236 |
| 6.76%, 11/15/48<sup>(b)</sup> | &nbsp;&nbsp; 600 | 641619 |
| Industrias Penoles SAB de CV |  |  |
| 4.15%, 09/12/29<sup>(b)</sup> | &nbsp;&nbsp; 1170 | 1164447 |
| 4.75%, 08/06/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 726 | 617347 |
| 5.65%, 09/12/49<sup>(b)</sup> | &nbsp;&nbsp; 1390 | 1338737 |
| Kinross Gold Corp. |  |  |
| 6.25%, 07/15/33 | &nbsp;&nbsp; 870 | 956850 |
| 6.88%, 09/01/41<sup>(a)</sup> | &nbsp;&nbsp; 500 | 551302 |
| Minera Mexico SA de CV |  |  |
| 4.50%, 01/26/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1655 | 1417276 |
| 5.63%, 02/12/32<sup>(b)</sup> | &nbsp;&nbsp; 740 | 770932 |
| Newcastle Coal Infrastructure Group Pty. Ltd. |  |  |
| 4.40%, 09/29/27<sup>(b)</sup> | &nbsp;&nbsp; 574 | 574371 |
| 4.70%, 05/12/31<sup>(b)</sup> | &nbsp;&nbsp; 808 | 803594 |
| Newmont Corp. |  |  |
| 2.60%, 07/15/32 | &nbsp;&nbsp; 1640 | 1506773 |
| 2.80%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 680 | 656729 |
| 4.88%, 03/15/42<sup>(a)</sup> | &nbsp;&nbsp; 782 | 758296 |
| 5.45%, 06/09/44 | &nbsp;&nbsp; 739 | 748269 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| 5.88%, 04/01/35 | &nbsp;&nbsp; $1077 | $1170504 |
| Newmont Corp./Newcrest Finance Pty. Ltd. |  |  |
| 3.25%, 05/13/30 | &nbsp;&nbsp; 1216 | 1183932 |
| 4.20%, 05/13/50 | &nbsp;&nbsp; 675 | 563960 |
| 5.35%, 03/15/34 | &nbsp;&nbsp; 1645 | 1738095 |
| 5.75%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 1385 | 1421790 |
| Nexa Resources SA |  |  |
| 6.60%, 04/08/37<sup>(a)(b)</sup> | &nbsp;&nbsp; 970 | 1040363 |
| 6.75%, 04/09/34<sup>(b)</sup> | &nbsp;&nbsp; 840 | 914917 |
| Northern Star Resources Ltd., 6.13%, <br> 04/11/33<sup>(b)</sup><br>| &nbsp;&nbsp; 985 | 1056366 |
| Rio Tinto Alcan, Inc. |  |  |
| 5.75%, 06/01/35 | &nbsp;&nbsp; 572 | 616924 |
| 6.13%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1449 | 1599095 |
| 7.25%, 03/15/31 | &nbsp;&nbsp; 931 | 1064903 |
| Rio Tinto Finance USA Ltd. |  |  |
| 2.75%, 11/02/51 | &nbsp;&nbsp; 2075 | 1312107 |
| 5.20%, 11/02/40 | &nbsp;&nbsp; 2101 | 2133743 |
| 7.13%, 07/15/28 | &nbsp;&nbsp; 1715 | 1842549 |
| Rio Tinto Finance USA PLC |  |  |
| 4.13%, 08/21/42 | &nbsp;&nbsp; 1441 | 1261571 |
| 4.38%, 03/12/27<sup>(a)</sup> | &nbsp;&nbsp; 540 | 544212 |
| 4.50%, 03/14/28 | &nbsp;&nbsp; 1900 | 1926785 |
| 4.75%, 03/22/42 | &nbsp;&nbsp; 403 | 382238 |
| 4.88%, 03/14/30 | &nbsp;&nbsp; 3550 | 3666441 |
| 5.00%, 03/14/32 | &nbsp;&nbsp; 1335 | 1387499 |
| 5.00%, 03/09/33 | &nbsp;&nbsp; 1675 | 1739699 |
| 5.13%, 03/09/53<sup>(a)</sup> | &nbsp;&nbsp; 1690 | 1602591 |
| 5.25%, 03/14/35 | &nbsp;&nbsp; 2855 | 2979158 |
| 5.75%, 03/14/55<sup>(a)</sup> | &nbsp;&nbsp; 3080 | 3196650 |
| 5.88%, 03/14/65<sup>(a)</sup> | &nbsp;&nbsp; 1490 | 1555349 |
| South32 Treasury Ltd., 4.35%, 04/14/32<sup>(b)</sup> | &nbsp;&nbsp; 1190 | 1174326 |
| Southern Copper Corp. |  |  |
| 5.25%, 11/08/42 | &nbsp;&nbsp; 1747 | 1717807 |
| 5.88%, 04/23/45 | &nbsp;&nbsp; 2558 | 2681580 |
| 6.75%, 04/16/40 | &nbsp;&nbsp; 1745 | 2004010 |
| 7.50%, 07/27/35 | &nbsp;&nbsp; 1864 | 2220902 |
| Vale Canada Ltd., 7.20%, 09/15/32 | &nbsp;&nbsp; 175 | 194863 |
| Yamana Gold, Inc. |  |  |
| 2.63%, 08/15/31 | &nbsp;&nbsp; 1050 | 960529 |
| 4.63%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp; 646 | 650495 |
|  |  | 211114840 |
| **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** |
| CDW LLC/CDW Finance Corp. |  |  |
| 3.25%, 02/15/29 | &nbsp;&nbsp; 1395 | 1348058 |
| 3.28%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1450 | 1415381 |
| 3.57%, 12/01/31 | &nbsp;&nbsp; 1905 | 1773344 |
| 4.25%, 04/01/28 | &nbsp;&nbsp; 1115 | 1110270 |
| 5.10%, 03/01/30 | &nbsp;&nbsp; 825 | 837852 |
| 5.55%, 08/22/34 | &nbsp;&nbsp; 510 | 513312 |
|  |  | 6998217 |
| **Oil & Gas — 4.3%** | **Oil & Gas — 4.3%** | **Oil & Gas — 4.3%** |
| Adnoc Murban Rsc Ltd. |  |  |
| 4.25%, 09/11/29<sup>(b)</sup> | &nbsp;&nbsp; 1525 | 1535921 |
| 4.50%, 09/11/34<sup>(b)</sup> | &nbsp;&nbsp; 2425 | 2403743 |
| 5.13%, 09/11/54<sup>(b)</sup> | &nbsp;&nbsp; 2485 | 2336060 |
| Adnoc Murban Sukuk Ltd., 4.75%, <br> 05/06/35<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2605 | 2647021 |
| Aker BP ASA |  |  |
| 3.10%, 07/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1795 | 1676004 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 3.75%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; $1984 | $1933509 |
| 4.00%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1665 | 1629494 |
| 5.13%, 10/01/34<sup>(b)</sup> | &nbsp;&nbsp; 1490 | 1486833 |
| 5.25%, 10/30/35<sup>(b)</sup> | &nbsp;&nbsp; 1975 | 1968901 |
| 5.60%, 06/13/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1550 | 1597275 |
| 5.80%, 10/01/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 1470 | 1380673 |
| 6.00%, 06/13/33<sup>(b)</sup> | &nbsp;&nbsp; 1730 | 1828924 |
| Antero Resources Corp. |  |  |
| 5.38%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp; 670 | 680522 |
| 5.40%, 02/01/36 | &nbsp;&nbsp; 650 | 650764 |
| APA Corp. |  |  |
| 4.25%, 01/15/30 | &nbsp;&nbsp; 1085 | 1077754 |
| 5.10%, 09/01/40<sup>(a)</sup> | &nbsp;&nbsp; 805 | 738433 |
| 5.35%, 07/01/49 | &nbsp;&nbsp; 700 | 610190 |
| 6.00%, 01/15/37<sup>(a)</sup> | &nbsp;&nbsp; 290 | 299549 |
| 6.10%, 02/15/35 | &nbsp;&nbsp; 1010 | 1057706 |
| 6.75%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1180 | 1205326 |
| BP Capital Markets America, Inc. |  |  |
| 1.75%, 08/10/30<sup>(a)</sup> | &nbsp;&nbsp; 1752 | 1592871 |
| 2.72%, 01/12/32 | &nbsp;&nbsp; 3325 | 3075386 |
| 2.77%, 11/10/50<sup>(a)</sup> | &nbsp;&nbsp; 3915 | 2484034 |
| 2.94%, 06/04/51 | &nbsp;&nbsp; 3850 | 2516085 |
| 3.00%, 02/24/50 | &nbsp;&nbsp; 3221 | 2154202 |
| 3.00%, 03/17/52 | &nbsp;&nbsp; 2625 | 1722323 |
| 3.06%, 06/17/41 | &nbsp;&nbsp; 2888 | 2247947 |
| 3.38%, 02/08/61 | &nbsp;&nbsp; 3368 | 2253456 |
| 3.54%, 04/06/27 | &nbsp;&nbsp; 842 | 840023 |
| 3.59%, 04/14/27 | &nbsp;&nbsp; 932 | 930711 |
| 3.63%, 04/06/30 | &nbsp;&nbsp; 2222 | 2198854 |
| 3.94%, 09/21/28 | &nbsp;&nbsp; 2006 | 2013663 |
| 4.23%, 11/06/28<sup>(a)</sup> | &nbsp;&nbsp; 4235 | 4277037 |
| 4.70%, 04/10/29 | &nbsp;&nbsp; 1920 | 1968740 |
| 4.81%, 02/13/33 | &nbsp;&nbsp; 4827 | 4947670 |
| 4.87%, 11/25/29 | &nbsp;&nbsp; 2115 | 2184512 |
| 4.89%, 09/11/33 | &nbsp;&nbsp; 2450 | 2518250 |
| 4.97%, 10/17/29<sup>(a)</sup> | &nbsp;&nbsp; 1445 | 1496516 |
| 4.99%, 04/10/34 | &nbsp;&nbsp; 2356 | 2425352 |
| 5.02%, 11/17/27 | &nbsp;&nbsp; 1454 | 1483582 |
| 5.23%, 11/17/34 | &nbsp;&nbsp; 3805 | 3982848 |
| BP Capital Markets PLC |  |  |
| 3.28%, 09/19/27 | &nbsp;&nbsp; 2498 | 2484036 |
| 3.72%, 11/28/28 | &nbsp;&nbsp; 1606 | 1603459 |
| 4.88%, (5-year CMT + 4.40%)<sup>(a)(d)(e)</sup> | &nbsp;&nbsp; 3025 | 3014964 |
| 6.13%, (5-year CMT + 1.92%)<sup>(d)(e)</sup> | &nbsp;&nbsp; 1865 | 1927748 |
| 6.45%, (5-year CMT + 2.15%)<sup>(a)(d)(e)</sup> | &nbsp;&nbsp; 1980 | 2110425 |
| Burlington Resources LLC |  |  |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 960 | 1050679 |
| 7.20%, 08/15/31 | &nbsp;&nbsp; 922 | 1057892 |
| Canadian Natural Resources Ltd. |  |  |
| 2.95%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1244 | 1189015 |
| 3.85%, 06/01/27 | &nbsp;&nbsp; 2293 | 2292699 |
| 4.95%, 06/01/47<sup>(a)</sup> | &nbsp;&nbsp; 1927 | 1752198 |
| 5.00%, 12/15/29 | &nbsp;&nbsp; 970 | 1001084 |
| 5.40%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1345 | 1393115 |
| 5.85%, 02/01/35 | &nbsp;&nbsp; 592 | 633532 |
| 6.25%, 03/15/38 | &nbsp;&nbsp; 1857 | 2005134 |
| 6.45%, 06/30/33 | &nbsp;&nbsp; 860 | 948664 |
| 6.50%, 02/15/37<sup>(a)</sup> | &nbsp;&nbsp; 800 | 879452 |
| 6.75%, 02/01/39 | &nbsp;&nbsp; 698 | 785038 |
| 7.20%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 800 | 904587 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Cenovus Energy, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; $1303 | $1184336 |
| 3.75%, 02/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1657 | 1200543 |
| 4.65%, 03/20/31 | &nbsp;&nbsp; 1580 | 1600049 |
| 5.25%, 06/15/37 | &nbsp;&nbsp; 1146 | 1142234 |
| 5.40%, 03/20/36<sup>(a)</sup> | &nbsp;&nbsp; 915 | 932032 |
| 5.40%, 06/15/47 | &nbsp;&nbsp; 1308 | 1229987 |
| 6.75%, 11/15/39<sup>(a)</sup> | &nbsp;&nbsp; 877 | 980402 |
| Chevron Corp. |  |  |
| 2.00%, 05/11/27 | &nbsp;&nbsp; 1761 | 1728414 |
| 2.24%, 05/11/30 | &nbsp;&nbsp; 3013 | 2823376 |
| 2.98%, 05/11/40 | &nbsp;&nbsp; 675 | 536414 |
| 3.08%, 05/11/50 | &nbsp;&nbsp; 1121 | 785679 |
| Chevron USA, Inc. |  |  |
| 1.02%, 08/12/27 | &nbsp;&nbsp; 1438 | 1386982 |
| 2.34%, 08/12/50<sup>(a)</sup> | &nbsp;&nbsp; 1389 | 833013 |
| 3.25%, 10/15/29 | &nbsp;&nbsp; 964 | 949560 |
| 3.85%, 01/15/28 | &nbsp;&nbsp; 1309 | 1314687 |
| 3.95%, 08/13/27 | &nbsp;&nbsp; 775 | 779111 |
| 4.05%, 08/13/28 | &nbsp;&nbsp; 1005 | 1015235 |
| 4.30%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1770 | 1801260 |
| 4.48%, 02/26/28<sup>(a)</sup> | &nbsp;&nbsp; 1555 | 1579798 |
| 4.50%, 10/15/32 | &nbsp;&nbsp; 1965 | 2013598 |
| 4.69%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2180 | 2246740 |
| 4.82%, 04/15/32 | &nbsp;&nbsp; 1235 | 1285273 |
| 4.85%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1530 | 1571697 |
| 4.98%, 04/15/35 | &nbsp;&nbsp; 1465 | 1520618 |
| 5.25%, 11/15/43 | &nbsp;&nbsp; 705 | 721026 |
| 6.00%, 03/01/41 | &nbsp;&nbsp; 395 | 439048 |
| CNOOC Finance 2003 Ltd., 5.50%, <br> 05/21/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 325 | 351563 |
| CNOOC Finance 2011 Ltd., 5.75%, <br> 01/26/41<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1000 | 1115754 |
| CNOOC Finance 2012 Ltd., 5.00%, <br> 05/02/42<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1025 | 1047929 |
| CNOOC Finance 2013 Ltd. |  |  |
| 2.88%, 09/30/29 | &nbsp;&nbsp; 685 | 663854 |
| 3.30%, 09/30/49 | &nbsp;&nbsp; 500 | 392609 |
| 4.25%, 05/09/43 | &nbsp;&nbsp; 1200 | 1124079 |
| CNOOC Finance 2014 ULC, 4.88%, 04/30/44 | &nbsp;&nbsp; 385 | 388270 |
| CNOOC Finance 2015 Australia Pty. Ltd., <br> 4.20%, 05/05/45<br>| &nbsp;&nbsp; 330 | 304568 |
| CNOOC Finance 2015 USA LLC, 4.38%, <br> 05/02/28<sup>(a)</sup><br>| &nbsp;&nbsp; 805 | 815708 |
| CNOOC Petroleum North America ULC |  |  |
| 5.88%, 03/10/35 | &nbsp;&nbsp; 135 | 151552 |
| 6.40%, 05/15/37 | &nbsp;&nbsp; 245 | 291465 |
| 7.50%, 07/30/39<sup>(a)</sup> | &nbsp;&nbsp; 195 | 258979 |
| CNPC HK Overseas Capital Ltd., 5.95%, <br> 04/28/41<sup>(b)</sup><br>| &nbsp;&nbsp; 250 | 285524 |
| Conoco Funding Co., 7.25%, 10/15/31 | &nbsp;&nbsp; 300 | 344901 |
| ConocoPhillips |  |  |
| 4.88%, 10/01/47 | &nbsp;&nbsp; 855 | 782914 |
| 5.90%, 05/15/38 | &nbsp;&nbsp; 700 | 757478 |
| 6.50%, 02/01/39<sup>(a)</sup> | &nbsp;&nbsp; 2370 | 2704871 |
| ConocoPhillips Co. |  |  |
| 3.76%, 03/15/42 | &nbsp;&nbsp; 1509 | 1261808 |
| 3.80%, 03/15/52 | &nbsp;&nbsp; 1567 | 1184371 |
| 4.03%, 03/15/62 | &nbsp;&nbsp; 3020 | 2247283 |
| 4.30%, 11/15/44 | &nbsp;&nbsp; 1382 | 1200047 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 2660 | 2724792 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 4.85%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; $1260 | $1306884 |
| 5.00%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2495 | 2567532 |
| 5.05%, 09/15/33 | &nbsp;&nbsp; 1795 | 1868453 |
| 5.30%, 05/15/53 | &nbsp;&nbsp; 1945 | 1844955 |
| 5.50%, 01/15/55<sup>(a)</sup> | &nbsp;&nbsp; 2550 | 2504156 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 2185 | 2155376 |
| 5.65%, 01/15/65 | &nbsp;&nbsp; 710 | 697406 |
| 5.70%, 09/15/63 | &nbsp;&nbsp; 1565 | 1557116 |
| 5.90%, 10/15/32 | &nbsp;&nbsp; 1094 | 1203091 |
| 5.95%, 03/15/46 | &nbsp;&nbsp; 745 | 786240 |
| 6.95%, 04/15/29 | &nbsp;&nbsp; 1188 | 1295765 |
| Continental Resources, Inc./OK |  |  |
| 2.88%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 1845 | 1643401 |
| 4.38%, 01/15/28 | &nbsp;&nbsp; 1963 | 1966702 |
| 4.90%, 06/01/44 | &nbsp;&nbsp; 1536 | 1265993 |
| 5.75%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2780 | 2883195 |
| Coterra Energy, Inc. |  |  |
| 3.90%, 05/15/27 | &nbsp;&nbsp; 1400 | 1398380 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 1102 | 1113746 |
| 5.40%, 02/15/35 | &nbsp;&nbsp; 1110 | 1144671 |
| 5.60%, 03/15/34 | &nbsp;&nbsp; 1050 | 1100671 |
| 5.90%, 02/15/55 | &nbsp;&nbsp; 1585 | 1576544 |
| Devon Energy Corp. |  |  |
| 4.50%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2024 | 2043011 |
| 4.75%, 05/15/42 | &nbsp;&nbsp; 1282 | 1161462 |
| 5.00%, 06/15/45<sup>(a)</sup> | &nbsp;&nbsp; 1755 | 1597834 |
| 5.20%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2670 | 2738161 |
| 5.25%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1128 | 1128021 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 2320 | 2323281 |
| 5.75%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1885 | 1836915 |
| 5.88%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 780 | 780242 |
| 7.88%, 09/30/31 | &nbsp;&nbsp; 1084 | 1270379 |
| 7.95%, 04/15/32 | &nbsp;&nbsp; 785 | 923748 |
| Diamondback Energy, Inc. |  |  |
| 3.13%, 03/24/31 | &nbsp;&nbsp; 2091 | 1983705 |
| 3.50%, 12/01/29 | &nbsp;&nbsp; 2258 | 2210353 |
| 4.25%, 03/15/52 | &nbsp;&nbsp; 1708 | 1368381 |
| 4.40%, 03/24/51<sup>(a)</sup> | &nbsp;&nbsp; 1550 | 1282263 |
| 5.15%, 01/30/30 | &nbsp;&nbsp; 1880 | 1950276 |
| 5.20%, 04/18/27 | &nbsp;&nbsp; 1490 | 1509128 |
| 5.40%, 04/18/34 | &nbsp;&nbsp; 2200 | 2287744 |
| 5.55%, 04/01/35 | &nbsp;&nbsp; 1985 | 2077057 |
| 5.75%, 04/18/54 | &nbsp;&nbsp; 2000 | 1951977 |
| 5.90%, 04/18/64 | &nbsp;&nbsp; 1895 | 1859054 |
| 6.25%, 03/15/33 | &nbsp;&nbsp; 1670 | 1826435 |
| 6.25%, 03/15/53 | &nbsp;&nbsp; 1270 | 1322404 |
| Empresa Nacional del Petroleo |  |  |
| 4.50%, 09/14/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 1031 | 873240 |
| 5.25%, 11/06/29<sup>(b)</sup> | &nbsp;&nbsp; 971 | 992490 |
| 5.95%, 07/30/34<sup>(b)</sup> | &nbsp;&nbsp; 695 | 730678 |
| 6.15%, 05/10/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1185 | 1263308 |
| Eni SpA |  |  |
| 4.25%, 05/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2895 | 2914205 |
| 5.50%, 05/15/34<sup>(b)</sup> | &nbsp;&nbsp; 1635 | 1713845 |
| 5.70%, 10/01/40<sup>(b)</sup> | &nbsp;&nbsp; 950 | 971710 |
| 5.75%, 05/19/35<sup>(b)</sup> | &nbsp;&nbsp; 765 | 813216 |
| 5.95%, 05/15/54<sup>(b)</sup> | &nbsp;&nbsp; 2060 | 2113337 |
| Series X-R, 4.75%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp; 1625 | 1657069 |
| Eni USA, Inc., 7.30%, 11/15/27 | &nbsp;&nbsp; 1240 | 1306906 |
| EOG Resources, Inc. |  |  |
| 3.90%, 04/01/35 | &nbsp;&nbsp; 1051 | 991327 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 4.38%, 04/15/30 | &nbsp;&nbsp; $1513 | $1534702 |
| 4.40%, 07/15/28 | &nbsp;&nbsp; 1545 | 1565501 |
| 4.40%, 01/15/31 | &nbsp;&nbsp; 991 | 1002611 |
| 4.95%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1720 | 1564948 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 1950 | 2023845 |
| 5.10%, 01/15/36 | &nbsp;&nbsp; 410 | 418025 |
| 5.35%, 01/15/36 | &nbsp;&nbsp; 2425 | 2520156 |
| 5.65%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1705 | 1705521 |
| 5.95%, 07/15/55 | &nbsp;&nbsp; 1625 | 1698381 |
| EQT Corp. |  |  |
| 3.63%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1135 | 1085867 |
| 3.90%, 10/01/27 | &nbsp;&nbsp; 835 | 833429 |
| 4.50%, 01/15/29 | &nbsp;&nbsp; 1480 | 1492842 |
| 4.75%, 01/15/31 | &nbsp;&nbsp; 1685 | 1708872 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 763 | 777648 |
| 5.70%, 04/01/28 | &nbsp;&nbsp; 1121 | 1159033 |
| 5.75%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1700 | 1800928 |
| 6.38%, 04/01/29 | &nbsp;&nbsp; 1250 | 1291912 |
| 7.00%, 02/01/30 | &nbsp;&nbsp; 1325 | 1450809 |
| 7.50%, 06/01/30 | &nbsp;&nbsp; 1275 | 1416291 |
| Equinor ASA |  |  |
| 2.38%, 05/22/30 | &nbsp;&nbsp; 1057 | 993505 |
| 3.00%, 04/06/27<sup>(a)</sup> | &nbsp;&nbsp; 962 | 955937 |
| 3.13%, 04/06/30 | &nbsp;&nbsp; 1888 | 1830341 |
| 3.25%, 11/18/49 | &nbsp;&nbsp; 1212 | 865395 |
| 3.63%, 09/10/28 | &nbsp;&nbsp; 1250 | 1250338 |
| 3.63%, 04/06/40 | &nbsp;&nbsp; 774 | 667462 |
| 3.70%, 04/06/50 | &nbsp;&nbsp; 1957 | 1516452 |
| 3.95%, 05/15/43 | &nbsp;&nbsp; 1242 | 1056615 |
| 4.25%, 06/02/28<sup>(a)</sup> | &nbsp;&nbsp; 800 | 808554 |
| 4.25%, 11/23/41 | &nbsp;&nbsp; 724 | 652618 |
| 4.50%, 09/03/30 | &nbsp;&nbsp; 300 | 306521 |
| 4.75%, 11/14/35 | &nbsp;&nbsp; 1625 | 1635158 |
| 4.80%, 11/08/43 | &nbsp;&nbsp; 898 | 849999 |
| 5.10%, 08/17/40 | &nbsp;&nbsp; 1008 | 1012797 |
| 5.13%, 06/03/35 | &nbsp;&nbsp; 1025 | 1065042 |
| 6.50%, 12/01/28<sup>(b)</sup> | &nbsp;&nbsp; 605 | 646902 |
| 6.80%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 375 | 395872 |
| 7.15%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 175 | 190619 |
| 7.25%, 09/23/27 | &nbsp;&nbsp; 734 | 773202 |
| Expand Energy Corp. |  |  |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 2250 | 2246287 |
| 5.38%, 02/01/29 | &nbsp;&nbsp; 805 | 804002 |
| 5.38%, 03/15/30 | &nbsp;&nbsp; 3070 | 3116611 |
| 5.70%, 01/15/35 | &nbsp;&nbsp; 1335 | 1397932 |
| 5.88%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 430 | 430212 |
| 6.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 305 | 305887 |
| Exxon Mobil Corp. |  |  |
| 2.44%, 08/16/29 | &nbsp;&nbsp; 2309 | 2223543 |
| 2.61%, 10/15/30 | &nbsp;&nbsp; 3388 | 3217445 |
| 3.00%, 08/16/39 | &nbsp;&nbsp; 1342 | 1097694 |
| 3.10%, 08/16/49 | &nbsp;&nbsp; 2664 | 1868915 |
| 3.29%, 03/19/27 | &nbsp;&nbsp; 1667 | 1662100 |
| 3.45%, 04/15/51 | &nbsp;&nbsp; 4676 | 3427867 |
| 3.48%, 03/19/30 | &nbsp;&nbsp; 3575 | 3526536 |
| 3.57%, 03/06/45 | &nbsp;&nbsp; 2355 | 1891012 |
| 4.11%, 03/01/46 | &nbsp;&nbsp; 4927 | 4208393 |
| 4.23%, 03/19/40 | &nbsp;&nbsp; 4201 | 3918155 |
| 4.33%, 03/19/50 | &nbsp;&nbsp; 4251 | 3640261 |
| GS Caltex Corp., 5.38%, 08/07/28<sup>(b)</sup> | &nbsp;&nbsp; 55 | 56683 |
| Harbour Energy PLC, 6.33%, 04/01/35<sup>(b)</sup> | &nbsp;&nbsp; 1425 | 1484161 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Helmerich & Payne, Inc. |  |  |
| 2.90%, 09/29/31<sup>(a)</sup> | &nbsp;&nbsp; $1097 | $1004040 |
| 4.65%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 715 | 721265 |
| 4.85%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 665 | 678134 |
| 5.50%, 12/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1080 | 1090326 |
| Hess Corp. |  |  |
| 4.30%, 04/01/27 | &nbsp;&nbsp; 1800 | 1807193 |
| 5.60%, 02/15/41 | &nbsp;&nbsp; 2446 | 2573160 |
| 5.80%, 04/01/47<sup>(a)</sup> | &nbsp;&nbsp; 982 | 1029843 |
| 6.00%, 01/15/40 | &nbsp;&nbsp; 1409 | 1544099 |
| 7.13%, 03/15/33 | &nbsp;&nbsp; 1049 | 1226114 |
| 7.30%, 08/15/31 | &nbsp;&nbsp; 1122 | 1296198 |
| 7.88%, 10/01/29 | &nbsp;&nbsp; 1046 | 1185057 |
| HF Sinclair Corp. |  |  |
| 4.50%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 770 | 769560 |
| 5.00%, 02/01/28 | &nbsp;&nbsp; 1060 | 1058357 |
| 5.50%, 09/01/32 | &nbsp;&nbsp; 845 | 864036 |
| 5.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1395 | 1447929 |
| 6.25%, 01/15/35 | &nbsp;&nbsp; 1305 | 1373962 |
| Hunt Oil Co. of Peru LLC Sucursal Del Peru, <br> 7.75%, 11/05/38<sup>(b)</sup><br>| &nbsp;&nbsp; 1035 | 1138438 |
| KazMunayGas National Co. JSC |  |  |
| 3.50%, 04/14/33<sup>(b)</sup> | &nbsp;&nbsp; 1065 | 979130 |
| 4.75%, 04/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 435 | 436056 |
| 5.38%, 04/24/30<sup>(b)</sup> | &nbsp;&nbsp; 2130 | 2190106 |
| 5.75%, 04/19/47<sup>(b)</sup> | &nbsp;&nbsp; 1741 | 1674140 |
| 6.38%, 10/24/48<sup>(b)</sup> | &nbsp;&nbsp; 2336 | 2392174 |
| Marathon Petroleum Corp. |  |  |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 1684 | 1679436 |
| 4.50%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 1099 | 905653 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 1447 | 1278388 |
| 5.00%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 878 | 760382 |
| 5.15%, 03/01/30 | &nbsp;&nbsp; 2550 | 2642961 |
| 5.70%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1990 | 2096101 |
| 5.85%, 12/15/45<sup>(a)</sup> | &nbsp;&nbsp; 676 | 677729 |
| 6.50%, 03/01/41 | &nbsp;&nbsp; 2365 | 2588912 |
| Motiva Enterprises LLC, 6.85%, 01/15/40<sup>(b)</sup> | &nbsp;&nbsp; 1411 | 1569256 |
| Occidental Petroleum Corp. |  |  |
| 0.00%, 10/10/36<sup>(g)</sup> | &nbsp;&nbsp; 1982 | 1226308 |
| 3.50%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 755 | 737240 |
| 4.10%, 02/15/47<sup>(a)</sup> | &nbsp;&nbsp; 624 | 468828 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 625 | 484998 |
| 4.40%, 04/15/46 | &nbsp;&nbsp; 1060 | 867458 |
| 4.40%, 08/15/49<sup>(a)</sup> | &nbsp;&nbsp; 522 | 400259 |
| 4.63%, 06/15/45<sup>(a)</sup> | &nbsp;&nbsp; 625 | 514472 |
| 5.38%, 01/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1755 | 1826931 |
| 5.55%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1985 | 2069043 |
| 6.05%, 10/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1905 | 1895976 |
| 6.13%, 01/01/31 | &nbsp;&nbsp; 2050 | 2203563 |
| 6.20%, 03/15/40 | &nbsp;&nbsp; 1245 | 1297629 |
| 6.45%, 09/15/36 | &nbsp;&nbsp; 3185 | 3469274 |
| 6.60%, 03/15/46<sup>(a)</sup> | &nbsp;&nbsp; 2210 | 2347922 |
| 6.63%, 09/01/30 | &nbsp;&nbsp; 3295 | 3565935 |
| 7.50%, 05/01/31 | &nbsp;&nbsp; 685 | 779975 |
| 7.88%, 09/15/31 | &nbsp;&nbsp; 1095 | 1271118 |
| 7.95%, 06/15/39 | &nbsp;&nbsp; 685 | 827418 |
| 8.88%, 07/15/30 | &nbsp;&nbsp; 2030 | 2358511 |
| OQ SAOC, 5.13%, 05/06/28<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10087 |
| ORLEN SA, 6.00%, 01/30/35<sup>(b)</sup> | &nbsp;&nbsp; 1555 | 1655268 |
| Ovintiv, Inc. |  |  |
| 5.65%, 05/15/28 | &nbsp;&nbsp; 1245 | 1289699 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 6.25%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; $490 | $528787 |
| 6.50%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1090 | 1193418 |
| 6.50%, 02/01/38 | &nbsp;&nbsp; 952 | 1028617 |
| 6.63%, 08/15/37 | &nbsp;&nbsp; 866 | 947926 |
| 7.10%, 07/15/53<sup>(a)</sup> | &nbsp;&nbsp; 653 | 728719 |
| 7.20%, 11/01/31 | &nbsp;&nbsp; 657 | 735623 |
| 7.38%, 11/01/31 | &nbsp;&nbsp; 865 | 976955 |
| 8.13%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 788 | 906975 |
| Patterson-UTI Energy, Inc. |  |  |
| 3.95%, 02/01/28 | &nbsp;&nbsp; 875 | 868861 |
| 5.15%, 11/15/29 | &nbsp;&nbsp; 740 | 752026 |
| 7.15%, 10/01/33 | &nbsp;&nbsp; 805 | 884626 |
| Pertamina Hulu Energi PT, 5.25%, <br> 05/21/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 815 | 831050 |
| Pertamina Persero PT |  |  |
| 2.30%, 02/09/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1890 | 1696306 |
| 3.10%, 01/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 840 | 796127 |
| 3.10%, 08/27/30<sup>(b)</sup> | &nbsp;&nbsp; 1395 | 1311625 |
| 3.65%, 07/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1355 | 1324469 |
| 4.15%, 02/25/60<sup>(a)(b)</sup> | &nbsp;&nbsp; 1480 | 1087912 |
| 4.18%, 01/21/50<sup>(b)</sup> | &nbsp;&nbsp; 1935 | 1497836 |
| 4.70%, 07/30/49<sup>(b)</sup> | &nbsp;&nbsp; 1327 | 1113926 |
| 5.63%, 05/20/43<sup>(a)(b)</sup> | &nbsp;&nbsp; 2070 | 2002463 |
| 6.00%, 05/03/42<sup>(b)</sup> | &nbsp;&nbsp; 2060 | 2073146 |
| 6.45%, 05/30/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 2672 | 2825304 |
| 6.50%, 05/27/41<sup>(b)</sup> | &nbsp;&nbsp; 585 | 625089 |
| 6.50%, 11/07/48<sup>(b)</sup> | &nbsp;&nbsp; 1410 | 1492860 |
| Petronas Capital Ltd. |  |  |
| 2.48%, 01/28/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2010 | 1836429 |
| 3.40%, 04/28/61<sup>(a)(b)</sup> | &nbsp;&nbsp; 2795 | 1936991 |
| 3.50%, 04/21/30<sup>(b)</sup> | &nbsp;&nbsp; 4563 | 4478868 |
| 4.50%, 03/18/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 2840 | 2580197 |
| 4.55%, 04/21/50<sup>(b)</sup> | &nbsp;&nbsp; 4893 | 4396881 |
| 4.80%, 04/21/60<sup>(b)</sup> | &nbsp;&nbsp; 1512 | 1379249 |
| 4.95%, 01/03/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2670 | 2781529 |
| 5.34%, 04/03/35<sup>(b)</sup> | &nbsp;&nbsp; 3040 | 3203307 |
| 5.85%, 04/03/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 2820 | 3003905 |
| Petronas Energy Canada Ltd., 2.11%, <br> 03/23/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 985 | 950624 |
| Phillips 66 |  |  |
| 2.15%, 12/15/30 | &nbsp;&nbsp; 3671 | 3347656 |
| 3.30%, 03/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1850 | 1238764 |
| 3.90%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1913 | 1910830 |
| 4.65%, 11/15/34 | &nbsp;&nbsp; 1306 | 1296826 |
| 4.88%, 11/15/44 | &nbsp;&nbsp; 3246 | 2925256 |
| 5.88%, 05/01/42 | &nbsp;&nbsp; 2910 | 2992901 |
| Phillips 66 Co. |  |  |
| 3.15%, 12/15/29 | &nbsp;&nbsp; 1648 | 1599347 |
| 3.75%, 03/01/28 | &nbsp;&nbsp; 883 | 882206 |
| 4.68%, 02/15/45 | &nbsp;&nbsp; 1125 | 981681 |
| 4.90%, 10/01/46 | &nbsp;&nbsp; 1334 | 1193502 |
| 4.95%, 12/01/27 | &nbsp;&nbsp; 1990 | 2024230 |
| 4.95%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1475 | 1492949 |
| 5.25%, 06/15/31 | &nbsp;&nbsp; 2235 | 2340033 |
| 5.30%, 06/30/33 | &nbsp;&nbsp; 2715 | 2821799 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 730 | 691751 |
| 5.65%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 830 | 800491 |
| Series A, 5.88%, 03/15/56, (5-year CMT + <br> 2.28%)<sup>(d)</sup><br>| &nbsp;&nbsp; 720 | 723917 |
| Series B, 6.20%, 03/15/56, (5-year CMT + <br> 2.17%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 1050 | 1064261 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Pioneer Natural Resources Co. |  |  |
| 1.90%, 08/15/30 | &nbsp;&nbsp; $1441 | $1321532 |
| 2.15%, 01/15/31 | &nbsp;&nbsp; 1053 | 969157 |
| Pluspetrol Camisea SA/Pluspetrol Lote 56 SA, <br> 6.24%, 07/03/36<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 400 | 428612 |
| PTT Treasury Center Co. Ltd. |  |  |
| 3.70%, 07/16/70<sup>(b)</sup> | &nbsp;&nbsp; 1450 | 1041910 |
| 4.50%, 10/25/42<sup>(b)</sup> | &nbsp;&nbsp; 80 | 72117 |
| PTTEP Treasury Center Co. Ltd. |  |  |
| 2.59%, 06/10/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1595 | 1565296 |
| 2.99%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 490 | 471280 |
| 3.90%, 12/06/59<sup>(a)(b)</sup> | &nbsp;&nbsp; 975 | 762426 |
| 6.35%, 06/12/42<sup>(b)</sup> | &nbsp;&nbsp; 275 | 304363 |
| Qatar Energy |  |  |
| 2.25%, 07/12/31<sup>(b)</sup> | &nbsp;&nbsp; 5006 | 4556962 |
| 3.13%, 07/12/41<sup>(b)</sup> | &nbsp;&nbsp; 6165 | 4855147 |
| 3.30%, 07/12/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 6717 | 4799162 |
| QatarEnergy LNG S3, 5.84%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp; 607 | 615491 |
| Reliance Industries Ltd. |  |  |
| 2.88%, 01/12/32<sup>(b)</sup> | &nbsp;&nbsp; 3065 | 2836351 |
| 3.63%, 01/12/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 2945 | 2206541 |
| 3.67%, 11/30/27<sup>(b)</sup> | &nbsp;&nbsp; 460 | 457167 |
| 3.75%, 01/12/62<sup>(b)</sup> | &nbsp;&nbsp; 1225 | 902592 |
| 4.88%, 02/10/45<sup>(b)</sup> | &nbsp;&nbsp; 955 | 916098 |
| 6.25%, 10/19/40<sup>(b)</sup> | &nbsp;&nbsp; 1150 | 1303382 |
| Repsol E&P Capital Markets U.S. LLC |  |  |
| 4.81%, 09/16/28<sup>(b)</sup> | &nbsp;&nbsp; 800 | 811583 |
| 5.20%, 09/16/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 970 | 993861 |
| 5.98%, 09/16/35<sup>(b)</sup> | &nbsp;&nbsp; 1905 | 1981838 |
| SA Global Sukuk Ltd. |  |  |
| 2.69%, 06/17/31<sup>(b)</sup> | &nbsp;&nbsp; 4827 | 4437654 |
| 4.13%, 09/17/30<sup>(b)</sup> | &nbsp;&nbsp; 3000 | 2974699 |
| 4.25%, 10/02/29<sup>(b)</sup> | &nbsp;&nbsp; 1275 | 1275000 |
| 4.63%, 09/17/35<sup>(b)</sup> | &nbsp;&nbsp; 3050 | 2991679 |
| 4.75%, 10/02/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 2450 | 2438968 |
| Santos Finance Ltd. |  |  |
| 3.65%, 04/29/31<sup>(b)</sup> | &nbsp;&nbsp; 2011 | 1915898 |
| 5.75%, 11/13/35<sup>(b)</sup> | &nbsp;&nbsp; 1795 | 1835464 |
| 6.88%, 09/19/33<sup>(b)</sup> | &nbsp;&nbsp; 1455 | 1616039 |
| Saudi Arabian Oil Co. |  |  |
| 2.25%, 11/24/30<sup>(b)</sup> | &nbsp;&nbsp; 2938 | 2678075 |
| 3.25%, 11/24/50<sup>(b)</sup> | &nbsp;&nbsp; 3789 | 2541347 |
| 3.50%, 04/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4061 | 3994156 |
| 3.50%, 11/24/70<sup>(b)</sup> | &nbsp;&nbsp; 4083 | 2584352 |
| 4.25%, 04/16/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 5137 | 4698352 |
| 4.38%, 04/16/49<sup>(b)</sup> | &nbsp;&nbsp; 4746 | 3972990 |
| 4.75%, 06/02/30<sup>(b)</sup> | &nbsp;&nbsp; 1715 | 1749227 |
| 5.00%, 02/02/36<sup>(b)</sup> | &nbsp;&nbsp; 2500 | 2503375 |
| 5.25%, 07/17/34<sup>(b)</sup> | &nbsp;&nbsp; 3779 | 3904939 |
| 5.38%, 06/02/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1680 | 1743613 |
| 5.75%, 07/17/54<sup>(b)</sup> | &nbsp;&nbsp; 3819 | 3720829 |
| 5.88%, 07/17/64<sup>(b)</sup> | &nbsp;&nbsp; 3595 | 3492453 |
| 6.00%, 02/02/56<sup>(b)</sup> | &nbsp;&nbsp; 1500 | 1505265 |
| 6.38%, 06/02/55<sup>(b)</sup> | &nbsp;&nbsp; 4275 | 4505261 |
| Shell Finance U.S., Inc. |  |  |
| 2.38%, 11/07/29 | &nbsp;&nbsp; 2165 | 2059693 |
| 2.75%, 04/06/30 | &nbsp;&nbsp; 2621 | 2506888 |
| 3.00%, 11/26/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 980 | 649256 |
| 3.13%, 11/07/49<sup>(b)</sup> | &nbsp;&nbsp; 2147 | 1489227 |
| 3.25%, 04/06/50<sup>(a)</sup> | &nbsp;&nbsp; 3022 | 2132340 |
| 3.75%, 09/12/46 | &nbsp;&nbsp; 1994 | 1582287 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 3.88%, 11/13/28<sup>(a)(b)</sup> | &nbsp;&nbsp; $1845 | $1855969 |
| 4.00%, 05/10/46 | &nbsp;&nbsp; 3330 | 2754250 |
| 4.13%, 11/06/30 | &nbsp;&nbsp; 1125 | 1133959 |
| 4.13%, 05/11/35<sup>(a)</sup> | &nbsp;&nbsp; 2084 | 2032643 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 4096 | 3587029 |
| 4.55%, 08/12/43 | &nbsp;&nbsp; 1606 | 1468851 |
| 4.75%, 01/06/36<sup>(a)</sup> | &nbsp;&nbsp; 1050 | 1058092 |
| 5.13%, 10/15/41<sup>(b)</sup> | &nbsp;&nbsp; 1595 | 1589461 |
| 5.50%, 03/25/40<sup>(b)</sup> | &nbsp;&nbsp; 2855 | 2976063 |
| 6.38%, 12/15/38<sup>(a)(b)</sup> | &nbsp;&nbsp; 4398 | 4988770 |
| Shell International Finance BV |  |  |
| 2.38%, 11/07/29 | &nbsp;&nbsp; 435 | 413312 |
| 2.75%, 04/06/30 | &nbsp;&nbsp; 360 | 344432 |
| 2.88%, 11/26/41 | &nbsp;&nbsp; 1280 | 964494 |
| 3.13%, 11/07/49<sup>(a)</sup> | &nbsp;&nbsp; 210 | 147311 |
| 3.25%, 04/06/50<sup>(a)</sup> | &nbsp;&nbsp; 310 | 218247 |
| 3.63%, 08/21/42 | &nbsp;&nbsp; 1006 | 822064 |
| 4.00%, 05/10/46 | &nbsp;&nbsp; 775 | 640886 |
| 4.13%, 05/11/35<sup>(a)</sup> | &nbsp;&nbsp; 485 | 486988 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 925 | 810469 |
| 4.55%, 08/12/43 | &nbsp;&nbsp; 535 | 484020 |
| Sinopec Capital 2013 Ltd., 4.25%, 04/24/43<sup>(b)</sup> | &nbsp;&nbsp; 290 | 269846 |
| Sinopec Group Overseas Development 2012 <br> Ltd., 4.88%, 05/17/42<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1942 | 1955672 |
| Sinopec Group Overseas Development 2013 <br> Ltd., 5.38%, 10/17/43<sup>(b)</sup><br>| &nbsp;&nbsp; 400 | 426321 |
| Sinopec Group Overseas Development 2015 <br> Ltd., 4.10%, 04/28/45<sup>(b)</sup><br>| &nbsp;&nbsp; 1675 | 1520636 |
| Sinopec Group Overseas Development 2016 <br> Ltd., 4.25%, 05/03/46<sup>(b)</sup><br>| &nbsp;&nbsp; 790 | 732655 |
| Sinopec Group Overseas Development 2017 <br> Ltd.<br>|  |  |
| 3.25%, 09/13/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1670 | 1659702 |
| 3.63%, 04/12/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2145 | 2143069 |
| 4.00%, 09/13/47<sup>(b)</sup> | &nbsp;&nbsp; 750 | 664333 |
| 4.25%, 04/12/47<sup>(b)</sup> | &nbsp;&nbsp; 310 | 285552 |
| Sinopec Group Overseas Development 2018 <br> Ltd.<br>|  |  |
| 2.30%, 01/08/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1454 | 1366432 |
| 2.70%, 05/13/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2175 | 2096160 |
| 2.95%, 08/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1254 | 1221214 |
| 2.95%, 11/12/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1004 | 980463 |
| 3.10%, 01/08/51<sup>(b)</sup> | &nbsp;&nbsp; 1020 | 767550 |
| 3.35%, 05/13/50<sup>(b)</sup> | &nbsp;&nbsp; 1314 | 1038405 |
| 3.44%, 11/12/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 665 | 535224 |
| 3.68%, 08/08/49<sup>(b)</sup> | &nbsp;&nbsp; 1202 | 1003384 |
| 4.25%, 09/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 890 | 903860 |
| 4.60%, 09/12/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 1018 | 989047 |
| Suncor Energy, Inc. |  |  |
| 3.75%, 03/04/51<sup>(a)</sup> | &nbsp;&nbsp; 1350 | 985960 |
| 4.00%, 11/15/47<sup>(a)</sup> | &nbsp;&nbsp; 1870 | 1461128 |
| 5.95%, 12/01/34 | &nbsp;&nbsp; 1179 | 1267718 |
| 6.50%, 06/15/38 | &nbsp;&nbsp; 805 | 883362 |
| 6.80%, 05/15/38 | &nbsp;&nbsp; 959 | 1085677 |
| 6.85%, 06/01/39<sup>(a)</sup> | &nbsp;&nbsp; 1581 | 1778421 |
| 7.00%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 495 | 532405 |
| 7.15%, 02/01/32 | &nbsp;&nbsp; 860 | 975405 |
| Tengizchevroil Finance Co. International Ltd., <br> 3.25%, 08/15/30<sup>(b)</sup><br>| &nbsp;&nbsp; 620 | 582732 |
| Thaioil Treasury Center Co. Ltd. |  |  |
| 2.50%, 06/18/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 905 | 834191 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 3.75%, 06/18/50<sup>(a)(b)</sup> | &nbsp;&nbsp; $970 | $729906 |
| 4.63%, 11/20/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 705 | 709486 |
| TotalEnergies Capital International SA |  |  |
| 2.83%, 01/10/30 | &nbsp;&nbsp; 3356 | 3238674 |
| 2.99%, 06/29/41 | &nbsp;&nbsp; 1923 | 1483880 |
| 3.13%, 05/29/50 | &nbsp;&nbsp; 3835 | 2626697 |
| 3.39%, 06/29/60 | &nbsp;&nbsp; 1446 | 959880 |
| 3.46%, 02/19/29<sup>(a)</sup> | &nbsp;&nbsp; 2809 | 2786013 |
| 3.46%, 07/12/49 | &nbsp;&nbsp; 2055 | 1508173 |
| TotalEnergies Capital SA |  |  |
| 3.88%, 10/11/28 | &nbsp;&nbsp; 1124 | 1130109 |
| 4.72%, 09/10/34<sup>(a)</sup> | &nbsp;&nbsp; 755 | 770245 |
| 5.15%, 04/05/34 | &nbsp;&nbsp; 1825 | 1910989 |
| 5.28%, 09/10/54 | &nbsp;&nbsp; 1575 | 1512791 |
| 5.43%, 09/10/64 | &nbsp;&nbsp; 2650 | 2531961 |
| 5.49%, 04/05/54 | &nbsp;&nbsp; 3260 | 3222229 |
| 5.64%, 04/05/64 | &nbsp;&nbsp; 2360 | 2337925 |
| TotalEnergies Capital USA LLC |  |  |
| 4.25%, 01/13/31 | &nbsp;&nbsp; 245 | 247195 |
| 4.86%, 01/13/36 | &nbsp;&nbsp; 600 | 606319 |
| Valero Energy Corp. |  |  |
| 2.15%, 09/15/27 | &nbsp;&nbsp; 1119 | 1089884 |
| 2.80%, 12/01/31 | &nbsp;&nbsp; 960 | 887844 |
| 3.65%, 12/01/51 | &nbsp;&nbsp; 1825 | 1298972 |
| 4.00%, 04/01/29 | &nbsp;&nbsp; 1222 | 1222219 |
| 4.00%, 06/01/52<sup>(a)</sup> | &nbsp;&nbsp; 1278 | 967055 |
| 4.35%, 06/01/28 | &nbsp;&nbsp; 1333 | 1344164 |
| 4.90%, 03/15/45<sup>(a)</sup> | &nbsp;&nbsp; 658 | 603713 |
| 5.15%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2005 | 2078070 |
| 6.63%, 06/15/37 | &nbsp;&nbsp; 2686 | 3020803 |
| 7.50%, 04/15/32 | &nbsp;&nbsp; 1800 | 2089702 |
| Var Energi ASA |  |  |
| 5.00%, 05/18/27<sup>(b)</sup> | &nbsp;&nbsp; 155 | 156426 |
| 5.88%, 05/22/30<sup>(b)</sup> | &nbsp;&nbsp; 1140 | 1196948 |
| 6.50%, 05/22/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1565 | 1689065 |
| 7.50%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 2490 | 2631259 |
| 8.00%, 11/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1850 | 2153562 |
| Viper Energy Partners LLC |  |  |
| 4.90%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 520 | 530530 |
| 5.70%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1510 | 1566383 |
| Woodside Finance Ltd. |  |  |
| 3.70%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1920 | 1907880 |
| 4.50%, 03/04/29<sup>(b)</sup> | &nbsp;&nbsp; 3086 | 3110520 |
| 4.90%, 05/19/28<sup>(a)</sup> | &nbsp;&nbsp; 225 | 229109 |
| 5.10%, 09/12/34 | &nbsp;&nbsp; 2050 | 2059515 |
| 5.40%, 05/19/30 | &nbsp;&nbsp; 1455 | 1509504 |
| 5.70%, 05/19/32<sup>(a)</sup> | &nbsp;&nbsp; 815 | 863232 |
| 5.70%, 09/12/54<sup>(a)</sup> | &nbsp;&nbsp; 1640 | 1580045 |
| 6.00%, 05/19/35<sup>(a)</sup> | &nbsp;&nbsp; 2220 | 2350247 |
| XTO Energy, Inc., 6.75%, 08/01/37 | &nbsp;&nbsp; 552 | 652991 |
|  |  | 723646816 |
| **Oil & Gas Services — 0.2%** | **Oil & Gas Services — 0.2%** | **Oil & Gas Services — 0.2%** |
| Baker Hughes Holdings LLC, 5.13%, <br> 09/15/40<sup>(a)</sup><br>| &nbsp;&nbsp; 2120 | 2107805 |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc.<br>|  |  |
| 3.14%, 11/07/29<sup>(a)</sup> | &nbsp;&nbsp; 1200 | 1170342 |
| 3.34%, 12/15/27 | &nbsp;&nbsp; 2698 | 2676480 |
| 4.08%, 12/15/47 | &nbsp;&nbsp; 2238 | 1818696 |
| 4.49%, 05/01/30 | &nbsp;&nbsp; 1047 | 1064548 |
| Guara Norte SARL, 5.20%, 06/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 357 | 351892 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas Services (continued)** | **Oil & Gas Services (continued)** | **Oil & Gas Services (continued)** |
| Halliburton Co. |  |  |
| 2.92%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; $2633 | $2522368 |
| 4.50%, 11/15/41 | &nbsp;&nbsp; 1005 | 916134 |
| 4.75%, 08/01/43 | &nbsp;&nbsp; 1593 | 1445333 |
| 4.85%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2310 | 2309635 |
| 5.00%, 11/15/45<sup>(a)</sup> | &nbsp;&nbsp; 3723 | 3421576 |
| 6.70%, 09/15/38 | &nbsp;&nbsp; 1312 | 1497409 |
| 7.45%, 09/15/39 | &nbsp;&nbsp; 1653 | 1996227 |
| NOV, Inc. |  |  |
| 3.60%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1223 | 1199997 |
| 3.95%, 12/01/42 | &nbsp;&nbsp; 1984 | 1606793 |
| Schlumberger Holdings Corp. |  |  |
| 2.65%, 06/26/30<sup>(b)</sup> | &nbsp;&nbsp; 1122 | 1064574 |
| 3.90%, 05/17/28<sup>(b)</sup> | &nbsp;&nbsp; 3207 | 3208832 |
| 4.30%, 05/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1624 | 1643159 |
| 4.50%, 05/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 725 | 733497 |
| 4.85%, 05/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 575 | 585254 |
| 5.00%, 05/29/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 650 | 659040 |
| 5.00%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 925 | 956841 |
| 5.00%, 06/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 850 | 872832 |
| Schlumberger Investment SA, 2.65%, <br> 06/26/30<sup>(a)</sup><br>| &nbsp;&nbsp; 1047 | 993413 |
|  |  | 36822677 |
| **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** |
| Amcor Finance USA, Inc. |  |  |
| 4.50%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1009975 |
| 5.63%, 05/26/33<sup>(a)</sup> | &nbsp;&nbsp; 800 | 848639 |
| Amcor Flexibles North America, Inc. |  |  |
| 2.63%, 06/19/30 | &nbsp;&nbsp; 1323 | 1243165 |
| 2.69%, 05/25/31 | &nbsp;&nbsp; 1348 | 1246084 |
| 4.80%, 03/17/28 | &nbsp;&nbsp; 1695 | 1726261 |
| 5.10%, 03/17/30<sup>(a)</sup> | &nbsp;&nbsp; 475 | 491621 |
| 5.50%, 03/17/35<sup>(a)</sup> | &nbsp;&nbsp; 1015 | 1068894 |
| Amcor Group Finance PLC, 5.45%, 05/23/29 | &nbsp;&nbsp; 1395 | 1453091 |
| AptarGroup, Inc. |  |  |
| 3.60%, 03/15/32 | &nbsp;&nbsp; 360 | 343605 |
| 4.75%, 03/30/31 | &nbsp;&nbsp; 925 | 938742 |
| Berry Global, Inc. |  |  |
| 5.50%, 04/15/28 | &nbsp;&nbsp; 975 | 1005864 |
| 5.65%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1200 | 1267684 |
| 5.80%, 06/15/31 | &nbsp;&nbsp; 1100 | 1171389 |
| CCL Industries, Inc., 3.05%, 06/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1345 | 1274296 |
| Packaging Corp. of America |  |  |
| 3.00%, 12/15/29 | &nbsp;&nbsp; 830 | 800396 |
| 3.05%, 10/01/51 | &nbsp;&nbsp; 1400 | 924359 |
| 3.40%, 12/15/27 | &nbsp;&nbsp; 1226 | 1216566 |
| 4.05%, 12/15/49 | &nbsp;&nbsp; 744 | 600769 |
| 5.20%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1005 | 1030433 |
| 5.70%, 12/01/33 | &nbsp;&nbsp; 1010 | 1076828 |
| Smurfit Kappa Treasury ULC |  |  |
| 5.20%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1160 | 1201105 |
| 5.44%, 04/03/34 | &nbsp;&nbsp; 1650 | 1719752 |
| 5.78%, 04/03/54<sup>(a)</sup> | &nbsp;&nbsp; 1630 | 1647176 |
| Smurfit Westrock Financing DAC |  |  |
| 5.19%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 875 | 893118 |
| 5.42%, 01/15/35 | &nbsp;&nbsp; 1125 | 1167602 |
| Sonoco Products Co. |  |  |
| 2.85%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 875 | 802748 |
| 3.13%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1385 | 1323782 |
| 4.60%, 09/01/29 | &nbsp;&nbsp; 1175 | 1191358 |
| 5.00%, 09/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1530 | 1545083 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| 5.75%, 11/01/40<sup>(a)</sup> | &nbsp;&nbsp; $520 | $540132 |
| Stora Enso OYJ, 7.25%, 04/15/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 610 | 675568 |
| WestRock MWV LLC |  |  |
| 7.95%, 02/15/31 | &nbsp;&nbsp; 550 | 634420 |
| 8.20%, 01/15/30 | &nbsp;&nbsp; 1555 | 1779319 |
| WRKCo, Inc. |  |  |
| 3.00%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp; 977 | 881863 |
| 3.90%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1180 | 1178939 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 1058 | 1059797 |
| 4.20%, 06/01/32 | &nbsp;&nbsp; 816 | 801756 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 294 | 300861 |
|  |  | 40083040 |
| **Pharmaceuticals — 4.3%** | **Pharmaceuticals — 4.3%** | **Pharmaceuticals — 4.3%** |
| AbbVie, Inc. |  |  |
| 3.20%, 11/21/29 | &nbsp;&nbsp; 9093 | 8881859 |
| 3.78%, 03/03/28 | &nbsp;&nbsp; 1820 | 1822409 |
| 4.05%, 11/21/39 | &nbsp;&nbsp; 7368 | 6669401 |
| 4.13%, 03/15/31 | &nbsp;&nbsp; 1360 | 1364322 |
| 4.25%, 11/14/28 | &nbsp;&nbsp; 2957 | 2993430 |
| 4.25%, 11/21/49 | &nbsp;&nbsp; 9570 | 8051951 |
| 4.30%, 05/14/36 | &nbsp;&nbsp; 1178 | 1142622 |
| 4.40%, 03/15/33 | &nbsp;&nbsp; 2475 | 2485382 |
| 4.40%, 11/06/42 | &nbsp;&nbsp; 4609 | 4182562 |
| 4.45%, 05/14/46 | &nbsp;&nbsp; 3946 | 3494406 |
| 4.50%, 05/14/35 | &nbsp;&nbsp; 4420 | 4378552 |
| 4.55%, 03/15/35 | &nbsp;&nbsp; 2898 | 2885328 |
| 4.63%, 10/01/42 | &nbsp;&nbsp; 745 | 696757 |
| 4.65%, 03/15/28 | &nbsp;&nbsp; 2081 | 2117626 |
| 4.70%, 05/14/45 | &nbsp;&nbsp; 4927 | 4523851 |
| 4.75%, 03/15/36 | &nbsp;&nbsp; 1550 | 1558120 |
| 4.75%, 03/15/45 | &nbsp;&nbsp; 1293 | 1197576 |
| 4.80%, 03/15/27 | &nbsp;&nbsp; 3685 | 3719428 |
| 4.80%, 03/15/29 | &nbsp;&nbsp; 4350 | 4469173 |
| 4.85%, 06/15/44 | &nbsp;&nbsp; 2167 | 2039877 |
| 4.88%, 03/15/30 | &nbsp;&nbsp; 2080 | 2150799 |
| 4.88%, 11/14/48 | &nbsp;&nbsp; 3515 | 3247887 |
| 4.95%, 03/15/31 | &nbsp;&nbsp; 3300 | 3435439 |
| 5.05%, 03/15/34 | &nbsp;&nbsp; 4315 | 4479711 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 1895 | 1977171 |
| 5.35%, 03/15/44 | &nbsp;&nbsp; 1450 | 1453792 |
| 5.40%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 5405 | 5308150 |
| 5.50%, 03/15/64 | &nbsp;&nbsp; 2955 | 2907085 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 680 | 684193 |
| 5.60%, 03/15/55 | &nbsp;&nbsp; 1195 | 1209155 |
| 5.65%, 03/15/66 | &nbsp;&nbsp; 2070 | 2083773 |
| Astrazeneca Finance LLC |  |  |
| 1.75%, 05/28/28 | &nbsp;&nbsp; 2768 | 2650001 |
| 2.25%, 05/28/31 | &nbsp;&nbsp; 1375 | 1260369 |
| 4.00%, 03/02/31 | &nbsp;&nbsp; 770 | 770437 |
| 4.30%, 03/02/33 | &nbsp;&nbsp; 900 | 902344 |
| 4.60%, 03/02/36 | &nbsp;&nbsp; 900 | 900914 |
| 4.85%, 02/26/29 | &nbsp;&nbsp; 2005 | 2065912 |
| 4.88%, 03/03/28 | &nbsp;&nbsp; 2135 | 2182234 |
| 4.88%, 03/03/33<sup>(a)</sup> | &nbsp;&nbsp; 850 | 884422 |
| 4.90%, 03/03/30 | &nbsp;&nbsp; 1200 | 1243964 |
| 4.90%, 02/26/31<sup>(a)</sup> | &nbsp;&nbsp; 1880 | 1955596 |
| 5.00%, 02/26/34 | &nbsp;&nbsp; 2500 | 2602367 |
| AstraZeneca PLC |  |  |
| 1.38%, 08/06/30 | &nbsp;&nbsp; 2467 | 2213579 |
| 2.13%, 08/06/50 | &nbsp;&nbsp; 1050 | 600372 |
| 3.00%, 05/28/51<sup>(a)</sup> | &nbsp;&nbsp; 1305 | 896600 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 3.13%, 06/12/27 | &nbsp;&nbsp; $1310 | $1302570 |
| 4.00%, 01/17/29 | &nbsp;&nbsp; 2007 | 2020768 |
| 4.00%, 09/18/42 | &nbsp;&nbsp; 1840 | 1605647 |
| 4.38%, 11/16/45 | &nbsp;&nbsp; 1854 | 1659527 |
| 4.38%, 08/17/48 | &nbsp;&nbsp; 1266 | 1121824 |
| 6.45%, 09/15/37 | &nbsp;&nbsp; 4765 | 5465550 |
| Bayer Corp., 6.65%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1289 | 1350374 |
| Bayer U.S. Finance II LLC |  |  |
| 3.95%, 04/15/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 938 | 714366 |
| 4.20%, 07/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 689 | 652737 |
| 4.38%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp; 6412 | 6434984 |
| 4.40%, 07/15/44<sup>(b)</sup> | &nbsp;&nbsp; 1867 | 1532666 |
| 4.63%, 06/25/38<sup>(a)(b)</sup> | &nbsp;&nbsp; 1802 | 1672316 |
| 4.65%, 11/15/43<sup>(a)(b)</sup> | &nbsp;&nbsp; 575 | 475817 |
| 4.70%, 07/15/64<sup>(a)(b)</sup> | &nbsp;&nbsp; 1535 | 1208024 |
| 4.88%, 06/25/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 3910 | 3354372 |
| 5.50%, 07/30/35<sup>(b)</sup> | &nbsp;&nbsp; 1140 | 1171829 |
| Bayer U.S. Finance LLC |  |  |
| 6.25%, 01/21/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2055 | 2168860 |
| 6.38%, 11/21/30<sup>(b)</sup> | &nbsp;&nbsp; 2825 | 3042785 |
| 6.50%, 11/21/33<sup>(b)</sup> | &nbsp;&nbsp; 2285 | 2504461 |
| 6.88%, 11/21/53<sup>(b)</sup> | &nbsp;&nbsp; 1385 | 1513037 |
| Becton Dickinson & Co. |  |  |
| 1.96%, 02/11/31 | &nbsp;&nbsp; 2167 | 1948290 |
| 2.82%, 05/20/30 | &nbsp;&nbsp; 1761 | 1674940 |
| 3.70%, 06/06/27 | &nbsp;&nbsp; 3118 | 3106841 |
| 3.79%, 05/20/50<sup>(a)</sup> | &nbsp;&nbsp; 1140 | 875855 |
| 4.30%, 08/22/32<sup>(a)</sup> | &nbsp;&nbsp; 1059 | 1061705 |
| 4.69%, 02/13/28 | &nbsp;&nbsp; 1475 | 1495164 |
| 4.87%, 02/08/29 | &nbsp;&nbsp; 1315 | 1347411 |
| 5.11%, 02/08/34 | &nbsp;&nbsp; 1005 | 1033974 |
| Bristol-Myers Squibb Co. |  |  |
| 1.13%, 11/13/27 | &nbsp;&nbsp; 1663 | 1595962 |
| 1.45%, 11/13/30 | &nbsp;&nbsp; 2286 | 2042053 |
| 2.35%, 11/13/40<sup>(a)</sup> | &nbsp;&nbsp; 1293 | 934709 |
| 2.55%, 11/13/50 | &nbsp;&nbsp; 2086 | 1261464 |
| 2.95%, 03/15/32 | &nbsp;&nbsp; 2610 | 2441621 |
| 3.25%, 08/01/42 | &nbsp;&nbsp; 970 | 759257 |
| 3.40%, 07/26/29 | &nbsp;&nbsp; 4486 | 4423215 |
| 3.45%, 11/15/27 | &nbsp;&nbsp; 1275 | 1272507 |
| 3.55%, 03/15/42 | &nbsp;&nbsp; 2235 | 1833747 |
| 3.70%, 03/15/52<sup>(a)</sup> | &nbsp;&nbsp; 4127 | 3083123 |
| 3.90%, 02/20/28<sup>(a)</sup> | &nbsp;&nbsp; 280 | 281347 |
| 3.90%, 03/15/62 | &nbsp;&nbsp; 1599 | 1180446 |
| 4.13%, 06/15/39 | &nbsp;&nbsp; 3720 | 3419420 |
| 4.25%, 10/26/49<sup>(a)</sup> | &nbsp;&nbsp; 6857 | 5704272 |
| 4.35%, 11/15/47 | &nbsp;&nbsp; 2179 | 1866469 |
| 4.50%, 03/01/44 | &nbsp;&nbsp; 460 | 413899 |
| 4.55%, 02/20/48 | &nbsp;&nbsp; 2582 | 2261332 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 1750 | 1599628 |
| 4.90%, 02/22/29<sup>(a)</sup> | &nbsp;&nbsp; 740 | 764435 |
| 5.00%, 08/15/45 | &nbsp;&nbsp; 1500 | 1429322 |
| 5.10%, 02/22/31 | &nbsp;&nbsp; 2890 | 3022538 |
| 5.20%, 02/22/34<sup>(a)</sup> | &nbsp;&nbsp; 3995 | 4181395 |
| 5.50%, 02/22/44 | &nbsp;&nbsp; 1010 | 1032710 |
| 5.55%, 02/22/54 | &nbsp;&nbsp; 5240 | 5198446 |
| 5.65%, 02/22/64<sup>(a)</sup> | &nbsp;&nbsp; 140 | 140584 |
| 5.75%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1985 | 2133588 |
| 5.88%, 11/15/36<sup>(a)</sup> | &nbsp;&nbsp; 522 | 571035 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 1202 | 1320210 |
| 6.25%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 310 | 342153 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 6.40%, 11/15/63<sup>(a)</sup> | &nbsp;&nbsp; $400 | $446674 |
| Cardinal Health, Inc. |  |  |
| 3.41%, 06/15/27 | &nbsp;&nbsp; 1931 | 1919516 |
| 4.37%, 06/15/47<sup>(a)</sup> | &nbsp;&nbsp; 1097 | 929664 |
| 4.50%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 650 | 659403 |
| 4.50%, 11/15/44 | &nbsp;&nbsp; 677 | 589889 |
| 4.60%, 03/15/43 | &nbsp;&nbsp; 635 | 570213 |
| 4.90%, 09/15/45 | &nbsp;&nbsp; 859 | 787999 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 2455 | 2530844 |
| 5.13%, 02/15/29 | &nbsp;&nbsp; 1700 | 1753405 |
| 5.15%, 09/15/35 | &nbsp;&nbsp; 750 | 767905 |
| 5.35%, 11/15/34 | &nbsp;&nbsp; 1270 | 1321094 |
| 5.45%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 685 | 720489 |
| 5.75%, 11/15/54 | &nbsp;&nbsp; 1170 | 1181970 |
| Cencora, Inc. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 1615 | 1504983 |
| 2.80%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1085 | 1030683 |
| 3.45%, 12/15/27 | &nbsp;&nbsp; 1678 | 1665422 |
| 3.95%, 02/13/29 | &nbsp;&nbsp; 800 | 800340 |
| 4.25%, 11/15/30 | &nbsp;&nbsp; 290 | 291101 |
| 4.25%, 03/01/45 | &nbsp;&nbsp; 955 | 826622 |
| 4.30%, 12/15/47<sup>(a)</sup> | &nbsp;&nbsp; 957 | 823501 |
| 4.60%, 02/13/33 | &nbsp;&nbsp; 590 | 594319 |
| 4.63%, 12/15/27 | &nbsp;&nbsp; 1110 | 1123882 |
| 4.85%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1028955 |
| 4.90%, 02/13/36<sup>(a)</sup> | &nbsp;&nbsp; 1175 | 1183249 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 780 | 809102 |
| 5.15%, 02/15/35 | &nbsp;&nbsp; 615 | 636161 |
| 5.65%, 02/13/56 | &nbsp;&nbsp; 605 | 608346 |
| CVS Health Corp. |  |  |
| 1.30%, 08/21/27 | &nbsp;&nbsp; 3232 | 3111817 |
| 1.75%, 08/21/30 | &nbsp;&nbsp; 2455 | 2206839 |
| 1.88%, 02/28/31 | &nbsp;&nbsp; 3285 | 2928425 |
| 2.13%, 09/15/31 | &nbsp;&nbsp; 1695 | 1503724 |
| 2.70%, 08/21/40 | &nbsp;&nbsp; 535 | 390566 |
| 3.25%, 08/15/29 | &nbsp;&nbsp; 3897 | 3791804 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 1191 | 1187387 |
| 3.75%, 04/01/30 | &nbsp;&nbsp; 2024 | 1992408 |
| 4.13%, 04/01/40 | &nbsp;&nbsp; 2076 | 1806073 |
| 4.25%, 04/01/50 | &nbsp;&nbsp; 645 | 510333 |
| 4.30%, 03/25/28 | &nbsp;&nbsp; 9491 | 9546740 |
| 4.78%, 03/25/38 | &nbsp;&nbsp; 10051 | 9603679 |
| 4.88%, 07/20/35 | &nbsp;&nbsp; 1208 | 1200644 |
| 5.00%, 01/30/29 | &nbsp;&nbsp; 2065 | 2119403 |
| 5.00%, 09/15/32 | &nbsp;&nbsp; 1090 | 1118322 |
| 5.05%, 03/25/48 | &nbsp;&nbsp; 14119 | 12589944 |
| 5.13%, 02/21/30 | &nbsp;&nbsp; 2615 | 2697172 |
| 5.13%, 07/20/45 | &nbsp;&nbsp; 6648 | 6083976 |
| 5.25%, 01/30/31 | &nbsp;&nbsp; 2205 | 2298117 |
| 5.25%, 02/21/33 | &nbsp;&nbsp; 2890 | 3001824 |
| 5.30%, 06/01/33 | &nbsp;&nbsp; 2030 | 2104603 |
| 5.30%, 12/05/43 | &nbsp;&nbsp; 1410 | 1329951 |
| 5.40%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2075 | 2157158 |
| 5.45%, 09/15/35 | &nbsp;&nbsp; 2175 | 2246443 |
| 5.55%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 2035 | 2147142 |
| 5.63%, 02/21/53 | &nbsp;&nbsp; 2305 | 2193942 |
| 5.70%, 06/01/34 | &nbsp;&nbsp; 2762 | 2916529 |
| 5.88%, 06/01/53<sup>(a)</sup> | &nbsp;&nbsp; 2800 | 2745493 |
| 6.00%, 06/01/44 | &nbsp;&nbsp; 2045 | 2076448 |
| 6.00%, 06/01/63<sup>(a)</sup> | &nbsp;&nbsp; 1894 | 1858184 |
| 6.05%, 06/01/54 | &nbsp;&nbsp; 2135 | 2146159 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 6.13%, 09/15/39<sup>(a)</sup> | &nbsp;&nbsp; $1448 | $1537373 |
| 6.20%, 09/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1990 | 2039967 |
| 6.25%, 06/01/27 | &nbsp;&nbsp; 680 | 699122 |
| 6.25%, 09/15/65 | &nbsp;&nbsp; 960 | 973297 |
| Eli Lilly & Co. |  |  |
| 2.25%, 05/15/50 | &nbsp;&nbsp; 1958 | 1146553 |
| 2.50%, 09/15/60 | &nbsp;&nbsp; 782 | 434726 |
| 3.10%, 05/15/27 | &nbsp;&nbsp; 636 | 632303 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 1573 | 1558442 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 885 | 720360 |
| 3.95%, 05/15/47 | &nbsp;&nbsp; 776 | 642344 |
| 3.95%, 03/15/49 | &nbsp;&nbsp; 1585 | 1296472 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 2035 | 2054055 |
| 4.15%, 08/14/27 | &nbsp;&nbsp; 995 | 1002212 |
| 4.15%, 03/15/59 | &nbsp;&nbsp; 1435 | 1155891 |
| 4.20%, 08/14/29 | &nbsp;&nbsp; 1550 | 1571336 |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 2050 | 2079393 |
| 4.50%, 02/09/29 | &nbsp;&nbsp; 1800 | 1840862 |
| 4.55%, 02/12/28<sup>(a)</sup> | &nbsp;&nbsp; 2945 | 2993626 |
| 4.55%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1820 | 1857846 |
| 4.60%, 08/14/34 | &nbsp;&nbsp; 2365 | 2401402 |
| 4.70%, 02/27/33 | &nbsp;&nbsp; 1430 | 1470976 |
| 4.70%, 02/09/34 | &nbsp;&nbsp; 2515 | 2573192 |
| 4.75%, 02/12/30 | &nbsp;&nbsp; 2070 | 2139038 |
| 4.88%, 02/27/53 | &nbsp;&nbsp; 2512 | 2312472 |
| 4.90%, 02/12/32 | &nbsp;&nbsp; 860 | 895358 |
| 4.90%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2595 | 2657576 |
| 4.95%, 02/27/63 | &nbsp;&nbsp; 1610 | 1463509 |
| 5.00%, 02/09/54<sup>(a)</sup> | &nbsp;&nbsp; 2605 | 2446778 |
| 5.05%, 08/14/54 | &nbsp;&nbsp; 2405 | 2275283 |
| 5.10%, 02/12/35 | &nbsp;&nbsp; 2150 | 2238249 |
| 5.10%, 02/09/64 | &nbsp;&nbsp; 2760 | 2567497 |
| 5.20%, 08/14/64 | &nbsp;&nbsp; 1580 | 1490780 |
| 5.50%, 03/15/27 | &nbsp;&nbsp; 465 | 473852 |
| 5.50%, 02/12/55 | &nbsp;&nbsp; 2065 | 2080216 |
| 5.55%, 03/15/37<sup>(a)</sup> | &nbsp;&nbsp; 865 | 937805 |
| 5.55%, 10/15/55 | &nbsp;&nbsp; 2015 | 2048230 |
| 5.60%, 02/12/65 | &nbsp;&nbsp; 1870 | 1882864 |
| 5.65%, 10/15/65 | &nbsp;&nbsp; 1195 | 1209742 |
| 5.95%, 11/15/37<sup>(a)</sup> | &nbsp;&nbsp; 600 | 670550 |
| EMD Finance LLC |  |  |
| 4.13%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1185 | 1190831 |
| 4.38%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 2230 | 2249064 |
| 4.63%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 2255 | 2283198 |
| 5.00%, 10/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1875 | 1893013 |
| GlaxoSmithKline Capital PLC |  |  |
| 3.38%, 06/01/29 | &nbsp;&nbsp; 1784 | 1760686 |
| 4.32%, 03/12/27<sup>(a)</sup> | &nbsp;&nbsp; 645 | 649415 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 3.88%, 05/15/28 | &nbsp;&nbsp; 3689 | 3704432 |
| 4.20%, 03/18/43<sup>(a)</sup> | &nbsp;&nbsp; 920 | 825389 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 1335 | 1365253 |
| 4.88%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1825 | 1862976 |
| 5.38%, 04/15/34 | &nbsp;&nbsp; 1000 | 1069641 |
| 6.38%, 05/15/38 | &nbsp;&nbsp; 4658 | 5311324 |
| Johnson & Johnson |  |  |
| 0.95%, 09/01/27 | &nbsp;&nbsp; 2481 | 2389660 |
| 1.30%, 09/01/30 | &nbsp;&nbsp; 2996 | 2705916 |
| 2.10%, 09/01/40 | &nbsp;&nbsp; 1260 | 909189 |
| 2.25%, 09/01/50<sup>(a)</sup> | &nbsp;&nbsp; 630 | 377816 |
| 2.45%, 09/01/60 | &nbsp;&nbsp; 2673 | 1496194 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 2.90%, 01/15/28 | &nbsp;&nbsp; $3130 | $3096925 |
| 2.95%, 03/03/27 | &nbsp;&nbsp; 1468 | 1459571 |
| 3.40%, 01/15/38 | &nbsp;&nbsp; 1816 | 1619398 |
| 3.50%, 01/15/48 | &nbsp;&nbsp; 1414 | 1107313 |
| 3.55%, 03/01/36 | &nbsp;&nbsp; 1911 | 1779744 |
| 3.63%, 03/03/37 | &nbsp;&nbsp; 2812 | 2591448 |
| 3.70%, 03/01/46 | &nbsp;&nbsp; 3326 | 2729550 |
| 3.75%, 03/03/47 | &nbsp;&nbsp; 2063 | 1682601 |
| 4.38%, 12/05/33 | &nbsp;&nbsp; 1557 | 1585768 |
| 4.50%, 03/01/27 | &nbsp;&nbsp; 1100 | 1110697 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 1030 | 1004129 |
| 4.50%, 12/05/43 | &nbsp;&nbsp; 1120 | 1061821 |
| 4.55%, 03/01/28 | &nbsp;&nbsp; 1625 | 1656005 |
| 4.70%, 03/01/30 | &nbsp;&nbsp; 1115 | 1155722 |
| 4.80%, 06/01/29 | &nbsp;&nbsp; 2170 | 2246610 |
| 4.85%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 2405 | 2518253 |
| 4.85%, 05/15/41<sup>(a)</sup> | &nbsp;&nbsp; 494 | 497095 |
| 4.90%, 06/01/31 | &nbsp;&nbsp; 2175 | 2280610 |
| 4.95%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 856 | 907602 |
| 4.95%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1715 | 1815692 |
| 5.00%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2220 | 2337028 |
| 5.25%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1710 | 1732960 |
| 5.85%, 07/15/38 | &nbsp;&nbsp; 1456 | 1625010 |
| 5.95%, 08/15/37<sup>(a)</sup> | &nbsp;&nbsp; 1667 | 1870658 |
| 6.95%, 09/01/29 | &nbsp;&nbsp; 735 | 813588 |
| McKesson Corp. |  |  |
| 3.95%, 02/16/28<sup>(a)</sup> | &nbsp;&nbsp; 1195 | 1197566 |
| 4.25%, 09/15/29 | &nbsp;&nbsp; 1345 | 1359375 |
| 4.65%, 05/30/30<sup>(a)</sup> | &nbsp;&nbsp; 1570 | 1607149 |
| 4.88%, 03/15/44 | &nbsp;&nbsp; 772 | 713762 |
| 4.90%, 07/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1015 | 1040993 |
| 4.95%, 05/30/32<sup>(a)</sup> | &nbsp;&nbsp; 1300 | 1354514 |
| 5.10%, 07/15/33 | &nbsp;&nbsp; 835 | 872527 |
| 5.25%, 05/30/35<sup>(a)</sup> | &nbsp;&nbsp; 1300 | 1364131 |
| Mead Johnson Nutrition Co., 4.60%, 06/01/44 | &nbsp;&nbsp; 770 | 700228 |
| Merck & Co., Inc. |  |  |
| 1.45%, 06/24/30 | &nbsp;&nbsp; 2425 | 2196700 |
| 1.70%, 06/10/27 | &nbsp;&nbsp; 2444 | 2388278 |
| 1.90%, 12/10/28 | &nbsp;&nbsp; 1537 | 1467484 |
| 2.15%, 12/10/31 | &nbsp;&nbsp; 3940 | 3560734 |
| 2.35%, 06/24/40 | &nbsp;&nbsp; 2063 | 1513256 |
| 2.45%, 06/24/50<sup>(a)</sup> | &nbsp;&nbsp; 3261 | 1964558 |
| 2.75%, 12/10/51 | &nbsp;&nbsp; 3818 | 2404461 |
| 2.90%, 12/10/61 | &nbsp;&nbsp; 2795 | 1657646 |
| 3.40%, 03/07/29 | &nbsp;&nbsp; 3618 | 3584792 |
| 3.60%, 09/15/42 | &nbsp;&nbsp; 1192 | 982503 |
| 3.70%, 02/10/45 | &nbsp;&nbsp; 4441 | 3591074 |
| 3.85%, 09/15/27 | &nbsp;&nbsp; 1300 | 1306478 |
| 3.85%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1875 | 1882528 |
| 3.90%, 03/07/39 | &nbsp;&nbsp; 1771 | 1610899 |
| 4.00%, 03/07/49 | &nbsp;&nbsp; 2412 | 1963982 |
| 4.05%, 05/17/28 | &nbsp;&nbsp; 715 | 720683 |
| 4.15%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1355 | 1369799 |
| 4.15%, 03/15/31 | &nbsp;&nbsp; 1670 | 1681370 |
| 4.15%, 05/18/43 | &nbsp;&nbsp; 2084 | 1829822 |
| 4.30%, 05/17/30 | &nbsp;&nbsp; 2210 | 2245011 |
| 4.45%, 12/04/32<sup>(a)</sup> | &nbsp;&nbsp; 540 | 547286 |
| 4.50%, 05/17/33<sup>(a)</sup> | &nbsp;&nbsp; 2100 | 2140120 |
| 4.55%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 1844407 |
| 4.75%, 12/04/35 | &nbsp;&nbsp; 1335 | 1347158 |
| 4.90%, 05/17/44 | &nbsp;&nbsp; 1605 | 1531424 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.95%, 09/15/35 | &nbsp;&nbsp; $2420 | $2482059 |
| 5.00%, 05/17/53 | &nbsp;&nbsp; 2540 | 2363385 |
| 5.15%, 05/17/63 | &nbsp;&nbsp; 1800 | 1672231 |
| 5.50%, 03/15/46 | &nbsp;&nbsp; 1300 | 1315354 |
| 5.55%, 12/04/55<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2005546 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 1875 | 1917556 |
| 5.70%, 12/04/65 | &nbsp;&nbsp; 1800 | 1807068 |
| 6.50%, 12/01/33 | &nbsp;&nbsp; 1280 | 1460327 |
| 6.55%, 09/15/37 | &nbsp;&nbsp; 960 | 1110756 |
| Merck Sharp & Dohme Corp. |  |  |
| 5.75%, 11/15/36<sup>(a)</sup> | &nbsp;&nbsp; 678 | 748062 |
| 5.85%, 06/30/39 | &nbsp;&nbsp; 700 | 764149 |
| 5.95%, 12/01/28 | &nbsp;&nbsp; 1580 | 1669737 |
| 6.40%, 03/01/28 | &nbsp;&nbsp; 1430 | 1501371 |
| Mylan, Inc. |  |  |
| 4.55%, 04/15/28 | &nbsp;&nbsp; 1209 | 1215152 |
| 5.20%, 04/15/48 | &nbsp;&nbsp; 1133 | 943476 |
| 5.40%, 11/29/43 | &nbsp;&nbsp; 746 | 657568 |
| Novartis Capital Corp. |  |  |
| 2.20%, 08/14/30 | &nbsp;&nbsp; 3019 | 2814629 |
| 2.75%, 08/14/50 | &nbsp;&nbsp; 2521 | 1654738 |
| 3.10%, 05/17/27 | &nbsp;&nbsp; 1455 | 1446815 |
| 3.70%, 09/21/42 | &nbsp;&nbsp; 1233 | 1036834 |
| 3.80%, 09/18/29<sup>(a)</sup> | &nbsp;&nbsp; 2185 | 2186164 |
| 3.90%, 11/05/28 | &nbsp;&nbsp; 1410 | 1417123 |
| 4.00%, 09/18/31 | &nbsp;&nbsp; 1745 | 1750988 |
| 4.00%, 11/20/45 | &nbsp;&nbsp; 1723 | 1469916 |
| 4.10%, 11/05/30 | &nbsp;&nbsp; 2100 | 2113843 |
| 4.20%, 09/18/34 | &nbsp;&nbsp; 1130 | 1121343 |
| 4.30%, 11/05/32<sup>(a)</sup> | &nbsp;&nbsp; 1180 | 1188485 |
| 4.40%, 05/06/44 | &nbsp;&nbsp; 2417 | 2198688 |
| 4.60%, 11/05/35 | &nbsp;&nbsp; 975 | 979901 |
| 4.70%, 09/18/54 | &nbsp;&nbsp; 1360 | 1231958 |
| 5.20%, 11/05/45 | &nbsp;&nbsp; 1385 | 1371403 |
| 5.30%, 11/05/55<sup>(a)</sup> | &nbsp;&nbsp; 635 | 629088 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 4.45%, 05/19/28 | &nbsp;&nbsp; 6540 | 6636268 |
| 4.65%, 05/19/30 | &nbsp;&nbsp; 5005 | 5131473 |
| 4.75%, 05/19/33 | &nbsp;&nbsp; 9430 | 9626067 |
| 5.11%, 05/19/43 | &nbsp;&nbsp; 4710 | 4583668 |
| 5.30%, 05/19/53 | &nbsp;&nbsp; 10380 | 9938603 |
| 5.34%, 05/19/63 | &nbsp;&nbsp; 7229 | 6784111 |
| Pfizer, Inc. |  |  |
| 1.70%, 05/28/30 | &nbsp;&nbsp; 2260 | 2068784 |
| 1.75%, 08/18/31<sup>(a)</sup> | &nbsp;&nbsp; 1758 | 1569228 |
| 2.55%, 05/28/40 | &nbsp;&nbsp; 1901 | 1426627 |
| 2.63%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2268 | 2158237 |
| 2.70%, 05/28/50<sup>(a)</sup> | &nbsp;&nbsp; 1234 | 789926 |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 3113 | 3091605 |
| 3.60%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2208 | 2206868 |
| 3.88%, 11/15/27 | &nbsp;&nbsp; 640 | 643081 |
| 3.90%, 03/15/39 | &nbsp;&nbsp; 1783 | 1606207 |
| 4.00%, 12/15/36<sup>(a)</sup> | &nbsp;&nbsp; 2219 | 2104261 |
| 4.00%, 03/15/49 | &nbsp;&nbsp; 2394 | 1943690 |
| 4.10%, 09/15/38<sup>(a)</sup> | &nbsp;&nbsp; 778 | 722205 |
| 4.13%, 12/15/46 | &nbsp;&nbsp; 2364 | 1981945 |
| 4.20%, 11/15/30 | &nbsp;&nbsp; 1000 | 1010219 |
| 4.20%, 09/15/48 | &nbsp;&nbsp; 2056 | 1730331 |
| 4.30%, 06/15/43 | &nbsp;&nbsp; 1441 | 1285458 |
| 4.40%, 05/15/44 | &nbsp;&nbsp; 1538 | 1397812 |
| 4.50%, 11/15/32 | &nbsp;&nbsp; 1715 | 1743916 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.88%, 11/15/35 | &nbsp;&nbsp; $1825 | $1859390 |
| 5.60%, 09/15/40<sup>(a)</sup> | &nbsp;&nbsp; 1142 | 1203888 |
| 5.60%, 11/15/55<sup>(a)</sup> | &nbsp;&nbsp; 925 | 932769 |
| 5.70%, 11/15/65 | &nbsp;&nbsp; 1395 | 1386357 |
| 7.20%, 03/15/39 | &nbsp;&nbsp; 4335 | 5236781 |
| Sanofi SA |  |  |
| 3.63%, 06/19/28 | &nbsp;&nbsp; 2181 | 2181669 |
| 3.75%, 11/03/27 | &nbsp;&nbsp; 775 | 777149 |
| 3.80%, 11/03/28 | &nbsp;&nbsp; 1045 | 1046640 |
| 4.20%, 11/03/32 | &nbsp;&nbsp; 775 | 778285 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| 2.05%, 03/31/30 | &nbsp;&nbsp; 4380 | 4044405 |
| 3.03%, 07/09/40 | &nbsp;&nbsp; 2695 | 2104565 |
| 3.18%, 07/09/50 | &nbsp;&nbsp; 3495 | 2397443 |
| 3.38%, 07/09/60<sup>(a)</sup> | &nbsp;&nbsp; 1536 | 1008675 |
| 5.00%, 11/26/28<sup>(a)</sup> | &nbsp;&nbsp; 2933 | 3005243 |
| 5.30%, 07/05/34 | &nbsp;&nbsp; 2525 | 2632880 |
| 5.65%, 07/05/44 | &nbsp;&nbsp; 1915 | 1957595 |
| 5.65%, 07/05/54<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 999016 |
| 5.80%, 07/05/64 | &nbsp;&nbsp; 1099 | 1109545 |
| Takeda U.S. Financing, Inc. |  |  |
| 5.20%, 07/07/35 | &nbsp;&nbsp; 2385 | 2453201 |
| 5.90%, 07/07/55 | &nbsp;&nbsp; 1460 | 1506739 |
| Utah Acquisition Sub, Inc., 5.25%, 06/15/46 | &nbsp;&nbsp; 1336 | 1125535 |
| Viatris, Inc. |  |  |
| 2.30%, 06/22/27 | &nbsp;&nbsp; 1273 | 1241575 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 1798 | 1660213 |
| 3.85%, 06/22/40 | &nbsp;&nbsp; 2316 | 1823356 |
| 4.00%, 06/22/50 | &nbsp;&nbsp; 2893 | 1981257 |
| Wyeth LLC |  |  |
| 5.95%, 04/01/37 | &nbsp;&nbsp; 3506 | 3834659 |
| 6.00%, 02/15/36 | &nbsp;&nbsp; 905 | 994313 |
| 6.50%, 02/01/34 | &nbsp;&nbsp; 1258 | 1424296 |
| Zoetis, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 1409 | 1301570 |
| 3.00%, 09/12/27 | &nbsp;&nbsp; 939 | 927876 |
| 3.00%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1011 | 684797 |
| 3.90%, 08/20/28 | &nbsp;&nbsp; 1499 | 1500985 |
| 3.95%, 09/12/47<sup>(a)</sup> | &nbsp;&nbsp; 1037 | 855977 |
| 4.15%, 08/17/28 | &nbsp;&nbsp; 1480 | 1491264 |
| 4.45%, 08/20/48<sup>(a)</sup> | &nbsp;&nbsp; 784 | 687369 |
| 4.70%, 02/01/43 | &nbsp;&nbsp; 1961 | 1823905 |
| 5.00%, 08/17/35<sup>(a)</sup> | &nbsp;&nbsp; 975 | 994601 |
| 5.60%, 11/16/32 | &nbsp;&nbsp; 1105 | 1184997 |
|  |  | 728416584 |
| **Pipelines — 3.7%** | **Pipelines — 3.7%** | **Pipelines — 3.7%** |
| Abu Dhabi Crude Oil Pipeline LLC |  |  |
| 3.65%, 11/02/29<sup>(b)</sup> | &nbsp;&nbsp; 785 | 771276 |
| 4.60%, 11/02/47<sup>(b)</sup> | &nbsp;&nbsp; 4135 | 3842623 |
| Boardwalk Pipelines LP |  |  |
| 3.40%, 02/15/31 | &nbsp;&nbsp; 1300 | 1242037 |
| 3.60%, 09/01/32 | &nbsp;&nbsp; 915 | 865520 |
| 4.45%, 07/15/27 | &nbsp;&nbsp; 1118 | 1122791 |
| 4.80%, 05/03/29 | &nbsp;&nbsp; 1410 | 1438299 |
| 5.38%, 02/15/36 | &nbsp;&nbsp; 825 | 839101 |
| 5.63%, 08/01/34 | &nbsp;&nbsp; 980 | 1036650 |
| Cameron LNG LLC |  |  |
| 2.90%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1695 | 1590962 |
| 3.30%, 01/15/35<sup>(b)</sup> | &nbsp;&nbsp; 1390 | 1240196 |
| 3.40%, 01/15/38<sup>(b)</sup> | &nbsp;&nbsp; 1060 | 944160 |
| 3.70%, 01/15/39<sup>(b)</sup> | &nbsp;&nbsp; 1705 | 1482959 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Cheniere Corpus Christi Holdings LLC |  |  |
| 2.74%, 12/31/39 | &nbsp;&nbsp; $985 | $856650 |
| 3.70%, 11/15/29 | &nbsp;&nbsp; 2016 | 1988301 |
| 5.13%, 06/30/27 | &nbsp;&nbsp; 2104 | 2123903 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/32 | &nbsp;&nbsp; 1888 | 1760272 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 3830 | 3754115 |
| 4.50%, 10/01/29 | &nbsp;&nbsp; 5775 | 5809328 |
| 5.55%, 10/30/35<sup>(a)</sup> | &nbsp;&nbsp; 1100 | 1141503 |
| 5.75%, 08/15/34 | &nbsp;&nbsp; 2325 | 2456881 |
| 5.95%, 06/30/33 | &nbsp;&nbsp; 2086 | 2237615 |
| Cheniere Energy, Inc. |  |  |
| 4.63%, 10/15/28 | &nbsp;&nbsp; 1640 | 1639414 |
| 5.65%, 04/15/34 | &nbsp;&nbsp; 2385 | 2507966 |
| Colonial Enterprises, Inc. |  |  |
| 3.25%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1332 | 1266785 |
| 5.63%, 11/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 520 | 534417 |
| Colonial Pipeline Co. |  |  |
| 4.20%, 04/15/43<sup>(a)(b)</sup> | &nbsp;&nbsp; 550 | 440770 |
| 4.25%, 04/15/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 1315 | 1040222 |
| 6.38%, 08/01/37<sup>(b)</sup> | &nbsp;&nbsp; 215 | 226352 |
| 7.63%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 945 | 1072842 |
| Columbia Pipeline Group, Inc., 5.80%, <br> 06/01/45<br>| &nbsp;&nbsp; 840 | 852808 |
| Columbia Pipelines Holding Co. LLC |  |  |
| 5.00%, 11/17/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 85 | 86713 |
| 5.10%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 900 | 925872 |
| 5.68%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 870 | 910169 |
| 6.04%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1705 | 1782248 |
| Columbia Pipelines Operating Co. LLC |  |  |
| 5.44%, 02/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 460 | 479125 |
| 5.70%, 10/01/54<sup>(b)</sup> | &nbsp;&nbsp; 885 | 868156 |
| 5.93%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1650 | 1762583 |
| 5.96%, 02/15/55<sup>(b)</sup> | &nbsp;&nbsp; 870 | 883538 |
| 6.04%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; 2445 | 2649057 |
| 6.50%, 08/15/43<sup>(b)</sup> | &nbsp;&nbsp; 1245 | 1345230 |
| 6.54%, 11/15/53<sup>(a)(b)</sup> | &nbsp;&nbsp; 2225 | 2426528 |
| 6.71%, 08/15/63<sup>(b)</sup> | &nbsp;&nbsp; 935 | 1037635 |
| DCP Midstream Operating LP |  |  |
| 3.25%, 02/15/32 | &nbsp;&nbsp; 875 | 814783 |
| 5.13%, 05/15/29 | &nbsp;&nbsp; 1310 | 1347249 |
| 5.60%, 04/01/44 | &nbsp;&nbsp; 935 | 926259 |
| 5.63%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 495 | 504545 |
| 6.45%, 11/03/36<sup>(b)</sup> | &nbsp;&nbsp; 595 | 648342 |
| 6.75%, 09/15/37<sup>(b)</sup> | &nbsp;&nbsp; 820 | 913521 |
| 8.13%, 08/16/30<sup>(a)</sup> | &nbsp;&nbsp; 640 | 744429 |
| DT Midstream, Inc. |  |  |
| 4.13%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1140 | 1131987 |
| 4.30%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1045 | 1023308 |
| 4.38%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 350 | 345027 |
| 5.80%, 12/15/34<sup>(b)</sup> | &nbsp;&nbsp; 1235 | 1302039 |
| Eastern Energy Gas Holdings LLC |  |  |
| 5.65%, 10/15/54 | &nbsp;&nbsp; 1870 | 1847286 |
| 5.80%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 525 | 563117 |
| 6.20%, 01/15/55 | &nbsp;&nbsp; 405 | 430544 |
| Eastern Gas Transmission & Storage, Inc. |  |  |
| 3.00%, 11/15/29 | &nbsp;&nbsp; 1439 | 1392342 |
| 3.90%, 11/15/49<sup>(a)</sup> | &nbsp;&nbsp; 501 | 375636 |
| 4.60%, 12/15/44 | &nbsp;&nbsp; 794 | 694790 |
| 4.80%, 11/01/43 | &nbsp;&nbsp; 662 | 599435 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| EIG Pearl Holdings SARL |  |  |
| 3.55%, 08/31/36<sup>(b)</sup> | &nbsp;&nbsp; $934 | $866272 |
| 4.39%, 11/30/46<sup>(b)</sup> | &nbsp;&nbsp; 1495 | 1266086 |
| El Paso Natural Gas Co. LLC |  |  |
| 3.50%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 425 | 401482 |
| 8.38%, 06/15/32 | &nbsp;&nbsp; 690 | 829003 |
| Enbridge Energy Partners LP |  |  |
| 5.50%, 09/15/40 | &nbsp;&nbsp; 1209 | 1224003 |
| 7.38%, 10/15/45 | &nbsp;&nbsp; 307 | 362982 |
| Series B, 7.50%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 665 | 795471 |
| Enbridge, Inc. |  |  |
| 2.50%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 2135 | 1862485 |
| 3.13%, 11/15/29 | &nbsp;&nbsp; 1940 | 1875986 |
| 3.40%, 08/01/51 | &nbsp;&nbsp; 1810 | 1261401 |
| 3.70%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1590 | 1586572 |
| 4.00%, 11/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1220 | 955997 |
| 4.20%, 11/20/28<sup>(a)</sup> | &nbsp;&nbsp; 825 | 830069 |
| 4.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2105 | 2126113 |
| 4.50%, 06/10/44 | &nbsp;&nbsp; 1159 | 1005660 |
| 4.60%, 06/20/28 | &nbsp;&nbsp; 1550 | 1570825 |
| 4.90%, 06/20/30 | &nbsp;&nbsp; 1520 | 1565844 |
| 5.20%, 11/20/35 | &nbsp;&nbsp; 1340 | 1366311 |
| 5.25%, 04/05/27 | &nbsp;&nbsp; 800 | 810682 |
| 5.30%, 04/05/29 | &nbsp;&nbsp; 2145 | 2223221 |
| 5.50%, 12/01/46<sup>(a)</sup> | &nbsp;&nbsp; 1546 | 1527552 |
| 5.50%, 07/15/77, (3-mo. CME Term SOFR + <br> 3.68%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1575 | 1581813 |
| 5.55%, 06/20/35 | &nbsp;&nbsp; 1760 | 1845473 |
| 5.63%, 04/05/34 | &nbsp;&nbsp; 2370 | 2508745 |
| 5.70%, 03/08/33 | &nbsp;&nbsp; 6045 | 6424813 |
| 5.95%, 04/05/54<sup>(a)</sup> | &nbsp;&nbsp; 1980 | 2041723 |
| 6.00%, 11/15/28 | &nbsp;&nbsp; 1420 | 1495919 |
| 6.20%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1725 | 1867331 |
| 6.25%, 03/01/78, (3-mo. CME Term SOFR + <br> 3.90%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 1416 | 1442801 |
| 6.70%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 2240 | 2518998 |
| 7.20%, 06/27/54, (5-year CMT + 2.97%)<sup>(d)</sup> | &nbsp;&nbsp; 1370 | 1476431 |
| 7.38%, 03/15/55, (5-year CMT + 3.12%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 345 | 368047 |
| 7.38%, 01/15/83, (5-year CMT + 3.71%)<sup>(d)</sup> | &nbsp;&nbsp; 1510 | 1562809 |
| 7.63%, 01/15/83, (5-year CMT + 4.42%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 435 | 477972 |
| 8.25%, 01/15/84, (5-year CMT + 3.79%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1060 | 1141824 |
| 8.50%, 01/15/84, (5-year CMT + 4.43%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1910 | 2204367 |
| Series 20-A, 5.75%, 07/15/80, (5-year CMT + <br> 5.31%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1523 | 1550050 |
| Energy Transfer LP |  |  |
| 3.75%, 05/15/30 | &nbsp;&nbsp; 2785 | 2739591 |
| 4.00%, 10/01/27 | &nbsp;&nbsp; 397 | 397446 |
| 4.15%, 09/15/29 | &nbsp;&nbsp; 1448 | 1452064 |
| 4.20%, 04/15/27<sup>(a)</sup> | &nbsp;&nbsp; 927 | 929430 |
| 4.40%, 03/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1192 | 1195743 |
| 4.55%, 01/15/31 | &nbsp;&nbsp; 590 | 595654 |
| 4.90%, 03/15/35 | &nbsp;&nbsp; 1788 | 1784318 |
| 4.95%, 05/15/28 | &nbsp;&nbsp; 1532 | 1560488 |
| 4.95%, 06/15/28 | &nbsp;&nbsp; 1765 | 1800267 |
| 4.95%, 01/15/43<sup>(a)</sup> | &nbsp;&nbsp; 594 | 540355 |
| 5.00%, 05/15/44 | &nbsp;&nbsp; 1220 | 1090234 |
| 5.00%, 05/15/50 | &nbsp;&nbsp; 3465 | 2961591 |
| 5.15%, 02/01/43<sup>(a)</sup> | &nbsp;&nbsp; 728 | 668150 |
| 5.15%, 03/15/45 | &nbsp;&nbsp; 2020 | 1826840 |
| 5.20%, 04/01/30 | &nbsp;&nbsp; 425 | 441970 |
| 5.25%, 04/15/29 | &nbsp;&nbsp; 2470 | 2551047 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.25%, 07/01/29 | &nbsp;&nbsp; $1035 | $1073196 |
| 5.30%, 04/01/44 | &nbsp;&nbsp; 2103 | 1962117 |
| 5.30%, 04/15/47 | &nbsp;&nbsp; 1283 | 1172479 |
| 5.35%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 270 | 274508 |
| 5.35%, 05/15/45 | &nbsp;&nbsp; 1346 | 1242954 |
| 5.40%, 10/01/47<sup>(a)</sup> | &nbsp;&nbsp; 2621 | 2418568 |
| 5.50%, 06/01/27 | &nbsp;&nbsp; 1393 | 1414062 |
| 5.55%, 02/15/28 | &nbsp;&nbsp; 2179 | 2242989 |
| 5.55%, 05/15/34 | &nbsp;&nbsp; 1475 | 1534645 |
| 5.60%, 09/01/34 | &nbsp;&nbsp; 2595 | 2711272 |
| 5.70%, 04/01/35 | &nbsp;&nbsp; 1994 | 2094730 |
| 5.75%, 02/15/33 | &nbsp;&nbsp; 3235 | 3438149 |
| 5.95%, 10/01/43 | &nbsp;&nbsp; 712 | 717533 |
| 5.95%, 05/15/54 | &nbsp;&nbsp; 3268 | 3154976 |
| 6.00%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 1525 | 1540764 |
| 6.00%, 06/15/48 | &nbsp;&nbsp; 1675 | 1652058 |
| 6.05%, 06/01/41 | &nbsp;&nbsp; 832 | 858123 |
| 6.05%, 09/01/54 | &nbsp;&nbsp; 2310 | 2258815 |
| 6.10%, 12/01/28 | &nbsp;&nbsp; 895 | 942061 |
| 6.10%, 02/15/42 | &nbsp;&nbsp; 642 | 657442 |
| 6.13%, 12/15/45 | &nbsp;&nbsp; 2280 | 2304779 |
| 6.20%, 04/01/55 | &nbsp;&nbsp; 2385 | 2384537 |
| 6.25%, 04/15/49 | &nbsp;&nbsp; 3996 | 4040051 |
| 6.30%, 01/15/56<sup>(a)</sup> | &nbsp;&nbsp; 930 | 941119 |
| 6.40%, 12/01/30 | &nbsp;&nbsp; 1870 | 2036553 |
| 6.50%, 02/01/42<sup>(a)</sup> | &nbsp;&nbsp; 1490 | 1594419 |
| 6.55%, 12/01/33 | &nbsp;&nbsp; 2555 | 2829701 |
| 6.63%, 10/15/36<sup>(a)</sup> | &nbsp;&nbsp; 920 | 1027374 |
| 6.85%, 02/15/40 | &nbsp;&nbsp; 810 | 882481 |
| 7.38%, 02/01/31<sup>(b)</sup> | &nbsp;&nbsp; 1333 | 1383676 |
| 7.50%, 07/01/38 | &nbsp;&nbsp; 925 | 1088672 |
| 8.25%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 994 | 1123748 |
| Series 20Y, 5.80%, 06/15/38<sup>(a)</sup> | &nbsp;&nbsp; 1005 | 1044210 |
| Enterprise Products Operating LLC |  |  |
| 2.80%, 01/31/30 | &nbsp;&nbsp; 2243 | 2149425 |
| 3.13%, 07/31/29 | &nbsp;&nbsp; 2554 | 2494881 |
| 3.20%, 02/15/52 | &nbsp;&nbsp; 1899 | 1277816 |
| 3.30%, 02/15/53 | &nbsp;&nbsp; 1952 | 1331017 |
| 3.70%, 01/31/51 | &nbsp;&nbsp; 1751 | 1310488 |
| 3.95%, 01/31/60 | &nbsp;&nbsp; 2301 | 1714250 |
| 4.15%, 10/16/28<sup>(a)</sup> | &nbsp;&nbsp; 1777 | 1793374 |
| 4.20%, 01/31/50 | &nbsp;&nbsp; 1999 | 1642110 |
| 4.25%, 02/15/48 | &nbsp;&nbsp; 2377 | 1981590 |
| 4.30%, 06/20/28 | &nbsp;&nbsp; 2270 | 2294244 |
| 4.45%, 02/15/43 | &nbsp;&nbsp; 2259 | 2021259 |
| 4.60%, 01/15/31 | &nbsp;&nbsp; 2520 | 2576473 |
| 4.80%, 02/01/49 | &nbsp;&nbsp; 1225 | 1101504 |
| 4.85%, 01/31/34<sup>(a)</sup> | &nbsp;&nbsp; 1470 | 1503276 |
| 4.85%, 08/15/42 | &nbsp;&nbsp; 1555 | 1467004 |
| 4.85%, 03/15/44 | &nbsp;&nbsp; 2741 | 2557420 |
| 4.90%, 05/15/46 | &nbsp;&nbsp; 2115 | 1956952 |
| 4.95%, 02/15/35 | &nbsp;&nbsp; 1935 | 1982092 |
| 4.95%, 10/15/54 | &nbsp;&nbsp; 902 | 815422 |
| 5.10%, 02/15/45 | &nbsp;&nbsp; 2326 | 2226759 |
| 5.20%, 01/15/36 | &nbsp;&nbsp; 2240 | 2309345 |
| 5.35%, 01/31/33 | &nbsp;&nbsp; 1480 | 1564426 |
| 5.38%, 02/15/78, (3-mo. CME Term SOFR + <br> 2.83%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1133 | 1136178 |
| 5.55%, 02/16/55<sup>(a)</sup> | &nbsp;&nbsp; 2325 | 2300902 |
| 5.70%, 02/15/42 | &nbsp;&nbsp; 1187 | 1231977 |
| 5.95%, 02/01/41 | &nbsp;&nbsp; 1290 | 1380110 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 6.13%, 10/15/39 | &nbsp;&nbsp; $1392 | $1525944 |
| 6.45%, 09/01/40 | &nbsp;&nbsp; 1400 | 1573019 |
| 7.55%, 04/15/38 | &nbsp;&nbsp; 815 | 996123 |
| Series D, 6.88%, 03/01/33 | &nbsp;&nbsp; 1212 | 1391882 |
| Series E, 5.25%, 08/16/77, (3-mo. CME Term <br> SOFR + 3.29%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1241 | 1241993 |
| Series H, 6.65%, 10/15/34 | &nbsp;&nbsp; 905 | 1030250 |
| Series J, 5.75%, 03/01/35 | &nbsp;&nbsp; 650 | 691430 |
| Fermaca Enterprises S de RL de CV, 6.38%, <br> 03/30/38<sup>(b)</sup><br>| &nbsp;&nbsp; 426 | 436483 |
| Flex Intermediate Holdco LLC |  |  |
| 3.36%, 06/30/31<sup>(b)</sup> | &nbsp;&nbsp; 1505 | 1401795 |
| 4.32%, 12/30/39<sup>(b)</sup> | &nbsp;&nbsp; 880 | 752276 |
| FLNG Liquefaction 2 LLC, 4.13%, 03/31/38<sup>(a)(b)</sup> | &nbsp;&nbsp; 1636 | 1580690 |
| Florida Gas Transmission Co. LLC |  |  |
| 2.30%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 1165 | 1048819 |
| 2.55%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp; 1020 | 956099 |
| 5.75%, 07/15/35<sup>(b)</sup> | &nbsp;&nbsp; 760 | 801588 |
| Galaxy Pipeline Assets Bidco Ltd. |  |  |
| 1.75%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp; 128 | 125338 |
| 2.16%, 03/31/34<sup>(b)</sup> | &nbsp;&nbsp; 2195 | 2002621 |
| 2.63%, 03/31/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 3035 | 2699075 |
| 2.94%, 09/30/40<sup>(b)</sup> | &nbsp;&nbsp; 3089 | 2647537 |
| 3.25%, 09/30/40<sup>(b)</sup> | &nbsp;&nbsp; 2615 | 2143627 |
| GNL Quintero SA, 4.63%, 07/31/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 404 | 405872 |
| Gray Oak Pipeline LLC, 3.45%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp; 830 | 821032 |
| Greensaif Pipelines Bidco SARL |  |  |
| 5.85%, 02/23/36<sup>(b)</sup> | &nbsp;&nbsp; 2000 | 2097502 |
| 6.10%, 08/23/42<sup>(b)</sup> | &nbsp;&nbsp; 2000 | 2094124 |
| 6.13%, 02/23/38<sup>(b)</sup> | &nbsp;&nbsp; 1255 | 1336374 |
| 6.51%, 02/23/42<sup>(b)</sup> | &nbsp;&nbsp; 2290 | 2511468 |
| Gulfstream Natural Gas System LLC |  |  |
| 5.60%, 07/23/35<sup>(b)</sup> | &nbsp;&nbsp; 1080 | 1124995 |
| 5.95%, 10/15/45<sup>(b)</sup> | &nbsp;&nbsp; 509 | 528696 |
| Kinder Morgan Energy Partners LP |  |  |
| 4.70%, 11/01/42 | &nbsp;&nbsp; 1239 | 1127455 |
| 5.00%, 08/15/42 | &nbsp;&nbsp; 1153 | 1087271 |
| 5.00%, 03/01/43 | &nbsp;&nbsp; 1280 | 1193373 |
| 5.40%, 09/01/44 | &nbsp;&nbsp; 970 | 937022 |
| 5.50%, 03/01/44 | &nbsp;&nbsp; 1273 | 1248325 |
| 5.63%, 09/01/41 | &nbsp;&nbsp; 639 | 642812 |
| 5.80%, 03/15/35 | &nbsp;&nbsp; 1310 | 1398077 |
| 6.38%, 03/01/41 | &nbsp;&nbsp; 935 | 1018422 |
| 6.50%, 02/01/37 | &nbsp;&nbsp; 723 | 808642 |
| 6.50%, 09/01/39 | &nbsp;&nbsp; 1162 | 1287274 |
| 6.55%, 09/15/40 | &nbsp;&nbsp; 754 | 837301 |
| 6.95%, 01/15/38 | &nbsp;&nbsp; 2200 | 2534646 |
| 7.30%, 08/15/33 | &nbsp;&nbsp; 1030 | 1199717 |
| 7.40%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 729 | 832871 |
| 7.50%, 11/15/40 | &nbsp;&nbsp; 926 | 1123101 |
| 7.75%, 03/15/32 | &nbsp;&nbsp; 677 | 793228 |
| Kinder Morgan, Inc. |  |  |
| 2.00%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1385 | 1254790 |
| 3.25%, 08/01/50 | &nbsp;&nbsp; 1357 | 914260 |
| 3.60%, 02/15/51 | &nbsp;&nbsp; 1942 | 1394175 |
| 4.30%, 03/01/28 | &nbsp;&nbsp; 2772 | 2793939 |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 1843 | 1876117 |
| 5.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1580 | 1627673 |
| 5.05%, 02/15/46 | &nbsp;&nbsp; 1327 | 1221913 |
| 5.10%, 08/01/29 | &nbsp;&nbsp; 1020 | 1056619 |
| 5.15%, 06/01/30 | &nbsp;&nbsp; 1550 | 1613131 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.20%, 06/01/33 | &nbsp;&nbsp; $2775 | $2895755 |
| 5.20%, 03/01/48 | &nbsp;&nbsp; 1626 | 1521117 |
| 5.30%, 12/01/34 | &nbsp;&nbsp; 1517 | 1573795 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 2085 | 2189468 |
| 5.45%, 08/01/52 | &nbsp;&nbsp; 1310 | 1242985 |
| 5.55%, 06/01/45 | &nbsp;&nbsp; 2663 | 2633000 |
| 5.85%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 605 | 650419 |
| 5.95%, 08/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1725 | 1762321 |
| 7.75%, 01/15/32 | &nbsp;&nbsp; 1736 | 2040748 |
| 7.80%, 08/01/31 | &nbsp;&nbsp; 893 | 1045030 |
| Midwest Connector Capital Co. LLC, 4.63%, <br> 04/01/29<sup>(b)</sup><br>| &nbsp;&nbsp; 810 | 816125 |
| MPLX LP |  |  |
| 2.65%, 08/15/30 | &nbsp;&nbsp; 2935 | 2750276 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 2317 | 2319759 |
| 4.13%, 03/01/27 | &nbsp;&nbsp; 1932 | 1933151 |
| 4.25%, 12/01/27 | &nbsp;&nbsp; 1452 | 1458470 |
| 4.50%, 04/15/38 | &nbsp;&nbsp; 3057 | 2836471 |
| 4.70%, 04/15/48 | &nbsp;&nbsp; 2841 | 2396283 |
| 4.80%, 02/15/29 | &nbsp;&nbsp; 896 | 913330 |
| 4.80%, 02/15/31 | &nbsp;&nbsp; 1995 | 2036628 |
| 4.90%, 04/15/58 | &nbsp;&nbsp; 1238 | 1022830 |
| 4.95%, 09/01/32 | &nbsp;&nbsp; 2004 | 2040247 |
| 4.95%, 03/14/52 | &nbsp;&nbsp; 2178 | 1870251 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 2220 | 2256091 |
| 5.00%, 03/01/33 | &nbsp;&nbsp; 2720 | 2764790 |
| 5.20%, 03/01/47<sup>(a)</sup> | &nbsp;&nbsp; 1946 | 1773622 |
| 5.20%, 12/01/47 | &nbsp;&nbsp; 746 | 676598 |
| 5.30%, 04/01/36 | &nbsp;&nbsp; 1125 | 1135132 |
| 5.40%, 04/01/35 | &nbsp;&nbsp; 1811 | 1853725 |
| 5.40%, 09/15/35 | &nbsp;&nbsp; 2180 | 2226216 |
| 5.50%, 06/01/34 | &nbsp;&nbsp; 3297 | 3417570 |
| 5.50%, 02/15/49<sup>(a)</sup> | &nbsp;&nbsp; 3220 | 3014264 |
| 5.65%, 03/01/53 | &nbsp;&nbsp; 1335 | 1260271 |
| 5.95%, 04/01/55<sup>(a)</sup> | &nbsp;&nbsp; 1780 | 1747520 |
| 6.10%, 04/01/56 | &nbsp;&nbsp; 935 | 934162 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 1740 | 1767841 |
| NGPL PipeCo LLC |  |  |
| 3.25%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1385 | 1298993 |
| 4.88%, 08/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 696 | 700848 |
| 7.77%, 12/15/37<sup>(a)(b)</sup> | &nbsp;&nbsp; 742 | 885488 |
| Northern Natural Gas Co. |  |  |
| 3.40%, 10/16/51<sup>(b)</sup> | &nbsp;&nbsp; 1375 | 952937 |
| 4.10%, 09/15/42<sup>(b)</sup> | &nbsp;&nbsp; 425 | 353469 |
| 4.30%, 01/15/49<sup>(b)</sup> | &nbsp;&nbsp; 1610 | 1338906 |
| 5.63%, 02/01/54<sup>(b)</sup> | &nbsp;&nbsp; 1130 | 1114469 |
| Northwest Pipeline LLC, 4.00%, 04/01/27 | &nbsp;&nbsp; 760 | 760283 |
| ONEOK Partners LP |  |  |
| 6.13%, 02/01/41<sup>(a)</sup> | &nbsp;&nbsp; 1144 | 1201784 |
| 6.20%, 09/15/43 | &nbsp;&nbsp; 775 | 801830 |
| 6.65%, 10/01/36<sup>(a)</sup> | &nbsp;&nbsp; 1209 | 1343953 |
| 6.85%, 10/15/37 | &nbsp;&nbsp; 1125 | 1263024 |
| ONEOK, Inc. |  |  |
| 3.10%, 03/15/30 | &nbsp;&nbsp; 1590 | 1523811 |
| 3.25%, 06/01/30 | &nbsp;&nbsp; 1190 | 1142963 |
| 3.40%, 09/01/29 | &nbsp;&nbsp; 1211 | 1184157 |
| 3.95%, 03/01/50 | &nbsp;&nbsp; 1730 | 1275737 |
| 4.00%, 07/13/27 | &nbsp;&nbsp; 955 | 955749 |
| 4.20%, 12/01/42 | &nbsp;&nbsp; 311 | 253751 |
| 4.20%, 03/15/45 | &nbsp;&nbsp; 385 | 303995 |
| 4.20%, 10/03/47 | &nbsp;&nbsp; 1140 | 895379 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 4.25%, 09/24/27 | &nbsp;&nbsp; $390 | $391866 |
| 4.25%, 09/15/46 | &nbsp;&nbsp; 1195 | 952379 |
| 4.35%, 03/15/29 | &nbsp;&nbsp; 1514 | 1524302 |
| 4.40%, 10/15/29 | &nbsp;&nbsp; 1055 | 1063908 |
| 4.45%, 09/01/49<sup>(a)</sup> | &nbsp;&nbsp; 490 | 404343 |
| 4.50%, 03/15/50 | &nbsp;&nbsp; 785 | 648008 |
| 4.55%, 07/15/28 | &nbsp;&nbsp; 1134 | 1146346 |
| 4.75%, 10/15/31 | &nbsp;&nbsp; 1915 | 1942484 |
| 4.85%, 02/01/49 | &nbsp;&nbsp; 895 | 766946 |
| 4.95%, 10/15/32 | &nbsp;&nbsp; 1200 | 1220861 |
| 4.95%, 07/13/47 | &nbsp;&nbsp; 254 | 225398 |
| 5.05%, 11/01/34 | &nbsp;&nbsp; 3330 | 3342142 |
| 5.05%, 04/01/45 | &nbsp;&nbsp; 460 | 411163 |
| 5.15%, 10/15/43 | &nbsp;&nbsp; 971 | 896375 |
| 5.20%, 07/15/48 | &nbsp;&nbsp; 1779 | 1622042 |
| 5.38%, 06/01/29 | &nbsp;&nbsp; 925 | 958156 |
| 5.40%, 10/15/35 | &nbsp;&nbsp; 1590 | 1623353 |
| 5.45%, 06/01/47<sup>(a)</sup> | &nbsp;&nbsp; 925 | 873480 |
| 5.60%, 04/01/44 | &nbsp;&nbsp; 765 | 734496 |
| 5.63%, 01/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2015 | 2057709 |
| 5.65%, 11/01/28 | &nbsp;&nbsp; 1639 | 1705301 |
| 5.65%, 09/01/34 | &nbsp;&nbsp; 1480 | 1546621 |
| 5.70%, 11/01/54 | &nbsp;&nbsp; 2835 | 2671250 |
| 5.80%, 11/01/30<sup>(a)</sup> | &nbsp;&nbsp; 460 | 487602 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 1440 | 1366352 |
| 6.00%, 06/15/35 | &nbsp;&nbsp; 1055 | 1123675 |
| 6.05%, 09/01/33 | &nbsp;&nbsp; 2400 | 2576949 |
| 6.10%, 11/15/32 | &nbsp;&nbsp; 1520 | 1640771 |
| 6.25%, 10/15/55<sup>(a)</sup> | &nbsp;&nbsp; 2010 | 2036932 |
| 6.35%, 01/15/31 | &nbsp;&nbsp; 1551 | 1680316 |
| 6.40%, 05/01/37<sup>(a)</sup> | &nbsp;&nbsp; 1495 | 1617896 |
| 6.50%, 09/01/30<sup>(b)</sup> | &nbsp;&nbsp; 2050 | 2212850 |
| 6.63%, 09/01/53 | &nbsp;&nbsp; 2965 | 3142458 |
| 7.15%, 01/15/51 | &nbsp;&nbsp; 789 | 887344 |
| Pipeline Funding Co. LLC, 7.50%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 512 | 526365 |
| Plains All American Pipeline LP, 5.95%, <br> 06/15/35<br>| &nbsp;&nbsp; 1830 | 1933448 |
| Plains All American Pipeline LP/PAA <br> Finance Corp.<br>|  |  |
| 3.55%, 12/15/29 | &nbsp;&nbsp; 1407 | 1379809 |
| 3.80%, 09/15/30 | &nbsp;&nbsp; 1880 | 1844752 |
| 4.30%, 01/31/43 | &nbsp;&nbsp; 779 | 656147 |
| 4.70%, 01/15/31 | &nbsp;&nbsp; 1125 | 1142656 |
| 4.70%, 06/15/44<sup>(a)</sup> | &nbsp;&nbsp; 1519 | 1326443 |
| 4.90%, 02/15/45 | &nbsp;&nbsp; 1164 | 1039131 |
| 5.15%, 06/01/42<sup>(a)</sup> | &nbsp;&nbsp; 977 | 911976 |
| 5.60%, 01/15/36 | &nbsp;&nbsp; 1010 | 1035431 |
| 5.70%, 09/15/34 | &nbsp;&nbsp; 1565 | 1634463 |
| 6.65%, 01/15/37 | &nbsp;&nbsp; 1035 | 1144510 |
| QazaqGaz NC JSC, 4.38%, 09/26/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 590 | 588659 |
| Sabal Trail Transmission LLC |  |  |
| 4.25%, 05/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1185 | 1183563 |
| 4.68%, 05/01/38<sup>(b)</sup> | &nbsp;&nbsp; 982 | 947534 |
| 4.83%, 05/01/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 730 | 645628 |
| Sabine Pass Liquefaction LLC |  |  |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 2746 | 2757130 |
| 4.50%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3356 | 3393434 |
| 5.00%, 03/15/27 | &nbsp;&nbsp; 2190 | 2200284 |
| 5.90%, 09/15/37 | &nbsp;&nbsp; 827 | 879710 |
| Sempra Infrastructure Partners LP, 3.25%, <br> 01/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 692 | 624020 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| South Bow USA Infrastructure Holdings LLC |  |  |
| 4.91%, 09/01/27 | &nbsp;&nbsp; $545 | $550887 |
| 5.03%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 930 | 950928 |
| 5.58%, 10/01/34 | &nbsp;&nbsp; 2250 | 2291788 |
| 6.18%, 10/01/54 | &nbsp;&nbsp; 1365 | 1337510 |
| Southern Natural Gas Co. LLC |  |  |
| 4.80%, 03/15/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 1173 | 1049131 |
| 5.45%, 08/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 260 | 270026 |
| 8.00%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 557 | 650391 |
| Spectra Energy Partners LP |  |  |
| 4.50%, 03/15/45 | &nbsp;&nbsp; 1314 | 1138868 |
| 5.95%, 09/25/43 | &nbsp;&nbsp; 788 | 814927 |
| Targa Resources Corp. |  |  |
| 4.20%, 02/01/33 | &nbsp;&nbsp; 575 | 558408 |
| 4.35%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1260 | 1270259 |
| 4.35%, 04/15/31 | &nbsp;&nbsp; 535 | 535043 |
| 4.90%, 09/15/30 | &nbsp;&nbsp; 1670 | 1714981 |
| 4.95%, 04/15/52 | &nbsp;&nbsp; 1590 | 1377944 |
| 5.20%, 07/01/27 | &nbsp;&nbsp; 1445 | 1468188 |
| 5.40%, 07/30/36 | &nbsp;&nbsp; 1810 | 1843414 |
| 5.50%, 02/15/35 | &nbsp;&nbsp; 1915 | 1981586 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 1835 | 1901566 |
| 5.65%, 02/15/36 | &nbsp;&nbsp; 1470 | 1528465 |
| 6.05%, 05/15/56 | &nbsp;&nbsp; 350 | 349257 |
| 6.13%, 03/15/33 | &nbsp;&nbsp; 1910 | 2066510 |
| 6.13%, 05/15/55 | &nbsp;&nbsp; 1775 | 1795181 |
| 6.15%, 03/01/29 | &nbsp;&nbsp; 1550 | 1639977 |
| 6.25%, 07/01/52<sup>(a)</sup> | &nbsp;&nbsp; 1323 | 1355799 |
| 6.50%, 03/30/34 | &nbsp;&nbsp; 2075 | 2298325 |
| 6.50%, 02/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1530 | 1623228 |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp.<br>|  |  |
| 4.00%, 01/15/32 | &nbsp;&nbsp; 1627 | 1578581 |
| 4.88%, 02/01/31 | &nbsp;&nbsp; 2241 | 2269670 |
| 5.00%, 01/15/28 | &nbsp;&nbsp; 1338 | 1338752 |
| 5.50%, 03/01/30 | &nbsp;&nbsp; 2394 | 2437251 |
| TC PipeLines LP, 3.90%, 05/25/27 | &nbsp;&nbsp; 1056 | 1053939 |
| Tennessee Gas Pipeline Co. LLC |  |  |
| 2.90%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp; 2106 | 2013484 |
| 7.00%, 03/15/27 | &nbsp;&nbsp; 525 | 541757 |
| 7.00%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1753 | 1885702 |
| 7.63%, 04/01/37 | &nbsp;&nbsp; 655 | 791919 |
| Texas Eastern Transmission LP |  |  |
| 3.50%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1010 | 1000851 |
| 4.15%, 01/15/48<sup>(b)</sup> | &nbsp;&nbsp; 830 | 675181 |
| 7.00%, 07/15/32 | &nbsp;&nbsp; 755 | 858923 |
| TMS Issuer SARL, 5.78%, 08/23/32<sup>(b)</sup> | &nbsp;&nbsp; 1260 | 1312514 |
| TransCanada PipeLines Ltd. |  |  |
| 2.50%, 10/12/31<sup>(a)</sup> | &nbsp;&nbsp; 495 | 447447 |
| 4.10%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3346 | 3340499 |
| 4.25%, 05/15/28 | &nbsp;&nbsp; 2870 | 2886649 |
| 4.63%, 03/01/34 | &nbsp;&nbsp; 2145 | 2132810 |
| 4.88%, 05/15/48<sup>(a)</sup> | &nbsp;&nbsp; 420 | 379698 |
| 5.00%, 10/16/43 | &nbsp;&nbsp; 750 | 719938 |
| 5.10%, 03/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1370 | 1309379 |
| 5.60%, 03/31/34 | &nbsp;&nbsp; 690 | 731735 |
| 5.85%, 03/15/36 | &nbsp;&nbsp; 894 | 952837 |
| 6.10%, 06/01/40 | &nbsp;&nbsp; 1460 | 1573676 |
| 6.20%, 10/15/37<sup>(a)</sup> | &nbsp;&nbsp; 1915 | 2084029 |
| 7.00%, 06/01/65, (5-year CMT + 2.61%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 575 | 597980 |
| 7.25%, 08/15/38 | &nbsp;&nbsp; 1555 | 1821883 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 7.63%, 01/15/39 | &nbsp;&nbsp; $2195 | $2660914 |
| Transcanada Trust |  |  |
| 5.30%, 03/15/77<sup>(a)(d)</sup> | &nbsp;&nbsp; 2042 | 2049923 |
| 5.50%, 09/15/79, (1-day SOFR + 4.42%)<sup>(d)</sup> | &nbsp;&nbsp; 1934 | 1955003 |
| 5.60%, 03/07/82, (5-year CMT + 3.99%)<sup>(d)</sup> | &nbsp;&nbsp; 1240 | 1245916 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| 3.25%, 05/15/30 | &nbsp;&nbsp; 1201 | 1162096 |
| 3.95%, 05/15/50 | &nbsp;&nbsp; 865 | 680878 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 963 | 964873 |
| 4.45%, 08/01/42 | &nbsp;&nbsp; 796 | 712403 |
| 4.60%, 03/15/48 | &nbsp;&nbsp; 1166 | 1020292 |
| 5.10%, 03/15/36<sup>(b)</sup> | &nbsp;&nbsp; 645 | 657621 |
| 5.40%, 08/15/41 | &nbsp;&nbsp; 945 | 941810 |
| 5.75%, 03/15/56<sup>(b)</sup> | &nbsp;&nbsp; 400 | 402616 |
| Transportadora de Gas del Peru SA, 4.25%, <br> 04/30/28<sup>(b)</sup><br>| &nbsp;&nbsp; 153 | 152977 |
| Transportadora de Gas Internacional SA ESP, <br> 5.55%, 11/01/28<sup>(b)</sup><br>| &nbsp;&nbsp; 780 | 793987 |
| Valero Energy Partners LP, 4.50%, 03/15/28 | &nbsp;&nbsp; 944 | 953264 |
| Western Midstream Operating LP |  |  |
| 4.05%, 02/01/30 | &nbsp;&nbsp; 1690 | 1669452 |
| 4.50%, 03/01/28 | &nbsp;&nbsp; 1000 | 1007538 |
| 4.75%, 08/15/28 | &nbsp;&nbsp; 845 | 857405 |
| 4.80%, 03/01/31 | &nbsp;&nbsp; 1005 | 1013514 |
| 5.25%, 02/01/50 | &nbsp;&nbsp; 1720 | 1493790 |
| 5.30%, 03/01/48 | &nbsp;&nbsp; 1835 | 1620893 |
| 5.45%, 11/15/34 | &nbsp;&nbsp; 1735 | 1764971 |
| 5.45%, 04/01/44 | &nbsp;&nbsp; 1345 | 1239071 |
| 5.50%, 12/15/35 | &nbsp;&nbsp; 760 | 766552 |
| 5.50%, 08/15/48 | &nbsp;&nbsp; 735 | 663142 |
| 6.15%, 04/01/33 | &nbsp;&nbsp; 1065 | 1139636 |
| 6.35%, 01/15/29 | &nbsp;&nbsp; 1045 | 1104275 |
| Whistler Pipeline LLC |  |  |
| 5.40%, 09/30/29<sup>(b)</sup> | &nbsp;&nbsp; 395 | 410051 |
| 5.70%, 09/30/31<sup>(b)</sup> | &nbsp;&nbsp; 277 | 290592 |
| 5.95%, 09/30/34<sup>(b)</sup> | &nbsp;&nbsp; 1350 | 1417558 |
| Williams Companies, Inc.(The) |  |  |
| 2.60%, 03/15/31 | &nbsp;&nbsp; 2415 | 2234663 |
| 3.50%, 11/15/30 | &nbsp;&nbsp; 2107 | 2041611 |
| 3.50%, 10/15/51 | &nbsp;&nbsp; 1375 | 970344 |
| 3.75%, 06/15/27 | &nbsp;&nbsp; 2632 | 2626208 |
| 4.63%, 06/30/30 | &nbsp;&nbsp; 1430 | 1454651 |
| 4.65%, 08/15/32 | &nbsp;&nbsp; 2345 | 2373702 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 1145 | 1173582 |
| 4.85%, 03/01/48 | &nbsp;&nbsp; 1551 | 1373855 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 2250 | 2308465 |
| 4.90%, 01/15/45 | &nbsp;&nbsp; 1007 | 919067 |
| 5.10%, 09/15/45 | &nbsp;&nbsp; 2064 | 1931768 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 2230 | 2287881 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 2135 | 2160041 |
| 5.30%, 08/15/28 | &nbsp;&nbsp; 1790 | 1848100 |
| 5.30%, 09/30/35 | &nbsp;&nbsp; 2430 | 2495148 |
| 5.30%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1385 | 1294048 |
| 5.40%, 03/04/44 | &nbsp;&nbsp; 966 | 938398 |
| 5.60%, 03/15/35 | &nbsp;&nbsp; 1495 | 1571129 |
| 5.65%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2260 | 2391457 |
| 5.75%, 06/24/44 | &nbsp;&nbsp; 890 | 902255 |
| 5.80%, 11/15/43 | &nbsp;&nbsp; 780 | 787020 |
| 5.80%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1430 | 1422373 |
| 5.95%, 03/15/56 | &nbsp;&nbsp; 1755 | 1781666 |
| 6.00%, 03/15/55 | &nbsp;&nbsp; 880 | 902790 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 6.30%, 04/15/40 | &nbsp;&nbsp; $2047 | $2231775 |
| 7.75%, 06/15/31 | &nbsp;&nbsp; 512 | 588403 |
| 8.75%, 03/15/32 | &nbsp;&nbsp; 733 | 895893 |
| Series A, 7.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 737 | 842378 |
|  |  | 636484702 |
| **Private Equity — 0.1%** | **Private Equity — 0.1%** | **Private Equity — 0.1%** |
| Apollo Management Holdings LP |  |  |
| 2.65%, 06/05/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1199 | 1117870 |
| 4.87%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1405 | 1426405 |
| 5.00%, 03/15/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 725 | 645151 |
| Brookfield Finance, Inc., 5.81%, 03/03/55 | &nbsp;&nbsp; 1145 | 1117715 |
| Carlyle Finance LLC, 5.65%, 09/15/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 755 | 741745 |
| Carlyle Finance Subsidiary LLC, 3.50%, <br> 09/19/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1063 | 1036688 |
| Carlyle Group, Inc. (The), 5.05%, 09/19/35<sup>(a)</sup> | &nbsp;&nbsp; 840 | 829810 |
| Carlyle Holdings II Finance LLC, 5.63%, <br> 03/30/43<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1133 | 1114572 |
| EQT AB, 5.85%, 05/08/35<sup>(b)</sup> | &nbsp;&nbsp; 775 | 797521 |
| KKR & Co., Inc., 5.10%, 08/07/35<sup>(a)</sup> | &nbsp;&nbsp; 1095 | 1083669 |
| KKR Group Finance Co. III LLC, 5.13%, <br> 06/01/44<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1663 | 1529179 |
| KKR Group Finance Co. VI LLC, 3.75%, <br> 07/01/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1563 | 1538337 |
| KKR Group Finance Co. VII LLC, 3.63%, <br> 02/25/50<sup>(b)</sup><br>| &nbsp;&nbsp; 950 | 671400 |
| KKR Group Finance Co. VIII LLC, 3.50%, <br> 08/25/50<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1385 | 955958 |
| KKR Group Finance Co. X LLC, 3.25%, <br> 12/15/51<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1265 | 822664 |
|  |  | 15428684 |
| **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** |
| Aldar Properties PJSC, 5.88%, 04/14/56, <br> (5-year CMT + 2.02%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 70 | 69469 |
| Brookfield Corp., 7.38%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 355 | 401798 |
| CBRE Services, Inc. |  |  |
| 2.50%, 04/01/31 | &nbsp;&nbsp; 1327 | 1210689 |
| 4.80%, 06/15/30 | &nbsp;&nbsp; 895 | 912982 |
| 4.90%, 01/15/33 | &nbsp;&nbsp; 705 | 713871 |
| 5.50%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 825 | 856893 |
| 5.50%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 800 | 828924 |
| 5.95%, 08/15/34 | &nbsp;&nbsp; 1725 | 1844904 |
| Corp. Inmobiliaria Vesta SAB de CV |  |  |
| 3.63%, 05/13/31<sup>(b)</sup> | &nbsp;&nbsp; 465 | 431175 |
| 5.50%, 01/30/33<sup>(b)</sup> | &nbsp;&nbsp; 850 | 853145 |
| CoStar Group, Inc., 2.80%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1945 | 1787922 |
| Jones Lang LaSalle, Inc., 6.88%, 12/01/28 | &nbsp;&nbsp; 290 | 310080 |
| Mitsui Fudosan Co. Ltd. |  |  |
| 2.57%, 01/21/32<sup>(b)</sup> | &nbsp;&nbsp; 385 | 347702 |
| 3.65%, 07/20/27<sup>(b)</sup> | &nbsp;&nbsp; 150 | 149233 |
| 3.95%, 01/24/29<sup>(b)</sup> | &nbsp;&nbsp; 375 | 373535 |
| Ontario Teachers' Cadillac Fairview <br> Properties Trust<br>|  |  |
| 2.50%, 10/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1100 | 998617 |
| 3.88%, 03/20/27<sup>(b)</sup> | &nbsp;&nbsp; 760 | 759545 |
| 4.13%, 02/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1250 | 1252117 |
| Sinochem Overseas Capital Co. Ltd., 6.30%, <br> 11/12/40<sup>(b)</sup><br>| &nbsp;&nbsp; 65 | 75247 |
|  |  | 14177848 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts — 3.1%** | **Real Estate Investment Trusts — 3.1%** | **Real Estate Investment Trusts — 3.1%** |
| Agree LP |  |  |
| 2.00%, 06/15/28 | &nbsp;&nbsp; $790 | $757348 |
| 2.60%, 06/15/33 | &nbsp;&nbsp; 500 | 436244 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 695 | 657169 |
| 4.80%, 10/01/32 | &nbsp;&nbsp; 480 | 488861 |
| 5.60%, 06/15/35 | &nbsp;&nbsp; 640 | 675408 |
| 5.63%, 06/15/34 | &nbsp;&nbsp; 695 | 733523 |
| Alexandria Real Estate Equities, Inc. |  |  |
| 1.88%, 02/01/33 | &nbsp;&nbsp; 1496 | 1244894 |
| 2.00%, 05/18/32 | &nbsp;&nbsp; 1900 | 1632977 |
| 2.75%, 12/15/29 | &nbsp;&nbsp; 1065 | 1010569 |
| 2.95%, 03/15/34 | &nbsp;&nbsp; 1725 | 1501138 |
| 3.38%, 08/15/31 | &nbsp;&nbsp; 1507 | 1419114 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 815 | 585687 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 940 | 937840 |
| 4.00%, 02/01/50 | &nbsp;&nbsp; 1193 | 914003 |
| 4.50%, 07/30/29<sup>(a)</sup> | &nbsp;&nbsp; 239 | 240862 |
| 4.70%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 986 | 1001100 |
| 4.75%, 04/15/35 | &nbsp;&nbsp; 1278 | 1245329 |
| 4.85%, 04/15/49 | &nbsp;&nbsp; 713 | 622017 |
| 4.90%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1652 | 1685642 |
| 5.15%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1110 | 1007236 |
| 5.25%, 03/15/36 | &nbsp;&nbsp; 1350 | 1350850 |
| 5.25%, 05/15/36<sup>(a)</sup> | &nbsp;&nbsp; 575 | 577861 |
| 5.50%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1155 | 1188449 |
| 5.63%, 05/15/54<sup>(a)</sup> | &nbsp;&nbsp; 855 | 827137 |
| American Assets Trust LP |  |  |
| 3.38%, 02/01/31 | &nbsp;&nbsp; 1009 | 929151 |
| 6.15%, 10/01/34 | &nbsp;&nbsp; 860 | 881351 |
| American Homes 4 Rent LP |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 711 | 640901 |
| 3.38%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 605 | 408420 |
| 3.63%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1075 | 1020377 |
| 4.25%, 02/15/28 | &nbsp;&nbsp; 1115 | 1117208 |
| 4.30%, 04/15/52 | &nbsp;&nbsp; 615 | 487994 |
| 4.90%, 02/15/29 | &nbsp;&nbsp; 937 | 954551 |
| 4.95%, 06/15/30 | &nbsp;&nbsp; 1110 | 1132672 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 1005 | 1013746 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 1125 | 1161916 |
| 5.50%, 07/15/34 | &nbsp;&nbsp; 720 | 743419 |
| American Tower Corp. |  |  |
| 1.50%, 01/31/28 | &nbsp;&nbsp; 1326 | 1267550 |
| 1.88%, 10/15/30 | &nbsp;&nbsp; 1949 | 1759717 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 1793 | 1646300 |
| 2.30%, 09/15/31 | &nbsp;&nbsp; 811 | 729235 |
| 2.70%, 04/15/31 | &nbsp;&nbsp; 1709 | 1586908 |
| 2.90%, 01/15/30 | &nbsp;&nbsp; 1942 | 1855659 |
| 2.95%, 01/15/51 | &nbsp;&nbsp; 1593 | 1029261 |
| 3.10%, 06/15/50 | &nbsp;&nbsp; 930 | 624670 |
| 3.55%, 07/15/27 | &nbsp;&nbsp; 1072 | 1066592 |
| 3.60%, 01/15/28 | &nbsp;&nbsp; 2083 | 2067782 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 1115 | 1111174 |
| 3.70%, 10/15/49 | &nbsp;&nbsp; 1003 | 757014 |
| 3.80%, 08/15/29 | &nbsp;&nbsp; 2931 | 2907289 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 1497 | 1492193 |
| 4.05%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1335 | 1315756 |
| 4.70%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1020 | 1031736 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 1525 | 1567131 |
| 5.00%, 01/31/30 | &nbsp;&nbsp; 720 | 741491 |
| 5.20%, 02/15/29 | &nbsp;&nbsp; 780 | 805407 |
| 5.25%, 07/15/28 | &nbsp;&nbsp; 690 | 709911 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 5.35%, 03/15/35 | &nbsp;&nbsp; $1485 | $1541984 |
| 5.40%, 01/31/35<sup>(a)</sup> | &nbsp;&nbsp; 1065 | 1109114 |
| 5.45%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1060 | 1109621 |
| 5.50%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1403 | 1443315 |
| 5.55%, 07/15/33 | &nbsp;&nbsp; 1780 | 1879604 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 781 | 829963 |
| 5.80%, 11/15/28 | &nbsp;&nbsp; 1860 | 1943813 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 1185 | 1278672 |
| Americold Realty Operating Partnership LP |  |  |
| 5.41%, 09/12/34 | &nbsp;&nbsp; 805 | 797867 |
| 5.60%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 810 | 829832 |
| AvalonBay Communities, Inc. |  |  |
| 1.90%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1055 | 1002811 |
| 2.05%, 01/15/32 | &nbsp;&nbsp; 1225 | 1090503 |
| 2.30%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1685 | 1578673 |
| 2.45%, 01/15/31 | &nbsp;&nbsp; 740 | 685899 |
| 3.20%, 01/15/28 | &nbsp;&nbsp; 1311 | 1298244 |
| 3.30%, 06/01/29 | &nbsp;&nbsp; 723 | 709888 |
| 3.35%, 05/15/27 | &nbsp;&nbsp; 812 | 808058 |
| 3.90%, 10/15/46 | &nbsp;&nbsp; 582 | 475019 |
| 4.15%, 07/01/47<sup>(a)</sup> | &nbsp;&nbsp; 444 | 373720 |
| 4.35%, 12/01/30 | &nbsp;&nbsp; 1095 | 1105823 |
| 4.35%, 04/15/48 | &nbsp;&nbsp; 472 | 407971 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 644 | 666100 |
| 5.00%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 670 | 687209 |
| 5.30%, 12/07/33 | &nbsp;&nbsp; 855 | 900713 |
| 5.35%, 06/01/34 | &nbsp;&nbsp; 560 | 588765 |
| Boston Properties LP |  |  |
| 2.45%, 10/01/33 | &nbsp;&nbsp; 2092 | 1729400 |
| 2.55%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1916 | 1684221 |
| 2.90%, 03/15/30 | &nbsp;&nbsp; 1000 | 943642 |
| 3.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 1807 | 1702058 |
| 3.40%, 06/21/29 | &nbsp;&nbsp; 2030 | 1977053 |
| 4.50%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2559 | 2580524 |
| 5.75%, 01/15/35 | &nbsp;&nbsp; 885 | 901596 |
| 6.50%, 01/15/34 | &nbsp;&nbsp; 1965 | 2107065 |
| 6.75%, 12/01/27 | &nbsp;&nbsp; 2270 | 2368712 |
| Brixmor Operating Partnership LP |  |  |
| 2.25%, 04/01/28 | &nbsp;&nbsp; 770 | 743228 |
| 2.50%, 08/16/31<sup>(a)</sup> | &nbsp;&nbsp; 615 | 559111 |
| 3.90%, 03/15/27 | &nbsp;&nbsp; 847 | 845877 |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 1908 | 1890908 |
| 4.13%, 05/15/29 | &nbsp;&nbsp; 1363 | 1365331 |
| 4.85%, 02/15/33 | &nbsp;&nbsp; 255 | 257247 |
| 5.20%, 04/01/32 | &nbsp;&nbsp; 630 | 650696 |
| 5.50%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 565 | 588368 |
| 5.75%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 645 | 683740 |
| Broadstone Net Lease LLC |  |  |
| 2.60%, 09/15/31 | &nbsp;&nbsp; 655 | 587552 |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 500 | 505437 |
| Camden Property Trust |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 1487 | 1414073 |
| 3.15%, 07/01/29 | &nbsp;&nbsp; 1649 | 1605298 |
| 3.35%, 11/01/49 | &nbsp;&nbsp; 627 | 450258 |
| 4.10%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 960 | 965217 |
| 4.90%, 01/15/34 | &nbsp;&nbsp; 655 | 669804 |
| 4.90%, 02/28/36 | &nbsp;&nbsp; 700 | 700186 |
| CFE Fibra E, 5.88%, 09/23/40<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9859 |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/29 | &nbsp;&nbsp; 915 | 863817 |
| 2.75%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 835 | 771125 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 2.90%, 12/01/33 | &nbsp;&nbsp; $880 | $763419 |
| 4.50%, 10/15/30 | &nbsp;&nbsp; 600 | 602619 |
| Cousins Properties LP |  |  |
| 4.88%, 03/01/33 | &nbsp;&nbsp; 540 | 534796 |
| 5.25%, 07/15/30 | &nbsp;&nbsp; 845 | 873351 |
| 5.38%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 600 | 619425 |
| 5.88%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 755 | 790915 |
| Crown Castle, Inc. |  |  |
| 2.10%, 04/01/31 | &nbsp;&nbsp; 2237 | 1995647 |
| 2.25%, 01/15/31 | &nbsp;&nbsp; 2131 | 1926394 |
| 2.50%, 07/15/31 | &nbsp;&nbsp; 1494 | 1350333 |
| 2.90%, 03/15/27 | &nbsp;&nbsp; 1319 | 1304622 |
| 2.90%, 04/01/41 | &nbsp;&nbsp; 2150 | 1598969 |
| 3.10%, 11/15/29 | &nbsp;&nbsp; 1279 | 1228080 |
| 3.25%, 01/15/51 | &nbsp;&nbsp; 1907 | 1284143 |
| 3.30%, 07/01/30 | &nbsp;&nbsp; 1795 | 1719234 |
| 3.65%, 09/01/27 | &nbsp;&nbsp; 1565 | 1557249 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 2710 | 2698153 |
| 4.00%, 03/01/27 | &nbsp;&nbsp; 922 | 922006 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 462 | 355434 |
| 4.15%, 07/01/50 | &nbsp;&nbsp; 443 | 352179 |
| 4.30%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1573 | 1580986 |
| 4.75%, 05/15/47<sup>(a)</sup> | &nbsp;&nbsp; 1016 | 892325 |
| 4.80%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1420 | 1443560 |
| 4.90%, 09/01/29 | &nbsp;&nbsp; 600 | 611798 |
| 5.00%, 01/11/28 | &nbsp;&nbsp; 1932 | 1965774 |
| 5.10%, 05/01/33 | &nbsp;&nbsp; 1467 | 1495139 |
| 5.20%, 09/01/34 | &nbsp;&nbsp; 1320 | 1350089 |
| 5.20%, 02/15/49 | &nbsp;&nbsp; 403 | 369742 |
| 5.60%, 06/01/29 | &nbsp;&nbsp; 1859 | 1936544 |
| 5.80%, 03/01/34 | &nbsp;&nbsp; 1625 | 1721209 |
| CTR Partnership LP/CareTrust Capital Corp., <br> 3.88%, 06/30/28<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 24451 |
| CubeSmart LP |  |  |
| 2.00%, 02/15/31 | &nbsp;&nbsp; 760 | 679755 |
| 2.25%, 12/15/28 | &nbsp;&nbsp; 887 | 845391 |
| 2.50%, 02/15/32 | &nbsp;&nbsp; 1005 | 902383 |
| 3.00%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 946 | 906455 |
| 4.38%, 02/15/29 | &nbsp;&nbsp; 700 | 705358 |
| 5.13%, 11/01/35<sup>(a)</sup> | &nbsp;&nbsp; 495 | 504265 |
| Digital Realty Trust LP |  |  |
| 3.60%, 07/01/29 | &nbsp;&nbsp; 1687 | 1664926 |
| 3.70%, 08/15/27 | &nbsp;&nbsp; 1632 | 1625568 |
| 4.45%, 07/15/28 | &nbsp;&nbsp; 1190 | 1202275 |
| 5.55%, 01/15/28 | &nbsp;&nbsp; 1745 | 1795735 |
| DOC DR LLC |  |  |
| 2.63%, 11/01/31 | &nbsp;&nbsp; 746 | 678257 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 952 | 950847 |
| 4.30%, 03/15/27 | &nbsp;&nbsp; 553 | 554097 |
| EPR Properties |  |  |
| 3.60%, 11/15/31 | &nbsp;&nbsp; 455 | 426567 |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 555 | 541402 |
| 4.50%, 06/01/27 | &nbsp;&nbsp; 410 | 410722 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 500 | 501471 |
| 4.95%, 04/15/28 | &nbsp;&nbsp; 375 | 379388 |
| Equinix Asia Financing Corp. Pte Ltd., 4.40%, <br> 03/15/31<br>| &nbsp;&nbsp; 1535 | 1533849 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| 4.60%, 11/15/30 | &nbsp;&nbsp; 1325 | 1340781 |
| 4.70%, 03/15/33 | &nbsp;&nbsp; 2000 | 2007406 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 925 | 965288 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Equinix, Inc. |  |  |
| 1.55%, 03/15/28 | &nbsp;&nbsp; $1406 | $1340854 |
| 1.80%, 07/15/27 | &nbsp;&nbsp; 1165 | 1131616 |
| 2.00%, 05/15/28 | &nbsp;&nbsp; 985 | 944205 |
| 2.15%, 07/15/30 | &nbsp;&nbsp; 2643 | 2419246 |
| 2.50%, 05/15/31 | &nbsp;&nbsp; 2616 | 2387543 |
| 2.95%, 09/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1169 | 740544 |
| 3.00%, 07/15/50 | &nbsp;&nbsp; 1056 | 682881 |
| 3.20%, 11/18/29 | &nbsp;&nbsp; 2687 | 2597066 |
| 3.40%, 02/15/52 | &nbsp;&nbsp; 901 | 622401 |
| 3.90%, 04/15/32 | &nbsp;&nbsp; 2435 | 2358291 |
| ERP Operating LP |  |  |
| 1.85%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp; 850 | 758187 |
| 2.50%, 02/15/30 | &nbsp;&nbsp; 1295 | 1227771 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 1345 | 1306774 |
| 3.25%, 08/01/27 | &nbsp;&nbsp; 800 | 794353 |
| 3.50%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1177 | 1169184 |
| 4.00%, 08/01/47<sup>(a)</sup> | &nbsp;&nbsp; 395 | 323995 |
| 4.15%, 12/01/28 | &nbsp;&nbsp; 1028 | 1034803 |
| 4.50%, 07/01/44 | &nbsp;&nbsp; 1179 | 1074355 |
| 4.50%, 06/01/45 | &nbsp;&nbsp; 485 | 430183 |
| 4.65%, 09/15/34 | &nbsp;&nbsp; 1085 | 1087730 |
| 4.95%, 06/15/32 | &nbsp;&nbsp; 1165 | 1203195 |
| Essential Properties LP |  |  |
| 2.95%, 07/15/31 | &nbsp;&nbsp; 627 | 578714 |
| 5.40%, 12/01/35 | &nbsp;&nbsp; 505 | 514714 |
| Essex Portfolio LP |  |  |
| 1.65%, 01/15/31 | &nbsp;&nbsp; 660 | 582557 |
| 1.70%, 03/01/28 | &nbsp;&nbsp; 915 | 876609 |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 500 | 457841 |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 1358 | 1224850 |
| 2.65%, 09/01/50 | &nbsp;&nbsp; 485 | 293660 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 912 | 873679 |
| 3.63%, 05/01/27 | &nbsp;&nbsp; 656 | 654070 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 1156 | 1153730 |
| 4.50%, 03/15/48 | &nbsp;&nbsp; 770 | 660783 |
| 4.88%, 02/15/36 | &nbsp;&nbsp; 825 | 814538 |
| 5.38%, 04/01/35 | &nbsp;&nbsp; 860 | 889786 |
| 5.50%, 04/01/34 | &nbsp;&nbsp; 790 | 823978 |
| Extra Space Storage LP |  |  |
| 2.20%, 10/15/30 | &nbsp;&nbsp; 669 | 611561 |
| 2.35%, 03/15/32 | &nbsp;&nbsp; 1090 | 963114 |
| 2.40%, 10/15/31 | &nbsp;&nbsp; 955 | 856017 |
| 2.55%, 06/01/31 | &nbsp;&nbsp; 820 | 749165 |
| 3.88%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp; 888 | 887262 |
| 3.90%, 04/01/29 | &nbsp;&nbsp; 1555 | 1547123 |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 637 | 635010 |
| 4.95%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 380 | 386068 |
| 5.35%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1115 | 1147555 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 840 | 866504 |
| 5.40%, 06/15/35 | &nbsp;&nbsp; 890 | 919778 |
| 5.50%, 07/01/30 | &nbsp;&nbsp; 1575 | 1647775 |
| 5.70%, 04/01/28 | &nbsp;&nbsp; 1525 | 1575064 |
| 5.90%, 01/15/31 | &nbsp;&nbsp; 1010 | 1075892 |
| Federal Realty OP LP |  |  |
| 3.20%, 06/15/29 | &nbsp;&nbsp; 590 | 574357 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 925 | 916843 |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 1019 | 990418 |
| 3.63%, 08/01/46<sup>(a)</sup> | &nbsp;&nbsp; 444 | 330363 |
| 4.50%, 12/01/44 | &nbsp;&nbsp; 828 | 734653 |
| 5.38%, 05/01/28 | &nbsp;&nbsp; 565 | 580454 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| FIBRA Prologis |  |  |
| 5.50%, 11/26/35<sup>(b)</sup> | &nbsp;&nbsp; $70 | $70945 |
| 5.63%, 01/14/38<sup>(b)</sup> | &nbsp;&nbsp; 900 | 909801 |
| First Industrial LP, 5.25%, 01/15/31 | &nbsp;&nbsp; 455 | 467861 |
| Global Net Lease, Inc., 4.50%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34415 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 3.25%, 01/15/32 | &nbsp;&nbsp; 1490 | 1358971 |
| 4.00%, 01/15/30 | &nbsp;&nbsp; 1142 | 1115008 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 1673 | 1612337 |
| 5.25%, 02/15/33 | &nbsp;&nbsp; 440 | 443217 |
| 5.30%, 01/15/29 | &nbsp;&nbsp; 1245 | 1270889 |
| 5.63%, 09/15/34 | &nbsp;&nbsp; 1545 | 1573065 |
| 5.63%, 03/01/36 | &nbsp;&nbsp; 670 | 669923 |
| 5.75%, 06/01/28 | &nbsp;&nbsp; 1334 | 1367213 |
| 5.75%, 11/01/37 | &nbsp;&nbsp; 785 | 781730 |
| 6.25%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1275 | 1275129 |
| 6.75%, 12/01/33 | &nbsp;&nbsp; 675 | 734310 |
| Goodman U.S. Finance Five LLC, 4.63%, <br> 05/04/32<sup>(b)</sup><br>| &nbsp;&nbsp; 375 | 376387 |
| Goodman U.S. Finance Four LLC, 4.50%, <br> 10/15/37<sup>(b)</sup><br>| &nbsp;&nbsp; 425 | 402637 |
| Goodman U.S. Finance Six LLC, 5.13%, <br> 10/07/34<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1235 | 1257160 |
| Goodman U.S. Finance Three LLC, 3.70%, <br> 03/15/28<sup>(b)</sup><br>| &nbsp;&nbsp; 927 | 919976 |
| Healthcare Realty Holdings LP |  |  |
| 2.00%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1327 | 1176055 |
| 2.05%, 03/15/31 | &nbsp;&nbsp; 818 | 727224 |
| 2.40%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1035 | 959841 |
| 3.10%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1004 | 961572 |
| 3.63%, 01/15/28 | &nbsp;&nbsp; 676 | 670446 |
| 3.75%, 07/01/27 | &nbsp;&nbsp; 1021 | 1017445 |
| Healthpeak OP LLC |  |  |
| 2.13%, 12/01/28 | &nbsp;&nbsp; 1342 | 1276506 |
| 2.88%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1533 | 1435808 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 1816 | 1737448 |
| 3.50%, 07/15/29 | &nbsp;&nbsp; 875 | 857653 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 450 | 452265 |
| 5.25%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1280 | 1323411 |
| 5.38%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 905 | 933603 |
| 6.75%, 02/01/41 | &nbsp;&nbsp; 777 | 864326 |
| Highwoods Realty LP |  |  |
| 2.60%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 635 | 571193 |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 573 | 539040 |
| 3.88%, 03/01/27<sup>(a)</sup> | &nbsp;&nbsp; 250 | 248932 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 492 | 488837 |
| 4.20%, 04/15/29 | &nbsp;&nbsp; 559 | 553081 |
| 5.35%, 01/15/33 | &nbsp;&nbsp; 250 | 251500 |
| 7.65%, 02/01/34 | &nbsp;&nbsp; 155 | 176731 |
| Host Hotels & Resorts LP |  |  |
| 4.25%, 12/15/28 | &nbsp;&nbsp; 275 | 276208 |
| 5.50%, 04/15/35 | &nbsp;&nbsp; 1415 | 1443318 |
| 5.70%, 06/15/32 | &nbsp;&nbsp; 865 | 911246 |
| 5.70%, 07/01/34 | &nbsp;&nbsp; 1115 | 1162456 |
| Series H, 3.38%, 12/15/29 | &nbsp;&nbsp; 986 | 954712 |
| Series I, 3.50%, 09/15/30 | &nbsp;&nbsp; 2116 | 2026958 |
| Series J, 2.90%, 12/15/31 | &nbsp;&nbsp; 900 | 822050 |
| Invitation Homes Operating Partnership LP |  |  |
| 2.00%, 08/15/31 | &nbsp;&nbsp; 1306 | 1151020 |
| 2.30%, 11/15/28 | &nbsp;&nbsp; 1265 | 1204362 |
| 2.70%, 01/15/34 | &nbsp;&nbsp; 695 | 595357 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.15%, 04/15/32 | &nbsp;&nbsp; $940 | $914898 |
| 4.88%, 02/01/35 | &nbsp;&nbsp; 940 | 933083 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 790 | 795525 |
| 5.45%, 08/15/30 | &nbsp;&nbsp; 1310 | 1364776 |
| 5.50%, 08/15/33 | &nbsp;&nbsp; 670 | 692498 |
| Kilroy Realty LP |  |  |
| 2.50%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1233 | 1033774 |
| 2.65%, 11/15/33 | &nbsp;&nbsp; 1460 | 1196357 |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 1042 | 970887 |
| 4.25%, 08/15/29 | &nbsp;&nbsp; 770 | 756043 |
| 4.75%, 12/15/28 | &nbsp;&nbsp; 1005 | 1010432 |
| 5.88%, 10/15/35 | &nbsp;&nbsp; 465 | 458396 |
| 6.25%, 01/15/36 | &nbsp;&nbsp; 655 | 668616 |
| Kimco Realty OP LLC |  |  |
| 1.90%, 03/01/28 | &nbsp;&nbsp; 958 | 923333 |
| 2.25%, 12/01/31 | &nbsp;&nbsp; 785 | 707084 |
| 2.70%, 10/01/30 | &nbsp;&nbsp; 1121 | 1062362 |
| 3.20%, 04/01/32 | &nbsp;&nbsp; 465 | 436842 |
| 3.70%, 10/01/49 | &nbsp;&nbsp; 556 | 422775 |
| 3.80%, 04/01/27 | &nbsp;&nbsp; 720 | 720243 |
| 4.13%, 12/01/46 | &nbsp;&nbsp; 698 | 591904 |
| 4.25%, 04/01/45 | &nbsp;&nbsp; 864 | 742307 |
| 4.45%, 09/01/47 | &nbsp;&nbsp; 570 | 497638 |
| 4.60%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1516174 |
| 4.85%, 03/01/35 | &nbsp;&nbsp; 860 | 869784 |
| 5.30%, 02/01/36 | &nbsp;&nbsp; 1035 | 1075951 |
| 6.40%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1190 | 1325994 |
| Kite Realty Group LP |  |  |
| 4.95%, 12/15/31 | &nbsp;&nbsp; 600 | 614467 |
| 5.20%, 08/15/32 | &nbsp;&nbsp; 335 | 345432 |
| 5.50%, 03/01/34 | &nbsp;&nbsp; 445 | 464333 |
| Kite Realty Group Trust, 4.75%, 09/15/30 | &nbsp;&nbsp; 795 | 810521 |
| Ladder Capital Finance Holdings LLLP/Ladder <br> Capital Finance Corp.<br>|  |  |
| 4.75%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9903 |
| 5.50%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 30 | 30765 |
| 7.00%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31633 |
| Lineage OP LP, 5.25%, 07/15/30 | &nbsp;&nbsp; 295 | 301050 |
| LXP Industrial Trust |  |  |
| 2.38%, 10/01/31 | &nbsp;&nbsp; 538 | 477554 |
| 2.70%, 09/15/30 | &nbsp;&nbsp; 705 | 653765 |
| Mid-America Apartments LP |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 1237 | 1098966 |
| 2.75%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 560 | 534630 |
| 2.88%, 09/15/51<sup>(a)</sup> | &nbsp;&nbsp; 569 | 366848 |
| 3.60%, 06/01/27 | &nbsp;&nbsp; 910 | 907810 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 1556 | 1556664 |
| 4.20%, 06/15/28 | &nbsp;&nbsp; 875 | 881041 |
| 4.65%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 570 | 573476 |
| 4.95%, 03/01/35 | &nbsp;&nbsp; 630 | 639189 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 590 | 600957 |
| 5.30%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 645 | 677397 |
| National Health Investors, Inc. |  |  |
| 3.00%, 02/01/31 | &nbsp;&nbsp; 729 | 668675 |
| 5.35%, 02/01/33 | &nbsp;&nbsp; 330 | 333737 |
| NNN REIT, Inc. |  |  |
| 2.50%, 04/15/30 | &nbsp;&nbsp; 1299 | 1217870 |
| 3.00%, 04/15/52 | &nbsp;&nbsp; 820 | 525457 |
| 3.10%, 04/15/50 | &nbsp;&nbsp; 783 | 521111 |
| 3.50%, 10/15/27 | &nbsp;&nbsp; 785 | 780580 |
| 3.50%, 04/15/51 | &nbsp;&nbsp; 715 | 515477 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.30%, 10/15/28 | &nbsp;&nbsp; $812 | $817515 |
| 4.60%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 850 | 861407 |
| 4.80%, 10/15/48<sup>(a)</sup> | &nbsp;&nbsp; 502 | 451207 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 955 | 998334 |
| 5.60%, 10/15/33 | &nbsp;&nbsp; 859 | 905664 |
| Omega Healthcare Investors, Inc. |  |  |
| 3.25%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1270 | 1146781 |
| 3.38%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1193 | 1125840 |
| 3.63%, 10/01/29 | &nbsp;&nbsp; 923 | 899416 |
| 4.50%, 04/01/27 | &nbsp;&nbsp; 1165 | 1166806 |
| 4.75%, 01/15/28 | &nbsp;&nbsp; 1010 | 1019732 |
| 5.20%, 07/01/30 | &nbsp;&nbsp; 1040 | 1066625 |
| Phillips Edison Grocery Center Operating <br> Partnership I LP<br>|  |  |
| 2.63%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 685 | 622241 |
| 4.95%, 01/15/35 | &nbsp;&nbsp; 380 | 380107 |
| 5.25%, 08/15/32 | &nbsp;&nbsp; 535 | 553826 |
| 5.75%, 07/15/34 | &nbsp;&nbsp; 615 | 651059 |
| Piedmont Operating Partnership LP |  |  |
| 2.75%, 04/01/32 | &nbsp;&nbsp; 407 | 354579 |
| 3.15%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 361 | 335575 |
| 5.63%, 01/15/33 | &nbsp;&nbsp; 425 | 427090 |
| 6.88%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 150 | 159462 |
| Prologis LP |  |  |
| 1.25%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1373 | 1214273 |
| 1.63%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 357 | 317837 |
| 1.75%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 785 | 713711 |
| 1.75%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1325 | 1185873 |
| 2.13%, 04/15/27 | &nbsp;&nbsp; 821 | 806150 |
| 2.13%, 10/15/50 | &nbsp;&nbsp; 1311 | 720209 |
| 2.25%, 04/15/30 | &nbsp;&nbsp; 1666 | 1560282 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 1555 | 1400380 |
| 2.88%, 11/15/29 | &nbsp;&nbsp; 858 | 826983 |
| 3.00%, 04/15/50 | &nbsp;&nbsp; 1109 | 746867 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 592 | 400903 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 774 | 769102 |
| 3.88%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 485 | 485227 |
| 4.00%, 09/15/28 | &nbsp;&nbsp; 1048 | 1051455 |
| 4.38%, 02/01/29 | &nbsp;&nbsp; 914 | 925814 |
| 4.38%, 09/15/48 | &nbsp;&nbsp; 775 | 661412 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 1155 | 1172173 |
| 4.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 760 | 784087 |
| 4.75%, 06/15/33 | &nbsp;&nbsp; 1345 | 1373945 |
| 4.88%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1349 | 1380841 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 1290 | 1326946 |
| 5.00%, 01/31/35 | &nbsp;&nbsp; 1255 | 1285997 |
| 5.13%, 01/15/34 | &nbsp;&nbsp; 1150 | 1192008 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 1095 | 1140802 |
| 5.25%, 06/15/53 | &nbsp;&nbsp; 1899 | 1837119 |
| 5.25%, 03/15/54 | &nbsp;&nbsp; 1525 | 1469228 |
| Prologis Targeted U.S. Logistics Fund LP |  |  |
| 4.25%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 650 | 650979 |
| 4.63%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 900 | 898226 |
| 4.75%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 835 | 825549 |
| 5.25%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 870 | 899291 |
| 5.25%, 01/15/35<sup>(b)</sup> | &nbsp;&nbsp; 1050 | 1082704 |
| 5.50%, 04/01/34<sup>(b)</sup> | &nbsp;&nbsp; 615 | 645041 |
| Public Storage Operating Co. |  |  |
| 1.85%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1227 | 1177257 |
| 1.95%, 11/09/28 | &nbsp;&nbsp; 1025 | 977001 |
| 2.25%, 11/09/31<sup>(a)</sup> | &nbsp;&nbsp; 1075 | 973869 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 2.30%, 05/01/31 | &nbsp;&nbsp; $1105 | $1013857 |
| 3.09%, 09/15/27 | &nbsp;&nbsp; 1025 | 1017587 |
| 3.39%, 05/01/29 | &nbsp;&nbsp; 1140 | 1125282 |
| 4.38%, 07/01/30 | &nbsp;&nbsp; 1560 | 1585368 |
| 5.00%, 07/01/35 | &nbsp;&nbsp; 790 | 813556 |
| 5.10%, 08/01/33 | &nbsp;&nbsp; 1345 | 1404064 |
| 5.13%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1125 | 1165764 |
| 5.35%, 08/01/53 | &nbsp;&nbsp; 1828 | 1791525 |
| Rayonier LP, 2.75%, 05/17/31 | &nbsp;&nbsp; 867 | 792676 |
| Realty Income Corp. |  |  |
| 1.80%, 03/15/33 | &nbsp;&nbsp; 670 | 564676 |
| 2.10%, 03/15/28 | &nbsp;&nbsp; 905 | 873328 |
| 2.20%, 06/15/28 | &nbsp;&nbsp; 1002 | 965326 |
| 2.70%, 02/15/32 | &nbsp;&nbsp; 571 | 522889 |
| 2.85%, 12/15/32 | &nbsp;&nbsp; 1222 | 1113396 |
| 3.10%, 12/15/29 | &nbsp;&nbsp; 1060 | 1028910 |
| 3.20%, 02/15/31 | &nbsp;&nbsp; 1035 | 989469 |
| 3.25%, 06/15/29 | &nbsp;&nbsp; 776 | 759619 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 1951 | 1872110 |
| 3.40%, 01/15/28 | &nbsp;&nbsp; 1163 | 1153288 |
| 3.40%, 01/15/30 | &nbsp;&nbsp; 976 | 954552 |
| 3.65%, 01/15/28 | &nbsp;&nbsp; 1087 | 1083425 |
| 3.95%, 08/15/27 | &nbsp;&nbsp; 485 | 485977 |
| 3.95%, 02/01/29 | &nbsp;&nbsp; 830 | 831817 |
| 4.00%, 07/15/29 | &nbsp;&nbsp; 724 | 724639 |
| 4.50%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 550 | 551129 |
| 4.65%, 03/15/47 | &nbsp;&nbsp; 890 | 797844 |
| 4.70%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1140 | 1163057 |
| 4.75%, 02/15/29 | &nbsp;&nbsp; 600 | 613355 |
| 4.85%, 03/15/30 | &nbsp;&nbsp; 955 | 985000 |
| 4.90%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1365 | 1400509 |
| 5.13%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1260 | 1306053 |
| 5.13%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1150 | 1183153 |
| 5.38%, 09/01/54 | &nbsp;&nbsp; 1345 | 1319640 |
| 5.63%, 10/13/32<sup>(a)</sup> | &nbsp;&nbsp; 1190 | 1272197 |
| 5.88%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 445 | 488744 |
| Regency Centers LP |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 846 | 818058 |
| 3.70%, 06/15/30 | &nbsp;&nbsp; 1118 | 1103183 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 1212 | 1217956 |
| 4.40%, 02/01/47 | &nbsp;&nbsp; 693 | 604568 |
| 4.50%, 03/15/33 | &nbsp;&nbsp; 320 | 320111 |
| 4.65%, 03/15/49 | &nbsp;&nbsp; 570 | 506597 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 690 | 711210 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 770 | 787300 |
| 5.25%, 01/15/34 | &nbsp;&nbsp; 519 | 538771 |
| Rexford Industrial Realty LP |  |  |
| 2.13%, 12/01/30 | &nbsp;&nbsp; 789 | 714925 |
| 2.15%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 745 | 661306 |
| 5.00%, 06/15/28 | &nbsp;&nbsp; 835 | 849164 |
| Sabra Health Care LP |  |  |
| 3.20%, 12/01/31 | &nbsp;&nbsp; 975 | 901687 |
| 3.90%, 10/15/29 | &nbsp;&nbsp; 617 | 607684 |
| Safehold GL Holdings LLC |  |  |
| 2.80%, 06/15/31 | &nbsp;&nbsp; 1037 | 956732 |
| 2.85%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 500 | 457016 |
| 5.65%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 765 | 797990 |
| 6.10%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 500 | 539782 |
| Scentre Group Trust 1/Scentre Group Trust 2 |  |  |
| 3.75%, 03/23/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 965 | 962980 |
| 4.38%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp; 1195 | 1210566 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Scentre Group Trust 2, 5.13%, 09/24/80, <br> (5-year CMT + 4.69%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; $255 | $258496 |
| Simon Property Group LP |  |  |
| 1.75%, 02/01/28 | &nbsp;&nbsp; 1380 | 1329146 |
| 2.20%, 02/01/31 | &nbsp;&nbsp; 1205 | 1100106 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 1300 | 1164785 |
| 2.45%, 09/13/29 | &nbsp;&nbsp; 2984 | 2836895 |
| 2.65%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 989 | 934584 |
| 2.65%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1536 | 1401945 |
| 3.25%, 09/13/49 | &nbsp;&nbsp; 2492 | 1752355 |
| 3.38%, 06/15/27 | &nbsp;&nbsp; 1329 | 1322505 |
| 3.38%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 1912 | 1899627 |
| 3.80%, 07/15/50 | &nbsp;&nbsp; 1082 | 833447 |
| 4.25%, 10/01/44 | &nbsp;&nbsp; 971 | 833477 |
| 4.25%, 11/30/46 | &nbsp;&nbsp; 890 | 753680 |
| 4.30%, 01/15/31 | &nbsp;&nbsp; 1250 | 1256903 |
| 4.38%, 10/01/30 | &nbsp;&nbsp; 1070 | 1083672 |
| 4.75%, 09/26/34 | &nbsp;&nbsp; 1785 | 1797316 |
| 4.75%, 03/15/42 | &nbsp;&nbsp; 775 | 729727 |
| 5.13%, 10/01/35 | &nbsp;&nbsp; 1295 | 1326272 |
| 5.50%, 03/08/33 | &nbsp;&nbsp; 845 | 897164 |
| 5.85%, 03/08/53<sup>(a)</sup> | &nbsp;&nbsp; 1360 | 1412869 |
| 6.25%, 01/15/34 | &nbsp;&nbsp; 735 | 813593 |
| 6.65%, 01/15/54 | &nbsp;&nbsp; 1240 | 1408212 |
| 6.75%, 02/01/40 | &nbsp;&nbsp; 1249 | 1455163 |
| Store Capital LLC |  |  |
| 2.70%, 12/01/31 | &nbsp;&nbsp; 680 | 608330 |
| 2.75%, 11/18/30 | &nbsp;&nbsp; 555 | 510482 |
| 4.50%, 03/15/28 | &nbsp;&nbsp; 1180 | 1184356 |
| 4.63%, 03/15/29 | &nbsp;&nbsp; 596 | 598751 |
| 4.95%, 02/11/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 475 | 479230 |
| 5.40%, 04/30/30 | &nbsp;&nbsp; 945 | 971457 |
| Sun Communities Operating LP |  |  |
| 2.30%, 11/01/28 | &nbsp;&nbsp; 1310 | 1251242 |
| 2.70%, 07/15/31 | &nbsp;&nbsp; 1198 | 1099407 |
| 4.20%, 04/15/32 | &nbsp;&nbsp; 1145 | 1122565 |
| Tanger Properties LP |  |  |
| 2.75%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 675 | 617375 |
| 3.88%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 685 | 683333 |
| Trust 2401 |  |  |
| 4.87%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 95 | 93960 |
| 6.39%, 01/15/50<sup>(b)</sup> | &nbsp;&nbsp; 330 | 320539 |
| 7.38%, 02/13/34<sup>(b)</sup> | &nbsp;&nbsp; 305 | 336613 |
| 7.70%, 01/23/32<sup>(b)</sup> | &nbsp;&nbsp; 215 | 237091 |
| Trust Fibra Uno |  |  |
| 6.39%, 01/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1369 | 1315673 |
| 6.95%, 01/30/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 1305 | 1352215 |
| 7.38%, 02/13/34<sup>(b)</sup> | &nbsp;&nbsp; 1135 | 1242939 |
| 7.70%, 01/23/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 726 | 793736 |
| UDR, Inc. |  |  |
| 1.90%, 03/15/33 | &nbsp;&nbsp; 753 | 631262 |
| 2.10%, 08/01/32 | &nbsp;&nbsp; 730 | 635299 |
| 2.10%, 06/15/33 | &nbsp;&nbsp; 470 | 396733 |
| 3.00%, 08/15/31 | &nbsp;&nbsp; 1053 | 987146 |
| 3.10%, 11/01/34 | &nbsp;&nbsp; 608 | 533586 |
| 3.20%, 01/15/30 | &nbsp;&nbsp; 1127 | 1093848 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 670 | 666355 |
| 3.50%, 01/15/28 | &nbsp;&nbsp; 828 | 821288 |
| 4.40%, 01/26/29 | &nbsp;&nbsp; 788 | 796036 |
| 5.13%, 09/01/34 | &nbsp;&nbsp; 530 | 541353 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Ventas Realty LP |  |  |
| 2.50%, 09/01/31 | &nbsp;&nbsp; $835 | $759786 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 1077 | 1032508 |
| 3.85%, 04/01/27 | &nbsp;&nbsp; 720 | 718633 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 1430 | 1429364 |
| 4.38%, 02/01/45 | &nbsp;&nbsp; 500 | 433005 |
| 4.40%, 01/15/29 | &nbsp;&nbsp; 1550 | 1565178 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 1281 | 1308835 |
| 4.88%, 04/15/49 | &nbsp;&nbsp; 741 | 662293 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 885 | 893503 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 1325 | 1324735 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 1075 | 1111392 |
| 5.63%, 07/01/34 | &nbsp;&nbsp; 780 | 822284 |
| 5.70%, 09/30/43<sup>(a)</sup> | &nbsp;&nbsp; 511 | 523978 |
| VICI Properties LP |  |  |
| 4.75%, 02/15/28 | &nbsp;&nbsp; 2538 | 2563230 |
| 4.75%, 04/01/28 | &nbsp;&nbsp; 460 | 464519 |
| 4.95%, 02/15/30 | &nbsp;&nbsp; 1845 | 1875477 |
| 5.13%, 11/15/31 | &nbsp;&nbsp; 1865 | 1898828 |
| 5.13%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2670 | 2708267 |
| 5.63%, 04/01/35 | &nbsp;&nbsp; 1235 | 1270913 |
| 5.63%, 05/15/52 | &nbsp;&nbsp; 1650 | 1550332 |
| 5.75%, 04/01/34 | &nbsp;&nbsp; 885 | 919402 |
| 6.13%, 04/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1055 | 1062207 |
| VICI Properties LP/VICI Note Co., Inc. |  |  |
| 3.88%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2057 | 2027629 |
| 4.13%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1480 | 1445561 |
| 4.50%, 01/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 705 | 707659 |
| 4.63%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp; 2325 | 2322680 |
| WEA Finance LLC |  |  |
| 3.50%, 06/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1545 | 1509520 |
| 4.13%, 09/20/28<sup>(b)</sup> | &nbsp;&nbsp; 1376 | 1370699 |
| 4.63%, 09/20/48<sup>(b)</sup> | &nbsp;&nbsp; 907 | 762900 |
| WEA Finance LLC/Westfield U.K. & Europe <br> Finance PLC, 4.75%, 09/17/44<sup>(b)</sup><br>| &nbsp;&nbsp; 755 | 664733 |
| Welltower OP LLC |  |  |
| 2.05%, 01/15/29 | &nbsp;&nbsp; 900 | 855368 |
| 2.75%, 01/15/31 | &nbsp;&nbsp; 1188 | 1116848 |
| 2.75%, 01/15/32 | &nbsp;&nbsp; 1330 | 1227961 |
| 2.80%, 06/01/31 | &nbsp;&nbsp; 1210 | 1132398 |
| 3.10%, 01/15/30 | &nbsp;&nbsp; 1749 | 1691172 |
| 3.85%, 06/15/32 | &nbsp;&nbsp; 825 | 807463 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 1239 | 1246046 |
| 4.25%, 04/15/28 | &nbsp;&nbsp; 2117 | 2133891 |
| 4.50%, 07/01/30 | &nbsp;&nbsp; 2035 | 2072464 |
| 4.95%, 09/01/48<sup>(a)</sup> | &nbsp;&nbsp; 915 | 865420 |
| 5.13%, 07/01/35 | &nbsp;&nbsp; 1360 | 1402508 |
| 5.13%, 03/15/43<sup>(a)</sup> | &nbsp;&nbsp; 460 | 447074 |
| 6.50%, 03/15/41 | &nbsp;&nbsp; 785 | 890631 |
| Weyerhaeuser Co. |  |  |
| 3.38%, 03/09/33<sup>(a)</sup> | &nbsp;&nbsp; 725 | 672002 |
| 4.00%, 11/15/29 | &nbsp;&nbsp; 1237 | 1231262 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 2302 | 2283319 |
| 4.00%, 03/09/52 | &nbsp;&nbsp; 870 | 671317 |
| 6.88%, 12/15/33 | &nbsp;&nbsp; 490 | 550639 |
| 6.95%, 10/01/27 | &nbsp;&nbsp; 915 | 956793 |
| 7.38%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1189 | 1362324 |
| WP Carey, Inc. |  |  |
| 2.25%, 04/01/33 | &nbsp;&nbsp; 709 | 605189 |
| 2.40%, 02/01/31 | &nbsp;&nbsp; 1054 | 961774 |
| 2.45%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 555 | 496662 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 3.85%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; $839 | $832326 |
| 4.65%, 07/15/30 | &nbsp;&nbsp; 580 | 589115 |
| 5.38%, 06/30/34<sup>(a)</sup> | &nbsp;&nbsp; 555 | 576726 |
|  |  | 525546374 |
| **Retail — 2.1%** | **Retail — 2.1%** | **Retail — 2.1%** |
| 7-Eleven, Inc. |  |  |
| 1.30%, 02/10/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2105 | 2000199 |
| 1.80%, 02/10/31<sup>(b)</sup> | &nbsp;&nbsp; 3590 | 3188831 |
| 2.50%, 02/10/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 1532 | 1082401 |
| 2.80%, 02/10/51<sup>(b)</sup> | &nbsp;&nbsp; 2371 | 1459498 |
| Alimentation Couche-Tard, Inc. |  |  |
| 2.95%, 01/25/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1614 | 1544773 |
| 3.44%, 05/13/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 1310 | 1068281 |
| 3.55%, 07/26/27<sup>(b)</sup> | &nbsp;&nbsp; 1538 | 1530486 |
| 3.63%, 05/13/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 585 | 427862 |
| 3.80%, 01/25/50<sup>(b)</sup> | &nbsp;&nbsp; 1183 | 898164 |
| 4.15%, 09/29/28<sup>(b)</sup> | &nbsp;&nbsp; 1065 | 1070991 |
| 4.50%, 07/26/47<sup>(b)</sup> | &nbsp;&nbsp; 1220 | 1053818 |
| 5.08%, 09/29/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 800 | 812454 |
| 5.27%, 02/12/34<sup>(b)</sup> | &nbsp;&nbsp; 1515 | 1571644 |
| 5.62%, 02/12/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 1110 | 1113101 |
| Arcos Dorados BV, 6.38%, 01/29/32<sup>(b)</sup> | &nbsp;&nbsp; 525 | 558274 |
| AutoNation, Inc. |  |  |
| 1.95%, 08/01/28 | &nbsp;&nbsp; 1015 | 966599 |
| 2.40%, 08/01/31 | &nbsp;&nbsp; 989 | 888734 |
| 3.80%, 11/15/27 | &nbsp;&nbsp; 700 | 697416 |
| 3.85%, 03/01/32 | &nbsp;&nbsp; 970 | 925654 |
| 4.45%, 01/15/29 | &nbsp;&nbsp; 890 | 896670 |
| 4.75%, 06/01/30 | &nbsp;&nbsp; 960 | 973822 |
| 5.89%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 820 | 855816 |
| AutoZone, Inc. |  |  |
| 1.65%, 01/15/31 | &nbsp;&nbsp; 956 | 847444 |
| 3.75%, 06/01/27 | &nbsp;&nbsp; 883 | 881206 |
| 3.75%, 04/18/29 | &nbsp;&nbsp; 1079 | 1069783 |
| 4.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1250 | 1244594 |
| 4.50%, 02/01/28 | &nbsp;&nbsp; 1295 | 1309464 |
| 4.75%, 08/01/32 | &nbsp;&nbsp; 1695 | 1720355 |
| 4.75%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1020 | 1032284 |
| 5.10%, 07/15/29 | &nbsp;&nbsp; 895 | 923524 |
| 5.13%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1150 | 1191950 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 595 | 617692 |
| 5.40%, 07/15/34 | &nbsp;&nbsp; 1070 | 1118060 |
| 6.25%, 11/01/28 | &nbsp;&nbsp; 885 | 934757 |
| 6.55%, 11/01/33 | &nbsp;&nbsp; 865 | 967624 |
| Best Buy Co., Inc. |  |  |
| 1.95%, 10/01/30 | &nbsp;&nbsp; 1302 | 1176731 |
| 4.45%, 10/01/28 | &nbsp;&nbsp; 1427 | 1442441 |
| CK Hutchison International 20 Ltd., 3.38%, <br> 05/08/50<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 660 | 491335 |
| CK Hutchison International 21 Ltd., 3.13%, <br> 04/15/41<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1497 | 1186663 |
| CK Hutchison International 24 II Ltd. |  |  |
| 4.38%, 03/13/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 655 | 664212 |
| 4.75%, 09/13/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 935 | 944268 |
| CK Hutchison International 24 Ltd. |  |  |
| 5.38%, 04/26/29<sup>(b)</sup> | &nbsp;&nbsp; 1390 | 1445085 |
| 5.50%, 04/26/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 2525 | 2673949 |
| Costco Wholesale Corp. |  |  |
| 1.38%, 06/20/27 | &nbsp;&nbsp; 1160 | 1127110 |
| 1.60%, 04/20/30 | &nbsp;&nbsp; 3354 | 3070508 |
| 1.75%, 04/20/32 | &nbsp;&nbsp; 1634 | 1437110 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 3.00%, 05/18/27 | &nbsp;&nbsp; $1629 | $1619042 |
| Darden Restaurants, Inc. |  |  |
| 3.85%, 05/01/27 | &nbsp;&nbsp; 750 | 748642 |
| 4.35%, 10/15/27 | &nbsp;&nbsp; 600 | 604111 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 915 | 927446 |
| 4.55%, 02/15/48<sup>(a)</sup> | &nbsp;&nbsp; 501 | 421254 |
| 6.30%, 10/10/33<sup>(a)</sup> | &nbsp;&nbsp; 855 | 939709 |
| Dick's Sporting Goods, Inc. |  |  |
| 3.15%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1440 | 1339583 |
| 4.00%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 290 | 287060 |
| 4.10%, 01/15/52 | &nbsp;&nbsp; 1560 | 1136843 |
| Dollar General Corp. |  |  |
| 3.50%, 04/03/30 | &nbsp;&nbsp; 1676 | 1630677 |
| 4.13%, 05/01/28 | &nbsp;&nbsp; 831 | 834158 |
| 4.13%, 04/03/50 | &nbsp;&nbsp; 850 | 676194 |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 1000 | 1025971 |
| 5.20%, 07/05/28 | &nbsp;&nbsp; 681 | 698391 |
| 5.45%, 07/05/33 | &nbsp;&nbsp; 1067 | 1120819 |
| 5.50%, 11/01/52<sup>(a)</sup> | &nbsp;&nbsp; 500 | 488816 |
| Dollar Tree, Inc. |  |  |
| 2.65%, 12/01/31 | &nbsp;&nbsp; 1700 | 1553536 |
| 3.38%, 12/01/51 | &nbsp;&nbsp; 845 | 568153 |
| 4.20%, 05/15/28 | &nbsp;&nbsp; 2356 | 2364577 |
| El Puerto de Liverpool SAB de CV |  |  |
| 6.26%, 01/22/32<sup>(b)</sup> | &nbsp;&nbsp; 715 | 760914 |
| 6.66%, 01/22/37<sup>(b)</sup> | &nbsp;&nbsp; 775 | 830180 |
| Ferguson Enterprises, Inc. |  |  |
| 4.35%, 03/15/31 | &nbsp;&nbsp; 970 | 972989 |
| 5.00%, 10/03/34 | &nbsp;&nbsp; 1075 | 1092098 |
| Genuine Parts Co. |  |  |
| 1.88%, 11/01/30 | &nbsp;&nbsp; 1223 | 1078839 |
| 2.75%, 02/01/32 | &nbsp;&nbsp; 1035 | 918355 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 1630 | 1651222 |
| 6.50%, 11/01/28 | &nbsp;&nbsp; 1155 | 1212941 |
| 6.88%, 11/01/33<sup>(a)</sup> | &nbsp;&nbsp; 650 | 719085 |
| Home Depot, Inc.(The) |  |  |
| 0.90%, 03/15/28 | &nbsp;&nbsp; 895 | 848043 |
| 1.38%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2865 | 2523019 |
| 1.50%, 09/15/28 | &nbsp;&nbsp; 1717 | 1629221 |
| 1.88%, 09/15/31 | &nbsp;&nbsp; 1690 | 1508385 |
| 2.38%, 03/15/51 | &nbsp;&nbsp; 2240 | 1302067 |
| 2.50%, 04/15/27 | &nbsp;&nbsp; 1205 | 1190656 |
| 2.70%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2472 | 2360810 |
| 2.75%, 09/15/51 | &nbsp;&nbsp; 1660 | 1044896 |
| 2.80%, 09/14/27 | &nbsp;&nbsp; 1930 | 1905758 |
| 2.88%, 04/15/27 | &nbsp;&nbsp; 1167 | 1156638 |
| 2.95%, 06/15/29 | &nbsp;&nbsp; 3272 | 3190149 |
| 3.13%, 12/15/49 | &nbsp;&nbsp; 2513 | 1739265 |
| 3.25%, 04/15/32 | &nbsp;&nbsp; 2175 | 2074880 |
| 3.30%, 04/15/40 | &nbsp;&nbsp; 2321 | 1927667 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 2570 | 1837659 |
| 3.50%, 09/15/56<sup>(a)</sup> | &nbsp;&nbsp; 1368 | 970752 |
| 3.63%, 04/15/52 | &nbsp;&nbsp; 2575 | 1914831 |
| 3.75%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 765 | 768540 |
| 3.90%, 12/06/28<sup>(a)</sup> | &nbsp;&nbsp; 2007 | 2017833 |
| 3.90%, 06/15/47 | &nbsp;&nbsp; 2354 | 1898482 |
| 3.95%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 835 | 838630 |
| 4.20%, 04/01/43 | &nbsp;&nbsp; 1908 | 1682307 |
| 4.25%, 04/01/46 | &nbsp;&nbsp; 3124 | 2689421 |
| 4.40%, 03/15/45 | &nbsp;&nbsp; 1715 | 1519790 |
| 4.50%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1825 | 1863287 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 4.50%, 12/06/48 | &nbsp;&nbsp; $2655 | $2325067 |
| 4.65%, 09/15/35 | &nbsp;&nbsp; 2040 | 2042291 |
| 4.75%, 06/25/29 | &nbsp;&nbsp; 2365 | 2435540 |
| 4.85%, 06/25/31<sup>(a)</sup> | &nbsp;&nbsp; 1890 | 1969441 |
| 4.88%, 06/25/27 | &nbsp;&nbsp; 1275 | 1293875 |
| 4.88%, 02/15/44 | &nbsp;&nbsp; 2024 | 1924975 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 1815 | 1871931 |
| 4.95%, 06/25/34 | &nbsp;&nbsp; 3345 | 3457268 |
| 4.95%, 09/15/52<sup>(a)</sup> | &nbsp;&nbsp; 2010 | 1855805 |
| 5.30%, 06/25/54<sup>(a)</sup> | &nbsp;&nbsp; 2775 | 2690700 |
| 5.40%, 09/15/40<sup>(a)</sup> | &nbsp;&nbsp; 835 | 866559 |
| 5.40%, 06/25/64<sup>(a)</sup> | &nbsp;&nbsp; 880 | 858797 |
| 5.88%, 12/16/36 | &nbsp;&nbsp; 4598 | 5031976 |
| 5.95%, 04/01/41<sup>(a)</sup> | &nbsp;&nbsp; 1621 | 1767283 |
| InRetail Consumer, 3.25%, 03/22/28<sup>(b)</sup> | &nbsp;&nbsp; 245 | 238983 |
| Lowe's Companies, Inc. |  |  |
| 1.30%, 04/15/28 | &nbsp;&nbsp; 1410 | 1337428 |
| 1.70%, 09/15/28 | &nbsp;&nbsp; 2030 | 1923645 |
| 1.70%, 10/15/30 | &nbsp;&nbsp; 2145 | 1928334 |
| 2.63%, 04/01/31 | &nbsp;&nbsp; 3085 | 2861412 |
| 2.80%, 09/15/41 | &nbsp;&nbsp; 2211 | 1621938 |
| 3.00%, 10/15/50<sup>(a)</sup> | &nbsp;&nbsp; 3482 | 2260999 |
| 3.10%, 05/03/27 | &nbsp;&nbsp; 2490 | 2467095 |
| 3.35%, 04/01/27 | &nbsp;&nbsp; 1178 | 1171694 |
| 3.50%, 04/01/51 | &nbsp;&nbsp; 913 | 650092 |
| 3.65%, 04/05/29 | &nbsp;&nbsp; 3042 | 3017439 |
| 3.70%, 04/15/46 | &nbsp;&nbsp; 2457 | 1898314 |
| 3.75%, 04/01/32 | &nbsp;&nbsp; 2403 | 2327868 |
| 4.05%, 05/03/47 | &nbsp;&nbsp; 3076 | 2475927 |
| 4.25%, 04/01/52<sup>(a)</sup> | &nbsp;&nbsp; 2865 | 2288339 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 817 | 696679 |
| 4.45%, 04/01/62 | &nbsp;&nbsp; 2190 | 1737141 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 2669 | 2712769 |
| 4.55%, 04/05/49 | &nbsp;&nbsp; 1425 | 1220245 |
| 4.65%, 04/15/42 | &nbsp;&nbsp; 1054 | 974024 |
| 5.00%, 04/15/33 | &nbsp;&nbsp; 2060 | 2126421 |
| 5.00%, 04/15/40<sup>(a)</sup> | &nbsp;&nbsp; 750 | 739729 |
| 5.00%, 09/15/43<sup>(a)</sup> | &nbsp;&nbsp; 401 | 393661 |
| 5.13%, 04/15/50 | &nbsp;&nbsp; 675 | 619144 |
| 5.15%, 07/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1755 | 1822506 |
| 5.50%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 875 | 922978 |
| 5.63%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 2945 | 2900661 |
| 5.75%, 07/01/53<sup>(a)</sup> | &nbsp;&nbsp; 790 | 793708 |
| 5.80%, 10/15/36 | &nbsp;&nbsp; 630 | 678066 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 1504 | 1493364 |
| 5.85%, 04/01/63 | &nbsp;&nbsp; 730 | 728875 |
| 6.50%, 03/15/29 | &nbsp;&nbsp; 1570 | 1684689 |
| 6.88%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1045 | 1108129 |
| Lowe's Cos., Inc. |  |  |
| 3.95%, 10/15/27 | &nbsp;&nbsp; 1545 | 1549639 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 1615 | 1619843 |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 1750 | 1755865 |
| 4.50%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1675 | 1682356 |
| 4.85%, 10/15/35 | &nbsp;&nbsp; 1705 | 1706096 |
| Marks & Spencer PLC, 7.13%, 12/01/37<sup>(a)(b)</sup> | &nbsp;&nbsp; 510 | 571331 |
| McDonald's Corp. |  |  |
| 2.13%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1737 | 1621209 |
| 2.63%, 09/01/29 | &nbsp;&nbsp; 2136 | 2051553 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 892 | 888455 |
| 3.60%, 07/01/30 | &nbsp;&nbsp; 1519 | 1501974 |
| 3.63%, 05/01/43 | &nbsp;&nbsp; 920 | 738626 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 3.63%, 09/01/49 | &nbsp;&nbsp; $3271 | $2466053 |
| 3.70%, 02/15/42 | &nbsp;&nbsp; 1151 | 961913 |
| 3.80%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2078 | 2079398 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 1410 | 1163526 |
| 4.40%, 02/12/31<sup>(a)</sup> | &nbsp;&nbsp; 1190 | 1209574 |
| 4.45%, 03/01/47 | &nbsp;&nbsp; 2075 | 1815704 |
| 4.45%, 09/01/48 | &nbsp;&nbsp; 1398 | 1213098 |
| 4.60%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1025 | 1048381 |
| 4.60%, 09/09/32<sup>(a)</sup> | &nbsp;&nbsp; 1500 | 1540291 |
| 4.60%, 05/26/45 | &nbsp;&nbsp; 1315 | 1186215 |
| 4.70%, 12/09/35 | &nbsp;&nbsp; 1707 | 1726374 |
| 4.80%, 08/14/28 | &nbsp;&nbsp; 1242 | 1270807 |
| 4.88%, 07/15/40 | &nbsp;&nbsp; 570 | 558370 |
| 4.88%, 12/09/45 | &nbsp;&nbsp; 3605 | 3345127 |
| 4.95%, 08/14/33<sup>(a)</sup> | &nbsp;&nbsp; 1230 | 1280894 |
| 4.95%, 03/03/35 | &nbsp;&nbsp; 740 | 758579 |
| 5.00%, 05/17/29<sup>(a)</sup> | &nbsp;&nbsp; 1065 | 1101526 |
| 5.00%, 02/13/36 | &nbsp;&nbsp; 1385 | 1419080 |
| 5.15%, 09/09/52<sup>(a)</sup> | &nbsp;&nbsp; 1600 | 1508236 |
| 5.20%, 05/17/34 | &nbsp;&nbsp; 775 | 813638 |
| 5.45%, 08/14/53<sup>(a)</sup> | &nbsp;&nbsp; 1290 | 1272325 |
| 5.70%, 02/01/39<sup>(a)</sup> | &nbsp;&nbsp; 761 | 816253 |
| 6.30%, 10/15/37 | &nbsp;&nbsp; 2017 | 2277896 |
| 6.30%, 03/01/38 | &nbsp;&nbsp; 1055 | 1183907 |
| O'Reilly Automotive, Inc. |  |  |
| 1.75%, 03/15/31 | &nbsp;&nbsp; 755 | 670591 |
| 3.60%, 09/01/27 | &nbsp;&nbsp; 1175 | 1169295 |
| 3.90%, 06/01/29 | &nbsp;&nbsp; 1136 | 1132065 |
| 4.20%, 04/01/30 | &nbsp;&nbsp; 1187 | 1191904 |
| 4.35%, 06/01/28 | &nbsp;&nbsp; 1222 | 1233522 |
| 4.70%, 06/15/32 | &nbsp;&nbsp; 1170 | 1191125 |
| 5.00%, 08/19/34 | &nbsp;&nbsp; 805 | 818473 |
| Ross Stores, Inc., 1.88%, 04/15/31 | &nbsp;&nbsp; 748 | 666968 |
| Starbucks Corp. |  |  |
| 2.00%, 03/12/27 | &nbsp;&nbsp; 1028 | 1009826 |
| 2.25%, 03/12/30 | &nbsp;&nbsp; 2085 | 1945666 |
| 2.55%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2319 | 2167183 |
| 3.00%, 02/14/32<sup>(a)</sup> | &nbsp;&nbsp; 1490 | 1391285 |
| 3.35%, 03/12/50 | &nbsp;&nbsp; 927 | 652487 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 2099 | 2086024 |
| 3.50%, 11/15/50<sup>(a)</sup> | &nbsp;&nbsp; 2037 | 1473592 |
| 3.55%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1703 | 1684567 |
| 3.75%, 12/01/47 | &nbsp;&nbsp; 1025 | 795425 |
| 4.00%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2320 | 2328304 |
| 4.30%, 06/15/45 | &nbsp;&nbsp; 905 | 779776 |
| 4.45%, 08/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1842 | 1572253 |
| 4.50%, 05/15/28 | &nbsp;&nbsp; 1520 | 1538527 |
| 4.50%, 11/15/48 | &nbsp;&nbsp; 1739 | 1496178 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 725 | 747067 |
| 4.80%, 02/15/33 | &nbsp;&nbsp; 990 | 1015353 |
| 4.90%, 02/15/31 | &nbsp;&nbsp; 1060 | 1097669 |
| 5.00%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1160 | 1198075 |
| 5.40%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 830 | 875028 |
| Target Corp. |  |  |
| 2.35%, 02/15/30 | &nbsp;&nbsp; 1375 | 1298724 |
| 2.65%, 09/15/30 | &nbsp;&nbsp; 975 | 921932 |
| 2.95%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1355 | 894540 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 1809 | 1789542 |
| 3.63%, 04/15/46 | &nbsp;&nbsp; 1270 | 999103 |
| 3.90%, 11/15/47 | &nbsp;&nbsp; 1052 | 848225 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 1802 | 1556883 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 4.35%, 06/15/28 | &nbsp;&nbsp; $1000 | $1014102 |
| 4.40%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1145 | 1161102 |
| 4.50%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1805 | 1846915 |
| 4.50%, 09/15/34 | &nbsp;&nbsp; 1640 | 1639264 |
| 4.80%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1895 | 1730837 |
| 5.00%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2110 | 2165878 |
| 5.25%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1180 | 1226327 |
| 6.35%, 11/01/32 | &nbsp;&nbsp; 404 | 452913 |
| 6.50%, 10/15/37<sup>(a)</sup> | &nbsp;&nbsp; 752 | 863538 |
| 7.00%, 01/15/38 | &nbsp;&nbsp; 890 | 1060657 |
| Tiffany & Co., 4.90%, 10/01/44 | &nbsp;&nbsp; 580 | 554769 |
| TJX Companies, Inc.(The) |  |  |
| 1.15%, 05/15/28 | &nbsp;&nbsp; 1480 | 1398958 |
| 1.60%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1110 | 988642 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 1207 | 1208018 |
| 4.50%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 506 | 447041 |
| Tractor Supply Co. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 1540 | 1379325 |
| 5.25%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1165 | 1210720 |
| Walmart, Inc. |  |  |
| 2.38%, 09/24/29<sup>(a)</sup> | &nbsp;&nbsp; 229 | 219504 |
| 2.50%, 09/22/41 | &nbsp;&nbsp; 1815 | 1349593 |
| 2.65%, 09/22/51 | &nbsp;&nbsp; 2323 | 1496917 |
| 2.95%, 09/24/49 | &nbsp;&nbsp; 1223 | 849546 |
| 3.25%, 07/08/29<sup>(a)</sup> | &nbsp;&nbsp; 1597 | 1582718 |
| 3.63%, 12/15/47 | &nbsp;&nbsp; 945 | 753299 |
| 3.70%, 06/26/28 | &nbsp;&nbsp; 2592 | 2598710 |
| 3.90%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1490 | 1498623 |
| 3.95%, 06/28/38<sup>(a)</sup> | &nbsp;&nbsp; 1045 | 990286 |
| 4.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1143 | 1158045 |
| 4.00%, 04/11/43 | &nbsp;&nbsp; 780 | 687552 |
| 4.05%, 06/29/48 | &nbsp;&nbsp; 3115 | 2639571 |
| 4.10%, 04/28/27 | &nbsp;&nbsp; 665 | 669430 |
| 4.10%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2985 | 3005841 |
| 4.15%, 09/09/32<sup>(a)</sup> | &nbsp;&nbsp; 1525 | 1547134 |
| 4.30%, 04/22/44<sup>(a)</sup> | &nbsp;&nbsp; 840 | 772748 |
| 4.35%, 04/28/30 | &nbsp;&nbsp; 1930 | 1971368 |
| 4.50%, 09/09/52 | &nbsp;&nbsp; 1746 | 1558694 |
| 4.50%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 3165 | 2828593 |
| 4.88%, 07/08/40<sup>(a)</sup> | &nbsp;&nbsp; 720 | 729310 |
| 4.90%, 04/28/35 | &nbsp;&nbsp; 2550 | 2645975 |
| 5.00%, 10/25/40<sup>(a)</sup> | &nbsp;&nbsp; 330 | 339951 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 2565 | 2740051 |
| 5.63%, 04/01/40 | &nbsp;&nbsp; 1040 | 1130946 |
| 5.63%, 04/15/41 | &nbsp;&nbsp; 1345 | 1453091 |
| 5.88%, 04/05/27 | &nbsp;&nbsp; 135 | 138304 |
| 6.20%, 04/15/38 | &nbsp;&nbsp; 1335 | 1525019 |
| 6.50%, 08/15/37 | &nbsp;&nbsp; 1505 | 1766091 |
| 7.55%, 02/15/30 | &nbsp;&nbsp; 1110 | 1268638 |
|  |  | 362147875 |
| **Savings & Loans — 0.1%** | **Savings & Loans — 0.1%** | **Savings & Loans — 0.1%** |
| Nationwide Building Society |  |  |
| 3.96%, 07/18/30, (3-mo. SOFR US + <br> 2.12%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 2215 | 2197589 |
| 4.13%, 10/18/32, (5-year USD ICE Swap + <br> 1.85%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 513 | 511349 |
| 4.30%, 03/08/29<sup>(b)(d)</sup> | &nbsp;&nbsp; 1445 | 1449857 |
| 4.35%, 09/30/30<sup>(b)</sup> | &nbsp;&nbsp; 1400 | 1410349 |
| 4.65%, 07/14/29, (1-day SOFR + 1.06%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1460 | 1477213 |
| 4.85%, 07/27/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1400 | 1420400 |
| 5.13%, 07/29/29<sup>(b)</sup> | &nbsp;&nbsp; 1190 | 1229698 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Savings & Loans (continued)** | **Savings & Loans (continued)** | **Savings & Loans (continued)** |
| 5.54%, 07/14/36, (1-day SOFR + 1.65%)<sup>(b)(d)</sup> | &nbsp;&nbsp; $685 | $711257 |
|  |  | 10407712 |
| **Semiconductors — 2.2%** | **Semiconductors — 2.2%** | **Semiconductors — 2.2%** |
| Advanced Micro Devices, Inc. |  |  |
| 3.92%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 795 | 788366 |
| 4.32%, 03/24/28 | &nbsp;&nbsp; 1680 | 1701273 |
| 4.39%, 06/01/52<sup>(a)</sup> | &nbsp;&nbsp; 755 | 646828 |
| Analog Devices, Inc. |  |  |
| 1.70%, 10/01/28 | &nbsp;&nbsp; 1705 | 1619935 |
| 2.10%, 10/01/31 | &nbsp;&nbsp; 2185 | 1966983 |
| 2.80%, 10/01/41 | &nbsp;&nbsp; 1242 | 935419 |
| 2.95%, 10/01/51<sup>(a)</sup> | &nbsp;&nbsp; 1388 | 918087 |
| 3.45%, 06/15/27 | &nbsp;&nbsp; 1020 | 1017003 |
| 4.25%, 06/15/28 | &nbsp;&nbsp; 1845 | 1865970 |
| 4.25%, 10/01/32 | &nbsp;&nbsp; 85 | 86355 |
| 4.50%, 06/15/30 | &nbsp;&nbsp; 1060 | 1084019 |
| 5.05%, 04/01/34 | &nbsp;&nbsp; 1090 | 1139636 |
| 5.30%, 12/15/45<sup>(a)</sup> | &nbsp;&nbsp; 1065 | 1063344 |
| 5.30%, 04/01/54<sup>(a)</sup> | &nbsp;&nbsp; 905 | 886887 |
| Applied Materials, Inc. |  |  |
| 1.75%, 06/01/30 | &nbsp;&nbsp; 1822 | 1664590 |
| 2.75%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1367 | 903908 |
| 3.30%, 04/01/27<sup>(a)</sup> | &nbsp;&nbsp; 1892 | 1885056 |
| 4.00%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1125 | 1126054 |
| 4.35%, 04/01/47 | &nbsp;&nbsp; 1175 | 1041160 |
| 4.60%, 01/15/36 | &nbsp;&nbsp; 505 | 502746 |
| 4.80%, 06/15/29 | &nbsp;&nbsp; 1705 | 1756761 |
| 5.10%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 973 | 1012626 |
| 5.85%, 06/15/41 | &nbsp;&nbsp; 1130 | 1225592 |
| Broadcom Corp./Broadcom Cayman Finance <br> Ltd., 3.50%, 01/15/28<sup>(a)</sup><br>| &nbsp;&nbsp; 1408 | 1402529 |
| Broadcom, Inc. |  |  |
| 1.95%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1467 | 1418167 |
| 2.45%, 02/15/31 | &nbsp;&nbsp; 4755 | 4395252 |
| 2.60%, 02/15/33 | &nbsp;&nbsp; 2965 | 2639401 |
| 3.14%, 11/15/35<sup>(b)</sup> | &nbsp;&nbsp; 6338 | 5541658 |
| 3.19%, 11/15/36<sup>(b)</sup> | &nbsp;&nbsp; 5340 | 4606681 |
| 3.42%, 04/15/33 | &nbsp;&nbsp; 4725 | 4425663 |
| 3.47%, 04/15/34 | &nbsp;&nbsp; 6518 | 6031169 |
| 3.50%, 02/15/41 | &nbsp;&nbsp; 5869 | 4861790 |
| 3.75%, 02/15/51<sup>(a)</sup> | &nbsp;&nbsp; 3417 | 2634555 |
| 4.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1777 | 1782286 |
| 4.15%, 11/15/30 | &nbsp;&nbsp; 3725 | 3736699 |
| 4.15%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 2640 | 2614136 |
| 4.20%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1040 | 1045832 |
| 4.30%, 01/15/31 | &nbsp;&nbsp; 855 | 862585 |
| 4.30%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4429 | 4413671 |
| 4.35%, 02/15/30 | &nbsp;&nbsp; 3830 | 3877546 |
| 4.55%, 02/15/32 | &nbsp;&nbsp; 1460 | 1479718 |
| 4.60%, 07/15/30 | &nbsp;&nbsp; 2860 | 2924271 |
| 4.60%, 01/15/33 | &nbsp;&nbsp; 1475 | 1490976 |
| 4.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 2455 | 2511981 |
| 4.80%, 04/15/28 | &nbsp;&nbsp; 2045 | 2086965 |
| 4.80%, 10/15/34 | &nbsp;&nbsp; 3210 | 3245691 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 3659 | 3668033 |
| 4.90%, 07/15/32 | &nbsp;&nbsp; 2995 | 3084764 |
| 4.90%, 02/15/38 | &nbsp;&nbsp; 3355 | 3336465 |
| 4.93%, 05/15/37<sup>(a)(b)</sup> | &nbsp;&nbsp; 3842 | 3842956 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 1260 | 1278458 |
| 5.00%, 04/15/30 | &nbsp;&nbsp; 1695 | 1752630 |
| 5.05%, 07/12/27 | &nbsp;&nbsp; 811 | 824449 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 5.05%, 07/12/29 | &nbsp;&nbsp; $3880 | $4014580 |
| 5.05%, 04/15/30 | &nbsp;&nbsp; 1860 | 1927968 |
| 5.15%, 11/15/31 | &nbsp;&nbsp; 3165 | 3314073 |
| 5.20%, 04/15/32 | &nbsp;&nbsp; 2174 | 2273904 |
| 5.20%, 07/15/35 | &nbsp;&nbsp; 4360 | 4506117 |
| 5.70%, 01/15/56 | &nbsp;&nbsp; 510 | 523704 |
| Foundry JV Holdco LLC |  |  |
| 5.50%, 01/25/31<sup>(b)</sup> | &nbsp;&nbsp; 3410 | 3558432 |
| 5.88%, 01/25/34<sup>(b)</sup> | &nbsp;&nbsp; 2635 | 2751208 |
| 5.90%, 01/25/30<sup>(b)</sup> | &nbsp;&nbsp; 1555 | 1641034 |
| 5.90%, 01/25/33<sup>(b)</sup> | &nbsp;&nbsp; 2140 | 2267514 |
| 6.10%, 01/25/36<sup>(b)</sup> | &nbsp;&nbsp; 2395 | 2556977 |
| 6.15%, 01/25/32<sup>(b)</sup> | &nbsp;&nbsp; 985 | 1056580 |
| 6.20%, 01/25/37<sup>(a)(b)</sup> | &nbsp;&nbsp; 2870 | 3073459 |
| 6.25%, 01/25/35<sup>(b)</sup> | &nbsp;&nbsp; 2505 | 2697095 |
| 6.30%, 01/25/39<sup>(b)</sup> | &nbsp;&nbsp; 2150 | 2325268 |
| 6.40%, 01/25/38<sup>(a)(b)</sup> | &nbsp;&nbsp; 1990 | 2163826 |
| Intel Corp. |  |  |
| 1.60%, 08/12/28 | &nbsp;&nbsp; 2125 | 2010354 |
| 2.00%, 08/12/31 | &nbsp;&nbsp; 2625 | 2326270 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 4022 | 3792502 |
| 2.80%, 08/12/41 | &nbsp;&nbsp; 2031 | 1446262 |
| 3.05%, 08/12/51<sup>(a)</sup> | &nbsp;&nbsp; 2710 | 1702920 |
| 3.10%, 02/15/60 | &nbsp;&nbsp; 2098 | 1200592 |
| 3.15%, 05/11/27 | &nbsp;&nbsp; 1659 | 1642892 |
| 3.20%, 08/12/61 | &nbsp;&nbsp; 1815 | 1053852 |
| 3.25%, 11/15/49 | &nbsp;&nbsp; 3919 | 2565747 |
| 3.73%, 12/08/47 | &nbsp;&nbsp; 4039 | 2924059 |
| 3.75%, 03/25/27 | &nbsp;&nbsp; 1617 | 1614171 |
| 3.75%, 08/05/27 | &nbsp;&nbsp; 2065 | 2058295 |
| 3.90%, 03/25/30 | &nbsp;&nbsp; 3056 | 3020813 |
| 4.00%, 08/05/29 | &nbsp;&nbsp; 1772 | 1767664 |
| 4.00%, 12/15/32 | &nbsp;&nbsp; 1483 | 1434051 |
| 4.10%, 05/19/46 | &nbsp;&nbsp; 1926 | 1497186 |
| 4.10%, 05/11/47 | &nbsp;&nbsp; 1962 | 1515411 |
| 4.15%, 08/05/32 | &nbsp;&nbsp; 2030 | 1986082 |
| 4.25%, 12/15/42 | &nbsp;&nbsp; 1538 | 1272374 |
| 4.60%, 03/25/40 | &nbsp;&nbsp; 1503 | 1366509 |
| 4.75%, 03/25/50<sup>(a)</sup> | &nbsp;&nbsp; 3925 | 3278620 |
| 4.80%, 10/01/41 | &nbsp;&nbsp; 1670 | 1507870 |
| 4.88%, 02/10/28 | &nbsp;&nbsp; 3120 | 3169443 |
| 4.90%, 07/29/45 | &nbsp;&nbsp; 1826 | 1600888 |
| 4.90%, 08/05/52 | &nbsp;&nbsp; 3550 | 2995745 |
| 4.95%, 03/25/60 | &nbsp;&nbsp; 1561 | 1292323 |
| 5.00%, 02/21/31 | &nbsp;&nbsp; 935 | 962256 |
| 5.05%, 08/05/62 | &nbsp;&nbsp; 2095 | 1743800 |
| 5.13%, 02/10/30 | &nbsp;&nbsp; 2440 | 2518765 |
| 5.15%, 02/21/34<sup>(a)</sup> | &nbsp;&nbsp; 1650 | 1687656 |
| 5.20%, 02/10/33<sup>(a)</sup> | &nbsp;&nbsp; 4275 | 4407751 |
| 5.60%, 02/21/54<sup>(a)</sup> | &nbsp;&nbsp; 2170 | 2049340 |
| 5.63%, 02/10/43 | &nbsp;&nbsp; 2015 | 1974632 |
| 5.70%, 02/10/53 | &nbsp;&nbsp; 3780 | 3590020 |
| 5.90%, 02/10/63 | &nbsp;&nbsp; 1330 | 1279699 |
| KLA Corp. |  |  |
| 3.30%, 03/01/50 | &nbsp;&nbsp; 934 | 663230 |
| 4.10%, 03/15/29 | &nbsp;&nbsp; 1818 | 1828931 |
| 4.65%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1900 | 1948547 |
| 4.70%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 970 | 984794 |
| 4.95%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 2513 | 2328379 |
| 5.00%, 03/15/49 | &nbsp;&nbsp; 742 | 694426 |
| 5.25%, 07/15/62 | &nbsp;&nbsp; 1675 | 1581901 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 5.65%, 11/01/34<sup>(a)</sup> | &nbsp;&nbsp; $493 | $528637 |
| Lam Research Corp. |  |  |
| 1.90%, 06/15/30 | &nbsp;&nbsp; 2119 | 1947787 |
| 2.88%, 06/15/50 | &nbsp;&nbsp; 523 | 345148 |
| 3.13%, 06/15/60 | &nbsp;&nbsp; 1006 | 638970 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 2094 | 2102915 |
| 4.88%, 03/15/49 | &nbsp;&nbsp; 1380 | 1284729 |
| Marvell Technology, Inc. |  |  |
| 2.45%, 04/15/28 | &nbsp;&nbsp; 1810 | 1752144 |
| 2.95%, 04/15/31 | &nbsp;&nbsp; 1595 | 1490801 |
| 4.75%, 07/15/30 | &nbsp;&nbsp; 1015 | 1034781 |
| 4.88%, 06/22/28 | &nbsp;&nbsp; 1058 | 1078307 |
| 5.45%, 07/15/35 | &nbsp;&nbsp; 860 | 895290 |
| 5.75%, 02/15/29 | &nbsp;&nbsp; 1100 | 1149497 |
| 5.95%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 740 | 795004 |
| Microchip Technology, Inc. |  |  |
| 4.90%, 03/15/28 | &nbsp;&nbsp; 1530 | 1555316 |
| 5.05%, 03/15/29 | &nbsp;&nbsp; 1105 | 1133943 |
| 5.05%, 02/15/30 | &nbsp;&nbsp; 1475 | 1514692 |
| Micron Technology, Inc. |  |  |
| 2.70%, 04/15/32 | &nbsp;&nbsp; 2418 | 2210625 |
| 3.37%, 11/01/41 | &nbsp;&nbsp; 544 | 431251 |
| 3.48%, 11/01/51<sup>(a)</sup> | &nbsp;&nbsp; 1085 | 795708 |
| 5.30%, 01/15/31 | &nbsp;&nbsp; 1030 | 1081800 |
| 5.65%, 11/01/32 | &nbsp;&nbsp; 1140 | 1215131 |
| 5.80%, 01/15/35 | &nbsp;&nbsp; 1460 | 1563527 |
| 5.88%, 02/09/33 | &nbsp;&nbsp; 1251 | 1347331 |
| 5.88%, 09/15/33 | &nbsp;&nbsp; 1290 | 1387776 |
| 6.05%, 11/01/35 | &nbsp;&nbsp; 2585 | 2808037 |
| NVIDIA Corp. |  |  |
| 1.55%, 06/15/28 | &nbsp;&nbsp; 3030 | 2895008 |
| 2.00%, 06/15/31 | &nbsp;&nbsp; 2800 | 2552448 |
| 2.85%, 04/01/30 | &nbsp;&nbsp; 2885 | 2775267 |
| 3.50%, 04/01/40<sup>(a)</sup> | &nbsp;&nbsp; 2207 | 1902984 |
| 3.50%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 2859 | 2182259 |
| 3.70%, 04/01/60 | &nbsp;&nbsp; 964 | 723569 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 | &nbsp;&nbsp; 1178 | 1219130 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 2.50%, 05/11/31 | &nbsp;&nbsp; 1768 | 1619295 |
| 2.65%, 02/15/32 | &nbsp;&nbsp; 1753 | 1583602 |
| 3.13%, 02/15/42 | &nbsp;&nbsp; 975 | 723772 |
| 3.15%, 05/01/27 | &nbsp;&nbsp; 942 | 933710 |
| 3.25%, 05/11/41 | &nbsp;&nbsp; 1845 | 1419146 |
| 3.25%, 11/30/51<sup>(a)</sup> | &nbsp;&nbsp; 1015 | 681227 |
| 3.40%, 05/01/30 | &nbsp;&nbsp; 1853 | 1795802 |
| 4.30%, 08/19/28 | &nbsp;&nbsp; 1115 | 1122461 |
| 4.30%, 06/18/29 | &nbsp;&nbsp; 2094 | 2106366 |
| 4.40%, 06/01/27 | &nbsp;&nbsp; 949 | 953728 |
| 4.85%, 08/19/32<sup>(a)</sup> | &nbsp;&nbsp; 1193 | 1213674 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 1409 | 1442018 |
| 5.25%, 08/19/35<sup>(a)</sup> | &nbsp;&nbsp; 975 | 995961 |
| Qorvo, Inc. |  |  |
| 3.38%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 1457 | 1342804 |
| 4.38%, 10/15/29 | &nbsp;&nbsp; 1610 | 1584837 |
| QUALCOMM, Inc. |  |  |
| 1.30%, 05/20/28 | &nbsp;&nbsp; 2342 | 2222890 |
| 1.65%, 05/20/32<sup>(a)</sup> | &nbsp;&nbsp; 2066 | 1785939 |
| 2.15%, 05/20/30 | &nbsp;&nbsp; 2510 | 2334585 |
| 3.25%, 05/20/27 | &nbsp;&nbsp; 3564 | 3545570 |
| 3.25%, 05/20/50 | &nbsp;&nbsp; 839 | 586905 |
| 4.25%, 05/20/32 | &nbsp;&nbsp; 955 | 961245 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 4.30%, 05/20/47 | &nbsp;&nbsp; $3245 | $2755385 |
| 4.50%, 05/20/30 | &nbsp;&nbsp; 870 | 887341 |
| 4.50%, 05/20/52 | &nbsp;&nbsp; 1626 | 1379044 |
| 4.65%, 05/20/35<sup>(a)</sup> | &nbsp;&nbsp; 882 | 891389 |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 1090 | 1120424 |
| 4.80%, 05/20/45 | &nbsp;&nbsp; 2760 | 2547596 |
| 5.00%, 05/20/35<sup>(a)</sup> | &nbsp;&nbsp; 1445 | 1482548 |
| 5.40%, 05/20/33 | &nbsp;&nbsp; 1620 | 1727614 |
| 6.00%, 05/20/53<sup>(a)</sup> | &nbsp;&nbsp; 2280 | 2411000 |
| SK Hynix, Inc. |  |  |
| 2.38%, 01/19/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2220 | 2061841 |
| 4.25%, 09/11/28<sup>(b)</sup> | &nbsp;&nbsp; 80 | 80654 |
| 5.50%, 01/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1045 | 1088617 |
| 6.38%, 01/17/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1002 | 1046467 |
| 6.50%, 01/17/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1085 | 1221566 |
| Skyworks Solutions, Inc., 3.00%, 06/01/31 | &nbsp;&nbsp; 1037 | 944218 |
| Texas Instruments, Inc. |  |  |
| 1.75%, 05/04/30 | &nbsp;&nbsp; 1395 | 1281424 |
| 1.90%, 09/15/31 | &nbsp;&nbsp; 1100 | 988297 |
| 2.25%, 09/04/29 | &nbsp;&nbsp; 1370 | 1301215 |
| 2.70%, 09/15/51<sup>(a)</sup> | &nbsp;&nbsp; 890 | 555735 |
| 2.90%, 11/03/27 | &nbsp;&nbsp; 1279 | 1264034 |
| 3.65%, 08/16/32 | &nbsp;&nbsp; 790 | 768334 |
| 3.88%, 03/15/39 | &nbsp;&nbsp; 1457 | 1316572 |
| 4.10%, 08/16/52 | &nbsp;&nbsp; 695 | 563566 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 2939 | 2472009 |
| 4.50%, 05/23/30 | &nbsp;&nbsp; 1265 | 1291220 |
| 4.60%, 02/15/28 | &nbsp;&nbsp; 1250 | 1270525 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 1335 | 1367761 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 895 | 924267 |
| 4.90%, 03/14/33 | &nbsp;&nbsp; 1671 | 1735994 |
| 5.00%, 03/14/53 | &nbsp;&nbsp; 1230 | 1151803 |
| 5.05%, 05/18/63 | &nbsp;&nbsp; 2977 | 2714992 |
| 5.10%, 05/23/35 | &nbsp;&nbsp; 795 | 827773 |
| 5.15%, 02/08/54<sup>(a)</sup> | &nbsp;&nbsp; 715 | 688262 |
| TSMC Arizona Corp. |  |  |
| 2.50%, 10/25/31 | &nbsp;&nbsp; 2310 | 2138766 |
| 3.13%, 10/25/41<sup>(a)</sup> | &nbsp;&nbsp; 1495 | 1259826 |
| 3.25%, 10/25/51<sup>(a)</sup> | &nbsp;&nbsp; 2320 | 1826382 |
| 3.88%, 04/22/27 | &nbsp;&nbsp; 1580 | 1581253 |
| 4.13%, 04/22/29 | &nbsp;&nbsp; 795 | 799650 |
| 4.25%, 04/22/32<sup>(a)</sup> | &nbsp;&nbsp; 1115 | 1130114 |
| 4.50%, 04/22/52<sup>(a)</sup> | &nbsp;&nbsp; 1375 | 1343598 |
| TSMC Global Ltd. |  |  |
| 1.00%, 09/28/27<sup>(b)</sup> | &nbsp;&nbsp; 1540 | 1474450 |
| 1.38%, 09/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2146 | 1919330 |
| 1.75%, 04/23/28<sup>(b)</sup> | &nbsp;&nbsp; 2370 | 2271326 |
| 2.25%, 04/23/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2590 | 2383648 |
| 4.38%, 07/22/27<sup>(b)</sup> | &nbsp;&nbsp; 270 | 271924 |
| 4.63%, 07/22/32<sup>(b)</sup> | &nbsp;&nbsp; 455 | 470736 |
| Xilinx, Inc., 2.38%, 06/01/30 | &nbsp;&nbsp; 1513 | 1418965 |
|  |  | 379309140 |
| **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** |
| Huntington Ingalls Industries, Inc. |  |  |
| 2.04%, 08/16/28 | &nbsp;&nbsp; 1565 | 1493655 |
| 3.48%, 12/01/27 | &nbsp;&nbsp; 282 | 279703 |
| 4.20%, 05/01/30 | &nbsp;&nbsp; 1192 | 1189717 |
| 5.35%, 01/15/30 | &nbsp;&nbsp; 1250 | 1297042 |
| 5.75%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 990 | 1058991 |
|  |  | 5319108 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software — 2.4%** | **Software — 2.4%** | **Software — 2.4%** |
| Adobe, Inc. |  |  |
| 2.30%, 02/01/30 | &nbsp;&nbsp; $2528 | $2368673 |
| 4.75%, 01/17/28 | &nbsp;&nbsp; 1429 | 1456297 |
| 4.80%, 04/04/29 | &nbsp;&nbsp; 1657 | 1701233 |
| 4.85%, 04/04/27 | &nbsp;&nbsp; 845 | 854730 |
| 4.95%, 01/17/30 | &nbsp;&nbsp; 550 | 568612 |
| 4.95%, 04/04/34 | &nbsp;&nbsp; 1345 | 1379323 |
| 5.30%, 01/17/35 | &nbsp;&nbsp; 890 | 931198 |
| Atlassian Corp. |  |  |
| 5.25%, 05/15/29 | &nbsp;&nbsp; 1210 | 1231365 |
| 5.50%, 05/15/34 | &nbsp;&nbsp; 965 | 963101 |
| Autodesk, Inc. |  |  |
| 2.40%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1730 | 1551062 |
| 2.85%, 01/15/30 | &nbsp;&nbsp; 1473 | 1403153 |
| 3.50%, 06/15/27 | &nbsp;&nbsp; 1159 | 1152037 |
| 5.30%, 06/15/35 | &nbsp;&nbsp; 860 | 881156 |
| Broadridge Financial Solutions, Inc. |  |  |
| 2.60%, 05/01/31 | &nbsp;&nbsp; 1791 | 1623599 |
| 2.90%, 12/01/29 | &nbsp;&nbsp; 1736 | 1644917 |
| Cadence Design Systems, Inc. |  |  |
| 4.20%, 09/10/27 | &nbsp;&nbsp; 965 | 969713 |
| 4.30%, 09/10/29 | &nbsp;&nbsp; 1805 | 1823367 |
| 4.70%, 09/10/34 | &nbsp;&nbsp; 1150 | 1159972 |
| Concentrix Corp. |  |  |
| 6.50%, 03/01/29 | &nbsp;&nbsp; 385 | 380525 |
| 6.60%, 08/02/28<sup>(a)</sup> | &nbsp;&nbsp; 1690 | 1704720 |
| 6.85%, 08/02/33<sup>(a)</sup> | &nbsp;&nbsp; 1010 | 971158 |
| Constellation Software, Inc., 5.16%, <br> 02/16/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1020 | 1036779 |
| Constellation Software, Inc./Canada, 5.46%, <br> 02/16/34<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 660 | 657873 |
| Fidelity National Information Services, Inc. |  |  |
| 1.65%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2272 | 2168024 |
| 2.25%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1256 | 1131981 |
| 3.10%, 03/01/41 | &nbsp;&nbsp; 1575 | 1170086 |
| 3.75%, 05/21/29 | &nbsp;&nbsp; 935 | 921572 |
| 4.50%, 08/15/46 | &nbsp;&nbsp; 475 | 401142 |
| 5.10%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1125 | 1144818 |
| 5.63%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 340 | 334797 |
| Series 30Y, 4.75%, 05/15/48 | &nbsp;&nbsp; 922 | 798208 |
| Fiserv, Inc. |  |  |
| 2.25%, 06/01/27 | &nbsp;&nbsp; 1638 | 1600509 |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 1933 | 1793041 |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 5645 | 5483489 |
| 4.20%, 10/01/28 | &nbsp;&nbsp; 1960 | 1960488 |
| 4.40%, 07/01/49<sup>(a)</sup> | &nbsp;&nbsp; 3805 | 3010860 |
| 4.55%, 02/15/31 | &nbsp;&nbsp; 945 | 942024 |
| 4.75%, 03/15/30 | &nbsp;&nbsp; 1795 | 1809042 |
| 5.15%, 03/15/27 | &nbsp;&nbsp; 1025 | 1034893 |
| 5.15%, 08/12/34<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 1794742 |
| 5.25%, 08/11/35<sup>(a)</sup> | &nbsp;&nbsp; 1305 | 1305543 |
| 5.35%, 03/15/31 | &nbsp;&nbsp; 1355 | 1394852 |
| 5.38%, 08/21/28 | &nbsp;&nbsp; 1660 | 1701306 |
| 5.45%, 03/02/28 | &nbsp;&nbsp; 2360 | 2414038 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 1610 | 1641517 |
| 5.60%, 03/02/33 | &nbsp;&nbsp; 1615 | 1670430 |
| 5.63%, 08/21/33 | &nbsp;&nbsp; 2610 | 2701458 |
| Intuit, Inc. |  |  |
| 1.35%, 07/15/27 | &nbsp;&nbsp; 1209 | 1169490 |
| 1.65%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1225 | 1105896 |
| 5.13%, 09/15/28 | &nbsp;&nbsp; 2222 | 2287235 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 5.20%, 09/15/33 | &nbsp;&nbsp; $2175 | $2255640 |
| 5.50%, 09/15/53<sup>(a)</sup> | &nbsp;&nbsp; 2445 | 2314025 |
| Microsoft Corp. |  |  |
| 1.35%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1044 | 943688 |
| 2.50%, 09/15/50 | &nbsp;&nbsp; 2758 | 1702419 |
| 2.53%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 10639 | 6624179 |
| 2.68%, 06/01/60 | &nbsp;&nbsp; 7307 | 4230448 |
| 2.92%, 03/17/52 | &nbsp;&nbsp; 10174 | 6777870 |
| 3.04%, 03/17/62 | &nbsp;&nbsp; 3481 | 2188163 |
| 3.40%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1013 | 1011312 |
| 3.45%, 08/08/36 | &nbsp;&nbsp; 3191 | 2946960 |
| 3.50%, 02/12/35<sup>(a)</sup> | &nbsp;&nbsp; 482 | 458092 |
| 3.50%, 11/15/42<sup>(a)</sup> | &nbsp;&nbsp; 825 | 689370 |
| 3.70%, 08/08/46 | &nbsp;&nbsp; 3520 | 2874456 |
| 3.75%, 02/12/45<sup>(a)</sup> | &nbsp;&nbsp; 1135 | 950092 |
| 3.95%, 08/08/56 | &nbsp;&nbsp; 745 | 591824 |
| 4.00%, 02/12/55<sup>(a)</sup> | &nbsp;&nbsp; 950 | 768688 |
| 4.10%, 02/06/37 | &nbsp;&nbsp; 1663 | 1627610 |
| 4.20%, 11/03/35<sup>(a)</sup> | &nbsp;&nbsp; 931 | 936701 |
| 4.25%, 02/06/47<sup>(a)</sup> | &nbsp;&nbsp; 2015 | 1792495 |
| 4.45%, 11/03/45<sup>(a)</sup> | &nbsp;&nbsp; 1881 | 1739362 |
| 4.50%, 10/01/40<sup>(a)</sup> | &nbsp;&nbsp; 1036 | 1024470 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 962 | 884243 |
| 4.50%, 02/06/57<sup>(a)</sup> | &nbsp;&nbsp; 1205 | 1080756 |
| 4.75%, 11/03/55<sup>(a)</sup> | &nbsp;&nbsp; 685 | 630116 |
| 5.20%, 06/01/39<sup>(a)</sup> | &nbsp;&nbsp; 1235 | 1308535 |
| 5.30%, 02/08/41 | &nbsp;&nbsp; 1277 | 1338282 |
| MSCI, Inc. |  |  |
| 3.25%, 08/15/33<sup>(b)</sup> | &nbsp;&nbsp; 1575 | 1402513 |
| 3.63%, 09/01/30<sup>(b)</sup> | &nbsp;&nbsp; 1900 | 1818077 |
| 3.63%, 11/01/31<sup>(b)</sup> | &nbsp;&nbsp; 1685 | 1584070 |
| 3.88%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1330 | 1275390 |
| 4.00%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2700 | 2647694 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 575 | 569777 |
| 5.25%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1795 | 1797265 |
| Open Text Corp., 6.90%, 12/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1386 | 1422335 |
| Oracle Corp. |  |  |
| 2.30%, 03/25/28 | &nbsp;&nbsp; 4919 | 4714928 |
| 2.80%, 04/01/27 | &nbsp;&nbsp; 3675 | 3620915 |
| 2.88%, 03/25/31 | &nbsp;&nbsp; 6217 | 5650457 |
| 2.95%, 04/01/30 | &nbsp;&nbsp; 7009 | 6522742 |
| 3.25%, 11/15/27 | &nbsp;&nbsp; 4985 | 4895063 |
| 3.25%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1990 | 1872137 |
| 3.60%, 04/01/40 | &nbsp;&nbsp; 5864 | 4431398 |
| 3.60%, 04/01/50 | &nbsp;&nbsp; 7576 | 4738994 |
| 3.65%, 03/25/41 | &nbsp;&nbsp; 4234 | 3144633 |
| 3.80%, 11/15/37 | &nbsp;&nbsp; 3476 | 2858723 |
| 3.85%, 07/15/36 | &nbsp;&nbsp; 2332 | 1988251 |
| 3.85%, 04/01/60 | &nbsp;&nbsp; 4936 | 3002790 |
| 3.90%, 05/15/35 | &nbsp;&nbsp; 2842 | 2493940 |
| 3.95%, 03/25/51 | &nbsp;&nbsp; 6356 | 4207386 |
| 4.00%, 07/15/46 | &nbsp;&nbsp; 5407 | 3771939 |
| 4.00%, 11/15/47 | &nbsp;&nbsp; 4187 | 2887070 |
| 4.10%, 03/25/61 | &nbsp;&nbsp; 2715 | 1737909 |
| 4.13%, 05/15/45 | &nbsp;&nbsp; 3431 | 2478093 |
| 4.20%, 09/27/29 | &nbsp;&nbsp; 1890 | 1866786 |
| 4.30%, 07/08/34 | &nbsp;&nbsp; 3914 | 3588504 |
| 4.38%, 05/15/55 | &nbsp;&nbsp; 2594 | 1792991 |
| 4.45%, 09/26/30 | &nbsp;&nbsp; 3470 | 3403215 |
| 4.50%, 05/06/28 | &nbsp;&nbsp; 1415 | 1423421 |
| 4.50%, 07/08/44 | &nbsp;&nbsp; 2806 | 2164178 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 4.55%, 02/04/29 | &nbsp;&nbsp; $6275 | $6286908 |
| 4.65%, 05/06/30 | &nbsp;&nbsp; 1775 | 1771612 |
| 4.70%, 09/27/34<sup>(a)</sup> | &nbsp;&nbsp; 4080 | 3834216 |
| 4.80%, 08/03/28<sup>(a)</sup> | &nbsp;&nbsp; 2854 | 2884800 |
| 4.80%, 09/26/32 | &nbsp;&nbsp; 5340 | 5217849 |
| 4.90%, 02/06/33 | &nbsp;&nbsp; 3180 | 3108743 |
| 4.95%, 02/04/31 | &nbsp;&nbsp; 6210 | 6197280 |
| 5.20%, 09/26/35<sup>(a)</sup> | &nbsp;&nbsp; 8070 | 7798467 |
| 5.25%, 02/03/32<sup>(a)</sup> | &nbsp;&nbsp; 3360 | 3373050 |
| 5.35%, 05/04/33 | &nbsp;&nbsp; 6275 | 6296153 |
| 5.38%, 07/15/40 | &nbsp;&nbsp; 4212 | 3853335 |
| 5.38%, 09/27/54 | &nbsp;&nbsp; 2585 | 2092835 |
| 5.50%, 08/03/35 | &nbsp;&nbsp; 4000 | 3954134 |
| 5.50%, 09/27/64 | &nbsp;&nbsp; 2105 | 1664692 |
| 5.55%, 02/06/53 | &nbsp;&nbsp; 4305 | 3580025 |
| 5.70%, 02/04/36 | &nbsp;&nbsp; 4080 | 4082285 |
| 5.88%, 09/26/45 | &nbsp;&nbsp; 4820 | 4367234 |
| 5.95%, 09/26/55 | &nbsp;&nbsp; 3654 | 3215497 |
| 6.00%, 08/03/55 | &nbsp;&nbsp; 3249 | 2862071 |
| 6.10%, 09/26/65 | &nbsp;&nbsp; 3630 | 3145483 |
| 6.13%, 07/08/39 | &nbsp;&nbsp; 2304 | 2287467 |
| 6.13%, 08/03/65 | &nbsp;&nbsp; 1770 | 1537927 |
| 6.15%, 11/09/29 | &nbsp;&nbsp; 3525 | 3693459 |
| 6.25%, 11/09/32<sup>(a)</sup> | &nbsp;&nbsp; 4580 | 4836122 |
| 6.50%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 1380 | 1429825 |
| 6.55%, 02/04/46 | &nbsp;&nbsp; 7550 | 7357109 |
| 6.70%, 02/04/56 | &nbsp;&nbsp; 7265 | 7045308 |
| 6.85%, 02/04/66 | &nbsp;&nbsp; 7600 | 7280901 |
| 6.90%, 11/09/52 | &nbsp;&nbsp; 4540 | 4492832 |
| Paychex, Inc. |  |  |
| 5.10%, 04/15/30 | &nbsp;&nbsp; 3000 | 3063765 |
| 5.35%, 04/15/32 | &nbsp;&nbsp; 2930 | 3004870 |
| 5.60%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1425 | 1460833 |
| Roper Technologies, Inc. |  |  |
| 1.40%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1522 | 1463776 |
| 1.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2321 | 2038896 |
| 2.00%, 06/30/30<sup>(a)</sup> | &nbsp;&nbsp; 1342 | 1218538 |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 1309 | 1254935 |
| 4.20%, 09/15/28 | &nbsp;&nbsp; 1783 | 1787515 |
| 4.25%, 09/15/28 | &nbsp;&nbsp; 1130 | 1135089 |
| 4.45%, 09/15/30 | &nbsp;&nbsp; 1245 | 1252438 |
| 4.50%, 10/15/29 | &nbsp;&nbsp; 925 | 936594 |
| 4.75%, 02/15/32 | &nbsp;&nbsp; 940 | 948334 |
| 4.90%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1965 | 1953148 |
| 5.10%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 950 | 948344 |
| Salesforce, Inc. |  |  |
| 1.50%, 07/15/28 | &nbsp;&nbsp; 2256 | 2135905 |
| 1.95%, 07/15/31 | &nbsp;&nbsp; 3020 | 2685572 |
| 2.70%, 07/15/41 | &nbsp;&nbsp; 2503 | 1777791 |
| 2.90%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 3918 | 2398065 |
| 3.05%, 07/15/61<sup>(a)</sup> | &nbsp;&nbsp; 1990 | 1158764 |
| 3.70%, 04/11/28 | &nbsp;&nbsp; 2347 | 2341706 |
| ServiceNow, Inc., 1.40%, 09/01/30 | &nbsp;&nbsp; 2693 | 2385563 |
| Synopsys, Inc. |  |  |
| 4.55%, 04/01/27 | &nbsp;&nbsp; 1980 | 1994782 |
| 4.65%, 04/01/28 | &nbsp;&nbsp; 1585 | 1605186 |
| 4.85%, 04/01/30 | &nbsp;&nbsp; 3895 | 3988367 |
| 5.00%, 04/01/32 | &nbsp;&nbsp; 2205 | 2273500 |
| 5.15%, 04/01/35 | &nbsp;&nbsp; 3685 | 3773821 |
| 5.70%, 04/01/55 | &nbsp;&nbsp; 3675 | 3672876 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Take-Two Interactive Software, Inc. |  |  |
| 3.70%, 04/14/27 | &nbsp;&nbsp; $1180 | $1176844 |
| 4.00%, 04/14/32<sup>(a)</sup> | &nbsp;&nbsp; 520 | 507542 |
| 4.95%, 03/28/28 | &nbsp;&nbsp; 2590 | 2634318 |
| 5.40%, 06/12/29 | &nbsp;&nbsp; 880 | 912110 |
| 5.60%, 06/12/34<sup>(a)</sup> | &nbsp;&nbsp; 280 | 291767 |
| VMware LLC |  |  |
| 1.80%, 08/15/28 | &nbsp;&nbsp; 1653 | 1571929 |
| 2.20%, 08/15/31 | &nbsp;&nbsp; 2670 | 2391945 |
| 4.70%, 05/15/30 | &nbsp;&nbsp; 1715 | 1753402 |
| Workday, Inc. |  |  |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 1642 | 1633108 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 1455 | 1431403 |
| 3.80%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 2270 | 2153254 |
|  |  | 405433638 |
| **Telecommunications — 3.9%** | **Telecommunications — 3.9%** | **Telecommunications — 3.9%** |
| America Movil SAB de CV |  |  |
| 2.88%, 05/07/30 | &nbsp;&nbsp; 2640 | 2507914 |
| 3.63%, 04/22/29 | &nbsp;&nbsp; 2640 | 2602498 |
| 4.38%, 07/16/42 | &nbsp;&nbsp; 2140 | 1912509 |
| 4.38%, 04/22/49<sup>(a)</sup> | &nbsp;&nbsp; 1227 | 1050108 |
| 4.70%, 07/21/32 | &nbsp;&nbsp; 2065 | 2099758 |
| 5.00%, 01/20/33 | &nbsp;&nbsp; 155 | 159157 |
| 6.13%, 11/15/37 | &nbsp;&nbsp; 635 | 695367 |
| 6.13%, 03/30/40 | &nbsp;&nbsp; 3790 | 4118573 |
| 6.38%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 2019081 |
| AT&T, Inc. |  |  |
| 1.65%, 02/01/28 | &nbsp;&nbsp; 4518 | 4332559 |
| 2.25%, 02/01/32 | &nbsp;&nbsp; 4805 | 4291350 |
| 2.30%, 06/01/27 | &nbsp;&nbsp; 4197 | 4117005 |
| 2.55%, 12/01/33 | &nbsp;&nbsp; 6884 | 5970305 |
| 2.75%, 06/01/31 | &nbsp;&nbsp; 5132 | 4781805 |
| 3.10%, 02/01/43<sup>(a)</sup> | &nbsp;&nbsp; 1063 | 794986 |
| 3.30%, 02/01/52 | &nbsp;&nbsp; 1740 | 1149003 |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 5659 | 4541489 |
| 3.50%, 09/15/53 | &nbsp;&nbsp; 14898 | 10162940 |
| 3.50%, 02/01/61 | &nbsp;&nbsp; 1130 | 732908 |
| 3.55%, 09/15/55 | &nbsp;&nbsp; 12610 | 8537230 |
| 3.65%, 06/01/51 | &nbsp;&nbsp; 5314 | 3807714 |
| 3.65%, 09/15/59 | &nbsp;&nbsp; 10669 | 7181174 |
| 3.80%, 12/01/57 | &nbsp;&nbsp; 9593 | 6730023 |
| 3.85%, 06/01/60 | &nbsp;&nbsp; 2445 | 1707446 |
| 4.10%, 02/15/28 | &nbsp;&nbsp; 3690 | 3701105 |
| 4.30%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6340 | 6400167 |
| 4.30%, 12/15/42 | &nbsp;&nbsp; 3183 | 2746677 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 6400 | 6472015 |
| 4.35%, 06/15/45 | &nbsp;&nbsp; 2095 | 1761592 |
| 4.40%, 04/30/31<sup>(a)</sup> | &nbsp;&nbsp; 450 | 454154 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 4770 | 4648652 |
| 4.50%, 03/09/48 | &nbsp;&nbsp; 3005 | 2522377 |
| 4.55%, 11/01/32 | &nbsp;&nbsp; 2505 | 2521289 |
| 4.55%, 03/09/49 | &nbsp;&nbsp; 1815 | 1525173 |
| 4.65%, 06/01/44 | &nbsp;&nbsp; 951 | 839891 |
| 4.70%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2320 | 2378739 |
| 4.75%, 04/30/33<sup>(a)</sup> | &nbsp;&nbsp; 450 | 456144 |
| 4.75%, 05/15/46 | &nbsp;&nbsp; 3210 | 2824044 |
| 4.80%, 06/15/44 | &nbsp;&nbsp; 1177 | 1052885 |
| 4.85%, 03/01/39 | &nbsp;&nbsp; 1704 | 1639477 |
| 4.85%, 07/15/45<sup>(a)</sup> | &nbsp;&nbsp; 775 | 698961 |
| 4.90%, 11/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2165 | 2169249 |
| 4.90%, 08/15/37 | &nbsp;&nbsp; 1651 | 1629098 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.13%, 04/30/36 | &nbsp;&nbsp; $450 | $456630 |
| 5.15%, 03/15/42 | &nbsp;&nbsp; 786 | 755840 |
| 5.15%, 11/15/46 | &nbsp;&nbsp; 1615 | 1501874 |
| 5.15%, 02/15/50 | &nbsp;&nbsp; 1133 | 1025935 |
| 5.25%, 03/01/37 | &nbsp;&nbsp; 2845 | 2910213 |
| 5.35%, 09/01/40 | &nbsp;&nbsp; 1101 | 1098201 |
| 5.38%, 08/15/35 | &nbsp;&nbsp; 2405 | 2498051 |
| 5.40%, 02/15/34 | &nbsp;&nbsp; 5074 | 5318304 |
| 5.45%, 03/01/47<sup>(a)</sup> | &nbsp;&nbsp; 1403 | 1346891 |
| 5.55%, 08/15/41<sup>(a)</sup> | &nbsp;&nbsp; 983 | 984250 |
| 5.55%, 11/01/45 | &nbsp;&nbsp; 2705 | 2662389 |
| 5.65%, 02/15/47<sup>(a)</sup> | &nbsp;&nbsp; 1065 | 1079056 |
| 5.70%, 11/01/54 | &nbsp;&nbsp; 2495 | 2420727 |
| 5.70%, 03/01/57<sup>(a)</sup> | &nbsp;&nbsp; 713 | 693178 |
| 6.00%, 08/15/40 | &nbsp;&nbsp; 1288 | 1364754 |
| 6.00%, 04/30/56 | &nbsp;&nbsp; 800 | 806904 |
| 6.05%, 08/15/56 | &nbsp;&nbsp; 3010 | 3063728 |
| 6.15%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 605 | 657725 |
| 6.25%, 03/29/41<sup>(a)</sup> | &nbsp;&nbsp; 650 | 688088 |
| 6.30%, 01/15/38<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 1097933 |
| 6.38%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 1563 | 1701616 |
| 6.55%, 02/15/39<sup>(a)</sup> | &nbsp;&nbsp; 692 | 772644 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 3.65%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 897 | 651262 |
| 4.30%, 07/29/49 | &nbsp;&nbsp; 304 | 250383 |
| 4.46%, 04/01/48 | &nbsp;&nbsp; 2123 | 1799298 |
| 5.10%, 05/11/33<sup>(a)</sup> | &nbsp;&nbsp; 1985 | 2041943 |
| 5.20%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1485 | 1529541 |
| 5.55%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1685 | 1653794 |
| Series US-4, 3.65%, 03/17/51<sup>(a)</sup> | &nbsp;&nbsp; 911 | 672054 |
| Series US-5, 2.15%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 990 | 872072 |
| Bharti Airtel Ltd., 3.25%, 06/03/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 555 | 531728 |
| British Telecommunications PLC |  |  |
| 3.25%, 11/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2012 | 1951092 |
| 4.25%, 11/08/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 960 | 799078 |
| 5.13%, 12/04/28 | &nbsp;&nbsp; 2160 | 2217260 |
| 9.63%, 12/15/30 | &nbsp;&nbsp; 4599 | 5626600 |
| Cisco Systems, Inc. |  |  |
| 4.55%, 02/24/28<sup>(a)</sup> | &nbsp;&nbsp; 1830 | 1858746 |
| 4.75%, 02/24/30 | &nbsp;&nbsp; 2225 | 2294732 |
| 4.85%, 02/26/29 | &nbsp;&nbsp; 4715 | 4855628 |
| 4.95%, 02/26/31 | &nbsp;&nbsp; 4805 | 5002097 |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 1795 | 1869464 |
| 5.05%, 02/26/34 | &nbsp;&nbsp; 3705 | 3845510 |
| 5.10%, 02/24/35<sup>(a)</sup> | &nbsp;&nbsp; 2100 | 2179584 |
| 5.30%, 02/26/54<sup>(a)</sup> | &nbsp;&nbsp; 3700 | 3599599 |
| 5.35%, 02/26/64 | &nbsp;&nbsp; 2105 | 2015090 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 3490 | 3664068 |
| 5.50%, 02/24/55 | &nbsp;&nbsp; 845 | 849409 |
| 5.90%, 02/15/39<sup>(a)</sup> | &nbsp;&nbsp; 3871 | 4233114 |
| Corning, Inc. |  |  |
| 3.90%, 11/15/49 | &nbsp;&nbsp; 851 | 672022 |
| 4.38%, 11/15/57 | &nbsp;&nbsp; 1340 | 1119834 |
| 4.70%, 03/15/37 | &nbsp;&nbsp; 1030 | 1016977 |
| 4.75%, 03/15/42 | &nbsp;&nbsp; 710 | 668273 |
| 5.35%, 11/15/48 | &nbsp;&nbsp; 1041 | 1034442 |
| 5.45%, 11/15/79 | &nbsp;&nbsp; 1736 | 1647300 |
| 5.75%, 08/15/40 | &nbsp;&nbsp; 786 | 834174 |
| 5.85%, 11/15/68 | &nbsp;&nbsp; 618 | 613206 |
| 7.25%, 08/15/36<sup>(a)</sup> | &nbsp;&nbsp; 507 | 514487 |
| Deutsche Telekom AG, 3.63%, 01/21/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 2117 | 1569993 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Deutsche Telekom International Finance BV |  |  |
| 4.38%, 06/21/28<sup>(b)</sup> | &nbsp;&nbsp; $2820 | $2843715 |
| 4.75%, 06/21/38<sup>(a)(b)</sup> | &nbsp;&nbsp; 1016 | 1000022 |
| 4.88%, 03/06/42<sup>(b)</sup> | &nbsp;&nbsp; 1683 | 1598066 |
| 8.75%, 06/15/30 | &nbsp;&nbsp; 5864 | 6880852 |
| 9.25%, 06/01/32 | &nbsp;&nbsp; 1236 | 1557618 |
| Empresa Nacional de Telecomunicaciones SA, <br> 3.05%, 09/14/32<sup>(b)</sup><br>| &nbsp;&nbsp; 860 | 770455 |
| Juniper Networks, Inc. |  |  |
| 2.00%, 12/10/30<sup>(a)</sup> | &nbsp;&nbsp; 1138 | 1022097 |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 1069 | 1050396 |
| 5.95%, 03/15/41 | &nbsp;&nbsp; 716 | 729714 |
| Koninklijke KPN NV, 8.38%, 10/01/30 | &nbsp;&nbsp; 948 | 1111481 |
| KT Corp. |  |  |
| 4.13%, 02/02/28<sup>(b)</sup> | &nbsp;&nbsp; 160 | 160520 |
| 4.38%, 01/03/29<sup>(b)</sup> | &nbsp;&nbsp; 110 | 111407 |
| Motorola Solutions, Inc. |  |  |
| 2.30%, 11/15/30 | &nbsp;&nbsp; 1619 | 1489525 |
| 2.75%, 05/24/31 | &nbsp;&nbsp; 1640 | 1520739 |
| 4.60%, 02/23/28<sup>(a)</sup> | &nbsp;&nbsp; 1582 | 1599114 |
| 4.60%, 05/23/29 | &nbsp;&nbsp; 1449 | 1471610 |
| 4.85%, 08/15/30 | &nbsp;&nbsp; 755 | 775545 |
| 5.00%, 04/15/29 | &nbsp;&nbsp; 820 | 843174 |
| 5.20%, 08/15/32 | &nbsp;&nbsp; 825 | 861341 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 1750 | 1829139 |
| 5.50%, 09/01/44<sup>(a)</sup> | &nbsp;&nbsp; 884 | 879463 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 1090 | 1147860 |
| 5.60%, 06/01/32 | &nbsp;&nbsp; 1125 | 1194781 |
| NBN Co. Ltd. |  |  |
| 2.50%, 01/08/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1560 | 1430509 |
| 2.63%, 05/05/31<sup>(b)</sup> | &nbsp;&nbsp; 2304 | 2145919 |
| 4.00%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp; 1330 | 1332967 |
| 4.15%, 09/16/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 970 | 975578 |
| 4.25%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1120 | 1133565 |
| 5.75%, 10/06/28<sup>(b)</sup> | &nbsp;&nbsp; 1675 | 1749990 |
| Nokia OYJ |  |  |
| 4.38%, 06/12/27 | &nbsp;&nbsp; 1060 | 1059429 |
| 6.63%, 05/15/39 | &nbsp;&nbsp; 760 | 823043 |
| NTT Finance Corp. |  |  |
| 1.59%, 04/03/28<sup>(b)</sup> | &nbsp;&nbsp; 3075 | 2933389 |
| 2.07%, 04/03/31<sup>(b)</sup> | &nbsp;&nbsp; 917 | 825177 |
| 4.37%, 07/27/27<sup>(b)</sup> | &nbsp;&nbsp; 770 | 774911 |
| 4.57%, 07/16/27<sup>(b)</sup> | &nbsp;&nbsp; 1765 | 1781011 |
| 4.62%, 07/16/28<sup>(b)</sup> | &nbsp;&nbsp; 1670 | 1695229 |
| 4.88%, 07/16/30<sup>(b)</sup> | &nbsp;&nbsp; 4515 | 4632045 |
| 5.10%, 07/02/27<sup>(b)</sup> | &nbsp;&nbsp; 1325 | 1346415 |
| 5.11%, 07/02/29<sup>(b)</sup> | &nbsp;&nbsp; 1600 | 1651238 |
| 5.14%, 07/02/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2030 | 2108954 |
| 5.17%, 07/16/32<sup>(b)</sup> | &nbsp;&nbsp; 3285 | 3396174 |
| 5.50%, 07/16/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3860 | 4032768 |
| Ooredoo International Finance Ltd. |  |  |
| 2.63%, 04/08/31<sup>(b)</sup> | &nbsp;&nbsp; 1295 | 1205716 |
| 3.88%, 01/31/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1018 | 1020436 |
| 4.50%, 01/31/43<sup>(b)</sup> | &nbsp;&nbsp; 925 | 850012 |
| 4.63%, 10/10/34<sup>(b)</sup> | &nbsp;&nbsp; 460 | 466371 |
| Orange SA |  |  |
| 4.00%, 01/13/29<sup>(b)</sup> | &nbsp;&nbsp; 870 | 872706 |
| 4.25%, 01/13/31<sup>(b)</sup> | &nbsp;&nbsp; 70 | 70114 |
| 4.75%, 01/13/33<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40466 |
| 5.00%, 01/13/36<sup>(b)</sup> | &nbsp;&nbsp; 850 | 853738 |
| 5.38%, 01/13/42 | &nbsp;&nbsp; 1766 | 1757074 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.50%, 02/06/44 | &nbsp;&nbsp; $1130 | $1140423 |
| 9.00%, 03/01/31 | &nbsp;&nbsp; 4303 | 5191292 |
| Rogers Communications, Inc. |  |  |
| 3.20%, 03/15/27 | &nbsp;&nbsp; 2231 | 2214664 |
| 3.70%, 11/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1524 | 1150987 |
| 3.80%, 03/15/32 | &nbsp;&nbsp; 3901 | 3733981 |
| 4.30%, 02/15/48 | &nbsp;&nbsp; 1322 | 1079015 |
| 4.35%, 05/01/49<sup>(a)</sup> | &nbsp;&nbsp; 415 | 338242 |
| 4.50%, 03/15/42 | &nbsp;&nbsp; 1448 | 1265744 |
| 4.50%, 03/15/43 | &nbsp;&nbsp; 1068 | 916465 |
| 4.55%, 03/15/52 | &nbsp;&nbsp; 4030 | 3290708 |
| 5.00%, 02/15/29 | &nbsp;&nbsp; 2623 | 2683417 |
| 5.00%, 03/15/44 | &nbsp;&nbsp; 393 | 357000 |
| 5.30%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 1905 | 1946812 |
| 5.45%, 10/01/43 | &nbsp;&nbsp; 1156 | 1108362 |
| 7.50%, 08/15/38 | &nbsp;&nbsp; 795 | 933395 |
| Saudi Telecom Co., 3.89%, 05/13/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1477 | 1462588 |
| SK Telecom Co. Ltd., 6.63%, 07/20/27<sup>(b)</sup> | &nbsp;&nbsp; 125 | 129367 |
| SoftBank Corp. |  |  |
| 4.70%, 07/09/30<sup>(b)</sup> | &nbsp;&nbsp; 745 | 755766 |
| 5.33%, 07/09/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 635 | 646619 |
| Sprint Capital Corp. |  |  |
| 6.88%, 11/15/28 | &nbsp;&nbsp; 4030 | 4323177 |
| 8.75%, 03/15/32 | &nbsp;&nbsp; 3595 | 4394395 |
| STC Sukuk Co. II Ltd. |  |  |
| 4.49%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1000 | 1002563 |
| 5.08%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 2200 | 2230963 |
| Telefonica Emisiones SA |  |  |
| 4.10%, 03/08/27 | &nbsp;&nbsp; 2073 | 2074821 |
| 4.67%, 03/06/38<sup>(a)</sup> | &nbsp;&nbsp; 560 | 520641 |
| 4.90%, 03/06/48 | &nbsp;&nbsp; 2176 | 1870557 |
| 5.21%, 03/08/47<sup>(a)</sup> | &nbsp;&nbsp; 4587 | 4128393 |
| 5.52%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 2323 | 2170339 |
| 7.05%, 06/20/36 | &nbsp;&nbsp; 3772 | 4268752 |
| Telefonica Europe BV, 8.25%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2390 | 2762514 |
| TELUS Corp. |  |  |
| 3.40%, 05/13/32<sup>(a)</sup> | &nbsp;&nbsp; 996 | 931275 |
| 3.70%, 09/15/27 | &nbsp;&nbsp; 1067 | 1061098 |
| 4.30%, 06/15/49 | &nbsp;&nbsp; 875 | 715066 |
| 4.60%, 11/16/48<sup>(a)</sup> | &nbsp;&nbsp; 1020 | 886384 |
| T-Mobile USA, Inc. |  |  |
| 2.05%, 02/15/28 | &nbsp;&nbsp; 3089 | 2983579 |
| 2.25%, 11/15/31 | &nbsp;&nbsp; 1642 | 1474584 |
| 2.40%, 03/15/29 | &nbsp;&nbsp; 2260 | 2159010 |
| 2.55%, 02/15/31 | &nbsp;&nbsp; 6102 | 5648545 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 3262 | 3139173 |
| 2.70%, 03/15/32 | &nbsp;&nbsp; 1920 | 1749156 |
| 2.88%, 02/15/31 | &nbsp;&nbsp; 2760 | 2591526 |
| 3.00%, 02/15/41 | &nbsp;&nbsp; 4776 | 3633671 |
| 3.30%, 02/15/51 | &nbsp;&nbsp; 5162 | 3520797 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 4216 | 4139557 |
| 3.40%, 10/15/52 | &nbsp;&nbsp; 4875 | 3324669 |
| 3.50%, 04/15/31 | &nbsp;&nbsp; 4445 | 4294163 |
| 3.60%, 11/15/60 | &nbsp;&nbsp; 2361 | 1588761 |
| 3.75%, 04/15/27 | &nbsp;&nbsp; 6334 | 6323978 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 12707 | 12609314 |
| 4.20%, 10/01/29 | &nbsp;&nbsp; 1235 | 1244945 |
| 4.38%, 04/15/40 | &nbsp;&nbsp; 3506 | 3201649 |
| 4.50%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 5659 | 4748307 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 1090 | 1097870 |
| 4.70%, 01/15/35 | &nbsp;&nbsp; 2335 | 2322303 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 4.80%, 07/15/28 | &nbsp;&nbsp; $2575 | $2625011 |
| 4.85%, 01/15/29 | &nbsp;&nbsp; 2135 | 2187248 |
| 4.95%, 03/15/28 | &nbsp;&nbsp; 2195 | 2240024 |
| 4.95%, 11/15/35 | &nbsp;&nbsp; 1935 | 1952799 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 2630 | 2646886 |
| 5.05%, 07/15/33 | &nbsp;&nbsp; 4535 | 4677981 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 1345 | 1397126 |
| 5.15%, 04/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2051 | 2119448 |
| 5.20%, 01/15/33 | &nbsp;&nbsp; 2520 | 2623570 |
| 5.25%, 06/15/55<sup>(a)</sup> | &nbsp;&nbsp; 2095 | 1932277 |
| 5.30%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1545 | 1599999 |
| 5.50%, 01/15/55 | &nbsp;&nbsp; 1468 | 1400096 |
| 5.65%, 01/15/53 | &nbsp;&nbsp; 3346 | 3275421 |
| 5.70%, 01/15/56<sup>(a)</sup> | &nbsp;&nbsp; 2400 | 2366722 |
| 5.75%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2165 | 2314342 |
| 5.75%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 2692 | 2674904 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 995 | 992594 |
| 5.85%, 02/15/56<sup>(a)</sup> | &nbsp;&nbsp; 1700 | 1706861 |
| 5.88%, 11/15/55 | &nbsp;&nbsp; 2275 | 2297962 |
| 6.00%, 06/15/54 | &nbsp;&nbsp; 950 | 973615 |
| 6.70%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp; 590 | 667686 |
| Verizon Communications, Inc. |  |  |
| 1.50%, 09/18/30<sup>(a)</sup> | &nbsp;&nbsp; 1912 | 1709321 |
| 1.68%, 10/30/30 | &nbsp;&nbsp; 2173 | 1949585 |
| 1.75%, 01/20/31 | &nbsp;&nbsp; 4897 | 4379026 |
| 2.10%, 03/22/28 | &nbsp;&nbsp; 5078 | 4906858 |
| 2.36%, 03/15/32 | &nbsp;&nbsp; 7675 | 6853707 |
| 2.55%, 03/21/31 | &nbsp;&nbsp; 6493 | 6007617 |
| 2.65%, 11/20/40 | &nbsp;&nbsp; 6832 | 4978308 |
| 2.85%, 09/03/41 | &nbsp;&nbsp; 2790 | 2044561 |
| 2.88%, 11/20/50<sup>(a)</sup> | &nbsp;&nbsp; 4133 | 2613922 |
| 2.99%, 10/30/56<sup>(a)</sup> | &nbsp;&nbsp; 5106 | 3112234 |
| 3.00%, 11/20/60<sup>(a)</sup> | &nbsp;&nbsp; 3493 | 2084229 |
| 3.15%, 03/22/30 | &nbsp;&nbsp; 2588 | 2504629 |
| 3.40%, 03/22/41 | &nbsp;&nbsp; 6363 | 5066151 |
| 3.55%, 03/22/51<sup>(a)</sup> | &nbsp;&nbsp; 6755 | 4895120 |
| 3.70%, 03/22/61 | &nbsp;&nbsp; 5852 | 4048381 |
| 3.85%, 11/01/42<sup>(a)</sup> | &nbsp;&nbsp; 1299 | 1072230 |
| 3.88%, 02/08/29 | &nbsp;&nbsp; 2053 | 2055504 |
| 3.88%, 03/01/52<sup>(a)</sup> | &nbsp;&nbsp; 2222 | 1676819 |
| 4.00%, 03/22/50 | &nbsp;&nbsp; 2435 | 1917894 |
| 4.02%, 12/03/29 | &nbsp;&nbsp; 6095 | 6103914 |
| 4.13%, 08/15/46<sup>(a)</sup> | &nbsp;&nbsp; 1417 | 1161568 |
| 4.27%, 01/15/36 | &nbsp;&nbsp; 2590 | 2462910 |
| 4.33%, 09/21/28<sup>(a)</sup> | &nbsp;&nbsp; 5868 | 5930473 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 3135 | 3072848 |
| 4.50%, 08/10/33 | &nbsp;&nbsp; 4447 | 4435743 |
| 4.52%, 09/15/48 | &nbsp;&nbsp; 2420 | 2055423 |
| 4.67%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1465 | 1237004 |
| 4.75%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1625 | 1647985 |
| 4.75%, 11/01/41 | &nbsp;&nbsp; 1320 | 1233638 |
| 4.78%, 02/15/35 | &nbsp;&nbsp; 3700 | 3684002 |
| 4.81%, 03/15/39 | &nbsp;&nbsp; 2305 | 2225500 |
| 4.86%, 08/21/46 | &nbsp;&nbsp; 4180 | 3765528 |
| 5.00%, 01/15/36 | &nbsp;&nbsp; 5590 | 5614715 |
| 5.01%, 04/15/49 | &nbsp;&nbsp; 1055 | 961613 |
| 5.01%, 08/21/54 | &nbsp;&nbsp; 1525 | 1360927 |
| 5.05%, 05/09/33 | &nbsp;&nbsp; 2140 | 2219733 |
| 5.25%, 04/02/35 | &nbsp;&nbsp; 3375 | 3474998 |
| 5.25%, 03/16/37 | &nbsp;&nbsp; 2153 | 2191151 |
| 5.40%, 07/02/37 | &nbsp;&nbsp; 3983 | 4099150 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.50%, 03/16/47 | &nbsp;&nbsp; $995 | $980461 |
| 5.50%, 02/23/54<sup>(a)</sup> | &nbsp;&nbsp; 2940 | 2867788 |
| 5.75%, 11/30/45 | &nbsp;&nbsp; 3810 | 3851430 |
| 5.85%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2055 | 2224092 |
| 5.88%, 11/30/55 | &nbsp;&nbsp; 3270 | 3291893 |
| 6.00%, 11/30/65<sup>(a)</sup> | &nbsp;&nbsp; 2375 | 2384130 |
| 6.40%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 780 | 870672 |
| 6.55%, 09/15/43<sup>(a)</sup> | &nbsp;&nbsp; 1740 | 1932562 |
| 7.75%, 12/01/30 | &nbsp;&nbsp; 410 | 472731 |
| Vodafone Group PLC |  |  |
| 4.25%, 09/17/50 | &nbsp;&nbsp; 1593 | 1279183 |
| 4.38%, 05/30/28 | &nbsp;&nbsp; 945 | 960195 |
| 4.38%, 02/19/43 | &nbsp;&nbsp; 1075 | 937187 |
| 4.88%, 06/19/49 | &nbsp;&nbsp; 2347 | 2095080 |
| 5.00%, 05/30/38 | &nbsp;&nbsp; 957 | 961132 |
| 5.13%, 06/19/59 | &nbsp;&nbsp; 20 | 18108 |
| 5.25%, 05/30/48<sup>(a)</sup> | &nbsp;&nbsp; 2386 | 2254334 |
| 5.63%, 02/10/53 | &nbsp;&nbsp; 1535 | 1492796 |
| 5.75%, 06/28/54 | &nbsp;&nbsp; 3315 | 3270003 |
| 5.75%, 02/10/63 | &nbsp;&nbsp; 695 | 673627 |
| 5.88%, 06/28/64<sup>(a)</sup> | &nbsp;&nbsp; 1850 | 1824993 |
| 6.15%, 02/27/37 | &nbsp;&nbsp; 1935 | 2133514 |
| 6.25%, 11/30/32 | &nbsp;&nbsp; 1901 | 2090025 |
| 7.88%, 02/15/30 | &nbsp;&nbsp; 1688 | 1925510 |
| Xiaomi Best Time International Ltd. |  |  |
| 2.88%, 07/14/31<sup>(b)</sup> | &nbsp;&nbsp; 1335 | 1248383 |
| 3.38%, 04/29/30<sup>(b)</sup> | &nbsp;&nbsp; 465 | 451778 |
| 4.10%, 07/14/51<sup>(b)</sup> | &nbsp;&nbsp; 830 | 663250 |
|  |  | 655440644 |
| **Toys, Games & Hobbies — 0.1%** | **Toys, Games & Hobbies — 0.1%** | **Toys, Games & Hobbies — 0.1%** |
| Hasbro, Inc. |  |  |
| 3.50%, 09/15/27 | &nbsp;&nbsp; 252 | 250452 |
| 3.90%, 11/19/29 | &nbsp;&nbsp; 1790 | 1774622 |
| 5.10%, 05/15/44 | &nbsp;&nbsp; 807 | 741340 |
| 6.05%, 05/14/34<sup>(a)</sup> | &nbsp;&nbsp; 345 | 370455 |
| 6.35%, 03/15/40 | &nbsp;&nbsp; 1029 | 1111488 |
| Mattel, Inc. |  |  |
| 3.75%, 04/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1787 | 1752167 |
| 5.00%, 11/17/30<sup>(a)</sup> | &nbsp;&nbsp; 765 | 776745 |
| 5.45%, 11/01/41<sup>(a)</sup> | &nbsp;&nbsp; 685 | 648168 |
| 5.88%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp; 1327 | 1327302 |
| 6.20%, 10/01/40<sup>(a)</sup> | &nbsp;&nbsp; 505 | 514721 |
|  |  | 9267460 |
| **Transportation — 1.7%** | **Transportation — 1.7%** | **Transportation — 1.7%** |
| AP Moller - Maersk A/S |  |  |
| 4.50%, 06/20/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1839 | 1860051 |
| 5.88%, 09/14/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1555 | 1674612 |
| Burlington Northern Santa Fe LLC |  |  |
| 2.88%, 06/15/52 | &nbsp;&nbsp; 1150 | 734518 |
| 3.05%, 02/15/51 | &nbsp;&nbsp; 996 | 668335 |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 303 | 301643 |
| 3.30%, 09/15/51 | &nbsp;&nbsp; 1772 | 1246254 |
| 3.55%, 02/15/50 | &nbsp;&nbsp; 1679 | 1254065 |
| 3.90%, 08/01/46 | &nbsp;&nbsp; 1414 | 1152396 |
| 4.05%, 06/15/48 | &nbsp;&nbsp; 1561 | 1285312 |
| 4.13%, 06/15/47 | &nbsp;&nbsp; 1285 | 1078689 |
| 4.15%, 04/01/45 | &nbsp;&nbsp; 2472 | 2111089 |
| 4.15%, 12/15/48 | &nbsp;&nbsp; 1359 | 1138320 |
| 4.38%, 09/01/42 | &nbsp;&nbsp; 1167 | 1050640 |
| 4.40%, 03/15/42 | &nbsp;&nbsp; 990 | 901607 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 4.45%, 03/15/43 | &nbsp;&nbsp; $1327 | $1200118 |
| 4.45%, 01/15/53 | &nbsp;&nbsp; 1875 | 1604256 |
| 4.55%, 09/01/44 | &nbsp;&nbsp; 1345 | 1216138 |
| 4.70%, 09/01/45 | &nbsp;&nbsp; 1342 | 1235622 |
| 4.90%, 04/01/44 | &nbsp;&nbsp; 1992 | 1897383 |
| 4.95%, 09/15/41 | &nbsp;&nbsp; 840 | 828070 |
| 5.05%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 915 | 912990 |
| 5.15%, 09/01/43 | &nbsp;&nbsp; 1277 | 1257285 |
| 5.20%, 04/15/54 | &nbsp;&nbsp; 2745 | 2624486 |
| 5.40%, 06/01/41 | &nbsp;&nbsp; 1012 | 1041529 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 2250 | 2247174 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 1225 | 1229376 |
| 5.75%, 05/01/40 | &nbsp;&nbsp; 755 | 805513 |
| 5.80%, 03/15/56 | &nbsp;&nbsp; 1720 | 1798198 |
| 6.15%, 05/01/37<sup>(a)</sup> | &nbsp;&nbsp; 1397 | 1566718 |
| 6.20%, 08/15/36 | &nbsp;&nbsp; 654 | 732407 |
| 7.95%, 08/15/30 | &nbsp;&nbsp; 560 | 651282 |
| Canadian National Railway Co. |  |  |
| 2.45%, 05/01/50 | &nbsp;&nbsp; 617 | 375599 |
| 3.20%, 08/02/46 | &nbsp;&nbsp; 1470 | 1089728 |
| 3.50%, 11/15/42<sup>(a)</sup> | &nbsp;&nbsp; 250 | 197706 |
| 3.65%, 02/03/48 | &nbsp;&nbsp; 1334 | 1036360 |
| 3.85%, 08/05/32 | &nbsp;&nbsp; 1332 | 1304946 |
| 4.20%, 03/12/31 | &nbsp;&nbsp; 1000 | 1006419 |
| 4.38%, 09/18/34<sup>(a)</sup> | &nbsp;&nbsp; 1140 | 1134632 |
| 4.40%, 08/05/52<sup>(a)</sup> | &nbsp;&nbsp; 1110 | 962649 |
| 4.45%, 01/20/49 | &nbsp;&nbsp; 916 | 798449 |
| 4.50%, 11/07/43<sup>(a)</sup> | &nbsp;&nbsp; 405 | 361583 |
| 4.75%, 11/12/35<sup>(a)</sup> | &nbsp;&nbsp; 450 | 456963 |
| 5.85%, 11/01/33 | &nbsp;&nbsp; 1045 | 1138110 |
| 6.13%, 11/01/53 | &nbsp;&nbsp; 755 | 817976 |
| 6.20%, 06/01/36 | &nbsp;&nbsp; 645 | 721610 |
| 6.25%, 08/01/34 | &nbsp;&nbsp; 931 | 1040311 |
| 6.38%, 11/15/37 | &nbsp;&nbsp; 800 | 907436 |
| 6.71%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1170 | 1327540 |
| 6.90%, 07/15/28 | &nbsp;&nbsp; 1755 | 1874142 |
| Canadian Pacific Railway Co. |  |  |
| 2.05%, 03/05/30<sup>(a)</sup> | &nbsp;&nbsp; 1657 | 1538305 |
| 2.45%, 12/02/31 | &nbsp;&nbsp; 1545 | 1406446 |
| 2.88%, 11/15/29 | &nbsp;&nbsp; 1612 | 1556138 |
| 3.00%, 12/02/41<sup>(a)</sup> | &nbsp;&nbsp; 2105 | 1611494 |
| 3.10%, 12/02/51 | &nbsp;&nbsp; 3195 | 2181480 |
| 3.50%, 05/01/50 | &nbsp;&nbsp; 564 | 416956 |
| 4.00%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1924 | 1928910 |
| 4.20%, 11/15/69 | &nbsp;&nbsp; 971 | 742118 |
| 4.30%, 05/15/43 | &nbsp;&nbsp; 1179 | 1042956 |
| 4.70%, 05/01/48 | &nbsp;&nbsp; 1166 | 1060039 |
| 4.80%, 03/30/30 | &nbsp;&nbsp; 1630 | 1677903 |
| 4.80%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 325 | 330305 |
| 4.80%, 08/01/45 | &nbsp;&nbsp; 968 | 912177 |
| 4.95%, 08/15/45 | &nbsp;&nbsp; 899 | 857417 |
| 5.20%, 03/30/35<sup>(a)</sup> | &nbsp;&nbsp; 875 | 917698 |
| 5.75%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 565 | 602994 |
| 5.75%, 01/15/42<sup>(a)</sup> | &nbsp;&nbsp; 787 | 815175 |
| 5.95%, 05/15/37<sup>(a)</sup> | &nbsp;&nbsp; 982 | 1077772 |
| 6.13%, 09/15/2115 | &nbsp;&nbsp; 1091 | 1128759 |
| 7.13%, 10/15/31 | &nbsp;&nbsp; 770 | 881683 |
| Central Japan Railway Co., 4.25%, 11/24/45<sup>(b)</sup> | &nbsp;&nbsp; 270 | 231138 |
| CH Robinson Worldwide, Inc., 4.20%, 04/15/28 | &nbsp;&nbsp; 1318 | 1321066 |
| CSX Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 971 | 916654 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 2.50%, 05/15/51 | &nbsp;&nbsp; $649 | $394843 |
| 3.25%, 06/01/27 | &nbsp;&nbsp; 1387 | 1378137 |
| 3.35%, 09/15/49 | &nbsp;&nbsp; 1205 | 867227 |
| 3.80%, 03/01/28 | &nbsp;&nbsp; 2210 | 2211724 |
| 3.80%, 11/01/46 | &nbsp;&nbsp; 1736 | 1385641 |
| 3.80%, 04/15/50 | &nbsp;&nbsp; 186 | 143953 |
| 3.95%, 05/01/50 | &nbsp;&nbsp; 903 | 713979 |
| 4.10%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1925 | 1918417 |
| 4.10%, 03/15/44 | &nbsp;&nbsp; 1533 | 1316270 |
| 4.25%, 03/15/29 | &nbsp;&nbsp; 3642 | 3689966 |
| 4.25%, 11/01/66 | &nbsp;&nbsp; 1385 | 1084497 |
| 4.30%, 03/01/48 | &nbsp;&nbsp; 1754 | 1495034 |
| 4.40%, 03/01/43<sup>(a)</sup> | &nbsp;&nbsp; 825 | 752695 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 828 | 718629 |
| 4.50%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1727 | 1497192 |
| 4.50%, 08/01/54 | &nbsp;&nbsp; 990 | 850745 |
| 4.65%, 03/01/68 | &nbsp;&nbsp; 885 | 742433 |
| 4.75%, 05/30/42 | &nbsp;&nbsp; 1140 | 1073567 |
| 4.75%, 11/15/48 | &nbsp;&nbsp; 1223 | 1104601 |
| 4.90%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 925 | 846525 |
| 5.05%, 06/15/35 | &nbsp;&nbsp; 1555 | 1603945 |
| 5.20%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 910 | 956443 |
| 5.50%, 04/15/41 | &nbsp;&nbsp; 1005 | 1045547 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 755 | 829199 |
| 6.15%, 05/01/37 | &nbsp;&nbsp; 1276 | 1417109 |
| 6.22%, 04/30/40 | &nbsp;&nbsp; 1278 | 1422338 |
| Empresa de los Ferrocarriles del Estado |  |  |
| 3.07%, 08/18/50<sup>(b)</sup> | &nbsp;&nbsp; 530 | 344667 |
| 3.83%, 09/14/61<sup>(a)(b)</sup> | &nbsp;&nbsp; 960 | 674593 |
| Empresa de Transporte de Pasajeros Metro SA |  |  |
| 3.65%, 05/07/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 915 | 888328 |
| 3.69%, 09/13/61<sup>(b)</sup> | &nbsp;&nbsp; 1140 | 822865 |
| 4.70%, 05/07/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1989 | 1769857 |
| 5.00%, 01/25/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 1202 | 1131295 |
| ENA Master Trust, 4.00%, 05/19/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 700 | 553371 |
| FedEx Corp. |  |  |
| 2.40%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1230 | 1130881 |
| 3.10%, 08/05/29 | &nbsp;&nbsp; 3265 | 3170123 |
| 3.25%, 05/15/41 | &nbsp;&nbsp; 15 | 11823 |
| 3.88%, 08/01/42 | &nbsp;&nbsp; 800 | 660849 |
| 3.90%, 02/01/35<sup>(a)</sup> | &nbsp;&nbsp; 320 | 305444 |
| 4.05%, 02/15/48 | &nbsp;&nbsp; 1768 | 1402454 |
| 4.10%, 02/01/45 | &nbsp;&nbsp; 305 | 252179 |
| 4.25%, 05/15/30 | &nbsp;&nbsp; 1825 | 1841417 |
| 4.25%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 65 | 65585 |
| 4.40%, 01/15/47 | &nbsp;&nbsp; 340 | 287315 |
| 4.55%, 04/01/46 | &nbsp;&nbsp; 1370 | 1191493 |
| 4.75%, 11/15/45 | &nbsp;&nbsp; 2357 | 2113786 |
| 4.90%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 265 | 270830 |
| 4.95%, 10/17/48 | &nbsp;&nbsp; 1385 | 1268690 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 2170 | 2068199 |
| 5.25%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1660 | 1594595 |
| Fedex Freight Holding Co., Inc. |  |  |
| 4.30%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 150 | 150341 |
| 4.65%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 150 | 150824 |
| 4.95%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29999 |
| 5.25%, 03/15/36<sup>(b)</sup> | &nbsp;&nbsp; 200 | 199381 |
| GXO Logistics, Inc. |  |  |
| 2.65%, 07/15/31 | &nbsp;&nbsp; 670 | 612926 |
| 6.25%, 05/06/29 | &nbsp;&nbsp; 1575 | 1662802 |
| 6.50%, 05/06/34<sup>(a)</sup> | &nbsp;&nbsp; 760 | 827266 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| JB Hunt Transport Services, Inc., 4.90%, <br> 03/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; $1195 | $1228230 |
| Kirby Corp., 4.20%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1009 | 1012047 |
| Misc Capital Two Labuan Ltd., 3.75%, <br> 04/06/27<sup>(b)</sup><br>| &nbsp;&nbsp; 1415 | 1410239 |
| Nakilat, Inc., 6.07%, 12/31/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 778 | 822928 |
| Norfolk Southern Corp. |  |  |
| 2.30%, 05/15/31 | &nbsp;&nbsp; 947 | 864281 |
| 2.55%, 11/01/29 | &nbsp;&nbsp; 1216 | 1158054 |
| 2.90%, 08/25/51 | &nbsp;&nbsp; 425 | 272359 |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 879 | 820911 |
| 3.05%, 05/15/50 | &nbsp;&nbsp; 712 | 476753 |
| 3.15%, 06/01/27 | &nbsp;&nbsp; 613 | 607944 |
| 3.16%, 05/15/55 | &nbsp;&nbsp; 1504 | 988114 |
| 3.40%, 11/01/49 | &nbsp;&nbsp; 969 | 694284 |
| 3.70%, 03/15/53 | &nbsp;&nbsp; 1001 | 742587 |
| 3.80%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1635 | 1633524 |
| 3.94%, 11/01/47 | &nbsp;&nbsp; 1428 | 1143720 |
| 3.95%, 10/01/42 | &nbsp;&nbsp; 1541 | 1304167 |
| 4.05%, 08/15/52 | &nbsp;&nbsp; 1571 | 1237276 |
| 4.10%, 05/15/49 | &nbsp;&nbsp; 759 | 613356 |
| 4.10%, 05/15/2121 | &nbsp;&nbsp; 750 | 523176 |
| 4.15%, 02/28/48 | &nbsp;&nbsp; 1722 | 1425965 |
| 4.45%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 900 | 905904 |
| 4.45%, 06/15/45 | &nbsp;&nbsp; 1220 | 1072005 |
| 4.55%, 06/01/53 | &nbsp;&nbsp; 1385 | 1185527 |
| 4.65%, 01/15/46 | &nbsp;&nbsp; 1245 | 1114940 |
| 4.80%, 08/15/43 | &nbsp;&nbsp; 265 | 243571 |
| 4.84%, 10/01/41<sup>(a)</sup> | &nbsp;&nbsp; 1411 | 1351477 |
| 5.05%, 08/01/30 | &nbsp;&nbsp; 1395 | 1450888 |
| 5.10%, 05/01/35 | &nbsp;&nbsp; 840 | 868254 |
| 5.10%, 08/01/2118<sup>(a)</sup> | &nbsp;&nbsp; 600 | 523420 |
| 5.35%, 08/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1945 | 1879585 |
| 5.55%, 03/15/34 | &nbsp;&nbsp; 820 | 872839 |
| 5.95%, 03/15/64 | &nbsp;&nbsp; 1020 | 1052395 |
| 7.25%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 990 | 1124944 |
| 7.80%, 05/15/27 | &nbsp;&nbsp; 770 | 805733 |
| Polar Tankers, Inc., 5.95%, 05/10/37<sup>(a)(b)</sup> | &nbsp;&nbsp; 1019 | 1105611 |
| Ryder System, Inc. |  |  |
| 2.85%, 03/01/27 | &nbsp;&nbsp; 849 | 840452 |
| 4.30%, 06/15/27 | &nbsp;&nbsp; 590 | 592044 |
| 4.30%, 12/01/30 | &nbsp;&nbsp; 400 | 401729 |
| 4.85%, 06/15/30 | &nbsp;&nbsp; 645 | 662243 |
| 4.90%, 12/01/29 | &nbsp;&nbsp; 1235 | 1268397 |
| 4.95%, 09/01/29 | &nbsp;&nbsp; 850 | 871918 |
| 5.00%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 955 | 983988 |
| 5.25%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1215 | 1248131 |
| 5.30%, 03/15/27 | &nbsp;&nbsp; 480 | 486362 |
| 5.38%, 03/15/29 | &nbsp;&nbsp; 965 | 1001399 |
| 5.50%, 06/01/29 | &nbsp;&nbsp; 760 | 792815 |
| 5.65%, 03/01/28 | &nbsp;&nbsp; 730 | 752595 |
| 6.30%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1120 | 1185516 |
| 6.60%, 12/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1155 | 1302684 |
| TTX Co. |  |  |
| 3.90%, 02/01/45<sup>(b)</sup> | &nbsp;&nbsp; 220 | 182281 |
| 4.20%, 07/01/46<sup>(a)(b)</sup> | &nbsp;&nbsp; 745 | 643108 |
| 4.60%, 02/01/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 759 | 679379 |
| 4.65%, 06/15/44<sup>(b)</sup> | &nbsp;&nbsp; 295 | 266317 |
| 5.05%, 11/15/34<sup>(b)</sup> | &nbsp;&nbsp; 995 | 1030780 |
| 5.65%, 12/01/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 525 | 537975 |
| 5.75%, 11/22/33<sup>(b)</sup> | &nbsp;&nbsp; 940 | 1006801 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| Union Pacific Corp. |  |  |
| 2.38%, 05/20/31 | &nbsp;&nbsp; $1850 | $1709702 |
| 2.40%, 02/05/30 | &nbsp;&nbsp; 1064 | 1006075 |
| 2.80%, 02/14/32 | &nbsp;&nbsp; 2405 | 2238382 |
| 2.89%, 04/06/36<sup>(a)</sup> | &nbsp;&nbsp; 1334 | 1147987 |
| 2.95%, 03/10/52 | &nbsp;&nbsp; 1600 | 1037991 |
| 2.97%, 09/16/62 | &nbsp;&nbsp; 1554 | 932099 |
| 3.00%, 04/15/27 | &nbsp;&nbsp; 1063 | 1055607 |
| 3.20%, 05/20/41 | &nbsp;&nbsp; 2021 | 1621502 |
| 3.25%, 02/05/50 | &nbsp;&nbsp; 907 | 638309 |
| 3.35%, 08/15/46 | &nbsp;&nbsp; 820 | 607849 |
| 3.38%, 02/01/35<sup>(a)</sup> | &nbsp;&nbsp; 955 | 875876 |
| 3.38%, 02/14/42 | &nbsp;&nbsp; 730 | 585932 |
| 3.50%, 02/14/53 | &nbsp;&nbsp; 2654 | 1917455 |
| 3.55%, 08/15/39 | &nbsp;&nbsp; 917 | 797238 |
| 3.55%, 05/20/61 | &nbsp;&nbsp; 1523 | 1048119 |
| 3.60%, 09/15/37<sup>(a)</sup> | &nbsp;&nbsp; 1272 | 1148517 |
| 3.70%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2441 | 2435492 |
| 3.75%, 02/05/70 | &nbsp;&nbsp; 1710 | 1182440 |
| 3.80%, 10/01/51 | &nbsp;&nbsp; 1795 | 1377893 |
| 3.80%, 04/06/71 | &nbsp;&nbsp; 1555 | 1091948 |
| 3.84%, 03/20/60 | &nbsp;&nbsp; 3407 | 2517784 |
| 3.85%, 02/14/72 | &nbsp;&nbsp; 710 | 500621 |
| 3.88%, 02/01/55 | &nbsp;&nbsp; 1050 | 803645 |
| 3.95%, 09/10/28 | &nbsp;&nbsp; 3146 | 3160372 |
| 3.95%, 08/15/59 | &nbsp;&nbsp; 995 | 753766 |
| 4.00%, 04/15/47 | &nbsp;&nbsp; 1080 | 883965 |
| 4.05%, 11/15/45 | &nbsp;&nbsp; 1030 | 859228 |
| 4.05%, 03/01/46 | &nbsp;&nbsp; 1178 | 976624 |
| 4.10%, 09/15/67 | &nbsp;&nbsp; 1052 | 792043 |
| 4.30%, 03/01/49 | &nbsp;&nbsp; 1148 | 971967 |
| 4.50%, 01/20/33<sup>(a)</sup> | &nbsp;&nbsp; 1360 | 1388156 |
| 4.50%, 09/10/48 | &nbsp;&nbsp; 867 | 758216 |
| 4.95%, 09/09/52 | &nbsp;&nbsp; 1401 | 1305831 |
| 4.95%, 05/15/53 | &nbsp;&nbsp; 830 | 766239 |
| 5.10%, 02/20/35<sup>(a)</sup> | &nbsp;&nbsp; 1630 | 1700151 |
| 5.15%, 01/20/63 | &nbsp;&nbsp; 580 | 539342 |
| 5.60%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1620 | 1640620 |
| 6.63%, 02/01/29 | &nbsp;&nbsp; 2157 | 2330323 |
| United Parcel Service of America, Inc., 7.62%, <br> 04/01/30<sup>(c)</sup><br>| &nbsp;&nbsp; 870 | 990250 |
| United Parcel Service, Inc. |  |  |
| 2.50%, 09/01/29 | &nbsp;&nbsp; 959 | 921439 |
| 3.05%, 11/15/27 | &nbsp;&nbsp; 1936 | 1919346 |
| 3.40%, 03/15/29 | &nbsp;&nbsp; 2039 | 2021853 |
| 3.40%, 11/15/46 | &nbsp;&nbsp; 945 | 711316 |
| 3.40%, 09/01/49<sup>(a)</sup> | &nbsp;&nbsp; 1098 | 797259 |
| 3.63%, 10/01/42<sup>(a)</sup> | &nbsp;&nbsp; 771 | 634699 |
| 3.75%, 11/15/47 | &nbsp;&nbsp; 1935 | 1523748 |
| 4.25%, 03/15/49 | &nbsp;&nbsp; 1529 | 1280528 |
| 4.45%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1567 | 1604409 |
| 4.65%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1205 | 1244966 |
| 4.88%, 03/03/33<sup>(a)</sup> | &nbsp;&nbsp; 1540 | 1606074 |
| 4.88%, 11/15/40 | &nbsp;&nbsp; 1439 | 1417148 |
| 5.05%, 03/03/53<sup>(a)</sup> | &nbsp;&nbsp; 1815 | 1683499 |
| 5.15%, 05/22/34<sup>(a)</sup> | &nbsp;&nbsp; 1280 | 1347762 |
| 5.20%, 04/01/40<sup>(a)</sup> | &nbsp;&nbsp; 932 | 957135 |
| 5.25%, 05/14/35<sup>(a)</sup> | &nbsp;&nbsp; 1570 | 1650020 |
| 5.30%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 2445 | 2375337 |
| 5.50%, 05/22/54 | &nbsp;&nbsp; 2600 | 2573265 |
| 5.60%, 05/22/64<sup>(a)</sup> | &nbsp;&nbsp; 980 | 966098 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 5.95%, 05/14/55<sup>(a)</sup> | &nbsp;&nbsp; $2110 | $2215815 |
| 6.05%, 05/14/65 | &nbsp;&nbsp; 1455 | 1521019 |
| 6.20%, 01/15/38<sup>(a)</sup> | &nbsp;&nbsp; 2464 | 2769149 |
| Walmart, Inc. |  |  |
| 1.50%, 09/22/28 | &nbsp;&nbsp; 3130 | 2977475 |
| 1.80%, 09/22/31<sup>(a)</sup> | &nbsp;&nbsp; 2910 | 2623974 |
| 3.95%, 09/09/27 | &nbsp;&nbsp; 1850 | 1859800 |
| XPO, Inc., 6.25%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 1485 | 1508874 |
|  |  | 282010137 |
| **Trucking & Leasing — 0.2%** | **Trucking & Leasing — 0.2%** | **Trucking & Leasing — 0.2%** |
| Avolon Holdings Funding Ltd., 4.90%, <br> 10/10/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1380 | 1399632 |
| DAE Funding LLC |  |  |
| 3.38%, 03/20/28<sup>(b)</sup> | &nbsp;&nbsp; 1120 | 1093917 |
| 4.95%, 01/15/33<sup>(b)</sup> | &nbsp;&nbsp; 1000 | 994055 |
| GATX Corp. |  |  |
| 1.90%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 715 | 635358 |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 960 | 630013 |
| 3.50%, 03/15/28 | &nbsp;&nbsp; 548 | 542499 |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 866 | 819752 |
| 3.85%, 03/30/27 | &nbsp;&nbsp; 471 | 470509 |
| 4.00%, 06/30/30 | &nbsp;&nbsp; 780 | 774893 |
| 4.50%, 03/30/45<sup>(a)</sup> | &nbsp;&nbsp; 285 | 242281 |
| 4.55%, 11/07/28 | &nbsp;&nbsp; 770 | 779828 |
| 4.70%, 04/01/29 | &nbsp;&nbsp; 795 | 809720 |
| 4.90%, 03/15/33 | &nbsp;&nbsp; 725 | 736112 |
| 5.20%, 03/15/44<sup>(a)</sup> | &nbsp;&nbsp; 590 | 568413 |
| 5.40%, 03/15/27 | &nbsp;&nbsp; 360 | 365079 |
| 5.45%, 09/15/33 | &nbsp;&nbsp; 680 | 713313 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 850 | 883226 |
| 6.05%, 03/15/34 | &nbsp;&nbsp; 915 | 993467 |
| 6.05%, 06/05/54<sup>(a)</sup> | &nbsp;&nbsp; 2025 | 2094037 |
| 6.90%, 05/01/34 | &nbsp;&nbsp; 875 | 990238 |
| Penske Truck Leasing Co. LP/PTL <br> Finance Corp.<br>|  |  |
| 3.35%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp; 963 | 932534 |
| 4.20%, 04/01/27<sup>(b)</sup> | &nbsp;&nbsp; 862 | 863712 |
| 4.40%, 07/01/27<sup>(b)</sup> | &nbsp;&nbsp; 1242 | 1247475 |
| 4.55%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 935 | 940910 |
| 5.25%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp; 830 | 856643 |
| 5.25%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp; 1825 | 1890090 |
| 5.35%, 03/30/29<sup>(b)</sup> | &nbsp;&nbsp; 1135 | 1172743 |
| 5.55%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 1975 | 2032789 |
| 5.70%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp; 1090 | 1119937 |
| 5.88%, 11/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1445 | 1485563 |
| 6.05%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp; 2185 | 2277801 |
| 6.20%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1055 | 1132206 |
| SMBC Aviation Capital Finance DAC |  |  |
| 2.30%, 06/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 610 | 586246 |
| 5.10%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 940 | 968177 |
| 5.25%, 11/26/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 875 | 890128 |
| 5.30%, 04/03/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1210 | 1249152 |
| 5.45%, 05/03/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1270 | 1303669 |
| 5.55%, 04/03/34<sup>(b)</sup> | &nbsp;&nbsp; 1555 | 1625919 |
| 5.70%, 07/25/33<sup>(b)</sup> | &nbsp;&nbsp; 1940 | 2050465 |
|  |  | 41162501 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Venture Capital — 0.0%** | **Venture Capital — 0.0%** | **Venture Capital — 0.0%** |
| Hercules Capital, Inc. |  |  |
| 5.35%, 02/10/29 | &nbsp;&nbsp; $10 | $9945 |
| 6.00%, 06/16/30<sup>(a)</sup> | &nbsp;&nbsp; 480 | 478251 |
|  |  | 488196 |
| **Water — 0.2%** | **Water — 0.2%** | **Water — 0.2%** |
| American Water Capital Corp. |  |  |
| 2.30%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1185 | 1084052 |
| 2.80%, 05/01/30 | &nbsp;&nbsp; 1115 | 1067196 |
| 2.95%, 09/01/27 | &nbsp;&nbsp; 1157 | 1144068 |
| 3.25%, 06/01/51 | &nbsp;&nbsp; 950 | 657244 |
| 3.45%, 06/01/29 | &nbsp;&nbsp; 1101 | 1086384 |
| 3.45%, 05/01/50 | &nbsp;&nbsp; 1009 | 728848 |
| 3.75%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1542 | 1539848 |
| 3.75%, 09/01/47 | &nbsp;&nbsp; 1591 | 1237897 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 851 | 681749 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 1248 | 1015984 |
| 4.20%, 09/01/48<sup>(a)</sup> | &nbsp;&nbsp; 1547 | 1280762 |
| 4.30%, 12/01/42<sup>(a)</sup> | &nbsp;&nbsp; 626 | 561240 |
| 4.30%, 09/01/45<sup>(a)</sup> | &nbsp;&nbsp; 386 | 333060 |
| 4.45%, 06/01/32 | &nbsp;&nbsp; 1115 | 1125719 |
| 5.15%, 03/01/34 | &nbsp;&nbsp; 900 | 935858 |
| 5.25%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1290 | 1340407 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 1025 | 1006083 |
| 5.70%, 09/01/55 | &nbsp;&nbsp; 1900 | 1924456 |
| 6.59%, 10/15/37 | &nbsp;&nbsp; 994 | 1144501 |
| Essential Utilities, Inc. |  |  |
| 2.40%, 05/01/31 | &nbsp;&nbsp; 960 | 877049 |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 949 | 897838 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 927 | 650308 |
| 3.57%, 05/01/29 | &nbsp;&nbsp; 1490 | 1467378 |
| 4.28%, 05/01/49<sup>(a)</sup> | &nbsp;&nbsp; 1386 | 1142430 |
| 4.80%, 08/15/27 | &nbsp;&nbsp; 865 | 874180 |
| 5.25%, 08/15/35 | &nbsp;&nbsp; 745 | 764157 |
| 5.30%, 05/01/52<sup>(a)</sup> | &nbsp;&nbsp; 780 | 736920 |
| 5.38%, 01/15/34 | &nbsp;&nbsp; 520 | 541443 |
| United Utilities PLC, 6.88%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 375 | 399315 |
|  |  | 28246374 |
| **Total Corporate Bonds & Notes — 98.3%** <br>**(Cost: $17,026,707,929)** | **Total Corporate Bonds & Notes — 98.3%** <br>**(Cost: $17,026,707,929)** | 16708863323 |
| **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** |
| **Japan — 0.0%** | **Japan — 0.0%** | **Japan — 0.0%** |
| Development Bank of Japan, Inc., 4.00%, <br> 08/28/27<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | 15070 |
| **Mexico — 0.1%** | **Mexico — 0.1%** | **Mexico — 0.1%** |
| Eagle Funding Luxco SARL, 5.50%, 08/17/30<sup>(b)</sup> | &nbsp;&nbsp; 13445 | 13678809 |
| **South Korea — 0.1%** | **South Korea — 0.1%** | **South Korea — 0.1%** |
| Korea Electric Power Corp. |  |  |
| 4.00%, 06/14/27<sup>(b)</sup> | &nbsp;&nbsp; 960 | 962160 |
| 4.75%, 02/13/28<sup>(b)</sup> | &nbsp;&nbsp; 855 | 869843 |
| 5.13%, 04/23/34<sup>(b)</sup> | &nbsp;&nbsp; 455 | 479911 |
| 5.50%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp; 590 | 609889 |
| Korea Gas Corp. |  |  |
| 2.00%, 07/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1230 | 1117976 |
| 3.13%, 07/20/27<sup>(b)</sup> | &nbsp;&nbsp; 1341 | 1328974 |
| 3.88%, 07/13/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1265 | 1266571 |
| 4.25%, 07/10/30<sup>(b)</sup> | &nbsp;&nbsp; 340 | 345508 |
| 4.88%, 07/05/28<sup>(b)</sup> | &nbsp;&nbsp; 200 | 204889 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **South Korea (continued)** | **South Korea (continued)** | **South Korea (continued)** |
| 5.00%, 07/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; $1035 | $1073209 |
| Korea Hydro & Nuclear Power Co. Ltd. |  |  |
| 3.13%, 07/25/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1210 | 1199602 |
| 4.25%, 07/27/27<sup>(b)</sup> | &nbsp;&nbsp; 570 | 573831 |
| 4.63%, 07/29/29<sup>(b)</sup> | &nbsp;&nbsp; 805 | 820882 |
| 5.00%, 07/18/28<sup>(b)</sup> | &nbsp;&nbsp; 400 | 410322 |
| Korea National Oil Corp. |  |  |
| 2.13%, 04/18/27<sup>(b)</sup> | &nbsp;&nbsp; 200 | 196222 |
| 2.38%, 04/07/31<sup>(b)</sup> | &nbsp;&nbsp; 970 | 897830 |
| 2.63%, 04/18/32<sup>(b)</sup> | &nbsp;&nbsp; 500 | 458574 |
| 3.38%, 03/27/27<sup>(b)</sup> | &nbsp;&nbsp; 500 | 497623 |
| 4.13%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp; 150 | 150629 |
| 4.88%, 04/03/27<sup>(b)</sup> | &nbsp;&nbsp; 150 | 151646 |
| 4.88%, 04/03/28<sup>(b)</sup> | &nbsp;&nbsp; 150 | 153038 |
| 4.88%, 04/03/29<sup>(b)</sup> | &nbsp;&nbsp; 1000 | 1028136 |
|  |  | 14797265 |
| **Total Foreign Government Obligations — 0.2%** <br>**(Cost: $28,321,725)** | **Total Foreign Government Obligations — 0.2%** <br>**(Cost: $28,321,725)** | 28491144 |
| **U.S. Government Agency Obligations** | **U.S. Government Agency Obligations** | **U.S. Government Agency Obligations** |
| **U.S. Government Agency Obligations — 0.0%** | **U.S. Government Agency Obligations — 0.0%** | **U.S. Government Agency Obligations — 0.0%** |
| CoBank ACB |  |  |
| 7.13% , (5-year CMT + 2.82%)<sup>(d)(e)</sup> | &nbsp;&nbsp; 30 | 31195 |
| 7.25% , (5-year CMT + 2.88%)<sup>(d)(e)</sup> | &nbsp;&nbsp; 850 | 869034 |
|  |  | 900229 |
| **Total U.S. Government Agency Obligations — 0.0%** <br>**(Cost: $907,530)** | **Total U.S. Government Agency Obligations — 0.0%** <br>**(Cost: $907,530)** | 900229 |
| **Total Long-Term Investments — 98.5%** <br>**(Cost: $17,055,937,184)** | **Total Long-Term Investments — 98.5%** <br>**(Cost: $17,055,937,184)** | 16738254696 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 10.2%** | **Money Market Funds — 10.2%** | **Money Market Funds — 10.2%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(h)(i)(j)</sup><br>| &nbsp;&nbsp; 1729048375 | $1729912899 |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(h)(i)</sup><br>| &nbsp;&nbsp; 4710000 | 4710000 |
| **Total Short-Term Securities — 10.2%** <br>**(Cost: $1,734,151,899)** | **Total Short-Term Securities — 10.2%** <br>**(Cost: $1,734,151,899)** | 1734622899 |
| **Total Investments — 108.7%** <br>**(Cost: $18,790,089,083)** | **Total Investments — 108.7%** <br>**(Cost: $18,790,089,083)** | 18472877595 |
| **Liabilities in Excess of Other Assets — (8.7)%** | **Liabilities in Excess of Other Assets — (8.7)%** | (1472683078)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $17000194517 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

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

<sup>(e)</sup> Perpetual security with no stated maturity date.

<sup>(f)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

<sup>(g)</sup> Zero-coupon bond.

<sup>(h)</sup> Affiliate of the Fund.

<sup>(i)</sup> Annualized 7-day yield as of period end.

<sup>(j)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institu-<br> tional, SL Agency Shares<br>| $1366433622 | $363464919 <br><sup>(a)</sup><br>| $— | $2004 | $12354 | $1729912899 | 1729048375 | $4196271 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Trea-<br> sury, SL Agency Shares<br>| 11310000 |  | &nbsp;&nbsp; (6600000 )<sup>(a)</sup><br>|  |  | 4710000 | 4710000 | 1157338 |  |
|  |  |  |  | $2004 | $12354 | $1734622899 |  | $5353609 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Broad USD Investment Grade Corporate Bond ETF**

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $16708863323 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $16708863323 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 28491144 | &nbsp;&nbsp; — | &nbsp;&nbsp; 28491144 |
| U.S. Government Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 900229 | &nbsp;&nbsp; — | &nbsp;&nbsp; 900229 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 1734622899 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1734622899 |
|  | &nbsp;&nbsp; $1734622899 | &nbsp;&nbsp; $16738254696 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $18472877595 |

---

*See notes to financial statements.*

Schedule of Investments

------

Schedule of Investments

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.1%** | **Advertising — 0.1%** | **Advertising — 0.1%** |
| Omnicom Group, Inc. |  |  |
| 2.45%, 04/30/30<sup>(a)</sup> | &nbsp;&nbsp; $3300 | $3072439 |
| 4.20%, 03/02/29 | &nbsp;&nbsp; 1720 | 1723803 |
| 4.20%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3480 | 3478997 |
| 4.65%, 10/01/28 | &nbsp;&nbsp; 3560 | 3599495 |
| 4.75%, 03/30/30<sup>(a)</sup> | &nbsp;&nbsp; 3055 | 3115205 |
|  |  | 14989939 |
| **Aerospace & Defense — 1.2%** | **Aerospace & Defense — 1.2%** | **Aerospace & Defense — 1.2%** |
| Airbus SE, 3.15%, 04/10/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3777 | 3755458 |
| BAE Systems Finance, Inc., 7.50%, <br> 07/01/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3280 | 3434020 |
| BAE Systems PLC |  |  |
| 1.90%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 140 | 126126 |
| 3.40%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp; 7140 | 6974420 |
| 5.00%, 03/26/27<sup>(b)</sup> | &nbsp;&nbsp; 3465 | 3506120 |
| 5.13%, 03/26/29<sup>(b)</sup> | &nbsp;&nbsp; 7920 | 8204366 |
| Boeing Co.(The) |  |  |
| 2.80%, 03/01/27 | &nbsp;&nbsp; 1604 | 1585762 |
| 2.95%, 02/01/30 | &nbsp;&nbsp; 4570 | 4383019 |
| 3.20%, 03/01/29 | &nbsp;&nbsp; 6605 | 6453692 |
| 3.25%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 6478 | 6400483 |
| 3.25%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2085 | 2059173 |
| 3.45%, 11/01/28 | &nbsp;&nbsp; 2014 | 1991050 |
| 3.63%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 6105 | 5930043 |
| 5.04%, 05/01/27 | &nbsp;&nbsp; 11239 | 11357175 |
| 5.15%, 05/01/30 | &nbsp;&nbsp; 25947 | 26874336 |
| 6.26%, 05/01/27 | &nbsp;&nbsp; 5607 | 5744023 |
| 6.30%, 05/01/29 | &nbsp;&nbsp; 8710 | 9281793 |
| General Dynamics Corp. |  |  |
| 2.63%, 11/15/27 | &nbsp;&nbsp; 2170 | 2135582 |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 3860 | 3854679 |
| 3.63%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6260 | 6194495 |
| 3.75%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 6727 | 6747432 |
| General Electric Co., 4.30%, 07/29/30 | &nbsp;&nbsp; 7010 | 7121151 |
| HEICO Corp., 5.25%, 08/01/28 | &nbsp;&nbsp; 3742 | 3851515 |
| Howmet Aerospace, Inc. |  |  |
| 3.00%, 01/15/29 | &nbsp;&nbsp; 4600 | 4489384 |
| 3.75%, 03/03/28 | &nbsp;&nbsp; 120 | 119862 |
| 3.90%, 04/15/29 | &nbsp;&nbsp; 120 | 120120 |
| 6.75%, 01/15/28 | &nbsp;&nbsp; 3270 | 3438533 |
| L3Harris Technologies, Inc. |  |  |
| 1.80%, 01/15/31 | &nbsp;&nbsp; 2465 | 2207112 |
| 2.90%, 12/15/29 | &nbsp;&nbsp; 3347 | 3213669 |
| 4.40%, 06/15/28 | &nbsp;&nbsp; 5331 | 5371410 |
| 4.40%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5202 | 5241432 |
| 5.05%, 06/01/29 | &nbsp;&nbsp; 5350 | 5520005 |
| Lockheed Martin Corp. |  |  |
| 1.85%, 06/15/30 | &nbsp;&nbsp; 2485 | 2277997 |
| 4.15%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3250 | 3283228 |
| 4.40%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5395 | 5494141 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 2595 | 2630089 |
| 4.50%, 02/15/29 | &nbsp;&nbsp; 4110 | 4192109 |
| 5.10%, 11/15/27 | &nbsp;&nbsp; 3712 | 3799879 |
| Northrop Grumman Corp. |  |  |
| 3.25%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 10305 | 10197914 |
| 4.40%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4575 | 4643289 |
| 4.60%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3140 | 3202304 |
| 4.65%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4415 | 4520911 |
| Rolls-Royce PLC, 5.75%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp; 5245 | 5363968 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| RTX Corp. |  |  |
| 2.25%, 07/01/30 | &nbsp;&nbsp; $6185 | $5763144 |
| 3.13%, 05/04/27<sup>(a)</sup> | &nbsp;&nbsp; 6049 | 6001538 |
| 3.50%, 03/15/27 | &nbsp;&nbsp; 6373 | 6354168 |
| 4.13%, 11/16/28 | &nbsp;&nbsp; 16371 | 16470024 |
| 5.75%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1678 | 1763055 |
| 6.70%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1990 | 2112657 |
| 7.20%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1700 | 1781001 |
| 7.50%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3045 | 3403049 |
| Spirit AeroSystems, Inc., 4.60%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1105 | 1114358 |
|  |  | 262056263 |
| **Agriculture — 1.1%** | **Agriculture — 1.1%** | **Agriculture — 1.1%** |
| Altria Group, Inc. |  |  |
| 3.40%, 05/06/30 | &nbsp;&nbsp; 5060 | 4926913 |
| 4.50%, 08/06/30<sup>(a)</sup> | &nbsp;&nbsp; 3505 | 3566080 |
| 4.80%, 02/14/29<sup>(a)</sup> | &nbsp;&nbsp; 10842 | 11077309 |
| 4.88%, 02/04/28 | &nbsp;&nbsp; 2610 | 2657004 |
| 6.20%, 11/01/28 | &nbsp;&nbsp; 3320 | 3503335 |
| Archer-Daniels-Midland Co., 3.25%, 03/27/30 | &nbsp;&nbsp; 6610 | 6432145 |
| BAT Capital Corp. |  |  |
| 2.26%, 03/25/28<sup>(a)</sup> | &nbsp;&nbsp; 9611 | 9296979 |
| 3.46%, 09/06/29 | &nbsp;&nbsp; 3152 | 3094493 |
| 3.56%, 08/15/27 | &nbsp;&nbsp; 12682 | 12617060 |
| 4.70%, 04/02/27 | &nbsp;&nbsp; 4120 | 4147934 |
| 4.91%, 04/02/30 | &nbsp;&nbsp; 6045 | 6211614 |
| 5.83%, 02/20/31 | &nbsp;&nbsp; 2800 | 2994615 |
| 6.34%, 08/02/30 | &nbsp;&nbsp; 6050 | 6578341 |
| BAT International Finance PLC |  |  |
| 4.45%, 03/16/28 | &nbsp;&nbsp; 5892 | 5947714 |
| 5.93%, 02/02/29<sup>(a)</sup> | &nbsp;&nbsp; 5825 | 6136259 |
| Bunge Ltd. Finance Corp. |  |  |
| 3.75%, 09/25/27<sup>(a)</sup> | &nbsp;&nbsp; 3140 | 3132150 |
| 4.10%, 01/07/28<sup>(a)</sup> | &nbsp;&nbsp; 2230 | 2241019 |
| 4.20%, 09/17/29 | &nbsp;&nbsp; 5255 | 5289043 |
| 4.55%, 08/04/30<sup>(a)</sup> | &nbsp;&nbsp; 4575 | 4648379 |
| 4.90%, 04/21/27 | &nbsp;&nbsp; 2855 | 2885369 |
| Cargill, Inc. |  |  |
| 1.70%, 02/02/31<sup>(b)</sup> | &nbsp;&nbsp; 2000 | 1793208 |
| 2.13%, 04/23/30<sup>(b)</sup> | &nbsp;&nbsp; 5215 | 4843761 |
| 3.25%, 05/23/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4470 | 4386868 |
| 3.63%, 04/22/27<sup>(b)</sup> | &nbsp;&nbsp; 2480 | 2478544 |
| 4.13%, 10/23/30<sup>(b)</sup> | &nbsp;&nbsp; 4670 | 4686966 |
| 4.63%, 02/11/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3850 | 3912940 |
| Imperial Brands Finance PLC |  |  |
| 3.88%, 07/26/29<sup>(b)</sup> | &nbsp;&nbsp; 5970 | 5905672 |
| 4.50%, 06/30/28<sup>(b)</sup> | &nbsp;&nbsp; 3645 | 3683094 |
| 5.50%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp; 7310 | 7635832 |
| 6.13%, 07/27/27<sup>(b)</sup> | &nbsp;&nbsp; 5316 | 5461498 |
| Japan Tobacco, Inc. |  |  |
| 4.85%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp; 745 | 760160 |
| 5.25%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 6050 | 6317833 |
| Philip Morris International, Inc. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 5215 | 4700926 |
| 2.10%, 05/01/30 | &nbsp;&nbsp; 4365 | 4040685 |
| 3.13%, 08/17/27<sup>(a)</sup> | &nbsp;&nbsp; 2725 | 2704341 |
| 3.13%, 03/02/28 | &nbsp;&nbsp; 3145 | 3102800 |
| 3.38%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4434 | 4358239 |
| 3.88%, 10/27/28 | &nbsp;&nbsp; 3420 | 3427409 |
| 4.00%, 10/29/30 | &nbsp;&nbsp; 4490 | 4483757 |
| 4.13%, 04/28/28 | &nbsp;&nbsp; 4475 | 4506855 |
| 4.38%, 11/01/27 | &nbsp;&nbsp; 4310 | 4352848 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| 4.38%, 04/30/30 | &nbsp;&nbsp; $4435 | $4492386 |
| 4.63%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp; 4450 | 4553715 |
| 4.88%, 02/15/28 | &nbsp;&nbsp; 8323 | 8485934 |
| 4.88%, 02/13/29<sup>(a)</sup> | &nbsp;&nbsp; 6042 | 6210736 |
| 5.13%, 11/17/27 | &nbsp;&nbsp; 8393 | 8569220 |
| 5.13%, 02/15/30 | &nbsp;&nbsp; 12719 | 13214881 |
| 5.25%, 09/07/28 | &nbsp;&nbsp; 4510 | 4664020 |
| 5.50%, 09/07/30 | &nbsp;&nbsp; 4050 | 4282065 |
| 5.63%, 11/17/29 | &nbsp;&nbsp; 7325 | 7736437 |
|  |  | 257137385 |
| **Airlines — 0.3%** | **Airlines — 0.3%** | **Airlines — 0.3%** |
| AS Mileage Plan IP Ltd., 5.02%, 10/20/29<sup>(b)</sup> | &nbsp;&nbsp; 3940 | 4006037 |
| Delta Air Lines, Inc. |  |  |
| 3.75%, 10/28/29 | &nbsp;&nbsp; 3305 | 3249796 |
| 4.38%, 04/19/28<sup>(a)</sup> | &nbsp;&nbsp; 2070 | 2079730 |
| 4.95%, 07/10/28 | &nbsp;&nbsp; 6650 | 6760543 |
| 5.25%, 07/10/30<sup>(a)</sup> | &nbsp;&nbsp; 5928 | 6113087 |
| Delta Air Lines, Inc./SkyMiles IP Ltd., 4.75%, <br> 10/20/28<sup>(b)</sup><br>| &nbsp;&nbsp; 20180 | 20354950 |
| Southwest Airlines Co. |  |  |
| 2.63%, 02/10/30<sup>(a)</sup> | &nbsp;&nbsp; 3360 | 3152908 |
| 3.45%, 11/16/27 | &nbsp;&nbsp; 1650 | 1631580 |
| 4.38%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4665 | 4704944 |
| 5.13%, 06/15/27 | &nbsp;&nbsp; 9676 | 9789472 |
| United Airlines, Inc., 4.63%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 10200 | 10192301 |
|  |  | 72035348 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| Gildan Activewear, Inc., 4.70%, 10/07/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3325 | 3346317 |
| NIKE, Inc. |  |  |
| 2.75%, 03/27/27 | &nbsp;&nbsp; 3325 | 3292580 |
| 2.85%, 03/27/30 | &nbsp;&nbsp; 9225 | 8872521 |
| PVH Corp., 5.50%, 06/13/30 | &nbsp;&nbsp; 2790 | 2865562 |
| Ralph Lauren Corp., 2.95%, 06/15/30 | &nbsp;&nbsp; 3940 | 3774037 |
| Tapestry, Inc. |  |  |
| 4.13%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1330 | 1330472 |
| 5.10%, 03/11/30<sup>(a)</sup> | &nbsp;&nbsp; 4720 | 4873374 |
|  |  | 28354863 |
| **Auto Manufacturers — 4.6%** | **Auto Manufacturers — 4.6%** | **Auto Manufacturers — 4.6%** |
| American Honda Finance Corp. |  |  |
| 1.80%, 01/13/31 | &nbsp;&nbsp; 655 | 585653 |
| 2.00%, 03/24/28 | &nbsp;&nbsp; 4440 | 4274718 |
| 2.25%, 01/12/29 | &nbsp;&nbsp; 4015 | 3832590 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 2905 | 2886374 |
| 4.15%, 01/08/29 | &nbsp;&nbsp; 3815 | 3835836 |
| 4.25%, 09/01/28 | &nbsp;&nbsp; 4415 | 4451977 |
| 4.40%, 09/05/29<sup>(a)</sup> | &nbsp;&nbsp; 5060 | 5131300 |
| 4.45%, 10/22/27<sup>(a)</sup> | &nbsp;&nbsp; 3525 | 3559042 |
| 4.45%, 01/08/31<sup>(a)</sup> | &nbsp;&nbsp; 3070 | 3099852 |
| 4.50%, 09/04/30 | &nbsp;&nbsp; 7005 | 7089235 |
| 4.55%, 07/09/27 | &nbsp;&nbsp; 3835 | 3871989 |
| 4.55%, 03/03/28 | &nbsp;&nbsp; 5035 | 5099965 |
| 4.60%, 04/17/30 | &nbsp;&nbsp; 5190 | 5281557 |
| 4.70%, 01/12/28<sup>(a)</sup> | &nbsp;&nbsp; 2903 | 2947801 |
| 4.80%, 03/05/30 | &nbsp;&nbsp; 4105 | 4203920 |
| 4.90%, 03/12/27 | &nbsp;&nbsp; 2955 | 2987550 |
| 4.90%, 07/09/27<sup>(a)</sup> | &nbsp;&nbsp; 3055 | 3096400 |
| 4.90%, 03/13/29<sup>(a)</sup> | &nbsp;&nbsp; 4945 | 5072437 |
| 5.13%, 07/07/28 | &nbsp;&nbsp; 4609 | 4731725 |
| 5.65%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5100 | 5323247 |
| 5.85%, 10/04/30<sup>(a)</sup> | &nbsp;&nbsp; 915 | 977269 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| BMW Finance NV, 2.85%, 08/14/29<sup>(b)</sup> | &nbsp;&nbsp; $3420 | $3285587 |
| BMW U.S. Capital LLC |  |  |
| 3.30%, 04/06/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3097 | 3081387 |
| 3.45%, 04/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3078 | 3067636 |
| 3.63%, 04/18/29<sup>(b)</sup> | &nbsp;&nbsp; 4605 | 4549722 |
| 3.75%, 04/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3935 | 3924777 |
| 3.95%, 08/14/28<sup>(b)</sup> | &nbsp;&nbsp; 3000 | 2996977 |
| 4.15%, 08/11/27<sup>(b)</sup> | &nbsp;&nbsp; 1130 | 1135076 |
| 4.15%, 04/09/30<sup>(b)</sup> | &nbsp;&nbsp; 6395 | 6392085 |
| 4.50%, 08/11/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5925 | 6003901 |
| 4.60%, 08/13/27<sup>(b)</sup> | &nbsp;&nbsp; 4290 | 4334403 |
| 4.65%, 03/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4300 | 4339604 |
| 4.65%, 08/13/29<sup>(b)</sup> | &nbsp;&nbsp; 3295 | 3353884 |
| 4.75%, 03/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4805 | 4882528 |
| 4.90%, 04/02/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3975 | 4021989 |
| 4.90%, 04/02/29<sup>(b)</sup> | &nbsp;&nbsp; 6450 | 6614044 |
| 5.05%, 08/11/28<sup>(b)</sup> | &nbsp;&nbsp; 5670 | 5816245 |
| 5.05%, 03/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5310 | 5483843 |
| Cummins, Inc. |  |  |
| 1.50%, 09/01/30 | &nbsp;&nbsp; 3470 | 3130304 |
| 4.25%, 05/09/28<sup>(a)</sup> | &nbsp;&nbsp; 770 | 777839 |
| 4.70%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4095 | 4213914 |
| 4.90%, 02/20/29 | &nbsp;&nbsp; 2810 | 2898718 |
| 7.13%, 03/01/28 | &nbsp;&nbsp; 4273 | 4542139 |
| Daimler Truck Finance North America LLC |  |  |
| 2.38%, 12/14/28<sup>(b)</sup> | &nbsp;&nbsp; 4095 | 3920506 |
| 3.65%, 04/07/27<sup>(b)</sup> | &nbsp;&nbsp; 2968 | 2960592 |
| 4.15%, 01/12/29<sup>(b)</sup> | &nbsp;&nbsp; 3180 | 3188834 |
| 4.30%, 08/12/27<sup>(b)</sup> | &nbsp;&nbsp; 2850 | 2867078 |
| 4.65%, 10/12/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4600 | 4675388 |
| 4.95%, 01/13/28<sup>(b)</sup> | &nbsp;&nbsp; 4210 | 4281992 |
| 5.13%, 09/25/27<sup>(b)</sup> | &nbsp;&nbsp; 2955 | 3005906 |
| 5.13%, 01/19/28<sup>(b)</sup> | &nbsp;&nbsp; 2925 | 2985435 |
| 5.13%, 09/25/29<sup>(b)</sup> | &nbsp;&nbsp; 3505 | 3626076 |
| 5.25%, 01/13/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5050 | 5236423 |
| 5.40%, 09/20/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2765 | 2859578 |
| Ford Holdings LLC, 9.30%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1890 | 2179326 |
| Ford Motor Co. |  |  |
| 6.63%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2520 | 2663438 |
| 9.63%, 04/22/30<sup>(a)</sup> | &nbsp;&nbsp; 2480 | 2897360 |
| Ford Motor Credit Co. LLC |  |  |
| 2.90%, 02/16/28 | &nbsp;&nbsp; 4700 | 4557981 |
| 2.90%, 02/10/29<sup>(a)</sup> | &nbsp;&nbsp; 5485 | 5220873 |
| 3.82%, 11/02/27 | &nbsp;&nbsp; 4325 | 4289759 |
| 4.00%, 11/13/30 | &nbsp;&nbsp; 9520 | 9123546 |
| 4.13%, 08/17/27 | &nbsp;&nbsp; 6860 | 6834147 |
| 4.95%, 05/28/27 | &nbsp;&nbsp; 8355 | 8413152 |
| 4.97%, 04/06/29 | &nbsp;&nbsp; 6705 | 6747760 |
| 5.11%, 05/03/29 | &nbsp;&nbsp; 9582 | 9675101 |
| 5.30%, 09/06/29 | &nbsp;&nbsp; 5235 | 5314405 |
| 5.73%, 09/05/30<sup>(a)</sup> | &nbsp;&nbsp; 7410 | 7620148 |
| 5.80%, 03/05/27 | &nbsp;&nbsp; 8265 | 8377186 |
| 5.80%, 03/08/29 | &nbsp;&nbsp; 9610 | 9899476 |
| 5.85%, 05/17/27 | &nbsp;&nbsp; 8160 | 8293720 |
| 5.88%, 11/07/29 | &nbsp;&nbsp; 7480 | 7736166 |
| 5.92%, 03/20/28<sup>(a)</sup> | &nbsp;&nbsp; 6139 | 6302527 |
| 6.80%, 05/12/28<sup>(a)</sup> | &nbsp;&nbsp; 9570 | 10010712 |
| 6.80%, 11/07/28 | &nbsp;&nbsp; 8445 | 8901249 |
| 7.20%, 06/10/30<sup>(a)</sup> | &nbsp;&nbsp; 4980 | 5376851 |
| 7.35%, 11/04/27 | &nbsp;&nbsp; 8410 | 8774381 |
| 7.35%, 03/06/30 | &nbsp;&nbsp; 7205 | 7808279 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| General Motors Co. |  |  |
| 4.20%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp; $4161 | $4171811 |
| 5.00%, 10/01/28 | &nbsp;&nbsp; 5075 | 5178467 |
| 5.35%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4415 | 4523857 |
| 5.40%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5695 | 5925592 |
| 5.63%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4780 | 5016556 |
| 6.80%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp; 5575 | 5782795 |
| General Motors Financial Co., Inc. |  |  |
| 2.35%, 01/08/31<sup>(a)</sup> | &nbsp;&nbsp; 5235 | 4764342 |
| 2.40%, 04/10/28 | &nbsp;&nbsp; 5670 | 5485985 |
| 2.40%, 10/15/28 | &nbsp;&nbsp; 6097 | 5844644 |
| 2.70%, 08/20/27 | &nbsp;&nbsp; 4637 | 4551665 |
| 3.60%, 06/21/30 | &nbsp;&nbsp; 7630 | 7412429 |
| 3.85%, 01/05/28 | &nbsp;&nbsp; 2175 | 2167910 |
| 4.20%, 10/27/28 | &nbsp;&nbsp; 4175 | 4190946 |
| 4.30%, 04/06/29 | &nbsp;&nbsp; 6645 | 6674050 |
| 4.60%, 01/08/31<sup>(a)</sup> | &nbsp;&nbsp; 5855 | 5908643 |
| 4.90%, 10/06/29<sup>(a)</sup> | &nbsp;&nbsp; 6105 | 6242863 |
| 5.00%, 04/09/27 | &nbsp;&nbsp; 7019 | 7090352 |
| 5.00%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2455 | 2486507 |
| 5.05%, 04/04/28 | &nbsp;&nbsp; 9255 | 9435636 |
| 5.35%, 07/15/27 | &nbsp;&nbsp; 6185 | 6291964 |
| 5.35%, 01/07/30 | &nbsp;&nbsp; 7363 | 7642736 |
| 5.40%, 05/08/27<sup>(a)</sup> | &nbsp;&nbsp; 6715 | 6820398 |
| 5.45%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6170 | 6448433 |
| 5.55%, 07/15/29 | &nbsp;&nbsp; 8085 | 8419478 |
| 5.65%, 01/17/29<sup>(a)</sup> | &nbsp;&nbsp; 3080 | 3194268 |
| 5.75%, 02/08/31 | &nbsp;&nbsp; 1000 | 1056291 |
| 5.80%, 06/23/28 | &nbsp;&nbsp; 8283 | 8585307 |
| 5.80%, 01/07/29 | &nbsp;&nbsp; 8920 | 9315653 |
| 5.85%, 04/06/30<sup>(a)</sup> | &nbsp;&nbsp; 5420 | 5727939 |
| 6.00%, 01/09/28 | &nbsp;&nbsp; 5750 | 5940055 |
| Honda Motor Co. Ltd. |  |  |
| 2.53%, 03/10/27 | &nbsp;&nbsp; 8310 | 8202705 |
| 4.44%, 07/08/28 | &nbsp;&nbsp; 4455 | 4506430 |
| 4.69%, 07/08/30<sup>(a)</sup> | &nbsp;&nbsp; 7701 | 7849951 |
| Hyundai Capital America |  |  |
| 1.80%, 01/10/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4005 | 3848852 |
| 2.00%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp; 5450 | 5202423 |
| 2.10%, 09/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5290 | 5039713 |
| 2.38%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp; 3867 | 3770290 |
| 4.25%, 09/18/28<sup>(b)</sup> | &nbsp;&nbsp; 4760 | 4782793 |
| 4.25%, 01/08/29<sup>(b)</sup> | &nbsp;&nbsp; 5325 | 5355031 |
| 4.30%, 09/24/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 5090 | 5112856 |
| 4.50%, 09/18/30<sup>(b)</sup> | &nbsp;&nbsp; 6015 | 6072795 |
| 4.55%, 09/26/29<sup>(b)</sup> | &nbsp;&nbsp; 4945 | 5015433 |
| 4.55%, 01/08/31<sup>(b)</sup> | &nbsp;&nbsp; 4610 | 4652476 |
| 4.85%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp; 3290 | 3321194 |
| 4.88%, 06/23/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 5185 | 5247039 |
| 4.88%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp; 4595 | 4659980 |
| 4.90%, 06/23/28<sup>(b)</sup> | &nbsp;&nbsp; 6310 | 6424530 |
| 5.00%, 01/07/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5025 | 5111144 |
| 5.10%, 06/24/30<sup>(b)</sup> | &nbsp;&nbsp; 3745 | 3867900 |
| 5.15%, 03/27/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4625 | 4782274 |
| 5.28%, 06/24/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4170 | 4240090 |
| 5.30%, 03/19/27<sup>(b)</sup> | &nbsp;&nbsp; 4637 | 4700709 |
| 5.30%, 01/08/29<sup>(b)</sup> | &nbsp;&nbsp; 4080 | 4210256 |
| 5.30%, 06/24/29<sup>(b)</sup> | &nbsp;&nbsp; 4692 | 4857041 |
| 5.30%, 01/08/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4860 | 5055204 |
| 5.35%, 03/19/29<sup>(b)</sup> | &nbsp;&nbsp; 3215 | 3327939 |
| 5.40%, 01/08/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 685 | 716212 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 5.60%, 03/30/28<sup>(a)(b)</sup> | &nbsp;&nbsp; $5540 | $5701547 |
| 5.68%, 06/26/28<sup>(b)</sup> | &nbsp;&nbsp; 6132 | 6336159 |
| 5.70%, 06/26/30<sup>(b)</sup> | &nbsp;&nbsp; 3175 | 3347232 |
| 5.80%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3225 | 3405369 |
| 6.10%, 09/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4630 | 4846928 |
| 6.20%, 09/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 455 | 488962 |
| 6.38%, 04/08/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3870 | 4161303 |
| 6.50%, 01/16/29<sup>(b)</sup> | &nbsp;&nbsp; 4485 | 4763624 |
| Hyundai Capital Services, Inc. |  |  |
| 3.63%, 08/29/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 980 | 974800 |
| 5.13%, 02/05/29<sup>(b)</sup> | &nbsp;&nbsp; 2835 | 2914509 |
| 5.25%, 01/22/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2645 | 2703045 |
| Kia Corp., 3.50%, 10/25/27<sup>(b)</sup> | &nbsp;&nbsp; 530 | 526176 |
| Mercedes-Benz Finance North America LLC |  |  |
| 2.63%, 03/10/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2150 | 2033588 |
| 3.10%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp; 3895 | 3780551 |
| 3.75%, 02/22/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5830 | 5818733 |
| 4.30%, 02/22/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3335 | 3368466 |
| 4.65%, 04/01/27<sup>(b)</sup> | &nbsp;&nbsp; 2400 | 2421683 |
| 4.75%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp; 3445 | 3487730 |
| 4.75%, 03/31/28<sup>(b)</sup> | &nbsp;&nbsp; 2780 | 2826997 |
| 4.80%, 03/30/28<sup>(b)</sup> | &nbsp;&nbsp; 5587 | 5679824 |
| 4.80%, 08/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5430 | 5561644 |
| 4.85%, 01/11/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4710 | 4824500 |
| 4.90%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp; 3785 | 3851331 |
| 5.00%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4265 | 4395998 |
| 5.10%, 08/03/28<sup>(b)</sup> | &nbsp;&nbsp; 5205 | 5342245 |
| 5.10%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3565 | 3682455 |
| 5.25%, 11/29/27<sup>(b)</sup> | &nbsp;&nbsp; 2703 | 2767303 |
| 8.50%, 01/18/31 | &nbsp;&nbsp; 8145 | 9678534 |
| PACCAR Financial Corp. |  |  |
| 3.90%, 02/05/29 | &nbsp;&nbsp; 120 | 120870 |
| 4.00%, 08/08/28 | &nbsp;&nbsp; 1785 | 1798290 |
| 4.00%, 09/26/29 | &nbsp;&nbsp; 2635 | 2654697 |
| 4.25%, 06/23/27<sup>(a)</sup> | &nbsp;&nbsp; 1795 | 1809827 |
| 4.45%, 08/06/27<sup>(a)</sup> | &nbsp;&nbsp; 3599 | 3643559 |
| 4.55%, 03/03/28 | &nbsp;&nbsp; 4070 | 4146171 |
| 4.55%, 05/08/30 | &nbsp;&nbsp; 2655 | 2719403 |
| 4.60%, 01/10/28<sup>(a)</sup> | &nbsp;&nbsp; 1435 | 1460196 |
| 4.60%, 01/31/29 | &nbsp;&nbsp; 3895 | 3995613 |
| 4.95%, 08/10/28<sup>(a)</sup> | &nbsp;&nbsp; 1005 | 1033546 |
| 5.00%, 05/13/27 | &nbsp;&nbsp; 2324 | 2361561 |
| Series R, 4.00%, 11/07/28 | &nbsp;&nbsp; 2170 | 2185843 |
| Stellantis Finance U.S., Inc. |  |  |
| 5.35%, 03/17/28<sup>(b)</sup> | &nbsp;&nbsp; 3495 | 3557545 |
| 5.63%, 01/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2332 | 2377206 |
| 5.75%, 03/18/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5730 | 5870204 |
| Toyota Motor Corp. |  |  |
| 2.76%, 07/02/29 | &nbsp;&nbsp; 3170 | 3062873 |
| 3.67%, 07/20/28 | &nbsp;&nbsp; 2825 | 2828815 |
| 4.19%, 06/30/27<sup>(a)</sup> | &nbsp;&nbsp; 2620 | 2637789 |
| 4.45%, 06/30/30 | &nbsp;&nbsp; 3190 | 3247358 |
| 5.12%, 07/13/28<sup>(a)</sup> | &nbsp;&nbsp; 3048 | 3140440 |
| Toyota Motor Credit Corp. |  |  |
| 1.15%, 08/13/27<sup>(a)</sup> | &nbsp;&nbsp; 3290 | 3177245 |
| 1.65%, 01/10/31 | &nbsp;&nbsp; 595 | 532686 |
| 1.90%, 04/06/28<sup>(a)</sup> | &nbsp;&nbsp; 3698 | 3570790 |
| 2.15%, 02/13/30<sup>(a)</sup> | &nbsp;&nbsp; 4709 | 4409427 |
| 3.05%, 03/22/27 | &nbsp;&nbsp; 7790 | 7742035 |
| 3.05%, 01/11/28 | &nbsp;&nbsp; 2720 | 2690311 |
| 3.38%, 04/01/30 | &nbsp;&nbsp; 6000 | 5869626 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 3.65%, 01/08/29<sup>(a)</sup> | &nbsp;&nbsp; $2770 | $2766582 |
| 4.05%, 09/05/28<sup>(a)</sup> | &nbsp;&nbsp; 4990 | 5030878 |
| 4.35%, 10/08/27 | &nbsp;&nbsp; 7178 | 7253715 |
| 4.45%, 06/29/29<sup>(a)</sup> | &nbsp;&nbsp; 4850 | 4943104 |
| 4.50%, 05/14/27 | &nbsp;&nbsp; 5590 | 5644098 |
| 4.55%, 09/20/27 | &nbsp;&nbsp; 5600 | 5670507 |
| 4.55%, 08/09/29<sup>(a)</sup> | &nbsp;&nbsp; 6180 | 6318442 |
| 4.55%, 05/17/30 | &nbsp;&nbsp; 3945 | 4041340 |
| 4.63%, 01/12/28<sup>(a)</sup> | &nbsp;&nbsp; 5655 | 5750576 |
| 4.65%, 01/05/29 | &nbsp;&nbsp; 4085 | 4182296 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 5295 | 5463617 |
| 4.95%, 01/09/30<sup>(a)</sup> | &nbsp;&nbsp; 4485 | 4649718 |
| 5.05%, 05/16/29 | &nbsp;&nbsp; 6207 | 6431098 |
| 5.25%, 09/11/28 | &nbsp;&nbsp; 4435 | 4594794 |
| 5.45%, 11/10/27 | &nbsp;&nbsp; 3875 | 3988851 |
| 5.55%, 11/20/30 | &nbsp;&nbsp; 7485 | 7970958 |
| Series B, 3.75%, 01/12/28<sup>(a)</sup> | &nbsp;&nbsp; 4255 | 4260938 |
| Series B, 4.20%, 01/10/31<sup>(a)</sup> | &nbsp;&nbsp; 4500 | 4533596 |
| Series B, 5.00%, 03/19/27 | &nbsp;&nbsp; 4540 | 4601976 |
| Volkswagen Group of America Finance LLC |  |  |
| 1.63%, 11/24/27<sup>(b)</sup> | &nbsp;&nbsp; 2640 | 2531781 |
| 3.75%, 05/13/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3225 | 3143958 |
| 4.35%, 06/08/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 6021 | 6037645 |
| 4.45%, 09/11/27<sup>(b)</sup> | &nbsp;&nbsp; 3655 | 3674446 |
| 4.55%, 09/11/28<sup>(b)</sup> | &nbsp;&nbsp; 2230 | 2249226 |
| 4.60%, 06/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3970 | 3996961 |
| 4.75%, 11/13/28<sup>(b)</sup> | &nbsp;&nbsp; 7845 | 7945290 |
| 4.85%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp; 2660 | 2687743 |
| 4.85%, 09/11/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3530 | 3588340 |
| 4.95%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp; 2935 | 2962539 |
| 4.95%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp; 3730 | 3800313 |
| 5.05%, 03/27/28<sup>(b)</sup> | &nbsp;&nbsp; 6765 | 6874981 |
| 5.25%, 03/22/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7075 | 7266141 |
| 5.30%, 03/22/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 5575 | 5652168 |
| 5.35%, 03/27/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3715 | 3850923 |
| 5.65%, 09/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4065 | 4202031 |
| 6.20%, 11/16/28<sup>(b)</sup> | &nbsp;&nbsp; 4570 | 4790679 |
| 6.45%, 11/16/30<sup>(b)</sup> | &nbsp;&nbsp; 3160 | 3413978 |
|  |  | 1039144611 |
| **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** |
| Aptiv Swiss Holdings Ltd., 4.65%, 09/13/29<sup>(a)</sup> | &nbsp;&nbsp; 3295 | 3373357 |
| BorgWarner, Inc. |  |  |
| 2.65%, 07/01/27<sup>(a)</sup> | &nbsp;&nbsp; 5123 | 5030389 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 3840 | 3946587 |
| Denso Corp. |  |  |
| 4.28%, 09/17/30<sup>(b)</sup> | &nbsp;&nbsp; 3255 | 3285999 |
| 4.42%, 09/11/29<sup>(b)</sup> | &nbsp;&nbsp; 3705 | 3758281 |
| Lear Corp. |  |  |
| 3.50%, 05/30/30 | &nbsp;&nbsp; 1490 | 1445286 |
| 3.80%, 09/15/27 | &nbsp;&nbsp; 2043 | 2037758 |
| 4.25%, 05/15/29 | &nbsp;&nbsp; 3405 | 3407703 |
| LG Energy Solution Ltd. |  |  |
| 5.25%, 04/02/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1710 | 1743747 |
| 5.38%, 07/02/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1530 | 1553766 |
| 5.38%, 07/02/29<sup>(b)</sup> | &nbsp;&nbsp; 4830 | 4996448 |
| 5.38%, 04/02/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3535 | 3675467 |
| 5.75%, 09/25/28<sup>(b)</sup> | &nbsp;&nbsp; 3755 | 3887433 |
| Magna International, Inc. |  |  |
| 2.45%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4030 | 3773640 |
| 5.05%, 03/14/29 | &nbsp;&nbsp; 3290 | 3383204 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** |
| Motherson Global Investments BV, 5.63%, <br> 07/11/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; $765 | $787045 |
| Toyota Industries Corp., 3.57%, 03/16/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2800 | 2772207 |
|  |  | 52858317 |
| **Banks — 27.8%** | **Banks — 27.8%** | **Banks — 27.8%** |
| ABN AMRO Bank NV |  |  |
| 2.47%, 12/13/29, (1-year CMT + 1.10%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5419 | 5183753 |
| 4.20%, 07/07/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3665 | 3690918 |
| 4.20%, 02/26/31<sup>(b)</sup> | &nbsp;&nbsp; 2200 | 2202101 |
| 4.99%, 12/03/28, (1-year CMT + 0.78%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7520 | 7646818 |
| AIB Group PLC |  |  |
| 5.32%, 05/15/31, (1-day SOFR + <br> 1.65%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5435 | 5645870 |
| 6.61%, 09/13/29, (1-day SOFR + 2.33%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5982 | 6331649 |
| ANZ Bank New Zealand Ltd. |  |  |
| 5.55%, 08/11/32, (5-year CMT + 2.70%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 2235 | 2276412 |
| 5.90%, 07/10/34, (5-year CMT + 1.50%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 1740 | 1817059 |
| ANZ New Zealand International Ltd. |  |  |
| 2.55%, 02/13/30<sup>(b)</sup> | &nbsp;&nbsp; 4730 | 4492474 |
| 3.45%, 07/17/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2058 | 2049802 |
| 3.45%, 01/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2390 | 2375545 |
| 5.36%, 08/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5615 | 5827935 |
| ANZ New Zealand Int'l Ltd/London, 4.00%, <br> 01/22/29<sup>(b)</sup><br>| &nbsp;&nbsp; 1905 | 1916055 |
| ASB Bank Ltd. |  |  |
| 4.16%, 10/29/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3135 | 3161422 |
| 5.28%, 06/17/32, (5-year CMT + <br> 2.25%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 2180 | 2208309 |
| 5.40%, 11/29/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2910 | 2988403 |
| Australia & New Zealand Banking Group Ltd. |  |  |
| 2.57%, 11/25/35, (5-year CMT + 1.70%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9070 | 8293222 |
| 5.73%, 09/18/34, (5-year CMT + 1.62%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5755 | 5992353 |
| Australia & New Zealand Banking Group <br> Ltd./New York<br>|  |  |
| 3.92%, 09/30/27<sup>(a)</sup> | &nbsp;&nbsp; 2605 | 2617346 |
| 4.62%, 12/16/29 | &nbsp;&nbsp; 4685 | 4818750 |
| 4.90%, 07/16/27 | &nbsp;&nbsp; 2160 | 2197142 |
| Series A, 3.92%, 12/08/28 | &nbsp;&nbsp; 2640 | 2653180 |
| Series A, 4.36%, 06/18/28 | &nbsp;&nbsp; 2825 | 2866603 |
| Banco BBVA Peru SA, 6.20%, 06/07/34, (5-year <br> CMT + 2.00%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 285 | 296788 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| 4.15%, 03/03/29 | &nbsp;&nbsp; 4600 | 4601010 |
| 5.38%, 03/13/29 | &nbsp;&nbsp; 6122 | 6369806 |
| 6.14%, 09/14/28, (1-year CMT + 2.70%)<sup>(c)</sup> | &nbsp;&nbsp; 2902 | 2996416 |
| Banco de Credito del Peru SA |  |  |
| 5.80%, 03/10/35, (5-year CMT + <br> 2.24%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 4080 | 4151400 |
| 5.85%, 01/11/29<sup>(b)</sup> | &nbsp;&nbsp; 1700 | 1771743 |
| 6.45%, 07/30/35, (5-year CMT + 2.49%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 3800 | 3961329 |
| Banco de Credito e Inversiones SA, 3.50%, <br> 10/12/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1350 | 1337787 |
| Banco General SA, 4.13%, 08/07/27<sup>(b)</sup> | &nbsp;&nbsp; 1365 | 1359376 |
| Banco Inbursa SA Institucion De Banca Multiple <br> Grupo Financiero Inbursa, 4.38%, <br> 04/11/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1960 | 1959612 |
| Banco Nacional de Panama, 2.50%, 08/11/30<sup>(b)</sup> | &nbsp;&nbsp; 5000 | 4509778 |
| Banco Santander Mexico SA Institucion de <br> Banca Multiple Grupo Financiero Santand, <br> 5.62%, 12/10/29<sup>(b)</sup><br>| &nbsp;&nbsp; 3030 | 3164835 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Banco Santander SA |  |  |
| 2.75%, 12/03/30 | &nbsp;&nbsp; $8935 | $8210827 |
| 3.31%, 06/27/29 | &nbsp;&nbsp; 5220 | 5099532 |
| 3.49%, 05/28/30<sup>(a)</sup> | &nbsp;&nbsp; 5810 | 5646203 |
| 3.80%, 02/23/28<sup>(a)</sup> | &nbsp;&nbsp; 5390 | 5368613 |
| 4.18%, 03/24/28, (1-year CMT + 2.00%)<sup>(c)</sup> | &nbsp;&nbsp; 7295 | 7297594 |
| 4.25%, 04/11/27 | &nbsp;&nbsp; 5195 | 5208614 |
| 4.38%, 04/12/28 | &nbsp;&nbsp; 7265 | 7315256 |
| 4.55%, 11/06/30 | &nbsp;&nbsp; 8095 | 8159650 |
| 5.29%, 08/18/27 | &nbsp;&nbsp; 9910 | 10084482 |
| 5.37%, 07/15/28, (1-year CMT + 0.95%)<sup>(c)</sup> | &nbsp;&nbsp; 9125 | 9286890 |
| 5.54%, 03/14/30, (1-year CMT + 1.45%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7230 | 7511817 |
| 5.55%, 03/14/28, (1-year CMT + 1.25%)<sup>(c)</sup> | &nbsp;&nbsp; 4865 | 4937585 |
| 5.57%, 01/17/30 | &nbsp;&nbsp; 6075 | 6368532 |
| 5.59%, 08/08/28 | &nbsp;&nbsp; 8515 | 8826033 |
| 6.61%, 11/07/28 | &nbsp;&nbsp; 6935 | 7391335 |
| Bangkok Bank PCL, 5.30%, 09/21/28<sup>(b)</sup> | &nbsp;&nbsp; 2761 | 2838979 |
| Bangkok Bank PCL/Hong Kong |  |  |
| 4.30%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp; 2204 | 2209384 |
| 4.45%, 09/19/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2095 | 2114423 |
| 4.51%, 11/26/30<sup>(b)</sup> | &nbsp;&nbsp; 1855 | 1874390 |
| 9.03%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1141 | 1282782 |
| Bank of America Corp. |  |  |
| 1.90%, 07/23/31, (1-day SOFR + 1.53%)<sup>(c)</sup> | &nbsp;&nbsp; 16165 | 14678939 |
| 1.92%, 10/24/31, (1-day SOFR + 1.37%)<sup>(c)</sup> | &nbsp;&nbsp; 15080 | 13606949 |
| 2.09%, 06/14/29, (1-day SOFR + 1.06%)<sup>(c)</sup> | &nbsp;&nbsp; 17106 | 16393761 |
| 2.50%, 02/13/31, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(c)</sup><br>| &nbsp;&nbsp; 22240 | 20888489 |
| 2.59%, 04/29/31, (1-day SOFR + 2.15%)<sup>(c)</sup> | &nbsp;&nbsp; 17520 | 16473215 |
| 2.88%, 10/22/30, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(c)</sup><br>| &nbsp;&nbsp; 11915 | 11431386 |
| 3.19%, 07/23/30, (3-mo. CME Term SOFR + <br> 1.44%)<sup>(c)</sup><br>| &nbsp;&nbsp; 13399 | 13031739 |
| 3.25%, 10/21/27<sup>(a)</sup> | &nbsp;&nbsp; 13861 | 13755491 |
| 3.42%, 12/20/28, (3-mo. CME Term SOFR + <br> 1.30%)<sup>(c)</sup><br>| &nbsp;&nbsp; 36482 | 36104700 |
| 3.59%, 07/21/28, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(c)</sup><br>| &nbsp;&nbsp; 12567 | 12493481 |
| 3.71%, 04/24/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(c)</sup><br>| &nbsp;&nbsp; 13054 | 13012301 |
| 3.97%, 03/05/29, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(c)</sup><br>| &nbsp;&nbsp; 15288 | 15277010 |
| 3.97%, 02/07/30, (3-mo. CME Term SOFR + <br> 1.47%)<sup>(c)</sup><br>| &nbsp;&nbsp; 16405 | 16390413 |
| 4.27%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(c)</sup><br>| &nbsp;&nbsp; 17500 | 17598976 |
| 4.35%, 02/10/31 | &nbsp;&nbsp; 120 | 121071 |
| 4.38%, 04/27/28, (1-day SOFR + 1.58%)<sup>(c)</sup> | &nbsp;&nbsp; 14217 | 14282046 |
| 4.46%, 02/06/32, (1-day SOFR + 0.87%)<sup>(c)</sup> | &nbsp;&nbsp; 16175 | 16296066 |
| 4.62%, 05/09/29, (1-day SOFR + 1.11%)<sup>(c)</sup> | &nbsp;&nbsp; 12310 | 12484717 |
| 4.95%, 07/22/28, (1-day SOFR + 2.04%)<sup>(c)</sup> | &nbsp;&nbsp; 18971 | 19209155 |
| 4.98%, 01/24/29, (1-day SOFR + 0.83%)<sup>(c)</sup> | &nbsp;&nbsp; 16730 | 17028899 |
| 5.16%, 01/24/31, (1-day SOFR + 1.00%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 15785 | 16383898 |
| 5.20%, 04/25/29, (1-day SOFR + 1.63%)<sup>(c)</sup> | &nbsp;&nbsp; 20180 | 20675343 |
| 5.82%, 09/15/29, (1-day SOFR + 1.57%)<sup>(c)</sup> | &nbsp;&nbsp; 15390 | 16050452 |
| 6.20%, 11/10/28, (1-day SOFR + 1.99%)<sup>(c)</sup> | &nbsp;&nbsp; 13459 | 13937742 |
| Series L, 4.18%, 11/25/27<sup>(a)</sup> | &nbsp;&nbsp; 11016 | 11025218 |
| Bank of Ireland Group PLC, 5.60%, 03/20/30, <br> (1-day SOFR + 1.62%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 5812 | 6047265 |
| Bank of Montreal |  |  |
| 2.65%, 03/08/27 | &nbsp;&nbsp; 7637 | 7556244 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.80%, 12/15/32, (5-year USD Swap + <br> 1.43%)<sup>(c)</sup><br>| &nbsp;&nbsp; $7095 | $7041824 |
| 4.06%, 09/22/28, (1-day SOFR Index + <br> 0.75%)<sup>(c)</sup><br>| &nbsp;&nbsp; 9555 | 9579172 |
| 4.35%, 09/22/31, (1-day SOFR Index + <br> 1.08%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 7065 | 7110590 |
| 4.64%, 09/10/30, (1-day SOFR + 1.25%)<sup>(c)</sup> | &nbsp;&nbsp; 5512 | 5613045 |
| 5.00%, 01/27/29, (1-day SOFR Index + <br> 0.67%)<sup>(c)</sup><br>| &nbsp;&nbsp; 4925 | 5021282 |
| 5.20%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 7043 | 7219805 |
| 5.37%, 06/04/27 | &nbsp;&nbsp; 4580 | 4665322 |
| 5.72%, 09/25/28 | &nbsp;&nbsp; 5462 | 5697815 |
| 7.70%, 05/26/84, (5-year CMT + 3.45%)<sup>(c)</sup> | &nbsp;&nbsp; 5445 | 5767507 |
| Series 6, 6.88%, 11/26/85, (5-year CMT + <br> 2.98%)<sup>(c)</sup><br>| &nbsp;&nbsp; 4480 | 4620766 |
| Series H, 4.70%, 09/14/27<sup>(a)</sup> | &nbsp;&nbsp; 6088 | 6166624 |
| Series J, 4.44%, 01/14/32, (1-day SOFR + <br> 0.97%)<sup>(c)</sup><br>| &nbsp;&nbsp; 7360 | 7407584 |
| Bank of New York Mellon Corp.(The) |  |  |
| 1.65%, 07/14/28 | &nbsp;&nbsp; 3093 | 2958219 |
| 1.65%, 01/28/31 | &nbsp;&nbsp; 3355 | 3013005 |
| 3.00%, 10/30/28<sup>(a)</sup> | &nbsp;&nbsp; 3215 | 3139310 |
| 3.25%, 05/16/27<sup>(a)</sup> | &nbsp;&nbsp; 4835 | 4815348 |
| 3.30%, 08/23/29 | &nbsp;&nbsp; 4565 | 4461175 |
| 3.40%, 01/29/28<sup>(a)</sup> | &nbsp;&nbsp; 4790 | 4765720 |
| 3.85%, 04/28/28<sup>(a)</sup> | &nbsp;&nbsp; 5502 | 5528169 |
| 3.85%, 04/26/29<sup>(a)</sup> | &nbsp;&nbsp; 3640 | 3650064 |
| 3.99%, 06/13/28, (1-day SOFR + 1.15%)<sup>(c)</sup> | &nbsp;&nbsp; 3353 | 3359551 |
| 4.03%, 01/22/30, (1-day SOFR + 0.63%)<sup>(c)</sup> | &nbsp;&nbsp; 3895 | 3901463 |
| 4.44%, 06/09/28, (1-day SOFR + 0.68%)<sup>(c)</sup> | &nbsp;&nbsp; 4105 | 4135292 |
| 4.54%, 02/01/29, (1-day SOFR + 1.17%)<sup>(c)</sup> | &nbsp;&nbsp; 4603 | 4656914 |
| 4.60%, 07/26/30, (1-day SOFR + 1.76%)<sup>(c)</sup> | &nbsp;&nbsp; 3280 | 3345247 |
| 4.73%, 04/20/29, (1-day SOFR + 1.14%)<sup>(c)</sup> | &nbsp;&nbsp; 6465 | 6575292 |
| 4.89%, 07/21/28, (1-day SOFR + 0.84%)<sup>(c)</sup> | &nbsp;&nbsp; 4615 | 4684440 |
| 4.94%, 02/11/31, (1-day SOFR + 0.89%)<sup>(c)</sup> | &nbsp;&nbsp; 7495 | 7733040 |
| 4.98%, 03/14/30, (1-day SOFR + 1.09%)<sup>(c)</sup> | &nbsp;&nbsp; 5660 | 5825682 |
| 5.80%, 10/25/28, (1-day SOFR Index + <br> 1.80%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 7135 | 7355487 |
| 6.32%, 10/25/29, (1-day SOFR + 1.60%)<sup>(c)</sup> | &nbsp;&nbsp; 5630 | 5958478 |
| Series J, 1.90%, 01/25/29 | &nbsp;&nbsp; 2070 | 1967758 |
| Bank of New Zealand |  |  |
| 4.85%, 02/07/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4203 | 4285614 |
| 5.08%, 01/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3907 | 4037828 |
| 5.70%, 01/28/35, (5-year CMT + <br> 1.30%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 2990 | 3118216 |
| Bank of Nova Scotia(The) |  |  |
| 2.95%, 03/11/27 | &nbsp;&nbsp; 3859 | 3830040 |
| 4.04%, 09/15/28, (1-day SOFR + 0.76%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6845 | 6854859 |
| 4.25%, 02/02/30, (1-day SOFR + 0.73%)<sup>(c)</sup> | &nbsp;&nbsp; 6335 | 6366260 |
| 4.34%, 09/15/31, (1-day SOFR + 1.09%)<sup>(c)</sup> | &nbsp;&nbsp; 5940 | 5961153 |
| 4.40%, 09/08/28, (1-day SOFR + 1.00%)<sup>(c)</sup> | &nbsp;&nbsp; 8974 | 9032402 |
| 4.85%, 02/01/30 | &nbsp;&nbsp; 7460 | 7679257 |
| 4.93%, 02/14/29, (1-day SOFR + 0.89%)<sup>(c)</sup> | &nbsp;&nbsp; 6985 | 7111971 |
| 5.13%, 02/14/31, (1-day SOFR + 1.07%)<sup>(c)</sup> | &nbsp;&nbsp; 6225 | 6445526 |
| 5.25%, 06/12/28 | &nbsp;&nbsp; 4155 | 4281547 |
| 5.40%, 06/04/27 | &nbsp;&nbsp; 4490 | 4579649 |
| 5.45%, 08/01/29 | &nbsp;&nbsp; 4650 | 4868430 |
| 7.35%, 04/27/85, (5-year CMT + 2.90%)<sup>(c)</sup> | &nbsp;&nbsp; 5510 | 5778905 |
| 8.00%, 01/27/84, (5-year CMT + 4.02%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4030 | 4312293 |
| 8.63%, 10/27/82, (5-year CMT + 4.39%)<sup>(c)</sup> | &nbsp;&nbsp; 4070 | 4302067 |
| BankUnited, Inc., 5.13%, 06/11/30<sup>(a)</sup> | &nbsp;&nbsp; 1300 | 1311060 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Banque Federative du Credit Mutuel SA |  |  |
| 4.54%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; $8655 | $8704181 |
| 4.59%, 10/16/28<sup>(b)</sup> | &nbsp;&nbsp; 3675 | 3719737 |
| 4.75%, 07/13/27<sup>(b)</sup> | &nbsp;&nbsp; 3900 | 3941223 |
| 5.19%, 02/16/28<sup>(b)</sup> | &nbsp;&nbsp; 4760 | 4867780 |
| 5.54%, 01/22/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5495 | 5752437 |
| 5.79%, 07/13/28<sup>(b)</sup> | &nbsp;&nbsp; 3857 | 4005958 |
| Barclays Bank PLC |  |  |
| 4.40%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp; 180 | 181022 |
| 4.40%, 06/16/27<sup>(b)</sup> | &nbsp;&nbsp; 380 | 381915 |
| Barclays PLC |  |  |
| 2.65%, 06/24/31, (1-year CMT + 1.90%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6610 | 6169158 |
| 3.56%, 09/23/35, (5-year CMT + 2.90%)<sup>(c)</sup> | &nbsp;&nbsp; 4575 | 4357584 |
| 4.22%, 05/24/30, (1-day SOFR + 0.93%)<sup>(c)</sup> | &nbsp;&nbsp; 6000 | 6001312 |
| 4.34%, 01/10/28 | &nbsp;&nbsp; 7180 | 7199744 |
| 4.48%, 11/11/29, (1-day SOFR + 1.08%)<sup>(c)</sup> | &nbsp;&nbsp; 8875 | 8943687 |
| 4.52%, 02/24/32, (1-day SOFR + 1.14%)<sup>(c)</sup> | &nbsp;&nbsp; 6000 | 6013281 |
| 4.84%, 05/09/28<sup>(a)</sup> | &nbsp;&nbsp; 13055 | 13153557 |
| 4.84%, 09/10/28, (1-day SOFR + 1.34%)<sup>(c)</sup> | &nbsp;&nbsp; 8295 | 8383048 |
| 4.94%, 09/10/30, (1-day SOFR + 1.56%)<sup>(c)</sup> | &nbsp;&nbsp; 8847 | 9052380 |
| 4.97%, 05/16/29, (3-mo. SOFR US + <br> 2.16%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10195 | 10376550 |
| 5.09%, 02/25/29, (1-day SOFR + 0.96%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7210 | 7345390 |
| 5.09%, 06/20/30, (3-mo. SOFR US + <br> 3.32%)<sup>(c)</sup><br>| &nbsp;&nbsp; 8975 | 9153799 |
| 5.37%, 02/25/31, (1-day SOFR + 1.23%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 10860 | 11272991 |
| 5.50%, 08/09/28, (1-year CMT + 2.65%)<sup>(c)</sup> | &nbsp;&nbsp; 13765 | 14034180 |
| 5.67%, 03/12/28, (1-day SOFR + 1.49%)<sup>(c)</sup> | &nbsp;&nbsp; 7925 | 8050337 |
| 5.69%, 03/12/30, (1-day SOFR + 1.74%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 11070 | 11540490 |
| 6.49%, 09/13/29, (1-day SOFR + 2.22%)<sup>(c)</sup> | &nbsp;&nbsp; 6775 | 7155229 |
| 7.39%, 11/02/28, (1-year CMT + 3.30%)<sup>(c)</sup> | &nbsp;&nbsp; 10801 | 11374532 |
| BBVA Bancomer SA, 5.25%, 09/10/29<sup>(b)</sup> | &nbsp;&nbsp; 3430 | 3522953 |
| Blackstone Reg Finance Co. LLC, 4.30%, <br> 11/03/30<sup>(a)</sup><br>| &nbsp;&nbsp; 4365 | 4355488 |
| BNP Paribas SA |  |  |
| 1.90%, 09/30/28, (1-day SOFR + 1.61%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 10990 | 10623465 |
| 2.16%, 09/15/29, (1-day SOFR + 1.22%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 10000 | 9512356 |
| 2.59%, 08/12/35, (5-year CMT + 2.05%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6045 | 5539770 |
| 3.05%, 01/13/31, (1-day SOFR + 1.51%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 12917 | 12334569 |
| 3.50%, 11/16/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 8235 | 8175849 |
| 4.38%, 03/01/33, (5-year USD Swap + <br> 1.48%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 8565 | 8527900 |
| 4.40%, 08/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 12700 | 12783194 |
| 4.63%, 03/13/27<sup>(b)</sup> | &nbsp;&nbsp; 8273 | 8318288 |
| 4.79%, 05/09/29, (1-day SOFR + 1.45%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 8695 | 8805331 |
| 5.09%, 05/09/31, (1-day SOFR + 1.68%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9590 | 9859952 |
| 5.13%, 01/13/29, (1-year CMT + 1.45%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 12385 | 12641763 |
| 5.18%, 01/09/30, (1-day SOFR + 1.52%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9824 | 10104350 |
| 5.20%, 01/10/30, (3-mo. CME Term SOFR + <br> 2.83%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 5285 | 5431391 |
| 5.28%, 11/19/30, (1-day SOFR + 1.28%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9555 | 9898548 |
| 5.34%, 06/12/29, (1-year CMT + 1.50%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 11065 | 11369128 |
| 5.50%, 05/20/30, (1-day SOFR + 1.59%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9340 | 9697877 |
| BPCE SA |  |  |
| 2.28%, 01/20/32, (1-day SOFR + 1.31%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6280 | 5655480 |
| 2.70%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 3860 | 3675131 |
| 3.25%, 01/11/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4345 | 4293387 |
| 3.50%, 10/23/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 6710 | 6661516 |
| 4.63%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp; 5100 | 5158784 |
| 4.75%, 07/19/27<sup>(b)</sup> | &nbsp;&nbsp; 3775 | 3819127 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.76%, 01/13/32, (1-day SOFR + <br> 1.27%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; $6275 | $6329000 |
| 5.13%, 01/18/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2648 | 2704342 |
| 5.28%, 05/30/29<sup>(b)</sup> | &nbsp;&nbsp; 3555 | 3677435 |
| 5.39%, 05/28/31, (1-day SOFR + 1.58%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6595 | 6822672 |
| 5.72%, 01/18/30, (1-day SOFR + <br> 1.96%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5645 | 5864638 |
| 5.88%, 01/14/31, (1-day SOFR + 1.68%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 8575 | 9015577 |
| 6.71%, 10/19/29, (1-day SOFR + <br> 2.27%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 6775 | 7194845 |
| CaixaBank SA |  |  |
| 4.63%, 07/03/29, (1-day SOFR + 1.14%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5200 | 5262633 |
| 4.89%, 07/03/31, (1-day SOFR + 1.36%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5845 | 5965185 |
| 5.67%, 03/15/30, (1-day SOFR Index + <br> 1.78%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 5740 | 5985766 |
| 6.21%, 01/18/29, (1-day SOFR + <br> 2.70%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 7274 | 7550873 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.45%, 04/07/27 | &nbsp;&nbsp; 5167 | 5151690 |
| 4.24%, 09/08/28, (1-day SOFR Index + <br> 0.60%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 5230 | 5253552 |
| 4.28%, 01/29/30, (1-day SOFR Index + <br> 0.79%)<sup>(c)</sup><br>| &nbsp;&nbsp; 9695 | 9760137 |
| 4.58%, 09/08/31, (1-day SOFR Index + <br> 1.17%)<sup>(c)</sup><br>| &nbsp;&nbsp; 6275 | 6367853 |
| 4.63%, 09/11/30, (1-day SOFR + 1.34%)<sup>(c)</sup> | &nbsp;&nbsp; 3745 | 3812224 |
| 4.86%, 03/30/29, (1-day SOFR + 1.03%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7650 | 7788143 |
| 5.00%, 04/28/28 | &nbsp;&nbsp; 5097 | 5213969 |
| 5.24%, 06/28/27 | &nbsp;&nbsp; 7050 | 7179315 |
| 5.25%, 01/13/31, (1-day SOFR + 1.11%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5590 | 5808762 |
| 5.26%, 04/08/29 | &nbsp;&nbsp; 6790 | 7047116 |
| 5.99%, 10/03/28 | &nbsp;&nbsp; 3590 | 3767419 |
| 6.95%, 01/28/85, (5-year CMT + 2.83%)<sup>(c)</sup> | &nbsp;&nbsp; 2850 | 2947122 |
| 7.00%, 10/28/85, (5-year CMT + 3.00%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 3900 | 4043415 |
| Capital One NA |  |  |
| 2.70%, 02/06/30<sup>(a)</sup> | &nbsp;&nbsp; 3995 | 3796425 |
| 4.65%, 09/13/28 | &nbsp;&nbsp; 4952 | 5030263 |
| CIMB Bank Bhd, 2.13%, 07/20/27<sup>(b)</sup> | &nbsp;&nbsp; 5270 | 5147906 |
| Citibank N.A. |  |  |
| 4.58%, 05/29/27 | &nbsp;&nbsp; 13365 | 13482490 |
| 4.84%, 08/06/29 | &nbsp;&nbsp; 9349 | 9603062 |
| 4.91%, 05/29/30 | &nbsp;&nbsp; 14705 | 15190268 |
| 5.80%, 09/29/28 | &nbsp;&nbsp; 13450 | 14086463 |
| Citigroup, Inc. |  |  |
| 2.57%, 06/03/31, (1-day SOFR + 2.11%)<sup>(c)</sup> | &nbsp;&nbsp; 21030 | 19657158 |
| 2.67%, 01/29/31, (1-day SOFR + 1.15%)<sup>(c)</sup> | &nbsp;&nbsp; 13365 | 12609759 |
| 2.98%, 11/05/30, (1-day SOFR + 1.42%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 13509 | 12945904 |
| 3.52%, 10/27/28, (3-mo. CME Term SOFR + <br> 1.41%)<sup>(c)</sup><br>| &nbsp;&nbsp; 16674 | 16546931 |
| 3.67%, 07/24/28, (3-mo. CME Term SOFR + <br> 1.65%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 15610 | 15536056 |
| 3.98%, 03/20/30, (3-mo. CME Term SOFR + <br> 1.60%)<sup>(c)</sup><br>| &nbsp;&nbsp; 15795 | 15741334 |
| 4.08%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 11600 | 11617204 |
| 4.13%, 07/25/28 | &nbsp;&nbsp; 11414 | 11428670 |
| 4.41%, 03/31/31, (1-day SOFR + 3.91%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 24390 | 24517132 |
| 4.45%, 09/29/27 | &nbsp;&nbsp; 22993 | 23131827 |
| 4.50%, 09/11/31, (1-day SOFR + 1.17%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 14000 | 14106871 |
| 4.54%, 09/19/30, (1-day SOFR + 1.34%)<sup>(c)</sup> | &nbsp;&nbsp; 17510 | 17716617 |
| 4.64%, 05/07/28, (1-day SOFR + 1.14%)<sup>(c)</sup> | &nbsp;&nbsp; 15765 | 15874697 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.66%, 05/24/28, (1-day SOFR + 1.89%)<sup>(c)</sup> | &nbsp;&nbsp; $9540 | $9609946 |
| 4.79%, 03/04/29, (1-day SOFR + 0.87%)<sup>(c)</sup> | &nbsp;&nbsp; 12455 | 12642212 |
| 4.95%, 05/07/31, (1-day SOFR + 1.46%)<sup>(c)</sup> | &nbsp;&nbsp; 12060 | 12368490 |
| 5.17%, 02/13/30, (1-day SOFR + 1.36%)<sup>(c)</sup> | &nbsp;&nbsp; 17995 | 18541722 |
| 5.59%, 11/19/34, (5-year CMT + 1.28%)<sup>(c)</sup> | &nbsp;&nbsp; 7100 | 7325431 |
| 6.63%, 01/15/28 | &nbsp;&nbsp; 3255 | 3417762 |
| Citizens Bank NA, 4.58%, 08/09/28, (1-day <br> SOFR + 2.00%)<sup>(c)</sup><br>| &nbsp;&nbsp; 3898 | 3930391 |
| Citizens Bank NA/Providence RI, 4.19%, <br> 01/29/29, (1-day SOFR + 0.70%)<sup>(c)</sup><br>| &nbsp;&nbsp; 6810 | 6819036 |
| Citizens Financial Group, Inc. |  |  |
| 2.50%, 02/06/30 | &nbsp;&nbsp; 1820 | 1708240 |
| 3.25%, 04/30/30 | &nbsp;&nbsp; 5505 | 5294610 |
| 5.25%, 03/05/31, (1-day SOFR + 1.26%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4850 | 5003078 |
| 5.30%, 01/29/36, (5-year CMT + 1.45%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 2335 | 2367122 |
| 5.84%, 01/23/30, (1-day SOFR + 2.01%)<sup>(c)</sup> | &nbsp;&nbsp; 7355 | 7690670 |
| Commonwealth Bank of Australia |  |  |
| 2.55%, 03/14/27<sup>(b)</sup> | &nbsp;&nbsp; 3722 | 3682207 |
| 3.15%, 09/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3255 | 3233511 |
| 3.61%, 09/12/34, (5-year CMT + <br> 2.05%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5975 | 5823036 |
| 3.90%, 03/16/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5420 | 5441213 |
| 4.15%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5060 | 5118483 |
| 4.61%, 03/14/30<sup>(b)</sup> | &nbsp;&nbsp; 3695 | 3797419 |
| Commonwealth Bank of Australia/New York, <br> 4.42%, 03/14/28<br>| &nbsp;&nbsp; 4205 | 4268166 |
| Cooperatieve Rabobank UA |  |  |
| 3.65%, 04/06/28, (1-year CMT + 1.22%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6729 | 6708965 |
| 4.66%, 08/22/28, (1-year CMT + 1.75%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9729 | 9823021 |
| 4.99%, 05/27/31, (1-year CMT + <br> 0.92%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 4545 | 4683073 |
| 5.45%, 03/05/30, (1-year CMT + 1.12%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 4390 | 4555117 |
| 5.56%, 02/28/29, (1-year CMT + <br> 1.40%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 4540 | 4674991 |
| Cooperatieve Rabobank UA/NY |  |  |
| 3.74%, 01/14/28 | &nbsp;&nbsp; 2475 | 2478793 |
| 3.96%, 10/17/28 | &nbsp;&nbsp; 4040 | 4067793 |
| 4.16%, 01/14/31<sup>(a)</sup> | &nbsp;&nbsp; 3430 | 3455002 |
| 4.37%, 05/27/27 | &nbsp;&nbsp; 2815 | 2839059 |
| 4.49%, 10/17/29<sup>(a)</sup> | &nbsp;&nbsp; 4235 | 4333705 |
| 4.80%, 01/09/29 | &nbsp;&nbsp; 2295 | 2357917 |
| 4.88%, 01/21/28<sup>(a)</sup> | &nbsp;&nbsp; 2525 | 2583884 |
| 5.04%, 03/05/27 | &nbsp;&nbsp; 3522 | 3569909 |
| Credit Agricole SA |  |  |
| 3.25%, 01/14/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7367 | 7082541 |
| 4.00%, 01/10/33, (5-year USD Swap + <br> 1.64%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 6353 | 6308455 |
| 4.63%, 09/11/28, (1-day SOFR + <br> 1.21%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 6514 | 6569613 |
| 4.66%, 01/12/32, (1-day SOFR + 1.17%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 11875 | 11954044 |
| 5.13%, 03/11/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4463 | 4523855 |
| 5.22%, 05/27/31, (1-day SOFR + 1.46%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 10625 | 10986232 |
| 5.23%, 01/09/29, (1-day SOFR + 1.13%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7765 | 7927501 |
| 5.30%, 07/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6635 | 6836370 |
| 5.34%, 01/10/30, (1-day SOFR + <br> 1.69%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5370 | 5542146 |
| 6.32%, 10/03/29, (1-day SOFR + 1.86%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9760 | 10272773 |
| Danske Bank A/S |  |  |
| 4.30%, 04/01/28, (1-year CMT + 1.75%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6301 | 6324296 |
| 4.38%, 06/12/28<sup>(b)</sup> | &nbsp;&nbsp; 2188 | 2208537 |
| 4.42%, 09/12/31, (1-year CMT + 0.85%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5990 | 6017032 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.61%, 10/02/30, (1-year CMT + <br> 1.10%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; $5980 | $6058368 |
| 5.02%, 03/04/31, (1-year CMT + <br> 0.93%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5325 | 5474414 |
| 5.43%, 03/01/28, (1-year CMT + 0.95%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5164 | 5240278 |
| 5.71%, 03/01/30, (1-year CMT + 1.40%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7142 | 7453730 |
| DBS Group Holdings Ltd. |  |  |
| 1.19%, 03/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2257 | 2199727 |
| 4.40%, 03/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1245 | 1263303 |
| Deutsche Bank AG/New York NY |  |  |
| 3.55%, 09/18/31, (1-day SOFR + 3.04%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9585 | 9206715 |
| 3.73%, 01/14/32, (1-day SOFR + 2.76%)<sup>(c)</sup> | &nbsp;&nbsp; 6265 | 5960604 |
| 4.47%, 12/10/31, (1-day SOFR + 1.10%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6840 | 6879216 |
| 4.73%, 02/06/32, (1-day SOFR + 1.14%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4840 | 4881358 |
| 4.88%, 12/01/32, (5-year USD ICE Swap + <br> 2.55%)<sup>(c)</sup><br>| &nbsp;&nbsp; 5995 | 6016078 |
| 4.95%, 08/04/31, (1-day SOFR + 1.30%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9640 | 9818048 |
| 5.00%, 09/11/30, (1-day SOFR + 1.70%)<sup>(c)</sup> | &nbsp;&nbsp; 7195 | 7350820 |
| 5.30%, 05/09/31, (1-day SOFR + 1.72%)<sup>(c)</sup> | &nbsp;&nbsp; 9080 | 9376491 |
| 5.37%, 09/09/27 | &nbsp;&nbsp; 1855 | 1902901 |
| 5.37%, 01/10/29, (1-day SOFR + 1.21%)<sup>(c)</sup> | &nbsp;&nbsp; 8380 | 8564305 |
| 5.41%, 05/10/29 | &nbsp;&nbsp; 5827 | 6075642 |
| 5.88%, 07/08/31, (1-day SOFR + 5.44%)<sup>(c)</sup> | &nbsp;&nbsp; 3190 | 3325414 |
| 6.72%, 01/18/29, (1-day SOFR + 3.18%)<sup>(c)</sup> | &nbsp;&nbsp; 10242 | 10711715 |
| 6.82%, 11/20/29, (1-day SOFR + 2.51%)<sup>(c)</sup> | &nbsp;&nbsp; 8000 | 8520036 |
| DNB Bank ASA |  |  |
| 1.61%, 03/30/28, (1-year CMT + 0.68%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 2385 | 2327095 |
| 4.38%, 11/04/31, (1-day SOFR + 1.05%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7260 | 7294757 |
| 4.85%, 11/05/30, (1-day SOFR + 1.05%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6767 | 6951734 |
| Federation des Caisses Desjardins du Quebec |  |  |
| 4.55%, 08/23/27<sup>(b)</sup> | &nbsp;&nbsp; 1158 | 1171312 |
| 4.57%, 08/26/30<sup>(b)</sup> | &nbsp;&nbsp; 4125 | 4179799 |
| 5.25%, 04/26/29<sup>(b)</sup> | &nbsp;&nbsp; 5915 | 6134193 |
| 5.70%, 03/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3874 | 4009029 |
| Fifth Third Bancorp |  |  |
| 2.55%, 05/05/27 | &nbsp;&nbsp; 3254 | 3204313 |
| 3.95%, 03/14/28 | &nbsp;&nbsp; 3460 | 3461285 |
| 4.06%, 04/25/28, (1-day SOFR + 1.36%)<sup>(c)</sup> | &nbsp;&nbsp; 1465 | 1464823 |
| 4.77%, 07/28/30, (1-day SOFR + 2.13%)<sup>(c)</sup> | &nbsp;&nbsp; 6430 | 6537734 |
| 4.90%, 09/06/30, (1-day SOFR + 1.49%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4985 | 5089180 |
| 5.63%, 01/29/32, (1-day SOFR + 1.84%)<sup>(c)</sup> | &nbsp;&nbsp; 5505 | 5806851 |
| 6.34%, 07/27/29, (1-day SOFR + 2.34%)<sup>(c)</sup> | &nbsp;&nbsp; 6932 | 7289326 |
| 6.36%, 10/27/28, (1-day SOFR Index + <br> 2.19%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 8706 | 9034235 |
| Fifth Third Financial Corp. |  |  |
| 4.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3089 | 3082016 |
| 5.98%, 01/30/30, (1-day SOFR + 2.16%)<sup>(c)</sup> | &nbsp;&nbsp; 5600 | 5870004 |
| First Citizens BancShares Inc/NC, 4.87%, <br> 03/03/32, (1-day SOFR + 1.49%)<sup>(c)</sup><br>| &nbsp;&nbsp; 2125 | 2119086 |
| First Citizens BancShares, Inc. |  |  |
| 5.23%, 03/12/31, (1-day SOFR + 1.41%)<sup>(c)</sup> | &nbsp;&nbsp; 3650 | 3717027 |
| 5.60%, 09/05/35, (5-year CMT + 1.85%)<sup>(c)</sup> | &nbsp;&nbsp; 3215 | 3228556 |
| First Horizon Bank, 5.75%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2074251 |
| First Horizon Corp., 5.51%, 03/07/31, (1-day <br> SOFR + 1.77%)<sup>(c)</sup><br>| &nbsp;&nbsp; 2400 | 2484768 |
| First-Citizens Bank & Trust Co., 6.13%, <br> 03/09/28<br>| &nbsp;&nbsp; 2058 | 2130560 |
| FNB Corp., 5.72%, 12/11/30, (1-day SOFR <br> Index + 1.93%)<sup>(c)</sup><br>| &nbsp;&nbsp; 3124 | 3212641 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 1.99%, 01/27/32, (1-day SOFR + 1.09%)<sup>(c)</sup> | &nbsp;&nbsp; 6760 | 6048658 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.60%, 02/07/30 | &nbsp;&nbsp; $12072 | $11416699 |
| 3.62%, 03/15/28, (1-day SOFR + 1.85%)<sup>(c)</sup> | &nbsp;&nbsp; 18721 | 18635195 |
| 3.69%, 06/05/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(c)</sup><br>| &nbsp;&nbsp; 17404 | 17322317 |
| 3.80%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 13680 | 13547402 |
| 3.81%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(c)</sup><br>| &nbsp;&nbsp; 13510 | 13431825 |
| 4.15%, 01/21/29, (1-day SOFR + 0.71%)<sup>(c)</sup> | &nbsp;&nbsp; 36495 | 36510116 |
| 4.15%, 10/21/29, (1-day SOFR + 0.90%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 14060 | 14064407 |
| 4.22%, 05/01/29, (3-mo. CME Term SOFR + <br> 1.56%)<sup>(c)</sup><br>| &nbsp;&nbsp; 18938 | 18994007 |
| 4.37%, 10/21/31, (1-day SOFR + 1.06%)<sup>(c)</sup> | &nbsp;&nbsp; 18350 | 18361852 |
| 4.48%, 08/23/28, (1-day SOFR + 1.73%)<sup>(c)</sup> | &nbsp;&nbsp; 17745 | 17865973 |
| 4.52%, 01/21/32, (1-day SOFR + 0.96%)<sup>(c)</sup> | &nbsp;&nbsp; 25980 | 26140423 |
| 4.69%, 10/23/30, (1-day SOFR + 1.14%)<sup>(c)</sup> | &nbsp;&nbsp; 11020 | 11199406 |
| 4.94%, 04/23/28, (1-day SOFR + 1.32%)<sup>(c)</sup> | &nbsp;&nbsp; 15425 | 15570671 |
| 5.05%, 07/23/30, (1-day SOFR + 1.21%)<sup>(c)</sup> | &nbsp;&nbsp; 14564 | 14941004 |
| 5.21%, 01/28/31, (1-day SOFR + 1.08%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 12535 | 12988958 |
| 5.22%, 04/23/31, (1-day SOFR + 1.58%)<sup>(c)</sup> | &nbsp;&nbsp; 17520 | 18136857 |
| 5.73%, 04/25/30, (1-day SOFR + 1.27%)<sup>(c)</sup> | &nbsp;&nbsp; 13677 | 14289596 |
| 6.48%, 10/24/29, (1-day SOFR + 1.77%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 15230 | 16122670 |
| HSBC Holdings PLC |  |  |
| 2.01%, 09/22/28, (1-day SOFR + 1.73%)<sup>(c)</sup> | &nbsp;&nbsp; 16295 | 15806964 |
| 2.21%, 08/17/29, (1-day SOFR + 1.29%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 11743 | 11228424 |
| 2.36%, 08/18/31, (1-day SOFR + 1.95%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4350 | 4003894 |
| 2.85%, 06/04/31, (1-day SOFR + 2.39%)<sup>(c)</sup> | &nbsp;&nbsp; 11245 | 10618748 |
| 3.97%, 05/22/30, (3-mo. CME Term SOFR + <br> 1.87%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 17901 | 17804235 |
| 4.04%, 03/13/28, (3-mo. CME Term SOFR + <br> 1.81%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 15375 | 15382788 |
| 4.58%, 06/19/29, (3-mo. CME Term SOFR + <br> 1.80%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 16675 | 16846813 |
| 4.62%, 11/06/31, (1-day SOFR + 1.19%)<sup>(c)</sup> | &nbsp;&nbsp; 9695 | 9806081 |
| 4.76%, 06/09/28, (1-day SOFR + 2.11%)<sup>(c)</sup> | &nbsp;&nbsp; 15371 | 15499360 |
| 4.90%, 03/03/29, (1-day SOFR + 1.03%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 8470 | 8608208 |
| 4.95%, 03/31/30 | &nbsp;&nbsp; 13825 | 14250583 |
| 5.13%, 11/19/28, (1-day SOFR + 1.04%)<sup>(c)</sup> | &nbsp;&nbsp; 12390 | 12614809 |
| 5.13%, 03/03/31, (1-day SOFR + 1.29%)<sup>(c)</sup> | &nbsp;&nbsp; 10805 | 11148885 |
| 5.21%, 08/11/28, (1-day SOFR + 2.61%)<sup>(c)</sup> | &nbsp;&nbsp; 16059 | 16311700 |
| 5.24%, 05/13/31, (1-day SOFR + 1.57%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 14905 | 15441069 |
| 5.29%, 11/19/30, (1-day SOFR + 1.29%)<sup>(c)</sup> | &nbsp;&nbsp; 12110 | 12553608 |
| 5.55%, 03/04/30, (1-day SOFR + 1.46%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 8760 | 9111633 |
| 5.60%, 05/17/28, (1-day SOFR + 1.06%)<sup>(c)</sup> | &nbsp;&nbsp; 12379 | 12605416 |
| 6.16%, 03/09/29, (1-day SOFR + 1.97%)<sup>(c)</sup> | &nbsp;&nbsp; 12235 | 12721404 |
| 7.39%, 11/03/28, (1-day SOFR + 3.35%)<sup>(c)</sup> | &nbsp;&nbsp; 16719 | 17616299 |
| HSBC USA, Inc. |  |  |
| 4.65%, 06/03/28 | &nbsp;&nbsp; 5375 | 5465627 |
| 5.29%, 03/04/27<sup>(a)</sup> | &nbsp;&nbsp; 6155 | 6245270 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.55%, 02/04/30 | &nbsp;&nbsp; 3546 | 3338817 |
| 4.44%, 08/04/28, (1-day SOFR + 1.97%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5569 | 5605487 |
| 4.62%, 01/28/32, (1-day SOFR + 0.99%)<sup>(c)</sup> | &nbsp;&nbsp; 5665 | 5718774 |
| 5.27%, 01/15/31, (1-day SOFR + 1.28%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 8115 | 8400612 |
| 6.21%, 08/21/29, (1-day SOFR + 2.02%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6642 | 6975647 |
| Huntington National Bank(The) |  |  |
| 4.55%, 05/17/28, (1-day SOFR Index + <br> 1.65%)<sup>(c)</sup><br>| &nbsp;&nbsp; 4835 | 4870024 |
| 4.87%, 04/12/28, (1-day SOFR + 0.72%)<sup>(c)</sup> | &nbsp;&nbsp; 5905 | 5954358 |
| 5.65%, 01/10/30 | &nbsp;&nbsp; 4925 | 5187128 |
| ICICI Bank Ltd./Dubai, 3.80%, 12/14/27<sup>(b)</sup> | &nbsp;&nbsp; 2135 | 2124019 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Independent Bank Corp., 7.25%, 04/01/35, <br> (3-mo. CME Term SOFR + 3.53%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; $2270 | $2363049 |
| Industrial & Commercial Bank of China <br> Ltd./New York, 3.54%, 11/08/27<br>| &nbsp;&nbsp; 3164 | 3153215 |
| ING Groep NV |  |  |
| 3.95%, 03/29/27 | &nbsp;&nbsp; 7544 | 7551035 |
| 4.02%, 03/28/28, (1-day SOFR + 1.83%)<sup>(c)</sup> | &nbsp;&nbsp; 5890 | 5894292 |
| 4.05%, 04/09/29 | &nbsp;&nbsp; 6013 | 6020559 |
| 4.55%, 10/02/28 | &nbsp;&nbsp; 6847 | 6940922 |
| 4.86%, 03/25/29, (1-day SOFR + 1.01%)<sup>(c)</sup> | &nbsp;&nbsp; 4160 | 4232297 |
| 5.07%, 03/25/31, (1-day SOFR Index + <br> 1.23%)<sup>(c)</sup><br>| &nbsp;&nbsp; 6970 | 7185848 |
| 5.34%, 03/19/30, (1-day SOFR + 1.44%)<sup>(c)</sup> | &nbsp;&nbsp; 8535 | 8841803 |
| Intercorp Peru Ltd., 3.88%, 08/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1515 | 1480958 |
| Intesa Sanpaolo SpA |  |  |
| 3.88%, 07/14/27<sup>(b)</sup> | &nbsp;&nbsp; 678 | 677074 |
| 3.88%, 01/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1622 | 1615428 |
| Series NR, 4.00%, 09/23/29<sup>(b)</sup> | &nbsp;&nbsp; 2000 | 1988502 |
| JPMorgan Chase & Co. |  |  |
| 1.05%, 06/23/27 | &nbsp;&nbsp; 30 | 28957 |
| 1.76%, 11/19/31, (3-mo. CME Term SOFR + <br> 1.11%)<sup>(c)</sup><br>| &nbsp;&nbsp; 5475 | 4904114 |
| 1.95%, 02/04/32, (1-day SOFR + 1.07%)<sup>(c)</sup> | &nbsp;&nbsp; 10300 | 9244540 |
| 2.07%, 06/01/29, (1-day SOFR + 1.02%)<sup>(c)</sup> | &nbsp;&nbsp; 11414 | 10948019 |
| 2.18%, 06/01/28, (1-day SOFR + 1.89%)<sup>(c)</sup> | &nbsp;&nbsp; 10116 | 9895744 |
| 2.52%, 04/22/31, (1-day SOFR + 2.04%)<sup>(c)</sup> | &nbsp;&nbsp; 17150 | 16092491 |
| 2.74%, 10/15/30, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(c)</sup><br>| &nbsp;&nbsp; 21310 | 20374380 |
| 2.96%, 05/13/31, (3-mo. CME Term SOFR + <br> 2.52%)<sup>(c)</sup><br>| &nbsp;&nbsp; 17210 | 16376503 |
| 3.51%, 01/23/29, (3-mo. CME Term SOFR + <br> 1.21%)<sup>(c)</sup><br>| &nbsp;&nbsp; 14570 | 14445802 |
| 3.54%, 05/01/28, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(c)</sup><br>| &nbsp;&nbsp; 15342 | 15257321 |
| 3.63%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 6185 | 6155345 |
| 3.70%, 05/06/30, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(c)</sup><br>| &nbsp;&nbsp; 15725 | 15575791 |
| 4.01%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.38%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 13220 | 13219140 |
| 4.20%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.52%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 14422 | 14484426 |
| 4.25%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp; 8900 | 8963558 |
| 4.26%, 10/22/31, (1-day SOFR + 0.93%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 13070 | 13109060 |
| 4.32%, 04/26/28, (1-day SOFR + 1.56%)<sup>(c)</sup> | &nbsp;&nbsp; 18307 | 18369406 |
| 4.35%, 01/22/32, (1-day SOFR + 0.84%)<sup>(c)</sup> | &nbsp;&nbsp; 15435 | 15514251 |
| 4.45%, 12/05/29, (3-mo. CME Term SOFR + <br> 1.59%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 14006 | 14154987 |
| 4.49%, 03/24/31, (3-mo. CME Term SOFR + <br> 3.79%)<sup>(c)</sup><br>| &nbsp;&nbsp; 18712 | 18969910 |
| 4.51%, 10/22/28, (1-day SOFR + 0.86%)<sup>(c)</sup> | &nbsp;&nbsp; 13360 | 13477427 |
| 4.57%, 06/14/30, (1-day SOFR + 1.75%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 11695 | 11877848 |
| 4.60%, 10/22/30, (1-day SOFR + 1.04%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 15295 | 15577735 |
| 4.85%, 07/25/28, (1-day SOFR + 1.99%)<sup>(c)</sup> | &nbsp;&nbsp; 22031 | 22286252 |
| 4.92%, 01/24/29, (1-day SOFR + 0.80%)<sup>(c)</sup> | &nbsp;&nbsp; 13010 | 13247565 |
| 4.98%, 07/22/28, (1-day SOFR + 0.93%)<sup>(c)</sup> | &nbsp;&nbsp; 13875 | 14059291 |
| 5.00%, 07/22/30, (1-day SOFR + 1.13%)<sup>(c)</sup> | &nbsp;&nbsp; 15798 | 16273985 |
| 5.01%, 01/23/30, (1-day SOFR + 1.31%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 13958 | 14339624 |
| 5.10%, 04/22/31, (1-day SOFR + 1.44%)<sup>(c)</sup> | &nbsp;&nbsp; 14500 | 15037480 |
| 5.14%, 01/24/31, (1-day SOFR + 1.01%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 14832 | 15390981 |
| 5.30%, 07/24/29, (1-day SOFR + 1.45%)<sup>(c)</sup> | &nbsp;&nbsp; 14342 | 14762092 |
| 5.57%, 04/22/28, (1-day SOFR + 0.93%)<sup>(c)</sup> | &nbsp;&nbsp; 14968 | 15236388 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.58%, 04/22/30, (1-day SOFR + 1.16%)<sup>(c)</sup> | &nbsp;&nbsp; $16999 | $17753916 |
| 6.09%, 10/23/29, (1-day SOFR + 1.57%)<sup>(c)</sup> | &nbsp;&nbsp; 13552 | 14237845 |
| 8.00%, 04/29/27<sup>(a)</sup> | &nbsp;&nbsp; 3127 | 3273062 |
| 8.75%, 09/01/30 | &nbsp;&nbsp; 2040 | 2408693 |
| JPMorgan Chase Financial Co. LLC, 4.13%, <br> 09/21/29<br>| &nbsp;&nbsp; 110 | 110125 |
| KBC Group NV |  |  |
| 4.45%, 09/23/31, (1-year CMT + 0.85%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 8495 | 8560243 |
| 4.93%, 10/16/30, (1-year CMT + 1.07%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6805 | 6979194 |
| 5.80%, 01/19/29, (1-year CMT + 2.10%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 4515 | 4662436 |
| KEB Hana Bank |  |  |
| 3.25%, 03/30/27<sup>(b)</sup> | &nbsp;&nbsp; 1810 | 1798733 |
| 4.00%, 10/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1995 | 2010079 |
| 5.38%, 04/23/27<sup>(b)</sup> | &nbsp;&nbsp; 965 | 982027 |
| 5.38%, 04/23/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1025 | 1071232 |
| 5.75%, 10/24/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 725 | 760891 |
| Keybank National Association |  |  |
| 3.90%, 04/13/29 | &nbsp;&nbsp; 1885 | 1865379 |
| 5.85%, 11/15/27 | &nbsp;&nbsp; 4843 | 4987107 |
| 6.95%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1885 | 1977719 |
| KeyCorp |  |  |
| 2.25%, 04/06/27 | &nbsp;&nbsp; 3473 | 3409575 |
| 2.55%, 10/01/29 | &nbsp;&nbsp; 4146 | 3943066 |
| 4.10%, 04/30/28 | &nbsp;&nbsp; 4470 | 4481388 |
| 5.12%, 04/04/31, (1-day SOFR Index + <br> 1.23%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 5170 | 5303702 |
| Kookmin Bank |  |  |
| 2.50%, 11/04/30<sup>(b)</sup> | &nbsp;&nbsp; 1930 | 1780436 |
| 4.38%, 05/08/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 615 | 622734 |
| 4.63%, 04/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3163 | 3218370 |
| 4.63%, 05/08/30<sup>(b)</sup> | &nbsp;&nbsp; 500 | 515280 |
| 5.25%, 05/08/29<sup>(b)</sup> | &nbsp;&nbsp; 355 | 369960 |
| 5.38%, 05/08/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 990 | 1008517 |
| Lloyds Banking Group PLC |  |  |
| 3.57%, 11/07/28, (3-mo. SOFR US + <br> 1.47%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10267 | 10198928 |
| 3.75%, 03/18/28, (1-year CMT + 1.80%)<sup>(c)</sup> | &nbsp;&nbsp; 3995 | 3985605 |
| 4.24%, 02/10/30, (1-year CMT + 0.60%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 3845 | 3862796 |
| 4.38%, 03/22/28 | &nbsp;&nbsp; 9162 | 9236036 |
| 4.43%, 11/04/31, (1-year CMT + 0.82%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9955 | 10003132 |
| 4.55%, 08/16/28 | &nbsp;&nbsp; 7220 | 7320608 |
| 4.82%, 06/13/29, (1-year CMT + 0.83%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7340 | 7464228 |
| 5.09%, 11/26/28, (1-year CMT + 0.85%)<sup>(c)</sup> | &nbsp;&nbsp; 7735 | 7877891 |
| 5.72%, 06/05/30, (1-year CMT + 1.07%)<sup>(c)</sup> | &nbsp;&nbsp; 8210 | 8620668 |
| 5.87%, 03/06/29, (1-year CMT + 1.70%)<sup>(c)</sup> | &nbsp;&nbsp; 6900 | 7151990 |
| M&T Bank Corp. |  |  |
| 4.55%, 08/16/28, (1-day SOFR Index + <br> 1.78%)<sup>(c)</sup><br>| &nbsp;&nbsp; 3165 | 3188190 |
| 4.83%, 01/16/29, (1-day SOFR + 0.93%)<sup>(c)</sup> | &nbsp;&nbsp; 4250 | 4319042 |
| 5.18%, 07/08/31, (1-day SOFR + 1.40%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 3575 | 3692019 |
| 5.40%, 07/30/35, (5-year CMT + 1.43%)<sup>(c)</sup> | &nbsp;&nbsp; 6295 | 6385238 |
| 7.41%, 10/30/29, (1-day SOFR + 2.80%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5417 | 5875794 |
| Macquarie Bank Ltd. |  |  |
| 3.62%, 06/03/30<sup>(b)</sup> | &nbsp;&nbsp; 4915 | 4764171 |
| 3.92%, 02/03/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3460 | 3473572 |
| 4.33%, 06/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4365 | 4418583 |
| 5.27%, 07/02/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3795 | 3874317 |
| Macquarie Group Ltd. |  |  |
| 1.94%, 04/14/28, (1-day SOFR + 1.00%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 2513 | 2454816 |
| 3.76%, 11/28/28, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 4215 | 4188364 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.10%, 06/21/28, (1-day SOFR + <br> 2.13%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; $3300 | $3301173 |
| 4.65%, 03/27/29, (3-mo. CME Term SOFR + <br> 1.99%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 2100 | 2123532 |
| 5.03%, 01/15/30, (3-mo. CME Term SOFR + <br> 2.01%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 4846 | 4970152 |
| Manufacturers & Traders Trust Co. |  |  |
| 3.40%, 08/17/27 | &nbsp;&nbsp; 2055 | 2040687 |
| 4.70%, 01/27/28 | &nbsp;&nbsp; 6778 | 6878398 |
| 4.76%, 07/06/28, (1-day SOFR + 0.95%)<sup>(c)</sup> | &nbsp;&nbsp; 4240 | 4280212 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 2.05%, 07/17/30<sup>(a)</sup> | &nbsp;&nbsp; 7385 | 6784501 |
| 2.56%, 02/25/30 | &nbsp;&nbsp; 7711 | 7277771 |
| 3.20%, 07/18/29 | &nbsp;&nbsp; 10000 | 9745130 |
| 3.29%, 07/25/27 | &nbsp;&nbsp; 5515 | 5485681 |
| 3.74%, 03/07/29<sup>(a)</sup> | &nbsp;&nbsp; 9130 | 9104448 |
| 3.96%, 03/02/28<sup>(a)</sup> | &nbsp;&nbsp; 8483 | 8505161 |
| 4.05%, 09/11/28 | &nbsp;&nbsp; 5380 | 5409826 |
| 4.08%, 04/19/28, (1-year CMT + 1.30%)<sup>(c)</sup> | &nbsp;&nbsp; 5662 | 5671994 |
| 4.51%, 01/14/32, (1-year CMT + 0.80%)<sup>(c)</sup> | &nbsp;&nbsp; 7030 | 7097849 |
| 4.53%, 09/12/31, (1-year CMT + 0.80%)<sup>(c)</sup> | &nbsp;&nbsp; 8350 | 8450304 |
| 5.02%, 07/20/28, (1-year CMT + 1.95%)<sup>(c)</sup> | &nbsp;&nbsp; 7350 | 7459483 |
| 5.16%, 04/24/31, (1-year CMT + 1.17%)<sup>(c)</sup> | &nbsp;&nbsp; 6260 | 6494523 |
| 5.20%, 01/16/31, (1-year CMT + 0.78%)<sup>(c)</sup> | &nbsp;&nbsp; 6500 | 6742643 |
| 5.24%, 04/19/29, (1-year CMT + 1.70%)<sup>(c)</sup> | &nbsp;&nbsp; 4252 | 4365587 |
| 5.26%, 04/17/30, (1-year CMT + 0.82%)<sup>(c)</sup> | &nbsp;&nbsp; 5015 | 5192988 |
| 5.35%, 09/13/28, (1-year CMT + 1.90%)<sup>(c)</sup> | &nbsp;&nbsp; 7965 | 8134450 |
| 5.42%, 02/22/29, (1-year CMT + 1.38%)<sup>(c)</sup> | &nbsp;&nbsp; 6015 | 6181002 |
| 5.48%, 02/22/31, (1-year CMT + 1.53%)<sup>(c)</sup> | &nbsp;&nbsp; 2900 | 3040079 |
| Mizuho Financial Group, Inc. |  |  |
| 1.98%, 09/08/31, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(c)</sup><br>| &nbsp;&nbsp; 4305 | 3911122 |
| 2.20%, 07/10/31, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(c)</sup><br>| &nbsp;&nbsp; 6260 | 5757973 |
| 2.59%, 05/25/31, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(c)</sup><br>| &nbsp;&nbsp; 3450 | 3237893 |
| 2.87%, 09/13/30, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(c)</sup><br>| &nbsp;&nbsp; 3170 | 3039680 |
| 3.15%, 07/16/30, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 4587 | 4452526 |
| 3.17%, 09/11/27 | &nbsp;&nbsp; 5695 | 5642969 |
| 3.26%, 05/22/30, (1-year CMT + 1.25%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 2830 | 2760847 |
| 3.66%, 02/28/27 | &nbsp;&nbsp; 1425 | 1422351 |
| 4.02%, 03/05/28 | &nbsp;&nbsp; 7165 | 7194850 |
| 4.25%, 09/11/29, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(c)</sup><br>| &nbsp;&nbsp; 6215 | 6247171 |
| 4.71%, 07/08/31, (1-year CMT + 0.92%)<sup>(c)</sup> | &nbsp;&nbsp; 7525 | 7673135 |
| 5.10%, 05/13/31, (1-year CMT + 0.82%)<sup>(c)</sup> | &nbsp;&nbsp; 5410 | 5604944 |
| 5.38%, 05/26/30, (1-year CMT + 1.12%)<sup>(c)</sup> | &nbsp;&nbsp; 4280 | 4443989 |
| 5.38%, 07/10/30, (1-year CMT + 1.08%)<sup>(c)</sup> | &nbsp;&nbsp; 4850 | 5043785 |
| 5.41%, 09/13/28, (1-year CMT + 2.05%)<sup>(c)</sup> | &nbsp;&nbsp; 6635 | 6788852 |
| 5.67%, 05/27/29, (1-year CMT + 1.50%)<sup>(c)</sup> | &nbsp;&nbsp; 5530 | 5729973 |
| 5.74%, 05/27/31, (1-year CMT + 1.65%)<sup>(c)</sup> | &nbsp;&nbsp; 5210 | 5521565 |
| 5.78%, 07/06/29, (1-year CMT + 1.65%)<sup>(c)</sup> | &nbsp;&nbsp; 7840 | 8153542 |
| Morgan Stanley |  |  |
| 1.79%, 02/13/32, (1-day SOFR + 1.03%)<sup>(c)</sup> | &nbsp;&nbsp; 15145 | 13409189 |
| 2.70%, 01/22/31, (1-day SOFR + 1.14%)<sup>(c)</sup> | &nbsp;&nbsp; 20455 | 19354896 |
| 3.59%, 07/22/28<sup>(c)</sup> | &nbsp;&nbsp; 20744 | 20615926 |
| 3.62%, 04/01/31, (1-day SOFR + 3.12%)<sup>(c)</sup> | &nbsp;&nbsp; 17495 | 17106492 |
| 3.77%, 01/24/29, (3-mo. CME Term SOFR + <br> 1.40%)<sup>(c)</sup><br>| &nbsp;&nbsp; 17930 | 17859296 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.95%, 04/23/27 | &nbsp;&nbsp; $11295 | $11290355 |
| 4.21%, 04/20/28, (1-day SOFR + 1.61%)<sup>(c)</sup> | &nbsp;&nbsp; 14495 | 14522768 |
| 4.24%, 01/09/30, (1-day SOFR + 0.80%)<sup>(c)</sup> | &nbsp;&nbsp; 13325 | 13371617 |
| 4.43%, 01/23/30, (3-mo. CME Term SOFR + <br> 1.89%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 18035 | 18203551 |
| 4.49%, 01/16/32, (1-day SOFR + 0.95%)<sup>(c)</sup> | &nbsp;&nbsp; 19290 | 19401857 |
| 4.65%, 10/18/30, (1-day SOFR + 1.10%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 17190 | 17470594 |
| 4.99%, 04/12/29, (1-day SOFR + 1.38%)<sup>(c)</sup> | &nbsp;&nbsp; 13280 | 13522017 |
| 5.04%, 07/19/30, (1-day SOFR + 1.22%)<sup>(c)</sup> | &nbsp;&nbsp; 13120 | 13499747 |
| 5.12%, 02/01/29, (1-day SOFR + 1.73%)<sup>(c)</sup> | &nbsp;&nbsp; 15965 | 16295988 |
| 5.16%, 04/20/29, (1-day SOFR + 1.59%)<sup>(c)</sup> | &nbsp;&nbsp; 16198 | 16565704 |
| 5.17%, 01/16/30, (1-day SOFR + 1.45%)<sup>(c)</sup> | &nbsp;&nbsp; 12653 | 13006898 |
| 5.19%, 04/17/31, (1-day SOFR + 1.51%)<sup>(c)</sup> | &nbsp;&nbsp; 16047 | 16623310 |
| 5.23%, 01/15/31, (1-day SOFR + 1.11%)<sup>(c)</sup> | &nbsp;&nbsp; 14700 | 15223067 |
| 5.45%, 07/20/29, (1-day SOFR + 1.63%)<sup>(c)</sup> | &nbsp;&nbsp; 13638 | 14063140 |
| 5.65%, 04/13/28, (1-day SOFR + 1.01%)<sup>(c)</sup> | &nbsp;&nbsp; 8530 | 8680910 |
| 5.66%, 04/18/30, (1-day SOFR + 1.26%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 13860 | 14476044 |
| 6.30%, 10/18/28, (1-day SOFR + 2.24%)<sup>(c)</sup> | &nbsp;&nbsp; 13193 | 13666847 |
| 6.41%, 11/01/29, (1-day SOFR + 1.83%)<sup>(c)</sup> | &nbsp;&nbsp; 12145 | 12859239 |
| Series I, 4.13%, 10/18/29, (1-day SOFR + <br> 0.91%)<sup>(c)</sup><br>| &nbsp;&nbsp; 9260 | 9274351 |
| Series I, 4.36%, 10/22/31, (1-day SOFR + <br> 1.07%)<sup>(c)</sup><br>| &nbsp;&nbsp; 15250 | 15285858 |
| Morgan Stanley Bank N.A. |  |  |
| 4.97%, 07/14/28, (1-day SOFR + 0.93%)<sup>(c)</sup> | &nbsp;&nbsp; 9520 | 9641931 |
| 5.02%, 01/12/29, (1-day SOFR + 0.91%)<sup>(c)</sup> | &nbsp;&nbsp; 12995 | 13245356 |
| 5.50%, 05/26/28, (1-day SOFR + 0.87%)<sup>(c)</sup> | &nbsp;&nbsp; 12071 | 12287548 |
| Morgan Stanley Private Bank N.A. |  |  |
| 4.20%, 11/17/28, (1-day SOFR + 0.78%)<sup>(c)</sup> | &nbsp;&nbsp; 14910 | 14965473 |
| 4.47%, 07/06/28, (1-day SOFR + 0.77%)<sup>(c)</sup> | &nbsp;&nbsp; 12805 | 12888617 |
| 4.47%, 11/19/31, (1-day SOFR + 1.02%)<sup>(c)</sup> | &nbsp;&nbsp; 19625 | 19745789 |
| 4.73%, 07/18/31, (1-day SOFR + 1.08%)<sup>(c)</sup> | &nbsp;&nbsp; 18390 | 18726474 |
| Series ., 4.21%, 02/08/30, (1-day SOFR + <br> 0.76%)<sup>(c)</sup><br>| &nbsp;&nbsp; 95 | 95452 |
| National Australia Bank Ltd. |  |  |
| 2.33%, 08/21/30<sup>(b)</sup> | &nbsp;&nbsp; 8675 | 7972757 |
| 3.93%, 08/02/34, (5-year CMT + <br> 1.88%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 8460 | 8335057 |
| National Australia Bank Ltd./New York |  |  |
| 3.85%, 12/13/28 | &nbsp;&nbsp; 2660 | 2670113 |
| 3.91%, 06/09/27<sup>(a)</sup> | &nbsp;&nbsp; 6651 | 6670615 |
| 4.15%, 01/13/31 | &nbsp;&nbsp; 2765 | 2791246 |
| 4.31%, 06/13/28<sup>(a)</sup> | &nbsp;&nbsp; 3960 | 4010295 |
| 4.50%, 10/26/27<sup>(a)</sup> | &nbsp;&nbsp; 5133 | 5203539 |
| 4.53%, 06/13/30<sup>(a)</sup> | &nbsp;&nbsp; 4520 | 4638565 |
| 4.79%, 01/10/29 | &nbsp;&nbsp; 6222 | 6412794 |
| 4.90%, 06/13/28 | &nbsp;&nbsp; 5595 | 5742407 |
| 4.90%, 01/14/30 | &nbsp;&nbsp; 4257 | 4415196 |
| 4.94%, 01/12/28<sup>(a)</sup> | &nbsp;&nbsp; 5775 | 5913921 |
| 5.09%, 06/11/27 | &nbsp;&nbsp; 4775 | 4857214 |
| National Bank of Canada |  |  |
| 4.17%, 01/20/29, (1-day SOFR Index + <br> 0.76%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 9115 | 9147831 |
| 4.50%, 10/10/29 | &nbsp;&nbsp; 5765 | 5859373 |
| 5.60%, 12/18/28 | &nbsp;&nbsp; 5190 | 5421031 |
| National Securities Clearing Corp. |  |  |
| 4.35%, 05/20/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3805 | 3834652 |
| 4.70%, 05/20/30<sup>(b)</sup> | &nbsp;&nbsp; 3630 | 3735912 |
| 4.90%, 06/26/29<sup>(b)</sup> | &nbsp;&nbsp; 4260 | 4392014 |
| 5.00%, 05/30/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3555 | 3641329 |
| 5.10%, 11/21/27<sup>(b)</sup> | &nbsp;&nbsp; 4084 | 4177113 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| NatWest Group PLC |  |  |
| 3.03%, 11/28/35, (5-year CMT + 2.35%)<sup>(a)(c)</sup> | &nbsp;&nbsp; $3010 | $2804606 |
| 3.07%, 05/22/28, (1-year CMT + 2.55%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6093 | 6030958 |
| 4.45%, 05/08/30, (3-mo. SOFR US + <br> 2.13%)<sup>(c)</sup><br>| &nbsp;&nbsp; 7494 | 7557022 |
| 4.89%, 05/18/29, (3-mo. SOFR US + <br> 2.01%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 10050 | 10232205 |
| 4.96%, 08/15/30, (1-year CMT + 1.22%)<sup>(c)</sup> | &nbsp;&nbsp; 8090 | 8293924 |
| 5.08%, 01/27/30, (3-mo. SOFR US + <br> 2.17%)<sup>(c)</sup><br>| &nbsp;&nbsp; 11030 | 11318719 |
| 5.12%, 05/23/31, (1-year CMT + 1.05%)<sup>(c)</sup> | &nbsp;&nbsp; 8545 | 8812629 |
| 5.52%, 09/30/28, (1-year CMT + 2.27%)<sup>(c)</sup> | &nbsp;&nbsp; 7220 | 7392498 |
| 5.58%, 03/01/28, (1-year CMT + 1.10%)<sup>(c)</sup> | &nbsp;&nbsp; 5755 | 5846380 |
| 5.81%, 09/13/29, (1-year CMT + 1.95%)<sup>(c)</sup> | &nbsp;&nbsp; 7287 | 7592229 |
| 6.48%, 06/01/34, (5-year CMT + 2.20%)<sup>(c)</sup> | &nbsp;&nbsp; 5785 | 6108146 |
| NatWest Markets PLC |  |  |
| 4.17%, 11/06/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4730 | 4746758 |
| 4.41%, 11/06/30<sup>(b)</sup> | &nbsp;&nbsp; 5405 | 5444996 |
| 4.79%, 03/21/28<sup>(b)</sup> | &nbsp;&nbsp; 5665 | 5760460 |
| 5.02%, 03/21/30<sup>(b)</sup> | &nbsp;&nbsp; 7070 | 7313307 |
| 5.41%, 05/17/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6340 | 6602225 |
| 5.42%, 05/17/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4585 | 4671222 |
| NBK SPC Ltd., 5.50%, 06/06/30, (1-day SOFR <br> + 1.16%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 2945 | 3053612 |
| NongHyup Bank |  |  |
| 4.25%, 07/06/27<sup>(b)</sup> | &nbsp;&nbsp; 3000 | 3018808 |
| 4.88%, 07/03/28<sup>(b)</sup> | &nbsp;&nbsp; 4200 | 4302299 |
| Nordea Bank Abp |  |  |
| 4.25%, 08/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4720 | 4771489 |
| 4.38%, 03/17/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2965 | 2999229 |
| 4.38%, 09/10/29<sup>(b)</sup> | &nbsp;&nbsp; 4779 | 4846331 |
| 4.63%, 09/13/33, (5-year USD Swap + <br> 1.69%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 2270 | 2280810 |
| 5.00%, 03/19/27<sup>(b)</sup> | &nbsp;&nbsp; 1657 | 1678410 |
| 5.38%, 09/22/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4943 | 5059216 |
| Norinchukin Bank(The) |  |  |
| 4.67%, 09/09/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3165 | 3212624 |
| 4.87%, 09/14/27<sup>(b)</sup> | &nbsp;&nbsp; 1245 | 1258783 |
| 5.09%, 10/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2540 | 2611688 |
| 5.43%, 03/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2450 | 2512228 |
| Northern Trust Corp. |  |  |
| 1.95%, 05/01/30 | &nbsp;&nbsp; 7215 | 6664471 |
| 3.15%, 05/03/29<sup>(a)</sup> | &nbsp;&nbsp; 2635 | 2586470 |
| 3.38%, 05/08/32, (3-mo. SOFR US + <br> 1.39%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 887 | 878098 |
| 3.65%, 08/03/28<sup>(a)</sup> | &nbsp;&nbsp; 1825 | 1825220 |
| 4.00%, 05/10/27 | &nbsp;&nbsp; 4702 | 4718019 |
| 4.15%, 11/19/30<sup>(a)</sup> | &nbsp;&nbsp; 3515 | 3545204 |
| Old National Bancorp/IN, 5.77%, 02/15/36, <br> (3-mo. CME Term SOFR + 2.20%)<sup>(c)</sup><br>| &nbsp;&nbsp; 120 | 121650 |
| Oversea-Chinese Banking Corp. Ltd., 4.55%, <br> 09/08/35, (5-year CMT + 0.80%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 5000 | 5025931 |
| Pinnacle Bank/Nashville, 5.63%, 02/15/28 | &nbsp;&nbsp; 2511 | 2564305 |
| Pinnacle Bank/Nashville TN, 5.96%, 01/15/36, <br> (5-year CMT + 2.30%)<sup>(c)</sup><br>| &nbsp;&nbsp; 1485 | 1509521 |
| PNC Bank N.A. |  |  |
| 2.70%, 10/22/29 | &nbsp;&nbsp; 4260 | 4061214 |
| 3.10%, 10/25/27 | &nbsp;&nbsp; 4935 | 4879837 |
| 3.25%, 01/22/28 | &nbsp;&nbsp; 3710 | 3680366 |
| 4.05%, 07/26/28 | &nbsp;&nbsp; 7030 | 7042265 |
| 4.43%, 07/21/28, (1-day SOFR + 0.73%)<sup>(c)</sup> | &nbsp;&nbsp; 8025 | 8080601 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.55%, 01/22/30<sup>(a)</sup> | &nbsp;&nbsp; $11382 | $10795229 |
| 3.15%, 05/19/27<sup>(a)</sup> | &nbsp;&nbsp; 4153 | 4121096 |
| 3.45%, 04/23/29 | &nbsp;&nbsp; 9090 | 8999566 |
| 4.08%, 01/26/29, (1-day SOFR + 0.61%)<sup>(c)</sup> | &nbsp;&nbsp; 8175 | 8199516 |
| 4.90%, 05/13/31, (1-day SOFR + 1.33%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7345 | 7544311 |
| 5.22%, 01/29/31, (1-day SOFR + 1.07%)<sup>(c)</sup> | &nbsp;&nbsp; 6155 | 6401452 |
| 5.35%, 12/02/28, (1-day SOFR + 1.62%)<sup>(c)</sup> | &nbsp;&nbsp; 7920 | 8120333 |
| 5.49%, 05/14/30, (1-day SOFR + 1.20%)<sup>(c)</sup> | &nbsp;&nbsp; 10516 | 10982491 |
| 5.58%, 06/12/29, (1-day SOFR + 1.84%)<sup>(c)</sup> | &nbsp;&nbsp; 14203 | 14721540 |
| Regions Financial Corp. |  |  |
| 1.80%, 08/12/28<sup>(a)</sup> | &nbsp;&nbsp; 3540 | 3352147 |
| 5.72%, 06/06/30, (1-day SOFR + 1.49%)<sup>(c)</sup> | &nbsp;&nbsp; 4442 | 4653609 |
| Rheinland-Pfalz Bank, 6.88%, 02/23/28<sup>(a)(b)(d)</sup> | &nbsp;&nbsp; 20 | 20964 |
| Royal Bank of Canada |  |  |
| 3.63%, 05/04/27 | &nbsp;&nbsp; 6405 | 6398253 |
| 4.00%, 11/03/28, (1-day SOFR + 0.70%)<sup>(c)</sup> | &nbsp;&nbsp; 7015 | 7025060 |
| 4.24%, 08/03/27 | &nbsp;&nbsp; 7008 | 7051952 |
| 4.31%, 11/03/31, (1-day SOFR + 0.98%)<sup>(c)</sup> | &nbsp;&nbsp; 6610 | 6652643 |
| 4.50%, 08/06/29, (1-day SOFR + 0.89%)<sup>(c)</sup> | &nbsp;&nbsp; 7220 | 7306048 |
| 4.52%, 10/18/28, (1-day SOFR Index + <br> 0.86%)<sup>(c)</sup><br>| &nbsp;&nbsp; 6010 | 6070673 |
| 4.65%, 10/18/30, (1-day SOFR Index + <br> 1.08%)<sup>(c)</sup><br>| &nbsp;&nbsp; 11395 | 11624424 |
| 4.70%, 08/06/31, (1-day SOFR + 1.06%)<sup>(c)</sup> | &nbsp;&nbsp; 6860 | 7009096 |
| 4.72%, 03/27/28, (1-day SOFR Index + <br> 0.81%)<sup>(c)</sup><br>| &nbsp;&nbsp; 5320 | 5367464 |
| 4.90%, 01/12/28 | &nbsp;&nbsp; 4214 | 4303099 |
| 4.95%, 02/01/29 | &nbsp;&nbsp; 5052 | 5212518 |
| 4.97%, 01/24/29, (1-day SOFR + 0.83%)<sup>(c)</sup> | &nbsp;&nbsp; 9515 | 9707073 |
| 4.97%, 08/02/30, (1-day SOFR + 1.10%)<sup>(c)</sup> | &nbsp;&nbsp; 8560 | 8807179 |
| 4.97%, 05/02/31, (1-day SOFR Index + <br> 1.13%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 6310 | 6516847 |
| 5.15%, 02/04/31, (1-day SOFR + 1.03%)<sup>(c)</sup> | &nbsp;&nbsp; 10515 | 10904977 |
| 5.20%, 08/01/28 | &nbsp;&nbsp; 6145 | 6330076 |
| 6.00%, 11/01/27<sup>(a)</sup> | &nbsp;&nbsp; 7986 | 8264132 |
| 6.75%, 08/24/85, (5-year CMT + 2.82%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6380 | 6619588 |
| 7.50%, 05/02/84, (5-year CMT + 2.89%)<sup>(c)</sup> | &nbsp;&nbsp; 5710 | 6028409 |
| Santander Holdings USA, Inc. |  |  |
| 4.40%, 07/13/27 | &nbsp;&nbsp; 5393 | 5406790 |
| 5.35%, 09/06/30, (1-day SOFR + 1.94%)<sup>(c)</sup> | &nbsp;&nbsp; 5940 | 6111561 |
| 5.47%, 03/20/29, (1-day SOFR + 1.61%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5035 | 5146979 |
| 5.74%, 03/20/31, (1-day SOFR + 1.88%)<sup>(c)</sup> | &nbsp;&nbsp; 7530 | 7842385 |
| 6.17%, 01/09/30, (1-day SOFR + 2.50%)<sup>(c)</sup> | &nbsp;&nbsp; 5555 | 5801235 |
| 6.50%, 03/09/29, (1-day SOFR + 2.36%)<sup>(c)</sup> | &nbsp;&nbsp; 5875 | 6115958 |
| 6.57%, 06/12/29, (1-day SOFR + 2.70%)<sup>(c)</sup> | &nbsp;&nbsp; 2744 | 2867426 |
| 7.66%, 11/09/31, (1-day SOFR + 3.28%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 1170 | 1320574 |
| Santander U.K. Group Holdings PLC |  |  |
| 3.82%, 11/03/28, (3-mo. SOFR US + <br> 1.66%)<sup>(c)</sup><br>| &nbsp;&nbsp; 4639 | 4619514 |
| 4.32%, 09/22/29, (1-day SOFR Index + <br> 1.07%)<sup>(c)</sup><br>| &nbsp;&nbsp; 4090 | 4104209 |
| 4.86%, 09/11/30, (1-day SOFR Index + <br> 1.55%)<sup>(c)</sup><br>| &nbsp;&nbsp; 6020 | 6136748 |
| 5.69%, 04/15/31, (1-day SOFR Index + <br> 1.52%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 8125 | 8530894 |
| 6.53%, 01/10/29, (1-day SOFR + 2.60%)<sup>(c)</sup> | &nbsp;&nbsp; 8313 | 8673066 |
| Scotiabank Peru SAA, 6.10%, 10/01/35, (1-year <br> CMT + 2.31%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 1610 | 1673096 |
| Shinhan Bank Co. Ltd. |  |  |
| 3.75%, 09/20/27<sup>(b)</sup> | &nbsp;&nbsp; 1010 | 1005178 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.00%, 04/23/29<sup>(a)(b)</sup> | &nbsp;&nbsp; $2035 | $2026015 |
| 4.50%, 04/12/28<sup>(b)</sup> | &nbsp;&nbsp; 2372 | 2405883 |
| 4.63%, 05/13/30<sup>(b)</sup> | &nbsp;&nbsp; 1535 | 1579742 |
| Shinhan Financial Group Co. Ltd. |  |  |
| 4.50%, 07/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1675 | 1697493 |
| 5.00%, 07/24/28<sup>(b)</sup> | &nbsp;&nbsp; 2270 | 2323635 |
| Simmons First National Corp., 6.25%, 10/01/35, <br> (3-mo. CME Term SOFR + 3.02%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 1500 | 1523044 |
| Skandinaviska Enskilda Banken AB |  |  |
| 4.38%, 06/02/28<sup>(b)</sup> | &nbsp;&nbsp; 3595 | 3637851 |
| 4.50%, 09/03/30<sup>(b)</sup> | &nbsp;&nbsp; 4830 | 4892206 |
| 5.13%, 03/05/27<sup>(b)</sup> | &nbsp;&nbsp; 1530 | 1551402 |
| 5.38%, 03/05/29<sup>(b)</sup> | &nbsp;&nbsp; 3992 | 4150819 |
| Societe Generale SA |  |  |
| 3.00%, 01/22/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7200 | 6857387 |
| 3.65%, 07/08/35, (5-year CMT + <br> 3.00%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 2900 | 2755969 |
| 4.45%, 04/12/30, (1-day SOFR + <br> 1.10%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5900 | 5926821 |
| 4.68%, 06/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4055 | 4098657 |
| 4.75%, 09/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4315 | 4374085 |
| 5.25%, 05/22/29, (1-day SOFR + 1.42%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5600 | 5721969 |
| 5.50%, 04/13/29, (1-year CMT + 1.20%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5600 | 5746302 |
| 5.51%, 05/22/31, (1-day SOFR + <br> 1.65%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5800 | 6037090 |
| 5.63%, 01/19/30, (1-year CMT + <br> 1.75%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5585 | 5798335 |
| 6.45%, 01/10/29, (1-year CMT + 2.55%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7050 | 7333807 |
| Standard Chartered Bank/New York, 4.85%, <br> 12/03/27<sup>(a)</sup><br>| &nbsp;&nbsp; 2045 | 2083206 |
| Standard Chartered PLC |  |  |
| 3.27%, 02/18/36, (5-year CMT + 2.30%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5805 | 5407822 |
| 4.30%, 01/13/30, (1-year CMT + 0.77%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7085 | 7105292 |
| 4.31%, 05/21/30<sup>(a)(b)(c)</sup> | &nbsp;&nbsp; 5726 | 5732579 |
| 4.64%, 04/01/31, (1-year CMT + <br> 3.85%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 11130 | 11261368 |
| 4.87%, 03/15/33, (5-year USD ICE Swap + <br> 1.97%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 2180 | 2193297 |
| 5.01%, 10/15/30, (1-year CMT + 1.15%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9040 | 9253618 |
| 5.24%, 05/13/31, (1-year CMT + <br> 1.35%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 7120 | 7376447 |
| 5.55%, 01/21/29, (1-year CMT + 1.05%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 4130 | 4237932 |
| 5.69%, 05/14/28, (1-year CMT + 1.05%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6710 | 6839012 |
| 6.30%, 01/09/29, (1-year CMT + 2.45%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9552 | 9917968 |
| 7.02%, 02/08/30, (1-year CMT + 2.20%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 4460 | 4808156 |
| 7.77%, 11/16/28, (1-year CMT + 3.45%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6510 | 6898061 |
| State Street Bank & Trust Co., 4.78%, 11/23/29 | &nbsp;&nbsp; 4765 | 4924877 |
| State Street Corp. |  |  |
| 2.40%, 01/24/30<sup>(a)</sup> | &nbsp;&nbsp; 4115 | 3911079 |
| 3.03%, 11/01/34, (1-day SOFR + 1.49%)<sup>(c)</sup> | &nbsp;&nbsp; 2865 | 2737906 |
| 3.15%, 03/30/31, (1-day SOFR + 2.65%)<sup>(c)</sup> | &nbsp;&nbsp; 3952 | 3831200 |
| 4.14%, 12/03/29, (3-mo. CME Term SOFR + <br> 1.29%)<sup>(c)</sup><br>| &nbsp;&nbsp; 2516 | 2534595 |
| 4.33%, 10/22/27 | &nbsp;&nbsp; 6814 | 6880637 |
| 4.53%, 02/20/29, (1-day SOFR + 1.02%)<sup>(c)</sup> | &nbsp;&nbsp; 6395 | 6481271 |
| 4.54%, 02/28/28<sup>(a)</sup> | &nbsp;&nbsp; 7860 | 7983435 |
| 4.54%, 04/24/28, (1-day SOFR + 0.95%)<sup>(c)</sup> | &nbsp;&nbsp; 2985 | 3006289 |
| 4.73%, 02/28/30<sup>(a)</sup> | &nbsp;&nbsp; 3915 | 4024163 |
| 4.83%, 04/24/30<sup>(a)</sup> | &nbsp;&nbsp; 5840 | 6015959 |
| 4.99%, 03/18/27 | &nbsp;&nbsp; 6007 | 6080269 |
| 5.68%, 11/21/29, (1-day SOFR + 1.48%)<sup>(c)</sup> | &nbsp;&nbsp; 5507 | 5761470 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.82%, 11/04/28, (1-day SOFR + 1.72%)<sup>(c)</sup> | &nbsp;&nbsp; $4108 | $4235569 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 1.71%, 01/12/31 | &nbsp;&nbsp; 705 | 628528 |
| 1.90%, 09/17/28 | &nbsp;&nbsp; 11170 | 10613325 |
| 2.13%, 07/08/30 | &nbsp;&nbsp; 10985 | 10114220 |
| 2.14%, 09/23/30<sup>(a)</sup> | &nbsp;&nbsp; 3020 | 2760719 |
| 2.47%, 01/14/29 | &nbsp;&nbsp; 2820 | 2712039 |
| 2.72%, 09/27/29<sup>(a)</sup> | &nbsp;&nbsp; 2615 | 2502888 |
| 2.75%, 01/15/30 | &nbsp;&nbsp; 7650 | 7285143 |
| 3.04%, 07/16/29 | &nbsp;&nbsp; 14878 | 14417522 |
| 3.35%, 10/18/27<sup>(a)</sup> | &nbsp;&nbsp; 3875 | 3852659 |
| 3.36%, 07/12/27<sup>(a)</sup> | &nbsp;&nbsp; 9126 | 9072647 |
| 3.54%, 01/17/28 | &nbsp;&nbsp; 5008 | 4983741 |
| 3.94%, 07/19/28 | &nbsp;&nbsp; 4169 | 4179326 |
| 4.11%, 01/15/29 | &nbsp;&nbsp; 4785 | 4805529 |
| 4.31%, 10/16/28<sup>(a)</sup> | &nbsp;&nbsp; 3805 | 3841531 |
| 4.49%, 01/15/32, (1-day SOFR + 1.02%)<sup>(c)</sup> | &nbsp;&nbsp; 7120 | 7190181 |
| 4.66%, 07/08/31, (1-day SOFR + 1.19%)<sup>(c)</sup> | &nbsp;&nbsp; 4780 | 4863072 |
| 5.24%, 04/15/30 | &nbsp;&nbsp; 4785 | 4993976 |
| 5.32%, 07/09/29 | &nbsp;&nbsp; 4105 | 4269971 |
| 5.52%, 01/13/28 | &nbsp;&nbsp; 9499 | 9793014 |
| 5.71%, 01/13/30 | &nbsp;&nbsp; 7570 | 8002952 |
| 5.72%, 09/14/28 | &nbsp;&nbsp; 6797 | 7086810 |
| 5.80%, 07/13/28 | &nbsp;&nbsp; 4655 | 4852392 |
| 5.85%, 07/13/30 | &nbsp;&nbsp; 3902 | 4165472 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| 2.80%, 03/10/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 7390 | 7316635 |
| 3.95%, 03/05/29<sup>(b)</sup> | &nbsp;&nbsp; 5600 | 5608110 |
| 4.20%, 03/05/31<sup>(b)</sup> | &nbsp;&nbsp; 5600 | 5605949 |
| 4.35%, 09/11/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3095 | 3132319 |
| 4.45%, 09/10/27<sup>(b)</sup> | &nbsp;&nbsp; 3045 | 3076668 |
| 4.50%, 03/13/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2815 | 2848238 |
| 4.50%, 09/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4790 | 4862266 |
| 4.70%, 03/13/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3015 | 3087953 |
| 4.95%, 09/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1384 | 1407787 |
| 5.20%, 03/07/27<sup>(b)</sup> | &nbsp;&nbsp; 3125 | 3167230 |
| 5.20%, 03/07/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4260 | 4407913 |
| 5.50%, 03/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3055 | 3149403 |
| 5.55%, 09/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2280 | 2367667 |
| Svenska Handelsbanken AB |  |  |
| 3.95%, 06/10/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3805 | 3815982 |
| 4.38%, 05/23/28<sup>(b)</sup> | &nbsp;&nbsp; 4200 | 4252405 |
| 5.13%, 05/28/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2405 | 2446053 |
| 5.50%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp; 5602 | 5792245 |
| Swedbank AB |  |  |
| 5.00%, 11/20/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3307 | 3436698 |
| 5.08%, 05/21/30<sup>(b)</sup> | &nbsp;&nbsp; 4710 | 4879430 |
| 5.34%, 09/20/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3910 | 3996223 |
| 5.41%, 03/14/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4550 | 4736460 |
| Synchrony Bank, 5.63%, 08/23/27 | &nbsp;&nbsp; 1798 | 1831408 |
| Synovus Financial Corp., 6.17%, 11/01/30, <br> (1-day SOFR + 2.35%)<sup>(c)</sup><br>| &nbsp;&nbsp; 2925 | 3066950 |
| Toronto-Dominion Bank(The) |  |  |
| 2.80%, 03/10/27 | &nbsp;&nbsp; 6134 | 6077199 |
| 3.91%, 01/13/28 | &nbsp;&nbsp; 6085 | 6092548 |
| 4.11%, 06/08/27 | &nbsp;&nbsp; 8280 | 8310638 |
| 4.11%, 10/13/28 | &nbsp;&nbsp; 5985 | 6012855 |
| 4.41%, 01/13/31 | &nbsp;&nbsp; 6375 | 6453278 |
| 4.57%, 06/02/28 | &nbsp;&nbsp; 5860 | 5944267 |
| 4.69%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp; 8325 | 8433626 |
| 4.78%, 12/17/29 | &nbsp;&nbsp; 5927 | 6096645 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.81%, 06/03/30 | &nbsp;&nbsp; $7770 | $7989358 |
| 4.86%, 01/31/28 | &nbsp;&nbsp; 6980 | 7110911 |
| 4.98%, 04/05/27 | &nbsp;&nbsp; 4355 | 4409289 |
| 4.99%, 04/05/29 | &nbsp;&nbsp; 5320 | 5482237 |
| 5.15%, 09/10/34, (5-year CMT + 1.50%)<sup>(c)</sup> | &nbsp;&nbsp; 5890 | 6006834 |
| 5.16%, 01/10/28<sup>(a)</sup> | &nbsp;&nbsp; 7510 | 7684432 |
| 5.52%, 07/17/28 | &nbsp;&nbsp; 6417 | 6648967 |
| 6.35%, 10/31/85, (5-year CMT + 2.72%)<sup>(c)</sup> | &nbsp;&nbsp; 3900 | 3963110 |
| 7.25%, 07/31/84, (5-year CMT + 2.98%)<sup>(c)</sup> | &nbsp;&nbsp; 4240 | 4432844 |
| 8.13%, 10/31/82, (5-year CMT + 4.08%)<sup>(c)</sup> | &nbsp;&nbsp; 9730 | 10180217 |
| Truist Bank |  |  |
| 2.25%, 03/11/30 | &nbsp;&nbsp; 7980 | 7375752 |
| 4.14%, 10/23/29, (1-day SOFR + 0.91%)<sup>(c)</sup> | &nbsp;&nbsp; 7315 | 7324313 |
| 4.42%, 07/24/28, (1-day SOFR + 0.77%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9825 | 9886297 |
| Series I, 4.14%, 01/27/29, (1-day SOFR + <br> 0.66%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 5860 | 5873904 |
| Truist Financial Corp. |  |  |
| 1.13%, 08/03/27 | &nbsp;&nbsp; 3860 | 3720039 |
| 1.89%, 06/07/29, (1-day SOFR + 0.86%)<sup>(c)</sup> | &nbsp;&nbsp; 5806 | 5549487 |
| 1.95%, 06/05/30 | &nbsp;&nbsp; 3700 | 3397996 |
| 3.88%, 03/19/29<sup>(a)</sup> | &nbsp;&nbsp; 3575 | 3559036 |
| 4.12%, 06/06/28, (1-day SOFR + 1.37%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7040 | 7055670 |
| 4.60%, 01/27/32, (1-day SOFR + 0.97%)<sup>(c)</sup> | &nbsp;&nbsp; 8095 | 8180643 |
| 4.87%, 01/26/29, (1-day SOFR + 1.44%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7842 | 7969871 |
| 5.07%, 05/20/31, (1-day SOFR + 1.31%)<sup>(c)</sup> | &nbsp;&nbsp; 8250 | 8514901 |
| 5.44%, 01/24/30, (1-day SOFR + 1.62%)<sup>(c)</sup> | &nbsp;&nbsp; 8700 | 9028515 |
| 7.16%, 10/30/29, (1-day SOFR + 2.45%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 10189 | 10968885 |
| U.S. Bancorp |  |  |
| 1.38%, 07/22/30 | &nbsp;&nbsp; 7567 | 6772583 |
| 3.00%, 07/30/29 | &nbsp;&nbsp; 5905 | 5733251 |
| 3.90%, 04/26/28<sup>(a)</sup> | &nbsp;&nbsp; 4878 | 4898784 |
| 4.48%, 01/26/32, (1-day SOFR + 0.87%)<sup>(c)</sup> | &nbsp;&nbsp; 5375 | 5434542 |
| 4.55%, 07/22/28, (1-day SOFR + 1.66%)<sup>(c)</sup> | &nbsp;&nbsp; 14682 | 14807832 |
| 4.65%, 02/01/29, (1-day SOFR + 1.23%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9657 | 9780149 |
| 5.05%, 02/12/31, (1-day SOFR + 1.06%)<sup>(c)</sup> | &nbsp;&nbsp; 8305 | 8579614 |
| 5.08%, 05/15/31, (1-day SOFR + 1.30%)<sup>(c)</sup> | &nbsp;&nbsp; 8460 | 8751869 |
| 5.10%, 07/23/30, (1-day SOFR + 1.25%)<sup>(c)</sup> | &nbsp;&nbsp; 7805 | 8076956 |
| 5.38%, 01/23/30, (1-day SOFR + 1.56%)<sup>(c)</sup> | &nbsp;&nbsp; 8800 | 9128759 |
| 5.78%, 06/12/29, (1-day SOFR + 2.02%)<sup>(c)</sup> | &nbsp;&nbsp; 9643 | 10028682 |
| Series X, 3.15%, 04/27/27<sup>(a)</sup> | &nbsp;&nbsp; 8537 | 8488973 |
| U.S. Bank NA/Cincinnati OH, 4.73%, 05/15/28, <br> (1-day SOFR + 0.91%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 9985 | 10084171 |
| UBS AG/London, 5.65%, 09/11/28 | &nbsp;&nbsp; 9420 | 9828758 |
| UBS AG/Stamford CT, 7.50%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 695 | 743816 |
| UBS Group AG |  |  |
| 2.10%, 02/11/32, (1-year CMT + 1.00%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 8200 | 7372186 |
| 3.13%, 08/13/30<sup>(a)(b)(c)</sup> | &nbsp;&nbsp; 8520 | 8234096 |
| 3.87%, 01/12/29, (3-mo. SOFR US + <br> 1.67%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 13785 | 13740880 |
| 4.15%, 12/23/29, (1-day SOFR + 0.84%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7680 | 7684058 |
| 4.19%, 04/01/31, (1-day SOFR + 3.73%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 18090 | 18038369 |
| 4.21%, 04/10/30, (1-day SOFR + 0.84%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9005 | 9021019 |
| 4.25%, 03/23/28<sup>(b)</sup> | &nbsp;&nbsp; 12665 | 12703482 |
| 4.28%, 01/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 12920 | 12952773 |
| 4.40%, 09/23/31, (1-day SOFR + 1.06%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7180 | 7200422 |
| 4.75%, 05/12/28, (1-year CMT + <br> 1.75%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 7730 | 7792149 |
| 5.43%, 02/08/30, (1-year CMT + 1.52%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9855 | 10214719 |
| 5.62%, 09/13/30, (1-year USD ICE Swap + <br> 1.34%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 11180 | 11704943 |
| 6.25%, 09/22/29, (1-year CMT + 1.80%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 8730 | 9189871 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.44%, 08/11/28, (1-day SOFR + 3.70%)<sup>(b)(c)</sup> | &nbsp;&nbsp; $10661 | $11015874 |
| UniCredit SpA |  |  |
| 4.63%, 04/12/27<sup>(b)</sup> | &nbsp;&nbsp; 105 | 105694 |
| 5.46%, 06/30/35, (5-year CMT + <br> 4.75%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 8750 | 8996267 |
| 5.86%, 06/19/32, (5-year USD ICE Swap + <br> 3.70%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 2810 | 2857742 |
| 7.30%, 04/02/34, (5-year USD ICE Swap + <br> 4.91%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 5995 | 6431128 |
| United Overseas Bank Ltd. |  |  |
| 3.86%, 10/07/32, (5-year CMT + 1.45%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5512 | 5486225 |
| 4.40%, 04/02/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1700 | 1724478 |
| Webster Financial Corp. |  |  |
| 4.10%, 03/25/29 | &nbsp;&nbsp; 1505 | 1493909 |
| 5.78%, 09/11/35, (5-year CMT + 2.13%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 1400 | 1440617 |
| Wells Fargo & Co. |  |  |
| 2.39%, 06/02/28, (1-day SOFR + 2.10%)<sup>(c)</sup> | &nbsp;&nbsp; 18773 | 18403409 |
| 2.57%, 02/11/31, (3-mo. CME Term SOFR + <br> 1.26%)<sup>(c)</sup><br>| &nbsp;&nbsp; 17300 | 16282692 |
| 2.88%, 10/30/30, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(c)</sup><br>| &nbsp;&nbsp; 20382 | 19507739 |
| 3.53%, 03/24/28, (1-day SOFR + 1.51%)<sup>(c)</sup> | &nbsp;&nbsp; 24046 | 23921721 |
| 3.58%, 05/22/28, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(c)</sup><br>| &nbsp;&nbsp; 17442 | 17349789 |
| 4.08%, 09/15/29, (1-day SOFR + 0.88%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9980 | 9982676 |
| 4.15%, 01/24/29<sup>(a)</sup> | &nbsp;&nbsp; 13949 | 14034288 |
| 4.18%, 01/23/30, (1-day SOFR + 0.74%)<sup>(c)</sup> | &nbsp;&nbsp; 11900 | 11942168 |
| 4.30%, 07/22/27 | &nbsp;&nbsp; 14322 | 14373151 |
| 4.48%, 04/04/31, (3-mo. CME Term SOFR + <br> 4.03%)<sup>(c)</sup><br>| &nbsp;&nbsp; 16355 | 16523904 |
| 4.81%, 07/25/28, (1-day SOFR + 1.98%)<sup>(c)</sup> | &nbsp;&nbsp; 17253 | 17442409 |
| 4.97%, 04/23/29, (1-day SOFR + 1.37%)<sup>(c)</sup> | &nbsp;&nbsp; 12267 | 12506398 |
| 5.15%, 04/23/31, (1-day SOFR + 1.50%)<sup>(c)</sup> | &nbsp;&nbsp; 22020 | 22795874 |
| 5.20%, 01/23/30, (1-day SOFR + 1.50%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 15150 | 15618800 |
| 5.24%, 01/24/31, (1-day SOFR + 1.11%)<sup>(c)</sup> | &nbsp;&nbsp; 17453 | 18106950 |
| 5.57%, 07/25/29, (1-day SOFR + 1.74%)<sup>(c)</sup> | &nbsp;&nbsp; 24567 | 25415845 |
| 5.71%, 04/22/28, (1-day SOFR + 1.07%)<sup>(c)</sup> | &nbsp;&nbsp; 18610 | 18950720 |
| 6.30%, 10/23/29, (1-day SOFR + 1.79%)<sup>(c)</sup> | &nbsp;&nbsp; 15595 | 16446826 |
| Series B, 7.95%, 11/15/29 | &nbsp;&nbsp; 1370 | 1546274 |
| Western Alliance Bank, 6.54%, 11/15/35, <br> (5-year CMT + 2.85%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 1420 | 1445987 |
| Westpac Banking Corp. |  |  |
| 1.95%, 11/20/28 | &nbsp;&nbsp; 6934 | 6619875 |
| 2.65%, 01/16/30<sup>(a)</sup> | &nbsp;&nbsp; 4165 | 3988977 |
| 2.67%, 11/15/35, (5-year CMT + 1.75%)<sup>(c)</sup> | &nbsp;&nbsp; 8775 | 8065121 |
| 3.35%, 03/08/27 | &nbsp;&nbsp; 4391 | 4377710 |
| 3.40%, 01/25/28<sup>(a)</sup> | &nbsp;&nbsp; 5910 | 5888353 |
| 4.04%, 08/26/27 | &nbsp;&nbsp; 5470 | 5504266 |
| 4.11%, 07/24/34, (5-year CMT + 2.00%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6800 | 6741531 |
| 4.35%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4735 | 4820416 |
| 5.05%, 04/16/29 | &nbsp;&nbsp; 4260 | 4429406 |
| 5.46%, 11/18/27 | &nbsp;&nbsp; 6564 | 6763147 |
| 5.54%, 11/17/28 | &nbsp;&nbsp; 6507 | 6807242 |
| Westpac New Zealand Ltd. |  |  |
| 4.13%, 01/29/29<sup>(b)</sup> | &nbsp;&nbsp; 2275 | 2289953 |
| 4.22%, 09/16/30<sup>(b)</sup> | &nbsp;&nbsp; 4990 | 5021680 |
| 4.90%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4183 | 4271004 |
| 4.94%, 02/27/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5040 | 5197657 |
| 5.20%, 02/28/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4735 | 4899758 |
| Wintrust Financial Corp., 4.85%, 06/06/29<sup>(a)</sup> | &nbsp;&nbsp; 1130 | 1125485 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Woori Bank |  |  |
| 4.75%, 01/24/29<sup>(b)</sup> | &nbsp;&nbsp; $2595 | $2658385 |
| 4.88%, 01/26/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2885 | 2942846 |
| 5.13%, 08/06/28<sup>(b)</sup> | &nbsp;&nbsp; 1355 | 1389087 |
| 6.38%, (5-year CMT + 2.28%)<sup>(a)(b)(c)(e)</sup> | &nbsp;&nbsp; 2390 | 2489291 |
| Zions Bancorp N.A. |  |  |
| 3.25%, 10/29/29 | &nbsp;&nbsp; 1880 | 1787802 |
| 4.48%, 02/09/29, (1-day SOFR + 1.06%)<sup>(c)</sup> | &nbsp;&nbsp; 1750 | 1750604 |
| 4.70%, 08/18/28, (1-day SOFR + 1.16%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 1675 | 1684248 |
|  |  | 6287361376 |
| **Beverages — 1.2%** | **Beverages — 1.2%** | **Beverages — 1.2%** |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.50%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 11175 | 11013681 |
| 4.75%, 01/23/29<sup>(a)</sup> | &nbsp;&nbsp; 17133 | 17536059 |
| 4.90%, 01/23/31<sup>(a)</sup> | &nbsp;&nbsp; 4335 | 4517729 |
| Bacardi Ltd., 4.70%, 05/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5930 | 5986949 |
| Bacardi Ltd./Bacardi-Martini BV, 5.25%, <br> 01/15/29<sup>(b)</sup><br>| &nbsp;&nbsp; 1965 | 2010500 |
| Bacardi-Martini BV, 5.55%, 02/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4180 | 4335018 |
| Coca-Cola Co.(The) |  |  |
| 1.00%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7840 | 7454012 |
| 1.45%, 06/01/27 | &nbsp;&nbsp; 8028 | 7822642 |
| 1.50%, 03/05/28 | &nbsp;&nbsp; 4570 | 4391451 |
| 1.65%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 8900 | 8155479 |
| 2.13%, 09/06/29<sup>(a)</sup> | &nbsp;&nbsp; 6555 | 6227398 |
| 2.90%, 05/25/27 | &nbsp;&nbsp; 2831 | 2807472 |
| 3.38%, 03/25/27 | &nbsp;&nbsp; 5485 | 5475340 |
| 3.45%, 03/25/30<sup>(a)</sup> | &nbsp;&nbsp; 7537 | 7451091 |
| Coca-Cola Consolidated, Inc., 5.25%, 06/01/29 | &nbsp;&nbsp; 5170 | 5366668 |
| Coca-Cola Femsa SAB de CV, 2.75%, <br> 01/22/30<br>| &nbsp;&nbsp; 6910 | 6597152 |
| Coca-Cola Icecek A/S, 4.50%, 01/20/29<sup>(b)</sup> | &nbsp;&nbsp; 615 | 608239 |
| Constellation Brands, Inc. |  |  |
| 2.88%, 05/01/30 | &nbsp;&nbsp; 3475 | 3302938 |
| 3.15%, 08/01/29 | &nbsp;&nbsp; 6015 | 5846184 |
| 3.50%, 05/09/27<sup>(a)</sup> | &nbsp;&nbsp; 2609 | 2596234 |
| 3.60%, 02/15/28 | &nbsp;&nbsp; 4161 | 4134872 |
| 4.35%, 05/09/27<sup>(a)</sup> | &nbsp;&nbsp; 3326 | 3341752 |
| 4.65%, 11/15/28 | &nbsp;&nbsp; 2955 | 2999989 |
| 4.80%, 01/15/29 | &nbsp;&nbsp; 2290 | 2337777 |
| 4.80%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3535 | 3624776 |
| Diageo Capital PLC |  |  |
| 2.00%, 04/29/30 | &nbsp;&nbsp; 7400 | 6817700 |
| 2.38%, 10/24/29 | &nbsp;&nbsp; 5930 | 5617667 |
| 3.88%, 05/18/28 | &nbsp;&nbsp; 3310 | 3316763 |
| 5.30%, 10/24/27<sup>(a)</sup> | &nbsp;&nbsp; 3825 | 3914390 |
| Diageo Investment Corp., 5.13%, 08/15/30 | &nbsp;&nbsp; 4990 | 5193202 |
| Heineken NV, 3.50%, 01/29/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6445 | 6402142 |
| Keurig Dr Pepper, Inc. |  |  |
| 3.20%, 05/01/30 | &nbsp;&nbsp; 4285 | 4105173 |
| 3.43%, 06/15/27 | &nbsp;&nbsp; 2713 | 2693422 |
| 3.95%, 04/15/29 | &nbsp;&nbsp; 7132 | 7091928 |
| 4.35%, 05/15/28 | &nbsp;&nbsp; 3365 | 3385243 |
| 4.60%, 05/25/28 | &nbsp;&nbsp; 6892 | 6961680 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 3425 | 3459284 |
| 5.05%, 03/15/29 | &nbsp;&nbsp; 4890 | 5010807 |
| 5.10%, 03/15/27 | &nbsp;&nbsp; 4089 | 4132929 |
| PepsiCo Singapore Financing I Pte Ltd., 4.55%, <br> 02/16/29<br>| &nbsp;&nbsp; 2760 | 2820489 |
| PepsiCo, Inc. |  |  |
| 1.63%, 05/01/30 | &nbsp;&nbsp; 6080 | 5562434 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 2.63%, 03/19/27 | &nbsp;&nbsp; $2064 | $2041083 |
| 2.63%, 07/29/29<sup>(a)</sup> | &nbsp;&nbsp; 6154 | 5933934 |
| 2.75%, 03/19/30 | &nbsp;&nbsp; 8793 | 8416402 |
| 3.00%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 8435 | 8367045 |
| 3.60%, 02/18/28<sup>(a)</sup> | &nbsp;&nbsp; 5201 | 5201930 |
| 4.10%, 01/15/29 | &nbsp;&nbsp; 4900 | 4952210 |
| 4.30%, 07/23/30<sup>(a)</sup> | &nbsp;&nbsp; 3930 | 4008878 |
| 4.45%, 02/07/28<sup>(a)</sup> | &nbsp;&nbsp; 4110 | 4173234 |
| 4.45%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3917 | 3982084 |
| 4.50%, 07/17/29 | &nbsp;&nbsp; 5305 | 5429286 |
| 4.60%, 02/07/30 | &nbsp;&nbsp; 5685 | 5845377 |
| 7.00%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3135 | 3425372 |
| Pernod Ricard International Finance LLC, <br> 1.25%, 04/01/28<sup>(b)</sup><br>| &nbsp;&nbsp; 3889 | 3674571 |
| Suntory Holdings Ltd., 5.12%, 06/11/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3410 | 3513459 |
|  |  | 281391520 |
| **Biotechnology — 0.6%** | **Biotechnology — 0.6%** | **Biotechnology — 0.6%** |
| Amgen, Inc. |  |  |
| 1.65%, 08/15/28 | &nbsp;&nbsp; 7270 | 6910192 |
| 2.30%, 02/25/31 | &nbsp;&nbsp; 180 | 165451 |
| 2.45%, 02/21/30 | &nbsp;&nbsp; 7960 | 7509259 |
| 3.00%, 02/22/29 | &nbsp;&nbsp; 4345 | 4240376 |
| 3.20%, 11/02/27 | &nbsp;&nbsp; 5450 | 5401434 |
| 4.05%, 08/18/29 | &nbsp;&nbsp; 7235 | 7272601 |
| 4.20%, 02/19/31<sup>(a)</sup> | &nbsp;&nbsp; 3990 | 4001793 |
| 5.15%, 03/02/28 | &nbsp;&nbsp; 21905 | 22432499 |
| 5.25%, 03/02/30<sup>(a)</sup> | &nbsp;&nbsp; 16519 | 17238450 |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 9270 | 8598730 |
| 5.05%, 01/15/31 | &nbsp;&nbsp; 1635 | 1696968 |
| Bio-Rad Laboratories, Inc., 3.30%, 03/15/27 | &nbsp;&nbsp; 1936 | 1922586 |
| CSL Finance PLC |  |  |
| 3.85%, 04/27/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2530 | 2531366 |
| 4.05%, 04/27/29<sup>(b)</sup> | &nbsp;&nbsp; 3491 | 3500812 |
| Gilead Sciences, Inc. |  |  |
| 1.20%, 10/01/27 | &nbsp;&nbsp; 3724 | 3581608 |
| 1.65%, 10/01/30 | &nbsp;&nbsp; 6440 | 5822231 |
| 2.95%, 03/01/27 | &nbsp;&nbsp; 6467 | 6419383 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 4885 | 5035140 |
| Illumina, Inc. |  |  |
| 4.75%, 12/12/30<sup>(a)</sup> | &nbsp;&nbsp; 2850 | 2895360 |
| 5.75%, 12/13/27 | &nbsp;&nbsp; 2530 | 2604271 |
| Regeneron Pharmaceuticals, Inc., 1.75%, <br> 09/15/30<br>| &nbsp;&nbsp; 6950 | 6264469 |
| Royalty Pharma PLC |  |  |
| 1.75%, 09/02/27 | &nbsp;&nbsp; 5443 | 5268454 |
| 2.20%, 09/02/30 | &nbsp;&nbsp; 6215 | 5706462 |
| 5.15%, 09/02/29 | &nbsp;&nbsp; 3420 | 3536281 |
|  |  | 140556176 |
| **Building Materials — 0.5%** | **Building Materials — 0.5%** | **Building Materials — 0.5%** |
| Amrize Finance U.S. LLC |  |  |
| 4.70%, 04/07/28 | &nbsp;&nbsp; 3005 | 3051521 |
| 4.95%, 04/07/30<sup>(a)</sup> | &nbsp;&nbsp; 6725 | 6918882 |
| Carlisle Companies, Inc. |  |  |
| 2.75%, 03/01/30 | &nbsp;&nbsp; 3695 | 3509468 |
| 3.75%, 12/01/27 | &nbsp;&nbsp; 3055 | 3045276 |
| Carrier Global Corp. |  |  |
| 2.70%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 150 | 140542 |
| 2.72%, 02/15/30 | &nbsp;&nbsp; 11867 | 11276850 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Cemex SAB de CV |  |  |
| 5.20%, 09/17/30<sup>(b)</sup> | &nbsp;&nbsp; $1440 | $1460432 |
| 5.45%, 11/19/29<sup>(b)</sup> | &nbsp;&nbsp; 3500 | 3551079 |
| CRH America Finance, Inc. |  |  |
| 3.40%, 05/09/27<sup>(b)</sup> | &nbsp;&nbsp; 1622 | 1613666 |
| 3.95%, 04/04/28<sup>(b)</sup> | &nbsp;&nbsp; 5758 | 5757426 |
| 4.40%, 02/09/31<sup>(a)</sup> | &nbsp;&nbsp; 1100 | 1108199 |
| CRH SMW Finance DAC |  |  |
| 5.13%, 01/09/30 | &nbsp;&nbsp; 7565 | 7829920 |
| 5.20%, 05/21/29 | &nbsp;&nbsp; 5442 | 5641333 |
| Fortune Brands Innovations, Inc., 3.25%, <br> 09/15/29<br>| &nbsp;&nbsp; 4525 | 4393125 |
| JH North America Holdings, Inc., 5.88%, <br> 01/31/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 205 | 209369 |
| Johnson Controls International PLC/Tyco Fire & <br> Security Finance SCA<br>|  |  |
| 1.75%, 09/15/30 | &nbsp;&nbsp; 3755 | 3405049 |
| 5.50%, 04/19/29 | &nbsp;&nbsp; 5255 | 5496143 |
| Lennox International, Inc. |  |  |
| 1.70%, 08/01/27 | &nbsp;&nbsp; 1368 | 1326692 |
| 5.50%, 09/15/28 | &nbsp;&nbsp; 3355 | 3472191 |
| Louisiana-Pacific Corp., 3.63%, 03/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 260 | 252929 |
| Martin Marietta Materials, Inc. |  |  |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 875 | 870292 |
| 3.50%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp; 3095 | 3073743 |
| Series CB, 2.50%, 03/15/30 | &nbsp;&nbsp; 3085 | 2908281 |
| Masco Corp. |  |  |
| 1.50%, 02/15/28 | &nbsp;&nbsp; 3810 | 3634759 |
| 2.00%, 10/01/30 | &nbsp;&nbsp; 1750 | 1586603 |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 1390 | 1380810 |
| Mohawk Industries, Inc. |  |  |
| 3.63%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 1955999 |
| 5.85%, 09/18/28 | &nbsp;&nbsp; 3695 | 3849674 |
| Owens Corning |  |  |
| 3.50%, 02/15/30 | &nbsp;&nbsp; 3580 | 3498688 |
| 3.88%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 515 | 509329 |
| 3.95%, 08/15/29 | &nbsp;&nbsp; 3240 | 3226647 |
| 5.50%, 06/15/27 | &nbsp;&nbsp; 2390 | 2433729 |
| Trane Technologies Financing Ltd., 3.80%, <br> 03/21/29<sup>(a)</sup><br>| &nbsp;&nbsp; 5685 | 5684717 |
| Trane Technologies Holdco, Inc., 3.75%, <br> 08/21/28<sup>(a)</sup><br>| &nbsp;&nbsp; 3440 | 3448005 |
| Vulcan Materials Co. |  |  |
| 3.50%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4829 | 4722597 |
| 3.90%, 04/01/27 | &nbsp;&nbsp; 1671 | 1670870 |
| 4.95%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3275 | 3374968 |
|  |  | 121289803 |
| **Chemicals — 1.1%** | **Chemicals — 1.1%** | **Chemicals — 1.1%** |
| Air Liquide Finance SA, 2.25%, 09/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3950 | 3738390 |
| Air Products and Chemicals, Inc. |  |  |
| 1.85%, 05/15/27<sup>(a)</sup> | &nbsp;&nbsp; 3753 | 3676532 |
| 2.05%, 05/15/30 | &nbsp;&nbsp; 5850 | 5422859 |
| 4.30%, 06/11/28 | &nbsp;&nbsp; 2500 | 2530874 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 4806 | 4916088 |
| 4.75%, 02/08/31<sup>(a)</sup> | &nbsp;&nbsp; 250 | 258215 |
| Albemarle Corp., 4.65%, 06/01/27<sup>(a)</sup> | &nbsp;&nbsp; 3715 | 3742188 |
| Bayport Polymers LLC, 4.74%, 04/14/27<sup>(b)</sup> | &nbsp;&nbsp; 1395 | 1400340 |
| Cabot Corp., 4.00%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2510 | 2506381 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Chevron Phillips Chemical Co. LLC/Chevron <br> Phillips Chemical Co. LP<br>|  |  |
| 3.70%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; $3700 | $3669743 |
| 4.75%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 2510 | 2564292 |
| Dow Chemical Co.(The) |  |  |
| 2.10%, 11/15/30 | &nbsp;&nbsp; 4880 | 4349298 |
| 4.80%, 11/30/28<sup>(a)</sup> | &nbsp;&nbsp; 4173 | 4240743 |
| 4.80%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4705 | 4694098 |
| 7.38%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp; 4918 | 5406031 |
| DuPont de Nemours, Inc. |  |  |
| 4.73%, 11/15/28 | &nbsp;&nbsp; 275 | 279233 |
| 4.73%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp; 7808 | 7917348 |
| Eastman Chemical Co. |  |  |
| 4.50%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3330 | 3366714 |
| 4.50%, 02/20/31 | &nbsp;&nbsp; 2545 | 2544809 |
| 5.00%, 08/01/29 | &nbsp;&nbsp; 4665 | 4787788 |
| Ecolab, Inc. |  |  |
| 1.30%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 2935 | 2584833 |
| 3.25%, 12/01/27 | &nbsp;&nbsp; 2905 | 2887466 |
| 4.30%, 06/15/28 | &nbsp;&nbsp; 3420 | 3460132 |
| 4.80%, 03/24/30<sup>(a)</sup> | &nbsp;&nbsp; 5005 | 5153128 |
| 5.25%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2860 | 2938922 |
| EIDP, Inc., 2.30%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3427 | 3205724 |
| International Flavors & Fragrances, Inc. |  |  |
| 1.83%, 10/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4551 | 4393507 |
| 2.30%, 11/01/30<sup>(b)</sup> | &nbsp;&nbsp; 7125 | 6497450 |
| 4.45%, 09/26/28<sup>(a)</sup> | &nbsp;&nbsp; 2710 | 2730650 |
| Kraton Corp., 5.00%, 07/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2805 | 2848169 |
| LG Chem Ltd., 3.63%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2630 | 2582904 |
| Linde, Inc./CT, 1.10%, 08/10/30 | &nbsp;&nbsp; 4375 | 3891630 |
| LYB Finance Co. BV, 8.10%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp; 3320 | 3455275 |
| LYB International Finance II BV, 3.50%, <br> 03/02/27<br>| &nbsp;&nbsp; 885 | 881614 |
| LYB International Finance III LLC |  |  |
| 2.25%, 10/01/30 | &nbsp;&nbsp; 3455 | 3121685 |
| 5.13%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3035 | 3086236 |
| Ma'aden Sukuk Ltd., 5.25%, 02/13/30<sup>(b)</sup> | &nbsp;&nbsp; 5265 | 5406499 |
| MEGlobal BV, 2.63%, 04/28/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4530 | 4357316 |
| MEGlobal Canada ULC, 5.88%, 05/18/30<sup>(b)</sup> | &nbsp;&nbsp; 2705 | 2837815 |
| Momentive Performance Materials, Inc., 4.13%, <br> 10/22/28<sup>(b)</sup><br>| &nbsp;&nbsp; 4000 | 4009707 |
| Mosaic Co.(The) |  |  |
| 4.05%, 11/15/27 | &nbsp;&nbsp; 4085 | 4088538 |
| 4.35%, 01/15/29 | &nbsp;&nbsp; 3015 | 3040292 |
| 4.60%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2695 | 2728914 |
| 5.38%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2435 | 2515021 |
| Nutrien Ltd. |  |  |
| 2.95%, 05/13/30 | &nbsp;&nbsp; 3250 | 3099725 |
| 4.20%, 04/01/29 | &nbsp;&nbsp; 4895 | 4913290 |
| 4.50%, 03/12/27<sup>(a)</sup> | &nbsp;&nbsp; 1965 | 1976804 |
| 4.90%, 03/27/28<sup>(a)</sup> | &nbsp;&nbsp; 5111 | 5203619 |
| 5.20%, 06/21/27 | &nbsp;&nbsp; 2230 | 2264811 |
| OCP SA, 6.10%, 04/30/30<sup>(b)</sup> | &nbsp;&nbsp; 4300 | 4493493 |
| Orbia Advance Corp. SAB de CV, 6.80%, <br> 05/13/30<sup>(b)</sup><br>| &nbsp;&nbsp; 35 | 35338 |
| PPG Industries, Inc. |  |  |
| 2.55%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1770 | 1663445 |
| 2.80%, 08/15/29 | &nbsp;&nbsp; 2340 | 2259630 |
| 3.75%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4870 | 4866413 |
| Rohm and Haas Co., 7.85%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 595 | 660255 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| RPM International, Inc. |  |  |
| 3.75%, 03/15/27 | &nbsp;&nbsp; $2339 | $2332385 |
| 4.55%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2320 | 2353802 |
| SABIC Capital II BV, 4.50%, 10/10/28<sup>(b)</sup> | &nbsp;&nbsp; 6950 | 7004822 |
| Sherwin-Williams Co.(The) |  |  |
| 2.30%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2400 | 2232446 |
| 2.95%, 08/15/29 | &nbsp;&nbsp; 5495 | 5310153 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 8532 | 8489690 |
| 4.30%, 08/15/28 | &nbsp;&nbsp; 3390 | 3420840 |
| 4.50%, 08/15/30 | &nbsp;&nbsp; 3105 | 3152032 |
| 4.55%, 03/01/28 | &nbsp;&nbsp; 2940 | 2978893 |
| Sociedad Quimica y Minera de Chile SA, <br> 4.25%, 05/07/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3290 | 3289258 |
| Syensqo Finance America LLC, 5.65%, <br> 06/04/29<sup>(b)</sup><br>| &nbsp;&nbsp; 4170 | 4331469 |
| Syngenta Finance NV, 5.18%, 04/24/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2715 | 2756370 |
| Westlake Corp., 3.38%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1980 | 1914657 |
| Yara International ASA |  |  |
| 3.15%, 06/04/30<sup>(b)</sup> | &nbsp;&nbsp; 4390 | 4172109 |
| 4.75%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5835 | 5909220 |
|  |  | 245800360 |
| **Commercial Services — 1.2%** | **Commercial Services — 1.2%** | **Commercial Services — 1.2%** |
| Adani Ports & Special Economic Zone Ltd. |  |  |
| 4.20%, 08/04/27<sup>(b)</sup> | &nbsp;&nbsp; 3660 | 3615662 |
| 4.38%, 07/03/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3635 | 3565063 |
| Ashtead Capital, Inc. |  |  |
| 4.00%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 3790 | 3766842 |
| 4.25%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp; 4590 | 4566607 |
| 4.38%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp; 2820 | 2815061 |
| Automatic Data Processing, Inc. |  |  |
| 1.25%, 09/01/30 | &nbsp;&nbsp; 5599 | 4994363 |
| 1.70%, 05/15/28 | &nbsp;&nbsp; 5689 | 5450681 |
| Block Financial LLC |  |  |
| 2.50%, 07/15/28 | &nbsp;&nbsp; 2450 | 2334353 |
| 3.88%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3910 | 3721469 |
| Cintas Corp. No. 2 |  |  |
| 3.70%, 04/01/27 | &nbsp;&nbsp; 6262 | 6256075 |
| 4.20%, 05/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2220 | 2240511 |
| CK Hutchison International 23 Ltd., 4.75%, <br> 04/21/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 7245 | 7370281 |
| Cornell University, Series 2025, 4.17%, <br> 06/15/30<br>| &nbsp;&nbsp; 2205 | 2240003 |
| DP World Crescent Ltd. |  |  |
| 3.75%, 01/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3565 | 3459349 |
| 4.85%, 09/26/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 7310 | 7373480 |
| Element Fleet Management Corp. |  |  |
| 4.64%, 11/24/30<sup>(b)</sup> | &nbsp;&nbsp; 3510 | 3544639 |
| 5.04%, 03/25/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3580 | 3669748 |
| 5.64%, 03/13/27<sup>(b)</sup> | &nbsp;&nbsp; 3505 | 3556053 |
| 6.32%, 12/04/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3695 | 3898489 |
| Equifax, Inc. |  |  |
| 3.10%, 05/15/30 | &nbsp;&nbsp; 3730 | 3556881 |
| 4.80%, 09/15/29 | &nbsp;&nbsp; 4015 | 4087363 |
| 5.10%, 12/15/27 | &nbsp;&nbsp; 3570 | 3635997 |
| 5.10%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 4153 | 4242305 |
| ERAC USA Finance LLC |  |  |
| 4.60%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 6230 | 6328024 |
| 5.00%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4485 | 4618746 |
| Experian Finance PLC |  |  |
| 2.75%, 03/08/30<sup>(b)</sup> | &nbsp;&nbsp; 5075 | 4805048 |
| 4.25%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 3815 | 3828958 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Global Payments, Inc. |  |  |
| 2.90%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; $6275 | $5840962 |
| 3.20%, 08/15/29 | &nbsp;&nbsp; 7672 | 7357328 |
| 4.45%, 06/01/28 | &nbsp;&nbsp; 3020 | 3027568 |
| 4.50%, 11/15/28 | &nbsp;&nbsp; 7510 | 7527273 |
| 4.88%, 11/15/30 | &nbsp;&nbsp; 9905 | 9893386 |
| 4.95%, 08/15/27 | &nbsp;&nbsp; 2544 | 2564854 |
| 5.30%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3015 | 3097147 |
| Kaspi.KZ JSC, 6.25%, 03/26/30<sup>(b)</sup> | &nbsp;&nbsp; 3680 | 3787481 |
| Leland Stanford Junior University(The) |  |  |
| 1.29%, 06/01/27<sup>(a)</sup> | &nbsp;&nbsp; 2177 | 2115589 |
| Series 2025, 4.15%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2675 | 2711312 |
| Moody's Corp. |  |  |
| 3.25%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4010 | 3962669 |
| 4.25%, 02/01/29 | &nbsp;&nbsp; 2625 | 2654556 |
| PayPal Holdings, Inc. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 5705 | 5329159 |
| 2.85%, 10/01/29 | &nbsp;&nbsp; 9470 | 9125746 |
| 3.90%, 06/01/27 | &nbsp;&nbsp; 2595 | 2598083 |
| 4.45%, 03/06/28 | &nbsp;&nbsp; 2150 | 2174351 |
| President and Fellows of Harvard College, <br> 4.89%, 03/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; 2110 | 2196235 |
| Quanta Services, Inc. |  |  |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 6240 | 5902315 |
| 4.30%, 08/09/28<sup>(a)</sup> | &nbsp;&nbsp; 2730 | 2752431 |
| 4.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3165 | 3202418 |
| 4.75%, 08/09/27 | &nbsp;&nbsp; 1210 | 1223155 |
| RELX Capital, Inc. |  |  |
| 3.00%, 05/22/30<sup>(a)</sup> | &nbsp;&nbsp; 4942 | 4715356 |
| 4.00%, 03/18/29<sup>(a)</sup> | &nbsp;&nbsp; 6472 | 6469880 |
| 4.75%, 03/27/30 | &nbsp;&nbsp; 5185 | 5287458 |
| Rentokil Terminix Funding LLC, 5.00%, <br> 04/28/30<sup>(b)</sup><br>| &nbsp;&nbsp; 5105 | 5226899 |
| S&P Global, Inc. |  |  |
| 1.25%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3014 | 2672686 |
| 2.45%, 03/01/27 | &nbsp;&nbsp; 5112 | 5042687 |
| 2.50%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3525 | 3350186 |
| 2.70%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7375 | 7129044 |
| 4.25%, 05/01/29 | &nbsp;&nbsp; 5335 | 5384847 |
| 4.25%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 3700 | 3716993 |
| 4.75%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp; 4200 | 4288847 |
| Transurban Finance Co. Pty. Ltd., 3.38%, <br> 03/22/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1600 | 1592337 |
| Trustees of Dartmouth College, 4.27%, <br> 06/01/30<sup>(a)</sup><br>| &nbsp;&nbsp; 1375 | 1397278 |
| Trustees of Princeton University (The), 4.65%, <br> 07/01/30<sup>(a)</sup><br>| &nbsp;&nbsp; 300 | 309504 |
| UL Solutions, Inc., 6.50%, 10/20/28 | &nbsp;&nbsp; 1905 | 2017351 |
| United Rentals North America, Inc., 6.00%, <br> 12/15/29<sup>(b)</sup><br>| &nbsp;&nbsp; 9240 | 9476646 |
| Verisk Analytics, Inc. |  |  |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 4260 | 4274734 |
| 4.45%, 03/15/31 | &nbsp;&nbsp; 655 | 658190 |
| Yale University, Series 2020, 1.48%, <br> 04/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; 2305 | 2102184 |
|  |  | 277699176 |
| **Computers — 1.7%** | **Computers — 1.7%** | **Computers — 1.7%** |
| Accenture Capital, Inc. |  |  |
| 3.90%, 10/04/27<sup>(a)</sup> | &nbsp;&nbsp; 6089 | 6110817 |
| 4.05%, 10/04/29 | &nbsp;&nbsp; 7785 | 7831578 |
| Amdocs Ltd., 2.54%, 06/15/30 | &nbsp;&nbsp; 4455 | 4067774 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| Apple, Inc. |  |  |
| 1.20%, 02/08/28 | &nbsp;&nbsp; $15991 | $15297677 |
| 1.25%, 08/20/30<sup>(a)</sup> | &nbsp;&nbsp; 7430 | 6669644 |
| 1.40%, 08/05/28<sup>(a)</sup> | &nbsp;&nbsp; 13515 | 12854069 |
| 1.65%, 05/11/30<sup>(a)</sup> | &nbsp;&nbsp; 10865 | 9974597 |
| 1.65%, 02/08/31 | &nbsp;&nbsp; 6655 | 6017434 |
| 2.20%, 09/11/29 | &nbsp;&nbsp; 10302 | 9817747 |
| 2.90%, 09/12/27 | &nbsp;&nbsp; 11133 | 11023829 |
| 3.00%, 06/20/27<sup>(a)</sup> | &nbsp;&nbsp; 6303 | 6262939 |
| 3.00%, 11/13/27 | &nbsp;&nbsp; 8736 | 8668851 |
| 3.20%, 05/11/27 | &nbsp;&nbsp; 10482 | 10442861 |
| 3.25%, 08/08/29 | &nbsp;&nbsp; 6240 | 6169299 |
| 4.00%, 05/10/28 | &nbsp;&nbsp; 8613 | 8687635 |
| 4.00%, 05/12/28 | &nbsp;&nbsp; 9035 | 9115794 |
| 4.15%, 05/10/30 | &nbsp;&nbsp; 3855 | 3917816 |
| 4.20%, 05/12/30 | &nbsp;&nbsp; 6605 | 6712657 |
| Booz Allen Hamilton, Inc. |  |  |
| 3.88%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp; 3990 | 3928953 |
| 4.00%, 07/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3375 | 3306743 |
| CGI, Inc., 4.95%, 03/14/30 | &nbsp;&nbsp; 5090 | 5174003 |
| Dell International LLC/EMC Corp. |  |  |
| 4.15%, 02/15/29 | &nbsp;&nbsp; 6005 | 6026492 |
| 4.35%, 02/01/30 | &nbsp;&nbsp; 4815 | 4839727 |
| 4.50%, 02/15/31 | &nbsp;&nbsp; 7365 | 7400760 |
| 4.75%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 5305 | 5389893 |
| 5.00%, 04/01/30 | &nbsp;&nbsp; 6735 | 6926676 |
| 5.25%, 02/01/28 | &nbsp;&nbsp; 5099 | 5215746 |
| 5.30%, 10/01/29 | &nbsp;&nbsp; 9805 | 10176346 |
| 6.10%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2582 | 2648898 |
| 6.20%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3670 | 3943176 |
| Dell, Inc., 7.10%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2455 | 2605966 |
| DXC Technology Co., 2.38%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3755 | 3542254 |
| Gartner, Inc. |  |  |
| 3.63%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 3845 | 3643583 |
| 3.75%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 4605 | 4258271 |
| 4.50%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp; 5578 | 5499148 |
| Genpact Luxembourg SARL/Genpact USA, Inc., <br> 6.00%, 06/04/29<br>| &nbsp;&nbsp; 3125 | 3244791 |
| Genpact UK Finco PLC/Genpact USA, Inc., <br> 4.95%, 11/18/30<br>| &nbsp;&nbsp; 2045 | 1997022 |
| Hewlett Packard Enterprise Co. |  |  |
| 4.05%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp; 5230 | 5239358 |
| 4.15%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4465 | 4475310 |
| 4.40%, 09/25/27 | &nbsp;&nbsp; 6875 | 6914560 |
| 4.40%, 10/15/30 | &nbsp;&nbsp; 5495 | 5502258 |
| 4.55%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp; 10917 | 11047563 |
| 5.25%, 07/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3752 | 3851443 |
| HP, Inc. |  |  |
| 3.00%, 06/17/27 | &nbsp;&nbsp; 5350 | 5282377 |
| 3.40%, 06/17/30<sup>(a)</sup> | &nbsp;&nbsp; 2075 | 1995378 |
| 4.00%, 04/15/29 | &nbsp;&nbsp; 6610 | 6573005 |
| 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5464 | 5532007 |
| 5.40%, 04/25/30<sup>(a)</sup> | &nbsp;&nbsp; 3825 | 3964693 |
| IBM International Capital Pte Ltd. |  |  |
| 4.60%, 02/05/29<sup>(a)</sup> | &nbsp;&nbsp; 3027 | 3083509 |
| 4.75%, 02/05/31 | &nbsp;&nbsp; 2000 | 2037421 |
| International Business Machines Corp. |  |  |
| 1.70%, 05/15/27 | &nbsp;&nbsp; 6797 | 6626255 |
| 1.95%, 05/15/30 | &nbsp;&nbsp; 8900 | 8161358 |
| 3.50%, 05/15/29 | &nbsp;&nbsp; 19640 | 19363496 |
| 4.00%, 02/03/29 | &nbsp;&nbsp; 80 | 80278 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 4.15%, 07/27/27 | &nbsp;&nbsp; $4363 | $4386096 |
| 4.30%, 02/03/31 | &nbsp;&nbsp; 2000 | 2011090 |
| 4.50%, 02/06/28<sup>(a)</sup> | &nbsp;&nbsp; 5820 | 5894589 |
| 4.65%, 02/10/28<sup>(a)</sup> | &nbsp;&nbsp; 5885 | 5977173 |
| 4.80%, 02/10/30<sup>(a)</sup> | &nbsp;&nbsp; 5710 | 5850909 |
| 6.22%, 08/01/27<sup>(a)</sup> | &nbsp;&nbsp; 3129 | 3234082 |
| 6.50%, 01/15/28 | &nbsp;&nbsp; 2485 | 2604512 |
| Kyndryl Holdings, Inc., 2.70%, 10/15/28 | &nbsp;&nbsp; 2775 | 2558104 |
| Leidos, Inc. |  |  |
| 4.10%, 03/15/29 | &nbsp;&nbsp; 2825 | 2832235 |
| 4.38%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3650 | 3663026 |
| Lenovo Group Ltd. |  |  |
| 3.42%, 11/02/30<sup>(b)</sup> | &nbsp;&nbsp; 5450 | 5232307 |
| 5.83%, 01/27/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1145 | 1181623 |
| NetApp, Inc. |  |  |
| 2.38%, 06/22/27 | &nbsp;&nbsp; 2989 | 2927510 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 5200 | 4874678 |
| Teledyne FLIR LLC, 2.50%, 08/01/30 | &nbsp;&nbsp; 2295 | 2149214 |
|  |  | 394518883 |
| **Cosmetics & Personal Care — 0.6%** | **Cosmetics & Personal Care — 0.6%** | **Cosmetics & Personal Care — 0.6%** |
| Colgate-Palmolive Co. |  |  |
| 3.10%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2740 | 2723127 |
| 4.20%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3855 | 3914353 |
| 4.60%, 03/01/28 | &nbsp;&nbsp; 3183 | 3238555 |
| Conopco, Inc., Series F, 6.63%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1885 | 1986670 |
| Coty, Inc./HFC Prestige Products, Inc./HFC <br> Prestige International U.S. LLC<br>|  |  |
| 4.75%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3635 | 3575218 |
| 5.60%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5285 | 5301769 |
| 6.63%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4440 | 4498475 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 2.38%, 12/01/29 | &nbsp;&nbsp; 3030 | 2863679 |
| 2.60%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4520 | 4285685 |
| 3.15%, 03/15/27 | &nbsp;&nbsp; 2385 | 2369135 |
| 4.38%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4577 | 4626565 |
| Haleon U.S. Capital LLC |  |  |
| 3.38%, 03/24/27 | &nbsp;&nbsp; 10080 | 10031220 |
| 3.38%, 03/24/29 | &nbsp;&nbsp; 6910 | 6792198 |
| Kenvue, Inc. |  |  |
| 5.00%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp; 6901 | 7150833 |
| 5.05%, 03/22/28 | &nbsp;&nbsp; 5983 | 6126085 |
| Procter & Gamble Co.(The) |  |  |
| 1.20%, 10/29/30 | &nbsp;&nbsp; 5130 | 4565105 |
| 2.80%, 03/25/27 | &nbsp;&nbsp; 2685 | 2661439 |
| 2.85%, 08/11/27 | &nbsp;&nbsp; 4165 | 4128634 |
| 3.00%, 03/25/30 | &nbsp;&nbsp; 10200 | 9921514 |
| 3.95%, 01/26/28<sup>(a)</sup> | &nbsp;&nbsp; 3510 | 3538487 |
| 4.05%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6080 | 6156910 |
| 4.15%, 10/24/29<sup>(a)</sup> | &nbsp;&nbsp; 3145 | 3203119 |
| 4.35%, 01/29/29 | &nbsp;&nbsp; 4260 | 4364996 |
| Unilever Capital Corp. |  |  |
| 1.38%, 09/14/30<sup>(a)</sup> | &nbsp;&nbsp; 3525 | 3181741 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 5760 | 5457264 |
| 2.90%, 05/05/27<sup>(a)</sup> | &nbsp;&nbsp; 5578 | 5534406 |
| 3.50%, 03/22/28 | &nbsp;&nbsp; 7545 | 7523142 |
| 4.25%, 08/12/27 | &nbsp;&nbsp; 3638 | 3668079 |
| 4.88%, 09/08/28<sup>(a)</sup> | &nbsp;&nbsp; 4030 | 4140310 |
|  |  | 137528713 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** |
| Ferguson Finance PLC |  |  |
| 3.25%, 06/02/30<sup>(b)</sup> | &nbsp;&nbsp; $3060 | $2939979 |
| 4.25%, 04/20/27<sup>(b)</sup> | &nbsp;&nbsp; 1075 | 1077849 |
| 4.50%, 10/24/28<sup>(b)</sup> | &nbsp;&nbsp; 4575 | 4615912 |
| LKQ Corp., 5.75%, 06/15/28 | &nbsp;&nbsp; 4240 | 4354561 |
| Mitsubishi Corp. |  |  |
| 4.00%, 09/09/28<sup>(b)</sup> | &nbsp;&nbsp; 1445 | 1450546 |
| 4.13%, 09/09/30<sup>(b)</sup> | &nbsp;&nbsp; 3275 | 3298614 |
| 5.00%, 07/05/28<sup>(b)</sup> | &nbsp;&nbsp; 2990 | 3063003 |
| 5.00%, 07/02/29<sup>(b)</sup> | &nbsp;&nbsp; 2845 | 2938535 |
|  |  | 23738999 |
| **Diversified Financial Services — 4.5%** | **Diversified Financial Services — 4.5%** | **Diversified Financial Services — 4.5%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.00%, 10/29/28 | &nbsp;&nbsp; 21775 | 21183137 |
| 3.65%, 07/21/27 | &nbsp;&nbsp; 5956 | 5934342 |
| 3.88%, 01/23/28 | &nbsp;&nbsp; 3165 | 3158509 |
| 4.13%, 02/28/29 | &nbsp;&nbsp; 6875 | 6878596 |
| 4.38%, 11/15/30 | &nbsp;&nbsp; 3645 | 3654618 |
| 4.63%, 10/15/27 | &nbsp;&nbsp; 2975 | 3002501 |
| 4.63%, 09/10/29 | &nbsp;&nbsp; 8500 | 8618932 |
| 4.88%, 04/01/28 | &nbsp;&nbsp; 3175 | 3228257 |
| 5.10%, 01/19/29<sup>(a)</sup> | &nbsp;&nbsp; 4940 | 5072220 |
| 5.75%, 06/06/28<sup>(a)</sup> | &nbsp;&nbsp; 5200 | 5385196 |
| 6.15%, 09/30/30 | &nbsp;&nbsp; 5480 | 5882549 |
| 6.45%, 04/15/27 | &nbsp;&nbsp; 7995 | 8196199 |
| 6.95%, 03/10/55, (5-year CMT + 2.72%)<sup>(c)</sup> | &nbsp;&nbsp; 3570 | 3773043 |
| Affiliated Managers Group, Inc., 3.30%, <br> 06/15/30<br>| &nbsp;&nbsp; 2620 | 2514412 |
| Air Lease Corp. |  |  |
| 2.10%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2750 | 2612406 |
| 3.00%, 02/01/30 | &nbsp;&nbsp; 3565 | 3377157 |
| 3.13%, 12/01/30 | &nbsp;&nbsp; 4200 | 3950333 |
| 3.25%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3250 | 3135715 |
| 3.63%, 04/01/27<sup>(a)</sup> | &nbsp;&nbsp; 5507 | 5469541 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 2875 | 2855444 |
| 4.63%, 10/01/28 | &nbsp;&nbsp; 2725 | 2748630 |
| 5.10%, 03/01/29 | &nbsp;&nbsp; 2750 | 2812772 |
| 5.30%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3900 | 3981344 |
| 5.85%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp; 3725 | 3836320 |
| Air Lease Corp. Sukuk Ltd., 5.85%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 3585 | 3662787 |
| Aircastle Ltd. |  |  |
| 2.85%, 01/26/28<sup>(b)</sup> | &nbsp;&nbsp; 3915 | 3823314 |
| 5.95%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3810 | 3989502 |
| 6.50%, 07/18/28<sup>(b)</sup> | &nbsp;&nbsp; 3417 | 3591172 |
| Aircastle Ltd./Aircastle Ireland DAC |  |  |
| 5.00%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4010 | 4100081 |
| 5.25%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp; 3075 | 3174216 |
| Ally Financial, Inc. |  |  |
| 2.20%, 11/02/28 | &nbsp;&nbsp; 3955 | 3764435 |
| 4.75%, 06/09/27 | &nbsp;&nbsp; 2525 | 2544742 |
| 5.54%, 01/17/31, (1-day SOFR Index + <br> 1.73%)<sup>(c)</sup><br>| &nbsp;&nbsp; 3210 | 3300115 |
| 5.74%, 05/15/29, (1-day SOFR Index + <br> 1.96%)<sup>(c)</sup><br>| &nbsp;&nbsp; 2415 | 2479595 |
| 6.85%, 01/03/30, (1-day SOFR + 2.82%)<sup>(c)</sup> | &nbsp;&nbsp; 5107 | 5406559 |
| 6.99%, 06/13/29, (1-day SOFR + 3.26%)<sup>(c)</sup> | &nbsp;&nbsp; 4530 | 4771498 |
| 7.10%, 11/15/27 | &nbsp;&nbsp; 4120 | 4318683 |
| American Express Co. |  |  |
| 2.55%, 03/04/27<sup>(a)</sup> | &nbsp;&nbsp; 10059 | 9946195 |
| 3.30%, 05/03/27 | &nbsp;&nbsp; 9637 | 9590697 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 4.01%, 02/09/29, (1-day SOFR + 0.58%)<sup>(c)</sup> | &nbsp;&nbsp; $7425 | $7447152 |
| 4.05%, 05/03/29 | &nbsp;&nbsp; 5774 | 5823497 |
| 4.35%, 07/20/29, (1-day SOFR + 0.81%)<sup>(c)</sup> | &nbsp;&nbsp; 8518 | 8598171 |
| 4.46%, 02/10/32, (1-day SOFR + 0.87%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5060 | 5109586 |
| 4.73%, 04/25/29, (1-day SOFR + 1.26%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 8615 | 8757683 |
| 5.02%, 04/25/31, (1-day SOFR + 1.44%)<sup>(c)</sup> | &nbsp;&nbsp; 8555 | 8839253 |
| 5.04%, 07/26/28, (1-day SOFR + 0.93%)<sup>(c)</sup> | &nbsp;&nbsp; 9700 | 9851588 |
| 5.09%, 01/30/31, (1-day SOFR Index + <br> 1.02%)<sup>(c)</sup><br>| &nbsp;&nbsp; 8415 | 8694102 |
| 5.28%, 07/27/29, (1-day SOFR Index + <br> 1.28%)<sup>(c)</sup><br>| &nbsp;&nbsp; 8707 | 8970577 |
| 5.53%, 04/25/30, (1-day SOFR Index + <br> 1.09%)<sup>(c)</sup><br>| &nbsp;&nbsp; 8137 | 8496736 |
| 5.85%, 11/05/27<sup>(a)</sup> | &nbsp;&nbsp; 10910 | 11257819 |
| 6.49%, 10/30/31, (1-day SOFR + 1.94%)<sup>(c)</sup> | &nbsp;&nbsp; 6280 | 6879868 |
| American Express Credit Corp., 3.30%, <br> 05/03/27<br>| &nbsp;&nbsp; 2300 | 2287305 |
| Ameriprise Financial, Inc., 5.70%, 12/15/28 | &nbsp;&nbsp; 3984 | 4169893 |
| Andrew W Mellon Foundation (The), Series <br> 2020, 0.95%, 08/01/27<br>| &nbsp;&nbsp; 925 | 890039 |
| Apollo Global Management, Inc., 4.60%, <br> 01/15/31<br>| &nbsp;&nbsp; 2250 | 2265306 |
| Ares Finance Co. II LLC, 3.25%, 06/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2705 | 2590112 |
| Ares Management Corp., 6.38%, 11/10/28<sup>(a)</sup> | &nbsp;&nbsp; 3245 | 3404585 |
| Atlas Warehouse Lending Co. LP |  |  |
| 4.63%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1805 | 1805042 |
| 4.95%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 5070 | 5077502 |
| 6.05%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 4465 | 4578143 |
| 6.25%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 3860 | 4044951 |
| Aviation Capital Group LLC |  |  |
| 3.50%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp; 3885 | 3842921 |
| 4.25%, 04/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2455 | 2455069 |
| 4.75%, 04/14/27<sup>(b)</sup> | &nbsp;&nbsp; 860 | 865348 |
| 4.80%, 10/24/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5730 | 5789381 |
| 5.13%, 04/10/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3655 | 3755161 |
| 5.38%, 07/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3250 | 3357185 |
| 6.25%, 04/15/28<sup>(b)</sup> | &nbsp;&nbsp; 3610 | 3751494 |
| 6.38%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1200 | 1288882 |
| 6.75%, 10/25/28<sup>(b)</sup> | &nbsp;&nbsp; 2747 | 2913301 |
| Avilease Capital Ltd., 4.75%, 11/12/30<sup>(b)</sup> | &nbsp;&nbsp; 4500 | 4484524 |
| Avolon Holdings Funding Ltd. |  |  |
| 2.53%, 11/18/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3868 | 3766111 |
| 2.75%, 02/21/28<sup>(b)</sup> | &nbsp;&nbsp; 3545 | 3449114 |
| 4.20%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1425 | 1421202 |
| 4.70%, 01/30/31<sup>(b)</sup> | &nbsp;&nbsp; 5855 | 5875442 |
| 4.95%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 5802 | 5879057 |
| 5.15%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3055 | 3128484 |
| 5.38%, 05/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5565 | 5755901 |
| 5.75%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp; 6665 | 6933837 |
| 5.75%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 6040 | 6311939 |
| 6.38%, 05/04/28<sup>(b)</sup> | &nbsp;&nbsp; 7220 | 7525006 |
| BGC Group, Inc. |  |  |
| 6.15%, 04/02/30 | &nbsp;&nbsp; 4500 | 4686857 |
| 6.60%, 06/10/29<sup>(a)</sup> | &nbsp;&nbsp; 3385 | 3556502 |
| 8.00%, 05/25/28<sup>(a)</sup> | &nbsp;&nbsp; 1760 | 1881383 |
| Blackstone Holdings Finance Co. LLC |  |  |
| 1.63%, 08/05/28<sup>(b)</sup> | &nbsp;&nbsp; 4305 | 4069151 |
| 2.50%, 01/10/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4025 | 3786182 |
| 3.15%, 10/02/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1899 | 1875593 |
| 5.90%, 11/03/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4438 | 4566545 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| BOC Aviation Ltd. |  |  |
| 2.63%, 09/17/30<sup>(b)</sup> | &nbsp;&nbsp; $500 | $472699 |
| 3.00%, 09/11/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6035 | 5842587 |
| 3.50%, 09/18/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3745 | 3724315 |
| BOC Aviation USA Corp. |  |  |
| 5.25%, 01/14/30<sup>(b)</sup> | &nbsp;&nbsp; 3530 | 3687035 |
| 5.75%, 11/09/28<sup>(b)</sup> | &nbsp;&nbsp; 3725 | 3898464 |
| Brookfield Asset Management Ltd., 4.65%, <br> 11/15/30<br>| &nbsp;&nbsp; 3680 | 3719581 |
| Brookfield Finance, Inc. |  |  |
| 3.90%, 01/25/28 | &nbsp;&nbsp; 5985 | 5971442 |
| 4.35%, 04/15/30 | &nbsp;&nbsp; 5180 | 5189944 |
| 4.85%, 03/29/29<sup>(a)</sup> | &nbsp;&nbsp; 6280 | 6395551 |
| Caja de Compensacion de Asignacion Familiar <br> de Los Andes, 7.00%, 07/30/29<sup>(b)</sup><br>| &nbsp;&nbsp; 1625 | 1720594 |
| Cantor Fitzgerald LP |  |  |
| 4.50%, 04/14/27<sup>(b)</sup> | &nbsp;&nbsp; 2107 | 2108067 |
| 7.20%, 12/12/28<sup>(b)</sup> | &nbsp;&nbsp; 4515 | 4793868 |
| Capital One Financial Corp. |  |  |
| 3.27%, 03/01/30, (1-day SOFR + 1.79%)<sup>(c)</sup> | &nbsp;&nbsp; 8730 | 8514695 |
| 3.65%, 05/11/27<sup>(a)</sup> | &nbsp;&nbsp; 4889 | 4871785 |
| 3.75%, 03/09/27 | &nbsp;&nbsp; 7099 | 7089880 |
| 3.80%, 01/31/28 | &nbsp;&nbsp; 7824 | 7801771 |
| 4.49%, 09/11/31, (1-day SOFR + 1.25%)<sup>(c)</sup> | &nbsp;&nbsp; 11140 | 11142107 |
| 4.72%, 01/30/32, (1-day SOFR + 1.15%)<sup>(c)</sup> | &nbsp;&nbsp; 3505 | 3529081 |
| 4.93%, 05/10/28, (1-day SOFR + 2.06%)<sup>(c)</sup> | &nbsp;&nbsp; 9118 | 9207951 |
| 5.25%, 07/26/30, (1-day SOFR + 2.60%)<sup>(c)</sup> | &nbsp;&nbsp; 4702 | 4858744 |
| 5.46%, 07/26/30, (1-day SOFR + 1.56%)<sup>(c)</sup> | &nbsp;&nbsp; 5820 | 6036297 |
| 5.47%, 02/01/29, (1-day SOFR + 2.08%)<sup>(c)</sup> | &nbsp;&nbsp; 6532 | 6697145 |
| 5.70%, 02/01/30, (1-day SOFR + 1.91%)<sup>(c)</sup> | &nbsp;&nbsp; 5625 | 5858062 |
| 6.31%, 06/08/29, (1-day SOFR + 2.64%)<sup>(c)</sup> | &nbsp;&nbsp; 10010 | 10477496 |
| 7.62%, 10/30/31, (1-day SOFR + 3.07%)<sup>(c)</sup> | &nbsp;&nbsp; 9480 | 10685374 |
| Cboe Global Markets, Inc., 1.63%, 12/15/30 | &nbsp;&nbsp; 1350 | 1206146 |
| Charles Schwab Corp.(The) |  |  |
| 2.00%, 03/20/28 | &nbsp;&nbsp; 7110 | 6868635 |
| 2.45%, 03/03/27 | &nbsp;&nbsp; 8713 | 8602175 |
| 2.75%, 10/01/29 | &nbsp;&nbsp; 3105 | 2985844 |
| 3.20%, 03/02/27<sup>(a)</sup> | &nbsp;&nbsp; 3531 | 3512156 |
| 3.20%, 01/25/28 | &nbsp;&nbsp; 3815 | 3782206 |
| 3.25%, 05/22/29<sup>(a)</sup> | &nbsp;&nbsp; 3555 | 3494251 |
| 3.30%, 04/01/27<sup>(a)</sup> | &nbsp;&nbsp; 4525 | 4499663 |
| 4.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3255 | 3279995 |
| 4.34%, 11/14/31, (1-day SOFR + 0.94%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6575 | 6616637 |
| 4.63%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp; 2860 | 2943870 |
| 5.64%, 05/19/29, (1-day SOFR + 2.21%)<sup>(c)</sup> | &nbsp;&nbsp; 6968 | 7232533 |
| 6.20%, 11/17/29, (1-day SOFR + 1.88%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 8380 | 8869182 |
| CI Financial Corp. |  |  |
| 3.20%, 12/17/30 | &nbsp;&nbsp; 4918 | 4507295 |
| 7.50%, 05/30/29<sup>(b)</sup> | &nbsp;&nbsp; 4010 | 4282475 |
| Citadel Finance LLC |  |  |
| 4.75%, 02/14/29<sup>(b)</sup> | &nbsp;&nbsp; 2250 | 2239391 |
| 5.15%, 02/14/31<sup>(b)</sup> | &nbsp;&nbsp; 3700 | 3685078 |
| 5.90%, 02/10/30<sup>(b)</sup> | &nbsp;&nbsp; 6050 | 6207251 |
| Citadel LP, 6.00%, 01/23/30<sup>(b)</sup> | &nbsp;&nbsp; 3575 | 3735043 |
| Citadel Securities Global Holdings LLC, 5.50%, <br> 06/18/30<sup>(b)</sup><br>| &nbsp;&nbsp; 4120 | 4238689 |
| Citigroup Global Markets Holdings, Inc., 5.00%, <br> 05/28/29<br>| &nbsp;&nbsp; 1225 | 1271497 |
| CME Group, Inc. |  |  |
| 3.75%, 06/15/28 | &nbsp;&nbsp; 3502 | 3502255 |
| 4.40%, 03/15/30 | &nbsp;&nbsp; 5500 | 5601769 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| DAE Sukuk Difc Ltd., 4.50%, 10/16/30<sup>(b)</sup> | &nbsp;&nbsp; $3700 | $3667614 |
| Eaton Vance Corp., 3.50%, 04/06/27 | &nbsp;&nbsp; 1823 | 1817503 |
| Enact Holdings, Inc., 6.25%, 05/28/29<sup>(a)</sup> | &nbsp;&nbsp; 4845 | 5084299 |
| Equitable America Global Funding |  |  |
| 3.95%, 09/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1565 | 1563880 |
| 4.30%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp; 3120 | 3135808 |
| 4.65%, 06/09/28<sup>(b)</sup> | &nbsp;&nbsp; 5035 | 5092481 |
| 4.95%, 06/09/30<sup>(b)</sup> | &nbsp;&nbsp; 4680 | 4781431 |
| FMR LLC, 7.57%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 4860 | 5364157 |
| Franklin Resources, Inc., 1.60%, 10/30/30<sup>(a)</sup> | &nbsp;&nbsp; 4925 | 4428573 |
| Jefferies Financial Group, Inc. |  |  |
| 4.15%, 01/23/30 | &nbsp;&nbsp; 6110 | 6008796 |
| 5.88%, 07/21/28<sup>(a)</sup> | &nbsp;&nbsp; 6422 | 6630077 |
| 6.45%, 06/08/27<sup>(a)</sup> | &nbsp;&nbsp; 2002 | 2052953 |
| Lazard Group LLC |  |  |
| 4.38%, 03/11/29 | &nbsp;&nbsp; 2985 | 2991480 |
| 4.50%, 09/19/28 | &nbsp;&nbsp; 3402 | 3422968 |
| LPL Holdings, Inc. |  |  |
| 4.00%, 03/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6200 | 6115710 |
| 4.63%, 11/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4935 | 4931973 |
| 4.90%, 04/03/28<sup>(a)</sup> | &nbsp;&nbsp; 2670 | 2700897 |
| 5.15%, 06/15/30 | &nbsp;&nbsp; 3130 | 3194020 |
| 5.20%, 03/15/30 | &nbsp;&nbsp; 4945 | 5048918 |
| 5.70%, 05/20/27 | &nbsp;&nbsp; 2380 | 2419584 |
| 6.75%, 11/17/28 | &nbsp;&nbsp; 4565 | 4840955 |
| LSEG U.S. Fin Corp., 4.88%, 03/28/27<sup>(b)</sup> | &nbsp;&nbsp; 3030 | 3057676 |
| LSEGA Financing PLC, 2.00%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp; 6205 | 5956055 |
| Macquarie Airfinance Holdings Ltd. |  |  |
| 5.15%, 03/17/30<sup>(b)</sup> | &nbsp;&nbsp; 3370 | 3443347 |
| 5.20%, 03/27/28<sup>(b)</sup> | &nbsp;&nbsp; 3630 | 3690754 |
| 6.40%, 03/26/29<sup>(b)</sup> | &nbsp;&nbsp; 2950 | 3110907 |
| Marex Group PLC |  |  |
| 5.83%, 05/08/28 | &nbsp;&nbsp; 2505 | 2554927 |
| 6.40%, 11/04/29<sup>(a)</sup> | &nbsp;&nbsp; 3585 | 3752988 |
| Mastercard, Inc. |  |  |
| 2.95%, 06/01/29 | &nbsp;&nbsp; 6920 | 6745135 |
| 3.30%, 03/26/27 | &nbsp;&nbsp; 3650 | 3633979 |
| 3.35%, 03/26/30<sup>(a)</sup> | &nbsp;&nbsp; 8670 | 8520392 |
| 3.50%, 02/26/28 | &nbsp;&nbsp; 3765 | 3761614 |
| 4.10%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4188 | 4224983 |
| 4.55%, 03/15/28 | &nbsp;&nbsp; 3425 | 3481417 |
| 4.88%, 03/09/28<sup>(a)</sup> | &nbsp;&nbsp; 4832 | 4937752 |
| Midcap Financial Issuer Trust |  |  |
| 5.63%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 2000 | 1943148 |
| 6.50%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 160 | 158812 |
| Mitsubishi HC Capital, Inc. |  |  |
| 3.97%, 04/13/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 600 | 594817 |
| 5.08%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 3225 | 3270085 |
| Mitsubishi HC Finance America LLC |  |  |
| 4.56%, 01/14/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3835 | 3880538 |
| 5.15%, 10/24/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2765 | 2858762 |
| 5.81%, 09/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2790 | 2899655 |
| Nasdaq, Inc. |  |  |
| 1.65%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3867 | 3448633 |
| 5.35%, 06/28/28 | &nbsp;&nbsp; 5396 | 5556187 |
| Neuberger Berman Group LLC/Neuberger <br> Berman Finance Corp., 4.50%, 03/15/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2007 | 2008471 |
| Nomura Holdings, Inc. |  |  |
| 2.17%, 07/14/28 | &nbsp;&nbsp; 5655 | 5411992 |
| 2.68%, 07/16/30 | &nbsp;&nbsp; 6280 | 5873540 |
| 2.71%, 01/22/29<sup>(a)</sup> | &nbsp;&nbsp; 2925 | 2815117 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 3.10%, 01/16/30 | &nbsp;&nbsp; $7202 | $6908317 |
| 4.90%, 07/01/30 | &nbsp;&nbsp; 4920 | 5033924 |
| 5.39%, 07/06/27<sup>(a)</sup> | &nbsp;&nbsp; 1285 | 1307226 |
| 5.59%, 07/02/27<sup>(a)</sup> | &nbsp;&nbsp; 1540 | 1571272 |
| 5.61%, 07/06/29<sup>(a)</sup> | &nbsp;&nbsp; 3620 | 3781432 |
| 5.84%, 01/18/28<sup>(a)</sup> | &nbsp;&nbsp; 3375 | 3483278 |
| 6.07%, 07/12/28 | &nbsp;&nbsp; 5315 | 5553747 |
| Nuveen LLC |  |  |
| 4.00%, 11/01/28<sup>(b)</sup> | &nbsp;&nbsp; 4605 | 4611615 |
| 5.55%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 4005 | 4180393 |
| ORIX Corp. |  |  |
| 3.70%, 07/18/27<sup>(a)</sup> | &nbsp;&nbsp; 1420 | 1417060 |
| 4.45%, 09/09/30<sup>(a)</sup> | &nbsp;&nbsp; 2945 | 2978223 |
| 4.65%, 09/10/29<sup>(a)</sup> | &nbsp;&nbsp; 5615 | 5752585 |
| 5.00%, 09/13/27<sup>(a)</sup> | &nbsp;&nbsp; 5929 | 6023373 |
| Power Finance Corp. Ltd. |  |  |
| 3.95%, 04/23/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4990 | 4926377 |
| 6.15%, 12/06/28<sup>(b)</sup> | &nbsp;&nbsp; 1410 | 1478098 |
| Radian Group, Inc. |  |  |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 2685 | 2691771 |
| 6.20%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4590 | 4818778 |
| Raymond James Financial, Inc., 4.65%, <br> 04/01/30<sup>(a)</sup><br>| &nbsp;&nbsp; 3760 | 3845981 |
| REC Ltd. |  |  |
| 4.75%, 09/27/29<sup>(b)</sup> | &nbsp;&nbsp; 3745 | 3800415 |
| 5.63%, 04/11/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6260 | 6425839 |
| Stellantis Financial Services U.S. Corp. |  |  |
| 4.95%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp; 5045 | 5086523 |
| 5.40%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4625 | 4676284 |
| Stifel Financial Corp., 4.00%, 05/15/30 | &nbsp;&nbsp; 2430 | 2399447 |
| Synchrony Financial |  |  |
| 3.95%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 5680 | 5653962 |
| 4.95%, 02/25/32, (1-day SOFR + 1.53%)<sup>(c)</sup> | &nbsp;&nbsp; 3640 | 3618515 |
| 5.02%, 07/29/29, (1-day SOFR + 1.40%)<sup>(c)</sup> | &nbsp;&nbsp; 2015 | 2040921 |
| 5.15%, 03/19/29 | &nbsp;&nbsp; 4587 | 4661396 |
| 5.45%, 03/06/31, (1-day SOFR + 1.68%)<sup>(c)</sup> | &nbsp;&nbsp; 6330 | 6465452 |
| 5.94%, 08/02/30, (1-day SOFR + 2.13%)<sup>(c)</sup> | &nbsp;&nbsp; 4730 | 4908664 |
| USAA Capital Corp. |  |  |
| 2.13%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp; 2640 | 2456532 |
| 4.38%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 2280 | 2308375 |
| 5.25%, 06/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 795 | 810322 |
| Visa, Inc. |  |  |
| 0.75%, 08/15/27 | &nbsp;&nbsp; 2762 | 2653858 |
| 1.10%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2280 | 2005129 |
| 1.90%, 04/15/27 | &nbsp;&nbsp; 7886 | 7734491 |
| 2.05%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 9370 | 8756973 |
| 2.75%, 09/15/27 | &nbsp;&nbsp; 4296 | 4240908 |
| 3.80%, 02/12/29 | &nbsp;&nbsp; 3125 | 3140621 |
| 4.10%, 02/12/31<sup>(a)</sup> | &nbsp;&nbsp; 2895 | 2928565 |
| Voya Financial, Inc., 4.70%, 01/23/48, (3-mo. <br> SOFR US + 2.34%)<sup>(c)</sup><br>| &nbsp;&nbsp; 1393 | 1338988 |
| Voya Global Funding, 4.60%, 11/24/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2190 | 2223515 |
|  |  | 1021579722 |
| **Electric — 6.2%** | **Electric — 6.2%** | **Electric — 6.2%** |
| Abu Dhabi National Energy Co. PJSC |  |  |
| 2.00%, 04/29/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4495 | 4316274 |
| 4.38%, 01/24/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2880 | 2910423 |
| 4.88%, 04/23/30<sup>(b)</sup> | &nbsp;&nbsp; 1520 | 1562958 |
| Adani Electricity Mumbai Ltd., 3.95%, <br> 02/12/30<sup>(b)</sup><br>| &nbsp;&nbsp; 4725 | 4479602 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| AEP Texas, Inc. |  |  |
| 3.95%, 06/01/28 | &nbsp;&nbsp; $2825 | $2824297 |
| 5.45%, 05/15/29 | &nbsp;&nbsp; 3262 | 3401291 |
| Series I, 2.10%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3345 | 3082018 |
| AES Andes SA, 6.30%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1340 | 1394806 |
| AES Corp.(The) |  |  |
| 2.45%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5600 | 5192848 |
| 3.95%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3785 | 3719481 |
| 5.45%, 06/01/28 | &nbsp;&nbsp; 7310 | 7478852 |
| Alabama Power Co. |  |  |
| 3.75%, 09/01/27 | &nbsp;&nbsp; 3185 | 3189418 |
| Series 20-A, 1.45%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3525 | 3155393 |
| Alexander Funding Trust II, 7.47%, <br> 07/31/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2875 | 3061927 |
| Alliant Energy Finance LLC |  |  |
| 4.25%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1430 | 1424979 |
| 5.40%, 06/06/27<sup>(b)</sup> | &nbsp;&nbsp; 1840 | 1863872 |
| 5.95%, 03/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2135 | 2244068 |
| Ameren Corp. |  |  |
| 1.75%, 03/15/28 | &nbsp;&nbsp; 2985 | 2853121 |
| 1.95%, 03/15/27 | &nbsp;&nbsp; 2786 | 2729587 |
| 3.50%, 01/15/31 | &nbsp;&nbsp; 4312 | 4183728 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 4107 | 4222713 |
| Ameren Illinois Co. |  |  |
| 1.55%, 11/15/30 | &nbsp;&nbsp; 590 | 528300 |
| 3.80%, 05/15/28 | &nbsp;&nbsp; 2045 | 2046084 |
| American Electric Power Co., Inc. |  |  |
| 2.30%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2274 | 2122205 |
| 3.20%, 11/13/27 | &nbsp;&nbsp; 2765 | 2732505 |
| 5.20%, 01/15/29 | &nbsp;&nbsp; 6055 | 6261027 |
| 5.75%, 11/01/27 | &nbsp;&nbsp; 2796 | 2876465 |
| 7.05%, 12/15/54, (5-year CMT + 2.75%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 1925 | 2027606 |
| Series J, 4.30%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3482 | 3514554 |
| Appalachian Power Co., Series X, 3.30%, <br> 06/01/27<br>| &nbsp;&nbsp; 1630 | 1614498 |
| Arizona Public Service Co. |  |  |
| 2.60%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 2865 | 2730458 |
| 2.95%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1111 | 1094867 |
| Atlantic City Electric Co., 4.00%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2008072 |
| Ausgrid Finance Pty Ltd., 4.35%, 08/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1055 | 1061030 |
| Avangrid, Inc., 3.80%, 06/01/29 | &nbsp;&nbsp; 4730 | 4695695 |
| Berkshire Hathaway Energy Co. |  |  |
| 3.25%, 04/15/28 | &nbsp;&nbsp; 2833 | 2804671 |
| 3.70%, 07/15/30 | &nbsp;&nbsp; 7465 | 7392116 |
| 8.48%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2185 | 2418975 |
| Black Hills Corp. |  |  |
| 2.50%, 06/15/30 | &nbsp;&nbsp; 1860 | 1733011 |
| 3.05%, 10/15/29 | &nbsp;&nbsp; 2920 | 2816314 |
| 4.55%, 01/31/31<sup>(a)</sup> | &nbsp;&nbsp; 2475 | 2499765 |
| 5.95%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1788 | 1855131 |
| Brookfield Infrastructure Finance ULC, 6.75%, <br> 03/15/55, (5-year CMT + 2.45%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 1420 | 1445989 |
| Capital Power U.S. Holdings, Inc., 5.26%, <br> 06/01/28<sup>(b)</sup><br>| &nbsp;&nbsp; 5100 | 5204451 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 4.80%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3270 | 3373290 |
| 5.20%, 10/01/28 | &nbsp;&nbsp; 3022 | 3121942 |
| CenterPoint Energy, Inc. |  |  |
| 2.95%, 03/01/30 | &nbsp;&nbsp; 2476 | 2374594 |
| 5.40%, 06/01/29 | &nbsp;&nbsp; 4575 | 4759556 |
| 6.70%, 05/15/55, (5-year CMT + 2.59%)<sup>(c)</sup> | &nbsp;&nbsp; 2900 | 2997753 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series A, 7.00%, 02/15/55, (5-year CMT + <br> 3.25%)<sup>(c)</sup><br>| &nbsp;&nbsp; $2220 | $2333244 |
| China Southern Power Grid International <br> Finance BVI Co. Ltd., 3.50%, 05/08/27<sup>(b)</sup><br>| &nbsp;&nbsp; 305 | 304146 |
| Cleco Corporate Holdings LLC, 3.38%, <br> 09/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 430 | 409444 |
| Cleveland Electric Illuminating Co.(The) |  |  |
| 3.50%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 2055 | 2024567 |
| 4.55%, 11/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 905 | 911555 |
| CMS Energy Corp. |  |  |
| 3.45%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1842 | 1829221 |
| 3.75%, 12/01/50, (5-year CMT + 2.90%)<sup>(c)</sup> | &nbsp;&nbsp; 1810 | 1684804 |
| 4.75%, 06/01/50, (5-year CMT + 4.12%)<sup>(c)</sup> | &nbsp;&nbsp; 2250 | 2225840 |
| Colbun SA, 3.15%, 03/06/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3150 | 2984471 |
| Comision Federal de Electricidad |  |  |
| 4.69%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp; 4702 | 4697932 |
| 5.70%, 01/24/30<sup>(b)</sup> | &nbsp;&nbsp; 3975 | 4070400 |
| Commonwealth Edison Co. |  |  |
| 2.20%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2315 | 2165311 |
| 3.70%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3340 | 3336207 |
| Series 122, 2.95%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1923 | 1902784 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.65%, 01/01/29 | &nbsp;&nbsp; 2090 | 2135813 |
| 4.95%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2710 | 2800381 |
| Series A, 3.20%, 03/15/27 | &nbsp;&nbsp; 2493 | 2480064 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 3.80%, 05/15/28 | &nbsp;&nbsp; 2030 | 2030778 |
| Series 20A, 3.35%, 04/01/30 | &nbsp;&nbsp; 3190 | 3112775 |
| Series B, 3.13%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1665 | 1649516 |
| Series D, 4.00%, 12/01/28 | &nbsp;&nbsp; 2535 | 2552419 |
| Constellation Energy Generation LLC |  |  |
| 3.90%, 01/08/28 | &nbsp;&nbsp; 5300 | 5302228 |
| 4.40%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4680 | 4711972 |
| 5.00%, 02/01/31<sup>(b)</sup> | &nbsp;&nbsp; 1895 | 1923679 |
| 5.60%, 03/01/28 | &nbsp;&nbsp; 5525 | 5698439 |
| Consumers Energy Co. |  |  |
| 3.80%, 11/15/28 | &nbsp;&nbsp; 2168 | 2167912 |
| 4.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2860 | 2918429 |
| 4.60%, 05/30/29<sup>(a)</sup> | &nbsp;&nbsp; 4290 | 4389394 |
| 4.65%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2410 | 2448044 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 4205 | 4316592 |
| 4.90%, 02/15/29 | &nbsp;&nbsp; 2883 | 2964999 |
| Dayton Power & Light Co. (The), 4.55%, <br> 08/15/30<br>| &nbsp;&nbsp; 2530 | 2549465 |
| Dominion Energy, Inc. |  |  |
| 4.25%, 06/01/28 | &nbsp;&nbsp; 2896 | 2915653 |
| 4.60%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5550 | 5629924 |
| 5.00%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5165 | 5324811 |
| 6.00%, 02/15/56, (5-year CMT + 2.26%)<sup>(c)</sup> | &nbsp;&nbsp; 8000 | 8118024 |
| Series A, 6.88%, 02/01/55, (5-year CMT + <br> 2.39%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 5400 | 5654367 |
| Series B, 3.60%, 03/15/27 | &nbsp;&nbsp; 1920 | 1914774 |
| Series C, 3.38%, 04/01/30 | &nbsp;&nbsp; 9277 | 9024465 |
| DTE Electric Co. |  |  |
| 2.25%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3808 | 3572034 |
| 4.25%, 05/14/27 | &nbsp;&nbsp; 1275 | 1283771 |
| Series A, 1.90%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3404 | 3281692 |
| DTE Energy Co. |  |  |
| 2.95%, 03/01/30 | &nbsp;&nbsp; 1985 | 1893672 |
| 4.88%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 6037 | 6153263 |
| 4.95%, 07/01/27 | &nbsp;&nbsp; 6788 | 6868853 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.10%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; $7235 | $7443869 |
| 5.20%, 04/01/30 | &nbsp;&nbsp; 7550 | 7850522 |
| Series C, 3.40%, 06/15/29 | &nbsp;&nbsp; 2955 | 2895798 |
| Duke Energy Carolinas LLC |  |  |
| 2.45%, 08/15/29 | &nbsp;&nbsp; 3125 | 2980847 |
| 2.45%, 02/01/30 | &nbsp;&nbsp; 3430 | 3242808 |
| 3.95%, 11/15/28 | &nbsp;&nbsp; 3740 | 3757093 |
| 4.85%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3050 | 3155923 |
| Series A, 6.00%, 12/01/28 | &nbsp;&nbsp; 2601 | 2744394 |
| Duke Energy Corp. |  |  |
| 2.45%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5675 | 5318405 |
| 3.15%, 08/15/27 | &nbsp;&nbsp; 2597 | 2568934 |
| 3.40%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3495 | 3436221 |
| 4.30%, 03/15/28 | &nbsp;&nbsp; 6036 | 6084149 |
| 4.85%, 01/05/29<sup>(a)</sup> | &nbsp;&nbsp; 3705 | 3796383 |
| 5.00%, 12/08/27 | &nbsp;&nbsp; 2655 | 2705685 |
| Duke Energy Florida LLC |  |  |
| 1.75%, 06/15/30 | &nbsp;&nbsp; 4189 | 3816422 |
| 2.50%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3805 | 3624003 |
| 3.80%, 07/15/28 | &nbsp;&nbsp; 3673 | 3677547 |
| 4.20%, 12/01/30 | &nbsp;&nbsp; 2325 | 2341555 |
| Duke Energy Ohio, Inc. |  |  |
| 2.13%, 06/01/30 | &nbsp;&nbsp; 1080 | 999934 |
| 3.65%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2606 | 2595475 |
| Duke Energy Progress LLC |  |  |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 3702 | 3659860 |
| 3.70%, 09/01/28 | &nbsp;&nbsp; 3510 | 3506002 |
| 4.35%, 03/06/27 | &nbsp;&nbsp; 1720 | 1731461 |
| Duquesne Light Holdings, Inc. |  |  |
| 2.53%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 1785 | 1652276 |
| 3.62%, 08/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1485 | 1472932 |
| Edison International |  |  |
| 4.13%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4005 | 3984688 |
| 4.80%, 03/15/31 | &nbsp;&nbsp; 2850 | 2848294 |
| 5.25%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3344 | 3408147 |
| 5.45%, 06/15/29 | &nbsp;&nbsp; 3142 | 3229469 |
| 5.75%, 06/15/27 | &nbsp;&nbsp; 3034 | 3080585 |
| 6.25%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3625 | 3834118 |
| 6.95%, 11/15/29 | &nbsp;&nbsp; 2930 | 3152638 |
| EDP Finance BV, 1.71%, 01/24/28<sup>(b)</sup> | &nbsp;&nbsp; 5080 | 4866656 |
| Electricite de France SA |  |  |
| 4.50%, 09/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6000 | 6060592 |
| 5.65%, 04/22/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5125 | 5369067 |
| 5.70%, 05/23/28<sup>(b)</sup> | &nbsp;&nbsp; 8620 | 8921284 |
| Enel Chile SA, 4.88%, 06/12/28<sup>(a)</sup> | &nbsp;&nbsp; 6375 | 6474265 |
| Enel Finance International NV |  |  |
| 2.13%, 07/12/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5735 | 5488790 |
| 3.50%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp; 8100 | 8018673 |
| 3.63%, 05/25/27<sup>(b)</sup> | &nbsp;&nbsp; 5220 | 5205538 |
| 4.13%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp; 6025 | 6037818 |
| 4.38%, 09/30/30<sup>(b)</sup> | &nbsp;&nbsp; 7000 | 7035764 |
| 4.63%, 06/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3850 | 3880550 |
| 4.88%, 06/14/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3435 | 3541859 |
| 5.13%, 06/26/29<sup>(b)</sup> | &nbsp;&nbsp; 9082 | 9356565 |
| Engie Energia Chile SA, 3.40%, 01/28/30<sup>(b)</sup> | &nbsp;&nbsp; 3200 | 3048423 |
| Engie SA, 5.25%, 04/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5455 | 5657113 |
| Entergy Arkansas LLC, 4.00%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2075 | 2083352 |
| Entergy Corp. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 3917 | 3742513 |
| 2.80%, 06/15/30 | &nbsp;&nbsp; 3810 | 3603434 |
| 7.13%, 12/01/54, (5-year CMT + 2.67%)<sup>(c)</sup> | &nbsp;&nbsp; 6840 | 7156042 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Entergy Louisiana LLC |  |  |
| 1.60%, 12/15/30 | &nbsp;&nbsp; $2160 | $1925761 |
| 3.12%, 09/01/27<sup>(a)</sup> | &nbsp;&nbsp; 2278 | 2259853 |
| 3.25%, 04/01/28 | &nbsp;&nbsp; 2587 | 2562490 |
| Entergy Mississippi LLC, 2.85%, 06/01/28 | &nbsp;&nbsp; 2150 | 2106808 |
| Entergy Texas, Inc., 4.00%, 03/30/29 | &nbsp;&nbsp; 2065 | 2069902 |
| Evergy Kansas Central, Inc. |  |  |
| 3.10%, 04/01/27<sup>(a)</sup> | &nbsp;&nbsp; 1315 | 1305054 |
| 4.70%, 03/13/28<sup>(a)</sup> | &nbsp;&nbsp; 2485 | 2521519 |
| Evergy Metro, Inc., Series 2020, 2.25%, <br> 06/01/30<sup>(a)</sup><br>| &nbsp;&nbsp; 2845 | 2654279 |
| Evergy Missouri West, Inc., 5.15%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp; 1733 | 1765147 |
| Evergy, Inc. |  |  |
| 2.90%, 09/15/29 | &nbsp;&nbsp; 5165 | 4964168 |
| 6.65%, 06/01/55, (5-year CMT + 2.56%)<sup>(c)</sup> | &nbsp;&nbsp; 2520 | 2594632 |
| Eversource Energy |  |  |
| 2.90%, 03/01/27 | &nbsp;&nbsp; 3615 | 3575883 |
| 4.45%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3600 | 3620403 |
| 4.60%, 07/01/27 | &nbsp;&nbsp; 2671 | 2689956 |
| 5.45%, 03/01/28 | &nbsp;&nbsp; 9157 | 9396826 |
| 5.95%, 02/01/29 | &nbsp;&nbsp; 4575 | 4799461 |
| Series M, 3.30%, 01/15/28 | &nbsp;&nbsp; 2435 | 2402976 |
| Series O, 4.25%, 04/01/29 | &nbsp;&nbsp; 2817 | 2827738 |
| Series R, 1.65%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3685 | 3293799 |
| Exelon Corp. |  |  |
| 2.75%, 03/15/27 | &nbsp;&nbsp; 3125 | 3088174 |
| 4.05%, 04/15/30 | &nbsp;&nbsp; 8305 | 8280172 |
| 5.15%, 03/15/28 | &nbsp;&nbsp; 5620 | 5749792 |
| 5.15%, 03/15/29 | &nbsp;&nbsp; 4127 | 4265997 |
| FirstEnergy Corp. |  |  |
| 2.65%, 03/01/30 | &nbsp;&nbsp; 5050 | 4771071 |
| Series B, 2.25%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3300 | 3032388 |
| Series B, 3.90%, 07/15/27 | &nbsp;&nbsp; 8225 | 8258957 |
| FirstEnergy Pennsylvania Electric Co. |  |  |
| 3.25%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp; 1620 | 1595892 |
| 3.60%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp; 1910 | 1882046 |
| 4.30%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 3000 | 3017793 |
| 5.20%, 04/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2680 | 2740745 |
| FirstEnergy Transmission LLC |  |  |
| 2.87%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp; 3125 | 3039613 |
| 4.55%, 01/15/30 | &nbsp;&nbsp; 2840 | 2882335 |
| Florida Power & Light Co. |  |  |
| 4.40%, 05/15/28 | &nbsp;&nbsp; 5387 | 5455735 |
| 4.63%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3676 | 3774977 |
| 5.05%, 04/01/28 | &nbsp;&nbsp; 6799 | 6971808 |
| 5.15%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5722 | 5957789 |
| Series A, 3.30%, 05/30/27 | &nbsp;&nbsp; 1533 | 1525107 |
| Georgia Power Co. |  |  |
| 3.25%, 03/30/27<sup>(a)</sup> | &nbsp;&nbsp; 2120 | 2109525 |
| 4.00%, 10/01/28 | &nbsp;&nbsp; 4715 | 4741829 |
| 4.55%, 03/15/30 | &nbsp;&nbsp; 4160 | 4244609 |
| 4.65%, 05/16/28<sup>(a)</sup> | &nbsp;&nbsp; 3229 | 3281495 |
| Series B, 2.65%, 09/15/29 | &nbsp;&nbsp; 3735 | 3583991 |
| Hanwha Futureproof Corp., 4.75%, <br> 04/30/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2925 | 2976858 |
| Indiana Michigan Power Co., 3.85%, 05/15/28 | &nbsp;&nbsp; 1055 | 1054199 |
| Infraestructura Energetica Nova SAPI de CV, <br> 3.75%, 01/14/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1195 | 1178564 |
| Interstate Power and Light Co. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 2115 | 1974336 |
| 3.60%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2080 | 2062127 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.10%, 09/26/28 | &nbsp;&nbsp; $3315 | $3327394 |
| IPALCO Enterprises, Inc., 4.25%, 05/01/30 | &nbsp;&nbsp; 2835 | 2804510 |
| Israel Electric Corp. Ltd., 4.25%, 08/14/28<sup>(b)(f)</sup> | &nbsp;&nbsp; 5000 | 4970194 |
| ITC Holdings Corp. |  |  |
| 2.95%, 05/14/30<sup>(b)</sup> | &nbsp;&nbsp; 4860 | 4624820 |
| 3.35%, 11/15/27 | &nbsp;&nbsp; 2665 | 2643765 |
| 4.95%, 09/22/27<sup>(b)</sup> | &nbsp;&nbsp; 5097 | 5160718 |
| Jersey Central Power & Light Co. |  |  |
| 4.15%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 1950 | 1958118 |
| 4.40%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 3240 | 3258663 |
| Liberty Utilities Co., 5.58%, 01/31/29<sup>(b)</sup> | &nbsp;&nbsp; 3020 | 3123746 |
| Liberty Utilities Finance GP 1, 2.05%, <br> 09/15/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1800 | 1650936 |
| Massachusetts Electric Co., 1.73%, <br> 11/24/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2630 | 2340771 |
| MidAmerican Energy Co. |  |  |
| 3.10%, 05/01/27<sup>(a)</sup> | &nbsp;&nbsp; 1720 | 1711299 |
| 3.65%, 04/15/29 | &nbsp;&nbsp; 5005 | 4981809 |
| Mid-Atlantic Interstate Transmission LLC, <br> 4.10%, 05/15/28<sup>(b)</sup><br>| &nbsp;&nbsp; 4010 | 4022983 |
| Minejesa Capital BV, 4.63%, 08/10/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3336 | 3336958 |
| Mississippi Power Co., 3.95%, 03/30/28<sup>(a)</sup> | &nbsp;&nbsp; 1705 | 1708896 |
| Monongahela Power Co., 3.55%, 05/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2434 | 2422555 |
| Narragansett Electric Co.(The) |  |  |
| 3.40%, 04/09/30<sup>(b)</sup> | &nbsp;&nbsp; 3985 | 3870690 |
| 3.92%, 08/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1350 | 1350735 |
| National Grid PLC, 5.60%, 06/12/28 | &nbsp;&nbsp; 4110 | 4252946 |
| National Grid USA, 8.00%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1005 | 1149849 |
| National Rural Utilities Cooperative <br> Finance Corp.<br>|  |  |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 2580 | 2427561 |
| 3.05%, 04/25/27<sup>(a)</sup> | &nbsp;&nbsp; 1913 | 1898509 |
| 3.40%, 02/07/28 | &nbsp;&nbsp; 4560 | 4529686 |
| 3.70%, 03/15/29 | &nbsp;&nbsp; 3230 | 3214753 |
| 3.90%, 11/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1914 | 1918235 |
| 3.95%, 12/10/27 | &nbsp;&nbsp; 1620 | 1625341 |
| 4.12%, 09/16/27 | &nbsp;&nbsp; 3136 | 3150868 |
| 4.30%, 12/10/30<sup>(a)</sup> | &nbsp;&nbsp; 4065 | 4099534 |
| 4.75%, 02/07/28 | &nbsp;&nbsp; 5700 | 5797183 |
| 4.80%, 03/15/28 | &nbsp;&nbsp; 3603 | 3671865 |
| 4.85%, 02/07/29<sup>(a)</sup> | &nbsp;&nbsp; 2960 | 3040637 |
| 4.95%, 02/07/30<sup>(a)</sup> | &nbsp;&nbsp; 3065 | 3175469 |
| 5.00%, 02/07/31 | &nbsp;&nbsp; 120 | 124686 |
| 5.05%, 09/15/28 | &nbsp;&nbsp; 2330 | 2395137 |
| 5.10%, 05/06/27 | &nbsp;&nbsp; 2545 | 2580294 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 3206 | 3323180 |
| 7.13%, 09/15/53, (5-year CMT + 3.53%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 1840 | 1931435 |
| Series D, 4.05%, 02/09/29<sup>(a)</sup> | &nbsp;&nbsp; 3425 | 3441663 |
| Series D, 4.15%, 08/25/28 | &nbsp;&nbsp; 4060 | 4088465 |
| Nevada Power Co. |  |  |
| 6.25%, 05/15/55, (5-year CMT + 1.94%)<sup>(c)</sup> | &nbsp;&nbsp; 1050 | 1066722 |
| Series CC, 3.70%, 05/01/29 | &nbsp;&nbsp; 3045 | 3025406 |
| Series DD, 2.40%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3550 | 3321485 |
| New York State Electric & Gas Corp., 5.65%, <br> 08/15/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2200 | 2281981 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 8810 | 8431919 |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 11985 | 11121186 |
| 2.75%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5940 | 5697549 |
| 3.50%, 04/01/29 | &nbsp;&nbsp; 3320 | 3274818 |
| 3.55%, 05/01/27 | &nbsp;&nbsp; 7955 | 7923338 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.80%, 03/15/82, (5-year CMT + 2.55%)<sup>(a)(c)</sup> | &nbsp;&nbsp; $3135 | $3083759 |
| 4.40%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 3575 | 3616304 |
| 4.63%, 07/15/27 | &nbsp;&nbsp; 6923 | 6990164 |
| 4.69%, 09/01/27<sup>(a)</sup> | &nbsp;&nbsp; 11015 | 11139906 |
| 4.80%, 12/01/77, (3-mo. SOFR US + <br> 2.67%)<sup>(c)</sup><br>| &nbsp;&nbsp; 2720 | 2697638 |
| 4.85%, 02/04/28 | &nbsp;&nbsp; 6315 | 6431405 |
| 4.90%, 02/28/28 | &nbsp;&nbsp; 8165 | 8312124 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 6555 | 6731478 |
| 5.00%, 02/28/30<sup>(a)</sup> | &nbsp;&nbsp; 3760 | 3890883 |
| 5.05%, 03/15/30 | &nbsp;&nbsp; 6903 | 7155909 |
| 5.65%, 05/01/79<sup>(a)(c)</sup> | &nbsp;&nbsp; 2811 | 2842525 |
| 6.38%, 08/15/55, (5-year CMT + 2.05%)<sup>(c)</sup> | &nbsp;&nbsp; 7800 | 8101751 |
| 6.70%, 09/01/54, (5-year CMT + 2.36%)<sup>(c)</sup> | &nbsp;&nbsp; 4545 | 4719260 |
| Niagara Mohawk Power Corp. |  |  |
| 1.96%, 06/27/30<sup>(b)</sup> | &nbsp;&nbsp; 3660 | 3353547 |
| 4.28%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp; 3250 | 3263560 |
| 4.65%, 10/03/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3053 | 3100787 |
| NorthWestern Corp., 5.07%, 03/21/30<sup>(b)</sup> | &nbsp;&nbsp; 2520 | 2598901 |
| NRG Energy, Inc. |  |  |
| 2.45%, 12/02/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4770 | 4621352 |
| 4.45%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 3470 | 3472768 |
| 4.73%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 3945 | 3981980 |
| NSTAR Electric Co. |  |  |
| 3.20%, 05/15/27 | &nbsp;&nbsp; 3601 | 3578064 |
| 3.25%, 05/15/29 | &nbsp;&nbsp; 2695 | 2642333 |
| 3.95%, 04/01/30 | &nbsp;&nbsp; 2360 | 2346302 |
| 4.85%, 03/01/30 | &nbsp;&nbsp; 2915 | 2999816 |
| OGE Energy Corp., 5.45%, 05/15/29 | &nbsp;&nbsp; 2340 | 2437830 |
| Ohio Edison Co., 4.95%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2320 | 2383867 |
| Ohio Power Co. |  |  |
| Series P, 2.60%, 04/01/30 | &nbsp;&nbsp; 2350 | 2219626 |
| Series Q, 1.63%, 01/15/31 | &nbsp;&nbsp; 3030 | 2684493 |
| Oklahoma Gas and Electric Co. |  |  |
| 3.25%, 04/01/30 | &nbsp;&nbsp; 2080 | 2020696 |
| 3.30%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2015 | 1960937 |
| 3.80%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2550 | 2546347 |
| Oncor Electric Delivery Co. LLC |  |  |
| 2.75%, 05/15/30 | &nbsp;&nbsp; 3865 | 3689706 |
| 3.70%, 11/15/28 | &nbsp;&nbsp; 4355 | 4335418 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 3360 | 3392450 |
| 4.50%, 03/20/27<sup>(b)</sup> | &nbsp;&nbsp; 2570 | 2588246 |
| 4.65%, 11/01/29 | &nbsp;&nbsp; 2915 | 2982129 |
| Pacific Gas and Electric Co. |  |  |
| 2.10%, 08/01/27 | &nbsp;&nbsp; 5393 | 5255421 |
| 2.50%, 02/01/31 | &nbsp;&nbsp; 7825 | 7154321 |
| 3.00%, 06/15/28 | &nbsp;&nbsp; 4587 | 4482258 |
| 3.30%, 03/15/27 | &nbsp;&nbsp; 1890 | 1876591 |
| 3.30%, 12/01/27 | &nbsp;&nbsp; 6456 | 6378244 |
| 3.75%, 07/01/28<sup>(a)</sup> | &nbsp;&nbsp; 5068 | 5032474 |
| 4.20%, 03/01/29 | &nbsp;&nbsp; 2486 | 2486842 |
| 4.55%, 07/01/30 | &nbsp;&nbsp; 18390 | 18476921 |
| 4.65%, 08/01/28 | &nbsp;&nbsp; 2337 | 2364438 |
| 5.00%, 06/04/28 | &nbsp;&nbsp; 4520 | 4604502 |
| 5.45%, 06/15/27 | &nbsp;&nbsp; 2402 | 2441273 |
| 5.55%, 05/15/29 | &nbsp;&nbsp; 5167 | 5371808 |
| 6.10%, 01/15/29 | &nbsp;&nbsp; 8412 | 8834621 |
| PacifiCorp |  |  |
| 2.70%, 09/15/30 | &nbsp;&nbsp; 3020 | 2815306 |
| 3.50%, 06/15/29 | &nbsp;&nbsp; 2425 | 2376434 |
| 4.25%, 03/15/29 | &nbsp;&nbsp; 1725 | 1736679 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.10%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; $2820 | $2900291 |
| 5.30%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 195 | 202475 |
| Palomino Funding Trust I, 7.23%, 05/17/28<sup>(b)</sup> | &nbsp;&nbsp; 2985 | 3155527 |
| Pertamina Geothermal Energy PT, 5.15%, <br> 04/27/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2515 | 2549514 |
| Perusahaan Perseroan Persero PT Perusahaan <br> Listrik Negara<br>|  |  |
| 3.00%, 06/30/30<sup>(b)</sup> | &nbsp;&nbsp; 2715 | 2549007 |
| 3.38%, 02/05/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3960 | 3791704 |
| 3.88%, 07/17/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3313 | 3243169 |
| 4.13%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp; 10705 | 10685865 |
| 4.75%, 02/03/31<sup>(b)</sup> | &nbsp;&nbsp; 5400 | 5397059 |
| 5.38%, 01/25/29<sup>(b)</sup> | &nbsp;&nbsp; 2155 | 2204755 |
| 5.45%, 05/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5590 | 5712779 |
| Pinnacle West Capital Corp. |  |  |
| 4.90%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2825 | 2879844 |
| 5.15%, 05/15/30 | &nbsp;&nbsp; 3475 | 3600262 |
| PPL Capital Funding, Inc., 4.13%, 04/15/30 | &nbsp;&nbsp; 3075 | 3081486 |
| PSEG Power LLC, 5.20%, 05/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4905 | 5061791 |
| Public Service Co. of Colorado |  |  |
| 3.70%, 06/15/28 | &nbsp;&nbsp; 1840 | 1835347 |
| Series 35, 1.90%, 01/15/31 | &nbsp;&nbsp; 2355 | 2119307 |
| Public Service Co. of New Hampshire, 4.40%, <br> 07/01/28<br>| &nbsp;&nbsp; 1415 | 1434097 |
| Public Service Electric and Gas Co. |  |  |
| 2.45%, 01/15/30 | &nbsp;&nbsp; 2200 | 2081290 |
| 3.00%, 05/15/27 | &nbsp;&nbsp; 2159 | 2140040 |
| 3.20%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1934 | 1896815 |
| 3.65%, 09/01/28 | &nbsp;&nbsp; 2164 | 2158524 |
| 3.70%, 05/01/28 | &nbsp;&nbsp; 1815 | 1810181 |
| Series R, 4.20%, 01/01/31 | &nbsp;&nbsp; 3115 | 3134763 |
| Public Service Enterprise Group, Inc. |  |  |
| 1.60%, 08/15/30 | &nbsp;&nbsp; 2895 | 2596796 |
| 4.90%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3960 | 4077067 |
| 5.20%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 4715 | 4873002 |
| 5.85%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 3665 | 3780128 |
| 5.88%, 10/15/28 | &nbsp;&nbsp; 3565 | 3724627 |
| Puget Energy, Inc. |  |  |
| 2.38%, 06/15/28 | &nbsp;&nbsp; 3087 | 2974950 |
| 4.10%, 06/15/30 | &nbsp;&nbsp; 2875 | 2837666 |
| Puget Sound Energy, Inc., 7.02%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 1400 | 1472685 |
| Rochester Gas and Electric Corp., 3.10%, <br> 06/01/27<sup>(b)</sup><br>| &nbsp;&nbsp; 1885 | 1867967 |
| San Diego Gas & Electric Co. |  |  |
| 4.95%, 08/15/28 | &nbsp;&nbsp; 3360 | 3447928 |
| Series VVV, 1.70%, 10/01/30 | &nbsp;&nbsp; 5845 | 5264089 |
| Sempra |  |  |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 4318 | 4280035 |
| 3.40%, 02/01/28 | &nbsp;&nbsp; 5979 | 5913689 |
| 3.70%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 4135 | 4091495 |
| 4.13%, 04/01/52, (5-year CMT + 2.87%)<sup>(c)</sup> | &nbsp;&nbsp; 5358 | 5288493 |
| 6.63%, 04/01/55, (5-year CMT + 2.35%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 1840 | 1870301 |
| 6.88%, 10/01/54, (5-year CMT + 2.79%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6635 | 6834528 |
| Sierra Pacific Power Co., 6.20%, 12/15/55, <br> (5-year CMT + 2.55%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 2250 | 2237387 |
| Southern California Edison Co. |  |  |
| 2.25%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2825 | 2599442 |
| 2.85%, 08/01/29 | &nbsp;&nbsp; 2910 | 2786927 |
| 5.15%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5320 | 5472753 |
| 5.25%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5570 | 5756642 |
| 5.30%, 03/01/28 | &nbsp;&nbsp; 4875 | 4988184 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.65%, 10/01/28<sup>(a)</sup> | &nbsp;&nbsp; $3398 | $3525068 |
| 5.85%, 11/01/27 | &nbsp;&nbsp; 4245 | 4362124 |
| 6.65%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1950 | 2065763 |
| Series A, 4.20%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2870 | 2873099 |
| Series B, 3.65%, 03/01/28 | &nbsp;&nbsp; 2840 | 2821264 |
| Series D, 4.70%, 06/01/27 | &nbsp;&nbsp; 3263 | 3287061 |
| Southern Co.(The) |  |  |
| 4.85%, 06/15/28 | &nbsp;&nbsp; 5520 | 5630490 |
| 5.11%, 08/01/27 | &nbsp;&nbsp; 4968 | 5049933 |
| 5.50%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6230 | 6493506 |
| Series 21-B, 1.75%, 03/15/28 | &nbsp;&nbsp; 2000 | 1917189 |
| Series A, 3.70%, 04/30/30 | &nbsp;&nbsp; 6290 | 6194447 |
| Southern Power Co., Series A, 4.25%, <br> 10/01/30<br>| &nbsp;&nbsp; 3350 | 3366601 |
| Southwestern Electric Power Co., Series M, <br> 4.10%, 09/15/28<br>| &nbsp;&nbsp; 3430 | 3434703 |
| SP Group Treasury Pte Ltd. |  |  |
| 3.38%, 02/27/29<sup>(b)</sup> | &nbsp;&nbsp; 4540 | 4492402 |
| 4.63%, 11/21/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1440 | 1481968 |
| SP PowerAssets Ltd., 3.00%, 09/26/27<sup>(b)</sup> | &nbsp;&nbsp; 4285 | 4240207 |
| State Grid Overseas Investment BVI Ltd. |  |  |
| 3.50%, 05/04/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 14063 | 14040962 |
| 4.25%, 05/02/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5155 | 5219514 |
| System Energy Resources, Inc., 6.00%, <br> 04/15/28<sup>(a)</sup><br>| &nbsp;&nbsp; 2219 | 2303398 |
| Tampa Electric Co., 4.90%, 03/01/29 | &nbsp;&nbsp; 3165 | 3249945 |
| Trans-Allegheny Interstate Line Co., 5.00%, <br> 01/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 2750 | 2842370 |
| Transelec SA, 3.88%, 01/12/29<sup>(b)</sup> | &nbsp;&nbsp; 380 | 374144 |
| Tucson Electric Power Co., 1.50%, 08/01/30 | &nbsp;&nbsp; 2540 | 2271936 |
| Union Electric Co. |  |  |
| 2.95%, 06/15/27 | &nbsp;&nbsp; 2016 | 1997177 |
| 2.95%, 03/15/30 | &nbsp;&nbsp; 4250 | 4085967 |
| 3.50%, 03/15/29 | &nbsp;&nbsp; 2945 | 2914094 |
| Virginia Electric and Power Co. |  |  |
| Series A, 2.88%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3579 | 3462055 |
| Series A, 3.50%, 03/15/27 | &nbsp;&nbsp; 4356 | 4340175 |
| Series A, 3.80%, 04/01/28 | &nbsp;&nbsp; 5824 | 5821534 |
| Series B, 3.75%, 05/15/27 | &nbsp;&nbsp; 2959 | 2955518 |
| Vistra Operations Co. LLC |  |  |
| 4.30%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp; 695 | 695717 |
| 4.30%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp; 5340 | 5342656 |
| 4.60%, 10/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3370 | 3391325 |
| 4.70%, 01/31/31<sup>(b)</sup> | &nbsp;&nbsp; 4195 | 4219001 |
| WEC Energy Group, Inc. |  |  |
| 1.38%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2568 | 2469936 |
| 1.80%, 10/15/30 | &nbsp;&nbsp; 2105 | 1893410 |
| 2.20%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3047 | 2910445 |
| 4.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4345 | 4411131 |
| 5.15%, 10/01/27 | &nbsp;&nbsp; 1575 | 1602316 |
| Wisconsin Electric Power Co. |  |  |
| 1.70%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 929 | 887182 |
| 3.95%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1710 | 1714961 |
| 4.15%, 10/15/30 | &nbsp;&nbsp; 3350 | 3369486 |
| 5.00%, 05/15/29 | &nbsp;&nbsp; 2620 | 2703916 |
| Wisconsin Power and Light Co. |  |  |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 1954 | 1903069 |
| 3.05%, 10/15/27 | &nbsp;&nbsp; 1534 | 1514174 |
| Wisconsin Public Service Corp. |  |  |
| 4.25%, 01/15/31 | &nbsp;&nbsp; 2075 | 2095229 |
| 4.55%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2145 | 2189070 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Xcel Energy, Inc. |  |  |
| 1.75%, 03/15/27 | &nbsp;&nbsp; $2484 | $2429878 |
| 2.60%, 12/01/29 | &nbsp;&nbsp; 3425 | 3252144 |
| 3.40%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3388 | 3289423 |
| 4.00%, 06/15/28 | &nbsp;&nbsp; 4205 | 4212471 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 2170 | 2203915 |
|  |  | 1411381818 |
| **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** |
| ABB Finance USA, Inc., 3.80%, 04/03/28 | &nbsp;&nbsp; 1740 | 1742636 |
| Acuity Brands Lighting, Inc., 2.15%, 12/15/30 | &nbsp;&nbsp; 3295 | 2997213 |
| Emerson Electric Co. |  |  |
| 1.80%, 10/15/27 | &nbsp;&nbsp; 2579 | 2504251 |
| 1.95%, 10/15/30 | &nbsp;&nbsp; 3440 | 3152925 |
| 2.00%, 12/21/28<sup>(a)</sup> | &nbsp;&nbsp; 6200 | 5916142 |
| Molex Electronic Technologies LLC, 4.75%, <br> 04/30/28<sup>(b)</sup><br>| &nbsp;&nbsp; 3275 | 3319609 |
|  |  | 19632776 |
| **Electronics — 0.7%** | **Electronics — 0.7%** | **Electronics — 0.7%** |
| Allegion PLC, 3.50%, 10/01/29 | &nbsp;&nbsp; 3005 | 2941901 |
| Allegion U.S. Holding Co., Inc., 3.55%, <br> 10/01/27<br>| &nbsp;&nbsp; 2015 | 2000902 |
| Amphenol Corp. |  |  |
| 2.80%, 02/15/30 | &nbsp;&nbsp; 5840 | 5588867 |
| 3.80%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 4950 | 4958313 |
| 3.90%, 11/15/28 | &nbsp;&nbsp; 3225 | 3238889 |
| 4.13%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6715 | 6748747 |
| 4.35%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3785 | 3843279 |
| 4.38%, 06/12/28<sup>(a)</sup> | &nbsp;&nbsp; 3610 | 3656266 |
| 5.05%, 04/05/27<sup>(a)</sup> | &nbsp;&nbsp; 2395 | 2426245 |
| 5.05%, 04/05/29<sup>(a)</sup> | &nbsp;&nbsp; 2914 | 3012384 |
| Arrow Electronics, Inc. |  |  |
| 3.88%, 01/12/28<sup>(a)</sup> | &nbsp;&nbsp; 2335 | 2322283 |
| 5.15%, 08/21/29<sup>(a)</sup> | &nbsp;&nbsp; 3805 | 3903809 |
| Avnet, Inc., 6.25%, 03/15/28 | &nbsp;&nbsp; 2850 | 2955919 |
| Flex Ltd. |  |  |
| 4.88%, 06/15/29 | &nbsp;&nbsp; 4314 | 4394978 |
| 4.88%, 05/12/30 | &nbsp;&nbsp; 3750 | 3813997 |
| 6.00%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1685 | 1740518 |
| Honeywell International, Inc. |  |  |
| 1.10%, 03/01/27<sup>(a)</sup> | &nbsp;&nbsp; 4820 | 4695952 |
| 1.95%, 06/01/30 | &nbsp;&nbsp; 5795 | 5345030 |
| 2.70%, 08/15/29 | &nbsp;&nbsp; 4945 | 4759263 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 4590 | 4641946 |
| 4.65%, 07/30/27 | &nbsp;&nbsp; 6460 | 6540496 |
| 4.70%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6040 | 6203854 |
| 4.88%, 09/01/29 | &nbsp;&nbsp; 3524 | 3637833 |
| 4.95%, 02/15/28 | &nbsp;&nbsp; 3651 | 3730581 |
| Hubbell, Inc. |  |  |
| 3.15%, 08/15/27 | &nbsp;&nbsp; 1425 | 1409212 |
| 3.50%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3185 | 3164935 |
| Jabil, Inc. |  |  |
| 3.00%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3505 | 3287676 |
| 3.60%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3160 | 3076882 |
| 3.95%, 01/12/28 | &nbsp;&nbsp; 2580 | 2574557 |
| 4.20%, 02/01/29 | &nbsp;&nbsp; 4130 | 4137721 |
| 4.25%, 05/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2328 | 2336311 |
| 5.45%, 02/01/29 | &nbsp;&nbsp; 1165 | 1206773 |
| Keysight Technologies, Inc. |  |  |
| 3.00%, 10/30/29<sup>(a)</sup> | &nbsp;&nbsp; 2852 | 2754717 |
| 4.60%, 04/06/27 | &nbsp;&nbsp; 3744 | 3764942 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 5.35%, 07/30/30 | &nbsp;&nbsp; $4957 | $5199175 |
| TD SYNNEX Corp. |  |  |
| 2.38%, 08/09/28 | &nbsp;&nbsp; 3385 | 3240161 |
| 4.30%, 01/17/29 | &nbsp;&nbsp; 3460 | 3460838 |
| Trimble, Inc., 4.90%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3620 | 3653914 |
| Tyco Electronics Group SA |  |  |
| 3.13%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2054 | 2038499 |
| 4.50%, 02/09/31 | &nbsp;&nbsp; 3830 | 3897860 |
| 4.63%, 02/01/30 | &nbsp;&nbsp; 2690 | 2758552 |
| Vontier Corp., 2.40%, 04/01/28 | &nbsp;&nbsp; 3130 | 3022352 |
|  |  | 152087329 |
| **Energy - Alternate Sources — 0.0%** | **Energy - Alternate Sources — 0.0%** | **Energy - Alternate Sources — 0.0%** |
| Hanwha Energy USA Holdings Corp., 4.38%, <br> 07/02/28<sup>(b)</sup><br>| &nbsp;&nbsp; 185 | 186952 |
| **Engineering & Construction — 0.2%** | **Engineering & Construction — 0.2%** | **Engineering & Construction — 0.2%** |
| Jacobs Engineering Group, Inc., 6.35%, <br> 08/18/28<sup>(a)</sup><br>| &nbsp;&nbsp; 3777 | 3969734 |
| Jacobs Solutions, Inc., 4.75%, 03/03/31 | &nbsp;&nbsp; 2850 | 2854337 |
| MasTec, Inc. |  |  |
| 4.50%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp; 3270 | 3268623 |
| 5.90%, 06/15/29 | &nbsp;&nbsp; 3725 | 3909723 |
| Mexico City Airport Trust, 3.88%, 04/30/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5735 | 5677742 |
| Sitios Latinoamerica SAB de CV, 6.00%, <br> 11/25/29<sup>(b)</sup><br>| &nbsp;&nbsp; 3715 | 3845025 |
| Ste Transcore Holdings, Inc., 3.38%, <br> 05/05/27<sup>(b)</sup><br>| &nbsp;&nbsp; 6625 | 6597776 |
| Vinci SA, 3.75%, 04/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6783 | 6740627 |
|  |  | 36863587 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Flutter Treasury DAC, 6.38%, 04/29/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3310 | 3401015 |
| WMG Acquisition Corp. |  |  |
| 3.00%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 110 | 103286 |
| 3.75%, 12/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3285 | 3160272 |
| 3.88%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 6290 | 6037392 |
|  |  | 12701965 |
| **Environmental Control — 0.4%** | **Environmental Control — 0.4%** | **Environmental Control — 0.4%** |
| GFL Environmental, Inc., 3.50%, 09/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 960 | 938680 |
| Republic Services, Inc. |  |  |
| 1.45%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3140 | 2771760 |
| 2.30%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3555 | 3333938 |
| 3.38%, 11/15/27 | &nbsp;&nbsp; 3055 | 3035990 |
| 3.95%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5752 | 5768647 |
| 4.75%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2925 | 3006827 |
| 4.88%, 04/01/29 | &nbsp;&nbsp; 4590 | 4719032 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 2950 | 3058555 |
| Veralto Corp., 5.35%, 09/18/28 | &nbsp;&nbsp; 4430 | 4574913 |
| Waste Connections, Inc. |  |  |
| 2.60%, 02/01/30 | &nbsp;&nbsp; 3920 | 3733142 |
| 3.50%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3300 | 3277083 |
| 4.25%, 12/01/28 | &nbsp;&nbsp; 3095 | 3124021 |
| Waste Management, Inc. |  |  |
| 1.15%, 03/15/28 | &nbsp;&nbsp; 3245 | 3083474 |
| 2.00%, 06/01/29 | &nbsp;&nbsp; 1560 | 1473064 |
| 3.15%, 11/15/27 | &nbsp;&nbsp; 4086 | 4053171 |
| 3.88%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3075 | 3080317 |
| 4.50%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5685 | 5770372 |
| 4.63%, 02/15/30 | &nbsp;&nbsp; 5116 | 5237880 |
| 4.65%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4595 | 4716478 |
| 4.88%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4255 | 4379832 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| 4.95%, 07/03/27 | &nbsp;&nbsp; $4056 | $4118246 |
| 7.00%, 07/15/28 | &nbsp;&nbsp; 1800 | 1924005 |
|  |  | 79179427 |
| **Food — 1.5%** | **Food — 1.5%** | **Food — 1.5%** |
| Ahold Finance USA LLC, 6.88%, 05/01/29 | &nbsp;&nbsp; 4535 | 4921075 |
| Bimbo Bakeries USA, Inc., 6.05%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2555 | 2678550 |
| Campbell's Company/The |  |  |
| 2.38%, 04/24/30 | &nbsp;&nbsp; 3082 | 2854173 |
| 4.15%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 6019 | 6035486 |
| 5.20%, 03/19/27 | &nbsp;&nbsp; 2570 | 2603402 |
| 5.20%, 03/21/29<sup>(a)</sup> | &nbsp;&nbsp; 4330 | 4454852 |
| Cencosud SA, 4.38%, 07/17/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4905 | 4911244 |
| CK Hutchison International 20 Ltd., 2.50%, <br> 05/08/30<sup>(b)</sup><br>| &nbsp;&nbsp; 1130 | 1064806 |
| Conagra Brands, Inc. |  |  |
| 1.38%, 11/01/27 | &nbsp;&nbsp; 5412 | 5178945 |
| 4.85%, 11/01/28<sup>(a)</sup> | &nbsp;&nbsp; 7170 | 7271450 |
| 5.00%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3775 | 3852670 |
| 7.00%, 10/01/28 | &nbsp;&nbsp; 2420 | 2588187 |
| 8.25%, 09/15/30 | &nbsp;&nbsp; 1940 | 2231333 |
| General Mills, Inc. |  |  |
| 2.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2980 | 2833319 |
| 4.20%, 04/17/28 | &nbsp;&nbsp; 9566 | 9599760 |
| 4.88%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp; 5365 | 5503981 |
| 5.50%, 10/17/28<sup>(a)</sup> | &nbsp;&nbsp; 2932 | 3041607 |
| Hershey Co.(The) |  |  |
| 1.70%, 06/01/30 | &nbsp;&nbsp; 2570 | 2348523 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 3085 | 2933500 |
| 4.25%, 05/04/28 | &nbsp;&nbsp; 2415 | 2439543 |
| 4.55%, 02/24/28 | &nbsp;&nbsp; 2810 | 2856071 |
| 4.75%, 02/24/30<sup>(a)</sup> | &nbsp;&nbsp; 3125 | 3227386 |
| Hormel Foods Corp. |  |  |
| 1.70%, 06/03/28 | &nbsp;&nbsp; 4447 | 4248066 |
| 1.80%, 06/11/30 | &nbsp;&nbsp; 6010 | 5484079 |
| 4.80%, 03/30/27 | &nbsp;&nbsp; 2445 | 2470449 |
| Ingredion, Inc., 2.90%, 06/01/30 | &nbsp;&nbsp; 3970 | 3791273 |
| J M Smucker Co.(The) |  |  |
| 2.38%, 03/15/30 | &nbsp;&nbsp; 2065 | 1933119 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 2788 | 2764313 |
| 5.90%, 11/15/28 | &nbsp;&nbsp; 4492 | 4709734 |
| JBS USA Holding Lux Sarl/JBS USA Foods <br> Group Holdings, Inc./JBS USA Food Co., <br> 3.00%, 02/02/29<br>| &nbsp;&nbsp; 4255 | 4133287 |
| Kellanova |  |  |
| 2.10%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3715 | 3442480 |
| 3.40%, 11/15/27 | &nbsp;&nbsp; 2790 | 2774603 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 3680 | 3716946 |
| Kraft Heinz Foods Co. |  |  |
| 3.75%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4765 | 4692080 |
| 3.88%, 05/15/27 | &nbsp;&nbsp; 7197 | 7184068 |
| 4.63%, 01/30/29 | &nbsp;&nbsp; 2175 | 2210140 |
| Kroger Co.(The) |  |  |
| 1.70%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2990 | 2662531 |
| 2.20%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3505 | 3263445 |
| 3.70%, 08/01/27 | &nbsp;&nbsp; 3119 | 3113980 |
| 4.50%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3915 | 3981944 |
| 8.00%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 400 | 449836 |
| Series B, 7.70%, 06/01/29 | &nbsp;&nbsp; 2860 | 3167725 |
| Mars, Inc. |  |  |
| 3.20%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4340 | 4214949 |
| 4.45%, 03/01/27<sup>(b)</sup> | &nbsp;&nbsp; 10560 | 10646347 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 4.55%, 04/20/28<sup>(a)(b)</sup> | &nbsp;&nbsp; $6248 | $6333723 |
| 4.60%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp; 19290 | 19569821 |
| 4.80%, 03/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 26295 | 27031119 |
| McCormick & Co., Inc./MD |  |  |
| 1.85%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1650 | 1474903 |
| 2.50%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3485 | 3271332 |
| 3.40%, 08/15/27 | &nbsp;&nbsp; 4238 | 4217871 |
| 4.15%, 02/15/29 | &nbsp;&nbsp; 1725 | 1736555 |
| Mondelez International, Inc. |  |  |
| 1.50%, 02/04/31 | &nbsp;&nbsp; 90 | 79308 |
| 2.63%, 03/17/27 | &nbsp;&nbsp; 3915 | 3867719 |
| 2.75%, 04/13/30 | &nbsp;&nbsp; 4545 | 4311134 |
| 4.13%, 05/07/28 | &nbsp;&nbsp; 3668 | 3681818 |
| 4.25%, 05/06/28 | &nbsp;&nbsp; 3175 | 3199034 |
| 4.50%, 05/06/30 | &nbsp;&nbsp; 3845 | 3902530 |
| 4.75%, 02/20/29 | &nbsp;&nbsp; 3705 | 3793910 |
| Nestle Capital Corp., 4.65%, 03/12/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4555 | 4672473 |
| Nestle Holdings, Inc. |  |  |
| 1.00%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 5608 | 5391031 |
| 1.25%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6750 | 6030831 |
| 1.50%, 09/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5255 | 4985955 |
| 3.63%, 09/24/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 7150 | 7143481 |
| 4.13%, 10/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1315 | 1324908 |
| 4.25%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2830 | 2872947 |
| 4.95%, 03/14/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3645 | 3785950 |
| 5.00%, 03/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5533 | 5673184 |
| 5.00%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp; 3377 | 3477925 |
| 5.00%, 09/12/30<sup>(b)</sup> | &nbsp;&nbsp; 335 | 352209 |
| Sigma Finance Netherlands BV, 4.88%, <br> 03/27/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2485 | 2509716 |
| Smithfield Foods, Inc. |  |  |
| 3.00%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 3710 | 3456850 |
| 5.20%, 04/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1340 | 1369364 |
| Sysco Corp. |  |  |
| 2.40%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3225 | 3033263 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 3963 | 3932013 |
| 5.10%, 09/23/30 | &nbsp;&nbsp; 4430 | 4598778 |
| 5.75%, 01/17/29 | &nbsp;&nbsp; 2945 | 3089112 |
| 5.95%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4840 | 5152039 |
| Tyson Foods, Inc. |  |  |
| 3.55%, 06/02/27 | &nbsp;&nbsp; 6897 | 6864896 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 6310 | 6369719 |
| 5.40%, 03/15/29 | &nbsp;&nbsp; 3905 | 4050722 |
|  |  | 347093400 |
| **Food Service — 0.0%** | **Food Service — 0.0%** | **Food Service — 0.0%** |
| Sodexo, Inc., 5.15%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp; 3925 | 4057178 |
| **Forest Products & Paper — 0.3%** | **Forest Products & Paper — 0.3%** | **Forest Products & Paper — 0.3%** |
| Celulosa Arauco y Constitucion SA |  |  |
| 3.88%, 11/02/27 | &nbsp;&nbsp; 2770 | 2745234 |
| 4.20%, 01/29/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3245 | 3094614 |
| 4.25%, 04/30/29<sup>(b)</sup> | &nbsp;&nbsp; 2807 | 2718166 |
| Georgia-Pacific LLC |  |  |
| 2.10%, 04/30/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3255 | 3190775 |
| 2.30%, 04/30/30<sup>(b)</sup> | &nbsp;&nbsp; 5420 | 5058182 |
| 4.40%, 06/30/28<sup>(b)</sup> | &nbsp;&nbsp; 3335 | 3375553 |
| 7.25%, 06/01/28 | &nbsp;&nbsp; 1920 | 2057077 |
| 7.75%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4255 | 4804907 |
| Inversiones CMPC SA |  |  |
| 3.85%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp; 2735 | 2604456 |
| 4.38%, 04/04/27<sup>(b)</sup> | &nbsp;&nbsp; 2663 | 2662879 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Forest Products & Paper (continued)** | **Forest Products & Paper (continued)** | **Forest Products & Paper (continued)** |
| Suzano Austria GmbH |  |  |
| 2.50%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; $2510 | $2402249 |
| 3.75%, 01/15/31 | &nbsp;&nbsp; 7425 | 7063304 |
| 5.00%, 01/15/30 | &nbsp;&nbsp; 6855 | 6910724 |
| 6.00%, 01/15/29 | &nbsp;&nbsp; 9751 | 10102485 |
| UPM-Kymmene OYJ, 7.45%, 11/26/27<sup>(b)</sup> | &nbsp;&nbsp; 1120 | 1182609 |
|  |  | 59973214 |
| **Gas — 0.6%** | **Gas — 0.6%** | **Gas — 0.6%** |
| APA Infrastructure Ltd., 4.25%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5014 |
| Atmos Energy Corp. |  |  |
| 1.50%, 01/15/31 | &nbsp;&nbsp; 595 | 529953 |
| 2.63%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4395 | 4221038 |
| 3.00%, 06/15/27 | &nbsp;&nbsp; 2276 | 2257220 |
| Boston Gas Co. |  |  |
| 3.00%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp; 2945 | 2843408 |
| 3.15%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp; 2705 | 2673979 |
| Brooklyn Union Gas Co.(The) |  |  |
| 3.87%, 03/04/29<sup>(b)</sup> | &nbsp;&nbsp; 3615 | 3592486 |
| 4.63%, 08/05/27<sup>(b)</sup> | &nbsp;&nbsp; 2140 | 2155275 |
| CenterPoint Energy Resources Corp. |  |  |
| 1.75%, 10/01/30 | &nbsp;&nbsp; 3390 | 3057098 |
| 4.00%, 04/01/28 | &nbsp;&nbsp; 2320 | 2324366 |
| 5.25%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 6055 | 6217845 |
| East Ohio Gas Co. (The), 2.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 3700 | 3380855 |
| ENN Energy Holdings Ltd. |  |  |
| 2.63%, 09/17/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 815 | 763379 |
| 4.63%, 05/17/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2685 | 2700431 |
| Grupo Energia Bogota SA ESP, 4.88%, <br> 05/15/30<sup>(b)</sup><br>| &nbsp;&nbsp; 2410 | 2379200 |
| Korea Gas Corp., 2.88%, 07/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1995 | 1936269 |
| National Fuel Gas Co. |  |  |
| 3.95%, 09/15/27 | &nbsp;&nbsp; 1713 | 1710134 |
| 4.75%, 09/01/28 | &nbsp;&nbsp; 1715 | 1740209 |
| 5.50%, 03/15/30 | &nbsp;&nbsp; 3990 | 4152198 |
| NiSource, Inc. |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 4595 | 4073489 |
| 2.95%, 09/01/29 | &nbsp;&nbsp; 4484 | 4329917 |
| 3.49%, 05/15/27 | &nbsp;&nbsp; 4731 | 4705745 |
| 3.60%, 05/01/30 | &nbsp;&nbsp; 6580 | 6454515 |
| 5.20%, 07/01/29 | &nbsp;&nbsp; 5021 | 5199316 |
| 5.25%, 03/30/28<sup>(a)</sup> | &nbsp;&nbsp; 7690 | 7884919 |
| 6.95%, 11/30/54, (5-year CMT + 2.45%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 2535 | 2648644 |
| ONE Gas, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 2225 | 2056573 |
| 5.10%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 4450 | 4600991 |
| Piedmont Natural Gas Co., Inc., 3.50%, <br> 06/01/29<br>| &nbsp;&nbsp; 4665 | 4601769 |
| Promigas SA ESP/Gases del Pacifico SAC, <br> 3.75%, 10/16/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2970 | 2791948 |
| Snam SpA, 5.00%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp; 4505 | 4634784 |
| Southern California Gas Co. |  |  |
| 2.95%, 04/15/27 | &nbsp;&nbsp; 3730 | 3694988 |
| Series XX, 2.55%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4575 | 4343059 |
| Southern Co. Gas Capital Corp. |  |  |
| Series 2020-A, 1.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2315 | 2069772 |
| Series A, 4.05%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3435 | 3445025 |
| Southwest Gas Corp. |  |  |
| 2.20%, 06/15/30 | &nbsp;&nbsp; 2970 | 2745364 |
| 3.70%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1389 | 1382425 |
| 5.45%, 03/23/28 | &nbsp;&nbsp; 2362 | 2427361 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| 5.80%, 12/01/27 | &nbsp;&nbsp; $1365 | $1404844 |
|  |  | 124135805 |
| **Hand & Machine Tools — 0.1%** | **Hand & Machine Tools — 0.1%** | **Hand & Machine Tools — 0.1%** |
| Kennametal, Inc., 4.63%, 06/15/28 | &nbsp;&nbsp; 1735 | 1755795 |
| Snap-on, Inc., 3.25%, 03/01/27<sup>(a)</sup> | &nbsp;&nbsp; 1318 | 1311010 |
| Stanley Black & Decker, Inc. |  |  |
| 2.30%, 03/15/30 | &nbsp;&nbsp; 4610 | 4275040 |
| 4.25%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2805 | 2820553 |
| 6.00%, 03/06/28 | &nbsp;&nbsp; 2638 | 2738088 |
|  |  | 12900486 |
| **Health Care - Products — 1.1%** | **Health Care - Products — 1.1%** | **Health Care - Products — 1.1%** |
| 180 Medical, Inc., 3.88%, 10/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1890 | 1851151 |
| Abbott Laboratories |  |  |
| 1.15%, 01/30/28<sup>(a)</sup> | &nbsp;&nbsp; 3615 | 3456263 |
| 1.40%, 06/30/30<sup>(a)</sup> | &nbsp;&nbsp; 4500 | 4062095 |
| 3.70%, 03/09/29 | &nbsp;&nbsp; 14250 | 14249169 |
| 4.00%, 03/15/31 | &nbsp;&nbsp; 16250 | 16237138 |
| Agilent Technologies, Inc. |  |  |
| 2.10%, 06/04/30 | &nbsp;&nbsp; 3325 | 3061731 |
| 2.75%, 09/15/29 | &nbsp;&nbsp; 4080 | 3910072 |
| 4.20%, 09/09/27 | &nbsp;&nbsp; 3145 | 3158974 |
| Alcon Finance Corp. |  |  |
| 2.60%, 05/27/30<sup>(b)</sup> | &nbsp;&nbsp; 4980 | 4691099 |
| 3.00%, 09/23/29<sup>(b)</sup> | &nbsp;&nbsp; 6845 | 6618077 |
| Baxter International, Inc. |  |  |
| 2.27%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 7175 | 6784062 |
| 3.95%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3420 | 3345781 |
| 4.45%, 02/15/29 | &nbsp;&nbsp; 2005 | 2013692 |
| 4.90%, 12/15/30 | &nbsp;&nbsp; 4200 | 4226628 |
| Boston Scientific Corp. |  |  |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 8480 | 8023828 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 1555 | 1561412 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 2015 | 2022389 |
| Dentsply Sirona, Inc., 3.25%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4845 | 4544831 |
| DH Europe Finance II SARL, 2.60%, 11/15/29 | &nbsp;&nbsp; 5355 | 5109641 |
| Edwards Lifesciences Corp., 4.30%, 06/15/28 | &nbsp;&nbsp; 3690 | 3713676 |
| GE HealthCare Technologies, Inc. |  |  |
| 4.15%, 12/15/28 | &nbsp;&nbsp; 3825 | 3845094 |
| 4.80%, 08/14/29 | &nbsp;&nbsp; 7330 | 7516846 |
| 4.80%, 01/15/31 | &nbsp;&nbsp; 3525 | 3612333 |
| 5.65%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 9565 | 9827721 |
| 5.86%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6815 | 7242380 |
| Medline Borrower LP, 3.88%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 10535 | 10361293 |
| Medline Borrower LP/Medline Co-Issuer, Inc., <br> 6.25%, 04/01/29<sup>(b)</sup><br>| &nbsp;&nbsp; 485 | 500506 |
| Medtronic Global Holdings SCA, 4.25%, <br> 03/30/28<br>| &nbsp;&nbsp; 6143 | 6203049 |
| Revvity, Inc. |  |  |
| 1.90%, 09/15/28 | &nbsp;&nbsp; 3015 | 2855792 |
| 3.30%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5480 | 5317201 |
| Smith & Nephew PLC |  |  |
| 2.03%, 10/14/30<sup>(a)</sup> | &nbsp;&nbsp; 5905 | 5357415 |
| 5.15%, 03/20/27 | &nbsp;&nbsp; 1585 | 1603350 |
| Solventum Corp., 5.40%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5277 | 5472274 |
| Stryker Corp. |  |  |
| 1.95%, 06/15/30 | &nbsp;&nbsp; 6240 | 5732196 |
| 3.65%, 03/07/28<sup>(a)</sup> | &nbsp;&nbsp; 3793 | 3782320 |
| 4.25%, 09/11/29 | &nbsp;&nbsp; 4775 | 4833386 |
| 4.70%, 02/10/28<sup>(a)</sup> | &nbsp;&nbsp; 4555 | 4623214 |
| 4.85%, 12/08/28<sup>(a)</sup> | &nbsp;&nbsp; 4030 | 4139821 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| 4.85%, 02/10/30<sup>(a)</sup> | &nbsp;&nbsp; $5155 | $5314826 |
| Thermo Fisher Scientific, Inc. |  |  |
| 1.75%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3875 | 3682517 |
| 2.60%, 10/01/29 | &nbsp;&nbsp; 5985 | 5732878 |
| 4.22%, 02/12/31 | &nbsp;&nbsp; 6545 | 6598717 |
| 4.80%, 11/21/27<sup>(a)</sup> | &nbsp;&nbsp; 2749 | 2796527 |
| 4.98%, 08/10/30 | &nbsp;&nbsp; 3222 | 3352279 |
| 5.00%, 01/31/29<sup>(a)</sup> | &nbsp;&nbsp; 6310 | 6518372 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 3.55%, 03/20/30<sup>(a)</sup> | &nbsp;&nbsp; 2125 | 2076862 |
| 5.05%, 02/19/30<sup>(a)</sup> | &nbsp;&nbsp; 3275 | 3388729 |
| 5.35%, 12/01/28 | &nbsp;&nbsp; 2975 | 3082764 |
|  |  | 238012371 |
| **Health Care - Services — 2.1%** | **Health Care - Services — 2.1%** | **Health Care - Services — 2.1%** |
| Adventist Health System/West |  |  |
| 2.95%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1715 | 1654535 |
| Series 2025, 4.74%, 12/01/30 | &nbsp;&nbsp; 2195 | 2220751 |
| Advocate Health & Hospitals Corp., 3.83%, <br> 08/15/28<br>| &nbsp;&nbsp; 2540 | 2542440 |
| Ascension Health |  |  |
| Series 2025, 4.08%, 11/15/28 | &nbsp;&nbsp; 1090 | 1099168 |
| Series 2025, 4.29%, 11/15/30 | &nbsp;&nbsp; 4135 | 4178831 |
| Series B, 2.53%, 11/15/29 | &nbsp;&nbsp; 2060 | 1964133 |
| Banner Health |  |  |
| 1.90%, 01/01/31<sup>(a)</sup> | &nbsp;&nbsp; 400 | 363535 |
| 2.34%, 01/01/30 | &nbsp;&nbsp; 210 | 197946 |
| Baylor Scott & White Holdings, Series 2021, <br> 1.78%, 11/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; 895 | 811462 |
| Bon Secours Mercy Health, Inc. |  |  |
| 3.46%, 06/01/30 | &nbsp;&nbsp; 230 | 224940 |
| Series 2018, 4.30%, 07/01/28<sup>(a)</sup> | &nbsp;&nbsp; 435 | 438351 |
| Centene Corp. |  |  |
| 2.45%, 07/15/28 | &nbsp;&nbsp; 12872 | 12130080 |
| 3.00%, 10/15/30 | &nbsp;&nbsp; 12000 | 10807283 |
| 3.38%, 02/15/30 | &nbsp;&nbsp; 11440 | 10608243 |
| 4.25%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp; 13383 | 13301959 |
| 4.63%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp; 18955 | 18495650 |
| CHRISTUS Health, Series C, 4.34%, 07/01/28 | &nbsp;&nbsp; 595 | 598075 |
| Cigna Group(The) |  |  |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 8900 | 8372648 |
| 3.05%, 10/15/27 | &nbsp;&nbsp; 2396 | 2369904 |
| 3.40%, 03/01/27 | &nbsp;&nbsp; 7214 | 7187165 |
| 4.38%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 21587 | 21810925 |
| 4.50%, 09/15/30 | &nbsp;&nbsp; 6390 | 6477050 |
| 5.00%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6541 | 6740188 |
| CommonSpirit Health |  |  |
| 2.78%, 10/01/30 | &nbsp;&nbsp; 3000 | 2817679 |
| 3.35%, 10/01/29 | &nbsp;&nbsp; 5050 | 4916915 |
| 4.35%, 09/01/30 | &nbsp;&nbsp; 4610 | 4630448 |
| Elevance Health, Inc. |  |  |
| 2.25%, 05/15/30 | &nbsp;&nbsp; 6155 | 5699989 |
| 2.88%, 09/15/29 | &nbsp;&nbsp; 5124 | 4927303 |
| 3.65%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 8690 | 8656032 |
| 4.00%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3730 | 3736338 |
| 4.10%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 7245 | 7265791 |
| 4.75%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4635 | 4745414 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 4015 | 4152109 |
| Fresenius Medical Care U.S. Finance III, Inc., <br> 3.75%, 06/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2641 | 2604202 |
| HCA, Inc. |  |  |
| 3.13%, 03/15/27 | &nbsp;&nbsp; 5064 | 5021908 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 3.38%, 03/15/29 | &nbsp;&nbsp; $3263 | $3205938 |
| 3.50%, 09/01/30 | &nbsp;&nbsp; 15735 | 15243514 |
| 4.13%, 06/15/29 | &nbsp;&nbsp; 12354 | 12366119 |
| 4.30%, 11/15/30 | &nbsp;&nbsp; 3180 | 3186096 |
| 5.00%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 4085 | 4169600 |
| 5.20%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 6127 | 6280430 |
| 5.25%, 03/01/30 | &nbsp;&nbsp; 5065 | 5256826 |
| 5.63%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp; 8912 | 9193311 |
| 5.88%, 02/01/29 | &nbsp;&nbsp; 6060 | 6316231 |
| Health Care Service Corp. A Mutual Legal <br> Reserve Co.<br>|  |  |
| 2.20%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp; 4825 | 4438436 |
| 5.20%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 4810 | 4946551 |
| Humana, Inc. |  |  |
| 3.13%, 08/15/29 | &nbsp;&nbsp; 2805 | 2700805 |
| 3.70%, 03/23/29 | &nbsp;&nbsp; 3930 | 3864176 |
| 3.95%, 03/15/27 | &nbsp;&nbsp; 2254 | 2251436 |
| 4.88%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3185 | 3229759 |
| 5.75%, 03/01/28 | &nbsp;&nbsp; 3080 | 3164138 |
| 5.75%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2625 | 2720780 |
| ICON Investments Six DAC |  |  |
| 5.81%, 05/08/27 | &nbsp;&nbsp; 3560 | 3591826 |
| 5.85%, 05/08/29 | &nbsp;&nbsp; 5195 | 5319326 |
| IQVIA, Inc. |  |  |
| 5.70%, 05/15/28 | &nbsp;&nbsp; 4655 | 4793719 |
| 6.25%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 7175 | 7541162 |
| Kaiser Foundation Hospitals, 3.15%, <br> 05/01/27<sup>(a)</sup><br>| &nbsp;&nbsp; 2920 | 2903716 |
| Laboratory Corp. of America Holdings |  |  |
| 2.95%, 12/01/29 | &nbsp;&nbsp; 4135 | 3978158 |
| 3.60%, 09/01/27<sup>(a)</sup> | &nbsp;&nbsp; 3156 | 3143998 |
| 4.35%, 04/01/30 | &nbsp;&nbsp; 4205 | 4239732 |
| PeaceHealth Obligated Group, 4.34%, <br> 11/15/28<sup>(a)</sup><br>| &nbsp;&nbsp; 515 | 518607 |
| Providence St. Joseph Health Obligated Group, <br> Series 19A, 2.53%, 10/01/29<br>| &nbsp;&nbsp; 970 | 918280 |
| Quest Diagnostics, Inc. |  |  |
| 2.95%, 06/30/30<sup>(a)</sup> | &nbsp;&nbsp; 4600 | 4386198 |
| 4.20%, 06/30/29 | &nbsp;&nbsp; 3505 | 3530700 |
| 4.60%, 12/15/27 | &nbsp;&nbsp; 1873 | 1895986 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 3970 | 4059476 |
| Roche Holdings, Inc. |  |  |
| 1.93%, 12/13/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 12170 | 11623822 |
| 2.31%, 03/10/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 5707 | 5632116 |
| 3.63%, 09/17/28<sup>(b)</sup> | &nbsp;&nbsp; 1530 | 1529211 |
| 4.08%, 12/02/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3415 | 3435237 |
| 4.20%, 09/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5140 | 5205968 |
| 4.79%, 03/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5315 | 5468804 |
| 5.34%, 11/13/28<sup>(b)</sup> | &nbsp;&nbsp; 8740 | 9099536 |
| 5.49%, 11/13/30<sup>(b)</sup> | &nbsp;&nbsp; 7610 | 8097671 |
| Rush Obligated Group, Series 2020, 3.92%, <br> 11/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 960 | 957565 |
| SSM Health Care Corp. |  |  |
| 4.89%, 06/01/28 | &nbsp;&nbsp; 265 | 269744 |
| Series A, 3.82%, 06/01/27<sup>(a)</sup> | &nbsp;&nbsp; 2495 | 2494588 |
| Stanford Health Care, Series 2020, 3.31%, <br> 08/15/30<br>| &nbsp;&nbsp; 260 | 253166 |
| UnitedHealth Group, Inc. |  |  |
| 3.70%, 05/15/27 | &nbsp;&nbsp; 2575 | 2571639 |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 8100 | 7470826 |
| 2.88%, 08/15/29 | &nbsp;&nbsp; 6324 | 6110473 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 2.95%, 10/15/27 | &nbsp;&nbsp; $5283 | $5222373 |
| 3.38%, 04/15/27 | &nbsp;&nbsp; 3213 | 3197376 |
| 3.85%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7091 | 7096778 |
| 3.88%, 12/15/28 | &nbsp;&nbsp; 4209 | 4212260 |
| 4.00%, 05/15/29 | &nbsp;&nbsp; 5718 | 5738353 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 7627 | 7709455 |
| 4.40%, 06/15/28 | &nbsp;&nbsp; 2105 | 2131263 |
| 4.60%, 04/15/27 | &nbsp;&nbsp; 2555 | 2574997 |
| 4.65%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3725 | 3807474 |
| 4.70%, 04/15/29 | &nbsp;&nbsp; 1951 | 1997346 |
| 4.80%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7617 | 7835028 |
| 5.25%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 6835 | 7015041 |
| 5.30%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7565 | 7913897 |
| Universal Health Services, Inc. |  |  |
| 2.65%, 10/15/30 | &nbsp;&nbsp; 4675 | 4303146 |
| 4.63%, 10/15/29 | &nbsp;&nbsp; 3205 | 3240632 |
|  |  | 481340205 |
| **Holding Companies - Diversified — 1.5%** | **Holding Companies - Diversified — 1.5%** | **Holding Companies - Diversified — 1.5%** |
| Aercap Sukuk Ltd./Cayman Islands, 4.50%, <br> 10/03/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3000 | 2970159 |
| Antares Holdings LP |  |  |
| 3.75%, 07/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3500 | 3419068 |
| 6.35%, 10/23/29<sup>(b)</sup> | &nbsp;&nbsp; 2870 | 2933992 |
| 6.50%, 02/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2850 | 2917201 |
| 7.95%, 08/11/28<sup>(b)</sup> | &nbsp;&nbsp; 350 | 370195 |
| Apollo Debt Solutions BDC |  |  |
| 5.20%, 12/08/28<sup>(b)</sup> | &nbsp;&nbsp; 2235 | 2226070 |
| 5.70%, 01/23/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3945 | 3913457 |
| 5.88%, 08/30/30 | &nbsp;&nbsp; 3690 | 3716360 |
| 6.90%, 04/13/29<sup>(a)</sup> | &nbsp;&nbsp; 6790 | 7059063 |
| Ares Capital Corp. |  |  |
| 2.88%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2126 | 2086729 |
| 2.88%, 06/15/28 | &nbsp;&nbsp; 6791 | 6476868 |
| 5.10%, 01/15/31 | &nbsp;&nbsp; 3045 | 2971682 |
| 5.50%, 09/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4790 | 4742519 |
| 5.88%, 03/01/29 | &nbsp;&nbsp; 6115 | 6228057 |
| 5.95%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6455 | 6602120 |
| Ares Strategic Income Fund |  |  |
| 4.85%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 3385 | 3332091 |
| 5.15%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 2000 | 1937435 |
| 5.45%, 09/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3610 | 3609804 |
| 5.55%, 04/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1375 | 1350227 |
| 5.60%, 02/15/30 | &nbsp;&nbsp; 4692 | 4637386 |
| 5.70%, 03/15/28 | &nbsp;&nbsp; 5725 | 5770002 |
| 5.80%, 09/09/30<sup>(b)</sup> | &nbsp;&nbsp; 3435 | 3411591 |
| 6.35%, 08/15/29 | &nbsp;&nbsp; 3990 | 4070284 |
| Bain Capital Specialty Finance, Inc. |  |  |
| 5.95%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2005 | 1995905 |
| 5.95%, 03/01/31 | &nbsp;&nbsp; 825 | 804012 |
| Barings BDC, Inc. |  |  |
| 5.20%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1965 | 1945909 |
| 7.00%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 1849129 |
| Barings Private Credit Corp., 6.15%, <br> 06/11/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2485 | 2466658 |
| Blackstone Private Credit Fund |  |  |
| 3.25%, 03/15/27 | &nbsp;&nbsp; 5180 | 5087210 |
| 4.00%, 01/15/29 | &nbsp;&nbsp; 3675 | 3527228 |
| 4.95%, 09/26/27 | &nbsp;&nbsp; 2085 | 2084338 |
| 5.05%, 09/10/30 | &nbsp;&nbsp; 3480 | 3362964 |
| 5.25%, 04/01/30 | &nbsp;&nbsp; 3435 | 3362458 |
| 5.35%, 03/12/31<sup>(a)</sup> | &nbsp;&nbsp; 1425 | 1380818 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| 5.60%, 11/22/29<sup>(a)</sup> | &nbsp;&nbsp; $3260 | $3238183 |
| 5.95%, 07/16/29 | &nbsp;&nbsp; 4555 | 4589842 |
| 6.25%, 01/25/31 | &nbsp;&nbsp; 1025 | 1031262 |
| 7.30%, 11/27/28 | &nbsp;&nbsp; 3525 | 3686094 |
| Blackstone Secured Lending Fund |  |  |
| 2.13%, 02/15/27 | &nbsp;&nbsp; 2149 | 2093908 |
| 2.85%, 09/30/28 | &nbsp;&nbsp; 3727 | 3491105 |
| 5.13%, 01/31/31 | &nbsp;&nbsp; 2500 | 2423266 |
| 5.25%, 09/04/29 | &nbsp;&nbsp; 1700 | 1687112 |
| 5.30%, 06/30/30<sup>(a)</sup> | &nbsp;&nbsp; 3445 | 3385049 |
| 5.35%, 04/13/28 | &nbsp;&nbsp; 4000 | 4014926 |
| 5.88%, 11/15/27 | &nbsp;&nbsp; 2460 | 2501731 |
| Blue Owl Capital Corp. |  |  |
| 2.88%, 06/11/28 | &nbsp;&nbsp; 4980 | 4648239 |
| 3.13%, 04/13/27 | &nbsp;&nbsp; 1584 | 1539964 |
| 5.95%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5730 | 5700581 |
| 6.20%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2835 | 2821395 |
| Blue Owl Credit Income Corp. |  |  |
| 5.80%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6355 | 6217691 |
| 5.90%, 05/23/28<sup>(b)</sup> | &nbsp;&nbsp; 105 | 104316 |
| 6.60%, 09/15/29 | &nbsp;&nbsp; 5005 | 5052246 |
| 7.75%, 09/16/27 | &nbsp;&nbsp; 3435 | 3502415 |
| 7.75%, 01/15/29 | &nbsp;&nbsp; 3420 | 3547161 |
| 7.95%, 06/13/28 | &nbsp;&nbsp; 5995 | 6214346 |
| Blue Owl Technology Finance Corp. |  |  |
| 6.10%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3925 | 3902646 |
| 6.13%, 01/23/31<sup>(a)</sup> | &nbsp;&nbsp; 2110 | 2015507 |
| 6.75%, 04/04/29<sup>(a)</sup> | &nbsp;&nbsp; 4800 | 4781080 |
| Capital Southwest Corp., 5.95%, 09/18/30<sup>(a)</sup> | &nbsp;&nbsp; 2385 | 2373016 |
| Carlyle Secured Lending, Inc., 6.75%, <br> 02/18/30<sup>(a)</sup><br>| &nbsp;&nbsp; 1900 | 1926380 |
| CK Hutchison International 17 II Ltd., 3.25%, <br> 09/29/27<sup>(b)</sup><br>| &nbsp;&nbsp; 2785 | 2758078 |
| CK Hutchison International 17 Ltd., 3.50%, <br> 04/05/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3484 | 3468691 |
| CK Hutchison International 19 II Ltd., 2.75%, <br> 09/06/29<sup>(b)</sup><br>| &nbsp;&nbsp; 1780 | 1708160 |
| CK Hutchison International 19 Ltd., 3.63%, <br> 04/11/29<sup>(b)</sup><br>| &nbsp;&nbsp; 4408 | 4365445 |
| Drawbridge Special Opportunities <br> Fund LP/Drawbridge Special Opportunities <br> Fin, 5.95%, 09/17/30<sup>(b)</sup><br>| &nbsp;&nbsp; 2815 | 2726879 |
| Franklin BSP Capital Corp. |  |  |
| 6.00%, 10/02/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1730 | 1682167 |
| 7.20%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 2295 | 2357227 |
| FS KKR Capital Corp. |  |  |
| 3.13%, 10/12/28<sup>(a)</sup> | &nbsp;&nbsp; 4320 | 3932948 |
| 3.25%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2882 | 2767053 |
| 6.13%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4050 | 3890250 |
| 6.13%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 1894407 |
| 6.88%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3410 | 3372582 |
| 7.88%, 01/15/29 | &nbsp;&nbsp; 2220 | 2262356 |
| Goldman Sachs BDC, Inc. |  |  |
| 5.10%, 01/28/29<sup>(a)</sup> | &nbsp;&nbsp; 1680 | 1657511 |
| 5.65%, 09/09/30<sup>(a)</sup> | &nbsp;&nbsp; 2880 | 2813928 |
| 6.38%, 03/11/27 | &nbsp;&nbsp; 1615 | 1643810 |
| Goldman Sachs Private Credit Corp. |  |  |
| 5.05%, 02/23/28<sup>(b)</sup> | &nbsp;&nbsp; 1425 | 1415818 |
| 5.38%, 01/31/29<sup>(b)</sup> | &nbsp;&nbsp; 2485 | 2473376 |
| 5.88%, 05/06/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2175 | 2199752 |
| 5.88%, 01/31/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5505 | 5406394 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| 6.25%, 05/06/30<sup>(b)</sup> | &nbsp;&nbsp; $3995 | $4000225 |
| Golub Capital BDC, Inc. |  |  |
| 2.05%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1251 | 1216127 |
| 6.00%, 07/15/29 | &nbsp;&nbsp; 4915 | 4935161 |
| 7.05%, 12/05/28 | &nbsp;&nbsp; 4125 | 4293165 |
| Golub Capital Private Credit Fund |  |  |
| 5.45%, 08/15/28 | &nbsp;&nbsp; 3365 | 3363856 |
| 5.60%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1170 | 1139795 |
| 5.80%, 09/12/29 | &nbsp;&nbsp; 3375 | 3398973 |
| 5.88%, 05/01/30 | &nbsp;&nbsp; 3005 | 3001912 |
| HA Sustainable Infrastructure Capital, Inc., <br> 6.15%, 01/15/31<sup>(a)</sup><br>| &nbsp;&nbsp; 3235 | 3357851 |
| HAT Holdings I LLC/HAT Holdings II LLC |  |  |
| 3.75%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2075 | 1946653 |
| 8.00%, 06/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 5310 | 5523027 |
| Main Street Capital Corp. |  |  |
| 5.40%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2125 | 2132327 |
| 6.50%, 06/04/27 | &nbsp;&nbsp; 1780 | 1809704 |
| 6.95%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2005 | 2088660 |
| Morgan Stanley Direct Lending Fund |  |  |
| 4.50%, 02/11/27 | &nbsp;&nbsp; 1529 | 1526237 |
| 6.00%, 05/19/30<sup>(a)</sup> | &nbsp;&nbsp; 2760 | 2769517 |
| 6.15%, 05/17/29<sup>(a)</sup> | &nbsp;&nbsp; 2220 | 2267942 |
| MSD Investment Corp. |  |  |
| 6.13%, 02/05/31<sup>(b)</sup> | &nbsp;&nbsp; 875 | 864461 |
| 6.25%, 05/31/30<sup>(b)</sup> | &nbsp;&nbsp; 2830 | 2829393 |
| New Mountain Finance Corp. |  |  |
| 6.20%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1605 | 1614010 |
| 6.88%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1935 | 1957099 |
| North Haven Private Income Fund LLC |  |  |
| 5.13%, 09/25/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1740 | 1724931 |
| 5.75%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2800 | 2770553 |
| Nuveen Churchill Direct Lending Corp., 6.65%, <br> 03/15/30<br>| &nbsp;&nbsp; 1950 | 1997319 |
| Oaktree Specialty Lending Corp. |  |  |
| 6.34%, 02/27/30<sup>(a)</sup> | &nbsp;&nbsp; 1800 | 1772777 |
| 7.10%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1870 | 1894949 |
| Oaktree Strategic Credit Fund |  |  |
| 6.19%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2440 | 2422497 |
| 6.50%, 07/23/29<sup>(a)</sup> | &nbsp;&nbsp; 2265 | 2320514 |
| 8.40%, 11/14/28<sup>(a)</sup> | &nbsp;&nbsp; 2095 | 2251346 |
| Sixth Street Lending Partners |  |  |
| 5.75%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3580 | 3594576 |
| 6.13%, 07/15/30 | &nbsp;&nbsp; 5125 | 5188873 |
| 6.50%, 03/11/29 | &nbsp;&nbsp; 3815 | 3939499 |
| Sixth Street Specialty Lending, Inc. |  |  |
| 5.63%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2410 | 2394722 |
| 6.13%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 1960 | 1988353 |
| 6.95%, 08/14/28 | &nbsp;&nbsp; 2013 | 2081948 |
|  |  | 348284234 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| DR Horton, Inc. |  |  |
| 1.40%, 10/15/27 | &nbsp;&nbsp; 1850 | 1780761 |
| 4.85%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3015 | 3111577 |
| Lennar Corp. |  |  |
| 4.75%, 11/29/27 | &nbsp;&nbsp; 2828 | 2853450 |
| 5.00%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1366 | 1375952 |
| 5.20%, 07/30/30 | &nbsp;&nbsp; 4650 | 4815731 |
| Meritage Homes Corp. |  |  |
| 3.88%, 04/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2390 | 2364794 |
| 5.13%, 06/06/27<sup>(a)</sup> | &nbsp;&nbsp; 930 | 936136 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Home Builders (continued)** | **Home Builders (continued)** | **Home Builders (continued)** |
| NVR, Inc., 3.00%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; $5650 | $5406659 |
| Sekisui House U.S., Inc., 3.85%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1700 | 1656477 |
| Toll Brothers Finance Corp. |  |  |
| 3.80%, 11/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2995 | 2963592 |
| 4.35%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1168 | 1175676 |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 940 | 945388 |
|  |  | 29386193 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Leggett & Platt, Inc. |  |  |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 2600 | 2568209 |
| 4.40%, 03/15/29 | &nbsp;&nbsp; 3345 | 3331340 |
| LG Electronics, Inc. |  |  |
| 5.63%, 04/24/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 945 | 961872 |
| 5.63%, 04/24/29<sup>(b)</sup> | &nbsp;&nbsp; 500 | 521240 |
| Panasonic Holdings Corp., 3.11%, 07/19/29<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9737 |
|  |  | 7392398 |
| **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** |
| Avery Dennison Corp. |  |  |
| 2.65%, 04/30/30 | &nbsp;&nbsp; 2285 | 2154515 |
| 4.88%, 12/06/28 | &nbsp;&nbsp; 3137 | 3198305 |
| Church & Dwight Co., Inc., 3.15%, 08/01/27 | &nbsp;&nbsp; 2210 | 2190273 |
| Clorox Co.(The) |  |  |
| 1.80%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3250 | 2958600 |
| 3.10%, 10/01/27 | &nbsp;&nbsp; 1940 | 1918370 |
| 3.90%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3234 | 3235614 |
| 4.40%, 05/01/29 | &nbsp;&nbsp; 3570 | 3616255 |
| Kimberly-Clark Corp. |  |  |
| 1.05%, 09/15/27 | &nbsp;&nbsp; 3197 | 3075849 |
| 3.10%, 03/26/30 | &nbsp;&nbsp; 6010 | 5823124 |
| 3.20%, 04/25/29 | &nbsp;&nbsp; 4505 | 4430666 |
| 3.95%, 11/01/28 | &nbsp;&nbsp; 2939 | 2954954 |
| Reckitt Benckiser Treasury Services PLC, <br> 3.00%, 06/26/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 13266 | 13135177 |
|  |  | 48691702 |
| **Insurance — 4.7%** | **Insurance — 4.7%** | **Insurance — 4.7%** |
| ACE Capital Trust II, Series N, 9.70%, 04/01/30 | &nbsp;&nbsp; 620 | 742669 |
| AEGON Funding Co. LLC, 5.50%, 04/16/27<sup>(b)</sup> | &nbsp;&nbsp; 3490 | 3538699 |
| Aegon Ltd., 5.50%, 04/11/48, (6-mo. SOFR US <br> + 3.97%)<sup>(c)</sup><br>| &nbsp;&nbsp; 4220 | 4278970 |
| Aflac, Inc., 3.60%, 04/01/30 | &nbsp;&nbsp; 7325 | 7214532 |
| AIA Group Ltd. |  |  |
| 3.38%, 04/07/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5735 | 5636957 |
| 3.60%, 04/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6414 | 6379370 |
| 3.90%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp; 2105 | 2111637 |
| 5.63%, 10/25/27<sup>(b)</sup> | &nbsp;&nbsp; 4310 | 4434017 |
| Alleghany Corp., 3.63%, 05/15/30 | &nbsp;&nbsp; 4175 | 4119773 |
| Allstate Corp.(The) |  |  |
| 1.45%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2210 | 1949366 |
| 5.05%, 06/24/29 | &nbsp;&nbsp; 4130 | 4264134 |
| American Financial Group, Inc./OH, 5.25%, <br> 04/02/30<sup>(a)</sup><br>| &nbsp;&nbsp; 1820 | 1899514 |
| American International Group, Inc. |  |  |
| 3.40%, 06/30/30 | &nbsp;&nbsp; 2295 | 2233697 |
| 4.85%, 05/07/30 | &nbsp;&nbsp; 3785 | 3883471 |
| Series A-9, 5.75%, 04/01/48<sup>(a)(c)</sup> | &nbsp;&nbsp; 1255 | 1273195 |
| American National Global Funding |  |  |
| 4.63%, 12/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2975 | 2982364 |
| 4.88%, 01/23/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3370 | 3368472 |
| 5.25%, 06/03/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3105 | 3155986 |
| 5.55%, 01/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2890 | 2961950 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| American National Group, Inc. |  |  |
| 5.00%, 06/15/27 | &nbsp;&nbsp; $2089 | $2101235 |
| 5.75%, 10/01/29 | &nbsp;&nbsp; 4640 | 4721388 |
| Aon Corp. |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 6400 | 6064645 |
| 3.75%, 05/02/29 | &nbsp;&nbsp; 5439 | 5391674 |
| 4.50%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1460 | 1480634 |
| Aon Corp./Aon Global Holdings PLC, 2.85%, <br> 05/28/27<br>| &nbsp;&nbsp; 2820 | 2780515 |
| Aon North America, Inc. |  |  |
| 5.13%, 03/01/27 | &nbsp;&nbsp; 2185 | 2207359 |
| 5.15%, 03/01/29 | &nbsp;&nbsp; 6130 | 6320815 |
| Arthur J Gallagher & Co. |  |  |
| 4.60%, 12/15/27 | &nbsp;&nbsp; 2975 | 3008407 |
| 4.85%, 12/15/29 | &nbsp;&nbsp; 5127 | 5252716 |
| Aspen Insurance Holdings Ltd., 5.75%, <br> 07/01/30<br>| &nbsp;&nbsp; 2145 | 2249698 |
| Assurant, Inc. |  |  |
| 3.70%, 02/22/30<sup>(a)</sup> | &nbsp;&nbsp; 2650 | 2586893 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 1155 | 1169522 |
| Assured Guaranty U.S. Holdings, Inc., 6.13%, <br> 09/15/28<br>| &nbsp;&nbsp; 1710 | 1789914 |
| Athene Global Funding |  |  |
| 1.99%, 08/19/28<sup>(b)</sup> | &nbsp;&nbsp; 3615 | 3418164 |
| 2.45%, 08/20/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2199 | 2144705 |
| 2.50%, 03/24/28<sup>(b)</sup> | &nbsp;&nbsp; 3035 | 2924997 |
| 2.55%, 11/19/30<sup>(b)</sup> | &nbsp;&nbsp; 4135 | 3731597 |
| 2.72%, 01/07/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1975 | 1875297 |
| 4.72%, 10/08/29<sup>(b)</sup> | &nbsp;&nbsp; 4055 | 4057154 |
| 4.83%, 05/09/28<sup>(b)</sup> | &nbsp;&nbsp; 4280 | 4324083 |
| 5.03%, 07/17/30<sup>(b)</sup> | &nbsp;&nbsp; 5520 | 5551465 |
| 5.35%, 07/09/27<sup>(b)</sup> | &nbsp;&nbsp; 2565 | 2603999 |
| 5.38%, 01/07/30<sup>(b)</sup> | &nbsp;&nbsp; 4490 | 4557812 |
| 5.52%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp; 5555 | 5636780 |
| 5.58%, 01/09/29<sup>(b)</sup> | &nbsp;&nbsp; 6920 | 7073941 |
| Athene Holding Ltd. |  |  |
| 3.50%, 01/15/31 | &nbsp;&nbsp; 2665 | 2515226 |
| 4.13%, 01/12/28 | &nbsp;&nbsp; 4685 | 4669020 |
| 6.15%, 04/03/30<sup>(a)</sup> | &nbsp;&nbsp; 3275 | 3431495 |
| AXA SA, 8.60%, 12/15/30 | &nbsp;&nbsp; 2800 | 3292150 |
| Axis Specialty Finance LLC |  |  |
| 3.90%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1490 | 1482403 |
| 4.90%, 01/15/40, (5-year CMT + 3.19%)<sup>(c)</sup> | &nbsp;&nbsp; 2950 | 2904946 |
| Axis Specialty Finance PLC, 4.00%, 12/06/27 | &nbsp;&nbsp; 1472 | 1467889 |
| Berkshire Hathaway Finance Corp. |  |  |
| 1.45%, 10/15/30 | &nbsp;&nbsp; 3415 | 3080213 |
| 1.85%, 03/12/30<sup>(a)</sup> | &nbsp;&nbsp; 4445 | 4125641 |
| 2.30%, 03/15/27 | &nbsp;&nbsp; 2054 | 2025785 |
| Brighthouse Financial Global Funding |  |  |
| 2.00%, 06/28/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1645 | 1546935 |
| 5.55%, 04/09/27<sup>(b)</sup> | &nbsp;&nbsp; 4625 | 4675891 |
| 5.65%, 06/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2550 | 2602955 |
| Brighthouse Financial, Inc. |  |  |
| 3.70%, 06/22/27 | &nbsp;&nbsp; 3886 | 3837687 |
| 5.63%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3600 | 3634864 |
| Brown & Brown, Inc. |  |  |
| 4.50%, 03/15/29 | &nbsp;&nbsp; 1965 | 1973803 |
| 4.70%, 06/23/28 | &nbsp;&nbsp; 2950 | 2977897 |
| 4.90%, 06/23/30 | &nbsp;&nbsp; 5365 | 5453860 |
| Chubb INA Holdings LLC |  |  |
| 1.38%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7705 | 6871839 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.65%, 08/15/29 | &nbsp;&nbsp; $5025 | $5157744 |
| Cincinnati Financial Corp., 6.92%, 05/15/28 | &nbsp;&nbsp; 1430 | 1517863 |
| CNA Financial Corp. |  |  |
| 2.05%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3415 | 3108255 |
| 3.45%, 08/15/27 | &nbsp;&nbsp; 2191 | 2173760 |
| 3.90%, 05/01/29 | &nbsp;&nbsp; 4005 | 3976918 |
| CNO Financial Group, Inc., 5.25%, 05/30/29<sup>(a)</sup> | &nbsp;&nbsp; 2795 | 2837687 |
| CNO Global Funding |  |  |
| 2.65%, 01/06/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2005 | 1917417 |
| 4.38%, 09/08/28<sup>(b)</sup> | &nbsp;&nbsp; 1645 | 1647459 |
| 4.70%, 12/11/30<sup>(b)</sup> | &nbsp;&nbsp; 3220 | 3226572 |
| 4.88%, 12/10/27<sup>(b)</sup> | &nbsp;&nbsp; 2165 | 2185865 |
| 4.95%, 09/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3080 | 3135197 |
| 5.88%, 06/04/27<sup>(b)</sup> | &nbsp;&nbsp; 3055 | 3114507 |
| Constellation Global Funding, 4.85%, <br> 10/22/30<sup>(b)</sup><br>| &nbsp;&nbsp; 1770 | 1767473 |
| Constellation Insurance, Inc., 6.80%, <br> 01/24/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2200 | 2239679 |
| Corebridge Financial, Inc. |  |  |
| 3.65%, 04/05/27<sup>(a)</sup> | &nbsp;&nbsp; 6849 | 6813055 |
| 3.85%, 04/05/29 | &nbsp;&nbsp; 6830 | 6751856 |
| 6.88%, 12/15/52, (5-year CMT + 3.85%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5699 | 5823119 |
| Corebridge Global Funding |  |  |
| 4.25%, 08/21/28<sup>(b)</sup> | &nbsp;&nbsp; 2535 | 2542846 |
| 4.45%, 10/02/30<sup>(b)</sup> | &nbsp;&nbsp; 3205 | 3212924 |
| 4.55%, 01/09/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2675 | 2683318 |
| 4.65%, 08/20/27<sup>(b)</sup> | &nbsp;&nbsp; 5470 | 5521147 |
| 4.85%, 06/06/30<sup>(b)</sup> | &nbsp;&nbsp; 6190 | 6306670 |
| 4.90%, 01/07/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2365 | 2405142 |
| 4.90%, 12/03/29<sup>(b)</sup> | &nbsp;&nbsp; 4492 | 4591199 |
| 5.20%, 01/12/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2825 | 2908270 |
| 5.20%, 06/24/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3335 | 3426107 |
| 5.90%, 09/19/28<sup>(b)</sup> | &nbsp;&nbsp; 3040 | 3172892 |
| Empower Finance 2020 LP, 1.36%, <br> 09/17/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1580 | 1519535 |
| Enstar Group Ltd., 4.95%, 06/01/29 | &nbsp;&nbsp; 3805 | 3857107 |
| Equitable Financial Life Global Funding |  |  |
| 1.40%, 08/27/27<sup>(b)</sup> | &nbsp;&nbsp; 3031 | 2921693 |
| 1.75%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 1670 | 1474636 |
| 1.80%, 03/08/28<sup>(b)</sup> | &nbsp;&nbsp; 4670 | 4462933 |
| 4.60%, 04/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 160 | 161150 |
| 4.88%, 11/19/27<sup>(b)</sup> | &nbsp;&nbsp; 4220 | 4285696 |
| 5.00%, 03/27/30<sup>(b)</sup> | &nbsp;&nbsp; 5270 | 5398145 |
| 5.45%, 03/03/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2352 | 2411105 |
| Equitable Holdings, Inc. |  |  |
| 4.35%, 04/20/28 | &nbsp;&nbsp; 6733 | 6766829 |
| 4.57%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2095 | 2102697 |
| 7.00%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 730 | 766788 |
| Essent Group Ltd., 6.25%, 07/01/29 | &nbsp;&nbsp; 3400 | 3577872 |
| F&G Annuities & Life, Inc. |  |  |
| 6.50%, 06/04/29 | &nbsp;&nbsp; 4200 | 4323257 |
| 7.40%, 01/13/28<sup>(a)</sup> | &nbsp;&nbsp; 2405 | 2495382 |
| F&G Global Funding |  |  |
| 2.00%, 09/20/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2810 | 2639127 |
| 2.30%, 04/11/27<sup>(b)</sup> | &nbsp;&nbsp; 1970 | 1929224 |
| 4.50%, 01/09/29<sup>(b)</sup> | &nbsp;&nbsp; 4835 | 4796517 |
| 4.65%, 09/08/28<sup>(b)</sup> | &nbsp;&nbsp; 2285 | 2277968 |
| 5.88%, 06/10/27<sup>(b)</sup> | &nbsp;&nbsp; 3270 | 3320888 |
| 5.88%, 01/16/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2082 | 2144857 |
| Fairfax Financial Holdings Ltd. |  |  |
| 4.63%, 04/29/30<sup>(a)</sup> | &nbsp;&nbsp; 3600 | 3641763 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.85%, 04/17/28 | &nbsp;&nbsp; $3085 | $3130718 |
| Farmers Exchange Capital, 7.05%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp; 930 | 972656 |
| Fidelis Insurance Holdings Ltd., 4.88%, <br> 06/30/30<sup>(b)</sup><br>| &nbsp;&nbsp; 1800 | 1797083 |
| Fidelity National Financial, Inc. |  |  |
| 3.40%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3760 | 3577725 |
| 4.50%, 08/15/28 | &nbsp;&nbsp; 2345 | 2362305 |
| First American Financial Corp., 4.00%, <br> 05/15/30<sup>(a)</sup><br>| &nbsp;&nbsp; 2590 | 2517242 |
| Five Corners Funding Trust II, 2.85%, <br> 05/15/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 8795 | 8341812 |
| Fortitude Global Funding, 4.63%, 10/06/28<sup>(b)</sup> | &nbsp;&nbsp; 2310 | 2317482 |
| Fortitude Group Holdings LLC, 6.25%, <br> 04/01/30<sup>(b)</sup><br>| &nbsp;&nbsp; 5705 | 5925540 |
| FWD Group Holdings Ltd., 5.25%, 09/22/30<sup>(b)</sup> | &nbsp;&nbsp; 3015 | 3060587 |
| GA Global Funding Trust |  |  |
| 1.95%, 09/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1420 | 1340919 |
| 4.40%, 09/23/27<sup>(b)</sup> | &nbsp;&nbsp; 3280 | 3290561 |
| 4.50%, 09/18/30<sup>(b)</sup> | &nbsp;&nbsp; 3570 | 3512498 |
| 5.40%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp; 3185 | 3263636 |
| 5.50%, 01/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4130 | 4233475 |
| Global Atlantic Fin Co., 4.40%, 10/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3300 | 3247805 |
| Globe Life, Inc. |  |  |
| 2.15%, 08/15/30 | &nbsp;&nbsp; 2840 | 2590665 |
| 4.55%, 09/15/28 | &nbsp;&nbsp; 2770 | 2792654 |
| Great-West Lifeco Finance 2018 LP, 4.05%, <br> 05/17/28<sup>(b)</sup><br>| &nbsp;&nbsp; 1300 | 1298590 |
| Guardian Life Global Funding |  |  |
| 1.25%, 11/19/27<sup>(b)</sup> | &nbsp;&nbsp; 2793 | 2675395 |
| 1.40%, 07/06/27<sup>(b)</sup> | &nbsp;&nbsp; 1950 | 1888161 |
| 1.63%, 09/16/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1215 | 1145249 |
| 3.25%, 03/29/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1750 | 1740385 |
| 4.07%, 09/05/28<sup>(b)</sup> | &nbsp;&nbsp; 1810 | 1817156 |
| 4.18%, 09/26/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3210 | 3225801 |
| 4.33%, 10/06/30<sup>(b)</sup> | &nbsp;&nbsp; 3995 | 4024559 |
| 4.40%, 12/11/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3775 | 3813504 |
| 4.80%, 04/28/30<sup>(b)</sup> | &nbsp;&nbsp; 5320 | 5456683 |
| 5.55%, 10/28/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2332 | 2395809 |
| 5.74%, 10/02/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2730 | 2853779 |
| Hanover Insurance Group, Inc.(The) |  |  |
| 2.50%, 09/01/30 | &nbsp;&nbsp; 2000 | 1847955 |
| 2.80%, 08/19/29 | &nbsp;&nbsp; 3155 | 3035506 |
| Horace Mann Educators Corp. |  |  |
| 4.70%, 10/01/30 | &nbsp;&nbsp; 1900 | 1907373 |
| 7.25%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1250 | 1339364 |
| Jackson Financial, Inc., 5.17%, 06/08/27<sup>(a)</sup> | &nbsp;&nbsp; 631 | 638674 |
| Jackson National Life Global Funding |  |  |
| 3.05%, 06/21/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 325 | 311538 |
| 4.55%, 09/09/30<sup>(b)</sup> | &nbsp;&nbsp; 2780 | 2782016 |
| 4.60%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 5090 | 5107251 |
| 4.70%, 06/05/28<sup>(b)</sup> | &nbsp;&nbsp; 1875 | 1892116 |
| 5.25%, 04/12/28<sup>(b)</sup> | &nbsp;&nbsp; 2277 | 2322238 |
| 5.35%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp; 3105 | 3199778 |
| 5.55%, 07/02/27<sup>(b)</sup> | &nbsp;&nbsp; 325 | 330877 |
| Jackson National Life Insurance Co., 8.15%, <br> 03/15/27<sup>(b)</sup><br>| &nbsp;&nbsp; 5600 | 5780955 |
| Kemper Corp., 2.40%, 09/30/30<sup>(a)</sup> | &nbsp;&nbsp; 2550 | 2242875 |
| Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52, <br> (5-year CMT + 2.89%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 2020 | 2056037 |
| Liberty Mutual Group, Inc., 4.57%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 5185 | 5218495 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Lincoln Financial Global Funding |  |  |
| 4.20%, 01/12/29<sup>(a)(b)</sup> | &nbsp;&nbsp; $2150 | $2144178 |
| 4.63%, 05/28/28<sup>(b)</sup> | &nbsp;&nbsp; 3560 | 3580676 |
| 4.63%, 08/18/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1990 | 1996840 |
| 5.30%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp; 3670 | 3770523 |
| Lincoln National Corp. |  |  |
| 2.33%, 08/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4790 | 4331547 |
| 3.05%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3110 | 2956754 |
| 3.40%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1560 | 1467748 |
| 3.80%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1490 | 1475999 |
| Loews Corp., 3.20%, 05/15/30 | &nbsp;&nbsp; 3635 | 3507517 |
| Manulife Financial Corp., 2.48%, 05/19/27<sup>(a)</sup> | &nbsp;&nbsp; 2581 | 2540025 |
| Markel Group, Inc. |  |  |
| 3.35%, 09/17/29 | &nbsp;&nbsp; 2050 | 1994423 |
| 3.50%, 11/01/27 | &nbsp;&nbsp; 1200 | 1188763 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.25%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4102 | 3763758 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 8042 | 8125661 |
| 4.55%, 11/08/27<sup>(a)</sup> | &nbsp;&nbsp; 4835 | 4879477 |
| 4.65%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7315 | 7460925 |
| MassMutual Global Funding II |  |  |
| 1.55%, 10/09/30<sup>(b)</sup> | &nbsp;&nbsp; 4230 | 3761823 |
| 4.00%, 01/22/29<sup>(b)</sup> | &nbsp;&nbsp; 2945 | 2950905 |
| 4.30%, 10/22/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2445 | 2467004 |
| 4.45%, 03/27/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2658 | 2691242 |
| 4.55%, 05/07/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5065 | 5153109 |
| 4.85%, 01/17/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3605 | 3698381 |
| 4.95%, 01/10/30<sup>(b)</sup> | &nbsp;&nbsp; 2815 | 2896283 |
| 5.05%, 12/07/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4160 | 4245309 |
| 5.05%, 06/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3910 | 4012398 |
| 5.10%, 04/09/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4850 | 4920462 |
| 5.15%, 05/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2615 | 2706152 |
| Meiji Yasuda Life Insurance Co., 5.10%, <br> 04/26/48, (5-year USD ICE Swap + <br> 3.15%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 4875 | 4953926 |
| Mercury General Corp., 4.40%, 03/15/27 | &nbsp;&nbsp; 1349 | 1348126 |
| Met Tower Global Funding |  |  |
| 4.00%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp; 2748 | 2756747 |
| 4.00%, 01/14/29<sup>(b)</sup> | &nbsp;&nbsp; 2315 | 2318432 |
| 4.20%, 09/16/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3215 | 3217071 |
| 4.80%, 01/14/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3080 | 3131256 |
| 5.25%, 04/12/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3220 | 3333828 |
| MetLife, Inc., 4.55%, 03/23/30<sup>(a)</sup> | &nbsp;&nbsp; 5790 | 5922607 |
| Metropolitan Life Global Funding I |  |  |
| 1.55%, 01/07/31<sup>(b)</sup> | &nbsp;&nbsp; 5460 | 4824150 |
| 2.95%, 04/09/30<sup>(b)</sup> | &nbsp;&nbsp; 6390 | 6126848 |
| 3.00%, 09/19/27<sup>(b)</sup> | &nbsp;&nbsp; 3725 | 3680864 |
| 3.05%, 06/17/29<sup>(b)</sup> | &nbsp;&nbsp; 3060 | 2971161 |
| 3.30%, 03/21/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3250 | 3177158 |
| 3.85%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp; 70 | 69776 |
| 4.15%, 08/25/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2435 | 2453274 |
| 4.30%, 08/25/29<sup>(b)</sup> | &nbsp;&nbsp; 3260 | 3287556 |
| 4.35%, 01/12/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3690 | 3718629 |
| 4.40%, 06/30/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2515 | 2536699 |
| 4.85%, 01/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4465 | 4577066 |
| 4.90%, 01/09/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3170 | 3259087 |
| 5.05%, 06/11/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3385 | 3438417 |
| 5.05%, 01/06/28<sup>(b)</sup> | &nbsp;&nbsp; 2655 | 2710638 |
| 5.40%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp; 4205 | 4356294 |
| MGIC Investment Corp., 5.25%, 08/15/28 | &nbsp;&nbsp; 2790 | 2786110 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Mitsui Sumitomo Insurance Co. Ltd., 4.95%, <br> (5-year USD Swap + 3.26%)<sup>(a)(b)(c)(e)</sup><br>| &nbsp;&nbsp; $3190 | $3228998 |
| Mutual of Omaha Companies Global Funding |  |  |
| 4.51%, 06/09/28<sup>(b)</sup> | &nbsp;&nbsp; 2320 | 2338458 |
| 4.55%, 01/13/31<sup>(b)</sup> | &nbsp;&nbsp; 2945 | 2961693 |
| 4.75%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2630 | 2677483 |
| 5.35%, 04/09/27<sup>(b)</sup> | &nbsp;&nbsp; 2210 | 2240044 |
| 5.45%, 12/12/28<sup>(b)</sup> | &nbsp;&nbsp; 2205 | 2278020 |
| Mutual of Omaha Cos Global Funding, 5.00%, <br> 04/01/30<sup>(b)</sup><br>| &nbsp;&nbsp; 3315 | 3408928 |
| New York Life Global Funding |  |  |
| 1.20%, 08/07/30<sup>(b)</sup> | &nbsp;&nbsp; 3760 | 3334729 |
| 3.00%, 01/10/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3940 | 3888916 |
| 3.25%, 04/07/27<sup>(b)</sup> | &nbsp;&nbsp; 2567 | 2553933 |
| 3.90%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp; 2944 | 2948932 |
| 4.05%, 02/02/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1850 | 1860235 |
| 4.15%, 07/25/28<sup>(b)</sup> | &nbsp;&nbsp; 4690 | 4716975 |
| 4.25%, 01/09/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2895 | 2922328 |
| 4.40%, 12/13/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 705 | 713209 |
| 4.40%, 04/25/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3750 | 3789400 |
| 4.60%, 12/05/29<sup>(b)</sup> | &nbsp;&nbsp; 3780 | 3862418 |
| 4.60%, 06/03/30<sup>(b)</sup> | &nbsp;&nbsp; 3905 | 3991860 |
| 4.70%, 01/29/29<sup>(b)</sup> | &nbsp;&nbsp; 3572 | 3643779 |
| 4.85%, 01/09/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6125 | 6243818 |
| 4.90%, 04/02/27<sup>(b)</sup> | &nbsp;&nbsp; 3203 | 3242009 |
| 4.90%, 06/13/28<sup>(b)</sup> | &nbsp;&nbsp; 4758 | 4862993 |
| 5.00%, 06/06/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3705 | 3828749 |
| Nippon Life Insurance Co. |  |  |
| 2.75%, 01/21/51, (5-year CMT + 2.65%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6430 | 5831521 |
| 3.40%, 01/23/50, (5-year CMT + 2.61%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6790 | 6473666 |
| 4.00%, 09/19/47, (5-year USD ICE Swap + <br> 2.88%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 3975 | 3949779 |
| NLG Global Funding |  |  |
| 4.35%, 09/15/30<sup>(b)</sup> | &nbsp;&nbsp; 2225 | 2223582 |
| 5.40%, 01/23/30<sup>(b)</sup> | &nbsp;&nbsp; 3645 | 3778562 |
| NMI Holdings, Inc., 6.00%, 08/15/29 | &nbsp;&nbsp; 2990 | 3100750 |
| Northwestern Mutual Global Funding |  |  |
| 1.70%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3765 | 3595525 |
| 3.30%, 04/04/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1290 | 1264207 |
| 4.11%, 09/12/27<sup>(b)</sup> | &nbsp;&nbsp; 2578 | 2590672 |
| 4.13%, 08/25/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1485 | 1494838 |
| 4.30%, 01/13/31<sup>(b)</sup> | &nbsp;&nbsp; 3660 | 3679876 |
| 4.35%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 3990 | 4023406 |
| 4.49%, 03/21/28<sup>(b)</sup> | &nbsp;&nbsp; 2165 | 2189098 |
| 4.60%, 06/03/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2655 | 2704509 |
| 4.71%, 01/10/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3215 | 3286953 |
| 4.90%, 06/12/28<sup>(b)</sup> | &nbsp;&nbsp; 4875 | 4977363 |
| 4.96%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp; 3115 | 3205971 |
| 5.07%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp; 3325 | 3367673 |
| Pacific Life Global Funding II |  |  |
| 1.45%, 01/20/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2935 | 2806064 |
| 1.60%, 09/21/28<sup>(b)</sup> | &nbsp;&nbsp; 1025 | 964636 |
| 4.38%, 02/03/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2605 | 2635847 |
| 4.45%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 3240 | 3274478 |
| 4.50%, 08/28/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3434 | 3482244 |
| 4.85%, 02/10/30<sup>(b)</sup> | &nbsp;&nbsp; 2850 | 2917918 |
| 4.90%, 04/04/28<sup>(b)</sup> | &nbsp;&nbsp; 2998 | 3050608 |
| 4.90%, 01/11/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2080 | 2128524 |
| 5.50%, 07/18/28<sup>(b)</sup> | &nbsp;&nbsp; 2527 | 2614823 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| PartnerRe Finance B LLC |  |  |
| 3.70%, 07/02/29 | &nbsp;&nbsp; $3470 | $3416219 |
| 4.50%, 10/01/50, (5-year CMT + 3.82%)<sup>(c)</sup> | &nbsp;&nbsp; 2150 | 2077974 |
| Pricoa Global Funding I |  |  |
| 4.35%, 11/25/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2625 | 2652672 |
| 4.40%, 08/27/27<sup>(b)</sup> | &nbsp;&nbsp; 3145 | 3174023 |
| 4.70%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp; 4230 | 4323043 |
| 5.10%, 05/30/28<sup>(b)</sup> | &nbsp;&nbsp; 2355 | 2412357 |
| Principal Financial Group, Inc. |  |  |
| 2.13%, 06/15/30 | &nbsp;&nbsp; 3830 | 3508182 |
| 3.70%, 05/15/29 | &nbsp;&nbsp; 2950 | 2919551 |
| 4.11%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2510 | 2510177 |
| Principal Life Global Funding II |  |  |
| 1.50%, 08/27/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2000 | 1778627 |
| 1.63%, 11/19/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2920 | 2584093 |
| 2.50%, 09/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2005 | 1893708 |
| 4.25%, 08/18/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1705 | 1710068 |
| 4.45%, 01/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4210 | 4242473 |
| 4.60%, 08/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3194 | 3225641 |
| 4.80%, 01/09/28<sup>(b)</sup> | &nbsp;&nbsp; 2305 | 2339191 |
| 4.95%, 11/27/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3390 | 3471347 |
| 5.10%, 01/25/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3835 | 3931977 |
| 5.50%, 06/28/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1965 | 2023980 |
| Progressive Corp.(The) |  |  |
| 2.50%, 03/15/27 | &nbsp;&nbsp; 234 | 230997 |
| 3.20%, 03/26/30<sup>(a)</sup> | &nbsp;&nbsp; 3125 | 3034725 |
| 4.00%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2580 | 2591476 |
| 6.63%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3220 | 3467284 |
| Protective Life Corp. |  |  |
| 3.40%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 2660 | 2578492 |
| 4.30%, 09/30/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1995 | 2002034 |
| 4.70%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 3215 | 3246209 |
| Protective Life Global Funding |  |  |
| 1.74%, 09/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4335 | 3872141 |
| 1.90%, 07/06/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1725 | 1644137 |
| 4.16%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2270 | 2272804 |
| 4.34%, 09/13/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1560 | 1571972 |
| 4.71%, 07/06/27<sup>(b)</sup> | &nbsp;&nbsp; 1120 | 1132424 |
| 4.77%, 12/09/29<sup>(b)</sup> | &nbsp;&nbsp; 2730 | 2783481 |
| 4.80%, 06/05/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5715 | 5824068 |
| 5.22%, 06/12/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3030 | 3127867 |
| 5.47%, 12/08/28<sup>(b)</sup> | &nbsp;&nbsp; 2810 | 2910186 |
| 5.76%, 07/05/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 695 | 734623 |
| Prudential Financial, Inc. |  |  |
| 2.10%, 03/10/30<sup>(a)</sup> | &nbsp;&nbsp; 3065 | 2863476 |
| 3.70%, 10/01/50, (5-year CMT + 3.04%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4395 | 4089597 |
| 3.88%, 03/27/28 | &nbsp;&nbsp; 2443 | 2444519 |
| 4.50%, 09/15/47, (3-mo. SOFR US + <br> 2.64%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 6480 | 6383880 |
| 5.70%, 09/15/48, (3-mo. SOFR US + <br> 2.93%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 5600 | 5639278 |
| Prudential Funding Asia PLC, 3.13%, 04/14/30 | &nbsp;&nbsp; 6699 | 6468727 |
| Reinsurance Group of America, Inc. |  |  |
| 3.15%, 06/15/30 | &nbsp;&nbsp; 3760 | 3589848 |
| 3.90%, 05/15/29 | &nbsp;&nbsp; 3890 | 3868210 |
| Reliance Standard Life Global Funding II |  |  |
| 4.93%, 09/01/27<sup>(b)</sup> | &nbsp;&nbsp; 335 | 338139 |
| 5.28%, 11/07/29<sup>(b)</sup> | &nbsp;&nbsp; 1000 | 1023087 |
| RenaissanceRe Finance, Inc., 3.45%, <br> 07/01/27<sup>(a)</sup><br>| &nbsp;&nbsp; 965 | 959101 |
| RenaissanceRe Holdings Ltd., 3.60%, 04/15/29 | &nbsp;&nbsp; 3335 | 3278420 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| RGA Global Funding |  |  |
| 2.70%, 01/18/29<sup>(a)(b)</sup> | &nbsp;&nbsp; $2575 | $2466285 |
| 4.35%, 08/25/28<sup>(b)</sup> | &nbsp;&nbsp; 2555 | 2567953 |
| 4.60%, 11/25/30<sup>(b)</sup> | &nbsp;&nbsp; 2600 | 2619831 |
| 5.25%, 01/09/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2835 | 2935820 |
| 5.45%, 05/24/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4105 | 4261279 |
| 5.50%, 01/11/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3565 | 3729094 |
| 6.00%, 11/21/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2385 | 2495591 |
| Sagicor Financial Co. Ltd., 5.30%, <br> 05/13/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2485 | 2475557 |
| Sammons Financial Group Global Funding |  |  |
| 4.80%, 12/12/30<sup>(b)</sup> | &nbsp;&nbsp; 1725 | 1744173 |
| 4.95%, 06/12/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3745 | 3811406 |
| 5.05%, 01/10/28<sup>(b)</sup> | &nbsp;&nbsp; 2220 | 2258120 |
| 5.10%, 12/10/29<sup>(b)</sup> | &nbsp;&nbsp; 2620 | 2687434 |
| Sammons Financial Group, Inc., 4.45%, <br> 05/12/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2205 | 2207986 |
| SBL Holdings, Inc. |  |  |
| 5.00%, 02/18/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2045 | 1813166 |
| 5.90%, 09/26/28<sup>(b)</sup> | &nbsp;&nbsp; 2960 | 2873287 |
| SiriusPoint Ltd., 7.00%, 04/05/29 | &nbsp;&nbsp; 3035 | 3191617 |
| Sumitomo Life Insurance Co., 4.00%, <br> 09/14/77<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 7815 | 7753123 |
| Swiss Re Finance Luxembourg SA, 5.00%, <br> 04/02/49, (5-year CMT + 3.58%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 3550 | 3586428 |
| Unum Group, 4.00%, 06/15/29 | &nbsp;&nbsp; 3320 | 3293340 |
| Western-Southern Global Funding |  |  |
| 4.25%, 01/29/29<sup>(b)</sup> | &nbsp;&nbsp; 1650 | 1657319 |
| 4.50%, 07/16/28<sup>(b)</sup> | &nbsp;&nbsp; 1970 | 1987078 |
| 4.90%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp; 3205 | 3286619 |
| Willis North America, Inc. |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 4780 | 4567450 |
| 4.50%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3185 | 3204135 |
| 4.55%, 03/15/31 | &nbsp;&nbsp; 3770 | 3772681 |
| 4.65%, 06/15/27 | &nbsp;&nbsp; 3275 | 3296492 |
|  |  | 1071592644 |
| **Internet — 2.1%** | **Internet — 2.1%** | **Internet — 2.1%** |
| Alibaba Group Holding Ltd. |  |  |
| 2.13%, 02/09/31 | &nbsp;&nbsp; 115 | 105596 |
| 3.40%, 12/06/27<sup>(a)</sup> | &nbsp;&nbsp; 13740 | 13643277 |
| 4.88%, 05/26/30<sup>(a)</sup> | &nbsp;&nbsp; 3610 | 3749842 |
| Alphabet, Inc. |  |  |
| 0.80%, 08/15/27 | &nbsp;&nbsp; 5465 | 5256347 |
| 1.10%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 11940 | 10640591 |
| 3.70%, 02/15/29 | &nbsp;&nbsp; 12030 | 12041644 |
| 3.88%, 11/15/28 | &nbsp;&nbsp; 5775 | 5817079 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 6305 | 6348491 |
| 4.10%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 15665 | 15807098 |
| 4.10%, 02/15/31 | &nbsp;&nbsp; 13115 | 13201339 |
| Amazon.com, Inc. |  |  |
| 1.20%, 06/03/27 | &nbsp;&nbsp; 6578 | 6386311 |
| 1.50%, 06/03/30 | &nbsp;&nbsp; 12230 | 11086676 |
| 1.65%, 05/12/28 | &nbsp;&nbsp; 12135 | 11633134 |
| 3.15%, 08/22/27 | &nbsp;&nbsp; 19891 | 19768330 |
| 3.30%, 04/13/27 | &nbsp;&nbsp; 10705 | 10668354 |
| 3.45%, 04/13/29 | &nbsp;&nbsp; 9198 | 9128461 |
| 3.90%, 11/20/28<sup>(a)</sup> | &nbsp;&nbsp; 14380 | 14458358 |
| 4.10%, 11/20/30<sup>(a)</sup> | &nbsp;&nbsp; 16225 | 16344220 |
| 4.55%, 12/01/27 | &nbsp;&nbsp; 10971 | 11145655 |
| 4.65%, 12/01/29 | &nbsp;&nbsp; 9250 | 9528624 |
| AppLovin Corp., 5.13%, 12/01/29 | &nbsp;&nbsp; 6900 | 7046608 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| Baidu, Inc. |  |  |
| 3.63%, 07/06/27<sup>(a)</sup> | &nbsp;&nbsp; $3340 | $3330775 |
| 4.38%, 03/29/28 | &nbsp;&nbsp; 3005 | 3032784 |
| 4.88%, 11/14/28 | &nbsp;&nbsp; 200 | 204656 |
| Booking Holdings, Inc., 3.55%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2540 | 2523725 |
| eBay, Inc. |  |  |
| 2.70%, 03/11/30 | &nbsp;&nbsp; 6073 | 5758302 |
| 3.60%, 06/05/27 | &nbsp;&nbsp; 4242 | 4227798 |
| 4.25%, 03/06/29 | &nbsp;&nbsp; 3755 | 3780205 |
| 5.95%, 11/22/27 | &nbsp;&nbsp; 1218 | 1258506 |
| Expedia Group, Inc. |  |  |
| 3.25%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 8695 | 8343543 |
| 3.80%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5127 | 5100571 |
| 4.63%, 08/01/27 | &nbsp;&nbsp; 2426 | 2442708 |
| JD.com, Inc., 3.38%, 01/14/30<sup>(a)</sup> | &nbsp;&nbsp; 4200 | 4122250 |
| Kuaishou Technology, 4.13%, 01/22/31<sup>(b)</sup> | &nbsp;&nbsp; 80 | 80082 |
| Meituan |  |  |
| 3.05%, 10/28/30<sup>(b)</sup> | &nbsp;&nbsp; 7625 | 7194231 |
| 4.50%, 04/02/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6344 | 6384836 |
| 4.63%, 10/02/29<sup>(b)</sup> | &nbsp;&nbsp; 8025 | 8120986 |
| MercadoLibre, Inc., 3.13%, 01/14/31<sup>(a)</sup> | &nbsp;&nbsp; 3100 | 2897208 |
| Meta Platforms, Inc. |  |  |
| 3.50%, 08/15/27 | &nbsp;&nbsp; 14639 | 14625663 |
| 4.20%, 11/15/30 | &nbsp;&nbsp; 24775 | 24992884 |
| 4.30%, 08/15/29 | &nbsp;&nbsp; 6588 | 6694105 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 9220 | 9403732 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 6140 | 6350706 |
| Netflix, Inc. |  |  |
| 4.88%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 10192 | 10425719 |
| 4.88%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 4285 | 4414901 |
| 5.38%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 5615 | 5858073 |
| 5.88%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 11557 | 12157962 |
| 6.38%, 05/15/29 | &nbsp;&nbsp; 4869 | 5230903 |
| Prosus NV |  |  |
| 3.68%, 01/21/30<sup>(b)</sup> | &nbsp;&nbsp; 6765 | 6549031 |
| 4.85%, 07/06/27<sup>(b)</sup> | &nbsp;&nbsp; 1101 | 1107518 |
| Tencent Holdings Ltd. |  |  |
| 2.39%, 06/03/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 10375 | 9816397 |
| 3.60%, 01/19/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 13895 | 13859466 |
| 3.98%, 04/11/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 15908 | 16017254 |
| Tencent Music Entertainment Group, 2.00%, <br> 09/03/30<br>| &nbsp;&nbsp; 1880 | 1729296 |
| Uber Technologies, Inc. |  |  |
| 4.15%, 01/15/31 | &nbsp;&nbsp; 4845 | 4826027 |
| 4.30%, 01/15/30 | &nbsp;&nbsp; 7852 | 7895861 |
| 4.50%, 08/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 10073 | 10080998 |
| VeriSign, Inc., 4.75%, 07/15/27 | &nbsp;&nbsp; 3507 | 3509271 |
| Weibo Corp., 3.38%, 07/08/30<sup>(a)</sup> | &nbsp;&nbsp; 5625 | 5390859 |
|  |  | 463545827 |
| **Iron & Steel — 0.3%** | **Iron & Steel — 0.3%** | **Iron & Steel — 0.3%** |
| ArcelorMittal SA |  |  |
| 4.25%, 07/16/29<sup>(a)</sup> | &nbsp;&nbsp; 3525 | 3545151 |
| 6.55%, 11/29/27 | &nbsp;&nbsp; 6795 | 7065835 |
| Nucor Corp. |  |  |
| 2.70%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3295 | 3125819 |
| 3.95%, 05/01/28 | &nbsp;&nbsp; 3235 | 3246051 |
| 4.30%, 05/23/27<sup>(a)</sup> | &nbsp;&nbsp; 2290 | 2304102 |
| 4.65%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3285 | 3361446 |
| POSCO |  |  |
| 4.50%, 08/04/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 832 | 838144 |
| 4.50%, 01/16/31<sup>(b)</sup> | &nbsp;&nbsp; 2275 | 2299380 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Iron & Steel (continued)** | **Iron & Steel (continued)** | **Iron & Steel (continued)** |
| 5.75%, 01/17/28<sup>(a)(b)</sup> | &nbsp;&nbsp; $5642 | $5813531 |
| POSCO Holdings, Inc., 5.13%, 05/07/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2295 | 2381355 |
| Reliance, Inc., 2.15%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3300 | 3020513 |
| Steel Dynamics, Inc. |  |  |
| 1.65%, 10/15/27 | &nbsp;&nbsp; 1962 | 1893420 |
| 3.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2843 | 2719702 |
| 3.45%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3550 | 3453465 |
| 4.00%, 12/15/28 | &nbsp;&nbsp; 3420 | 3422852 |
| Vale Overseas Ltd., 3.75%, 07/08/30 | &nbsp;&nbsp; 8750 | 8489463 |
|  |  | 56980229 |
| **Leisure Time — 0.2%** | **Leisure Time — 0.2%** | **Leisure Time — 0.2%** |
| Brunswick Corp/DE, 5.85%, 03/18/29<sup>(a)</sup> | &nbsp;&nbsp; 2905 | 3020316 |
| Carnival Corp. |  |  |
| 4.00%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp; 13030 | 12940793 |
| 7.00%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp; 2370 | 2480319 |
| Polaris, Inc., 6.95%, 03/15/29 | &nbsp;&nbsp; 3585 | 3802978 |
| Royal Caribbean Cruises Ltd. |  |  |
| 3.70%, 03/15/28 | &nbsp;&nbsp; 2310 | 2296245 |
| 5.38%, 07/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4840 | 4876922 |
| 5.50%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 8520 | 8705738 |
| 7.50%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1715 | 1805888 |
|  |  | 39929199 |
| **Lodging — 0.4%** | **Lodging — 0.4%** | **Lodging — 0.4%** |
| Choice Hotels International, Inc. |  |  |
| 3.70%, 12/01/29 | &nbsp;&nbsp; 2880 | 2814348 |
| 3.70%, 01/15/31 | &nbsp;&nbsp; 2300 | 2215639 |
| Hyatt Hotels Corp. |  |  |
| 4.38%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2140 | 2152125 |
| 5.05%, 03/30/28 | &nbsp;&nbsp; 2170 | 2214029 |
| 5.25%, 06/30/29 | &nbsp;&nbsp; 4015 | 4148096 |
| 5.75%, 04/23/30<sup>(a)</sup> | &nbsp;&nbsp; 2815 | 2957782 |
| Las Vegas Sands Corp. |  |  |
| 3.90%, 08/08/29<sup>(a)</sup> | &nbsp;&nbsp; 4800 | 4697526 |
| 5.63%, 06/15/28 | &nbsp;&nbsp; 5330 | 5460632 |
| 5.90%, 06/01/27 | &nbsp;&nbsp; 2995 | 3047388 |
| 6.00%, 08/15/29 | &nbsp;&nbsp; 3025 | 3165505 |
| 6.00%, 06/14/30 | &nbsp;&nbsp; 3090 | 3244848 |
| Marriott International, Inc./MD |  |  |
| 4.20%, 07/15/27 | &nbsp;&nbsp; 1050 | 1054362 |
| 4.80%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3325 | 3414461 |
| 4.88%, 05/15/29 | &nbsp;&nbsp; 3445 | 3532339 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 5950 | 6101428 |
| 5.00%, 10/15/27 | &nbsp;&nbsp; 5581 | 5669705 |
| 5.55%, 10/15/28 | &nbsp;&nbsp; 3920 | 4070905 |
| Series AA, 4.65%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1398 | 1420380 |
| Series FF, 4.63%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5949 | 6062881 |
| Series X, 4.00%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2445 | 2451411 |
| Sands China Ltd. |  |  |
| 2.30%, 03/08/27 | &nbsp;&nbsp; 2398 | 2353718 |
| 2.85%, 03/08/29<sup>(a)</sup> | &nbsp;&nbsp; 5020 | 4804319 |
| 4.38%, 06/18/30 | &nbsp;&nbsp; 5230 | 5167941 |
| 5.40%, 08/08/28 | &nbsp;&nbsp; 10607 | 10829641 |
|  |  | 93051409 |
| **Machinery — 1.4%** | **Machinery — 1.4%** | **Machinery — 1.4%** |
| AGCO Corp., 5.45%, 03/21/27 | &nbsp;&nbsp; 1920 | 1944084 |
| Caterpillar Financial Services Corp. |  |  |
| 1.10%, 09/14/27<sup>(a)</sup> | &nbsp;&nbsp; 3934 | 3788392 |
| 3.60%, 08/12/27<sup>(a)</sup> | &nbsp;&nbsp; 3748 | 3747012 |
| 3.70%, 01/10/28<sup>(a)</sup> | &nbsp;&nbsp; 2710 | 2716858 |
| 3.75%, 02/23/29 | &nbsp;&nbsp; 3195 | 3197054 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| 3.95%, 11/14/28 | &nbsp;&nbsp; $5090 | $5117743 |
| 4.15%, 01/08/31 | &nbsp;&nbsp; 2535 | 2555917 |
| 4.38%, 08/16/29<sup>(a)</sup> | &nbsp;&nbsp; 3430 | 3498896 |
| 4.40%, 10/15/27 | &nbsp;&nbsp; 3645 | 3686180 |
| 4.40%, 03/03/28 | &nbsp;&nbsp; 3350 | 3396112 |
| 4.60%, 11/15/27 | &nbsp;&nbsp; 5320 | 5405847 |
| 4.70%, 11/15/29 | &nbsp;&nbsp; 6255 | 6435644 |
| 4.80%, 01/08/30<sup>(a)</sup> | &nbsp;&nbsp; 1335 | 1387907 |
| 4.85%, 02/27/29 | &nbsp;&nbsp; 4714 | 4866147 |
| 5.00%, 05/14/27 | &nbsp;&nbsp; 4693 | 4766764 |
| Series K, 4.10%, 08/15/28 | &nbsp;&nbsp; 3570 | 3603299 |
| Caterpillar, Inc. |  |  |
| 2.60%, 09/19/29 | &nbsp;&nbsp; 3410 | 3279131 |
| 2.60%, 04/09/30 | &nbsp;&nbsp; 5250 | 5005553 |
| CNH Industrial Capital LLC |  |  |
| 4.38%, 03/07/31<sup>(a)</sup> | &nbsp;&nbsp; 1595 | 1593960 |
| 4.50%, 10/08/27 | &nbsp;&nbsp; 2485 | 2502692 |
| 4.50%, 10/16/30<sup>(a)</sup> | &nbsp;&nbsp; 2800 | 2824648 |
| 4.55%, 04/10/28<sup>(a)</sup> | &nbsp;&nbsp; 4170 | 4210856 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 2195 | 2224290 |
| 5.10%, 04/20/29 | &nbsp;&nbsp; 4000 | 4114315 |
| 5.50%, 01/12/29<sup>(a)</sup> | &nbsp;&nbsp; 3030 | 3143412 |
| CNH Industrial NV, 3.85%, 11/15/27 | &nbsp;&nbsp; 2568 | 2564420 |
| Deere & Co. |  |  |
| 3.10%, 04/15/30 | &nbsp;&nbsp; 5365 | 5208589 |
| 5.38%, 10/16/29 | &nbsp;&nbsp; 3405 | 3593387 |
| 8.10%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1705 | 1986757 |
| Deere Funding Canada Corp., 4.15%, 10/09/30 | &nbsp;&nbsp; 3215 | 3235038 |
| Dover Corp., 2.95%, 11/04/29 | &nbsp;&nbsp; 2665 | 2571231 |
| Eaton Capital ULC, 4.45%, 05/09/30<sup>(a)</sup> | &nbsp;&nbsp; 3330 | 3385371 |
| Flowserve Corp., 3.50%, 10/01/30 | &nbsp;&nbsp; 3150 | 3039839 |
| GE Vernova, Inc., 4.25%, 02/04/31 | &nbsp;&nbsp; 2970 | 2990889 |
| IDEX Corp. |  |  |
| 3.00%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3405 | 3257655 |
| 4.95%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2920 | 2998867 |
| Ingersoll Rand, Inc. |  |  |
| 5.18%, 06/15/29 | &nbsp;&nbsp; 5390 | 5590434 |
| 5.20%, 06/15/27 | &nbsp;&nbsp; 3570 | 3622191 |
| 5.40%, 08/14/28 | &nbsp;&nbsp; 3402 | 3517463 |
| John Deere Capital Corp. |  |  |
| 1.45%, 01/15/31 | &nbsp;&nbsp; 115 | 102667 |
| 1.50%, 03/06/28<sup>(a)</sup> | &nbsp;&nbsp; 3705 | 3556609 |
| 1.75%, 03/09/27<sup>(a)</sup> | &nbsp;&nbsp; 2408 | 2360719 |
| 2.35%, 03/08/27 | &nbsp;&nbsp; 2622 | 2587671 |
| 2.45%, 01/09/30<sup>(a)</sup> | &nbsp;&nbsp; 3245 | 3095478 |
| 2.80%, 09/08/27 | &nbsp;&nbsp; 2688 | 2654589 |
| 2.80%, 07/18/29<sup>(a)</sup> | &nbsp;&nbsp; 4085 | 3958840 |
| 3.05%, 01/06/28 | &nbsp;&nbsp; 2070 | 2049593 |
| 3.35%, 04/18/29 | &nbsp;&nbsp; 4220 | 4163871 |
| 3.45%, 03/07/29 | &nbsp;&nbsp; 4120 | 4085039 |
| 4.15%, 09/15/27 | &nbsp;&nbsp; 4756 | 4788735 |
| 4.20%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 3866 | 3894460 |
| 4.38%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3890 | 3958567 |
| 4.50%, 01/16/29 | &nbsp;&nbsp; 5810 | 5936363 |
| 4.65%, 01/07/28 | &nbsp;&nbsp; 2560 | 2607527 |
| 4.70%, 06/10/30<sup>(a)</sup> | &nbsp;&nbsp; 5225 | 5393125 |
| 4.75%, 01/20/28<sup>(a)</sup> | &nbsp;&nbsp; 6550 | 6689347 |
| 4.85%, 03/05/27 | &nbsp;&nbsp; 2395 | 2422743 |
| 4.85%, 06/11/29 | &nbsp;&nbsp; 5235 | 5404647 |
| 4.85%, 10/11/29<sup>(a)</sup> | &nbsp;&nbsp; 1830 | 1901382 |
| 4.90%, 06/11/27 | &nbsp;&nbsp; 3612 | 3667270 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| 4.90%, 03/03/28<sup>(a)</sup> | &nbsp;&nbsp; $3470 | $3555766 |
| 4.95%, 07/14/28<sup>(a)</sup> | &nbsp;&nbsp; 8785 | 9032968 |
| Series I, 4.25%, 06/05/28 | &nbsp;&nbsp; 4570 | 4630440 |
| Series I, 4.55%, 06/05/30 | &nbsp;&nbsp; 5360 | 5491344 |
| Komatsu Finance America, Inc. |  |  |
| 4.20%, 09/18/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3335 | 3352803 |
| 5.50%, 10/06/27<sup>(b)</sup> | &nbsp;&nbsp; 2270 | 2324479 |
| Nordson Corp. |  |  |
| 4.50%, 12/15/29 | &nbsp;&nbsp; 3940 | 3993346 |
| 5.60%, 09/15/28 | &nbsp;&nbsp; 2315 | 2393851 |
| nVent Finance SARL, 4.55%, 04/15/28 | &nbsp;&nbsp; 2995 | 3017324 |
| Oshkosh Corp. |  |  |
| 3.10%, 03/01/30 | &nbsp;&nbsp; 2140 | 2056381 |
| 4.60%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1930 | 1948699 |
| Otis Worldwide Corp. |  |  |
| 2.29%, 04/05/27<sup>(a)</sup> | &nbsp;&nbsp; 2341 | 2304606 |
| 2.57%, 02/15/30 | &nbsp;&nbsp; 9245 | 8734615 |
| 5.25%, 08/16/28 | &nbsp;&nbsp; 4530 | 4674010 |
| Regal Rexnord Corp. |  |  |
| 6.05%, 04/15/28 | &nbsp;&nbsp; 7433 | 7707444 |
| 6.30%, 02/15/30 | &nbsp;&nbsp; 6865 | 7330204 |
| Rockwell Automation, Inc. |  |  |
| 3.50%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3665 | 3620921 |
| 6.70%, 01/15/28 | &nbsp;&nbsp; 145 | 152536 |
| Vertiv Group Corp., 4.13%, 11/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3670 | 3655178 |
| Weir Group, Inc., 5.35%, 05/06/30<sup>(b)</sup> | &nbsp;&nbsp; 5340 | 5528652 |
| Westinghouse Air Brake Technologies Corp. |  |  |
| 4.70%, 09/15/28 | &nbsp;&nbsp; 7626 | 7744975 |
| 4.90%, 05/29/30 | &nbsp;&nbsp; 3535 | 3641173 |
| Xylem, Inc. |  |  |
| 1.95%, 01/30/28<sup>(a)</sup> | &nbsp;&nbsp; 3038 | 2933666 |
| 2.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 2280 | 2087213 |
|  |  | 313766680 |
| **Manufacturing — 0.4%** | **Manufacturing — 0.4%** | **Manufacturing — 0.4%** |
| 3M Co. |  |  |
| 2.38%, 08/26/29 | &nbsp;&nbsp; 7155 | 6795486 |
| 2.88%, 10/15/27 | &nbsp;&nbsp; 4289 | 4232449 |
| 3.05%, 04/15/30 | &nbsp;&nbsp; 3530 | 3401306 |
| 3.38%, 03/01/29 | &nbsp;&nbsp; 5010 | 4932053 |
| 3.63%, 09/14/28 | &nbsp;&nbsp; 3827 | 3809111 |
| 4.80%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3755 | 3860870 |
| Eaton Corp. |  |  |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 3177 | 3149310 |
| 4.35%, 05/18/28 | &nbsp;&nbsp; 4280 | 4333340 |
| Parker-Hannifin Corp. |  |  |
| 3.25%, 03/01/27 | &nbsp;&nbsp; 3122 | 3107285 |
| 3.25%, 06/14/29 | &nbsp;&nbsp; 6322 | 6198574 |
| 4.25%, 09/15/27<sup>(a)</sup> | &nbsp;&nbsp; 7053 | 7097370 |
| 4.50%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6015 | 6128902 |
| Pentair Finance SARL, 4.50%, 07/01/29 | &nbsp;&nbsp; 2885 | 2912875 |
| Siemens Financieringsmaatschappij NV |  |  |
| 1.70%, 03/11/28<sup>(b)</sup> | &nbsp;&nbsp; 7272 | 6993852 |
| 3.40%, 03/16/27<sup>(b)</sup> | &nbsp;&nbsp; 6714 | 6693464 |
| Siemens Funding BV |  |  |
| 4.35%, 05/26/28<sup>(b)</sup> | &nbsp;&nbsp; 6600 | 6686419 |
| 4.60%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp; 6495 | 6653772 |
| Teledyne Technologies, Inc., 2.25%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3970 | 3840870 |
| Textron, Inc. |  |  |
| 3.00%, 06/01/30 | &nbsp;&nbsp; 1885 | 1804591 |
| 3.38%, 03/01/28 | &nbsp;&nbsp; 1889 | 1868224 |
| 3.65%, 03/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1489 | 1484288 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Manufacturing (continued)** | **Manufacturing (continued)** | **Manufacturing (continued)** |
| 3.90%, 09/17/29 | &nbsp;&nbsp; $2443 | $2427952 |
|  |  | 98412363 |
| **Media — 1.1%** | **Media — 1.1%** | **Media — 1.1%** |
| Charter Communications <br> Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| 2.25%, 01/15/29 | &nbsp;&nbsp; 7891 | 7449252 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 6955 | 6893601 |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 8391 | 8386339 |
| 5.05%, 03/30/29 | &nbsp;&nbsp; 7790 | 7911577 |
| 6.10%, 06/01/29 | &nbsp;&nbsp; 8555 | 8966328 |
| Comcast Corp. |  |  |
| 1.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2490 | 2198723 |
| 1.95%, 01/15/31 | &nbsp;&nbsp; 8660 | 7829308 |
| 2.65%, 02/01/30 | &nbsp;&nbsp; 9778 | 9307392 |
| 3.15%, 02/15/28 | &nbsp;&nbsp; 8878 | 8775687 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 3630 | 3610668 |
| 3.40%, 04/01/30 | &nbsp;&nbsp; 10725 | 10490680 |
| 3.55%, 05/01/28 | &nbsp;&nbsp; 4957 | 4933177 |
| 4.15%, 10/15/28 | &nbsp;&nbsp; 21989 | 22146322 |
| 4.25%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6825 | 6884835 |
| 4.55%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5765 | 5880895 |
| 5.10%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 4397 | 4562872 |
| Cox Communications, Inc. |  |  |
| 1.80%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 4450 | 3936002 |
| 3.50%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp; 5559 | 5506650 |
| 5.45%, 09/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5795 | 5978919 |
| FactSet Research Systems, Inc., 2.90%, <br> 03/01/27<br>| &nbsp;&nbsp; 2680 | 2645794 |
| Fox Corp. |  |  |
| 3.50%, 04/08/30 | &nbsp;&nbsp; 2820 | 2749213 |
| 4.71%, 01/25/29 | &nbsp;&nbsp; 11935 | 12116539 |
| News Corp., 3.88%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp; 7110 | 6936368 |
| Paramount Global |  |  |
| 3.38%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2500 | 2416029 |
| 3.70%, 06/01/28 | &nbsp;&nbsp; 3385 | 3276287 |
| 4.20%, 06/01/29 | &nbsp;&nbsp; 2245 | 2156758 |
| 4.95%, 01/15/31 | &nbsp;&nbsp; 5000 | 4666048 |
| 7.88%, 07/30/30 | &nbsp;&nbsp; 3930 | 4140206 |
| TCI Communications, Inc., 7.13%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3610 | 3832175 |
| TWDC Enterprises 18 Corp., 2.95%, <br> 06/15/27<sup>(a)</sup><br>| &nbsp;&nbsp; 5305 | 5261360 |
| Videotron Ltd., 3.63%, 06/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4005 | 3916038 |
| Walt Disney Co.(The) |  |  |
| 2.00%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 10885 | 10267624 |
| 2.20%, 01/13/28<sup>(a)</sup> | &nbsp;&nbsp; 5992 | 5851275 |
| 2.65%, 01/13/31<sup>(a)</sup> | &nbsp;&nbsp; 15032 | 14236569 |
| 3.70%, 03/23/27 | &nbsp;&nbsp; 2578 | 2578640 |
| 3.75%, 03/14/29 | &nbsp;&nbsp; 8575 | 8578921 |
| 3.80%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp; 7265 | 7261286 |
| 4.00%, 03/14/31<sup>(a)</sup> | &nbsp;&nbsp; 8650 | 8667923 |
|  |  | 253204280 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Timken Co. (The), 4.50%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2785 | 2810960 |
| **Mining — 0.9%** | **Mining — 0.9%** | **Mining — 0.9%** |
| Anglo American Capital PLC |  |  |
| 2.63%, 09/10/30<sup>(b)</sup> | &nbsp;&nbsp; 6335 | 5913866 |
| 3.88%, 03/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4050 | 4027424 |
| 4.00%, 09/11/27<sup>(b)</sup> | &nbsp;&nbsp; 210 | 209447 |
| 4.50%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp; 4835 | 4873234 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| 4.75%, 04/10/27<sup>(b)</sup> | &nbsp;&nbsp; $3759 | $3788795 |
| 5.63%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp; 4495 | 4717908 |
| AngloGold Ashanti Holdings PLC |  |  |
| 3.38%, 11/01/28 | &nbsp;&nbsp; 4395 | 4277862 |
| 3.75%, 10/01/30 | &nbsp;&nbsp; 4385 | 4236934 |
| Antofagasta PLC, 2.38%, 10/14/30<sup>(b)</sup> | &nbsp;&nbsp; 685 | 621770 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.75%, 02/28/28<sup>(a)</sup> | &nbsp;&nbsp; 7108 | 7238181 |
| 5.00%, 02/21/30 | &nbsp;&nbsp; 4845 | 5023439 |
| 5.10%, 09/08/28<sup>(a)</sup> | &nbsp;&nbsp; 4307 | 4438265 |
| 5.25%, 09/08/30 | &nbsp;&nbsp; 5835 | 6124598 |
| Corp. Nacional del Cobre de Chile |  |  |
| 3.00%, 09/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 7000 | 6708577 |
| 3.15%, 01/14/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6260 | 6029743 |
| 3.63%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp; 8766 | 8709801 |
| 3.75%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4500 | 4377914 |
| Freeport Indonesia PT, 4.76%, 04/14/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 7530 | 7549608 |
| Freeport-McMoRan, Inc. |  |  |
| 4.13%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3277 | 3277165 |
| 4.25%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2535 | 2538523 |
| 4.38%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3110 | 3113501 |
| 4.63%, 08/01/30 | &nbsp;&nbsp; 3985 | 4031367 |
| 5.00%, 09/01/27<sup>(a)</sup> | &nbsp;&nbsp; 2994 | 2996265 |
| 5.25%, 09/01/29 | &nbsp;&nbsp; 2305 | 2340345 |
| Glencore Funding LLC |  |  |
| 2.50%, 09/01/30<sup>(b)</sup> | &nbsp;&nbsp; 6660 | 6174471 |
| 3.88%, 10/27/27<sup>(b)</sup> | &nbsp;&nbsp; 2548 | 2542562 |
| 4.00%, 03/27/27<sup>(b)</sup> | &nbsp;&nbsp; 5650 | 5651501 |
| 4.88%, 03/12/29<sup>(b)</sup> | &nbsp;&nbsp; 4682 | 4776687 |
| 4.91%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 3165 | 3222853 |
| 5.19%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6764 | 6999047 |
| 5.34%, 04/04/27<sup>(b)</sup> | &nbsp;&nbsp; 4660 | 4727303 |
| 5.37%, 04/04/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6810 | 7058851 |
| 5.40%, 05/08/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2370 | 2436378 |
| 6.13%, 10/06/28<sup>(b)</sup> | &nbsp;&nbsp; 4420 | 4630520 |
| 6.38%, 10/06/30<sup>(b)</sup> | &nbsp;&nbsp; 3570 | 3864160 |
| Gold Fields Orogen Holdings BVI Ltd., 6.13%, <br> 05/15/29<sup>(b)</sup><br>| &nbsp;&nbsp; 1275 | 1338795 |
| Indonesia Asahan Aluminium PT/Mineral <br> Industri Indonesia Persero PT<br>|  |  |
| 5.45%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 5340 | 5513283 |
| 6.53%, 11/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4249 | 4487433 |
| Industrias Penoles SAB de CV, 4.15%, <br> 09/12/29<sup>(b)</sup><br>| &nbsp;&nbsp; 2920 | 2906142 |
| Newcastle Coal Infrastructure Group Pty. Ltd., <br> 4.40%, 09/29/27<sup>(b)</sup><br>| &nbsp;&nbsp; 912 | 912290 |
| Newmont Corp., 2.80%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2070 | 1999160 |
| Newmont Corp./Newcrest Finance Pty. Ltd., <br> 3.25%, 05/13/30<br>| &nbsp;&nbsp; 2800 | 2726159 |
| Rio Tinto Finance USA Ltd., 7.13%, 07/15/28 | &nbsp;&nbsp; 4777 | 5132277 |
| Rio Tinto Finance USA PLC |  |  |
| 4.38%, 03/12/27<sup>(a)</sup> | &nbsp;&nbsp; 1855 | 1869470 |
| 4.50%, 03/14/28<sup>(a)</sup> | &nbsp;&nbsp; 4386 | 4447831 |
| 4.88%, 03/14/30<sup>(a)</sup> | &nbsp;&nbsp; 10535 | 10880552 |
| Yamana Gold, Inc., 4.63%, 12/15/27 | &nbsp;&nbsp; 1630 | 1641342 |
|  |  | 203103599 |
| **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** |
| CDW LLC/CDW Finance Corp. |  |  |
| 3.25%, 02/15/29 | &nbsp;&nbsp; 4665 | 4508023 |
| 3.28%, 12/01/28 | &nbsp;&nbsp; 2818 | 2750719 |
| 4.25%, 04/01/28 | &nbsp;&nbsp; 3425 | 3410471 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Office & Business Equipment (continued)** | **Office & Business Equipment (continued)** | **Office & Business Equipment (continued)** |
| 5.10%, 03/01/30 | &nbsp;&nbsp; $3125 | $3173683 |
|  |  | 13842896 |
| **Oil & Gas — 3.4%** | **Oil & Gas — 3.4%** | **Oil & Gas — 3.4%** |
| Adnoc Murban Rsc Ltd., 4.25%, 09/11/29<sup>(b)</sup> | &nbsp;&nbsp; 6390 | 6435759 |
| Aker BP ASA |  |  |
| 3.75%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 6920 | 6743892 |
| 4.00%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 1975 | 1932884 |
| 5.60%, 06/13/28<sup>(b)</sup> | &nbsp;&nbsp; 3212 | 3309966 |
| Antero Resources Corp., 5.38%, 03/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3855 | 3915543 |
| APA Corp., 4.25%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2640 | 2622369 |
| BP Capital Markets America, Inc. |  |  |
| 1.75%, 08/10/30<sup>(a)</sup> | &nbsp;&nbsp; 6535 | 5941444 |
| 3.54%, 04/06/27 | &nbsp;&nbsp; 2541 | 2535032 |
| 3.59%, 04/14/27 | &nbsp;&nbsp; 3441 | 3436242 |
| 3.63%, 04/06/30<sup>(a)</sup> | &nbsp;&nbsp; 8023 | 7939428 |
| 3.94%, 09/21/28 | &nbsp;&nbsp; 6241 | 6264840 |
| 4.23%, 11/06/28<sup>(a)</sup> | &nbsp;&nbsp; 11560 | 11674747 |
| 4.70%, 04/10/29<sup>(a)</sup> | &nbsp;&nbsp; 6512 | 6677311 |
| 4.87%, 11/25/29<sup>(a)</sup> | &nbsp;&nbsp; 4245 | 4384517 |
| 4.97%, 10/17/29<sup>(a)</sup> | &nbsp;&nbsp; 4717 | 4885168 |
| 5.02%, 11/17/27 | &nbsp;&nbsp; 6395 | 6525109 |
| BP Capital Markets PLC |  |  |
| 3.28%, 09/19/27 | &nbsp;&nbsp; 8734 | 8685177 |
| 3.72%, 11/28/28<sup>(a)</sup> | &nbsp;&nbsp; 4489 | 4481898 |
| 4.88%, (5-year CMT + 4.40%)<sup>(a)(c)(e)</sup> | &nbsp;&nbsp; 14020 | 13973484 |
| Canadian Natural Resources Ltd. |  |  |
| 2.95%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3380 | 3230604 |
| 3.85%, 06/01/27 | &nbsp;&nbsp; 7120 | 7119065 |
| 5.00%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5455 | 5629809 |
| Chevron Corp. |  |  |
| 2.00%, 05/11/27 | &nbsp;&nbsp; 5804 | 5696601 |
| 2.24%, 05/11/30<sup>(a)</sup> | &nbsp;&nbsp; 8525 | 7988477 |
| Chevron USA, Inc. |  |  |
| 1.02%, 08/12/27<sup>(a)</sup> | &nbsp;&nbsp; 4583 | 4420402 |
| 3.25%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3815 | 3757854 |
| 3.85%, 01/15/28 | &nbsp;&nbsp; 4209 | 4227287 |
| 3.95%, 08/13/27 | &nbsp;&nbsp; 2660 | 2674111 |
| 4.05%, 08/13/28<sup>(a)</sup> | &nbsp;&nbsp; 3210 | 3242692 |
| 4.30%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7170 | 7296629 |
| 4.48%, 02/26/28<sup>(a)</sup> | &nbsp;&nbsp; 7910 | 8036141 |
| 4.69%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6595 | 6796905 |
| CNOOC Finance 2013 Ltd., 2.88%, 09/30/29<sup>(a)</sup> | &nbsp;&nbsp; 5000 | 4845650 |
| ConocoPhillips Co. |  |  |
| 4.70%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 8575 | 8783868 |
| 6.95%, 04/15/29 | &nbsp;&nbsp; 4690 | 5115437 |
| Continental Resources, Inc./OK |  |  |
| 4.38%, 01/15/28 | &nbsp;&nbsp; 5733 | 5743811 |
| 5.75%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 8620 | 8939980 |
| Coterra Energy, Inc. |  |  |
| 3.90%, 05/15/27 | &nbsp;&nbsp; 3838 | 3833560 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 2800 | 2829844 |
| Devon Energy Corp. |  |  |
| 4.50%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3565 | 3598486 |
| 5.25%, 10/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2625 | 2625048 |
| 5.88%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2000621 |
| Diamondback Energy, Inc. |  |  |
| 3.50%, 12/01/29 | &nbsp;&nbsp; 5687 | 5566997 |
| 5.15%, 01/30/30 | &nbsp;&nbsp; 5055 | 5243960 |
| 5.20%, 04/18/27 | &nbsp;&nbsp; 4780 | 4841362 |
| Empresa Nacional del Petroleo, 5.25%, <br> 11/06/29<sup>(b)</sup><br>| &nbsp;&nbsp; 4110 | 4200963 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Eni SpA |  |  |
| 4.25%, 05/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp; $5905 | $5944174 |
| Series X-R, 4.75%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp; 5237 | 5340350 |
| Eni USA, Inc., 7.30%, 11/15/27 | &nbsp;&nbsp; 2485 | 2619082 |
| EOG Resources, Inc. |  |  |
| 4.38%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4910 | 4980428 |
| 4.40%, 07/15/28 | &nbsp;&nbsp; 3000 | 3039807 |
| 4.40%, 01/15/31 | &nbsp;&nbsp; 4600 | 4653896 |
| EQT Corp. |  |  |
| 3.90%, 10/01/27 | &nbsp;&nbsp; 5135 | 5125337 |
| 4.50%, 01/15/29 | &nbsp;&nbsp; 4635 | 4675219 |
| 4.75%, 01/15/31 | &nbsp;&nbsp; 5945 | 6029223 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 1902 | 1938515 |
| 5.70%, 04/01/28 | &nbsp;&nbsp; 3423 | 3539136 |
| 6.38%, 04/01/29 | &nbsp;&nbsp; 1135 | 1173056 |
| 6.50%, 07/01/27 | &nbsp;&nbsp; 160 | 163301 |
| 7.00%, 02/01/30 | &nbsp;&nbsp; 3965 | 4341477 |
| 7.50%, 06/01/30 | &nbsp;&nbsp; 3100 | 3443532 |
| Equinor ASA |  |  |
| 2.38%, 05/22/30 | &nbsp;&nbsp; 4200 | 3947701 |
| 3.00%, 04/06/27<sup>(a)</sup> | &nbsp;&nbsp; 6084 | 6045657 |
| 3.13%, 04/06/30 | &nbsp;&nbsp; 9000 | 8725145 |
| 3.63%, 09/10/28<sup>(a)</sup> | &nbsp;&nbsp; 5380 | 5381454 |
| 4.25%, 06/02/28<sup>(a)</sup> | &nbsp;&nbsp; 2875 | 2905739 |
| 4.50%, 09/03/30<sup>(a)</sup> | &nbsp;&nbsp; 3675 | 3754881 |
| 6.50%, 12/01/28<sup>(b)</sup> | &nbsp;&nbsp; 3500 | 3742407 |
| 6.80%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 660 | 696735 |
| 7.15%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1550 | 1688343 |
| 7.25%, 09/23/27 | &nbsp;&nbsp; 1419 | 1494788 |
| Expand Energy Corp. |  |  |
| 5.38%, 02/01/29 | &nbsp;&nbsp; 4175 | 4169822 |
| 5.38%, 03/15/30 | &nbsp;&nbsp; 7970 | 8091008 |
| 5.88%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 1995 | 1995984 |
| 6.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 290 | 290844 |
| Exxon Mobil Corp. |  |  |
| 2.44%, 08/16/29 | &nbsp;&nbsp; 7745 | 7458354 |
| 2.61%, 10/15/30 | &nbsp;&nbsp; 11120 | 10560209 |
| 3.29%, 03/19/27<sup>(a)</sup> | &nbsp;&nbsp; 5369 | 5353219 |
| 3.48%, 03/19/30<sup>(a)</sup> | &nbsp;&nbsp; 12430 | 12261495 |
| GS Caltex Corp. |  |  |
| 4.25%, 10/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1800 | 1799912 |
| 5.38%, 08/07/28<sup>(b)</sup> | &nbsp;&nbsp; 370 | 381319 |
| Helmerich & Payne, Inc. |  |  |
| 4.65%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 675 | 680914 |
| 4.85%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2495 | 2544279 |
| Hess Corp. |  |  |
| 4.30%, 04/01/27 | &nbsp;&nbsp; 5712 | 5734825 |
| 7.88%, 10/01/29 | &nbsp;&nbsp; 2845 | 3223220 |
| HF Sinclair Corp. |  |  |
| 4.50%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1865 | 1863933 |
| 5.00%, 02/01/28 | &nbsp;&nbsp; 2748 | 2743740 |
| 5.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3720 | 3861145 |
| KazMunayGas National Co. JSC |  |  |
| 4.75%, 04/19/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1205 | 1207924 |
| 5.38%, 04/24/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 7560 | 7773335 |
| Marathon Petroleum Corp. |  |  |
| 3.80%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3925 | 3914363 |
| 5.15%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6435 | 6669589 |
| Occidental Petroleum Corp. |  |  |
| 3.50%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 2102 | 2052554 |
| 6.13%, 01/01/31<sup>(a)</sup> | &nbsp;&nbsp; 6390 | 6868669 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 6.63%, 09/01/30 | &nbsp;&nbsp; $8230 | $8906720 |
| 8.88%, 07/15/30 | &nbsp;&nbsp; 6325 | 7348562 |
| OQ SAOC, 5.13%, 05/06/28<sup>(b)</sup> | &nbsp;&nbsp; 500 | 504327 |
| Ovintiv, Inc. |  |  |
| 5.65%, 05/15/28 | &nbsp;&nbsp; 4617 | 4782762 |
| 8.13%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2025 | 2330741 |
| Patterson-UTI Energy, Inc. |  |  |
| 3.95%, 02/01/28 | &nbsp;&nbsp; 1875 | 1861845 |
| 5.15%, 11/15/29 | &nbsp;&nbsp; 2265 | 2301809 |
| Pertamina Hulu Energi PT, 5.25%, 05/21/30<sup>(b)</sup> | &nbsp;&nbsp; 5310 | 5414571 |
| Pertamina Persero PT |  |  |
| 2.30%, 02/09/31<sup>(b)</sup> | &nbsp;&nbsp; 3000 | 2692549 |
| 3.10%, 01/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3835 | 3634698 |
| 3.10%, 08/27/30<sup>(b)</sup> | &nbsp;&nbsp; 3500 | 3290815 |
| 3.65%, 07/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5020 | 4906889 |
| Petronas Capital Ltd. |  |  |
| 3.50%, 04/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 9985 | 9800897 |
| 4.95%, 01/03/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 9000 | 9375939 |
| Petronas Energy Canada Ltd., 2.11%, <br> 03/23/28<sup>(b)</sup><br>| &nbsp;&nbsp; 6730 | 6495127 |
| Phillips 66 |  |  |
| 2.15%, 12/15/30 | &nbsp;&nbsp; 5650 | 5152345 |
| 3.90%, 03/15/28 | &nbsp;&nbsp; 4187 | 4182251 |
| Phillips 66 Co. |  |  |
| 3.15%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3615 | 3508275 |
| 3.75%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3575 | 3571787 |
| 4.95%, 12/01/27 | &nbsp;&nbsp; 3994 | 4062700 |
| Pioneer Natural Resources Co., 1.90%, <br> 08/15/30<br>| &nbsp;&nbsp; 6200 | 5685983 |
| PTTEP Treasury Center Co. Ltd. |  |  |
| 2.59%, 06/10/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4720 | 4632100 |
| 2.99%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 2385 | 2293885 |
| QatarEnergy LNG S3, 5.84%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp; 1743 | 1766361 |
| Reliance Industries Ltd., 3.67%, 11/30/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1735 | 1724314 |
| Repsol E&P Capital Markets U.S. LLC |  |  |
| 4.81%, 09/16/28<sup>(b)</sup> | &nbsp;&nbsp; 2760 | 2799961 |
| 5.20%, 09/16/30<sup>(b)</sup> | &nbsp;&nbsp; 5700 | 5840216 |
| SA Global Sukuk Ltd. |  |  |
| 4.13%, 09/17/30<sup>(b)</sup> | &nbsp;&nbsp; 8000 | 7932530 |
| 4.25%, 10/02/29<sup>(b)</sup> | &nbsp;&nbsp; 10920 | 10920000 |
| Saudi Arabian Oil Co. |  |  |
| 2.25%, 11/24/30<sup>(b)</sup> | &nbsp;&nbsp; 10000 | 9115300 |
| 3.50%, 04/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 18275 | 17974193 |
| 4.75%, 06/02/30<sup>(b)</sup> | &nbsp;&nbsp; 9430 | 9618199 |
| Shell Finance U.S., Inc. |  |  |
| 2.38%, 11/07/29 | &nbsp;&nbsp; 6694 | 6368400 |
| 2.75%, 04/06/30 | &nbsp;&nbsp; 8050 | 7699522 |
| 3.88%, 11/13/28<sup>(b)</sup> | &nbsp;&nbsp; 7821 | 7867500 |
| 4.13%, 11/06/30<sup>(a)</sup> | &nbsp;&nbsp; 5835 | 5881467 |
| Shell International Finance BV |  |  |
| 2.38%, 11/07/29 | &nbsp;&nbsp; 2955 | 2807670 |
| 2.75%, 04/06/30 | &nbsp;&nbsp; 2235 | 2138348 |
| 3.88%, 11/13/28 | &nbsp;&nbsp; 15 | 15048 |
| Sinopec Group Overseas Development 2017 <br> Ltd.<br>|  |  |
| 3.25%, 09/13/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 7080 | 7036343 |
| 3.63%, 04/12/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 7864 | 7856922 |
| Sinopec Group Overseas Development 2018 <br> Ltd.<br>|  |  |
| 2.30%, 01/08/31<sup>(b)</sup> | &nbsp;&nbsp; 500 | 469887 |
| 2.70%, 05/13/30<sup>(b)</sup> | &nbsp;&nbsp; 740 | 713176 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 2.95%, 08/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp; $1915 | $1864931 |
| 2.95%, 11/12/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5990 | 5849574 |
| 4.25%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp; 715 | 726135 |
| Suncor Energy, Inc., 7.00%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1420 | 1527302 |
| Tengizchevroil Finance Co. International Ltd., <br> 3.25%, 08/15/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 4000 | 3759561 |
| Thaioil Treasury Center Co. Ltd. |  |  |
| 2.50%, 06/18/30<sup>(b)</sup> | &nbsp;&nbsp; 2335 | 2152305 |
| 4.63%, 11/20/28<sup>(b)</sup> | &nbsp;&nbsp; 420 | 422672 |
| TotalEnergies Capital International SA |  |  |
| 2.83%, 01/10/30 | &nbsp;&nbsp; 7615 | 7348780 |
| 3.46%, 02/19/29 | &nbsp;&nbsp; 7890 | 7825432 |
| TotalEnergies Capital SA, 3.88%, 10/11/28<sup>(a)</sup> | &nbsp;&nbsp; 5695 | 5725952 |
| TotalEnergies Capital USA LLC, 4.25%, <br> 01/13/31<br>| &nbsp;&nbsp; 11105 | 11204501 |
| Valero Energy Corp. |  |  |
| 2.15%, 09/15/27 | &nbsp;&nbsp; 2406 | 2343396 |
| 4.00%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3175 | 3175568 |
| 4.35%, 06/01/28 | &nbsp;&nbsp; 3786 | 3817708 |
| 5.15%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4295 | 4451527 |
| Var Energi ASA |  |  |
| 5.00%, 05/18/27<sup>(b)</sup> | &nbsp;&nbsp; 2930 | 2956953 |
| 5.88%, 05/22/30<sup>(b)</sup> | &nbsp;&nbsp; 4390 | 4609300 |
| 7.50%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 5781 | 6108960 |
| Viper Energy Partners LLC, 4.90%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3360 | 3428040 |
| Woodside Finance Ltd. |  |  |
| 3.70%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp; 4650 | 4620648 |
| 4.50%, 03/04/29<sup>(b)</sup> | &nbsp;&nbsp; 8925 | 8995914 |
| 4.90%, 05/19/28 | &nbsp;&nbsp; 3265 | 3324622 |
| 5.40%, 05/19/30 | &nbsp;&nbsp; 7835 | 8128498 |
|  |  | 775192226 |
| **Oil & Gas Services — 0.2%** | **Oil & Gas Services — 0.2%** | **Oil & Gas Services — 0.2%** |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc.<br>|  |  |
| 3.14%, 11/07/29<sup>(a)</sup> | &nbsp;&nbsp; 3890 | 3793858 |
| 3.34%, 12/15/27 | &nbsp;&nbsp; 7670 | 7608822 |
| 4.49%, 05/01/30 | &nbsp;&nbsp; 2190 | 2226705 |
| Halliburton Co., 2.92%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5507 | 5275611 |
| NOV, Inc., 3.60%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3770 | 3699091 |
| Schlumberger Holdings Corp. |  |  |
| 2.65%, 06/26/30<sup>(b)</sup> | &nbsp;&nbsp; 4680 | 4440469 |
| 3.90%, 05/17/28<sup>(b)</sup> | &nbsp;&nbsp; 10905 | 10911228 |
| 4.30%, 05/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6315 | 6389500 |
| 4.50%, 05/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1107 | 1119974 |
| 5.00%, 05/29/27<sup>(b)</sup> | &nbsp;&nbsp; 2650 | 2686856 |
| 5.00%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 575 | 594793 |
| Schlumberger Investment SA, 2.65%, <br> 06/26/30<sup>(a)</sup><br>| &nbsp;&nbsp; 2225 | 2111120 |
|  |  | 50858027 |
| **Packaging & Containers — 0.3%** | **Packaging & Containers — 0.3%** | **Packaging & Containers — 0.3%** |
| Amcor Finance USA, Inc., 4.50%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2900 | 2928927 |
| Amcor Flexibles North America, Inc. |  |  |
| 2.63%, 06/19/30<sup>(a)</sup> | &nbsp;&nbsp; 2285 | 2147115 |
| 4.80%, 03/17/28 | &nbsp;&nbsp; 3935 | 4007574 |
| 5.10%, 03/17/30<sup>(a)</sup> | &nbsp;&nbsp; 5060 | 5237055 |
| Amcor Group Finance PLC, 5.45%, 05/23/29 | &nbsp;&nbsp; 3865 | 4025947 |
| Berry Global, Inc., 5.50%, 04/15/28 | &nbsp;&nbsp; 3170 | 3270346 |
| CCL Industries, Inc., 3.05%, 06/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3710 | 3514972 |
| Packaging Corp. of America |  |  |
| 3.00%, 12/15/29 | &nbsp;&nbsp; 3185 | 3071400 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| 3.40%, 12/15/27 | &nbsp;&nbsp; $2568 | $2548240 |
| Smurfit Kappa Treasury ULC, 5.20%, 01/15/30 | &nbsp;&nbsp; 4580 | 4742295 |
| Sonoco Products Co. |  |  |
| 3.13%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2605 | 2489857 |
| 4.60%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 4205 | 4263541 |
| WestRock MWV LLC |  |  |
| 7.95%, 02/15/31 | &nbsp;&nbsp; 55 | 63442 |
| 8.20%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2540 | 2906411 |
| WRKCo, Inc. |  |  |
| 3.90%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1535 | 1533620 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 3545 | 3551022 |
| 4.90%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5060 | 5178080 |
|  |  | 55479844 |
| **Pharmaceuticals — 3.4%** | **Pharmaceuticals — 3.4%** | **Pharmaceuticals — 3.4%** |
| AbbVie, Inc. |  |  |
| 3.20%, 11/21/29 | &nbsp;&nbsp; 31415 | 30685539 |
| 3.78%, 03/03/28 | &nbsp;&nbsp; 5820 | 5827704 |
| 4.13%, 03/15/31 | &nbsp;&nbsp; 4345 | 4358808 |
| 4.25%, 11/14/28<sup>(a)</sup> | &nbsp;&nbsp; 9836 | 9957179 |
| 4.65%, 03/15/28 | &nbsp;&nbsp; 7315 | 7443745 |
| 4.80%, 03/15/27 | &nbsp;&nbsp; 11990 | 12102019 |
| 4.80%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 16489 | 16940733 |
| 4.88%, 03/15/30 | &nbsp;&nbsp; 6335 | 6550630 |
| Astrazeneca Finance LLC |  |  |
| 1.75%, 05/28/28 | &nbsp;&nbsp; 7909 | 7571843 |
| 4.00%, 03/02/31 | &nbsp;&nbsp; 2440 | 2441385 |
| 4.85%, 02/26/29<sup>(a)</sup> | &nbsp;&nbsp; 7202 | 7420797 |
| 4.88%, 03/03/28 | &nbsp;&nbsp; 6505 | 6648913 |
| 4.90%, 03/03/30 | &nbsp;&nbsp; 4090 | 4239845 |
| 4.90%, 02/26/31<sup>(a)</sup> | &nbsp;&nbsp; 2225 | 2314468 |
| AstraZeneca PLC |  |  |
| 1.38%, 08/06/30 | &nbsp;&nbsp; 8825 | 7918459 |
| 3.13%, 06/12/27 | &nbsp;&nbsp; 3917 | 3894785 |
| 4.00%, 01/17/29<sup>(a)</sup> | &nbsp;&nbsp; 5820 | 5859925 |
| Bayer Corp., 6.65%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp; 2685 | 2812842 |
| Bayer U.S. Finance II LLC, 4.38%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp; 19879 | 19950258 |
| Bayer U.S. Finance LLC |  |  |
| 6.25%, 01/21/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5695 | 6010538 |
| 6.38%, 11/21/30<sup>(b)</sup> | &nbsp;&nbsp; 7210 | 7765834 |
| Becton Dickinson & Co. |  |  |
| 1.96%, 02/11/31 | &nbsp;&nbsp; 2160 | 1941997 |
| 2.82%, 05/20/30<sup>(a)</sup> | &nbsp;&nbsp; 4920 | 4679560 |
| 3.70%, 06/06/27 | &nbsp;&nbsp; 9664 | 9629415 |
| 4.69%, 02/13/28<sup>(a)</sup> | &nbsp;&nbsp; 4878 | 4944684 |
| 4.87%, 02/08/29<sup>(a)</sup> | &nbsp;&nbsp; 3755 | 3847550 |
| Bristol-Myers Squibb Co. |  |  |
| 1.13%, 11/13/27<sup>(a)</sup> | &nbsp;&nbsp; 5145 | 4937599 |
| 1.45%, 11/13/30 | &nbsp;&nbsp; 8680 | 7753726 |
| 3.40%, 07/26/29 | &nbsp;&nbsp; 9230 | 9100818 |
| 3.45%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2905 | 2899320 |
| 3.90%, 02/20/28<sup>(a)</sup> | &nbsp;&nbsp; 50 | 50241 |
| 4.90%, 02/22/29<sup>(a)</sup> | &nbsp;&nbsp; 405 | 418373 |
| 5.10%, 02/22/31 | &nbsp;&nbsp; 5390 | 5637190 |
| 5.75%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 4255 | 4573510 |
| Cardinal Health, Inc. |  |  |
| 3.41%, 06/15/27 | &nbsp;&nbsp; 5892 | 5856959 |
| 4.50%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3695 | 3748452 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 5255 | 5417346 |
| 5.13%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4060 | 4187543 |
| Cencora, Inc. |  |  |
| 2.80%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2760 | 2621828 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 3.45%, 12/15/27 | &nbsp;&nbsp; $4035 | $4004753 |
| 3.95%, 02/13/29 | &nbsp;&nbsp; 2730 | 2731159 |
| 4.25%, 11/15/30 | &nbsp;&nbsp; 940 | 943569 |
| 4.63%, 12/15/27 | &nbsp;&nbsp; 2705 | 2738830 |
| 4.85%, 12/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3870 | 3982055 |
| CVS Health Corp. |  |  |
| 1.30%, 08/21/27 | &nbsp;&nbsp; 13071 | 12584951 |
| 1.75%, 08/21/30 | &nbsp;&nbsp; 7130 | 6409272 |
| 3.25%, 08/15/29 | &nbsp;&nbsp; 9970 | 9700868 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 4050 | 4037714 |
| 3.75%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 10680 | 10513297 |
| 4.30%, 03/25/28 | &nbsp;&nbsp; 29096 | 29266878 |
| 5.00%, 01/30/29<sup>(a)</sup> | &nbsp;&nbsp; 5740 | 5891222 |
| 5.13%, 02/21/30<sup>(a)</sup> | &nbsp;&nbsp; 9170 | 9458152 |
| 5.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 1923 | 2004209 |
| 5.40%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 6255 | 6502661 |
| 6.25%, 06/01/27<sup>(a)</sup> | &nbsp;&nbsp; 2007 | 2063437 |
| Eli Lilly & Co. |  |  |
| 3.10%, 05/15/27 | &nbsp;&nbsp; 1578 | 1568828 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 5860 | 5805768 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 6355 | 6414506 |
| 4.15%, 08/14/27<sup>(a)</sup> | &nbsp;&nbsp; 4149 | 4179072 |
| 4.20%, 08/14/29 | &nbsp;&nbsp; 6260 | 6346169 |
| 4.50%, 02/09/29 | &nbsp;&nbsp; 5613 | 5740422 |
| 4.55%, 02/12/28<sup>(a)</sup> | &nbsp;&nbsp; 7140 | 7257892 |
| 4.75%, 02/12/30 | &nbsp;&nbsp; 7680 | 7936142 |
| 5.50%, 03/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1835 | 1869934 |
| EMD Finance LLC |  |  |
| 4.13%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp; 3810 | 3828749 |
| 4.38%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 6510 | 6565654 |
| GlaxoSmithKline Capital PLC |  |  |
| 3.38%, 06/01/29 | &nbsp;&nbsp; 6895 | 6804894 |
| 4.32%, 03/12/27<sup>(a)</sup> | &nbsp;&nbsp; 1890 | 1902938 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 3.88%, 05/15/28 | &nbsp;&nbsp; 9926 | 9967522 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 5695 | 5824058 |
| Johnson & Johnson |  |  |
| 0.95%, 09/01/27<sup>(a)</sup> | &nbsp;&nbsp; 7900 | 7609157 |
| 1.30%, 09/01/30 | &nbsp;&nbsp; 9655 | 8720166 |
| 2.90%, 01/15/28 | &nbsp;&nbsp; 9202 | 9104761 |
| 2.95%, 03/03/27<sup>(a)</sup> | &nbsp;&nbsp; 5273 | 5242722 |
| 4.50%, 03/01/27 | &nbsp;&nbsp; 4080 | 4119677 |
| 4.55%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 4855 | 4947634 |
| 4.70%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6400 | 6633741 |
| 4.80%, 06/01/29 | &nbsp;&nbsp; 4645 | 4808988 |
| 6.95%, 09/01/29 | &nbsp;&nbsp; 3975 | 4400017 |
| McKesson Corp. |  |  |
| 3.95%, 02/16/28 | &nbsp;&nbsp; 2068 | 2072440 |
| 4.25%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3564 | 3602092 |
| 4.65%, 05/30/30 | &nbsp;&nbsp; 5280 | 5404935 |
| 4.90%, 07/15/28 | &nbsp;&nbsp; 2545 | 2610174 |
| Merck & Co., Inc. |  |  |
| 1.45%, 06/24/30 | &nbsp;&nbsp; 8100 | 7337432 |
| 1.70%, 06/10/27<sup>(a)</sup> | &nbsp;&nbsp; 7801 | 7623142 |
| 1.90%, 12/10/28<sup>(a)</sup> | &nbsp;&nbsp; 4790 | 4573358 |
| 3.40%, 03/07/29 | &nbsp;&nbsp; 11222 | 11118998 |
| 3.85%, 09/15/27 | &nbsp;&nbsp; 4140 | 4160630 |
| 3.85%, 03/15/29 | &nbsp;&nbsp; 4180 | 4196782 |
| 4.05%, 05/17/28<sup>(a)</sup> | &nbsp;&nbsp; 2134 | 2150963 |
| 4.15%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4380 | 4427837 |
| 4.30%, 05/17/30 | &nbsp;&nbsp; 5169 | 5250888 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| Merck Sharp & Dohme Corp. |  |  |
| 5.95%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; $2930 | $3096411 |
| 6.40%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1885 | 1979080 |
| Mylan, Inc., 4.55%, 04/15/28 | &nbsp;&nbsp; 4350 | 4372135 |
| Novartis Capital Corp. |  |  |
| 2.20%, 08/14/30 | &nbsp;&nbsp; 8976 | 8368371 |
| 3.10%, 05/17/27 | &nbsp;&nbsp; 5256 | 5226434 |
| 3.80%, 09/18/29 | &nbsp;&nbsp; 6935 | 6938694 |
| 3.90%, 11/05/28 | &nbsp;&nbsp; 4365 | 4387052 |
| 4.10%, 11/05/30 | &nbsp;&nbsp; 11385 | 11460049 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 4.45%, 05/19/28 | &nbsp;&nbsp; 23722 | 24071185 |
| 4.65%, 05/19/30 | &nbsp;&nbsp; 18258 | 18719369 |
| Pfizer, Inc. |  |  |
| 1.70%, 05/28/30 | &nbsp;&nbsp; 6705 | 6137699 |
| 2.63%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 8100 | 7707989 |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 10675 | 10601633 |
| 3.60%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4480 | 4477703 |
| 3.88%, 11/15/27 | &nbsp;&nbsp; 2265 | 2275903 |
| 4.20%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4995 | 5046044 |
| Sanofi SA |  |  |
| 3.63%, 06/19/28 | &nbsp;&nbsp; 5605 | 5606719 |
| 3.75%, 11/03/27 | &nbsp;&nbsp; 1760 | 1764881 |
| 3.80%, 11/03/28 | &nbsp;&nbsp; 3135 | 3139921 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| 2.05%, 03/31/30 | &nbsp;&nbsp; 15255 | 14086163 |
| 5.00%, 11/26/28<sup>(a)</sup> | &nbsp;&nbsp; 9907 | 10151021 |
| Viatris, Inc. |  |  |
| 2.30%, 06/22/27<sup>(a)</sup> | &nbsp;&nbsp; 4212 | 4108023 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 8400 | 7756279 |
| Zoetis, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 4503 | 4159665 |
| 3.00%, 09/12/27 | &nbsp;&nbsp; 4040 | 3992138 |
| 3.90%, 08/20/28<sup>(a)</sup> | &nbsp;&nbsp; 3349 | 3353435 |
| 4.15%, 08/17/28 | &nbsp;&nbsp; 4565 | 4599745 |
|  |  | 763508210 |
| **Pipelines — 2.8%** | **Pipelines — 2.8%** | **Pipelines — 2.8%** |
| Abu Dhabi Crude Oil Pipeline LLC, 3.65%, <br> 11/02/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5805 | 5703516 |
| Boardwalk Pipelines LP |  |  |
| 3.40%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2185 | 2087578 |
| 4.45%, 07/15/27 | &nbsp;&nbsp; 2745 | 2756762 |
| 4.80%, 05/03/29<sup>(a)</sup> | &nbsp;&nbsp; 2975 | 3034708 |
| Cheniere Corpus Christi Holdings LLC |  |  |
| 3.70%, 11/15/29 | &nbsp;&nbsp; 6450 | 6361380 |
| 5.13%, 06/30/27 | &nbsp;&nbsp; 6734 | 6797701 |
| Cheniere Energy Partners LP, 4.50%, 10/01/29 | &nbsp;&nbsp; 14410 | 14495656 |
| Cheniere Energy, Inc., 4.63%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 9492 | 9488609 |
| Colonial Enterprises, Inc., 3.25%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 3205 | 3048082 |
| Columbia Pipelines Holding Co. LLC, 6.04%, <br> 08/15/28<sup>(b)</sup><br>| &nbsp;&nbsp; 4087 | 4272168 |
| Columbia Pipelines Operating Co. LLC, 5.93%, <br> 08/15/30<sup>(b)</sup><br>| &nbsp;&nbsp; 4280 | 4572033 |
| DCP Midstream Operating LP |  |  |
| 5.13%, 05/15/29 | &nbsp;&nbsp; 4730 | 4864495 |
| 5.63%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2718 | 2770408 |
| 8.13%, 08/16/30 | &nbsp;&nbsp; 790 | 918904 |
| DT Midstream, Inc., 4.13%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 7225 | 7174218 |
| Eastern Gas Transmission & Storage, Inc., <br> 3.00%, 11/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 3190 | 3086567 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Enbridge, Inc. |  |  |
| 3.13%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; $6610 | $6391891 |
| 3.70%, 07/15/27 | &nbsp;&nbsp; 3044 | 3037438 |
| 4.20%, 11/20/28<sup>(a)</sup> | &nbsp;&nbsp; 3155 | 3174384 |
| 4.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3275 | 3307849 |
| 4.60%, 06/20/28 | &nbsp;&nbsp; 2930 | 2969367 |
| 4.90%, 06/20/30 | &nbsp;&nbsp; 4100 | 4223657 |
| 5.25%, 04/05/27 | &nbsp;&nbsp; 4185 | 4240882 |
| 5.30%, 04/05/29 | &nbsp;&nbsp; 5295 | 5488092 |
| 5.50%, 07/15/77, (3-mo. CME Term SOFR + <br> 3.68%)<sup>(c)</sup><br>| &nbsp;&nbsp; 5538 | 5561957 |
| 6.00%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4800 | 5056627 |
| 6.20%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3700 | 4005290 |
| 6.25%, 03/01/78, (3-mo. CME Term SOFR + <br> 3.90%)<sup>(c)</sup><br>| &nbsp;&nbsp; 4705 | 4794052 |
| 7.38%, 03/15/55, (5-year CMT + 3.12%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 2650 | 2827025 |
| 7.38%, 01/15/83, (5-year CMT + 3.71%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 3355 | 3472334 |
| 8.25%, 01/15/84, (5-year CMT + 3.79%)<sup>(c)</sup> | &nbsp;&nbsp; 2720 | 2929962 |
| Series 20-A, 5.75%, 07/15/80, (5-year CMT + <br> 5.31%)<sup>(c)</sup><br>| &nbsp;&nbsp; 5310 | 5404311 |
| Energy Transfer LP |  |  |
| 3.75%, 05/15/30 | &nbsp;&nbsp; 9095 | 8946706 |
| 4.00%, 10/01/27 | &nbsp;&nbsp; 4589 | 4594156 |
| 4.15%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3422 | 3431604 |
| 4.20%, 04/15/27 | &nbsp;&nbsp; 3381 | 3389861 |
| 4.40%, 03/15/27<sup>(a)</sup> | &nbsp;&nbsp; 4021 | 4033628 |
| 4.55%, 01/15/31 | &nbsp;&nbsp; 6410 | 6471429 |
| 4.95%, 05/15/28 | &nbsp;&nbsp; 3696 | 3764729 |
| 4.95%, 06/15/28 | &nbsp;&nbsp; 6434 | 6562561 |
| 5.20%, 04/01/30 | &nbsp;&nbsp; 4155 | 4320906 |
| 5.25%, 04/15/29 | &nbsp;&nbsp; 8840 | 9130064 |
| 5.25%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5862 | 6078334 |
| 5.50%, 06/01/27 | &nbsp;&nbsp; 4587 | 4656355 |
| 5.55%, 02/15/28 | &nbsp;&nbsp; 5920 | 6093848 |
| 6.00%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 4008 | 4049430 |
| 6.10%, 12/01/28 | &nbsp;&nbsp; 3171 | 3337736 |
| 6.40%, 12/01/30 | &nbsp;&nbsp; 5560 | 6055206 |
| 8.25%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1570 | 1774934 |
| Enterprise Products Operating LLC |  |  |
| 2.80%, 01/31/30 | &nbsp;&nbsp; 7170 | 6870876 |
| 3.13%, 07/31/29<sup>(a)</sup> | &nbsp;&nbsp; 7773 | 7593075 |
| 4.15%, 10/16/28 | &nbsp;&nbsp; 5651 | 5703070 |
| 4.30%, 06/20/28<sup>(a)</sup> | &nbsp;&nbsp; 6435 | 6503728 |
| 4.60%, 01/15/31 | &nbsp;&nbsp; 8260 | 8445106 |
| 5.38%, 02/15/78, (3-mo. CME Term SOFR + <br> 2.83%)<sup>(c)</sup><br>| &nbsp;&nbsp; 3400 | 3409537 |
| Series E, 5.25%, 08/16/77, (3-mo. CME Term <br> SOFR + 3.29%)<sup>(c)</sup><br>| &nbsp;&nbsp; 5900 | 5904720 |
| Florida Gas Transmission Co. LLC, 2.55%, <br> 07/01/30<sup>(b)</sup><br>| &nbsp;&nbsp; 2930 | 2746441 |
| Galaxy Pipeline Assets Bidco Ltd., 1.75%, <br> 09/30/27<sup>(b)</sup><br>| &nbsp;&nbsp; 133 | 130667 |
| GNL Quintero SA, 4.63%, 07/31/29<sup>(b)</sup> | &nbsp;&nbsp; 698 | 701993 |
| Gray Oak Pipeline LLC, 3.45%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp; 2360 | 2334502 |
| Kinder Morgan, Inc. |  |  |
| 2.00%, 02/15/31 | &nbsp;&nbsp; 370 | 335215 |
| 4.30%, 03/01/28 | &nbsp;&nbsp; 8514 | 8581384 |
| 5.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 8090 | 8334099 |
| 5.10%, 08/01/29 | &nbsp;&nbsp; 3010 | 3118062 |
| 5.15%, 06/01/30 | &nbsp;&nbsp; 7660 | 7971990 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Midwest Connector Capital Co. LLC, 4.63%, <br> 04/01/29<sup>(b)</sup><br>| &nbsp;&nbsp; $4613 | $4647885 |
| MPLX LP |  |  |
| 2.65%, 08/15/30 | &nbsp;&nbsp; 9070 | 8499149 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 6873 | 6881185 |
| 4.13%, 03/01/27 | &nbsp;&nbsp; 7006 | 7010175 |
| 4.25%, 12/01/27 | &nbsp;&nbsp; 4157 | 4175525 |
| 4.80%, 02/15/29 | &nbsp;&nbsp; 4643 | 4732803 |
| 4.80%, 02/15/31 | &nbsp;&nbsp; 120 | 122504 |
| NGPL PipeCo LLC, 4.88%, 08/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3985 | 4012757 |
| Northwest Pipeline LLC, 4.00%, 04/01/27 | &nbsp;&nbsp; 2563 | 2563955 |
| ONEOK, Inc. |  |  |
| 3.10%, 03/15/30 | &nbsp;&nbsp; 5900 | 5654394 |
| 3.25%, 06/01/30 | &nbsp;&nbsp; 5805 | 5575548 |
| 3.40%, 09/01/29 | &nbsp;&nbsp; 4097 | 4006186 |
| 4.00%, 07/13/27 | &nbsp;&nbsp; 3336 | 3338617 |
| 4.25%, 09/24/27 | &nbsp;&nbsp; 4230 | 4250234 |
| 4.35%, 03/15/29 | &nbsp;&nbsp; 4060 | 4087626 |
| 4.40%, 10/15/29 | &nbsp;&nbsp; 3465 | 3494257 |
| 4.55%, 07/15/28 | &nbsp;&nbsp; 4691 | 4742071 |
| 5.38%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3465 | 3589200 |
| 5.63%, 01/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4659 | 4757749 |
| 5.65%, 11/01/28 | &nbsp;&nbsp; 4612 | 4798564 |
| 5.80%, 11/01/30 | &nbsp;&nbsp; 2870 | 3042209 |
| 6.35%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3420 | 3705145 |
| 6.50%, 09/01/30<sup>(b)</sup> | &nbsp;&nbsp; 4055 | 4377125 |
| Pipeline Funding Co. LLC, 7.50%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1938 | 1991547 |
| Plains All American Pipeline LP/PAA <br> Finance Corp.<br>|  |  |
| 3.55%, 12/15/29 | &nbsp;&nbsp; 5885 | 5771269 |
| 3.80%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4400 | 4317505 |
| 4.70%, 01/15/31 | &nbsp;&nbsp; 6295 | 6393794 |
| QazaqGaz NC JSC, 4.38%, 09/26/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4983 | 4971670 |
| Sabal Trail Transmission LLC, 4.25%, <br> 05/01/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2665 | 2661768 |
| Sabine Pass Liquefaction LLC |  |  |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 9270 | 9307574 |
| 4.50%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 11970 | 12103518 |
| 5.00%, 03/15/27 | &nbsp;&nbsp; 8894 | 8935766 |
| South Bow USA Infrastructure Holdings LLC |  |  |
| 4.91%, 09/01/27 | &nbsp;&nbsp; 3795 | 3835990 |
| 5.03%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 6399 | 6542999 |
| Targa Resources Corp. |  |  |
| 4.35%, 01/15/29 | &nbsp;&nbsp; 3720 | 3750288 |
| 4.35%, 04/15/31 | &nbsp;&nbsp; 1685 | 1685135 |
| 4.90%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4960 | 5093596 |
| 5.20%, 07/01/27<sup>(a)</sup> | &nbsp;&nbsp; 4211 | 4278576 |
| 6.15%, 03/01/29 | &nbsp;&nbsp; 6530 | 6909065 |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp.<br>|  |  |
| 4.88%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 2245 | 2273721 |
| 5.00%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4159 | 4161337 |
| 5.50%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5850 | 5955689 |
| TC PipeLines LP, 3.90%, 05/25/27 | &nbsp;&nbsp; 2817 | 2811502 |
| Tennessee Gas Pipeline Co. LLC |  |  |
| 2.90%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp; 5410 | 5172340 |
| 7.00%, 03/15/27 | &nbsp;&nbsp; 1787 | 1844037 |
| 7.00%, 10/15/28 | &nbsp;&nbsp; 2400 | 2581680 |
| Texas Eastern Transmission LP, 3.50%, <br> 01/15/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2621 | 2597259 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| TransCanada PipeLines Ltd. |  |  |
| 4.10%, 04/15/30 | &nbsp;&nbsp; $8330 | $8316305 |
| 4.25%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp; 7847 | 7892520 |
| 7.00%, 06/01/65, (5-year CMT + 2.61%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 3860 | 4014265 |
| Transcanada Trust |  |  |
| 5.30%, 03/15/77<sup>(a)(c)</sup> | &nbsp;&nbsp; 8410 | 8442631 |
| 5.50%, 09/15/79, (1-day SOFR + 4.42%)<sup>(c)</sup> | &nbsp;&nbsp; 5370 | 5428318 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| 3.25%, 05/15/30 | &nbsp;&nbsp; 3470 | 3357597 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 2580 | 2585017 |
| Transportadora de Gas del Peru SA, 4.25%, <br> 04/30/28<sup>(b)</sup><br>| &nbsp;&nbsp; 357 | 356947 |
| Transportadora de Gas Internacional SA ESP, <br> 5.55%, 11/01/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2845 | 2896017 |
| Valero Energy Partners LP, 4.50%, 03/15/28 | &nbsp;&nbsp; 2965 | 2994098 |
| Western Midstream Operating LP |  |  |
| 4.05%, 02/01/30 | &nbsp;&nbsp; 6375 | 6297491 |
| 4.50%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2536 | 2555118 |
| 4.75%, 08/15/28 | &nbsp;&nbsp; 2302 | 2335793 |
| 4.80%, 03/01/31 | &nbsp;&nbsp; 1305 | 1316055 |
| 6.35%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3410 | 3603423 |
| 7.25%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp; 265 | 280894 |
| Whistler Pipeline LLC, 5.40%, 09/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2780 | 2885931 |
| Williams Companies, Inc.(The) |  |  |
| 3.50%, 11/15/30 | &nbsp;&nbsp; 6400 | 6201382 |
| 3.75%, 06/15/27 | &nbsp;&nbsp; 8207 | 8188939 |
| 4.63%, 06/30/30 | &nbsp;&nbsp; 5140 | 5228604 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 2725 | 2793023 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 7320 | 7510205 |
| 5.30%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5927 | 6119378 |
| Series A, 7.50%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 830 | 948675 |
|  |  | 634254969 |
| **Private Equity — 0.1%** | **Private Equity — 0.1%** | **Private Equity — 0.1%** |
| Apollo Management Holdings LP |  |  |
| 2.65%, 06/05/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2855 | 2661817 |
| 4.87%, 02/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4287 | 4352310 |
| Carlyle Finance Subsidiary LLC, 3.50%, <br> 09/19/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2985 | 2911115 |
| KKR Group Finance Co. VI LLC, 3.75%, <br> 07/01/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5102 | 5021495 |
|  |  | 14946737 |
| **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** |
| CBRE Services, Inc. |  |  |
| 4.80%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3905 | 3983458 |
| 5.50%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3465 | 3598952 |
| CoStar Group, Inc., 2.80%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 5690 | 5230477 |
| Jones Lang LaSalle, Inc., 6.88%, 12/01/28 | &nbsp;&nbsp; 1880 | 2010172 |
| Mitsui Fudosan Co. Ltd. |  |  |
| 3.65%, 07/20/27<sup>(b)</sup> | &nbsp;&nbsp; 595 | 591957 |
| 3.95%, 01/24/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 475 | 473144 |
| Ontario Teachers' Cadillac Fairview <br> Properties Trust<br>|  |  |
| 3.88%, 03/20/27<sup>(b)</sup> | &nbsp;&nbsp; 6691 | 6686994 |
| 4.13%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 1075 | 1076821 |
|  |  | 23651975 |
| **Real Estate Investment Trusts — 3.6%** | **Real Estate Investment Trusts — 3.6%** | **Real Estate Investment Trusts — 3.6%** |
| Agree LP |  |  |
| 2.00%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2307 | 2211648 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 1535 | 1451446 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Alexandria Real Estate Equities, Inc. |  |  |
| 2.75%, 12/15/29 | &nbsp;&nbsp; $2755 | $2614194 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 3078 | 3070928 |
| 4.50%, 07/30/29 | &nbsp;&nbsp; 1520 | 1531839 |
| 4.70%, 07/01/30 | &nbsp;&nbsp; 2525 | 2563670 |
| 4.90%, 12/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3880 | 3959013 |
| American Assets Trust LP, 3.38%, 02/01/31 | &nbsp;&nbsp; 2820 | 2596835 |
| American Homes 4 Rent LP |  |  |
| 4.25%, 02/15/28 | &nbsp;&nbsp; 3425 | 3431782 |
| 4.90%, 02/15/29 | &nbsp;&nbsp; 2675 | 2725104 |
| 4.95%, 06/15/30 | &nbsp;&nbsp; 3810 | 3887820 |
| American Tower Corp. |  |  |
| 1.50%, 01/31/28 | &nbsp;&nbsp; 4230 | 4043542 |
| 1.88%, 10/15/30 | &nbsp;&nbsp; 5180 | 4676929 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 2265 | 2079681 |
| 2.90%, 01/15/30 | &nbsp;&nbsp; 4511 | 4310441 |
| 3.55%, 07/15/27 | &nbsp;&nbsp; 4122 | 4101206 |
| 3.60%, 01/15/28 | &nbsp;&nbsp; 4167 | 4136556 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 3549 | 3536822 |
| 3.80%, 08/15/29 | &nbsp;&nbsp; 10303 | 10219651 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 4414 | 4399827 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 5675 | 5831784 |
| 5.00%, 01/31/30 | &nbsp;&nbsp; 3550 | 3655965 |
| 5.20%, 02/15/29 | &nbsp;&nbsp; 3915 | 4042524 |
| 5.25%, 07/15/28 | &nbsp;&nbsp; 3957 | 4071184 |
| 5.50%, 03/15/28 | &nbsp;&nbsp; 3576 | 3678756 |
| 5.80%, 11/15/28 | &nbsp;&nbsp; 4535 | 4739350 |
| AvalonBay Communities, Inc. |  |  |
| 1.90%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3258 | 3096832 |
| 2.30%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3849 | 3606120 |
| 2.45%, 01/15/31 | &nbsp;&nbsp; 3311 | 3068933 |
| 3.20%, 01/15/28 | &nbsp;&nbsp; 2550 | 2525188 |
| 3.30%, 06/01/29 | &nbsp;&nbsp; 1320 | 1296060 |
| 3.35%, 05/15/27 | &nbsp;&nbsp; 2342 | 2330630 |
| 4.35%, 12/01/30 | &nbsp;&nbsp; 2915 | 2943812 |
| Boston Properties LP |  |  |
| 2.90%, 03/15/30 | &nbsp;&nbsp; 3460 | 3265003 |
| 3.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 7472 | 7038060 |
| 3.40%, 06/21/29 | &nbsp;&nbsp; 5295 | 5156895 |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 6195 | 6247107 |
| 6.75%, 12/01/27 | &nbsp;&nbsp; 4215 | 4398292 |
| Brixmor Operating Partnership LP |  |  |
| 2.25%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2210 | 2133160 |
| 3.90%, 03/15/27 | &nbsp;&nbsp; 2254 | 2251011 |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 4655 | 4613301 |
| 4.13%, 05/15/29<sup>(a)</sup> | &nbsp;&nbsp; 4725 | 4733081 |
| Camden Property Trust |  |  |
| 2.80%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3605 | 3428199 |
| 3.15%, 07/01/29 | &nbsp;&nbsp; 4350 | 4234715 |
| 4.10%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3265 | 3282743 |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3020 | 2851067 |
| 4.50%, 10/15/30 | &nbsp;&nbsp; 2240 | 2249779 |
| Cousins Properties LP, 5.25%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3300 | 3410718 |
| Crown Castle, Inc. |  |  |
| 2.25%, 01/15/31 | &nbsp;&nbsp; 6340 | 5731269 |
| 2.90%, 03/15/27 | &nbsp;&nbsp; 4153 | 4107729 |
| 3.10%, 11/15/29 | &nbsp;&nbsp; 3425 | 3288643 |
| 3.30%, 07/01/30 | &nbsp;&nbsp; 4145 | 3970041 |
| 3.65%, 09/01/27 | &nbsp;&nbsp; 5282 | 5255840 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 6121 | 6094240 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.00%, 03/01/27 | &nbsp;&nbsp; $2738 | $2738019 |
| 4.30%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3828 | 3847435 |
| 4.80%, 09/01/28 | &nbsp;&nbsp; 3880 | 3944375 |
| 4.90%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3590 | 3660589 |
| 5.00%, 01/11/28 | &nbsp;&nbsp; 5670 | 5769120 |
| 5.60%, 06/01/29 | &nbsp;&nbsp; 4574 | 4764793 |
| CTR Partnership LP/CareTrust Capital Corp., <br> 3.88%, 06/30/28<sup>(b)</sup><br>| &nbsp;&nbsp; 720 | 704183 |
| CubeSmart LP |  |  |
| 2.00%, 02/15/31 | &nbsp;&nbsp; 2310 | 2066097 |
| 2.25%, 12/15/28 | &nbsp;&nbsp; 3265 | 3111840 |
| 3.00%, 02/15/30 | &nbsp;&nbsp; 2120 | 2031378 |
| 4.38%, 02/15/29 | &nbsp;&nbsp; 2055 | 2070730 |
| Digital Realty Trust LP |  |  |
| 3.60%, 07/01/29 | &nbsp;&nbsp; 5840 | 5763586 |
| 3.70%, 08/15/27 | &nbsp;&nbsp; 5609 | 5586892 |
| 4.45%, 07/15/28 | &nbsp;&nbsp; 4355 | 4399924 |
| 5.55%, 01/15/28 | &nbsp;&nbsp; 5575 | 5737091 |
| DOC DR LLC |  |  |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 2447 | 2444038 |
| 4.30%, 03/15/27 | &nbsp;&nbsp; 915 | 916816 |
| EPR Properties |  |  |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 2390 | 2331441 |
| 4.50%, 06/01/27<sup>(a)</sup> | &nbsp;&nbsp; 2595 | 2599569 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 2750 | 2758092 |
| 4.95%, 04/15/28 | &nbsp;&nbsp; 2205 | 2230804 |
| Equinix Asia Financing Corp. Pte Ltd., 4.40%, <br> 03/15/31<br>| &nbsp;&nbsp; 4915 | 4911315 |
| Equinix Europe 2 Financing Corp. LLC, 4.60%, <br> 11/15/30<br>| &nbsp;&nbsp; 7770 | 7862545 |
| Equinix, Inc. |  |  |
| 1.55%, 03/15/28 | &nbsp;&nbsp; 4252 | 4054988 |
| 1.80%, 07/15/27 | &nbsp;&nbsp; 2650 | 2574062 |
| 2.00%, 05/15/28 | &nbsp;&nbsp; 1737 | 1665060 |
| 2.15%, 07/15/30 | &nbsp;&nbsp; 6605 | 6045828 |
| 3.20%, 11/18/29 | &nbsp;&nbsp; 7655 | 7398786 |
| ERP Operating LP |  |  |
| 2.50%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3810 | 3612207 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 3415 | 3317943 |
| 3.25%, 08/01/27 | &nbsp;&nbsp; 2115 | 2100070 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 2680 | 2662203 |
| 4.15%, 12/01/28 | &nbsp;&nbsp; 3468 | 3490950 |
| Essex Portfolio LP |  |  |
| 1.65%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1940 | 1712363 |
| 1.70%, 03/01/28 | &nbsp;&nbsp; 3350 | 3209444 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 3360 | 3218816 |
| 3.63%, 05/01/27 | &nbsp;&nbsp; 1911 | 1905379 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 3205 | 3198707 |
| Extra Space Storage LP |  |  |
| 2.20%, 10/15/30 | &nbsp;&nbsp; 2240 | 2047678 |
| 3.88%, 12/15/27 | &nbsp;&nbsp; 2780 | 2777691 |
| 3.90%, 04/01/29 | &nbsp;&nbsp; 2710 | 2696272 |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 2180 | 2173190 |
| 5.50%, 07/01/30 | &nbsp;&nbsp; 5965 | 6240621 |
| 5.70%, 04/01/28 | &nbsp;&nbsp; 4700 | 4854294 |
| 5.90%, 01/15/31 | &nbsp;&nbsp; 3170 | 3376809 |
| Federal Realty OP LP |  |  |
| 3.20%, 06/15/29 | &nbsp;&nbsp; 2705 | 2633282 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 2679 | 2655376 |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 2050 | 1992500 |
| 5.38%, 05/01/28 | &nbsp;&nbsp; 2730 | 2804669 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| First Industrial LP, 5.25%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; $2560 | $2632358 |
| Global Net Lease, Inc., 4.50%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp; 2860 | 2812211 |
| Global Net Lease, Inc./Global Net Lease <br> Operating Partnership LP, 3.75%, <br> 12/15/27<sup>(b)</sup><br>| &nbsp;&nbsp; 300 | 292896 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 4.00%, 01/15/30 | &nbsp;&nbsp; 4315 | 4213012 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 3990 | 3845322 |
| 5.30%, 01/15/29 | &nbsp;&nbsp; 3900 | 3981097 |
| 5.75%, 06/01/28 | &nbsp;&nbsp; 2655 | 2721102 |
| Goodman U.S. Finance Three LLC, 3.70%, <br> 03/15/28<sup>(b)</sup><br>| &nbsp;&nbsp; 3100 | 3076511 |
| Healthcare Realty Holdings LP |  |  |
| 2.40%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1760 | 1632194 |
| 3.10%, 02/15/30 | &nbsp;&nbsp; 4185 | 4008148 |
| 3.63%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1735 | 1720745 |
| 3.75%, 07/01/27<sup>(a)</sup> | &nbsp;&nbsp; 2916 | 2905848 |
| Healthpeak OP LLC |  |  |
| 2.13%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3160 | 3005782 |
| 2.88%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3050 | 2856630 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 4580 | 4381891 |
| 3.50%, 07/15/29 | &nbsp;&nbsp; 4115 | 4033417 |
| Highwoods Realty LP |  |  |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 2150 | 2022577 |
| 3.88%, 03/01/27<sup>(a)</sup> | &nbsp;&nbsp; 928 | 924034 |
| 4.13%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1980 | 1967271 |
| 4.20%, 04/15/29 | &nbsp;&nbsp; 2025 | 2003560 |
| Host Hotels & Resorts LP |  |  |
| 4.25%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp; 680 | 682986 |
| Series H, 3.38%, 12/15/29 | &nbsp;&nbsp; 4175 | 4042517 |
| Series I, 3.50%, 09/15/30 | &nbsp;&nbsp; 4680 | 4483063 |
| Invitation Homes Operating Partnership LP |  |  |
| 2.30%, 11/15/28 | &nbsp;&nbsp; 4739 | 4511834 |
| 5.45%, 08/15/30 | &nbsp;&nbsp; 2625 | 2734762 |
| Kilroy Realty LP |  |  |
| 3.05%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2640 | 2459828 |
| 4.25%, 08/15/29 | &nbsp;&nbsp; 2275 | 2233763 |
| 4.75%, 12/15/28 | &nbsp;&nbsp; 2790 | 2805079 |
| Kimco Realty OP LLC |  |  |
| 1.90%, 03/01/28 | &nbsp;&nbsp; 3335 | 3214317 |
| 2.70%, 10/01/30 | &nbsp;&nbsp; 2300 | 2179690 |
| 3.80%, 04/01/27 | &nbsp;&nbsp; 2230 | 2230754 |
| Kite Realty Group Trust, 4.75%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1995 | 2033950 |
| Ladder Capital Finance Holdings LLLP/Ladder <br> Capital Finance Corp.<br>|  |  |
| 4.75%, 06/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2840 | 2812443 |
| 5.50%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3090 | 3168823 |
| Lineage OP LP, 5.25%, 07/15/30 | &nbsp;&nbsp; 2935 | 2995190 |
| LXP Industrial Trust, 2.70%, 09/15/30 | &nbsp;&nbsp; 2540 | 2355408 |
| Mid-America Apartments LP |  |  |
| 2.75%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1745 | 1665946 |
| 3.60%, 06/01/27 | &nbsp;&nbsp; 3220 | 3212250 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 4460 | 4461904 |
| 4.20%, 06/15/28 | &nbsp;&nbsp; 3390 | 3413403 |
| National Health Investors, Inc., 3.00%, <br> 02/01/31<br>| &nbsp;&nbsp; 2200 | 2017949 |
| NNN REIT, Inc. |  |  |
| 2.50%, 04/15/30 | &nbsp;&nbsp; 2590 | 2428240 |
| 3.50%, 10/15/27 | &nbsp;&nbsp; 2140 | 2127952 |
| 4.30%, 10/15/28 | &nbsp;&nbsp; 2850 | 2869358 |
| 4.60%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2945 | 2984523 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Omega Healthcare Investors, Inc. |  |  |
| 3.38%, 02/01/31 | &nbsp;&nbsp; $4080 | $3850317 |
| 3.63%, 10/01/29 | &nbsp;&nbsp; 2980 | 2903857 |
| 4.50%, 04/01/27 | &nbsp;&nbsp; 3971 | 3977157 |
| 4.75%, 01/15/28 | &nbsp;&nbsp; 3440 | 3473148 |
| 5.20%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3910 | 4010100 |
| Piedmont Operating Partnership LP |  |  |
| 3.15%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1700 | 1580272 |
| 6.88%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp; 930 | 988662 |
| Prologis LP |  |  |
| 1.25%, 10/15/30 | &nbsp;&nbsp; 3905 | 3453559 |
| 1.75%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 2400 | 2182046 |
| 1.75%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 2105 | 1883972 |
| 2.13%, 04/15/27 | &nbsp;&nbsp; 2694 | 2645272 |
| 2.25%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5760 | 5394491 |
| 2.88%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp; 2810 | 2708418 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 2210 | 2196014 |
| 3.88%, 09/15/28 | &nbsp;&nbsp; 2425 | 2426133 |
| 4.00%, 09/15/28 | &nbsp;&nbsp; 2575 | 2583490 |
| 4.38%, 02/01/29 | &nbsp;&nbsp; 1785 | 1808072 |
| 4.75%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2180 | 2249092 |
| 4.88%, 06/15/28 | &nbsp;&nbsp; 5200 | 5322737 |
| Prologis Targeted U.S. Logistics Fund LP |  |  |
| 4.25%, 01/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2365 | 2368561 |
| 5.25%, 04/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 3980 | 4113998 |
| Public Storage Operating Co. |  |  |
| 1.85%, 05/01/28 | &nbsp;&nbsp; 4245 | 4072906 |
| 1.95%, 11/09/28 | &nbsp;&nbsp; 3330 | 3174063 |
| 3.09%, 09/15/27 | &nbsp;&nbsp; 2211 | 2195010 |
| 3.39%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3630 | 3583136 |
| 4.38%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3255 | 3307931 |
| 5.13%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 3056 | 3166732 |
| Realty Income Corp. |  |  |
| 2.10%, 03/15/28 | &nbsp;&nbsp; 3570 | 3445060 |
| 2.20%, 06/15/28 | &nbsp;&nbsp; 2880 | 2774590 |
| 3.10%, 12/15/29 | &nbsp;&nbsp; 3465 | 3363371 |
| 3.20%, 02/15/31 | &nbsp;&nbsp; 1345 | 1285832 |
| 3.25%, 06/15/29 | &nbsp;&nbsp; 2980 | 2917095 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 5780 | 5546282 |
| 3.40%, 01/15/28 | &nbsp;&nbsp; 3585 | 3555063 |
| 3.40%, 01/15/30 | &nbsp;&nbsp; 3030 | 2963415 |
| 3.65%, 01/15/28 | &nbsp;&nbsp; 3364 | 3352935 |
| 3.95%, 08/15/27 | &nbsp;&nbsp; 2067 | 2071164 |
| 3.95%, 02/01/29 | &nbsp;&nbsp; 2270 | 2274970 |
| 4.00%, 07/15/29 | &nbsp;&nbsp; 2230 | 2231969 |
| 4.70%, 12/15/28 | &nbsp;&nbsp; 2342 | 2389368 |
| 4.75%, 02/15/29 | &nbsp;&nbsp; 2500 | 2555645 |
| 4.85%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3848 | 3968879 |
| Regency Centers LP |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 2500 | 2417430 |
| 3.70%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3680 | 3631228 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 2285 | 2296230 |
| Rexford Industrial Realty LP |  |  |
| 2.13%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3585 | 3248424 |
| 5.00%, 06/15/28<sup>(a)</sup> | &nbsp;&nbsp; 1967 | 2000366 |
| Sabra Health Care LP, 3.90%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1975 | 1945181 |
| Scentre Group Trust 1/Scentre Group Trust 2 |  |  |
| 3.75%, 03/23/27<sup>(b)</sup> | &nbsp;&nbsp; 2815 | 2809108 |
| 4.38%, 05/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4595 | 4654855 |
| Scentre Group Trust 2, 5.13%, 09/24/80, <br> (5-year CMT + 4.69%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 6060 | 6143071 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Simon Property Group LP |  |  |
| 1.75%, 02/01/28 | &nbsp;&nbsp; $5305 | $5109505 |
| 2.20%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 1825901 |
| 2.45%, 09/13/29 | &nbsp;&nbsp; 8177 | 7773892 |
| 2.65%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4730 | 4469751 |
| 3.38%, 06/15/27 | &nbsp;&nbsp; 4212 | 4191416 |
| 3.38%, 12/01/27 | &nbsp;&nbsp; 4110 | 4083404 |
| 4.30%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4830 | 4856671 |
| 4.38%, 10/01/30 | &nbsp;&nbsp; 4605 | 4663840 |
| Store Capital LLC |  |  |
| 2.75%, 11/18/30<sup>(a)</sup> | &nbsp;&nbsp; 1890 | 1738399 |
| 4.50%, 03/15/28 | &nbsp;&nbsp; 2650 | 2659782 |
| 4.63%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1700 | 1707847 |
| 4.95%, 02/11/31<sup>(b)</sup> | &nbsp;&nbsp; 2600 | 2623151 |
| 5.40%, 04/30/30 | &nbsp;&nbsp; 2095 | 2153654 |
| Sun Communities Operating LP, 2.30%, <br> 11/01/28<br>| &nbsp;&nbsp; 2835 | 2707841 |
| Tanger Properties LP, 3.88%, 07/15/27 | &nbsp;&nbsp; 1750 | 1745742 |
| Trust 2401, 4.87%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 585 | 578594 |
| UDR, Inc. |  |  |
| 3.20%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3755 | 3644542 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 1705 | 1695724 |
| 3.50%, 01/15/28 | &nbsp;&nbsp; 2010 | 1993706 |
| 4.40%, 01/26/29 | &nbsp;&nbsp; 2190 | 2212333 |
| Ventas Realty LP |  |  |
| 3.00%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4025 | 3858722 |
| 3.85%, 04/01/27 | &nbsp;&nbsp; 2191 | 2186840 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 4280 | 4278098 |
| 4.40%, 01/15/29 | &nbsp;&nbsp; 5135 | 5185284 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 2855 | 2917036 |
| VICI Properties LP |  |  |
| 4.75%, 02/15/28 | &nbsp;&nbsp; 7027 | 7096855 |
| 4.75%, 04/01/28 | &nbsp;&nbsp; 1705 | 1721751 |
| 4.95%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 6180 | 6282087 |
| VICI Properties LP/VICI Note Co., Inc. |  |  |
| 3.88%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 4149 | 4089759 |
| 4.13%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp; 6550 | 6397586 |
| 4.50%, 01/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 1435 | 1440413 |
| 4.63%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp; 6940 | 6933074 |
| WEA Finance LLC |  |  |
| 3.50%, 06/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4535 | 4430858 |
| 4.13%, 09/20/28<sup>(b)</sup> | &nbsp;&nbsp; 1265 | 1260126 |
| Welltower OP LLC |  |  |
| 2.05%, 01/15/29 | &nbsp;&nbsp; 2928 | 2782798 |
| 2.75%, 01/15/31 | &nbsp;&nbsp; 1440 | 1353755 |
| 3.10%, 01/15/30 | &nbsp;&nbsp; 5185 | 5013565 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 3405 | 3424364 |
| 4.25%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4803 | 4841322 |
| 4.50%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 6760 | 6884451 |
| Weyerhaeuser Co. |  |  |
| 4.00%, 11/15/29 | &nbsp;&nbsp; 5350 | 5325182 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 5105 | 5063573 |
| 6.95%, 10/01/27 | &nbsp;&nbsp; 4010 | 4193157 |
| WP Carey, Inc. |  |  |
| 3.85%, 07/15/29 | &nbsp;&nbsp; 2225 | 2207300 |
| 4.65%, 07/15/30 | &nbsp;&nbsp; 2850 | 2894789 |
|  |  | 815968480 |
| **Retail — 1.8%** | **Retail — 1.8%** | **Retail — 1.8%** |
| 7-Eleven, Inc. |  |  |
| 1.30%, 02/10/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4980 | 4732063 |
| 1.80%, 02/10/31<sup>(b)</sup> | &nbsp;&nbsp; 4000 | 3553015 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Alimentation Couche-Tard, Inc. |  |  |
| 2.95%, 01/25/30<sup>(b)</sup> | &nbsp;&nbsp; $4910 | $4699403 |
| 3.55%, 07/26/27<sup>(b)</sup> | &nbsp;&nbsp; 4614 | 4591457 |
| 4.15%, 09/29/28<sup>(b)</sup> | &nbsp;&nbsp; 3560 | 3580027 |
| AutoNation, Inc. |  |  |
| 1.95%, 08/01/28 | &nbsp;&nbsp; 1950 | 1857014 |
| 3.80%, 11/15/27 | &nbsp;&nbsp; 1450 | 1444647 |
| 4.45%, 01/15/29 | &nbsp;&nbsp; 2785 | 2805873 |
| 4.75%, 06/01/30 | &nbsp;&nbsp; 2895 | 2936682 |
| AutoZone, Inc. |  |  |
| 1.65%, 01/15/31 | &nbsp;&nbsp; 2792 | 2474961 |
| 3.75%, 06/01/27 | &nbsp;&nbsp; 2256 | 2251416 |
| 3.75%, 04/18/29 | &nbsp;&nbsp; 3045 | 3018990 |
| 4.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4480 | 4460625 |
| 4.50%, 02/01/28 | &nbsp;&nbsp; 2355 | 2381303 |
| 5.10%, 07/15/29 | &nbsp;&nbsp; 4132 | 4263688 |
| 5.13%, 06/15/30 | &nbsp;&nbsp; 3920 | 4062994 |
| 6.25%, 11/01/28 | &nbsp;&nbsp; 2482 | 2621546 |
| Best Buy Co., Inc. |  |  |
| 1.95%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4335 | 3917916 |
| 4.45%, 10/01/28 | &nbsp;&nbsp; 2542 | 2569506 |
| CK Hutchison International 24 II Ltd., 4.38%, <br> 03/13/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2630 | 2666989 |
| CK Hutchison International 24 Ltd., 5.38%, <br> 04/26/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6770 | 7038292 |
| CK Hutchison International 25 Ltd., 4.25%, <br> 09/26/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2500 | 2522482 |
| Costco Wholesale Corp. |  |  |
| 1.38%, 06/20/27 | &nbsp;&nbsp; 6955 | 6757800 |
| 1.60%, 04/20/30 | &nbsp;&nbsp; 10457 | 9573139 |
| 3.00%, 05/18/27<sup>(a)</sup> | &nbsp;&nbsp; 2820 | 2802761 |
| Darden Restaurants, Inc. |  |  |
| 3.85%, 05/01/27 | &nbsp;&nbsp; 2240 | 2235945 |
| 4.35%, 10/15/27 | &nbsp;&nbsp; 1575 | 1585792 |
| 4.55%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp; 2920 | 2959718 |
| Dick's Sporting Goods, Inc., 4.00%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 2110 | 2088612 |
| Dollar General Corp. |  |  |
| 3.50%, 04/03/30<sup>(a)</sup> | &nbsp;&nbsp; 5550 | 5399914 |
| 4.13%, 05/01/28 | &nbsp;&nbsp; 2541 | 2550656 |
| 5.20%, 07/05/28<sup>(a)</sup> | &nbsp;&nbsp; 2875 | 2948420 |
| Dollar Tree, Inc., 4.20%, 05/15/28 | &nbsp;&nbsp; 7005 | 7030502 |
| Genuine Parts Co. |  |  |
| 1.88%, 11/01/30 | &nbsp;&nbsp; 2725 | 2403790 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 5210 | 5277833 |
| 6.50%, 11/01/28<sup>(a)</sup> | &nbsp;&nbsp; 1952 | 2049923 |
| Home Depot, Inc.(The) |  |  |
| 0.90%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2527 | 2394418 |
| 1.50%, 09/15/28 | &nbsp;&nbsp; 5640 | 5351665 |
| 2.50%, 04/15/27 | &nbsp;&nbsp; 3615 | 3571969 |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 8530 | 8146321 |
| 2.80%, 09/14/27<sup>(a)</sup> | &nbsp;&nbsp; 5402 | 5334149 |
| 2.88%, 04/15/27 | &nbsp;&nbsp; 3577 | 3545238 |
| 2.95%, 06/15/29 | &nbsp;&nbsp; 10492 | 10229536 |
| 3.75%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2845 | 2858166 |
| 3.90%, 12/06/28<sup>(a)</sup> | &nbsp;&nbsp; 5496 | 5525665 |
| 3.95%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3575 | 3590540 |
| 4.75%, 06/25/29<sup>(a)</sup> | &nbsp;&nbsp; 7594 | 7820504 |
| 4.88%, 06/25/27 | &nbsp;&nbsp; 5225 | 5302351 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 4930 | 5084640 |
| InRetail Consumer, 3.25%, 03/22/28<sup>(b)</sup> | &nbsp;&nbsp; 950 | 926669 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Lowe's Companies, Inc. |  |  |
| 1.30%, 04/15/28 | &nbsp;&nbsp; $5545 | $5259603 |
| 1.70%, 09/15/28 | &nbsp;&nbsp; 4227 | 4005540 |
| 1.70%, 10/15/30 | &nbsp;&nbsp; 7165 | 6441266 |
| 3.10%, 05/03/27<sup>(a)</sup> | &nbsp;&nbsp; 6794 | 6731503 |
| 3.35%, 04/01/27 | &nbsp;&nbsp; 2454 | 2440863 |
| 3.65%, 04/05/29 | &nbsp;&nbsp; 9220 | 9145559 |
| 4.50%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7725 | 7851682 |
| 6.50%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 1950 | 2092449 |
| 6.88%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3006 | 3187595 |
| Lowe's Cos., Inc. |  |  |
| 3.95%, 10/15/27 | &nbsp;&nbsp; 4890 | 4904682 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 4815 | 4829439 |
| McDonald's Corp. |  |  |
| 2.13%, 03/01/30<sup>(a)</sup> | &nbsp;&nbsp; 4940 | 4610692 |
| 2.63%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 6000 | 5762791 |
| 3.50%, 03/01/27 | &nbsp;&nbsp; 3895 | 3883466 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 5236 | 5215192 |
| 3.60%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp; 5640 | 5576783 |
| 3.80%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 6297 | 6301235 |
| 4.40%, 02/12/31<sup>(a)</sup> | &nbsp;&nbsp; 800 | 813159 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 3830 | 3917364 |
| 4.80%, 08/14/28 | &nbsp;&nbsp; 3509 | 3590388 |
| 5.00%, 05/17/29<sup>(a)</sup> | &nbsp;&nbsp; 3240 | 3351123 |
| O'Reilly Automotive, Inc. |  |  |
| 3.60%, 09/01/27 | &nbsp;&nbsp; 3020 | 3005337 |
| 3.90%, 06/01/29<sup>(a)</sup> | &nbsp;&nbsp; 3762 | 3748969 |
| 4.20%, 04/01/30 | &nbsp;&nbsp; 3225 | 3238323 |
| 4.35%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3055 | 3083804 |
| Starbucks Corp. |  |  |
| 2.00%, 03/12/27 | &nbsp;&nbsp; 1217 | 1195485 |
| 2.25%, 03/12/30 | &nbsp;&nbsp; 4805 | 4483897 |
| 2.55%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp; 7340 | 6859474 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 4134 | 4108444 |
| 3.55%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6105 | 6038920 |
| 4.00%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp; 5063 | 5081122 |
| 4.50%, 05/15/28 | &nbsp;&nbsp; 5190 | 5253259 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 3231 | 3329341 |
| Target Corp. |  |  |
| 2.35%, 02/15/30 | &nbsp;&nbsp; 5915 | 5586874 |
| 2.65%, 09/15/30 | &nbsp;&nbsp; 1935 | 1829681 |
| 3.38%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6435 | 6365784 |
| 4.35%, 06/15/28 | &nbsp;&nbsp; 2460 | 2494691 |
| TJX Companies, Inc.(The) |  |  |
| 1.15%, 05/15/28 | &nbsp;&nbsp; 2380 | 2249677 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 3325 | 3327803 |
| Tractor Supply Co., 1.75%, 11/01/30 | &nbsp;&nbsp; 4160 | 3725968 |
| Walmart, Inc. |  |  |
| 2.38%, 09/24/29<sup>(a)</sup> | &nbsp;&nbsp; 1585 | 1519277 |
| 3.25%, 07/08/29<sup>(a)</sup> | &nbsp;&nbsp; 5200 | 5153498 |
| 3.70%, 06/26/28 | &nbsp;&nbsp; 7391 | 7410134 |
| 3.90%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4893 | 4921317 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 2265 | 2294813 |
| 4.10%, 04/28/27 | &nbsp;&nbsp; 2005 | 2018356 |
| 4.35%, 04/28/30<sup>(a)</sup> | &nbsp;&nbsp; 5127 | 5236894 |
| 5.88%, 04/05/27<sup>(a)</sup> | &nbsp;&nbsp; 875 | 896415 |
| 7.55%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5505 | 6291760 |
|  |  | 410459216 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Savings & Loans — 0.1%** | **Savings & Loans — 0.1%** | **Savings & Loans — 0.1%** |
| Nationwide Building Society |  |  |
| 3.96%, 07/18/30, (3-mo. SOFR US + <br> 2.12%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; $5141 | $5100590 |
| 4.13%, 10/18/32, (5-year USD ICE Swap + <br> 1.85%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 2440 | 2432149 |
| 4.30%, 03/08/29<sup>(b)(c)</sup> | &nbsp;&nbsp; 4512 | 4527167 |
| 4.35%, 09/30/30<sup>(b)</sup> | &nbsp;&nbsp; 4065 | 4095049 |
| 4.65%, 07/14/29, (1-day SOFR + <br> 1.06%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 4945 | 5003299 |
| 4.85%, 07/27/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4461 | 4526003 |
| 5.13%, 07/29/29<sup>(b)</sup> | &nbsp;&nbsp; 6370 | 6582498 |
|  |  | 32266755 |
| **Semiconductors — 1.9%** | **Semiconductors — 1.9%** | **Semiconductors — 1.9%** |
| Advanced Micro Devices, Inc., 4.32%, <br> 03/24/28<sup>(a)</sup><br>| &nbsp;&nbsp; 3875 | 3924066 |
| Analog Devices, Inc. |  |  |
| 1.70%, 10/01/28 | &nbsp;&nbsp; 4198 | 3988555 |
| 3.45%, 06/15/27 | &nbsp;&nbsp; 2220 | 2213477 |
| 4.25%, 06/15/28 | &nbsp;&nbsp; 4810 | 4864669 |
| 4.50%, 06/15/30 | &nbsp;&nbsp; 4415 | 4515041 |
| Applied Materials, Inc. |  |  |
| 1.75%, 06/01/30 | &nbsp;&nbsp; 4945 | 4517782 |
| 3.30%, 04/01/27<sup>(a)</sup> | &nbsp;&nbsp; 6545 | 6520977 |
| 4.00%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2980 | 2982793 |
| 4.80%, 06/15/29 | &nbsp;&nbsp; 4870 | 5017845 |
| Broadcom Corp./Broadcom Cayman Finance <br> Ltd., 3.50%, 01/15/28<br>| &nbsp;&nbsp; 3840 | 3825078 |
| Broadcom, Inc. |  |  |
| 1.95%, 02/15/28 | &nbsp;&nbsp; 4741 | 4583182 |
| 2.45%, 02/15/31 | &nbsp;&nbsp; 6460 | 5971257 |
| 4.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 4560 | 4573565 |
| 4.15%, 11/15/30 | &nbsp;&nbsp; 10610 | 10643324 |
| 4.20%, 10/15/30 | &nbsp;&nbsp; 7365 | 7406302 |
| 4.30%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4055 | 4090976 |
| 4.35%, 02/15/30 | &nbsp;&nbsp; 8690 | 8797877 |
| 4.60%, 07/15/30 | &nbsp;&nbsp; 10890 | 11134723 |
| 4.75%, 04/15/29 | &nbsp;&nbsp; 9565 | 9787005 |
| 4.80%, 04/15/28 | &nbsp;&nbsp; 7060 | 7204877 |
| 5.00%, 04/15/30 | &nbsp;&nbsp; 3610 | 3732739 |
| 5.05%, 07/12/27<sup>(a)</sup> | &nbsp;&nbsp; 2762 | 2807804 |
| 5.05%, 07/12/29 | &nbsp;&nbsp; 13420 | 13885480 |
| 5.05%, 04/15/30 | &nbsp;&nbsp; 6160 | 6385097 |
| Foundry JV Holdco LLC |  |  |
| 5.50%, 01/25/31<sup>(b)</sup> | &nbsp;&nbsp; 5800 | 6052465 |
| 5.90%, 01/25/30<sup>(b)</sup> | &nbsp;&nbsp; 6470 | 6827970 |
| Intel Corp. |  |  |
| 1.60%, 08/12/28 | &nbsp;&nbsp; 5849 | 5533441 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 11720 | 11051248 |
| 3.15%, 05/11/27 | &nbsp;&nbsp; 5892 | 5834793 |
| 3.75%, 03/25/27 | &nbsp;&nbsp; 5635 | 5625140 |
| 3.75%, 08/05/27 | &nbsp;&nbsp; 6857 | 6834735 |
| 3.90%, 03/25/30 | &nbsp;&nbsp; 9295 | 9187978 |
| 4.00%, 08/05/29 | &nbsp;&nbsp; 4530 | 4518915 |
| 4.88%, 02/10/28 | &nbsp;&nbsp; 10574 | 10741566 |
| 5.00%, 02/21/31 | &nbsp;&nbsp; 2100 | 2161218 |
| 5.13%, 02/10/30 | &nbsp;&nbsp; 7540 | 7783396 |
| KLA Corp., 4.10%, 03/15/29 | &nbsp;&nbsp; 4855 | 4884191 |
| Lam Research Corp. |  |  |
| 1.90%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5325 | 4894746 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 6121 | 6147060 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| Marvell Technology, Inc. |  |  |
| 2.45%, 04/15/28 | &nbsp;&nbsp; $4840 | $4685290 |
| 4.75%, 07/15/30 | &nbsp;&nbsp; 3095 | 3155319 |
| 4.88%, 06/22/28<sup>(a)</sup> | &nbsp;&nbsp; 2800 | 2853743 |
| 5.75%, 02/15/29 | &nbsp;&nbsp; 3050 | 3187243 |
| Microchip Technology, Inc. |  |  |
| 4.90%, 03/15/28 | &nbsp;&nbsp; 5555 | 5646916 |
| 5.05%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 6482 | 6651784 |
| 5.05%, 02/15/30 | &nbsp;&nbsp; 5677 | 5829768 |
| Micron Technology, Inc., 5.30%, 01/15/31 | &nbsp;&nbsp; 5330 | 5598055 |
| NVIDIA Corp. |  |  |
| 1.55%, 06/15/28 | &nbsp;&nbsp; 7578 | 7240385 |
| 2.85%, 04/01/30<sup>(a)</sup> | &nbsp;&nbsp; 10140 | 9754318 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 | &nbsp;&nbsp; 3382 | 3500082 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 3.15%, 05/01/27 | &nbsp;&nbsp; 2638 | 2614785 |
| 3.40%, 05/01/30 | &nbsp;&nbsp; 5979 | 5794440 |
| 4.30%, 08/19/28 | &nbsp;&nbsp; 2840 | 2859004 |
| 4.30%, 06/18/29<sup>(a)</sup> | &nbsp;&nbsp; 6495 | 6533357 |
| 4.40%, 06/01/27 | &nbsp;&nbsp; 2810 | 2823999 |
| Qorvo, Inc., 4.38%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5300 | 5217166 |
| QUALCOMM, Inc. |  |  |
| 1.30%, 05/20/28 | &nbsp;&nbsp; 5700 | 5410108 |
| 2.15%, 05/20/30 | &nbsp;&nbsp; 7005 | 6515446 |
| 3.25%, 05/20/27<sup>(a)</sup> | &nbsp;&nbsp; 11110 | 11052549 |
| 4.50%, 05/20/30<sup>(a)</sup> | &nbsp;&nbsp; 3770 | 3845146 |
| SK Hynix, Inc. |  |  |
| 2.38%, 01/19/31<sup>(b)</sup> | &nbsp;&nbsp; 200 | 185751 |
| 4.25%, 09/11/28<sup>(b)</sup> | &nbsp;&nbsp; 4285 | 4320033 |
| 4.38%, 09/11/30<sup>(b)</sup> | &nbsp;&nbsp; 4570 | 4636737 |
| 5.50%, 01/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6040 | 6292103 |
| 6.38%, 01/17/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5455 | 5697083 |
| Texas Instruments, Inc. |  |  |
| 1.75%, 05/04/30 | &nbsp;&nbsp; 4735 | 4349493 |
| 2.25%, 09/04/29 | &nbsp;&nbsp; 5110 | 4853439 |
| 2.90%, 11/03/27<sup>(a)</sup> | &nbsp;&nbsp; 2953 | 2918447 |
| 4.50%, 05/23/30 | &nbsp;&nbsp; 3505 | 3577648 |
| 4.60%, 02/15/28<sup>(a)</sup> | &nbsp;&nbsp; 3972 | 4037220 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 4030 | 4128897 |
| TSMC Arizona Corp. |  |  |
| 3.88%, 04/22/27 | &nbsp;&nbsp; 5125 | 5129064 |
| 4.13%, 04/22/29<sup>(a)</sup> | &nbsp;&nbsp; 2330 | 2343629 |
| TSMC Global Ltd. |  |  |
| 1.00%, 09/28/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4170 | 3992503 |
| 1.38%, 09/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 8620 | 7709519 |
| 1.75%, 04/23/28<sup>(b)</sup> | &nbsp;&nbsp; 5665 | 5429140 |
| 4.38%, 07/22/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2275 | 2291215 |
| Xilinx, Inc., 2.38%, 06/01/30 | &nbsp;&nbsp; 5243 | 4917139 |
|  |  | 429031316 |
| **Shipbuilding — 0.1%** | **Shipbuilding — 0.1%** | **Shipbuilding — 0.1%** |
| Huntington Ingalls Industries, Inc. |  |  |
| 2.04%, 08/16/28 | &nbsp;&nbsp; 3760 | 3588589 |
| 3.48%, 12/01/27<sup>(a)</sup> | &nbsp;&nbsp; 3105 | 3079713 |
| 4.20%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 1785 | 1781582 |
| 5.35%, 01/15/30 | &nbsp;&nbsp; 4070 | 4223170 |
|  |  | 12673054 |
| **Software — 1.9%** | **Software — 1.9%** | **Software — 1.9%** |
| Adobe, Inc. |  |  |
| 2.30%, 02/01/30 | &nbsp;&nbsp; 8217 | 7699126 |
| 4.75%, 01/17/28<sup>(a)</sup> | &nbsp;&nbsp; 5165 | 5263664 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 4.80%, 04/04/29 | &nbsp;&nbsp; $5930 | $6088299 |
| 4.85%, 04/04/27 | &nbsp;&nbsp; 2245 | 2270852 |
| 4.95%, 01/17/30 | &nbsp;&nbsp; 3970 | 4104342 |
| Atlassian Corp., 5.25%, 05/15/29 | &nbsp;&nbsp; 3835 | 3902715 |
| Autodesk, Inc. |  |  |
| 2.85%, 01/15/30 | &nbsp;&nbsp; 3445 | 3281643 |
| 3.50%, 06/15/27 | &nbsp;&nbsp; 2547 | 2531698 |
| Broadridge Financial Solutions, Inc., 2.90%, <br> 12/01/29<br>| &nbsp;&nbsp; 5185 | 4912958 |
| Cadence Design Systems, Inc. |  |  |
| 4.20%, 09/10/27 | &nbsp;&nbsp; 2659 | 2671987 |
| 4.30%, 09/10/29 | &nbsp;&nbsp; 6615 | 6682310 |
| Concentrix Corp. |  |  |
| 6.50%, 03/01/29 | &nbsp;&nbsp; 2785 | 2752631 |
| 6.60%, 08/02/28<sup>(a)</sup> | &nbsp;&nbsp; 4845 | 4887200 |
| Constellation Software, Inc., 5.16%, <br> 02/16/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 4055 | 4121707 |
| Fidelity National Information Services, Inc. |  |  |
| 1.65%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 4548 | 4339865 |
| 3.75%, 05/21/29 | &nbsp;&nbsp; 3575 | 3523659 |
| Fiserv, Inc. |  |  |
| 2.25%, 06/01/27 | &nbsp;&nbsp; 5553 | 5425901 |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 6190 | 5741812 |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 17825 | 17315003 |
| 4.20%, 10/01/28 | &nbsp;&nbsp; 5780 | 5781441 |
| 4.55%, 02/15/31 | &nbsp;&nbsp; 6120 | 6100725 |
| 4.75%, 03/15/30 | &nbsp;&nbsp; 5325 | 5366656 |
| 5.15%, 03/15/27 | &nbsp;&nbsp; 3225 | 3256126 |
| 5.38%, 08/21/28 | &nbsp;&nbsp; 4070 | 4171274 |
| 5.45%, 03/02/28 | &nbsp;&nbsp; 6153 | 6293888 |
| Intuit, Inc. |  |  |
| 1.35%, 07/15/27 | &nbsp;&nbsp; 1747 | 1689908 |
| 1.65%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4365 | 3940602 |
| 5.13%, 09/15/28 | &nbsp;&nbsp; 4362 | 4490062 |
| Microsoft Corp. |  |  |
| 1.35%, 09/15/30<sup>(a)</sup> | &nbsp;&nbsp; 2650 | 2395376 |
| 3.40%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp; 1921 | 1917798 |
| MSCI, Inc. |  |  |
| 3.63%, 09/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 5520 | 5281992 |
| 3.88%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5575 | 5346090 |
| 4.00%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 6515 | 6388787 |
| Open Text Corp., 6.90%, 12/01/27<sup>(b)</sup> | &nbsp;&nbsp; 5655 | 5803252 |
| Oracle Corp. |  |  |
| 2.30%, 03/25/28 | &nbsp;&nbsp; 11250 | 10783277 |
| 2.80%, 04/01/27 | &nbsp;&nbsp; 12586 | 12400772 |
| 2.95%, 04/01/30 | &nbsp;&nbsp; 18990 | 17672545 |
| 3.25%, 11/15/27 | &nbsp;&nbsp; 15793 | 15508070 |
| 3.25%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3545 | 3335039 |
| 4.20%, 09/27/29 | &nbsp;&nbsp; 8592 | 8486468 |
| 4.45%, 09/26/30 | &nbsp;&nbsp; 17490 | 17153382 |
| 4.50%, 05/06/28<sup>(a)</sup> | &nbsp;&nbsp; 4032 | 4055994 |
| 4.55%, 02/04/29<sup>(a)</sup> | &nbsp;&nbsp; 19875 | 19912718 |
| 4.65%, 05/06/30 | &nbsp;&nbsp; 4480 | 4471448 |
| 4.80%, 08/03/28<sup>(a)</sup> | &nbsp;&nbsp; 8385 | 8475491 |
| 4.95%, 02/04/31 | &nbsp;&nbsp; 19645 | 19604761 |
| 6.15%, 11/09/29 | &nbsp;&nbsp; 6945 | 7276900 |
| Paychex, Inc., 5.10%, 04/15/30 | &nbsp;&nbsp; 9625 | 9829581 |
| Roper Technologies, Inc. |  |  |
| 1.40%, 09/15/27 | &nbsp;&nbsp; 3514 | 3379571 |
| 1.75%, 02/15/31 | &nbsp;&nbsp; 2000 | 1756912 |
| 2.00%, 06/30/30 | &nbsp;&nbsp; 5000 | 4540007 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 2.95%, 09/15/29 | &nbsp;&nbsp; $4625 | $4433977 |
| 4.20%, 09/15/28 | &nbsp;&nbsp; 5008 | 5020681 |
| 4.25%, 09/15/28<sup>(a)</sup> | &nbsp;&nbsp; 2255 | 2265156 |
| 4.45%, 09/15/30 | &nbsp;&nbsp; 2790 | 2806668 |
| 4.50%, 10/15/29 | &nbsp;&nbsp; 3300 | 3341364 |
| Salesforce, Inc. |  |  |
| 1.50%, 07/15/28 | &nbsp;&nbsp; 6382 | 6042263 |
| 3.70%, 04/11/28<sup>(a)</sup> | &nbsp;&nbsp; 8547 | 8527721 |
| ServiceNow, Inc., 1.40%, 09/01/30 | &nbsp;&nbsp; 9720 | 8610348 |
| Synopsys, Inc. |  |  |
| 4.55%, 04/01/27 | &nbsp;&nbsp; 5030 | 5067552 |
| 4.65%, 04/01/28 | &nbsp;&nbsp; 5425 | 5494091 |
| 4.85%, 04/01/30 | &nbsp;&nbsp; 13205 | 13521538 |
| Take-Two Interactive Software, Inc. |  |  |
| 3.70%, 04/14/27 | &nbsp;&nbsp; 3132 | 3123622 |
| 4.95%, 03/28/28 | &nbsp;&nbsp; 6278 | 6385424 |
| 5.40%, 06/12/29 | &nbsp;&nbsp; 2885 | 2990271 |
| VMware LLC |  |  |
| 1.80%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp; 4756 | 4522743 |
| 4.70%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5345 | 5464685 |
| Workday, Inc. |  |  |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 5555 | 5524918 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 5110 | 5027127 |
|  |  | 432554434 |
| **Telecommunications — 2.8%** | **Telecommunications — 2.8%** | **Telecommunications — 2.8%** |
| America Movil SAB de CV |  |  |
| 2.88%, 05/07/30 | &nbsp;&nbsp; 6635 | 6303034 |
| 3.63%, 04/22/29 | &nbsp;&nbsp; 7447 | 7341212 |
| AT&T, Inc. |  |  |
| 1.65%, 02/01/28 | &nbsp;&nbsp; 13364 | 12815477 |
| 2.30%, 06/01/27 | &nbsp;&nbsp; 14023 | 13755720 |
| 4.10%, 02/15/28 | &nbsp;&nbsp; 10930 | 10962892 |
| 4.25%, 03/01/27 | &nbsp;&nbsp; 8675 | 8696759 |
| 4.30%, 02/15/30<sup>(a)</sup> | &nbsp;&nbsp; 18464 | 18639225 |
| 4.35%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 17257 | 17451181 |
| 4.70%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5450 | 5587986 |
| British Telecommunications PLC |  |  |
| 3.25%, 11/08/29<sup>(b)</sup> | &nbsp;&nbsp; 6465 | 6269289 |
| 5.13%, 12/04/28 | &nbsp;&nbsp; 4599 | 4720916 |
| 9.63%, 12/15/30 | &nbsp;&nbsp; 14814 | 18124037 |
| Cisco Systems, Inc. |  |  |
| 4.55%, 02/24/28 | &nbsp;&nbsp; 5095 | 5175033 |
| 4.75%, 02/24/30 | &nbsp;&nbsp; 6160 | 6353057 |
| 4.85%, 02/26/29 | &nbsp;&nbsp; 14975 | 15421640 |
| 4.95%, 02/26/31 | &nbsp;&nbsp; 14165 | 14746036 |
| Deutsche Telekom International Finance BV |  |  |
| 4.38%, 06/21/28<sup>(b)</sup> | &nbsp;&nbsp; 6515 | 6569789 |
| 8.75%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 19967 | 23429395 |
| Frontier Communications Holdings LLC |  |  |
| 5.00%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 8000 | 8004608 |
| 6.00%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 5600 | 5661342 |
| 6.75%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp; 5600 | 5621336 |
| Frontier Florida LLC, Series E, 6.86%, <br> 02/01/28<sup>(a)</sup><br>| &nbsp;&nbsp; 300 | 312371 |
| Juniper Networks, Inc. |  |  |
| 2.00%, 12/10/30<sup>(a)</sup> | &nbsp;&nbsp; 2150 | 1931026 |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 3360 | 3301525 |
| Koninklijke KPN NV, 8.38%, 10/01/30 | &nbsp;&nbsp; 2935 | 3441136 |
| KT Corp. |  |  |
| 4.13%, 02/02/28<sup>(b)</sup> | &nbsp;&nbsp; 730 | 732372 |
| 4.38%, 01/03/29<sup>(b)</sup> | &nbsp;&nbsp; 680 | 688696 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Motorola Solutions, Inc. |  |  |
| 2.30%, 11/15/30 | &nbsp;&nbsp; $5365 | $4935949 |
| 4.60%, 02/23/28 | &nbsp;&nbsp; 4472 | 4520378 |
| 4.60%, 05/23/29 | &nbsp;&nbsp; 4383 | 4451391 |
| 4.85%, 08/15/30 | &nbsp;&nbsp; 3250 | 3338438 |
| 5.00%, 04/15/29 | &nbsp;&nbsp; 3165 | 3254445 |
| NBN Co. Ltd. |  |  |
| 4.00%, 10/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2960 | 2966603 |
| 4.15%, 09/16/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2800 | 2816101 |
| 4.25%, 10/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2655 | 2687157 |
| 5.75%, 10/06/28<sup>(b)</sup> | &nbsp;&nbsp; 4694 | 4904150 |
| Nokia OYJ, 4.38%, 06/12/27 | &nbsp;&nbsp; 2714 | 2712537 |
| NTT Finance Corp. |  |  |
| 1.59%, 04/03/28<sup>(b)</sup> | &nbsp;&nbsp; 7675 | 7321547 |
| 4.37%, 07/27/27<sup>(b)</sup> | &nbsp;&nbsp; 2900 | 2918496 |
| 4.57%, 07/16/27<sup>(b)</sup> | &nbsp;&nbsp; 7060 | 7124044 |
| 4.62%, 07/16/28<sup>(b)</sup> | &nbsp;&nbsp; 9775 | 9922674 |
| 4.88%, 07/16/30<sup>(b)</sup> | &nbsp;&nbsp; 14405 | 14778428 |
| 5.10%, 07/02/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3425 | 3480355 |
| 5.11%, 07/02/29<sup>(b)</sup> | &nbsp;&nbsp; 6060 | 6254063 |
| Ooredoo International Finance Ltd., 3.88%, <br> 01/31/28<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2405 | 2410755 |
| Orange SA |  |  |
| 4.00%, 01/13/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 5305 | 5321500 |
| 4.25%, 01/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8675 | 8689136 |
| Rogers Communications, Inc. |  |  |
| 3.20%, 03/15/27 | &nbsp;&nbsp; 7015 | 6963635 |
| 5.00%, 02/15/29 | &nbsp;&nbsp; 7997 | 8181200 |
| Saudi Telecom Co., 3.89%, 05/13/29<sup>(b)</sup> | &nbsp;&nbsp; 7450 | 7377305 |
| SK Telecom Co. Ltd., 6.63%, 07/20/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 1225 | 1267801 |
| SoftBank Corp., 4.70%, 07/09/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 4025 | 4083163 |
| Sprint Capital Corp., 6.88%, 11/15/28 | &nbsp;&nbsp; 16070 | 17239071 |
| STC Sukuk Co. II Ltd., 4.49%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 4500 | 4511534 |
| Telefonica Emisiones SA, 4.10%, 03/08/27 | &nbsp;&nbsp; 6902 | 6908062 |
| Telefonica Europe BV, 8.25%, 09/15/30 | &nbsp;&nbsp; 4860 | 5617497 |
| TELUS Corp., 3.70%, 09/15/27 | &nbsp;&nbsp; 2735 | 2719871 |
| T-Mobile USA, Inc. |  |  |
| 2.05%, 02/15/28 | &nbsp;&nbsp; 10779 | 10411135 |
| 2.40%, 03/15/29 | &nbsp;&nbsp; 3824 | 3653122 |
| 2.55%, 02/15/31 | &nbsp;&nbsp; 13425 | 12427355 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 6445 | 6202321 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 14373 | 14112395 |
| 3.75%, 04/15/27 | &nbsp;&nbsp; 22327 | 22291674 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 40100 | 39791727 |
| 4.20%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5385 | 5428363 |
| 4.80%, 07/15/28 | &nbsp;&nbsp; 5641 | 5750558 |
| 4.85%, 01/15/29 | &nbsp;&nbsp; 5992 | 6138636 |
| 4.95%, 03/15/28 | &nbsp;&nbsp; 5535 | 5648535 |
| Verizon Communications, Inc. |  |  |
| 1.50%, 09/18/30 | &nbsp;&nbsp; 6040 | 5399739 |
| 1.68%, 10/30/30<sup>(a)</sup> | &nbsp;&nbsp; 5620 | 5042184 |
| 1.75%, 01/20/31 | &nbsp;&nbsp; 10755 | 9617404 |
| 2.10%, 03/22/28<sup>(a)</sup> | &nbsp;&nbsp; 13126 | 12683619 |
| 3.15%, 03/22/30<sup>(a)</sup> | &nbsp;&nbsp; 7425 | 7185807 |
| 3.88%, 02/08/29<sup>(a)</sup> | &nbsp;&nbsp; 6213 | 6220579 |
| 4.02%, 12/03/29 | &nbsp;&nbsp; 18135 | 18161523 |
| 4.13%, 03/16/27<sup>(a)</sup> | &nbsp;&nbsp; 1615 | 1620759 |
| 4.33%, 09/21/28<sup>(a)</sup> | &nbsp;&nbsp; 15782 | 15950021 |
| 7.75%, 12/01/30 | &nbsp;&nbsp; 3420 | 3943265 |
| Vodafone Group PLC |  |  |
| 4.38%, 05/30/28<sup>(a)</sup> | &nbsp;&nbsp; 1395 | 1417431 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 7.88%, 02/15/30 | &nbsp;&nbsp; $4520 | $5155986 |
| Xiaomi Best Time International Ltd., 3.38%, <br> 04/29/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 715 | 694669 |
|  |  | 626683183 |
| **Toys, Games & Hobbies — 0.1%** | **Toys, Games & Hobbies — 0.1%** | **Toys, Games & Hobbies — 0.1%** |
| Hasbro, Inc. |  |  |
| 3.50%, 09/15/27 | &nbsp;&nbsp; 2590 | 2574087 |
| 3.90%, 11/19/29 | &nbsp;&nbsp; 5465 | 5418050 |
| Mattel, Inc. |  |  |
| 3.75%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 4535 | 4446601 |
| 5.00%, 11/17/30<sup>(a)</sup> | &nbsp;&nbsp; 3880 | 3939571 |
| 5.88%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp; 3717 | 3717847 |
|  |  | 20096156 |
| **Transportation — 0.8%** | **Transportation — 0.8%** | **Transportation — 0.8%** |
| AP Moller - Maersk A/S, 4.50%, 06/20/29<sup>(b)</sup> | &nbsp;&nbsp; 3685 | 3727182 |
| Burlington Northern Santa Fe LLC |  |  |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 1718 | 1710306 |
| 7.95%, 08/15/30 | &nbsp;&nbsp; 625 | 726878 |
| Canadian National Railway Co., 6.90%, <br> 07/15/28<br>| &nbsp;&nbsp; 2600 | 2776506 |
| Canadian Pacific Railway Co. |  |  |
| 2.05%, 03/05/30<sup>(a)</sup> | &nbsp;&nbsp; 2980 | 2766535 |
| 2.88%, 11/15/29 | &nbsp;&nbsp; 2855 | 2756064 |
| 4.00%, 06/01/28 | &nbsp;&nbsp; 2760 | 2767044 |
| 4.80%, 03/30/30<sup>(a)</sup> | &nbsp;&nbsp; 3885 | 3999174 |
| CH Robinson Worldwide, Inc., 4.20%, 04/15/28 | &nbsp;&nbsp; 4295 | 4304993 |
| CSX Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 2575 | 2430879 |
| 3.25%, 06/01/27 | &nbsp;&nbsp; 4487 | 4458326 |
| 3.80%, 03/01/28 | &nbsp;&nbsp; 4963 | 4966873 |
| 4.25%, 03/15/29 | &nbsp;&nbsp; 5567 | 5640318 |
| Empresa de Transporte de Pasajeros Metro SA, <br> 3.65%, 05/07/30<sup>(b)</sup><br>| &nbsp;&nbsp; 2410 | 2339749 |
| FedEx Corp. |  |  |
| 3.10%, 08/05/29 | &nbsp;&nbsp; 6174 | 5994589 |
| 3.40%, 02/15/28 | &nbsp;&nbsp; 985 | 977480 |
| 4.25%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 4680 | 4722098 |
| Fedex Freight Holding Co., Inc., 4.30%, <br> 03/15/29<sup>(b)</sup><br>| &nbsp;&nbsp; 275 | 275625 |
| GXO Logistics, Inc., 6.25%, 05/06/29 | &nbsp;&nbsp; 3927 | 4145921 |
| JB Hunt Transport Services, Inc., 4.90%, <br> 03/15/30<br>| &nbsp;&nbsp; 5145 | 5288071 |
| Kirby Corp., 4.20%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2385 | 2392203 |
| Misc Capital Two Labuan Ltd., 3.75%, <br> 04/06/27<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6795 | 6772135 |
| Norfolk Southern Corp. |  |  |
| 2.55%, 11/01/29 | &nbsp;&nbsp; 2926 | 2786568 |
| 3.15%, 06/01/27 | &nbsp;&nbsp; 950 | 942164 |
| 3.80%, 08/01/28<sup>(a)</sup> | &nbsp;&nbsp; 3362 | 3358965 |
| 5.05%, 08/01/30 | &nbsp;&nbsp; 4505 | 4685485 |
| 7.25%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp; 1735 | 1971494 |
| 7.80%, 05/15/27 | &nbsp;&nbsp; 3305 | 3458375 |
| Ryder System, Inc. |  |  |
| 2.85%, 03/01/27 | &nbsp;&nbsp; 2100 | 2078856 |
| 4.30%, 06/15/27 | &nbsp;&nbsp; 1990 | 1996895 |
| 4.30%, 12/01/30 | &nbsp;&nbsp; 1680 | 1687261 |
| 4.85%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1960 | 2012398 |
| 4.90%, 12/01/29 | &nbsp;&nbsp; 2090 | 2146518 |
| 4.95%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2390 | 2451628 |
| 5.00%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 3085 | 3178643 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 5.25%, 06/01/28 | &nbsp;&nbsp; $3868 | $3973472 |
| 5.30%, 03/15/27 | &nbsp;&nbsp; 1665 | 1687067 |
| 5.38%, 03/15/29 | &nbsp;&nbsp; 2685 | 2786277 |
| 5.50%, 06/01/29 | &nbsp;&nbsp; 1730 | 1804697 |
| 5.65%, 03/01/28 | &nbsp;&nbsp; 3011 | 3104195 |
| 6.30%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp; 2200 | 2328692 |
| Union Pacific Corp. |  |  |
| 2.40%, 02/05/30 | &nbsp;&nbsp; 5416 | 5121150 |
| 3.00%, 04/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2482 | 2464739 |
| 3.70%, 03/01/29 | &nbsp;&nbsp; 3489 | 3481128 |
| 3.95%, 09/10/28 | &nbsp;&nbsp; 5870 | 5896816 |
| 6.63%, 02/01/29 | &nbsp;&nbsp; 3790 | 4094540 |
| United Parcel Service of America, Inc., 7.62%, <br> 04/01/30<sup>(d)</sup><br>| &nbsp;&nbsp; 2325 | 2646357 |
| United Parcel Service, Inc. |  |  |
| 2.50%, 09/01/29 | &nbsp;&nbsp; 2789 | 2679762 |
| 3.05%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 5476 | 5428893 |
| 3.40%, 03/15/29 | &nbsp;&nbsp; 4819 | 4778475 |
| 4.45%, 04/01/30 | &nbsp;&nbsp; 4375 | 4479443 |
| 4.65%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 1130 | 1167479 |
| Walmart, Inc. |  |  |
| 1.50%, 09/22/28 | &nbsp;&nbsp; 7763 | 7384708 |
| 3.95%, 09/09/27 | &nbsp;&nbsp; 4488 | 4511775 |
| XPO, Inc., 6.25%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5820 | 5913568 |
|  |  | 184427432 |
| **Trucking & Leasing — 0.4%** | **Trucking & Leasing — 0.4%** | **Trucking & Leasing — 0.4%** |
| Avolon Holdings Funding Ltd., 4.90%, <br> 10/10/30<sup>(b)</sup><br>| &nbsp;&nbsp; 3985 | 4041691 |
| DAE Funding LLC, 3.38%, 03/20/28<sup>(b)</sup> | &nbsp;&nbsp; 5775 | 5640512 |
| GATX Corp. |  |  |
| 3.50%, 03/15/28 | &nbsp;&nbsp; 1560 | 1544339 |
| 3.85%, 03/30/27<sup>(a)</sup> | &nbsp;&nbsp; 1188 | 1186762 |
| 4.00%, 06/30/30 | &nbsp;&nbsp; 3280 | 3258525 |
| 4.55%, 11/07/28 | &nbsp;&nbsp; 1245 | 1260890 |
| 4.70%, 04/01/29 | &nbsp;&nbsp; 2896 | 2949623 |
| 5.40%, 03/15/27 | &nbsp;&nbsp; 1190 | 1206789 |
| Penske Truck Leasing Co. LP/PTL <br> Finance Corp.<br>|  |  |
| 3.35%, 11/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 1945 | 1883467 |
| 4.20%, 04/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2676 | 2681313 |
| 4.40%, 07/01/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 4140 | 4158249 |
| 4.55%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 3645 | 3668038 |
| 5.25%, 07/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4165 | 4298694 |
| 5.25%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp; 4130 | 4277299 |
| 5.35%, 03/30/29<sup>(b)</sup> | &nbsp;&nbsp; 3065 | 3166923 |
| 5.55%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 5120 | 5269814 |
| 5.70%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp; 4520 | 4644143 |
| 5.88%, 11/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3017 | 3101691 |
| 6.05%, 08/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 6605 | 6885527 |
| 6.20%, 06/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 1920 | 2060507 |
| SMBC Aviation Capital Finance DAC |  |  |
| 2.30%, 06/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2375 | 2282514 |
| 5.10%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 3580 | 3687313 |
| 5.30%, 04/03/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 4610 | 4759167 |
| 5.45%, 05/03/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 4190 | 4301082 |
|  |  | 82214872 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Venture Capital — 0.0%** | **Venture Capital — 0.0%** | **Venture Capital — 0.0%** |
| Hercules Capital, Inc. |  |  |
| 5.35%, 02/10/29 | &nbsp;&nbsp; $1000 | $994507 |
| 6.00%, 06/16/30<sup>(a)</sup> | &nbsp;&nbsp; 2395 | 2386275 |
|  |  | 3380782 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| 2.80%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 3080 | 2947950 |
| 2.95%, 09/01/27 | &nbsp;&nbsp; 4347 | 4298412 |
| 3.45%, 06/01/29 | &nbsp;&nbsp; 4370 | 4311986 |
| 3.75%, 09/01/28 | &nbsp;&nbsp; 2990 | 2985826 |
| Essential Utilities, Inc. |  |  |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 3040 | 2876109 |
| 3.57%, 05/01/29<sup>(a)</sup> | &nbsp;&nbsp; 2515 | 2476816 |
| 4.80%, 08/15/27<sup>(a)</sup> | &nbsp;&nbsp; 2620 | 2647806 |
| United Utilities PLC, 6.88%, 08/15/28 | &nbsp;&nbsp; 2320 | 2470431 |
|  |  | 25015336 |
| **Total Corporate Bonds & Notes — 97.6%** <br>**(Cost: $21,749,701,206)** | **Total Corporate Bonds & Notes — 97.6%** <br>**(Cost: $21,749,701,206)** | 22074245584 |
| **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** |
| **Japan — 0.0%** | **Japan — 0.0%** | **Japan — 0.0%** |
| Development Bank of Japan, Inc., 4.00%, <br> 08/28/27<sup>(b)</sup><br>| &nbsp;&nbsp; 355 | 356659 |
| **Mexico — 0.3%** | **Mexico — 0.3%** | **Mexico — 0.3%** |
| Eagle Funding Luxco SARL, 5.50%, 08/17/30<sup>(b)</sup> | &nbsp;&nbsp; 70620 | 71848082 |
| **South Korea — 0.3%** | **South Korea — 0.3%** | **South Korea — 0.3%** |
| Korea Electric Power Corp. |  |  |
| 4.00%, 06/14/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 2160 | 2164860 |
| 4.75%, 02/13/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2270 | 2309407 |
| 5.50%, 04/06/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3725 | 3850572 |
| Korea Gas Corp. |  |  |
| 3.13%, 07/20/27<sup>(b)</sup> | &nbsp;&nbsp; 3003 | 2976068 |
| 3.88%, 07/13/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 5205 | 5211465 |
| 4.25%, 07/10/30<sup>(b)</sup> | &nbsp;&nbsp; 230 | 233726 |
| 4.88%, 07/05/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 5745 | 5885443 |
| 5.00%, 07/08/29<sup>(b)</sup> | &nbsp;&nbsp; 2320 | 2405646 |
| Korea Hydro & Nuclear Power Co. Ltd. |  |  |
| 3.13%, 07/25/27<sup>(b)</sup> | &nbsp;&nbsp; 3623 | 3591867 |
| 4.25%, 07/27/27<sup>(b)</sup> | &nbsp;&nbsp; 5210 | 5245016 |
| 4.63%, 07/29/29<sup>(a)(b)</sup> | &nbsp;&nbsp; 2400 | 2447351 |
| 5.00%, 07/18/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 2970 | 3046644 |
| Korea National Oil Corp. |  |  |
| 2.13%, 04/18/27<sup>(b)</sup> | &nbsp;&nbsp; 5000 | 4905542 |
| 3.38%, 03/27/27<sup>(b)</sup> | &nbsp;&nbsp; 3000 | 2985739 |
| 4.00%, 09/29/28<sup>(b)</sup> | &nbsp;&nbsp; 2500 | 2501930 |
| 4.13%, 09/30/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3000 | 3012579 |
| 4.13%, 09/29/30<sup>(b)</sup> | &nbsp;&nbsp; 1500 | 1509581 |
| 4.25%, 09/30/29<sup>(b)</sup> | &nbsp;&nbsp; 3000 | 3034405 |
| 4.75%, 03/31/30<sup>(a)(b)</sup> | &nbsp;&nbsp; 2000 | 2059951 |
| 4.88%, 04/03/27<sup>(a)(b)</sup> | &nbsp;&nbsp; 3000 | 3032913 |
| 4.88%, 04/03/28<sup>(a)(b)</sup> | &nbsp;&nbsp; 3000 | 3060768 |
| 4.88%, 04/03/29<sup>(b)</sup> | &nbsp;&nbsp; 4000 | 4112543 |
|  |  | 69584016 |
| **Total Foreign Government Obligations — 0.6%** <br>**(Cost: $140,781,911)** | **Total Foreign Government Obligations — 0.6%** <br>**(Cost: $140,781,911)** | 141788757 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Agency Obligations** | **U.S. Government Agency Obligations** | **U.S. Government Agency Obligations** |
| **U.S. Government Agency Obligations — 0.0%** | **U.S. Government Agency Obligations — 0.0%** | **U.S. Government Agency Obligations — 0.0%** |
| CoBank ACB |  |  |
| 7.13% , (5-year CMT + 2.82%)<sup>(c)(e)</sup> | &nbsp;&nbsp; $2350 | $2443617 |
| 7.25% , (5-year CMT + 2.88%)<sup>(a)(c)(e)</sup> | &nbsp;&nbsp; 1075 | 1099072 |
|  |  | 3542689 |
| **Total U.S. Government Agency Obligations — 0.0%** <br>**(Cost: $3,547,193)** | **Total U.S. Government Agency Obligations — 0.0%** <br>**(Cost: $3,547,193)** | 3542689 |
| **Total Long-Term Investments — 98.2%** <br>**(Cost: $21,894,030,310)** | **Total Long-Term Investments — 98.2%** <br>**(Cost: $21,894,030,310)** | 22219577030 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 6.4%** | **Money Market Funds — 6.4%** | **Money Market Funds — 6.4%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(g)(h)(i)</sup><br>| &nbsp;&nbsp; 1446351749 | 1447074925 |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(g)(h)</sup><br>| &nbsp;&nbsp; 240000 | 240000 |
| **Total Short-Term Securities — 6.4%** <br>**(Cost: $1,446,626,649)** | **Total Short-Term Securities — 6.4%** <br>**(Cost: $1,446,626,649)** | 1447314925 |
| **Total Investments — 104.6%** <br>**(Cost: $23,340,656,959)** | **Total Investments — 104.6%** <br>**(Cost: $23,340,656,959)** | 23666891955 |
| **Liabilities in Excess of Other Assets — (4.6)%** | **Liabilities in Excess of Other Assets — (4.6)%** | (1049965290)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $22616926665 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

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

<sup>(e)</sup> Perpetual security with no stated maturity date.

<sup>(f)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

<sup>(g)</sup> Affiliate of the Fund.

<sup>(h)</sup> Annualized 7-day yield as of period end.

<sup>(i)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institu-<br> tional, SL Agency Shares<br>| $1677629373 | $—<br> $(230555424 )<sup>(a)</sup><br>| $31030 | $(30054)<br>| $1447074925 | 1446351749 | $4781392 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Trea-<br> sury, SL Agency Shares<br>| 34660000 | —<br> (34420000 )<sup>(a)</sup><br>|  |  | 240000 | 240000 | 2440245 |  |
|  |  |  | $31030 | $(30054) | $1447314925 |  | $7221637 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 1-5 Year Investment Grade Corporate Bond ETF**

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $22074245584 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $22074245584 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 141788757 | &nbsp;&nbsp; — | &nbsp;&nbsp; 141788757 |
| U.S. Government Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 3542689 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3542689 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 1447314925 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1447314925 |
|  | &nbsp;&nbsp; $1447314925 | &nbsp;&nbsp; $22219577030 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $23666891955 |

---

*See notes to financial statements.*

Schedule of Investments

------

Schedule of Investments

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.1%** | **Advertising — 0.1%** | **Advertising — 0.1%** |
| Omnicom Group, Inc. |  |  |
| 2.40%, 03/01/31 | &nbsp;&nbsp; $2882 | $2627818 |
| 2.60%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp; 5604 | 5106840 |
| 5.00%, 06/02/33 | &nbsp;&nbsp; 2450 | 2450324 |
| 5.30%, 11/01/34<sup>(a)</sup> | &nbsp;&nbsp; 4610 | 4647775 |
| 5.30%, 06/02/36 | &nbsp;&nbsp; 2450 | 2431659 |
| 5.38%, 06/15/33 | &nbsp;&nbsp; 2139 | 2212928 |
|  |  | 19477344 |
| **Aerospace & Defense — 1.3%** | **Aerospace & Defense — 1.3%** | **Aerospace & Defense — 1.3%** |
| BAE Systems PLC |  |  |
| 5.25%, 03/26/31<sup>(b)</sup> | &nbsp;&nbsp; 3220 | 3373399 |
| 5.30%, 03/26/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 10375 | 10923623 |
| Boeing Co.(The) |  |  |
| 3.25%, 02/01/35<sup>(a)</sup> | &nbsp;&nbsp; 5771 | 5144673 |
| 3.30%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1775 | 1570889 |
| 3.60%, 05/01/34 | &nbsp;&nbsp; 6376 | 5881016 |
| 6.13%, 02/15/33 | &nbsp;&nbsp; 2692 | 2942453 |
| 6.39%, 05/01/31 | &nbsp;&nbsp; 6750 | 7378229 |
| 6.53%, 05/01/34 | &nbsp;&nbsp; 17134 | 19210244 |
| Embraer Netherlands Finance BV, 5.98%, <br> 02/11/35<br>| &nbsp;&nbsp; 4600 | 4939250 |
| GE Capital Funding LLC, 4.55%, 05/15/32 | &nbsp;&nbsp; 3260 | 3321357 |
| GE Capital International Funding Co. Unlimited <br> Co., 4.42%, 11/15/35<br>| &nbsp;&nbsp; 6172 | 6093870 |
| General Dynamics Corp. |  |  |
| 2.25%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 3483 | 3196948 |
| 4.95%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4925 | 5093559 |
| General Electric Co. |  |  |
| 4.90%, 01/29/36<sup>(a)</sup> | &nbsp;&nbsp; 3695 | 3790182 |
| 6.75%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 9007 | 10294218 |
| HEICO Corp., 5.35%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3973 | 4169992 |
| Hexcel Corp., 5.88%, 02/26/35 | &nbsp;&nbsp; 1915 | 2038506 |
| Howmet Aerospace, Inc. |  |  |
| 4.55%, 11/15/32 | &nbsp;&nbsp; 3035 | 3093345 |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 3515 | 3648895 |
| L3Harris Technologies, Inc. |  |  |
| 4.85%, 04/27/35<sup>(a)</sup> | &nbsp;&nbsp; 3033 | 3062059 |
| 5.25%, 06/01/31 | &nbsp;&nbsp; 4815 | 5045496 |
| 5.35%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5492 | 5730556 |
| 5.40%, 07/31/33 | &nbsp;&nbsp; 10558 | 11123361 |
| Lockheed Martin Corp. |  |  |
| 3.60%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 3684 | 3450346 |
| 3.90%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5662 | 5625903 |
| 4.70%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6060 | 6281564 |
| 4.75%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5655 | 5811299 |
| 4.80%, 08/15/34 | &nbsp;&nbsp; 4465 | 4570554 |
| 5.00%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5899 | 6096300 |
| 5.25%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 7038 | 7491716 |
| Northrop Grumman Corp. |  |  |
| 4.70%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6705 | 6849882 |
| 4.90%, 06/01/34 | &nbsp;&nbsp; 5675 | 5821187 |
| 5.25%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4055 | 4244719 |
| RTX Corp. |  |  |
| 1.90%, 09/01/31 | &nbsp;&nbsp; 7855 | 6991494 |
| 2.38%, 03/15/32 | &nbsp;&nbsp; 7275 | 6558416 |
| 5.15%, 02/27/33<sup>(a)</sup> | &nbsp;&nbsp; 8713 | 9118234 |
| 5.40%, 05/01/35<sup>(a)</sup> | &nbsp;&nbsp; 3676 | 3909235 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 6545 | 7103082 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| 6.10%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; $10018 | $11076310 |
|  |  | 232066361 |
| **Agriculture — 1.3%** | **Agriculture — 1.3%** | **Agriculture — 1.3%** |
| Altria Group, Inc. |  |  |
| 2.45%, 02/04/32 | &nbsp;&nbsp; 12545 | 11258683 |
| 5.25%, 08/06/35 | &nbsp;&nbsp; 3615 | 3705850 |
| 5.63%, 02/06/35<sup>(a)</sup> | &nbsp;&nbsp; 3640 | 3826597 |
| 6.88%, 11/01/33 | &nbsp;&nbsp; 3400 | 3875564 |
| Archer-Daniels-Midland Co. |  |  |
| 2.90%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 5094 | 4738554 |
| 4.50%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3595 | 3640680 |
| 5.38%, 09/15/35 | &nbsp;&nbsp; 2220 | 2364927 |
| 5.94%, 10/01/32 | &nbsp;&nbsp; 2440 | 2672806 |
| BAT Capital Corp. |  |  |
| 2.73%, 03/25/31<sup>(a)</sup> | &nbsp;&nbsp; 8419 | 7850776 |
| 4.63%, 03/22/33 | &nbsp;&nbsp; 3085 | 3097974 |
| 4.74%, 03/16/32<sup>(a)</sup> | &nbsp;&nbsp; 6116 | 6226699 |
| 5.35%, 08/15/32 | &nbsp;&nbsp; 6700 | 7034900 |
| 5.63%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8395 | 8853200 |
| 6.00%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 6180 | 6707368 |
| 6.42%, 08/02/33<sup>(a)</sup> | &nbsp;&nbsp; 9408 | 10464157 |
| 7.75%, 10/19/32<sup>(a)</sup> | &nbsp;&nbsp; 4127 | 4865819 |
| Bunge Ltd. Finance Corp. |  |  |
| 2.75%, 05/14/31<sup>(a)</sup> | &nbsp;&nbsp; 6729 | 6260748 |
| 3.20%, 04/21/31 | &nbsp;&nbsp; 4150 | 3946094 |
| 4.65%, 09/17/34<sup>(a)</sup> | &nbsp;&nbsp; 5505 | 5482427 |
| 5.15%, 08/04/35<sup>(a)</sup> | &nbsp;&nbsp; 4710 | 4832935 |
| 5.25%, 04/21/32<sup>(a)</sup> | &nbsp;&nbsp; 2275 | 2374199 |
| Cargill, Inc. |  |  |
| 2.13%, 11/10/31<sup>(b)</sup> | &nbsp;&nbsp; 7853 | 7063706 |
| 4.00%, 06/22/32<sup>(b)</sup> | &nbsp;&nbsp; 4865 | 4789482 |
| 4.75%, 04/24/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3099 | 3154138 |
| 5.13%, 10/11/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3745 | 3931790 |
| 5.13%, 02/11/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3215 | 3349811 |
| Imperial Brands Finance PLC |  |  |
| 5.63%, 07/01/35<sup>(b)</sup> | &nbsp;&nbsp; 5915 | 6126391 |
| 5.88%, 07/01/34<sup>(b)</sup> | &nbsp;&nbsp; 5150 | 5450702 |
| Japan Tobacco, Inc., 5.85%, 06/15/35<sup>(b)</sup> | &nbsp;&nbsp; 5515 | 5968290 |
| JT International Financial Services BV, 6.88%, <br> 10/24/32<sup>(b)</sup><br>| &nbsp;&nbsp; 3515 | 3981672 |
| Philip Morris International, Inc. |  |  |
| 4.25%, 10/29/32<sup>(a)</sup> | &nbsp;&nbsp; 5685 | 5669764 |
| 4.63%, 10/29/35<sup>(a)</sup> | &nbsp;&nbsp; 5740 | 5690030 |
| 4.75%, 11/01/31 | &nbsp;&nbsp; 6160 | 6335135 |
| 4.88%, 04/30/35<sup>(a)</sup> | &nbsp;&nbsp; 4145 | 4209502 |
| 4.90%, 11/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5445 | 5565902 |
| 5.25%, 02/13/34 | &nbsp;&nbsp; 11345 | 11883451 |
| 5.38%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 14808 | 15635795 |
| 5.63%, 09/07/33<sup>(a)</sup> | &nbsp;&nbsp; 7480 | 8019426 |
| 5.75%, 11/17/32<sup>(a)</sup> | &nbsp;&nbsp; 9895 | 10672862 |
| Reynolds American, Inc., 5.70%, 08/15/35 | &nbsp;&nbsp; 3755 | 3962334 |
|  |  | 235541140 |
| **Airlines — 0.0%** | **Airlines — 0.0%** | **Airlines — 0.0%** |
| AS Mileage Plan IP Ltd., 5.31%, 10/20/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4340 | 4425475 |
| Southwest Airlines Co., 5.25%, 11/15/35 | &nbsp;&nbsp; 4655 | 4616930 |
|  |  | 9042405 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| Gildan Activewear, Inc., 5.40%, 10/07/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3860 | 3902906 |
| Ralph Lauren Corp., 5.00%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3400 | 3538597 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Apparel (continued)** | **Apparel (continued)** | **Apparel (continued)** |
| Tapestry, Inc. |  |  |
| 3.05%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; $3017 | $2803569 |
| 5.50%, 03/11/35 | &nbsp;&nbsp; 4870 | 5051455 |
|  |  | 15296527 |
| **Auto Manufacturers — 2.5%** | **Auto Manufacturers — 2.5%** | **Auto Manufacturers — 2.5%** |
| American Honda Finance Corp. |  |  |
| 4.85%, 10/23/31<sup>(a)</sup> | &nbsp;&nbsp; 6290 | 6469414 |
| 4.90%, 01/10/34<sup>(a)</sup> | &nbsp;&nbsp; 4930 | 5007945 |
| 5.05%, 07/10/31<sup>(a)</sup> | &nbsp;&nbsp; 6395 | 6631001 |
| 5.10%, 01/08/36<sup>(a)</sup> | &nbsp;&nbsp; 3585 | 3615270 |
| 5.15%, 07/09/32 | &nbsp;&nbsp; 5235 | 5435102 |
| 5.20%, 03/05/35<sup>(a)</sup> | &nbsp;&nbsp; 3530 | 3613716 |
| BMW U.S. Capital LLC |  |  |
| 1.95%, 08/12/31<sup>(b)</sup> | &nbsp;&nbsp; 3687 | 3260693 |
| 2.55%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 3455 | 3187678 |
| 3.70%, 04/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3310 | 3183814 |
| 4.85%, 08/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4429 | 4536047 |
| 5.15%, 08/11/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 4198 | 4345115 |
| 5.15%, 04/02/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3760 | 3873427 |
| 5.20%, 08/11/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3680 | 3761975 |
| 5.40%, 03/21/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3915 | 4081404 |
| Cummins, Inc. |  |  |
| 5.15%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 5280 | 5507754 |
| 5.30%, 05/09/35 | &nbsp;&nbsp; 6760 | 7089985 |
| Daimler Truck Finance North America LLC |  |  |
| 2.50%, 12/14/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5355 | 4843315 |
| 5.00%, 10/12/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3940 | 4040636 |
| 5.38%, 01/13/32<sup>(b)</sup> | &nbsp;&nbsp; 4375 | 4568622 |
| 5.38%, 01/18/34<sup>(b)</sup> | &nbsp;&nbsp; 3775 | 3907851 |
| 5.38%, 06/25/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3450 | 3578154 |
| 5.50%, 09/20/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3428 | 3601649 |
| 5.63%, 01/13/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 4055 | 4259779 |
| Ford Motor Co. |  |  |
| 3.25%, 02/12/32 | &nbsp;&nbsp; 16596 | 14938113 |
| 6.10%, 08/19/32<sup>(a)</sup> | &nbsp;&nbsp; 11670 | 12215236 |
| 7.45%, 07/16/31<sup>(a)</sup> | &nbsp;&nbsp; 8355 | 9343420 |
| Ford Motor Credit Co. LLC |  |  |
| 3.63%, 06/17/31<sup>(a)</sup> | &nbsp;&nbsp; 7750 | 7222021 |
| 5.75%, 04/06/33 | &nbsp;&nbsp; 5120 | 5217378 |
| 5.87%, 10/31/35<sup>(a)</sup> | &nbsp;&nbsp; 6470 | 6492171 |
| 6.05%, 03/05/31<sup>(a)</sup> | &nbsp;&nbsp; 6275 | 6529900 |
| 6.05%, 11/05/31 | &nbsp;&nbsp; 9985 | 10391563 |
| 6.13%, 03/08/34 | &nbsp;&nbsp; 11085 | 11458980 |
| 6.50%, 02/07/35<sup>(a)</sup> | &nbsp;&nbsp; 8815 | 9240921 |
| 6.53%, 03/19/32<sup>(a)</sup> | &nbsp;&nbsp; 5390 | 5738544 |
| 7.12%, 11/07/33 | &nbsp;&nbsp; 9315 | 10178945 |
| General Motors Co. |  |  |
| 5.00%, 04/01/35<sup>(a)</sup> | &nbsp;&nbsp; 5680 | 5642141 |
| 5.60%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8040 | 8471269 |
| 6.25%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4285 | 4599925 |
| General Motors Financial Co., Inc. |  |  |
| 2.70%, 06/10/31 | &nbsp;&nbsp; 6735 | 6188327 |
| 3.10%, 01/12/32 | &nbsp;&nbsp; 9516 | 8800463 |
| 5.45%, 09/06/34<sup>(a)</sup> | &nbsp;&nbsp; 6101 | 6261459 |
| 5.45%, 01/08/36<sup>(a)</sup> | &nbsp;&nbsp; 1665 | 1693920 |
| 5.60%, 06/18/31<sup>(a)</sup> | &nbsp;&nbsp; 7010 | 7365600 |
| 5.63%, 04/04/32 | &nbsp;&nbsp; 6405 | 6733352 |
| 5.90%, 01/07/35 | &nbsp;&nbsp; 7714 | 8108079 |
| 5.95%, 04/04/34<sup>(a)</sup> | &nbsp;&nbsp; 9071 | 9623368 |
| 6.10%, 01/07/34 | &nbsp;&nbsp; 10600 | 11365386 |
| 6.15%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6285 | 6713211 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 6.40%, 01/09/33<sup>(a)</sup> | &nbsp;&nbsp; $7463 | $8122546 |
| Honda Motor Co. Ltd. |  |  |
| 2.97%, 03/10/32 | &nbsp;&nbsp; 4988 | 4617686 |
| 5.34%, 07/08/35<sup>(a)</sup> | &nbsp;&nbsp; 6775 | 7014668 |
| Hyundai Capital America |  |  |
| 4.75%, 09/26/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4060 | 4136528 |
| 4.80%, 01/10/33<sup>(b)</sup> | &nbsp;&nbsp; 3500 | 3532765 |
| 5.40%, 06/24/31<sup>(b)</sup> | &nbsp;&nbsp; 4755 | 4983857 |
| 5.40%, 03/29/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2660 | 2791790 |
| 5.40%, 06/23/32<sup>(b)</sup> | &nbsp;&nbsp; 2960 | 3107650 |
| Mercedes-Benz Finance North America LLC |  |  |
| 2.45%, 03/02/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3042 | 2789698 |
| 5.00%, 01/11/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5190 | 5291077 |
| 5.05%, 08/03/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 5445 | 5582662 |
| 5.13%, 08/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3620 | 3702773 |
| 5.45%, 04/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1960 | 2054343 |
| PACCAR Financial Corp., 5.00%, 03/22/34 | &nbsp;&nbsp; 2225 | 2312908 |
| Stellantis Finance U.S., Inc. |  |  |
| 2.69%, 09/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 9862 | 8619691 |
| 6.38%, 09/12/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 5088 | 5309919 |
| 6.45%, 03/18/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 6955 | 7188901 |
| Toyota Motor Corp. |  |  |
| 2.36%, 03/25/31<sup>(a)</sup> | &nbsp;&nbsp; 3143 | 2906632 |
| 5.05%, 06/30/35<sup>(a)</sup> | &nbsp;&nbsp; 3010 | 3133147 |
| 5.12%, 07/13/33<sup>(a)</sup> | &nbsp;&nbsp; 2865 | 3003359 |
| Toyota Motor Credit Corp. |  |  |
| 1.90%, 09/12/31 | &nbsp;&nbsp; 6392 | 5698414 |
| 2.40%, 01/13/32<sup>(a)</sup> | &nbsp;&nbsp; 3098 | 2818088 |
| 4.60%, 10/10/31<sup>(a)</sup> | &nbsp;&nbsp; 7370 | 7540465 |
| 4.65%, 09/03/32 | &nbsp;&nbsp; 4640 | 4737125 |
| 4.70%, 01/12/33 | &nbsp;&nbsp; 3591 | 3677089 |
| 4.80%, 01/05/34<sup>(a)</sup> | &nbsp;&nbsp; 6405 | 6564686 |
| 5.10%, 03/21/31 | &nbsp;&nbsp; 5955 | 6231276 |
| 5.35%, 01/09/35 | &nbsp;&nbsp; 5797 | 6135852 |
| Series B, 4.80%, 01/11/36<sup>(a)</sup> | &nbsp;&nbsp; 4375 | 4414113 |
| Volkswagen Group of America Finance LLC |  |  |
| 5.60%, 03/22/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3610 | 3755832 |
| 5.65%, 03/25/32<sup>(b)</sup> | &nbsp;&nbsp; 3805 | 3981017 |
| 5.80%, 03/27/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3960 | 4153574 |
| 5.90%, 09/12/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3555 | 3768871 |
|  |  | 456613040 |
| **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.25%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 5141 | 4863539 |
| 5.15%, 09/13/34<sup>(a)</sup> | &nbsp;&nbsp; 3690 | 3787618 |
| BorgWarner, Inc., 5.40%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2985 | 3101729 |
| Lear Corp., 2.60%, 01/15/32 | &nbsp;&nbsp; 2355 | 2135685 |
| LG Energy Solution Ltd. |  |  |
| 5.50%, 07/02/34<sup>(b)</sup> | &nbsp;&nbsp; 3205 | 3356023 |
| 5.88%, 04/02/35<sup>(b)</sup> | &nbsp;&nbsp; 4695 | 4942595 |
| Magna International, Inc. |  |  |
| 5.50%, 03/21/33<sup>(a)</sup> | &nbsp;&nbsp; 3636 | 3826227 |
| 5.88%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2825 | 3025503 |
|  |  | 29038919 |
| **Banks — 24.0%** | **Banks — 24.0%** | **Banks — 24.0%** |
| ABN AMRO Bank NV |  |  |
| 3.32%, 03/13/37, (5-year CMT + 1.90%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5871 | 5386669 |
| 4.83%, 02/26/36<sup>(b)</sup> | &nbsp;&nbsp; 2400 | 2395128 |
| 5.52%, 12/03/35, (1-year CMT + 1.25%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 4805 | 4990822 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| AIB Group PLC, 5.87%, 03/28/35, (1-day SOFR <br> Index + 1.91%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; $6160 | $6564207 |
| ASB Bank Ltd., 2.38%, 10/22/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2435 | 2212311 |
| Australia & New Zealand Banking Group Ltd. |  |  |
| 5.20%, 09/30/35, (1-year CMT + <br> 1.47%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 7770 | 7917375 |
| 5.82%, 06/18/36, (1-year CMT + <br> 1.35%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 10510 | 11039895 |
| 6.74%, 12/08/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7403 | 8280331 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| 5.13%, 03/03/36 | &nbsp;&nbsp; 5200 | 5169661 |
| 6.03%, 03/13/35, (1-year CMT + 1.95%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6368 | 6810683 |
| 7.88%, 11/15/34, (1-year CMT + 3.30%)<sup>(c)</sup> | &nbsp;&nbsp; 4800 | 5607127 |
| Banco de Chile, 2.99%, 12/09/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2270 | 2099946 |
| Banco de Credito del Peru SA, 5.65%, <br> 01/15/37, (5-year CMT + 1.96%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 2620 | 2638078 |
| Banco de Credito e Inversiones SA, 2.88%, <br> 10/14/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2405 | 2238973 |
| Banco Santander Chile, 3.18%, 10/26/31<sup>(b)</sup> | &nbsp;&nbsp; 2155 | 2017145 |
| Banco Santander SA |  |  |
| 2.96%, 03/25/31<sup>(a)</sup> | &nbsp;&nbsp; 8476 | 7931311 |
| 3.23%, 11/22/32, (1-year CMT + 1.60%)<sup>(c)</sup> | &nbsp;&nbsp; 7229 | 6668087 |
| 5.13%, 11/06/35 | &nbsp;&nbsp; 5855 | 5891822 |
| 5.44%, 07/15/31 | &nbsp;&nbsp; 11520 | 12185020 |
| 6.03%, 01/17/35 | &nbsp;&nbsp; 6745 | 7268371 |
| 6.35%, 03/14/34<sup>(a)</sup> | &nbsp;&nbsp; 8620 | 9307740 |
| 6.92%, 08/08/33 | &nbsp;&nbsp; 14040 | 15614440 |
| 6.94%, 11/07/33<sup>(a)</sup> | &nbsp;&nbsp; 9750 | 11267075 |
| Bangkok Bank PCL/Hong Kong |  |  |
| 3.47%, 09/23/36, (5-year CMT + <br> 2.15%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5735 | 5279132 |
| 5.08%, 11/26/35<sup>(b)</sup> | &nbsp;&nbsp; 975 | 988766 |
| 5.50%, 09/21/33<sup>(b)</sup> | &nbsp;&nbsp; 4855 | 5091142 |
| 5.65%, 07/05/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 8055 | 8508345 |
| 6.06%, 03/25/40, (5-year CMT + 1.78%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6380 | 6647845 |
| Bank of America Corp. |  |  |
| 2.30%, 07/21/32, (1-day SOFR + 1.22%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 26655 | 24047920 |
| 2.48%, 09/21/36, (5-year CMT + 1.20%)<sup>(c)</sup> | &nbsp;&nbsp; 16948 | 14996553 |
| 2.57%, 10/20/32, (1-day SOFR + 1.21%)<sup>(c)</sup> | &nbsp;&nbsp; 23640 | 21536716 |
| 2.69%, 04/22/32, (1-day SOFR + 1.32%)<sup>(c)</sup> | &nbsp;&nbsp; 29538 | 27349871 |
| 2.97%, 02/04/33, (1-day SOFR + 1.33%)<sup>(c)</sup> | &nbsp;&nbsp; 26318 | 24328322 |
| 3.85%, 03/08/37, (5-year CMT + 2.00%)<sup>(c)</sup> | &nbsp;&nbsp; 17328 | 16398986 |
| 4.57%, 04/27/33, (1-day SOFR + 1.83%)<sup>(c)</sup> | &nbsp;&nbsp; 28349 | 28464342 |
| 5.02%, 07/22/33, (1-day SOFR + 2.16%)<sup>(c)</sup> | &nbsp;&nbsp; 34628 | 35645497 |
| 5.05%, 02/06/37, (1-day SOFR + 1.13%)<sup>(c)</sup> | &nbsp;&nbsp; 18750 | 19020438 |
| 5.29%, 04/25/34, (1-day SOFR + 1.91%)<sup>(c)</sup> | &nbsp;&nbsp; 34183 | 35476633 |
| 5.43%, 08/15/35, (1-day SOFR + 1.91%)<sup>(c)</sup> | &nbsp;&nbsp; 17090 | 17507244 |
| 5.46%, 05/09/36, (1-day SOFR + 1.64%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 13715 | 14366189 |
| 5.47%, 01/23/35, (1-day SOFR + 1.65%)<sup>(c)</sup> | &nbsp;&nbsp; 34615 | 36276390 |
| 5.51%, 01/24/36, (1-day SOFR + 1.31%)<sup>(c)</sup> | &nbsp;&nbsp; 23700 | 24875329 |
| 5.52%, 10/25/35, (1-day SOFR + 1.74%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 24313 | 24950461 |
| 5.74%, 02/12/36, (1-day SOFR + 1.70%)<sup>(c)</sup> | &nbsp;&nbsp; 15950 | 16669573 |
| 5.87%, 09/15/34, (1-day SOFR + 1.84%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 25717 | 27611044 |
| Series N, 2.65%, 03/11/32, (1-day SOFR + <br> 1.22%)<sup>(c)</sup><br>| &nbsp;&nbsp; 500 | 463583 |
| Bank of Montreal |  |  |
| 3.09%, 01/10/37, (5-year CMT + 1.40%)<sup>(c)</sup> | &nbsp;&nbsp; 7922 | 7230588 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 6411 | 6794535 |
| 7.30%, 11/26/84, (5-year CMT + 3.01%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5450 | 5802882 |
| Bank of New York Mellon Corp.(The) |  |  |
| 1.80%, 07/28/31 | &nbsp;&nbsp; 240 | 213702 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.50%, 01/26/32<sup>(a)</sup> | &nbsp;&nbsp; $3774 | $3459019 |
| 4.29%, 06/13/33, (1-day SOFR + 1.42%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4920 | 4882538 |
| 4.71%, 02/01/34, (1-day SOFR + 1.51%)<sup>(c)</sup> | &nbsp;&nbsp; 5083 | 5146270 |
| 4.97%, 04/26/34, (1-day SOFR + 1.61%)<sup>(c)</sup> | &nbsp;&nbsp; 6896 | 7074995 |
| 5.06%, 07/22/32, (1-day SOFR + 1.23%)<sup>(c)</sup> | &nbsp;&nbsp; 9065 | 9432166 |
| 5.19%, 03/14/35, (1-day SOFR + 1.42%)<sup>(c)</sup> | &nbsp;&nbsp; 7119 | 7405823 |
| 5.23%, 11/20/35, (1-day SOFR + 1.25%)<sup>(c)</sup> | &nbsp;&nbsp; 4950 | 5154203 |
| 5.32%, 06/06/36, (1-day SOFR + 1.35%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7300 | 7621090 |
| 5.61%, 07/21/39, (1-day SOFR + 1.77%)<sup>(c)</sup> | &nbsp;&nbsp; 3085 | 3244274 |
| 5.83%, 10/25/33, (1-day SOFR Index + <br> 2.07%)<sup>(c)</sup><br>| &nbsp;&nbsp; 9677 | 10479569 |
| 6.47%, 10/25/34, (1-day SOFR + 1.85%)<sup>(c)</sup> | &nbsp;&nbsp; 7004 | 7851743 |
| Bank of New Zealand, 2.87%, 01/27/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1140 | 1061044 |
| Bank of Nova Scotia(The) |  |  |
| 2.15%, 08/01/31 | &nbsp;&nbsp; 5240 | 4738060 |
| 2.45%, 02/02/32 | &nbsp;&nbsp; 5406 | 4897196 |
| 4.59%, 05/04/37, (5-year CMT + 2.05%)<sup>(c)</sup> | &nbsp;&nbsp; 8195 | 8063876 |
| 4.74%, 11/10/32, (1-day SOFR + 1.44%)<sup>(c)</sup> | &nbsp;&nbsp; 5624 | 5724913 |
| 4.81%, 02/02/34, (1-day SOFR + 1.05%)<sup>(c)</sup> | &nbsp;&nbsp; 7645 | 7733124 |
| 5.65%, 02/01/34 | &nbsp;&nbsp; 5900 | 6315615 |
| 6.88%, 10/27/85, (5-year CMT + 2.73%)<sup>(c)</sup> | &nbsp;&nbsp; 5895 | 6086558 |
| Banque Federative du Credit Mutuel SA, 5.11%, <br> 01/15/36<sup>(b)</sup><br>| &nbsp;&nbsp; 4535 | 4583219 |
| Barclays PLC |  |  |
| 2.67%, 03/10/32, (1-year CMT + 1.20%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6263 | 5760469 |
| 2.89%, 11/24/32, (1-year CMT + 1.30%)<sup>(c)</sup> | &nbsp;&nbsp; 9568 | 8769670 |
| 5.21%, 02/24/37, (1-day SOFR + 1.51%)<sup>(c)</sup> | &nbsp;&nbsp; 7240 | 7233167 |
| 5.34%, 09/10/35, (1-day SOFR + 1.91%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 13240 | 13547875 |
| 5.75%, 08/09/33, (1-year CMT + 3.00%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 8087 | 8558243 |
| 5.79%, 02/25/36, (1-day SOFR + 1.59%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 14155 | 14829591 |
| 6.22%, 05/09/34, (1-day SOFR + 2.98%)<sup>(c)</sup> | &nbsp;&nbsp; 13513 | 14620432 |
| 6.69%, 09/13/34, (1-day SOFR + 2.62%)<sup>(c)</sup> | &nbsp;&nbsp; 10250 | 11409320 |
| 7.12%, 06/27/34, (1-day SOFR + 3.57%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 10075 | 11314070 |
| 7.44%, 11/02/33, (1-year CMT + 3.50%)<sup>(c)</sup> | &nbsp;&nbsp; 14894 | 17094768 |
| Blackstone Reg Finance Co. LLC |  |  |
| 4.95%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 3965 | 3928395 |
| 5.00%, 12/06/34<sup>(a)</sup> | &nbsp;&nbsp; 4795 | 4811512 |
| BNP Paribas SA |  |  |
| 2.87%, 04/19/32, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 14382 | 13310093 |
| 3.13%, 01/20/33, (1-day SOFR + 1.56%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9458 | 8739323 |
| 4.92%, 01/15/34, (1-day SOFR + <br> 1.29%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 8200 | 8239366 |
| 5.74%, 02/20/35, (1-day SOFR + 1.88%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 10515 | 11137937 |
| 5.79%, 01/13/33, (1-day SOFR + <br> 1.62%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 15571 | 16491983 |
| 5.89%, 12/05/34, (1-day SOFR + 1.87%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 14950 | 16038968 |
| 5.91%, 11/19/35, (1-day SOFR + 1.92%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 13370 | 13966509 |
| BOKF N.A., 6.11%, 11/06/40, (5-year CMT + <br> 2.00%)<sup>(c)</sup><br>| &nbsp;&nbsp; 40 | 41904 |
| BPCE SA |  |  |
| 3.12%, 10/19/32, (1-day SOFR + 1.73%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7211 | 6548495 |
| 3.65%, 01/14/37, (5-year CMT + <br> 1.90%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5020 | 4643340 |
| 5.42%, 01/13/37, (1-day SOFR + <br> 1.57%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 4750 | 4782697 |
| 5.75%, 07/19/33, (1-day SOFR + 2.87%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5998 | 6298884 |
| 5.94%, 05/30/35, (1-day SOFR + 1.85%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 11140 | 11756220 |
| 6.03%, 05/28/36, (1-day SOFR + 1.96%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6655 | 7019044 |
| 6.29%, 01/14/36, (1-day SOFR + 2.04%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 10790 | 11622482 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.51%, 01/18/35, (1-day SOFR + <br> 2.79%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; $7410 | $7895386 |
| 7.00%, 10/19/34, (1-day SOFR + 2.59%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 8668 | 9741506 |
| Brookfield Finance, Inc., 6.30%, 01/15/55, <br> (5-year CMT + 2.08%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 4085 | 4046451 |
| CaixaBank SA |  |  |
| 5.58%, 07/03/36, (1-day SOFR + <br> 1.79%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 6685 | 6935934 |
| 6.04%, 06/15/35, (1-day SOFR + 2.26%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6863 | 7364754 |
| 6.84%, 09/13/34, (1-day SOFR + 2.77%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6715 | 7538197 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.60%, 04/07/32 | &nbsp;&nbsp; 5525 | 5324515 |
| 6.09%, 10/03/33 | &nbsp;&nbsp; 6650 | 7298469 |
| Citibank N.A., 5.57%, 04/30/34<sup>(a)</sup> | &nbsp;&nbsp; 13975 | 14860114 |
| Citigroup, Inc. |  |  |
| 2.52%, 11/03/32, (1-day SOFR + 1.18%)<sup>(c)</sup> | &nbsp;&nbsp; 12023 | 10876201 |
| 2.56%, 05/01/32, (1-day SOFR + 1.17%)<sup>(c)</sup> | &nbsp;&nbsp; 20152 | 18445894 |
| 3.06%, 01/25/33, (1-day SOFR + 1.35%)<sup>(c)</sup> | &nbsp;&nbsp; 21560 | 19936615 |
| 3.79%, 03/17/33, (1-day SOFR + 1.94%)<sup>(c)</sup> | &nbsp;&nbsp; 20770 | 19986414 |
| 4.91%, 05/24/33, (1-day SOFR + 2.09%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 17053 | 17404122 |
| 5.17%, 09/11/36, (1-day SOFR + 1.49%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 15470 | 15740057 |
| 5.33%, 03/27/36, (1-day SOFR + 1.47%)<sup>(c)</sup> | &nbsp;&nbsp; 17270 | 17802221 |
| 5.41%, 09/19/39, (5-year CMT + 1.73%)<sup>(c)</sup> | &nbsp;&nbsp; 8075 | 8132907 |
| 5.45%, 06/11/35, (1-day SOFR + 1.45%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 18270 | 19054745 |
| 5.83%, 02/13/35, (1-day SOFR + 2.06%)<sup>(c)</sup> | &nbsp;&nbsp; 18234 | 18971807 |
| 5.88%, 02/22/33 | &nbsp;&nbsp; 3421 | 3681350 |
| 6.00%, 10/31/33 | &nbsp;&nbsp; 5000 | 5386847 |
| 6.02%, 01/24/36, (1-day SOFR + 1.83%)<sup>(c)</sup> | &nbsp;&nbsp; 20762 | 21788635 |
| 6.17%, 05/25/34, (1-day SOFR + 2.66%)<sup>(c)</sup> | &nbsp;&nbsp; 22693 | 24225532 |
| 6.27%, 11/17/33, (1-day SOFR + 2.34%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 19230 | 21101887 |
| 6.63%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7619 | 8487509 |
| Citizens Financial Group, Inc. |  |  |
| 2.64%, 09/30/32 | &nbsp;&nbsp; 4010 | 3526220 |
| 5.64%, 05/21/37, (5-year CMT + 2.75%)<sup>(c)</sup> | &nbsp;&nbsp; 2053 | 2109733 |
| 5.72%, 07/23/32, (1-day SOFR + 1.91%)<sup>(c)</sup> | &nbsp;&nbsp; 9865 | 10392185 |
| 6.65%, 04/25/35, (1-day SOFR + 2.33%)<sup>(c)</sup> | &nbsp;&nbsp; 5135 | 5683507 |
| Commonwealth Bank of Australia |  |  |
| 1.88%, 09/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4928 | 4425548 |
| 2.69%, 03/11/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 8955 | 8281107 |
| 3.78%, 03/14/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7100 | 6856327 |
| 5.84%, 03/13/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 7790 | 8294410 |
| Cooperatieve Rabobank UA |  |  |
| 3.76%, 04/06/33, (1-year CMT + 1.42%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6378 | 6127826 |
| 5.71%, 01/21/33, (1-year CMT + <br> 1.00%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5410 | 5754102 |
| Credit Agricole SA |  |  |
| 4.82%, 09/25/33, (1-day SOFR + 1.36%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6555 | 6604462 |
| 5.26%, 01/12/37, (1-day SOFR + <br> 1.43%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 11855 | 11976374 |
| 5.37%, 03/11/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5925 | 6230530 |
| 5.51%, 07/05/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 4920 | 5209223 |
| 5.86%, 01/09/36, (1-day SOFR + <br> 1.74%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 11730 | 12467586 |
| 6.25%, 01/10/35, (1-day SOFR + 2.67%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9950 | 10581370 |
| Deutsche Bank AG/New York NY |  |  |
| 3.04%, 05/28/32, (1-day SOFR + 1.72%)<sup>(c)</sup> | &nbsp;&nbsp; 6675 | 6187383 |
| 3.74%, 01/07/33, (1-day SOFR + 2.26%)<sup>(c)</sup> | &nbsp;&nbsp; 7805 | 7321382 |
| 5.40%, 09/11/35, (1-day SOFR + 2.05%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 8675 | 8894778 |
| 7.08%, 02/10/34, (1-day SOFR + 3.65%)<sup>(c)</sup> | &nbsp;&nbsp; 10160 | 11175405 |
| Fifth Third Bancorp |  |  |
| 4.34%, 04/25/33, (1-day SOFR + 1.66%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 3198 | 3159816 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.14%, 01/29/37, (1-day SOFR + 1.24%)<sup>(c)</sup> | &nbsp;&nbsp; $6910 | $6931292 |
| Fifth Third Bank N.A., 5.33%, 08/25/33, (1-day <br> SOFR + 2.61%)<sup>(c)</sup><br>| &nbsp;&nbsp; 2578 | 2653244 |
| First Citizens BancShares, Inc., 6.25%, <br> 03/12/40, (5-year CMT + 1.97%)<sup>(c)</sup><br>| &nbsp;&nbsp; 3890 | 3961432 |
| Goldman Sachs Capital I, 6.35%, 02/15/34 | &nbsp;&nbsp; 4735 | 5091127 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 2.38%, 07/21/32, (1-day SOFR + 1.25%)<sup>(c)</sup> | &nbsp;&nbsp; 28846 | 26017756 |
| 2.65%, 10/21/32, (1-day SOFR + 1.26%)<sup>(c)</sup> | &nbsp;&nbsp; 25385 | 23117559 |
| 3.10%, 02/24/33, (1-day SOFR + 1.41%)<sup>(c)</sup> | &nbsp;&nbsp; 26848 | 24911062 |
| 4.94%, 10/21/36, (1-day SOFR + 1.33%)<sup>(c)</sup> | &nbsp;&nbsp; 24745 | 24656992 |
| 5.02%, 10/23/35, (1-day SOFR + 1.42%)<sup>(c)</sup> | &nbsp;&nbsp; 24490 | 24743864 |
| 5.07%, 01/21/37, (1-day SOFR + 1.19%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 30535 | 30749770 |
| 5.33%, 07/23/35, (1-day SOFR + 1.55%)<sup>(c)</sup> | &nbsp;&nbsp; 22800 | 23534990 |
| 5.39%, 02/02/41, (5-year CMT + 1.18%)<sup>(c)</sup> | &nbsp;&nbsp; 12840 | 12743200 |
| 5.54%, 01/28/36, (1-day SOFR + 1.38%)<sup>(c)</sup> | &nbsp;&nbsp; 21974 | 22982003 |
| 5.85%, 04/25/35, (1-day SOFR + 1.55%)<sup>(c)</sup> | &nbsp;&nbsp; 19470 | 20759472 |
| 6.13%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 7579 | 8312438 |
| 6.56%, 10/24/34, (1-day SOFR + 1.95%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 8715 | 9719862 |
| HBOS PLC, 6.00%, 11/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 680 | 721875 |
| HSBC Bank USA N.A |  |  |
| 5.63%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1065 | 1117669 |
| 5.88%, 11/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1905 | 2040521 |
| HSBC Holdings PLC |  |  |
| 2.80%, 05/24/32, (1-day SOFR + 1.19%)<sup>(c)</sup> | &nbsp;&nbsp; 20861 | 19267866 |
| 2.87%, 11/22/32, (1-day SOFR + 1.41%)<sup>(c)</sup> | &nbsp;&nbsp; 13507 | 12426071 |
| 4.76%, 03/29/33, (1-day SOFR + 2.53%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 13643 | 13662537 |
| 5.13%, 11/06/36, (1-day SOFR + 1.43%)<sup>(c)</sup> | &nbsp;&nbsp; 11210 | 11322942 |
| 5.40%, 08/11/33, (1-day SOFR + 2.87%)<sup>(c)</sup> | &nbsp;&nbsp; 16947 | 17693944 |
| 5.45%, 03/03/36, (1-day SOFR + 1.56%)<sup>(c)</sup> | &nbsp;&nbsp; 17460 | 18157621 |
| 5.72%, 03/04/35, (1-day SOFR + 1.78%)<sup>(c)</sup> | &nbsp;&nbsp; 9695 | 10304712 |
| 5.73%, 05/17/32, (1-day SOFR + 1.52%)<sup>(c)</sup> | &nbsp;&nbsp; 10635 | 11276380 |
| 5.74%, 09/10/36, (1-day SOFR + 1.96%)<sup>(c)</sup> | &nbsp;&nbsp; 8970 | 9285870 |
| 5.79%, 05/13/36, (1-day SOFR + 1.88%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 17470 | 18570827 |
| 5.87%, 11/18/35, (1-day SOFR + 1.90%)<sup>(c)</sup> | &nbsp;&nbsp; 12870 | 13510868 |
| 6.25%, 03/09/34, (1-day SOFR + 2.39%)<sup>(c)</sup> | &nbsp;&nbsp; 15471 | 16913728 |
| 6.55%, 06/20/34, (1-day SOFR + 2.98%)<sup>(c)</sup> | &nbsp;&nbsp; 14055 | 15261920 |
| 7.40%, 11/13/34, (1-day SOFR + 3.02%)<sup>(c)</sup> | &nbsp;&nbsp; 14695 | 16828401 |
| 8.11%, 11/03/33, (1-day SOFR + 4.25%)<sup>(c)</sup> | &nbsp;&nbsp; 13382 | 15806274 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.49%, 08/15/36, (5-year CMT + 1.17%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4126 | 3644790 |
| 5.02%, 05/17/33, (1-day SOFR + 2.05%)<sup>(c)</sup> | &nbsp;&nbsp; 1968 | 2009316 |
| 5.61%, 01/28/41, (5-year CMT + 1.35%)<sup>(c)</sup> | &nbsp;&nbsp; 3575 | 3592298 |
| 5.71%, 02/02/35, (1-day SOFR Index + <br> 1.87%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 8230 | 8669229 |
| 6.14%, 11/18/39, (5-year CMT + 1.70%)<sup>(c)</sup> | &nbsp;&nbsp; 4080 | 4284587 |
| ING Groep NV |  |  |
| 2.73%, 04/01/32, (1-day SOFR + 1.32%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4342 | 4033134 |
| 4.25%, 03/28/33, (1-day SOFR + 2.07%)<sup>(c)</sup> | &nbsp;&nbsp; 5915 | 5858098 |
| 5.53%, 03/25/36, (1-day SOFR + 1.61%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6855 | 7181161 |
| 5.55%, 03/19/35, (1-day SOFR + 1.77%)<sup>(c)</sup> | &nbsp;&nbsp; 10295 | 10791526 |
| 6.11%, 09/11/34, (1-day SOFR + 2.09%)<sup>(c)</sup> | &nbsp;&nbsp; 7605 | 8284869 |
| Intesa Sanpaolo SpA |  |  |
| 4.20%, 06/01/32, (1-year CMT + 2.60%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 4365 | 4218258 |
| 6.63%, 06/20/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 8320 | 9277239 |
| 7.20%, 11/28/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 9960 | 11520509 |
| 8.25%, 11/21/33, (1-year CMT + <br> 4.40%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 7933 | 9484967 |
| JPMorgan Chase & Co. |  |  |
| 2.55%, 11/08/32, (1-day SOFR + 1.18%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 20938 | 19069619 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.58%, 04/22/32, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(c)</sup><br>| &nbsp;&nbsp; $22662 | $20915076 |
| 2.96%, 01/25/33, (1-day SOFR + 1.26%)<sup>(c)</sup> | &nbsp;&nbsp; 25641 | 23781716 |
| 4.59%, 04/26/33, (1-day SOFR + 1.80%)<sup>(c)</sup> | &nbsp;&nbsp; 17212 | 17392484 |
| 4.81%, 10/22/36, (1-day SOFR + 1.19%)<sup>(c)</sup> | &nbsp;&nbsp; 20264 | 20225658 |
| 4.90%, 01/22/37, (1-day SOFR + 1.07%)<sup>(c)</sup> | &nbsp;&nbsp; 20490 | 20612753 |
| 4.91%, 07/25/33, (1-day SOFR + 2.08%)<sup>(c)</sup> | &nbsp;&nbsp; 30557 | 31330569 |
| 4.95%, 10/22/35, (1-day SOFR + 1.34%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 23090 | 23448571 |
| 5.19%, 02/05/37, (1-day SOFR + 1.30%)<sup>(c)</sup> | &nbsp;&nbsp; 10225 | 10329163 |
| 5.29%, 07/22/35, (1-day SOFR + 1.46%)<sup>(c)</sup> | &nbsp;&nbsp; 26645 | 27668901 |
| 5.34%, 01/23/35, (1-day SOFR + 1.62%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 21881 | 22804799 |
| 5.35%, 06/01/34, (1-day SOFR + 1.85%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 30502 | 31921114 |
| 5.50%, 01/24/36, (1-day SOFR + 1.32%)<sup>(c)</sup> | &nbsp;&nbsp; 20360 | 21415625 |
| 5.57%, 04/22/36, (1-day SOFR + 1.68%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 24361 | 25760730 |
| 5.58%, 07/23/36, (1-day SOFR + 1.64%)<sup>(c)</sup> | &nbsp;&nbsp; 25736 | 26765344 |
| 5.72%, 09/14/33, (1-day SOFR + 2.58%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 24014 | 25444461 |
| 5.77%, 04/22/35, (1-day SOFR + 1.49%)<sup>(c)</sup> | &nbsp;&nbsp; 22542 | 24145492 |
| 6.25%, 10/23/34, (1-day SOFR + 1.81%)<sup>(c)</sup> | &nbsp;&nbsp; 20350 | 22377792 |
| KBC Group NV, 6.32%, 09/21/34, (1-year CMT <br> + 2.05%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 5680 | 6257934 |
| KeyBank N.A. |  |  |
| 4.90%, 08/08/32 | &nbsp;&nbsp; 4575 | 4597752 |
| 5.00%, 01/26/33 | &nbsp;&nbsp; 6403 | 6478763 |
| KeyCorp |  |  |
| 4.79%, 06/01/33, (1-day SOFR Index + <br> 2.06%)<sup>(c)</sup><br>| &nbsp;&nbsp; 4843 | 4867468 |
| 5.31%, 01/28/37, (1-day SOFR + 1.37%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4480 | 4519651 |
| 6.40%, 03/06/35, (1-day SOFR + 2.42%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6585 | 7181271 |
| KKR Group Finance Co. XII LLC, 4.85%, <br> 05/17/32<sup>(b)</sup><br>| &nbsp;&nbsp; 5420 | 5409637 |
| Lloyds Banking Group PLC |  |  |
| 4.94%, 11/04/36, (1-year CMT + 0.97%)<sup>(c)</sup> | &nbsp;&nbsp; 9510 | 9455776 |
| 4.98%, 08/11/33, (1-year CMT + 2.30%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7789 | 7983429 |
| 5.59%, 11/26/35, (1-year CMT + 1.20%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7345 | 7726766 |
| 5.68%, 01/05/35, (1-year CMT + 1.75%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 13230 | 14019095 |
| 6.07%, 06/13/36, (1-year CMT + 1.60%)<sup>(c)</sup> | &nbsp;&nbsp; 8710 | 9156503 |
| 7.95%, 11/15/33, (1-year CMT + 3.75%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6360 | 7463825 |
| M&T Bank Corp. |  |  |
| 5.05%, 01/27/34, (1-day SOFR + 1.85%)<sup>(c)</sup> | &nbsp;&nbsp; 5983 | 6078240 |
| 5.39%, 01/16/36, (1-day SOFR + 1.61%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6755 | 6945429 |
| 6.08%, 03/13/32, (1-day SOFR + 2.26%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4085 | 4370482 |
| Macquarie Bank Ltd. |  |  |
| 3.05%, 03/03/36, (5-year CMT + 1.70%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5893 | 5435735 |
| 5.64%, 08/13/36, (1-year CMT + <br> 1.45%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 7165 | 7370157 |
| 6.80%, 01/18/33<sup>(b)</sup> | &nbsp;&nbsp; 6468 | 7160913 |
| Macquarie Group Ltd. |  |  |
| 2.69%, 06/23/32, (1-day SOFR + 1.44%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7040 | 6474661 |
| 2.87%, 01/14/33, (1-day SOFR + <br> 1.53%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 8258 | 7558609 |
| 4.44%, 06/21/33, (1-day SOFR + 2.41%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 3425 | 3411911 |
| 5.49%, 11/09/33, (1-day SOFR + <br> 2.87%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5300 | 5590111 |
| 5.89%, 06/15/34, (1-day SOFR + 2.38%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5730 | 6150972 |
| 6.26%, 12/07/34, (1-day SOFR + <br> 2.30%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 6760 | 7454425 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 2.31%, 07/20/32, (1-year CMT + 0.95%)<sup>(c)</sup> | &nbsp;&nbsp; 13650 | 12344612 |
| 2.49%, 10/13/32, (1-year CMT + 0.97%)<sup>(c)</sup> | &nbsp;&nbsp; 6522 | 5922000 |
| 2.85%, 01/19/33, (1-year CMT + 1.10%)<sup>(c)</sup> | &nbsp;&nbsp; 8415 | 7742561 |
| 4.32%, 04/19/33, (1-year CMT + 1.55%)<sup>(c)</sup> | &nbsp;&nbsp; 4895 | 4869375 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.06%, 01/14/37, (1-year CMT + 0.90%)<sup>(c)</sup> | &nbsp;&nbsp; $6720 | $6798598 |
| 5.13%, 07/20/33, (1-year CMT + 2.13%)<sup>(c)</sup> | &nbsp;&nbsp; 10043 | 10422027 |
| 5.19%, 09/12/36, (1-year CMT + 0.93%)<sup>(c)</sup> | &nbsp;&nbsp; 7840 | 8030371 |
| 5.41%, 04/19/34, (1-year CMT + 1.97%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6138 | 6468266 |
| 5.43%, 04/17/35, (1-year CMT + 1.00%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9698 | 10181829 |
| 5.44%, 02/22/34, (1-year CMT + 1.63%)<sup>(c)</sup> | &nbsp;&nbsp; 8008 | 8443793 |
| 5.47%, 09/13/33, (1-year CMT + 2.13%)<sup>(c)</sup> | &nbsp;&nbsp; 5065 | 5353155 |
| 5.57%, 01/16/36, (1-year CMT + 0.95%)<sup>(c)</sup> | &nbsp;&nbsp; 10405 | 10989189 |
| 5.62%, 04/24/36, (1-year CMT + 1.27%)<sup>(c)</sup> | &nbsp;&nbsp; 13295 | 14064600 |
| Mizuho Financial Group, Inc. |  |  |
| 2.17%, 05/22/32, (1-year CMT + 0.87%)<sup>(c)</sup> | &nbsp;&nbsp; 4216 | 3794981 |
| 2.26%, 07/09/32, (1-year CMT + 0.90%)<sup>(c)</sup> | &nbsp;&nbsp; 4135 | 3724896 |
| 2.56%, 09/13/31<sup>(a)</sup> | &nbsp;&nbsp; 6803 | 6189564 |
| 4.44%, 05/12/32, (1-year CMT + 0.70%)<sup>(c)</sup> | &nbsp;&nbsp; 1900 | 1910891 |
| 5.05%, 05/12/37, (1-year CMT + 0.85%)<sup>(c)</sup> | &nbsp;&nbsp; 3800 | 3848495 |
| 5.32%, 07/08/36, (1-year CMT + 1.07%)<sup>(c)</sup> | &nbsp;&nbsp; 7270 | 7534348 |
| 5.42%, 05/13/36, (1-year CMT + 0.98%)<sup>(c)</sup> | &nbsp;&nbsp; 7050 | 7374964 |
| 5.58%, 05/26/35, (1-year CMT + 1.30%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5230 | 5542839 |
| 5.59%, 07/10/35, (1-year CMT + 1.30%)<sup>(c)</sup> | &nbsp;&nbsp; 4475 | 4744079 |
| 5.67%, 09/13/33, (1-year CMT + 2.40%)<sup>(c)</sup> | &nbsp;&nbsp; 4273 | 4574423 |
| 5.75%, 05/27/34, (1-year CMT + 1.80%)<sup>(c)</sup> | &nbsp;&nbsp; 5998 | 6404143 |
| 5.75%, 07/06/34, (1-year CMT + 1.90%)<sup>(c)</sup> | &nbsp;&nbsp; 7300 | 7801995 |
| Morgan Stanley |  |  |
| 1.93%, 04/28/32, (1-day SOFR + 1.02%)<sup>(c)</sup> | &nbsp;&nbsp; 18190 | 16143104 |
| 2.24%, 07/21/32, (1-day SOFR + 1.18%)<sup>(c)</sup> | &nbsp;&nbsp; 23688 | 21240942 |
| 2.48%, 09/16/36, (1-day SOFR + 1.36%)<sup>(c)</sup> | &nbsp;&nbsp; 24625 | 21801685 |
| 2.51%, 10/20/32, (1-day SOFR + 1.20%)<sup>(c)</sup> | &nbsp;&nbsp; 20757 | 18811671 |
| 2.94%, 01/21/33, (1-day SOFR + 1.29%)<sup>(c)</sup> | &nbsp;&nbsp; 19081 | 17575086 |
| 4.89%, 07/20/33, (1-day SOFR + 2.08%)<sup>(c)</sup> | &nbsp;&nbsp; 14171 | 14454367 |
| 5.07%, 01/30/37, (1-day SOFR + 1.18%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 20200 | 20372189 |
| 5.25%, 04/21/34, (1-day SOFR + 1.87%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 23253 | 24092018 |
| 5.30%, 04/20/37, (1-day SOFR + 2.62%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 15335 | 15707569 |
| 5.31%, 01/18/41, (5-year CMT + 1.17%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5860 | 5830223 |
| 5.32%, 07/19/35, (1-day SOFR + 1.56%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 22490 | 23287276 |
| 5.42%, 07/21/34, (1-day SOFR + 1.88%)<sup>(c)</sup> | &nbsp;&nbsp; 18060 | 18862381 |
| 5.47%, 01/18/35, (1-day SOFR + 1.73%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 16490 | 17261993 |
| 5.59%, 01/18/36, (1-day SOFR + 1.42%)<sup>(c)</sup> | &nbsp;&nbsp; 20799 | 21865186 |
| 5.66%, 04/17/36, (1-day SOFR + 1.76%)<sup>(c)</sup> | &nbsp;&nbsp; 20825 | 22007773 |
| 5.83%, 04/19/35, (1-day SOFR + 1.58%)<sup>(c)</sup> | &nbsp;&nbsp; 21087 | 22533829 |
| 5.94%, 02/07/39, (5-year CMT + 1.80%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 11050 | 11646005 |
| 5.95%, 01/19/38, (5-year CMT + 2.43%)<sup>(c)</sup> | &nbsp;&nbsp; 14475 | 15252818 |
| 6.34%, 10/18/33, (1-day SOFR + 2.56%)<sup>(c)</sup> | &nbsp;&nbsp; 21510 | 23673522 |
| 6.63%, 11/01/34, (1-day SOFR + 2.05%)<sup>(c)</sup> | &nbsp;&nbsp; 14645 | 16452603 |
| 7.25%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 7374 | 8529274 |
| Series I, 4.89%, 10/22/36, (1-day SOFR + <br> 1.31%)<sup>(c)</sup><br>| &nbsp;&nbsp; 20240 | 20136122 |
| National Australia Bank Ltd. |  |  |
| 3.35%, 01/12/37, (5-year CMT + 1.70%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7705 | 7148261 |
| 4.95%, 01/10/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 4850 | 5043935 |
| 5.18%, 06/11/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 6085 | 6413617 |
| 5.90%, 01/14/36, (1-year CMT + <br> 1.30%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 8675 | 9249036 |
| 6.43%, 01/12/33<sup>(b)</sup> | &nbsp;&nbsp; 7333 | 8034829 |
| NatWest Group PLC |  |  |
| 5.78%, 03/01/35, (1-year CMT + 1.50%)<sup>(c)</sup> | &nbsp;&nbsp; 9710 | 10328341 |
| 6.02%, 03/02/34, (1-year CMT + 2.10%)<sup>(c)</sup> | &nbsp;&nbsp; 6178 | 6668484 |
| Norinchukin Bank(The) |  |  |
| 2.08%, 09/22/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3465 | 3072995 |
| 5.07%, 09/14/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1975 | 2032739 |
| 5.36%, 09/09/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 2930 | 3008383 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Northern Trust Corp. |  |  |
| 5.12%, 11/19/40, (5-year CMT + 1.05%)<sup>(c)</sup> | &nbsp;&nbsp; $3730 | $3739316 |
| 6.13%, 11/02/32<sup>(a)</sup> | &nbsp;&nbsp; 5853 | 6408942 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.31%, 04/23/32, (1-day SOFR + 0.98%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6357 | 5797906 |
| 4.63%, 06/06/33, (1-day SOFR Index + <br> 1.85%)<sup>(c)</sup><br>| &nbsp;&nbsp; 6103 | 6088618 |
| 4.81%, 10/21/32, (1-day SOFR + 1.26%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 11769 | 12033254 |
| 5.07%, 01/24/34, (1-day SOFR + 1.93%)<sup>(c)</sup> | &nbsp;&nbsp; 10588 | 10941519 |
| 5.37%, 07/21/36, (1-day SOFR + 1.42%)<sup>(c)</sup> | &nbsp;&nbsp; 10805 | 11202404 |
| 5.40%, 07/23/35, (1-day SOFR + 1.60%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 10041 | 10458984 |
| 5.42%, 01/25/41, (5-year CMT + 1.17%)<sup>(c)</sup> | &nbsp;&nbsp; 7470 | 7551873 |
| 5.58%, 01/29/36, (1-day SOFR + 1.39%)<sup>(c)</sup> | &nbsp;&nbsp; 12260 | 12903280 |
| 5.68%, 01/22/35, (1-day SOFR + 1.90%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 10315 | 10947844 |
| 5.94%, 08/18/34, (1-day SOFR + 1.95%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5141 | 5554596 |
| 6.04%, 10/28/33, (1-day SOFR Index + <br> 2.14%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10485 | 11386043 |
| 6.88%, 10/20/34, (1-day SOFR + 2.28%)<sup>(c)</sup> | &nbsp;&nbsp; 15505 | 17632899 |
| Regions Financial Corp., 5.50%, 09/06/35, <br> (1-day SOFR + 2.06%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 6080 | 6301944 |
| Royal Bank of Canada |  |  |
| 2.30%, 11/03/31 | &nbsp;&nbsp; 10582 | 9659725 |
| 3.88%, 05/04/32 | &nbsp;&nbsp; 6822 | 6712974 |
| 5.00%, 02/01/33 | &nbsp;&nbsp; 11701 | 12140193 |
| 5.00%, 05/02/33 | &nbsp;&nbsp; 6123 | 6349797 |
| 5.15%, 02/01/34 | &nbsp;&nbsp; 8427 | 8872971 |
| 6.35%, 11/24/84, (5-year CMT + 2.26%)<sup>(c)</sup> | &nbsp;&nbsp; 6525 | 6462922 |
| Santander Holdings USA, Inc., 6.34%, <br> 05/31/35, (1-day SOFR + 2.14%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 4905 | 5282948 |
| Santander U.K. Group Holdings PLC |  |  |
| 2.90%, 03/15/32, (1-day SOFR + 1.48%)<sup>(c)</sup> | &nbsp;&nbsp; 3220 | 2989233 |
| 5.14%, 09/22/36, (1-day SOFR+ 1.58%)<sup>(c)</sup> | &nbsp;&nbsp; 6550 | 6561739 |
| Shinhan Bank Co. Ltd. |  |  |
| 4.38%, 04/13/32<sup>(b)</sup> | &nbsp;&nbsp; 2255 | 2256977 |
| 5.75%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 2535 | 2709409 |
| Societe Generale SA |  |  |
| 2.89%, 06/09/32, (1-year CMT + 1.30%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7869 | 7228023 |
| 3.34%, 01/21/33, (1-year CMT + 1.60%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5761 | 5350157 |
| 5.44%, 10/03/36, (1-day SOFR + <br> 1.73%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 8100 | 8208970 |
| 6.07%, 01/19/35, (1-year CMT + <br> 2.10%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 7720 | 8235520 |
| 6.10%, 04/13/33, (1-year CMT + 1.60%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5950 | 6349270 |
| 6.22%, 06/15/33, (1-year CMT + <br> 3.20%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 8053 | 8510033 |
| 6.69%, 01/10/34, (1-year CMT + <br> 2.95%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 9925 | 10898906 |
| Standard Chartered Bank, 8.00%, 05/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 1880 | 2167459 |
| Standard Chartered PLC |  |  |
| 2.68%, 06/29/32, (1-year CMT + 1.20%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7940 | 7230416 |
| 3.60%, 01/12/33, (1-year CMT + 1.90%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5325 | 4968387 |
| 4.53%, 06/05/32, (1-year CMT + 0.95%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5600 | 5606398 |
| 5.24%, 01/13/37, (1-year CMT + 1.07%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6420 | 6460813 |
| 5.40%, 08/12/36, (1-year CMT + <br> 1.20%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 16425 | 16870270 |
| 5.91%, 05/14/35, (1-year CMT + 1.45%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 11045 | 11747100 |
| 6.10%, 01/11/35, (1-year CMT + <br> 2.10%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 9645 | 10414105 |
| 6.23%, 01/21/36, (1-year CMT + <br> 1.43%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 6210 | 6776212 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.30%, 07/06/34, (1-year CMT + <br> 2.58%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; $8408 | $9157975 |
| State Street Corp. |  |  |
| 2.62%, 02/07/33, (1-day SOFR + 1.00%)<sup>(c)</sup> | &nbsp;&nbsp; 3928 | 3581637 |
| 4.16%, 08/04/33, (1-day SOFR + 1.73%)<sup>(c)</sup> | &nbsp;&nbsp; 4781 | 4718949 |
| 4.42%, 05/13/33, (1-day SOFR + 1.61%)<sup>(c)</sup> | &nbsp;&nbsp; 3370 | 3385419 |
| 4.68%, 10/22/32, (1-day SOFR + 1.05%)<sup>(c)</sup> | &nbsp;&nbsp; 6195 | 6333375 |
| 4.78%, 10/23/36, (1-day SOFR + 1.22%)<sup>(c)</sup> | &nbsp;&nbsp; 7665 | 7659793 |
| 4.82%, 01/26/34, (1-day SOFR + 1.57%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4789 | 4888649 |
| 5.15%, 02/28/36, (1-day SOFR + 1.22%)<sup>(c)</sup> | &nbsp;&nbsp; 4635 | 4774748 |
| 5.16%, 05/18/34, (1-day SOFR + 1.89%)<sup>(c)</sup> | &nbsp;&nbsp; 6765 | 7035325 |
| 6.12%, 11/21/34, (1-day SOFR + 1.96%)<sup>(c)</sup> | &nbsp;&nbsp; 3120 | 3390496 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 2.22%, 09/17/31<sup>(a)</sup> | &nbsp;&nbsp; 9390 | 8434303 |
| 4.95%, 07/08/33, (1-day SOFR + 1.38%)<sup>(c)</sup> | &nbsp;&nbsp; 4425 | 4548748 |
| 5.05%, 01/15/37, (1-day SOFR + 1.22%)<sup>(c)</sup> | &nbsp;&nbsp; 6230 | 6305411 |
| 5.25%, 07/08/36, (1-day SOFR + 1.50%)<sup>(c)</sup> | &nbsp;&nbsp; 4965 | 5136735 |
| 5.33%, 03/03/41, (5-year CMT + 1.30%)<sup>(c)</sup> | &nbsp;&nbsp; 3275 | 3288151 |
| 5.42%, 07/09/31 | &nbsp;&nbsp; 7620 | 8036887 |
| 5.45%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3695 | 3912016 |
| 5.56%, 07/09/34<sup>(a)</sup> | &nbsp;&nbsp; 9315 | 9861298 |
| 5.63%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6781 | 7239056 |
| 5.77%, 01/13/33 | &nbsp;&nbsp; 11557 | 12418668 |
| 5.78%, 07/13/33<sup>(a)</sup> | &nbsp;&nbsp; 4032 | 4335686 |
| 5.81%, 09/14/33<sup>(a)</sup> | &nbsp;&nbsp; 5700 | 6160968 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| 4.80%, 03/05/36<sup>(b)</sup> | &nbsp;&nbsp; 6600 | 6581578 |
| 4.85%, 09/10/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3170 | 3214505 |
| 5.05%, 03/13/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3025 | 3116554 |
| 5.35%, 03/07/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 2915 | 3058142 |
| Sumitomo Mitsui Trust Group, Inc., 5.42%, <br> 09/11/36, (1-day SOFR + 1.65%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 3215 | 3268544 |
| Toronto-Dominion Bank(The) |  |  |
| 2.00%, 09/10/31<sup>(a)</sup> | &nbsp;&nbsp; 6501 | 5864885 |
| 2.45%, 01/12/32<sup>(a)</sup> | &nbsp;&nbsp; 4537 | 4119597 |
| 3.20%, 03/10/32 | &nbsp;&nbsp; 9789 | 9233703 |
| 4.46%, 06/08/32 | &nbsp;&nbsp; 13023 | 13144582 |
| 4.93%, 10/15/35 | &nbsp;&nbsp; 8770 | 8842014 |
| 5.30%, 01/30/32 | &nbsp;&nbsp; 5415 | 5699734 |
| Truist Financial Corp. |  |  |
| 4.92%, 07/28/33, (1-day SOFR + 2.24%)<sup>(c)</sup> | &nbsp;&nbsp; 6560 | 6621762 |
| 4.96%, 10/23/36, (1-day SOFR + 1.40%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 8965 | 8952193 |
| 5.12%, 01/26/34, (1-day SOFR + 1.85%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9875 | 10128837 |
| 5.15%, 08/05/32, (1-day SOFR + 1.57%)<sup>(c)</sup> | &nbsp;&nbsp; 7310 | 7592851 |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 13385 | 14202069 |
| 5.87%, 06/08/34, (1-day SOFR + 2.36%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 11732 | 12551454 |
| 6.12%, 10/28/33, (1-day SOFR + 2.30%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 4930 | 5350310 |
| U.S. Bancorp |  |  |
| 2.49%, 11/03/36, (5-year CMT + 0.95%)<sup>(c)</sup> | &nbsp;&nbsp; 12200 | 10802261 |
| 2.68%, 01/27/33, (1-day SOFR + 1.02%)<sup>(c)</sup> | &nbsp;&nbsp; 5861 | 5337187 |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(c)</sup> | &nbsp;&nbsp; 13342 | 13538623 |
| 4.97%, 07/22/33, (1-day SOFR + 2.11%)<sup>(c)</sup> | &nbsp;&nbsp; 8465 | 8619307 |
| 5.03%, 01/26/37, (1-day SOFR + 1.10%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5925 | 5988720 |
| 5.42%, 02/12/36, (1-day SOFR + 1.41%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7195 | 7549589 |
| 5.68%, 01/23/35, (1-day SOFR + 1.86%)<sup>(c)</sup> | &nbsp;&nbsp; 13922 | 14779333 |
| 5.84%, 06/12/34, (1-day SOFR + 2.26%)<sup>(c)</sup> | &nbsp;&nbsp; 11451 | 12299098 |
| 5.85%, 10/21/33, (1-day SOFR + 2.09%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9763 | 10521984 |
| UBS Group AG |  |  |
| 2.75%, 02/11/33, (1-year CMT + 1.10%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 12194 | 11032555 |
| 3.09%, 05/14/32, (1-day SOFR + 1.73%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 22281 | 20849835 |
| 4.59%, 08/10/32, (1-day SOFR + 1.05%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 9600 | 9639574 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.84%, 11/06/33, (1-day SOFR + <br> 1.29%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; $9485 | $9564525 |
| 4.99%, 08/05/33, (1-year CMT + 2.40%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 10153 | 10354106 |
| 5.58%, 05/09/36, (1-day SOFR + <br> 1.76%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 12095 | 12590690 |
| 5.70%, 02/08/35, (1-year CMT + <br> 1.77%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 15445 | 16333561 |
| 5.96%, 01/12/34, (1-year CMT + <br> 2.20%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 16570 | 17802154 |
| 6.30%, 09/22/34, (1-year CMT + 2.00%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 12360 | 13556112 |
| 6.54%, 08/12/33, (1-day SOFR + 3.92%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6115 | 6758313 |
| 9.02%, 11/15/33, (1-day SOFR + <br> 5.02%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 5808 | 7269400 |
| UniCredit SpA, 3.13%, 06/03/32, (1-year CMT + <br> 1.55%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 5956 | 5580227 |
| Wachovia Corp. |  |  |
| 5.50%, 08/01/35 | &nbsp;&nbsp; 4510 | 4686447 |
| 7.50%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1765 | 2087545 |
| Wells Fargo & Co. |  |  |
| 3.35%, 03/02/33, (1-day SOFR + 1.50%)<sup>(c)</sup> | &nbsp;&nbsp; 28876 | 27116477 |
| 4.89%, 09/15/36, (1-day SOFR + 1.34%)<sup>(c)</sup> | &nbsp;&nbsp; 14440 | 14481985 |
| 4.90%, 07/25/33, (1-day SOFR + 2.10%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 29773 | 30362288 |
| 4.96%, 01/23/37, (1-day SOFR + 1.10%)<sup>(c)</sup> | &nbsp;&nbsp; 20490 | 20567913 |
| 5.21%, 12/03/35, (1-day SOFR + 1.38%)<sup>(c)</sup> | &nbsp;&nbsp; 17790 | 18266858 |
| 5.38%, 02/07/35 | &nbsp;&nbsp; 3910 | 4111499 |
| 5.39%, 04/24/34, (1-day SOFR + 2.02%)<sup>(c)</sup> | &nbsp;&nbsp; 25065 | 26120356 |
| 5.50%, 01/23/35, (1-day SOFR + 1.78%)<sup>(c)</sup> | &nbsp;&nbsp; 21106 | 22108667 |
| 5.56%, 07/25/34, (1-day SOFR + 1.99%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 28318 | 29798239 |
| 5.61%, 04/23/36, (1-day SOFR + 1.74%)<sup>(c)</sup> | &nbsp;&nbsp; 19595 | 20608644 |
| 6.49%, 10/23/34, (1-day SOFR + 2.06%)<sup>(c)</sup> | &nbsp;&nbsp; 23070 | 25616856 |
| Westpac Banking Corp. |  |  |
| 3.02%, 11/18/36, (5-year CMT + 1.53%)<sup>(c)</sup> | &nbsp;&nbsp; 10378 | 9505529 |
| 5.41%, 08/10/33, (1-year CMT + 2.68%)<sup>(c)</sup> | &nbsp;&nbsp; 5239 | 5461786 |
| 5.62%, 11/20/35, (1-year CMT + 1.20%)<sup>(c)</sup> | &nbsp;&nbsp; 9707 | 10160716 |
| 6.82%, 11/17/33 | &nbsp;&nbsp; 4925 | 5556645 |
| Zions Bancorp N.A., 6.82%, 11/19/35, (1-day <br> SOFR + 2.83%)<sup>(c)</sup><br>| &nbsp;&nbsp; 2330 | 2481056 |
|  |  | 4382835958 |
| **Beverages — 1.4%** | **Beverages — 1.4%** | **Beverages — 1.4%** |
| Anheuser-Busch <br> Companies LLC/Anheuser-Busch InBev <br> Worldwide, Inc., 4.70%, 02/01/36<br>| &nbsp;&nbsp; 35750 | 35842314 |
| Anheuser-Busch InBev Finance, Inc., 4.70%, <br> 02/01/36<sup>(a)</sup><br>| &nbsp;&nbsp; 800 | 802066 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 5.00%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6940 | 7227011 |
| 5.88%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1970 | 2165174 |
| 6.63%, 08/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2065 | 2353683 |
| Bacardi Ltd./Bacardi-Martini BV, 5.40%, <br> 06/15/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 4813 | 4896378 |
| Bacardi-Martini BV, 6.00%, 02/01/35<sup>(b)</sup> | &nbsp;&nbsp; 2795 | 2925620 |
| Becle SAB de CV, 2.50%, 10/14/31<sup>(b)</sup> | &nbsp;&nbsp; 5235 | 4592451 |
| Brown-Forman Corp., 4.75%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4220 | 4326372 |
| Cia Cervecerias Unidas SA, 3.35%, 01/19/32<sup>(b)</sup> | &nbsp;&nbsp; 3280 | 2991571 |
| Coca-Cola Co.(The) |  |  |
| 1.38%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8101 | 7200363 |
| 2.00%, 03/05/31 | &nbsp;&nbsp; 5162 | 4734977 |
| 2.25%, 01/05/32<sup>(a)</sup> | &nbsp;&nbsp; 14496 | 13217954 |
| 4.65%, 08/14/34<sup>(a)</sup> | &nbsp;&nbsp; 5142 | 5316614 |
| 5.00%, 05/13/34<sup>(a)</sup> | &nbsp;&nbsp; 6865 | 7233351 |
| Coca-Cola Consolidated, Inc., 5.45%, 06/01/34 | &nbsp;&nbsp; 3240 | 3437800 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| Coca-Cola Femsa SAB de CV |  |  |
| 1.85%, 09/01/32 | &nbsp;&nbsp; $4945 | $4254727 |
| 5.10%, 05/06/35 | &nbsp;&nbsp; 3565 | 3668385 |
| Constellation Brands, Inc. |  |  |
| 2.25%, 08/01/31 | &nbsp;&nbsp; 8070 | 7256887 |
| 4.75%, 05/09/32<sup>(a)</sup> | &nbsp;&nbsp; 4633 | 4711637 |
| 4.90%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp; 5468 | 5569894 |
| 4.95%, 11/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2550 | 2554817 |
| Diageo Capital PLC |  |  |
| 2.13%, 04/29/32 | &nbsp;&nbsp; 4955 | 4367913 |
| 5.50%, 01/24/33 | &nbsp;&nbsp; 5200 | 5517532 |
| 5.63%, 10/05/33<sup>(a)</sup> | &nbsp;&nbsp; 6095 | 6534339 |
| Diageo Investment Corp. |  |  |
| 5.63%, 04/15/35 | &nbsp;&nbsp; 5185 | 5526918 |
| 7.45%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2755 | 3347645 |
| JDE Peet's NV, 2.25%, 09/24/31<sup>(b)</sup> | &nbsp;&nbsp; 3747 | 3315674 |
| Keurig Dr Pepper, Inc. |  |  |
| 2.25%, 03/15/31 | &nbsp;&nbsp; 3162 | 2853256 |
| 4.05%, 04/15/32 | &nbsp;&nbsp; 6250 | 6085100 |
| 5.15%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3700 | 3749068 |
| 5.30%, 03/15/34 | &nbsp;&nbsp; 4620 | 4753613 |
| Series 10, 5.20%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3415 | 3528547 |
| PepsiCo Singapore Financing I Pte Ltd., 4.70%, <br> 02/16/34<br>| &nbsp;&nbsp; 2955 | 3005612 |
| PepsiCo, Inc. |  |  |
| 1.95%, 10/21/31 | &nbsp;&nbsp; 8847 | 7955713 |
| 3.90%, 07/18/32 | &nbsp;&nbsp; 9225 | 9152998 |
| 4.45%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6233 | 6399116 |
| 4.65%, 07/23/32 | &nbsp;&nbsp; 7700 | 7930062 |
| 4.80%, 07/17/34<sup>(a)</sup> | &nbsp;&nbsp; 4750 | 4918333 |
| 5.00%, 02/07/35<sup>(a)</sup> | &nbsp;&nbsp; 8140 | 8430045 |
| 5.00%, 07/23/35 | &nbsp;&nbsp; 8825 | 9146664 |
| Pernod Ricard International Finance LLC, <br> 1.63%, 04/01/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6039 | 5333711 |
|  |  | 249131905 |
| **Biotechnology — 0.6%** | **Biotechnology — 0.6%** | **Biotechnology — 0.6%** |
| Amgen, Inc. |  |  |
| 2.00%, 01/15/32 | &nbsp;&nbsp; 8251 | 7289142 |
| 3.35%, 02/22/32 | &nbsp;&nbsp; 7325 | 6981749 |
| 4.20%, 03/01/33 | &nbsp;&nbsp; 5219 | 5159364 |
| 4.85%, 02/19/36<sup>(a)</sup> | &nbsp;&nbsp; 3140 | 3156985 |
| 5.25%, 03/02/33 | &nbsp;&nbsp; 28617 | 29964136 |
| Biogen, Inc., 5.75%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4575 | 4878570 |
| Bio-Rad Laboratories, Inc., 3.70%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5490 | 5233046 |
| CSL Finance PLC |  |  |
| 4.25%, 04/27/32<sup>(b)</sup> | &nbsp;&nbsp; 6790 | 6757230 |
| 5.11%, 04/03/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3740 | 3872499 |
| Gilead Sciences, Inc. |  |  |
| 4.60%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 7225 | 7218776 |
| 5.10%, 06/15/35 | &nbsp;&nbsp; 7400 | 7660852 |
| 5.25%, 10/15/33 | &nbsp;&nbsp; 6546 | 6908051 |
| Illumina, Inc., 2.55%, 03/23/31 | &nbsp;&nbsp; 3414 | 3133148 |
| Royalty Pharma PLC |  |  |
| 2.15%, 09/02/31<sup>(a)</sup> | &nbsp;&nbsp; 6365 | 5688093 |
| 4.45%, 03/25/31<sup>(a)</sup> | &nbsp;&nbsp; 2600 | 2616366 |
| 5.20%, 09/25/35<sup>(a)</sup> | &nbsp;&nbsp; 6605 | 6712321 |
| 5.40%, 09/02/34 | &nbsp;&nbsp; 3905 | 4041167 |
|  |  | 117271495 |
| **Building Materials — 0.6%** | **Building Materials — 0.6%** | **Building Materials — 0.6%** |
| Amrize Finance U.S. LLC, 5.40%, 04/07/35 | &nbsp;&nbsp; 6940 | 7257534 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Carlisle Companies, Inc. |  |  |
| 2.20%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; $4145 | $3665362 |
| 5.25%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3175 | 3276603 |
| Carrier Global Corp., 5.90%, 03/15/34 | &nbsp;&nbsp; 6219 | 6728386 |
| Cemex SAB de CV, 3.88%, 07/11/31<sup>(b)</sup> | &nbsp;&nbsp; 5810 | 5571513 |
| CRH America Finance, Inc. |  |  |
| 5.00%, 02/09/36 | &nbsp;&nbsp; 5135 | 5209874 |
| 5.40%, 05/21/34 | &nbsp;&nbsp; 5360 | 5610915 |
| 5.50%, 01/09/35 | &nbsp;&nbsp; 8675 | 9137114 |
| Eagle Materials, Inc. |  |  |
| 2.50%, 07/01/31 | &nbsp;&nbsp; 4973 | 4556978 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 950 | 940897 |
| Fortune Brands Innovations, Inc. |  |  |
| 4.00%, 03/25/32 | &nbsp;&nbsp; 3240 | 3148474 |
| 5.88%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 4331 | 4637608 |
| GCC SAB de CV, 3.61%, 04/20/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 820 | 770123 |
| JH North America Holdings, Inc., 6.13%, <br> 07/31/32<sup>(b)</sup><br>| &nbsp;&nbsp; 665 | 682525 |
| Johnson Controls International PLC, 6.00%, <br> 01/15/36<br>| &nbsp;&nbsp; 1510 | 1650736 |
| Johnson Controls International PLC/Tyco Fire & <br> Security Finance SCA<br>|  |  |
| 2.00%, 09/16/31 | &nbsp;&nbsp; 3677 | 3277388 |
| 4.90%, 12/01/32 | &nbsp;&nbsp; 4850 | 4988218 |
| Martin Marietta Materials, Inc. |  |  |
| 2.40%, 07/15/31 | &nbsp;&nbsp; 6412 | 5832507 |
| 5.15%, 12/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5180 | 5346949 |
| Owens Corning, 5.70%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5650 | 5993455 |
| St Marys Cement, Inc./Canada, 5.75%, <br> 04/02/34<sup>(b)</sup><br>| &nbsp;&nbsp; 30 | 31227 |
| Trane Technologies Financing Ltd. |  |  |
| 5.10%, 06/13/34 | &nbsp;&nbsp; 3775 | 3939866 |
| 5.25%, 03/03/33 | &nbsp;&nbsp; 4945 | 5228281 |
| Vulcan Materials Co., 5.35%, 12/01/34 | &nbsp;&nbsp; 5395 | 5627134 |
|  |  | 103109667 |
| **Chemicals — 1.1%** | **Chemicals — 1.1%** | **Chemicals — 1.1%** |
| Air Products and Chemicals, Inc. |  |  |
| 4.80%, 03/03/33<sup>(a)</sup> | &nbsp;&nbsp; 4466 | 4603651 |
| 4.85%, 02/08/34<sup>(a)</sup> | &nbsp;&nbsp; 8176 | 8393548 |
| 4.90%, 10/11/32 | &nbsp;&nbsp; 3905 | 4047058 |
| Albemarle Corp., 5.05%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4500 | 4582765 |
| Bayport Polymers LLC, 5.14%, 04/14/32<sup>(b)</sup> | &nbsp;&nbsp; 1385 | 1375743 |
| Cabot Corp., 5.00%, 06/30/32<sup>(a)</sup> | &nbsp;&nbsp; 2710 | 2775145 |
| CF Industries, Inc. |  |  |
| 5.15%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6065 | 6176586 |
| 5.30%, 11/26/35<sup>(a)</sup> | &nbsp;&nbsp; 5865 | 5966252 |
| Dow Chemical Co.(The) |  |  |
| 4.25%, 10/01/34 | &nbsp;&nbsp; 3510 | 3245359 |
| 5.15%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4571 | 4537914 |
| 5.35%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3185 | 3167602 |
| 6.30%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5188 | 5510719 |
| Eastman Chemical Co. |  |  |
| 5.63%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 5348 | 5584082 |
| 5.75%, 03/08/33<sup>(a)</sup> | &nbsp;&nbsp; 4112 | 4372912 |
| Ecolab, Inc. |  |  |
| 2.13%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 5130 | 4601189 |
| 5.00%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 3765 | 3887331 |
| EIDP, Inc. |  |  |
| 4.80%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4565 | 4620899 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 4095 | 4255117 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| GC Treasury Center Co. Ltd. |  |  |
| 2.98%, 03/18/31<sup>(a)(b)</sup> | &nbsp;&nbsp; $4550 | $4151457 |
| 4.40%, 03/30/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 1385 | 1343543 |
| LG Chem Ltd., 2.38%, 07/07/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3965 | 3579600 |
| Lubrizol Corp. (The), 6.50%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1965 | 2247962 |
| LYB International Finance III LLC |  |  |
| 5.50%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5796 | 5841299 |
| 5.63%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3571 | 3648323 |
| 5.88%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 5515 | 5575633 |
| 6.15%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4396 | 4568616 |
| Ma'aden Sukuk Ltd. |  |  |
| 5.25%, 01/29/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 6500 | 6579950 |
| 5.50%, 02/13/35<sup>(b)</sup> | &nbsp;&nbsp; 4845 | 4997665 |
| Mosaic Co. (The), 5.45%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3020 | 3135467 |
| NewMarket Corp., 2.70%, 03/18/31 | &nbsp;&nbsp; 3163 | 2917812 |
| Nutrien Ltd. |  |  |
| 4.13%, 03/15/35 | &nbsp;&nbsp; 3445 | 3242321 |
| 5.25%, 03/12/32 | &nbsp;&nbsp; 5630 | 5879464 |
| 5.40%, 06/21/34<sup>(a)</sup> | &nbsp;&nbsp; 3875 | 4047037 |
| OCP SA, 6.75%, 05/02/34<sup>(b)</sup> | &nbsp;&nbsp; 7470 | 8090964 |
| Orbia Advance Corp. SAB de CV |  |  |
| 2.88%, 05/11/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3500 | 2905000 |
| 7.50%, 05/13/35<sup>(b)</sup> | &nbsp;&nbsp; 2920 | 2942370 |
| RPM International, Inc., 2.95%, 01/15/32 | &nbsp;&nbsp; 2506 | 2304083 |
| Sherwin-Williams Co.(The) |  |  |
| 2.20%, 03/15/32 | &nbsp;&nbsp; 4038 | 3584308 |
| 4.80%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 3675 | 3786999 |
| 5.15%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3810 | 3921647 |
| Sociedad Quimica y Minera de Chile SA |  |  |
| 5.50%, 09/10/34<sup>(b)</sup> | &nbsp;&nbsp; 5845 | 5976512 |
| 6.50%, 11/07/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 5035 | 5504146 |
| Syensqo Finance America LLC, 5.85%, <br> 06/04/34<sup>(b)</sup><br>| &nbsp;&nbsp; 4090 | 4246175 |
| Westlake Corp., 5.55%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3820 | 3879225 |
| Yara International ASA, 7.38%, 11/14/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 4220 | 4827743 |
|  |  | 195429193 |
| **Commercial Services — 1.4%** | **Commercial Services — 1.4%** | **Commercial Services — 1.4%** |
| Adani Ports & Special Economic Zone Ltd. |  |  |
| 3.10%, 02/02/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2045 | 1863082 |
| 3.83%, 02/02/32<sup>(b)</sup> | &nbsp;&nbsp; 1225 | 1130504 |
| Ashtead Capital, Inc. |  |  |
| 2.45%, 08/12/31<sup>(b)</sup> | &nbsp;&nbsp; 6920 | 6243298 |
| 5.50%, 08/11/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 5279 | 5531671 |
| 5.55%, 05/30/33<sup>(b)</sup> | &nbsp;&nbsp; 5120 | 5357328 |
| 5.80%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 6100 | 6455402 |
| 5.95%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 5160 | 5506367 |
| Automatic Data Processing, Inc. |  |  |
| 4.45%, 09/09/34 | &nbsp;&nbsp; 6045 | 6041413 |
| 4.75%, 05/08/32 | &nbsp;&nbsp; 6675 | 6882044 |
| Block Financial LLC, 5.38%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2355 | 2315139 |
| Cintas Corp. No. 2, 4.00%, 05/01/32 | &nbsp;&nbsp; 6215 | 6165936 |
| CK Hutchison International 23 Ltd., 4.88%, <br> 04/21/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 7731 | 7946391 |
| Cornell University |  |  |
| 4.84%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3185 | 3282970 |
| Series 2025, 4.73%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2665 | 2723203 |
| DP World Crescent Ltd., 5.50%, 05/08/35<sup>(b)</sup> | &nbsp;&nbsp; 10145 | 10515649 |
| Equifax, Inc., 2.35%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp; 7235 | 6481121 |
| ERAC USA Finance LLC |  |  |
| 4.90%, 05/01/33<sup>(b)</sup> | &nbsp;&nbsp; 7803 | 8015874 |
| 5.20%, 10/30/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5030 | 5229509 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 6.70%, 06/01/34<sup>(b)</sup> | &nbsp;&nbsp; $2975 | $3382429 |
| Experian Finance PLC, 5.25%, 08/17/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3580 | 3704803 |
| Global Payments, Inc. |  |  |
| 2.90%, 11/15/31 | &nbsp;&nbsp; 5796 | 5219202 |
| 5.20%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5730 | 5763760 |
| 5.40%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5443 | 5548563 |
| 5.55%, 11/15/35 | &nbsp;&nbsp; 11830 | 11767420 |
| ITR Concession Co. LLC, 5.18%, 07/15/35<sup>(b)</sup> | &nbsp;&nbsp; 415 | 417893 |
| J Paul Getty Trust (The), 4.91%, 04/01/35 | &nbsp;&nbsp; 3185 | 3305374 |
| Johns Hopkins University, 4.71%, 07/01/32 | &nbsp;&nbsp; 2120 | 2195627 |
| Leland Stanford Junior University (The), 4.68%, <br> 03/01/35<sup>(a)</sup><br>| &nbsp;&nbsp; 2070 | 2125399 |
| Moody's Corp. |  |  |
| 2.00%, 08/19/31<sup>(a)</sup> | &nbsp;&nbsp; 4421 | 3967316 |
| 4.25%, 08/08/32<sup>(a)</sup> | &nbsp;&nbsp; 3480 | 3471478 |
| 5.00%, 08/05/34 | &nbsp;&nbsp; 3305 | 3401801 |
| Northwestern University, 4.94%, 12/01/35<sup>(a)</sup> | &nbsp;&nbsp; 945 | 977932 |
| PayPal Holdings, Inc. |  |  |
| 4.40%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 6933 | 6941393 |
| 5.10%, 04/01/35 | &nbsp;&nbsp; 4325 | 4379659 |
| 5.15%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5615 | 5695163 |
| Port of Newcastle Investments Financing Pty <br> Ltd., 5.90%, 11/24/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 705 | 737507 |
| President and Fellows of Harvard College, <br> 4.61%, 02/15/35<sup>(a)</sup><br>| &nbsp;&nbsp; 720 | 737816 |
| Quanta Services, Inc. |  |  |
| 2.35%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5754 | 5143255 |
| 5.10%, 08/09/35<sup>(a)</sup> | &nbsp;&nbsp; 4070 | 4144490 |
| 5.25%, 08/09/34<sup>(a)</sup> | &nbsp;&nbsp; 4515 | 4678177 |
| RELX Capital, Inc. |  |  |
| 4.75%, 05/20/32<sup>(a)</sup> | &nbsp;&nbsp; 3293 | 3354458 |
| 5.25%, 03/27/35<sup>(a)</sup> | &nbsp;&nbsp; 4965 | 5112435 |
| Rentokil Terminix Funding LLC, 5.63%, <br> 04/28/35<sup>(b)</sup><br>| &nbsp;&nbsp; 3445 | 3581252 |
| Rollins, Inc., 5.25%, 02/24/35 | &nbsp;&nbsp; 2920 | 3001495 |
| S&P Global, Inc. |  |  |
| 2.90%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 9890 | 9198801 |
| 4.80%, 12/04/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 2745 | 2751211 |
| 5.25%, 09/15/33 | &nbsp;&nbsp; 4995 | 5273835 |
| TR Finance LLC, 5.50%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2070 | 2157291 |
| Transurban Finance Co. Pty. Ltd., 2.45%, <br> 03/16/31<sup>(b)</sup><br>| &nbsp;&nbsp; 6486 | 5982250 |
| Triton Container International Ltd., 3.15%, <br> 06/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 4332 | 4007460 |
| Triton Container International Ltd./TAL <br> International Container Corp.<br>|  |  |
| 3.25%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4950 | 4589059 |
| 5.15%, 02/15/33 | &nbsp;&nbsp; 2795 | 2794653 |
| Trustees of Columbia University in the City of <br> New York (The), Series 2024, 4.36%, <br> 10/01/35<sup>(a)</sup><br>| &nbsp;&nbsp; 115 | 114791 |
| Varanasi Aurangabad Nh-2 Tollway Pvt Ltd., <br> 5.90%, 02/28/34<sup>(b)</sup><br>| &nbsp;&nbsp; 264 | 281303 |
| Verisk Analytics, Inc. |  |  |
| 5.13%, 03/15/36 | &nbsp;&nbsp; 1325 | 1322916 |
| 5.25%, 06/05/34 | &nbsp;&nbsp; 4040 | 4114637 |
| 5.25%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4690 | 4766127 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 3410 | 3613708 |
| Yale University, Series 2025, 4.70%, <br> 04/15/32<sup>(a)</sup><br>| &nbsp;&nbsp; 1370 | 1424733 |
|  |  | 252835773 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers — 1.4%** | **Computers — 1.4%** | **Computers — 1.4%** |
| Accenture Capital, Inc. |  |  |
| 4.25%, 10/04/31 | &nbsp;&nbsp; $10190 | $10228295 |
| 4.50%, 10/04/34<sup>(a)</sup> | &nbsp;&nbsp; 9215 | 9115718 |
| Apple, Inc. |  |  |
| 1.70%, 08/05/31 | &nbsp;&nbsp; 7246 | 6498340 |
| 3.35%, 08/08/32<sup>(a)</sup> | &nbsp;&nbsp; 10400 | 10080212 |
| 4.30%, 05/10/33<sup>(a)</sup> | &nbsp;&nbsp; 6653 | 6799003 |
| 4.50%, 05/12/32 | &nbsp;&nbsp; 6245 | 6448431 |
| 4.75%, 05/12/35<sup>(a)</sup> | &nbsp;&nbsp; 6750 | 6997778 |
| Booz Allen Hamilton, Inc. |  |  |
| 5.95%, 08/04/33<sup>(a)</sup> | &nbsp;&nbsp; 4963 | 5091307 |
| 5.95%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4741 | 4809358 |
| CGI, Inc., 2.30%, 09/14/31<sup>(a)</sup> | &nbsp;&nbsp; 2747 | 2447032 |
| Dell International LLC/EMC Corp. |  |  |
| 4.75%, 10/06/32 | &nbsp;&nbsp; 7870 | 7943620 |
| 4.85%, 02/01/35<sup>(a)</sup> | &nbsp;&nbsp; 5680 | 5643243 |
| 5.10%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 5685 | 5705914 |
| 5.30%, 04/01/32 | &nbsp;&nbsp; 7790 | 8090333 |
| 5.40%, 04/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6840 | 7081418 |
| 5.50%, 04/01/35 | &nbsp;&nbsp; 6475 | 6733123 |
| 5.75%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 7213 | 7659561 |
| Fortinet, Inc., 2.20%, 03/15/31 | &nbsp;&nbsp; 3335 | 3022576 |
| Gartner, Inc. |  |  |
| 4.95%, 03/20/31 | &nbsp;&nbsp; 1150 | 1133984 |
| 5.60%, 11/20/35 | &nbsp;&nbsp; 2835 | 2716148 |
| Hewlett Packard Enterprise Co. |  |  |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 11625 | 11788896 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 13250 | 13129750 |
| 6.20%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2750 | 2981017 |
| HP, Inc. |  |  |
| 2.65%, 06/17/31 | &nbsp;&nbsp; 7485 | 6780230 |
| 4.20%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4825 | 4687613 |
| 5.50%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 7733 | 7945581 |
| 6.10%, 04/25/35<sup>(a)</sup> | &nbsp;&nbsp; 3105 | 3319589 |
| IBM International Capital Pte Ltd., 4.90%, <br> 02/05/34<sup>(a)</sup><br>| &nbsp;&nbsp; 7197 | 7284075 |
| International Business Machines Corp. |  |  |
| 2.72%, 02/09/32<sup>(a)</sup> | &nbsp;&nbsp; 3685 | 3377967 |
| 4.40%, 07/27/32<sup>(a)</sup> | &nbsp;&nbsp; 5278 | 5283709 |
| 4.75%, 02/06/33<sup>(a)</sup> | &nbsp;&nbsp; 5215 | 5314520 |
| 4.95%, 02/03/36 | &nbsp;&nbsp; 6500 | 6512660 |
| 5.00%, 02/10/32 | &nbsp;&nbsp; 6345 | 6535282 |
| 5.20%, 02/10/35<sup>(a)</sup> | &nbsp;&nbsp; 6055 | 6250588 |
| 5.88%, 11/29/32<sup>(a)</sup> | &nbsp;&nbsp; 4080 | 4425361 |
| Kyndryl Holdings, Inc. |  |  |
| 3.15%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4956 | 4208911 |
| 6.35%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 3500 | 3340641 |
| Leidos, Inc. |  |  |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 3700 | 3691327 |
| 5.40%, 03/15/32 | &nbsp;&nbsp; 3200 | 3338415 |
| 5.50%, 03/15/35 | &nbsp;&nbsp; 3250 | 3386213 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 4360 | 4629434 |
| Lenovo Group Ltd., 6.54%, 07/27/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 4050 | 4460173 |
| NetApp, Inc. |  |  |
| 5.50%, 03/17/32 | &nbsp;&nbsp; 4765 | 4966663 |
| 5.70%, 03/17/35 | &nbsp;&nbsp; 4135 | 4316893 |
|  |  | 256200902 |
| **Cosmetics & Personal Care — 0.7%** | **Cosmetics & Personal Care — 0.7%** | **Cosmetics & Personal Care — 0.7%** |
| Colgate-Palmolive Co. |  |  |
| 3.25%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3383 | 3240512 |
| 4.60%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3473 | 3587049 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** |
| Estee Lauder Companies, Inc.(The) |  |  |
| 1.95%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; $4303 | $3884772 |
| 4.65%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4975 | 5052284 |
| 5.00%, 02/14/34<sup>(a)</sup> | &nbsp;&nbsp; 4250 | 4389558 |
| Haleon U.S. Capital LLC, 3.63%, 03/24/32 | &nbsp;&nbsp; 13260 | 12776306 |
| Kenvue, Inc. |  |  |
| 4.85%, 05/22/32<sup>(a)</sup> | &nbsp;&nbsp; 4900 | 5064270 |
| 4.90%, 03/22/33<sup>(a)</sup> | &nbsp;&nbsp; 8257 | 8529337 |
| L'Oreal SA, 5.00%, 05/20/35<sup>(b)</sup> | &nbsp;&nbsp; 6875 | 7149540 |
| Procter & Gamble Co.(The) |  |  |
| 1.95%, 04/23/31 | &nbsp;&nbsp; 6903 | 6307527 |
| 2.30%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 6530 | 6025742 |
| 4.05%, 01/26/33<sup>(a)</sup> | &nbsp;&nbsp; 5670 | 5722224 |
| 4.10%, 11/03/32<sup>(a)</sup> | &nbsp;&nbsp; 5365 | 5403857 |
| 4.35%, 11/03/35<sup>(a)</sup> | &nbsp;&nbsp; 3935 | 3929923 |
| 4.55%, 01/29/34 | &nbsp;&nbsp; 4630 | 4751021 |
| 4.55%, 10/24/34<sup>(a)</sup> | &nbsp;&nbsp; 3575 | 3671848 |
| 4.60%, 05/01/35<sup>(a)</sup> | &nbsp;&nbsp; 3515 | 3595722 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 2035 | 2196667 |
| 5.80%, 08/15/34 | &nbsp;&nbsp; 2535 | 2806366 |
| Unilever Capital Corp. |  |  |
| 1.75%, 08/12/31 | &nbsp;&nbsp; 6622 | 5899708 |
| 4.63%, 08/12/34 | &nbsp;&nbsp; 7005 | 7125674 |
| 5.00%, 12/08/33 | &nbsp;&nbsp; 5310 | 5566550 |
| 5.90%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6750 | 7456461 |
|  |  | 124132918 |
| **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** |
| Ferguson Finance PLC, 4.65%, 04/20/32<sup>(b)</sup> | &nbsp;&nbsp; 4650 | 4684179 |
| LKQ Corp., 6.25%, 06/15/33 | &nbsp;&nbsp; 3435 | 3640395 |
| Marubeni Corp., 5.38%, 04/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 2260 | 2381130 |
| Mitsubishi Corp. |  |  |
| 4.88%, 09/09/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 2715 | 2757454 |
| 5.13%, 07/17/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3385 | 3518450 |
| WW Grainger, Inc., 4.45%, 09/15/34 | &nbsp;&nbsp; 3470 | 3481171 |
|  |  | 20462779 |
| **Diversified Financial Services — 4.1%** | **Diversified Financial Services — 4.1%** | **Diversified Financial Services — 4.1%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 29870 | 27913531 |
| 3.40%, 10/29/33<sup>(a)</sup> | &nbsp;&nbsp; 9984 | 9112832 |
| 4.75%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3665 | 3672176 |
| 4.95%, 09/10/34 | &nbsp;&nbsp; 8150 | 8170968 |
| 5.00%, 11/15/35 | &nbsp;&nbsp; 4190 | 4183856 |
| 5.30%, 01/19/34 | &nbsp;&nbsp; 5245 | 5395945 |
| 5.38%, 12/15/31 | &nbsp;&nbsp; 12855 | 13417166 |
| Affiliated Managers Group, Inc. |  |  |
| 5.50%, 08/20/34 | &nbsp;&nbsp; 2580 | 2638994 |
| 5.50%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 2675 | 2696907 |
| Air Lease Corp. |  |  |
| 2.88%, 01/15/32 | &nbsp;&nbsp; 4700 | 4269496 |
| 5.20%, 07/15/31 | &nbsp;&nbsp; 4215 | 4326446 |
| Aircastle Ltd./Aircastle Ireland DAC, 5.75%, <br> 10/01/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3600 | 3794035 |
| Ally Financial, Inc. |  |  |
| 5.55%, 07/31/33, (1-day SOFR + 1.78%)<sup>(c)</sup> | &nbsp;&nbsp; 3500 | 3531220 |
| 6.18%, 07/26/35, (1-day SOFR + 2.29%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5010 | 5171459 |
| 8.00%, 11/01/31<sup>(a)</sup> | &nbsp;&nbsp; 18966 | 21537180 |
| American Express Co. |  |  |
| 4.42%, 08/03/33, (1-day SOFR + 1.76%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9098 | 9091605 |
| 4.80%, 10/24/36, (1-day SOFR + 1.24%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 11725 | 11612269 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 4.92%, 07/20/33, (1-day SOFR + 1.22%)<sup>(c)</sup> | &nbsp;&nbsp; $12665 | $12973668 |
| 4.99%, 05/26/33, (1-day SOFR + 2.26%)<sup>(c)</sup> | &nbsp;&nbsp; 5352 | 5461385 |
| 5.04%, 05/01/34, (1-day SOFR + 1.84%)<sup>(c)</sup> | &nbsp;&nbsp; 8334 | 8567599 |
| 5.28%, 07/26/35, (1-day SOFR + 1.42%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 10735 | 11146686 |
| 5.44%, 01/30/36, (1-day SOFR Index + <br> 1.32%)<sup>(c)</sup><br>| &nbsp;&nbsp; 10590 | 11036843 |
| 5.63%, 07/28/34, (1-day SOFR + 1.93%)<sup>(c)</sup> | &nbsp;&nbsp; 3539 | 3708336 |
| 5.67%, 04/25/36, (1-day SOFR + 1.79%)<sup>(c)</sup> | &nbsp;&nbsp; 10360 | 10971435 |
| 5.92%, 04/25/35, (1-day SOFR + 1.63%)<sup>(c)</sup> | &nbsp;&nbsp; 4725 | 5046892 |
| Ameriprise Financial, Inc. |  |  |
| 4.50%, 05/13/32 | &nbsp;&nbsp; 4985 | 5040004 |
| 5.15%, 05/15/33 | &nbsp;&nbsp; 5094 | 5290015 |
| 5.20%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5120 | 5210157 |
| Apollo Global Management, Inc. |  |  |
| 5.15%, 08/12/35<sup>(a)</sup> | &nbsp;&nbsp; 6010 | 5953927 |
| 6.00%, 12/15/54, (5-year CMT + 2.17%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 2795 | 2685145 |
| 6.38%, 11/15/33 | &nbsp;&nbsp; 3345 | 3652912 |
| Atlas Warehouse Lending Co. LP, 5.25%, <br> 01/15/33<sup>(b)</sup><br>| &nbsp;&nbsp; 5085 | 5054102 |
| Aviation Capital Group LLC, 4.88%, 01/28/33<sup>(b)</sup> | &nbsp;&nbsp; 2795 | 2785444 |
| Avolon Holdings Funding Ltd. |  |  |
| 4.85%, 04/01/33<sup>(b)</sup> | &nbsp;&nbsp; 4695 | 4653542 |
| 4.95%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 8585 | 8605551 |
| Blackstone Holdings Finance Co. LLC |  |  |
| 1.60%, 03/30/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4480 | 3932022 |
| 2.00%, 01/30/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7045 | 6116290 |
| 2.55%, 03/30/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3145 | 2808946 |
| 6.20%, 04/22/33<sup>(b)</sup> | &nbsp;&nbsp; 5853 | 6346205 |
| Blue Owl Finance LLC |  |  |
| 3.13%, 06/10/31<sup>(a)</sup> | &nbsp;&nbsp; 6659 | 5918874 |
| 4.38%, 02/15/32 | &nbsp;&nbsp; 3880 | 3617591 |
| 6.25%, 04/18/34<sup>(a)</sup> | &nbsp;&nbsp; 6915 | 6908400 |
| BOC Aviation USA Corp. |  |  |
| 4.63%, 09/04/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4730 | 4865600 |
| 4.88%, 05/03/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 4600 | 4772138 |
| Brookfield Asset Management Ltd. |  |  |
| 5.30%, 01/15/36 | &nbsp;&nbsp; 2470 | 2457737 |
| 5.80%, 04/24/35 | &nbsp;&nbsp; 5280 | 5479979 |
| Brookfield Capital Finance LLC, 6.09%, <br> 06/14/33<br>| &nbsp;&nbsp; 4211 | 4470397 |
| Brookfield Finance I U.K. PLC/Brookfield <br> Finance, Inc., 2.34%, 01/30/32<br>| &nbsp;&nbsp; 5540 | 4892008 |
| Brookfield Finance, Inc. |  |  |
| 2.72%, 04/15/31 | &nbsp;&nbsp; 3708 | 3416524 |
| 5.33%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 2535 | 2529903 |
| 5.68%, 01/15/35 | &nbsp;&nbsp; 4565 | 4716139 |
| 6.35%, 01/05/34 | &nbsp;&nbsp; 5130 | 5560673 |
| Capital One Financial Corp. |  |  |
| 2.36%, 07/29/32, (1-day SOFR + 1.34%)<sup>(c)</sup> | &nbsp;&nbsp; 7491 | 6600943 |
| 2.62%, 11/02/32, (1-day SOFR + 1.27%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5070 | 4591039 |
| 5.20%, 09/11/36, (1-day SOFR + 1.63%)<sup>(c)</sup> | &nbsp;&nbsp; 10260 | 10231601 |
| 5.27%, 05/10/33, (1-day SOFR + 2.37%)<sup>(c)</sup> | &nbsp;&nbsp; 6970 | 7157124 |
| 5.40%, 01/30/37, (1-day SOFR + 1.51%)<sup>(c)</sup> | &nbsp;&nbsp; 7000 | 7063526 |
| 5.82%, 02/01/34, (1-day SOFR + 2.60%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 9405 | 9924173 |
| 5.88%, 07/26/35, (1-day SOFR + 1.99%)<sup>(c)</sup> | &nbsp;&nbsp; 6885 | 7256600 |
| 6.05%, 02/01/35, (1-day SOFR + 2.26%)<sup>(c)</sup> | &nbsp;&nbsp; 6919 | 7350678 |
| 6.18%, 01/30/36, (1-day SOFR + 2.04%)<sup>(c)</sup> | &nbsp;&nbsp; 12105 | 12588346 |
| 6.38%, 06/08/34, (1-day SOFR + 2.86%)<sup>(c)</sup> | &nbsp;&nbsp; 12298 | 13332688 |
| 6.70%, 11/29/32 | &nbsp;&nbsp; 4405 | 4894230 |
| 7.96%, 11/02/34, (1-day SOFR + 3.37%)<sup>(c)</sup> | &nbsp;&nbsp; 6973 | 8208066 |
| Cboe Global Markets, Inc., 3.00%, 03/16/32<sup>(a)</sup> | &nbsp;&nbsp; 2715 | 2539058 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Charles Schwab Corp.(The) |  |  |
| 1.65%, 03/11/31<sup>(a)</sup> | &nbsp;&nbsp; $5425 | $4810204 |
| 1.95%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp; 8858 | 7858771 |
| 2.30%, 05/13/31<sup>(a)</sup> | &nbsp;&nbsp; 5980 | 5470612 |
| 2.90%, 03/03/32<sup>(a)</sup> | &nbsp;&nbsp; 8095 | 7492724 |
| 4.91%, 11/14/36, (1-day SOFR + 1.23%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6110 | 6111833 |
| 5.85%, 05/19/34, (1-day SOFR + 2.50%)<sup>(c)</sup> | &nbsp;&nbsp; 9796 | 10532998 |
| 6.14%, 08/24/34, (1-day SOFR + 2.01%)<sup>(c)</sup> | &nbsp;&nbsp; 8654 | 9458202 |
| Citadel LP, 6.38%, 01/23/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3390 | 3587494 |
| Citadel Securities Global Holdings LLC, 6.20%, <br> 06/18/35<sup>(b)</sup><br>| &nbsp;&nbsp; 3365 | 3557895 |
| CME Group, Inc., 2.65%, 03/15/32 | &nbsp;&nbsp; 5580 | 5161083 |
| Equitable America Global Funding, 4.70%, <br> 09/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 3170 | 3154316 |
| FMR LLC, 4.95%, 02/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 2375 | 2427038 |
| Janus Henderson U.S. Holdings, Inc., 5.45%, <br> 09/10/34<br>| &nbsp;&nbsp; 2645 | 2691079 |
| Jefferies Financial Group, Inc. |  |  |
| 2.63%, 10/15/31 | &nbsp;&nbsp; 10404 | 9247596 |
| 2.75%, 10/15/32 | &nbsp;&nbsp; 3885 | 3392804 |
| 5.50%, 02/15/36 | &nbsp;&nbsp; 10920 | 10739766 |
| 6.20%, 04/14/34<sup>(a)</sup> | &nbsp;&nbsp; 10150 | 10614811 |
| 6.25%, 01/15/36 | &nbsp;&nbsp; 495 | 515198 |
| Lazard Group LLC |  |  |
| 5.63%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2030 | 2104716 |
| 6.00%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3195 | 3412263 |
| LPL Holdings, Inc. |  |  |
| 4.38%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3717 | 3636955 |
| 5.65%, 03/15/35 | &nbsp;&nbsp; 4115 | 4175384 |
| 5.75%, 06/15/35 | &nbsp;&nbsp; 3570 | 3646771 |
| 6.00%, 05/20/34<sup>(a)</sup> | &nbsp;&nbsp; 3970 | 4136893 |
| LSEG U.S. Fin Corp., 5.30%, 03/28/34<sup>(b)</sup> | &nbsp;&nbsp; 5030 | 5187993 |
| LSEGA Financing PLC, 2.50%, 04/06/31<sup>(b)</sup> | &nbsp;&nbsp; 6029 | 5512331 |
| Macquarie Airfinance Holdings Ltd., 6.50%, <br> 03/26/31<sup>(b)</sup><br>| &nbsp;&nbsp; 3005 | 3242371 |
| Mastercard, Inc. |  |  |
| 1.90%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4075 | 3698527 |
| 2.00%, 11/18/31<sup>(a)</sup> | &nbsp;&nbsp; 5841 | 5257322 |
| 4.35%, 01/15/32 | &nbsp;&nbsp; 7635 | 7738468 |
| 4.55%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7196 | 7242079 |
| 4.85%, 03/09/33<sup>(a)</sup> | &nbsp;&nbsp; 4926 | 5098247 |
| 4.88%, 05/09/34<sup>(a)</sup> | &nbsp;&nbsp; 7110 | 7334186 |
| 4.95%, 03/15/32 | &nbsp;&nbsp; 3705 | 3873804 |
| Mitsubishi HC Finance America LLC, 5.66%, <br> 02/28/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3390 | 3586999 |
| Nasdaq, Inc., 5.55%, 02/15/34 | &nbsp;&nbsp; 7668 | 8081525 |
| Nomura Holdings, Inc. |  |  |
| 2.61%, 07/14/31 | &nbsp;&nbsp; 8165 | 7445041 |
| 3.00%, 01/22/32 | &nbsp;&nbsp; 7857 | 7266268 |
| 5.04%, 06/10/36, (5-year CMT + 1.30%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6735 | 6748748 |
| 5.49%, 06/29/35<sup>(a)</sup> | &nbsp;&nbsp; 3515 | 3667108 |
| 5.78%, 07/03/34<sup>(a)</sup> | &nbsp;&nbsp; 6815 | 7250602 |
| 6.09%, 07/12/33<sup>(a)</sup> | &nbsp;&nbsp; 4370 | 4744785 |
| 6.18%, 01/18/33<sup>(a)</sup> | &nbsp;&nbsp; 4080 | 4447122 |
| Nuveen LLC, 5.85%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 4755 | 5055637 |
| ORIX Corp. |  |  |
| 2.25%, 03/09/31 | &nbsp;&nbsp; 4163 | 3796570 |
| 4.00%, 04/13/32<sup>(a)</sup> | &nbsp;&nbsp; 3853 | 3800978 |
| 5.20%, 09/13/32<sup>(a)</sup> | &nbsp;&nbsp; 2655 | 2785790 |
| 5.40%, 02/25/35 | &nbsp;&nbsp; 3600 | 3757724 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Raymond James Financial, Inc., 4.90%, <br> 09/11/35<br>| &nbsp;&nbsp; $4615 | $4607305 |
| SURA Asset Management SA, 6.35%, <br> 05/13/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2785 | 2973545 |
| Synchrony Financial |  |  |
| 2.88%, 10/28/31 | &nbsp;&nbsp; 4867 | 4370021 |
| 6.00%, 07/29/36, (1-day SOFR + 2.07%)<sup>(c)</sup> | &nbsp;&nbsp; 3245 | 3307073 |
| TPG Operating Group II LP |  |  |
| 5.38%, 01/15/36 | &nbsp;&nbsp; 2305 | 2277315 |
| 5.88%, 03/05/34 | &nbsp;&nbsp; 4290 | 4442545 |
| UBS Americas, Inc., 7.13%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4715 | 5439556 |
| Visa, Inc. |  |  |
| 4.15%, 12/14/35<sup>(a)</sup> | &nbsp;&nbsp; 9810 | 9599157 |
| 4.40%, 02/12/33 | &nbsp;&nbsp; 3265 | 3302007 |
| 4.70%, 02/12/36 | &nbsp;&nbsp; 3100 | 3133024 |
| Voya Financial, Inc. |  |  |
| 5.00%, 09/20/34<sup>(a)</sup> | &nbsp;&nbsp; 2985 | 2957666 |
| 5.05%, 03/02/36 | &nbsp;&nbsp; 1325 | 1309912 |
| Western Union Co. (The), 2.75%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2030 | 1852117 |
|  |  | 743056100 |
| **Electric — 8.5%** | **Electric — 8.5%** | **Electric — 8.5%** |
| Abu Dhabi National Energy Co. PJSC |  |  |
| 4.38%, 10/09/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3390 | 3394268 |
| 4.70%, 04/24/33<sup>(b)</sup> | &nbsp;&nbsp; 9120 | 9213429 |
| Adani Electricity Mumbai Ltd., 3.87%, <br> 07/22/31<sup>(b)</sup><br>| &nbsp;&nbsp; 1015 | 938859 |
| AEP Texas, Inc. |  |  |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 4000 | 4048333 |
| 5.40%, 06/01/33 | &nbsp;&nbsp; 2976 | 3095542 |
| 5.70%, 05/15/34 | &nbsp;&nbsp; 3810 | 4035792 |
| Series E, 6.65%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1995 | 2229997 |
| AEP Transmission Co. LLC |  |  |
| 5.15%, 04/01/34 | &nbsp;&nbsp; 3260 | 3369604 |
| 5.38%, 06/15/35 | &nbsp;&nbsp; 2718 | 2840372 |
| AES Andes SA, 6.25%, 03/14/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2415 | 2512728 |
| AES Corp. (The), 5.80%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5375 | 5614814 |
| Alabama Power Co. |  |  |
| 3.05%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4823 | 4527728 |
| 3.94%, 09/01/32 | &nbsp;&nbsp; 3144 | 3097708 |
| 5.10%, 04/02/35<sup>(a)</sup> | &nbsp;&nbsp; 3435 | 3560477 |
| 5.70%, 02/15/33 | &nbsp;&nbsp; 1655 | 1777655 |
| 5.85%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2320 | 2511171 |
| Alliant Energy Corp., 5.75%, 04/01/56, (5-year <br> CMT + 2.08%)<sup>(c)</sup><br>| &nbsp;&nbsp; 1160 | 1156252 |
| Alliant Energy Finance LLC, 3.60%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 2285 | 2162415 |
| Ameren Corp. |  |  |
| 5.00%, 05/15/36 | &nbsp;&nbsp; 2625 | 2627831 |
| 5.38%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4975 | 5137105 |
| Ameren Illinois Co. |  |  |
| 3.85%, 09/01/32 | &nbsp;&nbsp; 3530 | 3439896 |
| 4.95%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3350 | 3458098 |
| American Electric Power Co., Inc. |  |  |
| 5.63%, 03/01/33 | &nbsp;&nbsp; 6900 | 7319350 |
| 5.95%, 11/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4829 | 5220197 |
| 6.95%, 12/15/54, (5-year CMT + 2.68%)<sup>(c)</sup> | &nbsp;&nbsp; 4160 | 4495583 |
| Series C, 5.80%, 03/15/56, (5-year CMT + <br> 2.13%)<sup>(c)</sup><br>| &nbsp;&nbsp; 4000 | 4019452 |
| Series D, 6.05%, 03/15/56, (5-year CMT + <br> 1.94%)<sup>(c)</sup><br>| &nbsp;&nbsp; 1270 | 1274464 |
| American Transmission Systems, Inc., 2.65%, <br> 01/15/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 4287 | 3923074 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Appalachian Power Co. |  |  |
| 4.50%, 08/01/32 | &nbsp;&nbsp; $3930 | $3925793 |
| 5.65%, 04/01/34 | &nbsp;&nbsp; 2915 | 3077329 |
| Series AA, 2.70%, 04/01/31 | &nbsp;&nbsp; 3220 | 2984068 |
| Series L, 5.80%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1565 | 1668089 |
| Arizona Public Service Co. |  |  |
| 2.20%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3450 | 3071936 |
| 5.50%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 180 | 186562 |
| 5.55%, 08/01/33 | &nbsp;&nbsp; 3940 | 4147546 |
| 5.70%, 08/15/34 | &nbsp;&nbsp; 4490 | 4760105 |
| 6.35%, 12/15/32 | &nbsp;&nbsp; 2734 | 3002546 |
| Atlantic City Electric Co., 2.30%, 03/15/31 | &nbsp;&nbsp; 2141 | 1966473 |
| Baltimore Gas and Electric Co. |  |  |
| 2.25%, 06/15/31 | &nbsp;&nbsp; 3793 | 3464345 |
| 5.30%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 2900 | 3036298 |
| 5.45%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 4875 | 5116226 |
| Berkshire Hathaway Energy Co., 1.65%, <br> 05/15/31<br>| &nbsp;&nbsp; 3530 | 3122975 |
| Black Hills Corp. |  |  |
| 4.35%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3395 | 3328438 |
| 6.00%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3315 | 3569816 |
| 6.15%, 05/15/34 | &nbsp;&nbsp; 3260 | 3544464 |
| Capital Power U.S. Holdings, Inc., 6.19%, <br> 06/01/35<sup>(b)</sup><br>| &nbsp;&nbsp; 3450 | 3639870 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 4218 | 4324142 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 3785 | 3871859 |
| 5.15%, 03/01/34 | &nbsp;&nbsp; 3595 | 3725045 |
| Series AE, 2.35%, 04/01/31 | &nbsp;&nbsp; 2255 | 2065372 |
| Series AG, 3.00%, 03/01/32 | &nbsp;&nbsp; 2864 | 2667529 |
| Series ai., 4.45%, 10/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4043 | 4070530 |
| Series AQ, 4.95%, 08/15/35 | &nbsp;&nbsp; 4615 | 4688449 |
| Series AR, 4.85%, 04/01/36 | &nbsp;&nbsp; 1675 | 1680179 |
| Series K2, 6.95%, 03/15/33 | &nbsp;&nbsp; 2065 | 2359052 |
| CenterPoint Energy, Inc. |  |  |
| 5.95%, 04/01/56, (5-year CMT + 2.22%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 1025 | 1034905 |
| Series B, 6.85%, 02/15/55, (5-year CMT + <br> 2.95%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 2705 | 2874479 |
| Cikarang Listrindo Tbk PT, 5.65%, <br> 03/12/35<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2110 | 2163130 |
| Cleco Power LLC |  |  |
| 5.30%, 01/15/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 2430 | 2485129 |
| 6.50%, 12/01/35 | &nbsp;&nbsp; 1805 | 1992395 |
| CMS Energy Corp., 6.50%, 06/01/55, (5-year <br> CMT + 1.96%)<sup>(c)</sup><br>| &nbsp;&nbsp; 6580 | 6876646 |
| Colbun SA |  |  |
| 3.15%, 01/19/32<sup>(b)</sup> | &nbsp;&nbsp; 3430 | 3142436 |
| 5.38%, 09/11/35<sup>(b)</sup> | &nbsp;&nbsp; 2820 | 2845380 |
| Cometa Energia SA de CV, 6.38%, <br> 04/24/35<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1485 | 1557217 |
| Comision Federal de Electricidad |  |  |
| 3.88%, 07/26/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 7230 | 6458197 |
| 6.05%, 01/28/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 7900 | 7988875 |
| 6.45%, 01/24/35<sup>(b)</sup> | &nbsp;&nbsp; 6105 | 6325036 |
| Commonwealth Edison Co. |  |  |
| 3.15%, 03/15/32 | &nbsp;&nbsp; 1980 | 1872862 |
| 4.90%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 2724 | 2803093 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 2210 | 2322503 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.90%, 07/01/33 | &nbsp;&nbsp; 2120 | 2166273 |
| 4.95%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2235 | 2275789 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series A, 2.05%, 07/01/31 | &nbsp;&nbsp; $2924 | $2628583 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 2.40%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5721 | 5273170 |
| 5.13%, 03/15/35 | &nbsp;&nbsp; 2510 | 2593522 |
| 5.20%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3335 | 3494303 |
| 5.38%, 05/15/34 | &nbsp;&nbsp; 3180 | 3349051 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 4540 | 4815647 |
| Series 05-A, 5.30%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2515 | 2623243 |
| Consorcio Transmantaro SA, 4.70%, <br> 04/16/34<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1735 | 1732250 |
| Constellation Energy Generation LLC |  |  |
| 5.80%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 4145 | 4445393 |
| 6.13%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3638 | 3981347 |
| Consumers Energy Co. |  |  |
| 3.60%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2290 | 2207402 |
| 4.63%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4615 | 4677515 |
| 5.05%, 05/15/35 | &nbsp;&nbsp; 4747 | 4890004 |
| Continental Wind LLC, 6.00%, 02/28/33<sup>(b)</sup> | &nbsp;&nbsp; 43 | 43841 |
| Dominion Energy South Carolina, Inc. |  |  |
| 5.30%, 05/15/33 | &nbsp;&nbsp; 2220 | 2338692 |
| 6.63%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 2085 | 2344180 |
| Series 2025, 5.30%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3140 | 3279583 |
| Series A, 2.30%, 12/01/31 | &nbsp;&nbsp; 3240 | 2936203 |
| Dominion Energy, Inc. |  |  |
| 4.35%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2890 | 2866100 |
| 5.38%, 11/15/32 | &nbsp;&nbsp; 5653 | 5920962 |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 4320 | 4463784 |
| 6.20%, 02/15/56, (5-year CMT + 2.01%)<sup>(c)</sup> | &nbsp;&nbsp; 30 | 30542 |
| 6.63%, 05/15/55, (5-year CMT + 2.21%)<sup>(c)</sup> | &nbsp;&nbsp; 8790 | 9124433 |
| Series B, 5.95%, 06/15/35 | &nbsp;&nbsp; 3875 | 4158926 |
| Series B, 7.00%, 06/01/54, (5-year CMT + <br> 2.51%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 6805 | 7387379 |
| Series C, 2.25%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6048 | 5460273 |
| Series E, 6.30%, 03/15/33 | &nbsp;&nbsp; 2250 | 2471717 |
| Series F, 5.25%, 08/01/33 | &nbsp;&nbsp; 4220 | 4369524 |
| DTE Electric Co. |  |  |
| 5.20%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp; 4278 | 4482280 |
| 5.20%, 03/01/34 | &nbsp;&nbsp; 3480 | 3636704 |
| 5.25%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5424 | 5633161 |
| Series A, 3.00%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 3125 | 2930149 |
| Series A, 4.85%, 03/01/36 | &nbsp;&nbsp; 3240 | 3261901 |
| DTE Energy Co. |  |  |
| 5.05%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 3620 | 3653263 |
| 5.85%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5865 | 6308383 |
| Duke Energy Carolinas LLC |  |  |
| 2.55%, 04/15/31 | &nbsp;&nbsp; 3539 | 3295022 |
| 2.85%, 03/15/32 | &nbsp;&nbsp; 3315 | 3070277 |
| 4.85%, 01/15/34 | &nbsp;&nbsp; 4330 | 4422592 |
| 4.95%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 9799 | 10157683 |
| 5.25%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4805 | 5015025 |
| 6.45%, 10/15/32 | &nbsp;&nbsp; 3560 | 3975631 |
| Duke Energy Corp. |  |  |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 7648 | 7038102 |
| 4.50%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 9067 | 9143330 |
| 4.95%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9235 | 9253306 |
| 5.45%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4955 | 5199855 |
| 5.75%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4315 | 4610389 |
| 6.45%, 09/01/54, (5-year CMT + 2.59%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6850 | 7217913 |
| Duke Energy Florida LLC |  |  |
| 2.40%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3018 | 2761303 |
| 4.85%, 12/01/35 | &nbsp;&nbsp; 1661 | 1673691 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.88%, 11/15/33 | &nbsp;&nbsp; $4292 | $4657654 |
| Duke Energy Indiana LLC |  |  |
| 5.25%, 03/01/34 | &nbsp;&nbsp; 2025 | 2126103 |
| 6.12%, 10/15/35 | &nbsp;&nbsp; 35 | 38286 |
| Duke Energy Ohio, Inc. |  |  |
| 5.25%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp; 2530 | 2650162 |
| 5.30%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2436 | 2537267 |
| Duke Energy Progress LLC |  |  |
| 2.00%, 08/15/31 | &nbsp;&nbsp; 5530 | 4977683 |
| 3.40%, 04/01/32 | &nbsp;&nbsp; 3855 | 3691321 |
| 5.05%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6115 | 6275331 |
| 5.10%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3328 | 3460852 |
| 5.25%, 03/15/33 | &nbsp;&nbsp; 3527 | 3700365 |
| Duquesne Light Holdings, Inc., 2.78%, <br> 01/07/32<sup>(b)</sup><br>| &nbsp;&nbsp; 2514 | 2279689 |
| Edison International, 5.25%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3175 | 3233258 |
| El Paso Electric Co., 6.00%, 05/15/35 | &nbsp;&nbsp; 2730 | 2867791 |
| Electricite de France SA |  |  |
| 4.75%, 10/13/35<sup>(b)</sup> | &nbsp;&nbsp; 3000 | 3004430 |
| 5.75%, 01/13/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 4570 | 4865995 |
| 5.95%, 04/22/34<sup>(b)</sup> | &nbsp;&nbsp; 3865 | 4161739 |
| 6.25%, 05/23/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 5985 | 6568472 |
| Emera U.S. Finance LP, 2.64%, 06/15/31 | &nbsp;&nbsp; 2895 | 2656300 |
| Emirates Semb Corp. Water & Power Co. <br> PJSC, 4.45%, 08/01/35<sup>(b)</sup><br>| &nbsp;&nbsp; 600 | 584710 |
| Enel Finance International NV |  |  |
| 2.50%, 07/12/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 7060 | 6432796 |
| 5.00%, 06/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 7859 | 8091369 |
| 5.00%, 09/30/35<sup>(b)</sup> | &nbsp;&nbsp; 8945 | 8935708 |
| 5.50%, 06/26/34<sup>(b)</sup> | &nbsp;&nbsp; 5560 | 5800508 |
| 7.50%, 10/14/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 8175 | 9463512 |
| Engie Energia Chile SA, 6.38%, 04/17/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3855 | 4136947 |
| Engie SA, 5.63%, 04/10/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5010 | 5279323 |
| Entergy Arkansas LLC |  |  |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 3480 | 3512727 |
| 5.15%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2795 | 2909409 |
| 5.30%, 09/15/33 | &nbsp;&nbsp; 2010 | 2111074 |
| 5.45%, 06/01/34 | &nbsp;&nbsp; 4605 | 4870422 |
| Entergy Corp. |  |  |
| 2.40%, 06/15/31 | &nbsp;&nbsp; 4353 | 3951877 |
| 5.88%, 06/15/56, (5-year CMT + 2.18%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 1600 | 1607694 |
| 6.10%, 06/15/56, (5-year CMT + 2.01%)<sup>(c)</sup> | &nbsp;&nbsp; 800 | 806631 |
| Entergy Louisiana LLC |  |  |
| 2.35%, 06/15/32 | &nbsp;&nbsp; 3670 | 3288828 |
| 3.05%, 06/01/31 | &nbsp;&nbsp; 2370 | 2249961 |
| 4.00%, 03/15/33 | &nbsp;&nbsp; 5405 | 5259248 |
| 4.90%, 04/15/36 | &nbsp;&nbsp; 3385 | 3389225 |
| 5.15%, 09/15/34 | &nbsp;&nbsp; 4865 | 5031474 |
| 5.35%, 03/15/34 | &nbsp;&nbsp; 3105 | 3267775 |
| Entergy Mississippi LLC, 5.00%, 09/01/33 | &nbsp;&nbsp; 1930 | 1987632 |
| Entergy Texas, Inc. |  |  |
| 1.75%, 03/15/31 | &nbsp;&nbsp; 3853 | 3443158 |
| 5.25%, 04/15/35 | &nbsp;&nbsp; 3555 | 3689299 |
| Evergy Kansas Central, Inc. |  |  |
| 5.25%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3800 | 3907939 |
| 5.90%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2165 | 2343283 |
| Evergy Metro, Inc. |  |  |
| 4.95%, 04/15/33 | &nbsp;&nbsp; 2470 | 2534048 |
| 5.13%, 08/15/35 | &nbsp;&nbsp; 2920 | 2977339 |
| 5.40%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 2105 | 2220531 |
| Series B, 6.05%, 11/15/35 | &nbsp;&nbsp; 365 | 400026 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Evergy Missouri West, Inc. |  |  |
| 3.75%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; $1657 | $1551172 |
| 5.25%, 12/15/35<sup>(b)</sup> | &nbsp;&nbsp; 2460 | 2490037 |
| 5.65%, 06/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 2335 | 2440031 |
| Eversource Energy |  |  |
| 2.55%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2140 | 1965765 |
| 3.38%, 03/01/32 | &nbsp;&nbsp; 4770 | 4472541 |
| 5.13%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5910 | 6039259 |
| 5.50%, 01/01/34<sup>(a)</sup> | &nbsp;&nbsp; 4990 | 5179710 |
| 5.85%, 04/15/31 | &nbsp;&nbsp; 4725 | 5025747 |
| 5.95%, 07/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4940 | 5279017 |
| Exelon Corp. |  |  |
| 3.35%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4152 | 3923715 |
| 4.95%, 06/15/35 | &nbsp;&nbsp; 2155 | 2158069 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 6900 | 6859695 |
| 5.30%, 03/15/33 | &nbsp;&nbsp; 6346 | 6649927 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 4188 | 4398583 |
| 5.63%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3390 | 3575968 |
| 6.50%, 03/15/55, (5-year CMT + 1.98%)<sup>(c)</sup> | &nbsp;&nbsp; 6530 | 6833789 |
| 7.60%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 2030 | 2362434 |
| FirstEnergy Transmission LLC |  |  |
| 4.75%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2080 | 2097492 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 2920 | 2960881 |
| Florida Power & Light Co. |  |  |
| 2.45%, 02/03/32 | &nbsp;&nbsp; 11537 | 10536932 |
| 4.70%, 02/15/36 | &nbsp;&nbsp; 3375 | 3384955 |
| 4.80%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5475 | 5615613 |
| 4.95%, 06/01/35 | &nbsp;&nbsp; 2270 | 2325500 |
| 5.00%, 08/01/34 | &nbsp;&nbsp; 3583 | 3709974 |
| 5.10%, 04/01/33 | &nbsp;&nbsp; 5188 | 5407041 |
| 5.30%, 06/15/34 | &nbsp;&nbsp; 7502 | 7908867 |
| 5.63%, 04/01/34 | &nbsp;&nbsp; 3870 | 4184051 |
| 5.95%, 10/01/33<sup>(a)</sup> | &nbsp;&nbsp; 1835 | 2024751 |
| Georgia Power Co. |  |  |
| 4.70%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4898 | 5017440 |
| 4.95%, 05/17/33 | &nbsp;&nbsp; 6915 | 7141213 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 4903 | 5093495 |
| 5.25%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6380 | 6663772 |
| Idaho Power Co. |  |  |
| 4.85%, 03/01/36 | &nbsp;&nbsp; 2300 | 2302073 |
| 5.20%, 08/15/34 | &nbsp;&nbsp; 1945 | 2029908 |
| Indianapolis Power & Light Co. |  |  |
| 5.05%, 08/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 2085 | 2137161 |
| 5.65%, 12/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2150 | 2282264 |
| Interconexion Electrica SA ESP, 3.83%, <br> 11/26/33<sup>(b)</sup><br>| &nbsp;&nbsp; 460 | 425967 |
| Interstate Power and Light Co. |  |  |
| 4.95%, 09/30/34 | &nbsp;&nbsp; 2605 | 2636663 |
| 5.60%, 06/29/35 | &nbsp;&nbsp; 4230 | 4451249 |
| 5.70%, 10/15/33 | &nbsp;&nbsp; 2356 | 2503875 |
| IPALCO Enterprises, Inc., 5.75%, 04/01/34 | &nbsp;&nbsp; 2645 | 2725447 |
| ITC Holdings Corp. |  |  |
| 5.40%, 06/01/33<sup>(b)</sup> | &nbsp;&nbsp; 3185 | 3304219 |
| 5.65%, 05/09/34<sup>(b)</sup> | &nbsp;&nbsp; 2880 | 3035355 |
| Jersey Central Power & Light Co. |  |  |
| 2.75%, 03/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3939 | 3599193 |
| 5.10%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5265 | 5407449 |
| 5.15%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 3030 | 3108148 |
| Kallpa Generacion SA |  |  |
| 5.50%, 09/11/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 4145 | 4196812 |
| 5.88%, 01/30/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2935 | 3062673 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Kentucky Power Co., 7.00%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; $2375 | $2611227 |
| Kentucky Utilities Co., 5.45%, 04/15/33 | &nbsp;&nbsp; 2694 | 2854909 |
| Liberty Utilities Co., 5.87%, 01/31/34<sup>(b)</sup> | &nbsp;&nbsp; 2350 | 2473329 |
| Louisville Gas and Electric Co., 5.45%, <br> 04/15/33<br>| &nbsp;&nbsp; 2625 | 2774099 |
| Mexico Generadora de Energia S de rl, 5.50%, <br> 12/06/32<sup>(b)</sup><br>| &nbsp;&nbsp; 231 | 234303 |
| MidAmerican Energy Co. |  |  |
| 5.35%, 01/15/34 | &nbsp;&nbsp; 2629 | 2762993 |
| 5.75%, 11/01/35<sup>(a)</sup> | &nbsp;&nbsp; 105 | 113448 |
| 6.75%, 12/30/31<sup>(a)</sup> | &nbsp;&nbsp; 3120 | 3540059 |
| Monongahela Power Co., 5.85%, 02/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 2648 | 2851326 |
| Narragansett Electric Co. (The), 5.35%, <br> 05/01/34<sup>(b)</sup><br>| &nbsp;&nbsp; 3330 | 3450762 |
| National Grid PLC |  |  |
| 5.42%, 01/11/34<sup>(a)</sup> | &nbsp;&nbsp; 5385 | 5627780 |
| 5.81%, 06/12/33 | &nbsp;&nbsp; 5999 | 6417608 |
| National Grid USA, 5.80%, 04/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1920 | 2040501 |
| National Rural Utilities Cooperative <br> Finance Corp.<br>|  |  |
| 1.35%, 03/15/31 | &nbsp;&nbsp; 2603 | 2272555 |
| 1.65%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2195 | 1932549 |
| 2.75%, 04/15/32 | &nbsp;&nbsp; 3895 | 3550890 |
| 4.02%, 11/01/32 | &nbsp;&nbsp; 4660 | 4605381 |
| 4.15%, 12/15/32 | &nbsp;&nbsp; 3255 | 3211282 |
| 5.00%, 08/15/34 | &nbsp;&nbsp; 3490 | 3602049 |
| 5.80%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4010 | 4336342 |
| Series C, 8.00%, 03/01/32 | &nbsp;&nbsp; 3165 | 3802370 |
| New York State Electric & Gas Corp. |  |  |
| 2.15%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 2460 | 2196655 |
| 5.05%, 08/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 2060 | 2097124 |
| 5.30%, 08/15/34<sup>(b)</sup> | &nbsp;&nbsp; 3325 | 3471986 |
| 5.85%, 08/15/33<sup>(b)</sup> | &nbsp;&nbsp; 2280 | 2447532 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 2.44%, 01/15/32 | &nbsp;&nbsp; 7808 | 7043353 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 7475 | 7714360 |
| 5.05%, 02/28/33 | &nbsp;&nbsp; 7365 | 7605667 |
| 5.25%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 8170 | 8465959 |
| 5.30%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7420 | 7777901 |
| 5.45%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7735 | 8043370 |
| 6.50%, 08/15/55, (5-year CMT + 1.98%)<sup>(c)</sup> | &nbsp;&nbsp; 3185 | 3376501 |
| 6.75%, 06/15/54, (5-year CMT + 2.46%)<sup>(c)</sup> | &nbsp;&nbsp; 8195 | 8718758 |
| Niagara Energy SAC, 5.75%, 10/03/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 7710 | 7979330 |
| Niagara Mohawk Power Corp. |  |  |
| 2.76%, 01/10/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3210 | 2927887 |
| 4.28%, 10/01/34<sup>(b)</sup> | &nbsp;&nbsp; 3450 | 3300697 |
| 5.11%, 01/12/36<sup>(b)</sup> | &nbsp;&nbsp; 2245 | 2276670 |
| 5.29%, 01/17/34<sup>(b)</sup> | &nbsp;&nbsp; 3410 | 3507556 |
| Northern States Power Co. |  |  |
| 2.25%, 04/01/31 | &nbsp;&nbsp; 2520 | 2309015 |
| 5.25%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 155 | 160214 |
| Northern States Power Co./MN, 5.05%, <br> 05/15/35<sup>(a)</sup><br>| &nbsp;&nbsp; 4521 | 4643979 |
| NRG Energy, Inc. |  |  |
| 5.41%, 10/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 4835 | 4886565 |
| 7.00%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 5045 | 5614347 |
| NSTAR Electric Co. |  |  |
| 1.95%, 08/15/31 | &nbsp;&nbsp; 2919 | 2600481 |
| 5.20%, 03/01/35 | &nbsp;&nbsp; 4735 | 4874447 |
| 5.40%, 06/01/34 | &nbsp;&nbsp; 4185 | 4376590 |
| Ohio Edison Co., 5.50%, 01/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 2140 | 2245148 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Ohio Power Co. |  |  |
| 5.00%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; $2879 | $2941901 |
| 5.65%, 06/01/34 | &nbsp;&nbsp; 2350 | 2481418 |
| Series D, 6.60%, 03/01/33 | &nbsp;&nbsp; 1760 | 1953481 |
| Series F, 5.85%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1565 | 1674119 |
| Series G, 6.60%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1860 | 2063313 |
| Oklahoma Gas and Electric Co., 5.40%, <br> 01/15/33<br>| &nbsp;&nbsp; 2890 | 3043482 |
| Oncor Electric Delivery Co. LLC |  |  |
| 4.15%, 06/01/32 | &nbsp;&nbsp; 2840 | 2814265 |
| 4.55%, 09/15/32 | &nbsp;&nbsp; 5064 | 5121292 |
| 5.35%, 04/01/35<sup>(b)</sup> | &nbsp;&nbsp; 4535 | 4722713 |
| 5.65%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5958 | 6392253 |
| 7.00%, 05/01/32 | &nbsp;&nbsp; 4025 | 4585526 |
| 7.25%, 01/15/33 | &nbsp;&nbsp; 2215 | 2569725 |
| Pacific Gas and Electric Co. |  |  |
| 3.25%, 06/01/31 | &nbsp;&nbsp; 6188 | 5833259 |
| 4.40%, 03/01/32 | &nbsp;&nbsp; 3394 | 3363619 |
| 5.05%, 10/15/32 | &nbsp;&nbsp; 5525 | 5630715 |
| 5.20%, 05/01/36 | &nbsp;&nbsp; 3665 | 3677157 |
| 5.70%, 03/01/35 | &nbsp;&nbsp; 7430 | 7746994 |
| 5.80%, 05/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7690 | 8113583 |
| 5.90%, 06/15/32 | &nbsp;&nbsp; 4709 | 4988597 |
| 6.00%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5980 | 6371745 |
| 6.15%, 01/15/33 | &nbsp;&nbsp; 5690 | 6114251 |
| 6.40%, 06/15/33 | &nbsp;&nbsp; 7650 | 8334944 |
| 6.95%, 03/15/34 | &nbsp;&nbsp; 6123 | 6891925 |
| PacifiCorp |  |  |
| 5.25%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2820 | 2856492 |
| 5.45%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7930 | 8144674 |
| 7.70%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3030 | 3501112 |
| PECO Energy Co. |  |  |
| 4.88%, 09/15/35 | &nbsp;&nbsp; 4045 | 4100182 |
| 4.90%, 06/15/33 | &nbsp;&nbsp; 3895 | 4009041 |
| Perusahaan Perseroan Persero PT Perusahaan <br> Listrik Negara, 5.45%, 02/03/36<sup>(b)</sup><br>| &nbsp;&nbsp; 7000 | 6999286 |
| Potomac Electric Power Co., 5.20%, 03/15/34 | &nbsp;&nbsp; 2430 | 2536244 |
| PPL Capital Funding, Inc., 5.25%, 09/01/34 | &nbsp;&nbsp; 4850 | 5011216 |
| PPL Electric Utilities Corp. |  |  |
| 4.85%, 02/15/34 | &nbsp;&nbsp; 4565 | 4672038 |
| 5.00%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4133 | 4269774 |
| Progress Energy, Inc., 7.00%, 10/30/31 | &nbsp;&nbsp; 2615 | 2956903 |
| Public Service Co. of Colorado |  |  |
| 1.88%, 06/15/31 | &nbsp;&nbsp; 5361 | 4773624 |
| 4.10%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 2615 | 2593801 |
| 5.15%, 09/15/35 | &nbsp;&nbsp; 6560 | 6698183 |
| 5.35%, 05/15/34 | &nbsp;&nbsp; 6063 | 6329061 |
| Public Service Co. of New Hampshire |  |  |
| 5.35%, 10/01/33 | &nbsp;&nbsp; 3825 | 4036439 |
| Series V, 2.20%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2125 | 1931010 |
| Public Service Co. of Oklahoma |  |  |
| 5.20%, 01/15/35 | &nbsp;&nbsp; 4665 | 4764282 |
| 5.25%, 01/15/33 | &nbsp;&nbsp; 3470 | 3594191 |
| 5.45%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 5015 | 5196158 |
| Series J, 2.20%, 08/15/31 | &nbsp;&nbsp; 3180 | 2848500 |
| Public Service Electric and Gas Co. |  |  |
| 1.90%, 08/15/31 | &nbsp;&nbsp; 3283 | 2933238 |
| 3.10%, 03/15/32 | &nbsp;&nbsp; 3360 | 3159148 |
| 4.65%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3425 | 3465535 |
| 4.85%, 08/01/34 | &nbsp;&nbsp; 4330 | 4400965 |
| 4.90%, 12/15/32 | &nbsp;&nbsp; 3362 | 3472406 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.90%, 08/15/35 | &nbsp;&nbsp; $3630 | $3702946 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 2890 | 2989651 |
| 5.20%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3845 | 4020034 |
| 5.20%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 3315 | 3455262 |
| Series D, 5.25%, 07/01/35<sup>(a)</sup> | &nbsp;&nbsp; 255 | 265268 |
| Public Service Enterprise Group, Inc. |  |  |
| 2.45%, 11/15/31 | &nbsp;&nbsp; 5460 | 4948446 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 2840 | 2946159 |
| 5.45%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 3445 | 3600694 |
| 6.13%, 10/15/33 | &nbsp;&nbsp; 2651 | 2872499 |
| Puget Energy, Inc. |  |  |
| 4.22%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3655 | 3572324 |
| 5.73%, 03/15/35 | &nbsp;&nbsp; 4300 | 4449083 |
| Puget Sound Energy, Inc. |  |  |
| 5.33%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2930 | 3049937 |
| 5.48%, 06/01/35 | &nbsp;&nbsp; 1505 | 1565147 |
| RWE Finance U.S. LLC |  |  |
| 5.13%, 09/18/35<sup>(b)</sup> | &nbsp;&nbsp; 6000 | 6015079 |
| 5.88%, 04/16/34<sup>(b)</sup> | &nbsp;&nbsp; 7220 | 7664697 |
| San Diego Gas & Electric Co. |  |  |
| 5.35%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1765 | 1834560 |
| 5.40%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6121 | 6378779 |
| Series XXX, 3.00%, 03/15/32 | &nbsp;&nbsp; 3673 | 3413047 |
| Sempra |  |  |
| 5.50%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 6194 | 6533601 |
| 6.40%, 10/01/54, (5-year CMT + 2.63%)<sup>(c)</sup> | &nbsp;&nbsp; 8575 | 8748541 |
| 6.55%, 04/01/55, (5-year CMT + 2.14%)<sup>(c)</sup> | &nbsp;&nbsp; 4195 | 4282587 |
| Sociedad de Transmision Austral SA, 4.00%, <br> 01/27/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2480 | 2360530 |
| Solar Star Funding LLC, 5.38%, 06/30/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 486 | 500185 |
| Southern California Edison Co. |  |  |
| 2.75%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4425 | 4016807 |
| 4.80%, 03/15/33 | &nbsp;&nbsp; 4925 | 4946758 |
| 5.20%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 6898 | 7012438 |
| 5.45%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 3320 | 3478046 |
| 5.45%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 6635 | 6826924 |
| 5.95%, 11/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4985 | 5340956 |
| 6.00%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3939 | 4202600 |
| Series 04-G, 5.75%, 04/01/35 | &nbsp;&nbsp; 2495 | 2606413 |
| Series 05-E, 5.35%, 07/15/35 | &nbsp;&nbsp; 2300 | 2341630 |
| Series G, 2.50%, 06/01/31 | &nbsp;&nbsp; 3161 | 2889163 |
| Southern Co.(The) |  |  |
| 4.85%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5065 | 5055800 |
| 5.20%, 06/15/33 | &nbsp;&nbsp; 5670 | 5872681 |
| 5.70%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4065 | 4351148 |
| 5.70%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7760 | 8253898 |
| Series 2025, 6.38%, 03/15/55, (5-year CMT <br> + 2.07%)<sup>(c)</sup><br>| &nbsp;&nbsp; 12165 | 12727254 |
| Southern Power Co., Series B, 4.90%, <br> 10/01/35<br>| &nbsp;&nbsp; 3415 | 3402647 |
| Southwestern Electric Power Co., 5.30%, <br> 04/01/33<sup>(a)</sup><br>| &nbsp;&nbsp; 2595 | 2690676 |
| Southwestern Public Service Co., 5.30%, <br> 05/15/35<br>| &nbsp;&nbsp; 3670 | 3790045 |
| System Energy Resources, Inc., 5.30%, <br> 12/15/34<br>| &nbsp;&nbsp; 3775 | 3853815 |
| Tampa Electric Co. |  |  |
| 2.40%, 03/15/31 | &nbsp;&nbsp; 2346 | 2161957 |
| 5.15%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 4170 | 4282351 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Tucson Electric Power Co. |  |  |
| 3.25%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; $2076 | $1948852 |
| 5.20%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2795 | 2883217 |
| Union Electric Co. |  |  |
| 2.15%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3670 | 3266243 |
| 4.80%, 03/15/36 | &nbsp;&nbsp; 2950 | 2956558 |
| 5.20%, 04/01/34 | &nbsp;&nbsp; 3610 | 3768348 |
| 5.25%, 04/15/35 | &nbsp;&nbsp; 3530 | 3660259 |
| Virginia Electric and Power Co. |  |  |
| 2.30%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4331 | 3904996 |
| 2.40%, 03/30/32<sup>(a)</sup> | &nbsp;&nbsp; 4095 | 3687507 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 6575 | 6564268 |
| 5.00%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp; 6249 | 6421754 |
| 5.00%, 01/15/34 | &nbsp;&nbsp; 3834 | 3911587 |
| 5.05%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4487 | 4576090 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 4892 | 5004567 |
| 5.30%, 08/15/33 | &nbsp;&nbsp; 2858 | 2989313 |
| Series B, 6.00%, 01/15/36 | &nbsp;&nbsp; 3790 | 4093874 |
| Series C, 4.90%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6355 | 6374109 |
| Vistra Operations Co. LLC |  |  |
| 5.25%, 10/15/35<sup>(b)</sup> | &nbsp;&nbsp; 5380 | 5391384 |
| 5.35%, 01/31/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 2850 | 2869731 |
| 5.70%, 12/30/34<sup>(b)</sup> | &nbsp;&nbsp; 6185 | 6409689 |
| 6.00%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 3905 | 4139761 |
| 6.95%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 7550 | 8463905 |
| WEC Energy Group, Inc., 5.63%, 05/15/56, <br> (5-year CMT + 1.91%)<sup>(c)</sup><br>| &nbsp;&nbsp; 1600 | 1610094 |
| Wisconsin Electric Power Co. |  |  |
| 4.60%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 2690 | 2709666 |
| 4.75%, 09/30/32<sup>(a)</sup> | &nbsp;&nbsp; 3630 | 3735245 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 2185 | 2363301 |
| Wisconsin Power and Light Co. |  |  |
| 1.95%, 09/16/31<sup>(a)</sup> | &nbsp;&nbsp; 2220 | 1976841 |
| 3.95%, 09/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4507 | 4402354 |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 2446 | 2504650 |
| 5.38%, 03/30/34 | &nbsp;&nbsp; 2285 | 2376249 |
| Xcel Energy, Inc. |  |  |
| 2.35%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2939 | 2650569 |
| 4.60%, 06/01/32 | &nbsp;&nbsp; 4935 | 4971692 |
| 5.45%, 08/15/33 | &nbsp;&nbsp; 5835 | 6091420 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 5185 | 5413379 |
| 5.60%, 04/15/35 | &nbsp;&nbsp; 5505 | 5754138 |
| 5.75%, 12/03/56, (5-year CMT + 2.17%)<sup>(c)</sup> | &nbsp;&nbsp; 3275 | 3274986 |
|  |  | 1561427460 |
| **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** |
| Emerson Electric Co. |  |  |
| 2.20%, 12/21/31<sup>(a)</sup> | &nbsp;&nbsp; 8419 | 7643130 |
| 5.00%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3865 | 3998465 |
| 6.00%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1020 | 1126179 |
| Molex Electronic Technologies LLC, 5.25%, <br> 04/30/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2495 | 2588482 |
|  |  | 15356256 |
| **Electronics — 0.8%** | **Electronics — 0.8%** | **Electronics — 0.8%** |
| Allegion U.S. Holding Co., Inc. |  |  |
| 5.41%, 07/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4433 | 4631533 |
| 5.60%, 05/29/34 | &nbsp;&nbsp; 2980 | 3146817 |
| Amphenol Corp. |  |  |
| 2.20%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5980 | 5421521 |
| 4.40%, 02/15/33 | &nbsp;&nbsp; 7150 | 7167596 |
| 4.63%, 02/15/36 | &nbsp;&nbsp; 8975 | 8920022 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 5.00%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; $5330 | $5469108 |
| 5.25%, 04/05/34 | &nbsp;&nbsp; 4410 | 4619641 |
| Arrow Electronics, Inc. |  |  |
| 2.95%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3383 | 3063018 |
| 5.88%, 04/10/34<sup>(a)</sup> | &nbsp;&nbsp; 3590 | 3782473 |
| Avnet, Inc. |  |  |
| 3.00%, 05/15/31 | &nbsp;&nbsp; 2211 | 2039178 |
| 5.50%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 2075 | 2154161 |
| Flex Ltd. |  |  |
| 5.25%, 01/15/32 | &nbsp;&nbsp; 5280 | 5420624 |
| 5.38%, 11/13/35<sup>(a)</sup> | &nbsp;&nbsp; 3380 | 3417046 |
| Honeywell International, Inc. |  |  |
| 1.75%, 09/01/31 | &nbsp;&nbsp; 10786 | 9553478 |
| 4.50%, 01/15/34 | &nbsp;&nbsp; 7400 | 7441298 |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 5010 | 5161280 |
| 4.95%, 09/01/31 | &nbsp;&nbsp; 4605 | 4812403 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 7971 | 8315144 |
| 5.00%, 03/01/35 | &nbsp;&nbsp; 10095 | 10413152 |
| Hubbell, Inc. |  |  |
| 2.30%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2201 | 2032055 |
| 4.80%, 11/15/35 | &nbsp;&nbsp; 2175 | 2187938 |
| Jabil, Inc., 4.75%, 02/01/33 | &nbsp;&nbsp; 2065 | 2057447 |
| Keysight Technologies, Inc., 4.95%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3935 | 4011742 |
| TD SYNNEX Corp. |  |  |
| 2.65%, 08/09/31 | &nbsp;&nbsp; 3781 | 3422994 |
| 5.30%, 10/10/35 | &nbsp;&nbsp; 3275 | 3265016 |
| 6.10%, 04/12/34 | &nbsp;&nbsp; 4055 | 4298151 |
| Trimble, Inc., 6.10%, 03/15/33 | &nbsp;&nbsp; 5463 | 5821841 |
| Tyco Electronics Group SA |  |  |
| 2.50%, 02/04/32 | &nbsp;&nbsp; 4241 | 3860762 |
| 4.88%, 02/09/36<sup>(a)</sup> | &nbsp;&nbsp; 2215 | 2250039 |
| 5.00%, 05/09/35 | &nbsp;&nbsp; 3415 | 3499940 |
| Vontier Corp., 2.95%, 04/01/31 | &nbsp;&nbsp; 3985 | 3702052 |
|  |  | 145359470 |
| **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** |
| CIMIC Finance USA Pty. Ltd., 7.00%, <br> 03/25/34<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 4410 | 4855231 |
| Jacobs Engineering Group, Inc., 5.90%, <br> 03/01/33<sup>(a)</sup><br>| &nbsp;&nbsp; 3975 | 4193327 |
| Jacobs Solutions, Inc., 5.38%, 03/03/36 | &nbsp;&nbsp; 3275 | 3275552 |
| Sitios Latinoamerica SAB de CV, 5.38%, <br> 04/04/32<sup>(b)</sup><br>| &nbsp;&nbsp; 6470 | 6511169 |
| Ste Transcore Holdings, Inc., 3.75%, <br> 05/05/32<sup>(b)</sup><br>| &nbsp;&nbsp; 2140 | 2098562 |
| Summit Digitel Infrastructure Ltd., 2.88%, <br> 08/12/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1215 | 1120306 |
|  |  | 22054147 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Flutter Treasury DAC, 5.88%, 06/04/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5375 | 5359596 |
| Genm Capital Labuan Ltd., 3.88%, <br> 04/19/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6370 | 5897331 |
|  |  | 11256927 |
| **Environmental Control — 0.6%** | **Environmental Control — 0.6%** | **Environmental Control — 0.6%** |
| Republic Services, Inc. |  |  |
| 1.75%, 02/15/32 | &nbsp;&nbsp; 5964 | 5212074 |
| 2.38%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5365 | 4751651 |
| 5.00%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4913 | 5121435 |
| 5.00%, 04/01/34 | &nbsp;&nbsp; 5779 | 5994035 |
| 5.15%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4825 | 5040576 |
| 5.20%, 11/15/34 | &nbsp;&nbsp; 3645 | 3815586 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| Veralto Corp., 5.45%, 09/18/33 | &nbsp;&nbsp; $4843 | $5103502 |
| Waste Connections, Inc. |  |  |
| 2.20%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5537 | 4964626 |
| 3.20%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 3717 | 3511661 |
| 4.20%, 01/15/33 | &nbsp;&nbsp; 5837 | 5778114 |
| 5.00%, 03/01/34 | &nbsp;&nbsp; 5230 | 5400836 |
| 5.25%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 3800 | 3977684 |
| Waste Management, Inc. |  |  |
| 1.50%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6031 | 5340287 |
| 3.90%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2315 | 2210394 |
| 4.15%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7465 | 7480730 |
| 4.63%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3709 | 3799733 |
| 4.80%, 03/15/32 | &nbsp;&nbsp; 6210 | 6428238 |
| 4.88%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 8855 | 9170479 |
| 4.95%, 07/03/31 | &nbsp;&nbsp; 5294 | 5523496 |
| 4.95%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 10210 | 10501997 |
|  |  | 109127134 |
| **Food — 1.9%** | **Food — 1.9%** | **Food — 1.9%** |
| Bimbo Bakeries USA, Inc. |  |  |
| 5.38%, 01/09/36<sup>(b)</sup> | &nbsp;&nbsp; 5235 | 5408379 |
| 6.40%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 3585 | 3951918 |
| Campbell's Co. (The), 4.55%, 03/21/31<sup>(a)</sup> | &nbsp;&nbsp; 2375 | 2379088 |
| Campbell's Company/The |  |  |
| 4.75%, 03/23/35<sup>(a)</sup> | &nbsp;&nbsp; 5750 | 5583096 |
| 5.40%, 03/21/34<sup>(a)</sup> | &nbsp;&nbsp; 7165 | 7322366 |
| CK Hutchison International 21 Ltd., 2.50%, <br> 04/15/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5936 | 5503071 |
| Conagra Brands, Inc., 5.75%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 3555 | 3665856 |
| Delhaize America LLC, 9.00%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 170 | 202281 |
| Flowers Foods, Inc. |  |  |
| 2.40%, 03/15/31 | &nbsp;&nbsp; 3465 | 3048853 |
| 5.75%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3580 | 3546788 |
| General Mills, Inc. |  |  |
| 2.25%, 10/14/31<sup>(a)</sup> | &nbsp;&nbsp; 3948 | 3543170 |
| 4.95%, 03/29/33<sup>(a)</sup> | &nbsp;&nbsp; 6655 | 6805045 |
| 5.25%, 01/30/35<sup>(a)</sup> | &nbsp;&nbsp; 5570 | 5714842 |
| Gruma SAB de CV, 5.39%, 12/09/34<sup>(b)</sup> | &nbsp;&nbsp; 2080 | 2128880 |
| Hershey Co.(The) |  |  |
| 4.50%, 05/04/33<sup>(a)</sup> | &nbsp;&nbsp; 2790 | 2839013 |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 3970 | 4146988 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 3365 | 3527024 |
| J M Smucker Co.(The) |  |  |
| 2.13%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2775 | 2435687 |
| 4.25%, 03/15/35 | &nbsp;&nbsp; 4645 | 4456213 |
| 6.20%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 6655 | 7302742 |
| JBS NV/JBS USA Foods Group Holdings, <br> Inc./JBS USA Food Co. Holdings<br>|  |  |
| 5.50%, 01/15/36 | &nbsp;&nbsp; 6600 | 6772851 |
| 5.95%, 04/20/35 | &nbsp;&nbsp; 7495 | 7946735 |
| JBS USA Holding Lux Sarl/JBS USA Foods <br> Group Holdings, Inc./JBS USA Food Co.<br>|  |  |
| 3.00%, 05/15/32 | &nbsp;&nbsp; 7288 | 6636120 |
| 3.63%, 01/15/32 | &nbsp;&nbsp; 6935 | 6563273 |
| 3.75%, 12/01/31 | &nbsp;&nbsp; 3902 | 3721563 |
| 5.75%, 04/01/33<sup>(a)</sup> | &nbsp;&nbsp; 11279 | 11861177 |
| 6.75%, 03/15/34 | &nbsp;&nbsp; 11382 | 12689393 |
| Kellanova |  |  |
| 5.25%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 2730 | 2873705 |
| Series B, 7.45%, 04/01/31 | &nbsp;&nbsp; 4398 | 5067109 |
| Kraft Heinz Foods Co. |  |  |
| 4.25%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 2219 | 2217284 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 5.00%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; $4225 | $4240601 |
| 5.20%, 03/15/32 | &nbsp;&nbsp; 4230 | 4384855 |
| 5.40%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3598 | 3717323 |
| 6.75%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2237 | 2491401 |
| Kroger Co.(The) |  |  |
| 5.00%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 15025 | 15277096 |
| 7.50%, 04/01/31 | &nbsp;&nbsp; 3015 | 3463425 |
| Mars, Inc. |  |  |
| 1.63%, 07/16/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 5755 | 4945231 |
| 3.60%, 04/01/34<sup>(b)</sup> | &nbsp;&nbsp; 4080 | 3821442 |
| 4.65%, 04/20/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3360 | 3456997 |
| 4.75%, 04/20/33<sup>(b)</sup> | &nbsp;&nbsp; 6740 | 6864987 |
| 5.00%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 19635 | 20339192 |
| 5.20%, 03/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 33505 | 34693170 |
| McCormick & Co., Inc./MD |  |  |
| 4.70%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3530 | 3529346 |
| 4.95%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3548 | 3640857 |
| Mondelez International, Inc. |  |  |
| 1.88%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4420 | 3846473 |
| 3.00%, 03/17/32 | &nbsp;&nbsp; 5695 | 5287601 |
| 4.75%, 08/28/34<sup>(a)</sup> | &nbsp;&nbsp; 3485 | 3505440 |
| 5.13%, 05/06/35<sup>(a)</sup> | &nbsp;&nbsp; 2855 | 2952208 |
| 6.50%, 11/01/31<sup>(a)</sup> | &nbsp;&nbsp; 1985 | 2211317 |
| Nestle Capital Corp. |  |  |
| 4.75%, 03/12/31<sup>(b)</sup> | &nbsp;&nbsp; 3105 | 3222521 |
| 4.88%, 03/12/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5485 | 5693459 |
| Nestle Holdings, Inc. |  |  |
| 1.88%, 09/14/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 6835 | 6145404 |
| 4.30%, 10/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 8533 | 8658079 |
| 4.85%, 03/14/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 4573 | 4744564 |
| 5.00%, 09/12/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 2610 | 2751599 |
| Smithfield Foods, Inc., 2.63%, 09/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3725 | 3343140 |
| Sysco Corp. |  |  |
| 2.45%, 12/14/31 | &nbsp;&nbsp; 3707 | 3366621 |
| 4.40%, 07/25/31 | &nbsp;&nbsp; 2475 | 2484096 |
| 4.95%, 03/25/36<sup>(a)</sup> | &nbsp;&nbsp; 2475 | 2479722 |
| 5.38%, 09/21/35 | &nbsp;&nbsp; 2820 | 2941641 |
| 5.40%, 03/23/35 | &nbsp;&nbsp; 3675 | 3838724 |
| 6.00%, 01/17/34 | &nbsp;&nbsp; 3485 | 3795859 |
| Tyson Foods, Inc. |  |  |
| 4.88%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3520 | 3565035 |
| 4.95%, 02/20/36 | &nbsp;&nbsp; 2475 | 2490833 |
| 5.70%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6185 | 6581254 |
|  |  | 348632023 |
| **Food Service — 0.0%** | **Food Service — 0.0%** | **Food Service — 0.0%** |
| Sodexo, Inc. |  |  |
| 2.72%, 04/16/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4893 | 4509923 |
| 5.80%, 08/15/35<sup>(b)</sup> | &nbsp;&nbsp; 3020 | 3178840 |
|  |  | 7688763 |
| **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** |
| Celulosa Arauco y Constitucion SA, 6.18%, <br> 05/05/32<sup>(b)</sup><br>| &nbsp;&nbsp; 3285 | 3358954 |
| Georgia-Pacific LLC |  |  |
| 4.95%, 06/30/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3950 | 4104534 |
| 8.88%, 05/15/31 | &nbsp;&nbsp; 2901 | 3536104 |
| International Paper Co., 5.00%, 09/15/35 | &nbsp;&nbsp; 953 | 957605 |
| Inversiones CMPC SA |  |  |
| 3.00%, 04/06/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3685 | 3284378 |
| 6.13%, 06/23/33<sup>(b)</sup> | &nbsp;&nbsp; 2505 | 2552114 |
| 6.13%, 02/26/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3710 | 3792455 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Forest Products & Paper (continued)** | **Forest Products & Paper (continued)** | **Forest Products & Paper (continued)** |
| Suzano Austria GmbH, 3.13%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; $7140 | $6465069 |
| Suzano Netherlands BV, 5.50%, 01/15/36 | &nbsp;&nbsp; 6680 | 6750140 |
|  |  | 34801353 |
| **Gas — 0.8%** | **Gas — 0.8%** | **Gas — 0.8%** |
| APA Infrastructure Ltd. |  |  |
| 5.00%, 03/23/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1890 | 1911314 |
| 5.13%, 09/16/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5850 | 5960537 |
| Atmos Energy Corp. |  |  |
| 5.20%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4156 | 4339699 |
| 5.45%, 10/15/32 | &nbsp;&nbsp; 2024 | 2160166 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 6049 | 6612596 |
| Boston Gas Co. |  |  |
| 3.76%, 03/16/32<sup>(b)</sup> | &nbsp;&nbsp; 3110 | 2984753 |
| 5.84%, 01/10/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3470 | 3720744 |
| Brooklyn Union Gas Co.(The) |  |  |
| 4.87%, 08/05/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2980 | 3004084 |
| 6.39%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 3778 | 4098469 |
| CenterPoint Energy Resources Corp. |  |  |
| 4.40%, 07/01/32<sup>(a)</sup> | &nbsp;&nbsp; 3995 | 4010077 |
| 5.40%, 03/01/33 | &nbsp;&nbsp; 2192 | 2293294 |
| 5.40%, 07/01/34<sup>(a)</sup> | &nbsp;&nbsp; 2970 | 3099964 |
| Grupo Energia Bogota SA ESP |  |  |
| 5.75%, 10/22/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3300 | 3241425 |
| 7.85%, 11/09/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 950 | 1075151 |
| KeySpan Gas East Corp., 5.99%, 03/06/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3555 | 3798033 |
| National Fuel Gas Co. |  |  |
| 2.95%, 03/01/31 | &nbsp;&nbsp; 3475 | 3225703 |
| 5.95%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3860 | 4112267 |
| NiSource, Inc. |  |  |
| 5.35%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5350 | 5584600 |
| 5.35%, 07/15/35 | &nbsp;&nbsp; 8755 | 9039210 |
| 5.40%, 06/30/33 | &nbsp;&nbsp; 3835 | 4021638 |
| 5.75%, 07/15/56, (5-year CMT + 2.04%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 5400 | 5433394 |
| 6.38%, 03/31/55, (5-year CMT + 2.53%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 3065 | 3201009 |
| Northwest Natural Holding Co., 7.00%, <br> 09/15/55, (5-year CMT + 2.70%)<sup>(c)</sup><br>| &nbsp;&nbsp; 1875 | 1954478 |
| ONE Gas, Inc., 4.25%, 09/01/32 | &nbsp;&nbsp; 1985 | 1985583 |
| Piedmont Natural Gas Co., Inc. |  |  |
| 4.10%, 09/18/34 | &nbsp;&nbsp; 2141 | 2050489 |
| 5.10%, 02/15/35 | &nbsp;&nbsp; 2815 | 2883744 |
| 5.40%, 06/15/33 | &nbsp;&nbsp; 2436 | 2560914 |
| Snam SpA, 5.75%, 05/28/35<sup>(b)</sup> | &nbsp;&nbsp; 4985 | 5268125 |
| Southern California Gas Co. |  |  |
| 5.05%, 09/01/34 | &nbsp;&nbsp; 4990 | 5123802 |
| 5.20%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3621 | 3768096 |
| 5.45%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4585 | 4835187 |
| Series KK, 5.75%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 300 | 319411 |
| Southern Co. Gas Capital Corp. |  |  |
| 4.95%, 09/15/34 | &nbsp;&nbsp; 3800 | 3853979 |
| 5.15%, 09/15/32 | &nbsp;&nbsp; 3085 | 3199821 |
| 5.75%, 09/15/33 | &nbsp;&nbsp; 3933 | 4199435 |
| 6.00%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 1685 | 1813388 |
| Series B, 5.10%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3610 | 3676663 |
| Southwest Gas Corp., 4.05%, 03/15/32 | &nbsp;&nbsp; 4780 | 4676663 |
| Spire Missouri, Inc. |  |  |
| 4.80%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3070 | 3139445 |
| Series 2034, 5.15%, 08/15/34 | &nbsp;&nbsp; 2205 | 2283016 |
| Spire, Inc., 4.60%, 09/01/31 | &nbsp;&nbsp; 1355 | 1365920 |
|  |  | 145886286 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Kennametal, Inc., 2.80%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; $1967 | $1830428 |
| Stanley Black & Decker, Inc., 3.00%, <br> 05/15/32<sup>(a)</sup><br>| &nbsp;&nbsp; 3544 | 3257491 |
|  |  | 5087919 |
| **Health Care - Products — 1.1%** | **Health Care - Products — 1.1%** | **Health Care - Products — 1.1%** |
| 180 Medical, Inc., 5.30%, 10/08/35<sup>(b)</sup> | &nbsp;&nbsp; 2660 | 2672755 |
| Agilent Technologies, Inc. |  |  |
| 2.30%, 03/12/31 | &nbsp;&nbsp; 5696 | 5201587 |
| 4.75%, 09/09/34<sup>(a)</sup> | &nbsp;&nbsp; 4280 | 4322028 |
| Alcon Finance Corp., 5.38%, 12/06/32<sup>(b)</sup> | &nbsp;&nbsp; 4628 | 4865687 |
| Baxter International, Inc. |  |  |
| 1.73%, 04/01/31 | &nbsp;&nbsp; 4469 | 3852056 |
| 2.54%, 02/01/32 | &nbsp;&nbsp; 11585 | 10134536 |
| 5.65%, 12/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6105 | 6208041 |
| Boston Scientific Corp., 6.25%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2115 | 2398787 |
| GE HealthCare Technologies, Inc. |  |  |
| 4.95%, 12/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2390 | 2407375 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 7110 | 7446126 |
| 5.91%, 11/22/32<sup>(a)</sup> | &nbsp;&nbsp; 11933 | 12927097 |
| Medtronic Global Holdings SCA, 4.50%, <br> 03/30/33<sup>(a)</sup><br>| &nbsp;&nbsp; 6875 | 6945952 |
| Medtronic, Inc., 4.38%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 13085 | 12955225 |
| Revvity, Inc. |  |  |
| 2.25%, 09/15/31 | &nbsp;&nbsp; 3789 | 3371418 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 2738 | 2508070 |
| Smith & Nephew PLC, 5.40%, 03/20/34 | &nbsp;&nbsp; 4140 | 4310691 |
| Solventum Corp. |  |  |
| 5.45%, 03/13/31<sup>(a)</sup> | &nbsp;&nbsp; 6625 | 6949368 |
| 5.60%, 03/23/34<sup>(a)</sup> | &nbsp;&nbsp; 11755 | 12290387 |
| STERIS Irish FinCo UnLtd Co., 2.70%, <br> 03/15/31<br>| &nbsp;&nbsp; 4392 | 4083459 |
| Stryker Corp. |  |  |
| 4.63%, 09/11/34 | &nbsp;&nbsp; 5210 | 5229025 |
| 5.20%, 02/10/35<sup>(a)</sup> | &nbsp;&nbsp; 6765 | 7024098 |
| Thermo Fisher Scientific, Inc. |  |  |
| 2.00%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp; 10111 | 9096226 |
| 4.20%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 2575 | 2594247 |
| 4.47%, 10/07/32<sup>(a)</sup> | &nbsp;&nbsp; 5100 | 5157655 |
| 4.55%, 06/15/33 | &nbsp;&nbsp; 5220 | 5279298 |
| 4.79%, 10/07/35<sup>(a)</sup> | &nbsp;&nbsp; 4515 | 4555643 |
| 4.90%, 02/12/36 | &nbsp;&nbsp; 4750 | 4832358 |
| 4.95%, 11/21/32<sup>(a)</sup> | &nbsp;&nbsp; 4263 | 4429421 |
| 5.09%, 08/10/33 | &nbsp;&nbsp; 6685 | 6977673 |
| 5.20%, 01/31/34<sup>(a)</sup> | &nbsp;&nbsp; 3055 | 3210892 |
| VSP Optical Group, Inc., 5.45%, 12/01/35<sup>(b)</sup> | &nbsp;&nbsp; 3270 | 3326397 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 2.60%, 11/24/31<sup>(a)</sup> | &nbsp;&nbsp; 6418 | 5870582 |
| 4.25%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 880 | 836523 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 4850 | 4988190 |
| 5.50%, 02/19/35<sup>(a)</sup> | &nbsp;&nbsp; 4145 | 4337915 |
|  |  | 193596788 |
| **Health Care - Services — 2.7%** | **Health Care - Services — 2.7%** | **Health Care - Services — 2.7%** |
| Adventist Health System/West |  |  |
| 5.43%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 2045 | 2125763 |
| 5.76%, 12/01/34<sup>(a)</sup> | &nbsp;&nbsp; 2600 | 2736159 |
| Ascension Health, Series 2025, 4.92%, <br> 11/15/35<br>| &nbsp;&nbsp; 3010 | 3066801 |
| Cedars-Sinai Health System, Series 2021, <br> 2.29%, 08/15/31<br>| &nbsp;&nbsp; 2285 | 2090919 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Centene Corp. |  |  |
| 2.50%, 03/01/31 | &nbsp;&nbsp; $14133 | $12265786 |
| 2.63%, 08/01/31 | &nbsp;&nbsp; 8298 | 7188337 |
| Cigna Group(The) |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 9839 | 9017947 |
| 4.88%, 09/15/32 | &nbsp;&nbsp; 8155 | 8341911 |
| 5.13%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4995 | 5198719 |
| 5.25%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 8485 | 8802275 |
| 5.25%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 6235 | 6403908 |
| 5.40%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5888 | 6196073 |
| CommonSpirit Health |  |  |
| 4.83%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2003273 |
| 4.98%, 09/01/35 | &nbsp;&nbsp; 2000 | 2010418 |
| 5.32%, 12/01/34 | &nbsp;&nbsp; 4500 | 4647143 |
| Elevance Health, Inc. |  |  |
| 2.55%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6054 | 5581185 |
| 4.10%, 05/15/32 | &nbsp;&nbsp; 4151 | 4076288 |
| 4.60%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5310 | 5359020 |
| 4.75%, 02/15/33 | &nbsp;&nbsp; 7825 | 7919046 |
| 4.95%, 11/01/31 | &nbsp;&nbsp; 6925 | 7123962 |
| 5.00%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 6090 | 6123970 |
| 5.20%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8675 | 8919613 |
| 5.38%, 06/15/34 | &nbsp;&nbsp; 6470 | 6734988 |
| 5.50%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4632 | 4887874 |
| 5.85%, 01/15/36 | &nbsp;&nbsp; 1530 | 1627988 |
| 5.95%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2565 | 2769891 |
| Fresenius Medical Care U.S. Finance III, Inc., <br> 3.00%, 12/01/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3130 | 2852530 |
| HCA, Inc. |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 7888 | 7123941 |
| 3.63%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 14773 | 14076766 |
| 4.60%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8940 | 8954543 |
| 4.90%, 11/15/35 | &nbsp;&nbsp; 5440 | 5417339 |
| 5.45%, 04/01/31 | &nbsp;&nbsp; 11640 | 12189304 |
| 5.45%, 09/15/34 | &nbsp;&nbsp; 8782 | 9118457 |
| 5.50%, 03/01/32 | &nbsp;&nbsp; 8400 | 8812253 |
| 5.50%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 9519 | 9976901 |
| 5.60%, 04/01/34 | &nbsp;&nbsp; 10378 | 10897790 |
| 5.75%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 10729 | 11357424 |
| 7.50%, 11/06/33 | &nbsp;&nbsp; 1650 | 1918849 |
| Health Care Service Corp. A Mutual Legal <br> Reserve Co., 5.45%, 06/15/34<sup>(b)</sup><br>| &nbsp;&nbsp; 5125 | 5257693 |
| Highmark, Inc., 2.55%, 05/10/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3144 | 2827864 |
| Horizon Mutual Holdings, Inc., 6.20%, <br> 11/15/34<sup>(b)</sup><br>| &nbsp;&nbsp; 4265 | 4244714 |
| Humana, Inc. |  |  |
| 2.15%, 02/03/32<sup>(a)</sup> | &nbsp;&nbsp; 5616 | 4901649 |
| 5.38%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8410 | 8667138 |
| 5.55%, 05/01/35 | &nbsp;&nbsp; 5625 | 5723908 |
| 5.88%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 6026 | 6308281 |
| 5.95%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5590 | 5862931 |
| ICON Investments Six DAC, 6.00%, 05/08/34 | &nbsp;&nbsp; 3265 | 3350391 |
| Laboratory Corp. of America Holdings |  |  |
| 2.70%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 3665 | 3392417 |
| 4.55%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 3905 | 3937744 |
| 4.80%, 10/01/34 | &nbsp;&nbsp; 5860 | 5877780 |
| OhioHealth Corp., 2.30%, 11/15/31 | &nbsp;&nbsp; 2185 | 1994893 |
| PeaceHealth Obligated Group, 4.86%, <br> 11/15/32<br>| &nbsp;&nbsp; 745 | 761150 |
| Piedmont Healthcare, Inc., 2.04%, 01/01/32 | &nbsp;&nbsp; 2365 | 2102400 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Providence St. Joseph Health Obligated Group |  |  |
| 5.37%, 10/01/32 | &nbsp;&nbsp; $2710 | $2838994 |
| 5.40%, 10/01/33 | &nbsp;&nbsp; 3523 | 3685117 |
| Quest Diagnostics, Inc. |  |  |
| 2.80%, 06/30/31<sup>(a)</sup> | &nbsp;&nbsp; 4708 | 4393107 |
| 5.00%, 12/15/34 | &nbsp;&nbsp; 5955 | 6099894 |
| 6.40%, 11/30/33 | &nbsp;&nbsp; 5078 | 5677357 |
| Roche Holdings, Inc. |  |  |
| 2.08%, 12/13/31<sup>(b)</sup> | &nbsp;&nbsp; 13959 | 12522339 |
| 4.37%, 12/02/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2725 | 2755646 |
| 4.59%, 09/09/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 6940 | 7013997 |
| 4.67%, 12/02/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 5665 | 5711071 |
| 4.91%, 03/08/31<sup>(b)</sup> | &nbsp;&nbsp; 5105 | 5312430 |
| 4.99%, 03/08/34<sup>(b)</sup> | &nbsp;&nbsp; 8540 | 8880528 |
| 5.59%, 11/13/33<sup>(b)</sup> | &nbsp;&nbsp; 10795 | 11654986 |
| Sutter Health |  |  |
| 5.16%, 08/15/33 | &nbsp;&nbsp; 150 | 156232 |
| Series 2025, 5.21%, 08/15/32 | &nbsp;&nbsp; 1725 | 1810326 |
| Series 2025, 5.54%, 08/15/35 | &nbsp;&nbsp; 4800 | 5097516 |
| UnitedHealth Group, Inc. |  |  |
| 2.30%, 05/15/31 | &nbsp;&nbsp; 9125 | 8332662 |
| 4.20%, 05/15/32 | &nbsp;&nbsp; 11000 | 10963835 |
| 4.50%, 04/15/33 | &nbsp;&nbsp; 10394 | 10381091 |
| 4.63%, 07/15/35 | &nbsp;&nbsp; 7340 | 7295207 |
| 4.90%, 04/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6725 | 6952690 |
| 4.95%, 01/15/32 | &nbsp;&nbsp; 10025 | 10347850 |
| 5.00%, 04/15/34 | &nbsp;&nbsp; 8505 | 8709829 |
| 5.15%, 07/15/34<sup>(a)</sup> | &nbsp;&nbsp; 13970 | 14436105 |
| 5.30%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6882 | 7181228 |
| 5.35%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 14219 | 14928561 |
| Universal Health Services, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 4012 | 3590306 |
| 5.05%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3585 | 3561297 |
| UPMC, 5.04%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1945 | 2001739 |
|  |  | 503418247 |
| **Holding Companies - Diversified — 0.4%** | **Holding Companies - Diversified — 0.4%** | **Holding Companies - Diversified — 0.4%** |
| Apollo Debt Solutions BDC |  |  |
| 6.55%, 03/15/32 | &nbsp;&nbsp; 3945 | 4031423 |
| 6.70%, 07/29/31 | &nbsp;&nbsp; 6815 | 7035950 |
| Ares Capital Corp. |  |  |
| 3.20%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 7119 | 6257464 |
| 5.80%, 03/08/32 | &nbsp;&nbsp; 7995 | 7958717 |
| Ares Strategic Income Fund, 6.20%, <br> 03/21/32<sup>(a)</sup><br>| &nbsp;&nbsp; 6230 | 6258464 |
| Blackstone Private Credit Fund |  |  |
| 6.00%, 01/29/32 | &nbsp;&nbsp; 9295 | 9233719 |
| 6.00%, 11/22/34<sup>(a)</sup> | &nbsp;&nbsp; 6265 | 6061093 |
| Blue Owl Credit Income Corp., 6.65%, <br> 03/15/31<sup>(a)</sup><br>| &nbsp;&nbsp; 4700 | 4724909 |
| HA Sustainable Infrastructure Capital, Inc. |  |  |
| 6.38%, 07/01/34<sup>(a)</sup> | &nbsp;&nbsp; 7570 | 7827937 |
| 6.75%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3645 | 3838196 |
| Hutchison Whampoa International 03/33 Ltd., <br> 7.45%, 11/24/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5318 | 6295421 |
| Inversiones La Construccion SA, 4.75%, <br> 02/07/32<sup>(b)</sup><br>| &nbsp;&nbsp; 820 | 795236 |
|  |  | 70318529 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| DR Horton, Inc. |  |  |
| 5.00%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5120 | 5247708 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Home Builders (continued)** | **Home Builders (continued)** | **Home Builders (continued)** |
| 5.50%, 10/15/35 | &nbsp;&nbsp; $2340 | $2462793 |
| Meritage Homes Corp., 5.65%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3580 | 3693058 |
| PulteGroup, Inc. |  |  |
| 4.90%, 03/01/36 | &nbsp;&nbsp; 1725 | 1726827 |
| 6.00%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1995 | 2157377 |
| 6.38%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2690 | 2994931 |
| 7.88%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2185 | 2581108 |
| Toll Brothers Finance Corp., 5.60%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3405 | 3603659 |
|  |  | 24467461 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Panasonic Holdings Corp., 5.30%, <br> 07/16/34<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2895 | 3029142 |
| **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** |
| Avery Dennison Corp. |  |  |
| 2.25%, 02/15/32 | &nbsp;&nbsp; 3769 | 3357806 |
| 5.75%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2630 | 2810755 |
| Church & Dwight Co., Inc. |  |  |
| 2.30%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3128 | 2840078 |
| 5.60%, 11/15/32 | &nbsp;&nbsp; 3476 | 3740909 |
| Clorox Co. (The), 4.60%, 05/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4170 | 4235478 |
| Kimberly-Clark Corp. |  |  |
| 2.00%, 11/02/31<sup>(a)</sup> | &nbsp;&nbsp; 4292 | 3889565 |
| 4.50%, 02/16/33<sup>(a)</sup> | &nbsp;&nbsp; 2295 | 2347462 |
| Kimberly-Clark de Mexico SAB de CV, 2.43%, <br> 07/01/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3265 | 3038413 |
| SC Johnson & Son, Inc., 5.75%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 80 | 85222 |
|  |  | 26345688 |
| **Insurance — 4.7%** | **Insurance — 4.7%** | **Insurance — 4.7%** |
| Accident Fund Insurance Co. of America, <br> 8.50%, 08/01/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1365 | 1404793 |
| AIA Group Ltd. |  |  |
| 4.95%, 04/04/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3963 | 4150801 |
| 4.95%, 03/30/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3190 | 3261645 |
| 5.38%, 04/05/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 6955 | 7309433 |
| AIG SunAmerica Global Financing X, 6.90%, <br> 03/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 5520 | 6186717 |
| Allianz SE |  |  |
| 5.60%, 09/03/54, (5-year CMT + 2.77%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 7660 | 7832419 |
| 6.35%, 09/06/53, (5-year CMT + 3.23%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 5420 | 5816079 |
| Allstate Corp.(The) |  |  |
| 5.25%, 03/30/33 | &nbsp;&nbsp; 5237 | 5470179 |
| 5.35%, 06/01/33 | &nbsp;&nbsp; 2490 | 2610636 |
| 5.55%, 05/09/35<sup>(a)</sup> | &nbsp;&nbsp; 4115 | 4371306 |
| American Financial Group, Inc., 5.00%, <br> 09/23/35<br>| &nbsp;&nbsp; 2570 | 2540344 |
| American International Group, Inc. |  |  |
| 3.88%, 01/15/35 | &nbsp;&nbsp; 3645 | 3422452 |
| 5.13%, 03/27/33 | &nbsp;&nbsp; 5857 | 6036618 |
| 5.45%, 05/07/35<sup>(a)</sup> | &nbsp;&nbsp; 4439 | 4629922 |
| American National Group, Inc. |  |  |
| 6.00%, 07/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5225 | 5183415 |
| 6.14%, 06/13/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3515 | 3641924 |
| Americo Life, Inc., 3.45%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 2929 | 2643086 |
| AmFam Holdings, Inc., 2.81%, 03/11/31<sup>(b)</sup> | &nbsp;&nbsp; 3388 | 3009697 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 2.05%, 08/23/31<sup>(a)</sup> | &nbsp;&nbsp; 3436 | 3064816 |
| 2.60%, 12/02/31 | &nbsp;&nbsp; 3898 | 3551307 |
| 5.00%, 09/12/32 | &nbsp;&nbsp; 3617 | 3734944 |
| 5.35%, 02/28/33<sup>(a)</sup> | &nbsp;&nbsp; 5601 | 5861013 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Aon North America, Inc. |  |  |
| 5.30%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; $4275 | $4462151 |
| 5.45%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 12109 | 12633934 |
| Arch Capital Group Ltd., 7.35%, 05/01/34 | &nbsp;&nbsp; 2085 | 2431596 |
| Arthur J Gallagher & Co. |  |  |
| 2.40%, 11/09/31 | &nbsp;&nbsp; 2449 | 2192427 |
| 5.00%, 02/15/32 | &nbsp;&nbsp; 3315 | 3387899 |
| 5.15%, 02/15/35 | &nbsp;&nbsp; 10410 | 10552474 |
| 5.45%, 07/15/34 | &nbsp;&nbsp; 3698 | 3835244 |
| 5.50%, 03/02/33 | &nbsp;&nbsp; 2694 | 2808902 |
| 6.50%, 02/15/34 | &nbsp;&nbsp; 3010 | 3319273 |
| Ascot Group Ltd., 6.35%, 06/15/35, (5-year <br> CMT + 2.38%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 1940 | 2006076 |
| Assurant, Inc. |  |  |
| 2.65%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2880 | 2584551 |
| 5.55%, 02/15/36 | &nbsp;&nbsp; 75 | 76200 |
| 6.75%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2125 | 2352835 |
| Assured Guaranty U.S. Holdings, Inc., 3.15%, <br> 06/15/31<sup>(a)</sup><br>| &nbsp;&nbsp; 3747 | 3531564 |
| Athene Global Funding |  |  |
| 2.65%, 10/04/31<sup>(b)</sup> | &nbsp;&nbsp; 3880 | 3455596 |
| 2.67%, 06/07/31<sup>(b)</sup> | &nbsp;&nbsp; 3609 | 3207619 |
| 5.32%, 11/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4805 | 4876853 |
| 5.53%, 07/11/31<sup>(b)</sup> | &nbsp;&nbsp; 3850 | 3971847 |
| 5.54%, 08/22/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3925 | 3908820 |
| Athene Holding Ltd. |  |  |
| 5.88%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4110 | 4183069 |
| 6.63%, 10/15/54, (5-year CMT + 2.61%)<sup>(c)</sup> | &nbsp;&nbsp; 4305 | 4137486 |
| 6.65%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 2728 | 2900887 |
| 6.88%, 06/28/55, (5-year CMT + 2.58%)<sup>(c)</sup> | &nbsp;&nbsp; 4325 | 4165600 |
| Berkshire Hathaway Finance Corp., 2.88%, <br> 03/15/32<sup>(a)</sup><br>| &nbsp;&nbsp; 7098 | 6693102 |
| Brown & Brown, Inc. |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 4893 | 4396103 |
| 4.20%, 03/17/32 | &nbsp;&nbsp; 4385 | 4227381 |
| 5.25%, 06/23/32 | &nbsp;&nbsp; 3055 | 3112501 |
| 5.55%, 06/23/35<sup>(a)</sup> | &nbsp;&nbsp; 6595 | 6728597 |
| 5.65%, 06/11/34 | &nbsp;&nbsp; 5175 | 5326467 |
| Chubb INA Holdings LLC |  |  |
| 4.90%, 08/15/35 | &nbsp;&nbsp; 9020 | 9141893 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 11485 | 11821664 |
| Cincinnati Financial Corp., 6.13%, 11/01/34 | &nbsp;&nbsp; 2345 | 2533526 |
| CNA Financial Corp. |  |  |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 3735 | 3790104 |
| 5.20%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3700 | 3722135 |
| 5.50%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3725 | 3886891 |
| CNO Financial Group, Inc., 6.45%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5125 | 5343204 |
| Corebridge Financial, Inc. |  |  |
| 3.90%, 04/05/32<sup>(a)</sup> | &nbsp;&nbsp; 11475 | 10897483 |
| 5.75%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5340 | 5523738 |
| 6.05%, 09/15/33 | &nbsp;&nbsp; 3350 | 3574257 |
| 6.38%, 09/15/54, (5-year CMT + 2.65%)<sup>(c)</sup> | &nbsp;&nbsp; 5060 | 5061508 |
| Corebridge Global Funding, 4.90%, <br> 08/21/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2320 | 2337190 |
| Dai-Ichi Life Insurance Co. Ltd. (The), 6.20%, <br> (5-year CMT + 2.52%)<sup>(b)(c)(d)</sup><br>| &nbsp;&nbsp; 13295 | 13857578 |
| DaVinciRe Holdings Ltd., 5.95%, 04/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1850 | 1894228 |
| Doctors Co. An Interinsurance Exchange (The), <br> 4.50%, 01/18/32<sup>(b)</sup><br>| &nbsp;&nbsp; 2625 | 2396051 |
| Empower Finance 2020 LP, 1.78%, <br> 03/17/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2592 | 2310709 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Enstar Group Ltd. |  |  |
| 3.10%, 09/01/31 | &nbsp;&nbsp; $4463 | $4018238 |
| 7.50%, 04/01/45, (5-year CMT + <br> 3.19%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 1815 | 1890725 |
| Equitable Holdings, Inc. |  |  |
| 5.59%, 01/11/33<sup>(a)</sup> | &nbsp;&nbsp; 4345 | 4526017 |
| 6.70%, 03/28/55, (5-year CMT + 2.39%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 2950 | 3075434 |
| F&G Annuities & Life, Inc., 6.25%, 10/04/34<sup>(a)</sup> | &nbsp;&nbsp; 3555 | 3383489 |
| Fairfax Financial Holdings Ltd. |  |  |
| 3.38%, 03/03/31 | &nbsp;&nbsp; 3885 | 3703171 |
| 5.63%, 08/16/32 | &nbsp;&nbsp; 4636 | 4856907 |
| 5.75%, 05/20/35 | &nbsp;&nbsp; 2710 | 2826370 |
| 6.00%, 12/07/33<sup>(a)</sup> | &nbsp;&nbsp; 4595 | 4911659 |
| Farmers Exchange Capital II, 6.15%, 11/01/53, <br> (3-mo. CME Term SOFR + 4.01%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 1600 | 1578304 |
| Farmers Exchange Capital III, 5.45%, 10/15/54, <br> (3-mo. CME Term SOFR + 3.72%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 2530 | 2383256 |
| Fidelity National Financial, Inc., 2.45%, <br> 03/15/31<sup>(a)</sup><br>| &nbsp;&nbsp; 4233 | 3791276 |
| First American Financial Corp. |  |  |
| 2.40%, 08/15/31 | &nbsp;&nbsp; 5290 | 4660195 |
| 5.45%, 09/30/34 | &nbsp;&nbsp; 3560 | 3582784 |
| Five Corners Funding Trust III, 5.79%, <br> 02/15/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5430 | 5750131 |
| FWD Group Holdings Ltd., 5.84%, 09/22/35<sup>(b)</sup> | &nbsp;&nbsp; 1610 | 1654910 |
| GA Global Funding Trust |  |  |
| 2.90%, 01/06/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3865 | 3424918 |
| 5.20%, 12/09/31<sup>(b)</sup> | &nbsp;&nbsp; 4470 | 4511732 |
| 5.50%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 2565 | 2596380 |
| 5.90%, 01/13/35<sup>(b)</sup> | &nbsp;&nbsp; 3585 | 3634569 |
| Global Atlantic Fin Co. |  |  |
| 3.13%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 4683 | 4220512 |
| 7.95%, 06/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 4662 | 5101436 |
| Globe Life, Inc. |  |  |
| 4.80%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3200 | 3233430 |
| 5.85%, 09/15/34 | &nbsp;&nbsp; 3170 | 3324785 |
| Guardian Life Global Funding, 4.67%, <br> 09/05/32<sup>(b)</sup><br>| &nbsp;&nbsp; 235 | 237516 |
| Hanover Insurance Group, Inc. (The), 5.50%, <br> 09/01/35<br>| &nbsp;&nbsp; 2965 | 3027716 |
| Intact Financial Corp., 5.46%, 09/22/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3665 | 3853813 |
| Jackson Financial, Inc. |  |  |
| 3.13%, 11/23/31<sup>(a)</sup> | &nbsp;&nbsp; 3970 | 3616275 |
| 5.67%, 06/08/32<sup>(a)</sup> | &nbsp;&nbsp; 2540 | 2597493 |
| Kemper Corp., 3.80%, 02/23/32<sup>(a)</sup> | &nbsp;&nbsp; 3035 | 2796480 |
| Liberty Mutual Group, Inc., 6.50%, <br> 03/15/35<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1530 | 1661221 |
| Lincoln National Corp. |  |  |
| 3.40%, 03/01/32 | &nbsp;&nbsp; 1630 | 1497856 |
| 5.35%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2670 | 2606749 |
| 5.85%, 03/15/34 | &nbsp;&nbsp; 2705 | 2790172 |
| Loews Corp. |  |  |
| 4.94%, 04/01/36 | &nbsp;&nbsp; 2475 | 2468991 |
| 6.00%, 02/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2000 | 2180591 |
| Manulife Financial Corp. |  |  |
| 3.70%, 03/16/32 | &nbsp;&nbsp; 5530 | 5353971 |
| 4.99%, 12/11/35 | &nbsp;&nbsp; 5310 | 5328108 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.38%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2889 | 2605631 |
| 4.85%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 7795 | 8019961 |
| 4.95%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 3300 | 3329338 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.00%, 03/15/35 | &nbsp;&nbsp; $13625 | $13871174 |
| 5.15%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3797 | 3918364 |
| 5.40%, 09/15/33 | &nbsp;&nbsp; 4520 | 4758743 |
| 5.75%, 11/01/32 | &nbsp;&nbsp; 3877 | 4149970 |
| 5.88%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 2135 | 2309911 |
| MassMutual Global Funding II |  |  |
| 2.15%, 03/09/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2885 | 2610534 |
| 4.35%, 09/17/31<sup>(b)</sup> | &nbsp;&nbsp; 5064 | 5062861 |
| 5.05%, 08/26/35<sup>(b)</sup> | &nbsp;&nbsp; 4075 | 4131320 |
| Meiji Yasuda Life Insurance Co. |  |  |
| 5.80%, 09/11/54, (5-year CMT + 3.03%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 11690 | 11918446 |
| 6.10%, 06/11/55, (5-year CMT + <br> 2.91%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 14600 | 15125761 |
| MetLife, Inc. |  |  |
| 5.30%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5420 | 5638629 |
| 5.38%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 7130 | 7516311 |
| 5.70%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6510 | 6956519 |
| 6.38%, 06/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5260 | 5867515 |
| 6.50%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4364 | 4905350 |
| Series G, 6.35%, 03/15/55, (5-year CMT + <br> 2.08%)<sup>(c)</sup><br>| &nbsp;&nbsp; 6665 | 6922629 |
| Metropolitan Life Global Funding I |  |  |
| 2.40%, 01/11/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 5030 | 4523361 |
| 5.05%, 01/08/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3525 | 3643380 |
| 5.15%, 03/28/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 6653 | 6917413 |
| Muenchener Rueckversicherungs-Gesellschaft <br> AG in Muenchen, 5.88%, 05/23/42, (5-year <br> CMT + 3.98%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 8525 | 8955299 |
| Nationwide Mutual Insurance Co. |  |  |
| 7.88%, 04/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 650 | 738659 |
| 8.25%, 12/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 2620 | 3065407 |
| New York Life Global Funding |  |  |
| 1.85%, 08/01/31<sup>(b)</sup> | &nbsp;&nbsp; 4715 | 4190407 |
| 4.55%, 01/28/33<sup>(b)</sup> | &nbsp;&nbsp; 6830 | 6886571 |
| 5.00%, 01/09/34<sup>(b)</sup> | &nbsp;&nbsp; 7560 | 7784841 |
| 5.35%, 01/23/35<sup>(b)</sup> | &nbsp;&nbsp; 5115 | 5390480 |
| New York Life Insurance Co., 5.88%, <br> 05/15/33<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6585 | 7049516 |
| Nippon Life Insurance Co. |  |  |
| 2.90%, 09/16/51, (5-year CMT + 2.60%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6535 | 5885901 |
| 5.95%, 04/16/54, (5-year CMT + <br> 2.59%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 8330 | 8680604 |
| 6.25%, 09/13/53, (5-year CMT + 2.95%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 6665 | 7087647 |
| 6.50%, 04/30/55, (5-year CMT + <br> 3.19%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 10675 | 11472721 |
| Northwestern Mutual Global Funding, 5.16%, <br> 05/28/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 4375 | 4564506 |
| Old Republic International Corp., 5.75%, <br> 03/28/34<br>| &nbsp;&nbsp; 2825 | 2960246 |
| Pacific Life Global Funding II |  |  |
| 2.45%, 01/11/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2805 | 2541559 |
| 4.88%, 07/17/32<sup>(b)</sup> | &nbsp;&nbsp; 3345 | 3424353 |
| Pacific LifeCorp, 6.60%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 3620 | 4038864 |
| Peachtree Corners Funding Trust II, 6.01%, <br> 05/15/35<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 4125 | 4340594 |
| Pricoa Global Funding I |  |  |
| 4.65%, 08/27/31<sup>(b)</sup> | &nbsp;&nbsp; 3185 | 3242623 |
| 4.65%, 01/12/33<sup>(b)</sup> | &nbsp;&nbsp; 2685 | 2687425 |
| 4.75%, 08/26/32<sup>(b)</sup> | &nbsp;&nbsp; 3670 | 3707708 |
| 5.35%, 05/28/35<sup>(b)</sup> | &nbsp;&nbsp; 4295 | 4469589 |
| Primerica, Inc., 2.80%, 11/19/31 | &nbsp;&nbsp; 4593 | 4206759 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Principal Financial Group, Inc., 5.38%, <br> 03/15/33<br>| &nbsp;&nbsp; $2795 | $2919210 |
| Progressive Corp.(The) |  |  |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 4263 | 3956228 |
| 4.95%, 06/15/33 | &nbsp;&nbsp; 3548 | 3661374 |
| 6.25%, 12/01/32 | &nbsp;&nbsp; 2760 | 3067007 |
| Protective Life Corp., 5.35%, 12/15/35<sup>(b)</sup> | &nbsp;&nbsp; 3405 | 3455072 |
| Protective Life Global Funding, 5.43%, <br> 01/14/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3780 | 3970846 |
| Prudential Financial, Inc. |  |  |
| 5.13%, 03/01/52, (5-year CMT + 3.16%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7595 | 7463621 |
| 5.20%, 03/14/35 | &nbsp;&nbsp; 6077 | 6226500 |
| 5.75%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3325 | 3616664 |
| 6.00%, 09/01/52, (5-year CMT + 3.23%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7528 | 7778780 |
| 6.50%, 03/15/54, (5-year CMT + 2.40%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 6315 | 6654911 |
| 6.75%, 03/01/53, (5-year CMT + 2.85%)<sup>(c)</sup> | &nbsp;&nbsp; 4025 | 4316470 |
| Prudential Funding Asia PLC, 3.63%, <br> 03/24/32<sup>(a)</sup><br>| &nbsp;&nbsp; 2867 | 2773639 |
| Reinsurance Group of America, Inc. |  |  |
| 5.75%, 09/15/34 | &nbsp;&nbsp; 5945 | 6228737 |
| 6.00%, 09/15/33 | &nbsp;&nbsp; 3550 | 3795600 |
| 6.65%, 09/15/55, (5-year CMT + 2.39%)<sup>(c)</sup> | &nbsp;&nbsp; 2465 | 2551832 |
| RenaissanceRe Holdings Ltd. |  |  |
| 5.75%, 06/05/33 | &nbsp;&nbsp; 5506 | 5803701 |
| 5.80%, 04/01/35 | &nbsp;&nbsp; 3710 | 3887548 |
| RGA Global Funding |  |  |
| 5.00%, 08/25/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 4490 | 4569703 |
| 5.05%, 12/06/31<sup>(b)</sup> | &nbsp;&nbsp; 4615 | 4733623 |
| RLI Corp., 5.38%, 06/01/36 | &nbsp;&nbsp; 1975 | 1971745 |
| Sammons Financial Group, Inc. |  |  |
| 3.35%, 04/16/31<sup>(b)</sup> | &nbsp;&nbsp; 6017 | 5635620 |
| 4.75%, 04/08/32<sup>(b)</sup> | &nbsp;&nbsp; 3750 | 3662473 |
| 6.88%, 04/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5270 | 5729778 |
| SBL Holdings, Inc. |  |  |
| 5.00%, 02/18/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3780 | 3351476 |
| 7.20%, 10/30/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5265 | 4820673 |
| Selective Insurance Group, Inc., 5.90%, <br> 04/15/35<br>| &nbsp;&nbsp; 2970 | 3134328 |
| Sompo International Holdings Ltd., 7.00%, <br> 07/15/34<br>| &nbsp;&nbsp; 1805 | 2021535 |
| Stewart Information Services Corp., 3.60%, <br> 11/15/31<br>| &nbsp;&nbsp; 3295 | 2969550 |
| Sumitomo Life Insurance Co. |  |  |
| 3.38%, 04/15/81, (5-year CMT + <br> 2.75%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 4425 | 4141638 |
| 5.88%, 09/10/55, (5-year CMT + 2.65%)<sup>(b)(c)</sup> | &nbsp;&nbsp; 4605 | 4668254 |
| 5.88%, (5-year CMT + 2.84%)<sup>(b)(c)(d)</sup> | &nbsp;&nbsp; 6740 | 6852255 |
| Swiss RE Subordinated Finance PLC, 5.70%, <br> 04/05/35, (3-mo. CME Term SOFR + <br> 1.81%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 4825 | 5066358 |
| Symetra Financial Corp., 5.87%, 04/03/32<sup>(b)</sup> | &nbsp;&nbsp; 125 | 133615 |
| Travelers Companies, Inc. (The), 5.05%, <br> 07/24/35<br>| &nbsp;&nbsp; 3815 | 3905342 |
| Travelers Property Casualty Corp., 6.38%, <br> 03/15/33<sup>(a)</sup><br>| &nbsp;&nbsp; 3448 | 3907916 |
| Trustage Financial Group, Inc., 4.63%, <br> 04/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 2460 | 2414694 |
| Unum Group, 5.25%, 12/15/35 | &nbsp;&nbsp; 1445 | 1437322 |
| Western & Southern Financial Group, Inc., <br> 5.75%, 07/15/33<sup>(b)</sup><br>| &nbsp;&nbsp; 2855 | 3018823 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Western-Southern Global Funding, 4.70%, <br> 12/10/32<sup>(b)</sup><br>| &nbsp;&nbsp; $2215 | $2223588 |
| Willis North America, Inc. |  |  |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 2250 | 2249068 |
| 5.35%, 05/15/33 | &nbsp;&nbsp; 5850 | 6025518 |
| Wynnton Funding Trust, 5.25%, 08/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 7180 | 7267610 |
|  |  | 862065984 |
| **Internet — 2.3%** | **Internet — 2.3%** | **Internet — 2.3%** |
| Alibaba Group Holding Ltd. |  |  |
| 4.50%, 11/28/34 | &nbsp;&nbsp; 4170 | 4174527 |
| 5.25%, 05/26/35<sup>(a)</sup> | &nbsp;&nbsp; 7900 | 8295513 |
| Alphabet, Inc. |  |  |
| 4.38%, 11/15/32 | &nbsp;&nbsp; 4555 | 4617182 |
| 4.40%, 02/15/33 | &nbsp;&nbsp; 20250 | 20428503 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 8440 | 8495376 |
| 4.70%, 11/15/35 | &nbsp;&nbsp; 25305 | 25622775 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 28550 | 29018942 |
| Amazon.com, Inc. |  |  |
| 2.10%, 05/12/31 | &nbsp;&nbsp; 19682 | 17924810 |
| 3.60%, 04/13/32 | &nbsp;&nbsp; 17834 | 17368993 |
| 4.35%, 03/20/33 | &nbsp;&nbsp; 10040 | 10124309 |
| 4.65%, 11/20/35<sup>(a)</sup> | &nbsp;&nbsp; 22530 | 22658893 |
| 4.70%, 12/01/32<sup>(a)</sup> | &nbsp;&nbsp; 14164 | 14636565 |
| 4.80%, 12/05/34<sup>(a)</sup> | &nbsp;&nbsp; 9570 | 9926669 |
| AppLovin Corp. |  |  |
| 5.38%, 12/01/31 | &nbsp;&nbsp; 5965 | 6147986 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 7140 | 7279110 |
| Baidu, Inc., 2.38%, 08/23/31<sup>(a)</sup> | &nbsp;&nbsp; 2560 | 2356917 |
| eBay, Inc. |  |  |
| 2.60%, 05/10/31<sup>(a)</sup> | &nbsp;&nbsp; 4917 | 4534408 |
| 5.13%, 11/06/35<sup>(a)</sup> | &nbsp;&nbsp; 3035 | 3066877 |
| 6.30%, 11/22/32 | &nbsp;&nbsp; 3110 | 3417516 |
| Expedia Group, Inc. |  |  |
| 2.95%, 03/15/31 | &nbsp;&nbsp; 3366 | 3127776 |
| 5.40%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6915 | 6987298 |
| Meituan |  |  |
| 4.75%, 11/05/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 3695 | 3699404 |
| 5.13%, 11/05/35<sup>(b)</sup> | &nbsp;&nbsp; 5710 | 5685658 |
| MercadoLibre, Inc., 4.90%, 01/15/33 | &nbsp;&nbsp; 2030 | 2018328 |
| Meta Platforms, Inc. |  |  |
| 3.85%, 08/15/32 | &nbsp;&nbsp; 21473 | 21026041 |
| 4.55%, 08/15/31 | &nbsp;&nbsp; 6710 | 6872350 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 23245 | 23634885 |
| 4.75%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 17951 | 18228851 |
| 4.88%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 43875 | 44311874 |
| 4.95%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 13894 | 14378311 |
| Netflix, Inc., 4.90%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6585 | 6792047 |
| Prosus NV |  |  |
| 3.06%, 07/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 12060 | 11122238 |
| 4.19%, 01/19/32<sup>(b)</sup> | &nbsp;&nbsp; 6340 | 6156647 |
| Tencent Holdings Ltd., 2.88%, 04/22/31<sup>(b)</sup> | &nbsp;&nbsp; 3330 | 3181306 |
| Uber Technologies, Inc. |  |  |
| 4.80%, 09/15/34 | &nbsp;&nbsp; 10495 | 10525425 |
| 4.80%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8235 | 8197374 |
| VeriSign, Inc. |  |  |
| 2.70%, 06/15/31 | &nbsp;&nbsp; 5265 | 4791187 |
| 5.25%, 06/01/32 | &nbsp;&nbsp; 2105 | 2154559 |
|  |  | 422987430 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Iron & Steel — 0.3%** | **Iron & Steel — 0.3%** | **Iron & Steel — 0.3%** |
| ArcelorMittal SA |  |  |
| 6.00%, 06/17/34<sup>(a)</sup> | &nbsp;&nbsp; $3750 | $4072802 |
| 6.80%, 11/29/32<sup>(a)</sup> | &nbsp;&nbsp; 7223 | 8197648 |
| Gerdau Trade, Inc., 5.75%, 06/09/35 | &nbsp;&nbsp; 4365 | 4548766 |
| Nucor Corp. |  |  |
| 3.13%, 04/01/32 | &nbsp;&nbsp; 4827 | 4542405 |
| 5.10%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 3745 | 3873113 |
| POSCO |  |  |
| 5.00%, 01/16/36<sup>(b)</sup> | &nbsp;&nbsp; 250 | 252878 |
| 5.88%, 01/17/33<sup>(b)</sup> | &nbsp;&nbsp; 525 | 567019 |
| POSCO Holdings, Inc., 5.75%, 05/07/35<sup>(b)</sup> | &nbsp;&nbsp; 1050 | 1120434 |
| Steel Dynamics, Inc. |  |  |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 5240 | 5384935 |
| 5.38%, 08/15/34 | &nbsp;&nbsp; 4960 | 5154863 |
| Vale Overseas Ltd. |  |  |
| 6.13%, 06/12/33 | &nbsp;&nbsp; 9615 | 10348144 |
| 8.25%, 01/17/34 | &nbsp;&nbsp; 1730 | 2085723 |
|  |  | 50148730 |
| **Leisure Time — 0.3%** | **Leisure Time — 0.3%** | **Leisure Time — 0.3%** |
| Brunswick Corp. |  |  |
| 2.40%, 08/18/31 | &nbsp;&nbsp; 3890 | 3456405 |
| 4.40%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3215 | 3122895 |
| Polaris, Inc., 5.60%, 03/01/31 | &nbsp;&nbsp; 150 | 152737 |
| Royal Caribbean Cruises Ltd. |  |  |
| 4.75%, 05/15/33 | &nbsp;&nbsp; 4975 | 5009427 |
| 5.38%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 9115 | 9309816 |
| 5.63%, 09/30/31<sup>(b)</sup> | &nbsp;&nbsp; 8655 | 8921545 |
| 6.00%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 12500 | 12949253 |
| 6.25%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 7600 | 7925635 |
|  |  | 50847713 |
| **Lodging — 0.4%** | **Lodging — 0.4%** | **Lodging — 0.4%** |
| Choice Hotels International, Inc., 5.85%, <br> 08/01/34<sup>(a)</sup><br>| &nbsp;&nbsp; 4340 | 4502015 |
| Hyatt Hotels Corp. |  |  |
| 5.38%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3385 | 3513295 |
| 5.40%, 12/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2800 | 2864236 |
| 5.50%, 06/30/34<sup>(a)</sup> | &nbsp;&nbsp; 2220 | 2314923 |
| 5.75%, 03/30/32<sup>(a)</sup> | &nbsp;&nbsp; 3790 | 4003151 |
| Las Vegas Sands Corp., 6.20%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3460 | 3653615 |
| Marriott International, Inc./MD |  |  |
| 4.50%, 10/15/31 | &nbsp;&nbsp; 4425 | 4471293 |
| 4.50%, 05/01/33 | &nbsp;&nbsp; 2490 | 2481808 |
| 4.50%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 2025 | 2002313 |
| 5.10%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3600 | 3746587 |
| 5.25%, 10/15/35 | &nbsp;&nbsp; 5015 | 5139060 |
| 5.30%, 05/15/34 | &nbsp;&nbsp; 7020 | 7299289 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 6890 | 7157529 |
| Series GG, 3.50%, 10/15/32 | &nbsp;&nbsp; 7230 | 6828829 |
| Series HH, 2.85%, 04/15/31 | &nbsp;&nbsp; 7053 | 6603763 |
| Series II, 2.75%, 10/15/33 | &nbsp;&nbsp; 4986 | 4418627 |
| Sands China Ltd., 3.25%, 08/08/31<sup>(a)</sup> | &nbsp;&nbsp; 4015 | 3739196 |
|  |  | 74739529 |
| **Machinery — 0.8%** | **Machinery — 0.8%** | **Machinery — 0.8%** |
| AGCO Corp., 5.80%, 03/21/34<sup>(a)</sup> | &nbsp;&nbsp; 4980 | 5262738 |
| Caterpillar, Inc. |  |  |
| 5.20%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 11880 | 12445569 |
| 5.30%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1830 | 1957974 |
| Deere & Co., 5.45%, 01/16/35<sup>(a)</sup> | &nbsp;&nbsp; 8110 | 8658592 |
| Dover Corp., 5.38%, 10/15/35 | &nbsp;&nbsp; 1410 | 1504910 |
| Flowserve Corp., 2.80%, 01/15/32 | &nbsp;&nbsp; 3579 | 3252421 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| GE Vernova, Inc., 4.88%, 02/04/36<sup>(a)</sup> | &nbsp;&nbsp; $4565 | $4622762 |
| IDEX Corp., 2.63%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3323 | 3055301 |
| Ingersoll Rand, Inc. |  |  |
| 5.31%, 06/15/31 | &nbsp;&nbsp; 3460 | 3638657 |
| 5.45%, 06/15/34 | &nbsp;&nbsp; 5713 | 6000090 |
| 5.70%, 08/14/33 | &nbsp;&nbsp; 7130 | 7630016 |
| John Deere Capital Corp. |  |  |
| 2.00%, 06/17/31 | &nbsp;&nbsp; 5148 | 4658522 |
| 3.90%, 06/07/32<sup>(a)</sup> | &nbsp;&nbsp; 3711 | 3678928 |
| 4.35%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4604 | 4666927 |
| 4.40%, 09/08/31<sup>(a)</sup> | &nbsp;&nbsp; 8125 | 8288364 |
| 5.10%, 04/11/34 | &nbsp;&nbsp; 7615 | 7957518 |
| 5.15%, 09/08/33<sup>(a)</sup> | &nbsp;&nbsp; 7030 | 7432706 |
| Series 1, 5.05%, 06/12/34<sup>(a)</sup> | &nbsp;&nbsp; 5445 | 5673487 |
| Nordson Corp., 5.80%, 09/15/33 | &nbsp;&nbsp; 3610 | 3859983 |
| nVent Finance SARL |  |  |
| 2.75%, 11/15/31 | &nbsp;&nbsp; 2425 | 2197436 |
| 5.65%, 05/15/33 | &nbsp;&nbsp; 3666 | 3874190 |
| Otis Worldwide Corp. |  |  |
| 5.13%, 11/19/31<sup>(a)</sup> | &nbsp;&nbsp; 4264 | 4462427 |
| 5.13%, 09/04/35 | &nbsp;&nbsp; 3735 | 3848425 |
| Regal Rexnord Corp., 6.40%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 8865 | 9639143 |
| Rockwell Automation, Inc., 1.75%, 08/15/31 | &nbsp;&nbsp; 3376 | 2990685 |
| Vertiv Holdings Co., 4.85%, 03/15/36 | &nbsp;&nbsp; 1425 | 1419511 |
| Westinghouse Air Brake Technologies Corp. |  |  |
| 5.50%, 05/29/35<sup>(a)</sup> | &nbsp;&nbsp; 5325 | 5603894 |
| 5.61%, 03/11/34 | &nbsp;&nbsp; 3825 | 4056184 |
|  |  | 142337360 |
| **Manufacturing — 0.4%** | **Manufacturing — 0.4%** | **Manufacturing — 0.4%** |
| 3M Co., 5.15%, 03/15/35 | &nbsp;&nbsp; 4204 | 4346220 |
| Eaton Corp. |  |  |
| 4.00%, 11/02/32<sup>(a)</sup> | &nbsp;&nbsp; 5080 | 5047180 |
| 4.15%, 03/15/33 | &nbsp;&nbsp; 9055 | 9037345 |
| Parker-Hannifin Corp., 4.20%, 11/21/34<sup>(a)</sup> | &nbsp;&nbsp; 3580 | 3535167 |
| Pentair Finance SARL, 5.90%, 07/15/32 | &nbsp;&nbsp; 2790 | 2994967 |
| Siemens Financieringsmaatschappij NV, 2.15%, <br> 03/11/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 11572 | 10612432 |
| Siemens Funding BV |  |  |
| 4.90%, 05/28/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 6695 | 6949196 |
| 5.20%, 05/28/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 10485 | 10989254 |
| Teledyne Technologies, Inc., 2.75%, 04/01/31 | &nbsp;&nbsp; 6165 | 5765551 |
| Textron, Inc. |  |  |
| 2.45%, 03/15/31 | &nbsp;&nbsp; 3353 | 3076487 |
| 4.95%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 765 | 768919 |
| 5.50%, 05/15/35 | &nbsp;&nbsp; 3645 | 3835020 |
| 6.10%, 11/15/33 | &nbsp;&nbsp; 2570 | 2808801 |
|  |  | 69766539 |
| **Media — 1.3%** | **Media — 1.3%** | **Media — 1.3%** |
| Charter Communications <br> Operating LLC/Charter Communications <br> Operating Capital<br>|  |  |
| 2.30%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 6811 | 5942252 |
| 2.80%, 04/01/31 | &nbsp;&nbsp; 10386 | 9441066 |
| 4.40%, 04/01/33 | &nbsp;&nbsp; 7917 | 7539652 |
| 5.85%, 12/01/35<sup>(a)</sup> | &nbsp;&nbsp; 9295 | 9354406 |
| 6.38%, 10/23/35 | &nbsp;&nbsp; 11130 | 11626039 |
| 6.55%, 06/01/34 | &nbsp;&nbsp; 11319 | 12038054 |
| 6.65%, 02/01/34 | &nbsp;&nbsp; 6743 | 7161536 |
| Comcast Corp. |  |  |
| 4.20%, 08/15/34 | &nbsp;&nbsp; 6865 | 6660408 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 4.25%, 01/15/33 | &nbsp;&nbsp; $12507 | $12388453 |
| 4.40%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4195 | 4071681 |
| 4.65%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 7831 | 7955788 |
| 4.80%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 8423 | 8595354 |
| 4.95%, 05/15/32 | &nbsp;&nbsp; 5130 | 5305446 |
| 5.30%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 9936 | 10381164 |
| 5.30%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8155 | 8532859 |
| 5.50%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6864 | 7326139 |
| 5.65%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7980 | 8511532 |
| 6.50%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1790 | 2018671 |
| 7.05%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5663 | 6543011 |
| Cox Communications, Inc. |  |  |
| 2.60%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 6807 | 6140397 |
| 4.80%, 02/01/35<sup>(b)</sup> | &nbsp;&nbsp; 5120 | 4807215 |
| 5.45%, 09/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5490 | 5436195 |
| 5.70%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 6091 | 6191982 |
| FactSet Research Systems, Inc., 3.45%, <br> 03/01/32<sup>(a)</sup><br>| &nbsp;&nbsp; 3383 | 3099954 |
| Fox Corp., 6.50%, 10/13/33 | &nbsp;&nbsp; 8446 | 9270166 |
| News Corp., 5.13%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2050 | 2039520 |
| Paramount Global |  |  |
| 4.20%, 05/19/32<sup>(a)</sup> | &nbsp;&nbsp; 5550 | 4887181 |
| 5.50%, 05/15/33 | &nbsp;&nbsp; 1085 | 983836 |
| Sky Group Finance Ltd., 6.50%, 10/15/35<sup>(b)</sup> | &nbsp;&nbsp; 55 | 61218 |
| Time Warner Cable Enterprises LLC, 8.38%, <br> 07/15/33<br>| &nbsp;&nbsp; 6840 | 7998205 |
| TWDC Enterprises 18 Corp., Series B, 7.00%, <br> 03/01/32<br>| &nbsp;&nbsp; 3179 | 3645943 |
| Videotron Ltd., 5.70%, 01/15/35<sup>(b)</sup> | &nbsp;&nbsp; 5160 | 5334182 |
| Walt Disney Co.(The) |  |  |
| 4.63%, 03/14/36<sup>(a)</sup> | &nbsp;&nbsp; 7050 | 7029509 |
| 6.20%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6410 | 7246325 |
| 6.40%, 12/15/35 | &nbsp;&nbsp; 5870 | 6683856 |
| 6.55%, 03/15/33 | &nbsp;&nbsp; 2415 | 2754919 |
|  |  | 235004114 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Precision Castparts Corp., 4.20%, 06/15/35 | &nbsp;&nbsp; 1820 | 1776717 |
| Timken Co. (The), 4.13%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 2395 | 2329680 |
| Vallourec SACA, 7.50%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 200 | 212347 |
|  |  | 4318744 |
| **Mining — 1.4%** | **Mining — 1.4%** | **Mining — 1.4%** |
| Anglo American Capital PLC |  |  |
| 2.88%, 03/17/31<sup>(b)</sup> | &nbsp;&nbsp; 4104 | 3848068 |
| 5.50%, 05/02/33<sup>(b)</sup> | &nbsp;&nbsp; 6570 | 6880176 |
| 5.75%, 04/05/34<sup>(b)</sup> | &nbsp;&nbsp; 7295 | 7748283 |
| Antofagasta PLC |  |  |
| 5.63%, 05/13/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2800 | 2939835 |
| 5.63%, 09/09/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3635 | 3758409 |
| 6.25%, 05/02/34<sup>(b)</sup> | &nbsp;&nbsp; 4719 | 5105543 |
| Barrick Mining Corp., 6.45%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 835 | 933572 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.90%, 02/28/33 | &nbsp;&nbsp; 6155 | 6333795 |
| 5.00%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1260 | 1295833 |
| 5.13%, 02/21/32 | &nbsp;&nbsp; 7135 | 7464941 |
| 5.25%, 09/08/33 | &nbsp;&nbsp; 10927 | 11467415 |
| 5.30%, 02/21/35 | &nbsp;&nbsp; 8947 | 9382942 |
| Corp. Nacional del Cobre de Chile |  |  |
| 5.13%, 02/02/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 7090 | 7248412 |
| 5.95%, 01/08/34<sup>(b)</sup> | &nbsp;&nbsp; 7692 | 8157781 |
| 6.33%, 01/13/35<sup>(b)</sup> | &nbsp;&nbsp; 9955 | 10770115 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| 6.44%, 01/26/36<sup>(b)</sup> | &nbsp;&nbsp; $10000 | $10939610 |
| Freeport Indonesia PT, 5.32%, 04/14/32<sup>(b)</sup> | &nbsp;&nbsp; 12355 | 12632901 |
| Freeport-McMoRan, Inc., 5.40%, 11/14/34<sup>(a)</sup> | &nbsp;&nbsp; 4815 | 5037853 |
| Glencore Canada Corp., 6.20%, 06/15/35 | &nbsp;&nbsp; 1665 | 1788444 |
| Glencore Funding LLC |  |  |
| 2.63%, 09/23/31<sup>(b)</sup> | &nbsp;&nbsp; 7970 | 7269333 |
| 2.85%, 04/27/31<sup>(b)</sup> | &nbsp;&nbsp; 5062 | 4723829 |
| 5.63%, 04/04/34<sup>(b)</sup> | &nbsp;&nbsp; 8995 | 9513209 |
| 5.67%, 04/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 8795 | 9292060 |
| 5.70%, 05/08/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3928 | 4176555 |
| 6.50%, 10/06/33<sup>(b)</sup> | &nbsp;&nbsp; 6710 | 7478079 |
| Kinross Gold Corp., 6.25%, 07/15/33 | &nbsp;&nbsp; 3081 | 3388569 |
| Minera Mexico SA de CV, 5.63%, 02/12/32<sup>(b)</sup> | &nbsp;&nbsp; 5790 | 6032022 |
| Newcastle Coal Infrastructure Group Pty. Ltd., <br> 4.70%, 05/12/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3365 | 3348916 |
| Newmont Corp. |  |  |
| 2.60%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6566 | 6032606 |
| 5.88%, 04/01/35 | &nbsp;&nbsp; 3375 | 3668013 |
| Newmont Corp./Newcrest Finance Pty. Ltd., <br> 5.35%, 03/15/34<sup>(a)</sup><br>| &nbsp;&nbsp; 6795 | 7179548 |
| Nexa Resources SA, 6.75%, 04/09/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3395 | 3697790 |
| Northern Star Resources Ltd., 6.13%, <br> 04/11/33<sup>(b)</sup><br>| &nbsp;&nbsp; 4605 | 4938644 |
| Rio Tinto Alcan, Inc. |  |  |
| 5.75%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 1950 | 2103151 |
| 6.13%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5058 | 5581935 |
| 7.25%, 03/15/31 | &nbsp;&nbsp; 2877 | 3290789 |
| Rio Tinto Finance USA PLC |  |  |
| 5.00%, 03/14/32 | &nbsp;&nbsp; 10250 | 10653083 |
| 5.00%, 03/09/33 | &nbsp;&nbsp; 5117 | 5314652 |
| 5.25%, 03/14/35<sup>(a)</sup> | &nbsp;&nbsp; 12305 | 12840119 |
| South32 Treasury Ltd., 4.35%, 04/14/32<sup>(b)</sup> | &nbsp;&nbsp; 4562 | 4501913 |
| Southern Copper Corp., 7.50%, 07/27/35 | &nbsp;&nbsp; 5385 | 6416071 |
| Vale Canada Ltd., 7.20%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 1744 | 1941944 |
| Windfall Mining Group, Inc./Groupe Minier <br> Windfall, Inc., 5.85%, 05/13/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 4735 | 4961069 |
| Yamana Gold, Inc., 2.63%, 08/15/31 | &nbsp;&nbsp; 3968 | 3629884 |
|  |  | 265707711 |
| **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** |
| CDW LLC/CDW Finance Corp. |  |  |
| 3.57%, 12/01/31 | &nbsp;&nbsp; 7291 | 6787113 |
| 5.55%, 08/22/34 | &nbsp;&nbsp; 3370 | 3391882 |
|  |  | 10178995 |
| **Oil & Gas — 4.0%** | **Oil & Gas — 4.0%** | **Oil & Gas — 4.0%** |
| Adnoc Murban Rsc Ltd., 4.50%, 09/11/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 6640 | 6581795 |
| Adnoc Murban Sukuk Ltd., 4.75%, <br> 05/06/35<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 9395 | 9546550 |
| Aker BP ASA |  |  |
| 3.10%, 07/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 7169 | 6693743 |
| 5.13%, 10/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 5730 | 5717819 |
| 5.25%, 10/30/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 6840 | 6818877 |
| 6.00%, 06/13/33<sup>(b)</sup> | &nbsp;&nbsp; 7004 | 7404501 |
| Antero Resources Corp., 5.40%, 02/01/36 | &nbsp;&nbsp; 2415 | 2417837 |
| APA Corp., 6.10%, 02/15/35 | &nbsp;&nbsp; 2550 | 2670445 |
| BP Capital Markets America, Inc. |  |  |
| 2.72%, 01/12/32<sup>(a)</sup> | &nbsp;&nbsp; 15905 | 14710981 |
| 4.81%, 02/13/33 | &nbsp;&nbsp; 15740 | 16133482 |
| 4.89%, 09/11/33<sup>(a)</sup> | &nbsp;&nbsp; 10458 | 10749331 |
| 4.99%, 04/10/34 | &nbsp;&nbsp; 8140 | 8379611 |
| 5.23%, 11/17/34<sup>(a)</sup> | &nbsp;&nbsp; 13691 | 14330927 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| BP Capital Markets PLC |  |  |
| 6.13%, (5-year CMT + 1.92%)<sup>(c)(d)</sup> | &nbsp;&nbsp; $8645 | $8935861 |
| 6.45%, (5-year CMT + 2.15%)<sup>(a)(c)(d)</sup> | &nbsp;&nbsp; 7885 | 8404393 |
| Burlington Resources LLC, 7.20%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3088 | 3543134 |
| Canadian Natural Resources Ltd. |  |  |
| 5.40%, 12/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5365 | 5556924 |
| 5.85%, 02/01/35 | &nbsp;&nbsp; 2280 | 2439955 |
| 6.45%, 06/30/33 | &nbsp;&nbsp; 2770 | 3055581 |
| 7.20%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3034 | 3430646 |
| Cenovus Energy, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 3355 | 3049460 |
| 4.65%, 03/20/31<sup>(a)</sup> | &nbsp;&nbsp; 3175 | 3215288 |
| 5.40%, 03/20/36<sup>(a)</sup> | &nbsp;&nbsp; 3175 | 3234099 |
| Chevron USA, Inc. |  |  |
| 4.50%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7575 | 7762342 |
| 4.82%, 04/15/32 | &nbsp;&nbsp; 5865 | 6103748 |
| 4.85%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6350 | 6523058 |
| 4.98%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5575 | 5786653 |
| CNOOC Finance 2003 Ltd., 5.50%, 05/21/33<sup>(b)</sup> | &nbsp;&nbsp; 100 | 108173 |
| Conoco Funding Co., 7.25%, 10/15/31 | &nbsp;&nbsp; 695 | 799020 |
| ConocoPhillips Co. |  |  |
| 4.85%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6672 | 6920262 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 8805 | 9060970 |
| 5.05%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 7465 | 7770476 |
| 5.90%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3585 | 3942486 |
| Continental Resources, Inc./OK, 2.88%, <br> 04/01/32<sup>(b)</sup><br>| &nbsp;&nbsp; 6110 | 5442373 |
| Coterra Energy, Inc. |  |  |
| 5.40%, 02/15/35 | &nbsp;&nbsp; 5460 | 5630543 |
| 5.60%, 03/15/34 | &nbsp;&nbsp; 3940 | 4130136 |
| Devon Energy Corp. |  |  |
| 5.20%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 9225 | 9460500 |
| 7.88%, 09/30/31 | &nbsp;&nbsp; 4720 | 5531538 |
| 7.95%, 04/15/32 | &nbsp;&nbsp; 2866 | 3372563 |
| Diamondback Energy, Inc. |  |  |
| 3.13%, 03/24/31<sup>(a)</sup> | &nbsp;&nbsp; 5003 | 4746283 |
| 5.40%, 04/18/34 | &nbsp;&nbsp; 9205 | 9572131 |
| 5.55%, 04/01/35<sup>(a)</sup> | &nbsp;&nbsp; 8620 | 9019764 |
| 6.25%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 8008 | 8758137 |
| Empresa Nacional del Petroleo |  |  |
| 3.45%, 09/16/31<sup>(b)</sup> | &nbsp;&nbsp; 1224 | 1130836 |
| 5.95%, 07/30/34<sup>(b)</sup> | &nbsp;&nbsp; 2745 | 2885915 |
| 6.15%, 05/10/33<sup>(b)</sup> | &nbsp;&nbsp; 4770 | 5085216 |
| Eni SpA |  |  |
| 5.50%, 05/15/34<sup>(b)</sup> | &nbsp;&nbsp; 7305 | 7657270 |
| 5.75%, 05/19/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 7010 | 7451822 |
| EOG Resources, Inc. |  |  |
| 3.90%, 04/01/35 | &nbsp;&nbsp; 3995 | 3768175 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 9025 | 9366771 |
| 5.10%, 01/15/36 | &nbsp;&nbsp; 334 | 340537 |
| 5.35%, 01/15/36 | &nbsp;&nbsp; 5075 | 5274142 |
| EQT Corp. |  |  |
| 3.63%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3048 | 2916055 |
| 5.75%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5630 | 5964251 |
| Equinor ASA |  |  |
| 4.75%, 11/14/35 | &nbsp;&nbsp; 6375 | 6414850 |
| 5.13%, 06/03/35<sup>(a)</sup> | &nbsp;&nbsp; 4150 | 4312119 |
| Expand Energy Corp. |  |  |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 9380 | 9364521 |
| 5.70%, 01/15/35 | &nbsp;&nbsp; 5570 | 5832571 |
| Harbour Energy PLC, 6.33%, 04/01/35<sup>(b)</sup> | &nbsp;&nbsp; 6110 | 6363664 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Helmerich & Payne, Inc. |  |  |
| 2.90%, 09/29/31<sup>(a)</sup> | &nbsp;&nbsp; $4420 | $4045450 |
| 5.50%, 12/01/34<sup>(a)</sup> | &nbsp;&nbsp; 3910 | 3947383 |
| Hess Corp. |  |  |
| 7.13%, 03/15/33 | &nbsp;&nbsp; 4145 | 4844846 |
| 7.30%, 08/15/31 | &nbsp;&nbsp; 4934 | 5700035 |
| HF Sinclair Corp. |  |  |
| 5.50%, 09/01/32<sup>(a)</sup> | &nbsp;&nbsp; 3645 | 3727115 |
| 6.25%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5535 | 5827495 |
| KazMunayGas National Co. JSC, 3.50%, <br> 04/14/33<sup>(b)</sup><br>| &nbsp;&nbsp; 5715 | 5254207 |
| Marathon Petroleum Corp., 5.70%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 6480 | 6825495 |
| Occidental Petroleum Corp. |  |  |
| 5.38%, 01/01/32<sup>(a)</sup> | &nbsp;&nbsp; 8445 | 8791131 |
| 5.55%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 8550 | 8911998 |
| 7.50%, 05/01/31 | &nbsp;&nbsp; 5555 | 6325201 |
| 7.88%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4693 | 5447816 |
| ORLEN SA, 6.00%, 01/30/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 6130 | 6525267 |
| Ovintiv, Inc. |  |  |
| 6.25%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4905 | 5293266 |
| 6.50%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4515 | 4943380 |
| 7.20%, 11/01/31 | &nbsp;&nbsp; 2865 | 3207855 |
| 7.38%, 11/01/31 | &nbsp;&nbsp; 3790 | 4280532 |
| Patterson-UTI Energy, Inc., 7.15%, 10/01/33 | &nbsp;&nbsp; 2945 | 3236301 |
| Petronas Capital Ltd. |  |  |
| 2.48%, 01/28/32<sup>(b)</sup> | &nbsp;&nbsp; 10890 | 9949607 |
| 5.34%, 04/03/35<sup>(b)</sup> | &nbsp;&nbsp; 12710 | 13392775 |
| Phillips 66, 4.65%, 11/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7245 | 7194107 |
| Phillips 66 Co. |  |  |
| 4.95%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4620 | 4676219 |
| 5.25%, 06/15/31<sup>(a)</sup> | &nbsp;&nbsp; 8590 | 8993685 |
| 5.30%, 06/30/33<sup>(a)</sup> | &nbsp;&nbsp; 7373 | 7663028 |
| Series A, 5.88%, 03/15/56, (5-year CMT + <br> 2.28%)<sup>(c)</sup><br>| &nbsp;&nbsp; 160 | 160870 |
| Qatar Energy, 2.25%, 07/12/31<sup>(b)</sup> | &nbsp;&nbsp; 23855 | 21715206 |
| Reliance Industries Ltd., 2.88%, 01/12/32<sup>(b)</sup> | &nbsp;&nbsp; 10355 | 9582517 |
| Repsol E&P Capital Markets U.S. LLC, 5.98%, <br> 09/16/35<sup>(b)</sup><br>| &nbsp;&nbsp; 6925 | 7204318 |
| SA Global Sukuk Ltd. |  |  |
| 2.69%, 06/17/31<sup>(b)</sup> | &nbsp;&nbsp; 23120 | 21255141 |
| 4.63%, 09/17/35<sup>(b)</sup> | &nbsp;&nbsp; 8700 | 8533642 |
| 4.75%, 10/02/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 8960 | 8919653 |
| Santos Finance Ltd. |  |  |
| 3.65%, 04/29/31<sup>(b)</sup> | &nbsp;&nbsp; 7109 | 6772808 |
| 5.75%, 11/13/35<sup>(b)</sup> | &nbsp;&nbsp; 4659 | 4764026 |
| 6.88%, 09/19/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 5715 | 6347536 |
| Saudi Arabian Oil Co. |  |  |
| 5.00%, 02/02/36<sup>(b)</sup> | &nbsp;&nbsp; 5000 | 5006750 |
| 5.25%, 07/17/34<sup>(b)</sup> | &nbsp;&nbsp; 13945 | 14409731 |
| 5.38%, 06/02/35<sup>(b)</sup> | &nbsp;&nbsp; 7520 | 7804745 |
| Shell Finance U.S., Inc. |  |  |
| 4.13%, 05/11/35<sup>(a)</sup> | &nbsp;&nbsp; 8250 | 8046691 |
| 4.75%, 01/06/36<sup>(a)</sup> | &nbsp;&nbsp; 4370 | 4403677 |
| Shell International Finance BV, 4.13%, <br> 05/11/35<sup>(a)</sup><br>| &nbsp;&nbsp; 1800 | 1807378 |
| Suncor Energy, Inc. |  |  |
| 5.95%, 12/01/34<sup>(a)</sup> | &nbsp;&nbsp; 3845 | 4134332 |
| 7.15%, 02/01/32 | &nbsp;&nbsp; 3880 | 4400664 |
| TotalEnergies Capital SA |  |  |
| 4.72%, 09/10/34 | &nbsp;&nbsp; 5530 | 5641663 |
| 5.15%, 04/05/34 | &nbsp;&nbsp; 8475 | 8874318 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| TotalEnergies Capital USA LLC |  |  |
| 4.57%, 01/13/33 | &nbsp;&nbsp; $470 | $475863 |
| 4.86%, 01/13/36<sup>(a)</sup> | &nbsp;&nbsp; 5280 | 5335608 |
| Valero Energy Corp. |  |  |
| 2.80%, 12/01/31 | &nbsp;&nbsp; 3630 | 3357162 |
| 7.50%, 04/15/32 | &nbsp;&nbsp; 5020 | 5827947 |
| Var Energi ASA |  |  |
| 6.50%, 05/22/35<sup>(b)</sup> | &nbsp;&nbsp; 5125 | 5531282 |
| 8.00%, 11/15/32<sup>(b)</sup> | &nbsp;&nbsp; 7303 | 8501331 |
| Viper Energy Partners LLC, 5.70%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 7040 | 7302874 |
| Woodside Finance Ltd. |  |  |
| 5.10%, 09/12/34 | &nbsp;&nbsp; 9255 | 9297958 |
| 5.70%, 05/19/32 | &nbsp;&nbsp; 3515 | 3723020 |
| 6.00%, 05/19/35<sup>(a)</sup> | &nbsp;&nbsp; 9025 | 9554497 |
|  |  | 729288513 |
| **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** |
| Halliburton Co., 4.85%, 11/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3435 | 3434457 |
| Schlumberger Holdings Corp. |  |  |
| 4.85%, 05/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 2820 | 2870290 |
| 5.00%, 06/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3235 | 3321894 |
|  |  | 9626641 |
| **Packaging & Containers — 0.4%** | **Packaging & Containers — 0.4%** | **Packaging & Containers — 0.4%** |
| Amcor Finance USA, Inc., 5.63%, 05/26/33<sup>(a)</sup> | &nbsp;&nbsp; 3310 | 3511245 |
| Amcor Flexibles North America, Inc. |  |  |
| 2.69%, 05/25/31 | &nbsp;&nbsp; 5388 | 4980637 |
| 5.50%, 03/17/35<sup>(a)</sup> | &nbsp;&nbsp; 5065 | 5333937 |
| AptarGroup, Inc. |  |  |
| 3.60%, 03/15/32 | &nbsp;&nbsp; 2540 | 2424325 |
| 4.75%, 03/30/31 | &nbsp;&nbsp; 3175 | 3222168 |
| Berry Global, Inc. |  |  |
| 5.65%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5765 | 6090166 |
| 5.80%, 06/15/31 | &nbsp;&nbsp; 5260 | 5601369 |
| Packaging Corp. of America |  |  |
| 5.20%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3405 | 3491169 |
| 5.70%, 12/01/33<sup>(a)</sup> | &nbsp;&nbsp; 2945 | 3139859 |
| Smurfit Kappa Treasury ULC, 5.44%, <br> 04/03/34<sup>(a)</sup><br>| &nbsp;&nbsp; 7266 | 7573162 |
| Smurfit Westrock Financing DAC |  |  |
| 5.19%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 3250 | 3317297 |
| 5.42%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4465 | 4634084 |
| Sonoco Products Co. |  |  |
| 2.85%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 3717 | 3410073 |
| 5.00%, 09/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5190 | 5241164 |
| WRKCo, Inc. |  |  |
| 3.00%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4455 | 4021188 |
| 4.20%, 06/01/32 | &nbsp;&nbsp; 4058 | 3987163 |
|  |  | 69979006 |
| **Pharmaceuticals — 3.3%** | **Pharmaceuticals — 3.3%** | **Pharmaceuticals — 3.3%** |
| AbbVie, Inc. |  |  |
| 4.40%, 03/15/33 | &nbsp;&nbsp; 9150 | 9188381 |
| 4.50%, 05/14/35 | &nbsp;&nbsp; 17530 | 17365615 |
| 4.55%, 03/15/35 | &nbsp;&nbsp; 11875 | 11823073 |
| 4.75%, 03/15/36 | &nbsp;&nbsp; 5715 | 5744938 |
| 4.95%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 12840 | 13366981 |
| 5.05%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 20055 | 20820533 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 6992 | 7295187 |
| Astrazeneca Finance LLC |  |  |
| 2.25%, 05/28/31 | &nbsp;&nbsp; 5324 | 4880149 |
| 4.30%, 03/02/33 | &nbsp;&nbsp; 3275 | 3283528 |
| 4.60%, 03/02/36 | &nbsp;&nbsp; 3275 | 3278327 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.88%, 03/03/33<sup>(a)</sup> | &nbsp;&nbsp; $3745 | $3896660 |
| 5.00%, 02/26/34 | &nbsp;&nbsp; 10185 | 10602041 |
| Bayer U.S. Finance II LLC |  |  |
| 4.20%, 07/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 1875 | 1776316 |
| 5.50%, 07/30/35<sup>(b)</sup> | &nbsp;&nbsp; 2210 | 2271704 |
| Bayer U.S. Finance LLC, 6.50%, 11/21/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 12140 | 13305976 |
| Becton Dickinson & Co. |  |  |
| 4.30%, 08/22/32 | &nbsp;&nbsp; 3539 | 3548041 |
| 5.11%, 02/08/34<sup>(a)</sup> | &nbsp;&nbsp; 3854 | 3965109 |
| Bristol-Myers Squibb Co. |  |  |
| 2.95%, 03/15/32 | &nbsp;&nbsp; 11785 | 11024712 |
| 5.20%, 02/22/34<sup>(a)</sup> | &nbsp;&nbsp; 16506 | 17276121 |
| 5.90%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4350 | 4777800 |
| Cardinal Health, Inc. |  |  |
| 5.15%, 09/15/35 | &nbsp;&nbsp; 3110 | 3184248 |
| 5.35%, 11/15/34 | &nbsp;&nbsp; 6915 | 7193201 |
| 5.45%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3645 | 3833840 |
| Cencora, Inc. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 6604 | 6154124 |
| 4.60%, 02/13/33 | &nbsp;&nbsp; 1665 | 1677190 |
| 4.90%, 02/13/36<sup>(a)</sup> | &nbsp;&nbsp; 3975 | 4002905 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 3345 | 3469803 |
| 5.15%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4770 | 4934126 |
| CVS Health Corp. |  |  |
| 1.88%, 02/28/31<sup>(a)</sup> | &nbsp;&nbsp; 2163 | 1928214 |
| 2.13%, 09/15/31 | &nbsp;&nbsp; 10339 | 9172271 |
| 4.88%, 07/20/35 | &nbsp;&nbsp; 5394 | 5361154 |
| 5.00%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5770 | 5919923 |
| 5.25%, 02/21/33 | &nbsp;&nbsp; 12241 | 12714645 |
| 5.30%, 06/01/33 | &nbsp;&nbsp; 9171 | 9508035 |
| 5.45%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 11110 | 11474937 |
| 5.55%, 06/01/31 | &nbsp;&nbsp; 6535 | 6895122 |
| 5.70%, 06/01/34 | &nbsp;&nbsp; 8518 | 8994566 |
| Eli Lilly & Co. |  |  |
| 4.25%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 4975 | 5046332 |
| 4.55%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7135 | 7283369 |
| 4.60%, 08/14/34<sup>(a)</sup> | &nbsp;&nbsp; 8995 | 9133450 |
| 4.70%, 02/27/33 | &nbsp;&nbsp; 7178 | 7383681 |
| 4.70%, 02/09/34 | &nbsp;&nbsp; 10080 | 10313231 |
| 4.90%, 02/12/32 | &nbsp;&nbsp; 7750 | 8068631 |
| 4.90%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8725 | 8935396 |
| 5.10%, 02/12/35<sup>(a)</sup> | &nbsp;&nbsp; 8341 | 8683365 |
| EMD Finance LLC |  |  |
| 4.63%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 7180 | 7269784 |
| 5.00%, 10/15/35<sup>(b)</sup> | &nbsp;&nbsp; 8330 | 8410028 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 4.88%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5295 | 5405182 |
| 5.38%, 04/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2890 | 3091263 |
| Johnson & Johnson |  |  |
| 4.38%, 12/05/33 | &nbsp;&nbsp; 5660 | 5764577 |
| 4.85%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 10145 | 10622735 |
| 4.90%, 06/01/31 | &nbsp;&nbsp; 7630 | 8000484 |
| 4.95%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3010 | 3191451 |
| 4.95%, 06/01/34<sup>(a)</sup> | &nbsp;&nbsp; 6285 | 6654007 |
| 5.00%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 8100 | 8526994 |
| McKesson Corp. |  |  |
| 4.95%, 05/30/32<sup>(a)</sup> | &nbsp;&nbsp; 4610 | 4803315 |
| 5.10%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4096 | 4280084 |
| 5.25%, 05/30/35<sup>(a)</sup> | &nbsp;&nbsp; 4765 | 5000065 |
| Merck & Co., Inc. |  |  |
| 2.15%, 12/10/31 | &nbsp;&nbsp; 16419 | 14838499 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 4.15%, 03/15/31 | &nbsp;&nbsp; $4775 | $4807511 |
| 4.45%, 12/04/32<sup>(a)</sup> | &nbsp;&nbsp; 2845 | 2883386 |
| 4.50%, 05/17/33<sup>(a)</sup> | &nbsp;&nbsp; 10044 | 10235890 |
| 4.55%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5499 | 5634662 |
| 4.75%, 12/04/35 | &nbsp;&nbsp; 10860 | 10958900 |
| 4.95%, 09/15/35 | &nbsp;&nbsp; 12520 | 12841064 |
| 6.50%, 12/01/33 | &nbsp;&nbsp; 4595 | 5242346 |
| Novartis Capital Corp. |  |  |
| 4.00%, 09/18/31<sup>(a)</sup> | &nbsp;&nbsp; 6870 | 6893574 |
| 4.20%, 09/18/34<sup>(a)</sup> | &nbsp;&nbsp; 7010 | 6956294 |
| 4.30%, 11/05/32 | &nbsp;&nbsp; 4460 | 4492072 |
| 4.60%, 11/05/35<sup>(a)</sup> | &nbsp;&nbsp; 5915 | 5944731 |
| Pfizer Investment Enterprises Pte Ltd., 4.75%, <br> 05/19/33<br>| &nbsp;&nbsp; 33863 | 34567076 |
| Pfizer, Inc. |  |  |
| 1.75%, 08/18/31<sup>(a)</sup> | &nbsp;&nbsp; 7954 | 7099908 |
| 4.50%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7495 | 7621370 |
| 4.88%, 11/15/35 | &nbsp;&nbsp; 7970 | 8120186 |
| Sanofi SA, 4.20%, 11/03/32 | &nbsp;&nbsp; 310 | 311314 |
| Takeda Pharmaceutical Co. Ltd., 5.30%, <br> 07/05/34<br>| &nbsp;&nbsp; 6975 | 7273006 |
| Takeda U.S. Financing, Inc., 5.20%, 07/07/35<sup>(a)</sup> | &nbsp;&nbsp; 11380 | 11705419 |
| Wyeth LLC |  |  |
| 6.00%, 02/15/36 | &nbsp;&nbsp; 10 | 10987 |
| 6.50%, 02/01/34 | &nbsp;&nbsp; 5040 | 5706242 |
| Zoetis, Inc. |  |  |
| 5.00%, 08/17/35<sup>(a)</sup> | &nbsp;&nbsp; 6980 | 7120325 |
| 5.60%, 11/16/32<sup>(a)</sup> | &nbsp;&nbsp; 5183 | 5558225 |
|  |  | 608599907 |
| **Pipelines — 3.7%** | **Pipelines — 3.7%** | **Pipelines — 3.7%** |
| Boardwalk Pipelines LP |  |  |
| 3.60%, 09/01/32 | &nbsp;&nbsp; 3667 | 3468702 |
| 5.38%, 02/15/36 | &nbsp;&nbsp; 1920 | 1952817 |
| 5.63%, 08/01/34<sup>(a)</sup> | &nbsp;&nbsp; 4130 | 4368740 |
| Cameron LNG LLC |  |  |
| 2.90%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 5397 | 5065737 |
| 3.30%, 01/15/35<sup>(b)</sup> | &nbsp;&nbsp; 5185 | 4626200 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/32 | &nbsp;&nbsp; 9017 | 8406979 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 9570 | 9380385 |
| 5.55%, 10/30/35 | &nbsp;&nbsp; 1925 | 1997630 |
| 5.75%, 08/15/34<sup>(a)</sup> | &nbsp;&nbsp; 8860 | 9362564 |
| 5.95%, 06/30/33<sup>(a)</sup> | &nbsp;&nbsp; 9697 | 10401797 |
| Cheniere Energy, Inc., 5.65%, 04/15/34 | &nbsp;&nbsp; 10240 | 10767955 |
| Colonial Enterprises, Inc., 5.63%, 11/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1740 | 1788243 |
| Colonial Pipeline Co., 7.63%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 1795 | 2037833 |
| Columbia Pipelines Holding Co. LLC |  |  |
| 5.00%, 11/17/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 890 | 907941 |
| 5.10%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 3274 | 3368115 |
| 5.68%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 3515 | 3677290 |
| Columbia Pipelines Operating Co. LLC |  |  |
| 5.44%, 02/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3640 | 3791334 |
| 6.04%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp; 9620 | 10422876 |
| DCP Midstream Operating LP, 3.25%, 02/15/32 | &nbsp;&nbsp; 3045 | 2835444 |
| DT Midstream, Inc. |  |  |
| 4.30%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 4445 | 4352730 |
| 4.38%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 3660 | 3608001 |
| 5.80%, 12/15/34<sup>(b)</sup> | &nbsp;&nbsp; 4555 | 4802258 |
| Eastern Energy Gas Holdings LLC, 5.80%, <br> 01/15/35<sup>(a)</sup><br>| &nbsp;&nbsp; 5000 | 5363021 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| El Paso Natural Gas Co. LLC |  |  |
| 3.50%, 02/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp; $1994 | $1883657 |
| 8.38%, 06/15/32 | &nbsp;&nbsp; 1980 | 2378879 |
| Enbridge, Inc. |  |  |
| 2.50%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 7618 | 6645625 |
| 5.20%, 11/20/35 | &nbsp;&nbsp; 4555 | 4644436 |
| 5.55%, 06/20/35 | &nbsp;&nbsp; 6590 | 6910038 |
| 5.63%, 04/05/34 | &nbsp;&nbsp; 8805 | 9320464 |
| 5.70%, 03/08/33<sup>(a)</sup> | &nbsp;&nbsp; 16035 | 17042495 |
| 7.20%, 06/27/54, (5-year CMT + 2.97%)<sup>(c)</sup> | &nbsp;&nbsp; 4930 | 5312997 |
| 7.63%, 01/15/83, (5-year CMT + 4.42%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 3860 | 4241314 |
| 8.50%, 01/15/84, (5-year CMT + 4.43%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 7915 | 9134852 |
| Energy Transfer LP |  |  |
| 4.90%, 03/15/35 | &nbsp;&nbsp; 4869 | 4858974 |
| 5.35%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 2120 | 2155396 |
| 5.55%, 05/15/34 | &nbsp;&nbsp; 9152 | 9522081 |
| 5.60%, 09/01/34 | &nbsp;&nbsp; 8692 | 9081455 |
| 5.70%, 04/01/35 | &nbsp;&nbsp; 8730 | 9171011 |
| 5.75%, 02/15/33<sup>(a)</sup> | &nbsp;&nbsp; 10412 | 11065846 |
| 6.55%, 12/01/33 | &nbsp;&nbsp; 11170 | 12370944 |
| Enterprise Products Operating LLC |  |  |
| 4.85%, 01/31/34<sup>(a)</sup> | &nbsp;&nbsp; 7270 | 7434567 |
| 4.95%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8100 | 8297128 |
| 5.20%, 01/15/36 | &nbsp;&nbsp; 9067 | 9347691 |
| 5.35%, 01/31/33<sup>(a)</sup> | &nbsp;&nbsp; 7358 | 7777732 |
| Series D, 6.88%, 03/01/33 | &nbsp;&nbsp; 3655 | 4197465 |
| Series H, 6.65%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2342 | 2666127 |
| Series J, 5.75%, 03/01/35 | &nbsp;&nbsp; 1459 | 1551994 |
| Flex Intermediate Holdco LLC, 3.36%, <br> 06/30/31<sup>(b)</sup><br>| &nbsp;&nbsp; 5520 | 5141466 |
| Florida Gas Transmission Co. LLC |  |  |
| 2.30%, 10/01/31<sup>(b)</sup> | &nbsp;&nbsp; 4867 | 4381631 |
| 5.75%, 07/15/35<sup>(b)</sup> | &nbsp;&nbsp; 5215 | 5500372 |
| Galaxy Pipeline Assets Bidco Ltd., 2.16%, <br> 03/31/34<sup>(b)</sup><br>| &nbsp;&nbsp; 2398 | 2187576 |
| Gulfstream Natural Gas System LLC, 5.60%, <br> 07/23/35<sup>(b)</sup><br>| &nbsp;&nbsp; 5670 | 5906223 |
| Kinder Morgan Energy Partners LP |  |  |
| 5.80%, 03/15/35 | &nbsp;&nbsp; 3570 | 3810027 |
| 7.30%, 08/15/33 | &nbsp;&nbsp; 3105 | 3616623 |
| 7.40%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2092 | 2390076 |
| 7.75%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2370 | 2776885 |
| Kinder Morgan, Inc. |  |  |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 5473 | 5571343 |
| 5.20%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 10521 | 10978824 |
| 5.30%, 12/01/34 | &nbsp;&nbsp; 5825 | 6043084 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 6915 | 7261472 |
| 5.85%, 06/01/35<sup>(a)</sup> | &nbsp;&nbsp; 5305 | 5703260 |
| 7.75%, 01/15/32 | &nbsp;&nbsp; 7259 | 8533288 |
| 7.80%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp; 4513 | 5281321 |
| MPLX LP |  |  |
| 4.95%, 09/01/32<sup>(a)</sup> | &nbsp;&nbsp; 6840 | 6963716 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 4925 | 5005066 |
| 5.00%, 03/01/33 | &nbsp;&nbsp; 8640 | 8782274 |
| 5.30%, 04/01/36 | &nbsp;&nbsp; 4125 | 4162150 |
| 5.40%, 04/01/35 | &nbsp;&nbsp; 7200 | 7369863 |
| 5.40%, 09/15/35 | &nbsp;&nbsp; 10450 | 10671542 |
| 5.50%, 06/01/34 | &nbsp;&nbsp; 11109 | 11515251 |
| NGPL PipeCo LLC, 3.25%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 4985 | 4675437 |
| ONEOK, Inc. |  |  |
| 4.75%, 10/15/31 | &nbsp;&nbsp; 9590 | 9727637 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 4.95%, 10/15/32 | &nbsp;&nbsp; $5230 | $5320917 |
| 5.05%, 11/01/34 | &nbsp;&nbsp; 11450 | 11491749 |
| 5.40%, 10/15/35 | &nbsp;&nbsp; 8130 | 8300543 |
| 5.65%, 09/01/34 | &nbsp;&nbsp; 3735 | 3903128 |
| 6.00%, 06/15/35 | &nbsp;&nbsp; 3195 | 3402979 |
| 6.05%, 09/01/33 | &nbsp;&nbsp; 10162 | 10911233 |
| 6.10%, 11/15/32 | &nbsp;&nbsp; 5735 | 6190672 |
| Plains All American Pipeline LP, 5.95%, <br> 06/15/35<br>| &nbsp;&nbsp; 6040 | 6381434 |
| Plains All American Pipeline LP/PAA <br> Finance Corp.<br>|  |  |
| 5.60%, 01/15/36 | &nbsp;&nbsp; 6420 | 6581651 |
| 5.70%, 09/15/34 | &nbsp;&nbsp; 4955 | 5174928 |
| Sempra Infrastructure Partners LP, 3.25%, <br> 01/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 2847 | 2567320 |
| South Bow USA Infrastructure Holdings LLC, <br> 5.58%, 10/01/34<br>| &nbsp;&nbsp; 9095 | 9263916 |
| Southern Natural Gas Co. LLC |  |  |
| 5.45%, 08/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 1870 | 1942107 |
| 8.00%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 1372 | 1602041 |
| Targa Resources Corp. |  |  |
| 4.20%, 02/01/33 | &nbsp;&nbsp; 5180 | 5030526 |
| 5.50%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 7600 | 7864256 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 7405 | 7673622 |
| 5.65%, 02/15/36 | &nbsp;&nbsp; 110 | 114375 |
| 6.13%, 03/15/33 | &nbsp;&nbsp; 6398 | 6922269 |
| 6.50%, 03/30/34 | &nbsp;&nbsp; 7018 | 7773324 |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp., 4.00%, 01/15/32<br>| &nbsp;&nbsp; 7340 | 7121563 |
| Texas Eastern Transmission LP, 7.00%, <br> 07/15/32<br>| &nbsp;&nbsp; 2958 | 3365158 |
| TransCanada PipeLines Ltd. |  |  |
| 2.50%, 10/12/31<sup>(a)</sup> | &nbsp;&nbsp; 1960 | 1771708 |
| 4.63%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 8645 | 8595872 |
| 5.60%, 03/31/34 | &nbsp;&nbsp; 2595 | 2751960 |
| Transcanada Trust, 5.60%, 03/07/82, (5-year <br> CMT + 3.99%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp; 5246 | 5271029 |
| Transcontinental Gas Pipe Line Co. LLC, <br> 5.10%, 03/15/36<sup>(b)</sup><br>| &nbsp;&nbsp; 595 | 606642 |
| Western Midstream Operating LP |  |  |
| 5.45%, 11/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6335 | 6444434 |
| 5.50%, 12/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4565 | 4604355 |
| 6.15%, 04/01/33 | &nbsp;&nbsp; 5703 | 6102672 |
| Whistler Pipeline LLC |  |  |
| 5.70%, 09/30/31<sup>(b)</sup> | &nbsp;&nbsp; 2730 | 2863954 |
| 5.95%, 09/30/34<sup>(b)</sup> | &nbsp;&nbsp; 5590 | 5869742 |
| Williams Companies, Inc.(The) |  |  |
| 2.60%, 03/15/31 | &nbsp;&nbsp; 9784 | 9053394 |
| 4.65%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7512 | 7603943 |
| 5.15%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 9670 | 9920991 |
| 5.15%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 7200 | 7284446 |
| 5.30%, 09/30/35 | &nbsp;&nbsp; 5730 | 5883620 |
| 5.60%, 03/15/35 | &nbsp;&nbsp; 7215 | 7582406 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 8003 | 8468509 |
| 7.75%, 06/15/31 | &nbsp;&nbsp; 2902 | 3335053 |
| 8.75%, 03/15/32 | &nbsp;&nbsp; 3266 | 3991798 |
|  |  | 674630406 |
| **Private Equity — 0.1%** | **Private Equity — 0.1%** | **Private Equity — 0.1%** |
| Carlyle Group, Inc. (The), 5.05%, 09/19/35<sup>(a)</sup> | &nbsp;&nbsp; 5505 | 5438220 |
| EQT AB, 5.85%, 05/08/35<sup>(b)</sup> | &nbsp;&nbsp; 3510 | 3611998 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Private Equity (continued)** | **Private Equity (continued)** | **Private Equity (continued)** |
| KKR & Co., Inc., 5.10%, 08/07/35<sup>(a)</sup> | &nbsp;&nbsp; $6370 | $6304081 |
|  |  | 15354299 |
| **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** |
| Aldar Properties PJSC, 5.88%, 04/14/56, <br> (5-year CMT + 2.02%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 5245 | 5205199 |
| Brookfield Corp., 7.38%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 330 | 373502 |
| CBRE Services, Inc. |  |  |
| 2.50%, 04/01/31 | &nbsp;&nbsp; 3268 | 2981562 |
| 4.90%, 01/15/33 | &nbsp;&nbsp; 2925 | 2961804 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 3390 | 3512564 |
| 5.95%, 08/15/34 | &nbsp;&nbsp; 7265 | 7769988 |
| Corp. Inmobiliaria Vesta SAB de CV |  |  |
| 3.63%, 05/13/31<sup>(b)</sup> | &nbsp;&nbsp; 2570 | 2383053 |
| 5.50%, 01/30/33<sup>(b)</sup> | &nbsp;&nbsp; 3105 | 3116489 |
| Mitsui Fudosan Co. Ltd., 2.57%, 01/21/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 475 | 428983 |
| Ontario Teachers' Cadillac Fairview Properties <br> Trust, 2.50%, 10/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 6310 | 5728428 |
|  |  | 34461572 |
| **Real Estate Investment Trusts — 4.2%** | **Real Estate Investment Trusts — 4.2%** | **Real Estate Investment Trusts — 4.2%** |
| Agree LP |  |  |
| 2.60%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1600 | 1395982 |
| 4.80%, 10/01/32 | &nbsp;&nbsp; 1595 | 1624445 |
| 5.60%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2840 | 2997123 |
| 5.63%, 06/15/34 | &nbsp;&nbsp; 2855 | 3013249 |
| Alexandria Real Estate Equities, Inc. |  |  |
| 1.88%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 7334 | 6102977 |
| 2.00%, 05/18/32 | &nbsp;&nbsp; 5800 | 4984877 |
| 2.95%, 03/15/34 | &nbsp;&nbsp; 5425 | 4720970 |
| 3.38%, 08/15/31 | &nbsp;&nbsp; 5035 | 4741366 |
| 4.75%, 04/15/35 | &nbsp;&nbsp; 4225 | 4116990 |
| 5.25%, 03/15/36 | &nbsp;&nbsp; 4950 | 4953117 |
| 5.50%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2895 | 2978840 |
| American Assets Trust LP, 6.15%, 10/01/34 | &nbsp;&nbsp; 3890 | 3986578 |
| American Homes 4 Rent LP |  |  |
| 2.38%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3493 | 3148618 |
| 3.63%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4146 | 3935333 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 3705 | 3737242 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 3980 | 4110600 |
| 5.50%, 07/15/34 | &nbsp;&nbsp; 3360 | 3469288 |
| American Tower Corp. |  |  |
| 2.30%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6121 | 5503879 |
| 2.70%, 04/15/31 | &nbsp;&nbsp; 5468 | 5077363 |
| 4.05%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4919 | 4848091 |
| 4.70%, 12/15/32 | &nbsp;&nbsp; 2450 | 2478190 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 5680 | 5897958 |
| 5.40%, 01/31/35<sup>(a)</sup> | &nbsp;&nbsp; 4850 | 5050896 |
| 5.45%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4905 | 5134616 |
| 5.55%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5937 | 6269217 |
| 5.65%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5382 | 5719410 |
| 5.90%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5136 | 5541992 |
| Americold Realty Operating Partnership LP |  |  |
| 5.41%, 09/12/34<sup>(a)</sup> | &nbsp;&nbsp; 3445 | 3414475 |
| 5.60%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3105 | 3181022 |
| AvalonBay Communities, Inc. |  |  |
| 2.05%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5680 | 5056372 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 2135 | 2208265 |
| 5.00%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2840 | 2912944 |
| 5.30%, 12/07/33<sup>(a)</sup> | &nbsp;&nbsp; 2470 | 2602061 |
| 5.35%, 06/01/34 | &nbsp;&nbsp; 3060 | 3217183 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Boston Properties LP |  |  |
| 2.45%, 10/01/33 | &nbsp;&nbsp; $6235 | $5154305 |
| 2.55%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 5733 | 5039476 |
| 5.75%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6190 | 6306075 |
| 6.50%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5440 | 5833299 |
| Brixmor Operating Partnership LP |  |  |
| 2.50%, 08/16/31<sup>(a)</sup> | &nbsp;&nbsp; 4365 | 3968327 |
| 4.85%, 02/15/33 | &nbsp;&nbsp; 1120 | 1129871 |
| 5.20%, 04/01/32 | &nbsp;&nbsp; 2980 | 3077895 |
| 5.50%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2860 | 2978285 |
| 5.75%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2775 | 2941672 |
| Broadstone Net Lease LLC |  |  |
| 2.60%, 09/15/31 | &nbsp;&nbsp; 2412 | 2163625 |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 2050 | 2072293 |
| Camden Property Trust |  |  |
| 4.90%, 01/15/34 | &nbsp;&nbsp; 2280 | 2331531 |
| 4.90%, 02/28/36 | &nbsp;&nbsp; 2625 | 2625698 |
| COPT Defense Properties LP |  |  |
| 2.75%, 04/15/31 | &nbsp;&nbsp; 3621 | 3344006 |
| 2.90%, 12/01/33 | &nbsp;&nbsp; 2175 | 1886861 |
| Cousins Properties LP |  |  |
| 4.88%, 03/01/33 | &nbsp;&nbsp; 2035 | 2015388 |
| 5.38%, 02/15/32 | &nbsp;&nbsp; 3150 | 3251980 |
| 5.88%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 3590 | 3760773 |
| Crown Castle, Inc. |  |  |
| 2.10%, 04/01/31 | &nbsp;&nbsp; 6526 | 5821902 |
| 2.50%, 07/15/31 | &nbsp;&nbsp; 5910 | 5341678 |
| 5.10%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp; 4866 | 4959338 |
| 5.20%, 09/01/34<sup>(a)</sup> | &nbsp;&nbsp; 4888 | 4999422 |
| 5.80%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 5425 | 5746191 |
| CubeSmart LP |  |  |
| 2.50%, 02/15/32 | &nbsp;&nbsp; 3375 | 3030391 |
| 5.13%, 11/01/35<sup>(a)</sup> | &nbsp;&nbsp; 3130 | 3188583 |
| DOC DR LLC, 2.63%, 11/01/31 | &nbsp;&nbsp; 3195 | 2904868 |
| EPR Properties, 3.60%, 11/15/31 | &nbsp;&nbsp; 1835 | 1720331 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| 4.70%, 03/15/33 | &nbsp;&nbsp; 7400 | 7427403 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 4942 | 5157245 |
| Equinix, Inc. |  |  |
| 2.50%, 05/15/31 | &nbsp;&nbsp; 6703 | 6117623 |
| 3.90%, 04/15/32 | &nbsp;&nbsp; 7803 | 7557184 |
| ERP Operating LP |  |  |
| 1.85%, 08/01/31<sup>(a)</sup> | &nbsp;&nbsp; 4237 | 3779341 |
| 4.65%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3950 | 3959940 |
| 4.95%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3845 | 3971061 |
| Essential Properties LP |  |  |
| 2.95%, 07/15/31 | &nbsp;&nbsp; 2344 | 2163487 |
| 5.40%, 12/01/35 | &nbsp;&nbsp; 1895 | 1931451 |
| Essex Portfolio LP |  |  |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 2367 | 2167419 |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 5050 | 4554853 |
| 4.88%, 02/15/36 | &nbsp;&nbsp; 2180 | 2152356 |
| 5.38%, 04/01/35 | &nbsp;&nbsp; 3080 | 3186674 |
| 5.50%, 04/01/34 | &nbsp;&nbsp; 3575 | 3728762 |
| Extra Space Storage LP |  |  |
| 2.35%, 03/15/32 | &nbsp;&nbsp; 5340 | 4718375 |
| 2.40%, 10/15/31 | &nbsp;&nbsp; 5174 | 4637728 |
| 2.55%, 06/01/31 | &nbsp;&nbsp; 3360 | 3069751 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 4525 | 4597259 |
| 5.35%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2990 | 3077300 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 4465 | 4605881 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 5.40%, 06/15/35 | &nbsp;&nbsp; $3640 | $3761789 |
| FIBRA Prologis, 5.50%, 11/26/35<sup>(b)</sup> | &nbsp;&nbsp; 3230 | 3273605 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 3.25%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6186 | 5642011 |
| 5.25%, 02/15/33 | &nbsp;&nbsp; 4195 | 4225670 |
| 5.63%, 09/15/34 | &nbsp;&nbsp; 5750 | 5854449 |
| 5.63%, 03/01/36 | &nbsp;&nbsp; 2465 | 2464717 |
| 6.75%, 12/01/33 | &nbsp;&nbsp; 3105 | 3377827 |
| Goodman U.S. Finance Five LLC, 4.63%, <br> 05/04/32<sup>(b)</sup><br>| &nbsp;&nbsp; 3540 | 3553093 |
| Goodman U.S. Finance Six LLC, 5.13%, <br> 10/07/34<sup>(b)</sup><br>| &nbsp;&nbsp; 4310 | 4387334 |
| Healthcare Realty Holdings LP |  |  |
| 2.00%, 03/15/31 | &nbsp;&nbsp; 4862 | 4308953 |
| 2.05%, 03/15/31 | &nbsp;&nbsp; 1880 | 1671372 |
| Healthpeak OP LLC |  |  |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 2105 | 2115595 |
| 5.25%, 12/15/32 | &nbsp;&nbsp; 5204 | 5380491 |
| 5.38%, 02/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3610 | 3724095 |
| Highwoods Realty LP |  |  |
| 5.35%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1950 | 1961701 |
| 7.65%, 02/01/34 | &nbsp;&nbsp; 565 | 644212 |
| Host Hotels & Resorts LP |  |  |
| 5.50%, 04/15/35 | &nbsp;&nbsp; 5185 | 5288767 |
| 5.70%, 06/15/32 | &nbsp;&nbsp; 2430 | 2559917 |
| 5.70%, 07/01/34 | &nbsp;&nbsp; 4170 | 4347483 |
| Series J, 2.90%, 12/15/31 | &nbsp;&nbsp; 3975 | 3630720 |
| Invitation Homes Operating Partnership LP |  |  |
| 2.00%, 08/15/31 | &nbsp;&nbsp; 5874 | 5176944 |
| 2.70%, 01/15/34 | &nbsp;&nbsp; 2810 | 2407126 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 4250 | 4136509 |
| 4.88%, 02/01/35 | &nbsp;&nbsp; 3750 | 3722404 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 3295 | 3318045 |
| 5.50%, 08/15/33 | &nbsp;&nbsp; 2173 | 2245966 |
| Kilroy Realty LP |  |  |
| 2.50%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3405 | 2854825 |
| 2.65%, 11/15/33 | &nbsp;&nbsp; 2750 | 2253412 |
| 5.88%, 10/15/35 | &nbsp;&nbsp; 1700 | 1675856 |
| 6.25%, 01/15/36 | &nbsp;&nbsp; 2830 | 2888831 |
| Kimco Realty OP LLC |  |  |
| 2.25%, 12/01/31<sup>(a)</sup> | &nbsp;&nbsp; 4622 | 4163239 |
| 3.20%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4175 | 3922187 |
| 4.60%, 02/01/33 | &nbsp;&nbsp; 4670 | 4720356 |
| 4.85%, 03/01/35 | &nbsp;&nbsp; 3610 | 3651071 |
| 6.40%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 3478 | 3875468 |
| Kite Realty Group LP |  |  |
| 4.95%, 12/15/31 | &nbsp;&nbsp; 3265 | 3343725 |
| 5.20%, 08/15/32 | &nbsp;&nbsp; 2070 | 2134458 |
| 5.50%, 03/01/34 | &nbsp;&nbsp; 1905 | 1987764 |
| LXP Industrial Trust, 2.38%, 10/01/31 | &nbsp;&nbsp; 2425 | 2152541 |
| Mid-America Apartments LP |  |  |
| 4.65%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2660 | 2676223 |
| 4.95%, 03/01/35 | &nbsp;&nbsp; 2605 | 2642996 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 2300 | 2342713 |
| 5.30%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2990 | 3140182 |
| National Health Investors, Inc., 5.35%, <br> 02/01/33<br>| &nbsp;&nbsp; 1595 | 1613062 |
| NNN REIT, Inc. |  |  |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 3275 | 3423607 |
| 5.60%, 10/15/33 | &nbsp;&nbsp; 3170 | 3342207 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Omega Healthcare Investors, Inc., 3.25%, <br> 04/15/33<sup>(a)</sup><br>| &nbsp;&nbsp; $4682 | $4227739 |
| Phillips Edison Grocery Center Operating <br> Partnership I LP<br>|  |  |
| 2.63%, 11/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2850 | 2588887 |
| 4.95%, 01/15/35 | &nbsp;&nbsp; 2580 | 2580728 |
| 5.25%, 08/15/32 | &nbsp;&nbsp; 2995 | 3100391 |
| 5.75%, 07/15/34 | &nbsp;&nbsp; 2550 | 2699513 |
| Piedmont Operating Partnership LP |  |  |
| 2.75%, 04/01/32 | &nbsp;&nbsp; 1355 | 1180478 |
| 5.63%, 01/15/33 | &nbsp;&nbsp; 1675 | 1683239 |
| Prologis LP |  |  |
| 1.63%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 2265 | 2016528 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 3576 | 3220423 |
| 4.63%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5000 | 5074341 |
| 4.75%, 06/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4275 | 4367000 |
| 5.00%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6125 | 6300422 |
| 5.00%, 01/31/35 | &nbsp;&nbsp; 4580 | 4693122 |
| 5.13%, 01/15/34 | &nbsp;&nbsp; 5278 | 5470796 |
| 5.25%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5220 | 5438343 |
| Prologis Targeted U.S. Logistics Fund LP |  |  |
| 4.63%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 3275 | 3268544 |
| 4.75%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 3335 | 3297253 |
| 5.25%, 01/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3560 | 3670882 |
| 5.50%, 04/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 3395 | 3560836 |
| Public Storage Operating Co. |  |  |
| 2.25%, 11/09/31<sup>(a)</sup> | &nbsp;&nbsp; 4565 | 4135545 |
| 2.30%, 05/01/31 | &nbsp;&nbsp; 4168 | 3824212 |
| 5.00%, 07/01/35<sup>(a)</sup> | &nbsp;&nbsp; 2945 | 3032814 |
| 5.10%, 08/01/33<sup>(a)</sup> | &nbsp;&nbsp; 4190 | 4373999 |
| Rayonier LP, 2.75%, 05/17/31 | &nbsp;&nbsp; 3553 | 3248418 |
| Realty Income Corp. |  |  |
| 1.80%, 03/15/33 | &nbsp;&nbsp; 2695 | 2271344 |
| 2.70%, 02/15/32 | &nbsp;&nbsp; 2471 | 2262800 |
| 2.85%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5030 | 4582964 |
| 4.50%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 2525 | 2530182 |
| 4.90%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4365 | 4478550 |
| 5.13%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5780 | 5991260 |
| 5.13%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 4520 | 4650306 |
| 5.63%, 10/13/32<sup>(a)</sup> | &nbsp;&nbsp; 5550 | 5933355 |
| 5.88%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1480 | 1625486 |
| Regency Centers LP |  |  |
| 4.50%, 03/15/33 | &nbsp;&nbsp; 1180 | 1180410 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 3190 | 3288057 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 2215 | 2264766 |
| 5.25%, 01/15/34 | &nbsp;&nbsp; 2250 | 2335711 |
| Rexford Industrial Realty LP, 2.15%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 5410 | 4802238 |
| Sabra Health Care LP, 3.20%, 12/01/31 | &nbsp;&nbsp; 5053 | 4673050 |
| Safehold GL Holdings LLC |  |  |
| 2.80%, 06/15/31 | &nbsp;&nbsp; 3282 | 3027961 |
| 2.85%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2210 | 2020013 |
| 5.65%, 01/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3040 | 3171097 |
| 6.10%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 2005 | 2164528 |
| Simon Property Group LP |  |  |
| 2.25%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5368 | 4809667 |
| 2.65%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 5470 | 4992604 |
| 4.75%, 09/26/34 | &nbsp;&nbsp; 7021 | 7069442 |
| 5.13%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 5625 | 5760834 |
| 5.50%, 03/08/33<sup>(a)</sup> | &nbsp;&nbsp; 4555 | 4836192 |
| 6.25%, 01/15/34 | &nbsp;&nbsp; 3655 | 4045828 |
| Store Capital LLC, 2.70%, 12/01/31 | &nbsp;&nbsp; 2648 | 2368910 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Sun Communities Operating LP |  |  |
| 2.70%, 07/15/31 | &nbsp;&nbsp; $5714 | $5243751 |
| 4.20%, 04/15/32 | &nbsp;&nbsp; 3985 | 3906918 |
| Tanger Properties LP, 2.75%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp; 2483 | 2271025 |
| Trust 2401 |  |  |
| 7.38%, 02/13/34<sup>(b)</sup> | &nbsp;&nbsp; 130 | 143475 |
| 7.70%, 01/23/32<sup>(b)</sup> | &nbsp;&nbsp; 340 | 374935 |
| Trust Fibra Uno |  |  |
| 7.38%, 02/13/34<sup>(b)</sup> | &nbsp;&nbsp; 2420 | 2650142 |
| 7.70%, 01/23/32<sup>(b)</sup> | &nbsp;&nbsp; 2485 | 2716851 |
| UDR, Inc. |  |  |
| 1.90%, 03/15/33 | &nbsp;&nbsp; 2200 | 1844326 |
| 2.10%, 08/01/32 | &nbsp;&nbsp; 2210 | 1923303 |
| 2.10%, 06/15/33 | &nbsp;&nbsp; 2140 | 1806401 |
| 3.00%, 08/15/31 | &nbsp;&nbsp; 5262 | 4932916 |
| 3.10%, 11/01/34 | &nbsp;&nbsp; 2110 | 1851753 |
| 5.13%, 09/01/34 | &nbsp;&nbsp; 2180 | 2226696 |
| Ventas Realty LP |  |  |
| 2.50%, 09/01/31 | &nbsp;&nbsp; 4132 | 3759803 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 3840 | 3876892 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 2535 | 2534493 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 3905 | 4037196 |
| 5.63%, 07/01/34 | &nbsp;&nbsp; 3085 | 3252238 |
| VICI Properties LP |  |  |
| 5.13%, 11/15/31 | &nbsp;&nbsp; 5710 | 5813571 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 10293 | 10440523 |
| 5.63%, 04/01/35 | &nbsp;&nbsp; 6680 | 6874251 |
| 5.75%, 04/01/34 | &nbsp;&nbsp; 4170 | 4332096 |
| Welltower OP LLC |  |  |
| 2.75%, 01/15/32 | &nbsp;&nbsp; 3905 | 3605405 |
| 2.80%, 06/01/31 | &nbsp;&nbsp; 5393 | 5047127 |
| 3.85%, 06/15/32<sup>(a)</sup> | &nbsp;&nbsp; 4270 | 4179230 |
| 5.13%, 07/01/35<sup>(a)</sup> | &nbsp;&nbsp; 8350 | 8610987 |
| Weyerhaeuser Co. |  |  |
| 3.38%, 03/09/33<sup>(a)</sup> | &nbsp;&nbsp; 3680 | 3410989 |
| 6.88%, 12/15/33 | &nbsp;&nbsp; 710 | 797864 |
| 7.38%, 03/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5175 | 5929375 |
| WP Carey, Inc. |  |  |
| 2.25%, 04/01/33 | &nbsp;&nbsp; 1922 | 1640584 |
| 2.45%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 3256 | 2913751 |
| 5.38%, 06/30/34<sup>(a)</sup> | &nbsp;&nbsp; 2655 | 2758933 |
|  |  | 770172012 |
| **Retail — 1.9%** | **Retail — 1.9%** | **Retail — 1.9%** |
| Alimentation Couche-Tard, Inc. |  |  |
| 5.08%, 09/29/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3200 | 3249815 |
| 5.27%, 02/12/34<sup>(b)</sup> | &nbsp;&nbsp; 5710 | 5923492 |
| Arcos Dorados BV, 6.38%, 01/29/32<sup>(b)</sup> | &nbsp;&nbsp; 3770 | 4008943 |
| AutoNation, Inc. |  |  |
| 2.40%, 08/01/31 | &nbsp;&nbsp; 3727 | 3349151 |
| 3.85%, 03/01/32<sup>(a)</sup> | &nbsp;&nbsp; 4961 | 4734193 |
| 5.89%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3385 | 3532849 |
| AutoZone, Inc. |  |  |
| 4.75%, 08/01/32 | &nbsp;&nbsp; 5280 | 5358981 |
| 4.75%, 02/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3785 | 3830582 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 2210 | 2294285 |
| 5.40%, 07/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5000 | 5224578 |
| 6.55%, 11/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3110 | 3478971 |
| CK Hutchison International 24 II Ltd., 4.75%, <br> 09/13/34<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3415 | 3448849 |
| CK Hutchison International 24 Ltd., 5.50%, <br> 04/26/34<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 6758 | 7156652 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Costco Wholesale Corp., 1.75%, 04/20/32 | &nbsp;&nbsp; $6914 | $6080892 |
| Darden Restaurants, Inc., 6.30%, 10/10/33<sup>(a)</sup> | &nbsp;&nbsp; 3540 | 3890724 |
| Dick's Sporting Goods, Inc., 3.15%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5149 | 4789940 |
| Dollar General Corp. |  |  |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 4432 | 4547102 |
| 5.45%, 07/05/33 | &nbsp;&nbsp; 6205 | 6517978 |
| Dollar Tree, Inc., 2.65%, 12/01/31 | &nbsp;&nbsp; 5541 | 5063612 |
| El Puerto de Liverpool SAB de CV, 6.26%, <br> 01/22/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3125 | 3325673 |
| Ferguson Enterprises, Inc. |  |  |
| 4.35%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3150 | 3159707 |
| 5.00%, 10/03/34 | &nbsp;&nbsp; 5235 | 5318265 |
| Genuine Parts Co. |  |  |
| 2.75%, 02/01/32 | &nbsp;&nbsp; 3523 | 3125956 |
| 6.88%, 11/01/33<sup>(a)</sup> | &nbsp;&nbsp; 2638 | 2918378 |
| Home Depot, Inc.(The) |  |  |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 8182 | 7205354 |
| 1.88%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp; 7522 | 6713651 |
| 3.25%, 04/15/32 | &nbsp;&nbsp; 8251 | 7871190 |
| 4.50%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 8927 | 9114280 |
| 4.65%, 09/15/35 | &nbsp;&nbsp; 7305 | 7313202 |
| 4.85%, 06/25/31<sup>(a)</sup> | &nbsp;&nbsp; 6945 | 7236915 |
| 4.95%, 06/25/34<sup>(a)</sup> | &nbsp;&nbsp; 12091 | 12496809 |
| Lowe's Companies, Inc. |  |  |
| 2.63%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp; 10032 | 9304924 |
| 3.75%, 04/01/32 | &nbsp;&nbsp; 10257 | 9936305 |
| 5.00%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 8405 | 8676003 |
| 5.15%, 07/01/33<sup>(a)</sup> | &nbsp;&nbsp; 7156 | 7431257 |
| 5.50%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 2410 | 2542146 |
| Lowe's Cos., Inc. |  |  |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 6264 | 6284992 |
| 4.50%, 10/15/32 | &nbsp;&nbsp; 9080 | 9119877 |
| 4.85%, 10/15/35 | &nbsp;&nbsp; 7805 | 7810017 |
| McDonald's Corp. |  |  |
| 4.60%, 09/09/32<sup>(a)</sup> | &nbsp;&nbsp; 5331 | 5474195 |
| 4.70%, 12/09/35<sup>(a)</sup> | &nbsp;&nbsp; 1815 | 1835600 |
| 4.95%, 08/14/33<sup>(a)</sup> | &nbsp;&nbsp; 3803 | 3960358 |
| 4.95%, 03/03/35 | &nbsp;&nbsp; 6365 | 6524804 |
| 5.00%, 02/13/36 | &nbsp;&nbsp; 2325 | 2382210 |
| 5.20%, 05/17/34<sup>(a)</sup> | &nbsp;&nbsp; 3617 | 3797327 |
| O'Reilly Automotive, Inc. |  |  |
| 1.75%, 03/15/31 | &nbsp;&nbsp; 3208 | 2849347 |
| 4.70%, 06/15/32 | &nbsp;&nbsp; 5720 | 5823278 |
| 5.00%, 08/19/34 | &nbsp;&nbsp; 3315 | 3370483 |
| Ross Stores, Inc., 1.88%, 04/15/31 | &nbsp;&nbsp; 3274 | 2919324 |
| Starbucks Corp. |  |  |
| 3.00%, 02/14/32<sup>(a)</sup> | &nbsp;&nbsp; 6517 | 6085238 |
| 4.80%, 02/15/33 | &nbsp;&nbsp; 3668 | 3761935 |
| 5.00%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3840 | 3966043 |
| 5.40%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3395 | 3579181 |
| Target Corp. |  |  |
| 4.40%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 3488 | 3537050 |
| 4.50%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6913 | 7073533 |
| 4.50%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5280 | 5277630 |
| 5.00%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6890 | 7072463 |
| 5.25%, 02/15/36 | &nbsp;&nbsp; 100 | 103926 |
| 6.35%, 11/01/32 | &nbsp;&nbsp; 2000 | 2242143 |
| TJX Companies, Inc. (The), 1.60%, 05/15/31 | &nbsp;&nbsp; 3357 | 2989973 |
| Tractor Supply Co., 5.25%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4830 | 5019550 |
| Walmart, Inc. |  |  |
| 4.10%, 04/15/33 | &nbsp;&nbsp; 10436 | 10508864 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 4.15%, 09/09/32<sup>(a)</sup> | &nbsp;&nbsp; $8325 | $8445828 |
| 4.90%, 04/28/35<sup>(a)</sup> | &nbsp;&nbsp; 10415 | 10806990 |
| 5.25%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 7675 | 8198787 |
|  |  | 350992550 |
| **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** |
| Nationwide Building Society, 5.54%, 07/14/36, <br> (1-day SOFR + 1.65%)<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 6385 | 6629749 |
| **Semiconductors — 2.7%** | **Semiconductors — 2.7%** | **Semiconductors — 2.7%** |
| Advanced Micro Devices, Inc., 3.92%, <br> 06/01/32<sup>(a)</sup><br>| &nbsp;&nbsp; 3261 | 3233788 |
| Analog Devices, Inc. |  |  |
| 2.10%, 10/01/31 | &nbsp;&nbsp; 7537 | 6784967 |
| 4.25%, 10/01/32 | &nbsp;&nbsp; 215 | 218428 |
| 5.05%, 04/01/34 | &nbsp;&nbsp; 4025 | 4208289 |
| Applied Materials, Inc. |  |  |
| 4.60%, 01/15/36 | &nbsp;&nbsp; 3380 | 3364915 |
| 5.10%, 10/01/35<sup>(a)</sup> | &nbsp;&nbsp; 720 | 749322 |
| Broadcom, Inc. |  |  |
| 2.60%, 02/15/33 | &nbsp;&nbsp; 12458 | 11089935 |
| 3.14%, 11/15/35<sup>(b)</sup> | &nbsp;&nbsp; 7964 | 6963359 |
| 3.42%, 04/15/33<sup>(a)</sup> | &nbsp;&nbsp; 15857 | 14852433 |
| 3.47%, 04/15/34 | &nbsp;&nbsp; 23445 | 21693888 |
| 4.15%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 9812 | 9715871 |
| 4.30%, 11/15/32 | &nbsp;&nbsp; 14727 | 14676029 |
| 4.55%, 02/15/32 | &nbsp;&nbsp; 8095 | 8204328 |
| 4.60%, 01/15/33 | &nbsp;&nbsp; 8165 | 8253437 |
| 4.80%, 10/15/34 | &nbsp;&nbsp; 11930 | 12062647 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 15500 | 15538267 |
| 4.90%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 13155 | 13549274 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 8865 | 8994864 |
| 5.15%, 11/15/31 | &nbsp;&nbsp; 13525 | 14162033 |
| 5.20%, 04/15/32 | &nbsp;&nbsp; 9147 | 9567342 |
| 5.20%, 07/15/35 | &nbsp;&nbsp; 18220 | 18830609 |
| Foundry JV Holdco LLC |  |  |
| 5.88%, 01/25/34<sup>(b)</sup> | &nbsp;&nbsp; 9830 | 10263521 |
| 5.90%, 01/25/33<sup>(b)</sup> | &nbsp;&nbsp; 10205 | 10813075 |
| 6.10%, 01/25/36<sup>(b)</sup> | &nbsp;&nbsp; 7760 | 8284818 |
| 6.15%, 01/25/32<sup>(b)</sup> | &nbsp;&nbsp; 10105 | 10839331 |
| 6.25%, 01/25/35<sup>(b)</sup> | &nbsp;&nbsp; 9640 | 10379239 |
| Intel Corp. |  |  |
| 2.00%, 08/12/31 | &nbsp;&nbsp; 9497 | 8416225 |
| 4.00%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5696 | 5507992 |
| 4.15%, 08/05/32 | &nbsp;&nbsp; 8855 | 8663427 |
| 5.15%, 02/21/34<sup>(a)</sup> | &nbsp;&nbsp; 6271 | 6414117 |
| 5.20%, 02/10/33<sup>(a)</sup> | &nbsp;&nbsp; 15390 | 15867904 |
| KLA Corp. |  |  |
| 4.65%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 6822 | 6996311 |
| 4.70%, 02/01/34<sup>(a)</sup> | &nbsp;&nbsp; 3460 | 3512769 |
| 5.65%, 11/01/34 | &nbsp;&nbsp; 963 | 1032612 |
| Marvell Technology, Inc. |  |  |
| 2.95%, 04/15/31 | &nbsp;&nbsp; 5005 | 4678031 |
| 5.45%, 07/15/35 | &nbsp;&nbsp; 3100 | 3227208 |
| 5.95%, 09/15/33 | &nbsp;&nbsp; 3495 | 3754781 |
| Micron Technology, Inc. |  |  |
| 2.70%, 04/15/32 | &nbsp;&nbsp; 6592 | 6026650 |
| 5.65%, 11/01/32 | &nbsp;&nbsp; 3895 | 4151698 |
| 5.80%, 01/15/35 | &nbsp;&nbsp; 6782 | 7262905 |
| 5.88%, 02/09/33 | &nbsp;&nbsp; 5180 | 5578876 |
| 5.88%, 09/15/33 | &nbsp;&nbsp; 6557 | 7053990 |
| 6.05%, 11/01/35 | &nbsp;&nbsp; 6905 | 7500772 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| NVIDIA Corp., 2.00%, 06/15/31 | &nbsp;&nbsp; $8352 | $7613587 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 2.50%, 05/11/31 | &nbsp;&nbsp; 6817 | 6243629 |
| 2.65%, 02/15/32 | &nbsp;&nbsp; 7353 | 6642457 |
| 4.85%, 08/19/32 | &nbsp;&nbsp; 2155 | 2192345 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 6896 | 7057598 |
| 5.25%, 08/19/35<sup>(a)</sup> | &nbsp;&nbsp; 4880 | 4984912 |
| Qorvo, Inc., 3.38%, 04/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4525 | 4170342 |
| QUALCOMM, Inc. |  |  |
| 1.65%, 05/20/32<sup>(a)</sup> | &nbsp;&nbsp; 8092 | 6995070 |
| 4.25%, 05/20/32 | &nbsp;&nbsp; 3460 | 3482626 |
| 4.65%, 05/20/35<sup>(a)</sup> | &nbsp;&nbsp; 6686 | 6757173 |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 2815 | 2893571 |
| 5.00%, 05/20/35<sup>(a)</sup> | &nbsp;&nbsp; 3960 | 4062900 |
| 5.40%, 05/20/33<sup>(a)</sup> | &nbsp;&nbsp; 4568 | 4871445 |
| SK Hynix, Inc., 6.50%, 01/17/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 4820 | 5426678 |
| Skyworks Solutions, Inc., 3.00%, 06/01/31 | &nbsp;&nbsp; 3509 | 3195044 |
| Texas Instruments, Inc. |  |  |
| 1.90%, 09/15/31 | &nbsp;&nbsp; 3940 | 3539900 |
| 3.65%, 08/16/32<sup>(a)</sup> | &nbsp;&nbsp; 2523 | 2453807 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 3860 | 3986226 |
| 4.90%, 03/14/33<sup>(a)</sup> | &nbsp;&nbsp; 6675 | 6934628 |
| 5.10%, 05/23/35 | &nbsp;&nbsp; 4209 | 4382514 |
| TSMC Arizona Corp. |  |  |
| 2.50%, 10/25/31 | &nbsp;&nbsp; 9489 | 8785606 |
| 4.25%, 04/22/32<sup>(a)</sup> | &nbsp;&nbsp; 6625 | 6714803 |
| TSMC Global Ltd. |  |  |
| 2.25%, 04/23/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 9075 | 8351970 |
| 4.63%, 07/22/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 2550 | 2638192 |
|  |  | 487317300 |
| **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** |
| Huntington Ingalls Industries, Inc., 5.75%, <br> 01/15/35<sup>(a)</sup><br>| &nbsp;&nbsp; 3605 | 3856223 |
| **Software — 2.3%** | **Software — 2.3%** | **Software — 2.3%** |
| Adobe, Inc. |  |  |
| 4.95%, 04/04/34<sup>(a)</sup> | &nbsp;&nbsp; 5135 | 5266038 |
| 5.30%, 01/17/35<sup>(a)</sup> | &nbsp;&nbsp; 2250 | 2354153 |
| Atlassian Corp., 5.50%, 05/15/34 | &nbsp;&nbsp; 3230 | 3223644 |
| Autodesk, Inc. |  |  |
| 2.40%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp; 6907 | 6192593 |
| 5.30%, 06/15/35 | &nbsp;&nbsp; 3310 | 3391425 |
| Broadridge Financial Solutions, Inc., 2.60%, <br> 05/01/31<br>| &nbsp;&nbsp; 6557 | 5944131 |
| Cadence Design Systems, Inc., 4.70%, <br> 09/10/34<br>| &nbsp;&nbsp; 5935 | 5986465 |
| Concentrix Corp., 6.85%, 08/02/33<sup>(a)</sup> | &nbsp;&nbsp; 3598 | 3459629 |
| Constellation Software, Inc./Canada, 5.46%, <br> 02/16/34<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 3515 | 3503671 |
| Fidelity National Information Services, Inc. |  |  |
| 2.25%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 3370 | 3037241 |
| 5.10%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp; 5098 | 5187805 |
| Fiserv, Inc. |  |  |
| 5.15%, 08/12/34<sup>(a)</sup> | &nbsp;&nbsp; 6425 | 6406232 |
| 5.25%, 08/11/35<sup>(a)</sup> | &nbsp;&nbsp; 7770 | 7773231 |
| 5.35%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; 3160 | 3252938 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 5335 | 5439438 |
| 5.60%, 03/02/33<sup>(a)</sup> | &nbsp;&nbsp; 6101 | 6310399 |
| 5.63%, 08/21/33<sup>(a)</sup> | &nbsp;&nbsp; 9960 | 10309012 |
| Intuit, Inc., 5.20%, 09/15/33 | &nbsp;&nbsp; 7911 | 8204308 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Microsoft Corp. |  |  |
| 3.50%, 02/12/35<sup>(a)</sup> | &nbsp;&nbsp; $9988 | $9492584 |
| 4.20%, 11/03/35<sup>(a)</sup> | &nbsp;&nbsp; 165 | 166010 |
| MSCI, Inc. |  |  |
| 3.25%, 08/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 5832 | 5193306 |
| 3.63%, 11/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5815 | 5466688 |
| 5.25%, 09/01/35<sup>(a)</sup> | &nbsp;&nbsp; 8195 | 8205339 |
| Oracle Corp. |  |  |
| 2.88%, 03/25/31 | &nbsp;&nbsp; 21174 | 19244454 |
| 3.90%, 05/15/35 | &nbsp;&nbsp; 11175 | 9806397 |
| 4.30%, 07/08/34<sup>(a)</sup> | &nbsp;&nbsp; 13702 | 12562514 |
| 4.70%, 09/27/34<sup>(a)</sup> | &nbsp;&nbsp; 18183 | 17087635 |
| 4.80%, 09/26/32 | &nbsp;&nbsp; 20440 | 19972440 |
| 4.90%, 02/06/33 | &nbsp;&nbsp; 10705 | 10465124 |
| 5.20%, 09/26/35 | &nbsp;&nbsp; 21495 | 20771755 |
| 5.25%, 02/03/32 | &nbsp;&nbsp; 11350 | 11394083 |
| 5.35%, 05/04/33 | &nbsp;&nbsp; 23350 | 23428714 |
| 5.50%, 08/03/35<sup>(a)</sup> | &nbsp;&nbsp; 9045 | 8941286 |
| 5.70%, 02/04/36 | &nbsp;&nbsp; 26925 | 26940080 |
| 6.25%, 11/09/32<sup>(a)</sup> | &nbsp;&nbsp; 16645 | 17575820 |
| Paychex, Inc. |  |  |
| 5.35%, 04/15/32 | &nbsp;&nbsp; 10490 | 10758051 |
| 5.60%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 8035 | 8237046 |
| Roper Technologies, Inc. |  |  |
| 4.75%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3495 | 3525986 |
| 4.90%, 10/15/34<sup>(a)</sup> | &nbsp;&nbsp; 6975 | 6932929 |
| 5.10%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6585 | 6573522 |
| Salesforce, Inc., 1.95%, 07/15/31<sup>(a)</sup> | &nbsp;&nbsp; 10461 | 9302574 |
| Synopsys, Inc. |  |  |
| 5.00%, 04/01/32 | &nbsp;&nbsp; 10600 | 10929295 |
| 5.15%, 04/01/35 | &nbsp;&nbsp; 16140 | 16529029 |
| Take-Two Interactive Software, Inc. |  |  |
| 4.00%, 04/14/32<sup>(a)</sup> | &nbsp;&nbsp; 3133 | 3057938 |
| 5.60%, 06/12/34<sup>(a)</sup> | &nbsp;&nbsp; 2405 | 2506073 |
| VMware LLC, 2.20%, 08/15/31<sup>(a)</sup> | &nbsp;&nbsp; 10434 | 9347398 |
| Workday, Inc., 3.80%, 04/01/32<sup>(a)</sup> | &nbsp;&nbsp; 8340 | 7911073 |
|  |  | 417567496 |
| **Telecommunications — 3.7%** | **Telecommunications — 3.7%** | **Telecommunications — 3.7%** |
| America Movil SAB de CV |  |  |
| 4.70%, 07/21/32<sup>(a)</sup> | &nbsp;&nbsp; 5650 | 5745101 |
| 5.00%, 01/20/33 | &nbsp;&nbsp; 640 | 657165 |
| 6.38%, 03/01/35 | &nbsp;&nbsp; 6310 | 7078002 |
| AT&T, Inc. |  |  |
| 2.25%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 17609 | 15726615 |
| 2.55%, 12/01/33 | &nbsp;&nbsp; 25933 | 22490983 |
| 2.75%, 06/01/31 | &nbsp;&nbsp; 20431 | 19036840 |
| 4.50%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 18334 | 17867584 |
| 4.55%, 11/01/32<sup>(a)</sup> | &nbsp;&nbsp; 8000 | 8052021 |
| 4.75%, 04/30/33<sup>(a)</sup> | &nbsp;&nbsp; 7040 | 7136112 |
| 4.90%, 11/01/35<sup>(a)</sup> | &nbsp;&nbsp; 11165 | 11186913 |
| 5.38%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 9460 | 9826011 |
| 5.40%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 19237 | 20163227 |
| 6.15%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 870 | 945819 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 5.10%, 05/11/33<sup>(a)</sup> | &nbsp;&nbsp; 6145 | 6321280 |
| 5.20%, 02/15/34<sup>(a)</sup> | &nbsp;&nbsp; 4785 | 4928520 |
| Series US-5, 2.15%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 2604 | 2293813 |
| Bharti Airtel Ltd., 3.25%, 06/03/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 3090 | 2960431 |
| Cisco Systems, Inc. |  |  |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 7600 | 7915279 |
| 5.05%, 02/26/34 | &nbsp;&nbsp; 16685 | 17317771 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.10%, 02/24/35 | &nbsp;&nbsp; $8325 | $8640493 |
| Deutsche Telekom International Finance BV, <br> 9.25%, 06/01/32<br>| &nbsp;&nbsp; 3160 | 3982260 |
| Empresa Nacional de Telecomunicaciones SA, <br> 3.05%, 09/14/32<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 2640 | 2365119 |
| Motorola Solutions, Inc. |  |  |
| 2.75%, 05/24/31<sup>(a)</sup> | &nbsp;&nbsp; 6197 | 5746355 |
| 5.20%, 08/15/32<sup>(a)</sup> | &nbsp;&nbsp; 3010 | 3142588 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 6658 | 6959090 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 5790 | 6097348 |
| 5.60%, 06/01/32 | &nbsp;&nbsp; 4542 | 4823729 |
| NBN Co. Ltd. |  |  |
| 2.50%, 01/08/32<sup>(a)(b)</sup> | &nbsp;&nbsp; 5120 | 4695003 |
| 2.63%, 05/05/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 9178 | 8548285 |
| 6.00%, 10/06/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 3490 | 3843052 |
| NTT Finance Corp. |  |  |
| 2.07%, 04/03/31<sup>(b)</sup> | &nbsp;&nbsp; 6399 | 5758244 |
| 5.14%, 07/02/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 5675 | 5895721 |
| 5.17%, 07/16/32<sup>(b)</sup> | &nbsp;&nbsp; 17685 | 18283510 |
| 5.50%, 07/16/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 15925 | 16637778 |
| Ooredoo International Finance Ltd. |  |  |
| 2.63%, 04/08/31<sup>(b)</sup> | &nbsp;&nbsp; 9995 | 9305895 |
| 4.63%, 10/10/34<sup>(a)(b)</sup> | &nbsp;&nbsp; 2000 | 2027700 |
| Orange SA |  |  |
| 4.75%, 01/13/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 9245 | 9352808 |
| 5.00%, 01/13/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 13305 | 13363504 |
| 9.00%, 03/01/31 | &nbsp;&nbsp; 15966 | 19261951 |
| Rogers Communications, Inc. |  |  |
| 3.80%, 03/15/32 | &nbsp;&nbsp; 13417 | 12842558 |
| 5.30%, 02/15/34 | &nbsp;&nbsp; 8900 | 9095342 |
| SoftBank Corp., 5.33%, 07/09/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 3215 | 3273825 |
| Sprint Capital Corp., 8.75%, 03/15/32 | &nbsp;&nbsp; 13236 | 16179195 |
| STC Sukuk Co. II Ltd., 5.08%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 8000 | 8112592 |
| TELUS Corp., 3.40%, 05/13/32<sup>(a)</sup> | &nbsp;&nbsp; 5777 | 5401583 |
| T-Mobile USA, Inc. |  |  |
| 2.25%, 11/15/31 | &nbsp;&nbsp; 8792 | 7895581 |
| 2.70%, 03/15/32 | &nbsp;&nbsp; 7062 | 6433615 |
| 3.50%, 04/15/31 | &nbsp;&nbsp; 17994 | 17383389 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 5465 | 5504460 |
| 4.70%, 01/15/35 | &nbsp;&nbsp; 7320 | 7280195 |
| 4.95%, 11/15/35 | &nbsp;&nbsp; 6415 | 6474007 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 8060 | 8111748 |
| 5.05%, 07/15/33 | &nbsp;&nbsp; 18042 | 18610835 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 7475 | 7764694 |
| 5.15%, 04/15/34<sup>(a)</sup> | &nbsp;&nbsp; 9455 | 9770541 |
| 5.20%, 01/15/33 | &nbsp;&nbsp; 9246 | 9626003 |
| 5.30%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6540 | 6772810 |
| 5.75%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 7434 | 7946798 |
| 6.70%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2945 | 3332772 |
| Verizon Communications, Inc. |  |  |
| 2.36%, 03/15/32 | &nbsp;&nbsp; 30700 | 27414827 |
| 4.27%, 01/15/36 | &nbsp;&nbsp; 5570 | 5296683 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 13134 | 12873618 |
| 4.50%, 08/10/33<sup>(a)</sup> | &nbsp;&nbsp; 17089 | 17045741 |
| 4.75%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 11775 | 11941554 |
| 4.78%, 02/15/35 | &nbsp;&nbsp; 17414 | 17338708 |
| 5.00%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 20015 | 20103493 |
| 5.05%, 05/09/33<sup>(a)</sup> | &nbsp;&nbsp; 7094 | 7358312 |
| 5.25%, 04/02/35 | &nbsp;&nbsp; 16699 | 17193777 |
| 5.85%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 3270 | 3539067 |
| 6.40%, 09/15/33<sup>(a)</sup> | &nbsp;&nbsp; 2194 | 2449045 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Vodafone Group PLC, 6.25%, 11/30/32 | &nbsp;&nbsp; $3130 | $3441230 |
| Xiaomi Best Time International Ltd., 2.88%, <br> 07/14/31<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 5340 | 4993530 |
|  |  | 675182048 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro, Inc., 6.05%, 05/14/34<sup>(a)</sup> | &nbsp;&nbsp; 3130 | 3360939 |
| **Transportation — 1.0%** | **Transportation — 1.0%** | **Transportation — 1.0%** |
| AP Moller - Maersk A/S, 5.88%, 09/14/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 5298 | 5705526 |
| Canadian National Railway Co. |  |  |
| 3.85%, 08/05/32 | &nbsp;&nbsp; 6260 | 6132853 |
| 4.20%, 03/12/31<sup>(a)</sup> | &nbsp;&nbsp; 1725 | 1736073 |
| 4.38%, 09/18/34<sup>(a)</sup> | &nbsp;&nbsp; 5160 | 5135702 |
| 4.75%, 11/12/35<sup>(a)</sup> | &nbsp;&nbsp; 2680 | 2721466 |
| 5.85%, 11/01/33 | &nbsp;&nbsp; 3125 | 3403439 |
| 6.25%, 08/01/34 | &nbsp;&nbsp; 3480 | 3888596 |
| Canadian Pacific Railway Co. |  |  |
| 2.45%, 12/02/31 | &nbsp;&nbsp; 11387 | 10365826 |
| 4.80%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 1475 | 1499074 |
| 5.20%, 03/30/35<sup>(a)</sup> | &nbsp;&nbsp; 4435 | 4651415 |
| 5.75%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 1733 | 1849536 |
| 7.13%, 10/15/31 | &nbsp;&nbsp; 3512 | 4021390 |
| CSX Corp. |  |  |
| 4.10%, 11/15/32<sup>(a)</sup> | &nbsp;&nbsp; 7898 | 7870990 |
| 5.05%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6315 | 6513770 |
| 5.20%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 4950 | 5202632 |
| FedEx Corp. |  |  |
| 2.40%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5823 | 5353757 |
| 3.90%, 02/01/35 | &nbsp;&nbsp; 2625 | 2505596 |
| 4.90%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 2400 | 2452798 |
| GXO Logistics, Inc. |  |  |
| 2.65%, 07/15/31 | &nbsp;&nbsp; 3374 | 3086587 |
| 6.50%, 05/06/34<sup>(a)</sup> | &nbsp;&nbsp; 3780 | 4114561 |
| Nakilat, Inc., 6.07%, 12/31/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 1990 | 2103782 |
| Norfolk Southern Corp. |  |  |
| 2.30%, 05/15/31 | &nbsp;&nbsp; 4071 | 3715406 |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 5230 | 4884375 |
| 4.45%, 03/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3648 | 3671932 |
| 5.10%, 05/01/35 | &nbsp;&nbsp; 3305 | 3416167 |
| 5.55%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp; 3380 | 3597800 |
| Ryder System, Inc., 6.60%, 12/01/33<sup>(a)</sup> | &nbsp;&nbsp; 3890 | 4387394 |
| TTX Co. |  |  |
| 5.05%, 11/15/34<sup>(b)</sup> | &nbsp;&nbsp; 2825 | 2926587 |
| 5.75%, 11/22/33<sup>(a)(b)</sup> | &nbsp;&nbsp; 2675 | 2865099 |
| Union Pacific Corp. |  |  |
| 2.38%, 05/20/31 | &nbsp;&nbsp; 7318 | 6763028 |
| 2.80%, 02/14/32<sup>(a)</sup> | &nbsp;&nbsp; 10055 | 9358391 |
| 3.38%, 02/01/35 | &nbsp;&nbsp; 1783 | 1635274 |
| 4.50%, 01/20/33<sup>(a)</sup> | &nbsp;&nbsp; 6560 | 6695812 |
| 5.10%, 02/20/35<sup>(a)</sup> | &nbsp;&nbsp; 6955 | 7254324 |
| United Parcel Service, Inc. |  |  |
| 4.88%, 03/03/33<sup>(a)</sup> | &nbsp;&nbsp; 6808 | 7100099 |
| 5.15%, 05/22/34<sup>(a)</sup> | &nbsp;&nbsp; 6580 | 6928340 |
| 5.25%, 05/14/35<sup>(a)</sup> | &nbsp;&nbsp; 8645 | 9085618 |
| Walmart, Inc., 1.80%, 09/22/31<sup>(a)</sup> | &nbsp;&nbsp; 14123 | 12734841 |
|  |  | 187335856 |
| **Trucking & Leasing — 0.2%** | **Trucking & Leasing — 0.2%** | **Trucking & Leasing — 0.2%** |
| DAE Funding LLC, 4.95%, 01/15/33<sup>(b)</sup> | &nbsp;&nbsp; 4000 | 3976220 |
| GATX Corp. |  |  |
| 1.90%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 2542 | 2258854 |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 2851 | 2698744 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Trucking & Leasing (continued)** | **Trucking & Leasing (continued)** | **Trucking & Leasing (continued)** |
| 4.90%, 03/15/33 | &nbsp;&nbsp; $2637 | $2677416 |
| 5.45%, 09/15/33 | &nbsp;&nbsp; 2805 | 2942415 |
| 5.50%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 6065 | 6302078 |
| 6.05%, 03/15/34 | &nbsp;&nbsp; 3321 | 3605797 |
| 6.90%, 05/01/34 | &nbsp;&nbsp; 2780 | 3146128 |
| SMBC Aviation Capital Finance DAC |  |  |
| 5.25%, 11/26/35<sup>(a)(b)</sup> | &nbsp;&nbsp; 4375 | 4450640 |
| 5.55%, 04/03/34<sup>(b)</sup> | &nbsp;&nbsp; 5965 | 6237048 |
| 5.70%, 07/25/33<sup>(b)</sup> | &nbsp;&nbsp; 6598 | 6973696 |
|  |  | 45269036 |
| **Water — 0.2%** | **Water — 0.2%** | **Water — 0.2%** |
| American Water Capital Corp. |  |  |
| 2.30%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp; 3860 | 3531175 |
| 4.45%, 06/01/32<sup>(a)</sup> | &nbsp;&nbsp; 7010 | 7077391 |
| 5.15%, 03/01/34 | &nbsp;&nbsp; 4760 | 4949647 |
| 5.25%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 5715 | 5938314 |
| Essential Utilities, Inc. |  |  |
| 2.40%, 05/01/31 | &nbsp;&nbsp; 4458 | 4072798 |
| 5.25%, 08/15/35 | &nbsp;&nbsp; 3820 | 3918225 |
| 5.38%, 01/15/34 | &nbsp;&nbsp; 3320 | 3456903 |
|  |  | 32944453 |
| **Total Corporate Bonds & Notes — 98.3%** <br>**(Cost: $17,699,969,402)** | **Total Corporate Bonds & Notes — 98.3%** <br>**(Cost: $17,699,969,402)** | 17980066874 |
| **Foreign Government Obligations** | **Foreign Government Obligations** | **Foreign Government Obligations** |
| **South Korea — 0.1%** | **South Korea — 0.1%** | **South Korea — 0.1%** |
| Korea Electric Power Corp., 5.13%, 04/23/34<sup>(b)</sup> | &nbsp;&nbsp; 100 | 105475 |
| Korea Gas Corp., 2.00%, 07/13/31<sup>(a)(b)</sup> | &nbsp;&nbsp; 4625 | 4203770 |
| Korea National Oil Corp. |  |  |
| 2.38%, 04/07/31<sup>(b)</sup> | &nbsp;&nbsp; 1900 | 1758636 |
| 2.63%, 04/18/32<sup>(b)</sup> | &nbsp;&nbsp; 3195 | 2930289 |
|  |  | 8998170 |
| **Total Foreign Government Obligations — 0.1%** <br>**(Cost: $9,190,591)** | **Total Foreign Government Obligations — 0.1%** <br>**(Cost: $9,190,591)** | 8998170 |
| **Total Long-Term Investments — 98.4%** <br>**(Cost: $17,709,159,993)** | **Total Long-Term Investments — 98.4%** <br>**(Cost: $17,709,159,993)** | 17989065044 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 12.6%** | **Money Market Funds — 12.6%** | **Money Market Funds — 12.6%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(e)(f)(g)</sup><br>| &nbsp;&nbsp; 2298979024 | 2300128514 |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(e)(f)</sup><br>| &nbsp;&nbsp; 9550000 | 9550000 |
| **Total Short-Term Securities — 12.6%** <br>**(Cost: $2,308,967,325)** | **Total Short-Term Securities — 12.6%** <br>**(Cost: $2,308,967,325)** | 2309678514 |
| **Total Investments — 111.0%** <br>**(Cost: $20,018,127,318)** | **Total Investments — 111.0%** <br>**(Cost: $20,018,127,318)** | 20298743558 |
| **Liabilities in Excess of Other Assets — (11.0)%** | **Liabilities in Excess of Other Assets — (11.0)%** | (2006624070)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $18292119488 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 5-10 Year Investment Grade Corporate Bond ETF**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

<sup>(d)</sup> Perpetual security with no stated maturity date.

<sup>(e)</sup> Affiliate of the Fund.

<sup>(f)</sup> Annualized 7-day yield as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(g)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institu-<br> tional, SL Agency Shares<br>| $1988022906 | $312105449 <br><sup>(a)</sup><br>| $— | &nbsp;&nbsp; $(19023)<br>| $19182 | $2300128514 | 2298979024 | $5101921 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Trea-<br> sury, SL Agency Shares<br>| 11190000 |  | &nbsp;&nbsp; (1640000 )<sup>(a)</sup><br>|  |  | 9550000 | 9550000 | 3836370 |  |
|  |  |  |  | $(19023) | $19182 | $2309678514 |  | $8938291 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $17980066874 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $17980066874 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 8998170 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8998170 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 2309678514 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2309678514 |
|  | &nbsp;&nbsp; $2309678514 | &nbsp;&nbsp; $17989065044 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $20298743558 |

---

*See notes to financial statements.*

Schedule of Investments

------

Schedule of Investments

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.0%** | **Advertising — 0.0%** | **Advertising — 0.0%** |
| Omnicom Group, Inc. |  |  |
| 3.38%, 03/01/41 | &nbsp;&nbsp; $357 | $273051 |
| 5.40%, 10/01/48<sup>(a)</sup> | &nbsp;&nbsp; 209 | 188920 |
|  |  | 461971 |
| **Aerospace & Defense — 2.6%** | **Aerospace & Defense — 2.6%** | **Aerospace & Defense — 2.6%** |
| Airbus SE, 3.95%, 04/10/47<sup>(b)</sup> | &nbsp;&nbsp; 850 | 710798 |
| BAE Systems Holdings, Inc., 4.75%, 10/07/44<sup>(b)</sup> | &nbsp;&nbsp; 409 | 384384 |
| BAE Systems PLC |  |  |
| 3.00%, 09/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1112 | 762213 |
| 5.50%, 03/26/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 590 | 607704 |
| 5.80%, 10/11/41<sup>(b)</sup> | &nbsp;&nbsp; 352 | 375796 |
| Boeing Co.(The) |  |  |
| 3.38%, 06/15/46 | &nbsp;&nbsp; 695 | 499402 |
| 3.50%, 03/01/39 | &nbsp;&nbsp; 479 | 401656 |
| 3.50%, 03/01/45 | &nbsp;&nbsp; 195 | 141267 |
| 3.55%, 03/01/38 | &nbsp;&nbsp; 568 | 488215 |
| 3.63%, 03/01/48 | &nbsp;&nbsp; 980 | 715477 |
| 3.65%, 03/01/47 | &nbsp;&nbsp; 679 | 505194 |
| 3.75%, 02/01/50 | &nbsp;&nbsp; 1970 | 1462740 |
| 3.83%, 03/01/59 | &nbsp;&nbsp; 455 | 320284 |
| 3.85%, 11/01/48 | &nbsp;&nbsp; 955 | 725874 |
| 3.90%, 05/01/49 | &nbsp;&nbsp; 1593 | 1217793 |
| 3.95%, 08/01/59 | &nbsp;&nbsp; 1054 | 755383 |
| 5.71%, 05/01/40 | &nbsp;&nbsp; 2508 | 2609411 |
| 5.81%, 05/01/50 | &nbsp;&nbsp; 5993 | 6017212 |
| 5.88%, 02/15/40 | &nbsp;&nbsp; 457 | 477911 |
| 5.93%, 05/01/60<sup>(a)</sup> | &nbsp;&nbsp; 3522 | 3532281 |
| 6.63%, 02/15/38<sup>(a)</sup> | &nbsp;&nbsp; 636 | 717505 |
| 6.86%, 05/01/54 | &nbsp;&nbsp; 2313 | 2652615 |
| 6.88%, 03/15/39 | &nbsp;&nbsp; 469 | 535912 |
| 7.01%, 05/01/64 | &nbsp;&nbsp; 1565 | 1814586 |
| Embraer Netherlands Finance BV, 5.40%, <br> 01/09/38<br>| &nbsp;&nbsp; 195 | 195195 |
| General Dynamics Corp. |  |  |
| 2.85%, 06/01/41 | &nbsp;&nbsp; 267 | 205989 |
| 3.60%, 11/15/42 | &nbsp;&nbsp; 436 | 362567 |
| 4.25%, 04/01/40 | &nbsp;&nbsp; 751 | 699350 |
| 4.25%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 838 | 726719 |
| General Electric Co. |  |  |
| 4.35%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 521 | 456272 |
| 4.50%, 03/11/44 | &nbsp;&nbsp; 404 | 371112 |
| 5.88%, 01/14/38 | &nbsp;&nbsp; 900 | 989133 |
| 6.15%, 08/07/37 | &nbsp;&nbsp; 266 | 295808 |
| 6.88%, 01/10/39 | &nbsp;&nbsp; 670 | 796602 |
| Howmet Aerospace, Inc., 5.95%, 02/01/37<sup>(a)</sup> | &nbsp;&nbsp; 545 | 595841 |
| L3Harris Technologies, Inc. |  |  |
| 5.05%, 04/27/45 | &nbsp;&nbsp; 322 | 313065 |
| 5.50%, 08/15/54<sup>(a)</sup> | &nbsp;&nbsp; 590 | 585891 |
| 5.60%, 07/31/53 | &nbsp;&nbsp; 349 | 351316 |
| 6.15%, 12/15/40 | &nbsp;&nbsp; 325 | 358063 |
| Lockheed Martin Corp. |  |  |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 881 | 573815 |
| 3.80%, 03/01/45 | &nbsp;&nbsp; 881 | 722968 |
| 4.07%, 12/15/42 | &nbsp;&nbsp; 1250 | 1092764 |
| 4.09%, 09/15/52 | &nbsp;&nbsp; 1665 | 1350191 |
| 4.15%, 06/15/53 | &nbsp;&nbsp; 913 | 746485 |
| 4.30%, 06/15/62 | &nbsp;&nbsp; 619 | 501939 |
| 4.50%, 05/15/36<sup>(a)</sup> | &nbsp;&nbsp; 506 | 504648 |
| 4.70%, 05/15/46 | &nbsp;&nbsp; 1217 | 1122301 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| 5.20%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; $1115 | $1073610 |
| 5.20%, 02/15/64 | &nbsp;&nbsp; 890 | 837162 |
| 5.70%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1077 | 1112461 |
| 5.72%, 06/01/40<sup>(a)</sup> | &nbsp;&nbsp; 340 | 372237 |
| 5.90%, 11/15/63 | &nbsp;&nbsp; 710 | 749354 |
| Series B, 6.15%, 09/01/36 | &nbsp;&nbsp; 565 | 635322 |
| Northrop Grumman Corp. |  |  |
| 3.85%, 04/15/45 | &nbsp;&nbsp; 524 | 427822 |
| 4.03%, 10/15/47 | &nbsp;&nbsp; 2219 | 1820413 |
| 4.75%, 06/01/43 | &nbsp;&nbsp; 871 | 818676 |
| 4.95%, 03/15/53 | &nbsp;&nbsp; 878 | 807137 |
| 5.05%, 11/15/40 | &nbsp;&nbsp; 615 | 618920 |
| 5.15%, 05/01/40<sup>(a)</sup> | &nbsp;&nbsp; 1092 | 1104981 |
| 5.20%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1082 | 1032726 |
| 5.25%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1058 | 1021730 |
| RTX Corp. |  |  |
| 2.82%, 09/01/51 | &nbsp;&nbsp; 921 | 588466 |
| 3.03%, 03/15/52<sup>(a)</sup> | &nbsp;&nbsp; 959 | 637619 |
| 3.13%, 07/01/50 | &nbsp;&nbsp; 1280 | 879692 |
| 3.75%, 11/01/46 | &nbsp;&nbsp; 1345 | 1066564 |
| 4.05%, 05/04/47 | &nbsp;&nbsp; 949 | 783915 |
| 4.15%, 05/15/45 | &nbsp;&nbsp; 563 | 480558 |
| 4.20%, 12/15/44 | &nbsp;&nbsp; 320 | 271122 |
| 4.35%, 04/15/47 | &nbsp;&nbsp; 1070 | 924079 |
| 4.45%, 11/16/38 | &nbsp;&nbsp; 958 | 913679 |
| 4.50%, 06/01/42<sup>(a)</sup> | &nbsp;&nbsp; 3377 | 3111862 |
| 4.63%, 11/16/48 | &nbsp;&nbsp; 1954 | 1740534 |
| 4.70%, 12/15/41 | &nbsp;&nbsp; 365 | 348805 |
| 4.80%, 12/15/43 | &nbsp;&nbsp; 349 | 326790 |
| 4.88%, 10/15/40 | &nbsp;&nbsp; 742 | 730026 |
| 5.38%, 02/27/53 | &nbsp;&nbsp; 1200 | 1170555 |
| 5.70%, 04/15/40 | &nbsp;&nbsp; 775 | 825191 |
| 6.05%, 06/01/36<sup>(a)</sup> | &nbsp;&nbsp; 570 | 631532 |
| 6.13%, 07/15/38 | &nbsp;&nbsp; 750 | 833314 |
| 6.40%, 03/15/54 | &nbsp;&nbsp; 1708 | 1908629 |
|  |  | 72955130 |
| **Agriculture — 1.3%** | **Agriculture — 1.3%** | **Agriculture — 1.3%** |
| Altria Group, Inc. |  |  |
| 3.40%, 02/04/41 | &nbsp;&nbsp; 1581 | 1239879 |
| 3.70%, 02/04/51 | &nbsp;&nbsp; 1114 | 797003 |
| 3.88%, 09/16/46 | &nbsp;&nbsp; 1506 | 1159269 |
| 4.00%, 02/04/61<sup>(a)</sup> | &nbsp;&nbsp; 1208 | 889316 |
| 4.25%, 08/09/42 | &nbsp;&nbsp; 857 | 727507 |
| 4.45%, 05/06/50 | &nbsp;&nbsp; 528 | 428514 |
| 4.50%, 05/02/43 | &nbsp;&nbsp; 626 | 543191 |
| 5.38%, 01/31/44<sup>(a)</sup> | &nbsp;&nbsp; 1729 | 1675808 |
| 5.80%, 02/14/39 | &nbsp;&nbsp; 2016 | 2102152 |
| 5.95%, 02/14/49 | &nbsp;&nbsp; 2474 | 2506702 |
| 6.20%, 02/14/59 | &nbsp;&nbsp; 298 | 300207 |
| Archer-Daniels-Midland Co. |  |  |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 510 | 319460 |
| 3.75%, 09/15/47 | &nbsp;&nbsp; 399 | 315460 |
| 4.02%, 04/16/43 | &nbsp;&nbsp; 373 | 320946 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 459 | 404233 |
| 4.54%, 03/26/42 | &nbsp;&nbsp; 346 | 320015 |
| 5.77%, 03/01/41<sup>(c)</sup> | &nbsp;&nbsp; 226 | 239491 |
| BAT Capital Corp. |  |  |
| 3.73%, 09/25/40 | &nbsp;&nbsp; 457 | 378792 |
| 3.98%, 09/25/50 | &nbsp;&nbsp; 385 | 289493 |
| 4.39%, 08/15/37 | &nbsp;&nbsp; 2557 | 2388238 |
| 4.54%, 08/15/47 | &nbsp;&nbsp; 2246 | 1895716 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| 4.76%, 09/06/49 | &nbsp;&nbsp; $1117 | $962675 |
| 5.28%, 04/02/50 | &nbsp;&nbsp; 680 | 624678 |
| 5.65%, 03/16/52 | &nbsp;&nbsp; 608 | 583685 |
| 6.25%, 08/15/55<sup>(a)</sup> | &nbsp;&nbsp; 445 | 464475 |
| 7.08%, 08/02/43 | &nbsp;&nbsp; 742 | 843487 |
| 7.08%, 08/02/53 | &nbsp;&nbsp; 948 | 1086823 |
| Cargill, Inc. |  |  |
| 3.13%, 05/25/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 685 | 473731 |
| 3.88%, 05/23/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 158 | 126017 |
| 4.38%, 04/22/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 458 | 389658 |
| 4.76%, 11/23/45<sup>(b)</sup> | &nbsp;&nbsp; 459 | 421986 |
| 5.38%, 10/23/55<sup>(b)</sup> | &nbsp;&nbsp; 705 | 686730 |
| Imperial Brands Finance PLC, 6.38%, 07/01/55<sup>(b)</sup> | &nbsp;&nbsp; 395 | 410437 |
| Philip Morris International, Inc. |  |  |
| 3.88%, 08/21/42 | &nbsp;&nbsp; 709 | 595130 |
| 4.13%, 03/04/43 | &nbsp;&nbsp; 793 | 687385 |
| 4.25%, 11/10/44 | &nbsp;&nbsp; 1249 | 1081030 |
| 4.38%, 11/15/41 | &nbsp;&nbsp; 766 | 691978 |
| 4.50%, 03/20/42 | &nbsp;&nbsp; 597 | 544511 |
| 4.88%, 11/15/43 | &nbsp;&nbsp; 756 | 708189 |
| 6.38%, 05/16/38<sup>(a)</sup> | &nbsp;&nbsp; 1578 | 1774528 |
| Reynolds American, Inc. |  |  |
| 5.85%, 08/15/45 | &nbsp;&nbsp; 2191 | 2200921 |
| 6.15%, 09/15/43 | &nbsp;&nbsp; 486 | 505777 |
| 7.25%, 06/15/37 | &nbsp;&nbsp; 486 | 568972 |
|  |  | 35674195 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| NIKE, Inc. |  |  |
| 3.25%, 03/27/40 | &nbsp;&nbsp; 471 | 387425 |
| 3.38%, 11/01/46 | &nbsp;&nbsp; 684 | 514543 |
| 3.38%, 03/27/50<sup>(a)</sup> | &nbsp;&nbsp; 1444 | 1056779 |
| 3.63%, 05/01/43 | &nbsp;&nbsp; 275 | 222835 |
| 3.88%, 11/01/45 | &nbsp;&nbsp; 1192 | 979574 |
|  |  | 3161156 |
| **Auto Manufacturers — 0.5%** | **Auto Manufacturers — 0.5%** | **Auto Manufacturers — 0.5%** |
| Cummins, Inc. |  |  |
| 2.60%, 09/01/50 | &nbsp;&nbsp; 804 | 500428 |
| 4.88%, 10/01/43 | &nbsp;&nbsp; 307 | 297489 |
| 5.45%, 02/20/54<sup>(a)</sup> | &nbsp;&nbsp; 952 | 953236 |
| Ford Motor Co. |  |  |
| 4.75%, 01/15/43 | &nbsp;&nbsp; 1942 | 1562084 |
| 5.29%, 12/08/46<sup>(a)</sup> | &nbsp;&nbsp; 1004 | 857327 |
| 7.40%, 11/01/46<sup>(a)</sup> | &nbsp;&nbsp; 720 | 785899 |
| General Motors Co. |  |  |
| 5.15%, 04/01/38 | &nbsp;&nbsp; 1353 | 1317494 |
| 5.20%, 04/01/45 | &nbsp;&nbsp; 1256 | 1143342 |
| 5.40%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 886 | 815687 |
| 5.95%, 04/01/49<sup>(a)</sup> | &nbsp;&nbsp; 1092 | 1075886 |
| 6.25%, 10/02/43 | &nbsp;&nbsp; 1504 | 1541665 |
| 6.60%, 04/01/36 | &nbsp;&nbsp; 925 | 1015037 |
| 6.75%, 04/01/46<sup>(a)</sup> | &nbsp;&nbsp; 802 | 867231 |
|  |  | 12732805 |
| **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.10%, 12/01/51 | &nbsp;&nbsp; 1579 | 1031220 |
| 4.15%, 05/01/52<sup>(a)</sup> | &nbsp;&nbsp; 1152 | 893042 |
| 4.40%, 10/01/46 | &nbsp;&nbsp; 510 | 423194 |
| 5.40%, 03/15/49 | &nbsp;&nbsp; 385 | 361810 |
| 5.75%, 09/13/54<sup>(a)</sup> | &nbsp;&nbsp; 435 | 424413 |
| BorgWarner, Inc., 4.38%, 03/15/45<sup>(a)</sup> | &nbsp;&nbsp; 400 | 342814 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** |
| Lear Corp. |  |  |
| 3.55%, 01/15/52 | &nbsp;&nbsp; $300 | $208527 |
| 5.25%, 05/15/49<sup>(a)</sup> | &nbsp;&nbsp; 627 | 578736 |
|  |  | 4263756 |
| **Banks — 8.4%** | **Banks — 8.4%** | **Banks — 8.4%** |
| Bank of America Corp. |  |  |
| 2.68%, 06/19/41, (1-day SOFR + 1.93%)<sup>(d)</sup> | &nbsp;&nbsp; 6753 | 5019284 |
| 2.83%, 10/24/51, (1-day SOFR + 1.88%)<sup>(d)</sup> | &nbsp;&nbsp; 652 | 420178 |
| 2.97%, 07/21/52, (1-day SOFR + 1.56%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1442 | 953240 |
| 3.31%, 04/22/42, (1-day SOFR + 1.58%)<sup>(d)</sup> | &nbsp;&nbsp; 3484 | 2778448 |
| 3.95%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(d)</sup><br>| &nbsp;&nbsp; 962 | 776676 |
| 4.08%, 04/23/40, (3-mo. CME Term SOFR + <br> 1.58%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2187 | 1965359 |
| 4.08%, 03/20/51, (3-mo. CME Term SOFR + <br> 3.41%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5064 | 4107391 |
| 4.24%, 04/24/38, (3-mo. CME Term SOFR + <br> 2.08%)<sup>(d)</sup><br>| &nbsp;&nbsp; 3683 | 3452777 |
| 4.33%, 03/15/50, (3-mo. CME Term SOFR + <br> 1.78%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2078 | 1763757 |
| 4.44%, 01/20/48, (3-mo. CME Term SOFR + <br> 2.25%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1634 | 1434248 |
| 4.88%, 04/01/44 | &nbsp;&nbsp; 940 | 905457 |
| 5.00%, 01/21/44 | &nbsp;&nbsp; 2215 | 2156309 |
| 5.88%, 02/07/42 | &nbsp;&nbsp; 1854 | 1988408 |
| 6.11%, 01/29/37 | &nbsp;&nbsp; 2847 | 3074219 |
| 7.75%, 05/14/38 | &nbsp;&nbsp; 2697 | 3308039 |
| Series L, 4.75%, 04/21/45<sup>(a)</sup> | &nbsp;&nbsp; 830 | 762498 |
| Series N, 3.48%, 03/13/52, (1-day SOFR + <br> 1.65%)<sup>(d)</sup><br>| &nbsp;&nbsp; 566 | 413836 |
| Bank of America N.A., 6.00%, 10/15/36 | &nbsp;&nbsp; 1606 | 1746400 |
| Barclays PLC |  |  |
| 3.33%, 11/24/42, (1-year CMT + 1.30%)<sup>(d)</sup> | &nbsp;&nbsp; 737 | 572798 |
| 3.81%, 03/10/42, (1-year CMT + 1.70%)<sup>(d)</sup> | &nbsp;&nbsp; 1575 | 1278123 |
| 4.95%, 01/10/47 | &nbsp;&nbsp; 1176 | 1099720 |
| 5.25%, 08/17/45<sup>(a)</sup> | &nbsp;&nbsp; 1603 | 1566439 |
| 5.86%, 08/11/46, (1-day SOFR + 1.83%)<sup>(d)</sup> | &nbsp;&nbsp; 920 | 950004 |
| 6.04%, 03/12/55, (1-day SOFR + 2.42%)<sup>(d)</sup> | &nbsp;&nbsp; 223 | 240131 |
| BNP Paribas SA, 2.82%, 01/26/41<sup>(b)</sup> | &nbsp;&nbsp; 200 | 146855 |
| BPCE SA |  |  |
| 3.58%, 10/19/42, (1-day SOFR + 1.95%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 315 | 240397 |
| 6.35%, 01/13/47, (1-day SOFR + 2.11%)<sup>(a)(b)(d)</sup> | &nbsp;&nbsp; 625 | 626233 |
| 6.92%, 01/14/46, (1-day SOFR + 2.61%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 400 | 431044 |
| Citigroup, Inc. |  |  |
| 2.90%, 11/03/42, (1-day SOFR + 1.38%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 1773 | 1321842 |
| 3.88%, 01/24/39, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1380 | 1233010 |
| 4.28%, 04/24/48, (3-mo. CME Term SOFR + <br> 2.10%)<sup>(d)</sup><br>| &nbsp;&nbsp; 709 | 607709 |
| 4.65%, 07/30/45 | &nbsp;&nbsp; 1361 | 1242659 |
| 4.65%, 07/23/48 | &nbsp;&nbsp; 2244 | 2003290 |
| 4.75%, 05/18/46 | &nbsp;&nbsp; 1808 | 1610877 |
| 5.30%, 05/06/44<sup>(a)</sup> | &nbsp;&nbsp; 805 | 781530 |
| 5.32%, 03/26/41, (1-day SOFR + 4.55%)<sup>(d)</sup> | &nbsp;&nbsp; 1474 | 1479192 |
| 5.61%, 03/04/56, (1-day SOFR + 1.75%)<sup>(d)</sup> | &nbsp;&nbsp; 1880 | 1888801 |
| 5.88%, 01/30/42 | &nbsp;&nbsp; 1344 | 1422358 |
| 6.13%, 08/25/36 | &nbsp;&nbsp; 818 | 876660 |
| 6.68%, 09/13/43 | &nbsp;&nbsp; 1240 | 1401097 |
| 6.88%, 03/05/38<sup>(a)</sup> | &nbsp;&nbsp; 364 | 423382 |
| 6.88%, 02/15/98<sup>(a)</sup> | &nbsp;&nbsp; 284 | 337654 |
| 8.13%, 07/15/39<sup>(a)</sup> | &nbsp;&nbsp; 1935 | 2486994 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Commonwealth Bank of Australia |  |  |
| 3.31%, 03/11/41<sup>(b)</sup> | &nbsp;&nbsp; $217 | $173146 |
| 3.74%, 09/12/39<sup>(b)</sup> | &nbsp;&nbsp; 2055 | 1762614 |
| 3.90%, 07/12/47<sup>(b)</sup> | &nbsp;&nbsp; 1229 | 1022780 |
| 4.32%, 01/10/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 957 | 809345 |
| 5.93%, 03/14/46, (1-year CMT + 1.32%)<sup>(a)(b)(d)</sup> | &nbsp;&nbsp; 1030 | 1076312 |
| Cooperatieve Rabobank UA |  |  |
| 5.25%, 05/24/41 | &nbsp;&nbsp; 1443 | 1460984 |
| 5.25%, 08/04/45 | &nbsp;&nbsp; 1147 | 1094762 |
| 5.75%, 12/01/43 | &nbsp;&nbsp; 1162 | 1184171 |
| 5.80%, 09/30/2110<sup>(a)(b)</sup> | &nbsp;&nbsp; 195 | 200864 |
| Credit Agricole SA, 2.81%, 01/11/41<sup>(b)</sup> | &nbsp;&nbsp; 260 | 190551 |
| Fifth Third Bancorp, 8.25%, 03/01/38 | &nbsp;&nbsp; 298 | 368974 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 2.91%, 07/21/42, (1-day SOFR + 1.47%)<sup>(d)</sup> | &nbsp;&nbsp; 2166 | 1600434 |
| 3.21%, 04/22/42, (1-day SOFR + 1.51%)<sup>(d)</sup> | &nbsp;&nbsp; 3103 | 2395194 |
| 3.44%, 02/24/43, (1-day SOFR + 1.63%)<sup>(d)</sup> | &nbsp;&nbsp; 2386 | 1872937 |
| 4.02%, 10/31/38, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2332 | 2107042 |
| 4.41%, 04/23/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1321 | 1230029 |
| 4.75%, 10/21/45 | &nbsp;&nbsp; 1855 | 1681491 |
| 4.80%, 07/08/44 | &nbsp;&nbsp; 2388 | 2206610 |
| 5.15%, 05/22/45 | &nbsp;&nbsp; 2543 | 2400944 |
| 5.54%, 01/21/47, (1-day SOFR + 1.32%)<sup>(d)</sup> | &nbsp;&nbsp; 4610 | 4588390 |
| 5.56%, 11/19/45, (1-day SOFR + 1.58%)<sup>(d)</sup> | &nbsp;&nbsp; 3320 | 3330028 |
| 5.73%, 01/28/56, (1-day SOFR + 1.70%)<sup>(d)</sup> | &nbsp;&nbsp; 2585 | 2617055 |
| 6.25%, 02/01/41 | &nbsp;&nbsp; 2346 | 2565821 |
| 6.45%, 05/01/36 | &nbsp;&nbsp; 516 | 567786 |
| 6.75%, 10/01/37 | &nbsp;&nbsp; 5301 | 5954554 |
| HSBC Bank USA N.A, 7.00%, 01/15/39 | &nbsp;&nbsp; 650 | 763156 |
| HSBC Holdings PLC |  |  |
| 5.25%, 03/14/44<sup>(a)</sup> | &nbsp;&nbsp; 1256 | 1233906 |
| 6.10%, 01/14/42<sup>(a)</sup> | &nbsp;&nbsp; 458 | 500386 |
| 6.33%, 03/09/44, (1-day SOFR + 2.65%)<sup>(d)</sup> | &nbsp;&nbsp; 2467 | 2724345 |
| 6.50%, 05/02/36 | &nbsp;&nbsp; 863 | 938377 |
| 6.50%, 09/15/37 | &nbsp;&nbsp; 3030 | 3347276 |
| 6.80%, 06/01/38 | &nbsp;&nbsp; 1320 | 1494173 |
| HSBC USA, Inc., 7.20%, 07/15/97<sup>(a)</sup> | &nbsp;&nbsp; 497 | 607807 |
| Intesa Sanpaolo SpA |  |  |
| 4.95%, 06/01/42, (1-year CMT + 2.75%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 435 | 385616 |
| 7.78%, 06/20/54, (1-year CMT + 3.90%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1258 | 1534583 |
| 7.80%, 11/28/53<sup>(b)</sup> | &nbsp;&nbsp; 1239 | 1541149 |
| Series NR, 4.70%, 09/23/49<sup>(b)</sup> | &nbsp;&nbsp; 25 | 21480 |
| JPMorgan Chase & Co. |  |  |
| 2.53%, 11/19/41, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1808 | 1322047 |
| 3.11%, 04/22/41, (3-mo. CME Term SOFR + <br> 2.46%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1665 | 1319447 |
| 3.11%, 04/22/51, (1-day SOFR + 2.44%)<sup>(d)</sup> | &nbsp;&nbsp; 3056 | 2100712 |
| 3.16%, 04/22/42, (3-mo. CME Term SOFR + <br> 1.46%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2390 | 1873194 |
| 3.33%, 04/22/52, (1-day SOFR + 1.58%)<sup>(d)</sup> | &nbsp;&nbsp; 2580 | 1842927 |
| 3.88%, 07/24/38, (3-mo. CME Term SOFR + <br> 1.62%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2651 | 2401228 |
| 3.90%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.48%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2452 | 1972844 |
| 3.96%, 11/15/48, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(d)</sup><br>| &nbsp;&nbsp; 4139 | 3377510 |
| 4.03%, 07/24/48, (3-mo. CME Term SOFR + <br> 1.72%)<sup>(d)</sup><br>| &nbsp;&nbsp; 2248 | 1857378 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.26%, 02/22/48, (3-mo. CME Term SOFR + <br> 1.84%)<sup>(d)</sup><br>| &nbsp;&nbsp; $2377 | $2043349 |
| 4.85%, 02/01/44 | &nbsp;&nbsp; 1338 | 1283703 |
| 4.95%, 06/01/45<sup>(a)</sup> | &nbsp;&nbsp; 2049 | 1946287 |
| 5.40%, 01/06/42 | &nbsp;&nbsp; 1542 | 1579083 |
| 5.50%, 10/15/40 | &nbsp;&nbsp; 1424 | 1503845 |
| 5.53%, 11/29/45, (1-day SOFR + 1.55%)<sup>(d)</sup> | &nbsp;&nbsp; 2825 | 2886970 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 2071 | 2165247 |
| 5.63%, 08/16/43 | &nbsp;&nbsp; 1538 | 1589867 |
| 6.40%, 05/15/38 | &nbsp;&nbsp; 2672 | 3037626 |
| Lloyds Banking Group PLC |  |  |
| 3.37%, 12/14/46, (5-year CMT + 1.50%)<sup>(d)</sup> | &nbsp;&nbsp; 274 | 207520 |
| 4.34%, 01/09/48<sup>(a)</sup> | &nbsp;&nbsp; 484 | 409931 |
| 5.30%, 12/01/45<sup>(a)</sup> | &nbsp;&nbsp; 1034 | 995467 |
| 5.67%, 02/10/47, (1-year CMT + 0.82%)<sup>(d)</sup> | &nbsp;&nbsp; 815 | 823382 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 3.75%, 07/18/39 | &nbsp;&nbsp; 625 | 552331 |
| 4.15%, 03/07/39<sup>(a)</sup> | &nbsp;&nbsp; 164 | 154351 |
| 4.29%, 07/26/38<sup>(a)</sup> | &nbsp;&nbsp; 174 | 166995 |
| Morgan Stanley |  |  |
| 2.80%, 01/25/52, (1-day SOFR + 1.43%)<sup>(d)</sup> | &nbsp;&nbsp; 1509 | 967978 |
| 3.22%, 04/22/42, (1-day SOFR + 1.49%)<sup>(d)</sup> | &nbsp;&nbsp; 1638 | 1295620 |
| 3.97%, 07/22/38<sup>(d)</sup> | &nbsp;&nbsp; 2088 | 1899475 |
| 4.30%, 01/27/45 | &nbsp;&nbsp; 2140 | 1866793 |
| 4.38%, 01/22/47 | &nbsp;&nbsp; 3008 | 2616964 |
| 4.46%, 04/22/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1288 | 1218727 |
| 5.52%, 11/19/55, (1-day SOFR + 1.71%)<sup>(d)</sup> | &nbsp;&nbsp; 2655 | 2648032 |
| 5.60%, 03/24/51, (1-day SOFR + 4.84%)<sup>(d)</sup> | &nbsp;&nbsp; 2539 | 2575526 |
| 6.38%, 07/24/42 | &nbsp;&nbsp; 1757 | 1964201 |
| MUFG Bank Ltd., 4.70%, 03/10/44<sup>(b)</sup> | &nbsp;&nbsp; 200 | 188009 |
| National Australia Bank Ltd., 2.65%, 01/14/41<sup>(b)</sup> | &nbsp;&nbsp; 230 | 168603 |
| NatWest Group PLC, 5.91%, 03/03/47, (1-year <br> CMT + 1.30%)<sup>(d)</sup><br>| &nbsp;&nbsp; 1200 | 1191558 |
| Regions Banks, 6.45%, 06/26/37 | &nbsp;&nbsp; 250 | 274091 |
| Regions Financial Corp., 7.38%, 12/10/37<sup>(a)</sup> | &nbsp;&nbsp; 185 | 216930 |
| Santander U.K. Group Holdings PLC, 5.63%, <br> 09/15/45<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 190294 |
| Societe Generale SA |  |  |
| 3.63%, 03/01/41<sup>(b)</sup> | &nbsp;&nbsp; 573 | 442032 |
| 4.03%, 01/21/43, (1-year CMT + 1.90%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 275 | 215275 |
| 5.40%, 04/10/37, (1-day SOFR + 1.60%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 450 | 452716 |
| 5.63%, 11/24/45<sup>(b)</sup> | &nbsp;&nbsp; 200 | 192301 |
| 7.13%, 01/19/55, (1-year CMT + 2.95%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 1090 | 1165458 |
| 7.37%, 01/10/53<sup>(b)</sup> | &nbsp;&nbsp; 722 | 793980 |
| Standard Chartered PLC |  |  |
| 5.30%, 01/09/43<sup>(b)</sup> | &nbsp;&nbsp; 337 | 328017 |
| 5.70%, 03/26/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 1591 | 1587543 |
| 5.71%, 03/05/47, (1-year CMT + 1.10%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 800 | 797700 |
| 7.01%<sup>(b)(d)(e)</sup> | &nbsp;&nbsp; 25 | 26392 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 2.30%, 01/12/41 | &nbsp;&nbsp; 200 | 143747 |
| 2.93%, 09/17/41 | &nbsp;&nbsp; 798 | 602515 |
| 3.05%, 01/14/42 | &nbsp;&nbsp; 475 | 371711 |
| 5.57%, 01/15/47, (1-day SOFR + 1.36%)<sup>(d)</sup> | &nbsp;&nbsp; 645 | 656925 |
| 5.80%, 07/08/46, (1-day SOFR + 1.78%)<sup>(d)</sup> | &nbsp;&nbsp; 970 | 991166 |
| 5.84%, 07/09/44 | &nbsp;&nbsp; 960 | 1002764 |
| 6.18%, 07/13/43<sup>(a)</sup> | &nbsp;&nbsp; 863 | 955936 |
| UBS AG/London, 4.50%, 06/26/48 | &nbsp;&nbsp; 599 | 528682 |
| UBS Group AG |  |  |
| 3.18%, 02/11/43, (1-year CMT + 1.10%)<sup>(a)(b)(d)</sup> | &nbsp;&nbsp; 1207 | 928438 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.88%, 05/15/45 | &nbsp;&nbsp; $1693 | $1580758 |
| 5.01%, 03/23/37, (1-day SOFR + 1.34%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 900 | 897072 |
| 5.20%, 08/10/37, (1-day SOFR + 1.34%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 995 | 1004032 |
| 5.38%, 09/06/45, (1-year USD ICE Swap + <br> 1.86%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 1395 | 1382103 |
| 5.53%, 05/06/47, (1-day SOFR + 1.49%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 895 | 895505 |
| Wells Fargo & Co. |  |  |
| 3.07%, 04/30/41, (1-day SOFR + 2.53%)<sup>(d)</sup> | &nbsp;&nbsp; 3771 | 2943963 |
| 3.90%, 05/01/45 | &nbsp;&nbsp; 2478 | 2028313 |
| 4.40%, 06/14/46 | &nbsp;&nbsp; 2277 | 1917249 |
| 4.61%, 04/25/53, (1-day SOFR + 2.13%)<sup>(d)</sup> | &nbsp;&nbsp; 2538 | 2188296 |
| 4.65%, 11/04/44 | &nbsp;&nbsp; 1511 | 1325992 |
| 4.75%, 12/07/46 | &nbsp;&nbsp; 2209 | 1956419 |
| 4.90%, 11/17/45 | &nbsp;&nbsp; 2619 | 2365137 |
| 5.01%, 04/04/51, (3-mo. CME Term SOFR + <br> 4.50%)<sup>(d)</sup><br>| &nbsp;&nbsp; 5638 | 5157898 |
| 5.38%, 11/02/43 | &nbsp;&nbsp; 2369 | 2311670 |
| 5.43%, 01/23/47, (1-day SOFR + 1.23%)<sup>(d)</sup> | &nbsp;&nbsp; 3305 | 3272033 |
| 5.61%, 01/15/44 | &nbsp;&nbsp; 3018 | 3008282 |
| 5.95%, 12/01/86 | &nbsp;&nbsp; 576 | 609900 |
| Wells Fargo Bank NA |  |  |
| 5.85%, 02/01/37<sup>(a)</sup> | &nbsp;&nbsp; 1280 | 1362460 |
| 5.95%, 08/26/36 | &nbsp;&nbsp; 865 | 930671 |
| 6.60%, 01/15/38<sup>(a)</sup> | &nbsp;&nbsp; 1600 | 1810103 |
| Westpac Banking Corp. |  |  |
| 2.96%, 11/16/40 | &nbsp;&nbsp; 181 | 140801 |
| 3.13%, 11/18/41 | &nbsp;&nbsp; 64 | 49636 |
| 4.42%, 07/24/39 | &nbsp;&nbsp; 192 | 179665 |
|  |  | 233047693 |
| **Beverages — 2.3%** | **Beverages — 2.3%** | **Beverages — 2.3%** |
| Anheuser-Busch Companies LLC/Anheuser-Busch <br> InBev Worldwide, Inc., 4.90%, 02/01/46<br>| &nbsp;&nbsp; 8974 | 8440902 |
| Anheuser-Busch InBev Finance, Inc. |  |  |
| 4.00%, 01/17/43 | &nbsp;&nbsp; 130 | 111492 |
| 4.63%, 02/01/44 | &nbsp;&nbsp; 709 | 655183 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 1662 | 1558090 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.75%, 07/15/42 | &nbsp;&nbsp; 464 | 387559 |
| 4.35%, 06/01/40<sup>(a)</sup> | &nbsp;&nbsp; 745 | 688926 |
| 4.38%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 1120 | 1077459 |
| 4.44%, 10/06/48 | &nbsp;&nbsp; 2322 | 2034944 |
| 4.50%, 06/01/50 | &nbsp;&nbsp; 940 | 869945 |
| 4.60%, 04/15/48 | &nbsp;&nbsp; 335 | 301203 |
| 4.60%, 06/01/60<sup>(a)</sup> | &nbsp;&nbsp; 355 | 298481 |
| 4.75%, 04/15/58 | &nbsp;&nbsp; 450 | 402132 |
| 4.95%, 01/15/42 | &nbsp;&nbsp; 1815 | 1761781 |
| 5.45%, 01/23/39<sup>(a)</sup> | &nbsp;&nbsp; 2830 | 2969946 |
| 5.55%, 01/23/49 | &nbsp;&nbsp; 4423 | 4454213 |
| 5.80%, 01/23/59<sup>(a)</sup> | &nbsp;&nbsp; 2077 | 2155713 |
| 8.00%, 11/15/39 | &nbsp;&nbsp; 1106 | 1434575 |
| 8.20%, 01/15/39 | &nbsp;&nbsp; 1843 | 2402878 |
| Bacardi Ltd. |  |  |
| 5.15%, 05/15/38<sup>(b)</sup> | &nbsp;&nbsp; 369 | 354191 |
| 5.30%, 05/15/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 528 | 483312 |
| Bacardi Ltd./Bacardi-Martini BV, 5.90%, <br> 06/15/43<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 423 | 417871 |
| Brown-Forman Corp. |  |  |
| 3.75%, 01/15/43 | &nbsp;&nbsp; 215 | 177193 |
| 4.00%, 04/15/38 | &nbsp;&nbsp; 275 | 252689 |
| 4.50%, 07/15/45 | &nbsp;&nbsp; 440 | 393005 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| Coca-Cola Co.(The) |  |  |
| 2.50%, 06/01/40 | &nbsp;&nbsp; $1260 | $957965 |
| 2.50%, 03/15/51 | &nbsp;&nbsp; 1389 | 854321 |
| 2.60%, 06/01/50 | &nbsp;&nbsp; 1471 | 932629 |
| 2.75%, 06/01/60 | &nbsp;&nbsp; 1167 | 699415 |
| 2.88%, 05/05/41 | &nbsp;&nbsp; 392 | 307715 |
| 3.00%, 03/05/51 | &nbsp;&nbsp; 1904 | 1295551 |
| 4.20%, 03/25/50 | &nbsp;&nbsp; 382 | 328006 |
| 5.20%, 01/14/55<sup>(a)</sup> | &nbsp;&nbsp; 1620 | 1592488 |
| 5.30%, 05/13/54 | &nbsp;&nbsp; 1280 | 1271797 |
| 5.40%, 05/13/64 | &nbsp;&nbsp; 1900 | 1880183 |
| Coca-Cola Femsa SAB de CV, 5.25%, 11/26/43 | &nbsp;&nbsp; 419 | 423904 |
| Constellation Brands, Inc. |  |  |
| 3.75%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 488 | 367761 |
| 4.10%, 02/15/48<sup>(a)</sup> | &nbsp;&nbsp; 554 | 445582 |
| 4.50%, 05/09/47 | &nbsp;&nbsp; 469 | 403901 |
| 5.25%, 11/15/48<sup>(a)</sup> | &nbsp;&nbsp; 519 | 488860 |
| Diageo Capital PLC |  |  |
| 3.88%, 04/29/43<sup>(a)</sup> | &nbsp;&nbsp; 488 | 408028 |
| 5.88%, 09/30/36 | &nbsp;&nbsp; 741 | 809919 |
| Diageo Investment Corp., 4.25%, 05/11/42<sup>(a)</sup> | &nbsp;&nbsp; 420 | 373348 |
| Embotelladora Andina SA, 3.95%, 01/21/50<sup>(b)</sup> | &nbsp;&nbsp; 20 | 15740 |
| Fomento Economico Mexicano SAB de CV |  |  |
| 3.50%, 01/16/50 | &nbsp;&nbsp; 765 | 582953 |
| 4.38%, 05/10/43 | &nbsp;&nbsp; 259 | 234992 |
| Heineken NV |  |  |
| 4.00%, 10/01/42<sup>(b)</sup> | &nbsp;&nbsp; 386 | 331135 |
| 4.35%, 03/29/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 475 | 408471 |
| Keurig Dr Pepper, Inc. |  |  |
| 3.35%, 03/15/51 | &nbsp;&nbsp; 492 | 334113 |
| 3.80%, 05/01/50 | &nbsp;&nbsp; 667 | 492180 |
| 4.42%, 12/15/46 | &nbsp;&nbsp; 324 | 269253 |
| 4.50%, 11/15/45 | &nbsp;&nbsp; 440 | 376167 |
| 4.50%, 04/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1026 | 848247 |
| 5.09%, 05/25/48 | &nbsp;&nbsp; 370 | 336502 |
| Molson Coors Beverage Co. |  |  |
| 4.20%, 07/15/46 | &nbsp;&nbsp; 1565 | 1272600 |
| 5.00%, 05/01/42<sup>(a)</sup> | &nbsp;&nbsp; 968 | 905509 |
| PepsiCo, Inc. |  |  |
| 2.63%, 10/21/41 | &nbsp;&nbsp; 892 | 663630 |
| 2.75%, 10/21/51 | &nbsp;&nbsp; 766 | 493474 |
| 2.88%, 10/15/49 | &nbsp;&nbsp; 995 | 672450 |
| 3.38%, 07/29/49 | &nbsp;&nbsp; 231 | 170581 |
| 3.45%, 10/06/46<sup>(a)</sup> | &nbsp;&nbsp; 877 | 681606 |
| 3.50%, 03/19/40 | &nbsp;&nbsp; 360 | 310867 |
| 3.60%, 08/13/42 | &nbsp;&nbsp; 250 | 207896 |
| 3.63%, 03/19/50 | &nbsp;&nbsp; 929 | 717314 |
| 3.88%, 03/19/60 | &nbsp;&nbsp; 529 | 409263 |
| 4.00%, 03/05/42 | &nbsp;&nbsp; 504 | 441738 |
| 4.00%, 05/02/47 | &nbsp;&nbsp; 695 | 584508 |
| 4.20%, 07/18/52 | &nbsp;&nbsp; 480 | 404396 |
| 4.25%, 10/22/44 | &nbsp;&nbsp; 310 | 274492 |
| 4.45%, 04/14/46<sup>(a)</sup> | &nbsp;&nbsp; 1054 | 955376 |
| 4.60%, 07/17/45 | &nbsp;&nbsp; 320 | 297821 |
| 4.65%, 02/15/53 | &nbsp;&nbsp; 464 | 418025 |
| 4.88%, 11/01/40 | &nbsp;&nbsp; 433 | 434149 |
| 5.25%, 07/17/54<sup>(a)</sup> | &nbsp;&nbsp; 680 | 676086 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 505 | 538384 |
| Pernod Ricard International Finance LLC, 2.75%, <br> 10/01/50<sup>(b)</sup><br>| &nbsp;&nbsp; 279 | 172657 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| Pernod Ricard SA, 5.50%, 01/15/42<sup>(a)(b)</sup> | &nbsp;&nbsp; $778 | $784751 |
|  |  | 64642382 |
| **Biotechnology — 1.8%** | **Biotechnology — 1.8%** | **Biotechnology — 1.8%** |
| Amgen, Inc. |  |  |
| 2.77%, 09/01/53 | &nbsp;&nbsp; 1340 | 819424 |
| 2.80%, 08/15/41 | &nbsp;&nbsp; 537 | 403291 |
| 3.00%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1028 | 683774 |
| 3.15%, 02/21/40 | &nbsp;&nbsp; 1549 | 1246410 |
| 3.38%, 02/21/50 | &nbsp;&nbsp; 1108 | 806690 |
| 4.20%, 02/22/52 | &nbsp;&nbsp; 944 | 765084 |
| 4.40%, 05/01/45 | &nbsp;&nbsp; 2170 | 1899378 |
| 4.40%, 02/22/62 | &nbsp;&nbsp; 1304 | 1040569 |
| 4.56%, 06/15/48 | &nbsp;&nbsp; 1317 | 1151835 |
| 4.66%, 06/15/51 | &nbsp;&nbsp; 3742 | 3266922 |
| 4.88%, 03/01/53 | &nbsp;&nbsp; 1120 | 1000969 |
| 4.95%, 10/01/41 | &nbsp;&nbsp; 653 | 626700 |
| 5.15%, 11/15/41 | &nbsp;&nbsp; 726 | 711735 |
| 5.50%, 02/19/46 | &nbsp;&nbsp; 925 | 920363 |
| 5.60%, 03/02/43<sup>(a)</sup> | &nbsp;&nbsp; 2687 | 2746191 |
| 5.65%, 06/15/42 | &nbsp;&nbsp; 521 | 538191 |
| 5.65%, 03/02/53 | &nbsp;&nbsp; 4392 | 4384175 |
| 5.65%, 02/19/56 | &nbsp;&nbsp; 250 | 249519 |
| 5.75%, 03/15/40<sup>(a)</sup> | &nbsp;&nbsp; 409 | 433234 |
| 5.75%, 03/02/63 | &nbsp;&nbsp; 2795 | 2770405 |
| 6.38%, 06/01/37 | &nbsp;&nbsp; 551 | 620818 |
| 6.40%, 02/01/39 | &nbsp;&nbsp; 365 | 409271 |
| 6.90%, 06/01/38<sup>(a)</sup> | &nbsp;&nbsp; 215 | 248725 |
| Baxalta, Inc., 5.25%, 06/23/45 | &nbsp;&nbsp; 415 | 403312 |
| Biogen, Inc. |  |  |
| 3.15%, 05/01/50 | &nbsp;&nbsp; 1391 | 915316 |
| 3.25%, 02/15/51 | &nbsp;&nbsp; 711 | 471989 |
| 5.20%, 09/15/45 | &nbsp;&nbsp; 993 | 929968 |
| 6.45%, 05/15/55 | &nbsp;&nbsp; 570 | 611524 |
| CSL Finance PLC |  |  |
| 4.63%, 04/27/42<sup>(b)</sup> | &nbsp;&nbsp; 380 | 349233 |
| 4.75%, 04/27/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 939 | 827647 |
| 4.95%, 04/27/62<sup>(b)</sup> | &nbsp;&nbsp; 629 | 559176 |
| 5.42%, 04/03/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 685 | 666857 |
| Gilead Sciences, Inc. |  |  |
| 2.60%, 10/01/40 | &nbsp;&nbsp; 1199 | 898156 |
| 2.80%, 10/01/50 | &nbsp;&nbsp; 1504 | 966654 |
| 4.00%, 09/01/36 | &nbsp;&nbsp; 905 | 853887 |
| 4.15%, 03/01/47 | &nbsp;&nbsp; 1701 | 1431572 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 1714 | 1533360 |
| 4.75%, 03/01/46 | &nbsp;&nbsp; 2146 | 1965693 |
| 4.80%, 04/01/44 | &nbsp;&nbsp; 1669 | 1561518 |
| 5.50%, 11/15/54 | &nbsp;&nbsp; 955 | 951870 |
| 5.55%, 10/15/53<sup>(a)</sup> | &nbsp;&nbsp; 909 | 913181 |
| 5.60%, 11/15/64 | &nbsp;&nbsp; 1025 | 1026274 |
| 5.65%, 12/01/41 | &nbsp;&nbsp; 933 | 977774 |
| Regeneron Pharmaceuticals, Inc., 2.80%, <br> 09/15/50<br>| &nbsp;&nbsp; 546 | 339109 |
| Royalty Pharma PLC |  |  |
| 3.30%, 09/02/40 | &nbsp;&nbsp; 1163 | 918596 |
| 3.35%, 09/02/51 | &nbsp;&nbsp; 546 | 369382 |
| 3.55%, 09/02/50 | &nbsp;&nbsp; 768 | 544197 |
| 5.90%, 09/02/54 | &nbsp;&nbsp; 482 | 484223 |
| 5.95%, 09/25/55 | &nbsp;&nbsp; 495 | 501051 |
|  |  | 49715192 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials — 0.5%** | **Building Materials — 0.5%** | **Building Materials — 0.5%** |
| Amrize Finance U.S. LLC |  |  |
| 4.75%, 09/22/46 | &nbsp;&nbsp; $420 | $382621 |
| 7.13%, 07/15/36 | &nbsp;&nbsp; 410 | 480337 |
| Carlisle Companies, Inc., 5.55%, 09/15/40 | &nbsp;&nbsp; 190 | 196697 |
| Carrier Global Corp. |  |  |
| 3.38%, 04/05/40 | &nbsp;&nbsp; 1524 | 1249020 |
| 3.58%, 04/05/50 | &nbsp;&nbsp; 1476 | 1105105 |
| 6.20%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 445 | 489704 |
| CRH America Finance, Inc. |  |  |
| 4.40%, 05/09/47<sup>(b)</sup> | &nbsp;&nbsp; 425 | 362757 |
| 4.50%, 04/04/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 670 | 581074 |
| 5.60%, 02/09/56 | &nbsp;&nbsp; 540 | 539785 |
| 5.88%, 01/09/55<sup>(a)</sup> | &nbsp;&nbsp; 495 | 514349 |
| CRH America, Inc., 5.13%, 05/18/45<sup>(b)</sup> | &nbsp;&nbsp; 356 | 341368 |
| Eagle Materials, Inc., 5.00%, 03/15/36 | &nbsp;&nbsp; 80 | 79233 |
| Fortune Brands Innovations, Inc., 4.50%, <br> 03/25/52<sup>(a)</sup><br>| &nbsp;&nbsp; 266 | 216306 |
| Johnson Controls International PLC |  |  |
| 4.50%, 02/15/47 | &nbsp;&nbsp; 583 | 514931 |
| 4.63%, 07/02/44 | &nbsp;&nbsp; 281 | 253900 |
| 4.95%, 07/02/64<sup>(c)</sup> | &nbsp;&nbsp; 306 | 271387 |
| Martin Marietta Materials, Inc. |  |  |
| 3.20%, 07/15/51 | &nbsp;&nbsp; 747 | 508645 |
| 4.25%, 12/15/47 | &nbsp;&nbsp; 679 | 569711 |
| 5.50%, 12/01/54 | &nbsp;&nbsp; 662 | 650042 |
| Masco Corp. |  |  |
| 3.13%, 02/15/51<sup>(a)</sup> | &nbsp;&nbsp; 196 | 132016 |
| 4.50%, 05/15/47<sup>(a)</sup> | &nbsp;&nbsp; 432 | 374283 |
| Owens Corning |  |  |
| 4.30%, 07/15/47 | &nbsp;&nbsp; 504 | 416637 |
| 4.40%, 01/30/48 | &nbsp;&nbsp; 599 | 504762 |
| 5.95%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 550 | 569386 |
| 7.00%, 12/01/36 | &nbsp;&nbsp; 416 | 477921 |
| Trane Technologies Financing Ltd. |  |  |
| 4.50%, 03/21/49 | &nbsp;&nbsp; 378 | 332348 |
| 4.65%, 11/01/44 | &nbsp;&nbsp; 222 | 204917 |
| Trane Technologies Holdco, Inc. |  |  |
| 4.30%, 02/21/48 | &nbsp;&nbsp; 313 | 271804 |
| 5.75%, 06/15/43 | &nbsp;&nbsp; 363 | 385241 |
| Votorantim Cimentos International SA, 7.25%, <br> 04/05/41<sup>(b)</sup><br>| &nbsp;&nbsp; 205 | 232132 |
| Vulcan Materials Co. |  |  |
| 4.50%, 06/15/47<sup>(a)</sup> | &nbsp;&nbsp; 685 | 597033 |
| 4.70%, 03/01/48 | &nbsp;&nbsp; 492 | 440777 |
| 5.70%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 555 | 559720 |
|  |  | 14805949 |
| **Chemicals — 1.3%** | **Chemicals — 1.3%** | **Chemicals — 1.3%** |
| Air Liquide Finance SA, 3.50%, 09/27/46<sup>(b)</sup> | &nbsp;&nbsp; 615 | 475757 |
| Air Products and Chemicals, Inc. |  |  |
| 2.70%, 05/15/40 | &nbsp;&nbsp; 568 | 434976 |
| 2.80%, 05/15/50 | &nbsp;&nbsp; 866 | 566930 |
| Albemarle Corp. |  |  |
| 5.45%, 12/01/44 | &nbsp;&nbsp; 367 | 346051 |
| 5.65%, 06/01/52 | &nbsp;&nbsp; 356 | 326499 |
| CF Industries, Inc. |  |  |
| 4.95%, 06/01/43 | &nbsp;&nbsp; 669 | 614395 |
| 5.38%, 03/15/44 | &nbsp;&nbsp; 824 | 789867 |
| Dow Chemical Co.(The) |  |  |
| 3.60%, 11/15/50 | &nbsp;&nbsp; 781 | 507867 |
| 4.38%, 11/15/42 | &nbsp;&nbsp; 1804 | 1427737 |
| 4.63%, 10/01/44<sup>(a)</sup> | &nbsp;&nbsp; 956 | 772315 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 4.80%, 05/15/49<sup>(a)</sup> | &nbsp;&nbsp; $935 | $730852 |
| 5.25%, 11/15/41 | &nbsp;&nbsp; 1264 | 1134025 |
| 5.55%, 11/30/48<sup>(a)</sup> | &nbsp;&nbsp; 909 | 800922 |
| 5.60%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 540 | 467464 |
| 5.95%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 565 | 511705 |
| 6.90%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 875 | 895885 |
| 9.40%, 05/15/39 | &nbsp;&nbsp; 701 | 901091 |
| DuPont de Nemours, Inc. |  |  |
| 5.32%, 11/15/38 | &nbsp;&nbsp; 638 | 647701 |
| 5.42%, 11/15/48 | &nbsp;&nbsp; 631 | 603487 |
| Eastman Chemical Co. |  |  |
| 4.65%, 10/15/44 | &nbsp;&nbsp; 1011 | 879011 |
| 4.80%, 09/01/42 | &nbsp;&nbsp; 320 | 290233 |
| Ecolab, Inc. |  |  |
| 2.13%, 08/15/50 | &nbsp;&nbsp; 422 | 236215 |
| 2.70%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 770 | 485530 |
| 2.75%, 08/18/55 | &nbsp;&nbsp; 587 | 361637 |
| 3.95%, 12/01/47<sup>(a)</sup> | &nbsp;&nbsp; 481 | 401341 |
| 5.50%, 12/08/41<sup>(a)</sup> | &nbsp;&nbsp; 404 | 427819 |
| International Flavors & Fragrances, Inc. |  |  |
| 3.27%, 11/15/40<sup>(b)</sup> | &nbsp;&nbsp; 319 | 250513 |
| 3.47%, 12/01/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 857 | 603512 |
| 4.38%, 06/01/47 | &nbsp;&nbsp; 360 | 298026 |
| 5.00%, 09/26/48 | &nbsp;&nbsp; 620 | 559588 |
| Linde, Inc./CT |  |  |
| 2.00%, 08/10/50 | &nbsp;&nbsp; 209 | 114050 |
| 3.55%, 11/07/42 | &nbsp;&nbsp; 710 | 581181 |
| LYB International Finance BV |  |  |
| 4.88%, 03/15/44<sup>(a)</sup> | &nbsp;&nbsp; 1059 | 887058 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 702 | 614919 |
| LYB International Finance III LLC |  |  |
| 3.38%, 10/01/40 | &nbsp;&nbsp; 1843 | 1364850 |
| 3.63%, 04/01/51 | &nbsp;&nbsp; 1003 | 654841 |
| 3.80%, 10/01/60<sup>(a)</sup> | &nbsp;&nbsp; 543 | 343072 |
| 4.20%, 10/15/49 | &nbsp;&nbsp; 961 | 697098 |
| 4.20%, 05/01/50 | &nbsp;&nbsp; 865 | 623385 |
| LyondellBasell Industries NV, 4.63%, 02/26/55<sup>(a)</sup> | &nbsp;&nbsp; 834 | 642856 |
| Mosaic Co.(The) |  |  |
| 4.88%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 305 | 280414 |
| 5.63%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 615 | 602259 |
| Nutrien Ltd. |  |  |
| 3.95%, 05/13/50 | &nbsp;&nbsp; 541 | 420841 |
| 4.90%, 06/01/43 | &nbsp;&nbsp; 570 | 526632 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 574 | 525497 |
| 5.25%, 01/15/45 | &nbsp;&nbsp; 408 | 393928 |
| 5.63%, 12/01/40 | &nbsp;&nbsp; 381 | 387619 |
| 5.80%, 03/27/53<sup>(a)</sup> | &nbsp;&nbsp; 653 | 667658 |
| 5.88%, 12/01/36 | &nbsp;&nbsp; 542 | 576615 |
| 6.13%, 01/15/41 | &nbsp;&nbsp; 289 | 308806 |
| OCP SA, 7.50%, 05/02/54<sup>(b)</sup> | &nbsp;&nbsp; 32 | 35977 |
| Orbia Advance Corp. SAB de CV |  |  |
| 5.50%, 01/15/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 443 | 330946 |
| 5.88%, 09/17/44<sup>(b)</sup> | &nbsp;&nbsp; 739 | 598693 |
| 6.75%, 09/19/42<sup>(b)</sup> | &nbsp;&nbsp; 395 | 346885 |
| PPG Industries, Inc., 5.50%, 11/15/40 | &nbsp;&nbsp; 195 | 199809 |
| RPM International, Inc. |  |  |
| 4.25%, 01/15/48 | &nbsp;&nbsp; 260 | 215391 |
| 5.25%, 06/01/45<sup>(a)</sup> | &nbsp;&nbsp; 324 | 313112 |
| Sherwin-Williams Co.(The) |  |  |
| 2.90%, 03/15/52<sup>(a)</sup> | &nbsp;&nbsp; 368 | 231238 |
| 3.30%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 563 | 392005 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 3.80%, 08/15/49 | &nbsp;&nbsp; $471 | $359100 |
| 4.00%, 12/15/42 | &nbsp;&nbsp; 224 | 188332 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 1164 | 1009369 |
| 4.55%, 08/01/45 | &nbsp;&nbsp; 523 | 457011 |
| Sociedad Quimica y Minera de Chile SA |  |  |
| 3.50%, 09/10/51<sup>(b)</sup> | &nbsp;&nbsp; 611 | 430905 |
| 4.25%, 01/22/50<sup>(b)</sup> | &nbsp;&nbsp; 345 | 283683 |
| Westlake Corp. |  |  |
| 2.88%, 08/15/41 | &nbsp;&nbsp; 409 | 289491 |
| 3.13%, 08/15/51 | &nbsp;&nbsp; 534 | 331344 |
| 3.38%, 08/15/61<sup>(a)</sup> | &nbsp;&nbsp; 701 | 426475 |
| 4.38%, 11/15/47<sup>(a)</sup> | &nbsp;&nbsp; 348 | 277150 |
| 5.00%, 08/15/46 | &nbsp;&nbsp; 790 | 694880 |
| 6.38%, 11/15/55 | &nbsp;&nbsp; 495 | 495963 |
|  |  | 36870289 |
| **Commercial Services — 1.4%** | **Commercial Services — 1.4%** | **Commercial Services — 1.4%** |
| Adani Ports & Special Economic Zone Ltd., 5.00%, <br> 08/02/41<sup>(b)</sup><br>| &nbsp;&nbsp; 150 | 132890 |
| American University (The), Series 2019, 3.67%, <br> 04/01/49<br>| &nbsp;&nbsp; 330 | 259304 |
| Brown University, Series A, 2.92%, 09/01/50 | &nbsp;&nbsp; 363 | 247941 |
| California Endowment (The), Series 2021, 2.50%, <br> 04/01/51<sup>(a)</sup><br>| &nbsp;&nbsp; 340 | 208546 |
| California Institute of Technology |  |  |
| 3.65%, 09/01/2119 | &nbsp;&nbsp; 327 | 216392 |
| 4.32%, 08/01/45 | &nbsp;&nbsp; 418 | 373554 |
| 4.70%, 11/01/2111 | &nbsp;&nbsp; 310 | 253006 |
| Case Western Reserve University, 5.41%, <br> 06/01/2122<br>| &nbsp;&nbsp; 215 | 202128 |
| Claremont Mckenna College, 3.78%, 01/01/2122 | &nbsp;&nbsp; 195 | 130162 |
| DP World Ltd./United Arab Emirates |  |  |
| 4.70%, 09/30/49<sup>(b)</sup> | &nbsp;&nbsp; 440 | 380054 |
| 5.63%, 09/25/48<sup>(b)</sup> | &nbsp;&nbsp; 1311 | 1282700 |
| 6.85%, 07/02/37<sup>(a)(b)</sup> | &nbsp;&nbsp; 1655 | 1854229 |
| Duke University |  |  |
| 3.20%, 10/01/38 | &nbsp;&nbsp; 160 | 135708 |
| 3.30%, 10/01/46 | &nbsp;&nbsp; 190 | 143510 |
| Series 2020, 2.68%, 10/01/44 | &nbsp;&nbsp; 312 | 238288 |
| Series 2020, 2.76%, 10/01/50<sup>(a)</sup> | &nbsp;&nbsp; 174 | 115681 |
| Series 2020, 2.83%, 10/01/55 | &nbsp;&nbsp; 442 | 289023 |
| Emory University, Series 2020, 2.97%, 09/01/50 | &nbsp;&nbsp; 226 | 152031 |
| Equifax, Inc., 7.00%, 07/01/37 | &nbsp;&nbsp; 190 | 216152 |
| ERAC USA Finance LLC |  |  |
| 4.20%, 11/01/46<sup>(b)</sup> | &nbsp;&nbsp; 763 | 643446 |
| 4.50%, 02/15/45<sup>(b)</sup> | &nbsp;&nbsp; 336 | 301173 |
| 5.40%, 05/01/53<sup>(a)(b)</sup> | &nbsp;&nbsp; 995 | 989714 |
| 5.63%, 03/15/42<sup>(b)</sup> | &nbsp;&nbsp; 412 | 426164 |
| 7.00%, 10/15/37<sup>(b)</sup> | &nbsp;&nbsp; 1695 | 1994560 |
| Ford Foundation(The) |  |  |
| Series 2017, 3.86%, 06/01/47<sup>(a)</sup> | &nbsp;&nbsp; 311 | 262331 |
| Series 2020, 2.42%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 359 | 221399 |
| Series 2020, 2.82%, 06/01/70 | &nbsp;&nbsp; 540 | 321861 |
| George Washington University(The) |  |  |
| 4.87%, 09/15/45 | &nbsp;&nbsp; 392 | 370327 |
| Series 2014, 4.30%, 09/15/44<sup>(a)</sup> | &nbsp;&nbsp; 252 | 222166 |
| Series 2016, 3.55%, 09/15/46 | &nbsp;&nbsp; 514 | 401599 |
| Series 2018, 4.13%, 09/15/48 | &nbsp;&nbsp; 382 | 321868 |
| Georgetown University(The) |  |  |
| 5.12%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 215 | 206726 |
| Series 20A, 2.94%, 04/01/50 | &nbsp;&nbsp; 306 | 205497 |
| Series A, 5.22%, 10/01/2118 | &nbsp;&nbsp; 195 | 176681 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Series B, 4.32%, 04/01/49 | &nbsp;&nbsp; $192 | $164550 |
| Global Payments, Inc. |  |  |
| 4.15%, 08/15/49 | &nbsp;&nbsp; 570 | 424500 |
| 5.95%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 495 | 471642 |
| Howard University, 5.21%, 10/01/52 | &nbsp;&nbsp; 225 | 195015 |
| ITR Concession Co. LLC, 5.28%, 07/15/40<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28237 |
| Johns Hopkins University |  |  |
| Series 2013, 4.08%, 07/01/53 | &nbsp;&nbsp; 241 | 202671 |
| Series A, 2.81%, 01/01/60 | &nbsp;&nbsp; 280 | 171922 |
| Leland Stanford Junior University(The) |  |  |
| 2.41%, 06/01/50 | &nbsp;&nbsp; 413 | 257649 |
| 3.46%, 05/01/47 | &nbsp;&nbsp; 190 | 149606 |
| 3.65%, 05/01/48 | &nbsp;&nbsp; 617 | 500588 |
| Massachusetts Institute of Technology |  |  |
| 3.07%, 04/01/52 | &nbsp;&nbsp; 355 | 248454 |
| 3.89%, 07/01/2116 | &nbsp;&nbsp; 370 | 267233 |
| 3.96%, 07/01/38 | &nbsp;&nbsp; 189 | 179340 |
| 4.68%, 07/01/2114 | &nbsp;&nbsp; 514 | 443476 |
| 5.60%, 07/01/2111 | &nbsp;&nbsp; 712 | 734238 |
| 5.62%, 06/01/55 | &nbsp;&nbsp; 590 | 627689 |
| Series F, 2.99%, 07/01/50 | &nbsp;&nbsp; 354 | 246139 |
| Series G, 2.29%, 07/01/51 | &nbsp;&nbsp; 551 | 324224 |
| Metropolitan Museum of Art (The), Series 2015, <br> 3.40%, 07/01/45<br>| &nbsp;&nbsp; 193 | 151658 |
| Moody's Corp. |  |  |
| 2.55%, 08/18/60 | &nbsp;&nbsp; 256 | 135668 |
| 2.75%, 08/19/41 | &nbsp;&nbsp; 435 | 320923 |
| 3.10%, 11/29/61 | &nbsp;&nbsp; 502 | 309943 |
| 3.25%, 05/20/50 | &nbsp;&nbsp; 244 | 169685 |
| 3.75%, 02/25/52 | &nbsp;&nbsp; 107 | 80942 |
| 4.88%, 12/17/48 | &nbsp;&nbsp; 359 | 323045 |
| 5.25%, 07/15/44 | &nbsp;&nbsp; 455 | 444938 |
| Northeastern University, Series 2020, 2.89%, <br> 10/01/50<br>| &nbsp;&nbsp; 215 | 147064 |
| Northwestern University |  |  |
| 3.69%, 12/01/38 | &nbsp;&nbsp; 165 | 151424 |
| 3.87%, 12/01/48 | &nbsp;&nbsp; 190 | 155869 |
| 4.64%, 12/01/44<sup>(a)</sup> | &nbsp;&nbsp; 190 | 184571 |
| Series 2017, 3.66%, 12/01/57 | &nbsp;&nbsp; 247 | 187250 |
| Series 2020, 2.64%, 12/01/50 | &nbsp;&nbsp; 192 | 123892 |
| PayPal Holdings, Inc. |  |  |
| 3.25%, 06/01/50 | &nbsp;&nbsp; 874 | 597938 |
| 5.05%, 06/01/52<sup>(a)</sup> | &nbsp;&nbsp; 686 | 617243 |
| 5.25%, 06/01/62<sup>(a)</sup> | &nbsp;&nbsp; 486 | 444427 |
| 5.50%, 06/01/54 | &nbsp;&nbsp; 420 | 400626 |
| Pelabuhan Indonesia Persero PT, 5.38%, <br> 05/05/45<sup>(b)</sup><br>| &nbsp;&nbsp; 640 | 606221 |
| President and Fellows of Harvard College |  |  |
| 2.52%, 10/15/50<sup>(a)</sup> | &nbsp;&nbsp; 439 | 278034 |
| 3.15%, 07/15/46<sup>(a)</sup> | &nbsp;&nbsp; 345 | 260897 |
| 3.30%, 07/15/56 | &nbsp;&nbsp; 409 | 288215 |
| 3.62%, 10/01/37<sup>(a)</sup> | &nbsp;&nbsp; 387 | 352528 |
| 3.75%, 11/15/52 | &nbsp;&nbsp; 394 | 311898 |
| 4.88%, 10/15/40 | &nbsp;&nbsp; 115 | 117071 |
| 5.26%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10714 |
| 6.50%, 01/15/39<sup>(b)</sup> | &nbsp;&nbsp; 165 | 190526 |
| Quanta Services, Inc., 3.05%, 10/01/41 | &nbsp;&nbsp; 1518 | 1153247 |
| Rockefeller Foundation (The), Series 2020, 2.49%, <br> 10/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 747 | 470691 |
| S&P Global, Inc. |  |  |
| 2.30%, 08/15/60<sup>(a)</sup> | &nbsp;&nbsp; 600 | 309266 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 3.25%, 12/01/49 | &nbsp;&nbsp; $460 | $326837 |
| 3.70%, 03/01/52 | &nbsp;&nbsp; 622 | 473110 |
| 3.90%, 03/01/62 | &nbsp;&nbsp; 471 | 355151 |
| 4.50%, 05/15/48<sup>(a)</sup> | &nbsp;&nbsp; 270 | 235238 |
| 6.55%, 11/15/37<sup>(a)</sup> | &nbsp;&nbsp; 170 | 193390 |
| Thomas Jefferson University, 3.85%, 11/01/57<sup>(a)</sup> | &nbsp;&nbsp; 163 | 120788 |
| TR Finance LLC |  |  |
| 5.65%, 11/23/43 | &nbsp;&nbsp; 155 | 155773 |
| 5.85%, 04/15/40 | &nbsp;&nbsp; 245 | 249964 |
| Transurban Finance Co. Pty Ltd., 4.92%, <br> 03/24/36<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 475 | 480788 |
| Trustees of Boston College |  |  |
| 3.13%, 07/01/52 | &nbsp;&nbsp; 192 | 136002 |
| 3.99%, 07/01/47 | &nbsp;&nbsp; 230 | 194565 |
| Trustees of Dartmouth College, 3.47%, 06/01/46 | &nbsp;&nbsp; 190 | 148368 |
| Trustees of Princeton University(The) |  |  |
| 4.20%, 03/01/52 | &nbsp;&nbsp; 195 | 167265 |
| 5.70%, 03/01/39 | &nbsp;&nbsp; 199 | 217964 |
| Series 2020, 2.52%, 07/01/50 | &nbsp;&nbsp; 290 | 189302 |
| Trustees of the University of Pennsylvania(The) |  |  |
| 3.61%, 02/15/2119<sup>(a)</sup> | &nbsp;&nbsp; 214 | 141358 |
| 4.67%, 09/01/2112 | &nbsp;&nbsp; 205 | 173018 |
| Series 2020, 2.40%, 10/01/50 | &nbsp;&nbsp; 190 | 116639 |
| Trustees of Tufts College |  |  |
| 3.10%, 08/15/51 | &nbsp;&nbsp; 220 | 148187 |
| Series 2012, 5.02%, 04/15/2112 | &nbsp;&nbsp; 190 | 166049 |
| University of Chicago(The) |  |  |
| 3.00%, 10/01/52<sup>(a)</sup> | &nbsp;&nbsp; 40 | 28391 |
| 4.00%, 10/01/53 | &nbsp;&nbsp; 345 | 283013 |
| Series 20B, 2.76%, 04/01/45 | &nbsp;&nbsp; 190 | 153962 |
| Series C, 2.55%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 380 | 253284 |
| University of Miami, 4.06%, 04/01/52<sup>(a)</sup> | &nbsp;&nbsp; 340 | 279428 |
| University of Notre Dame du Lac |  |  |
| Series 2015, 3.44%, 02/15/45 | &nbsp;&nbsp; 427 | 340114 |
| Series 2017, 3.39%, 02/15/48 | &nbsp;&nbsp; 193 | 149353 |
| University of Southern California |  |  |
| 2.81%, 10/01/50 | &nbsp;&nbsp; 441 | 292198 |
| 3.03%, 10/01/39 | &nbsp;&nbsp; 152 | 129020 |
| 4.98%, 10/01/53<sup>(a)</sup> | &nbsp;&nbsp; 385 | 367204 |
| 5.25%, 10/01/2111<sup>(a)</sup> | &nbsp;&nbsp; 232 | 223259 |
| Series 2017, 3.84%, 10/01/47 | &nbsp;&nbsp; 142 | 117877 |
| Series 21A, 2.95%, 10/01/51 | &nbsp;&nbsp; 409 | 275558 |
| Series A, 3.23%, 10/01/2120 | &nbsp;&nbsp; 220 | 132437 |
| Verisk Analytics, Inc. |  |  |
| 3.63%, 05/15/50 | &nbsp;&nbsp; 335 | 243528 |
| 5.50%, 06/15/45<sup>(a)</sup> | &nbsp;&nbsp; 198 | 192048 |
| Washington University(The) |  |  |
| 3.52%, 04/15/54<sup>(a)</sup> | &nbsp;&nbsp; 325 | 245446 |
| 4.35%, 04/15/2122 | &nbsp;&nbsp; 337 | 264079 |
| Wesleyan University, 4.78%, 07/01/2116<sup>(a)</sup> | &nbsp;&nbsp; 201 | 162397 |
| William Marsh Rice University |  |  |
| 3.57%, 05/15/45<sup>(a)</sup> | &nbsp;&nbsp; 323 | 265451 |
| 3.77%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 225 | 176415 |
| Yale University, Series 2020, 2.40%, 04/15/50 | &nbsp;&nbsp; 261 | 161743 |
|  |  | 37956359 |
| **Computers — 1.9%** | **Computers — 1.9%** | **Computers — 1.9%** |
| Apple, Inc. |  |  |
| 2.38%, 02/08/41 | &nbsp;&nbsp; 1405 | 1031230 |
| 2.40%, 08/20/50 | &nbsp;&nbsp; 1940 | 1165709 |
| 2.55%, 08/20/60 | &nbsp;&nbsp; 1684 | 948491 |
| 2.65%, 05/11/50 | &nbsp;&nbsp; 3090 | 1968757 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 2.65%, 02/08/51 | &nbsp;&nbsp; $2814 | $1775723 |
| 2.70%, 08/05/51 | &nbsp;&nbsp; 1526 | 970521 |
| 2.80%, 02/08/61 | &nbsp;&nbsp; 1660 | 987979 |
| 2.85%, 08/05/61 | &nbsp;&nbsp; 1320 | 798885 |
| 2.95%, 09/11/49 | &nbsp;&nbsp; 2048 | 1398745 |
| 3.45%, 02/09/45 | &nbsp;&nbsp; 1935 | 1532397 |
| 3.75%, 09/12/47 | &nbsp;&nbsp; 1540 | 1239150 |
| 3.75%, 11/13/47 | &nbsp;&nbsp; 1627 | 1307400 |
| 3.85%, 05/04/43 | &nbsp;&nbsp; 2904 | 2489189 |
| 3.85%, 08/04/46 | &nbsp;&nbsp; 2606 | 2151060 |
| 3.95%, 08/08/52 | &nbsp;&nbsp; 1450 | 1168147 |
| 4.10%, 08/08/62 | &nbsp;&nbsp; 1205 | 960844 |
| 4.25%, 02/09/47 | &nbsp;&nbsp; 1530 | 1335735 |
| 4.38%, 05/13/45 | &nbsp;&nbsp; 1987 | 1798100 |
| 4.45%, 05/06/44<sup>(a)</sup> | &nbsp;&nbsp; 977 | 909260 |
| 4.65%, 02/23/46 | &nbsp;&nbsp; 4233 | 3943167 |
| 4.85%, 05/10/53 | &nbsp;&nbsp; 1136 | 1087553 |
| Dell International LLC/EMC Corp. |  |  |
| 3.38%, 12/15/41 | &nbsp;&nbsp; 940 | 726822 |
| 3.45%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 349 | 244883 |
| 8.10%, 07/15/36 | &nbsp;&nbsp; 866 | 1053046 |
| 8.35%, 07/15/46 | &nbsp;&nbsp; 680 | 869553 |
| Dell, Inc. |  |  |
| 5.40%, 09/10/40<sup>(a)</sup> | &nbsp;&nbsp; 258 | 255802 |
| 6.50%, 04/15/38 | &nbsp;&nbsp; 195 | 211401 |
| Hewlett Packard Enterprise Co. |  |  |
| 5.60%, 10/15/54 | &nbsp;&nbsp; 1195 | 1099789 |
| 6.35%, 10/15/45<sup>(a)</sup> | &nbsp;&nbsp; 1463 | 1502739 |
| HP, Inc., 6.00%, 09/15/41<sup>(a)</sup> | &nbsp;&nbsp; 1027 | 1030004 |
| IBM International Capital Pte Ltd. |  |  |
| 5.25%, 02/05/44 | &nbsp;&nbsp; 890 | 857884 |
| 5.30%, 02/05/54 | &nbsp;&nbsp; 1473 | 1369264 |
| International Business Machines Corp. |  |  |
| 2.85%, 05/15/40 | &nbsp;&nbsp; 854 | 646046 |
| 2.95%, 05/15/50 | &nbsp;&nbsp; 607 | 389169 |
| 3.43%, 02/09/52<sup>(a)</sup> | &nbsp;&nbsp; 501 | 344498 |
| 4.00%, 06/20/42 | &nbsp;&nbsp; 904 | 762975 |
| 4.15%, 05/15/39<sup>(a)</sup> | &nbsp;&nbsp; 2201 | 1973689 |
| 4.25%, 05/15/49<sup>(a)</sup> | &nbsp;&nbsp; 2888 | 2341967 |
| 4.70%, 02/19/46 | &nbsp;&nbsp; 902 | 799646 |
| 4.90%, 07/27/52 | &nbsp;&nbsp; 890 | 786047 |
| 5.10%, 02/06/53 | &nbsp;&nbsp; 801 | 728515 |
| 5.60%, 11/30/39<sup>(a)</sup> | &nbsp;&nbsp; 920 | 957532 |
| 5.70%, 02/10/55<sup>(a)</sup> | &nbsp;&nbsp; 1055 | 1039278 |
| 7.13%, 12/01/96<sup>(a)</sup> | &nbsp;&nbsp; 847 | 994629 |
| Kyndryl Holdings, Inc., 4.10%, 10/15/41 | &nbsp;&nbsp; 326 | 233826 |
|  |  | 52187046 |
| **Cosmetics & Personal Care — 0.3%** | **Cosmetics & Personal Care — 0.3%** | **Cosmetics & Personal Care — 0.3%** |
| Colgate-Palmolive Co. |  |  |
| 3.70%, 08/01/47 | &nbsp;&nbsp; 359 | 291657 |
| 4.00%, 08/15/45<sup>(a)</sup> | &nbsp;&nbsp; 514 | 451435 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 3.13%, 12/01/49 | &nbsp;&nbsp; 497 | 338423 |
| 3.70%, 08/15/42<sup>(a)</sup> | &nbsp;&nbsp; 174 | 141547 |
| 4.15%, 03/15/47 | &nbsp;&nbsp; 453 | 371830 |
| 4.38%, 06/15/45 | &nbsp;&nbsp; 396 | 341507 |
| 5.15%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 475 | 444920 |
| 6.00%, 05/15/37<sup>(a)</sup> | &nbsp;&nbsp; 475 | 524669 |
| Haleon U.S. Capital LLC, 4.00%, 03/24/52<sup>(a)</sup> | &nbsp;&nbsp; 757 | 608411 |
| Kenvue, Inc. |  |  |
| 5.05%, 03/22/53<sup>(a)</sup> | &nbsp;&nbsp; 1370 | 1277643 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** |
| 5.10%, 03/22/43<sup>(a)</sup> | &nbsp;&nbsp; $565 | $555435 |
| 5.20%, 03/22/63 | &nbsp;&nbsp; 1055 | 980339 |
| Procter & Gamble Co.(The) |  |  |
| 3.50%, 10/25/47<sup>(a)</sup> | &nbsp;&nbsp; 350 | 278662 |
| 3.55%, 03/25/40 | &nbsp;&nbsp; 566 | 499556 |
| 3.60%, 03/25/50<sup>(a)</sup> | &nbsp;&nbsp; 388 | 305617 |
| 5.55%, 03/05/37 | &nbsp;&nbsp; 625 | 685032 |
| Unilever Capital Corp., Series 30Y, 2.63%, <br> 08/12/51<br>| &nbsp;&nbsp; 486 | 309952 |
|  |  | 8406635 |
| **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** |
| WW Grainger, Inc. |  |  |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 450 | 365597 |
| 4.20%, 05/15/47 | &nbsp;&nbsp; 367 | 316455 |
| 4.60%, 06/15/45<sup>(a)</sup> | &nbsp;&nbsp; 822 | 757247 |
|  |  | 1439299 |
| **Diversified Financial Services — 1.2%** | **Diversified Financial Services — 1.2%** | **Diversified Financial Services — 1.2%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, 3.85%, 10/29/41<br>| &nbsp;&nbsp; 1852 | 1541861 |
| American Express Co., 4.05%, 12/03/42 | &nbsp;&nbsp; 161 | 140473 |
| Apollo Global Management, Inc., 5.80%, <br> 05/21/54<sup>(a)</sup><br>| &nbsp;&nbsp; 767 | 726096 |
| Ares Finance Co. IV LLC, 3.65%, 02/01/52<sup>(b)</sup> | &nbsp;&nbsp; 472 | 320934 |
| Ares Management Corp., 5.60%, 10/11/54<sup>(a)</sup> | &nbsp;&nbsp; 755 | 686161 |
| Blackstone Holdings Finance Co. LLC |  |  |
| 2.80%, 09/30/50<sup>(b)</sup> | &nbsp;&nbsp; 593 | 365278 |
| 2.85%, 08/05/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 775 | 483694 |
| 3.20%, 01/30/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 818 | 543934 |
| 3.50%, 09/10/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 423 | 304388 |
| 4.00%, 10/02/47<sup>(b)</sup> | &nbsp;&nbsp; 230 | 180740 |
| 4.45%, 07/15/45<sup>(b)</sup> | &nbsp;&nbsp; 305 | 262748 |
| 5.00%, 06/15/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 256 | 238642 |
| 6.25%, 08/15/42<sup>(b)</sup> | &nbsp;&nbsp; 400 | 424192 |
| Blue Owl Finance LLC, 4.13%, 10/07/51<sup>(a)</sup> | &nbsp;&nbsp; 175 | 116296 |
| Brookfield Asset Management Ltd., 6.08%, <br> 09/15/55<br>| &nbsp;&nbsp; 775 | 787953 |
| Brookfield Finance LLC/Brookfield Finance, Inc., <br> 3.45%, 04/15/50<br>| &nbsp;&nbsp; 585 | 395723 |
| Brookfield Finance, Inc. |  |  |
| 3.50%, 03/30/51 | &nbsp;&nbsp; 618 | 422192 |
| 3.63%, 02/15/52 | &nbsp;&nbsp; 438 | 304626 |
| 4.70%, 09/20/47 | &nbsp;&nbsp; 1280 | 1103651 |
| 5.97%, 03/04/54 | &nbsp;&nbsp; 950 | 946027 |
| CI Financial Corp., 4.10%, 06/15/51 | &nbsp;&nbsp; 340 | 238956 |
| CME Group, Inc. |  |  |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 1092 | 936771 |
| 5.30%, 09/15/43 | &nbsp;&nbsp; 801 | 818253 |
| FMR LLC |  |  |
| 5.15%, 02/01/43<sup>(b)</sup> | &nbsp;&nbsp; 400 | 390018 |
| 6.45%, 11/15/39<sup>(b)</sup> | &nbsp;&nbsp; 505 | 563527 |
| 6.50%, 12/14/40<sup>(b)</sup> | &nbsp;&nbsp; 467 | 525015 |
| Franklin Resources, Inc., 2.95%, 08/12/51 | &nbsp;&nbsp; 395 | 250654 |
| Invesco Finance PLC, 5.38%, 11/30/43 | &nbsp;&nbsp; 508 | 497672 |
| Jefferies Financial Group, Inc. |  |  |
| 6.50%, 01/20/43<sup>(a)</sup> | &nbsp;&nbsp; 432 | 439549 |
| 6.63%, 10/23/43<sup>(a)</sup> | &nbsp;&nbsp; 303 | 304553 |
| KKR Group Finance Co. II LLC, 5.50%, <br> 02/01/43<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 541 | 525013 |
| Legg Mason, Inc., 5.63%, 01/15/44<sup>(a)</sup> | &nbsp;&nbsp; 635 | 635339 |
| LSEGA Financing PLC, 3.20%, 04/06/41<sup>(b)</sup> | &nbsp;&nbsp; 890 | 692283 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Mastercard, Inc. |  |  |
| 2.95%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; $233 | $155298 |
| 3.65%, 06/01/49 | &nbsp;&nbsp; 719 | 553875 |
| 3.80%, 11/21/46 | &nbsp;&nbsp; 577 | 467756 |
| 3.85%, 03/26/50 | &nbsp;&nbsp; 1541 | 1225791 |
| 3.95%, 02/26/48 | &nbsp;&nbsp; 634 | 517799 |
| Nasdaq, Inc. |  |  |
| 2.50%, 12/21/40 | &nbsp;&nbsp; 1529 | 1102441 |
| 3.25%, 04/28/50<sup>(a)</sup> | &nbsp;&nbsp; 1017 | 697414 |
| 3.95%, 03/07/52 | &nbsp;&nbsp; 526 | 399418 |
| 5.95%, 08/15/53<sup>(a)</sup> | &nbsp;&nbsp; 645 | 668553 |
| 6.10%, 06/28/63 | &nbsp;&nbsp; 940 | 976256 |
| Neuberger Berman Group LLC/Neuberger Berman <br> Finance Corp., 4.88%, 04/15/45<sup>(b)</sup><br>| &nbsp;&nbsp; 346 | 307127 |
| Raymond James Financial, Inc. |  |  |
| 3.75%, 04/01/51 | &nbsp;&nbsp; 766 | 567046 |
| 4.95%, 07/15/46 | &nbsp;&nbsp; 1190 | 1098506 |
| 5.65%, 09/11/55 | &nbsp;&nbsp; 830 | 812255 |
| Visa, Inc. |  |  |
| 2.00%, 08/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1642 | 905419 |
| 2.70%, 04/15/40 | &nbsp;&nbsp; 907 | 709255 |
| 3.65%, 09/15/47<sup>(a)</sup> | &nbsp;&nbsp; 660 | 523261 |
| 4.30%, 12/14/45 | &nbsp;&nbsp; 3190 | 2826809 |
| Voya Financial, Inc. |  |  |
| 4.80%, 06/15/46 | &nbsp;&nbsp; 304 | 268799 |
| 5.70%, 07/15/43 | &nbsp;&nbsp; 422 | 417176 |
| Western Union Co.(The) |  |  |
| 6.20%, 11/17/36<sup>(a)</sup> | &nbsp;&nbsp; 359 | 373088 |
| 6.20%, 06/21/40 | &nbsp;&nbsp; 179 | 184631 |
|  |  | 32871185 |
| **Electric — 13.2%** | **Electric — 13.2%** | **Electric — 13.2%** |
| Abu Dhabi National Energy Co. PJSC |  |  |
| 3.40%, 04/29/51<sup>(b)</sup> | &nbsp;&nbsp; 937 | 688430 |
| 4.00%, 10/03/49<sup>(b)</sup> | &nbsp;&nbsp; 633 | 517194 |
| 4.75%, 03/09/37<sup>(b)</sup> | &nbsp;&nbsp; 655 | 646439 |
| 6.50%, 10/27/36<sup>(b)</sup> | &nbsp;&nbsp; 1015 | 1161732 |
| AEP Texas, Inc. |  |  |
| 3.45%, 05/15/51 | &nbsp;&nbsp; 308 | 212400 |
| 3.80%, 10/01/47 | &nbsp;&nbsp; 378 | 283747 |
| 5.25%, 05/15/52 | &nbsp;&nbsp; 520 | 479353 |
| 5.85%, 10/15/55 | &nbsp;&nbsp; 690 | 689722 |
| Series G, 4.15%, 05/01/49 | &nbsp;&nbsp; 401 | 315414 |
| Series H, 3.45%, 01/15/50 | &nbsp;&nbsp; 547 | 383656 |
| AEP Transmission Co. LLC |  |  |
| 3.15%, 09/15/49 | &nbsp;&nbsp; 560 | 384211 |
| 3.75%, 12/01/47 | &nbsp;&nbsp; 629 | 489715 |
| 3.80%, 06/15/49 | &nbsp;&nbsp; 459 | 352971 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 420 | 342757 |
| 4.25%, 09/15/48 | &nbsp;&nbsp; 466 | 388424 |
| 4.50%, 06/15/52 | &nbsp;&nbsp; 530 | 453116 |
| 5.40%, 03/15/53<sup>(a)</sup> | &nbsp;&nbsp; 665 | 648508 |
| Series M, 3.65%, 04/01/50 | &nbsp;&nbsp; 572 | 430439 |
| Series N, 2.75%, 08/15/51 | &nbsp;&nbsp; 346 | 214306 |
| Alabama Power Co. |  |  |
| 3.00%, 03/15/52 | &nbsp;&nbsp; 714 | 468711 |
| 3.13%, 07/15/51 | &nbsp;&nbsp; 543 | 365021 |
| 3.45%, 10/01/49 | &nbsp;&nbsp; 720 | 524643 |
| 3.75%, 03/01/45 | &nbsp;&nbsp; 758 | 606800 |
| 3.85%, 12/01/42 | &nbsp;&nbsp; 300 | 251987 |
| 4.10%, 01/15/42<sup>(a)</sup> | &nbsp;&nbsp; 230 | 201549 |
| 4.15%, 08/15/44 | &nbsp;&nbsp; 439 | 375472 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.30%, 01/02/46 | &nbsp;&nbsp; $410 | $351068 |
| 5.50%, 03/15/41 | &nbsp;&nbsp; 273 | 282419 |
| 6.00%, 03/01/39 | &nbsp;&nbsp; 467 | 510465 |
| 6.13%, 05/15/38 | &nbsp;&nbsp; 330 | 366868 |
| Series 11-C, 5.20%, 06/01/41<sup>(a)</sup> | &nbsp;&nbsp; 285 | 286602 |
| Series A, 4.30%, 07/15/48 | &nbsp;&nbsp; 549 | 460629 |
| Series B, 3.70%, 12/01/47 | &nbsp;&nbsp; 645 | 500078 |
| Alfa Desarrollo SpA, 4.55%, 09/27/51<sup>(b)</sup> | &nbsp;&nbsp; 872 | 711231 |
| Ameren Illinois Co. |  |  |
| 2.90%, 06/15/51 | &nbsp;&nbsp; 256 | 165724 |
| 3.25%, 03/15/50 | &nbsp;&nbsp; 367 | 255867 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 442 | 342827 |
| 4.15%, 03/15/46 | &nbsp;&nbsp; 550 | 464676 |
| 4.30%, 07/01/44 | &nbsp;&nbsp; 200 | 172080 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 513 | 446241 |
| 4.80%, 12/15/43 | &nbsp;&nbsp; 145 | 134790 |
| 5.55%, 07/01/54 | &nbsp;&nbsp; 605 | 603436 |
| 5.63%, 03/01/55 | &nbsp;&nbsp; 640 | 644702 |
| 5.90%, 12/01/52 | &nbsp;&nbsp; 333 | 348322 |
| American Electric Power Co., Inc. |  |  |
| 3.25%, 03/01/50 | &nbsp;&nbsp; 402 | 275074 |
| Series D, 6.05%, 03/15/56, (5-year CMT + <br> 1.94%)<sup>(d)</sup><br>| &nbsp;&nbsp; 286 | 287005 |
| American Transmission Systems, Inc., 5.00%, <br> 09/01/44<sup>(b)</sup><br>| &nbsp;&nbsp; 251 | 237541 |
| Appalachian Power Co. |  |  |
| 4.40%, 05/15/44 | &nbsp;&nbsp; 128 | 110193 |
| 4.45%, 06/01/45 | &nbsp;&nbsp; 346 | 294503 |
| 7.00%, 04/01/38 | &nbsp;&nbsp; 384 | 439515 |
| Series P, 6.70%, 08/15/37 | &nbsp;&nbsp; 270 | 305173 |
| Series Y, 4.50%, 03/01/49 | &nbsp;&nbsp; 500 | 422913 |
| Series Z, 3.70%, 05/01/50 | &nbsp;&nbsp; 480 | 355598 |
| Arizona Public Service Co. |  |  |
| 2.65%, 09/15/50<sup>(a)</sup> | &nbsp;&nbsp; 270 | 163756 |
| 3.35%, 05/15/50 | &nbsp;&nbsp; 485 | 337231 |
| 3.50%, 12/01/49 | &nbsp;&nbsp; 357 | 257200 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 503 | 390729 |
| 4.20%, 08/15/48 | &nbsp;&nbsp; 532 | 435568 |
| 4.25%, 03/01/49 | &nbsp;&nbsp; 413 | 335970 |
| 4.35%, 11/15/45 | &nbsp;&nbsp; 484 | 409547 |
| 4.50%, 04/01/42 | &nbsp;&nbsp; 141 | 126619 |
| 4.70%, 01/15/44 | &nbsp;&nbsp; 215 | 189429 |
| 5.05%, 09/01/41<sup>(a)</sup> | &nbsp;&nbsp; 336 | 326758 |
| 5.90%, 08/15/55 | &nbsp;&nbsp; 325 | 334421 |
| Atlantica Transmision Sur SA, 6.88%, 04/30/43<sup>(b)</sup> | &nbsp;&nbsp; 177 | 190371 |
| Avista Corp. |  |  |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 198 | 153286 |
| 4.35%, 06/01/48 | &nbsp;&nbsp; 501 | 422707 |
| Baltimore Gas and Electric Co. |  |  |
| 2.90%, 06/15/50 | &nbsp;&nbsp; 638 | 415894 |
| 3.20%, 09/15/49 | &nbsp;&nbsp; 625 | 432780 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 534 | 404069 |
| 3.75%, 08/15/47 | &nbsp;&nbsp; 530 | 412477 |
| 4.25%, 09/15/48<sup>(a)</sup> | &nbsp;&nbsp; 510 | 430090 |
| 4.55%, 06/01/52 | &nbsp;&nbsp; 601 | 517323 |
| 5.40%, 06/01/53 | &nbsp;&nbsp; 834 | 813540 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 555 | 561003 |
| 6.35%, 10/01/36 | &nbsp;&nbsp; 275 | 307867 |
| Basin Electric Power Cooperative |  |  |
| 4.75%, 04/26/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 377 | 337320 |
| 5.85%, 10/15/55<sup>(b)</sup> | &nbsp;&nbsp; 350 | 352270 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Berkshire Hathaway Energy Co. |  |  |
| 2.85%, 05/15/51 | &nbsp;&nbsp; $1714 | $1082242 |
| 3.80%, 07/15/48 | &nbsp;&nbsp; 772 | 593363 |
| 4.25%, 10/15/50 | &nbsp;&nbsp; 1143 | 941068 |
| 4.45%, 01/15/49 | &nbsp;&nbsp; 1268 | 1069154 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 676 | 591918 |
| 4.60%, 05/01/53 | &nbsp;&nbsp; 1129 | 957976 |
| 5.15%, 11/15/43 | &nbsp;&nbsp; 643 | 624826 |
| 5.95%, 05/15/37 | &nbsp;&nbsp; 639 | 696412 |
| 6.13%, 04/01/36<sup>(a)</sup> | &nbsp;&nbsp; 1347 | 1477657 |
| Black Hills Corp. |  |  |
| 3.88%, 10/15/49<sup>(a)</sup> | &nbsp;&nbsp; 357 | 273349 |
| 4.20%, 09/15/46 | &nbsp;&nbsp; 435 | 354821 |
| Buffalo Energy Mexico Holdings/Buffalo Energy <br> Infrastructure/Buffalo Energy, 7.88%, <br> 02/15/39<sup>(b)</sup><br>| &nbsp;&nbsp; 0 | 331 |
| Celeo Redes Operacion Chile SA, 5.20%, <br> 06/22/47<sup>(b)</sup><br>| &nbsp;&nbsp; 182 | 169590 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 3.55%, 08/01/42 | &nbsp;&nbsp; 368 | 298107 |
| 3.60%, 03/01/52 | &nbsp;&nbsp; 359 | 267773 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 571 | 460981 |
| 4.50%, 04/01/44 | &nbsp;&nbsp; 552 | 492016 |
| 5.30%, 04/01/53 | &nbsp;&nbsp; 245 | 237916 |
| Series AC, 4.25%, 02/01/49 | &nbsp;&nbsp; 50 | 42201 |
| Series AD, 2.90%, 07/01/50 | &nbsp;&nbsp; 941 | 616446 |
| Series AF, 3.35%, 04/01/51 | &nbsp;&nbsp; 597 | 425196 |
| Series AJ, 4.85%, 10/01/52 | &nbsp;&nbsp; 142 | 129212 |
| CEZ A/S, 5.63%, 04/03/42<sup>(b)</sup> | &nbsp;&nbsp; 463 | 447232 |
| Cleco Corporate Holdings LLC, 4.97%, 05/01/46 | &nbsp;&nbsp; 379 | 336092 |
| Cleco Power LLC, 6.00%, 12/01/40<sup>(a)</sup> | &nbsp;&nbsp; 195 | 207647 |
| Cleveland Electric Illuminating Co. (The), 5.95%, <br> 12/15/36<sup>(a)</sup><br>| &nbsp;&nbsp; 216 | 229603 |
| CMS Energy Corp. |  |  |
| 4.70%, 03/31/43 | &nbsp;&nbsp; 195 | 172775 |
| 4.88%, 03/01/44 | &nbsp;&nbsp; 251 | 228728 |
| Comision Federal de Electricidad |  |  |
| 4.68%, 02/09/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 542 | 415936 |
| 5.75%, 02/14/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 731 | 686279 |
| 6.13%, 06/16/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 515 | 489894 |
| 6.26%, 02/15/52<sup>(b)</sup> | &nbsp;&nbsp; 390 | 367884 |
| Commonwealth Edison Co. |  |  |
| 3.00%, 03/01/50 | &nbsp;&nbsp; 673 | 447237 |
| 3.65%, 06/15/46 | &nbsp;&nbsp; 650 | 505632 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 388 | 308592 |
| 3.80%, 10/01/42 | &nbsp;&nbsp; 340 | 279837 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 1006 | 817997 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 523 | 419687 |
| 4.35%, 11/15/45 | &nbsp;&nbsp; 293 | 254112 |
| 4.60%, 08/15/43 | &nbsp;&nbsp; 355 | 320250 |
| 4.70%, 01/15/44 | &nbsp;&nbsp; 327 | 299197 |
| 5.30%, 02/01/53 | &nbsp;&nbsp; 689 | 658801 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 505 | 507619 |
| 5.95%, 06/01/55 | &nbsp;&nbsp; 605 | 632207 |
| 6.45%, 01/15/38 | &nbsp;&nbsp; 374 | 422430 |
| Series 123, 3.75%, 08/15/47 | &nbsp;&nbsp; 647 | 506892 |
| Series 127, 3.20%, 11/15/49 | &nbsp;&nbsp; 520 | 360734 |
| Series 130, 3.13%, 03/15/51 | &nbsp;&nbsp; 969 | 652836 |
| Series 131, 2.75%, 09/01/51 | &nbsp;&nbsp; 590 | 366320 |
| Series 133, 3.85%, 03/15/52 | &nbsp;&nbsp; 595 | 452502 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Connecticut Light and Power Co.(The) |  |  |
| 4.00%, 04/01/48 | &nbsp;&nbsp; $917 | $744240 |
| 4.30%, 04/15/44 | &nbsp;&nbsp; 419 | 365530 |
| 5.25%, 01/15/53 | &nbsp;&nbsp; 396 | 381622 |
| 6.35%, 06/01/36 | &nbsp;&nbsp; 150 | 165712 |
| Series A, 4.15%, 06/01/45 | &nbsp;&nbsp; 297 | 251058 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 3.20%, 12/01/51 | &nbsp;&nbsp; 673 | 454570 |
| 3.60%, 06/15/61<sup>(a)</sup> | &nbsp;&nbsp; 1028 | 717330 |
| 3.70%, 11/15/59 | &nbsp;&nbsp; 402 | 284963 |
| 3.85%, 06/15/46 | &nbsp;&nbsp; 787 | 626606 |
| 3.95%, 03/01/43 | &nbsp;&nbsp; 582 | 490512 |
| 4.45%, 03/15/44 | &nbsp;&nbsp; 766 | 677829 |
| 4.50%, 12/01/45 | &nbsp;&nbsp; 531 | 466952 |
| 4.50%, 05/15/58 | &nbsp;&nbsp; 404 | 335994 |
| 4.63%, 12/01/54 | &nbsp;&nbsp; 968 | 832644 |
| 5.70%, 06/15/40 | &nbsp;&nbsp; 345 | 365614 |
| 5.70%, 05/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1583 | 1601433 |
| 5.75%, 11/15/55 | &nbsp;&nbsp; 730 | 740833 |
| 5.90%, 11/15/53 | &nbsp;&nbsp; 1400 | 1448385 |
| 6.15%, 11/15/52 | &nbsp;&nbsp; 215 | 229901 |
| Series 06-A, 5.85%, 03/15/36 | &nbsp;&nbsp; 265 | 287581 |
| Series 06-B, 6.20%, 06/15/36<sup>(a)</sup> | &nbsp;&nbsp; 345 | 381844 |
| Series 06-E, 5.70%, 12/01/36<sup>(a)</sup> | &nbsp;&nbsp; 562 | 600713 |
| Series 07-A, 6.30%, 08/15/37 | &nbsp;&nbsp; 514 | 575423 |
| Series 08-B, 6.75%, 04/01/38<sup>(a)</sup> | &nbsp;&nbsp; 595 | 689358 |
| Series 09-C, 5.50%, 12/01/39 | &nbsp;&nbsp; 565 | 588252 |
| Series 12-A, 4.20%, 03/15/42 | &nbsp;&nbsp; 473 | 414343 |
| Series 2017, 3.88%, 06/15/47 | &nbsp;&nbsp; 680 | 537234 |
| Series 20B, 3.95%, 04/01/50 | &nbsp;&nbsp; 938 | 742876 |
| Series A, 4.13%, 05/15/49 | &nbsp;&nbsp; 831 | 671363 |
| Series C, 3.00%, 12/01/60 | &nbsp;&nbsp; 275 | 164286 |
| Series C, 4.00%, 11/15/57 | &nbsp;&nbsp; 154 | 116653 |
| Series C, 4.30%, 12/01/56 | &nbsp;&nbsp; 223 | 180136 |
| Series E, 4.65%, 12/01/48 | &nbsp;&nbsp; 774 | 680226 |
| Consorcio Transmantaro SA, 5.20%, 04/11/38<sup>(b)</sup> | &nbsp;&nbsp; 572 | 573748 |
| Constellation Energy Generation LLC |  |  |
| 5.60%, 06/15/42 | &nbsp;&nbsp; 724 | 735332 |
| 5.75%, 10/01/41 | &nbsp;&nbsp; 210 | 218352 |
| 5.75%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 695 | 698791 |
| 5.88%, 01/15/66 | &nbsp;&nbsp; 540 | 538851 |
| 6.25%, 10/01/39 | &nbsp;&nbsp; 702 | 769725 |
| 6.50%, 10/01/53 | &nbsp;&nbsp; 754 | 831949 |
| Consumers Energy Co. |  |  |
| 3.10%, 08/15/50 | &nbsp;&nbsp; 587 | 404025 |
| 3.25%, 08/15/46 | &nbsp;&nbsp; 590 | 434842 |
| 3.50%, 08/01/51 | &nbsp;&nbsp; 246 | 180741 |
| 3.75%, 02/15/50 | &nbsp;&nbsp; 310 | 236212 |
| 3.95%, 05/15/43 | &nbsp;&nbsp; 329 | 278597 |
| 3.95%, 07/15/47 | &nbsp;&nbsp; 320 | 259049 |
| 4.05%, 05/15/48 | &nbsp;&nbsp; 586 | 478781 |
| 4.10%, 11/15/45 | &nbsp;&nbsp; 205 | 171151 |
| 4.20%, 09/01/52 | &nbsp;&nbsp; 235 | 192560 |
| 4.35%, 04/15/49 | &nbsp;&nbsp; 599 | 512500 |
| 4.35%, 08/31/64 | &nbsp;&nbsp; 361 | 288754 |
| Dayton Power & Light Co. (The), 3.95%, 06/15/49 | &nbsp;&nbsp; 458 | 353606 |
| Delmarva Power & Light Co. |  |  |
| 4.00%, 06/01/42 | &nbsp;&nbsp; 243 | 208215 |
| 4.15%, 05/15/45 | &nbsp;&nbsp; 206 | 175879 |
| Dominion Energy South Carolina, Inc. |  |  |
| 4.60%, 06/15/43 | &nbsp;&nbsp; 363 | 332024 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.10%, 06/01/65 | &nbsp;&nbsp; $651 | $593905 |
| 5.45%, 02/01/41 | &nbsp;&nbsp; 372 | 379637 |
| 6.05%, 01/15/38 | &nbsp;&nbsp; 548 | 602382 |
| 6.25%, 10/15/53 | &nbsp;&nbsp; 550 | 595646 |
| Dominion Energy, Inc. |  |  |
| 4.70%, 12/01/44 | &nbsp;&nbsp; 472 | 420807 |
| 4.85%, 08/15/52 | &nbsp;&nbsp; 550 | 476401 |
| 7.00%, 06/15/38 | &nbsp;&nbsp; 338 | 384798 |
| Series A, 4.60%, 03/15/49 | &nbsp;&nbsp; 381 | 323128 |
| Series B, 3.30%, 04/15/41 | &nbsp;&nbsp; 82 | 62922 |
| Series C, 4.05%, 09/15/42 | &nbsp;&nbsp; 459 | 377292 |
| Series C, 4.90%, 08/01/41 | &nbsp;&nbsp; 447 | 416428 |
| DTE Electric Co. |  |  |
| 2.95%, 03/01/50 | &nbsp;&nbsp; 590 | 397652 |
| 3.70%, 03/15/45 | &nbsp;&nbsp; 442 | 353422 |
| 3.70%, 06/01/46 | &nbsp;&nbsp; 419 | 329593 |
| 3.75%, 08/15/47 | &nbsp;&nbsp; 475 | 374285 |
| 3.95%, 06/15/42 | &nbsp;&nbsp; 215 | 180944 |
| 3.95%, 03/01/49 | &nbsp;&nbsp; 726 | 583632 |
| 4.30%, 07/01/44 | &nbsp;&nbsp; 308 | 273070 |
| 5.40%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 461 | 453058 |
| 5.70%, 10/01/37<sup>(a)</sup> | &nbsp;&nbsp; 173 | 183489 |
| 5.85%, 05/15/55 | &nbsp;&nbsp; 575 | 597438 |
| Series A, 4.00%, 04/01/43<sup>(a)</sup> | &nbsp;&nbsp; 281 | 238509 |
| Series A, 4.05%, 05/15/48 | &nbsp;&nbsp; 575 | 473643 |
| Series A, 6.63%, 06/01/36 | &nbsp;&nbsp; 165 | 187862 |
| Series B, 3.25%, 04/01/51<sup>(a)</sup> | &nbsp;&nbsp; 217 | 152689 |
| Series B, 3.65%, 03/01/52 | &nbsp;&nbsp; 235 | 176936 |
| Series B, 5.55%, 03/01/56 | &nbsp;&nbsp; 515 | 514090 |
| Duke Energy Carolinas LLC |  |  |
| 3.20%, 08/15/49 | &nbsp;&nbsp; 981 | 689133 |
| 3.45%, 04/15/51 | &nbsp;&nbsp; 387 | 275881 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 773 | 567636 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 727 | 559605 |
| 3.75%, 06/01/45 | &nbsp;&nbsp; 207 | 165925 |
| 3.88%, 03/15/46 | &nbsp;&nbsp; 756 | 610134 |
| 3.95%, 03/15/48 | &nbsp;&nbsp; 773 | 619733 |
| 4.00%, 09/30/42 | &nbsp;&nbsp; 668 | 569813 |
| 4.25%, 12/15/41 | &nbsp;&nbsp; 524 | 466945 |
| 5.30%, 02/15/40 | &nbsp;&nbsp; 680 | 694833 |
| 5.35%, 01/15/53 | &nbsp;&nbsp; 948 | 920240 |
| 5.40%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 977 | 956894 |
| 6.00%, 01/15/38 | &nbsp;&nbsp; 436 | 475198 |
| 6.05%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 539 | 590547 |
| 6.10%, 06/01/37 | &nbsp;&nbsp; 387 | 423177 |
| Duke Energy Corp. |  |  |
| 3.30%, 06/15/41 | &nbsp;&nbsp; 701 | 546459 |
| 3.50%, 06/15/51 | &nbsp;&nbsp; 866 | 601910 |
| 3.75%, 09/01/46 | &nbsp;&nbsp; 1653 | 1271179 |
| 3.95%, 08/15/47 | &nbsp;&nbsp; 461 | 358317 |
| 4.20%, 06/15/49 | &nbsp;&nbsp; 778 | 619035 |
| 4.80%, 12/15/45<sup>(a)</sup> | &nbsp;&nbsp; 626 | 556764 |
| 5.00%, 08/15/52 | &nbsp;&nbsp; 1205 | 1067871 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 755 | 740207 |
| 5.80%, 06/15/54 | &nbsp;&nbsp; 770 | 763500 |
| 6.10%, 09/15/53 | &nbsp;&nbsp; 678 | 701358 |
| Duke Energy Florida LLC |  |  |
| 3.00%, 12/15/51 | &nbsp;&nbsp; 593 | 388436 |
| 3.40%, 10/01/46 | &nbsp;&nbsp; 853 | 636291 |
| 3.85%, 11/15/42 | &nbsp;&nbsp; 280 | 232994 |
| 4.20%, 07/15/48 | &nbsp;&nbsp; 604 | 499016 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.65%, 04/01/40 | &nbsp;&nbsp; $371 | $389802 |
| 5.95%, 11/15/52 | &nbsp;&nbsp; 610 | 639038 |
| 6.20%, 11/15/53 | &nbsp;&nbsp; 820 | 890064 |
| 6.35%, 09/15/37 | &nbsp;&nbsp; 469 | 523581 |
| 6.40%, 06/15/38 | &nbsp;&nbsp; 1024 | 1148966 |
| Duke Energy Indiana LLC |  |  |
| 2.75%, 04/01/50 | &nbsp;&nbsp; 523 | 330887 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 626 | 495341 |
| 5.40%, 04/01/53 | &nbsp;&nbsp; 615 | 595248 |
| 5.90%, 05/15/55 | &nbsp;&nbsp; 345 | 355723 |
| 6.35%, 08/15/38 | &nbsp;&nbsp; 490 | 547394 |
| 6.45%, 04/01/39 | &nbsp;&nbsp; 490 | 551239 |
| Series UUU, 4.20%, 03/15/42<sup>(a)</sup> | &nbsp;&nbsp; 294 | 258811 |
| Series WWW, 4.90%, 07/15/43 | &nbsp;&nbsp; 331 | 317376 |
| Series YYY, 3.25%, 10/01/49 | &nbsp;&nbsp; 696 | 489187 |
| Duke Energy Ohio, Inc. |  |  |
| 3.70%, 06/15/46 | &nbsp;&nbsp; 289 | 225204 |
| 4.30%, 02/01/49 | &nbsp;&nbsp; 634 | 529218 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 425 | 422622 |
| 5.65%, 04/01/53 | &nbsp;&nbsp; 360 | 361864 |
| Duke Energy Progress LLC |  |  |
| 2.50%, 08/15/50 | &nbsp;&nbsp; 845 | 505290 |
| 2.90%, 08/15/51 | &nbsp;&nbsp; 544 | 348025 |
| 3.60%, 09/15/47 | &nbsp;&nbsp; 776 | 591586 |
| 3.70%, 10/15/46 | &nbsp;&nbsp; 734 | 575542 |
| 4.00%, 04/01/52 | &nbsp;&nbsp; 513 | 404313 |
| 4.10%, 05/15/42 | &nbsp;&nbsp; 537 | 463836 |
| 4.10%, 03/15/43 | &nbsp;&nbsp; 506 | 437290 |
| 4.15%, 12/01/44 | &nbsp;&nbsp; 533 | 454248 |
| 4.20%, 08/15/45 | &nbsp;&nbsp; 700 | 593640 |
| 4.38%, 03/30/44 | &nbsp;&nbsp; 351 | 309764 |
| 5.35%, 03/15/53 | &nbsp;&nbsp; 560 | 540539 |
| 5.55%, 03/15/55 | &nbsp;&nbsp; 790 | 787843 |
| 6.30%, 04/01/38 | &nbsp;&nbsp; 313 | 348174 |
| E.ON International Finance BV, 6.65%, <br> 04/30/38<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 741 | 840501 |
| El Paso Electric Co., 5.00%, 12/01/44<sup>(a)</sup> | &nbsp;&nbsp; 198 | 178926 |
| Electricite de France SA |  |  |
| 4.88%, 09/21/38<sup>(b)</sup> | &nbsp;&nbsp; 541 | 516067 |
| 4.88%, 01/22/44<sup>(b)</sup> | &nbsp;&nbsp; 908 | 835774 |
| 4.95%, 10/13/45<sup>(a)(b)</sup> | &nbsp;&nbsp; 1051 | 956951 |
| 5.00%, 09/21/48<sup>(b)</sup> | &nbsp;&nbsp; 1214 | 1111535 |
| 5.25%, 10/13/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 316 | 291543 |
| 5.60%, 01/27/40<sup>(a)(b)</sup> | &nbsp;&nbsp; 848 | 865586 |
| 6.00%, 04/22/64<sup>(b)</sup> | &nbsp;&nbsp; 1065 | 1062294 |
| 6.00%, 01/22/2114<sup>(a)(b)</sup> | &nbsp;&nbsp; 574 | 566976 |
| 6.38%, 01/13/55<sup>(b)</sup> | &nbsp;&nbsp; 700 | 738760 |
| 6.90%, 05/23/53<sup>(b)</sup> | &nbsp;&nbsp; 925 | 1036519 |
| 6.95%, 01/26/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 1595 | 1824339 |
| Elm Road Generating Station Supercritical LLC, <br> 6.09%, 02/11/40<sup>(b)</sup><br>| &nbsp;&nbsp; 145 | 157648 |
| Emera U.S. Finance LP, 4.75%, 06/15/46 | &nbsp;&nbsp; 1329 | 1149056 |
| Enel Finance America LLC, 2.88%, 07/12/41<sup>(b)</sup> | &nbsp;&nbsp; 421 | 310102 |
| Enel Finance International NV |  |  |
| 4.75%, 05/25/47<sup>(b)</sup> | &nbsp;&nbsp; 1631 | 1437475 |
| 5.50%, 06/15/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 1015 | 962458 |
| 5.75%, 09/30/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 900 | 882227 |
| 6.00%, 10/07/39<sup>(b)</sup> | &nbsp;&nbsp; 1384 | 1468415 |
| 6.80%, 09/15/37<sup>(a)(b)</sup> | &nbsp;&nbsp; 891 | 1012154 |
| 7.75%, 10/14/52<sup>(b)</sup> | &nbsp;&nbsp; 929 | 1145086 |
| Engie SA, 5.88%, 04/10/54<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35749 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Entergy Arkansas LLC |  |  |
| 2.65%, 06/15/51 | &nbsp;&nbsp; $582 | $352000 |
| 3.35%, 06/15/52 | &nbsp;&nbsp; 425 | 294807 |
| 4.20%, 04/01/49 | &nbsp;&nbsp; 603 | 493775 |
| 4.95%, 12/15/44 | &nbsp;&nbsp; 205 | 196608 |
| 5.75%, 06/01/54 | &nbsp;&nbsp; 430 | 433493 |
| 5.75%, 01/15/56 | &nbsp;&nbsp; 570 | 575108 |
| Entergy Corp. |  |  |
| 3.75%, 06/15/50 | &nbsp;&nbsp; 600 | 443926 |
| 6.10%, 06/15/56, (5-year CMT + 2.01%)<sup>(d)</sup> | &nbsp;&nbsp; 225 | 226865 |
| Entergy Louisiana LLC |  |  |
| 2.90%, 03/15/51 | &nbsp;&nbsp; 615 | 393441 |
| 3.10%, 06/15/41 | &nbsp;&nbsp; 608 | 469734 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 922 | 755247 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 603 | 487715 |
| 4.75%, 09/15/52<sup>(a)</sup> | &nbsp;&nbsp; 522 | 459292 |
| 4.95%, 01/15/45 | &nbsp;&nbsp; 307 | 286369 |
| 5.65%, 04/15/56 | &nbsp;&nbsp; 500 | 496110 |
| 5.70%, 03/15/54 | &nbsp;&nbsp; 660 | 662178 |
| 5.80%, 03/15/55 | &nbsp;&nbsp; 755 | 767809 |
| Entergy Mississippi LLC |  |  |
| 3.50%, 06/01/51 | &nbsp;&nbsp; 374 | 267545 |
| 3.85%, 06/01/49 | &nbsp;&nbsp; 526 | 410974 |
| 5.80%, 04/15/55<sup>(a)</sup> | &nbsp;&nbsp; 570 | 577935 |
| 5.85%, 06/01/54 | &nbsp;&nbsp; 250 | 252293 |
| Entergy Texas, Inc. |  |  |
| 3.55%, 09/30/49 | &nbsp;&nbsp; 605 | 439923 |
| 4.50%, 03/30/39 | &nbsp;&nbsp; 403 | 380998 |
| 5.00%, 09/15/52 | &nbsp;&nbsp; 301 | 270910 |
| 5.15%, 06/01/45 | &nbsp;&nbsp; 200 | 195188 |
| 5.55%, 09/15/54 | &nbsp;&nbsp; 355 | 346100 |
| 5.80%, 09/01/53 | &nbsp;&nbsp; 247 | 252429 |
| Evergy Kansas Central, Inc. |  |  |
| 3.25%, 09/01/49 | &nbsp;&nbsp; 260 | 181612 |
| 3.45%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 790 | 573620 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 534 | 457136 |
| 4.13%, 03/01/42 | &nbsp;&nbsp; 291 | 252641 |
| 4.25%, 12/01/45 | &nbsp;&nbsp; 288 | 243621 |
| 4.63%, 09/01/43 | &nbsp;&nbsp; 184 | 165609 |
| 5.70%, 03/15/53 | &nbsp;&nbsp; 194 | 197809 |
| Evergy Kansas South, Inc., 4.30%, 07/15/44<sup>(b)</sup> | &nbsp;&nbsp; 254 | 215396 |
| Evergy Metro, Inc. |  |  |
| 4.20%, 06/15/47 | &nbsp;&nbsp; 351 | 290116 |
| 4.20%, 03/15/48<sup>(a)</sup> | &nbsp;&nbsp; 285 | 235654 |
| 5.30%, 10/01/41 | &nbsp;&nbsp; 381 | 385318 |
| Series 2019, 4.13%, 04/01/49 | &nbsp;&nbsp; 395 | 322247 |
| Eversource Energy, 3.45%, 01/15/50<sup>(a)</sup> | &nbsp;&nbsp; 678 | 481142 |
| Exelon Corp. |  |  |
| 4.10%, 03/15/52 | &nbsp;&nbsp; 752 | 590183 |
| 4.45%, 04/15/46 | &nbsp;&nbsp; 574 | 488449 |
| 4.70%, 04/15/50 | &nbsp;&nbsp; 681 | 586279 |
| 5.10%, 06/15/45 | &nbsp;&nbsp; 724 | 675229 |
| 5.60%, 03/15/53 | &nbsp;&nbsp; 1125 | 1091893 |
| 5.88%, 03/15/55 | &nbsp;&nbsp; 570 | 571994 |
| FIEMEX Energia - Banco Actinver SA Institucion de <br> Banca Multiple, 7.25%, 01/31/41<sup>(b)</sup><br>| &nbsp;&nbsp; 486 | 505937 |
| FirstEnergy Corp. |  |  |
| Series C, 3.40%, 03/01/50 | &nbsp;&nbsp; 905 | 634002 |
| Series C, 4.85%, 07/15/47 | &nbsp;&nbsp; 645 | 574930 |
| FirstEnergy Pennsylvania Electric Co., 6.15%, <br> 10/01/38<br>| &nbsp;&nbsp; 189 | 205356 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| FirstEnergy Transmission LLC |  |  |
| 4.55%, 04/01/49<sup>(b)</sup> | &nbsp;&nbsp; $550 | $476180 |
| 5.45%, 07/15/44<sup>(b)</sup> | &nbsp;&nbsp; 331 | 325433 |
| Florida Power & Light Co. |  |  |
| 2.88%, 12/04/51 | &nbsp;&nbsp; 1465 | 948229 |
| 3.15%, 10/01/49 | &nbsp;&nbsp; 890 | 627017 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 808 | 628535 |
| 3.80%, 12/15/42 | &nbsp;&nbsp; 364 | 303270 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 904 | 731706 |
| 3.99%, 03/01/49 | &nbsp;&nbsp; 810 | 654284 |
| 4.05%, 06/01/42 | &nbsp;&nbsp; 577 | 503595 |
| 4.05%, 10/01/44 | &nbsp;&nbsp; 361 | 307228 |
| 4.13%, 02/01/42 | &nbsp;&nbsp; 585 | 517408 |
| 4.13%, 06/01/48 | &nbsp;&nbsp; 592 | 490443 |
| 5.13%, 06/01/41<sup>(a)</sup> | &nbsp;&nbsp; 230 | 232756 |
| 5.25%, 02/01/41<sup>(a)</sup> | &nbsp;&nbsp; 277 | 281306 |
| 5.30%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 1013 | 986150 |
| 5.60%, 06/15/54 | &nbsp;&nbsp; 1063 | 1076553 |
| 5.60%, 02/15/66 | &nbsp;&nbsp; 1210 | 1203021 |
| 5.65%, 02/01/37<sup>(a)</sup> | &nbsp;&nbsp; 305 | 329958 |
| 5.69%, 03/01/40 | &nbsp;&nbsp; 576 | 606847 |
| 5.70%, 03/15/55 | &nbsp;&nbsp; 1160 | 1193640 |
| 5.80%, 03/15/65 | &nbsp;&nbsp; 785 | 806523 |
| 5.95%, 02/01/38 | &nbsp;&nbsp; 602 | 664718 |
| 5.96%, 04/01/39 | &nbsp;&nbsp; 332 | 364509 |
| Georgia Power Co. |  |  |
| 4.30%, 03/15/42 | &nbsp;&nbsp; 1095 | 982456 |
| 4.30%, 03/15/43 | &nbsp;&nbsp; 354 | 313381 |
| 5.13%, 05/15/52 | &nbsp;&nbsp; 865 | 816505 |
| 5.40%, 06/01/40<sup>(a)</sup> | &nbsp;&nbsp; 17 | 17664 |
| 5.50%, 10/01/55<sup>(a)</sup> | &nbsp;&nbsp; 525 | 518753 |
| Series 10-C, 4.75%, 09/01/40 | &nbsp;&nbsp; 468 | 451278 |
| Series A, 3.25%, 03/15/51 | &nbsp;&nbsp; 672 | 469071 |
| Series B, 3.70%, 01/30/50 | &nbsp;&nbsp; 589 | 448933 |
| Great River Energy, 6.25%, 07/01/38<sup>(b)</sup> | &nbsp;&nbsp; 35 | 37263 |
| Iberdrola International BV, 6.75%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 250 | 290866 |
| Idaho Power Co. |  |  |
| 3.65%, 03/01/45 | &nbsp;&nbsp; 169 | 133553 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 270 | 266769 |
| 5.70%, 03/15/55 | &nbsp;&nbsp; 285 | 288870 |
| 5.80%, 04/01/54 | &nbsp;&nbsp; 195 | 202070 |
| Series K, 4.20%, 03/01/48 | &nbsp;&nbsp; 625 | 521935 |
| Indiana Michigan Power Co. |  |  |
| 3.25%, 05/01/51 | &nbsp;&nbsp; 445 | 303349 |
| 4.25%, 08/15/48 | &nbsp;&nbsp; 570 | 471539 |
| 5.60%, 03/15/56 | &nbsp;&nbsp; 950 | 946869 |
| 5.63%, 04/01/53 | &nbsp;&nbsp; 500 | 501788 |
| 6.05%, 03/15/37<sup>(a)</sup> | &nbsp;&nbsp; 318 | 348648 |
| Series K, 4.55%, 03/15/46 | &nbsp;&nbsp; 540 | 475217 |
| Series L, 3.75%, 07/01/47 | &nbsp;&nbsp; 430 | 332737 |
| Indianapolis Power & Light Co. |  |  |
| 4.05%, 05/01/46<sup>(b)</sup> | &nbsp;&nbsp; 390 | 321271 |
| 4.70%, 09/01/45<sup>(b)</sup> | &nbsp;&nbsp; 196 | 172088 |
| 5.70%, 04/01/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 465 | 470339 |
| Infraestructura Energetica Nova SAPI de CV |  |  |
| 4.75%, 01/15/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 800 | 615808 |
| 4.88%, 01/14/48<sup>(b)</sup> | &nbsp;&nbsp; 612 | 488109 |
| Interchile SA, 4.50%, 06/30/56<sup>(a)(b)</sup> | &nbsp;&nbsp; 1050 | 896385 |
| International Transmission Co., 4.63%, 08/15/43 | &nbsp;&nbsp; 145 | 132429 |
| Interstate Power and Light Co. |  |  |
| 3.10%, 11/30/51<sup>(a)</sup> | &nbsp;&nbsp; 198 | 129485 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.50%, 09/30/49<sup>(a)</sup> | &nbsp;&nbsp; $371 | $270145 |
| 3.70%, 09/15/46 | &nbsp;&nbsp; 354 | 272368 |
| 4.70%, 10/15/43<sup>(a)</sup> | &nbsp;&nbsp; 133 | 117324 |
| 5.45%, 09/30/54 | &nbsp;&nbsp; 170 | 163250 |
| 5.60%, 10/01/55 | &nbsp;&nbsp; 190 | 186804 |
| 6.25%, 07/15/39<sup>(a)</sup> | &nbsp;&nbsp; 200 | 218479 |
| ITC Holdings Corp., 5.30%, 07/01/43 | &nbsp;&nbsp; 253 | 244318 |
| Jersey Central Power & Light Co., 6.15%, <br> 06/01/37<br>| &nbsp;&nbsp; 331 | 363216 |
| Johnsonville Aeroderivative Combustion Turbine <br> Generation LLC, 5.08%, 10/01/54<br>| &nbsp;&nbsp; 252 | 244009 |
| Kentucky Utilities Co. |  |  |
| 3.30%, 06/01/50 | &nbsp;&nbsp; 626 | 437847 |
| 4.38%, 10/01/45 | &nbsp;&nbsp; 559 | 482653 |
| 5.13%, 11/01/40 | &nbsp;&nbsp; 682 | 680467 |
| 5.85%, 08/15/55 | &nbsp;&nbsp; 755 | 776624 |
| Series 1, 4.65%, 11/15/43 | &nbsp;&nbsp; 212 | 191422 |
| LLPL Capital Pte Ltd., 6.88%, 02/04/39<sup>(b)</sup> | &nbsp;&nbsp; 135 | 140554 |
| Louisville Gas and Electric Co. |  |  |
| 4.25%, 04/01/49 | &nbsp;&nbsp; 496 | 410317 |
| 4.38%, 10/01/45 | &nbsp;&nbsp; 150 | 129350 |
| 4.65%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 257 | 233883 |
| 5.13%, 11/15/40<sup>(a)</sup> | &nbsp;&nbsp; 255 | 255164 |
| 5.85%, 08/15/55 | &nbsp;&nbsp; 745 | 764222 |
| Majapahit Holding BV, 7.88%, 06/29/37<sup>(b)</sup> | &nbsp;&nbsp; 55 | 65867 |
| Massachusetts Electric Co. |  |  |
| 4.00%, 08/15/46<sup>(b)</sup> | &nbsp;&nbsp; 735 | 590381 |
| 5.87%, 02/26/54<sup>(b)</sup> | &nbsp;&nbsp; 260 | 263590 |
| 5.90%, 11/15/39<sup>(b)</sup> | &nbsp;&nbsp; 502 | 531966 |
| MidAmerican Energy Co. |  |  |
| 2.70%, 08/01/52<sup>(a)</sup> | &nbsp;&nbsp; 615 | 388358 |
| 3.15%, 04/15/50 | &nbsp;&nbsp; 903 | 625781 |
| 3.65%, 08/01/48 | &nbsp;&nbsp; 1120 | 858953 |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 922 | 746303 |
| 4.25%, 05/01/46 | &nbsp;&nbsp; 551 | 472638 |
| 4.25%, 07/15/49 | &nbsp;&nbsp; 864 | 722465 |
| 4.40%, 10/15/44 | &nbsp;&nbsp; 380 | 334540 |
| 4.80%, 09/15/43 | &nbsp;&nbsp; 286 | 267697 |
| 5.30%, 02/01/55 | &nbsp;&nbsp; 850 | 822311 |
| 5.50%, 11/15/56 | &nbsp;&nbsp; 130 | 129573 |
| 5.80%, 10/15/36<sup>(a)</sup> | &nbsp;&nbsp; 425 | 461944 |
| 5.85%, 09/15/54 | &nbsp;&nbsp; 875 | 911664 |
| Minejesa Capital BV, 5.63%, 08/10/37<sup>(b)</sup> | &nbsp;&nbsp; 478 | 473406 |
| Mississippi Power Co. |  |  |
| Series 12-A, 4.25%, 03/15/42 | &nbsp;&nbsp; 418 | 366648 |
| Series B, 3.10%, 07/30/51 | &nbsp;&nbsp; 295 | 200017 |
| Monongahela Power Co., 5.40%, 12/15/43<sup>(b)</sup> | &nbsp;&nbsp; 599 | 591488 |
| Narragansett Electric Co.(The) |  |  |
| 4.17%, 12/10/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 237 | 202190 |
| 5.64%, 03/15/40<sup>(b)</sup> | &nbsp;&nbsp; 183 | 189579 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| 4.30%, 03/15/49 | &nbsp;&nbsp; 329 | 281392 |
| 4.40%, 11/01/48 | &nbsp;&nbsp; 563 | 482272 |
| Nevada Power Co. |  |  |
| 5.38%, 09/15/40 | &nbsp;&nbsp; 345 | 349807 |
| 5.45%, 05/15/41<sup>(a)</sup> | &nbsp;&nbsp; 260 | 265248 |
| 5.90%, 05/01/53 | &nbsp;&nbsp; 557 | 573343 |
| 6.00%, 03/15/54 | &nbsp;&nbsp; 590 | 610415 |
| Series EE, 3.13%, 08/01/50<sup>(a)</sup> | &nbsp;&nbsp; 429 | 287625 |
| Series N, 6.65%, 04/01/36 | &nbsp;&nbsp; 271 | 308239 |
| Series R, 6.75%, 07/01/37 | &nbsp;&nbsp; 370 | 424163 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| New England Power Co. |  |  |
| 2.81%, 10/06/50<sup>(b)</sup> | &nbsp;&nbsp; $323 | $202327 |
| 3.80%, 12/05/47<sup>(b)</sup> | &nbsp;&nbsp; 474 | 370384 |
| 5.85%, 09/08/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 190 | 195081 |
| 5.94%, 11/25/52<sup>(b)</sup> | &nbsp;&nbsp; 230 | 239194 |
| New York State Electric & Gas Corp., 3.30%, <br> 09/15/49<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 245 | 173642 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 3.00%, 01/15/52 | &nbsp;&nbsp; 849 | 545350 |
| 5.11%, 09/29/57<sup>(b)</sup> | &nbsp;&nbsp; 40 | 36284 |
| 5.25%, 02/28/53 | &nbsp;&nbsp; 1190 | 1110605 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 898 | 871285 |
| 5.85%, 03/01/56 | &nbsp;&nbsp; 625 | 628838 |
| 5.90%, 03/15/55 | &nbsp;&nbsp; 965 | 981194 |
| Niagara Mohawk Power Corp. |  |  |
| 3.03%, 06/27/50<sup>(b)</sup> | &nbsp;&nbsp; 494 | 323801 |
| 4.12%, 11/28/42<sup>(b)</sup> | &nbsp;&nbsp; 180 | 153006 |
| 5.66%, 01/17/54<sup>(b)</sup> | &nbsp;&nbsp; 625 | 613260 |
| 5.78%, 09/16/52<sup>(b)</sup> | &nbsp;&nbsp; 210 | 212001 |
| 6.00%, 07/03/55<sup>(b)</sup> | &nbsp;&nbsp; 1475 | 1506085 |
| Northern States Power Co. |  |  |
| 2.60%, 06/01/51<sup>(a)</sup> | &nbsp;&nbsp; 846 | 532554 |
| 2.90%, 03/01/50 | &nbsp;&nbsp; 865 | 577929 |
| 3.20%, 04/01/52 | &nbsp;&nbsp; 741 | 525189 |
| 3.40%, 08/15/42 | &nbsp;&nbsp; 453 | 361225 |
| 3.60%, 09/15/47 | &nbsp;&nbsp; 722 | 557226 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 725 | 625261 |
| 4.85%, 08/15/40 | &nbsp;&nbsp; 300 | 295173 |
| 5.10%, 05/15/53 | &nbsp;&nbsp; 993 | 932401 |
| 5.35%, 11/01/39 | &nbsp;&nbsp; 393 | 404268 |
| 5.40%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 825 | 812520 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 590 | 600047 |
| 6.20%, 07/01/37 | &nbsp;&nbsp; 308 | 342436 |
| 6.25%, 06/01/36 | &nbsp;&nbsp; 301 | 336257 |
| Northern States Power Co./MN, 5.65%, 05/15/55 | &nbsp;&nbsp; 685 | 696146 |
| NorthWestern Corp., 4.18%, 11/15/44 | &nbsp;&nbsp; 253 | 212925 |
| NSTAR Electric Co. |  |  |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 392 | 264610 |
| 4.40%, 03/01/44 | &nbsp;&nbsp; 196 | 172544 |
| 4.55%, 06/01/52 | &nbsp;&nbsp; 375 | 321259 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 307 | 280509 |
| 5.50%, 03/15/40 | &nbsp;&nbsp; 182 | 187826 |
| Oglethorpe Power Corp. |  |  |
| 3.75%, 08/01/50 | &nbsp;&nbsp; 575 | 424346 |
| 4.20%, 12/01/42 | &nbsp;&nbsp; 314 | 258953 |
| 4.25%, 04/01/46<sup>(a)</sup> | &nbsp;&nbsp; 225 | 181112 |
| 4.50%, 04/01/47 | &nbsp;&nbsp; 485 | 411712 |
| 4.55%, 06/01/44<sup>(a)</sup> | &nbsp;&nbsp; 80 | 68300 |
| 5.05%, 10/01/48 | &nbsp;&nbsp; 535 | 487312 |
| 5.25%, 09/01/50<sup>(a)</sup> | &nbsp;&nbsp; 420 | 389940 |
| 5.38%, 11/01/40 | &nbsp;&nbsp; 280 | 283025 |
| 5.80%, 06/01/54 | &nbsp;&nbsp; 135 | 136781 |
| 5.90%, 02/01/55 | &nbsp;&nbsp; 180 | 180830 |
| 5.95%, 11/01/39 | &nbsp;&nbsp; 333 | 355571 |
| 6.20%, 12/01/53<sup>(a)</sup> | &nbsp;&nbsp; 420 | 442439 |
| Ohio Edison Co. |  |  |
| 6.88%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 265 | 306444 |
| 8.25%, 10/15/38<sup>(a)</sup> | &nbsp;&nbsp; 210 | 272437 |
| Ohio Power Co. |  |  |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 442 | 346258 |
| 4.15%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 435 | 353856 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series R, 2.90%, 10/01/51 | &nbsp;&nbsp; $555 | $348696 |
| Oklahoma Gas and Electric Co. |  |  |
| 3.85%, 08/15/47 | &nbsp;&nbsp; 330 | 262721 |
| 3.90%, 05/01/43 | &nbsp;&nbsp; 200 | 165149 |
| 4.00%, 12/15/44 | &nbsp;&nbsp; 160 | 131076 |
| 4.15%, 04/01/47 | &nbsp;&nbsp; 381 | 314856 |
| 4.55%, 03/15/44 | &nbsp;&nbsp; 181 | 160191 |
| 5.25%, 05/15/41 | &nbsp;&nbsp; 195 | 194332 |
| 5.60%, 04/01/53 | &nbsp;&nbsp; 502 | 498798 |
| 5.80%, 04/01/55<sup>(a)</sup> | &nbsp;&nbsp; 135 | 138707 |
| 5.85%, 06/01/40 | &nbsp;&nbsp; 135 | 141528 |
| Oncor Electric Delivery Co. LLC |  |  |
| 2.70%, 11/15/51 | &nbsp;&nbsp; 327 | 198868 |
| 3.10%, 09/15/49 | &nbsp;&nbsp; 673 | 453794 |
| 3.70%, 05/15/50 | &nbsp;&nbsp; 501 | 379461 |
| 3.75%, 04/01/45 | &nbsp;&nbsp; 499 | 398704 |
| 3.80%, 09/30/47 | &nbsp;&nbsp; 368 | 287580 |
| 3.80%, 06/01/49 | &nbsp;&nbsp; 563 | 431135 |
| 4.10%, 11/15/48 | &nbsp;&nbsp; 459 | 373257 |
| 4.55%, 12/01/41 | &nbsp;&nbsp; 290 | 265165 |
| 4.60%, 06/01/52 | &nbsp;&nbsp; 301 | 257075 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 838 | 765036 |
| 5.25%, 09/30/40<sup>(a)</sup> | &nbsp;&nbsp; 171 | 172171 |
| 5.30%, 06/01/42 | &nbsp;&nbsp; 297 | 295591 |
| 5.35%, 10/01/52 | &nbsp;&nbsp; 345 | 329926 |
| 5.55%, 06/15/54 | &nbsp;&nbsp; 620 | 615691 |
| 5.80%, 04/01/55<sup>(b)</sup> | &nbsp;&nbsp; 640 | 657610 |
| 7.50%, 09/01/38<sup>(a)</sup> | &nbsp;&nbsp; 343 | 418855 |
| Pacific Gas and Electric Co. |  |  |
| 3.30%, 08/01/40 | &nbsp;&nbsp; 901 | 699594 |
| 3.50%, 08/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1910 | 1318929 |
| 3.75%, 08/15/42 | &nbsp;&nbsp; 278 | 216057 |
| 3.95%, 12/01/47 | &nbsp;&nbsp; 839 | 638767 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 526 | 405777 |
| 4.20%, 06/01/41 | &nbsp;&nbsp; 433 | 365233 |
| 4.25%, 03/15/46 | &nbsp;&nbsp; 737 | 591230 |
| 4.30%, 03/15/45 | &nbsp;&nbsp; 520 | 420973 |
| 4.45%, 04/15/42 | &nbsp;&nbsp; 411 | 351414 |
| 4.50%, 07/01/40 | &nbsp;&nbsp; 1981 | 1758664 |
| 4.50%, 12/15/41 | &nbsp;&nbsp; 239 | 206667 |
| 4.60%, 06/15/43 | &nbsp;&nbsp; 320 | 273787 |
| 4.75%, 02/15/44 | &nbsp;&nbsp; 544 | 472525 |
| 4.95%, 07/01/50 | &nbsp;&nbsp; 3010 | 2605915 |
| 5.25%, 03/01/52 | &nbsp;&nbsp; 882 | 785547 |
| 5.90%, 10/01/54 | &nbsp;&nbsp; 952 | 926439 |
| 6.00%, 05/01/56 | &nbsp;&nbsp; 600 | 592607 |
| 6.10%, 10/15/55 | &nbsp;&nbsp; 1020 | 1022105 |
| 6.15%, 03/01/55 | &nbsp;&nbsp; 980 | 986855 |
| 6.70%, 04/01/53 | &nbsp;&nbsp; 1008 | 1088868 |
| 6.75%, 01/15/53 | &nbsp;&nbsp; 1820 | 1966629 |
| PacifiCorp |  |  |
| 2.90%, 06/15/52 | &nbsp;&nbsp; 1112 | 667289 |
| 3.30%, 03/15/51 | &nbsp;&nbsp; 593 | 389287 |
| 4.10%, 02/01/42 | &nbsp;&nbsp; 340 | 276486 |
| 4.13%, 01/15/49 | &nbsp;&nbsp; 850 | 647990 |
| 4.15%, 02/15/50 | &nbsp;&nbsp; 747 | 567345 |
| 5.35%, 12/01/53 | &nbsp;&nbsp; 1222 | 1096206 |
| 5.50%, 05/15/54 | &nbsp;&nbsp; 1245 | 1141180 |
| 5.75%, 04/01/37 | &nbsp;&nbsp; 615 | 628586 |
| 5.80%, 01/15/55 | &nbsp;&nbsp; 1479 | 1408821 |
| 6.00%, 01/15/39 | &nbsp;&nbsp; 779 | 798563 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 6.10%, 08/01/36 | &nbsp;&nbsp; $345 | $367899 |
| 6.25%, 10/15/37 | &nbsp;&nbsp; 173 | 184110 |
| 6.35%, 07/15/38 | &nbsp;&nbsp; 480 | 511372 |
| PECO Energy Co. |  |  |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 372 | 236996 |
| 2.85%, 09/15/51 | &nbsp;&nbsp; 585 | 372152 |
| 3.00%, 09/15/49 | &nbsp;&nbsp; 545 | 364888 |
| 3.05%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 600 | 400148 |
| 3.70%, 09/15/47 | &nbsp;&nbsp; 543 | 421320 |
| 3.90%, 03/01/48 | &nbsp;&nbsp; 964 | 771496 |
| 4.15%, 10/01/44<sup>(a)</sup> | &nbsp;&nbsp; 349 | 298215 |
| 4.38%, 08/15/52 | &nbsp;&nbsp; 612 | 510203 |
| 4.60%, 05/15/52 | &nbsp;&nbsp; 565 | 489960 |
| 4.80%, 10/15/43<sup>(a)</sup> | &nbsp;&nbsp; 300 | 278637 |
| 5.25%, 09/15/54 | &nbsp;&nbsp; 630 | 598326 |
| 5.65%, 09/15/55 | &nbsp;&nbsp; 610 | 617115 |
| 5.95%, 10/01/36<sup>(a)</sup> | &nbsp;&nbsp; 216 | 237447 |
| Perusahaan Perseroan Persero PT Perusahaan <br> Listrik Negara<br>|  |  |
| 4.00%, 06/30/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 965 | 708122 |
| 4.38%, 02/05/50<sup>(b)</sup> | &nbsp;&nbsp; 495 | 390210 |
| 4.88%, 07/17/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 893 | 760348 |
| 5.25%, 10/24/42<sup>(b)</sup> | &nbsp;&nbsp; 995 | 919935 |
| 5.25%, 05/15/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 565 | 510764 |
| 6.15%, 05/21/48<sup>(b)</sup> | &nbsp;&nbsp; 845 | 849877 |
| 6.25%, 01/25/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 660 | 673638 |
| Potomac Electric Power Co. |  |  |
| 4.15%, 03/15/43 | &nbsp;&nbsp; 541 | 466970 |
| 5.50%, 03/15/54 | &nbsp;&nbsp; 300 | 293960 |
| 6.50%, 11/15/37 | &nbsp;&nbsp; 360 | 408331 |
| 7.90%, 12/15/38 | &nbsp;&nbsp; 445 | 558201 |
| PPL Electric Utilities Corp. |  |  |
| 3.00%, 10/01/49 | &nbsp;&nbsp; 335 | 225784 |
| 3.95%, 06/01/47 | &nbsp;&nbsp; 510 | 414775 |
| 4.13%, 06/15/44 | &nbsp;&nbsp; 362 | 309205 |
| 4.15%, 10/01/45 | &nbsp;&nbsp; 84 | 71164 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 352 | 292488 |
| 4.75%, 07/15/43 | &nbsp;&nbsp; 325 | 302757 |
| 5.20%, 07/15/41<sup>(a)</sup> | &nbsp;&nbsp; 235 | 234929 |
| 5.25%, 05/15/53 | &nbsp;&nbsp; 253 | 243729 |
| 5.55%, 08/15/55<sup>(a)</sup> | &nbsp;&nbsp; 495 | 498592 |
| 6.25%, 05/15/39 | &nbsp;&nbsp; 280 | 311418 |
| Progress Energy, Inc., 6.00%, 12/01/39 | &nbsp;&nbsp; 560 | 599829 |
| Public Service Co. of Colorado |  |  |
| 3.55%, 06/15/46<sup>(a)</sup> | &nbsp;&nbsp; 222 | 165950 |
| 3.60%, 09/15/42 | &nbsp;&nbsp; 563 | 450400 |
| 3.80%, 06/15/47 | &nbsp;&nbsp; 468 | 366335 |
| 3.95%, 03/15/43 | &nbsp;&nbsp; 199 | 163818 |
| 4.05%, 09/15/49 | &nbsp;&nbsp; 348 | 277010 |
| 4.10%, 06/15/48 | &nbsp;&nbsp; 442 | 359569 |
| 4.30%, 03/15/44 | &nbsp;&nbsp; 285 | 247021 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 558 | 474268 |
| 4.75%, 08/15/41 | &nbsp;&nbsp; 110 | 103170 |
| 5.25%, 04/01/53 | &nbsp;&nbsp; 886 | 834012 |
| 5.75%, 05/15/54 | &nbsp;&nbsp; 1010 | 1018860 |
| 5.85%, 05/15/55 | &nbsp;&nbsp; 925 | 945952 |
| 6.50%, 08/01/38 | &nbsp;&nbsp; 225 | 253484 |
| Series 17, 6.25%, 09/01/37 | &nbsp;&nbsp; 350 | 385510 |
| Series 34, 3.20%, 03/01/50<sup>(a)</sup> | &nbsp;&nbsp; 660 | 454535 |
| Series 36, 2.70%, 01/15/51 | &nbsp;&nbsp; 595 | 364584 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Public Service Co. of New Hampshire |  |  |
| 3.60%, 07/01/49 | &nbsp;&nbsp; $342 | $258453 |
| 5.15%, 01/15/53 | &nbsp;&nbsp; 152 | 143634 |
| Public Service Co. of Oklahoma |  |  |
| Series G, 6.63%, 11/15/37 | &nbsp;&nbsp; 149 | 169368 |
| Series K, 3.15%, 08/15/51 | &nbsp;&nbsp; 387 | 259356 |
| Public Service Electric and Gas Co. |  |  |
| 2.05%, 08/01/50 | &nbsp;&nbsp; 363 | 199375 |
| 2.70%, 05/01/50 | &nbsp;&nbsp; 359 | 229694 |
| 3.00%, 03/01/51 | &nbsp;&nbsp; 407 | 271241 |
| 3.15%, 01/01/50 | &nbsp;&nbsp; 418 | 287330 |
| 3.20%, 08/01/49 | &nbsp;&nbsp; 480 | 337103 |
| 3.60%, 12/01/47 | &nbsp;&nbsp; 422 | 320994 |
| 3.65%, 09/01/42 | &nbsp;&nbsp; 320 | 261795 |
| 3.80%, 01/01/43 | &nbsp;&nbsp; 350 | 291762 |
| 3.80%, 03/01/46 | &nbsp;&nbsp; 476 | 383229 |
| 3.85%, 05/01/49 | &nbsp;&nbsp; 461 | 361278 |
| 3.95%, 05/01/42 | &nbsp;&nbsp; 396 | 341553 |
| 4.05%, 05/01/48 | &nbsp;&nbsp; 385 | 313989 |
| 4.15%, 11/01/45<sup>(a)</sup> | &nbsp;&nbsp; 234 | 196883 |
| 5.13%, 03/15/53 | &nbsp;&nbsp; 450 | 425994 |
| 5.30%, 08/01/54 | &nbsp;&nbsp; 445 | 431922 |
| 5.38%, 11/01/39 | &nbsp;&nbsp; 160 | 163984 |
| 5.45%, 08/01/53 | &nbsp;&nbsp; 338 | 333759 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 545 | 538782 |
| 5.50%, 03/01/40 | &nbsp;&nbsp; 245 | 253599 |
| 5.70%, 12/01/36 | &nbsp;&nbsp; 199 | 214524 |
| 5.80%, 05/01/37 | &nbsp;&nbsp; 297 | 322157 |
| Series I, 4.00%, 06/01/44 | &nbsp;&nbsp; 225 | 185916 |
| Series K, 4.05%, 05/01/45 | &nbsp;&nbsp; 159 | 130159 |
| Series Q, 5.50%, 03/01/55<sup>(a)</sup> | &nbsp;&nbsp; 420 | 416183 |
| Series R, 5.63%, 01/01/56<sup>(a)</sup> | &nbsp;&nbsp; 350 | 357439 |
| Puget Sound Energy, Inc. |  |  |
| 2.89%, 09/15/51 | &nbsp;&nbsp; 445 | 291342 |
| 3.25%, 09/15/49 | &nbsp;&nbsp; 861 | 601825 |
| 4.22%, 06/15/48 | &nbsp;&nbsp; 384 | 320848 |
| 4.30%, 05/20/45 | &nbsp;&nbsp; 206 | 173983 |
| 4.43%, 11/15/41 | &nbsp;&nbsp; 176 | 159147 |
| 5.45%, 06/01/53 | &nbsp;&nbsp; 351 | 343521 |
| 5.60%, 09/15/55 | &nbsp;&nbsp; 490 | 489598 |
| 5.64%, 04/15/41 | &nbsp;&nbsp; 25 | 25485 |
| 5.69%, 06/15/54 | &nbsp;&nbsp; 75 | 75792 |
| 5.76%, 10/01/39 | &nbsp;&nbsp; 330 | 349935 |
| 5.76%, 07/15/40<sup>(a)</sup> | &nbsp;&nbsp; 240 | 247722 |
| 5.80%, 03/15/40 | &nbsp;&nbsp; 319 | 334055 |
| 6.27%, 03/15/37 | &nbsp;&nbsp; 270 | 297958 |
| 6.72%, 06/15/36 | &nbsp;&nbsp; 265 | 299239 |
| Ruwais Power Co. PJSC, 6.00%, 08/31/36<sup>(b)</sup> | &nbsp;&nbsp; 755 | 804807 |
| RWE Finance U.S. LLC |  |  |
| 5.88%, 09/18/55<sup>(b)</sup> | &nbsp;&nbsp; 845 | 840376 |
| 6.25%, 04/16/54<sup>(b)</sup> | &nbsp;&nbsp; 845 | 881900 |
| San Diego Gas & Electric Co. |  |  |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 383 | 285082 |
| 3.95%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 126 | 106306 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 405 | 330810 |
| 4.30%, 04/01/42<sup>(a)</sup> | &nbsp;&nbsp; 137 | 119916 |
| 4.50%, 08/15/40 | &nbsp;&nbsp; 462 | 426778 |
| 5.35%, 05/15/40 | &nbsp;&nbsp; 190 | 193022 |
| 5.35%, 04/01/53 | &nbsp;&nbsp; 654 | 622126 |
| 5.55%, 04/15/54 | &nbsp;&nbsp; 518 | 510269 |
| 6.00%, 06/01/39 | &nbsp;&nbsp; 273 | 294787 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series FFF, 6.13%, 09/15/37<sup>(a)</sup> | &nbsp;&nbsp; $355 | $392537 |
| Series RRR, 3.75%, 06/01/47 | &nbsp;&nbsp; 491 | 382414 |
| Series TTT, 4.10%, 06/15/49 | &nbsp;&nbsp; 416 | 334310 |
| Series UUU, 3.32%, 04/15/50 | &nbsp;&nbsp; 462 | 323360 |
| Series WWW, 2.95%, 08/15/51<sup>(a)</sup> | &nbsp;&nbsp; 597 | 391043 |
| Saudi Electricity Global Sukuk Co. 2, 5.06%, <br> 04/08/43<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1005 | 973379 |
| Saudi Electricity Global Sukuk Co. 3, 5.50%, <br> 04/08/44<sup>(b)</sup><br>| &nbsp;&nbsp; 1142 | 1148775 |
| Sempra |  |  |
| 3.80%, 02/01/38 | &nbsp;&nbsp; 1108 | 968066 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 733 | 568948 |
| 6.00%, 10/15/39 | &nbsp;&nbsp; 842 | 889295 |
| Sierra Pacific Power Co. |  |  |
| 5.90%, 03/15/54 | &nbsp;&nbsp; 477 | 486189 |
| Series P, 6.75%, 07/01/37 | &nbsp;&nbsp; 245 | 279861 |
| Southern California Edison Co. |  |  |
| 3.45%, 02/01/52 | &nbsp;&nbsp; 435 | 297134 |
| 3.65%, 02/01/50 | &nbsp;&nbsp; 1267 | 907997 |
| 3.90%, 12/01/41<sup>(a)</sup> | &nbsp;&nbsp; 210 | 170333 |
| 4.00%, 04/01/47 | &nbsp;&nbsp; 1849 | 1423374 |
| 4.05%, 03/15/42<sup>(a)</sup> | &nbsp;&nbsp; 515 | 419907 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 777 | 693161 |
| 4.65%, 10/01/43 | &nbsp;&nbsp; 716 | 620658 |
| 5.50%, 03/15/40<sup>(a)</sup> | &nbsp;&nbsp; 696 | 694164 |
| 5.70%, 03/01/53 | &nbsp;&nbsp; 440 | 419033 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 365 | 351295 |
| 5.88%, 12/01/53<sup>(a)</sup> | &nbsp;&nbsp; 711 | 698546 |
| 5.90%, 03/01/55 | &nbsp;&nbsp; 660 | 650444 |
| 6.05%, 03/15/39 | &nbsp;&nbsp; 691 | 723033 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 650 | 669364 |
| Series 06-E, 5.55%, 01/15/37<sup>(a)</sup> | &nbsp;&nbsp; 648 | 660948 |
| Series 08-A, 5.95%, 02/01/38 | &nbsp;&nbsp; 827 | 862815 |
| Series 13-A, 3.90%, 03/15/43 | &nbsp;&nbsp; 367 | 289526 |
| Series 20A, 2.95%, 02/01/51 | &nbsp;&nbsp; 845 | 529915 |
| Series B, 4.88%, 03/01/49 | &nbsp;&nbsp; 641 | 552639 |
| Series C, 3.60%, 02/01/45 | &nbsp;&nbsp; 433 | 321581 |
| Series C, 4.13%, 03/01/48 | &nbsp;&nbsp; 1375 | 1076170 |
| Series E, 5.45%, 06/01/52 | &nbsp;&nbsp; 315 | 288872 |
| Series H, 3.65%, 06/01/51 | &nbsp;&nbsp; 463 | 324661 |
| Southern Co.(The) |  |  |
| 4.25%, 07/01/36 | &nbsp;&nbsp; 527 | 499085 |
| 4.40%, 07/01/46 | &nbsp;&nbsp; 2024 | 1730736 |
| Southern Power Co. |  |  |
| 5.15%, 09/15/41 | &nbsp;&nbsp; 590 | 577067 |
| 5.25%, 07/15/43 | &nbsp;&nbsp; 310 | 301873 |
| Series F, 4.95%, 12/15/46 | &nbsp;&nbsp; 198 | 178737 |
| Southwestern Electric Power Co. |  |  |
| 3.25%, 11/01/51 | &nbsp;&nbsp; 540 | 359114 |
| 6.20%, 03/15/40 | &nbsp;&nbsp; 289 | 310927 |
| Series J, 3.90%, 04/01/45 | &nbsp;&nbsp; 353 | 278014 |
| Series L, 3.85%, 02/01/48 | &nbsp;&nbsp; 380 | 290037 |
| Southwestern Public Service Co. |  |  |
| 3.40%, 08/15/46 | &nbsp;&nbsp; 417 | 301893 |
| 3.70%, 08/15/47 | &nbsp;&nbsp; 582 | 444985 |
| 3.75%, 06/15/49<sup>(a)</sup> | &nbsp;&nbsp; 370 | 281849 |
| 4.50%, 08/15/41 | &nbsp;&nbsp; 378 | 340892 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 231 | 244965 |
| 6.00%, 06/01/54 | &nbsp;&nbsp; 660 | 684614 |
| Series 6, 4.40%, 11/15/48 | &nbsp;&nbsp; 357 | 298503 |
| Series 8, 3.15%, 05/01/50 | &nbsp;&nbsp; 718 | 484432 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Star Energy Geothermal Darajat II/Star Energy <br> Geothermal Salak, 4.85%, 10/14/38<sup>(b)</sup><br>| &nbsp;&nbsp; $270 | $261583 |
| State Grid Overseas Investment 2013 Ltd., 4.38%, <br> 05/22/43<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 475 | 460027 |
| State Grid Overseas Investment 2014 Ltd., 4.85%, <br> 05/07/44<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 720 | 737797 |
| State Grid Overseas Investment BVI Ltd., 4.00%, <br> 05/04/47<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 425 | 388180 |
| Tampa Electric Co. |  |  |
| 3.45%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp; 170 | 122372 |
| 3.63%, 06/15/50<sup>(a)</sup> | &nbsp;&nbsp; 290 | 216237 |
| 4.10%, 06/15/42 | &nbsp;&nbsp; 204 | 176507 |
| 4.20%, 05/15/45 | &nbsp;&nbsp; 70 | 58640 |
| 4.30%, 06/15/48<sup>(a)</sup> | &nbsp;&nbsp; 540 | 455011 |
| 4.35%, 05/15/44 | &nbsp;&nbsp; 369 | 321369 |
| 4.45%, 06/15/49 | &nbsp;&nbsp; 371 | 315207 |
| 5.00%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 205 | 190483 |
| 6.15%, 05/15/37<sup>(a)</sup> | &nbsp;&nbsp; 150 | 164215 |
| 6.55%, 05/15/36<sup>(a)</sup> | &nbsp;&nbsp; 195 | 219718 |
| Tierra Mojada Luxembourg II SARL, 5.75%, <br> 12/01/40<sup>(b)</sup><br>| &nbsp;&nbsp; 274 | 269862 |
| Toledo Edison Co. (The), 6.15%, 05/15/37 | &nbsp;&nbsp; 100 | 110383 |
| Tri-State Generation & Transmission <br> Association, Inc.<br>|  |  |
| 4.70%, 11/01/44 | &nbsp;&nbsp; 196 | 169795 |
| 6.00%, 06/15/40<sup>(b)</sup> | &nbsp;&nbsp; 272 | 286724 |
| Tucson Electric Power Co. |  |  |
| 3.25%, 05/01/51 | &nbsp;&nbsp; 191 | 130308 |
| 4.00%, 06/15/50 | &nbsp;&nbsp; 376 | 296108 |
| 4.85%, 12/01/48 | &nbsp;&nbsp; 454 | 408561 |
| 5.50%, 04/15/53 | &nbsp;&nbsp; 130 | 126379 |
| 5.90%, 04/15/55 | &nbsp;&nbsp; 165 | 169304 |
| Union Electric Co. |  |  |
| 2.63%, 03/15/51 | &nbsp;&nbsp; 536 | 328864 |
| 3.25%, 10/01/49 | &nbsp;&nbsp; 453 | 315721 |
| 3.65%, 04/15/45 | &nbsp;&nbsp; 366 | 291128 |
| 3.90%, 09/15/42 | &nbsp;&nbsp; 374 | 316247 |
| 3.90%, 04/01/52 | &nbsp;&nbsp; 480 | 373409 |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 441 | 355399 |
| 5.13%, 03/15/55 | &nbsp;&nbsp; 295 | 276325 |
| 5.25%, 01/15/54 | &nbsp;&nbsp; 335 | 319239 |
| 5.30%, 08/01/37<sup>(a)</sup> | &nbsp;&nbsp; 222 | 230992 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 454 | 447284 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 425 | 422709 |
| 8.45%, 03/15/39 | &nbsp;&nbsp; 207 | 270695 |
| Virginia Electric and Power Co. |  |  |
| 2.45%, 12/15/50 | &nbsp;&nbsp; 859 | 497515 |
| 2.95%, 11/15/51 | &nbsp;&nbsp; 1268 | 807956 |
| 3.30%, 12/01/49 | &nbsp;&nbsp; 537 | 373818 |
| 4.00%, 01/15/43<sup>(a)</sup> | &nbsp;&nbsp; 489 | 408396 |
| 4.45%, 02/15/44 | &nbsp;&nbsp; 649 | 569155 |
| 4.60%, 12/01/48 | &nbsp;&nbsp; 747 | 642527 |
| 5.35%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 850 | 805738 |
| 5.45%, 04/01/53 | &nbsp;&nbsp; 1102 | 1059177 |
| 5.55%, 08/15/54 | &nbsp;&nbsp; 1035 | 1006714 |
| 5.65%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 950 | 935352 |
| 5.70%, 08/15/53<sup>(a)</sup> | &nbsp;&nbsp; 820 | 813355 |
| 5.70%, 03/15/56 | &nbsp;&nbsp; 1450 | 1439967 |
| 6.35%, 11/30/37 | &nbsp;&nbsp; 457 | 507276 |
| 8.88%, 11/15/38 | &nbsp;&nbsp; 632 | 845523 |
| Series A, 6.00%, 05/15/37 | &nbsp;&nbsp; 638 | 689162 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series B, 3.80%, 09/15/47 | &nbsp;&nbsp; $598 | $464176 |
| Series B, 4.20%, 05/15/45 | &nbsp;&nbsp; 277 | 232103 |
| Series C, 4.00%, 11/15/46 | &nbsp;&nbsp; 502 | 404701 |
| Series C, 4.63%, 05/15/52 | &nbsp;&nbsp; 918 | 781005 |
| Series D, 4.65%, 08/15/43 | &nbsp;&nbsp; 608 | 550001 |
| Series D, 5.60%, 09/15/55 | &nbsp;&nbsp; 1005 | 984911 |
| Wisconsin Electric Power Co. |  |  |
| 3.65%, 12/15/42 | &nbsp;&nbsp; 201 | 162079 |
| 4.25%, 06/01/44 | &nbsp;&nbsp; 276 | 238010 |
| 4.30%, 12/15/45 | &nbsp;&nbsp; 181 | 154795 |
| 4.30%, 10/15/48 | &nbsp;&nbsp; 468 | 396495 |
| 5.05%, 10/01/54<sup>(a)</sup> | &nbsp;&nbsp; 160 | 148937 |
| 5.70%, 12/01/36 | &nbsp;&nbsp; 190 | 205328 |
| Wisconsin Power and Light Co. |  |  |
| 3.65%, 04/01/50 | &nbsp;&nbsp; 419 | 310803 |
| 4.10%, 10/15/44 | &nbsp;&nbsp; 185 | 152835 |
| 5.70%, 12/15/55 | &nbsp;&nbsp; 300 | 300313 |
| 6.38%, 08/15/37 | &nbsp;&nbsp; 250 | 277914 |
| 7.60%, 10/01/38 | &nbsp;&nbsp; 195 | 233705 |
| Wisconsin Public Service Corp. |  |  |
| 2.85%, 12/01/51<sup>(a)</sup> | &nbsp;&nbsp; 135 | 87093 |
| 3.30%, 09/01/49 | &nbsp;&nbsp; 264 | 186122 |
| 3.67%, 12/01/42 | &nbsp;&nbsp; 223 | 183601 |
| 4.75%, 11/01/44 | &nbsp;&nbsp; 365 | 334909 |
| Xcel Energy, Inc. |  |  |
| 3.50%, 12/01/49 | &nbsp;&nbsp; 521 | 379491 |
| 4.80%, 09/15/41 | &nbsp;&nbsp; 238 | 221746 |
| 6.50%, 07/01/36 | &nbsp;&nbsp; 260 | 288593 |
|  |  | 366551822 |
| **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** |
| ABB Finance USA, Inc., 4.38%, 05/08/42 | &nbsp;&nbsp; 451 | 412252 |
| Emerson Electric Co. |  |  |
| 2.75%, 10/15/50 | &nbsp;&nbsp; 606 | 392514 |
| 2.80%, 12/21/51 | &nbsp;&nbsp; 755 | 489805 |
| 5.25%, 11/15/39 | &nbsp;&nbsp; 332 | 344727 |
| 6.13%, 04/15/39<sup>(a)</sup> | &nbsp;&nbsp; 195 | 216940 |
|  |  | 1856238 |
| **Electronics — 0.3%** | **Electronics — 0.3%** | **Electronics — 0.3%** |
| Amphenol Corp. |  |  |
| 5.30%, 11/15/55 | &nbsp;&nbsp; 1190 | 1152322 |
| 5.38%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 585 | 576699 |
| Fortive Corp., 4.30%, 06/15/46 | &nbsp;&nbsp; 634 | 535096 |
| Honeywell International, Inc. |  |  |
| 2.80%, 06/01/50 | &nbsp;&nbsp; 724 | 490596 |
| 3.81%, 11/21/47 | &nbsp;&nbsp; 472 | 376659 |
| 5.25%, 03/01/54 | &nbsp;&nbsp; 1630 | 1568296 |
| 5.35%, 03/01/64 | &nbsp;&nbsp; 579 | 559650 |
| 5.38%, 03/01/41 | &nbsp;&nbsp; 433 | 449381 |
| 5.70%, 03/15/36 | &nbsp;&nbsp; 463 | 499791 |
| 5.70%, 03/15/37 | &nbsp;&nbsp; 451 | 488165 |
| Tyco Electronics Group SA, 7.13%, 10/01/37 | &nbsp;&nbsp; 305 | 363199 |
|  |  | 7059854 |
| **Energy - Alternate Sources — 0.0%** | **Energy - Alternate Sources — 0.0%** | **Energy - Alternate Sources — 0.0%** |
| Sweihan PV Power Co. PJSC, 3.63%, 01/31/49<sup>(b)</sup> | &nbsp;&nbsp; 540 | 462213 |
| **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** |
| Aeropuerto Internacional de Tocumen SA |  |  |
| 4.00%, 08/11/41<sup>(b)</sup> | &nbsp;&nbsp; 525 | 451894 |
| 5.13%, 08/11/61<sup>(a)(b)</sup> | &nbsp;&nbsp; 1277 | 1072999 |
| Cellnex Finance Co. SA, 3.88%, 07/07/41<sup>(b)</sup> | &nbsp;&nbsp; 200 | 166345 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Engineering & Construction (continued)** | **Engineering & Construction (continued)** | **Engineering & Construction (continued)** |
| LBJ Infrastructure Group LLC, 3.80%, <br> 12/31/57<sup>(a)(b)</sup><br>| &nbsp;&nbsp; $332 | $241641 |
| Mexico City Airport Trust |  |  |
| 5.50%, 10/31/46<sup>(b)</sup> | &nbsp;&nbsp; 703 | 623580 |
| 5.50%, 07/31/47<sup>(b)</sup> | &nbsp;&nbsp; 1711 | 1499828 |
|  |  | 4056287 |
| **Environmental Control — 0.2%** | **Environmental Control — 0.2%** | **Environmental Control — 0.2%** |
| Nature Conservancy (The), Series A, 3.96%, <br> 03/01/52<br>| &nbsp;&nbsp; 297 | 242657 |
| Republic Services, Inc. |  |  |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 533 | 366593 |
| 5.70%, 05/15/41<sup>(a)</sup> | &nbsp;&nbsp; 303 | 325319 |
| 6.20%, 03/01/40 | &nbsp;&nbsp; 382 | 431287 |
| Waste Connections, Inc. |  |  |
| 2.95%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 626 | 414456 |
| 3.05%, 04/01/50 | &nbsp;&nbsp; 587 | 405448 |
| Waste Management, Inc. |  |  |
| 2.50%, 11/15/50 | &nbsp;&nbsp; 419 | 259118 |
| 2.95%, 06/01/41 | &nbsp;&nbsp; 349 | 271295 |
| 4.10%, 03/01/45<sup>(a)</sup> | &nbsp;&nbsp; 290 | 251575 |
| 4.15%, 07/15/49 | &nbsp;&nbsp; 770 | 657979 |
| 5.35%, 10/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1080 | 1069235 |
|  |  | 4694962 |
| **Food — 2.3%** | **Food — 2.3%** | **Food — 2.3%** |
| Bimbo Bakeries USA, Inc., 4.00%, 05/17/51<sup>(b)</sup> | &nbsp;&nbsp; 425 | 341644 |
| Campbell's Company/The |  |  |
| 3.13%, 04/24/50 | &nbsp;&nbsp; 418 | 275684 |
| 4.80%, 03/15/48 | &nbsp;&nbsp; 627 | 541968 |
| 5.25%, 10/13/54<sup>(a)</sup> | &nbsp;&nbsp; 210 | 190694 |
| Cencosud SA, 6.63%, 02/12/45<sup>(b)</sup> | &nbsp;&nbsp; 200 | 212750 |
| Conagra Brands, Inc. |  |  |
| 5.30%, 11/01/38 | &nbsp;&nbsp; 1088 | 1048132 |
| 5.40%, 11/01/48<sup>(a)</sup> | &nbsp;&nbsp; 840 | 753207 |
| Flowers Foods, Inc., 6.20%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 195 | 170556 |
| General Mills, Inc. |  |  |
| 3.00%, 02/01/51<sup>(a)</sup> | &nbsp;&nbsp; 641 | 420769 |
| 4.15%, 02/15/43 | &nbsp;&nbsp; 305 | 258187 |
| 4.55%, 04/17/38<sup>(a)</sup> | &nbsp;&nbsp; 414 | 391886 |
| 4.70%, 04/17/48<sup>(a)</sup> | &nbsp;&nbsp; 262 | 233002 |
| 5.40%, 06/15/40 | &nbsp;&nbsp; 376 | 383117 |
| Gruma SAB de CV, 5.76%, 12/09/54<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200800 |
| Grupo Bimbo SAB de CV |  |  |
| 4.00%, 09/06/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 375 | 306373 |
| 4.70%, 11/10/47<sup>(b)</sup> | &nbsp;&nbsp; 624 | 563642 |
| 4.88%, 06/27/44<sup>(b)</sup> | &nbsp;&nbsp; 405 | 382060 |
| Hershey Co.(The) |  |  |
| 2.65%, 06/01/50 | &nbsp;&nbsp; 308 | 196255 |
| 3.13%, 11/15/49 | &nbsp;&nbsp; 344 | 245060 |
| 3.38%, 08/15/46 | &nbsp;&nbsp; 224 | 170299 |
| Hormel Foods Corp., 3.05%, 06/03/51 | &nbsp;&nbsp; 449 | 300657 |
| Ingredion, Inc. |  |  |
| 3.90%, 06/01/50 | &nbsp;&nbsp; 235 | 183778 |
| 6.63%, 04/15/37<sup>(a)</sup> | &nbsp;&nbsp; 199 | 225601 |
| J M Smucker Co.(The) |  |  |
| 4.38%, 03/15/45 | &nbsp;&nbsp; 542 | 469150 |
| 6.50%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 689 | 752025 |
| 6.50%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 890 | 978182 |
| JBS NV/JBS USA Foods Group Holdings, Inc./JBS <br> USA Food Co. Holdings<br>|  |  |
| 6.25%, 03/01/56<sup>(a)</sup> | &nbsp;&nbsp; 1585 | 1618470 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 6.38%, 02/25/55 | &nbsp;&nbsp; $1095 | $1131331 |
| 6.38%, 04/15/66 | &nbsp;&nbsp; 1075 | 1094199 |
| JBS USA Holding Lux Sarl/JBS USA Foods Group <br> Holdings, Inc./JBS USA Food Co.<br>|  |  |
| 4.38%, 02/02/52 | &nbsp;&nbsp; 1515 | 1197761 |
| 6.50%, 12/01/52 | &nbsp;&nbsp; 1860 | 1965369 |
| 7.25%, 11/15/53 | &nbsp;&nbsp; 1050 | 1200562 |
| Kellanova |  |  |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 520 | 467387 |
| 5.75%, 05/16/54 | &nbsp;&nbsp; 200 | 204398 |
| Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40 | &nbsp;&nbsp; 395 | 417739 |
| Kraft Heinz Foods Co. |  |  |
| 4.38%, 06/01/46 | &nbsp;&nbsp; 2810 | 2306446 |
| 4.63%, 10/01/39 | &nbsp;&nbsp; 810 | 741956 |
| 4.88%, 10/01/49 | &nbsp;&nbsp; 1404 | 1210287 |
| 5.00%, 06/04/42 | &nbsp;&nbsp; 1335 | 1224208 |
| 5.20%, 07/15/45 | &nbsp;&nbsp; 1621 | 1484419 |
| 5.50%, 06/01/50 | &nbsp;&nbsp; 780 | 732986 |
| 6.50%, 02/09/40 | &nbsp;&nbsp; 813 | 883345 |
| 6.88%, 01/26/39 | &nbsp;&nbsp; 1120 | 1263121 |
| 7.13%, 08/01/39<sup>(b)</sup> | &nbsp;&nbsp; 1048 | 1193882 |
| Kroger Co.(The) |  |  |
| 3.88%, 10/15/46 | &nbsp;&nbsp; 861 | 680882 |
| 3.95%, 01/15/50 | &nbsp;&nbsp; 903 | 699681 |
| 4.45%, 02/01/47 | &nbsp;&nbsp; 1279 | 1094941 |
| 4.65%, 01/15/48 | &nbsp;&nbsp; 630 | 551253 |
| 5.00%, 04/15/42 | &nbsp;&nbsp; 297 | 282964 |
| 5.15%, 08/01/43<sup>(a)</sup> | &nbsp;&nbsp; 294 | 284359 |
| 5.40%, 07/15/40<sup>(a)</sup> | &nbsp;&nbsp; 300 | 304812 |
| 5.40%, 01/15/49 | &nbsp;&nbsp; 571 | 552893 |
| 5.50%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1770 | 1711065 |
| 5.65%, 09/15/64 | &nbsp;&nbsp; 1703 | 1646083 |
| 6.90%, 04/15/38 | &nbsp;&nbsp; 405 | 472426 |
| Mars, Inc. |  |  |
| 2.38%, 07/16/40<sup>(b)</sup> | &nbsp;&nbsp; 1005 | 735802 |
| 2.45%, 07/16/50<sup>(b)</sup> | &nbsp;&nbsp; 552 | 332397 |
| 3.88%, 04/01/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 764 | 686307 |
| 3.95%, 04/01/44<sup>(b)</sup> | &nbsp;&nbsp; 382 | 321534 |
| 3.95%, 04/01/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 948 | 767535 |
| 4.13%, 04/01/54<sup>(b)</sup> | &nbsp;&nbsp; 447 | 360969 |
| 4.20%, 04/01/59<sup>(a)(b)</sup> | &nbsp;&nbsp; 556 | 451053 |
| 5.65%, 05/01/45<sup>(b)</sup> | &nbsp;&nbsp; 2640 | 2701734 |
| 5.70%, 05/01/55<sup>(b)</sup> | &nbsp;&nbsp; 4604 | 4668703 |
| 5.80%, 05/01/65<sup>(a)(b)</sup> | &nbsp;&nbsp; 1240 | 1270024 |
| McCormick & Co., Inc./MD, 4.20%, 08/15/47 | &nbsp;&nbsp; 194 | 160921 |
| Mondelez International, Inc., 2.63%, 09/04/50<sup>(a)</sup> | &nbsp;&nbsp; 915 | 559012 |
| Nestle Capital Corp., 5.10%, 03/12/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 550 | 535404 |
| Nestle Holdings, Inc. |  |  |
| 2.50%, 09/14/41<sup>(b)</sup> | &nbsp;&nbsp; 205 | 150653 |
| 2.63%, 09/14/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 582 | 369967 |
| 3.90%, 09/24/38<sup>(a)(b)</sup> | &nbsp;&nbsp; 1372 | 1261646 |
| 4.00%, 09/24/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 1897 | 1587773 |
| 4.70%, 01/15/53<sup>(a)(b)</sup> | &nbsp;&nbsp; 933 | 857966 |
| Sigma Foods SAB de CV, 6.88%, 03/25/44<sup>(b)</sup> | &nbsp;&nbsp; 1172 | 1295762 |
| Sysco Corp. |  |  |
| 3.15%, 12/14/51 | &nbsp;&nbsp; 611 | 413051 |
| 3.30%, 02/15/50<sup>(a)</sup> | &nbsp;&nbsp; 499 | 354586 |
| 4.45%, 03/15/48 | &nbsp;&nbsp; 528 | 452525 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 516 | 447655 |
| 4.85%, 10/01/45 | &nbsp;&nbsp; 485 | 442194 |
| 6.60%, 04/01/40 | &nbsp;&nbsp; 250 | 283057 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 6.60%, 04/01/50 | &nbsp;&nbsp; $1139 | $1275235 |
| Tesco PLC, 6.15%, 11/15/37<sup>(b)</sup> | &nbsp;&nbsp; 285 | 302096 |
| Tyson Foods, Inc. |  |  |
| 4.55%, 06/02/47<sup>(a)</sup> | &nbsp;&nbsp; 625 | 548657 |
| 5.10%, 09/28/48<sup>(a)</sup> | &nbsp;&nbsp; 1416 | 1332184 |
| 5.15%, 08/15/44 | &nbsp;&nbsp; 402 | 386207 |
|  |  | 64127312 |
| **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** |
| Celulosa Arauco y Constitucion SA |  |  |
| 5.15%, 01/29/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 492 | 421718 |
| 5.50%, 11/02/47 | &nbsp;&nbsp; 422 | 381143 |
| 5.50%, 04/30/49<sup>(a)(b)</sup> | &nbsp;&nbsp; 400 | 360990 |
| International Paper Co. |  |  |
| 4.35%, 08/15/48<sup>(a)</sup> | &nbsp;&nbsp; 656 | 536133 |
| 4.40%, 08/15/47 | &nbsp;&nbsp; 604 | 502586 |
| 4.80%, 06/15/44<sup>(a)</sup> | &nbsp;&nbsp; 605 | 539791 |
| 5.15%, 05/15/46<sup>(a)</sup> | &nbsp;&nbsp; 490 | 452366 |
| 6.00%, 11/15/41<sup>(a)</sup> | &nbsp;&nbsp; 593 | 616928 |
| 7.30%, 11/15/39 | &nbsp;&nbsp; 349 | 408531 |
| Suzano Austria GmbH, 7.00%, 03/16/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 1178 | 1320524 |
|  |  | 5540710 |
| **Gas — 1.1%** | **Gas — 1.1%** | **Gas — 1.1%** |
| APA Infrastructure Ltd., 5.75%, 09/16/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 280 | 288703 |
| Atmos Energy Corp. |  |  |
| 2.85%, 02/15/52 | &nbsp;&nbsp; 679 | 437491 |
| 3.38%, 09/15/49 | &nbsp;&nbsp; 305 | 218896 |
| 4.13%, 10/15/44<sup>(a)</sup> | &nbsp;&nbsp; 771 | 662824 |
| 4.13%, 03/15/49 | &nbsp;&nbsp; 636 | 524082 |
| 4.15%, 01/15/43 | &nbsp;&nbsp; 469 | 410442 |
| 4.30%, 10/01/48 | &nbsp;&nbsp; 716 | 605798 |
| 5.00%, 12/15/54 | &nbsp;&nbsp; 770 | 711950 |
| 5.45%, 01/15/56 | &nbsp;&nbsp; 690 | 680158 |
| 5.50%, 06/15/41 | &nbsp;&nbsp; 445 | 460351 |
| 5.75%, 10/15/52<sup>(a)</sup> | &nbsp;&nbsp; 502 | 515353 |
| 6.20%, 11/15/53 | &nbsp;&nbsp; 504 | 553886 |
| Boston Gas Co. |  |  |
| 4.49%, 02/15/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 470 | 412116 |
| 6.12%, 07/20/53<sup>(b)</sup> | &nbsp;&nbsp; 360 | 368296 |
| Brooklyn Union Gas Co.(The) |  |  |
| 4.27%, 03/15/48<sup>(b)</sup> | &nbsp;&nbsp; 920 | 752080 |
| 4.49%, 03/04/49<sup>(b)</sup> | &nbsp;&nbsp; 417 | 345640 |
| 4.50%, 03/10/46<sup>(b)</sup> | &nbsp;&nbsp; 472 | 400728 |
| 6.42%, 07/18/54<sup>(b)</sup> | &nbsp;&nbsp; 475 | 502911 |
| CenterPoint Energy Resources Corp. |  |  |
| 5.85%, 01/15/41 | &nbsp;&nbsp; 361 | 380892 |
| 6.63%, 11/01/37 | &nbsp;&nbsp; 275 | 309711 |
| Centrica PLC, 5.38%, 10/16/43<sup>(b)</sup> | &nbsp;&nbsp; 354 | 335215 |
| East Ohio Gas Co. (The), 3.00%, 06/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 782 | 513920 |
| KeySpan Gas East Corp. |  |  |
| 3.59%, 01/18/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 444 | 306673 |
| 5.82%, 04/01/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 465 | 480318 |
| Korea Gas Corp., 6.25%, 01/20/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 880 | 994962 |
| Mega Advance Investments Ltd., 6.38%, <br> 05/12/41<sup>(b)</sup><br>| &nbsp;&nbsp; 335 | 381194 |
| NiSource, Inc. |  |  |
| 3.95%, 03/30/48 | &nbsp;&nbsp; 782 | 616931 |
| 4.38%, 05/15/47 | &nbsp;&nbsp; 1137 | 961592 |
| 4.80%, 02/15/44 | &nbsp;&nbsp; 800 | 728411 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 504 | 446963 |
| 5.25%, 02/15/43 | &nbsp;&nbsp; 422 | 409794 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| 5.65%, 02/01/45<sup>(a)</sup> | &nbsp;&nbsp; $553 | $557687 |
| 5.80%, 02/01/42<sup>(a)</sup> | &nbsp;&nbsp; 184 | 187592 |
| 5.85%, 04/01/55 | &nbsp;&nbsp; 1580 | 1593595 |
| 5.95%, 06/15/41 | &nbsp;&nbsp; 847 | 888858 |
| ONE Gas, Inc. |  |  |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 322 | 285649 |
| 4.66%, 02/01/44 | &nbsp;&nbsp; 581 | 527711 |
| Piedmont Natural Gas Co., Inc. |  |  |
| 3.35%, 06/01/50 | &nbsp;&nbsp; 322 | 224402 |
| 3.64%, 11/01/46 | &nbsp;&nbsp; 395 | 303159 |
| 4.65%, 08/01/43 | &nbsp;&nbsp; 294 | 265670 |
| 5.05%, 05/15/52 | &nbsp;&nbsp; 357 | 326821 |
| Snam SpA, 6.50%, 05/28/55<sup>(b)</sup> | &nbsp;&nbsp; 535 | 574815 |
| Southern California Gas Co. |  |  |
| 3.75%, 09/15/42 | &nbsp;&nbsp; 480 | 388587 |
| 4.45%, 03/15/44<sup>(a)</sup> | &nbsp;&nbsp; 165 | 143372 |
| 5.13%, 11/15/40<sup>(a)</sup> | &nbsp;&nbsp; 601 | 593697 |
| 5.60%, 04/01/54 | &nbsp;&nbsp; 515 | 507255 |
| 5.75%, 06/01/53<sup>(a)</sup> | &nbsp;&nbsp; 524 | 526401 |
| 6.00%, 06/15/55 | &nbsp;&nbsp; 590 | 612166 |
| 6.35%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp; 678 | 738957 |
| Series UU, 4.13%, 06/01/48 | &nbsp;&nbsp; 489 | 390944 |
| Series VV, 4.30%, 01/15/49 | &nbsp;&nbsp; 639 | 526907 |
| Series WW, 3.95%, 02/15/50 | &nbsp;&nbsp; 490 | 375750 |
| Southern Co. Gas Capital Corp. |  |  |
| 3.95%, 10/01/46 | &nbsp;&nbsp; 716 | 570402 |
| 4.40%, 06/01/43 | &nbsp;&nbsp; 454 | 398129 |
| 4.40%, 05/30/47 | &nbsp;&nbsp; 492 | 419794 |
| 5.88%, 03/15/41 | &nbsp;&nbsp; 1036 | 1089227 |
| Series 21A, 3.15%, 09/30/51<sup>(a)</sup> | &nbsp;&nbsp; 518 | 343741 |
| Southwest Gas Corp. |  |  |
| 3.18%, 08/15/51<sup>(a)</sup> | &nbsp;&nbsp; 338 | 228353 |
| 3.80%, 09/29/46 | &nbsp;&nbsp; 263 | 206459 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 302 | 242239 |
| Spire Missouri, Inc., 3.30%, 06/01/51 | &nbsp;&nbsp; 270 | 188493 |
| Spire, Inc., 4.70%, 08/15/44 | &nbsp;&nbsp; 275 | 240785 |
| Washington Gas Light Co. |  |  |
| 3.65%, 09/15/49 | &nbsp;&nbsp; 375 | 279464 |
| Series K, 3.80%, 09/15/46 | &nbsp;&nbsp; 306 | 244250 |
|  |  | 30709612 |
| **Hand & Machine Tools — 0.1%** | **Hand & Machine Tools — 0.1%** | **Hand & Machine Tools — 0.1%** |
| Snap-on, Inc. |  |  |
| 3.10%, 05/01/50<sup>(a)</sup> | &nbsp;&nbsp; 568 | 391826 |
| 4.10%, 03/01/48<sup>(a)</sup> | &nbsp;&nbsp; 413 | 342202 |
| Stanley Black & Decker, Inc. |  |  |
| 2.75%, 11/15/50 | &nbsp;&nbsp; 979 | 592174 |
| 4.85%, 11/15/48<sup>(a)</sup> | &nbsp;&nbsp; 467 | 414877 |
| 5.20%, 09/01/40 | &nbsp;&nbsp; 450 | 442592 |
|  |  | 2183671 |
| **Health Care - Products — 1.2%** | **Health Care - Products — 1.2%** | **Health Care - Products — 1.2%** |
| Abbott Laboratories |  |  |
| 4.75%, 11/30/36 | &nbsp;&nbsp; 1507 | 1521960 |
| 4.75%, 03/15/38 | &nbsp;&nbsp; 2750 | 2741834 |
| 4.75%, 04/15/43<sup>(a)</sup> | &nbsp;&nbsp; 511 | 487231 |
| 4.90%, 11/30/46 | &nbsp;&nbsp; 2948 | 2793988 |
| 5.30%, 05/27/40 | &nbsp;&nbsp; 653 | 680869 |
| 5.50%, 03/15/56 | &nbsp;&nbsp; 2750 | 2759454 |
| 5.60%, 03/15/66 | &nbsp;&nbsp; 2750 | 2751240 |
| 6.00%, 04/01/39 | &nbsp;&nbsp; 477 | 530554 |
| 6.15%, 11/30/37 | &nbsp;&nbsp; 457 | 514185 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| Alcon Finance Corp. |  |  |
| 3.80%, 09/23/49<sup>(b)</sup> | &nbsp;&nbsp; $351 | $273029 |
| 5.75%, 12/06/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 465 | 475460 |
| Baxter International, Inc. |  |  |
| 3.13%, 12/01/51<sup>(a)</sup> | &nbsp;&nbsp; 578 | 360218 |
| 3.50%, 08/15/46<sup>(a)</sup> | &nbsp;&nbsp; 254 | 179181 |
| 4.50%, 06/15/43<sup>(a)</sup> | &nbsp;&nbsp; 204 | 169178 |
| 6.25%, 12/01/37<sup>(a)</sup> | &nbsp;&nbsp; 420 | 442909 |
| Boston Scientific Corp. |  |  |
| 4.55%, 03/01/39 | &nbsp;&nbsp; 397 | 387105 |
| 4.70%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 506 | 466320 |
| 7.38%, 01/15/40<sup>(a)</sup> | &nbsp;&nbsp; 270 | 331576 |
| Covidien International Finance SA, 6.55%, <br> 10/15/37<sup>(a)</sup><br>| &nbsp;&nbsp; 170 | 195032 |
| Danaher Corp. |  |  |
| 2.60%, 10/01/50 | &nbsp;&nbsp; 865 | 536051 |
| 2.80%, 12/10/51 | &nbsp;&nbsp; 799 | 512748 |
| 4.38%, 09/15/45<sup>(a)</sup> | &nbsp;&nbsp; 417 | 368600 |
| DH Europe Finance II SARL |  |  |
| 3.25%, 11/15/39 | &nbsp;&nbsp; 938 | 777061 |
| 3.40%, 11/15/49 | &nbsp;&nbsp; 807 | 587892 |
| GE HealthCare Technologies, Inc., 6.38%, <br> 11/22/52<sup>(a)</sup><br>| &nbsp;&nbsp; 893 | 981025 |
| Koninklijke Philips NV |  |  |
| 5.00%, 03/15/42 | &nbsp;&nbsp; 404 | 383027 |
| 6.88%, 03/11/38 | &nbsp;&nbsp; 867 | 992375 |
| Medtronic, Inc. |  |  |
| 4.00%, 04/01/43<sup>(a)</sup> | &nbsp;&nbsp; 275 | 237555 |
| 4.63%, 03/15/45<sup>(a)</sup> | &nbsp;&nbsp; 1630 | 1512278 |
| Revvity, Inc., 3.63%, 03/15/51 | &nbsp;&nbsp; 269 | 197024 |
| Solventum Corp., 5.90%, 04/30/54<sup>(a)</sup> | &nbsp;&nbsp; 1135 | 1132819 |
| STERIS Irish FinCo UnLtd Co., 3.75%, 03/15/51 | &nbsp;&nbsp; 533 | 405553 |
| Stryker Corp. |  |  |
| 2.90%, 06/15/50 | &nbsp;&nbsp; 770 | 511911 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 372 | 321136 |
| 4.38%, 05/15/44<sup>(a)</sup> | &nbsp;&nbsp; 298 | 262808 |
| 4.63%, 03/15/46 | &nbsp;&nbsp; 887 | 803852 |
| Thermo Fisher Scientific, Inc. |  |  |
| 2.80%, 10/15/41 | &nbsp;&nbsp; 1187 | 893026 |
| 4.10%, 08/15/47<sup>(a)</sup> | &nbsp;&nbsp; 583 | 495320 |
| 4.89%, 10/07/37<sup>(a)</sup> | &nbsp;&nbsp; 625 | 630804 |
| 5.30%, 02/01/44 | &nbsp;&nbsp; 458 | 456884 |
| 5.40%, 08/10/43 | &nbsp;&nbsp; 694 | 709226 |
| 5.55%, 02/12/46 | &nbsp;&nbsp; 320 | 326259 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 4.45%, 08/15/45<sup>(a)</sup> | &nbsp;&nbsp; 284 | 255684 |
| 5.75%, 11/30/39<sup>(a)</sup> | &nbsp;&nbsp; 262 | 274301 |
|  |  | 32626542 |
| **Health Care - Services — 4.8%** | **Health Care - Services — 4.8%** | **Health Care - Services — 4.8%** |
| AdventHealth Obligated Group, Series E, 2.80%, <br> 11/15/51<br>| &nbsp;&nbsp; 222 | 142247 |
| Adventist Health System/West, 3.63%, 03/01/49 | &nbsp;&nbsp; 185 | 129620 |
| Advocate Health & Hospitals Corp. |  |  |
| 3.39%, 10/15/49 | &nbsp;&nbsp; 248 | 184035 |
| 4.27%, 08/15/48 | &nbsp;&nbsp; 228 | 196823 |
| Series 2020, 3.01%, 06/15/50 | &nbsp;&nbsp; 145 | 100059 |
| Aetna, Inc. |  |  |
| 3.88%, 08/15/47 | &nbsp;&nbsp; 355 | 269143 |
| 4.50%, 05/15/42 | &nbsp;&nbsp; 434 | 377127 |
| 4.75%, 03/15/44 | &nbsp;&nbsp; 427 | 376045 |
| 6.63%, 06/15/36 | &nbsp;&nbsp; 762 | 849831 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 6.75%, 12/15/37 | &nbsp;&nbsp; $460 | $512609 |
| AHS Hospital Corp. |  |  |
| 5.02%, 07/01/45<sup>(a)</sup> | &nbsp;&nbsp; 351 | 340637 |
| Series 2021, 2.78%, 07/01/51 | &nbsp;&nbsp; 229 | 146758 |
| Allina Health System |  |  |
| 2.90%, 11/15/51<sup>(a)</sup> | &nbsp;&nbsp; 192 | 126708 |
| 4.81%, 11/15/45 | &nbsp;&nbsp; 184 | 168688 |
| Series 2019, 3.89%, 04/15/49 | &nbsp;&nbsp; 196 | 153935 |
| Ascension Health |  |  |
| 3.95%, 11/15/46 | &nbsp;&nbsp; 994 | 829724 |
| 4.85%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 305 | 282280 |
| Series B, 3.11%, 11/15/39 | &nbsp;&nbsp; 434 | 354319 |
| Banner Health |  |  |
| 2.91%, 01/01/42 | &nbsp;&nbsp; 235 | 179259 |
| 2.91%, 01/01/51 | &nbsp;&nbsp; 250 | 164675 |
| Series 2020, 3.18%, 01/01/50<sup>(a)</sup> | &nbsp;&nbsp; 178 | 124882 |
| Baptist Health South Florida Obligated Group, <br> Series 2021, 3.12%, 11/15/71<br>| &nbsp;&nbsp; 10 | 6016 |
| Baptist Health South Florida, Inc., Series 2017, <br> 4.34%, 11/15/41<br>| &nbsp;&nbsp; 193 | 173793 |
| Baptist Healthcare System Obligated Group, <br> Series 20B, 3.54%, 08/15/50<br>| &nbsp;&nbsp; 235 | 175124 |
| BayCare Health System, Inc., Series 2020, 3.83%, <br> 11/15/50<br>| &nbsp;&nbsp; 311 | 246883 |
| Baylor Scott & White Holdings |  |  |
| 3.97%, 11/15/46 | &nbsp;&nbsp; 310 | 259456 |
| 4.19%, 11/15/45 | &nbsp;&nbsp; 308 | 268943 |
| Series 2021, 2.84%, 11/15/50 | &nbsp;&nbsp; 775 | 509488 |
| Beth Israel Lahey Health, Inc., Series L, 3.08%, <br> 07/01/51<sup>(a)</sup><br>| &nbsp;&nbsp; 195 | 132889 |
| Catholic Health Services of Long Island Obligated <br> Group, Series 2020, 3.37%, 07/01/50<br>| &nbsp;&nbsp; 192 | 135240 |
| Children's Health System of Texas, 2.51%, <br> 08/15/50<br>| &nbsp;&nbsp; 232 | 143340 |
| Children's Hospital Corp.(The) |  |  |
| Series 2017, 4.12%, 01/01/47 | &nbsp;&nbsp; 267 | 229409 |
| Series 2020, 2.59%, 02/01/50<sup>(a)</sup> | &nbsp;&nbsp; 201 | 127065 |
| Children's Hospital Medical Center/Cincinnati OH, <br> 4.27%, 05/15/44<br>| &nbsp;&nbsp; 226 | 202846 |
| Children's Hospital of Philadelphia (The), Series <br> 2020, 2.70%, 07/01/50<br>| &nbsp;&nbsp; 270 | 174713 |
| Children's Hospital/DC, Series 2020, 2.93%, <br> 07/15/50<sup>(a)</sup><br>| &nbsp;&nbsp; 79 | 52716 |
| Cigna Group(The) |  |  |
| 3.20%, 03/15/40 | &nbsp;&nbsp; 627 | 501109 |
| 3.40%, 03/15/50 | &nbsp;&nbsp; 1397 | 990119 |
| 3.40%, 03/15/51 | &nbsp;&nbsp; 1468 | 1033798 |
| 3.88%, 10/15/47 | &nbsp;&nbsp; 1202 | 935646 |
| 4.80%, 08/15/38 | &nbsp;&nbsp; 2427 | 2352790 |
| 4.80%, 07/15/46 | &nbsp;&nbsp; 1495 | 1341509 |
| 4.90%, 12/15/48 | &nbsp;&nbsp; 3127 | 2812862 |
| 5.38%, 02/15/42<sup>(a)</sup> | &nbsp;&nbsp; 246 | 245695 |
| 5.60%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1428 | 1398119 |
| 6.00%, 01/15/56 | &nbsp;&nbsp; 690 | 716569 |
| 6.13%, 11/15/41 | &nbsp;&nbsp; 409 | 437532 |
| City of Hope |  |  |
| Series 2013, 5.62%, 11/15/43 | &nbsp;&nbsp; 302 | 305795 |
| Series 2018, 4.38%, 08/15/48 | &nbsp;&nbsp; 180 | 152429 |
| Cleveland Clinic Foundation (The), 4.86%, <br> 01/01/2114<sup>(a)</sup><br>| &nbsp;&nbsp; 350 | 307052 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| CommonSpirit Health |  |  |
| 3.82%, 10/01/49 | &nbsp;&nbsp; $518 | $401268 |
| 3.91%, 10/01/50 | &nbsp;&nbsp; 497 | 381732 |
| 4.19%, 10/01/49 | &nbsp;&nbsp; 837 | 681111 |
| 4.35%, 11/01/42 | &nbsp;&nbsp; 664 | 592972 |
| 5.55%, 12/01/54 | &nbsp;&nbsp; 330 | 324240 |
| 5.58%, 09/01/45 | &nbsp;&nbsp; 90 | 90614 |
| 5.66%, 09/01/55 | &nbsp;&nbsp; 95 | 95292 |
| 6.46%, 11/01/52 | &nbsp;&nbsp; 215 | 237883 |
| Community Health Network, Inc., Series 20-A, <br> 3.10%, 05/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 139 | 92133 |
| Corewell Health Obligated Group, Series 19A, <br> 3.49%, 07/15/49<br>| &nbsp;&nbsp; 156 | 117324 |
| Cottage Health Obligated Group, Series 2020, <br> 3.30%, 11/01/49<br>| &nbsp;&nbsp; 314 | 227939 |
| Dartmouth-Hitchcock Health, Series B, 4.18%, <br> 08/01/48<br>| &nbsp;&nbsp; 184 | 149958 |
| Dignity Health |  |  |
| 4.50%, 11/01/42<sup>(a)</sup> | &nbsp;&nbsp; 231 | 206604 |
| 5.27%, 11/01/64<sup>(a)</sup> | &nbsp;&nbsp; 160 | 148275 |
| Duke University Health System, Inc., Series 2017, <br> 3.92%, 06/01/47<br>| &nbsp;&nbsp; 424 | 352267 |
| Elevance Health, Inc. |  |  |
| 3.13%, 05/15/50 | &nbsp;&nbsp; 1050 | 698972 |
| 3.60%, 03/15/51 | &nbsp;&nbsp; 1514 | 1090166 |
| 3.70%, 09/15/49<sup>(a)</sup> | &nbsp;&nbsp; 851 | 635346 |
| 4.38%, 12/01/47 | &nbsp;&nbsp; 1428 | 1194712 |
| 4.55%, 03/01/48 | &nbsp;&nbsp; 901 | 778723 |
| 4.55%, 05/15/52 | &nbsp;&nbsp; 976 | 816628 |
| 4.63%, 05/15/42 | &nbsp;&nbsp; 893 | 812616 |
| 4.65%, 01/15/43 | &nbsp;&nbsp; 836 | 755579 |
| 4.65%, 08/15/44 | &nbsp;&nbsp; 852 | 761268 |
| 4.85%, 08/15/54 | &nbsp;&nbsp; 398 | 338109 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 545 | 517545 |
| 5.13%, 02/15/53 | &nbsp;&nbsp; 1349 | 1227898 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 1230 | 1201033 |
| 5.70%, 02/15/55 | &nbsp;&nbsp; 1545 | 1519496 |
| 5.70%, 09/15/55<sup>(a)</sup> | &nbsp;&nbsp; 695 | 686745 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 655 | 648505 |
| 6.10%, 10/15/52 | &nbsp;&nbsp; 894 | 927579 |
| 6.38%, 06/15/37<sup>(a)</sup> | &nbsp;&nbsp; 285 | 315479 |
| Franciscan Missionaries of Our Lady Health <br> System, Inc., Series B, 3.91%, 07/01/49<sup>(a)</sup><br>| &nbsp;&nbsp; 155 | 121410 |
| Fred Hutchinson Cancer Center, 4.97%, 01/01/52 | &nbsp;&nbsp; 120 | 112119 |
| Hackensack Meridian Health, Inc. |  |  |
| 4.21%, 07/01/48 | &nbsp;&nbsp; 250 | 214869 |
| 4.50%, 07/01/57<sup>(a)</sup> | &nbsp;&nbsp; 285 | 250578 |
| Series 2020, 2.68%, 09/01/41 | &nbsp;&nbsp; 395 | 294192 |
| Series 2020, 2.88%, 09/01/50 | &nbsp;&nbsp; 344 | 229465 |
| Hartford HealthCare Corp., 3.45%, 07/01/54<sup>(a)</sup> | &nbsp;&nbsp; 80 | 58970 |
| HCA, Inc. |  |  |
| 3.50%, 07/15/51 | &nbsp;&nbsp; 1733 | 1196265 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 574 | 498423 |
| 4.63%, 03/15/52 | &nbsp;&nbsp; 2290 | 1896682 |
| 5.13%, 06/15/39 | &nbsp;&nbsp; 1206 | 1176213 |
| 5.25%, 06/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1959 | 1795967 |
| 5.50%, 06/15/47 | &nbsp;&nbsp; 1477 | 1408124 |
| 5.70%, 11/15/55 | &nbsp;&nbsp; 1125 | 1083114 |
| 5.90%, 06/01/53 | &nbsp;&nbsp; 1440 | 1417996 |
| 5.95%, 09/15/54 | &nbsp;&nbsp; 1200 | 1194366 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 1675 | 1676291 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 6.10%, 04/01/64 | &nbsp;&nbsp; $930 | $931045 |
| 6.20%, 03/01/55 | &nbsp;&nbsp; 1650 | 1694898 |
| Health Care Service Corp. A Mutual Legal <br> Reserve Co.<br>|  |  |
| 3.20%, 06/01/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 884 | 571027 |
| 5.88%, 06/15/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 825 | 804863 |
| Hoag Memorial Hospital Presbyterian, 3.80%, <br> 07/15/52<br>| &nbsp;&nbsp; 277 | 218591 |
| Humana, Inc. |  |  |
| 3.95%, 08/15/49 | &nbsp;&nbsp; 674 | 492569 |
| 4.63%, 12/01/42<sup>(a)</sup> | &nbsp;&nbsp; 380 | 327123 |
| 4.80%, 03/15/47 | &nbsp;&nbsp; 493 | 413237 |
| 4.95%, 10/01/44 | &nbsp;&nbsp; 805 | 701232 |
| 5.50%, 03/15/53<sup>(a)</sup> | &nbsp;&nbsp; 635 | 572598 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 920 | 859455 |
| 6.00%, 05/01/55<sup>(a)</sup> | &nbsp;&nbsp; 455 | 438378 |
| 8.15%, 06/15/38 | &nbsp;&nbsp; 261 | 319934 |
| Indiana University Health, Inc. Obligated Group |  |  |
| 3.97%, 11/01/48 | &nbsp;&nbsp; 239 | 197883 |
| Series 2021, 2.85%, 11/01/51 | &nbsp;&nbsp; 185 | 119863 |
| Inova Health System Foundation, 4.07%, <br> 05/15/52<sup>(a)</sup><br>| &nbsp;&nbsp; 300 | 240645 |
| Integris Baptist Medical Center, Inc., Series A, <br> 3.88%, 08/15/50<br>| &nbsp;&nbsp; 240 | 182205 |
| Iowa Health System, Series 2020, 3.67%, <br> 02/15/50<br>| &nbsp;&nbsp; 189 | 143580 |
| Johns Hopkins Health System Corp. (The), 3.84%, <br> 05/15/46<sup>(a)</sup><br>| &nbsp;&nbsp; 531 | 436904 |
| Kaiser Foundation Hospitals |  |  |
| 4.15%, 05/01/47 | &nbsp;&nbsp; 1361 | 1163288 |
| 4.88%, 04/01/42 | &nbsp;&nbsp; 549 | 537450 |
| Series 2019, 3.27%, 11/01/49 | &nbsp;&nbsp; 803 | 581646 |
| Series 2021, 2.81%, 06/01/41 | &nbsp;&nbsp; 1187 | 901285 |
| Series 2021, 3.00%, 06/01/51 | &nbsp;&nbsp; 1238 | 837984 |
| Laboratory Corp. of America Holdings, 4.70%, <br> 02/01/45<sup>(a)</sup><br>| &nbsp;&nbsp; 809 | 736844 |
| Mass General Brigham, Inc. |  |  |
| Series 2017, 3.77%, 07/01/48 | &nbsp;&nbsp; 142 | 113152 |
| Series 2020, 3.19%, 07/01/49 | &nbsp;&nbsp; 89 | 63917 |
| Series 2020, 3.34%, 07/01/60 | &nbsp;&nbsp; 399 | 271698 |
| Mayo Clinic |  |  |
| 3.77%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 200 | 165925 |
| Series 2013, 4.00%, 11/15/47 | &nbsp;&nbsp; 150 | 124464 |
| Series 2016, 4.13%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp; 253 | 213334 |
| Series 2021, 3.20%, 11/15/61 | &nbsp;&nbsp; 521 | 345868 |
| McLaren Health Care Corp., Series A, 4.39%, <br> 05/15/48<br>| &nbsp;&nbsp; 246 | 213068 |
| MedStar Health, Inc., Series 20A, 3.63%, <br> 08/15/49<sup>(a)</sup><br>| &nbsp;&nbsp; 80 | 59639 |
| Memorial Health Services, 3.45%, 11/01/49 | &nbsp;&nbsp; 199 | 149016 |
| Memorial Sloan-Kettering Cancer Center |  |  |
| 4.13%, 07/01/52 | &nbsp;&nbsp; 155 | 128670 |
| 5.00%, 07/01/42 | &nbsp;&nbsp; 361 | 355083 |
| Series 2015, 4.20%, 07/01/55<sup>(a)</sup> | &nbsp;&nbsp; 470 | 394642 |
| Series 2020, 2.96%, 01/01/50<sup>(a)</sup> | &nbsp;&nbsp; 50 | 34003 |
| Methodist Hospital (The), Series 20A, 2.71%, <br> 12/01/50<br>| &nbsp;&nbsp; 311 | 198434 |
| Montefiore Obligated Group |  |  |
| 4.29%, 09/01/50<sup>(a)</sup> | &nbsp;&nbsp; 135 | 98441 |
| Series 18-C, 5.25%, 11/01/48 | &nbsp;&nbsp; 162 | 136974 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Mount Nittany Medical Center Obligated Group, <br> 3.80%, 11/15/52<sup>(a)</sup><br>| &nbsp;&nbsp; $199 | $152287 |
| MyMichigan Health, Series 2020, 3.41%, 06/01/50 | &nbsp;&nbsp; 195 | 140534 |
| Nationwide Children's Hospital, Inc., 4.56%, <br> 11/01/52<br>| &nbsp;&nbsp; 207 | 184344 |
| New York and Presbyterian Hospital(The) |  |  |
| 2.26%, 08/01/40 | &nbsp;&nbsp; 185 | 133806 |
| 2.61%, 08/01/60<sup>(a)</sup> | &nbsp;&nbsp; 155 | 90251 |
| 3.56%, 08/01/36 | &nbsp;&nbsp; 175 | 158582 |
| 4.02%, 08/01/45 | &nbsp;&nbsp; 310 | 264025 |
| 4.06%, 08/01/56<sup>(a)</sup> | &nbsp;&nbsp; 198 | 161112 |
| 4.76%, 08/01/2116<sup>(a)</sup> | &nbsp;&nbsp; 180 | 151678 |
| Series 2019, 3.95%, 08/01/2119 | &nbsp;&nbsp; 250 | 179334 |
| Northwell Healthcare, Inc. |  |  |
| 3.81%, 11/01/49 | &nbsp;&nbsp; 543 | 421088 |
| 3.98%, 11/01/46<sup>(a)</sup> | &nbsp;&nbsp; 370 | 302923 |
| 4.26%, 11/01/47 | &nbsp;&nbsp; 694 | 587153 |
| 6.15%, 11/01/43 | &nbsp;&nbsp; 185 | 191705 |
| Northwestern Memorial Healthcare Obligated <br> Group, Series 2021, 2.63%, 07/15/51<sup>(a)</sup><br>| &nbsp;&nbsp; 224 | 142500 |
| Novant Health, Inc. |  |  |
| 2.64%, 11/01/36 | &nbsp;&nbsp; 316 | 259518 |
| 3.17%, 11/01/51 | &nbsp;&nbsp; 527 | 361278 |
| 3.32%, 11/01/61<sup>(a)</sup> | &nbsp;&nbsp; 507 | 336564 |
| 4.37%, 11/01/43 | &nbsp;&nbsp; 190 | 168786 |
| NY Society for Relief of Ruptured & Crippled <br> Maintaining Hosp Special Surgery, Series 2020, <br> 2.67%, 10/01/50<br>| &nbsp;&nbsp; 54 | 34220 |
| NYU Langone Hospitals |  |  |
| 5.75%, 07/01/43 | &nbsp;&nbsp; 80 | 84038 |
| Series 2020, 3.38%, 07/01/55<sup>(a)</sup> | &nbsp;&nbsp; 430 | 306034 |
| Ochsner Clinic Foundation, 5.90%, 05/15/45 | &nbsp;&nbsp; 190 | 190176 |
| OhioHealth Corp. |  |  |
| 2.83%, 11/15/41 | &nbsp;&nbsp; 185 | 141773 |
| Series 2020, 3.04%, 11/15/50 | &nbsp;&nbsp; 192 | 134659 |
| Orlando Health Obligated Group |  |  |
| 3.33%, 10/01/50 | &nbsp;&nbsp; 195 | 145743 |
| 4.09%, 10/01/48 | &nbsp;&nbsp; 235 | 197291 |
| PeaceHealth Obligated Group |  |  |
| Series 2018, 4.79%, 11/15/48<sup>(a)</sup> | &nbsp;&nbsp; 266 | 239362 |
| Series 2020, 3.22%, 11/15/50 | &nbsp;&nbsp; 295 | 201982 |
| Piedmont Healthcare, Inc. |  |  |
| 2.86%, 01/01/52<sup>(a)</sup> | &nbsp;&nbsp; 216 | 139051 |
| Series 2042, 2.72%, 01/01/42<sup>(a)</sup> | &nbsp;&nbsp; 217 | 158443 |
| Presbyterian Healthcare Services, 4.88%, <br> 08/01/52<br>| &nbsp;&nbsp; 192 | 175429 |
| Providence St. Joseph Health Obligated Group |  |  |
| Series 21A, 2.70%, 10/01/51 | &nbsp;&nbsp; 602 | 368857 |
| Series A, 3.93%, 10/01/48 | &nbsp;&nbsp; 134 | 106731 |
| Series I, 3.74%, 10/01/47<sup>(a)</sup> | &nbsp;&nbsp; 365 | 285557 |
| Queen's Health Systems (The), 4.81%, 07/01/52 | &nbsp;&nbsp; 195 | 178900 |
| Quest Diagnostics, Inc., 4.70%, 03/30/45<sup>(a)</sup> | &nbsp;&nbsp; 238 | 219301 |
| Rady Children's Hospital-San Diego, Series 21A, <br> 3.15%, 08/15/51<br>| &nbsp;&nbsp; 180 | 125884 |
| Roche Holdings, Inc. |  |  |
| 2.61%, 12/13/51<sup>(b)</sup> | &nbsp;&nbsp; 1961 | 1231131 |
| 4.00%, 11/28/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 563 | 490281 |
| 5.22%, 03/08/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 1495 | 1485105 |
| 7.00%, 03/01/39<sup>(b)</sup> | &nbsp;&nbsp; 1240 | 1501366 |
| Seattle Children's Hospital, Series 2021, 2.72%, <br> 10/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 190 | 121691 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Sentara Health, 2.93%, 11/01/51 | &nbsp;&nbsp; $190 | $126470 |
| Sharp HealthCare, Series 20B, 2.68%, 08/01/50<sup>(a)</sup> | &nbsp;&nbsp; 191 | 122146 |
| Southern Baptist Hospital of Florida, Inc., 4.86%, <br> 07/15/45<br>| &nbsp;&nbsp; 190 | 174985 |
| Stanford Health Care |  |  |
| 3.03%, 08/15/51 | &nbsp;&nbsp; 227 | 154940 |
| Series 2018, 3.80%, 11/15/48 | &nbsp;&nbsp; 344 | 275725 |
| Summa Health, 3.51%, 11/15/51 | &nbsp;&nbsp; 208 | 159262 |
| Sutter Health |  |  |
| 5.55%, 08/15/53<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10250 |
| Series 2018, 4.09%, 08/15/48 | &nbsp;&nbsp; 198 | 163544 |
| Series 20A, 3.16%, 08/15/40 | &nbsp;&nbsp; 145 | 116625 |
| Series 20A, 3.36%, 08/15/50<sup>(a)</sup> | &nbsp;&nbsp; 390 | 282895 |
| Texas Health Resources |  |  |
| 2.33%, 11/15/50 | &nbsp;&nbsp; 175 | 103096 |
| 4.33%, 11/15/55<sup>(a)</sup> | &nbsp;&nbsp; 160 | 134515 |
| Toledo Hospital (The), 5.75%, 11/15/38<sup>(a)</sup> | &nbsp;&nbsp; 170 | 172550 |
| Trinity Health Corp. |  |  |
| 4.13%, 12/01/45 | &nbsp;&nbsp; 318 | 272740 |
| Series 2019, 3.43%, 12/01/48<sup>(a)</sup> | &nbsp;&nbsp; 223 | 171849 |
| Series 2021, 2.63%, 12/01/40<sup>(a)</sup> | &nbsp;&nbsp; 311 | 232263 |
| UMass Memorial Health Care Obligated Group, <br> 5.36%, 07/01/52<br>| &nbsp;&nbsp; 110 | 105761 |
| UnitedHealth Group, Inc. |  |  |
| 2.75%, 05/15/40 | &nbsp;&nbsp; 1270 | 958360 |
| 2.90%, 05/15/50 | &nbsp;&nbsp; 1496 | 968437 |
| 3.05%, 05/15/41 | &nbsp;&nbsp; 2067 | 1586476 |
| 3.13%, 05/15/60 | &nbsp;&nbsp; 710 | 438924 |
| 3.25%, 05/15/51 | &nbsp;&nbsp; 2054 | 1406568 |
| 3.50%, 08/15/39 | &nbsp;&nbsp; 1602 | 1344736 |
| 3.70%, 08/15/49 | &nbsp;&nbsp; 1440 | 1078839 |
| 3.75%, 10/15/47 | &nbsp;&nbsp; 911 | 700038 |
| 3.88%, 08/15/59 | &nbsp;&nbsp; 1170 | 849356 |
| 3.95%, 10/15/42 | &nbsp;&nbsp; 1100 | 921596 |
| 4.20%, 01/15/47 | &nbsp;&nbsp; 375 | 309881 |
| 4.25%, 03/15/43 | &nbsp;&nbsp; 964 | 834222 |
| 4.25%, 04/15/47 | &nbsp;&nbsp; 858 | 713625 |
| 4.25%, 06/15/48 | &nbsp;&nbsp; 1431 | 1181973 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 826 | 735771 |
| 4.45%, 12/15/48 | &nbsp;&nbsp; 1188 | 1007943 |
| 4.63%, 11/15/41 | &nbsp;&nbsp; 1008 | 928496 |
| 4.75%, 07/15/45 | &nbsp;&nbsp; 2287 | 2073702 |
| 4.75%, 05/15/52 | &nbsp;&nbsp; 1990 | 1733066 |
| 4.95%, 05/15/62 | &nbsp;&nbsp; 950 | 829008 |
| 5.05%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 2007 | 1824504 |
| 5.20%, 04/15/63 | &nbsp;&nbsp; 1732 | 1565018 |
| 5.38%, 04/15/54 | &nbsp;&nbsp; 1570 | 1491199 |
| 5.50%, 07/15/44 | &nbsp;&nbsp; 1750 | 1743080 |
| 5.50%, 04/15/64 | &nbsp;&nbsp; 1095 | 1039485 |
| 5.63%, 07/15/54 | &nbsp;&nbsp; 2750 | 2713147 |
| 5.70%, 10/15/40 | &nbsp;&nbsp; 409 | 428060 |
| 5.75%, 07/15/64 | &nbsp;&nbsp; 1820 | 1792858 |
| 5.80%, 03/15/36 | &nbsp;&nbsp; 1010 | 1083988 |
| 5.88%, 02/15/53 | &nbsp;&nbsp; 2000 | 2034000 |
| 5.95%, 02/15/41 | &nbsp;&nbsp; 540 | 572693 |
| 5.95%, 06/15/55<sup>(a)</sup> | &nbsp;&nbsp; 785 | 812948 |
| 6.05%, 02/15/63 | &nbsp;&nbsp; 1456 | 1499157 |
| 6.50%, 06/15/37 | &nbsp;&nbsp; 915 | 1028072 |
| 6.63%, 11/15/37 | &nbsp;&nbsp; 885 | 1006637 |
| 6.88%, 02/15/38 | &nbsp;&nbsp; 1355 | 1571936 |
| UPMC, 5.38%, 05/15/43 | &nbsp;&nbsp; 237 | 237090 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| WakeMed, Series A, 3.29%, 10/01/52<sup>(a)</sup> | &nbsp;&nbsp; $90 | $64080 |
| West Virginia United Health System Obligated <br> Group, Series 2020, 3.13%, 06/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 190 | 126111 |
| Willis-Knighton Medical Center |  |  |
| Series 2018, 4.81%, 09/01/48 | &nbsp;&nbsp; 174 | 156635 |
| Series 2021, 3.07%, 03/01/51<sup>(a)</sup> | &nbsp;&nbsp; 238 | 155516 |
| Yale-New Haven Health Services Corp., Series <br> 2020, 2.50%, 07/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 120 | 72974 |
|  |  | 132570553 |
| **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** |
| CK Hutchison International 19 II Ltd., 3.38%, <br> 09/06/49<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1417 | 1063252 |
| JAB Holdings BV |  |  |
| 3.75%, 05/28/51<sup>(b)</sup> | &nbsp;&nbsp; 440 | 308118 |
| 4.50%, 04/08/52<sup>(b)</sup> | &nbsp;&nbsp; 410 | 324320 |
|  |  | 1695690 |
| **Home Builders — 0.0%** | **Home Builders — 0.0%** | **Home Builders — 0.0%** |
| Sekisui House U.S., Inc. |  |  |
| 3.97%, 08/06/61<sup>(a)</sup> | &nbsp;&nbsp; 192 | 129217 |
| 6.00%, 01/15/43 | &nbsp;&nbsp; 411 | 392417 |
|  |  | 521634 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Leggett & Platt, Inc., 3.50%, 11/15/51 | &nbsp;&nbsp; 253 | 165073 |
| **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** |
| Church & Dwight Co., Inc. |  |  |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 246 | 200940 |
| 5.00%, 06/15/52<sup>(a)</sup> | &nbsp;&nbsp; 325 | 303579 |
| Kimberly-Clark Corp. |  |  |
| 2.88%, 02/07/50 | &nbsp;&nbsp; 485 | 332644 |
| 3.20%, 07/30/46 | &nbsp;&nbsp; 368 | 270409 |
| 3.70%, 06/01/43 | &nbsp;&nbsp; 140 | 112745 |
| 3.90%, 05/04/47 | &nbsp;&nbsp; 297 | 241800 |
| 5.30%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 457 | 476455 |
| 6.63%, 08/01/37 | &nbsp;&nbsp; 830 | 965713 |
| SC Johnson & Son, Inc. |  |  |
| 4.00%, 05/15/43<sup>(b)</sup> | &nbsp;&nbsp; 315 | 262345 |
| 4.35%, 09/30/44<sup>(b)</sup> | &nbsp;&nbsp; 260 | 218603 |
| 4.75%, 10/15/46<sup>(a)(b)</sup> | &nbsp;&nbsp; 640 | 580838 |
| 4.80%, 09/01/40<sup>(b)</sup> | &nbsp;&nbsp; 708 | 681359 |
|  |  | 4647430 |
| **Insurance — 4.9%** | **Insurance — 4.9%** | **Insurance — 4.9%** |
| 200 Park Funding Trust, 5.74%, 02/15/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 940 | 930237 |
| Aflac, Inc. |  |  |
| 4.00%, 10/15/46 | &nbsp;&nbsp; 596 | 482911 |
| 4.75%, 01/15/49<sup>(a)</sup> | &nbsp;&nbsp; 539 | 480019 |
| 6.45%, 08/15/40<sup>(a)</sup> | &nbsp;&nbsp; 169 | 189454 |
| AIA Group Ltd. |  |  |
| 3.20%, 09/16/40<sup>(b)</sup> | &nbsp;&nbsp; 1540 | 1243176 |
| 4.50%, 03/16/46<sup>(a)(b)</sup> | &nbsp;&nbsp; 880 | 818009 |
| 4.88%, 03/11/44<sup>(b)</sup> | &nbsp;&nbsp; 397 | 386349 |
| 5.40%, 09/30/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 530 | 522244 |
| Alleghany Corp. |  |  |
| 3.25%, 08/15/51 | &nbsp;&nbsp; 225 | 153886 |
| 4.90%, 09/15/44 | &nbsp;&nbsp; 306 | 284334 |
| Allstate Corp.(The) |  |  |
| 3.85%, 08/10/49 | &nbsp;&nbsp; 591 | 453860 |
| 4.20%, 12/15/46 | &nbsp;&nbsp; 792 | 655054 |
| 4.50%, 06/15/43<sup>(a)</sup> | &nbsp;&nbsp; 370 | 326691 |
| 5.95%, 04/01/36 | &nbsp;&nbsp; 390 | 421934 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 6.50%, 05/15/67, (3-mo. SOFR US + 2.38%)<sup>(d)</sup> | &nbsp;&nbsp; $519 | $545686 |
| American Financial Group, Inc./OH, 4.50%, <br> 06/15/47<br>| &nbsp;&nbsp; 555 | 472115 |
| American International Group, Inc. |  |  |
| 4.38%, 06/30/50<sup>(a)</sup> | &nbsp;&nbsp; 1144 | 957003 |
| 4.50%, 07/16/44 | &nbsp;&nbsp; 787 | 696259 |
| 4.75%, 04/01/48 | &nbsp;&nbsp; 1035 | 929289 |
| 4.80%, 07/10/45 | &nbsp;&nbsp; 275 | 250844 |
| 6.25%, 05/01/36 | &nbsp;&nbsp; 165 | 179303 |
| AmFam Holdings, Inc., 3.83%, 03/11/51<sup>(b)</sup> | &nbsp;&nbsp; 302 | 212804 |
| Aon Corp., 6.25%, 09/30/40 | &nbsp;&nbsp; 372 | 409810 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 2.90%, 08/23/51 | &nbsp;&nbsp; 468 | 291145 |
| 3.90%, 02/28/52 | &nbsp;&nbsp; 801 | 600184 |
| Aon Global Ltd. |  |  |
| 4.25%, 12/12/42<sup>(a)</sup> | &nbsp;&nbsp; 286 | 244791 |
| 4.45%, 05/24/43 | &nbsp;&nbsp; 260 | 227469 |
| 4.60%, 06/14/44 | &nbsp;&nbsp; 615 | 540118 |
| 4.75%, 05/15/45 | &nbsp;&nbsp; 503 | 446311 |
| Aon North America, Inc., 5.75%, 03/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1955 | 1935061 |
| Arch Capital Finance LLC, 5.03%, 12/15/46 | &nbsp;&nbsp; 440 | 414531 |
| Arch Capital Group Ltd., 3.64%, 06/30/50 | &nbsp;&nbsp; 911 | 679048 |
| Arch Capital Group U.S., Inc., 5.14%, 11/01/43 | &nbsp;&nbsp; 444 | 426623 |
| Arthur J Gallagher & Co. |  |  |
| 3.05%, 03/09/52<sup>(a)</sup> | &nbsp;&nbsp; 537 | 341601 |
| 3.50%, 05/20/51 | &nbsp;&nbsp; 1000 | 694723 |
| 5.55%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1565 | 1497383 |
| 5.75%, 03/02/53 | &nbsp;&nbsp; 708 | 688363 |
| 5.75%, 07/15/54 | &nbsp;&nbsp; 607 | 596052 |
| 6.75%, 02/15/54 | &nbsp;&nbsp; 687 | 751465 |
| Assured Guaranty Municipal Holdings, Inc., 6.40%, <br> 12/15/66, (3-mo. CME Term SOFR US + <br> 2.48%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 190 | 179948 |
| Assured Guaranty U.S. Holdings, Inc., 3.60%, <br> 09/15/51<br>| &nbsp;&nbsp; 165 | 116779 |
| Athene Holding Ltd. |  |  |
| 3.45%, 05/15/52<sup>(a)</sup> | &nbsp;&nbsp; 630 | 389461 |
| 3.95%, 05/25/51 | &nbsp;&nbsp; 698 | 477908 |
| 6.25%, 04/01/54<sup>(a)</sup> | &nbsp;&nbsp; 735 | 685716 |
| 6.63%, 05/19/55 | &nbsp;&nbsp; 635 | 621355 |
| Augustar Life Insurance Co., 6.88%, 06/15/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 210 | 206306 |
| AXA SA, 6.38%, (1-day SOFR Index + <br> 2.52%)<sup>(b)(d)(e)</sup><br>| &nbsp;&nbsp; 250 | 287304 |
| Axis Specialty Finance PLC, 5.15%, 04/01/45<sup>(a)</sup> | &nbsp;&nbsp; 164 | 153002 |
| Beacon Funding Trust, 6.27%, 08/15/54<sup>(b)</sup> | &nbsp;&nbsp; 1025 | 1043376 |
| Belrose Funding Trust II, 6.79%, 05/15/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 740 | 754017 |
| Berkshire Hathaway Finance Corp. |  |  |
| 2.50%, 01/15/51<sup>(a)</sup> | &nbsp;&nbsp; 951 | 573821 |
| 2.85%, 10/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1430 | 925955 |
| 3.85%, 03/15/52 | &nbsp;&nbsp; 2510 | 1950716 |
| 4.20%, 08/15/48 | &nbsp;&nbsp; 2946 | 2482986 |
| 4.25%, 01/15/49 | &nbsp;&nbsp; 2555 | 2161435 |
| 4.30%, 05/15/43<sup>(a)</sup> | &nbsp;&nbsp; 276 | 250180 |
| 4.40%, 05/15/42<sup>(a)</sup> | &nbsp;&nbsp; 828 | 764944 |
| 5.75%, 01/15/40<sup>(a)</sup> | &nbsp;&nbsp; 814 | 893718 |
| Berkshire Hathaway, Inc., 4.50%, 02/11/43<sup>(a)</sup> | &nbsp;&nbsp; 924 | 869320 |
| Brighthouse Financial, Inc. |  |  |
| 3.85%, 12/22/51 | &nbsp;&nbsp; 273 | 158860 |
| 4.70%, 06/22/47<sup>(a)</sup> | &nbsp;&nbsp; 921 | 644314 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Brown & Brown, Inc. |  |  |
| 4.95%, 03/17/52<sup>(a)</sup> | &nbsp;&nbsp; $510 | $437946 |
| 6.25%, 06/23/55<sup>(a)</sup> | &nbsp;&nbsp; 905 | 924241 |
| Chubb INA Holdings LLC |  |  |
| 2.85%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 323 | 209626 |
| 3.05%, 12/15/61 | &nbsp;&nbsp; 739 | 462941 |
| 4.15%, 03/13/43 | &nbsp;&nbsp; 479 | 420042 |
| 4.35%, 11/03/45 | &nbsp;&nbsp; 1465 | 1291521 |
| 6.00%, 05/11/37 | &nbsp;&nbsp; 635 | 696358 |
| 6.70%, 05/15/36<sup>(a)</sup> | &nbsp;&nbsp; 311 | 358434 |
| Series 1, 6.50%, 05/15/38 | &nbsp;&nbsp; 768 | 878632 |
| Corebridge Financial, Inc. |  |  |
| 4.35%, 04/05/42 | &nbsp;&nbsp; 695 | 591982 |
| 4.40%, 04/05/52<sup>(a)</sup> | &nbsp;&nbsp; 988 | 786552 |
| Empower Finance 2020 LP, 3.08%, 09/17/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 452 | 302045 |
| Equitable Holdings, Inc., 5.00%, 04/20/48 | &nbsp;&nbsp; 1415 | 1254982 |
| Everest Reinsurance Holdings, Inc. |  |  |
| 3.13%, 10/15/52 | &nbsp;&nbsp; 708 | 452273 |
| 3.50%, 10/15/50 | &nbsp;&nbsp; 1276 | 892253 |
| 4.87%, 06/01/44 | &nbsp;&nbsp; 400 | 355203 |
| Fairfax Financial Holdings Ltd. |  |  |
| 6.10%, 03/15/55 | &nbsp;&nbsp; 510 | 510733 |
| 6.35%, 03/22/54<sup>(a)</sup> | &nbsp;&nbsp; 895 | 927912 |
| Farmers Insurance Exchange, 4.75%, <br> 11/01/57<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 232 | 197684 |
| Fidelity National Financial, Inc., 3.20%, 09/17/51 | &nbsp;&nbsp; 245 | 153093 |
| Five Corners Funding Trust IV, 6.00%, <br> 02/15/53<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 546 | 562764 |
| Global Atlantic Fin Co., 6.75%, 03/15/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 407 | 382719 |
| Great-West Lifeco Finance 2018 LP, 4.58%, <br> 05/17/48<sup>(b)</sup><br>| &nbsp;&nbsp; 448 | 395316 |
| Great-West Lifeco Finance Delaware LP, 4.15%, <br> 06/03/47<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 681 | 567444 |
| Guardian Life Insurance Co. of America(The) |  |  |
| 3.70%, 01/22/70<sup>(a)(b)</sup> | &nbsp;&nbsp; 194 | 132474 |
| 4.85%, 01/24/77<sup>(b)</sup> | &nbsp;&nbsp; 438 | 368482 |
| 4.88%, 06/19/64<sup>(b)</sup> | &nbsp;&nbsp; 300 | 263514 |
| Hanover Insurance Group, Inc.(The) |  |  |
| 2.90%, 09/15/51 | &nbsp;&nbsp; 365 | 235605 |
| 3.60%, 08/19/49 | &nbsp;&nbsp; 908 | 676758 |
| 4.30%, 04/15/43 | &nbsp;&nbsp; 469 | 414952 |
| 4.40%, 03/15/48 | &nbsp;&nbsp; 600 | 514047 |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 280 | 303074 |
| 6.10%, 10/01/41 | &nbsp;&nbsp; 273 | 297597 |
| 6.63%, 03/30/40 | &nbsp;&nbsp; 272 | 307798 |
| Henneman Trust, 6.58%, 05/15/55<sup>(b)</sup> | &nbsp;&nbsp; 300 | 310421 |
| High Street Funding Trust III, 5.81%, 02/15/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 345 | 336279 |
| Jackson Financial, Inc., 4.00%, 11/23/51 | &nbsp;&nbsp; 237 | 160253 |
| Liberty Mutual Group, Inc. |  |  |
| 3.95%, 10/15/50<sup>(b)</sup> | &nbsp;&nbsp; 1770 | 1324429 |
| 3.95%, 05/15/60<sup>(b)</sup> | &nbsp;&nbsp; 448 | 317621 |
| 4.85%, 08/01/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 255 | 228315 |
| 5.50%, 06/15/52<sup>(b)</sup> | &nbsp;&nbsp; 1023 | 962954 |
| 6.50%, 05/01/42<sup>(b)</sup> | &nbsp;&nbsp; 422 | 434337 |
| Liberty Mutual Insurance Co., 7.70%, 10/15/97<sup>(a)(b)</sup> | &nbsp;&nbsp; 220 | 250367 |
| Lincoln National Corp. |  |  |
| 4.35%, 03/01/48 | &nbsp;&nbsp; 305 | 241143 |
| 6.30%, 10/09/37<sup>(a)</sup> | &nbsp;&nbsp; 476 | 497796 |
| 7.00%, 06/15/40 | &nbsp;&nbsp; 468 | 498404 |
| Loews Corp., 4.13%, 05/15/43 | &nbsp;&nbsp; 445 | 383738 |
| Manulife Financial Corp., 5.38%, 03/04/46 | &nbsp;&nbsp; 764 | 760531 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Maple Grove Funding Trust I, 4.16%, 08/15/51<sup>(a)(b)</sup> | &nbsp;&nbsp; $468 | $345720 |
| Markel Group, Inc. |  |  |
| 3.45%, 05/07/52 | &nbsp;&nbsp; 531 | 365492 |
| 4.15%, 09/17/50 | &nbsp;&nbsp; 470 | 369200 |
| 4.30%, 11/01/47 | &nbsp;&nbsp; 483 | 395642 |
| 5.00%, 03/30/43<sup>(a)</sup> | &nbsp;&nbsp; 165 | 153431 |
| 5.00%, 04/05/46 | &nbsp;&nbsp; 506 | 463543 |
| 5.00%, 05/20/49 | &nbsp;&nbsp; 663 | 597157 |
| 6.00%, 05/16/54 | &nbsp;&nbsp; 490 | 498914 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.90%, 12/15/51<sup>(a)</sup> | &nbsp;&nbsp; 343 | 218044 |
| 4.20%, 03/01/48 | &nbsp;&nbsp; 654 | 535934 |
| 4.35%, 01/30/47 | &nbsp;&nbsp; 634 | 535011 |
| 4.75%, 03/15/39 | &nbsp;&nbsp; 1415 | 1371412 |
| 4.90%, 03/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1311 | 1190189 |
| 5.35%, 11/15/44 | &nbsp;&nbsp; 510 | 495187 |
| 5.40%, 03/15/55 | &nbsp;&nbsp; 1345 | 1288813 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 792 | 762186 |
| 5.45%, 03/15/54 | &nbsp;&nbsp; 544 | 526252 |
| 5.70%, 09/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1134 | 1133446 |
| 6.25%, 11/01/52 | &nbsp;&nbsp; 825 | 883767 |
| Massachusetts Mutual Life Insurance Co. |  |  |
| 3.20%, 12/01/61<sup>(b)</sup> | &nbsp;&nbsp; 535 | 328956 |
| 3.38%, 04/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 489 | 338596 |
| 3.73%, 10/15/70<sup>(b)</sup> | &nbsp;&nbsp; 838 | 547213 |
| 4.50%, 04/15/65<sup>(b)</sup> | &nbsp;&nbsp; 156 | 122183 |
| 4.90%, 04/01/77<sup>(b)</sup> | &nbsp;&nbsp; 318 | 263075 |
| 5.08%, 02/15/69<sup>(a)(b)(d)</sup> | &nbsp;&nbsp; 1085 | 989509 |
| 5.38%, 12/01/41<sup>(b)</sup> | &nbsp;&nbsp; 216 | 204755 |
| 5.67%, 12/01/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 331 | 327068 |
| MetLife Capital Trust IV, 7.88%, 12/15/67<sup>(b)</sup> | &nbsp;&nbsp; 625 | 694960 |
| MetLife, Inc. |  |  |
| 4.05%, 03/01/45 | &nbsp;&nbsp; 1340 | 1107731 |
| 4.13%, 08/13/42 | &nbsp;&nbsp; 1127 | 957584 |
| 4.60%, 05/13/46 | &nbsp;&nbsp; 742 | 658748 |
| 4.72%, 12/15/44 | &nbsp;&nbsp; 827 | 743769 |
| 4.88%, 11/13/43 | &nbsp;&nbsp; 1247 | 1155558 |
| 5.00%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1070 | 965542 |
| 5.25%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1058 | 993925 |
| 5.88%, 02/06/41 | &nbsp;&nbsp; 1191 | 1251559 |
| 6.40%, 12/15/66 | &nbsp;&nbsp; 998 | 1044198 |
| 9.25%, 04/08/68<sup>(a)(b)</sup> | &nbsp;&nbsp; 575 | 685165 |
| 10.75%, 08/01/69 | &nbsp;&nbsp; 348 | 460998 |
| Mutual of Omaha Insurance Co. |  |  |
| 6.14%, 01/16/64, (10-year CMT + 2.95%)<sup>(b)(d)</sup> | &nbsp;&nbsp; 192 | 200591 |
| 6.80%, 06/15/36<sup>(b)</sup> | &nbsp;&nbsp; 93 | 104891 |
| National Life Insurance Co., 5.25%, <br> 07/19/68<sup>(a)(b)(d)</sup><br>| &nbsp;&nbsp; 220 | 184436 |
| Nationwide Financial Services, Inc. |  |  |
| 3.90%, 11/30/49<sup>(b)</sup> | &nbsp;&nbsp; 1510 | 1176279 |
| 5.30%, 11/18/44<sup>(b)</sup> | &nbsp;&nbsp; 217 | 206252 |
| 6.75%, 05/15/87<sup>(a)</sup> | &nbsp;&nbsp; 370 | 373883 |
| Nationwide Mutual Insurance Co. |  |  |
| 4.35%, 04/30/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1040 | 829644 |
| 4.95%, 04/22/44<sup>(b)</sup> | &nbsp;&nbsp; 524 | 468454 |
| 9.38%, 08/15/39<sup>(b)</sup> | &nbsp;&nbsp; 622 | 835820 |
| New York Life Insurance Co. |  |  |
| 3.75%, 05/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 1372 | 1035963 |
| 4.45%, 05/15/69<sup>(b)</sup> | &nbsp;&nbsp; 760 | 603099 |
| 6.75%, 11/15/39<sup>(b)</sup> | &nbsp;&nbsp; 849 | 976862 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Northwestern Mutual Life Insurance Co.(The) |  |  |
| 3.45%, 03/30/51<sup>(a)(b)</sup> | &nbsp;&nbsp; $813 | $582159 |
| 3.63%, 09/30/59<sup>(b)</sup> | &nbsp;&nbsp; 1019 | 726926 |
| 3.85%, 09/30/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 1469 | 1172516 |
| 6.06%, 03/30/40<sup>(b)</sup> | &nbsp;&nbsp; 1061 | 1146052 |
| 6.17%, 05/29/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 891 | 961369 |
| Old Republic International Corp., 3.85%, 06/11/51 | &nbsp;&nbsp; 502 | 362086 |
| Omnis Funding Trust, 6.72%, 05/15/55<sup>(b)</sup> | &nbsp;&nbsp; 640 | 667106 |
| OneAmerica Financial Partners, Inc., 4.25%, <br> 10/15/50<sup>(b)</sup><br>| &nbsp;&nbsp; 291 | 223459 |
| Pacific Life Insurance Co. |  |  |
| 4.30%, 10/24/67<sup>(b)(d)</sup> | &nbsp;&nbsp; 725 | 583162 |
| 5.95%, 09/15/55<sup>(b)</sup> | &nbsp;&nbsp; 285 | 289520 |
| 9.25%, 06/15/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 245 | 334267 |
| Pacific LifeCorp |  |  |
| 3.35%, 09/15/50<sup>(b)</sup> | &nbsp;&nbsp; 804 | 561233 |
| 5.13%, 01/30/43<sup>(b)</sup> | &nbsp;&nbsp; 319 | 303884 |
| 5.40%, 09/15/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 750 | 723837 |
| Penn Mutual Life Insurance Co. (The), 3.80%, <br> 04/29/61<sup>(b)</sup><br>| &nbsp;&nbsp; 300 | 206360 |
| Pine Street Trust II, 5.57%, 02/15/49<sup>(b)</sup> | &nbsp;&nbsp; 368 | 350655 |
| Pine Street Trust III, 6.22%, 05/15/54<sup>(b)</sup> | &nbsp;&nbsp; 425 | 432794 |
| Principal Financial Group, Inc. |  |  |
| 4.30%, 11/15/46 | &nbsp;&nbsp; 572 | 481667 |
| 4.35%, 05/15/43 | &nbsp;&nbsp; 301 | 260696 |
| 4.63%, 09/15/42 | &nbsp;&nbsp; 291 | 262610 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 282 | 272174 |
| 6.05%, 10/15/36<sup>(a)</sup> | &nbsp;&nbsp; 631 | 687022 |
| Progressive Corp.(The) |  |  |
| 3.70%, 01/26/45 | &nbsp;&nbsp; 374 | 295442 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 305 | 227941 |
| 3.95%, 03/26/50 | &nbsp;&nbsp; 638 | 502951 |
| 4.13%, 04/15/47 | &nbsp;&nbsp; 786 | 650898 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 735 | 611588 |
| 4.35%, 04/25/44 | &nbsp;&nbsp; 349 | 304110 |
| Prudential Financial, Inc. |  |  |
| 3.00%, 03/10/40 | &nbsp;&nbsp; 432 | 337299 |
| 3.70%, 03/13/51 | &nbsp;&nbsp; 1495 | 1093262 |
| 3.91%, 12/07/47 | &nbsp;&nbsp; 893 | 688214 |
| 3.94%, 12/07/49 | &nbsp;&nbsp; 1286 | 990175 |
| 4.35%, 02/25/50 | &nbsp;&nbsp; 1085 | 887153 |
| 4.42%, 03/27/48 | &nbsp;&nbsp; 600 | 505180 |
| 4.60%, 05/15/44 | &nbsp;&nbsp; 763 | 680958 |
| 5.70%, 12/14/36 | &nbsp;&nbsp; 672 | 710114 |
| 6.63%, 12/01/37<sup>(a)</sup> | &nbsp;&nbsp; 483 | 549966 |
| 6.63%, 06/21/40<sup>(a)</sup> | &nbsp;&nbsp; 374 | 422022 |
| Securian Financial Group, Inc., 4.80%, 04/15/48<sup>(b)</sup> | &nbsp;&nbsp; 315 | 274984 |
| Selective Insurance Group, Inc., 5.38%, 03/01/49 | &nbsp;&nbsp; 307 | 288596 |
| Swiss RE Subordinated Finance PLC, 6.19%, <br> 04/01/46, (3-mo. CME Term SOFR + <br> 2.13%)<sup>(b)(d)</sup><br>| &nbsp;&nbsp; 435 | 458096 |
| Swiss Re Treasury U.S. Corp., 4.25%, <br> 12/06/42<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 190 | 165697 |
| Symetra Life Insurance Co., 6.55%, 10/01/55<sup>(b)</sup> | &nbsp;&nbsp; 355 | 368965 |
| Teachers Insurance & Annuity Association <br> of America<br>|  |  |
| 3.30%, 05/15/50<sup>(b)</sup> | &nbsp;&nbsp; 1131 | 786343 |
| 4.27%, 05/15/47<sup>(b)</sup> | &nbsp;&nbsp; 2042 | 1711328 |
| 4.90%, 09/15/44<sup>(b)</sup> | &nbsp;&nbsp; 1516 | 1401277 |
| 6.85%, 12/16/39<sup>(b)</sup> | &nbsp;&nbsp; 1040 | 1211631 |
| Transatlantic Holdings, Inc., 8.00%, 11/30/39 | &nbsp;&nbsp; 247 | 309375 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Travelers Companies, Inc.(The) |  |  |
| 2.55%, 04/27/50 | &nbsp;&nbsp; $570 | $350453 |
| 3.05%, 06/08/51 | &nbsp;&nbsp; 640 | 429892 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 389 | 308574 |
| 4.00%, 05/30/47 | &nbsp;&nbsp; 752 | 618768 |
| 4.05%, 03/07/48 | &nbsp;&nbsp; 650 | 532522 |
| 4.10%, 03/04/49 | &nbsp;&nbsp; 541 | 445934 |
| 4.30%, 08/25/45 | &nbsp;&nbsp; 436 | 375767 |
| 4.60%, 08/01/43 | &nbsp;&nbsp; 470 | 433343 |
| 5.35%, 11/01/40<sup>(a)</sup> | &nbsp;&nbsp; 444 | 452760 |
| 5.45%, 05/25/53<sup>(a)</sup> | &nbsp;&nbsp; 689 | 686395 |
| 5.70%, 07/24/55<sup>(a)</sup> | &nbsp;&nbsp; 715 | 735210 |
| 6.25%, 06/15/37 | &nbsp;&nbsp; 875 | 978012 |
| 6.75%, 06/20/36 | &nbsp;&nbsp; 427 | 492618 |
| Trinity Acquisition PLC, 6.13%, 08/15/43<sup>(a)</sup> | &nbsp;&nbsp; 229 | 233037 |
| Unum Group |  |  |
| 4.05%, 08/15/41<sup>(b)</sup> | &nbsp;&nbsp; 510 | 423127 |
| 4.13%, 06/15/51 | &nbsp;&nbsp; 555 | 412016 |
| 4.50%, 12/15/49 | &nbsp;&nbsp; 595 | 465054 |
| 5.75%, 08/15/42<sup>(a)</sup> | &nbsp;&nbsp; 470 | 464168 |
| 6.00%, 06/15/54 | &nbsp;&nbsp; 245 | 241509 |
| W R Berkley Corp. |  |  |
| 3.15%, 09/30/61 | &nbsp;&nbsp; 139 | 84355 |
| 3.55%, 03/30/52 | &nbsp;&nbsp; 202 | 143965 |
| 4.00%, 05/12/50 | &nbsp;&nbsp; 432 | 340679 |
| 4.75%, 08/01/44 | &nbsp;&nbsp; 298 | 273094 |
| Western & Southern Life Insurance Co.(The) |  |  |
| 3.75%, 04/28/61<sup>(a)(b)</sup> | &nbsp;&nbsp; 285 | 198193 |
| 5.15%, 01/15/49<sup>(b)</sup> | &nbsp;&nbsp; 365 | 336764 |
| Willis North America, Inc. |  |  |
| 3.88%, 09/15/49 | &nbsp;&nbsp; 686 | 513322 |
| 5.05%, 09/15/48 | &nbsp;&nbsp; 518 | 470355 |
| 5.90%, 03/05/54 | &nbsp;&nbsp; 585 | 579031 |
| WR Berkley Corp., 6.25%, 02/15/37 | &nbsp;&nbsp; 295 | 325367 |
| Wynnton Funding Trust II, 5.99%, 08/15/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 710 | 720190 |
| XL Group Ltd., 5.25%, 12/15/43<sup>(a)</sup> | &nbsp;&nbsp; 265 | 251732 |
|  |  | 137509076 |
| **Internet — 3.2%** | **Internet — 3.2%** | **Internet — 3.2%** |
| Alibaba Group Holding Ltd. |  |  |
| 2.70%, 02/09/41<sup>(a)</sup> | &nbsp;&nbsp; 858 | 649141 |
| 3.15%, 02/09/51 | &nbsp;&nbsp; 1505 | 1041554 |
| 3.25%, 02/09/61<sup>(a)</sup> | &nbsp;&nbsp; 1120 | 739198 |
| 4.00%, 12/06/37 | &nbsp;&nbsp; 632 | 587883 |
| 4.20%, 12/06/47<sup>(a)</sup> | &nbsp;&nbsp; 2347 | 1992305 |
| 4.40%, 12/06/57<sup>(a)</sup> | &nbsp;&nbsp; 1094 | 923126 |
| 5.63%, 11/26/54<sup>(a)</sup> | &nbsp;&nbsp; 400 | 411994 |
| Alphabet, Inc. |  |  |
| 1.90%, 08/15/40 | &nbsp;&nbsp; 1602 | 1106604 |
| 2.05%, 08/15/50<sup>(a)</sup> | &nbsp;&nbsp; 2204 | 1215937 |
| 2.25%, 08/15/60 | &nbsp;&nbsp; 1857 | 976253 |
| 5.25%, 05/15/55 | &nbsp;&nbsp; 2155 | 2097370 |
| 5.30%, 05/15/65 | &nbsp;&nbsp; 1465 | 1389111 |
| 5.35%, 11/15/45 | &nbsp;&nbsp; 1710 | 1717386 |
| 5.45%, 11/15/55 | &nbsp;&nbsp; 2765 | 2748371 |
| 5.50%, 02/15/46 | &nbsp;&nbsp; 2175 | 2214801 |
| 5.65%, 02/15/56 | &nbsp;&nbsp; 1145 | 1171630 |
| 5.70%, 11/15/75 | &nbsp;&nbsp; 2855 | 2853122 |
| 5.75%, 02/15/66 | &nbsp;&nbsp; 1500 | 1527546 |
| Amazon.com, Inc. |  |  |
| 2.50%, 06/03/50 | &nbsp;&nbsp; 2660 | 1611324 |
| 2.70%, 06/03/60 | &nbsp;&nbsp; 1964 | 1111749 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 2.88%, 05/12/41 | &nbsp;&nbsp; $2099 | $1611843 |
| 3.10%, 05/12/51 | &nbsp;&nbsp; 3461 | 2350336 |
| 3.25%, 05/12/61 | &nbsp;&nbsp; 1864 | 1197665 |
| 3.88%, 08/22/37 | &nbsp;&nbsp; 2220 | 2056122 |
| 3.95%, 04/13/52 | &nbsp;&nbsp; 2511 | 1985370 |
| 4.05%, 08/22/47 | &nbsp;&nbsp; 3462 | 2863713 |
| 4.10%, 04/13/62<sup>(a)</sup> | &nbsp;&nbsp; 1144 | 885466 |
| 4.25%, 08/22/57<sup>(a)</sup> | &nbsp;&nbsp; 1943 | 1566987 |
| 4.95%, 12/05/44<sup>(a)</sup> | &nbsp;&nbsp; 1278 | 1238889 |
| 5.45%, 11/20/55<sup>(a)</sup> | &nbsp;&nbsp; 2625 | 2585880 |
| 5.55%, 11/20/65 | &nbsp;&nbsp; 2100 | 2055919 |
| AppLovin Corp., 5.95%, 12/01/54 | &nbsp;&nbsp; 235 | 225813 |
| eBay, Inc. |  |  |
| 3.65%, 05/10/51 | &nbsp;&nbsp; 895 | 664902 |
| 4.00%, 07/15/42 | &nbsp;&nbsp; 695 | 578772 |
| JD.com, Inc., 4.13%, 01/14/50 | &nbsp;&nbsp; 203 | 172351 |
| Meta Platforms, Inc. |  |  |
| 4.45%, 08/15/52 | &nbsp;&nbsp; 2954 | 2424746 |
| 4.65%, 08/15/62 | &nbsp;&nbsp; 1919 | 1559386 |
| 5.40%, 08/15/54 | &nbsp;&nbsp; 3503 | 3307304 |
| 5.50%, 11/15/45 | &nbsp;&nbsp; 5920 | 5848726 |
| 5.55%, 08/15/64 | &nbsp;&nbsp; 3400 | 3203439 |
| 5.60%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 2774 | 2700822 |
| 5.63%, 11/15/55 | &nbsp;&nbsp; 3845 | 3763583 |
| 5.75%, 05/15/63 | &nbsp;&nbsp; 1996 | 1941101 |
| 5.75%, 11/15/65 | &nbsp;&nbsp; 5170 | 5036573 |
| Netflix, Inc., 5.40%, 08/15/54<sup>(a)</sup> | &nbsp;&nbsp; 320 | 318729 |
| Prosus NV |  |  |
| 3.83%, 02/08/51<sup>(b)</sup> | &nbsp;&nbsp; 1470 | 1003941 |
| 4.03%, 08/03/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 917 | 654102 |
| 4.99%, 01/19/52<sup>(b)</sup> | &nbsp;&nbsp; 497 | 404727 |
| Tencent Holdings Ltd. |  |  |
| 3.24%, 06/03/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 2187 | 1583747 |
| 3.29%, 06/03/60<sup>(a)(b)</sup> | &nbsp;&nbsp; 695 | 477165 |
| 3.68%, 04/22/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 647 | 569647 |
| 3.84%, 04/22/51<sup>(b)</sup> | &nbsp;&nbsp; 1455 | 1167249 |
| 3.93%, 01/19/38<sup>(b)</sup> | &nbsp;&nbsp; 1130 | 1062605 |
| 3.94%, 04/22/61<sup>(b)</sup> | &nbsp;&nbsp; 776 | 610224 |
| 4.53%, 04/11/49<sup>(b)</sup> | &nbsp;&nbsp; 200 | 182855 |
| Uber Technologies, Inc., 5.35%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 1242 | 1184376 |
|  |  | 89131480 |
| **Iron & Steel — 0.3%** | **Iron & Steel — 0.3%** | **Iron & Steel — 0.3%** |
| ArcelorMittal SA |  |  |
| 6.35%, 06/17/54<sup>(a)</sup> | &nbsp;&nbsp; 390 | 418953 |
| 6.75%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 468 | 521404 |
| 7.00%, 10/15/39<sup>(a)</sup> | &nbsp;&nbsp; 532 | 614530 |
| GUSAP III LP, 7.25%, 04/16/44<sup>(b)</sup> | &nbsp;&nbsp; 412 | 471546 |
| Nucor Corp. |  |  |
| 2.98%, 12/15/55<sup>(a)</sup> | &nbsp;&nbsp; 279 | 178195 |
| 3.85%, 04/01/52 | &nbsp;&nbsp; 465 | 360469 |
| 4.40%, 05/01/48<sup>(a)</sup> | &nbsp;&nbsp; 236 | 204270 |
| 5.20%, 08/01/43 | &nbsp;&nbsp; 317 | 311802 |
| 6.40%, 12/01/37 | &nbsp;&nbsp; 430 | 485788 |
| Reliance, Inc., 6.85%, 11/15/36 | &nbsp;&nbsp; 195 | 223234 |
| Steel Dynamics, Inc. |  |  |
| 3.25%, 10/15/50 | &nbsp;&nbsp; 339 | 231838 |
| 5.75%, 05/15/55 | &nbsp;&nbsp; 285 | 284803 |
| Vale Overseas Ltd. |  |  |
| 6.40%, 06/28/54<sup>(a)</sup> | &nbsp;&nbsp; 1595 | 1672996 |
| 6.88%, 11/21/36<sup>(a)</sup> | &nbsp;&nbsp; 584 | 668762 |
| 6.88%, 11/10/39 | &nbsp;&nbsp; 423 | 483269 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Iron & Steel (continued)** | **Iron & Steel (continued)** | **Iron & Steel (continued)** |
| Vale SA, 5.63%, 09/11/42<sup>(a)</sup> | &nbsp;&nbsp; $416 | $423187 |
|  |  | 7555046 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| Harley-Davidson, Inc., 4.63%, 07/28/45<sup>(a)</sup> | &nbsp;&nbsp; 244 | 195700 |
| Royal Caribbean Cruises Ltd., 5.25%, 02/27/38 | &nbsp;&nbsp; 750 | 751180 |
|  |  | 946880 |
| **Lodging — 0.0%** | **Lodging — 0.0%** | **Lodging — 0.0%** |
| Marriott International, Inc., 5.50%, 04/15/37<sup>(a)</sup> | &nbsp;&nbsp; 880 | 909402 |
| Marriott International, Inc./MD, 5.10%, 05/01/38 | &nbsp;&nbsp; 550 | 543988 |
|  |  | 1453390 |
| **Machinery — 0.4%** | **Machinery — 0.4%** | **Machinery — 0.4%** |
| Caterpillar, Inc. |  |  |
| 3.25%, 09/19/49 | &nbsp;&nbsp; 755 | 549855 |
| 3.25%, 04/09/50 | &nbsp;&nbsp; 1184 | 861508 |
| 3.80%, 08/15/42<sup>(a)</sup> | &nbsp;&nbsp; 1580 | 1350624 |
| 4.30%, 05/15/44 | &nbsp;&nbsp; 541 | 483695 |
| 4.75%, 05/15/64 | &nbsp;&nbsp; 540 | 482971 |
| 5.20%, 05/27/41<sup>(a)</sup> | &nbsp;&nbsp; 701 | 718123 |
| 5.50%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 175 | 181140 |
| 6.05%, 08/15/36<sup>(a)</sup> | &nbsp;&nbsp; 408 | 460151 |
| Deere & Co. |  |  |
| 2.88%, 09/07/49<sup>(a)</sup> | &nbsp;&nbsp; 600 | 413390 |
| 3.75%, 04/15/50 | &nbsp;&nbsp; 791 | 633317 |
| 3.90%, 06/09/42 | &nbsp;&nbsp; 860 | 758429 |
| 5.70%, 01/19/55<sup>(a)</sup> | &nbsp;&nbsp; 565 | 600056 |
| Dover Corp. |  |  |
| 5.38%, 03/01/41 | &nbsp;&nbsp; 212 | 220589 |
| 6.60%, 03/15/38<sup>(a)</sup> | &nbsp;&nbsp; 251 | 288001 |
| GE Vernova, Inc., 5.50%, 02/04/56 | &nbsp;&nbsp; 505 | 501021 |
| Ingersoll Rand, Inc., 5.70%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 470 | 477963 |
| Otis Worldwide Corp. |  |  |
| 3.11%, 02/15/40 | &nbsp;&nbsp; 760 | 609514 |
| 3.36%, 02/15/50<sup>(a)</sup> | &nbsp;&nbsp; 800 | 575396 |
| Rockwell Automation, Inc. |  |  |
| 2.80%, 08/15/61 | &nbsp;&nbsp; 215 | 125770 |
| 4.20%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 554 | 469669 |
| 6.25%, 12/01/37 | &nbsp;&nbsp; 245 | 275871 |
| Vertiv Holdings Co. |  |  |
| 5.65%, 03/15/46 | &nbsp;&nbsp; 270 | 268157 |
| 5.80%, 03/15/56 | &nbsp;&nbsp; 120 | 120201 |
| 5.95%, 03/15/66 | &nbsp;&nbsp; 255 | 253964 |
| Xylem, Inc., 4.38%, 11/01/46 | &nbsp;&nbsp; 385 | 334481 |
|  |  | 12013856 |
| **Manufacturing — 0.5%** | **Manufacturing — 0.5%** | **Manufacturing — 0.5%** |
| 3M Co. |  |  |
| 3.13%, 09/19/46 | &nbsp;&nbsp; 578 | 408747 |
| 3.25%, 08/26/49 | &nbsp;&nbsp; 1051 | 736277 |
| 3.63%, 10/15/47 | &nbsp;&nbsp; 521 | 397470 |
| 3.70%, 04/15/50 | &nbsp;&nbsp; 682 | 514109 |
| 3.88%, 06/15/44 | &nbsp;&nbsp; 209 | 171736 |
| 4.00%, 09/14/48<sup>(a)</sup> | &nbsp;&nbsp; 1160 | 936501 |
| 5.70%, 03/15/37<sup>(a)</sup> | &nbsp;&nbsp; 591 | 631655 |
| Eaton Corp. |  |  |
| 3.92%, 09/15/47 | &nbsp;&nbsp; 420 | 347732 |
| 4.15%, 11/02/42 | &nbsp;&nbsp; 765 | 677811 |
| 4.70%, 08/23/52<sup>(a)</sup> | &nbsp;&nbsp; 512 | 467444 |
| Illinois Tool Works, Inc. |  |  |
| 3.90%, 09/01/42<sup>(a)</sup> | &nbsp;&nbsp; 1023 | 883666 |
| 4.88%, 09/15/41 | &nbsp;&nbsp; 480 | 470069 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Manufacturing (continued)** | **Manufacturing (continued)** | **Manufacturing (continued)** |
| Parker-Hannifin Corp. |  |  |
| 4.00%, 06/14/49 | &nbsp;&nbsp; $884 | $725232 |
| 4.10%, 03/01/47 | &nbsp;&nbsp; 589 | 496398 |
| 4.45%, 11/21/44 | &nbsp;&nbsp; 332 | 298216 |
| 6.25%, 05/15/38 | &nbsp;&nbsp; 300 | 339203 |
| Siemens Financieringsmaatschappij NV |  |  |
| 2.88%, 03/11/41<sup>(b)</sup> | &nbsp;&nbsp; 1401 | 1087626 |
| 3.30%, 09/15/46<sup>(a)(b)</sup> | &nbsp;&nbsp; 1018 | 768333 |
| 4.20%, 03/16/47<sup>(a)(b)</sup> | &nbsp;&nbsp; 1485 | 1290505 |
| 4.40%, 05/27/45<sup>(b)</sup> | &nbsp;&nbsp; 1533 | 1384215 |
| Siemens Funding BV |  |  |
| 5.80%, 05/28/55<sup>(b)</sup> | &nbsp;&nbsp; 1005 | 1061818 |
| 5.90%, 05/28/65<sup>(b)</sup> | &nbsp;&nbsp; 695 | 735584 |
| Textron, Inc., 4.95%, 03/15/36<sup>(a)</sup> | &nbsp;&nbsp; 230 | 231178 |
|  |  | 15061525 |
| **Media — 3.5%** | **Media — 3.5%** | **Media — 3.5%** |
| Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 2015 | 1451594 |
| 3.50%, 03/01/42 | &nbsp;&nbsp; 1566 | 1105846 |
| 3.70%, 04/01/51 | &nbsp;&nbsp; 1634 | 1054535 |
| 3.85%, 04/01/61 | &nbsp;&nbsp; 1669 | 1009270 |
| 3.90%, 06/01/52 | &nbsp;&nbsp; 1957 | 1287769 |
| 3.95%, 06/30/62 | &nbsp;&nbsp; 1445 | 883296 |
| 4.40%, 12/01/61 | &nbsp;&nbsp; 1281 | 856668 |
| 4.80%, 03/01/50 | &nbsp;&nbsp; 2699 | 2056263 |
| 5.13%, 07/01/49 | &nbsp;&nbsp; 1246 | 988916 |
| 5.25%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 1157 | 933201 |
| 5.38%, 04/01/38 | &nbsp;&nbsp; 1725 | 1598648 |
| 5.38%, 05/01/47 | &nbsp;&nbsp; 2439 | 2032882 |
| 5.50%, 04/01/63 | &nbsp;&nbsp; 751 | 599313 |
| 5.75%, 04/01/48 | &nbsp;&nbsp; 2226 | 1937485 |
| 6.48%, 10/23/45 | &nbsp;&nbsp; 3805 | 3612954 |
| 6.70%, 12/01/55<sup>(a)</sup> | &nbsp;&nbsp; 475 | 463287 |
| 6.83%, 10/23/55 | &nbsp;&nbsp; 85 | 83393 |
| Comcast Corp. |  |  |
| 2.45%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1982 | 1082480 |
| 2.65%, 08/15/62 | &nbsp;&nbsp; 992 | 514853 |
| 2.80%, 01/15/51<sup>(a)</sup> | &nbsp;&nbsp; 2134 | 1275527 |
| 2.89%, 11/01/51<sup>(a)</sup> | &nbsp;&nbsp; 5356 | 3233090 |
| 2.94%, 11/01/56 | &nbsp;&nbsp; 4433 | 2585199 |
| 2.99%, 11/01/63 | &nbsp;&nbsp; 3626 | 2020559 |
| 3.20%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1452 | 1260493 |
| 3.25%, 11/01/39 | &nbsp;&nbsp; 1632 | 1302827 |
| 3.40%, 07/15/46 | &nbsp;&nbsp; 1337 | 954101 |
| 3.45%, 02/01/50 | &nbsp;&nbsp; 2226 | 1531473 |
| 3.75%, 04/01/40 | &nbsp;&nbsp; 1968 | 1660181 |
| 3.90%, 03/01/38 | &nbsp;&nbsp; 1572 | 1397985 |
| 3.97%, 11/01/47 | &nbsp;&nbsp; 2292 | 1765853 |
| 4.00%, 08/15/47 | &nbsp;&nbsp; 1224 | 950694 |
| 4.00%, 03/01/48<sup>(a)</sup> | &nbsp;&nbsp; 1433 | 1104567 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 2370 | 1791761 |
| 4.05%, 11/01/52 | &nbsp;&nbsp; 1265 | 949412 |
| 4.60%, 10/15/38 | &nbsp;&nbsp; 1352 | 1278282 |
| 4.60%, 08/15/45 | &nbsp;&nbsp; 497 | 434080 |
| 4.65%, 07/15/42 | &nbsp;&nbsp; 566 | 508065 |
| 4.70%, 10/15/48 | &nbsp;&nbsp; 2328 | 1987720 |
| 4.75%, 03/01/44 | &nbsp;&nbsp; 389 | 347928 |
| 4.95%, 10/15/58 | &nbsp;&nbsp; 144 | 123251 |
| 5.17%, 01/15/37<sup>(b)</sup> | &nbsp;&nbsp; 380 | 382609 |
| 5.35%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1903 | 1752843 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 5.50%, 05/15/64<sup>(a)</sup> | &nbsp;&nbsp; $1266 | $1166134 |
| 5.65%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1372 | 1323094 |
| 6.05%, 05/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1215 | 1244105 |
| 6.40%, 03/01/40 | &nbsp;&nbsp; 541 | 593834 |
| 6.45%, 03/15/37 | &nbsp;&nbsp; 885 | 987600 |
| 6.55%, 07/01/39 | &nbsp;&nbsp; 605 | 674841 |
| 6.95%, 08/15/37<sup>(a)</sup> | &nbsp;&nbsp; 723 | 837801 |
| Cox Communications, Inc. |  |  |
| 2.95%, 10/01/50<sup>(b)</sup> | &nbsp;&nbsp; 930 | 527219 |
| 3.60%, 06/15/51<sup>(b)</sup> | &nbsp;&nbsp; 352 | 224185 |
| 4.50%, 06/30/43<sup>(b)</sup> | &nbsp;&nbsp; 461 | 362941 |
| 4.60%, 08/15/47<sup>(b)</sup> | &nbsp;&nbsp; 300 | 226363 |
| 4.70%, 12/15/42<sup>(b)</sup> | &nbsp;&nbsp; 751 | 604870 |
| 5.80%, 12/15/53<sup>(b)</sup> | &nbsp;&nbsp; 635 | 554288 |
| 5.95%, 09/01/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 400 | 358636 |
| 8.38%, 03/01/39<sup>(b)</sup> | &nbsp;&nbsp; 275 | 324047 |
| Fox Corp. |  |  |
| 5.48%, 01/25/39 | &nbsp;&nbsp; 1051 | 1045172 |
| 5.58%, 01/25/49<sup>(a)</sup> | &nbsp;&nbsp; 1323 | 1257163 |
| NBCUniversal Media LLC |  |  |
| 4.45%, 01/15/43 | &nbsp;&nbsp; 670 | 579361 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 258 | 268061 |
| 6.40%, 04/30/40 | &nbsp;&nbsp; 465 | 511457 |
| Paramount Global |  |  |
| 4.38%, 03/15/43 | &nbsp;&nbsp; 1308 | 824964 |
| 4.60%, 01/15/45 | &nbsp;&nbsp; 506 | 315129 |
| 4.85%, 07/01/42 | &nbsp;&nbsp; 362 | 241313 |
| 4.90%, 08/15/44<sup>(a)</sup> | &nbsp;&nbsp; 205 | 131717 |
| 4.95%, 05/19/50 | &nbsp;&nbsp; 454 | 286909 |
| 5.25%, 04/01/44 | &nbsp;&nbsp; 280 | 186548 |
| 5.85%, 09/01/43 | &nbsp;&nbsp; 1126 | 834083 |
| 5.90%, 10/15/40 | &nbsp;&nbsp; 215 | 163787 |
| 6.88%, 04/30/36 | &nbsp;&nbsp; 583 | 529823 |
| Time Warner Cable LLC |  |  |
| 4.50%, 09/15/42 | &nbsp;&nbsp; 1563 | 1232602 |
| 5.50%, 09/01/41 | &nbsp;&nbsp; 1592 | 1424013 |
| 5.88%, 11/15/40 | &nbsp;&nbsp; 1563 | 1466108 |
| 6.55%, 05/01/37 | &nbsp;&nbsp; 2102 | 2163822 |
| 6.75%, 06/15/39 | &nbsp;&nbsp; 2129 | 2180621 |
| 7.30%, 07/01/38<sup>(a)</sup> | &nbsp;&nbsp; 1712 | 1852722 |
| TWDC Enterprises 18 Corp. |  |  |
| 3.00%, 07/30/46<sup>(a)</sup> | &nbsp;&nbsp; 473 | 335844 |
| 3.70%, 12/01/42 | &nbsp;&nbsp; 427 | 351111 |
| 4.13%, 06/01/44 | &nbsp;&nbsp; 952 | 811980 |
| 4.38%, 08/16/41 | &nbsp;&nbsp; 185 | 168602 |
| Series E, 4.13%, 12/01/41 | &nbsp;&nbsp; 500 | 442343 |
| Walt Disney Co.(The) |  |  |
| 2.75%, 09/01/49 | &nbsp;&nbsp; 2763 | 1783799 |
| 3.50%, 05/13/40 | &nbsp;&nbsp; 1986 | 1683511 |
| 3.60%, 01/13/51 | &nbsp;&nbsp; 1550 | 1164611 |
| 3.80%, 05/13/60<sup>(a)</sup> | &nbsp;&nbsp; 230 | 170393 |
| 4.63%, 03/23/40<sup>(a)</sup> | &nbsp;&nbsp; 1200 | 1162574 |
| 4.70%, 03/23/50<sup>(a)</sup> | &nbsp;&nbsp; 1743 | 1572917 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 552 | 513439 |
| 4.75%, 11/15/46 | &nbsp;&nbsp; 540 | 494566 |
| 4.95%, 10/15/45 | &nbsp;&nbsp; 343 | 325345 |
| 5.40%, 10/01/43<sup>(a)</sup> | &nbsp;&nbsp; 605 | 616285 |
| 6.15%, 03/01/37 | &nbsp;&nbsp; 799 | 898473 |
| 6.15%, 02/15/41 | &nbsp;&nbsp; 803 | 885913 |
| 6.65%, 11/15/37 | &nbsp;&nbsp; 1492 | 1723500 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 7.75%, 12/01/45 | &nbsp;&nbsp; $265 | $341154 |
|  |  | 97102846 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Precision Castparts Corp. |  |  |
| 3.90%, 01/15/43 | &nbsp;&nbsp; 401 | 344703 |
| 4.38%, 06/15/45 | &nbsp;&nbsp; 238 | 211703 |
| Valmont Industries, Inc. |  |  |
| 5.00%, 10/01/44 | &nbsp;&nbsp; 300 | 278039 |
| 5.25%, 10/01/54 | &nbsp;&nbsp; 191 | 183852 |
|  |  | 1018297 |
| **Mining — 1.5%** | **Mining — 1.5%** | **Mining — 1.5%** |
| Anglo American Capital PLC |  |  |
| 3.95%, 09/10/50<sup>(b)</sup> | &nbsp;&nbsp; 506 | 388903 |
| 4.75%, 03/16/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 668 | 577076 |
| 6.00%, 04/05/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 463 | 476179 |
| Barrick International Barbados Corp., 6.35%, <br> 10/15/36<sup>(b)</sup><br>| &nbsp;&nbsp; 464 | 516368 |
| Barrick Mining Corp., 5.25%, 04/01/42<sup>(a)</sup> | &nbsp;&nbsp; 315 | 318263 |
| Barrick North America Finance LLC |  |  |
| 5.70%, 05/30/41 | &nbsp;&nbsp; 868 | 902259 |
| 5.75%, 05/01/43 | &nbsp;&nbsp; 854 | 887391 |
| 7.50%, 09/15/38 | &nbsp;&nbsp; 230 | 277536 |
| Barrick PD Australia Finance Pty. Ltd., 5.95%, <br> 10/15/39<br>| &nbsp;&nbsp; 695 | 745137 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.13%, 02/24/42 | &nbsp;&nbsp; 902 | 794915 |
| 5.00%, 09/30/43 | &nbsp;&nbsp; 2469 | 2396548 |
| 5.50%, 09/08/53<sup>(a)</sup> | &nbsp;&nbsp; 703 | 708803 |
| 5.75%, 09/05/55 | &nbsp;&nbsp; 945 | 986742 |
| Corp. Nacional del Cobre de Chile |  |  |
| 3.15%, 01/15/51<sup>(b)</sup> | &nbsp;&nbsp; 598 | 399480 |
| 3.70%, 01/30/50<sup>(b)</sup> | &nbsp;&nbsp; 2558 | 1863554 |
| 4.25%, 07/17/42<sup>(b)</sup> | &nbsp;&nbsp; 1195 | 1010882 |
| 4.38%, 02/05/49<sup>(b)</sup> | &nbsp;&nbsp; 1161 | 944473 |
| 4.50%, 08/01/47<sup>(b)</sup> | &nbsp;&nbsp; 1232 | 1037647 |
| 4.88%, 11/04/44<sup>(b)</sup> | &nbsp;&nbsp; 782 | 706834 |
| 5.63%, 10/18/43<sup>(a)(b)</sup> | &nbsp;&nbsp; 890 | 878946 |
| 6.15%, 10/24/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 533 | 575925 |
| 6.30%, 09/08/53<sup>(b)</sup> | &nbsp;&nbsp; 1235 | 1297794 |
| 6.78%, 01/13/55<sup>(b)</sup> | &nbsp;&nbsp; 870 | 959593 |
| Freeport Indonesia PT, 6.20%, 04/14/52<sup>(a)(b)</sup> | &nbsp;&nbsp; 657 | 671014 |
| Freeport-McMoRan, Inc., 5.45%, 03/15/43 | &nbsp;&nbsp; 1807 | 1787819 |
| Fresnillo PLC, 4.25%, 10/02/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 780 | 624993 |
| Glencore Finance Canada Ltd. |  |  |
| 5.55%, 10/25/42<sup>(b)</sup> | &nbsp;&nbsp; 483 | 483927 |
| 6.00%, 11/15/41<sup>(b)</sup> | &nbsp;&nbsp; 506 | 532867 |
| 6.90%, 11/15/37<sup>(b)</sup> | &nbsp;&nbsp; 413 | 474133 |
| Glencore Funding LLC |  |  |
| 3.38%, 09/23/51<sup>(b)</sup> | &nbsp;&nbsp; 497 | 341909 |
| 3.88%, 04/27/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 519 | 393555 |
| 5.89%, 04/04/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 445 | 456210 |
| 6.14%, 04/01/55<sup>(a)(b)</sup> | &nbsp;&nbsp; 425 | 448959 |
| Indonesia Asahan Aluminium PT/Mineral Industri <br> Indonesia Persero PT<br>|  |  |
| 5.80%, 05/15/50<sup>(b)</sup> | &nbsp;&nbsp; 374 | 358630 |
| 6.76%, 11/15/48<sup>(b)</sup> | &nbsp;&nbsp; 171 | 182861 |
| Industrias Penoles SAB de CV |  |  |
| 4.75%, 08/06/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 482 | 409864 |
| 5.65%, 09/12/49<sup>(b)</sup> | &nbsp;&nbsp; 480 | 462298 |
| Kinross Gold Corp., 6.88%, 09/01/41 | &nbsp;&nbsp; 270 | 297703 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| Minera Mexico SA de CV, 4.50%, 01/26/50<sup>(b)</sup> | &nbsp;&nbsp; $937 | $802409 |
| Newmont Corp. |  |  |
| 4.88%, 03/15/42<sup>(a)</sup> | &nbsp;&nbsp; 493 | 478056 |
| 5.45%, 06/09/44<sup>(a)</sup> | &nbsp;&nbsp; 390 | 394892 |
| 6.25%, 10/01/39<sup>(a)</sup> | &nbsp;&nbsp; 185 | 202525 |
| Newmont Corp./Newcrest Finance Pty. Ltd. |  |  |
| 4.20%, 05/13/50 | &nbsp;&nbsp; 404 | 337541 |
| 5.75%, 11/15/41 | &nbsp;&nbsp; 407 | 417811 |
| Nexa Resources SA, 6.60%, 04/08/37<sup>(b)</sup> | &nbsp;&nbsp; 55 | 58990 |
| Rio Tinto Finance USA Ltd. |  |  |
| 2.75%, 11/02/51 | &nbsp;&nbsp; 1135 | 717706 |
| 5.20%, 11/02/40 | &nbsp;&nbsp; 998 | 1013553 |
| Rio Tinto Finance USA PLC |  |  |
| 4.13%, 08/21/42 | &nbsp;&nbsp; 972 | 850969 |
| 4.75%, 03/22/42 | &nbsp;&nbsp; 313 | 296875 |
| 5.13%, 03/09/53 | &nbsp;&nbsp; 1158 | 1098107 |
| 5.75%, 03/14/55 | &nbsp;&nbsp; 1685 | 1748817 |
| 5.88%, 03/14/65 | &nbsp;&nbsp; 1200 | 1252630 |
| Southern Copper Corp. |  |  |
| 5.25%, 11/08/42 | &nbsp;&nbsp; 1266 | 1244845 |
| 5.88%, 04/23/45 | &nbsp;&nbsp; 1356 | 1421510 |
| 6.75%, 04/16/40 | &nbsp;&nbsp; 902 | 1035884 |
|  |  | 40951110 |
| **Oil & Gas — 5.8%** | **Oil & Gas — 5.8%** | **Oil & Gas — 5.8%** |
| Adnoc Murban Rsc Ltd., 5.13%, 09/11/54<sup>(b)</sup> | &nbsp;&nbsp; 1060 | 996468 |
| Aker BP ASA, 5.80%, 10/01/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 785 | 737298 |
| APA Corp. |  |  |
| 4.75%, 04/15/43 | &nbsp;&nbsp; 70 | 57260 |
| 5.10%, 09/01/40<sup>(a)</sup> | &nbsp;&nbsp; 320 | 293538 |
| 5.35%, 07/01/49 | &nbsp;&nbsp; 530 | 462001 |
| 6.00%, 01/15/37 | &nbsp;&nbsp; 200 | 206585 |
| 6.75%, 02/15/55 | &nbsp;&nbsp; 525 | 536268 |
| Apache Corp., 5.25%, 02/01/42<sup>(a)</sup> | &nbsp;&nbsp; 180 | 159894 |
| BP Capital Markets America, Inc. |  |  |
| 2.77%, 11/10/50<sup>(a)</sup> | &nbsp;&nbsp; 1819 | 1154140 |
| 2.94%, 06/04/51 | &nbsp;&nbsp; 2191 | 1431881 |
| 3.00%, 02/24/50 | &nbsp;&nbsp; 2350 | 1571678 |
| 3.00%, 03/17/52<sup>(a)</sup> | &nbsp;&nbsp; 1250 | 820154 |
| 3.06%, 06/17/41<sup>(a)</sup> | &nbsp;&nbsp; 1225 | 953510 |
| 3.38%, 02/08/61 | &nbsp;&nbsp; 2537 | 1697452 |
| Burlington Resources LLC, 5.95%, 10/15/36 | &nbsp;&nbsp; 201 | 219986 |
| Canadian Natural Resources Ltd. |  |  |
| 4.95%, 06/01/47<sup>(a)</sup> | &nbsp;&nbsp; 965 | 877463 |
| 6.25%, 03/15/38 | &nbsp;&nbsp; 1054 | 1138078 |
| 6.50%, 02/15/37 | &nbsp;&nbsp; 372 | 408945 |
| 6.75%, 02/01/39 | &nbsp;&nbsp; 390 | 438632 |
| Cenovus Energy, Inc. |  |  |
| 3.75%, 02/15/52<sup>(a)</sup> | &nbsp;&nbsp; 831 | 602083 |
| 5.25%, 06/15/37 | &nbsp;&nbsp; 332 | 330909 |
| 5.40%, 03/20/36<sup>(a)</sup> | &nbsp;&nbsp; 275 | 280119 |
| 5.40%, 06/15/47 | &nbsp;&nbsp; 769 | 723135 |
| 6.75%, 11/15/39 | &nbsp;&nbsp; 509 | 569013 |
| Chevron Corp. |  |  |
| 2.98%, 05/11/40 | &nbsp;&nbsp; 284 | 225691 |
| 3.08%, 05/11/50 | &nbsp;&nbsp; 1198 | 839646 |
| Chevron USA, Inc. |  |  |
| 2.34%, 08/12/50<sup>(a)</sup> | &nbsp;&nbsp; 843 | 505565 |
| 5.25%, 11/15/43<sup>(a)</sup> | &nbsp;&nbsp; 186 | 190228 |
| 6.00%, 03/01/41 | &nbsp;&nbsp; 285 | 316781 |
| CNOOC Finance 2011 Ltd., 5.75%, 01/26/41<sup>(b)</sup> | &nbsp;&nbsp; 500 | 557877 |
| CNOOC Finance 2012 Ltd., 5.00%, 05/02/42<sup>(b)</sup> | &nbsp;&nbsp; 250 | 255593 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| CNOOC Finance 2013 Ltd. |  |  |
| 3.30%, 09/30/49<sup>(a)</sup> | &nbsp;&nbsp; $470 | $369052 |
| 4.25%, 05/09/43 | &nbsp;&nbsp; 220 | 206081 |
| CNOOC Finance 2014 ULC, 4.88%, 04/30/44<sup>(a)</sup> | &nbsp;&nbsp; 605 | 610138 |
| CNOOC Finance 2015 Australia Pty. Ltd., 4.20%, <br> 05/05/45<br>| &nbsp;&nbsp; 465 | 429163 |
| CNPC HK Overseas Capital Ltd., 5.95%, <br> 04/28/41<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 615 | 702390 |
| ConocoPhillips |  |  |
| 4.88%, 10/01/47 | &nbsp;&nbsp; 569 | 521027 |
| 5.90%, 05/15/38 | &nbsp;&nbsp; 520 | 562698 |
| 6.50%, 02/01/39<sup>(a)</sup> | &nbsp;&nbsp; 1460 | 1666292 |
| ConocoPhillips Co. |  |  |
| 3.76%, 03/15/42 | &nbsp;&nbsp; 672 | 561918 |
| 3.80%, 03/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1403 | 1060417 |
| 4.03%, 03/15/62 | &nbsp;&nbsp; 1807 | 1344649 |
| 4.30%, 11/15/44 | &nbsp;&nbsp; 739 | 641704 |
| 5.30%, 05/15/53 | &nbsp;&nbsp; 1386 | 1314708 |
| 5.50%, 01/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1445 | 1419022 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 1184 | 1167948 |
| 5.65%, 01/15/65 | &nbsp;&nbsp; 685 | 672849 |
| 5.70%, 09/15/63 | &nbsp;&nbsp; 785 | 781045 |
| 5.95%, 03/15/46 | &nbsp;&nbsp; 240 | 253285 |
| 6.60%, 10/01/37<sup>(a)</sup> | &nbsp;&nbsp; 225 | 257063 |
| Continental Resources, Inc./OK, 4.90%, 06/01/44 | &nbsp;&nbsp; 555 | 457439 |
| Coterra Energy, Inc., 5.90%, 02/15/55 | &nbsp;&nbsp; 765 | 760919 |
| Devon Energy Corp. |  |  |
| 4.75%, 05/15/42 | &nbsp;&nbsp; 643 | 582543 |
| 5.00%, 06/15/45 | &nbsp;&nbsp; 752 | 684656 |
| 5.60%, 07/15/41<sup>(a)</sup> | &nbsp;&nbsp; 1292 | 1293827 |
| 5.75%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 990 | 964746 |
| Diamondback Energy, Inc. |  |  |
| 4.25%, 03/15/52 | &nbsp;&nbsp; 782 | 626507 |
| 4.40%, 03/24/51<sup>(a)</sup> | &nbsp;&nbsp; 463 | 383024 |
| 5.75%, 04/18/54<sup>(a)</sup> | &nbsp;&nbsp; 1525 | 1488383 |
| 5.90%, 04/18/64 | &nbsp;&nbsp; 1225 | 1201763 |
| 6.25%, 03/15/53 | &nbsp;&nbsp; 727 | 756998 |
| Empresa Nacional del Petroleo, 4.50%, <br> 09/14/47<sup>(b)</sup><br>| &nbsp;&nbsp; 591 | 500567 |
| Eni SpA |  |  |
| 5.70%, 10/01/40<sup>(b)</sup> | &nbsp;&nbsp; 165 | 168771 |
| 5.95%, 05/15/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 1240 | 1272106 |
| EOG Resources, Inc. |  |  |
| 4.95%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 931 | 847074 |
| 5.65%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1021 | 1021312 |
| 5.95%, 07/15/55 | &nbsp;&nbsp; 775 | 809997 |
| Equinor ASA |  |  |
| 3.25%, 11/18/49 | &nbsp;&nbsp; 914 | 652616 |
| 3.63%, 04/06/40 | &nbsp;&nbsp; 463 | 399270 |
| 3.70%, 04/06/50 | &nbsp;&nbsp; 1094 | 847725 |
| 3.95%, 05/15/43 | &nbsp;&nbsp; 709 | 603172 |
| 4.25%, 11/23/41 | &nbsp;&nbsp; 565 | 509294 |
| 4.80%, 11/08/43 | &nbsp;&nbsp; 651 | 616202 |
| 5.10%, 08/17/40 | &nbsp;&nbsp; 763 | 766631 |
| Exxon Mobil Corp. |  |  |
| 3.00%, 08/16/39 | &nbsp;&nbsp; 738 | 603650 |
| 3.10%, 08/16/49 | &nbsp;&nbsp; 1497 | 1050212 |
| 3.45%, 04/15/51 | &nbsp;&nbsp; 2778 | 2036487 |
| 3.57%, 03/06/45 | &nbsp;&nbsp; 771 | 619096 |
| 4.11%, 03/01/46 | &nbsp;&nbsp; 2571 | 2196018 |
| 4.23%, 03/19/40 | &nbsp;&nbsp; 1912 | 1783269 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 4.33%, 03/19/50 | &nbsp;&nbsp; $2799 | $2396869 |
| Hess Corp. |  |  |
| 5.60%, 02/15/41 | &nbsp;&nbsp; 1179 | 1240293 |
| 5.80%, 04/01/47 | &nbsp;&nbsp; 685 | 718373 |
| 6.00%, 01/15/40 | &nbsp;&nbsp; 599 | 656434 |
| KazMunayGas National Co. JSC |  |  |
| 5.75%, 04/19/47<sup>(b)</sup> | &nbsp;&nbsp; 1115 | 1072181 |
| 6.38%, 10/24/48<sup>(b)</sup> | &nbsp;&nbsp; 1100 | 1126452 |
| Marathon Petroleum Corp. |  |  |
| 4.50%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp; 716 | 590034 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 695 | 614015 |
| 5.00%, 09/15/54 | &nbsp;&nbsp; 378 | 327363 |
| 5.85%, 12/15/45 | &nbsp;&nbsp; 204 | 204522 |
| 6.50%, 03/01/41 | &nbsp;&nbsp; 1133 | 1240270 |
| Motiva Enterprises LLC, 6.85%, 01/15/40<sup>(b)</sup> | &nbsp;&nbsp; 646 | 718454 |
| Occidental Petroleum Corp. |  |  |
| 0.00%, 10/10/36<sup>(f)</sup> | &nbsp;&nbsp; 1045 | 646565 |
| 4.10%, 02/15/47 | &nbsp;&nbsp; 211 | 158530 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 405 | 314279 |
| 4.40%, 04/15/46 | &nbsp;&nbsp; 172 | 140757 |
| 4.40%, 08/15/49 | &nbsp;&nbsp; 359 | 275274 |
| 4.63%, 06/15/45<sup>(a)</sup> | &nbsp;&nbsp; 151 | 124296 |
| 6.05%, 10/01/54 | &nbsp;&nbsp; 990 | 985310 |
| 6.20%, 03/15/40 | &nbsp;&nbsp; 675 | 703534 |
| 6.45%, 09/15/36 | &nbsp;&nbsp; 2301 | 2506373 |
| 6.60%, 03/15/46 | &nbsp;&nbsp; 1084 | 1151650 |
| 7.95%, 06/15/39 | &nbsp;&nbsp; 630 | 760983 |
| Ovintiv, Inc. |  |  |
| 6.50%, 02/01/38 | &nbsp;&nbsp; 455 | 491619 |
| 6.63%, 08/15/37 | &nbsp;&nbsp; 275 | 301016 |
| 7.10%, 07/15/53 | &nbsp;&nbsp; 434 | 484325 |
| Pertamina Persero PT |  |  |
| 4.15%, 02/25/60<sup>(b)</sup> | &nbsp;&nbsp; 702 | 516023 |
| 4.18%, 01/21/50<sup>(b)</sup> | &nbsp;&nbsp; 865 | 669575 |
| 4.70%, 07/30/49<sup>(b)</sup> | &nbsp;&nbsp; 696 | 584244 |
| 5.63%, 05/20/43<sup>(b)</sup> | &nbsp;&nbsp; 1347 | 1303052 |
| 6.00%, 05/03/42<sup>(b)</sup> | &nbsp;&nbsp; 1252 | 1259990 |
| 6.45%, 05/30/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 1468 | 1552226 |
| 6.50%, 05/27/41<sup>(b)</sup> | &nbsp;&nbsp; 590 | 630431 |
| 6.50%, 11/07/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 839 | 888305 |
| Petronas Capital Ltd. |  |  |
| 3.40%, 04/28/61<sup>(b)</sup> | &nbsp;&nbsp; 1990 | 1379110 |
| 4.50%, 03/18/45<sup>(b)</sup> | &nbsp;&nbsp; 1659 | 1507235 |
| 4.55%, 04/21/50<sup>(b)</sup> | &nbsp;&nbsp; 3006 | 2701211 |
| 4.80%, 04/21/60<sup>(a)(b)</sup> | &nbsp;&nbsp; 1298 | 1184037 |
| 5.85%, 04/03/55<sup>(b)</sup> | &nbsp;&nbsp; 875 | 932063 |
| Phillips 66 |  |  |
| 3.30%, 03/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1019 | 682325 |
| 4.88%, 11/15/44 | &nbsp;&nbsp; 1605 | 1446407 |
| 5.88%, 05/01/42 | &nbsp;&nbsp; 1424 | 1464567 |
| Phillips 66 Co. |  |  |
| 4.68%, 02/15/45 | &nbsp;&nbsp; 414 | 361259 |
| 4.90%, 10/01/46 | &nbsp;&nbsp; 828 | 740794 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 580 | 549611 |
| 5.65%, 06/15/54<sup>(a)</sup> | &nbsp;&nbsp; 515 | 496691 |
| Series B, 6.20%, 03/15/56, (5-year CMT + <br> 2.17%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 50 | 50679 |
| Pluspetrol Camisea SA/Pluspetrol Lote 56 SA, <br> 6.24%, 07/03/36<sup>(b)</sup><br>| &nbsp;&nbsp; 50 | 53577 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| PTT Treasury Center Co. Ltd. |  |  |
| 3.70%, 07/16/70<sup>(a)(b)</sup> | &nbsp;&nbsp; $710 | $510177 |
| 4.50%, 10/25/42<sup>(b)</sup> | &nbsp;&nbsp; 205 | 184799 |
| PTTEP Treasury Center Co. Ltd. |  |  |
| 3.90%, 12/06/59<sup>(b)</sup> | &nbsp;&nbsp; 600 | 469185 |
| 6.35%, 06/12/42<sup>(a)(b)</sup> | &nbsp;&nbsp; 595 | 658531 |
| Qatar Energy |  |  |
| 3.13%, 07/12/41<sup>(b)</sup> | &nbsp;&nbsp; 3837 | 3021768 |
| 3.30%, 07/12/51<sup>(b)</sup> | &nbsp;&nbsp; 3863 | 2760036 |
| Reliance Industries Ltd. |  |  |
| 3.63%, 01/12/52<sup>(b)</sup> | &nbsp;&nbsp; 1727 | 1293955 |
| 3.75%, 01/12/62<sup>(b)</sup> | &nbsp;&nbsp; 1026 | 755967 |
| 4.88%, 02/10/45<sup>(b)</sup> | &nbsp;&nbsp; 410 | 393299 |
| 6.25%, 10/19/40<sup>(b)</sup> | &nbsp;&nbsp; 90 | 102004 |
| Saudi Arabian Oil Co. |  |  |
| 3.25%, 11/24/50<sup>(b)</sup> | &nbsp;&nbsp; 1976 | 1325337 |
| 3.50%, 11/24/70<sup>(b)</sup> | &nbsp;&nbsp; 2090 | 1322874 |
| 4.25%, 04/16/39<sup>(a)(b)</sup> | &nbsp;&nbsp; 3008 | 2751147 |
| 4.38%, 04/16/49<sup>(b)</sup> | &nbsp;&nbsp; 2658 | 2225076 |
| 5.75%, 07/17/54<sup>(b)</sup> | &nbsp;&nbsp; 1997 | 1945665 |
| 5.88%, 07/17/64<sup>(b)</sup> | &nbsp;&nbsp; 1445 | 1403781 |
| 6.38%, 06/02/55<sup>(b)</sup> | &nbsp;&nbsp; 1255 | 1322597 |
| Shell Finance U.S., Inc. |  |  |
| 3.00%, 11/26/51<sup>(b)</sup> | &nbsp;&nbsp; 709 | 469717 |
| 3.13%, 11/07/49<sup>(b)</sup> | &nbsp;&nbsp; 1239 | 859409 |
| 3.25%, 04/06/50<sup>(a)</sup> | &nbsp;&nbsp; 1726 | 1217875 |
| 3.75%, 09/12/46 | &nbsp;&nbsp; 1154 | 915727 |
| 4.00%, 05/10/46 | &nbsp;&nbsp; 1878 | 1553298 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 2400 | 2101775 |
| 4.55%, 08/12/43 | &nbsp;&nbsp; 947 | 866128 |
| 5.13%, 10/15/41<sup>(b)</sup> | &nbsp;&nbsp; 689 | 686607 |
| 5.50%, 03/25/40<sup>(b)</sup> | &nbsp;&nbsp; 1256 | 1309259 |
| 6.38%, 12/15/38<sup>(b)</sup> | &nbsp;&nbsp; 2491 | 2825608 |
| Shell International Finance BV |  |  |
| 2.88%, 11/26/41 | &nbsp;&nbsp; 505 | 380523 |
| 3.13%, 11/07/49<sup>(a)</sup> | &nbsp;&nbsp; 80 | 56118 |
| 3.25%, 04/06/50 | &nbsp;&nbsp; 465 | 327370 |
| 3.63%, 08/21/42 | &nbsp;&nbsp; 495 | 404495 |
| 4.00%, 05/10/46 | &nbsp;&nbsp; 650 | 537517 |
| 4.38%, 05/11/45 | &nbsp;&nbsp; 490 | 429330 |
| 4.55%, 08/12/43 | &nbsp;&nbsp; 220 | 199036 |
| 6.38%, 12/15/38<sup>(a)</sup> | &nbsp;&nbsp; 240 | 271681 |
| Sinopec Capital 2013 Ltd., 4.25%, 04/24/43<sup>(b)</sup> | &nbsp;&nbsp; 425 | 395463 |
| Sinopec Group Overseas Development 2012 Ltd., <br> 4.88%, 05/17/42<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1148 | 1156082 |
| Sinopec Group Overseas Development 2013 Ltd., <br> 5.38%, 10/17/43<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 530 | 564875 |
| Sinopec Group Overseas Development 2015 Ltd., <br> 4.10%, 04/28/45<sup>(b)</sup><br>| &nbsp;&nbsp; 855 | 776205 |
| Sinopec Group Overseas Development 2016 Ltd., <br> 4.25%, 05/03/46<sup>(b)</sup><br>| &nbsp;&nbsp; 555 | 514714 |
| Sinopec Group Overseas Development 2017 Ltd. |  |  |
| 4.00%, 09/13/47<sup>(b)</sup> | &nbsp;&nbsp; 445 | 394171 |
| 4.25%, 04/12/47<sup>(b)</sup> | &nbsp;&nbsp; 270 | 248707 |
| Sinopec Group Overseas Development 2018 Ltd. |  |  |
| 3.10%, 01/08/51<sup>(b)</sup> | &nbsp;&nbsp; 595 | 447738 |
| 3.35%, 05/13/50<sup>(b)</sup> | &nbsp;&nbsp; 480 | 379326 |
| 3.44%, 11/12/49<sup>(b)</sup> | &nbsp;&nbsp; 290 | 233406 |
| 3.68%, 08/08/49<sup>(b)</sup> | &nbsp;&nbsp; 345 | 287993 |
| 4.60%, 09/12/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 508 | 493552 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Suncor Energy, Inc. |  |  |
| 3.75%, 03/04/51<sup>(a)</sup> | &nbsp;&nbsp; $797 | $582081 |
| 4.00%, 11/15/47<sup>(a)</sup> | &nbsp;&nbsp; 1001 | 782133 |
| 6.50%, 06/15/38 | &nbsp;&nbsp; 460 | 504778 |
| 6.80%, 05/15/38 | &nbsp;&nbsp; 531 | 601141 |
| 6.85%, 06/01/39 | &nbsp;&nbsp; 825 | 928018 |
| Thaioil Treasury Center Co. Ltd., 3.75%, <br> 06/18/50<sup>(b)</sup><br>| &nbsp;&nbsp; 530 | 398815 |
| TotalEnergies Capital International SA |  |  |
| 2.99%, 06/29/41 | &nbsp;&nbsp; 594 | 458359 |
| 3.13%, 05/29/50 | &nbsp;&nbsp; 2573 | 1762318 |
| 3.39%, 06/29/60 | &nbsp;&nbsp; 944 | 626644 |
| 3.46%, 07/12/49 | &nbsp;&nbsp; 1165 | 854998 |
| TotalEnergies Capital SA |  |  |
| 5.28%, 09/10/54 | &nbsp;&nbsp; 1025 | 984515 |
| 5.43%, 09/10/64 | &nbsp;&nbsp; 1267 | 1210564 |
| 5.49%, 04/05/54 | &nbsp;&nbsp; 1703 | 1683269 |
| 5.64%, 04/05/64 | &nbsp;&nbsp; 930 | 921301 |
| Valero Energy Corp. |  |  |
| 3.65%, 12/01/51<sup>(a)</sup> | &nbsp;&nbsp; 860 | 612118 |
| 4.00%, 06/01/52<sup>(a)</sup> | &nbsp;&nbsp; 490 | 370780 |
| 4.90%, 03/15/45 | &nbsp;&nbsp; 516 | 473428 |
| 6.63%, 06/15/37 | &nbsp;&nbsp; 1238 | 1392314 |
| Woodside Finance Ltd., 5.70%, 09/12/54<sup>(a)</sup> | &nbsp;&nbsp; 805 | 775571 |
| XTO Energy, Inc., 6.75%, 08/01/37 | &nbsp;&nbsp; 195 | 230676 |
|  |  | 161410501 |
| **Oil & Gas Services — 0.3%** | **Oil & Gas Services — 0.3%** | **Oil & Gas Services — 0.3%** |
| Baker Hughes Holdings LLC, 5.13%, 09/15/40 | &nbsp;&nbsp; 1009 | 1003196 |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc., 4.08%, 12/15/47<br>| &nbsp;&nbsp; 1546 | 1256347 |
| Halliburton Co. |  |  |
| 4.50%, 11/15/41 | &nbsp;&nbsp; 302 | 275296 |
| 4.75%, 08/01/43 | &nbsp;&nbsp; 817 | 741266 |
| 5.00%, 11/15/45 | &nbsp;&nbsp; 1808 | 1661619 |
| 6.70%, 09/15/38 | &nbsp;&nbsp; 723 | 825173 |
| 7.45%, 09/15/39 | &nbsp;&nbsp; 893 | 1078422 |
| NOV, Inc., 3.95%, 12/01/42 | &nbsp;&nbsp; 900 | 728888 |
|  |  | 7570207 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Packaging Corp. of America |  |  |
| 3.05%, 10/01/51 | &nbsp;&nbsp; 525 | 346635 |
| 4.05%, 12/15/49 | &nbsp;&nbsp; 353 | 285042 |
| Smurfit Kappa Treasury ULC, 5.78%, 04/03/54<sup>(a)</sup> | &nbsp;&nbsp; 885 | 894326 |
| Sonoco Products Co., 5.75%, 11/01/40<sup>(a)</sup> | &nbsp;&nbsp; 470 | 488196 |
| Stora Enso OYJ, 7.25%, 04/15/36<sup>(a)(b)</sup> | &nbsp;&nbsp; 215 | 238110 |
|  |  | 2252309 |
| **Pharmaceuticals — 6.6%** | **Pharmaceuticals — 6.6%** | **Pharmaceuticals — 6.6%** |
| AbbVie, Inc. |  |  |
| 4.05%, 11/21/39 | &nbsp;&nbsp; 4124 | 3732982 |
| 4.25%, 11/21/49 | &nbsp;&nbsp; 5782 | 4864826 |
| 4.30%, 05/14/36 | &nbsp;&nbsp; 1244 | 1206640 |
| 4.40%, 11/06/42 | &nbsp;&nbsp; 2663 | 2416611 |
| 4.45%, 05/14/46 | &nbsp;&nbsp; 2146 | 1900404 |
| 4.63%, 10/01/42 | &nbsp;&nbsp; 607 | 567693 |
| 4.70%, 05/14/45 | &nbsp;&nbsp; 2842 | 2609455 |
| 4.75%, 03/15/45 | &nbsp;&nbsp; 1064 | 985476 |
| 4.85%, 06/15/44 | &nbsp;&nbsp; 1114 | 1048649 |
| 4.88%, 11/14/48 | &nbsp;&nbsp; 1900 | 1755615 |
| 5.35%, 03/15/44 | &nbsp;&nbsp; 900 | 902354 |
| 5.40%, 03/15/54<sup>(a)</sup> | &nbsp;&nbsp; 2865 | 2813663 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 5.50%, 03/15/64 | &nbsp;&nbsp; $1545 | $1519948 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 370 | 372282 |
| 5.60%, 03/15/55 | &nbsp;&nbsp; 535 | 541337 |
| 5.65%, 03/15/66 | &nbsp;&nbsp; 1130 | 1137519 |
| AstraZeneca PLC |  |  |
| 2.13%, 08/06/50 | &nbsp;&nbsp; 459 | 262448 |
| 3.00%, 05/28/51 | &nbsp;&nbsp; 501 | 344212 |
| 4.00%, 09/18/42 | &nbsp;&nbsp; 991 | 864780 |
| 4.38%, 11/16/45 | &nbsp;&nbsp; 907 | 811862 |
| 4.38%, 08/17/48 | &nbsp;&nbsp; 572 | 506859 |
| 6.45%, 09/15/37 | &nbsp;&nbsp; 2980 | 3418119 |
| Bayer U.S. Finance II LLC |  |  |
| 3.95%, 04/15/45<sup>(b)</sup> | &nbsp;&nbsp; 245 | 186588 |
| 4.40%, 07/15/44<sup>(b)</sup> | &nbsp;&nbsp; 710 | 582856 |
| 4.63%, 06/25/38<sup>(a)(b)</sup> | &nbsp;&nbsp; 1256 | 1165610 |
| 4.65%, 11/15/43<sup>(a)(b)</sup> | &nbsp;&nbsp; 580 | 479954 |
| 4.70%, 07/15/64<sup>(b)</sup> | &nbsp;&nbsp; 590 | 464322 |
| 4.88%, 06/25/48<sup>(b)</sup> | &nbsp;&nbsp; 1978 | 1696918 |
| Bayer U.S. Finance LLC, 6.88%, 11/21/53<sup>(b)</sup> | &nbsp;&nbsp; 685 | 748325 |
| Becton Dickinson & Co., 3.79%, 05/20/50 | &nbsp;&nbsp; 645 | 495550 |
| Bristol-Myers Squibb Co. |  |  |
| 2.35%, 11/13/40<sup>(a)</sup> | &nbsp;&nbsp; 886 | 640489 |
| 2.55%, 11/13/50 | &nbsp;&nbsp; 1423 | 860529 |
| 3.25%, 08/01/42 | &nbsp;&nbsp; 465 | 363974 |
| 3.55%, 03/15/42 | &nbsp;&nbsp; 1325 | 1087121 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 2062 | 1540441 |
| 3.90%, 03/15/62 | &nbsp;&nbsp; 661 | 487977 |
| 4.13%, 06/15/39 | &nbsp;&nbsp; 2020 | 1856782 |
| 4.25%, 10/26/49 | &nbsp;&nbsp; 3654 | 3039727 |
| 4.35%, 11/15/47 | &nbsp;&nbsp; 1171 | 1003045 |
| 4.50%, 03/01/44 | &nbsp;&nbsp; 589 | 529971 |
| 4.55%, 02/20/48 | &nbsp;&nbsp; 1193 | 1044837 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 874 | 798900 |
| 5.00%, 08/15/45 | &nbsp;&nbsp; 834 | 794703 |
| 5.50%, 02/22/44 | &nbsp;&nbsp; 605 | 618604 |
| 5.55%, 02/22/54 | &nbsp;&nbsp; 2783 | 2760931 |
| 5.65%, 02/22/64<sup>(a)</sup> | &nbsp;&nbsp; 325 | 326356 |
| 5.88%, 11/15/36 | &nbsp;&nbsp; 236 | 258169 |
| 6.25%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 425 | 469081 |
| 6.40%, 11/15/63<sup>(a)</sup> | &nbsp;&nbsp; 280 | 312672 |
| Cardinal Health, Inc. |  |  |
| 4.37%, 06/15/47 | &nbsp;&nbsp; 371 | 314408 |
| 4.50%, 11/15/44 | &nbsp;&nbsp; 288 | 250942 |
| 4.60%, 03/15/43 | &nbsp;&nbsp; 302 | 271188 |
| 4.90%, 09/15/45 | &nbsp;&nbsp; 442 | 405466 |
| 5.75%, 11/15/54 | &nbsp;&nbsp; 525 | 530371 |
| Cencora, Inc. |  |  |
| 4.25%, 03/01/45 | &nbsp;&nbsp; 384 | 332380 |
| 4.30%, 12/15/47 | &nbsp;&nbsp; 289 | 248685 |
| 5.65%, 02/13/56 | &nbsp;&nbsp; 350 | 351936 |
| CVS Health Corp. |  |  |
| 2.70%, 08/21/40 | &nbsp;&nbsp; 520 | 379615 |
| 4.13%, 04/01/40 | &nbsp;&nbsp; 831 | 722951 |
| 4.25%, 04/01/50 | &nbsp;&nbsp; 312 | 246859 |
| 4.78%, 03/25/38 | &nbsp;&nbsp; 5165 | 4935131 |
| 5.05%, 03/25/48 | &nbsp;&nbsp; 7862 | 7010563 |
| 5.13%, 07/20/45 | &nbsp;&nbsp; 3466 | 3171940 |
| 5.30%, 12/05/43 | &nbsp;&nbsp; 1058 | 997935 |
| 5.63%, 02/21/53 | &nbsp;&nbsp; 1414 | 1345871 |
| 5.88%, 06/01/53<sup>(a)</sup> | &nbsp;&nbsp; 1498 | 1468839 |
| 6.00%, 06/01/44 | &nbsp;&nbsp; 841 | 853933 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 6.00%, 06/01/63<sup>(a)</sup> | &nbsp;&nbsp; $826 | $810380 |
| 6.05%, 06/01/54 | &nbsp;&nbsp; 1190 | 1196220 |
| 6.13%, 09/15/39<sup>(a)</sup> | &nbsp;&nbsp; 605 | 642342 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 995 | 1019983 |
| 6.25%, 09/15/65 | &nbsp;&nbsp; 650 | 659003 |
| Eli Lilly & Co. |  |  |
| 2.25%, 05/15/50 | &nbsp;&nbsp; 1094 | 640617 |
| 2.50%, 09/15/60 | &nbsp;&nbsp; 985 | 547577 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 258 | 210003 |
| 3.95%, 05/15/47<sup>(a)</sup> | &nbsp;&nbsp; 285 | 235912 |
| 3.95%, 03/15/49 | &nbsp;&nbsp; 879 | 718990 |
| 4.15%, 03/15/59 | &nbsp;&nbsp; 604 | 486522 |
| 4.88%, 02/27/53 | &nbsp;&nbsp; 1382 | 1272228 |
| 4.95%, 02/27/63 | &nbsp;&nbsp; 1182 | 1074452 |
| 5.00%, 02/09/54 | &nbsp;&nbsp; 1482 | 1391986 |
| 5.05%, 08/14/54 | &nbsp;&nbsp; 1325 | 1253534 |
| 5.10%, 02/09/64 | &nbsp;&nbsp; 1753 | 1630732 |
| 5.20%, 08/14/64 | &nbsp;&nbsp; 1036 | 977499 |
| 5.50%, 02/12/55 | &nbsp;&nbsp; 1220 | 1228989 |
| 5.55%, 03/15/37<sup>(a)</sup> | &nbsp;&nbsp; 410 | 444509 |
| 5.55%, 10/15/55 | &nbsp;&nbsp; 1005 | 1021574 |
| 5.60%, 02/12/65 | &nbsp;&nbsp; 1065 | 1072326 |
| 5.65%, 10/15/65 | &nbsp;&nbsp; 1025 | 1037645 |
| 5.95%, 11/15/37<sup>(a)</sup> | &nbsp;&nbsp; 305 | 340863 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 4.20%, 03/18/43<sup>(a)</sup> | &nbsp;&nbsp; 349 | 313110 |
| 6.38%, 05/15/38 | &nbsp;&nbsp; 2803 | 3196145 |
| Johnson & Johnson |  |  |
| 2.10%, 09/01/40 | &nbsp;&nbsp; 1354 | 977017 |
| 2.25%, 09/01/50 | &nbsp;&nbsp; 1153 | 691463 |
| 2.45%, 09/01/60 | &nbsp;&nbsp; 1481 | 828980 |
| 3.40%, 01/15/38 | &nbsp;&nbsp; 1080 | 963078 |
| 3.50%, 01/15/48 | &nbsp;&nbsp; 706 | 552874 |
| 3.55%, 03/01/36 | &nbsp;&nbsp; 935 | 870780 |
| 3.63%, 03/03/37 | &nbsp;&nbsp; 1683 | 1550998 |
| 3.70%, 03/01/46 | &nbsp;&nbsp; 2029 | 1665141 |
| 3.75%, 03/03/47 | &nbsp;&nbsp; 936 | 763410 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 826 | 805253 |
| 4.50%, 12/05/43 | &nbsp;&nbsp; 254 | 240806 |
| 4.85%, 05/15/41 | &nbsp;&nbsp; 244 | 245529 |
| 5.25%, 06/01/54<sup>(a)</sup> | &nbsp;&nbsp; 715 | 724600 |
| 5.85%, 07/15/38<sup>(a)</sup> | &nbsp;&nbsp; 857 | 956479 |
| 5.95%, 08/15/37 | &nbsp;&nbsp; 949 | 1064940 |
| McKesson Corp., 4.88%, 03/15/44 | &nbsp;&nbsp; 196 | 181214 |
| Mead Johnson Nutrition Co., 4.60%, 06/01/44 | &nbsp;&nbsp; 416 | 378305 |
| Merck & Co., Inc. |  |  |
| 2.35%, 06/24/40 | &nbsp;&nbsp; 1070 | 784868 |
| 2.45%, 06/24/50<sup>(a)</sup> | &nbsp;&nbsp; 1049 | 631960 |
| 2.75%, 12/10/51 | &nbsp;&nbsp; 2189 | 1378566 |
| 2.90%, 12/10/61 | &nbsp;&nbsp; 1307 | 775150 |
| 3.60%, 09/15/42 | &nbsp;&nbsp; 571 | 470645 |
| 3.70%, 02/10/45 | &nbsp;&nbsp; 2138 | 1728826 |
| 3.90%, 03/07/39 | &nbsp;&nbsp; 1086 | 987824 |
| 4.00%, 03/07/49 | &nbsp;&nbsp; 1407 | 1145656 |
| 4.15%, 05/18/43 | &nbsp;&nbsp; 1174 | 1030812 |
| 4.90%, 05/17/44 | &nbsp;&nbsp; 765 | 729931 |
| 5.00%, 05/17/53 | &nbsp;&nbsp; 1700 | 1581793 |
| 5.15%, 05/17/63 | &nbsp;&nbsp; 1188 | 1103672 |
| 5.50%, 03/15/46 | &nbsp;&nbsp; 800 | 809448 |
| 5.55%, 12/04/55 | &nbsp;&nbsp; 1025 | 1027842 |
| 5.70%, 09/15/55 | &nbsp;&nbsp; 1185 | 1211896 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 5.70%, 12/04/65<sup>(a)</sup> | &nbsp;&nbsp; $1250 | $1254908 |
| 6.55%, 09/15/37 | &nbsp;&nbsp; 415 | 480171 |
| Merck Sharp & Dohme Corp. |  |  |
| 5.75%, 11/15/36<sup>(a)</sup> | &nbsp;&nbsp; 333 | 367411 |
| 5.85%, 06/30/39 | &nbsp;&nbsp; 281 | 306751 |
| Mylan, Inc. |  |  |
| 5.20%, 04/15/48<sup>(a)</sup> | &nbsp;&nbsp; 444 | 369729 |
| 5.40%, 11/29/43 | &nbsp;&nbsp; 335 | 295289 |
| Novartis Capital Corp. |  |  |
| 2.75%, 08/14/50 | &nbsp;&nbsp; 1038 | 681324 |
| 3.70%, 09/21/42 | &nbsp;&nbsp; 562 | 472588 |
| 4.00%, 11/20/45 | &nbsp;&nbsp; 1130 | 964019 |
| 4.40%, 05/06/44 | &nbsp;&nbsp; 1697 | 1543721 |
| 4.70%, 09/18/54 | &nbsp;&nbsp; 720 | 652213 |
| 5.20%, 11/05/45 | &nbsp;&nbsp; 275 | 272300 |
| 5.30%, 11/05/55<sup>(a)</sup> | &nbsp;&nbsp; 430 | 425996 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 5.11%, 05/19/43 | &nbsp;&nbsp; 2876 | 2798860 |
| 5.30%, 05/19/53 | &nbsp;&nbsp; 5835 | 5586873 |
| 5.34%, 05/19/63 | &nbsp;&nbsp; 4047 | 3797938 |
| Pfizer, Inc. |  |  |
| 2.55%, 05/28/40 | &nbsp;&nbsp; 1624 | 1218749 |
| 2.70%, 05/28/50<sup>(a)</sup> | &nbsp;&nbsp; 1268 | 811691 |
| 3.90%, 03/15/39 | &nbsp;&nbsp; 1253 | 1128759 |
| 4.00%, 12/15/36<sup>(a)</sup> | &nbsp;&nbsp; 1872 | 1775204 |
| 4.00%, 03/15/49 | &nbsp;&nbsp; 1176 | 954795 |
| 4.10%, 09/15/38 | &nbsp;&nbsp; 1341 | 1244829 |
| 4.13%, 12/15/46 | &nbsp;&nbsp; 985 | 825810 |
| 4.20%, 09/15/48 | &nbsp;&nbsp; 1006 | 846650 |
| 4.30%, 06/15/43 | &nbsp;&nbsp; 754 | 672613 |
| 4.40%, 05/15/44 | &nbsp;&nbsp; 917 | 833416 |
| 5.60%, 09/15/40<sup>(a)</sup> | &nbsp;&nbsp; 840 | 885522 |
| 5.60%, 11/15/55<sup>(a)</sup> | &nbsp;&nbsp; 455 | 458822 |
| 5.70%, 11/15/65 | &nbsp;&nbsp; 690 | 685725 |
| 7.20%, 03/15/39 | &nbsp;&nbsp; 2823 | 3410250 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| 3.03%, 07/09/40 | &nbsp;&nbsp; 1605 | 1253368 |
| 3.18%, 07/09/50 | &nbsp;&nbsp; 1688 | 1157907 |
| 3.38%, 07/09/60<sup>(a)</sup> | &nbsp;&nbsp; 977 | 641585 |
| 5.65%, 07/05/44 | &nbsp;&nbsp; 825 | 843350 |
| 5.65%, 07/05/54<sup>(a)</sup> | &nbsp;&nbsp; 620 | 619390 |
| 5.80%, 07/05/64 | &nbsp;&nbsp; 800 | 807676 |
| Takeda U.S. Financing, Inc., 5.90%, 07/07/55<sup>(a)</sup> | &nbsp;&nbsp; 625 | 645008 |
| Utah Acquisition Sub, Inc., 5.25%, 06/15/46 | &nbsp;&nbsp; 908 | 764960 |
| Viatris, Inc. |  |  |
| 3.85%, 06/22/40 | &nbsp;&nbsp; 1288 | 1014025 |
| 4.00%, 06/22/50 | &nbsp;&nbsp; 1683 | 1152594 |
| Wyeth LLC, 5.95%, 04/01/37 | &nbsp;&nbsp; 1506 | 1647175 |
| Zoetis, Inc. |  |  |
| 3.00%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 434 | 293968 |
| 3.95%, 09/12/47<sup>(a)</sup> | &nbsp;&nbsp; 417 | 344207 |
| 4.45%, 08/20/48<sup>(a)</sup> | &nbsp;&nbsp; 357 | 312998 |
| 4.70%, 02/01/43 | &nbsp;&nbsp; 979 | 910558 |
|  |  | 183751771 |
| **Pipelines — 4.8%** | **Pipelines — 4.8%** | **Pipelines — 4.8%** |
| Abu Dhabi Crude Oil Pipeline LLC, 4.60%, <br> 11/02/47<sup>(b)</sup><br>| &nbsp;&nbsp; 2236 | 2077898 |
| Cameron LNG LLC |  |  |
| 3.40%, 01/15/38<sup>(b)</sup> | &nbsp;&nbsp; 168 | 149640 |
| 3.70%, 01/15/39<sup>(b)</sup> | &nbsp;&nbsp; 790 | 687119 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Cheniere Corpus Christi Holdings LLC, 2.74%, <br> 12/31/39<br>| &nbsp;&nbsp; $197 | $171330 |
| Colonial Pipeline Co. |  |  |
| 4.20%, 04/15/43<sup>(a)(b)</sup> | &nbsp;&nbsp; 200 | 160280 |
| 4.25%, 04/15/48<sup>(b)</sup> | &nbsp;&nbsp; 696 | 550566 |
| 6.38%, 08/01/37<sup>(b)</sup> | &nbsp;&nbsp; 195 | 205296 |
| Columbia Pipeline Group, Inc., 5.80%, 06/01/45 | &nbsp;&nbsp; 355 | 360413 |
| Columbia Pipelines Operating Co. LLC |  |  |
| 5.70%, 10/01/54<sup>(b)</sup> | &nbsp;&nbsp; 360 | 353148 |
| 5.96%, 02/15/55<sup>(b)</sup> | &nbsp;&nbsp; 475 | 482391 |
| 6.50%, 08/15/43<sup>(b)</sup> | &nbsp;&nbsp; 586 | 633177 |
| 6.54%, 11/15/53<sup>(a)(b)</sup> | &nbsp;&nbsp; 1282 | 1398116 |
| 6.71%, 08/15/63<sup>(a)(b)</sup> | &nbsp;&nbsp; 661 | 733558 |
| DCP Midstream Operating LP |  |  |
| 5.60%, 04/01/44 | &nbsp;&nbsp; 232 | 229831 |
| 6.45%, 11/03/36<sup>(b)</sup> | &nbsp;&nbsp; 190 | 207034 |
| 6.75%, 09/15/37<sup>(b)</sup> | &nbsp;&nbsp; 418 | 465673 |
| Eastern Energy Gas Holdings LLC |  |  |
| 5.65%, 10/15/54 | &nbsp;&nbsp; 910 | 898947 |
| 6.20%, 01/15/55<sup>(a)</sup> | &nbsp;&nbsp; 375 | 398651 |
| Eastern Gas Transmission & Storage, Inc. |  |  |
| 3.90%, 11/15/49 | &nbsp;&nbsp; 368 | 275916 |
| 4.60%, 12/15/44 | &nbsp;&nbsp; 327 | 286142 |
| 4.80%, 11/01/43 | &nbsp;&nbsp; 302 | 273458 |
| EIG Pearl Holdings SARL |  |  |
| 3.55%, 08/31/36<sup>(b)</sup> | &nbsp;&nbsp; 290 | 269000 |
| 4.39%, 11/30/46<sup>(a)(b)</sup> | &nbsp;&nbsp; 1120 | 948506 |
| Enbridge Energy Partners LP |  |  |
| 5.50%, 09/15/40 | &nbsp;&nbsp; 242 | 245003 |
| 7.38%, 10/15/45 | &nbsp;&nbsp; 575 | 679853 |
| Series B, 7.50%, 04/15/38 | &nbsp;&nbsp; 440 | 526326 |
| Enbridge, Inc. |  |  |
| 3.40%, 08/01/51<sup>(a)</sup> | &nbsp;&nbsp; 1055 | 735237 |
| 4.00%, 11/15/49<sup>(a)</sup> | &nbsp;&nbsp; 643 | 503858 |
| 4.50%, 06/10/44 | &nbsp;&nbsp; 428 | 371374 |
| 5.50%, 12/01/46 | &nbsp;&nbsp; 820 | 810215 |
| 5.95%, 04/05/54<sup>(a)</sup> | &nbsp;&nbsp; 1149 | 1184818 |
| 6.70%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1210 | 1360709 |
| Energy Transfer LP |  |  |
| 4.95%, 01/15/43 | &nbsp;&nbsp; 398 | 362056 |
| 5.00%, 05/15/44 | &nbsp;&nbsp; 489 | 436987 |
| 5.00%, 05/15/50 | &nbsp;&nbsp; 2047 | 1749603 |
| 5.15%, 02/01/43 | &nbsp;&nbsp; 544 | 499277 |
| 5.15%, 03/15/45 | &nbsp;&nbsp; 1042 | 942360 |
| 5.30%, 04/01/44 | &nbsp;&nbsp; 733 | 683895 |
| 5.30%, 04/15/47 | &nbsp;&nbsp; 897 | 819730 |
| 5.35%, 05/15/45 | &nbsp;&nbsp; 795 | 734137 |
| 5.40%, 10/01/47 | &nbsp;&nbsp; 1460 | 1347237 |
| 5.95%, 10/01/43 | &nbsp;&nbsp; 417 | 420241 |
| 5.95%, 05/15/54 | &nbsp;&nbsp; 1516 | 1463569 |
| 6.00%, 06/15/48 | &nbsp;&nbsp; 1045 | 1030687 |
| 6.05%, 06/01/41 | &nbsp;&nbsp; 809 | 834401 |
| 6.05%, 09/01/54 | &nbsp;&nbsp; 1467 | 1434494 |
| 6.10%, 02/15/42 | &nbsp;&nbsp; 250 | 256013 |
| 6.13%, 12/15/45 | &nbsp;&nbsp; 981 | 991662 |
| 6.20%, 04/01/55 | &nbsp;&nbsp; 1415 | 1414726 |
| 6.25%, 04/15/49 | &nbsp;&nbsp; 1792 | 1811755 |
| 6.30%, 01/15/56 | &nbsp;&nbsp; 50 | 50598 |
| 6.50%, 02/01/42 | &nbsp;&nbsp; 1024 | 1095762 |
| 6.63%, 10/15/36 | &nbsp;&nbsp; 635 | 709111 |
| 6.85%, 02/15/40 | &nbsp;&nbsp; 1110 | 1209325 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 7.50%, 07/01/38 | &nbsp;&nbsp; $774 | $910954 |
| Series 20Y, 5.80%, 06/15/38 | &nbsp;&nbsp; 685 | 711725 |
| Enterprise Products Operating LLC |  |  |
| 3.20%, 02/15/52 | &nbsp;&nbsp; 1053 | 708552 |
| 3.30%, 02/15/53 | &nbsp;&nbsp; 1097 | 748015 |
| 3.70%, 01/31/51 | &nbsp;&nbsp; 1117 | 835988 |
| 3.95%, 01/31/60 | &nbsp;&nbsp; 1608 | 1197963 |
| 4.20%, 01/31/50 | &nbsp;&nbsp; 1218 | 1000545 |
| 4.25%, 02/15/48 | &nbsp;&nbsp; 1271 | 1059571 |
| 4.45%, 02/15/43 | &nbsp;&nbsp; 1083 | 969023 |
| 4.80%, 02/01/49 | &nbsp;&nbsp; 1276 | 1147362 |
| 4.85%, 08/15/42 | &nbsp;&nbsp; 595 | 561329 |
| 4.85%, 03/15/44 | &nbsp;&nbsp; 1391 | 1297837 |
| 4.90%, 05/15/46 | &nbsp;&nbsp; 1078 | 997444 |
| 4.95%, 10/15/54 | &nbsp;&nbsp; 520 | 470088 |
| 5.10%, 02/15/45 | &nbsp;&nbsp; 1109 | 1061683 |
| 5.55%, 02/16/55<sup>(a)</sup> | &nbsp;&nbsp; 1397 | 1382520 |
| 5.70%, 02/15/42 | &nbsp;&nbsp; 596 | 618583 |
| 5.95%, 02/01/41 | &nbsp;&nbsp; 740 | 791691 |
| 6.13%, 10/15/39 | &nbsp;&nbsp; 645 | 707065 |
| 6.45%, 09/01/40<sup>(a)</sup> | &nbsp;&nbsp; 685 | 769656 |
| 7.55%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 360 | 440005 |
| Flex Intermediate Holdco LLC, 4.32%, 12/30/39<sup>(b)</sup> | &nbsp;&nbsp; 218 | 186359 |
| FLNG Liquefaction 2 LLC |  |  |
| 4.13%, 03/31/38<sup>(b)</sup> | &nbsp;&nbsp; 122 | 117360 |
| Series B, 6.17%, 12/31/39 | &nbsp;&nbsp; 30 | 31612 |
| Galaxy Pipeline Assets Bidco Ltd. |  |  |
| 2.63%, 03/31/36<sup>(b)</sup> | &nbsp;&nbsp; 482 | 428650 |
| 2.94%, 09/30/40<sup>(b)</sup> | &nbsp;&nbsp; 855 | 732993 |
| 3.25%, 09/30/40<sup>(b)</sup> | &nbsp;&nbsp; 1120 | 918112 |
| Greensaif Pipelines Bidco SARL |  |  |
| 6.13%, 02/23/38<sup>(b)</sup> | &nbsp;&nbsp; 600 | 638904 |
| 6.51%, 02/23/42<sup>(b)</sup> | &nbsp;&nbsp; 1145 | 1255734 |
| Gulfstream Natural Gas System LLC, 5.95%, <br> 10/15/45<sup>(b)</sup><br>| &nbsp;&nbsp; 162 | 168269 |
| Kinder Morgan Energy Partners LP |  |  |
| 4.70%, 11/01/42 | &nbsp;&nbsp; 368 | 334870 |
| 5.00%, 08/15/42 | &nbsp;&nbsp; 655 | 617660 |
| 5.00%, 03/01/43 | &nbsp;&nbsp; 752 | 701107 |
| 5.40%, 09/01/44 | &nbsp;&nbsp; 625 | 603751 |
| 5.50%, 03/01/44 | &nbsp;&nbsp; 769 | 754094 |
| 5.63%, 09/01/41 | &nbsp;&nbsp; 312 | 313861 |
| 6.38%, 03/01/41 | &nbsp;&nbsp; 649 | 706905 |
| 6.50%, 02/01/37 | &nbsp;&nbsp; 241 | 269547 |
| 6.50%, 09/01/39 | &nbsp;&nbsp; 656 | 726723 |
| 6.55%, 09/15/40 | &nbsp;&nbsp; 572 | 635194 |
| 6.95%, 01/15/38 | &nbsp;&nbsp; 1260 | 1451661 |
| 7.50%, 11/15/40 | &nbsp;&nbsp; 475 | 576104 |
| Kinder Morgan, Inc. |  |  |
| 3.25%, 08/01/50 | &nbsp;&nbsp; 577 | 388746 |
| 3.60%, 02/15/51 | &nbsp;&nbsp; 1104 | 792569 |
| 5.05%, 02/15/46 | &nbsp;&nbsp; 873 | 803866 |
| 5.20%, 03/01/48 | &nbsp;&nbsp; 843 | 788623 |
| 5.45%, 08/01/52<sup>(a)</sup> | &nbsp;&nbsp; 858 | 814108 |
| 5.55%, 06/01/45 | &nbsp;&nbsp; 1668 | 1649209 |
| 5.95%, 08/01/54 | &nbsp;&nbsp; 816 | 833654 |
| MPLX LP |  |  |
| 4.50%, 04/15/38 | &nbsp;&nbsp; 1605 | 1489217 |
| 4.70%, 04/15/48 | &nbsp;&nbsp; 1474 | 1243267 |
| 4.90%, 04/15/58 | &nbsp;&nbsp; 720 | 594861 |
| 4.95%, 03/14/52 | &nbsp;&nbsp; 1563 | 1342150 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.20%, 03/01/47 | &nbsp;&nbsp; $1005 | $915977 |
| 5.20%, 12/01/47 | &nbsp;&nbsp; 556 | 504274 |
| 5.50%, 02/15/49 | &nbsp;&nbsp; 1526 | 1428499 |
| 5.65%, 03/01/53 | &nbsp;&nbsp; 512 | 483340 |
| 5.95%, 04/01/55<sup>(a)</sup> | &nbsp;&nbsp; 1000 | 981753 |
| 6.10%, 04/01/56 | &nbsp;&nbsp; 520 | 519534 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 890 | 904241 |
| NGPL PipeCo LLC, 7.77%, 12/15/37<sup>(b)</sup> | &nbsp;&nbsp; 276 | 329373 |
| Northern Natural Gas Co. |  |  |
| 3.40%, 10/16/51<sup>(b)</sup> | &nbsp;&nbsp; 624 | 432460 |
| 4.10%, 09/15/42<sup>(b)</sup> | &nbsp;&nbsp; 188 | 156358 |
| 4.30%, 01/15/49<sup>(b)</sup> | &nbsp;&nbsp; 862 | 716855 |
| 5.63%, 02/01/54<sup>(b)</sup> | &nbsp;&nbsp; 557 | 549344 |
| ONEOK Partners LP |  |  |
| 6.13%, 02/01/41 | &nbsp;&nbsp; 628 | 659721 |
| 6.20%, 09/15/43 | &nbsp;&nbsp; 333 | 344528 |
| 6.65%, 10/01/36 | &nbsp;&nbsp; 635 | 705881 |
| 6.85%, 10/15/37 | &nbsp;&nbsp; 568 | 637687 |
| ONEOK, Inc. |  |  |
| 3.95%, 03/01/50 | &nbsp;&nbsp; 849 | 626070 |
| 4.20%, 12/01/42 | &nbsp;&nbsp; 226 | 184398 |
| 4.20%, 03/15/45 | &nbsp;&nbsp; 229 | 180818 |
| 4.20%, 10/03/47 | &nbsp;&nbsp; 673 | 528588 |
| 4.25%, 09/15/46 | &nbsp;&nbsp; 666 | 530782 |
| 4.45%, 09/01/49<sup>(a)</sup> | &nbsp;&nbsp; 531 | 438175 |
| 4.50%, 03/15/50 | &nbsp;&nbsp; 445 | 367342 |
| 4.85%, 02/01/49 | &nbsp;&nbsp; 750 | 642692 |
| 4.95%, 07/13/47 | &nbsp;&nbsp; 434 | 385130 |
| 5.05%, 04/01/45 | &nbsp;&nbsp; 400 | 357533 |
| 5.15%, 10/15/43 | &nbsp;&nbsp; 529 | 488345 |
| 5.20%, 07/15/48 | &nbsp;&nbsp; 633 | 577152 |
| 5.45%, 06/01/47<sup>(a)</sup> | &nbsp;&nbsp; 557 | 525977 |
| 5.60%, 04/01/44 | &nbsp;&nbsp; 310 | 297639 |
| 5.70%, 11/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1415 | 1333270 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 490 | 464939 |
| 6.25%, 10/15/55 | &nbsp;&nbsp; 1215 | 1231280 |
| 6.40%, 05/01/37 | &nbsp;&nbsp; 360 | 389594 |
| 6.63%, 09/01/53 | &nbsp;&nbsp; 1733 | 1836722 |
| 7.15%, 01/15/51 | &nbsp;&nbsp; 362 | 407121 |
| Plains All American Pipeline LP/PAA Finance Corp. |  |  |
| 4.30%, 01/31/43 | &nbsp;&nbsp; 229 | 192885 |
| 4.70%, 06/15/44<sup>(a)</sup> | &nbsp;&nbsp; 649 | 566729 |
| 4.90%, 02/15/45 | &nbsp;&nbsp; 599 | 534742 |
| 5.15%, 06/01/42 | &nbsp;&nbsp; 464 | 433118 |
| 6.65%, 01/15/37 | &nbsp;&nbsp; 497 | 549586 |
| Sabal Trail Transmission LLC |  |  |
| 4.68%, 05/01/38<sup>(b)</sup> | &nbsp;&nbsp; 444 | 428417 |
| 4.83%, 05/01/48<sup>(b)</sup> | &nbsp;&nbsp; 504 | 445749 |
| Sabine Pass Liquefaction LLC, 5.90%, 09/15/37 | &nbsp;&nbsp; 177 | 188362 |
| South Bow USA Infrastructure Holdings LLC, <br> 6.18%, 10/01/54<br>| &nbsp;&nbsp; 735 | 720198 |
| Southern Natural Gas Co. LLC, 4.80%, 03/15/47<sup>(b)</sup> | &nbsp;&nbsp; 590 | 527696 |
| Spectra Energy Partners LP |  |  |
| 4.50%, 03/15/45 | &nbsp;&nbsp; 626 | 542566 |
| 5.95%, 09/25/43 | &nbsp;&nbsp; 370 | 382644 |
| Targa Resources Corp. |  |  |
| 4.95%, 04/15/52 | &nbsp;&nbsp; 880 | 762636 |
| 5.40%, 07/30/36 | &nbsp;&nbsp; 860 | 875876 |
| 6.05%, 05/15/56 | &nbsp;&nbsp; 260 | 259448 |
| 6.13%, 05/15/55 | &nbsp;&nbsp; 1010 | 1021483 |
| 6.25%, 07/01/52 | &nbsp;&nbsp; 555 | 568759 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 6.50%, 02/15/53<sup>(a)</sup> | &nbsp;&nbsp; $887 | $941048 |
| Tennessee Gas Pipeline Co. LLC, 7.63%, <br> 04/01/37<br>| &nbsp;&nbsp; 620 | 749603 |
| Texas Eastern Transmission LP, 4.15%, <br> 01/15/48<sup>(b)</sup><br>| &nbsp;&nbsp; 473 | 384772 |
| TransCanada PipeLines Ltd. |  |  |
| 4.88%, 05/15/48<sup>(a)</sup> | &nbsp;&nbsp; 280 | 253132 |
| 5.00%, 10/16/43 | &nbsp;&nbsp; 270 | 259178 |
| 5.10%, 03/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1188 | 1135432 |
| 5.85%, 03/15/36 | &nbsp;&nbsp; 310 | 330402 |
| 6.10%, 06/01/40 | &nbsp;&nbsp; 785 | 846120 |
| 6.20%, 10/15/37 | &nbsp;&nbsp; 877 | 954409 |
| 7.25%, 08/15/38 | &nbsp;&nbsp; 765 | 896296 |
| 7.63%, 01/15/39 | &nbsp;&nbsp; 1279 | 1550482 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| 3.95%, 05/15/50 | &nbsp;&nbsp; 569 | 447884 |
| 4.45%, 08/01/42 | &nbsp;&nbsp; 450 | 402740 |
| 4.60%, 03/15/48 | &nbsp;&nbsp; 667 | 583649 |
| 5.10%, 03/15/36<sup>(b)</sup> | &nbsp;&nbsp; 175 | 178424 |
| 5.40%, 08/15/41 | &nbsp;&nbsp; 459 | 457451 |
| 5.75%, 03/15/56<sup>(b)</sup> | &nbsp;&nbsp; 635 | 639153 |
| Western Midstream Operating LP |  |  |
| 5.25%, 02/01/50 | &nbsp;&nbsp; 578 | 501983 |
| 5.30%, 03/01/48 | &nbsp;&nbsp; 825 | 728739 |
| 5.45%, 04/01/44 | &nbsp;&nbsp; 466 | 429299 |
| 5.50%, 08/15/48 | &nbsp;&nbsp; 459 | 414126 |
| Williams Companies, Inc.(The) |  |  |
| 3.50%, 10/15/51 | &nbsp;&nbsp; 796 | 561741 |
| 4.85%, 03/01/48 | &nbsp;&nbsp; 876 | 775949 |
| 4.90%, 01/15/45 | &nbsp;&nbsp; 739 | 674469 |
| 5.10%, 09/15/45 | &nbsp;&nbsp; 996 | 932190 |
| 5.30%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 867 | 810065 |
| 5.40%, 03/04/44 | &nbsp;&nbsp; 615 | 597427 |
| 5.75%, 06/24/44 | &nbsp;&nbsp; 588 | 596096 |
| 5.80%, 11/15/43 | &nbsp;&nbsp; 342 | 345078 |
| 5.80%, 11/15/54<sup>(a)</sup> | &nbsp;&nbsp; 820 | 815626 |
| 5.95%, 03/15/56<sup>(a)</sup> | &nbsp;&nbsp; 785 | 796928 |
| 6.00%, 03/15/55 | &nbsp;&nbsp; 535 | 548855 |
| 6.30%, 04/15/40 | &nbsp;&nbsp; 1049 | 1143689 |
|  |  | 132975169 |
| **Private Equity — 0.2%** | **Private Equity — 0.2%** | **Private Equity — 0.2%** |
| Apollo Management Holdings LP, 5.00%, <br> 03/15/48<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 330 | 293655 |
| Brookfield Finance, Inc., 5.81%, 03/03/55 | &nbsp;&nbsp; 580 | 566179 |
| Carlyle Finance LLC, 5.65%, 09/15/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 299 | 293751 |
| Carlyle Holdings II Finance LLC, 5.63%, <br> 03/30/43<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 719 | 707306 |
| KKR Group Finance Co. III LLC, 5.13%, <br> 06/01/44<sup>(b)</sup><br>| &nbsp;&nbsp; 1083 | 995851 |
| KKR Group Finance Co. VII LLC, 3.63%, <br> 02/25/50<sup>(b)</sup><br>| &nbsp;&nbsp; 473 | 334287 |
| KKR Group Finance Co. VIII LLC, 3.50%, <br> 08/25/50<sup>(b)</sup><br>| &nbsp;&nbsp; 811 | 559770 |
| KKR Group Finance Co. X LLC, 3.25%, <br> 12/15/51<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 811 | 527415 |
|  |  | 4278214 |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| Sinochem Overseas Capital Co. Ltd., 6.30%, <br> 11/12/40<sup>(b)</sup><br>| &nbsp;&nbsp; 485 | 561459 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts — 1.1%** | **Real Estate Investment Trusts — 1.1%** | **Real Estate Investment Trusts — 1.1%** |
| Alexandria Real Estate Equities, Inc. |  |  |
| 3.55%, 03/15/52 | &nbsp;&nbsp; $515 | $370096 |
| 4.00%, 02/01/50 | &nbsp;&nbsp; 607 | 465046 |
| 4.85%, 04/15/49 | &nbsp;&nbsp; 417 | 363788 |
| 5.15%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 633 | 574397 |
| 5.25%, 05/15/36<sup>(a)</sup> | &nbsp;&nbsp; 241 | 242199 |
| 5.63%, 05/15/54<sup>(a)</sup> | &nbsp;&nbsp; 610 | 590121 |
| American Homes 4 Rent LP |  |  |
| 3.38%, 07/15/51 | &nbsp;&nbsp; 240 | 162018 |
| 4.30%, 04/15/52 | &nbsp;&nbsp; 475 | 376906 |
| American Tower Corp. |  |  |
| 2.95%, 01/15/51 | &nbsp;&nbsp; 828 | 534983 |
| 3.10%, 06/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1137 | 763709 |
| 3.70%, 10/15/49 | &nbsp;&nbsp; 409 | 308693 |
| AvalonBay Communities, Inc. |  |  |
| 3.90%, 10/15/46 | &nbsp;&nbsp; 406 | 331371 |
| 4.15%, 07/01/47 | &nbsp;&nbsp; 325 | 273556 |
| 4.35%, 04/15/48 | &nbsp;&nbsp; 343 | 296471 |
| Camden Property Trust, 3.35%, 11/01/49 | &nbsp;&nbsp; 369 | 264984 |
| Crown Castle, Inc. |  |  |
| 2.90%, 04/01/41 | &nbsp;&nbsp; 583 | 433581 |
| 3.25%, 01/15/51 | &nbsp;&nbsp; 617 | 415478 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 377 | 290040 |
| 4.15%, 07/01/50 | &nbsp;&nbsp; 245 | 194772 |
| 4.75%, 05/15/47 | &nbsp;&nbsp; 427 | 375022 |
| 5.20%, 02/15/49 | &nbsp;&nbsp; 546 | 500941 |
| Equinix, Inc. |  |  |
| 2.95%, 09/15/51 | &nbsp;&nbsp; 293 | 185611 |
| 3.00%, 07/15/50 | &nbsp;&nbsp; 308 | 199174 |
| 3.40%, 02/15/52 | &nbsp;&nbsp; 318 | 219671 |
| ERP Operating LP |  |  |
| 4.00%, 08/01/47<sup>(a)</sup> | &nbsp;&nbsp; 300 | 246072 |
| 4.50%, 07/01/44 | &nbsp;&nbsp; 677 | 616911 |
| 4.50%, 06/01/45 | &nbsp;&nbsp; 422 | 374303 |
| Essex Portfolio LP |  |  |
| 2.65%, 09/01/50 | &nbsp;&nbsp; 334 | 202232 |
| 4.50%, 03/15/48 | &nbsp;&nbsp; 392 | 336399 |
| Federal Realty OP LP |  |  |
| 3.63%, 08/01/46<sup>(a)</sup> | &nbsp;&nbsp; 279 | 207593 |
| 4.50%, 12/01/44 | &nbsp;&nbsp; 563 | 499528 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 5.75%, 11/01/37 | &nbsp;&nbsp; 265 | 263896 |
| 6.25%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 375 | 375038 |
| Goodman U.S. Finance Four LLC, 4.50%, <br> 10/15/37<sup>(b)</sup><br>| &nbsp;&nbsp; 198 | 187582 |
| Healthpeak OP LLC, 6.75%, 02/01/41 | &nbsp;&nbsp; 194 | 215803 |
| Kimco Realty OP LLC |  |  |
| 3.70%, 10/01/49 | &nbsp;&nbsp; 387 | 294269 |
| 4.13%, 12/01/46 | &nbsp;&nbsp; 396 | 335808 |
| 4.25%, 04/01/45 | &nbsp;&nbsp; 535 | 459646 |
| 4.45%, 09/01/47 | &nbsp;&nbsp; 348 | 303821 |
| Mid-America Apartments LP, 2.88%, 09/15/51 | &nbsp;&nbsp; 375 | 241772 |
| NNN REIT, Inc. |  |  |
| 3.00%, 04/15/52 | &nbsp;&nbsp; 655 | 419724 |
| 3.10%, 04/15/50 | &nbsp;&nbsp; 435 | 289506 |
| 3.50%, 04/15/51 | &nbsp;&nbsp; 479 | 345334 |
| 4.80%, 10/15/48 | &nbsp;&nbsp; 301 | 270545 |
| Prologis LP |  |  |
| 2.13%, 10/15/50 | &nbsp;&nbsp; 388 | 213151 |
| 3.00%, 04/15/50 | &nbsp;&nbsp; 517 | 348179 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 348 | 235666 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.38%, 09/15/48 | &nbsp;&nbsp; $511 | $436105 |
| 5.25%, 06/15/53 | &nbsp;&nbsp; 1028 | 994501 |
| 5.25%, 03/15/54 | &nbsp;&nbsp; 900 | 867085 |
| Public Storage Operating Co., 5.35%, 08/01/53 | &nbsp;&nbsp; 1027 | 1006508 |
| Realty Income Corp. |  |  |
| 4.65%, 03/15/47 | &nbsp;&nbsp; 647 | 580006 |
| 5.38%, 09/01/54 | &nbsp;&nbsp; 635 | 623027 |
| Regency Centers LP |  |  |
| 4.40%, 02/01/47 | &nbsp;&nbsp; 429 | 374256 |
| 4.65%, 03/15/49 | &nbsp;&nbsp; 298 | 264852 |
| Simon Property Group LP |  |  |
| 3.25%, 09/13/49<sup>(a)</sup> | &nbsp;&nbsp; 1239 | 871255 |
| 3.80%, 07/15/50 | &nbsp;&nbsp; 724 | 557685 |
| 4.25%, 10/01/44 | &nbsp;&nbsp; 997 | 855795 |
| 4.25%, 11/30/46 | &nbsp;&nbsp; 615 | 520802 |
| 4.75%, 03/15/42 | &nbsp;&nbsp; 213 | 200557 |
| 5.85%, 03/08/53<sup>(a)</sup> | &nbsp;&nbsp; 475 | 493465 |
| 6.65%, 01/15/54<sup>(a)</sup> | &nbsp;&nbsp; 745 | 846063 |
| 6.75%, 02/01/40 | &nbsp;&nbsp; 310 | 361169 |
| Trust 2401 |  |  |
| 6.39%, 01/15/50<sup>(b)</sup> | &nbsp;&nbsp; 35 | 33997 |
| 6.95%, 01/30/44<sup>(b)</sup> | &nbsp;&nbsp; 60 | 63000 |
| Trust Fibra Uno |  |  |
| 6.39%, 01/15/50<sup>(a)(b)</sup> | &nbsp;&nbsp; 795 | 764032 |
| 6.95%, 01/30/44<sup>(a)(b)</sup> | &nbsp;&nbsp; 720 | 746050 |
| Ventas Realty LP |  |  |
| 4.38%, 02/01/45<sup>(a)</sup> | &nbsp;&nbsp; 292 | 252875 |
| 4.88%, 04/15/49 | &nbsp;&nbsp; 412 | 368238 |
| 5.70%, 09/30/43<sup>(a)</sup> | &nbsp;&nbsp; 288 | 295315 |
| VICI Properties LP |  |  |
| 5.63%, 05/15/52 | &nbsp;&nbsp; 907 | 852213 |
| 6.13%, 04/01/54<sup>(a)</sup> | &nbsp;&nbsp; 267 | 268824 |
| WEA Finance LLC, 4.63%, 09/20/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 478 | 402058 |
| WEA Finance LLC/Westfield U.K. & Europe <br> Finance PLC, 4.75%, 09/17/44<sup>(b)</sup><br>| &nbsp;&nbsp; 472 | 415568 |
| Welltower OP LLC |  |  |
| 4.95%, 09/01/48<sup>(a)</sup> | &nbsp;&nbsp; 602 | 569380 |
| 5.13%, 03/15/43<sup>(a)</sup> | &nbsp;&nbsp; 215 | 208958 |
| 6.50%, 03/15/41 | &nbsp;&nbsp; 265 | 300659 |
| Weyerhaeuser Co., 4.00%, 03/09/52 | &nbsp;&nbsp; 296 | 228402 |
|  |  | 31638106 |
| **Retail — 2.6%** | **Retail — 2.6%** | **Retail — 2.6%** |
| 7-Eleven, Inc. |  |  |
| 2.50%, 02/10/41<sup>(b)</sup> | &nbsp;&nbsp; 216 | 152610 |
| 2.80%, 02/10/51<sup>(a)(b)</sup> | &nbsp;&nbsp; 1325 | 815620 |
| Alimentation Couche-Tard, Inc. |  |  |
| 3.44%, 05/13/41<sup>(a)(b)</sup> | &nbsp;&nbsp; 596 | 486027 |
| 3.63%, 05/13/51<sup>(b)</sup> | &nbsp;&nbsp; 325 | 237701 |
| 3.80%, 01/25/50<sup>(b)</sup> | &nbsp;&nbsp; 923 | 700765 |
| 4.50%, 07/26/47<sup>(b)</sup> | &nbsp;&nbsp; 474 | 409434 |
| 5.62%, 02/12/54<sup>(a)(b)</sup> | &nbsp;&nbsp; 575 | 576606 |
| CK Hutchison International 20 Ltd., 3.38%, <br> 05/08/50<sup>(b)</sup><br>| &nbsp;&nbsp; 210 | 156334 |
| CK Hutchison International 21 Ltd., 3.13%, <br> 04/15/41<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 1595 | 1264347 |
| Darden Restaurants, Inc., 4.55%, 02/15/48 | &nbsp;&nbsp; 334 | 280836 |
| Dick's Sporting Goods, Inc., 4.10%, 01/15/52 | &nbsp;&nbsp; 693 | 505021 |
| Dollar General Corp. |  |  |
| 4.13%, 04/03/50 | &nbsp;&nbsp; 456 | 362758 |
| 5.50%, 11/01/52<sup>(a)</sup> | &nbsp;&nbsp; 255 | 249296 |
| Dollar Tree, Inc., 3.38%, 12/01/51 | &nbsp;&nbsp; 227 | 152628 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| El Puerto de Liverpool SAB de CV, 6.66%, <br> 01/22/37<sup>(b)</sup><br>| &nbsp;&nbsp; $185 | $198172 |
| Home Depot, Inc.(The) |  |  |
| 2.38%, 03/15/51 | &nbsp;&nbsp; 1244 | 723112 |
| 2.75%, 09/15/51<sup>(a)</sup> | &nbsp;&nbsp; 951 | 598612 |
| 3.13%, 12/15/49 | &nbsp;&nbsp; 1653 | 1144053 |
| 3.30%, 04/15/40 | &nbsp;&nbsp; 1101 | 914417 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 1861 | 1330694 |
| 3.50%, 09/15/56 | &nbsp;&nbsp; 1070 | 759287 |
| 3.63%, 04/15/52 | &nbsp;&nbsp; 1395 | 1037355 |
| 3.90%, 06/15/47 | &nbsp;&nbsp; 1477 | 1191189 |
| 4.20%, 04/01/43 | &nbsp;&nbsp; 1008 | 888766 |
| 4.25%, 04/01/46 | &nbsp;&nbsp; 1851 | 1593508 |
| 4.40%, 03/15/45 | &nbsp;&nbsp; 942 | 834777 |
| 4.50%, 12/06/48 | &nbsp;&nbsp; 1711 | 1498376 |
| 4.88%, 02/15/44 | &nbsp;&nbsp; 1020 | 970096 |
| 4.95%, 09/15/52<sup>(a)</sup> | &nbsp;&nbsp; 1027 | 948215 |
| 5.30%, 06/25/54<sup>(a)</sup> | &nbsp;&nbsp; 1460 | 1415647 |
| 5.40%, 09/15/40 | &nbsp;&nbsp; 414 | 429647 |
| 5.40%, 06/25/64 | &nbsp;&nbsp; 610 | 595303 |
| 5.88%, 12/16/36<sup>(a)</sup> | &nbsp;&nbsp; 2809 | 3074123 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 872 | 950691 |
| Lowe's Companies, Inc. |  |  |
| 2.80%, 09/15/41 | &nbsp;&nbsp; 1062 | 779059 |
| 3.00%, 10/15/50 | &nbsp;&nbsp; 1727 | 1121409 |
| 3.50%, 04/01/51 | &nbsp;&nbsp; 514 | 365988 |
| 3.70%, 04/15/46 | &nbsp;&nbsp; 1329 | 1026805 |
| 4.05%, 05/03/47 | &nbsp;&nbsp; 1510 | 1215426 |
| 4.25%, 04/01/52<sup>(a)</sup> | &nbsp;&nbsp; 1414 | 1129393 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 378 | 322331 |
| 4.45%, 04/01/62<sup>(a)</sup> | &nbsp;&nbsp; 1290 | 1023247 |
| 4.55%, 04/05/49 | &nbsp;&nbsp; 627 | 536908 |
| 4.65%, 04/15/42 | &nbsp;&nbsp; 509 | 470378 |
| 5.00%, 04/15/40 | &nbsp;&nbsp; 165 | 162740 |
| 5.00%, 09/15/43 | &nbsp;&nbsp; 215 | 211065 |
| 5.13%, 04/15/50 | &nbsp;&nbsp; 464 | 425604 |
| 5.63%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1390 | 1369073 |
| 5.75%, 07/01/53<sup>(a)</sup> | &nbsp;&nbsp; 484 | 486272 |
| 5.80%, 10/15/36 | &nbsp;&nbsp; 120 | 129155 |
| 5.80%, 09/15/62<sup>(a)</sup> | &nbsp;&nbsp; 1004 | 996900 |
| 5.85%, 04/01/63 | &nbsp;&nbsp; 519 | 518200 |
| Marks & Spencer PLC, 7.13%, 12/01/37<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5601 |
| McDonald's Corp. |  |  |
| 3.63%, 05/01/43 | &nbsp;&nbsp; 561 | 450401 |
| 3.63%, 09/01/49 | &nbsp;&nbsp; 2083 | 1570403 |
| 3.70%, 02/15/42 | &nbsp;&nbsp; 478 | 399474 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 1142 | 942373 |
| 4.45%, 03/01/47 | &nbsp;&nbsp; 1325 | 1159426 |
| 4.45%, 09/01/48 | &nbsp;&nbsp; 1156 | 1003105 |
| 4.60%, 05/26/45 | &nbsp;&nbsp; 1311 | 1182606 |
| 4.88%, 07/15/40 | &nbsp;&nbsp; 244 | 239022 |
| 4.88%, 12/09/45 | &nbsp;&nbsp; 2451 | 2274315 |
| 5.15%, 09/09/52<sup>(a)</sup> | &nbsp;&nbsp; 911 | 858752 |
| 5.45%, 08/14/53<sup>(a)</sup> | &nbsp;&nbsp; 498 | 491177 |
| 5.70%, 02/01/39<sup>(a)</sup> | &nbsp;&nbsp; 225 | 241336 |
| 6.30%, 10/15/37 | &nbsp;&nbsp; 762 | 860564 |
| 6.30%, 03/01/38 | &nbsp;&nbsp; 652 | 731666 |
| Starbucks Corp. |  |  |
| 3.35%, 03/12/50 | &nbsp;&nbsp; 445 | 313222 |
| 3.50%, 11/15/50<sup>(a)</sup> | &nbsp;&nbsp; 1334 | 965033 |
| 3.75%, 12/01/47 | &nbsp;&nbsp; 524 | 406637 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 4.30%, 06/15/45<sup>(a)</sup> | &nbsp;&nbsp; $301 | $259351 |
| 4.45%, 08/15/49<sup>(a)</sup> | &nbsp;&nbsp; 1023 | 873189 |
| 4.50%, 11/15/48 | &nbsp;&nbsp; 1034 | 889619 |
| Target Corp. |  |  |
| 2.95%, 01/15/52<sup>(a)</sup> | &nbsp;&nbsp; 920 | 607363 |
| 3.63%, 04/15/46 | &nbsp;&nbsp; 667 | 524726 |
| 3.90%, 11/15/47 | &nbsp;&nbsp; 620 | 499904 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 949 | 819912 |
| 4.80%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1125 | 1027542 |
| 6.50%, 10/15/37 | &nbsp;&nbsp; 124 | 142392 |
| 7.00%, 01/15/38 | &nbsp;&nbsp; 400 | 476700 |
| Tiffany & Co., 4.90%, 10/01/44 | &nbsp;&nbsp; 236 | 225734 |
| TJX Companies, Inc. (The), 4.50%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 445 | 393149 |
| Walmart, Inc. |  |  |
| 2.50%, 09/22/41 | &nbsp;&nbsp; 980 | 728706 |
| 2.65%, 09/22/51 | &nbsp;&nbsp; 1364 | 878948 |
| 2.95%, 09/24/49 | &nbsp;&nbsp; 536 | 372328 |
| 3.63%, 12/15/47 | &nbsp;&nbsp; 507 | 404151 |
| 3.95%, 06/28/38 | &nbsp;&nbsp; 484 | 458659 |
| 4.00%, 04/11/43 | &nbsp;&nbsp; 392 | 345539 |
| 4.05%, 06/29/48 | &nbsp;&nbsp; 1705 | 1444773 |
| 4.30%, 04/22/44 | &nbsp;&nbsp; 305 | 280581 |
| 4.50%, 09/09/52 | &nbsp;&nbsp; 1044 | 932003 |
| 4.50%, 04/15/53<sup>(a)</sup> | &nbsp;&nbsp; 1366 | 1220808 |
| 4.88%, 07/08/40 | &nbsp;&nbsp; 135 | 136746 |
| 5.00%, 10/25/40 | &nbsp;&nbsp; 295 | 303895 |
| 5.63%, 04/01/40 | &nbsp;&nbsp; 557 | 605709 |
| 5.63%, 04/15/41 | &nbsp;&nbsp; 590 | 637415 |
| 6.20%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 680 | 776789 |
| 6.50%, 08/15/37 | &nbsp;&nbsp; 985 | 1155880 |
|  |  | 71253600 |
| **Semiconductors — 2.1%** | **Semiconductors — 2.1%** | **Semiconductors — 2.1%** |
| Advanced Micro Devices, Inc., 4.39%, 06/01/52<sup>(a)</sup> | &nbsp;&nbsp; 201 | 172202 |
| Analog Devices, Inc. |  |  |
| 2.80%, 10/01/41 | &nbsp;&nbsp; 603 | 454153 |
| 2.95%, 10/01/51<sup>(a)</sup> | &nbsp;&nbsp; 765 | 506006 |
| 5.30%, 12/15/45<sup>(a)</sup> | &nbsp;&nbsp; 215 | 214666 |
| 5.30%, 04/01/54 | &nbsp;&nbsp; 430 | 421394 |
| Applied Materials, Inc. |  |  |
| 2.75%, 06/01/50<sup>(a)</sup> | &nbsp;&nbsp; 639 | 422529 |
| 4.35%, 04/01/47<sup>(a)</sup> | &nbsp;&nbsp; 855 | 757610 |
| 5.85%, 06/15/41 | &nbsp;&nbsp; 415 | 450107 |
| Broadcom, Inc. |  |  |
| 3.19%, 11/15/36<sup>(b)</sup> | &nbsp;&nbsp; 3359 | 2897723 |
| 3.50%, 02/15/41 | &nbsp;&nbsp; 2415 | 2000549 |
| 3.75%, 02/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1751 | 1350045 |
| 4.90%, 02/15/38 | &nbsp;&nbsp; 2270 | 2257459 |
| 4.93%, 05/15/37<sup>(b)</sup> | &nbsp;&nbsp; 3012 | 3012749 |
| 5.70%, 01/15/56 | &nbsp;&nbsp; 635 | 652062 |
| Foundry JV Holdco LLC |  |  |
| 6.20%, 01/25/37<sup>(b)</sup> | &nbsp;&nbsp; 1625 | 1740199 |
| 6.30%, 01/25/39<sup>(b)</sup> | &nbsp;&nbsp; 1055 | 1141003 |
| 6.40%, 01/25/38<sup>(b)</sup> | &nbsp;&nbsp; 1001 | 1088437 |
| Intel Corp. |  |  |
| 2.80%, 08/12/41 | &nbsp;&nbsp; 1055 | 751259 |
| 3.05%, 08/12/51<sup>(a)</sup> | &nbsp;&nbsp; 1186 | 745263 |
| 3.10%, 02/15/60 | &nbsp;&nbsp; 928 | 531053 |
| 3.20%, 08/12/61 | &nbsp;&nbsp; 720 | 418057 |
| 3.25%, 11/15/49 | &nbsp;&nbsp; 1272 | 832771 |
| 3.73%, 12/08/47 | &nbsp;&nbsp; 2221 | 1607907 |
| 4.10%, 05/19/46 | &nbsp;&nbsp; 1484 | 1153595 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 4.10%, 05/11/47 | &nbsp;&nbsp; $1111 | $858115 |
| 4.25%, 12/15/42 | &nbsp;&nbsp; 930 | 769381 |
| 4.60%, 03/25/40 | &nbsp;&nbsp; 704 | 640068 |
| 4.75%, 03/25/50 | &nbsp;&nbsp; 2468 | 2061563 |
| 4.80%, 10/01/41 | &nbsp;&nbsp; 1046 | 944450 |
| 4.90%, 07/29/45 | &nbsp;&nbsp; 1016 | 890746 |
| 4.90%, 08/05/52 | &nbsp;&nbsp; 1553 | 1310533 |
| 4.95%, 03/25/60 | &nbsp;&nbsp; 963 | 797250 |
| 5.05%, 08/05/62 | &nbsp;&nbsp; 884 | 735809 |
| 5.60%, 02/21/54<sup>(a)</sup> | &nbsp;&nbsp; 1032 | 974617 |
| 5.63%, 02/10/43 | &nbsp;&nbsp; 1370 | 1342554 |
| 5.70%, 02/10/53 | &nbsp;&nbsp; 1891 | 1795959 |
| 5.90%, 02/10/63 | &nbsp;&nbsp; 1216 | 1170010 |
| KLA Corp. |  |  |
| 3.30%, 03/01/50 | &nbsp;&nbsp; 704 | 499907 |
| 4.95%, 07/15/52 | &nbsp;&nbsp; 1127 | 1044204 |
| 5.00%, 03/15/49 | &nbsp;&nbsp; 330 | 308842 |
| 5.25%, 07/15/62 | &nbsp;&nbsp; 773 | 730036 |
| Lam Research Corp. |  |  |
| 2.88%, 06/15/50 | &nbsp;&nbsp; 698 | 460637 |
| 3.13%, 06/15/60 | &nbsp;&nbsp; 210 | 133383 |
| 4.88%, 03/15/49 | &nbsp;&nbsp; 693 | 645157 |
| Micron Technology, Inc. |  |  |
| 3.37%, 11/01/41 | &nbsp;&nbsp; 246 | 195014 |
| 3.48%, 11/01/51 | &nbsp;&nbsp; 116 | 85071 |
| NVIDIA Corp. |  |  |
| 3.50%, 04/01/40 | &nbsp;&nbsp; 894 | 770851 |
| 3.50%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1826 | 1393776 |
| 3.70%, 04/01/60 | &nbsp;&nbsp; 433 | 325006 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 3.13%, 02/15/42 | &nbsp;&nbsp; 420 | 311779 |
| 3.25%, 05/11/41 | &nbsp;&nbsp; 876 | 673806 |
| 3.25%, 11/30/51<sup>(a)</sup> | &nbsp;&nbsp; 206 | 138259 |
| QUALCOMM, Inc. |  |  |
| 3.25%, 05/20/50<sup>(a)</sup> | &nbsp;&nbsp; 704 | 492468 |
| 4.30%, 05/20/47 | &nbsp;&nbsp; 1428 | 1212539 |
| 4.50%, 05/20/52 | &nbsp;&nbsp; 865 | 733624 |
| 4.80%, 05/20/45 | &nbsp;&nbsp; 1283 | 1184263 |
| 6.00%, 05/20/53 | &nbsp;&nbsp; 1058 | 1118789 |
| Texas Instruments, Inc. |  |  |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 416 | 259759 |
| 3.88%, 03/15/39 | &nbsp;&nbsp; 754 | 681328 |
| 4.10%, 08/16/52 | &nbsp;&nbsp; 216 | 175151 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 1282 | 1078297 |
| 5.00%, 03/14/53 | &nbsp;&nbsp; 573 | 536572 |
| 5.05%, 05/18/63 | &nbsp;&nbsp; 1472 | 1342448 |
| 5.15%, 02/08/54<sup>(a)</sup> | &nbsp;&nbsp; 635 | 611254 |
| TSMC Arizona Corp. |  |  |
| 3.13%, 10/25/41 | &nbsp;&nbsp; 480 | 404493 |
| 3.25%, 10/25/51 | &nbsp;&nbsp; 141 | 111000 |
| 4.50%, 04/22/52<sup>(a)</sup> | &nbsp;&nbsp; 460 | 449494 |
|  |  | 57977060 |
| **Software — 3.0%** | **Software — 3.0%** | **Software — 3.0%** |
| Fidelity National Information Services, Inc. |  |  |
| 3.10%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 558 | 414545 |
| 4.50%, 08/15/46 | &nbsp;&nbsp; 207 | 174813 |
| 5.63%, 07/15/52<sup>(a)</sup> | &nbsp;&nbsp; 190 | 187092 |
| Series 30Y, 4.75%, 05/15/48<sup>(a)</sup> | &nbsp;&nbsp; 230 | 199119 |
| Fiserv, Inc., 4.40%, 07/01/49 | &nbsp;&nbsp; 1853 | 1466261 |
| Intuit, Inc., 5.50%, 09/15/53<sup>(a)</sup> | &nbsp;&nbsp; 948 | 897217 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Microsoft Corp. |  |  |
| 2.50%, 09/15/50<sup>(a)</sup> | &nbsp;&nbsp; $1816 | $1120955 |
| 2.53%, 06/01/50 | &nbsp;&nbsp; 6496 | 4044616 |
| 2.68%, 06/01/60 | &nbsp;&nbsp; 3581 | 2073250 |
| 2.92%, 03/17/52 | &nbsp;&nbsp; 5849 | 3896545 |
| 3.04%, 03/17/62 | &nbsp;&nbsp; 1909 | 1200001 |
| 3.45%, 08/08/36<sup>(a)</sup> | &nbsp;&nbsp; 1695 | 1565371 |
| 3.50%, 11/15/42<sup>(a)</sup> | &nbsp;&nbsp; 156 | 130354 |
| 3.70%, 08/08/46 | &nbsp;&nbsp; 2144 | 1750805 |
| 3.75%, 02/12/45<sup>(a)</sup> | &nbsp;&nbsp; 552 | 462071 |
| 3.95%, 08/08/56 | &nbsp;&nbsp; 366 | 290748 |
| 4.00%, 02/12/55<sup>(a)</sup> | &nbsp;&nbsp; 451 | 364925 |
| 4.10%, 02/06/37<sup>(a)</sup> | &nbsp;&nbsp; 786 | 769273 |
| 4.25%, 02/06/47 | &nbsp;&nbsp; 1471 | 1308566 |
| 4.45%, 11/03/45<sup>(a)</sup> | &nbsp;&nbsp; 1045 | 966312 |
| 4.50%, 10/01/40<sup>(a)</sup> | &nbsp;&nbsp; 483 | 477661 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 665 | 611249 |
| 4.50%, 02/06/57<sup>(a)</sup> | &nbsp;&nbsp; 790 | 708546 |
| 4.75%, 11/03/55<sup>(a)</sup> | &nbsp;&nbsp; 206 | 189495 |
| 5.20%, 06/01/39<sup>(a)</sup> | &nbsp;&nbsp; 531 | 562617 |
| 5.30%, 02/08/41 | &nbsp;&nbsp; 701 | 734640 |
| MSCI, Inc., 5.15%, 03/15/36 | &nbsp;&nbsp; 475 | 470685 |
| Oracle Corp. |  |  |
| 3.60%, 04/01/40 | &nbsp;&nbsp; 3308 | 2499840 |
| 3.60%, 04/01/50 | &nbsp;&nbsp; 4557 | 2850527 |
| 3.65%, 03/25/41 | &nbsp;&nbsp; 1637 | 1215816 |
| 3.80%, 11/15/37 | &nbsp;&nbsp; 2256 | 1855374 |
| 3.85%, 07/15/36<sup>(a)</sup> | &nbsp;&nbsp; 667 | 568681 |
| 3.85%, 04/01/60 | &nbsp;&nbsp; 3393 | 2064114 |
| 3.95%, 03/25/51 | &nbsp;&nbsp; 3545 | 2346631 |
| 4.00%, 07/15/46 | &nbsp;&nbsp; 3099 | 2161871 |
| 4.00%, 11/15/47 | &nbsp;&nbsp; 2267 | 1563169 |
| 4.10%, 03/25/61 | &nbsp;&nbsp; 1261 | 807183 |
| 4.13%, 05/15/45 | &nbsp;&nbsp; 2327 | 1680712 |
| 4.38%, 05/15/55 | &nbsp;&nbsp; 1275 | 881289 |
| 4.50%, 07/08/44 | &nbsp;&nbsp; 1287 | 992622 |
| 5.38%, 07/15/40 | &nbsp;&nbsp; 2420 | 2213930 |
| 5.38%, 09/27/54 | &nbsp;&nbsp; 2071 | 1676697 |
| 5.50%, 09/27/64 | &nbsp;&nbsp; 1104 | 873074 |
| 5.55%, 02/06/53 | &nbsp;&nbsp; 2152 | 1789596 |
| 5.88%, 09/26/45 | &nbsp;&nbsp; 1390 | 1259431 |
| 5.95%, 09/26/55 | &nbsp;&nbsp; 1970 | 1733588 |
| 6.00%, 08/03/55 | &nbsp;&nbsp; 1930 | 1700153 |
| 6.10%, 09/26/65 | &nbsp;&nbsp; 1835 | 1590072 |
| 6.13%, 07/08/39 | &nbsp;&nbsp; 1621 | 1609368 |
| 6.13%, 08/03/65<sup>(a)</sup> | &nbsp;&nbsp; 585 | 508298 |
| 6.50%, 04/15/38<sup>(a)</sup> | &nbsp;&nbsp; 1676 | 1736512 |
| 6.55%, 02/04/46 | &nbsp;&nbsp; 4200 | 4092696 |
| 6.70%, 02/04/56 | &nbsp;&nbsp; 4040 | 3917831 |
| 6.85%, 02/04/66 | &nbsp;&nbsp; 4200 | 4023656 |
| 6.90%, 11/09/52 | &nbsp;&nbsp; 2767 | 2738252 |
| Salesforce, Inc. |  |  |
| 2.70%, 07/15/41 | &nbsp;&nbsp; 1097 | 779159 |
| 2.90%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 1565 | 957879 |
| 3.05%, 07/15/61<sup>(a)</sup> | &nbsp;&nbsp; 1183 | 688853 |
| Synopsys, Inc., 5.70%, 04/01/55 | &nbsp;&nbsp; 1815 | 1813951 |
|  |  | 84228557 |
| **Telecommunications — 5.5%** | **Telecommunications — 5.5%** | **Telecommunications — 5.5%** |
| America Movil SAB de CV |  |  |
| 4.38%, 07/16/42 | &nbsp;&nbsp; 562 | 502257 |
| 4.38%, 04/22/49<sup>(a)</sup> | &nbsp;&nbsp; 993 | 849843 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 6.13%, 11/15/37 | &nbsp;&nbsp; $194 | $212443 |
| 6.13%, 03/30/40 | &nbsp;&nbsp; 1744 | 1895196 |
| AT&T, Inc. |  |  |
| 3.10%, 02/01/43 | &nbsp;&nbsp; 526 | 393379 |
| 3.30%, 02/01/52 | &nbsp;&nbsp; 1204 | 795057 |
| 3.50%, 06/01/41<sup>(a)</sup> | &nbsp;&nbsp; 2708 | 2173238 |
| 3.50%, 09/15/53 | &nbsp;&nbsp; 7638 | 5210400 |
| 3.50%, 02/01/61 | &nbsp;&nbsp; 294 | 190686 |
| 3.55%, 09/15/55 | &nbsp;&nbsp; 7636 | 5169729 |
| 3.65%, 06/01/51 | &nbsp;&nbsp; 3138 | 2248514 |
| 3.65%, 09/15/59 | &nbsp;&nbsp; 6355 | 4277473 |
| 3.80%, 12/01/57 | &nbsp;&nbsp; 5903 | 4141283 |
| 3.85%, 06/01/60 | &nbsp;&nbsp; 1972 | 1377131 |
| 4.30%, 12/15/42 | &nbsp;&nbsp; 1496 | 1290930 |
| 4.35%, 06/15/45 | &nbsp;&nbsp; 1216 | 1022480 |
| 4.50%, 03/09/48 | &nbsp;&nbsp; 1741 | 1461384 |
| 4.55%, 03/09/49 | &nbsp;&nbsp; 1058 | 889054 |
| 4.65%, 06/01/44 | &nbsp;&nbsp; 492 | 434518 |
| 4.75%, 05/15/46 | &nbsp;&nbsp; 1980 | 1741934 |
| 4.80%, 06/15/44 | &nbsp;&nbsp; 203 | 181594 |
| 4.85%, 03/01/39 | &nbsp;&nbsp; 1055 | 1015052 |
| 4.85%, 07/15/45<sup>(a)</sup> | &nbsp;&nbsp; 252 | 227275 |
| 4.90%, 08/15/37 | &nbsp;&nbsp; 771 | 760772 |
| 5.15%, 03/15/42<sup>(a)</sup> | &nbsp;&nbsp; 306 | 294259 |
| 5.15%, 11/15/46 | &nbsp;&nbsp; 1009 | 938322 |
| 5.15%, 02/15/50 | &nbsp;&nbsp; 677 | 613026 |
| 5.25%, 03/01/37 | &nbsp;&nbsp; 1199 | 1226483 |
| 5.35%, 09/01/40 | &nbsp;&nbsp; 783 | 781009 |
| 5.45%, 03/01/47 | &nbsp;&nbsp; 629 | 603845 |
| 5.55%, 08/15/41<sup>(a)</sup> | &nbsp;&nbsp; 602 | 602766 |
| 5.55%, 11/01/45 | &nbsp;&nbsp; 1095 | 1077751 |
| 5.65%, 02/15/47<sup>(a)</sup> | &nbsp;&nbsp; 925 | 937208 |
| 5.70%, 11/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1770 | 1717309 |
| 5.70%, 03/01/57<sup>(a)</sup> | &nbsp;&nbsp; 405 | 393741 |
| 6.00%, 08/15/40<sup>(a)</sup> | &nbsp;&nbsp; 415 | 439730 |
| 6.00%, 04/30/56 | &nbsp;&nbsp; 100 | 100863 |
| 6.05%, 08/15/56 | &nbsp;&nbsp; 1535 | 1562400 |
| 6.25%, 03/29/41 | &nbsp;&nbsp; 380 | 402267 |
| 6.30%, 01/15/38 | &nbsp;&nbsp; 391 | 429292 |
| 6.38%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 446 | 485554 |
| 6.55%, 02/15/39 | &nbsp;&nbsp; 258 | 288067 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 3.65%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 149 | 108181 |
| 4.30%, 07/29/49 | &nbsp;&nbsp; 329 | 270974 |
| 4.46%, 04/01/48 | &nbsp;&nbsp; 1116 | 945839 |
| 5.55%, 02/15/54<sup>(a)</sup> | &nbsp;&nbsp; 592 | 581036 |
| Series US-4, 3.65%, 03/17/51<sup>(a)</sup> | &nbsp;&nbsp; 346 | 255248 |
| Series US-6, 3.20%, 02/15/52<sup>(a)</sup> | &nbsp;&nbsp; 195 | 131017 |
| British Telecommunications PLC, 4.25%, <br> 11/08/49<sup>(b)</sup><br>| &nbsp;&nbsp; 220 | 183122 |
| Cisco Systems, Inc. |  |  |
| 5.30%, 02/26/54<sup>(a)</sup> | &nbsp;&nbsp; 1834 | 1784233 |
| 5.35%, 02/26/64 | &nbsp;&nbsp; 954 | 913252 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 1930 | 2026261 |
| 5.50%, 02/24/55 | &nbsp;&nbsp; 590 | 593079 |
| 5.90%, 02/15/39 | &nbsp;&nbsp; 1957 | 2140068 |
| Corning, Inc. |  |  |
| 3.90%, 11/15/49 | &nbsp;&nbsp; 320 | 252699 |
| 4.38%, 11/15/57 | &nbsp;&nbsp; 658 | 549889 |
| 4.70%, 03/15/37 | &nbsp;&nbsp; 165 | 162914 |
| 4.75%, 03/15/42<sup>(a)</sup> | &nbsp;&nbsp; 306 | 288016 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.35%, 11/15/48 | &nbsp;&nbsp; $509 | $505794 |
| 5.45%, 11/15/79 | &nbsp;&nbsp; 769 | 729708 |
| 5.75%, 08/15/40<sup>(a)</sup> | &nbsp;&nbsp; 501 | 531706 |
| 5.85%, 11/15/68 | &nbsp;&nbsp; 396 | 392928 |
| 7.25%, 08/15/36<sup>(a)</sup> | &nbsp;&nbsp; 195 | 197880 |
| Deutsche Telekom AG, 3.63%, 01/21/50<sup>(b)</sup> | &nbsp;&nbsp; 850 | 630371 |
| Deutsche Telekom International Finance BV |  |  |
| 4.75%, 06/21/38<sup>(a)(b)</sup> | &nbsp;&nbsp; 416 | 409458 |
| 4.88%, 03/06/42<sup>(b)</sup> | &nbsp;&nbsp; 397 | 376965 |
| Juniper Networks, Inc., 5.95%, 03/15/41 | &nbsp;&nbsp; 209 | 213003 |
| Motorola Solutions, Inc., 5.50%, 09/01/44<sup>(a)</sup> | &nbsp;&nbsp; 234 | 232799 |
| Nokia OYJ, 6.63%, 05/15/39 | &nbsp;&nbsp; 305 | 330300 |
| Ooredoo International Finance Ltd., 4.50%, <br> 01/31/43<sup>(b)</sup><br>| &nbsp;&nbsp; 558 | 512534 |
| Orange SA |  |  |
| 5.38%, 01/13/42 | &nbsp;&nbsp; 623 | 619851 |
| 5.50%, 02/06/44<sup>(a)</sup> | &nbsp;&nbsp; 664 | 670125 |
| 5.75%, 01/13/56<sup>(b)</sup> | &nbsp;&nbsp; 225 | 231828 |
| Rogers Communications, Inc. |  |  |
| 3.70%, 11/15/49<sup>(a)</sup> | &nbsp;&nbsp; 673 | 508277 |
| 4.30%, 02/15/48 | &nbsp;&nbsp; 603 | 492168 |
| 4.35%, 05/01/49<sup>(a)</sup> | &nbsp;&nbsp; 745 | 607205 |
| 4.50%, 03/15/42 | &nbsp;&nbsp; 675 | 590039 |
| 4.50%, 03/15/43 | &nbsp;&nbsp; 361 | 309779 |
| 4.55%, 03/15/52 | &nbsp;&nbsp; 1081 | 882694 |
| 5.00%, 03/15/44 | &nbsp;&nbsp; 728 | 661314 |
| 5.45%, 10/01/43 | &nbsp;&nbsp; 636 | 609791 |
| 7.50%, 08/15/38 | &nbsp;&nbsp; 523 | 614045 |
| Telefonica Emisiones SA |  |  |
| 4.67%, 03/06/38 | &nbsp;&nbsp; 376 | 349574 |
| 4.90%, 03/06/48 | &nbsp;&nbsp; 1122 | 964506 |
| 5.21%, 03/08/47 | &nbsp;&nbsp; 2422 | 2179849 |
| 5.52%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 1090 | 1018368 |
| 7.05%, 06/20/36 | &nbsp;&nbsp; 1903 | 2153615 |
| TELUS Corp. |  |  |
| 4.30%, 06/15/49 | &nbsp;&nbsp; 10 | 8172 |
| 4.60%, 11/16/48 | &nbsp;&nbsp; 75 | 65175 |
| T-Mobile USA, Inc. |  |  |
| 3.00%, 02/15/41 | &nbsp;&nbsp; 1694 | 1288827 |
| 3.30%, 02/15/51<sup>(a)</sup> | &nbsp;&nbsp; 3342 | 2279447 |
| 3.40%, 10/15/52 | &nbsp;&nbsp; 3314 | 2260093 |
| 3.60%, 11/15/60<sup>(a)</sup> | &nbsp;&nbsp; 367 | 246961 |
| 4.38%, 04/15/40 | &nbsp;&nbsp; 1565 | 1429145 |
| 4.50%, 04/15/50<sup>(a)</sup> | &nbsp;&nbsp; 2451 | 2056565 |
| 5.25%, 06/15/55 | &nbsp;&nbsp; 1330 | 1226696 |
| 5.50%, 01/15/55<sup>(a)</sup> | &nbsp;&nbsp; 1557 | 1484979 |
| 5.65%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp; 2525 | 2471739 |
| 5.70%, 01/15/56<sup>(a)</sup> | &nbsp;&nbsp; 1020 | 1005857 |
| 5.75%, 01/15/54 | &nbsp;&nbsp; 2016 | 2003197 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 371 | 370103 |
| 5.85%, 02/15/56<sup>(a)</sup> | &nbsp;&nbsp; 2040 | 2048233 |
| 5.88%, 11/15/55 | &nbsp;&nbsp; 1305 | 1318172 |
| 6.00%, 06/15/54 | &nbsp;&nbsp; 1630 | 1670518 |
| Verizon Communications, Inc. |  |  |
| 2.65%, 11/20/40 | &nbsp;&nbsp; 3280 | 2390054 |
| 2.85%, 09/03/41 | &nbsp;&nbsp; 1323 | 969518 |
| 2.88%, 11/20/50 | &nbsp;&nbsp; 2719 | 1719636 |
| 2.99%, 10/30/56<sup>(a)</sup> | &nbsp;&nbsp; 2142 | 1305602 |
| 3.00%, 11/20/60<sup>(a)</sup> | &nbsp;&nbsp; 319 | 190343 |
| 3.40%, 03/22/41 | &nbsp;&nbsp; 3182 | 2533474 |
| 3.55%, 03/22/51 | &nbsp;&nbsp; 3753 | 2719672 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 3.70%, 03/22/61 | &nbsp;&nbsp; $2510 | $1736404 |
| 3.85%, 11/01/42<sup>(a)</sup> | &nbsp;&nbsp; 767 | 633103 |
| 3.88%, 03/01/52<sup>(a)</sup> | &nbsp;&nbsp; 1120 | 845201 |
| 4.00%, 03/22/50 | &nbsp;&nbsp; 1734 | 1365761 |
| 4.13%, 08/15/46 | &nbsp;&nbsp; 1439 | 1179602 |
| 4.52%, 09/15/48 | &nbsp;&nbsp; 1567 | 1330929 |
| 4.67%, 03/15/55 | &nbsp;&nbsp; 909 | 767533 |
| 4.75%, 11/01/41 | &nbsp;&nbsp; 586 | 547661 |
| 4.81%, 03/15/39 | &nbsp;&nbsp; 2155 | 2080674 |
| 4.86%, 08/21/46 | &nbsp;&nbsp; 2837 | 2555694 |
| 5.01%, 04/15/49 | &nbsp;&nbsp; 932 | 849501 |
| 5.01%, 08/21/54 | &nbsp;&nbsp; 931 | 830835 |
| 5.25%, 03/16/37 | &nbsp;&nbsp; 2173 | 2211505 |
| 5.40%, 07/02/37 | &nbsp;&nbsp; 1140 | 1173244 |
| 5.50%, 03/16/47 | &nbsp;&nbsp; 928 | 914440 |
| 5.50%, 02/23/54<sup>(a)</sup> | &nbsp;&nbsp; 1183 | 1153943 |
| 5.75%, 11/30/45 | &nbsp;&nbsp; 1665 | 1683105 |
| 5.88%, 11/30/55 | &nbsp;&nbsp; 1710 | 1721448 |
| 6.00%, 11/30/65 | &nbsp;&nbsp; 1777 | 1783831 |
| 6.55%, 09/15/43 | &nbsp;&nbsp; 891 | 989605 |
| Vodafone Group PLC |  |  |
| 4.25%, 09/17/50<sup>(a)</sup> | &nbsp;&nbsp; 1194 | 958785 |
| 4.38%, 02/19/43 | &nbsp;&nbsp; 1010 | 880520 |
| 4.88%, 06/19/49<sup>(a)</sup> | &nbsp;&nbsp; 1481 | 1322034 |
| 5.00%, 05/30/38 | &nbsp;&nbsp; 858 | 861704 |
| 5.13%, 06/19/59<sup>(a)</sup> | &nbsp;&nbsp; 165 | 149389 |
| 5.25%, 05/30/48<sup>(a)</sup> | &nbsp;&nbsp; 1306 | 1233932 |
| 5.63%, 02/10/53<sup>(a)</sup> | &nbsp;&nbsp; 143 | 139068 |
| 5.75%, 06/28/54<sup>(a)</sup> | &nbsp;&nbsp; 1359 | 1340553 |
| 5.75%, 02/10/63 | &nbsp;&nbsp; 531 | 514670 |
| 5.88%, 06/28/64 | &nbsp;&nbsp; 815 | 803984 |
| 6.15%, 02/27/37 | &nbsp;&nbsp; 1499 | 1652784 |
| Xiaomi Best Time International Ltd., 4.10%, <br> 07/14/51<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 159819 |
|  |  | 152501255 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro, Inc. |  |  |
| 5.10%, 05/15/44 | &nbsp;&nbsp; 211 | 193832 |
| 6.35%, 03/15/40 | &nbsp;&nbsp; 477 | 515238 |
| Mattel, Inc. |  |  |
| 5.45%, 11/01/41<sup>(a)</sup> | &nbsp;&nbsp; 180 | 170322 |
| 6.20%, 10/01/40 | &nbsp;&nbsp; 255 | 259908 |
|  |  | 1139300 |
| **Transportation — 3.3%** | **Transportation — 3.3%** | **Transportation — 3.3%** |
| Burlington Northern Santa Fe LLC |  |  |
| 2.88%, 06/15/52 | &nbsp;&nbsp; 641 | 409414 |
| 3.05%, 02/15/51 | &nbsp;&nbsp; 982 | 658940 |
| 3.30%, 09/15/51 | &nbsp;&nbsp; 872 | 613281 |
| 3.55%, 02/15/50 | &nbsp;&nbsp; 811 | 605745 |
| 3.90%, 08/01/46 | &nbsp;&nbsp; 791 | 644657 |
| 4.05%, 06/15/48 | &nbsp;&nbsp; 824 | 678474 |
| 4.13%, 06/15/47 | &nbsp;&nbsp; 825 | 692543 |
| 4.15%, 04/01/45 | &nbsp;&nbsp; 1085 | 926590 |
| 4.15%, 12/15/48<sup>(a)</sup> | &nbsp;&nbsp; 845 | 707786 |
| 4.38%, 09/01/42 | &nbsp;&nbsp; 660 | 594192 |
| 4.40%, 03/15/42 | &nbsp;&nbsp; 583 | 530947 |
| 4.45%, 03/15/43 | &nbsp;&nbsp; 933 | 843791 |
| 4.45%, 01/15/53 | &nbsp;&nbsp; 1053 | 900950 |
| 4.55%, 09/01/44 | &nbsp;&nbsp; 835 | 755000 |
| 4.70%, 09/01/45 | &nbsp;&nbsp; 551 | 507323 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 4.90%, 04/01/44<sup>(a)</sup> | &nbsp;&nbsp; $1042 | $992507 |
| 4.95%, 09/15/41 | &nbsp;&nbsp; 228 | 224762 |
| 5.05%, 03/01/41<sup>(a)</sup> | &nbsp;&nbsp; 593 | 591697 |
| 5.15%, 09/01/43 | &nbsp;&nbsp; 751 | 739406 |
| 5.20%, 04/15/54 | &nbsp;&nbsp; 1606 | 1535491 |
| 5.40%, 06/01/41 | &nbsp;&nbsp; 495 | 509444 |
| 5.50%, 03/15/55 | &nbsp;&nbsp; 1365 | 1363285 |
| 5.55%, 03/15/56 | &nbsp;&nbsp; 990 | 993537 |
| 5.75%, 05/01/40<sup>(a)</sup> | &nbsp;&nbsp; 892 | 951679 |
| 5.80%, 03/15/56 | &nbsp;&nbsp; 890 | 930463 |
| 6.15%, 05/01/37 | &nbsp;&nbsp; 898 | 1007096 |
| 6.20%, 08/15/36 | &nbsp;&nbsp; 360 | 403160 |
| Canadian National Railway Co. |  |  |
| 2.45%, 05/01/50 | &nbsp;&nbsp; 723 | 440126 |
| 3.20%, 08/02/46 | &nbsp;&nbsp; 647 | 479628 |
| 3.50%, 11/15/42 | &nbsp;&nbsp; 148 | 117042 |
| 3.65%, 02/03/48<sup>(a)</sup> | &nbsp;&nbsp; 694 | 539156 |
| 4.40%, 08/05/52<sup>(a)</sup> | &nbsp;&nbsp; 614 | 532493 |
| 4.45%, 01/20/49 | &nbsp;&nbsp; 701 | 611040 |
| 4.50%, 11/07/43<sup>(a)</sup> | &nbsp;&nbsp; 188 | 167846 |
| 6.13%, 11/01/53 | &nbsp;&nbsp; 410 | 444199 |
| 6.20%, 06/01/36 | &nbsp;&nbsp; 390 | 436322 |
| 6.38%, 11/15/37 | &nbsp;&nbsp; 644 | 730486 |
| 6.71%, 07/15/36 | &nbsp;&nbsp; 435 | 493573 |
| Canadian Pacific Railway Co. |  |  |
| 3.00%, 12/02/41 | &nbsp;&nbsp; 883 | 675985 |
| 3.10%, 12/02/51 | &nbsp;&nbsp; 1660 | 1133413 |
| 3.50%, 05/01/50 | &nbsp;&nbsp; 750 | 554462 |
| 4.20%, 11/15/69 | &nbsp;&nbsp; 506 | 386727 |
| 4.30%, 05/15/43 | &nbsp;&nbsp; 401 | 354729 |
| 4.70%, 05/01/48 | &nbsp;&nbsp; 608 | 552748 |
| 4.80%, 08/01/45 | &nbsp;&nbsp; 531 | 500378 |
| 4.95%, 08/15/45 | &nbsp;&nbsp; 322 | 307106 |
| 5.75%, 01/15/42 | &nbsp;&nbsp; 243 | 251699 |
| 5.95%, 05/15/37 | &nbsp;&nbsp; 683 | 749611 |
| 6.13%, 09/15/2115 | &nbsp;&nbsp; 829 | 857692 |
| Central Japan Railway Co., 4.25%, 11/24/45<sup>(b)</sup> | &nbsp;&nbsp; 200 | 171213 |
| CSX Corp. |  |  |
| 2.50%, 05/15/51<sup>(a)</sup> | &nbsp;&nbsp; 440 | 267690 |
| 3.35%, 09/15/49 | &nbsp;&nbsp; 730 | 525374 |
| 3.80%, 11/01/46 | &nbsp;&nbsp; 817 | 652114 |
| 3.80%, 04/15/50 | &nbsp;&nbsp; 679 | 525507 |
| 3.95%, 05/01/50 | &nbsp;&nbsp; 682 | 539240 |
| 4.10%, 03/15/44 | &nbsp;&nbsp; 761 | 653412 |
| 4.25%, 11/01/66 | &nbsp;&nbsp; 912 | 714124 |
| 4.30%, 03/01/48 | &nbsp;&nbsp; 900 | 767121 |
| 4.40%, 03/01/43 | &nbsp;&nbsp; 212 | 193420 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 399 | 346296 |
| 4.50%, 11/15/52 | &nbsp;&nbsp; 877 | 760300 |
| 4.50%, 08/01/54 | &nbsp;&nbsp; 481 | 413342 |
| 4.65%, 03/01/68 | &nbsp;&nbsp; 420 | 352341 |
| 4.75%, 05/30/42 | &nbsp;&nbsp; 421 | 396467 |
| 4.75%, 11/15/48<sup>(a)</sup> | &nbsp;&nbsp; 642 | 579848 |
| 4.90%, 03/15/55<sup>(a)</sup> | &nbsp;&nbsp; 565 | 517067 |
| 5.50%, 04/15/41 | &nbsp;&nbsp; 627 | 652296 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 508 | 557925 |
| 6.15%, 05/01/37 | &nbsp;&nbsp; 816 | 906239 |
| 6.22%, 04/30/40 | &nbsp;&nbsp; 784 | 872545 |
| Empresa de los Ferrocarriles del Estado |  |  |
| 3.07%, 08/18/50<sup>(b)</sup> | &nbsp;&nbsp; 395 | 256874 |
| 3.83%, 09/14/61<sup>(a)(b)</sup> | &nbsp;&nbsp; 716 | 503134 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| Empresa de Transporte de Pasajeros Metro SA |  |  |
| 3.69%, 09/13/61<sup>(a)(b)</sup> | &nbsp;&nbsp; $675 | $487223 |
| 4.70%, 05/07/50<sup>(b)</sup> | &nbsp;&nbsp; 1028 | 914738 |
| 5.00%, 01/25/47<sup>(b)</sup> | &nbsp;&nbsp; 360 | 338824 |
| ENA Master Trust, 4.00%, 05/19/48<sup>(a)(b)</sup> | &nbsp;&nbsp; 450 | 355739 |
| FedEx Corp. |  |  |
| 3.25%, 05/15/41 | &nbsp;&nbsp; 416 | 327934 |
| 3.88%, 08/01/42 | &nbsp;&nbsp; 430 | 350593 |
| 4.05%, 02/15/48 | &nbsp;&nbsp; 1167 | 925715 |
| 4.10%, 04/15/43 | &nbsp;&nbsp; 232 | 195106 |
| 4.10%, 04/15/43<sup>(a)</sup> | &nbsp;&nbsp; 225 | 189219 |
| 4.10%, 02/01/45 | &nbsp;&nbsp; 348 | 285510 |
| 4.40%, 01/15/47 | &nbsp;&nbsp; 740 | 602586 |
| 4.50%, 02/01/65 | &nbsp;&nbsp; 169 | 125764 |
| 4.55%, 04/01/46<sup>(a)</sup> | &nbsp;&nbsp; 649 | 560083 |
| 4.55%, 04/01/46 | &nbsp;&nbsp; 300 | 260911 |
| 4.75%, 11/15/45 | &nbsp;&nbsp; 1309 | 1173927 |
| 4.95%, 10/17/48<sup>(a)</sup> | &nbsp;&nbsp; 587 | 537705 |
| 4.95%, 10/17/48 | &nbsp;&nbsp; 80 | 73282 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 322 | 306894 |
| 5.25%, 05/15/50<sup>(a)</sup> | &nbsp;&nbsp; 818 | 785771 |
| Norfolk Southern Corp. |  |  |
| 2.90%, 08/25/51 | &nbsp;&nbsp; 525 | 336443 |
| 3.05%, 05/15/50 | &nbsp;&nbsp; 848 | 567819 |
| 3.16%, 05/15/55 | &nbsp;&nbsp; 822 | 540046 |
| 3.40%, 11/01/49 | &nbsp;&nbsp; 452 | 323856 |
| 3.70%, 03/15/53 | &nbsp;&nbsp; 398 | 295254 |
| 3.94%, 11/01/47 | &nbsp;&nbsp; 771 | 617513 |
| 3.95%, 10/01/42 | &nbsp;&nbsp; 266 | 225119 |
| 4.05%, 08/15/52 | &nbsp;&nbsp; 773 | 608793 |
| 4.10%, 05/15/49 | &nbsp;&nbsp; 529 | 427491 |
| 4.10%, 05/15/2121 | &nbsp;&nbsp; 710 | 495273 |
| 4.15%, 02/28/48 | &nbsp;&nbsp; 720 | 596222 |
| 4.45%, 06/15/45 | &nbsp;&nbsp; 494 | 434074 |
| 4.55%, 06/01/53 | &nbsp;&nbsp; 730 | 624862 |
| 4.65%, 01/15/46 | &nbsp;&nbsp; 611 | 547171 |
| 4.80%, 08/15/43 | &nbsp;&nbsp; 355 | 326294 |
| 4.84%, 10/01/41 | &nbsp;&nbsp; 512 | 490401 |
| 5.10%, 08/01/2118<sup>(a)</sup> | &nbsp;&nbsp; 395 | 344585 |
| 5.35%, 08/01/54<sup>(a)</sup> | &nbsp;&nbsp; 1005 | 971199 |
| 5.95%, 03/15/64 | &nbsp;&nbsp; 340 | 350798 |
| Polar Tankers, Inc., 5.95%, 05/10/37<sup>(b)</sup> | &nbsp;&nbsp; 161 | 174714 |
| TTX Co. |  |  |
| 3.90%, 02/01/45<sup>(b)</sup> | &nbsp;&nbsp; 255 | 211280 |
| 4.20%, 07/01/46<sup>(b)</sup> | &nbsp;&nbsp; 475 | 410035 |
| 4.60%, 02/01/49<sup>(b)</sup> | &nbsp;&nbsp; 441 | 394738 |
| 4.65%, 06/15/44<sup>(b)</sup> | &nbsp;&nbsp; 75 | 67708 |
| 5.65%, 12/01/52<sup>(b)</sup> | &nbsp;&nbsp; 250 | 256179 |
| Union Pacific Corp. |  |  |
| 2.89%, 04/06/36 | &nbsp;&nbsp; 680 | 585181 |
| 2.95%, 03/10/52 | &nbsp;&nbsp; 827 | 536511 |
| 2.97%, 09/16/62 | &nbsp;&nbsp; 893 | 535627 |
| 3.20%, 05/20/41 | &nbsp;&nbsp; 933 | 748571 |
| 3.25%, 02/05/50 | &nbsp;&nbsp; 1775 | 1249172 |
| 3.35%, 08/15/46 | &nbsp;&nbsp; 339 | 251294 |
| 3.38%, 02/14/42 | &nbsp;&nbsp; 280 | 224741 |
| 3.50%, 02/14/53 | &nbsp;&nbsp; 1180 | 852523 |
| 3.55%, 08/15/39 | &nbsp;&nbsp; 762 | 662481 |
| 3.55%, 05/20/61 | &nbsp;&nbsp; 558 | 384012 |
| 3.60%, 09/15/37<sup>(a)</sup> | &nbsp;&nbsp; 863 | 779222 |
| 3.75%, 02/05/70 | &nbsp;&nbsp; 870 | 601592 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 3.80%, 10/01/51 | &nbsp;&nbsp; $1055 | $809848 |
| 3.80%, 04/06/71 | &nbsp;&nbsp; 856 | 601098 |
| 3.84%, 03/20/60 | &nbsp;&nbsp; 2195 | 1622112 |
| 3.85%, 02/14/72 | &nbsp;&nbsp; 420 | 296142 |
| 3.88%, 02/01/55 | &nbsp;&nbsp; 456 | 349011 |
| 3.95%, 08/15/59 | &nbsp;&nbsp; 962 | 728767 |
| 4.00%, 04/15/47 | &nbsp;&nbsp; 580 | 474722 |
| 4.05%, 11/15/45 | &nbsp;&nbsp; 317 | 264442 |
| 4.05%, 03/01/46 | &nbsp;&nbsp; 533 | 441885 |
| 4.10%, 09/15/67 | &nbsp;&nbsp; 713 | 536812 |
| 4.30%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 648 | 548637 |
| 4.50%, 09/10/48 | &nbsp;&nbsp; 457 | 399659 |
| 4.95%, 09/09/52 | &nbsp;&nbsp; 653 | 608642 |
| 4.95%, 05/15/53 | &nbsp;&nbsp; 527 | 486515 |
| 5.15%, 01/20/63 | &nbsp;&nbsp; 323 | 300358 |
| 5.60%, 12/01/54<sup>(a)</sup> | &nbsp;&nbsp; 970 | 982347 |
| United Parcel Service, Inc. |  |  |
| 3.40%, 11/15/46 | &nbsp;&nbsp; 505 | 380121 |
| 3.40%, 09/01/49<sup>(a)</sup> | &nbsp;&nbsp; 769 | 558372 |
| 3.63%, 10/01/42 | &nbsp;&nbsp; 158 | 130068 |
| 3.75%, 11/15/47 | &nbsp;&nbsp; 1174 | 924486 |
| 4.25%, 03/15/49 | &nbsp;&nbsp; 753 | 630633 |
| 4.88%, 11/15/40 | &nbsp;&nbsp; 732 | 720884 |
| 5.05%, 03/03/53 | &nbsp;&nbsp; 1079 | 1000824 |
| 5.20%, 04/01/40<sup>(a)</sup> | &nbsp;&nbsp; 678 | 696285 |
| 5.30%, 04/01/50<sup>(a)</sup> | &nbsp;&nbsp; 1377 | 1337766 |
| 5.50%, 05/22/54 | &nbsp;&nbsp; 1090 | 1078792 |
| 5.60%, 05/22/64<sup>(a)</sup> | &nbsp;&nbsp; 530 | 522481 |
| 5.95%, 05/14/55<sup>(a)</sup> | &nbsp;&nbsp; 1215 | 1275932 |
| 6.05%, 05/14/65 | &nbsp;&nbsp; 790 | 825845 |
| 6.20%, 01/15/38 | &nbsp;&nbsp; 1659 | 1864455 |
|  |  | 91996769 |
| **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** |
| GATX Corp. |  |  |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 874 | 573574 |
| 4.50%, 03/30/45 | &nbsp;&nbsp; 230 | 195525 |
| 5.20%, 03/15/44<sup>(a)</sup> | &nbsp;&nbsp; 439 | 422938 |
| 6.05%, 06/05/54 | &nbsp;&nbsp; 1100 | 1137501 |
|  |  | 2329538 |
| **Water — 0.3%** | **Water — 0.3%** | **Water — 0.3%** |
| American Water Capital Corp. |  |  |
| 3.25%, 06/01/51<sup>(a)</sup> | &nbsp;&nbsp; 545 | 377050 |
| 3.45%, 05/01/50 | &nbsp;&nbsp; 380 | 274492 |
| 3.75%, 09/01/47 | &nbsp;&nbsp; 610 | 474618 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 360 | 288402 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 575 | 468101 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 560 | 463624 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Water (continued)** | **Water (continued)** | **Water (continued)** |
| 4.30%, 12/01/42 | &nbsp;&nbsp; $566 | $507447 |
| 4.30%, 09/01/45<sup>(a)</sup> | &nbsp;&nbsp; 331 | 285604 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 885 | 868667 |
| 5.70%, 09/01/55 | &nbsp;&nbsp; 1215 | 1230639 |
| 6.59%, 10/15/37 | &nbsp;&nbsp; 742 | 854346 |
| Essential Utilities, Inc. |  |  |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 476 | 333923 |
| 4.28%, 05/01/49 | &nbsp;&nbsp; 355 | 292614 |
| 5.30%, 05/01/52 | &nbsp;&nbsp; 570 | 538518 |
|  |  | 7258045 |
| **Total Long-Term Investments — 97.8%** <br>**(Cost: $3,035,235,959)** | **Total Long-Term Investments — 97.8%** <br>**(Cost: $3,035,235,959)** | 2716526011 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 11.8%** | **Money Market Funds — 11.8%** | **Money Market Funds — 11.8%** |
| BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(g)(h)(i)</sup><br>| &nbsp;&nbsp; 318547870 | 318707144 |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(g)(h)</sup><br>| &nbsp;&nbsp; 9860000 | 9860000 |
| **Total Short-Term Securities — 11.8%** <br>**(Cost: $328,468,119)** | **Total Short-Term Securities — 11.8%** <br>**(Cost: $328,468,119)** | 328567144 |
| **Total Investments — 109.6%** <br>**(Cost: $3,363,704,078)** | **Total Investments — 109.6%** <br>**(Cost: $3,363,704,078)** | 3045093155 |
| **Liabilities in Excess of Other Assets — (9.6)%** | **Liabilities in Excess of Other Assets — (9.6)%** | (266373917)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $2778719238 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

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

<sup>(e)</sup> Perpetual security with no stated maturity date.

<sup>(f)</sup> Zero-coupon bond.

<sup>(g)</sup> Affiliate of the Fund.

<sup>(h)</sup> Annualized 7-day yield as of period end.

<sup>(i)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® 10+ Year Investment Grade Corporate Bond ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, <br> SL Agency Shares<br>| $312794443 | $5911621 <br><sup>(a)</sup><br>| $— | $4049 | $(2969)<br>| $318707144 | 318547870 | $740542 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| 25420000 |  | &nbsp;&nbsp; (15560000 )<sup>(a)</sup><br>|  |  | 9860000 | 9860000 | 907305 |  |
|  |  |  |  | $4049 | $(2969) | $328567144 |  | $1647847 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2716526011 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2716526011 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 328567144 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 328567144 |
|  | &nbsp;&nbsp; $328567144 | &nbsp;&nbsp; $2716526011 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $3045093155 |

---

*See notes to financial statements.*

Schedule of Investments

------

Statements of Assets and Liabilities

February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; iShares <br>Broad USD <br> Investment Grade <br> Corporate Bond <br> ETF <br>| &nbsp;&nbsp; iShares <br>1-5 Year Investment <br> Grade Corporate <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>5-10 Year <br> Investment Grade <br> Corporate Bond <br> ETF <br>| &nbsp;&nbsp; iShares <br>10+ Year <br> Investment Grade <br> Corporate Bond <br> ETF <br>|
| **ASSETS** |  |  |  |  |
| Investments, at value—unaffiliated<sup>(a)(b)</sup> | $16738254696 | $22219577030 | $17989065044 | $2716526011 |
| Investments, at value—affiliated<sup>(c)</sup> | 1734622899 | 1447314925 | 2309678514 | 328567144 |
| Cash | 19134274 | 26083511 | 9981447 | 3575070 |
| Foreign currency, at value<sup>(d)</sup> | 90 | 1433 |  |  |
| Receivables: |  |  |  |  |
| Investments sold | 118056833 | 320486963 | 337663078 | 23136429 |
| Securities lending income—affiliated | 408981 | 373550 | 490709 | 71963 |
| Capital shares sold | 3330454 | 6537771 | 2775546 | 772309 |
| Dividends—affiliated | 55843 | 183735 | 141821 | 31688 |
| Interest—unaffiliated | 213158872 | 255987821 | 229967288 | 40236226 |
| Total assets | 18827022942 | 24276546739 | 20879763447 | 3112916840 |
| **LIABILITIES** |  |  |  |  |
| Collateral on securities loaned, at value | 1729907741 | 1446917354 | 2300156274 | 318686644 |
| Payables: |  |  |  |  |
| Investments purchased | 96405115 | 212017905 | 286933724 | 14635319 |
| Capital shares redeemed |  |  |  | 790093 |
| Investment advisory fees | 515569 | 684815 | 553961 | 85546 |
| Total liabilities | 1826828425 | 1659620074 | 2587643959 | 334197602 |
| **Commitments and contingent liabilities** |  |  |  |  |
| NET ASSETS | $17000194517 | $22616926665 | $18292119488 | $2778719238 |
| **NET ASSETS CONSIST OF** |  |  |  |  |
| Paid-in capital | $17499386968 | $22835334070 | $18984789102 | $3229861802 |
| Accumulated loss | (499192451) | (218407405) | (692669614) | (451142564) |
| NET ASSETS | $17000194517 | $22616926665 | $18292119488 | $2778719238 |
| **NET ASSET VALUE** |  |  |  |  |
| Shares outstanding | 324350000 | 424900000 | 335450000 | 54000000 |
| Net asset value | $52.41 | $53.23 | $54.53 | $51.46 |
| Shares authorized | Unlimited | Unlimited | Unlimited | Unlimited |
| Par value |  |  |  |  |
| <sup>(a)</sup> Investments, at cost—unaffiliated | $17055937184 | $21894030310 | $17709159993 | $3035235959 |
| <sup>(b)</sup> Securities loaned, at value | $1670416464 | $1397846923 | $2223631394 | $307187250 |
| <sup>(c)</sup> Investments, at cost—affiliated | $1734151899 | $1446626649 | $2308967325 | $328468119 |
| <sup>(d)</sup> Foreign currency, at cost | $78 | $1411 | $— | $— |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Operations

Year Ended February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | iShares <br>Broad USD <br> Investment <br> Grade <br> Corporate <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>1-5 Year <br> Investment Grade <br> Corporate Bond <br> ETF <br>| &nbsp;&nbsp; iShares <br>5-10 Year <br> Investment Grade <br> Corporate Bond <br> ETF <br>| &nbsp;&nbsp; iShares <br>10+ Year <br> Investment <br> Grade <br> Corporate <br> Bond ETF <br>|
| **INVESTMENT INCOME** |  |  |  |  |
| Dividends—affiliated | &nbsp;&nbsp; $1157338 | &nbsp;&nbsp;&nbsp; $2440245 | &nbsp;&nbsp;&nbsp; $3836370 | &nbsp;&nbsp;&nbsp; $907305 |
| Interest—unaffiliated | &nbsp;&nbsp; 686194671 | &nbsp;&nbsp;&nbsp; 972363477 | &nbsp;&nbsp;&nbsp; 758805421 | &nbsp;&nbsp;&nbsp; 133581152 |
| Securities lending income—affiliated—net | &nbsp;&nbsp; 4196271 | &nbsp;&nbsp;&nbsp; 4781392 | &nbsp;&nbsp;&nbsp; 5101921 | &nbsp;&nbsp;&nbsp; 740542 |
| Other income—unaffiliated | &nbsp;&nbsp; 808007 | &nbsp;&nbsp;&nbsp; 1391036 | &nbsp;&nbsp;&nbsp; 46391 | &nbsp;&nbsp;&nbsp; 183772 |
| Foreign taxes withheld | &nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (153)<br>|
| Total investment income | &nbsp;&nbsp; 692356298 | &nbsp;&nbsp;&nbsp; 980976150 | &nbsp;&nbsp;&nbsp; 767790103 | &nbsp;&nbsp;&nbsp; 135412618 |
| EXPENSES |  |  |  |  |
| Investment advisory | &nbsp;&nbsp; 5838695 | &nbsp;&nbsp;&nbsp; 8647890 | &nbsp;&nbsp;&nbsp; 6441278 | &nbsp;&nbsp;&nbsp; 1037661 |
| Interest expense | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 334 | &nbsp;&nbsp;&nbsp; — |
| Total expenses | &nbsp;&nbsp; 5838695 | &nbsp;&nbsp;&nbsp; 8647890 | &nbsp;&nbsp;&nbsp; 6441612 | &nbsp;&nbsp;&nbsp; 1037661 |
| Net investment income | &nbsp;&nbsp; 686517603 | &nbsp;&nbsp;&nbsp; 972328260 | &nbsp;&nbsp;&nbsp; 761348491 | &nbsp;&nbsp;&nbsp; 134374957 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |
| Net realized gain (loss) from: |  |  |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; (72983142)<br>| &nbsp;&nbsp;&nbsp; (50245953)<br>| &nbsp;&nbsp;&nbsp; (239840792)<br>| &nbsp;&nbsp;&nbsp; (27000943)<br>|
| Investments—affiliated | &nbsp;&nbsp; 2004 | &nbsp;&nbsp;&nbsp; 31030 | &nbsp;&nbsp;&nbsp; (19023)<br>| &nbsp;&nbsp;&nbsp; 4049 |
| In-kind redemptions—unaffiliated<sup>(a)</sup> | &nbsp;&nbsp; 35019247 | &nbsp;&nbsp;&nbsp; 122908649 | &nbsp;&nbsp;&nbsp; 85557364 | &nbsp;&nbsp;&nbsp; (21973141)<br>|
|  | &nbsp;&nbsp; (37961891)<br>| &nbsp;&nbsp;&nbsp; 72693726 | &nbsp;&nbsp;&nbsp; (154302451)<br>| &nbsp;&nbsp;&nbsp; (48970035)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |  |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; 345751695 | &nbsp;&nbsp;&nbsp; 289182760 | &nbsp;&nbsp;&nbsp; 695281980 | &nbsp;&nbsp;&nbsp; 49716866 |
| Investments—affiliated | &nbsp;&nbsp; 12354 | &nbsp;&nbsp;&nbsp; (30054)<br>| &nbsp;&nbsp;&nbsp; 19182 | &nbsp;&nbsp;&nbsp; (2969)<br>|
| Foreign currency translations | &nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; 345764060 | &nbsp;&nbsp;&nbsp; 289152728 | &nbsp;&nbsp;&nbsp; 695301162 | &nbsp;&nbsp;&nbsp; 49713897 |
| Net realized and unrealized gain | &nbsp;&nbsp; 307802169 | &nbsp;&nbsp;&nbsp; 361846454 | &nbsp;&nbsp;&nbsp; 540998711 | &nbsp;&nbsp;&nbsp; 743862 |
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | &nbsp;&nbsp; $994319772 | &nbsp;&nbsp;&nbsp; $1334174714 | &nbsp;&nbsp;&nbsp; $1302347202 | &nbsp;&nbsp;&nbsp; $135118819 |
| <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. |

---

*See notes to financial statements.*

Statements of Operations

------

Statements of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | iShares <br>Broad USD Investment Grade Corporate Bond <br> ETF  | iShares <br>Broad USD Investment Grade Corporate Bond <br> ETF  | iShares <br>1-5 Year Investment Grade Corporate Bond ETF  | iShares <br>1-5 Year Investment Grade Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |  |  |
| **OPERATIONS** |  |  |  |  |
| Net investment income | &nbsp;&nbsp; $686517603 | &nbsp;&nbsp;&nbsp; $528530528 | &nbsp;&nbsp;&nbsp; $972328260 | &nbsp;&nbsp;&nbsp; $859358091 |
| Net realized gain (loss) | &nbsp;&nbsp; (37961891)<br>| &nbsp;&nbsp;&nbsp; (21982609)<br>| &nbsp;&nbsp;&nbsp; 72693726 | &nbsp;&nbsp;&nbsp; (121100116)<br>|
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 345764060 | &nbsp;&nbsp;&nbsp; 253499589 | &nbsp;&nbsp;&nbsp; 289152728 | &nbsp;&nbsp;&nbsp; 622977007 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 994319772 | &nbsp;&nbsp;&nbsp; 760047508 | &nbsp;&nbsp;&nbsp; 1334174714 | &nbsp;&nbsp;&nbsp; 1361234982 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(a)</sup> <br>|  |  |  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (669389306)<br>| &nbsp;&nbsp;&nbsp; (521252074)<br>| &nbsp;&nbsp;&nbsp; (969527116)<br>| &nbsp;&nbsp;&nbsp; (854199269)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |  |  |
| Net increase (decrease) in net assets derived from capital share transactions | &nbsp;&nbsp; 4132802770 | &nbsp;&nbsp;&nbsp; 1824920329 | &nbsp;&nbsp;&nbsp; 549161122 | &nbsp;&nbsp;&nbsp; (155581087)<br>|
| *NET ASSETS* |  |  |  |  |
| Total increase in net assets | &nbsp;&nbsp; 4457733236 | &nbsp;&nbsp;&nbsp; 2063715763 | &nbsp;&nbsp;&nbsp; 913808720 | &nbsp;&nbsp;&nbsp; 351454626 |
| Beginning of year | &nbsp;&nbsp; 12542461281 | &nbsp;&nbsp;&nbsp; 10478745518 | &nbsp;&nbsp;&nbsp; 21703117945 | &nbsp;&nbsp;&nbsp; 21351663319 |
| End of year | &nbsp;&nbsp; $17000194517 | &nbsp;&nbsp;&nbsp; $12542461281 | &nbsp;&nbsp;&nbsp; $22616926665 | &nbsp;&nbsp;&nbsp; $21703117945 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Changes in Net Assets(continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | iShares <br>5-10 Year Investment Grade Corporate Bond <br> ETF  | iShares <br>5-10 Year Investment Grade Corporate Bond <br> ETF  | iShares <br>10+ Year Investment Grade Corporate Bond <br> ETF  | iShares <br>10+ Year Investment Grade Corporate Bond <br> ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |  |  |
| **OPERATIONS** |  |  |  |  |
| Net investment income | &nbsp;&nbsp; $761348491 | &nbsp;&nbsp;&nbsp; $627618131 | &nbsp;&nbsp;&nbsp; $134374957 | &nbsp;&nbsp;&nbsp; $127138875 |
| Net realized loss | &nbsp;&nbsp; (154302451)<br>| &nbsp;&nbsp;&nbsp; (130907504)<br>| &nbsp;&nbsp;&nbsp; (48970035)<br>| &nbsp;&nbsp;&nbsp; (23895952)<br>|
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 695301162 | &nbsp;&nbsp;&nbsp; 549521632 | &nbsp;&nbsp;&nbsp; 49713897 | &nbsp;&nbsp;&nbsp; 26176940 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 1302347202 | &nbsp;&nbsp;&nbsp; 1046232259 | &nbsp;&nbsp;&nbsp; 135118819 | &nbsp;&nbsp;&nbsp; 129419863 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(a)</sup> <br>|  |  |  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (747971495)<br>| &nbsp;&nbsp;&nbsp; (615689462)<br>| &nbsp;&nbsp;&nbsp; (133910467)<br>| &nbsp;&nbsp;&nbsp; (124382045)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |  |  |
| Net increase in net assets derived from capital share transactions | &nbsp;&nbsp; 2400950284 | &nbsp;&nbsp;&nbsp; 2366650106 | &nbsp;&nbsp;&nbsp; 22638472 | &nbsp;&nbsp;&nbsp; 642315375 |
| *NET ASSETS* |  |  |  |  |
| Total increase in net assets | &nbsp;&nbsp; 2955325991 | &nbsp;&nbsp;&nbsp; 2797192903 | &nbsp;&nbsp;&nbsp; 23846824 | &nbsp;&nbsp;&nbsp; 647353193 |
| Beginning of year | &nbsp;&nbsp; 15336793497 | &nbsp;&nbsp;&nbsp; 12539600594 | &nbsp;&nbsp;&nbsp; 2754872414 | &nbsp;&nbsp;&nbsp; 2107519221 |
| End of year | &nbsp;&nbsp; $18292119488 | &nbsp;&nbsp;&nbsp; $15336793497 | &nbsp;&nbsp;&nbsp; $2778719238 | &nbsp;&nbsp;&nbsp; $2754872414 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

Statements of Changes in Net Assets

------

Financial Highlights

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares Broad USD Investment Grade Corporate Bond ETF  | iShares Broad USD Investment Grade Corporate Bond ETF  | iShares Broad USD Investment Grade Corporate Bond ETF  | iShares Broad USD Investment Grade Corporate Bond ETF  | iShares Broad USD Investment Grade Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $51.42 | &nbsp;&nbsp;&nbsp; $50.35 | &nbsp;&nbsp;&nbsp; $49.43 | &nbsp;&nbsp;&nbsp; $56.64 | &nbsp;&nbsp;&nbsp; $60.09 |
| Net investment income<sup>(a)</sup> | 2.42 | &nbsp;&nbsp;&nbsp;&nbsp;2.31 | &nbsp;&nbsp;&nbsp;&nbsp;2.09 | &nbsp;&nbsp;&nbsp;&nbsp;1.66 | &nbsp;&nbsp;&nbsp;&nbsp;1.36 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 0.96 | &nbsp;&nbsp;&nbsp;&nbsp;1.04 | &nbsp;&nbsp;&nbsp;&nbsp;0.87 | &nbsp;&nbsp;&nbsp; (7.28)<br>| &nbsp;&nbsp;&nbsp; (3.43)<br>|
| Net increase (decrease) from investment operations | 3.38 | &nbsp;&nbsp;&nbsp;&nbsp;3.35 | &nbsp;&nbsp;&nbsp;&nbsp;2.96 | &nbsp;&nbsp;&nbsp; (5.62)<br>| &nbsp;&nbsp;&nbsp; (2.07)<br>|
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (2.39)<br>| &nbsp;&nbsp;&nbsp; (2.28)<br>| &nbsp;&nbsp;&nbsp; (2.04)<br>| &nbsp;&nbsp;&nbsp; (1.59)<br>| &nbsp;&nbsp;&nbsp; (1.38)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $52.41 | &nbsp;&nbsp;&nbsp; $51.42 | &nbsp;&nbsp;&nbsp; $50.35 | &nbsp;&nbsp;&nbsp; $49.43 | &nbsp;&nbsp;&nbsp; $56.64 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 6.72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.82<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.14<br> %<br>| &nbsp;&nbsp;&nbsp; (9.99)%<br>| &nbsp;&nbsp;&nbsp; (3.51)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>|
| Net investment income | 4.70<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.53<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.27<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.27<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $17000195 | &nbsp;&nbsp;&nbsp; $12542461 | &nbsp;&nbsp;&nbsp; $10478746 | &nbsp;&nbsp;&nbsp; $8240435 | &nbsp;&nbsp;&nbsp; $6582071 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 12<br> %<br>| &nbsp;&nbsp;&nbsp; 12<br> %<br>| &nbsp;&nbsp;&nbsp; 10<br> %<br>| &nbsp;&nbsp;&nbsp; 11<br> %<br>| &nbsp;&nbsp;&nbsp; 12<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights(continued)

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares 1-5 Year Investment Grade Corporate Bond ETF  | iShares 1-5 Year Investment Grade Corporate Bond ETF  | iShares 1-5 Year Investment Grade Corporate Bond ETF  | iShares 1-5 Year Investment Grade Corporate Bond ETF  | iShares 1-5 Year Investment Grade Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $52.34 | &nbsp;&nbsp;&nbsp; $51.07 | &nbsp;&nbsp;&nbsp; $49.89 | &nbsp;&nbsp;&nbsp; $52.72 | &nbsp;&nbsp;&nbsp; $54.88 |
| Net investment income<sup>(a)</sup> | 2.37 | &nbsp;&nbsp;&nbsp;&nbsp;2.12 | &nbsp;&nbsp;&nbsp;&nbsp;1.71 | &nbsp;&nbsp;&nbsp;&nbsp;1.11 | &nbsp;&nbsp;&nbsp;&nbsp;0.81 |
| Net realized and unrealized gain<sup>(b)</sup> | 0.88 | &nbsp;&nbsp;&nbsp;&nbsp;1.26 | &nbsp;&nbsp;&nbsp;&nbsp;1.18 | &nbsp;&nbsp;&nbsp; (2.86)<br>| &nbsp;&nbsp;&nbsp; (2.02)<br>|
| Net increase from investment operations | 3.25 | &nbsp;&nbsp;&nbsp;&nbsp;3.38 | &nbsp;&nbsp;&nbsp;&nbsp;2.89 | &nbsp;&nbsp;&nbsp; (1.75)<br>| &nbsp;&nbsp;&nbsp; (1.21)<br>|
| **Distributions**<sup>(c)</sup> <br>|  |  |  |  |  |
| From net investment income | &nbsp;&nbsp; (2.36)<br>| &nbsp;&nbsp;&nbsp; (2.11)<br>| &nbsp;&nbsp;&nbsp; (1.71)<br>| &nbsp;&nbsp;&nbsp; (1.07)<br>| &nbsp;&nbsp;&nbsp; (0.86)<br>|
| From net realized gain | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.01)<br>| &nbsp;&nbsp;&nbsp; (0.09)<br>|
| Total distributions | &nbsp;&nbsp; (2.36)<br>| &nbsp;&nbsp;&nbsp; (2.11)<br>| &nbsp;&nbsp;&nbsp; (1.71)<br>| &nbsp;&nbsp;&nbsp; (1.08)<br>| &nbsp;&nbsp;&nbsp; (0.95)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $53.23 | &nbsp;&nbsp;&nbsp; $52.34 | &nbsp;&nbsp;&nbsp; $51.07 | &nbsp;&nbsp;&nbsp; $49.89 | &nbsp;&nbsp;&nbsp; $52.72 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 6.32<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.77<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.91<br> %<br>| &nbsp;&nbsp;&nbsp; (3.32)%<br>| &nbsp;&nbsp;&nbsp; (2.20)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>|
| Net investment income | 4.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.11<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.39<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.21<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.50<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $22616927 | &nbsp;&nbsp;&nbsp; $21703118 | &nbsp;&nbsp;&nbsp; $21351663 | &nbsp;&nbsp;&nbsp; $24248111 | &nbsp;&nbsp;&nbsp; $22436202 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 28<br> %<br>| &nbsp;&nbsp;&nbsp; 29<br> %<br>| &nbsp;&nbsp;&nbsp; 25<br> %<br>| &nbsp;&nbsp;&nbsp; 26<br> %<br>| &nbsp;&nbsp;&nbsp; 30<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

Financial Highlights

------

Financial Highlights(continued)

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares 5-10 Year Investment Grade Corporate Bond ETF  | iShares 5-10 Year Investment Grade Corporate Bond ETF  | iShares 5-10 Year Investment Grade Corporate Bond ETF  | iShares 5-10 Year Investment Grade Corporate Bond ETF  | iShares 5-10 Year Investment Grade Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $52.70 | &nbsp;&nbsp;&nbsp; $51.10 | &nbsp;&nbsp;&nbsp; $49.83 | &nbsp;&nbsp;&nbsp; $56.71 | &nbsp;&nbsp;&nbsp; $60.34 |
| Net investment income<sup>(a)</sup> | 2.52 | &nbsp;&nbsp;&nbsp;&nbsp;2.32 | &nbsp;&nbsp;&nbsp;&nbsp;2.02 | &nbsp;&nbsp;&nbsp;&nbsp;1.57 | &nbsp;&nbsp;&nbsp;&nbsp;1.34 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 1.79 | &nbsp;&nbsp;&nbsp;&nbsp;1.57 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp; (6.91)<br>| &nbsp;&nbsp;&nbsp; (3.49)<br>|
| Net increase (decrease) from investment operations | 4.31 | &nbsp;&nbsp;&nbsp;&nbsp;3.89 | &nbsp;&nbsp;&nbsp;&nbsp;3.27 | &nbsp;&nbsp;&nbsp; (5.34)<br>| &nbsp;&nbsp;&nbsp; (2.15)<br>|
| **Distributions**<sup>(c)</sup> <br>|  |  |  |  |  |
| From net investment income | &nbsp;&nbsp; (2.48)<br>| &nbsp;&nbsp;&nbsp; (2.29)<br>| &nbsp;&nbsp;&nbsp; (2.00)<br>| &nbsp;&nbsp;&nbsp; (1.54)<br>| &nbsp;&nbsp;&nbsp; (1.35)<br>|
| From net realized gain | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.13)<br>|
| Total distributions | &nbsp;&nbsp; (2.48)<br>| &nbsp;&nbsp;&nbsp; (2.29)<br>| &nbsp;&nbsp;&nbsp; (2.00)<br>| &nbsp;&nbsp;&nbsp; (1.54)<br>| &nbsp;&nbsp;&nbsp; (1.48)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $54.53 | &nbsp;&nbsp;&nbsp; $52.70 | &nbsp;&nbsp;&nbsp; $51.10 | &nbsp;&nbsp;&nbsp; $49.83 | &nbsp;&nbsp;&nbsp; $56.71 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 8.36<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.71<br> %<br>| &nbsp;&nbsp;&nbsp; (9.47)%<br>| &nbsp;&nbsp;&nbsp; (3.62)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>|
| Net investment income | 4.73<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.07<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.24<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $18292119 | &nbsp;&nbsp;&nbsp; $15336793 | &nbsp;&nbsp;&nbsp; $12539601 | &nbsp;&nbsp;&nbsp; $11026688 | &nbsp;&nbsp;&nbsp; $11188899 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 27<br> %<br>| &nbsp;&nbsp;&nbsp; 19<br> %<br>| &nbsp;&nbsp;&nbsp; 21<br> %<br>| &nbsp;&nbsp;&nbsp; 24<br> %<br>| &nbsp;&nbsp;&nbsp; 27<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights(continued)

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares 10+ Year Investment Grade Corporate Bond ETF  | iShares 10+ Year Investment Grade Corporate Bond ETF  | iShares 10+ Year Investment Grade Corporate Bond ETF  | iShares 10+ Year Investment Grade Corporate Bond ETF  | iShares 10+ Year Investment Grade Corporate Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $51.21 | &nbsp;&nbsp;&nbsp; $50.78 | &nbsp;&nbsp;&nbsp; $50.34 | &nbsp;&nbsp;&nbsp; $63.42 | &nbsp;&nbsp;&nbsp; $68.68 |
| Net investment income<sup>(a)</sup> | 2.61 | &nbsp;&nbsp;&nbsp;&nbsp;2.57 | &nbsp;&nbsp;&nbsp;&nbsp;2.47 | &nbsp;&nbsp;&nbsp;&nbsp;2.27 | &nbsp;&nbsp;&nbsp;&nbsp;2.18 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 0.24 | &nbsp;&nbsp;&nbsp;&nbsp;0.39 | &nbsp;&nbsp;&nbsp;&nbsp;0.39 | &nbsp;&nbsp;&nbsp; (13.06)<br>| &nbsp;&nbsp;&nbsp; (5.24)<br>|
| Net increase (decrease) from investment operations | 2.85 | &nbsp;&nbsp;&nbsp;&nbsp;2.96 | &nbsp;&nbsp;&nbsp;&nbsp;2.86 | &nbsp;&nbsp;&nbsp; (10.79)<br>| &nbsp;&nbsp;&nbsp; (3.06)<br>|
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (2.60)<br>| &nbsp;&nbsp;&nbsp; (2.53)<br>| &nbsp;&nbsp;&nbsp; (2.42)<br>| &nbsp;&nbsp;&nbsp; (2.29)<br>| &nbsp;&nbsp;&nbsp; (2.20)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $51.46 | &nbsp;&nbsp;&nbsp; $51.21 | &nbsp;&nbsp;&nbsp; $50.78 | &nbsp;&nbsp;&nbsp; $50.34 | &nbsp;&nbsp;&nbsp; $63.42 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 5.77<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.87<br> %<br>| &nbsp;&nbsp;&nbsp; (17.18)%<br>| &nbsp;&nbsp;&nbsp; (4.62)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> %<br>|
| Net investment income | 5.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.93<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.26<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.18<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $2778719 | &nbsp;&nbsp;&nbsp; $2754872 | &nbsp;&nbsp;&nbsp; $2107519 | &nbsp;&nbsp;&nbsp; $1600835 | &nbsp;&nbsp;&nbsp; $1991416 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 7<br> %<br>| &nbsp;&nbsp;&nbsp; 6<br> %<br>| &nbsp;&nbsp;&nbsp; 7<br> %<br>| &nbsp;&nbsp;&nbsp; 9<br> %<br>| &nbsp;&nbsp;&nbsp; 9<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

Financial Highlights

------

*Notes to Financial Statements* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***1. ORGANIZATION***

iShares Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following funds (each, a "Fund" and collectively, the "Funds"):

---

| | |
|:---|:---|
| *iShares ETF* | *Diversification* <br>*Classification* <br>|
| Broad USD Investment Grade Corporate Bond | &nbsp;&nbsp; Diversified |
| 1-5 Year Investment Grade Corporate Bond | &nbsp;&nbsp; Diversified |
| 5-10 Year Investment Grade Corporate Bond | &nbsp;&nbsp; Diversified |
| 10+ Year Investment Grade Corporate Bond | &nbsp;&nbsp; Diversified |

---

***2. SIGNIFICANT ACCOUNTING POLICIES***

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

**Investment Transactions and Income Recognition:** For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Upon notification from issuers or as estimated by management, a portion of the dividend income received from a real estate investment trust may be redesignated as a reduction of cost of the related investment and/or realized gain. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.

**Foreign Currency Translation:** Each Fund's books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates determined as of the close of trading on the New York Stock Exchange ("NYSE"). Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.

Each Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.

**Foreign Taxes:** The Funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, capital gains on investments, or certain foreign currency transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which each Fund invests. These foreign taxes, if any, are paid by each Fund and are reflected in its Statements of Operations as follows: foreign taxes withheld at source are presented as a reduction of income, foreign taxes on securities lending income are presented as a reduction of securities lending income, foreign taxes on stock dividends are presented as "Foreign taxes withheld", and foreign taxes on capital gains from sales of investments and foreign taxes on foreign currency transactions are included in their respective net realized gain (loss) categories. Foreign taxes payable or deferred as of February 28, 2026, if any, are disclosed in the Statements of Assets and Liabilities.

The Funds file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. The Funds may record a reclaim receivable based on collectability, which includes factors such as the jurisdiction's applicable laws, payment history and market convention. The Statements of Operations include tax reclaims recorded as well as professional and other fees, if any, associated with recovery of foreign withholding taxes.

**Cash:** The Funds may maintain cash at their custodian which, at times may exceed United States federally insured limits. The Funds may, at times, have outstanding cash disbursements that exceed deposited cash amounts at the custodian during the reporting period. The Funds are obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statements of Operations.

**In-kind Redemptions:** For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds' tax year. These reclassifications have no effect on net assets or net asset value ("NAV") per share.

**Distributions:** Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

**Indemnifications:** In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds' maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

**Segment Reporting:** The Chief Financial Officer acts as the Funds' Chief Operating Decision Maker ("CODM") and is responsible for assessing performance and allocating resources with respect to each Fund. The CODM has concluded that each Fund operates as a single operating segment since each Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within each Fund's financial statements.

**Recent Accounting Standard:** The Funds adopted Financial Accounting Standards Board Update 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures ("ASU 2023-09") during the period. ASU 2023-09 enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The Funds' adoption of the new standard did not have a material impact on financial statement disclosures and did not affect each Fund's financial position or results of operations.

***3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS***

**Investment Valuation Policies:** Each Fund's investments are valued at fair value (also referred to as "market value" within the financial statements) each day that the Fund's listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Trustees of the Trust (the "Board") of each Fund has approved the designation of BlackRock Fund Advisors ("BFA"), the Funds' investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA's policies. If a security's market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA's policies and procedures as reflecting fair value. BFA has formed a committee (the "Valuation Committee") to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

**Fair Value Inputs and Methodologies:** The following methods and inputs are used to establish the fair value of each Fund's assets and liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed-income investments and certain derivative instruments for which market quotations are readily available are generally valued using the last available bid price provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots of securities in certain asset classes may trade at lower prices than institutional round lots, and the value ultimately realized when the securities are sold could differ from the prices used by a fund. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

&nbsp;&nbsp;&nbsp;&nbsp;• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day's NAV.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee in accordance with BFA's policies and procedures as reflecting fair value ("Fair Valued Investments"). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm's-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement as of the measurement date.

Fair value pricing could result in a difference between the prices used to calculate a fund's NAV and the prices used by the fund's underlying index, which in turn could result in a difference between the fund's performance and the performance of the fund's underlying index.

**Fair Value Hierarchy:** Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that each Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

***4. SECURITIES AND OTHER INVESTMENTS***

**Zero-Coupon Bonds:** Zero-coupon bonds are normally issued at a significant discount from face value and do not provide for periodic interest payments. These bonds may experience greater volatility in market value than other debt obligations of similar maturity which provide for regular interest payments.

**Securities Lending:** Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. Government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current market value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund's Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an "MSLA") which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty's bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties' obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party's net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF and Counterparty* | *Securities Loaned* <br>*at Value*<br>| &nbsp;&nbsp; *Cash Collateral* <br>*Received*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Non-Cash Collateral* <br>*Received, at Fair Value*<sup>(a)</sup> <br>| *Net Amount* |
| Broad USD Investment Grade Corporate Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $328747358 | &nbsp;&nbsp;&nbsp; $(328747358) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Barclays Capital, Inc. | &nbsp;&nbsp; 18974693 | &nbsp;&nbsp;&nbsp; (18974693) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 5401662 | &nbsp;&nbsp;&nbsp; (5401662) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 121799012 | &nbsp;&nbsp;&nbsp; (121799012) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 53485140 | &nbsp;&nbsp;&nbsp; (53485140) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citadel Clearing LLC | &nbsp;&nbsp; 4716799 | &nbsp;&nbsp;&nbsp; (4716799) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 42352508 | &nbsp;&nbsp;&nbsp; (42352508) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Deutsche Bank Securities, Inc. | &nbsp;&nbsp; 97447232 | &nbsp;&nbsp;&nbsp; (97447232) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 271376088 | &nbsp;&nbsp;&nbsp; (271376088) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| HSBC Securities (USA), Inc. | &nbsp;&nbsp; 11803771 | &nbsp;&nbsp;&nbsp; (11803771) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 356794188 | &nbsp;&nbsp;&nbsp; (356794188) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Jefferies LLC | &nbsp;&nbsp; 1468293 | &nbsp;&nbsp;&nbsp; (1468293) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 20195496 | &nbsp;&nbsp;&nbsp; (20195496) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 56786883 | &nbsp;&nbsp;&nbsp; (56786883) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 38382415 | &nbsp;&nbsp;&nbsp; (38382415) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Nomura Securities International, Inc. | &nbsp;&nbsp; 21932476 | &nbsp;&nbsp;&nbsp; (21932476) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 41957771 | &nbsp;&nbsp;&nbsp; (41957771) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 64696207 | &nbsp;&nbsp;&nbsp; (64696207) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 7125156 | &nbsp;&nbsp;&nbsp; (7125156) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital, Inc. | &nbsp;&nbsp; 13737040 | &nbsp;&nbsp;&nbsp; (13737040) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 2063900 | &nbsp;&nbsp;&nbsp; (2063900) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 5613974 | &nbsp;&nbsp;&nbsp; (5613974) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 5148810 | &nbsp;&nbsp;&nbsp; (5148810) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 6732376 | &nbsp;&nbsp;&nbsp; (6732376) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 71677216 | &nbsp;&nbsp;&nbsp; (71677216) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $1670416464 | &nbsp;&nbsp;&nbsp; $(1670416464) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| 1-5 Year Investment Grade Corporate Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $189912102 | &nbsp;&nbsp;&nbsp; $(189912102) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Barclays Capital, Inc. | &nbsp;&nbsp; 19101595 | &nbsp;&nbsp;&nbsp; (19101595) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 11490247 | &nbsp;&nbsp;&nbsp; (11490247) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 42988546 | &nbsp;&nbsp;&nbsp; (42988546) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 48190486 | &nbsp;&nbsp;&nbsp; (48190486) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citadel Clearing LLC | &nbsp;&nbsp; 344320 | &nbsp;&nbsp;&nbsp; (344320) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 66953474 | &nbsp;&nbsp;&nbsp; (66953474) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Deutsche Bank Securities, Inc. | &nbsp;&nbsp; 82266279 | &nbsp;&nbsp;&nbsp; (82266279) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 174064566 | &nbsp;&nbsp;&nbsp; (174064566) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| HSBC Securities (USA), Inc. | &nbsp;&nbsp; 10693024 | &nbsp;&nbsp;&nbsp; (10693024) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 407501557 | &nbsp;&nbsp;&nbsp; (407501557) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Jefferies LLC | &nbsp;&nbsp; 1159307 | &nbsp;&nbsp;&nbsp; (1159307) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 25702212 | &nbsp;&nbsp;&nbsp; (25702212) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 47682634 | &nbsp;&nbsp;&nbsp; (47682634) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 47542503 | &nbsp;&nbsp;&nbsp; (47542503) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Nomura Securities International, Inc. | &nbsp;&nbsp; 25112408 | &nbsp;&nbsp;&nbsp; (25112408) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 56720765 | &nbsp;&nbsp;&nbsp; (56720765) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 48720957 | &nbsp;&nbsp;&nbsp; (48720957) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 274755 | &nbsp;&nbsp;&nbsp; (274755) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital, Inc. | &nbsp;&nbsp; 3758026 | &nbsp;&nbsp;&nbsp; (3758026) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 8611899 | &nbsp;&nbsp;&nbsp; (8611899) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 5581459 | &nbsp;&nbsp;&nbsp; (5581459) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 3127237 | &nbsp;&nbsp;&nbsp; (3127237) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 70346565 | &nbsp;&nbsp;&nbsp; (70346565) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $1397846923 | &nbsp;&nbsp;&nbsp; $(1397846923) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |

---

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF and Counterparty* | *Securities Loaned*<br> *at Value*<br>| &nbsp;&nbsp; *Cash Collateral*<br> *Received*<sup>(a)</sup><br>| &nbsp;&nbsp; *Non-Cash Collateral*<br> *Received, at Fair Value*<sup>(a)</sup><br>| *Net Amount* |
| 5-10 Year Investment Grade Corporate Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $452700673 | &nbsp;&nbsp;&nbsp; $(452700673) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Barclays Capital, Inc. | &nbsp;&nbsp; 23336447 | &nbsp;&nbsp;&nbsp; (23336447) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 6970894 | &nbsp;&nbsp;&nbsp; (6970894) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 95563780 | &nbsp;&nbsp;&nbsp; (95563780) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 74615602 | &nbsp;&nbsp;&nbsp; (74615602) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citadel Clearing LLC | &nbsp;&nbsp; 5329121 | &nbsp;&nbsp;&nbsp; (5329121) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 58134655 | &nbsp;&nbsp;&nbsp; (58134655) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Deutsche Bank Securities, Inc. | &nbsp;&nbsp; 156538221 | &nbsp;&nbsp;&nbsp; (156538221) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 269954326 | &nbsp;&nbsp;&nbsp; (269954326) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| HSBC Securities (USA), Inc. | &nbsp;&nbsp; 31995039 | &nbsp;&nbsp;&nbsp; (31995039) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 398830601 | &nbsp;&nbsp;&nbsp; (398830601) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Jefferies LLC | &nbsp;&nbsp; 539749 | &nbsp;&nbsp;&nbsp; (539749) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 31192977 | &nbsp;&nbsp;&nbsp; (31192977) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 83614345 | &nbsp;&nbsp;&nbsp; (83614345) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 56900854 | &nbsp;&nbsp;&nbsp; (56900854) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Nomura Securities International, Inc. | &nbsp;&nbsp; 39710143 | &nbsp;&nbsp;&nbsp; (39710143) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 47960777 | &nbsp;&nbsp;&nbsp; (47960777) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 165848265 | &nbsp;&nbsp;&nbsp; (165848265) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 17396939 | &nbsp;&nbsp;&nbsp; (17396939) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital, Inc. | &nbsp;&nbsp; 1053264 | &nbsp;&nbsp;&nbsp; (1053264) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 187039 | &nbsp;&nbsp;&nbsp; (187039) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 11134720 | &nbsp;&nbsp;&nbsp; (11134720) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 14855021 | &nbsp;&nbsp;&nbsp; (14855021) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 10980197 | &nbsp;&nbsp;&nbsp; (10980197) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 168287745 | &nbsp;&nbsp;&nbsp; (168287745) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $2223631394 | &nbsp;&nbsp;&nbsp; $(2223631394) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| 10+ Year Investment Grade Corporate Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $67233796 | &nbsp;&nbsp;&nbsp; $(67233796) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 761132 | &nbsp;&nbsp;&nbsp; (761132) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 36969747 | &nbsp;&nbsp;&nbsp; (36969747) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 6439332 | &nbsp;&nbsp;&nbsp; (6439332) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citadel Clearing LLC | &nbsp;&nbsp; 1698762 | &nbsp;&nbsp;&nbsp; (1698762) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 10106686 | &nbsp;&nbsp;&nbsp; (10106686) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Deutsche Bank Securities, Inc. | &nbsp;&nbsp; 8822413 | &nbsp;&nbsp;&nbsp; (8822413) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 67852508 | &nbsp;&nbsp;&nbsp; (67852508) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| HSBC Securities (USA), Inc. | &nbsp;&nbsp; 412337 | &nbsp;&nbsp;&nbsp; (412337) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 63809045 | &nbsp;&nbsp;&nbsp; (63809045) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Jefferies LLC | &nbsp;&nbsp; 24063 | &nbsp;&nbsp;&nbsp; (24063) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 3304941 | &nbsp;&nbsp;&nbsp; (3304941) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 5815716 | &nbsp;&nbsp;&nbsp; (5815716) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank Financial Inc. | &nbsp;&nbsp; 3500142 | &nbsp;&nbsp;&nbsp; (3500142) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Nomura Securities International, Inc. | &nbsp;&nbsp; 987290 | &nbsp;&nbsp;&nbsp; (987290) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 4854696 | &nbsp;&nbsp;&nbsp; (4854696) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 10293934 | &nbsp;&nbsp;&nbsp; (10293934) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 2886153 | &nbsp;&nbsp;&nbsp; (2886153) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 690737 | &nbsp;&nbsp;&nbsp; (690737) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 137686 | &nbsp;&nbsp;&nbsp; (137686) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 205204 | &nbsp;&nbsp;&nbsp; (205204) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 10380930 | &nbsp;&nbsp;&nbsp; (10380930) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $307187250 | &nbsp;&nbsp;&nbsp; $(307187250) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund's Statements of Assets and Liabilities. 

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock Finance, Inc. BlackRock Finance, Inc.'s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES***

**Investment Advisory Fees:** Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund's assets. BFA is a California corporation indirectly owned by BlackRock, Inc. ("BlackRock"). Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to each Fund, BFA is entitled to an annual investment advisory fee of 0.04%, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund.

**Distributor:** BlackRock Investments, LLC ("BRIL"), an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

**ETF Servicing Fees:** Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units ("ETF Services"). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.

**Securities Lending:** The U.S. Securities and Exchange Commission ("SEC") has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. ("BTC"), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the "collateral investment fees"). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. BlackRock Cash Funds: Institutional may impose a discretionary liquidity fee of up to 2% on all redemptions. Discretionary liquidity fees may be imposed or terminated at any time at the discretion of the board of directors of the money market fund, or its delegate, if it is determined that such fee would be, or would not be, respectively, in the best interest of the money market fund. Additionally, BlackRock Cash Funds: Institutional will impose a mandatory liquidity fee if the money market fund's total net redemptions on a single day exceed 5% of the money market fund's net assets, unless the amount of the fee is less than 0.01% of the value of the shares redeemed. BlackRock Cash Funds: Institutional will determine the size of the mandatory liquidity fee by making a good faith estimate of certain costs the money market fund would incur if it were to sell a pro rata amount of each security in the portfolio to satisfy the amount of net redemptions on that day. There is no limit to the size of a mandatory liquidity fee. If BlackRock Cash Funds: Institutional cannot estimate the costs of selling a pro rata amount of each portfolio security in good faith and supported by data, it is required to apply a default liquidity fee of 1% on the value of shares redeemed on that day.

Securities lending income is generally equal to the total of income earned from the reinvestment of cash collateral (and excludes collateral investment fees), and any fees or other payments to and from borrowers of securities. Each Fund retains a portion of the securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across the iShares ETF Complex in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 28, 2026, the Funds paid BTC the following amounts for securities lending agent services:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts* |
| Broad USD Investment Grade Corporate Bond | &nbsp;&nbsp; $1412096 |
| 1-5 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 1577600 |
| 5-10 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 1774743 |
| 10+ Year Investment Grade Corporate Bond | &nbsp;&nbsp; 251816 |

---

**Trustees and Officers:** Certain trustees and/or officers of the Trust are directors and/or officers of BlackRock or its affiliates.

**Other Transactions:** Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund's underlying index.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***6. PURCHASES AND SALES***

For the year ended February 28, 2026, purchases and sales of investments, excluding short-term securities and in-kind transactions, were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | *U.S. Government Securities* | *Other Securities* | *Other Securities* |
| *iShares ETF* | &nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* |
| Broad USD Investment Grade Corporate Bond | &nbsp;&nbsp; $876869 | &nbsp;&nbsp;&nbsp; $1861832461 | &nbsp;&nbsp;&nbsp; $1786454756 |
| 1-5 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 2804195 | &nbsp;&nbsp;&nbsp; 6011820290 | &nbsp;&nbsp;&nbsp; 6084924584 |
| 5-10 Year Investment Grade Corporate Bond | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4252764136 | &nbsp;&nbsp;&nbsp; 4263048608 |
| 10+ Year Investment Grade Corporate Bond | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 192280750 | &nbsp;&nbsp;&nbsp; 181679505 |

---

For the year ended February 28, 2026, in-kind transactions were as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *In-kind* <br>*Purchases*<br>| &nbsp;&nbsp; *In-kind* <br>*Sales*<br>|
| Broad USD Investment Grade Corporate Bond | &nbsp;&nbsp; $5719702027 | &nbsp;&nbsp;&nbsp; $1722648160 |
| 1-5 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 8603865588 | &nbsp;&nbsp;&nbsp; 8096730746 |
| 5-10 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 5848534611 | &nbsp;&nbsp;&nbsp; 3521316114 |
| 10+ Year Investment Grade Corporate Bond | &nbsp;&nbsp; 2206663296 | &nbsp;&nbsp;&nbsp; 2176727732 |

---

***7. INCOME TAX INFORMATION***

Each Fund is treated as an entity separate from the Trust's other funds for federal income tax purposes. It is each Fund's policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of February 28, 2026, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds' financial statements. Management's analysis is based on the tax laws and judicial and administrative interpretations thereof in effect as of the date of these financial statements, all of which are subject to change, possibly with retroactive effect, which may impact the Funds' NAV.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 28, 2026, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Paid-in Capital* | &nbsp;&nbsp; *Accumulated* <br>*Earnings (Loss)*<br>|
| Broad USD Investment Grade Corporate Bond | &nbsp;&nbsp; $34991402 | &nbsp;&nbsp;&nbsp; $(34991402) |
| 1-5 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 122634928 | &nbsp;&nbsp;&nbsp; (122634928) |
| 5-10 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 85478835 | &nbsp;&nbsp;&nbsp; (85478835) |
| 10+ Year Investment Grade Corporate Bond | &nbsp;&nbsp; (22139022) | &nbsp;&nbsp;&nbsp; 22139022 |

---

The tax character of distributions paid was as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Year Ended* <br>*02/28/26*<br>| &nbsp;&nbsp; *Year Ended* <br>*02/28/25*<br>|
| Broad USD Investment Grade Corporate Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $669389306 | &nbsp;&nbsp;&nbsp; $521252074 |
| 1-5 Year Investment Grade Corporate Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $969527116 | &nbsp;&nbsp;&nbsp; $854199269 |
| 5-10 Year Investment Grade Corporate Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $747971495 | &nbsp;&nbsp;&nbsp; $615689462 |
| 10+ Year Investment Grade Corporate Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $133910467 | &nbsp;&nbsp;&nbsp; $124382045 |

---

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

As of February 28, 2026, the tax components of accumulated earnings (loss) were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Undistributed* <br>*Ordinary Income*<br>| &nbsp;&nbsp; *Non-expiring* <br>*Capital Loss* <br>*Carryforwards*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Net Unrealized* <br>*Gains (Losses)*<sup>(b)</sup> <br>| *Total* |
| Broad USD Investment Grade Corporate Bond | &nbsp;&nbsp; $67303668 | &nbsp;&nbsp;&nbsp; $(242715295) | &nbsp;&nbsp;&nbsp; $(323780824) | &nbsp;&nbsp;&nbsp; $(499192451) |
| 1-5 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 85863307 | &nbsp;&nbsp;&nbsp; (626909094) | &nbsp;&nbsp;&nbsp; 322638382 | &nbsp;&nbsp;&nbsp; (218407405) |
| 5-10 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 72875534 | &nbsp;&nbsp;&nbsp; (1043915486) | &nbsp;&nbsp;&nbsp; 278370338 | &nbsp;&nbsp;&nbsp; (692669614) |
| 10+ Year Investment Grade Corporate Bond | &nbsp;&nbsp; 12398685 | &nbsp;&nbsp;&nbsp; (144103346) | &nbsp;&nbsp;&nbsp; (319437903) | &nbsp;&nbsp;&nbsp; (451142564) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Amounts available to offset future realized capital gains.

<sup>(b)</sup> The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities and the classification of investments. 

As of February 28, 2026, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Tax Cost* | &nbsp;&nbsp; *Gross Unrealized* <br>*Appreciation*<br>| &nbsp;&nbsp; *Gross Unrealized* <br>*Depreciation*<br>| &nbsp;&nbsp; *Net Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Broad USD Investment Grade Corporate Bond | &nbsp;&nbsp; $18796658432 | &nbsp;&nbsp;&nbsp; $213631326 | &nbsp;&nbsp;&nbsp; $(537412163) | &nbsp;&nbsp;&nbsp; $(323780837) |
| 1-5 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 23344253595 | &nbsp;&nbsp;&nbsp; 329874190 | &nbsp;&nbsp;&nbsp; (7235830) | &nbsp;&nbsp;&nbsp; 322638360 |
| 5-10 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 20020373220 | &nbsp;&nbsp;&nbsp; 402532684 | &nbsp;&nbsp;&nbsp; (124162346) | &nbsp;&nbsp;&nbsp; 278370338 |
| 10+ Year Investment Grade Corporate Bond | &nbsp;&nbsp; 3364531058 | &nbsp;&nbsp;&nbsp; 6873627 | &nbsp;&nbsp;&nbsp; (326311530) | &nbsp;&nbsp;&nbsp; (319437903) |

---

***8. PRINCIPAL RISKS***

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject each Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund's prospectus provides details of the risks to which the Fund is subject.

BFA uses an indexing approach to try to achieve each Fund's investment objective. The Funds are not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to mandatory and discretionary liquidity fees under certain circumstances.

**Market Risk:** Each Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force each Fund to reinvest in lower yielding securities. Each Fund may also be exposed to reinvestment risk, which is the risk that income from each Fund's portfolio will decline if each Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below each Fund portfolio's current earnings rate.

**Counterparty Credit Risk:** The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds' exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

**Geographic/Asset Class Risk:** A diversified portfolio, where this is appropriate and consistent with a fund's objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund's portfolio are disclosed in its Schedule of Investments.

The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative "debt ceiling." Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the Funds invest.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

Certain Funds invest a significant portion of their assets in high yield securities. High yield securities that are rated below investment-grade (commonly referred to as "junk bonds") or are unrated may be deemed speculative, involve greater levels of risk than higher-rated securities of similar maturity and are more likely to default. High yield securities may be issued by less creditworthy issuers, and issuers of high yield securities may be unable to meet their interest or principal payment obligations. High yield securities are subject to extreme price fluctuations, may be less liquid than higher rated fixed-income securities, even under normal economic conditions, and frequently have redemption features.

The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates during a period of historically low interest rates. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility, and could negatively impact the Funds' performance.

Certain Funds invest a significant portion of their assets within the financials sector. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, changes in government regulations, economic conditions, and interest rates, credit rating downgrades, adverse public perception, exposure concentration and decreased liquidity in credit markets. The impact of changes in capital requirements and recent or future regulation on any individual financial company, or on the financials sector as a whole, cannot be predicted, but may negatively impact the Funds.

**Significant Shareholder Redemption Risk:** Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund's NAV, increase the fund's brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

***9. CAPITAL SHARE TRANSACTIONS***

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof ("Creation Units") at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

Transactions in capital shares were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Year Ended <br>02/28/26 | Year Ended <br>02/28/26 | Year Ended <br>02/28/25 | Year Ended <br>02/28/25 |
| *iShares ETF* | *Shares* | *Amount* | *Shares* | *Amount* |
| Broad USD Investment Grade Corporate Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 115250000 | &nbsp;&nbsp;&nbsp; $5925931739 | &nbsp;&nbsp;&nbsp; 52250000 | &nbsp;&nbsp;&nbsp; $2655389100 |
| Shares redeemed | &nbsp;&nbsp; (34800000)<br>| &nbsp;&nbsp;&nbsp; (1793128969)<br>| &nbsp;&nbsp;&nbsp; (16450000)<br>| &nbsp;&nbsp;&nbsp; (830468771)<br>|
|  | &nbsp;&nbsp; 80450000 | &nbsp;&nbsp;&nbsp; $4132802770 | &nbsp;&nbsp;&nbsp; 35800000 | &nbsp;&nbsp;&nbsp; $1824920329 |
| 1-5 Year Investment Grade Corporate Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 168300000 | &nbsp;&nbsp;&nbsp; $8853280347 | &nbsp;&nbsp;&nbsp; 121100000 | &nbsp;&nbsp;&nbsp; $6258576579 |
| Shares redeemed | &nbsp;&nbsp; (158050000)<br>| &nbsp;&nbsp;&nbsp; (8304119225)<br>| &nbsp;&nbsp;&nbsp; (124500000)<br>| &nbsp;&nbsp;&nbsp; (6414157666)<br>|
|  | &nbsp;&nbsp; 10250000 | &nbsp;&nbsp;&nbsp; $549161122 | &nbsp;&nbsp;&nbsp; (3400000)<br>| &nbsp;&nbsp;&nbsp; $(155581087)<br>|
| 5-10 Year Investment Grade Corporate Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 112250000 | &nbsp;&nbsp;&nbsp; $5997655423 | &nbsp;&nbsp;&nbsp; 115850000 | &nbsp;&nbsp;&nbsp; $6003740361 |
| Shares redeemed | &nbsp;&nbsp; (67800000)<br>| &nbsp;&nbsp;&nbsp; (3596705139)<br>| &nbsp;&nbsp;&nbsp; (70250000)<br>| &nbsp;&nbsp;&nbsp; (3637090255)<br>|
|  | &nbsp;&nbsp; 44450000 | &nbsp;&nbsp;&nbsp; $2400950284 | &nbsp;&nbsp;&nbsp; 45600000 | &nbsp;&nbsp;&nbsp; $2366650106 |
| 10+ Year Investment Grade Corporate Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 44800000 | &nbsp;&nbsp;&nbsp; $2259612128 | &nbsp;&nbsp;&nbsp; 39400000 | &nbsp;&nbsp;&nbsp; $2020313325 |
| Shares redeemed | &nbsp;&nbsp; (44600000)<br>| &nbsp;&nbsp;&nbsp; (2236973656)<br>| &nbsp;&nbsp;&nbsp; (27100000)<br>| &nbsp;&nbsp;&nbsp; (1377997950)<br>|
|  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; $22638472 | &nbsp;&nbsp;&nbsp; 12300000 | &nbsp;&nbsp;&nbsp; $642315375 |

---

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to BRIL, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

To the extent applicable, to facilitate the timely settlement of orders for the Funds using a clearing facility outside of the continuous net settlement process, the Funds, at their sole discretion, may permit an Authorized Participant to post cash as collateral in anticipation of the delivery of all or a portion of the applicable Deposit Securities or Fund Securities, as further described in the applicable Authorized Participant Agreement. The collateral process is subject to a Control Agreement among the Authorized Participant, each Funds' custodian, and the Funds. In the event that the Authorized Participant fails to deliver all or a portion of the applicable Deposit Securities or Fund Securities, the Funds may exercise control over such collateral pursuant to the terms of the Control Agreement in order to purchase the applicable Deposit Securities or Fund Securities.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

***10. SUBSEQUENT EVENTS***

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

Notes to Financial Statements

------

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

iShares Trust and Shareholders of each of the four funds listed in the table below

***Opinions on the Financial Statements***

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (four of the funds constituting iShares Trust, hereafter collectively referred to as the "Funds") as of February 28, 2026, the related statements of operations for the year ended February 28, 2026, the statements of changes in net assets for each of the two years in the period ended February 28, 2026, including the related notes, and the financial highlights for each of the five years in the period ended February 28, 2026 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds listed in the table below as of February 28, 2026, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 28, 2026 and each of the financial highlights for each of the five years in the period ended February 28, 2026 in conformity with accounting principles generally accepted in the United States of America.

---

| |
|:---|
| iShares Broad USD Investment Grade Corporate Bond ETF |
| iShares 1-5 Year Investment Grade Corporate Bond ETF |
| iShares 5-10 Year Investment Grade Corporate Bond ETF |
| iShares 10+ Year Investment Grade Corporate Bond ETF |

---

***Basis for Opinions***

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 21, 2026

We have served as the auditor of one or more BlackRock investment companies since 2000.

2026 iShares Annual Financial Statements and Additional Information

------

Important Tax Information (unaudited)

The Funds hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Federal Obligation* <br>*Interest*<br>|
| Broad USD Investment Grade Corporate Bond | &nbsp;&nbsp; $537448 |
| 1-5 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 1173007 |
| 5-10 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 1748294 |
| 10+ Year Investment Grade Corporate Bond | &nbsp;&nbsp; 418395 |

---

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest Dividends* |
| Broad USD Investment Grade Corporate Bond | &nbsp;&nbsp; $681461797 |
| 1-5 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 968689961 |
| 5-10 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 755237800 |
| 10+ Year Investment Grade Corporate Bond | &nbsp;&nbsp; 133675700 |

---

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest-Related* <br>*Dividends*<br>|
| Broad USD Investment Grade Corporate Bond | &nbsp;&nbsp; $531678653 |
| 1-5 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 708093803 |
| 5-10 Year Investment Grade Corporate Bond | &nbsp;&nbsp; 577835950 |
| 10+ Year Investment Grade Corporate Bond | &nbsp;&nbsp; 113041647 |

---

Important Tax Information

------

Additional Information

**Premium/Discount Information**

Information on the Fund's net asset value, market price, premiums and discounts, and bid-ask spreads can be found at **iShares.com**.

**Regulation under the Alternative Investment Fund Managers Directive**

The Alternative Investment Fund Managers Directive, and its United Kingdom ("UK") equivalent, (the "AIFMD") impose detailed and prescriptive obligations on fund managers established in the European Union (the "EU") and the UK. These do not currently apply to managers established outside of the EU or UK, such as BFA (the "Company"). However, the Company is required to comply with certain disclosure, reporting and transparency obligations of the AIFMD because it has registered the iShares 1-5 Year Investment Grade Corporate Bond ETF and iShares 5-10 Year Investment Grade Corporate Bond ETF (the "Funds") to be marketed to investors in the EU and/or UK.

**Report on Remuneration**

BlackRock has a clear and well-defined pay-for-performance philosophy, and compensation programs which support that philosophy.

BlackRock operates a total compensation model for remuneration which includes a base salary, which is contractual, and a discretionary bonus scheme. Although all employees are eligible to receive a discretionary bonus, there is no contractual obligation to make a discretionary bonus award to any employees. For senior management and staff who have the ability to materially affect the risk profile of the Funds, a significant percentage of variable remuneration is deferred over time. All employees are subject to a clawback policy.

Remuneration decisions for employees are made once annually in January following the end of the performance year, based on BlackRock's full-year financial results and other non-financial goals and objectives. Alongside financial performance, individual total compensation is also based on strategic and operating results and other considerations such as management and leadership capabilities. No set formulas are established and no fixed benchmarks are used in determining annual incentive awards.

Annual incentive awards are paid from a bonus pool which is reviewed throughout the year by BlackRock's independent compensation committee, taking into account both actual and projected financial information together with information provided by the Enterprise Risk and Regulatory Compliance departments in relation to any activities, incidents or events that warrant consideration in making compensation decisions. Individuals are not involved in setting their own remuneration.

Each of the control functions (Enterprise Risk, Legal & Compliance, Finance, Human Resources and Internal Audit) each have their own organizational structures which are independent of the business units and therefore staff members in control functions are remunerated independently of the businesses they oversee. Functional bonus pools for those control functions are determined with reference to the performance of each individual function and the remuneration of the senior members of control functions is directly overseen by BlackRock's independent remuneration committee.

The Company is required under the AIFMD to make quantitative disclosures of remuneration. These disclosures are made in line with BlackRock's interpretation of currently available regulatory guidance on quantitative remuneration disclosures. As market or regulatory practice develops BlackRock may consider it appropriate to make changes to the way in which quantitative remuneration disclosures are calculated. Where such changes are made, this may result in disclosures in relation to a fund not being comparable to the disclosures made in the prior year, or in relation to other BlackRock fund disclosures in that same year.

Remuneration information at an individual Fund level is not readily available. Disclosures are provided in relation to (a) the staff of the Company; (b) staff who are senior management; (c) staff who have the ability to materially affect the risk profile of the Funds; and (d) staff of companies to which portfolio management and risk management has been formally delegated.

All individuals included in the aggregated figures disclosed are rewarded in line with BlackRock's remuneration policy for their responsibilities across the relevant BlackRock business area. As all individuals have a number of areas of responsibilities, only the portion of remuneration for those individuals' services attributable to the Funds is included in the aggregate figures disclosed.

Members of staff and senior management of the Company typically provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the Company and across the broader BlackRock group. Conversely, members of staff and senior management of the broader BlackRock group may provide both AIFMD and non-AIFMD related services in respect of multiple funds, clients and functions of the broader BlackRock group and of the Company. Therefore, the figures disclosed are a sum of individuals' portion of remuneration attributable to the Company according to an objective apportionment methodology which acknowledges the multiple-service nature of the Company and the broader BlackRock group. Accordingly, the figures are not representative of any individual's actual remuneration or their remuneration structure.

The amount of the total remuneration awarded to the Company's staff in respect of the Company's financial year ending December 31, 2025, was USD 10.34 million. This figure is comprised of fixed remuneration of USD 0.64 million and variable remuneration of USD 9.70 million. There was a total of 5 beneficiaries of the remuneration described above.

The amount of the aggregate remuneration awarded by the Company in respect of the Company's financial year ending December 31, 2025, to its senior management was USD 9.17 million, and to other members of its staff whose actions potentially have a material impact on the risk profile of the Company, or its funds was USD 1.17 million.

2026 iShares Annual Financial Statements and Additional Information

------

Additional Information (continued)

**Disclosures Under the EU Sustainable Finance Disclosure Regulation** 

The iShares 1-5 Year Investment Grade Corporate Bond ETF and iShares 5-10 Year Investment Grade Corporate Bond ETF (the "Funds") are registered under the Alternative Investment Fund Managers Directive to be marketed to European Union ("EU") investors, as noted above. As a result, certain disclosures are required under the EU Sustainable Finance Disclosure Regulation ("SFDR").

Each Fund has not been categorized under the SFDR as an "Article 8" or "Article 9" product. In addition, each Fund's investment strategy does not take into account the criteria for environmentally sustainable economic activities under the EU sustainable investment taxonomy regulation or principal adverse impacts ("PAIs") on sustainability factors under the SFDR. PAIs are identified under the SFDR as the material impacts of investment decisions on sustainability factors relating to environmental, social and employee matters, respect for human rights, and anti-corruption and anti-bribery matters.

**Electronic Delivery**

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at **iShares.com**. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

To enroll in electronic delivery:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Go to **icsdelivery.com**.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

**Changes in and Disagreements with Accountants** 

Not applicable.

**Proxy Results**

Not applicable.

**Remuneration Paid to Trustees, Officers, and Others** 

Because BFA has agreed in the Investment Advisory Agreements to cover all operating expenses of the Funds, subject to certain exclusions as provided for therein, BFA pays the compensation to each Independent Trustee for services to the Funds from BFA's investment advisory fees.

**Availability of Portfolio Holdings Information**

A description of the Company's policies and procedures with respect to the disclosure of the Fund's portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets, when available, at **iShares.com**.

Additional Information

------

Glossary of Terms Used in these Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury |
| JSC | Joint Stock Company |
| PJSC | Public Joint Stock Company |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |

---

2026 iShares Annual Financial Statements and Additional Information

------

Want to know more?

**iShares.com** \| 1-800-474-2737

**This report is intended for the Funds' shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.**

**Investing involves risk, including possible loss of principal.**

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by ICE Data Indices, LLC, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. All rights reserved. **iSHARES** and **BLACKROCK** are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

![](g147625img0193098b2.gif)

![](g147625img2aea2c113.gif)

------

February 28, 2026

![](g147625imgf2fda7431.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; 2026 Annual Financial Statements <br> and Additional Information <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **iShares Trust** |
| • iShares ESG Advanced Universal USD Bond ETF \| EUSB \| NYSE Arca |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Page |
| [Schedule of Investments](#xx_025af15f-fd8a-4552-a85f-b231c6b8b4b8_SOIs-Footer-iSharesReport_1)  | &nbsp;&nbsp; 3 |
| [Statement of Assets and Liabilities](#xx_025af15f-fd8a-4552-a85f-b231c6b8b4b8_FS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 45 |
| [Statement of Operations](#xx_025af15f-fd8a-4552-a85f-b231c6b8b4b8_FS-Footer-iSharesReport_2)  | &nbsp;&nbsp; 46 |
| [Statements of Changes in Net Assets](#xx_025af15f-fd8a-4552-a85f-b231c6b8b4b8_FS-Footer-iSharesReport_3)  | &nbsp;&nbsp; 47 |
| [Financial Highlights](#xx_025af15f-fd8a-4552-a85f-b231c6b8b4b8_FS-Footer-iSharesReport_4)  | &nbsp;&nbsp; 48 |
| [Notes to Financial Statements](#xx_025af15f-fd8a-4552-a85f-b231c6b8b4b8_NTFS-Footer-iSharesReport-1051_1)  | &nbsp;&nbsp; 49 |
| [Report of Independent Registered Public Accounting Firm](#xx_025af15f-fd8a-4552-a85f-b231c6b8b4b8_opinion-Footer-iSharesReport_1)  | &nbsp;&nbsp; 57 |
| [Important Tax Information](#xx_025af15f-fd8a-4552-a85f-b231c6b8b4b8_Tax-annual-Footer-iSharesReport-1051_1)  | &nbsp;&nbsp; 58 |
| [Additional Information](#xx_025af15f-fd8a-4552-a85f-b231c6b8b4b8_SAI-Footer-iSharesReport-1051_1)  | &nbsp;&nbsp; 59 |
| [Glossary of Terms Used in these Financial Statements](#xx_025af15f-fd8a-4552-a85f-b231c6b8b4b8_Abbreviations-Footer-iSharesReport_1)  | &nbsp;&nbsp; 60 |

---

------

Schedule of Investments

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| Ally Auto Receivables Trust 2025-1, 3.96%, 03/15/30 | &nbsp;&nbsp; $250 | $251092 |
| American Express Credit Account Master Trust |  |  |
| 5.24%, 04/15/31 | &nbsp;&nbsp; 500 | 522887 |
| 4.30%, 07/15/30 | &nbsp;&nbsp; 250 | 253792 |
| GM Financial Consumer Automobile Receivables <br> Trust, 5.16%, 08/16/29<br>| &nbsp;&nbsp; 500 | 509473 |
| Honda Auto Receivables Owner Trust, 4.04%, <br> 02/21/30<br>| &nbsp;&nbsp; 500 | 502934 |
| **Total Asset-Backed Securities — 0.3%** <br>**(Cost: $2,015,227)** | **Total Asset-Backed Securities — 0.3%** <br>**(Cost: $2,015,227)** | 2040178 |
| **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** |
| **Mortgage-Backed Securities — 0.7%** | **Mortgage-Backed Securities — 0.7%** | **Mortgage-Backed Securities — 0.7%** |
| Bank, 2.56%, 05/15/64 | &nbsp;&nbsp; 200 | 183667 |
| Barclays Commercial Mortgage Trust, Series <br> 2019-C3, Class A4, 3.58%, 05/15/52<br>| &nbsp;&nbsp; 100 | 98220 |
| Benchmark Mortgage Trust |  |  |
| 5.18%, 04/15/57 | &nbsp;&nbsp; 100 | 103376 |
| Series 2018-B4, Class ASB, 4.06%, 07/15/51<sup>(a)</sup> | &nbsp;&nbsp; 476 | 475119 |
| Series 2020-B16, Class A5, 2.73%, 02/15/53 | &nbsp;&nbsp; 100 | 94624 |
| Series 2020-B21, Class A4, 1.70%, 12/17/53 | &nbsp;&nbsp; 100 | 91240 |
| BMO Mortgage Trust, 5.88%, 09/15/57<sup>(a)</sup> | &nbsp;&nbsp; 100 | 99980 |
| CGMS Commercial Mortgage Trust, Series 2017-B1 <br> AAB3.24%, 08/15/50<br>| &nbsp;&nbsp; 38 | 38160 |
| CSAIL Commercial Mortgage Trust, 4.05%, 03/15/52 | &nbsp;&nbsp; 200 | 198226 |
| Federal Home Loan Mortgage Corp., 4.40%, <br> 06/25/35<sup>(a)</sup><br>| &nbsp;&nbsp; 500 | 507189 |
| Federal Home Loan Mortgage Corp. Multifamily <br> Structured Pass-Through Certificates<br>|  |  |
| 3.00%, 09/25/29 | &nbsp;&nbsp; 500 | 489207 |
| 4.51%, 07/25/29 | &nbsp;&nbsp; 300 | 307096 |
| 5.36%, 01/25/29<sup>(a)</sup> | &nbsp;&nbsp; 950 | 989401 |
| GS Mortgage Securities Trust |  |  |
| 2.12%, 05/12/53 | &nbsp;&nbsp; 250 | 235912 |
| Series 2017-GS7, Class AAB, 3.20%, 08/10/50 | &nbsp;&nbsp; 175 | 173400 |
| UBS Commercial Mortgage Trust, Series 2018-C13 <br> ASB4.24%, 10/15/51<br>| &nbsp;&nbsp; 53 | 52987 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| 5.59%, 07/15/58 | &nbsp;&nbsp; 700 | 737028 |
| Series 2021-C59, Class A5, 2.63%, 04/15/54 | &nbsp;&nbsp; 600 | 551787 |
|  |  | 5426619 |
| **Total Collateralized Mortgage Obligations — 0.7%** <br>**(Cost: $5,507,209)** | **Total Collateralized Mortgage Obligations — 0.7%** <br>**(Cost: $5,507,209)** | 5426619 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.1%** | **Advertising — 0.1%** | **Advertising — 0.1%** |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| 7.13%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 50 | 52823 |
| 7.50%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp; 75 | 75547 |
| 7.50%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 55 | 59376 |
| 7.75%, 04/15/28<sup>(b)</sup> | &nbsp;&nbsp; 67 | 67555 |
| 7.88%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp; 85 | 89578 |
| Outfront Media Capital LLC/Outfront Media <br> Capital Corp.<br>|  |  |
| 4.25%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 47 | 46127 |
| 4.63%, 03/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp; 40 | 39257 |
| 5.00%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45006 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Advertising (continued)** | **Advertising (continued)** | **Advertising (continued)** |
| 7.38%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; $30 | $31538 |
| Stagwell Global LLC, 5.63%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp; 75 | 69027 |
|  |  | 575834 |
| **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** |
| ATI, Inc. |  |  |
| 4.88%, 10/01/29 | &nbsp;&nbsp; 25 | 24941 |
| 5.13%, 10/01/31 | &nbsp;&nbsp; 25 | 25119 |
| 5.88%, 12/01/27 | &nbsp;&nbsp; 25 | 24988 |
| 7.25%, 08/15/30 | &nbsp;&nbsp; 30 | 31412 |
|  |  | 106460 |
| **Agriculture — 0.0%** | **Agriculture — 0.0%** | **Agriculture — 0.0%** |
| Darling Ingredients, Inc. |  |  |
| 5.25%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39999 |
| 6.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 70 | 70932 |
|  |  | 110931 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| Allegiant Travel Co., 7.25%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp; 27 | 27253 |
| AS Mileage Plan IP Ltd., 5.31%, 10/20/31<sup>(b)</sup> | &nbsp;&nbsp; 110 | 112136 |
| JetBlue Airways Corp/JetBlue Loyalty LP, 9.88%, <br> 09/20/31<sup>(b)</sup><br>| &nbsp;&nbsp; 125 | 126891 |
| JetBlue Pass-Through Trust, Series 1A, 4.00%, <br> 05/15/34<sup>(c)</sup><br>| &nbsp;&nbsp; 37 | 35416 |
| Latam Airlines Group SA, 7.88%, 04/15/30<sup>(d)</sup> | &nbsp;&nbsp; 110 | 114765 |
| United Airlines Pass-Through Trust |  |  |
| 5.80%, 07/15/37 | &nbsp;&nbsp; 136 | 144646 |
| Series AA, 5.45%, 08/15/38 | &nbsp;&nbsp; 5 | 4886 |
| United Airlines, Inc., 4.63%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 235 | 235083 |
|  |  | 801076 |
| **Apparel — 0.0%** | **Apparel — 0.0%** | **Apparel — 0.0%** |
| Crocs, Inc. |  |  |
| 4.13%, 08/15/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28029 |
| 4.25%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24305 |
| Kontoor Brands, Inc., 4.13%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28582 |
| Under Armour, Inc., 7.25%, 07/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp; 25 | 25908 |
| Wolverine World Wide, Inc., 4.00%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 37749 |
|  |  | 144573 |
| **Auto Manufacturers — 0.6%** | **Auto Manufacturers — 0.6%** | **Auto Manufacturers — 0.6%** |
| American Honda Finance Corp. |  |  |
| 2.00%, 03/24/28 | &nbsp;&nbsp; 200 | 192568 |
| 2.25%, 01/12/29 | &nbsp;&nbsp; 295 | 281617 |
| 4.40%, 09/05/29 | &nbsp;&nbsp; 115 | 116505 |
| 4.45%, 10/22/27 | &nbsp;&nbsp; 120 | 121132 |
| 4.80%, 03/05/30 | &nbsp;&nbsp; 10 | 10244 |
| 4.85%, 10/23/31 | &nbsp;&nbsp; 125 | 128462 |
| 4.90%, 03/12/27 | &nbsp;&nbsp; 5 | 5055 |
| 4.90%, 01/10/34 | &nbsp;&nbsp; 105 | 106628 |
| 5.10%, 01/08/36 | &nbsp;&nbsp; 20 | 20170 |
| 5.15%, 07/09/32 | &nbsp;&nbsp; 5 | 5188 |
| 5.20%, 03/05/35 | &nbsp;&nbsp; 100 | 102293 |
| Cummins, Inc. |  |  |
| 1.50%, 09/01/30 | &nbsp;&nbsp; 110 | 99273 |
| 2.60%, 09/01/50 | &nbsp;&nbsp; 55 | 34209 |
| 4.70%, 02/15/31 | &nbsp;&nbsp; 125 | 128615 |
| 4.88%, 10/01/43 | &nbsp;&nbsp; 55 | 53419 |
| 5.15%, 02/20/34 | &nbsp;&nbsp; 65 | 67856 |
| 5.30%, 05/09/35 | &nbsp;&nbsp; 30 | 31573 |
| 5.45%, 02/20/54 | &nbsp;&nbsp; 70 | 69854 |
| General Motors Financial Co., Inc. |  |  |
| 2.40%, 04/10/28 | &nbsp;&nbsp; 200 | 193499 |
| 3.10%, 01/12/32 | &nbsp;&nbsp; 170 | 157130 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 3.60%, 06/21/30 | &nbsp;&nbsp; $320 | $310919 |
| 3.85%, 01/05/28 | &nbsp;&nbsp; 45 | 44862 |
| 5.00%, 07/15/27 | &nbsp;&nbsp; 440 | 445693 |
| 5.45%, 09/06/34 | &nbsp;&nbsp; 5 | 5134 |
| 5.45%, 01/08/36 | &nbsp;&nbsp; 5 | 5087 |
| 5.80%, 01/07/29 | &nbsp;&nbsp; 490 | 511756 |
| 6.10%, 01/07/34 | &nbsp;&nbsp; 260 | 278364 |
| 6.15%, 07/15/35 | &nbsp;&nbsp; 195 | 208607 |
| PACCAR Financial Corp. |  |  |
| 4.00%, 08/08/28 | &nbsp;&nbsp; 10 | 10086 |
| 4.00%, 09/26/29 | &nbsp;&nbsp; 15 | 15110 |
| 4.55%, 03/03/28 | &nbsp;&nbsp; 195 | 198598 |
| 4.60%, 01/31/29 | &nbsp;&nbsp; 5 | 5120 |
| 5.00%, 05/13/27 | &nbsp;&nbsp; 60 | 60989 |
| Wabash National Corp., 4.50%, 10/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp; 25 | 23064 |
|  |  | 4048679 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Adient Global Holdings Ltd., 7.50%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 75 | 78514 |
| American Axle & Manufacturing, Inc., 7.75%, <br> 10/15/33<sup>(b)</sup><br>| &nbsp;&nbsp; 50 | 50800 |
| BorgWarner, Inc. |  |  |
| 2.65%, 07/01/27 | &nbsp;&nbsp; 10 | 9825 |
| 5.40%, 08/15/34<sup>(c)</sup> | &nbsp;&nbsp; 145 | 150630 |
| Dana, Inc. |  |  |
| 4.25%, 09/01/30 | &nbsp;&nbsp; 16 | 15351 |
| 4.50%, 02/15/32 | &nbsp;&nbsp; 11 | 10483 |
| Garrett Motion Holdings, Inc./Garrett LX I SARL, <br> 7.75%, 05/31/32<sup>(b)</sup><br>| &nbsp;&nbsp; 52 | 54957 |
| Lear Corp. |  |  |
| 3.50%, 05/30/30 | &nbsp;&nbsp; 20 | 19398 |
| 3.55%, 01/15/52 | &nbsp;&nbsp; 20 | 13955 |
| 3.80%, 09/15/27 | &nbsp;&nbsp; 30 | 29934 |
| 4.25%, 05/15/29 | &nbsp;&nbsp; 55 | 54996 |
| 5.25%, 05/15/49<sup>(c)</sup> | &nbsp;&nbsp; 10 | 9233 |
| LG Energy Solution Ltd., 5.38%, 07/02/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 206833 |
| Phinia, Inc. |  |  |
| 6.63%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31170 |
| 6.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 45 | 46557 |
|  |  | 782636 |
| **Banks — 5.7%** | **Banks — 5.7%** | **Banks — 5.7%** |
| ABN AMRO Bank NV |  |  |
| 2.47%, 12/13/29, (1-year CMT + 1.10%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 70 | 66942 |
| 3.32%, 03/13/37, (5-year CMT + 1.90%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 60 | 55015 |
| 5.52%, 12/03/35, (1-year CMT + 1.25%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 195 | 202393 |
| Abu Dhabi Commercial Bank PJSC, 5.50%, <br> 01/12/29<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 207204 |
| AIB Group PLC |  |  |
| 5.32%, 05/15/31, (1-day SOFR + 1.65%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 25 | 25959 |
| 5.87%, 03/28/35, (1-day SOFR Index + 1.91%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 200 | 213096 |
| 6.61%, 09/13/29, (1-day SOFR + 2.33%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 40 | 42346 |
| Associated Banc-Corp, 6.46%, 08/29/30, (1-day <br> SOFR + 3.03%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5 | 5223 |
| Banco Bradesco SA, 6.50%, 01/22/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 210411 |
| Banco do Brasil SA, 6.25%, 04/18/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 207081 |
| Bank of China Ltd./Macau, 3.50%, 04/20/27<sup>(d)</sup> | &nbsp;&nbsp; 400 | 398734 |
| Bank of Ireland Group PLC, 5.60%, 03/20/30, (1-day <br> SOFR + 1.62%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 35 | 36482 |
| Bank of Montreal |  |  |
| 2.65%, 03/08/27 | &nbsp;&nbsp; 125 | 123662 |
| 3.09%, 01/10/37, (5-year CMT + 1.40%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | 82143 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.80%, 12/15/32, (5-year USD Swap + 1.43%)<sup>(a)</sup> | &nbsp;&nbsp; $135 | $133817 |
| 4.64%, 09/10/30, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 35630 |
| 5.00%, 01/27/29, (1-day SOFR Index + 0.67%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | 71376 |
| 5.20%, 02/01/28 | &nbsp;&nbsp; 120 | 123013 |
| 5.37%, 06/04/27 | &nbsp;&nbsp; 110 | 112078 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 50 | 52952 |
| 5.72%, 09/25/28 | &nbsp;&nbsp; 120 | 125086 |
| Series H, 4.70%, 09/14/27 | &nbsp;&nbsp; 125 | 126554 |
| Bank of New York Mellon Corp.(The) |  |  |
| 1.65%, 07/14/28 | &nbsp;&nbsp; 20 | 19129 |
| 1.65%, 01/28/31 | &nbsp;&nbsp; 35 | 31458 |
| 1.80%, 07/28/31 | &nbsp;&nbsp; 95 | 84451 |
| 3.00%, 10/30/28 | &nbsp;&nbsp; 115 | 112226 |
| 3.25%, 05/16/27 | &nbsp;&nbsp; 115 | 114499 |
| 3.30%, 08/23/29 | &nbsp;&nbsp; 105 | 102629 |
| 3.40%, 01/29/28 | &nbsp;&nbsp; 173 | 172062 |
| 3.85%, 04/28/28 | &nbsp;&nbsp; 127 | 127473 |
| 3.85%, 04/26/29 | &nbsp;&nbsp; 35 | 35097 |
| 4.29%, 06/13/33, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 119088 |
| 4.44%, 06/09/28, (1-day SOFR + 0.68%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75542 |
| 4.89%, 07/21/28, (1-day SOFR + 0.84%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 50723 |
| 4.94%, 02/11/31, (1-day SOFR + 0.89%)<sup>(a)</sup> | &nbsp;&nbsp; 115 | 118587 |
| 4.97%, 04/26/34, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 107702 |
| 4.98%, 03/14/30, (1-day SOFR + 1.09%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10291 |
| 5.06%, 07/22/32, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 20804 |
| 5.19%, 03/14/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 100 | 104039 |
| 5.23%, 11/20/35, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | 46790 |
| 5.32%, 06/06/36, (1-day SOFR + 1.35%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | 88581 |
| 5.61%, 07/21/39, (1-day SOFR + 1.77%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5265 |
| 5.80%, 10/25/28, (1-day SOFR Index + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 56708 |
| 5.83%, 10/25/33, (1-day SOFR Index + 2.07%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 81191 |
| 6.47%, 10/25/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | 100931 |
| Series J, 1.90%, 01/25/29 | &nbsp;&nbsp; 45 | 42703 |
| Bank of New Zealand, 4.85%, 02/07/28<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15283 |
| Bank of Nova Scotia(The) |  |  |
| 2.15%, 08/01/31 | &nbsp;&nbsp; 175 | 157988 |
| 2.45%, 02/02/32 | &nbsp;&nbsp; 60 | 54297 |
| 2.95%, 03/11/27 | &nbsp;&nbsp; 90 | 89304 |
| 4.40%, 09/08/28, (1-day SOFR + 1.00%)<sup>(a)</sup> | &nbsp;&nbsp; 115 | 115724 |
| 4.59%, 05/04/37, (5-year CMT + 2.05%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 117931 |
| 4.74%, 11/10/32, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | 30509 |
| 4.85%, 02/01/30 | &nbsp;&nbsp; 45 | 46307 |
| 5.13%, 02/14/31, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 77675 |
| 5.25%, 06/12/28 | &nbsp;&nbsp; 65 | 66947 |
| 5.40%, 06/04/27 | &nbsp;&nbsp; 120 | 122388 |
| 5.45%, 08/01/29 | &nbsp;&nbsp; 120 | 125644 |
| 5.65%, 02/01/34 | &nbsp;&nbsp; 75 | 80198 |
| Bank of the Philippine Islands, 5.00%, 04/07/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 205872 |
| BSF Sukuk Co. Ltd., 5.38%, 01/21/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 206853 |
| CaixaBank SA |  |  |
| 5.67%, 03/15/30, (1-day SOFR Index + 1.78%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5 | 5210 |
| 6.04%, 06/15/35, (1-day SOFR + 2.26%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 20 | 21466 |
| 6.21%, 01/18/29, (1-day SOFR + 2.70%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 205 | 212746 |
| 6.84%, 09/13/34, (1-day SOFR + 2.77%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 215 | 241193 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.45%, 04/07/27 | &nbsp;&nbsp; 125 | 124597 |
| 3.60%, 04/07/32 | &nbsp;&nbsp; 95 | 91420 |
| 4.28%, 01/29/30, (1-day SOFR Index + 0.79%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 120721 |
| 4.63%, 09/11/30, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15256 |
| 4.86%, 03/30/29, (1-day SOFR + 1.03%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 152623 |
| 5.24%, 06/28/27 | &nbsp;&nbsp; 190 | 193471 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.25%, 01/13/31, (1-day SOFR + 1.11%)<sup>(a)</sup> | &nbsp;&nbsp; $110 | $114145 |
| 5.26%, 04/08/29 | &nbsp;&nbsp; 115 | 119269 |
| 6.09%, 10/03/33 | &nbsp;&nbsp; 95 | 104115 |
| Capital One NA, 4.65%, 09/13/28 | &nbsp;&nbsp; 250 | 253901 |
| CBQ Finance Ltd., 5.38%, 03/28/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 206284 |
| China Construction Bank Corp., 4.21%, 09/11/28, <br> (1-day SOFR Index + 0.50%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 200 | 200468 |
| Citizens Financial Group, Inc. |  |  |
| 2.64%, 09/30/32 | &nbsp;&nbsp; 150 | 131838 |
| 3.25%, 04/30/30 | &nbsp;&nbsp; 15 | 14422 |
| 5.25%, 03/05/31, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 51564 |
| 5.30%, 01/29/36, (5-year CMT + 1.45%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75928 |
| 5.64%, 05/21/37, (5-year CMT + 2.75%)<sup>(a)</sup> | &nbsp;&nbsp; 40 | 41083 |
| 5.72%, 07/23/32, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15802 |
| 5.84%, 01/23/30, (1-day SOFR + 2.01%)<sup>(a)</sup> | &nbsp;&nbsp; 130 | 135895 |
| Commonwealth Bank of Australia |  |  |
| 3.61%, 09/12/34, (5-year CMT + 2.05%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 200 | 194847 |
| 3.90%, 03/16/28<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200683 |
| 3.90%, 07/12/47<sup>(b)</sup> | &nbsp;&nbsp; 200 | 167359 |
| DIB Sukuk Ltd., 5.24%, 03/04/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 205561 |
| DNB Bank ASA, 4.85%, 11/05/30, (1-day SOFR + <br> 1.05%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10 | 10270 |
| Fifth Third Bancorp |  |  |
| 2.55%, 05/05/27 | &nbsp;&nbsp; 90 | 88636 |
| 4.34%, 04/25/33, (1-day SOFR + 1.66%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 49414 |
| 4.57%, 04/29/32, (1-day SOFR + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 100 | 100561 |
| 4.90%, 09/06/30, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 280 | 285786 |
| 5.63%, 01/29/32, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 195 | 205493 |
| 6.34%, 07/27/29, (1-day SOFR + 2.34%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 36804 |
| 6.36%, 10/27/28, (1-day SOFR Index + 2.19%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15568 |
| 8.25%, 03/01/38 | &nbsp;&nbsp; 45 | 55755 |
| Fifth Third Bank N.A., 5.33%, 08/25/33, (1-day SOFR <br> + 2.61%)<sup>(a)</sup><br>| &nbsp;&nbsp; 35 | 35974 |
| Fifth Third Financial Corp. |  |  |
| 4.00%, 02/01/29 | &nbsp;&nbsp; 125 | 124912 |
| 5.98%, 01/30/30, (1-day SOFR + 2.16%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15722 |
| First Abu Dhabi Bank PJSC |  |  |
| 4.38%, 09/10/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 202105 |
| 5.00%, 02/28/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 205130 |
| First Horizon Corp., 5.51%, 03/07/31, (1-day SOFR + <br> 1.77%)<sup>(a)</sup><br>| &nbsp;&nbsp; 80 | 82802 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.49%, 08/15/36, (5-year CMT + 1.17%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | 70594 |
| 2.55%, 02/04/30 | &nbsp;&nbsp; 65 | 61188 |
| 4.44%, 08/04/28, (1-day SOFR + 1.97%)<sup>(a)</sup> | &nbsp;&nbsp; 100 | 100622 |
| 5.27%, 01/15/31, (1-day SOFR + 1.28%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 113858 |
| 5.71%, 02/02/35, (1-day SOFR Index + 1.87%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | 89401 |
| 6.21%, 08/21/29, (1-day SOFR + 2.02%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15752 |
| ING Groep NV |  |  |
| 3.95%, 03/29/27 | &nbsp;&nbsp; 185 | 185175 |
| 4.55%, 10/02/28 | &nbsp;&nbsp; 200 | 202626 |
| 5.07%, 03/25/31, (1-day SOFR Index + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | 30927 |
| 5.34%, 03/19/30, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 205 | 212187 |
| 5.53%, 03/25/36, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10467 |
| 5.55%, 03/19/35, (1-day SOFR + 1.77%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 57611 |
| 6.11%, 09/11/34, (1-day SOFR + 2.09%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 217695 |
| Kasikornbank PCL, 5.46%, 03/07/28<sup>(d)</sup> | &nbsp;&nbsp; 200 | 205108 |
| KBC Group NV |  |  |
| 4.93%, 10/16/30, (1-year CMT + 1.07%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 15 | 15369 |
| 6.32%, 09/21/34, (1-year CMT + 2.05%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 35 | 38498 |
| KEB Hana Bank, 5.75%, 10/24/28<sup>(d)</sup> | &nbsp;&nbsp; 200 | 209659 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| KeyBank N.A., 5.00%, 01/26/33 | &nbsp;&nbsp; $30 | $30306 |
| Keybank National Association, 4.39%, 12/14/27 | &nbsp;&nbsp; 250 | 251965 |
| KeyCorp |  |  |
| 2.25%, 04/06/27 | &nbsp;&nbsp; 126 | 123687 |
| 2.55%, 10/01/29 | &nbsp;&nbsp; 59 | 56018 |
| 4.10%, 04/30/28 | &nbsp;&nbsp; 110 | 110306 |
| 4.79%, 06/01/33, (1-day SOFR Index + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75392 |
| 5.12%, 04/04/31, (1-day SOFR Index + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | 61543 |
| 5.31%, 01/28/37, (1-day SOFR + 1.37%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 50407 |
| 6.40%, 03/06/35, (1-day SOFR + 2.42%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | 103465 |
| KFH Sukuk Co., 5.38%, 01/14/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 206904 |
| Kookmin Bank, 4.50%, 02/01/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 201603 |
| Korea Development Bank (The), 2.00%, 10/25/31 | &nbsp;&nbsp; 200 | 182369 |
| Kreditanstalt fuer Wiederaufbau |  |  |
| 4.00%, 06/28/27 | &nbsp;&nbsp; 5 | 5034 |
| 4.13%, 07/15/33 | &nbsp;&nbsp; 400 | 408701 |
| 4.63%, 03/18/30 | &nbsp;&nbsp; 120 | 125114 |
| Landeskreditbank Baden-Wuerttemberg Foerderbank |  |  |
| 1.38%, 10/12/28<sup>(d)</sup> | &nbsp;&nbsp; 110 | 104226 |
| 4.38%, 02/15/28<sup>(d)</sup> | &nbsp;&nbsp; 10 | 10154 |
| 4.63%, 02/13/30<sup>(d)</sup> | &nbsp;&nbsp; 5 | 5184 |
| Landwirtschaftliche Rentenbank |  |  |
| 0.88%, 09/03/30 | &nbsp;&nbsp; 30 | 26713 |
| 1.00%, 02/25/28<sup>(d)</sup> | &nbsp;&nbsp; 55 | 52455 |
| 3.00%, 05/21/29<sup>(d)</sup> | &nbsp;&nbsp; 40 | 39437 |
| 3.63%, 10/08/30 | &nbsp;&nbsp; 50 | 50191 |
| 3.88%, 09/28/27 | &nbsp;&nbsp; 35 | 35221 |
| 3.88%, 06/14/28 | &nbsp;&nbsp; 55 | 55513 |
| 4.13%, 05/28/30 | &nbsp;&nbsp; 30 | 30696 |
| 4.13%, 02/06/31<sup>(d)</sup> | &nbsp;&nbsp; 80 | 81935 |
| 4.63%, 04/17/29 | &nbsp;&nbsp; 55 | 56884 |
| 5.00%, 10/24/33 | &nbsp;&nbsp; 80 | 86190 |
| Series 37, 2.50%, 11/15/27 | &nbsp;&nbsp; 135 | 132891 |
| M&T Bank Corp. |  |  |
| 4.55%, 08/16/28, (1-day SOFR Index + 1.78%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25174 |
| 4.83%, 01/16/29, (1-day SOFR + 0.93%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 111789 |
| 5.05%, 01/27/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | 91294 |
| 5.18%, 07/08/31, (1-day SOFR + 1.40%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | 98098 |
| 5.39%, 01/16/36, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | 71750 |
| 5.40%, 07/30/35, (5-year CMT + 1.43%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | 81181 |
| Macquarie Bank Ltd. |  |  |
| 3.05%, 03/03/36, (5-year CMT + 1.70%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 145 | 133847 |
| 3.62%, 06/03/30<sup>(b)</sup> | &nbsp;&nbsp; 115 | 111321 |
| 4.33%, 06/12/28<sup>(b)</sup> | &nbsp;&nbsp; 55 | 55632 |
| 6.80%, 01/18/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | 27586 |
| Macquarie Group Ltd. |  |  |
| 2.69%, 06/23/32, (1-day SOFR + 1.44%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 105 | 96498 |
| 4.10%, 06/21/28, (1-day SOFR + 2.13%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 105 | 105059 |
| 4.44%, 06/21/33, (1-day SOFR + 2.41%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 105 | 104543 |
| Manufacturers & Traders Trust Co., 4.70%, 01/27/28 | &nbsp;&nbsp; 260 | 263716 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 2.05%, 07/17/30 | &nbsp;&nbsp; 600 | 550979 |
| 3.96%, 03/02/28 | &nbsp;&nbsp; 400 | 400970 |
| 4.32%, 04/19/33, (1-year CMT + 1.55%)<sup>(a)</sup> | &nbsp;&nbsp; 600 | 596576 |
| 5.06%, 01/14/37, (1-year CMT + 0.90%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 20245 |
| 5.19%, 09/12/36, (1-year CMT + 0.93%)<sup>(a)</sup> | &nbsp;&nbsp; 590 | 603985 |
| Mizuho Financial Group, Inc. |  |  |
| 3.15%, 07/16/30, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(a)</sup><br>| &nbsp;&nbsp; 405 | 392682 |
| 4.02%, 03/05/28 | &nbsp;&nbsp; 400 | 401752 |
| 4.71%, 07/08/31, (1-year CMT + 0.92%)<sup>(a)</sup> | &nbsp;&nbsp; 300 | 305934 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.32%, 07/08/36, (1-year CMT + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; $20 | $20723 |
| 5.42%, 05/13/36, (1-year CMT + 0.98%)<sup>(a)</sup> | &nbsp;&nbsp; 295 | 308411 |
| 5.75%, 05/27/34, (1-year CMT + 1.80%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 213653 |
| National Bank of Canada, 4.50%, 10/10/29 | &nbsp;&nbsp; 260 | 264105 |
| Nordea Bank Abp |  |  |
| 4.38%, 09/10/29<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15209 |
| 4.63%, 09/13/33, (5-year USD Swap + 1.69%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 135 | 135632 |
| Northern Trust Corp. |  |  |
| 1.95%, 05/01/30 | &nbsp;&nbsp; 130 | 120065 |
| 3.15%, 05/03/29 | &nbsp;&nbsp; 105 | 103042 |
| 3.38%, 05/08/32, (3-mo. SOFR US + 1.39%)<sup>(a)</sup> | &nbsp;&nbsp; 72 | 71269 |
| 3.65%, 08/03/28 | &nbsp;&nbsp; 90 | 89996 |
| 4.00%, 05/10/27 | &nbsp;&nbsp; 133 | 133401 |
| 6.13%, 11/02/32 | &nbsp;&nbsp; 85 | 92999 |
| NRW Bank |  |  |
| 4.00%, 04/08/30<sup>(d)</sup> | &nbsp;&nbsp; 10 | 10145 |
| 4.63%, 03/08/27<sup>(d)</sup> | &nbsp;&nbsp; 34 | 34333 |
| Oesterreichische Kontrollbank AG |  |  |
| 3.63%, 09/09/27 | &nbsp;&nbsp; 75 | 75148 |
| 3.75%, 09/05/29 | &nbsp;&nbsp; 15 | 15126 |
| 3.75%, 09/10/30 | &nbsp;&nbsp; 50 | 50395 |
| 4.00%, 05/28/28 | &nbsp;&nbsp; 10 | 10114 |
| 4.13%, 01/18/29<sup>(c)</sup> | &nbsp;&nbsp; 125 | 127282 |
| 4.25%, 03/01/28 | &nbsp;&nbsp; 55 | 55819 |
| 4.50%, 01/24/30 | &nbsp;&nbsp; 25 | 25856 |
| 4.75%, 05/21/27 | &nbsp;&nbsp; 140 | 142067 |
| Oversea-Chinese Banking Corp. Ltd., 4.60%, <br> 06/15/32, (5-year CMT + 1.58%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 200 | 201057 |
| PNC Bank N.A., 4.05%, 07/26/28 | &nbsp;&nbsp; 15 | 15016 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.31%, 04/23/32, (1-day SOFR + 0.98%)<sup>(a)</sup> | &nbsp;&nbsp; 135 | 122971 |
| 2.55%, 01/22/30 | &nbsp;&nbsp; 120 | 113757 |
| 3.15%, 05/19/27 | &nbsp;&nbsp; 90 | 89318 |
| 3.45%, 04/23/29 | &nbsp;&nbsp; 76 | 75197 |
| 4.08%, 01/26/29, (1-day SOFR + 0.61%)<sup>(a)</sup> | &nbsp;&nbsp; 100 | 100286 |
| 4.63%, 06/06/33, (1-day SOFR Index + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 64857 |
| 4.81%, 10/21/32, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 165 | 168613 |
| 4.90%, 05/13/31, (1-day SOFR + 1.33%)<sup>(a)</sup> | &nbsp;&nbsp; 115 | 118069 |
| 5.07%, 01/24/34, (1-day SOFR + 1.93%)<sup>(a)</sup> | &nbsp;&nbsp; 160 | 165071 |
| 5.22%, 01/29/31, (1-day SOFR + 1.07%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 155725 |
| 5.37%, 07/21/36, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 56970 |
| 5.40%, 07/23/35, (1-day SOFR + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; 140 | 145805 |
| 5.49%, 05/14/30, (1-day SOFR + 1.20%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 109631 |
| 5.58%, 06/12/29, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 190 | 196752 |
| 5.58%, 01/29/36, (1-day SOFR + 1.39%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 126396 |
| 5.68%, 01/22/35, (1-day SOFR + 1.90%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 116636 |
| 5.94%, 08/18/34, (1-day SOFR + 1.95%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 53987 |
| 6.04%, 10/28/33, (1-day SOFR Index + 2.14%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 119400 |
| 6.88%, 10/20/34, (1-day SOFR + 2.28%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 170276 |
| QNB Finance Ltd., 4.89%, 04/02/29, (1-day SOFR + <br> 1.20%)<sup>(a)</sup><br>| &nbsp;&nbsp; 200 | 202374 |
| Regions Banks, 6.45%, 06/26/37 | &nbsp;&nbsp; 5 | 5476 |
| Regions Financial Corp. |  |  |
| 1.80%, 08/12/28 | &nbsp;&nbsp; 65 | 61630 |
| 5.50%, 09/06/35, (1-day SOFR + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 20685 |
| 5.72%, 06/06/30, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 57605 |
| 7.38%, 12/10/37 | &nbsp;&nbsp; 20 | 23379 |
| Santander Holdings USA, Inc. |  |  |
| 4.40%, 07/13/27 | &nbsp;&nbsp; 100 | 100157 |
| 5.74%, 03/20/31, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 205 | 213188 |
| 6.50%, 03/09/29, (1-day SOFR + 2.36%)<sup>(a)</sup> | &nbsp;&nbsp; 270 | 281185 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Santander U.K. Group Holdings PLC |  |  |
| 2.90%, 03/15/32, (1-day SOFR + 1.48%)<sup>(a)</sup> | &nbsp;&nbsp; $30 | $27848 |
| 5.69%, 04/15/31, (1-day SOFR Index + 1.52%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 209854 |
| Saudi Awwal Bank, 5.95%, 09/04/35, (5-year CMT + <br> 2.20%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 200 | 203757 |
| Shinhan Bank Co. Ltd., 4.38%, 04/13/32<sup>(d)</sup> | &nbsp;&nbsp; 200 | 200509 |
| Shinhan Financial Group Co. Ltd., 5.00%, 07/24/28<sup>(d)</sup> | &nbsp;&nbsp; 200 | 204562 |
| Skandinaviska Enskilda Banken AB |  |  |
| 4.50%, 09/03/30<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5065 |
| 5.38%, 03/05/29<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15583 |
| SNB Funding Ltd. |  |  |
| 4.89%, 03/17/30, (1-day SOFR + 1.20%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 200 | 201314 |
| 6.00%, 06/24/35, (5-year CMT + 2.00%)<sup>(a)(d)</sup> | &nbsp;&nbsp; 200 | 206689 |
| Societe Generale SA |  |  |
| 2.89%, 06/09/32, (1-year CMT + 1.30%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 210 | 192872 |
| 4.45%, 04/12/30, (1-day SOFR + 1.10%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 200 | 200861 |
| 4.68%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp; 205 | 207110 |
| 5.25%, 05/22/29, (1-day SOFR + 1.42%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 200 | 204355 |
| 5.40%, 04/10/37, (1-day SOFR + 1.60%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 10 | 10060 |
| 5.44%, 10/03/36, (1-day SOFR + 1.73%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 15 | 15197 |
| 5.50%, 04/13/29, (1-year CMT + 1.20%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 200 | 205118 |
| 5.63%, 01/19/30, (1-year CMT + 1.75%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 50 | 51877 |
| 6.07%, 01/19/35, (1-year CMT + 2.10%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 200 | 213248 |
| 6.10%, 04/13/33, (1-year CMT + 1.60%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 205 | 218741 |
| 7.13%, 01/19/55, (1-year CMT + 2.95%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 170 | 182025 |
| 7.37%, 01/10/53<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10955 |
| State Street Corp. |  |  |
| 2.20%, 03/03/31 | &nbsp;&nbsp; 120 | 109230 |
| 2.40%, 01/24/30 | &nbsp;&nbsp; 130 | 123598 |
| 2.62%, 02/07/33, (1-day SOFR + 1.00%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | 27295 |
| 3.03%, 11/01/34, (1-day SOFR + 1.49%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | 57304 |
| 3.15%, 03/30/31, (1-day SOFR + 2.65%)<sup>(a)</sup> | &nbsp;&nbsp; 100 | 96837 |
| 4.14%, 12/03/29, (3-mo. CME Term SOFR + <br> 1.29%)<sup>(a)</sup><br>| &nbsp;&nbsp; 85 | 85553 |
| 4.16%, 08/04/33, (1-day SOFR + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | 44403 |
| 4.33%, 10/22/27 | &nbsp;&nbsp; 255 | 257301 |
| 4.42%, 05/13/33, (1-day SOFR + 1.61%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25083 |
| 4.53%, 02/20/29, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 140 | 141782 |
| 4.54%, 04/24/28, (1-day SOFR + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 35253 |
| 4.68%, 10/22/32, (1-day SOFR + 1.05%)<sup>(a)</sup> | &nbsp;&nbsp; 30 | 30655 |
| 4.82%, 01/26/34, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 50975 |
| 4.83%, 04/24/30 | &nbsp;&nbsp; 45 | 46367 |
| 5.15%, 02/28/36, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | 46318 |
| 5.16%, 05/18/34, (1-day SOFR + 1.89%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 108955 |
| 5.68%, 11/21/29, (1-day SOFR + 1.48%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 52266 |
| 6.12%, 11/21/34, (1-day SOFR + 1.96%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 70546 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 1.71%, 01/12/31 | &nbsp;&nbsp; 125 | 111426 |
| 1.90%, 09/17/28 | &nbsp;&nbsp; 235 | 223299 |
| 2.13%, 07/08/30 | &nbsp;&nbsp; 95 | 87425 |
| 2.14%, 09/23/30 | &nbsp;&nbsp; 112 | 102508 |
| 2.30%, 01/12/41 | &nbsp;&nbsp; 20 | 14356 |
| 2.75%, 01/15/30 | &nbsp;&nbsp; 35 | 33334 |
| 2.93%, 09/17/41 | &nbsp;&nbsp; 170 | 128183 |
| 3.04%, 07/16/29 | &nbsp;&nbsp; 215 | 208151 |
| 3.05%, 01/14/42 | &nbsp;&nbsp; 10 | 7807 |
| 3.35%, 10/18/27 | &nbsp;&nbsp; 138 | 137222 |
| 3.36%, 07/12/27 | &nbsp;&nbsp; 140 | 139187 |
| 3.54%, 01/17/28 | &nbsp;&nbsp; 70 | 69607 |
| 3.94%, 07/19/28 | &nbsp;&nbsp; 135 | 135314 |
| 4.31%, 10/16/28 | &nbsp;&nbsp; 55 | 55541 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.05%, 01/15/37, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; $5 | $5059 |
| 5.45%, 01/15/32 | &nbsp;&nbsp; 200 | 211257 |
| 5.52%, 01/13/28 | &nbsp;&nbsp; 200 | 206066 |
| 5.56%, 07/09/34 | &nbsp;&nbsp; 215 | 227517 |
| 5.57%, 01/15/47, (1-day SOFR + 1.36%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5095 |
| 5.63%, 01/15/35 | &nbsp;&nbsp; 50 | 53376 |
| 5.71%, 01/13/30 | &nbsp;&nbsp; 200 | 211453 |
| 5.77%, 01/13/33 | &nbsp;&nbsp; 220 | 236037 |
| 5.78%, 07/13/33 | &nbsp;&nbsp; 5 | 5384 |
| 5.80%, 07/08/46, (1-day SOFR + 1.78%)<sup>(a)</sup> | &nbsp;&nbsp; 135 | 138148 |
| 5.81%, 09/14/33 | &nbsp;&nbsp; 40 | 43152 |
| 5.84%, 07/09/44 | &nbsp;&nbsp; 20 | 20889 |
| 6.18%, 07/13/43 | &nbsp;&nbsp; 20 | 22103 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| 4.50%, 09/10/29<sup>(b)</sup> | &nbsp;&nbsp; 215 | 218251 |
| 4.85%, 09/10/34<sup>(b)</sup> | &nbsp;&nbsp; 205 | 208064 |
| 4.95%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25424 |
| 5.35%, 03/07/34<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15773 |
| 5.50%, 03/09/28<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25761 |
| 5.55%, 09/14/28<sup>(b)</sup> | &nbsp;&nbsp; 235 | 243995 |
| Svenska Handelsbanken AB, 5.50%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp; 60 | 62010 |
| Synovus Financial Corp., 6.17%, 11/01/30, (1-day <br> SOFR + 2.35%)<sup>(a)</sup><br>| &nbsp;&nbsp; 50 | 52344 |
| Toronto-Dominion Bank(The) |  |  |
| 2.00%, 09/10/31 | &nbsp;&nbsp; 320 | 288573 |
| 4.46%, 06/08/32 | &nbsp;&nbsp; 305 | 307274 |
| 4.57%, 06/02/28 | &nbsp;&nbsp; 205 | 207835 |
| 4.69%, 09/15/27 | &nbsp;&nbsp; 100 | 101307 |
| 4.78%, 12/17/29 | &nbsp;&nbsp; 25 | 25722 |
| 4.93%, 10/15/35 | &nbsp;&nbsp; 100 | 100863 |
| 4.98%, 04/05/27 | &nbsp;&nbsp; 400 | 404905 |
| 5.15%, 09/10/34, (5-year CMT + 1.50%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 51032 |
| 5.52%, 07/17/28 | &nbsp;&nbsp; 110 | 113963 |
| Truist Bank, 2.25%, 03/11/30 | &nbsp;&nbsp; 35 | 32348 |
| Truist Financial Corp. |  |  |
| 1.13%, 08/03/27 | &nbsp;&nbsp; 105 | 101149 |
| 1.89%, 06/07/29, (1-day SOFR + 0.86%)<sup>(a)</sup> | &nbsp;&nbsp; 100 | 95517 |
| 1.95%, 06/05/30 | &nbsp;&nbsp; 90 | 82643 |
| 3.88%, 03/19/29 | &nbsp;&nbsp; 190 | 188914 |
| 4.12%, 06/06/28, (1-day SOFR + 1.37%)<sup>(a)</sup> | &nbsp;&nbsp; 115 | 115248 |
| 4.60%, 01/27/32, (1-day SOFR + 0.97%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 121275 |
| 4.87%, 01/26/29, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 20305 |
| 4.92%, 07/28/33, (1-day SOFR + 2.24%)<sup>(a)</sup> | &nbsp;&nbsp; 95 | 95808 |
| 4.96%, 10/23/36, (1-day SOFR + 1.40%)<sup>(a)</sup> | &nbsp;&nbsp; 140 | 139582 |
| 5.07%, 05/20/31, (1-day SOFR + 1.31%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25781 |
| 5.12%, 01/26/34, (1-day SOFR + 1.85%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 107658 |
| 5.15%, 08/05/32, (1-day SOFR + 1.57%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 67452 |
| 5.44%, 01/24/30, (1-day SOFR + 1.62%)<sup>(a)</sup> | &nbsp;&nbsp; 170 | 176332 |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(a)</sup> | &nbsp;&nbsp; 130 | 137642 |
| 5.87%, 06/08/34, (1-day SOFR + 2.36%)<sup>(a)</sup> | &nbsp;&nbsp; 170 | 181881 |
| 6.12%, 10/28/33, (1-day SOFR + 2.30%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 37961 |
| 7.16%, 10/30/29, (1-day SOFR + 2.45%)<sup>(a)</sup> | &nbsp;&nbsp; 160 | 172122 |
| Turkiye Vakiflar Bankasi TAO, 7.25%, 07/31/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 206836 |
| U.S. Bancorp |  |  |
| 1.38%, 07/22/30 | &nbsp;&nbsp; 65 | 58125 |
| 2.49%, 11/03/36, (5-year CMT + 0.95%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | 70806 |
| 2.68%, 01/27/33, (1-day SOFR + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | 77329 |
| 3.00%, 07/30/29 | &nbsp;&nbsp; 120 | 116538 |
| 3.90%, 04/26/28 | &nbsp;&nbsp; 15 | 15054 |
| 4.55%, 07/22/28, (1-day SOFR + 1.66%)<sup>(a)</sup> | &nbsp;&nbsp; 115 | 115955 |
| 4.65%, 02/01/29, (1-day SOFR + 1.23%)<sup>(a)</sup> | &nbsp;&nbsp; 160 | 162081 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(a)</sup> | &nbsp;&nbsp; $155 | $157236 |
| 4.97%, 07/22/33, (1-day SOFR + 2.11%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | 91590 |
| 5.05%, 02/12/31, (1-day SOFR + 1.06%)<sup>(a)</sup> | &nbsp;&nbsp; 135 | 139382 |
| 5.08%, 05/15/31, (1-day SOFR + 1.30%)<sup>(a)</sup> | &nbsp;&nbsp; 115 | 118900 |
| 5.10%, 07/23/30, (1-day SOFR + 1.25%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 67195 |
| 5.38%, 01/23/30, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 124452 |
| 5.42%, 02/12/36, (1-day SOFR + 1.41%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 105 | 110129 |
| 5.68%, 01/23/35, (1-day SOFR + 1.86%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 132815 |
| 5.78%, 06/12/29, (1-day SOFR + 2.02%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 114296 |
| 5.84%, 06/12/34, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 130 | 139319 |
| 5.85%, 10/21/33, (1-day SOFR + 2.09%)<sup>(a)</sup> | &nbsp;&nbsp; 130 | 140067 |
| Series X, 3.15%, 04/27/27 | &nbsp;&nbsp; 80 | 79532 |
| United Overseas Bank Ltd., 3.86%, 10/07/32, (5-year <br> CMT + 1.45%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 65 | 64711 |
| Webster Financial Corp., 4.10%, 03/25/29 | &nbsp;&nbsp; 80 | 79645 |
| Westpac Banking Corp. |  |  |
| 1.95%, 11/20/28 | &nbsp;&nbsp; 110 | 104979 |
| 2.15%, 06/03/31 | &nbsp;&nbsp; 100 | 91539 |
| 2.65%, 01/16/30 | &nbsp;&nbsp; 55 | 52651 |
| 2.67%, 11/15/35, (5-year CMT + 1.75%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 96465 |
| 3.13%, 11/18/41 | &nbsp;&nbsp; 5 | 3858 |
| 3.40%, 01/25/28 | &nbsp;&nbsp; 305 | 303659 |
| 4.04%, 08/26/27 | &nbsp;&nbsp; 100 | 100599 |
| 4.42%, 07/24/39 | &nbsp;&nbsp; 120 | 112181 |
| 5.41%, 08/10/33, (1-year CMT + 2.68%)<sup>(a)</sup> | &nbsp;&nbsp; 300 | 312928 |
| Westpac New Zealand Ltd. |  |  |
| 4.22%, 09/16/30<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10047 |
| 4.94%, 02/27/30<sup>(b)</sup> | &nbsp;&nbsp; 215 | 221795 |
| Woori Bank, 4.75%, 01/24/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 204929 |
| Yapi ve Kredi Bankasi A/S, 9.25%, 01/17/34, (5-year <br> CMT + 5.28%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 200 | 213379 |
| Zions Bancorp N.A., 6.82%, 11/19/35, (1-day SOFR + <br> 2.83%)<sup>(a)</sup><br>| &nbsp;&nbsp; 5 | 5316 |
|  |  | 41544245 |
| **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** |
| Coca-Cola Femsa SAB de CV, 5.10%, 05/06/35 | &nbsp;&nbsp; 200 | 205893 |
| JDE Peet's NV, 2.25%, 09/24/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | 22116 |
| Keurig Dr Pepper, Inc. |  |  |
| 2.25%, 03/15/31 | &nbsp;&nbsp; 35 | 31585 |
| 3.20%, 05/01/30 | &nbsp;&nbsp; 55 | 52647 |
| 3.35%, 03/15/51 | &nbsp;&nbsp; 50 | 33910 |
| 3.43%, 06/15/27 | &nbsp;&nbsp; 85 | 84361 |
| 3.80%, 05/01/50 | &nbsp;&nbsp; 65 | 47955 |
| 3.95%, 04/15/29 | &nbsp;&nbsp; 80 | 79495 |
| 4.05%, 04/15/32 | &nbsp;&nbsp; 65 | 63213 |
| 4.42%, 12/15/46 | &nbsp;&nbsp; 35 | 29098 |
| 4.50%, 11/15/45 | &nbsp;&nbsp; 50 | 42726 |
| 4.50%, 04/15/52 | &nbsp;&nbsp; 80 | 66134 |
| 4.60%, 05/25/28 | &nbsp;&nbsp; 20 | 20198 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 45 | 45440 |
| 5.05%, 03/15/29 | &nbsp;&nbsp; 60 | 61497 |
| 5.15%, 05/15/35 | &nbsp;&nbsp; 15 | 15190 |
| 5.30%, 03/15/34 | &nbsp;&nbsp; 60 | 61743 |
| Series 10, 5.20%, 03/15/31 | &nbsp;&nbsp; 20 | 20669 |
| Primo Water Holdings, Inc./Triton Water Holdings, Inc. |  |  |
| 4.38%, 04/30/29<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49011 |
| 6.25%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49997 |
|  |  | 1082878 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology — 0.2%** | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/30 | &nbsp;&nbsp; $44 | $40803 |
| 3.15%, 05/01/50 | &nbsp;&nbsp; 110 | 72377 |
| 3.25%, 02/15/51 | &nbsp;&nbsp; 30 | 19900 |
| 5.20%, 09/15/45 | &nbsp;&nbsp; 80 | 74974 |
| 5.75%, 05/15/35 | &nbsp;&nbsp; 20 | 21319 |
| 6.45%, 05/15/55 | &nbsp;&nbsp; 50 | 53431 |
| CSL Finance PLC |  |  |
| 3.85%, 04/27/27<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35010 |
| 4.05%, 04/27/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40091 |
| 4.25%, 04/27/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29818 |
| 4.63%, 04/27/42<sup>(b)</sup> | &nbsp;&nbsp; 20 | 18406 |
| 4.75%, 04/27/52<sup>(b)</sup> | &nbsp;&nbsp; 105 | 92791 |
| 5.11%, 04/03/34<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51699 |
| 5.42%, 04/03/54<sup>(b)</sup> | &nbsp;&nbsp; 50 | 48677 |
| Genmab A/S/Genmab Finance LLC |  |  |
| 6.25%, 12/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25947 |
| 7.25%, 12/15/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | 26523 |
| Illumina, Inc. |  |  |
| 2.55%, 03/23/31 | &nbsp;&nbsp; 45 | 41283 |
| 5.75%, 12/13/27 | &nbsp;&nbsp; 45 | 46301 |
| Regeneron Pharmaceuticals, Inc. |  |  |
| 1.75%, 09/15/30 | &nbsp;&nbsp; 100 | 90134 |
| 2.80%, 09/15/50 | &nbsp;&nbsp; 76 | 47049 |
| Royalty Pharma PLC |  |  |
| 1.75%, 09/02/27 | &nbsp;&nbsp; 60 | 58065 |
| 2.15%, 09/02/31 | &nbsp;&nbsp; 20 | 17868 |
| 2.20%, 09/02/30 | &nbsp;&nbsp; 50 | 45874 |
| 3.30%, 09/02/40 | &nbsp;&nbsp; 35 | 27631 |
| 3.35%, 09/02/51 | &nbsp;&nbsp; 105 | 71037 |
| 3.55%, 09/02/50 | &nbsp;&nbsp; 70 | 49523 |
| 5.15%, 09/02/29 | &nbsp;&nbsp; 45 | 46503 |
| 5.20%, 09/25/35 | &nbsp;&nbsp; 5 | 5078 |
| 5.90%, 09/02/54 | &nbsp;&nbsp; 45 | 45177 |
|  |  | 1243289 |
| **Building Materials — 0.4%** | **Building Materials — 0.4%** | **Building Materials — 0.4%** |
| Boise Cascade Co., 4.88%, 07/01/30<sup>(b)(c)</sup> | &nbsp;&nbsp; 25 | 24898 |
| Builders FirstSource, Inc. |  |  |
| 4.25%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 90 | 85807 |
| 5.00%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34780 |
| 6.38%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25711 |
| 6.38%, 03/01/34<sup>(b)</sup> | &nbsp;&nbsp; 72 | 74115 |
| 6.75%, 05/15/35<sup>(b)</sup> | &nbsp;&nbsp; 75 | 78323 |
| Carlisle Companies, Inc. |  |  |
| 2.20%, 03/01/32 | &nbsp;&nbsp; 50 | 44183 |
| 2.75%, 03/01/30 | &nbsp;&nbsp; 51 | 48400 |
| 3.75%, 12/01/27 | &nbsp;&nbsp; 34 | 33892 |
| 5.25%, 09/15/35<sup>(c)</sup> | &nbsp;&nbsp; 90 | 92879 |
| 5.55%, 09/15/40<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5158 |
| Cemex SAB de CV, 5.20%, 09/17/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 202760 |
| CRH America Finance, Inc. |  |  |
| 3.95%, 04/04/28<sup>(b)</sup> | &nbsp;&nbsp; 80 | 79967 |
| 4.40%, 05/09/47<sup>(b)</sup> | &nbsp;&nbsp; 20 | 17103 |
| 4.50%, 04/04/48<sup>(b)</sup> | &nbsp;&nbsp; 26 | 22614 |
| 5.40%, 05/21/34 | &nbsp;&nbsp; 15 | 15676 |
| 5.50%, 01/09/35 | &nbsp;&nbsp; 200 | 210392 |
| CRH America, Inc., 5.13%, 05/18/45<sup>(b)</sup> | &nbsp;&nbsp; 55 | 52834 |
| CRH SMW Finance DAC, 5.20%, 05/21/29 | &nbsp;&nbsp; 10 | 10358 |
| Fortune Brands Innovations, Inc. |  |  |
| 3.25%, 09/15/29 | &nbsp;&nbsp; 57 | 55216 |
| 5.88%, 06/01/33 | &nbsp;&nbsp; 60 | 64195 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Griffon Corp., 5.75%, 03/01/28 | &nbsp;&nbsp; $70 | $69934 |
| James Hardie International Finance DAC, 5.00%, <br> 01/15/28<sup>(b)</sup><br>| &nbsp;&nbsp; 30 | 29947 |
| Jeld-Wen, Inc. |  |  |
| 4.88%, 12/15/27<sup>(b)(c)</sup> | &nbsp;&nbsp; 40 | 32489 |
| 7.00%, 09/01/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 25 | 13805 |
| JH North America Holdings, Inc., 5.88%, 01/31/31<sup>(b)</sup> | &nbsp;&nbsp; 100 | 102104 |
| Knife River Corp., 7.75%, 05/01/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31292 |
| Lennox International, Inc., 1.70%, 08/01/27 | &nbsp;&nbsp; 52 | 50406 |
| Louisiana-Pacific Corp., 3.63%, 03/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp; 25 | 24341 |
| Martin Marietta Materials, Inc. |  |  |
| 2.40%, 07/15/31 | &nbsp;&nbsp; 82 | 74637 |
| 3.20%, 07/15/51 | &nbsp;&nbsp; 80 | 54311 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 40 | 39785 |
| 3.50%, 12/15/27 | &nbsp;&nbsp; 55 | 54634 |
| 4.25%, 12/15/47 | &nbsp;&nbsp; 40 | 33546 |
| 5.15%, 12/01/34 | &nbsp;&nbsp; 85 | 87686 |
| Series CB, 2.50%, 03/15/30 | &nbsp;&nbsp; 62 | 58424 |
| Masco Corp. |  |  |
| 2.00%, 10/01/30 | &nbsp;&nbsp; 40 | 36248 |
| 2.00%, 02/15/31 | &nbsp;&nbsp; 45 | 40466 |
| 3.13%, 02/15/51 | &nbsp;&nbsp; 20 | 13435 |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 45 | 44713 |
| 4.50%, 05/15/47 | &nbsp;&nbsp; 35 | 30334 |
| Mohawk Industries, Inc. |  |  |
| 3.63%, 05/15/30 | &nbsp;&nbsp; 40 | 39126 |
| 5.85%, 09/18/28 | &nbsp;&nbsp; 25 | 26028 |
| Owens Corning |  |  |
| 3.50%, 02/15/30 | &nbsp;&nbsp; 45 | 44011 |
| 3.88%, 06/01/30 | &nbsp;&nbsp; 40 | 39570 |
| 3.95%, 08/15/29 | &nbsp;&nbsp; 15 | 14946 |
| 4.30%, 07/15/47 | &nbsp;&nbsp; 60 | 49740 |
| 4.40%, 01/30/48 | &nbsp;&nbsp; 30 | 25393 |
| 5.70%, 06/15/34 | &nbsp;&nbsp; 30 | 31811 |
| 5.95%, 06/15/54<sup>(c)</sup> | &nbsp;&nbsp; 55 | 56865 |
| 7.00%, 12/01/36 | &nbsp;&nbsp; 25 | 28736 |
| Trane Technologies Financing Ltd. |  |  |
| 3.80%, 03/21/29 | &nbsp;&nbsp; 73 | 73025 |
| 4.50%, 03/21/49 | &nbsp;&nbsp; 34 | 30008 |
| 4.65%, 11/01/44 | &nbsp;&nbsp; 30 | 27737 |
| 5.10%, 06/13/34 | &nbsp;&nbsp; 65 | 67732 |
| 5.25%, 03/03/33 | &nbsp;&nbsp; 50 | 52605 |
| Trane Technologies Holdco, Inc. |  |  |
| 3.75%, 08/21/28 | &nbsp;&nbsp; 47 | 47098 |
| 4.30%, 02/21/48 | &nbsp;&nbsp; 27 | 23441 |
| 5.75%, 06/15/43 | &nbsp;&nbsp; 20 | 21283 |
| Vulcan Materials Co. |  |  |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 95 | 92865 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 22 | 19162 |
| 4.70%, 03/01/48 | &nbsp;&nbsp; 50 | 44774 |
| 4.95%, 12/01/29 | &nbsp;&nbsp; 5 | 5153 |
| 5.35%, 12/01/34 | &nbsp;&nbsp; 85 | 88605 |
| 5.70%, 12/01/54 | &nbsp;&nbsp; 60 | 60386 |
|  |  | 3211898 |
| **Chemicals — 0.4%** | **Chemicals — 0.4%** | **Chemicals — 0.4%** |
| Air Liquide Finance SA |  |  |
| 2.25%, 09/10/29<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28391 |
| 3.50%, 09/27/46<sup>(b)</sup> | &nbsp;&nbsp; 50 | 38735 |
| Air Products and Chemicals, Inc. |  |  |
| 1.85%, 05/15/27 | &nbsp;&nbsp; 58 | 56801 |
| 2.05%, 05/15/30 | &nbsp;&nbsp; 69 | 63964 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 2.70%, 05/15/40 | &nbsp;&nbsp; $75 | $57399 |
| 2.80%, 05/15/50 | &nbsp;&nbsp; 75 | 48895 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 45 | 46039 |
| 4.75%, 02/08/31 | &nbsp;&nbsp; 10 | 10326 |
| 4.80%, 03/03/33 | &nbsp;&nbsp; 50 | 51476 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 105 | 107734 |
| Albemarle Corp. |  |  |
| 5.45%, 12/01/44 | &nbsp;&nbsp; 5 | 4707 |
| 5.65%, 06/01/52 | &nbsp;&nbsp; 30 | 27459 |
| Ashland, Inc. |  |  |
| 3.38%, 09/01/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 30 | 27551 |
| 6.88%, 05/15/43 | &nbsp;&nbsp; 20 | 21067 |
| Axalta Coating Systems Dutch Holding B BV, 7.25%, <br> 02/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 40 | 42056 |
| Axalta Coating Systems LLC, 3.38%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 55 | 52921 |
| Axalta Coating Systems LLC/Axalta Coating Systems <br> Dutch Holding B BV, 4.75%, 06/15/27<sup>(b)</sup><br>| &nbsp;&nbsp; 30 | 29970 |
| Cabot Corp. |  |  |
| 4.00%, 07/01/29 | &nbsp;&nbsp; 15 | 14995 |
| 5.00%, 06/30/32 | &nbsp;&nbsp; 5 | 5118 |
| CF Industries, Inc. |  |  |
| 4.95%, 06/01/43 | &nbsp;&nbsp; 60 | 55043 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 75 | 76294 |
| 5.38%, 03/15/44 | &nbsp;&nbsp; 65 | 62122 |
| FMC Corp. |  |  |
| 3.45%, 10/01/29 | &nbsp;&nbsp; 65 | 57264 |
| 4.50%, 10/01/49 | &nbsp;&nbsp; 40 | 24555 |
| 5.65%, 05/18/33<sup>(c)</sup> | &nbsp;&nbsp; 55 | 48212 |
| 6.38%, 05/18/53<sup>(c)</sup> | &nbsp;&nbsp; 35 | 26088 |
| 8.45%, 11/01/55, (5-year CMT + 4.37%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 32977 |
| HB Fuller Co. |  |  |
| 4.00%, 02/15/27 | &nbsp;&nbsp; 35 | 34588 |
| 4.25%, 10/15/28 | &nbsp;&nbsp; 20 | 19715 |
| Huntsman International LLC |  |  |
| 2.95%, 06/15/31 | &nbsp;&nbsp; 40 | 34417 |
| 4.50%, 05/01/29 | &nbsp;&nbsp; 30 | 28868 |
| 5.70%, 10/15/34<sup>(c)</sup> | &nbsp;&nbsp; 10 | 9559 |
| International Flavors & Fragrances, Inc. |  |  |
| 1.83%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp; 78 | 75272 |
| 2.30%, 11/01/30<sup>(b)</sup> | &nbsp;&nbsp; 52 | 47455 |
| 3.27%, 11/15/40<sup>(b)</sup> | &nbsp;&nbsp; 32 | 25136 |
| 3.47%, 12/01/50<sup>(b)</sup> | &nbsp;&nbsp; 45 | 31630 |
| 4.45%, 09/26/28 | &nbsp;&nbsp; 35 | 35255 |
| 5.00%, 09/26/48 | &nbsp;&nbsp; 65 | 58704 |
| Linde, Inc./CT |  |  |
| 1.10%, 08/10/30 | &nbsp;&nbsp; 54 | 47969 |
| 2.00%, 08/10/50 | &nbsp;&nbsp; 15 | 8159 |
| 3.55%, 11/07/42 | &nbsp;&nbsp; 30 | 24640 |
| Mosaic Co.(The) |  |  |
| 4.05%, 11/15/27 | &nbsp;&nbsp; 85 | 85082 |
| 4.88%, 11/15/41 | &nbsp;&nbsp; 25 | 22994 |
| 5.38%, 11/15/28 | &nbsp;&nbsp; 40 | 41293 |
| 5.45%, 11/15/33<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25960 |
| 5.63%, 11/15/43 | &nbsp;&nbsp; 50 | 48916 |
| Nutrien Ltd. |  |  |
| 2.95%, 05/13/30 | &nbsp;&nbsp; 84 | 80096 |
| 3.95%, 05/13/50 | &nbsp;&nbsp; 50 | 38997 |
| 4.13%, 03/15/35 | &nbsp;&nbsp; 35 | 32956 |
| 4.20%, 04/01/29 | &nbsp;&nbsp; 80 | 80310 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 15 | 15268 |
| 4.90%, 06/01/43 | &nbsp;&nbsp; 30 | 27715 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 5.00%, 04/01/49 | &nbsp;&nbsp; $56 | $51162 |
| 5.25%, 01/15/45 | &nbsp;&nbsp; 40 | 38472 |
| 5.63%, 12/01/40 | &nbsp;&nbsp; 30 | 30569 |
| 5.80%, 03/27/53 | &nbsp;&nbsp; 50 | 50973 |
| 5.88%, 12/01/36 | &nbsp;&nbsp; 40 | 42558 |
| PPG Industries, Inc. |  |  |
| 2.55%, 06/15/30 | &nbsp;&nbsp; 75 | 70578 |
| 3.75%, 03/15/28 | &nbsp;&nbsp; 129 | 128771 |
| RPM International, Inc. |  |  |
| 4.25%, 01/15/48 | &nbsp;&nbsp; 45 | 37487 |
| 4.55%, 03/01/29 | &nbsp;&nbsp; 15 | 15228 |
| 5.25%, 06/01/45 | &nbsp;&nbsp; 15 | 14603 |
| Sociedad Quimica y Minera de Chile SA, 4.25%, <br> 05/07/29<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 199839 |
| Tronox, Inc., 4.63%, 03/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp; 75 | 58135 |
| Yara International ASA |  |  |
| 3.15%, 06/04/30<sup>(b)</sup> | &nbsp;&nbsp; 85 | 80775 |
| 4.75%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 92 | 93163 |
| 7.38%, 11/14/32<sup>(d)</sup> | &nbsp;&nbsp; 100 | 114444 |
|  |  | 3125870 |
| **Commercial Services — 0.9%** | **Commercial Services — 0.9%** | **Commercial Services — 0.9%** |
| ADT Security Corp.(The) |  |  |
| 4.13%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp; 70 | 68324 |
| 4.88%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 50 | 48538 |
| 5.88%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25392 |
| AMN Healthcare, Inc., 4.00%, 04/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp; 25 | 23910 |
| Ashtead Capital, Inc. |  |  |
| 2.45%, 08/12/31<sup>(b)</sup> | &nbsp;&nbsp; 80 | 72226 |
| 4.00%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 75 | 74474 |
| 4.38%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp; 65 | 64994 |
| 5.50%, 08/11/32<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10466 |
| 5.95%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 210 | 224037 |
| Automatic Data Processing, Inc. |  |  |
| 1.25%, 09/01/30 | &nbsp;&nbsp; 61 | 54442 |
| 1.70%, 05/15/28 | &nbsp;&nbsp; 97 | 92920 |
| 4.45%, 09/09/34 | &nbsp;&nbsp; 110 | 109815 |
| 4.75%, 05/08/32 | &nbsp;&nbsp; 105 | 108339 |
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc. |  |  |
| 4.75%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29331 |
| 5.38%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38306 |
| 5.75%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34938 |
| 5.75%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp; 26 | 25974 |
| 8.00%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39659 |
| 8.25%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 47 | 47528 |
| 8.38%, 06/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24590 |
| Belron U.K. Finance PLC, 5.75%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp; 75 | 76690 |
| Block Financial LLC |  |  |
| 2.50%, 07/15/28 | &nbsp;&nbsp; 30 | 28596 |
| 3.88%, 08/15/30 | &nbsp;&nbsp; 50 | 47582 |
| Cimpress PLC, 7.38%, 09/15/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40295 |
| Cintas Corp. No. 2 |  |  |
| 3.70%, 04/01/27 | &nbsp;&nbsp; 170 | 169840 |
| 4.00%, 05/01/32 | &nbsp;&nbsp; 85 | 84163 |
| 4.20%, 05/01/28 | &nbsp;&nbsp; 30 | 30263 |
| Clarivate Science Holdings Corp. |  |  |
| 3.88%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp; 60 | 56142 |
| 4.88%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp; 60 | 49301 |
| Deluxe Corp. |  |  |
| 8.00%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40499 |
| 8.13%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36703 |
| Element Fleet Management Corp., 6.32%, 12/04/28<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31648 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Equifax, Inc. |  |  |
| 4.80%, 09/15/29 | &nbsp;&nbsp; $95 | $96721 |
| 5.10%, 12/15/27 | &nbsp;&nbsp; 35 | 35644 |
| Global Payments, Inc. |  |  |
| 2.90%, 05/15/30 | &nbsp;&nbsp; 85 | 79143 |
| 2.90%, 11/15/31 | &nbsp;&nbsp; 50 | 45034 |
| 3.20%, 08/15/29 | &nbsp;&nbsp; 115 | 110289 |
| 4.15%, 08/15/49 | &nbsp;&nbsp; 30 | 22319 |
| 4.45%, 06/01/28 | &nbsp;&nbsp; 95 | 95235 |
| 4.50%, 11/15/28 | &nbsp;&nbsp; 140 | 140484 |
| 5.30%, 08/15/29 | &nbsp;&nbsp; 5 | 5139 |
| 5.40%, 08/15/32 | &nbsp;&nbsp; 60 | 61079 |
| 5.55%, 11/15/35 | &nbsp;&nbsp; 145 | 144210 |
| 5.95%, 08/15/52<sup>(c)</sup> | &nbsp;&nbsp; 55 | 52367 |
| Herc Holdings, Inc. |  |  |
| 6.63%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51626 |
| 7.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 100 | 104765 |
| 7.25%, 06/15/33<sup>(b)(c)</sup> | &nbsp;&nbsp; 75 | 79160 |
| Hertz Corp.(The) |  |  |
| 5.00%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp; 55 | 28560 |
| 12.63%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp; 94 | 86567 |
| Korn Ferry, 4.63%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29907 |
| Moody's Corp. |  |  |
| 2.00%, 08/19/31 | &nbsp;&nbsp; 50 | 44888 |
| 3.10%, 11/29/61 | &nbsp;&nbsp; 35 | 21681 |
| 3.25%, 01/15/28 | &nbsp;&nbsp; 27 | 26692 |
| 3.25%, 05/20/50 | &nbsp;&nbsp; 55 | 38144 |
| 3.75%, 02/25/52 | &nbsp;&nbsp; 25 | 18937 |
| 4.25%, 02/01/29 | &nbsp;&nbsp; 47 | 47483 |
| 4.25%, 08/08/32 | &nbsp;&nbsp; 30 | 29915 |
| 4.88%, 12/17/48 | &nbsp;&nbsp; 39 | 35085 |
| 5.25%, 07/15/44 | &nbsp;&nbsp; 65 | 63757 |
| NESCO Holdings II, Inc., 5.50%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 75 | 74676 |
| PayPal Holdings, Inc. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 95 | 88756 |
| 2.85%, 10/01/29 | &nbsp;&nbsp; 164 | 158143 |
| 3.25%, 06/01/50 | &nbsp;&nbsp; 75 | 52081 |
| 3.90%, 06/01/27 | &nbsp;&nbsp; 20 | 20022 |
| 4.40%, 06/01/32 | &nbsp;&nbsp; 75 | 75177 |
| 5.05%, 06/01/52 | &nbsp;&nbsp; 70 | 62711 |
| 5.10%, 04/01/35 | &nbsp;&nbsp; 20 | 20171 |
| 5.15%, 06/01/34 | &nbsp;&nbsp; 90 | 91626 |
| 5.25%, 06/01/62 | &nbsp;&nbsp; 45 | 41136 |
| 5.50%, 06/01/54 | &nbsp;&nbsp; 35 | 33351 |
| Prime Security Services Borrower LLC/Prime Finance, <br> Inc., 3.38%, 08/31/27<sup>(b)</sup><br>| &nbsp;&nbsp; 70 | 68904 |
| Quanta Services, Inc. |  |  |
| 2.35%, 01/15/32 | &nbsp;&nbsp; 95 | 84855 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 76 | 71844 |
| 3.05%, 10/01/41 | &nbsp;&nbsp; 40 | 30528 |
| 4.75%, 08/09/27 | &nbsp;&nbsp; 10 | 10108 |
| 5.10%, 08/09/35 | &nbsp;&nbsp; 5 | 5088 |
| RELX Capital, Inc. |  |  |
| 3.00%, 05/22/30 | &nbsp;&nbsp; 100 | 95465 |
| 4.00%, 03/18/29 | &nbsp;&nbsp; 90 | 89916 |
| 4.75%, 03/27/30 | &nbsp;&nbsp; 110 | 112236 |
| 5.25%, 03/27/35 | &nbsp;&nbsp; 15 | 15439 |
| RR Donnelley & Sons Co., 8.50%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 26 | 26979 |
| S&P Global, Inc. |  |  |
| 1.25%, 08/15/30 | &nbsp;&nbsp; 69 | 61154 |
| 2.30%, 08/15/60 | &nbsp;&nbsp; 40 | 20573 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 2.45%, 03/01/27 | &nbsp;&nbsp; $95 | $93690 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 75 | 71247 |
| 2.70%, 03/01/29 | &nbsp;&nbsp; 40 | 38667 |
| 2.90%, 03/01/32 | &nbsp;&nbsp; 95 | 88394 |
| 3.25%, 12/01/49 | &nbsp;&nbsp; 55 | 38971 |
| 3.70%, 03/01/52 | &nbsp;&nbsp; 80 | 60768 |
| 3.90%, 03/01/62 | &nbsp;&nbsp; 30 | 22634 |
| 4.25%, 05/01/29 | &nbsp;&nbsp; 110 | 110953 |
| 4.75%, 08/01/28 | &nbsp;&nbsp; 60 | 61269 |
| 5.25%, 09/15/33 | &nbsp;&nbsp; 10 | 10547 |
| Sabre Financial Borrower LLC, 11.13%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 33716 |
| Service Corp. International/U.S. |  |  |
| 3.38%, 08/15/30 | &nbsp;&nbsp; 55 | 51752 |
| 4.00%, 05/15/31 | &nbsp;&nbsp; 55 | 52579 |
| 4.63%, 12/15/27 | &nbsp;&nbsp; 35 | 34930 |
| 5.13%, 06/01/29 | &nbsp;&nbsp; 50 | 50195 |
| 5.75%, 10/15/32 | &nbsp;&nbsp; 65 | 66277 |
| 7.50%, 04/01/27 | &nbsp;&nbsp; 15 | 15455 |
| TR Finance LLC |  |  |
| 5.50%, 08/15/35 | &nbsp;&nbsp; 35 | 36416 |
| 5.65%, 11/23/43 | &nbsp;&nbsp; 5 | 4998 |
| 5.85%, 04/15/40 | &nbsp;&nbsp; 42 | 42889 |
| Transurban Finance Co. Pty. Ltd. |  |  |
| 2.45%, 03/16/31<sup>(b)</sup> | &nbsp;&nbsp; 72 | 66407 |
| 3.38%, 03/22/27<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29840 |
| TriNet Group, Inc. |  |  |
| 3.50%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 31419 |
| 7.13%, 08/15/31<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38863 |
| Valvoline, Inc., 3.63%, 06/15/31<sup>(b)</sup> | &nbsp;&nbsp; 35 | 32533 |
| Verisk Analytics, Inc. |  |  |
| 3.63%, 05/15/50 | &nbsp;&nbsp; 40 | 29211 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 65 | 65189 |
| 5.25%, 06/05/34 | &nbsp;&nbsp; 55 | 55989 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 20 | 20316 |
| 5.50%, 06/15/45 | &nbsp;&nbsp; 27 | 26119 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 25 | 26485 |
| VM Consolidated, Inc., 5.50%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 27 | 26490 |
| WEX, Inc., 6.50%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50182 |
|  |  | 6401085 |
| **Computers — 0.3%** | **Computers — 0.3%** | **Computers — 0.3%** |
| Accenture Capital, Inc. |  |  |
| 3.90%, 10/04/27 | &nbsp;&nbsp; 35 | 35144 |
| 4.05%, 10/04/29 | &nbsp;&nbsp; 100 | 100581 |
| 4.25%, 10/04/31 | &nbsp;&nbsp; 105 | 105350 |
| 4.50%, 10/04/34 | &nbsp;&nbsp; 80 | 79156 |
| ASGN, Inc., 4.63%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38794 |
| Booz Allen Hamilton, Inc. |  |  |
| 3.88%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp; 95 | 93532 |
| 4.00%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp; 75 | 73371 |
| 5.95%, 04/15/35 | &nbsp;&nbsp; 10 | 10148 |
| CACI International, Inc., 6.38%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 75 | 77354 |
| CGI, Inc., 2.30%, 09/14/31 | &nbsp;&nbsp; 50 | 44494 |
| Crane NXT Co., 4.20%, 03/15/48 | &nbsp;&nbsp; 25 | 16571 |
| Diebold Nixdorf, Inc., 7.75%, 03/31/30<sup>(b)</sup> | &nbsp;&nbsp; 65 | 68566 |
| DXC Technology Co., 2.38%, 09/15/28 | &nbsp;&nbsp; 70 | 66017 |
| Fortinet, Inc., 2.20%, 03/15/31 | &nbsp;&nbsp; 47 | 42584 |
| Gartner, Inc. |  |  |
| 3.63%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 75 | 71183 |
| 3.75%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 65 | 60102 |
| 4.50%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp; 60 | 59134 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| Hewlett Packard Enterprise Co. |  |  |
| 4.40%, 09/25/27 | &nbsp;&nbsp; $115 | $115677 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 135 | 136634 |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 120 | 121716 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 135 | 133508 |
| 5.25%, 07/01/28 | &nbsp;&nbsp; 40 | 41058 |
| 5.60%, 10/15/54 | &nbsp;&nbsp; 60 | 55210 |
| 6.20%, 10/15/35<sup>(c)</sup> | &nbsp;&nbsp; 75 | 81268 |
| 6.35%, 10/15/45 | &nbsp;&nbsp; 110 | 113048 |
| Insight Enterprises, Inc., 6.63%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35091 |
| Kyndryl Holdings, Inc. |  |  |
| 3.15%, 10/15/31 | &nbsp;&nbsp; 10 | 8463 |
| 4.10%, 10/15/41 | &nbsp;&nbsp; 45 | 31936 |
| 6.35%, 02/20/34<sup>(c)</sup> | &nbsp;&nbsp; 55 | 52309 |
| NCR Voyix Corp. |  |  |
| 5.00%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp; 60 | 59006 |
| 5.13%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 32 | 31369 |
| NetApp, Inc. |  |  |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 37 | 34701 |
| 5.70%, 03/17/35 | &nbsp;&nbsp; 60 | 62522 |
| Pitney Bowes, Inc. |  |  |
| 6.88%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30022 |
| 7.25%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24920 |
| Seagate Data Storage Technology Pte Ltd. |  |  |
| 4.09%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34290 |
| 4.13%, 01/15/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 15 | 14396 |
| 5.75%, 12/01/34<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40945 |
| 8.25%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36939 |
| 8.50%, 07/15/31<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36817 |
| 9.63%, 12/01/32<sup>(b)</sup> | &nbsp;&nbsp; 56 | 62824 |
|  |  | 2436750 |
| **Cosmetics & Personal Care — 0.1%** | **Cosmetics & Personal Care — 0.1%** | **Cosmetics & Personal Care — 0.1%** |
| Coty, Inc./HFC Prestige Products, Inc./HFC Prestige <br> International U.S. LLC<br>|  |  |
| 4.75%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 15 | 14754 |
| 6.63%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10165 |
| Edgewell Personal Care Co. |  |  |
| 4.13%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38600 |
| 5.50%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49896 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 1.95%, 03/15/31 | &nbsp;&nbsp; 40 | 36100 |
| 2.38%, 12/01/29 | &nbsp;&nbsp; 64 | 60372 |
| 2.60%, 04/15/30 | &nbsp;&nbsp; 105 | 99490 |
| 3.13%, 12/01/49 | &nbsp;&nbsp; 30 | 20474 |
| 3.15%, 03/15/27 | &nbsp;&nbsp; 78 | 77473 |
| 4.15%, 03/15/47 | &nbsp;&nbsp; 55 | 45080 |
| 4.38%, 05/15/28 | &nbsp;&nbsp; 5 | 5056 |
| 4.38%, 06/15/45 | &nbsp;&nbsp; 50 | 43111 |
| 4.65%, 05/15/33 | &nbsp;&nbsp; 40 | 40564 |
| 5.00%, 02/14/34 | &nbsp;&nbsp; 55 | 56833 |
| 5.15%, 05/15/53 | &nbsp;&nbsp; 50 | 46766 |
| 6.00%, 05/15/37 | &nbsp;&nbsp; 20 | 22083 |
| Perrigo Finance Unlimited Co. |  |  |
| 4.90%, 12/15/44 | &nbsp;&nbsp; 20 | 16219 |
| 5.15%, 06/15/30 | &nbsp;&nbsp; 60 | 58063 |
| 6.13%, 09/30/32 | &nbsp;&nbsp; 50 | 48917 |
|  |  | 790016 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** |
| Ferguson Finance PLC |  |  |
| 3.25%, 06/02/30<sup>(b)</sup> | &nbsp;&nbsp; $55 | $52849 |
| 4.50%, 10/24/28<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50455 |
| LKQ Corp. |  |  |
| 5.75%, 06/15/28 | &nbsp;&nbsp; 55 | 56491 |
| 6.25%, 06/15/33 | &nbsp;&nbsp; 40 | 42396 |
| RB Global Holdings, Inc. |  |  |
| 6.75%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35599 |
| 7.75%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 55 | 57172 |
| Resideo Funding, Inc. |  |  |
| 4.00%, 09/01/29<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19491 |
| 6.50%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 55 | 56222 |
|  |  | 370675 |
| **Diversified Financial Services — 2.5%** | **Diversified Financial Services — 2.5%** | **Diversified Financial Services — 2.5%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.00%, 10/29/28 | &nbsp;&nbsp; 195 | 189618 |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 280 | 261559 |
| 3.40%, 10/29/33 | &nbsp;&nbsp; 160 | 145987 |
| 3.65%, 07/21/27 | &nbsp;&nbsp; 150 | 149423 |
| 3.85%, 10/29/41 | &nbsp;&nbsp; 150 | 124761 |
| 3.88%, 01/23/28 | &nbsp;&nbsp; 150 | 149625 |
| 4.63%, 10/15/27 | &nbsp;&nbsp; 155 | 156402 |
| 4.63%, 09/10/29 | &nbsp;&nbsp; 155 | 157105 |
| 4.88%, 04/01/28 | &nbsp;&nbsp; 20 | 20335 |
| 4.95%, 09/10/34 | &nbsp;&nbsp; 25 | 25059 |
| 5.10%, 01/19/29 | &nbsp;&nbsp; 145 | 148808 |
| 5.30%, 01/19/34 | &nbsp;&nbsp; 15 | 15433 |
| 5.38%, 12/15/31 | &nbsp;&nbsp; 20 | 20861 |
| 5.75%, 06/06/28 | &nbsp;&nbsp; 120 | 124305 |
| 6.15%, 09/30/30 | &nbsp;&nbsp; 30 | 32189 |
| 6.45%, 04/15/27 | &nbsp;&nbsp; 150 | 153758 |
| 6.95%, 03/10/55, (5-year CMT + 2.72%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 131894 |
| Affiliated Managers Group, Inc. |  |  |
| 3.30%, 06/15/30 | &nbsp;&nbsp; 70 | 67282 |
| 5.50%, 08/20/34 | &nbsp;&nbsp; 20 | 20539 |
| Air Lease Corp. |  |  |
| 2.10%, 09/01/28 | &nbsp;&nbsp; 60 | 56974 |
| 2.88%, 01/15/32 | &nbsp;&nbsp; 25 | 22674 |
| 3.00%, 02/01/30 | &nbsp;&nbsp; 80 | 75736 |
| 3.25%, 10/01/29 | &nbsp;&nbsp; 5 | 4824 |
| 4.63%, 10/01/28 | &nbsp;&nbsp; 50 | 50412 |
| 5.10%, 03/01/29 | &nbsp;&nbsp; 5 | 5112 |
| 5.20%, 07/15/31 | &nbsp;&nbsp; 15 | 15383 |
| 5.85%, 12/15/27 | &nbsp;&nbsp; 60 | 61797 |
| Ally Financial, Inc. |  |  |
| 2.20%, 11/02/28 | &nbsp;&nbsp; 60 | 57136 |
| 4.75%, 06/09/27 | &nbsp;&nbsp; 30 | 30226 |
| 5.54%, 01/17/31, (1-day SOFR Index + 1.73%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15419 |
| 5.74%, 05/15/29, (1-day SOFR Index + 1.96%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | 87293 |
| 6.18%, 07/26/35, (1-day SOFR + 2.29%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | 46415 |
| 6.65%, 01/17/40, (5-year CMT + 2.45%)<sup>(a)</sup> | &nbsp;&nbsp; 35 | 34972 |
| 6.70%, 02/14/33<sup>(c)</sup> | &nbsp;&nbsp; 35 | 36442 |
| 6.85%, 01/03/30, (1-day SOFR + 2.82%)<sup>(a)</sup> | &nbsp;&nbsp; 45 | 47592 |
| 6.99%, 06/13/29, (1-day SOFR + 3.26%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | 89519 |
| 7.10%, 11/15/27 | &nbsp;&nbsp; 45 | 47126 |
| 8.00%, 11/01/31 | &nbsp;&nbsp; 240 | 272401 |
| American Express Co. |  |  |
| 2.55%, 03/04/27 | &nbsp;&nbsp; 155 | 153248 |
| 3.30%, 05/03/27 | &nbsp;&nbsp; 154 | 153191 |
| 4.05%, 05/03/29 | &nbsp;&nbsp; 145 | 146166 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 4.05%, 12/03/42 | &nbsp;&nbsp; $80 | $69811 |
| 4.35%, 07/20/29, (1-day SOFR + 0.81%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 110981 |
| 4.42%, 08/03/33, (1-day SOFR + 1.76%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 119823 |
| 4.73%, 04/25/29, (1-day SOFR + 1.26%)<sup>(a)</sup> | &nbsp;&nbsp; 200 | 203251 |
| 4.80%, 10/24/36, (1-day SOFR + 1.24%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 24764 |
| 4.92%, 07/20/33, (1-day SOFR + 1.22%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15339 |
| 4.99%, 05/26/33, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 90 | 91886 |
| 5.02%, 04/25/31, (1-day SOFR + 1.44%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 123798 |
| 5.04%, 05/01/34, (1-day SOFR + 1.84%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 112881 |
| 5.09%, 01/30/31, (1-day SOFR Index + 1.02%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 124007 |
| 5.28%, 07/27/29, (1-day SOFR Index + 1.28%)<sup>(a)</sup> | &nbsp;&nbsp; 185 | 190572 |
| 5.28%, 07/26/35, (1-day SOFR + 1.42%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | 62209 |
| 5.41%, 02/08/41, (5-year CMT + 1.15%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 76562 |
| 5.44%, 01/30/36, (1-day SOFR Index + 1.32%)<sup>(a)</sup> | &nbsp;&nbsp; 145 | 151056 |
| 5.53%, 04/25/30, (1-day SOFR Index + 1.09%)<sup>(a)</sup> | &nbsp;&nbsp; 60 | 62676 |
| 5.63%, 07/28/34, (1-day SOFR + 1.93%)<sup>(a)</sup> | &nbsp;&nbsp; 20 | 20981 |
| 5.67%, 04/25/36, (1-day SOFR + 1.79%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 127005 |
| 5.85%, 11/05/27 | &nbsp;&nbsp; 35 | 36115 |
| 5.92%, 04/25/35, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 80104 |
| 6.49%, 10/30/31, (1-day SOFR + 1.94%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 16419 |
| American Express Credit Corp., 3.30%, 05/03/27 | &nbsp;&nbsp; 60 | 59673 |
| Ameriprise Financial, Inc. |  |  |
| 4.50%, 05/13/32 | &nbsp;&nbsp; 90 | 90894 |
| 5.15%, 05/15/33 | &nbsp;&nbsp; 60 | 62210 |
| 5.70%, 12/15/28 | &nbsp;&nbsp; 40 | 41849 |
| Apollo Global Management, Inc. |  |  |
| 5.15%, 08/12/35 | &nbsp;&nbsp; 5 | 4952 |
| 5.80%, 05/21/54 | &nbsp;&nbsp; 60 | 57011 |
| 6.00%, 12/15/54, (5-year CMT + 2.17%)<sup>(a)(c)</sup> | &nbsp;&nbsp; 40 | 38447 |
| 6.38%, 11/15/33 | &nbsp;&nbsp; 60 | 65300 |
| Ares Finance Co. II LLC, 3.25%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | 47847 |
| Ares Finance Co. IV LLC, 3.65%, 02/01/52<sup>(b)</sup> | &nbsp;&nbsp; 25 | 17122 |
| Ares Management Corp. |  |  |
| 5.60%, 10/11/54 | &nbsp;&nbsp; 65 | 59072 |
| 6.38%, 11/10/28 | &nbsp;&nbsp; 5 | 5252 |
| BOC Aviation Ltd., 2.63%, 09/17/30<sup>(b)</sup> | &nbsp;&nbsp; 200 | 188856 |
| BOC Aviation USA Corp., 5.00%, 01/17/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 205603 |
| Bread Financial Holdings, Inc., 8.38%, 06/15/35, <br> (5-year CMT + 4.30%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp; 25 | 25483 |
| Burford Capital Global Finance LLC |  |  |
| 8.50%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24506 |
| 9.25%, 07/01/31<sup>(b)</sup> | &nbsp;&nbsp; 75 | 76022 |
| Capital One Financial Corp. |  |  |
| 2.36%, 07/29/32, (1-day SOFR + 1.34%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 105752 |
| 3.27%, 03/01/30, (1-day SOFR + 1.79%)<sup>(a)</sup> | &nbsp;&nbsp; 140 | 136546 |
| 3.65%, 05/11/27 | &nbsp;&nbsp; 90 | 89698 |
| 3.80%, 01/31/28 | &nbsp;&nbsp; 110 | 109650 |
| 4.93%, 05/10/28, (1-day SOFR + 2.06%)<sup>(a)</sup> | &nbsp;&nbsp; 155 | 156534 |
| 5.20%, 09/11/36, (1-day SOFR + 1.63%)<sup>(a)</sup> | &nbsp;&nbsp; 55 | 54867 |
| 5.27%, 05/10/33, (1-day SOFR + 2.37%)<sup>(a)</sup> | &nbsp;&nbsp; 125 | 128170 |
| 5.46%, 07/26/30, (1-day SOFR + 1.56%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 124474 |
| 5.47%, 02/01/29, (1-day SOFR + 2.08%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 76893 |
| 5.70%, 02/01/30, (1-day SOFR + 1.91%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 67683 |
| 5.82%, 02/01/34, (1-day SOFR + 2.60%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 68593 |
| 5.88%, 07/26/35, (1-day SOFR + 1.99%)<sup>(a)</sup> | &nbsp;&nbsp; 170 | 179075 |
| 6.05%, 02/01/35, (1-day SOFR + 2.26%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 53126 |
| 6.18%, 01/30/36, (1-day SOFR + 2.04%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 124804 |
| 6.31%, 06/08/29, (1-day SOFR + 2.64%)<sup>(a)</sup> | &nbsp;&nbsp; 140 | 146387 |
| 6.38%, 06/08/34, (1-day SOFR + 2.86%)<sup>(a)</sup> | &nbsp;&nbsp; 150 | 162654 |
| 6.70%, 11/29/32 | &nbsp;&nbsp; 60 | 66728 |
| 7.62%, 10/30/31, (1-day SOFR + 3.07%)<sup>(a)</sup> | &nbsp;&nbsp; 85 | 96026 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 7.96%, 11/02/34, (1-day SOFR + 3.37%)<sup>(a)</sup> | &nbsp;&nbsp; $65 | $76494 |
| Cboe Global Markets, Inc. |  |  |
| 1.63%, 12/15/30 | &nbsp;&nbsp; 20 | 17880 |
| 3.00%, 03/16/32 | &nbsp;&nbsp; 70 | 65447 |
| Charles Schwab Corp.(The) |  |  |
| 1.65%, 03/11/31 | &nbsp;&nbsp; 105 | 93037 |
| 1.95%, 12/01/31 | &nbsp;&nbsp; 90 | 79742 |
| 2.00%, 03/20/28 | &nbsp;&nbsp; 130 | 125540 |
| 2.30%, 05/13/31 | &nbsp;&nbsp; 60 | 54848 |
| 2.45%, 03/03/27 | &nbsp;&nbsp; 45 | 44427 |
| 2.75%, 10/01/29 | &nbsp;&nbsp; 60 | 57693 |
| 2.90%, 03/03/32 | &nbsp;&nbsp; 65 | 60056 |
| 3.20%, 03/02/27 | &nbsp;&nbsp; 65 | 64647 |
| 3.20%, 01/25/28 | &nbsp;&nbsp; 95 | 94182 |
| 3.25%, 05/22/29 | &nbsp;&nbsp; 45 | 44240 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 50 | 49738 |
| 4.00%, 02/01/29 | &nbsp;&nbsp; 50 | 50339 |
| 4.63%, 03/22/30 | &nbsp;&nbsp; 25 | 25714 |
| 5.64%, 05/19/29, (1-day SOFR + 2.21%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 51887 |
| 5.85%, 05/19/34, (1-day SOFR + 2.50%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | 75156 |
| 6.14%, 08/24/34, (1-day SOFR + 2.01%)<sup>(a)</sup> | &nbsp;&nbsp; 120 | 130958 |
| 6.20%, 11/17/29, (1-day SOFR + 1.88%)<sup>(a)</sup> | &nbsp;&nbsp; 105 | 111165 |
| CMB International Leasing Management Ltd., 4.51%, <br> 06/04/27, (1-day SOFR + 0.76%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 200 | 200478 |
| CME Group, Inc. |  |  |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 80 | 73975 |
| 3.75%, 06/15/28 | &nbsp;&nbsp; 100 | 100054 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 50 | 42877 |
| 4.40%, 03/15/30 | &nbsp;&nbsp; 10 | 10183 |
| 5.30%, 09/15/43 | &nbsp;&nbsp; 70 | 71535 |
| Credit Acceptance Corp., 6.63%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49795 |
| Encore Capital Group, Inc. |  |  |
| 8.50%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 35 | 37458 |
| 9.25%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 50 | 52507 |
| Equitable America Global Funding, 4.95%, <br> 06/09/30<sup>(b)</sup><br>| &nbsp;&nbsp; 105 | 107327 |
| Far East Horizon Ltd., 5.88%, 03/05/28<sup>(d)</sup> | &nbsp;&nbsp; 200 | 201339 |
| Franklin Resources, Inc. |  |  |
| 1.60%, 10/30/30 | &nbsp;&nbsp; 65 | 58383 |
| 2.95%, 08/12/51 | &nbsp;&nbsp; 40 | 25728 |
| Intercontinental Exchange, Inc. |  |  |
| 1.85%, 09/15/32 | &nbsp;&nbsp; 160 | 137796 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 90 | 83208 |
| 2.65%, 09/15/40 | &nbsp;&nbsp; 100 | 74688 |
| 3.00%, 06/15/50 | &nbsp;&nbsp; 90 | 59390 |
| 3.00%, 09/15/60 | &nbsp;&nbsp; 115 | 68882 |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 69 | 68315 |
| 3.63%, 09/01/28 | &nbsp;&nbsp; 170 | 168953 |
| 3.75%, 09/21/28 | &nbsp;&nbsp; 35 | 34877 |
| 4.00%, 09/15/27 | &nbsp;&nbsp; 120 | 120364 |
| 4.25%, 09/21/48 | &nbsp;&nbsp; 87 | 72571 |
| 4.35%, 06/15/29 | &nbsp;&nbsp; 5 | 5064 |
| 4.60%, 03/15/33 | &nbsp;&nbsp; 130 | 131843 |
| 4.95%, 06/15/52 | &nbsp;&nbsp; 110 | 100467 |
| 5.20%, 06/15/62 | &nbsp;&nbsp; 75 | 69457 |
| 5.25%, 06/15/31 | &nbsp;&nbsp; 55 | 57802 |
| Janus Henderson U.S. Holdings, Inc., 5.45%, <br> 09/10/34<br>| &nbsp;&nbsp; 25 | 25356 |
| Lazard Group LLC |  |  |
| 4.38%, 03/11/29 | &nbsp;&nbsp; 50 | 50145 |
| 4.50%, 09/19/28 | &nbsp;&nbsp; 20 | 20113 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 6.00%, 03/15/31 | &nbsp;&nbsp; $30 | $31967 |
| Legg Mason, Inc., 5.63%, 01/15/44 | &nbsp;&nbsp; 34 | 33986 |
| LPL Holdings, Inc. |  |  |
| 4.00%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 75 | 73984 |
| 4.38%, 05/15/31<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39126 |
| 4.63%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp; 85 | 85015 |
| 4.90%, 04/03/28 | &nbsp;&nbsp; 5 | 5057 |
| 5.20%, 03/15/30 | &nbsp;&nbsp; 20 | 20455 |
| 5.70%, 05/20/27 | &nbsp;&nbsp; 55 | 55856 |
| 5.75%, 06/15/35 | &nbsp;&nbsp; 45 | 45950 |
| 6.00%, 05/20/34 | &nbsp;&nbsp; 45 | 47035 |
| 6.75%, 11/17/28 | &nbsp;&nbsp; 65 | 68940 |
| LSEG U.S. Fin Corp., 5.30%, 03/28/34<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36130 |
| LSEGA Financing PLC |  |  |
| 2.00%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp; 245 | 235064 |
| 2.50%, 04/06/31<sup>(b)</sup> | &nbsp;&nbsp; 60 | 54739 |
| 3.20%, 04/06/41<sup>(b)</sup> | &nbsp;&nbsp; 35 | 27083 |
| Mastercard, Inc. |  |  |
| 3.35%, 03/26/30 | &nbsp;&nbsp; 200 | 196498 |
| 3.50%, 02/26/28 | &nbsp;&nbsp; 200 | 199859 |
| 3.85%, 03/26/50 | &nbsp;&nbsp; 205 | 162198 |
| 4.88%, 05/09/34 | &nbsp;&nbsp; 200 | 206167 |
| Mitsubishi HC Capital, Inc. |  |  |
| 3.97%, 04/13/30<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19827 |
| 5.08%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5074 |
| Mitsubishi HC Finance America LLC, 5.66%, <br> 02/28/33<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 5282 |
| Nasdaq, Inc. |  |  |
| 1.65%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp; 65 | 58020 |
| 2.50%, 12/21/40 | &nbsp;&nbsp; 70 | 50158 |
| 3.25%, 04/28/50 | &nbsp;&nbsp; 65 | 44436 |
| 3.95%, 03/07/52 | &nbsp;&nbsp; 40 | 30368 |
| 5.35%, 06/28/28 | &nbsp;&nbsp; 98 | 100846 |
| 5.55%, 02/15/34 | &nbsp;&nbsp; 63 | 66378 |
| 5.95%, 08/15/53 | &nbsp;&nbsp; 15 | 15550 |
| 6.10%, 06/28/63 | &nbsp;&nbsp; 60 | 62291 |
| OneMain Finance Corp. |  |  |
| 3.50%, 01/15/27 | &nbsp;&nbsp; 35 | 34579 |
| 3.88%, 09/15/28 | &nbsp;&nbsp; 35 | 33864 |
| 4.00%, 09/15/30 | &nbsp;&nbsp; 62 | 57238 |
| 5.38%, 11/15/29 | &nbsp;&nbsp; 55 | 54394 |
| 6.13%, 05/15/30 | &nbsp;&nbsp; 30 | 30106 |
| 6.63%, 01/15/28 | &nbsp;&nbsp; 50 | 51053 |
| 6.63%, 05/15/29 | &nbsp;&nbsp; 50 | 51123 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 50 | 50433 |
| 6.75%, 09/15/33 | &nbsp;&nbsp; 25 | 24816 |
| 7.13%, 11/15/31 | &nbsp;&nbsp; 55 | 56270 |
| 7.13%, 09/15/32 | &nbsp;&nbsp; 60 | 61358 |
| 7.50%, 05/15/31 | &nbsp;&nbsp; 65 | 67108 |
| 7.88%, 03/15/30 | &nbsp;&nbsp; 65 | 67993 |
| PennyMac Financial Services, Inc. |  |  |
| 4.25%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24034 |
| 5.75%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29188 |
| 6.75%, 02/15/34<sup>(b)</sup> | &nbsp;&nbsp; 75 | 74128 |
| 6.88%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45272 |
| 6.88%, 02/15/33<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50071 |
| 7.13%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51393 |
| 7.88%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp; 55 | 57713 |
| PRA Group, Inc. |  |  |
| 5.00%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 25 | 23105 |
| 8.38%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35242 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 8.88%, 01/31/30<sup>(b)</sup> | &nbsp;&nbsp; $35 | $35611 |
| Radian Group, Inc. |  |  |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 87 | 87252 |
| 6.20%, 05/15/29 | &nbsp;&nbsp; 55 | 57658 |
| Raymond James Financial, Inc. |  |  |
| 3.75%, 04/01/51 | &nbsp;&nbsp; 80 | 59208 |
| 4.65%, 04/01/30 | &nbsp;&nbsp; 80 | 81831 |
| 4.95%, 07/15/46 | &nbsp;&nbsp; 65 | 59843 |
| Rocket Companies, Inc. |  |  |
| 6.13%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp; 150 | 153799 |
| 6.38%, 08/01/33<sup>(b)</sup> | &nbsp;&nbsp; 125 | 129260 |
| Rocket Mortgage LLC/Rocket Mortgage <br> Co-Issuer, Inc.<br>|  |  |
| 3.63%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp; 90 | 86657 |
| 3.88%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 80 | 75184 |
| 4.00%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 75 | 68852 |
| Shriram Finance Ltd., 6.63%, 04/22/27<sup>(d)</sup> | &nbsp;&nbsp; 200 | 204136 |
| SLM Corp., 6.50%, 01/31/30 | &nbsp;&nbsp; 50 | 50778 |
| Stifel Financial Corp., 4.00%, 05/15/30 | &nbsp;&nbsp; 30 | 29542 |
| Synchrony Financial |  |  |
| 3.95%, 12/01/27 | &nbsp;&nbsp; 125 | 124462 |
| 4.95%, 02/25/32, (1-day SOFR + 1.53%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 49670 |
| 5.15%, 03/19/29 | &nbsp;&nbsp; 84 | 85364 |
| 5.45%, 03/06/31, (1-day SOFR + 1.68%)<sup>(a)</sup> | &nbsp;&nbsp; 25 | 25550 |
| 5.94%, 08/02/30, (1-day SOFR + 2.13%)<sup>(a)</sup> | &nbsp;&nbsp; 110 | 114153 |
| 6.00%, 07/29/36, (1-day SOFR + 2.07%)<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5095 |
| 7.25%, 02/02/33 | &nbsp;&nbsp; 50 | 52751 |
| Visa, Inc. |  |  |
| 0.75%, 08/15/27 | &nbsp;&nbsp; 20 | 19216 |
| 1.10%, 02/15/31 | &nbsp;&nbsp; 85 | 74755 |
| 1.90%, 04/15/27 | &nbsp;&nbsp; 72 | 70614 |
| 2.00%, 08/15/50<sup>(c)</sup> | &nbsp;&nbsp; 105 | 57788 |
| 2.05%, 04/15/30 | &nbsp;&nbsp; 117 | 109356 |
| 2.70%, 04/15/40 | &nbsp;&nbsp; 70 | 54612 |
| 2.75%, 09/15/27 | &nbsp;&nbsp; 75 | 74039 |
| 3.65%, 09/15/47 | &nbsp;&nbsp; 55 | 43514 |
| 4.15%, 12/14/35 | &nbsp;&nbsp; 75 | 73428 |
| 4.30%, 12/14/45 | &nbsp;&nbsp; 230 | 202501 |
| Voya Financial, Inc. |  |  |
| 4.70%, 01/23/48, (3-mo. SOFR US + 2.34%)<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9620 |
| 4.80%, 06/15/46 | &nbsp;&nbsp; 35 | 31173 |
| 5.70%, 07/15/43 | &nbsp;&nbsp; 10 | 9787 |
| Western Union Co.(The) |  |  |
| 2.75%, 03/15/31<sup>(c)</sup> | &nbsp;&nbsp; 30 | 27384 |
| 6.20%, 11/17/36<sup>(c)</sup> | &nbsp;&nbsp; 45 | 46795 |
|  |  | 17852178 |
| **Electric — 0.4%** | **Electric — 0.4%** | **Electric — 0.4%** |
| AEP Texas, Inc. |  |  |
| 3.45%, 05/15/51 | &nbsp;&nbsp; 60 | 41357 |
| 3.80%, 10/01/47 | &nbsp;&nbsp; 50 | 37352 |
| 3.95%, 06/01/28 | &nbsp;&nbsp; 15 | 14986 |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 55 | 55644 |
| 5.40%, 06/01/33 | &nbsp;&nbsp; 55 | 57210 |
| 5.45%, 05/15/29 | &nbsp;&nbsp; 50 | 52070 |
| 5.70%, 05/15/34 | &nbsp;&nbsp; 20 | 21163 |
| 5.85%, 10/15/55 | &nbsp;&nbsp; 5 | 4991 |
| Series H, 3.45%, 01/15/50 | &nbsp;&nbsp; 15 | 10493 |
| Series I, 2.10%, 07/01/30 | &nbsp;&nbsp; 10 | 9225 |
| American Transmission Systems, Inc. |  |  |
| 2.65%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 70 | 63993 |
| 5.00%, 09/01/44<sup>(b)</sup> | &nbsp;&nbsp; 45 | 42612 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Atlantic City Electric Co. |  |  |
| 2.30%, 03/15/31 | &nbsp;&nbsp; $5 | $4595 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 60 | 60196 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 3.55%, 08/01/42 | &nbsp;&nbsp; 60 | 48605 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 50 | 40429 |
| 4.50%, 04/01/44 | &nbsp;&nbsp; 44 | 39304 |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 50 | 51335 |
| 5.20%, 10/01/28 | &nbsp;&nbsp; 30 | 30991 |
| Series AD, 2.90%, 07/01/50 | &nbsp;&nbsp; 15 | 9834 |
| Series AE, 2.35%, 04/01/31 | &nbsp;&nbsp; 55 | 50382 |
| Series AF, 3.35%, 04/01/51 | &nbsp;&nbsp; 70 | 49842 |
| Series AG, 3.00%, 03/01/32 | &nbsp;&nbsp; 30 | 27935 |
| Series ai., 4.45%, 10/01/32 | &nbsp;&nbsp; 50 | 50389 |
| Series AJ, 4.85%, 10/01/52 | &nbsp;&nbsp; 5 | 4555 |
| Series K2, 6.95%, 03/15/33 | &nbsp;&nbsp; 25 | 28551 |
| Cleveland Electric Illuminating Co.(The) |  |  |
| 3.50%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 55 | 54286 |
| 4.55%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35225 |
| Commonwealth Edison Co. |  |  |
| 3.00%, 03/01/50 | &nbsp;&nbsp; 45 | 29888 |
| 3.65%, 06/15/46 | &nbsp;&nbsp; 130 | 101215 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 10 | 7967 |
| 3.80%, 10/01/42 | &nbsp;&nbsp; 5 | 4119 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 105 | 85221 |
| 4.35%, 11/15/45 | &nbsp;&nbsp; 10 | 8682 |
| 4.60%, 08/15/43 | &nbsp;&nbsp; 100 | 90847 |
| 5.30%, 02/01/53 | &nbsp;&nbsp; 45 | 43131 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 35 | 35272 |
| 5.90%, 03/15/36 | &nbsp;&nbsp; 70 | 76260 |
| 5.95%, 06/01/55 | &nbsp;&nbsp; 25 | 26109 |
| 6.45%, 01/15/38 | &nbsp;&nbsp; 40 | 45231 |
| Series 122, 2.95%, 08/15/27 | &nbsp;&nbsp; 20 | 19789 |
| Series 123, 3.75%, 08/15/47 | &nbsp;&nbsp; 40 | 31152 |
| Series 130, 3.13%, 03/15/51 | &nbsp;&nbsp; 55 | 37066 |
| Series 133, 3.85%, 03/15/52 | &nbsp;&nbsp; 30 | 22827 |
| Duke Energy Florida Project Finance LLC, Series <br> 2035, 3.11%, 09/01/38<sup>(c)</sup><br>| &nbsp;&nbsp; 25 | 22000 |
| FirstEnergy Transmission LLC |  |  |
| 2.87%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38913 |
| 4.55%, 04/01/49<sup>(b)</sup> | &nbsp;&nbsp; 35 | 30358 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 80 | 81054 |
| 5.45%, 07/15/44<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4930 |
| ITC Holdings Corp. |  |  |
| 2.95%, 05/14/30<sup>(b)</sup> | &nbsp;&nbsp; 21 | 19980 |
| 3.35%, 11/15/27 | &nbsp;&nbsp; 65 | 64335 |
| 4.95%, 09/22/27<sup>(b)</sup> | &nbsp;&nbsp; 80 | 80966 |
| 5.30%, 07/01/43 | &nbsp;&nbsp; 25 | 24150 |
| 5.40%, 06/01/33<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5180 |
| 5.65%, 05/09/34<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31584 |
| Jersey Central Power & Light Co. |  |  |
| 2.75%, 03/01/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | 36533 |
| 4.15%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5012 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 25 | 25680 |
| Mid-Atlantic Interstate Transmission LLC, 4.10%, <br> 05/15/28<sup>(b)</sup><br>| &nbsp;&nbsp; 60 | 60210 |
| Ohio Power Co. |  |  |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 40 | 31342 |
| 4.15%, 04/01/48 | &nbsp;&nbsp; 60 | 48887 |
| 5.00%, 06/01/33 | &nbsp;&nbsp; 5 | 5106 |
| 5.65%, 06/01/34 | &nbsp;&nbsp; 10 | 10555 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Series P, 2.60%, 04/01/30 | &nbsp;&nbsp; $45 | $42491 |
| Series Q, 1.63%, 01/15/31 | &nbsp;&nbsp; 40 | 35444 |
| Series R, 2.90%, 10/01/51 | &nbsp;&nbsp; 15 | 9427 |
| PG&E Recovery Funding LLC, Series A-2, 5.23%, <br> 06/01/42<br>| &nbsp;&nbsp; 90 | 93095 |
| Potomac Electric Power Co. |  |  |
| 4.15%, 03/15/43 | &nbsp;&nbsp; 117 | 101020 |
| 5.20%, 03/15/34 | &nbsp;&nbsp; 15 | 15647 |
| 5.50%, 03/15/54 | &nbsp;&nbsp; 5 | 4908 |
| 6.50%, 11/15/37 | &nbsp;&nbsp; 5 | 5656 |
| PPL Electric Utilities Corp. |  |  |
| 3.00%, 10/01/49 | &nbsp;&nbsp; 55 | 37004 |
| 3.95%, 06/01/47 | &nbsp;&nbsp; 45 | 36520 |
| 4.13%, 06/15/44 | &nbsp;&nbsp; 35 | 29940 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 45 | 37545 |
| 5.00%, 05/15/33 | &nbsp;&nbsp; 65 | 67078 |
| 5.25%, 05/15/53 | &nbsp;&nbsp; 60 | 57639 |
| 5.55%, 08/15/55 | &nbsp;&nbsp; 5 | 5038 |
| 6.25%, 05/15/39 | &nbsp;&nbsp; 35 | 38902 |
| Toledo Edison Co. (The), 6.15%, 05/15/37 | &nbsp;&nbsp; 15 | 16580 |
| Trans-Allegheny Interstate Line Co., 5.00%, <br> 01/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | 10338 |
|  |  | 2933373 |
| **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** | **Electrical Components & Equipment — 0.1%** |
| ABB Finance USA, Inc. |  |  |
| 3.80%, 04/03/28 | &nbsp;&nbsp; 70 | 70066 |
| 4.38%, 05/08/42 | &nbsp;&nbsp; 20 | 18194 |
| Acuity Brands Lighting, Inc., 2.15%, 12/15/30 | &nbsp;&nbsp; 50 | 45391 |
| Energizer Holdings, Inc. |  |  |
| 4.38%, 03/31/29<sup>(b)</sup> | &nbsp;&nbsp; 53 | 51463 |
| 4.75%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp; 45 | 44630 |
| EnerSys |  |  |
| 4.38%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29874 |
| 6.63%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20664 |
| WESCO Distribution, Inc. |  |  |
| 5.25%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20064 |
| 5.50%, 04/15/34<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30228 |
| 6.38%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 65 | 66849 |
| 6.38%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 45 | 46950 |
| 6.63%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 67 | 69659 |
| 7.25%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp; 90 | 90683 |
|  |  | 604715 |
| **Electronics — 0.2%** | **Electronics — 0.2%** | **Electronics — 0.2%** |
| Allegion PLC, 3.50%, 10/01/29 | &nbsp;&nbsp; 42 | 41121 |
| Allegion U.S. Holding Co., Inc. |  |  |
| 3.55%, 10/01/27 | &nbsp;&nbsp; 40 | 39724 |
| 5.41%, 07/01/32 | &nbsp;&nbsp; 50 | 52228 |
| 5.60%, 05/29/34 | &nbsp;&nbsp; 55 | 58018 |
| Arrow Electronics, Inc. |  |  |
| 3.88%, 01/12/28 | &nbsp;&nbsp; 35 | 34821 |
| 5.88%, 04/10/34 | &nbsp;&nbsp; 15 | 15780 |
| Atkore, Inc., 4.25%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28764 |
| Avnet, Inc., 3.00%, 05/15/31 | &nbsp;&nbsp; 50 | 46082 |
| Coherent Corp., 5.00%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp; 70 | 70082 |
| Flex Ltd. |  |  |
| 4.88%, 06/15/29 | &nbsp;&nbsp; 56 | 57028 |
| 4.88%, 05/12/30 | &nbsp;&nbsp; 50 | 50915 |
| Fortive Corp., 4.30%, 06/15/46 | &nbsp;&nbsp; 47 | 39669 |
| Hubbell, Inc. |  |  |
| 2.30%, 03/15/31 | &nbsp;&nbsp; 27 | 24927 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 3.15%, 08/15/27 | &nbsp;&nbsp; $50 | $49445 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 37 | 36767 |
| Jabil, Inc. |  |  |
| 3.00%, 01/15/31 | &nbsp;&nbsp; 65 | 60950 |
| 3.60%, 01/15/30 | &nbsp;&nbsp; 55 | 53521 |
| 3.95%, 01/12/28 | &nbsp;&nbsp; 72 | 71861 |
| 5.45%, 02/01/29 | &nbsp;&nbsp; 10 | 10358 |
| Keysight Technologies, Inc. |  |  |
| 3.00%, 10/30/29 | &nbsp;&nbsp; 57 | 55050 |
| 4.60%, 04/06/27 | &nbsp;&nbsp; 60 | 60318 |
| 5.35%, 07/30/30 | &nbsp;&nbsp; 45 | 47144 |
| Sensata Technologies BV |  |  |
| 4.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 70 | 68523 |
| 5.88%, 09/01/30<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45456 |
| Sensata Technologies, Inc. |  |  |
| 3.75%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 55 | 51888 |
| 4.38%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29466 |
| 6.63%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41779 |
| TD SYNNEX Corp. |  |  |
| 2.65%, 08/09/31 | &nbsp;&nbsp; 10 | 9067 |
| 6.10%, 04/12/34 | &nbsp;&nbsp; 45 | 47647 |
| Trimble, Inc. |  |  |
| 4.90%, 06/15/28 | &nbsp;&nbsp; 82 | 82843 |
| 6.10%, 03/15/33 | &nbsp;&nbsp; 70 | 74703 |
| TTM Technologies, Inc., 4.00%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 33962 |
| Tyco Electronics Group SA |  |  |
| 2.50%, 02/04/32 | &nbsp;&nbsp; 25 | 22752 |
| 3.13%, 08/15/27 | &nbsp;&nbsp; 85 | 84366 |
| 7.13%, 10/01/37 | &nbsp;&nbsp; 45 | 53754 |
| Vontier Corp. |  |  |
| 2.40%, 04/01/28 | &nbsp;&nbsp; 40 | 38629 |
| 2.95%, 04/01/31 | &nbsp;&nbsp; 68 | 63150 |
|  |  | 1752558 |
| **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** |
| Arcosa, Inc. |  |  |
| 4.38%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34503 |
| 6.88%, 08/15/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41959 |
| Dycom Industries, Inc., 4.50%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34470 |
| Great Lakes Dredge & Dock Corp., 5.25%, <br> 06/01/29<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 24944 |
| INNOVATE Corp., 10.50%, 02/01/27, (10.50 % <br> PIK)<sup>(b)(e)</sup><br>| &nbsp;&nbsp; 4 | 3852 |
| Jacobs Engineering Group, Inc., 6.35%, 08/18/28 | &nbsp;&nbsp; 70 | 73543 |
| TopBuild Corp. |  |  |
| 3.63%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24185 |
| 4.13%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | 33297 |
| Tutor Perini Corp., 11.88%, 04/30/29<sup>(b)</sup> | &nbsp;&nbsp; 30 | 32822 |
|  |  | 303575 |
| **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |
| Cinemark USA, Inc. |  |  |
| 5.25%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp; 60 | 60006 |
| 7.00%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36444 |
| Live Nation Entertainment, Inc. |  |  |
| 3.75%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34474 |
| 4.75%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp; 79 | 78932 |
| 6.50%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp; 80 | 80399 |
| SeaWorld Parks & Entertainment, Inc., 5.25%, <br> 08/15/29<sup>(b)</sup><br>| &nbsp;&nbsp; 55 | 53360 |
| Six Flags Entertainment Corp., 7.25%, 05/15/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 50 | 49107 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Entertainment (continued)** | **Entertainment (continued)** | **Entertainment (continued)** |
| Six Flags Entertainment Corp./Canada's Wonderland <br> Co./Magnum Management Corp.<br>|  |  |
| 5.25%, 07/15/29 | &nbsp;&nbsp; $35 | $33650 |
| 6.50%, 10/01/28 | &nbsp;&nbsp; 20 | 20013 |
| Six Flags Entertainment Corp./Six Flags Theme <br> Parks, Inc./Canada's Wonderland Co., 6.63%, <br> 05/01/32<sup>(b)</sup><br>| &nbsp;&nbsp; 62 | 63042 |
| Six Flags Entertainment Corp/Canada's Wonderland <br> Co/Millennium Operations LLC, 8.63%, 01/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 25283 |
| Vail Resorts, Inc. |  |  |
| 5.63%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 55 | 55907 |
| 6.50%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41396 |
|  |  | 632013 |
| **Environmental Control — 0.3%** | **Environmental Control — 0.3%** | **Environmental Control — 0.3%** |
| Republic Services, Inc. |  |  |
| 1.45%, 02/15/31 | &nbsp;&nbsp; 75 | 66158 |
| 1.75%, 02/15/32 | &nbsp;&nbsp; 97 | 84710 |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 89 | 83478 |
| 2.38%, 03/15/33 | &nbsp;&nbsp; 45 | 39800 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 40 | 27566 |
| 3.38%, 11/15/27 | &nbsp;&nbsp; 78 | 77539 |
| 3.95%, 05/15/28 | &nbsp;&nbsp; 38 | 38112 |
| 4.88%, 04/01/29 | &nbsp;&nbsp; 65 | 66785 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 5 | 5181 |
| 5.00%, 04/01/34 | &nbsp;&nbsp; 100 | 103600 |
| 5.70%, 05/15/41 | &nbsp;&nbsp; 25 | 26694 |
| 6.20%, 03/01/40 | &nbsp;&nbsp; 20 | 22548 |
| Veralto Corp. |  |  |
| 5.35%, 09/18/28 | &nbsp;&nbsp; 20 | 20647 |
| 5.45%, 09/18/33 | &nbsp;&nbsp; 45 | 47410 |
| Waste Management, Inc. |  |  |
| 1.15%, 03/15/28 | &nbsp;&nbsp; 115 | 109261 |
| 1.50%, 03/15/31 | &nbsp;&nbsp; 72 | 63781 |
| 2.00%, 06/01/29 | &nbsp;&nbsp; 55 | 51911 |
| 2.50%, 11/15/50 | &nbsp;&nbsp; 50 | 30947 |
| 3.15%, 11/15/27 | &nbsp;&nbsp; 89 | 88249 |
| 4.10%, 03/01/45 | &nbsp;&nbsp; 50 | 43449 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 70 | 70067 |
| 4.15%, 07/15/49 | &nbsp;&nbsp; 60 | 51129 |
| 4.50%, 03/15/28 | &nbsp;&nbsp; 5 | 5075 |
| 4.65%, 03/15/30 | &nbsp;&nbsp; 115 | 117984 |
| 4.80%, 03/15/32 | &nbsp;&nbsp; 30 | 31043 |
| 4.88%, 02/15/29 | &nbsp;&nbsp; 95 | 97783 |
| 4.88%, 02/15/34 | &nbsp;&nbsp; 105 | 108694 |
| 4.95%, 07/03/27 | &nbsp;&nbsp; 60 | 60918 |
| 4.95%, 07/03/31 | &nbsp;&nbsp; 10 | 10431 |
| 4.95%, 03/15/35 | &nbsp;&nbsp; 125 | 128482 |
| 5.35%, 10/15/54 | &nbsp;&nbsp; 100 | 98625 |
|  |  | 1878057 |
| **Food — 0.8%** | **Food — 0.8%** | **Food — 0.8%** |
| B&G Foods, Inc. |  |  |
| 5.25%, 09/15/27 | &nbsp;&nbsp; 40 | 38829 |
| 8.00%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp; 65 | 63066 |
| Bimbo Bakeries USA, Inc., 6.40%, 01/15/34<sup>(d)</sup> | &nbsp;&nbsp; 200 | 220261 |
| Conagra Brands, Inc. |  |  |
| 1.38%, 11/01/27 | &nbsp;&nbsp; 95 | 90928 |
| 4.85%, 11/01/28 | &nbsp;&nbsp; 106 | 107488 |
| 5.30%, 11/01/38 | &nbsp;&nbsp; 48 | 46208 |
| 5.40%, 11/01/48 | &nbsp;&nbsp; 70 | 62729 |
| 5.75%, 08/01/35<sup>(c)</sup> | &nbsp;&nbsp; 55 | 56761 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 7.00%, 10/01/28 | &nbsp;&nbsp; $10 | $10695 |
| 8.25%, 09/15/30 | &nbsp;&nbsp; 55 | 63257 |
| Flowers Foods, Inc. |  |  |
| 2.40%, 03/15/31 | &nbsp;&nbsp; 50 | 43921 |
| 5.75%, 03/15/35<sup>(c)</sup> | &nbsp;&nbsp; 5 | 4949 |
| General Mills, Inc. |  |  |
| 2.25%, 10/14/31 | &nbsp;&nbsp; 65 | 58291 |
| 2.88%, 04/15/30 | &nbsp;&nbsp; 80 | 76054 |
| 3.00%, 02/01/51 | &nbsp;&nbsp; 35 | 22877 |
| 4.15%, 02/15/43 | &nbsp;&nbsp; 25 | 21194 |
| 4.20%, 04/17/28 | &nbsp;&nbsp; 116 | 116430 |
| 4.88%, 01/30/30 | &nbsp;&nbsp; 10 | 10259 |
| 4.95%, 03/29/33 | &nbsp;&nbsp; 70 | 71525 |
| 5.25%, 01/30/35 | &nbsp;&nbsp; 5 | 5132 |
| 5.40%, 06/15/40 | &nbsp;&nbsp; 37 | 37716 |
| Grupo Bimbo SAB de CV, 4.00%, 09/06/49<sup>(d)</sup> | &nbsp;&nbsp; 200 | 161885 |
| Hershey Co.(The) |  |  |
| 1.70%, 06/01/30 | &nbsp;&nbsp; 100 | 91317 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 105 | 99883 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 100 | 104939 |
| Hormel Foods Corp. |  |  |
| 1.70%, 06/03/28 | &nbsp;&nbsp; 70 | 66864 |
| 1.80%, 06/11/30 | &nbsp;&nbsp; 95 | 86704 |
| 3.05%, 06/03/51 | &nbsp;&nbsp; 75 | 50276 |
| 4.80%, 03/30/27 | &nbsp;&nbsp; 50 | 50483 |
| Ingredion, Inc. |  |  |
| 2.90%, 06/01/30 | &nbsp;&nbsp; 80 | 76371 |
| 3.90%, 06/01/50 | &nbsp;&nbsp; 25 | 19579 |
| J M Smucker Co.(The) |  |  |
| 2.13%, 03/15/32 | &nbsp;&nbsp; 45 | 39520 |
| 2.38%, 03/15/30 | &nbsp;&nbsp; 25 | 23415 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 60 | 59478 |
| 4.25%, 03/15/35 | &nbsp;&nbsp; 55 | 52684 |
| 4.38%, 03/15/45 | &nbsp;&nbsp; 55 | 47683 |
| 5.90%, 11/15/28 | &nbsp;&nbsp; 50 | 52412 |
| 6.20%, 11/15/33<sup>(c)</sup> | &nbsp;&nbsp; 80 | 87679 |
| 6.50%, 11/15/43 | &nbsp;&nbsp; 15 | 16354 |
| 6.50%, 11/15/53<sup>(c)</sup> | &nbsp;&nbsp; 80 | 87926 |
| Kellanova |  |  |
| 3.40%, 11/15/27 | &nbsp;&nbsp; 40 | 39773 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 70 | 70643 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 5 | 4498 |
| 5.75%, 05/16/54 | &nbsp;&nbsp; 10 | 10232 |
| Series B, 7.45%, 04/01/31 | &nbsp;&nbsp; 60 | 69120 |
| Lamb Weston Holdings, Inc. |  |  |
| 4.13%, 01/31/30<sup>(b)</sup> | &nbsp;&nbsp; 55 | 53312 |
| 4.38%, 01/31/32<sup>(b)</sup> | &nbsp;&nbsp; 47 | 44894 |
| 4.88%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50048 |
| Nestle Capital Corp., 4.88%, 03/12/34<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31125 |
| Nestle Holdings, Inc. |  |  |
| 1.00%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 250 | 240447 |
| 1.25%, 09/15/30<sup>(b)</sup> | &nbsp;&nbsp; 245 | 218980 |
| 1.50%, 09/14/28<sup>(b)</sup> | &nbsp;&nbsp; 145 | 137644 |
| 1.88%, 09/14/31<sup>(b)</sup> | &nbsp;&nbsp; 155 | 139333 |
| 2.50%, 09/14/41<sup>(b)</sup> | &nbsp;&nbsp; 10 | 7311 |
| 2.63%, 09/14/51<sup>(b)</sup> | &nbsp;&nbsp; 40 | 25376 |
| 3.90%, 09/24/38<sup>(b)</sup> | &nbsp;&nbsp; 150 | 137732 |
| 4.00%, 09/24/48<sup>(b)</sup> | &nbsp;&nbsp; 200 | 166941 |
| 4.13%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30229 |
| 4.25%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 155 | 157287 |
| 4.30%, 10/01/32<sup>(b)</sup> | &nbsp;&nbsp; 150 | 151868 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 4.70%, 01/15/53<sup>(b)</sup> | &nbsp;&nbsp; $10 | $9175 |
| 4.95%, 03/14/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15582 |
| 5.00%, 03/14/28<sup>(b)</sup> | &nbsp;&nbsp; 185 | 189577 |
| Post Holdings, Inc. |  |  |
| 4.50%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 75 | 71718 |
| 4.63%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp; 90 | 88190 |
| 6.25%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 65 | 66873 |
| 6.25%, 10/15/34<sup>(b)(c)</sup> | &nbsp;&nbsp; 55 | 56184 |
| 6.38%, 03/01/33<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50933 |
| 6.50%, 03/15/36<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50799 |
| Sysco Corp. |  |  |
| 3.15%, 12/14/51 | &nbsp;&nbsp; 60 | 40600 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 70 | 69458 |
| 4.45%, 03/15/48 | &nbsp;&nbsp; 5 | 4290 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 90 | 78492 |
| 5.40%, 03/23/35 | &nbsp;&nbsp; 85 | 88767 |
| 5.75%, 01/17/29 | &nbsp;&nbsp; 100 | 104834 |
| 5.95%, 04/01/30 | &nbsp;&nbsp; 10 | 10640 |
| 6.60%, 04/01/40 | &nbsp;&nbsp; 50 | 56559 |
| 6.60%, 04/01/50 | &nbsp;&nbsp; 115 | 128744 |
| U.S. Foods, Inc. |  |  |
| 4.63%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24750 |
| 4.75%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 55 | 54713 |
| 5.75%, 04/15/33<sup>(b)</sup> | &nbsp;&nbsp; 60 | 61278 |
| 6.88%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp; 45 | 46405 |
| 7.25%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36659 |
| United Natural Foods, Inc., 6.75%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp; 27 | 27062 |
|  |  | 5723097 |
| **Food Service — 0.0%** | **Food Service — 0.0%** | **Food Service — 0.0%** |
| Aramark Services, Inc., 5.00%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp; 80 | 80005 |
| Sodexo, Inc. |  |  |
| 2.72%, 04/16/31<sup>(b)</sup> | &nbsp;&nbsp; 40 | 36859 |
| 5.15%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp; 205 | 211799 |
|  |  | 328663 |
| **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** |
| International Paper Co. |  |  |
| 4.35%, 08/15/48 | &nbsp;&nbsp; 14 | 11474 |
| 4.40%, 08/15/47 | &nbsp;&nbsp; 54 | 44917 |
| 4.80%, 06/15/44 | &nbsp;&nbsp; 53 | 47165 |
| 5.00%, 09/15/35 | &nbsp;&nbsp; 35 | 35333 |
| 5.15%, 05/15/46 | &nbsp;&nbsp; 40 | 37042 |
| 6.00%, 11/15/41 | &nbsp;&nbsp; 50 | 51926 |
| Inversiones CMPC SA, 6.13%, 06/23/33<sup>(d)</sup> | &nbsp;&nbsp; 200 | 204033 |
| Magnera Corp. |  |  |
| 4.75%, 11/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp; 35 | 32517 |
| 7.25%, 11/15/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 50 | 49147 |
|  |  | 513554 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Kennametal, Inc., 4.63%, 06/15/28 | &nbsp;&nbsp; 10 | 10115 |
| Snap-on, Inc. |  |  |
| 3.10%, 05/01/50 | &nbsp;&nbsp; 45 | 31044 |
| 3.25%, 03/01/27 | &nbsp;&nbsp; 22 | 21881 |
| 4.10%, 03/01/48 | &nbsp;&nbsp; 25 | 20782 |
| Stanley Black & Decker, Inc. |  |  |
| 2.30%, 03/15/30 | &nbsp;&nbsp; 65 | 60273 |
| 2.75%, 11/15/50 | &nbsp;&nbsp; 55 | 33251 |
| 3.00%, 05/15/32 | &nbsp;&nbsp; 50 | 45970 |
| 4.25%, 11/15/28 | &nbsp;&nbsp; 25 | 25106 |
| 4.85%, 11/15/48 | &nbsp;&nbsp; 35 | 31120 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Hand & Machine Tools (continued)** | **Hand & Machine Tools (continued)** | **Hand & Machine Tools (continued)** |
| 5.20%, 09/01/40 | &nbsp;&nbsp; $21 | $20575 |
|  |  | 300117 |
| **Health Care - Products — 0.4%** | **Health Care - Products — 0.4%** | **Health Care - Products — 0.4%** |
| Agilent Technologies, Inc. |  |  |
| 2.10%, 06/04/30 | &nbsp;&nbsp; 50 | 46100 |
| 2.30%, 03/12/31 | &nbsp;&nbsp; 80 | 73077 |
| 2.75%, 09/15/29 | &nbsp;&nbsp; 50 | 47947 |
| 4.20%, 09/09/27 | &nbsp;&nbsp; 45 | 45194 |
| 4.75%, 09/09/34 | &nbsp;&nbsp; 45 | 45344 |
| Alcon Finance Corp. |  |  |
| 2.60%, 05/27/30<sup>(b)</sup> | &nbsp;&nbsp; 70 | 65936 |
| 3.00%, 09/23/29<sup>(b)</sup> | &nbsp;&nbsp; 75 | 72443 |
| 3.80%, 09/23/49<sup>(b)</sup> | &nbsp;&nbsp; 80 | 62250 |
| 5.38%, 12/06/32<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5257 |
| 5.75%, 12/06/52<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15290 |
| Avantor Funding, Inc. |  |  |
| 3.88%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp; 55 | 52434 |
| 4.63%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp; 105 | 104006 |
| Danaher Corp. |  |  |
| 2.60%, 10/01/50 | &nbsp;&nbsp; 90 | 55579 |
| 2.80%, 12/10/51 | &nbsp;&nbsp; 60 | 38330 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 40 | 35338 |
| Dentsply Sirona, Inc., 3.25%, 06/01/30 | &nbsp;&nbsp; 50 | 46904 |
| DENTSPLY SIRONA, Inc., 8.38%, 09/12/55, (5-year <br> CMT + 4.38%)<sup>(a)</sup><br>| &nbsp;&nbsp; 50 | 49950 |
| DH Europe Finance II SARL |  |  |
| 2.60%, 11/15/29 | &nbsp;&nbsp; 90 | 85816 |
| 3.25%, 11/15/39 | &nbsp;&nbsp; 65 | 53726 |
| 3.40%, 11/15/49 | &nbsp;&nbsp; 87 | 63232 |
| Embecta Corp. |  |  |
| 5.00%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp; 37 | 34778 |
| 6.75%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | 14483 |
| GE HealthCare Technologies, Inc. |  |  |
| 4.80%, 08/14/29 | &nbsp;&nbsp; 85 | 87109 |
| 5.65%, 11/15/27 | &nbsp;&nbsp; 120 | 123290 |
| 5.86%, 03/15/30 | &nbsp;&nbsp; 105 | 111508 |
| 5.91%, 11/22/32 | &nbsp;&nbsp; 130 | 140636 |
| 6.38%, 11/22/52 | &nbsp;&nbsp; 85 | 93307 |
| Hologic, Inc. |  |  |
| 3.25%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 65 | 64657 |
| 4.63%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29977 |
| Neogen Food Safety Corp., 8.63%, 07/20/30<sup>(b)</sup> | &nbsp;&nbsp; 25 | 26734 |
| Revvity, Inc. |  |  |
| 1.90%, 09/15/28 | &nbsp;&nbsp; 35 | 33145 |
| 2.25%, 09/15/31 | &nbsp;&nbsp; 55 | 48928 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 32 | 29271 |
| 3.30%, 09/15/29 | &nbsp;&nbsp; 58 | 56240 |
| 3.63%, 03/15/51 | &nbsp;&nbsp; 48 | 35172 |
| Stryker Corp. |  |  |
| 1.95%, 06/15/30 | &nbsp;&nbsp; 145 | 133059 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 25 | 21576 |
| 4.25%, 09/11/29 | &nbsp;&nbsp; 100 | 101068 |
| 4.63%, 09/11/34 | &nbsp;&nbsp; 150 | 150411 |
| 4.63%, 03/15/46 | &nbsp;&nbsp; 60 | 54187 |
| 4.70%, 02/10/28 | &nbsp;&nbsp; 100 | 101476 |
| 5.20%, 02/10/35 | &nbsp;&nbsp; 150 | 155610 |
| Teleflex, Inc. |  |  |
| 4.25%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39419 |
| 4.63%, 11/15/27 | &nbsp;&nbsp; 40 | 39743 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 2.60%, 11/24/31 | &nbsp;&nbsp; 35 | 31967 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| 4.45%, 08/15/45 | &nbsp;&nbsp; $30 | $27013 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 50 | 51424 |
|  |  | 2900341 |
| **Health Care - Services — 1.2%** | **Health Care - Services — 1.2%** | **Health Care - Services — 1.2%** |
| Acadia Healthcare Co., Inc. |  |  |
| 5.00%, 04/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp; 35 | 34272 |
| 5.50%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34897 |
| 7.38%, 03/15/33<sup>(b)(c)</sup> | &nbsp;&nbsp; 50 | 51572 |
| AHP Health Partners, Inc., 5.75%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19606 |
| Charles River Laboratories International, Inc. |  |  |
| 3.75%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 33724 |
| 4.00%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 45 | 42471 |
| 4.25%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39404 |
| Concentra Health Services, Inc., 6.88%, 07/15/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 50 | 52272 |
| DaVita, Inc. |  |  |
| 3.75%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 101 | 94348 |
| 4.63%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp; 175 | 171298 |
| 6.75%, 07/15/33<sup>(b)</sup> | &nbsp;&nbsp; 75 | 77916 |
| 6.88%, 09/01/32<sup>(b)</sup> | &nbsp;&nbsp; 70 | 72722 |
| Elevance Health, Inc. |  |  |
| 2.25%, 05/15/30 | &nbsp;&nbsp; 105 | 97209 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 115 | 105919 |
| 2.88%, 09/15/29 | &nbsp;&nbsp; 105 | 100891 |
| 3.13%, 05/15/50 | &nbsp;&nbsp; 65 | 43222 |
| 3.60%, 03/15/51 | &nbsp;&nbsp; 75 | 54005 |
| 3.65%, 12/01/27 | &nbsp;&nbsp; 131 | 130491 |
| 3.70%, 09/15/49 | &nbsp;&nbsp; 50 | 37131 |
| 4.10%, 03/01/28 | &nbsp;&nbsp; 145 | 145323 |
| 4.10%, 05/15/32 | &nbsp;&nbsp; 25 | 24535 |
| 4.38%, 12/01/47 | &nbsp;&nbsp; 110 | 91858 |
| 4.55%, 03/01/48 | &nbsp;&nbsp; 75 | 64602 |
| 4.55%, 05/15/52 | &nbsp;&nbsp; 40 | 33440 |
| 4.63%, 05/15/42 | &nbsp;&nbsp; 65 | 59240 |
| 4.65%, 01/15/43 | &nbsp;&nbsp; 65 | 58711 |
| 4.65%, 08/15/44 | &nbsp;&nbsp; 55 | 48995 |
| 4.75%, 02/15/33 | &nbsp;&nbsp; 100 | 101071 |
| 4.95%, 11/01/31 | &nbsp;&nbsp; 20 | 20583 |
| 5.00%, 01/15/36 | &nbsp;&nbsp; 10 | 10045 |
| 5.10%, 01/15/44 | &nbsp;&nbsp; 20 | 18984 |
| 5.13%, 02/15/53 | &nbsp;&nbsp; 95 | 86364 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 50 | 51685 |
| 5.20%, 02/15/35 | &nbsp;&nbsp; 150 | 154024 |
| 5.38%, 06/15/34 | &nbsp;&nbsp; 80 | 83220 |
| 5.50%, 10/15/32 | &nbsp;&nbsp; 70 | 73857 |
| 5.65%, 06/15/54 | &nbsp;&nbsp; 85 | 82961 |
| 5.70%, 02/15/55 | &nbsp;&nbsp; 110 | 108007 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 70 | 68979 |
| 6.10%, 10/15/52 | &nbsp;&nbsp; 65 | 67465 |
| 6.38%, 06/15/37 | &nbsp;&nbsp; 20 | 22178 |
| Encompass Health Corp. |  |  |
| 4.50%, 02/01/28 | &nbsp;&nbsp; 62 | 61736 |
| 4.63%, 04/01/31 | &nbsp;&nbsp; 25 | 24521 |
| 4.75%, 02/01/30 | &nbsp;&nbsp; 55 | 54716 |
| Fortrea Holdings, Inc., 7.50%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp; 35 | 33344 |
| HCA, Inc. |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 85 | 76730 |
| 3.13%, 03/15/27 | &nbsp;&nbsp; 60 | 59491 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 75 | 73657 |
| 3.50%, 09/01/30 | &nbsp;&nbsp; 140 | 135618 |
| 3.50%, 07/15/51 | &nbsp;&nbsp; 110 | 75913 |
| 3.63%, 03/15/32 | &nbsp;&nbsp; 120 | 114204 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 4.13%, 06/15/29 | &nbsp;&nbsp; $145 | $145184 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 55 | 47693 |
| 4.63%, 03/15/52 | &nbsp;&nbsp; 140 | 116115 |
| 4.90%, 11/15/35 | &nbsp;&nbsp; 35 | 34843 |
| 5.00%, 03/01/28 | &nbsp;&nbsp; 130 | 132642 |
| 5.13%, 06/15/39 | &nbsp;&nbsp; 90 | 87654 |
| 5.20%, 06/01/28 | &nbsp;&nbsp; 50 | 51233 |
| 5.25%, 06/15/49 | &nbsp;&nbsp; 130 | 118729 |
| 5.45%, 04/01/31 | &nbsp;&nbsp; 135 | 141326 |
| 5.45%, 09/15/34 | &nbsp;&nbsp; 95 | 98657 |
| 5.50%, 03/01/32 | &nbsp;&nbsp; 40 | 41959 |
| 5.50%, 06/01/33 | &nbsp;&nbsp; 80 | 83779 |
| 5.50%, 06/15/47 | &nbsp;&nbsp; 95 | 90514 |
| 5.60%, 04/01/34 | &nbsp;&nbsp; 120 | 125925 |
| 5.63%, 09/01/28 | &nbsp;&nbsp; 115 | 118591 |
| 5.75%, 03/01/35 | &nbsp;&nbsp; 85 | 89992 |
| 5.88%, 02/01/29 | &nbsp;&nbsp; 75 | 78116 |
| 5.90%, 06/01/53 | &nbsp;&nbsp; 75 | 73735 |
| 5.95%, 09/15/54 | &nbsp;&nbsp; 75 | 74533 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 100 | 100103 |
| 6.10%, 04/01/64 | &nbsp;&nbsp; 45 | 44948 |
| 6.20%, 03/01/55 | &nbsp;&nbsp; 95 | 97471 |
| HealthEquity, Inc., 4.50%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38938 |
| Humana, Inc. |  |  |
| 2.15%, 02/03/32<sup>(c)</sup> | &nbsp;&nbsp; 25 | 21828 |
| 3.13%, 08/15/29 | &nbsp;&nbsp; 60 | 57701 |
| 3.70%, 03/23/29 | &nbsp;&nbsp; 55 | 54031 |
| 3.95%, 03/15/27 | &nbsp;&nbsp; 33 | 32955 |
| 3.95%, 08/15/49 | &nbsp;&nbsp; 50 | 36499 |
| 4.63%, 12/01/42 | &nbsp;&nbsp; 37 | 31793 |
| 4.80%, 03/15/47 | &nbsp;&nbsp; 20 | 16697 |
| 4.88%, 04/01/30 | &nbsp;&nbsp; 52 | 52738 |
| 4.95%, 10/01/44 | &nbsp;&nbsp; 60 | 52267 |
| 5.38%, 04/15/31 | &nbsp;&nbsp; 135 | 139127 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 60 | 53942 |
| 5.55%, 05/01/35 | &nbsp;&nbsp; 45 | 45826 |
| 5.75%, 03/01/28 | &nbsp;&nbsp; 15 | 15408 |
| 5.75%, 04/15/54 | &nbsp;&nbsp; 70 | 65191 |
| 5.88%, 03/01/33 | &nbsp;&nbsp; 35 | 36632 |
| 5.95%, 03/15/34 | &nbsp;&nbsp; 60 | 62892 |
| 6.00%, 05/01/55<sup>(c)</sup> | &nbsp;&nbsp; 15 | 14456 |
| IQVIA, Inc. |  |  |
| 5.00%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp; 60 | 59873 |
| 6.25%, 02/01/29 | &nbsp;&nbsp; 95 | 99853 |
| 6.25%, 06/01/32<sup>(b)</sup> | &nbsp;&nbsp; 155 | 159718 |
| 6.50%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 60 | 61659 |
| Laboratory Corp. of America Holdings |  |  |
| 2.95%, 12/01/29 | &nbsp;&nbsp; 100 | 96159 |
| 4.55%, 04/01/32 | &nbsp;&nbsp; 115 | 115888 |
| LifePoint Health, Inc. |  |  |
| 5.38%, 01/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp; 60 | 58681 |
| 8.38%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 75 | 81110 |
| 10.00%, 06/01/32<sup>(b)</sup> | &nbsp;&nbsp; 50 | 52375 |
| Molina Healthcare, Inc. |  |  |
| 3.88%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 45 | 40985 |
| 3.88%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp; 50 | 44168 |
| 4.38%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp; 80 | 78611 |
| 6.25%, 01/15/33<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49187 |
| Option Care Health, Inc., 4.38%, 10/31/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34172 |
| Pediatrix Medical Group, Inc., 5.38%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24854 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Roche Holdings, Inc. |  |  |
| 1.93%, 12/13/28<sup>(b)</sup> | &nbsp;&nbsp; $325 | $309886 |
| 2.08%, 12/13/31<sup>(b)</sup> | &nbsp;&nbsp; 290 | 259900 |
| 2.61%, 12/13/51<sup>(b)</sup> | &nbsp;&nbsp; 380 | 237864 |
| 3.63%, 09/17/28<sup>(b)</sup> | &nbsp;&nbsp; 205 | 204523 |
| 4.59%, 09/09/34<sup>(b)</sup> | &nbsp;&nbsp; 215 | 217159 |
| 4.67%, 12/02/35<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5037 |
| 5.34%, 11/13/28<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25996 |
| Select Medical Corp., 6.25%, 12/01/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 37 | 36087 |
| Surgery Center Holdings, Inc., 7.25%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 75 | 74908 |
|  |  | 8730743 |
| **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** |
| Clue Opco LLC, 9.50%, 10/15/31<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51854 |
| Compass Group Diversified Holdings LLC |  |  |
| 5.00%, 01/15/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 26 | 22833 |
| 5.25%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 72 | 67511 |
| HA Sustainable Infrastructure Capital, Inc., 6.38%, <br> 07/01/34<br>| &nbsp;&nbsp; 90 | 93010 |
| HAT Holdings I LLC/HAT Holdings II LLC |  |  |
| 3.75%, 09/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp; 35 | 32873 |
| 8.00%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp; 95 | 98821 |
|  |  | 366902 |
| **Home Builders — 0.2%** | **Home Builders — 0.2%** | **Home Builders — 0.2%** |
| Beazer Homes USA, Inc. |  |  |
| 5.88%, 10/15/27 | &nbsp;&nbsp; 20 | 19975 |
| 7.25%, 10/15/29<sup>(c)</sup> | &nbsp;&nbsp; 20 | 20395 |
| 7.50%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20565 |
| Century Communities, Inc., 3.88%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38130 |
| DR Horton, Inc. |  |  |
| 1.40%, 10/15/27 | &nbsp;&nbsp; 35 | 33689 |
| 4.85%, 10/15/30 | &nbsp;&nbsp; 25 | 25765 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 25 | 25601 |
| 5.50%, 10/15/35 | &nbsp;&nbsp; 115 | 120845 |
| K Hovnanian Enterprises, Inc. |  |  |
| 8.00%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5147 |
| 8.38%, 10/01/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10264 |
| KB Home |  |  |
| 4.00%, 06/15/31 | &nbsp;&nbsp; 25 | 23899 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 25 | 24915 |
| 6.88%, 06/15/27 | &nbsp;&nbsp; 20 | 20365 |
| 7.25%, 07/15/30 | &nbsp;&nbsp; 25 | 25585 |
| LGI Homes, Inc. |  |  |
| 4.00%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp; 20 | 18549 |
| 7.00%, 11/15/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 35 | 34284 |
| 8.75%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31307 |
| M/I Homes, Inc. |  |  |
| 3.95%, 02/15/30 | &nbsp;&nbsp; 20 | 19300 |
| 4.95%, 02/01/28 | &nbsp;&nbsp; 30 | 29795 |
| Meritage Homes Corp. |  |  |
| 3.88%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34623 |
| 5.13%, 06/06/27 | &nbsp;&nbsp; 25 | 25171 |
| 5.65%, 03/15/35 | &nbsp;&nbsp; 5 | 5162 |
| NVR, Inc., 3.00%, 05/15/30 | &nbsp;&nbsp; 94 | 89820 |
| PulteGroup, Inc. |  |  |
| 6.00%, 02/15/35 | &nbsp;&nbsp; 36 | 38971 |
| 6.38%, 05/15/33<sup>(c)</sup> | &nbsp;&nbsp; 45 | 50074 |
| 7.88%, 06/15/32 | &nbsp;&nbsp; 40 | 47215 |
| Sekisui House U.S., Inc. |  |  |
| 2.50%, 01/15/31 | &nbsp;&nbsp; 50 | 45058 |
| 3.85%, 01/15/30 | &nbsp;&nbsp; 65 | 63266 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Home Builders (continued)** | **Home Builders (continued)** | **Home Builders (continued)** |
| 3.97%, 08/06/61<sup>(c)</sup> | &nbsp;&nbsp; $20 | $13650 |
| 6.00%, 01/15/43 | &nbsp;&nbsp; 15 | 14303 |
| Taylor Morrison Communities, Inc. |  |  |
| 5.13%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35311 |
| 5.75%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35714 |
| Thor Industries, Inc., 4.00%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 33641 |
| Toll Brothers Finance Corp. |  |  |
| 3.80%, 11/01/29 | &nbsp;&nbsp; 5 | 4949 |
| 4.35%, 02/15/28 | &nbsp;&nbsp; 10 | 10061 |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 5 | 5030 |
| 5.60%, 06/15/35<sup>(c)</sup> | &nbsp;&nbsp; 10 | 10585 |
| Tri Pointe Homes, Inc. |  |  |
| 5.25%, 06/01/27 | &nbsp;&nbsp; 25 | 25152 |
| 5.70%, 06/15/28 | &nbsp;&nbsp; 25 | 25356 |
|  |  | 1161487 |
| **Home Furnishings — 0.1%** | **Home Furnishings — 0.1%** | **Home Furnishings — 0.1%** |
| Leggett & Platt, Inc. |  |  |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 25 | 24695 |
| 3.50%, 11/15/51 | &nbsp;&nbsp; 40 | 26289 |
| 4.40%, 03/15/29 | &nbsp;&nbsp; 47 | 46814 |
| Somnigroup International, Inc. |  |  |
| 3.88%, 10/15/31<sup>(b)</sup> | &nbsp;&nbsp; 55 | 51635 |
| 4.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 54 | 52531 |
| Whirlpool Corp. |  |  |
| 2.40%, 05/15/31 | &nbsp;&nbsp; 60 | 50285 |
| 4.50%, 06/01/46 | &nbsp;&nbsp; 40 | 29512 |
| 4.60%, 05/15/50 | &nbsp;&nbsp; 34 | 24837 |
| 4.70%, 05/14/32 | &nbsp;&nbsp; 45 | 41249 |
| 4.75%, 02/26/29 | &nbsp;&nbsp; 30 | 29571 |
| 5.50%, 03/01/33 | &nbsp;&nbsp; 25 | 23754 |
| 5.75%, 03/01/34 | &nbsp;&nbsp; 20 | 18954 |
| 6.13%, 06/15/30 | &nbsp;&nbsp; 25 | 25079 |
| 6.50%, 06/15/33<sup>(c)</sup> | &nbsp;&nbsp; 35 | 34971 |
|  |  | 480176 |
| **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** |
| Avery Dennison Corp. |  |  |
| 2.25%, 02/15/32 | &nbsp;&nbsp; 65 | 57906 |
| 2.65%, 04/30/30 | &nbsp;&nbsp; 23 | 21687 |
| 4.88%, 12/06/28 | &nbsp;&nbsp; 45 | 45919 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 30 | 32053 |
| Church & Dwight Co., Inc. |  |  |
| 2.30%, 12/15/31 | &nbsp;&nbsp; 20 | 18172 |
| 3.15%, 08/01/27 | &nbsp;&nbsp; 85 | 84256 |
| 3.95%, 08/01/47 | &nbsp;&nbsp; 70 | 57299 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 20 | 18689 |
| 5.60%, 11/15/32 | &nbsp;&nbsp; 15 | 16147 |
| Clorox Co.(The) |  |  |
| 1.80%, 05/15/30 | &nbsp;&nbsp; 95 | 86500 |
| 3.10%, 10/01/27 | &nbsp;&nbsp; 50 | 49434 |
| 3.90%, 05/15/28 | &nbsp;&nbsp; 55 | 55040 |
| 4.60%, 05/01/32 | &nbsp;&nbsp; 25 | 25365 |
| Kimberly-Clark Corp. |  |  |
| 3.10%, 03/26/30 | &nbsp;&nbsp; 55 | 53316 |
| 3.20%, 07/30/46 | &nbsp;&nbsp; 50 | 36668 |
| 3.95%, 11/01/28 | &nbsp;&nbsp; 35 | 35165 |
| 4.50%, 02/16/33 | &nbsp;&nbsp; 150 | 153308 |
| 5.30%, 03/01/41 | &nbsp;&nbsp; 20 | 20822 |
|  |  | 867746 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Housewares — 0.0%** | **Housewares — 0.0%** | **Housewares — 0.0%** |
| Newell Brands, Inc. |  |  |
| 6.38%, 09/15/27 | &nbsp;&nbsp; $60 | $60860 |
| 6.38%, 05/15/30 | &nbsp;&nbsp; 50 | 50161 |
| 6.63%, 09/15/29 | &nbsp;&nbsp; 40 | 40672 |
| 6.63%, 05/15/32<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25002 |
| 7.38%, 04/01/36<sup>(c)</sup> | &nbsp;&nbsp; 30 | 30197 |
| 7.50%, 04/01/46 | &nbsp;&nbsp; 45 | 39937 |
| 8.50%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 65 | 68413 |
|  |  | 315242 |
| **Insurance — 2.0%** | **Insurance — 2.0%** | **Insurance — 2.0%** |
| ACE Capital Trust II, Series N, 9.70%, 04/01/30 | &nbsp;&nbsp; 50 | 59774 |
| AEGON Funding Co. LLC, 5.50%, 04/16/27<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20264 |
| AIA Group Ltd. |  |  |
| 3.20%, 09/16/40<sup>(b)</sup> | &nbsp;&nbsp; 200 | 161694 |
| 3.60%, 04/09/29<sup>(b)</sup> | &nbsp;&nbsp; 200 | 198699 |
| 4.95%, 04/04/33<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10442 |
| 5.38%, 04/05/34<sup>(b)</sup> | &nbsp;&nbsp; 200 | 209777 |
| 5.40%, 09/30/54<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29593 |
| 5.63%, 10/25/27<sup>(b)</sup> | &nbsp;&nbsp; 65 | 66818 |
| Allianz SE, 6.35%, 09/06/53, (5-year CMT + <br> 3.23%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 210 | 225477 |
| American Financial Group, Inc., 5.00%, 09/23/35 | &nbsp;&nbsp; 55 | 54452 |
| American International Group, Inc. |  |  |
| 4.38%, 06/30/50 | &nbsp;&nbsp; 90 | 75088 |
| 4.50%, 07/16/44 | &nbsp;&nbsp; 25 | 22129 |
| 4.75%, 04/01/48 | &nbsp;&nbsp; 85 | 76219 |
| 4.80%, 07/10/45 | &nbsp;&nbsp; 30 | 27354 |
| 4.85%, 05/07/30 | &nbsp;&nbsp; 110 | 112933 |
| 5.13%, 03/27/33 | &nbsp;&nbsp; 55 | 56754 |
| 5.45%, 05/07/35 | &nbsp;&nbsp; 115 | 119938 |
| Aon Corp. |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 50 | 47420 |
| 3.75%, 05/02/29 | &nbsp;&nbsp; 100 | 99171 |
| 4.50%, 12/15/28 | &nbsp;&nbsp; 50 | 50684 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 2.05%, 08/23/31 | &nbsp;&nbsp; 70 | 62486 |
| 2.60%, 12/02/31 | &nbsp;&nbsp; 10 | 9113 |
| 2.85%, 05/28/27 | &nbsp;&nbsp; 90 | 88750 |
| 2.90%, 08/23/51 | &nbsp;&nbsp; 15 | 9333 |
| 3.90%, 02/28/52 | &nbsp;&nbsp; 120 | 89224 |
| 5.00%, 09/12/32 | &nbsp;&nbsp; 45 | 46319 |
| 5.35%, 02/28/33 | &nbsp;&nbsp; 80 | 83574 |
| Aon Global Ltd. |  |  |
| 4.60%, 06/14/44 | &nbsp;&nbsp; 75 | 65877 |
| 4.75%, 05/15/45 | &nbsp;&nbsp; 45 | 39934 |
| Aon North America, Inc. |  |  |
| 5.13%, 03/01/27 | &nbsp;&nbsp; 35 | 35357 |
| 5.15%, 03/01/29 | &nbsp;&nbsp; 100 | 103113 |
| 5.45%, 03/01/34 | &nbsp;&nbsp; 130 | 135706 |
| 5.75%, 03/01/54 | &nbsp;&nbsp; 120 | 118780 |
| Arch Capital Finance LLC, 5.03%, 12/15/46 | &nbsp;&nbsp; 29 | 27420 |
| Arch Capital Group Ltd. |  |  |
| 3.64%, 06/30/50 | &nbsp;&nbsp; 45 | 33344 |
| 7.35%, 05/01/34 | &nbsp;&nbsp; 20 | 23444 |
| Arch Capital Group U.S., Inc., 5.14%, 11/01/43 | &nbsp;&nbsp; 50 | 48112 |
| Arthur J Gallagher & Co. |  |  |
| 2.40%, 11/09/31 | &nbsp;&nbsp; 25 | 22401 |
| 3.05%, 03/09/52 | &nbsp;&nbsp; 20 | 12674 |
| 3.50%, 05/20/51 | &nbsp;&nbsp; 75 | 52087 |
| 4.60%, 12/15/27 | &nbsp;&nbsp; 85 | 85778 |
| 5.00%, 02/15/32 | &nbsp;&nbsp; 15 | 15307 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.15%, 02/15/35 | &nbsp;&nbsp; $135 | $136874 |
| 5.45%, 07/15/34 | &nbsp;&nbsp; 50 | 51854 |
| 5.50%, 03/02/33 | &nbsp;&nbsp; 65 | 67811 |
| 5.55%, 02/15/55 | &nbsp;&nbsp; 120 | 114589 |
| 5.75%, 03/02/53 | &nbsp;&nbsp; 20 | 19414 |
| 5.75%, 07/15/54 | &nbsp;&nbsp; 25 | 24330 |
| 6.50%, 02/15/34 | &nbsp;&nbsp; 10 | 11028 |
| 6.75%, 02/15/54 | &nbsp;&nbsp; 45 | 49218 |
| Assurant, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 30 | 26921 |
| 3.70%, 02/22/30 | &nbsp;&nbsp; 25 | 24463 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 40 | 40518 |
| 7.00%, 03/27/48<sup>(a)</sup> | &nbsp;&nbsp; 30 | 30987 |
| Assured Guaranty Municipal Holdings, Inc., 6.40%, <br> 12/15/66, (3-mo. CME Term SOFR US + <br> 2.48%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 10 | 9494 |
| Assured Guaranty U.S. Holdings, Inc. |  |  |
| 3.15%, 06/15/31 | &nbsp;&nbsp; 85 | 80199 |
| 3.60%, 09/15/51 | &nbsp;&nbsp; 5 | 3554 |
| 6.13%, 09/15/28 | &nbsp;&nbsp; 55 | 57607 |
| AXA SA, 6.38%, (1-day SOFR Index + 2.52%)<sup>(a)(b)(f)</sup> | &nbsp;&nbsp; 30 | 34464 |
| Axis Specialty Finance LLC |  |  |
| 3.90%, 07/15/29 | &nbsp;&nbsp; 10 | 9944 |
| 4.90%, 01/15/40, (5-year CMT + 3.19%)<sup>(a)</sup> | &nbsp;&nbsp; 15 | 14774 |
| Axis Specialty Finance PLC, 4.00%, 12/06/27 | &nbsp;&nbsp; 70 | 69865 |
| Baldwin Insurance Group Holdings LLC/Baldwin <br> Insurance Group Holdings Finance, 7.13%, <br> 05/15/31<sup>(b)</sup><br>| &nbsp;&nbsp; 50 | 50064 |
| Brown & Brown, Inc. |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 35 | 31449 |
| 4.20%, 03/17/32 | &nbsp;&nbsp; 40 | 38645 |
| 4.50%, 03/15/29 | &nbsp;&nbsp; 10 | 10055 |
| 4.70%, 06/23/28 | &nbsp;&nbsp; 70 | 70749 |
| 4.90%, 06/23/30 | &nbsp;&nbsp; 90 | 91412 |
| 4.95%, 03/17/52 | &nbsp;&nbsp; 65 | 55493 |
| 5.25%, 06/23/32 | &nbsp;&nbsp; 65 | 66215 |
| 5.55%, 06/23/35 | &nbsp;&nbsp; 30 | 30633 |
| 6.25%, 06/23/55 | &nbsp;&nbsp; 55 | 55895 |
| Chubb INA Holdings LLC |  |  |
| 1.38%, 09/15/30 | &nbsp;&nbsp; 120 | 106945 |
| 2.85%, 12/15/51 | &nbsp;&nbsp; 50 | 32415 |
| 3.05%, 12/15/61 | &nbsp;&nbsp; 50 | 31379 |
| 4.15%, 03/13/43 | &nbsp;&nbsp; 35 | 30701 |
| 4.35%, 11/03/45 | &nbsp;&nbsp; 85 | 74664 |
| 4.65%, 08/15/29 | &nbsp;&nbsp; 45 | 46149 |
| 4.90%, 08/15/35 | &nbsp;&nbsp; 30 | 30462 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 220 | 226366 |
| 6.00%, 05/11/37 | &nbsp;&nbsp; 55 | 60180 |
| 6.70%, 05/15/36 | &nbsp;&nbsp; 35 | 40332 |
| Series 1, 6.50%, 05/15/38 | &nbsp;&nbsp; 35 | 40171 |
| CNO Financial Group, Inc. |  |  |
| 5.25%, 05/30/29 | &nbsp;&nbsp; 45 | 45747 |
| 6.45%, 06/15/34 | &nbsp;&nbsp; 60 | 62625 |
| Dai-Ichi Life Insurance Co. Ltd. (The), 6.20%, (5-year <br> CMT + 2.52%)<sup>(a)(b)(f)</sup><br>| &nbsp;&nbsp; 10 | 10409 |
| Empower Finance 2020 LP |  |  |
| 1.36%, 09/17/27<sup>(b)</sup> | &nbsp;&nbsp; 50 | 48089 |
| 1.78%, 03/17/31<sup>(b)</sup> | &nbsp;&nbsp; 50 | 44880 |
| 3.08%, 09/17/51<sup>(b)</sup> | &nbsp;&nbsp; 25 | 16700 |
| Equitable Financial Life Global Funding, 4.88%, <br> 11/19/27<sup>(b)</sup><br>| &nbsp;&nbsp; 100 | 101457 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Equitable Holdings, Inc. |  |  |
| 4.35%, 04/20/28 | &nbsp;&nbsp; $139 | $139626 |
| 5.59%, 01/11/33 | &nbsp;&nbsp; 125 | 130083 |
| Everest Reinsurance Holdings, Inc. |  |  |
| 3.13%, 10/15/52 | &nbsp;&nbsp; 35 | 22185 |
| 3.50%, 10/15/50 | &nbsp;&nbsp; 45 | 31332 |
| First American Financial Corp., 5.45%, 09/30/34 | &nbsp;&nbsp; 55 | 55315 |
| Five Corners Funding Trust II, 2.85%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 25 | 23674 |
| Globe Life, Inc. |  |  |
| 4.80%, 06/15/32 | &nbsp;&nbsp; 15 | 15108 |
| 5.85%, 09/15/34 | &nbsp;&nbsp; 35 | 36775 |
| Great-West Lifeco Finance 2018 LP |  |  |
| 4.05%, 05/17/28<sup>(b)</sup> | &nbsp;&nbsp; 80 | 79958 |
| 4.58%, 05/17/48<sup>(b)</sup> | &nbsp;&nbsp; 35 | 30800 |
| Great-West Lifeco Finance Delaware LP, 4.15%, <br> 06/03/47<sup>(b)</sup><br>| &nbsp;&nbsp; 80 | 66757 |
| Hanover Insurance Group, Inc.(The) |  |  |
| 2.50%, 09/01/30 | &nbsp;&nbsp; 50 | 46228 |
| 2.90%, 09/15/51 | &nbsp;&nbsp; 30 | 19517 |
| 3.60%, 08/19/49 | &nbsp;&nbsp; 41 | 30461 |
| 4.30%, 04/15/43 | &nbsp;&nbsp; 35 | 30909 |
| 4.40%, 03/15/48 | &nbsp;&nbsp; 10 | 8551 |
| 5.50%, 09/01/35 | &nbsp;&nbsp; 20 | 20456 |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 15 | 16250 |
| 6.10%, 10/01/41 | &nbsp;&nbsp; 45 | 49060 |
| Jackson Financial, Inc. |  |  |
| 3.13%, 11/23/31 | &nbsp;&nbsp; 110 | 100395 |
| 4.00%, 11/23/51 | &nbsp;&nbsp; 55 | 37376 |
| Lincoln National Corp. |  |  |
| 3.05%, 01/15/30 | &nbsp;&nbsp; 65 | 61881 |
| 3.40%, 01/15/31 | &nbsp;&nbsp; 65 | 61175 |
| 3.40%, 03/01/32 | &nbsp;&nbsp; 10 | 9214 |
| 3.80%, 03/01/28 | &nbsp;&nbsp; 26 | 25777 |
| 4.35%, 03/01/48 | &nbsp;&nbsp; 15 | 11703 |
| 5.85%, 03/15/34 | &nbsp;&nbsp; 55 | 56915 |
| 6.30%, 10/09/37 | &nbsp;&nbsp; 5 | 5185 |
| 7.00%, 06/15/40 | &nbsp;&nbsp; 55 | 58540 |
| Markel Group, Inc. |  |  |
| 3.35%, 09/17/29 | &nbsp;&nbsp; 10 | 9727 |
| 3.45%, 05/07/52 | &nbsp;&nbsp; 80 | 55270 |
| 4.30%, 11/01/47 | &nbsp;&nbsp; 70 | 57625 |
| 5.00%, 05/20/49 | &nbsp;&nbsp; 55 | 49516 |
| 6.00%, 05/16/54 | &nbsp;&nbsp; 5 | 5092 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.25%, 11/15/30 | &nbsp;&nbsp; 101 | 92706 |
| 2.38%, 12/15/31 | &nbsp;&nbsp; 35 | 31602 |
| 4.20%, 03/01/48 | &nbsp;&nbsp; 80 | 65786 |
| 4.35%, 01/30/47 | &nbsp;&nbsp; 50 | 42311 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 95 | 95988 |
| 4.55%, 11/08/27 | &nbsp;&nbsp; 50 | 50465 |
| 4.65%, 03/15/30 | &nbsp;&nbsp; 100 | 101976 |
| 4.75%, 03/15/39 | &nbsp;&nbsp; 30 | 29000 |
| 4.85%, 11/15/31 | &nbsp;&nbsp; 85 | 87475 |
| 4.90%, 03/15/49 | &nbsp;&nbsp; 112 | 101343 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 140 | 142462 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 15 | 15508 |
| 5.35%, 11/15/44 | &nbsp;&nbsp; 20 | 19381 |
| 5.40%, 03/15/55 | &nbsp;&nbsp; 120 | 115273 |
| 5.45%, 03/15/54 | &nbsp;&nbsp; 30 | 28782 |
| 5.70%, 09/15/53 | &nbsp;&nbsp; 60 | 59609 |
| 5.75%, 11/01/32 | &nbsp;&nbsp; 30 | 32131 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.88%, 08/01/33 | &nbsp;&nbsp; $85 | $92511 |
| MetLife, Inc. |  |  |
| 4.88%, 11/13/43 | &nbsp;&nbsp; 200 | 185197 |
| Series G, 6.35%, 03/15/55, (5-year CMT + <br> 2.08%)<sup>(a)</sup><br>| &nbsp;&nbsp; 200 | 208311 |
| Metropolitan Life Global Funding I |  |  |
| 1.55%, 01/07/31<sup>(b)</sup> | &nbsp;&nbsp; 100 | 88427 |
| 2.40%, 01/11/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | 36006 |
| 2.95%, 04/09/30<sup>(b)</sup> | &nbsp;&nbsp; 115 | 110264 |
| 3.00%, 09/19/27<sup>(b)</sup> | &nbsp;&nbsp; 175 | 172883 |
| 4.30%, 08/25/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40352 |
| 4.35%, 01/12/31<sup>(b)</sup> | &nbsp;&nbsp; 150 | 151339 |
| 4.85%, 01/08/29<sup>(b)</sup> | &nbsp;&nbsp; 150 | 153522 |
| 5.05%, 01/06/28<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25506 |
| 5.15%, 03/28/33<sup>(b)</sup> | &nbsp;&nbsp; 170 | 176838 |
| MGIC Investment Corp., 5.25%, 08/15/28 | &nbsp;&nbsp; 70 | 69980 |
| NMI Holdings, Inc., 6.00%, 08/15/29 | &nbsp;&nbsp; 5 | 5201 |
| Old Republic International Corp., 5.75%, 03/28/34 | &nbsp;&nbsp; 30 | 31450 |
| Pine Street Trust II, 5.57%, 02/15/49<sup>(b)</sup> | &nbsp;&nbsp; 105 | 100353 |
| Pricoa Global Funding I |  |  |
| 4.40%, 08/27/27<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10092 |
| 4.75%, 08/26/32<sup>(b)</sup> | &nbsp;&nbsp; 150 | 151528 |
| Primerica, Inc., 2.80%, 11/19/31 | &nbsp;&nbsp; 45 | 41149 |
| Principal Financial Group, Inc. |  |  |
| 2.13%, 06/15/30 | &nbsp;&nbsp; 80 | 73264 |
| 3.70%, 05/15/29 | &nbsp;&nbsp; 75 | 74199 |
| 4.11%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15008 |
| 4.30%, 11/15/46 | &nbsp;&nbsp; 55 | 46536 |
| 4.35%, 05/15/43 | &nbsp;&nbsp; 37 | 32297 |
| 4.63%, 09/15/42 | &nbsp;&nbsp; 25 | 22616 |
| 5.38%, 03/15/33 | &nbsp;&nbsp; 75 | 78520 |
| 5.50%, 03/15/53 | &nbsp;&nbsp; 40 | 38597 |
| 6.05%, 10/15/36 | &nbsp;&nbsp; 61 | 66587 |
| Principal Life Global Funding II |  |  |
| 1.50%, 08/27/30<sup>(b)</sup> | &nbsp;&nbsp; 65 | 57932 |
| 1.63%, 11/19/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | 13293 |
| 2.50%, 09/16/29<sup>(b)(c)</sup> | &nbsp;&nbsp; 41 | 38761 |
| 4.60%, 08/19/27<sup>(b)</sup> | &nbsp;&nbsp; 95 | 95900 |
| 4.80%, 01/09/28<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25376 |
| Progressive Corp.(The) |  |  |
| 3.20%, 03/26/30 | &nbsp;&nbsp; 65 | 63094 |
| 3.70%, 01/26/45 | &nbsp;&nbsp; 40 | 31693 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 15 | 11248 |
| 3.95%, 03/26/50 | &nbsp;&nbsp; 55 | 43231 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 72 | 72359 |
| 4.13%, 04/15/47 | &nbsp;&nbsp; 67 | 55546 |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 50 | 41545 |
| 4.35%, 04/25/44 | &nbsp;&nbsp; 40 | 34937 |
| 6.25%, 12/01/32 | &nbsp;&nbsp; 88 | 97748 |
| Protective Life Corp. |  |  |
| 3.40%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 70 | 67848 |
| 4.30%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp; 80 | 80229 |
| Prudential Financial, Inc. |  |  |
| 2.10%, 03/10/30 | &nbsp;&nbsp; 99 | 92522 |
| 3.00%, 03/10/40 | &nbsp;&nbsp; 55 | 42911 |
| 3.70%, 10/01/50, (5-year CMT + 3.04%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 46728 |
| 3.70%, 03/13/51 | &nbsp;&nbsp; 95 | 69386 |
| 3.88%, 03/27/28 | &nbsp;&nbsp; 60 | 60043 |
| 3.91%, 12/07/47 | &nbsp;&nbsp; 90 | 70381 |
| 3.94%, 12/07/49 | &nbsp;&nbsp; 57 | 43975 |
| 4.35%, 02/25/50 | &nbsp;&nbsp; 75 | 61166 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.42%, 03/27/48 | &nbsp;&nbsp; $75 | $63204 |
| 4.60%, 05/15/44 | &nbsp;&nbsp; 70 | 62223 |
| 5.13%, 03/01/52, (5-year CMT + 3.16%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 73841 |
| 5.20%, 03/14/35 | &nbsp;&nbsp; 135 | 138360 |
| 5.70%, 12/14/36 | &nbsp;&nbsp; 67 | 70903 |
| 5.70%, 09/15/48, (3-mo. SOFR US + 2.93%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75760 |
| 5.75%, 07/15/33 | &nbsp;&nbsp; 33 | 36093 |
| 6.00%, 09/01/52, (5-year CMT + 3.23%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | 82871 |
| 6.50%, 03/15/54, (5-year CMT + 2.40%)<sup>(a)</sup> | &nbsp;&nbsp; 65 | 68518 |
| 6.63%, 12/01/37 | &nbsp;&nbsp; 45 | 51805 |
| Prudential Funding Asia PLC |  |  |
| 3.13%, 04/14/30 | &nbsp;&nbsp; 85 | 82050 |
| 3.63%, 03/24/32 | &nbsp;&nbsp; 65 | 62927 |
| Reinsurance Group of America, Inc. |  |  |
| 3.15%, 06/15/30 | &nbsp;&nbsp; 62 | 59164 |
| 3.90%, 05/15/29 | &nbsp;&nbsp; 53 | 52646 |
| 5.75%, 09/15/34 | &nbsp;&nbsp; 50 | 52270 |
| 6.00%, 09/15/33 | &nbsp;&nbsp; 80 | 85520 |
| RenaissanceRe Finance, Inc., 3.45%, 07/01/27 | &nbsp;&nbsp; 60 | 59460 |
| RenaissanceRe Holdings Ltd. |  |  |
| 5.75%, 06/05/33 | &nbsp;&nbsp; 85 | 89617 |
| 5.80%, 04/01/35 | &nbsp;&nbsp; 100 | 104715 |
| Ryan Specialty LLC, 5.88%, 08/01/32<sup>(b)</sup> | &nbsp;&nbsp; 105 | 105917 |
| Selective Insurance Group, Inc., 5.38%, 03/01/49 | &nbsp;&nbsp; 15 | 14238 |
| Stewart Information Services Corp., 3.60%, 11/15/31 | &nbsp;&nbsp; 15 | 13562 |
| Swiss Re Finance Luxembourg SA, 5.00%, 04/02/49, <br> (5-year CMT + 3.58%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 195 | 196946 |
| Swiss Re Treasury U.S. Corp., 4.25%, 12/06/42<sup>(b)</sup> | &nbsp;&nbsp; 25 | 21922 |
| Travelers Companies, Inc.(The) |  |  |
| 2.55%, 04/27/50 | &nbsp;&nbsp; 40 | 24629 |
| 3.05%, 06/08/51 | &nbsp;&nbsp; 20 | 13409 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 39 | 31011 |
| 4.00%, 05/30/47 | &nbsp;&nbsp; 60 | 49052 |
| 4.05%, 03/07/48 | &nbsp;&nbsp; 40 | 32773 |
| 4.10%, 03/04/49 | &nbsp;&nbsp; 52 | 42971 |
| 4.30%, 08/25/45 | &nbsp;&nbsp; 40 | 34498 |
| 4.60%, 08/01/43 | &nbsp;&nbsp; 40 | 36901 |
| 5.05%, 07/24/35 | &nbsp;&nbsp; 30 | 30792 |
| 5.35%, 11/01/40 | &nbsp;&nbsp; 55 | 56067 |
| 5.45%, 05/25/53 | &nbsp;&nbsp; 55 | 54371 |
| 6.25%, 06/15/37 | &nbsp;&nbsp; 70 | 78462 |
| 6.75%, 06/20/36 | &nbsp;&nbsp; 35 | 40438 |
| Travelers Property Casualty Corp., 6.38%, 03/15/33 | &nbsp;&nbsp; 45 | 50965 |
| Unum Group |  |  |
| 4.05%, 08/15/41<sup>(b)</sup> | &nbsp;&nbsp; 15 | 12471 |
| 4.13%, 06/15/51 | &nbsp;&nbsp; 70 | 52229 |
| 6.00%, 06/15/54 | &nbsp;&nbsp; 30 | 29273 |
| W R Berkley Corp., 4.00%, 05/12/50 | &nbsp;&nbsp; 60 | 47580 |
| Willis North America, Inc. |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 98 | 93756 |
| 3.88%, 09/15/49 | &nbsp;&nbsp; 54 | 40257 |
| 4.50%, 09/15/28 | &nbsp;&nbsp; 62 | 62393 |
| 4.65%, 06/15/27 | &nbsp;&nbsp; 85 | 85543 |
| 5.05%, 09/15/48 | &nbsp;&nbsp; 15 | 13558 |
| 5.35%, 05/15/33 | &nbsp;&nbsp; 65 | 66956 |
| 5.90%, 03/05/54 | &nbsp;&nbsp; 55 | 54466 |
| XL Group Ltd., 5.25%, 12/15/43 | &nbsp;&nbsp; 30 | 28845 |
| Zurich Finance Ireland Designated Activity Co., <br> 3.00%, 04/19/51, (5-year CMT + 2.77%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp; 200 | 182566 |
|  |  | 14618385 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet — 0.5%** | **Internet — 0.5%** | **Internet — 0.5%** |
| AppLovin Corp. |  |  |
| 5.13%, 12/01/29 | &nbsp;&nbsp; $85 | $86810 |
| 5.38%, 12/01/31 | &nbsp;&nbsp; 5 | 5150 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 155 | 157964 |
| 5.95%, 12/01/54 | &nbsp;&nbsp; 5 | 4791 |
| Baidu, Inc., 2.38%, 10/09/30 | &nbsp;&nbsp; 200 | 186781 |
| Booking Holdings, Inc., 3.55%, 03/15/28 | &nbsp;&nbsp; 90 | 89411 |
| Cars.com, Inc., 6.38%, 11/01/28<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29357 |
| Cogent Communications Group LLC/Cogent <br> Finance, Inc.<br>|  |  |
| 6.50%, 07/01/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 50 | 44353 |
| 7.00%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp; 45 | 44258 |
| 7.00%, 06/15/27<sup>(b)(c)</sup> | &nbsp;&nbsp; 30 | 29426 |
| eBay, Inc. |  |  |
| 2.60%, 05/10/31 | &nbsp;&nbsp; 85 | 78232 |
| 2.70%, 03/11/30 | &nbsp;&nbsp; 85 | 80551 |
| 3.60%, 06/05/27 | &nbsp;&nbsp; 62 | 61766 |
| 3.65%, 05/10/51 | &nbsp;&nbsp; 80 | 59448 |
| 4.00%, 07/15/42 | &nbsp;&nbsp; 60 | 50086 |
| Gen Digital, Inc. |  |  |
| 6.25%, 04/01/33<sup>(b)</sup> | &nbsp;&nbsp; 75 | 74721 |
| 6.75%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp; 60 | 60573 |
| 7.13%, 09/30/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50722 |
| Go Daddy Operating Co. LLC/GD Finance Co., Inc. |  |  |
| 3.50%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp; 55 | 51360 |
| 5.25%, 12/01/27<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39821 |
| Kuaishou Technology, 4.75%, 01/22/36<sup>(b)</sup> | &nbsp;&nbsp; 200 | 198438 |
| Meituan |  |  |
| 3.05%, 10/28/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 188593 |
| 5.13%, 11/05/35<sup>(d)</sup> | &nbsp;&nbsp; 200 | 199479 |
| Prosus NV |  |  |
| 3.68%, 01/21/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 193746 |
| 4.99%, 01/19/52<sup>(d)</sup> | &nbsp;&nbsp; 200 | 162460 |
| Rakuten Group, Inc. |  |  |
| 6.25%, (5-year CMT + 4.96%)<sup>(a)(b)(f)</sup> | &nbsp;&nbsp; 65 | 62303 |
| 8.13%, (5-year CMT + 4.25%)<sup>(a)(b)(f)</sup> | &nbsp;&nbsp; 40 | 41471 |
| 9.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 140 | 155512 |
| 11.25%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp; 120 | 126949 |
| Tencent Holdings Ltd. |  |  |
| 2.39%, 06/03/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 189096 |
| 3.24%, 06/03/50<sup>(d)</sup> | &nbsp;&nbsp; 200 | 145242 |
| 3.84%, 04/22/51<sup>(d)</sup> | &nbsp;&nbsp; 200 | 160886 |
| 3.93%, 01/19/38<sup>(d)</sup> | &nbsp;&nbsp; 200 | 188399 |
| VeriSign, Inc. |  |  |
| 2.70%, 06/15/31 | &nbsp;&nbsp; 85 | 77431 |
| 4.75%, 07/15/27 | &nbsp;&nbsp; 40 | 40007 |
| 5.25%, 06/01/32 | &nbsp;&nbsp; 10 | 10223 |
| Wayfair LLC |  |  |
| 7.25%, 10/31/29<sup>(b)</sup> | &nbsp;&nbsp; 60 | 62038 |
| 7.75%, 09/15/30<sup>(b)</sup> | &nbsp;&nbsp; 57 | 59951 |
| Ziff Davis, Inc., 4.63%, 10/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp; 35 | 31506 |
| ZipRecruiter, Inc., 5.00%, 01/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp; 40 | 25787 |
|  |  | 3605098 |
| **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** |
| Cleveland-Cliffs, Inc. |  |  |
| 4.63%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24466 |
| 4.88%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp; 27 | 25597 |
| 6.25%, 10/01/40 | &nbsp;&nbsp; 15 | 12767 |
| 6.75%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50698 |
| 6.88%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp; 60 | 61786 |
| 7.00%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 110 | 111790 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Iron & Steel (continued)** | **Iron & Steel (continued)** | **Iron & Steel (continued)** |
| 7.38%, 05/01/33<sup>(b)</sup> | &nbsp;&nbsp; $65 | $66706 |
| 7.50%, 09/15/31<sup>(b)</sup> | &nbsp;&nbsp; 82 | 85584 |
| 7.63%, 01/15/34<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25659 |
| Commercial Metals Co. |  |  |
| 3.88%, 02/15/31 | &nbsp;&nbsp; 20 | 18990 |
| 4.13%, 01/15/30 | &nbsp;&nbsp; 30 | 29315 |
| 4.38%, 03/15/32 | &nbsp;&nbsp; 20 | 19160 |
| Gerdau Trade, Inc., 5.75%, 06/09/35 | &nbsp;&nbsp; 130 | 135097 |
| Steel Dynamics, Inc. |  |  |
| 1.65%, 10/15/27 | &nbsp;&nbsp; 60 | 57875 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 25 | 23922 |
| 3.25%, 10/15/50 | &nbsp;&nbsp; 20 | 13648 |
| 3.45%, 04/15/30 | &nbsp;&nbsp; 50 | 48630 |
| 4.00%, 12/15/28 | &nbsp;&nbsp; 50 | 50032 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 10 | 10257 |
| 5.38%, 08/15/34 | &nbsp;&nbsp; 80 | 83122 |
|  |  | 955101 |
| **Leisure Time — 0.2%** | **Leisure Time — 0.2%** | **Leisure Time — 0.2%** |
| Brunswick Corp. |  |  |
| 2.40%, 08/18/31 | &nbsp;&nbsp; 55 | 48883 |
| 4.40%, 09/15/32 | &nbsp;&nbsp; 30 | 29156 |
| Brunswick Corp/DE, 5.85%, 03/18/29<sup>(c)</sup> | &nbsp;&nbsp; 30 | 31186 |
| Harley-Davidson, Inc., 4.63%, 07/28/45 | &nbsp;&nbsp; 33 | 26408 |
| Life Time, Inc., 6.00%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36035 |
| NCL Corp. Ltd. |  |  |
| 6.25%, 03/01/30<sup>(b)(c)</sup> | &nbsp;&nbsp; 35 | 35844 |
| 6.75%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 115 | 118328 |
| 7.75%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 80 | 85425 |
| NCL Finance Ltd., 6.13%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41034 |
| Patrick Industries, Inc. |  |  |
| 4.75%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24906 |
| 6.38%, 11/01/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35942 |
| Polaris, Inc., 6.95%, 03/15/29 | &nbsp;&nbsp; 35 | 37115 |
| Royal Caribbean Cruises Ltd. |  |  |
| 3.70%, 03/15/28 | &nbsp;&nbsp; 45 | 44720 |
| 5.38%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp; 85 | 85647 |
| 5.50%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp; 110 | 112428 |
| 5.63%, 09/30/31<sup>(b)</sup> | &nbsp;&nbsp; 65 | 66985 |
| 6.00%, 02/01/33<sup>(b)</sup> | &nbsp;&nbsp; 155 | 160468 |
| 6.25%, 03/15/32<sup>(b)</sup> | &nbsp;&nbsp; 95 | 99066 |
| Sabre GLBL, Inc. |  |  |
| 10.75%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 32 | 23624 |
| 10.75%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp; 41 | 29717 |
| 11.13%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 75 | 54378 |
|  |  | 1227295 |
| **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** |
| Choice Hotels International, Inc. |  |  |
| 3.70%, 01/15/31 | &nbsp;&nbsp; 50 | 48171 |
| 5.85%, 08/01/34 | &nbsp;&nbsp; 70 | 72574 |
| Hilton Domestic Operating Co., Inc. |  |  |
| 3.63%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 85 | 79210 |
| 3.75%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp; 55 | 53581 |
| 4.00%, 05/01/31<sup>(b)</sup> | &nbsp;&nbsp; 96 | 92304 |
| 4.88%, 01/15/30 | &nbsp;&nbsp; 45 | 45039 |
| 5.75%, 09/15/33<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51196 |
| 5.88%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40934 |
| 5.88%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 67 | 68909 |
| 6.13%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31001 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| Hilton Grand Vacations Borrower Escrow LLC/Hilton <br> Grand Vacations Borrower Esc<br>|  |  |
| 4.88%, 07/01/31<sup>(b)</sup> | &nbsp;&nbsp; $40 | $37605 |
| 5.00%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp; 60 | 58579 |
| 6.63%, 01/15/32<sup>(b)</sup> | &nbsp;&nbsp; 65 | 66351 |
| Hilton Worldwide Finance LLC/Hilton Worldwide <br> Finance Corp., 4.88%, 04/01/27<br>| &nbsp;&nbsp; 35 | 35001 |
| Marriott Ownership Resorts, Inc. |  |  |
| 4.50%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28939 |
| 4.75%, 01/15/28<sup>(c)</sup> | &nbsp;&nbsp; 40 | 39591 |
| Travel + Leisure Co. |  |  |
| 4.50%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp; 50 | 48985 |
| 4.63%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19529 |
| 6.00%, 04/01/27 | &nbsp;&nbsp; 35 | 35431 |
| 6.13%, 09/01/33<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15233 |
|  |  | 968163 |
| **Machinery — 0.5%** | **Machinery — 0.5%** | **Machinery — 0.5%** |
| AGCO Corp. |  |  |
| 5.45%, 03/21/27 | &nbsp;&nbsp; 55 | 55652 |
| 5.80%, 03/21/34 | &nbsp;&nbsp; 70 | 74000 |
| CNH Industrial Capital LLC |  |  |
| 4.55%, 04/10/28 | &nbsp;&nbsp; 20 | 20193 |
| 5.50%, 01/12/29 | &nbsp;&nbsp; 20 | 20750 |
| CNH Industrial NV, 3.85%, 11/15/27 | &nbsp;&nbsp; 89 | 88800 |
| Deere & Co. |  |  |
| 2.88%, 09/07/49 | &nbsp;&nbsp; 45 | 31005 |
| 3.10%, 04/15/30 | &nbsp;&nbsp; 76 | 73776 |
| 3.75%, 04/15/50 | &nbsp;&nbsp; 55 | 43929 |
| 3.90%, 06/09/42 | &nbsp;&nbsp; 95 | 83353 |
| 5.38%, 10/16/29 | &nbsp;&nbsp; 85 | 89590 |
| 5.45%, 01/16/35 | &nbsp;&nbsp; 5 | 5338 |
| 5.70%, 01/19/55 | &nbsp;&nbsp; 10 | 10590 |
| 7.13%, 03/03/31 | &nbsp;&nbsp; 25 | 28645 |
| Eaton Capital ULC, 4.45%, 05/09/30 | &nbsp;&nbsp; 10 | 10168 |
| IDEX Corp. |  |  |
| 2.63%, 06/15/31 | &nbsp;&nbsp; 55 | 50468 |
| 3.00%, 05/01/30 | &nbsp;&nbsp; 69 | 66082 |
| John Deere Capital Corp. |  |  |
| 1.45%, 01/15/31 | &nbsp;&nbsp; 52 | 46388 |
| 1.50%, 03/06/28 | &nbsp;&nbsp; 22 | 21113 |
| 1.75%, 03/09/27 | &nbsp;&nbsp; 105 | 102980 |
| 2.00%, 06/17/31 | &nbsp;&nbsp; 57 | 51550 |
| 2.45%, 01/09/30<sup>(c)</sup> | &nbsp;&nbsp; 76 | 72488 |
| 2.80%, 09/08/27 | &nbsp;&nbsp; 85 | 83932 |
| 2.80%, 07/18/29 | &nbsp;&nbsp; 80 | 77476 |
| 3.05%, 01/06/28 | &nbsp;&nbsp; 48 | 47501 |
| 3.35%, 04/18/29 | &nbsp;&nbsp; 55 | 54288 |
| 3.45%, 03/07/29 | &nbsp;&nbsp; 92 | 91217 |
| 3.90%, 06/07/32 | &nbsp;&nbsp; 60 | 59461 |
| 4.15%, 09/15/27 | &nbsp;&nbsp; 90 | 90678 |
| 4.20%, 07/15/27 | &nbsp;&nbsp; 55 | 55408 |
| 4.35%, 09/15/32 | &nbsp;&nbsp; 65 | 65796 |
| 4.40%, 09/08/31 | &nbsp;&nbsp; 20 | 20386 |
| 4.50%, 01/16/29 | &nbsp;&nbsp; 80 | 81775 |
| 4.75%, 01/20/28 | &nbsp;&nbsp; 115 | 117373 |
| 4.85%, 10/11/29 | &nbsp;&nbsp; 5 | 5193 |
| 4.90%, 06/11/27 | &nbsp;&nbsp; 55 | 55863 |
| 4.90%, 03/03/28 | &nbsp;&nbsp; 120 | 122947 |
| 4.90%, 03/07/31 | &nbsp;&nbsp; 10 | 10416 |
| 4.95%, 07/14/28 | &nbsp;&nbsp; 100 | 102769 |
| 5.10%, 04/11/34 | &nbsp;&nbsp; 150 | 156797 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Series 1, 5.05%, 06/12/34 | &nbsp;&nbsp; $35 | $36477 |
| Series I, 4.55%, 06/05/30 | &nbsp;&nbsp; 55 | 56353 |
| Mueller Water Products, Inc., 4.00%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 26 | 25258 |
| Nordson Corp. |  |  |
| 5.60%, 09/15/28 | &nbsp;&nbsp; 15 | 15521 |
| 5.80%, 09/15/33 | &nbsp;&nbsp; 45 | 48109 |
| nVent Finance SARL |  |  |
| 2.75%, 11/15/31 | &nbsp;&nbsp; 45 | 40830 |
| 5.65%, 05/15/33 | &nbsp;&nbsp; 35 | 36932 |
| Otis Worldwide Corp. |  |  |
| 2.29%, 04/05/27 | &nbsp;&nbsp; 75 | 73798 |
| 2.57%, 02/15/30 | &nbsp;&nbsp; 120 | 113396 |
| 3.11%, 02/15/40 | &nbsp;&nbsp; 90 | 71978 |
| 3.36%, 02/15/50<sup>(c)</sup> | &nbsp;&nbsp; 65 | 46655 |
| Regal Rexnord Corp. |  |  |
| 6.05%, 04/15/28 | &nbsp;&nbsp; 75 | 77770 |
| 6.30%, 02/15/30 | &nbsp;&nbsp; 70 | 74775 |
| 6.40%, 04/15/33 | &nbsp;&nbsp; 105 | 114331 |
| Terex Corp. |  |  |
| 5.00%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp; 60 | 59961 |
| 6.25%, 10/15/32<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51501 |
| Westinghouse Air Brake Technologies Corp. |  |  |
| 4.70%, 09/15/28 | &nbsp;&nbsp; 95 | 96480 |
| 4.90%, 05/29/30 | &nbsp;&nbsp; 20 | 20591 |
| 5.50%, 05/29/35 | &nbsp;&nbsp; 20 | 21048 |
| 5.61%, 03/11/34 | &nbsp;&nbsp; 80 | 84855 |
| Xylem, Inc. |  |  |
| 1.95%, 01/30/28 | &nbsp;&nbsp; 65 | 62743 |
| 2.25%, 01/30/31 | &nbsp;&nbsp; 50 | 45717 |
| 4.38%, 11/01/46 | &nbsp;&nbsp; 22 | 19237 |
|  |  | 3640450 |
| **Manufacturing — 0.2%** | **Manufacturing — 0.2%** | **Manufacturing — 0.2%** |
| Avient Corp. |  |  |
| 6.25%, 11/01/31<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51609 |
| 7.13%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51511 |
| Axon Enterprise, Inc., 6.25%, 03/15/33<sup>(b)</sup> | &nbsp;&nbsp; 100 | 103735 |
| Eaton Corp. |  |  |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 105 | 104089 |
| 3.92%, 09/15/47 | &nbsp;&nbsp; 35 | 29103 |
| 4.00%, 11/02/32 | &nbsp;&nbsp; 70 | 69482 |
| 4.15%, 03/15/33 | &nbsp;&nbsp; 110 | 109612 |
| 4.15%, 11/02/42 | &nbsp;&nbsp; 75 | 66407 |
| 4.70%, 08/23/52 | &nbsp;&nbsp; 65 | 59267 |
| Entegris, Inc. |  |  |
| 3.63%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28792 |
| 4.38%, 04/15/28<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39621 |
| 4.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 125 | 125150 |
| 5.95%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 60 | 61206 |
| Illinois Tool Works, Inc. |  |  |
| 3.90%, 09/01/42 | &nbsp;&nbsp; 68 | 59032 |
| 4.88%, 09/15/41 | &nbsp;&nbsp; 77 | 75535 |
| Parker-Hannifin Corp. |  |  |
| 3.25%, 03/01/27 | &nbsp;&nbsp; 35 | 34822 |
| 3.25%, 06/14/29 | &nbsp;&nbsp; 101 | 98995 |
| 4.00%, 06/14/49 | &nbsp;&nbsp; 60 | 49300 |
| 4.10%, 03/01/47 | &nbsp;&nbsp; 35 | 29619 |
| 4.20%, 11/21/34 | &nbsp;&nbsp; 71 | 70074 |
| 4.25%, 09/15/27 | &nbsp;&nbsp; 15 | 15094 |
| 4.45%, 11/21/44 | &nbsp;&nbsp; 45 | 40359 |
| 4.50%, 09/15/29 | &nbsp;&nbsp; 70 | 71263 |
| 6.25%, 05/15/38 | &nbsp;&nbsp; 5 | 5663 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Manufacturing (continued)** | **Manufacturing (continued)** | **Manufacturing (continued)** |
| Pentair Finance SARL, 4.50%, 07/01/29 | &nbsp;&nbsp; $60 | $60567 |
| Trinity Industries, Inc., 7.75%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41189 |
|  |  | 1551096 |
| **Media — 0.8%** | **Media — 0.8%** | **Media — 0.8%** |
| Belo Corp. |  |  |
| 7.25%, 09/15/27 | &nbsp;&nbsp; 35 | 36327 |
| 7.75%, 06/01/27 | &nbsp;&nbsp; 50 | 51993 |
| Cable One, Inc., 4.00%, 11/15/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | 34556 |
| Comcast Corp. |  |  |
| 1.50%, 02/15/31 | &nbsp;&nbsp; 55 | 48540 |
| 1.95%, 01/15/31 | &nbsp;&nbsp; 185 | 167215 |
| 2.45%, 08/15/52 | &nbsp;&nbsp; 110 | 59796 |
| 2.65%, 02/01/30 | &nbsp;&nbsp; 145 | 137922 |
| 2.65%, 08/15/62 | &nbsp;&nbsp; 90 | 46677 |
| 2.80%, 01/15/51 | &nbsp;&nbsp; 105 | 62462 |
| 2.89%, 11/01/51 | &nbsp;&nbsp; 325 | 196216 |
| 2.94%, 11/01/56 | &nbsp;&nbsp; 270 | 157320 |
| 2.99%, 11/01/63 | &nbsp;&nbsp; 280 | 155646 |
| 3.20%, 07/15/36 | &nbsp;&nbsp; 65 | 56418 |
| 3.25%, 11/01/39 | &nbsp;&nbsp; 120 | 95691 |
| 3.40%, 04/01/30 | &nbsp;&nbsp; 100 | 97768 |
| 3.40%, 07/15/46 | &nbsp;&nbsp; 100 | 71365 |
| 3.45%, 02/01/50 | &nbsp;&nbsp; 90 | 61721 |
| 3.75%, 04/01/40 | &nbsp;&nbsp; 125 | 105363 |
| 3.90%, 03/01/38 | &nbsp;&nbsp; 85 | 75515 |
| 3.97%, 11/01/47 | &nbsp;&nbsp; 105 | 80571 |
| 4.00%, 08/15/47 | &nbsp;&nbsp; 20 | 15495 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 80 | 61662 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 155 | 117280 |
| 4.05%, 11/01/52 | &nbsp;&nbsp; 80 | 60088 |
| 4.20%, 08/15/34 | &nbsp;&nbsp; 90 | 87245 |
| 4.25%, 10/15/30 | &nbsp;&nbsp; 175 | 176470 |
| 4.25%, 01/15/33 | &nbsp;&nbsp; 165 | 163318 |
| 4.40%, 08/15/35 | &nbsp;&nbsp; 75 | 72738 |
| 4.60%, 10/15/38 | &nbsp;&nbsp; 105 | 99095 |
| 4.65%, 07/15/42 | &nbsp;&nbsp; 15 | 13463 |
| 4.70%, 10/15/48 | &nbsp;&nbsp; 105 | 89641 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 105 | 107113 |
| 4.95%, 05/15/32 | &nbsp;&nbsp; 120 | 124061 |
| 4.95%, 10/15/58 | &nbsp;&nbsp; 50 | 42736 |
| 5.17%, 01/15/37<sup>(b)</sup> | &nbsp;&nbsp; 252 | 253779 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 100 | 104409 |
| 5.30%, 05/15/35<sup>(c)</sup> | &nbsp;&nbsp; 85 | 88907 |
| 5.35%, 05/15/53 | &nbsp;&nbsp; 105 | 96695 |
| 5.50%, 11/15/32 | &nbsp;&nbsp; 60 | 64030 |
| 5.50%, 05/15/64 | &nbsp;&nbsp; 65 | 59875 |
| 5.65%, 06/15/35 | &nbsp;&nbsp; 75 | 79880 |
| 5.65%, 06/01/54 | &nbsp;&nbsp; 65 | 62694 |
| 6.05%, 05/15/55<sup>(c)</sup> | &nbsp;&nbsp; 80 | 81870 |
| 6.45%, 03/15/37 | &nbsp;&nbsp; 40 | 44723 |
| 6.50%, 11/15/35 | &nbsp;&nbsp; 90 | 101475 |
| 7.05%, 03/15/33 | &nbsp;&nbsp; 45 | 51940 |
| FactSet Research Systems, Inc. |  |  |
| 2.90%, 03/01/27 | &nbsp;&nbsp; 30 | 29587 |
| 3.45%, 03/01/32 | &nbsp;&nbsp; 20 | 18323 |
| NBCUniversal Media LLC |  |  |
| 4.45%, 01/15/43 | &nbsp;&nbsp; 120 | 103993 |
| 6.40%, 04/30/40 | &nbsp;&nbsp; 30 | 33002 |
| Nexstar Media, Inc. |  |  |
| 4.75%, 11/01/28<sup>(b)</sup> | &nbsp;&nbsp; 70 | 69650 |
| 5.63%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp; 120 | 119998 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| Paramount Global |  |  |
| 3.38%, 02/15/28 | &nbsp;&nbsp; $10 | $9649 |
| 4.20%, 06/01/29 | &nbsp;&nbsp; 30 | 28864 |
| 4.38%, 03/15/43 | &nbsp;&nbsp; 195 | 122308 |
| 4.60%, 01/15/45 | &nbsp;&nbsp; 100 | 63020 |
| 4.90%, 08/15/44 | &nbsp;&nbsp; 50 | 32119 |
| 4.95%, 01/15/31 | &nbsp;&nbsp; 115 | 107561 |
| 5.85%, 09/01/43 | &nbsp;&nbsp; 25 | 18515 |
| 6.25%, 02/28/57, (3-mo. SOFR US + 4.16%)<sup>(a)</sup> | &nbsp;&nbsp; 54 | 42909 |
| 6.38%, 03/30/62, (5-year CMT + 4.00%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 60484 |
| 6.88%, 04/30/36 | &nbsp;&nbsp; 60 | 54503 |
| Sirius XM Radio LLC |  |  |
| 3.88%, 09/01/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 105 | 96188 |
| 4.00%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp; 100 | 97641 |
| 4.13%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp; 105 | 98939 |
| 5.00%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp; 90 | 89985 |
| 5.50%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp; 107 | 107064 |
| TEGNA, Inc. |  |  |
| 4.63%, 03/15/28 | &nbsp;&nbsp; 67 | 66792 |
| 5.00%, 09/15/29 | &nbsp;&nbsp; 75 | 74923 |
| Telenet Finance Luxembourg Notes SARL, 5.50%, <br> 03/01/28<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 199352 |
|  |  | 5865133 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Advanced Drainage Systems, Inc., 6.38%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35623 |
| Timken Co.(The) |  |  |
| 4.13%, 04/01/32 | &nbsp;&nbsp; 5 | 4871 |
| 4.50%, 12/15/28 | &nbsp;&nbsp; 40 | 40348 |
| Valmont Industries, Inc., 5.00%, 10/01/44 | &nbsp;&nbsp; 37 | 34419 |
|  |  | 115261 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| Antofagasta PLC, 5.63%, 05/13/32<sup>(d)</sup> | &nbsp;&nbsp; 200 | 209273 |
| Coeur Mining, Inc., 5.13%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19916 |
| Compass Minerals International, Inc. |  |  |
| 6.75%, 12/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp; 10 | 10005 |
| 8.00%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | 52797 |
| Constellium SE |  |  |
| 3.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38758 |
| 5.63%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40000 |
| 6.38%, 08/15/32<sup>(b)</sup> | &nbsp;&nbsp; 25 | 26031 |
| Corp. Nacional del Cobre de Chile |  |  |
| 3.00%, 09/30/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 191663 |
| 6.30%, 09/08/53<sup>(d)</sup> | &nbsp;&nbsp; 200 | 210104 |
| 6.33%, 01/13/35<sup>(d)</sup> | &nbsp;&nbsp; 200 | 216228 |
| 6.78%, 01/13/55<sup>(d)</sup> | &nbsp;&nbsp; 200 | 221191 |
| Hecla Mining Co., 7.25%, 02/15/28 | &nbsp;&nbsp; 20 | 20017 |
| Kaiser Aluminum Corp., 4.50%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38644 |
| Northern Star Resources Ltd., 6.13%, 04/11/33<sup>(b)</sup> | &nbsp;&nbsp; 50 | 53630 |
| Novelis Corp. |  |  |
| 3.88%, 08/15/31<sup>(b)</sup> | &nbsp;&nbsp; 50 | 45785 |
| 4.75%, 01/30/30<sup>(b)</sup> | &nbsp;&nbsp; 107 | 103694 |
| 6.88%, 01/30/30<sup>(b)</sup> | &nbsp;&nbsp; 100 | 103228 |
| Yamana Gold, Inc., 2.63%, 08/15/31 | &nbsp;&nbsp; 30 | 27440 |
|  |  | 1628404 |
| **Multi-National — 0.0%** | **Multi-National — 0.0%** | **Multi-National — 0.0%** |
| Dexia SA, 4.50%, 03/19/27<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40332 |
| **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** | **Office & Business Equipment — 0.1%** |
| CDW LLC/CDW Finance Corp. |  |  |
| 3.25%, 02/15/29 | &nbsp;&nbsp; 70 | 67608 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Office & Business Equipment (continued)** | **Office & Business Equipment (continued)** | **Office & Business Equipment (continued)** |
| 3.28%, 12/01/28 | &nbsp;&nbsp; $60 | $58530 |
| 3.57%, 12/01/31 | &nbsp;&nbsp; 95 | 88771 |
| 4.25%, 04/01/28 | &nbsp;&nbsp; 65 | 64743 |
| 5.55%, 08/22/34 | &nbsp;&nbsp; 65 | 65446 |
| Xerox Corp. |  |  |
| 4.80%, 03/01/35 | &nbsp;&nbsp; 20 | 5383 |
| 6.75%, 12/15/39 | &nbsp;&nbsp; 24 | 6826 |
| 10.25%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 25 | 18048 |
| 13.50%, 04/15/31<sup>(b)</sup> | &nbsp;&nbsp; 25 | 13199 |
| Xerox Holdings Corp. |  |  |
| 5.50%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp; 45 | 17090 |
| 8.88%, 11/30/29<sup>(b)</sup> | &nbsp;&nbsp; 34 | 9651 |
| Zebra Technologies Corp., 6.50%, 06/01/32<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35886 |
|  |  | 451181 |
| **Office Furnishings — 0.0%** | **Office Furnishings — 0.0%** | **Office Furnishings — 0.0%** |
| HNI Corp., 5.13%, 01/18/29<sup>(b)</sup> | &nbsp;&nbsp; 32 | 31481 |
| **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** | **Packaging & Containers — 0.2%** |
| Amcor Flexibles North America, Inc. |  |  |
| 2.69%, 05/25/31 | &nbsp;&nbsp; 55 | 50813 |
| 5.10%, 03/17/30 | &nbsp;&nbsp; 100 | 103476 |
| AptarGroup, Inc., 3.60%, 03/15/32 | &nbsp;&nbsp; 15 | 14311 |
| Ball Corp. |  |  |
| 2.88%, 08/15/30 | &nbsp;&nbsp; 90 | 83710 |
| 3.13%, 09/15/31 | &nbsp;&nbsp; 35 | 32498 |
| 5.50%, 09/15/33 | &nbsp;&nbsp; 75 | 77162 |
| 6.00%, 06/15/29 | &nbsp;&nbsp; 67 | 69065 |
| Berry Global, Inc., 5.65%, 01/15/34 | &nbsp;&nbsp; 95 | 100370 |
| Crown Americas LLC |  |  |
| 5.25%, 04/01/30 | &nbsp;&nbsp; 35 | 35822 |
| 5.88%, 06/01/33<sup>(b)</sup> | &nbsp;&nbsp; 65 | 66790 |
| OI European Group BV, 4.75%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24128 |
| Owens-Brockway Glass Container, Inc. |  |  |
| 6.63%, 05/13/27<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45047 |
| 7.25%, 05/15/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 50 | 50516 |
| 7.38%, 06/01/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 20 | 20250 |
| Sealed Air Corp. |  |  |
| 4.00%, 12/01/27<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29922 |
| 5.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45375 |
| 6.50%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41266 |
| 6.88%, 07/15/33<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5178 |
| Sealed Air Corp./Sealed Air Corp. U.S. |  |  |
| 6.13%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp; 55 | 55778 |
| 7.25%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31150 |
| Sonoco Products Co. |  |  |
| 2.85%, 02/01/32 | &nbsp;&nbsp; 30 | 27521 |
| 3.13%, 05/01/30 | &nbsp;&nbsp; 70 | 66864 |
| 4.60%, 09/01/29 | &nbsp;&nbsp; 10 | 10139 |
| 5.00%, 09/01/34<sup>(c)</sup> | &nbsp;&nbsp; 65 | 65560 |
| 5.75%, 11/01/40 | &nbsp;&nbsp; 45 | 46660 |
|  |  | 1199371 |
| **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** |
| Accendra Health, Inc. |  |  |
| 4.50%, 03/31/29<sup>(b)(c)</sup> | &nbsp;&nbsp; 20 | 12706 |
| 6.63%, 04/01/30<sup>(b)(c)</sup> | &nbsp;&nbsp; 45 | 21837 |
| AdaptHealth LLC |  |  |
| 4.63%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp; 45 | 43201 |
| 5.13%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp; 47 | 45305 |
| 6.13%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25081 |
| Elanco Animal Health, Inc., 6.65%, 08/28/28 | &nbsp;&nbsp; 70 | 72708 |
| EMD Finance LLC, 5.00%, 10/15/35<sup>(b)</sup> | &nbsp;&nbsp; 155 | 156521 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| Jazz Securities DAC, 4.38%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; $120 | $118314 |
| Novartis Capital Corp. |  |  |
| 2.20%, 08/14/30 | &nbsp;&nbsp; 135 | 125862 |
| 2.75%, 08/14/50 | &nbsp;&nbsp; 170 | 111348 |
| 3.10%, 05/17/27 | &nbsp;&nbsp; 135 | 134229 |
| 3.70%, 09/21/42 | &nbsp;&nbsp; 30 | 25270 |
| 3.80%, 09/18/29 | &nbsp;&nbsp; 15 | 15010 |
| 4.00%, 09/18/31 | &nbsp;&nbsp; 30 | 30095 |
| 4.00%, 11/20/45 | &nbsp;&nbsp; 20 | 17071 |
| 4.20%, 09/18/34 | &nbsp;&nbsp; 100 | 99180 |
| 4.40%, 05/06/44 | &nbsp;&nbsp; 145 | 131853 |
| 4.70%, 09/18/54 | &nbsp;&nbsp; 60 | 54228 |
| Zoetis, Inc. |  |  |
| 3.00%, 09/12/27 | &nbsp;&nbsp; 75 | 74150 |
| 3.00%, 05/15/50 | &nbsp;&nbsp; 40 | 27089 |
| 3.90%, 08/20/28 | &nbsp;&nbsp; 30 | 30030 |
| 3.95%, 09/12/47 | &nbsp;&nbsp; 63 | 51862 |
| 4.45%, 08/20/48 | &nbsp;&nbsp; 35 | 30654 |
| 4.70%, 02/01/43 | &nbsp;&nbsp; 90 | 83605 |
| 5.00%, 08/17/35 | &nbsp;&nbsp; 110 | 112156 |
| 5.60%, 11/16/32 | &nbsp;&nbsp; 40 | 42834 |
|  |  | 1692199 |
| **Private Equity — 0.0%** | **Private Equity — 0.0%** | **Private Equity — 0.0%** |
| Apollo Management Holdings LP |  |  |
| 2.65%, 06/05/30<sup>(b)</sup> | &nbsp;&nbsp; 70 | 65489 |
| 4.87%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45760 |
|  |  | 111249 |
| **Real Estate — 0.3%** | **Real Estate — 0.3%** | **Real Estate — 0.3%** |
| Aldar Investment Properties Sukuk Ltd., 5.50%, <br> 05/16/34<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 207678 |
| Anywhere Real Estate Group LLC/Realogy Co-Issuer <br> Corp., 5.25%, 04/15/30<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 23647 |
| CBRE Services, Inc. |  |  |
| 2.50%, 04/01/31 | &nbsp;&nbsp; 70 | 63940 |
| 4.80%, 06/15/30 | &nbsp;&nbsp; 60 | 61162 |
| 5.50%, 04/01/29 | &nbsp;&nbsp; 75 | 77892 |
| 5.95%, 08/15/34 | &nbsp;&nbsp; 60 | 64139 |
| China Overseas Finance Cayman VI Ltd., 6.45%, <br> 06/11/34<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 220339 |
| CoStar Group, Inc., 2.80%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 20 | 18391 |
| Cushman & Wakefield U.S. Borrower LLC |  |  |
| 6.75%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45159 |
| 8.88%, 09/01/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31757 |
| Emaar Sukuk Ltd., 3.88%, 09/17/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 198159 |
| Hongkong Land Finance Cayman Islands Co. Ltd. <br> (The), 2.88%, 05/27/30<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 191460 |
| Howard Hughes Corp.(The) |  |  |
| 4.13%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp; 45 | 43582 |
| 4.38%, 02/01/31<sup>(b)</sup> | &nbsp;&nbsp; 45 | 42794 |
| Kennedy-Wilson, Inc. |  |  |
| 4.75%, 03/01/29 | &nbsp;&nbsp; 40 | 39225 |
| 4.75%, 02/01/30 | &nbsp;&nbsp; 50 | 48504 |
| 5.00%, 03/01/31<sup>(c)</sup> | &nbsp;&nbsp; 40 | 38827 |
| Newmark Group, Inc., 7.50%, 01/12/29 | &nbsp;&nbsp; 35 | 37239 |
| Ontario Teachers' Cadillac Fairview Properties Trust, <br> 4.13%, 02/01/29<sup>(b)</sup><br>| &nbsp;&nbsp; 120 | 120227 |
| Sun Hung Kai Properties Capital Market Ltd., 2.75%, <br> 05/13/30<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 190274 |
| Swire Pacific Mtn Financing HK Ltd., 2.88%, <br> 01/30/30<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 193128 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate (continued)** | **Real Estate (continued)** | **Real Estate (continued)** |
| Trust 2401, 7.38%, 02/13/34<sup>(d)</sup> | &nbsp;&nbsp; $200 | $220428 |
|  |  | 2177951 |
| **Real Estate Investment Trusts — 2.1%** | **Real Estate Investment Trusts — 2.1%** | **Real Estate Investment Trusts — 2.1%** |
| Alexandria Real Estate Equities, Inc. |  |  |
| 3.38%, 08/15/31 | &nbsp;&nbsp; 195 | 183652 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 100 | 71768 |
| 4.75%, 04/15/35 | &nbsp;&nbsp; 5 | 4871 |
| 5.50%, 10/01/35 | &nbsp;&nbsp; 180 | 184836 |
| 5.63%, 05/15/54 | &nbsp;&nbsp; 5 | 4836 |
| American Assets Trust LP, 3.38%, 02/01/31 | &nbsp;&nbsp; 55 | 50614 |
| American Tower Corp. |  |  |
| 1.50%, 01/31/28 | &nbsp;&nbsp; 90 | 86025 |
| 1.88%, 10/15/30 | &nbsp;&nbsp; 80 | 72172 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 64 | 58725 |
| 2.30%, 09/15/31 | &nbsp;&nbsp; 65 | 58467 |
| 2.70%, 04/15/31 | &nbsp;&nbsp; 70 | 64979 |
| 2.90%, 01/15/30 | &nbsp;&nbsp; 115 | 109849 |
| 2.95%, 01/15/51 | &nbsp;&nbsp; 45 | 29069 |
| 3.10%, 06/15/50 | &nbsp;&nbsp; 80 | 53671 |
| 3.55%, 07/15/27 | &nbsp;&nbsp; 74 | 73585 |
| 3.60%, 01/15/28 | &nbsp;&nbsp; 99 | 98285 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 5 | 4983 |
| 3.70%, 10/15/49 | &nbsp;&nbsp; 42 | 31756 |
| 3.80%, 08/15/29 | &nbsp;&nbsp; 101 | 100036 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 116 | 115593 |
| 4.05%, 03/15/32 | &nbsp;&nbsp; 30 | 29525 |
| 5.20%, 02/15/29 | &nbsp;&nbsp; 20 | 20640 |
| 5.25%, 07/15/28 | &nbsp;&nbsp; 10 | 10283 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 30 | 31113 |
| 5.40%, 01/31/35 | &nbsp;&nbsp; 25 | 25984 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 65 | 68002 |
| 5.50%, 03/15/28 | &nbsp;&nbsp; 10 | 10279 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 80 | 84938 |
| 5.80%, 11/15/28 | &nbsp;&nbsp; 50 | 52208 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 50 | 53926 |
| Apollo Commercial Real Estate Finance, Inc., 4.63%, <br> 06/15/29<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 40 | 39828 |
| AvalonBay Communities, Inc. |  |  |
| 1.90%, 12/01/28 | &nbsp;&nbsp; 80 | 76068 |
| 2.05%, 01/15/32 | &nbsp;&nbsp; 75 | 66683 |
| 2.45%, 01/15/31 | &nbsp;&nbsp; 65 | 60240 |
| 3.20%, 01/15/28 | &nbsp;&nbsp; 15 | 14883 |
| 3.35%, 05/15/27<sup>(c)</sup> | &nbsp;&nbsp; 75 | 74605 |
| 3.90%, 10/15/46 | &nbsp;&nbsp; 40 | 32590 |
| 4.15%, 07/01/47 | &nbsp;&nbsp; 30 | 25321 |
| 4.35%, 04/15/48 | &nbsp;&nbsp; 20 | 17295 |
| 5.30%, 12/07/33 | &nbsp;&nbsp; 40 | 42107 |
| Blackstone Mortgage Trust, Inc. |  |  |
| 3.75%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24576 |
| 7.75%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp; 30 | 32014 |
| Boston Properties LP |  |  |
| 2.45%, 10/01/33 | &nbsp;&nbsp; 75 | 62058 |
| 2.55%, 04/01/32 | &nbsp;&nbsp; 75 | 65896 |
| 2.90%, 03/15/30 | &nbsp;&nbsp; 65 | 61345 |
| 3.25%, 01/30/31 | &nbsp;&nbsp; 95 | 89471 |
| 3.40%, 06/21/29 | &nbsp;&nbsp; 10 | 9741 |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 95 | 95798 |
| 5.75%, 01/15/35 | &nbsp;&nbsp; 60 | 61141 |
| 6.50%, 01/15/34 | &nbsp;&nbsp; 60 | 64277 |
| 6.75%, 12/01/27 | &nbsp;&nbsp; 30 | 31307 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Brandywine Operating Partnership LP |  |  |
| 3.95%, 11/15/27 | &nbsp;&nbsp; $30 | $29454 |
| 4.55%, 10/01/29 | &nbsp;&nbsp; 25 | 23521 |
| 8.30%, 03/15/28 | &nbsp;&nbsp; 30 | 31697 |
| 8.88%, 04/12/29 | &nbsp;&nbsp; 55 | 58453 |
| Brixmor Operating Partnership LP |  |  |
| 2.25%, 04/01/28 | &nbsp;&nbsp; 53 | 51182 |
| 2.50%, 08/16/31 | &nbsp;&nbsp; 25 | 22707 |
| 3.90%, 03/15/27 | &nbsp;&nbsp; 50 | 49937 |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 70 | 69374 |
| 4.13%, 05/15/29 | &nbsp;&nbsp; 50 | 50068 |
| 5.50%, 02/15/34 | &nbsp;&nbsp; 55 | 57214 |
| 5.75%, 02/15/35 | &nbsp;&nbsp; 45 | 47609 |
| Broadstone Net Lease LLC, 2.60%, 09/15/31 | &nbsp;&nbsp; 5 | 4484 |
| Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR <br> Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27<sup>(b)</sup><br>| &nbsp;&nbsp; 38 | 37467 |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/29 | &nbsp;&nbsp; 40 | 37765 |
| 2.75%, 04/15/31 | &nbsp;&nbsp; 50 | 46172 |
| 2.90%, 12/01/33 | &nbsp;&nbsp; 45 | 39055 |
| Cousins Properties LP |  |  |
| 5.25%, 07/15/30 | &nbsp;&nbsp; 10 | 10337 |
| 5.88%, 10/01/34 | &nbsp;&nbsp; 35 | 36666 |
| Crown Castle, Inc. |  |  |
| 2.10%, 04/01/31 | &nbsp;&nbsp; 51 | 45495 |
| 2.25%, 01/15/31 | &nbsp;&nbsp; 72 | 65087 |
| 2.50%, 07/15/31 | &nbsp;&nbsp; 71 | 64187 |
| 2.90%, 03/15/27 | &nbsp;&nbsp; 25 | 24723 |
| 2.90%, 04/01/41 | &nbsp;&nbsp; 97 | 72148 |
| 3.10%, 11/15/29 | &nbsp;&nbsp; 60 | 57604 |
| 3.25%, 01/15/51 | &nbsp;&nbsp; 73 | 49159 |
| 3.30%, 07/01/30 | &nbsp;&nbsp; 72 | 68934 |
| 3.65%, 09/01/27 | &nbsp;&nbsp; 139 | 138371 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 80 | 79675 |
| 4.00%, 03/01/27 | &nbsp;&nbsp; 25 | 24992 |
| 4.15%, 07/01/50 | &nbsp;&nbsp; 40 | 31754 |
| 4.30%, 02/15/29 | &nbsp;&nbsp; 72 | 72307 |
| 4.75%, 05/15/47 | &nbsp;&nbsp; 15 | 13171 |
| 4.90%, 09/01/29 | &nbsp;&nbsp; 5 | 5097 |
| 5.00%, 01/11/28 | &nbsp;&nbsp; 195 | 198275 |
| 5.10%, 05/01/33 | &nbsp;&nbsp; 30 | 30589 |
| 5.20%, 09/01/34 | &nbsp;&nbsp; 80 | 81775 |
| 5.20%, 02/15/49 | &nbsp;&nbsp; 20 | 18329 |
| 5.60%, 06/01/29 | &nbsp;&nbsp; 90 | 93757 |
| 5.80%, 03/01/34 | &nbsp;&nbsp; 55 | 58301 |
| CTR Partnership LP/CareTrust Capital Corp., 3.88%, <br> 06/30/28<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 4899 |
| CubeSmart LP |  |  |
| 2.50%, 02/15/32 | &nbsp;&nbsp; 60 | 53856 |
| 3.00%, 02/15/30 | &nbsp;&nbsp; 40 | 38322 |
| 4.38%, 02/15/29 | &nbsp;&nbsp; 50 | 50408 |
| Digital Realty Trust LP |  |  |
| 3.60%, 07/01/29 | &nbsp;&nbsp; 70 | 69095 |
| 3.70%, 08/15/27 | &nbsp;&nbsp; 105 | 104613 |
| 4.45%, 07/15/28 | &nbsp;&nbsp; 65 | 65641 |
| DOC DR LLC |  |  |
| 2.63%, 11/01/31 | &nbsp;&nbsp; 70 | 63602 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 15 | 14983 |
| 4.30%, 03/15/27 | &nbsp;&nbsp; 25 | 25055 |
| EPR Properties |  |  |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 20 | 19507 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.95%, 04/15/28 | &nbsp;&nbsp; $35 | $35402 |
| Equinix Europe 2 Financing Corp. LLC, 5.50%, <br> 06/15/34<br>| &nbsp;&nbsp; 60 | 62627 |
| Equinix, Inc. |  |  |
| 1.55%, 03/15/28 | &nbsp;&nbsp; 60 | 57179 |
| 1.80%, 07/15/27 | &nbsp;&nbsp; 25 | 24283 |
| 2.00%, 05/15/28 | &nbsp;&nbsp; 50 | 47908 |
| 2.15%, 07/15/30 | &nbsp;&nbsp; 74 | 67696 |
| 2.50%, 05/15/31 | &nbsp;&nbsp; 60 | 54733 |
| 3.00%, 07/15/50 | &nbsp;&nbsp; 75 | 48522 |
| 3.20%, 11/18/29 | &nbsp;&nbsp; 100 | 96630 |
| 3.40%, 02/15/52 | &nbsp;&nbsp; 25 | 17291 |
| 3.90%, 04/15/32 | &nbsp;&nbsp; 60 | 58091 |
| ERP Operating LP |  |  |
| 2.50%, 02/15/30 | &nbsp;&nbsp; 65 | 61554 |
| 4.15%, 12/01/28 | &nbsp;&nbsp; 10 | 10067 |
| 4.50%, 07/01/44 | &nbsp;&nbsp; 110 | 100118 |
| 4.65%, 09/15/34 | &nbsp;&nbsp; 55 | 55050 |
| 4.95%, 06/15/32 | &nbsp;&nbsp; 105 | 108339 |
| Federal Realty OP LP |  |  |
| 3.20%, 06/15/29 | &nbsp;&nbsp; 35 | 34060 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 65 | 64394 |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 35 | 34007 |
| 4.50%, 12/01/44 | &nbsp;&nbsp; 45 | 39897 |
| Goodman U.S. Finance Three LLC, 3.70%, <br> 03/15/28<sup>(b)(c)</sup><br>| &nbsp;&nbsp; 60 | 59539 |
| Healthpeak OP LLC |  |  |
| 2.88%, 01/15/31 | &nbsp;&nbsp; 56 | 52449 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 75 | 71744 |
| 3.50%, 07/15/29 | &nbsp;&nbsp; 40 | 39217 |
| 5.25%, 12/15/32 | &nbsp;&nbsp; 60 | 61968 |
| 6.75%, 02/01/41 | &nbsp;&nbsp; 54 | 60060 |
| Highwoods Realty LP |  |  |
| 3.88%, 03/01/27 | &nbsp;&nbsp; 35 | 34845 |
| 4.20%, 04/15/29 | &nbsp;&nbsp; 10 | 9897 |
| 7.65%, 02/01/34 | &nbsp;&nbsp; 45 | 51273 |
| Host Hotels & Resorts LP |  |  |
| 5.50%, 04/15/35 | &nbsp;&nbsp; 70 | 71437 |
| 5.70%, 07/01/34 | &nbsp;&nbsp; 45 | 46825 |
| Series H, 3.38%, 12/15/29 | &nbsp;&nbsp; 22 | 21312 |
| Series I, 3.50%, 09/15/30 | &nbsp;&nbsp; 77 | 73842 |
| Series J, 2.90%, 12/15/31 | &nbsp;&nbsp; 20 | 18269 |
| Invitation Homes Operating Partnership LP |  |  |
| 2.30%, 11/15/28 | &nbsp;&nbsp; 45 | 42811 |
| 2.70%, 01/15/34 | &nbsp;&nbsp; 60 | 51524 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 95 | 92482 |
| 4.88%, 02/01/35 | &nbsp;&nbsp; 30 | 29721 |
| 5.45%, 08/15/30 | &nbsp;&nbsp; 35 | 36466 |
| 5.50%, 08/15/33 | &nbsp;&nbsp; 35 | 36155 |
| Iron Mountain Information Management Services, Inc., <br> 5.00%, 07/15/32<sup>(b)</sup><br>| &nbsp;&nbsp; 55 | 53254 |
| Iron Mountain, Inc. |  |  |
| 4.50%, 02/15/31<sup>(b)</sup> | &nbsp;&nbsp; 83 | 80078 |
| 4.88%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp; 57 | 56973 |
| 4.88%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp; 65 | 64384 |
| 5.00%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34918 |
| 5.25%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp; 60 | 59933 |
| 5.25%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 67 | 66654 |
| 5.63%, 07/15/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39901 |
| 6.25%, 01/15/33<sup>(b)</sup> | &nbsp;&nbsp; 55 | 56154 |
| 7.00%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 60 | 61586 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Kilroy Realty LP |  |  |
| 2.50%, 11/15/32 | &nbsp;&nbsp; $55 | $46170 |
| 2.65%, 11/15/33 | &nbsp;&nbsp; 45 | 36778 |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 30 | 27886 |
| 4.25%, 08/15/29 | &nbsp;&nbsp; 45 | 44210 |
| 4.75%, 12/15/28 | &nbsp;&nbsp; 60 | 60291 |
| 6.25%, 01/15/36 | &nbsp;&nbsp; 40 | 40795 |
| Kimco Realty OP LLC |  |  |
| 1.90%, 03/01/28 | &nbsp;&nbsp; 30 | 28911 |
| 2.25%, 12/01/31 | &nbsp;&nbsp; 40 | 36007 |
| 2.70%, 10/01/30 | &nbsp;&nbsp; 30 | 28444 |
| 3.20%, 04/01/32 | &nbsp;&nbsp; 50 | 46985 |
| 3.70%, 10/01/49 | &nbsp;&nbsp; 5 | 3828 |
| 3.80%, 04/01/27 | &nbsp;&nbsp; 65 | 65008 |
| 4.13%, 12/01/46 | &nbsp;&nbsp; 35 | 29671 |
| 4.25%, 04/01/45 | &nbsp;&nbsp; 30 | 25839 |
| 4.60%, 02/01/33 | &nbsp;&nbsp; 50 | 50454 |
| 4.85%, 03/01/35 | &nbsp;&nbsp; 50 | 50503 |
| 6.40%, 03/01/34 | &nbsp;&nbsp; 20 | 22256 |
| LXP Industrial Trust |  |  |
| 2.38%, 10/01/31 | &nbsp;&nbsp; 10 | 8872 |
| 2.70%, 09/15/30 | &nbsp;&nbsp; 30 | 27822 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |
| 3.50%, 03/15/31 | &nbsp;&nbsp; 75 | 57617 |
| 4.63%, 08/01/29 | &nbsp;&nbsp; 75 | 64762 |
| 5.00%, 10/15/27 | &nbsp;&nbsp; 95 | 93297 |
| 8.50%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 95 | 101689 |
| Omega Healthcare Investors, Inc. |  |  |
| 3.25%, 04/15/33<sup>(c)</sup> | &nbsp;&nbsp; 70 | 63191 |
| 3.38%, 02/01/31 | &nbsp;&nbsp; 77 | 72634 |
| 3.63%, 10/01/29 | &nbsp;&nbsp; 10 | 9743 |
| 4.50%, 04/01/27 | &nbsp;&nbsp; 5 | 5009 |
| 4.75%, 01/15/28 | &nbsp;&nbsp; 55 | 55533 |
| 5.20%, 07/01/30 | &nbsp;&nbsp; 40 | 40999 |
| Park Intermediate Holdings LLC/PK Domestic <br> Property LLC/PK Finance Co-Issuer<br>|  |  |
| 4.88%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp; 55 | 54041 |
| 5.88%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50001 |
| 7.00%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41430 |
| Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, <br> 10/15/29<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 25509 |
| Phillips Edison Grocery Center Operating Partnership <br> I LP<br>|  |  |
| 2.63%, 11/15/31 | &nbsp;&nbsp; 20 | 18160 |
| 4.95%, 01/15/35 | &nbsp;&nbsp; 40 | 40020 |
| 5.75%, 07/15/34 | &nbsp;&nbsp; 45 | 47641 |
| Piedmont Operating Partnership LP, 3.15%, 08/15/30 | &nbsp;&nbsp; 15 | 13921 |
| Prologis LP |  |  |
| 1.25%, 10/15/30 | &nbsp;&nbsp; 40 | 35378 |
| 1.63%, 03/15/31 | &nbsp;&nbsp; 85 | 75627 |
| 1.75%, 07/01/30 | &nbsp;&nbsp; 59 | 53649 |
| 1.75%, 02/01/31 | &nbsp;&nbsp; 10 | 8947 |
| 2.13%, 04/15/27 | &nbsp;&nbsp; 66 | 64823 |
| 2.13%, 10/15/50 | &nbsp;&nbsp; 42 | 23071 |
| 2.25%, 04/15/30 | &nbsp;&nbsp; 25 | 23408 |
| 2.88%, 11/15/29 | &nbsp;&nbsp; 104 | 100220 |
| 3.00%, 04/15/50 | &nbsp;&nbsp; 57 | 38137 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 35 | 23701 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 145 | 144066 |
| 3.88%, 09/15/28 | &nbsp;&nbsp; 55 | 55028 |
| 4.00%, 09/15/28 | &nbsp;&nbsp; 61 | 61205 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.38%, 02/01/29 | &nbsp;&nbsp; $5 | $5066 |
| 4.38%, 09/15/48 | &nbsp;&nbsp; 25 | 21355 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 65 | 65949 |
| 4.75%, 06/15/33 | &nbsp;&nbsp; 50 | 50910 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 95 | 97464 |
| 5.00%, 01/31/35 | &nbsp;&nbsp; 75 | 76656 |
| 5.13%, 01/15/34 | &nbsp;&nbsp; 70 | 72498 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 5 | 5202 |
| 5.25%, 06/15/53 | &nbsp;&nbsp; 65 | 62831 |
| 5.25%, 03/15/54 | &nbsp;&nbsp; 65 | 62606 |
| Public Storage Operating Co. |  |  |
| 1.85%, 05/01/28 | &nbsp;&nbsp; 120 | 115141 |
| 1.95%, 11/09/28 | &nbsp;&nbsp; 85 | 80999 |
| 2.30%, 05/01/31 | &nbsp;&nbsp; 140 | 128369 |
| 3.39%, 05/01/29 | &nbsp;&nbsp; 55 | 54291 |
| 4.38%, 07/01/30 | &nbsp;&nbsp; 10 | 10155 |
| 5.10%, 08/01/33 | &nbsp;&nbsp; 95 | 98991 |
| 5.35%, 08/01/53 | &nbsp;&nbsp; 65 | 63642 |
| Realty Income Corp. |  |  |
| 2.10%, 03/15/28 | &nbsp;&nbsp; 200 | 192993 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 205 | 196672 |
| 3.95%, 08/15/27 | &nbsp;&nbsp; 195 | 195301 |
| 5.13%, 04/15/35 | &nbsp;&nbsp; 200 | 205647 |
| 5.38%, 09/01/54 | &nbsp;&nbsp; 30 | 29393 |
| Regency Centers LP |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 65 | 62834 |
| 3.70%, 06/15/30 | &nbsp;&nbsp; 40 | 39490 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 15 | 15077 |
| 4.40%, 02/01/47 | &nbsp;&nbsp; 20 | 17415 |
| 4.65%, 03/15/49 | &nbsp;&nbsp; 35 | 31071 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 85 | 87483 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 5 | 5111 |
| Rexford Industrial Realty LP |  |  |
| 2.13%, 12/01/30 | &nbsp;&nbsp; 10 | 9058 |
| 2.15%, 09/01/31 | &nbsp;&nbsp; 15 | 13314 |
| 5.00%, 06/15/28 | &nbsp;&nbsp; 60 | 61027 |
| RHP Hotel Properties LP/RHP Finance Corp. |  |  |
| 4.50%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39455 |
| 4.75%, 10/15/27 | &nbsp;&nbsp; 15 | 14999 |
| 6.50%, 04/01/32<sup>(b)</sup> | &nbsp;&nbsp; 70 | 72517 |
| 6.50%, 06/15/33<sup>(b)</sup> | &nbsp;&nbsp; 60 | 62359 |
| 7.25%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp; 32 | 32875 |
| Sabra Health Care LP |  |  |
| 3.20%, 12/01/31 | &nbsp;&nbsp; 60 | 55497 |
| 3.90%, 10/15/29 | &nbsp;&nbsp; 25 | 24618 |
| SBA Communications Corp. |  |  |
| 3.13%, 02/01/29 | &nbsp;&nbsp; 105 | 101034 |
| 3.88%, 02/15/27 | &nbsp;&nbsp; 55 | 54656 |
| Scentre Group Trust 1/Scentre Group Trust 2 |  |  |
| 3.75%, 03/23/27<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39918 |
| 4.38%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp; 75 | 75983 |
| Scentre Group Trust 2, 5.13%, 09/24/80, (5-year CMT <br> + 4.69%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp; 40 | 40476 |
| Starwood Property Trust, Inc. |  |  |
| 4.38%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19858 |
| 6.00%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35805 |
| 6.50%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36407 |
| 6.50%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15638 |
| 7.25%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp; 55 | 57642 |
| Tanger Properties LP, 2.75%, 09/01/31 | &nbsp;&nbsp; 35 | 32018 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Ventas Realty LP |  |  |
| 2.50%, 09/01/31 | &nbsp;&nbsp; $25 | $22714 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 40 | 38301 |
| 3.85%, 04/01/27 | &nbsp;&nbsp; 47 | 46925 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 37 | 36995 |
| 4.38%, 02/01/45 | &nbsp;&nbsp; 30 | 25864 |
| 4.40%, 01/15/29 | &nbsp;&nbsp; 62 | 62594 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 17 | 17346 |
| 4.88%, 04/15/49 | &nbsp;&nbsp; 27 | 24169 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 35 | 35314 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 5 | 4996 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 25 | 25833 |
| 5.63%, 07/01/34 | &nbsp;&nbsp; 40 | 42095 |
| 5.70%, 09/30/43 | &nbsp;&nbsp; 25 | 25583 |
| WEA Finance LLC |  |  |
| 3.50%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 65 | 63369 |
| 4.13%, 09/20/28<sup>(b)</sup> | &nbsp;&nbsp; 35 | 34869 |
| 4.63%, 09/20/48<sup>(b)(c)</sup> | &nbsp;&nbsp; 45 | 37829 |
| WEA Finance LLC/Westfield U.K. & Europe Finance <br> PLC, 4.75%, 09/17/44<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | 17615 |
| Welltower OP LLC |  |  |
| 2.05%, 01/15/29 | &nbsp;&nbsp; 75 | 71299 |
| 2.75%, 01/15/31 | &nbsp;&nbsp; 85 | 79916 |
| 2.75%, 01/15/32 | &nbsp;&nbsp; 30 | 27668 |
| 2.80%, 06/01/31 | &nbsp;&nbsp; 50 | 46739 |
| 3.10%, 01/15/30 | &nbsp;&nbsp; 25 | 24170 |
| 3.85%, 06/15/32 | &nbsp;&nbsp; 100 | 97726 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 60 | 60335 |
| 4.25%, 04/15/28 | &nbsp;&nbsp; 35 | 35273 |
| 4.50%, 07/01/30 | &nbsp;&nbsp; 110 | 111928 |
| 4.95%, 09/01/48 | &nbsp;&nbsp; 35 | 33079 |
| 5.13%, 07/01/35 | &nbsp;&nbsp; 125 | 128770 |
| 6.50%, 03/15/41 | &nbsp;&nbsp; 30 | 34055 |
| WP Carey, Inc. |  |  |
| 2.25%, 04/01/33 | &nbsp;&nbsp; 25 | 21308 |
| 2.40%, 02/01/31 | &nbsp;&nbsp; 65 | 59276 |
| 2.45%, 02/01/32 | &nbsp;&nbsp; 40 | 35804 |
| 3.85%, 07/15/29 | &nbsp;&nbsp; 25 | 24811 |
| 5.38%, 06/30/34 | &nbsp;&nbsp; 5 | 5198 |
| XHR LP |  |  |
| 4.88%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39460 |
| 6.63%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25978 |
|  |  | 14826463 |
| **Retail — 1.3%** | **Retail — 1.3%** | **Retail — 1.3%** |
| Advance Auto Parts, Inc. |  |  |
| 1.75%, 10/01/27 | &nbsp;&nbsp; 37 | 35321 |
| 3.50%, 03/15/32 | &nbsp;&nbsp; 30 | 26560 |
| 3.90%, 04/15/30 | &nbsp;&nbsp; 32 | 29911 |
| 5.95%, 03/09/28 | &nbsp;&nbsp; 25 | 25706 |
| 7.00%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51263 |
| 7.38%, 08/01/33<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51235 |
| Asbury Automotive Group, Inc. |  |  |
| 4.50%, 03/01/28 | &nbsp;&nbsp; 25 | 24837 |
| 4.63%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 54 | 53199 |
| 4.75%, 03/01/30 | &nbsp;&nbsp; 35 | 34434 |
| 5.00%, 02/15/32<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38891 |
| AutoNation, Inc. |  |  |
| 2.40%, 08/01/31 | &nbsp;&nbsp; 85 | 76419 |
| 3.80%, 11/15/27 | &nbsp;&nbsp; 45 | 44830 |
| 4.75%, 06/01/30 | &nbsp;&nbsp; 10 | 10144 |
| 5.89%, 03/15/35 | &nbsp;&nbsp; 10 | 10431 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| AutoZone, Inc. |  |  |
| 3.75%, 06/01/27 | &nbsp;&nbsp; $40 | $39912 |
| 3.75%, 04/18/29 | &nbsp;&nbsp; 15 | 14885 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 25 | 24888 |
| 4.75%, 08/01/32 | &nbsp;&nbsp; 100 | 101486 |
| 4.75%, 02/01/33 | &nbsp;&nbsp; 20 | 20236 |
| 5.10%, 07/15/29 | &nbsp;&nbsp; 60 | 61866 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 35 | 36313 |
| 5.40%, 07/15/34 | &nbsp;&nbsp; 45 | 46989 |
| 6.25%, 11/01/28 | &nbsp;&nbsp; 75 | 79211 |
| 6.55%, 11/01/33 | &nbsp;&nbsp; 65 | 72628 |
| Bath & Body Works, Inc. |  |  |
| 5.25%, 02/01/28 | &nbsp;&nbsp; 65 | 65363 |
| 6.63%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 65 | 66462 |
| 7.50%, 06/15/29 | &nbsp;&nbsp; 25 | 25453 |
| 6.75%, 07/01/36 | &nbsp;&nbsp; 35 | 35077 |
| 6.88%, 11/01/35 | &nbsp;&nbsp; 60 | 61121 |
| 6.95%, 03/01/33 | &nbsp;&nbsp; 20 | 20016 |
| Best Buy Co., Inc. |  |  |
| 1.95%, 10/01/30 | &nbsp;&nbsp; 60 | 54236 |
| 4.45%, 10/01/28 | &nbsp;&nbsp; 55 | 55592 |
| BlueLinx Holdings, Inc., 6.00%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19756 |
| Brinker International, Inc., 8.25%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp; 25 | 26329 |
| Burger King (Restaurant Brands International, <br> Inc.)/New Red Finance, Inc.<br>|  |  |
| 3.50%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 50 | 48381 |
| 3.88%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 90 | 88876 |
| 4.00%, 10/15/30<sup>(b)</sup> | &nbsp;&nbsp; 180 | 173043 |
| 4.38%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49754 |
| 5.63%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30531 |
| 6.13%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp; 105 | 107968 |
| Carvana Co. |  |  |
| 9.00%, 06/01/30, (9.00 % Cash)<sup>(b)(e)</sup> | &nbsp;&nbsp; 107 | 110912 |
| 9.00%, 06/01/31, (9.00 % Cash)<sup>(b)(e)</sup> | &nbsp;&nbsp; 153 | 167848 |
| Darden Restaurants, Inc. |  |  |
| 3.85%, 05/01/27 | &nbsp;&nbsp; 70 | 69876 |
| 4.55%, 02/15/48 | &nbsp;&nbsp; 15 | 12608 |
| 6.30%, 10/10/33 | &nbsp;&nbsp; 65 | 71270 |
| Dick's Sporting Goods, Inc. |  |  |
| 3.15%, 01/15/32 | &nbsp;&nbsp; 75 | 69668 |
| 4.00%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19792 |
| 4.10%, 01/15/52 | &nbsp;&nbsp; 25 | 18213 |
| Dollar General Corp. |  |  |
| 3.50%, 04/03/30 | &nbsp;&nbsp; 60 | 58354 |
| 4.13%, 05/01/28 | &nbsp;&nbsp; 40 | 40135 |
| 4.13%, 04/03/50 | &nbsp;&nbsp; 55 | 43509 |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 65 | 66673 |
| 5.20%, 07/05/28 | &nbsp;&nbsp; 30 | 30778 |
| 5.45%, 07/05/33 | &nbsp;&nbsp; 95 | 99574 |
| Genuine Parts Co. |  |  |
| 1.88%, 11/01/30 | &nbsp;&nbsp; 45 | 39737 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 10 | 10129 |
| 6.50%, 11/01/28 | &nbsp;&nbsp; 70 | 73461 |
| 6.88%, 11/01/33<sup>(c)</sup> | &nbsp;&nbsp; 55 | 60729 |
| Group 1 Automotive, Inc. |  |  |
| 4.00%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp; 56 | 54907 |
| 6.38%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35871 |
| Home Depot, Inc.(The) |  |  |
| 0.90%, 03/15/28 | &nbsp;&nbsp; 110 | 104214 |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 155 | 136494 |
| 1.50%, 09/15/28 | &nbsp;&nbsp; 85 | 80639 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 1.88%, 09/15/31 | &nbsp;&nbsp; $140 | $124988 |
| 2.38%, 03/15/51 | &nbsp;&nbsp; 70 | 40659 |
| 2.50%, 04/15/27 | &nbsp;&nbsp; 60 | 59253 |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 214 | 204426 |
| 2.75%, 09/15/51 | &nbsp;&nbsp; 65 | 40863 |
| 2.80%, 09/14/27 | &nbsp;&nbsp; 70 | 69166 |
| 2.88%, 04/15/27 | &nbsp;&nbsp; 120 | 118964 |
| 2.95%, 06/15/29 | &nbsp;&nbsp; 150 | 146049 |
| 3.13%, 12/15/49 | &nbsp;&nbsp; 70 | 48378 |
| 3.25%, 04/15/32 | &nbsp;&nbsp; 50 | 47709 |
| 3.30%, 04/15/40 | &nbsp;&nbsp; 120 | 99466 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 120 | 85982 |
| 3.50%, 09/15/56 | &nbsp;&nbsp; 55 | 38960 |
| 3.63%, 04/15/52 | &nbsp;&nbsp; 100 | 74196 |
| 3.90%, 12/06/28 | &nbsp;&nbsp; 85 | 85437 |
| 3.90%, 06/15/47 | &nbsp;&nbsp; 110 | 88594 |
| 4.20%, 04/01/43 | &nbsp;&nbsp; 70 | 61642 |
| 4.25%, 04/01/46 | &nbsp;&nbsp; 135 | 116049 |
| 4.40%, 03/15/45 | &nbsp;&nbsp; 70 | 61885 |
| 4.50%, 09/15/32 | &nbsp;&nbsp; 55 | 56106 |
| 4.50%, 12/06/48 | &nbsp;&nbsp; 115 | 100539 |
| 4.75%, 06/25/29 | &nbsp;&nbsp; 100 | 102955 |
| 4.88%, 06/25/27 | &nbsp;&nbsp; 130 | 131948 |
| 4.88%, 02/15/44 | &nbsp;&nbsp; 65 | 61661 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 15 | 15482 |
| 4.95%, 06/25/34 | &nbsp;&nbsp; 135 | 139436 |
| 4.95%, 09/15/52 | &nbsp;&nbsp; 35 | 32289 |
| 5.30%, 06/25/54 | &nbsp;&nbsp; 100 | 97083 |
| 5.40%, 09/15/40 | &nbsp;&nbsp; 70 | 72627 |
| 5.40%, 06/25/64 | &nbsp;&nbsp; 45 | 43700 |
| 5.88%, 12/16/36 | &nbsp;&nbsp; 169 | 184615 |
| 5.95%, 04/01/41 | &nbsp;&nbsp; 70 | 76279 |
| Lithia Motors, Inc. |  |  |
| 3.88%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp; 55 | 53160 |
| 4.38%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38360 |
| 4.63%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp; 27 | 26952 |
| 5.50%, 10/01/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15080 |
| Lowe's Companies, Inc. |  |  |
| 1.30%, 04/15/28 | &nbsp;&nbsp; 120 | 113772 |
| 1.70%, 09/15/28 | &nbsp;&nbsp; 65 | 61558 |
| 1.70%, 10/15/30 | &nbsp;&nbsp; 100 | 89835 |
| 2.63%, 04/01/31 | &nbsp;&nbsp; 95 | 88106 |
| 2.80%, 09/15/41 | &nbsp;&nbsp; 55 | 40354 |
| 3.00%, 10/15/50 | &nbsp;&nbsp; 130 | 84294 |
| 3.10%, 05/03/27 | &nbsp;&nbsp; 90 | 89187 |
| 3.35%, 04/01/27 | &nbsp;&nbsp; 35 | 34800 |
| 3.50%, 04/01/51 | &nbsp;&nbsp; 45 | 31957 |
| 3.65%, 04/05/29 | &nbsp;&nbsp; 110 | 109063 |
| 3.70%, 04/15/46 | &nbsp;&nbsp; 105 | 81048 |
| 3.75%, 04/01/32 | &nbsp;&nbsp; 125 | 121014 |
| 4.05%, 05/03/47 | &nbsp;&nbsp; 105 | 84439 |
| 4.25%, 04/01/52 | &nbsp;&nbsp; 75 | 59991 |
| 4.38%, 09/15/45 | &nbsp;&nbsp; 25 | 21328 |
| 4.45%, 04/01/62 | &nbsp;&nbsp; 90 | 71317 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 100 | 101668 |
| 4.55%, 04/05/49 | &nbsp;&nbsp; 25 | 21356 |
| 4.65%, 04/15/42 | &nbsp;&nbsp; 50 | 46293 |
| 5.00%, 04/15/33 | &nbsp;&nbsp; 20 | 20628 |
| 5.00%, 04/15/40 | &nbsp;&nbsp; 35 | 34459 |
| 5.13%, 04/15/50 | &nbsp;&nbsp; 35 | 32137 |
| 5.15%, 07/01/33 | &nbsp;&nbsp; 130 | 134975 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 5.50%, 10/15/35 | &nbsp;&nbsp; $70 | $73740 |
| 5.63%, 04/15/53 | &nbsp;&nbsp; 85 | 83653 |
| 5.75%, 07/01/53 | &nbsp;&nbsp; 40 | 40077 |
| 5.80%, 09/15/62 | &nbsp;&nbsp; 60 | 59446 |
| 5.85%, 04/01/63 | &nbsp;&nbsp; 20 | 19935 |
| 6.50%, 03/15/29 | &nbsp;&nbsp; 5 | 5368 |
| Lowe's Cos., Inc. |  |  |
| 3.95%, 10/15/27 | &nbsp;&nbsp; 95 | 95302 |
| 4.85%, 10/15/35 | &nbsp;&nbsp; 120 | 119857 |
| O'Reilly Automotive, Inc. |  |  |
| 3.90%, 06/01/29 | &nbsp;&nbsp; 100 | 99712 |
| 4.70%, 06/15/32 | &nbsp;&nbsp; 105 | 106746 |
| 5.00%, 08/19/34 | &nbsp;&nbsp; 10 | 10161 |
| Papa John's International, Inc., 3.88%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28446 |
| QXO Building Products, Inc., 6.75%, 04/30/32<sup>(b)</sup> | &nbsp;&nbsp; 150 | 155456 |
| Sally Holdings LLC/Sally Capital, Inc., 6.75%, <br> 03/01/32<sup>(c)</sup><br>| &nbsp;&nbsp; 40 | 41526 |
| Sonic Automotive, Inc. |  |  |
| 4.63%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49121 |
| 4.88%, 11/15/31<sup>(b)</sup> | &nbsp;&nbsp; 35 | 33767 |
| TJX Companies, Inc.(The) |  |  |
| 1.15%, 05/15/28 | &nbsp;&nbsp; 70 | 66183 |
| 4.50%, 04/15/50 | &nbsp;&nbsp; 40 | 35298 |
| Tractor Supply Co. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 15 | 13431 |
| 5.25%, 05/15/33 | &nbsp;&nbsp; 60 | 62318 |
| Victoria's Secret & Co., 4.63%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39011 |
|  |  | 9088015 |
| **Semiconductors — 1.8%** | **Semiconductors — 1.8%** | **Semiconductors — 1.8%** |
| Advanced Micro Devices, Inc. |  |  |
| 3.92%, 06/01/32 | &nbsp;&nbsp; 30 | 29717 |
| 4.32%, 03/24/28 | &nbsp;&nbsp; 10 | 10118 |
| 4.39%, 06/01/52 | &nbsp;&nbsp; 25 | 21376 |
| Analog Devices, Inc. |  |  |
| 1.70%, 10/01/28 | &nbsp;&nbsp; 75 | 71205 |
| 2.10%, 10/01/31 | &nbsp;&nbsp; 60 | 54019 |
| 2.80%, 10/01/41 | &nbsp;&nbsp; 70 | 52560 |
| 2.95%, 10/01/51 | &nbsp;&nbsp; 63 | 41656 |
| 4.25%, 06/15/28 | &nbsp;&nbsp; 55 | 55603 |
| 4.50%, 06/15/30 | &nbsp;&nbsp; 10 | 10221 |
| 5.05%, 04/01/34 | &nbsp;&nbsp; 45 | 47089 |
| Applied Materials, Inc. |  |  |
| 1.75%, 06/01/30 | &nbsp;&nbsp; 85 | 77523 |
| 2.75%, 06/01/50 | &nbsp;&nbsp; 75 | 49596 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 37 | 36853 |
| 4.35%, 04/01/47 | &nbsp;&nbsp; 72 | 63680 |
| 5.10%, 10/01/35 | &nbsp;&nbsp; 55 | 57206 |
| 5.85%, 06/15/41 | &nbsp;&nbsp; 59 | 63884 |
| Broadcom Corp./Broadcom Cayman Finance Ltd., <br> 3.50%, 01/15/28<br>| &nbsp;&nbsp; 75 | 74679 |
| Broadcom, Inc. |  |  |
| 1.95%, 02/15/28 | &nbsp;&nbsp; 90 | 86969 |
| 2.45%, 02/15/31 | &nbsp;&nbsp; 220 | 203334 |
| 2.60%, 02/15/33 | &nbsp;&nbsp; 110 | 97925 |
| 3.14%, 11/15/35<sup>(b)</sup> | &nbsp;&nbsp; 250 | 218392 |
| 3.19%, 11/15/36<sup>(b)</sup> | &nbsp;&nbsp; 200 | 172459 |
| 3.42%, 04/15/33 | &nbsp;&nbsp; 183 | 171291 |
| 3.47%, 04/15/34 | &nbsp;&nbsp; 245 | 226373 |
| 3.50%, 02/15/41 | &nbsp;&nbsp; 240 | 198931 |
| 3.75%, 02/15/51 | &nbsp;&nbsp; 135 | 104147 |
| 4.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp; 80 | 80173 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 4.15%, 11/15/30 | &nbsp;&nbsp; $100 | $100346 |
| 4.15%, 04/15/32<sup>(b)</sup> | &nbsp;&nbsp; 105 | 103855 |
| 4.20%, 10/15/30 | &nbsp;&nbsp; 100 | 100486 |
| 4.30%, 11/15/32 | &nbsp;&nbsp; 155 | 154460 |
| 4.35%, 02/15/30 | &nbsp;&nbsp; 10 | 10123 |
| 4.55%, 02/15/32 | &nbsp;&nbsp; 35 | 35441 |
| 4.60%, 07/15/30 | &nbsp;&nbsp; 100 | 102167 |
| 4.75%, 04/15/29 | &nbsp;&nbsp; 80 | 81831 |
| 4.80%, 04/15/28 | &nbsp;&nbsp; 110 | 112216 |
| 4.80%, 10/15/34 | &nbsp;&nbsp; 140 | 141419 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 20 | 20052 |
| 4.90%, 07/15/32 | &nbsp;&nbsp; 120 | 123555 |
| 4.93%, 05/15/37<sup>(b)</sup> | &nbsp;&nbsp; 180 | 179934 |
| 5.00%, 04/15/30 | &nbsp;&nbsp; 40 | 41341 |
| 5.05%, 07/12/27 | &nbsp;&nbsp; 37 | 37616 |
| 5.05%, 07/12/29 | &nbsp;&nbsp; 180 | 186121 |
| 5.05%, 04/15/30 | &nbsp;&nbsp; 20 | 20730 |
| 5.15%, 11/15/31 | &nbsp;&nbsp; 105 | 109926 |
| 5.20%, 04/15/32 | &nbsp;&nbsp; 115 | 120152 |
| 5.20%, 07/15/35 | &nbsp;&nbsp; 140 | 144695 |
| 5.70%, 01/15/56 | &nbsp;&nbsp; 100 | 102761 |
| Intel Corp. |  |  |
| 2.00%, 08/12/31 | &nbsp;&nbsp; 50 | 44296 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 135 | 127265 |
| 3.05%, 08/12/51 | &nbsp;&nbsp; 30 | 18839 |
| 3.10%, 02/15/60 | &nbsp;&nbsp; 55 | 31429 |
| 3.15%, 05/11/27 | &nbsp;&nbsp; 50 | 49509 |
| 3.20%, 08/12/61 | &nbsp;&nbsp; 40 | 23162 |
| 3.25%, 11/15/49 | &nbsp;&nbsp; 230 | 150433 |
| 3.73%, 12/08/47 | &nbsp;&nbsp; 170 | 122865 |
| 3.90%, 03/25/30 | &nbsp;&nbsp; 170 | 167963 |
| 4.00%, 08/05/29 | &nbsp;&nbsp; 95 | 94742 |
| 4.10%, 05/11/47 | &nbsp;&nbsp; 100 | 77108 |
| 4.15%, 08/05/32 | &nbsp;&nbsp; 160 | 156401 |
| 4.60%, 03/25/40 | &nbsp;&nbsp; 50 | 45435 |
| 4.75%, 03/25/50 | &nbsp;&nbsp; 65 | 54107 |
| 4.88%, 02/10/28 | &nbsp;&nbsp; 125 | 126965 |
| 4.90%, 08/05/52 | &nbsp;&nbsp; 45 | 37963 |
| 4.95%, 03/25/60 | &nbsp;&nbsp; 65 | 53835 |
| 5.05%, 08/05/62 | &nbsp;&nbsp; 35 | 29094 |
| 5.13%, 02/10/30 | &nbsp;&nbsp; 140 | 144362 |
| 5.15%, 02/21/34 | &nbsp;&nbsp; 75 | 76569 |
| 5.20%, 02/10/33 | &nbsp;&nbsp; 180 | 185395 |
| 5.60%, 02/21/54 | &nbsp;&nbsp; 130 | 122472 |
| 5.63%, 02/10/43 | &nbsp;&nbsp; 180 | 176555 |
| 5.70%, 02/10/53 | &nbsp;&nbsp; 220 | 208702 |
| 5.90%, 02/10/63 | &nbsp;&nbsp; 85 | 81579 |
| KLA Corp. |  |  |
| 3.30%, 03/01/50 | &nbsp;&nbsp; 95 | 67411 |
| 4.10%, 03/15/29 | &nbsp;&nbsp; 65 | 65372 |
| 4.65%, 07/15/32 | &nbsp;&nbsp; 80 | 81967 |
| 4.70%, 02/01/34 | &nbsp;&nbsp; 100 | 101388 |
| 4.95%, 07/15/52 | &nbsp;&nbsp; 100 | 92629 |
| 5.25%, 07/15/62 | &nbsp;&nbsp; 70 | 65957 |
| Lam Research Corp. |  |  |
| 1.90%, 06/15/30 | &nbsp;&nbsp; 90 | 82615 |
| 2.88%, 06/15/50 | &nbsp;&nbsp; 35 | 23055 |
| 3.13%, 06/15/60 | &nbsp;&nbsp; 44 | 27846 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 103 | 103456 |
| 4.88%, 03/15/49 | &nbsp;&nbsp; 65 | 60520 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| Marvell Technology, Inc. |  |  |
| 2.45%, 04/15/28 | &nbsp;&nbsp; $37 | $35818 |
| 2.95%, 04/15/31 | &nbsp;&nbsp; 75 | 70096 |
| 4.75%, 07/15/30 | &nbsp;&nbsp; 60 | 61172 |
| 4.88%, 06/22/28 | &nbsp;&nbsp; 80 | 81467 |
| 5.75%, 02/15/29 | &nbsp;&nbsp; 15 | 15665 |
| 5.95%, 09/15/33 | &nbsp;&nbsp; 20 | 21467 |
| Microchip Technology, Inc. |  |  |
| 4.90%, 03/15/28 | &nbsp;&nbsp; 135 | 137232 |
| 5.05%, 03/15/29 | &nbsp;&nbsp; 55 | 56467 |
| 5.05%, 02/15/30 | &nbsp;&nbsp; 45 | 46206 |
| Micron Technology, Inc. |  |  |
| 2.70%, 04/15/32 | &nbsp;&nbsp; 55 | 50272 |
| 3.37%, 11/01/41 | &nbsp;&nbsp; 80 | 63541 |
| 5.30%, 01/15/31 | &nbsp;&nbsp; 35 | 36764 |
| 5.65%, 11/01/32 | &nbsp;&nbsp; 55 | 58629 |
| 5.80%, 01/15/35 | &nbsp;&nbsp; 40 | 42830 |
| 5.88%, 02/09/33 | &nbsp;&nbsp; 75 | 80655 |
| 5.88%, 09/15/33 | &nbsp;&nbsp; 65 | 69820 |
| 6.05%, 11/01/35 | &nbsp;&nbsp; 80 | 86969 |
| NVIDIA Corp. |  |  |
| 1.55%, 06/15/28 | &nbsp;&nbsp; 75 | 71601 |
| 2.00%, 06/15/31 | &nbsp;&nbsp; 85 | 77378 |
| 2.85%, 04/01/30 | &nbsp;&nbsp; 96 | 92341 |
| 3.50%, 04/01/40 | &nbsp;&nbsp; 99 | 85427 |
| 3.50%, 04/01/50 | &nbsp;&nbsp; 140 | 106662 |
| 3.70%, 04/01/60 | &nbsp;&nbsp; 42 | 31448 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 | &nbsp;&nbsp; 60 | 62079 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 2.50%, 05/11/31 | &nbsp;&nbsp; 80 | 73252 |
| 2.65%, 02/15/32 | &nbsp;&nbsp; 85 | 76706 |
| 3.13%, 02/15/42 | &nbsp;&nbsp; 45 | 33506 |
| 3.15%, 05/01/27 | &nbsp;&nbsp; 72 | 71352 |
| 3.25%, 05/11/41 | &nbsp;&nbsp; 80 | 61590 |
| 3.25%, 11/30/51 | &nbsp;&nbsp; 20 | 13414 |
| 3.40%, 05/01/30 | &nbsp;&nbsp; 39 | 37788 |
| 4.30%, 08/19/28 | &nbsp;&nbsp; 15 | 15094 |
| 4.30%, 06/18/29 | &nbsp;&nbsp; 100 | 100591 |
| 4.40%, 06/01/27 | &nbsp;&nbsp; 5 | 5025 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 45 | 45942 |
| 5.25%, 08/19/35<sup>(c)</sup> | &nbsp;&nbsp; 100 | 102139 |
| ON Semiconductor Corp., 3.88%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp; 40 | 39155 |
| Qorvo, Inc. |  |  |
| 3.38%, 04/01/31<sup>(b)</sup> | &nbsp;&nbsp; 30 | 27645 |
| 4.38%, 10/15/29 | &nbsp;&nbsp; 74 | 72857 |
| QUALCOMM, Inc. |  |  |
| 1.30%, 05/20/28 | &nbsp;&nbsp; 60 | 56953 |
| 1.65%, 05/20/32 | &nbsp;&nbsp; 85 | 73481 |
| 2.15%, 05/20/30 | &nbsp;&nbsp; 40 | 37262 |
| 3.25%, 05/20/27<sup>(c)</sup> | &nbsp;&nbsp; 90 | 89559 |
| 3.25%, 05/20/50 | &nbsp;&nbsp; 60 | 41867 |
| 4.25%, 05/20/32 | &nbsp;&nbsp; 10 | 10071 |
| 4.30%, 05/20/47 | &nbsp;&nbsp; 140 | 118652 |
| 4.50%, 05/20/30 | &nbsp;&nbsp; 5 | 5098 |
| 4.50%, 05/20/52 | &nbsp;&nbsp; 85 | 71901 |
| 4.65%, 05/20/35 | &nbsp;&nbsp; 65 | 65676 |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 105 | 107859 |
| 4.80%, 05/20/45 | &nbsp;&nbsp; 45 | 41461 |
| 5.40%, 05/20/33 | &nbsp;&nbsp; 75 | 79816 |
| 6.00%, 05/20/53 | &nbsp;&nbsp; 85 | 89866 |
| SK Hynix, Inc., 2.38%, 01/19/31<sup>(d)</sup> | &nbsp;&nbsp; 200 | 185612 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| Skyworks Solutions, Inc., 3.00%, 06/01/31 | &nbsp;&nbsp; $57 | $51893 |
| Texas Instruments, Inc. |  |  |
| 1.75%, 05/04/30 | &nbsp;&nbsp; 85 | 78057 |
| 1.90%, 09/15/31 | &nbsp;&nbsp; 30 | 26939 |
| 2.25%, 09/04/29 | &nbsp;&nbsp; 40 | 38043 |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 40 | 24974 |
| 2.90%, 11/03/27 | &nbsp;&nbsp; 57 | 56390 |
| 3.65%, 08/16/32 | &nbsp;&nbsp; 30 | 29153 |
| 3.88%, 03/15/39 | &nbsp;&nbsp; 70 | 63306 |
| 4.10%, 08/16/52 | &nbsp;&nbsp; 20 | 16204 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 104 | 87186 |
| 4.50%, 05/23/30 | &nbsp;&nbsp; 60 | 61250 |
| 4.60%, 02/15/28 | &nbsp;&nbsp; 50 | 50846 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 75 | 77426 |
| 5.00%, 03/14/53 | &nbsp;&nbsp; 35 | 32709 |
| 5.05%, 05/18/63 | &nbsp;&nbsp; 75 | 68577 |
| 5.15%, 02/08/54 | &nbsp;&nbsp; 55 | 52893 |
| TSMC Arizona Corp. |  |  |
| 2.50%, 10/25/31 | &nbsp;&nbsp; 200 | 184930 |
| 4.50%, 04/22/52 | &nbsp;&nbsp; 325 | 315049 |
| TSMC Global Ltd. |  |  |
| 1.00%, 09/28/27<sup>(d)</sup> | &nbsp;&nbsp; 200 | 191416 |
| 1.38%, 09/28/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 178751 |
| Xilinx, Inc., 2.38%, 06/01/30 | &nbsp;&nbsp; 106 | 99431 |
|  |  | 12764086 |
| **Software — 1.6%** | **Software — 1.6%** | **Software — 1.6%** |
| Adobe, Inc. |  |  |
| 2.30%, 02/01/30 | &nbsp;&nbsp; 61 | 57189 |
| 4.75%, 01/17/28 | &nbsp;&nbsp; 50 | 50983 |
| 4.80%, 04/04/29 | &nbsp;&nbsp; 50 | 51324 |
| 4.85%, 04/04/27 | &nbsp;&nbsp; 5 | 5057 |
| 4.95%, 04/04/34 | &nbsp;&nbsp; 60 | 61312 |
| Atlassian Corp., 5.25%, 05/15/29 | &nbsp;&nbsp; 50 | 50869 |
| Autodesk, Inc. |  |  |
| 2.40%, 12/15/31 | &nbsp;&nbsp; 100 | 89559 |
| 2.85%, 01/15/30 | &nbsp;&nbsp; 90 | 85745 |
| 3.50%, 06/15/27 | &nbsp;&nbsp; 52 | 51689 |
| Broadridge Financial Solutions, Inc. |  |  |
| 2.60%, 05/01/31 | &nbsp;&nbsp; 85 | 77050 |
| 2.90%, 12/01/29 | &nbsp;&nbsp; 85 | 80481 |
| Cadence Design Systems, Inc., 4.70%, 09/10/34 | &nbsp;&nbsp; 95 | 95725 |
| Concentrix Corp. |  |  |
| 6.60%, 08/02/28<sup>(c)</sup> | &nbsp;&nbsp; 60 | 60213 |
| 6.85%, 08/02/33<sup>(c)</sup> | &nbsp;&nbsp; 45 | 43345 |
| Constellation Software, Inc./Canada, 5.46%, <br> 02/16/34<sup>(b)</sup><br>| &nbsp;&nbsp; 40 | 39860 |
| Elastic NV, 4.13%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 37873 |
| Fair Isaac Corp. |  |  |
| 4.00%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp; 70 | 68534 |
| 6.00%, 05/15/33<sup>(b)</sup> | &nbsp;&nbsp; 100 | 101072 |
| Fidelity National Information Services, Inc. |  |  |
| 1.65%, 03/01/28 | &nbsp;&nbsp; 65 | 62013 |
| 2.25%, 03/01/31 | &nbsp;&nbsp; 40 | 36028 |
| 3.10%, 03/01/41 | &nbsp;&nbsp; 61 | 45007 |
| 4.50%, 08/15/46 | &nbsp;&nbsp; 30 | 25391 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 60 | 60958 |
| Fiserv, Inc. |  |  |
| 2.25%, 06/01/27 | &nbsp;&nbsp; 115 | 112338 |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 104 | 96488 |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 240 | 233157 |
| 4.20%, 10/01/28 | &nbsp;&nbsp; 65 | 65011 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 4.40%, 07/01/49 | &nbsp;&nbsp; $152 | $120351 |
| 5.15%, 08/12/34 | &nbsp;&nbsp; 85 | 84651 |
| 5.25%, 08/11/35<sup>(c)</sup> | &nbsp;&nbsp; 80 | 80006 |
| 5.35%, 03/15/31 | &nbsp;&nbsp; 15 | 15448 |
| 5.45%, 03/02/28 | &nbsp;&nbsp; 110 | 112535 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 75 | 76452 |
| 5.63%, 08/21/33 | &nbsp;&nbsp; 125 | 129405 |
| Intuit, Inc. |  |  |
| 1.35%, 07/15/27 | &nbsp;&nbsp; 42 | 40656 |
| 1.65%, 07/15/30 | &nbsp;&nbsp; 47 | 42428 |
| 5.13%, 09/15/28 | &nbsp;&nbsp; 70 | 72032 |
| 5.20%, 09/15/33 | &nbsp;&nbsp; 70 | 72426 |
| 5.50%, 09/15/53 | &nbsp;&nbsp; 95 | 89886 |
| Open Text Corp. |  |  |
| 3.88%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp; 65 | 62009 |
| 3.88%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp; 75 | 67500 |
| 6.90%, 12/01/27<sup>(b)</sup> | &nbsp;&nbsp; 60 | 61649 |
| Open Text Holdings, Inc. |  |  |
| 4.13%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp; 60 | 54070 |
| 4.13%, 12/01/31<sup>(b)(c)</sup> | &nbsp;&nbsp; 47 | 40927 |
| Oracle Corp. |  |  |
| 2.30%, 03/25/28 | &nbsp;&nbsp; 500 | 479323 |
| 2.88%, 03/25/31 | &nbsp;&nbsp; 500 | 454474 |
| 2.95%, 04/01/30 | &nbsp;&nbsp; 535 | 497697 |
| 3.25%, 11/15/27 | &nbsp;&nbsp; 210 | 206281 |
| 3.60%, 04/01/40 | &nbsp;&nbsp; 505 | 379123 |
| 3.60%, 04/01/50 | &nbsp;&nbsp; 400 | 250120 |
| 3.80%, 11/15/37 | &nbsp;&nbsp; 50 | 41165 |
| 3.85%, 04/01/60 | &nbsp;&nbsp; 110 | 66900 |
| 3.95%, 03/25/51 | &nbsp;&nbsp; 1000 | 660811 |
| 4.13%, 05/15/45 | &nbsp;&nbsp; 410 | 296339 |
| 4.38%, 05/15/55 | &nbsp;&nbsp; 800 | 553451 |
| 4.70%, 09/27/34 | &nbsp;&nbsp; 5 | 4697 |
| 4.80%, 09/26/32 | &nbsp;&nbsp; 800 | 781988 |
| 5.20%, 09/26/35 | &nbsp;&nbsp; 800 | 773137 |
| 5.38%, 07/15/40 | &nbsp;&nbsp; 10 | 9141 |
| 5.50%, 08/03/35 | &nbsp;&nbsp; 65 | 64219 |
| 5.55%, 02/06/53 | &nbsp;&nbsp; 100 | 83477 |
| 5.70%, 02/04/36 | &nbsp;&nbsp; 300 | 300099 |
| 5.95%, 09/26/55 | &nbsp;&nbsp; 70 | 61553 |
| 6.10%, 09/26/65 | &nbsp;&nbsp; 405 | 350754 |
| 6.85%, 02/04/66 | &nbsp;&nbsp; 100 | 95898 |
| Paychex, Inc. |  |  |
| 5.10%, 04/15/30 | &nbsp;&nbsp; 100 | 102127 |
| 5.35%, 04/15/32 | &nbsp;&nbsp; 30 | 30760 |
| 5.60%, 04/15/35<sup>(c)</sup> | &nbsp;&nbsp; 100 | 102474 |
| PTC, Inc., 4.00%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29455 |
| RingCentral, Inc., 8.50%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31449 |
| Roper Technologies, Inc. |  |  |
| 1.40%, 09/15/27 | &nbsp;&nbsp; 55 | 52926 |
| 1.75%, 02/15/31 | &nbsp;&nbsp; 71 | 62384 |
| 2.00%, 06/30/30 | &nbsp;&nbsp; 70 | 63539 |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 55 | 52699 |
| 4.20%, 09/15/28 | &nbsp;&nbsp; 55 | 55114 |
| 4.25%, 09/15/28 | &nbsp;&nbsp; 10 | 10039 |
| 4.90%, 10/15/34 | &nbsp;&nbsp; 75 | 74409 |
| ServiceNow, Inc., 1.40%, 09/01/30 | &nbsp;&nbsp; 150 | 132856 |
| Synopsys, Inc. |  |  |
| 4.55%, 04/01/27 | &nbsp;&nbsp; 100 | 100760 |
| 4.65%, 04/01/28 | &nbsp;&nbsp; 100 | 101276 |
| 4.85%, 04/01/30 | &nbsp;&nbsp; 140 | 143384 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 5.00%, 04/01/32 | &nbsp;&nbsp; $35 | $36084 |
| 5.15%, 04/01/35 | &nbsp;&nbsp; 145 | 148070 |
| 5.70%, 04/01/55 | &nbsp;&nbsp; 120 | 119919 |
| Twilio, Inc. |  |  |
| 3.63%, 03/15/29 | &nbsp;&nbsp; 35 | 33667 |
| 3.88%, 03/15/31 | &nbsp;&nbsp; 35 | 33053 |
| VMware LLC, 2.20%, 08/15/31 | &nbsp;&nbsp; 125 | 111973 |
| Workday, Inc. |  |  |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 80 | 79584 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 35 | 34419 |
| 3.80%, 04/01/32 | &nbsp;&nbsp; 125 | 118680 |
| ZoomInfo Technologies LLC/ZoomInfo Finance Corp., <br> 3.88%, 02/01/29<sup>(b)</sup><br>| &nbsp;&nbsp; 40 | 34508 |
|  |  | 11372957 |
| **Telecommunications — 2.3%** | **Telecommunications — 2.3%** | **Telecommunications — 2.3%** |
| America Movil SAB de CV |  |  |
| 2.88%, 05/07/30 | &nbsp;&nbsp; 10 | 9499 |
| 4.38%, 07/16/42 | &nbsp;&nbsp; 30 | 26779 |
| 4.38%, 04/22/49 | &nbsp;&nbsp; 75 | 64197 |
| 5.00%, 01/20/33 | &nbsp;&nbsp; 200 | 206461 |
| 6.13%, 03/30/40 | &nbsp;&nbsp; 195 | 212075 |
| 6.38%, 03/01/35 | &nbsp;&nbsp; 90 | 100878 |
| AT&T, Inc. |  |  |
| 1.65%, 02/01/28 | &nbsp;&nbsp; 700 | 671164 |
| 2.30%, 06/01/27 | &nbsp;&nbsp; 200 | 196178 |
| 2.75%, 06/01/31 | &nbsp;&nbsp; 220 | 204922 |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 800 | 641986 |
| 3.50%, 09/15/53 | &nbsp;&nbsp; 1500 | 1021027 |
| 3.55%, 09/15/55 | &nbsp;&nbsp; 100 | 67625 |
| 3.65%, 09/15/59 | &nbsp;&nbsp; 1000 | 672486 |
| 4.30%, 02/15/30 | &nbsp;&nbsp; 525 | 529518 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 510 | 497266 |
| 4.75%, 05/15/46 | &nbsp;&nbsp; 615 | 539932 |
| 4.90%, 11/01/35 | &nbsp;&nbsp; 15 | 15033 |
| 5.38%, 08/15/35 | &nbsp;&nbsp; 70 | 72648 |
| 5.40%, 02/15/34 | &nbsp;&nbsp; 10 | 10476 |
| 5.70%, 11/01/54 | &nbsp;&nbsp; 15 | 14555 |
| 6.00%, 08/15/40 | &nbsp;&nbsp; 5 | 5297 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 3.65%, 08/15/52 | &nbsp;&nbsp; 45 | 32708 |
| 4.30%, 07/29/49 | &nbsp;&nbsp; 40 | 32886 |
| 4.46%, 04/01/48 | &nbsp;&nbsp; 90 | 76109 |
| 5.10%, 05/11/33 | &nbsp;&nbsp; 80 | 82226 |
| 5.20%, 02/15/34 | &nbsp;&nbsp; 10 | 10290 |
| 5.55%, 02/15/54<sup>(c)</sup> | &nbsp;&nbsp; 40 | 39189 |
| 6.88%, 09/15/55, (5-year CMT + 2.39%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 78411 |
| 7.00%, 09/15/55, (5-year CMT + 2.36%)<sup>(a)</sup> | &nbsp;&nbsp; 80 | 84684 |
| Series US-4, 3.65%, 03/17/51 | &nbsp;&nbsp; 45 | 33279 |
| Series US-5, 2.15%, 02/15/32 | &nbsp;&nbsp; 5 | 4405 |
| Ciena Corp., 4.00%, 01/31/30<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29001 |
| Connect Finco SARL/Connect U.S. Finco LLC, 9.00%, <br> 09/15/29<sup>(b)</sup><br>| &nbsp;&nbsp; 135 | 143225 |
| Corning, Inc. |  |  |
| 3.90%, 11/15/49 | &nbsp;&nbsp; 27 | 21421 |
| 4.38%, 11/15/57 | &nbsp;&nbsp; 57 | 47634 |
| 4.70%, 03/15/37 | &nbsp;&nbsp; 34 | 33512 |
| 5.35%, 11/15/48 | &nbsp;&nbsp; 41 | 40546 |
| 5.45%, 11/15/79 | &nbsp;&nbsp; 70 | 66008 |
| 5.75%, 08/15/40 | &nbsp;&nbsp; 41 | 43506 |
| 5.85%, 11/15/68 | &nbsp;&nbsp; 20 | 19973 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Frontier Communications Holdings LLC |  |  |
| 5.00%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp; $75 | $75077 |
| 5.88%, 11/01/29 | &nbsp;&nbsp; 50 | 50537 |
| 6.00%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45486 |
| 6.75%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp; 65 | 65276 |
| 8.63%, 03/15/31<sup>(b)</sup> | &nbsp;&nbsp; 55 | 57490 |
| 8.75%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp; 80 | 82456 |
| Frontier Florida LLC, Series E, 6.86%, 02/01/28 | &nbsp;&nbsp; 50 | 52013 |
| Level 3 Financing, Inc. |  |  |
| 6.88%, 06/30/33<sup>(b)</sup> | &nbsp;&nbsp; 115 | 119090 |
| 7.00%, 03/31/34<sup>(b)</sup> | &nbsp;&nbsp; 125 | 129926 |
| 8.50%, 01/15/36<sup>(b)</sup> | &nbsp;&nbsp; 85 | 88489 |
| Lumen Technologies, Inc. |  |  |
| 4.50%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19035 |
| 5.38%, 06/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp; 15 | 14368 |
| Series P, 7.60%, 09/15/39 | &nbsp;&nbsp; 25 | 23854 |
| Series U, 7.65%, 03/15/42 | &nbsp;&nbsp; 20 | 18743 |
| Motorola Solutions, Inc. |  |  |
| 4.60%, 02/23/28 | &nbsp;&nbsp; 105 | 106157 |
| 4.60%, 05/23/29 | &nbsp;&nbsp; 95 | 96438 |
| 5.00%, 04/15/29 | &nbsp;&nbsp; 10 | 10279 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 70 | 73059 |
| 5.50%, 09/01/44 | &nbsp;&nbsp; 50 | 49719 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 85 | 89460 |
| 5.60%, 06/01/32 | &nbsp;&nbsp; 50 | 53102 |
| Nokia OYJ |  |  |
| 4.38%, 06/12/27 | &nbsp;&nbsp; 40 | 39975 |
| 6.63%, 05/15/39 | &nbsp;&nbsp; 35 | 37894 |
| NTT Finance Corp. |  |  |
| 4.57%, 07/16/27<sup>(b)</sup> | &nbsp;&nbsp; 210 | 211898 |
| 4.62%, 07/16/28<sup>(b)</sup> | &nbsp;&nbsp; 295 | 299348 |
| 4.88%, 07/16/30<sup>(b)</sup> | &nbsp;&nbsp; 200 | 205207 |
| 5.17%, 07/16/32<sup>(b)</sup> | &nbsp;&nbsp; 210 | 217141 |
| 5.50%, 07/16/35<sup>(b)</sup> | &nbsp;&nbsp; 275 | 287054 |
| Orange SA |  |  |
| 5.00%, 01/13/36<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200747 |
| 5.50%, 02/06/44 | &nbsp;&nbsp; 100 | 101187 |
| 5.75%, 01/13/56<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5149 |
| Rogers Communications, Inc. |  |  |
| 3.70%, 11/15/49 | &nbsp;&nbsp; 40 | 30226 |
| 3.80%, 03/15/32 | &nbsp;&nbsp; 135 | 128947 |
| 4.30%, 02/15/48 | &nbsp;&nbsp; 10 | 8168 |
| 4.35%, 05/01/49 | &nbsp;&nbsp; 35 | 28559 |
| 4.50%, 03/15/42 | &nbsp;&nbsp; 65 | 56676 |
| 4.50%, 03/15/43 | &nbsp;&nbsp; 35 | 30156 |
| 4.55%, 03/15/52 | &nbsp;&nbsp; 120 | 98308 |
| 5.00%, 02/15/29 | &nbsp;&nbsp; 35 | 35785 |
| 5.00%, 03/15/44 | &nbsp;&nbsp; 65 | 59092 |
| 5.25%, 03/15/82, (5-year CMT + 3.59%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 62 | 62065 |
| 5.30%, 02/15/34 | &nbsp;&nbsp; 70 | 71447 |
| 5.45%, 10/01/43 | &nbsp;&nbsp; 20 | 19189 |
| 7.00%, 04/15/55, (5-year CMT + 2.65%)<sup>(a)</sup> | &nbsp;&nbsp; 75 | 78467 |
| 7.13%, 04/15/55, (5-year CMT + 2.62%)<sup>(a)</sup> | &nbsp;&nbsp; 70 | 74121 |
| 7.50%, 08/15/38 | &nbsp;&nbsp; 50 | 58658 |
| Telecom Italia Capital SA |  |  |
| 6.00%, 09/30/34 | &nbsp;&nbsp; 20 | 20808 |
| 6.38%, 11/15/33 | &nbsp;&nbsp; 40 | 42415 |
| 7.20%, 07/18/36 | &nbsp;&nbsp; 35 | 38713 |
| 7.72%, 06/04/38 | &nbsp;&nbsp; 35 | 40036 |
| TELUS Corp. |  |  |
| 3.40%, 05/13/32 | &nbsp;&nbsp; 85 | 79438 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 3.70%, 09/15/27 | &nbsp;&nbsp; $75 | $74572 |
| 6.63%, 10/15/55, (5-year CMT + 2.77%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 51562 |
| 7.00%, 10/15/55, (5-year CMT + 2.71%)<sup>(a)</sup> | &nbsp;&nbsp; 50 | 52748 |
| Series ..., 6.63%, 06/09/56, (5-year CMT + <br> 2.52%)<sup>(a)</sup><br>| &nbsp;&nbsp; 50 | 50460 |
| Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC<br>|  |  |
| 6.50%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp; 50 | 48658 |
| 8.63%, 06/15/32<sup>(b)(c)</sup> | &nbsp;&nbsp; 100 | 101347 |
| Verizon Communications, Inc. |  |  |
| 1.50%, 09/18/30 | &nbsp;&nbsp; 92 | 82204 |
| 1.68%, 10/30/30 | &nbsp;&nbsp; 50 | 44846 |
| 1.75%, 01/20/31 | &nbsp;&nbsp; 150 | 134122 |
| 2.10%, 03/22/28 | &nbsp;&nbsp; 129 | 124571 |
| 2.36%, 03/15/32 | &nbsp;&nbsp; 316 | 281952 |
| 2.55%, 03/21/31 | &nbsp;&nbsp; 214 | 197959 |
| 2.65%, 11/20/40 | &nbsp;&nbsp; 129 | 93956 |
| 2.85%, 09/03/41 | &nbsp;&nbsp; 70 | 51224 |
| 2.88%, 11/20/50 | &nbsp;&nbsp; 195 | 123377 |
| 2.99%, 10/30/56 | &nbsp;&nbsp; 200 | 121779 |
| 3.00%, 11/20/60 | &nbsp;&nbsp; 127 | 75711 |
| 3.15%, 03/22/30 | &nbsp;&nbsp; 89 | 86124 |
| 3.40%, 03/22/41 | &nbsp;&nbsp; 257 | 204503 |
| 3.55%, 03/22/51 | &nbsp;&nbsp; 299 | 216664 |
| 3.70%, 03/22/61 | &nbsp;&nbsp; 220 | 151863 |
| 3.85%, 11/01/42 | &nbsp;&nbsp; 70 | 57638 |
| 3.88%, 02/08/29 | &nbsp;&nbsp; 89 | 89063 |
| 3.88%, 03/01/52 | &nbsp;&nbsp; 70 | 52734 |
| 4.00%, 03/22/50 | &nbsp;&nbsp; 89 | 69820 |
| 4.02%, 12/03/29 | &nbsp;&nbsp; 233 | 233217 |
| 4.13%, 03/16/27 | &nbsp;&nbsp; 4 | 4014 |
| 4.13%, 08/15/46 | &nbsp;&nbsp; 85 | 69552 |
| 4.27%, 01/15/36 | &nbsp;&nbsp; 65 | 61705 |
| 4.33%, 09/21/28 | &nbsp;&nbsp; 135 | 136414 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 142 | 138965 |
| 4.50%, 08/10/33 | &nbsp;&nbsp; 156 | 155523 |
| 4.52%, 09/15/48 | &nbsp;&nbsp; 105 | 89213 |
| 4.67%, 03/15/55 | &nbsp;&nbsp; 70 | 59051 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 150 | 152118 |
| 4.75%, 11/01/41 | &nbsp;&nbsp; 47 | 43578 |
| 4.78%, 02/15/35 | &nbsp;&nbsp; 185 | 184183 |
| 4.81%, 03/15/39 | &nbsp;&nbsp; 89 | 85838 |
| 4.86%, 08/21/46 | &nbsp;&nbsp; 145 | 130488 |
| 5.00%, 01/15/36 | &nbsp;&nbsp; 100 | 100443 |
| 5.01%, 04/15/49 | &nbsp;&nbsp; 55 | 50152 |
| 5.01%, 08/21/54 | &nbsp;&nbsp; 60 | 53491 |
| 5.05%, 05/09/33 | &nbsp;&nbsp; 45 | 46632 |
| 5.25%, 04/02/35 | &nbsp;&nbsp; 205 | 211089 |
| 5.25%, 03/16/37 | &nbsp;&nbsp; 110 | 111992 |
| 5.40%, 07/02/37 | &nbsp;&nbsp; 145 | 148916 |
| 5.50%, 03/16/47 | &nbsp;&nbsp; 42 | 41504 |
| 5.50%, 02/23/54<sup>(c)</sup> | &nbsp;&nbsp; 70 | 68252 |
| 5.85%, 09/15/35 | &nbsp;&nbsp; 32 | 34654 |
| 5.88%, 11/30/55 | &nbsp;&nbsp; 170 | 170803 |
| 6.00%, 11/30/65 | &nbsp;&nbsp; 140 | 140517 |
| 6.40%, 09/15/33 | &nbsp;&nbsp; 32 | 35736 |
| 6.55%, 09/15/43 | &nbsp;&nbsp; 57 | 63431 |
| 7.75%, 12/01/30 | &nbsp;&nbsp; 40 | 46082 |
| Viasat, Inc. |  |  |
| 5.63%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49922 |
| 6.50%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24695 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 7.50%, 05/30/31<sup>(b)</sup> | &nbsp;&nbsp; $40 | $39504 |
| Viavi Solutions, Inc., 3.75%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28476 |
| Windstream Services LLC, 7.50%, 10/15/33<sup>(b)</sup> | &nbsp;&nbsp; 55 | 57220 |
| Windstream Services LLC/Windstream Escrow <br> Finance Corp., 8.25%, 10/01/31<sup>(b)</sup><br>| &nbsp;&nbsp; 55 | 57839 |
| Xiaomi Best Time International Ltd., 2.88%, <br> 07/14/31<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 186899 |
|  |  | 16637508 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro, Inc. |  |  |
| 3.50%, 09/15/27 | &nbsp;&nbsp; 25 | 24827 |
| 3.90%, 11/19/29 | &nbsp;&nbsp; 100 | 99136 |
| 5.10%, 05/15/44 | &nbsp;&nbsp; 40 | 36883 |
| 6.05%, 05/14/34 | &nbsp;&nbsp; 30 | 32216 |
| 6.35%, 03/15/40 | &nbsp;&nbsp; 45 | 48623 |
|  |  | 241685 |
| **Transportation — 0.2%** | **Transportation — 0.2%** | **Transportation — 0.2%** |
| CH Robinson Worldwide, Inc., 4.20%, 04/15/28 | &nbsp;&nbsp; 30 | 30081 |
| Empresa de Transporte de Pasajeros Metro SA, <br> 4.70%, 05/07/50<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 177513 |
| GXO Logistics, Inc. |  |  |
| 2.65%, 07/15/31 | &nbsp;&nbsp; 65 | 59469 |
| 6.25%, 05/06/29 | &nbsp;&nbsp; 50 | 52839 |
| 6.50%, 05/06/34 | &nbsp;&nbsp; 35 | 38151 |
| JB Hunt Transport Services, Inc., 4.90%, 03/15/30 | &nbsp;&nbsp; 70 | 71962 |
| MTR Corp. Ltd., 1.63%, 08/19/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 183523 |
| Ryder System, Inc. |  |  |
| 2.85%, 03/01/27 | &nbsp;&nbsp; 65 | 64360 |
| 4.30%, 06/15/27 | &nbsp;&nbsp; 40 | 40165 |
| 4.85%, 06/15/30 | &nbsp;&nbsp; 5 | 5134 |
| 4.95%, 09/01/29 | &nbsp;&nbsp; 15 | 15391 |
| 5.00%, 03/15/30 | &nbsp;&nbsp; 45 | 46337 |
| 5.25%, 06/01/28 | &nbsp;&nbsp; 45 | 46240 |
| 5.38%, 03/15/29 | &nbsp;&nbsp; 30 | 31110 |
| 5.50%, 06/01/29 | &nbsp;&nbsp; 35 | 36476 |
| 5.65%, 03/01/28 | &nbsp;&nbsp; 20 | 20612 |
| 6.30%, 12/01/28 | &nbsp;&nbsp; 20 | 21165 |
| 6.60%, 12/01/33 | &nbsp;&nbsp; 55 | 61955 |
| SF Holding Investment 2021 Ltd., 3.13%, 11/17/31<sup>(d)</sup> | &nbsp;&nbsp; 200 | 190467 |
| XPO CNW, Inc., 6.70%, 05/01/34 | &nbsp;&nbsp; 20 | 21457 |
| XPO, Inc. |  |  |
| 6.25%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 100 | 101849 |
| 7.13%, 06/01/31<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51983 |
| 7.13%, 02/01/32<sup>(b)</sup> | &nbsp;&nbsp; 45 | 47149 |
|  |  | 1415388 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| 2.80%, 05/01/30 | &nbsp;&nbsp; 75 | 71720 |
| 2.95%, 09/01/27 | &nbsp;&nbsp; 5 | 4942 |
| 3.25%, 06/01/51 | &nbsp;&nbsp; 25 | 17289 |
| 3.45%, 06/01/29 | &nbsp;&nbsp; 92 | 90799 |
| 3.45%, 05/01/50 | &nbsp;&nbsp; 39 | 28213 |
| 3.75%, 09/01/28 | &nbsp;&nbsp; 50 | 49940 |
| 3.75%, 09/01/47 | &nbsp;&nbsp; 46 | 35830 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 20 | 16095 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 37 | 30064 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 25 | 20699 |
| 4.30%, 12/01/42 | &nbsp;&nbsp; 32 | 28685 |
| 4.30%, 09/01/45 | &nbsp;&nbsp; 20 | 17266 |
| 4.45%, 06/01/32 | &nbsp;&nbsp; 65 | 65617 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Water (continued)** | **Water (continued)** | **Water (continued)** |
| 5.15%, 03/01/34 | &nbsp;&nbsp; $20 | $20798 |
| 5.25%, 03/01/35 | &nbsp;&nbsp; 125 | 129928 |
| 5.45%, 03/01/54 | &nbsp;&nbsp; 55 | 54180 |
| 5.70%, 09/01/55 | &nbsp;&nbsp; 10 | 10126 |
| 6.59%, 10/15/37 | &nbsp;&nbsp; 55 | 63263 |
|  |  | 755454 |
| **Total Corporate Bonds & Notes — 30.6%** <br>**(Cost: $224,712,385)** | **Total Corporate Bonds & Notes — 30.6%** <br>**(Cost: $224,712,385)** | 221401138 |
| **Foreign Government Obligations**<sup>(g)</sup> | **Foreign Government Obligations**<sup>(g)</sup> | **Foreign Government Obligations**<sup>(g)</sup> |
| **Argentina — 0.3%** | **Argentina — 0.3%** | **Argentina — 0.3%** |
| Argentina Bonar Bonds |  |  |
| 0.75%, 07/09/30<sup>(h)</sup> | &nbsp;&nbsp; 256 | 209175 |
| 1.00%, 07/09/29 | &nbsp;&nbsp; 42 | 35637 |
| 3.50%, 07/09/41<sup>(h)</sup> | &nbsp;&nbsp; 50 | 34774 |
| 4.75%, 07/09/35<sup>(h)</sup> | &nbsp;&nbsp; 250 | 185343 |
| 5.00%, 01/09/38<sup>(h)</sup> | &nbsp;&nbsp; 190 | 144977 |
| Argentina Republic Government International Bonds |  |  |
| 0.75%, 07/09/30<sup>(h)</sup> | &nbsp;&nbsp; 338 | 286696 |
| 1.00%, 07/09/29 | &nbsp;&nbsp; 70 | 61714 |
| 3.50%, 07/09/41<sup>(h)</sup> | &nbsp;&nbsp; 280 | 195451 |
| 4.38%, 07/09/46<sup>(c)(h)</sup> | &nbsp;&nbsp; 61 | 43100 |
| 4.75%, 07/09/35<sup>(h)</sup> | &nbsp;&nbsp; 525 | 395007 |
| 5.00%, 01/09/38<sup>(h)</sup> | &nbsp;&nbsp; 290 | 227614 |
| Bonos Para La Reconstruccion De Una Argentina <br> Libre, 3.00%, 10/31/28<br>| &nbsp;&nbsp; 200 | 171134 |
|  |  | 1990622 |
| **Belgium — 0.0%** | **Belgium — 0.0%** | **Belgium — 0.0%** |
| Kingdom of Belgium Government International Bonds, <br> 4.88%, 06/10/55<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 185401 |
| **Brazil — 0.1%** | **Brazil — 0.1%** | **Brazil — 0.1%** |
| Brazil Government International Bonds |  |  |
| 5.00%, 01/27/45 | &nbsp;&nbsp; 200 | 163962 |
| 5.63%, 01/07/41<sup>(c)</sup> | &nbsp;&nbsp; 300 | 281368 |
| 7.13%, 01/20/37 | &nbsp;&nbsp; 125 | 138986 |
| 8.25%, 01/20/34 | &nbsp;&nbsp; 260 | 303122 |
| 10.13%, 05/15/27 | &nbsp;&nbsp; 120 | 128320 |
|  |  | 1015758 |
| **Bulgaria — 0.0%** | **Bulgaria — 0.0%** | **Bulgaria — 0.0%** |
| Bulgaria Government International Bonds, 5.00%, <br> 03/05/37<sup>(d)</sup><br>| &nbsp;&nbsp; 70 | 70583 |
| **Canada — 0.8%** | **Canada — 0.8%** | **Canada — 0.8%** |
| Canada Government International Bonds |  |  |
| 3.75%, 04/26/28 | &nbsp;&nbsp; 190 | 191289 |
| 4.00%, 03/18/30 | &nbsp;&nbsp; 70 | 71320 |
| 4.63%, 04/30/29 | &nbsp;&nbsp; 155 | 160520 |
| CDP Financial, Inc. |  |  |
| 4.25%, 07/25/28<sup>(b)</sup> | &nbsp;&nbsp; 245 | 249154 |
| 4.63%, 01/24/30<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20718 |
| 4.88%, 06/05/29<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10402 |
| CPPIB Capital, Inc. |  |  |
| 2.00%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9471 |
| 3.75%, 10/08/27<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10039 |
| 4.25%, 07/20/28<sup>(b)</sup> | &nbsp;&nbsp; 270 | 274800 |
| Export Development Canada |  |  |
| 3.00%, 05/25/27 | &nbsp;&nbsp; 155 | 154093 |
| 3.75%, 09/07/27 | &nbsp;&nbsp; 140 | 140603 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Canada (continued)** | **Canada (continued)** | **Canada (continued)** |
| 3.88%, 02/14/28 | &nbsp;&nbsp; $130 | $131046 |
| 4.00%, 06/20/30 | &nbsp;&nbsp; 50 | 50923 |
| 4.13%, 02/13/29 | &nbsp;&nbsp; 165 | 168202 |
| 4.75%, 06/05/34 | &nbsp;&nbsp; 60 | 63746 |
| Ontario Teachers' Finance Trust |  |  |
| 1.25%, 09/27/30<sup>(b)</sup> | &nbsp;&nbsp; 250 | 224656 |
| 2.00%, 04/16/31<sup>(b)</sup> | &nbsp;&nbsp; 250 | 230048 |
| 4.25%, 04/25/28<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5067 |
| 4.63%, 04/10/29<sup>(b)</sup> | &nbsp;&nbsp; 40 | 41209 |
| Province of Alberta Canada |  |  |
| 1.30%, 07/22/30 | &nbsp;&nbsp; 125 | 113247 |
| 3.30%, 03/15/28 | &nbsp;&nbsp; 40 | 39834 |
| 4.30%, 11/02/35<sup>(c)</sup> | &nbsp;&nbsp; 70 | 70485 |
| 4.50%, 01/24/34 | &nbsp;&nbsp; 50 | 51509 |
| Province of British Columbia Canada |  |  |
| 1.30%, 01/29/31 | &nbsp;&nbsp; 90 | 80360 |
| 3.90%, 08/27/30<sup>(c)</sup> | &nbsp;&nbsp; 205 | 207224 |
| 4.20%, 07/06/33<sup>(c)</sup> | &nbsp;&nbsp; 110 | 111250 |
| 4.70%, 01/24/28 | &nbsp;&nbsp; 20 | 20436 |
| 4.75%, 06/12/34 | &nbsp;&nbsp; 120 | 125465 |
| 4.80%, 11/15/28 | &nbsp;&nbsp; 145 | 149811 |
| 4.80%, 06/11/35<sup>(c)</sup> | &nbsp;&nbsp; 120 | 125364 |
| 4.90%, 04/24/29 | &nbsp;&nbsp; 125 | 130038 |
| 7.25%, 09/01/36 | &nbsp;&nbsp; 20 | 24761 |
| Province of Manitoba Canada |  |  |
| 4.30%, 07/27/33 | &nbsp;&nbsp; 5 | 5076 |
| 4.90%, 05/31/34 | &nbsp;&nbsp; 65 | 68547 |
| Province of New Brunswick Canada, 3.63%, 02/24/28 | &nbsp;&nbsp; 20 | 19978 |
| Province of Ontario Canada |  |  |
| 1.05%, 05/21/27 | &nbsp;&nbsp; 65 | 63096 |
| 1.13%, 10/07/30 | &nbsp;&nbsp; 125 | 111760 |
| 1.60%, 02/25/31 | &nbsp;&nbsp; 75 | 67925 |
| 1.80%, 10/14/31 | &nbsp;&nbsp; 125 | 112654 |
| 2.00%, 10/02/29 | &nbsp;&nbsp; 95 | 90034 |
| 2.13%, 01/21/32 | &nbsp;&nbsp; 75 | 68330 |
| 3.10%, 05/19/27 | &nbsp;&nbsp; 80 | 79612 |
| 3.70%, 09/17/29 | &nbsp;&nbsp; 20 | 20089 |
| 3.90%, 09/04/30 | &nbsp;&nbsp; 5 | 5056 |
| 4.20%, 01/18/29 | &nbsp;&nbsp; 160 | 163041 |
| 4.45%, 11/20/35 | &nbsp;&nbsp; 120 | 122244 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 5 | 5198 |
| 4.85%, 06/11/35 | &nbsp;&nbsp; 110 | 115577 |
| 5.05%, 04/24/34<sup>(c)</sup> | &nbsp;&nbsp; 100 | 106796 |
| Province of Quebec Canada |  |  |
| 1.35%, 05/28/30 | &nbsp;&nbsp; 95 | 86373 |
| 1.90%, 04/21/31 | &nbsp;&nbsp; 60 | 54908 |
| 2.75%, 04/12/27 | &nbsp;&nbsp; 68 | 67415 |
| 3.63%, 04/13/28<sup>(c)</sup> | &nbsp;&nbsp; 170 | 170363 |
| 3.88%, 01/14/31 | &nbsp;&nbsp; 200 | 201709 |
| 4.25%, 09/05/34 | &nbsp;&nbsp; 30 | 30186 |
| 4.50%, 04/03/29 | &nbsp;&nbsp; 105 | 107911 |
| 4.50%, 09/08/33 | &nbsp;&nbsp; 110 | 113247 |
| 4.63%, 08/28/35 | &nbsp;&nbsp; 5 | 5151 |
| Series PD, 7.50%, 09/15/29 | &nbsp;&nbsp; 55 | 62056 |
| Province of Saskatchewan Canada |  |  |
| 3.25%, 06/08/27 | &nbsp;&nbsp; 5 | 4978 |
| 4.65%, 01/28/30 | &nbsp;&nbsp; 50 | 51739 |
| PSP Capital, Inc. |  |  |
| 1.63%, 10/26/28<sup>(b)</sup> | &nbsp;&nbsp; 40 | 38115 |
| 3.75%, 10/02/29<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20116 |
|  |  | 5696370 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chile — 0.2%** | **Chile — 0.2%** | **Chile — 0.2%** |
| Chile Government International Bonds |  |  |
| 2.55%, 01/27/32 | &nbsp;&nbsp; $200 | $181136 |
| 3.24%, 02/06/28 | &nbsp;&nbsp; 200 | 197311 |
| 3.50%, 01/25/50 | &nbsp;&nbsp; 200 | 151096 |
| 3.86%, 06/21/47 | &nbsp;&nbsp; 200 | 164358 |
| 4.00%, 01/31/52 | &nbsp;&nbsp; 200 | 163278 |
| 4.95%, 01/05/36 | &nbsp;&nbsp; 200 | 204717 |
|  |  | 1061896 |
| **Colombia — 0.1%** | **Colombia — 0.1%** | **Colombia — 0.1%** |
| Colombia Government International Bonds |  |  |
| 4.50%, 03/15/29 | &nbsp;&nbsp; 200 | 194707 |
| 5.00%, 06/15/45 | &nbsp;&nbsp; 200 | 147542 |
| 6.13%, 01/18/41 | &nbsp;&nbsp; 300 | 266335 |
| 7.38%, 09/18/37 | &nbsp;&nbsp; 200 | 203463 |
|  |  | 812047 |
| **Costa Rica — 0.0%** | **Costa Rica — 0.0%** | **Costa Rica — 0.0%** |
| Costa Rica Government International Bonds, 6.55%, <br> 04/03/34<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 217068 |
| **Denmark — 0.0%** | **Denmark — 0.0%** | **Denmark — 0.0%** |
| Kommunekredit, 4.63%, 03/05/27<sup>(d)</sup> | &nbsp;&nbsp; 200 | 201980 |
| **Finland — 0.0%** | **Finland — 0.0%** | **Finland — 0.0%** |
| Finland Government International Bonds, 3.63%, <br> 11/04/30<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 5015 |
| Kuntarahoitus OYJ |  |  |
| 3.63%, 10/09/29<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35107 |
| 4.13%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5052 |
|  |  | 45174 |
| **France — 0.2%** | **France — 0.2%** | **France — 0.2%** |
| Agence Francaise de Developpement EPIC, 4.50%, <br> 03/05/29<sup>(d)</sup><br>| &nbsp;&nbsp; 400 | 408170 |
| Caisse d'Amortissement de la Dette Sociale |  |  |
| 1.00%, 10/21/30<sup>(b)</sup> | &nbsp;&nbsp; 10 | 8838 |
| 1.38%, 01/20/31<sup>(b)</sup> | &nbsp;&nbsp; 330 | 294750 |
| 3.75%, 05/24/28<sup>(b)</sup> | &nbsp;&nbsp; 315 | 315819 |
| 4.50%, 05/22/29<sup>(b)</sup> | &nbsp;&nbsp; 210 | 215513 |
| SFIL SA, 5.00%, 04/26/27<sup>(d)</sup> | &nbsp;&nbsp; 200 | 202856 |
|  |  | 1445946 |
| **Germany — 0.0%** | **Germany — 0.0%** | **Germany — 0.0%** |
| State of North Rhine-Westphalia Germany, 4.00%, <br> 04/25/28<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 201933 |
| **Hong Kong — 0.1%** | **Hong Kong — 0.1%** | **Hong Kong — 0.1%** |
| Airport Authority |  |  |
| 2.63%, 02/04/51<sup>(b)</sup> | &nbsp;&nbsp; 200 | 138877 |
| 4.75%, 01/12/28<sup>(b)</sup> | &nbsp;&nbsp; 200 | 203774 |
| Hong Kong Government International Bonds |  |  |
| 1.38%, 02/02/31<sup>(b)</sup> | &nbsp;&nbsp; 200 | 180290 |
| 4.00%, 06/07/33<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200056 |
|  |  | 722997 |
| **Hungary — 0.1%** | **Hungary — 0.1%** | **Hungary — 0.1%** |
| Hungary Government International Bonds |  |  |
| 2.13%, 09/22/31<sup>(d)</sup> | &nbsp;&nbsp; 200 | 174649 |
| 5.50%, 06/16/34<sup>(d)</sup> | &nbsp;&nbsp; 200 | 204902 |
| 5.50%, 03/26/36<sup>(d)</sup> | &nbsp;&nbsp; 200 | 202713 |
| 6.25%, 09/22/32<sup>(d)</sup> | &nbsp;&nbsp; 200 | 214908 |
| 7.63%, 03/29/41 | &nbsp;&nbsp; 140 | 166586 |
|  |  | 963758 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Indonesia — 0.4%** | **Indonesia — 0.4%** | **Indonesia — 0.4%** |
| Indonesia Government International Bonds |  |  |
| 2.85%, 02/14/30 | &nbsp;&nbsp; $200 | $190057 |
| 3.05%, 03/12/51 | &nbsp;&nbsp; 200 | 132386 |
| 3.20%, 09/23/61 | &nbsp;&nbsp; 200 | 127075 |
| 3.40%, 09/18/29 | &nbsp;&nbsp; 200 | 195304 |
| 4.35%, 01/11/48 | &nbsp;&nbsp; 200 | 171428 |
| 4.55%, 01/11/28 | &nbsp;&nbsp; 200 | 202096 |
| 4.65%, 09/20/32 | &nbsp;&nbsp; 200 | 201526 |
| 4.85%, 01/11/33 | &nbsp;&nbsp; 200 | 202010 |
| 5.10%, 02/10/54<sup>(c)</sup> | &nbsp;&nbsp; 400 | 381385 |
| 6.75%, 01/15/44<sup>(d)</sup> | &nbsp;&nbsp; 200 | 230096 |
| 7.75%, 01/17/38<sup>(d)</sup> | &nbsp;&nbsp; 100 | 124066 |
| Perusahaan Penerbit SBSN Indonesia III |  |  |
| 2.55%, 06/09/31<sup>(d)</sup> | &nbsp;&nbsp; 200 | 182017 |
| 3.55%, 06/09/51<sup>(d)</sup> | &nbsp;&nbsp; 200 | 144261 |
| 4.40%, 06/06/27<sup>(d)</sup> | &nbsp;&nbsp; 200 | 201081 |
| 4.70%, 06/06/32<sup>(d)</sup> | &nbsp;&nbsp; 200 | 201828 |
| 5.10%, 07/02/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 205506 |
|  |  | 3092122 |
| **Israel — 0.2%** | **Israel — 0.2%** | **Israel — 0.2%** |
| Israel Government International Bonds |  |  |
| 5.00%, 01/13/36 | &nbsp;&nbsp; 200 | 199406 |
| 5.38%, 03/12/29 | &nbsp;&nbsp; 200 | 205790 |
| 5.38%, 02/19/30 | &nbsp;&nbsp; 200 | 207053 |
| 5.50%, 03/12/34 | &nbsp;&nbsp; 200 | 208150 |
| 5.63%, 02/19/35 | &nbsp;&nbsp; 200 | 209835 |
| 5.75%, 03/12/54 | &nbsp;&nbsp; 200 | 195278 |
| State of Israel |  |  |
| 3.38%, 01/15/50 | &nbsp;&nbsp; 200 | 137576 |
| 3.80%, 05/13/60<sup>(d)</sup> | &nbsp;&nbsp; 200 | 137519 |
|  |  | 1500607 |
| **Italy — 0.1%** | **Italy — 0.1%** | **Italy — 0.1%** |
| Republic of Italy Government International Bonds |  |  |
| 2.88%, 10/17/29 | &nbsp;&nbsp; 200 | 194012 |
| 3.88%, 05/06/51 | &nbsp;&nbsp; 260 | 198265 |
| 4.00%, 10/17/49 | &nbsp;&nbsp; 25 | 19817 |
| 5.38%, 06/15/33 | &nbsp;&nbsp; 65 | 69757 |
|  |  | 481851 |
| **Japan — 0.1%** | **Japan — 0.1%** | **Japan — 0.1%** |
| Development Bank of Japan, Inc. |  |  |
| 1.00%, 08/27/30<sup>(b)</sup> | &nbsp;&nbsp; 15 | 13309 |
| 1.25%, 01/28/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | 8874 |
| 1.75%, 10/20/31<sup>(b)</sup> | &nbsp;&nbsp; 10 | 8935 |
| 3.88%, 08/28/28<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10063 |
| 4.00%, 08/28/27<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5024 |
| 4.50%, 01/30/34<sup>(b)</sup> | &nbsp;&nbsp; 200 | 205913 |
| Japan International Cooperation Agency |  |  |
| 2.75%, 04/27/27 | &nbsp;&nbsp; 15 | 14852 |
| 4.00%, 05/23/28 | &nbsp;&nbsp; 200 | 201408 |
| 4.75%, 05/21/29 | &nbsp;&nbsp; 215 | 221986 |
|  |  | 690364 |
| **Kazakhstan — 0.1%** | **Kazakhstan — 0.1%** | **Kazakhstan — 0.1%** |
| Kazakhstan Government International Bonds |  |  |
| 4.71%, 04/09/35<sup>(d)</sup> | &nbsp;&nbsp; 200 | 199526 |
| 4.88%, 10/14/44<sup>(d)</sup> | &nbsp;&nbsp; 200 | 184343 |
|  |  | 383869 |
| **Kuwait — 0.1%** | **Kuwait — 0.1%** | **Kuwait — 0.1%** |
| Kuwait International Government Bonds |  |  |
| 3.50%, 03/20/27<sup>(d)</sup> | &nbsp;&nbsp; 200 | 199395 |
| 4.14%, 10/09/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 200542 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Kuwait (continued)** | **Kuwait (continued)** | **Kuwait (continued)** |
| 4.65%, 10/09/35<sup>(d)</sup> | &nbsp;&nbsp; $200 | $200852 |
|  |  | 600789 |
| **Malaysia — 0.0%** | **Malaysia — 0.0%** | **Malaysia — 0.0%** |
| Malaysia Sovereign Sukuk Bhd, 4.24%, 04/22/45<sup>(d)</sup> | &nbsp;&nbsp; 200 | 184082 |
| **Netherlands — 0.2%** | **Netherlands — 0.2%** | **Netherlands — 0.2%** |
| BNG Bank NV |  |  |
| 3.50%, 05/19/28<sup>(b)</sup> | &nbsp;&nbsp; 220 | 220010 |
| 4.25%, 01/25/29<sup>(b)</sup> | &nbsp;&nbsp; 205 | 209277 |
| 4.25%, 01/14/36<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202137 |
| 4.50%, 03/01/27<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5045 |
| Nederlandse Financierings-Maatschappij voor <br> Ontwikkelingslanden NV, 3.75%, 10/10/29<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 201046 |
| Nederlandse Waterschapsbank NV |  |  |
| 1.00%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp; 55 | 49446 |
| 4.00%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp; 180 | 181697 |
| 4.38%, 02/28/29<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5123 |
| 4.50%, 01/16/30<sup>(b)</sup> | &nbsp;&nbsp; 205 | 211718 |
|  |  | 1285499 |
| **Norway — 0.1%** | **Norway — 0.1%** | **Norway — 0.1%** |
| Kommunalbanken AS |  |  |
| 1.13%, 06/14/30<sup>(b)</sup> | &nbsp;&nbsp; 200 | 180683 |
| 4.00%, 01/19/28<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10090 |
| 4.25%, 01/24/29<sup>(b)</sup> | &nbsp;&nbsp; 200 | 204168 |
|  |  | 394941 |
| **Panama — 0.2%** | **Panama — 0.2%** | **Panama — 0.2%** |
| Panama Government International Bonds |  |  |
| 2.25%, 09/29/32 | &nbsp;&nbsp; 200 | 168502 |
| 4.50%, 05/15/47<sup>(c)</sup> | &nbsp;&nbsp; 400 | 327737 |
| 4.50%, 04/16/50 | &nbsp;&nbsp; 200 | 160355 |
| 6.70%, 01/26/36 | &nbsp;&nbsp; 100 | 109218 |
| 7.88%, 03/01/57 | &nbsp;&nbsp; 200 | 241294 |
| 8.88%, 09/30/27 | &nbsp;&nbsp; 55 | 59069 |
| 9.38%, 04/01/29 | &nbsp;&nbsp; 50 | 57437 |
|  |  | 1123612 |
| **Paraguay — 0.0%** | **Paraguay — 0.0%** | **Paraguay — 0.0%** |
| Paraguay Government International Bonds, 3.85%, <br> 06/28/33<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 190634 |
| **Peru — 0.2%** | **Peru — 0.2%** | **Peru — 0.2%** |
| Peru Government International Bonds |  |  |
| 1.86%, 12/01/32 | &nbsp;&nbsp; 100 | 83978 |
| 2.78%, 01/23/31 | &nbsp;&nbsp; 145 | 134790 |
| 2.78%, 12/01/60 | &nbsp;&nbsp; 65 | 36744 |
| 2.84%, 06/20/30 | &nbsp;&nbsp; 25 | 23680 |
| 3.00%, 01/15/34 | &nbsp;&nbsp; 110 | 96797 |
| 3.30%, 03/11/41 | &nbsp;&nbsp; 70 | 55004 |
| 3.55%, 03/10/51 | &nbsp;&nbsp; 75 | 53955 |
| 3.60%, 01/15/72 | &nbsp;&nbsp; 85 | 55401 |
| 5.50%, 03/30/36 | &nbsp;&nbsp; 122 | 126134 |
| 5.63%, 11/18/50 | &nbsp;&nbsp; 100 | 99412 |
| 6.20%, 06/30/55 | &nbsp;&nbsp; 100 | 105269 |
| 6.55%, 03/14/37 | &nbsp;&nbsp; 70 | 78049 |
| 8.75%, 11/21/33 | &nbsp;&nbsp; 110 | 138501 |
|  |  | 1087714 |
| **Poland — 0.2%** | **Poland — 0.2%** | **Poland — 0.2%** |
| Bank Gospodarstwa Krajowego, 5.75%, 07/09/34<sup>(d)</sup> | &nbsp;&nbsp; 200 | 214273 |
| Republic of Poland Government International Bonds |  |  |
| 4.88%, 02/12/30 | &nbsp;&nbsp; 140 | 145058 |
| 4.88%, 10/04/33 | &nbsp;&nbsp; 90 | 92368 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Poland (continued)** | **Poland (continued)** | **Poland (continued)** |
| 5.13%, 09/18/34 | &nbsp;&nbsp; $100 | $103648 |
| 5.38%, 02/12/35 | &nbsp;&nbsp; 105 | 110147 |
| 5.50%, 11/16/27 | &nbsp;&nbsp; 80 | 82289 |
| 5.50%, 04/04/53 | &nbsp;&nbsp; 215 | 210698 |
| 5.50%, 03/18/54 | &nbsp;&nbsp; 200 | 196011 |
|  |  | 1154492 |
| **Qatar — 0.2%** | **Qatar — 0.2%** | **Qatar — 0.2%** |
| Qatar Government International Bonds |  |  |
| 3.75%, 04/16/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 199284 |
| 4.00%, 03/14/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 200969 |
| 4.40%, 04/16/50<sup>(d)</sup> | &nbsp;&nbsp; 200 | 179834 |
| 4.63%, 06/02/46<sup>(d)</sup> | &nbsp;&nbsp; 200 | 188110 |
| 4.82%, 03/14/49<sup>(d)</sup> | &nbsp;&nbsp; 200 | 191680 |
| 4.88%, 02/27/35<sup>(d)</sup> | &nbsp;&nbsp; 200 | 210568 |
| 5.10%, 04/23/48<sup>(d)</sup> | &nbsp;&nbsp; 200 | 200260 |
| 5.75%, 01/20/42<sup>(b)</sup> | &nbsp;&nbsp; 200 | 219572 |
|  |  | 1590277 |
| **Romania — 0.1%** | **Romania — 0.1%** | **Romania — 0.1%** |
| Romanian Government International Bonds |  |  |
| 3.00%, 02/14/31<sup>(d)</sup> | &nbsp;&nbsp; 100 | 92058 |
| 3.63%, 03/27/32<sup>(d)</sup> | &nbsp;&nbsp; 66 | 61237 |
| 4.00%, 02/14/51<sup>(d)</sup> | &nbsp;&nbsp; 200 | 144180 |
| 5.13%, 06/15/48<sup>(d)</sup> | &nbsp;&nbsp; 60 | 51886 |
| 5.25%, 11/25/27<sup>(d)</sup> | &nbsp;&nbsp; 60 | 60982 |
| 6.00%, 05/25/34<sup>(d)</sup> | &nbsp;&nbsp; 50 | 51630 |
| 6.13%, 01/22/44<sup>(d)</sup> | &nbsp;&nbsp; 60 | 59811 |
| 6.38%, 01/30/34<sup>(d)</sup> | &nbsp;&nbsp; 200 | 211424 |
| 6.63%, 02/17/28<sup>(d)</sup> | &nbsp;&nbsp; 110 | 114674 |
| 7.13%, 01/17/33<sup>(d)</sup> | &nbsp;&nbsp; 100 | 110562 |
| 7.63%, 01/17/53<sup>(d)</sup> | &nbsp;&nbsp; 50 | 57631 |
|  |  | 1016075 |
| **South Africa — 0.1%** | **South Africa — 0.1%** | **South Africa — 0.1%** |
| Republic of South Africa Government <br> International Bonds<br>|  |  |
| 4.85%, 09/30/29 | &nbsp;&nbsp; 200 | 200883 |
| 5.65%, 09/27/47 | &nbsp;&nbsp; 200 | 168588 |
| 6.25%, 03/08/41 | &nbsp;&nbsp; 125 | 119462 |
| 7.10%, 11/19/36<sup>(d)</sup> | &nbsp;&nbsp; 200 | 215250 |
|  |  | 704183 |
| **South Korea — 0.1%** | **South Korea — 0.1%** | **South Korea — 0.1%** |
| Korea Development Bank(The) |  |  |
| 4.00%, 01/28/31 | &nbsp;&nbsp; 200 | 202722 |
| 4.38%, 02/15/28 | &nbsp;&nbsp; 200 | 202774 |
| Korea International Bonds |  |  |
| 1.75%, 10/15/31 | &nbsp;&nbsp; 200 | 181011 |
| 4.50%, 07/03/29 | &nbsp;&nbsp; 200 | 205732 |
| Korea Mine Rehabilitation & Mineral Resources Corp., <br> 5.13%, 05/08/29<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 206382 |
|  |  | 998621 |
| **Supranational — 1.6%** | **Supranational — 1.6%** | **Supranational — 1.6%** |
| African Development Bank |  |  |
| 3.50%, 09/18/29 | &nbsp;&nbsp; 120 | 120055 |
| 3.88%, 06/12/28 | &nbsp;&nbsp; 10 | 10094 |
| 4.00%, 03/18/30<sup>(c)</sup> | &nbsp;&nbsp; 25 | 25455 |
| 4.38%, 11/03/27 | &nbsp;&nbsp; 130 | 131938 |
| 4.38%, 03/14/28 | &nbsp;&nbsp; 110 | 111997 |
| 4.50%, 06/12/35 | &nbsp;&nbsp; 5 | 5199 |
| Council of Europe Development Bank |  |  |
| 3.63%, 01/26/28 | &nbsp;&nbsp; 5 | 5016 |
| 3.63%, 05/08/28 | &nbsp;&nbsp; 5 | 5018 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| 4.13%, 01/24/29 | &nbsp;&nbsp; $65 | $66227 |
| 4.50%, 01/15/30 | &nbsp;&nbsp; 30 | 31060 |
| 4.63%, 06/11/27 | &nbsp;&nbsp; 35 | 35497 |
| European Bank for Reconstruction & Development |  |  |
| 4.13%, 01/25/29 | &nbsp;&nbsp; 120 | 122270 |
| 4.25%, 03/13/34 | &nbsp;&nbsp; 90 | 92464 |
| 4.38%, 03/09/28 | &nbsp;&nbsp; 50 | 50909 |
| European Investment Bank |  |  |
| 1.25%, 02/14/31 | &nbsp;&nbsp; 15 | 13448 |
| 1.38%, 03/15/27 | &nbsp;&nbsp; 765 | 748644 |
| 1.63%, 10/09/29 | &nbsp;&nbsp; 45 | 42226 |
| 1.63%, 05/13/31 | &nbsp;&nbsp; 5 | 4541 |
| 1.75%, 03/15/29 | &nbsp;&nbsp; 300 | 285674 |
| 3.25%, 11/15/27 | &nbsp;&nbsp; 30 | 29920 |
| 3.63%, 07/15/30 | &nbsp;&nbsp; 50 | 50239 |
| 3.75%, 11/15/29 | &nbsp;&nbsp; 935 | 944005 |
| 3.75%, 02/14/33 | &nbsp;&nbsp; 25 | 24989 |
| 3.88%, 03/15/28 | &nbsp;&nbsp; 10 | 10090 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 5 | 5050 |
| 4.00%, 02/15/29 | &nbsp;&nbsp; 20 | 20330 |
| 4.13%, 02/13/34 | &nbsp;&nbsp; 360 | 367251 |
| 4.25%, 08/16/32 | &nbsp;&nbsp; 190 | 195949 |
| 4.38%, 03/19/27 | &nbsp;&nbsp; 60 | 60547 |
| 4.38%, 10/10/31 | &nbsp;&nbsp; 5 | 5188 |
| 4.50%, 10/16/28 | &nbsp;&nbsp; 405 | 416200 |
| 4.50%, 03/14/30 | &nbsp;&nbsp; 350 | 363231 |
| 4.63%, 02/12/35 | &nbsp;&nbsp; 200 | 210315 |
| 4.75%, 06/15/29 | &nbsp;&nbsp; 25 | 26013 |
| Inter-American Development Bank |  |  |
| 0.63%, 09/16/27 | &nbsp;&nbsp; 90 | 86218 |
| 1.13%, 07/20/28 | &nbsp;&nbsp; 155 | 147050 |
| 1.13%, 01/13/31 | &nbsp;&nbsp; 195 | 174058 |
| 2.25%, 06/18/29 | &nbsp;&nbsp; 176 | 169462 |
| 2.38%, 07/07/27 | &nbsp;&nbsp; 120 | 118325 |
| 3.13%, 09/18/28 | &nbsp;&nbsp; 214 | 212583 |
| 3.20%, 08/07/42 | &nbsp;&nbsp; 5 | 4195 |
| 3.50%, 09/14/29 | &nbsp;&nbsp; 210 | 210229 |
| 3.50%, 04/12/33 | &nbsp;&nbsp; 170 | 167066 |
| 3.63%, 09/17/31<sup>(c)</sup> | &nbsp;&nbsp; 35 | 35007 |
| 3.75%, 06/14/30<sup>(c)</sup> | &nbsp;&nbsp; 15 | 15137 |
| 3.88%, 10/28/41 | &nbsp;&nbsp; 75 | 69064 |
| 4.00%, 01/12/28 | &nbsp;&nbsp; 115 | 116167 |
| 4.13%, 02/15/29 | &nbsp;&nbsp; 235 | 239585 |
| 4.38%, 07/17/34 | &nbsp;&nbsp; 50 | 51687 |
| 4.38%, 07/16/35 | &nbsp;&nbsp; 15 | 15470 |
| 4.38%, 01/24/44 | &nbsp;&nbsp; 29 | 28031 |
| 4.50%, 02/15/30 | &nbsp;&nbsp; 240 | 248813 |
| International Bank for Reconstruction & Development |  |  |
| 0.75%, 11/24/27 | &nbsp;&nbsp; 224 | 214027 |
| 0.75%, 08/26/30 | &nbsp;&nbsp; 161 | 142650 |
| 0.88%, 05/14/30 | &nbsp;&nbsp; 179 | 160697 |
| 1.13%, 09/13/28 | &nbsp;&nbsp; 345 | 326166 |
| 1.25%, 02/10/31 | &nbsp;&nbsp; 191 | 171254 |
| 1.38%, 04/20/28 | &nbsp;&nbsp; 255 | 244332 |
| 1.63%, 11/03/31 | &nbsp;&nbsp; 225 | 201971 |
| 1.75%, 10/23/29 | &nbsp;&nbsp; 220 | 207127 |
| 2.50%, 11/22/27 | &nbsp;&nbsp; 115 | 113231 |
| 3.13%, 06/15/27 | &nbsp;&nbsp; 205 | 204072 |
| 3.50%, 07/12/28 | &nbsp;&nbsp; 245 | 245602 |
| 3.63%, 09/21/29<sup>(c)</sup> | &nbsp;&nbsp; 50 | 50264 |
| 3.88%, 10/16/29 | &nbsp;&nbsp; 300 | 304090 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| 3.88%, 02/14/30 | &nbsp;&nbsp; $185 | $187596 |
| 3.88%, 08/28/34 | &nbsp;&nbsp; 225 | 224651 |
| 4.00%, 07/25/30 | &nbsp;&nbsp; 90 | 91753 |
| 4.00%, 01/10/31 | &nbsp;&nbsp; 300 | 306043 |
| 4.00%, 05/06/32 | &nbsp;&nbsp; 10 | 10183 |
| 4.13%, 03/20/30 | &nbsp;&nbsp; 5 | 5117 |
| 4.38%, 08/27/35 | &nbsp;&nbsp; 250 | 258097 |
| 4.50%, 04/10/31 | &nbsp;&nbsp; 25 | 26070 |
| 4.63%, 08/01/28<sup>(c)</sup> | &nbsp;&nbsp; 225 | 231400 |
| 4.63%, 01/15/32 | &nbsp;&nbsp; 300 | 315185 |
| 4.75%, 11/14/33<sup>(c)</sup> | &nbsp;&nbsp; 240 | 254767 |
| 4.75%, 02/15/35 | &nbsp;&nbsp; 20 | 21168 |
| Nordic Investment Bank |  |  |
| 3.38%, 09/08/27 | &nbsp;&nbsp; 40 | 39960 |
| 3.75%, 05/09/30 | &nbsp;&nbsp; 15 | 15129 |
| 4.25%, 02/28/29 | &nbsp;&nbsp; 180 | 184157 |
| 4.38%, 03/14/28 | &nbsp;&nbsp; 5 | 5091 |
|  |  | 11507046 |
| **Sweden — 0.1%** | **Sweden — 0.1%** | **Sweden — 0.1%** |
| Kommuninvest I Sverige AB, 3.50%, 08/25/27<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19995 |
| Svensk Exportkredit AB |  |  |
| 2.25%, 03/22/27 | &nbsp;&nbsp; 235 | 231731 |
| 3.75%, 09/13/27 | &nbsp;&nbsp; 25 | 25090 |
| 4.13%, 06/14/28 | &nbsp;&nbsp; 50 | 50633 |
| 4.25%, 02/01/29 | &nbsp;&nbsp; 20 | 20412 |
| 4.88%, 10/04/30 | &nbsp;&nbsp; 65 | 68458 |
|  |  | 416319 |
| **United Arab Emirates — 0.3%** | **United Arab Emirates — 0.3%** | **United Arab Emirates — 0.3%** |
| Abu Dhabi Government International Bonds |  |  |
| 1.70%, 03/02/31<sup>(d)</sup> | &nbsp;&nbsp; 200 | 180138 |
| 1.88%, 09/15/31<sup>(d)</sup> | &nbsp;&nbsp; 200 | 179316 |
| 2.50%, 09/30/29<sup>(d)</sup> | &nbsp;&nbsp; 400 | 383032 |
| 3.13%, 10/11/27<sup>(d)</sup> | &nbsp;&nbsp; 200 | 198173 |
| 3.13%, 09/30/49<sup>(d)</sup> | &nbsp;&nbsp; 200 | 143226 |
| 3.88%, 04/16/50<sup>(d)</sup> | &nbsp;&nbsp; 200 | 161111 |
| 4.13%, 10/11/47<sup>(d)</sup> | &nbsp;&nbsp; 200 | 171723 |
| Dubai DOF Sukuk Ltd., 2.76%, 09/09/30<sup>(d)</sup> | &nbsp;&nbsp; 200 | 189438 |
| Finance Department Government of Sharjah, 3.63%, <br> 03/10/33<sup>(d)</sup><br>| &nbsp;&nbsp; 200 | 179069 |
| Sharjah Sukuk Program Ltd., 3.23%, 10/23/29<sup>(d)</sup> | &nbsp;&nbsp; 200 | 189712 |
| UAE International Government Bonds, 2.88%, <br> 10/19/41<sup>(d)</sup><br>| &nbsp;&nbsp; 400 | 309201 |
|  |  | 2284139 |
| **United Kingdom — 0.0%** | **United Kingdom — 0.0%** | **United Kingdom — 0.0%** |
| Bank of England Euro Note, 4.50%, 03/05/27<sup>(b)</sup> | &nbsp;&nbsp; 230 | 232237 |
| **Uruguay — 0.1%** | **Uruguay — 0.1%** | **Uruguay — 0.1%** |
| Uruguay Government International Bonds |  |  |
| 4.13%, 11/20/45 | &nbsp;&nbsp; 100 | 88853 |
| 4.38%, 01/23/31 | &nbsp;&nbsp; 110 | 111769 |
| 4.98%, 04/20/55 | &nbsp;&nbsp; 128 | 118512 |
| 5.10%, 06/18/50 | &nbsp;&nbsp; 169 | 162254 |
| 5.75%, 10/28/34 | &nbsp;&nbsp; 50 | 53697 |
| 7.63%, 03/21/36 | &nbsp;&nbsp; 70 | 85195 |
| 7.88%, 01/15/33, (7.88 % Cash)<sup>(e)</sup> | &nbsp;&nbsp; 85 | 101665 |
|  |  | 721945 |
| **Total Foreign Government Obligations — 6.4%** <br>**(Cost: $46,299,356)** | **Total Foreign Government Obligations — 6.4%** <br>**(Cost: $46,299,356)** | 46272951 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** |
| **Mortgage-Backed Securities — 21.1%** | **Mortgage-Backed Securities — 21.1%** | **Mortgage-Backed Securities — 21.1%** |
| Federal Home Loan Mortgage Corp. |  |  |
| 3.00%, 05/01/29 | &nbsp;&nbsp; $141 | $139406 |
| 4.00%, 01/01/48 | &nbsp;&nbsp; 29 | 28438 |
| Federal Home Loan Mortgage Corp. Multifamily <br> Structured Pass-Through Certificates<br>|  |  |
| 2.03%, 09/25/28 | &nbsp;&nbsp; 250 | 240261 |
| Series K070, Class A2, 3.30%, 11/25/27<sup>(a)</sup> | &nbsp;&nbsp; 200 | 198521 |
| Series K115, Class A2, 1.38%, 06/25/30 | &nbsp;&nbsp; 50 | 45393 |
| Series K131, Class A2, 1.85%, 07/25/31 | &nbsp;&nbsp; 1000 | 907175 |
| Series K739, Class A2, 1.34%, 09/25/27 | &nbsp;&nbsp; 176 | 170690 |
| Federal National Mortgage Association |  |  |
| Series 2017-M3, Class A2, 2.47%, 12/25/26<sup>(a)</sup> | &nbsp;&nbsp; 114 | 112505 |
| Series 2018-M12, Class A2, 3.63%, 08/25/30<sup>(a)</sup> | &nbsp;&nbsp; 47 | 46455 |
| Series 2021-M13, Class A2, 1.60%, 04/25/31<sup>(a)</sup> | &nbsp;&nbsp; 340 | 305612 |
| Series 2021-M17, Class A2, 1.71%, 07/25/31<sup>(a)</sup> | &nbsp;&nbsp; 250 | 225630 |
| Series 2022-M1, Class A2, 1.67%, 10/25/31<sup>(a)</sup> | &nbsp;&nbsp; 490 | 436297 |
| Government National Mortgage Association |  |  |
| 2.00%, 08/20/50 | &nbsp;&nbsp; 131 | 111149 |
| 2.00%, 11/20/50 | &nbsp;&nbsp; 351 | 297021 |
| 2.00%, 01/20/51 | &nbsp;&nbsp; 3429 | 2905971 |
| 2.00%, 02/20/51 | &nbsp;&nbsp; 1330 | 1126850 |
| 2.00%, 10/20/51 | &nbsp;&nbsp; 929 | 786907 |
| 2.00%, 12/20/51 | &nbsp;&nbsp; 322 | 272789 |
| 2.50%, 10/20/50 | &nbsp;&nbsp; 418 | 369455 |
| 2.50%, 01/20/51 | &nbsp;&nbsp; 149 | 132038 |
| 2.50%, 08/20/51 | &nbsp;&nbsp; 98 | 86584 |
| 2.50%, 11/20/51 | &nbsp;&nbsp; 2795 | 2467234 |
| 2.50%, 12/20/51 | &nbsp;&nbsp; 705 | 622268 |
| 2.50%, 02/20/52 | &nbsp;&nbsp; 1456 | 1284919 |
| 2.50%, 08/20/52 | &nbsp;&nbsp; 276 | 243960 |
| 3.00%, 03/20/45 | &nbsp;&nbsp; 25 | 23322 |
| 3.00%, 12/20/45 | &nbsp;&nbsp; 3 | 2806 |
| 3.00%, 01/20/46 | &nbsp;&nbsp; 3 | 2811 |
| 3.00%, 03/20/46 | &nbsp;&nbsp; 201 | 186954 |
| 3.00%, 05/20/46 | &nbsp;&nbsp; 2 | 1724 |
| 3.00%, 08/20/46 | &nbsp;&nbsp; 8 | 7469 |
| 3.00%, 09/20/46 | &nbsp;&nbsp; 73 | 67530 |
| 3.00%, 04/20/49 | &nbsp;&nbsp; 38 | 34790 |
| 3.00%, 10/15/49 | &nbsp;&nbsp; 25 | 22461 |
| 3.00%, 12/20/49 | &nbsp;&nbsp; 820 | 755473 |
| 3.00%, 02/20/50 | &nbsp;&nbsp; 285 | 262440 |
| 3.00%, 07/20/50 | &nbsp;&nbsp; 95 | 87579 |
| 3.00%, 12/20/50 | &nbsp;&nbsp; 130 | 119945 |
| 3.00%, 08/20/51 | &nbsp;&nbsp; 856 | 785407 |
| 3.00%, 09/20/51 | &nbsp;&nbsp; 721 | 661764 |
| 3.00%, 10/20/51 | &nbsp;&nbsp; 473 | 434087 |
| 3.00%, 11/20/51 | &nbsp;&nbsp; 110 | 100870 |
| 3.00%, 02/20/52 | &nbsp;&nbsp; 725 | 665406 |
| 3.50%, 10/20/42 | &nbsp;&nbsp; 586 | 567693 |
| 3.50%, 05/20/47 | &nbsp;&nbsp; 334 | 320858 |
| 3.50%, 09/20/47 | &nbsp;&nbsp; 642 | 616398 |
| 3.50%, 02/20/48 | &nbsp;&nbsp; 116 | 111499 |
| 3.50%, 03/20/49 | &nbsp;&nbsp; 279 | 267705 |
| 3.50%, 09/20/49 | &nbsp;&nbsp; 177 | 169043 |
| 3.50%, 10/20/49 | &nbsp;&nbsp; 117 | 112100 |
| 3.50%, 12/20/49 | &nbsp;&nbsp; 49 | 46935 |
| 3.50%, 01/20/50 | &nbsp;&nbsp; 262 | 250339 |
| 3.50%, 01/20/52 | &nbsp;&nbsp; 732 | 696287 |
| 3.50%, 02/20/52 | &nbsp;&nbsp; 260 | 247506 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 02/20/49 | &nbsp;&nbsp; $628 | $615673 |
| 4.00%, 01/20/50 | &nbsp;&nbsp; 35 | 34006 |
| 4.00%, 07/20/52 | &nbsp;&nbsp; 73 | 70942 |
| 4.00%, 08/20/52 | &nbsp;&nbsp; 268 | 260201 |
| 4.00%, 09/20/52 | &nbsp;&nbsp; 621 | 603670 |
| 4.00%, 12/20/52 | &nbsp;&nbsp; 182 | 176630 |
| 4.00%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 550 | 529030 |
| 4.50%, 07/20/41 | &nbsp;&nbsp; 140 | 142522 |
| 4.50%, 09/20/48 | &nbsp;&nbsp; 70 | 70413 |
| 4.50%, 01/20/49 | &nbsp;&nbsp; 140 | 140892 |
| 4.50%, 06/20/53 | &nbsp;&nbsp; 550 | 546218 |
| 4.50%, 10/20/54 | &nbsp;&nbsp; 468 | 463054 |
| 4.50%, 11/20/54 | &nbsp;&nbsp; 462 | 457157 |
| 4.50%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 1025 | 1012908 |
| 5.00%, 07/20/52 | &nbsp;&nbsp; 37 | 37485 |
| 5.00%, 09/20/52 | &nbsp;&nbsp; 380 | 383798 |
| 5.00%, 12/20/52 | &nbsp;&nbsp; 296 | 299210 |
| 5.00%, 01/20/53 | &nbsp;&nbsp; 259 | 261585 |
| 5.00%, 04/20/53 | &nbsp;&nbsp; 113 | 113772 |
| 5.00%, 11/20/53 | &nbsp;&nbsp; 277 | 279577 |
| 5.00%, 10/20/54 | &nbsp;&nbsp; 122 | 122542 |
| 5.00%, 11/20/54 | &nbsp;&nbsp; 947 | 951255 |
| 5.00%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 2115 | 2122176 |
| 5.50%, 12/20/52 | &nbsp;&nbsp; 474 | 484501 |
| 5.50%, 01/20/53 | &nbsp;&nbsp; 47 | 48042 |
| 5.50%, 04/20/53 | &nbsp;&nbsp; 260 | 266166 |
| 5.50%, 05/20/53 | &nbsp;&nbsp; 102 | 104291 |
| 5.50%, 06/20/53 | &nbsp;&nbsp; 139 | 141911 |
| 5.50%, 07/20/53 | &nbsp;&nbsp; 232 | 238481 |
| 5.50%, 09/20/53 | &nbsp;&nbsp; 507 | 517829 |
| 5.50%, 10/20/54 | &nbsp;&nbsp; 528 | 536855 |
| 5.50%, 12/20/54 | &nbsp;&nbsp; 77 | 77696 |
| 5.50%, 11/20/55 | &nbsp;&nbsp; 100 | 101712 |
| 5.50%, 02/20/56 | &nbsp;&nbsp; 309 | 313686 |
| 5.50%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 1675 | 1696375 |
| 6.00%, 09/20/53 | &nbsp;&nbsp; 81 | 83115 |
| 6.00%, 10/20/53 | &nbsp;&nbsp; 124 | 127044 |
| 6.00%, 07/20/54 | &nbsp;&nbsp; 526 | 538530 |
| 6.00%, 08/20/54 | &nbsp;&nbsp; 642 | 657364 |
| 6.00%, 07/20/55 | &nbsp;&nbsp; 151 | 153570 |
| 6.00%, 09/20/55 | &nbsp;&nbsp; 259 | 264924 |
| 6.00%, 03/19/56<sup>(i)</sup> | &nbsp;&nbsp; 625 | 637537 |
| 6.50%, 10/20/53 | &nbsp;&nbsp; 16 | 17077 |
| 6.50%, 03/15/55<sup>(i)</sup> | &nbsp;&nbsp; 250 | 259909 |
| 6.50%, 04/15/55<sup>(i)</sup> | &nbsp;&nbsp; 275 | 285577 |
| 6.50%, 08/20/55 | &nbsp;&nbsp; 150 | 155552 |
| 6.50%, 09/20/55 | &nbsp;&nbsp; 176 | 182661 |
| 6.50%, 11/20/55 | &nbsp;&nbsp; 198 | 206452 |
| 6.50%, 12/20/55 | &nbsp;&nbsp; 209 | 217523 |
| Uniform Mortgage-Backed Securities |  |  |
| 1.50%, 03/01/36 | &nbsp;&nbsp; 122 | 111721 |
| 1.50%, 10/01/36 | &nbsp;&nbsp; 49 | 44406 |
| 1.50%, 02/01/37 | &nbsp;&nbsp; 997 | 910356 |
| 1.50%, 03/01/37 | &nbsp;&nbsp; 1252 | 1141197 |
| 1.50%, 04/01/37 | &nbsp;&nbsp; 97 | 88671 |
| 1.50%, 08/01/37 | &nbsp;&nbsp; 85 | 77653 |
| 1.50%, 03/17/41<sup>(i)</sup> | &nbsp;&nbsp; 200 | 182361 |
| 1.50%, 11/01/50 | &nbsp;&nbsp; 384 | 305464 |
| 1.50%, 03/01/51 | &nbsp;&nbsp; 549 | 436959 |
| 1.50%, 04/01/51 | &nbsp;&nbsp; 402 | 320192 |
| 1.50%, 05/01/51 | &nbsp;&nbsp; 774 | 615657 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 1.50%, 07/01/51 | &nbsp;&nbsp; $1391 | $1107207 |
| 2.00%, 12/01/35 | &nbsp;&nbsp; 33 | 31263 |
| 2.00%, 02/01/36 | &nbsp;&nbsp; 540 | 505864 |
| 2.00%, 03/01/36 | &nbsp;&nbsp; 109 | 101453 |
| 2.00%, 04/01/36 | &nbsp;&nbsp; 40 | 37639 |
| 2.00%, 05/01/36 | &nbsp;&nbsp; 79 | 74103 |
| 2.00%, 06/01/36 | &nbsp;&nbsp; 447 | 417869 |
| 2.00%, 08/01/36 | &nbsp;&nbsp; 297 | 276998 |
| 2.00%, 09/01/36 | &nbsp;&nbsp; 541 | 504735 |
| 2.00%, 10/01/36 | &nbsp;&nbsp; 176 | 164735 |
| 2.00%, 11/01/36 | &nbsp;&nbsp; 156 | 146287 |
| 2.00%, 12/01/36 | &nbsp;&nbsp; 339 | 316922 |
| 2.00%, 01/01/37 | &nbsp;&nbsp; 457 | 427111 |
| 2.00%, 02/01/37 | &nbsp;&nbsp; 575 | 536747 |
| 2.00%, 04/01/37 | &nbsp;&nbsp; 1495 | 1392894 |
| 2.00%, 05/01/37 | &nbsp;&nbsp; 227 | 211618 |
| 2.00%, 06/01/37 | &nbsp;&nbsp; 500 | 465671 |
| 2.00%, 03/17/41<sup>(i)</sup> | &nbsp;&nbsp; 100 | 93165 |
| 2.00%, 07/01/50 | &nbsp;&nbsp; 222 | 185850 |
| 2.00%, 08/01/50 | &nbsp;&nbsp; 661 | 558117 |
| 2.00%, 09/01/50 | &nbsp;&nbsp; 286 | 239860 |
| 2.00%, 10/01/50 | &nbsp;&nbsp; 655 | 549467 |
| 2.00%, 11/01/50 | &nbsp;&nbsp; 1457 | 1219351 |
| 2.00%, 12/01/50 | &nbsp;&nbsp; 50 | 41784 |
| 2.00%, 01/01/51 | &nbsp;&nbsp; 589 | 493841 |
| 2.00%, 02/01/51 | &nbsp;&nbsp; 296 | 248604 |
| 2.00%, 03/01/51 | &nbsp;&nbsp; 1852 | 1549454 |
| 2.00%, 04/01/51 | &nbsp;&nbsp; 1120 | 936376 |
| 2.00%, 05/01/51 | &nbsp;&nbsp; 921 | 770627 |
| 2.00%, 06/01/51 | &nbsp;&nbsp; 695 | 582879 |
| 2.00%, 07/01/51 | &nbsp;&nbsp; 534 | 447191 |
| 2.00%, 08/01/51 | &nbsp;&nbsp; 1714 | 1429960 |
| 2.00%, 10/01/51 | &nbsp;&nbsp; 2398 | 2005244 |
| 2.00%, 11/01/51 | &nbsp;&nbsp; 2021 | 1688549 |
| 2.00%, 12/01/51 | &nbsp;&nbsp; 2207 | 1855477 |
| 2.00%, 01/01/52 | &nbsp;&nbsp; 2322 | 1938731 |
| 2.00%, 02/01/52 | &nbsp;&nbsp; 382 | 317744 |
| 2.00%, 04/01/52 | &nbsp;&nbsp; 996 | 829712 |
| 2.00%, 10/01/52 | &nbsp;&nbsp; 2182 | 1817388 |
| 2.00%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 1400 | 1159527 |
| 2.50%, 07/01/32 | &nbsp;&nbsp; 192 | 187128 |
| 2.50%, 11/01/34 | &nbsp;&nbsp; 26 | 25237 |
| 2.50%, 10/01/35 | &nbsp;&nbsp; 79 | 75845 |
| 2.50%, 03/01/36 | &nbsp;&nbsp; 62 | 59582 |
| 2.50%, 05/01/36 | &nbsp;&nbsp; 335 | 320126 |
| 2.50%, 06/01/36 | &nbsp;&nbsp; 62 | 58925 |
| 2.50%, 07/01/36 | &nbsp;&nbsp; 247 | 236209 |
| 2.50%, 08/01/36 | &nbsp;&nbsp; 108 | 102868 |
| 2.50%, 04/01/37 | &nbsp;&nbsp; 240 | 229794 |
| 2.50%, 05/01/37 | &nbsp;&nbsp; 272 | 259145 |
| 2.50%, 06/01/37 | &nbsp;&nbsp; 273 | 259930 |
| 2.50%, 03/17/41<sup>(i)</sup> | &nbsp;&nbsp; 250 | 238324 |
| 2.50%, 10/01/50 | &nbsp;&nbsp; 79 | 69617 |
| 2.50%, 11/01/50 | &nbsp;&nbsp; 1058 | 931550 |
| 2.50%, 12/01/50 | &nbsp;&nbsp; 249 | 217597 |
| 2.50%, 01/01/51 | &nbsp;&nbsp; 247 | 214967 |
| 2.50%, 03/01/51 | &nbsp;&nbsp; 444 | 390043 |
| 2.50%, 04/01/51 | &nbsp;&nbsp; 118 | 102031 |
| 2.50%, 07/01/51 | &nbsp;&nbsp; 1573 | 1374811 |
| 2.50%, 08/01/51 | &nbsp;&nbsp; 1192 | 1050020 |
| 2.50%, 09/01/51 | &nbsp;&nbsp; 1328 | 1162986 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.50%, 10/01/51 | &nbsp;&nbsp; $928 | $810583 |
| 2.50%, 11/01/51 | &nbsp;&nbsp; 2013 | 1757642 |
| 2.50%, 12/01/51 | &nbsp;&nbsp; 2818 | 2470700 |
| 2.50%, 01/01/52 | &nbsp;&nbsp; 2612 | 2274680 |
| 2.50%, 02/01/52 | &nbsp;&nbsp; 371 | 325478 |
| 2.50%, 04/01/52 | &nbsp;&nbsp; 2458 | 2142158 |
| 2.50%, 07/01/52 | &nbsp;&nbsp; 130 | 113420 |
| 2.50%, 01/01/54 | &nbsp;&nbsp; 413 | 360677 |
| 2.50%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 575 | 498118 |
| 3.00%, 03/01/30 | &nbsp;&nbsp; 38 | 37060 |
| 3.00%, 09/01/34 | &nbsp;&nbsp; 258 | 251775 |
| 3.00%, 03/01/35 | &nbsp;&nbsp; 24 | 23213 |
| 3.00%, 07/01/35 | &nbsp;&nbsp; 18 | 17284 |
| 3.00%, 07/01/38 | &nbsp;&nbsp; 173 | 167929 |
| 3.00%, 03/17/41<sup>(i)</sup> | &nbsp;&nbsp; 400 | 387243 |
| 3.00%, 11/01/46 | &nbsp;&nbsp; 75 | 69819 |
| 3.00%, 04/01/48 | &nbsp;&nbsp; 478 | 448254 |
| 3.00%, 11/01/48 | &nbsp;&nbsp; 99 | 91899 |
| 3.00%, 02/01/49 | &nbsp;&nbsp; 689 | 640530 |
| 3.00%, 12/01/49 | &nbsp;&nbsp; 977 | 900052 |
| 3.00%, 08/01/50 | &nbsp;&nbsp; 138 | 127374 |
| 3.00%, 10/01/50 | &nbsp;&nbsp; 214 | 194523 |
| 3.00%, 01/01/51 | &nbsp;&nbsp; 61 | 56047 |
| 3.00%, 04/01/51 | &nbsp;&nbsp; 67 | 60706 |
| 3.00%, 07/01/51 | &nbsp;&nbsp; 875 | 799789 |
| 3.00%, 08/01/51 | &nbsp;&nbsp; 355 | 323147 |
| 3.00%, 11/01/51 | &nbsp;&nbsp; 54 | 48812 |
| 3.00%, 01/01/52 | &nbsp;&nbsp; 1006 | 921526 |
| 3.00%, 02/01/52 | &nbsp;&nbsp; 371 | 337502 |
| 3.00%, 04/01/52 | &nbsp;&nbsp; 3835 | 3497225 |
| 3.00%, 05/01/52 | &nbsp;&nbsp; 1197 | 1089557 |
| 3.50%, 02/01/34 | &nbsp;&nbsp; 66 | 65528 |
| 3.50%, 03/17/41<sup>(i)</sup> | &nbsp;&nbsp; 425 | 415615 |
| 3.50%, 07/01/45 | &nbsp;&nbsp; 1351 | 1294546 |
| 3.50%, 07/01/47 | &nbsp;&nbsp; 47 | 45190 |
| 3.50%, 09/01/47 | &nbsp;&nbsp; 487 | 464646 |
| 3.50%, 10/01/47 | &nbsp;&nbsp; 251 | 239969 |
| 3.50%, 11/01/47 | &nbsp;&nbsp; 62 | 59021 |
| 3.50%, 02/01/48 | &nbsp;&nbsp; 301 | 286956 |
| 3.50%, 02/01/49 | &nbsp;&nbsp; 47 | 45138 |
| 3.50%, 03/01/49 | &nbsp;&nbsp; 194 | 185371 |
| 3.50%, 06/01/49 | &nbsp;&nbsp; 284 | 270851 |
| 3.50%, 08/01/49 | &nbsp;&nbsp; 56 | 53711 |
| 3.50%, 12/01/49 | &nbsp;&nbsp; 248 | 235016 |
| 3.50%, 02/01/51 | &nbsp;&nbsp; 1362 | 1295815 |
| 3.50%, 10/01/51 | &nbsp;&nbsp; 602 | 572836 |
| 3.50%, 06/01/52 | &nbsp;&nbsp; 745 | 707550 |
| 3.50%, 07/01/52 | &nbsp;&nbsp; 251 | 238658 |
| 3.50%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 1200 | 1130737 |
| 4.00%, 08/01/37 | &nbsp;&nbsp; 23 | 22878 |
| 4.00%, 09/01/37 | &nbsp;&nbsp; 32 | 31727 |
| 4.00%, 11/01/37 | &nbsp;&nbsp; 44 | 43868 |
| 4.00%, 02/01/38 | &nbsp;&nbsp; 23 | 22658 |
| 4.00%, 05/01/38 | &nbsp;&nbsp; 21 | 20380 |
| 4.00%, 11/01/38 | &nbsp;&nbsp; 13 | 12637 |
| 4.00%, 11/01/39 | &nbsp;&nbsp; 203 | 201705 |
| 4.00%, 12/01/39 | &nbsp;&nbsp; 123 | 122478 |
| 4.00%, 03/15/40<sup>(i)</sup> | &nbsp;&nbsp; 1400 | 1387908 |
| 4.00%, 09/01/47 | &nbsp;&nbsp; 32 | 30944 |
| 4.00%, 05/01/48 | &nbsp;&nbsp; 925 | 907832 |
| 4.00%, 09/01/48 | &nbsp;&nbsp; 279 | 273919 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 03/01/49 | &nbsp;&nbsp; $142 | $139821 |
| 4.00%, 07/01/49 | &nbsp;&nbsp; 569 | 558200 |
| 4.00%, 08/01/49 | &nbsp;&nbsp; 201 | 198137 |
| 4.00%, 04/01/50 | &nbsp;&nbsp; 416 | 408116 |
| 4.00%, 05/01/50 | &nbsp;&nbsp; 203 | 199102 |
| 4.00%, 03/01/51 | &nbsp;&nbsp; 999 | 978940 |
| 4.00%, 05/01/52 | &nbsp;&nbsp; 419 | 409526 |
| 4.00%, 06/01/52 | &nbsp;&nbsp; 546 | 532456 |
| 4.00%, 08/01/52 | &nbsp;&nbsp; 507 | 493538 |
| 4.00%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 900 | 874632 |
| 4.50%, 04/01/49 | &nbsp;&nbsp; 66 | 66478 |
| 4.50%, 09/01/50 | &nbsp;&nbsp; 313 | 313447 |
| 4.50%, 10/01/50 | &nbsp;&nbsp; 112 | 112062 |
| 4.50%, 05/01/52 | &nbsp;&nbsp; 118 | 118534 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 638 | 633608 |
| 4.50%, 09/01/52 | &nbsp;&nbsp; 872 | 867033 |
| 4.50%, 10/01/52 | &nbsp;&nbsp; 1608 | 1601694 |
| 4.50%, 11/01/52 | &nbsp;&nbsp; 36 | 36173 |
| 4.50%, 12/01/52 | &nbsp;&nbsp; 264 | 264053 |
| 4.50%, 08/01/53 | &nbsp;&nbsp; 34 | 33341 |
| 4.50%, 03/01/55 | &nbsp;&nbsp; 238 | 235068 |
| 4.50%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 500 | 494425 |
| 5.00%, 09/01/49 | &nbsp;&nbsp; 20 | 20665 |
| 5.00%, 08/01/52 | &nbsp;&nbsp; 94 | 95118 |
| 5.00%, 09/01/52 | &nbsp;&nbsp; 224 | 227660 |
| 5.00%, 10/01/52 | &nbsp;&nbsp; 333 | 339072 |
| 5.00%, 11/01/52 | &nbsp;&nbsp; 287 | 291605 |
| 5.00%, 12/01/52 | &nbsp;&nbsp; 244 | 248091 |
| 5.00%, 01/01/53 | &nbsp;&nbsp; 693 | 702911 |
| 5.00%, 03/01/53 | &nbsp;&nbsp; 74 | 75818 |
| 5.00%, 04/01/53 | &nbsp;&nbsp; 202 | 203639 |
| 5.00%, 06/01/53 | &nbsp;&nbsp; 175 | 178393 |
| 5.00%, 10/01/54 | &nbsp;&nbsp; 768 | 771729 |
| 5.00%, 11/01/54 | &nbsp;&nbsp; 598 | 601485 |
| 5.00%, 12/01/54 | &nbsp;&nbsp; 1393 | 1410192 |
| 5.00%, 01/01/55 | &nbsp;&nbsp; 351 | 354511 |
| 5.00%, 11/01/55 | &nbsp;&nbsp; 284 | 287227 |
| 5.00%, 12/01/55 | &nbsp;&nbsp; 1234 | 1246075 |
| 5.00%, 01/01/56 | &nbsp;&nbsp; 175 | 175916 |
| 5.00%, 03/15/56<sup>(i)</sup> | &nbsp;&nbsp; 675 | 678028 |
| 5.50%, 09/01/52 | &nbsp;&nbsp; 90 | 93753 |
| 5.50%, 11/01/52 | &nbsp;&nbsp; 265 | 273232 |
| 5.50%, 12/01/52 | &nbsp;&nbsp; 508 | 525309 |
| 5.50%, 01/01/53 | &nbsp;&nbsp; 1108 | 1140176 |
| 5.50%, 02/01/53 | &nbsp;&nbsp; 616 | 629666 |
| 5.50%, 03/01/53 | &nbsp;&nbsp; 795 | 813796 |
| 5.50%, 04/01/53 | &nbsp;&nbsp; 130 | 134009 |
| 5.50%, 05/01/53 | &nbsp;&nbsp; 1721 | 1755737 |
| 5.50%, 06/01/53 | &nbsp;&nbsp; 39 | 39578 |
| 5.50%, 03/01/54 | &nbsp;&nbsp; 522 | 532396 |
| 5.50%, 05/01/54 | &nbsp;&nbsp; 258 | 265111 |
| 5.50%, 11/01/54 | &nbsp;&nbsp; 1106 | 1136905 |
| 5.50%, 03/01/55 | &nbsp;&nbsp; 255 | 261005 |
| 5.50%, 04/01/55 | &nbsp;&nbsp; 198 | 204889 |
| 5.50%, 05/01/55 | &nbsp;&nbsp; 377 | 384190 |
| 5.50%, 07/01/55<sup>(a)</sup> | &nbsp;&nbsp; 504 | 514117 |
| 5.50%, 08/01/55 | &nbsp;&nbsp; 49 | 49924 |
| 5.50%, 10/01/55 | &nbsp;&nbsp; 81 | 83908 |
| 5.50%, 11/01/55 | &nbsp;&nbsp; 354 | 363318 |
| 5.50%, 12/01/55 | &nbsp;&nbsp; 433 | 444718 |
| 5.50%, 01/01/56 | &nbsp;&nbsp; 212 | 216994 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 02/01/56 | &nbsp;&nbsp; $302 | $309464 |
| 5.50%, 03/12/56<sup>(i)</sup> | &nbsp;&nbsp; 2030 | 2062547 |
| 6.00%, 12/01/52 | &nbsp;&nbsp; 55 | 57000 |
| 6.00%, 01/01/53 | &nbsp;&nbsp; 56 | 59161 |
| 6.00%, 06/01/53 | &nbsp;&nbsp; 67 | 69316 |
| 6.00%, 07/01/53 | &nbsp;&nbsp; 158 | 162086 |
| 6.00%, 08/01/53 | &nbsp;&nbsp; 256 | 266630 |
| 6.00%, 09/01/53 | &nbsp;&nbsp; 340 | 352372 |
| 6.00%, 11/01/53 | &nbsp;&nbsp; 506 | 522636 |
| 6.00%, 12/01/53 | &nbsp;&nbsp; 158 | 164663 |
| 6.00%, 01/01/54 | &nbsp;&nbsp; 266 | 274069 |
| 6.00%, 02/01/54 | &nbsp;&nbsp; 93 | 96490 |
| 6.00%, 03/01/54 | &nbsp;&nbsp; 212 | 218467 |
| 6.00%, 05/01/54 | &nbsp;&nbsp; 1056 | 1094998 |
| 6.00%, 08/01/54 | &nbsp;&nbsp; 878 | 903231 |
| 6.00%, 09/01/54 | &nbsp;&nbsp; 385 | 400054 |
| 6.00%, 10/01/54 | &nbsp;&nbsp; 238 | 244445 |
| 6.00%, 02/01/55 | &nbsp;&nbsp; 354 | 366950 |
| 6.00%, 03/01/55 | &nbsp;&nbsp; 373 | 385024 |
| 6.00%, 03/15/55<sup>(i)</sup> | &nbsp;&nbsp; 975 | 1000046 |
| 6.00%, 04/01/55 | &nbsp;&nbsp; 113 | 117111 |
| 6.00%, 05/01/55 | &nbsp;&nbsp; 338 | 347619 |
| 6.00%, 06/01/55 | &nbsp;&nbsp; 64 | 65863 |
| 6.00%, 07/01/55 | &nbsp;&nbsp; 806 | 828353 |
| 6.00%, 08/01/55 | &nbsp;&nbsp; 161 | 166262 |
| 6.00%, 09/01/55 | &nbsp;&nbsp; 329 | 338771 |
| 6.50%, 10/01/53 | &nbsp;&nbsp; 38 | 39842 |
| 6.50%, 11/01/53 | &nbsp;&nbsp; 47 | 49274 |
| 6.50%, 12/01/53 | &nbsp;&nbsp; 389 | 407941 |
| 6.50%, 01/01/54 | &nbsp;&nbsp; 562 | 592666 |
| 6.50%, 02/01/54 | &nbsp;&nbsp; 488 | 515973 |
| 6.50%, 03/01/54 | &nbsp;&nbsp; 172 | 178934 |
| 6.50%, 08/01/54 | &nbsp;&nbsp; 650 | 680161 |
| 6.50%, 09/01/54 | &nbsp;&nbsp; 282 | 295585 |
| 6.50%, 01/01/55 | &nbsp;&nbsp; 631 | 662581 |
| 6.50%, 03/15/55<sup>(i)</sup> | &nbsp;&nbsp; 150 | 155791 |
| 6.50%, 04/01/55 | &nbsp;&nbsp; 344 | 359762 |
| 6.50%, 07/01/55 | &nbsp;&nbsp; 106 | 111229 |
| 6.50%, 08/01/55 | &nbsp;&nbsp; 185 | 194379 |
| 6.50%, 09/01/55 | &nbsp;&nbsp; 121 | 127157 |
|  |  | 153196174 |
| **U.S. Government Obligations — 39.5%** | **U.S. Government Obligations — 39.5%** | **U.S. Government Obligations — 39.5%** |
| U.S. Treasury Bonds |  |  |
| 1.13%, 05/15/40 | &nbsp;&nbsp; 640 | 420100 |
| 1.13%, 08/15/40 | &nbsp;&nbsp; 1590 | 1033500 |
| 1.25%, 05/15/50 | &nbsp;&nbsp; 1482 | 742389 |
| 1.38%, 11/15/40 | &nbsp;&nbsp; 1650 | 1108078 |
| 1.38%, 08/15/50 | &nbsp;&nbsp; 1440 | 741375 |
| 1.63%, 11/15/50 | &nbsp;&nbsp; 1600 | 878000 |
| 1.75%, 08/15/41 | &nbsp;&nbsp; 1855 | 1295312 |
| 1.88%, 02/15/41 | &nbsp;&nbsp; 1727 | 1246678 |
| 1.88%, 02/15/51 | &nbsp;&nbsp; 1770 | 1032684 |
| 1.88%, 11/15/51 | &nbsp;&nbsp; 1690 | 975447 |
| 2.00%, 11/15/41 | &nbsp;&nbsp; 1402 | 1011850 |
| 2.00%, 02/15/50 | &nbsp;&nbsp; 1400 | 856187 |
| 2.00%, 08/15/51 | &nbsp;&nbsp; 1364 | 815842 |
| 2.25%, 05/15/41 | &nbsp;&nbsp; 1435 | 1090152 |
| 2.25%, 08/15/46 | &nbsp;&nbsp; 1033 | 706637 |
| 2.25%, 08/15/49 | &nbsp;&nbsp; 500 | 326250 |
| 2.25%, 02/15/52 | &nbsp;&nbsp; 1483 | 938229 |
| 2.38%, 02/15/42 | &nbsp;&nbsp; 1275 | 969598 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 2.38%, 11/15/49 | &nbsp;&nbsp; $500 | $334219 |
| 2.38%, 05/15/51 | &nbsp;&nbsp; 1807 | 1186408 |
| 2.50%, 02/15/45 | &nbsp;&nbsp; 1075 | 788949 |
| 2.50%, 02/15/46 | &nbsp;&nbsp; 760 | 549219 |
| 2.50%, 05/15/46 | &nbsp;&nbsp; 900 | 648000 |
| 2.75%, 08/15/42 | &nbsp;&nbsp; 290 | 231275 |
| 2.75%, 11/15/42 | &nbsp;&nbsp; 400 | 317438 |
| 2.75%, 08/15/47 | &nbsp;&nbsp; 550 | 407773 |
| 2.75%, 11/15/47 | &nbsp;&nbsp; 600 | 443625 |
| 2.88%, 05/15/43 | &nbsp;&nbsp; 200 | 160375 |
| 2.88%, 08/15/45 | &nbsp;&nbsp; 556 | 432203 |
| 2.88%, 11/15/46 | &nbsp;&nbsp; 600 | 459656 |
| 2.88%, 05/15/49 | &nbsp;&nbsp; 200 | 148969 |
| 2.88%, 05/15/52 | &nbsp;&nbsp; 1300 | 944531 |
| 3.00%, 05/15/42 | &nbsp;&nbsp; 250 | 207656 |
| 3.00%, 11/15/44 | &nbsp;&nbsp; 500 | 400313 |
| 3.00%, 05/15/45 | &nbsp;&nbsp; 44 | 35035 |
| 3.00%, 11/15/45 | &nbsp;&nbsp; 400 | 316563 |
| 3.00%, 02/15/47 | &nbsp;&nbsp; 500 | 390391 |
| 3.00%, 05/15/47 | &nbsp;&nbsp; 600 | 466969 |
| 3.00%, 02/15/48 | &nbsp;&nbsp; 800 | 617625 |
| 3.00%, 08/15/48 | &nbsp;&nbsp; 700 | 537797 |
| 3.00%, 02/15/49 | &nbsp;&nbsp; 300 | 229359 |
| 3.00%, 08/15/52 | &nbsp;&nbsp; 1138 | 847454 |
| 3.13%, 02/15/43 | &nbsp;&nbsp; 500 | 417578 |
| 3.13%, 08/15/44 | &nbsp;&nbsp; 500 | 409609 |
| 3.13%, 05/15/48 | &nbsp;&nbsp; 550 | 433211 |
| 3.25%, 05/15/42 | &nbsp;&nbsp; 896 | 770280 |
| 3.38%, 08/15/42 | &nbsp;&nbsp; 826 | 719782 |
| 3.38%, 05/15/44 | &nbsp;&nbsp; 100 | 85328 |
| 3.63%, 08/15/43 | &nbsp;&nbsp; 200 | 178188 |
| 3.63%, 02/15/53 | &nbsp;&nbsp; 1114 | 935238 |
| 3.63%, 05/15/53 | &nbsp;&nbsp; 1220 | 1023656 |
| 3.75%, 11/15/43 | &nbsp;&nbsp; 300 | 271172 |
| 3.88%, 02/15/43 | &nbsp;&nbsp; 488 | 452163 |
| 3.88%, 05/15/43 | &nbsp;&nbsp; 637 | 588827 |
| 4.00%, 11/15/42 | &nbsp;&nbsp; 488 | 460397 |
| 4.00%, 11/15/52 | &nbsp;&nbsp; 1129 | 1014512 |
| 4.13%, 08/15/44 | &nbsp;&nbsp; 1178 | 1115603 |
| 4.13%, 08/15/53 | &nbsp;&nbsp; 1338 | 1227615 |
| 4.25%, 05/15/39 | &nbsp;&nbsp; 400 | 401625 |
| 4.25%, 02/15/54 | &nbsp;&nbsp; 1454 | 1361989 |
| 4.25%, 08/15/54 | &nbsp;&nbsp; 1499 | 1404610 |
| 4.38%, 08/15/43 | &nbsp;&nbsp; 1157 | 1138199 |
| 4.50%, 02/15/36 | &nbsp;&nbsp; 100 | 104891 |
| 4.50%, 02/15/44 | &nbsp;&nbsp; 1006 | 1003013 |
| 4.50%, 11/15/54 | &nbsp;&nbsp; 1342 | 1311176 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 599 | 605926 |
| 4.63%, 11/15/44 | &nbsp;&nbsp; 707 | 713739 |
| 4.63%, 11/15/45 | &nbsp;&nbsp; 758 | 763093 |
| 4.63%, 05/15/54 | &nbsp;&nbsp; 1394 | 1389644 |
| 4.63%, 02/15/55 | &nbsp;&nbsp; 1127 | 1124182 |
| 4.63%, 11/15/55 | &nbsp;&nbsp; 1216 | 1214100 |
| 4.75%, 02/15/37 | &nbsp;&nbsp; 600 | 640406 |
| 4.75%, 11/15/43 | &nbsp;&nbsp; 885 | 911135 |
| 4.75%, 02/15/45 | &nbsp;&nbsp; 573 | 587415 |
| 4.75%, 11/15/53 | &nbsp;&nbsp; 1384 | 1406490 |
| 4.75%, 05/15/55 | &nbsp;&nbsp; 1231 | 1252927 |
| 4.75%, 08/15/55 | &nbsp;&nbsp; 1310 | 1334153 |
| 4.88%, 08/15/45 | &nbsp;&nbsp; 679 | 706372 |
| 5.00%, 05/15/37 | &nbsp;&nbsp; 400 | 436125 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 5.00%, 05/15/45 | &nbsp;&nbsp; $852 | $900724 |
| U.S. Treasury Notes |  |  |
| 0.38%, 09/30/27 | &nbsp;&nbsp; 1100 | 1048953 |
| 0.50%, 05/31/27 | &nbsp;&nbsp; 1000 | 963984 |
| 0.50%, 08/31/27 | &nbsp;&nbsp; 780 | 746941 |
| 0.50%, 10/31/27 | &nbsp;&nbsp; 560 | 533772 |
| 0.63%, 03/31/27 | &nbsp;&nbsp; 800 | 775875 |
| 0.63%, 11/30/27 | &nbsp;&nbsp; 700 | 667270 |
| 0.63%, 12/31/27 | &nbsp;&nbsp; 1445 | 1374443 |
| 0.63%, 05/15/30 | &nbsp;&nbsp; 115 | 102269 |
| 0.63%, 08/15/30 | &nbsp;&nbsp; 2050 | 1809285 |
| 0.75%, 01/31/28 | &nbsp;&nbsp; 1700 | 1617457 |
| 0.88%, 11/15/30 | &nbsp;&nbsp; 1190 | 1055009 |
| 1.00%, 07/31/28 | &nbsp;&nbsp; 1570 | 1484018 |
| 1.13%, 02/29/28 | &nbsp;&nbsp; 1585 | 1516337 |
| 1.13%, 08/31/28 | &nbsp;&nbsp; 200 | 189281 |
| 1.13%, 02/15/31 | &nbsp;&nbsp; 1015 | 905887 |
| 1.25%, 03/31/28 | &nbsp;&nbsp; 1720 | 1646766 |
| 1.25%, 04/30/28 | &nbsp;&nbsp; 1400 | 1338094 |
| 1.25%, 05/31/28 | &nbsp;&nbsp; 1600 | 1526625 |
| 1.25%, 06/30/28 | &nbsp;&nbsp; 1660 | 1581280 |
| 1.25%, 09/30/28 | &nbsp;&nbsp; 1700 | 1610750 |
| 1.25%, 08/15/31 | &nbsp;&nbsp; 1950 | 1726055 |
| 1.38%, 10/31/28 | &nbsp;&nbsp; 650 | 616941 |
| 1.38%, 12/31/28 | &nbsp;&nbsp; 1400 | 1324531 |
| 1.38%, 11/15/31 | &nbsp;&nbsp; 2650 | 2346078 |
| 1.50%, 11/30/28 | &nbsp;&nbsp; 1300 | 1236117 |
| 1.63%, 05/15/31 | &nbsp;&nbsp; 1927 | 1751312 |
| 1.75%, 01/31/29 | &nbsp;&nbsp; 723 | 690183 |
| 1.88%, 02/28/29 | &nbsp;&nbsp; 1050 | 1004801 |
| 1.88%, 02/15/32 | &nbsp;&nbsp; 2150 | 1948102 |
| 2.25%, 08/15/27 | &nbsp;&nbsp; 700 | 688215 |
| 2.25%, 11/15/27 | &nbsp;&nbsp; 1000 | 980781 |
| 2.38%, 05/15/27 | &nbsp;&nbsp; 600 | 592102 |
| 2.38%, 03/31/29 | &nbsp;&nbsp; 680 | 659706 |
| 2.38%, 05/15/29 | &nbsp;&nbsp; 1000 | 968906 |
| 2.50%, 03/31/27 | &nbsp;&nbsp; 1030 | 1019096 |
| 2.63%, 05/31/27 | &nbsp;&nbsp; 1400 | 1385289 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 1000 | 978437 |
| 2.63%, 07/31/29 | &nbsp;&nbsp; 1000 | 974531 |
| 2.75%, 04/30/27 | &nbsp;&nbsp; 213 | 211211 |
| 2.75%, 07/31/27 | &nbsp;&nbsp; 1000 | 990391 |
| 2.75%, 02/15/28 | &nbsp;&nbsp; 1400 | 1383320 |
| 2.75%, 05/31/29 | &nbsp;&nbsp; 900 | 881789 |
| 2.75%, 08/15/32 | &nbsp;&nbsp; 2400 | 2271938 |
| 2.88%, 05/15/28 | &nbsp;&nbsp; 1000 | 989062 |
| 2.88%, 08/15/28 | &nbsp;&nbsp; 600 | 592828 |
| 2.88%, 04/30/29 | &nbsp;&nbsp; 800 | 787312 |
| 2.88%, 05/15/32 | &nbsp;&nbsp; 2000 | 1912969 |
| 3.13%, 11/15/28 | &nbsp;&nbsp; 1100 | 1092523 |
| 3.13%, 08/31/29 | &nbsp;&nbsp; 1900 | 1880852 |
| 3.25%, 06/30/27 | &nbsp;&nbsp; 900 | 897539 |
| 3.25%, 06/30/29 | &nbsp;&nbsp; 1618 | 1609531 |
| 3.38%, 09/15/27 | &nbsp;&nbsp; 833 | 832252 |
| 3.38%, 11/30/27 | &nbsp;&nbsp; 1500 | 1499121 |
| 3.38%, 12/31/27 | &nbsp;&nbsp; 1810 | 1809152 |
| 3.38%, 09/15/28 | &nbsp;&nbsp; 282 | 281912 |
| 3.38%, 05/15/33 | &nbsp;&nbsp; 1778 | 1736606 |
| 3.50%, 09/30/27 | &nbsp;&nbsp; 1110 | 1111214 |
| 3.50%, 10/31/27 | &nbsp;&nbsp; 560 | 560656 |
| 3.50%, 01/31/28 | &nbsp;&nbsp; 1114 | 1116176 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 3.50%, 04/30/28 | &nbsp;&nbsp; $1000 | $1002187 |
| 3.50%, 11/15/28 | &nbsp;&nbsp; 562 | 563625 |
| 3.50%, 12/15/28 | &nbsp;&nbsp; 270 | 270802 |
| 3.50%, 09/30/29 | &nbsp;&nbsp; 1273 | 1275685 |
| 3.50%, 01/31/30 | &nbsp;&nbsp; 1440 | 1442250 |
| 3.50%, 04/30/30 | &nbsp;&nbsp; 800 | 800687 |
| 3.50%, 11/30/30 | &nbsp;&nbsp; 2673 | 2671747 |
| 3.50%, 02/15/33 | &nbsp;&nbsp; 2379 | 2346289 |
| 3.63%, 08/31/27 | &nbsp;&nbsp; 467 | 468240 |
| 3.63%, 03/31/28 | &nbsp;&nbsp; 924 | 928259 |
| 3.63%, 05/31/28 | &nbsp;&nbsp; 453 | 455300 |
| 3.63%, 08/15/28 | &nbsp;&nbsp; 351 | 353029 |
| 3.63%, 08/31/29 | &nbsp;&nbsp; 1964 | 1976275 |
| 3.63%, 03/31/30 | &nbsp;&nbsp; 700 | 704102 |
| 3.63%, 08/31/30 | &nbsp;&nbsp; 1534 | 1542030 |
| 3.63%, 09/30/30 | &nbsp;&nbsp; 1707 | 1715935 |
| 3.63%, 10/31/30 | &nbsp;&nbsp; 3040 | 3055200 |
| 3.63%, 12/31/30 | &nbsp;&nbsp; 2773 | 2786215 |
| 3.63%, 09/30/31 | &nbsp;&nbsp; 750 | 751230 |
| 3.75%, 04/30/27 | &nbsp;&nbsp; 2030 | 2035868 |
| 3.75%, 06/30/27 | &nbsp;&nbsp; 1720 | 1726450 |
| 3.75%, 08/15/27 | &nbsp;&nbsp; 1124 | 1128786 |
| 3.75%, 04/15/28 | &nbsp;&nbsp; 2299 | 2315704 |
| 3.75%, 05/15/28 | &nbsp;&nbsp; 477 | 480615 |
| 3.75%, 12/31/28 | &nbsp;&nbsp; 1200 | 1211625 |
| 3.75%, 05/31/30 | &nbsp;&nbsp; 1210 | 1222573 |
| 3.75%, 06/30/30 | &nbsp;&nbsp; 438 | 442585 |
| 3.75%, 12/31/30 | &nbsp;&nbsp; 800 | 808000 |
| 3.75%, 01/31/31 | &nbsp;&nbsp; 1270 | 1283097 |
| 3.75%, 08/31/31 | &nbsp;&nbsp; 636 | 641167 |
| 3.75%, 10/31/32 | &nbsp;&nbsp; 703 | 705087 |
| 3.75%, 11/30/32 | &nbsp;&nbsp; 556 | 557477 |
| 3.88%, 05/31/27 | &nbsp;&nbsp; 1126 | 1131322 |
| 3.88%, 07/31/27 | &nbsp;&nbsp; 1930 | 1941309 |
| 3.88%, 10/15/27 | &nbsp;&nbsp; 785 | 790520 |
| 3.88%, 11/30/27 | &nbsp;&nbsp; 1223 | 1232512 |
| 3.88%, 12/31/27 | &nbsp;&nbsp; 800 | 806625 |
| 3.88%, 03/15/28 | &nbsp;&nbsp; 1533 | 1547731 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 386 | 390192 |
| 3.88%, 09/30/29 | &nbsp;&nbsp; 1900 | 1927609 |
| 3.88%, 11/30/29 | &nbsp;&nbsp; 1450 | 1471410 |
| 3.88%, 12/31/29 | &nbsp;&nbsp; 1211 | 1229165 |
| 3.88%, 04/30/30 | &nbsp;&nbsp; 2263 | 2297829 |
| 3.88%, 06/30/30 | &nbsp;&nbsp; 1850 | 1878762 |
| 3.88%, 07/31/30 | &nbsp;&nbsp; 1596 | 1621062 |
| 3.88%, 08/31/32 | &nbsp;&nbsp; 463 | 468136 |
| 3.88%, 09/30/32 | &nbsp;&nbsp; 1009 | 1019721 |
| 3.88%, 12/31/32 | &nbsp;&nbsp; 208 | 210048 |
| 3.88%, 08/15/33 | &nbsp;&nbsp; 1848 | 1861786 |
| 3.88%, 08/15/34 | &nbsp;&nbsp; 2809 | 2812950 |
| 4.00%, 12/15/27 | &nbsp;&nbsp; 1504 | 1519393 |
| 4.00%, 02/29/28 | &nbsp;&nbsp; 1000 | 1011562 |
| 4.00%, 06/30/28 | &nbsp;&nbsp; 538 | 545440 |
| 4.00%, 01/31/29 | &nbsp;&nbsp; 1437 | 1461025 |
| 4.00%, 07/31/29 | &nbsp;&nbsp; 1133 | 1153978 |
| 4.00%, 10/31/29 | &nbsp;&nbsp; 1050 | 1069934 |
| 4.00%, 02/28/30 | &nbsp;&nbsp; 2166 | 2208982 |
| 4.00%, 03/31/30 | &nbsp;&nbsp; 1558 | 1589282 |
| 4.00%, 05/31/30 | &nbsp;&nbsp; 1968 | 2008129 |
| 4.00%, 07/31/30 | &nbsp;&nbsp; 600 | 612422 |
| 4.00%, 01/31/31 | &nbsp;&nbsp; 995 | 1015988 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.00%, 04/30/32 | &nbsp;&nbsp; $653 | $665550 |
| 4.00%, 06/30/32 | &nbsp;&nbsp; 1132 | 1153313 |
| 4.00%, 07/31/32 | &nbsp;&nbsp; 557 | 567313 |
| 4.00%, 01/31/33 | &nbsp;&nbsp; 781 | 794423 |
| 4.00%, 02/15/34 | &nbsp;&nbsp; 2838 | 2875249 |
| 4.00%, 11/15/35 | &nbsp;&nbsp; 2302 | 2310273 |
| 4.13%, 02/15/27 | &nbsp;&nbsp; 860 | 864636 |
| 4.13%, 02/28/27 | &nbsp;&nbsp; 1561 | 1570025 |
| 4.13%, 09/30/27 | &nbsp;&nbsp; 900 | 909562 |
| 4.13%, 10/31/27 | &nbsp;&nbsp; 420 | 424709 |
| 4.13%, 11/15/27 | &nbsp;&nbsp; 2775 | 2807194 |
| 4.13%, 07/31/28 | &nbsp;&nbsp; 500 | 508594 |
| 4.13%, 03/31/29 | &nbsp;&nbsp; 1700 | 1735859 |
| 4.13%, 10/31/29 | &nbsp;&nbsp; 1792 | 1833860 |
| 4.13%, 11/30/29 | &nbsp;&nbsp; 1605 | 1642868 |
| 4.13%, 08/31/30 | &nbsp;&nbsp; 662 | 678964 |
| 4.13%, 03/31/31 | &nbsp;&nbsp; 990 | 1016606 |
| 4.13%, 07/31/31 | &nbsp;&nbsp; 674 | 692324 |
| 4.13%, 10/31/31 | &nbsp;&nbsp; 498 | 511267 |
| 4.13%, 11/30/31 | &nbsp;&nbsp; 1120 | 1149838 |
| 4.13%, 02/29/32 | &nbsp;&nbsp; 599 | 614724 |
| 4.13%, 03/31/32 | &nbsp;&nbsp; 1140 | 1169925 |
| 4.13%, 05/31/32 | &nbsp;&nbsp; 467 | 479113 |
| 4.13%, 11/15/32 | &nbsp;&nbsp; 2322 | 2380050 |
| 4.13%, 02/15/36 | &nbsp;&nbsp; 1240 | 1256469 |
| 4.25%, 03/15/27 | &nbsp;&nbsp; 1545 | 1556527 |
| 4.25%, 01/15/28 | &nbsp;&nbsp; 1504 | 1526854 |
| 4.25%, 02/15/28 | &nbsp;&nbsp; 1304 | 1324986 |
| 4.25%, 02/28/29 | &nbsp;&nbsp; 1312 | 1343673 |
| 4.25%, 06/30/29 | &nbsp;&nbsp; 1500 | 1539023 |
| 4.25%, 01/31/30 | &nbsp;&nbsp; 1853 | 1906274 |
| 4.25%, 02/28/31 | &nbsp;&nbsp; 1000 | 1032500 |
| 4.25%, 06/30/31 | &nbsp;&nbsp; 900 | 929742 |
| 4.25%, 11/15/34 | &nbsp;&nbsp; 2841 | 2919127 |
| 4.25%, 05/15/35 | &nbsp;&nbsp; 2700 | 2769187 |
| 4.25%, 08/15/35 | &nbsp;&nbsp; 2868 | 2939252 |
| 4.38%, 07/15/27 | &nbsp;&nbsp; 1210 | 1224889 |
| 4.38%, 08/31/28 | &nbsp;&nbsp; 800 | 818750 |
| 4.38%, 11/30/28 | &nbsp;&nbsp; 1556 | 1595751 |
| 4.38%, 12/31/29 | &nbsp;&nbsp; 2000 | 2065625 |
| 4.38%, 11/30/30 | &nbsp;&nbsp; 687 | 712548 |
| 4.38%, 01/31/32 | &nbsp;&nbsp; 537 | 558270 |
| 4.38%, 05/15/34 | &nbsp;&nbsp; 2824 | 2932106 |
| 4.50%, 04/15/27 | &nbsp;&nbsp; 1743 | 1761928 |
| 4.50%, 05/15/27 | &nbsp;&nbsp; 1620 | 1638984 |
| 4.50%, 05/31/29 | &nbsp;&nbsp; 2370 | 2448506 |
| 4.50%, 12/31/31 | &nbsp;&nbsp; 629 | 658091 |
| 4.50%, 11/15/33 | &nbsp;&nbsp; 2475 | 2592562 |
| 4.63%, 06/15/27 | &nbsp;&nbsp; 1000 | 1014375 |
| 4.63%, 09/30/28 | &nbsp;&nbsp; 1101 | 1134357 |
| 4.63%, 04/30/29 | &nbsp;&nbsp; 1960 | 2030897 |
| 4.63%, 09/30/30 | &nbsp;&nbsp; 600 | 628219 |
| 4.63%, 04/30/31 | &nbsp;&nbsp; 800 | 840375 |
| 4.63%, 05/31/31 | &nbsp;&nbsp; 1000 | 1050625 |
| 4.63%, 02/15/35 | &nbsp;&nbsp; 2800 | 2954000 |
| 4.88%, 10/31/28 | &nbsp;&nbsp; 1400 | 1452391 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.88%, 10/31/30 | &nbsp;&nbsp; $771 | $815935 |
|  |  | 285771018 |
| **Total U.S. Government & Agency Obligations — 60.6%** <br>**(Cost: $459,392,005)** | **Total U.S. Government & Agency Obligations — 60.6%** <br>**(Cost: $459,392,005)** | 438967192 |
| **Total Long-Term Investments — 98.6%** <br>**(Cost: $737,926,182)** | **Total Long-Term Investments — 98.6%** <br>**(Cost: $737,926,182)** | 714108078 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 4.1%** | **Money Market Funds — 4.1%** | **Money Market Funds — 4.1%** |
| BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 3.64%<sup>(j)(k)(l)</sup><br>| &nbsp;&nbsp; 30037675 | 30037675 |
| **Total Short-Term Securities — 4.1%** <br>**(Cost: $30,037,675)** | **Total Short-Term Securities — 4.1%** <br>**(Cost: $30,037,675)** | 30037675 |
| **Total Investments Before TBA Sales Commitments — 102.7%** <br>**(Cost: $767,963,857)** | **Total Investments Before TBA Sales Commitments — 102.7%** <br>**(Cost: $767,963,857)** | 744145753 |
|  | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>|  |
| **TBA Sales Commitments**<sup>(i)</sup> | **TBA Sales Commitments**<sup>(i)</sup> | **TBA Sales Commitments**<sup>(i)</sup> |
| **Mortgage-Backed Securities — (0.1)%** | **Mortgage-Backed Securities — (0.1)%** | **Mortgage-Backed Securities — (0.1)%** |
| Uniform Mortgage-Backed Securities |  |  |
| 5.00%, 03/15/56 | &nbsp;&nbsp; (25)<br>| (25112)<br>|
| 5.50%, 03/12/56 | &nbsp;&nbsp; (625)<br>| (635021)<br>|
| **Total TBA Sales Commitments — (0.1)%** <br>**(Proceeds: $(658574))** | **Total TBA Sales Commitments — (0.1)%** <br>**(Proceeds: $(658574))** | (660133)<br>|
| **Total Investments, Net of TBA Sales Commitments — 102.6%** <br>**(Cost: $767,305,283)** | **Total Investments, Net of TBA Sales Commitments — 102.6%** <br>**(Cost: $767,305,283)** | 743485620 |
| **Liabilities in Excess of Other Assets — (2.6)%** | **Liabilities in Excess of Other Assets — (2.6)%** | (19105696)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $724379924 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(c)</sup> All or a portion of this security is on loan.

<sup>(d)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

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

<sup>(f)</sup> Perpetual security with no stated maturity date.

<sup>(g)</sup> U.S. dollar denominated security issued by foreign domiciled entity.

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

<sup>(i)</sup> Represents or includes a TBA transaction.

<sup>(j)</sup> Affiliate of the Fund.

<sup>(k)</sup> Annualized 7-day yield as of period end.

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

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® ESG Advanced Universal USD Bond ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| $36345727 | $—<br> $(6308052 )<sup>(a)</sup><br>| $— | $— | $30037675 | 30037675<br> $1018482 <br><sup>(b)</sup><br>| $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2040178 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2040178 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 5426619 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5426619 |
| Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 221401138 | &nbsp;&nbsp; — | &nbsp;&nbsp; 221401138 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 46272951 | &nbsp;&nbsp; — | &nbsp;&nbsp; 46272951 |
| U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 438967192 | &nbsp;&nbsp; — | &nbsp;&nbsp; 438967192 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 30037675 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 30037675 |
| Liabilities |  |  |  |  |
| Investments  |  |  |  |  |
| TBA Sales Commitments | &nbsp;&nbsp; — | &nbsp;&nbsp; (660133)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (660133)<br>|
|  | &nbsp;&nbsp; $30037675 | &nbsp;&nbsp; $713447945 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $743485620 |

---

*See notes to financial statements.*

Schedule of Investments

------

Statement of Assets and Liabilities

February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | &nbsp;&nbsp; iShares <br>ESG <br> Advanced <br> Universal <br> USD Bond <br> ETF <br>|
| **ASSETS** |  |
| Investments, at value—unaffiliated<sup>(a)(b)</sup> | $714108078 |
| Investments, at value—affiliated<sup>(c)</sup> | 30037675 |
| Foreign currency, at value<sup>(d)</sup> | 1063 |
| Receivables: |  |
| Investments sold | 8266677 |
| Securities lending income—affiliated | 3114 |
| TBA sales commitments | 658574 |
| Capital shares sold | 20147 |
| Dividends—affiliated | 61363 |
| Interest—unaffiliated | 6247086 |
| Total assets | 759403777 |
| **LIABILITIES** |  |
| Bank overdraft | 116396 |
| Collateral on securities loaned, at value | 5877675 |
| TBA sales commitments, at value<sup>(e)</sup> | 660133 |
| Payables: |  |
| Investments purchased | 28305026 |
| Investment advisory fees | 64623 |
| Total liabilities | 35023853 |
| **Commitments and contingent liabilities** |  |
| NET ASSETS | $724379924 |
| **NET ASSETS CONSIST OF** |  |
| Paid-in capital | $781554293 |
| Accumulated loss | (57174369) |
| NET ASSETS | $724379924 |
| **NET ASSET VALUE** |  |
| Shares outstanding | 16300000 |
| Net asset value | $44.44 |
| Shares authorized | Unlimited |
| Par value |  |
| <sup>(a)</sup> Investments, at cost—unaffiliated | $737926182 |
| <sup>(b)</sup> Securities loaned, at value | $5687482 |
| <sup>(c)</sup> Investments, at cost—affiliated | $30037675 |
| <sup>(d)</sup> Foreign currency, at cost | $985 |
| <sup>(e)</sup> Proceeds from TBA sales commitments | $658574 |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statement of Operations

Year Ended February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | iShares <br>ESG <br> Advanced <br> Universal <br> USD Bond <br> ETF <br>|
| **INVESTMENT INCOME** |  |
| Dividends—affiliated | &nbsp;&nbsp; $969023 |
| Interest—unaffiliated | &nbsp;&nbsp; 27261035 |
| Securities lending income—affiliated—net | &nbsp;&nbsp; 49459 |
| Payment-in-kind interest—unaffiliated | &nbsp;&nbsp; 13030 |
| Other income—unaffiliated | &nbsp;&nbsp; 19344 |
| Total investment income | &nbsp;&nbsp; 28311891 |
| EXPENSES |  |
| Investment advisory | &nbsp;&nbsp; 845999 |
| Total expenses | &nbsp;&nbsp; 845999 |
| Less: |  |
| Investment advisory fees waived | &nbsp;&nbsp; (21209)<br>|
| Total expenses after fees waived | &nbsp;&nbsp; 824790 |
| Net investment income | &nbsp;&nbsp; 27487101 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** |  |
| Net realized gain (loss) from: |  |
| Investments—unaffiliated | &nbsp;&nbsp; (2303339)<br>|
| In-kind redemptions—unaffiliated<sup>(a)</sup> | &nbsp;&nbsp; (1172320)<br>|
|  | &nbsp;&nbsp; (3475659)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments—unaffiliated | &nbsp;&nbsp; 20665232 |
| Foreign currency translations | &nbsp;&nbsp; 96 |
|  | &nbsp;&nbsp; 20665328 |
| Net realized and unrealized gain | &nbsp;&nbsp; 17189669 |
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | &nbsp;&nbsp; $44676770 |
| <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. |

---

*See notes to financial statements.*

Statement of Operations

------

Statement of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | iShares <br>ESG Advanced Universal USD Bond <br> ETF  | iShares <br>ESG Advanced Universal USD Bond <br> ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |
| **OPERATIONS** |  |  |
| Net investment income | &nbsp;&nbsp; $27487101 | &nbsp;&nbsp;&nbsp; $24471412 |
| Net realized loss | &nbsp;&nbsp; (3475659)<br>| &nbsp;&nbsp;&nbsp; (4990493)<br>|
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 20665328 | &nbsp;&nbsp;&nbsp; 19296819 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 44676770 | &nbsp;&nbsp;&nbsp; 38777738 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(a)</sup> <br>|  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (27287464)<br>| &nbsp;&nbsp;&nbsp; (24090005)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |
| Net increase in net assets derived from capital share transactions | &nbsp;&nbsp; 15985459 | &nbsp;&nbsp;&nbsp; 85977750 |
| *NET ASSETS* |  |  |
| Total increase in net assets | &nbsp;&nbsp; 33374765 | &nbsp;&nbsp;&nbsp; 100665483 |
| Beginning of period | &nbsp;&nbsp; 691005159 | &nbsp;&nbsp;&nbsp; 590339676 |
| End of period | &nbsp;&nbsp; $724379924 | &nbsp;&nbsp;&nbsp; $691005159 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares ESG Advanced Universal USD Bond ETF  | iShares ESG Advanced Universal USD Bond ETF  | iShares ESG Advanced Universal USD Bond ETF  | iShares ESG Advanced Universal USD Bond ETF  | iShares ESG Advanced Universal USD Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $43.46 | &nbsp;&nbsp;&nbsp; $42.47 | &nbsp;&nbsp;&nbsp; $42.27 | &nbsp;&nbsp;&nbsp; $47.64 | &nbsp;&nbsp;&nbsp; $49.61 |
| Net investment income<sup>(a)</sup> | 1.70 | &nbsp;&nbsp;&nbsp;&nbsp;1.60 | &nbsp;&nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;&nbsp;1.01 | &nbsp;&nbsp;&nbsp;&nbsp;0.60 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 0.97 | &nbsp;&nbsp;&nbsp;&nbsp;0.97 | &nbsp;&nbsp;&nbsp;&nbsp;0.19 | &nbsp;&nbsp;&nbsp; (5.38)<br>| &nbsp;&nbsp;&nbsp; (2.01)<br>|
| Net increase (decrease) from investment operations | 2.67 | &nbsp;&nbsp;&nbsp;&nbsp;2.57 | &nbsp;&nbsp;&nbsp;&nbsp;1.54 | &nbsp;&nbsp;&nbsp; (4.37)<br>| &nbsp;&nbsp;&nbsp; (1.41)<br>|
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (1.69)<br>| &nbsp;&nbsp;&nbsp; (1.58)<br>| &nbsp;&nbsp;&nbsp; (1.34)<br>| &nbsp;&nbsp;&nbsp; (1.00)<br>| &nbsp;&nbsp;&nbsp; (0.56)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $44.44 | &nbsp;&nbsp;&nbsp; $43.46 | &nbsp;&nbsp;&nbsp; $42.47 | &nbsp;&nbsp;&nbsp; $42.27 | &nbsp;&nbsp;&nbsp; $47.64 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 6.27<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.17<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.70<br> %<br>| &nbsp;&nbsp;&nbsp; (9.22)%<br>| &nbsp;&nbsp;&nbsp; (2.85)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br> %<br>|
| Total expenses after fees waived | 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.11<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.11<br> %<br>|
| Net investment income | 3.90<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.73<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.19<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.32<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.23<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $724380 | &nbsp;&nbsp;&nbsp; $691005 | &nbsp;&nbsp;&nbsp; $590340 | &nbsp;&nbsp;&nbsp; $570693 | &nbsp;&nbsp;&nbsp; $609795 |
| Portfolio turnover rate<sup>(f)(g)</sup> | &nbsp;&nbsp; 87<br> %<br>| &nbsp;&nbsp;&nbsp; 100<br> %<br>| &nbsp;&nbsp;&nbsp; 63<br> %<br>| &nbsp;&nbsp;&nbsp; 167<br> %<br>| &nbsp;&nbsp;&nbsp; 243<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |
| <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). |

---

*See notes to financial statements.*

Financial Highlights

------

*Notes to Financial Statements* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***1. ORGANIZATION***

iShares Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following fund (the "Fund"):

<u> *iShares ETF* </u> <u> *Diversification* *Classification* </u> <br> ESG Advanced Universal USD Bond<sup>(a)</sup> Diversified

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Formerly the iShares ESG Advanced Total USD Bond Market ETF.

***2. SIGNIFICANT ACCOUNTING POLICIES***

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. The Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

**Investment Transactions and Income Recognition:** For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed (the "trade dates"). Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, and payment-in-kind interest are recognized daily on an accrual basis.

**Foreign Currency Translation:** The Fund's books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates determined as of the close of trading on the New York Stock Exchange ("NYSE"). Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.

The Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statement of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. The Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.

**Cash:** The Fund may maintain cash at its custodian which, at times may exceed United States federally insured limits. The Fund may, at times, have outstanding cash disbursements that exceed deposited cash amounts at the custodian during the reporting period. The Fund is obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statement of Operations.

**In-kind Redemptions:** For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Fund. Because such gains or losses are not taxable to the Fund and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Fund's tax year. These reclassifications have no effect on net assets or net asset value ("NAV") per share.

**Distributions:** Dividends and distributions paid by the Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Fund.

**Indemnifications:** In the normal course of business, the Fund enters into contracts that contain a variety of representations that provide general indemnification. The Fund's maximum exposure under these arrangements is unknown because it involves future potential claims against the Fund, which cannot be predicted with any certainty.

**Segment Reporting:** The Chief Financial Officer acts as the Fund's Chief Operating Decision Maker ("CODM") and is responsible for assessing performance and allocating resources with respect to the Fund. The CODM has concluded that the Fund operates as a single operating segment since the Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within the Fund's financial statements.

**Recent Accounting Standard:** The Fund adopted Financial Accounting Standards Board Update 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures ("ASU 2023-09") during the period. ASU 2023-09 enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The Fund's adoption of the new standard did not have a material impact on financial statement disclosures and did not affect the Fund's financial position or results of operations.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS***

**Investment Valuation Policies:** The Fund's investments are valued at fair value (also referred to as "market value" within the financial statements) each day that the Fund's listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Trustees of the Trust (the "Board") of the Fund has approved the designation of BlackRock Fund Advisors ("BFA"), the Fund's investment adviser, as the valuation designee for the Fund. The Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA's policies. If a security's market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA's policies and procedures as reflecting fair value. BFA has formed a committee (the "Valuation Committee") to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

**Fair Value Inputs and Methodologies:** The following methods and inputs are used to establish the fair value of the Fund's assets and liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed-income investments and certain derivative instruments for which market quotations are readily available are generally valued using the last available bid price provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots of securities in certain asset classes may trade at lower prices than institutional round lots, and the value ultimately realized when the securities are sold could differ from the prices used by a fund. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

&nbsp;&nbsp;&nbsp;&nbsp;• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day's NAV.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee in accordance with BFA's policies and procedures as reflecting fair value ("Fair Valued Investments"). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that the Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm's-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement as of the measurement date.

Fair value pricing could result in a difference between the prices used to calculate a fund's NAV and the prices used by the fund's underlying index, which in turn could result in a difference between the fund's performance and the performance of the fund's underlying index.

**Fair Value Hierarchy:** Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

***4. SECURITIES AND OTHER INVESTMENTS***

**Asset-Backed and Mortgage-Backed Securities:** Asset-backed securities are generally issued as pass-through certificates or as debt instruments. Asset-backed securities issued as pass-through certificates represent undivided fractional ownership interests in an underlying pool of assets. Asset-backed securities issued as debt instruments, which are also known as collateralized obligations, are typically issued as the debt of a special purpose entity organized solely for the purpose of owning such assets and issuing such debt. Asset-backed securities are often backed by a pool of assets representing the obligations of a number of different parties. The yield

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

characteristics of certain asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal part of the obligations may be prepaid at any time because the underlying assets (i.e., loans) may be prepaid at any time. As a result, a decrease in interest rates in the market may result in increases in the level of prepayments as borrowers, particularly mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security will have the effect of shortening the maturity of the security. In addition, a fund may subsequently have to reinvest the proceeds at lower interest rates. If a fund has purchased such an asset-backed security at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium paid.

For mortgage pass-through securities (the "Mortgage Assets") there are a number of important differences among the agencies and instrumentalities of the U.S. Government that issue mortgage-related securities and among the securities that they issue. For example, mortgage-related securities guaranteed by Ginnie Mae are guaranteed as to the timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage-related securities issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed mortgage pass-through certificates, which are solely the obligations of Freddie Mac and Fannie Mae, are not backed by or entitled to the full faith and credit of the United States, but are supported by the right of the issuer to borrow from the U.S. Treasury.

Non-agency mortgage-backed securities are securities issued by non-governmental issuers and have no direct or indirect government guarantees of payment and are subject to various risks. Non-agency mortgage loans are obligations of the borrowers thereunder only and are not typically insured or guaranteed by any other person or entity. The ability of a borrower to repay a loan is dependent upon the income or assets of the borrower. A number of factors, including a general economic downturn, acts of God, terrorism, social unrest and civil disturbances, may impair a borrower's ability to repay its loans.

**TBA Commitments:** TBA commitments are forward agreements for the purchase or sale of securities, including mortgage-backed securities for a fixed price, with payment and delivery on an agreed upon future settlement date. The specific securities to be delivered are not identified at the trade date. However, delivered securities must meet specified terms, including issuer, rate and mortgage terms. When entering into TBA commitments, a fund may take possession of or deliver the underlying mortgage-backed securities but can extend the settlement or roll the transaction. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date, if there are expenses or delays in connection with the TBA transactions, or if the counterparty fails to complete the transaction.

To mitigate counterparty risk, a fund enters into a two-way collateral agreement for TBA transactions with certain counterparties. Under such agreement, the "in-the-money" party of a TBA transaction may at any time require the other party to pledge collateral assets (in the form of cash or securities) to offset any loss the in-the-money party would incur upon cancellation of the TBA transaction. A party is in-the-money if they are the buyer and the market value of the TBA transaction increases or if they are the seller and the market value of the TBA transaction decreases. Cash collateral received from the counterparty may be reinvested in money market funds, including those managed by the Fund's investment adviser, or its affiliates. Such collateral, if any, is noted in the Schedule of Investments and the obligation to return the collateral is presented as a liability in the Statement of Assets and Liabilities. Securities pledged as collateral by a fund, if any, are noted in the Schedule of Investments.

**Mortgage Dollar Roll Transactions:** The Fund may sell TBA mortgage-backed securities and simultaneously contract to repurchase substantially similar (i.e., same type, coupon and maturity) securities on a specific future date at an agreed upon price. During the period between the sale and repurchase, a fund is not entitled to receive interest and principal payments on the securities sold. Mortgage dollar roll transactions are treated as purchases and sales and a fund realizes gains and losses on these transactions. Mortgage dollar rolls involve the risk that the market value of the securities that a fund is required to purchase may decline below the agreed upon repurchase price of those securities.

**Securities Lending:** The Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. Government. The initial collateral received by the Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current market value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, the Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in the Fund's Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statement of Assets and Liabilities.

Securities lending transactions are entered into by the Fund under Master Securities Lending Agreements (each, an "MSLA") which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Fund, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty's bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Fund can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties' obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party's net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF and Counterparty* | *Securities Loaned* <br>*at Value*<br>| &nbsp;&nbsp; *Cash Collateral* <br>*Received*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Non-Cash Collateral* <br>*Received, at Fair Value*<sup>(a)</sup> <br>| *Net Amount* |
| ESG Advanced Universal USD Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $1015539 | &nbsp;&nbsp;&nbsp; $(1015539) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Barclays Capital, Inc. | &nbsp;&nbsp; 217683 | &nbsp;&nbsp;&nbsp; (217683) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 1013338 | &nbsp;&nbsp;&nbsp; (1013338) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 202487 | &nbsp;&nbsp;&nbsp; (194175) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8312<sup>(b)</sup> <br>|
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 255606 | &nbsp;&nbsp;&nbsp; (255606) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 93659 | &nbsp;&nbsp;&nbsp; (93659) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 951261 | &nbsp;&nbsp;&nbsp; (951261) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Jefferies LLC | &nbsp;&nbsp; 367012 | &nbsp;&nbsp;&nbsp; (367012) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 287701 | &nbsp;&nbsp;&nbsp; (287701) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 753892 | &nbsp;&nbsp;&nbsp; (753892) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 198677 | &nbsp;&nbsp;&nbsp; (198677) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 167870 | &nbsp;&nbsp;&nbsp; (167870) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Scotia Capital (USA), Inc. | &nbsp;&nbsp; 85053 | &nbsp;&nbsp;&nbsp; (85053) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Co. | &nbsp;&nbsp; 12402 | &nbsp;&nbsp;&nbsp; (12402) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 13514 | &nbsp;&nbsp;&nbsp; (13514) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Bank N.A. | &nbsp;&nbsp; 8468 | &nbsp;&nbsp;&nbsp; (8468) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 43320 | &nbsp;&nbsp;&nbsp; (43320) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $5687482 | &nbsp;&nbsp;&nbsp; $(5679170) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $8312 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by the Fund is disclosed in the Fund's Statements of Assets and Liabilities. 

<sup>(b)</sup> The market value of the loaned securities is determined as of February 28, 2026. Additional collateral is delivered to the Fund on the next business day in accordance with the MSLA. The net amount would be subject to the borrower default indemnity in the event of default by a counterparty. 

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, the Fund benefits from a borrower default indemnity provided by BlackRock Finance, Inc. BlackRock Finance, Inc.'s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. The Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by the Fund.

***5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES***

**Investment Advisory Fees:** Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of the Fund's assets. BFA is a California corporation indirectly owned by BlackRock, Inc. ("BlackRock"). Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Fund, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to the Fund, BFA is entitled to an annual investment advisory fee of 0.12%, accrued daily and paid monthly by the Fund, based on the average daily net assets of the Fund.

**Expense Waivers**: A fund may incur its pro rata share of fees and expenses attributable to its investments in other investment companies ("acquired fund fees and expenses"). The total of the investment advisory fee and acquired fund fees and expenses, if any, is a fund's total annual operating expenses. Total expenses as shown in the Statements of Operations does not include acquired fund fees and expenses.

For the iShares ESG Advanced Universal USD Bond ETF, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through June 30, 2030 in an amount equal to the acquired fund fees and expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA or its affiliates.

This amount is included in investment advisory fees waived in the Statements of Operations. For the year ended February 28, 2026, the amounts waived in investment advisory fees pursuant to this arrangement were as follows:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts Waived* |
| ESG Advanced Universal USD Bond | &nbsp;&nbsp; $21209 |

---

**Distributor:** BlackRock Investments, LLC ("BRIL"), an affiliate of BFA, is the distributor for the Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Fund.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

**ETF Servicing Fees:** The Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units ("ETF Services"). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Fund does not pay BRIL for ETF Services.

**Securities Lending:** The U.S. Securities and Exchange Commission ("SEC") has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. ("BTC"), an affiliate of BFA, to serve as securities lending agent for the Fund, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. The Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the "collateral investment fees"). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees the Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. BlackRock Cash Funds: Institutional may impose a discretionary liquidity fee of up to 2% on all redemptions. Discretionary liquidity fees may be imposed or terminated at any time at the discretion of the board of directors of the money market fund, or its delegate, if it is determined that such fee would be, or would not be, respectively, in the best interest of the money market fund. Additionally, BlackRock Cash Funds: Institutional will impose a mandatory liquidity fee if the money market fund's total net redemptions on a single day exceed 5% of the money market fund's net assets, unless the amount of the fee is less than 0.01% of the value of the shares redeemed. BlackRock Cash Funds: Institutional will determine the size of the mandatory liquidity fee by making a good faith estimate of certain costs the money market fund would incur if it were to sell a pro rata amount of each security in the portfolio to satisfy the amount of net redemptions on that day. There is no limit to the size of a mandatory liquidity fee. If BlackRock Cash Funds: Institutional cannot estimate the costs of selling a pro rata amount of each portfolio security in good faith and supported by data, it is required to apply a default liquidity fee of 1% on the value of shares redeemed on that day.

Securities lending income is generally equal to the total of income earned from the reinvestment of cash collateral (and excludes collateral investment fees), and any fees or other payments to and from borrowers of securities. The Fund retains a portion of the securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, the Fund retains 82% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across the iShares ETF Complex in that calendar year exceeds a specified threshold, the Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

The share of securities lending income earned by the Fund is shown as securities lending income – affiliated – net in its Statement of Operations. For the year ended February 28, 2026, the Fund paid BTC $12,868 for securities lending agent services.

**Trustees and Officers:** Certain trustees and/or officers of the Trust are directors and/or officers of BlackRock or its affiliates.

**Other Transactions:** The Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statement of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund's underlying index.

***6. PURCHASES AND SALES***

For the year ended February 28, 2026, purchases and sales of investments, including mortgage dollar rolls and excluding short-term securities and in-kind transactions, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *U.S. Government Securities* | *U.S. Government Securities* | *Other Securities* | *Other Securities* |
| *iShares ETF* | &nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* | &nbsp;&nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* |
| ESG Advanced Universal USD Bond | &nbsp;&nbsp; $530171199 | &nbsp;&nbsp;&nbsp; $525317096 | &nbsp;&nbsp;&nbsp; $81518643 | &nbsp;&nbsp;&nbsp; $84267439 |

---

For the year ended February 28, 2026, in-kind transactions were as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *In-kind* <br>*Purchases*<br>| &nbsp;&nbsp; *In-kind* <br>*Sales*<br>|
| ESG Advanced Universal USD Bond | &nbsp;&nbsp; $77072810 | &nbsp;&nbsp;&nbsp; $65229388 |

---

***7. INCOME TAX INFORMATION***

The Fund is treated as an entity separate from the Trust's other funds for federal income tax purposes. It is the Fund's policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

Management has analyzed tax laws and regulations and their application to the Fund as of February 28, 2026, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Fund's financial statements. Management's analysis is based on the tax laws and judicial and administrative interpretations thereof in effect as of the date of these financial statements, all of which are subject to change, possibly with retroactive effect, which may impact the Fund's NAV.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 28, 2026, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Paid-in Capital* | &nbsp;&nbsp; *Accumulated* <br>*Earnings (Loss)*<br>|
| ESG Advanced Universal USD Bond | &nbsp;&nbsp; $(1169369) | &nbsp;&nbsp;&nbsp; $1169369 |

---

The tax character of distributions paid was as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Year Ended* <br>*02/28/26*<br>| &nbsp;&nbsp; *Year Ended* <br>*02/28/25*<br>|
| ESG Advanced Universal USD Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $27287464 | &nbsp;&nbsp;&nbsp; $24090005 |

---

As of February 28, 2026, the tax components of accumulated earnings (loss) were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Undistributed* <br>*Ordinary Income*<br>| &nbsp;&nbsp; *Non-expiring* <br>*Capital Loss* <br>*Carryforwards*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Net Unrealized* <br>*Gains (Losses)*<sup>(b)</sup> <br>| *Total* |
| ESG Advanced Universal USD Bond | &nbsp;&nbsp; $2255613 | &nbsp;&nbsp;&nbsp; $(35449194) | &nbsp;&nbsp;&nbsp; $(23980788) | &nbsp;&nbsp;&nbsp; $(57174369) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Amounts available to offset future realized capital gains.

<sup>(b)</sup> The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities and the classification of investments. 

As of February 28, 2026, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Tax Cost* | &nbsp;&nbsp; *Gross Unrealized* <br>*Appreciation*<br>| &nbsp;&nbsp; *Gross Unrealized* <br>*Depreciation*<br>| &nbsp;&nbsp; *Net Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| ESG Advanced Universal USD Bond | &nbsp;&nbsp; $768125060 | &nbsp;&nbsp;&nbsp; $9392238 | &nbsp;&nbsp;&nbsp; $(33373104) | &nbsp;&nbsp;&nbsp; $(23980866) |

---

***8. PRINCIPAL RISKS***

In the normal course of business, the Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject the Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Fund and its investments. The Fund's prospectus provides details of the risks to which the Fund is subject.

BFA uses an indexing approach to try to achieve the Fund's investment objective. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

The Fund may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to mandatory and discretionary liquidity fees under certain circumstances.

**Market Risk:** The Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force the Fund to reinvest in lower yielding securities. The Fund may also be exposed to reinvestment risk, which is the risk that income from the Fund's portfolio will decline if the Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below the Fund portfolio's current earnings rate.

**Valuation Risk:** The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. The Fund may invest in illiquid investments. An illiquid investment is any investment that the Fund reasonably expects cannot be sold or disposed of in current

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. The Fund may experience difficulty in selling illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause the Fund's NAV to experience significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of the Fund may lose value, regardless of the individual results of the securities and other instruments in which the Fund invests. The Fund's ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third-party service providers.

**Counterparty Credit Risk:** The Fund may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Fund manages counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Fund to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Fund's exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statement of Assets and Liabilities, less any collateral held by the Fund.

**Geographic/Asset Class Risk:** A diversified portfolio, where this is appropriate and consistent with a fund's objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within the Fund's portfolio are disclosed in its Schedule of Investments.

The Fund invests a significant portion of its assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative "debt ceiling." Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the Fund invests.

The Funds invest a significant portion of its assets in fixed-income securities and/or uses derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Fund may be subject to a greater risk of rising interest rates during a period of historically low interest rates. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility, and could negatively impact the Fund's performance.

**Significant Shareholder Redemption Risk:** Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund's NAV, increase the fund's brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

***9. CAPITAL SHARE TRANSACTIONS***

Capital shares are issued and redeemed by the Fund only in aggregations of a specified number of shares or multiples thereof ("Creation Units") at NAV. Except when aggregated in Creation Units, shares of the Fund are not redeemable.

Transactions in capital shares were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Year Ended <br>02/28/26 | Year Ended <br>02/28/26 | Year Ended <br>02/28/25 | Year Ended <br>02/28/25 |
| *iShares ETF* | *Shares* | *Amount* | *Shares* | *Amount* |
| ESG Advanced Universal USD Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 2300000 | &nbsp;&nbsp;&nbsp; $99521839 | &nbsp;&nbsp;&nbsp; 2700000 | &nbsp;&nbsp;&nbsp; $115949768 |
| Shares redeemed | &nbsp;&nbsp; (1900000)<br>| &nbsp;&nbsp;&nbsp; (83536380)<br>| &nbsp;&nbsp;&nbsp; (700000)<br>| &nbsp;&nbsp;&nbsp; (29972018)<br>|
|  | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; $15985459 | &nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; $85977750 |

---

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to BRIL, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

To the extent applicable, to facilitate the timely settlement of orders for the Fund using a clearing facility outside of the continuous net settlement process, the Fund, at its sole discretion, may permit an Authorized Participant to post cash as collateral in anticipation of the delivery of all or a portion of the applicable Deposit Securities or Fund Securities, as further described in the applicable Authorized Participant Agreement. The collateral process is subject to a Control Agreement among the Authorized

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

Participant, the Fund's custodian, and the Fund. In the event that the Authorized Participant fails to deliver all or a portion of the applicable Deposit Securities or Fund Securities, the Fund may exercise control over such collateral pursuant to the terms of the Control Agreement in order to purchase the applicable Deposit Securities or Fund Securities.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statement of Assets and Liabilities.

***10. SUBSEQUENT EVENTS***

Management has evaluated the impact of all subsequent events on the Fund through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

Notes to Financial Statements

------

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

iShares Trust and Shareholders of iShares ESG Advanced Universal USD Bond ETF

***Opinion on the Financial Statements***

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of iShares ESG Advanced Universal USD Bond ETF (one of the funds constituting iShares Trust, referred to hereafter as the "Fund") as of February 28, 2026, the related statement of operations for the year ended February 28, 2026, the statement of changes in net assets for each of the two years in the period ended February 28, 2026, including the related notes, and the financial highlights for each of the five years in the period ended February 28, 2026 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of February 28, 2026, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended February 28, 2026 and the financial highlights for each of the five years in the period ended February 28, 2026 in conformity with accounting principles generally accepted in the United States of America.

***Basis for Opinion***

These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 21, 2026

We have served as the auditor of one or more BlackRock investment companies since 2000.

2026 iShares Annual Financial Statements and Additional Information

------

Important Tax Information (unaudited)

The Fund hereby designates the following amount, or maximum amount allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Federal Obligation* <br>*Interest*<br>|
| ESG Advanced Universal USD Bond | &nbsp;&nbsp; $9618815 |

---

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Fund hereby designates the following amount, or maximum amount allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest Dividends* |
| ESG Advanced Universal USD Bond | &nbsp;&nbsp; $27398189 |

---

The Fund hereby designates the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest-Related* <br>*Dividends*<br>|
| ESG Advanced Universal USD Bond | &nbsp;&nbsp; $23526914 |

---

Important Tax Information

------

Additional Information

**Premium/Discount Information**

Information on the Fund's net asset value, market price, premiums and discounts, and bid-ask spreads can be found at **iShares.com**.

**Electronic Delivery**

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at **iShares.com**. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

To enroll in electronic delivery:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Go to **icsdelivery.com**.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

**Changes in and Disagreements with Accountants** 

Not applicable.

**Proxy Results**

Not applicable.

**Remuneration Paid to Trustees, Officers, and Others** 

Because BFA has agreed in the Investment Advisory Agreements to cover all operating expenses of the Fund, subject to certain exclusions as provided for therein, BFA pays the compensation to each Independent Trustee for services to the Fund from BFA's investment advisory fees.

**Availability of Portfolio Holdings Information**

A description of the Trust's policies and procedures with respect to the disclosure of the Fund's portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets, when available, at **iShares.com**.

2026 iShares Annual Financial Statements and Additional Information

------

Glossary of Terms Used in these Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury |
| PIK | Payment-in-kind |
| PJSC | Public Joint Stock Company |
| RB | Revenue Bonds |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |
| TBA | To-Be-Announced |

---

Glossary of Terms Used in this Report

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Want to know more?

**iShares.com** \| 1-800-474-2737

**This report is intended for the Fund's shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.**

**Investing involves risk, including possible loss of principal.**

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg Index Services Limited or Markit Indices Limited, nor do these companies make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the companies listed above.©2026 BlackRock, Inc. All rights reserved. **iSHARES** and **BLACKROCK** are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

![](g147625imgdea164962.gif)

![](g147625img30fd4f253.gif)

------

February 28, 2026

![](g147625img74b189a81.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; 2026 Annual Financial Statements <br> and Additional Information <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **iShares Trust** |
| • iShares Government/Credit Bond ETF \| GBF \| NYSE Arca |
| • iShares Intermediate Government/Credit Bond ETF \| GVI \| Cboe BZX Exchange |
| • iShares MBS ETF \| MBB \| NASDAQ |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Page |
| [Schedules of Investments](#xx_efd4db83-b1cc-4c14-9ff3-d9b62fe0394b_SOIs-Footer-iSharesReport_1)  | &nbsp;&nbsp; 3 |
| [Statements of Assets and Liabilities](#xx_efd4db83-b1cc-4c14-9ff3-d9b62fe0394b_FS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 134 |
| [Statements of Operations](#xx_efd4db83-b1cc-4c14-9ff3-d9b62fe0394b_FS-Footer-iSharesReport_2)  | &nbsp;&nbsp; 135 |
| [Statements of Changes in Net Assets](#xx_efd4db83-b1cc-4c14-9ff3-d9b62fe0394b_FS-Footer-iSharesReport_3)  | &nbsp;&nbsp; 136 |
| [Financial Highlights](#xx_efd4db83-b1cc-4c14-9ff3-d9b62fe0394b_FS-Footer-iSharesReport_5)  | &nbsp;&nbsp; 138 |
| [Notes to Financial Statements](#xx_efd4db83-b1cc-4c14-9ff3-d9b62fe0394b_NTFS-Footer-iSharesReport_1)  | &nbsp;&nbsp; 141 |
| [Report of Independent Registered Public Accounting Firm](#xx_efd4db83-b1cc-4c14-9ff3-d9b62fe0394b_opinion-Footer-iSharesReport_1)  | &nbsp;&nbsp; 150 |
| [Important Tax Information](#xx_efd4db83-b1cc-4c14-9ff3-d9b62fe0394b_Tax-annual-Footer-iSharesReport_1)  | &nbsp;&nbsp; 151 |
| [Additional Information](#xx_efd4db83-b1cc-4c14-9ff3-d9b62fe0394b_SAI-Footer-iSharesReport_1)  | &nbsp;&nbsp; 152 |
| [Glossary of Terms Used in these Financial Statements](#xx_efd4db83-b1cc-4c14-9ff3-d9b62fe0394b_Abbreviations-Footer-iSharesReport_1)  | &nbsp;&nbsp; 153 |

---

------

Schedule of Investments

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.0%** | **Advertising — 0.0%** | **Advertising — 0.0%** |
| Omnicom Group, Inc. |  |  |
| 2.60%, 08/01/31 | &nbsp;&nbsp; $5 | $4557 |
| 3.38%, 03/01/41 | &nbsp;&nbsp; 5 | 3824 |
| 4.65%, 10/01/28 | &nbsp;&nbsp; 5 | 5054 |
| 4.75%, 03/30/30 | &nbsp;&nbsp; 5 | 5095 |
| 5.38%, 06/15/33 | &nbsp;&nbsp; 5 | 5157 |
| 5.40%, 10/01/48 | &nbsp;&nbsp; 5 | 4543 |
|  |  | 28230 |
| **Aerospace & Defense — 0.6%** | **Aerospace & Defense — 0.6%** | **Aerospace & Defense — 0.6%** |
| Boeing Co.(The) |  |  |
| 2.80%, 03/01/27 | &nbsp;&nbsp; 5 | 4940 |
| 2.95%, 02/01/30 | &nbsp;&nbsp; 5 | 4791 |
| 3.25%, 02/01/28 | &nbsp;&nbsp; 15 | 14822 |
| 3.25%, 02/01/35 | &nbsp;&nbsp; 20 | 17811 |
| 3.45%, 11/01/28 | &nbsp;&nbsp; 5 | 4940 |
| 3.60%, 05/01/34 | &nbsp;&nbsp; 22 | 20291 |
| 3.63%, 02/01/31 | &nbsp;&nbsp; 35 | 33991 |
| 3.63%, 03/01/48 | &nbsp;&nbsp; 5 | 3659 |
| 3.95%, 08/01/59 | &nbsp;&nbsp; 15 | 10750 |
| 5.04%, 05/01/27 | &nbsp;&nbsp; 30 | 30316 |
| 5.15%, 05/01/30 | &nbsp;&nbsp; 50 | 51781 |
| 5.71%, 05/01/40 | &nbsp;&nbsp; 40 | 41627 |
| 5.81%, 05/01/50 | &nbsp;&nbsp; 20 | 20060 |
| 5.93%, 05/01/60 | &nbsp;&nbsp; 15 | 15058 |
| 6.30%, 05/01/29 | &nbsp;&nbsp; 20 | 21312 |
| 6.53%, 05/01/34 | &nbsp;&nbsp; 30 | 33661 |
| Embraer Netherlands Finance BV, 5.98%, 02/11/35 | &nbsp;&nbsp; 20 | 21463 |
| General Dynamics Corp. |  |  |
| 3.63%, 04/01/30 | &nbsp;&nbsp; 20 | 19805 |
| 4.25%, 04/01/40 | &nbsp;&nbsp; 20 | 18612 |
| 4.25%, 04/01/50 | &nbsp;&nbsp; 15 | 12973 |
| General Electric Co., 6.75%, 03/15/32 | &nbsp;&nbsp; 10 | 11427 |
| HEICO Corp. |  |  |
| 5.25%, 08/01/28 | &nbsp;&nbsp; 5 | 5145 |
| 5.35%, 08/01/33 | &nbsp;&nbsp; 5 | 5251 |
| Hexcel Corp., 5.88%, 02/26/35 | &nbsp;&nbsp; 20 | 21304 |
| Howmet Aerospace, Inc., 5.95%, 02/01/37 | &nbsp;&nbsp; 25 | 27291 |
| L3Harris Technologies, Inc. |  |  |
| 4.85%, 04/27/35 | &nbsp;&nbsp; 5 | 5048 |
| 5.05%, 04/27/45 | &nbsp;&nbsp; 10 | 9717 |
| 5.40%, 07/31/33 | &nbsp;&nbsp; 15 | 15798 |
| Lockheed Martin Corp. |  |  |
| 2.80%, 06/15/50 | &nbsp;&nbsp; 10 | 6503 |
| 3.80%, 03/01/45 | &nbsp;&nbsp; 5 | 4100 |
| 3.90%, 06/15/32 | &nbsp;&nbsp; 5 | 4965 |
| 4.09%, 09/15/52 | &nbsp;&nbsp; 15 | 12168 |
| 4.15%, 06/15/53 | &nbsp;&nbsp; 5 | 4085 |
| 4.50%, 02/15/29 | &nbsp;&nbsp; 15 | 15301 |
| 4.70%, 05/15/46 | &nbsp;&nbsp; 5 | 4615 |
| 4.75%, 02/15/34 | &nbsp;&nbsp; 15 | 15391 |
| 5.10%, 11/15/27 | &nbsp;&nbsp; 5 | 5118 |
| 5.20%, 02/15/55<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9626 |
| 5.90%, 11/15/63 | &nbsp;&nbsp; 5 | 5268 |
| Series B, 6.15%, 09/01/36 | &nbsp;&nbsp; 5 | 5615 |
| Northrop Grumman Corp. |  |  |
| 3.25%, 01/15/28 | &nbsp;&nbsp; 5 | 4950 |
| 4.40%, 05/01/30 | &nbsp;&nbsp; 5 | 5072 |
| 4.90%, 06/01/34 | &nbsp;&nbsp; 20 | 20526 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| RTX Corp. |  |  |
| 2.25%, 07/01/30 | &nbsp;&nbsp; $20 | $18637 |
| 2.82%, 09/01/51 | &nbsp;&nbsp; 10 | 6384 |
| 3.03%, 03/15/52 | &nbsp;&nbsp; 10 | 6646 |
| 3.75%, 11/01/46 | &nbsp;&nbsp; 15 | 11886 |
| 4.13%, 11/16/28 | &nbsp;&nbsp; 5 | 5030 |
| 4.45%, 11/16/38 | &nbsp;&nbsp; 5 | 4761 |
| 4.50%, 06/01/42 | &nbsp;&nbsp; 25 | 22984 |
| 4.63%, 11/16/48 | &nbsp;&nbsp; 20 | 17819 |
| 4.80%, 12/15/43 | &nbsp;&nbsp; 10 | 9377 |
| 5.15%, 02/27/33 | &nbsp;&nbsp; 10 | 10464 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 10 | 10844 |
| 6.05%, 06/01/36 | &nbsp;&nbsp; 10 | 11092 |
| 6.10%, 03/15/34 | &nbsp;&nbsp; 20 | 22103 |
|  |  | 784974 |
| **Agriculture — 0.4%** | **Agriculture — 0.4%** | **Agriculture — 0.4%** |
| Altria Group, Inc. |  |  |
| 2.45%, 02/04/32 | &nbsp;&nbsp; 25 | 22432 |
| 3.40%, 05/06/30 | &nbsp;&nbsp; 5 | 4865 |
| 3.40%, 02/04/41 | &nbsp;&nbsp; 15 | 11754 |
| 3.70%, 02/04/51 | &nbsp;&nbsp; 10 | 7157 |
| 3.88%, 09/16/46 | &nbsp;&nbsp; 10 | 7704 |
| 4.45%, 05/06/50 | &nbsp;&nbsp; 10 | 8106 |
| 4.80%, 02/14/29 | &nbsp;&nbsp; 25 | 25546 |
| 5.38%, 01/31/44 | &nbsp;&nbsp; 20 | 19324 |
| 5.80%, 02/14/39 | &nbsp;&nbsp; 15 | 15596 |
| Archer-Daniels-Midland Co. |  |  |
| 3.25%, 03/27/30 | &nbsp;&nbsp; 15 | 14594 |
| 3.75%, 09/15/47 | &nbsp;&nbsp; 5 | 4001 |
| 4.50%, 08/15/33 | &nbsp;&nbsp; 10 | 10112 |
| 4.50%, 03/15/49 | &nbsp;&nbsp; 20 | 17558 |
| 5.38%, 09/15/35 | &nbsp;&nbsp; 4 | 4260 |
| BAT Capital Corp. |  |  |
| 2.26%, 03/25/28 | &nbsp;&nbsp; 30 | 29019 |
| 3.46%, 09/06/29 | &nbsp;&nbsp; 5 | 4905 |
| 3.56%, 08/15/27 | &nbsp;&nbsp; 23 | 22882 |
| 3.98%, 09/25/50 | &nbsp;&nbsp; 5 | 3757 |
| 4.39%, 08/15/37 | &nbsp;&nbsp; 20 | 18704 |
| 4.54%, 08/15/47 | &nbsp;&nbsp; 17 | 14321 |
| 4.70%, 04/02/27 | &nbsp;&nbsp; 5 | 5034 |
| 4.74%, 03/16/32 | &nbsp;&nbsp; 15 | 15258 |
| 5.28%, 04/02/50 | &nbsp;&nbsp; 10 | 9173 |
| 5.83%, 02/20/31 | &nbsp;&nbsp; 5 | 5345 |
| 6.00%, 02/20/34 | &nbsp;&nbsp; 15 | 16251 |
| 7.08%, 08/02/43 | &nbsp;&nbsp; 15 | 17060 |
| Bunge Ltd. Finance Corp. |  |  |
| 2.75%, 05/14/31 | &nbsp;&nbsp; 20 | 18609 |
| 3.20%, 04/21/31 | &nbsp;&nbsp; 5 | 4757 |
| Philip Morris International, Inc. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 5 | 4504 |
| 2.10%, 05/01/30 | &nbsp;&nbsp; 5 | 4626 |
| 3.13%, 08/17/27 | &nbsp;&nbsp; 5 | 4958 |
| 3.88%, 08/21/42 | &nbsp;&nbsp; 10 | 8372 |
| 4.25%, 10/29/32 | &nbsp;&nbsp; 25 | 24929 |
| 4.25%, 11/10/44 | &nbsp;&nbsp; 11 | 9501 |
| 4.38%, 11/15/41 | &nbsp;&nbsp; 10 | 9011 |
| 4.88%, 11/15/43 | &nbsp;&nbsp; 10 | 9352 |
| 5.13%, 11/17/27 | &nbsp;&nbsp; 40 | 40816 |
| 5.75%, 11/17/32 | &nbsp;&nbsp; 20 | 21567 |
| 6.38%, 05/16/38 | &nbsp;&nbsp; 20 | 22494 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| Reynolds American, Inc., 5.70%, 08/15/35 | &nbsp;&nbsp; $5 | $5273 |
|  |  | 523487 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| American Airlines Pass-Through Trust |  |  |
| Series 2015-2, Class AA, 3.60%, 03/22/29 | &nbsp;&nbsp; 11 | 10893 |
| Series 2016-3, Class AA, 3.00%, 04/15/30 | &nbsp;&nbsp; 9 | 8358 |
| Series 2017-2, Class AA, 3.35%, 04/15/31 | &nbsp;&nbsp; 3 | 2892 |
| Series A, Class A, 2.88%, 01/11/36 | &nbsp;&nbsp; 8 | 7447 |
| Delta Air Lines, Inc., 5.25%, 07/10/30 | &nbsp;&nbsp; 15 | 15468 |
| JetBlue Pass-Through Trust |  |  |
| Series 1A, 4.00%, 05/15/34 | &nbsp;&nbsp; 7 | 6439 |
| Series 2019-1, Class AA, 2.75%, 11/15/33 | &nbsp;&nbsp; 3 | 3238 |
| Southwest Airlines Co. |  |  |
| 2.63%, 02/10/30 | &nbsp;&nbsp; 10 | 9372 |
| 5.13%, 06/15/27 | &nbsp;&nbsp; 20 | 20232 |
| United Airlines Pass-Through Trust |  |  |
| 5.80%, 07/15/37 | &nbsp;&nbsp; 14 | 14465 |
| Series 2016-2, Class AA, 2.88%, 04/07/30 | &nbsp;&nbsp; 3 | 2918 |
| Series 2018-1, Class AA, 3.50%, 09/01/31 | &nbsp;&nbsp; 3 | 3191 |
| Series 2020-1, 5.88%, 04/15/29 | &nbsp;&nbsp; 8 | 8335 |
|  |  | 113248 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| NIKE, Inc. |  |  |
| 2.85%, 03/27/30 | &nbsp;&nbsp; 15 | 14421 |
| 3.25%, 03/27/40 | &nbsp;&nbsp; 15 | 12354 |
| 3.38%, 11/01/46 | &nbsp;&nbsp; 15 | 11303 |
| 3.38%, 03/27/50 | &nbsp;&nbsp; 15 | 10974 |
| 3.63%, 05/01/43 | &nbsp;&nbsp; 10 | 8117 |
| 3.88%, 11/01/45 | &nbsp;&nbsp; 15 | 12324 |
| Tapestry, Inc., 3.05%, 03/15/32 | &nbsp;&nbsp; 5 | 4641 |
|  |  | 74134 |
| **Auto Manufacturers — 0.7%** | **Auto Manufacturers — 0.7%** | **Auto Manufacturers — 0.7%** |
| American Honda Finance Corp. |  |  |
| 1.80%, 01/13/31 | &nbsp;&nbsp; 10 | 8940 |
| 4.60%, 04/17/30 | &nbsp;&nbsp; 5 | 5086 |
| 4.90%, 01/10/34 | &nbsp;&nbsp; 15 | 15233 |
| 5.85%, 10/04/30 | &nbsp;&nbsp; 10 | 10683 |
| Cummins, Inc. |  |  |
| 1.50%, 09/01/30 | &nbsp;&nbsp; 15 | 13537 |
| 2.60%, 09/01/50 | &nbsp;&nbsp; 5 | 3110 |
| 5.15%, 02/20/34 | &nbsp;&nbsp; 15 | 15659 |
| Ford Motor Co., 4.75%, 01/15/43 | &nbsp;&nbsp; 20 | 16086 |
| Ford Motor Credit Co. LLC |  |  |
| 4.00%, 11/13/30 | &nbsp;&nbsp; 200 | 191548 |
| 4.13%, 08/17/27 | &nbsp;&nbsp; 200 | 199266 |
| 6.50%, 02/07/35 | &nbsp;&nbsp; 10 | 10495 |
| General Motors Co. |  |  |
| 4.20%, 10/01/27 | &nbsp;&nbsp; 5 | 5010 |
| 5.20%, 04/01/45 | &nbsp;&nbsp; 10 | 9113 |
| 5.40%, 10/15/29 | &nbsp;&nbsp; 10 | 10394 |
| 5.60%, 10/15/32 | &nbsp;&nbsp; 15 | 15805 |
| 5.95%, 04/01/49 | &nbsp;&nbsp; 15 | 14772 |
| 6.25%, 10/02/43 | &nbsp;&nbsp; 10 | 10259 |
| 6.75%, 04/01/46 | &nbsp;&nbsp; 5 | 5404 |
| 6.80%, 10/01/27 | &nbsp;&nbsp; 10 | 10372 |
| General Motors Financial Co., Inc. |  |  |
| 2.35%, 01/08/31 | &nbsp;&nbsp; 20 | 18197 |
| 2.70%, 06/10/31 | &nbsp;&nbsp; 20 | 18363 |
| 5.00%, 04/09/27 | &nbsp;&nbsp; 20 | 20206 |
| 5.35%, 01/07/30 | &nbsp;&nbsp; 40 | 41516 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 5.45%, 01/08/36 | &nbsp;&nbsp; $5 | $5087 |
| 5.80%, 06/23/28 | &nbsp;&nbsp; 5 | 5180 |
| 5.90%, 01/07/35 | &nbsp;&nbsp; 20 | 21016 |
| 5.95%, 04/04/34 | &nbsp;&nbsp; 15 | 15917 |
| 6.10%, 01/07/34 | &nbsp;&nbsp; 15 | 16059 |
| Honda Motor Co. Ltd., 2.53%, 03/10/27 | &nbsp;&nbsp; 20 | 19742 |
| PACCAR Financial Corp., 4.60%, 01/31/29 | &nbsp;&nbsp; 10 | 10241 |
| Toyota Motor Credit Corp. |  |  |
| 3.05%, 03/22/27 | &nbsp;&nbsp; 5 | 4968 |
| 3.05%, 01/11/28 | &nbsp;&nbsp; 5 | 4944 |
| 4.55%, 05/17/30 | &nbsp;&nbsp; 5 | 5119 |
| 4.63%, 01/12/28 | &nbsp;&nbsp; 20 | 20343 |
| 4.70%, 01/12/33 | &nbsp;&nbsp; 5 | 5112 |
| 4.80%, 01/05/34 | &nbsp;&nbsp; 5 | 5121 |
| 5.05%, 05/16/29 | &nbsp;&nbsp; 50 | 51817 |
| 5.45%, 11/10/27 | &nbsp;&nbsp; 5 | 5146 |
| Series B, 3.75%, 01/12/28 | &nbsp;&nbsp; 25 | 25043 |
|  |  | 889909 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.10%, 12/01/51 | &nbsp;&nbsp; 35 | 22806 |
| 3.25%, 03/01/32 | &nbsp;&nbsp; 10 | 9457 |
| BorgWarner, Inc., 2.65%, 07/01/27 | &nbsp;&nbsp; 15 | 14737 |
| Lear Corp. |  |  |
| 3.50%, 05/30/30 | &nbsp;&nbsp; 5 | 4850 |
| 3.55%, 01/15/52 | &nbsp;&nbsp; 10 | 6977 |
| 5.25%, 05/15/49<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4616 |
| Magna International, Inc. |  |  |
| 2.45%, 06/15/30 | &nbsp;&nbsp; 10 | 9370 |
| 5.50%, 03/21/33 | &nbsp;&nbsp; 5 | 5258 |
|  |  | 78071 |
| **Banks — 6.8%** | **Banks — 6.8%** | **Banks — 6.8%** |
| Banco Santander SA |  |  |
| 4.38%, 04/12/28 | &nbsp;&nbsp; 200 | 201170 |
| 5.54%, 03/14/30, (1-year CMT + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 207604 |
| Bank of America Corp. |  |  |
| 1.90%, 07/23/31, (1-day SOFR + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 13605 |
| 2.09%, 06/14/29, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 14368 |
| 2.30%, 07/21/32, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 31546 |
| 2.48%, 09/21/36, (5-year CMT + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 22086 |
| 2.50%, 02/13/31, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 23470 |
| 2.57%, 10/20/32, (1-day SOFR + 1.21%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 31850 |
| 2.59%, 04/29/31, (1-day SOFR + 2.15%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 23489 |
| 2.68%, 06/19/41, (1-day SOFR + 1.93%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 3713 |
| 2.69%, 04/22/32, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 23156 |
| 2.83%, 10/24/51, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 9677 |
| 2.97%, 02/04/33, (1-day SOFR + 1.33%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 27715 |
| 2.97%, 07/21/52, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 3303 |
| 3.19%, 07/23/30, (3-mo. CME Term SOFR + <br> 1.44%)<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | 14580 |
| 3.25%, 10/21/27 | &nbsp;&nbsp; 50 | 49582 |
| 3.31%, 04/22/42, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 31795 |
| 3.42%, 12/20/28, (3-mo. CME Term SOFR + <br> 1.30%)<sup>(b)</sup><br>| &nbsp;&nbsp; 35 | 34643 |
| 3.85%, 03/08/37, (5-year CMT + 2.00%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4731 |
| 3.97%, 03/05/29, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(b)</sup><br>| &nbsp;&nbsp; 12 | 11991 |
| 3.97%, 02/07/30, (3-mo. CME Term SOFR + <br> 1.47%)<sup>(b)</sup><br>| &nbsp;&nbsp; 35 | 34946 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.08%, 04/23/40, (3-mo. CME Term SOFR + <br> 1.58%)<sup>(b)</sup><br>| &nbsp;&nbsp; $20 | $17976 |
| 4.08%, 03/20/51, (3-mo. CME Term SOFR + <br> 3.41%)<sup>(b)</sup><br>| &nbsp;&nbsp; 35 | 28373 |
| 4.24%, 04/24/38, (3-mo. CME Term SOFR + <br> 2.08%)<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 23409 |
| 4.33%, 03/15/50, (3-mo. CME Term SOFR + <br> 1.78%)<sup>(b)</sup><br>| &nbsp;&nbsp; 30 | 25437 |
| 4.44%, 01/20/48, (3-mo. CME Term SOFR + <br> 2.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 21916 |
| 4.57%, 04/27/33, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 35160 |
| 4.95%, 07/22/28, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 45 | 45556 |
| 5.00%, 01/21/44 | &nbsp;&nbsp; 35 | 34008 |
| 5.02%, 07/22/33, (1-day SOFR + 2.16%)<sup>(b)</sup> | &nbsp;&nbsp; 55 | 56547 |
| 5.20%, 04/25/29, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30735 |
| 5.29%, 04/25/34, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 55 | 57100 |
| 5.47%, 01/23/35, (1-day SOFR + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 55 | 57642 |
| 5.51%, 01/24/36, (1-day SOFR + 1.31%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5241 |
| 5.82%, 09/15/29, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20856 |
| 5.87%, 09/15/34, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 42913 |
| 5.88%, 02/07/42 | &nbsp;&nbsp; 25 | 26887 |
| 6.20%, 11/10/28, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10356 |
| Series N, 2.65%, 03/11/32, (1-day SOFR + <br> 1.22%)<sup>(b)</sup><br>| &nbsp;&nbsp; 25 | 23193 |
| Series N, 3.48%, 03/13/52, (1-day SOFR + <br> 1.65%)<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | 10929 |
| Bank of Montreal |  |  |
| 2.65%, 03/08/27 | &nbsp;&nbsp; 5 | 4946 |
| 3.09%, 01/10/37, (5-year CMT + 1.40%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9127 |
| 3.80%, 12/15/32, (5-year USD Swap + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4956 |
| 4.64%, 09/10/30, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5090 |
| 5.00%, 01/27/29, (1-day SOFR Index + 0.67%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5098 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 5 | 5295 |
| Bank of New York Mellon Corp.(The) |  |  |
| 2.50%, 01/26/32 | &nbsp;&nbsp; 5 | 4579 |
| 3.30%, 08/23/29 | &nbsp;&nbsp; 5 | 4887 |
| 3.85%, 04/28/28 | &nbsp;&nbsp; 5 | 5019 |
| 3.85%, 04/26/29 | &nbsp;&nbsp; 95 | 95265 |
| 4.03%, 01/22/30, (1-day SOFR + 0.63%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10015 |
| 5.06%, 07/22/32, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10402 |
| 5.61%, 07/21/39, (1-day SOFR + 1.77%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5265 |
| 6.32%, 10/25/29, (1-day SOFR + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5291 |
| Bank of Nova Scotia(The) |  |  |
| 2.15%, 08/01/31 | &nbsp;&nbsp; 5 | 4514 |
| 2.45%, 02/02/32 | &nbsp;&nbsp; 5 | 4525 |
| 4.34%, 09/15/31, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5014 |
| 4.59%, 05/04/37, (5-year CMT + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9828 |
| Barclays PLC |  |  |
| 5.86%, 08/11/46, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10292 |
| 7.39%, 11/02/28, (1-year CMT + 3.30%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 210455 |
| 7.44%, 11/02/33, (1-year CMT + 3.50%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 229494 |
| Blackstone Reg Finance Co. LLC, 4.95%, 02/15/36 | &nbsp;&nbsp; 5 | 4950 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.60%, 04/07/32 | &nbsp;&nbsp; 5 | 4812 |
| 5.00%, 04/28/28 | &nbsp;&nbsp; 10 | 10230 |
| Citigroup, Inc. |  |  |
| 2.52%, 11/03/32, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 13569 |
| 2.56%, 05/01/32, (1-day SOFR + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 13737 |
| 2.57%, 06/03/31, (1-day SOFR + 2.11%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28041 |
| 2.67%, 01/29/31, (1-day SOFR + 1.15%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4719 |
| 2.90%, 11/03/42, (1-day SOFR + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 3721 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.06%, 01/25/33, (1-day SOFR + 1.35%)<sup>(b)</sup> | &nbsp;&nbsp; $10 | $9250 |
| 3.67%, 07/24/28, (3-mo. CME Term SOFR + <br> 1.65%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 4976 |
| 3.79%, 03/17/33, (1-day SOFR + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28811 |
| 3.88%, 01/24/39, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 4457 |
| 4.13%, 07/25/28 | &nbsp;&nbsp; 50 | 50063 |
| 4.41%, 03/31/31, (1-day SOFR + 3.91%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25123 |
| 4.45%, 09/29/27 | &nbsp;&nbsp; 15 | 15088 |
| 4.54%, 09/19/30, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20232 |
| 4.64%, 05/07/28, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 60 | 60419 |
| 4.65%, 07/23/48 | &nbsp;&nbsp; 9 | 8034 |
| 4.66%, 05/24/28, (1-day SOFR + 1.89%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5036 |
| 4.91%, 05/24/33, (1-day SOFR + 2.09%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30551 |
| 5.30%, 05/06/44 | &nbsp;&nbsp; 5 | 4850 |
| 5.32%, 03/26/41, (1-day SOFR + 4.55%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5018 |
| 5.45%, 06/11/35, (1-day SOFR + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5208 |
| 5.61%, 03/04/56, (1-day SOFR + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10043 |
| 5.83%, 02/13/35, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31239 |
| 5.88%, 02/22/33 | &nbsp;&nbsp; 35 | 37633 |
| 6.00%, 10/31/33 | &nbsp;&nbsp; 10 | 10769 |
| 6.02%, 01/24/36, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36728 |
| 6.17%, 05/25/34, (1-day SOFR + 2.66%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 42702 |
| 6.27%, 11/17/33, (1-day SOFR + 2.34%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 43878 |
| 6.63%, 06/15/32 | &nbsp;&nbsp; 25 | 27809 |
| 8.13%, 07/15/39 | &nbsp;&nbsp; 20 | 25745 |
| Citizens Financial Group, Inc. |  |  |
| 2.64%, 09/30/32 | &nbsp;&nbsp; 5 | 4395 |
| 5.64%, 05/21/37, (5-year CMT + 2.75%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10271 |
| Cooperatieve Rabobank UA, 5.75%, 12/01/43 | &nbsp;&nbsp; 50 | 50912 |
| Deutsche Bank AG/New York NY, 3.55%, 09/18/31, <br> (1-day SOFR + 3.04%)<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 192071 |
| Fifth Third Bancorp |  |  |
| 4.57%, 04/29/32, (1-day SOFR + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5028 |
| 5.63%, 01/29/32, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5269 |
| 8.25%, 03/01/38 | &nbsp;&nbsp; 10 | 12390 |
| First-Citizens Bank & Trust Co., 6.13%, 03/09/28 | &nbsp;&nbsp; 5 | 5170 |
| Goldman Sachs Capital I, 6.35%, 02/15/34 | &nbsp;&nbsp; 5 | 5379 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 1.99%, 01/27/32, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 17892 |
| 2.38%, 07/21/32, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 45 | 40578 |
| 2.62%, 04/22/32, (1-day SOFR + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 32137 |
| 2.65%, 10/21/32, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 22751 |
| 2.91%, 07/21/42, (1-day SOFR + 1.47%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 11093 |
| 3.10%, 02/24/33, (1-day SOFR + 1.41%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 32451 |
| 3.21%, 04/22/42, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 19261 |
| 3.44%, 02/24/43, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 15681 |
| 3.62%, 03/15/28, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 80 | 79615 |
| 3.80%, 03/15/30 | &nbsp;&nbsp; 10 | 9897 |
| 4.02%, 10/31/38, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | 18074 |
| 4.15%, 01/21/29, (1-day SOFR + 0.71%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5001 |
| 4.22%, 05/01/29, (3-mo. CME Term SOFR + <br> 1.56%)<sup>(b)</sup><br>| &nbsp;&nbsp; 40 | 40100 |
| 4.41%, 04/23/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | 9302 |
| 4.94%, 10/21/36, (1-day SOFR + 1.33%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24889 |
| 5.02%, 10/23/35, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20226 |
| 5.07%, 01/21/37, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15101 |
| 5.15%, 05/22/45 | &nbsp;&nbsp; 20 | 18813 |
| 5.33%, 07/23/35, (1-day SOFR + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20597 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.73%, 01/28/56, (1-day SOFR + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; $25 | $25352 |
| 5.85%, 04/25/35, (1-day SOFR + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 53345 |
| 6.25%, 02/01/41 | &nbsp;&nbsp; 15 | 16401 |
| 6.45%, 05/01/36 | &nbsp;&nbsp; 30 | 33049 |
| 6.56%, 10/24/34, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 16720 |
| 6.75%, 10/01/37 | &nbsp;&nbsp; 25 | 28017 |
| HSBC Bank USA N.A, 7.00%, 01/15/39 | &nbsp;&nbsp; 70 | 82351 |
| HSBC Holdings PLC |  |  |
| 3.97%, 05/22/30, (3-mo. CME Term SOFR + <br> 1.87%)<sup>(b)</sup><br>| &nbsp;&nbsp; 145 | 144015 |
| 4.58%, 06/19/29, (3-mo. CME Term SOFR + <br> 1.80%)<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 201918 |
| 4.76%, 06/09/28, (1-day SOFR + 2.11%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 201713 |
| 6.25%, 03/09/34, (1-day SOFR + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 218448 |
| 6.33%, 03/09/44, (1-day SOFR + 2.65%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 11066 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 5.02%, 05/17/33, (1-day SOFR + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5102 |
| 6.14%, 11/18/39, (5-year CMT + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 26280 |
| ING Groep NV, 5.34%, 03/19/30, (1-day SOFR + <br> 1.44%)<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 207012 |
| JPMorgan Chase & Co. |  |  |
| 1.76%, 11/19/31, (3-mo. CME Term SOFR + <br> 1.11%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 4479 |
| 2.18%, 06/01/28, (1-day SOFR + 1.89%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 14675 |
| 2.52%, 04/22/31, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 14073 |
| 2.55%, 11/08/32, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 18212 |
| 2.58%, 04/22/32, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 35 | 32261 |
| 2.96%, 05/13/31, (3-mo. CME Term SOFR + <br> 2.52%)<sup>(b)</sup><br>| &nbsp;&nbsp; 21 | 19965 |
| 2.96%, 01/25/33, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 45 | 41701 |
| 3.11%, 04/22/51, (1-day SOFR + 2.44%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 17141 |
| 3.16%, 04/22/42, (3-mo. CME Term SOFR + <br> 1.46%)<sup>(b)</sup><br>| &nbsp;&nbsp; 30 | 23446 |
| 3.33%, 04/22/52, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 10720 |
| 3.51%, 01/23/29, (3-mo. CME Term SOFR + <br> 1.21%)<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | 19830 |
| 3.90%, 01/23/49, (3-mo. CME Term SOFR + <br> 1.48%)<sup>(b)</sup><br>| &nbsp;&nbsp; 15 | 12052 |
| 4.20%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.52%)<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | 10042 |
| 4.25%, 10/01/27 | &nbsp;&nbsp; 10 | 10070 |
| 4.26%, 02/22/48, (3-mo. CME Term SOFR + <br> 1.84%)<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | 17183 |
| 4.32%, 04/26/28, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10035 |
| 4.59%, 04/26/33, (1-day SOFR + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30272 |
| 4.85%, 07/25/28, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10116 |
| 4.85%, 02/01/44 | &nbsp;&nbsp; 5 | 4794 |
| 4.90%, 01/22/37, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5027 |
| 4.91%, 07/25/33, (1-day SOFR + 2.08%)<sup>(b)</sup> | &nbsp;&nbsp; 100 | 102560 |
| 4.95%, 10/22/35, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40576 |
| 4.95%, 06/01/45 | &nbsp;&nbsp; 5 | 4744 |
| 5.14%, 01/24/31, (1-day SOFR + 1.01%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15564 |
| 5.29%, 07/22/35, (1-day SOFR + 1.46%)<sup>(b)</sup> | &nbsp;&nbsp; 45 | 46686 |
| 5.34%, 01/23/35, (1-day SOFR + 1.62%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 52066 |
| 5.35%, 06/01/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 52325 |
| 5.50%, 01/24/36, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31537 |
| 5.50%, 10/15/40 | &nbsp;&nbsp; 15 | 15797 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 30 | 31375 |
| 5.63%, 08/16/43 | &nbsp;&nbsp; 20 | 20613 |
| 5.72%, 09/14/33, (1-day SOFR + 2.58%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 37103 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.25%, 10/23/34, (1-day SOFR + 1.81%)<sup>(b)</sup> | &nbsp;&nbsp; $20 | $21984 |
| 8.00%, 04/29/27 | &nbsp;&nbsp; 35 | 36623 |
| 8.75%, 09/01/30 | &nbsp;&nbsp; 10 | 11811 |
| KeyCorp, 5.31%, 01/28/37, (1-day SOFR + 1.37%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5041 |
| Kreditanstalt fuer Wiederaufbau |  |  |
| 0.00%, 04/18/36<sup>(c)</sup> | &nbsp;&nbsp; 20 | 13347 |
| 0.00%, 06/29/37<sup>(c)</sup> | &nbsp;&nbsp; 165 | 104098 |
| 1.75%, 09/14/29 | &nbsp;&nbsp; 5 | 4720 |
| 3.00%, 05/20/27 | &nbsp;&nbsp; 5 | 4971 |
| 3.50%, 08/27/27 | &nbsp;&nbsp; 5 | 5005 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 45 | 45284 |
| 3.75%, 07/15/30 | &nbsp;&nbsp; 45 | 45437 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 10 | 10098 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 5 | 5085 |
| 4.38%, 03/01/27 | &nbsp;&nbsp; 5 | 5041 |
| Landwirtschaftliche Rentenbank |  |  |
| 0.88%, 09/03/30 | &nbsp;&nbsp; 5 | 4452 |
| 4.63%, 04/17/29 | &nbsp;&nbsp; 5 | 5171 |
| Lloyds Banking Group PLC, 4.34%, 01/09/48 | &nbsp;&nbsp; 100 | 84746 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 3.75%, 07/18/39 | &nbsp;&nbsp; 200 | 177442 |
| 5.06%, 01/14/37, (1-year CMT + 0.90%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5061 |
| Mizuho Financial Group, Inc., 2.20%, 07/10/31, (3-mo. <br> CME Term SOFR + 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 184034 |
| Morgan Stanley |  |  |
| 1.79%, 02/13/32, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 26558 |
| 1.93%, 04/28/32, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 31051 |
| 2.24%, 07/21/32, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 22417 |
| 2.48%, 09/16/36, (1-day SOFR + 1.36%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 35394 |
| 2.51%, 10/20/32, (1-day SOFR + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 45 | 40787 |
| 2.70%, 01/22/31, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 23638 |
| 2.80%, 01/25/52, (1-day SOFR + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 6409 |
| 2.94%, 01/21/33, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 23019 |
| 3.59%, 07/22/28<sup>(b)</sup> | &nbsp;&nbsp; 30 | 29824 |
| 3.62%, 04/01/31, (1-day SOFR + 3.12%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24439 |
| 3.97%, 07/22/38<sup>(b)</sup> | &nbsp;&nbsp; 45 | 40852 |
| 4.21%, 04/20/28, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20037 |
| 4.24%, 01/09/30, (1-day SOFR + 0.80%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5016 |
| 4.30%, 01/27/45 | &nbsp;&nbsp; 10 | 8716 |
| 4.38%, 01/22/47 | &nbsp;&nbsp; 5 | 4342 |
| 4.43%, 01/23/30, (3-mo. CME Term SOFR + <br> 1.89%)<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | 20174 |
| 4.46%, 04/22/39, (3-mo. CME Term SOFR + <br> 1.69%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 4736 |
| 4.89%, 07/20/33, (1-day SOFR + 2.08%)<sup>(b)</sup> | &nbsp;&nbsp; 40 | 40743 |
| 5.12%, 02/01/29, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10206 |
| 5.25%, 04/21/34, (1-day SOFR + 1.87%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25874 |
| 5.30%, 04/20/37, (1-day SOFR + 2.62%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30735 |
| 5.32%, 07/19/35, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31040 |
| 5.45%, 07/20/29, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10311 |
| 5.47%, 01/18/35, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31350 |
| 5.59%, 01/18/36, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 26274 |
| 5.66%, 04/18/30, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20889 |
| 5.83%, 04/19/35, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 32034 |
| 5.94%, 02/07/39, (5-year CMT + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 21051 |
| 5.95%, 01/19/38, (5-year CMT + 2.43%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10549 |
| 6.30%, 10/18/28, (1-day SOFR + 2.24%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5180 |
| 6.34%, 10/18/33, (1-day SOFR + 2.56%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 32974 |
| 6.38%, 07/24/42 | &nbsp;&nbsp; 15 | 16747 |
| 7.25%, 04/01/32 | &nbsp;&nbsp; 30 | 34734 |
| Series I, 4.89%, 10/22/36, (1-day SOFR + 1.31%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 24869 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| NatWest Group PLC, 4.89%, 05/18/29, (3-mo. SOFR <br> US + 2.01%)<sup>(b)</sup><br>| &nbsp;&nbsp; $200 | $203475 |
| Northern Trust Corp., 6.13%, 11/02/32 | &nbsp;&nbsp; 5 | 5471 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.31%, 04/23/32, (1-day SOFR + 0.98%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4554 |
| 3.15%, 05/19/27 | &nbsp;&nbsp; 5 | 4962 |
| 3.45%, 04/23/29 | &nbsp;&nbsp; 27 | 26715 |
| 4.63%, 06/06/33, (1-day SOFR Index + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4989 |
| 5.07%, 01/24/34, (1-day SOFR + 1.93%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15475 |
| 5.40%, 07/23/35, (1-day SOFR + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15622 |
| 5.94%, 08/18/34, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5399 |
| 6.88%, 10/20/34, (1-day SOFR + 2.28%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 17028 |
| Regions Financial Corp., 7.38%, 12/10/37 | &nbsp;&nbsp; 5 | 5845 |
| Royal Bank of Canada |  |  |
| 3.88%, 05/04/32 | &nbsp;&nbsp; 15 | 14733 |
| 4.24%, 08/03/27 | &nbsp;&nbsp; 5 | 5032 |
| 4.90%, 01/12/28 | &nbsp;&nbsp; 5 | 5105 |
| 4.95%, 02/01/29 | &nbsp;&nbsp; 10 | 10317 |
| 5.00%, 02/01/33 | &nbsp;&nbsp; 5 | 5185 |
| Santander Holdings USA, Inc. |  |  |
| 4.40%, 07/13/27 | &nbsp;&nbsp; 5 | 5008 |
| 6.50%, 03/09/29, (1-day SOFR + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5207 |
| State Street Corp. |  |  |
| 2.20%, 03/03/31 | &nbsp;&nbsp; 10 | 9102 |
| 4.54%, 02/28/28 | &nbsp;&nbsp; 5 | 5079 |
| 5.68%, 11/21/29, (1-day SOFR + 1.48%)<sup>(b)</sup> | &nbsp;&nbsp; 95 | 99305 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 1.90%, 09/17/28 | &nbsp;&nbsp; 200 | 190042 |
| 5.57%, 01/15/47, (1-day SOFR + 1.36%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10190 |
| 5.77%, 01/13/33 | &nbsp;&nbsp; 200 | 214579 |
| Toronto-Dominion Bank(The) |  |  |
| 2.00%, 09/10/31 | &nbsp;&nbsp; 5 | 4509 |
| 3.20%, 03/10/32 | &nbsp;&nbsp; 15 | 14129 |
| 3.91%, 01/13/28 | &nbsp;&nbsp; 5 | 5004 |
| 4.11%, 06/08/27 | &nbsp;&nbsp; 5 | 5016 |
| 4.46%, 06/08/32 | &nbsp;&nbsp; 20 | 20149 |
| 4.69%, 09/15/27 | &nbsp;&nbsp; 5 | 5065 |
| Truist Financial Corp. |  |  |
| 1.89%, 06/07/29, (1-day SOFR + 0.86%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4776 |
| 4.12%, 06/06/28, (1-day SOFR + 1.37%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5011 |
| 4.60%, 01/27/32, (1-day SOFR + 0.97%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10106 |
| 4.87%, 01/26/29, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10153 |
| 4.92%, 07/28/33, (1-day SOFR + 2.24%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5043 |
| 5.15%, 08/05/32, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10377 |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10588 |
| 5.87%, 06/08/34, (1-day SOFR + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10699 |
| U.S. Bancorp |  |  |
| 1.38%, 07/22/30 | &nbsp;&nbsp; 5 | 4471 |
| 4.55%, 07/22/28, (1-day SOFR + 1.66%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5042 |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20289 |
| 5.68%, 01/23/35, (1-day SOFR + 1.86%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 21250 |
| 5.78%, 06/12/29, (1-day SOFR + 2.02%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5195 |
| 5.84%, 06/12/34, (1-day SOFR + 2.26%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10717 |
| 5.85%, 10/21/33, (1-day SOFR + 2.09%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 16162 |
| UBS AG/Stamford CT, 7.50%, 02/15/28 | &nbsp;&nbsp; 225 | 240977 |
| Wachovia Corp., 5.50%, 08/01/35 | &nbsp;&nbsp; 6 | 6241 |
| Wells Fargo & Co. |  |  |
| 2.39%, 06/02/28, (1-day SOFR + 2.10%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49012 |
| 2.57%, 02/11/31, (3-mo. CME Term SOFR + <br> 1.26%)<sup>(b)</sup><br>| &nbsp;&nbsp; 10 | 9411 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.88%, 10/30/30, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(b)</sup><br>| &nbsp;&nbsp; $10 | $9567 |
| 3.07%, 04/30/41, (1-day SOFR + 2.53%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 27300 |
| 3.35%, 03/02/33, (1-day SOFR + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 28172 |
| 3.90%, 05/01/45 | &nbsp;&nbsp; 30 | 24523 |
| 4.08%, 09/15/29, (1-day SOFR + 0.88%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10003 |
| 4.65%, 11/04/44 | &nbsp;&nbsp; 25 | 21973 |
| 4.75%, 12/07/46 | &nbsp;&nbsp; 20 | 17689 |
| 4.81%, 07/25/28, (1-day SOFR + 1.98%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5053 |
| 4.90%, 07/25/33, (1-day SOFR + 2.10%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 30588 |
| 4.90%, 11/17/45 | &nbsp;&nbsp; 25 | 22515 |
| 5.01%, 04/04/51, (3-mo. CME Term SOFR + <br> 4.50%)<sup>(b)</sup><br>| &nbsp;&nbsp; 40 | 36572 |
| 5.15%, 04/23/31, (1-day SOFR + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10350 |
| 5.21%, 12/03/35, (1-day SOFR + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5129 |
| 5.38%, 11/02/43 | &nbsp;&nbsp; 15 | 14639 |
| 5.39%, 04/24/34, (1-day SOFR + 2.02%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31248 |
| 5.43%, 01/23/47, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9907 |
| 5.56%, 07/25/34, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 35 | 36810 |
| 5.57%, 07/25/29, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10349 |
| 5.61%, 01/15/44 | &nbsp;&nbsp; 12 | 11939 |
| 5.71%, 04/22/28, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50918 |
| 5.95%, 12/01/86 | &nbsp;&nbsp; 15 | 15891 |
| 6.49%, 10/23/34, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 27757 |
| Wells Fargo Bank NA, 5.85%, 02/01/37 | &nbsp;&nbsp; 20 | 21293 |
| Westpac Banking Corp. |  |  |
| 2.65%, 01/16/30 | &nbsp;&nbsp; 5 | 4786 |
| 2.67%, 11/15/35, (5-year CMT + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 22968 |
| 2.96%, 11/16/40 | &nbsp;&nbsp; 10 | 7787 |
| 3.13%, 11/18/41 | &nbsp;&nbsp; 10 | 7717 |
| 4.11%, 07/24/34, (5-year CMT + 2.00%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4957 |
| 4.42%, 07/24/39 | &nbsp;&nbsp; 20 | 18697 |
| 5.05%, 04/16/29 | &nbsp;&nbsp; 45 | 46740 |
|  |  | 9006293 |
| **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** |
| Anheuser-Busch InBev Finance, Inc. |  |  |
| 4.63%, 02/01/44 | &nbsp;&nbsp; 10 | 9205 |
| 4.70%, 02/01/36 | &nbsp;&nbsp; 10 | 10036 |
| 4.90%, 02/01/46 | &nbsp;&nbsp; 15 | 14027 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 5 | 4927 |
| 4.38%, 04/15/38 | &nbsp;&nbsp; 10 | 9620 |
| 4.44%, 10/06/48 | &nbsp;&nbsp; 25 | 21928 |
| 4.75%, 01/23/29 | &nbsp;&nbsp; 25 | 25593 |
| 4.75%, 04/15/58 | &nbsp;&nbsp; 5 | 4458 |
| 4.90%, 01/23/31 | &nbsp;&nbsp; 5 | 5207 |
| 4.95%, 01/15/42 | &nbsp;&nbsp; 15 | 14563 |
| 5.00%, 06/15/34 | &nbsp;&nbsp; 5 | 5202 |
| 5.45%, 01/23/39 | &nbsp;&nbsp; 15 | 15728 |
| 5.55%, 01/23/49 | &nbsp;&nbsp; 35 | 35216 |
| 5.80%, 01/23/59 | &nbsp;&nbsp; 10 | 10378 |
| Brown-Forman Corp., 4.75%, 04/15/33 | &nbsp;&nbsp; 5 | 5127 |
| Coca-Cola Co.(The) |  |  |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 10 | 8870 |
| 1.50%, 03/05/28 | &nbsp;&nbsp; 5 | 4805 |
| 2.25%, 01/05/32 | &nbsp;&nbsp; 5 | 4557 |
| 2.50%, 06/01/40 | &nbsp;&nbsp; 10 | 7588 |
| 2.50%, 03/15/51 | &nbsp;&nbsp; 30 | 18460 |
| 2.75%, 06/01/60 | &nbsp;&nbsp; 5 | 2990 |
| 2.88%, 05/05/41 | &nbsp;&nbsp; 5 | 3912 |
| 3.38%, 03/25/27 | &nbsp;&nbsp; 10 | 9986 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 3.45%, 03/25/30 | &nbsp;&nbsp; $5 | $4943 |
| 4.20%, 03/25/50 | &nbsp;&nbsp; 10 | 8590 |
| Constellation Brands, Inc. |  |  |
| 3.15%, 08/01/29 | &nbsp;&nbsp; 5 | 4861 |
| 3.75%, 05/01/50 | &nbsp;&nbsp; 20 | 15080 |
| 4.50%, 05/09/47 | &nbsp;&nbsp; 5 | 4298 |
| 4.75%, 05/09/32 | &nbsp;&nbsp; 5 | 5084 |
| Diageo Capital PLC, 2.00%, 04/29/30 | &nbsp;&nbsp; 140 | 128959 |
| Diageo Investment Corp., 7.45%, 04/15/35 | &nbsp;&nbsp; 5 | 6060 |
| Keurig Dr Pepper, Inc. |  |  |
| 3.20%, 05/01/30 | &nbsp;&nbsp; 25 | 23930 |
| 3.35%, 03/15/51 | &nbsp;&nbsp; 15 | 10173 |
| 3.80%, 05/01/50 | &nbsp;&nbsp; 5 | 3689 |
| 3.95%, 04/15/29 | &nbsp;&nbsp; 20 | 19874 |
| 4.05%, 04/15/32 | &nbsp;&nbsp; 10 | 9725 |
| Series 10, 5.20%, 03/15/31 | &nbsp;&nbsp; 5 | 5167 |
| Molson Coors Beverage Co., 4.20%, 07/15/46 | &nbsp;&nbsp; 25 | 20315 |
| PepsiCo, Inc. |  |  |
| 1.40%, 02/25/31 | &nbsp;&nbsp; 15 | 13337 |
| 1.95%, 10/21/31 | &nbsp;&nbsp; 10 | 8979 |
| 2.63%, 03/19/27 | &nbsp;&nbsp; 5 | 4944 |
| 2.63%, 07/29/29 | &nbsp;&nbsp; 5 | 4819 |
| 2.63%, 10/21/41 | &nbsp;&nbsp; 10 | 7441 |
| 2.75%, 03/19/30 | &nbsp;&nbsp; 25 | 23962 |
| 2.75%, 10/21/51 | &nbsp;&nbsp; 5 | 3220 |
| 2.88%, 10/15/49 | &nbsp;&nbsp; 15 | 10117 |
| 3.00%, 10/15/27 | &nbsp;&nbsp; 5 | 4958 |
| 3.38%, 07/29/49 | &nbsp;&nbsp; 8 | 5912 |
| 3.45%, 10/06/46 | &nbsp;&nbsp; 15 | 11658 |
| 3.60%, 02/18/28 | &nbsp;&nbsp; 5 | 5001 |
| 3.90%, 07/18/32 | &nbsp;&nbsp; 15 | 14885 |
| 4.00%, 05/02/47 | &nbsp;&nbsp; 5 | 4190 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 25 | 25398 |
| 4.88%, 11/01/40 | &nbsp;&nbsp; 10 | 9999 |
| 7.00%, 03/01/29 | &nbsp;&nbsp; 5 | 5462 |
|  |  | 687413 |
| **Biotechnology — 0.4%** | **Biotechnology — 0.4%** | **Biotechnology — 0.4%** |
| Amgen, Inc. |  |  |
| 2.45%, 02/21/30 | &nbsp;&nbsp; 25 | 23579 |
| 2.77%, 09/01/53 | &nbsp;&nbsp; 25 | 15238 |
| 2.80%, 08/15/41 | &nbsp;&nbsp; 20 | 14969 |
| 3.15%, 02/21/40 | &nbsp;&nbsp; 20 | 16065 |
| 3.20%, 11/02/27 | &nbsp;&nbsp; 30 | 29713 |
| 4.20%, 03/01/33 | &nbsp;&nbsp; 5 | 4936 |
| 4.20%, 02/22/52 | &nbsp;&nbsp; 5 | 4044 |
| 4.40%, 05/01/45 | &nbsp;&nbsp; 20 | 17467 |
| 4.56%, 06/15/48 | &nbsp;&nbsp; 25 | 21812 |
| 4.66%, 06/15/51 | &nbsp;&nbsp; 35 | 30592 |
| 4.88%, 03/01/53 | &nbsp;&nbsp; 5 | 4458 |
| 5.25%, 03/02/33 | &nbsp;&nbsp; 15 | 15699 |
| 5.60%, 03/02/43 | &nbsp;&nbsp; 30 | 30677 |
| 6.38%, 06/01/37 | &nbsp;&nbsp; 10 | 11251 |
| 6.40%, 02/01/39 | &nbsp;&nbsp; 5 | 5597 |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/30 | &nbsp;&nbsp; 15 | 13910 |
| 3.15%, 05/01/50 | &nbsp;&nbsp; 30 | 19739 |
| Gilead Sciences, Inc. |  |  |
| 1.20%, 10/01/27 | &nbsp;&nbsp; 25 | 24046 |
| 2.80%, 10/01/50 | &nbsp;&nbsp; 20 | 12837 |
| 2.95%, 03/01/27 | &nbsp;&nbsp; 20 | 19855 |
| 4.00%, 09/01/36 | &nbsp;&nbsp; 10 | 9427 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology (continued)** | **Biotechnology (continued)** | **Biotechnology (continued)** |
| 4.50%, 02/01/45 | &nbsp;&nbsp; $15 | $13400 |
| 4.60%, 09/01/35 | &nbsp;&nbsp; 25 | 24966 |
| 4.75%, 03/01/46 | &nbsp;&nbsp; 15 | 13733 |
| 4.80%, 04/01/44 | &nbsp;&nbsp; 15 | 14032 |
| 5.55%, 10/15/53 | &nbsp;&nbsp; 5 | 5029 |
| 5.65%, 12/01/41 | &nbsp;&nbsp; 10 | 10475 |
| Illumina, Inc. |  |  |
| 2.55%, 03/23/31 | &nbsp;&nbsp; 15 | 13761 |
| 5.75%, 12/13/27 | &nbsp;&nbsp; 10 | 10289 |
| Regeneron Pharmaceuticals, Inc. |  |  |
| 1.75%, 09/15/30 | &nbsp;&nbsp; 10 | 9014 |
| 2.80%, 09/15/50 | &nbsp;&nbsp; 15 | 9286 |
| Royalty Pharma PLC |  |  |
| 2.20%, 09/02/30 | &nbsp;&nbsp; 10 | 9175 |
| 3.35%, 09/02/51 | &nbsp;&nbsp; 10 | 6765 |
| 3.55%, 09/02/50 | &nbsp;&nbsp; 15 | 10612 |
|  |  | 496448 |
| **Building Materials — 0.3%** | **Building Materials — 0.3%** | **Building Materials — 0.3%** |
| Carlisle Companies, Inc. |  |  |
| 2.20%, 03/01/32 | &nbsp;&nbsp; 15 | 13255 |
| 2.75%, 03/01/30 | &nbsp;&nbsp; 5 | 4745 |
| 3.75%, 12/01/27 | &nbsp;&nbsp; 15 | 14952 |
| Carrier Global Corp. |  |  |
| 2.70%, 02/15/31 | &nbsp;&nbsp; 20 | 18718 |
| 2.72%, 02/15/30 | &nbsp;&nbsp; 20 | 19005 |
| 3.38%, 04/05/40 | &nbsp;&nbsp; 15 | 12283 |
| 3.58%, 04/05/50 | &nbsp;&nbsp; 25 | 18728 |
| 5.90%, 03/15/34 | &nbsp;&nbsp; 14 | 15131 |
| Eagle Materials, Inc. |  |  |
| 2.50%, 07/01/31 | &nbsp;&nbsp; 5 | 4578 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 25 | 24776 |
| Fortune Brands Innovations, Inc., 3.25%, 09/15/29 | &nbsp;&nbsp; 10 | 9687 |
| Johnson Controls International PLC, 4.50%, 02/15/47 | &nbsp;&nbsp; 10 | 8823 |
| Johnson Controls International PLC/Tyco Fire & <br> Security Finance SCA, 1.75%, 09/15/30<br>| &nbsp;&nbsp; 10 | 9046 |
| Lennox International, Inc., 1.70%, 08/01/27 | &nbsp;&nbsp; 5 | 4847 |
| Martin Marietta Materials, Inc. |  |  |
| 2.40%, 07/15/31 | &nbsp;&nbsp; 10 | 9102 |
| 3.20%, 07/15/51 | &nbsp;&nbsp; 10 | 6789 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 20 | 19893 |
| 3.50%, 12/15/27 | &nbsp;&nbsp; 25 | 24834 |
| Masco Corp., 2.00%, 10/01/30 | &nbsp;&nbsp; 5 | 4531 |
| Owens Corning |  |  |
| 3.88%, 06/01/30 | &nbsp;&nbsp; 5 | 4946 |
| 4.30%, 07/15/47 | &nbsp;&nbsp; 10 | 8290 |
| 7.00%, 12/01/36 | &nbsp;&nbsp; 25 | 28736 |
| Trane Technologies Financing Ltd. |  |  |
| 3.80%, 03/21/29 | &nbsp;&nbsp; 15 | 15005 |
| 4.50%, 03/21/49 | &nbsp;&nbsp; 5 | 4413 |
| Trane Technologies Holdco, Inc., 4.30%, 02/21/48 | &nbsp;&nbsp; 5 | 4341 |
| Vulcan Materials Co. |  |  |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 10 | 9775 |
| 3.90%, 04/01/27 | &nbsp;&nbsp; 10 | 9996 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 10 | 8710 |
| 4.70%, 03/01/48 | &nbsp;&nbsp; 5 | 4477 |
|  |  | 342412 |
| **Chemicals — 0.5%** | **Chemicals — 0.5%** | **Chemicals — 0.5%** |
| Air Products and Chemicals, Inc. |  |  |
| 1.85%, 05/15/27 | &nbsp;&nbsp; 150 | 146899 |
| 2.70%, 05/15/40 | &nbsp;&nbsp; 10 | 7653 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 2.80%, 05/15/50 | &nbsp;&nbsp; $20 | $13039 |
| 4.80%, 03/03/33 | &nbsp;&nbsp; 10 | 10295 |
| Albemarle Corp. |  |  |
| 4.65%, 06/01/27 | &nbsp;&nbsp; 25 | 25187 |
| 5.05%, 06/01/32 | &nbsp;&nbsp; 10 | 10196 |
| CF Industries, Inc., 5.15%, 03/15/34 | &nbsp;&nbsp; 10 | 10172 |
| Dow Chemical Co.(The) |  |  |
| 2.10%, 11/15/30 | &nbsp;&nbsp; 5 | 4457 |
| 4.25%, 10/01/34 | &nbsp;&nbsp; 5 | 4623 |
| 4.38%, 11/15/42 | &nbsp;&nbsp; 15 | 11862 |
| 5.15%, 02/15/34 | &nbsp;&nbsp; 15 | 14936 |
| 5.55%, 11/30/48 | &nbsp;&nbsp; 15 | 13130 |
| 6.30%, 03/15/33 | &nbsp;&nbsp; 10 | 10633 |
| 6.90%, 05/15/53<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5126 |
| DuPont de Nemours, Inc. |  |  |
| 5.32%, 11/15/38 | &nbsp;&nbsp; 18 | 18231 |
| 5.42%, 11/15/48 | &nbsp;&nbsp; 3 | 2864 |
| Eastman Chemical Co. |  |  |
| 4.65%, 10/15/44 | &nbsp;&nbsp; 10 | 8660 |
| 4.80%, 09/01/42 | &nbsp;&nbsp; 5 | 4541 |
| 5.00%, 08/01/29 | &nbsp;&nbsp; 5 | 5132 |
| Ecolab, Inc., 2.13%, 08/15/50 | &nbsp;&nbsp; 30 | 16896 |
| EIDP, Inc. |  |  |
| 2.30%, 07/15/30 | &nbsp;&nbsp; 20 | 18711 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 5 | 5059 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 5 | 5186 |
| Linde, Inc./CT, 2.00%, 08/10/50 | &nbsp;&nbsp; 20 | 10879 |
| LYB International Finance BV, 4.88%, 03/15/44 | &nbsp;&nbsp; 10 | 8380 |
| LYB International Finance III LLC |  |  |
| 2.25%, 10/01/30 | &nbsp;&nbsp; 20 | 18085 |
| 3.63%, 04/01/51 | &nbsp;&nbsp; 10 | 6535 |
| 3.80%, 10/01/60 | &nbsp;&nbsp; 10 | 6339 |
| 4.20%, 05/01/50 | &nbsp;&nbsp; 5 | 3606 |
| 5.50%, 03/01/34<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15106 |
| Mosaic Co.(The) |  |  |
| 5.38%, 11/15/28 | &nbsp;&nbsp; 20 | 20647 |
| 5.45%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10384 |
| Nutrien Ltd. |  |  |
| 3.95%, 05/13/50 | &nbsp;&nbsp; 5 | 3900 |
| 4.13%, 03/15/35 | &nbsp;&nbsp; 10 | 9416 |
| 4.20%, 04/01/29 | &nbsp;&nbsp; 30 | 30116 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 5 | 5089 |
| 5.40%, 06/21/34 | &nbsp;&nbsp; 15 | 15646 |
| PPG Industries, Inc., 3.75%, 03/15/28 | &nbsp;&nbsp; 30 | 29947 |
| RPM International, Inc. |  |  |
| 2.95%, 01/15/32 | &nbsp;&nbsp; 15 | 13794 |
| 3.75%, 03/15/27 | &nbsp;&nbsp; 10 | 9979 |
| Sherwin-Williams Co.(The) |  |  |
| 2.95%, 08/15/29 | &nbsp;&nbsp; 5 | 4831 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 75 | 74640 |
| 3.80%, 08/15/49 | &nbsp;&nbsp; 30 | 22853 |
| Westlake Corp., 5.00%, 08/15/46 | &nbsp;&nbsp; 15 | 13173 |
|  |  | 706833 |
| **Commercial Services — 0.5%** | **Commercial Services — 0.5%** | **Commercial Services — 0.5%** |
| Automatic Data Processing, Inc. |  |  |
| 1.25%, 09/01/30 | &nbsp;&nbsp; 5 | 4462 |
| 1.70%, 05/15/28 | &nbsp;&nbsp; 20 | 19159 |
| California Institute of Technology, 4.32%, 08/01/45 | &nbsp;&nbsp; 5 | 4468 |
| Case Western Reserve University, 5.41%, 06/01/2122 | &nbsp;&nbsp; 5 | 4713 |
| Cintas Corp. No. 2, 4.00%, 05/01/32 | &nbsp;&nbsp; 10 | 9902 |
| Duke University, Series 2020, 2.76%, 10/01/50 | &nbsp;&nbsp; 5 | 3318 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Emory University, Series 2020, 2.97%, 09/01/50 | &nbsp;&nbsp; $10 | $6845 |
| Equifax, Inc. |  |  |
| 2.35%, 09/15/31 | &nbsp;&nbsp; 10 | 8961 |
| 3.10%, 05/15/30 | &nbsp;&nbsp; 5 | 4768 |
| George Washington University (The), 4.87%, 09/15/45 | &nbsp;&nbsp; 15 | 14199 |
| Global Payments, Inc. |  |  |
| 2.90%, 05/15/30 | &nbsp;&nbsp; 5 | 4656 |
| 2.90%, 11/15/31 | &nbsp;&nbsp; 20 | 18014 |
| 3.20%, 08/15/29 | &nbsp;&nbsp; 50 | 47952 |
| 5.30%, 08/15/29 | &nbsp;&nbsp; 15 | 15418 |
| 5.40%, 08/15/32 | &nbsp;&nbsp; 10 | 10180 |
| 5.95%, 08/15/52<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4761 |
| Howard University, 5.21%, 10/01/52 | &nbsp;&nbsp; 5 | 4309 |
| Johns Hopkins University |  |  |
| Series 2013, 4.08%, 07/01/53 | &nbsp;&nbsp; 5 | 4165 |
| Series A, 2.81%, 01/01/60 | &nbsp;&nbsp; 5 | 3038 |
| Leland Stanford Junior University(The) |  |  |
| 1.29%, 06/01/27 | &nbsp;&nbsp; 30 | 29183 |
| 2.41%, 06/01/50 | &nbsp;&nbsp; 10 | 6230 |
| 3.65%, 05/01/48 | &nbsp;&nbsp; 5 | 4058 |
| Massachusetts Institute of Technology |  |  |
| 3.07%, 04/01/52 | &nbsp;&nbsp; 5 | 3501 |
| 3.96%, 07/01/38 | &nbsp;&nbsp; 5 | 4698 |
| 5.60%, 07/01/2111 | &nbsp;&nbsp; 5 | 5148 |
| Moody's Corp. |  |  |
| 2.00%, 08/19/31 | &nbsp;&nbsp; 5 | 4489 |
| 2.75%, 08/19/41 | &nbsp;&nbsp; 5 | 3678 |
| 3.75%, 02/25/52 | &nbsp;&nbsp; 5 | 3787 |
| 4.25%, 08/08/32 | &nbsp;&nbsp; 5 | 4986 |
| 4.88%, 12/17/48 | &nbsp;&nbsp; 5 | 4498 |
| 5.25%, 07/15/44 | &nbsp;&nbsp; 5 | 4904 |
| Northwestern University, 4.64%, 12/01/44 | &nbsp;&nbsp; 20 | 19317 |
| PayPal Holdings, Inc. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 15 | 14014 |
| 2.85%, 10/01/29 | &nbsp;&nbsp; 20 | 19286 |
| 3.25%, 06/01/50 | &nbsp;&nbsp; 10 | 6944 |
| 3.90%, 06/01/27 | &nbsp;&nbsp; 10 | 10011 |
| 5.05%, 06/01/52 | &nbsp;&nbsp; 10 | 8959 |
| 5.10%, 04/01/35 | &nbsp;&nbsp; 10 | 10086 |
| 5.25%, 06/01/62 | &nbsp;&nbsp; 10 | 9141 |
| President and Fellows of Harvard College, 3.15%, <br> 07/15/46<br>| &nbsp;&nbsp; 20 | 15105 |
| Quanta Services, Inc. |  |  |
| 2.35%, 01/15/32 | &nbsp;&nbsp; 10 | 8932 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 25 | 23633 |
| RELX Capital, Inc. |  |  |
| 3.00%, 05/22/30 | &nbsp;&nbsp; 10 | 9547 |
| 4.00%, 03/18/29 | &nbsp;&nbsp; 5 | 4995 |
| 4.75%, 03/27/30 | &nbsp;&nbsp; 5 | 5102 |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 5 | 5093 |
| Rockefeller Foundation (The), Series 2020, 2.49%, <br> 10/01/50<br>| &nbsp;&nbsp; 5 | 3124 |
| S&P Global, Inc. |  |  |
| 2.70%, 03/01/29 | &nbsp;&nbsp; 5 | 4833 |
| 2.90%, 03/01/32 | &nbsp;&nbsp; 15 | 13957 |
| 3.25%, 12/01/49 | &nbsp;&nbsp; 5 | 3543 |
| 3.70%, 03/01/52 | &nbsp;&nbsp; 15 | 11394 |
| 3.90%, 03/01/62 | &nbsp;&nbsp; 20 | 15089 |
| 4.25%, 05/01/29 | &nbsp;&nbsp; 10 | 10087 |
| 4.25%, 01/15/31<sup>(d)</sup> | &nbsp;&nbsp; 5 | 5017 |
| Thomas Jefferson University, 3.85%, 11/01/57 | &nbsp;&nbsp; 4 | 2975 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| TR Finance LLC |  |  |
| 5.50%, 08/15/35 | &nbsp;&nbsp; $4 | $4162 |
| 5.85%, 04/15/40 | &nbsp;&nbsp; 10 | 10212 |
| Trustees of Boston College, 3.13%, 07/01/52 | &nbsp;&nbsp; 15 | 10662 |
| Trustees of Princeton University(The) |  |  |
| 5.70%, 03/01/39 | &nbsp;&nbsp; 15 | 16410 |
| Series 2020, 2.52%, 07/01/50 | &nbsp;&nbsp; 10 | 6469 |
| Trustees of the University of Pennsylvania (The), <br> 4.67%, 09/01/2112<br>| &nbsp;&nbsp; 5 | 4225 |
| University of Chicago (The), Series C, 2.55%, 04/01/50 | &nbsp;&nbsp; 5 | 3326 |
| University of Miami, 4.06%, 04/01/52 | &nbsp;&nbsp; 10 | 8221 |
| University of Notre Dame du Lac |  |  |
| Series 2015, 3.44%, 02/15/45 | &nbsp;&nbsp; 5 | 3995 |
| Series 2017, 3.39%, 02/15/48 | &nbsp;&nbsp; 10 | 7730 |
| University of Southern California |  |  |
| 2.81%, 10/01/50 | &nbsp;&nbsp; 5 | 3301 |
| Series A, 3.23%, 10/01/2120 | &nbsp;&nbsp; 5 | 2987 |
| Verisk Analytics, Inc. |  |  |
| 3.63%, 05/15/50 | &nbsp;&nbsp; 5 | 3651 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 10 | 10029 |
| 5.50%, 06/15/45 | &nbsp;&nbsp; 5 | 4837 |
| Washington University (The), 3.52%, 04/15/54 | &nbsp;&nbsp; 5 | 3769 |
| William Marsh Rice University |  |  |
| 3.57%, 05/15/45 | &nbsp;&nbsp; 10 | 8221 |
| 3.77%, 05/15/55 | &nbsp;&nbsp; 5 | 3913 |
| Yale University, Series 2020, 2.40%, 04/15/50 | &nbsp;&nbsp; 15 | 9354 |
|  |  | 638106 |
| **Computers — 0.7%** | **Computers — 0.7%** | **Computers — 0.7%** |
| Amdocs Ltd., 2.54%, 06/15/30 | &nbsp;&nbsp; 10 | 9130 |
| Apple, Inc. |  |  |
| 1.65%, 05/11/30 | &nbsp;&nbsp; 5 | 4591 |
| 2.40%, 08/20/50 | &nbsp;&nbsp; 25 | 15024 |
| 2.55%, 08/20/60 | &nbsp;&nbsp; 30 | 16869 |
| 2.65%, 05/11/50 | &nbsp;&nbsp; 30 | 19069 |
| 2.95%, 09/11/49 | &nbsp;&nbsp; 25 | 17083 |
| 3.00%, 11/13/27 | &nbsp;&nbsp; 44 | 43657 |
| 3.25%, 08/08/29 | &nbsp;&nbsp; 10 | 9880 |
| 3.35%, 08/08/32 | &nbsp;&nbsp; 30 | 29072 |
| 3.45%, 02/09/45 | &nbsp;&nbsp; 15 | 11851 |
| 3.75%, 11/13/47 | &nbsp;&nbsp; 25 | 20067 |
| 3.85%, 05/04/43 | &nbsp;&nbsp; 35 | 30006 |
| 3.85%, 08/04/46 | &nbsp;&nbsp; 29 | 23887 |
| 4.30%, 05/10/33 | &nbsp;&nbsp; 5 | 5111 |
| 4.38%, 05/13/45 | &nbsp;&nbsp; 30 | 27097 |
| 4.50%, 02/23/36<sup>(a)</sup> | &nbsp;&nbsp; 35 | 35808 |
| 4.65%, 02/23/46 | &nbsp;&nbsp; 40 | 37256 |
| Booz Allen Hamilton, Inc., 5.95%, 04/15/35 | &nbsp;&nbsp; 5 | 5074 |
| CGI, Inc., 2.30%, 09/14/31 | &nbsp;&nbsp; 5 | 4449 |
| Dell International LLC/EMC Corp. |  |  |
| 3.45%, 12/15/51 | &nbsp;&nbsp; 4 | 2801 |
| 5.30%, 10/01/29 | &nbsp;&nbsp; 5 | 5184 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 15 | 15533 |
| 5.50%, 04/01/35 | &nbsp;&nbsp; 25 | 25959 |
| 6.10%, 07/15/27 | &nbsp;&nbsp; 5 | 5128 |
| 6.20%, 07/15/30 | &nbsp;&nbsp; 10 | 10735 |
| 8.10%, 07/15/36 | &nbsp;&nbsp; 20 | 24287 |
| DXC Technology Co., 2.38%, 09/15/28 | &nbsp;&nbsp; 15 | 14146 |
| Fortinet, Inc., 2.20%, 03/15/31 | &nbsp;&nbsp; 10 | 9061 |
| Hewlett Packard Enterprise Co. |  |  |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 15 | 14834 |
| 5.60%, 10/15/54 | &nbsp;&nbsp; 20 | 18403 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 6.20%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; $5 | $5418 |
| HP, Inc. |  |  |
| 2.65%, 06/17/31 | &nbsp;&nbsp; 10 | 9058 |
| 5.50%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15410 |
| 6.00%, 09/15/41<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10018 |
| International Business Machines Corp. |  |  |
| 1.95%, 05/15/30 | &nbsp;&nbsp; 100 | 91724 |
| 2.85%, 05/15/40 | &nbsp;&nbsp; 130 | 98496 |
| 3.50%, 05/15/29 | &nbsp;&nbsp; 100 | 98536 |
| Kyndryl Holdings, Inc. |  |  |
| 2.70%, 10/15/28 | &nbsp;&nbsp; 10 | 9206 |
| 3.15%, 10/15/31 | &nbsp;&nbsp; 5 | 4232 |
| Leidos, Inc., 2.30%, 02/15/31 | &nbsp;&nbsp; 15 | 13620 |
| NetApp, Inc. |  |  |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 5 | 4689 |
| 5.70%, 03/17/35 | &nbsp;&nbsp; 5 | 5210 |
| Teledyne FLIR LLC, 2.50%, 08/01/30 | &nbsp;&nbsp; 5 | 4685 |
|  |  | 881354 |
| **Cosmetics & Personal Care — 0.3%** | **Cosmetics & Personal Care — 0.3%** | **Cosmetics & Personal Care — 0.3%** |
| Colgate-Palmolive Co. |  |  |
| 3.10%, 08/15/27 | &nbsp;&nbsp; 15 | 14899 |
| 3.25%, 08/15/32 | &nbsp;&nbsp; 15 | 14362 |
| 3.70%, 08/01/47 | &nbsp;&nbsp; 10 | 8062 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 3.13%, 12/01/49 | &nbsp;&nbsp; 10 | 6825 |
| 4.15%, 03/15/47 | &nbsp;&nbsp; 5 | 4098 |
| 5.15%, 05/15/53 | &nbsp;&nbsp; 10 | 9353 |
| Kenvue, Inc. |  |  |
| 4.90%, 03/22/33 | &nbsp;&nbsp; 20 | 20642 |
| 5.05%, 03/22/28 | &nbsp;&nbsp; 20 | 20472 |
| 5.05%, 03/22/53<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9319 |
| 5.10%, 03/22/43 | &nbsp;&nbsp; 10 | 9816 |
| Procter & Gamble Co.(The) |  |  |
| 1.20%, 10/29/30 | &nbsp;&nbsp; 5 | 4447 |
| 2.80%, 03/25/27 | &nbsp;&nbsp; 30 | 29736 |
| 3.00%, 03/25/30 | &nbsp;&nbsp; 35 | 34016 |
| 3.60%, 03/25/50 | &nbsp;&nbsp; 15 | 11785 |
| 3.95%, 01/26/28 | &nbsp;&nbsp; 10 | 10083 |
| 4.55%, 10/24/34 | &nbsp;&nbsp; 5 | 5127 |
| 5.80%, 08/15/34 | &nbsp;&nbsp; 10 | 11067 |
| Unilever Capital Corp. |  |  |
| 3.50%, 03/22/28 | &nbsp;&nbsp; 110 | 109673 |
| 5.90%, 11/15/32 | &nbsp;&nbsp; 26 | 28715 |
|  |  | 362497 |
| **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** |
| LKQ Corp., 6.25%, 06/15/33 | &nbsp;&nbsp; 25 | 26498 |
| WW Grainger, Inc., 4.60%, 06/15/45 | &nbsp;&nbsp; 15 | 13853 |
|  |  | 40351 |
| **Diversified Financial Services — 0.9%** | **Diversified Financial Services — 0.9%** | **Diversified Financial Services — 0.9%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 150 | 140121 |
| 3.85%, 10/29/41 | &nbsp;&nbsp; 15 | 12476 |
| 3.88%, 01/23/28 | &nbsp;&nbsp; 15 | 14963 |
| Air Lease Corp. |  |  |
| 2.10%, 09/01/28 | &nbsp;&nbsp; 5 | 4748 |
| 2.88%, 01/15/32 | &nbsp;&nbsp; 25 | 22674 |
| 3.13%, 12/01/30 | &nbsp;&nbsp; 5 | 4695 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 8 | 7946 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| American Express Co. |  |  |
| 3.30%, 05/03/27 | &nbsp;&nbsp; $10 | $9947 |
| 4.05%, 12/03/42 | &nbsp;&nbsp; 15 | 13090 |
| 4.80%, 10/24/36, (1-day SOFR + 1.24%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4953 |
| 5.04%, 05/01/34, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10262 |
| 5.09%, 01/30/31, (1-day SOFR Index + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10334 |
| 5.28%, 07/26/35, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10368 |
| Ameriprise Financial, Inc., 5.15%, 05/15/33 | &nbsp;&nbsp; 25 | 25921 |
| Andrew W Mellon Foundation (The), Series 2020, <br> 0.95%, 08/01/27<br>| &nbsp;&nbsp; 5 | 4814 |
| Apollo Global Management, Inc., 6.00%, 12/15/54, <br> (5-year CMT + 2.17%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 4806 |
| Blue Owl Finance LLC, 4.13%, 10/07/51<sup>(a)</sup> | &nbsp;&nbsp; 5 | 3330 |
| Brookfield Asset Management Ltd., 6.08%, 09/15/55 | &nbsp;&nbsp; 25 | 25355 |
| Brookfield Finance LLC/Brookfield Finance, Inc., <br> 3.45%, 04/15/50<br>| &nbsp;&nbsp; 10 | 6767 |
| Brookfield Finance, Inc. |  |  |
| 2.72%, 04/15/31 | &nbsp;&nbsp; 15 | 13811 |
| 3.50%, 03/30/51 | &nbsp;&nbsp; 5 | 3430 |
| 4.35%, 04/15/30 | &nbsp;&nbsp; 5 | 5004 |
| 4.70%, 09/20/47 | &nbsp;&nbsp; 10 | 8581 |
| Capital One Financial Corp. |  |  |
| 3.65%, 05/11/27 | &nbsp;&nbsp; 10 | 9966 |
| 3.80%, 01/31/28 | &nbsp;&nbsp; 5 | 4984 |
| 5.82%, 02/01/34, (1-day SOFR + 2.60%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 5 | 5276 |
| 6.18%, 01/30/36, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15600 |
| 6.38%, 06/08/34, (1-day SOFR + 2.86%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10844 |
| 7.62%, 10/30/31, (1-day SOFR + 3.07%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 22594 |
| Cboe Global Markets, Inc. |  |  |
| 1.63%, 12/15/30 | &nbsp;&nbsp; 10 | 8940 |
| 3.00%, 03/16/32 | &nbsp;&nbsp; 15 | 14024 |
| Charles Schwab Corp.(The) |  |  |
| 1.65%, 03/11/31 | &nbsp;&nbsp; 15 | 13291 |
| 1.95%, 12/01/31 | &nbsp;&nbsp; 5 | 4430 |
| 2.30%, 05/13/31 | &nbsp;&nbsp; 10 | 9141 |
| 2.90%, 03/03/32 | &nbsp;&nbsp; 5 | 4620 |
| 3.25%, 05/22/29 | &nbsp;&nbsp; 5 | 4916 |
| CI Financial Corp., 3.20%, 12/17/30 | &nbsp;&nbsp; 5 | 4577 |
| CME Group, Inc. |  |  |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 20 | 18494 |
| 4.15%, 06/15/48 | &nbsp;&nbsp; 5 | 4288 |
| Franklin Resources, Inc., 1.60%, 10/30/30 | &nbsp;&nbsp; 20 | 17964 |
| Intercontinental Exchange, Inc. |  |  |
| 1.85%, 09/15/32 | &nbsp;&nbsp; 20 | 17225 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 10 | 9245 |
| 3.00%, 06/15/50 | &nbsp;&nbsp; 30 | 19797 |
| 4.35%, 06/15/29 | &nbsp;&nbsp; 5 | 5064 |
| 4.60%, 03/15/33 | &nbsp;&nbsp; 25 | 25354 |
| Invesco Finance PLC, 5.38%, 11/30/43 | &nbsp;&nbsp; 10 | 9829 |
| Jefferies Financial Group, Inc. |  |  |
| 2.63%, 10/15/31 | &nbsp;&nbsp; 10 | 8887 |
| 2.75%, 10/15/32 | &nbsp;&nbsp; 15 | 13131 |
| 4.15%, 01/23/30 | &nbsp;&nbsp; 10 | 9852 |
| 6.25%, 01/15/36 | &nbsp;&nbsp; 5 | 5227 |
| Lazard Group LLC, 4.38%, 03/11/29 | &nbsp;&nbsp; 5 | 5014 |
| Legg Mason, Inc., 5.63%, 01/15/44 | &nbsp;&nbsp; 10 | 9996 |
| Mastercard, Inc. |  |  |
| 2.95%, 06/01/29 | &nbsp;&nbsp; 5 | 4870 |
| 3.30%, 03/26/27 | &nbsp;&nbsp; 20 | 19928 |
| 3.35%, 03/26/30 | &nbsp;&nbsp; 20 | 19650 |
| 3.50%, 02/26/28 | &nbsp;&nbsp; 15 | 14989 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 3.65%, 06/01/49 | &nbsp;&nbsp; $5 | $3851 |
| 3.95%, 02/26/48 | &nbsp;&nbsp; 20 | 16274 |
| 4.88%, 03/09/28 | &nbsp;&nbsp; 5 | 5112 |
| Nasdaq, Inc. |  |  |
| 1.65%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 25 | 22315 |
| 5.55%, 02/15/34 | &nbsp;&nbsp; 9 | 9483 |
| Nomura Holdings, Inc., 5.78%, 07/03/34 | &nbsp;&nbsp; 200 | 212513 |
| Radian Group, Inc., 4.88%, 03/15/27 | &nbsp;&nbsp; 10 | 10029 |
| Raymond James Financial, Inc. |  |  |
| 3.75%, 04/01/51 | &nbsp;&nbsp; 5 | 3700 |
| 4.65%, 04/01/30 | &nbsp;&nbsp; 10 | 10229 |
| 4.95%, 07/15/46 | &nbsp;&nbsp; 5 | 4603 |
| Stifel Financial Corp., 4.00%, 05/15/30 | &nbsp;&nbsp; 10 | 9847 |
| Synchrony Financial |  |  |
| 2.88%, 10/28/31 | &nbsp;&nbsp; 5 | 4487 |
| 3.95%, 12/01/27 | &nbsp;&nbsp; 5 | 4978 |
| 6.00%, 07/29/36, (1-day SOFR + 2.07%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25473 |
| Visa, Inc. |  |  |
| 1.10%, 02/15/31 | &nbsp;&nbsp; 5 | 4397 |
| 1.90%, 04/15/27 | &nbsp;&nbsp; 45 | 44133 |
| 2.75%, 09/15/27 | &nbsp;&nbsp; 40 | 39487 |
| 4.15%, 12/14/35 | &nbsp;&nbsp; 50 | 48952 |
| Voya Financial, Inc. |  |  |
| 4.70%, 01/23/48, (3-mo. SOFR US + 2.34%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9620 |
| 5.70%, 07/15/43 | &nbsp;&nbsp; 5 | 4894 |
|  |  | 1234780 |
| **Electric — 2.8%** | **Electric — 2.8%** | **Electric — 2.8%** |
| AEP Texas, Inc. |  |  |
| 3.45%, 05/15/51 | &nbsp;&nbsp; 10 | 6893 |
| 3.80%, 10/01/47 | &nbsp;&nbsp; 5 | 3735 |
| 3.95%, 06/01/28 | &nbsp;&nbsp; 25 | 24977 |
| 5.25%, 05/15/52 | &nbsp;&nbsp; 10 | 9219 |
| Series G, 4.15%, 05/01/49 | &nbsp;&nbsp; 10 | 7842 |
| Series H, 3.45%, 01/15/50 | &nbsp;&nbsp; 20 | 13991 |
| Series I, 2.10%, 07/01/30 | &nbsp;&nbsp; 5 | 4613 |
| AEP Transmission Co. LLC |  |  |
| 4.50%, 06/15/52 | &nbsp;&nbsp; 10 | 8576 |
| 5.40%, 03/15/53 | &nbsp;&nbsp; 20 | 19506 |
| AES Corp. (The), 2.45%, 01/15/31 | &nbsp;&nbsp; 5 | 4634 |
| Alabama Power Co., 3.00%, 03/15/52 | &nbsp;&nbsp; 10 | 6574 |
| Ameren Corp. |  |  |
| 1.75%, 03/15/28 | &nbsp;&nbsp; 5 | 4783 |
| 5.38%, 03/15/35 | &nbsp;&nbsp; 25 | 25818 |
| Ameren Illinois Co. |  |  |
| 2.90%, 06/15/51 | &nbsp;&nbsp; 10 | 6488 |
| 3.25%, 03/15/50 | &nbsp;&nbsp; 15 | 10465 |
| 3.85%, 09/01/32 | &nbsp;&nbsp; 10 | 9747 |
| American Electric Power Co., Inc. |  |  |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 15 | 13993 |
| 3.25%, 03/01/50 | &nbsp;&nbsp; 15 | 10256 |
| 5.63%, 03/01/33 | &nbsp;&nbsp; 5 | 5301 |
| 6.95%, 12/15/54, (5-year CMT + 2.68%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 16214 |
| Appalachian Power Co., Series AA, 2.70%, 04/01/31 | &nbsp;&nbsp; 10 | 9266 |
| Arizona Public Service Co. |  |  |
| 2.20%, 12/15/31 | &nbsp;&nbsp; 5 | 4450 |
| 2.65%, 09/15/50 | &nbsp;&nbsp; 10 | 6053 |
| 3.35%, 05/15/50 | &nbsp;&nbsp; 10 | 6929 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 10 | 7794 |
| 5.55%, 08/01/33 | &nbsp;&nbsp; 5 | 5252 |
| Avangrid, Inc., 3.80%, 06/01/29 | &nbsp;&nbsp; 15 | 14884 |
| Avista Corp., 4.35%, 06/01/48 | &nbsp;&nbsp; 5 | 4203 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Baltimore Gas and Electric Co., 3.75%, 08/15/47 | &nbsp;&nbsp; $15 | $11666 |
| Berkshire Hathaway Energy Co. |  |  |
| 2.85%, 05/15/51 | &nbsp;&nbsp; 20 | 12588 |
| 3.70%, 07/15/30 | &nbsp;&nbsp; 20 | 19802 |
| 3.80%, 07/15/48 | &nbsp;&nbsp; 10 | 7710 |
| 4.45%, 01/15/49 | &nbsp;&nbsp; 10 | 8434 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 20 | 17494 |
| Black Hills Corp. |  |  |
| 2.50%, 06/15/30 | &nbsp;&nbsp; 10 | 9310 |
| 4.20%, 09/15/46 | &nbsp;&nbsp; 5 | 4081 |
| 5.95%, 03/15/28 | &nbsp;&nbsp; 20 | 20738 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 5 | 5133 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 5 | 5116 |
| 5.30%, 04/01/53 | &nbsp;&nbsp; 10 | 9702 |
| Series AD, 2.90%, 07/01/50 | &nbsp;&nbsp; 5 | 3278 |
| Series AF, 3.35%, 04/01/51 | &nbsp;&nbsp; 25 | 17801 |
| Series ai., 4.45%, 10/01/32 | &nbsp;&nbsp; 20 | 20156 |
| CenterPoint Energy, Inc., 2.95%, 03/01/30 | &nbsp;&nbsp; 14 | 13416 |
| CMS Energy Corp. |  |  |
| 3.45%, 08/15/27 | &nbsp;&nbsp; 15 | 14894 |
| 4.75%, 06/01/50, (5-year CMT + 4.12%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4947 |
| 6.50%, 06/01/55, (5-year CMT + 1.96%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10421 |
| Commonwealth Edison Co. |  |  |
| 3.65%, 06/15/46 | &nbsp;&nbsp; 5 | 3893 |
| 3.70%, 08/15/28 | &nbsp;&nbsp; 5 | 4993 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 5 | 4058 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 10 | 8033 |
| 4.70%, 01/15/44 | &nbsp;&nbsp; 10 | 9145 |
| 5.30%, 02/01/53 | &nbsp;&nbsp; 10 | 9585 |
| Series 133, 3.85%, 03/15/52 | &nbsp;&nbsp; 5 | 3805 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 10 | 8122 |
| 4.90%, 07/01/33 | &nbsp;&nbsp; 10 | 10218 |
| Series A, 4.15%, 06/01/45 | &nbsp;&nbsp; 5 | 4248 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 3.60%, 06/15/61 | &nbsp;&nbsp; 10 | 6963 |
| 3.85%, 06/15/46 | &nbsp;&nbsp; 5 | 3982 |
| 3.95%, 03/01/43 | &nbsp;&nbsp; 5 | 4216 |
| 4.45%, 03/15/44 | &nbsp;&nbsp; 15 | 13256 |
| 4.50%, 12/01/45 | &nbsp;&nbsp; 5 | 4399 |
| 4.50%, 05/15/58 | &nbsp;&nbsp; 15 | 12426 |
| 4.63%, 12/01/54 | &nbsp;&nbsp; 10 | 8577 |
| 6.15%, 11/15/52 | &nbsp;&nbsp; 10 | 10647 |
| Series 20B, 3.95%, 04/01/50 | &nbsp;&nbsp; 10 | 7925 |
| Series B, 3.13%, 11/15/27 | &nbsp;&nbsp; 5 | 4953 |
| Series C, 3.00%, 12/01/60 | &nbsp;&nbsp; 40 | 23867 |
| Constellation Energy Generation LLC |  |  |
| 5.00%, 02/01/31<sup>(d)</sup> | &nbsp;&nbsp; 10 | 10152 |
| 5.60%, 06/15/42 | &nbsp;&nbsp; 12 | 12188 |
| 5.80%, 03/01/33 | &nbsp;&nbsp; 10 | 10727 |
| 6.13%, 01/15/34 | &nbsp;&nbsp; 5 | 5468 |
| 6.25%, 10/01/39 | &nbsp;&nbsp; 10 | 10956 |
| 6.50%, 10/01/53 | &nbsp;&nbsp; 15 | 16503 |
| Consumers Energy Co. |  |  |
| 3.10%, 08/15/50 | &nbsp;&nbsp; 10 | 6874 |
| 3.25%, 08/15/46 | &nbsp;&nbsp; 5 | 3683 |
| 3.50%, 08/01/51 | &nbsp;&nbsp; 5 | 3692 |
| 3.60%, 08/15/32 | &nbsp;&nbsp; 10 | 9631 |
| 3.95%, 05/15/43 | &nbsp;&nbsp; 10 | 8456 |
| 4.05%, 05/15/48 | &nbsp;&nbsp; 5 | 4066 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Dayton Power & Light Co. (The), 3.95%, 06/15/49 | &nbsp;&nbsp; $3 | $2313 |
| Dominion Energy South Carolina, Inc. |  |  |
| 6.25%, 10/15/53 | &nbsp;&nbsp; 5 | 5444 |
| Series A, 2.30%, 12/01/31 | &nbsp;&nbsp; 5 | 4531 |
| Dominion Energy, Inc. |  |  |
| 4.70%, 12/01/44 | &nbsp;&nbsp; 5 | 4455 |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 10 | 10331 |
| 6.20%, 02/15/56, (5-year CMT + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20329 |
| 6.63%, 05/15/55, (5-year CMT + 2.21%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 20776 |
| Series A, 4.60%, 03/15/49 | &nbsp;&nbsp; 5 | 4221 |
| Series C, 3.38%, 04/01/30 | &nbsp;&nbsp; 25 | 24327 |
| Series C, 4.90%, 08/01/41 | &nbsp;&nbsp; 10 | 9338 |
| DTE Electric Co. |  |  |
| 2.25%, 03/01/30 | &nbsp;&nbsp; 5 | 4691 |
| 5.40%, 04/01/53 | &nbsp;&nbsp; 5 | 4919 |
| Series A, 4.00%, 04/01/43 | &nbsp;&nbsp; 10 | 8502 |
| DTE Energy Co. |  |  |
| 4.88%, 06/01/28 | &nbsp;&nbsp; 5 | 5097 |
| 5.05%, 10/01/35 | &nbsp;&nbsp; 25 | 25217 |
| 5.85%, 06/01/34 | &nbsp;&nbsp; 20 | 21506 |
| Series C, 3.40%, 06/15/29 | &nbsp;&nbsp; 15 | 14701 |
| Duke Energy Carolinas LLC |  |  |
| 2.85%, 03/15/32 | &nbsp;&nbsp; 10 | 9260 |
| 3.55%, 03/15/52 | &nbsp;&nbsp; 15 | 11009 |
| 3.95%, 03/15/48 | &nbsp;&nbsp; 5 | 4010 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 10 | 10365 |
| 5.35%, 01/15/53 | &nbsp;&nbsp; 20 | 19444 |
| Duke Energy Corp. |  |  |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 5 | 4601 |
| 3.30%, 06/15/41 | &nbsp;&nbsp; 25 | 19485 |
| 3.50%, 06/15/51 | &nbsp;&nbsp; 10 | 6973 |
| 3.75%, 09/01/46 | &nbsp;&nbsp; 20 | 15341 |
| 4.20%, 06/15/49 | &nbsp;&nbsp; 15 | 11924 |
| 4.30%, 03/15/28 | &nbsp;&nbsp; 5 | 5039 |
| 4.50%, 08/15/32 | &nbsp;&nbsp; 5 | 5040 |
| 4.80%, 12/15/45 | &nbsp;&nbsp; 10 | 8898 |
| 4.95%, 09/15/35 | &nbsp;&nbsp; 10 | 10023 |
| 6.45%, 09/01/54, (5-year CMT + 2.59%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31609 |
| Duke Energy Florida LLC, 3.80%, 07/15/28 | &nbsp;&nbsp; 29 | 29031 |
| Duke Energy Indiana LLC |  |  |
| 2.75%, 04/01/50 | &nbsp;&nbsp; 15 | 9500 |
| 6.35%, 08/15/38 | &nbsp;&nbsp; 5 | 5596 |
| Series YYY, 3.25%, 10/01/49 | &nbsp;&nbsp; 20 | 14052 |
| Duke Energy Ohio, Inc., 5.65%, 04/01/53 | &nbsp;&nbsp; 15 | 15099 |
| Duke Energy Progress LLC |  |  |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 20 | 19774 |
| 3.70%, 10/15/46 | &nbsp;&nbsp; 10 | 7804 |
| 4.15%, 12/01/44 | &nbsp;&nbsp; 8 | 6819 |
| 4.20%, 08/15/45 | &nbsp;&nbsp; 25 | 21172 |
| Edison International |  |  |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 5 | 4974 |
| 5.25%, 11/15/28 | &nbsp;&nbsp; 10 | 10189 |
| El Paso Electric Co., 6.00%, 05/15/35 | &nbsp;&nbsp; 5 | 5289 |
| Emera U.S. Finance LP, 4.75%, 06/15/46 | &nbsp;&nbsp; 10 | 8641 |
| Enel Chile SA, 4.88%, 06/12/28 | &nbsp;&nbsp; 10 | 10155 |
| Entergy Arkansas LLC |  |  |
| 3.35%, 06/15/52 | &nbsp;&nbsp; 15 | 10399 |
| 4.20%, 04/01/49 | &nbsp;&nbsp; 5 | 4086 |
| Entergy Corp. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 5 | 4777 |
| 2.40%, 06/15/31 | &nbsp;&nbsp; 5 | 4538 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 2.80%, 06/15/30 | &nbsp;&nbsp; $15 | $14178 |
| 3.75%, 06/15/50 | &nbsp;&nbsp; 5 | 3694 |
| 7.13%, 12/01/54, (5-year CMT + 2.67%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15700 |
| Entergy Louisiana LLC |  |  |
| 3.10%, 06/15/41 | &nbsp;&nbsp; 5 | 3867 |
| 3.25%, 04/01/28 | &nbsp;&nbsp; 10 | 9905 |
| 4.20%, 09/01/48 | &nbsp;&nbsp; 15 | 12249 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 10 | 8088 |
| 4.95%, 01/15/45 | &nbsp;&nbsp; 5 | 4662 |
| 5.15%, 09/15/34 | &nbsp;&nbsp; 25 | 25831 |
| 5.80%, 03/15/55 | &nbsp;&nbsp; 5 | 5079 |
| Evergy Kansas Central, Inc. |  |  |
| 3.10%, 04/01/27 | &nbsp;&nbsp; 30 | 29771 |
| 3.25%, 09/01/49 | &nbsp;&nbsp; 15 | 10423 |
| 4.25%, 12/01/45 | &nbsp;&nbsp; 5 | 4235 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 5 | 5409 |
| Evergy Metro, Inc. |  |  |
| 4.20%, 06/15/47 | &nbsp;&nbsp; 10 | 8298 |
| Series 2020, 2.25%, 06/01/30 | &nbsp;&nbsp; 19 | 17708 |
| Eversource Energy |  |  |
| 3.38%, 03/01/32 | &nbsp;&nbsp; 10 | 9374 |
| 3.45%, 01/15/50 | &nbsp;&nbsp; 10 | 7110 |
| 5.13%, 05/15/33 | &nbsp;&nbsp; 15 | 15327 |
| Series R, 1.65%, 08/15/30 | &nbsp;&nbsp; 5 | 4467 |
| Exelon Corp. |  |  |
| 2.75%, 03/15/27 | &nbsp;&nbsp; 25 | 24706 |
| 4.05%, 04/15/30 | &nbsp;&nbsp; 25 | 24929 |
| 4.10%, 03/15/52 | &nbsp;&nbsp; 10 | 7809 |
| 4.45%, 04/15/46 | &nbsp;&nbsp; 10 | 8487 |
| 4.70%, 04/15/50 | &nbsp;&nbsp; 15 | 12930 |
| 4.95%, 06/15/35 | &nbsp;&nbsp; 5 | 5008 |
| 5.10%, 06/15/45 | &nbsp;&nbsp; 10 | 9319 |
| 5.15%, 03/15/28 | &nbsp;&nbsp; 20 | 20462 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 25 | 26253 |
| 5.60%, 03/15/53 | &nbsp;&nbsp; 5 | 4862 |
| 5.63%, 06/15/35 | &nbsp;&nbsp; 5 | 5275 |
| 6.50%, 03/15/55, (5-year CMT + 1.98%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15726 |
| FirstEnergy Corp., 2.65%, 03/01/30 | &nbsp;&nbsp; 25 | 23616 |
| FirstEnergy Transmission LLC, 5.00%, 01/15/35 | &nbsp;&nbsp; 25 | 25329 |
| Florida Power & Light Co. |  |  |
| 2.45%, 02/03/32 | &nbsp;&nbsp; 10 | 9129 |
| 2.88%, 12/04/51 | &nbsp;&nbsp; 5 | 3242 |
| 3.15%, 10/01/49 | &nbsp;&nbsp; 5 | 3510 |
| 3.70%, 12/01/47 | &nbsp;&nbsp; 20 | 15554 |
| 3.95%, 03/01/48 | &nbsp;&nbsp; 10 | 8095 |
| 4.40%, 05/15/28 | &nbsp;&nbsp; 5 | 5064 |
| 5.30%, 04/01/53 | &nbsp;&nbsp; 20 | 19516 |
| 5.69%, 03/01/40 | &nbsp;&nbsp; 10 | 10558 |
| 5.95%, 02/01/38 | &nbsp;&nbsp; 5 | 5494 |
| Georgia Power Co. |  |  |
| 5.13%, 05/15/52 | &nbsp;&nbsp; 5 | 4720 |
| Series 10-C, 4.75%, 09/01/40 | &nbsp;&nbsp; 5 | 4819 |
| Series A, 3.25%, 03/15/51 | &nbsp;&nbsp; 15 | 10449 |
| Series B, 3.70%, 01/30/50 | &nbsp;&nbsp; 5 | 3808 |
| Iberdrola International BV, 6.75%, 07/15/36 | &nbsp;&nbsp; 15 | 17405 |
| Indiana Michigan Power Co., 6.05%, 03/15/37 | &nbsp;&nbsp; 10 | 10977 |
| Interstate Power and Light Co. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 5 | 4665 |
| 3.10%, 11/30/51 | &nbsp;&nbsp; 10 | 6606 |
| 4.10%, 09/26/28 | &nbsp;&nbsp; 5 | 5018 |
| 6.25%, 07/15/39 | &nbsp;&nbsp; 10 | 10940 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| IPALCO Enterprises, Inc., 4.25%, 05/01/30 | &nbsp;&nbsp; $5 | $4947 |
| ITC Holdings Corp., 3.35%, 11/15/27 | &nbsp;&nbsp; 15 | 14846 |
| Kentucky Utilities Co., 5.13%, 11/01/40 | &nbsp;&nbsp; 5 | 4966 |
| MidAmerican Energy Co. |  |  |
| 5.35%, 01/15/34 | &nbsp;&nbsp; 5 | 5260 |
| 5.85%, 09/15/54 | &nbsp;&nbsp; 25 | 26062 |
| 6.75%, 12/30/31 | &nbsp;&nbsp; 5 | 5671 |
| Mississippi Power Co., Series B, 3.10%, 07/30/51 | &nbsp;&nbsp; 5 | 3389 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| 3.05%, 04/25/27 | &nbsp;&nbsp; 20 | 19841 |
| 3.70%, 03/15/29 | &nbsp;&nbsp; 20 | 19889 |
| 4.15%, 12/15/32 | &nbsp;&nbsp; 20 | 19759 |
| 4.30%, 03/15/49 | &nbsp;&nbsp; 10 | 8541 |
| 4.40%, 11/01/48 | &nbsp;&nbsp; 5 | 4309 |
| 5.05%, 09/15/28 | &nbsp;&nbsp; 5 | 5133 |
| 5.80%, 01/15/33 | &nbsp;&nbsp; 15 | 16232 |
| Nevada Power Co., Series CC, 3.70%, 05/01/29 | &nbsp;&nbsp; 5 | 4964 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 25 | 23930 |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 15 | 13910 |
| 2.75%, 11/01/29 | &nbsp;&nbsp; 10 | 9586 |
| 3.50%, 04/01/29 | &nbsp;&nbsp; 20 | 19722 |
| 3.80%, 03/15/82, (5-year CMT + 2.55%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4931 |
| 4.63%, 07/15/27 | &nbsp;&nbsp; 35 | 35328 |
| 4.80%, 12/01/77, (3-mo. SOFR US + 2.67%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 4958 |
| 4.90%, 02/28/28 | &nbsp;&nbsp; 20 | 20358 |
| 5.00%, 02/28/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10346 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 15 | 15485 |
| 5.05%, 02/28/33 | &nbsp;&nbsp; 5 | 5161 |
| 5.25%, 03/15/34 | &nbsp;&nbsp; 5 | 5177 |
| 5.25%, 02/28/53 | &nbsp;&nbsp; 10 | 9343 |
| 5.65%, 05/01/79<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50614 |
| 6.50%, 08/15/55, (5-year CMT + 1.98%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 21212 |
| 6.75%, 06/15/54, (5-year CMT + 2.46%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5320 |
| Northern States Power Co. |  |  |
| 2.90%, 03/01/50 | &nbsp;&nbsp; 15 | 10042 |
| 3.60%, 09/15/47 | &nbsp;&nbsp; 10 | 7721 |
| 5.10%, 05/15/53 | &nbsp;&nbsp; 10 | 9391 |
| NorthWestern Corp., 4.18%, 11/15/44 | &nbsp;&nbsp; 20 | 16931 |
| NSTAR Electric Co. |  |  |
| 1.95%, 08/15/31 | &nbsp;&nbsp; 25 | 22284 |
| 4.40%, 03/01/44 | &nbsp;&nbsp; 5 | 4401 |
| 4.85%, 03/01/30 | &nbsp;&nbsp; 5 | 5147 |
| Oglethorpe Power Corp. |  |  |
| 4.50%, 04/01/47 | &nbsp;&nbsp; 5 | 4242 |
| 5.25%, 09/01/50 | &nbsp;&nbsp; 7 | 6478 |
| 5.38%, 11/01/40 | &nbsp;&nbsp; 10 | 10096 |
| Ohio Power Co., 5.00%, 06/01/33 | &nbsp;&nbsp; 5 | 5106 |
| Oklahoma Gas and Electric Co. |  |  |
| 3.25%, 04/01/30 | &nbsp;&nbsp; 5 | 4857 |
| 3.80%, 08/15/28 | &nbsp;&nbsp; 5 | 4997 |
| 4.15%, 04/01/47 | &nbsp;&nbsp; 10 | 8299 |
| Oncor Electric Delivery Co. LLC |  |  |
| 2.70%, 11/15/51 | &nbsp;&nbsp; 5 | 3048 |
| 3.75%, 04/01/45 | &nbsp;&nbsp; 5 | 4003 |
| 3.80%, 09/30/47 | &nbsp;&nbsp; 10 | 7835 |
| 4.55%, 09/15/32 | &nbsp;&nbsp; 5 | 5050 |
| 4.55%, 12/01/41 | &nbsp;&nbsp; 9 | 8211 |
| 4.60%, 06/01/52 | &nbsp;&nbsp; 10 | 8540 |
| 5.75%, 03/15/29 | &nbsp;&nbsp; 20 | 20987 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Pacific Gas and Electric Co. |  |  |
| 2.50%, 02/01/31 | &nbsp;&nbsp; $20 | $18287 |
| 3.25%, 06/01/31 | &nbsp;&nbsp; 25 | 23554 |
| 3.30%, 12/01/27 | &nbsp;&nbsp; 20 | 19752 |
| 3.50%, 08/01/50 | &nbsp;&nbsp; 25 | 17188 |
| 3.75%, 07/01/28 | &nbsp;&nbsp; 5 | 4966 |
| 4.30%, 03/15/45 | &nbsp;&nbsp; 10 | 8099 |
| 4.45%, 04/15/42 | &nbsp;&nbsp; 10 | 8552 |
| 4.50%, 07/01/40 | &nbsp;&nbsp; 25 | 22229 |
| 4.55%, 07/01/30 | &nbsp;&nbsp; 14 | 14064 |
| 4.95%, 07/01/50 | &nbsp;&nbsp; 20 | 17262 |
| 5.70%, 03/01/35 | &nbsp;&nbsp; 10 | 10425 |
| 5.80%, 05/15/34 | &nbsp;&nbsp; 25 | 26323 |
| 6.70%, 04/01/53 | &nbsp;&nbsp; 15 | 16172 |
| PacifiCorp |  |  |
| 2.90%, 06/15/52 | &nbsp;&nbsp; 25 | 14956 |
| 3.30%, 03/15/51 | &nbsp;&nbsp; 10 | 6576 |
| 3.50%, 06/15/29 | &nbsp;&nbsp; 15 | 14700 |
| 4.13%, 01/15/49 | &nbsp;&nbsp; 5 | 3843 |
| 4.15%, 02/15/50 | &nbsp;&nbsp; 15 | 11401 |
| 5.35%, 12/01/53 | &nbsp;&nbsp; 10 | 8966 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 10 | 10268 |
| 5.50%, 05/15/54 | &nbsp;&nbsp; 40 | 36585 |
| PPL Capital Funding, Inc. |  |  |
| 4.13%, 04/15/30 | &nbsp;&nbsp; 5 | 5003 |
| 5.25%, 09/01/34 | &nbsp;&nbsp; 15 | 15488 |
| PPL Electric Utilities Corp., 5.00%, 05/15/33 | &nbsp;&nbsp; 5 | 5160 |
| Progress Energy, Inc., 7.75%, 03/01/31 | &nbsp;&nbsp; 5 | 5762 |
| Public Service Co. of Colorado |  |  |
| 4.10%, 06/01/32 | &nbsp;&nbsp; 5 | 4967 |
| 5.25%, 04/01/53 | &nbsp;&nbsp; 5 | 4708 |
| 5.35%, 05/15/34 | &nbsp;&nbsp; 10 | 10412 |
| Series 17, 6.25%, 09/01/37 | &nbsp;&nbsp; 15 | 16550 |
| Public Service Electric and Gas Co. |  |  |
| 3.10%, 03/15/32 | &nbsp;&nbsp; 10 | 9402 |
| 3.60%, 12/01/47 | &nbsp;&nbsp; 10 | 7591 |
| 3.70%, 05/01/28 | &nbsp;&nbsp; 5 | 4988 |
| 4.05%, 05/01/48 | &nbsp;&nbsp; 15 | 12223 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 10 | 10451 |
| 5.45%, 08/01/53 | &nbsp;&nbsp; 15 | 14793 |
| 5.50%, 03/01/40 | &nbsp;&nbsp; 5 | 5181 |
| Public Service Enterprise Group, Inc. |  |  |
| 1.60%, 08/15/30 | &nbsp;&nbsp; 5 | 4481 |
| 6.13%, 10/15/33 | &nbsp;&nbsp; 15 | 16271 |
| Puget Energy, Inc. |  |  |
| 2.38%, 06/15/28 | &nbsp;&nbsp; 15 | 14445 |
| 4.10%, 06/15/30 | &nbsp;&nbsp; 10 | 9873 |
| Puget Sound Energy, Inc. |  |  |
| 3.25%, 09/15/49 | &nbsp;&nbsp; 2 | 1399 |
| 5.45%, 06/01/53 | &nbsp;&nbsp; 25 | 24483 |
| San Diego Gas & Electric Co., Series WWW, 2.95%, <br> 08/15/51<br>| &nbsp;&nbsp; 25 | 16353 |
| Sempra |  |  |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 15 | 14866 |
| 3.80%, 02/01/38 | &nbsp;&nbsp; 90 | 78609 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 25 | 19382 |
| Sierra Pacific Power Co., 6.20%, 12/15/55, (5-year <br> CMT + 2.55%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 4973 |
| Southern California Edison Co. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 5 | 4598 |
| 3.65%, 02/01/50 | &nbsp;&nbsp; 15 | 10721 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.00%, 04/01/47 | &nbsp;&nbsp; $10 | $7705 |
| 4.65%, 10/01/43 | &nbsp;&nbsp; 10 | 8678 |
| 5.20%, 06/01/34 | &nbsp;&nbsp; 20 | 20317 |
| 5.45%, 06/01/31 | &nbsp;&nbsp; 20 | 20919 |
| 5.45%, 03/01/35 | &nbsp;&nbsp; 15 | 15421 |
| 5.70%, 03/01/53 | &nbsp;&nbsp; 5 | 4766 |
| 5.88%, 12/01/53 | &nbsp;&nbsp; 5 | 4911 |
| 6.65%, 04/01/29 | &nbsp;&nbsp; 25 | 26469 |
| Series 04-G, 5.75%, 04/01/35 | &nbsp;&nbsp; 10 | 10445 |
| Series B, 4.88%, 03/01/49 | &nbsp;&nbsp; 5 | 4306 |
| Series E, 5.45%, 06/01/52 | &nbsp;&nbsp; 5 | 4616 |
| Series H, 3.65%, 06/01/51 | &nbsp;&nbsp; 5 | 3512 |
| Southern Co.(The) |  |  |
| 4.25%, 07/01/36 | &nbsp;&nbsp; 5 | 4733 |
| 4.40%, 07/01/46 | &nbsp;&nbsp; 16 | 13681 |
| 4.85%, 06/15/28 | &nbsp;&nbsp; 5 | 5101 |
| 4.85%, 03/15/35 | &nbsp;&nbsp; 5 | 4990 |
| 5.11%, 08/01/27 | &nbsp;&nbsp; 20 | 20324 |
| 5.70%, 03/15/34 | &nbsp;&nbsp; 25 | 26567 |
| Series 2025, 6.38%, 03/15/55, (5-year CMT + <br> 2.07%)<sup>(b)</sup><br>| &nbsp;&nbsp; 20 | 20940 |
| Series A, 3.70%, 04/30/30 | &nbsp;&nbsp; 15 | 14769 |
| Southwestern Electric Power Co. |  |  |
| 3.25%, 11/01/51 | &nbsp;&nbsp; 5 | 3337 |
| Series L, 3.85%, 02/01/48 | &nbsp;&nbsp; 15 | 11443 |
| Series M, 4.10%, 09/15/28 | &nbsp;&nbsp; 5 | 5008 |
| Southwestern Public Service Co., 4.50%, 08/15/41 | &nbsp;&nbsp; 10 | 8996 |
| System Energy Resources, Inc., 5.30%, 12/15/34 | &nbsp;&nbsp; 25 | 25515 |
| Tampa Electric Co. |  |  |
| 2.40%, 03/15/31 | &nbsp;&nbsp; 5 | 4597 |
| 4.10%, 06/15/42 | &nbsp;&nbsp; 5 | 4327 |
| 4.30%, 06/15/48 | &nbsp;&nbsp; 5 | 4220 |
| 5.00%, 07/15/52 | &nbsp;&nbsp; 5 | 4624 |
| Tucson Electric Power Co. |  |  |
| 3.25%, 05/15/32 | &nbsp;&nbsp; 5 | 4687 |
| 4.00%, 06/15/50 | &nbsp;&nbsp; 10 | 7870 |
| Union Electric Co. |  |  |
| 2.63%, 03/15/51 | &nbsp;&nbsp; 10 | 6142 |
| 2.95%, 06/15/27 | &nbsp;&nbsp; 5 | 4954 |
| 3.90%, 04/01/52 | &nbsp;&nbsp; 5 | 3897 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 5 | 4939 |
| Virginia Electric and Power Co. |  |  |
| 2.45%, 12/15/50 | &nbsp;&nbsp; 9 | 5212 |
| 2.95%, 11/15/51 | &nbsp;&nbsp; 15 | 9525 |
| 4.00%, 01/15/43 | &nbsp;&nbsp; 15 | 12489 |
| 4.60%, 12/01/48 | &nbsp;&nbsp; 15 | 12932 |
| 5.45%, 04/01/53 | &nbsp;&nbsp; 5 | 4805 |
| 8.88%, 11/15/38 | &nbsp;&nbsp; 5 | 6701 |
| Series B, 3.75%, 05/15/27 | &nbsp;&nbsp; 5 | 4995 |
| Series B, 3.80%, 09/15/47 | &nbsp;&nbsp; 5 | 3882 |
| Series C, 4.00%, 11/15/46 | &nbsp;&nbsp; 10 | 8060 |
| Series C, 4.63%, 05/15/52 | &nbsp;&nbsp; 5 | 4261 |
| WEC Energy Group, Inc., 1.38%, 10/15/27 | &nbsp;&nbsp; 35 | 33623 |
| Wisconsin Power and Light Co., 3.00%, 07/01/29 | &nbsp;&nbsp; 15 | 14594 |
| Wisconsin Public Service Corp. |  |  |
| 2.85%, 12/01/51 | &nbsp;&nbsp; 10 | 6438 |
| 3.30%, 09/01/49 | &nbsp;&nbsp; 10 | 7070 |
| 3.67%, 12/01/42 | &nbsp;&nbsp; 5 | 4093 |
| Xcel Energy, Inc. |  |  |
| 2.60%, 12/01/29 | &nbsp;&nbsp; 15 | 14228 |
| 3.40%, 06/01/30 | &nbsp;&nbsp; 10 | 9708 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.50%, 12/01/49 | &nbsp;&nbsp; $10 | $7288 |
| 4.00%, 06/15/28 | &nbsp;&nbsp; 20 | 20033 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 25 | 26077 |
| 5.60%, 04/15/35 | &nbsp;&nbsp; 25 | 26115 |
|  |  | 3758131 |
| **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
| Emerson Electric Co. |  |  |
| 1.95%, 10/15/30 | &nbsp;&nbsp; 15 | 13740 |
| 2.00%, 12/21/28 | &nbsp;&nbsp; 35 | 33427 |
| 2.80%, 12/21/51 | &nbsp;&nbsp; 10 | 6460 |
| 5.25%, 11/15/39 | &nbsp;&nbsp; 10 | 10415 |
|  |  | 64042 |
| **Electronics — 0.2%** | **Electronics — 0.2%** | **Electronics — 0.2%** |
| Allegion U.S. Holding Co., Inc., 5.41%, 07/01/32 | &nbsp;&nbsp; 5 | 5223 |
| Amphenol Corp., 2.20%, 09/15/31 | &nbsp;&nbsp; 20 | 18132 |
| Arrow Electronics, Inc. |  |  |
| 2.95%, 02/15/32 | &nbsp;&nbsp; 5 | 4527 |
| 3.88%, 01/12/28 | &nbsp;&nbsp; 5 | 4974 |
| Flex Ltd., 4.88%, 06/15/29 | &nbsp;&nbsp; 10 | 10184 |
| Honeywell International, Inc. |  |  |
| 1.10%, 03/01/27 | &nbsp;&nbsp; 10 | 9739 |
| 1.75%, 09/01/31 | &nbsp;&nbsp; 5 | 4425 |
| 2.70%, 08/15/29 | &nbsp;&nbsp; 5 | 4815 |
| 2.80%, 06/01/50 | &nbsp;&nbsp; 5 | 3377 |
| 3.81%, 11/21/47 | &nbsp;&nbsp; 15 | 11966 |
| 4.95%, 02/15/28 | &nbsp;&nbsp; 45 | 45992 |
| 5.70%, 03/15/36 | &nbsp;&nbsp; 35 | 37814 |
| Hubbell, Inc. |  |  |
| 2.30%, 03/15/31 | &nbsp;&nbsp; 10 | 9232 |
| 3.15%, 08/15/27 | &nbsp;&nbsp; 5 | 4944 |
| Jabil, Inc. |  |  |
| 3.00%, 01/15/31 | &nbsp;&nbsp; 5 | 4688 |
| 4.25%, 05/15/27 | &nbsp;&nbsp; 5 | 5017 |
| Keysight Technologies, Inc. |  |  |
| 3.00%, 10/30/29 | &nbsp;&nbsp; 10 | 9658 |
| 4.60%, 04/06/27 | &nbsp;&nbsp; 15 | 15080 |
| TD SYNNEX Corp., 2.38%, 08/09/28 | &nbsp;&nbsp; 10 | 9578 |
| Trimble, Inc., 4.90%, 06/15/28 | &nbsp;&nbsp; 10 | 10103 |
| Tyco Electronics Group SA, 7.13%, 10/01/37 | &nbsp;&nbsp; 10 | 11945 |
| Vontier Corp. |  |  |
| 2.40%, 04/01/28 | &nbsp;&nbsp; 10 | 9657 |
| 2.95%, 04/01/31 | &nbsp;&nbsp; 5 | 4643 |
|  |  | 255713 |
| **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** |
| Jacobs Engineering Group, Inc., 5.90%, 03/01/33 | &nbsp;&nbsp; 5 | 5270 |
| **Environmental Control — 0.2%** | **Environmental Control — 0.2%** | **Environmental Control — 0.2%** |
| Nature Conservancy (The), Series A, 3.96%, 03/01/52 | &nbsp;&nbsp; 5 | 4078 |
| Republic Services, Inc. |  |  |
| 1.45%, 02/15/31 | &nbsp;&nbsp; 20 | 17642 |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 5 | 4690 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 15 | 10337 |
| 4.88%, 04/01/29 | &nbsp;&nbsp; 25 | 25687 |
| 5.00%, 12/15/33 | &nbsp;&nbsp; 10 | 10412 |
| 5.00%, 04/01/34 | &nbsp;&nbsp; 5 | 5180 |
| Waste Connections, Inc. |  |  |
| 2.95%, 01/15/52 | &nbsp;&nbsp; 20 | 13205 |
| 3.20%, 06/01/32 | &nbsp;&nbsp; 20 | 18879 |
| 4.20%, 01/15/33 | &nbsp;&nbsp; 5 | 4940 |
| 4.25%, 12/01/28 | &nbsp;&nbsp; 20 | 20179 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| Waste Management, Inc. |  |  |
| 1.50%, 03/15/31 | &nbsp;&nbsp; $10 | $8858 |
| 2.00%, 06/01/29 | &nbsp;&nbsp; 5 | 4719 |
| 2.50%, 11/15/50 | &nbsp;&nbsp; 15 | 9284 |
| 2.95%, 06/01/41 | &nbsp;&nbsp; 5 | 3884 |
| 4.15%, 07/15/49 | &nbsp;&nbsp; 10 | 8522 |
| 4.63%, 02/15/30 | &nbsp;&nbsp; 15 | 15356 |
| 4.65%, 03/15/30 | &nbsp;&nbsp; 10 | 10259 |
| 4.88%, 02/15/34 | &nbsp;&nbsp; 20 | 20704 |
|  |  | 216815 |
| **Food — 0.6%** | **Food — 0.6%** | **Food — 0.6%** |
| Ahold Finance USA LLC, 6.88%, 05/01/29 | &nbsp;&nbsp; 15 | 16274 |
| Campbell's Co. (The), 4.55%, 03/21/31 | &nbsp;&nbsp; 5 | 5002 |
| Campbell's Company/The |  |  |
| 2.38%, 04/24/30 | &nbsp;&nbsp; 10 | 9260 |
| 3.13%, 04/24/50 | &nbsp;&nbsp; 5 | 3286 |
| 4.75%, 03/23/35 | &nbsp;&nbsp; 5 | 4854 |
| Conagra Brands, Inc. |  |  |
| 1.38%, 11/01/27 | &nbsp;&nbsp; 15 | 14357 |
| 4.85%, 11/01/28 | &nbsp;&nbsp; 10 | 10140 |
| 5.40%, 11/01/48 | &nbsp;&nbsp; 10 | 8961 |
| Flowers Foods, Inc., 2.40%, 03/15/31 | &nbsp;&nbsp; 5 | 4392 |
| General Mills, Inc. |  |  |
| 2.25%, 10/14/31 | &nbsp;&nbsp; 5 | 4484 |
| 3.00%, 02/01/51 | &nbsp;&nbsp; 20 | 13073 |
| 4.95%, 03/29/33 | &nbsp;&nbsp; 15 | 15327 |
| Hershey Co. (The), 3.13%, 11/15/49 | &nbsp;&nbsp; 15 | 10642 |
| Hormel Foods Corp. |  |  |
| 1.70%, 06/03/28 | &nbsp;&nbsp; 10 | 9552 |
| 1.80%, 06/11/30 | &nbsp;&nbsp; 5 | 4563 |
| 3.05%, 06/03/51 | &nbsp;&nbsp; 5 | 3352 |
| Ingredion, Inc., 2.90%, 06/01/30 | &nbsp;&nbsp; 10 | 9546 |
| J M Smucker Co.(The) |  |  |
| 2.13%, 03/15/32 | &nbsp;&nbsp; 10 | 8782 |
| 2.38%, 03/15/30 | &nbsp;&nbsp; 5 | 4683 |
| 4.25%, 03/15/35 | &nbsp;&nbsp; 10 | 9579 |
| 6.20%, 11/15/33 | &nbsp;&nbsp; 5 | 5480 |
| 6.50%, 11/15/53<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10991 |
| JBS USA Holding Lux Sarl/JBS USA Foods Group <br> Holdings, Inc./JBS USA Food Co.<br>|  |  |
| 3.00%, 05/15/32 | &nbsp;&nbsp; 30 | 27309 |
| 3.75%, 12/01/31 | &nbsp;&nbsp; 10 | 9554 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 45 | 47293 |
| 6.50%, 12/01/52 | &nbsp;&nbsp; 20 | 21101 |
| 6.75%, 03/15/34 | &nbsp;&nbsp; 8 | 8911 |
| Kellanova |  |  |
| 2.10%, 06/01/30 | &nbsp;&nbsp; 10 | 9267 |
| 3.40%, 11/15/27 | &nbsp;&nbsp; 40 | 39773 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 20 | 20184 |
| Series B, 7.45%, 04/01/31 | &nbsp;&nbsp; 10 | 11520 |
| Kraft Heinz Foods Co. |  |  |
| 3.75%, 04/01/30 | &nbsp;&nbsp; 5 | 4924 |
| 3.88%, 05/15/27 | &nbsp;&nbsp; 5 | 4991 |
| 4.25%, 03/01/31 | &nbsp;&nbsp; 10 | 9989 |
| 4.38%, 06/01/46 | &nbsp;&nbsp; 20 | 16409 |
| 4.63%, 01/30/29 | &nbsp;&nbsp; 15 | 15246 |
| 4.88%, 10/01/49 | &nbsp;&nbsp; 15 | 12930 |
| 5.20%, 07/15/45 | &nbsp;&nbsp; 10 | 9153 |
| 5.50%, 06/01/50 | &nbsp;&nbsp; 5 | 4665 |
| Kroger Co.(The) |  |  |
| 1.70%, 01/15/31 | &nbsp;&nbsp; 10 | 8902 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 3.88%, 10/15/46 | &nbsp;&nbsp; $10 | $7899 |
| 3.95%, 01/15/50 | &nbsp;&nbsp; 10 | 7757 |
| 4.45%, 02/01/47 | &nbsp;&nbsp; 15 | 12814 |
| 4.50%, 01/15/29 | &nbsp;&nbsp; 20 | 20337 |
| 5.00%, 09/15/34 | &nbsp;&nbsp; 15 | 15241 |
| 5.15%, 08/01/43 | &nbsp;&nbsp; 5 | 4832 |
| 7.50%, 04/01/31 | &nbsp;&nbsp; 5 | 5742 |
| McCormick & Co., Inc./MD |  |  |
| 3.40%, 08/15/27 | &nbsp;&nbsp; 5 | 4976 |
| 4.20%, 08/15/47 | &nbsp;&nbsp; 10 | 8330 |
| 4.70%, 10/15/34 | &nbsp;&nbsp; 5 | 4996 |
| 4.95%, 04/15/33 | &nbsp;&nbsp; 5 | 5126 |
| Mondelez International, Inc. |  |  |
| 1.88%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp; 15 | 13028 |
| 2.63%, 03/17/27 | &nbsp;&nbsp; 15 | 14814 |
| 2.63%, 09/04/50 | &nbsp;&nbsp; 15 | 9153 |
| 2.75%, 04/13/30 | &nbsp;&nbsp; 5 | 4741 |
| 3.00%, 03/17/32 | &nbsp;&nbsp; 10 | 9277 |
| Pilgrim's Pride Corp. |  |  |
| 3.50%, 03/01/32 | &nbsp;&nbsp; 10 | 9331 |
| 4.25%, 04/15/31 | &nbsp;&nbsp; 5 | 4903 |
| 6.25%, 07/01/33 | &nbsp;&nbsp; 5 | 5386 |
| 6.88%, 05/15/34 | &nbsp;&nbsp; 5 | 5603 |
| Sysco Corp. |  |  |
| 3.30%, 02/15/50 | &nbsp;&nbsp; 15 | 10644 |
| 4.85%, 10/01/45 | &nbsp;&nbsp; 15 | 13680 |
| 6.00%, 01/17/34 | &nbsp;&nbsp; 5 | 5451 |
| 6.60%, 04/01/40 | &nbsp;&nbsp; 10 | 11312 |
| 6.60%, 04/01/50 | &nbsp;&nbsp; 5 | 5598 |
| Tyson Foods, Inc. |  |  |
| 3.55%, 06/02/27 | &nbsp;&nbsp; 15 | 14930 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 5 | 5043 |
| 4.88%, 08/15/34 | &nbsp;&nbsp; 15 | 15181 |
| 5.10%, 09/28/48 | &nbsp;&nbsp; 20 | 18830 |
|  |  | 743656 |
| **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** | **Forest Products & Paper — 0.0%** |
| International Paper Co. |  |  |
| 4.35%, 08/15/48 | &nbsp;&nbsp; 10 | 8196 |
| 4.40%, 08/15/47 | &nbsp;&nbsp; 10 | 8318 |
| 5.00%, 09/15/35 | &nbsp;&nbsp; 5 | 5047 |
| Suzano Austria GmbH |  |  |
| 2.50%, 09/15/28 | &nbsp;&nbsp; 20 | 19142 |
| 3.13%, 01/15/32 | &nbsp;&nbsp; 5 | 4537 |
| 3.75%, 01/15/31 | &nbsp;&nbsp; 15 | 14305 |
|  |  | 59545 |
| **Gas — 0.4%** | **Gas — 0.4%** | **Gas — 0.4%** |
| Atmos Energy Corp. |  |  |
| 1.50%, 01/15/31 | &nbsp;&nbsp; 10 | 8899 |
| 2.85%, 02/15/52 | &nbsp;&nbsp; 5 | 3216 |
| 3.00%, 06/15/27 | &nbsp;&nbsp; 140 | 138871 |
| 4.13%, 03/15/49 | &nbsp;&nbsp; 14 | 11517 |
| CenterPoint Energy Resources Corp. |  |  |
| 1.75%, 10/01/30 | &nbsp;&nbsp; 5 | 4508 |
| 5.25%, 03/01/28 | &nbsp;&nbsp; 5 | 5132 |
| NiSource, Inc. |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 30 | 26596 |
| 2.95%, 09/01/29 | &nbsp;&nbsp; 5 | 4829 |
| 3.49%, 05/15/27 | &nbsp;&nbsp; 20 | 19897 |
| 3.95%, 03/30/48 | &nbsp;&nbsp; 5 | 3941 |
| 5.00%, 06/15/52 | &nbsp;&nbsp; 15 | 13302 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| 5.65%, 02/01/45 | &nbsp;&nbsp; $5 | $5040 |
| ONE Gas, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 10 | 9228 |
| 4.66%, 02/01/44 | &nbsp;&nbsp; 5 | 4570 |
| Piedmont Natural Gas Co., Inc. |  |  |
| 3.35%, 06/01/50 | &nbsp;&nbsp; 10 | 6954 |
| 4.65%, 08/01/43 | &nbsp;&nbsp; 5 | 4511 |
| 5.05%, 05/15/52 | &nbsp;&nbsp; 5 | 4562 |
| Southern California Gas Co. |  |  |
| 5.05%, 09/01/34 | &nbsp;&nbsp; 5 | 5139 |
| Series XX, 2.55%, 02/01/30 | &nbsp;&nbsp; 50 | 47442 |
| Southern Co. Gas Capital Corp. |  |  |
| 4.40%, 05/30/47 | &nbsp;&nbsp; 5 | 4261 |
| 5.88%, 03/15/41 | &nbsp;&nbsp; 15 | 15763 |
| Series 2020-A, 1.75%, 01/15/31 | &nbsp;&nbsp; 30 | 26834 |
| Series 21A, 3.15%, 09/30/51 | &nbsp;&nbsp; 5 | 3313 |
| Southwest Gas Corp. |  |  |
| 2.20%, 06/15/30 | &nbsp;&nbsp; 5 | 4617 |
| 4.05%, 03/15/32 | &nbsp;&nbsp; 10 | 9788 |
| 4.15%, 06/01/49 | &nbsp;&nbsp; 10 | 7985 |
| 5.45%, 03/23/28 | &nbsp;&nbsp; 35 | 35961 |
| 5.80%, 12/01/27 | &nbsp;&nbsp; 20 | 20589 |
| Spire Missouri, Inc., 3.30%, 06/01/51 | &nbsp;&nbsp; 10 | 6977 |
| Washington Gas Light Co. |  |  |
| 3.65%, 09/15/49 | &nbsp;&nbsp; 5 | 3725 |
| Series K, 3.80%, 09/15/46 | &nbsp;&nbsp; 5 | 3985 |
|  |  | 471952 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Snap-on, Inc., 3.10%, 05/01/50 | &nbsp;&nbsp; 10 | 6899 |
| Stanley Black & Decker, Inc. |  |  |
| 2.30%, 03/15/30 | &nbsp;&nbsp; 11 | 10200 |
| 2.75%, 11/15/50 | &nbsp;&nbsp; 15 | 9069 |
| 4.25%, 11/15/28 | &nbsp;&nbsp; 5 | 5021 |
| 6.00%, 03/06/28 | &nbsp;&nbsp; 20 | 20748 |
|  |  | 51937 |
| **Health Care - Products — 0.3%** | **Health Care - Products — 0.3%** | **Health Care - Products — 0.3%** |
| Abbott Laboratories |  |  |
| 4.75%, 11/30/36 | &nbsp;&nbsp; 10 | 10083 |
| 4.75%, 04/15/43 | &nbsp;&nbsp; 5 | 4756 |
| 4.90%, 11/30/46 | &nbsp;&nbsp; 5 | 4739 |
| 5.30%, 05/27/40 | &nbsp;&nbsp; 25 | 26004 |
| Agilent Technologies, Inc. |  |  |
| 2.10%, 06/04/30 | &nbsp;&nbsp; 10 | 9220 |
| 2.30%, 03/12/31 | &nbsp;&nbsp; 10 | 9135 |
| Baxter International, Inc. |  |  |
| 1.73%, 04/01/31 | &nbsp;&nbsp; 15 | 12929 |
| 2.54%, 02/01/32 | &nbsp;&nbsp; 5 | 4366 |
| 3.13%, 12/01/51 | &nbsp;&nbsp; 20 | 12455 |
| 3.95%, 04/01/30 | &nbsp;&nbsp; 5 | 4889 |
| Boston Scientific Corp. |  |  |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 15 | 14191 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 5 | 5020 |
| 4.70%, 03/01/49<sup>(a)</sup> | &nbsp;&nbsp; 17 | 15621 |
| Danaher Corp., 2.80%, 12/10/51 | &nbsp;&nbsp; 15 | 9582 |
| DH Europe Finance II SARL |  |  |
| 2.60%, 11/15/29 | &nbsp;&nbsp; 15 | 14303 |
| 3.25%, 11/15/39 | &nbsp;&nbsp; 5 | 4133 |
| 3.40%, 11/15/49 | &nbsp;&nbsp; 15 | 10902 |
| Koninklijke Philips NV |  |  |
| 5.00%, 03/15/42 | &nbsp;&nbsp; 5 | 4745 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| 6.88%, 03/11/38 | &nbsp;&nbsp; $10 | $11401 |
| Medtronic Global Holdings SCA, 4.50%, 03/30/33 | &nbsp;&nbsp; 5 | 5047 |
| Medtronic, Inc., 4.38%, 03/15/35 | &nbsp;&nbsp; 20 | 19781 |
| Revvity, Inc. |  |  |
| 1.90%, 09/15/28 | &nbsp;&nbsp; 10 | 9470 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 5 | 4574 |
| 3.30%, 09/15/29 | &nbsp;&nbsp; 10 | 9697 |
| Smith & Nephew PLC, 5.40%, 03/20/34 | &nbsp;&nbsp; 5 | 5204 |
| Solventum Corp. |  |  |
| 5.40%, 03/01/29 | &nbsp;&nbsp; 10 | 10373 |
| 5.60%, 03/23/34 | &nbsp;&nbsp; 20 | 20895 |
| 5.90%, 04/30/54 | &nbsp;&nbsp; 10 | 9998 |
| Stryker Corp. |  |  |
| 2.90%, 06/15/50 | &nbsp;&nbsp; 10 | 6636 |
| 4.10%, 04/01/43 | &nbsp;&nbsp; 10 | 8630 |
| 4.38%, 05/15/44 | &nbsp;&nbsp; 5 | 4410 |
| 4.63%, 03/15/46 | &nbsp;&nbsp; 10 | 9031 |
| Thermo Fisher Scientific, Inc. |  |  |
| 2.00%, 10/15/31 | &nbsp;&nbsp; 5 | 4493 |
| 2.60%, 10/01/29 | &nbsp;&nbsp; 22 | 21064 |
| 2.80%, 10/15/41 | &nbsp;&nbsp; 10 | 7506 |
| 4.10%, 08/15/47 | &nbsp;&nbsp; 15 | 12669 |
| 4.80%, 11/21/27 | &nbsp;&nbsp; 5 | 5085 |
| 4.98%, 08/10/30 | &nbsp;&nbsp; 5 | 5194 |
| 5.40%, 08/10/43 | &nbsp;&nbsp; 5 | 5104 |
|  |  | 373335 |
| **Health Care - Services — 1.3%** | **Health Care - Services — 1.3%** | **Health Care - Services — 1.3%** |
| AdventHealth Obligated Group, Series E, 2.80%, <br> 11/15/51<br>| &nbsp;&nbsp; 5 | 3207 |
| Adventist Health System/West |  |  |
| 3.63%, 03/01/49 | &nbsp;&nbsp; 5 | 3515 |
| 5.76%, 12/01/34 | &nbsp;&nbsp; 5 | 5274 |
| Advocate Health & Hospitals Corp., 4.27%, 08/15/48 | &nbsp;&nbsp; 10 | 8631 |
| Aetna, Inc. |  |  |
| 4.50%, 05/15/42 | &nbsp;&nbsp; 10 | 8725 |
| 6.63%, 06/15/36 | &nbsp;&nbsp; 15 | 16704 |
| 6.75%, 12/15/37 | &nbsp;&nbsp; 10 | 11153 |
| AHS Hospital Corp., Series 2021, 2.78%, 07/01/51 | &nbsp;&nbsp; 5 | 3225 |
| Allina Health System, Series 2019, 3.89%, 04/15/49 | &nbsp;&nbsp; 5 | 3926 |
| Ascension Health |  |  |
| 4.85%, 11/15/53 | &nbsp;&nbsp; 5 | 4628 |
| Series B, 3.11%, 11/15/39 | &nbsp;&nbsp; 15 | 12249 |
| Banner Health |  |  |
| 1.90%, 01/01/31 | &nbsp;&nbsp; 5 | 4535 |
| 2.91%, 01/01/51 | &nbsp;&nbsp; 15 | 10075 |
| Baptist Healthcare System Obligated Group, Series <br> 20B, 3.54%, 08/15/50<br>| &nbsp;&nbsp; 5 | 3727 |
| Baylor Scott & White Holdings |  |  |
| 3.97%, 11/15/46 | &nbsp;&nbsp; 10 | 8385 |
| 4.19%, 11/15/45 | &nbsp;&nbsp; 5 | 4361 |
| Series 2021, 2.84%, 11/15/50 | &nbsp;&nbsp; 5 | 3289 |
| Centene Corp. |  |  |
| 2.45%, 07/15/28 | &nbsp;&nbsp; 20 | 18860 |
| 2.50%, 03/01/31 | &nbsp;&nbsp; 5 | 4338 |
| 2.63%, 08/01/31 | &nbsp;&nbsp; 10 | 8672 |
| 3.00%, 10/15/30 | &nbsp;&nbsp; 20 | 18022 |
| 4.25%, 12/15/27 | &nbsp;&nbsp; 10 | 9939 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 25 | 24388 |
| Children's Health System of Texas, 2.51%, 08/15/50 | &nbsp;&nbsp; 5 | 3074 |
| Children's Hospital Medical Center/Cincinnati OH, <br> 4.27%, 05/15/44<br>| &nbsp;&nbsp; 5 | 4471 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Children's Hospital of Philadelphia (The), Series 2020, <br> 2.70%, 07/01/50<br>| &nbsp;&nbsp; $10 | $6462 |
| Cigna Group(The) |  |  |
| 3.40%, 03/01/27 | &nbsp;&nbsp; 5 | 4977 |
| 3.40%, 03/15/50 | &nbsp;&nbsp; 15 | 10629 |
| 4.38%, 10/15/28 | &nbsp;&nbsp; 40 | 40395 |
| 4.80%, 08/15/38 | &nbsp;&nbsp; 25 | 24207 |
| 4.80%, 07/15/46 | &nbsp;&nbsp; 25 | 22428 |
| 5.25%, 02/15/34 | &nbsp;&nbsp; 25 | 25901 |
| 5.25%, 01/15/36 | &nbsp;&nbsp; 25 | 25666 |
| City of Hope, Series 2018, 4.38%, 08/15/48 | &nbsp;&nbsp; 5 | 4248 |
| Corewell Health Obligated Group, Series 19A, 3.49%, <br> 07/15/49<br>| &nbsp;&nbsp; 5 | 3743 |
| Dignity Health, 5.27%, 11/01/64 | &nbsp;&nbsp; 5 | 4664 |
| Duke University Health System, Inc., Series 2017, <br> 3.92%, 06/01/47<br>| &nbsp;&nbsp; 5 | 4138 |
| Elevance Health, Inc. |  |  |
| 2.25%, 05/15/30 | &nbsp;&nbsp; 5 | 4629 |
| 2.88%, 09/15/29 | &nbsp;&nbsp; 30 | 28826 |
| 3.65%, 12/01/27 | &nbsp;&nbsp; 40 | 39845 |
| 4.10%, 03/01/28 | &nbsp;&nbsp; 25 | 25056 |
| 4.10%, 05/15/32 | &nbsp;&nbsp; 5 | 4907 |
| 4.38%, 12/01/47 | &nbsp;&nbsp; 15 | 12526 |
| 4.55%, 03/01/48 | &nbsp;&nbsp; 5 | 4307 |
| 4.75%, 02/15/33 | &nbsp;&nbsp; 15 | 15161 |
| 5.13%, 02/15/53 | &nbsp;&nbsp; 5 | 4545 |
| 5.38%, 06/15/34 | &nbsp;&nbsp; 15 | 15604 |
| 5.70%, 02/15/55 | &nbsp;&nbsp; 15 | 14728 |
| 5.85%, 11/01/64 | &nbsp;&nbsp; 10 | 9854 |
| 6.10%, 10/15/52 | &nbsp;&nbsp; 5 | 5190 |
| 6.38%, 06/15/37 | &nbsp;&nbsp; 25 | 27723 |
| Hackensack Meridian Health, Inc. |  |  |
| 4.21%, 07/01/48 | &nbsp;&nbsp; 10 | 8468 |
| Series 2020, 2.68%, 09/01/41 | &nbsp;&nbsp; 5 | 3726 |
| HCA, Inc. |  |  |
| 3.50%, 07/15/51 | &nbsp;&nbsp; 20 | 13802 |
| 3.63%, 03/15/32 | &nbsp;&nbsp; 20 | 19034 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 16 | 13874 |
| 4.63%, 03/15/52 | &nbsp;&nbsp; 5 | 4147 |
| 5.13%, 06/15/39 | &nbsp;&nbsp; 15 | 14609 |
| 5.20%, 06/01/28 | &nbsp;&nbsp; 10 | 10247 |
| 5.25%, 06/15/49 | &nbsp;&nbsp; 25 | 22832 |
| 5.50%, 06/15/47 | &nbsp;&nbsp; 5 | 4764 |
| 5.88%, 02/01/29 | &nbsp;&nbsp; 10 | 10415 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 15 | 15015 |
| Hoag Memorial Hospital Presbyterian, 3.80%, 07/15/52 | &nbsp;&nbsp; 10 | 7906 |
| Humana, Inc. |  |  |
| 3.13%, 08/15/29 | &nbsp;&nbsp; 15 | 14425 |
| 5.38%, 04/15/31 | &nbsp;&nbsp; 20 | 20611 |
| 5.55%, 05/01/35 | &nbsp;&nbsp; 25 | 25459 |
| 5.75%, 03/01/28 | &nbsp;&nbsp; 25 | 25680 |
| 5.75%, 12/01/28 | &nbsp;&nbsp; 5 | 5177 |
| 5.88%, 03/01/33 | &nbsp;&nbsp; 5 | 5233 |
| 5.95%, 03/15/34 | &nbsp;&nbsp; 15 | 15723 |
| Indiana University Health, Inc. Obligated Group, 3.97%, <br> 11/01/48<br>| &nbsp;&nbsp; 5 | 4140 |
| Inova Health System Foundation, 4.07%, 05/15/52 | &nbsp;&nbsp; 5 | 4072 |
| Integris Baptist Medical Center, Inc., Series A, 3.88%, <br> 08/15/50<br>| &nbsp;&nbsp; 5 | 3802 |
| IQVIA, Inc., 6.25%, 02/01/29 | &nbsp;&nbsp; 5 | 5255 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Kaiser Foundation Hospitals |  |  |
| 4.15%, 05/01/47 | &nbsp;&nbsp; $15 | $12836 |
| 4.88%, 04/01/42 | &nbsp;&nbsp; 10 | 9749 |
| Series 2019, 3.27%, 11/01/49 | &nbsp;&nbsp; 5 | 3627 |
| Series 2021, 2.81%, 06/01/41 | &nbsp;&nbsp; 17 | 12970 |
| Laboratory Corp. of America Holdings |  |  |
| 2.70%, 06/01/31 | &nbsp;&nbsp; 15 | 13881 |
| 2.95%, 12/01/29 | &nbsp;&nbsp; 15 | 14424 |
| Mass General Brigham, Inc., Series 2017, 3.77%, <br> 07/01/48<br>| &nbsp;&nbsp; 15 | 11962 |
| Mayo Clinic |  |  |
| Series 2013, 4.00%, 11/15/47 | &nbsp;&nbsp; 5 | 4151 |
| Series 2016, 4.13%, 11/15/52 | &nbsp;&nbsp; 10 | 8370 |
| Series 2021, 3.20%, 11/15/61 | &nbsp;&nbsp; 5 | 3318 |
| Methodist Hospital (The), Series 20A, 2.71%, 12/01/50 | &nbsp;&nbsp; 5 | 3181 |
| MyMichigan Health, Series 2020, 3.41%, 06/01/50 | &nbsp;&nbsp; 10 | 7244 |
| Nationwide Children's Hospital, Inc., 4.56%, 11/01/52 | &nbsp;&nbsp; 15 | 13443 |
| Northwell Healthcare, Inc. |  |  |
| 3.81%, 11/01/49 | &nbsp;&nbsp; 5 | 3854 |
| 3.98%, 11/01/46 | &nbsp;&nbsp; 15 | 12224 |
| Northwestern Memorial Healthcare Obligated Group, <br> Series 2021, 2.63%, 07/15/51<br>| &nbsp;&nbsp; 5 | 3174 |
| Novant Health, Inc. |  |  |
| 2.64%, 11/01/36 | &nbsp;&nbsp; 10 | 8220 |
| 3.17%, 11/01/51 | &nbsp;&nbsp; 5 | 3425 |
| 3.32%, 11/01/61 | &nbsp;&nbsp; 10 | 6630 |
| OhioHealth Corp., 2.83%, 11/15/41 | &nbsp;&nbsp; 10 | 7639 |
| Orlando Health Obligated Group |  |  |
| 3.33%, 10/01/50 | &nbsp;&nbsp; 10 | 7404 |
| 4.09%, 10/01/48 | &nbsp;&nbsp; 10 | 8412 |
| PeaceHealth Obligated Group, Series 2018, 4.79%, <br> 11/15/48<br>| &nbsp;&nbsp; 5 | 4497 |
| Piedmont Healthcare, Inc. |  |  |
| 2.04%, 01/01/32 | &nbsp;&nbsp; 10 | 8907 |
| Series 2042, 2.72%, 01/01/42 | &nbsp;&nbsp; 10 | 7336 |
| Presbyterian Healthcare Services, 4.88%, 08/01/52 | &nbsp;&nbsp; 5 | 4600 |
| Providence St. Joseph Health Obligated Group |  |  |
| Series 19A, 2.53%, 10/01/29 | &nbsp;&nbsp; 10 | 9478 |
| Series 21A, 2.70%, 10/01/51 | &nbsp;&nbsp; 10 | 6127 |
| Series A, 3.93%, 10/01/48 | &nbsp;&nbsp; 5 | 3987 |
| Series I, 3.74%, 10/01/47 | &nbsp;&nbsp; 5 | 3896 |
| Queen's Health Systems (The), 4.81%, 07/01/52 | &nbsp;&nbsp; 5 | 4587 |
| Quest Diagnostics, Inc. |  |  |
| 2.80%, 06/30/31 | &nbsp;&nbsp; 15 | 13978 |
| 2.95%, 06/30/30 | &nbsp;&nbsp; 15 | 14304 |
| Seattle Children's Hospital, Series 2021, 2.72%, <br> 10/01/50<br>| &nbsp;&nbsp; 5 | 3183 |
| Stanford Health Care |  |  |
| 3.03%, 08/15/51 | &nbsp;&nbsp; 10 | 6818 |
| Series 2018, 3.80%, 11/15/48 | &nbsp;&nbsp; 5 | 4004 |
| Sutter Health, Series 20A, 3.36%, 08/15/50 | &nbsp;&nbsp; 25 | 18234 |
| Texas Health Resources, 2.33%, 11/15/50 | &nbsp;&nbsp; 10 | 5880 |
| Toledo Hospital (The), 5.75%, 11/15/38 | &nbsp;&nbsp; 5 | 5056 |
| Trinity Health Corp. |  |  |
| 4.13%, 12/01/45 | &nbsp;&nbsp; 5 | 4303 |
| Series 2021, 2.63%, 12/01/40 | &nbsp;&nbsp; 5 | 3763 |
| UMass Memorial Health Care Obligated Group, 5.36%, <br> 07/01/52<br>| &nbsp;&nbsp; 5 | 4799 |
| UnitedHealth Group, Inc. |  |  |
| 3.70%, 05/15/27 | &nbsp;&nbsp; 5 | 4994 |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 5 | 4617 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 2.30%, 05/15/31 | &nbsp;&nbsp; $5 | $4561 |
| 2.90%, 05/15/50 | &nbsp;&nbsp; 20 | 12956 |
| 2.95%, 10/15/27 | &nbsp;&nbsp; 25 | 24707 |
| 3.13%, 05/15/60 | &nbsp;&nbsp; 5 | 3077 |
| 3.25%, 05/15/51 | &nbsp;&nbsp; 20 | 13633 |
| 3.50%, 08/15/39 | &nbsp;&nbsp; 20 | 16795 |
| 3.70%, 08/15/49 | &nbsp;&nbsp; 20 | 14988 |
| 3.75%, 10/15/47 | &nbsp;&nbsp; 10 | 7694 |
| 3.88%, 12/15/28 | &nbsp;&nbsp; 10 | 10005 |
| 3.95%, 10/15/42 | &nbsp;&nbsp; 10 | 8372 |
| 4.20%, 05/15/32 | &nbsp;&nbsp; 5 | 4977 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 5 | 5052 |
| 4.38%, 03/15/42 | &nbsp;&nbsp; 20 | 17859 |
| 4.50%, 04/15/33 | &nbsp;&nbsp; 15 | 14973 |
| 4.63%, 07/15/35 | &nbsp;&nbsp; 25 | 24851 |
| 4.75%, 07/15/45 | &nbsp;&nbsp; 19 | 17181 |
| 4.75%, 05/15/52 | &nbsp;&nbsp; 20 | 17393 |
| 5.15%, 07/15/34 | &nbsp;&nbsp; 35 | 36149 |
| 5.30%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 20 | 20858 |
| 5.35%, 02/15/33 | &nbsp;&nbsp; 45 | 47238 |
| 5.63%, 07/15/54 | &nbsp;&nbsp; 25 | 24621 |
| 5.70%, 10/15/40 | &nbsp;&nbsp; 10 | 10462 |
| 5.95%, 02/15/41 | &nbsp;&nbsp; 15 | 15927 |
| 6.05%, 02/15/63 | &nbsp;&nbsp; 10 | 10280 |
| 6.88%, 02/15/38 | &nbsp;&nbsp; 38 | 44129 |
| Universal Health Services, Inc., 2.65%, 10/15/30 | &nbsp;&nbsp; 10 | 9186 |
| UPMC, 5.38%, 05/15/43 | &nbsp;&nbsp; 5 | 5013 |
| WakeMed, Series A, 3.29%, 10/01/52 | &nbsp;&nbsp; 5 | 3566 |
| Willis-Knighton Medical Center |  |  |
| Series 2018, 4.81%, 09/01/48 | &nbsp;&nbsp; 10 | 8971 |
| Series 2021, 3.07%, 03/01/51 | &nbsp;&nbsp; 5 | 3257 |
| Yale-New Haven Health Services Corp., Series 2020, <br> 2.50%, 07/01/50<sup>(a)</sup><br>| &nbsp;&nbsp; 10 | 6105 |
|  |  | 1668470 |
| **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** |
| Apollo Debt Solutions BDC, 6.55%, 03/15/32 | &nbsp;&nbsp; 15 | 15331 |
| Ares Capital Corp. |  |  |
| 2.88%, 06/15/28 | &nbsp;&nbsp; 5 | 4770 |
| 3.20%, 11/15/31 | &nbsp;&nbsp; 5 | 4400 |
| 5.50%, 09/01/30 | &nbsp;&nbsp; 5 | 4947 |
| 5.80%, 03/08/32 | &nbsp;&nbsp; 10 | 9960 |
| Ares Strategic Income Fund |  |  |
| 5.45%, 09/09/28<sup>(d)</sup> | &nbsp;&nbsp; 5 | 4999 |
| 5.80%, 09/09/30<sup>(d)</sup> | &nbsp;&nbsp; 5 | 4981 |
| 6.20%, 03/21/32 | &nbsp;&nbsp; 15 | 15064 |
| Blackstone Private Credit Fund |  |  |
| 3.25%, 03/15/27 | &nbsp;&nbsp; 10 | 9861 |
| 6.00%, 01/29/32 | &nbsp;&nbsp; 20 | 19818 |
| 6.00%, 11/22/34 | &nbsp;&nbsp; 15 | 14523 |
| Blackstone Secured Lending Fund, 2.13%, 02/15/27 | &nbsp;&nbsp; 10 | 9746 |
| Blue Owl Capital Corp., 2.88%, 06/11/28 | &nbsp;&nbsp; 5 | 4681 |
| Blue Owl Credit Income Corp. |  |  |
| 6.65%, 03/15/31 | &nbsp;&nbsp; 15 | 15079 |
| 7.75%, 09/16/27 | &nbsp;&nbsp; 5 | 5099 |
| FS KKR Capital Corp., 6.13%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4792 |
| Golub Capital BDC, Inc., 2.05%, 02/15/27 | &nbsp;&nbsp; 5 | 4862 |
| HA Sustainable Infrastructure Capital, Inc., 6.38%, <br> 07/01/34<br>| &nbsp;&nbsp; 15 | 15502 |
| Sixth Street Lending Partners, 5.75%, 01/15/30 | &nbsp;&nbsp; 15 | 15048 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| Sixth Street Specialty Lending, Inc., 6.95%, 08/14/28 | &nbsp;&nbsp; $5 | $5145 |
|  |  | 188608 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| DR Horton, Inc., 1.40%, 10/15/27 | &nbsp;&nbsp; 10 | 9625 |
| Lennar Corp., 4.75%, 11/29/27 | &nbsp;&nbsp; 15 | 15134 |
| PulteGroup, Inc. |  |  |
| 6.38%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5564 |
| 7.88%, 06/15/32 | &nbsp;&nbsp; 5 | 5902 |
| Sekisui House U.S., Inc. |  |  |
| 2.50%, 01/15/31 | &nbsp;&nbsp; 5 | 4506 |
| 6.00%, 01/15/43 | &nbsp;&nbsp; 15 | 14303 |
| Toll Brothers Finance Corp. |  |  |
| 3.80%, 11/01/29 | &nbsp;&nbsp; 5 | 4949 |
| 4.35%, 02/15/28 | &nbsp;&nbsp; 10 | 10061 |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 5 | 5030 |
|  |  | 75074 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Leggett & Platt, Inc. |  |  |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 5 | 4939 |
| 4.40%, 03/15/29 | &nbsp;&nbsp; 40 | 39842 |
|  |  | 44781 |
| **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** |
| Avery Dennison Corp., 4.88%, 12/06/28 | &nbsp;&nbsp; 5 | 5102 |
| Clorox Co.(The) |  |  |
| 1.80%, 05/15/30 | &nbsp;&nbsp; 15 | 13658 |
| 3.10%, 10/01/27 | &nbsp;&nbsp; 25 | 24717 |
| 3.90%, 05/15/28 | &nbsp;&nbsp; 5 | 5004 |
| 4.60%, 05/01/32 | &nbsp;&nbsp; 5 | 5073 |
| Kimberly-Clark Corp. |  |  |
| 1.05%, 09/15/27 | &nbsp;&nbsp; 25 | 24051 |
| 3.10%, 03/26/30 | &nbsp;&nbsp; 10 | 9694 |
| 3.20%, 04/25/29 | &nbsp;&nbsp; 15 | 14741 |
| 3.90%, 05/04/47 | &nbsp;&nbsp; 20 | 16253 |
| 4.50%, 02/16/33 | &nbsp;&nbsp; 5 | 5110 |
| 6.63%, 08/01/37 | &nbsp;&nbsp; 10 | 11638 |
|  |  | 135041 |
| **Insurance — 1.2%** | **Insurance — 1.2%** | **Insurance — 1.2%** |
| ACE Capital Trust II, Series N, 9.70%, 04/01/30 | &nbsp;&nbsp; 5 | 5977 |
| Aflac, Inc., 3.60%, 04/01/30 | &nbsp;&nbsp; 25 | 24631 |
| Alleghany Corp. |  |  |
| 3.63%, 05/15/30 | &nbsp;&nbsp; 20 | 19751 |
| 4.90%, 09/15/44 | &nbsp;&nbsp; 5 | 4675 |
| Allstate Corp.(The) |  |  |
| 3.85%, 08/10/49 | &nbsp;&nbsp; 10 | 7694 |
| 4.20%, 12/15/46 | &nbsp;&nbsp; 5 | 4140 |
| 4.50%, 06/15/43 | &nbsp;&nbsp; 5 | 4415 |
| 5.95%, 04/01/36 | &nbsp;&nbsp; 15 | 16261 |
| 6.50%, 05/15/67, (3-mo. SOFR US + 2.38%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5254 |
| American International Group, Inc. |  |  |
| 3.40%, 06/30/30 | &nbsp;&nbsp; 5 | 4870 |
| 3.88%, 01/15/35 | &nbsp;&nbsp; 10 | 9360 |
| 4.20%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10035 |
| American National Group, Inc., 5.00%, 06/15/27 | &nbsp;&nbsp; 5 | 5027 |
| Aon Corp. |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 5 | 4742 |
| 3.75%, 05/02/29 | &nbsp;&nbsp; 4 | 3967 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 3.90%, 02/28/52 | &nbsp;&nbsp; 10 | 7435 |
| 5.35%, 02/28/33 | &nbsp;&nbsp; 5 | 5223 |
| Aon Global Ltd., 4.75%, 05/15/45 | &nbsp;&nbsp; 5 | 4437 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Aon North America, Inc. |  |  |
| 5.15%, 03/01/29 | &nbsp;&nbsp; $25 | $25778 |
| 5.45%, 03/01/34 | &nbsp;&nbsp; 25 | 26097 |
| 5.75%, 03/01/54 | &nbsp;&nbsp; 10 | 9898 |
| Arch Capital Group Ltd. |  |  |
| 3.64%, 06/30/50 | &nbsp;&nbsp; 15 | 11115 |
| 7.35%, 05/01/34 | &nbsp;&nbsp; 5 | 5861 |
| Arthur J Gallagher & Co., 5.45%, 07/15/34 | &nbsp;&nbsp; 25 | 25927 |
| Assurant, Inc. |  |  |
| 3.70%, 02/22/30 | &nbsp;&nbsp; 10 | 9785 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 5 | 5065 |
| Assured Guaranty U.S. Holdings, Inc. |  |  |
| 3.15%, 06/15/31 | &nbsp;&nbsp; 15 | 14153 |
| 6.13%, 09/15/28 | &nbsp;&nbsp; 5 | 5237 |
| Athene Holding Ltd. |  |  |
| 3.45%, 05/15/52 | &nbsp;&nbsp; 10 | 6116 |
| 3.95%, 05/25/51 | &nbsp;&nbsp; 5 | 3433 |
| 4.13%, 01/12/28 | &nbsp;&nbsp; 44 | 43788 |
| 6.25%, 04/01/54 | &nbsp;&nbsp; 5 | 4666 |
| 6.88%, 06/28/55, (5-year CMT + 2.58%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 19265 |
| Axis Specialty Finance LLC, 3.90%, 07/15/29 | &nbsp;&nbsp; 5 | 4972 |
| Axis Specialty Finance PLC, 4.00%, 12/06/27 | &nbsp;&nbsp; 10 | 9981 |
| Berkshire Hathaway Finance Corp. |  |  |
| 1.45%, 10/15/30 | &nbsp;&nbsp; 10 | 9025 |
| 2.50%, 01/15/51 | &nbsp;&nbsp; 5 | 3017 |
| 2.88%, 03/15/32 | &nbsp;&nbsp; 15 | 14121 |
| 3.85%, 03/15/52 | &nbsp;&nbsp; 25 | 19404 |
| 4.20%, 08/15/48 | &nbsp;&nbsp; 20 | 16837 |
| 5.75%, 01/15/40 | &nbsp;&nbsp; 25 | 27504 |
| Brighthouse Financial, Inc., 5.63%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10096 |
| Brown & Brown, Inc. |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 10 | 8986 |
| 4.50%, 03/15/29 | &nbsp;&nbsp; 10 | 10055 |
| 4.95%, 03/17/52 | &nbsp;&nbsp; 10 | 8537 |
| Chubb INA Holdings LLC |  |  |
| 3.05%, 12/15/61 | &nbsp;&nbsp; 15 | 9414 |
| 4.35%, 11/03/45 | &nbsp;&nbsp; 15 | 13176 |
| CNA Financial Corp., 3.90%, 05/01/29 | &nbsp;&nbsp; 25 | 24816 |
| CNO Financial Group, Inc., 5.25%, 05/30/29 | &nbsp;&nbsp; 10 | 10166 |
| Corebridge Financial, Inc. |  |  |
| 3.65%, 04/05/27 | &nbsp;&nbsp; 30 | 29844 |
| 3.90%, 04/05/32 | &nbsp;&nbsp; 15 | 14247 |
| 4.35%, 04/05/42 | &nbsp;&nbsp; 5 | 4292 |
| 4.40%, 04/05/52<sup>(a)</sup> | &nbsp;&nbsp; 5 | 3974 |
| 6.88%, 12/15/52, (5-year CMT + 3.85%)<sup>(b)</sup> | &nbsp;&nbsp; 15 | 15368 |
| Enstar Group Ltd. |  |  |
| 3.10%, 09/01/31 | &nbsp;&nbsp; 5 | 4499 |
| 4.95%, 06/01/29 | &nbsp;&nbsp; 15 | 15214 |
| Equitable Holdings, Inc. |  |  |
| 4.35%, 04/20/28 | &nbsp;&nbsp; 17 | 17077 |
| 5.00%, 04/20/48 | &nbsp;&nbsp; 6 | 5338 |
| 5.59%, 01/11/33 | &nbsp;&nbsp; 5 | 5203 |
| Everest Reinsurance Holdings, Inc. |  |  |
| 3.13%, 10/15/52 | &nbsp;&nbsp; 10 | 6339 |
| 4.87%, 06/01/44 | &nbsp;&nbsp; 5 | 4450 |
| Fairfax Financial Holdings Ltd. |  |  |
| 4.63%, 04/29/30 | &nbsp;&nbsp; 15 | 15173 |
| 4.85%, 04/17/28 | &nbsp;&nbsp; 20 | 20311 |
| 6.00%, 12/07/33 | &nbsp;&nbsp; 25 | 26701 |
| Fidelity National Financial, Inc. |  |  |
| 3.20%, 09/17/51 | &nbsp;&nbsp; 25 | 15796 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.50%, 08/15/28 | &nbsp;&nbsp; $20 | $20143 |
| First American Financial Corp., 2.40%, 08/15/31 | &nbsp;&nbsp; 15 | 13223 |
| Globe Life, Inc. |  |  |
| 2.15%, 08/15/30 | &nbsp;&nbsp; 5 | 4570 |
| 4.80%, 06/15/32 | &nbsp;&nbsp; 15 | 15108 |
| Hanover Insurance Group, Inc.(The) |  |  |
| 2.90%, 09/15/51 | &nbsp;&nbsp; 15 | 9759 |
| 5.95%, 10/15/36 | &nbsp;&nbsp; 5 | 5417 |
| Jackson Financial, Inc. |  |  |
| 3.13%, 11/23/31 | &nbsp;&nbsp; 5 | 4563 |
| 4.00%, 11/23/51 | &nbsp;&nbsp; 5 | 3398 |
| 5.67%, 06/08/32 | &nbsp;&nbsp; 5 | 5130 |
| Kemper Corp. |  |  |
| 2.40%, 09/30/30 | &nbsp;&nbsp; 15 | 13203 |
| 3.80%, 02/23/32 | &nbsp;&nbsp; 25 | 22963 |
| Lincoln National Corp. |  |  |
| 3.40%, 01/15/31 | &nbsp;&nbsp; 15 | 14117 |
| 5.85%, 03/15/34 | &nbsp;&nbsp; 5 | 5174 |
| Markel Group, Inc. |  |  |
| 3.35%, 09/17/29 | &nbsp;&nbsp; 15 | 14590 |
| 3.45%, 05/07/52 | &nbsp;&nbsp; 5 | 3454 |
| 3.50%, 11/01/27 | &nbsp;&nbsp; 10 | 9916 |
| 4.15%, 09/17/50 | &nbsp;&nbsp; 10 | 7866 |
| 5.00%, 04/05/46 | &nbsp;&nbsp; 5 | 4584 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.25%, 11/15/30 | &nbsp;&nbsp; 25 | 22947 |
| 4.20%, 03/01/48 | &nbsp;&nbsp; 15 | 12335 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 30 | 30312 |
| 4.55%, 11/08/27 | &nbsp;&nbsp; 20 | 20186 |
| 4.75%, 03/15/39 | &nbsp;&nbsp; 10 | 9667 |
| 4.90%, 03/15/49 | &nbsp;&nbsp; 5 | 4524 |
| 5.40%, 09/15/33 | &nbsp;&nbsp; 25 | 26349 |
| 5.45%, 03/15/53 | &nbsp;&nbsp; 10 | 9630 |
| 5.75%, 11/01/32 | &nbsp;&nbsp; 5 | 5355 |
| 5.88%, 08/01/33 | &nbsp;&nbsp; 10 | 10884 |
| MetLife, Inc. |  |  |
| 4.60%, 05/13/46 | &nbsp;&nbsp; 10 | 8874 |
| 4.88%, 11/13/43 | &nbsp;&nbsp; 10 | 9260 |
| 5.25%, 01/15/54 | &nbsp;&nbsp; 10 | 9418 |
| 5.38%, 07/15/33 | &nbsp;&nbsp; 20 | 21048 |
| 5.70%, 06/15/35 | &nbsp;&nbsp; 20 | 21341 |
| 6.38%, 06/15/34 | &nbsp;&nbsp; 5 | 5575 |
| 6.40%, 12/15/66 | &nbsp;&nbsp; 15 | 15717 |
| Old Republic International Corp., 5.75%, 03/28/34 | &nbsp;&nbsp; 5 | 5242 |
| PartnerRe Finance B LLC, 3.70%, 07/02/29 | &nbsp;&nbsp; 20 | 19695 |
| Primerica, Inc., 2.80%, 11/19/31 | &nbsp;&nbsp; 5 | 4572 |
| Principal Financial Group, Inc. |  |  |
| 2.13%, 06/15/30 | &nbsp;&nbsp; 5 | 4579 |
| 3.70%, 05/15/29 | &nbsp;&nbsp; 10 | 9893 |
| 4.30%, 11/15/46 | &nbsp;&nbsp; 5 | 4231 |
| 5.38%, 03/15/33 | &nbsp;&nbsp; 5 | 5235 |
| Progressive Corp.(The) |  |  |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 5 | 4639 |
| 3.70%, 01/26/45 | &nbsp;&nbsp; 5 | 3962 |
| 3.95%, 03/26/50 | &nbsp;&nbsp; 5 | 3930 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 20 | 20100 |
| 4.13%, 04/15/47 | &nbsp;&nbsp; 5 | 4145 |
| 4.35%, 04/25/44 | &nbsp;&nbsp; 5 | 4367 |
| Prudential Financial, Inc. |  |  |
| 3.70%, 03/13/51 | &nbsp;&nbsp; 10 | 7304 |
| 3.88%, 03/27/28 | &nbsp;&nbsp; 50 | 50036 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 3.91%, 12/07/47 | &nbsp;&nbsp; $10 | $7820 |
| 4.35%, 02/25/50 | &nbsp;&nbsp; 10 | 8155 |
| 4.50%, 09/15/47, (3-mo. SOFR US + 2.64%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 9864 |
| 5.70%, 12/14/36 | &nbsp;&nbsp; 5 | 5291 |
| 6.00%, 09/01/52, (5-year CMT + 3.23%)<sup>(b)</sup> | &nbsp;&nbsp; 10 | 10359 |
| 6.50%, 03/15/54, (5-year CMT + 2.40%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | 21082 |
| 6.75%, 03/01/53, (5-year CMT + 2.85%)<sup>(b)</sup> | &nbsp;&nbsp; 5 | 5359 |
| Prudential Funding Asia PLC, 3.13%, 04/14/30 | &nbsp;&nbsp; 15 | 14479 |
| Reinsurance Group of America, Inc., 5.75%, 09/15/34 | &nbsp;&nbsp; 20 | 20908 |
| RenaissanceRe Finance, Inc., 3.45%, 07/01/27 | &nbsp;&nbsp; 20 | 19820 |
| RenaissanceRe Holdings Ltd., 3.60%, 04/15/29 | &nbsp;&nbsp; 5 | 4915 |
| Stewart Information Services Corp., 3.60%, 11/15/31 | &nbsp;&nbsp; 5 | 4521 |
| Travelers Companies, Inc.(The) |  |  |
| 3.05%, 06/08/51 | &nbsp;&nbsp; 15 | 10056 |
| 3.75%, 05/15/46 | &nbsp;&nbsp; 5 | 3976 |
| 4.10%, 03/04/49 | &nbsp;&nbsp; 5 | 4132 |
| 4.60%, 08/01/43 | &nbsp;&nbsp; 5 | 4613 |
| 5.45%, 05/25/53 | &nbsp;&nbsp; 5 | 4943 |
| Travelers Property Casualty Corp., 6.38%, 03/15/33 | &nbsp;&nbsp; 10 | 11325 |
| Unum Group |  |  |
| 4.50%, 12/15/49 | &nbsp;&nbsp; 5 | 3926 |
| 5.75%, 08/15/42 | &nbsp;&nbsp; 5 | 4962 |
| W R Berkley Corp. |  |  |
| 3.15%, 09/30/61 | &nbsp;&nbsp; 5 | 3075 |
| 4.00%, 05/12/50 | &nbsp;&nbsp; 5 | 3965 |
| Willis North America, Inc. |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 20 | 19134 |
| 4.65%, 06/15/27 | &nbsp;&nbsp; 5 | 5032 |
| 5.05%, 09/15/48 | &nbsp;&nbsp; 10 | 9039 |
| 5.35%, 05/15/33 | &nbsp;&nbsp; 20 | 20602 |
|  |  | 1581894 |
| **Internet — 0.8%** | **Internet — 0.8%** | **Internet — 0.8%** |
| Alibaba Group Holding Ltd., 3.40%, 12/06/27 | &nbsp;&nbsp; 200 | 198719 |
| Alphabet, Inc. |  |  |
| 1.90%, 08/15/40 | &nbsp;&nbsp; 30 | 20712 |
| 2.25%, 08/15/60<sup>(a)</sup> | &nbsp;&nbsp; 25 | 13126 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 25 | 25173 |
| 4.70%, 11/15/35 | &nbsp;&nbsp; 25 | 25308 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 75 | 76220 |
| 5.70%, 11/15/75 | &nbsp;&nbsp; 50 | 49969 |
| Amazon.com, Inc. |  |  |
| 1.50%, 06/03/30 | &nbsp;&nbsp; 10 | 9065 |
| 2.50%, 06/03/50 | &nbsp;&nbsp; 25 | 15135 |
| 2.70%, 06/03/60 | &nbsp;&nbsp; 10 | 5651 |
| 2.88%, 05/12/41 | &nbsp;&nbsp; 30 | 23018 |
| 3.15%, 08/22/27 | &nbsp;&nbsp; 33 | 32819 |
| 3.30%, 04/13/27 | &nbsp;&nbsp; 10 | 9966 |
| 3.88%, 08/22/37 | &nbsp;&nbsp; 40 | 37110 |
| 3.95%, 04/13/52 | &nbsp;&nbsp; 20 | 15790 |
| 4.05%, 08/22/47 | &nbsp;&nbsp; 40 | 33048 |
| 4.25%, 08/22/57 | &nbsp;&nbsp; 15 | 12095 |
| 4.70%, 12/01/32 | &nbsp;&nbsp; 30 | 31019 |
| 4.80%, 12/05/34 | &nbsp;&nbsp; 20 | 20728 |
| AppLovin Corp. |  |  |
| 5.13%, 12/01/29 | &nbsp;&nbsp; 25 | 25533 |
| 5.95%, 12/01/54 | &nbsp;&nbsp; 5 | 4791 |
| eBay, Inc. |  |  |
| 3.60%, 06/05/27 | &nbsp;&nbsp; 15 | 14943 |
| 3.65%, 05/10/51 | &nbsp;&nbsp; 15 | 11147 |
| 4.00%, 07/15/42 | &nbsp;&nbsp; 20 | 16695 |
| 5.95%, 11/22/27 | &nbsp;&nbsp; 10 | 10324 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 6.30%, 11/22/32 | &nbsp;&nbsp; $10 | $10986 |
| Expedia Group, Inc. |  |  |
| 2.95%, 03/15/31 | &nbsp;&nbsp; 10 | 9296 |
| 3.25%, 02/15/30 | &nbsp;&nbsp; 10 | 9595 |
| 4.63%, 08/01/27 | &nbsp;&nbsp; 10 | 10067 |
| Meta Platforms, Inc. |  |  |
| 3.50%, 08/15/27 | &nbsp;&nbsp; 15 | 14988 |
| 4.45%, 08/15/52 | &nbsp;&nbsp; 25 | 20511 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 15 | 15297 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 60 | 61002 |
| 4.65%, 08/15/62 | &nbsp;&nbsp; 20 | 16224 |
| 4.75%, 08/15/34 | &nbsp;&nbsp; 50 | 50798 |
| 4.88%, 11/15/35 | &nbsp;&nbsp; 5 | 5046 |
| 5.55%, 08/15/64 | &nbsp;&nbsp; 10 | 9416 |
| 5.60%, 05/15/53 | &nbsp;&nbsp; 20 | 19453 |
| 5.63%, 11/15/55 | &nbsp;&nbsp; 5 | 4894 |
| 5.75%, 05/15/63 | &nbsp;&nbsp; 10 | 9720 |
| 5.75%, 11/15/65 | &nbsp;&nbsp; 50 | 48675 |
| Netflix, Inc., 4.88%, 04/15/28 | &nbsp;&nbsp; 5 | 5111 |
| Uber Technologies, Inc. |  |  |
| 4.80%, 09/15/34 | &nbsp;&nbsp; 5 | 5013 |
| 5.35%, 09/15/54 | &nbsp;&nbsp; 5 | 4768 |
| VeriSign, Inc., 4.75%, 07/15/27 | &nbsp;&nbsp; 35 | 35006 |
|  |  | 1103970 |
| **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** |
| ArcelorMittal SA |  |  |
| 6.55%, 11/29/27 | &nbsp;&nbsp; 10 | 10391 |
| 6.75%, 03/01/41 | &nbsp;&nbsp; 10 | 11147 |
| 6.80%, 11/29/32 | &nbsp;&nbsp; 20 | 22680 |
| Nucor Corp. |  |  |
| 2.98%, 12/15/55 | &nbsp;&nbsp; 18 | 11475 |
| 3.13%, 04/01/32 | &nbsp;&nbsp; 20 | 18789 |
| 3.85%, 04/01/52 | &nbsp;&nbsp; 15 | 11619 |
| Steel Dynamics, Inc. |  |  |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 25 | 23922 |
| 3.45%, 04/15/30 | &nbsp;&nbsp; 5 | 4863 |
| Vale Overseas Ltd. |  |  |
| 3.75%, 07/08/30 | &nbsp;&nbsp; 22 | 21323 |
| 6.13%, 06/12/33 | &nbsp;&nbsp; 20 | 21534 |
|  |  | 157743 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| Brunswick Corp. |  |  |
| 2.40%, 08/18/31 | &nbsp;&nbsp; 5 | 4444 |
| 4.40%, 09/15/32 | &nbsp;&nbsp; 5 | 4859 |
|  |  | 9303 |
| **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** |
| Choice Hotels International, Inc., 3.70%, 01/15/31 | &nbsp;&nbsp; 5 | 4817 |
| Hyatt Hotels Corp. |  |  |
| 4.38%, 09/15/28 | &nbsp;&nbsp; 10 | 10055 |
| 5.75%, 04/23/30 | &nbsp;&nbsp; 5 | 5253 |
| Las Vegas Sands Corp. |  |  |
| 6.00%, 08/15/29 | &nbsp;&nbsp; 25 | 26155 |
| 6.20%, 08/15/34 | &nbsp;&nbsp; 5 | 5280 |
| Marriott International, Inc./MD |  |  |
| 5.30%, 05/15/34 | &nbsp;&nbsp; 25 | 25955 |
| Series FF, 4.63%, 06/15/30 | &nbsp;&nbsp; 10 | 10184 |
| Series GG, 3.50%, 10/15/32 | &nbsp;&nbsp; 20 | 18866 |
| Series HH, 2.85%, 04/15/31 | &nbsp;&nbsp; 5 | 4680 |
| Series X, 4.00%, 04/15/28 | &nbsp;&nbsp; 15 | 15030 |
|  |  | 126275 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery — 0.2%** | **Machinery — 0.2%** | **Machinery — 0.2%** |
| AGCO Corp., 5.80%, 03/21/34 | &nbsp;&nbsp; $20 | $21143 |
| Caterpillar, Inc. |  |  |
| 3.25%, 04/09/50 | &nbsp;&nbsp; 5 | 3636 |
| 6.05%, 08/15/36 | &nbsp;&nbsp; 28 | 31614 |
| CNH Industrial NV, 3.85%, 11/15/27 | &nbsp;&nbsp; 25 | 24944 |
| Deere & Co. |  |  |
| 3.90%, 06/09/42 | &nbsp;&nbsp; 15 | 13161 |
| 5.38%, 10/16/29 | &nbsp;&nbsp; 5 | 5270 |
| Dover Corp., 2.95%, 11/04/29 | &nbsp;&nbsp; 5 | 4818 |
| Flowserve Corp., 2.80%, 01/15/32 | &nbsp;&nbsp; 10 | 9096 |
| Ingersoll Rand, Inc. |  |  |
| 5.40%, 08/14/28 | &nbsp;&nbsp; 5 | 5167 |
| 5.70%, 08/14/33 | &nbsp;&nbsp; 10 | 10684 |
| John Deere Capital Corp. |  |  |
| 1.75%, 03/09/27 | &nbsp;&nbsp; 15 | 14711 |
| 3.05%, 01/06/28 | &nbsp;&nbsp; 15 | 14844 |
| 3.90%, 06/07/32 | &nbsp;&nbsp; 5 | 4955 |
| 4.70%, 06/10/30 | &nbsp;&nbsp; 5 | 5156 |
| nVent Finance SARL, 5.65%, 05/15/33 | &nbsp;&nbsp; 15 | 15828 |
| Otis Worldwide Corp. |  |  |
| 3.36%, 02/15/50<sup>(a)</sup> | &nbsp;&nbsp; 15 | 10767 |
| 5.25%, 08/16/28 | &nbsp;&nbsp; 5 | 5157 |
| Regal Rexnord Corp. |  |  |
| 6.05%, 04/15/28 | &nbsp;&nbsp; 10 | 10369 |
| 6.30%, 02/15/30 | &nbsp;&nbsp; 10 | 10682 |
| 6.40%, 04/15/33 | &nbsp;&nbsp; 10 | 10889 |
| Rockwell Automation, Inc. |  |  |
| 1.75%, 08/15/31 | &nbsp;&nbsp; 10 | 8857 |
| 2.80%, 08/15/61 | &nbsp;&nbsp; 5 | 2923 |
| Westinghouse Air Brake Technologies Corp. |  |  |
| 4.70%, 09/15/28 | &nbsp;&nbsp; 20 | 20312 |
| 5.61%, 03/11/34 | &nbsp;&nbsp; 5 | 5304 |
| Xylem, Inc. |  |  |
| 1.95%, 01/30/28 | &nbsp;&nbsp; 25 | 24132 |
| 2.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 10 | 9143 |
| 4.38%, 11/01/46 | &nbsp;&nbsp; 10 | 8744 |
|  |  | 312306 |
| **Manufacturing — 0.2%** | **Manufacturing — 0.2%** | **Manufacturing — 0.2%** |
| 3M Co. |  |  |
| 2.38%, 08/26/29 | &nbsp;&nbsp; 20 | 18987 |
| 3.05%, 04/15/30 | &nbsp;&nbsp; 5 | 4814 |
| 3.25%, 08/26/49 | &nbsp;&nbsp; 5 | 3491 |
| 3.38%, 03/01/29 | &nbsp;&nbsp; 15 | 14774 |
| 3.63%, 10/15/47 | &nbsp;&nbsp; 5 | 3808 |
| 3.70%, 04/15/50 | &nbsp;&nbsp; 10 | 7520 |
| 4.00%, 09/14/48 | &nbsp;&nbsp; 5 | 4016 |
| Eaton Corp. |  |  |
| 3.92%, 09/15/47 | &nbsp;&nbsp; 10 | 8315 |
| 4.15%, 03/15/33 | &nbsp;&nbsp; 20 | 19930 |
| 4.35%, 05/18/28 | &nbsp;&nbsp; 5 | 5062 |
| 4.70%, 08/23/52 | &nbsp;&nbsp; 10 | 9118 |
| Parker-Hannifin Corp. |  |  |
| 3.25%, 03/01/27 | &nbsp;&nbsp; 13 | 12934 |
| 4.10%, 03/01/47 | &nbsp;&nbsp; 15 | 12694 |
| 4.20%, 11/21/34 | &nbsp;&nbsp; 10 | 9870 |
| 4.45%, 11/21/44 | &nbsp;&nbsp; 5 | 4484 |
| 4.50%, 09/15/29 | &nbsp;&nbsp; 5 | 5090 |
| Pentair Finance SARL |  |  |
| 4.50%, 07/01/29 | &nbsp;&nbsp; 10 | 10094 |
| 5.90%, 07/15/32 | &nbsp;&nbsp; 5 | 5359 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Manufacturing (continued)** | **Manufacturing (continued)** | **Manufacturing (continued)** |
| Teledyne Technologies, Inc. |  |  |
| 2.25%, 04/01/28 | &nbsp;&nbsp; $30 | $29021 |
| 2.75%, 04/01/31 | &nbsp;&nbsp; 15 | 14019 |
| Textron, Inc., 2.45%, 03/15/31 | &nbsp;&nbsp; 17 | 15581 |
|  |  | 218981 |
| **Media — 0.8%** | **Media — 0.8%** | **Media — 0.8%** |
| Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| 2.25%, 01/15/29 | &nbsp;&nbsp; 5 | 4719 |
| 2.30%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4363 |
| 2.80%, 04/01/31 | &nbsp;&nbsp; 15 | 13637 |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 15 | 10811 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 10 | 9910 |
| 3.85%, 04/01/61 | &nbsp;&nbsp; 5 | 3021 |
| 3.90%, 06/01/52 | &nbsp;&nbsp; 20 | 13138 |
| 3.95%, 06/30/62 | &nbsp;&nbsp; 15 | 9168 |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 5 | 4994 |
| 4.80%, 03/01/50 | &nbsp;&nbsp; 25 | 19061 |
| 5.05%, 03/30/29 | &nbsp;&nbsp; 10 | 10152 |
| 5.13%, 07/01/49 | &nbsp;&nbsp; 15 | 11920 |
| 5.25%, 04/01/53<sup>(a)</sup> | &nbsp;&nbsp; 10 | 8078 |
| 5.38%, 05/01/47 | &nbsp;&nbsp; 15 | 12520 |
| 5.75%, 04/01/48 | &nbsp;&nbsp; 20 | 17365 |
| 5.85%, 12/01/35 | &nbsp;&nbsp; 5 | 5031 |
| 6.48%, 10/23/45 | &nbsp;&nbsp; 25 | 23779 |
| 6.55%, 06/01/34 | &nbsp;&nbsp; 35 | 37206 |
| Comcast Corp. |  |  |
| 1.50%, 02/15/31 | &nbsp;&nbsp; 10 | 8825 |
| 1.95%, 01/15/31 | &nbsp;&nbsp; 15 | 13558 |
| 2.45%, 08/15/52 | &nbsp;&nbsp; 10 | 5436 |
| 2.65%, 02/01/30 | &nbsp;&nbsp; 25 | 23780 |
| 2.65%, 08/15/62 | &nbsp;&nbsp; 30 | 15559 |
| 2.80%, 01/15/51 | &nbsp;&nbsp; 10 | 5949 |
| 2.89%, 11/01/51 | &nbsp;&nbsp; 45 | 27168 |
| 2.94%, 11/01/56<sup>(a)</sup> | &nbsp;&nbsp; 40 | 23307 |
| 2.99%, 11/01/63 | &nbsp;&nbsp; 46 | 25570 |
| 3.40%, 04/01/30 | &nbsp;&nbsp; 20 | 19554 |
| 3.40%, 07/15/46 | &nbsp;&nbsp; 5 | 3568 |
| 3.45%, 02/01/50 | &nbsp;&nbsp; 10 | 6858 |
| 3.75%, 04/01/40 | &nbsp;&nbsp; 15 | 12644 |
| 3.90%, 03/01/38 | &nbsp;&nbsp; 35 | 31094 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 15 | 11350 |
| 4.15%, 10/15/28 | &nbsp;&nbsp; 25 | 25186 |
| 4.20%, 08/15/34 | &nbsp;&nbsp; 5 | 4847 |
| 4.25%, 10/15/30 | &nbsp;&nbsp; 10 | 10084 |
| 4.25%, 01/15/33 | &nbsp;&nbsp; 10 | 9898 |
| 4.40%, 08/15/35 | &nbsp;&nbsp; 20 | 19397 |
| 4.65%, 07/15/42 | &nbsp;&nbsp; 20 | 17950 |
| 4.75%, 03/01/44 | &nbsp;&nbsp; 10 | 8937 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 20 | 20402 |
| 4.95%, 05/15/32 | &nbsp;&nbsp; 20 | 20677 |
| 5.17%, 01/15/37<sup>(d)</sup> | &nbsp;&nbsp; 74 | 74522 |
| 5.30%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5230 |
| 5.50%, 11/15/32 | &nbsp;&nbsp; 5 | 5336 |
| 5.65%, 06/15/35 | &nbsp;&nbsp; 5 | 5325 |
| 6.50%, 11/15/35 | &nbsp;&nbsp; 5 | 5638 |
| FactSet Research Systems, Inc., 2.90%, 03/01/27 | &nbsp;&nbsp; 10 | 9862 |
| Fox Corp., 5.58%, 01/25/49 | &nbsp;&nbsp; 10 | 9473 |
| Paramount Global |  |  |
| 3.70%, 06/01/28 | &nbsp;&nbsp; 5 | 4851 |
| 4.20%, 05/19/32 | &nbsp;&nbsp; 5 | 4403 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 4.38%, 03/15/43 | &nbsp;&nbsp; $10 | $6272 |
| 4.60%, 01/15/45 | &nbsp;&nbsp; 5 | 3151 |
| 4.90%, 08/15/44 | &nbsp;&nbsp; 5 | 3212 |
| 4.95%, 01/15/31 | &nbsp;&nbsp; 5 | 4677 |
| 5.50%, 05/15/33 | &nbsp;&nbsp; 5 | 4505 |
| 5.85%, 09/01/43 | &nbsp;&nbsp; 5 | 3703 |
| 5.90%, 10/15/40 | &nbsp;&nbsp; 5 | 4090 |
| 6.88%, 04/30/36 | &nbsp;&nbsp; 10 | 9084 |
| Time Warner Cable Enterprises LLC, 8.38%, 07/15/33 | &nbsp;&nbsp; 5 | 5856 |
| Time Warner Cable LLC |  |  |
| 4.50%, 09/15/42 | &nbsp;&nbsp; 15 | 11844 |
| 5.50%, 09/01/41 | &nbsp;&nbsp; 10 | 8958 |
| 6.55%, 05/01/37 | &nbsp;&nbsp; 20 | 20608 |
| 6.75%, 06/15/39 | &nbsp;&nbsp; 20 | 20508 |
| 7.30%, 07/01/38 | &nbsp;&nbsp; 10 | 10829 |
| TWDC Enterprises 18 Corp. |  |  |
| 3.70%, 12/01/42 | &nbsp;&nbsp; 10 | 8236 |
| 4.13%, 06/01/44 | &nbsp;&nbsp; 15 | 12797 |
| Walt Disney Co.(The) |  |  |
| 2.20%, 01/13/28 | &nbsp;&nbsp; 15 | 14640 |
| 2.65%, 01/13/31 | &nbsp;&nbsp; 20 | 18938 |
| 2.75%, 09/01/49 | &nbsp;&nbsp; 5 | 3216 |
| 3.80%, 05/13/60 | &nbsp;&nbsp; 20 | 14769 |
| 4.70%, 03/23/50 | &nbsp;&nbsp; 20 | 18015 |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 5 | 4638 |
| 5.40%, 10/01/43 | &nbsp;&nbsp; 10 | 10193 |
| 6.20%, 12/15/34 | &nbsp;&nbsp; 5 | 5654 |
| 6.40%, 12/15/35 | &nbsp;&nbsp; 5 | 5683 |
| 6.65%, 11/15/37 | &nbsp;&nbsp; 40 | 46149 |
|  |  | 995336 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Precision Castparts Corp., 4.38%, 06/15/45 | &nbsp;&nbsp; 5 | 4470 |
| Timken Co. (The), 4.13%, 04/01/32 | &nbsp;&nbsp; 35 | 34095 |
|  |  | 38565 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| Barrick North America Finance LLC |  |  |
| 5.70%, 05/30/41 | &nbsp;&nbsp; 10 | 10390 |
| 5.75%, 05/01/43 | &nbsp;&nbsp; 10 | 10368 |
| Barrick PD Australia Finance Pty. Ltd., 5.95%, <br> 10/15/39<br>| &nbsp;&nbsp; 5 | 5355 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.13%, 02/24/42 | &nbsp;&nbsp; 10 | 8810 |
| 4.75%, 02/28/28 | &nbsp;&nbsp; 5 | 5093 |
| 4.90%, 02/28/33 | &nbsp;&nbsp; 5 | 5144 |
| 5.25%, 09/08/30 | &nbsp;&nbsp; 25 | 26230 |
| 5.25%, 09/08/33 | &nbsp;&nbsp; 25 | 26213 |
| 5.50%, 09/08/53 | &nbsp;&nbsp; 5 | 5039 |
| Freeport-McMoRan, Inc. |  |  |
| 4.13%, 03/01/28 | &nbsp;&nbsp; 10 | 9992 |
| 4.38%, 08/01/28 | &nbsp;&nbsp; 20 | 20026 |
| 5.25%, 09/01/29 | &nbsp;&nbsp; 10 | 10151 |
| 5.40%, 11/14/34 | &nbsp;&nbsp; 10 | 10445 |
| 5.45%, 03/15/43 | &nbsp;&nbsp; 15 | 14833 |
| Newmont Corp. |  |  |
| 2.25%, 10/01/30 | &nbsp;&nbsp; 27 | 25032 |
| 2.60%, 07/15/32 | &nbsp;&nbsp; 5 | 4589 |
| 4.88%, 03/15/42 | &nbsp;&nbsp; 2 | 1942 |
| 5.45%, 06/09/44 | &nbsp;&nbsp; 5 | 5070 |
| Newmont Corp./Newcrest Finance Pty. Ltd., 3.25%, <br> 05/13/30<br>| &nbsp;&nbsp; 10 | 9731 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| Rio Tinto Alcan, Inc. |  |  |
| 5.75%, 06/01/35 | &nbsp;&nbsp; $5 | $5388 |
| 6.13%, 12/15/33 | &nbsp;&nbsp; 10 | 11034 |
| 7.25%, 03/15/31 | &nbsp;&nbsp; 10 | 11435 |
| Rio Tinto Finance USA PLC |  |  |
| 5.00%, 03/09/33 | &nbsp;&nbsp; 15 | 15562 |
| 5.13%, 03/09/53 | &nbsp;&nbsp; 5 | 4741 |
| Southern Copper Corp., 5.25%, 11/08/42 | &nbsp;&nbsp; 10 | 9772 |
| Yamana Gold, Inc., 2.63%, 08/15/31 | &nbsp;&nbsp; 10 | 9147 |
|  |  | 281532 |
| **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** |
| CDW LLC/CDW Finance Corp. |  |  |
| 3.25%, 02/15/29 | &nbsp;&nbsp; 10 | 9658 |
| 3.28%, 12/01/28 | &nbsp;&nbsp; 5 | 4878 |
| 5.55%, 08/22/34 | &nbsp;&nbsp; 20 | 20137 |
|  |  | 34673 |
| **Oil & Gas — 1.2%** | **Oil & Gas — 1.2%** | **Oil & Gas — 1.2%** |
| APA Corp., 5.35%, 07/01/49 | &nbsp;&nbsp; 10 | 8681 |
| BP Capital Markets America, Inc. |  |  |
| 1.75%, 08/10/30 | &nbsp;&nbsp; 5 | 4546 |
| 2.72%, 01/12/32 | &nbsp;&nbsp; 15 | 13871 |
| 2.77%, 11/10/50 | &nbsp;&nbsp; 25 | 15876 |
| 2.94%, 06/04/51 | &nbsp;&nbsp; 5 | 3270 |
| 3.00%, 02/24/50 | &nbsp;&nbsp; 20 | 13375 |
| 3.06%, 06/17/41 | &nbsp;&nbsp; 20 | 15608 |
| 3.38%, 02/08/61 | &nbsp;&nbsp; 30 | 20084 |
| 3.63%, 04/06/30 | &nbsp;&nbsp; 25 | 24732 |
| 3.94%, 09/21/28 | &nbsp;&nbsp; 5 | 5017 |
| 4.23%, 11/06/28 | &nbsp;&nbsp; 45 | 45461 |
| BP Capital Markets PLC, 3.28%, 09/19/27 | &nbsp;&nbsp; 50 | 49711 |
| Canadian Natural Resources Ltd. |  |  |
| 2.95%, 07/15/30 | &nbsp;&nbsp; 9 | 8595 |
| 4.95%, 06/01/47 | &nbsp;&nbsp; 25 | 22727 |
| Cenovus Energy, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 10 | 9078 |
| 3.75%, 02/15/52 | &nbsp;&nbsp; 10 | 7249 |
| 4.65%, 03/20/31 | &nbsp;&nbsp; 5 | 5061 |
| 5.40%, 06/15/47 | &nbsp;&nbsp; 8 | 7545 |
| Chevron Corp. |  |  |
| 2.00%, 05/11/27 | &nbsp;&nbsp; 10 | 9814 |
| 2.24%, 05/11/30 | &nbsp;&nbsp; 30 | 28155 |
| 3.08%, 05/11/50 | &nbsp;&nbsp; 45 | 31496 |
| Chevron USA, Inc. |  |  |
| 1.02%, 08/12/27 | &nbsp;&nbsp; 20 | 19281 |
| 3.25%, 10/15/29 | &nbsp;&nbsp; 9 | 8860 |
| 3.85%, 01/15/28 | &nbsp;&nbsp; 5 | 5020 |
| 4.98%, 04/15/35 | &nbsp;&nbsp; 5 | 5189 |
| CNOOC Petroleum North America ULC, 5.88%, <br> 03/10/35<br>| &nbsp;&nbsp; 15 | 16890 |
| ConocoPhillips Co. |  |  |
| 3.80%, 03/15/52 | &nbsp;&nbsp; 25 | 18912 |
| 4.03%, 03/15/62 | &nbsp;&nbsp; 15 | 11140 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 5 | 5141 |
| 5.30%, 05/15/53 | &nbsp;&nbsp; 5 | 4744 |
| 5.50%, 01/15/55 | &nbsp;&nbsp; 10 | 9810 |
| 5.55%, 03/15/54 | &nbsp;&nbsp; 5 | 4925 |
| 5.70%, 09/15/63 | &nbsp;&nbsp; 15 | 14926 |
| 5.90%, 10/15/32 | &nbsp;&nbsp; 20 | 21966 |
| 6.95%, 04/15/29 | &nbsp;&nbsp; 5 | 5452 |
| Continental Resources, Inc./OK, 4.90%, 06/01/44 | &nbsp;&nbsp; 10 | 8239 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Coterra Energy, Inc. |  |  |
| 3.90%, 05/15/27 | &nbsp;&nbsp; $10 | $9986 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 15 | 15159 |
| Devon Energy Corp. |  |  |
| 4.50%, 01/15/30 | &nbsp;&nbsp; 15 | 15141 |
| 4.75%, 05/15/42 | &nbsp;&nbsp; 5 | 4529 |
| 5.00%, 06/15/45 | &nbsp;&nbsp; 20 | 18186 |
| 5.20%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5127 |
| 5.60%, 07/15/41 | &nbsp;&nbsp; 15 | 15029 |
| 5.88%, 06/15/28 | &nbsp;&nbsp; 5 | 5004 |
| Diamondback Energy, Inc. |  |  |
| 3.13%, 03/24/31 | &nbsp;&nbsp; 10 | 9485 |
| 3.50%, 12/01/29 | &nbsp;&nbsp; 10 | 9785 |
| 4.40%, 03/24/51<sup>(a)</sup> | &nbsp;&nbsp; 10 | 8264 |
| 5.40%, 04/18/34 | &nbsp;&nbsp; 25 | 25999 |
| 5.90%, 04/18/64 | &nbsp;&nbsp; 15 | 14696 |
| 6.25%, 03/15/33 | &nbsp;&nbsp; 5 | 5463 |
| EOG Resources, Inc. |  |  |
| 3.90%, 04/01/35 | &nbsp;&nbsp; 5 | 4720 |
| 4.38%, 04/15/30 | &nbsp;&nbsp; 10 | 10139 |
| 4.95%, 04/15/50 | &nbsp;&nbsp; 15 | 13631 |
| EQT Corp. |  |  |
| 3.90%, 10/01/27 | &nbsp;&nbsp; 20 | 19960 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 5 | 5096 |
| 7.00%, 02/01/30 | &nbsp;&nbsp; 5 | 5472 |
| Equinor ASA |  |  |
| 2.38%, 05/22/30 | &nbsp;&nbsp; 10 | 9393 |
| 3.13%, 04/06/30 | &nbsp;&nbsp; 15 | 14546 |
| 3.25%, 11/18/49 | &nbsp;&nbsp; 20 | 14293 |
| 3.70%, 04/06/50 | &nbsp;&nbsp; 30 | 23186 |
| Exxon Mobil Corp. |  |  |
| 2.44%, 08/16/29 | &nbsp;&nbsp; 25 | 24064 |
| 2.61%, 10/15/30 | &nbsp;&nbsp; 25 | 23710 |
| 3.10%, 08/16/49 | &nbsp;&nbsp; 25 | 17505 |
| 3.45%, 04/15/51 | &nbsp;&nbsp; 39 | 28656 |
| 3.48%, 03/19/30 | &nbsp;&nbsp; 10 | 9870 |
| 4.11%, 03/01/46 | &nbsp;&nbsp; 15 | 12791 |
| 4.23%, 03/19/40 | &nbsp;&nbsp; 20 | 18634 |
| 4.33%, 03/19/50 | &nbsp;&nbsp; 20 | 17143 |
| Helmerich & Payne, Inc. |  |  |
| 2.90%, 09/29/31 | &nbsp;&nbsp; 10 | 9162 |
| 4.85%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5091 |
| Hess Corp. |  |  |
| 5.60%, 02/15/41 | &nbsp;&nbsp; 15 | 15766 |
| 5.80%, 04/01/47 | &nbsp;&nbsp; 10 | 10472 |
| 7.30%, 08/15/31 | &nbsp;&nbsp; 15 | 17323 |
| HF Sinclair Corp., 4.50%, 10/01/30 | &nbsp;&nbsp; 5 | 4979 |
| Marathon Petroleum Corp. |  |  |
| 4.75%, 09/15/44 | &nbsp;&nbsp; 5 | 4415 |
| 5.00%, 09/15/54<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4318 |
| 6.50%, 03/01/41 | &nbsp;&nbsp; 15 | 16395 |
| Occidental Petroleum Corp. |  |  |
| 4.20%, 03/15/48 | &nbsp;&nbsp; 5 | 3878 |
| 4.40%, 04/15/46 | &nbsp;&nbsp; 15 | 12278 |
| 6.13%, 01/01/31 | &nbsp;&nbsp; 5 | 5378 |
| 6.20%, 03/15/40 | &nbsp;&nbsp; 5 | 5222 |
| 6.60%, 03/15/46 | &nbsp;&nbsp; 10 | 10631 |
| 7.50%, 05/01/31 | &nbsp;&nbsp; 5 | 5697 |
| 7.95%, 06/15/39 | &nbsp;&nbsp; 10 | 12074 |
| Ovintiv, Inc. |  |  |
| 5.65%, 05/15/28 | &nbsp;&nbsp; 15 | 15539 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 6.25%, 07/15/33 | &nbsp;&nbsp; $5 | $5393 |
| 6.50%, 08/15/34 | &nbsp;&nbsp; 5 | 5481 |
| 6.50%, 02/01/38 | &nbsp;&nbsp; 10 | 10812 |
| Phillips 66 |  |  |
| 2.15%, 12/15/30 | &nbsp;&nbsp; 11 | 10037 |
| 3.30%, 03/15/52 | &nbsp;&nbsp; 5 | 3356 |
| 3.90%, 03/15/28 | &nbsp;&nbsp; 15 | 14984 |
| 4.65%, 11/15/34 | &nbsp;&nbsp; 10 | 9923 |
| 5.88%, 05/01/42 | &nbsp;&nbsp; 15 | 15426 |
| Phillips 66 Co. |  |  |
| 4.68%, 02/15/45 | &nbsp;&nbsp; 5 | 4366 |
| 4.95%, 12/01/27 | &nbsp;&nbsp; 25 | 25423 |
| 5.25%, 06/15/31 | &nbsp;&nbsp; 5 | 5224 |
| 5.30%, 06/30/33 | &nbsp;&nbsp; 15 | 15586 |
| Series B, 6.20%, 03/15/56, (5-year CMT + 2.17%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25328 |
| Pioneer Natural Resources Co., 1.90%, 08/15/30 | &nbsp;&nbsp; 30 | 27515 |
| Shell Finance U.S., Inc. |  |  |
| 2.38%, 11/07/29 | &nbsp;&nbsp; 10 | 9508 |
| 2.75%, 04/06/30 | &nbsp;&nbsp; 20 | 19121 |
| 3.00%, 11/26/51<sup>(d)</sup> | &nbsp;&nbsp; 15 | 9923 |
| 3.13%, 11/07/49<sup>(d)</sup> | &nbsp;&nbsp; 5 | 3453 |
| 3.25%, 04/06/50 | &nbsp;&nbsp; 20 | 14096 |
| 3.75%, 09/12/46 | &nbsp;&nbsp; 30 | 23804 |
| 3.88%, 11/13/28<sup>(d)</sup> | &nbsp;&nbsp; 8 | 8038 |
| 4.75%, 01/06/36 | &nbsp;&nbsp; 5 | 5058 |
| 5.50%, 03/25/40<sup>(d)</sup> | &nbsp;&nbsp; 10 | 10421 |
| 6.38%, 12/15/38<sup>(d)</sup> | &nbsp;&nbsp; 10 | 11340 |
| Shell International Finance BV, 2.75%, 04/06/30 | &nbsp;&nbsp; 5 | 4781 |
| Suncor Energy, Inc., 4.00%, 11/15/47 | &nbsp;&nbsp; 25 | 19574 |
| TotalEnergies Capital International SA |  |  |
| 2.83%, 01/10/30 | &nbsp;&nbsp; 10 | 9664 |
| 2.99%, 06/29/41 | &nbsp;&nbsp; 10 | 7716 |
| 3.13%, 05/29/50 | &nbsp;&nbsp; 50 | 34298 |
| 3.39%, 06/29/60 | &nbsp;&nbsp; 5 | 3323 |
| 3.46%, 02/19/29 | &nbsp;&nbsp; 20 | 19833 |
| 3.46%, 07/12/49 | &nbsp;&nbsp; 15 | 11044 |
| TotalEnergies Capital SA, 3.88%, 10/11/28 | &nbsp;&nbsp; 15 | 15077 |
| TotalEnergies Capital USA LLC, 4.25%, 01/13/31 | &nbsp;&nbsp; 5 | 5043 |
| Valero Energy Corp. |  |  |
| 2.15%, 09/15/27 | &nbsp;&nbsp; 15 | 14602 |
| 2.80%, 12/01/31 | &nbsp;&nbsp; 25 | 23106 |
| 3.65%, 12/01/51 | &nbsp;&nbsp; 25 | 17810 |
| 6.63%, 06/15/37 | &nbsp;&nbsp; 5 | 5613 |
|  |  | 1588827 |
| **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** |
| Baker Hughes Holdings LLC, 5.13%, 09/15/40 | &nbsp;&nbsp; 15 | 14918 |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc.<br>|  |  |
| 3.34%, 12/15/27 | &nbsp;&nbsp; 5 | 4959 |
| 4.08%, 12/15/47 | &nbsp;&nbsp; 25 | 20305 |
| Halliburton Co. |  |  |
| 2.92%, 03/01/30 | &nbsp;&nbsp; 20 | 19161 |
| 4.75%, 08/01/43 | &nbsp;&nbsp; 5 | 4540 |
| 4.85%, 11/15/35 | &nbsp;&nbsp; 10 | 9997 |
| NOV, Inc., 3.60%, 12/01/29 | &nbsp;&nbsp; 10 | 9805 |
|  |  | 83685 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Amcor Finance USA, Inc., 5.63%, 05/26/33 | &nbsp;&nbsp; 10 | 10609 |
| Amcor Flexibles North America, Inc., 2.69%, 05/25/31 | &nbsp;&nbsp; 20 | 18477 |
| AptarGroup, Inc., 3.60%, 03/15/32 | &nbsp;&nbsp; 20 | 19081 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| Packaging Corp. of America |  |  |
| 3.00%, 12/15/29 | &nbsp;&nbsp; $15 | $14453 |
| 3.05%, 10/01/51 | &nbsp;&nbsp; 20 | 13233 |
| 3.40%, 12/15/27 | &nbsp;&nbsp; 10 | 9918 |
| Sonoco Products Co. |  |  |
| 2.85%, 02/01/32 | &nbsp;&nbsp; 15 | 13761 |
| 3.13%, 05/01/30 | &nbsp;&nbsp; 5 | 4776 |
| WRKCo, Inc. |  |  |
| 3.00%, 06/15/33 | &nbsp;&nbsp; 10 | 9024 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 5 | 5007 |
|  |  | 118339 |
| **Pharmaceuticals — 1.5%** | **Pharmaceuticals — 1.5%** | **Pharmaceuticals — 1.5%** |
| AbbVie, Inc. |  |  |
| 3.20%, 11/21/29 | &nbsp;&nbsp; 30 | 29302 |
| 4.05%, 11/21/39 | &nbsp;&nbsp; 30 | 27141 |
| 4.25%, 11/14/28 | &nbsp;&nbsp; 20 | 20240 |
| 4.40%, 11/06/42 | &nbsp;&nbsp; 25 | 22654 |
| 4.45%, 05/14/46 | &nbsp;&nbsp; 20 | 17724 |
| 4.55%, 03/15/35 | &nbsp;&nbsp; 15 | 14928 |
| 4.63%, 10/01/42 | &nbsp;&nbsp; 10 | 9342 |
| 4.70%, 05/14/45 | &nbsp;&nbsp; 25 | 22914 |
| 4.75%, 03/15/45 | &nbsp;&nbsp; 15 | 13909 |
| 4.85%, 06/15/44 | &nbsp;&nbsp; 10 | 9403 |
| 4.88%, 11/14/48 | &nbsp;&nbsp; 15 | 13843 |
| 5.05%, 03/15/34 | &nbsp;&nbsp; 10 | 10380 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 10 | 10417 |
| 5.40%, 03/15/54 | &nbsp;&nbsp; 25 | 24548 |
| Astrazeneca Finance LLC |  |  |
| 2.25%, 05/28/31 | &nbsp;&nbsp; 5 | 4582 |
| 4.88%, 03/03/33 | &nbsp;&nbsp; 5 | 5197 |
| 4.90%, 03/03/30 | &nbsp;&nbsp; 5 | 5177 |
| AstraZeneca PLC |  |  |
| 1.38%, 08/06/30 | &nbsp;&nbsp; 15 | 13458 |
| 3.13%, 06/12/27 | &nbsp;&nbsp; 5 | 4970 |
| 4.00%, 01/17/29 | &nbsp;&nbsp; 20 | 20134 |
| 4.00%, 09/18/42 | &nbsp;&nbsp; 30 | 26149 |
| 6.45%, 09/15/37 | &nbsp;&nbsp; 30 | 34366 |
| Becton Dickinson & Co. |  |  |
| 1.96%, 02/11/31 | &nbsp;&nbsp; 20 | 17986 |
| 3.70%, 06/06/27 | &nbsp;&nbsp; 20 | 19932 |
| 3.79%, 05/20/50 | &nbsp;&nbsp; 10 | 7700 |
| 4.69%, 02/13/28 | &nbsp;&nbsp; 5 | 5065 |
| Bristol-Myers Squibb Co. |  |  |
| 1.13%, 11/13/27 | &nbsp;&nbsp; 15 | 14391 |
| 1.45%, 11/13/30 | &nbsp;&nbsp; 5 | 4467 |
| 2.55%, 11/13/50 | &nbsp;&nbsp; 30 | 18094 |
| 2.95%, 03/15/32 | &nbsp;&nbsp; 5 | 4671 |
| 3.55%, 03/15/42 | &nbsp;&nbsp; 30 | 24636 |
| 3.70%, 03/15/52 | &nbsp;&nbsp; 25 | 18651 |
| 3.90%, 03/15/62 | &nbsp;&nbsp; 5 | 3674 |
| 4.13%, 06/15/39 | &nbsp;&nbsp; 15 | 13795 |
| 4.25%, 10/26/49 | &nbsp;&nbsp; 35 | 29105 |
| 4.35%, 11/15/47 | &nbsp;&nbsp; 25 | 21408 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 20 | 18281 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 8 | 8777 |
| Cardinal Health, Inc. |  |  |
| 4.37%, 06/15/47 | &nbsp;&nbsp; 5 | 4221 |
| 4.50%, 11/15/44 | &nbsp;&nbsp; 5 | 4361 |
| 4.60%, 03/15/43 | &nbsp;&nbsp; 5 | 4491 |
| 4.90%, 09/15/45 | &nbsp;&nbsp; 5 | 4579 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| Cencora, Inc. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; $10 | $9321 |
| 4.30%, 12/15/47 | &nbsp;&nbsp; 10 | 8608 |
| CVS Health Corp. |  |  |
| 1.30%, 08/21/27 | &nbsp;&nbsp; 40 | 38515 |
| 3.25%, 08/15/29 | &nbsp;&nbsp; 5 | 4862 |
| 3.75%, 04/01/30 | &nbsp;&nbsp; 5 | 4920 |
| 4.13%, 04/01/40 | &nbsp;&nbsp; 20 | 17369 |
| 5.05%, 03/25/48 | &nbsp;&nbsp; 60 | 53483 |
| 5.13%, 02/21/30 | &nbsp;&nbsp; 5 | 5155 |
| 5.13%, 07/20/45 | &nbsp;&nbsp; 35 | 31996 |
| 5.25%, 02/21/33 | &nbsp;&nbsp; 20 | 20746 |
| 5.45%, 09/15/35 | &nbsp;&nbsp; 10 | 10310 |
| 5.63%, 02/21/53 | &nbsp;&nbsp; 15 | 14275 |
| 5.70%, 06/01/34 | &nbsp;&nbsp; 20 | 21092 |
| 6.00%, 06/01/63 | &nbsp;&nbsp; 5 | 4886 |
| Eli Lilly & Co. |  |  |
| 2.25%, 05/15/50 | &nbsp;&nbsp; 35 | 20454 |
| 3.70%, 03/01/45 | &nbsp;&nbsp; 10 | 8123 |
| 4.15%, 03/15/59 | &nbsp;&nbsp; 5 | 4023 |
| 4.70%, 02/27/33 | &nbsp;&nbsp; 5 | 5144 |
| 4.70%, 02/09/34 | &nbsp;&nbsp; 40 | 41008 |
| 4.88%, 02/27/53 | &nbsp;&nbsp; 5 | 4603 |
| 4.95%, 02/27/63 | &nbsp;&nbsp; 10 | 9083 |
| 5.50%, 03/15/27 | &nbsp;&nbsp; 50 | 50968 |
| 5.55%, 03/15/37 | &nbsp;&nbsp; 15 | 16270 |
| GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 | &nbsp;&nbsp; 10 | 9861 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 3.88%, 05/15/28 | &nbsp;&nbsp; 5 | 5022 |
| 4.20%, 03/18/43 | &nbsp;&nbsp; 10 | 8965 |
| 6.38%, 05/15/38 | &nbsp;&nbsp; 5 | 5703 |
| Johnson & Johnson |  |  |
| 0.95%, 09/01/27 | &nbsp;&nbsp; 40 | 38519 |
| 1.30%, 09/01/30 | &nbsp;&nbsp; 15 | 13539 |
| 2.45%, 09/01/60 | &nbsp;&nbsp; 5 | 2797 |
| 2.90%, 01/15/28 | &nbsp;&nbsp; 20 | 19798 |
| 2.95%, 03/03/27 | &nbsp;&nbsp; 5 | 4971 |
| 3.40%, 01/15/38 | &nbsp;&nbsp; 10 | 8915 |
| 3.55%, 03/01/36 | &nbsp;&nbsp; 5 | 4658 |
| 3.63%, 03/03/37 | &nbsp;&nbsp; 15 | 13811 |
| 3.70%, 03/01/46 | &nbsp;&nbsp; 30 | 24640 |
| 4.38%, 12/05/33 | &nbsp;&nbsp; 10 | 10183 |
| 5.85%, 07/15/38 | &nbsp;&nbsp; 10 | 11136 |
| 5.95%, 08/15/37 | &nbsp;&nbsp; 10 | 11219 |
| 6.95%, 09/01/29 | &nbsp;&nbsp; 5 | 5534 |
| McKesson Corp., 5.10%, 07/15/33 | &nbsp;&nbsp; 10 | 10440 |
| Mead Johnson Nutrition Co., 4.60%, 06/01/44 | &nbsp;&nbsp; 10 | 9103 |
| Merck & Co., Inc. |  |  |
| 1.70%, 06/10/27 | &nbsp;&nbsp; 5 | 4885 |
| 2.15%, 12/10/31 | &nbsp;&nbsp; 25 | 22600 |
| 2.35%, 06/24/40 | &nbsp;&nbsp; 10 | 7317 |
| 2.45%, 06/24/50 | &nbsp;&nbsp; 20 | 11993 |
| 3.40%, 03/07/29 | &nbsp;&nbsp; 25 | 24764 |
| 3.70%, 02/10/45 | &nbsp;&nbsp; 25 | 20175 |
| 3.90%, 03/07/39 | &nbsp;&nbsp; 20 | 18177 |
| 4.00%, 03/07/49 | &nbsp;&nbsp; 15 | 12187 |
| 4.50%, 05/17/33 | &nbsp;&nbsp; 5 | 5088 |
| 5.00%, 05/17/53 | &nbsp;&nbsp; 20 | 18592 |
| 6.50%, 12/01/33 | &nbsp;&nbsp; 15 | 17093 |
| Merck Sharp & Dohme Corp., 5.95%, 12/01/28 | &nbsp;&nbsp; 25 | 26436 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| Mylan, Inc. |  |  |
| 5.20%, 04/15/48 | &nbsp;&nbsp; $10 | $8267 |
| 5.40%, 11/29/43 | &nbsp;&nbsp; 10 | 8801 |
| Novartis Capital Corp. |  |  |
| 2.20%, 08/14/30 | &nbsp;&nbsp; 5 | 4662 |
| 2.75%, 08/14/50 | &nbsp;&nbsp; 10 | 6550 |
| 3.10%, 05/17/27 | &nbsp;&nbsp; 30 | 29829 |
| 4.00%, 09/18/31 | &nbsp;&nbsp; 5 | 5016 |
| 4.00%, 11/20/45 | &nbsp;&nbsp; 18 | 15364 |
| 4.40%, 05/06/44 | &nbsp;&nbsp; 20 | 18187 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 4.45%, 05/19/28 | &nbsp;&nbsp; 5 | 5070 |
| 4.75%, 05/19/33 | &nbsp;&nbsp; 45 | 45933 |
| 5.30%, 05/19/53 | &nbsp;&nbsp; 70 | 67059 |
| Pfizer, Inc. |  |  |
| 2.55%, 05/28/40 | &nbsp;&nbsp; 15 | 11244 |
| 2.70%, 05/28/50 | &nbsp;&nbsp; 30 | 19206 |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 5 | 4964 |
| 4.00%, 03/15/49 | &nbsp;&nbsp; 25 | 20268 |
| 4.10%, 09/15/38 | &nbsp;&nbsp; 5 | 4645 |
| 4.13%, 12/15/46 | &nbsp;&nbsp; 20 | 16776 |
| 5.70%, 11/15/65 | &nbsp;&nbsp; 5 | 4969 |
| 7.20%, 03/15/39 | &nbsp;&nbsp; 30 | 36221 |
| Sanofi SA, 3.63%, 06/19/28 | &nbsp;&nbsp; 10 | 9991 |
| Takeda Pharmaceutical Co. Ltd., 3.03%, 07/09/40 | &nbsp;&nbsp; 200 | 156062 |
| Viatris, Inc. |  |  |
| 2.30%, 06/22/27 | &nbsp;&nbsp; 5 | 4875 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 10 | 9236 |
| 3.85%, 06/22/40 | &nbsp;&nbsp; 10 | 7875 |
| 4.00%, 06/22/50 | &nbsp;&nbsp; 5 | 3422 |
| Zoetis, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 15 | 13845 |
| 3.00%, 09/12/27 | &nbsp;&nbsp; 35 | 34603 |
| 3.00%, 05/15/50 | &nbsp;&nbsp; 20 | 13544 |
| 5.60%, 11/16/32 | &nbsp;&nbsp; 15 | 16063 |
|  |  | 2024945 |
| **Pipelines — 1.3%** | **Pipelines — 1.3%** | **Pipelines — 1.3%** |
| Boardwalk Pipelines LP, 3.60%, 09/01/32 | &nbsp;&nbsp; 5 | 4728 |
| Cheniere Corpus Christi Holdings LLC |  |  |
| 2.74%, 12/31/39 | &nbsp;&nbsp; 10 | 8708 |
| 3.70%, 11/15/29 | &nbsp;&nbsp; 15 | 14787 |
| 5.13%, 06/30/27 | &nbsp;&nbsp; 20 | 20191 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/32 | &nbsp;&nbsp; 15 | 13989 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 10 | 9807 |
| 4.50%, 10/01/29 | &nbsp;&nbsp; 25 | 25134 |
| 5.95%, 06/30/33 | &nbsp;&nbsp; 15 | 16081 |
| Cheniere Energy, Inc., 4.63%, 10/15/28 | &nbsp;&nbsp; 30 | 29988 |
| Columbia Pipeline Group, Inc., 5.80%, 06/01/45 | &nbsp;&nbsp; 5 | 5082 |
| DCP Midstream Operating LP |  |  |
| 3.25%, 02/15/32 | &nbsp;&nbsp; 15 | 13971 |
| 5.63%, 07/15/27 | &nbsp;&nbsp; 10 | 10185 |
| 8.13%, 08/16/30 | &nbsp;&nbsp; 5 | 5816 |
| Enbridge Energy Partners LP, 5.50%, 09/15/40 | &nbsp;&nbsp; 10 | 10122 |
| Enbridge, Inc. |  |  |
| 2.50%, 08/01/33 | &nbsp;&nbsp; 5 | 4362 |
| 3.13%, 11/15/29 | &nbsp;&nbsp; 10 | 9668 |
| 3.40%, 08/01/51 | &nbsp;&nbsp; 5 | 3494 |
| 5.55%, 06/20/35 | &nbsp;&nbsp; 5 | 5239 |
| 5.63%, 04/05/34 | &nbsp;&nbsp; 25 | 26439 |
| 6.20%, 11/15/30 | &nbsp;&nbsp; 15 | 16236 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 6.70%, 11/15/53 | &nbsp;&nbsp; $15 | $16861 |
| Energy Transfer LP |  |  |
| 4.40%, 03/15/27 | &nbsp;&nbsp; 5 | 5016 |
| 4.95%, 05/15/28 | &nbsp;&nbsp; 10 | 10189 |
| 5.00%, 05/15/50 | &nbsp;&nbsp; 15 | 12820 |
| 5.15%, 03/15/45 | &nbsp;&nbsp; 15 | 13592 |
| 5.25%, 04/15/29 | &nbsp;&nbsp; 30 | 30979 |
| 5.30%, 04/01/44 | &nbsp;&nbsp; 5 | 4664 |
| 5.30%, 04/15/47 | &nbsp;&nbsp; 15 | 13683 |
| 5.35%, 05/15/45 | &nbsp;&nbsp; 10 | 9222 |
| 5.40%, 10/01/47 | &nbsp;&nbsp; 5 | 4607 |
| 5.50%, 06/01/27 | &nbsp;&nbsp; 25 | 25380 |
| 5.55%, 05/15/34 | &nbsp;&nbsp; 20 | 20837 |
| 5.60%, 09/01/34 | &nbsp;&nbsp; 5 | 5226 |
| 6.13%, 12/15/45 | &nbsp;&nbsp; 15 | 15181 |
| 6.30%, 01/15/56 | &nbsp;&nbsp; 5 | 5055 |
| 6.40%, 12/01/30 | &nbsp;&nbsp; 20 | 21790 |
| 6.50%, 02/01/42 | &nbsp;&nbsp; 15 | 16068 |
| 6.55%, 12/01/33 | &nbsp;&nbsp; 20 | 22152 |
| 6.63%, 10/15/36 | &nbsp;&nbsp; 10 | 11171 |
| Enterprise Products Operating LLC |  |  |
| 2.80%, 01/31/30 | &nbsp;&nbsp; 25 | 23954 |
| 3.13%, 07/31/29 | &nbsp;&nbsp; 15 | 14640 |
| 3.20%, 02/15/52 | &nbsp;&nbsp; 10 | 6736 |
| 3.95%, 01/31/60 | &nbsp;&nbsp; 20 | 14886 |
| 4.15%, 10/16/28 | &nbsp;&nbsp; 5 | 5041 |
| 4.20%, 01/31/50 | &nbsp;&nbsp; 10 | 8209 |
| 4.25%, 02/15/48 | &nbsp;&nbsp; 10 | 8338 |
| 4.45%, 02/15/43 | &nbsp;&nbsp; 10 | 8955 |
| 4.85%, 08/15/42 | &nbsp;&nbsp; 10 | 9435 |
| 4.85%, 03/15/44 | &nbsp;&nbsp; 25 | 23286 |
| 4.90%, 05/15/46 | &nbsp;&nbsp; 10 | 9263 |
| 4.95%, 10/15/54 | &nbsp;&nbsp; 10 | 9039 |
| 5.10%, 02/15/45 | &nbsp;&nbsp; 10 | 9556 |
| 5.35%, 01/31/33 | &nbsp;&nbsp; 25 | 26412 |
| Kinder Morgan Energy Partners LP |  |  |
| 5.00%, 08/15/42 | &nbsp;&nbsp; 10 | 9441 |
| 5.63%, 09/01/41 | &nbsp;&nbsp; 5 | 5033 |
| 6.95%, 01/15/38 | &nbsp;&nbsp; 5 | 5767 |
| Kinder Morgan, Inc. |  |  |
| 3.60%, 02/15/51 | &nbsp;&nbsp; 15 | 10773 |
| 4.30%, 03/01/28 | &nbsp;&nbsp; 30 | 30250 |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 15 | 15265 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 15 | 15653 |
| 5.20%, 03/01/48 | &nbsp;&nbsp; 10 | 9354 |
| 5.30%, 12/01/34 | &nbsp;&nbsp; 15 | 15557 |
| 5.55%, 06/01/45 | &nbsp;&nbsp; 20 | 19762 |
| 5.85%, 06/01/35 | &nbsp;&nbsp; 5 | 5371 |
| MPLX LP |  |  |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 35 | 35017 |
| 4.13%, 03/01/27 | &nbsp;&nbsp; 25 | 25026 |
| 4.50%, 04/15/38 | &nbsp;&nbsp; 15 | 13942 |
| 4.70%, 04/15/48 | &nbsp;&nbsp; 30 | 25338 |
| 4.80%, 02/15/31 | &nbsp;&nbsp; 5 | 5104 |
| 4.95%, 03/14/52 | &nbsp;&nbsp; 15 | 12919 |
| 6.20%, 09/15/55 | &nbsp;&nbsp; 15 | 15234 |
| Northwest Pipeline LLC, 4.00%, 04/01/27 | &nbsp;&nbsp; 5 | 5001 |
| ONEOK Partners LP, 6.13%, 02/01/41 | &nbsp;&nbsp; 5 | 5260 |
| ONEOK, Inc. |  |  |
| 3.10%, 03/15/30 | &nbsp;&nbsp; 5 | 4789 |
| 3.95%, 03/01/50 | &nbsp;&nbsp; 10 | 7368 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 4.20%, 10/03/47 | &nbsp;&nbsp; $10 | $7891 |
| 4.25%, 09/15/46 | &nbsp;&nbsp; 10 | 7986 |
| 4.55%, 07/15/28 | &nbsp;&nbsp; 30 | 30329 |
| 5.05%, 11/01/34 | &nbsp;&nbsp; 25 | 25089 |
| 5.20%, 07/15/48 | &nbsp;&nbsp; 15 | 13640 |
| 5.45%, 06/01/47 | &nbsp;&nbsp; 5 | 4718 |
| 5.80%, 11/01/30 | &nbsp;&nbsp; 15 | 15899 |
| 6.05%, 09/01/33 | &nbsp;&nbsp; 40 | 42958 |
| 6.10%, 11/15/32 | &nbsp;&nbsp; 10 | 10795 |
| 6.63%, 09/01/53 | &nbsp;&nbsp; 5 | 5301 |
| 7.15%, 01/15/51 | &nbsp;&nbsp; 5 | 5621 |
| Plains All American Pipeline LP/PAA Finance Corp. |  |  |
| 3.55%, 12/15/29 | &nbsp;&nbsp; 10 | 9801 |
| 3.80%, 09/15/30 | &nbsp;&nbsp; 15 | 14723 |
| 4.30%, 01/31/43 | &nbsp;&nbsp; 10 | 8411 |
| 4.70%, 06/15/44 | &nbsp;&nbsp; 5 | 4362 |
| 4.90%, 02/15/45 | &nbsp;&nbsp; 10 | 8927 |
| 6.65%, 01/15/37 | &nbsp;&nbsp; 10 | 11054 |
| Sabine Pass Liquefaction LLC |  |  |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 40 | 40150 |
| 4.50%, 05/15/30 | &nbsp;&nbsp; 5 | 5055 |
| 5.00%, 03/15/27 | &nbsp;&nbsp; 35 | 35163 |
| Spectra Energy Partners LP |  |  |
| 4.50%, 03/15/45 | &nbsp;&nbsp; 5 | 4330 |
| 5.95%, 09/25/43 | &nbsp;&nbsp; 20 | 20671 |
| Targa Resources Corp. |  |  |
| 4.20%, 02/01/33 | &nbsp;&nbsp; 25 | 24290 |
| 5.20%, 07/01/27 | &nbsp;&nbsp; 10 | 10160 |
| 6.13%, 03/15/33 | &nbsp;&nbsp; 5 | 5409 |
| 6.15%, 03/01/29 | &nbsp;&nbsp; 20 | 21150 |
| 6.25%, 07/01/52 | &nbsp;&nbsp; 15 | 15354 |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp.<br>|  |  |
| 4.00%, 01/15/32 | &nbsp;&nbsp; 15 | 14566 |
| 4.88%, 02/01/31 | &nbsp;&nbsp; 10 | 10125 |
| 5.00%, 01/15/28 | &nbsp;&nbsp; 10 | 10003 |
| TC PipeLines LP, 3.90%, 05/25/27 | &nbsp;&nbsp; 20 | 19964 |
| Tennessee Gas Pipeline Co. LLC, 7.00%, 03/15/27 | &nbsp;&nbsp; 25 | 25792 |
| TransCanada PipeLines Ltd. |  |  |
| 4.10%, 04/15/30 | &nbsp;&nbsp; 15 | 14975 |
| 4.25%, 05/15/28 | &nbsp;&nbsp; 5 | 5027 |
| 4.63%, 03/01/34 | &nbsp;&nbsp; 20 | 19867 |
| 5.10%, 03/15/49 | &nbsp;&nbsp; 5 | 4770 |
| 6.20%, 10/15/37 | &nbsp;&nbsp; 10 | 10881 |
| 7.00%, 06/01/65, (5-year CMT + 2.61%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 26005 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| 3.25%, 05/15/30 | &nbsp;&nbsp; 15 | 14515 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 25 | 25030 |
| 4.60%, 03/15/48 | &nbsp;&nbsp; 10 | 8758 |
| Western Midstream Operating LP |  |  |
| 4.05%, 02/01/30 | &nbsp;&nbsp; 10 | 9877 |
| 4.50%, 03/01/28 | &nbsp;&nbsp; 5 | 5038 |
| 5.30%, 03/01/48 | &nbsp;&nbsp; 15 | 13241 |
| 5.50%, 08/15/48 | &nbsp;&nbsp; 5 | 4518 |
| Williams Companies, Inc.(The) |  |  |
| 2.60%, 03/15/31 | &nbsp;&nbsp; 30 | 27743 |
| 3.50%, 11/15/30 | &nbsp;&nbsp; 5 | 4845 |
| 3.75%, 06/15/27 | &nbsp;&nbsp; 10 | 9978 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 20 | 20512 |
| 5.10%, 09/15/45 | &nbsp;&nbsp; 15 | 14027 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 20 | 20496 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 5.65%, 03/15/33 | &nbsp;&nbsp; $5 | $5289 |
| 5.75%, 06/24/44 | &nbsp;&nbsp; 10 | 10135 |
| 5.95%, 03/15/56 | &nbsp;&nbsp; 5 | 5076 |
| 6.30%, 04/15/40 | &nbsp;&nbsp; 10 | 10904 |
|  |  | 1774688 |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| CBRE Services, Inc., 2.50%, 04/01/31 | &nbsp;&nbsp; 10 | 9134 |
| **Real Estate Investment Trusts — 1.0%** | **Real Estate Investment Trusts — 1.0%** | **Real Estate Investment Trusts — 1.0%** |
| Agree LP, 2.00%, 06/15/28 | &nbsp;&nbsp; 15 | 14384 |
| Alexandria Real Estate Equities, Inc. |  |  |
| 1.88%, 02/01/33 | &nbsp;&nbsp; 10 | 8308 |
| 2.00%, 05/18/32 | &nbsp;&nbsp; 10 | 8583 |
| 4.90%, 12/15/30 | &nbsp;&nbsp; 10 | 10209 |
| 5.15%, 04/15/53 | &nbsp;&nbsp; 25 | 22612 |
| American Assets Trust LP, 3.38%, 02/01/31 | &nbsp;&nbsp; 5 | 4601 |
| American Homes 4 Rent LP |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 5 | 4502 |
| 4.25%, 02/15/28 | &nbsp;&nbsp; 5 | 5010 |
| 4.30%, 04/15/52 | &nbsp;&nbsp; 15 | 11823 |
| American Tower Corp. |  |  |
| 2.90%, 01/15/30 | &nbsp;&nbsp; 20 | 19104 |
| 2.95%, 01/15/51 | &nbsp;&nbsp; 5 | 3230 |
| 3.10%, 06/15/50 | &nbsp;&nbsp; 10 | 6709 |
| 3.55%, 07/15/27 | &nbsp;&nbsp; 20 | 19888 |
| 3.80%, 08/15/29 | &nbsp;&nbsp; 5 | 4952 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 5 | 4982 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 25 | 26155 |
| 5.55%, 07/15/33 | &nbsp;&nbsp; 5 | 5276 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 5 | 5393 |
| AvalonBay Communities, Inc. |  |  |
| 2.05%, 01/15/32 | &nbsp;&nbsp; 5 | 4446 |
| 3.20%, 01/15/28 | &nbsp;&nbsp; 5 | 4961 |
| 3.90%, 10/15/46 | &nbsp;&nbsp; 15 | 12221 |
| Boston Properties LP |  |  |
| 2.45%, 10/01/33 | &nbsp;&nbsp; 11 | 9102 |
| 3.25%, 01/30/31 | &nbsp;&nbsp; 25 | 23545 |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 15 | 15126 |
| Brixmor Operating Partnership LP |  |  |
| 2.50%, 08/16/31 | &nbsp;&nbsp; 5 | 4541 |
| 3.90%, 03/15/27 | &nbsp;&nbsp; 10 | 9987 |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 5 | 4955 |
| Broadstone Net Lease LLC, 2.60%, 09/15/31 | &nbsp;&nbsp; 5 | 4484 |
| Camden Property Trust |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 10 | 9505 |
| 3.35%, 11/01/49 | &nbsp;&nbsp; 10 | 7188 |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/29 | &nbsp;&nbsp; 5 | 4721 |
| 2.75%, 04/15/31 | &nbsp;&nbsp; 5 | 4617 |
| Crown Castle, Inc. |  |  |
| 2.10%, 04/01/31 | &nbsp;&nbsp; 10 | 8921 |
| 2.50%, 07/15/31 | &nbsp;&nbsp; 5 | 4520 |
| 2.90%, 03/15/27 | &nbsp;&nbsp; 5 | 4945 |
| 3.30%, 07/01/30 | &nbsp;&nbsp; 5 | 4787 |
| 4.00%, 11/15/49 | &nbsp;&nbsp; 5 | 3849 |
| 4.15%, 07/01/50 | &nbsp;&nbsp; 5 | 3969 |
| 4.30%, 02/15/29 | &nbsp;&nbsp; 5 | 5021 |
| 4.75%, 05/15/47 | &nbsp;&nbsp; 5 | 4390 |
| 5.10%, 05/01/33 | &nbsp;&nbsp; 5 | 5098 |
| 5.20%, 02/15/49 | &nbsp;&nbsp; 5 | 4582 |
| 5.80%, 03/01/34 | &nbsp;&nbsp; 10 | 10600 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| CubeSmart LP, 4.38%, 02/15/29 | &nbsp;&nbsp; $10 | $10082 |
| Digital Realty Trust LP |  |  |
| 3.70%, 08/15/27 | &nbsp;&nbsp; 20 | 19926 |
| 4.45%, 07/15/28 | &nbsp;&nbsp; 15 | 15148 |
| Equinix, Inc. |  |  |
| 1.80%, 07/15/27 | &nbsp;&nbsp; 10 | 9713 |
| 2.15%, 07/15/30 | &nbsp;&nbsp; 10 | 9148 |
| 2.95%, 09/15/51 | &nbsp;&nbsp; 10 | 6344 |
| 3.20%, 11/18/29 | &nbsp;&nbsp; 5 | 4832 |
| 3.40%, 02/15/52 | &nbsp;&nbsp; 5 | 3458 |
| 3.90%, 04/15/32 | &nbsp;&nbsp; 15 | 14523 |
| ERP Operating LP |  |  |
| 3.25%, 08/01/27 | &nbsp;&nbsp; 40 | 39707 |
| 4.00%, 08/01/47 | &nbsp;&nbsp; 5 | 4110 |
| Essential Properties LP, 2.95%, 07/15/31 | &nbsp;&nbsp; 5 | 4610 |
| Essex Portfolio LP |  |  |
| 2.65%, 09/01/50 | &nbsp;&nbsp; 15 | 9092 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 15 | 14370 |
| Extra Space Storage LP |  |  |
| 2.55%, 06/01/31 | &nbsp;&nbsp; 5 | 4569 |
| 3.88%, 12/15/27 | &nbsp;&nbsp; 30 | 29971 |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 10 | 9970 |
| 5.50%, 07/01/30 | &nbsp;&nbsp; 5 | 5228 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 4.00%, 01/15/30 | &nbsp;&nbsp; 5 | 4881 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 10 | 9633 |
| 5.30%, 01/15/29 | &nbsp;&nbsp; 5 | 5103 |
| 5.75%, 06/01/28 | &nbsp;&nbsp; 5 | 5126 |
| 6.75%, 12/01/33 | &nbsp;&nbsp; 5 | 5412 |
| Healthcare Realty Holdings LP, 3.10%, 02/15/30 | &nbsp;&nbsp; 14 | 13403 |
| Healthpeak OP LLC |  |  |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 20 | 19132 |
| 6.75%, 02/01/41 | &nbsp;&nbsp; 5 | 5561 |
| Highwoods Realty LP |  |  |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 5 | 4709 |
| 3.88%, 03/01/27 | &nbsp;&nbsp; 10 | 9956 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 5 | 4969 |
| Host Hotels & Resorts LP |  |  |
| Series H, 3.38%, 12/15/29 | &nbsp;&nbsp; 15 | 14531 |
| Series J, 2.90%, 12/15/31 | &nbsp;&nbsp; 5 | 4567 |
| Invitation Homes Operating Partnership LP |  |  |
| 2.30%, 11/15/28 | &nbsp;&nbsp; 10 | 9514 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 5 | 4867 |
| Kilroy Realty LP |  |  |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 5 | 4648 |
| 4.25%, 08/15/29 | &nbsp;&nbsp; 5 | 4912 |
| 6.25%, 01/15/36 | &nbsp;&nbsp; 25 | 25497 |
| Kimco Realty OP LLC |  |  |
| 3.70%, 10/01/49 | &nbsp;&nbsp; 16 | 12250 |
| 4.45%, 09/01/47 | &nbsp;&nbsp; 10 | 8707 |
| 4.60%, 02/01/33 | &nbsp;&nbsp; 5 | 5045 |
| LXP Industrial Trust |  |  |
| 2.38%, 10/01/31 | &nbsp;&nbsp; 5 | 4436 |
| 2.70%, 09/15/30 | &nbsp;&nbsp; 10 | 9274 |
| Mid-America Apartments LP |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 5 | 4443 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 15 | 15006 |
| National Health Investors, Inc., 3.00%, 02/01/31 | &nbsp;&nbsp; 5 | 4587 |
| NNN REIT, Inc. |  |  |
| 3.10%, 04/15/50 | &nbsp;&nbsp; 5 | 3333 |
| 3.50%, 04/15/51 | &nbsp;&nbsp; 25 | 18065 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.30%, 10/15/28 | &nbsp;&nbsp; $15 | $15102 |
| Omega Healthcare Investors, Inc., 3.38%, 02/01/31 | &nbsp;&nbsp; 5 | 4716 |
| Piedmont Operating Partnership LP, 3.15%, 08/15/30 | &nbsp;&nbsp; 5 | 4640 |
| Prologis LP |  |  |
| 1.25%, 10/15/30 | &nbsp;&nbsp; 25 | 22111 |
| 2.13%, 04/15/27 | &nbsp;&nbsp; 25 | 24554 |
| 2.13%, 10/15/50 | &nbsp;&nbsp; 5 | 2747 |
| 3.05%, 03/01/50 | &nbsp;&nbsp; 10 | 6772 |
| 4.38%, 09/15/48 | &nbsp;&nbsp; 5 | 4271 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 15 | 15219 |
| 5.25%, 06/15/53 | &nbsp;&nbsp; 5 | 4833 |
| Public Storage Operating Co. |  |  |
| 2.25%, 11/09/31 | &nbsp;&nbsp; 10 | 9049 |
| 3.09%, 09/15/27 | &nbsp;&nbsp; 50 | 49625 |
| 5.13%, 01/15/29 | &nbsp;&nbsp; 15 | 15543 |
| 5.35%, 08/01/53 | &nbsp;&nbsp; 25 | 24478 |
| Rayonier LP, 2.75%, 05/17/31 | &nbsp;&nbsp; 5 | 4575 |
| Realty Income Corp. |  |  |
| 2.70%, 02/15/32 | &nbsp;&nbsp; 5 | 4576 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 5 | 4797 |
| 3.65%, 01/15/28 | &nbsp;&nbsp; 15 | 14950 |
| 4.00%, 07/15/29 | &nbsp;&nbsp; 15 | 15014 |
| Regency Centers LP |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 5 | 4833 |
| 4.40%, 02/01/47 | &nbsp;&nbsp; 5 | 4354 |
| 4.65%, 03/15/49 | &nbsp;&nbsp; 5 | 4439 |
| Rexford Industrial Realty LP, 2.13%, 12/01/30 | &nbsp;&nbsp; 10 | 9058 |
| Sabra Health Care LP |  |  |
| 3.20%, 12/01/31 | &nbsp;&nbsp; 10 | 9250 |
| 3.90%, 10/15/29 | &nbsp;&nbsp; 5 | 4924 |
| Safehold GL Holdings LLC, 2.80%, 06/15/31 | &nbsp;&nbsp; 5 | 4619 |
| Simon Property Group LP |  |  |
| 2.20%, 02/01/31 | &nbsp;&nbsp; 10 | 9126 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 10 | 8942 |
| 2.45%, 09/13/29 | &nbsp;&nbsp; 25 | 23761 |
| 3.25%, 09/13/49 | &nbsp;&nbsp; 45 | 31611 |
| Store Capital LLC, 4.50%, 03/15/28 | &nbsp;&nbsp; 15 | 15063 |
| Sun Communities Operating LP |  |  |
| 2.70%, 07/15/31 | &nbsp;&nbsp; 5 | 4589 |
| 4.20%, 04/15/32 | &nbsp;&nbsp; 5 | 4903 |
| Tanger Properties LP, 2.75%, 09/01/31 | &nbsp;&nbsp; 5 | 4574 |
| UDR, Inc. |  |  |
| 2.10%, 08/01/32 | &nbsp;&nbsp; 5 | 4356 |
| 3.20%, 01/15/30 | &nbsp;&nbsp; 20 | 19398 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 5 | 4974 |
| Ventas Realty LP |  |  |
| 4.38%, 02/01/45 | &nbsp;&nbsp; 5 | 4311 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 5 | 5102 |
| 4.88%, 04/15/49 | &nbsp;&nbsp; 5 | 4476 |
| VICI Properties LP |  |  |
| 4.75%, 02/15/28 | &nbsp;&nbsp; 5 | 5047 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 15 | 15189 |
| 5.63%, 05/15/52 | &nbsp;&nbsp; 10 | 9405 |
| Welltower OP LLC |  |  |
| 2.75%, 01/15/31 | &nbsp;&nbsp; 5 | 4701 |
| 2.80%, 06/01/31 | &nbsp;&nbsp; 5 | 4674 |
| 6.50%, 03/15/41 | &nbsp;&nbsp; 10 | 11352 |
| Weyerhaeuser Co. |  |  |
| 3.38%, 03/09/33 | &nbsp;&nbsp; 10 | 9269 |
| 4.00%, 11/15/29 | &nbsp;&nbsp; 20 | 19907 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 20 | 19844 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.00%, 03/09/52 | &nbsp;&nbsp; $5 | $3857 |
| 7.38%, 03/15/32 | &nbsp;&nbsp; 5 | 5734 |
| WP Carey, Inc., 3.85%, 07/15/29 | &nbsp;&nbsp; 15 | 14887 |
|  |  | 1380271 |
| **Retail — 0.8%** | **Retail — 0.8%** | **Retail — 0.8%** |
| AutoNation, Inc. |  |  |
| 3.85%, 03/01/32 | &nbsp;&nbsp; 10 | 9540 |
| 4.75%, 06/01/30 | &nbsp;&nbsp; 5 | 5072 |
| AutoZone, Inc. |  |  |
| 3.75%, 04/18/29 | &nbsp;&nbsp; 5 | 4962 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 10 | 9955 |
| 4.50%, 02/01/28 | &nbsp;&nbsp; 5 | 5052 |
| 4.75%, 02/01/33 | &nbsp;&nbsp; 10 | 10118 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 10 | 10375 |
| Best Buy Co., Inc. |  |  |
| 1.95%, 10/01/30 | &nbsp;&nbsp; 10 | 9039 |
| 4.45%, 10/01/28 | &nbsp;&nbsp; 5 | 5054 |
| Costco Wholesale Corp. |  |  |
| 1.38%, 06/20/27 | &nbsp;&nbsp; 20 | 19435 |
| 1.60%, 04/20/30 | &nbsp;&nbsp; 25 | 22889 |
| 1.75%, 04/20/32 | &nbsp;&nbsp; 15 | 13174 |
| 3.00%, 05/18/27 | &nbsp;&nbsp; 10 | 9936 |
| Darden Restaurants, Inc. |  |  |
| 3.85%, 05/01/27 | &nbsp;&nbsp; 15 | 14974 |
| 4.35%, 10/15/27 | &nbsp;&nbsp; 10 | 10054 |
| 6.30%, 10/10/33 | &nbsp;&nbsp; 10 | 10965 |
| Dick's Sporting Goods, Inc., 3.15%, 01/15/32 | &nbsp;&nbsp; 10 | 9289 |
| Dollar General Corp. |  |  |
| 3.50%, 04/03/30 | &nbsp;&nbsp; 5 | 4863 |
| 4.13%, 05/01/28 | &nbsp;&nbsp; 5 | 5017 |
| 4.13%, 04/03/50 | &nbsp;&nbsp; 5 | 3955 |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 5 | 5129 |
| 5.45%, 07/05/33 | &nbsp;&nbsp; 10 | 10482 |
| Dollar Tree, Inc., 4.20%, 05/15/28 | &nbsp;&nbsp; 5 | 5017 |
| Genuine Parts Co. |  |  |
| 1.88%, 11/01/30 | &nbsp;&nbsp; 5 | 4415 |
| 2.75%, 02/01/32 | &nbsp;&nbsp; 5 | 4430 |
| 6.88%, 11/01/33<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5521 |
| Home Depot, Inc.(The) |  |  |
| 2.50%, 04/15/27 | &nbsp;&nbsp; 10 | 9875 |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 20 | 19105 |
| 2.75%, 09/15/51 | &nbsp;&nbsp; 20 | 12573 |
| 2.80%, 09/14/27 | &nbsp;&nbsp; 15 | 14821 |
| 2.88%, 04/15/27 | &nbsp;&nbsp; 10 | 9914 |
| 3.13%, 12/15/49 | &nbsp;&nbsp; 20 | 13822 |
| 3.30%, 04/15/40 | &nbsp;&nbsp; 15 | 12433 |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 10 | 7165 |
| 3.50%, 09/15/56 | &nbsp;&nbsp; 5 | 3542 |
| 3.63%, 04/15/52 | &nbsp;&nbsp; 15 | 11129 |
| 3.90%, 06/15/47 | &nbsp;&nbsp; 20 | 16108 |
| 4.20%, 04/01/43 | &nbsp;&nbsp; 15 | 13209 |
| 4.25%, 04/01/46 | &nbsp;&nbsp; 25 | 21490 |
| 5.88%, 12/16/36 | &nbsp;&nbsp; 45 | 49158 |
| Lowe's Companies, Inc. |  |  |
| 1.70%, 10/15/30 | &nbsp;&nbsp; 5 | 4492 |
| 2.63%, 04/01/31 | &nbsp;&nbsp; 55 | 51009 |
| 2.80%, 09/15/41 | &nbsp;&nbsp; 5 | 3669 |
| 3.00%, 10/15/50 | &nbsp;&nbsp; 10 | 6484 |
| 3.35%, 04/01/27 | &nbsp;&nbsp; 10 | 9943 |
| 3.70%, 04/15/46 | &nbsp;&nbsp; 25 | 19297 |
| 3.75%, 04/01/32 | &nbsp;&nbsp; 5 | 4841 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 4.05%, 05/03/47 | &nbsp;&nbsp; $25 | $20105 |
| 4.25%, 04/01/52 | &nbsp;&nbsp; 25 | 19997 |
| 5.00%, 04/15/33 | &nbsp;&nbsp; 5 | 5157 |
| 5.15%, 07/01/33 | &nbsp;&nbsp; 5 | 5191 |
| McDonald's Corp. |  |  |
| 2.13%, 03/01/30 | &nbsp;&nbsp; 5 | 4667 |
| 2.63%, 09/01/29 | &nbsp;&nbsp; 10 | 9598 |
| 3.50%, 03/01/27 | &nbsp;&nbsp; 10 | 9968 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 15 | 14942 |
| 3.60%, 07/01/30 | &nbsp;&nbsp; 10 | 9883 |
| 3.63%, 09/01/49 | &nbsp;&nbsp; 15 | 11283 |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 5 | 5002 |
| 4.20%, 04/01/50 | &nbsp;&nbsp; 15 | 12358 |
| 4.60%, 09/09/32 | &nbsp;&nbsp; 5 | 5132 |
| 4.60%, 05/26/45 | &nbsp;&nbsp; 15 | 13482 |
| 4.70%, 12/09/35 | &nbsp;&nbsp; 5 | 5051 |
| 4.80%, 08/14/28 | &nbsp;&nbsp; 25 | 25575 |
| 4.88%, 12/09/45 | &nbsp;&nbsp; 10 | 9271 |
| 5.45%, 08/14/53 | &nbsp;&nbsp; 5 | 4920 |
| 5.70%, 02/01/39 | &nbsp;&nbsp; 5 | 5374 |
| O'Reilly Automotive, Inc. |  |  |
| 3.60%, 09/01/27 | &nbsp;&nbsp; 10 | 9951 |
| 4.20%, 04/01/30 | &nbsp;&nbsp; 5 | 5017 |
| 4.35%, 06/01/28 | &nbsp;&nbsp; 30 | 30271 |
| 4.70%, 06/15/32 | &nbsp;&nbsp; 10 | 10166 |
| Ross Stores, Inc., 1.88%, 04/15/31 | &nbsp;&nbsp; 5 | 4458 |
| Starbucks Corp. |  |  |
| 2.00%, 03/12/27 | &nbsp;&nbsp; 20 | 19642 |
| 2.55%, 11/15/30 | &nbsp;&nbsp; 5 | 4673 |
| 3.35%, 03/12/50 | &nbsp;&nbsp; 5 | 3521 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 5 | 4966 |
| 3.50%, 11/15/50 | &nbsp;&nbsp; 10 | 7214 |
| 3.55%, 08/15/29 | &nbsp;&nbsp; 5 | 4945 |
| 4.00%, 11/15/28 | &nbsp;&nbsp; 15 | 15039 |
| 4.50%, 11/15/48 | &nbsp;&nbsp; 5 | 4299 |
| Target Corp. |  |  |
| 2.35%, 02/15/30 | &nbsp;&nbsp; 10 | 9440 |
| 2.65%, 09/15/30 | &nbsp;&nbsp; 5 | 4727 |
| 2.95%, 01/15/52 | &nbsp;&nbsp; 15 | 9842 |
| 3.63%, 04/15/46 | &nbsp;&nbsp; 5 | 3912 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 20 | 17211 |
| 4.80%, 01/15/53<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4547 |
| 5.00%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5132 |
| TJX Companies, Inc.(The) |  |  |
| 1.15%, 05/15/28 | &nbsp;&nbsp; 5 | 4727 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 5 | 5001 |
| Tractor Supply Co., 5.25%, 05/15/33 | &nbsp;&nbsp; 5 | 5193 |
| Walmart, Inc. |  |  |
| 2.50%, 09/22/41 | &nbsp;&nbsp; 20 | 14872 |
| 3.63%, 12/15/47 | &nbsp;&nbsp; 15 | 11912 |
| 4.05%, 06/29/48 | &nbsp;&nbsp; 20 | 16906 |
| 4.15%, 09/09/32 | &nbsp;&nbsp; 5 | 5071 |
| 4.50%, 09/09/52 | &nbsp;&nbsp; 10 | 8904 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 30 | 32036 |
| 6.50%, 08/15/37 | &nbsp;&nbsp; 35 | 41068 |
| 7.55%, 02/15/30 | &nbsp;&nbsp; 30 | 34293 |
|  |  | 1098703 |
| **Semiconductors — 0.6%** | **Semiconductors — 0.6%** | **Semiconductors — 0.6%** |
| Advanced Micro Devices, Inc. |  |  |
| 3.92%, 06/01/32 | &nbsp;&nbsp; 5 | 4953 |
| 4.39%, 06/01/52 | &nbsp;&nbsp; 20 | 17101 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| Analog Devices, Inc. |  |  |
| 2.10%, 10/01/31 | &nbsp;&nbsp; $15 | $13505 |
| 2.80%, 10/01/41 | &nbsp;&nbsp; 5 | 3754 |
| 2.95%, 10/01/51 | &nbsp;&nbsp; 15 | 9918 |
| Applied Materials, Inc. |  |  |
| 4.35%, 04/01/47 | &nbsp;&nbsp; 15 | 13267 |
| 5.10%, 10/01/35 | &nbsp;&nbsp; 15 | 15602 |
| Broadcom, Inc. |  |  |
| 2.60%, 02/15/33 | &nbsp;&nbsp; 15 | 13353 |
| 3.14%, 11/15/35<sup>(d)</sup> | &nbsp;&nbsp; 40 | 34943 |
| 3.42%, 04/15/33 | &nbsp;&nbsp; 30 | 28080 |
| 3.47%, 04/15/34 | &nbsp;&nbsp; 65 | 60058 |
| 3.50%, 02/15/41 | &nbsp;&nbsp; 35 | 29011 |
| 4.00%, 04/15/29<sup>(d)</sup> | &nbsp;&nbsp; 5 | 5011 |
| 4.15%, 11/15/30 | &nbsp;&nbsp; 4 | 4014 |
| 4.30%, 11/15/32 | &nbsp;&nbsp; 5 | 4983 |
| 4.93%, 05/15/37<sup>(d)</sup> | &nbsp;&nbsp; 30 | 29989 |
| 5.00%, 04/15/30 | &nbsp;&nbsp; 5 | 5168 |
| 5.20%, 07/15/35 | &nbsp;&nbsp; 25 | 25838 |
| Intel Corp. |  |  |
| 2.00%, 08/12/31 | &nbsp;&nbsp; 5 | 4430 |
| 2.80%, 08/12/41 | &nbsp;&nbsp; 20 | 14239 |
| 3.05%, 08/12/51 | &nbsp;&nbsp; 20 | 12559 |
| 3.15%, 05/11/27 | &nbsp;&nbsp; 15 | 14853 |
| 3.25%, 11/15/49 | &nbsp;&nbsp; 25 | 16351 |
| 3.73%, 12/08/47 | &nbsp;&nbsp; 20 | 14455 |
| 3.75%, 03/25/27 | &nbsp;&nbsp; 5 | 4990 |
| 4.10%, 05/19/46 | &nbsp;&nbsp; 20 | 15526 |
| 4.10%, 05/11/47 | &nbsp;&nbsp; 20 | 15422 |
| 4.15%, 08/05/32 | &nbsp;&nbsp; 10 | 9775 |
| 4.60%, 03/25/40 | &nbsp;&nbsp; 10 | 9087 |
| 4.75%, 03/25/50 | &nbsp;&nbsp; 20 | 16648 |
| 4.80%, 10/01/41 | &nbsp;&nbsp; 15 | 13561 |
| 4.88%, 02/10/28 | &nbsp;&nbsp; 5 | 5079 |
| 4.90%, 07/29/45 | &nbsp;&nbsp; 10 | 8774 |
| KLA Corp. |  |  |
| 4.10%, 03/15/29 | &nbsp;&nbsp; 15 | 15086 |
| 4.95%, 07/15/52 | &nbsp;&nbsp; 20 | 18526 |
| 5.25%, 07/15/62 | &nbsp;&nbsp; 10 | 9422 |
| Lam Research Corp. |  |  |
| 2.88%, 06/15/50 | &nbsp;&nbsp; 15 | 9881 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 15 | 15066 |
| Marvell Technology, Inc. |  |  |
| 2.95%, 04/15/31 | &nbsp;&nbsp; 10 | 9346 |
| 5.75%, 02/15/29 | &nbsp;&nbsp; 5 | 5222 |
| Micron Technology, Inc. |  |  |
| 2.70%, 04/15/32 | &nbsp;&nbsp; 5 | 4570 |
| 3.48%, 11/01/51 | &nbsp;&nbsp; 5 | 3664 |
| 5.80%, 01/15/35 | &nbsp;&nbsp; 10 | 10708 |
| 5.88%, 02/09/33 | &nbsp;&nbsp; 5 | 5377 |
| 5.88%, 09/15/33 | &nbsp;&nbsp; 15 | 16112 |
| NVIDIA Corp. |  |  |
| 2.00%, 06/15/31 | &nbsp;&nbsp; 10 | 9103 |
| 2.85%, 04/01/30 | &nbsp;&nbsp; 15 | 14428 |
| 3.70%, 04/01/60 | &nbsp;&nbsp; 15 | 11232 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 3.13%, 02/15/42 | &nbsp;&nbsp; 10 | 7446 |
| 3.25%, 05/11/41 | &nbsp;&nbsp; 5 | 3849 |
| 5.25%, 08/19/35 | &nbsp;&nbsp; 10 | 10214 |
| QUALCOMM, Inc. |  |  |
| 1.30%, 05/20/28 | &nbsp;&nbsp; 5 | 4746 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 1.65%, 05/20/32 | &nbsp;&nbsp; $15 | $12967 |
| 2.15%, 05/20/30 | &nbsp;&nbsp; 5 | 4658 |
| 3.25%, 05/20/27<sup>(a)</sup> | &nbsp;&nbsp; 25 | 24877 |
| 4.25%, 05/20/32 | &nbsp;&nbsp; 5 | 5035 |
| 4.30%, 05/20/47 | &nbsp;&nbsp; 10 | 8475 |
| 4.65%, 05/20/35 | &nbsp;&nbsp; 30 | 30312 |
| 4.80%, 05/20/45 | &nbsp;&nbsp; 20 | 18427 |
| Skyworks Solutions, Inc., 3.00%, 06/01/31 | &nbsp;&nbsp; 5 | 4552 |
| Texas Instruments, Inc. |  |  |
| 1.75%, 05/04/30 | &nbsp;&nbsp; 10 | 9183 |
| 2.70%, 09/15/51 | &nbsp;&nbsp; 5 | 3122 |
| 3.65%, 08/16/32 | &nbsp;&nbsp; 5 | 4859 |
| 3.88%, 03/15/39 | &nbsp;&nbsp; 25 | 22609 |
| 4.15%, 05/15/48 | &nbsp;&nbsp; 7 | 5868 |
| 5.00%, 03/14/53 | &nbsp;&nbsp; 5 | 4673 |
| 5.05%, 05/18/63 | &nbsp;&nbsp; 5 | 4572 |
| 5.15%, 02/08/54 | &nbsp;&nbsp; 10 | 9617 |
|  |  | 852101 |
| **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** |
| Huntington Ingalls Industries, Inc., 3.48%, 12/01/27 | &nbsp;&nbsp; 30 | 29740 |
| **Software — 0.8%** | **Software — 0.8%** | **Software — 0.8%** |
| Adobe, Inc. |  |  |
| 4.75%, 01/17/28 | &nbsp;&nbsp; 25 | 25492 |
| 4.95%, 01/17/30 | &nbsp;&nbsp; 5 | 5169 |
| Autodesk, Inc. |  |  |
| 2.85%, 01/15/30 | &nbsp;&nbsp; 10 | 9527 |
| 3.50%, 06/15/27 | &nbsp;&nbsp; 10 | 9940 |
| Broadridge Financial Solutions, Inc. |  |  |
| 2.60%, 05/01/31 | &nbsp;&nbsp; 5 | 4532 |
| 2.90%, 12/01/29 | &nbsp;&nbsp; 10 | 9468 |
| Concentrix Corp. |  |  |
| 6.60%, 08/02/28<sup>(a)</sup> | &nbsp;&nbsp; 10 | 10036 |
| 6.85%, 08/02/33<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4816 |
| Fidelity National Information Services, Inc. |  |  |
| 3.10%, 03/01/41 | &nbsp;&nbsp; 10 | 7378 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 5 | 5080 |
| Fiserv, Inc. |  |  |
| 2.25%, 06/01/27 | &nbsp;&nbsp; 5 | 4884 |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 5 | 4639 |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 30 | 29145 |
| 4.20%, 10/01/28 | &nbsp;&nbsp; 5 | 5001 |
| 4.40%, 07/01/49 | &nbsp;&nbsp; 20 | 15836 |
| 5.25%, 08/11/35 | &nbsp;&nbsp; 5 | 5000 |
| 5.35%, 03/15/31 | &nbsp;&nbsp; 25 | 25747 |
| Intuit, Inc. |  |  |
| 1.35%, 07/15/27 | &nbsp;&nbsp; 15 | 14520 |
| 1.65%, 07/15/30 | &nbsp;&nbsp; 10 | 9027 |
| 5.50%, 09/15/53 | &nbsp;&nbsp; 5 | 4731 |
| Microsoft Corp. |  |  |
| 1.35%, 09/15/30 | &nbsp;&nbsp; 5 | 4516 |
| 2.50%, 09/15/50 | &nbsp;&nbsp; 25 | 15462 |
| 2.68%, 06/01/60 | &nbsp;&nbsp; 40 | 23199 |
| 2.92%, 03/17/52 | &nbsp;&nbsp; 35 | 23272 |
| 3.04%, 03/17/62 | &nbsp;&nbsp; 25 | 15689 |
| 3.40%, 06/15/27 | &nbsp;&nbsp; 30 | 29947 |
| 3.45%, 08/08/36 | &nbsp;&nbsp; 44 | 40633 |
| 4.10%, 02/06/37 | &nbsp;&nbsp; 10 | 9770 |
| 4.25%, 02/06/47 | &nbsp;&nbsp; 25 | 22172 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 5 | 4568 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Oracle Corp. |  |  |
| 2.88%, 03/25/31 | &nbsp;&nbsp; $35 | $31813 |
| 3.60%, 04/01/40 | &nbsp;&nbsp; 35 | 26276 |
| 3.60%, 04/01/50 | &nbsp;&nbsp; 45 | 28138 |
| 3.65%, 03/25/41 | &nbsp;&nbsp; 25 | 18568 |
| 3.85%, 04/01/60 | &nbsp;&nbsp; 30 | 18246 |
| 3.95%, 03/25/51 | &nbsp;&nbsp; 35 | 23128 |
| 4.00%, 11/15/47 | &nbsp;&nbsp; 30 | 20666 |
| 4.10%, 03/25/61 | &nbsp;&nbsp; 10 | 6403 |
| 4.13%, 05/15/45 | &nbsp;&nbsp; 35 | 25297 |
| 4.50%, 07/08/44 | &nbsp;&nbsp; 35 | 26961 |
| 5.20%, 09/26/35 | &nbsp;&nbsp; 50 | 48321 |
| 5.25%, 02/03/32 | &nbsp;&nbsp; 5 | 5018 |
| 5.50%, 08/03/35 | &nbsp;&nbsp; 10 | 9880 |
| 5.50%, 09/27/64 | &nbsp;&nbsp; 5 | 3964 |
| 5.70%, 02/04/36 | &nbsp;&nbsp; 50 | 50017 |
| 5.95%, 09/26/55 | &nbsp;&nbsp; 25 | 21983 |
| 6.10%, 09/26/65 | &nbsp;&nbsp; 15 | 12991 |
| 6.13%, 07/08/39 | &nbsp;&nbsp; 25 | 24731 |
| 6.25%, 11/09/32 | &nbsp;&nbsp; 30 | 31685 |
| 6.90%, 11/09/52 | &nbsp;&nbsp; 30 | 29629 |
| Paychex, Inc., 5.10%, 04/15/30 | &nbsp;&nbsp; 30 | 30638 |
| Roper Technologies, Inc. |  |  |
| 1.75%, 02/15/31 | &nbsp;&nbsp; 25 | 21966 |
| 2.00%, 06/30/30 | &nbsp;&nbsp; 5 | 4538 |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 25 | 23954 |
| Salesforce, Inc. |  |  |
| 1.95%, 07/15/31 | &nbsp;&nbsp; 5 | 4446 |
| 2.70%, 07/15/41 | &nbsp;&nbsp; 15 | 10661 |
| 2.90%, 07/15/51 | &nbsp;&nbsp; 20 | 12267 |
| 3.05%, 07/15/61 | &nbsp;&nbsp; 5 | 2913 |
| ServiceNow, Inc., 1.40%, 09/01/30 | &nbsp;&nbsp; 15 | 13286 |
| Synopsys, Inc. |  |  |
| 5.15%, 04/01/35 | &nbsp;&nbsp; 25 | 25529 |
| 5.70%, 04/01/55 | &nbsp;&nbsp; 5 | 4997 |
| Take-Two Interactive Software, Inc. |  |  |
| 3.70%, 04/14/27 | &nbsp;&nbsp; 5 | 4987 |
| 4.00%, 04/14/32 | &nbsp;&nbsp; 5 | 4877 |
| 4.95%, 03/28/28 | &nbsp;&nbsp; 5 | 5086 |
| VMware LLC |  |  |
| 1.80%, 08/15/28 | &nbsp;&nbsp; 15 | 14262 |
| 2.20%, 08/15/31 | &nbsp;&nbsp; 10 | 8958 |
| Workday, Inc., 3.50%, 04/01/27 | &nbsp;&nbsp; 10 | 9948 |
|  |  | 1066224 |
| **Telecommunications — 1.4%** | **Telecommunications — 1.4%** | **Telecommunications — 1.4%** |
| America Movil SAB de CV |  |  |
| 6.13%, 03/30/40 | &nbsp;&nbsp; 50 | 54378 |
| 6.38%, 03/01/35 | &nbsp;&nbsp; 10 | 11209 |
| AT&T, Inc. |  |  |
| 1.65%, 02/01/28 | &nbsp;&nbsp; 25 | 23970 |
| 2.25%, 02/01/32 | &nbsp;&nbsp; 20 | 17865 |
| 3.30%, 02/01/52 | &nbsp;&nbsp; 20 | 13236 |
| 3.50%, 09/15/53 | &nbsp;&nbsp; 55 | 37438 |
| 3.55%, 09/15/55 | &nbsp;&nbsp; 65 | 43956 |
| 3.65%, 06/01/51 | &nbsp;&nbsp; 40 | 28575 |
| 3.65%, 09/15/59 | &nbsp;&nbsp; 20 | 13450 |
| 3.80%, 12/01/57 | &nbsp;&nbsp; 44 | 30872 |
| 3.85%, 06/01/60 | &nbsp;&nbsp; 30 | 20913 |
| 4.25%, 03/01/27 | &nbsp;&nbsp; 30 | 30075 |
| 4.30%, 12/15/42 | &nbsp;&nbsp; 30 | 25829 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 30 | 30334 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 4.50%, 05/15/35 | &nbsp;&nbsp; $20 | $19501 |
| 4.55%, 03/09/49 | &nbsp;&nbsp; 15 | 12568 |
| 4.75%, 05/15/46 | &nbsp;&nbsp; 35 | 30728 |
| 4.90%, 11/01/35 | &nbsp;&nbsp; 15 | 15033 |
| 4.90%, 08/15/37 | &nbsp;&nbsp; 5 | 4932 |
| 5.25%, 03/01/37 | &nbsp;&nbsp; 30 | 30677 |
| 6.05%, 08/15/56 | &nbsp;&nbsp; 5 | 5088 |
| Bell Telephone Co. of Canada or Bell Canada, 4.46%, <br> 04/01/48<br>| &nbsp;&nbsp; 15 | 12685 |
| British Telecommunications PLC, 9.63%, 12/15/30 | &nbsp;&nbsp; 15 | 18347 |
| Cisco Systems, Inc. |  |  |
| 5.05%, 02/26/34 | &nbsp;&nbsp; 25 | 25972 |
| 5.30%, 02/26/54 | &nbsp;&nbsp; 20 | 19462 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 25 | 26249 |
| 5.90%, 02/15/39 | &nbsp;&nbsp; 15 | 16401 |
| Corning, Inc. |  |  |
| 4.70%, 03/15/37 | &nbsp;&nbsp; 20 | 19713 |
| 5.45%, 11/15/79 | &nbsp;&nbsp; 15 | 14145 |
| Deutsche Telekom International Finance BV, 8.75%, <br> 06/15/30<br>| &nbsp;&nbsp; 30 | 35166 |
| Juniper Networks, Inc. |  |  |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 10 | 9827 |
| 5.95%, 03/15/41 | &nbsp;&nbsp; 5 | 5105 |
| Motorola Solutions, Inc. |  |  |
| 2.75%, 05/24/31 | &nbsp;&nbsp; 10 | 9277 |
| 4.60%, 02/23/28 | &nbsp;&nbsp; 5 | 5055 |
| 4.60%, 05/23/29 | &nbsp;&nbsp; 5 | 5076 |
| 5.50%, 09/01/44 | &nbsp;&nbsp; 5 | 4972 |
| 5.60%, 06/01/32 | &nbsp;&nbsp; 5 | 5310 |
| Orange SA |  |  |
| 5.50%, 02/06/44 | &nbsp;&nbsp; 5 | 5059 |
| 9.00%, 03/01/31 | &nbsp;&nbsp; 15 | 18097 |
| Rogers Communications, Inc. |  |  |
| 3.20%, 03/15/27 | &nbsp;&nbsp; 25 | 24813 |
| 3.80%, 03/15/32 | &nbsp;&nbsp; 10 | 9552 |
| 4.30%, 02/15/48 | &nbsp;&nbsp; 10 | 8168 |
| 4.50%, 03/15/42 | &nbsp;&nbsp; 10 | 8719 |
| 5.00%, 02/15/29 | &nbsp;&nbsp; 15 | 15336 |
| 5.00%, 03/15/44 | &nbsp;&nbsp; 15 | 13637 |
| 7.50%, 08/15/38 | &nbsp;&nbsp; 20 | 23463 |
| Sprint Capital Corp. |  |  |
| 6.88%, 11/15/28 | &nbsp;&nbsp; 30 | 32218 |
| 8.75%, 03/15/32 | &nbsp;&nbsp; 10 | 12210 |
| Telefonica Emisiones SA, 7.05%, 06/20/36 | &nbsp;&nbsp; 55 | 62227 |
| TELUS Corp. |  |  |
| 3.40%, 05/13/32 | &nbsp;&nbsp; 5 | 4673 |
| 3.70%, 09/15/27 | &nbsp;&nbsp; 5 | 4972 |
| T-Mobile USA, Inc. |  |  |
| 2.25%, 11/15/31 | &nbsp;&nbsp; 20 | 17949 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 20 | 19244 |
| 3.00%, 02/15/41 | &nbsp;&nbsp; 15 | 11405 |
| 3.30%, 02/15/51 | &nbsp;&nbsp; 25 | 16991 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 30 | 29452 |
| 3.40%, 10/15/52 | &nbsp;&nbsp; 30 | 20437 |
| 3.50%, 04/15/31 | &nbsp;&nbsp; 25 | 24136 |
| 3.60%, 11/15/60 | &nbsp;&nbsp; 25 | 16818 |
| 3.75%, 04/15/27 | &nbsp;&nbsp; 64 | 63923 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 20 | 19844 |
| 4.50%, 04/15/50 | &nbsp;&nbsp; 30 | 25166 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 15 | 15092 |
| 5.75%, 01/15/54 | &nbsp;&nbsp; 40 | 39646 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.80%, 09/15/62 | &nbsp;&nbsp; $15 | $14960 |
| Verizon Communications, Inc. |  |  |
| 2.36%, 03/15/32 | &nbsp;&nbsp; 25 | 22306 |
| 2.55%, 03/21/31 | &nbsp;&nbsp; 34 | 31451 |
| 2.88%, 11/20/50 | &nbsp;&nbsp; 15 | 9491 |
| 3.00%, 11/20/60 | &nbsp;&nbsp; 30 | 17884 |
| 3.40%, 03/22/41 | &nbsp;&nbsp; 25 | 19893 |
| 3.55%, 03/22/51 | &nbsp;&nbsp; 50 | 36231 |
| 3.70%, 03/22/61 | &nbsp;&nbsp; 35 | 24160 |
| 3.88%, 03/01/52 | &nbsp;&nbsp; 15 | 11300 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 25 | 24466 |
| 4.50%, 08/10/33 | &nbsp;&nbsp; 35 | 34893 |
| 4.67%, 03/15/55 | &nbsp;&nbsp; 20 | 16872 |
| 4.81%, 03/15/39 | &nbsp;&nbsp; 15 | 14467 |
| 5.01%, 08/21/54 | &nbsp;&nbsp; 5 | 4458 |
| 5.05%, 05/09/33 | &nbsp;&nbsp; 20 | 20725 |
| 5.25%, 04/02/35 | &nbsp;&nbsp; 25 | 25743 |
| 5.25%, 03/16/37 | &nbsp;&nbsp; 20 | 20362 |
| 5.40%, 07/02/37 | &nbsp;&nbsp; 50 | 51350 |
| 5.85%, 09/15/35 | &nbsp;&nbsp; 20 | 21659 |
| 6.40%, 09/15/33 | &nbsp;&nbsp; 25 | 27919 |
| Vodafone Group PLC |  |  |
| 4.25%, 09/17/50 | &nbsp;&nbsp; 12 | 9629 |
| 4.88%, 06/19/49 | &nbsp;&nbsp; 5 | 4463 |
| 5.25%, 05/30/48 | &nbsp;&nbsp; 5 | 4709 |
| 6.15%, 02/27/37 | &nbsp;&nbsp; 24 | 26420 |
| 6.25%, 11/30/32 | &nbsp;&nbsp; 5 | 5495 |
|  |  | 1797942 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro, Inc. |  |  |
| 3.50%, 09/15/27 | &nbsp;&nbsp; 20 | 19862 |
| 3.90%, 11/19/29 | &nbsp;&nbsp; 10 | 9914 |
| 5.10%, 05/15/44 | &nbsp;&nbsp; 5 | 4610 |
| Mattel, Inc., 5.45%, 11/01/41 | &nbsp;&nbsp; 5 | 4735 |
|  |  | 39121 |
| **Transportation — 0.7%** | **Transportation — 0.7%** | **Transportation — 0.7%** |
| Burlington Northern Santa Fe LLC |  |  |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 40 | 39808 |
| 3.55%, 02/15/50 | &nbsp;&nbsp; 15 | 11197 |
| 5.20%, 04/15/54 | &nbsp;&nbsp; 85 | 81112 |
| 5.80%, 03/15/56 | &nbsp;&nbsp; 5 | 5201 |
| Canadian National Railway Co. |  |  |
| 3.20%, 08/02/46 | &nbsp;&nbsp; 10 | 7384 |
| 3.85%, 08/05/32 | &nbsp;&nbsp; 10 | 9787 |
| 6.20%, 06/01/36 | &nbsp;&nbsp; 5 | 5593 |
| 6.25%, 08/01/34 | &nbsp;&nbsp; 5 | 5597 |
| 6.38%, 11/15/37 | &nbsp;&nbsp; 5 | 5676 |
| 6.90%, 07/15/28 | &nbsp;&nbsp; 5 | 5345 |
| Canadian Pacific Railway Co. |  |  |
| 2.05%, 03/05/30 | &nbsp;&nbsp; 5 | 4640 |
| 2.45%, 12/02/31 | &nbsp;&nbsp; 15 | 13654 |
| 2.88%, 11/15/29 | &nbsp;&nbsp; 5 | 4826 |
| 3.10%, 12/02/51 | &nbsp;&nbsp; 25 | 17064 |
| 4.00%, 06/01/28 | &nbsp;&nbsp; 25 | 25066 |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 10 | 10150 |
| 6.13%, 09/15/2115 | &nbsp;&nbsp; 10 | 10371 |
| CSX Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 10 | 9437 |
| 2.50%, 05/15/51 | &nbsp;&nbsp; 10 | 6092 |
| 3.25%, 06/01/27 | &nbsp;&nbsp; 5 | 4969 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 3.80%, 11/01/46 | &nbsp;&nbsp; $5 | $3995 |
| 4.10%, 11/15/32 | &nbsp;&nbsp; 20 | 19921 |
| 4.30%, 03/01/48 | &nbsp;&nbsp; 5 | 4257 |
| 4.50%, 11/15/52 | &nbsp;&nbsp; 5 | 4332 |
| 4.50%, 08/01/54 | &nbsp;&nbsp; 5 | 4287 |
| 4.65%, 03/01/68 | &nbsp;&nbsp; 10 | 8392 |
| 4.75%, 11/15/48 | &nbsp;&nbsp; 5 | 4509 |
| 5.50%, 04/15/41 | &nbsp;&nbsp; 5 | 5192 |
| 6.15%, 05/01/37 | &nbsp;&nbsp; 10 | 11103 |
| Federal Express Corp. Pass-Through Trusts, Series <br> 2020-1, Class AA, 1.88%, 08/20/35<br>| &nbsp;&nbsp; 18 | 15540 |
| FedEx Corp. |  |  |
| 2.40%, 05/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5 | 4607 |
| 3.10%, 08/05/29 | &nbsp;&nbsp; 10 | 9700 |
| 4.10%, 04/15/43 | &nbsp;&nbsp; 25 | 21012 |
| 4.25%, 05/15/30 | &nbsp;&nbsp; 15 | 15135 |
| 4.75%, 11/15/45 | &nbsp;&nbsp; 10 | 8933 |
| Fedex Freight Holding Co., Inc. |  |  |
| 4.65%, 03/15/31<sup>(d)</sup> | &nbsp;&nbsp; 25 | 25135 |
| 4.95%, 03/15/33<sup>(d)</sup> | &nbsp;&nbsp; 10 | 9994 |
| GXO Logistics, Inc., 2.65%, 07/15/31 | &nbsp;&nbsp; 5 | 4575 |
| Kirby Corp., 4.20%, 03/01/28 | &nbsp;&nbsp; 5 | 5015 |
| Norfolk Southern Corp. |  |  |
| 2.55%, 11/01/29 | &nbsp;&nbsp; 5 | 4766 |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 10 | 9336 |
| 3.05%, 05/15/50 | &nbsp;&nbsp; 20 | 13392 |
| 3.16%, 05/15/55 | &nbsp;&nbsp; 17 | 11149 |
| 3.80%, 08/01/28 | &nbsp;&nbsp; 15 | 14993 |
| 4.10%, 05/15/2121 | &nbsp;&nbsp; 5 | 3498 |
| 4.45%, 03/01/33 | &nbsp;&nbsp; 5 | 5034 |
| 4.55%, 06/01/53 | &nbsp;&nbsp; 15 | 12835 |
| 5.35%, 08/01/54 | &nbsp;&nbsp; 5 | 4836 |
| Ryder System, Inc. |  |  |
| 2.85%, 03/01/27 | &nbsp;&nbsp; 5 | 4951 |
| 5.25%, 06/01/28 | &nbsp;&nbsp; 5 | 5138 |
| 5.65%, 03/01/28 | &nbsp;&nbsp; 5 | 5153 |
| Union Pacific Corp. |  |  |
| 2.80%, 02/14/32 | &nbsp;&nbsp; 15 | 13956 |
| 2.89%, 04/06/36 | &nbsp;&nbsp; 20 | 17177 |
| 3.20%, 05/20/41 | &nbsp;&nbsp; 15 | 12004 |
| 3.25%, 02/05/50 | &nbsp;&nbsp; 10 | 7024 |
| 3.38%, 02/01/35 | &nbsp;&nbsp; 5 | 4581 |
| 3.50%, 02/14/53 | &nbsp;&nbsp; 5 | 3610 |
| 3.55%, 08/15/39 | &nbsp;&nbsp; 15 | 13027 |
| 3.70%, 03/01/29 | &nbsp;&nbsp; 25 | 24928 |
| 3.80%, 04/06/71 | &nbsp;&nbsp; 15 | 10526 |
| 3.84%, 03/20/60 | &nbsp;&nbsp; 20 | 14720 |
| 3.85%, 02/14/72 | &nbsp;&nbsp; 5 | 3529 |
| 3.88%, 02/01/55 | &nbsp;&nbsp; 5 | 3823 |
| 3.95%, 09/10/28 | &nbsp;&nbsp; 30 | 30131 |
| 4.10%, 09/15/67 | &nbsp;&nbsp; 5 | 3755 |
| 4.30%, 03/01/49 | &nbsp;&nbsp; 10 | 8477 |
| 4.50%, 01/20/33 | &nbsp;&nbsp; 15 | 15285 |
| 6.63%, 02/01/29 | &nbsp;&nbsp; 15 | 16227 |
| United Parcel Service, Inc. |  |  |
| 2.50%, 09/01/29 | &nbsp;&nbsp; 10 | 9584 |
| 3.40%, 03/15/29 | &nbsp;&nbsp; 10 | 9910 |
| 4.45%, 04/01/30 | &nbsp;&nbsp; 20 | 20459 |
| 4.88%, 03/03/33 | &nbsp;&nbsp; 10 | 10427 |
| 5.05%, 03/03/53 | &nbsp;&nbsp; 15 | 13886 |
| 5.20%, 04/01/40 | &nbsp;&nbsp; 5 | 5131 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 5.30%, 04/01/50 | &nbsp;&nbsp; $15 | $14599 |
| 6.20%, 01/15/38 | &nbsp;&nbsp; 15 | 16859 |
| Walmart, Inc., 3.95%, 09/09/27 | &nbsp;&nbsp; 20 | 20109 |
|  |  | 887428 |
| **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** |
| GATX Corp. |  |  |
| 1.90%, 06/01/31 | &nbsp;&nbsp; 5 | 4436 |
| 3.10%, 06/01/51 | &nbsp;&nbsp; 5 | 3289 |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 20 | 18928 |
| 4.55%, 11/07/28 | &nbsp;&nbsp; 5 | 5065 |
| 6.05%, 03/15/34 | &nbsp;&nbsp; 20 | 21694 |
|  |  | 53412 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| 2.30%, 06/01/31 | &nbsp;&nbsp; 35 | 32025 |
| 2.95%, 09/01/27 | &nbsp;&nbsp; 25 | 24709 |
| 3.45%, 06/01/29 | &nbsp;&nbsp; 10 | 9869 |
| 3.75%, 09/01/47 | &nbsp;&nbsp; 10 | 7789 |
| 4.30%, 09/01/45 | &nbsp;&nbsp; 15 | 12949 |
| 6.59%, 10/15/37 | &nbsp;&nbsp; 15 | 17254 |
| Essential Utilities, Inc. |  |  |
| 3.35%, 04/15/50 | &nbsp;&nbsp; 25 | 17517 |
| 3.57%, 05/01/29 | &nbsp;&nbsp; 15 | 14780 |
| United Utilities PLC, 6.88%, 08/15/28 | &nbsp;&nbsp; 20 | 21281 |
|  |  | 158173 |
| **Total Corporate Bonds & Notes — 32.2%** <br>**(Cost: $44,245,600)** | **Total Corporate Bonds & Notes — 32.2%** <br>**(Cost: $44,245,600)** | 42824221 |
| **Foreign Government Obligations**<sup>(e)</sup> | **Foreign Government Obligations**<sup>(e)</sup> | **Foreign Government Obligations**<sup>(e)</sup> |
| **Canada — 0.2%** | **Canada — 0.2%** | **Canada — 0.2%** |
| Canada Government International Bonds, 3.75%, <br> 04/26/28<br>| &nbsp;&nbsp; 5 | 5034 |
| Export Development Canada, 4.13%, 02/13/29 | &nbsp;&nbsp; 10 | 10194 |
| Hydro-Quebec, Series HK, 9.38%, 04/15/30 | &nbsp;&nbsp; 10 | 12111 |
| Province of Alberta Canada |  |  |
| 1.30%, 07/22/30 | &nbsp;&nbsp; 15 | 13590 |
| 3.30%, 03/15/28 | &nbsp;&nbsp; 5 | 4979 |
| Province of British Columbia Canada |  |  |
| 1.30%, 01/29/31 | &nbsp;&nbsp; 5 | 4465 |
| 4.75%, 06/12/34 | &nbsp;&nbsp; 30 | 31366 |
| 7.25%, 09/01/36 | &nbsp;&nbsp; 15 | 18570 |
| Province of Manitoba Canada, 4.90%, 05/31/34 | &nbsp;&nbsp; 10 | 10546 |
| Province of Ontario Canada |  |  |
| 1.13%, 10/07/30 | &nbsp;&nbsp; 5 | 4470 |
| 1.60%, 02/25/31 | &nbsp;&nbsp; 10 | 9057 |
| 4.20%, 01/18/29 | &nbsp;&nbsp; 70 | 71330 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 40 | 41586 |
| 5.05%, 04/24/34 | &nbsp;&nbsp; 25 | 26699 |
| Province of Quebec Canada |  |  |
| 1.35%, 05/28/30 | &nbsp;&nbsp; 10 | 9092 |
| 4.25%, 09/05/34 | &nbsp;&nbsp; 30 | 30186 |
|  |  | 303275 |
| **Chile — 0.2%** | **Chile — 0.2%** | **Chile — 0.2%** |
| Chile Government International Bonds |  |  |
| 4.95%, 01/05/36 | &nbsp;&nbsp; 200 | 204716 |
| 5.65%, 01/13/37 | &nbsp;&nbsp; 10 | 10733 |
|  |  | 215449 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Indonesia — 0.2%** | **Indonesia — 0.2%** | **Indonesia — 0.2%** |
| Indonesia Government International Bonds |  |  |
| 4.35%, 02/21/31 | &nbsp;&nbsp; $10 | $9997 |
| 4.45%, 04/15/70 | &nbsp;&nbsp; 15 | 12035 |
| 4.65%, 09/20/32 | &nbsp;&nbsp; 200 | 201526 |
|  |  | 223558 |
| **Israel — 0.3%** | **Israel — 0.3%** | **Israel — 0.3%** |
| Israel Government International Bonds |  |  |
| 4.50%, 01/17/33 | &nbsp;&nbsp; 200 | 196880 |
| 5.38%, 03/12/29 | &nbsp;&nbsp; 200 | 205790 |
|  |  | 402670 |
| **Italy — 0.1%** | **Italy — 0.1%** | **Italy — 0.1%** |
| Republic of Italy Government International Bonds, <br> 2.88%, 10/17/29<br>| &nbsp;&nbsp; 200 | 194012 |
| **Mexico — 0.5%** | **Mexico — 0.5%** | **Mexico — 0.5%** |
| Mexico Government International Bonds |  |  |
| 4.15%, 03/28/27 | &nbsp;&nbsp; 200 | 200122 |
| 4.28%, 08/14/41 | &nbsp;&nbsp; 15 | 12220 |
| 4.60%, 01/23/46 | &nbsp;&nbsp; 205 | 163791 |
| 4.88%, 05/19/33 | &nbsp;&nbsp; 200 | 194483 |
| 5.00%, 04/27/51 | &nbsp;&nbsp; 10 | 8194 |
| 5.55%, 01/21/45 | &nbsp;&nbsp; 30 | 28089 |
| 5.63%, 02/09/34 | &nbsp;&nbsp; 25 | 25276 |
| 5.75%, 10/12/2110 | &nbsp;&nbsp; 5 | 4249 |
| 6.75%, 09/27/34 | &nbsp;&nbsp; 25 | 27292 |
| 7.50%, 04/08/33 | &nbsp;&nbsp; 25 | 28882 |
|  |  | 692598 |
| **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** |
| Panama Government International Bonds |  |  |
| 4.50%, 04/01/56 | &nbsp;&nbsp; 120 | 93723 |
| 6.70%, 01/26/36 | &nbsp;&nbsp; 20 | 21843 |
| 8.00%, 03/01/38 | &nbsp;&nbsp; 5 | 5957 |
|  |  | 121523 |
| **Peru — 0.1%** | **Peru — 0.1%** | **Peru — 0.1%** |
| Peru Government International Bonds |  |  |
| 2.78%, 12/01/60 | &nbsp;&nbsp; 20 | 11306 |
| 2.84%, 06/20/30 | &nbsp;&nbsp; 25 | 23680 |
| 3.00%, 01/15/34 | &nbsp;&nbsp; 110 | 96797 |
| 3.23%, 07/28/2121 | &nbsp;&nbsp; 5 | 2815 |
| 5.63%, 11/18/50 | &nbsp;&nbsp; 5 | 4971 |
| 8.75%, 11/21/33 | &nbsp;&nbsp; 26 | 32736 |
|  |  | 172305 |
| **Philippines — 0.3%** | **Philippines — 0.3%** | **Philippines — 0.3%** |
| Philippines Government International Bonds |  |  |
| 2.95%, 05/05/45 | &nbsp;&nbsp; 200 | 142046 |
| 3.75%, 01/14/29 | &nbsp;&nbsp; 200 | 198686 |
| 5.00%, 01/27/36 | &nbsp;&nbsp; 15 | 15254 |
|  |  | 355986 |
| **Poland — 0.1%** | **Poland — 0.1%** | **Poland — 0.1%** |
| Republic of Poland Government International Bonds |  |  |
| 4.88%, 10/04/33 | &nbsp;&nbsp; 52 | 53368 |
| 5.13%, 09/18/34 | &nbsp;&nbsp; 100 | 103648 |
| 5.75%, 11/16/32 | &nbsp;&nbsp; 30 | 32347 |
|  |  | 189363 |
| **South Korea — 0.2%** | **South Korea — 0.2%** | **South Korea — 0.2%** |
| Export-Import Bank of Korea, 5.00%, 01/11/28 | &nbsp;&nbsp; 200 | 204850 |
| **Supranational — 1.4%** | **Supranational — 1.4%** | **Supranational — 1.4%** |
| African Development Bank |  |  |
| 3.50%, 09/18/29 | &nbsp;&nbsp; 50 | 50023 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| 4.00%, 03/18/30 | &nbsp;&nbsp; $90 | $91640 |
| 4.13%, 01/22/36 | &nbsp;&nbsp; 20 | 20172 |
| 4.38%, 11/03/27 | &nbsp;&nbsp; 6 | 6090 |
| Asian Development Bank |  |  |
| 0.75%, 10/08/30 | &nbsp;&nbsp; 5 | 4415 |
| 1.75%, 09/19/29 | &nbsp;&nbsp; 5 | 4716 |
| 1.88%, 01/24/30 | &nbsp;&nbsp; 5 | 4708 |
| 3.13%, 08/20/27 | &nbsp;&nbsp; 5 | 4978 |
| 3.88%, 06/14/33 | &nbsp;&nbsp; 45 | 45256 |
| 4.00%, 01/12/33 | &nbsp;&nbsp; 15 | 15227 |
| 4.13%, 01/12/34 | &nbsp;&nbsp; 30 | 30580 |
| 4.25%, 01/14/36 | &nbsp;&nbsp; 20 | 20413 |
| 4.38%, 01/14/28 | &nbsp;&nbsp; 90 | 91538 |
| 4.38%, 03/06/29 | &nbsp;&nbsp; 5 | 5135 |
| 4.38%, 03/22/35 | &nbsp;&nbsp; 45 | 46478 |
| 5.82%, 06/16/28 | &nbsp;&nbsp; 5 | 5251 |
| Asian Infrastructure Investment Bank(The) |  |  |
| 3.75%, 09/14/27 | &nbsp;&nbsp; 5 | 5022 |
| 4.50%, 01/16/30 | &nbsp;&nbsp; 60 | 62170 |
| 4.50%, 05/21/35 | &nbsp;&nbsp; 5 | 5214 |
| Corp. Andina de Fomento |  |  |
| 5.00%, 01/24/29 | &nbsp;&nbsp; 20 | 20710 |
| 5.00%, 01/22/30 | &nbsp;&nbsp; 20 | 20843 |
| Council of Europe Development Bank |  |  |
| 4.13%, 01/24/29 | &nbsp;&nbsp; 5 | 5094 |
| 4.50%, 01/15/30 | &nbsp;&nbsp; 40 | 41414 |
| European Bank for Reconstruction & Development, <br> 4.25%, 03/13/34<br>| &nbsp;&nbsp; 15 | 15411 |
| European Investment Bank |  |  |
| 0.75%, 09/23/30 | &nbsp;&nbsp; 5 | 4422 |
| 1.63%, 10/09/29 | &nbsp;&nbsp; 5 | 4692 |
| 1.63%, 05/13/31 | &nbsp;&nbsp; 10 | 9082 |
| 3.75%, 02/14/33 | &nbsp;&nbsp; 240 | 239896 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 50 | 50504 |
| 4.13%, 02/13/34 | &nbsp;&nbsp; 50 | 51007 |
| 4.38%, 03/19/27 | &nbsp;&nbsp; 75 | 75683 |
| 4.88%, 02/15/36 | &nbsp;&nbsp; 10 | 10721 |
| Inter-American Development Bank |  |  |
| 1.13%, 07/20/28 | &nbsp;&nbsp; 43 | 40794 |
| 1.13%, 01/13/31 | &nbsp;&nbsp; 30 | 26778 |
| 2.25%, 06/18/29 | &nbsp;&nbsp; 5 | 4814 |
| 3.50%, 04/12/33 | &nbsp;&nbsp; 45 | 44223 |
| 4.00%, 01/12/28 | &nbsp;&nbsp; 45 | 45457 |
| 4.13%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5098 |
| 4.38%, 01/24/44 | &nbsp;&nbsp; 10 | 9666 |
| Inter-American Investment Corp. |  |  |
| 3.63%, 11/20/28 | &nbsp;&nbsp; 10 | 10038 |
| 4.13%, 02/15/28 | &nbsp;&nbsp; 5 | 5057 |
| 4.75%, 09/19/28 | &nbsp;&nbsp; 15 | 15459 |
| International Bank for Reconstruction & Development |  |  |
| 0.88%, 05/14/30 | &nbsp;&nbsp; 50 | 44887 |
| 1.25%, 02/10/31 | &nbsp;&nbsp; 25 | 22415 |
| 1.38%, 04/20/28 | &nbsp;&nbsp; 50 | 47908 |
| 1.63%, 11/03/31 | &nbsp;&nbsp; 65 | 58347 |
| 2.50%, 11/22/27 | &nbsp;&nbsp; 5 | 4923 |
| 2.50%, 03/29/32 | &nbsp;&nbsp; 40 | 37487 |
| 3.13%, 06/15/27 | &nbsp;&nbsp; 40 | 39819 |
| 3.63%, 05/05/28<sup>(a)</sup> | &nbsp;&nbsp; 65 | 65269 |
| 3.63%, 09/21/29 | &nbsp;&nbsp; 5 | 5026 |
| 3.88%, 02/14/30 | &nbsp;&nbsp; 20 | 20281 |
| 3.88%, 08/28/34 | &nbsp;&nbsp; 50 | 49923 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| 4.00%, 07/25/30 | &nbsp;&nbsp; $5 | $5097 |
| 4.00%, 01/10/31 | &nbsp;&nbsp; 20 | 20403 |
| 4.00%, 05/06/32 | &nbsp;&nbsp; 50 | 50914 |
| 4.13%, 03/20/30 | &nbsp;&nbsp; 65 | 66527 |
| 4.50%, 04/10/31 | &nbsp;&nbsp; 30 | 31284 |
| 4.63%, 01/15/32 | &nbsp;&nbsp; 50 | 52531 |
| 4.75%, 11/14/33 | &nbsp;&nbsp; 20 | 21231 |
| International Finance Corp., 0.75%, 08/27/30<sup>(a)</sup> | &nbsp;&nbsp; 10 | 8859 |
|  |  | 1929020 |
| **Uruguay — 0.1%** | **Uruguay — 0.1%** | **Uruguay — 0.1%** |
| Uruguay Government International Bonds, 5.75%, <br> 10/28/34<br>| &nbsp;&nbsp; 70 | 75176 |
| **Total Foreign Government Obligations — 3.8%** <br>**(Cost: $5,124,932)** | **Total Foreign Government Obligations — 3.8%** <br>**(Cost: $5,124,932)** | 5079785 |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **California — 0.2%** | **California — 0.2%** | **California — 0.2%** |
| California State University RB, Class B,2.72%, <br> 11/01/52<sup>(a)</sup><br>| &nbsp;&nbsp; 40 | 27338 |
| City of San Francisco California Public Utilities <br> Commission Water Revenue RB BAB, 6.95%, <br> 11/01/50<br>| &nbsp;&nbsp; 20 | 22837 |
| Los Angeles Community College District California GO <br> BAB, 6.75%, 08/01/49<br>| &nbsp;&nbsp; 25 | 28561 |
| Regents of the University of California Medical Center <br> Pooled Revenue RB, 3.01%, 05/15/50<sup>(a)</sup><br>| &nbsp;&nbsp; 60 | 41247 |
| State of California GO BAB, 7.30%, 10/01/39 | &nbsp;&nbsp; 70 | 83075 |
| University of California RB |  |  |
| Series AD, 4.86%, 05/15/2112 | &nbsp;&nbsp; 25 | 21631 |
| Series BD, 3.35%, 07/01/29 | &nbsp;&nbsp; 35 | 34698 |
| Series BG, 3.07%, 05/15/51 | &nbsp;&nbsp; 10 | 6885 |
|  |  | 266272 |
| **Florida — 0.0%** | **Florida — 0.0%** | **Florida — 0.0%** |
| County of Miami-Dade Aviation Revenue RB, Series C, <br> 4.28%, 10/01/41<br>| &nbsp;&nbsp; 50 | 47180 |
| **Georgia — 0.0%** | **Georgia — 0.0%** | **Georgia — 0.0%** |
| Municipal Electric Authority of Georgia RB BAB, Project <br> M, Series 2010-A, 6.66%, 04/01/57<br>| &nbsp;&nbsp; 20 | 22242 |
| **Illinois — 0.1%** | **Illinois — 0.1%** | **Illinois — 0.1%** |
| Chicago O'Hare International Airport RB, Series C, <br> Class C,4.47%, 01/01/49<br>| &nbsp;&nbsp; 25 | 22835 |
| Chicago Transit Authority Sales & Transfer Tax <br> Receipts Revenue RB, Series A, Class A,6.90%, <br> 12/01/40<br>| &nbsp;&nbsp; 22 | 25825 |
| State of Illinois GO, 5.10%, 06/01/33 | &nbsp;&nbsp; 44 | 45157 |
|  |  | 93817 |
| **Massachusetts — 0.0%** | **Massachusetts — 0.0%** | **Massachusetts — 0.0%** |
| Commonwealth of Massachusetts GOL BAB, Series E, <br> 5.46%, 12/01/39<br>| &nbsp;&nbsp; 25 | 26268 |
| **New Jersey — 0.1%** | **New Jersey — 0.1%** | **New Jersey — 0.1%** |
| New Jersey Turnpike Authority RB BAB, Series A, <br> 7.10%, 01/01/41<br>| &nbsp;&nbsp; 50 | 59640 |
| **New York — 0.1%** | **New York — 0.1%** | **New York — 0.1%** |
| Empire State Development Corp. RB BAB, 5.77%, <br> 03/15/39<br>| &nbsp;&nbsp; 15 | 15552 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** | **New York (continued)** |
| Metropolitan Transportation Authority RB BAB, Series <br> 2010-A, 6.67%, 11/15/39<br>| &nbsp;&nbsp; $45 | $50367 |
| New York City Municipal Water Finance Authority RB <br> BAB, 5.44%, 06/15/43<br>| &nbsp;&nbsp; 30 | 29641 |
| New York State Dormitory Authority RB BAB, Series F, <br> 5.63%, 03/15/39<br>| &nbsp;&nbsp; 15 | 15602 |
| Port Authority of New York & New Jersey RB, Series <br> 174, 4.46%, 10/01/62<sup>(a)</sup><br>| &nbsp;&nbsp; 20 | 17504 |
|  |  | 128666 |
| **Ohio — 0.1%** | **Ohio — 0.1%** | **Ohio — 0.1%** |
| American Municipal Power, Inc. RB, Series B, 8.08%, <br> 02/15/50<br>| &nbsp;&nbsp; 20 | 25764 |
| JobsOhio Beverage System, 4.53%, 01/01/35 | &nbsp;&nbsp; 25 | 25839 |
|  |  | 51603 |
| **Oregon — 0.0%** | **Oregon — 0.0%** | **Oregon — 0.0%** |
| State of Oregon GO, 5.89%, 06/01/27 | &nbsp;&nbsp; 28 | 27989 |
| **Texas — 0.1%** | **Texas — 0.1%** | **Texas — 0.1%** |
| Dallas Area Rapid Transit RB BAB, 5.02%, 12/01/48<sup>(a)</sup> | &nbsp;&nbsp; 25 | 24051 |
| Grand Parkway Transportation Corp. RB, 3.24%, <br> 10/01/52<br>| &nbsp;&nbsp; 50 | 36455 |
| State of Texas GO BAB, 5.52%, 04/01/39 | &nbsp;&nbsp; 19 | 19736 |
| Texas Natural Gas Securitization Finance Corp. RB |  |  |
| 5.10%, 04/01/35<sup>(a)</sup> | &nbsp;&nbsp; 12 | 13080 |
| 5.17%, 04/01/41 | &nbsp;&nbsp; 25 | 26078 |
|  |  | 119400 |
| **Virginia — 0.0%** | **Virginia — 0.0%** | **Virginia — 0.0%** |
| University of Virginia RB, Series C, 4.18%, 09/01/2117 | &nbsp;&nbsp; 25 | 19037 |
| **Wisconsin — 0.0%** | **Wisconsin — 0.0%** | **Wisconsin — 0.0%** |
| State of Wisconsin RB, 3.95%, 05/01/36 | &nbsp;&nbsp; 25 | 24252 |
| **Total Municipal Debt Obligations — 0.7%** <br>**(Cost: $986,640)** | **Total Municipal Debt Obligations — 0.7%** <br>**(Cost: $986,640)** | 886366 |
| **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** |
| **U.S. Government Agency Obligations — 1.9%** | **U.S. Government Agency Obligations — 1.9%** | **U.S. Government Agency Obligations — 1.9%** |
| Federal Home Loan Banks |  |  |
| 3.25%, 06/09/28 | &nbsp;&nbsp; 90 | 89700 |
| 3.25%, 11/16/28 | &nbsp;&nbsp; 990 | 986738 |
| 5.50%, 07/15/36 | &nbsp;&nbsp; 35 | 39027 |
| Federal Home Loan Mortgage Corp., 6.25%, 07/15/32 | &nbsp;&nbsp; 225 | 257053 |
| Federal National Mortgage Association |  |  |
| 0.88%, 08/05/30 | &nbsp;&nbsp; 200 | 178772 |
| 5.63%, 07/15/37 | &nbsp;&nbsp; 186 | 209322 |
| 6.25%, 05/15/29 | &nbsp;&nbsp; 50 | 54236 |
| 6.63%, 11/15/30 | &nbsp;&nbsp; 100 | 113239 |
| 7.25%, 05/15/30 | &nbsp;&nbsp; 35 | 40091 |
| Tennessee Valley Authority |  |  |
| 3.50%, 12/15/42 | &nbsp;&nbsp; 67 | 57812 |
| 5.50%, 06/15/38 | &nbsp;&nbsp; 10 | 11050 |
| 5.88%, 04/01/36 | &nbsp;&nbsp; 50 | 56889 |
| 6.15%, 01/15/38 | &nbsp;&nbsp; 185 | 217322 |
| 7.13%, 05/01/30 | &nbsp;&nbsp; 190 | 216053 |
|  |  | 2527304 |
| **U.S. Government Obligations — 59.9%** | **U.S. Government Obligations — 59.9%** | **U.S. Government Obligations — 59.9%** |
| U.S. Treasury Bonds |  |  |
| 1.13%, 08/15/40 | &nbsp;&nbsp; 400 | 260000 |
| 1.25%, 05/15/50 | &nbsp;&nbsp; 390 | 195366 |
| 1.38%, 11/15/40 | &nbsp;&nbsp; 400 | 268625 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 1.38%, 08/15/50 | &nbsp;&nbsp; $110 | $56633 |
| 1.63%, 11/15/50 | &nbsp;&nbsp; 200 | 109750 |
| 1.75%, 08/15/41 | &nbsp;&nbsp; 450 | 314227 |
| 1.88%, 02/15/41 | &nbsp;&nbsp; 377 | 272147 |
| 1.88%, 02/15/51 | &nbsp;&nbsp; 270 | 157528 |
| 1.88%, 11/15/51 | &nbsp;&nbsp; 429 | 247613 |
| 2.00%, 11/15/41 | &nbsp;&nbsp; 441 | 318278 |
| 2.00%, 02/15/50 | &nbsp;&nbsp; 184 | 112528 |
| 2.00%, 08/15/51 | &nbsp;&nbsp; 259 | 154914 |
| 2.25%, 05/15/41 | &nbsp;&nbsp; 390 | 296278 |
| 2.25%, 08/15/46 | &nbsp;&nbsp; 265 | 181277 |
| 2.25%, 02/15/52 | &nbsp;&nbsp; 221 | 139817 |
| 2.38%, 02/15/42 | &nbsp;&nbsp; 409 | 311032 |
| 2.38%, 11/15/49 | &nbsp;&nbsp; 300 | 200531 |
| 2.38%, 05/15/51 | &nbsp;&nbsp; 250 | 164141 |
| 2.50%, 02/15/46 | &nbsp;&nbsp; 252 | 182109 |
| 2.50%, 05/15/46 | &nbsp;&nbsp; 260 | 187200 |
| 2.75%, 08/15/42 | &nbsp;&nbsp; 190 | 151525 |
| 2.75%, 11/15/42 | &nbsp;&nbsp; 293 | 232523 |
| 2.75%, 08/15/47 | &nbsp;&nbsp; 200 | 148281 |
| 2.75%, 11/15/47 | &nbsp;&nbsp; 240 | 177450 |
| 2.88%, 05/15/43 | &nbsp;&nbsp; 72 | 57735 |
| 2.88%, 11/15/46 | &nbsp;&nbsp; 150 | 114914 |
| 2.88%, 05/15/49 | &nbsp;&nbsp; 300 | 223453 |
| 2.88%, 05/15/52 | &nbsp;&nbsp; 440 | 319688 |
| 3.00%, 05/15/42 | &nbsp;&nbsp; 200 | 166125 |
| 3.00%, 05/15/45 | &nbsp;&nbsp; 200 | 159250 |
| 3.00%, 11/15/45 | &nbsp;&nbsp; 140 | 110797 |
| 3.00%, 02/15/47 | &nbsp;&nbsp; 200 | 156156 |
| 3.00%, 05/15/47 | &nbsp;&nbsp; 100 | 77828 |
| 3.00%, 02/15/48 | &nbsp;&nbsp; 280 | 216169 |
| 3.00%, 08/15/48 | &nbsp;&nbsp; 300 | 230484 |
| 3.00%, 02/15/49 | &nbsp;&nbsp; 150 | 114680 |
| 3.00%, 08/15/52 | &nbsp;&nbsp; 420 | 312769 |
| 3.13%, 02/15/43 | &nbsp;&nbsp; 140 | 116922 |
| 3.25%, 05/15/42 | &nbsp;&nbsp; 400 | 343875 |
| 3.38%, 08/15/42 | &nbsp;&nbsp; 353 | 307606 |
| 3.38%, 11/15/48 | &nbsp;&nbsp; 330 | 270548 |
| 3.63%, 08/15/43 | &nbsp;&nbsp; 208 | 185315 |
| 3.63%, 02/15/53 | &nbsp;&nbsp; 420 | 352603 |
| 3.63%, 05/15/53 | &nbsp;&nbsp; 428 | 359119 |
| 3.75%, 11/15/43 | &nbsp;&nbsp; 200 | 180781 |
| 3.88%, 02/15/43 | &nbsp;&nbsp; 94 | 87097 |
| 3.88%, 05/15/43 | &nbsp;&nbsp; 155 | 143278 |
| 4.00%, 11/15/52 | &nbsp;&nbsp; 385 | 345959 |
| 4.13%, 08/15/44 | &nbsp;&nbsp; 180 | 170466 |
| 4.13%, 08/15/53 | &nbsp;&nbsp; 470 | 431225 |
| 4.25%, 02/15/54 | &nbsp;&nbsp; 462 | 432764 |
| 4.25%, 08/15/54 | &nbsp;&nbsp; 419 | 392616 |
| 4.38%, 08/15/43 | &nbsp;&nbsp; 148 | 145595 |
| 4.50%, 02/15/44 | &nbsp;&nbsp; 157 | 156534 |
| 4.50%, 11/15/54 | &nbsp;&nbsp; 531 | 518804 |
| 4.63%, 05/15/44 | &nbsp;&nbsp; 196 | 198266 |
| 4.63%, 11/15/44 | &nbsp;&nbsp; 300 | 302859 |
| 4.63%, 11/15/45 | &nbsp;&nbsp; 211 | 212418 |
| 4.63%, 05/15/54 | &nbsp;&nbsp; 386 | 384794 |
| 4.63%, 02/15/55 | &nbsp;&nbsp; 624 | 622440 |
| 4.63%, 11/15/55 | &nbsp;&nbsp; 441 | 440311 |
| 4.75%, 11/15/43 | &nbsp;&nbsp; 97 | 99865 |
| 4.75%, 02/15/45 | &nbsp;&nbsp; 190 | 194780 |
| 4.75%, 11/15/53 | &nbsp;&nbsp; 490 | 497963 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.75%, 05/15/55 | &nbsp;&nbsp; $497 | $505853 |
| 4.75%, 08/15/55 | &nbsp;&nbsp; 420 | 427744 |
| 4.75%, 02/15/56 | &nbsp;&nbsp; 100 | 101906 |
| 4.88%, 08/15/45 | &nbsp;&nbsp; 50 | 52016 |
| 5.00%, 05/15/45 | &nbsp;&nbsp; 180 | 190294 |
| U.S. Treasury Notes |  |  |
| 0.38%, 07/31/27 | &nbsp;&nbsp; 350 | 335262 |
| 0.38%, 09/30/27 | &nbsp;&nbsp; 500 | 476797 |
| 0.50%, 06/30/27 | &nbsp;&nbsp; 450 | 432809 |
| 0.50%, 08/31/27 | &nbsp;&nbsp; 9 | 8619 |
| 0.50%, 10/31/27 | &nbsp;&nbsp; 500 | 476582 |
| 0.63%, 11/30/27 | &nbsp;&nbsp; 300 | 285973 |
| 0.63%, 05/15/30 | &nbsp;&nbsp; 350 | 311254 |
| 0.63%, 08/15/30 | &nbsp;&nbsp; 775 | 683998 |
| 0.75%, 01/31/28 | &nbsp;&nbsp; 141 | 134154 |
| 1.00%, 07/31/28 | &nbsp;&nbsp; 700 | 661664 |
| 1.13%, 02/29/28 | &nbsp;&nbsp; 400 | 382672 |
| 1.13%, 08/31/28 | &nbsp;&nbsp; 300 | 283922 |
| 1.13%, 02/15/31 | &nbsp;&nbsp; 500 | 446250 |
| 1.25%, 03/31/28 | &nbsp;&nbsp; 400 | 382969 |
| 1.25%, 04/30/28 | &nbsp;&nbsp; 200 | 191156 |
| 1.25%, 05/31/28 | &nbsp;&nbsp; 550 | 524777 |
| 1.25%, 06/30/28 | &nbsp;&nbsp; 680 | 647753 |
| 1.25%, 09/30/28 | &nbsp;&nbsp; 400 | 379000 |
| 1.25%, 08/15/31 | &nbsp;&nbsp; 1100 | 973672 |
| 1.38%, 10/31/28 | &nbsp;&nbsp; 600 | 569484 |
| 1.38%, 11/15/31 | &nbsp;&nbsp; 684 | 605554 |
| 1.50%, 11/30/28 | &nbsp;&nbsp; 500 | 475430 |
| 1.63%, 05/15/31 | &nbsp;&nbsp; 920 | 836122 |
| 1.75%, 01/31/29 | &nbsp;&nbsp; 417 | 398072 |
| 1.88%, 02/28/29 | &nbsp;&nbsp; 300 | 287086 |
| 1.88%, 02/15/32 | &nbsp;&nbsp; 849 | 769274 |
| 2.25%, 08/15/27 | &nbsp;&nbsp; 250 | 245791 |
| 2.25%, 11/15/27 | &nbsp;&nbsp; 400 | 392313 |
| 2.38%, 05/15/27 | &nbsp;&nbsp; 500 | 493418 |
| 2.38%, 03/31/29 | &nbsp;&nbsp; 700 | 679109 |
| 2.38%, 05/15/29 | &nbsp;&nbsp; 500 | 484453 |
| 2.63%, 07/31/29 | &nbsp;&nbsp; 400 | 389813 |
| 2.75%, 04/30/27 | &nbsp;&nbsp; 400 | 396641 |
| 2.75%, 07/31/27 | &nbsp;&nbsp; 600 | 594234 |
| 2.75%, 05/31/29 | &nbsp;&nbsp; 402 | 393474 |
| 2.75%, 08/15/32 | &nbsp;&nbsp; 700 | 662648 |
| 2.88%, 08/15/28 | &nbsp;&nbsp; 500 | 494023 |
| 2.88%, 04/30/29 | &nbsp;&nbsp; 300 | 295242 |
| 2.88%, 05/15/32 | &nbsp;&nbsp; 700 | 669539 |
| 3.13%, 08/31/27 | &nbsp;&nbsp; 600 | 597258 |
| 3.13%, 11/15/28 | &nbsp;&nbsp; 600 | 595922 |
| 3.13%, 08/31/29 | &nbsp;&nbsp; 270 | 267279 |
| 3.25%, 06/30/27 | &nbsp;&nbsp; 600 | 598359 |
| 3.25%, 06/30/29 | &nbsp;&nbsp; 250 | 248691 |
| 3.38%, 11/30/27 | &nbsp;&nbsp; 690 | 689596 |
| 3.38%, 12/31/27 | &nbsp;&nbsp; 660 | 659691 |
| 3.38%, 05/15/33 | &nbsp;&nbsp; 763 | 745236 |
| 3.50%, 09/30/27 | &nbsp;&nbsp; 690 | 690755 |
| 3.50%, 10/31/27 | &nbsp;&nbsp; 660 | 660773 |
| 3.50%, 01/31/28 | &nbsp;&nbsp; 950 | 951855 |
| 3.50%, 04/30/28 | &nbsp;&nbsp; 103 | 103225 |
| 3.50%, 01/31/30 | &nbsp;&nbsp; 100 | 100156 |
| 3.50%, 04/30/30 | &nbsp;&nbsp; 91 | 91078 |
| 3.50%, 11/30/30 | &nbsp;&nbsp; 131 | 130939 |
| 3.50%, 02/15/33 | &nbsp;&nbsp; 132 | 130185 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 3.63%, 08/31/27 | &nbsp;&nbsp; $730 | $731939 |
| 3.63%, 05/31/28 | &nbsp;&nbsp; 319 | 320620 |
| 3.63%, 03/31/30 | &nbsp;&nbsp; 200 | 201172 |
| 3.63%, 08/31/30 | &nbsp;&nbsp; 640 | 643350 |
| 3.63%, 09/30/30 | &nbsp;&nbsp; 430 | 432251 |
| 3.63%, 10/31/30 | &nbsp;&nbsp; 200 | 201000 |
| 3.63%, 12/31/30 | &nbsp;&nbsp; 630 | 633002 |
| 3.75%, 04/30/27 | &nbsp;&nbsp; 399 | 400153 |
| 3.75%, 06/30/27 | &nbsp;&nbsp; 610 | 612287 |
| 3.75%, 08/15/27 | &nbsp;&nbsp; 610 | 612597 |
| 3.75%, 12/31/28 | &nbsp;&nbsp; 400 | 403875 |
| 3.75%, 05/31/30 | &nbsp;&nbsp; 300 | 303117 |
| 3.75%, 06/30/30 | &nbsp;&nbsp; 300 | 303141 |
| 3.75%, 12/31/30 | &nbsp;&nbsp; 600 | 606000 |
| 3.75%, 01/31/31 | &nbsp;&nbsp; 135 | 136392 |
| 3.88%, 05/31/27 | &nbsp;&nbsp; 658 | 661110 |
| 3.88%, 07/31/27 | &nbsp;&nbsp; 750 | 754395 |
| 3.88%, 12/31/27 | &nbsp;&nbsp; 300 | 302484 |
| 3.88%, 09/30/29 | &nbsp;&nbsp; 200 | 202906 |
| 3.88%, 11/30/29 | &nbsp;&nbsp; 630 | 639302 |
| 3.88%, 12/31/29 | &nbsp;&nbsp; 260 | 263900 |
| 3.88%, 04/30/30 | &nbsp;&nbsp; 715 | 726004 |
| 3.88%, 06/30/30 | &nbsp;&nbsp; 530 | 538240 |
| 3.88%, 07/31/30 | &nbsp;&nbsp; 430 | 436752 |
| 3.88%, 08/31/32 | &nbsp;&nbsp; 54 | 54599 |
| 3.88%, 09/30/32 | &nbsp;&nbsp; 198 | 200104 |
| 3.88%, 12/31/32 | &nbsp;&nbsp; 150 | 151477 |
| 3.88%, 08/15/33 | &nbsp;&nbsp; 331 | 333379 |
| 3.88%, 08/15/34 | &nbsp;&nbsp; 890 | 891252 |
| 4.00%, 12/15/27 | &nbsp;&nbsp; 607 | 613212 |
| 4.00%, 02/29/28 | &nbsp;&nbsp; 600 | 606937 |
| 4.00%, 01/31/29 | &nbsp;&nbsp; 500 | 508359 |
| 4.00%, 10/31/29 | &nbsp;&nbsp; 500 | 509492 |
| 4.00%, 02/28/30 | &nbsp;&nbsp; 900 | 917859 |
| 4.00%, 03/31/30 | &nbsp;&nbsp; 540 | 550842 |
| 4.00%, 05/31/30 | &nbsp;&nbsp; 161 | 164283 |
| 4.00%, 07/31/30 | &nbsp;&nbsp; 260 | 265383 |
| 4.00%, 01/31/31 | &nbsp;&nbsp; 300 | 306328 |
| 4.00%, 06/30/32 | &nbsp;&nbsp; 290 | 295460 |
| 4.00%, 07/31/32 | &nbsp;&nbsp; 278 | 283147 |
| 4.00%, 01/31/33 | &nbsp;&nbsp; 150 | 152578 |
| 4.00%, 02/15/34 | &nbsp;&nbsp; 875 | 886484 |
| 4.00%, 11/15/35 | &nbsp;&nbsp; 648 | 650329 |
| 4.13%, 07/31/28 | &nbsp;&nbsp; 268 | 272606 |
| 4.13%, 03/31/29 | &nbsp;&nbsp; 500 | 510547 |
| 4.13%, 10/31/29 | &nbsp;&nbsp; 478 | 489166 |
| 4.13%, 11/30/29 | &nbsp;&nbsp; 386 | 395107 |
| 4.13%, 08/31/30 | &nbsp;&nbsp; 273 | 279996 |
| 4.13%, 03/31/31 | &nbsp;&nbsp; 400 | 410750 |
| 4.13%, 11/30/31 | &nbsp;&nbsp; 350 | 359324 |
| 4.13%, 02/29/32 | &nbsp;&nbsp; 645 | 661931 |
| 4.13%, 05/31/32 | &nbsp;&nbsp; 182 | 186721 |
| 4.13%, 11/15/32 | &nbsp;&nbsp; 240 | 246000 |
| 4.13%, 02/15/36 | &nbsp;&nbsp; 245 | 248254 |
| 4.25%, 01/15/28 | &nbsp;&nbsp; 117 | 118778 |
| 4.25%, 02/28/29 | &nbsp;&nbsp; 400 | 409656 |
| 4.25%, 06/30/29 | &nbsp;&nbsp; 673 | 690509 |
| 4.25%, 01/31/30 | &nbsp;&nbsp; 730 | 750987 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.25%, 02/28/31 | &nbsp;&nbsp; $124 | $128030 |
| 4.25%, 06/30/31 | &nbsp;&nbsp; 300 | 309914 |
| 4.25%, 11/15/34 | &nbsp;&nbsp; 780 | 801450 |
| 4.25%, 05/15/35 | &nbsp;&nbsp; 808 | 828705 |
| 4.25%, 08/15/35 | &nbsp;&nbsp; 689 | 706117 |
| 4.38%, 07/15/27 | &nbsp;&nbsp; 700 | 708613 |
| 4.38%, 08/31/28 | &nbsp;&nbsp; 518 | 530141 |
| 4.38%, 11/30/28 | &nbsp;&nbsp; 473 | 485084 |
| 4.38%, 12/31/29 | &nbsp;&nbsp; 780 | 805594 |
| 4.38%, 11/30/30 | &nbsp;&nbsp; 290 | 300784 |
| 4.38%, 01/31/32 | &nbsp;&nbsp; 49 | 50941 |
| 4.38%, 05/15/34 | &nbsp;&nbsp; 665 | 690457 |
| 4.50%, 05/15/27 | &nbsp;&nbsp; 370 | 374336 |
| 4.50%, 05/31/29 | &nbsp;&nbsp; 500 | 516563 |
| 4.50%, 12/31/31 | &nbsp;&nbsp; 574 | 600547 |
| 4.50%, 11/15/33 | &nbsp;&nbsp; 850 | 890375 |
| 4.63%, 09/30/28 | &nbsp;&nbsp; 497 | 512104 |
| 4.63%, 04/30/29 | &nbsp;&nbsp; 520 | 538809 |
| 4.63%, 09/30/30 | &nbsp;&nbsp; 200 | 209406 |
| 4.63%, 04/30/31 | &nbsp;&nbsp; 400 | 420188 |
| 4.63%, 05/31/31 | &nbsp;&nbsp; 500 | 525312 |
| 4.63%, 02/15/35 | &nbsp;&nbsp; 864 | 911520 |
| 4.88%, 10/31/28 | &nbsp;&nbsp; 600 | 622453 |
|  |  | 79589706 |
| **Total U.S. Government & Agency Obligations — 61.8%** <br>**(Cost: $85,487,852)** | **Total U.S. Government & Agency Obligations — 61.8%** <br>**(Cost: $85,487,852)** | 82117010 |
| **Total Long-Term Investments — 98.5%** <br>**(Cost: $135,845,024)** | **Total Long-Term Investments — 98.5%** <br>**(Cost: $135,845,024)** | 130907382 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.1%** | **Money Market Funds — 1.1%** | **Money Market Funds — 1.1%** |
| BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 3.64%<sup>(f)(g)(h)</sup><br>| &nbsp;&nbsp; 1415763 | 1415763 |
| **Total Short-Term Securities — 1.1%** <br>**(Cost: $1,415,763)** | **Total Short-Term Securities — 1.1%** <br>**(Cost: $1,415,763)** | 1415763 |
| **Total Investments — 99.6%** <br>**(Cost: $137,260,787)** | **Total Investments — 99.6%** <br>**(Cost: $137,260,787)** | 132323145 |
| **Other Assets Less Liabilities — 0.4%** | **Other Assets Less Liabilities — 0.4%** | 585306 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $132908451 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

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

<sup>(c)</sup> Zero-coupon bond.

<sup>(d)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(e)</sup> U.S. dollar denominated security issued by foreign domiciled entity.

<sup>(f)</sup> Affiliate of the Fund.

<sup>(g)</sup> Annualized 7-day yield as of period end.

<sup>(h)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Government/Credit Bond ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Treasury, SL Agency Shares | $1892153 | $—<br> $(476390 )<sup>(a)</sup><br>| $— | $— | $1415763 | 1415763<br> $29650 <br><sup>(b)</sup><br>| $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $42824221 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $42824221 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 5079785 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5079785 |
| Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 886366 | &nbsp;&nbsp; — | &nbsp;&nbsp; 886366 |
| U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 82117010 | &nbsp;&nbsp; — | &nbsp;&nbsp; 82117010 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 1415763 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1415763 |
|  | &nbsp;&nbsp; $1415763 | &nbsp;&nbsp; $130907382 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $132323145 |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.0%** | **Advertising — 0.0%** | **Advertising — 0.0%** |
| Omnicom Group, Inc. |  |  |
| 2.40%, 03/01/31 | &nbsp;&nbsp; $115 | $104784 |
| 2.45%, 04/30/30 | &nbsp;&nbsp; 165 | 153660 |
| 2.60%, 08/01/31 | &nbsp;&nbsp; 210 | 191391 |
| 4.20%, 03/02/29 | &nbsp;&nbsp; 65 | 65113 |
| 4.20%, 06/01/30 | &nbsp;&nbsp; 170 | 169913 |
| 4.65%, 10/01/28 | &nbsp;&nbsp; 135 | 136465 |
| 4.75%, 03/30/30 | &nbsp;&nbsp; 170 | 173217 |
| 5.00%, 06/02/33 | &nbsp;&nbsp; 75 | 74761 |
| 5.30%, 11/01/34<sup>(a)</sup> | &nbsp;&nbsp; 155 | 156356 |
| 5.30%, 06/02/36 | &nbsp;&nbsp; 75 | 74352 |
| 5.38%, 06/15/33 | &nbsp;&nbsp; 75 | 77360 |
|  |  | 1377372 |
| **Aerospace & Defense — 0.4%** | **Aerospace & Defense — 0.4%** | **Aerospace & Defense — 0.4%** |
| Boeing Co.(The) |  |  |
| 2.80%, 03/01/27 | &nbsp;&nbsp; 75 | 74095 |
| 2.95%, 02/01/30 | &nbsp;&nbsp; 165 | 158101 |
| 3.20%, 03/01/29 | &nbsp;&nbsp; 233 | 227689 |
| 3.25%, 02/01/28 | &nbsp;&nbsp; 275 | 271742 |
| 3.25%, 03/01/28 | &nbsp;&nbsp; 65 | 64218 |
| 3.25%, 02/01/35 | &nbsp;&nbsp; 141 | 125569 |
| 3.45%, 11/01/28 | &nbsp;&nbsp; 100 | 98794 |
| 3.60%, 05/01/34 | &nbsp;&nbsp; 200 | 184461 |
| 3.63%, 02/01/31 | &nbsp;&nbsp; 340 | 330200 |
| 5.04%, 05/01/27 | &nbsp;&nbsp; 460 | 464853 |
| 5.15%, 05/01/30 | &nbsp;&nbsp; 1013 | 1049087 |
| 6.13%, 02/15/33 | &nbsp;&nbsp; 105 | 114819 |
| 6.26%, 05/01/27 | &nbsp;&nbsp; 225 | 230514 |
| 6.30%, 05/01/29 | &nbsp;&nbsp; 320 | 340990 |
| 6.39%, 05/01/31 | &nbsp;&nbsp; 250 | 273094 |
| 6.53%, 05/01/34 | &nbsp;&nbsp; 560 | 628333 |
| Embraer Netherlands Finance BV, 5.98%, 02/11/35 | &nbsp;&nbsp; 150 | 160973 |
| GE Capital Funding LLC, 4.55%, 05/15/32 | &nbsp;&nbsp; 40 | 40748 |
| General Dynamics Corp. |  |  |
| 2.25%, 06/01/31 | &nbsp;&nbsp; 125 | 114768 |
| 2.63%, 11/15/27 | &nbsp;&nbsp; 111 | 109252 |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 210 | 209588 |
| 3.63%, 04/01/30 | &nbsp;&nbsp; 267 | 264399 |
| 3.75%, 05/15/28 | &nbsp;&nbsp; 260 | 260729 |
| 4.95%, 08/15/35 | &nbsp;&nbsp; 35 | 36192 |
| General Electric Co. |  |  |
| 4.30%, 07/29/30 | &nbsp;&nbsp; 150 | 152442 |
| 4.90%, 01/29/36 | &nbsp;&nbsp; 15 | 15376 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 265 | 302806 |
| HEICO Corp. |  |  |
| 5.25%, 08/01/28 | &nbsp;&nbsp; 110 | 113185 |
| 5.35%, 08/01/33 | &nbsp;&nbsp; 145 | 152285 |
| Hexcel Corp., 5.88%, 02/26/35 | &nbsp;&nbsp; 40 | 42609 |
| Howmet Aerospace, Inc. |  |  |
| 3.00%, 01/15/29 | &nbsp;&nbsp; 190 | 185461 |
| 4.55%, 11/15/32 | &nbsp;&nbsp; 95 | 96823 |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 105 | 108872 |
| 6.75%, 01/15/28 | &nbsp;&nbsp; 115 | 121013 |
| L3Harris Technologies, Inc. |  |  |
| 1.80%, 01/15/31 | &nbsp;&nbsp; 155 | 138862 |
| 2.90%, 12/15/29 | &nbsp;&nbsp; 125 | 120052 |
| 4.40%, 06/15/28 | &nbsp;&nbsp; 408 | 411833 |
| 4.85%, 04/27/35 | &nbsp;&nbsp; 20 | 20192 |
| 5.05%, 06/01/29 | &nbsp;&nbsp; 185 | 190680 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| 5.25%, 06/01/31 | &nbsp;&nbsp; $160 | $167557 |
| 5.35%, 06/01/34 | &nbsp;&nbsp; 200 | 208829 |
| 5.40%, 07/31/33 | &nbsp;&nbsp; 370 | 389689 |
| Lockheed Martin Corp. |  |  |
| 1.85%, 06/15/30 | &nbsp;&nbsp; 135 | 123815 |
| 3.60%, 03/01/35 | &nbsp;&nbsp; 80 | 74843 |
| 3.90%, 06/15/32 | &nbsp;&nbsp; 205 | 203554 |
| 4.15%, 08/15/28 | &nbsp;&nbsp; 115 | 116123 |
| 4.40%, 08/15/30 | &nbsp;&nbsp; 200 | 203629 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 150 | 152078 |
| 4.50%, 02/15/29 | &nbsp;&nbsp; 145 | 147912 |
| 4.70%, 12/15/31 | &nbsp;&nbsp; 100 | 103530 |
| 4.75%, 02/15/34 | &nbsp;&nbsp; 185 | 189818 |
| 4.80%, 08/15/34 | &nbsp;&nbsp; 125 | 127924 |
| 5.00%, 08/15/35 | &nbsp;&nbsp; 190 | 196350 |
| 5.10%, 11/15/27 | &nbsp;&nbsp; 205 | 209838 |
| 5.25%, 01/15/33 | &nbsp;&nbsp; 260 | 276514 |
| Northrop Grumman Corp. |  |  |
| 3.25%, 01/15/28 | &nbsp;&nbsp; 495 | 490098 |
| 4.40%, 05/01/30 | &nbsp;&nbsp; 205 | 207948 |
| 4.60%, 02/01/29 | &nbsp;&nbsp; 65 | 66266 |
| 4.65%, 07/15/30 | &nbsp;&nbsp; 130 | 133159 |
| 4.70%, 03/15/33 | &nbsp;&nbsp; 255 | 260436 |
| 4.90%, 06/01/34 | &nbsp;&nbsp; 185 | 189865 |
| 5.25%, 07/15/35 | &nbsp;&nbsp; 120 | 125662 |
| RTX Corp. |  |  |
| 1.90%, 09/01/31 | &nbsp;&nbsp; 250 | 222371 |
| 2.25%, 07/01/30 | &nbsp;&nbsp; 260 | 242283 |
| 2.38%, 03/15/32 | &nbsp;&nbsp; 230 | 207348 |
| 3.13%, 05/04/27 | &nbsp;&nbsp; 268 | 265917 |
| 3.50%, 03/15/27 | &nbsp;&nbsp; 265 | 264221 |
| 4.13%, 11/16/28 | &nbsp;&nbsp; 680 | 684065 |
| 5.15%, 02/27/33 | &nbsp;&nbsp; 315 | 329603 |
| 5.75%, 01/15/29 | &nbsp;&nbsp; 135 | 141840 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 260 | 281939 |
| 6.10%, 03/15/34 | &nbsp;&nbsp; 365 | 403379 |
| 7.20%, 08/15/27 | &nbsp;&nbsp; 77 | 80664 |
| 7.50%, 09/15/29 | &nbsp;&nbsp; 80 | 89377 |
|  |  | 15584143 |
| **Agriculture — 0.4%** | **Agriculture — 0.4%** | **Agriculture — 0.4%** |
| Altria Group, Inc. |  |  |
| 2.45%, 02/04/32 | &nbsp;&nbsp; 400 | 358911 |
| 3.40%, 05/06/30 | &nbsp;&nbsp; 225 | 218928 |
| 4.50%, 08/06/30 | &nbsp;&nbsp; 85 | 86374 |
| 4.80%, 02/14/29 | &nbsp;&nbsp; 431 | 440414 |
| 4.88%, 02/04/28 | &nbsp;&nbsp; 150 | 152725 |
| 5.25%, 08/06/35 | &nbsp;&nbsp; 75 | 76839 |
| 5.63%, 02/06/35 | &nbsp;&nbsp; 170 | 178620 |
| 6.20%, 11/01/28 | &nbsp;&nbsp; 150 | 158273 |
| 6.88%, 11/01/33 | &nbsp;&nbsp; 100 | 113806 |
| Archer-Daniels-Midland Co. |  |  |
| 2.90%, 03/01/32 | &nbsp;&nbsp; 190 | 176645 |
| 3.25%, 03/27/30 | &nbsp;&nbsp; 285 | 277281 |
| 4.50%, 08/15/33 | &nbsp;&nbsp; 155 | 156734 |
| 5.94%, 10/01/32 | &nbsp;&nbsp; 120 | 131415 |
| BAT Capital Corp. |  |  |
| 2.26%, 03/25/28 | &nbsp;&nbsp; 405 | 391754 |
| 2.73%, 03/25/31 | &nbsp;&nbsp; 305 | 283957 |
| 3.46%, 09/06/29 | &nbsp;&nbsp; 100 | 98107 |
| 3.56%, 08/15/27 | &nbsp;&nbsp; 373 | 371081 |
| 4.63%, 03/22/33 | &nbsp;&nbsp; 150 | 150554 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| 4.70%, 04/02/27 | &nbsp;&nbsp; $245 | $246650 |
| 4.74%, 03/16/32 | &nbsp;&nbsp; 216 | 219716 |
| 4.91%, 04/02/30 | &nbsp;&nbsp; 220 | 225897 |
| 5.35%, 08/15/32 | &nbsp;&nbsp; 170 | 178471 |
| 5.63%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 285 | 300461 |
| 5.83%, 02/20/31 | &nbsp;&nbsp; 200 | 213803 |
| 6.00%, 02/20/34 | &nbsp;&nbsp; 220 | 238345 |
| 6.34%, 08/02/30 | &nbsp;&nbsp; 260 | 282541 |
| 6.42%, 08/02/33 | &nbsp;&nbsp; 275 | 305406 |
| 7.75%, 10/19/32 | &nbsp;&nbsp; 145 | 170828 |
| BAT International Finance PLC |  |  |
| 4.45%, 03/16/28 | &nbsp;&nbsp; 210 | 211919 |
| 5.93%, 02/02/29 | &nbsp;&nbsp; 245 | 257846 |
| Bunge Ltd. Finance Corp. |  |  |
| 2.75%, 05/14/31 | &nbsp;&nbsp; 276 | 256811 |
| 3.20%, 04/21/31 | &nbsp;&nbsp; 105 | 99904 |
| 3.75%, 09/25/27 | &nbsp;&nbsp; 142 | 141676 |
| 4.10%, 01/07/28 | &nbsp;&nbsp; 110 | 110534 |
| 4.20%, 09/17/29 | &nbsp;&nbsp; 170 | 171062 |
| 4.55%, 08/04/30 | &nbsp;&nbsp; 95 | 96516 |
| 4.65%, 09/17/34 | &nbsp;&nbsp; 170 | 169101 |
| 5.15%, 08/04/35 | &nbsp;&nbsp; 155 | 158897 |
| Philip Morris International, Inc. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 185 | 166640 |
| 2.10%, 05/01/30 | &nbsp;&nbsp; 175 | 161915 |
| 3.13%, 08/17/27 | &nbsp;&nbsp; 120 | 118997 |
| 3.13%, 03/02/28 | &nbsp;&nbsp; 125 | 123290 |
| 3.38%, 08/15/29 | &nbsp;&nbsp; 196 | 192556 |
| 3.88%, 10/27/28 | &nbsp;&nbsp; 130 | 130190 |
| 4.00%, 10/29/30 | &nbsp;&nbsp; 165 | 164588 |
| 4.13%, 04/28/28 | &nbsp;&nbsp; 135 | 135900 |
| 4.25%, 10/29/32 | &nbsp;&nbsp; 160 | 159543 |
| 4.38%, 11/01/27 | &nbsp;&nbsp; 170 | 171685 |
| 4.38%, 04/30/30 | &nbsp;&nbsp; 175 | 177167 |
| 4.63%, 11/01/29 | &nbsp;&nbsp; 175 | 179114 |
| 4.63%, 10/29/35 | &nbsp;&nbsp; 155 | 153360 |
| 4.75%, 11/01/31 | &nbsp;&nbsp; 195 | 200482 |
| 4.88%, 02/15/28 | &nbsp;&nbsp; 360 | 366889 |
| 4.88%, 02/13/29 | &nbsp;&nbsp; 235 | 241572 |
| 4.88%, 04/30/35 | &nbsp;&nbsp; 95 | 96459 |
| 4.90%, 11/01/34 | &nbsp;&nbsp; 195 | 198784 |
| 5.13%, 11/17/27 | &nbsp;&nbsp; 360 | 367345 |
| 5.13%, 02/15/30 | &nbsp;&nbsp; 495 | 514087 |
| 5.13%, 02/13/31 | &nbsp;&nbsp; 265 | 276532 |
| 5.25%, 09/07/28 | &nbsp;&nbsp; 120 | 124056 |
| 5.25%, 02/13/34 | &nbsp;&nbsp; 420 | 439799 |
| 5.38%, 02/15/33 | &nbsp;&nbsp; 515 | 543262 |
| 5.50%, 09/07/30 | &nbsp;&nbsp; 160 | 169079 |
| 5.63%, 11/17/29 | &nbsp;&nbsp; 285 | 301100 |
| 5.63%, 09/07/33 | &nbsp;&nbsp; 240 | 257415 |
| 5.75%, 11/17/32 | &nbsp;&nbsp; 330 | 355865 |
| Reynolds American, Inc., 5.70%, 08/15/35 | &nbsp;&nbsp; 70 | 73829 |
|  |  | 14440302 |
| **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
| American Airlines Pass-Through Trust |  |  |
| Series 2015-1, Class A, 3.38%, 11/01/28 | &nbsp;&nbsp; 69 | 67928 |
| Series 2015-2, Class AA, 3.60%, 03/22/29 | &nbsp;&nbsp; 85 | 84418 |
| Series 2016-1, Class AA, 3.58%, 07/15/29 | &nbsp;&nbsp; 49 | 48715 |
| Series 2016-2, Class AA, 3.20%, 12/15/29 | &nbsp;&nbsp; 70 | 68653 |
| Series 2016-3, Class AA, 3.00%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp; 95 | 91940 |
| Series 2017-1, Class AA, 3.65%, 02/15/29 | &nbsp;&nbsp; 48 | 47637 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Airlines (continued)** | **Airlines (continued)** | **Airlines (continued)** |
| Series 2017-2, Class AA, 3.35%, 04/15/31 | &nbsp;&nbsp; $86 | $83880 |
| Series 2019-1, Class AA, 3.15%, 08/15/33 | &nbsp;&nbsp; 74 | 70408 |
| Series A, Class A, 2.88%, 01/11/36 | &nbsp;&nbsp; 81 | 74468 |
| Delta Air Lines Pass-Through Trust, Series 2020, <br> Class AA, 2.00%, 12/10/29<br>| &nbsp;&nbsp; 47 | 45366 |
| Delta Air Lines, Inc. |  |  |
| 3.75%, 10/28/29 | &nbsp;&nbsp; 120 | 117881 |
| 4.38%, 04/19/28 | &nbsp;&nbsp; 70 | 70290 |
| 4.95%, 07/10/28 | &nbsp;&nbsp; 225 | 228710 |
| 5.25%, 07/10/30 | &nbsp;&nbsp; 200 | 206234 |
| JetBlue Pass-Through Trust |  |  |
| Series 1A, 4.00%, 05/15/34 | &nbsp;&nbsp; 98 | 93369 |
| Series 2019-1, Class AA, 2.75%, 11/15/33 | &nbsp;&nbsp; 94 | 84202 |
| Southwest Airlines Co. |  |  |
| 2.63%, 02/10/30 | &nbsp;&nbsp; 130 | 121840 |
| 3.45%, 11/16/27 | &nbsp;&nbsp; 65 | 64395 |
| 4.38%, 11/15/28 | &nbsp;&nbsp; 165 | 166209 |
| 5.13%, 06/15/27 | &nbsp;&nbsp; 455 | 460284 |
| 5.25%, 11/15/35 | &nbsp;&nbsp; 165 | 163690 |
| United Airlines Pass-Through Trust |  |  |
| Series 2016-1, Class AA, 3.10%, 01/07/30 | &nbsp;&nbsp; 91 | 88901 |
| Series 2016-2, Class AA, 2.88%, 04/07/30 | &nbsp;&nbsp; 87 | 84622 |
| Series 2018-1, Class AA, 3.50%, 09/01/31 | &nbsp;&nbsp; 117 | 114864 |
| Series 2019, Class AA, 4.15%, 02/25/33 | &nbsp;&nbsp; 86 | 84559 |
| Series 2019-2, Class AA, 2.70%, 11/01/33 | &nbsp;&nbsp; 95 | 88514 |
| Series 2020-1, 5.88%, 04/15/29 | &nbsp;&nbsp; 214 | 218712 |
|  |  | 3140689 |
| **Apparel — 0.0%** | **Apparel — 0.0%** | **Apparel — 0.0%** |
| NIKE, Inc. |  |  |
| 2.75%, 03/27/27 | &nbsp;&nbsp; 248 | 245575 |
| 2.85%, 03/27/30 | &nbsp;&nbsp; 374 | 359559 |
| PVH Corp., 5.50%, 06/13/30 | &nbsp;&nbsp; 135 | 138574 |
| Ralph Lauren Corp. |  |  |
| 2.95%, 06/15/30 | &nbsp;&nbsp; 230 | 220378 |
| 5.00%, 06/15/32 | &nbsp;&nbsp; 72 | 74936 |
| Tapestry, Inc. |  |  |
| 3.05%, 03/15/32 | &nbsp;&nbsp; 100 | 92829 |
| 4.13%, 07/15/27 | &nbsp;&nbsp; 62 | 62024 |
| 5.10%, 03/11/30 | &nbsp;&nbsp; 75 | 77374 |
| 5.50%, 03/11/35 | &nbsp;&nbsp; 155 | 160699 |
|  |  | 1431948 |
| **Auto Manufacturers — 0.9%** | **Auto Manufacturers — 0.9%** | **Auto Manufacturers — 0.9%** |
| American Honda Finance Corp. |  |  |
| 1.80%, 01/13/31 | &nbsp;&nbsp; 105 | 93870 |
| 2.00%, 03/24/28 | &nbsp;&nbsp; 190 | 182940 |
| 2.25%, 01/12/29 | &nbsp;&nbsp; 150 | 143195 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 115 | 114239 |
| 4.15%, 01/08/29 | &nbsp;&nbsp; 135 | 135697 |
| 4.25%, 09/01/28 | &nbsp;&nbsp; 140 | 141058 |
| 4.40%, 09/05/29 | &nbsp;&nbsp; 185 | 187421 |
| 4.45%, 10/22/27 | &nbsp;&nbsp; 160 | 161510 |
| 4.45%, 01/08/31 | &nbsp;&nbsp; 140 | 141373 |
| 4.50%, 09/04/30 | &nbsp;&nbsp; 155 | 156819 |
| 4.55%, 07/09/27 | &nbsp;&nbsp; 150 | 151428 |
| 4.55%, 03/03/28 | &nbsp;&nbsp; 175 | 177189 |
| 4.60%, 04/17/30 | &nbsp;&nbsp; 155 | 157676 |
| 4.70%, 01/12/28 | &nbsp;&nbsp; 125 | 126874 |
| 4.80%, 03/05/30 | &nbsp;&nbsp; 110 | 112681 |
| 4.85%, 10/23/31 | &nbsp;&nbsp; 180 | 184985 |
| 4.90%, 03/12/27 | &nbsp;&nbsp; 160 | 161767 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 4.90%, 07/09/27 | &nbsp;&nbsp; $125 | $126707 |
| 4.90%, 03/13/29 | &nbsp;&nbsp; 180 | 184600 |
| 4.90%, 01/10/34 | &nbsp;&nbsp; 175 | 177713 |
| 5.05%, 07/10/31 | &nbsp;&nbsp; 195 | 202043 |
| 5.10%, 01/08/36 | &nbsp;&nbsp; 125 | 126063 |
| 5.13%, 07/07/28 | &nbsp;&nbsp; 205 | 210413 |
| 5.15%, 07/09/32 | &nbsp;&nbsp; 145 | 150438 |
| 5.20%, 03/05/35 | &nbsp;&nbsp; 105 | 107408 |
| 5.65%, 11/15/28 | &nbsp;&nbsp; 195 | 203448 |
| 5.85%, 10/04/30 | &nbsp;&nbsp; 115 | 122852 |
| Cummins, Inc. |  |  |
| 1.50%, 09/01/30 | &nbsp;&nbsp; 245 | 221108 |
| 4.25%, 05/09/28 | &nbsp;&nbsp; 115 | 116231 |
| 4.70%, 02/15/31 | &nbsp;&nbsp; 205 | 210929 |
| 4.90%, 02/20/29 | &nbsp;&nbsp; 110 | 113482 |
| 5.15%, 02/20/34 | &nbsp;&nbsp; 120 | 125273 |
| 5.30%, 05/09/35 | &nbsp;&nbsp; 260 | 273634 |
| Ford Motor Co. |  |  |
| 3.25%, 02/12/32 | &nbsp;&nbsp; 565 | 508101 |
| 6.10%, 08/19/32 | &nbsp;&nbsp; 400 | 418137 |
| 6.63%, 10/01/28 | &nbsp;&nbsp; 5 | 5286 |
| 7.45%, 07/16/31 | &nbsp;&nbsp; 270 | 301529 |
| 9.63%, 04/22/30 | &nbsp;&nbsp; 75 | 87624 |
| Ford Motor Credit Co. LLC |  |  |
| 2.90%, 02/16/28 | &nbsp;&nbsp; 200 | 194074 |
| 2.90%, 02/10/29 | &nbsp;&nbsp; 200 | 190320 |
| 3.63%, 06/17/31 | &nbsp;&nbsp; 210 | 195653 |
| 3.82%, 11/02/27 | &nbsp;&nbsp; 130 | 128940 |
| 4.00%, 11/13/30 | &nbsp;&nbsp; 340 | 325632 |
| 4.13%, 08/17/27 | &nbsp;&nbsp; 305 | 303880 |
| 4.95%, 05/28/27 | &nbsp;&nbsp; 380 | 382736 |
| 4.97%, 04/06/29 | &nbsp;&nbsp; 200 | 201308 |
| 5.11%, 05/03/29 | &nbsp;&nbsp; 335 | 338199 |
| 5.30%, 09/06/29 | &nbsp;&nbsp; 205 | 207946 |
| 5.73%, 09/05/30 | &nbsp;&nbsp; 210 | 216047 |
| 5.75%, 04/06/33 | &nbsp;&nbsp; 220 | 224162 |
| 5.80%, 03/05/27 | &nbsp;&nbsp; 210 | 212805 |
| 5.80%, 03/08/29 | &nbsp;&nbsp; 260 | 267768 |
| 5.85%, 05/17/27 | &nbsp;&nbsp; 265 | 269319 |
| 5.87%, 10/31/35 | &nbsp;&nbsp; 225 | 225748 |
| 5.88%, 11/07/29 | &nbsp;&nbsp; 220 | 227414 |
| 5.92%, 03/20/28 | &nbsp;&nbsp; 200 | 205200 |
| 6.05%, 03/05/31 | &nbsp;&nbsp; 210 | 218387 |
| 6.05%, 11/05/31 | &nbsp;&nbsp; 240 | 249397 |
| 6.13%, 03/08/34 | &nbsp;&nbsp; 335 | 346400 |
| 6.50%, 02/07/35 | &nbsp;&nbsp; 285 | 299108 |
| 6.53%, 03/19/32 | &nbsp;&nbsp; 200 | 212678 |
| 6.80%, 05/12/28 | &nbsp;&nbsp; 337 | 352461 |
| 6.80%, 11/07/28 | &nbsp;&nbsp; 340 | 358098 |
| 7.12%, 11/07/33 | &nbsp;&nbsp; 285 | 310713 |
| 7.20%, 06/10/30 | &nbsp;&nbsp; 205 | 221133 |
| 7.35%, 11/04/27 | &nbsp;&nbsp; 330 | 344380 |
| 7.35%, 03/06/30 | &nbsp;&nbsp; 235 | 254495 |
| General Motors Co. |  |  |
| 4.20%, 10/01/27 | &nbsp;&nbsp; 210 | 210429 |
| 5.00%, 10/01/28 | &nbsp;&nbsp; 122 | 124426 |
| 5.00%, 04/01/35 | &nbsp;&nbsp; 170 | 168772 |
| 5.35%, 04/15/28 | &nbsp;&nbsp; 120 | 122957 |
| 5.40%, 10/15/29 | &nbsp;&nbsp; 230 | 239058 |
| 5.60%, 10/15/32 | &nbsp;&nbsp; 255 | 268680 |
| 5.63%, 04/15/30 | &nbsp;&nbsp; 175 | 183430 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| 6.25%, 04/15/35 | &nbsp;&nbsp; $105 | $112624 |
| 6.80%, 10/01/27 | &nbsp;&nbsp; 225 | 233367 |
| General Motors Financial Co., Inc. |  |  |
| 2.35%, 01/08/31 | &nbsp;&nbsp; 243 | 221099 |
| 2.40%, 04/10/28 | &nbsp;&nbsp; 195 | 188662 |
| 2.40%, 10/15/28 | &nbsp;&nbsp; 220 | 210717 |
| 2.70%, 08/20/27 | &nbsp;&nbsp; 200 | 196357 |
| 2.70%, 06/10/31 | &nbsp;&nbsp; 330 | 302986 |
| 3.10%, 01/12/32 | &nbsp;&nbsp; 320 | 295774 |
| 3.60%, 06/21/30 | &nbsp;&nbsp; 266 | 258452 |
| 3.85%, 01/05/28 | &nbsp;&nbsp; 110 | 109662 |
| 4.20%, 10/27/28 | &nbsp;&nbsp; 195 | 195731 |
| 4.30%, 04/06/29 | &nbsp;&nbsp; 265 | 266185 |
| 4.60%, 01/08/31 | &nbsp;&nbsp; 120 | 121103 |
| 4.90%, 10/06/29 | &nbsp;&nbsp; 245 | 250505 |
| 5.00%, 04/09/27 | &nbsp;&nbsp; 360 | 363702 |
| 5.00%, 07/15/27 | &nbsp;&nbsp; 145 | 146876 |
| 5.05%, 04/04/28 | &nbsp;&nbsp; 220 | 224259 |
| 5.35%, 07/15/27 | &nbsp;&nbsp; 225 | 228840 |
| 5.35%, 01/07/30 | &nbsp;&nbsp; 270 | 280236 |
| 5.40%, 05/08/27 | &nbsp;&nbsp; 215 | 218373 |
| 5.45%, 07/15/30 | &nbsp;&nbsp; 215 | 224646 |
| 5.45%, 09/06/34 | &nbsp;&nbsp; 165 | 169409 |
| 5.45%, 01/08/36<sup>(a)</sup> | &nbsp;&nbsp; 145 | 147518 |
| 5.55%, 07/15/29 | &nbsp;&nbsp; 275 | 286342 |
| 5.60%, 06/18/31 | &nbsp;&nbsp; 140 | 147039 |
| 5.63%, 04/04/32 | &nbsp;&nbsp; 115 | 120850 |
| 5.65%, 01/17/29 | &nbsp;&nbsp; 120 | 124429 |
| 5.75%, 02/08/31 | &nbsp;&nbsp; 170 | 179533 |
| 5.80%, 06/23/28 | &nbsp;&nbsp; 295 | 305619 |
| 5.80%, 01/07/29 | &nbsp;&nbsp; 335 | 349874 |
| 5.85%, 04/06/30 | &nbsp;&nbsp; 210 | 221769 |
| 5.90%, 01/07/35 | &nbsp;&nbsp; 220 | 231180 |
| 5.95%, 04/04/34 | &nbsp;&nbsp; 280 | 297110 |
| 6.00%, 01/09/28 | &nbsp;&nbsp; 235 | 242637 |
| 6.10%, 01/07/34 | &nbsp;&nbsp; 340 | 364015 |
| 6.15%, 07/15/35 | &nbsp;&nbsp; 135 | 144420 |
| 6.40%, 01/09/33 | &nbsp;&nbsp; 230 | 250305 |
| Honda Motor Co. Ltd. |  |  |
| 2.53%, 03/10/27 | &nbsp;&nbsp; 45 | 44420 |
| 2.97%, 03/10/32 | &nbsp;&nbsp; 170 | 157475 |
| 4.44%, 07/08/28 | &nbsp;&nbsp; 170 | 171924 |
| 4.69%, 07/08/30 | &nbsp;&nbsp; 285 | 290546 |
| 5.34%, 07/08/35 | &nbsp;&nbsp; 215 | 222545 |
| Mercedes-Benz Finance North America LLC, 8.50%, <br> 01/18/31<br>| &nbsp;&nbsp; 420 | 498545 |
| PACCAR Financial Corp. |  |  |
| 3.90%, 02/05/29 | &nbsp;&nbsp; 75 | 75526 |
| 4.00%, 08/08/28 | &nbsp;&nbsp; 130 | 131111 |
| 4.00%, 09/26/29 | &nbsp;&nbsp; 105 | 105767 |
| 4.25%, 06/23/27 | &nbsp;&nbsp; 110 | 110824 |
| 4.45%, 08/06/27 | &nbsp;&nbsp; 145 | 146756 |
| 4.55%, 03/03/28 | &nbsp;&nbsp; 140 | 142583 |
| 4.55%, 05/08/30 | &nbsp;&nbsp; 105 | 107476 |
| 4.60%, 01/10/28 | &nbsp;&nbsp; 110 | 111963 |
| 4.60%, 01/31/29 | &nbsp;&nbsp; 205 | 209930 |
| 4.95%, 08/10/28 | &nbsp;&nbsp; 60 | 61709 |
| 5.00%, 05/13/27 | &nbsp;&nbsp; 90 | 91484 |
| 5.00%, 03/22/34 | &nbsp;&nbsp; 95 | 98618 |
| Series R, 4.00%, 11/07/28 | &nbsp;&nbsp; 90 | 90637 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| Toyota Motor Corp. |  |  |
| 2.36%, 03/25/31 | &nbsp;&nbsp; $148 | $136891 |
| 2.76%, 07/02/29 | &nbsp;&nbsp; 90 | 86951 |
| 3.67%, 07/20/28 | &nbsp;&nbsp; 85 | 85093 |
| 4.19%, 06/30/27 | &nbsp;&nbsp; 175 | 176137 |
| 4.45%, 06/30/30 | &nbsp;&nbsp; 70 | 71326 |
| 5.05%, 06/30/35<sup>(a)</sup> | &nbsp;&nbsp; 125 | 130096 |
| 5.12%, 07/13/28 | &nbsp;&nbsp; 155 | 159660 |
| 5.12%, 07/13/33 | &nbsp;&nbsp; 100 | 104916 |
| Toyota Motor Credit Corp. |  |  |
| 1.15%, 08/13/27 | &nbsp;&nbsp; 130 | 125554 |
| 1.65%, 01/10/31 | &nbsp;&nbsp; 155 | 138709 |
| 1.90%, 04/06/28 | &nbsp;&nbsp; 165 | 159341 |
| 1.90%, 09/12/31 | &nbsp;&nbsp; 145 | 129187 |
| 2.15%, 02/13/30 | &nbsp;&nbsp; 170 | 159121 |
| 2.40%, 01/13/32 | &nbsp;&nbsp; 35 | 31804 |
| 3.05%, 03/22/27 | &nbsp;&nbsp; 365 | 362647 |
| 3.05%, 01/11/28 | &nbsp;&nbsp; 140 | 138419 |
| 3.38%, 04/01/30 | &nbsp;&nbsp; 255 | 249360 |
| 3.65%, 01/08/29 | &nbsp;&nbsp; 140 | 139701 |
| 4.05%, 09/05/28 | &nbsp;&nbsp; 215 | 216732 |
| 4.35%, 10/08/27 | &nbsp;&nbsp; 295 | 298036 |
| 4.45%, 06/29/29 | &nbsp;&nbsp; 210 | 213944 |
| 4.50%, 05/14/27 | &nbsp;&nbsp; 180 | 181726 |
| 4.55%, 09/20/27 | &nbsp;&nbsp; 225 | 227972 |
| 4.55%, 08/09/29 | &nbsp;&nbsp; 240 | 245251 |
| 4.55%, 05/17/30 | &nbsp;&nbsp; 125 | 127968 |
| 4.60%, 10/10/31 | &nbsp;&nbsp; 200 | 204470 |
| 4.63%, 01/12/28 | &nbsp;&nbsp; 245 | 249205 |
| 4.65%, 01/05/29 | &nbsp;&nbsp; 205 | 209893 |
| 4.65%, 09/03/32 | &nbsp;&nbsp; 190 | 193869 |
| 4.70%, 01/12/33 | &nbsp;&nbsp; 135 | 138031 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 170 | 175403 |
| 4.80%, 01/05/34 | &nbsp;&nbsp; 195 | 199729 |
| 4.95%, 01/09/30 | &nbsp;&nbsp; 175 | 181395 |
| 5.05%, 05/16/29 | &nbsp;&nbsp; 170 | 176179 |
| 5.10%, 03/21/31 | &nbsp;&nbsp; 190 | 198779 |
| 5.25%, 09/11/28 | &nbsp;&nbsp; 140 | 145004 |
| 5.35%, 01/09/35 | &nbsp;&nbsp; 115 | 121728 |
| 5.45%, 11/10/27 | &nbsp;&nbsp; 205 | 210990 |
| 5.55%, 11/20/30 | &nbsp;&nbsp; 290 | 308750 |
| Series B, 3.75%, 01/12/28 | &nbsp;&nbsp; 155 | 155264 |
| Series B, 4.20%, 01/10/31 | &nbsp;&nbsp; 155 | 156116 |
| Series B, 4.80%, 01/11/36 | &nbsp;&nbsp; 175 | 176548 |
| Series B, 5.00%, 03/19/27 | &nbsp;&nbsp; 150 | 152028 |
|  |  | 33877861 |
| **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.25%, 03/01/32 | &nbsp;&nbsp; 205 | 193865 |
| 4.65%, 09/13/29 | &nbsp;&nbsp; 200 | 204893 |
| 5.15%, 09/13/34 | &nbsp;&nbsp; 200 | 205129 |
| BorgWarner, Inc. |  |  |
| 2.65%, 07/01/27 | &nbsp;&nbsp; 308 | 302601 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 135 | 138662 |
| 5.40%, 08/15/34 | &nbsp;&nbsp; 120 | 124659 |
| Lear Corp. |  |  |
| 2.60%, 01/15/32 | &nbsp;&nbsp; 130 | 118020 |
| 3.50%, 05/30/30 | &nbsp;&nbsp; 90 | 87291 |
| 3.80%, 09/15/27 | &nbsp;&nbsp; 168 | 167632 |
| 4.25%, 05/15/29 | &nbsp;&nbsp; 126 | 125991 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** |
| Magna International, Inc. |  |  |
| 2.45%, 06/15/30 | &nbsp;&nbsp; $170 | $159282 |
| 5.05%, 03/14/29 | &nbsp;&nbsp; 125 | 128736 |
| 5.50%, 03/21/33 | &nbsp;&nbsp; 155 | 163000 |
| 5.88%, 06/01/35 | &nbsp;&nbsp; 85 | 91058 |
|  |  | 2210819 |
| **Banks — 8.3%** | **Banks — 8.3%** | **Banks — 8.3%** |
| Associated Banc-Corp, 6.46%, 08/29/30, (1-day <br> SOFR + 3.03%)<sup>(b)</sup><br>| &nbsp;&nbsp; 5 | 5223 |
| Australia & New Zealand Banking Group <br> Ltd./New York<br>|  |  |
| 3.92%, 09/30/27 | &nbsp;&nbsp; 250 | 251073 |
| 4.62%, 12/16/29 | &nbsp;&nbsp; 250 | 257134 |
| 4.90%, 07/16/27 | &nbsp;&nbsp; 250 | 254065 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| 4.15%, 03/03/29 | &nbsp;&nbsp; 200 | 199997 |
| 5.13%, 03/03/36 | &nbsp;&nbsp; 200 | 198820 |
| 5.38%, 03/13/29 | &nbsp;&nbsp; 200 | 208009 |
| 6.03%, 03/13/35, (1-year CMT + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 262002 |
| 6.14%, 09/14/28, (1-year CMT + 2.70%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 206303 |
| 7.88%, 11/15/34, (1-year CMT + 3.30%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 233114 |
| Banco Santander SA |  |  |
| 2.75%, 12/03/30 | &nbsp;&nbsp; 325 | 298920 |
| 2.96%, 03/25/31 | &nbsp;&nbsp; 200 | 186917 |
| 3.23%, 11/22/32, (1-year CMT + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 207332 |
| 3.31%, 06/27/29 | &nbsp;&nbsp; 205 | 200185 |
| 3.49%, 05/28/30 | &nbsp;&nbsp; 200 | 194170 |
| 3.80%, 02/23/28 | &nbsp;&nbsp; 215 | 214129 |
| 4.18%, 03/24/28, (1-year CMT + 2.00%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 300148 |
| 4.25%, 04/11/27 | &nbsp;&nbsp; 235 | 235420 |
| 4.38%, 04/12/28 | &nbsp;&nbsp; 275 | 276608 |
| 4.55%, 11/06/30 | &nbsp;&nbsp; 200 | 201575 |
| 5.13%, 11/06/35 | &nbsp;&nbsp; 210 | 211176 |
| 5.29%, 08/18/27 | &nbsp;&nbsp; 315 | 320610 |
| 5.37%, 07/15/28, (1-year CMT + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 249309 |
| 5.44%, 07/15/31 | &nbsp;&nbsp; 310 | 327570 |
| 5.54%, 03/14/30, (1-year CMT + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 420398 |
| 5.55%, 03/14/28, (1-year CMT + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 218160 |
| 5.57%, 01/17/30 | &nbsp;&nbsp; 200 | 209476 |
| 5.59%, 08/08/28 | &nbsp;&nbsp; 320 | 331390 |
| 6.03%, 01/17/35 | &nbsp;&nbsp; 215 | 231567 |
| 6.35%, 03/14/34 | &nbsp;&nbsp; 245 | 264486 |
| 6.61%, 11/07/28 | &nbsp;&nbsp; 365 | 388618 |
| 6.92%, 08/08/33 | &nbsp;&nbsp; 410 | 455361 |
| 6.94%, 11/07/33 | &nbsp;&nbsp; 300 | 345713 |
| Bank of America Corp. |  |  |
| 1.90%, 07/23/31, (1-day SOFR + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 690 | 625840 |
| 1.92%, 10/24/31, (1-day SOFR + 1.37%)<sup>(b)</sup> | &nbsp;&nbsp; 660 | 594889 |
| 2.09%, 06/14/29, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 700 | 670527 |
| 2.30%, 07/21/32, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 895 | 806673 |
| 2.48%, 09/21/36, (5-year CMT + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 395 | 348963 |
| 2.50%, 02/13/31, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 875 | 821447 |
| 2.57%, 10/20/32, (1-day SOFR + 1.21%)<sup>(b)</sup> | &nbsp;&nbsp; 802 | 729820 |
| 2.59%, 04/29/31, (1-day SOFR + 2.15%)<sup>(b)</sup> | &nbsp;&nbsp; 775 | 728158 |
| 2.69%, 04/22/32, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 1065 | 986432 |
| 2.88%, 10/22/30, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(b)</sup><br>| &nbsp;&nbsp; 578 | 553643 |
| 2.97%, 02/04/33, (1-day SOFR + 1.33%)<sup>(b)</sup> | &nbsp;&nbsp; 885 | 817605 |
| 3.19%, 07/23/30, (3-mo. CME Term SOFR + <br> 1.44%)<sup>(b)</sup><br>| &nbsp;&nbsp; 640 | 622075 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.25%, 10/21/27 | &nbsp;&nbsp; $646 | $640596 |
| 3.42%, 12/20/28, (3-mo. CME Term SOFR + <br> 1.30%)<sup>(b)</sup><br>| &nbsp;&nbsp; 1363 | 1349094 |
| 3.59%, 07/21/28, (3-mo. CME Term SOFR + <br> 1.63%)<sup>(b)</sup><br>| &nbsp;&nbsp; 540 | 536844 |
| 3.71%, 04/24/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 576 | 574100 |
| 3.85%, 03/08/37, (5-year CMT + 2.00%)<sup>(b)</sup> | &nbsp;&nbsp; 540 | 510945 |
| 3.97%, 03/05/29, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(b)</sup><br>| &nbsp;&nbsp; 616 | 615555 |
| 3.97%, 02/07/30, (3-mo. CME Term SOFR + <br> 1.47%)<sup>(b)</sup><br>| &nbsp;&nbsp; 727 | 725877 |
| 4.27%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(b)</sup><br>| &nbsp;&nbsp; 710 | 713901 |
| 4.38%, 04/27/28, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 525 | 527296 |
| 4.46%, 02/06/32, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 625 | 629538 |
| 4.57%, 04/27/33, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 955 | 959371 |
| 4.62%, 05/09/29, (1-day SOFR + 1.11%)<sup>(b)</sup> | &nbsp;&nbsp; 585 | 593066 |
| 4.95%, 07/22/28, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 745 | 754208 |
| 4.98%, 01/24/29, (1-day SOFR + 0.83%)<sup>(b)</sup> | &nbsp;&nbsp; 370 | 376491 |
| 5.02%, 07/22/33, (1-day SOFR + 2.16%)<sup>(b)</sup> | &nbsp;&nbsp; 1175 | 1208045 |
| 5.05%, 02/06/37, (1-day SOFR + 1.13%)<sup>(b)</sup> | &nbsp;&nbsp; 625 | 633820 |
| 5.16%, 01/24/31, (1-day SOFR + 1.00%)<sup>(b)</sup> | &nbsp;&nbsp; 745 | 773127 |
| 5.20%, 04/25/29, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 810 | 829833 |
| 5.29%, 04/25/34, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 1250 | 1297718 |
| 5.43%, 08/15/35, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 565 | 578455 |
| 5.46%, 05/09/36, (1-day SOFR + 1.64%)<sup>(b)</sup> | &nbsp;&nbsp; 515 | 539463 |
| 5.47%, 01/23/35, (1-day SOFR + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 1225 | 1283840 |
| 5.51%, 01/24/36, (1-day SOFR + 1.31%)<sup>(b)</sup> | &nbsp;&nbsp; 870 | 911971 |
| 5.52%, 10/25/35, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 780 | 800951 |
| 5.74%, 02/12/36, (1-day SOFR + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 485 | 506795 |
| 5.82%, 09/15/29, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 670 | 698669 |
| 5.87%, 09/15/34, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 955 | 1024559 |
| 6.20%, 11/10/28, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 475 | 491933 |
| Series L, 4.18%, 11/25/27 | &nbsp;&nbsp; 432 | 432517 |
| Series N, 2.65%, 03/11/32, (1-day SOFR + <br> 1.22%)<sup>(b)</sup><br>| &nbsp;&nbsp; 515 | 477779 |
| Bank of Montreal |  |  |
| 2.65%, 03/08/27 | &nbsp;&nbsp; 330 | 326468 |
| 3.09%, 01/10/37, (5-year CMT + 1.40%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 191667 |
| 3.80%, 12/15/32, (5-year USD Swap + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 295 | 292416 |
| 4.06%, 09/22/28, (1-day SOFR Index + 0.75%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 225521 |
| 4.35%, 09/22/31, (1-day SOFR Index + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 246563 |
| 4.64%, 09/10/30, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 203601 |
| 5.00%, 01/27/29, (1-day SOFR Index + 0.67%)<sup>(b)</sup> | &nbsp;&nbsp; 205 | 209029 |
| 5.20%, 02/01/28 | &nbsp;&nbsp; 365 | 374163 |
| 5.37%, 06/04/27 | &nbsp;&nbsp; 270 | 275100 |
| 5.51%, 06/04/31 | &nbsp;&nbsp; 380 | 402436 |
| 5.72%, 09/25/28 | &nbsp;&nbsp; 285 | 297079 |
| Series H, 4.70%, 09/14/27 | &nbsp;&nbsp; 325 | 329041 |
| Series J, 4.44%, 01/14/32, (1-day SOFR + <br> 0.97%)<sup>(b)</sup><br>| &nbsp;&nbsp; 195 | 196091 |
| Bank of New York Mellon Corp.(The) |  |  |
| 1.65%, 07/14/28 | &nbsp;&nbsp; 149 | 142507 |
| 1.65%, 01/28/31 | &nbsp;&nbsp; 230 | 206726 |
| 1.80%, 07/28/31 | &nbsp;&nbsp; 189 | 168013 |
| 2.50%, 01/26/32 | &nbsp;&nbsp; 150 | 137376 |
| 3.00%, 10/30/28 | &nbsp;&nbsp; 125 | 121985 |
| 3.25%, 05/16/27 | &nbsp;&nbsp; 160 | 159303 |
| 3.30%, 08/23/29 | &nbsp;&nbsp; 149 | 145635 |
| 3.40%, 01/29/28 | &nbsp;&nbsp; 226 | 224774 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.85%, 04/28/28 | &nbsp;&nbsp; $220 | $220820 |
| 3.85%, 04/26/29 | &nbsp;&nbsp; 100 | 100279 |
| 3.99%, 06/13/28, (1-day SOFR + 1.15%)<sup>(b)</sup> | &nbsp;&nbsp; 60 | 60101 |
| 4.03%, 01/22/30, (1-day SOFR + 0.63%)<sup>(b)</sup> | &nbsp;&nbsp; 140 | 140207 |
| 4.29%, 06/13/33, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 198480 |
| 4.44%, 06/09/28, (1-day SOFR + 0.68%)<sup>(b)</sup> | &nbsp;&nbsp; 190 | 191374 |
| 4.54%, 02/01/29, (1-day SOFR + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 185 | 187081 |
| 4.60%, 07/26/30, (1-day SOFR + 1.76%)<sup>(b)</sup> | &nbsp;&nbsp; 140 | 142842 |
| 4.71%, 02/01/34, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 205 | 207500 |
| 4.89%, 07/21/28, (1-day SOFR + 0.84%)<sup>(b)</sup> | &nbsp;&nbsp; 160 | 162314 |
| 4.94%, 02/11/31, (1-day SOFR + 0.89%)<sup>(b)</sup> | &nbsp;&nbsp; 375 | 386696 |
| 4.97%, 04/26/34, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 295 | 302590 |
| 4.98%, 03/14/30, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 231554 |
| 5.06%, 07/22/32, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 285 | 296464 |
| 5.19%, 03/14/35, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 280 | 291308 |
| 5.23%, 11/20/35, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 207954 |
| 5.32%, 06/06/36, (1-day SOFR + 1.35%)<sup>(b)</sup> | &nbsp;&nbsp; 90 | 93791 |
| 5.61%, 07/21/39, (1-day SOFR + 1.77%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 52654 |
| 5.80%, 10/25/28, (1-day SOFR Index + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 257763 |
| 5.83%, 10/25/33, (1-day SOFR Index + 2.07%)<sup>(b)</sup> | &nbsp;&nbsp; 360 | 389715 |
| 6.32%, 10/25/29, (1-day SOFR + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 291028 |
| 6.47%, 10/25/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 310 | 347652 |
| Series J, 1.90%, 01/25/29 | &nbsp;&nbsp; 125 | 118619 |
| Bank of Nova Scotia(The) |  |  |
| 2.15%, 08/01/31 | &nbsp;&nbsp; 271 | 244656 |
| 2.45%, 02/02/32 | &nbsp;&nbsp; 220 | 199090 |
| 2.95%, 03/11/27 | &nbsp;&nbsp; 175 | 173648 |
| 4.04%, 09/15/28, (1-day SOFR + 0.76%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200218 |
| 4.25%, 02/02/30, (1-day SOFR + 0.73%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 271454 |
| 4.34%, 09/15/31, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 205 | 205580 |
| 4.40%, 09/08/28, (1-day SOFR + 1.00%)<sup>(b)</sup> | &nbsp;&nbsp; 260 | 261637 |
| 4.59%, 05/04/37, (5-year CMT + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 230948 |
| 4.74%, 11/10/32, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 180 | 183055 |
| 4.81%, 02/02/34, (1-day SOFR + 1.05%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 217480 |
| 4.85%, 02/01/30 | &nbsp;&nbsp; 325 | 334439 |
| 4.93%, 02/14/29, (1-day SOFR + 0.89%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 305383 |
| 5.13%, 02/14/31, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 264095 |
| 5.25%, 06/12/28 | &nbsp;&nbsp; 215 | 221440 |
| 5.40%, 06/04/27 | &nbsp;&nbsp; 260 | 265174 |
| 5.45%, 08/01/29 | &nbsp;&nbsp; 165 | 172760 |
| 5.65%, 02/01/34 | &nbsp;&nbsp; 155 | 165742 |
| BankUnited, Inc., 5.13%, 06/11/30 | &nbsp;&nbsp; 65 | 65741 |
| Barclays PLC |  |  |
| 2.65%, 06/24/31, (1-year CMT + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 230 | 214826 |
| 2.67%, 03/10/32, (1-year CMT + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 225333 |
| 2.89%, 11/24/32, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 380 | 348086 |
| 3.56%, 09/23/35, (5-year CMT + 2.90%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 190363 |
| 4.22%, 05/24/30, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 199991 |
| 4.34%, 01/10/28 | &nbsp;&nbsp; 310 | 310720 |
| 4.48%, 11/11/29, (1-day SOFR + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 201519 |
| 4.52%, 02/24/32, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200232 |
| 4.84%, 05/09/28 | &nbsp;&nbsp; 440 | 443317 |
| 4.84%, 09/10/28, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 222320 |
| 4.94%, 09/10/30, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 290 | 296348 |
| 4.97%, 05/16/29, (3-mo. SOFR US + 2.16%)<sup>(b)</sup> | &nbsp;&nbsp; 395 | 401779 |
| 5.09%, 02/25/29, (1-day SOFR + 0.96%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 218951 |
| 5.09%, 06/20/30, (3-mo. SOFR US + 3.32%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 331356 |
| 5.21%, 02/24/37, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 199662 |
| 5.34%, 09/10/35, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 515 | 526556 |
| 5.37%, 02/25/31, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 490 | 508490 |
| 5.50%, 08/09/28, (1-year CMT + 2.65%)<sup>(b)</sup> | &nbsp;&nbsp; 395 | 402566 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.67%, 03/12/28, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; $245 | $248855 |
| 5.69%, 03/12/30, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 440 | 458494 |
| 5.75%, 08/09/33, (1-year CMT + 3.00%)<sup>(b)</sup> | &nbsp;&nbsp; 230 | 243335 |
| 5.79%, 02/25/36, (1-day SOFR + 1.59%)<sup>(b)</sup> | &nbsp;&nbsp; 375 | 392722 |
| 6.22%, 05/09/34, (1-day SOFR + 2.98%)<sup>(b)</sup> | &nbsp;&nbsp; 420 | 453912 |
| 6.49%, 09/13/29, (1-day SOFR + 2.22%)<sup>(b)</sup> | &nbsp;&nbsp; 265 | 279719 |
| 6.69%, 09/13/34, (1-day SOFR + 2.62%)<sup>(b)</sup> | &nbsp;&nbsp; 380 | 421833 |
| 7.12%, 06/27/34, (1-day SOFR + 3.57%)<sup>(b)</sup> | &nbsp;&nbsp; 315 | 353525 |
| 7.39%, 11/02/28, (1-year CMT + 3.30%)<sup>(b)</sup> | &nbsp;&nbsp; 285 | 299898 |
| 7.44%, 11/02/33, (1-year CMT + 3.50%)<sup>(b)</sup> | &nbsp;&nbsp; 425 | 487675 |
| Blackstone Reg Finance Co. LLC |  |  |
| 4.30%, 11/03/30 | &nbsp;&nbsp; 120 | 119750 |
| 4.95%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 65 | 64345 |
| 5.00%, 12/06/34 | &nbsp;&nbsp; 240 | 240298 |
| Canadian Imperial Bank of Commerce |  |  |
| 3.45%, 04/07/27 | &nbsp;&nbsp; 275 | 274113 |
| 3.60%, 04/07/32 | &nbsp;&nbsp; 375 | 360868 |
| 4.24%, 09/08/28, (1-day SOFR Index + 0.60%)<sup>(b)</sup> | &nbsp;&nbsp; 155 | 155737 |
| 4.28%, 01/29/30, (1-day SOFR Index + 0.79%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 216291 |
| 4.58%, 09/08/31, (1-day SOFR Index + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202930 |
| 4.63%, 09/11/30, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 145 | 147475 |
| 4.86%, 03/30/29, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 280 | 284896 |
| 5.00%, 04/28/28 | &nbsp;&nbsp; 210 | 214836 |
| 5.24%, 06/28/27 | &nbsp;&nbsp; 250 | 254567 |
| 5.25%, 01/13/31, (1-day SOFR + 1.11%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 243855 |
| 5.26%, 04/08/29 | &nbsp;&nbsp; 310 | 321509 |
| 5.99%, 10/03/28 | &nbsp;&nbsp; 160 | 167861 |
| 6.09%, 10/03/33 | &nbsp;&nbsp; 330 | 361663 |
| Capital One NA, 4.65%, 09/13/28 | &nbsp;&nbsp; 100 | 101561 |
| Citibank N.A. |  |  |
| 4.58%, 05/29/27 | &nbsp;&nbsp; 500 | 504440 |
| 4.84%, 08/06/29 | &nbsp;&nbsp; 350 | 359534 |
| 4.91%, 05/29/30 | &nbsp;&nbsp; 360 | 371503 |
| 5.57%, 04/30/34 | &nbsp;&nbsp; 510 | 542027 |
| 5.80%, 09/29/28 | &nbsp;&nbsp; 550 | 575772 |
| Citigroup, Inc. |  |  |
| 2.52%, 11/03/32, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 465 | 420632 |
| 2.56%, 05/01/32, (1-day SOFR + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 800 | 732623 |
| 2.57%, 06/03/31, (1-day SOFR + 2.11%)<sup>(b)</sup> | &nbsp;&nbsp; 801 | 748691 |
| 2.67%, 01/29/31, (1-day SOFR + 1.15%)<sup>(b)</sup> | &nbsp;&nbsp; 565 | 533278 |
| 2.98%, 11/05/30, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 553 | 529936 |
| 3.06%, 01/25/33, (1-day SOFR + 1.35%)<sup>(b)</sup> | &nbsp;&nbsp; 765 | 707637 |
| 3.52%, 10/27/28, (3-mo. CME Term SOFR + <br> 1.41%)<sup>(b)</sup><br>| &nbsp;&nbsp; 520 | 515973 |
| 3.67%, 07/24/28, (3-mo. CME Term SOFR + <br> 1.65%)<sup>(b)</sup><br>| &nbsp;&nbsp; 561 | 558286 |
| 3.79%, 03/17/33, (1-day SOFR + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; 800 | 768291 |
| 3.98%, 03/20/30, (3-mo. CME Term SOFR + <br> 1.60%)<sup>(b)</sup><br>| &nbsp;&nbsp; 595 | 592994 |
| 4.08%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.45%)<sup>(b)</sup><br>| &nbsp;&nbsp; 461 | 461241 |
| 4.13%, 07/25/28 | &nbsp;&nbsp; 490 | 490613 |
| 4.41%, 03/31/31, (1-day SOFR + 3.91%)<sup>(b)</sup> | &nbsp;&nbsp; 910 | 914480 |
| 4.45%, 09/29/27 | &nbsp;&nbsp; 867 | 872110 |
| 4.50%, 09/11/31, (1-day SOFR + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 495 | 498929 |
| 4.54%, 09/19/30, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 690 | 697999 |
| 4.64%, 05/07/28, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 586 | 590092 |
| 4.66%, 05/24/28, (1-day SOFR + 1.89%)<sup>(b)</sup> | &nbsp;&nbsp; 435 | 438130 |
| 4.79%, 03/04/29, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 515 | 522507 |
| 4.91%, 05/24/33, (1-day SOFR + 2.09%)<sup>(b)</sup> | &nbsp;&nbsp; 685 | 697574 |
| 4.95%, 05/07/31, (1-day SOFR + 1.46%)<sup>(b)</sup> | &nbsp;&nbsp; 465 | 477570 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.17%, 02/13/30, (1-day SOFR + 1.36%)<sup>(b)</sup> | &nbsp;&nbsp; $680 | $700507 |
| 5.17%, 09/11/36, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 355898 |
| 5.33%, 03/27/36, (1-day SOFR + 1.47%)<sup>(b)</sup> | &nbsp;&nbsp; 510 | 525439 |
| 5.41%, 09/19/39, (5-year CMT + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 175 | 176001 |
| 5.45%, 06/11/35, (1-day SOFR + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 665 | 692682 |
| 5.59%, 11/19/34, (5-year CMT + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 278360 |
| 5.83%, 02/13/35, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 595 | 619571 |
| 5.88%, 02/22/33 | &nbsp;&nbsp; 175 | 188164 |
| 6.00%, 10/31/33 | &nbsp;&nbsp; 150 | 161541 |
| 6.02%, 01/24/36, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 475 | 498456 |
| 6.17%, 05/25/34, (1-day SOFR + 2.66%)<sup>(b)</sup> | &nbsp;&nbsp; 620 | 661882 |
| 6.27%, 11/17/33, (1-day SOFR + 2.34%)<sup>(b)</sup> | &nbsp;&nbsp; 720 | 789810 |
| 6.63%, 01/15/28 | &nbsp;&nbsp; 100 | 105042 |
| 6.63%, 06/15/32 | &nbsp;&nbsp; 295 | 328142 |
| Citizens Bank NA, 4.58%, 08/09/28, (1-day SOFR + <br> 2.00%)<sup>(b)</sup><br>| &nbsp;&nbsp; 250 | 252006 |
| Citizens Financial Group, Inc. |  |  |
| 2.50%, 02/06/30 | &nbsp;&nbsp; 82 | 77039 |
| 2.64%, 09/30/32 | &nbsp;&nbsp; 205 | 180179 |
| 3.25%, 04/30/30 | &nbsp;&nbsp; 185 | 177872 |
| 5.25%, 03/05/31, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 195 | 201098 |
| 5.30%, 01/29/36, (5-year CMT + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25309 |
| 5.64%, 05/21/37, (5-year CMT + 2.75%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51353 |
| 5.72%, 07/23/32, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 370 | 389789 |
| 5.84%, 01/23/30, (1-day SOFR + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 282244 |
| 6.65%, 04/25/35, (1-day SOFR + 2.33%)<sup>(b)</sup> | &nbsp;&nbsp; 140 | 154835 |
| Commonwealth Bank of Australia, 4.15%, 10/01/30 | &nbsp;&nbsp; 250 | 252458 |
| Commonwealth Bank of Australia/New York, 4.42%, <br> 03/14/28<br>| &nbsp;&nbsp; 250 | 253633 |
| Cooperatieve Rabobank UA/NY |  |  |
| 4.49%, 10/17/29 | &nbsp;&nbsp; 250 | 255596 |
| 5.04%, 03/05/27 | &nbsp;&nbsp; 115 | 116528 |
| Deutsche Bank AG/New York NY |  |  |
| 3.04%, 05/28/32, (1-day SOFR + 1.72%)<sup>(b)</sup> | &nbsp;&nbsp; 205 | 189994 |
| 3.55%, 09/18/31, (1-day SOFR + 3.04%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 316917 |
| 3.73%, 01/14/32, (1-day SOFR + 2.76%)<sup>(b)</sup> | &nbsp;&nbsp; 265 | 252207 |
| 3.74%, 01/07/33, (1-day SOFR + 2.26%)<sup>(b)</sup> | &nbsp;&nbsp; 265 | 248081 |
| 4.73%, 02/06/32, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 151246 |
| 4.88%, 12/01/32, (5-year USD ICE Swap + <br> 2.55%)<sup>(b)</sup><br>| &nbsp;&nbsp; 235 | 235706 |
| 4.95%, 08/04/31, (1-day SOFR + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 190 | 193504 |
| 5.00%, 09/11/30, (1-day SOFR + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 190 | 194010 |
| 5.30%, 05/09/31, (1-day SOFR + 1.72%)<sup>(b)</sup> | &nbsp;&nbsp; 160 | 165222 |
| 5.37%, 09/09/27 | &nbsp;&nbsp; 200 | 205070 |
| 5.37%, 01/10/29, (1-day SOFR + 1.21%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 306525 |
| 5.40%, 09/11/35, (1-day SOFR + 2.05%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 270 | 276689 |
| 5.41%, 05/10/29 | &nbsp;&nbsp; 235 | 245002 |
| 5.88%, 07/08/31, (1-day SOFR + 5.44%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 208243 |
| 6.72%, 01/18/29, (1-day SOFR + 3.18%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 287472 |
| 6.82%, 11/20/29, (1-day SOFR + 2.51%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 372722 |
| 7.08%, 02/10/34, (1-day SOFR + 3.65%)<sup>(b)</sup> | &nbsp;&nbsp; 260 | 286011 |
| Fifth Third Bancorp |  |  |
| 2.55%, 05/05/27 | &nbsp;&nbsp; 285 | 280680 |
| 3.95%, 03/14/28 | &nbsp;&nbsp; 220 | 220043 |
| 4.06%, 04/25/28, (1-day SOFR + 1.36%)<sup>(b)</sup> | &nbsp;&nbsp; 145 | 144939 |
| 4.34%, 04/25/33, (1-day SOFR + 1.66%)<sup>(b)</sup> | &nbsp;&nbsp; 75 | 74121 |
| 4.57%, 04/29/32, (1-day SOFR + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 180 | 181010 |
| 4.77%, 07/28/30, (1-day SOFR + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 304878 |
| 4.90%, 09/06/30, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 115 | 117376 |
| 5.14%, 01/29/37, (1-day SOFR + 1.24%)<sup>(b)</sup> | &nbsp;&nbsp; 170 | 170326 |
| 5.63%, 01/29/32, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 316143 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.34%, 07/27/29, (1-day SOFR + 2.34%)<sup>(b)</sup> | &nbsp;&nbsp; $240 | $252370 |
| 6.36%, 10/27/28, (1-day SOFR Index + 2.19%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 233520 |
| Fifth Third Bank N.A., 5.33%, 08/25/33, (1-day <br> SOFR + 2.61%)<sup>(b)</sup><br>| &nbsp;&nbsp; 30 | 30835 |
| Fifth Third Financial Corp. |  |  |
| 4.00%, 02/01/29 | &nbsp;&nbsp; 145 | 144897 |
| 5.98%, 01/30/30, (1-day SOFR + 2.16%)<sup>(b)</sup> | &nbsp;&nbsp; 254 | 266231 |
| First Citizens BancShares Inc/NC, 4.87%, 03/03/32, <br> (1-day SOFR + 1.49%)<sup>(b)</sup><br>| &nbsp;&nbsp; 75 | 74750 |
| First Citizens BancShares, Inc. |  |  |
| 5.23%, 03/12/31, (1-day SOFR + 1.41%)<sup>(b)</sup> | &nbsp;&nbsp; 70 | 71040 |
| 5.60%, 09/05/35, (5-year CMT + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 201049 |
| 6.25%, 03/12/40, (5-year CMT + 1.97%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 152714 |
| First-Citizens Bank & Trust Co., 6.13%, 03/09/28 | &nbsp;&nbsp; 75 | 77544 |
| FNB Corp., 5.72%, 12/11/30, (1-day SOFR Index + <br> 1.93%)<sup>(b)</sup><br>| &nbsp;&nbsp; 55 | 56559 |
| Goldman Sachs Capital I, 6.35%, 02/15/34 | &nbsp;&nbsp; 215 | 231289 |
| Goldman Sachs Group, Inc.(The) |  |  |
| 1.99%, 01/27/32, (1-day SOFR + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 587 | 525140 |
| 2.38%, 07/21/32, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 940 | 847629 |
| 2.60%, 02/07/30 | &nbsp;&nbsp; 504 | 476502 |
| 2.62%, 04/22/32, (1-day SOFR + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 890 | 817200 |
| 2.65%, 10/21/32, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 715 | 650681 |
| 3.10%, 02/24/33, (1-day SOFR + 1.41%)<sup>(b)</sup> | &nbsp;&nbsp; 900 | 834463 |
| 3.62%, 03/15/28, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 662 | 658811 |
| 3.69%, 06/05/28, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 590 | 587434 |
| 3.80%, 03/15/30 | &nbsp;&nbsp; 483 | 478039 |
| 3.81%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(b)</sup><br>| &nbsp;&nbsp; 587 | 583580 |
| 4.15%, 01/21/29, (1-day SOFR + 0.71%)<sup>(b)</sup> | &nbsp;&nbsp; 1340 | 1340392 |
| 4.15%, 10/21/29, (1-day SOFR + 0.90%)<sup>(b)</sup> | &nbsp;&nbsp; 585 | 585264 |
| 4.22%, 05/01/29, (3-mo. CME Term SOFR + <br> 1.56%)<sup>(b)</sup><br>| &nbsp;&nbsp; 806 | 808009 |
| 4.37%, 10/21/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 650 | 650004 |
| 4.48%, 08/23/28, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 600 | 603804 |
| 4.52%, 01/21/32, (1-day SOFR + 0.96%)<sup>(b)</sup> | &nbsp;&nbsp; 1350 | 1358207 |
| 4.69%, 10/23/30, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 475 | 482373 |
| 4.94%, 04/23/28, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 445 | 449257 |
| 4.94%, 10/21/36, (1-day SOFR + 1.33%)<sup>(b)</sup> | &nbsp;&nbsp; 670 | 667033 |
| 5.02%, 10/23/35, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 805 | 814109 |
| 5.05%, 07/23/30, (1-day SOFR + 1.21%)<sup>(b)</sup> | &nbsp;&nbsp; 610 | 625610 |
| 5.07%, 01/21/37, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 900 | 906072 |
| 5.21%, 01/28/31, (1-day SOFR + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 480 | 497066 |
| 5.22%, 04/23/31, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 710 | 735117 |
| 5.33%, 07/23/35, (1-day SOFR + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 690 | 710603 |
| 5.39%, 02/02/41, (5-year CMT + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 505 | 501302 |
| 5.54%, 01/28/36, (1-day SOFR + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; 710 | 742769 |
| 5.73%, 04/25/30, (1-day SOFR + 1.27%)<sup>(b)</sup> | &nbsp;&nbsp; 610 | 637243 |
| 5.85%, 04/25/35, (1-day SOFR + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 605 | 645469 |
| 6.13%, 02/15/33 | &nbsp;&nbsp; 275 | 301208 |
| 6.48%, 10/24/29, (1-day SOFR + 1.77%)<sup>(b)</sup> | &nbsp;&nbsp; 630 | 666971 |
| 6.56%, 10/24/34, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 367852 |
| HSBC Bank USA N.A, 5.88%, 11/01/34 | &nbsp;&nbsp; 90 | 96412 |
| HSBC Holdings PLC |  |  |
| 2.01%, 09/22/28, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 445 | 431527 |
| 2.21%, 08/17/29, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 445 | 425125 |
| 2.36%, 08/18/31, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 303745 |
| 2.80%, 05/24/32, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 655 | 604384 |
| 2.85%, 06/04/31, (1-day SOFR + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 320 | 301883 |
| 2.87%, 11/22/32, (1-day SOFR + 1.41%)<sup>(b)</sup> | &nbsp;&nbsp; 355 | 326647 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 3.97%, 05/22/30, (3-mo. CME Term SOFR + <br> 1.87%)<sup>(b)</sup><br>| &nbsp;&nbsp; $665 | $660484 |
| 4.04%, 03/13/28, (3-mo. CME Term SOFR + <br> 1.81%)<sup>(b)</sup><br>| &nbsp;&nbsp; 515 | 515165 |
| 4.58%, 06/19/29, (3-mo. CME Term SOFR + <br> 1.80%)<sup>(b)</sup><br>| &nbsp;&nbsp; 635 | 641089 |
| 4.62%, 11/06/31, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 500 | 505609 |
| 4.76%, 06/09/28, (1-day SOFR + 2.11%)<sup>(b)</sup> | &nbsp;&nbsp; 470 | 474025 |
| 4.76%, 03/29/33, (1-day SOFR + 2.53%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 405719 |
| 4.90%, 03/03/29, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 345 | 350388 |
| 4.95%, 03/31/30 | &nbsp;&nbsp; 525 | 541237 |
| 5.13%, 11/19/28, (1-day SOFR + 1.04%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 203586 |
| 5.13%, 03/03/31, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 360924 |
| 5.13%, 11/06/36, (1-day SOFR + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 460 | 464625 |
| 5.21%, 08/11/28, (1-day SOFR + 2.61%)<sup>(b)</sup> | &nbsp;&nbsp; 485 | 492507 |
| 5.24%, 05/13/31, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 450 | 466103 |
| 5.29%, 11/19/30, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 445 | 461191 |
| 5.40%, 08/11/33, (1-day SOFR + 2.87%)<sup>(b)</sup> | &nbsp;&nbsp; 555 | 579573 |
| 5.45%, 03/03/36, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 455 | 472058 |
| 5.55%, 03/04/30, (1-day SOFR + 1.46%)<sup>(b)</sup> | &nbsp;&nbsp; 375 | 389660 |
| 5.60%, 05/17/28, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 410 | 417355 |
| 5.72%, 03/04/35, (1-day SOFR + 1.78%)<sup>(b)</sup> | &nbsp;&nbsp; 345 | 366343 |
| 5.73%, 05/17/32, (1-day SOFR + 1.52%)<sup>(b)</sup> | &nbsp;&nbsp; 355 | 376160 |
| 5.74%, 09/10/36, (1-day SOFR + 1.96%)<sup>(b)</sup> | &nbsp;&nbsp; 450 | 466030 |
| 5.79%, 05/13/36, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 410 | 435958 |
| 5.87%, 11/18/35, (1-day SOFR + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 385 | 404057 |
| 6.16%, 03/09/29, (1-day SOFR + 1.97%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 421235 |
| 6.25%, 03/09/34, (1-day SOFR + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 505 | 551582 |
| 6.55%, 06/20/34, (1-day SOFR + 2.98%)<sup>(b)</sup> | &nbsp;&nbsp; 445 | 482905 |
| 7.39%, 11/03/28, (1-day SOFR + 3.35%)<sup>(b)</sup> | &nbsp;&nbsp; 485 | 510857 |
| 7.40%, 11/13/34, (1-day SOFR + 3.02%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 463277 |
| 8.11%, 11/03/33, (1-day SOFR + 4.25%)<sup>(b)</sup> | &nbsp;&nbsp; 370 | 436381 |
| HSBC USA, Inc. |  |  |
| 4.65%, 06/03/28 | &nbsp;&nbsp; 225 | 228694 |
| 5.29%, 03/04/27 | &nbsp;&nbsp; 225 | 228287 |
| Huntington Bancshares, Inc./Ohio |  |  |
| 2.49%, 08/15/36, (5-year CMT + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 75 | 66182 |
| 2.55%, 02/04/30 | &nbsp;&nbsp; 268 | 252281 |
| 4.44%, 08/04/28, (1-day SOFR + 1.97%)<sup>(b)</sup> | &nbsp;&nbsp; 285 | 286774 |
| 4.62%, 01/28/32, (1-day SOFR + 0.99%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 247396 |
| 5.02%, 05/17/33, (1-day SOFR + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 90 | 91832 |
| 5.27%, 01/15/31, (1-day SOFR + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 217365 |
| 5.61%, 01/28/41, (5-year CMT + 1.35%)<sup>(b)</sup> | &nbsp;&nbsp; 75 | 75338 |
| 5.71%, 02/02/35, (1-day SOFR Index + 1.87%)<sup>(b)</sup> | &nbsp;&nbsp; 395 | 415452 |
| 6.14%, 11/18/39, (5-year CMT + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 80 | 84097 |
| 6.21%, 08/21/29, (1-day SOFR + 2.02%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 283540 |
| Huntington National Bank(The) |  |  |
| 4.55%, 05/17/28, (1-day SOFR Index + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 251715 |
| 4.87%, 04/12/28, (1-day SOFR + 0.72%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 252067 |
| 5.65%, 01/10/30 | &nbsp;&nbsp; 125 | 131626 |
| Industrial & Commercial Bank of China Ltd./New <br> York, 3.54%, 11/08/27<br>| &nbsp;&nbsp; 250 | 249039 |
| ING Groep NV |  |  |
| 2.73%, 04/01/32, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 185747 |
| 3.95%, 03/29/27 | &nbsp;&nbsp; 290 | 290274 |
| 4.02%, 03/28/28, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 285 | 285099 |
| 4.05%, 04/09/29 | &nbsp;&nbsp; 215 | 215152 |
| 4.25%, 03/28/33, (1-day SOFR + 2.07%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 207795 |
| 4.55%, 10/02/28 | &nbsp;&nbsp; 308 | 312044 |
| 4.86%, 03/25/29, (1-day SOFR + 1.01%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 203292 |
| 5.07%, 03/25/31, (1-day SOFR Index + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 206180 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.34%, 03/19/30, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; $260 | $269116 |
| 5.55%, 03/19/35, (1-day SOFR + 1.77%)<sup>(b)</sup> | &nbsp;&nbsp; 435 | 455649 |
| 6.11%, 09/11/34, (1-day SOFR + 2.09%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 272119 |
| JPMorgan Chase & Co. |  |  |
| 1.76%, 11/19/31, (3-mo. CME Term SOFR + <br> 1.11%)<sup>(b)</sup><br>| &nbsp;&nbsp; 355 | 318002 |
| 1.95%, 02/04/32, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 725 | 650168 |
| 2.07%, 06/01/29, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 470 | 450582 |
| 2.18%, 06/01/28, (1-day SOFR + 1.89%)<sup>(b)</sup> | &nbsp;&nbsp; 390 | 381556 |
| 2.52%, 04/22/31, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 650 | 609820 |
| 2.55%, 11/08/32, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 770 | 701156 |
| 2.58%, 04/22/32, (3-mo. CME Term SOFR + <br> 1.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 835 | 769658 |
| 2.74%, 10/15/30, (3-mo. CME Term SOFR + <br> 1.51%)<sup>(b)</sup><br>| &nbsp;&nbsp; 860 | 822153 |
| 2.96%, 05/13/31, (3-mo. CME Term SOFR + <br> 2.52%)<sup>(b)</sup><br>| &nbsp;&nbsp; 644 | 612274 |
| 2.96%, 01/25/33, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 875 | 810844 |
| 3.51%, 01/23/29, (3-mo. CME Term SOFR + <br> 1.21%)<sup>(b)</sup><br>| &nbsp;&nbsp; 563 | 558228 |
| 3.54%, 05/01/28, (3-mo. CME Term SOFR + <br> 1.64%)<sup>(b)</sup><br>| &nbsp;&nbsp; 585 | 581502 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 291 | 289550 |
| 3.70%, 05/06/30, (3-mo. CME Term SOFR + <br> 1.42%)<sup>(b)</sup><br>| &nbsp;&nbsp; 580 | 574042 |
| 4.01%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.38%)<sup>(b)</sup><br>| &nbsp;&nbsp; 532 | 532017 |
| 4.20%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.52%)<sup>(b)</sup><br>| &nbsp;&nbsp; 597 | 599493 |
| 4.25%, 10/01/27 | &nbsp;&nbsp; 358 | 360506 |
| 4.26%, 10/22/31, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 505 | 506278 |
| 4.32%, 04/26/28, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 710 | 712469 |
| 4.35%, 01/22/32, (1-day SOFR + 0.84%)<sup>(b)</sup> | &nbsp;&nbsp; 410 | 411901 |
| 4.45%, 12/05/29, (3-mo. CME Term SOFR + <br> 1.59%)<sup>(b)</sup><br>| &nbsp;&nbsp; 578 | 584029 |
| 4.49%, 03/24/31, (3-mo. CME Term SOFR + <br> 3.79%)<sup>(b)</sup><br>| &nbsp;&nbsp; 690 | 699520 |
| 4.51%, 10/22/28, (1-day SOFR + 0.86%)<sup>(b)</sup> | &nbsp;&nbsp; 500 | 504295 |
| 4.57%, 06/14/30, (1-day SOFR + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 480 | 487349 |
| 4.59%, 04/26/33, (1-day SOFR + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 585 | 590296 |
| 4.60%, 10/22/30, (1-day SOFR + 1.04%)<sup>(b)</sup> | &nbsp;&nbsp; 605 | 615991 |
| 4.81%, 10/22/36, (1-day SOFR + 1.19%)<sup>(b)</sup> | &nbsp;&nbsp; 575 | 573333 |
| 4.85%, 07/25/28, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 820 | 829493 |
| 4.90%, 01/22/37, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 525 | 527837 |
| 4.91%, 07/25/33, (1-day SOFR + 2.08%)<sup>(b)</sup> | &nbsp;&nbsp; 1055 | 1082004 |
| 4.92%, 01/24/29, (1-day SOFR + 0.80%)<sup>(b)</sup> | &nbsp;&nbsp; 475 | 483446 |
| 4.95%, 10/22/35, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 665 | 674583 |
| 4.98%, 07/22/28, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 515 | 521380 |
| 5.00%, 07/22/30, (1-day SOFR + 1.13%)<sup>(b)</sup> | &nbsp;&nbsp; 655 | 674770 |
| 5.01%, 01/23/30, (1-day SOFR + 1.31%)<sup>(b)</sup> | &nbsp;&nbsp; 575 | 590841 |
| 5.10%, 04/22/31, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 585 | 606576 |
| 5.14%, 01/24/31, (1-day SOFR + 1.01%)<sup>(b)</sup> | &nbsp;&nbsp; 585 | 606981 |
| 5.19%, 02/05/37, (1-day SOFR + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 328423 |
| 5.29%, 07/22/35, (1-day SOFR + 1.46%)<sup>(b)</sup> | &nbsp;&nbsp; 885 | 918167 |
| 5.30%, 07/24/29, (1-day SOFR + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 575 | 591748 |
| 5.34%, 01/23/35, (1-day SOFR + 1.62%)<sup>(b)</sup> | &nbsp;&nbsp; 835 | 869508 |
| 5.35%, 06/01/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 1135 | 1187785 |
| 5.50%, 01/24/36, (1-day SOFR + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 595 | 625480 |
| 5.57%, 04/22/28, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 580 | 589994 |
| 5.57%, 04/22/36, (1-day SOFR + 1.68%)<sup>(b)</sup> | &nbsp;&nbsp; 580 | 612251 |
| 5.58%, 04/22/30, (1-day SOFR + 1.16%)<sup>(b)</sup> | &nbsp;&nbsp; 655 | 684093 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.58%, 07/23/36, (1-day SOFR + 1.64%)<sup>(b)</sup> | &nbsp;&nbsp; $170 | $176686 |
| 5.72%, 09/14/33, (1-day SOFR + 2.58%)<sup>(b)</sup> | &nbsp;&nbsp; 795 | 842769 |
| 5.77%, 04/22/35, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 755 | 807514 |
| 6.09%, 10/23/29, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 490 | 514634 |
| 6.25%, 10/23/34, (1-day SOFR + 1.81%)<sup>(b)</sup> | &nbsp;&nbsp; 775 | 851886 |
| 8.00%, 04/29/27 | &nbsp;&nbsp; 145 | 151725 |
| 8.75%, 09/01/30 | &nbsp;&nbsp; 162 | 191336 |
| KeyBank N.A. |  |  |
| 4.90%, 08/08/32 | &nbsp;&nbsp; 250 | 250880 |
| 5.00%, 01/26/33 | &nbsp;&nbsp; 65 | 65663 |
| Keybank National Association |  |  |
| 3.90%, 04/13/29 | &nbsp;&nbsp; 250 | 247362 |
| 5.85%, 11/15/27 | &nbsp;&nbsp; 250 | 257445 |
| 6.95%, 02/01/28 | &nbsp;&nbsp; 50 | 52426 |
| KeyCorp |  |  |
| 2.25%, 04/06/27 | &nbsp;&nbsp; 320 | 314125 |
| 2.55%, 10/01/29 | &nbsp;&nbsp; 278 | 263949 |
| 4.10%, 04/30/28 | &nbsp;&nbsp; 210 | 210584 |
| 4.79%, 06/01/33, (1-day SOFR Index + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 165 | 165862 |
| 5.12%, 04/04/31, (1-day SOFR Index + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 261558 |
| 5.31%, 01/28/37, (1-day SOFR + 1.37%)<sup>(b)</sup> | &nbsp;&nbsp; 55 | 55448 |
| 6.40%, 03/06/35, (1-day SOFR + 2.42%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 234158 |
| Korea Development Bank (The), 2.00%, 10/25/31 | &nbsp;&nbsp; 75 | 68388 |
| Kreditanstalt fuer Wiederaufbau |  |  |
| 0.75%, 09/30/30 | &nbsp;&nbsp; 600 | 530375 |
| 1.75%, 09/14/29 | &nbsp;&nbsp; 513 | 484290 |
| 2.88%, 04/03/28 | &nbsp;&nbsp; 697 | 689440 |
| 3.00%, 05/20/27 | &nbsp;&nbsp; 1250 | 1242870 |
| 3.50%, 08/27/27 | &nbsp;&nbsp; 405 | 405404 |
| 3.50%, 08/09/28 | &nbsp;&nbsp; 30 | 30093 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 930 | 935865 |
| 3.75%, 07/15/30 | &nbsp;&nbsp; 1110 | 1120771 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 925 | 934079 |
| 4.00%, 06/28/27 | &nbsp;&nbsp; 235 | 236619 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 1105 | 1123733 |
| 4.13%, 07/15/33 | &nbsp;&nbsp; 870 | 888924 |
| 4.38%, 03/01/27 | &nbsp;&nbsp; 1310 | 1320685 |
| 4.38%, 02/28/34 | &nbsp;&nbsp; 430 | 445787 |
| 4.63%, 03/18/30 | &nbsp;&nbsp; 525 | 547372 |
| 4.75%, 10/29/30 | &nbsp;&nbsp; 500 | 526031 |
| Series GLOB, 3.88%, 05/15/28 | &nbsp;&nbsp; 195 | 196876 |
| Landwirtschaftliche Rentenbank |  |  |
| 0.88%, 09/03/30 | &nbsp;&nbsp; 285 | 253774 |
| 3.63%, 10/08/30 | &nbsp;&nbsp; 65 | 65248 |
| 3.88%, 09/28/27 | &nbsp;&nbsp; 285 | 286797 |
| 3.88%, 06/14/28 | &nbsp;&nbsp; 210 | 211960 |
| 4.13%, 05/28/30 | &nbsp;&nbsp; 180 | 184176 |
| 4.63%, 04/17/29 | &nbsp;&nbsp; 310 | 320616 |
| 5.00%, 10/24/33 | &nbsp;&nbsp; 152 | 163762 |
| Series 37, 2.50%, 11/15/27 | &nbsp;&nbsp; 285 | 280548 |
| Lloyds Banking Group PLC |  |  |
| 3.57%, 11/07/28, (3-mo. SOFR US + 1.47%)<sup>(b)</sup> | &nbsp;&nbsp; 380 | 377482 |
| 3.75%, 03/18/28, (1-year CMT + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 249469 |
| 4.24%, 02/10/30, (1-year CMT + 0.60%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200965 |
| 4.38%, 03/22/28 | &nbsp;&nbsp; 300 | 302403 |
| 4.43%, 11/04/31, (1-year CMT + 0.82%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200818 |
| 4.55%, 08/16/28 | &nbsp;&nbsp; 305 | 309224 |
| 4.82%, 06/13/29, (1-year CMT + 0.83%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 203294 |
| 4.94%, 11/04/36, (1-year CMT + 0.97%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 198746 |
| 4.98%, 08/11/33, (1-year CMT + 2.30%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 261022 |
| 5.09%, 11/26/28, (1-year CMT + 0.85%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 249584 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.59%, 11/26/35, (1-year CMT + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; $200 | $210310 |
| 5.68%, 01/05/35, (1-year CMT + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 428597 |
| 5.72%, 06/05/30, (1-year CMT + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 395 | 414375 |
| 5.87%, 03/06/29, (1-year CMT + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 280 | 290097 |
| 6.07%, 06/13/36, (1-year CMT + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 315876 |
| 7.95%, 11/15/33, (1-year CMT + 3.75%)<sup>(b)</sup> | &nbsp;&nbsp; 205 | 240648 |
| M&T Bank Corp. |  |  |
| 4.55%, 08/16/28, (1-day SOFR Index + 1.78%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 151045 |
| 4.83%, 01/16/29, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 115 | 116871 |
| 5.05%, 01/27/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 290 | 294169 |
| 5.18%, 07/08/31, (1-day SOFR + 1.40%)<sup>(b)</sup> | &nbsp;&nbsp; 85 | 87772 |
| 5.39%, 01/16/36, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 175 | 179375 |
| 5.40%, 07/30/35, (5-year CMT + 1.43%)<sup>(b)</sup> | &nbsp;&nbsp; 65 | 65959 |
| 6.08%, 03/13/32, (1-day SOFR + 2.26%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 294154 |
| 7.41%, 10/30/29, (1-day SOFR + 2.80%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 216896 |
| Manufacturers & Traders Trust Co. |  |  |
| 4.70%, 01/27/28 | &nbsp;&nbsp; 150 | 152144 |
| 4.76%, 07/06/28, (1-day SOFR + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 252296 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| 2.05%, 07/17/30 | &nbsp;&nbsp; 120 | 110196 |
| 2.31%, 07/20/32, (1-year CMT + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 418 | 378380 |
| 2.49%, 10/13/32, (1-year CMT + 0.97%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 227107 |
| 2.56%, 02/25/30 | &nbsp;&nbsp; 255 | 240853 |
| 2.85%, 01/19/33, (1-year CMT + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 225421 |
| 3.20%, 07/18/29 | &nbsp;&nbsp; 380 | 369940 |
| 3.29%, 07/25/27 | &nbsp;&nbsp; 250 | 248416 |
| 3.74%, 03/07/29 | &nbsp;&nbsp; 370 | 368508 |
| 3.96%, 03/02/28 | &nbsp;&nbsp; 296 | 296718 |
| 4.05%, 09/11/28 | &nbsp;&nbsp; 250 | 251179 |
| 4.08%, 04/19/28, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 200287 |
| 4.32%, 04/19/33, (1-year CMT + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 170 | 169030 |
| 4.51%, 01/14/32, (1-year CMT + 0.80%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 252398 |
| 4.53%, 09/12/31, (1-year CMT + 0.80%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202451 |
| 5.02%, 07/20/28, (1-year CMT + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 310 | 314605 |
| 5.06%, 01/14/37, (1-year CMT + 0.90%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202454 |
| 5.13%, 07/20/33, (1-year CMT + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 337035 |
| 5.16%, 04/24/31, (1-year CMT + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 290 | 300712 |
| 5.19%, 09/12/36, (1-year CMT + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 204741 |
| 5.20%, 01/16/31, (1-year CMT + 0.78%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 217796 |
| 5.24%, 04/19/29, (1-year CMT + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 205170 |
| 5.26%, 04/17/30, (1-year CMT + 0.82%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 222450 |
| 5.35%, 09/13/28, (1-year CMT + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 115 | 117422 |
| 5.41%, 04/19/34, (1-year CMT + 1.97%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 236756 |
| 5.42%, 02/22/29, (1-year CMT + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 256842 |
| 5.43%, 04/17/35, (1-year CMT + 1.00%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 367527 |
| 5.44%, 02/22/34, (1-year CMT + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 265 | 279196 |
| 5.47%, 09/13/33, (1-year CMT + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 52826 |
| 5.48%, 02/22/31, (1-year CMT + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 195 | 204242 |
| 5.57%, 01/16/36, (1-year CMT + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 211282 |
| 5.62%, 04/24/36, (1-year CMT + 1.27%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 211665 |
| Mizuho Financial Group, Inc. |  |  |
| 1.98%, 09/08/31, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(b)</sup><br>| &nbsp;&nbsp; 160 | 145269 |
| 2.17%, 05/22/32, (1-year CMT + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 179981 |
| 2.20%, 07/10/31, (3-mo. CME Term SOFR + <br> 1.77%)<sup>(b)</sup><br>| &nbsp;&nbsp; 275 | 253047 |
| 2.26%, 07/09/32, (1-year CMT + 0.90%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 180147 |
| 2.56%, 09/13/31 | &nbsp;&nbsp; 230 | 208670 |
| 2.59%, 05/25/31, (3-mo. CME Term SOFR + <br> 1.33%)<sup>(b)</sup><br>| &nbsp;&nbsp; 125 | 117273 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 2.87%, 09/13/30, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(b)</sup><br>| &nbsp;&nbsp; $200 | $191838 |
| 3.15%, 07/16/30, (3-mo. CME Term SOFR + <br> 1.39%)<sup>(b)</sup><br>| &nbsp;&nbsp; 205 | 198765 |
| 3.17%, 09/11/27 | &nbsp;&nbsp; 220 | 217939 |
| 3.26%, 05/22/30, (1-year CMT + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 120 | 117033 |
| 4.02%, 03/05/28 | &nbsp;&nbsp; 295 | 296292 |
| 4.25%, 09/11/29, (3-mo. CME Term SOFR + <br> 1.53%)<sup>(b)</sup><br>| &nbsp;&nbsp; 285 | 286487 |
| 4.44%, 05/12/32, (1-year CMT + 0.70%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 201074 |
| 4.71%, 07/08/31, (1-year CMT + 0.92%)<sup>(b)</sup> | &nbsp;&nbsp; 390 | 397714 |
| 5.05%, 05/12/37, (1-year CMT + 0.85%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202610 |
| 5.32%, 07/08/36, (1-year CMT + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 295 | 305670 |
| 5.38%, 05/26/30, (1-year CMT + 1.12%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 207607 |
| 5.38%, 07/10/30, (1-year CMT + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 207897 |
| 5.41%, 09/13/28, (1-year CMT + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 230043 |
| 5.58%, 05/26/35, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 211590 |
| 5.59%, 07/10/35, (1-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 248754 |
| 5.67%, 05/27/29, (1-year CMT + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 51798 |
| 5.67%, 09/13/33, (1-year CMT + 2.40%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 213789 |
| 5.74%, 05/27/31, (1-year CMT + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 26483 |
| 5.75%, 05/27/34, (1-year CMT + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 213652 |
| 5.75%, 07/06/34, (1-year CMT + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 235032 |
| 5.78%, 07/06/29, (1-year CMT + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 320 | 332776 |
| Morgan Stanley |  |  |
| 1.79%, 02/13/32, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 685 | 606418 |
| 1.93%, 04/28/32, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 645 | 572232 |
| 2.24%, 07/21/32, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 850 | 762175 |
| 2.48%, 09/16/36, (1-day SOFR + 1.36%)<sup>(b)</sup> | &nbsp;&nbsp; 560 | 495514 |
| 2.51%, 10/20/32, (1-day SOFR + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 630 | 571017 |
| 2.70%, 01/22/31, (1-day SOFR + 1.14%)<sup>(b)</sup> | &nbsp;&nbsp; 800 | 756433 |
| 2.94%, 01/21/33, (1-day SOFR + 1.29%)<sup>(b)</sup> | &nbsp;&nbsp; 645 | 593891 |
| 3.59%, 07/22/28<sup>(b)</sup> | &nbsp;&nbsp; 671 | 667061 |
| 3.62%, 04/01/31, (1-day SOFR + 3.12%)<sup>(b)</sup> | &nbsp;&nbsp; 675 | 659843 |
| 3.77%, 01/24/29, (3-mo. CME Term SOFR + <br> 1.40%)<sup>(b)</sup><br>| &nbsp;&nbsp; 661 | 658299 |
| 3.95%, 04/23/27 | &nbsp;&nbsp; 434 | 433826 |
| 4.21%, 04/20/28, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 575 | 576077 |
| 4.24%, 01/09/30, (1-day SOFR + 0.80%)<sup>(b)</sup> | &nbsp;&nbsp; 465 | 466488 |
| 4.43%, 01/23/30, (3-mo. CME Term SOFR + <br> 1.89%)<sup>(b)</sup><br>| &nbsp;&nbsp; 684 | 689959 |
| 4.49%, 01/16/32, (1-day SOFR + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 510 | 512619 |
| 4.65%, 10/18/30, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 665 | 675686 |
| 4.89%, 07/20/33, (1-day SOFR + 2.08%)<sup>(b)</sup> | &nbsp;&nbsp; 460 | 468539 |
| 4.99%, 04/12/29, (1-day SOFR + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; 485 | 493767 |
| 5.04%, 07/19/30, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 830 | 853111 |
| 5.07%, 01/30/37, (1-day SOFR + 1.18%)<sup>(b)</sup> | &nbsp;&nbsp; 890 | 897509 |
| 5.12%, 02/01/29, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 575 | 586819 |
| 5.16%, 04/20/29, (1-day SOFR + 1.59%)<sup>(b)</sup> | &nbsp;&nbsp; 625 | 639037 |
| 5.17%, 01/16/30, (1-day SOFR + 1.45%)<sup>(b)</sup> | &nbsp;&nbsp; 510 | 524124 |
| 5.19%, 04/17/31, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 710 | 735204 |
| 5.23%, 01/15/31, (1-day SOFR + 1.11%)<sup>(b)</sup> | &nbsp;&nbsp; 555 | 574604 |
| 5.25%, 04/21/34, (1-day SOFR + 1.87%)<sup>(b)</sup> | &nbsp;&nbsp; 890 | 921127 |
| 5.30%, 04/20/37, (1-day SOFR + 2.62%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 414923 |
| 5.31%, 01/18/41, (5-year CMT + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 170 | 169132 |
| 5.32%, 07/19/35, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 830 | 858784 |
| 5.42%, 07/21/34, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 730 | 762228 |
| 5.45%, 07/20/29, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 505 | 520729 |
| 5.47%, 01/18/35, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 715 | 747172 |
| 5.59%, 01/18/36, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 580 | 609551 |
| 5.65%, 04/13/28, (1-day SOFR + 1.01%)<sup>(b)</sup> | &nbsp;&nbsp; 370 | 376599 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.66%, 04/18/30, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; $585 | $611000 |
| 5.66%, 04/17/36, (1-day SOFR + 1.76%)<sup>(b)</sup> | &nbsp;&nbsp; 430 | 454409 |
| 5.83%, 04/19/35, (1-day SOFR + 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 815 | 870259 |
| 5.94%, 02/07/39, (5-year CMT + 1.80%)<sup>(b)</sup> | &nbsp;&nbsp; 315 | 331560 |
| 5.95%, 01/19/38, (5-year CMT + 2.43%)<sup>(b)</sup> | &nbsp;&nbsp; 420 | 443053 |
| 6.30%, 10/18/28, (1-day SOFR + 2.24%)<sup>(b)</sup> | &nbsp;&nbsp; 540 | 559488 |
| 6.34%, 10/18/33, (1-day SOFR + 2.56%)<sup>(b)</sup> | &nbsp;&nbsp; 695 | 763899 |
| 6.41%, 11/01/29, (1-day SOFR + 1.83%)<sup>(b)</sup> | &nbsp;&nbsp; 475 | 502428 |
| 6.63%, 11/01/34, (1-day SOFR + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 515 | 577713 |
| 7.25%, 04/01/32 | &nbsp;&nbsp; 285 | 329971 |
| Series I, 4.13%, 10/18/29, (1-day SOFR + <br> 0.91%)<sup>(b)</sup><br>| &nbsp;&nbsp; 385 | 385552 |
| Series I, 4.36%, 10/22/31, (1-day SOFR + <br> 1.07%)<sup>(b)</sup><br>| &nbsp;&nbsp; 605 | 605751 |
| Series I, 4.89%, 10/22/36, (1-day SOFR + <br> 1.31%)<sup>(b)</sup><br>| &nbsp;&nbsp; 425 | 422780 |
| Morgan Stanley Bank N.A. |  |  |
| 4.97%, 07/14/28, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 375 | 379824 |
| 5.02%, 01/12/29, (1-day SOFR + 0.91%)<sup>(b)</sup> | &nbsp;&nbsp; 465 | 473802 |
| 5.50%, 05/26/28, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 485 | 493715 |
| Morgan Stanley Private Bank N.A. |  |  |
| 4.20%, 11/17/28, (1-day SOFR + 0.78%)<sup>(b)</sup> | &nbsp;&nbsp; 465 | 466612 |
| 4.47%, 07/06/28, (1-day SOFR + 0.77%)<sup>(b)</sup> | &nbsp;&nbsp; 360 | 362255 |
| 4.47%, 11/19/31, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 500 | 502852 |
| 4.73%, 07/18/31, (1-day SOFR + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 460 | 468259 |
| Series ., 4.21%, 02/08/30, (1-day SOFR + <br> 0.76%)<sup>(b)</sup><br>| &nbsp;&nbsp; 500 | 502383 |
| National Australia Bank Ltd./New York |  |  |
| 3.91%, 06/09/27 | &nbsp;&nbsp; 160 | 160498 |
| 4.31%, 06/13/28 | &nbsp;&nbsp; 250 | 253163 |
| 4.50%, 10/26/27 | &nbsp;&nbsp; 250 | 253207 |
| 4.53%, 06/13/30 | &nbsp;&nbsp; 250 | 256172 |
| 4.79%, 01/10/29 | &nbsp;&nbsp; 250 | 257201 |
| 4.90%, 01/14/30 | &nbsp;&nbsp; 250 | 259227 |
| 4.94%, 01/12/28 | &nbsp;&nbsp; 250 | 255672 |
| 5.09%, 06/11/27 | &nbsp;&nbsp; 250 | 254288 |
| National Bank of Canada |  |  |
| 4.50%, 10/10/29 | &nbsp;&nbsp; 30 | 30474 |
| 5.60%, 12/18/28 | &nbsp;&nbsp; 270 | 281725 |
| NatWest Group PLC |  |  |
| 3.03%, 11/28/35, (5-year CMT + 2.35%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 186222 |
| 3.07%, 05/22/28, (1-year CMT + 2.55%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 212748 |
| 4.45%, 05/08/30, (3-mo. SOFR US + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 256948 |
| 4.89%, 05/18/29, (3-mo. SOFR US + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 335 | 340820 |
| 4.96%, 08/15/30, (1-year CMT + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 260 | 266304 |
| 5.08%, 01/27/30, (3-mo. SOFR US + 2.17%)<sup>(b)</sup> | &nbsp;&nbsp; 370 | 379413 |
| 5.12%, 05/23/31, (1-year CMT + 1.05%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 206180 |
| 5.52%, 09/30/28, (1-year CMT + 2.27%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 225147 |
| 5.58%, 03/01/28, (1-year CMT + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 213307 |
| 5.78%, 03/01/35, (1-year CMT + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 295 | 313608 |
| 5.81%, 09/13/29, (1-year CMT + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 260407 |
| 6.02%, 03/02/34, (1-year CMT + 2.10%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 215482 |
| 6.48%, 06/01/34, (5-year CMT + 2.20%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 221427 |
| Northern Trust Corp. |  |  |
| 1.95%, 05/01/30 | &nbsp;&nbsp; 240 | 221658 |
| 3.15%, 05/03/29 | &nbsp;&nbsp; 147 | 144259 |
| 3.38%, 05/08/32, (3-mo. SOFR US + 1.39%)<sup>(b)</sup> | &nbsp;&nbsp; 107 | 105914 |
| 3.65%, 08/03/28 | &nbsp;&nbsp; 186 | 185991 |
| 4.00%, 05/10/27 | &nbsp;&nbsp; 390 | 391176 |
| 4.15%, 11/19/30 | &nbsp;&nbsp; 130 | 130997 |
| 5.12%, 11/19/40, (5-year CMT + 1.05%)<sup>(b)</sup> | &nbsp;&nbsp; 65 | 65133 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.13%, 11/02/32 | &nbsp;&nbsp; $175 | $191468 |
| Oesterreichische Kontrollbank AG |  |  |
| 3.63%, 09/09/27 | &nbsp;&nbsp; 130 | 130257 |
| 3.75%, 09/05/29 | &nbsp;&nbsp; 210 | 211761 |
| 3.75%, 09/10/30 | &nbsp;&nbsp; 30 | 30237 |
| 4.00%, 05/28/28 | &nbsp;&nbsp; 135 | 136533 |
| 4.13%, 01/18/29 | &nbsp;&nbsp; 485 | 493855 |
| 4.25%, 03/01/28 | &nbsp;&nbsp; 170 | 172532 |
| 4.50%, 01/24/30 | &nbsp;&nbsp; 265 | 274076 |
| 4.75%, 05/21/27 | &nbsp;&nbsp; 465 | 471866 |
| Pinnacle Bank/Nashville, 5.63%, 02/15/28 | &nbsp;&nbsp; 35 | 35720 |
| PNC Bank N.A. |  |  |
| 2.70%, 10/22/29 | &nbsp;&nbsp; 250 | 238184 |
| 3.25%, 01/22/28 | &nbsp;&nbsp; 260 | 257836 |
| 4.05%, 07/26/28 | &nbsp;&nbsp; 305 | 305325 |
| 4.43%, 07/21/28, (1-day SOFR + 0.73%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 251638 |
| PNC Financial Services Group, Inc.(The) |  |  |
| 2.31%, 04/23/32, (1-day SOFR + 0.98%)<sup>(b)</sup> | &nbsp;&nbsp; 279 | 254141 |
| 2.55%, 01/22/30 | &nbsp;&nbsp; 545 | 516646 |
| 3.15%, 05/19/27 | &nbsp;&nbsp; 183 | 181613 |
| 3.45%, 04/23/29 | &nbsp;&nbsp; 519 | 513518 |
| 4.63%, 06/06/33, (1-day SOFR Index + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 219514 |
| 4.81%, 10/21/32, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 435 | 444525 |
| 4.90%, 05/13/31, (1-day SOFR + 1.33%)<sup>(b)</sup> | &nbsp;&nbsp; 335 | 343941 |
| 5.07%, 01/24/34, (1-day SOFR + 1.93%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 417835 |
| 5.22%, 01/29/31, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 285496 |
| 5.35%, 12/02/28, (1-day SOFR + 1.62%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 276796 |
| 5.37%, 07/21/36, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 100 | 103582 |
| 5.40%, 07/23/35, (1-day SOFR + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 375 | 390549 |
| 5.42%, 01/25/41, (5-year CMT + 1.17%)<sup>(b)</sup> | &nbsp;&nbsp; 115 | 116122 |
| 5.49%, 05/14/30, (1-day SOFR + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 430 | 448964 |
| 5.58%, 06/12/29, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 507 | 525016 |
| 5.58%, 01/29/36, (1-day SOFR + 1.39%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 347589 |
| 5.68%, 01/22/35, (1-day SOFR + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 371115 |
| 5.94%, 08/18/34, (1-day SOFR + 1.95%)<sup>(b)</sup> | &nbsp;&nbsp; 190 | 205151 |
| 6.04%, 10/28/33, (1-day SOFR Index + 2.14%)<sup>(b)</sup> | &nbsp;&nbsp; 420 | 455892 |
| 6.88%, 10/20/34, (1-day SOFR + 2.28%)<sup>(b)</sup> | &nbsp;&nbsp; 520 | 590290 |
| Regions Financial Corp. |  |  |
| 1.80%, 08/12/28 | &nbsp;&nbsp; 170 | 161187 |
| 5.50%, 09/06/35, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 170 | 175822 |
| 5.72%, 06/06/30, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 165 | 172816 |
| Royal Bank of Canada |  |  |
| 2.30%, 11/03/31 | &nbsp;&nbsp; 535 | 488378 |
| 3.63%, 05/04/27 | &nbsp;&nbsp; 375 | 374470 |
| 3.88%, 05/04/32 | &nbsp;&nbsp; 360 | 353585 |
| 4.00%, 11/03/28, (1-day SOFR + 0.70%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 210242 |
| 4.24%, 08/03/27 | &nbsp;&nbsp; 355 | 357280 |
| 4.31%, 11/03/31, (1-day SOFR + 0.98%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 256517 |
| 4.50%, 08/06/29, (1-day SOFR + 0.89%)<sup>(b)</sup> | &nbsp;&nbsp; 315 | 318824 |
| 4.52%, 10/18/28, (1-day SOFR Index + 0.86%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 227245 |
| 4.65%, 10/18/30, (1-day SOFR Index + 1.08%)<sup>(b)</sup> | &nbsp;&nbsp; 450 | 458590 |
| 4.70%, 08/06/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 240062 |
| 4.72%, 03/27/28, (1-day SOFR Index + 0.81%)<sup>(b)</sup> | &nbsp;&nbsp; 285 | 287540 |
| 4.90%, 01/12/28 | &nbsp;&nbsp; 240 | 245055 |
| 4.95%, 02/01/29 | &nbsp;&nbsp; 310 | 319813 |
| 4.97%, 01/24/29, (1-day SOFR + 0.83%)<sup>(b)</sup> | &nbsp;&nbsp; 375 | 382482 |
| 4.97%, 08/02/30, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 334176 |
| 4.97%, 05/02/31, (1-day SOFR Index + 1.13%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 263102 |
| 5.00%, 02/01/33 | &nbsp;&nbsp; 510 | 528885 |
| 5.00%, 05/02/33 | &nbsp;&nbsp; 365 | 378753 |
| 5.15%, 02/04/31, (1-day SOFR + 1.03%)<sup>(b)</sup> | &nbsp;&nbsp; 425 | 440595 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.15%, 02/01/34 | &nbsp;&nbsp; $460 | $484082 |
| 5.20%, 08/01/28 | &nbsp;&nbsp; 305 | 314254 |
| 6.00%, 11/01/27 | &nbsp;&nbsp; 390 | 403805 |
| Santander Holdings USA, Inc. |  |  |
| 4.40%, 07/13/27 | &nbsp;&nbsp; 314 | 314492 |
| 5.35%, 09/06/30, (1-day SOFR + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; 260 | 267480 |
| 5.47%, 03/20/29, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 155 | 158416 |
| 5.74%, 03/20/31, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 145 | 150791 |
| 6.17%, 01/09/30, (1-day SOFR + 2.50%)<sup>(b)</sup> | &nbsp;&nbsp; 165 | 172205 |
| 6.34%, 05/31/35, (1-day SOFR + 2.14%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 140 | 150824 |
| 6.50%, 03/09/29, (1-day SOFR + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 265564 |
| 6.57%, 06/12/29, (1-day SOFR + 2.70%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 229894 |
| 7.66%, 11/09/31, (1-day SOFR + 3.28%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 169296 |
| Santander U.K. Group Holdings PLC |  |  |
| 3.82%, 11/03/28, (3-mo. SOFR US + 1.66%)<sup>(b)</sup> | &nbsp;&nbsp; 240 | 238941 |
| 4.86%, 09/11/30, (1-day SOFR Index + 1.55%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 213744 |
| 5.14%, 09/22/36, (1-day SOFR+ 1.58%)<sup>(b)</sup> | &nbsp;&nbsp; 320 | 320236 |
| 5.69%, 04/15/31, (1-day SOFR Index + 1.52%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 209854 |
| 6.53%, 01/10/29, (1-day SOFR + 2.60%)<sup>(b)</sup> | &nbsp;&nbsp; 260 | 271212 |
| State Street Bank & Trust Co., 4.78%, 11/23/29 | &nbsp;&nbsp; 250 | 258144 |
| State Street Corp. |  |  |
| 2.20%, 03/03/31 | &nbsp;&nbsp; 165 | 150191 |
| 2.40%, 01/24/30 | &nbsp;&nbsp; 231 | 219625 |
| 2.62%, 02/07/33, (1-day SOFR + 1.00%)<sup>(b)</sup> | &nbsp;&nbsp; 145 | 131924 |
| 3.03%, 11/01/34, (1-day SOFR + 1.49%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 119383 |
| 3.15%, 03/30/31, (1-day SOFR + 2.65%)<sup>(b)</sup> | &nbsp;&nbsp; 145 | 140414 |
| 4.14%, 12/03/29, (3-mo. CME Term SOFR + <br> 1.29%)<sup>(b)</sup><br>| &nbsp;&nbsp; 135 | 135879 |
| 4.16%, 08/04/33, (1-day SOFR + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 249 | 245697 |
| 4.33%, 10/22/27 | &nbsp;&nbsp; 330 | 332978 |
| 4.42%, 05/13/33, (1-day SOFR + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 205 | 205677 |
| 4.53%, 02/20/29, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 230 | 232928 |
| 4.54%, 02/28/28 | &nbsp;&nbsp; 340 | 345381 |
| 4.54%, 04/24/28, (1-day SOFR + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 265 | 266919 |
| 4.68%, 10/22/32, (1-day SOFR + 1.05%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 204364 |
| 4.73%, 02/28/30 | &nbsp;&nbsp; 200 | 205533 |
| 4.78%, 10/23/36, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 195 | 194674 |
| 4.82%, 01/26/34, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 254874 |
| 4.83%, 04/24/30 | &nbsp;&nbsp; 265 | 273050 |
| 4.99%, 03/18/27 | &nbsp;&nbsp; 270 | 273267 |
| 5.15%, 02/28/36, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 128661 |
| 5.16%, 05/18/34, (1-day SOFR + 1.89%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 228286 |
| 5.68%, 11/21/29, (1-day SOFR + 1.48%)<sup>(b)</sup> | &nbsp;&nbsp; 270 | 282236 |
| 5.82%, 11/04/28, (1-day SOFR + 1.72%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 128908 |
| 6.12%, 11/21/34, (1-day SOFR + 1.96%)<sup>(b)</sup> | &nbsp;&nbsp; 155 | 168226 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| 1.71%, 01/12/31 | &nbsp;&nbsp; 200 | 178282 |
| 1.90%, 09/17/28 | &nbsp;&nbsp; 435 | 413340 |
| 2.13%, 07/08/30 | &nbsp;&nbsp; 165 | 151844 |
| 2.14%, 09/23/30 | &nbsp;&nbsp; 195 | 178474 |
| 2.22%, 09/17/31 | &nbsp;&nbsp; 280 | 251473 |
| 2.47%, 01/14/29 | &nbsp;&nbsp; 200 | 192170 |
| 2.75%, 01/15/30 | &nbsp;&nbsp; 295 | 280959 |
| 3.04%, 07/16/29 | &nbsp;&nbsp; 550 | 532478 |
| 3.35%, 10/18/27 | &nbsp;&nbsp; 230 | 228704 |
| 3.36%, 07/12/27 | &nbsp;&nbsp; 365 | 362880 |
| 3.54%, 01/17/28 | &nbsp;&nbsp; 160 | 159102 |
| 3.94%, 07/19/28 | &nbsp;&nbsp; 90 | 90209 |
| 4.11%, 01/15/29 | &nbsp;&nbsp; 200 | 200804 |
| 4.31%, 10/16/28 | &nbsp;&nbsp; 175 | 176721 |
| 4.49%, 01/15/32, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 205 | 207145 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 4.95%, 07/08/33, (1-day SOFR + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; $20 | $20561 |
| 5.05%, 01/15/37, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 404692 |
| 5.32%, 07/09/29 | &nbsp;&nbsp; 200 | 207975 |
| 5.33%, 03/03/41, (5-year CMT + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 100 | 100433 |
| 5.42%, 07/09/31 | &nbsp;&nbsp; 225 | 236982 |
| 5.52%, 01/13/28 | &nbsp;&nbsp; 405 | 417284 |
| 5.56%, 07/09/34 | &nbsp;&nbsp; 295 | 312174 |
| 5.63%, 01/15/35 | &nbsp;&nbsp; 200 | 213505 |
| 5.71%, 01/13/30 | &nbsp;&nbsp; 235 | 248457 |
| 5.72%, 09/14/28 | &nbsp;&nbsp; 235 | 244906 |
| 5.77%, 01/13/33 | &nbsp;&nbsp; 425 | 455981 |
| 5.78%, 07/13/33 | &nbsp;&nbsp; 200 | 215366 |
| 5.80%, 07/13/28 | &nbsp;&nbsp; 220 | 229155 |
| 5.81%, 09/14/33 | &nbsp;&nbsp; 220 | 237338 |
| 5.85%, 07/13/30 | &nbsp;&nbsp; 215 | 229423 |
| Synchrony Bank, 5.63%, 08/23/27 | &nbsp;&nbsp; 250 | 254672 |
| Synovus Financial Corp., 6.17%, 11/01/30, (1-day <br> SOFR + 2.35%)<sup>(b)</sup><br>| &nbsp;&nbsp; 75 | 78516 |
| Toronto-Dominion Bank(The) |  |  |
| 2.00%, 09/10/31 | &nbsp;&nbsp; 255 | 229957 |
| 2.45%, 01/12/32 | &nbsp;&nbsp; 195 | 176854 |
| 2.80%, 03/10/27 | &nbsp;&nbsp; 300 | 297181 |
| 3.20%, 03/10/32 | &nbsp;&nbsp; 335 | 315541 |
| 3.91%, 01/13/28 | &nbsp;&nbsp; 110 | 110098 |
| 4.11%, 06/08/27 | &nbsp;&nbsp; 432 | 433378 |
| 4.11%, 10/13/28 | &nbsp;&nbsp; 265 | 266193 |
| 4.41%, 01/13/31 | &nbsp;&nbsp; 50 | 50592 |
| 4.46%, 06/08/32 | &nbsp;&nbsp; 495 | 498691 |
| 4.57%, 06/02/28 | &nbsp;&nbsp; 280 | 283872 |
| 4.69%, 09/15/27 | &nbsp;&nbsp; 420 | 425489 |
| 4.78%, 12/17/29 | &nbsp;&nbsp; 305 | 313808 |
| 4.81%, 06/03/30 | &nbsp;&nbsp; 345 | 354588 |
| 4.86%, 01/31/28 | &nbsp;&nbsp; 220 | 223928 |
| 4.93%, 10/15/35 | &nbsp;&nbsp; 180 | 181554 |
| 4.98%, 04/05/27 | &nbsp;&nbsp; 315 | 318863 |
| 4.99%, 04/05/29 | &nbsp;&nbsp; 270 | 277959 |
| 5.15%, 09/10/34, (5-year CMT + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 115 | 117374 |
| 5.16%, 01/10/28 | &nbsp;&nbsp; 275 | 281210 |
| 5.30%, 01/30/32 | &nbsp;&nbsp; 225 | 236590 |
| 5.52%, 07/17/28 | &nbsp;&nbsp; 320 | 331528 |
| Truist Bank |  |  |
| 2.25%, 03/11/30 | &nbsp;&nbsp; 265 | 244918 |
| 4.14%, 10/23/29, (1-day SOFR + 0.91%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 250065 |
| 4.42%, 07/24/28, (1-day SOFR + 0.77%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 251487 |
| Series I, 4.14%, 01/27/29, (1-day SOFR + <br> 0.66%)<sup>(b)</sup><br>| &nbsp;&nbsp; 250 | 250490 |
| Truist Financial Corp. |  |  |
| 1.13%, 08/03/27 | &nbsp;&nbsp; 214 | 206152 |
| 1.89%, 06/07/29, (1-day SOFR + 0.86%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 214913 |
| 1.95%, 06/05/30 | &nbsp;&nbsp; 180 | 165286 |
| 3.88%, 03/19/29 | &nbsp;&nbsp; 160 | 159085 |
| 4.12%, 06/06/28, (1-day SOFR + 1.37%)<sup>(b)</sup> | &nbsp;&nbsp; 240 | 240518 |
| 4.60%, 01/27/32, (1-day SOFR + 0.97%)<sup>(b)</sup> | &nbsp;&nbsp; 165 | 166753 |
| 4.87%, 01/26/29, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 304576 |
| 4.92%, 07/28/33, (1-day SOFR + 2.24%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 237000 |
| 4.96%, 10/23/36, (1-day SOFR + 1.40%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 224329 |
| 5.07%, 05/20/31, (1-day SOFR + 1.31%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 257815 |
| 5.12%, 01/26/34, (1-day SOFR + 1.85%)<sup>(b)</sup> | &nbsp;&nbsp; 385 | 394745 |
| 5.15%, 08/05/32, (1-day SOFR + 1.57%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 285374 |
| 5.44%, 01/24/30, (1-day SOFR + 1.62%)<sup>(b)</sup> | &nbsp;&nbsp; 342 | 354739 |
| 5.71%, 01/24/35, (1-day SOFR + 1.92%)<sup>(b)</sup> | &nbsp;&nbsp; 480 | 508217 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 5.87%, 06/08/34, (1-day SOFR + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp; $434 | $464331 |
| 6.12%, 10/28/33, (1-day SOFR + 2.30%)<sup>(b)</sup> | &nbsp;&nbsp; 195 | 211499 |
| 7.16%, 10/30/29, (1-day SOFR + 2.45%)<sup>(b)</sup> | &nbsp;&nbsp; 375 | 403412 |
| U.S. Bancorp |  |  |
| 1.38%, 07/22/30 | &nbsp;&nbsp; 400 | 357695 |
| 2.49%, 11/03/36, (5-year CMT + 0.95%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 199143 |
| 2.68%, 01/27/33, (1-day SOFR + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 215 | 195597 |
| 3.00%, 07/30/29 | &nbsp;&nbsp; 225 | 218509 |
| 3.90%, 04/26/28 | &nbsp;&nbsp; 212 | 212760 |
| 4.48%, 01/26/32, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 202284 |
| 4.55%, 07/22/28, (1-day SOFR + 1.66%)<sup>(b)</sup> | &nbsp;&nbsp; 410 | 413406 |
| 4.65%, 02/01/29, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 390 | 395073 |
| 4.84%, 02/01/34, (1-day SOFR + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 525 | 532575 |
| 4.97%, 07/22/33, (1-day SOFR + 2.11%)<sup>(b)</sup> | &nbsp;&nbsp; 310 | 315475 |
| 5.03%, 01/26/37, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 201927 |
| 5.05%, 02/12/31, (1-day SOFR + 1.06%)<sup>(b)</sup> | &nbsp;&nbsp; 220 | 227141 |
| 5.08%, 05/15/31, (1-day SOFR + 1.30%)<sup>(b)</sup> | &nbsp;&nbsp; 186 | 192309 |
| 5.10%, 07/23/30, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 290 | 299794 |
| 5.38%, 01/23/30, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 335 | 347428 |
| 5.42%, 02/12/36, (1-day SOFR + 1.41%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 180 | 188793 |
| 5.68%, 01/23/35, (1-day SOFR + 1.86%)<sup>(b)</sup> | &nbsp;&nbsp; 490 | 520637 |
| 5.78%, 06/12/29, (1-day SOFR + 2.02%)<sup>(b)</sup> | &nbsp;&nbsp; 405 | 420816 |
| 5.84%, 06/12/34, (1-day SOFR + 2.26%)<sup>(b)</sup> | &nbsp;&nbsp; 426 | 456539 |
| 5.85%, 10/21/33, (1-day SOFR + 2.09%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 430976 |
| Series X, 3.15%, 04/27/27 | &nbsp;&nbsp; 263 | 261460 |
| UBS AG/London, 5.65%, 09/11/28 | &nbsp;&nbsp; 305 | 318010 |
| Wachovia Corp., 5.50%, 08/01/35 | &nbsp;&nbsp; 35 | 36405 |
| Webster Financial Corp., 4.10%, 03/25/29 | &nbsp;&nbsp; 50 | 49778 |
| Wells Fargo & Co. |  |  |
| 2.39%, 06/02/28, (1-day SOFR + 2.10%)<sup>(b)</sup> | &nbsp;&nbsp; 772 | 756739 |
| 2.57%, 02/11/31, (3-mo. CME Term SOFR + <br> 1.26%)<sup>(b)</sup><br>| &nbsp;&nbsp; 735 | 691724 |
| 2.88%, 10/30/30, (3-mo. CME Term SOFR + <br> 1.43%)<sup>(b)</sup><br>| &nbsp;&nbsp; 835 | 798818 |
| 3.35%, 03/02/33, (1-day SOFR + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 1015 | 953147 |
| 3.53%, 03/24/28, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 865 | 860402 |
| 3.58%, 05/22/28, (3-mo. CME Term SOFR + <br> 1.57%)<sup>(b)</sup><br>| &nbsp;&nbsp; 682 | 678448 |
| 4.08%, 09/15/29, (1-day SOFR + 0.88%)<sup>(b)</sup> | &nbsp;&nbsp; 510 | 510134 |
| 4.15%, 01/24/29 | &nbsp;&nbsp; 227 | 228340 |
| 4.18%, 01/23/30, (1-day SOFR + 0.74%)<sup>(b)</sup> | &nbsp;&nbsp; 435 | 436550 |
| 4.30%, 07/22/27 | &nbsp;&nbsp; 533 | 534961 |
| 4.48%, 04/04/31, (3-mo. CME Term SOFR + <br> 4.03%)<sup>(b)</sup><br>| &nbsp;&nbsp; 560 | 565608 |
| 4.81%, 07/25/28, (1-day SOFR + 1.98%)<sup>(b)</sup> | &nbsp;&nbsp; 650 | 656874 |
| 4.89%, 09/15/36, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 575 | 575367 |
| 4.90%, 07/25/33, (1-day SOFR + 2.10%)<sup>(b)</sup> | &nbsp;&nbsp; 1055 | 1075683 |
| 4.96%, 01/23/37, (1-day SOFR + 1.10%)<sup>(b)</sup> | &nbsp;&nbsp; 725 | 727499 |
| 4.97%, 04/23/29, (1-day SOFR + 1.37%)<sup>(b)</sup> | &nbsp;&nbsp; 630 | 642209 |
| 5.15%, 04/23/31, (1-day SOFR + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 915 | 947065 |
| 5.20%, 01/23/30, (1-day SOFR + 1.50%)<sup>(b)</sup> | &nbsp;&nbsp; 665 | 685118 |
| 5.21%, 12/03/35, (1-day SOFR + 1.38%)<sup>(b)</sup> | &nbsp;&nbsp; 600 | 615481 |
| 5.24%, 01/24/31, (1-day SOFR + 1.11%)<sup>(b)</sup> | &nbsp;&nbsp; 435 | 451489 |
| 5.38%, 02/07/35 | &nbsp;&nbsp; 540 | 567594 |
| 5.39%, 04/24/34, (1-day SOFR + 2.02%)<sup>(b)</sup> | &nbsp;&nbsp; 880 | 916619 |
| 5.50%, 01/23/35, (1-day SOFR + 1.78%)<sup>(b)</sup> | &nbsp;&nbsp; 745 | 779955 |
| 5.56%, 07/25/34, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 1035 | 1088512 |
| 5.57%, 07/25/29, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 990 | 1024511 |
| 5.61%, 04/23/36, (1-day SOFR + 1.74%)<sup>(b)</sup> | &nbsp;&nbsp; 355 | 373556 |
| 5.71%, 04/22/28, (1-day SOFR + 1.07%)<sup>(b)</sup> | &nbsp;&nbsp; 830 | 845241 |
| 6.30%, 10/23/29, (1-day SOFR + 1.79%)<sup>(b)</sup> | &nbsp;&nbsp; 640 | 675101 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| 6.49%, 10/23/34, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; $800 | $888212 |
| Series B, 7.95%, 11/15/29 | &nbsp;&nbsp; 100 | 112753 |
| Westpac Banking Corp. |  |  |
| 1.95%, 11/20/28 | &nbsp;&nbsp; 346 | 330205 |
| 2.15%, 06/03/31 | &nbsp;&nbsp; 430 | 393618 |
| 2.65%, 01/16/30 | &nbsp;&nbsp; 165 | 157953 |
| 2.67%, 11/15/35, (5-year CMT + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 252646 |
| 3.02%, 11/18/36, (5-year CMT + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 230 | 210586 |
| 3.35%, 03/08/27 | &nbsp;&nbsp; 243 | 242243 |
| 3.40%, 01/25/28 | &nbsp;&nbsp; 297 | 295694 |
| 4.04%, 08/26/27 | &nbsp;&nbsp; 330 | 331977 |
| 4.11%, 07/24/34, (5-year CMT + 2.00%)<sup>(b)</sup> | &nbsp;&nbsp; 230 | 228021 |
| 4.35%, 07/01/30 | &nbsp;&nbsp; 230 | 234046 |
| 5.05%, 04/16/29 | &nbsp;&nbsp; 190 | 197348 |
| 5.41%, 08/10/33, (1-year CMT + 2.68%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 245127 |
| 5.46%, 11/18/27 | &nbsp;&nbsp; 375 | 386195 |
| 5.54%, 11/17/28 | &nbsp;&nbsp; 280 | 292824 |
| 5.62%, 11/20/35, (1-year CMT + 1.20%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 261693 |
| 6.82%, 11/17/33 | &nbsp;&nbsp; 225 | 253676 |
| Wintrust Financial Corp., 4.85%, 06/06/29 | &nbsp;&nbsp; 20 | 19994 |
| Zions Bancorp N.A. |  |  |
| 3.25%, 10/29/29 | &nbsp;&nbsp; 80 | 76121 |
| 6.82%, 11/19/35, (1-day SOFR + 2.83%)<sup>(b)</sup> | &nbsp;&nbsp; 30 | 31894 |
|  |  | 323748057 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 340 | 335049 |
| 4.75%, 01/23/29 | &nbsp;&nbsp; 644 | 659261 |
| 4.90%, 01/23/31 | &nbsp;&nbsp; 240 | 249931 |
| 5.00%, 06/15/34 | &nbsp;&nbsp; 215 | 223700 |
| 5.88%, 06/15/35 | &nbsp;&nbsp; 40 | 44039 |
| Brown-Forman Corp., 4.75%, 04/15/33 | &nbsp;&nbsp; 125 | 128165 |
| Coca-Cola Co.(The) |  |  |
| 1.00%, 03/15/28 | &nbsp;&nbsp; 110 | 104615 |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 328 | 290930 |
| 1.45%, 06/01/27 | &nbsp;&nbsp; 360 | 350678 |
| 1.50%, 03/05/28 | &nbsp;&nbsp; 70 | 67271 |
| 1.65%, 06/01/30 | &nbsp;&nbsp; 355 | 325252 |
| 2.00%, 03/05/31 | &nbsp;&nbsp; 190 | 174071 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 265 | 251677 |
| 2.25%, 01/05/32 | &nbsp;&nbsp; 465 | 423828 |
| 2.90%, 05/25/27 | &nbsp;&nbsp; 110 | 109095 |
| 3.38%, 03/25/27 | &nbsp;&nbsp; 278 | 277600 |
| 3.45%, 03/25/30 | &nbsp;&nbsp; 303 | 299552 |
| 4.65%, 08/14/34<sup>(a)</sup> | &nbsp;&nbsp; 180 | 186081 |
| 5.00%, 05/13/34 | &nbsp;&nbsp; 225 | 236797 |
| Coca-Cola Consolidated, Inc. |  |  |
| 5.25%, 06/01/29 | &nbsp;&nbsp; 220 | 228221 |
| 5.45%, 06/01/34 | &nbsp;&nbsp; 130 | 137788 |
| Coca-Cola Femsa SAB de CV |  |  |
| 1.85%, 09/01/32 | &nbsp;&nbsp; 95 | 81548 |
| 2.75%, 01/22/30 | &nbsp;&nbsp; 100 | 95465 |
| Constellation Brands, Inc. |  |  |
| 2.25%, 08/01/31 | &nbsp;&nbsp; 300 | 269775 |
| 2.88%, 05/01/30 | &nbsp;&nbsp; 145 | 137759 |
| 3.15%, 08/01/29 | &nbsp;&nbsp; 255 | 247887 |
| 3.50%, 05/09/27 | &nbsp;&nbsp; 135 | 134324 |
| 3.60%, 02/15/28 | &nbsp;&nbsp; 165 | 163977 |
| 4.35%, 05/09/27 | &nbsp;&nbsp; 160 | 160737 |
| 4.65%, 11/15/28 | &nbsp;&nbsp; 145 | 147232 |
| 4.75%, 05/09/32 | &nbsp;&nbsp; 115 | 116939 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| 4.80%, 01/15/29 | &nbsp;&nbsp; $95 | $96967 |
| 4.80%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp; 90 | 92259 |
| 4.90%, 05/01/33 | &nbsp;&nbsp; 185 | 188415 |
| 4.95%, 11/01/35 | &nbsp;&nbsp; 80 | 80068 |
| Diageo Capital PLC |  |  |
| 2.00%, 04/29/30 | &nbsp;&nbsp; 290 | 267128 |
| 2.13%, 04/29/32 | &nbsp;&nbsp; 70 | 61658 |
| 2.38%, 10/24/29 | &nbsp;&nbsp; 225 | 213046 |
| 3.88%, 05/18/28 | &nbsp;&nbsp; 60 | 60118 |
| 5.30%, 10/24/27 | &nbsp;&nbsp; 200 | 204700 |
| 5.50%, 01/24/33 | &nbsp;&nbsp; 50 | 52982 |
| 5.63%, 10/05/33 | &nbsp;&nbsp; 225 | 241170 |
| Diageo Investment Corp. |  |  |
| 5.63%, 04/15/35 | &nbsp;&nbsp; 200 | 212724 |
| 7.45%, 04/15/35 | &nbsp;&nbsp; 35 | 42423 |
| Keurig Dr Pepper, Inc. |  |  |
| 2.25%, 03/15/31 | &nbsp;&nbsp; 120 | 108293 |
| 3.20%, 05/01/30 | &nbsp;&nbsp; 170 | 162726 |
| 3.43%, 06/15/27 | &nbsp;&nbsp; 135 | 133986 |
| 3.95%, 04/15/29 | &nbsp;&nbsp; 255 | 253389 |
| 4.05%, 04/15/32 | &nbsp;&nbsp; 190 | 184777 |
| 4.35%, 05/15/28 | &nbsp;&nbsp; 135 | 135741 |
| 4.60%, 05/25/28 | &nbsp;&nbsp; 255 | 257524 |
| 4.60%, 05/15/30 | &nbsp;&nbsp; 120 | 121173 |
| 5.05%, 03/15/29 | &nbsp;&nbsp; 180 | 184491 |
| 5.10%, 03/15/27 | &nbsp;&nbsp; 85 | 85895 |
| 5.15%, 05/15/35 | &nbsp;&nbsp; 90 | 91139 |
| 5.30%, 03/15/34 | &nbsp;&nbsp; 160 | 164647 |
| Series 10, 5.20%, 03/15/31 | &nbsp;&nbsp; 115 | 118848 |
| PepsiCo Singapore Financing I Pte Ltd. |  |  |
| 4.55%, 02/16/29 | &nbsp;&nbsp; 125 | 127701 |
| 4.70%, 02/16/34 | &nbsp;&nbsp; 130 | 132167 |
| PepsiCo, Inc. |  |  |
| 1.40%, 02/25/31 | &nbsp;&nbsp; 215 | 191166 |
| 1.63%, 05/01/30 | &nbsp;&nbsp; 264 | 241361 |
| 1.95%, 10/21/31 | &nbsp;&nbsp; 255 | 228972 |
| 2.63%, 03/19/27 | &nbsp;&nbsp; 135 | 133487 |
| 2.63%, 07/29/29 | &nbsp;&nbsp; 243 | 234222 |
| 2.75%, 03/19/30 | &nbsp;&nbsp; 320 | 306716 |
| 3.00%, 10/15/27 | &nbsp;&nbsp; 198 | 196323 |
| 3.60%, 02/18/28 | &nbsp;&nbsp; 180 | 180027 |
| 3.90%, 07/18/32 | &nbsp;&nbsp; 340 | 337397 |
| 4.10%, 01/15/29 | &nbsp;&nbsp; 155 | 156637 |
| 4.30%, 07/23/30<sup>(a)</sup> | &nbsp;&nbsp; 155 | 158096 |
| 4.45%, 02/07/28 | &nbsp;&nbsp; 150 | 152274 |
| 4.45%, 05/15/28 | &nbsp;&nbsp; 165 | 167624 |
| 4.45%, 02/15/33 | &nbsp;&nbsp; 185 | 189735 |
| 4.50%, 07/17/29 | &nbsp;&nbsp; 205 | 209809 |
| 4.60%, 02/07/30 | &nbsp;&nbsp; 155 | 159286 |
| 4.65%, 07/23/32 | &nbsp;&nbsp; 210 | 216458 |
| 4.80%, 07/17/34 | &nbsp;&nbsp; 180 | 186112 |
| 5.00%, 02/07/35 | &nbsp;&nbsp; 310 | 321052 |
| 5.00%, 07/23/35 | &nbsp;&nbsp; 230 | 238252 |
| 7.00%, 03/01/29 | &nbsp;&nbsp; 135 | 147476 |
|  |  | 15087881 |
| **Biotechnology — 0.2%** | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| Amgen, Inc. |  |  |
| 1.65%, 08/15/28 | &nbsp;&nbsp; 265 | 251754 |
| 2.00%, 01/15/32 | &nbsp;&nbsp; 250 | 220815 |
| 2.30%, 02/25/31 | &nbsp;&nbsp; 280 | 257331 |
| 2.45%, 02/21/30 | &nbsp;&nbsp; 265 | 249942 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology (continued)** | **Biotechnology (continued)** | **Biotechnology (continued)** |
| 3.00%, 02/22/29 | &nbsp;&nbsp; $200 | $195121 |
| 3.20%, 11/02/27 | &nbsp;&nbsp; 282 | 279306 |
| 3.35%, 02/22/32 | &nbsp;&nbsp; 235 | 223766 |
| 4.05%, 08/18/29 | &nbsp;&nbsp; 340 | 341412 |
| 4.20%, 02/19/31<sup>(a)</sup> | &nbsp;&nbsp; 175 | 175511 |
| 4.20%, 03/01/33 | &nbsp;&nbsp; 215 | 212267 |
| 4.85%, 02/19/36 | &nbsp;&nbsp; 215 | 216162 |
| 5.15%, 03/02/28 | &nbsp;&nbsp; 835 | 855054 |
| 5.25%, 03/02/30 | &nbsp;&nbsp; 645 | 673029 |
| 5.25%, 03/02/33 | &nbsp;&nbsp; 960 | 1004706 |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/30 | &nbsp;&nbsp; 375 | 347753 |
| 5.05%, 01/15/31 | &nbsp;&nbsp; 70 | 72607 |
| 5.75%, 05/15/35 | &nbsp;&nbsp; 160 | 170553 |
| Bio-Rad Laboratories, Inc. |  |  |
| 3.30%, 03/15/27 | &nbsp;&nbsp; 105 | 104174 |
| 3.70%, 03/15/32 | &nbsp;&nbsp; 225 | 214144 |
| Gilead Sciences, Inc. |  |  |
| 1.20%, 10/01/27 | &nbsp;&nbsp; 195 | 187561 |
| 1.65%, 10/01/30 | &nbsp;&nbsp; 300 | 271216 |
| 2.95%, 03/01/27 | &nbsp;&nbsp; 302 | 299814 |
| 4.60%, 09/01/35 | &nbsp;&nbsp; 10 | 9986 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 155 | 159734 |
| 5.10%, 06/15/35 | &nbsp;&nbsp; 90 | 93126 |
| 5.25%, 10/15/33 | &nbsp;&nbsp; 215 | 226890 |
| Illumina, Inc. |  |  |
| 2.55%, 03/23/31 | &nbsp;&nbsp; 170 | 155958 |
| 4.75%, 12/12/30 | &nbsp;&nbsp; 105 | 106558 |
| 5.75%, 12/13/27 | &nbsp;&nbsp; 140 | 144046 |
| Regeneron Pharmaceuticals, Inc., 1.75%, 09/15/30 | &nbsp;&nbsp; 318 | 286627 |
| Royalty Pharma PLC |  |  |
| 1.75%, 09/02/27 | &nbsp;&nbsp; 260 | 251613 |
| 2.15%, 09/02/31 | &nbsp;&nbsp; 134 | 119714 |
| 2.20%, 09/02/30 | &nbsp;&nbsp; 230 | 211019 |
| 4.45%, 03/25/31 | &nbsp;&nbsp; 80 | 80440 |
| 5.15%, 09/02/29 | &nbsp;&nbsp; 130 | 134342 |
| 5.20%, 09/25/35 | &nbsp;&nbsp; 105 | 106647 |
| 5.40%, 09/02/34 | &nbsp;&nbsp; 175 | 180938 |
|  |  | 9091636 |
| **Building Materials — 0.2%** | **Building Materials — 0.2%** | **Building Materials — 0.2%** |
| Amrize Finance U.S. LLC |  |  |
| 4.60%, 04/07/27 | &nbsp;&nbsp; 140 | 141006 |
| 4.70%, 04/07/28 | &nbsp;&nbsp; 75 | 76149 |
| 4.95%, 04/07/30 | &nbsp;&nbsp; 40 | 41129 |
| 5.40%, 04/07/35 | &nbsp;&nbsp; 235 | 245670 |
| Carlisle Companies, Inc. |  |  |
| 2.20%, 03/01/32 | &nbsp;&nbsp; 152 | 134316 |
| 2.75%, 03/01/30 | &nbsp;&nbsp; 205 | 194551 |
| 3.75%, 12/01/27 | &nbsp;&nbsp; 180 | 179427 |
| 5.25%, 09/15/35<sup>(a)</sup> | &nbsp;&nbsp; 40 | 41280 |
| Carrier Global Corp. |  |  |
| 2.70%, 02/15/31 | &nbsp;&nbsp; 185 | 173142 |
| 2.72%, 02/15/30 | &nbsp;&nbsp; 470 | 446614 |
| 5.90%, 03/15/34 | &nbsp;&nbsp; 200 | 216161 |
| CRH America Finance, Inc. |  |  |
| 4.40%, 02/09/31 | &nbsp;&nbsp; 180 | 181277 |
| 5.00%, 02/09/36 | &nbsp;&nbsp; 255 | 258070 |
| 5.40%, 05/21/34 | &nbsp;&nbsp; 210 | 219465 |
| 5.50%, 01/09/35 | &nbsp;&nbsp; 200 | 210392 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| CRH SMW Finance DAC |  |  |
| 5.13%, 01/09/30 | &nbsp;&nbsp; $200 | $207009 |
| 5.20%, 05/21/29 | &nbsp;&nbsp; 200 | 207161 |
| Eagle Materials, Inc. |  |  |
| 2.50%, 07/01/31 | &nbsp;&nbsp; 200 | 183105 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 75 | 74327 |
| Fortune Brands Innovations, Inc. |  |  |
| 3.25%, 09/15/29 | &nbsp;&nbsp; 140 | 135618 |
| 4.00%, 03/25/32 | &nbsp;&nbsp; 150 | 145713 |
| 5.88%, 06/01/33<sup>(a)</sup> | &nbsp;&nbsp; 150 | 160487 |
| Johnson Controls International PLC/Tyco Fire & <br> Security Finance SCA<br>|  |  |
| 1.75%, 09/15/30 | &nbsp;&nbsp; 130 | 117604 |
| 2.00%, 09/16/31 | &nbsp;&nbsp; 175 | 155974 |
| 4.90%, 12/01/32 | &nbsp;&nbsp; 155 | 159265 |
| 5.50%, 04/19/29 | &nbsp;&nbsp; 220 | 230074 |
| Lennox International, Inc. |  |  |
| 1.70%, 08/01/27 | &nbsp;&nbsp; 105 | 101781 |
| 5.50%, 09/15/28 | &nbsp;&nbsp; 135 | 139668 |
| Martin Marietta Materials, Inc. |  |  |
| 2.40%, 07/15/31 | &nbsp;&nbsp; 265 | 241205 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 50 | 49731 |
| 3.50%, 12/15/27 | &nbsp;&nbsp; 139 | 138075 |
| 5.15%, 12/01/34 | &nbsp;&nbsp; 70 | 72212 |
| Series CB, 2.50%, 03/15/30 | &nbsp;&nbsp; 155 | 146060 |
| Masco Corp. |  |  |
| 1.50%, 02/15/28 | &nbsp;&nbsp; 145 | 138369 |
| 2.00%, 10/01/30 | &nbsp;&nbsp; 95 | 86088 |
| 2.00%, 02/15/31 | &nbsp;&nbsp; 155 | 139384 |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 90 | 89427 |
| Mohawk Industries, Inc., 5.85%, 09/18/28 | &nbsp;&nbsp; 100 | 104112 |
| Owens Corning |  |  |
| 3.50%, 02/15/30 | &nbsp;&nbsp; 75 | 73351 |
| 3.88%, 06/01/30 | &nbsp;&nbsp; 125 | 123655 |
| 3.95%, 08/15/29 | &nbsp;&nbsp; 95 | 94658 |
| 5.50%, 06/15/27 | &nbsp;&nbsp; 90 | 91652 |
| 5.70%, 06/15/34 | &nbsp;&nbsp; 190 | 201468 |
| Trane Technologies Financing Ltd. |  |  |
| 3.80%, 03/21/29 | &nbsp;&nbsp; 213 | 213074 |
| 5.10%, 06/13/34 | &nbsp;&nbsp; 115 | 119834 |
| 5.25%, 03/03/33 | &nbsp;&nbsp; 220 | 231462 |
| Trane Technologies Holdco, Inc., 3.75%, 08/21/28 | &nbsp;&nbsp; 155 | 155323 |
| Vulcan Materials Co. |  |  |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 190 | 185731 |
| 3.90%, 04/01/27 | &nbsp;&nbsp; 115 | 114958 |
| 4.95%, 12/01/29 | &nbsp;&nbsp; 130 | 133972 |
| 5.35%, 12/01/34 | &nbsp;&nbsp; 155 | 161573 |
|  |  | 7881809 |
| **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
| Air Products and Chemicals, Inc. |  |  |
| 1.85%, 05/15/27 | &nbsp;&nbsp; 255 | 249728 |
| 2.05%, 05/15/30 | &nbsp;&nbsp; 247 | 228972 |
| 4.30%, 06/11/28 | &nbsp;&nbsp; 165 | 167011 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 195 | 199503 |
| 4.75%, 02/08/31 | &nbsp;&nbsp; 145 | 149728 |
| 4.80%, 03/03/33 | &nbsp;&nbsp; 150 | 154427 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 255 | 261641 |
| 4.90%, 10/11/32 | &nbsp;&nbsp; 105 | 108668 |
| Albemarle Corp. |  |  |
| 4.65%, 06/01/27 | &nbsp;&nbsp; 170 | 171269 |
| 5.05%, 06/01/32 | &nbsp;&nbsp; 155 | 158034 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Cabot Corp. |  |  |
| 4.00%, 07/01/29 | &nbsp;&nbsp; $93 | $92969 |
| 5.00%, 06/30/32 | &nbsp;&nbsp; 100 | 102361 |
| CF Industries, Inc. |  |  |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 195 | 198364 |
| 5.30%, 11/26/35 | &nbsp;&nbsp; 215 | 218639 |
| Dow Chemical Co.(The) |  |  |
| 2.10%, 11/15/30 | &nbsp;&nbsp; 215 | 191659 |
| 4.25%, 10/01/34 | &nbsp;&nbsp; 35 | 32359 |
| 4.80%, 11/30/28 | &nbsp;&nbsp; 168 | 170733 |
| 4.80%, 01/15/31 | &nbsp;&nbsp; 195 | 194581 |
| 5.15%, 02/15/34 | &nbsp;&nbsp; 140 | 139404 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 155 | 154013 |
| 6.30%, 03/15/33<sup>(a)</sup> | &nbsp;&nbsp; 130 | 138234 |
| 7.38%, 11/01/29 | &nbsp;&nbsp; 142 | 156049 |
| DuPont de Nemours, Inc. |  |  |
| 4.73%, 11/15/28 | &nbsp;&nbsp; 5 | 5079 |
| 4.73%, 11/15/28<sup>(c)</sup> | &nbsp;&nbsp; 245 | 248346 |
| Eastman Chemical Co. |  |  |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 150 | 151719 |
| 4.50%, 02/20/31 | &nbsp;&nbsp; 100 | 100064 |
| 5.00%, 08/01/29 | &nbsp;&nbsp; 180 | 184758 |
| 5.63%, 02/20/34 | &nbsp;&nbsp; 150 | 156564 |
| 5.75%, 03/08/33<sup>(a)</sup> | &nbsp;&nbsp; 120 | 127584 |
| Ecolab, Inc. |  |  |
| 1.30%, 01/30/31 | &nbsp;&nbsp; 148 | 130291 |
| 2.13%, 02/01/32 | &nbsp;&nbsp; 152 | 136303 |
| 3.25%, 12/01/27 | &nbsp;&nbsp; 159 | 158045 |
| 4.30%, 06/15/28 | &nbsp;&nbsp; 135 | 136592 |
| 4.80%, 03/24/30 | &nbsp;&nbsp; 182 | 187474 |
| 5.00%, 09/01/35 | &nbsp;&nbsp; 110 | 113601 |
| 5.25%, 01/15/28 | &nbsp;&nbsp; 140 | 143841 |
| EIDP, Inc. |  |  |
| 2.30%, 07/15/30 | &nbsp;&nbsp; 191 | 178688 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 115 | 116369 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 140 | 145211 |
| International Flavors & Fragrances, Inc., 4.45%, <br> 09/26/28<br>| &nbsp;&nbsp; 46 | 46336 |
| Linde, Inc./CT, 1.10%, 08/10/30 | &nbsp;&nbsp; 186 | 165226 |
| Lubrizol Corp. (The), 6.50%, 10/01/34 | &nbsp;&nbsp; 55 | 63003 |
| LYB International Finance II BV, 3.50%, 03/02/27 | &nbsp;&nbsp; 150 | 149139 |
| LYB International Finance III LLC |  |  |
| 2.25%, 10/01/30 | &nbsp;&nbsp; 140 | 126593 |
| 5.13%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 5 | 5083 |
| 5.50%, 03/01/34 | &nbsp;&nbsp; 175 | 176242 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 105 | 107230 |
| 5.88%, 01/15/36 | &nbsp;&nbsp; 230 | 232363 |
| 6.15%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 115 | 119484 |
| Mosaic Co.(The) |  |  |
| 4.05%, 11/15/27 | &nbsp;&nbsp; 200 | 200194 |
| 4.35%, 01/15/29 | &nbsp;&nbsp; 10 | 10080 |
| 4.60%, 11/15/30 | &nbsp;&nbsp; 10 | 10124 |
| 5.38%, 11/15/28 | &nbsp;&nbsp; 150 | 154850 |
| 5.45%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp; 60 | 62304 |
| NewMarket Corp., 2.70%, 03/18/31 | &nbsp;&nbsp; 115 | 105918 |
| Nutrien Ltd. |  |  |
| 2.95%, 05/13/30 | &nbsp;&nbsp; 159 | 151610 |
| 4.13%, 03/15/35 | &nbsp;&nbsp; 95 | 89451 |
| 4.20%, 04/01/29 | &nbsp;&nbsp; 155 | 155600 |
| 4.50%, 03/12/27 | &nbsp;&nbsp; 95 | 95500 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 205 | 208667 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| 5.20%, 06/21/27 | &nbsp;&nbsp; $150 | $152330 |
| 5.25%, 03/12/32 | &nbsp;&nbsp; 155 | 161839 |
| 5.40%, 06/21/34 | &nbsp;&nbsp; 170 | 177322 |
| PPG Industries, Inc. |  |  |
| 2.55%, 06/15/30 | &nbsp;&nbsp; 90 | 84694 |
| 2.80%, 08/15/29 | &nbsp;&nbsp; 85 | 82110 |
| 3.75%, 03/15/28 | &nbsp;&nbsp; 210 | 209628 |
| 4.38%, 03/15/31 | &nbsp;&nbsp; 110 | 110540 |
| RPM International, Inc. |  |  |
| 2.95%, 01/15/32 | &nbsp;&nbsp; 90 | 82763 |
| 3.75%, 03/15/27 | &nbsp;&nbsp; 119 | 118750 |
| 4.55%, 03/01/29 | &nbsp;&nbsp; 117 | 118779 |
| Sherwin-Williams Co.(The) |  |  |
| 2.20%, 03/15/32 | &nbsp;&nbsp; 130 | 115370 |
| 2.30%, 05/15/30 | &nbsp;&nbsp; 117 | 108749 |
| 2.95%, 08/15/29 | &nbsp;&nbsp; 185 | 178747 |
| 3.45%, 06/01/27 | &nbsp;&nbsp; 395 | 393107 |
| 4.30%, 08/15/28 | &nbsp;&nbsp; 150 | 151260 |
| 4.50%, 08/15/30 | &nbsp;&nbsp; 105 | 106584 |
| 4.55%, 03/01/28 | &nbsp;&nbsp; 90 | 91161 |
| 4.80%, 09/01/31 | &nbsp;&nbsp; 125 | 128705 |
| 5.15%, 08/15/35 | &nbsp;&nbsp; 105 | 107896 |
| Westlake Corp. |  |  |
| 3.38%, 06/15/30 | &nbsp;&nbsp; 85 | 82185 |
| 5.55%, 11/15/35 | &nbsp;&nbsp; 80 | 81211 |
|  |  | 11337602 |
| **Commercial Services — 0.3%** | **Commercial Services — 0.3%** | **Commercial Services — 0.3%** |
| Automatic Data Processing, Inc. |  |  |
| 1.25%, 09/01/30 | &nbsp;&nbsp; 260 | 232047 |
| 1.70%, 05/15/28 | &nbsp;&nbsp; 255 | 244275 |
| 4.45%, 09/09/34 | &nbsp;&nbsp; 185 | 184688 |
| 4.75%, 05/08/32 | &nbsp;&nbsp; 245 | 252790 |
| Block Financial LLC |  |  |
| 2.50%, 07/15/28 | &nbsp;&nbsp; 140 | 133446 |
| 3.88%, 08/15/30 | &nbsp;&nbsp; 160 | 152263 |
| 5.38%, 09/15/32 | &nbsp;&nbsp; 65 | 63929 |
| Cintas Corp. No. 2 |  |  |
| 3.70%, 04/01/27 | &nbsp;&nbsp; 303 | 302715 |
| 4.00%, 05/01/32 | &nbsp;&nbsp; 196 | 194070 |
| 4.20%, 05/01/28 | &nbsp;&nbsp; 75 | 75656 |
| Cornell University |  |  |
| 4.84%, 06/15/34 | &nbsp;&nbsp; 125 | 128968 |
| Series 2025, 4.17%, 06/15/30 | &nbsp;&nbsp; 75 | 75961 |
| Series 2025, 4.73%, 06/15/35 | &nbsp;&nbsp; 100 | 102319 |
| Emory University, Series 2020, 2.14%, 09/01/30 | &nbsp;&nbsp; 105 | 97330 |
| Equifax, Inc. |  |  |
| 2.35%, 09/15/31 | &nbsp;&nbsp; 260 | 232977 |
| 3.10%, 05/15/30 | &nbsp;&nbsp; 150 | 143053 |
| 4.80%, 09/15/29 | &nbsp;&nbsp; 135 | 137445 |
| 5.10%, 12/15/27 | &nbsp;&nbsp; 200 | 203680 |
| 5.10%, 06/01/28 | &nbsp;&nbsp; 190 | 193957 |
| Global Payments, Inc. |  |  |
| 2.90%, 05/15/30 | &nbsp;&nbsp; 290 | 270018 |
| 2.90%, 11/15/31 | &nbsp;&nbsp; 200 | 180137 |
| 3.20%, 08/15/29 | &nbsp;&nbsp; 287 | 275244 |
| 4.45%, 06/01/28 | &nbsp;&nbsp; 135 | 135334 |
| 4.50%, 11/15/28 | &nbsp;&nbsp; 255 | 255881 |
| 4.88%, 11/15/30 | &nbsp;&nbsp; 210 | 209725 |
| 4.95%, 08/15/27 | &nbsp;&nbsp; 125 | 126010 |
| 5.20%, 11/15/32 | &nbsp;&nbsp; 160 | 160667 |
| 5.30%, 08/15/29 | &nbsp;&nbsp; 95 | 97649 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| 5.40%, 08/15/32 | &nbsp;&nbsp; $190 | $193418 |
| 5.55%, 11/15/35 | &nbsp;&nbsp; 395 | 392847 |
| J Paul Getty Trust (The), 4.91%, 04/01/35 | &nbsp;&nbsp; 100 | 103641 |
| Johns Hopkins University, 4.71%, 07/01/32 | &nbsp;&nbsp; 65 | 67310 |
| Leland Stanford Junior University(The) |  |  |
| 1.29%, 06/01/27 | &nbsp;&nbsp; 45 | 43774 |
| 4.68%, 03/01/35 | &nbsp;&nbsp; 15 | 15365 |
| Series 2025, 4.15%, 08/01/30 | &nbsp;&nbsp; 200 | 202786 |
| Moody's Corp. |  |  |
| 2.00%, 08/19/31 | &nbsp;&nbsp; 115 | 103242 |
| 3.25%, 01/15/28 | &nbsp;&nbsp; 130 | 128516 |
| 4.25%, 02/01/29 | &nbsp;&nbsp; 160 | 161642 |
| 4.25%, 08/08/32 | &nbsp;&nbsp; 150 | 149572 |
| 5.00%, 08/05/34 | &nbsp;&nbsp; 150 | 154420 |
| PayPal Holdings, Inc. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 245 | 228896 |
| 2.85%, 10/01/29 | &nbsp;&nbsp; 341 | 328823 |
| 3.90%, 06/01/27 | &nbsp;&nbsp; 140 | 140154 |
| 4.40%, 06/01/32 | &nbsp;&nbsp; 195 | 195459 |
| 4.45%, 03/06/28 | &nbsp;&nbsp; 135 | 136528 |
| 5.10%, 04/01/35 | &nbsp;&nbsp; 110 | 110942 |
| 5.15%, 06/01/34 | &nbsp;&nbsp; 210 | 213794 |
| President and Fellows of Harvard College |  |  |
| 4.61%, 02/15/35 | &nbsp;&nbsp; 25 | 25636 |
| 4.89%, 03/15/30 | &nbsp;&nbsp; 40 | 41646 |
| Quanta Services, Inc. |  |  |
| 2.35%, 01/15/32 | &nbsp;&nbsp; 125 | 111651 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 240 | 226876 |
| 4.30%, 08/09/28 | &nbsp;&nbsp; 75 | 75594 |
| 4.50%, 01/15/31 | &nbsp;&nbsp; 85 | 85994 |
| 4.75%, 08/09/27 | &nbsp;&nbsp; 100 | 101077 |
| 5.10%, 08/09/35 | &nbsp;&nbsp; 95 | 96666 |
| 5.25%, 08/09/34 | &nbsp;&nbsp; 170 | 176140 |
| RELX Capital, Inc. |  |  |
| 3.00%, 05/22/30 | &nbsp;&nbsp; 205 | 195703 |
| 4.00%, 03/18/29 | &nbsp;&nbsp; 273 | 272746 |
| 4.75%, 03/27/30 | &nbsp;&nbsp; 95 | 96931 |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 130 | 132426 |
| 5.25%, 03/27/35 | &nbsp;&nbsp; 80 | 82340 |
| Rollins, Inc., 5.25%, 02/24/35 | &nbsp;&nbsp; 70 | 71969 |
| S&P Global, Inc. |  |  |
| 1.25%, 08/15/30 | &nbsp;&nbsp; 150 | 132943 |
| 2.45%, 03/01/27 | &nbsp;&nbsp; 240 | 236691 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 139 | 132045 |
| 2.70%, 03/01/29 | &nbsp;&nbsp; 300 | 290003 |
| 2.90%, 03/01/32 | &nbsp;&nbsp; 370 | 344270 |
| 4.25%, 05/01/29 | &nbsp;&nbsp; 240 | 242079 |
| 4.25%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp; 65 | 65222 |
| 4.75%, 08/01/28 | &nbsp;&nbsp; 170 | 173597 |
| 4.80%, 12/04/35<sup>(c)</sup> | &nbsp;&nbsp; 45 | 45082 |
| 5.25%, 09/15/33 | &nbsp;&nbsp; 185 | 195118 |
| TR Finance LLC, 5.50%, 08/15/35 | &nbsp;&nbsp; 35 | 36416 |
| Triton Container International Ltd./TAL International <br> Container Corp.<br>|  |  |
| 3.25%, 03/15/32 | &nbsp;&nbsp; 143 | 132483 |
| 5.15%, 02/15/33 | &nbsp;&nbsp; 90 | 90019 |
| Trustees of Columbia University in the City of New <br> York (The), Series 2024, 4.36%, 10/01/35<br>| &nbsp;&nbsp; 5 | 4980 |
| Trustees of Dartmouth College, 4.27%, 06/01/30 | &nbsp;&nbsp; 60 | 60882 |
| Trustees of Princeton University (The), 4.65%, <br> 07/01/30<br>| &nbsp;&nbsp; 35 | 36194 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| UL Solutions, Inc., 6.50%, 10/20/28 | &nbsp;&nbsp; $100 | $105820 |
| Verisk Analytics, Inc. |  |  |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 185 | 185537 |
| 4.45%, 03/15/31 | &nbsp;&nbsp; 30 | 30114 |
| 5.13%, 03/15/36 | &nbsp;&nbsp; 50 | 49900 |
| 5.25%, 06/05/34 | &nbsp;&nbsp; 130 | 132339 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 170 | 172686 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 130 | 137724 |
| Yale University |  |  |
| Series 2020, 1.48%, 04/15/30 | &nbsp;&nbsp; 115 | 105042 |
| Series 2025, 4.70%, 04/15/32 | &nbsp;&nbsp; 65 | 67537 |
|  |  | 12931481 |
| **Computers — 0.6%** | **Computers — 0.6%** | **Computers — 0.6%** |
| Accenture Capital, Inc. |  |  |
| 3.90%, 10/04/27 | &nbsp;&nbsp; 255 | 256048 |
| 4.05%, 10/04/29 | &nbsp;&nbsp; 290 | 291684 |
| 4.25%, 10/04/31 | &nbsp;&nbsp; 330 | 331101 |
| 4.50%, 10/04/34 | &nbsp;&nbsp; 285 | 281993 |
| Amdocs Ltd., 2.54%, 06/15/30 | &nbsp;&nbsp; 160 | 146083 |
| Apple, Inc. |  |  |
| 1.20%, 02/08/28 | &nbsp;&nbsp; 580 | 554664 |
| 1.25%, 08/20/30 | &nbsp;&nbsp; 280 | 251239 |
| 1.40%, 08/05/28 | &nbsp;&nbsp; 515 | 489526 |
| 1.65%, 05/11/30 | &nbsp;&nbsp; 398 | 365445 |
| 1.65%, 02/08/31 | &nbsp;&nbsp; 630 | 570269 |
| 1.70%, 08/05/31 | &nbsp;&nbsp; 275 | 246476 |
| 2.20%, 09/11/29 | &nbsp;&nbsp; 399 | 380133 |
| 2.90%, 09/12/27 | &nbsp;&nbsp; 461 | 456515 |
| 3.00%, 06/20/27 | &nbsp;&nbsp; 232 | 230551 |
| 3.00%, 11/13/27 | &nbsp;&nbsp; 360 | 357192 |
| 3.20%, 05/11/27 | &nbsp;&nbsp; 455 | 453254 |
| 3.25%, 08/08/29 | &nbsp;&nbsp; 250 | 246989 |
| 3.35%, 08/08/32 | &nbsp;&nbsp; 335 | 324640 |
| 4.00%, 05/10/28 | &nbsp;&nbsp; 350 | 352924 |
| 4.00%, 05/12/28 | &nbsp;&nbsp; 310 | 312799 |
| 4.15%, 05/10/30 | &nbsp;&nbsp; 125 | 126908 |
| 4.20%, 05/12/30 | &nbsp;&nbsp; 220 | 223473 |
| 4.30%, 05/10/33 | &nbsp;&nbsp; 215 | 219754 |
| 4.50%, 05/12/32 | &nbsp;&nbsp; 220 | 226889 |
| 4.75%, 05/12/35 | &nbsp;&nbsp; 260 | 268605 |
| Booz Allen Hamilton, Inc. |  |  |
| 5.95%, 08/04/33 | &nbsp;&nbsp; 160 | 164176 |
| 5.95%, 04/15/35 | &nbsp;&nbsp; 140 | 142070 |
| CGI, Inc. |  |  |
| 2.30%, 09/14/31 | &nbsp;&nbsp; 130 | 115685 |
| 4.95%, 03/14/30 | &nbsp;&nbsp; 160 | 162430 |
| Dell International LLC/EMC Corp. |  |  |
| 4.15%, 02/15/29 | &nbsp;&nbsp; 240 | 240753 |
| 4.35%, 02/01/30 | &nbsp;&nbsp; 185 | 185956 |
| 4.50%, 02/15/31 | &nbsp;&nbsp; 210 | 210970 |
| 4.75%, 04/01/28 | &nbsp;&nbsp; 120 | 121878 |
| 4.75%, 10/06/32 | &nbsp;&nbsp; 260 | 262034 |
| 4.85%, 02/01/35 | &nbsp;&nbsp; 200 | 198617 |
| 5.00%, 04/01/30 | &nbsp;&nbsp; 90 | 92542 |
| 5.10%, 02/15/36<sup>(a)</sup> | &nbsp;&nbsp; 200 | 200537 |
| 5.25%, 02/01/28 | &nbsp;&nbsp; 255 | 260797 |
| 5.30%, 10/01/29 | &nbsp;&nbsp; 422 | 437503 |
| 5.30%, 04/01/32 | &nbsp;&nbsp; 190 | 197256 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 215 | 222646 |
| 5.50%, 04/01/35 | &nbsp;&nbsp; 245 | 254401 |
| 5.75%, 02/01/33 | &nbsp;&nbsp; 245 | 260110 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| 6.10%, 07/15/27 | &nbsp;&nbsp; $165 | $169229 |
| 6.20%, 07/15/30 | &nbsp;&nbsp; 222 | 238314 |
| Dell, Inc., 7.10%, 04/15/28 | &nbsp;&nbsp; 85 | 90207 |
| DXC Technology Co., 2.38%, 09/15/28 | &nbsp;&nbsp; 170 | 160326 |
| Fortinet, Inc., 2.20%, 03/15/31 | &nbsp;&nbsp; 145 | 131377 |
| Gartner, Inc. |  |  |
| 4.95%, 03/20/31 | &nbsp;&nbsp; 50 | 49302 |
| 5.60%, 11/20/35 | &nbsp;&nbsp; 55 | 52681 |
| Genpact Luxembourg SARL/Genpact USA, Inc., <br> 6.00%, 06/04/29<br>| &nbsp;&nbsp; 90 | 93447 |
| Genpact UK Finco PLC/Genpact USA, Inc., 4.95%, <br> 11/18/30<br>| &nbsp;&nbsp; 65 | 64228 |
| Hewlett Packard Enterprise Co. |  |  |
| 4.05%, 09/15/27 | &nbsp;&nbsp; 175 | 175291 |
| 4.15%, 09/15/28 | &nbsp;&nbsp; 180 | 180403 |
| 4.40%, 09/25/27 | &nbsp;&nbsp; 325 | 326913 |
| 4.40%, 10/15/30 | &nbsp;&nbsp; 180 | 180236 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 410 | 414962 |
| 4.85%, 10/15/31 | &nbsp;&nbsp; 175 | 177502 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 620 | 613149 |
| 5.25%, 07/01/28 | &nbsp;&nbsp; 180 | 184761 |
| 6.20%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 15 | 16254 |
| HP, Inc. |  |  |
| 2.65%, 06/17/31 | &nbsp;&nbsp; 225 | 203796 |
| 3.00%, 06/17/27 | &nbsp;&nbsp; 245 | 241922 |
| 3.40%, 06/17/30 | &nbsp;&nbsp; 80 | 76913 |
| 4.00%, 04/15/29 | &nbsp;&nbsp; 265 | 263283 |
| 4.20%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp; 165 | 160041 |
| 4.75%, 01/15/28 | &nbsp;&nbsp; 215 | 217630 |
| 5.40%, 04/25/30 | &nbsp;&nbsp; 90 | 93296 |
| 5.50%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 255 | 261976 |
| 6.10%, 04/25/35<sup>(a)</sup> | &nbsp;&nbsp; 120 | 128220 |
| IBM International Capital Pte Ltd. |  |  |
| 4.60%, 02/05/29 | &nbsp;&nbsp; 170 | 173136 |
| 4.75%, 02/05/31 | &nbsp;&nbsp; 140 | 142616 |
| 4.90%, 02/05/34 | &nbsp;&nbsp; 195 | 197387 |
| International Business Machines Corp. |  |  |
| 1.70%, 05/15/27 | &nbsp;&nbsp; 285 | 277864 |
| 1.95%, 05/15/30 | &nbsp;&nbsp; 240 | 220138 |
| 2.72%, 02/09/32 | &nbsp;&nbsp; 160 | 146679 |
| 3.50%, 05/15/29 | &nbsp;&nbsp; 670 | 660190 |
| 4.00%, 02/03/29 | &nbsp;&nbsp; 100 | 100356 |
| 4.15%, 07/27/27 | &nbsp;&nbsp; 225 | 226274 |
| 4.30%, 02/03/31 | &nbsp;&nbsp; 100 | 100573 |
| 4.40%, 07/27/32 | &nbsp;&nbsp; 200 | 199994 |
| 4.50%, 02/06/28 | &nbsp;&nbsp; 180 | 182259 |
| 4.60%, 02/03/33 | &nbsp;&nbsp; 100 | 100778 |
| 4.65%, 02/10/28 | &nbsp;&nbsp; 214 | 217197 |
| 4.75%, 02/06/33 | &nbsp;&nbsp; 190 | 193437 |
| 4.80%, 02/10/30 | &nbsp;&nbsp; 125 | 128048 |
| 4.95%, 02/03/36 | &nbsp;&nbsp; 200 | 199582 |
| 5.00%, 02/10/32 | &nbsp;&nbsp; 140 | 144128 |
| 5.20%, 02/10/35<sup>(a)</sup> | &nbsp;&nbsp; 220 | 227076 |
| 5.88%, 11/29/32 | &nbsp;&nbsp; 135 | 146292 |
| 6.22%, 08/01/27 | &nbsp;&nbsp; 110 | 113685 |
| 6.50%, 01/15/28 | &nbsp;&nbsp; 55 | 57641 |
| Kyndryl Holdings, Inc. |  |  |
| 2.70%, 10/15/28 | &nbsp;&nbsp; 104 | 95747 |
| 3.15%, 10/15/31 | &nbsp;&nbsp; 143 | 121021 |
| 6.35%, 02/20/34<sup>(a)</sup> | &nbsp;&nbsp; 115 | 109373 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| Leidos, Inc. |  |  |
| 2.30%, 02/15/31 | &nbsp;&nbsp; $205 | $186138 |
| 4.10%, 03/15/29 | &nbsp;&nbsp; 115 | 115259 |
| 4.38%, 05/15/30 | &nbsp;&nbsp; 140 | 140461 |
| 5.00%, 03/15/36 | &nbsp;&nbsp; 125 | 124710 |
| 5.50%, 03/15/35 | &nbsp;&nbsp; 90 | 93843 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 200 | 212618 |
| NetApp, Inc. |  |  |
| 2.38%, 06/22/27 | &nbsp;&nbsp; 145 | 142016 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 175 | 164126 |
| 5.50%, 03/17/32 | &nbsp;&nbsp; 160 | 166758 |
| 5.70%, 03/17/35 | &nbsp;&nbsp; 160 | 166724 |
| Teledyne FLIR LLC, 2.50%, 08/01/30 | &nbsp;&nbsp; 90 | 84324 |
|  |  | 22739622 |
| **Cosmetics & Personal Care — 0.2%** | **Cosmetics & Personal Care — 0.2%** | **Cosmetics & Personal Care — 0.2%** |
| Colgate-Palmolive Co. |  |  |
| 3.10%, 08/15/27 | &nbsp;&nbsp; 170 | 168861 |
| 3.25%, 08/15/32 | &nbsp;&nbsp; 185 | 177125 |
| 4.20%, 05/01/30 | &nbsp;&nbsp; 200 | 203066 |
| 4.60%, 03/01/28 | &nbsp;&nbsp; 86 | 87538 |
| 4.60%, 03/01/33 | &nbsp;&nbsp; 116 | 119809 |
| Estee Lauder Companies, Inc.(The) |  |  |
| 1.95%, 03/15/31 | &nbsp;&nbsp; 175 | 157938 |
| 2.38%, 12/01/29 | &nbsp;&nbsp; 250 | 235826 |
| 2.60%, 04/15/30 | &nbsp;&nbsp; 125 | 118441 |
| 3.15%, 03/15/27 | &nbsp;&nbsp; 120 | 119190 |
| 4.38%, 05/15/28 | &nbsp;&nbsp; 215 | 217418 |
| 4.65%, 05/15/33 | &nbsp;&nbsp; 185 | 187610 |
| 5.00%, 02/14/34 | &nbsp;&nbsp; 105 | 108499 |
| Haleon U.S. Capital LLC |  |  |
| 3.38%, 03/24/27 | &nbsp;&nbsp; 380 | 378180 |
| 3.38%, 03/24/29 | &nbsp;&nbsp; 250 | 245781 |
| 3.63%, 03/24/32 | &nbsp;&nbsp; 430 | 414233 |
| Kenvue, Inc. |  |  |
| 4.85%, 05/22/32 | &nbsp;&nbsp; 210 | 217115 |
| 4.90%, 03/22/33 | &nbsp;&nbsp; 300 | 309628 |
| 5.00%, 03/22/30 | &nbsp;&nbsp; 290 | 300561 |
| 5.05%, 03/22/28 | &nbsp;&nbsp; 125 | 127951 |
| Procter & Gamble Co.(The) |  |  |
| 1.20%, 10/29/30 | &nbsp;&nbsp; 295 | 262356 |
| 1.95%, 04/23/31 | &nbsp;&nbsp; 265 | 242120 |
| 2.30%, 02/01/32 | &nbsp;&nbsp; 114 | 105209 |
| 2.80%, 03/25/27 | &nbsp;&nbsp; 133 | 131830 |
| 2.85%, 08/11/27 | &nbsp;&nbsp; 223 | 220971 |
| 3.00%, 03/25/30 | &nbsp;&nbsp; 381 | 370286 |
| 3.95%, 01/26/28 | &nbsp;&nbsp; 40 | 40332 |
| 4.05%, 05/01/30 | &nbsp;&nbsp; 170 | 172008 |
| 4.05%, 01/26/33<sup>(a)</sup> | &nbsp;&nbsp; 195 | 196570 |
| 4.10%, 11/03/32 | &nbsp;&nbsp; 175 | 175971 |
| 4.15%, 10/24/29 | &nbsp;&nbsp; 125 | 127315 |
| 4.35%, 01/29/29 | &nbsp;&nbsp; 160 | 163896 |
| 4.35%, 11/03/35 | &nbsp;&nbsp; 105 | 104589 |
| 4.55%, 01/29/34 | &nbsp;&nbsp; 175 | 179385 |
| 4.55%, 10/24/34 | &nbsp;&nbsp; 115 | 117916 |
| 4.60%, 05/01/35 | &nbsp;&nbsp; 120 | 122559 |
| 5.80%, 08/15/34 | &nbsp;&nbsp; 90 | 99607 |
| Unilever Capital Corp. |  |  |
| 1.38%, 09/14/30 | &nbsp;&nbsp; 130 | 117357 |
| 1.75%, 08/12/31 | &nbsp;&nbsp; 185 | 164823 |
| 2.13%, 09/06/29 | &nbsp;&nbsp; 205 | 194269 |
| 2.90%, 05/05/27 | &nbsp;&nbsp; 255 | 253012 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** | **Cosmetics & Personal Care (continued)** |
| 3.50%, 03/22/28 | &nbsp;&nbsp; $215 | $214361 |
| 4.25%, 08/12/27 | &nbsp;&nbsp; 220 | 221833 |
| 4.63%, 08/12/34 | &nbsp;&nbsp; 230 | 233646 |
| 4.88%, 09/08/28 | &nbsp;&nbsp; 105 | 107902 |
| 5.00%, 12/08/33 | &nbsp;&nbsp; 125 | 131130 |
| 5.90%, 11/15/32 | &nbsp;&nbsp; 193 | 213152 |
|  |  | 8579175 |
| **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** | **Distribution & Wholesale — 0.0%** |
| LKQ Corp. |  |  |
| 5.75%, 06/15/28 | &nbsp;&nbsp; 105 | 107846 |
| 6.25%, 06/15/33 | &nbsp;&nbsp; 135 | 143088 |
| WW Grainger, Inc., 4.45%, 09/15/34 | &nbsp;&nbsp; 115 | 115321 |
|  |  | 366255 |
| **Diversified Financial Services — 1.4%** | **Diversified Financial Services — 1.4%** | **Diversified Financial Services — 1.4%** |
| AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| 3.00%, 10/29/28 | &nbsp;&nbsp; 897 | 872242 |
| 3.30%, 01/30/32 | &nbsp;&nbsp; 890 | 831384 |
| 3.40%, 10/29/33 | &nbsp;&nbsp; 475 | 433399 |
| 3.65%, 07/21/27 | &nbsp;&nbsp; 225 | 224134 |
| 3.88%, 01/23/28 | &nbsp;&nbsp; 155 | 154613 |
| 4.13%, 02/28/29 | &nbsp;&nbsp; 150 | 150054 |
| 4.38%, 11/15/30 | &nbsp;&nbsp; 150 | 150341 |
| 4.63%, 10/15/27 | &nbsp;&nbsp; 160 | 161447 |
| 4.63%, 09/10/29 | &nbsp;&nbsp; 155 | 157105 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 150 | 150302 |
| 4.88%, 04/01/28 | &nbsp;&nbsp; 150 | 152510 |
| 4.95%, 09/10/34 | &nbsp;&nbsp; 240 | 240562 |
| 5.00%, 11/15/35 | &nbsp;&nbsp; 150 | 149692 |
| 5.10%, 01/19/29 | &nbsp;&nbsp; 195 | 200121 |
| 5.30%, 01/19/34 | &nbsp;&nbsp; 165 | 169766 |
| 5.38%, 12/15/31 | &nbsp;&nbsp; 25 | 26076 |
| 5.75%, 06/06/28 | &nbsp;&nbsp; 240 | 248611 |
| 6.15%, 09/30/30 | &nbsp;&nbsp; 205 | 219955 |
| 6.45%, 04/15/27 | &nbsp;&nbsp; 450 | 461275 |
| 6.95%, 03/10/55, (5-year CMT + 2.72%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 158273 |
| Affiliated Managers Group, Inc. |  |  |
| 3.30%, 06/15/30 | &nbsp;&nbsp; 135 | 129759 |
| 5.50%, 08/20/34 | &nbsp;&nbsp; 125 | 128368 |
| 5.50%, 02/15/36 | &nbsp;&nbsp; 100 | 100913 |
| Air Lease Corp. |  |  |
| 2.10%, 09/01/28 | &nbsp;&nbsp; 100 | 94957 |
| 2.88%, 01/15/32 | &nbsp;&nbsp; 190 | 172323 |
| 3.00%, 02/01/30 | &nbsp;&nbsp; 150 | 142004 |
| 3.13%, 12/01/30 | &nbsp;&nbsp; 165 | 154931 |
| 3.25%, 10/01/29 | &nbsp;&nbsp; 115 | 110942 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 175 | 174262 |
| 3.63%, 12/01/27 | &nbsp;&nbsp; 105 | 104285 |
| 4.63%, 10/01/28 | &nbsp;&nbsp; 125 | 126030 |
| 5.10%, 03/01/29 | &nbsp;&nbsp; 105 | 107358 |
| 5.20%, 07/15/31 | &nbsp;&nbsp; 130 | 133316 |
| 5.30%, 02/01/28 | &nbsp;&nbsp; 150 | 153142 |
| 5.85%, 12/15/27 | &nbsp;&nbsp; 155 | 159643 |
| Ally Financial, Inc. |  |  |
| 2.20%, 11/02/28 | &nbsp;&nbsp; 215 | 204738 |
| 4.75%, 06/09/27 | &nbsp;&nbsp; 191 | 192436 |
| 5.54%, 01/17/31, (1-day SOFR Index + 1.73%)<sup>(b)</sup> | &nbsp;&nbsp; 115 | 118212 |
| 5.55%, 07/31/33, (1-day SOFR + 1.78%)<sup>(b)</sup> | &nbsp;&nbsp; 155 | 156220 |
| 5.74%, 05/15/29, (1-day SOFR Index + 1.96%)<sup>(b)</sup> | &nbsp;&nbsp; 110 | 112967 |
| 6.18%, 07/26/35, (1-day SOFR + 2.29%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 283649 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 6.85%, 01/03/30, (1-day SOFR + 2.82%)<sup>(b)</sup> | &nbsp;&nbsp; $190 | $200945 |
| 6.99%, 06/13/29, (1-day SOFR + 3.26%)<sup>(b)</sup> | &nbsp;&nbsp; 195 | 205367 |
| 7.10%, 11/15/27 | &nbsp;&nbsp; 155 | 162321 |
| 8.00%, 11/01/31 | &nbsp;&nbsp; 625 | 709350 |
| American Express Co. |  |  |
| 2.55%, 03/04/27 | &nbsp;&nbsp; 418 | 413275 |
| 3.30%, 05/03/27 | &nbsp;&nbsp; 475 | 472506 |
| 4.01%, 02/09/29, (1-day SOFR + 0.58%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 275775 |
| 4.05%, 05/03/29 | &nbsp;&nbsp; 280 | 282251 |
| 4.35%, 07/20/29, (1-day SOFR + 0.81%)<sup>(b)</sup> | &nbsp;&nbsp; 375 | 378345 |
| 4.42%, 08/03/33, (1-day SOFR + 1.76%)<sup>(b)</sup> | &nbsp;&nbsp; 365 | 364461 |
| 4.46%, 02/10/32, (1-day SOFR + 0.87%)<sup>(b)</sup> | &nbsp;&nbsp; 195 | 196922 |
| 4.73%, 04/25/29, (1-day SOFR + 1.26%)<sup>(b)</sup> | &nbsp;&nbsp; 390 | 396339 |
| 4.80%, 10/24/36, (1-day SOFR + 1.24%)<sup>(b)</sup> | &nbsp;&nbsp; 340 | 336794 |
| 4.92%, 07/20/33, (1-day SOFR + 1.22%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 357914 |
| 4.99%, 05/26/33, (1-day SOFR + 2.26%)<sup>(b)</sup> | &nbsp;&nbsp; 165 | 168458 |
| 5.02%, 04/25/31, (1-day SOFR + 1.44%)<sup>(b)</sup> | &nbsp;&nbsp; 340 | 350760 |
| 5.04%, 07/26/28, (1-day SOFR + 0.93%)<sup>(b)</sup> | &nbsp;&nbsp; 290 | 294397 |
| 5.04%, 05/01/34, (1-day SOFR + 1.84%)<sup>(b)</sup> | &nbsp;&nbsp; 290 | 297595 |
| 5.09%, 01/30/31, (1-day SOFR Index + 1.02%)<sup>(b)</sup> | &nbsp;&nbsp; 240 | 248015 |
| 5.28%, 07/27/29, (1-day SOFR Index + 1.28%)<sup>(b)</sup> | &nbsp;&nbsp; 370 | 381145 |
| 5.28%, 07/26/35, (1-day SOFR + 1.42%)<sup>(b)</sup> | &nbsp;&nbsp; 400 | 414729 |
| 5.44%, 01/30/36, (1-day SOFR Index + 1.32%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 260442 |
| 5.53%, 04/25/30, (1-day SOFR Index + 1.09%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 365608 |
| 5.63%, 07/28/34, (1-day SOFR + 1.93%)<sup>(b)</sup> | &nbsp;&nbsp; 85 | 89170 |
| 5.67%, 04/25/36, (1-day SOFR + 1.79%)<sup>(b)</sup> | &nbsp;&nbsp; 325 | 343972 |
| 5.85%, 11/05/27 | &nbsp;&nbsp; 395 | 407583 |
| 5.92%, 04/25/35, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 145 | 154868 |
| 6.49%, 10/30/31, (1-day SOFR + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; 250 | 273647 |
| American Express Credit Corp., 3.30%, 05/03/27 | &nbsp;&nbsp; 105 | 104428 |
| Ameriprise Financial, Inc. |  |  |
| 4.50%, 05/13/32 | &nbsp;&nbsp; 150 | 151490 |
| 5.15%, 05/15/33 | &nbsp;&nbsp; 185 | 191814 |
| 5.20%, 04/15/35 | &nbsp;&nbsp; 115 | 117161 |
| 5.70%, 12/15/28 | &nbsp;&nbsp; 165 | 172627 |
| Andrew W Mellon Foundation (The), Series 2020, <br> 0.95%, 08/01/27<br>| &nbsp;&nbsp; 12 | 11554 |
| Apollo Global Management, Inc. |  |  |
| 4.60%, 01/15/31 | &nbsp;&nbsp; 95 | 95623 |
| 5.15%, 08/12/35 | &nbsp;&nbsp; 200 | 198075 |
| 6.00%, 12/15/54, (5-year CMT + 2.17%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 100 | 96118 |
| 6.38%, 11/15/33 | &nbsp;&nbsp; 120 | 130600 |
| Ares Management Corp., 6.38%, 11/10/28 | &nbsp;&nbsp; 100 | 105038 |
| BGC Group, Inc. |  |  |
| 6.15%, 04/02/30 | &nbsp;&nbsp; 120 | 124872 |
| 6.60%, 06/10/29 | &nbsp;&nbsp; 195 | 204769 |
| 8.00%, 05/25/28 | &nbsp;&nbsp; 115 | 122963 |
| Blue Owl Finance LLC |  |  |
| 3.13%, 06/10/31 | &nbsp;&nbsp; 185 | 164495 |
| 4.38%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp; 90 | 84299 |
| 6.25%, 04/18/34 | &nbsp;&nbsp; 250 | 249860 |
| Brookfield Asset Management Ltd. |  |  |
| 4.65%, 11/15/30 | &nbsp;&nbsp; 75 | 75950 |
| 5.30%, 01/15/36 | &nbsp;&nbsp; 75 | 74637 |
| 5.80%, 04/24/35 | &nbsp;&nbsp; 170 | 176499 |
| Brookfield Capital Finance LLC, 6.09%, 06/14/33 | &nbsp;&nbsp; 135 | 143236 |
| Brookfield Finance I U.K. PLC/Brookfield Finance, <br> Inc., 2.34%, 01/30/32<br>| &nbsp;&nbsp; 176 | 155254 |
| Brookfield Finance, Inc. |  |  |
| 2.72%, 04/15/31 | &nbsp;&nbsp; 135 | 124296 |
| 3.90%, 01/25/28 | &nbsp;&nbsp; 237 | 236564 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 4.35%, 04/15/30 | &nbsp;&nbsp; $209 | $209158 |
| 4.85%, 03/29/29 | &nbsp;&nbsp; 250 | 254382 |
| 5.33%, 01/15/36 | &nbsp;&nbsp; 60 | 59848 |
| 5.68%, 01/15/35 | &nbsp;&nbsp; 115 | 118664 |
| 6.35%, 01/05/34 | &nbsp;&nbsp; 160 | 173354 |
| Capital One Financial Corp. |  |  |
| 2.36%, 07/29/32, (1-day SOFR + 1.34%)<sup>(b)</sup> | &nbsp;&nbsp; 237 | 208860 |
| 2.62%, 11/02/32, (1-day SOFR + 1.27%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 135900 |
| 3.27%, 03/01/30, (1-day SOFR + 1.79%)<sup>(b)</sup> | &nbsp;&nbsp; 295 | 287722 |
| 3.65%, 05/11/27 | &nbsp;&nbsp; 256 | 255140 |
| 3.75%, 03/09/27 | &nbsp;&nbsp; 323 | 322436 |
| 3.80%, 01/31/28 | &nbsp;&nbsp; 345 | 343902 |
| 4.49%, 09/11/31, (1-day SOFR + 1.25%)<sup>(b)</sup> | &nbsp;&nbsp; 155 | 155063 |
| 4.72%, 01/30/32, (1-day SOFR + 1.15%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 226739 |
| 4.93%, 05/10/28, (1-day SOFR + 2.06%)<sup>(b)</sup> | &nbsp;&nbsp; 380 | 383760 |
| 5.20%, 09/11/36, (1-day SOFR + 1.63%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49879 |
| 5.25%, 07/26/30, (1-day SOFR + 2.60%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 216791 |
| 5.27%, 05/10/33, (1-day SOFR + 2.37%)<sup>(b)</sup> | &nbsp;&nbsp; 225 | 230707 |
| 5.40%, 01/30/37, (1-day SOFR + 1.51%)<sup>(b)</sup> | &nbsp;&nbsp; 375 | 378300 |
| 5.46%, 07/26/30, (1-day SOFR + 1.56%)<sup>(b)</sup> | &nbsp;&nbsp; 245 | 254134 |
| 5.47%, 02/01/29, (1-day SOFR + 2.08%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 261437 |
| 5.70%, 02/01/30, (1-day SOFR + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 235 | 244700 |
| 5.82%, 02/01/34, (1-day SOFR + 2.60%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 320 | 337691 |
| 5.88%, 07/26/35, (1-day SOFR + 1.99%)<sup>(b)</sup> | &nbsp;&nbsp; 240 | 252811 |
| 6.05%, 02/01/35, (1-day SOFR + 2.26%)<sup>(b)</sup> | &nbsp;&nbsp; 243 | 258194 |
| 6.18%, 01/30/36, (1-day SOFR + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 450 | 468016 |
| 6.31%, 06/08/29, (1-day SOFR + 2.64%)<sup>(b)</sup> | &nbsp;&nbsp; 335 | 350283 |
| 6.38%, 06/08/34, (1-day SOFR + 2.86%)<sup>(b)</sup> | &nbsp;&nbsp; 455 | 493383 |
| 6.70%, 11/29/32 | &nbsp;&nbsp; 195 | 216866 |
| 7.62%, 10/30/31, (1-day SOFR + 3.07%)<sup>(b)</sup> | &nbsp;&nbsp; 415 | 468833 |
| 7.96%, 11/02/34, (1-day SOFR + 3.37%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 323629 |
| Cboe Global Markets, Inc. |  |  |
| 1.63%, 12/15/30 | &nbsp;&nbsp; 190 | 169856 |
| 3.00%, 03/16/32 | &nbsp;&nbsp; 145 | 135568 |
| Charles Schwab Corp.(The) |  |  |
| 1.65%, 03/11/31 | &nbsp;&nbsp; 210 | 186074 |
| 1.95%, 12/01/31 | &nbsp;&nbsp; 245 | 217076 |
| 2.00%, 03/20/28 | &nbsp;&nbsp; 325 | 313850 |
| 2.30%, 05/13/31 | &nbsp;&nbsp; 215 | 196540 |
| 2.45%, 03/03/27 | &nbsp;&nbsp; 355 | 350480 |
| 2.75%, 10/01/29 | &nbsp;&nbsp; 135 | 129809 |
| 2.90%, 03/03/32 | &nbsp;&nbsp; 220 | 203266 |
| 3.20%, 03/02/27 | &nbsp;&nbsp; 189 | 187974 |
| 3.20%, 01/25/28 | &nbsp;&nbsp; 210 | 208192 |
| 3.25%, 05/22/29 | &nbsp;&nbsp; 165 | 162214 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 186 | 185025 |
| 4.00%, 02/01/29 | &nbsp;&nbsp; 171 | 172160 |
| 4.34%, 11/14/31, (1-day SOFR + 0.94%)<sup>(b)</sup> | &nbsp;&nbsp; 165 | 165853 |
| 4.63%, 03/22/30 | &nbsp;&nbsp; 195 | 200566 |
| 4.91%, 11/14/36, (1-day SOFR + 1.23%)<sup>(b)</sup> | &nbsp;&nbsp; 175 | 175012 |
| 5.64%, 05/19/29, (1-day SOFR + 2.21%)<sup>(a)(b)</sup> | &nbsp;&nbsp; 265 | 275001 |
| 5.85%, 05/19/34, (1-day SOFR + 2.50%)<sup>(b)</sup> | &nbsp;&nbsp; 330 | 354306 |
| 6.14%, 08/24/34, (1-day SOFR + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 335 | 365590 |
| 6.20%, 11/17/29, (1-day SOFR + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 275 | 291146 |
| CI Financial Corp., 3.20%, 12/17/30 | &nbsp;&nbsp; 270 | 247176 |
| CME Group, Inc. |  |  |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 238 | 220076 |
| 3.75%, 06/15/28 | &nbsp;&nbsp; 268 | 268144 |
| 4.40%, 03/15/30 | &nbsp;&nbsp; 150 | 152745 |
| Eaton Vance Corp., 3.50%, 04/06/27 | &nbsp;&nbsp; 190 | 189424 |
| Enact Holdings, Inc., 6.25%, 05/28/29 | &nbsp;&nbsp; 235 | 246601 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Franklin Resources, Inc., 1.60%, 10/30/30 | &nbsp;&nbsp; $210 | $188621 |
| Intercontinental Exchange, Inc. |  |  |
| 1.85%, 09/15/32 | &nbsp;&nbsp; 390 | 335878 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 371 | 343003 |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 105 | 103958 |
| 3.63%, 09/01/28 | &nbsp;&nbsp; 170 | 168953 |
| 3.75%, 09/21/28 | &nbsp;&nbsp; 170 | 169403 |
| 3.95%, 12/01/28 | &nbsp;&nbsp; 60 | 60137 |
| 4.00%, 09/15/27 | &nbsp;&nbsp; 385 | 386169 |
| 4.20%, 03/15/31 | &nbsp;&nbsp; 55 | 55361 |
| 4.35%, 06/15/29 | &nbsp;&nbsp; 280 | 283588 |
| 4.60%, 03/15/33 | &nbsp;&nbsp; 360 | 365104 |
| 5.25%, 06/15/31 | &nbsp;&nbsp; 220 | 231207 |
| Janus Henderson U.S. Holdings, Inc., 5.45%, <br> 09/10/34<br>| &nbsp;&nbsp; 110 | 111568 |
| Jefferies Financial Group, Inc. |  |  |
| 2.63%, 10/15/31 | &nbsp;&nbsp; 265 | 235498 |
| 2.75%, 10/15/32 | &nbsp;&nbsp; 115 | 100671 |
| 4.15%, 01/23/30 | &nbsp;&nbsp; 270 | 265992 |
| 5.50%, 02/15/36 | &nbsp;&nbsp; 375 | 367904 |
| 5.88%, 07/21/28 | &nbsp;&nbsp; 275 | 284292 |
| 6.20%, 04/14/34 | &nbsp;&nbsp; 360 | 376972 |
| 6.45%, 06/08/27 | &nbsp;&nbsp; 100 | 102617 |
| Lazard Group LLC |  |  |
| 4.38%, 03/11/29 | &nbsp;&nbsp; 119 | 119345 |
| 4.50%, 09/19/28 | &nbsp;&nbsp; 155 | 155875 |
| 5.63%, 08/01/35 | &nbsp;&nbsp; 110 | 113875 |
| 6.00%, 03/15/31 | &nbsp;&nbsp; 125 | 133196 |
| LPL Holdings, Inc. |  |  |
| 4.90%, 04/03/28 | &nbsp;&nbsp; 45 | 45513 |
| 5.15%, 06/15/30 | &nbsp;&nbsp; 155 | 158146 |
| 5.20%, 03/15/30 | &nbsp;&nbsp; 70 | 71591 |
| 5.65%, 03/15/35 | &nbsp;&nbsp; 120 | 121922 |
| 5.70%, 05/20/27 | &nbsp;&nbsp; 205 | 208190 |
| 5.75%, 06/15/35 | &nbsp;&nbsp; 125 | 127639 |
| 6.00%, 05/20/34 | &nbsp;&nbsp; 115 | 120202 |
| 6.75%, 11/17/28 | &nbsp;&nbsp; 260 | 275758 |
| Marex Group PLC |  |  |
| 5.83%, 05/08/28 | &nbsp;&nbsp; 10 | 10199 |
| 6.40%, 11/04/29 | &nbsp;&nbsp; 120 | 125580 |
| Mastercard, Inc. |  |  |
| 1.90%, 03/15/31 | &nbsp;&nbsp; 150 | 136127 |
| 2.00%, 11/18/31 | &nbsp;&nbsp; 190 | 170937 |
| 2.95%, 06/01/29 | &nbsp;&nbsp; 235 | 228888 |
| 3.30%, 03/26/27 | &nbsp;&nbsp; 265 | 264043 |
| 3.35%, 03/26/30 | &nbsp;&nbsp; 347 | 340924 |
| 3.50%, 02/26/28 | &nbsp;&nbsp; 160 | 159887 |
| 4.10%, 01/15/28 | &nbsp;&nbsp; 130 | 131084 |
| 4.35%, 01/15/32 | &nbsp;&nbsp; 220 | 223018 |
| 4.55%, 03/15/28 | &nbsp;&nbsp; 95 | 96579 |
| 4.55%, 01/15/35 | &nbsp;&nbsp; 165 | 166074 |
| 4.85%, 03/09/33 | &nbsp;&nbsp; 200 | 206751 |
| 4.88%, 03/09/28 | &nbsp;&nbsp; 220 | 224909 |
| 4.88%, 05/09/34 | &nbsp;&nbsp; 280 | 288634 |
| 4.95%, 03/15/32 | &nbsp;&nbsp; 115 | 120102 |
| Nasdaq, Inc. |  |  |
| 1.65%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp; 220 | 196376 |
| 5.35%, 06/28/28 | &nbsp;&nbsp; 230 | 236679 |
| 5.55%, 02/15/34 | &nbsp;&nbsp; 283 | 298173 |
| Nomura Holdings, Inc. |  |  |
| 2.17%, 07/14/28 | &nbsp;&nbsp; 210 | 200923 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| 2.61%, 07/14/31 | &nbsp;&nbsp; $215 | $196124 |
| 2.68%, 07/16/30 | &nbsp;&nbsp; 220 | 205664 |
| 2.71%, 01/22/29 | &nbsp;&nbsp; 105 | 100997 |
| 3.00%, 01/22/32 | &nbsp;&nbsp; 200 | 184458 |
| 3.10%, 01/16/30 | &nbsp;&nbsp; 270 | 258913 |
| 4.90%, 07/01/30 | &nbsp;&nbsp; 200 | 204560 |
| 5.39%, 07/06/27 | &nbsp;&nbsp; 200 | 203448 |
| 5.49%, 06/29/35 | &nbsp;&nbsp; 200 | 208453 |
| 5.59%, 07/02/27 | &nbsp;&nbsp; 200 | 204020 |
| 5.61%, 07/06/29 | &nbsp;&nbsp; 200 | 208895 |
| 5.78%, 07/03/34 | &nbsp;&nbsp; 200 | 212513 |
| 6.07%, 07/12/28 | &nbsp;&nbsp; 275 | 287164 |
| 6.09%, 07/12/33 | &nbsp;&nbsp; 200 | 217133 |
| 6.18%, 01/18/33 | &nbsp;&nbsp; 30 | 32638 |
| ORIX Corp. |  |  |
| 2.25%, 03/09/31 | &nbsp;&nbsp; 60 | 54684 |
| 3.70%, 07/18/27 | &nbsp;&nbsp; 75 | 74817 |
| 4.00%, 04/13/32 | &nbsp;&nbsp; 112 | 110302 |
| 4.45%, 09/09/30 | &nbsp;&nbsp; 75 | 75852 |
| 4.65%, 09/10/29 | &nbsp;&nbsp; 75 | 76775 |
| 5.00%, 09/13/27 | &nbsp;&nbsp; 197 | 200173 |
| 5.20%, 09/13/32 | &nbsp;&nbsp; 122 | 127609 |
| 5.40%, 02/25/35 | &nbsp;&nbsp; 105 | 109668 |
| Private Export Funding Corp., Series PP, 1.40%, <br> 07/15/28<br>| &nbsp;&nbsp; 133 | 126446 |
| Radian Group, Inc. |  |  |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 130 | 130377 |
| 6.20%, 05/15/29 | &nbsp;&nbsp; 195 | 204425 |
| Raymond James Financial, Inc. |  |  |
| 4.65%, 04/01/30 | &nbsp;&nbsp; 199 | 203554 |
| 4.90%, 09/11/35 | &nbsp;&nbsp; 95 | 94760 |
| Stifel Financial Corp., 4.00%, 05/15/30 | &nbsp;&nbsp; 150 | 147710 |
| Synchrony Financial |  |  |
| 2.88%, 10/28/31 | &nbsp;&nbsp; 325 | 291650 |
| 3.95%, 12/01/27 | &nbsp;&nbsp; 230 | 229010 |
| 4.95%, 02/25/32, (1-day SOFR + 1.53%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49670 |
| 5.02%, 07/29/29, (1-day SOFR + 1.40%)<sup>(b)</sup> | &nbsp;&nbsp; 180 | 182163 |
| 5.15%, 03/19/29 | &nbsp;&nbsp; 125 | 127030 |
| 5.45%, 03/06/31, (1-day SOFR + 1.68%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 153301 |
| 5.94%, 08/02/30, (1-day SOFR + 2.13%)<sup>(b)</sup> | &nbsp;&nbsp; 195 | 202362 |
| TPG Operating Group II LP |  |  |
| 5.38%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp; 80 | 79126 |
| 5.88%, 03/05/34 | &nbsp;&nbsp; 180 | 186251 |
| UBS Americas, Inc., 7.13%, 07/15/32 | &nbsp;&nbsp; 260 | 299630 |
| Visa, Inc. |  |  |
| 0.75%, 08/15/27 | &nbsp;&nbsp; 135 | 129707 |
| 1.10%, 02/15/31 | &nbsp;&nbsp; 295 | 259443 |
| 1.90%, 04/15/27 | &nbsp;&nbsp; 336 | 329530 |
| 2.05%, 04/15/30 | &nbsp;&nbsp; 354 | 330873 |
| 2.75%, 09/15/27 | &nbsp;&nbsp; 196 | 193488 |
| 3.80%, 02/12/29 | &nbsp;&nbsp; 100 | 100501 |
| 4.10%, 02/12/31 | &nbsp;&nbsp; 100 | 101163 |
| 4.40%, 02/12/33 | &nbsp;&nbsp; 100 | 101107 |
| 4.70%, 02/12/36 | &nbsp;&nbsp; 100 | 101011 |
| Voya Financial, Inc. |  |  |
| 4.70%, 01/23/48, (3-mo. SOFR US + 2.34%)<sup>(b)</sup> | &nbsp;&nbsp; 75 | 72151 |
| 5.00%, 09/20/34 | &nbsp;&nbsp; 110 | 109087 |
| 5.05%, 03/02/36 | &nbsp;&nbsp; 50 | 49546 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Western Union Co.(The) |  |  |
| 2.75%, 03/15/31<sup>(a)</sup> | &nbsp;&nbsp; $85 | $77588 |
| 4.75%, 06/15/29 | &nbsp;&nbsp; 75 | 75152 |
|  |  | 52704506 |
| **Electric — 2.2%** | **Electric — 2.2%** | **Electric — 2.2%** |
| AEP Texas, Inc. |  |  |
| 3.95%, 06/01/28 | &nbsp;&nbsp; 130 | 129882 |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 105 | 106229 |
| 5.40%, 06/01/33 | &nbsp;&nbsp; 100 | 104018 |
| 5.45%, 05/15/29 | &nbsp;&nbsp; 145 | 151003 |
| 5.70%, 05/15/34 | &nbsp;&nbsp; 180 | 190466 |
| Series I, 2.10%, 07/01/30 | &nbsp;&nbsp; 187 | 172508 |
| AEP Transmission Co. LLC |  |  |
| 5.15%, 04/01/34 | &nbsp;&nbsp; 130 | 134310 |
| 5.38%, 06/15/35 | &nbsp;&nbsp; 35 | 36542 |
| AES Corp.(The) |  |  |
| 2.45%, 01/15/31 | &nbsp;&nbsp; 245 | 227073 |
| 5.45%, 06/01/28 | &nbsp;&nbsp; 235 | 240339 |
| 5.80%, 03/15/32 | &nbsp;&nbsp; 175 | 182414 |
| Alabama Power Co. |  |  |
| 3.05%, 03/15/32 | &nbsp;&nbsp; 60 | 56318 |
| 3.75%, 09/01/27 | &nbsp;&nbsp; 105 | 105127 |
| 3.94%, 09/01/32 | &nbsp;&nbsp; 140 | 137720 |
| 5.10%, 04/02/35 | &nbsp;&nbsp; 80 | 82853 |
| 5.85%, 11/15/33 | &nbsp;&nbsp; 75 | 81198 |
| Series 20-A, 1.45%, 09/15/30 | &nbsp;&nbsp; 150 | 134348 |
| Series C, 4.30%, 03/15/31 | &nbsp;&nbsp; 105 | 106018 |
| Alliant Energy Corp., 5.75%, 04/01/56, (5-year CMT <br> + 2.08%)<sup>(b)</sup><br>| &nbsp;&nbsp; 35 | 34806 |
| Ameren Corp. |  |  |
| 1.75%, 03/15/28 | &nbsp;&nbsp; 130 | 124359 |
| 1.95%, 03/15/27 | &nbsp;&nbsp; 120 | 117594 |
| 3.50%, 01/15/31 | &nbsp;&nbsp; 169 | 163769 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 150 | 154226 |
| 5.00%, 05/15/36 | &nbsp;&nbsp; 100 | 100197 |
| 5.38%, 03/15/35 | &nbsp;&nbsp; 75 | 77454 |
| Ameren Illinois Co. |  |  |
| 1.55%, 11/15/30 | &nbsp;&nbsp; 90 | 80474 |
| 3.80%, 05/15/28 | &nbsp;&nbsp; 103 | 103048 |
| 3.85%, 09/01/32 | &nbsp;&nbsp; 185 | 180322 |
| 4.95%, 06/01/33 | &nbsp;&nbsp; 100 | 103110 |
| American Electric Power Co., Inc. |  |  |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 143 | 133405 |
| 3.20%, 11/13/27 | &nbsp;&nbsp; 130 | 128487 |
| 5.20%, 01/15/29 | &nbsp;&nbsp; 300 | 310171 |
| 5.63%, 03/01/33 | &nbsp;&nbsp; 191 | 202480 |
| 5.75%, 11/01/27 | &nbsp;&nbsp; 135 | 138839 |
| 5.95%, 11/01/32 | &nbsp;&nbsp; 107 | 115739 |
| 6.95%, 12/15/54, (5-year CMT + 2.68%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 135117 |
| Series C, 5.80%, 03/15/56, (5-year CMT + <br> 2.13%)<sup>(b)</sup><br>| &nbsp;&nbsp; 50 | 50269 |
| Series D, 6.05%, 03/15/56, (5-year CMT + <br> 1.94%)<sup>(b)</sup><br>| &nbsp;&nbsp; 35 | 35127 |
| Series J, 4.30%, 12/01/28 | &nbsp;&nbsp; 124 | 125113 |
| Appalachian Power Co. |  |  |
| 4.50%, 08/01/32 | &nbsp;&nbsp; 135 | 135180 |
| 5.65%, 04/01/34 | &nbsp;&nbsp; 80 | 84384 |
| Series AA, 2.70%, 04/01/31 | &nbsp;&nbsp; 150 | 138991 |
| Series X, 3.30%, 06/01/27 | &nbsp;&nbsp; 75 | 74308 |
| Arizona Public Service Co. |  |  |
| 2.20%, 12/15/31 | &nbsp;&nbsp; 130 | 115691 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 2.60%, 08/15/29 | &nbsp;&nbsp; $119 | $113367 |
| 2.95%, 09/15/27 | &nbsp;&nbsp; 75 | 73942 |
| 5.55%, 08/01/33 | &nbsp;&nbsp; 60 | 63027 |
| 5.70%, 08/15/34 | &nbsp;&nbsp; 195 | 206676 |
| 6.35%, 12/15/32 | &nbsp;&nbsp; 105 | 115431 |
| Atlantic City Electric Co. |  |  |
| 2.30%, 03/15/31 | &nbsp;&nbsp; 85 | 78109 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 105 | 105343 |
| Avangrid, Inc., 3.80%, 06/01/29 | &nbsp;&nbsp; 207 | 205400 |
| Baltimore Gas and Electric Co. |  |  |
| 2.25%, 06/15/31 | &nbsp;&nbsp; 147 | 134280 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 130 | 135678 |
| 5.45%, 06/01/35 | &nbsp;&nbsp; 215 | 225807 |
| Berkshire Hathaway Energy Co. |  |  |
| 1.65%, 05/15/31 | &nbsp;&nbsp; 135 | 119411 |
| 3.25%, 04/15/28 | &nbsp;&nbsp; 155 | 153371 |
| 3.70%, 07/15/30 | &nbsp;&nbsp; 270 | 267330 |
| Black Hills Corp. |  |  |
| 2.50%, 06/15/30 | &nbsp;&nbsp; 105 | 97758 |
| 3.05%, 10/15/29 | &nbsp;&nbsp; 117 | 112746 |
| 4.35%, 05/01/33 | &nbsp;&nbsp; 65 | 63707 |
| 4.55%, 01/31/31 | &nbsp;&nbsp; 125 | 126227 |
| 5.95%, 03/15/28 | &nbsp;&nbsp; 110 | 114057 |
| 6.00%, 01/15/35 | &nbsp;&nbsp; 95 | 102352 |
| 6.15%, 05/15/34 | &nbsp;&nbsp; 120 | 130317 |
| CenterPoint Energy Houston Electric LLC |  |  |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 125 | 128858 |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 165 | 169405 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 45 | 46040 |
| 5.15%, 03/01/34 | &nbsp;&nbsp; 120 | 124608 |
| 5.20%, 10/01/28 | &nbsp;&nbsp; 120 | 123966 |
| Series AE, 2.35%, 04/01/31 | &nbsp;&nbsp; 35 | 32061 |
| Series AG, 3.00%, 03/01/32 | &nbsp;&nbsp; 100 | 93117 |
| Series ai., 4.45%, 10/01/32 | &nbsp;&nbsp; 259 | 261018 |
| Series AQ, 4.95%, 08/15/35 | &nbsp;&nbsp; 40 | 40637 |
| Series AR, 4.85%, 04/01/36 | &nbsp;&nbsp; 55 | 55197 |
| Series K2, 6.95%, 03/15/33 | &nbsp;&nbsp; 65 | 74232 |
| CenterPoint Energy, Inc. |  |  |
| 2.95%, 03/01/30 | &nbsp;&nbsp; 98 | 93910 |
| 5.40%, 06/01/29 | &nbsp;&nbsp; 300 | 312017 |
| 5.95%, 04/01/56, (5-year CMT + 2.22%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25163 |
| 6.70%, 05/15/55, (5-year CMT + 2.59%)<sup>(b)</sup> | &nbsp;&nbsp; 75 | 77388 |
| Series A, 7.00%, 02/15/55, (5-year CMT + <br> 3.25%)<sup>(b)</sup><br>| &nbsp;&nbsp; 50 | 52579 |
| Series B, 6.85%, 02/15/55, (5-year CMT + <br> 2.95%)<sup>(b)</sup><br>| &nbsp;&nbsp; 100 | 106516 |
| CMS Energy Corp. |  |  |
| 3.45%, 08/15/27 | &nbsp;&nbsp; 80 | 79433 |
| 3.75%, 12/01/50, (5-year CMT + 2.90%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 46641 |
| 4.75%, 06/01/50, (5-year CMT + 4.12%)<sup>(b)</sup> | &nbsp;&nbsp; 100 | 98947 |
| 6.50%, 06/01/55, (5-year CMT + 1.96%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 208429 |
| Commonwealth Edison Co. |  |  |
| 2.20%, 03/01/30 | &nbsp;&nbsp; 110 | 102851 |
| 3.15%, 03/15/32 | &nbsp;&nbsp; 70 | 66125 |
| 3.70%, 08/15/28 | &nbsp;&nbsp; 110 | 109856 |
| 4.90%, 02/01/33 | &nbsp;&nbsp; 140 | 144065 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 50 | 52599 |
| Series 122, 2.95%, 08/15/27 | &nbsp;&nbsp; 115 | 113784 |
| Connecticut Light and Power Co.(The) |  |  |
| 4.65%, 01/01/29 | &nbsp;&nbsp; 75 | 76600 |
| 4.90%, 07/01/33 | &nbsp;&nbsp; 75 | 76637 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.95%, 01/15/30 | &nbsp;&nbsp; $100 | $103312 |
| 4.95%, 08/15/34 | &nbsp;&nbsp; 75 | 76454 |
| Series A, 2.05%, 07/01/31 | &nbsp;&nbsp; 110 | 98850 |
| Series A, 3.20%, 03/15/27 | &nbsp;&nbsp; 70 | 69662 |
| Consolidated Edison Co. of New York, Inc. |  |  |
| 2.40%, 06/15/31 | &nbsp;&nbsp; 235 | 216609 |
| 3.80%, 05/15/28 | &nbsp;&nbsp; 85 | 85025 |
| 5.20%, 03/01/33 | &nbsp;&nbsp; 140 | 146759 |
| 5.38%, 05/15/34 | &nbsp;&nbsp; 100 | 105131 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 190 | 201443 |
| Series 05-A, 5.30%, 03/01/35 | &nbsp;&nbsp; 40 | 41695 |
| Series 20A, 3.35%, 04/01/30 | &nbsp;&nbsp; 180 | 175663 |
| Series B, 3.13%, 11/15/27 | &nbsp;&nbsp; 95 | 94105 |
| Series D, 4.00%, 12/01/28 | &nbsp;&nbsp; 126 | 126825 |
| Constellation Energy Generation LLC |  |  |
| 3.90%, 01/08/28 | &nbsp;&nbsp; 225 | 225063 |
| 4.40%, 01/15/31 | &nbsp;&nbsp; 75 | 75486 |
| 4.63%, 02/01/29<sup>(c)</sup> | &nbsp;&nbsp; 10 | 9998 |
| 5.00%, 02/01/31<sup>(c)</sup> | &nbsp;&nbsp; 5 | 5076 |
| 5.60%, 03/01/28 | &nbsp;&nbsp; 125 | 128898 |
| 5.80%, 03/01/33 | &nbsp;&nbsp; 135 | 144816 |
| 6.13%, 01/15/34 | &nbsp;&nbsp; 105 | 114827 |
| Consumers Energy Co. |  |  |
| 3.60%, 08/15/32 | &nbsp;&nbsp; 95 | 91497 |
| 3.80%, 11/15/28 | &nbsp;&nbsp; 143 | 142855 |
| 4.50%, 01/15/31 | &nbsp;&nbsp; 125 | 127555 |
| 4.60%, 05/30/29 | &nbsp;&nbsp; 150 | 153391 |
| 4.63%, 05/15/33 | &nbsp;&nbsp; 190 | 192542 |
| 4.65%, 03/01/28 | &nbsp;&nbsp; 155 | 157541 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 170 | 174500 |
| 4.90%, 02/15/29 | &nbsp;&nbsp; 95 | 97808 |
| 5.05%, 05/15/35 | &nbsp;&nbsp; 65 | 66929 |
| Dayton Power & Light Co. (The), 4.55%, 08/15/30 | &nbsp;&nbsp; 80 | 80658 |
| Dominion Energy South Carolina, Inc. |  |  |
| 5.30%, 05/15/33 | &nbsp;&nbsp; 50 | 52691 |
| 6.63%, 02/01/32 | &nbsp;&nbsp; 65 | 73071 |
| Series 2025, 5.30%, 01/15/35 | &nbsp;&nbsp; 60 | 62671 |
| Series A, 2.30%, 12/01/31 | &nbsp;&nbsp; 105 | 95159 |
| Dominion Energy, Inc. |  |  |
| 4.25%, 06/01/28 | &nbsp;&nbsp; 179 | 180055 |
| 4.35%, 08/15/32 | &nbsp;&nbsp; 115 | 114066 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 185 | 187609 |
| 5.00%, 06/15/30 | &nbsp;&nbsp; 145 | 149414 |
| 5.38%, 11/15/32 | &nbsp;&nbsp; 220 | 230627 |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 160 | 165292 |
| 6.00%, 02/15/56, (5-year CMT + 2.26%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50768 |
| 6.20%, 02/15/56, (5-year CMT + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 203294 |
| 6.63%, 05/15/55, (5-year CMT + 2.21%)<sup>(b)</sup> | &nbsp;&nbsp; 335 | 347992 |
| Series A, 6.88%, 02/01/55, (5-year CMT + <br> 2.39%)<sup>(b)</sup><br>| &nbsp;&nbsp; 150 | 157363 |
| Series B, 3.60%, 03/15/27 | &nbsp;&nbsp; 60 | 59841 |
| Series B, 5.95%, 06/15/35 | &nbsp;&nbsp; 130 | 139437 |
| Series B, 7.00%, 06/01/54, (5-year CMT + <br> 2.51%)<sup>(b)</sup><br>| &nbsp;&nbsp; 300 | 325700 |
| Series C, 2.25%, 08/15/31 | &nbsp;&nbsp; 240 | 216736 |
| Series C, 3.38%, 04/01/30 | &nbsp;&nbsp; 420 | 408701 |
| Series E, 6.30%, 03/15/33 | &nbsp;&nbsp; 30 | 32975 |
| Series F, 5.25%, 08/01/33 | &nbsp;&nbsp; 135 | 139813 |
| DTE Electric Co. |  |  |
| 2.25%, 03/01/30 | &nbsp;&nbsp; 150 | 140731 |
| 4.25%, 05/14/27 | &nbsp;&nbsp; 15 | 15100 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.20%, 04/01/33 | &nbsp;&nbsp; $140 | $146454 |
| 5.20%, 03/01/34 | &nbsp;&nbsp; 105 | 109781 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 155 | 160901 |
| Series A, 1.90%, 04/01/28 | &nbsp;&nbsp; 150 | 144562 |
| Series A, 3.00%, 03/01/32 | &nbsp;&nbsp; 133 | 124689 |
| Series A, 4.85%, 03/01/36 | &nbsp;&nbsp; 105 | 105689 |
| Series C, 2.63%, 03/01/31 | &nbsp;&nbsp; 155 | 145135 |
| DTE Energy Co. |  |  |
| 2.95%, 03/01/30 | &nbsp;&nbsp; 79 | 75330 |
| 4.88%, 06/01/28 | &nbsp;&nbsp; 270 | 275213 |
| 4.95%, 07/01/27 | &nbsp;&nbsp; 310 | 313654 |
| 5.05%, 10/01/35 | &nbsp;&nbsp; 80 | 80696 |
| 5.10%, 03/01/29 | &nbsp;&nbsp; 240 | 246932 |
| 5.20%, 04/01/30 | &nbsp;&nbsp; 255 | 264595 |
| 5.85%, 06/01/34 | &nbsp;&nbsp; 175 | 188180 |
| Series C, 3.40%, 06/15/29 | &nbsp;&nbsp; 124 | 121526 |
| Duke Energy Carolinas LLC |  |  |
| 2.45%, 08/15/29 | &nbsp;&nbsp; 137 | 130607 |
| 2.45%, 02/01/30 | &nbsp;&nbsp; 130 | 122849 |
| 2.55%, 04/15/31 | &nbsp;&nbsp; 150 | 139712 |
| 2.85%, 03/15/32 | &nbsp;&nbsp; 110 | 101861 |
| 3.95%, 11/15/28 | &nbsp;&nbsp; 170 | 170613 |
| 4.85%, 03/15/30 | &nbsp;&nbsp; 120 | 124088 |
| 4.85%, 01/15/34 | &nbsp;&nbsp; 130 | 132709 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 280 | 290225 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 140 | 145941 |
| 6.45%, 10/15/32 | &nbsp;&nbsp; 85 | 94897 |
| Series A, 6.00%, 12/01/28 | &nbsp;&nbsp; 40 | 42167 |
| Duke Energy Corp. |  |  |
| 2.45%, 06/01/30 | &nbsp;&nbsp; 205 | 192056 |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 245 | 225473 |
| 3.15%, 08/15/27 | &nbsp;&nbsp; 190 | 188024 |
| 3.40%, 06/15/29 | &nbsp;&nbsp; 150 | 147447 |
| 4.30%, 03/15/28 | &nbsp;&nbsp; 215 | 216667 |
| 4.50%, 08/15/32 | &nbsp;&nbsp; 265 | 267125 |
| 4.85%, 01/05/29 | &nbsp;&nbsp; 125 | 128098 |
| 4.95%, 09/15/35 | &nbsp;&nbsp; 175 | 175406 |
| 5.00%, 12/08/27 | &nbsp;&nbsp; 120 | 122311 |
| 5.45%, 06/15/34 | &nbsp;&nbsp; 180 | 188883 |
| 5.75%, 09/15/33 | &nbsp;&nbsp; 155 | 165623 |
| 6.45%, 09/01/54, (5-year CMT + 2.59%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 210728 |
| Duke Energy Florida LLC |  |  |
| 1.75%, 06/15/30 | &nbsp;&nbsp; 120 | 109297 |
| 2.40%, 12/15/31 | &nbsp;&nbsp; 145 | 132472 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 190 | 180920 |
| 3.80%, 07/15/28 | &nbsp;&nbsp; 143 | 143152 |
| 4.20%, 12/01/30 | &nbsp;&nbsp; 10 | 10065 |
| 4.85%, 12/01/35 | &nbsp;&nbsp; 30 | 30225 |
| 5.88%, 11/15/33 | &nbsp;&nbsp; 130 | 141175 |
| Duke Energy Indiana LLC |  |  |
| 5.25%, 03/01/34 | &nbsp;&nbsp; 110 | 115653 |
| 6.12%, 10/15/35 | &nbsp;&nbsp; 25 | 27372 |
| Duke Energy Ohio, Inc. |  |  |
| 2.13%, 06/01/30 | &nbsp;&nbsp; 120 | 111105 |
| 3.65%, 02/01/29 | &nbsp;&nbsp; 115 | 114531 |
| 5.25%, 04/01/33 | &nbsp;&nbsp; 83 | 86755 |
| 5.30%, 06/15/35 | &nbsp;&nbsp; 75 | 78120 |
| Duke Energy Progress LLC |  |  |
| 2.00%, 08/15/31 | &nbsp;&nbsp; 175 | 157363 |
| 3.40%, 04/01/32 | &nbsp;&nbsp; 90 | 86147 |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 126 | 124575 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 3.70%, 09/01/28 | &nbsp;&nbsp; $125 | $124848 |
| 4.35%, 03/06/27 | &nbsp;&nbsp; 50 | 50322 |
| 5.05%, 03/15/35 | &nbsp;&nbsp; 215 | 220629 |
| 5.10%, 03/15/34 | &nbsp;&nbsp; 130 | 135275 |
| 5.25%, 03/15/33 | &nbsp;&nbsp; 120 | 125742 |
| Edison International |  |  |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 147 | 146247 |
| 4.80%, 03/15/31 | &nbsp;&nbsp; 100 | 99948 |
| 5.25%, 11/15/28 | &nbsp;&nbsp; 140 | 142641 |
| 5.25%, 03/15/32 | &nbsp;&nbsp; 130 | 132381 |
| 5.45%, 06/15/29 | &nbsp;&nbsp; 120 | 123211 |
| 5.75%, 06/15/27 | &nbsp;&nbsp; 142 | 144149 |
| 6.25%, 03/15/30 | &nbsp;&nbsp; 120 | 126782 |
| 6.95%, 11/15/29 | &nbsp;&nbsp; 125 | 134477 |
| El Paso Electric Co., 6.00%, 05/15/35 | &nbsp;&nbsp; 15 | 15866 |
| Emera U.S. Finance LP, 2.64%, 06/15/31 | &nbsp;&nbsp; 110 | 100800 |
| Enel Chile SA, 4.88%, 06/12/28 | &nbsp;&nbsp; 235 | 238637 |
| Entergy Arkansas LLC |  |  |
| 4.00%, 06/01/28 | &nbsp;&nbsp; 114 | 114469 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 100 | 100940 |
| 5.15%, 01/15/33 | &nbsp;&nbsp; 133 | 138478 |
| 5.30%, 09/15/33 | &nbsp;&nbsp; 95 | 99619 |
| 5.45%, 06/01/34 | &nbsp;&nbsp; 140 | 148111 |
| Entergy Corp. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 85 | 81216 |
| 2.40%, 06/15/31 | &nbsp;&nbsp; 115 | 104375 |
| 2.80%, 06/15/30 | &nbsp;&nbsp; 120 | 113428 |
| 5.88%, 06/15/56, (5-year CMT + 2.18%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50296 |
| 6.10%, 06/15/56, (5-year CMT + 2.01%)<sup>(b)</sup> | &nbsp;&nbsp; 25 | 25215 |
| 7.13%, 12/01/54, (5-year CMT + 2.67%)<sup>(b)</sup> | &nbsp;&nbsp; 230 | 240738 |
| Entergy Louisiana LLC |  |  |
| 1.60%, 12/15/30 | &nbsp;&nbsp; 95 | 84762 |
| 2.35%, 06/15/32 | &nbsp;&nbsp; 100 | 89476 |
| 3.05%, 06/01/31 | &nbsp;&nbsp; 122 | 115579 |
| 3.12%, 09/01/27 | &nbsp;&nbsp; 125 | 123994 |
| 3.25%, 04/01/28 | &nbsp;&nbsp; 100 | 99051 |
| 4.00%, 03/15/33 | &nbsp;&nbsp; 160 | 155638 |
| 4.90%, 04/15/36 | &nbsp;&nbsp; 110 | 110197 |
| 5.15%, 09/15/34 | &nbsp;&nbsp; 220 | 227313 |
| 5.35%, 03/15/34 | &nbsp;&nbsp; 110 | 115712 |
| Entergy Mississippi LLC |  |  |
| 2.85%, 06/01/28 | &nbsp;&nbsp; 110 | 107731 |
| 5.00%, 09/01/33 | &nbsp;&nbsp; 55 | 56594 |
| Entergy Texas, Inc. |  |  |
| 1.75%, 03/15/31 | &nbsp;&nbsp; 165 | 147121 |
| 4.00%, 03/30/29 | &nbsp;&nbsp; 128 | 128330 |
| 5.25%, 04/15/35 | &nbsp;&nbsp; 120 | 124301 |
| Evergy Kansas Central, Inc. |  |  |
| 3.10%, 04/01/27 | &nbsp;&nbsp; 100 | 99235 |
| 4.70%, 03/13/28 | &nbsp;&nbsp; 105 | 106513 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 129 | 132400 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 65 | 70318 |
| Evergy Metro, Inc. |  |  |
| 4.95%, 04/15/33 | &nbsp;&nbsp; 10 | 10277 |
| 5.13%, 08/15/35 | &nbsp;&nbsp; 90 | 91443 |
| 5.40%, 04/01/34 | &nbsp;&nbsp; 85 | 89784 |
| Series 2020, 2.25%, 06/01/30 | &nbsp;&nbsp; 90 | 83879 |
| Evergy, Inc. |  |  |
| 2.90%, 09/15/29 | &nbsp;&nbsp; 265 | 254671 |
| 6.65%, 06/01/55, (5-year CMT + 2.56%)<sup>(b)</sup> | &nbsp;&nbsp; 100 | 103100 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Eversource Energy |  |  |
| 2.55%, 03/15/31 | &nbsp;&nbsp; $85 | $77989 |
| 2.90%, 03/01/27 | &nbsp;&nbsp; 180 | 178126 |
| 3.38%, 03/01/32 | &nbsp;&nbsp; 135 | 126553 |
| 4.45%, 12/15/30 | &nbsp;&nbsp; 85 | 85554 |
| 4.60%, 07/01/27 | &nbsp;&nbsp; 140 | 140998 |
| 5.13%, 05/15/33 | &nbsp;&nbsp; 200 | 204357 |
| 5.45%, 03/01/28 | &nbsp;&nbsp; 285 | 292501 |
| 5.50%, 01/01/34 | &nbsp;&nbsp; 140 | 145280 |
| 5.85%, 04/15/31 | &nbsp;&nbsp; 205 | 218015 |
| 5.95%, 02/01/29 | &nbsp;&nbsp; 190 | 199328 |
| 5.95%, 07/15/34 | &nbsp;&nbsp; 145 | 154919 |
| Series M, 3.30%, 01/15/28 | &nbsp;&nbsp; 120 | 118448 |
| Series O, 4.25%, 04/01/29 | &nbsp;&nbsp; 125 | 125462 |
| Series R, 1.65%, 08/15/30 | &nbsp;&nbsp; 149 | 133115 |
| Exelon Corp. |  |  |
| 2.75%, 03/15/27 | &nbsp;&nbsp; 120 | 118589 |
| 3.35%, 03/15/32 | &nbsp;&nbsp; 115 | 108715 |
| 4.05%, 04/15/30 | &nbsp;&nbsp; 304 | 303133 |
| 4.95%, 06/15/35 | &nbsp;&nbsp; 64 | 64101 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 225 | 223713 |
| 5.13%, 03/15/31 | &nbsp;&nbsp; 115 | 119831 |
| 5.15%, 03/15/28 | &nbsp;&nbsp; 240 | 245547 |
| 5.15%, 03/15/29 | &nbsp;&nbsp; 105 | 108470 |
| 5.30%, 03/15/33 | &nbsp;&nbsp; 220 | 230179 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 150 | 157515 |
| 5.63%, 06/15/35 | &nbsp;&nbsp; 40 | 42201 |
| 6.50%, 03/15/55, (5-year CMT + 1.98%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 209685 |
| FirstEnergy Corp. |  |  |
| 2.65%, 03/01/30 | &nbsp;&nbsp; 130 | 122806 |
| Series B, 2.25%, 09/01/30 | &nbsp;&nbsp; 135 | 123973 |
| Series B, 3.90%, 07/15/27 | &nbsp;&nbsp; 385 | 385818 |
| FirstEnergy Transmission LLC |  |  |
| 4.55%, 01/15/30 | &nbsp;&nbsp; 65 | 65941 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 80 | 80583 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 110 | 111449 |
| Florida Power & Light Co. |  |  |
| 2.45%, 02/03/32 | &nbsp;&nbsp; 305 | 278439 |
| 4.40%, 05/15/28 | &nbsp;&nbsp; 200 | 202577 |
| 4.63%, 05/15/30 | &nbsp;&nbsp; 140 | 143533 |
| 4.70%, 02/15/36 | &nbsp;&nbsp; 100 | 100284 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 205 | 210321 |
| 4.95%, 06/01/35 | &nbsp;&nbsp; 30 | 30707 |
| 5.00%, 08/01/34 | &nbsp;&nbsp; 95 | 98001 |
| 5.05%, 04/01/28 | &nbsp;&nbsp; 255 | 261406 |
| 5.10%, 04/01/33 | &nbsp;&nbsp; 160 | 166477 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 185 | 192512 |
| 5.30%, 06/15/34 | &nbsp;&nbsp; 265 | 279350 |
| 5.63%, 04/01/34 | &nbsp;&nbsp; 115 | 124016 |
| Series A, 3.30%, 05/30/27 | &nbsp;&nbsp; 100 | 99529 |
| Georgia Power Co. |  |  |
| 3.25%, 03/30/27 | &nbsp;&nbsp; 102 | 101465 |
| 4.00%, 10/01/28 | &nbsp;&nbsp; 160 | 160855 |
| 4.55%, 03/15/30 | &nbsp;&nbsp; 160 | 163165 |
| 4.65%, 05/16/28 | &nbsp;&nbsp; 190 | 193119 |
| 4.70%, 05/15/32 | &nbsp;&nbsp; 180 | 184345 |
| 4.85%, 03/15/31 | &nbsp;&nbsp; 190 | 196245 |
| 4.95%, 05/17/33 | &nbsp;&nbsp; 240 | 247519 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 130 | 134984 |
| 5.25%, 03/15/34 | &nbsp;&nbsp; 220 | 229677 |
| Series B, 2.65%, 09/15/29 | &nbsp;&nbsp; 149 | 142809 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Idaho Power Co. |  |  |
| 4.85%, 03/01/36 | &nbsp;&nbsp; $75 | $75070 |
| 5.20%, 08/15/34 | &nbsp;&nbsp; 70 | 72959 |
| Indiana Michigan Power Co., 3.85%, 05/15/28 | &nbsp;&nbsp; 30 | 30001 |
| Interstate Power and Light Co. |  |  |
| 2.30%, 06/01/30 | &nbsp;&nbsp; 80 | 74648 |
| 3.60%, 04/01/29 | &nbsp;&nbsp; 110 | 108985 |
| 4.10%, 09/26/28 | &nbsp;&nbsp; 145 | 145519 |
| 4.95%, 09/30/34 | &nbsp;&nbsp; 60 | 60626 |
| 5.60%, 06/29/35 | &nbsp;&nbsp; 135 | 142104 |
| 5.70%, 10/15/33 | &nbsp;&nbsp; 90 | 95726 |
| IPALCO Enterprises, Inc. |  |  |
| 4.25%, 05/01/30 | &nbsp;&nbsp; 122 | 120715 |
| 5.75%, 04/01/34 | &nbsp;&nbsp; 90 | 92818 |
| ITC Holdings Corp., 3.35%, 11/15/27 | &nbsp;&nbsp; 105 | 103925 |
| Jersey Central Power & Light Co. |  |  |
| 4.15%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp; 105 | 105243 |
| 4.40%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp; 120 | 120687 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 180 | 184897 |
| 5.15%, 01/15/36<sup>(c)</sup> | &nbsp;&nbsp; 75 | 76881 |
| Kentucky Utilities Co., 5.45%, 04/15/33 | &nbsp;&nbsp; 75 | 79352 |
| Louisville Gas and Electric Co., 5.45%, 04/15/33 | &nbsp;&nbsp; 100 | 105627 |
| MidAmerican Energy Co. |  |  |
| 3.10%, 05/01/27 | &nbsp;&nbsp; 123 | 122297 |
| 3.65%, 04/15/29 | &nbsp;&nbsp; 212 | 210975 |
| 5.35%, 01/15/34 | &nbsp;&nbsp; 130 | 136766 |
| 5.75%, 11/01/35 | &nbsp;&nbsp; 10 | 10808 |
| 6.75%, 12/30/31 | &nbsp;&nbsp; 40 | 45365 |
| Mississippi Power Co., 3.95%, 03/30/28 | &nbsp;&nbsp; 87 | 87158 |
| National Grid PLC |  |  |
| 5.42%, 01/11/34 | &nbsp;&nbsp; 175 | 182743 |
| 5.60%, 06/12/28 | &nbsp;&nbsp; 45 | 46542 |
| 5.81%, 06/12/33 | &nbsp;&nbsp; 160 | 170991 |
| National Grid USA, 5.80%, 04/01/35 | &nbsp;&nbsp; 75 | 79659 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| 1.35%, 03/15/31 | &nbsp;&nbsp; 155 | 135422 |
| 1.65%, 06/15/31 | &nbsp;&nbsp; 55 | 48382 |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 95 | 89307 |
| 2.75%, 04/15/32 | &nbsp;&nbsp; 80 | 73484 |
| 3.05%, 04/25/27 | &nbsp;&nbsp; 103 | 102181 |
| 3.40%, 02/07/28 | &nbsp;&nbsp; 125 | 124134 |
| 3.70%, 03/15/29 | &nbsp;&nbsp; 90 | 89499 |
| 3.90%, 11/01/28 | &nbsp;&nbsp; 95 | 95061 |
| 3.95%, 12/10/27 | &nbsp;&nbsp; 60 | 60192 |
| 4.02%, 11/01/32 | &nbsp;&nbsp; 165 | 162869 |
| 4.12%, 09/16/27 | &nbsp;&nbsp; 95 | 95417 |
| 4.15%, 12/15/32 | &nbsp;&nbsp; 105 | 103733 |
| 4.30%, 12/10/30 | &nbsp;&nbsp; 50 | 50419 |
| 4.75%, 02/07/28 | &nbsp;&nbsp; 110 | 111874 |
| 4.80%, 03/15/28 | &nbsp;&nbsp; 150 | 152834 |
| 4.85%, 02/07/29 | &nbsp;&nbsp; 110 | 112911 |
| 4.95%, 02/07/30 | &nbsp;&nbsp; 215 | 222563 |
| 5.00%, 02/07/31 | &nbsp;&nbsp; 165 | 171392 |
| 5.00%, 08/15/34 | &nbsp;&nbsp; 90 | 92888 |
| 5.05%, 09/15/28 | &nbsp;&nbsp; 115 | 118062 |
| 5.10%, 05/06/27 | &nbsp;&nbsp; 100 | 101368 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 120 | 124431 |
| 5.80%, 01/15/33 | &nbsp;&nbsp; 155 | 167733 |
| Series C, 8.00%, 03/01/32 | &nbsp;&nbsp; 70 | 84029 |
| Series D, 4.05%, 02/09/29 | &nbsp;&nbsp; 125 | 125599 |
| Series D, 4.15%, 08/25/28 | &nbsp;&nbsp; 135 | 135931 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Nevada Power Co. |  |  |
| 6.25%, 05/15/55, (5-year CMT + 1.94%)<sup>(b)</sup> | &nbsp;&nbsp; $65 | $65845 |
| Series CC, 3.70%, 05/01/29 | &nbsp;&nbsp; 142 | 140970 |
| Series DD, 2.40%, 05/01/30 | &nbsp;&nbsp; 102 | 95364 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 1.90%, 06/15/28 | &nbsp;&nbsp; 340 | 325455 |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 466 | 432140 |
| 2.44%, 01/15/32 | &nbsp;&nbsp; 270 | 243470 |
| 2.75%, 11/01/29 | &nbsp;&nbsp; 254 | 243475 |
| 3.50%, 04/01/29 | &nbsp;&nbsp; 143 | 141011 |
| 3.55%, 05/01/27 | &nbsp;&nbsp; 371 | 369611 |
| 3.80%, 03/15/82, (5-year CMT + 2.55%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 49308 |
| 4.40%, 03/01/31 | &nbsp;&nbsp; 150 | 151609 |
| 4.63%, 07/15/27 | &nbsp;&nbsp; 355 | 358323 |
| 4.69%, 09/01/27 | &nbsp;&nbsp; 195 | 197226 |
| 4.80%, 12/01/77, (3-mo. SOFR US + 2.67%)<sup>(b)</sup> | &nbsp;&nbsp; 105 | 104110 |
| 4.85%, 02/04/28 | &nbsp;&nbsp; 150 | 152742 |
| 4.90%, 02/28/28 | &nbsp;&nbsp; 290 | 295192 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 210 | 215702 |
| 5.00%, 02/28/30<sup>(a)</sup> | &nbsp;&nbsp; 130 | 134504 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 255 | 263250 |
| 5.05%, 03/15/30 | &nbsp;&nbsp; 245 | 253936 |
| 5.05%, 02/28/33 | &nbsp;&nbsp; 235 | 242552 |
| 5.25%, 03/15/34 | &nbsp;&nbsp; 280 | 289913 |
| 5.30%, 03/15/32 | &nbsp;&nbsp; 155 | 162505 |
| 5.45%, 03/15/35 | &nbsp;&nbsp; 255 | 265234 |
| 5.65%, 05/01/79<sup>(b)</sup> | &nbsp;&nbsp; 90 | 91105 |
| 6.38%, 08/15/55, (5-year CMT + 2.05%)<sup>(b)</sup> | &nbsp;&nbsp; 300 | 311897 |
| 6.50%, 08/15/55, (5-year CMT + 1.98%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 212123 |
| 6.70%, 09/01/54, (5-year CMT + 2.36%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 207421 |
| 6.75%, 06/15/54, (5-year CMT + 2.46%)<sup>(b)</sup> | &nbsp;&nbsp; 255 | 271297 |
| Northern States Power Co., 2.25%, 04/01/31 | &nbsp;&nbsp; 122 | 111850 |
| Northern States Power Co./MN, 5.05%, 05/15/35 | &nbsp;&nbsp; 160 | 164334 |
| NSTAR Electric Co. |  |  |
| 1.95%, 08/15/31 | &nbsp;&nbsp; 65 | 57939 |
| 3.20%, 05/15/27 | &nbsp;&nbsp; 185 | 183838 |
| 3.25%, 05/15/29 | &nbsp;&nbsp; 120 | 117581 |
| 3.95%, 04/01/30 | &nbsp;&nbsp; 80 | 79643 |
| 4.85%, 03/01/30 | &nbsp;&nbsp; 95 | 97787 |
| 5.20%, 03/01/35 | &nbsp;&nbsp; 170 | 175047 |
| 5.40%, 06/01/34 | &nbsp;&nbsp; 115 | 120329 |
| OGE Energy Corp., 5.45%, 05/15/29 | &nbsp;&nbsp; 100 | 104176 |
| Ohio Power Co. |  |  |
| 5.00%, 06/01/33 | &nbsp;&nbsp; 55 | 56164 |
| 5.65%, 06/01/34 | &nbsp;&nbsp; 100 | 105553 |
| Series P, 2.60%, 04/01/30 | &nbsp;&nbsp; 102 | 96313 |
| Series Q, 1.63%, 01/15/31 | &nbsp;&nbsp; 70 | 62027 |
| Oklahoma Gas and Electric Co. |  |  |
| 3.25%, 04/01/30 | &nbsp;&nbsp; 95 | 92276 |
| 3.30%, 03/15/30 | &nbsp;&nbsp; 65 | 63059 |
| 3.80%, 08/15/28 | &nbsp;&nbsp; 95 | 94937 |
| 5.40%, 01/15/33 | &nbsp;&nbsp; 130 | 137057 |
| Oncor Electric Delivery Co. LLC |  |  |
| 2.75%, 05/15/30 | &nbsp;&nbsp; 185 | 176534 |
| 3.70%, 11/15/28 | &nbsp;&nbsp; 130 | 129414 |
| 4.15%, 06/01/32 | &nbsp;&nbsp; 130 | 128825 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 55 | 55495 |
| 4.50%, 03/20/27<sup>(c)</sup> | &nbsp;&nbsp; 120 | 120958 |
| 4.55%, 09/15/32 | &nbsp;&nbsp; 200 | 202016 |
| 4.65%, 11/01/29 | &nbsp;&nbsp; 150 | 153402 |
| 5.35%, 04/01/35<sup>(c)</sup> | &nbsp;&nbsp; 100 | 104053 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.65%, 11/15/33 | &nbsp;&nbsp; $245 | $262437 |
| 5.75%, 03/15/29 | &nbsp;&nbsp; 118 | 123823 |
| 7.00%, 05/01/32 | &nbsp;&nbsp; 95 | 108214 |
| 7.25%, 01/15/33 | &nbsp;&nbsp; 30 | 34758 |
| Pacific Gas and Electric Co. |  |  |
| 2.10%, 08/01/27 | &nbsp;&nbsp; 247 | 240655 |
| 2.50%, 02/01/31 | &nbsp;&nbsp; 463 | 423336 |
| 3.00%, 06/15/28 | &nbsp;&nbsp; 175 | 170939 |
| 3.25%, 06/01/31 | &nbsp;&nbsp; 242 | 228001 |
| 3.30%, 03/15/27 | &nbsp;&nbsp; 96 | 95270 |
| 3.30%, 12/01/27 | &nbsp;&nbsp; 250 | 246904 |
| 3.75%, 07/01/28 | &nbsp;&nbsp; 230 | 228453 |
| 4.20%, 03/01/29 | &nbsp;&nbsp; 85 | 85054 |
| 4.40%, 03/01/32 | &nbsp;&nbsp; 105 | 103933 |
| 4.55%, 07/01/30 | &nbsp;&nbsp; 699 | 702193 |
| 4.65%, 08/01/28 | &nbsp;&nbsp; 100 | 101193 |
| 5.00%, 06/04/28 | &nbsp;&nbsp; 160 | 162940 |
| 5.05%, 10/15/32 | &nbsp;&nbsp; 130 | 132501 |
| 5.20%, 05/01/36 | &nbsp;&nbsp; 135 | 135397 |
| 5.45%, 06/15/27 | &nbsp;&nbsp; 115 | 116843 |
| 5.55%, 05/15/29 | &nbsp;&nbsp; 195 | 202760 |
| 5.70%, 03/01/35 | &nbsp;&nbsp; 200 | 208493 |
| 5.80%, 05/15/34 | &nbsp;&nbsp; 240 | 252700 |
| 5.90%, 06/15/32 | &nbsp;&nbsp; 143 | 151440 |
| 6.00%, 08/15/35 | &nbsp;&nbsp; 190 | 202118 |
| 6.10%, 01/15/29 | &nbsp;&nbsp; 315 | 330997 |
| 6.15%, 01/15/33 | &nbsp;&nbsp; 155 | 166549 |
| 6.40%, 06/15/33 | &nbsp;&nbsp; 260 | 283189 |
| 6.95%, 03/15/34 | &nbsp;&nbsp; 155 | 174374 |
| PacifiCorp |  |  |
| 2.70%, 09/15/30 | &nbsp;&nbsp; 120 | 111850 |
| 3.50%, 06/15/29 | &nbsp;&nbsp; 118 | 115639 |
| 4.25%, 03/15/29 | &nbsp;&nbsp; 75 | 75539 |
| 5.10%, 02/15/29 | &nbsp;&nbsp; 130 | 133697 |
| 5.25%, 06/15/35 | &nbsp;&nbsp; 30 | 30107 |
| 5.30%, 02/15/31 | &nbsp;&nbsp; 185 | 191906 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 290 | 297786 |
| 7.70%, 11/15/31 | &nbsp;&nbsp; 90 | 104108 |
| PECO Energy Co. |  |  |
| 4.88%, 09/15/35 | &nbsp;&nbsp; 135 | 136938 |
| 4.90%, 06/15/33 | &nbsp;&nbsp; 136 | 139980 |
| Pinnacle West Capital Corp. |  |  |
| 4.90%, 05/15/28 | &nbsp;&nbsp; 145 | 147702 |
| 5.15%, 05/15/30 | &nbsp;&nbsp; 110 | 113931 |
| Potomac Electric Power Co., 5.20%, 03/15/34 | &nbsp;&nbsp; 85 | 88669 |
| PPL Capital Funding, Inc. |  |  |
| 4.13%, 04/15/30 | &nbsp;&nbsp; 45 | 45028 |
| 5.25%, 09/01/34 | &nbsp;&nbsp; 200 | 206501 |
| PPL Electric Utilities Corp. |  |  |
| 4.85%, 02/15/34 | &nbsp;&nbsp; 115 | 117626 |
| 5.00%, 05/15/33 | &nbsp;&nbsp; 165 | 170276 |
| Progress Energy, Inc. |  |  |
| 7.00%, 10/30/31 | &nbsp;&nbsp; 105 | 118678 |
| 7.75%, 03/01/31 | &nbsp;&nbsp; 150 | 172870 |
| Public Service Co. of Colorado |  |  |
| 1.88%, 06/15/31 | &nbsp;&nbsp; 190 | 169135 |
| 3.70%, 06/15/28 | &nbsp;&nbsp; 122 | 121680 |
| 4.10%, 06/01/32 | &nbsp;&nbsp; 90 | 89402 |
| 5.15%, 09/15/35 | &nbsp;&nbsp; 110 | 112338 |
| 5.35%, 05/15/34 | &nbsp;&nbsp; 210 | 218662 |
| Series 35, 1.90%, 01/15/31 | &nbsp;&nbsp; 115 | 103575 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Public Service Co. of New Hampshire |  |  |
| 4.40%, 07/01/28 | &nbsp;&nbsp; $75 | $75945 |
| 5.35%, 10/01/33 | &nbsp;&nbsp; 150 | 158378 |
| Series V, 2.20%, 06/15/31 | &nbsp;&nbsp; 65 | 59066 |
| Public Service Co. of Oklahoma |  |  |
| 5.20%, 01/15/35 | &nbsp;&nbsp; 155 | 158046 |
| 5.25%, 01/15/33 | &nbsp;&nbsp; 125 | 129428 |
| 5.45%, 01/15/36 | &nbsp;&nbsp; 305 | 316042 |
| Series J, 2.20%, 08/15/31 | &nbsp;&nbsp; 100 | 89616 |
| Public Service Electric and Gas Co. |  |  |
| 1.90%, 08/15/31 | &nbsp;&nbsp; 120 | 107298 |
| 2.45%, 01/15/30 | &nbsp;&nbsp; 85 | 80446 |
| 3.00%, 05/15/27 | &nbsp;&nbsp; 140 | 138815 |
| 3.10%, 03/15/32 | &nbsp;&nbsp; 140 | 131626 |
| 3.20%, 05/15/29 | &nbsp;&nbsp; 90 | 88263 |
| 3.65%, 09/01/28 | &nbsp;&nbsp; 95 | 94705 |
| 3.70%, 05/01/28 | &nbsp;&nbsp; 122 | 121702 |
| 4.65%, 03/15/33 | &nbsp;&nbsp; 155 | 156796 |
| 4.85%, 08/01/34 | &nbsp;&nbsp; 165 | 167766 |
| 4.90%, 12/15/32 | &nbsp;&nbsp; 110 | 113643 |
| 4.90%, 08/15/35 | &nbsp;&nbsp; 90 | 91671 |
| 5.05%, 03/01/35 | &nbsp;&nbsp; 115 | 118726 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 25 | 26128 |
| 5.20%, 03/01/34 | &nbsp;&nbsp; 110 | 114603 |
| Series R, 4.20%, 01/01/31 | &nbsp;&nbsp; 75 | 75506 |
| Public Service Enterprise Group, Inc. |  |  |
| 1.60%, 08/15/30 | &nbsp;&nbsp; 185 | 165798 |
| 2.45%, 11/15/31 | &nbsp;&nbsp; 130 | 117805 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 95 | 97744 |
| 5.20%, 04/01/29 | &nbsp;&nbsp; 200 | 206675 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 80 | 83048 |
| 5.45%, 04/01/34 | &nbsp;&nbsp; 120 | 125425 |
| 5.85%, 11/15/27 | &nbsp;&nbsp; 100 | 103097 |
| 5.88%, 10/15/28 | &nbsp;&nbsp; 125 | 130587 |
| 6.13%, 10/15/33 | &nbsp;&nbsp; 100 | 108472 |
| Puget Energy, Inc. |  |  |
| 2.38%, 06/15/28 | &nbsp;&nbsp; 142 | 136745 |
| 4.10%, 06/15/30 | &nbsp;&nbsp; 150 | 148097 |
| 4.22%, 03/15/32 | &nbsp;&nbsp; 135 | 131342 |
| 5.73%, 03/15/35 | &nbsp;&nbsp; 140 | 144780 |
| Puget Sound Energy, Inc., 5.33%, 06/15/34 | &nbsp;&nbsp; 77 | 80197 |
| San Diego Gas & Electric Co. |  |  |
| 4.95%, 08/15/28 | &nbsp;&nbsp; 145 | 148803 |
| 5.40%, 04/15/35 | &nbsp;&nbsp; 195 | 203290 |
| Series VVV, 1.70%, 10/01/30 | &nbsp;&nbsp; 225 | 202675 |
| Series XXX, 3.00%, 03/15/32 | &nbsp;&nbsp; 185 | 172209 |
| Sempra |  |  |
| 3.25%, 06/15/27 | &nbsp;&nbsp; 273 | 270568 |
| 3.40%, 02/01/28 | &nbsp;&nbsp; 419 | 414562 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 190 | 187913 |
| 4.13%, 04/01/52, (5-year CMT + 2.87%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 197501 |
| 5.50%, 08/01/33 | &nbsp;&nbsp; 165 | 173776 |
| 6.40%, 10/01/54, (5-year CMT + 2.63%)<sup>(b)</sup> | &nbsp;&nbsp; 350 | 356882 |
| 6.55%, 04/01/55, (5-year CMT + 2.14%)<sup>(b)</sup> | &nbsp;&nbsp; 100 | 102046 |
| 6.88%, 10/01/54, (5-year CMT + 2.79%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 206116 |
| Sierra Pacific Power Co., 6.20%, 12/15/55, (5-year <br> CMT + 2.55%)<sup>(b)</sup><br>| &nbsp;&nbsp; 50 | 49732 |
| Southern California Edison Co. |  |  |
| 2.25%, 06/01/30 | &nbsp;&nbsp; 120 | 110349 |
| 2.75%, 02/01/32 | &nbsp;&nbsp; 65 | 58963 |
| 2.85%, 08/01/29 | &nbsp;&nbsp; 129 | 123539 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 4.80%, 03/15/33 | &nbsp;&nbsp; $175 | $175738 |
| 5.15%, 06/01/29 | &nbsp;&nbsp; 225 | 231431 |
| 5.20%, 06/01/34 | &nbsp;&nbsp; 250 | 253960 |
| 5.25%, 03/15/30 | &nbsp;&nbsp; 165 | 170671 |
| 5.30%, 03/01/28 | &nbsp;&nbsp; 170 | 173942 |
| 5.45%, 06/01/31 | &nbsp;&nbsp; 175 | 183040 |
| 5.45%, 03/01/35 | &nbsp;&nbsp; 210 | 215889 |
| 5.65%, 10/01/28 | &nbsp;&nbsp; 100 | 103732 |
| 5.85%, 11/01/27 | &nbsp;&nbsp; 195 | 200401 |
| 5.95%, 11/01/32 | &nbsp;&nbsp; 200 | 214391 |
| 6.00%, 01/15/34 | &nbsp;&nbsp; 115 | 122590 |
| 6.65%, 04/01/29 | &nbsp;&nbsp; 93 | 98464 |
| Series 05-E, 5.35%, 07/15/35 | &nbsp;&nbsp; 100 | 101803 |
| Series A, 4.20%, 03/01/29 | &nbsp;&nbsp; 134 | 134090 |
| Series B, 3.65%, 03/01/28 | &nbsp;&nbsp; 113 | 112200 |
| Series D, 4.70%, 06/01/27 | &nbsp;&nbsp; 155 | 156159 |
| Series G, 2.50%, 06/01/31 | &nbsp;&nbsp; 145 | 132382 |
| Southern Co.(The) |  |  |
| 4.85%, 06/15/28 | &nbsp;&nbsp; 180 | 183624 |
| 4.85%, 03/15/35 | &nbsp;&nbsp; 95 | 94816 |
| 5.11%, 08/01/27 | &nbsp;&nbsp; 190 | 193080 |
| 5.20%, 06/15/33 | &nbsp;&nbsp; 195 | 202039 |
| 5.50%, 03/15/29 | &nbsp;&nbsp; 240 | 249985 |
| 5.70%, 10/15/32 | &nbsp;&nbsp; 90 | 96351 |
| 5.70%, 03/15/34 | &nbsp;&nbsp; 250 | 265665 |
| Series 2025, 6.38%, 03/15/55, (5-year CMT + <br> 2.07%)<sup>(b)</sup><br>| &nbsp;&nbsp; 425 | 444973 |
| Series 21-B, 1.75%, 03/15/28 | &nbsp;&nbsp; 90 | 86255 |
| Series A, 3.70%, 04/30/30 | &nbsp;&nbsp; 234 | 230397 |
| Southern Power Co. |  |  |
| Series A, 4.25%, 10/01/30 | &nbsp;&nbsp; 120 | 120540 |
| Series B, 4.90%, 10/01/35 | &nbsp;&nbsp; 135 | 134796 |
| Southwestern Electric Power Co. |  |  |
| 5.30%, 04/01/33 | &nbsp;&nbsp; 75 | 77673 |
| Series M, 4.10%, 09/15/28 | &nbsp;&nbsp; 130 | 130202 |
| Southwestern Public Service Co., 5.30%, 05/15/35 | &nbsp;&nbsp; 105 | 108374 |
| System Energy Resources, Inc. |  |  |
| 5.30%, 12/15/34 | &nbsp;&nbsp; 80 | 81649 |
| 6.00%, 04/15/28 | &nbsp;&nbsp; 80 | 82965 |
| Tampa Electric Co. |  |  |
| 2.40%, 03/15/31 | &nbsp;&nbsp; 110 | 101130 |
| 4.90%, 03/01/29 | &nbsp;&nbsp; 135 | 138582 |
| 5.15%, 03/01/35 | &nbsp;&nbsp; 105 | 107650 |
| Tucson Electric Power Co. |  |  |
| 1.50%, 08/01/30 | &nbsp;&nbsp; 95 | 84855 |
| 3.25%, 05/15/32 | &nbsp;&nbsp; 105 | 98436 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 100 | 103145 |
| Union Electric Co. |  |  |
| 2.15%, 03/15/32 | &nbsp;&nbsp; 130 | 115727 |
| 2.95%, 06/15/27 | &nbsp;&nbsp; 95 | 94118 |
| 2.95%, 03/15/30 | &nbsp;&nbsp; 141 | 135516 |
| 3.50%, 03/15/29 | &nbsp;&nbsp; 143 | 141455 |
| 4.80%, 03/15/36 | &nbsp;&nbsp; 100 | 100278 |
| 5.20%, 04/01/34 | &nbsp;&nbsp; 145 | 151302 |
| 5.25%, 04/15/35 | &nbsp;&nbsp; 160 | 166174 |
| Virginia Electric and Power Co. |  |  |
| 2.30%, 11/15/31 | &nbsp;&nbsp; 130 | 117263 |
| 2.40%, 03/30/32 | &nbsp;&nbsp; 65 | 58512 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 225 | 224459 |
| 5.00%, 04/01/33 | &nbsp;&nbsp; 195 | 200340 |
| 5.00%, 01/15/34 | &nbsp;&nbsp; 165 | 168414 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| 5.05%, 08/15/34 | &nbsp;&nbsp; $140 | $142805 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 170 | 174036 |
| 5.30%, 08/15/33 | &nbsp;&nbsp; 75 | 78459 |
| Series A, 2.88%, 07/15/29 | &nbsp;&nbsp; 160 | 154723 |
| Series A, 3.50%, 03/15/27 | &nbsp;&nbsp; 210 | 209251 |
| Series A, 3.80%, 04/01/28 | &nbsp;&nbsp; 160 | 159827 |
| Series B, 3.75%, 05/15/27 | &nbsp;&nbsp; 155 | 154861 |
| Series C, 4.90%, 09/15/35 | &nbsp;&nbsp; 160 | 160460 |
| WEC Energy Group, Inc. |  |  |
| 1.38%, 10/15/27 | &nbsp;&nbsp; 90 | 86459 |
| 1.80%, 10/15/30 | &nbsp;&nbsp; 71 | 63867 |
| 2.20%, 12/15/28 | &nbsp;&nbsp; 140 | 133736 |
| 4.75%, 01/15/28 | &nbsp;&nbsp; 200 | 203126 |
| 5.15%, 10/01/27 | &nbsp;&nbsp; 115 | 116993 |
| 5.63%, 05/15/56, (5-year CMT + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 50 | 50485 |
| Wisconsin Electric Power Co. |  |  |
| 1.70%, 06/15/28 | &nbsp;&nbsp; 110 | 105153 |
| 4.15%, 10/15/30 | &nbsp;&nbsp; 115 | 115616 |
| 4.60%, 10/01/34 | &nbsp;&nbsp; 120 | 120761 |
| 4.75%, 09/30/32 | &nbsp;&nbsp; 125 | 128648 |
| 5.00%, 05/15/29 | &nbsp;&nbsp; 120 | 123824 |
| 5.63%, 05/15/33 | &nbsp;&nbsp; 30 | 32356 |
| Wisconsin Power and Light Co. |  |  |
| 1.95%, 09/16/31 | &nbsp;&nbsp; 110 | 97885 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 95 | 92431 |
| 3.05%, 10/15/27 | &nbsp;&nbsp; 95 | 93798 |
| 3.95%, 09/01/32 | &nbsp;&nbsp; 135 | 131846 |
| 4.95%, 04/01/33 | &nbsp;&nbsp; 65 | 66797 |
| 5.38%, 03/30/34 | &nbsp;&nbsp; 65 | 67757 |
| Wisconsin Public Service Corp. |  |  |
| 4.25%, 01/15/31 | &nbsp;&nbsp; 75 | 75651 |
| 4.55%, 12/01/29 | &nbsp;&nbsp; 80 | 81683 |
| Xcel Energy, Inc. |  |  |
| 1.75%, 03/15/27 | &nbsp;&nbsp; 110 | 107588 |
| 2.35%, 11/15/31 | &nbsp;&nbsp; 80 | 72058 |
| 2.60%, 12/01/29 | &nbsp;&nbsp; 130 | 123309 |
| 3.40%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp; 145 | 140762 |
| 4.00%, 06/15/28 | &nbsp;&nbsp; 215 | 215351 |
| 4.60%, 06/01/32 | &nbsp;&nbsp; 155 | 156115 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 50 | 50769 |
| 5.45%, 08/15/33 | &nbsp;&nbsp; 180 | 187771 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 195 | 203399 |
| 5.60%, 04/15/35 | &nbsp;&nbsp; 185 | 193248 |
| 5.75%, 12/03/56, (5-year CMT + 2.17%)<sup>(b)</sup> | &nbsp;&nbsp; 100 | 99969 |
|  |  | 85350375 |
| **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
| ABB Finance USA, Inc., 3.80%, 04/03/28 | &nbsp;&nbsp; 40 | 40037 |
| Acuity Brands Lighting, Inc., 2.15%, 12/15/30 | &nbsp;&nbsp; 115 | 104400 |
| Emerson Electric Co. |  |  |
| 1.80%, 10/15/27 | &nbsp;&nbsp; 155 | 150498 |
| 1.95%, 10/15/30 | &nbsp;&nbsp; 160 | 146561 |
| 2.00%, 12/21/28 | &nbsp;&nbsp; 260 | 248320 |
| 2.20%, 12/21/31 | &nbsp;&nbsp; 255 | 230628 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 130 | 134502 |
|  |  | 1054946 |
| **Electronics — 0.3%** | **Electronics — 0.3%** | **Electronics — 0.3%** |
| Allegion PLC, 3.50%, 10/01/29 | &nbsp;&nbsp; 115 | 112592 |
| Allegion U.S. Holding Co., Inc. |  |  |
| 3.55%, 10/01/27 | &nbsp;&nbsp; 95 | 94344 |
| 5.41%, 07/01/32 | &nbsp;&nbsp; 95 | 99233 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 5.60%, 05/29/34 | &nbsp;&nbsp; $105 | $110761 |
| Amphenol Corp. |  |  |
| 2.20%, 09/15/31 | &nbsp;&nbsp; 235 | 213054 |
| 2.80%, 02/15/30 | &nbsp;&nbsp; 215 | 205819 |
| 3.80%, 11/15/27 | &nbsp;&nbsp; 235 | 235224 |
| 3.90%, 11/15/28 | &nbsp;&nbsp; 100 | 100245 |
| 4.13%, 11/15/30 | &nbsp;&nbsp; 195 | 195907 |
| 4.35%, 06/01/29 | &nbsp;&nbsp; 125 | 126972 |
| 4.38%, 06/12/28 | &nbsp;&nbsp; 180 | 182287 |
| 4.40%, 02/15/33 | &nbsp;&nbsp; 265 | 265603 |
| 4.63%, 02/15/36 | &nbsp;&nbsp; 300 | 298016 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 70 | 71790 |
| 5.05%, 04/05/27 | &nbsp;&nbsp; 145 | 146855 |
| 5.05%, 04/05/29 | &nbsp;&nbsp; 120 | 124021 |
| 5.25%, 04/05/34 | &nbsp;&nbsp; 130 | 136080 |
| Arrow Electronics, Inc. |  |  |
| 2.95%, 02/15/32 | &nbsp;&nbsp; 137 | 124034 |
| 3.88%, 01/12/28 | &nbsp;&nbsp; 125 | 124360 |
| 5.15%, 08/21/29 | &nbsp;&nbsp; 135 | 138398 |
| 5.88%, 04/10/34 | &nbsp;&nbsp; 130 | 136763 |
| Avnet, Inc. |  |  |
| 3.00%, 05/15/31 | &nbsp;&nbsp; 89 | 82027 |
| 5.50%, 06/01/32 | &nbsp;&nbsp; 80 | 83054 |
| 6.25%, 03/15/28 | &nbsp;&nbsp; 130 | 134852 |
| Flex Ltd. |  |  |
| 4.88%, 06/15/29 | &nbsp;&nbsp; 175 | 178214 |
| 4.88%, 05/12/30 | &nbsp;&nbsp; 140 | 142563 |
| 5.25%, 01/15/32 | &nbsp;&nbsp; 165 | 169305 |
| 5.38%, 11/13/35 | &nbsp;&nbsp; 80 | 80849 |
| 6.00%, 01/15/28 | &nbsp;&nbsp; 80 | 82642 |
| Honeywell International, Inc. |  |  |
| 1.10%, 03/01/27 | &nbsp;&nbsp; 285 | 277559 |
| 1.75%, 09/01/31 | &nbsp;&nbsp; 319 | 282290 |
| 1.95%, 06/01/30 | &nbsp;&nbsp; 250 | 230495 |
| 2.70%, 08/15/29 | &nbsp;&nbsp; 200 | 192592 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 175 | 177069 |
| 4.50%, 01/15/34 | &nbsp;&nbsp; 240 | 241017 |
| 4.65%, 07/30/27 | &nbsp;&nbsp; 230 | 232770 |
| 4.70%, 02/01/30 | &nbsp;&nbsp; 200 | 205428 |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 170 | 174981 |
| 4.88%, 09/01/29 | &nbsp;&nbsp; 150 | 154834 |
| 4.95%, 02/15/28 | &nbsp;&nbsp; 150 | 153307 |
| 4.95%, 09/01/31 | &nbsp;&nbsp; 130 | 135769 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 265 | 276261 |
| 5.00%, 03/01/35 | &nbsp;&nbsp; 120 | 123556 |
| Hubbell, Inc. |  |  |
| 2.30%, 03/15/31 | &nbsp;&nbsp; 75 | 69240 |
| 3.15%, 08/15/27 | &nbsp;&nbsp; 80 | 79112 |
| 3.50%, 02/15/28 | &nbsp;&nbsp; 125 | 124214 |
| 4.80%, 11/15/35 | &nbsp;&nbsp; 70 | 70348 |
| Jabil, Inc. |  |  |
| 3.00%, 01/15/31 | &nbsp;&nbsp; 150 | 140653 |
| 3.60%, 01/15/30 | &nbsp;&nbsp; 91 | 88552 |
| 3.95%, 01/12/28 | &nbsp;&nbsp; 120 | 119768 |
| 4.20%, 02/01/29 | &nbsp;&nbsp; 90 | 90129 |
| 4.25%, 05/15/27 | &nbsp;&nbsp; 150 | 150516 |
| 4.75%, 02/01/33 | &nbsp;&nbsp; 85 | 84710 |
| 5.45%, 02/01/29 | &nbsp;&nbsp; 85 | 88043 |
| Keysight Technologies, Inc. |  |  |
| 3.00%, 10/30/29 | &nbsp;&nbsp; 147 | 141971 |
| 4.60%, 04/06/27 | &nbsp;&nbsp; 204 | 205082 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| 4.95%, 10/15/34 | &nbsp;&nbsp; $150 | $152965 |
| 5.35%, 07/30/30 | &nbsp;&nbsp; 155 | 162387 |
| TD SYNNEX Corp. |  |  |
| 2.38%, 08/09/28 | &nbsp;&nbsp; 155 | 148455 |
| 2.65%, 08/09/31 | &nbsp;&nbsp; 155 | 140545 |
| 4.30%, 01/17/29 | &nbsp;&nbsp; 110 | 110029 |
| 5.30%, 10/10/35 | &nbsp;&nbsp; 125 | 124308 |
| 6.10%, 04/12/34 | &nbsp;&nbsp; 115 | 121764 |
| Trimble, Inc. |  |  |
| 4.90%, 06/15/28 | &nbsp;&nbsp; 125 | 126286 |
| 6.10%, 03/15/33 | &nbsp;&nbsp; 200 | 213438 |
| Tyco Electronics Group SA |  |  |
| 2.50%, 02/04/32 | &nbsp;&nbsp; 145 | 131962 |
| 3.13%, 08/15/27 | &nbsp;&nbsp; 185 | 183620 |
| 4.50%, 02/09/31 | &nbsp;&nbsp; 175 | 178085 |
| 4.63%, 02/01/30 | &nbsp;&nbsp; 115 | 117881 |
| 4.88%, 02/09/36 | &nbsp;&nbsp; 70 | 71058 |
| 5.00%, 05/09/35 | &nbsp;&nbsp; 70 | 71667 |
| Vontier Corp. |  |  |
| 2.40%, 04/01/28 | &nbsp;&nbsp; 130 | 125545 |
| 2.95%, 04/01/31 | &nbsp;&nbsp; 175 | 162519 |
|  |  | 10848644 |
| **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** | **Engineering & Construction — 0.0%** |
| Jacobs Engineering Group, Inc. |  |  |
| 5.90%, 03/01/33 | &nbsp;&nbsp; 120 | 126472 |
| 6.35%, 08/18/28 | &nbsp;&nbsp; 135 | 141833 |
| Jacobs Solutions, Inc. |  |  |
| 4.75%, 03/03/31 | &nbsp;&nbsp; 100 | 100132 |
| 5.38%, 03/03/36 | &nbsp;&nbsp; 100 | 99881 |
| MasTec, Inc., 5.90%, 06/15/29 | &nbsp;&nbsp; 105 | 110209 |
|  |  | 578527 |
| **Environmental Control — 0.2%** | **Environmental Control — 0.2%** | **Environmental Control — 0.2%** |
| Republic Services, Inc. |  |  |
| 1.45%, 02/15/31 | &nbsp;&nbsp; 190 | 167601 |
| 1.75%, 02/15/32 | &nbsp;&nbsp; 90 | 78597 |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 154 | 144445 |
| 2.38%, 03/15/33 | &nbsp;&nbsp; 225 | 199000 |
| 3.38%, 11/15/27 | &nbsp;&nbsp; 175 | 173966 |
| 3.95%, 05/15/28 | &nbsp;&nbsp; 196 | 196578 |
| 4.75%, 07/15/30 | &nbsp;&nbsp; 100 | 102764 |
| 4.88%, 04/01/29 | &nbsp;&nbsp; 150 | 154120 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 115 | 119161 |
| 5.00%, 12/15/33 | &nbsp;&nbsp; 120 | 124938 |
| 5.00%, 04/01/34 | &nbsp;&nbsp; 130 | 134680 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 95 | 99071 |
| 5.20%, 11/15/34 | &nbsp;&nbsp; 120 | 125508 |
| Veralto Corp. |  |  |
| 5.35%, 09/18/28 | &nbsp;&nbsp; 150 | 154851 |
| 5.45%, 09/18/33 | &nbsp;&nbsp; 170 | 179104 |
| Waste Connections, Inc. |  |  |
| 2.20%, 01/15/32 | &nbsp;&nbsp; 80 | 71734 |
| 2.60%, 02/01/30 | &nbsp;&nbsp; 169 | 160967 |
| 3.20%, 06/01/32 | &nbsp;&nbsp; 95 | 89676 |
| 3.50%, 05/01/29 | &nbsp;&nbsp; 127 | 126005 |
| 4.20%, 01/15/33 | &nbsp;&nbsp; 175 | 172892 |
| 4.25%, 12/01/28 | &nbsp;&nbsp; 135 | 136211 |
| 5.00%, 03/01/34 | &nbsp;&nbsp; 175 | 180679 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 95 | 99405 |
| Waste Management, Inc. |  |  |
| 1.15%, 03/15/28 | &nbsp;&nbsp; 75 | 71257 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| 1.50%, 03/15/31 | &nbsp;&nbsp; $185 | $163881 |
| 2.00%, 06/01/29 | &nbsp;&nbsp; 155 | 146294 |
| 3.15%, 11/15/27 | &nbsp;&nbsp; 200 | 198312 |
| 3.88%, 01/15/29 | &nbsp;&nbsp; 60 | 60086 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 224 | 224216 |
| 4.50%, 03/15/28 | &nbsp;&nbsp; 245 | 248691 |
| 4.63%, 02/15/30 | &nbsp;&nbsp; 185 | 189390 |
| 4.63%, 02/15/33 | &nbsp;&nbsp; 125 | 127867 |
| 4.65%, 03/15/30 | &nbsp;&nbsp; 170 | 174411 |
| 4.80%, 03/15/32 | &nbsp;&nbsp; 200 | 206956 |
| 4.88%, 02/15/29 | &nbsp;&nbsp; 200 | 205858 |
| 4.88%, 02/15/34 | &nbsp;&nbsp; 275 | 284674 |
| 4.95%, 07/03/27 | &nbsp;&nbsp; 185 | 187831 |
| 4.95%, 07/03/31 | &nbsp;&nbsp; 160 | 166902 |
| 4.95%, 03/15/35 | &nbsp;&nbsp; 330 | 339192 |
|  |  | 6187771 |
| **Food — 0.4%** | **Food — 0.4%** | **Food — 0.4%** |
| Ahold Finance USA LLC, 6.88%, 05/01/29 | &nbsp;&nbsp; 100 | 108495 |
| Campbell's Co. (The), 4.55%, 03/21/31 | &nbsp;&nbsp; 95 | 95034 |
| Campbell's Company/The |  |  |
| 2.38%, 04/24/30 | &nbsp;&nbsp; 149 | 137975 |
| 4.15%, 03/15/28 | &nbsp;&nbsp; 251 | 251697 |
| 4.75%, 03/23/35 | &nbsp;&nbsp; 165 | 160186 |
| 5.20%, 03/19/27 | &nbsp;&nbsp; 120 | 121522 |
| 5.20%, 03/21/29 | &nbsp;&nbsp; 160 | 164552 |
| 5.40%, 03/21/34 | &nbsp;&nbsp; 245 | 250473 |
| Conagra Brands, Inc. |  |  |
| 1.38%, 11/01/27 | &nbsp;&nbsp; 250 | 239283 |
| 4.85%, 11/01/28 | &nbsp;&nbsp; 303 | 307252 |
| 5.00%, 08/01/30 | &nbsp;&nbsp; 85 | 86694 |
| 5.75%, 08/01/35<sup>(a)</sup> | &nbsp;&nbsp; 120 | 123841 |
| 7.00%, 10/01/28 | &nbsp;&nbsp; 95 | 101602 |
| 8.25%, 09/15/30 | &nbsp;&nbsp; 110 | 126514 |
| Flowers Foods, Inc. |  |  |
| 2.40%, 03/15/31 | &nbsp;&nbsp; 140 | 122980 |
| 5.75%, 03/15/35<sup>(a)</sup> | &nbsp;&nbsp; 125 | 123717 |
| General Mills, Inc. |  |  |
| 2.25%, 10/14/31 | &nbsp;&nbsp; 140 | 125550 |
| 2.88%, 04/15/30 | &nbsp;&nbsp; 195 | 185380 |
| 4.20%, 04/17/28 | &nbsp;&nbsp; 335 | 336243 |
| 4.88%, 01/30/30 | &nbsp;&nbsp; 190 | 194917 |
| 4.95%, 03/29/33 | &nbsp;&nbsp; 245 | 250338 |
| 5.25%, 01/30/35<sup>(a)</sup> | &nbsp;&nbsp; 130 | 133422 |
| 5.50%, 10/17/28 | &nbsp;&nbsp; 145 | 150393 |
| Hershey Co.(The) |  |  |
| 1.70%, 06/01/30 | &nbsp;&nbsp; 110 | 100449 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 85 | 80858 |
| 4.25%, 05/04/28 | &nbsp;&nbsp; 145 | 146490 |
| 4.50%, 05/04/33 | &nbsp;&nbsp; 125 | 127224 |
| 4.55%, 02/24/28 | &nbsp;&nbsp; 60 | 61012 |
| 4.75%, 02/24/30<sup>(a)</sup> | &nbsp;&nbsp; 140 | 144444 |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 140 | 146334 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 105 | 110186 |
| Hormel Foods Corp. |  |  |
| 1.70%, 06/03/28 | &nbsp;&nbsp; 190 | 181488 |
| 1.80%, 06/11/30 | &nbsp;&nbsp; 280 | 255548 |
| 4.80%, 03/30/27 | &nbsp;&nbsp; 190 | 191836 |
| Ingredion, Inc., 2.90%, 06/01/30 | &nbsp;&nbsp; 170 | 162289 |
| J M Smucker Co.(The) |  |  |
| 2.13%, 03/15/32 | &nbsp;&nbsp; 130 | 114170 |
| 2.38%, 03/15/30 | &nbsp;&nbsp; 135 | 126439 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 3.38%, 12/15/27 | &nbsp;&nbsp; $150 | $148694 |
| 4.25%, 03/15/35 | &nbsp;&nbsp; 55 | 52684 |
| 5.90%, 11/15/28 | &nbsp;&nbsp; 205 | 214888 |
| 6.20%, 11/15/33 | &nbsp;&nbsp; 215 | 235637 |
| JBS NV/JBS USA Foods Group Holdings, Inc./JBS <br> USA Food Co. Holdings<br>|  |  |
| 5.50%, 01/15/36 | &nbsp;&nbsp; 300 | 308072 |
| 5.95%, 04/20/35 | &nbsp;&nbsp; 155 | 164542 |
| JBS USA Holding Lux Sarl/JBS USA Foods Group <br> Holdings, Inc./JBS USA Food Co.<br>|  |  |
| 3.00%, 02/02/29 | &nbsp;&nbsp; 155 | 150542 |
| 3.00%, 05/15/32 | &nbsp;&nbsp; 225 | 204814 |
| 3.63%, 01/15/32 | &nbsp;&nbsp; 225 | 213060 |
| 3.75%, 12/01/31 | &nbsp;&nbsp; 140 | 133760 |
| 5.75%, 04/01/33 | &nbsp;&nbsp; 355 | 373093 |
| 6.75%, 03/15/34 | &nbsp;&nbsp; 408 | 454445 |
| Kellanova |  |  |
| 2.10%, 06/01/30 | &nbsp;&nbsp; 130 | 120470 |
| 3.40%, 11/15/27 | &nbsp;&nbsp; 148 | 147162 |
| 4.30%, 05/15/28 | &nbsp;&nbsp; 175 | 176608 |
| 5.25%, 03/01/33 | &nbsp;&nbsp; 115 | 120771 |
| Series B, 7.45%, 04/01/31 | &nbsp;&nbsp; 130 | 149759 |
| Kraft Heinz Foods Co. |  |  |
| 3.75%, 04/01/30 | &nbsp;&nbsp; 185 | 182177 |
| 3.88%, 05/15/27 | &nbsp;&nbsp; 315 | 314402 |
| 4.25%, 03/01/31 | &nbsp;&nbsp; 115 | 114876 |
| 4.63%, 01/30/29 | &nbsp;&nbsp; 110 | 111801 |
| 5.00%, 07/15/35 | &nbsp;&nbsp; 85 | 85135 |
| 5.20%, 03/15/32 | &nbsp;&nbsp; 120 | 124314 |
| 5.40%, 03/15/35 | &nbsp;&nbsp; 145 | 149565 |
| 6.75%, 03/15/32 | &nbsp;&nbsp; 85 | 94735 |
| Kroger Co.(The) |  |  |
| 1.70%, 01/15/31 | &nbsp;&nbsp; 125 | 111281 |
| 2.20%, 05/01/30 | &nbsp;&nbsp; 115 | 107075 |
| 3.70%, 08/01/27 | &nbsp;&nbsp; 160 | 159698 |
| 4.50%, 01/15/29 | &nbsp;&nbsp; 185 | 188116 |
| 5.00%, 09/15/34 | &nbsp;&nbsp; 490 | 497880 |
| 7.50%, 04/01/31 | &nbsp;&nbsp; 115 | 132065 |
| McCormick & Co., Inc./MD |  |  |
| 1.85%, 02/15/31 | &nbsp;&nbsp; 130 | 116131 |
| 2.50%, 04/15/30 | &nbsp;&nbsp; 130 | 121948 |
| 3.40%, 08/15/27 | &nbsp;&nbsp; 202 | 201027 |
| 4.15%, 02/15/29 | &nbsp;&nbsp; 75 | 75516 |
| 4.70%, 10/15/34 | &nbsp;&nbsp; 125 | 124909 |
| 4.95%, 04/15/33 | &nbsp;&nbsp; 140 | 143542 |
| Mondelez International, Inc. |  |  |
| 1.50%, 02/04/31 | &nbsp;&nbsp; 145 | 127686 |
| 1.88%, 10/15/32 | &nbsp;&nbsp; 120 | 104222 |
| 2.63%, 03/17/27 | &nbsp;&nbsp; 170 | 167887 |
| 2.75%, 04/13/30 | &nbsp;&nbsp; 172 | 163104 |
| 3.00%, 03/17/32 | &nbsp;&nbsp; 209 | 193880 |
| 4.13%, 05/07/28 | &nbsp;&nbsp; 130 | 130414 |
| 4.25%, 05/06/28 | &nbsp;&nbsp; 135 | 135934 |
| 4.50%, 05/06/30 | &nbsp;&nbsp; 55 | 55813 |
| 4.75%, 02/20/29 | &nbsp;&nbsp; 130 | 132992 |
| 4.75%, 08/28/34 | &nbsp;&nbsp; 140 | 141010 |
| 5.13%, 05/06/35 | &nbsp;&nbsp; 60 | 61919 |
| Pilgrim's Pride Corp. |  |  |
| 3.50%, 03/01/32 | &nbsp;&nbsp; 220 | 205287 |
| 4.25%, 04/15/31 | &nbsp;&nbsp; 250 | 245133 |
| 6.25%, 07/01/33 | &nbsp;&nbsp; 220 | 236980 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| 6.88%, 05/15/34 | &nbsp;&nbsp; $120 | $134461 |
| Sysco Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 135 | 126937 |
| 2.45%, 12/14/31 | &nbsp;&nbsp; 170 | 154269 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 221 | 219289 |
| 4.40%, 07/25/31 | &nbsp;&nbsp; 75 | 75271 |
| 4.95%, 03/25/36 | &nbsp;&nbsp; 75 | 75174 |
| 5.10%, 09/23/30 | &nbsp;&nbsp; 165 | 171255 |
| 5.38%, 09/21/35 | &nbsp;&nbsp; 35 | 36483 |
| 5.40%, 03/23/35 | &nbsp;&nbsp; 145 | 151425 |
| 5.75%, 01/17/29 | &nbsp;&nbsp; 145 | 152009 |
| 5.95%, 04/01/30 | &nbsp;&nbsp; 240 | 255371 |
| 6.00%, 01/17/34 | &nbsp;&nbsp; 115 | 125374 |
| Tyson Foods, Inc. |  |  |
| 3.55%, 06/02/27 | &nbsp;&nbsp; 343 | 341399 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 247 | 249131 |
| 4.88%, 08/15/34 | &nbsp;&nbsp; 145 | 146751 |
| 4.95%, 02/20/36 | &nbsp;&nbsp; 75 | 75504 |
| 5.40%, 03/15/29 | &nbsp;&nbsp; 145 | 150367 |
| 5.70%, 03/15/34 | &nbsp;&nbsp; 165 | 175601 |
|  |  | 17290353 |
| **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** |
| Celulosa Arauco y Constitucion SA, 3.88%, <br> 11/02/27<br>| &nbsp;&nbsp; 40 | 39625 |
| Georgia-Pacific LLC |  |  |
| 7.75%, 11/15/29 | &nbsp;&nbsp; 155 | 175190 |
| 8.88%, 05/15/31 | &nbsp;&nbsp; 120 | 146146 |
| International Paper Co., 5.00%, 09/15/35 | &nbsp;&nbsp; 10 | 10095 |
| Suzano Austria GmbH |  |  |
| 2.50%, 09/15/28 | &nbsp;&nbsp; 90 | 86137 |
| 3.13%, 01/15/32 | &nbsp;&nbsp; 230 | 208729 |
| 3.75%, 01/15/31 | &nbsp;&nbsp; 300 | 286096 |
| 5.00%, 01/15/30 | &nbsp;&nbsp; 225 | 226207 |
| 6.00%, 01/15/29 | &nbsp;&nbsp; 370 | 383658 |
| Suzano Netherlands BV, 5.50%, 01/15/36 | &nbsp;&nbsp; 210 | 211573 |
|  |  | 1773456 |
| **Gas — 0.2%** | **Gas — 0.2%** | **Gas — 0.2%** |
| Atmos Energy Corp. |  |  |
| 1.50%, 01/15/31 | &nbsp;&nbsp; 202 | 179761 |
| 2.63%, 09/15/29 | &nbsp;&nbsp; 202 | 193952 |
| 3.00%, 06/15/27 | &nbsp;&nbsp; 225 | 223185 |
| 5.20%, 08/15/35<sup>(a)</sup> | &nbsp;&nbsp; 90 | 93949 |
| 5.45%, 10/15/32 | &nbsp;&nbsp; 25 | 26726 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 190 | 207627 |
| CenterPoint Energy Resources Corp. |  |  |
| 1.75%, 10/01/30 | &nbsp;&nbsp; 162 | 146061 |
| 4.00%, 04/01/28 | &nbsp;&nbsp; 100 | 100197 |
| 4.40%, 07/01/32 | &nbsp;&nbsp; 85 | 85387 |
| 5.25%, 03/01/28 | &nbsp;&nbsp; 305 | 313050 |
| 5.40%, 07/01/34 | &nbsp;&nbsp; 105 | 109715 |
| National Fuel Gas Co. |  |  |
| 2.95%, 03/01/31 | &nbsp;&nbsp; 130 | 120660 |
| 3.95%, 09/15/27 | &nbsp;&nbsp; 70 | 69858 |
| 4.75%, 09/01/28 | &nbsp;&nbsp; 90 | 91305 |
| 5.50%, 03/15/30 | &nbsp;&nbsp; 95 | 98903 |
| 5.95%, 03/15/35 | &nbsp;&nbsp; 105 | 111883 |
| NiSource, Inc. |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 289 | 256206 |
| 2.95%, 09/01/29 | &nbsp;&nbsp; 204 | 197017 |
| 3.49%, 05/15/27 | &nbsp;&nbsp; 280 | 278557 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| 3.60%, 05/01/30 | &nbsp;&nbsp; $240 | $235473 |
| 5.20%, 07/01/29 | &nbsp;&nbsp; 140 | 144891 |
| 5.25%, 03/30/28 | &nbsp;&nbsp; 320 | 327982 |
| 5.35%, 04/01/34 | &nbsp;&nbsp; 150 | 156564 |
| 5.35%, 07/15/35 | &nbsp;&nbsp; 225 | 232341 |
| 5.40%, 06/30/33 | &nbsp;&nbsp; 90 | 94275 |
| 5.75%, 07/15/56, (5-year CMT + 2.04%)<sup>(b)</sup> | &nbsp;&nbsp; 75 | 75478 |
| 6.38%, 03/31/55, (5-year CMT + 2.53%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 208311 |
| ONE Gas, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 95 | 87668 |
| 4.25%, 09/01/32 | &nbsp;&nbsp; 75 | 75067 |
| 5.10%, 04/01/29 | &nbsp;&nbsp; 130 | 134341 |
| Piedmont Natural Gas Co., Inc. |  |  |
| 2.50%, 03/15/31 | &nbsp;&nbsp; 115 | 105990 |
| 3.50%, 06/01/29 | &nbsp;&nbsp; 157 | 154890 |
| 5.10%, 02/15/35 | &nbsp;&nbsp; 85 | 87035 |
| 5.40%, 06/15/33 | &nbsp;&nbsp; 95 | 99849 |
| Southern California Gas Co. |  |  |
| 2.95%, 04/15/27 | &nbsp;&nbsp; 325 | 321922 |
| 5.05%, 09/01/34 | &nbsp;&nbsp; 125 | 128485 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 145 | 150904 |
| 5.45%, 06/15/35 | &nbsp;&nbsp; 185 | 194593 |
| Series XX, 2.55%, 02/01/30 | &nbsp;&nbsp; 225 | 213488 |
| Southern Co. Gas Capital Corp. |  |  |
| 4.95%, 09/15/34 | &nbsp;&nbsp; 115 | 116784 |
| 5.15%, 09/15/32 | &nbsp;&nbsp; 115 | 119208 |
| 5.75%, 09/15/33 | &nbsp;&nbsp; 125 | 133390 |
| Series 2020-A, 1.75%, 01/15/31 | &nbsp;&nbsp; 193 | 172634 |
| Series A, 4.05%, 09/15/28 | &nbsp;&nbsp; 100 | 100276 |
| Series B, 5.10%, 09/15/35 | &nbsp;&nbsp; 85 | 86542 |
| Southwest Gas Corp. |  |  |
| 2.20%, 06/15/30 | &nbsp;&nbsp; 127 | 117260 |
| 3.70%, 04/01/28 | &nbsp;&nbsp; 85 | 84573 |
| 4.05%, 03/15/32 | &nbsp;&nbsp; 150 | 146817 |
| 5.45%, 03/23/28 | &nbsp;&nbsp; 110 | 113022 |
| 5.80%, 12/01/27 | &nbsp;&nbsp; 120 | 123531 |
| Spire Missouri, Inc. |  |  |
| 4.80%, 02/15/33 | &nbsp;&nbsp; 55 | 56247 |
| Series 2034, 5.15%, 08/15/34 | &nbsp;&nbsp; 70 | 72463 |
| Spire, Inc., 4.60%, 09/01/31 | &nbsp;&nbsp; 55 | 55427 |
|  |  | 7631720 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Kennametal, Inc. |  |  |
| 2.80%, 03/01/31 | &nbsp;&nbsp; 80 | 74469 |
| 4.63%, 06/15/28 | &nbsp;&nbsp; 95 | 96095 |
| Snap-on, Inc., 3.25%, 03/01/27 | &nbsp;&nbsp; 25 | 24864 |
| Stanley Black & Decker, Inc. |  |  |
| 2.30%, 03/15/30 | &nbsp;&nbsp; 210 | 194728 |
| 3.00%, 05/15/32 | &nbsp;&nbsp; 170 | 156298 |
| 4.25%, 11/15/28 | &nbsp;&nbsp; 150 | 150639 |
| 6.00%, 03/06/28 | &nbsp;&nbsp; 100 | 103741 |
|  |  | 800834 |
| **Health Care - Products — 0.4%** | **Health Care - Products — 0.4%** | **Health Care - Products — 0.4%** |
| Abbott Laboratories |  |  |
| 1.15%, 01/30/28 | &nbsp;&nbsp; 163 | 155778 |
| 1.40%, 06/30/30 | &nbsp;&nbsp; 186 | 167875 |
| 3.70%, 03/09/29 | &nbsp;&nbsp; 550 | 550151 |
| 4.00%, 03/15/31 | &nbsp;&nbsp; 625 | 624563 |
| 4.30%, 03/15/33 | &nbsp;&nbsp; 625 | 624429 |
| 4.65%, 03/15/36 | &nbsp;&nbsp; 625 | 624653 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| Agilent Technologies, Inc. |  |  |
| 2.10%, 06/04/30 | &nbsp;&nbsp; $130 | $119860 |
| 2.30%, 03/12/31 | &nbsp;&nbsp; 225 | 205529 |
| 2.75%, 09/15/29 | &nbsp;&nbsp; 160 | 153430 |
| 4.20%, 09/09/27 | &nbsp;&nbsp; 155 | 155670 |
| 4.75%, 09/09/34 | &nbsp;&nbsp; 130 | 130993 |
| Baxter International, Inc. |  |  |
| 1.73%, 04/01/31 | &nbsp;&nbsp; 155 | 133596 |
| 2.27%, 12/01/28 | &nbsp;&nbsp; 260 | 245858 |
| 2.54%, 02/01/32 | &nbsp;&nbsp; 355 | 309952 |
| 3.95%, 04/01/30 | &nbsp;&nbsp; 135 | 132004 |
| 4.45%, 02/15/29 | &nbsp;&nbsp; 105 | 105469 |
| 4.90%, 12/15/30 | &nbsp;&nbsp; 145 | 145841 |
| 5.65%, 12/15/35 | &nbsp;&nbsp; 150 | 152559 |
| Boston Scientific Corp. |  |  |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 330 | 312211 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 110 | 110445 |
| Dentsply Sirona, Inc., 3.25%, 06/01/30 | &nbsp;&nbsp; 188 | 176359 |
| DH Europe Finance II SARL, 2.60%, 11/15/29 | &nbsp;&nbsp; 200 | 190702 |
| Edwards Lifesciences Corp., 4.30%, 06/15/28 | &nbsp;&nbsp; 169 | 170012 |
| GE HealthCare Technologies, Inc. |  |  |
| 4.15%, 12/15/28 | &nbsp;&nbsp; 80 | 80348 |
| 4.80%, 08/14/29 | &nbsp;&nbsp; 210 | 215210 |
| 4.80%, 01/15/31 | &nbsp;&nbsp; 110 | 112677 |
| 4.95%, 12/15/35 | &nbsp;&nbsp; 150 | 150838 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 140 | 146621 |
| 5.65%, 11/15/27 | &nbsp;&nbsp; 430 | 441789 |
| 5.86%, 03/15/30 | &nbsp;&nbsp; 295 | 313285 |
| 5.91%, 11/22/32 | &nbsp;&nbsp; 430 | 465182 |
| Medtronic Global Holdings SCA |  |  |
| 4.25%, 03/30/28 | &nbsp;&nbsp; 278 | 280693 |
| 4.50%, 03/30/33 | &nbsp;&nbsp; 260 | 262467 |
| Medtronic, Inc., 4.38%, 03/15/35 | &nbsp;&nbsp; 415 | 410464 |
| Revvity, Inc. |  |  |
| 1.90%, 09/15/28 | &nbsp;&nbsp; 145 | 137315 |
| 2.25%, 09/15/31 | &nbsp;&nbsp; 150 | 133439 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 100 | 91471 |
| 3.30%, 09/15/29 | &nbsp;&nbsp; 156 | 151266 |
| Smith & Nephew PLC |  |  |
| 2.03%, 10/14/30 | &nbsp;&nbsp; 255 | 231307 |
| 5.15%, 03/20/27 | &nbsp;&nbsp; 105 | 106206 |
| 5.40%, 03/20/34 | &nbsp;&nbsp; 155 | 161312 |
| Solventum Corp. |  |  |
| 5.40%, 03/01/29 | &nbsp;&nbsp; 188 | 195012 |
| 5.45%, 03/13/31 | &nbsp;&nbsp; 255 | 267339 |
| 5.60%, 03/23/34 | &nbsp;&nbsp; 375 | 391784 |
| STERIS Irish FinCo UnLtd Co., 2.70%, 03/15/31 | &nbsp;&nbsp; 175 | 162508 |
| Stryker Corp. |  |  |
| 1.95%, 06/15/30 | &nbsp;&nbsp; 260 | 238588 |
| 3.65%, 03/07/28 | &nbsp;&nbsp; 150 | 149528 |
| 4.25%, 09/11/29 | &nbsp;&nbsp; 215 | 217297 |
| 4.63%, 09/11/34 | &nbsp;&nbsp; 105 | 105288 |
| 4.70%, 02/10/28 | &nbsp;&nbsp; 170 | 172510 |
| 4.85%, 12/08/28 | &nbsp;&nbsp; 160 | 164155 |
| 4.85%, 02/10/30 | &nbsp;&nbsp; 160 | 164886 |
| 5.20%, 02/10/35 | &nbsp;&nbsp; 205 | 212667 |
| Thermo Fisher Scientific, Inc. |  |  |
| 1.75%, 10/15/28 | &nbsp;&nbsp; 165 | 156813 |
| 2.00%, 10/15/31 | &nbsp;&nbsp; 280 | 251613 |
| 2.60%, 10/01/29 | &nbsp;&nbsp; 245 | 234574 |
| 4.20%, 03/01/31 | &nbsp;&nbsp; 125 | 125920 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| 4.22%, 02/12/31 | &nbsp;&nbsp; $40 | $40321 |
| 4.47%, 10/07/32 | &nbsp;&nbsp; 135 | 136468 |
| 4.55%, 06/15/33 | &nbsp;&nbsp; 175 | 177041 |
| 4.79%, 10/07/35 | &nbsp;&nbsp; 120 | 121061 |
| 4.80%, 11/21/27 | &nbsp;&nbsp; 160 | 162731 |
| 4.90%, 02/12/36 | &nbsp;&nbsp; 160 | 162675 |
| 4.95%, 11/21/32 | &nbsp;&nbsp; 130 | 134890 |
| 4.98%, 08/10/30 | &nbsp;&nbsp; 215 | 223346 |
| 5.00%, 01/31/29 | &nbsp;&nbsp; 175 | 180782 |
| 5.09%, 08/10/33 | &nbsp;&nbsp; 215 | 224346 |
| 5.20%, 01/31/34 | &nbsp;&nbsp; 115 | 120685 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 2.60%, 11/24/31 | &nbsp;&nbsp; 230 | 210066 |
| 5.05%, 02/19/30 | &nbsp;&nbsp; 165 | 170601 |
| 5.20%, 09/15/34 | &nbsp;&nbsp; 160 | 164556 |
| 5.35%, 12/01/28 | &nbsp;&nbsp; 140 | 144889 |
| 5.50%, 02/19/35 | &nbsp;&nbsp; 110 | 115108 |
|  |  | 15289877 |
| **Health Care - Services — 0.8%** | **Health Care - Services — 0.8%** | **Health Care - Services — 0.8%** |
| Adventist Health System/West |  |  |
| 5.43%, 03/01/32 | &nbsp;&nbsp; 95 | 98896 |
| 5.76%, 12/01/34 | &nbsp;&nbsp; 100 | 105479 |
| Series 2025, 4.74%, 12/01/30 | &nbsp;&nbsp; 75 | 75919 |
| Advocate Health & Hospitals Corp., 3.83%, <br> 08/15/28<br>| &nbsp;&nbsp; 110 | 110175 |
| Ascension Health |  |  |
| Series 2025, 4.08%, 11/15/28 | &nbsp;&nbsp; 55 | 55341 |
| Series 2025, 4.29%, 11/15/30 | &nbsp;&nbsp; 125 | 126327 |
| Series 2025, 4.92%, 11/15/35 | &nbsp;&nbsp; 135 | 137832 |
| Series B, 2.53%, 11/15/29 | &nbsp;&nbsp; 231 | 220499 |
| Banner Health |  |  |
| 1.90%, 01/01/31 | &nbsp;&nbsp; 100 | 90694 |
| 2.34%, 01/01/30 | &nbsp;&nbsp; 95 | 89512 |
| Baylor Scott & White Holdings, Series 2021, 1.78%, <br> 11/15/30<br>| &nbsp;&nbsp; 130 | 117958 |
| Bon Secours Mercy Health, Inc. |  |  |
| 3.46%, 06/01/30 | &nbsp;&nbsp; 170 | 167225 |
| Series 2018, 4.30%, 07/01/28 | &nbsp;&nbsp; 105 | 105709 |
| Cedars-Sinai Health System, Series 2021, 2.29%, <br> 08/15/31<br>| &nbsp;&nbsp; 135 | 123396 |
| Centene Corp. |  |  |
| 2.45%, 07/15/28 | &nbsp;&nbsp; 505 | 476226 |
| 2.50%, 03/01/31 | &nbsp;&nbsp; 485 | 420749 |
| 2.63%, 08/01/31 | &nbsp;&nbsp; 255 | 221142 |
| 3.00%, 10/15/30 | &nbsp;&nbsp; 480 | 432518 |
| 3.38%, 02/15/30 | &nbsp;&nbsp; 415 | 385040 |
| 4.25%, 12/15/27 | &nbsp;&nbsp; 465 | 462178 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 720 | 702385 |
| CHRISTUS Health, Series C, 4.34%, 07/01/28 | &nbsp;&nbsp; 35 | 35189 |
| Cigna Group(The) |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 430 | 394312 |
| 2.40%, 03/15/30 | &nbsp;&nbsp; 313 | 293937 |
| 3.05%, 10/15/27 | &nbsp;&nbsp; 140 | 138405 |
| 3.40%, 03/01/27 | &nbsp;&nbsp; 315 | 313536 |
| 4.38%, 10/15/28 | &nbsp;&nbsp; 830 | 838197 |
| 4.50%, 09/15/30 | &nbsp;&nbsp; 210 | 212855 |
| 4.88%, 09/15/32 | &nbsp;&nbsp; 200 | 204490 |
| 5.00%, 05/15/29 | &nbsp;&nbsp; 200 | 206045 |
| 5.13%, 05/15/31 | &nbsp;&nbsp; 205 | 213265 |
| 5.25%, 02/15/34 | &nbsp;&nbsp; 285 | 295277 |
| 5.25%, 01/15/36 | &nbsp;&nbsp; 270 | 277189 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 5.40%, 03/15/33 | &nbsp;&nbsp; $170 | $178626 |
| CommonSpirit Health |  |  |
| 2.78%, 10/01/30 | &nbsp;&nbsp; 87 | 81842 |
| 3.35%, 10/01/29 | &nbsp;&nbsp; 172 | 167488 |
| 4.35%, 09/01/30 | &nbsp;&nbsp; 65 | 65279 |
| 4.98%, 09/01/35 | &nbsp;&nbsp; 60 | 60375 |
| 5.21%, 12/01/31 | &nbsp;&nbsp; 130 | 135532 |
| 5.32%, 12/01/34 | &nbsp;&nbsp; 150 | 154934 |
| 6.07%, 11/01/27 | &nbsp;&nbsp; 110 | 113360 |
| Elevance Health, Inc. |  |  |
| 2.25%, 05/15/30 | &nbsp;&nbsp; 294 | 272184 |
| 2.55%, 03/15/31 | &nbsp;&nbsp; 250 | 230259 |
| 2.88%, 09/15/29 | &nbsp;&nbsp; 214 | 205626 |
| 3.65%, 12/01/27 | &nbsp;&nbsp; 455 | 453232 |
| 4.00%, 09/15/28 | &nbsp;&nbsp; 145 | 145253 |
| 4.10%, 03/01/28 | &nbsp;&nbsp; 294 | 294655 |
| 4.10%, 05/15/32 | &nbsp;&nbsp; 160 | 157026 |
| 4.60%, 09/15/32 | &nbsp;&nbsp; 125 | 126080 |
| 4.75%, 02/15/30 | &nbsp;&nbsp; 160 | 163773 |
| 4.75%, 02/15/33 | &nbsp;&nbsp; 245 | 247625 |
| 4.95%, 11/01/31 | &nbsp;&nbsp; 190 | 195542 |
| 5.00%, 01/15/36 | &nbsp;&nbsp; 230 | 231028 |
| 5.15%, 06/15/29 | &nbsp;&nbsp; 145 | 149888 |
| 5.20%, 02/15/35 | &nbsp;&nbsp; 295 | 302914 |
| 5.38%, 06/15/34 | &nbsp;&nbsp; 240 | 249660 |
| 5.50%, 10/15/32 | &nbsp;&nbsp; 160 | 168815 |
| 5.95%, 12/15/34 | &nbsp;&nbsp; 50 | 53973 |
| HCA, Inc. |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 235 | 212137 |
| 3.13%, 03/15/27 | &nbsp;&nbsp; 235 | 233008 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 120 | 117852 |
| 3.50%, 09/01/30 | &nbsp;&nbsp; 660 | 639340 |
| 3.63%, 03/15/32 | &nbsp;&nbsp; 422 | 401619 |
| 4.13%, 06/15/29 | &nbsp;&nbsp; 537 | 537681 |
| 4.30%, 11/15/30 | &nbsp;&nbsp; 140 | 140212 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 215 | 215145 |
| 4.90%, 11/15/35 | &nbsp;&nbsp; 190 | 189150 |
| 5.00%, 03/01/28 | &nbsp;&nbsp; 55 | 56118 |
| 5.20%, 06/01/28 | &nbsp;&nbsp; 250 | 256165 |
| 5.25%, 03/01/30 | &nbsp;&nbsp; 100 | 103708 |
| 5.45%, 04/01/31 | &nbsp;&nbsp; 340 | 355933 |
| 5.45%, 09/15/34 | &nbsp;&nbsp; 270 | 280393 |
| 5.50%, 03/01/32 | &nbsp;&nbsp; 200 | 209793 |
| 5.50%, 06/01/33 | &nbsp;&nbsp; 275 | 287990 |
| 5.60%, 04/01/34 | &nbsp;&nbsp; 265 | 278084 |
| 5.63%, 09/01/28 | &nbsp;&nbsp; 350 | 360929 |
| 5.75%, 03/01/35 | &nbsp;&nbsp; 395 | 418197 |
| 5.88%, 02/01/29 | &nbsp;&nbsp; 230 | 239555 |
| Humana, Inc. |  |  |
| 2.15%, 02/03/32<sup>(a)</sup> | &nbsp;&nbsp; 160 | 139696 |
| 3.13%, 08/15/29 | &nbsp;&nbsp; 140 | 134635 |
| 3.70%, 03/23/29 | &nbsp;&nbsp; 200 | 196476 |
| 3.95%, 03/15/27 | &nbsp;&nbsp; 125 | 124828 |
| 4.88%, 04/01/30 | &nbsp;&nbsp; 140 | 141987 |
| 5.38%, 04/15/31 | &nbsp;&nbsp; 350 | 360701 |
| 5.55%, 05/01/35 | &nbsp;&nbsp; 15 | 15275 |
| 5.75%, 03/01/28 | &nbsp;&nbsp; 155 | 159217 |
| 5.75%, 12/01/28 | &nbsp;&nbsp; 130 | 134601 |
| 5.88%, 03/01/33 | &nbsp;&nbsp; 175 | 183158 |
| 5.95%, 03/15/34 | &nbsp;&nbsp; 250 | 262052 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| ICON Investments Six DAC |  |  |
| 5.85%, 05/08/29 | &nbsp;&nbsp; $200 | $204778 |
| 6.00%, 05/08/34 | &nbsp;&nbsp; 70 | 71839 |
| IQVIA, Inc. |  |  |
| 5.70%, 05/15/28 | &nbsp;&nbsp; 100 | 102915 |
| 6.25%, 02/01/29 | &nbsp;&nbsp; 315 | 331092 |
| Kaiser Foundation Hospitals, 3.15%, 05/01/27 | &nbsp;&nbsp; 166 | 165043 |
| Laboratory Corp. of America Holdings |  |  |
| 2.70%, 06/01/31 | &nbsp;&nbsp; 120 | 111052 |
| 2.95%, 12/01/29 | &nbsp;&nbsp; 86 | 82697 |
| 3.60%, 09/01/27 | &nbsp;&nbsp; 183 | 182299 |
| 4.35%, 04/01/30 | &nbsp;&nbsp; 190 | 191575 |
| 4.55%, 04/01/32 | &nbsp;&nbsp; 140 | 141081 |
| 4.80%, 10/01/34 | &nbsp;&nbsp; 190 | 190154 |
| OhioHealth Corp., 2.30%, 11/15/31 | &nbsp;&nbsp; 130 | 118640 |
| Orlando Health Obligated Group, 5.48%, 10/01/35 | &nbsp;&nbsp; 10 | 10637 |
| PeaceHealth Obligated Group |  |  |
| 4.34%, 11/15/28 | &nbsp;&nbsp; 15 | 15107 |
| 4.86%, 11/15/32 | &nbsp;&nbsp; 20 | 20423 |
| Piedmont Healthcare, Inc., 2.04%, 01/01/32 | &nbsp;&nbsp; 130 | 115791 |
| Providence St. Joseph Health Obligated Group |  |  |
| 5.37%, 10/01/32 | &nbsp;&nbsp; 135 | 141450 |
| 5.40%, 10/01/33 | &nbsp;&nbsp; 95 | 99358 |
| Series 19A, 2.53%, 10/01/29 | &nbsp;&nbsp; 85 | 80563 |
| Quest Diagnostics, Inc. |  |  |
| 2.80%, 06/30/31 | &nbsp;&nbsp; 180 | 167735 |
| 2.95%, 06/30/30 | &nbsp;&nbsp; 210 | 200257 |
| 4.20%, 06/30/29 | &nbsp;&nbsp; 135 | 135961 |
| 4.60%, 12/15/27 | &nbsp;&nbsp; 120 | 121500 |
| 4.63%, 12/15/29 | &nbsp;&nbsp; 135 | 137822 |
| 5.00%, 12/15/34 | &nbsp;&nbsp; 180 | 184182 |
| 6.40%, 11/30/33 | &nbsp;&nbsp; 165 | 184351 |
| Rush Obligated Group, Series 2020, 3.92%, <br> 11/15/29<br>| &nbsp;&nbsp; 111 | 110609 |
| SSM Health Care Corp. |  |  |
| 4.89%, 06/01/28 | &nbsp;&nbsp; 65 | 66103 |
| Series A, 3.82%, 06/01/27 | &nbsp;&nbsp; 210 | 209830 |
| Stanford Health Care, Series 2020, 3.31%, <br> 08/15/30<br>| &nbsp;&nbsp; 120 | 117077 |
| Sutter Health |  |  |
| Series 2025, 5.21%, 08/15/32 | &nbsp;&nbsp; 40 | 41967 |
| Series 2025, 5.54%, 08/15/35 | &nbsp;&nbsp; 115 | 122196 |
| Series 20A, 2.29%, 08/15/30 | &nbsp;&nbsp; 10 | 9285 |
| UnitedHealth Group, Inc. |  |  |
| 3.70%, 05/15/27 | &nbsp;&nbsp; 150 | 149819 |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 295 | 272400 |
| 2.30%, 05/15/31 | &nbsp;&nbsp; 355 | 323821 |
| 2.88%, 08/15/29 | &nbsp;&nbsp; 234 | 226071 |
| 2.95%, 10/15/27 | &nbsp;&nbsp; 298 | 294507 |
| 3.38%, 04/15/27 | &nbsp;&nbsp; 165 | 164196 |
| 3.85%, 06/15/28 | &nbsp;&nbsp; 270 | 270089 |
| 3.88%, 12/15/28 | &nbsp;&nbsp; 188 | 188086 |
| 4.00%, 05/15/29 | &nbsp;&nbsp; 223 | 223719 |
| 4.20%, 05/15/32 | &nbsp;&nbsp; 345 | 343384 |
| 4.25%, 01/15/29 | &nbsp;&nbsp; 300 | 303118 |
| 4.40%, 06/15/28 | &nbsp;&nbsp; 155 | 156830 |
| 4.50%, 04/15/33 | &nbsp;&nbsp; 385 | 384300 |
| 4.60%, 04/15/27 | &nbsp;&nbsp; 120 | 120942 |
| 4.63%, 07/15/35 | &nbsp;&nbsp; 95 | 94433 |
| 4.65%, 01/15/31 | &nbsp;&nbsp; 190 | 194048 |
| 4.70%, 04/15/29 | &nbsp;&nbsp; 100 | 102291 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| 4.80%, 01/15/30 | &nbsp;&nbsp; $290 | $298321 |
| 4.90%, 04/15/31 | &nbsp;&nbsp; 245 | 253141 |
| 4.95%, 01/15/32 | &nbsp;&nbsp; 325 | 335189 |
| 5.00%, 04/15/34 | &nbsp;&nbsp; 290 | 297515 |
| 5.15%, 07/15/34 | &nbsp;&nbsp; 460 | 475099 |
| 5.25%, 02/15/28 | &nbsp;&nbsp; 265 | 271949 |
| 5.30%, 02/15/30 | &nbsp;&nbsp; 275 | 287513 |
| 5.30%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; 65 | 67787 |
| 5.35%, 02/15/33 | &nbsp;&nbsp; 300 | 314918 |
| Universal Health Services, Inc. |  |  |
| 2.65%, 10/15/30 | &nbsp;&nbsp; 185 | 169937 |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 140 | 125277 |
| 4.63%, 10/15/29 | &nbsp;&nbsp; 125 | 126429 |
| 5.05%, 10/15/34 | &nbsp;&nbsp; 115 | 113958 |
| UPMC, 5.04%, 05/15/33 | &nbsp;&nbsp; 30 | 30926 |
|  |  | 31303883 |
| **Holding Companies - Diversified — 0.3%** | **Holding Companies - Diversified — 0.3%** | **Holding Companies - Diversified — 0.3%** |
| Apollo Debt Solutions BDC |  |  |
| 5.70%, 01/23/31<sup>(c)</sup> | &nbsp;&nbsp; 50 | 49606 |
| 5.88%, 08/30/30 | &nbsp;&nbsp; 60 | 60342 |
| 6.55%, 03/15/32 | &nbsp;&nbsp; 125 | 127759 |
| 6.70%, 07/29/31 | &nbsp;&nbsp; 225 | 232481 |
| 6.90%, 04/13/29 | &nbsp;&nbsp; 215 | 223513 |
| Ares Capital Corp. |  |  |
| 2.88%, 06/15/27 | &nbsp;&nbsp; 165 | 161722 |
| 2.88%, 06/15/28 | &nbsp;&nbsp; 290 | 276647 |
| 3.20%, 11/15/31 | &nbsp;&nbsp; 175 | 153983 |
| 5.10%, 01/15/31 | &nbsp;&nbsp; 120 | 117103 |
| 5.25%, 04/12/31 | &nbsp;&nbsp; 75 | 73458 |
| 5.50%, 09/01/30 | &nbsp;&nbsp; 175 | 173138 |
| 5.80%, 03/08/32 | &nbsp;&nbsp; 250 | 249005 |
| 5.88%, 03/01/29 | &nbsp;&nbsp; 235 | 239320 |
| 5.95%, 07/15/29 | &nbsp;&nbsp; 200 | 204360 |
| Ares Strategic Income Fund |  |  |
| 4.85%, 01/15/29<sup>(c)</sup> | &nbsp;&nbsp; 90 | 88497 |
| 5.15%, 01/15/31<sup>(c)</sup> | &nbsp;&nbsp; 70 | 67850 |
| 5.45%, 09/09/28<sup>(c)</sup> | &nbsp;&nbsp; 85 | 84976 |
| 5.55%, 04/15/31<sup>(c)</sup> | &nbsp;&nbsp; 55 | 54075 |
| 5.60%, 02/15/30 | &nbsp;&nbsp; 175 | 172994 |
| 5.70%, 03/15/28 | &nbsp;&nbsp; 160 | 161160 |
| 5.80%, 09/09/30<sup>(c)</sup> | &nbsp;&nbsp; 130 | 129494 |
| 6.20%, 03/21/32 | &nbsp;&nbsp; 205 | 205875 |
| 6.35%, 08/15/29 | &nbsp;&nbsp; 165 | 168285 |
| Bain Capital Specialty Finance, Inc. |  |  |
| 5.95%, 03/15/30<sup>(a)</sup> | &nbsp;&nbsp; 70 | 69667 |
| 5.95%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp; 25 | 24365 |
| Barings BDC, Inc. |  |  |
| 5.20%, 09/15/28 | &nbsp;&nbsp; 35 | 34628 |
| 7.00%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp; 80 | 82200 |
| Barings Private Credit Corp., 6.15%, 06/11/30<sup>(a)(c)</sup> | &nbsp;&nbsp; 50 | 49612 |
| Blackstone Private Credit Fund |  |  |
| 3.25%, 03/15/27 | &nbsp;&nbsp; 160 | 157782 |
| 4.00%, 01/15/29 | &nbsp;&nbsp; 155 | 148725 |
| 4.95%, 09/26/27 | &nbsp;&nbsp; 110 | 109825 |
| 5.05%, 09/10/30 | &nbsp;&nbsp; 85 | 81275 |
| 5.25%, 04/01/30 | &nbsp;&nbsp; 85 | 83222 |
| 5.35%, 03/12/31 | &nbsp;&nbsp; 50 | 48479 |
| 5.60%, 11/22/29 | &nbsp;&nbsp; 130 | 129150 |
| 5.95%, 07/16/29 | &nbsp;&nbsp; 200 | 201647 |
| 6.00%, 01/29/32 | &nbsp;&nbsp; 255 | 252684 |
| 6.00%, 11/22/34 | &nbsp;&nbsp; 215 | 208167 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| 6.25%, 01/25/31 | &nbsp;&nbsp; $115 | $115799 |
| 7.30%, 11/27/28 | &nbsp;&nbsp; 160 | 167251 |
| Blackstone Secured Lending Fund |  |  |
| 2.13%, 02/15/27 | &nbsp;&nbsp; 170 | 165687 |
| 2.85%, 09/30/28 | &nbsp;&nbsp; 163 | 152684 |
| 5.13%, 01/31/31 | &nbsp;&nbsp; 60 | 58166 |
| 5.30%, 06/30/30 | &nbsp;&nbsp; 125 | 122938 |
| 5.35%, 04/13/28 | &nbsp;&nbsp; 155 | 155094 |
| 5.88%, 11/15/27 | &nbsp;&nbsp; 95 | 96409 |
| Blue Owl Capital Corp. |  |  |
| 2.88%, 06/11/28 | &nbsp;&nbsp; 190 | 177865 |
| 3.13%, 04/13/27 | &nbsp;&nbsp; 90 | 87531 |
| 5.95%, 03/15/29<sup>(a)</sup> | &nbsp;&nbsp; 120 | 119518 |
| 6.20%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp; 60 | 59817 |
| Blue Owl Credit Income Corp. |  |  |
| 5.80%, 03/15/30 | &nbsp;&nbsp; 210 | 205922 |
| 6.60%, 09/15/29 | &nbsp;&nbsp; 200 | 202055 |
| 6.65%, 03/15/31 | &nbsp;&nbsp; 170 | 170897 |
| 7.75%, 09/16/27 | &nbsp;&nbsp; 125 | 127482 |
| 7.75%, 01/15/29 | &nbsp;&nbsp; 120 | 124661 |
| 7.95%, 06/13/28 | &nbsp;&nbsp; 160 | 166029 |
| Blue Owl Technology Finance Corp. |  |  |
| 6.10%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp; 105 | 104544 |
| 6.75%, 04/04/29<sup>(a)</sup> | &nbsp;&nbsp; 165 | 164379 |
| Capital Southwest Corp., 5.95%, 09/18/30<sup>(a)</sup> | &nbsp;&nbsp; 35 | 34868 |
| Carlyle Secured Lending, Inc. |  |  |
| 5.75%, 02/15/31 | &nbsp;&nbsp; 25 | 24164 |
| 6.75%, 02/18/30 | &nbsp;&nbsp; 15 | 15198 |
| Franklin BSP Capital Corp. |  |  |
| 6.00%, 10/02/30<sup>(c)</sup> | &nbsp;&nbsp; 50 | 48606 |
| 7.20%, 06/15/29<sup>(a)</sup> | &nbsp;&nbsp; 115 | 117620 |
| FS KKR Capital Corp. |  |  |
| 3.13%, 10/12/28 | &nbsp;&nbsp; 160 | 145721 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 15 | 14404 |
| 6.13%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp; 75 | 71887 |
| 6.13%, 01/15/31 | &nbsp;&nbsp; 50 | 47379 |
| 6.88%, 08/15/29 | &nbsp;&nbsp; 125 | 123391 |
| 7.88%, 01/15/29 | &nbsp;&nbsp; 105 | 107026 |
| Goldman Sachs BDC, Inc. |  |  |
| 5.10%, 01/28/29 | &nbsp;&nbsp; 25 | 24646 |
| 5.65%, 09/09/30 | &nbsp;&nbsp; 80 | 78069 |
| 6.38%, 03/11/27 | &nbsp;&nbsp; 50 | 50848 |
| Goldman Sachs Private Credit Corp. |  |  |
| 5.05%, 02/23/28<sup>(c)</sup> | &nbsp;&nbsp; 50 | 49672 |
| 5.38%, 01/31/29<sup>(c)</sup> | &nbsp;&nbsp; 30 | 29977 |
| 5.88%, 05/06/28<sup>(a)(c)</sup> | &nbsp;&nbsp; 65 | 65767 |
| 5.88%, 01/31/31<sup>(c)</sup> | &nbsp;&nbsp; 60 | 58971 |
| 6.25%, 05/06/30<sup>(c)</sup> | &nbsp;&nbsp; 135 | 135285 |
| Golub Capital BDC, Inc. |  |  |
| 2.05%, 02/15/27 | &nbsp;&nbsp; 60 | 58343 |
| 6.00%, 07/15/29 | &nbsp;&nbsp; 170 | 170519 |
| 7.05%, 12/05/28 | &nbsp;&nbsp; 145 | 150858 |
| Golub Capital Private Credit Fund |  |  |
| 5.45%, 08/15/28 | &nbsp;&nbsp; 115 | 115036 |
| 5.60%, 04/15/31<sup>(c)</sup> | &nbsp;&nbsp; 50 | 48726 |
| 5.80%, 09/12/29 | &nbsp;&nbsp; 105 | 105445 |
| 5.88%, 05/01/30 | &nbsp;&nbsp; 55 | 55002 |
| HA Sustainable Infrastructure Capital, Inc. |  |  |
| 6.15%, 01/15/31 | &nbsp;&nbsp; 50 | 51872 |
| 6.38%, 07/01/34 | &nbsp;&nbsp; 175 | 180853 |
| 6.75%, 07/15/35 | &nbsp;&nbsp; 150 | 157536 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| Main Street Capital Corp. |  |  |
| 5.40%, 08/15/28 | &nbsp;&nbsp; $35 | $35161 |
| 6.50%, 06/04/27 | &nbsp;&nbsp; 120 | 121987 |
| 6.95%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 70 | 72682 |
| Morgan Stanley Direct Lending Fund |  |  |
| 4.50%, 02/11/27 | &nbsp;&nbsp; 55 | 54907 |
| 6.00%, 05/19/30<sup>(a)</sup> | &nbsp;&nbsp; 75 | 75164 |
| 6.15%, 05/17/29 | &nbsp;&nbsp; 90 | 91879 |
| MSD Investment Corp. |  |  |
| 6.13%, 02/05/31<sup>(c)</sup> | &nbsp;&nbsp; 25 | 24694 |
| 6.25%, 05/31/30<sup>(c)</sup> | &nbsp;&nbsp; 105 | 105069 |
| New Mountain Finance Corp. |  |  |
| 6.20%, 10/15/27 | &nbsp;&nbsp; 10 | 10062 |
| 6.88%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp; 70 | 70687 |
| North Haven Private Income Fund LLC |  |  |
| 5.13%, 09/25/28<sup>(c)</sup> | &nbsp;&nbsp; 55 | 54417 |
| 5.75%, 02/01/30 | &nbsp;&nbsp; 35 | 34531 |
| Oaktree Specialty Lending Corp. |  |  |
| 6.34%, 02/27/30<sup>(a)</sup> | &nbsp;&nbsp; 55 | 54163 |
| 7.10%, 02/15/29 | &nbsp;&nbsp; 75 | 75946 |
| Oaktree Strategic Credit Fund |  |  |
| 6.19%, 07/15/30<sup>(a)(c)</sup> | &nbsp;&nbsp; 65 | 64607 |
| 6.50%, 07/23/29 | &nbsp;&nbsp; 95 | 97260 |
| 8.40%, 11/14/28 | &nbsp;&nbsp; 85 | 91373 |
| Sixth Street Lending Partners |  |  |
| 5.75%, 01/15/30 | &nbsp;&nbsp; 115 | 115368 |
| 6.13%, 07/15/30 | &nbsp;&nbsp; 160 | 162052 |
| 6.50%, 03/11/29 | &nbsp;&nbsp; 160 | 165262 |
| Sixth Street Specialty Lending, Inc. |  |  |
| 5.63%, 08/15/30<sup>(a)</sup> | &nbsp;&nbsp; 55 | 54659 |
| 6.13%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp; 100 | 101419 |
| 6.95%, 08/14/28 | &nbsp;&nbsp; 30 | 30872 |
|  |  | 12003709 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| DR Horton, Inc. |  |  |
| 1.40%, 10/15/27 | &nbsp;&nbsp; 150 | 144383 |
| 4.85%, 10/15/30 | &nbsp;&nbsp; 100 | 103061 |
| 5.00%, 10/15/34 | &nbsp;&nbsp; 170 | 174084 |
| 5.50%, 10/15/35 | &nbsp;&nbsp; 15 | 15762 |
| Lennar Corp. |  |  |
| 4.75%, 11/29/27 | &nbsp;&nbsp; 198 | 199764 |
| 5.00%, 06/15/27 | &nbsp;&nbsp; 100 | 100675 |
| 5.20%, 07/30/30 | &nbsp;&nbsp; 170 | 176144 |
| Meritage Homes Corp. |  |  |
| 5.13%, 06/06/27 | &nbsp;&nbsp; 30 | 30205 |
| 5.65%, 03/15/35 | &nbsp;&nbsp; 125 | 129044 |
| NVR, Inc., 3.00%, 05/15/30 | &nbsp;&nbsp; 255 | 243660 |
| PulteGroup, Inc. |  |  |
| 4.25%, 03/01/31 | &nbsp;&nbsp; 75 | 74922 |
| 4.90%, 03/01/36 | &nbsp;&nbsp; 50 | 50036 |
| 6.00%, 02/15/35 | &nbsp;&nbsp; 30 | 32476 |
| 6.38%, 05/15/33<sup>(a)</sup> | &nbsp;&nbsp; 90 | 100147 |
| 7.88%, 06/15/32 | &nbsp;&nbsp; 90 | 106234 |
| Sekisui House U.S., Inc. |  |  |
| 2.50%, 01/15/31 | &nbsp;&nbsp; 92 | 82906 |
| 3.85%, 01/15/30 | &nbsp;&nbsp; 80 | 77865 |
| Toll Brothers Finance Corp. |  |  |
| 3.80%, 11/01/29 | &nbsp;&nbsp; 132 | 130657 |
| 4.35%, 02/15/28 | &nbsp;&nbsp; 130 | 130794 |
| 4.88%, 03/15/27 | &nbsp;&nbsp; 105 | 105635 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Home Builders (continued)** | **Home Builders (continued)** | **Home Builders (continued)** |
| 5.60%, 06/15/35<sup>(a)</sup> | &nbsp;&nbsp; $110 | $116432 |
|  |  | 2324886 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Leggett & Platt, Inc. |  |  |
| 3.50%, 11/15/27 | &nbsp;&nbsp; 125 | 123477 |
| 4.40%, 03/15/29 | &nbsp;&nbsp; 148 | 147414 |
|  |  | 270891 |
| **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** |
| Avery Dennison Corp. |  |  |
| 2.25%, 02/15/32 | &nbsp;&nbsp; 95 | 84632 |
| 2.65%, 04/30/30 | &nbsp;&nbsp; 160 | 150869 |
| 4.88%, 12/06/28 | &nbsp;&nbsp; 150 | 153062 |
| 5.75%, 03/15/33 | &nbsp;&nbsp; 115 | 122871 |
| Church & Dwight Co., Inc. |  |  |
| 2.30%, 12/15/31 | &nbsp;&nbsp; 130 | 118115 |
| 3.15%, 08/01/27 | &nbsp;&nbsp; 140 | 138775 |
| 5.60%, 11/15/32 | &nbsp;&nbsp; 140 | 150701 |
| Clorox Co.(The) |  |  |
| 1.80%, 05/15/30 | &nbsp;&nbsp; 135 | 122921 |
| 3.10%, 10/01/27 | &nbsp;&nbsp; 145 | 143359 |
| 3.90%, 05/15/28 | &nbsp;&nbsp; 125 | 125092 |
| 4.40%, 05/01/29 | &nbsp;&nbsp; 135 | 136592 |
| 4.60%, 05/01/32 | &nbsp;&nbsp; 160 | 162337 |
| Kimberly-Clark Corp. |  |  |
| 1.05%, 09/15/27 | &nbsp;&nbsp; 195 | 187596 |
| 2.00%, 11/02/31 | &nbsp;&nbsp; 165 | 149383 |
| 3.10%, 03/26/30 | &nbsp;&nbsp; 215 | 208416 |
| 3.20%, 04/25/29 | &nbsp;&nbsp; 181 | 177877 |
| 3.95%, 11/01/28 | &nbsp;&nbsp; 170 | 170800 |
| 4.50%, 02/16/33 | &nbsp;&nbsp; 115 | 117537 |
|  |  | 2620935 |
| **Insurance — 0.8%** | **Insurance — 0.8%** | **Insurance — 0.8%** |
| ACE Capital Trust II, Series N, 9.70%, 04/01/30 | &nbsp;&nbsp; 95 | 113570 |
| Aegon Ltd., 5.50%, 04/11/48, (6-mo. SOFR US + <br> 3.97%)<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 202485 |
| Aflac, Inc., 3.60%, 04/01/30 | &nbsp;&nbsp; 220 | 216750 |
| Alleghany Corp., 3.63%, 05/15/30 | &nbsp;&nbsp; 180 | 177761 |
| Allstate Corp.(The) |  |  |
| 1.45%, 12/15/30 | &nbsp;&nbsp; 165 | 145700 |
| 5.05%, 06/24/29 | &nbsp;&nbsp; 100 | 103299 |
| 5.25%, 03/30/33 | &nbsp;&nbsp; 165 | 172242 |
| 5.35%, 06/01/33 | &nbsp;&nbsp; 60 | 63058 |
| 5.55%, 05/09/35 | &nbsp;&nbsp; 135 | 143462 |
| American Financial Group, Inc., 5.00%, 09/23/35 | &nbsp;&nbsp; 60 | 59402 |
| American Financial Group, Inc./OH, 5.25%, <br> 04/02/30<br>| &nbsp;&nbsp; 5 | 5226 |
| American International Group, Inc. |  |  |
| 3.40%, 06/30/30 | &nbsp;&nbsp; 139 | 135394 |
| 3.88%, 01/15/35 | &nbsp;&nbsp; 20 | 18720 |
| 4.20%, 04/01/28 | &nbsp;&nbsp; 74 | 74259 |
| 4.85%, 05/07/30 | &nbsp;&nbsp; 70 | 71866 |
| 5.13%, 03/27/33 | &nbsp;&nbsp; 210 | 216699 |
| 5.45%, 05/07/35 | &nbsp;&nbsp; 205 | 213803 |
| American National Group, Inc. |  |  |
| 5.00%, 06/15/27 | &nbsp;&nbsp; 175 | 175933 |
| 5.75%, 10/01/29 | &nbsp;&nbsp; 45 | 45903 |
| 6.00%, 07/15/35 | &nbsp;&nbsp; 160 | 158884 |
| Aon Corp. |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 244 | 231408 |
| 3.75%, 05/02/29 | &nbsp;&nbsp; 216 | 214210 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 4.50%, 12/15/28 | &nbsp;&nbsp; $107 | $108464 |
| Aon Corp./Aon Global Holdings PLC |  |  |
| 2.05%, 08/23/31 | &nbsp;&nbsp; 130 | 116045 |
| 2.60%, 12/02/31 | &nbsp;&nbsp; 115 | 104798 |
| 2.85%, 05/28/27 | &nbsp;&nbsp; 250 | 246527 |
| 5.00%, 09/12/32 | &nbsp;&nbsp; 112 | 115283 |
| 5.35%, 02/28/33 | &nbsp;&nbsp; 170 | 177595 |
| Aon North America, Inc. |  |  |
| 5.13%, 03/01/27 | &nbsp;&nbsp; 130 | 131326 |
| 5.15%, 03/01/29 | &nbsp;&nbsp; 265 | 273250 |
| 5.30%, 03/01/31 | &nbsp;&nbsp; 90 | 93966 |
| 5.45%, 03/01/34 | &nbsp;&nbsp; 390 | 407119 |
| Arch Capital Group Ltd., 7.35%, 05/01/34 | &nbsp;&nbsp; 30 | 35166 |
| Arthur J Gallagher & Co. |  |  |
| 2.40%, 11/09/31 | &nbsp;&nbsp; 120 | 107525 |
| 4.60%, 12/15/27 | &nbsp;&nbsp; 245 | 247242 |
| 4.85%, 12/15/29 | &nbsp;&nbsp; 90 | 92194 |
| 5.00%, 02/15/32 | &nbsp;&nbsp; 90 | 91843 |
| 5.15%, 02/15/35 | &nbsp;&nbsp; 325 | 329512 |
| 5.45%, 07/15/34 | &nbsp;&nbsp; 100 | 103708 |
| 5.50%, 03/02/33 | &nbsp;&nbsp; 40 | 41730 |
| 6.50%, 02/15/34 | &nbsp;&nbsp; 120 | 132332 |
| Assurant, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 80 | 71789 |
| 3.70%, 02/22/30 | &nbsp;&nbsp; 110 | 107636 |
| 4.90%, 03/27/28 | &nbsp;&nbsp; 115 | 116489 |
| Assured Guaranty U.S. Holdings, Inc. |  |  |
| 3.15%, 06/15/31 | &nbsp;&nbsp; 195 | 183986 |
| 6.13%, 09/15/28 | &nbsp;&nbsp; 60 | 62844 |
| Athene Holding Ltd. |  |  |
| 3.50%, 01/15/31 | &nbsp;&nbsp; 135 | 127171 |
| 4.13%, 01/12/28 | &nbsp;&nbsp; 285 | 283624 |
| 5.88%, 01/15/34<sup>(a)</sup> | &nbsp;&nbsp; 153 | 155849 |
| 6.15%, 04/03/30 | &nbsp;&nbsp; 149 | 156302 |
| 6.63%, 10/15/54, (5-year CMT + 2.61%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 121051 |
| 6.65%, 02/01/33 | &nbsp;&nbsp; 135 | 144279 |
| 6.88%, 06/28/55, (5-year CMT + 2.58%)<sup>(b)</sup> | &nbsp;&nbsp; 120 | 115593 |
| AXA SA, 8.60%, 12/15/30 | &nbsp;&nbsp; 220 | 258760 |
| Axis Specialty Finance LLC, 3.90%, 07/15/29 | &nbsp;&nbsp; 144 | 143199 |
| Axis Specialty Finance PLC, 4.00%, 12/06/27 | &nbsp;&nbsp; 160 | 159692 |
| Berkshire Hathaway Finance Corp. |  |  |
| 1.45%, 10/15/30 | &nbsp;&nbsp; 166 | 149821 |
| 1.85%, 03/12/30 | &nbsp;&nbsp; 115 | 106684 |
| 2.30%, 03/15/27 | &nbsp;&nbsp; 255 | 251530 |
| 2.88%, 03/15/32 | &nbsp;&nbsp; 230 | 216518 |
| Brighthouse Financial, Inc. |  |  |
| 3.70%, 06/22/27 | &nbsp;&nbsp; 70 | 69093 |
| 5.63%, 05/15/30<sup>(a)</sup> | &nbsp;&nbsp; 170 | 171627 |
| Brown & Brown, Inc. |  |  |
| 2.38%, 03/15/31 | &nbsp;&nbsp; 197 | 177016 |
| 4.20%, 03/17/32 | &nbsp;&nbsp; 150 | 144918 |
| 4.50%, 03/15/29 | &nbsp;&nbsp; 105 | 105573 |
| 4.70%, 06/23/28 | &nbsp;&nbsp; 130 | 131392 |
| 4.90%, 06/23/30 | &nbsp;&nbsp; 110 | 111726 |
| 5.25%, 06/23/32 | &nbsp;&nbsp; 115 | 117149 |
| 5.55%, 06/23/35 | &nbsp;&nbsp; 190 | 194006 |
| 5.65%, 06/11/34 | &nbsp;&nbsp; 125 | 128464 |
| Chubb INA Holdings LLC |  |  |
| 1.38%, 09/15/30 | &nbsp;&nbsp; 265 | 236170 |
| 4.65%, 08/15/29 | &nbsp;&nbsp; 250 | 256383 |
| 4.90%, 08/15/35 | &nbsp;&nbsp; 225 | 228467 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.00%, 03/15/34 | &nbsp;&nbsp; $400 | $411575 |
| Cincinnati Financial Corp. |  |  |
| 6.13%, 11/01/34 | &nbsp;&nbsp; 40 | 43256 |
| 6.92%, 05/15/28 | &nbsp;&nbsp; 129 | 137054 |
| CNA Financial Corp. |  |  |
| 2.05%, 08/15/30 | &nbsp;&nbsp; 155 | 141243 |
| 3.45%, 08/15/27 | &nbsp;&nbsp; 200 | 198371 |
| 3.90%, 05/01/29 | &nbsp;&nbsp; 146 | 144924 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 130 | 132125 |
| 5.20%, 08/15/35 | &nbsp;&nbsp; 135 | 135854 |
| 5.50%, 06/15/33 | &nbsp;&nbsp; 70 | 73268 |
| CNO Financial Group, Inc. |  |  |
| 5.25%, 05/30/29 | &nbsp;&nbsp; 145 | 147408 |
| 6.45%, 06/15/34 | &nbsp;&nbsp; 165 | 172220 |
| Corebridge Financial, Inc. |  |  |
| 3.65%, 04/05/27 | &nbsp;&nbsp; 420 | 417822 |
| 3.85%, 04/05/29 | &nbsp;&nbsp; 315 | 311308 |
| 3.90%, 04/05/32 | &nbsp;&nbsp; 365 | 346681 |
| 5.75%, 01/15/34 | &nbsp;&nbsp; 190 | 196380 |
| 6.05%, 09/15/33 | &nbsp;&nbsp; 120 | 128424 |
| 6.38%, 09/15/54, (5-year CMT + 2.65%)<sup>(b)</sup> | &nbsp;&nbsp; 135 | 135507 |
| Enstar Group Ltd. |  |  |
| 3.10%, 09/01/31 | &nbsp;&nbsp; 170 | 152976 |
| 4.95%, 06/01/29 | &nbsp;&nbsp; 193 | 195751 |
| Equitable Holdings, Inc. |  |  |
| 4.35%, 04/20/28 | &nbsp;&nbsp; 283 | 284275 |
| 5.59%, 01/11/33 | &nbsp;&nbsp; 135 | 140490 |
| 6.70%, 03/28/55, (5-year CMT + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 100 | 104098 |
| Essent Group Ltd., 6.25%, 07/01/29 | &nbsp;&nbsp; 135 | 141600 |
| F&G Annuities & Life, Inc. |  |  |
| 6.25%, 10/04/34 | &nbsp;&nbsp; 115 | 109805 |
| 6.50%, 06/04/29 | &nbsp;&nbsp; 165 | 169705 |
| 7.40%, 01/13/28 | &nbsp;&nbsp; 125 | 129719 |
| Fairfax Financial Holdings Ltd. |  |  |
| 3.38%, 03/03/31 | &nbsp;&nbsp; 80 | 76250 |
| 4.63%, 04/29/30 | &nbsp;&nbsp; 140 | 141614 |
| 4.85%, 04/17/28 | &nbsp;&nbsp; 194 | 197017 |
| 5.63%, 08/16/32 | &nbsp;&nbsp; 220 | 230448 |
| 6.00%, 12/07/33 | &nbsp;&nbsp; 95 | 101465 |
| Fidelity National Financial, Inc. |  |  |
| 2.45%, 03/15/31 | &nbsp;&nbsp; 150 | 134425 |
| 3.40%, 06/15/30 | &nbsp;&nbsp; 160 | 152630 |
| 4.50%, 08/15/28 | &nbsp;&nbsp; 165 | 166182 |
| First American Financial Corp. |  |  |
| 2.40%, 08/15/31 | &nbsp;&nbsp; 175 | 154264 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 100 | 97213 |
| 5.45%, 09/30/34 | &nbsp;&nbsp; 115 | 115659 |
| Globe Life, Inc. |  |  |
| 2.15%, 08/15/30 | &nbsp;&nbsp; 130 | 118818 |
| 4.55%, 09/15/28 | &nbsp;&nbsp; 200 | 201585 |
| 4.80%, 06/15/32 | &nbsp;&nbsp; 115 | 115826 |
| 5.85%, 09/15/34 | &nbsp;&nbsp; 120 | 126087 |
| Hanover Insurance Group, Inc.(The) |  |  |
| 2.50%, 09/01/30 | &nbsp;&nbsp; 109 | 100778 |
| 2.80%, 08/19/29 | &nbsp;&nbsp; 155 | 149035 |
| 5.50%, 09/01/35 | &nbsp;&nbsp; 55 | 56255 |
| Horace Mann Educators Corp. |  |  |
| 4.70%, 10/01/30 | &nbsp;&nbsp; 105 | 105496 |
| 7.25%, 09/15/28 | &nbsp;&nbsp; 75 | 80305 |
| Jackson Financial, Inc. |  |  |
| 3.13%, 11/23/31 | &nbsp;&nbsp; 155 | 141465 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 5.17%, 06/08/27 | &nbsp;&nbsp; $105 | $106321 |
| 5.67%, 06/08/32 | &nbsp;&nbsp; 95 | 97477 |
| Kemper Corp. |  |  |
| 2.40%, 09/30/30 | &nbsp;&nbsp; 130 | 114428 |
| 3.80%, 02/23/32 | &nbsp;&nbsp; 140 | 128591 |
| Lincoln National Corp. |  |  |
| 3.05%, 01/15/30 | &nbsp;&nbsp; 190 | 180882 |
| 3.40%, 01/15/31 | &nbsp;&nbsp; 115 | 108233 |
| 3.40%, 03/01/32 | &nbsp;&nbsp; 60 | 55281 |
| 3.80%, 03/01/28 | &nbsp;&nbsp; 155 | 153669 |
| 5.35%, 11/15/35 | &nbsp;&nbsp; 115 | 112260 |
| 5.85%, 03/15/34 | &nbsp;&nbsp; 80 | 82785 |
| Loews Corp. |  |  |
| 3.20%, 05/15/30 | &nbsp;&nbsp; 185 | 178511 |
| 4.94%, 04/01/36 | &nbsp;&nbsp; 75 | 74751 |
| 6.00%, 02/01/35 | &nbsp;&nbsp; 10 | 10921 |
| Manulife Financial Corp. |  |  |
| 2.48%, 05/19/27 | &nbsp;&nbsp; 185 | 182114 |
| 3.70%, 03/16/32 | &nbsp;&nbsp; 240 | 231682 |
| 4.99%, 12/11/35 | &nbsp;&nbsp; 175 | 175482 |
| Markel Group, Inc. |  |  |
| 3.35%, 09/17/29 | &nbsp;&nbsp; 118 | 114778 |
| 3.50%, 11/01/27 | &nbsp;&nbsp; 140 | 138818 |
| Marsh & McLennan Companies, Inc. |  |  |
| 2.25%, 11/15/30 | &nbsp;&nbsp; 170 | 156039 |
| 2.38%, 12/15/31 | &nbsp;&nbsp; 130 | 117377 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 390 | 394054 |
| 4.55%, 11/08/27 | &nbsp;&nbsp; 325 | 328022 |
| 4.65%, 03/15/30 | &nbsp;&nbsp; 240 | 244743 |
| 4.85%, 11/15/31 | &nbsp;&nbsp; 250 | 257281 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 100 | 100853 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 510 | 518967 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 110 | 113726 |
| 5.40%, 09/15/33 | &nbsp;&nbsp; 150 | 158094 |
| 5.75%, 11/01/32 | &nbsp;&nbsp; 107 | 114601 |
| 5.88%, 08/01/33 | &nbsp;&nbsp; 45 | 48976 |
| Mercury General Corp., 4.40%, 03/15/27 | &nbsp;&nbsp; 105 | 104931 |
| MetLife, Inc. |  |  |
| 4.55%, 03/23/30 | &nbsp;&nbsp; 309 | 315626 |
| 5.30%, 12/15/34 | &nbsp;&nbsp; 70 | 72784 |
| 5.38%, 07/15/33 | &nbsp;&nbsp; 263 | 276784 |
| 5.70%, 06/15/35 | &nbsp;&nbsp; 305 | 325452 |
| 6.38%, 06/15/34 | &nbsp;&nbsp; 175 | 195140 |
| 6.50%, 12/15/32 | &nbsp;&nbsp; 135 | 151728 |
| Series G, 6.35%, 03/15/55, (5-year CMT + <br> 2.08%)<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 208311 |
| MGIC Investment Corp., 5.25%, 08/15/28 | &nbsp;&nbsp; 135 | 134961 |
| NMI Holdings, Inc., 6.00%, 08/15/29 | &nbsp;&nbsp; 65 | 67614 |
| Old Republic International Corp., 5.75%, 03/28/34 | &nbsp;&nbsp; 110 | 115315 |
| PartnerRe Finance B LLC, 3.70%, 07/02/29 | &nbsp;&nbsp; 300 | 295423 |
| Primerica, Inc., 2.80%, 11/19/31 | &nbsp;&nbsp; 165 | 150880 |
| Principal Financial Group, Inc. |  |  |
| 2.13%, 06/15/30 | &nbsp;&nbsp; 165 | 151107 |
| 3.70%, 05/15/29 | &nbsp;&nbsp; 171 | 169173 |
| 5.38%, 03/15/33 | &nbsp;&nbsp; 125 | 130866 |
| Progressive Corp.(The) |  |  |
| 2.50%, 03/15/27 | &nbsp;&nbsp; 160 | 157974 |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 160 | 148458 |
| 3.20%, 03/26/30 | &nbsp;&nbsp; 110 | 106775 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 148 | 148737 |
| 4.95%, 06/15/33 | &nbsp;&nbsp; 130 | 133991 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| 6.25%, 12/01/32 | &nbsp;&nbsp; $105 | $116631 |
| 6.63%, 03/01/29 | &nbsp;&nbsp; 90 | 97027 |
| Prudential Financial, Inc. |  |  |
| 2.10%, 03/10/30<sup>(a)</sup> | &nbsp;&nbsp; 130 | 121494 |
| 3.70%, 10/01/50, (5-year CMT + 3.04%)<sup>(b)</sup> | &nbsp;&nbsp; 125 | 116821 |
| 3.88%, 03/27/28 | &nbsp;&nbsp; 217 | 217156 |
| 4.50%, 09/15/47, (3-mo. SOFR US + 2.64%)<sup>(b)</sup> | &nbsp;&nbsp; 110 | 108510 |
| 5.13%, 03/01/52, (5-year CMT + 3.16%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 196910 |
| 5.20%, 03/14/35 | &nbsp;&nbsp; 165 | 169106 |
| 5.70%, 09/15/48, (3-mo. SOFR US + 2.93%)<sup>(b)</sup> | &nbsp;&nbsp; 210 | 212128 |
| 5.75%, 07/15/33 | &nbsp;&nbsp; 125 | 136717 |
| 6.00%, 09/01/52, (5-year CMT + 3.23%)<sup>(b)</sup> | &nbsp;&nbsp; 315 | 326306 |
| 6.50%, 03/15/54, (5-year CMT + 2.40%)<sup>(b)</sup> | &nbsp;&nbsp; 200 | 210824 |
| 6.75%, 03/01/53, (5-year CMT + 2.85%)<sup>(b)</sup> | &nbsp;&nbsp; 120 | 128613 |
| Prudential Funding Asia PLC |  |  |
| 3.13%, 04/14/30 | &nbsp;&nbsp; 256 | 247115 |
| 3.63%, 03/24/32 | &nbsp;&nbsp; 135 | 130695 |
| Reinsurance Group of America, Inc. |  |  |
| 3.15%, 06/15/30 | &nbsp;&nbsp; 180 | 171768 |
| 3.90%, 05/15/29 | &nbsp;&nbsp; 200 | 198665 |
| 5.75%, 09/15/34 | &nbsp;&nbsp; 175 | 182946 |
| 6.00%, 09/15/33 | &nbsp;&nbsp; 30 | 32070 |
| 6.65%, 09/15/55, (5-year CMT + 2.39%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 155154 |
| RenaissanceRe Finance, Inc., 3.45%, 07/01/27 | &nbsp;&nbsp; 110 | 109009 |
| RenaissanceRe Holdings Ltd. |  |  |
| 3.60%, 04/15/29 | &nbsp;&nbsp; 150 | 147441 |
| 5.75%, 06/05/33 | &nbsp;&nbsp; 170 | 179235 |
| 5.80%, 04/01/35 | &nbsp;&nbsp; 110 | 115187 |
| RLI Corp., 5.38%, 06/01/36 | &nbsp;&nbsp; 75 | 74857 |
| Selective Insurance Group, Inc., 5.90%, 04/15/35 | &nbsp;&nbsp; 60 | 63514 |
| SiriusPoint Ltd., 7.00%, 04/05/29 | &nbsp;&nbsp; 125 | 131703 |
| Stewart Information Services Corp., 3.60%, <br> 11/15/31<br>| &nbsp;&nbsp; 145 | 131096 |
| Travelers Companies, Inc. (The), 5.05%, 07/24/35 | &nbsp;&nbsp; 110 | 112906 |
| Travelers Property Casualty Corp., 6.38%, 03/15/33 | &nbsp;&nbsp; 75 | 84941 |
| Unum Group |  |  |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 100 | 99298 |
| 5.25%, 12/15/35 | &nbsp;&nbsp; 50 | 49565 |
| Willis North America, Inc. |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 203 | 194209 |
| 4.50%, 09/15/28 | &nbsp;&nbsp; 150 | 150950 |
| 4.55%, 03/15/31 | &nbsp;&nbsp; 150 | 150138 |
| 4.65%, 06/15/27 | &nbsp;&nbsp; 235 | 236500 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 70 | 70158 |
| 5.35%, 05/15/33 | &nbsp;&nbsp; 220 | 226621 |
|  |  | 32350847 |
| **Internet — 0.6%** | **Internet — 0.6%** | **Internet — 0.6%** |
| Alibaba Group Holding Ltd. |  |  |
| 2.13%, 02/09/31 | &nbsp;&nbsp; 345 | 316785 |
| 3.40%, 12/06/27<sup>(a)</sup> | &nbsp;&nbsp; 560 | 556413 |
| 4.50%, 11/28/34 | &nbsp;&nbsp; 44 | 44057 |
| 5.25%, 05/26/35 | &nbsp;&nbsp; 250 | 262867 |
| Alphabet, Inc. |  |  |
| 0.80%, 08/15/27 | &nbsp;&nbsp; 320 | 307898 |
| 1.10%, 08/15/30 | &nbsp;&nbsp; 495 | 441182 |
| 3.70%, 02/15/29 | &nbsp;&nbsp; 460 | 460359 |
| 3.88%, 11/15/28 | &nbsp;&nbsp; 125 | 125887 |
| 4.00%, 05/15/30 | &nbsp;&nbsp; 230 | 231591 |
| 4.10%, 11/15/30 | &nbsp;&nbsp; 405 | 408572 |
| 4.10%, 02/15/31 | &nbsp;&nbsp; 430 | 432953 |
| 4.38%, 11/15/32 | &nbsp;&nbsp; 145 | 146951 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 4.40%, 02/15/33 | &nbsp;&nbsp; $350 | $353011 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 340 | 342129 |
| 4.70%, 11/15/35 | &nbsp;&nbsp; 485 | 490971 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 700 | 711389 |
| Amazon.com, Inc. |  |  |
| 1.20%, 06/03/27 | &nbsp;&nbsp; 290 | 281524 |
| 1.50%, 06/03/30 | &nbsp;&nbsp; 454 | 411532 |
| 1.65%, 05/12/28 | &nbsp;&nbsp; 532 | 510094 |
| 2.10%, 05/12/31 | &nbsp;&nbsp; 685 | 623764 |
| 3.15%, 08/22/27 | &nbsp;&nbsp; 882 | 877161 |
| 3.30%, 04/13/27 | &nbsp;&nbsp; 465 | 463430 |
| 3.45%, 04/13/29 | &nbsp;&nbsp; 368 | 365320 |
| 3.60%, 04/13/32 | &nbsp;&nbsp; 595 | 579269 |
| 3.90%, 11/20/28 | &nbsp;&nbsp; 400 | 402218 |
| 4.10%, 11/20/30 | &nbsp;&nbsp; 455 | 458314 |
| 4.35%, 03/20/33 | &nbsp;&nbsp; 345 | 347705 |
| 4.55%, 12/01/27 | &nbsp;&nbsp; 460 | 467130 |
| 4.65%, 12/01/29 | &nbsp;&nbsp; 415 | 427003 |
| 4.65%, 11/20/35 | &nbsp;&nbsp; 520 | 522432 |
| 4.70%, 12/01/32 | &nbsp;&nbsp; 520 | 537663 |
| 4.80%, 12/05/34 | &nbsp;&nbsp; 230 | 238370 |
| AppLovin Corp. |  |  |
| 5.13%, 12/01/29 | &nbsp;&nbsp; 245 | 250218 |
| 5.38%, 12/01/31 | &nbsp;&nbsp; 175 | 180241 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 270 | 275164 |
| Baidu, Inc. |  |  |
| 3.43%, 04/07/30 | &nbsp;&nbsp; 50 | 48987 |
| 3.63%, 07/06/27 | &nbsp;&nbsp; 200 | 199446 |
| 4.38%, 03/29/28 | &nbsp;&nbsp; 55 | 55506 |
| 4.88%, 11/14/28 | &nbsp;&nbsp; 50 | 51195 |
| Booking Holdings, Inc., 3.55%, 03/15/28 | &nbsp;&nbsp; 155 | 153986 |
| eBay, Inc. |  |  |
| 2.60%, 05/10/31 | &nbsp;&nbsp; 215 | 197880 |
| 2.70%, 03/11/30 | &nbsp;&nbsp; 270 | 255866 |
| 3.60%, 06/05/27 | &nbsp;&nbsp; 231 | 230129 |
| 4.25%, 03/06/29 | &nbsp;&nbsp; 115 | 115799 |
| 5.13%, 11/06/35 | &nbsp;&nbsp; 100 | 100967 |
| 5.95%, 11/22/27 | &nbsp;&nbsp; 70 | 72270 |
| 6.30%, 11/22/32 | &nbsp;&nbsp; 110 | 120841 |
| Expedia Group, Inc. |  |  |
| 2.95%, 03/15/31 | &nbsp;&nbsp; 168 | 156177 |
| 3.25%, 02/15/30 | &nbsp;&nbsp; 310 | 297449 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 265 | 263700 |
| 4.63%, 08/01/27 | &nbsp;&nbsp; 230 | 231542 |
| 5.40%, 02/15/35 | &nbsp;&nbsp; 225 | 227133 |
| JD.com, Inc., 3.38%, 01/14/30 | &nbsp;&nbsp; 200 | 196237 |
| Meta Platforms, Inc. |  |  |
| 3.50%, 08/15/27 | &nbsp;&nbsp; 690 | 689423 |
| 3.85%, 08/15/32 | &nbsp;&nbsp; 745 | 730185 |
| 4.20%, 11/15/30 | &nbsp;&nbsp; 530 | 534938 |
| 4.30%, 08/15/29 | &nbsp;&nbsp; 170 | 172695 |
| 4.55%, 08/15/31 | &nbsp;&nbsp; 310 | 317377 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 220 | 224361 |
| 4.60%, 11/15/32 | &nbsp;&nbsp; 300 | 305010 |
| 4.75%, 08/15/34 | &nbsp;&nbsp; 590 | 599410 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 265 | 273739 |
| 4.88%, 11/15/35 | &nbsp;&nbsp; 430 | 433974 |
| 4.95%, 05/15/33 | &nbsp;&nbsp; 500 | 517036 |
| Netflix, Inc. |  |  |
| 4.88%, 04/15/28 | &nbsp;&nbsp; 360 | 367999 |
| 4.90%, 08/15/34 | &nbsp;&nbsp; 290 | 298962 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| 5.88%, 11/15/28 | &nbsp;&nbsp; $510 | $536195 |
| 6.38%, 05/15/29 | &nbsp;&nbsp; 218 | 234170 |
| Tencent Music Entertainment Group, 2.00%, <br> 09/03/30<br>| &nbsp;&nbsp; 200 | 183787 |
| Uber Technologies, Inc. |  |  |
| 4.15%, 01/15/31 | &nbsp;&nbsp; 165 | 164366 |
| 4.30%, 01/15/30 | &nbsp;&nbsp; 345 | 347093 |
| 4.80%, 09/15/34 | &nbsp;&nbsp; 405 | 406087 |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 220 | 218512 |
| VeriSign, Inc. |  |  |
| 2.70%, 06/15/31 | &nbsp;&nbsp; 195 | 177635 |
| 4.75%, 07/15/27 | &nbsp;&nbsp; 210 | 210038 |
| 5.25%, 06/01/32 | &nbsp;&nbsp; 10 | 10223 |
| Weibo Corp., 3.38%, 07/08/30 | &nbsp;&nbsp; 200 | 192091 |
|  |  | 24971983 |
| **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** | **Iron & Steel — 0.1%** |
| ArcelorMittal SA |  |  |
| 4.25%, 07/16/29 | &nbsp;&nbsp; 120 | 120604 |
| 6.00%, 06/17/34<sup>(a)</sup> | &nbsp;&nbsp; 105 | 113697 |
| 6.55%, 11/29/27 | &nbsp;&nbsp; 280 | 290957 |
| 6.80%, 11/29/32 | &nbsp;&nbsp; 225 | 255145 |
| Gerdau Trade, Inc., 5.75%, 06/09/35 | &nbsp;&nbsp; 45 | 46765 |
| Nucor Corp. |  |  |
| 2.70%, 06/01/30 | &nbsp;&nbsp; 170 | 161246 |
| 3.13%, 04/01/32 | &nbsp;&nbsp; 165 | 155011 |
| 3.95%, 05/01/28 | &nbsp;&nbsp; 157 | 157386 |
| 4.30%, 05/23/27 | &nbsp;&nbsp; 155 | 155964 |
| 4.65%, 06/01/30 | &nbsp;&nbsp; 125 | 127918 |
| 5.10%, 06/01/35 | &nbsp;&nbsp; 100 | 103301 |
| Reliance, Inc., 2.15%, 08/15/30 | &nbsp;&nbsp; 90 | 82421 |
| Steel Dynamics, Inc. |  |  |
| 1.65%, 10/15/27 | &nbsp;&nbsp; 60 | 57875 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 105 | 100473 |
| 3.45%, 04/15/30 | &nbsp;&nbsp; 147 | 142971 |
| 4.00%, 12/15/28 | &nbsp;&nbsp; 115 | 115074 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 155 | 158985 |
| 5.38%, 08/15/34 | &nbsp;&nbsp; 175 | 181830 |
| Vale Overseas Ltd. |  |  |
| 3.75%, 07/08/30 | &nbsp;&nbsp; 320 | 310156 |
| 6.13%, 06/12/33 | &nbsp;&nbsp; 315 | 339151 |
|  |  | 3176930 |
| **Leisure Time — 0.0%** | **Leisure Time — 0.0%** | **Leisure Time — 0.0%** |
| Brunswick Corp. |  |  |
| 2.40%, 08/18/31 | &nbsp;&nbsp; 125 | 111098 |
| 4.40%, 09/15/32 | &nbsp;&nbsp; 128 | 124400 |
| Brunswick Corp/DE, 5.85%, 03/18/29<sup>(a)</sup> | &nbsp;&nbsp; 110 | 114349 |
| Polaris, Inc. |  |  |
| 5.60%, 03/01/31 | &nbsp;&nbsp; 100 | 101753 |
| 6.95%, 03/15/29 | &nbsp;&nbsp; 115 | 121949 |
| Royal Caribbean Cruises Ltd. |  |  |
| 3.70%, 03/15/28 | &nbsp;&nbsp; 10 | 9938 |
| 4.75%, 05/15/33 | &nbsp;&nbsp; 175 | 176276 |
| 5.38%, 01/15/36 | &nbsp;&nbsp; 345 | 352213 |
| 7.50%, 10/15/27 | &nbsp;&nbsp; 10 | 10532 |
|  |  | 1122508 |
| **Lodging — 0.2%** | **Lodging — 0.2%** | **Lodging — 0.2%** |
| Choice Hotels International, Inc. |  |  |
| 3.70%, 12/01/29 | &nbsp;&nbsp; 105 | 102663 |
| 3.70%, 01/15/31 | &nbsp;&nbsp; 115 | 110794 |
| 5.85%, 08/01/34 | &nbsp;&nbsp; 130 | 134781 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| Hyatt Hotels Corp. |  |  |
| 4.38%, 09/15/28 | &nbsp;&nbsp; $120 | $120654 |
| 5.05%, 03/30/28 | &nbsp;&nbsp; 135 | 137697 |
| 5.25%, 06/30/29 | &nbsp;&nbsp; 105 | 108466 |
| 5.38%, 12/15/31 | &nbsp;&nbsp; 140 | 144991 |
| 5.40%, 12/15/35 | &nbsp;&nbsp; 90 | 91839 |
| 5.50%, 06/30/34 | &nbsp;&nbsp; 85 | 88604 |
| 5.75%, 04/23/30 | &nbsp;&nbsp; 130 | 136579 |
| 5.75%, 03/30/32 | &nbsp;&nbsp; 100 | 105503 |
| Las Vegas Sands Corp. |  |  |
| 3.90%, 08/08/29 | &nbsp;&nbsp; 190 | 186000 |
| 5.63%, 06/15/28 | &nbsp;&nbsp; 140 | 143393 |
| 5.90%, 06/01/27 | &nbsp;&nbsp; 195 | 198348 |
| 6.00%, 08/15/29 | &nbsp;&nbsp; 170 | 177853 |
| 6.00%, 06/14/30 | &nbsp;&nbsp; 70 | 73497 |
| 6.20%, 08/15/34 | &nbsp;&nbsp; 125 | 132000 |
| Marriott International, Inc./MD |  |  |
| 4.20%, 07/15/27 | &nbsp;&nbsp; 115 | 115512 |
| 4.50%, 10/15/31 | &nbsp;&nbsp; 145 | 146513 |
| 4.50%, 05/01/33 | &nbsp;&nbsp; 75 | 74792 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 105 | 107739 |
| 4.88%, 05/15/29 | &nbsp;&nbsp; 100 | 102560 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 200 | 204891 |
| 5.00%, 10/15/27 | &nbsp;&nbsp; 240 | 243882 |
| 5.10%, 04/15/32 | &nbsp;&nbsp; 105 | 109108 |
| 5.25%, 10/15/35 | &nbsp;&nbsp; 105 | 107585 |
| 5.30%, 05/15/34 | &nbsp;&nbsp; 235 | 243973 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 205 | 212547 |
| 5.55%, 10/15/28 | &nbsp;&nbsp; 205 | 212813 |
| Series AA, 4.65%, 12/01/28 | &nbsp;&nbsp; 35 | 35552 |
| Series FF, 4.63%, 06/15/30 | &nbsp;&nbsp; 275 | 280069 |
| Series GG, 3.50%, 10/15/32 | &nbsp;&nbsp; 240 | 226397 |
| Series HH, 2.85%, 04/15/31 | &nbsp;&nbsp; 265 | 248032 |
| Series II, 2.75%, 10/15/33 | &nbsp;&nbsp; 140 | 123983 |
| Series X, 4.00%, 04/15/28 | &nbsp;&nbsp; 130 | 130261 |
| Sands China Ltd. |  |  |
| 2.30%, 03/08/27 | &nbsp;&nbsp; 50 | 49080 |
| 2.85%, 03/08/29 | &nbsp;&nbsp; 207 | 197952 |
| 3.25%, 08/08/31 | &nbsp;&nbsp; 164 | 152599 |
| 4.38%, 06/18/30 | &nbsp;&nbsp; 50 | 49452 |
| 5.40%, 08/08/28 | &nbsp;&nbsp; 315 | 321592 |
|  |  | 5890546 |
| **Machinery — 0.4%** | **Machinery — 0.4%** | **Machinery — 0.4%** |
| AGCO Corp. |  |  |
| 5.45%, 03/21/27 | &nbsp;&nbsp; 105 | 106245 |
| 5.80%, 03/21/34 | &nbsp;&nbsp; 140 | 148001 |
| Caterpillar Financial Services Corp. |  |  |
| 1.10%, 09/14/27 | &nbsp;&nbsp; 190 | 182964 |
| 3.60%, 08/12/27 | &nbsp;&nbsp; 190 | 189942 |
| 3.70%, 01/10/28 | &nbsp;&nbsp; 80 | 80175 |
| 3.75%, 02/23/29 | &nbsp;&nbsp; 125 | 125086 |
| 3.95%, 11/14/28 | &nbsp;&nbsp; 175 | 175896 |
| 4.15%, 01/08/31 | &nbsp;&nbsp; 85 | 85692 |
| 4.38%, 08/16/29 | &nbsp;&nbsp; 115 | 117166 |
| 4.40%, 10/15/27 | &nbsp;&nbsp; 165 | 166885 |
| 4.40%, 03/03/28 | &nbsp;&nbsp; 110 | 111527 |
| 4.60%, 11/15/27 | &nbsp;&nbsp; 250 | 253803 |
| 4.70%, 11/15/29 | &nbsp;&nbsp; 260 | 267878 |
| 4.80%, 01/08/30 | &nbsp;&nbsp; 95 | 98636 |
| 4.85%, 02/27/29 | &nbsp;&nbsp; 165 | 170349 |
| 5.00%, 05/14/27 | &nbsp;&nbsp; 195 | 198053 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Series K, 4.10%, 08/15/28 | &nbsp;&nbsp; $100 | $100879 |
| Caterpillar, Inc. |  |  |
| 1.90%, 03/12/31 | &nbsp;&nbsp; 75 | 68152 |
| 2.60%, 09/19/29 | &nbsp;&nbsp; 149 | 143247 |
| 2.60%, 04/09/30 | &nbsp;&nbsp; 170 | 162107 |
| 5.20%, 05/15/35 | &nbsp;&nbsp; 275 | 288091 |
| CNH Industrial Capital LLC |  |  |
| 4.38%, 03/07/31 | &nbsp;&nbsp; 60 | 59926 |
| 4.50%, 10/08/27 | &nbsp;&nbsp; 130 | 130886 |
| 4.50%, 10/16/30 | &nbsp;&nbsp; 120 | 120903 |
| 4.55%, 04/10/28 | &nbsp;&nbsp; 155 | 156499 |
| 4.75%, 03/21/28 | &nbsp;&nbsp; 115 | 116542 |
| 5.10%, 04/20/29 | &nbsp;&nbsp; 125 | 128545 |
| 5.50%, 01/12/29 | &nbsp;&nbsp; 120 | 124500 |
| CNH Industrial NV, 3.85%, 11/15/27 | &nbsp;&nbsp; 142 | 141681 |
| Deere & Co. |  |  |
| 3.10%, 04/15/30 | &nbsp;&nbsp; 140 | 135902 |
| 5.38%, 10/16/29 | &nbsp;&nbsp; 120 | 126479 |
| 5.45%, 01/16/35 | &nbsp;&nbsp; 215 | 229530 |
| 7.13%, 03/03/31 | &nbsp;&nbsp; 85 | 97394 |
| Deere Funding Canada Corp., 4.15%, 10/09/30 | &nbsp;&nbsp; 90 | 90555 |
| Dover Corp. |  |  |
| 2.95%, 11/04/29 | &nbsp;&nbsp; 105 | 101184 |
| 5.38%, 10/15/35 | &nbsp;&nbsp; 5 | 5346 |
| Eaton Capital ULC, 4.45%, 05/09/30 | &nbsp;&nbsp; 200 | 203367 |
| Flowserve Corp. |  |  |
| 2.80%, 01/15/32 | &nbsp;&nbsp; 136 | 123702 |
| 3.50%, 10/01/30 | &nbsp;&nbsp; 145 | 139975 |
| GE Vernova, Inc. |  |  |
| 4.25%, 02/04/31 | &nbsp;&nbsp; 100 | 100712 |
| 4.88%, 02/04/36 | &nbsp;&nbsp; 160 | 162005 |
| IDEX Corp. |  |  |
| 2.63%, 06/15/31 | &nbsp;&nbsp; 155 | 142229 |
| 3.00%, 05/01/30 | &nbsp;&nbsp; 150 | 143656 |
| 4.95%, 09/01/29 | &nbsp;&nbsp; 45 | 46214 |
| Ingersoll Rand, Inc. |  |  |
| 5.18%, 06/15/29 | &nbsp;&nbsp; 155 | 160631 |
| 5.20%, 06/15/27 | &nbsp;&nbsp; 185 | 187630 |
| 5.31%, 06/15/31 | &nbsp;&nbsp; 130 | 136522 |
| 5.40%, 08/14/28 | &nbsp;&nbsp; 130 | 134345 |
| 5.45%, 06/15/34 | &nbsp;&nbsp; 165 | 173004 |
| 5.70%, 08/14/33 | &nbsp;&nbsp; 230 | 245733 |
| John Deere Capital Corp. |  |  |
| 1.45%, 01/15/31 | &nbsp;&nbsp; 160 | 142733 |
| 1.50%, 03/06/28 | &nbsp;&nbsp; 105 | 100767 |
| 1.75%, 03/09/27 | &nbsp;&nbsp; 115 | 112787 |
| 2.00%, 06/17/31 | &nbsp;&nbsp; 175 | 158269 |
| 2.35%, 03/08/27 | &nbsp;&nbsp; 125 | 123342 |
| 2.45%, 01/09/30<sup>(a)</sup> | &nbsp;&nbsp; 125 | 119224 |
| 2.80%, 09/08/27 | &nbsp;&nbsp; 130 | 128366 |
| 2.80%, 07/18/29 | &nbsp;&nbsp; 155 | 150109 |
| 3.05%, 01/06/28 | &nbsp;&nbsp; 105 | 103909 |
| 3.35%, 04/18/29 | &nbsp;&nbsp; 150 | 148057 |
| 3.45%, 03/07/29 | &nbsp;&nbsp; 148 | 146741 |
| 3.90%, 06/07/32 | &nbsp;&nbsp; 120 | 118922 |
| 4.15%, 09/15/27 | &nbsp;&nbsp; 220 | 221656 |
| 4.20%, 07/15/27 | &nbsp;&nbsp; 180 | 181334 |
| 4.35%, 09/15/32 | &nbsp;&nbsp; 170 | 172081 |
| 4.38%, 10/15/30 | &nbsp;&nbsp; 130 | 132248 |
| 4.40%, 09/08/31 | &nbsp;&nbsp; 210 | 214058 |
| 4.50%, 01/16/29 | &nbsp;&nbsp; 250 | 255548 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| 4.65%, 01/07/28 | &nbsp;&nbsp; $105 | $106934 |
| 4.70%, 06/10/30 | &nbsp;&nbsp; 230 | 237181 |
| 4.75%, 01/20/28 | &nbsp;&nbsp; 270 | 275572 |
| 4.85%, 03/05/27 | &nbsp;&nbsp; 95 | 96085 |
| 4.85%, 06/11/29 | &nbsp;&nbsp; 185 | 190968 |
| 4.85%, 10/11/29 | &nbsp;&nbsp; 100 | 103851 |
| 4.90%, 06/11/27 | &nbsp;&nbsp; 175 | 177744 |
| 4.90%, 03/03/28 | &nbsp;&nbsp; 125 | 128069 |
| 4.90%, 03/07/31 | &nbsp;&nbsp; 210 | 218742 |
| 4.95%, 07/14/28 | &nbsp;&nbsp; 300 | 308308 |
| 5.10%, 04/11/34 | &nbsp;&nbsp; 215 | 224742 |
| 5.15%, 09/08/33 | &nbsp;&nbsp; 150 | 158514 |
| Series 1, 5.05%, 06/12/34 | &nbsp;&nbsp; 200 | 208440 |
| Series I, 4.25%, 06/05/28 | &nbsp;&nbsp; 180 | 182373 |
| Series I, 4.55%, 06/05/30 | &nbsp;&nbsp; 175 | 179306 |
| Nordson Corp. |  |  |
| 4.50%, 12/15/29 | &nbsp;&nbsp; 170 | 172329 |
| 5.60%, 09/15/28 | &nbsp;&nbsp; 110 | 113817 |
| 5.80%, 09/15/33 | &nbsp;&nbsp; 120 | 128290 |
| nVent Finance SARL |  |  |
| 2.75%, 11/15/31 | &nbsp;&nbsp; 95 | 86198 |
| 4.55%, 04/15/28 | &nbsp;&nbsp; 128 | 129022 |
| 5.65%, 05/15/33 | &nbsp;&nbsp; 130 | 137177 |
| Oshkosh Corp. |  |  |
| 3.10%, 03/01/30 | &nbsp;&nbsp; 85 | 81693 |
| 4.60%, 05/15/28 | &nbsp;&nbsp; 75 | 75739 |
| Otis Worldwide Corp. |  |  |
| 2.29%, 04/05/27 | &nbsp;&nbsp; 140 | 137756 |
| 2.57%, 02/15/30 | &nbsp;&nbsp; 394 | 372318 |
| 5.13%, 11/19/31 | &nbsp;&nbsp; 45 | 47061 |
| 5.13%, 09/04/35 | &nbsp;&nbsp; 45 | 46299 |
| 5.25%, 08/16/28 | &nbsp;&nbsp; 210 | 216587 |
| Regal Rexnord Corp. |  |  |
| 6.05%, 04/15/28 | &nbsp;&nbsp; 240 | 248864 |
| 6.30%, 02/15/30 | &nbsp;&nbsp; 235 | 251031 |
| 6.40%, 04/15/33 | &nbsp;&nbsp; 270 | 293995 |
| Rockwell Automation, Inc. |  |  |
| 1.75%, 08/15/31 | &nbsp;&nbsp; 125 | 110714 |
| 3.50%, 03/01/29 | &nbsp;&nbsp; 145 | 143380 |
| Vertiv Holdings Co., 4.85%, 03/15/36 | &nbsp;&nbsp; 55 | 54786 |
| Westinghouse Air Brake Technologies Corp. |  |  |
| 4.70%, 09/15/28 | &nbsp;&nbsp; 293 | 297564 |
| 4.90%, 05/29/30 | &nbsp;&nbsp; 105 | 108102 |
| 5.50%, 05/29/35 | &nbsp;&nbsp; 120 | 126291 |
| 5.61%, 03/11/34 | &nbsp;&nbsp; 45 | 47731 |
| Xylem, Inc. |  |  |
| 1.95%, 01/30/28 | &nbsp;&nbsp; 151 | 145756 |
| 2.25%, 01/30/31<sup>(a)</sup> | &nbsp;&nbsp; 170 | 155437 |
|  |  | 16361288 |
| **Manufacturing — 0.1%** | **Manufacturing — 0.1%** | **Manufacturing — 0.1%** |
| 3M Co. |  |  |
| 2.38%, 08/26/29 | &nbsp;&nbsp; 218 | 206959 |
| 2.88%, 10/15/27 | &nbsp;&nbsp; 221 | 218000 |
| 3.05%, 04/15/30 | &nbsp;&nbsp; 157 | 151157 |
| 3.38%, 03/01/29 | &nbsp;&nbsp; 206 | 202893 |
| 3.63%, 09/14/28 | &nbsp;&nbsp; 163 | 162207 |
| 4.80%, 03/15/30 | &nbsp;&nbsp; 150 | 154201 |
| 5.15%, 03/15/35 | &nbsp;&nbsp; 115 | 118774 |
| Eaton Corp. |  |  |
| 3.10%, 09/15/27 | &nbsp;&nbsp; 215 | 213135 |
| 4.00%, 11/02/32 | &nbsp;&nbsp; 165 | 163780 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Manufacturing (continued)** | **Manufacturing (continued)** | **Manufacturing (continued)** |
| 4.15%, 03/15/33 | &nbsp;&nbsp; $295 | $293961 |
| 4.35%, 05/18/28 | &nbsp;&nbsp; 130 | 131599 |
| Parker-Hannifin Corp. |  |  |
| 3.25%, 03/01/27 | &nbsp;&nbsp; 162 | 161174 |
| 3.25%, 06/14/29 | &nbsp;&nbsp; 239 | 234256 |
| 4.20%, 11/21/34 | &nbsp;&nbsp; 40 | 39479 |
| 4.25%, 09/15/27 | &nbsp;&nbsp; 310 | 311937 |
| 4.50%, 09/15/29 | &nbsp;&nbsp; 255 | 259600 |
| Pentair Finance SARL |  |  |
| 4.50%, 07/01/29 | &nbsp;&nbsp; 100 | 100945 |
| 5.90%, 07/15/32 | &nbsp;&nbsp; 117 | 125400 |
| Teledyne Technologies, Inc. |  |  |
| 2.25%, 04/01/28 | &nbsp;&nbsp; 170 | 164454 |
| 2.75%, 04/01/31 | &nbsp;&nbsp; 288 | 269161 |
| Textron, Inc. |  |  |
| 2.45%, 03/15/31 | &nbsp;&nbsp; 180 | 164973 |
| 3.00%, 06/01/30 | &nbsp;&nbsp; 145 | 138783 |
| 3.38%, 03/01/28 | &nbsp;&nbsp; 85 | 84111 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 70 | 69766 |
| 3.90%, 09/17/29 | &nbsp;&nbsp; 93 | 92471 |
| 4.95%, 03/15/36 | &nbsp;&nbsp; 50 | 50279 |
| 5.50%, 05/15/35 | &nbsp;&nbsp; 120 | 126120 |
| 6.10%, 11/15/33 | &nbsp;&nbsp; 85 | 92958 |
|  |  | 4502533 |
| **Media — 0.4%** | **Media — 0.4%** | **Media — 0.4%** |
| Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| 2.25%, 01/15/29 | &nbsp;&nbsp; 320 | 302046 |
| 2.30%, 02/01/32<sup>(a)</sup> | &nbsp;&nbsp; 230 | 200699 |
| 2.80%, 04/01/31 | &nbsp;&nbsp; 420 | 381830 |
| 3.75%, 02/15/28 | &nbsp;&nbsp; 251 | 248731 |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 300 | 299644 |
| 4.40%, 04/01/33 | &nbsp;&nbsp; 235 | 223673 |
| 5.05%, 03/30/29 | &nbsp;&nbsp; 316 | 320801 |
| 5.85%, 12/01/35 | &nbsp;&nbsp; 435 | 437696 |
| 6.10%, 06/01/29 | &nbsp;&nbsp; 335 | 351014 |
| 6.38%, 10/23/35 | &nbsp;&nbsp; 245 | 255803 |
| 6.55%, 06/01/34 | &nbsp;&nbsp; 345 | 366748 |
| 6.65%, 02/01/34 | &nbsp;&nbsp; 235 | 249713 |
| Comcast Corp. |  |  |
| 1.50%, 02/15/31 | &nbsp;&nbsp; 445 | 392732 |
| 1.95%, 01/15/31 | &nbsp;&nbsp; 380 | 343469 |
| 2.65%, 02/01/30 | &nbsp;&nbsp; 390 | 370962 |
| 3.15%, 02/15/28 | &nbsp;&nbsp; 462 | 456712 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 270 | 268561 |
| 3.40%, 04/01/30 | &nbsp;&nbsp; 348 | 340231 |
| 3.55%, 05/01/28 | &nbsp;&nbsp; 223 | 221866 |
| 4.15%, 10/15/28 | &nbsp;&nbsp; 951 | 958066 |
| 4.20%, 08/15/34 | &nbsp;&nbsp; 265 | 256890 |
| 4.25%, 10/15/30 | &nbsp;&nbsp; 338 | 340839 |
| 4.25%, 01/15/33 | &nbsp;&nbsp; 407 | 402851 |
| 4.40%, 08/15/35 | &nbsp;&nbsp; 35 | 33944 |
| 4.55%, 01/15/29 | &nbsp;&nbsp; 200 | 203969 |
| 4.65%, 02/15/33 | &nbsp;&nbsp; 255 | 258996 |
| 4.80%, 05/15/33 | &nbsp;&nbsp; 232 | 236668 |
| 4.95%, 05/15/32 | &nbsp;&nbsp; 155 | 160246 |
| 5.10%, 06/01/29 | &nbsp;&nbsp; 260 | 269677 |
| 5.30%, 06/01/34 | &nbsp;&nbsp; 240 | 250582 |
| 5.30%, 05/15/35<sup>(a)</sup> | &nbsp;&nbsp; 195 | 203962 |
| 5.50%, 11/15/32 | &nbsp;&nbsp; 250 | 266792 |
| 5.65%, 06/15/35 | &nbsp;&nbsp; 25 | 26627 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| 6.50%, 11/15/35 | &nbsp;&nbsp; $205 | $231137 |
| 7.05%, 03/15/33 | &nbsp;&nbsp; 155 | 178903 |
| FactSet Research Systems, Inc. |  |  |
| 2.90%, 03/01/27 | &nbsp;&nbsp; 100 | 98624 |
| 3.45%, 03/01/32 | &nbsp;&nbsp; 125 | 114517 |
| Fox Corp. |  |  |
| 3.50%, 04/08/30 | &nbsp;&nbsp; 195 | 190025 |
| 4.71%, 01/25/29 | &nbsp;&nbsp; 435 | 441573 |
| 6.50%, 10/13/33 | &nbsp;&nbsp; 300 | 328907 |
| Paramount Global |  |  |
| 3.38%, 02/15/28 | &nbsp;&nbsp; 95 | 91667 |
| 3.70%, 06/01/28 | &nbsp;&nbsp; 50 | 48510 |
| 4.20%, 06/01/29 | &nbsp;&nbsp; 110 | 105836 |
| 4.20%, 05/19/32 | &nbsp;&nbsp; 210 | 184929 |
| 4.95%, 01/15/31 | &nbsp;&nbsp; 266 | 248794 |
| 5.50%, 05/15/33 | &nbsp;&nbsp; 95 | 85601 |
| 7.88%, 07/30/30 | &nbsp;&nbsp; 170 | 179045 |
| TCI Communications, Inc., 7.13%, 02/15/28 | &nbsp;&nbsp; 85 | 90212 |
| Time Warner Cable Enterprises LLC, 8.38%, <br> 07/15/33<br>| &nbsp;&nbsp; 175 | 204970 |
| TWDC Enterprises 18 Corp. |  |  |
| 2.95%, 06/15/27 | &nbsp;&nbsp; 275 | 272730 |
| Series B, 7.00%, 03/01/32 | &nbsp;&nbsp; 150 | 171949 |
| Walt Disney Co.(The) |  |  |
| 2.00%, 09/01/29 | &nbsp;&nbsp; 221 | 208386 |
| 2.20%, 01/13/28 | &nbsp;&nbsp; 276 | 269378 |
| 2.65%, 01/13/31 | &nbsp;&nbsp; 620 | 587089 |
| 3.70%, 03/23/27 | &nbsp;&nbsp; 170 | 170052 |
| 3.75%, 03/14/29 | &nbsp;&nbsp; 325 | 325181 |
| 3.80%, 03/22/30 | &nbsp;&nbsp; 397 | 396511 |
| 4.00%, 03/14/31 | &nbsp;&nbsp; 325 | 325651 |
| 4.63%, 03/14/36 | &nbsp;&nbsp; 225 | 224265 |
| 6.20%, 12/15/34 | &nbsp;&nbsp; 255 | 288342 |
| 6.55%, 03/15/33 | &nbsp;&nbsp; 90 | 102444 |
|  |  | 16068268 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Timken Co.(The) |  |  |
| 4.13%, 04/01/32 | &nbsp;&nbsp; 110 | 107156 |
| 4.50%, 12/15/28 | &nbsp;&nbsp; 120 | 121045 |
|  |  | 228201 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| AngloGold Ashanti Holdings PLC |  |  |
| 3.38%, 11/01/28 | &nbsp;&nbsp; 45 | 43794 |
| 3.75%, 10/01/30 | &nbsp;&nbsp; 200 | 193320 |
| BHP Billiton Finance USA Ltd. |  |  |
| 4.75%, 02/28/28 | &nbsp;&nbsp; 270 | 274998 |
| 4.90%, 02/28/33 | &nbsp;&nbsp; 160 | 164602 |
| 5.00%, 02/21/30 | &nbsp;&nbsp; 250 | 259137 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 40 | 41126 |
| 5.10%, 09/08/28 | &nbsp;&nbsp; 160 | 164813 |
| 5.13%, 02/21/32 | &nbsp;&nbsp; 195 | 203911 |
| 5.25%, 09/08/30 | &nbsp;&nbsp; 220 | 230826 |
| 5.25%, 09/08/33 | &nbsp;&nbsp; 365 | 382710 |
| 5.30%, 02/21/35 | &nbsp;&nbsp; 285 | 298881 |
| Freeport-McMoRan, Inc. |  |  |
| 4.13%, 03/01/28 | &nbsp;&nbsp; 150 | 149886 |
| 4.25%, 03/01/30 | &nbsp;&nbsp; 135 | 135203 |
| 4.38%, 08/01/28 | &nbsp;&nbsp; 105 | 105135 |
| 4.63%, 08/01/30 | &nbsp;&nbsp; 178 | 180049 |
| 5.00%, 09/01/27 | &nbsp;&nbsp; 153 | 153134 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| 5.25%, 09/01/29 | &nbsp;&nbsp; $165 | $167488 |
| 5.40%, 11/14/34 | &nbsp;&nbsp; 35 | 36559 |
| Kinross Gold Corp., 6.25%, 07/15/33 | &nbsp;&nbsp; 125 | 137497 |
| Newmont Corp. |  |  |
| 2.60%, 07/15/32 | &nbsp;&nbsp; 245 | 224856 |
| 5.88%, 04/01/35 | &nbsp;&nbsp; 15 | 16286 |
| Newmont Corp./Newcrest Finance Pty. Ltd. |  |  |
| 3.25%, 05/13/30 | &nbsp;&nbsp; 110 | 107042 |
| 5.35%, 03/15/34 | &nbsp;&nbsp; 280 | 295950 |
| Rio Tinto Alcan, Inc. |  |  |
| 5.75%, 06/01/35 | &nbsp;&nbsp; 57 | 61423 |
| 6.13%, 12/15/33 | &nbsp;&nbsp; 100 | 110336 |
| 7.25%, 03/15/31 | &nbsp;&nbsp; 140 | 160085 |
| Rio Tinto Finance USA Ltd., 7.13%, 07/15/28 | &nbsp;&nbsp; 205 | 220162 |
| Rio Tinto Finance USA PLC |  |  |
| 4.38%, 03/12/27<sup>(a)</sup> | &nbsp;&nbsp; 115 | 115854 |
| 4.50%, 03/14/28 | &nbsp;&nbsp; 135 | 136886 |
| 4.88%, 03/14/30 | &nbsp;&nbsp; 260 | 268507 |
| 5.00%, 03/14/32 | &nbsp;&nbsp; 180 | 187084 |
| 5.00%, 03/09/33 | &nbsp;&nbsp; 230 | 238624 |
| 5.25%, 03/14/35 | &nbsp;&nbsp; 490 | 512070 |
| Yamana Gold, Inc., 2.63%, 08/15/31 | &nbsp;&nbsp; 149 | 136285 |
|  |  | 6114519 |
| **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** |
| CDW LLC/CDW Finance Corp. |  |  |
| 3.25%, 02/15/29 | &nbsp;&nbsp; 185 | 178677 |
| 3.28%, 12/01/28 | &nbsp;&nbsp; 135 | 131693 |
| 3.57%, 12/01/31 | &nbsp;&nbsp; 245 | 228935 |
| 4.25%, 04/01/28 | &nbsp;&nbsp; 185 | 184269 |
| 5.10%, 03/01/30 | &nbsp;&nbsp; 85 | 86398 |
| 5.55%, 08/22/34 | &nbsp;&nbsp; 145 | 145995 |
|  |  | 955967 |
| **Oil & Gas — 0.9%** | **Oil & Gas — 0.9%** | **Oil & Gas — 0.9%** |
| Antero Resources Corp., 5.40%, 02/01/36 | &nbsp;&nbsp; 75 | 75075 |
| APA Corp. |  |  |
| 4.25%, 01/15/30 | &nbsp;&nbsp; 110 | 109258 |
| 6.10%, 02/15/35 | &nbsp;&nbsp; 85 | 88957 |
| BP Capital Markets America, Inc. |  |  |
| 1.75%, 08/10/30 | &nbsp;&nbsp; 235 | 213655 |
| 2.72%, 01/12/32 | &nbsp;&nbsp; 430 | 397641 |
| 3.54%, 04/06/27 | &nbsp;&nbsp; 140 | 139671 |
| 3.59%, 04/14/27 | &nbsp;&nbsp; 168 | 167787 |
| 3.63%, 04/06/30 | &nbsp;&nbsp; 279 | 276007 |
| 3.94%, 09/21/28 | &nbsp;&nbsp; 285 | 285979 |
| 4.23%, 11/06/28 | &nbsp;&nbsp; 431 | 435413 |
| 4.70%, 04/10/29 | &nbsp;&nbsp; 255 | 261266 |
| 4.81%, 02/13/33 | &nbsp;&nbsp; 545 | 558485 |
| 4.87%, 11/25/29 | &nbsp;&nbsp; 155 | 160010 |
| 4.89%, 09/11/33 | &nbsp;&nbsp; 365 | 374734 |
| 4.97%, 10/17/29 | &nbsp;&nbsp; 195 | 201892 |
| 4.99%, 04/10/34 | &nbsp;&nbsp; 220 | 227174 |
| 5.02%, 11/17/27 | &nbsp;&nbsp; 275 | 280578 |
| 5.23%, 11/17/34 | &nbsp;&nbsp; 440 | 460458 |
| BP Capital Markets PLC |  |  |
| 3.28%, 09/19/27 | &nbsp;&nbsp; 365 | 362889 |
| 3.72%, 11/28/28 | &nbsp;&nbsp; 228 | 227581 |
| Burlington Resources LLC, 7.20%, 08/15/31 | &nbsp;&nbsp; 115 | 131872 |
| Canadian Natural Resources Ltd. |  |  |
| 2.95%, 07/15/30 | &nbsp;&nbsp; 195 | 186236 |
| 3.85%, 06/01/27 | &nbsp;&nbsp; 318 | 317560 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 5.00%, 12/15/29 | &nbsp;&nbsp; $105 | $108250 |
| 5.40%, 12/15/34 | &nbsp;&nbsp; 245 | 253812 |
| 5.85%, 02/01/35 | &nbsp;&nbsp; 40 | 42794 |
| 6.45%, 06/30/33 | &nbsp;&nbsp; 90 | 99259 |
| 7.20%, 01/15/32 | &nbsp;&nbsp; 100 | 113066 |
| Cenovus Energy, Inc. |  |  |
| 2.65%, 01/15/32 | &nbsp;&nbsp; 135 | 122552 |
| 4.65%, 03/20/31 | &nbsp;&nbsp; 120 | 121466 |
| 5.40%, 03/20/36 | &nbsp;&nbsp; 90 | 91592 |
| Chevron Corp. |  |  |
| 2.00%, 05/11/27 | &nbsp;&nbsp; 260 | 255164 |
| 2.24%, 05/11/30 | &nbsp;&nbsp; 353 | 331293 |
| Chevron USA, Inc. |  |  |
| 1.02%, 08/12/27 | &nbsp;&nbsp; 195 | 187992 |
| 3.25%, 10/15/29 | &nbsp;&nbsp; 165 | 162434 |
| 3.85%, 01/15/28 | &nbsp;&nbsp; 97 | 97397 |
| 3.95%, 08/13/27 | &nbsp;&nbsp; 150 | 150790 |
| 4.05%, 08/13/28 | &nbsp;&nbsp; 130 | 131307 |
| 4.30%, 10/15/30 | &nbsp;&nbsp; 250 | 254581 |
| 4.48%, 02/26/28 | &nbsp;&nbsp; 235 | 238769 |
| 4.50%, 10/15/32 | &nbsp;&nbsp; 295 | 302015 |
| 4.69%, 04/15/30 | &nbsp;&nbsp; 255 | 262829 |
| 4.82%, 04/15/32 | &nbsp;&nbsp; 170 | 176802 |
| 4.85%, 10/15/35<sup>(a)</sup> | &nbsp;&nbsp; 210 | 215683 |
| 4.98%, 04/15/35 | &nbsp;&nbsp; 175 | 181612 |
| CNOOC Finance 2013 Ltd., 2.88%, 09/30/29 | &nbsp;&nbsp; 250 | 242185 |
| CNOOC Finance 2015 USA LLC, 4.38%, 05/02/28 | &nbsp;&nbsp; 200 | 202569 |
| CNOOC Petroleum North America ULC, 5.88%, <br> 03/10/35<br>| &nbsp;&nbsp; 100 | 112600 |
| ConocoPhillips Co. |  |  |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 340 | 348518 |
| 4.85%, 01/15/32 | &nbsp;&nbsp; 155 | 160736 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 310 | 318736 |
| 5.05%, 09/15/33 | &nbsp;&nbsp; 230 | 239300 |
| 5.90%, 10/15/32 | &nbsp;&nbsp; 125 | 137287 |
| 6.95%, 04/15/29 | &nbsp;&nbsp; 154 | 167920 |
| Continental Resources, Inc./OK, 4.38%, 01/15/28 | &nbsp;&nbsp; 230 | 230328 |
| Coterra Energy, Inc. |  |  |
| 3.90%, 05/15/27 | &nbsp;&nbsp; 180 | 179753 |
| 4.38%, 03/15/29 | &nbsp;&nbsp; 118 | 119249 |
| 5.40%, 02/15/35 | &nbsp;&nbsp; 165 | 170171 |
| 5.60%, 03/15/34 | &nbsp;&nbsp; 125 | 130957 |
| Devon Energy Corp. |  |  |
| 4.50%, 01/15/30 | &nbsp;&nbsp; 162 | 163519 |
| 5.20%, 09/15/34<sup>(a)</sup> | &nbsp;&nbsp; 320 | 328130 |
| 5.25%, 10/15/27 | &nbsp;&nbsp; 180 | 180067 |
| 5.88%, 06/15/28 | &nbsp;&nbsp; 70 | 70050 |
| 7.88%, 09/30/31 | &nbsp;&nbsp; 156 | 182473 |
| 7.95%, 04/15/32 | &nbsp;&nbsp; 100 | 117780 |
| Diamondback Energy, Inc. |  |  |
| 3.13%, 03/24/31 | &nbsp;&nbsp; 217 | 205819 |
| 3.50%, 12/01/29 | &nbsp;&nbsp; 242 | 236809 |
| 5.15%, 01/30/30 | &nbsp;&nbsp; 200 | 207425 |
| 5.20%, 04/18/27 | &nbsp;&nbsp; 225 | 227832 |
| 5.40%, 04/18/34 | &nbsp;&nbsp; 320 | 332781 |
| 5.55%, 04/01/35 | &nbsp;&nbsp; 265 | 277302 |
| 6.25%, 03/15/33 | &nbsp;&nbsp; 210 | 229466 |
| Eni USA, Inc., 7.30%, 11/15/27 | &nbsp;&nbsp; 124 | 130842 |
| EOG Resources, Inc. |  |  |
| 3.90%, 04/01/35 | &nbsp;&nbsp; 45 | 42477 |
| 4.38%, 04/15/30 | &nbsp;&nbsp; 222 | 225086 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| 4.40%, 07/15/28 | &nbsp;&nbsp; $175 | $177275 |
| 4.40%, 01/15/31 | &nbsp;&nbsp; 75 | 75887 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 285 | 295687 |
| 5.35%, 01/15/36 | &nbsp;&nbsp; 20 | 20778 |
| EQT Corp. |  |  |
| 3.90%, 10/01/27 | &nbsp;&nbsp; 245 | 244509 |
| 4.50%, 01/15/29 | &nbsp;&nbsp; 20 | 20173 |
| 4.75%, 01/15/31 | &nbsp;&nbsp; 20 | 20284 |
| 5.00%, 01/15/29 | &nbsp;&nbsp; 97 | 98864 |
| 5.70%, 04/01/28 | &nbsp;&nbsp; 115 | 118889 |
| 5.75%, 02/01/34 | &nbsp;&nbsp; 185 | 195990 |
| 6.38%, 04/01/29 | &nbsp;&nbsp; 35 | 36176 |
| 7.00%, 02/01/30 | &nbsp;&nbsp; 170 | 186034 |
| 7.50%, 06/01/30 | &nbsp;&nbsp; 15 | 16648 |
| Equinor ASA |  |  |
| 2.38%, 05/22/30 | &nbsp;&nbsp; 213 | 200078 |
| 3.00%, 04/06/27 | &nbsp;&nbsp; 43 | 42727 |
| 3.13%, 04/06/30 | &nbsp;&nbsp; 340 | 329698 |
| 3.63%, 09/10/28 | &nbsp;&nbsp; 245 | 244951 |
| 4.25%, 06/02/28 | &nbsp;&nbsp; 110 | 111151 |
| 4.50%, 09/03/30 | &nbsp;&nbsp; 50 | 51077 |
| 4.75%, 11/14/35 | &nbsp;&nbsp; 75 | 75442 |
| 5.13%, 06/03/35 | &nbsp;&nbsp; 225 | 233671 |
| 7.25%, 09/23/27 | &nbsp;&nbsp; 150 | 158039 |
| Expand Energy Corp. |  |  |
| 4.75%, 02/01/32 | &nbsp;&nbsp; 145 | 144782 |
| 5.38%, 02/01/29 | &nbsp;&nbsp; 25 | 24963 |
| 5.38%, 03/15/30 | &nbsp;&nbsp; 185 | 187903 |
| 5.70%, 01/15/35 | &nbsp;&nbsp; 205 | 214670 |
| Exxon Mobil Corp. |  |  |
| 2.44%, 08/16/29 | &nbsp;&nbsp; 309 | 297430 |
| 2.61%, 10/15/30 | &nbsp;&nbsp; 480 | 455236 |
| 3.29%, 03/19/27 | &nbsp;&nbsp; 212 | 211372 |
| 3.48%, 03/19/30 | &nbsp;&nbsp; 462 | 456015 |
| Helmerich & Payne, Inc. |  |  |
| 2.90%, 09/29/31 | &nbsp;&nbsp; 130 | 119109 |
| 4.85%, 12/01/29<sup>(a)</sup> | &nbsp;&nbsp; 85 | 86542 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 125 | 125917 |
| Hess Corp. |  |  |
| 4.30%, 04/01/27 | &nbsp;&nbsp; 262 | 262983 |
| 7.13%, 03/15/33 | &nbsp;&nbsp; 120 | 140203 |
| 7.30%, 08/15/31 | &nbsp;&nbsp; 160 | 184776 |
| 7.88%, 10/01/29 | &nbsp;&nbsp; 125 | 141713 |
| HF Sinclair Corp. |  |  |
| 4.50%, 10/01/30 | &nbsp;&nbsp; 85 | 84637 |
| 5.00%, 02/01/28 | &nbsp;&nbsp; 30 | 29994 |
| 5.50%, 09/01/32 | &nbsp;&nbsp; 105 | 107436 |
| 5.75%, 01/15/31 | &nbsp;&nbsp; 145 | 150457 |
| 6.25%, 01/15/35 | &nbsp;&nbsp; 190 | 200107 |
| Marathon Petroleum Corp. |  |  |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 195 | 194442 |
| 5.15%, 03/01/30 | &nbsp;&nbsp; 140 | 145087 |
| 5.70%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 220 | 231688 |
| Occidental Petroleum Corp. |  |  |
| 5.38%, 01/01/32 | &nbsp;&nbsp; 230 | 239433 |
| 5.55%, 10/01/34<sup>(a)</sup> | &nbsp;&nbsp; 290 | 302478 |
| 6.13%, 01/01/31 | &nbsp;&nbsp; 340 | 365725 |
| 6.63%, 09/01/30 | &nbsp;&nbsp; 335 | 362730 |
| 7.50%, 05/01/31 | &nbsp;&nbsp; 240 | 273459 |
| 7.88%, 09/15/31 | &nbsp;&nbsp; 85 | 98922 |
| 8.88%, 07/15/30 | &nbsp;&nbsp; 110 | 127792 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Ovintiv, Inc. |  |  |
| 5.65%, 05/15/28 | &nbsp;&nbsp; $180 | $186463 |
| 6.25%, 07/15/33 | &nbsp;&nbsp; 170 | 183363 |
| 6.50%, 08/15/34 | &nbsp;&nbsp; 135 | 147979 |
| 7.20%, 11/01/31 | &nbsp;&nbsp; 80 | 89644 |
| 7.38%, 11/01/31 | &nbsp;&nbsp; 130 | 146750 |
| 8.13%, 09/15/30 | &nbsp;&nbsp; 115 | 132351 |
| Patterson-UTI Energy, Inc. |  |  |
| 3.95%, 02/01/28 | &nbsp;&nbsp; 170 | 168694 |
| 5.15%, 11/15/29 | &nbsp;&nbsp; 85 | 86419 |
| 7.15%, 10/01/33 | &nbsp;&nbsp; 110 | 120515 |
| Phillips 66 |  |  |
| 2.15%, 12/15/30 | &nbsp;&nbsp; 275 | 250931 |
| 3.90%, 03/15/28 | &nbsp;&nbsp; 220 | 219768 |
| 4.65%, 11/15/34 | &nbsp;&nbsp; 245 | 243110 |
| Phillips 66 Co. |  |  |
| 3.15%, 12/15/29 | &nbsp;&nbsp; 145 | 140570 |
| 3.75%, 03/01/28 | &nbsp;&nbsp; 125 | 124749 |
| 4.95%, 12/01/27 | &nbsp;&nbsp; 200 | 203382 |
| 4.95%, 03/15/35 | &nbsp;&nbsp; 155 | 156846 |
| 5.25%, 06/15/31 | &nbsp;&nbsp; 310 | 323888 |
| 5.30%, 06/30/33 | &nbsp;&nbsp; 220 | 228597 |
| Series A, 5.88%, 03/15/56, (5-year CMT + <br> 2.28%)<sup>(b)</sup><br>| &nbsp;&nbsp; 75 | 75422 |
| Pioneer Natural Resources Co. |  |  |
| 1.90%, 08/15/30 | &nbsp;&nbsp; 240 | 220122 |
| 2.15%, 01/15/31 | &nbsp;&nbsp; 230 | 211550 |
| Shell Finance U.S., Inc. |  |  |
| 2.38%, 11/07/29 | &nbsp;&nbsp; 268 | 254822 |
| 2.75%, 04/06/30 | &nbsp;&nbsp; 380 | 363298 |
| 3.88%, 11/13/28<sup>(c)</sup> | &nbsp;&nbsp; 382 | 383821 |
| 4.13%, 11/06/30 | &nbsp;&nbsp; 180 | 181353 |
| 4.13%, 05/11/35 | &nbsp;&nbsp; 120 | 116910 |
| 4.75%, 01/06/36 | &nbsp;&nbsp; 155 | 156805 |
| Shell International Finance BV |  |  |
| 2.38%, 11/07/29 | &nbsp;&nbsp; 40 | 37997 |
| 2.75%, 04/06/30 | &nbsp;&nbsp; 30 | 28685 |
| 3.88%, 11/13/28<sup>(a)</sup> | &nbsp;&nbsp; 15 | 15047 |
| 4.13%, 05/11/35 | &nbsp;&nbsp; 15 | 15081 |
| Suncor Energy, Inc. |  |  |
| 5.95%, 12/01/34 | &nbsp;&nbsp; 140 | 150339 |
| 7.15%, 02/01/32 | &nbsp;&nbsp; 130 | 147169 |
| TotalEnergies Capital International SA |  |  |
| 2.83%, 01/10/30 | &nbsp;&nbsp; 290 | 280249 |
| 3.46%, 02/19/29 | &nbsp;&nbsp; 320 | 317330 |
| TotalEnergies Capital SA |  |  |
| 3.88%, 10/11/28 | &nbsp;&nbsp; 262 | 263347 |
| 4.72%, 09/10/34 | &nbsp;&nbsp; 215 | 219253 |
| 5.15%, 04/05/34 | &nbsp;&nbsp; 270 | 282847 |
| TotalEnergies Capital USA LLC |  |  |
| 4.25%, 01/13/31 | &nbsp;&nbsp; 15 | 15130 |
| 4.57%, 01/13/33 | &nbsp;&nbsp; 15 | 15201 |
| 4.86%, 01/13/36 | &nbsp;&nbsp; 20 | 20214 |
| Valero Energy Corp. |  |  |
| 2.15%, 09/15/27 | &nbsp;&nbsp; 109 | 106111 |
| 2.80%, 12/01/31 | &nbsp;&nbsp; 125 | 115528 |
| 4.00%, 04/01/29 | &nbsp;&nbsp; 100 | 100027 |
| 4.35%, 06/01/28 | &nbsp;&nbsp; 91 | 91707 |
| 5.15%, 02/15/30 | &nbsp;&nbsp; 145 | 150304 |
| 7.50%, 04/15/32 | &nbsp;&nbsp; 165 | 191575 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Viper Energy Partners LLC |  |  |
| 4.90%, 08/01/30 | &nbsp;&nbsp; $125 | $127675 |
| 5.70%, 08/01/35 | &nbsp;&nbsp; 230 | 238244 |
| Woodside Finance Ltd. |  |  |
| 4.90%, 05/19/28 | &nbsp;&nbsp; 10 | 10171 |
| 5.10%, 09/12/34 | &nbsp;&nbsp; 330 | 331263 |
| 5.40%, 05/19/30 | &nbsp;&nbsp; 30 | 31125 |
| 5.70%, 05/19/32 | &nbsp;&nbsp; 25 | 26447 |
| 6.00%, 05/19/35 | &nbsp;&nbsp; 265 | 280605 |
|  |  | 33408626 |
| **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** | **Oil & Gas Services — 0.0%** |
| Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor, Inc.<br>|  |  |
| 3.14%, 11/07/29 | &nbsp;&nbsp; 125 | 121809 |
| 3.34%, 12/15/27 | &nbsp;&nbsp; 344 | 341176 |
| 4.49%, 05/01/30 | &nbsp;&nbsp; 140 | 142295 |
| Halliburton Co. |  |  |
| 2.92%, 03/01/30 | &nbsp;&nbsp; 255 | 244301 |
| 4.85%, 11/15/35 | &nbsp;&nbsp; 225 | 224942 |
| NOV, Inc., 3.60%, 12/01/29 | &nbsp;&nbsp; 137 | 134328 |
| Schlumberger Investment SA, 2.65%, 06/26/30 | &nbsp;&nbsp; 255 | 242954 |
|  |  | 1451805 |
| **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
| Amcor Finance USA, Inc. |  |  |
| 4.50%, 05/15/28 | &nbsp;&nbsp; 105 | 106014 |
| 5.63%, 05/26/33 | &nbsp;&nbsp; 120 | 127305 |
| Amcor Flexibles North America, Inc. |  |  |
| 2.63%, 06/19/30 | &nbsp;&nbsp; 127 | 119376 |
| 2.69%, 05/25/31 | &nbsp;&nbsp; 200 | 184774 |
| 4.80%, 03/17/28 | &nbsp;&nbsp; 135 | 137324 |
| 5.10%, 03/17/30 | &nbsp;&nbsp; 50 | 51738 |
| 5.50%, 03/17/35 | &nbsp;&nbsp; 165 | 173585 |
| Amcor Group Finance PLC, 5.45%, 05/23/29 | &nbsp;&nbsp; 155 | 161282 |
| AptarGroup, Inc. |  |  |
| 3.60%, 03/15/32 | &nbsp;&nbsp; 78 | 74417 |
| 4.75%, 03/30/31 | &nbsp;&nbsp; 110 | 111631 |
| Berry Global, Inc. |  |  |
| 5.50%, 04/15/28 | &nbsp;&nbsp; 65 | 67055 |
| 5.65%, 01/15/34 | &nbsp;&nbsp; 195 | 206023 |
| 5.80%, 06/15/31 | &nbsp;&nbsp; 190 | 202406 |
| Packaging Corp. of America |  |  |
| 3.00%, 12/15/29 | &nbsp;&nbsp; 157 | 151271 |
| 3.40%, 12/15/27 | &nbsp;&nbsp; 160 | 158688 |
| 5.20%, 08/15/35 | &nbsp;&nbsp; 70 | 71742 |
| 5.70%, 12/01/33 | &nbsp;&nbsp; 95 | 101228 |
| Smurfit Kappa Treasury ULC, 5.44%, 04/03/34 | &nbsp;&nbsp; 210 | 218899 |
| Smurfit Westrock Financing DAC |  |  |
| 5.19%, 01/15/36 | &nbsp;&nbsp; 200 | 203724 |
| 5.42%, 01/15/35 | &nbsp;&nbsp; 200 | 207561 |
| Sonoco Products Co. |  |  |
| 2.85%, 02/01/32 | &nbsp;&nbsp; 120 | 110085 |
| 3.13%, 05/01/30 | &nbsp;&nbsp; 160 | 152831 |
| 4.60%, 09/01/29 | &nbsp;&nbsp; 55 | 55763 |
| 5.00%, 09/01/34<sup>(a)</sup> | &nbsp;&nbsp; 165 | 166421 |
| WestRock MWV LLC |  |  |
| 7.95%, 02/15/31 | &nbsp;&nbsp; 25 | 28837 |
| 8.20%, 01/15/30 | &nbsp;&nbsp; 134 | 153407 |
| WRKCo, Inc. |  |  |
| 3.00%, 06/15/33 | &nbsp;&nbsp; 130 | 117313 |
| 3.90%, 06/01/28 | &nbsp;&nbsp; 117 | 116859 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| 4.00%, 03/15/28 | &nbsp;&nbsp; $170 | $170239 |
| 4.20%, 06/01/32 | &nbsp;&nbsp; 30 | 29447 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 147 | 150411 |
|  |  | 4087656 |
| **Pharmaceuticals — 1.2%** | **Pharmaceuticals — 1.2%** | **Pharmaceuticals — 1.2%** |
| AbbVie, Inc. |  |  |
| 3.20%, 11/21/29 | &nbsp;&nbsp; 1261 | 1231660 |
| 3.78%, 03/03/28 | &nbsp;&nbsp; 225 | 225310 |
| 4.13%, 03/15/31 | &nbsp;&nbsp; 170 | 170524 |
| 4.25%, 11/14/28 | &nbsp;&nbsp; 433 | 438190 |
| 4.40%, 03/15/33 | &nbsp;&nbsp; 300 | 301301 |
| 4.50%, 05/14/35 | &nbsp;&nbsp; 545 | 540057 |
| 4.55%, 03/15/35 | &nbsp;&nbsp; 335 | 333390 |
| 4.65%, 03/15/28 | &nbsp;&nbsp; 305 | 310224 |
| 4.75%, 03/15/36 | &nbsp;&nbsp; 195 | 196073 |
| 4.80%, 03/15/27 | &nbsp;&nbsp; 515 | 519767 |
| 4.80%, 03/15/29 | &nbsp;&nbsp; 590 | 606117 |
| 4.88%, 03/15/30 | &nbsp;&nbsp; 265 | 274016 |
| 4.95%, 03/15/31 | &nbsp;&nbsp; 340 | 353850 |
| 5.05%, 03/15/34 | &nbsp;&nbsp; 685 | 711013 |
| 5.20%, 03/15/35 | &nbsp;&nbsp; 240 | 249997 |
| Astrazeneca Finance LLC |  |  |
| 1.75%, 05/28/28 | &nbsp;&nbsp; 295 | 282421 |
| 2.25%, 05/28/31 | &nbsp;&nbsp; 204 | 186961 |
| 4.00%, 03/02/31 | &nbsp;&nbsp; 90 | 90140 |
| 4.30%, 03/02/33 | &nbsp;&nbsp; 100 | 100259 |
| 4.60%, 03/02/36 | &nbsp;&nbsp; 100 | 99983 |
| 4.85%, 02/26/29 | &nbsp;&nbsp; 290 | 298716 |
| 4.88%, 03/03/28 | &nbsp;&nbsp; 260 | 265729 |
| 4.88%, 03/03/33 | &nbsp;&nbsp; 135 | 140307 |
| 4.90%, 03/03/30 | &nbsp;&nbsp; 165 | 170848 |
| 4.90%, 02/26/31 | &nbsp;&nbsp; 255 | 264970 |
| 5.00%, 02/26/34 | &nbsp;&nbsp; 345 | 358926 |
| AstraZeneca PLC |  |  |
| 1.38%, 08/06/30 | &nbsp;&nbsp; 322 | 288892 |
| 3.13%, 06/12/27 | &nbsp;&nbsp; 179 | 177925 |
| 4.00%, 01/17/29 | &nbsp;&nbsp; 268 | 269801 |
| Becton Dickinson & Co. |  |  |
| 1.96%, 02/11/31 | &nbsp;&nbsp; 270 | 242811 |
| 2.82%, 05/20/30 | &nbsp;&nbsp; 150 | 142678 |
| 3.70%, 06/06/27 | &nbsp;&nbsp; 434 | 432515 |
| 4.30%, 08/22/32 | &nbsp;&nbsp; 115 | 114872 |
| 4.69%, 02/13/28 | &nbsp;&nbsp; 180 | 182328 |
| 4.87%, 02/08/29 | &nbsp;&nbsp; 55 | 56343 |
| 5.11%, 02/08/34 | &nbsp;&nbsp; 135 | 138964 |
| Bristol-Myers Squibb Co. |  |  |
| 1.13%, 11/13/27 | &nbsp;&nbsp; 120 | 115130 |
| 1.45%, 11/13/30 | &nbsp;&nbsp; 270 | 241217 |
| 2.95%, 03/15/32 | &nbsp;&nbsp; 435 | 406373 |
| 3.40%, 07/26/29 | &nbsp;&nbsp; 490 | 482908 |
| 3.45%, 11/15/27 | &nbsp;&nbsp; 160 | 159640 |
| 4.90%, 02/22/29 | &nbsp;&nbsp; 5 | 5162 |
| 5.10%, 02/22/31 | &nbsp;&nbsp; 290 | 303201 |
| 5.20%, 02/22/34 | &nbsp;&nbsp; 615 | 643394 |
| 5.75%, 02/01/31 | &nbsp;&nbsp; 245 | 263008 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 116 | 127260 |
| Cardinal Health, Inc. |  |  |
| 3.41%, 06/15/27 | &nbsp;&nbsp; 335 | 332887 |
| 4.50%, 09/15/30 | &nbsp;&nbsp; 140 | 141946 |
| 5.00%, 11/15/29 | &nbsp;&nbsp; 80 | 82435 |
| 5.13%, 02/15/29 | &nbsp;&nbsp; 105 | 108295 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 5.15%, 09/15/35 | &nbsp;&nbsp; $95 | $97208 |
| 5.35%, 11/15/34 | &nbsp;&nbsp; 215 | 223448 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 115 | 120951 |
| Cencora, Inc. |  |  |
| 2.70%, 03/15/31 | &nbsp;&nbsp; 300 | 279633 |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 90 | 85479 |
| 3.45%, 12/15/27 | &nbsp;&nbsp; 190 | 188573 |
| 3.95%, 02/13/29 | &nbsp;&nbsp; 95 | 95049 |
| 4.25%, 11/15/30 | &nbsp;&nbsp; 35 | 35132 |
| 4.60%, 02/13/33 | &nbsp;&nbsp; 50 | 50355 |
| 4.63%, 12/15/27 | &nbsp;&nbsp; 135 | 136657 |
| 4.85%, 12/15/29 | &nbsp;&nbsp; 190 | 195485 |
| 4.90%, 02/13/36 | &nbsp;&nbsp; 225 | 226541 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 80 | 82916 |
| 5.15%, 02/15/35 | &nbsp;&nbsp; 35 | 36169 |
| CVS Health Corp. |  |  |
| 1.30%, 08/21/27 | &nbsp;&nbsp; 542 | 521882 |
| 1.75%, 08/21/30 | &nbsp;&nbsp; 290 | 260611 |
| 1.88%, 02/28/31 | &nbsp;&nbsp; 275 | 245005 |
| 2.13%, 09/15/31 | &nbsp;&nbsp; 210 | 186374 |
| 3.25%, 08/15/29 | &nbsp;&nbsp; 392 | 381160 |
| 3.63%, 04/01/27 | &nbsp;&nbsp; 180 | 179395 |
| 3.75%, 04/01/30 | &nbsp;&nbsp; 333 | 327665 |
| 4.30%, 03/25/28 | &nbsp;&nbsp; 1075 | 1081120 |
| 4.88%, 07/20/35 | &nbsp;&nbsp; 85 | 84355 |
| 5.00%, 01/30/29 | &nbsp;&nbsp; 255 | 261577 |
| 5.00%, 09/15/32 | &nbsp;&nbsp; 140 | 143614 |
| 5.13%, 02/21/30 | &nbsp;&nbsp; 340 | 350552 |
| 5.25%, 01/30/31 | &nbsp;&nbsp; 170 | 176999 |
| 5.25%, 02/21/33 | &nbsp;&nbsp; 400 | 414922 |
| 5.30%, 06/01/33 | &nbsp;&nbsp; 265 | 274536 |
| 5.40%, 06/01/29 | &nbsp;&nbsp; 230 | 239053 |
| 5.45%, 09/15/35 | &nbsp;&nbsp; 390 | 402104 |
| 5.55%, 06/01/31 | &nbsp;&nbsp; 230 | 242536 |
| 5.70%, 06/01/34 | &nbsp;&nbsp; 280 | 295295 |
| 6.25%, 06/01/27 | &nbsp;&nbsp; 85 | 87361 |
| Eli Lilly & Co. |  |  |
| 3.10%, 05/15/27 | &nbsp;&nbsp; 139 | 138163 |
| 3.38%, 03/15/29 | &nbsp;&nbsp; 230 | 227706 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 285 | 287412 |
| 4.15%, 08/14/27 | &nbsp;&nbsp; 175 | 176275 |
| 4.20%, 08/14/29 | &nbsp;&nbsp; 240 | 243244 |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 225 | 228120 |
| 4.50%, 02/09/29 | &nbsp;&nbsp; 225 | 230078 |
| 4.55%, 02/12/28 | &nbsp;&nbsp; 270 | 274474 |
| 4.55%, 10/15/32 | &nbsp;&nbsp; 215 | 219367 |
| 4.60%, 08/14/34 | &nbsp;&nbsp; 290 | 294434 |
| 4.70%, 02/27/33 | &nbsp;&nbsp; 205 | 210901 |
| 4.70%, 02/09/34 | &nbsp;&nbsp; 330 | 338318 |
| 4.75%, 02/12/30 | &nbsp;&nbsp; 270 | 278869 |
| 4.90%, 02/12/32 | &nbsp;&nbsp; 210 | 218651 |
| 4.90%, 10/15/35 | &nbsp;&nbsp; 265 | 271390 |
| 5.10%, 02/12/35 | &nbsp;&nbsp; 190 | 198128 |
| 5.50%, 03/15/27<sup>(a)</sup> | &nbsp;&nbsp; 120 | 122322 |
| GlaxoSmithKline Capital PLC |  |  |
| 3.38%, 06/01/29 | &nbsp;&nbsp; 295 | 290902 |
| 4.32%, 03/12/27 | &nbsp;&nbsp; 75 | 75459 |
| GlaxoSmithKline Capital, Inc. |  |  |
| 3.88%, 05/15/28 | &nbsp;&nbsp; 420 | 421869 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 200 | 204680 |
| 4.88%, 04/15/35 | &nbsp;&nbsp; 185 | 188689 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 5.38%, 04/15/34 | &nbsp;&nbsp; $115 | $123117 |
| Johnson & Johnson |  |  |
| 0.95%, 09/01/27 | &nbsp;&nbsp; 140 | 134818 |
| 1.30%, 09/01/30 | &nbsp;&nbsp; 345 | 311405 |
| 2.90%, 01/15/28 | &nbsp;&nbsp; 382 | 378149 |
| 2.95%, 03/03/27 | &nbsp;&nbsp; 265 | 263468 |
| 4.38%, 12/05/33 | &nbsp;&nbsp; 35 | 35641 |
| 4.50%, 03/01/27 | &nbsp;&nbsp; 175 | 176757 |
| 4.55%, 03/01/28 | &nbsp;&nbsp; 215 | 218958 |
| 4.70%, 03/01/30 | &nbsp;&nbsp; 250 | 259132 |
| 4.80%, 06/01/29 | &nbsp;&nbsp; 275 | 284725 |
| 4.85%, 03/01/32 | &nbsp;&nbsp; 295 | 309349 |
| 4.90%, 06/01/31 | &nbsp;&nbsp; 295 | 309476 |
| 4.95%, 05/15/33 | &nbsp;&nbsp; 190 | 201473 |
| 4.95%, 06/01/34 | &nbsp;&nbsp; 270 | 285830 |
| 5.00%, 03/01/35<sup>(a)</sup> | &nbsp;&nbsp; 239 | 251399 |
| 6.95%, 09/01/29 | &nbsp;&nbsp; 125 | 138360 |
| McKesson Corp. |  |  |
| 3.95%, 02/16/28 | &nbsp;&nbsp; 129 | 129217 |
| 4.25%, 09/15/29 | &nbsp;&nbsp; 170 | 171731 |
| 4.65%, 05/30/30 | &nbsp;&nbsp; 155 | 158619 |
| 4.90%, 07/15/28 | &nbsp;&nbsp; 70 | 71751 |
| 4.95%, 05/30/32 | &nbsp;&nbsp; 205 | 213116 |
| 5.10%, 07/15/33 | &nbsp;&nbsp; 130 | 135725 |
| 5.25%, 05/30/35 | &nbsp;&nbsp; 165 | 173096 |
| Merck & Co., Inc. |  |  |
| 1.45%, 06/24/30 | &nbsp;&nbsp; 285 | 258068 |
| 1.70%, 06/10/27 | &nbsp;&nbsp; 365 | 356582 |
| 1.90%, 12/10/28 | &nbsp;&nbsp; 240 | 229057 |
| 2.15%, 12/10/31 | &nbsp;&nbsp; 555 | 501720 |
| 3.40%, 03/07/29 | &nbsp;&nbsp; 385 | 381364 |
| 3.85%, 09/15/27 | &nbsp;&nbsp; 190 | 190852 |
| 3.85%, 03/15/29 | &nbsp;&nbsp; 135 | 135462 |
| 4.05%, 05/17/28 | &nbsp;&nbsp; 120 | 120965 |
| 4.15%, 09/15/30 | &nbsp;&nbsp; 175 | 176790 |
| 4.15%, 03/15/31 | &nbsp;&nbsp; 180 | 181339 |
| 4.30%, 05/17/30 | &nbsp;&nbsp; 175 | 177699 |
| 4.45%, 12/04/32 | &nbsp;&nbsp; 90 | 91187 |
| 4.50%, 05/17/33 | &nbsp;&nbsp; 485 | 493515 |
| 4.55%, 09/15/32 | &nbsp;&nbsp; 200 | 204671 |
| 4.75%, 12/04/35 | &nbsp;&nbsp; 145 | 146405 |
| 4.95%, 09/15/35 | &nbsp;&nbsp; 195 | 199916 |
| 6.50%, 12/01/33 | &nbsp;&nbsp; 45 | 51278 |
| Merck Sharp & Dohme Corp., 5.95%, 12/01/28 | &nbsp;&nbsp; 110 | 116317 |
| Mylan, Inc., 4.55%, 04/15/28 | &nbsp;&nbsp; 155 | 155735 |
| Novartis Capital Corp. |  |  |
| 2.20%, 08/14/30 | &nbsp;&nbsp; 340 | 316986 |
| 3.10%, 05/17/27 | &nbsp;&nbsp; 263 | 261498 |
| 3.80%, 09/18/29 | &nbsp;&nbsp; 240 | 240161 |
| 3.90%, 11/05/28 | &nbsp;&nbsp; 155 | 155682 |
| 4.00%, 09/18/31 | &nbsp;&nbsp; 275 | 275874 |
| 4.10%, 11/05/30 | &nbsp;&nbsp; 160 | 160985 |
| 4.20%, 09/18/34 | &nbsp;&nbsp; 310 | 307456 |
| 4.30%, 11/05/32 | &nbsp;&nbsp; 140 | 141098 |
| 4.60%, 11/05/35 | &nbsp;&nbsp; 135 | 135692 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| 4.45%, 05/19/28 | &nbsp;&nbsp; 925 | 937990 |
| 4.65%, 05/19/30 | &nbsp;&nbsp; 395 | 404659 |
| 4.75%, 05/19/33 | &nbsp;&nbsp; 1125 | 1148324 |
| Pfizer, Inc. |  |  |
| 1.70%, 05/28/30 | &nbsp;&nbsp; 267 | 244257 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| 1.75%, 08/18/31 | &nbsp;&nbsp; $290 | $258792 |
| 2.63%, 04/01/30 | &nbsp;&nbsp; 306 | 290961 |
| 3.45%, 03/15/29 | &nbsp;&nbsp; 432 | 428909 |
| 3.60%, 09/15/28 | &nbsp;&nbsp; 238 | 237874 |
| 3.88%, 11/15/27 | &nbsp;&nbsp; 115 | 115528 |
| 4.20%, 11/15/30 | &nbsp;&nbsp; 120 | 121174 |
| 4.50%, 11/15/32 | &nbsp;&nbsp; 215 | 218349 |
| 4.88%, 11/15/35 | &nbsp;&nbsp; 215 | 219114 |
| Pharmacia LLC, 6.60%, 12/01/28 | &nbsp;&nbsp; 135 | 144625 |
| Sanofi SA |  |  |
| 3.63%, 06/19/28 | &nbsp;&nbsp; 290 | 289741 |
| 3.75%, 11/03/27 | &nbsp;&nbsp; 120 | 120262 |
| 3.80%, 11/03/28 | &nbsp;&nbsp; 100 | 100115 |
| 4.20%, 11/03/32 | &nbsp;&nbsp; 105 | 105293 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| 2.05%, 03/31/30 | &nbsp;&nbsp; 535 | 493734 |
| 5.00%, 11/26/28 | &nbsp;&nbsp; 382 | 391020 |
| 5.30%, 07/05/34 | &nbsp;&nbsp; 200 | 208560 |
| Takeda U.S. Financing, Inc., 5.20%, 07/07/35 | &nbsp;&nbsp; 400 | 411294 |
| Viatris, Inc. |  |  |
| 2.30%, 06/22/27 | &nbsp;&nbsp; 140 | 136515 |
| 2.70%, 06/22/30 | &nbsp;&nbsp; 320 | 295542 |
| Wyeth LLC, 6.50%, 02/01/34 | &nbsp;&nbsp; 240 | 271497 |
| Zoetis, Inc. |  |  |
| 2.00%, 05/15/30 | &nbsp;&nbsp; 225 | 207676 |
| 3.00%, 09/12/27 | &nbsp;&nbsp; 235 | 232336 |
| 3.90%, 08/20/28 | &nbsp;&nbsp; 238 | 238239 |
| 4.15%, 08/17/28 | &nbsp;&nbsp; 125 | 125943 |
| 5.00%, 08/17/35 | &nbsp;&nbsp; 110 | 112156 |
| 5.60%, 11/16/32 | &nbsp;&nbsp; 210 | 224877 |
|  |  | 46964919 |
| **Pipelines — 1.0%** | **Pipelines — 1.0%** | **Pipelines — 1.0%** |
| Boardwalk Pipelines LP |  |  |
| 3.40%, 02/15/31 | &nbsp;&nbsp; 120 | 114667 |
| 3.60%, 09/01/32 | &nbsp;&nbsp; 129 | 121990 |
| 4.45%, 07/15/27 | &nbsp;&nbsp; 150 | 150646 |
| 4.80%, 05/03/29 | &nbsp;&nbsp; 155 | 157909 |
| 5.38%, 02/15/36 | &nbsp;&nbsp; 65 | 65998 |
| 5.63%, 08/01/34 | &nbsp;&nbsp; 120 | 126971 |
| Cheniere Corpus Christi Holdings LLC |  |  |
| 3.70%, 11/15/29 | &nbsp;&nbsp; 270 | 266166 |
| 5.13%, 06/30/27 | &nbsp;&nbsp; 287 | 289744 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/32 | &nbsp;&nbsp; 250 | 233154 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 375 | 367764 |
| 4.50%, 10/01/29 | &nbsp;&nbsp; 325 | 326739 |
| 5.55%, 10/30/35 | &nbsp;&nbsp; 230 | 239202 |
| 5.75%, 08/15/34 | &nbsp;&nbsp; 290 | 306279 |
| 5.95%, 06/30/33 | &nbsp;&nbsp; 332 | 355936 |
| Cheniere Energy, Inc. |  |  |
| 4.63%, 10/15/28 | &nbsp;&nbsp; 420 | 419833 |
| 5.65%, 04/15/34 | &nbsp;&nbsp; 310 | 325978 |
| DCP Midstream Operating LP |  |  |
| 3.25%, 02/15/32 | &nbsp;&nbsp; 115 | 107110 |
| 5.13%, 05/15/29 | &nbsp;&nbsp; 155 | 159398 |
| 5.63%, 07/15/27 | &nbsp;&nbsp; 175 | 178238 |
| 8.13%, 08/16/30 | &nbsp;&nbsp; 88 | 102360 |
| Eastern Energy Gas Holdings LLC, 5.80%, <br> 01/15/35<br>| &nbsp;&nbsp; 155 | 166083 |
| Eastern Gas Transmission & Storage, Inc., 3.00%, <br> 11/15/29<br>| &nbsp;&nbsp; 124 | 119764 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Enbridge, Inc. |  |  |
| 2.50%, 08/01/33 | &nbsp;&nbsp; $250 | $218116 |
| 3.13%, 11/15/29 | &nbsp;&nbsp; 250 | 241709 |
| 3.70%, 07/15/27 | &nbsp;&nbsp; 200 | 199451 |
| 4.20%, 11/20/28 | &nbsp;&nbsp; 120 | 120679 |
| 4.50%, 02/15/31 | &nbsp;&nbsp; 135 | 136316 |
| 4.60%, 06/20/28 | &nbsp;&nbsp; 90 | 91240 |
| 4.90%, 06/20/30 | &nbsp;&nbsp; 150 | 154350 |
| 5.20%, 11/20/35 | &nbsp;&nbsp; 115 | 117270 |
| 5.25%, 04/05/27 | &nbsp;&nbsp; 160 | 162152 |
| 5.30%, 04/05/29 | &nbsp;&nbsp; 180 | 186502 |
| 5.55%, 06/20/35 | &nbsp;&nbsp; 225 | 235768 |
| 5.63%, 04/05/34 | &nbsp;&nbsp; 300 | 317267 |
| 5.70%, 03/08/33 | &nbsp;&nbsp; 545 | 579142 |
| 6.00%, 11/15/28 | &nbsp;&nbsp; 185 | 194774 |
| 6.20%, 11/15/30 | &nbsp;&nbsp; 185 | 200238 |
| 7.20%, 06/27/54, (5-year CMT + 2.97%)<sup>(b)</sup> | &nbsp;&nbsp; 105 | 113141 |
| 7.38%, 03/15/55, (5-year CMT + 3.12%)<sup>(b)</sup> | &nbsp;&nbsp; 75 | 80031 |
| Energy Transfer LP |  |  |
| 3.75%, 05/15/30 | &nbsp;&nbsp; 370 | 363892 |
| 4.00%, 10/01/27 | &nbsp;&nbsp; 175 | 175227 |
| 4.15%, 09/15/29 | &nbsp;&nbsp; 125 | 125303 |
| 4.20%, 04/15/27 | &nbsp;&nbsp; 182 | 182437 |
| 4.40%, 03/15/27 | &nbsp;&nbsp; 162 | 162534 |
| 4.90%, 03/15/35 | &nbsp;&nbsp; 115 | 114684 |
| 4.95%, 05/15/28 | &nbsp;&nbsp; 187 | 190529 |
| 4.95%, 06/15/28 | &nbsp;&nbsp; 244 | 248792 |
| 5.20%, 04/01/30 | &nbsp;&nbsp; 45 | 46774 |
| 5.25%, 04/15/29 | &nbsp;&nbsp; 351 | 362456 |
| 5.25%, 07/01/29 | &nbsp;&nbsp; 300 | 311127 |
| 5.35%, 01/15/36 | &nbsp;&nbsp; 205 | 208274 |
| 5.50%, 06/01/27 | &nbsp;&nbsp; 213 | 216234 |
| 5.55%, 02/15/28 | &nbsp;&nbsp; 205 | 210979 |
| 5.55%, 05/15/34 | &nbsp;&nbsp; 280 | 291712 |
| 5.60%, 09/01/34 | &nbsp;&nbsp; 285 | 297907 |
| 5.70%, 04/01/35 | &nbsp;&nbsp; 280 | 294210 |
| 5.75%, 02/15/33 | &nbsp;&nbsp; 330 | 350339 |
| 6.10%, 12/01/28 | &nbsp;&nbsp; 130 | 136824 |
| 6.40%, 12/01/30 | &nbsp;&nbsp; 250 | 272370 |
| 6.55%, 12/01/33 | &nbsp;&nbsp; 370 | 409804 |
| Enterprise Products Operating LLC |  |  |
| 2.80%, 01/31/30 | &nbsp;&nbsp; 285 | 273074 |
| 3.13%, 07/31/29 | &nbsp;&nbsp; 288 | 281087 |
| 4.15%, 10/16/28 | &nbsp;&nbsp; 270 | 272188 |
| 4.30%, 06/20/28 | &nbsp;&nbsp; 245 | 247549 |
| 4.60%, 01/15/31 | &nbsp;&nbsp; 360 | 367822 |
| 4.85%, 01/31/34 | &nbsp;&nbsp; 290 | 296293 |
| 4.95%, 02/15/35 | &nbsp;&nbsp; 65 | 66552 |
| 5.20%, 01/15/36 | &nbsp;&nbsp; 85 | 87630 |
| 5.35%, 01/31/33 | &nbsp;&nbsp; 260 | 274680 |
| 5.38%, 02/15/78, (3-mo. CME Term SOFR + <br> 2.83%)<sup>(b)</sup><br>| &nbsp;&nbsp; 137 | 137342 |
| Series D, 6.88%, 03/01/33 | &nbsp;&nbsp; 185 | 212508 |
| Series E, 5.25%, 08/16/77, (3-mo. CME Term <br> SOFR + 3.29%)<sup>(b)</sup><br>| &nbsp;&nbsp; 200 | 200502 |
| Series H, 6.65%, 10/15/34 | &nbsp;&nbsp; 75 | 85046 |
| Kinder Morgan Energy Partners LP |  |  |
| 5.80%, 03/15/35 | &nbsp;&nbsp; 125 | 133558 |
| 7.30%, 08/15/33 | &nbsp;&nbsp; 60 | 69861 |
| 7.40%, 03/15/31 | &nbsp;&nbsp; 60 | 68582 |
| 7.75%, 03/15/32 | &nbsp;&nbsp; 90 | 105393 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Kinder Morgan, Inc. |  |  |
| 2.00%, 02/15/31 | &nbsp;&nbsp; $187 | $169402 |
| 4.30%, 03/01/28 | &nbsp;&nbsp; 290 | 292414 |
| 4.80%, 02/01/33 | &nbsp;&nbsp; 185 | 188271 |
| 5.00%, 02/01/29 | &nbsp;&nbsp; 285 | 293584 |
| 5.10%, 08/01/29 | &nbsp;&nbsp; 150 | 155307 |
| 5.15%, 06/01/30 | &nbsp;&nbsp; 115 | 119653 |
| 5.20%, 06/01/33 | &nbsp;&nbsp; 365 | 380894 |
| 5.30%, 12/01/34 | &nbsp;&nbsp; 180 | 186687 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 230 | 241531 |
| 5.85%, 06/01/35 | &nbsp;&nbsp; 200 | 214852 |
| 7.75%, 01/15/32 | &nbsp;&nbsp; 235 | 276149 |
| 7.80%, 08/01/31 | &nbsp;&nbsp; 105 | 122893 |
| MPLX LP |  |  |
| 2.65%, 08/15/30 | &nbsp;&nbsp; 355 | 332502 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 245 | 245119 |
| 4.13%, 03/01/27 | &nbsp;&nbsp; 340 | 340355 |
| 4.25%, 12/01/27 | &nbsp;&nbsp; 130 | 130569 |
| 4.80%, 02/15/29 | &nbsp;&nbsp; 165 | 168194 |
| 4.80%, 02/15/31 | &nbsp;&nbsp; 240 | 245010 |
| 4.95%, 09/01/32 | &nbsp;&nbsp; 237 | 241469 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 170 | 172692 |
| 5.00%, 03/01/33 | &nbsp;&nbsp; 255 | 259205 |
| 5.30%, 04/01/36 | &nbsp;&nbsp; 125 | 126058 |
| 5.40%, 04/01/35 | &nbsp;&nbsp; 225 | 230183 |
| 5.40%, 09/15/35 | &nbsp;&nbsp; 335 | 341996 |
| 5.50%, 06/01/34 | &nbsp;&nbsp; 360 | 373086 |
| Northwest Pipeline LLC, 4.00%, 04/01/27 | &nbsp;&nbsp; 90 | 90022 |
| ONEOK, Inc. |  |  |
| 3.10%, 03/15/30 | &nbsp;&nbsp; 180 | 172412 |
| 3.25%, 06/01/30 | &nbsp;&nbsp; 105 | 100787 |
| 3.40%, 09/01/29 | &nbsp;&nbsp; 141 | 137879 |
| 4.00%, 07/13/27 | &nbsp;&nbsp; 131 | 131101 |
| 4.25%, 09/24/27 | &nbsp;&nbsp; 315 | 316458 |
| 4.35%, 03/15/29 | &nbsp;&nbsp; 150 | 150933 |
| 4.40%, 10/15/29 | &nbsp;&nbsp; 155 | 156246 |
| 4.55%, 07/15/28 | &nbsp;&nbsp; 225 | 227469 |
| 4.75%, 10/15/31 | &nbsp;&nbsp; 295 | 299090 |
| 4.95%, 10/15/32 | &nbsp;&nbsp; 175 | 177928 |
| 5.05%, 11/01/34 | &nbsp;&nbsp; 365 | 366300 |
| 5.38%, 06/01/29 | &nbsp;&nbsp; 135 | 139859 |
| 5.40%, 10/15/35 | &nbsp;&nbsp; 230 | 234425 |
| 5.65%, 11/01/28 | &nbsp;&nbsp; 155 | 161139 |
| 5.65%, 09/01/34 | &nbsp;&nbsp; 110 | 114847 |
| 5.80%, 11/01/30 | &nbsp;&nbsp; 115 | 121889 |
| 6.00%, 06/15/35 | &nbsp;&nbsp; 20 | 21303 |
| 6.05%, 09/01/33 | &nbsp;&nbsp; 395 | 424211 |
| 6.10%, 11/15/32 | &nbsp;&nbsp; 180 | 194306 |
| 6.35%, 01/15/31 | &nbsp;&nbsp; 125 | 135375 |
| Plains All American Pipeline LP, 5.95%, 06/15/35 | &nbsp;&nbsp; 195 | 205849 |
| Plains All American Pipeline LP/PAA Finance Corp. |  |  |
| 3.55%, 12/15/29 | &nbsp;&nbsp; 210 | 205814 |
| 3.80%, 09/15/30 | &nbsp;&nbsp; 225 | 220843 |
| 4.70%, 01/15/31 | &nbsp;&nbsp; 95 | 96464 |
| 5.60%, 01/15/36 | &nbsp;&nbsp; 295 | 302702 |
| 5.70%, 09/15/34 | &nbsp;&nbsp; 115 | 120034 |
| Sabine Pass Liquefaction LLC |  |  |
| 4.20%, 03/15/28 | &nbsp;&nbsp; 334 | 335255 |
| 4.50%, 05/15/30 | &nbsp;&nbsp; 467 | 472127 |
| 5.00%, 03/15/27 | &nbsp;&nbsp; 339 | 340578 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| South Bow USA Infrastructure Holdings LLC |  |  |
| 4.91%, 09/01/27 | &nbsp;&nbsp; $160 | $161660 |
| 5.03%, 10/01/29 | &nbsp;&nbsp; 110 | 112422 |
| 5.58%, 10/01/34 | &nbsp;&nbsp; 300 | 305649 |
| Targa Resources Corp. |  |  |
| 4.20%, 02/01/33 | &nbsp;&nbsp; 195 | 189462 |
| 4.35%, 01/15/29 | &nbsp;&nbsp; 160 | 161206 |
| 4.35%, 04/15/31 | &nbsp;&nbsp; 60 | 59996 |
| 4.90%, 09/15/30 | &nbsp;&nbsp; 150 | 153931 |
| 5.20%, 07/01/27 | &nbsp;&nbsp; 223 | 226563 |
| 5.50%, 02/15/35 | &nbsp;&nbsp; 85 | 87942 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 305 | 316094 |
| 5.65%, 02/15/36 | &nbsp;&nbsp; 100 | 104008 |
| 6.13%, 03/15/33 | &nbsp;&nbsp; 195 | 210943 |
| 6.15%, 03/01/29 | &nbsp;&nbsp; 250 | 264373 |
| 6.50%, 03/30/34 | &nbsp;&nbsp; 265 | 293402 |
| Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp.<br>|  |  |
| 4.00%, 01/15/32 | &nbsp;&nbsp; 255 | 247621 |
| 4.88%, 02/01/31 | &nbsp;&nbsp; 250 | 253130 |
| 5.00%, 01/15/28 | &nbsp;&nbsp; 55 | 55018 |
| 5.50%, 03/01/30 | &nbsp;&nbsp; 220 | 223826 |
| TC PipeLines LP, 3.90%, 05/25/27 | &nbsp;&nbsp; 140 | 139750 |
| Tennessee Gas Pipeline Co. LLC |  |  |
| 7.00%, 03/15/27 | &nbsp;&nbsp; 65 | 67060 |
| 7.00%, 10/15/28 | &nbsp;&nbsp; 90 | 96793 |
| Texas Eastern Transmission LP, 7.00%, 07/15/32 | &nbsp;&nbsp; 120 | 136475 |
| TransCanada PipeLines Ltd. |  |  |
| 4.10%, 04/15/30 | &nbsp;&nbsp; 355 | 354419 |
| 4.25%, 05/15/28 | &nbsp;&nbsp; 333 | 334826 |
| 4.63%, 03/01/34 | &nbsp;&nbsp; 310 | 307933 |
| 5.60%, 03/31/34 | &nbsp;&nbsp; 85 | 90128 |
| 7.00%, 06/01/65, (5-year CMT + 2.61%)<sup>(b)</sup> | &nbsp;&nbsp; 150 | 156033 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| 3.25%, 05/15/30 | &nbsp;&nbsp; 170 | 164501 |
| 4.00%, 03/15/28 | &nbsp;&nbsp; 115 | 115140 |
| 5.10%, 03/15/36<sup>(c)</sup> | &nbsp;&nbsp; 20 | 20362 |
| Valero Energy Partners LP, 4.50%, 03/15/28 | &nbsp;&nbsp; 90 | 90829 |
| Western Midstream Operating LP |  |  |
| 4.05%, 02/01/30 | &nbsp;&nbsp; 255 | 251866 |
| 4.50%, 03/01/28 | &nbsp;&nbsp; 50 | 50377 |
| 4.75%, 08/15/28 | &nbsp;&nbsp; 110 | 111594 |
| 4.80%, 03/01/31 | &nbsp;&nbsp; 75 | 75653 |
| 5.45%, 11/15/34 | &nbsp;&nbsp; 160 | 162690 |
| 5.50%, 12/15/35 | &nbsp;&nbsp; 45 | 45399 |
| 6.15%, 04/01/33 | &nbsp;&nbsp; 210 | 224527 |
| 6.35%, 01/15/29 | &nbsp;&nbsp; 125 | 132046 |
| Williams Companies, Inc.(The) |  |  |
| 2.60%, 03/15/31 | &nbsp;&nbsp; 349 | 322745 |
| 3.50%, 11/15/30 | &nbsp;&nbsp; 237 | 229631 |
| 3.75%, 06/15/27 | &nbsp;&nbsp; 344 | 343228 |
| 4.63%, 06/30/30 | &nbsp;&nbsp; 165 | 167891 |
| 4.65%, 08/15/32 | &nbsp;&nbsp; 275 | 278307 |
| 4.80%, 11/15/29 | &nbsp;&nbsp; 95 | 97293 |
| 4.90%, 03/15/29 | &nbsp;&nbsp; 255 | 261530 |
| 5.15%, 03/15/34 | &nbsp;&nbsp; 295 | 302319 |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 250 | 252777 |
| 5.30%, 08/15/28 | &nbsp;&nbsp; 125 | 129030 |
| 5.30%, 09/30/35 | &nbsp;&nbsp; 160 | 164243 |
| 5.60%, 03/15/35 | &nbsp;&nbsp; 225 | 236364 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 235 | 248574 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| 8.75%, 03/15/32 | &nbsp;&nbsp; $75 | $91432 |
| Series A, 7.50%, 01/15/31 | &nbsp;&nbsp; 75 | 85678 |
|  |  | 37990559 |
| **Private Equity — 0.0%** | **Private Equity — 0.0%** | **Private Equity — 0.0%** |
| Carlyle Group, Inc. (The), 5.05%, 09/19/35<sup>(a)</sup> | &nbsp;&nbsp; 125 | 123256 |
| KKR & Co., Inc., 5.10%, 08/07/35 | &nbsp;&nbsp; 160 | 157866 |
|  |  | 281122 |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| CBRE Services, Inc. |  |  |
| 2.50%, 04/01/31 | &nbsp;&nbsp; 184 | 168070 |
| 4.80%, 06/15/30 | &nbsp;&nbsp; 110 | 112130 |
| 4.90%, 01/15/33 | &nbsp;&nbsp; 105 | 106233 |
| 5.50%, 04/01/29 | &nbsp;&nbsp; 165 | 171362 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 100 | 103471 |
| 5.95%, 08/15/34 | &nbsp;&nbsp; 230 | 245866 |
| Jones Lang LaSalle, Inc., 6.88%, 12/01/28 | &nbsp;&nbsp; 80 | 85544 |
|  |  | 992676 |
| **Real Estate Investment Trusts — 1.4%** | **Real Estate Investment Trusts — 1.4%** | **Real Estate Investment Trusts — 1.4%** |
| Agree LP |  |  |
| 2.00%, 06/15/28 | &nbsp;&nbsp; 120 | 115075 |
| 2.60%, 06/15/33 | &nbsp;&nbsp; 65 | 56667 |
| 2.90%, 10/01/30 | &nbsp;&nbsp; 106 | 100238 |
| 4.80%, 10/01/32 | &nbsp;&nbsp; 75 | 76179 |
| 5.60%, 06/15/35 | &nbsp;&nbsp; 80 | 84398 |
| 5.63%, 06/15/34 | &nbsp;&nbsp; 75 | 79205 |
| Alexandria Real Estate Equities, Inc. |  |  |
| 1.88%, 02/01/33 | &nbsp;&nbsp; 210 | 174466 |
| 2.00%, 05/18/32 | &nbsp;&nbsp; 215 | 184539 |
| 2.75%, 12/15/29 | &nbsp;&nbsp; 130 | 123400 |
| 2.95%, 03/15/34 | &nbsp;&nbsp; 185 | 160980 |
| 3.38%, 08/15/31 | &nbsp;&nbsp; 175 | 164816 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 130 | 129719 |
| 4.50%, 07/30/29 | &nbsp;&nbsp; 75 | 75613 |
| 4.70%, 07/01/30 | &nbsp;&nbsp; 125 | 126805 |
| 4.75%, 04/15/35 | &nbsp;&nbsp; 85 | 82801 |
| 4.90%, 12/15/30 | &nbsp;&nbsp; 144 | 147016 |
| 5.25%, 03/15/36 | &nbsp;&nbsp; 150 | 149958 |
| 5.50%, 10/01/35 | &nbsp;&nbsp; 130 | 133493 |
| American Assets Trust LP |  |  |
| 3.38%, 02/01/31 | &nbsp;&nbsp; 120 | 110430 |
| 6.15%, 10/01/34 | &nbsp;&nbsp; 75 | 76692 |
| American Homes 4 Rent LP |  |  |
| 2.38%, 07/15/31 | &nbsp;&nbsp; 125 | 112557 |
| 3.63%, 04/15/32 | &nbsp;&nbsp; 139 | 131895 |
| 4.25%, 02/15/28 | &nbsp;&nbsp; 135 | 135273 |
| 4.90%, 02/15/29 | &nbsp;&nbsp; 185 | 188365 |
| 4.95%, 06/15/30 | &nbsp;&nbsp; 55 | 56073 |
| 5.25%, 03/15/35 | &nbsp;&nbsp; 85 | 85707 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 160 | 164962 |
| 5.50%, 07/15/34 | &nbsp;&nbsp; 100 | 102901 |
| American Tower Corp. |  |  |
| 1.50%, 01/31/28 | &nbsp;&nbsp; 145 | 138595 |
| 1.88%, 10/15/30 | &nbsp;&nbsp; 177 | 159681 |
| 2.10%, 06/15/30 | &nbsp;&nbsp; 185 | 169752 |
| 2.30%, 09/15/31 | &nbsp;&nbsp; 217 | 195190 |
| 2.70%, 04/15/31 | &nbsp;&nbsp; 185 | 171731 |
| 2.90%, 01/15/30 | &nbsp;&nbsp; 173 | 165251 |
| 3.55%, 07/15/27 | &nbsp;&nbsp; 200 | 198879 |
| 3.60%, 01/15/28 | &nbsp;&nbsp; 170 | 168772 |
| 3.65%, 03/15/27 | &nbsp;&nbsp; 170 | 169434 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 3.80%, 08/15/29 | &nbsp;&nbsp; $389 | $385288 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 164 | 163424 |
| 4.05%, 03/15/32 | &nbsp;&nbsp; 210 | 206672 |
| 4.70%, 12/15/32 | &nbsp;&nbsp; 65 | 65652 |
| 4.90%, 03/15/30 | &nbsp;&nbsp; 190 | 195243 |
| 5.00%, 01/31/30 | &nbsp;&nbsp; 125 | 128689 |
| 5.20%, 02/15/29 | &nbsp;&nbsp; 150 | 154800 |
| 5.25%, 07/15/28 | &nbsp;&nbsp; 170 | 174805 |
| 5.35%, 03/15/35 | &nbsp;&nbsp; 170 | 176308 |
| 5.40%, 01/31/35 | &nbsp;&nbsp; 145 | 150707 |
| 5.45%, 02/15/34 | &nbsp;&nbsp; 155 | 162159 |
| 5.50%, 03/15/28 | &nbsp;&nbsp; 170 | 174749 |
| 5.55%, 07/15/33 | &nbsp;&nbsp; 210 | 221573 |
| 5.65%, 03/15/33 | &nbsp;&nbsp; 235 | 249506 |
| 5.80%, 11/15/28 | &nbsp;&nbsp; 210 | 219273 |
| 5.90%, 11/15/33 | &nbsp;&nbsp; 180 | 194133 |
| Americold Realty Operating Partnership LP |  |  |
| 5.41%, 09/12/34 | &nbsp;&nbsp; 100 | 99124 |
| 5.60%, 05/15/32 | &nbsp;&nbsp; 95 | 97151 |
| AvalonBay Communities, Inc. |  |  |
| 1.90%, 12/01/28 | &nbsp;&nbsp; 205 | 194925 |
| 2.05%, 01/15/32 | &nbsp;&nbsp; 135 | 120030 |
| 2.30%, 03/01/30 | &nbsp;&nbsp; 180 | 168642 |
| 2.45%, 01/15/31 | &nbsp;&nbsp; 155 | 143649 |
| 3.20%, 01/15/28 | &nbsp;&nbsp; 150 | 148828 |
| 3.30%, 06/01/29 | &nbsp;&nbsp; 115 | 112858 |
| 3.35%, 05/15/27 | &nbsp;&nbsp; 147 | 146225 |
| 4.35%, 12/01/30 | &nbsp;&nbsp; 95 | 95936 |
| 5.00%, 02/15/33 | &nbsp;&nbsp; 75 | 77645 |
| 5.00%, 08/01/35 | &nbsp;&nbsp; 40 | 40872 |
| 5.30%, 12/07/33 | &nbsp;&nbsp; 85 | 89477 |
| 5.35%, 06/01/34 | &nbsp;&nbsp; 130 | 136595 |
| Boston Properties LP |  |  |
| 2.45%, 10/01/33 | &nbsp;&nbsp; 190 | 157215 |
| 2.55%, 04/01/32 | &nbsp;&nbsp; 205 | 180115 |
| 2.90%, 03/15/30 | &nbsp;&nbsp; 197 | 185922 |
| 3.25%, 01/30/31 | &nbsp;&nbsp; 275 | 258995 |
| 3.40%, 06/21/29 | &nbsp;&nbsp; 180 | 175334 |
| 4.50%, 12/01/28 | &nbsp;&nbsp; 255 | 257142 |
| 5.75%, 01/15/35 | &nbsp;&nbsp; 175 | 178328 |
| 6.50%, 01/15/34 | &nbsp;&nbsp; 165 | 176762 |
| 6.75%, 12/01/27 | &nbsp;&nbsp; 205 | 213932 |
| Brixmor Operating Partnership LP |  |  |
| 2.25%, 04/01/28 | &nbsp;&nbsp; 80 | 77255 |
| 2.50%, 08/16/31 | &nbsp;&nbsp; 155 | 140783 |
| 3.90%, 03/15/27 | &nbsp;&nbsp; 120 | 119849 |
| 4.05%, 07/01/30 | &nbsp;&nbsp; 160 | 158568 |
| 4.13%, 05/15/29 | &nbsp;&nbsp; 220 | 220300 |
| 4.85%, 02/15/33 | &nbsp;&nbsp; 40 | 40344 |
| 5.20%, 04/01/32 | &nbsp;&nbsp; 35 | 36154 |
| 5.50%, 02/15/34 | &nbsp;&nbsp; 60 | 62415 |
| 5.75%, 02/15/35 | &nbsp;&nbsp; 100 | 105798 |
| Broadstone Net Lease LLC |  |  |
| 2.60%, 09/15/31 | &nbsp;&nbsp; 95 | 85200 |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 80 | 80849 |
| Camden Property Trust |  |  |
| 2.80%, 05/15/30 | &nbsp;&nbsp; 195 | 185341 |
| 3.15%, 07/01/29 | &nbsp;&nbsp; 115 | 111920 |
| 4.10%, 10/15/28 | &nbsp;&nbsp; 163 | 163901 |
| 4.90%, 01/15/34 | &nbsp;&nbsp; 75 | 76577 |
| 4.90%, 02/28/36 | &nbsp;&nbsp; 100 | 100026 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/29 | &nbsp;&nbsp; $145 | $136898 |
| 2.75%, 04/15/31 | &nbsp;&nbsp; 100 | 92343 |
| 2.90%, 12/01/33 | &nbsp;&nbsp; 75 | 65092 |
| 4.50%, 10/15/30 | &nbsp;&nbsp; 85 | 85376 |
| Cousins Properties LP |  |  |
| 4.88%, 03/01/33 | &nbsp;&nbsp; 75 | 74336 |
| 5.25%, 07/15/30 | &nbsp;&nbsp; 155 | 160225 |
| 5.38%, 02/15/32 | &nbsp;&nbsp; 55 | 56799 |
| 5.88%, 10/01/34 | &nbsp;&nbsp; 140 | 146666 |
| Crown Castle, Inc. |  |  |
| 2.10%, 04/01/31 | &nbsp;&nbsp; 265 | 236397 |
| 2.25%, 01/15/31 | &nbsp;&nbsp; 265 | 239557 |
| 2.50%, 07/15/31 | &nbsp;&nbsp; 196 | 177193 |
| 2.90%, 03/15/27 | &nbsp;&nbsp; 155 | 153285 |
| 3.10%, 11/15/29 | &nbsp;&nbsp; 140 | 134409 |
| 3.30%, 07/01/30 | &nbsp;&nbsp; 185 | 177122 |
| 3.65%, 09/01/27 | &nbsp;&nbsp; 293 | 291674 |
| 3.80%, 02/15/28 | &nbsp;&nbsp; 269 | 267907 |
| 4.00%, 03/01/27 | &nbsp;&nbsp; 124 | 123962 |
| 4.30%, 02/15/29 | &nbsp;&nbsp; 175 | 175745 |
| 4.80%, 09/01/28 | &nbsp;&nbsp; 145 | 147417 |
| 4.90%, 09/01/29 | &nbsp;&nbsp; 130 | 132530 |
| 5.00%, 01/11/28 | &nbsp;&nbsp; 265 | 269451 |
| 5.10%, 05/01/33 | &nbsp;&nbsp; 195 | 198832 |
| 5.20%, 09/01/34 | &nbsp;&nbsp; 190 | 194216 |
| 5.60%, 06/01/29 | &nbsp;&nbsp; 180 | 187513 |
| 5.80%, 03/01/34 | &nbsp;&nbsp; 180 | 190803 |
| CubeSmart LP |  |  |
| 2.00%, 02/15/31 | &nbsp;&nbsp; 90 | 80515 |
| 2.25%, 12/15/28 | &nbsp;&nbsp; 140 | 133454 |
| 2.50%, 02/15/32 | &nbsp;&nbsp; 110 | 98736 |
| 3.00%, 02/15/30 | &nbsp;&nbsp; 85 | 81435 |
| 4.38%, 02/15/29 | &nbsp;&nbsp; 140 | 141143 |
| 5.13%, 11/01/35 | &nbsp;&nbsp; 35 | 35624 |
| Digital Realty Trust LP |  |  |
| 3.60%, 07/01/29 | &nbsp;&nbsp; 256 | 252691 |
| 3.70%, 08/15/27 | &nbsp;&nbsp; 271 | 270000 |
| 4.45%, 07/15/28 | &nbsp;&nbsp; 176 | 177736 |
| 5.55%, 01/15/28 | &nbsp;&nbsp; 202 | 207756 |
| DOC DR LLC |  |  |
| 2.63%, 11/01/31 | &nbsp;&nbsp; 155 | 140834 |
| 3.95%, 01/15/28 | &nbsp;&nbsp; 105 | 104880 |
| 4.30%, 03/15/27 | &nbsp;&nbsp; 130 | 130285 |
| EPR Properties |  |  |
| 3.60%, 11/15/31 | &nbsp;&nbsp; 100 | 93909 |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 100 | 97535 |
| 4.50%, 06/01/27 | &nbsp;&nbsp; 100 | 100110 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 75 | 75161 |
| 4.95%, 04/15/28 | &nbsp;&nbsp; 100 | 101150 |
| Equinix Asia Financing Corp. Pte Ltd., 4.40%, <br> 03/15/31<br>| &nbsp;&nbsp; 195 | 194843 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| 4.60%, 11/15/30 | &nbsp;&nbsp; 190 | 192083 |
| 4.70%, 03/15/33 | &nbsp;&nbsp; 250 | 250950 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 150 | 156568 |
| Equinix, Inc. |  |  |
| 1.55%, 03/15/28 | &nbsp;&nbsp; 145 | 138183 |
| 1.80%, 07/15/27 | &nbsp;&nbsp; 155 | 150557 |
| 2.00%, 05/15/28 | &nbsp;&nbsp; 85 | 81444 |
| 2.15%, 07/15/30 | &nbsp;&nbsp; 265 | 242426 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 2.50%, 05/15/31 | &nbsp;&nbsp; $210 | $191564 |
| 3.20%, 11/18/29 | &nbsp;&nbsp; 273 | 263800 |
| 3.90%, 04/15/32 | &nbsp;&nbsp; 249 | 241078 |
| ERP Operating LP |  |  |
| 1.85%, 08/01/31 | &nbsp;&nbsp; 125 | 111509 |
| 2.50%, 02/15/30 | &nbsp;&nbsp; 150 | 142048 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 163 | 158411 |
| 3.25%, 08/01/27 | &nbsp;&nbsp; 160 | 158830 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 125 | 124160 |
| 4.15%, 12/01/28 | &nbsp;&nbsp; 119 | 119796 |
| 4.65%, 09/15/34 | &nbsp;&nbsp; 90 | 90081 |
| 4.95%, 06/15/32 | &nbsp;&nbsp; 120 | 123816 |
| Essential Properties LP |  |  |
| 2.95%, 07/15/31 | &nbsp;&nbsp; 115 | 106039 |
| 5.40%, 12/01/35 | &nbsp;&nbsp; 75 | 76312 |
| Essex Portfolio LP |  |  |
| 1.65%, 01/15/31 | &nbsp;&nbsp; 69 | 60889 |
| 1.70%, 03/01/28 | &nbsp;&nbsp; 140 | 134069 |
| 2.55%, 06/15/31 | &nbsp;&nbsp; 45 | 41172 |
| 2.65%, 03/15/32 | &nbsp;&nbsp; 90 | 81127 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 150 | 143702 |
| 3.63%, 05/01/27 | &nbsp;&nbsp; 125 | 124695 |
| 4.00%, 03/01/29 | &nbsp;&nbsp; 145 | 144704 |
| 4.88%, 02/15/36 | &nbsp;&nbsp; 75 | 74158 |
| 5.38%, 04/01/35 | &nbsp;&nbsp; 90 | 92860 |
| 5.50%, 04/01/34 | &nbsp;&nbsp; 85 | 88420 |
| Extra Space Storage LP |  |  |
| 2.20%, 10/15/30 | &nbsp;&nbsp; 105 | 95970 |
| 2.35%, 03/15/32 | &nbsp;&nbsp; 150 | 132441 |
| 2.40%, 10/15/31 | &nbsp;&nbsp; 145 | 129951 |
| 2.55%, 06/01/31 | &nbsp;&nbsp; 105 | 95956 |
| 3.88%, 12/15/27 | &nbsp;&nbsp; 155 | 154848 |
| 3.90%, 04/01/29 | &nbsp;&nbsp; 100 | 99441 |
| 4.00%, 06/15/29 | &nbsp;&nbsp; 110 | 109674 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 135 | 136948 |
| 5.35%, 01/15/35 | &nbsp;&nbsp; 105 | 108074 |
| 5.40%, 02/01/34 | &nbsp;&nbsp; 100 | 103100 |
| 5.40%, 06/15/35 | &nbsp;&nbsp; 120 | 123892 |
| 5.50%, 07/01/30 | &nbsp;&nbsp; 190 | 198658 |
| 5.70%, 04/01/28 | &nbsp;&nbsp; 175 | 180666 |
| 5.90%, 01/15/31 | &nbsp;&nbsp; 125 | 133084 |
| Federal Realty OP LP |  |  |
| 3.20%, 06/15/29 | &nbsp;&nbsp; 130 | 126508 |
| 3.25%, 07/15/27 | &nbsp;&nbsp; 150 | 148601 |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 115 | 111736 |
| 5.38%, 05/01/28 | &nbsp;&nbsp; 90 | 92464 |
| First Industrial LP, 5.25%, 01/15/31 | &nbsp;&nbsp; 75 | 77142 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 3.25%, 01/15/32 | &nbsp;&nbsp; 255 | 232804 |
| 4.00%, 01/15/30 | &nbsp;&nbsp; 222 | 216705 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 125 | 120415 |
| 5.25%, 02/15/33 | &nbsp;&nbsp; 65 | 65738 |
| 5.30%, 01/15/29 | &nbsp;&nbsp; 172 | 175526 |
| 5.63%, 09/15/34 | &nbsp;&nbsp; 185 | 188229 |
| 5.63%, 03/01/36 | &nbsp;&nbsp; 85 | 85003 |
| 5.75%, 06/01/28 | &nbsp;&nbsp; 131 | 134305 |
| 6.75%, 12/01/33 | &nbsp;&nbsp; 80 | 86586 |
| Healthcare Realty Holdings LP |  |  |
| 2.00%, 03/15/31 | &nbsp;&nbsp; 182 | 161375 |
| 3.10%, 02/15/30 | &nbsp;&nbsp; 155 | 148387 |
| 3.75%, 07/01/27 | &nbsp;&nbsp; 159 | 158433 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Healthpeak OP LLC |  |  |
| 2.13%, 12/01/28 | &nbsp;&nbsp; $145 | $137887 |
| 2.88%, 01/15/31 | &nbsp;&nbsp; 155 | 145171 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 185 | 176969 |
| 3.50%, 07/15/29 | &nbsp;&nbsp; 150 | 147065 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 50 | 50209 |
| 5.25%, 12/15/32 | &nbsp;&nbsp; 30 | 30984 |
| 5.38%, 02/15/35 | &nbsp;&nbsp; 145 | 149401 |
| Highwoods Realty LP |  |  |
| 2.60%, 02/01/31 | &nbsp;&nbsp; 75 | 67471 |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 105 | 98892 |
| 3.88%, 03/01/27 | &nbsp;&nbsp; 30 | 29867 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 20 | 19874 |
| 4.20%, 04/15/29 | &nbsp;&nbsp; 60 | 59383 |
| 5.35%, 01/15/33 | &nbsp;&nbsp; 25 | 25100 |
| 7.65%, 02/01/34 | &nbsp;&nbsp; 50 | 56970 |
| Host Hotels & Resorts LP |  |  |
| 4.25%, 12/15/28 | &nbsp;&nbsp; 15 | 15067 |
| 5.50%, 04/15/35 | &nbsp;&nbsp; 145 | 147977 |
| 5.70%, 06/15/32 | &nbsp;&nbsp; 130 | 136929 |
| 5.70%, 07/01/34 | &nbsp;&nbsp; 115 | 119664 |
| Series H, 3.38%, 12/15/29 | &nbsp;&nbsp; 165 | 159837 |
| Series I, 3.50%, 09/15/30 | &nbsp;&nbsp; 175 | 167822 |
| Series J, 2.90%, 12/15/31 | &nbsp;&nbsp; 95 | 86779 |
| Invitation Homes Operating Partnership LP |  |  |
| 2.00%, 08/15/31 | &nbsp;&nbsp; 235 | 207075 |
| 2.30%, 11/15/28 | &nbsp;&nbsp; 170 | 161730 |
| 2.70%, 01/15/34 | &nbsp;&nbsp; 60 | 51524 |
| 4.15%, 04/15/32 | &nbsp;&nbsp; 95 | 92482 |
| 4.88%, 02/01/35 | &nbsp;&nbsp; 110 | 108977 |
| 4.95%, 01/15/33 | &nbsp;&nbsp; 105 | 105755 |
| 5.45%, 08/15/30 | &nbsp;&nbsp; 130 | 135443 |
| 5.50%, 08/15/33 | &nbsp;&nbsp; 95 | 98135 |
| Kilroy Realty LP |  |  |
| 2.50%, 11/15/32 | &nbsp;&nbsp; 95 | 79748 |
| 2.65%, 11/15/33 | &nbsp;&nbsp; 185 | 151198 |
| 3.05%, 02/15/30 | &nbsp;&nbsp; 135 | 125486 |
| 4.25%, 08/15/29 | &nbsp;&nbsp; 95 | 93332 |
| 4.75%, 12/15/28 | &nbsp;&nbsp; 135 | 135654 |
| Kimco Realty OP LLC |  |  |
| 1.90%, 03/01/28 | &nbsp;&nbsp; 145 | 139735 |
| 2.25%, 12/01/31 | &nbsp;&nbsp; 170 | 153028 |
| 2.70%, 10/01/30 | &nbsp;&nbsp; 120 | 113775 |
| 3.20%, 04/01/32 | &nbsp;&nbsp; 70 | 65779 |
| 3.80%, 04/01/27 | &nbsp;&nbsp; 150 | 150018 |
| 4.60%, 02/01/33 | &nbsp;&nbsp; 155 | 156409 |
| 4.85%, 03/01/35 | &nbsp;&nbsp; 55 | 55553 |
| 6.40%, 03/01/34 | &nbsp;&nbsp; 100 | 111280 |
| Kite Realty Group LP |  |  |
| 4.95%, 12/15/31 | &nbsp;&nbsp; 45 | 45971 |
| 5.20%, 08/15/32 | &nbsp;&nbsp; 85 | 87425 |
| 5.50%, 03/01/34 | &nbsp;&nbsp; 70 | 72910 |
| Kite Realty Group Trust, 4.75%, 09/15/30 | &nbsp;&nbsp; 100 | 102062 |
| Ladder Capital Finance Holdings LLLP/Ladder <br> Capital Finance Corp., 5.50%, 08/01/30<sup>(a)</sup><br>| &nbsp;&nbsp; 15 | 15393 |
| Lineage OP LP, 5.25%, 07/15/30 | &nbsp;&nbsp; 30 | 30591 |
| LXP Industrial Trust |  |  |
| 2.38%, 10/01/31 | &nbsp;&nbsp; 100 | 88723 |
| 2.70%, 09/15/30 | &nbsp;&nbsp; 91 | 84392 |
| Mid-America Apartments LP |  |  |
| 1.70%, 02/15/31 | &nbsp;&nbsp; 110 | 97736 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 2.75%, 03/15/30 | &nbsp;&nbsp; $110 | $104954 |
| 3.60%, 06/01/27 | &nbsp;&nbsp; 203 | 202414 |
| 3.95%, 03/15/29 | &nbsp;&nbsp; 145 | 145054 |
| 4.20%, 06/15/28 | &nbsp;&nbsp; 125 | 125813 |
| 4.65%, 01/15/33 | &nbsp;&nbsp; 90 | 90525 |
| 4.95%, 03/01/35 | &nbsp;&nbsp; 25 | 25378 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 80 | 81401 |
| 5.30%, 02/15/32 | &nbsp;&nbsp; 90 | 94615 |
| National Health Investors, Inc. |  |  |
| 3.00%, 02/01/31 | &nbsp;&nbsp; 115 | 105502 |
| 5.35%, 02/01/33 | &nbsp;&nbsp; 60 | 60744 |
| NNN REIT, Inc. |  |  |
| 2.50%, 04/15/30 | &nbsp;&nbsp; 60 | 56235 |
| 3.50%, 10/15/27 | &nbsp;&nbsp; 125 | 124256 |
| 4.30%, 10/15/28 | &nbsp;&nbsp; 137 | 137934 |
| 4.60%, 02/15/31 | &nbsp;&nbsp; 95 | 96244 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 85 | 88905 |
| 5.60%, 10/15/33 | &nbsp;&nbsp; 140 | 147762 |
| Omega Healthcare Investors, Inc. |  |  |
| 3.25%, 04/15/33 | &nbsp;&nbsp; 120 | 108327 |
| 3.38%, 02/01/31 | &nbsp;&nbsp; 170 | 160360 |
| 3.63%, 10/01/29 | &nbsp;&nbsp; 145 | 141268 |
| 4.50%, 04/01/27 | &nbsp;&nbsp; 265 | 265458 |
| 4.75%, 01/15/28 | &nbsp;&nbsp; 129 | 130249 |
| 5.20%, 07/01/30 | &nbsp;&nbsp; 60 | 61498 |
| Phillips Edison Grocery Center Operating <br> Partnership I LP<br>|  |  |
| 2.63%, 11/15/31 | &nbsp;&nbsp; 115 | 104418 |
| 4.95%, 01/15/35 | &nbsp;&nbsp; 50 | 50026 |
| 5.25%, 08/15/32 | &nbsp;&nbsp; 55 | 56788 |
| 5.75%, 07/15/34 | &nbsp;&nbsp; 105 | 111163 |
| Piedmont Operating Partnership LP |  |  |
| 2.75%, 04/01/32 | &nbsp;&nbsp; 55 | 47939 |
| 3.15%, 08/15/30 | &nbsp;&nbsp; 74 | 68678 |
| 5.63%, 01/15/33 | &nbsp;&nbsp; 50 | 50216 |
| 6.88%, 07/15/29 | &nbsp;&nbsp; 70 | 74389 |
| Prologis LP |  |  |
| 1.25%, 10/15/30 | &nbsp;&nbsp; 175 | 154777 |
| 1.63%, 03/15/31 | &nbsp;&nbsp; 125 | 111217 |
| 1.75%, 07/01/30 | &nbsp;&nbsp; 85 | 77291 |
| 1.75%, 02/01/31 | &nbsp;&nbsp; 110 | 98416 |
| 2.13%, 04/15/27 | &nbsp;&nbsp; 201 | 197416 |
| 2.25%, 04/15/30 | &nbsp;&nbsp; 230 | 215358 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 155 | 139468 |
| 2.88%, 11/15/29 | &nbsp;&nbsp; 90 | 86729 |
| 3.38%, 12/15/27 | &nbsp;&nbsp; 165 | 163937 |
| 3.88%, 09/15/28 | &nbsp;&nbsp; 109 | 109055 |
| 4.00%, 09/15/28 | &nbsp;&nbsp; 105 | 105353 |
| 4.38%, 02/01/29 | &nbsp;&nbsp; 94 | 95249 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 80 | 81168 |
| 4.75%, 01/15/31 | &nbsp;&nbsp; 135 | 139081 |
| 4.75%, 06/15/33 | &nbsp;&nbsp; 165 | 168004 |
| 4.88%, 06/15/28 | &nbsp;&nbsp; 145 | 148357 |
| 5.00%, 03/15/34 | &nbsp;&nbsp; 195 | 200058 |
| 5.00%, 01/31/35 | &nbsp;&nbsp; 135 | 137980 |
| 5.13%, 01/15/34 | &nbsp;&nbsp; 150 | 155353 |
| 5.25%, 05/15/35 | &nbsp;&nbsp; 185 | 192472 |
| Public Storage Operating Co. |  |  |
| 1.85%, 05/01/28 | &nbsp;&nbsp; 177 | 169832 |
| 1.95%, 11/09/28 | &nbsp;&nbsp; 175 | 166763 |
| 2.25%, 11/09/31 | &nbsp;&nbsp; 125 | 113117 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 2.30%, 05/01/31 | &nbsp;&nbsp; $145 | $132954 |
| 3.09%, 09/15/27 | &nbsp;&nbsp; 130 | 129026 |
| 3.39%, 05/01/29 | &nbsp;&nbsp; 126 | 124375 |
| 4.38%, 07/01/30 | &nbsp;&nbsp; 105 | 106632 |
| 5.00%, 07/01/35 | &nbsp;&nbsp; 100 | 102737 |
| 5.10%, 08/01/33 | &nbsp;&nbsp; 110 | 114621 |
| 5.13%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 135 | 139889 |
| Rayonier LP, 2.75%, 05/17/31 | &nbsp;&nbsp; 131 | 119878 |
| Realty Income Corp. |  |  |
| 1.80%, 03/15/33 | &nbsp;&nbsp; 85 | 71625 |
| 2.10%, 03/15/28 | &nbsp;&nbsp; 115 | 110971 |
| 2.20%, 06/15/28 | &nbsp;&nbsp; 135 | 130099 |
| 2.70%, 02/15/32 | &nbsp;&nbsp; 80 | 73217 |
| 2.85%, 12/15/32 | &nbsp;&nbsp; 145 | 131929 |
| 3.10%, 12/15/29 | &nbsp;&nbsp; 155 | 150346 |
| 3.20%, 02/15/31 | &nbsp;&nbsp; 115 | 109950 |
| 3.25%, 06/15/29 | &nbsp;&nbsp; 55 | 53872 |
| 3.25%, 01/15/31 | &nbsp;&nbsp; 254 | 243682 |
| 3.40%, 01/15/28 | &nbsp;&nbsp; 110 | 109059 |
| 3.40%, 01/15/30 | &nbsp;&nbsp; 130 | 127043 |
| 3.65%, 01/15/28 | &nbsp;&nbsp; 130 | 129563 |
| 3.95%, 08/15/27 | &nbsp;&nbsp; 195 | 195301 |
| 3.95%, 02/01/29 | &nbsp;&nbsp; 115 | 115225 |
| 4.00%, 07/15/29 | &nbsp;&nbsp; 130 | 130119 |
| 4.50%, 02/01/33 | &nbsp;&nbsp; 100 | 100200 |
| 4.70%, 12/15/28 | &nbsp;&nbsp; 180 | 183600 |
| 4.75%, 02/15/29 | &nbsp;&nbsp; 115 | 117606 |
| 4.85%, 03/15/30 | &nbsp;&nbsp; 100 | 103101 |
| 4.90%, 07/15/33 | &nbsp;&nbsp; 195 | 199499 |
| 5.13%, 02/15/34 | &nbsp;&nbsp; 185 | 191370 |
| 5.13%, 04/15/35 | &nbsp;&nbsp; 15 | 15424 |
| 5.63%, 10/13/32 | &nbsp;&nbsp; 164 | 175300 |
| Regency Centers LP |  |  |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 150 | 145002 |
| 3.70%, 06/15/30 | &nbsp;&nbsp; 125 | 123406 |
| 4.13%, 03/15/28 | &nbsp;&nbsp; 70 | 70362 |
| 4.50%, 03/15/33 | &nbsp;&nbsp; 45 | 44992 |
| 5.00%, 07/15/32 | &nbsp;&nbsp; 85 | 87483 |
| 5.10%, 01/15/35 | &nbsp;&nbsp; 60 | 61333 |
| 5.25%, 01/15/34 | &nbsp;&nbsp; 85 | 88149 |
| Rexford Industrial Realty LP |  |  |
| 2.13%, 12/01/30 | &nbsp;&nbsp; 50 | 45289 |
| 2.15%, 09/01/31 | &nbsp;&nbsp; 140 | 124262 |
| 5.00%, 06/15/28 | &nbsp;&nbsp; 90 | 91541 |
| Sabra Health Care LP |  |  |
| 3.20%, 12/01/31 | &nbsp;&nbsp; 150 | 138744 |
| 3.90%, 10/15/29 | &nbsp;&nbsp; 110 | 108319 |
| Safehold GL Holdings LLC |  |  |
| 2.80%, 06/15/31 | &nbsp;&nbsp; 105 | 96995 |
| 2.85%, 01/15/32<sup>(a)</sup> | &nbsp;&nbsp; 80 | 73156 |
| 5.65%, 01/15/35 | &nbsp;&nbsp; 90 | 93900 |
| 6.10%, 04/01/34<sup>(a)</sup> | &nbsp;&nbsp; 65 | 70094 |
| Simon Property Group LP |  |  |
| 1.75%, 02/01/28 | &nbsp;&nbsp; 210 | 202206 |
| 2.20%, 02/01/31 | &nbsp;&nbsp; 160 | 146016 |
| 2.25%, 01/15/32 | &nbsp;&nbsp; 190 | 169897 |
| 2.45%, 09/13/29 | &nbsp;&nbsp; 290 | 275629 |
| 2.65%, 07/15/30 | &nbsp;&nbsp; 160 | 151190 |
| 2.65%, 02/01/32 | &nbsp;&nbsp; 155 | 141303 |
| 3.38%, 06/15/27 | &nbsp;&nbsp; 180 | 179117 |
| 3.38%, 12/01/27 | &nbsp;&nbsp; 187 | 185762 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| 4.30%, 01/15/31 | &nbsp;&nbsp; $75 | $75437 |
| 4.38%, 10/01/30 | &nbsp;&nbsp; 195 | 197389 |
| 4.75%, 09/26/34 | &nbsp;&nbsp; 145 | 145813 |
| 5.13%, 10/01/35 | &nbsp;&nbsp; 235 | 240680 |
| 5.50%, 03/08/33 | &nbsp;&nbsp; 140 | 148527 |
| 6.25%, 01/15/34 | &nbsp;&nbsp; 110 | 121560 |
| Store Capital LLC |  |  |
| 2.70%, 12/01/31 | &nbsp;&nbsp; 90 | 80576 |
| 2.75%, 11/18/30 | &nbsp;&nbsp; 100 | 91932 |
| 4.50%, 03/15/28 | &nbsp;&nbsp; 95 | 95400 |
| 4.63%, 03/15/29 | &nbsp;&nbsp; 65 | 65278 |
| 4.95%, 02/11/31<sup>(c)</sup> | &nbsp;&nbsp; 50 | 50457 |
| 5.40%, 04/30/30 | &nbsp;&nbsp; 115 | 118147 |
| Sun Communities Operating LP |  |  |
| 2.30%, 11/01/28 | &nbsp;&nbsp; 150 | 143274 |
| 2.70%, 07/15/31 | &nbsp;&nbsp; 145 | 133077 |
| 4.20%, 04/15/32 | &nbsp;&nbsp; 175 | 171609 |
| Tanger Properties LP |  |  |
| 2.75%, 09/01/31 | &nbsp;&nbsp; 115 | 105201 |
| 3.88%, 07/15/27 | &nbsp;&nbsp; 25 | 24937 |
| UDR, Inc. |  |  |
| 1.90%, 03/15/33 | &nbsp;&nbsp; 60 | 50285 |
| 2.10%, 08/01/32 | &nbsp;&nbsp; 105 | 91483 |
| 2.10%, 06/15/33 | &nbsp;&nbsp; 45 | 37945 |
| 3.00%, 08/15/31 | &nbsp;&nbsp; 125 | 117000 |
| 3.10%, 11/01/34 | &nbsp;&nbsp; 85 | 74793 |
| 3.20%, 01/15/30 | &nbsp;&nbsp; 175 | 169733 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 110 | 109422 |
| 3.50%, 01/15/28 | &nbsp;&nbsp; 80 | 79369 |
| 4.40%, 01/26/29 | &nbsp;&nbsp; 105 | 106097 |
| 5.13%, 09/01/34 | &nbsp;&nbsp; 80 | 81765 |
| Ventas Realty LP |  |  |
| 2.50%, 09/01/31 | &nbsp;&nbsp; 90 | 81772 |
| 3.00%, 01/15/30 | &nbsp;&nbsp; 170 | 162779 |
| 3.85%, 04/01/27 | &nbsp;&nbsp; 155 | 154754 |
| 4.00%, 03/01/28 | &nbsp;&nbsp; 115 | 114983 |
| 4.40%, 01/15/29 | &nbsp;&nbsp; 186 | 187781 |
| 4.75%, 11/15/30 | &nbsp;&nbsp; 130 | 132647 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 100 | 100897 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 85 | 84928 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 150 | 154996 |
| 5.63%, 07/01/34 | &nbsp;&nbsp; 70 | 73667 |
| VICI Properties LP |  |  |
| 4.75%, 02/15/28 | &nbsp;&nbsp; 315 | 317967 |
| 4.75%, 04/01/28 | &nbsp;&nbsp; 105 | 106049 |
| 4.95%, 02/15/30 | &nbsp;&nbsp; 235 | 238936 |
| 5.13%, 11/15/31 | &nbsp;&nbsp; 140 | 142462 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 395 | 399973 |
| 5.63%, 04/01/35 | &nbsp;&nbsp; 195 | 200718 |
| 5.75%, 04/01/34 | &nbsp;&nbsp; 135 | 140353 |
| Welltower OP LLC |  |  |
| 2.05%, 01/15/29 | &nbsp;&nbsp; 100 | 95066 |
| 2.75%, 01/15/31 | &nbsp;&nbsp; 145 | 136327 |
| 2.75%, 01/15/32 | &nbsp;&nbsp; 120 | 110673 |
| 2.80%, 06/01/31 | &nbsp;&nbsp; 155 | 144892 |
| 3.10%, 01/15/30 | &nbsp;&nbsp; 258 | 249432 |
| 3.85%, 06/15/32 | &nbsp;&nbsp; 135 | 131930 |
| 4.13%, 03/15/29 | &nbsp;&nbsp; 145 | 145810 |
| 4.25%, 04/15/28 | &nbsp;&nbsp; 210 | 211636 |
| 4.50%, 07/01/30 | &nbsp;&nbsp; 185 | 188242 |
| 5.13%, 07/01/35 | &nbsp;&nbsp; 190 | 195730 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Weyerhaeuser Co. |  |  |
| 3.38%, 03/09/33 | &nbsp;&nbsp; $100 | $92691 |
| 4.00%, 11/15/29 | &nbsp;&nbsp; 200 | 199069 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 172 | 170661 |
| 6.95%, 10/01/27 | &nbsp;&nbsp; 65 | 67959 |
| 7.38%, 03/15/32 | &nbsp;&nbsp; 160 | 183496 |
| WP Carey, Inc. |  |  |
| 2.25%, 04/01/33 | &nbsp;&nbsp; 35 | 29831 |
| 2.40%, 02/01/31 | &nbsp;&nbsp; 95 | 86634 |
| 2.45%, 02/01/32 | &nbsp;&nbsp; 95 | 85036 |
| 3.85%, 07/15/29 | &nbsp;&nbsp; 170 | 168715 |
| 4.65%, 07/15/30 | &nbsp;&nbsp; 70 | 70981 |
| 5.38%, 06/30/34 | &nbsp;&nbsp; 135 | 140354 |
|  |  | 54955101 |
| **Retail — 0.7%** | **Retail — 0.7%** | **Retail — 0.7%** |
| AutoNation, Inc. |  |  |
| 1.95%, 08/01/28 | &nbsp;&nbsp; 70 | 66642 |
| 2.40%, 08/01/31 | &nbsp;&nbsp; 112 | 100694 |
| 3.80%, 11/15/27 | &nbsp;&nbsp; 80 | 79698 |
| 3.85%, 03/01/32 | &nbsp;&nbsp; 175 | 166954 |
| 4.45%, 01/15/29 | &nbsp;&nbsp; 75 | 75534 |
| 4.75%, 06/01/30 | &nbsp;&nbsp; 92 | 93328 |
| 5.89%, 03/15/35 | &nbsp;&nbsp; 95 | 99096 |
| AutoZone, Inc. |  |  |
| 1.65%, 01/15/31 | &nbsp;&nbsp; 130 | 115182 |
| 3.75%, 06/01/27 | &nbsp;&nbsp; 160 | 159648 |
| 3.75%, 04/18/29 | &nbsp;&nbsp; 114 | 113129 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 180 | 179195 |
| 4.50%, 02/01/28 | &nbsp;&nbsp; 140 | 141450 |
| 4.75%, 08/01/32 | &nbsp;&nbsp; 190 | 192824 |
| 4.75%, 02/01/33 | &nbsp;&nbsp; 150 | 151767 |
| 5.10%, 07/15/29 | &nbsp;&nbsp; 140 | 144354 |
| 5.13%, 06/15/30 | &nbsp;&nbsp; 60 | 62175 |
| 5.20%, 08/01/33 | &nbsp;&nbsp; 75 | 77815 |
| 5.40%, 07/15/34 | &nbsp;&nbsp; 130 | 135745 |
| 6.25%, 11/01/28 | &nbsp;&nbsp; 90 | 95053 |
| 6.55%, 11/01/33 | &nbsp;&nbsp; 120 | 134083 |
| Best Buy Co., Inc. |  |  |
| 1.95%, 10/01/30 | &nbsp;&nbsp; 190 | 171749 |
| 4.45%, 10/01/28 | &nbsp;&nbsp; 143 | 144540 |
| Costco Wholesale Corp. |  |  |
| 1.38%, 06/20/27 | &nbsp;&nbsp; 350 | 340112 |
| 1.60%, 04/20/30 | &nbsp;&nbsp; 482 | 441301 |
| 1.75%, 04/20/32 | &nbsp;&nbsp; 290 | 254707 |
| 3.00%, 05/18/27 | &nbsp;&nbsp; 275 | 273244 |
| Darden Restaurants, Inc. |  |  |
| 3.85%, 05/01/27 | &nbsp;&nbsp; 104 | 103816 |
| 4.35%, 10/15/27 | &nbsp;&nbsp; 145 | 145783 |
| 4.55%, 10/15/29 | &nbsp;&nbsp; 135 | 136784 |
| 6.30%, 10/10/33 | &nbsp;&nbsp; 115 | 126093 |
| Dick's Sporting Goods, Inc. |  |  |
| 3.15%, 01/15/32 | &nbsp;&nbsp; 220 | 204360 |
| 4.00%, 10/01/29<sup>(c)</sup> | &nbsp;&nbsp; 20 | 19792 |
| Dollar General Corp. |  |  |
| 3.50%, 04/03/30 | &nbsp;&nbsp; 229 | 222719 |
| 4.13%, 05/01/28 | &nbsp;&nbsp; 120 | 120404 |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 155 | 158988 |
| 5.20%, 07/05/28 | &nbsp;&nbsp; 105 | 107724 |
| 5.45%, 07/05/33<sup>(a)</sup> | &nbsp;&nbsp; 180 | 188667 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Dollar Tree, Inc. |  |  |
| 2.65%, 12/01/31 | &nbsp;&nbsp; $215 | $196573 |
| 4.20%, 05/15/28 | &nbsp;&nbsp; 295 | 295998 |
| Ferguson Enterprises, Inc. |  |  |
| 4.35%, 03/15/31 | &nbsp;&nbsp; 155 | 155428 |
| 5.00%, 10/03/34 | &nbsp;&nbsp; 170 | 172633 |
| Genuine Parts Co. |  |  |
| 1.88%, 11/01/30 | &nbsp;&nbsp; 130 | 114795 |
| 2.75%, 02/01/32 | &nbsp;&nbsp; 120 | 106319 |
| 4.95%, 08/15/29 | &nbsp;&nbsp; 170 | 172195 |
| 6.50%, 11/01/28 | &nbsp;&nbsp; 120 | 125933 |
| 6.88%, 11/01/33<sup>(a)</sup> | &nbsp;&nbsp; 95 | 104896 |
| Home Depot, Inc.(The) |  |  |
| 0.90%, 03/15/28 | &nbsp;&nbsp; 135 | 127899 |
| 1.38%, 03/15/31 | &nbsp;&nbsp; 300 | 264183 |
| 1.50%, 09/15/28 | &nbsp;&nbsp; 305 | 289352 |
| 1.88%, 09/15/31 | &nbsp;&nbsp; 250 | 223192 |
| 2.50%, 04/15/27 | &nbsp;&nbsp; 190 | 187634 |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 362 | 345805 |
| 2.80%, 09/14/27 | &nbsp;&nbsp; 288 | 284569 |
| 2.88%, 04/15/27 | &nbsp;&nbsp; 200 | 198273 |
| 2.95%, 06/15/29 | &nbsp;&nbsp; 413 | 402122 |
| 3.25%, 04/15/32 | &nbsp;&nbsp; 265 | 252856 |
| 3.75%, 09/15/28 | &nbsp;&nbsp; 80 | 80400 |
| 3.90%, 12/06/28 | &nbsp;&nbsp; 212 | 213090 |
| 3.95%, 09/15/30 | &nbsp;&nbsp; 90 | 90336 |
| 4.50%, 09/15/32 | &nbsp;&nbsp; 295 | 300930 |
| 4.65%, 09/15/35 | &nbsp;&nbsp; 180 | 179916 |
| 4.75%, 06/25/29 | &nbsp;&nbsp; 300 | 308866 |
| 4.85%, 06/25/31 | &nbsp;&nbsp; 245 | 255407 |
| 4.88%, 06/25/27 | &nbsp;&nbsp; 230 | 233446 |
| 4.90%, 04/15/29 | &nbsp;&nbsp; 190 | 196106 |
| 4.95%, 06/25/34 | &nbsp;&nbsp; 400 | 413143 |
| Lowe's Companies, Inc. |  |  |
| 1.30%, 04/15/28 | &nbsp;&nbsp; 225 | 213322 |
| 1.70%, 09/15/28 | &nbsp;&nbsp; 250 | 236763 |
| 1.70%, 10/15/30 | &nbsp;&nbsp; 285 | 256029 |
| 2.63%, 04/01/31 | &nbsp;&nbsp; 335 | 310690 |
| 3.10%, 05/03/27 | &nbsp;&nbsp; 349 | 345848 |
| 3.35%, 04/01/27 | &nbsp;&nbsp; 225 | 223711 |
| 3.65%, 04/05/29 | &nbsp;&nbsp; 345 | 342061 |
| 3.75%, 04/01/32 | &nbsp;&nbsp; 385 | 372725 |
| 4.50%, 04/15/30 | &nbsp;&nbsp; 303 | 308054 |
| 5.00%, 04/15/33 | &nbsp;&nbsp; 260 | 268170 |
| 5.15%, 07/01/33 | &nbsp;&nbsp; 235 | 243992 |
| 5.50%, 10/15/35 | &nbsp;&nbsp; 15 | 15802 |
| 6.50%, 03/15/29 | &nbsp;&nbsp; 80 | 85889 |
| Lowe's Cos., Inc. |  |  |
| 3.95%, 10/15/27 | &nbsp;&nbsp; 225 | 225714 |
| 4.00%, 10/15/28 | &nbsp;&nbsp; 190 | 190501 |
| 4.25%, 03/15/31 | &nbsp;&nbsp; 230 | 230685 |
| 4.50%, 10/15/32 | &nbsp;&nbsp; 260 | 261223 |
| 4.85%, 10/15/35 | &nbsp;&nbsp; 245 | 244707 |
| McDonald's Corp. |  |  |
| 2.13%, 03/01/30 | &nbsp;&nbsp; 187 | 174549 |
| 2.63%, 09/01/29 | &nbsp;&nbsp; 239 | 229389 |
| 3.50%, 03/01/27 | &nbsp;&nbsp; 231 | 230268 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 290 | 288884 |
| 3.60%, 07/01/30 | &nbsp;&nbsp; 232 | 229280 |
| 3.80%, 04/01/28 | &nbsp;&nbsp; 275 | 275133 |
| 4.40%, 02/12/31 | &nbsp;&nbsp; 135 | 137177 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 4.60%, 05/15/30 | &nbsp;&nbsp; $145 | $148512 |
| 4.60%, 09/09/32 | &nbsp;&nbsp; 190 | 195014 |
| 4.70%, 12/09/35 | &nbsp;&nbsp; 10 | 10102 |
| 4.80%, 08/14/28 | &nbsp;&nbsp; 190 | 194372 |
| 4.95%, 08/14/33 | &nbsp;&nbsp; 155 | 161293 |
| 4.95%, 03/03/35 | &nbsp;&nbsp; 185 | 189571 |
| 5.00%, 05/17/29 | &nbsp;&nbsp; 110 | 113737 |
| 5.00%, 02/13/36 | &nbsp;&nbsp; 75 | 76854 |
| 5.20%, 05/17/34 | &nbsp;&nbsp; 185 | 194186 |
| O'Reilly Automotive, Inc. |  |  |
| 1.75%, 03/15/31 | &nbsp;&nbsp; 85 | 75463 |
| 3.60%, 09/01/27 | &nbsp;&nbsp; 232 | 230861 |
| 3.90%, 06/01/29 | &nbsp;&nbsp; 134 | 133614 |
| 4.20%, 04/01/30 | &nbsp;&nbsp; 140 | 140475 |
| 4.35%, 06/01/28 | &nbsp;&nbsp; 160 | 161446 |
| 4.70%, 06/15/32 | &nbsp;&nbsp; 270 | 274488 |
| 5.00%, 08/19/34 | &nbsp;&nbsp; 115 | 116849 |
| Ross Stores, Inc., 1.88%, 04/15/31 | &nbsp;&nbsp; 150 | 133745 |
| Starbucks Corp. |  |  |
| 2.00%, 03/12/27 | &nbsp;&nbsp; 175 | 171865 |
| 2.25%, 03/12/30 | &nbsp;&nbsp; 187 | 174405 |
| 2.55%, 11/15/30 | &nbsp;&nbsp; 305 | 285077 |
| 3.00%, 02/14/32 | &nbsp;&nbsp; 245 | 228726 |
| 3.50%, 03/01/28 | &nbsp;&nbsp; 145 | 144002 |
| 3.55%, 08/15/29 | &nbsp;&nbsp; 251 | 248238 |
| 4.00%, 11/15/28 | &nbsp;&nbsp; 190 | 190497 |
| 4.50%, 05/15/28 | &nbsp;&nbsp; 180 | 182076 |
| 4.80%, 05/15/30 | &nbsp;&nbsp; 70 | 72067 |
| 4.80%, 02/15/33 | &nbsp;&nbsp; 135 | 138346 |
| 4.90%, 02/15/31 | &nbsp;&nbsp; 135 | 139767 |
| 5.00%, 02/15/34 | &nbsp;&nbsp; 120 | 123835 |
| 5.40%, 05/15/35 | &nbsp;&nbsp; 120 | 126427 |
| Target Corp. |  |  |
| 2.35%, 02/15/30 | &nbsp;&nbsp; 181 | 170861 |
| 2.65%, 09/15/30 | &nbsp;&nbsp; 157 | 148412 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 234 | 231442 |
| 4.35%, 06/15/28 | &nbsp;&nbsp; 145 | 147004 |
| 4.40%, 01/15/33 | &nbsp;&nbsp; 120 | 121504 |
| 4.50%, 09/15/32<sup>(a)</sup> | &nbsp;&nbsp; 245 | 250611 |
| 4.50%, 09/15/34 | &nbsp;&nbsp; 155 | 154974 |
| 5.00%, 04/15/35<sup>(a)</sup> | &nbsp;&nbsp; 250 | 256625 |
| 6.35%, 11/01/32 | &nbsp;&nbsp; 105 | 117382 |
| TJX Companies, Inc.(The) |  |  |
| 1.15%, 05/15/28 | &nbsp;&nbsp; 140 | 132365 |
| 1.60%, 05/15/31 | &nbsp;&nbsp; 85 | 75663 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 190 | 190056 |
| Tractor Supply Co. |  |  |
| 1.75%, 11/01/30 | &nbsp;&nbsp; 190 | 170124 |
| 5.25%, 05/15/33 | &nbsp;&nbsp; 145 | 150601 |
| Walmart, Inc. |  |  |
| 2.38%, 09/24/29 | &nbsp;&nbsp; 87 | 83441 |
| 3.25%, 07/08/29 | &nbsp;&nbsp; 190 | 188206 |
| 3.70%, 06/26/28 | &nbsp;&nbsp; 310 | 310660 |
| 3.90%, 04/15/28 | &nbsp;&nbsp; 215 | 216243 |
| 4.00%, 04/15/30 | &nbsp;&nbsp; 150 | 152052 |
| 4.10%, 04/28/27 | &nbsp;&nbsp; 185 | 186155 |
| 4.10%, 04/15/33 | &nbsp;&nbsp; 335 | 336858 |
| 4.15%, 09/09/32 | &nbsp;&nbsp; 285 | 289034 |
| 4.35%, 04/28/30 | &nbsp;&nbsp; 175 | 178679 |
| 4.90%, 04/28/35 | &nbsp;&nbsp; 325 | 337139 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 85 | 90768 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| 5.88%, 04/05/27 | &nbsp;&nbsp; $20 | $20490 |
| 7.55%, 02/15/30 | &nbsp;&nbsp; 150 | 171464 |
|  |  | 27432733 |
| **Semiconductors — 0.7%** | **Semiconductors — 0.7%** | **Semiconductors — 0.7%** |
| Advanced Micro Devices, Inc. |  |  |
| 3.92%, 06/01/32 | &nbsp;&nbsp; 130 | 128772 |
| 4.32%, 03/24/28 | &nbsp;&nbsp; 130 | 131533 |
| Analog Devices, Inc. |  |  |
| 1.70%, 10/01/28 | &nbsp;&nbsp; 155 | 147158 |
| 2.10%, 10/01/31 | &nbsp;&nbsp; 320 | 288100 |
| 3.45%, 06/15/27 | &nbsp;&nbsp; 170 | 169440 |
| 4.25%, 06/15/28 | &nbsp;&nbsp; 195 | 197137 |
| 4.50%, 06/15/30 | &nbsp;&nbsp; 185 | 189092 |
| 5.05%, 04/01/34 | &nbsp;&nbsp; 155 | 162195 |
| Applied Materials, Inc. |  |  |
| 1.75%, 06/01/30 | &nbsp;&nbsp; 169 | 154134 |
| 3.30%, 04/01/27 | &nbsp;&nbsp; 292 | 290838 |
| 4.00%, 01/15/31 | &nbsp;&nbsp; 90 | 90019 |
| 4.60%, 01/15/36 | &nbsp;&nbsp; 40 | 39784 |
| 4.80%, 06/15/29 | &nbsp;&nbsp; 220 | 226588 |
| 5.10%, 10/01/35 | &nbsp;&nbsp; 25 | 26003 |
| Broadcom Corp./Broadcom Cayman Finance Ltd., <br> 3.50%, 01/15/28<br>| &nbsp;&nbsp; 220 | 219058 |
| Broadcom, Inc. |  |  |
| 1.95%, 02/15/28 | &nbsp;&nbsp; 165 | 159444 |
| 2.45%, 02/15/31 | &nbsp;&nbsp; 540 | 499094 |
| 2.60%, 02/15/33 | &nbsp;&nbsp; 385 | 342736 |
| 3.14%, 11/15/35<sup>(c)</sup> | &nbsp;&nbsp; 55 | 48046 |
| 3.42%, 04/15/33 | &nbsp;&nbsp; 520 | 486729 |
| 3.47%, 04/15/34 | &nbsp;&nbsp; 810 | 748415 |
| 4.00%, 04/15/29<sup>(c)</sup> | &nbsp;&nbsp; 186 | 186402 |
| 4.15%, 11/15/30 | &nbsp;&nbsp; 455 | 456572 |
| 4.15%, 04/15/32<sup>(c)</sup> | &nbsp;&nbsp; 275 | 272002 |
| 4.20%, 10/15/30 | &nbsp;&nbsp; 110 | 110534 |
| 4.30%, 01/15/31 | &nbsp;&nbsp; 110 | 110961 |
| 4.30%, 11/15/32 | &nbsp;&nbsp; 445 | 443450 |
| 4.35%, 02/15/30 | &nbsp;&nbsp; 315 | 318880 |
| 4.55%, 02/15/32 | &nbsp;&nbsp; 210 | 212644 |
| 4.60%, 07/15/30 | &nbsp;&nbsp; 335 | 342259 |
| 4.60%, 01/15/33 | &nbsp;&nbsp; 210 | 212231 |
| 4.75%, 04/15/29 | &nbsp;&nbsp; 371 | 379490 |
| 4.80%, 04/15/28 | &nbsp;&nbsp; 215 | 219330 |
| 4.80%, 10/15/34 | &nbsp;&nbsp; 425 | 429309 |
| 4.80%, 02/15/36 | &nbsp;&nbsp; 550 | 551437 |
| 4.90%, 07/15/32 | &nbsp;&nbsp; 400 | 411848 |
| 4.95%, 01/15/36 | &nbsp;&nbsp; 80 | 80957 |
| 5.00%, 04/15/30 | &nbsp;&nbsp; 166 | 171564 |
| 5.05%, 07/12/27<sup>(a)</sup> | &nbsp;&nbsp; 132 | 134198 |
| 5.05%, 07/12/29 | &nbsp;&nbsp; 500 | 517002 |
| 5.05%, 04/15/30 | &nbsp;&nbsp; 180 | 186573 |
| 5.15%, 11/15/31 | &nbsp;&nbsp; 280 | 293137 |
| 5.20%, 04/15/32 | &nbsp;&nbsp; 175 | 182839 |
| 5.20%, 07/15/35 | &nbsp;&nbsp; 575 | 594281 |
| Intel Corp. |  |  |
| 1.60%, 08/12/28 | &nbsp;&nbsp; 240 | 226882 |
| 2.00%, 08/12/31 | &nbsp;&nbsp; 325 | 287923 |
| 2.45%, 11/15/29 | &nbsp;&nbsp; 466 | 439301 |
| 3.15%, 05/11/27 | &nbsp;&nbsp; 229 | 226749 |
| 3.75%, 03/25/27 | &nbsp;&nbsp; 231 | 230553 |
| 3.75%, 08/05/27 | &nbsp;&nbsp; 290 | 289028 |
| 3.90%, 03/25/30 | &nbsp;&nbsp; 339 | 334938 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 4.00%, 08/05/29 | &nbsp;&nbsp; $190 | $189484 |
| 4.00%, 12/15/32 | &nbsp;&nbsp; 145 | 140064 |
| 4.15%, 08/05/32 | &nbsp;&nbsp; 285 | 278589 |
| 4.88%, 02/10/28 | &nbsp;&nbsp; 390 | 396132 |
| 5.00%, 02/21/31 | &nbsp;&nbsp; 110 | 113210 |
| 5.13%, 02/10/30 | &nbsp;&nbsp; 265 | 273257 |
| 5.15%, 02/21/34<sup>(a)</sup> | &nbsp;&nbsp; 210 | 214393 |
| 5.20%, 02/10/33<sup>(a)</sup> | &nbsp;&nbsp; 485 | 499536 |
| KLA Corp. |  |  |
| 4.10%, 03/15/29 | &nbsp;&nbsp; 254 | 255454 |
| 4.65%, 07/15/32 | &nbsp;&nbsp; 220 | 225410 |
| 4.70%, 02/01/34 | &nbsp;&nbsp; 115 | 116597 |
| Lam Research Corp. |  |  |
| 1.90%, 06/15/30 | &nbsp;&nbsp; 205 | 188178 |
| 4.00%, 03/15/29 | &nbsp;&nbsp; 230 | 231019 |
| Marvell Technology, Inc. |  |  |
| 2.45%, 04/15/28 | &nbsp;&nbsp; 170 | 164570 |
| 2.95%, 04/15/31 | &nbsp;&nbsp; 205 | 191597 |
| 4.75%, 07/15/30 | &nbsp;&nbsp; 85 | 86661 |
| 4.88%, 06/22/28 | &nbsp;&nbsp; 110 | 112017 |
| 5.45%, 07/15/35 | &nbsp;&nbsp; 90 | 93482 |
| 5.75%, 02/15/29 | &nbsp;&nbsp; 165 | 172319 |
| 5.95%, 09/15/33 | &nbsp;&nbsp; 140 | 150271 |
| Microchip Technology, Inc. |  |  |
| 4.90%, 03/15/28 | &nbsp;&nbsp; 205 | 208390 |
| 5.05%, 03/15/29 | &nbsp;&nbsp; 315 | 323403 |
| 5.05%, 02/15/30 | &nbsp;&nbsp; 150 | 154019 |
| Micron Technology, Inc. |  |  |
| 2.70%, 04/15/32 | &nbsp;&nbsp; 230 | 210230 |
| 5.30%, 01/15/31 | &nbsp;&nbsp; 150 | 157560 |
| 5.65%, 11/01/32 | &nbsp;&nbsp; 95 | 101268 |
| 5.80%, 01/15/35 | &nbsp;&nbsp; 225 | 240921 |
| 5.88%, 02/09/33 | &nbsp;&nbsp; 195 | 209704 |
| 5.88%, 09/15/33 | &nbsp;&nbsp; 225 | 241685 |
| 6.05%, 11/01/35 | &nbsp;&nbsp; 240 | 260906 |
| NVIDIA Corp. |  |  |
| 1.55%, 06/15/28 | &nbsp;&nbsp; 305 | 291176 |
| 2.00%, 06/15/31 | &nbsp;&nbsp; 340 | 309510 |
| 2.85%, 04/01/30 | &nbsp;&nbsp; 329 | 316459 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 | &nbsp;&nbsp; 118 | 122088 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 2.50%, 05/11/31 | &nbsp;&nbsp; 243 | 222504 |
| 2.65%, 02/15/32 | &nbsp;&nbsp; 230 | 207557 |
| 3.15%, 05/01/27 | &nbsp;&nbsp; 160 | 158559 |
| 3.40%, 05/01/30 | &nbsp;&nbsp; 240 | 232543 |
| 4.30%, 08/19/28 | &nbsp;&nbsp; 155 | 155970 |
| 4.30%, 06/18/29 | &nbsp;&nbsp; 235 | 236389 |
| 4.40%, 06/01/27 | &nbsp;&nbsp; 115 | 115578 |
| 4.85%, 08/19/32 | &nbsp;&nbsp; 80 | 81175 |
| 5.00%, 01/15/33 | &nbsp;&nbsp; 230 | 234813 |
| 5.25%, 08/19/35 | &nbsp;&nbsp; 135 | 137887 |
| Qorvo, Inc., 4.38%, 10/15/29 | &nbsp;&nbsp; 200 | 196911 |
| QUALCOMM, Inc. |  |  |
| 1.30%, 05/20/28 | &nbsp;&nbsp; 248 | 235406 |
| 1.65%, 05/20/32 | &nbsp;&nbsp; 295 | 255024 |
| 2.15%, 05/20/30 | &nbsp;&nbsp; 280 | 260834 |
| 3.25%, 05/20/27 | &nbsp;&nbsp; 473 | 470682 |
| 4.25%, 05/20/32 | &nbsp;&nbsp; 135 | 135958 |
| 4.50%, 05/20/30 | &nbsp;&nbsp; 120 | 122355 |
| 4.65%, 05/20/35 | &nbsp;&nbsp; 225 | 227341 |
| 4.75%, 05/20/32 | &nbsp;&nbsp; 110 | 112995 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| 5.00%, 05/20/35 | &nbsp;&nbsp; $170 | $173960 |
| 5.40%, 05/20/33 | &nbsp;&nbsp; 155 | 164953 |
| Skyworks Solutions, Inc., 3.00%, 06/01/31 | &nbsp;&nbsp; 140 | 127457 |
| Texas Instruments, Inc. |  |  |
| 1.75%, 05/04/30 | &nbsp;&nbsp; 200 | 183664 |
| 1.90%, 09/15/31 | &nbsp;&nbsp; 135 | 121228 |
| 2.25%, 09/04/29 | &nbsp;&nbsp; 190 | 180702 |
| 2.90%, 11/03/27 | &nbsp;&nbsp; 106 | 104866 |
| 3.65%, 08/16/32 | &nbsp;&nbsp; 105 | 102037 |
| 4.50%, 05/23/30 | &nbsp;&nbsp; 115 | 117395 |
| 4.60%, 02/15/28 | &nbsp;&nbsp; 210 | 213555 |
| 4.60%, 02/08/29 | &nbsp;&nbsp; 125 | 128074 |
| 4.85%, 02/08/34 | &nbsp;&nbsp; 195 | 201307 |
| 4.90%, 03/14/33 | &nbsp;&nbsp; 230 | 238672 |
| 5.10%, 05/23/35 | &nbsp;&nbsp; 130 | 135421 |
| TSMC Arizona Corp. |  |  |
| 2.50%, 10/25/31 | &nbsp;&nbsp; 295 | 272771 |
| 3.88%, 04/22/27 | &nbsp;&nbsp; 200 | 200043 |
| 4.13%, 04/22/29 | &nbsp;&nbsp; 25 | 25167 |
| 4.25%, 04/22/32 | &nbsp;&nbsp; 205 | 207731 |
| Xilinx, Inc., 2.38%, 06/01/30 | &nbsp;&nbsp; 207 | 194172 |
|  |  | 27730804 |
| **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** |
| Huntington Ingalls Industries, Inc. |  |  |
| 2.04%, 08/16/28 | &nbsp;&nbsp; 60 | 57249 |
| 3.48%, 12/01/27 | &nbsp;&nbsp; 155 | 153654 |
| 4.20%, 05/01/30 | &nbsp;&nbsp; 140 | 139793 |
| 5.35%, 01/15/30 | &nbsp;&nbsp; 120 | 124535 |
| 5.75%, 01/15/35 | &nbsp;&nbsp; 110 | 117573 |
|  |  | 592804 |
| **Software — 0.7%** | **Software — 0.7%** | **Software — 0.7%** |
| Adobe, Inc. |  |  |
| 2.30%, 02/01/30 | &nbsp;&nbsp; 322 | 301884 |
| 4.75%, 01/17/28 | &nbsp;&nbsp; 105 | 107065 |
| 4.80%, 04/04/29 | &nbsp;&nbsp; 270 | 277148 |
| 4.85%, 04/04/27 | &nbsp;&nbsp; 125 | 126427 |
| 4.95%, 01/17/30 | &nbsp;&nbsp; 35 | 36186 |
| 4.95%, 04/04/34 | &nbsp;&nbsp; 135 | 137953 |
| 5.30%, 01/17/35<sup>(a)</sup> | &nbsp;&nbsp; 30 | 31270 |
| Atlassian Corp. |  |  |
| 5.25%, 05/15/29 | &nbsp;&nbsp; 120 | 122086 |
| 5.50%, 05/15/34 | &nbsp;&nbsp; 130 | 129585 |
| Autodesk, Inc. |  |  |
| 2.40%, 12/15/31 | &nbsp;&nbsp; 310 | 277632 |
| 2.85%, 01/15/30 | &nbsp;&nbsp; 143 | 136239 |
| 3.50%, 06/15/27 | &nbsp;&nbsp; 165 | 164013 |
| 5.30%, 06/15/35 | &nbsp;&nbsp; 135 | 137425 |
| Broadridge Financial Solutions, Inc. |  |  |
| 2.60%, 05/01/31 | &nbsp;&nbsp; 245 | 222086 |
| 2.90%, 12/01/29 | &nbsp;&nbsp; 182 | 172325 |
| Cadence Design Systems, Inc. |  |  |
| 4.20%, 09/10/27 | &nbsp;&nbsp; 100 | 100483 |
| 4.30%, 09/10/29 | &nbsp;&nbsp; 200 | 202166 |
| 4.70%, 09/10/34 | &nbsp;&nbsp; 200 | 201527 |
| Concentrix Corp. |  |  |
| 6.50%, 03/01/29 | &nbsp;&nbsp; 50 | 49404 |
| 6.60%, 08/02/28<sup>(a)</sup> | &nbsp;&nbsp; 198 | 198704 |
| 6.85%, 08/02/33<sup>(a)</sup> | &nbsp;&nbsp; 152 | 146408 |
| Fidelity National Information Services, Inc. |  |  |
| 1.65%, 03/01/28 | &nbsp;&nbsp; 170 | 162189 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 2.25%, 03/01/31 | &nbsp;&nbsp; $45 | $40532 |
| 3.75%, 05/21/29 | &nbsp;&nbsp; 135 | 133073 |
| 5.10%, 07/15/32 | &nbsp;&nbsp; 153 | 155443 |
| Fiserv, Inc. |  |  |
| 2.25%, 06/01/27 | &nbsp;&nbsp; 241 | 235421 |
| 2.65%, 06/01/30 | &nbsp;&nbsp; 272 | 252352 |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 660 | 641181 |
| 4.20%, 10/01/28 | &nbsp;&nbsp; 260 | 260042 |
| 4.55%, 02/15/31 | &nbsp;&nbsp; 125 | 124644 |
| 4.75%, 03/15/30 | &nbsp;&nbsp; 185 | 186480 |
| 5.15%, 03/15/27 | &nbsp;&nbsp; 185 | 186782 |
| 5.15%, 08/12/34 | &nbsp;&nbsp; 185 | 184241 |
| 5.25%, 08/11/35<sup>(a)</sup> | &nbsp;&nbsp; 235 | 235018 |
| 5.35%, 03/15/31 | &nbsp;&nbsp; 175 | 180226 |
| 5.38%, 08/21/28 | &nbsp;&nbsp; 185 | 189617 |
| 5.45%, 03/02/28 | &nbsp;&nbsp; 185 | 189263 |
| 5.45%, 03/15/34 | &nbsp;&nbsp; 180 | 183484 |
| 5.60%, 03/02/33 | &nbsp;&nbsp; 200 | 206820 |
| 5.63%, 08/21/33 | &nbsp;&nbsp; 285 | 295044 |
| Intuit, Inc. |  |  |
| 1.35%, 07/15/27 | &nbsp;&nbsp; 183 | 177143 |
| 1.65%, 07/15/30 | &nbsp;&nbsp; 120 | 108326 |
| 5.13%, 09/15/28 | &nbsp;&nbsp; 210 | 216097 |
| 5.20%, 09/15/33 | &nbsp;&nbsp; 275 | 284531 |
| Microsoft Corp. |  |  |
| 1.35%, 09/15/30 | &nbsp;&nbsp; 135 | 121934 |
| 3.40%, 06/15/27 | &nbsp;&nbsp; 100 | 99825 |
| 3.50%, 02/12/35 | &nbsp;&nbsp; 85 | 80526 |
| 4.20%, 11/03/35 | &nbsp;&nbsp; 15 | 15091 |
| MSCI, Inc. |  |  |
| 5.15%, 03/15/36 | &nbsp;&nbsp; 75 | 74270 |
| 5.25%, 09/01/35 | &nbsp;&nbsp; 195 | 195054 |
| Oracle Corp. |  |  |
| 2.30%, 03/25/28 | &nbsp;&nbsp; 425 | 407424 |
| 2.80%, 04/01/27 | &nbsp;&nbsp; 546 | 537715 |
| 2.88%, 03/25/31 | &nbsp;&nbsp; 750 | 681711 |
| 2.95%, 04/01/30 | &nbsp;&nbsp; 835 | 776779 |
| 3.25%, 11/15/27 | &nbsp;&nbsp; 628 | 616878 |
| 3.25%, 05/15/30 | &nbsp;&nbsp; 130 | 122093 |
| 3.90%, 05/15/35 | &nbsp;&nbsp; 450 | 394135 |
| 4.20%, 09/27/29 | &nbsp;&nbsp; 355 | 350412 |
| 4.30%, 07/08/34 | &nbsp;&nbsp; 445 | 406765 |
| 4.45%, 09/26/30 | &nbsp;&nbsp; 495 | 485177 |
| 4.50%, 05/06/28 | &nbsp;&nbsp; 155 | 155836 |
| 4.55%, 02/04/29 | &nbsp;&nbsp; 775 | 776167 |
| 4.65%, 05/06/30 | &nbsp;&nbsp; 185 | 184685 |
| 4.70%, 09/27/34 | &nbsp;&nbsp; 415 | 389864 |
| 4.80%, 08/03/28 | &nbsp;&nbsp; 310 | 313397 |
| 4.80%, 09/26/32 | &nbsp;&nbsp; 680 | 664690 |
| 4.90%, 02/06/33 | &nbsp;&nbsp; 335 | 327365 |
| 4.95%, 02/04/31 | &nbsp;&nbsp; 770 | 768385 |
| 5.20%, 09/26/35 | &nbsp;&nbsp; 920 | 889107 |
| 5.25%, 02/03/32 | &nbsp;&nbsp; 290 | 291059 |
| 5.35%, 05/04/33 | &nbsp;&nbsp; 775 | 778076 |
| 5.50%, 08/03/35 | &nbsp;&nbsp; 100 | 98799 |
| 5.70%, 02/04/36 | &nbsp;&nbsp; 920 | 920304 |
| 6.15%, 11/09/29 | &nbsp;&nbsp; 300 | 314350 |
| 6.25%, 11/09/32 | &nbsp;&nbsp; 520 | 549198 |
| Paychex, Inc. |  |  |
| 5.10%, 04/15/30 | &nbsp;&nbsp; 225 | 229786 |
| 5.35%, 04/15/32 | &nbsp;&nbsp; 260 | 266590 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| 5.60%, 04/15/35 | &nbsp;&nbsp; $285 | $292052 |
| Roper Technologies, Inc. |  |  |
| 1.40%, 09/15/27 | &nbsp;&nbsp; 185 | 178025 |
| 1.75%, 02/15/31 | &nbsp;&nbsp; 230 | 202088 |
| 2.00%, 06/30/30 | &nbsp;&nbsp; 120 | 108923 |
| 2.95%, 09/15/29 | &nbsp;&nbsp; 176 | 168635 |
| 4.20%, 09/15/28 | &nbsp;&nbsp; 220 | 220457 |
| 4.25%, 09/15/28 | &nbsp;&nbsp; 85 | 85332 |
| 4.45%, 09/15/30 | &nbsp;&nbsp; 90 | 90452 |
| 4.50%, 10/15/29 | &nbsp;&nbsp; 160 | 162093 |
| 4.75%, 02/15/32 | &nbsp;&nbsp; 145 | 146275 |
| 4.90%, 10/15/34 | &nbsp;&nbsp; 210 | 208345 |
| 5.10%, 09/15/35 | &nbsp;&nbsp; 220 | 219287 |
| Salesforce, Inc. |  |  |
| 1.50%, 07/15/28 | &nbsp;&nbsp; 280 | 265212 |
| 1.95%, 07/15/31 | &nbsp;&nbsp; 395 | 351271 |
| 3.70%, 04/11/28 | &nbsp;&nbsp; 357 | 356066 |
| ServiceNow, Inc., 1.40%, 09/01/30 | &nbsp;&nbsp; 328 | 290512 |
| Synopsys, Inc. |  |  |
| 4.55%, 04/01/27 | &nbsp;&nbsp; 325 | 327470 |
| 4.65%, 04/01/28 | &nbsp;&nbsp; 180 | 182296 |
| 4.85%, 04/01/30 | &nbsp;&nbsp; 340 | 348217 |
| 5.00%, 04/01/32 | &nbsp;&nbsp; 355 | 365993 |
| 5.15%, 04/01/35 | &nbsp;&nbsp; 555 | 566752 |
| Take-Two Interactive Software, Inc. |  |  |
| 3.70%, 04/14/27 | &nbsp;&nbsp; 220 | 219412 |
| 4.00%, 04/14/32 | &nbsp;&nbsp; 130 | 126792 |
| 4.95%, 03/28/28 | &nbsp;&nbsp; 230 | 233961 |
| 5.40%, 06/12/29 | &nbsp;&nbsp; 95 | 98448 |
| 5.60%, 06/12/34 | &nbsp;&nbsp; 100 | 104106 |
| VMware LLC |  |  |
| 1.80%, 08/15/28 | &nbsp;&nbsp; 210 | 199670 |
| 2.20%, 08/15/31 | &nbsp;&nbsp; 380 | 340399 |
| 4.70%, 05/15/30 | &nbsp;&nbsp; 205 | 209372 |
| Workday, Inc. |  |  |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 280 | 278544 |
| 3.70%, 04/01/29 | &nbsp;&nbsp; 180 | 177013 |
| 3.80%, 04/01/32 | &nbsp;&nbsp; 300 | 284833 |
|  |  | 28797715 |
| **Telecommunications — 1.0%** | **Telecommunications — 1.0%** | **Telecommunications — 1.0%** |
| America Movil SAB de CV |  |  |
| 2.88%, 05/07/30 | &nbsp;&nbsp; 230 | 218473 |
| 3.63%, 04/22/29 | &nbsp;&nbsp; 110 | 108488 |
| 4.70%, 07/21/32 | &nbsp;&nbsp; 205 | 208097 |
| 6.38%, 03/01/35 | &nbsp;&nbsp; 240 | 269009 |
| AT&T, Inc. |  |  |
| 1.65%, 02/01/28 | &nbsp;&nbsp; 515 | 493785 |
| 2.25%, 02/01/32 | &nbsp;&nbsp; 610 | 544869 |
| 2.30%, 06/01/27 | &nbsp;&nbsp; 545 | 534584 |
| 2.55%, 12/01/33 | &nbsp;&nbsp; 870 | 753726 |
| 2.75%, 06/01/31 | &nbsp;&nbsp; 749 | 697666 |
| 4.10%, 02/15/28 | &nbsp;&nbsp; 420 | 421239 |
| 4.25%, 03/01/27 | &nbsp;&nbsp; 346 | 346870 |
| 4.30%, 02/15/30 | &nbsp;&nbsp; 698 | 704006 |
| 4.35%, 03/01/29 | &nbsp;&nbsp; 176 | 177962 |
| 4.40%, 04/30/31 | &nbsp;&nbsp; 275 | 277504 |
| 4.50%, 05/15/35 | &nbsp;&nbsp; 560 | 546018 |
| 4.55%, 11/01/32 | &nbsp;&nbsp; 185 | 186130 |
| 4.70%, 08/15/30 | &nbsp;&nbsp; 295 | 302495 |
| 4.75%, 04/30/33 | &nbsp;&nbsp; 275 | 278809 |
| 4.90%, 11/01/35 | &nbsp;&nbsp; 300 | 300654 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 5.13%, 04/30/36 | &nbsp;&nbsp; $275 | $278854 |
| 5.38%, 08/15/35 | &nbsp;&nbsp; 270 | 280214 |
| 5.40%, 02/15/34 | &nbsp;&nbsp; 655 | 686179 |
| Bell Telephone Co. of Canada or Bell Canada |  |  |
| 5.10%, 05/11/33 | &nbsp;&nbsp; 220 | 226122 |
| 5.20%, 02/15/34 | &nbsp;&nbsp; 150 | 154355 |
| Series US-5, 2.15%, 02/15/32 | &nbsp;&nbsp; 150 | 132146 |
| British Telecommunications PLC |  |  |
| 5.13%, 12/04/28 | &nbsp;&nbsp; 25 | 25664 |
| 9.63%, 12/15/30 | &nbsp;&nbsp; 650 | 795038 |
| Cisco Systems, Inc. |  |  |
| 4.55%, 02/24/28<sup>(a)</sup> | &nbsp;&nbsp; 260 | 264308 |
| 4.75%, 02/24/30 | &nbsp;&nbsp; 235 | 242336 |
| 4.85%, 02/26/29 | &nbsp;&nbsp; 530 | 545843 |
| 4.95%, 02/26/31 | &nbsp;&nbsp; 580 | 603558 |
| 4.95%, 02/24/32 | &nbsp;&nbsp; 265 | 276048 |
| 5.05%, 02/26/34 | &nbsp;&nbsp; 610 | 633709 |
| 5.10%, 02/24/35 | &nbsp;&nbsp; 265 | 275282 |
| Deutsche Telekom International Finance BV |  |  |
| 8.75%, 06/15/30 | &nbsp;&nbsp; 812 | 951826 |
| 9.25%, 06/01/32 | &nbsp;&nbsp; 125 | 157504 |
| Juniper Networks, Inc. |  |  |
| 2.00%, 12/10/30 | &nbsp;&nbsp; 105 | 94314 |
| 3.75%, 08/15/29 | &nbsp;&nbsp; 130 | 127752 |
| Koninklijke KPN NV, 8.38%, 10/01/30 | &nbsp;&nbsp; 170 | 199444 |
| Motorola Solutions, Inc. |  |  |
| 2.30%, 11/15/30 | &nbsp;&nbsp; 126 | 115844 |
| 2.75%, 05/24/31 | &nbsp;&nbsp; 230 | 213371 |
| 4.60%, 02/23/28 | &nbsp;&nbsp; 185 | 187038 |
| 4.60%, 05/23/29 | &nbsp;&nbsp; 263 | 266981 |
| 4.85%, 08/15/30 | &nbsp;&nbsp; 100 | 102671 |
| 5.00%, 04/15/29 | &nbsp;&nbsp; 90 | 92514 |
| 5.20%, 08/15/32 | &nbsp;&nbsp; 75 | 78192 |
| 5.40%, 04/15/34 | &nbsp;&nbsp; 190 | 198303 |
| 5.55%, 08/15/35 | &nbsp;&nbsp; 230 | 242069 |
| 5.60%, 06/01/32 | &nbsp;&nbsp; 145 | 153995 |
| Nokia OYJ, 4.38%, 06/12/27 | &nbsp;&nbsp; 110 | 109931 |
| Orange SA, 9.00%, 03/01/31 | &nbsp;&nbsp; 560 | 675635 |
| Rogers Communications, Inc. |  |  |
| 3.20%, 03/15/27 | &nbsp;&nbsp; 220 | 218358 |
| 3.80%, 03/15/32 | &nbsp;&nbsp; 505 | 482356 |
| 5.00%, 02/15/29 | &nbsp;&nbsp; 335 | 342510 |
| 5.30%, 02/15/34 | &nbsp;&nbsp; 330 | 336820 |
| Sprint Capital Corp. |  |  |
| 6.88%, 11/15/28 | &nbsp;&nbsp; 705 | 757134 |
| 8.75%, 03/15/32 | &nbsp;&nbsp; 515 | 628836 |
| Telefonica Emisiones SA, 4.10%, 03/08/27 | &nbsp;&nbsp; 281 | 281204 |
| Telefonica Europe BV, 8.25%, 09/15/30 | &nbsp;&nbsp; 295 | 340550 |
| TELUS Corp. |  |  |
| 3.40%, 05/13/32 | &nbsp;&nbsp; 290 | 271023 |
| 3.70%, 09/15/27 | &nbsp;&nbsp; 155 | 154116 |
| T-Mobile USA, Inc. |  |  |
| 2.05%, 02/15/28 | &nbsp;&nbsp; 180 | 173791 |
| 2.25%, 11/15/31 | &nbsp;&nbsp; 245 | 219872 |
| 2.40%, 03/15/29 | &nbsp;&nbsp; 155 | 148029 |
| 2.55%, 02/15/31 | &nbsp;&nbsp; 590 | 545994 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 262 | 252098 |
| 2.70%, 03/15/32 | &nbsp;&nbsp; 235 | 213959 |
| 2.88%, 02/15/31 | &nbsp;&nbsp; 245 | 230033 |
| 3.38%, 04/15/29 | &nbsp;&nbsp; 560 | 549774 |
| 3.50%, 04/15/31 | &nbsp;&nbsp; 575 | 555138 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| 3.75%, 04/15/27 | &nbsp;&nbsp; $927 | $925882 |
| 3.88%, 04/15/30 | &nbsp;&nbsp; 1583 | 1570685 |
| 4.20%, 10/01/29 | &nbsp;&nbsp; 180 | 181386 |
| 4.63%, 01/15/33 | &nbsp;&nbsp; 170 | 171105 |
| 4.70%, 01/15/35 | &nbsp;&nbsp; 255 | 253445 |
| 4.80%, 07/15/28 | &nbsp;&nbsp; 215 | 219212 |
| 4.85%, 01/15/29 | &nbsp;&nbsp; 250 | 256098 |
| 4.95%, 03/15/28 | &nbsp;&nbsp; 260 | 265235 |
| 4.95%, 11/15/35 | &nbsp;&nbsp; 205 | 206887 |
| 5.00%, 02/15/36 | &nbsp;&nbsp; 275 | 276687 |
| 5.05%, 07/15/33 | &nbsp;&nbsp; 605 | 623846 |
| 5.13%, 05/15/32 | &nbsp;&nbsp; 285 | 295793 |
| 5.15%, 04/15/34 | &nbsp;&nbsp; 280 | 288928 |
| 5.20%, 01/15/33<sup>(a)</sup> | &nbsp;&nbsp; 285 | 296443 |
| 5.30%, 05/15/35 | &nbsp;&nbsp; 270 | 279466 |
| 5.75%, 01/15/34 | &nbsp;&nbsp; 230 | 245695 |
| 6.70%, 12/15/33 | &nbsp;&nbsp; 40 | 45260 |
| Verizon Communications, Inc. |  |  |
| 1.50%, 09/18/30 | &nbsp;&nbsp; 265 | 236784 |
| 1.68%, 10/30/30 | &nbsp;&nbsp; 250 | 224231 |
| 1.75%, 01/20/31 | &nbsp;&nbsp; 562 | 502512 |
| 2.10%, 03/22/28 | &nbsp;&nbsp; 552 | 533048 |
| 2.36%, 03/15/32 | &nbsp;&nbsp; 993 | 886007 |
| 2.55%, 03/21/31 | &nbsp;&nbsp; 900 | 832539 |
| 3.15%, 03/22/30 | &nbsp;&nbsp; 348 | 336756 |
| 3.88%, 02/08/29 | &nbsp;&nbsp; 325 | 325231 |
| 4.02%, 12/03/29 | &nbsp;&nbsp; 846 | 846789 |
| 4.13%, 03/16/27 | &nbsp;&nbsp; 37 | 37127 |
| 4.27%, 01/15/36 | &nbsp;&nbsp; 400 | 379720 |
| 4.33%, 09/21/28 | &nbsp;&nbsp; 745 | 752806 |
| 4.40%, 11/01/34 | &nbsp;&nbsp; 425 | 415918 |
| 4.50%, 08/10/33 | &nbsp;&nbsp; 480 | 478532 |
| 4.75%, 01/15/33 | &nbsp;&nbsp; 245 | 248459 |
| 4.78%, 02/15/35 | &nbsp;&nbsp; 280 | 278764 |
| 5.00%, 01/15/36 | &nbsp;&nbsp; 680 | 683011 |
| 5.05%, 05/09/33 | &nbsp;&nbsp; 240 | 248703 |
| 5.25%, 04/02/35 | &nbsp;&nbsp; 435 | 447920 |
| 5.85%, 09/15/35 | &nbsp;&nbsp; 35 | 37903 |
| 6.40%, 09/15/33 | &nbsp;&nbsp; 100 | 111676 |
| 7.75%, 12/01/30 | &nbsp;&nbsp; 160 | 184330 |
| Vodafone Group PLC |  |  |
| 6.25%, 11/30/32 | &nbsp;&nbsp; 190 | 208811 |
| 7.88%, 02/15/30 | &nbsp;&nbsp; 140 | 159694 |
|  |  | 39258343 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro, Inc. |  |  |
| 3.50%, 09/15/27 | &nbsp;&nbsp; 135 | 134066 |
| 3.90%, 11/19/29 | &nbsp;&nbsp; 220 | 218100 |
| 6.05%, 05/14/34 | &nbsp;&nbsp; 125 | 134234 |
| Mattel, Inc., 5.00%, 11/17/30 | &nbsp;&nbsp; 15 | 15222 |
|  |  | 501622 |
| **Transportation — 0.3%** | **Transportation — 0.3%** | **Transportation — 0.3%** |
| Burlington Northern Santa Fe LLC, 3.25%, 06/15/27 | &nbsp;&nbsp; 176 | 175157 |
| Canadian National Railway Co. |  |  |
| 3.85%, 08/05/32 | &nbsp;&nbsp; 260 | 254462 |
| 4.20%, 03/12/31 | &nbsp;&nbsp; 65 | 65423 |
| 4.38%, 09/18/34 | &nbsp;&nbsp; 155 | 154140 |
| 4.75%, 11/12/35 | &nbsp;&nbsp; 50 | 50744 |
| 5.85%, 11/01/33 | &nbsp;&nbsp; 65 | 70850 |
| 6.25%, 08/01/34 | &nbsp;&nbsp; 130 | 145527 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| 6.90%, 07/15/28 | &nbsp;&nbsp; $110 | $117581 |
| Canadian Pacific Railway Co. |  |  |
| 2.05%, 03/05/30 | &nbsp;&nbsp; 130 | 120633 |
| 2.45%, 12/02/31 | &nbsp;&nbsp; 365 | 332241 |
| 2.88%, 11/15/29 | &nbsp;&nbsp; 110 | 106172 |
| 4.00%, 06/01/28 | &nbsp;&nbsp; 137 | 137359 |
| 4.80%, 03/30/30 | &nbsp;&nbsp; 130 | 133736 |
| 4.80%, 09/15/35 | &nbsp;&nbsp; 20 | 20301 |
| 5.20%, 03/30/35 | &nbsp;&nbsp; 145 | 151724 |
| 7.13%, 10/15/31 | &nbsp;&nbsp; 100 | 114137 |
| CH Robinson Worldwide, Inc., 4.20%, 04/15/28 | &nbsp;&nbsp; 150 | 150404 |
| CSX Corp. |  |  |
| 2.40%, 02/15/30 | &nbsp;&nbsp; 125 | 117960 |
| 3.25%, 06/01/27 | &nbsp;&nbsp; 255 | 253406 |
| 3.80%, 03/01/28 | &nbsp;&nbsp; 205 | 205145 |
| 4.10%, 11/15/32 | &nbsp;&nbsp; 240 | 239054 |
| 4.25%, 03/15/29 | &nbsp;&nbsp; 220 | 222777 |
| 5.05%, 06/15/35 | &nbsp;&nbsp; 200 | 206112 |
| 5.20%, 11/15/33 | &nbsp;&nbsp; 135 | 141899 |
| Federal Express Corp. Pass-Through Trusts, Series <br> 2020-1, Class AA, 1.88%, 08/20/35<br>| &nbsp;&nbsp; 35 | 31080 |
| FedEx Corp. |  |  |
| 2.40%, 05/15/31 | &nbsp;&nbsp; 160 | 147401 |
| 3.10%, 08/05/29 | &nbsp;&nbsp; 200 | 194030 |
| 3.40%, 02/15/28 | &nbsp;&nbsp; 50 | 49493 |
| 3.90%, 02/01/35 | &nbsp;&nbsp; 75 | 71573 |
| 4.25%, 05/15/30 | &nbsp;&nbsp; 225 | 227024 |
| 4.90%, 01/15/34 | &nbsp;&nbsp; 65 | 66476 |
| GXO Logistics, Inc. |  |  |
| 2.65%, 07/15/31 | &nbsp;&nbsp; 135 | 123514 |
| 6.25%, 05/06/29 | &nbsp;&nbsp; 160 | 169084 |
| 6.50%, 05/06/34 | &nbsp;&nbsp; 115 | 125352 |
| JB Hunt Transport Services, Inc., 4.90%, 03/15/30 | &nbsp;&nbsp; 90 | 92523 |
| Kirby Corp., 4.20%, 03/01/28 | &nbsp;&nbsp; 121 | 121363 |
| Norfolk Southern Corp. |  |  |
| 2.30%, 05/15/31 | &nbsp;&nbsp; 135 | 123303 |
| 2.55%, 11/01/29 | &nbsp;&nbsp; 84 | 80071 |
| 3.00%, 03/15/32 | &nbsp;&nbsp; 155 | 144710 |
| 3.15%, 06/01/27 | &nbsp;&nbsp; 95 | 94207 |
| 3.80%, 08/01/28 | &nbsp;&nbsp; 145 | 144932 |
| 4.45%, 03/01/33 | &nbsp;&nbsp; 115 | 115779 |
| 5.05%, 08/01/30 | &nbsp;&nbsp; 175 | 181980 |
| 5.10%, 05/01/35 | &nbsp;&nbsp; 85 | 87712 |
| 5.55%, 03/15/34 | &nbsp;&nbsp; 95 | 100979 |
| 7.80%, 05/15/27 | &nbsp;&nbsp; 85 | 88978 |
| Ryder System, Inc. |  |  |
| 2.85%, 03/01/27 | &nbsp;&nbsp; 105 | 103966 |
| 4.30%, 06/15/27 | &nbsp;&nbsp; 85 | 85352 |
| 4.30%, 12/01/30 | &nbsp;&nbsp; 80 | 80313 |
| 4.85%, 06/15/30 | &nbsp;&nbsp; 75 | 77006 |
| 4.90%, 12/01/29 | &nbsp;&nbsp; 70 | 71904 |
| 4.95%, 09/01/29 | &nbsp;&nbsp; 65 | 66694 |
| 5.00%, 03/15/30 | &nbsp;&nbsp; 65 | 66931 |
| 5.25%, 06/01/28 | &nbsp;&nbsp; 155 | 159270 |
| 5.30%, 03/15/27 | &nbsp;&nbsp; 55 | 55720 |
| 5.38%, 03/15/29 | &nbsp;&nbsp; 105 | 108887 |
| 5.50%, 06/01/29 | &nbsp;&nbsp; 60 | 62531 |
| 5.65%, 03/01/28 | &nbsp;&nbsp; 110 | 113365 |
| 6.30%, 12/01/28 | &nbsp;&nbsp; 100 | 105825 |
| 6.60%, 12/01/33 | &nbsp;&nbsp; 140 | 157703 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| Union Pacific Corp. |  |  |
| 2.38%, 05/20/31 | &nbsp;&nbsp; $225 | $207903 |
| 2.40%, 02/05/30 | &nbsp;&nbsp; 197 | 186318 |
| 2.80%, 02/14/32 | &nbsp;&nbsp; 332 | 308890 |
| 3.00%, 04/15/27 | &nbsp;&nbsp; 120 | 119154 |
| 3.70%, 03/01/29 | &nbsp;&nbsp; 196 | 195435 |
| 3.95%, 09/10/28 | &nbsp;&nbsp; 244 | 245063 |
| 4.50%, 01/20/33 | &nbsp;&nbsp; 235 | 239470 |
| 5.10%, 02/20/35 | &nbsp;&nbsp; 225 | 234633 |
| 6.63%, 02/01/29 | &nbsp;&nbsp; 85 | 91955 |
| United Parcel Service, Inc. |  |  |
| 2.50%, 09/01/29 | &nbsp;&nbsp; 112 | 107345 |
| 3.05%, 11/15/27 | &nbsp;&nbsp; 250 | 247732 |
| 3.40%, 03/15/29 | &nbsp;&nbsp; 199 | 197213 |
| 4.45%, 04/01/30 | &nbsp;&nbsp; 203 | 207661 |
| 4.65%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp; 105 | 108426 |
| 4.88%, 03/03/33 | &nbsp;&nbsp; 230 | 239828 |
| 5.15%, 05/22/34 | &nbsp;&nbsp; 230 | 242217 |
| 5.25%, 05/14/35<sup>(a)</sup> | &nbsp;&nbsp; 220 | 231124 |
| Walmart, Inc. |  |  |
| 1.50%, 09/22/28 | &nbsp;&nbsp; 347 | 329737 |
| 1.80%, 09/22/31 | &nbsp;&nbsp; 480 | 432765 |
| 3.95%, 09/09/27 | &nbsp;&nbsp; 294 | 295604 |
|  |  | 12052448 |
| **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** | **Trucking & Leasing — 0.0%** |
| GATX Corp. |  |  |
| 1.90%, 06/01/31 | &nbsp;&nbsp; 115 | 102020 |
| 3.50%, 03/15/28 | &nbsp;&nbsp; 52 | 51456 |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 110 | 104106 |
| 3.85%, 03/30/27 | &nbsp;&nbsp; 122 | 121783 |
| 4.00%, 06/30/30 | &nbsp;&nbsp; 115 | 114143 |
| 4.55%, 11/07/28 | &nbsp;&nbsp; 110 | 111423 |
| 4.70%, 04/01/29 | &nbsp;&nbsp; 123 | 125198 |
| 4.90%, 03/15/33 | &nbsp;&nbsp; 90 | 91504 |
| 5.40%, 03/15/27 | &nbsp;&nbsp; 70 | 70999 |
| 5.45%, 09/15/33 | &nbsp;&nbsp; 145 | 152047 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 165 | 171444 |
| 6.05%, 03/15/34 | &nbsp;&nbsp; 120 | 130166 |
| 6.90%, 05/01/34 | &nbsp;&nbsp; 85 | 96516 |
|  |  | 1442805 |
| **Venture Capital — 0.0%** | **Venture Capital — 0.0%** | **Venture Capital — 0.0%** |
| Hercules Capital, Inc., 6.00%, 06/16/30<sup>(a)</sup> | &nbsp;&nbsp; 75 | 74697 |
| **Water — 0.1%** | **Water — 0.1%** | **Water — 0.1%** |
| American Water Capital Corp. |  |  |
| 2.30%, 06/01/31 | &nbsp;&nbsp; 165 | 150974 |
| 2.80%, 05/01/30 | &nbsp;&nbsp; 187 | 178821 |
| 2.95%, 09/01/27 | &nbsp;&nbsp; 124 | 122555 |
| 3.45%, 06/01/29 | &nbsp;&nbsp; 142 | 140146 |
| 3.75%, 09/01/28 | &nbsp;&nbsp; 207 | 206752 |
| 4.45%, 06/01/32 | &nbsp;&nbsp; 165 | 166566 |
| 5.15%, 03/01/34 | &nbsp;&nbsp; 110 | 114388 |
| 5.25%, 03/01/35 | &nbsp;&nbsp; 185 | 192294 |
| Essential Utilities, Inc. |  |  |
| 2.40%, 05/01/31 | &nbsp;&nbsp; 115 | 104981 |
| 2.70%, 04/15/30 | &nbsp;&nbsp; 146 | 138113 |
| 3.57%, 05/01/29 | &nbsp;&nbsp; 162 | 159624 |
| 4.80%, 08/15/27 | &nbsp;&nbsp; 135 | 136503 |
| 5.25%, 08/15/35 | &nbsp;&nbsp; 50 | 51300 |
| 5.38%, 01/15/34 | &nbsp;&nbsp; 85 | 88449 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Water (continued)** | **Water (continued)** | **Water (continued)** |
| United Utilities PLC, 6.88%, 08/15/28 | &nbsp;&nbsp; $55 | $58522 |
|  |  | 2009988 |
| **Total Corporate Bonds & Notes — 29.8%** <br>**(Cost: $1,152,133,273)** | **Total Corporate Bonds & Notes — 29.8%** <br>**(Cost: $1,152,133,273)** | 1163631978 |
| **Foreign Government Obligations**<sup>(d)</sup> | **Foreign Government Obligations**<sup>(d)</sup> | **Foreign Government Obligations**<sup>(d)</sup> |
| **Canada — 0.5%** | **Canada — 0.5%** | **Canada — 0.5%** |
| Canada Government International Bonds |  |  |
| 3.75%, 04/26/28 | &nbsp;&nbsp; 930 | 936309 |
| 4.00%, 03/18/30 | &nbsp;&nbsp; 520 | 529804 |
| 4.63%, 04/30/29 | &nbsp;&nbsp; 700 | 724929 |
| Export Development Canada |  |  |
| 3.00%, 05/25/27 | &nbsp;&nbsp; 240 | 238595 |
| 3.75%, 09/07/27 | &nbsp;&nbsp; 400 | 401724 |
| 3.88%, 02/14/28 | &nbsp;&nbsp; 745 | 750994 |
| 4.00%, 06/20/30 | &nbsp;&nbsp; 625 | 636541 |
| 4.13%, 02/13/29 | &nbsp;&nbsp; 690 | 703388 |
| 4.75%, 06/05/34 | &nbsp;&nbsp; 205 | 217798 |
| Hydro-Quebec |  |  |
| Series HH, 8.50%, 12/01/29 | &nbsp;&nbsp; 140 | 162794 |
| Series HK, 9.38%, 04/15/30 | &nbsp;&nbsp; 45 | 54501 |
| Province of Alberta Canada |  |  |
| 1.30%, 07/22/30 | &nbsp;&nbsp; 260 | 235554 |
| 3.30%, 03/15/28 | &nbsp;&nbsp; 475 | 473025 |
| 4.50%, 06/26/29 | &nbsp;&nbsp; 160 | 164669 |
| 4.50%, 01/24/34 | &nbsp;&nbsp; 260 | 267848 |
| Province of British Columbia Canada |  |  |
| 1.30%, 01/29/31 | &nbsp;&nbsp; 840 | 750029 |
| 4.20%, 07/06/33<sup>(a)</sup> | &nbsp;&nbsp; 475 | 480399 |
| 4.70%, 01/24/28 | &nbsp;&nbsp; 695 | 710163 |
| 4.75%, 06/12/34 | &nbsp;&nbsp; 415 | 433899 |
| 4.80%, 11/15/28 | &nbsp;&nbsp; 400 | 413273 |
| 4.80%, 06/11/35<sup>(a)</sup> | &nbsp;&nbsp; 510 | 532795 |
| 4.90%, 04/24/29 | &nbsp;&nbsp; 525 | 546160 |
| Province of Manitoba Canada |  |  |
| 1.50%, 10/25/28 | &nbsp;&nbsp; 200 | 189844 |
| 4.30%, 07/27/33 | &nbsp;&nbsp; 250 | 253815 |
| 4.90%, 05/31/34 | &nbsp;&nbsp; 165 | 174005 |
| Province of New Brunswick Canada, 3.63%, <br> 02/24/28<br>| &nbsp;&nbsp; 120 | 119870 |
| Province of Ontario Canada |  |  |
| 1.05%, 05/21/27 | &nbsp;&nbsp; 250 | 242677 |
| 1.13%, 10/07/30 | &nbsp;&nbsp; 495 | 442570 |
| 1.60%, 02/25/31 | &nbsp;&nbsp; 555 | 502643 |
| 1.80%, 10/14/31 | &nbsp;&nbsp; 165 | 148704 |
| 2.00%, 10/02/29 | &nbsp;&nbsp; 275 | 260626 |
| 2.13%, 01/21/32 | &nbsp;&nbsp; 350 | 318875 |
| 3.10%, 05/19/27 | &nbsp;&nbsp; 425 | 422939 |
| 3.70%, 09/17/29 | &nbsp;&nbsp; 550 | 552452 |
| 4.20%, 01/18/29 | &nbsp;&nbsp; 655 | 667449 |
| 4.70%, 01/15/30 | &nbsp;&nbsp; 65 | 67577 |
| 4.85%, 06/11/35 | &nbsp;&nbsp; 445 | 467562 |
| 5.05%, 04/24/34 | &nbsp;&nbsp; 315 | 336407 |
| Province of Quebec Canada |  |  |
| 1.35%, 05/28/30 | &nbsp;&nbsp; 225 | 204566 |
| 1.90%, 04/21/31 | &nbsp;&nbsp; 100 | 91514 |
| 2.75%, 04/12/27 | &nbsp;&nbsp; 425 | 421343 |
| 3.63%, 04/13/28 | &nbsp;&nbsp; 680 | 681452 |
| 3.88%, 01/14/31 | &nbsp;&nbsp; 270 | 272307 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Canada (continued)** | **Canada (continued)** | **Canada (continued)** |
| 4.25%, 09/05/34 | &nbsp;&nbsp; $430 | $432670 |
| 4.50%, 04/03/29 | &nbsp;&nbsp; 775 | 796486 |
| 4.50%, 09/08/33 | &nbsp;&nbsp; 305 | 314003 |
| 4.63%, 08/28/35 | &nbsp;&nbsp; 515 | 530519 |
| Series PD, 7.50%, 09/15/29 | &nbsp;&nbsp; 317 | 357669 |
|  |  | 19635735 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| Chile Government International Bonds |  |  |
| 2.45%, 01/31/31 | &nbsp;&nbsp; 355 | 327097 |
| 2.55%, 01/27/32 | &nbsp;&nbsp; 360 | 326044 |
| 2.55%, 07/27/33 | &nbsp;&nbsp; 490 | 430653 |
| 3.24%, 02/06/28 | &nbsp;&nbsp; 450 | 443950 |
| 3.50%, 01/31/34 | &nbsp;&nbsp; 335 | 312069 |
| 4.85%, 01/22/29 | &nbsp;&nbsp; 425 | 435246 |
|  |  | 2275059 |
| **Indonesia — 0.1%** | **Indonesia — 0.1%** | **Indonesia — 0.1%** |
| Indonesia Government International Bonds |  |  |
| 1.85%, 03/12/31 | &nbsp;&nbsp; 60 | 53307 |
| 2.15%, 07/28/31 | &nbsp;&nbsp; 300 | 267759 |
| 2.85%, 02/14/30 | &nbsp;&nbsp; 400 | 380115 |
| 3.40%, 09/18/29 | &nbsp;&nbsp; 40 | 39061 |
| 3.50%, 01/11/28 | &nbsp;&nbsp; 135 | 134029 |
| 3.55%, 03/31/32 | &nbsp;&nbsp; 280 | 266065 |
| 3.85%, 10/15/30 | &nbsp;&nbsp; 395 | 389068 |
| 4.10%, 04/24/28 | &nbsp;&nbsp; 320 | 321344 |
| 4.15%, 09/20/27 | &nbsp;&nbsp; 475 | 476307 |
| 4.40%, 03/10/29 | &nbsp;&nbsp; 70 | 70488 |
| 4.55%, 01/11/28 | &nbsp;&nbsp; 240 | 242515 |
| 4.65%, 09/20/32 | &nbsp;&nbsp; 325 | 327480 |
| 4.70%, 02/10/34 | &nbsp;&nbsp; 120 | 119436 |
| 4.75%, 02/11/29 | &nbsp;&nbsp; 340 | 347033 |
| 4.75%, 09/10/34 | &nbsp;&nbsp; 215 | 213739 |
| 4.85%, 01/11/33 | &nbsp;&nbsp; 295 | 297965 |
| 4.95%, 02/21/36 | &nbsp;&nbsp; 300 | 298829 |
| 5.25%, 01/15/30 | &nbsp;&nbsp; 90 | 93234 |
| 5.60%, 01/15/35 | &nbsp;&nbsp; 230 | 242445 |
|  |  | 4580219 |
| **Israel — 0.1%** | **Israel — 0.1%** | **Israel — 0.1%** |
| Israel Government International Bonds |  |  |
| 2.75%, 07/03/30 | &nbsp;&nbsp; 420 | 392870 |
| 3.25%, 01/17/28 | &nbsp;&nbsp; 40 | 39332 |
| 4.50%, 01/17/33 | &nbsp;&nbsp; 445 | 438058 |
| 5.00%, 01/13/36 | &nbsp;&nbsp; 490 | 488544 |
| 5.38%, 03/12/29 | &nbsp;&nbsp; 495 | 509330 |
| 5.38%, 02/19/30 | &nbsp;&nbsp; 500 | 517633 |
| 5.50%, 03/12/34 | &nbsp;&nbsp; 645 | 671285 |
| 5.63%, 02/19/35 | &nbsp;&nbsp; 500 | 524588 |
| State of Israel, 2.50%, 01/15/30 | &nbsp;&nbsp; 250 | 233286 |
|  |  | 3814926 |
| **Italy — 0.0%** | **Italy — 0.0%** | **Italy — 0.0%** |
| Republic of Italy Government International Bonds |  |  |
| 2.88%, 10/17/29 | &nbsp;&nbsp; 535 | 518983 |
| 5.38%, 06/15/33 | &nbsp;&nbsp; 315 | 338054 |
|  |  | 857037 |
| **Japan — 0.1%** | **Japan — 0.1%** | **Japan — 0.1%** |
| Japan Bank for International Cooperation |  |  |
| 1.25%, 01/21/31 | &nbsp;&nbsp; 335 | 298443 |
| 1.88%, 04/15/31 | &nbsp;&nbsp; 630 | 575140 |
| 2.00%, 10/17/29 | &nbsp;&nbsp; 200 | 188813 |
| 2.13%, 02/16/29 | &nbsp;&nbsp; 245 | 234850 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Japan (continued)** | **Japan (continued)** | **Japan (continued)** |
| 2.75%, 11/16/27 | &nbsp;&nbsp; $305 | $300652 |
| 2.88%, 06/01/27 | &nbsp;&nbsp; 305 | 302249 |
| 2.88%, 07/21/27 | &nbsp;&nbsp; 240 | 237587 |
| 3.25%, 07/20/28 | &nbsp;&nbsp; 200 | 198513 |
| 3.50%, 10/31/28 | &nbsp;&nbsp; 205 | 204570 |
| 4.38%, 10/05/27 | &nbsp;&nbsp; 195 | 197294 |
| 4.38%, 01/24/31 | &nbsp;&nbsp; 240 | 246755 |
| 4.63%, 07/22/27 | &nbsp;&nbsp; 310 | 314140 |
| 4.63%, 07/19/28 | &nbsp;&nbsp; 325 | 332723 |
| 4.63%, 04/17/34 | &nbsp;&nbsp; 215 | 223183 |
| 4.88%, 10/18/28 | &nbsp;&nbsp; 45 | 46462 |
| Japan International Cooperation Agency |  |  |
| 1.00%, 07/22/30 | &nbsp;&nbsp; 265 | 235696 |
| 2.75%, 04/27/27 | &nbsp;&nbsp; 200 | 198028 |
| 3.25%, 05/25/27 | &nbsp;&nbsp; 200 | 199080 |
| 3.38%, 06/12/28 | &nbsp;&nbsp; 210 | 208652 |
| 4.00%, 05/23/28 | &nbsp;&nbsp; 100 | 100704 |
| 4.75%, 05/21/29 | &nbsp;&nbsp; 210 | 216824 |
|  |  | 5060358 |
| **Mexico — 0.3%** | **Mexico — 0.3%** | **Mexico — 0.3%** |
| Mexico Government International Bonds |  |  |
| 2.66%, 05/24/31 | &nbsp;&nbsp; 770 | 693126 |
| 3.25%, 04/16/30 | &nbsp;&nbsp; 495 | 470988 |
| 3.50%, 02/12/34 | &nbsp;&nbsp; 635 | 556545 |
| 3.75%, 01/11/28 | &nbsp;&nbsp; 390 | 387075 |
| 4.15%, 03/28/27 | &nbsp;&nbsp; 492 | 492301 |
| 4.50%, 04/22/29 | &nbsp;&nbsp; 670 | 673854 |
| 4.75%, 03/22/31 | &nbsp;&nbsp; 180 | 179411 |
| 4.75%, 04/27/32 | &nbsp;&nbsp; 540 | 530884 |
| 4.88%, 05/19/33 | &nbsp;&nbsp; 500 | 486208 |
| 5.00%, 05/07/29 | &nbsp;&nbsp; 220 | 224449 |
| 5.38%, 03/22/33 | &nbsp;&nbsp; 920 | 922283 |
| 5.40%, 02/09/28 | &nbsp;&nbsp; 275 | 281306 |
| 5.63%, 02/09/34 | &nbsp;&nbsp; 675 | 682452 |
| 5.63%, 09/22/35 | &nbsp;&nbsp; 615 | 615037 |
| 5.85%, 07/02/32 | &nbsp;&nbsp; 440 | 456589 |
| 6.35%, 02/09/35 | &nbsp;&nbsp; 570 | 601353 |
| 6.75%, 09/27/34 | &nbsp;&nbsp; 455 | 496712 |
| 7.50%, 04/08/33 | &nbsp;&nbsp; 260 | 300374 |
| 8.30%, 08/15/31 | &nbsp;&nbsp; 467 | 554892 |
|  |  | 9605839 |
| **Panama — 0.1%** | **Panama — 0.1%** | **Panama — 0.1%** |
| Panama Government International Bonds |  |  |
| 2.25%, 09/29/32 | &nbsp;&nbsp; 560 | 471806 |
| 3.16%, 01/23/30 | &nbsp;&nbsp; 325 | 308289 |
| 3.30%, 01/19/33 | &nbsp;&nbsp; 220 | 196938 |
| 3.88%, 03/17/28 | &nbsp;&nbsp; 405 | 401843 |
| 6.40%, 02/14/35 | &nbsp;&nbsp; 510 | 546558 |
| 6.88%, 01/31/36<sup>(a)</sup> | &nbsp;&nbsp; 500 | 551454 |
| 7.50%, 03/01/31 | &nbsp;&nbsp; 215 | 240765 |
| 8.88%, 09/30/27 | &nbsp;&nbsp; 345 | 370523 |
| 9.38%, 04/01/29 | &nbsp;&nbsp; 355 | 407805 |
|  |  | 3495981 |
| **Peru — 0.1%** | **Peru — 0.1%** | **Peru — 0.1%** |
| Peru Government International Bonds |  |  |
| 1.86%, 12/01/32 | &nbsp;&nbsp; 390 | 327514 |
| 2.78%, 01/23/31 | &nbsp;&nbsp; 630 | 585642 |
| 2.84%, 06/20/30 | &nbsp;&nbsp; 215 | 203647 |
| 3.00%, 01/15/34 | &nbsp;&nbsp; 560 | 492785 |
| 4.13%, 08/25/27<sup>(a)</sup> | &nbsp;&nbsp; 210 | 210897 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Peru (continued)** | **Peru (continued)** | **Peru (continued)** |
| 5.38%, 02/08/35 | &nbsp;&nbsp; $285 | $294706 |
| 8.75%, 11/21/33 | &nbsp;&nbsp; 530 | 667322 |
|  |  | 2782513 |
| **Philippines — 0.1%** | **Philippines — 0.1%** | **Philippines — 0.1%** |
| Bangko Sentral ng Pilipinas International Bonds, <br> 8.60%, 06/15/27<br>| &nbsp;&nbsp; 55 | 58066 |
| Philippines Government International Bonds |  |  |
| 1.65%, 06/10/31 | &nbsp;&nbsp; 370 | 326046 |
| 1.95%, 01/06/32 | &nbsp;&nbsp; 250 | 219687 |
| 2.46%, 05/05/30 | &nbsp;&nbsp; 300 | 281119 |
| 3.00%, 02/01/28 | &nbsp;&nbsp; 470 | 462404 |
| 3.23%, 03/29/27 | &nbsp;&nbsp; 115 | 114177 |
| 3.56%, 09/29/32 | &nbsp;&nbsp; 50 | 47534 |
| 3.75%, 01/14/29 | &nbsp;&nbsp; 340 | 337766 |
| 4.38%, 03/05/30 | &nbsp;&nbsp; 40 | 40638 |
| 4.63%, 07/17/28 | &nbsp;&nbsp; 200 | 203179 |
| 4.75%, 03/05/35 | &nbsp;&nbsp; 20 | 20066 |
| 5.00%, 07/17/33 | &nbsp;&nbsp; 380 | 391096 |
| 5.00%, 01/27/36 | &nbsp;&nbsp; 400 | 406761 |
| 5.17%, 10/13/27 | &nbsp;&nbsp; 120 | 122466 |
| 5.25%, 05/14/34 | &nbsp;&nbsp; 120 | 125048 |
| 5.50%, 02/04/35 | &nbsp;&nbsp; 250 | 264547 |
| 5.61%, 04/13/33 | &nbsp;&nbsp; 275 | 293248 |
| 6.38%, 01/15/32 | &nbsp;&nbsp; 205 | 227112 |
| 6.38%, 10/23/34 | &nbsp;&nbsp; 400 | 447057 |
| 7.75%, 01/14/31 | &nbsp;&nbsp; 250 | 289464 |
| 9.50%, 02/02/30 | &nbsp;&nbsp; 612 | 733347 |
|  |  | 5410828 |
| **Poland — 0.1%** | **Poland — 0.1%** | **Poland — 0.1%** |
| Republic of Poland Government International Bonds |  |  |
| 4.63%, 03/18/29 | &nbsp;&nbsp; 355 | 363641 |
| 4.88%, 02/12/30 | &nbsp;&nbsp; 680 | 704568 |
| 4.88%, 10/04/33 | &nbsp;&nbsp; 605 | 620915 |
| 5.13%, 09/18/34 | &nbsp;&nbsp; 680 | 704806 |
| 5.38%, 02/12/35 | &nbsp;&nbsp; 640 | 671374 |
| 5.50%, 11/16/27 | &nbsp;&nbsp; 390 | 401160 |
| 5.75%, 11/16/32 | &nbsp;&nbsp; 400 | 431298 |
|  |  | 3897762 |
| **South Korea — 0.2%** | **South Korea — 0.2%** | **South Korea — 0.2%** |
| Export-Import Bank of Korea |  |  |
| 1.25%, 09/21/30 | &nbsp;&nbsp; 215 | 192921 |
| 1.38%, 02/09/31 | &nbsp;&nbsp; 550 | 492188 |
| 2.13%, 01/18/32 | &nbsp;&nbsp; 35 | 31911 |
| 2.38%, 04/21/27 | &nbsp;&nbsp; 175 | 172608 |
| 4.00%, 09/11/27 | &nbsp;&nbsp; 45 | 45244 |
| 4.00%, 09/11/29 | &nbsp;&nbsp; 115 | 116504 |
| 4.13%, 10/17/27 | &nbsp;&nbsp; 10 | 10080 |
| 4.25%, 09/15/27 | &nbsp;&nbsp; 335 | 338042 |
| 4.50%, 01/11/29 | &nbsp;&nbsp; 205 | 209983 |
| 4.50%, 09/15/32 | &nbsp;&nbsp; 200 | 207703 |
| 4.63%, 01/11/34 | &nbsp;&nbsp; 200 | 206561 |
| 5.00%, 01/11/28 | &nbsp;&nbsp; 185 | 189486 |
| 5.13%, 09/18/28 | &nbsp;&nbsp; 295 | 305594 |
| 5.13%, 01/11/33 | &nbsp;&nbsp; 390 | 414367 |
| 5.13%, 09/18/33 | &nbsp;&nbsp; 30 | 32025 |
| Korea Development Bank(The) |  |  |
| 1.38%, 04/25/27 | &nbsp;&nbsp; 50 | 48730 |
| 3.75%, 09/16/30 | &nbsp;&nbsp; 200 | 200272 |
| 4.25%, 09/08/32 | &nbsp;&nbsp; 200 | 204675 |
| 4.38%, 02/15/33 | &nbsp;&nbsp; 320 | 325406 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **South Korea (continued)** | **South Korea (continued)** | **South Korea (continued)** |
| 4.50%, 02/15/29 | &nbsp;&nbsp; $210 | $215263 |
| 4.88%, 02/03/30 | &nbsp;&nbsp; 200 | 208300 |
| 5.38%, 10/23/28 | &nbsp;&nbsp; 210 | 219160 |
| 5.63%, 10/23/33 | &nbsp;&nbsp; 325 | 357301 |
| Korea International Bonds |  |  |
| 1.00%, 09/16/30 | &nbsp;&nbsp; 70 | 62422 |
| 1.75%, 10/15/31 | &nbsp;&nbsp; 25 | 22626 |
| 2.50%, 06/19/29 | &nbsp;&nbsp; 245 | 236852 |
| 3.50%, 09/20/28 | &nbsp;&nbsp; 205 | 204625 |
| 4.50%, 07/03/29 | &nbsp;&nbsp; 240 | 246878 |
|  |  | 5517727 |
| **Supranational — 2.0%** | **Supranational — 2.0%** | **Supranational — 2.0%** |
| African Development Bank |  |  |
| 3.50%, 09/18/29 | &nbsp;&nbsp; 600 | 600277 |
| 3.63%, 03/03/31 | &nbsp;&nbsp; 50 | 50129 |
| 3.88%, 06/12/28 | &nbsp;&nbsp; 190 | 191784 |
| 4.00%, 03/18/30<sup>(a)</sup> | &nbsp;&nbsp; 535 | 544748 |
| 4.13%, 01/22/36 | &nbsp;&nbsp; 260 | 262240 |
| 4.38%, 11/03/27 | &nbsp;&nbsp; 600 | 608944 |
| 4.38%, 03/14/28 | &nbsp;&nbsp; 505 | 514167 |
| 4.50%, 06/12/35 | &nbsp;&nbsp; 435 | 452346 |
| 5.75% , (5-year CMT + 1.58%)<sup>(b)(e)</sup> | &nbsp;&nbsp; 200 | 201058 |
| Asian Development Bank |  |  |
| 0.75%, 10/08/30 | &nbsp;&nbsp; 280 | 247248 |
| 1.25%, 06/09/28 | &nbsp;&nbsp; 345 | 328755 |
| 1.50%, 03/04/31 | &nbsp;&nbsp; 515 | 466796 |
| 1.75%, 09/19/29 | &nbsp;&nbsp; 403 | 380104 |
| 1.88%, 03/15/29 | &nbsp;&nbsp; 155 | 148145 |
| 1.88%, 01/24/30 | &nbsp;&nbsp; 517 | 486797 |
| 2.38%, 08/10/27 | &nbsp;&nbsp; 25 | 24630 |
| 2.50%, 11/02/27 | &nbsp;&nbsp; 389 | 383208 |
| 2.75%, 01/19/28 | &nbsp;&nbsp; 450 | 444538 |
| 3.13%, 08/20/27 | &nbsp;&nbsp; 1155 | 1149923 |
| 3.13%, 09/26/28 | &nbsp;&nbsp; 240 | 238386 |
| 3.13%, 04/27/32 | &nbsp;&nbsp; 262 | 253942 |
| 3.63%, 08/28/29 | &nbsp;&nbsp; 885 | 889769 |
| 3.75%, 04/25/28 | &nbsp;&nbsp; 810 | 815466 |
| 3.75%, 08/28/30<sup>(a)</sup> | &nbsp;&nbsp; 340 | 343315 |
| 3.88%, 09/28/32 | &nbsp;&nbsp; 255 | 257222 |
| 3.88%, 06/14/33 | &nbsp;&nbsp; 515 | 517929 |
| 4.00%, 01/12/33 | &nbsp;&nbsp; 515 | 522786 |
| 4.13%, 05/30/30 | &nbsp;&nbsp; 550 | 563271 |
| 4.13%, 01/12/34 | &nbsp;&nbsp; 520 | 530048 |
| 4.25%, 01/14/36 | &nbsp;&nbsp; 250 | 255167 |
| 4.38%, 01/14/28 | &nbsp;&nbsp; 250 | 254271 |
| 4.38%, 03/06/29 | &nbsp;&nbsp; 850 | 873022 |
| 4.38%, 03/22/35 | &nbsp;&nbsp; 660 | 681669 |
| 4.50%, 08/25/28 | &nbsp;&nbsp; 835 | 856854 |
| 5.82%, 06/16/28 | &nbsp;&nbsp; 200 | 210031 |
| 6.22%, 08/15/27 | &nbsp;&nbsp; 50 | 51662 |
| 6.38%, 10/01/28 | &nbsp;&nbsp; 75 | 79907 |
| Asian Infrastructure Investment Bank(The) |  |  |
| 3.63%, 09/15/28 | &nbsp;&nbsp; 35 | 35194 |
| 3.75%, 09/14/27 | &nbsp;&nbsp; 370 | 371655 |
| 4.00%, 01/18/28 | &nbsp;&nbsp; 380 | 383932 |
| 4.13%, 01/18/29 | &nbsp;&nbsp; 605 | 616628 |
| 4.13%, 01/14/36 | &nbsp;&nbsp; 65 | 65860 |
| 4.25%, 03/13/34 | &nbsp;&nbsp; 415 | 426582 |
| 4.50%, 01/16/30 | &nbsp;&nbsp; 430 | 445548 |
| 4.50%, 05/21/35 | &nbsp;&nbsp; 265 | 276351 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| Corp. Andina de Fomento |  |  |
| 4.13%, 01/07/28 | &nbsp;&nbsp; $165 | $166325 |
| 5.00%, 01/24/29 | &nbsp;&nbsp; 250 | 258880 |
| 5.00%, 01/22/30 | &nbsp;&nbsp; 170 | 177169 |
| 6.00%, 04/26/27 | &nbsp;&nbsp; 330 | 338652 |
| Council of Europe Development Bank |  |  |
| 3.63%, 01/26/28 | &nbsp;&nbsp; 40 | 40127 |
| 3.63%, 05/08/28 | &nbsp;&nbsp; 155 | 155547 |
| 3.75%, 01/14/31 | &nbsp;&nbsp; 95 | 95822 |
| 4.13%, 01/24/29 | &nbsp;&nbsp; 230 | 234341 |
| 4.50%, 01/15/30 | &nbsp;&nbsp; 240 | 248481 |
| 4.63%, 06/11/27 | &nbsp;&nbsp; 215 | 218053 |
| European Bank for Reconstruction & Development |  |  |
| 4.13%, 01/25/29 | &nbsp;&nbsp; 860 | 876268 |
| 4.25%, 03/13/34 | &nbsp;&nbsp; 330 | 339036 |
| 4.38%, 03/09/28 | &nbsp;&nbsp; 630 | 641451 |
| European Investment Bank |  |  |
| 0.63%, 10/21/27 | &nbsp;&nbsp; 295 | 282040 |
| 0.75%, 09/23/30 | &nbsp;&nbsp; 175 | 154754 |
| 0.88%, 05/17/30 | &nbsp;&nbsp; 300 | 269319 |
| 1.25%, 02/14/31 | &nbsp;&nbsp; 945 | 847225 |
| 1.38%, 03/15/27 | &nbsp;&nbsp; 1115 | 1091161 |
| 1.63%, 10/09/29 | &nbsp;&nbsp; 170 | 159519 |
| 1.63%, 05/13/31 | &nbsp;&nbsp; 110 | 99901 |
| 1.75%, 03/15/29 | &nbsp;&nbsp; 660 | 628483 |
| 2.38%, 05/24/27 | &nbsp;&nbsp; 499 | 492592 |
| 3.25%, 11/15/27 | &nbsp;&nbsp; 560 | 558508 |
| 3.63%, 07/15/30 | &nbsp;&nbsp; 880 | 884203 |
| 3.75%, 11/15/29 | &nbsp;&nbsp; 1050 | 1060113 |
| 3.75%, 03/13/31 | &nbsp;&nbsp; 220 | 222029 |
| 3.75%, 02/14/33 | &nbsp;&nbsp; 1185 | 1184488 |
| 3.88%, 03/15/28 | &nbsp;&nbsp; 1300 | 1311759 |
| 3.88%, 10/15/30 | &nbsp;&nbsp; 310 | 314676 |
| 4.00%, 02/15/29 | &nbsp;&nbsp; 1065 | 1082578 |
| 4.13%, 02/13/34 | &nbsp;&nbsp; 960 | 979337 |
| 4.25%, 08/16/32 | &nbsp;&nbsp; 385 | 397055 |
| 4.25%, 02/08/36 | &nbsp;&nbsp; 205 | 209342 |
| 4.38%, 03/19/27 | &nbsp;&nbsp; 900 | 908200 |
| 4.38%, 10/10/31 | &nbsp;&nbsp; 910 | 944279 |
| 4.50%, 10/16/28 | &nbsp;&nbsp; 935 | 960857 |
| 4.50%, 03/14/30 | &nbsp;&nbsp; 1210 | 1255741 |
| 4.63%, 02/12/35 | &nbsp;&nbsp; 805 | 846518 |
| 4.75%, 06/15/29 | &nbsp;&nbsp; 1110 | 1154988 |
| Inter-American Development Bank |  |  |
| 0.63%, 09/16/27 | &nbsp;&nbsp; 440 | 421510 |
| 1.13%, 07/20/28 | &nbsp;&nbsp; 750 | 711531 |
| 1.13%, 01/13/31 | &nbsp;&nbsp; 1040 | 928311 |
| 2.25%, 06/18/29 | &nbsp;&nbsp; 638 | 614300 |
| 2.38%, 07/07/27 | &nbsp;&nbsp; 711 | 701074 |
| 3.13%, 09/18/28 | &nbsp;&nbsp; 790 | 784769 |
| 3.50%, 09/14/29 | &nbsp;&nbsp; 680 | 680740 |
| 3.50%, 04/12/33 | &nbsp;&nbsp; 595 | 584730 |
| 3.63%, 09/17/31<sup>(a)</sup> | &nbsp;&nbsp; 560 | 560110 |
| 3.75%, 06/14/30 | &nbsp;&nbsp; 125 | 126142 |
| 4.00%, 01/12/28 | &nbsp;&nbsp; 660 | 666698 |
| 4.13%, 02/15/29 | &nbsp;&nbsp; 920 | 937949 |
| 4.13%, 01/23/36 | &nbsp;&nbsp; 395 | 398300 |
| 4.38%, 07/17/34 | &nbsp;&nbsp; 620 | 640923 |
| 4.38%, 07/16/35 | &nbsp;&nbsp; 600 | 618818 |
| 4.50%, 02/15/30 | &nbsp;&nbsp; 525 | 544279 |
| 4.50%, 09/13/33 | &nbsp;&nbsp; 520 | 543462 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| Inter-American Investment Corp. |  |  |
| 3.63%, 11/20/28 | &nbsp;&nbsp; $35 | $35132 |
| 4.13%, 02/15/28 | &nbsp;&nbsp; 190 | 192178 |
| 4.25%, 02/14/29 | &nbsp;&nbsp; 220 | 224547 |
| 4.25%, 04/01/30 | &nbsp;&nbsp; 280 | 286738 |
| 4.75%, 09/19/28 | &nbsp;&nbsp; 120 | 123675 |
| International Bank for Reconstruction & <br> Development<br>|  |  |
| 0.75%, 11/24/27 | &nbsp;&nbsp; 1135 | 1084466 |
| 0.75%, 08/26/30 | &nbsp;&nbsp; 880 | 779703 |
| 0.88%, 05/14/30 | &nbsp;&nbsp; 1180 | 1059340 |
| 1.13%, 09/13/28 | &nbsp;&nbsp; 1190 | 1125035 |
| 1.25%, 02/10/31 | &nbsp;&nbsp; 973 | 872408 |
| 1.38%, 04/20/28 | &nbsp;&nbsp; 1170 | 1121053 |
| 1.63%, 11/03/31 | &nbsp;&nbsp; 1315 | 1180406 |
| 1.75%, 10/23/29 | &nbsp;&nbsp; 719 | 676928 |
| 2.50%, 11/22/27 | &nbsp;&nbsp; 470 | 462770 |
| 2.50%, 03/29/32 | &nbsp;&nbsp; 395 | 370188 |
| 3.13%, 06/15/27 | &nbsp;&nbsp; 975 | 970585 |
| 3.50%, 07/12/28 | &nbsp;&nbsp; 1195 | 1197934 |
| 3.50%, 10/28/30 | &nbsp;&nbsp; 160 | 159855 |
| 3.63%, 05/05/28 | &nbsp;&nbsp; 220 | 220911 |
| 3.63%, 09/21/29 | &nbsp;&nbsp; 635 | 638356 |
| 3.88%, 10/16/29<sup>(a)</sup> | &nbsp;&nbsp; 615 | 623384 |
| 3.88%, 02/14/30 | &nbsp;&nbsp; 1240 | 1257403 |
| 3.88%, 08/28/34 | &nbsp;&nbsp; 955 | 953520 |
| 4.00%, 07/25/30 | &nbsp;&nbsp; 675 | 688151 |
| 4.00%, 01/10/31 | &nbsp;&nbsp; 1210 | 1234373 |
| 4.00%, 05/06/32 | &nbsp;&nbsp; 945 | 962265 |
| 4.13%, 03/20/30 | &nbsp;&nbsp; 805 | 823912 |
| 4.38%, 08/27/35 | &nbsp;&nbsp; 1280 | 1321455 |
| 4.50%, 04/10/31 | &nbsp;&nbsp; 615 | 641327 |
| 4.63%, 08/01/28 | &nbsp;&nbsp; 920 | 946169 |
| 4.63%, 01/15/32 | &nbsp;&nbsp; 1335 | 1402574 |
| 4.75%, 11/14/33 | &nbsp;&nbsp; 875 | 928837 |
| 4.75%, 02/15/35 | &nbsp;&nbsp; 105 | 111130 |
| Series GDIF, 4.75%, 07/30/29 | &nbsp;&nbsp; 25 | 25042 |
| Series GDIF, 5.17%, 04/24/29 | &nbsp;&nbsp; 25 | 25104 |
| Series GDIF, 5.75%, 05/02/34 | &nbsp;&nbsp; 25 | 25084 |
| International Finance Corp. |  |  |
| 0.75%, 08/27/30<sup>(a)</sup> | &nbsp;&nbsp; 750 | 664386 |
| 3.88%, 07/02/30 | &nbsp;&nbsp; 300 | 304262 |
| 4.25%, 07/02/29 | &nbsp;&nbsp; 450 | 461156 |
| 4.50%, 01/21/28 | &nbsp;&nbsp; 160 | 163065 |
| 4.50%, 07/13/28 | &nbsp;&nbsp; 380 | 389441 |
| Nordic Investment Bank |  |  |
| 3.38%, 09/08/27 | &nbsp;&nbsp; 97 | 96902 |
| 3.75%, 05/09/30 | &nbsp;&nbsp; 200 | 201726 |
| 4.25%, 02/28/29 | &nbsp;&nbsp; 115 | 117656 |
| 4.38%, 03/14/28 | &nbsp;&nbsp; 155 | 157822 |
|  |  | 78164121 |
| **Sweden — 0.0%** | **Sweden — 0.0%** | **Sweden — 0.0%** |
| Svensk Exportkredit AB |  |  |
| 2.25%, 03/22/27 | &nbsp;&nbsp; 225 | 221870 |
| 3.75%, 09/13/27 | &nbsp;&nbsp; 300 | 301074 |
| 4.13%, 06/14/28 | &nbsp;&nbsp; 265 | 268356 |
| 4.25%, 02/01/29 | &nbsp;&nbsp; 220 | 224531 |
| 4.88%, 10/04/30 | &nbsp;&nbsp; 330 | 347557 |
|  |  | 1363388 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Uruguay — 0.0%** | **Uruguay — 0.0%** | **Uruguay — 0.0%** |
| Uruguay Government International Bonds |  |  |
| 4.38%, 10/27/27 | &nbsp;&nbsp; $293 | $295118 |
| 4.38%, 01/23/31 | &nbsp;&nbsp; 503 | 511090 |
| 5.75%, 10/28/34 | &nbsp;&nbsp; 515 | 553078 |
|  |  | 1359286 |
| **Total Foreign Government Obligations — 3.8%** <br>**(Cost: $146,862,477)** | **Total Foreign Government Obligations — 3.8%** <br>**(Cost: $146,862,477)** | 147820779 |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **California — 0.1%** | **California — 0.1%** | **California — 0.1%** |
| Regents of the University of California Medical <br> Center Pooled Revenue RB, 4.13%, 05/15/32<br>| &nbsp;&nbsp; 40 | 40096 |
| San Francisco City & County Public Utilities <br> Commission Wastewater Revenue RB, <br> Class A,4.66%, 10/01/27<br>| &nbsp;&nbsp; 120 | 121743 |
| State of California GO |  |  |
| 1.70%, 02/01/28<sup>(a)</sup> | &nbsp;&nbsp; 100 | 96607 |
| 2.50%, 10/01/29 | &nbsp;&nbsp; 550 | 530246 |
| 4.50%, 08/01/29 | &nbsp;&nbsp; 200 | 206060 |
| 4.88%, 09/01/30 | &nbsp;&nbsp; 500 | 524880 |
| 5.10%, 09/01/35 | &nbsp;&nbsp; 100 | 106104 |
| 5.75%, 10/01/31 | &nbsp;&nbsp; 100 | 109410 |
| 6.00%, 03/01/33 | &nbsp;&nbsp; 20 | 22429 |
| University of California RB |  |  |
| Series BD, 3.35%, 07/01/29 | &nbsp;&nbsp; 190 | 188361 |
| Series BG, 1.32%, 05/15/27 | &nbsp;&nbsp; 195 | 189721 |
| Series BG, 1.61%, 05/15/30 | &nbsp;&nbsp; 250 | 230376 |
|  |  | 2366033 |
| **Florida — 0.0%** | **Florida — 0.0%** | **Florida — 0.0%** |
| State Board of Administration Finance Corp. RB |  |  |
| 2.15%, 07/01/30 | &nbsp;&nbsp; 300 | 279948 |
| Class A,5.53%, 07/01/34<sup>(a)</sup> | &nbsp;&nbsp; 200 | 215164 |
|  |  | 495112 |
| **Illinois — 0.1%** | **Illinois — 0.1%** | **Illinois — 0.1%** |
| State of Illinois GO, 5.10%, 06/01/33 | &nbsp;&nbsp; 1475 | 1526285 |
| **Massachusetts — 0.0%** | **Massachusetts — 0.0%** | **Massachusetts — 0.0%** |
| Commonwealth of Massachusetts GOL BAB, 4.91%, <br> 05/01/29<br>| &nbsp;&nbsp; 250 | 255234 |
| Commonwealth of Massachusetts RB, 3.77%, <br> 07/15/29<sup>(a)</sup><br>| &nbsp;&nbsp; 325 | 326115 |
|  |  | 581349 |
| **New Jersey — 0.0%** | **New Jersey — 0.0%** | **New Jersey — 0.0%** |
| New Jersey Economic Development Authority RB, <br> Series A, Class A,7.43%, 02/15/29 (NPFGC)<br>| &nbsp;&nbsp; 222 | 234451 |
| **New York — 0.0%** | **New York — 0.0%** | **New York — 0.0%** |
| New York State Dormitory Authority RB, 5.23%, <br> 07/01/35<br>| &nbsp;&nbsp; 200 | 212690 |
| **Oregon — 0.0%** | **Oregon — 0.0%** | **Oregon — 0.0%** |
| Oregon School Boards Association GOL, Series B, <br> 5.68%, 06/30/28 (NPFGC)<br>| &nbsp;&nbsp; 191 | 194509 |
| **Texas — 0.0%** | **Texas — 0.0%** | **Texas — 0.0%** |
| Texas Department of Transportation State Highway <br> Fund RB, First Class,5.18%, 04/01/30<br>| &nbsp;&nbsp; 610 | 627743 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Virginia — 0.0%** | **Virginia — 0.0%** | **Virginia — 0.0%** |
| Williamsburg Economic Development Authority RB, <br> 4.96%, 11/01/35<br>| &nbsp;&nbsp; $35 | $36184 |
| **Total Municipal Debt Obligations — 0.2%** <br>**(Cost: $6,187,754)** | **Total Municipal Debt Obligations — 0.2%** <br>**(Cost: $6,187,754)** | 6274356 |
| **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** |
| **U.S. Government Agency Obligations — 0.3%** | **U.S. Government Agency Obligations — 0.3%** | **U.S. Government Agency Obligations — 0.3%** |
| Federal Home Loan Banks |  |  |
| 3.00%, 03/10/28 | &nbsp;&nbsp; 75 | 74311 |
| 3.25%, 06/09/28 | &nbsp;&nbsp; 300 | 298999 |
| 3.25%, 11/16/28 | &nbsp;&nbsp; 2470 | 2461861 |
| Federal Home Loan Mortgage Corp. |  |  |
| 6.25%, 07/15/32 | &nbsp;&nbsp; 500 | 571229 |
| 6.75%, 09/15/29<sup>(a)</sup> | &nbsp;&nbsp; 50 | 55436 |
| 6.75%, 03/15/31 | &nbsp;&nbsp; 1075 | 1231562 |
| Federal National Mortgage Association |  |  |
| 0.75%, 10/08/27 | &nbsp;&nbsp; 1807 | 1732185 |
| 0.88%, 08/05/30 | &nbsp;&nbsp; 2550 | 2279338 |
| 6.03%, 10/08/27 | &nbsp;&nbsp; 320 | 332484 |
| 6.25%, 05/15/29 | &nbsp;&nbsp; 1285 | 1393870 |
| 6.63%, 11/15/30 | &nbsp;&nbsp; 1075 | 1217317 |
| 7.13%, 01/15/30 | &nbsp;&nbsp; 25 | 28251 |
| 7.25%, 05/15/30 | &nbsp;&nbsp; 170 | 194729 |
| Tennessee Valley Authority, 4.88%, 05/15/35 | &nbsp;&nbsp; 250 | 263820 |
|  |  | 12135392 |
| **U.S. Government Obligations — 64.4%** | **U.S. Government Obligations — 64.4%** | **U.S. Government Obligations — 64.4%** |
| U.S. Treasury Bonds |  |  |
| 5.25%, 11/15/28 | &nbsp;&nbsp; 950 | 993195 |
| 5.25%, 02/15/29 | &nbsp;&nbsp; 150 | 157793 |
| 5.38%, 02/15/31 | &nbsp;&nbsp; 500 | 540117 |
| 5.50%, 08/15/28 | &nbsp;&nbsp; 5414 | 5667358 |
| 6.13%, 08/15/29 | &nbsp;&nbsp; 1000 | 1085000 |
| U.S. Treasury Notes |  |  |
| 0.38%, 07/31/27 | &nbsp;&nbsp; 760 | 727997 |
| 0.38%, 09/30/27 | &nbsp;&nbsp; 1983 | 1890976 |
| 0.50%, 04/30/27 | &nbsp;&nbsp; 2000 | 1932734 |
| 0.50%, 05/31/27 | &nbsp;&nbsp; 7900 | 7615477 |
| 0.50%, 06/30/27 | &nbsp;&nbsp; 6070 | 5838107 |
| 0.50%, 10/31/27 | &nbsp;&nbsp; 10100 | 9626957 |
| 0.63%, 03/31/27 | &nbsp;&nbsp; 3850 | 3733898 |
| 0.63%, 11/30/27 | &nbsp;&nbsp; 18918 | 18033436 |
| 0.63%, 12/31/27 | &nbsp;&nbsp; 18741 | 17825912 |
| 0.63%, 05/15/30 | &nbsp;&nbsp; 11450 | 10182449 |
| 0.75%, 01/31/28 | &nbsp;&nbsp; 9000 | 8563008 |
| 0.88%, 11/15/30 | &nbsp;&nbsp; 12178 | 10796558 |
| 1.00%, 07/31/28 | &nbsp;&nbsp; 13000 | 12288047 |
| 1.13%, 02/29/28 | &nbsp;&nbsp; 10000 | 9566797 |
| 1.13%, 08/31/28 | &nbsp;&nbsp; 17832 | 16876316 |
| 1.13%, 02/15/31 | &nbsp;&nbsp; 22527 | 20105348 |
| 1.25%, 03/31/28 | &nbsp;&nbsp; 11500 | 11010352 |
| 1.25%, 04/30/28 | &nbsp;&nbsp; 11780 | 11259103 |
| 1.25%, 05/31/28 | &nbsp;&nbsp; 11000 | 10495547 |
| 1.25%, 06/30/28 | &nbsp;&nbsp; 10500 | 10002070 |
| 1.25%, 09/30/28 | &nbsp;&nbsp; 15854 | 15021665 |
| 1.25%, 08/15/31 | &nbsp;&nbsp; 25712 | 22759138 |
| 1.38%, 10/31/28 | &nbsp;&nbsp; 11190 | 10620884 |
| 1.38%, 12/31/28 | &nbsp;&nbsp; 8500 | 8041797 |
| 1.38%, 11/15/31 | &nbsp;&nbsp; 25600 | 22664000 |
| 1.50%, 11/30/28 | &nbsp;&nbsp; 10050 | 9556137 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 1.50%, 02/15/30 | &nbsp;&nbsp; $11200 | $10399375 |
| 1.63%, 05/15/31 | &nbsp;&nbsp; 23000 | 20903047 |
| 1.75%, 01/31/29 | &nbsp;&nbsp; 10750 | 10262051 |
| 1.88%, 02/28/29 | &nbsp;&nbsp; 10000 | 9569531 |
| 1.88%, 02/15/32 | &nbsp;&nbsp; 24710 | 22389577 |
| 2.25%, 08/15/27 | &nbsp;&nbsp; 8000 | 7865312 |
| 2.25%, 11/15/27 | &nbsp;&nbsp; 12710 | 12465730 |
| 2.38%, 05/15/27 | &nbsp;&nbsp; 11000 | 10855195 |
| 2.38%, 03/31/29 | &nbsp;&nbsp; 9000 | 8731406 |
| 2.38%, 05/15/29 | &nbsp;&nbsp; 11000 | 10657969 |
| 2.50%, 03/31/27 | &nbsp;&nbsp; 11000 | 10883555 |
| 2.63%, 05/31/27 | &nbsp;&nbsp; 10041 | 9935590 |
| 2.63%, 02/15/29 | &nbsp;&nbsp; 12922 | 12643369 |
| 2.63%, 07/31/29 | &nbsp;&nbsp; 9500 | 9258047 |
| 2.75%, 04/30/27 | &nbsp;&nbsp; 13400 | 13287461 |
| 2.75%, 07/31/27 | &nbsp;&nbsp; 9910 | 9814771 |
| 2.75%, 02/15/28 | &nbsp;&nbsp; 8990 | 8882893 |
| 2.75%, 05/31/29 | &nbsp;&nbsp; 12284 | 12035441 |
| 2.75%, 08/15/32 | &nbsp;&nbsp; 20991 | 19870933 |
| 2.88%, 05/15/28 | &nbsp;&nbsp; 10830 | 10711547 |
| 2.88%, 08/15/28 | &nbsp;&nbsp; 13051 | 12895000 |
| 2.88%, 04/30/29 | &nbsp;&nbsp; 11000 | 10825547 |
| 2.88%, 05/15/32 | &nbsp;&nbsp; 21120 | 20200950 |
| 3.13%, 08/31/27 | &nbsp;&nbsp; 10000 | 9954297 |
| 3.13%, 11/15/28 | &nbsp;&nbsp; 14500 | 14401445 |
| 3.13%, 08/31/29 | &nbsp;&nbsp; 13000 | 12868984 |
| 3.25%, 06/30/27 | &nbsp;&nbsp; 10000 | 9972656 |
| 3.25%, 06/30/29 | &nbsp;&nbsp; 8600 | 8554984 |
| 3.38%, 09/15/27 | &nbsp;&nbsp; 20179 | 20160870 |
| 3.38%, 11/30/27 | &nbsp;&nbsp; 17044 | 17034013 |
| 3.38%, 12/31/27 | &nbsp;&nbsp; 23319 | 23308069 |
| 3.38%, 09/15/28 | &nbsp;&nbsp; 8792 | 8789253 |
| 3.38%, 05/15/33 | &nbsp;&nbsp; 22450 | 21927336 |
| 3.50%, 09/30/27 | &nbsp;&nbsp; 13227 | 13241467 |
| 3.50%, 10/31/27 | &nbsp;&nbsp; 18893 | 18915140 |
| 3.50%, 01/31/28 | &nbsp;&nbsp; 18298 | 18333738 |
| 3.50%, 04/30/28 | &nbsp;&nbsp; 5715 | 5727502 |
| 3.50%, 10/15/28 | &nbsp;&nbsp; 8383 | 8405922 |
| 3.50%, 11/15/28 | &nbsp;&nbsp; 8048 | 8071264 |
| 3.50%, 12/15/28 | &nbsp;&nbsp; 13760 | 13800850 |
| 3.50%, 01/15/29<sup>(a)</sup> | &nbsp;&nbsp; 9846 | 9876000 |
| 3.50%, 09/30/29 | &nbsp;&nbsp; 26346 | 26401574 |
| 3.50%, 01/31/30 | &nbsp;&nbsp; 9500 | 9514844 |
| 3.50%, 04/30/30 | &nbsp;&nbsp; 14500 | 14512461 |
| 3.50%, 11/30/30 | &nbsp;&nbsp; 23866 | 23854813 |
| 3.50%, 02/15/33 | &nbsp;&nbsp; 22590 | 22279388 |
| 3.63%, 08/31/27 | &nbsp;&nbsp; 18926 | 18976272 |
| 3.63%, 03/31/28 | &nbsp;&nbsp; 13350 | 13411535 |
| 3.63%, 05/31/28 | &nbsp;&nbsp; 10000 | 10050781 |
| 3.63%, 08/15/28 | &nbsp;&nbsp; 13635 | 13713827 |
| 3.63%, 08/31/29 | &nbsp;&nbsp; 12453 | 12530831 |
| 3.63%, 03/31/30 | &nbsp;&nbsp; 7900 | 7946289 |
| 3.63%, 08/31/30 | &nbsp;&nbsp; 18854 | 18952689 |
| 3.63%, 09/30/30 | &nbsp;&nbsp; 21444 | 21556246 |
| 3.63%, 10/31/30 | &nbsp;&nbsp; 20351 | 20452755 |
| 3.63%, 12/31/30 | &nbsp;&nbsp; 19990 | 20085265 |
| 3.63%, 09/30/31 | &nbsp;&nbsp; 8409 | 8422796 |
| 3.75%, 04/30/27 | &nbsp;&nbsp; 16285 | 16332074 |
| 3.75%, 06/30/27 | &nbsp;&nbsp; 25830 | 25926863 |
| 3.75%, 08/15/27 | &nbsp;&nbsp; 12773 | 12827385 |
| 3.75%, 04/15/28 | &nbsp;&nbsp; 15622 | 15735504 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 3.75%, 05/15/28 | &nbsp;&nbsp; $10929 | $11011821 |
| 3.75%, 12/31/28 | &nbsp;&nbsp; 9470 | 9561741 |
| 3.75%, 05/31/30 | &nbsp;&nbsp; 11000 | 11114297 |
| 3.75%, 06/30/30 | &nbsp;&nbsp; 11026 | 11141428 |
| 3.75%, 12/31/30 | &nbsp;&nbsp; 14901 | 15050010 |
| 3.75%, 01/31/31 | &nbsp;&nbsp; 21828 | 22053101 |
| 3.75%, 08/31/31 | &nbsp;&nbsp; 11185 | 11275878 |
| 3.75%, 10/31/32 | &nbsp;&nbsp; 8458 | 8483110 |
| 3.75%, 11/30/32 | &nbsp;&nbsp; 10828 | 10856762 |
| 3.88%, 03/31/27 | &nbsp;&nbsp; 15728 | 15788823 |
| 3.88%, 05/31/27 | &nbsp;&nbsp; 22625 | 22731938 |
| 3.88%, 07/31/27 | &nbsp;&nbsp; 18210 | 18316699 |
| 3.88%, 10/15/27 | &nbsp;&nbsp; 12509 | 12596954 |
| 3.88%, 11/30/27 | &nbsp;&nbsp; 16726 | 16854712 |
| 3.88%, 12/31/27 | &nbsp;&nbsp; 5235 | 5278352 |
| 3.88%, 03/15/28 | &nbsp;&nbsp; 18818 | 18998829 |
| 3.88%, 06/15/28 | &nbsp;&nbsp; 6909 | 6984027 |
| 3.88%, 07/15/28 | &nbsp;&nbsp; 8840 | 8937378 |
| 3.88%, 09/30/29 | &nbsp;&nbsp; 17160 | 17409356 |
| 3.88%, 11/30/29 | &nbsp;&nbsp; 13078 | 13271105 |
| 3.88%, 12/31/29 | &nbsp;&nbsp; 17124 | 17380860 |
| 3.88%, 04/30/30 | &nbsp;&nbsp; 17300 | 17566258 |
| 3.88%, 06/30/30 | &nbsp;&nbsp; 20450 | 20767934 |
| 3.88%, 07/31/30 | &nbsp;&nbsp; 22789 | 23146859 |
| 3.88%, 08/31/32 | &nbsp;&nbsp; 11851 | 11982472 |
| 3.88%, 09/30/32 | &nbsp;&nbsp; 8969 | 9064296 |
| 3.88%, 12/31/32 | &nbsp;&nbsp; 10552 | 10655871 |
| 3.88%, 08/15/33 | &nbsp;&nbsp; 25657 | 25841410 |
| 3.88%, 08/15/34 | &nbsp;&nbsp; 29724 | 29765799 |
| 4.00%, 12/15/27 | &nbsp;&nbsp; 11895 | 12016738 |
| 4.00%, 02/29/28 | &nbsp;&nbsp; 12000 | 12138750 |
| 4.00%, 06/30/28 | &nbsp;&nbsp; 15192 | 15402077 |
| 4.00%, 01/31/29 | &nbsp;&nbsp; 9877 | 10042131 |
| 4.00%, 07/31/29 | &nbsp;&nbsp; 12526 | 12757927 |
| 4.00%, 10/31/29 | &nbsp;&nbsp; 8700 | 8865164 |
| 4.00%, 02/28/30 | &nbsp;&nbsp; 23913 | 24387524 |
| 4.00%, 03/31/30 | &nbsp;&nbsp; 17341 | 17689175 |
| 4.00%, 05/31/30 | &nbsp;&nbsp; 14970 | 15275248 |
| 4.00%, 07/31/30 | &nbsp;&nbsp; 13000 | 13269141 |
| 4.00%, 01/31/31 | &nbsp;&nbsp; 9829 | 10036330 |
| 4.00%, 04/30/32 | &nbsp;&nbsp; 8517 | 8680686 |
| 4.00%, 06/30/32 | &nbsp;&nbsp; 11256 | 11467929 |
| 4.00%, 07/31/32 | &nbsp;&nbsp; 8534 | 8692012 |
| 4.00%, 01/31/33 | &nbsp;&nbsp; 3900 | 3967031 |
| 4.00%, 02/15/34 | &nbsp;&nbsp; 28610 | 28985506 |
| 4.00%, 11/15/35 | &nbsp;&nbsp; 29618 | 29724440 |
| 4.13%, 09/30/27 | &nbsp;&nbsp; 11726 | 11850589 |
| 4.13%, 10/31/27 | &nbsp;&nbsp; 10698 | 10817935 |
| 4.13%, 11/15/27<sup>(a)</sup> | &nbsp;&nbsp; 14895 | 15067805 |
| 4.13%, 07/31/28 | &nbsp;&nbsp; 11000 | 11189063 |
| 4.13%, 03/31/29 | &nbsp;&nbsp; 13013 | 13287493 |
| 4.13%, 10/31/29 | &nbsp;&nbsp; 18854 | 19294418 |
| 4.13%, 11/30/29 | &nbsp;&nbsp; 18017 | 18442089 |
| 4.13%, 08/31/30 | &nbsp;&nbsp; 7612 | 7807058 |
| 4.13%, 03/31/31 | &nbsp;&nbsp; 7208 | 7401715 |
| 4.13%, 07/31/31 | &nbsp;&nbsp; 8460 | 8690006 |
| 4.13%, 10/31/31 | &nbsp;&nbsp; 8346 | 8568343 |
| 4.13%, 11/30/31 | &nbsp;&nbsp; 7366 | 7562235 |
| 4.13%, 02/29/32 | &nbsp;&nbsp; 7772 | 7976015 |
| 4.13%, 03/31/32 | &nbsp;&nbsp; 11324 | 11621255 |
| 4.13%, 05/31/32 | &nbsp;&nbsp; 9346 | 9588412 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| 4.13%, 11/15/32 | &nbsp;&nbsp; $22000 | $22550000 |
| 4.13%, 02/15/36 | &nbsp;&nbsp; 13640 | 13821156 |
| 4.25%, 03/15/27 | &nbsp;&nbsp; 9696 | 9768341 |
| 4.25%, 01/15/28 | &nbsp;&nbsp; 9718 | 9865668 |
| 4.25%, 02/15/28 | &nbsp;&nbsp; 9534 | 9687438 |
| 4.25%, 02/28/29 | &nbsp;&nbsp; 17156 | 17570157 |
| 4.25%, 06/30/29 | &nbsp;&nbsp; 12731 | 13062205 |
| 4.25%, 01/31/30 | &nbsp;&nbsp; 14328 | 14739930 |
| 4.25%, 02/28/31 | &nbsp;&nbsp; 7795 | 8048338 |
| 4.25%, 06/30/31 | &nbsp;&nbsp; 8064 | 8330490 |
| 4.25%, 11/15/34 | &nbsp;&nbsp; 28705 | 29494387 |
| 4.25%, 05/15/35 | &nbsp;&nbsp; 29040 | 29784150 |
| 4.25%, 08/15/35 | &nbsp;&nbsp; 29433 | 30164226 |
| 4.38%, 07/15/27 | &nbsp;&nbsp; 13363 | 13527428 |
| 4.38%, 08/31/28 | &nbsp;&nbsp; 11197 | 11459430 |
| 4.38%, 11/30/28 | &nbsp;&nbsp; 8972 | 9201207 |
| 4.38%, 12/31/29 | &nbsp;&nbsp; 14927 | 15416792 |
| 4.38%, 11/30/30 | &nbsp;&nbsp; 6370 | 6606884 |
| 4.38%, 01/31/32 | &nbsp;&nbsp; 7450 | 7745090 |
| 4.38%, 05/15/34 | &nbsp;&nbsp; 29598 | 30731048 |
| 4.50%, 04/15/27 | &nbsp;&nbsp; 12897 | 13037053 |
| 4.50%, 05/15/27 | &nbsp;&nbsp; 13679 | 13839301 |
| 4.50%, 05/31/29 | &nbsp;&nbsp; 17898 | 18490871 |
| 4.50%, 12/31/31 | &nbsp;&nbsp; 7545 | 7893956 |
| 4.50%, 11/15/33 | &nbsp;&nbsp; 27303 | 28599892 |
| 4.63%, 06/15/27 | &nbsp;&nbsp; 11404 | 11567933 |
| 4.63%, 09/30/28 | &nbsp;&nbsp; 8337 | 8590367 |
| 4.63%, 04/30/29 | &nbsp;&nbsp; 17897 | 18544368 |
| 4.63%, 09/30/30 | &nbsp;&nbsp; 9072 | 9498668 |
| 4.63%, 04/30/31 | &nbsp;&nbsp; 7835 | 8230423 |
| 4.63%, 05/31/31 | &nbsp;&nbsp; 8404 | 8829453 |
| 4.63%, 02/15/35 | &nbsp;&nbsp; 28786 | 30369230 |
| 4.88%, 10/31/28 | &nbsp;&nbsp; 8906 | 9239279 |
| 4.88%, 10/31/30 | &nbsp;&nbsp; 7506 | 7943459 |
|  |  | 2510349390 |
| **Total U.S. Government & Agency Obligations — 64.7%** <br>**(Cost: $2,516,964,357)** | **Total U.S. Government & Agency Obligations — 64.7%** <br>**(Cost: $2,516,964,357)** | 2522484782 |
| **Total Long-Term Investments — 98.5%** <br>**(Cost: $3,822,147,861)** | **Total Long-Term Investments — 98.5%** <br>**(Cost: $3,822,147,861)** | 3840211895 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.5%** | **Money Market Funds — 1.5%** | **Money Market Funds — 1.5%** |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(f)(g)(h)</sup><br>| &nbsp;&nbsp; 57191179 | $57191179 |
| **Total Short-Term Securities — 1.5%** <br>**(Cost: $57,191,179)** | **Total Short-Term Securities — 1.5%** <br>**(Cost: $57,191,179)** | 57191179 |
| **Total Investments — 100.0%** <br>**(Cost: $3,879,339,040)** | **Total Investments — 100.0%** <br>**(Cost: $3,879,339,040)** | 3897403074 |
| **Other Assets Less Liabilities — 0.0%** | **Other Assets Less Liabilities — 0.0%** | 1053097 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $3898456171 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security is on loan.

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

<sup>(c)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(d)</sup> U.S. dollar denominated security issued by foreign domiciled entity.

<sup>(e)</sup> Perpetual security with no stated maturity date.

<sup>(f)</sup> Affiliate of the Fund.

<sup>(g)</sup> Annualized 7-day yield as of period end.

<sup>(h)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| $23725200<br> $33465979 <br><sup>(a)</sup><br>| $— | $— | $— | $57191179 | 57191179<br> $663455 <br><sup>(b)</sup><br>| $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® Intermediate Government/Credit Bond ETF**

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1163631978 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1163631978 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 147820779 | &nbsp;&nbsp; — | &nbsp;&nbsp; 147820779 |
| Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 6274356 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6274356 |
| U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 2522484782 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2522484782 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 57191179 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 57191179 |
|  | &nbsp;&nbsp; $57191179 | &nbsp;&nbsp; $3840211895 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $3897403074 |

---

*See notes to financial statements.*

Schedule of Investments

------

Schedule of Investments

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Agency Obligations** | **U.S. Government Agency Obligations** | **U.S. Government Agency Obligations** |
| **Mortgage-Backed Securities — 99.5%** | **Mortgage-Backed Securities — 99.5%** | **Mortgage-Backed Securities — 99.5%** |
| Federal Home Loan Mortgage Corp. |  |  |
| 2.00%, 03/01/28 | &nbsp;&nbsp; $13 | &nbsp;&nbsp; $12730 |
| 2.00%, 05/01/28 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2751 |
| 2.00%, 08/01/28 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 46601 |
| 2.00%, 09/01/28 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 25329 |
| 2.00%, 12/01/28 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8506 |
| 2.00%, 01/01/30 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 39123 |
| 2.50%, 03/01/27 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3550 |
| 2.50%, 06/01/27 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5369 |
| 2.50%, 07/01/27 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 51280 |
| 2.50%, 08/01/27 | &nbsp;&nbsp; 91 | &nbsp;&nbsp; 90650 |
| 2.50%, 09/01/27 | &nbsp;&nbsp; 96 | &nbsp;&nbsp; 94673 |
| 2.50%, 11/01/27 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 51674 |
| 2.50%, 12/01/27 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 790 |
| 2.50%, 01/01/28 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1825 |
| 2.50%, 02/01/28 | &nbsp;&nbsp; 790 | &nbsp;&nbsp; 780169 |
| 2.50%, 03/01/28 | &nbsp;&nbsp; 106 | &nbsp;&nbsp; 104501 |
| 2.50%, 04/01/28 | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 81364 |
| 2.50%, 05/01/28 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19116 |
| 2.50%, 06/01/28 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 24758 |
| 2.50%, 07/01/28 | &nbsp;&nbsp; 71 | &nbsp;&nbsp; 70144 |
| 2.50%, 09/01/28 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 23667 |
| 2.50%, 07/01/29 | &nbsp;&nbsp; 424 | &nbsp;&nbsp; 417387 |
| 2.50%, 08/01/29 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13341 |
| 2.50%, 10/01/29 | &nbsp;&nbsp; 68 | &nbsp;&nbsp; 66510 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 248 | &nbsp;&nbsp; 243731 |
| 2.50%, 01/01/30 | &nbsp;&nbsp; 1509 | &nbsp;&nbsp; 1487632 |
| 2.50%, 02/01/30 | &nbsp;&nbsp; 222 | &nbsp;&nbsp; 217799 |
| 2.50%, 03/01/30 | &nbsp;&nbsp; 1274 | &nbsp;&nbsp; 1250326 |
| 2.50%, 04/01/30 | &nbsp;&nbsp; 1748 | &nbsp;&nbsp; 1712178 |
| 2.50%, 05/01/30 | &nbsp;&nbsp; 1566 | &nbsp;&nbsp; 1534560 |
| 2.50%, 06/01/30 | &nbsp;&nbsp; 4555 | &nbsp;&nbsp; 4461071 |
| 2.50%, 07/01/30 | &nbsp;&nbsp; 329 | &nbsp;&nbsp; 322276 |
| 2.50%, 08/01/30 | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 129305 |
| 2.50%, 09/01/30 | &nbsp;&nbsp; 139 | &nbsp;&nbsp; 136230 |
| 2.50%, 10/01/30 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3169 |
| 2.50%, 12/01/30 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5769 |
| 2.50%, 01/01/31 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 18354 |
| 2.50%, 04/01/31 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1731 |
| 2.50%, 06/01/31 | &nbsp;&nbsp; 431 | &nbsp;&nbsp; 420958 |
| 2.50%, 08/01/31 | &nbsp;&nbsp; 524 | &nbsp;&nbsp; 511177 |
| 2.50%, 09/01/31 | &nbsp;&nbsp; 445 | &nbsp;&nbsp; 433379 |
| 2.50%, 10/01/31 | &nbsp;&nbsp; 2340 | &nbsp;&nbsp; 2280039 |
| 2.50%, 11/01/31 | &nbsp;&nbsp; 2757 | &nbsp;&nbsp; 2684943 |
| 2.50%, 12/01/31 | &nbsp;&nbsp; 6993 | &nbsp;&nbsp; 6808163 |
| 2.50%, 01/01/32 | &nbsp;&nbsp; 9721 | &nbsp;&nbsp; 9458328 |
| 2.50%, 02/01/32 | &nbsp;&nbsp; 5404 | &nbsp;&nbsp; 5259727 |
| 2.50%, 07/01/32 | &nbsp;&nbsp; 701 | &nbsp;&nbsp; 679792 |
| 2.50%, 08/01/32 | &nbsp;&nbsp; 802 | &nbsp;&nbsp; 777730 |
| 2.50%, 09/01/32 | &nbsp;&nbsp; 3113 | &nbsp;&nbsp; 3026782 |
| 2.50%, 10/01/32 | &nbsp;&nbsp; 630 | &nbsp;&nbsp; 609724 |
| 2.50%, 11/01/32 | &nbsp;&nbsp; 6334 | &nbsp;&nbsp; 6131816 |
| 2.50%, 12/01/32 | &nbsp;&nbsp; 357 | &nbsp;&nbsp; 345129 |
| 2.50%, 01/01/33 | &nbsp;&nbsp; 3266 | &nbsp;&nbsp; 3163994 |
| 2.50%, 02/01/33 | &nbsp;&nbsp; 528 | &nbsp;&nbsp; 511728 |
| 2.50%, 04/01/33 | &nbsp;&nbsp; 637 | &nbsp;&nbsp; 615667 |
| 2.50%, 08/01/33 | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 217534 |
| 2.50%, 06/01/34 | &nbsp;&nbsp; 249 | &nbsp;&nbsp; 239187 |
| 2.50%, 01/01/43 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 41680 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.50%, 02/01/43 | &nbsp;&nbsp; $520 | &nbsp;&nbsp; $476773 |
| 2.50%, 03/01/43 | &nbsp;&nbsp; 68 | &nbsp;&nbsp; 62612 |
| 2.50%, 04/01/43 | &nbsp;&nbsp; 274 | &nbsp;&nbsp; 251286 |
| 2.50%, 06/01/43 | &nbsp;&nbsp; 212 | &nbsp;&nbsp; 194678 |
| 2.50%, 07/01/43 | &nbsp;&nbsp; 896 | &nbsp;&nbsp; 821643 |
| 2.50%, 08/01/43 | &nbsp;&nbsp; 98 | &nbsp;&nbsp; 89530 |
| 2.50%, 04/01/45 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 67213 |
| 2.50%, 07/01/45 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8427 |
| 2.50%, 01/01/46 | &nbsp;&nbsp; 109 | &nbsp;&nbsp; 97360 |
| 2.50%, 11/01/46 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 48404 |
| 2.50%, 12/01/46 | &nbsp;&nbsp; 752 | &nbsp;&nbsp; 673603 |
| 2.50%, 01/01/47 | &nbsp;&nbsp; 749 | &nbsp;&nbsp; 671344 |
| 2.50%, 02/01/47 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 11465 |
| 2.50%, 03/01/47 | &nbsp;&nbsp; 1629 | &nbsp;&nbsp; 1459696 |
| 3.00%, 10/01/26 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10859 |
| 3.00%, 11/01/26 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17096 |
| 3.00%, 12/01/26 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13217 |
| 3.00%, 01/01/27 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 857 |
| 3.00%, 02/01/27 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 52853 |
| 3.00%, 03/01/27 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 841 |
| 3.00%, 04/01/27 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 100373 |
| 3.00%, 05/01/27 | &nbsp;&nbsp; 382 | &nbsp;&nbsp; 379491 |
| 3.00%, 06/01/27 | &nbsp;&nbsp; 159 | &nbsp;&nbsp; 157156 |
| 3.00%, 07/01/27 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 24148 |
| 3.00%, 08/01/27 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 43646 |
| 3.00%, 09/01/27 | &nbsp;&nbsp; 488 | &nbsp;&nbsp; 483553 |
| 3.00%, 11/01/27 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 74429 |
| 3.00%, 12/01/27 | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 57244 |
| 3.00%, 01/01/28 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9658 |
| 3.00%, 04/01/28 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4388 |
| 3.00%, 05/01/28 | &nbsp;&nbsp; 66 | &nbsp;&nbsp; 65640 |
| 3.00%, 06/01/28 | &nbsp;&nbsp; 147 | &nbsp;&nbsp; 145958 |
| 3.00%, 07/01/28 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 586 |
| 3.00%, 09/01/28 | &nbsp;&nbsp; 476 | &nbsp;&nbsp; 471277 |
| 3.00%, 10/01/28 | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 80405 |
| 3.00%, 11/01/28 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15113 |
| 3.00%, 01/01/29 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; 55476 |
| 3.00%, 04/01/29 | &nbsp;&nbsp; 769 | &nbsp;&nbsp; 762359 |
| 3.00%, 05/01/29 | &nbsp;&nbsp; 1408 | &nbsp;&nbsp; 1394142 |
| 3.00%, 06/01/29 | &nbsp;&nbsp; 98 | &nbsp;&nbsp; 97292 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 148 | &nbsp;&nbsp; 146345 |
| 3.00%, 09/01/29 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9824 |
| 3.00%, 10/01/29 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 37599 |
| 3.00%, 11/01/29 | &nbsp;&nbsp; 347 | &nbsp;&nbsp; 343630 |
| 3.00%, 12/01/29 | &nbsp;&nbsp; 397 | &nbsp;&nbsp; 392825 |
| 3.00%, 01/01/30 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 56510 |
| 3.00%, 02/01/30 | &nbsp;&nbsp; 613 | &nbsp;&nbsp; 606534 |
| 3.00%, 03/01/30 | &nbsp;&nbsp; 132 | &nbsp;&nbsp; 129712 |
| 3.00%, 05/01/30 | &nbsp;&nbsp; 882 | &nbsp;&nbsp; 870702 |
| 3.00%, 06/01/30 | &nbsp;&nbsp; 1041 | &nbsp;&nbsp; 1029521 |
| 3.00%, 07/01/30 | &nbsp;&nbsp; 714 | &nbsp;&nbsp; 705285 |
| 3.00%, 08/01/30 | &nbsp;&nbsp; 171 | &nbsp;&nbsp; 168486 |
| 3.00%, 09/01/30 | &nbsp;&nbsp; 932 | &nbsp;&nbsp; 920440 |
| 3.00%, 10/01/30 | &nbsp;&nbsp; 158 | &nbsp;&nbsp; 155524 |
| 3.00%, 11/01/30 | &nbsp;&nbsp; 345 | &nbsp;&nbsp; 340840 |
| 3.00%, 12/01/30 | &nbsp;&nbsp; 236 | &nbsp;&nbsp; 232581 |
| 3.00%, 01/01/31 | &nbsp;&nbsp; 448 | &nbsp;&nbsp; 442112 |
| 3.00%, 02/01/31 | &nbsp;&nbsp; 1666 | &nbsp;&nbsp; 1643137 |
| 3.00%, 03/01/31 | &nbsp;&nbsp; 965 | &nbsp;&nbsp; 950929 |
| 3.00%, 05/01/31 | &nbsp;&nbsp; 2467 | &nbsp;&nbsp; 2431015 |
| 3.00%, 06/01/31 | &nbsp;&nbsp; 2036 | &nbsp;&nbsp; 2006152 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 07/01/31 | &nbsp;&nbsp; $198 | &nbsp;&nbsp; $194915 |
| 3.00%, 09/01/31 | &nbsp;&nbsp; 485 | &nbsp;&nbsp; 477921 |
| 3.00%, 10/01/31 | &nbsp;&nbsp; 63 | &nbsp;&nbsp; 62658 |
| 3.00%, 12/01/31 | &nbsp;&nbsp; 246 | &nbsp;&nbsp; 242021 |
| 3.00%, 01/01/32 | &nbsp;&nbsp; 866 | &nbsp;&nbsp; 852055 |
| 3.00%, 02/01/32 | &nbsp;&nbsp; 242 | &nbsp;&nbsp; 237932 |
| 3.00%, 03/01/32 | &nbsp;&nbsp; 1942 | &nbsp;&nbsp; 1911613 |
| 3.00%, 07/01/32 | &nbsp;&nbsp; 173 | &nbsp;&nbsp; 169214 |
| 3.00%, 08/01/32 | &nbsp;&nbsp; 495 | &nbsp;&nbsp; 485634 |
| 3.00%, 09/01/32 | &nbsp;&nbsp; 1280 | &nbsp;&nbsp; 1255900 |
| 3.00%, 10/01/32 | &nbsp;&nbsp; 229 | &nbsp;&nbsp; 224409 |
| 3.00%, 11/01/32 | &nbsp;&nbsp; 2638 | &nbsp;&nbsp; 2587733 |
| 3.00%, 12/01/32 | &nbsp;&nbsp; 2320 | &nbsp;&nbsp; 2275749 |
| 3.00%, 01/01/33 | &nbsp;&nbsp; 1939 | &nbsp;&nbsp; 1899990 |
| 3.00%, 02/01/33 | &nbsp;&nbsp; 1393 | &nbsp;&nbsp; 1365558 |
| 3.00%, 03/01/33 | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 32960 |
| 3.00%, 05/01/33 | &nbsp;&nbsp; 4443 | &nbsp;&nbsp; 4344575 |
| 3.00%, 07/01/33 | &nbsp;&nbsp; 830 | &nbsp;&nbsp; 814645 |
| 3.00%, 08/01/33 | &nbsp;&nbsp; 343 | &nbsp;&nbsp; 335323 |
| 3.00%, 11/01/33 | &nbsp;&nbsp; 205 | &nbsp;&nbsp; 200012 |
| 3.00%, 03/01/42 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14009 |
| 3.00%, 08/01/42 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4088 |
| 3.00%, 10/01/42 | &nbsp;&nbsp; 479 | &nbsp;&nbsp; 451208 |
| 3.00%, 11/01/42 | &nbsp;&nbsp; 10028 | &nbsp;&nbsp; 9447871 |
| 3.00%, 12/01/42 | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 31997 |
| 3.00%, 01/01/43 | &nbsp;&nbsp; 3348 | &nbsp;&nbsp; 3152936 |
| 3.00%, 02/01/43 | &nbsp;&nbsp; 2587 | &nbsp;&nbsp; 2437791 |
| 3.00%, 03/01/43 | &nbsp;&nbsp; 796 | &nbsp;&nbsp; 748052 |
| 3.00%, 04/01/43 | &nbsp;&nbsp; 486 | &nbsp;&nbsp; 456209 |
| 3.00%, 05/01/43 | &nbsp;&nbsp; 1176 | &nbsp;&nbsp; 1104313 |
| 3.00%, 06/01/43 | &nbsp;&nbsp; 696 | &nbsp;&nbsp; 653287 |
| 3.00%, 07/01/43 | &nbsp;&nbsp; 1474 | &nbsp;&nbsp; 1382157 |
| 3.00%, 08/01/43 | &nbsp;&nbsp; 607 | &nbsp;&nbsp; 570048 |
| 3.00%, 09/01/43 | &nbsp;&nbsp; 1789 | &nbsp;&nbsp; 1679628 |
| 3.00%, 10/01/43 | &nbsp;&nbsp; 770 | &nbsp;&nbsp; 726022 |
| 3.00%, 04/01/44 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 38183 |
| 3.00%, 01/01/45 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5108 |
| 3.00%, 02/01/45 | &nbsp;&nbsp; 1108 | &nbsp;&nbsp; 1039617 |
| 3.00%, 03/01/45 | &nbsp;&nbsp; 187 | &nbsp;&nbsp; 174940 |
| 3.00%, 04/01/45 | &nbsp;&nbsp; 17696 | &nbsp;&nbsp; 16469752 |
| 3.00%, 05/01/45 | &nbsp;&nbsp; 5225 | &nbsp;&nbsp; 4833353 |
| 3.00%, 06/01/45 | &nbsp;&nbsp; 661 | &nbsp;&nbsp; 615750 |
| 3.00%, 07/01/45 | &nbsp;&nbsp; 2190 | &nbsp;&nbsp; 2038384 |
| 3.00%, 08/01/45 | &nbsp;&nbsp; 436 | &nbsp;&nbsp; 407724 |
| 3.00%, 10/01/45 | &nbsp;&nbsp; 123 | &nbsp;&nbsp; 114846 |
| 3.00%, 11/01/45 | &nbsp;&nbsp; 436 | &nbsp;&nbsp; 407700 |
| 3.00%, 12/01/45 | &nbsp;&nbsp; 4290 | &nbsp;&nbsp; 3994153 |
| 3.00%, 01/01/46 | &nbsp;&nbsp; 1249 | &nbsp;&nbsp; 1162337 |
| 3.00%, 02/01/46 | &nbsp;&nbsp; 88 | &nbsp;&nbsp; 81481 |
| 3.00%, 03/01/46 | &nbsp;&nbsp; 14090 | &nbsp;&nbsp; 13064380 |
| 3.00%, 04/01/46 | &nbsp;&nbsp; 392 | &nbsp;&nbsp; 362995 |
| 3.00%, 05/01/46 | &nbsp;&nbsp; 371 | &nbsp;&nbsp; 344294 |
| 3.00%, 06/01/46 | &nbsp;&nbsp; 738 | &nbsp;&nbsp; 688796 |
| 3.00%, 07/01/46 | &nbsp;&nbsp; 410 | &nbsp;&nbsp; 379763 |
| 3.00%, 08/01/46 | &nbsp;&nbsp; 10852 | &nbsp;&nbsp; 10079966 |
| 3.00%, 09/01/46 | &nbsp;&nbsp; 8748 | &nbsp;&nbsp; 8167785 |
| 3.00%, 10/01/46 | &nbsp;&nbsp; 19986 | &nbsp;&nbsp; 18604073 |
| 3.00%, 11/01/46 | &nbsp;&nbsp; 21485 | &nbsp;&nbsp; 19928808 |
| 3.00%, 12/01/46 | &nbsp;&nbsp; 35412 | &nbsp;&nbsp; 32876578 |
| 3.00%, 01/01/47 | &nbsp;&nbsp; 8270 | &nbsp;&nbsp; 7675736 |
| 3.00%, 02/01/47 | &nbsp;&nbsp; 39190 | &nbsp;&nbsp; 36452144 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 03/01/47 | &nbsp;&nbsp; $716 | &nbsp;&nbsp; $663568 |
| 3.00%, 04/01/47 | &nbsp;&nbsp; 1005 | &nbsp;&nbsp; 915973 |
| 3.00%, 05/01/47 | &nbsp;&nbsp; 11524 | &nbsp;&nbsp; 10751963 |
| 3.00%, 06/01/47 | &nbsp;&nbsp; 11141 | &nbsp;&nbsp; 10329935 |
| 3.00%, 07/01/47 | &nbsp;&nbsp; 10326 | &nbsp;&nbsp; 9574147 |
| 3.00%, 08/01/47 | &nbsp;&nbsp; 1822 | &nbsp;&nbsp; 1689099 |
| 3.00%, 10/01/47 | &nbsp;&nbsp; 3242 | &nbsp;&nbsp; 3006255 |
| 3.00%, 11/01/47 | &nbsp;&nbsp; 299 | &nbsp;&nbsp; 277745 |
| 3.00%, 12/01/47 | &nbsp;&nbsp; 554 | &nbsp;&nbsp; 515233 |
| 3.00%, 01/01/48 | &nbsp;&nbsp; 2064 | &nbsp;&nbsp; 1914736 |
| 3.00%, 02/01/48 | &nbsp;&nbsp; 662 | &nbsp;&nbsp; 615062 |
| 3.00%, 07/01/48 | &nbsp;&nbsp; 277 | &nbsp;&nbsp; 254180 |
| 3.00%, 10/01/48 | &nbsp;&nbsp; 330 | &nbsp;&nbsp; 302828 |
| 3.00%, 11/01/48 | &nbsp;&nbsp; 545 | &nbsp;&nbsp; 500278 |
| 3.50%, 03/01/26 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 979 |
| 3.50%, 04/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 159 |
| 3.50%, 05/01/26 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 584 |
| 3.50%, 06/01/26 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5792 |
| 3.50%, 07/01/26 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19282 |
| 3.50%, 08/01/26 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 20549 |
| 3.50%, 09/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 451 |
| 3.50%, 10/01/26 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12027 |
| 3.50%, 01/01/27 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2613 |
| 3.50%, 02/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 258 |
| 3.50%, 03/01/27 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14910 |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2359 |
| 3.50%, 01/01/28 | &nbsp;&nbsp; 73 | &nbsp;&nbsp; 72587 |
| 3.50%, 12/01/28 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 15729 |
| 3.50%, 02/01/29 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5211 |
| 3.50%, 03/01/29 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3696 |
| 3.50%, 06/01/29 | &nbsp;&nbsp; 341 | &nbsp;&nbsp; 340516 |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 37972 |
| 3.50%, 08/01/29 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 54499 |
| 3.50%, 09/01/29 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4669 |
| 3.50%, 10/01/29 | &nbsp;&nbsp; 350 | &nbsp;&nbsp; 348811 |
| 3.50%, 11/01/29 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6617 |
| 3.50%, 01/01/30 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6276 |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 57288 |
| 3.50%, 09/01/30 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7550 |
| 3.50%, 05/01/31 | &nbsp;&nbsp; 800 | &nbsp;&nbsp; 796759 |
| 3.50%, 01/01/32 | &nbsp;&nbsp; 575 | &nbsp;&nbsp; 571863 |
| 3.50%, 03/01/32 | &nbsp;&nbsp; 74 | &nbsp;&nbsp; 73425 |
| 3.50%, 04/01/32 | &nbsp;&nbsp; 813 | &nbsp;&nbsp; 807301 |
| 3.50%, 05/01/32 | &nbsp;&nbsp; 902 | &nbsp;&nbsp; 895788 |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 879 | &nbsp;&nbsp; 872667 |
| 3.50%, 07/01/32 | &nbsp;&nbsp; 1083 | &nbsp;&nbsp; 1074477 |
| 3.50%, 09/01/32 | &nbsp;&nbsp; 461 | &nbsp;&nbsp; 457474 |
| 3.50%, 10/01/32 | &nbsp;&nbsp; 2271 | &nbsp;&nbsp; 2254516 |
| 3.50%, 01/01/33 | &nbsp;&nbsp; 554 | &nbsp;&nbsp; 549242 |
| 3.50%, 02/01/33 | &nbsp;&nbsp; 168 | &nbsp;&nbsp; 166317 |
| 3.50%, 03/01/33 | &nbsp;&nbsp; 965 | &nbsp;&nbsp; 956147 |
| 3.50%, 06/01/33 | &nbsp;&nbsp; 829 | &nbsp;&nbsp; 820172 |
| 3.50%, 07/01/33 | &nbsp;&nbsp; 491 | &nbsp;&nbsp; 486463 |
| 3.50%, 09/01/33 | &nbsp;&nbsp; 461 | &nbsp;&nbsp; 456644 |
| 3.50%, 05/01/35 | &nbsp;&nbsp; 4504 | &nbsp;&nbsp; 4453491 |
| 3.50%, 03/01/38 | &nbsp;&nbsp; 4026 | &nbsp;&nbsp; 3946655 |
| 3.50%, 06/01/38 | &nbsp;&nbsp; 4130 | &nbsp;&nbsp; 4042959 |
| 3.50%, 02/01/41 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7238 |
| 3.50%, 10/01/41 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9763 |
| 3.50%, 11/01/41 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 29904 |
| 3.50%, 01/01/42 | &nbsp;&nbsp; 107 | &nbsp;&nbsp; 104217 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 02/01/42 | &nbsp;&nbsp; $190 | &nbsp;&nbsp; $185257 |
| 3.50%, 03/01/42 | &nbsp;&nbsp; 1413 | &nbsp;&nbsp; 1378135 |
| 3.50%, 04/01/42 | &nbsp;&nbsp; 1238 | &nbsp;&nbsp; 1199363 |
| 3.50%, 05/01/42 | &nbsp;&nbsp; 866 | &nbsp;&nbsp; 838875 |
| 3.50%, 06/01/42 | &nbsp;&nbsp; 407 | &nbsp;&nbsp; 395965 |
| 3.50%, 08/01/42 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 38634 |
| 3.50%, 09/01/42 | &nbsp;&nbsp; 3155 | &nbsp;&nbsp; 3074137 |
| 3.50%, 10/01/42 | &nbsp;&nbsp; 1066 | &nbsp;&nbsp; 1035264 |
| 3.50%, 11/01/42 | &nbsp;&nbsp; 643 | &nbsp;&nbsp; 622859 |
| 3.50%, 01/01/43 | &nbsp;&nbsp; 770 | &nbsp;&nbsp; 745581 |
| 3.50%, 02/01/43 | &nbsp;&nbsp; 667 | &nbsp;&nbsp; 650617 |
| 3.50%, 04/01/43 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14138 |
| 3.50%, 06/01/43 | &nbsp;&nbsp; 2135 | &nbsp;&nbsp; 2072830 |
| 3.50%, 07/01/43 | &nbsp;&nbsp; 2170 | &nbsp;&nbsp; 2102454 |
| 3.50%, 08/01/43 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10969 |
| 3.50%, 09/01/43 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11078 |
| 3.50%, 01/01/44 | &nbsp;&nbsp; 144 | &nbsp;&nbsp; 139720 |
| 3.50%, 08/01/44 | &nbsp;&nbsp; 318 | &nbsp;&nbsp; 307228 |
| 3.50%, 09/01/44 | &nbsp;&nbsp; 1112 | &nbsp;&nbsp; 1077804 |
| 3.50%, 10/01/44 | &nbsp;&nbsp; 6584 | &nbsp;&nbsp; 6338105 |
| 3.50%, 11/01/44 | &nbsp;&nbsp; 435 | &nbsp;&nbsp; 416968 |
| 3.50%, 12/01/44 | &nbsp;&nbsp; 4040 | &nbsp;&nbsp; 3872091 |
| 3.50%, 02/01/45 | &nbsp;&nbsp; 771 | &nbsp;&nbsp; 750250 |
| 3.50%, 03/01/45 | &nbsp;&nbsp; 3298 | &nbsp;&nbsp; 3207451 |
| 3.50%, 04/01/45 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2347 |
| 3.50%, 05/01/45 | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 35238 |
| 3.50%, 06/01/45 | &nbsp;&nbsp; 398 | &nbsp;&nbsp; 385651 |
| 3.50%, 08/01/45 | &nbsp;&nbsp; 10306 | &nbsp;&nbsp; 9974953 |
| 3.50%, 09/01/45 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4624 |
| 3.50%, 11/01/45 | &nbsp;&nbsp; 287 | &nbsp;&nbsp; 276122 |
| 3.50%, 12/01/45 | &nbsp;&nbsp; 5047 | &nbsp;&nbsp; 4832325 |
| 3.50%, 01/01/46 | &nbsp;&nbsp; 4289 | &nbsp;&nbsp; 4134460 |
| 3.50%, 03/01/46 | &nbsp;&nbsp; 4639 | &nbsp;&nbsp; 4438560 |
| 3.50%, 04/01/46 | &nbsp;&nbsp; 1461 | &nbsp;&nbsp; 1400614 |
| 3.50%, 05/01/46 | &nbsp;&nbsp; 16122 | &nbsp;&nbsp; 15412018 |
| 3.50%, 06/01/46 | &nbsp;&nbsp; 4459 | &nbsp;&nbsp; 4309603 |
| 3.50%, 07/01/46 | &nbsp;&nbsp; 4536 | &nbsp;&nbsp; 4342424 |
| 3.50%, 08/01/46 | &nbsp;&nbsp; 3847 | &nbsp;&nbsp; 3694557 |
| 3.50%, 09/01/46 | &nbsp;&nbsp; 4600 | &nbsp;&nbsp; 4429802 |
| 3.50%, 10/01/46 | &nbsp;&nbsp; 407 | &nbsp;&nbsp; 390497 |
| 3.50%, 11/01/46 | &nbsp;&nbsp; 893 | &nbsp;&nbsp; 857005 |
| 3.50%, 12/01/46 | &nbsp;&nbsp; 5163 | &nbsp;&nbsp; 4950743 |
| 3.50%, 01/01/47 | &nbsp;&nbsp; 1305 | &nbsp;&nbsp; 1251844 |
| 3.50%, 02/01/47 | &nbsp;&nbsp; 4663 | &nbsp;&nbsp; 4481929 |
| 3.50%, 03/01/47 | &nbsp;&nbsp; 5752 | &nbsp;&nbsp; 5520357 |
| 3.50%, 04/01/47 | &nbsp;&nbsp; 2091 | &nbsp;&nbsp; 2000301 |
| 3.50%, 05/01/47 | &nbsp;&nbsp; 3872 | &nbsp;&nbsp; 3709924 |
| 3.50%, 06/01/47 | &nbsp;&nbsp; 118 | &nbsp;&nbsp; 112954 |
| 3.50%, 07/01/47 | &nbsp;&nbsp; 4553 | &nbsp;&nbsp; 4351245 |
| 3.50%, 08/01/47 | &nbsp;&nbsp; 2648 | &nbsp;&nbsp; 2540116 |
| 3.50%, 09/01/47 | &nbsp;&nbsp; 19666 | &nbsp;&nbsp; 18812313 |
| 3.50%, 10/01/47 | &nbsp;&nbsp; 661 | &nbsp;&nbsp; 631865 |
| 3.50%, 11/01/47 | &nbsp;&nbsp; 1598 | &nbsp;&nbsp; 1528001 |
| 3.50%, 12/01/47 | &nbsp;&nbsp; 4747 | &nbsp;&nbsp; 4560805 |
| 3.50%, 01/01/48 | &nbsp;&nbsp; 920 | &nbsp;&nbsp; 879227 |
| 3.50%, 02/01/48 | &nbsp;&nbsp; 1943 | &nbsp;&nbsp; 1849304 |
| 3.50%, 03/01/48 | &nbsp;&nbsp; 9513 | &nbsp;&nbsp; 9077563 |
| 3.50%, 04/01/48 | &nbsp;&nbsp; 2186 | &nbsp;&nbsp; 2098556 |
| 3.50%, 05/01/48 | &nbsp;&nbsp; 6400 | &nbsp;&nbsp; 6121668 |
| 3.50%, 09/01/48 | &nbsp;&nbsp; 2103 | &nbsp;&nbsp; 2024537 |
| 3.50%, 04/01/49 | &nbsp;&nbsp; 2114 | &nbsp;&nbsp; 2023275 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 05/01/49 | &nbsp;&nbsp; $852 | &nbsp;&nbsp; $815600 |
| 3.50%, 06/01/49 | &nbsp;&nbsp; 944 | &nbsp;&nbsp; 903583 |
| 4.00%, 03/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 5 |
| 4.00%, 04/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 43 |
| 4.00%, 05/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 323 |
| 4.00%, 07/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 188 |
| 4.00%, 04/01/33 | &nbsp;&nbsp; 537 | &nbsp;&nbsp; 538896 |
| 4.00%, 09/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 377 |
| 4.00%, 11/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 24 |
| 4.00%, 01/01/34 | &nbsp;&nbsp; 99 | &nbsp;&nbsp; 98871 |
| 4.00%, 11/01/34 | &nbsp;&nbsp; 414 | &nbsp;&nbsp; 414988 |
| 4.00%, 07/01/38 | &nbsp;&nbsp; 1541 | &nbsp;&nbsp; 1538003 |
| 4.00%, 04/01/39 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 10161 |
| 4.00%, 06/01/39 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 18700 |
| 4.00%, 07/01/39 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 38705 |
| 4.00%, 08/01/39 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5353 |
| 4.00%, 09/01/39 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6369 |
| 4.00%, 10/01/39 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; 55661 |
| 4.00%, 11/01/39 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9990 |
| 4.00%, 12/01/39 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 15797 |
| 4.00%, 01/01/40 | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 36135 |
| 4.00%, 02/01/40 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4453 |
| 4.00%, 03/01/40 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2635 |
| 4.00%, 05/01/40 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13093 |
| 4.00%, 06/01/40 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4253 |
| 4.00%, 09/01/40 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7440 |
| 4.00%, 10/01/40 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 79349 |
| 4.00%, 12/01/40 | &nbsp;&nbsp; 614 | &nbsp;&nbsp; 610617 |
| 4.00%, 01/01/41 | &nbsp;&nbsp; 146 | &nbsp;&nbsp; 145362 |
| 4.00%, 02/01/41 | &nbsp;&nbsp; 160 | &nbsp;&nbsp; 160493 |
| 4.00%, 04/01/41 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 30901 |
| 4.00%, 06/01/41 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 22135 |
| 4.00%, 07/01/41 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14851 |
| 4.00%, 08/01/41 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 24221 |
| 4.00%, 09/01/41 | &nbsp;&nbsp; 1948 | &nbsp;&nbsp; 1950862 |
| 4.00%, 10/01/41 | &nbsp;&nbsp; 76 | &nbsp;&nbsp; 76128 |
| 4.00%, 11/01/41 | &nbsp;&nbsp; 240 | &nbsp;&nbsp; 239782 |
| 4.00%, 12/01/41 | &nbsp;&nbsp; 51 | &nbsp;&nbsp; 50794 |
| 4.00%, 01/01/42 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 23667 |
| 4.00%, 02/01/42 | &nbsp;&nbsp; 3890 | &nbsp;&nbsp; 3895775 |
| 4.00%, 03/01/42 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 34514 |
| 4.00%, 05/01/42 | &nbsp;&nbsp; 121 | &nbsp;&nbsp; 120708 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 202 | &nbsp;&nbsp; 201060 |
| 4.00%, 08/01/42 | &nbsp;&nbsp; 1304 | &nbsp;&nbsp; 1297197 |
| 4.00%, 04/01/43 | &nbsp;&nbsp; 1216 | &nbsp;&nbsp; 1209210 |
| 4.00%, 08/01/43 | &nbsp;&nbsp; 193 | &nbsp;&nbsp; 192832 |
| 4.00%, 10/01/43 | &nbsp;&nbsp; 77 | &nbsp;&nbsp; 76107 |
| 4.00%, 11/01/43 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2783 |
| 4.00%, 12/01/43 | &nbsp;&nbsp; 600 | &nbsp;&nbsp; 596386 |
| 4.00%, 01/01/44 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 42044 |
| 4.00%, 02/01/44 | &nbsp;&nbsp; 611 | &nbsp;&nbsp; 608187 |
| 4.00%, 03/01/44 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13558 |
| 4.00%, 04/01/44 | &nbsp;&nbsp; 339 | &nbsp;&nbsp; 336425 |
| 4.00%, 05/01/44 | &nbsp;&nbsp; 333 | &nbsp;&nbsp; 329953 |
| 4.00%, 06/01/44 | &nbsp;&nbsp; 1239 | &nbsp;&nbsp; 1228745 |
| 4.00%, 07/01/44 | &nbsp;&nbsp; 1688 | &nbsp;&nbsp; 1674453 |
| 4.00%, 08/01/44 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 18721 |
| 4.00%, 09/01/44 | &nbsp;&nbsp; 511 | &nbsp;&nbsp; 506142 |
| 4.00%, 10/01/44 | &nbsp;&nbsp; 251 | &nbsp;&nbsp; 248489 |
| 4.00%, 11/01/44 | &nbsp;&nbsp; 182 | &nbsp;&nbsp; 180675 |
| 4.00%, 12/01/44 | &nbsp;&nbsp; 685 | &nbsp;&nbsp; 678670 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 01/01/45 | &nbsp;&nbsp; $758 | &nbsp;&nbsp; $752712 |
| 4.00%, 02/01/45 | &nbsp;&nbsp; 5044 | &nbsp;&nbsp; 4996364 |
| 4.00%, 04/01/45 | &nbsp;&nbsp; 3403 | &nbsp;&nbsp; 3378342 |
| 4.00%, 06/01/45 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9629 |
| 4.00%, 07/01/45 | &nbsp;&nbsp; 889 | &nbsp;&nbsp; 877111 |
| 4.00%, 08/01/45 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 18927 |
| 4.00%, 09/01/45 | &nbsp;&nbsp; 1696 | &nbsp;&nbsp; 1674793 |
| 4.00%, 10/01/45 | &nbsp;&nbsp; 787 | &nbsp;&nbsp; 775989 |
| 4.00%, 11/01/45 | &nbsp;&nbsp; 559 | &nbsp;&nbsp; 551913 |
| 4.00%, 12/01/45 | &nbsp;&nbsp; 405 | &nbsp;&nbsp; 400737 |
| 4.00%, 01/01/46 | &nbsp;&nbsp; 681 | &nbsp;&nbsp; 672941 |
| 4.00%, 02/01/46 | &nbsp;&nbsp; 908 | &nbsp;&nbsp; 896323 |
| 4.00%, 03/01/46 | &nbsp;&nbsp; 814 | &nbsp;&nbsp; 802410 |
| 4.00%, 04/01/46 | &nbsp;&nbsp; 710 | &nbsp;&nbsp; 700118 |
| 4.00%, 05/01/46 | &nbsp;&nbsp; 2971 | &nbsp;&nbsp; 2929792 |
| 4.00%, 06/01/46 | &nbsp;&nbsp; 94 | &nbsp;&nbsp; 92318 |
| 4.00%, 07/01/46 | &nbsp;&nbsp; 1644 | &nbsp;&nbsp; 1628060 |
| 4.00%, 08/01/46 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 40824 |
| 4.00%, 09/01/46 | &nbsp;&nbsp; 747 | &nbsp;&nbsp; 736252 |
| 4.00%, 10/01/46 | &nbsp;&nbsp; 647 | &nbsp;&nbsp; 638099 |
| 4.00%, 11/01/46 | &nbsp;&nbsp; 11524 | &nbsp;&nbsp; 11359598 |
| 4.00%, 12/01/46 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 22825 |
| 4.00%, 01/01/47 | &nbsp;&nbsp; 154 | &nbsp;&nbsp; 151924 |
| 4.00%, 02/01/47 | &nbsp;&nbsp; 3377 | &nbsp;&nbsp; 3328185 |
| 4.00%, 04/01/47 | &nbsp;&nbsp; 143 | &nbsp;&nbsp; 141617 |
| 4.00%, 06/01/47 | &nbsp;&nbsp; 2113 | &nbsp;&nbsp; 2090058 |
| 4.00%, 07/01/47 | &nbsp;&nbsp; 367 | &nbsp;&nbsp; 360999 |
| 4.00%, 08/01/47 | &nbsp;&nbsp; 2316 | &nbsp;&nbsp; 2276844 |
| 4.00%, 09/01/47 | &nbsp;&nbsp; 74 | &nbsp;&nbsp; 72990 |
| 4.00%, 10/01/47 | &nbsp;&nbsp; 697 | &nbsp;&nbsp; 684728 |
| 4.00%, 11/01/47 | &nbsp;&nbsp; 2668 | &nbsp;&nbsp; 2624266 |
| 4.00%, 12/01/47 | &nbsp;&nbsp; 3975 | &nbsp;&nbsp; 3905391 |
| 4.00%, 01/01/48 | &nbsp;&nbsp; 2627 | &nbsp;&nbsp; 2593837 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 7012 | &nbsp;&nbsp; 6923113 |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 760 | &nbsp;&nbsp; 747270 |
| 4.00%, 05/01/48 | &nbsp;&nbsp; 369 | &nbsp;&nbsp; 365386 |
| 4.00%, 06/01/48 | &nbsp;&nbsp; 9771 | &nbsp;&nbsp; 9653064 |
| 4.00%, 07/01/48 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; 55153 |
| 4.00%, 08/01/48 | &nbsp;&nbsp; 960 | &nbsp;&nbsp; 943301 |
| 4.00%, 09/01/48 | &nbsp;&nbsp; 885 | &nbsp;&nbsp; 873962 |
| 4.00%, 10/01/48 | &nbsp;&nbsp; 6901 | &nbsp;&nbsp; 6803418 |
| 4.00%, 11/01/48 | &nbsp;&nbsp; 776 | &nbsp;&nbsp; 761066 |
| 4.00%, 12/01/48 | &nbsp;&nbsp; 1977 | &nbsp;&nbsp; 1950844 |
| 4.00%, 01/01/49 | &nbsp;&nbsp; 2776 | &nbsp;&nbsp; 2743776 |
| 4.00%, 02/01/49 | &nbsp;&nbsp; 15203 | &nbsp;&nbsp; 14983915 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 696 | &nbsp;&nbsp; 684623 |
| 4.00%, 04/01/49 | &nbsp;&nbsp; 2080 | &nbsp;&nbsp; 2036190 |
| 4.00%, 05/01/49 | &nbsp;&nbsp; 640 | &nbsp;&nbsp; 630061 |
| 4.50%, 09/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 17 |
| 4.50%, 08/01/30 | &nbsp;&nbsp; 271 | &nbsp;&nbsp; 273587 |
| 4.50%, 08/01/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1339 |
| 4.50%, 03/01/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 205 |
| 4.50%, 04/01/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1057 |
| 4.50%, 05/01/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 252 |
| 4.50%, 06/01/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 130 |
| 4.50%, 06/01/35 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 865 |
| 4.50%, 08/01/35 | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 33679 |
| 4.50%, 10/01/35 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1701 |
| 4.50%, 11/01/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5514 |
| 4.50%, 08/01/36 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4383 |
| 4.50%, 06/01/38 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 23291 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 07/01/38 | &nbsp;&nbsp; $1 | &nbsp;&nbsp; $1059 |
| 4.50%, 10/01/38 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 334 |
| 4.50%, 02/01/39 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25392 |
| 4.50%, 03/01/39 | &nbsp;&nbsp; 1421 | &nbsp;&nbsp; 1443272 |
| 4.50%, 04/01/39 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21766 |
| 4.50%, 05/01/39 | &nbsp;&nbsp; 1572 | &nbsp;&nbsp; 1596608 |
| 4.50%, 06/01/39 | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 45825 |
| 4.50%, 07/01/39 | &nbsp;&nbsp; 114 | &nbsp;&nbsp; 115069 |
| 4.50%, 08/01/39 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35377 |
| 4.50%, 09/01/39 | &nbsp;&nbsp; 160 | &nbsp;&nbsp; 164182 |
| 4.50%, 10/01/39 | &nbsp;&nbsp; 1450 | &nbsp;&nbsp; 1472493 |
| 4.50%, 11/01/39 | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 37010 |
| 4.50%, 12/01/39 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 43329 |
| 4.50%, 01/01/40 | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 37530 |
| 4.50%, 02/01/40 | &nbsp;&nbsp; 205 | &nbsp;&nbsp; 206136 |
| 4.50%, 03/01/40 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6329 |
| 4.50%, 04/01/40 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 55512 |
| 4.50%, 05/01/40 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 40575 |
| 4.50%, 06/01/40 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9562 |
| 4.50%, 07/01/40 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35580 |
| 4.50%, 08/01/40 | &nbsp;&nbsp; 124 | &nbsp;&nbsp; 127107 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 909 | &nbsp;&nbsp; 924023 |
| 4.50%, 10/01/40 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9825 |
| 4.50%, 11/01/40 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1117 |
| 4.50%, 01/01/41 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2927 |
| 4.50%, 02/01/41 | &nbsp;&nbsp; 1786 | &nbsp;&nbsp; 1812889 |
| 4.50%, 03/01/41 | &nbsp;&nbsp; 51 | &nbsp;&nbsp; 51557 |
| 4.50%, 04/01/41 | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 86360 |
| 4.50%, 05/01/41 | &nbsp;&nbsp; 2308 | &nbsp;&nbsp; 2345942 |
| 4.50%, 06/01/41 | &nbsp;&nbsp; 3238 | &nbsp;&nbsp; 3288211 |
| 4.50%, 07/01/41 | &nbsp;&nbsp; 53 | &nbsp;&nbsp; 54594 |
| 4.50%, 08/01/41 | &nbsp;&nbsp; 441 | &nbsp;&nbsp; 446529 |
| 4.50%, 10/01/41 | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 112138 |
| 4.50%, 11/01/41 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7512 |
| 4.50%, 01/01/42 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3935 |
| 4.50%, 03/01/42 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 17926 |
| 4.50%, 05/01/42 | &nbsp;&nbsp; 1315 | &nbsp;&nbsp; 1336500 |
| 4.50%, 09/01/43 | &nbsp;&nbsp; 1286 | &nbsp;&nbsp; 1300217 |
| 4.50%, 10/01/43 | &nbsp;&nbsp; 695 | &nbsp;&nbsp; 704873 |
| 4.50%, 11/01/43 | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 133483 |
| 4.50%, 12/01/43 | &nbsp;&nbsp; 104 | &nbsp;&nbsp; 105524 |
| 4.50%, 01/01/44 | &nbsp;&nbsp; 79 | &nbsp;&nbsp; 79570 |
| 4.50%, 02/01/44 | &nbsp;&nbsp; 365 | &nbsp;&nbsp; 368739 |
| 4.50%, 03/01/44 | &nbsp;&nbsp; 795 | &nbsp;&nbsp; 806195 |
| 4.50%, 04/01/44 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4808 |
| 4.50%, 05/01/44 | &nbsp;&nbsp; 116 | &nbsp;&nbsp; 117980 |
| 4.50%, 06/01/44 | &nbsp;&nbsp; 119 | &nbsp;&nbsp; 120512 |
| 4.50%, 07/01/44 | &nbsp;&nbsp; 119 | &nbsp;&nbsp; 120100 |
| 4.50%, 08/01/44 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 20157 |
| 4.50%, 09/01/44 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16760 |
| 4.50%, 10/01/44 | &nbsp;&nbsp; 304 | &nbsp;&nbsp; 307001 |
| 4.50%, 11/01/44 | &nbsp;&nbsp; 449 | &nbsp;&nbsp; 454626 |
| 4.50%, 12/01/44 | &nbsp;&nbsp; 884 | &nbsp;&nbsp; 895998 |
| 4.50%, 01/01/45 | &nbsp;&nbsp; 1225 | &nbsp;&nbsp; 1242679 |
| 4.50%, 03/01/45 | &nbsp;&nbsp; 270 | &nbsp;&nbsp; 272804 |
| 4.50%, 07/01/45 | &nbsp;&nbsp; 835 | &nbsp;&nbsp; 844364 |
| 4.50%, 08/01/45 | &nbsp;&nbsp; 407 | &nbsp;&nbsp; 409910 |
| 4.50%, 09/01/45 | &nbsp;&nbsp; 213 | &nbsp;&nbsp; 215086 |
| 4.50%, 10/01/45 | &nbsp;&nbsp; 281 | &nbsp;&nbsp; 282749 |
| 4.50%, 11/01/45 | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 61125 |
| 4.50%, 01/01/46 | &nbsp;&nbsp; 356 | &nbsp;&nbsp; 360988 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 03/01/46 | &nbsp;&nbsp; $253 | &nbsp;&nbsp; $256274 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 213 | &nbsp;&nbsp; 214703 |
| 4.50%, 05/01/46 | &nbsp;&nbsp; 904 | &nbsp;&nbsp; 915313 |
| 4.50%, 06/01/46 | &nbsp;&nbsp; 3444 | &nbsp;&nbsp; 3493824 |
| 4.50%, 07/01/46 | &nbsp;&nbsp; 1229 | &nbsp;&nbsp; 1248412 |
| 4.50%, 08/01/46 | &nbsp;&nbsp; 117 | &nbsp;&nbsp; 118344 |
| 4.50%, 09/01/46 | &nbsp;&nbsp; 2080 | &nbsp;&nbsp; 2104542 |
| 4.50%, 02/01/47 | &nbsp;&nbsp; 527 | &nbsp;&nbsp; 533999 |
| 4.50%, 04/01/47 | &nbsp;&nbsp; 106 | &nbsp;&nbsp; 107018 |
| 4.50%, 05/01/47 | &nbsp;&nbsp; 828 | &nbsp;&nbsp; 834686 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 1147 | &nbsp;&nbsp; 1154366 |
| 4.50%, 08/01/47 | &nbsp;&nbsp; 542 | &nbsp;&nbsp; 547050 |
| 4.50%, 09/01/47 | &nbsp;&nbsp; 548 | &nbsp;&nbsp; 556666 |
| 4.50%, 05/01/48 | &nbsp;&nbsp; 829 | &nbsp;&nbsp; 841112 |
| 4.50%, 06/01/48 | &nbsp;&nbsp; 1280 | &nbsp;&nbsp; 1288668 |
| 4.50%, 07/01/48 | &nbsp;&nbsp; 591 | &nbsp;&nbsp; 597435 |
| 4.50%, 08/01/48 | &nbsp;&nbsp; 1067 | &nbsp;&nbsp; 1073384 |
| 4.50%, 09/01/48 | &nbsp;&nbsp; 822 | &nbsp;&nbsp; 825517 |
| 4.50%, 10/01/48 | &nbsp;&nbsp; 4371 | &nbsp;&nbsp; 4421942 |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 1331 | &nbsp;&nbsp; 1348335 |
| 4.50%, 12/01/48 | &nbsp;&nbsp; 2790 | &nbsp;&nbsp; 2810416 |
| 4.50%, 01/01/49 | &nbsp;&nbsp; 679 | &nbsp;&nbsp; 681669 |
| 4.50%, 02/01/49 | &nbsp;&nbsp; 613 | &nbsp;&nbsp; 620391 |
| 4.50%, 03/01/49 | &nbsp;&nbsp; 1568 | &nbsp;&nbsp; 1587341 |
| 5.00%, 02/01/30 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2391 |
| 5.00%, 04/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 502 |
| 5.00%, 06/01/33 | &nbsp;&nbsp; 106 | &nbsp;&nbsp; 109114 |
| 5.00%, 08/01/33 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 24690 |
| 5.00%, 09/01/33 | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 38198 |
| 5.00%, 10/01/33 | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 62115 |
| 5.00%, 11/01/33 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 23531 |
| 5.00%, 12/01/33 | &nbsp;&nbsp; 237 | &nbsp;&nbsp; 243626 |
| 5.00%, 01/01/34 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3089 |
| 5.00%, 03/01/34 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5907 |
| 5.00%, 04/01/34 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7958 |
| 5.00%, 05/01/34 | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 37401 |
| 5.00%, 06/01/34 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11598 |
| 5.00%, 11/01/34 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3305 |
| 5.00%, 12/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4984 |
| 5.00%, 01/01/35 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3438 |
| 5.00%, 02/01/35 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3166 |
| 5.00%, 04/01/35 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2393 |
| 5.00%, 05/01/35 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8106 |
| 5.00%, 06/01/35 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5850 |
| 5.00%, 07/01/35 | &nbsp;&nbsp; 1444 | &nbsp;&nbsp; 1486072 |
| 5.00%, 08/01/35 | &nbsp;&nbsp; 299 | &nbsp;&nbsp; 307295 |
| 5.00%, 09/01/35 | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 62711 |
| 5.00%, 10/01/35 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6576 |
| 5.00%, 11/01/35 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 17636 |
| 5.00%, 12/01/35 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31285 |
| 5.00%, 01/01/36 | &nbsp;&nbsp; 209 | &nbsp;&nbsp; 214720 |
| 5.00%, 03/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 958 |
| 5.00%, 04/01/36 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4001 |
| 5.00%, 06/01/36 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 23359 |
| 5.00%, 07/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 246 |
| 5.00%, 08/01/36 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11722 |
| 5.00%, 10/01/36 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21650 |
| 5.00%, 11/01/36 | &nbsp;&nbsp; 487 | &nbsp;&nbsp; 501486 |
| 5.00%, 01/01/37 | &nbsp;&nbsp; 274 | &nbsp;&nbsp; 281877 |
| 5.00%, 02/01/37 | &nbsp;&nbsp; 245 | &nbsp;&nbsp; 251951 |
| 5.00%, 06/01/37 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11081 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 01/01/38 | &nbsp;&nbsp; $3 | &nbsp;&nbsp; $2990 |
| 5.00%, 02/01/38 | &nbsp;&nbsp; 389 | &nbsp;&nbsp; 399388 |
| 5.00%, 03/01/38 | &nbsp;&nbsp; 1675 | &nbsp;&nbsp; 1729663 |
| 5.00%, 04/01/38 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 24933 |
| 5.00%, 05/01/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1823 |
| 5.00%, 06/01/38 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4843 |
| 5.00%, 09/01/38 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 7239 |
| 5.00%, 11/01/38 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6936 |
| 5.00%, 12/01/38 | &nbsp;&nbsp; 236 | &nbsp;&nbsp; 243167 |
| 5.00%, 01/01/39 | &nbsp;&nbsp; 88 | &nbsp;&nbsp; 91189 |
| 5.00%, 02/01/39 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 18687 |
| 5.00%, 03/01/39 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7837 |
| 5.00%, 05/01/39 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 36092 |
| 5.00%, 06/01/39 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1362 |
| 5.00%, 07/01/39 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12349 |
| 5.00%, 08/01/39 | &nbsp;&nbsp; 2179 | &nbsp;&nbsp; 2249712 |
| 5.00%, 09/01/39 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 20309 |
| 5.00%, 10/01/39 | &nbsp;&nbsp; 281 | &nbsp;&nbsp; 290294 |
| 5.00%, 12/01/39 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14894 |
| 5.00%, 01/01/40 | &nbsp;&nbsp; 175 | &nbsp;&nbsp; 180869 |
| 5.00%, 02/01/40 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 43090 |
| 5.00%, 03/01/40 | &nbsp;&nbsp; 669 | &nbsp;&nbsp; 696917 |
| 5.00%, 04/01/40 | &nbsp;&nbsp; 84 | &nbsp;&nbsp; 86331 |
| 5.00%, 06/01/40 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1636 |
| 5.00%, 07/01/40 | &nbsp;&nbsp; 99 | &nbsp;&nbsp; 101503 |
| 5.00%, 08/01/40 | &nbsp;&nbsp; 1270 | &nbsp;&nbsp; 1314729 |
| 5.00%, 09/01/40 | &nbsp;&nbsp; 616 | &nbsp;&nbsp; 637255 |
| 5.00%, 11/01/40 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51659 |
| 5.00%, 02/01/41 | &nbsp;&nbsp; 153 | &nbsp;&nbsp; 158276 |
| 5.00%, 03/01/41 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1873 |
| 5.00%, 04/01/41 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; 58197 |
| 5.00%, 05/01/41 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2159 |
| 5.00%, 07/01/41 | &nbsp;&nbsp; 181 | &nbsp;&nbsp; 186390 |
| 5.00%, 08/01/41 | &nbsp;&nbsp; 937 | &nbsp;&nbsp; 972217 |
| 5.00%, 09/01/41 | &nbsp;&nbsp; 90 | &nbsp;&nbsp; 93266 |
| 5.00%, 10/01/41 | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 73994 |
| 5.00%, 04/01/44 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 57034 |
| 5.00%, 03/01/47 | &nbsp;&nbsp; 1830 | &nbsp;&nbsp; 1886057 |
| 5.00%, 05/01/47 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 18502 |
| 5.00%, 07/01/47 | &nbsp;&nbsp; 1023 | &nbsp;&nbsp; 1048792 |
| 5.00%, 03/01/48 | &nbsp;&nbsp; 631 | &nbsp;&nbsp; 648494 |
| 5.00%, 04/01/48 | &nbsp;&nbsp; 1805 | &nbsp;&nbsp; 1845836 |
| 5.00%, 06/01/48 | &nbsp;&nbsp; 194 | &nbsp;&nbsp; 200055 |
| 5.00%, 07/01/48 | &nbsp;&nbsp; 476 | &nbsp;&nbsp; 487316 |
| 5.00%, 08/01/48 | &nbsp;&nbsp; 2841 | &nbsp;&nbsp; 2912181 |
| 5.00%, 09/01/48 | &nbsp;&nbsp; 342 | &nbsp;&nbsp; 351967 |
| 5.00%, 10/01/48 | &nbsp;&nbsp; 1566 | &nbsp;&nbsp; 1607074 |
| 5.00%, 11/01/48 | &nbsp;&nbsp; 354 | &nbsp;&nbsp; 364493 |
| 5.00%, 01/01/49 | &nbsp;&nbsp; 1184 | &nbsp;&nbsp; 1218351 |
| 5.00%, 02/01/49 | &nbsp;&nbsp; 385 | &nbsp;&nbsp; 394977 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 168 | &nbsp;&nbsp; 171933 |
| 5.50%, 02/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 104 |
| 5.50%, 07/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 61 |
| 5.50%, 11/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 66 |
| 5.50%, 12/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 582 |
| 5.50%, 01/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 70 |
| 5.50%, 02/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 373 |
| 5.50%, 04/01/32 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2489 |
| 5.50%, 09/01/32 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12721 |
| 5.50%, 10/01/32 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5941 |
| 5.50%, 11/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 321 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 12/01/32 | &nbsp;&nbsp; $24 | &nbsp;&nbsp; $24210 |
| 5.50%, 01/01/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3137 |
| 5.50%, 03/01/33 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1791 |
| 5.50%, 04/01/33 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6948 |
| 5.50%, 05/01/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3451 |
| 5.50%, 06/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9825 |
| 5.50%, 07/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10563 |
| 5.50%, 08/01/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 996 |
| 5.50%, 10/01/33 | &nbsp;&nbsp; 76 | &nbsp;&nbsp; 78955 |
| 5.50%, 11/01/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3302 |
| 5.50%, 12/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 317 |
| 5.50%, 01/01/34 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 31991 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 281 | &nbsp;&nbsp; 290814 |
| 5.50%, 03/01/34 | &nbsp;&nbsp; 114 | &nbsp;&nbsp; 118985 |
| 5.50%, 07/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4671 |
| 5.50%, 08/01/34 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3744 |
| 5.50%, 09/01/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 846 |
| 5.50%, 10/01/34 | &nbsp;&nbsp; 64 | &nbsp;&nbsp; 66807 |
| 5.50%, 11/01/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 918 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 114042 |
| 5.50%, 01/01/35 | &nbsp;&nbsp; 798 | &nbsp;&nbsp; 832317 |
| 5.50%, 02/01/35 | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 235600 |
| 5.50%, 03/01/35 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5698 |
| 5.50%, 04/01/35 | &nbsp;&nbsp; 139 | &nbsp;&nbsp; 145583 |
| 5.50%, 05/01/35 | &nbsp;&nbsp; 373 | &nbsp;&nbsp; 390275 |
| 5.50%, 06/01/35 | &nbsp;&nbsp; 1000 | &nbsp;&nbsp; 1043091 |
| 5.50%, 07/01/35 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5650 |
| 5.50%, 08/01/35 | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 74675 |
| 5.50%, 09/01/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4527 |
| 5.50%, 10/01/35 | &nbsp;&nbsp; 62 | &nbsp;&nbsp; 65357 |
| 5.50%, 11/01/35 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 10104 |
| 5.50%, 12/01/35 | &nbsp;&nbsp; 208 | &nbsp;&nbsp; 217232 |
| 5.50%, 01/01/36 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12677 |
| 5.50%, 02/01/36 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6476 |
| 5.50%, 03/01/36 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 22671 |
| 5.50%, 04/01/36 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2581 |
| 5.50%, 05/01/36 | &nbsp;&nbsp; 310 | &nbsp;&nbsp; 323909 |
| 5.50%, 06/01/36 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9679 |
| 5.50%, 07/01/36 | &nbsp;&nbsp; 439 | &nbsp;&nbsp; 458874 |
| 5.50%, 08/01/36 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 62223 |
| 5.50%, 09/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 127 |
| 5.50%, 11/01/36 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8669 |
| 5.50%, 12/01/36 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4507 |
| 5.50%, 01/01/37 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 57400 |
| 5.50%, 02/01/37 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10167 |
| 5.50%, 03/01/37 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2988 |
| 5.50%, 04/01/37 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10077 |
| 5.50%, 05/01/37 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32220 |
| 5.50%, 07/01/37 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4520 |
| 5.50%, 09/01/37 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5185 |
| 5.50%, 11/01/37 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11010 |
| 5.50%, 12/01/37 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5750 |
| 5.50%, 01/01/38 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19229 |
| 5.50%, 02/01/38 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3956 |
| 5.50%, 04/01/38 | &nbsp;&nbsp; 437 | &nbsp;&nbsp; 457453 |
| 5.50%, 05/01/38 | &nbsp;&nbsp; 202 | &nbsp;&nbsp; 211597 |
| 5.50%, 06/01/38 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21549 |
| 5.50%, 07/01/38 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 78482 |
| 5.50%, 08/01/38 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 22025 |
| 5.50%, 09/01/38 | &nbsp;&nbsp; 63 | &nbsp;&nbsp; 65721 |
| 5.50%, 10/01/38 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 23509 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 11/01/38 | &nbsp;&nbsp; $10 | &nbsp;&nbsp; $10867 |
| 5.50%, 12/01/38 | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 76786 |
| 5.50%, 01/01/39 | &nbsp;&nbsp; 894 | &nbsp;&nbsp; 929482 |
| 5.50%, 02/01/39 | &nbsp;&nbsp; 51 | &nbsp;&nbsp; 53111 |
| 5.50%, 03/01/39 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 799 |
| 5.50%, 04/01/39 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15623 |
| 5.50%, 05/01/39 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12998 |
| 5.50%, 06/01/39 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21728 |
| 5.50%, 09/01/39 | &nbsp;&nbsp; 325 | &nbsp;&nbsp; 341261 |
| 5.50%, 10/01/39 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3560 |
| 5.50%, 11/01/39 | &nbsp;&nbsp; 738 | &nbsp;&nbsp; 772157 |
| 5.50%, 12/01/39 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 18041 |
| 5.50%, 01/01/40 | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 60858 |
| 5.50%, 02/01/40 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17429 |
| 5.50%, 03/01/40 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4396 |
| 5.50%, 05/01/40 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6058 |
| 5.50%, 06/01/40 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 20215 |
| 5.50%, 03/01/41 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8788 |
| 5.50%, 06/01/41 | &nbsp;&nbsp; 2212 | &nbsp;&nbsp; 2307105 |
| 5.88%, 12/01/33, (1-year CMT + 2.25%)<sup>(b)</sup> | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 26717 |
| 6.00%, 08/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 14 |
| 6.00%, 02/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 8 |
| 6.00%, 04/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 136 |
| 6.00%, 06/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 446 |
| 6.00%, 07/01/28 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1266 |
| 6.00%, 11/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 151 |
| 6.00%, 12/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 103 |
| 6.00%, 01/01/29 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2422 |
| 6.00%, 03/01/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1168 |
| 6.00%, 05/01/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1101 |
| 6.00%, 06/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 104 |
| 6.00%, 07/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 505 |
| 6.00%, 09/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 210 |
| 6.00%, 12/01/30 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1585 |
| 6.00%, 03/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 401 |
| 6.00%, 04/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 142 |
| 6.00%, 06/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 433 |
| 6.00%, 10/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 60 |
| 6.00%, 12/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 584 |
| 6.00%, 01/01/32 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10547 |
| 6.00%, 02/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1817 |
| 6.00%, 03/01/32 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6946 |
| 6.00%, 10/01/32 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1758 |
| 6.00%, 11/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 860 |
| 6.00%, 12/01/32 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 41002 |
| 6.00%, 01/01/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1553 |
| 6.00%, 02/01/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3689 |
| 6.00%, 03/01/33 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2606 |
| 6.00%, 04/01/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1425 |
| 6.00%, 05/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 96 |
| 6.00%, 09/01/33 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1872 |
| 6.00%, 10/01/33 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7791 |
| 6.00%, 11/01/33 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8440 |
| 6.00%, 05/01/34 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5838 |
| 6.00%, 06/01/34 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6761 |
| 6.00%, 07/01/34 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8890 |
| 6.00%, 08/01/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1764 |
| 6.00%, 10/01/34 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2853 |
| 6.00%, 12/01/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1249 |
| 6.00%, 05/01/35 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 283 |
| 6.00%, 06/01/35 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1891 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.00%, 07/01/35 | &nbsp;&nbsp; $1 | &nbsp;&nbsp; $1448 |
| 6.00%, 08/01/35 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11875 |
| 6.00%, 09/01/35 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1403 |
| 6.00%, 12/01/35 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2824 |
| 6.00%, 01/01/36 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2214 |
| 6.00%, 02/01/36 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4949 |
| 6.00%, 03/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1089 |
| 6.00%, 05/01/36 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7475 |
| 6.00%, 06/01/36 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9488 |
| 6.00%, 07/01/36 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6462 |
| 6.00%, 08/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1783 |
| 6.00%, 09/01/36 | &nbsp;&nbsp; 185 | &nbsp;&nbsp; 196767 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 211 | &nbsp;&nbsp; 219973 |
| 6.00%, 11/01/36 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 15041 |
| 6.00%, 12/01/36 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 45447 |
| 6.00%, 01/01/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1486 |
| 6.00%, 02/01/37 | &nbsp;&nbsp; 153 | &nbsp;&nbsp; 161965 |
| 6.00%, 05/01/37 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4425 |
| 6.00%, 07/01/37 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4462 |
| 6.00%, 08/01/37 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4436 |
| 6.00%, 09/01/37 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3026 |
| 6.00%, 10/01/37 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 13920 |
| 6.00%, 11/01/37 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6493 |
| 6.00%, 12/01/37 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 32192 |
| 6.00%, 01/01/38 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 40116 |
| 6.00%, 02/01/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1036 |
| 6.00%, 04/01/38 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21648 |
| 6.00%, 05/01/38 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 22924 |
| 6.00%, 06/01/38 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11161 |
| 6.00%, 07/01/38 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12423 |
| 6.00%, 08/01/38 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9268 |
| 6.00%, 09/01/38 | &nbsp;&nbsp; 877 | &nbsp;&nbsp; 929825 |
| 6.00%, 10/01/38 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 500 |
| 6.00%, 11/01/38 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3866 |
| 6.00%, 12/01/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1156 |
| 6.00%, 01/01/39 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3250 |
| 6.00%, 11/01/39 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2767 |
| 6.00%, 12/01/39 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 603 |
| 6.00%, 04/01/40 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5325 |
| 6.00%, 07/01/40 | &nbsp;&nbsp; 2442 | &nbsp;&nbsp; 2602562 |
| 6.15%, 11/01/40, (RFUCCT1Y + 1.78%)<sup>(b)</sup> | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2725 |
| 6.15%, 01/01/42, (RFUCCT1Y + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9584 |
| 6.31%, 08/01/41, (RFUCCT1Y + 1.64%)<sup>(b)</sup> | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 27064 |
| 6.35%, 08/01/43, (RFUCCT1Y + 1.60%)<sup>(b)</sup> | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10945 |
| 6.40%, 11/01/40, (RFUCCT1Y + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 42165 |
| 6.40%, 05/01/43, (RFUCCT1Y + 1.65%)<sup>(b)</sup> | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 47202 |
| 6.42%, 12/01/38, (RFUCCT1Y + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 156 | &nbsp;&nbsp; 159282 |
| 6.43%, 11/01/40, (RFUCCT1Y + 1.91%)<sup>(b)</sup> | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 58295 |
| 6.50%, 04/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 1 |
| 6.50%, 03/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 62 |
| 6.50%, 04/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 18 |
| 6.50%, 05/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 148 |
| 6.50%, 06/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 119 |
| 6.50%, 07/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 181 |
| 6.50%, 09/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 141 |
| 6.50%, 10/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 164 |
| 6.50%, 12/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 501 |
| 6.50%, 01/01/29 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1409 |
| 6.50%, 02/01/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1107 |
| 6.50%, 03/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 499 |
| 6.50%, 04/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 485 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.50%, 05/01/29 | &nbsp;&nbsp; $0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $386 |
| 6.50%, 06/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 263 |
| 6.50%, 07/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 181 |
| 6.50%, 08/01/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1122 |
| 6.50%, 09/01/29 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1686 |
| 6.50%, 08/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 293 |
| 6.50%, 01/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 30 |
| 6.50%, 05/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 358 |
| 6.50%, 06/01/31 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2071 |
| 6.50%, 07/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 794 |
| 6.50%, 08/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1133 |
| 6.50%, 09/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 325 |
| 6.50%, 11/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 240 |
| 6.50%, 12/01/31 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4470 |
| 6.50%, 01/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 30 |
| 6.50%, 02/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1648 |
| 6.50%, 03/01/32 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2118 |
| 6.50%, 04/01/32 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1673 |
| 6.50%, 05/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 87 |
| 6.50%, 07/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 344 |
| 6.50%, 08/01/32 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 4697 |
| 6.50%, 10/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1065 |
| 6.50%, 11/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 418 |
| 6.50%, 12/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1569 |
| 6.50%, 12/01/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3983 |
| 6.50%, 04/01/34 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 15100 |
| 6.50%, 07/01/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1599 |
| 6.50%, 09/01/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1822 |
| 6.50%, 01/01/35 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1859 |
| 6.50%, 04/01/35 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 454 |
| 6.50%, 08/01/35 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3363 |
| 6.50%, 02/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 382 |
| 6.50%, 06/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1111 |
| 6.50%, 08/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 858 |
| 6.50%, 09/01/36 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 21575 |
| 6.50%, 10/01/36 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9347 |
| 6.50%, 11/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 510 |
| 6.50%, 08/01/37 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2667 |
| 6.50%, 10/01/37 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5553 |
| 6.50%, 11/01/37 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2133 |
| 6.50%, 12/01/37 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12997 |
| 6.50%, 01/01/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 789 |
| 6.50%, 02/01/38 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 12336 |
| 6.50%, 07/01/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1117 |
| 6.50%, 08/01/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 985 |
| 6.50%, 10/01/38 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 479 |
| 6.50%, 12/01/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1731 |
| 6.50%, 01/01/39 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7828 |
| 6.50%, 09/01/39 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11645 |
| 6.57%, 11/01/41, (RFUCCT1Y + 1.90%)<sup>(b)</sup> | &nbsp;&nbsp; 108 | &nbsp;&nbsp; 110788 |
| 6.60%, 07/01/41, (RFUCCT1Y + 1.89%)<sup>(b)</sup> | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6712 |
| 6.63%, 09/01/41, (RFUCCT1Y + 1.88%)<sup>(b)</sup> | &nbsp;&nbsp; 295 | &nbsp;&nbsp; 303238 |
| 6.77%, 05/01/42, (RFUCCT1Y + 1.81%)<sup>(b)</sup> | &nbsp;&nbsp; 142 | &nbsp;&nbsp; 146780 |
| 7.00%, 03/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 2 |
| 7.00%, 06/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 2 |
| 7.00%, 12/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 2 |
| 7.00%, 01/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 11 |
| 7.00%, 03/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 18 |
| 7.00%, 04/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 4 |
| 7.00%, 09/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 123 |
| 7.00%, 10/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 57 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 7.00%, 11/01/27 | &nbsp;&nbsp; $0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $65 |
| 7.00%, 12/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 158 |
| 7.00%, 05/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 137 |
| 7.00%, 07/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 5 |
| 7.00%, 11/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 190 |
| 7.00%, 03/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 78 |
| 7.00%, 06/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 514 |
| 7.00%, 07/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 83 |
| 7.00%, 09/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 65 |
| 7.00%, 10/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 412 |
| 7.00%, 01/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 9 |
| 7.00%, 02/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 43 |
| 7.00%, 05/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 15 |
| 7.00%, 12/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 304 |
| 7.00%, 01/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 178 |
| 7.00%, 02/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 251 |
| 7.00%, 05/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 308 |
| 7.00%, 07/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 617 |
| 7.00%, 08/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 719 |
| 7.00%, 09/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 862 |
| 7.00%, 12/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 487 |
| 7.00%, 03/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1427 |
| 7.00%, 05/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 801 |
| 7.00%, 06/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 976 |
| 7.00%, 07/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1536 |
| 7.00%, 08/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1376 |
| 7.00%, 09/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 317 |
| 7.00%, 11/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 208 |
| 7.00%, 10/01/33 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6224 |
| 7.00%, 11/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1034 |
| 7.00%, 12/01/36 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3425 |
| 7.50%, 04/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 5 |
| 7.50%, 05/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 4 |
| 7.50%, 10/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 10 |
| 7.50%, 12/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 2 |
| 7.50%, 04/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 8 |
| 7.50%, 06/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 8 |
| 7.50%, 08/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 13 |
| 7.50%, 09/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 7 |
| 7.50%, 12/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 67 |
| 7.50%, 03/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 26 |
| 7.50%, 07/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 8 |
| 7.50%, 11/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 17 |
| 7.50%, 07/01/29 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2131 |
| 7.50%, 12/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 24 |
| 7.50%, 01/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 38 |
| 7.50%, 03/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 43 |
| 7.50%, 05/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 28 |
| 7.50%, 06/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 16 |
| 7.50%, 07/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 4 |
| 7.50%, 08/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 363 |
| 7.50%, 10/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 22 |
| 7.50%, 11/01/30 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 536 |
| 7.50%, 12/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 254 |
| 7.50%, 01/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 14 |
| 7.50%, 02/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 27 |
| 7.50%, 09/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 688 |
| 7.50%, 01/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 819 |
| 8.00%, 10/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 5 |
| 8.00%, 11/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 16 |
| 8.00%, 03/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 21 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 8.00%, 05/01/27 | &nbsp;&nbsp; $0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $25 |
| 8.00%, 06/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 21 |
| 8.00%, 09/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 24 |
| 8.00%, 11/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 9 |
| 8.00%, 10/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 18 |
| 8.00%, 11/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 185 |
| 8.00%, 12/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 75 |
| 8.00%, 01/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 23 |
| 8.00%, 03/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 282 |
| 8.00%, 07/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 16 |
| 8.50%, 07/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 89 |
| Federal National Mortgage Association |  |  |
| 2.50%, 12/01/31 | &nbsp;&nbsp; 177 | &nbsp;&nbsp; 171781 |
| 3.00%, 07/01/30 | &nbsp;&nbsp; 539 | &nbsp;&nbsp; 531806 |
| 3.00%, 08/01/31 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16549 |
| 3.00%, 03/01/47 | &nbsp;&nbsp; 3871 | &nbsp;&nbsp; 3549166 |
| 3.50%, 05/01/32 | &nbsp;&nbsp; 239 | &nbsp;&nbsp; 236388 |
| 3.50%, 02/01/35 | &nbsp;&nbsp; 404 | &nbsp;&nbsp; 399251 |
| 3.50%, 09/01/46 | &nbsp;&nbsp; 83 | &nbsp;&nbsp; 79423 |
| 3.50%, 01/01/47 | &nbsp;&nbsp; 424 | &nbsp;&nbsp; 406094 |
| 3.50%, 11/01/51 | &nbsp;&nbsp; 4475 | &nbsp;&nbsp; 4306359 |
| 4.00%, 03/01/26 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 535 |
| 4.00%, 02/01/47 | &nbsp;&nbsp; 5520 | &nbsp;&nbsp; 5496506 |
| 4.00%, 01/01/57 | &nbsp;&nbsp; 3543 | &nbsp;&nbsp; 3451275 |
| 4.00%, 02/01/57 | &nbsp;&nbsp; 3914 | &nbsp;&nbsp; 3812274 |
| 4.50%, 02/01/44 | &nbsp;&nbsp; 667 | &nbsp;&nbsp; 676870 |
| 5.74%, 12/01/38, (RFUCCT1Y + 1.61%)<sup>(b)</sup> | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7092 |
| 5.96%, 02/01/42, (RFUCCT1Y + 1.81%)<sup>(b)</sup> | &nbsp;&nbsp; 179 | &nbsp;&nbsp; 182700 |
| 6.25%, 06/01/43, (RFUCCT1Y + 1.54%)<sup>(b)</sup> | &nbsp;&nbsp; 440 | &nbsp;&nbsp; 452859 |
| 6.32%, 08/01/42, (RFUCCT1Y + 1.70%)<sup>(b)</sup> | &nbsp;&nbsp; 379 | &nbsp;&nbsp; 391505 |
| 6.47%, 08/01/41, (RFUCCT1Y + 1.75%)<sup>(b)</sup> | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 24812 |
| 6.53%, 10/01/41, (RFUCCT1Y + 1.82%)<sup>(b)</sup> | &nbsp;&nbsp; 376 | &nbsp;&nbsp; 387365 |
| 6.57%, 09/01/41, (RFUCCT1Y + 1.82%)<sup>(b)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20615 |
| Government National Mortgage Association |  |  |
| 1.50%, 02/20/51 | &nbsp;&nbsp; 4404 | &nbsp;&nbsp; 3559085 |
| 1.50%, 04/20/51 | &nbsp;&nbsp; 582 | &nbsp;&nbsp; 469907 |
| 1.50%, 10/20/51 | &nbsp;&nbsp; 94 | &nbsp;&nbsp; 75628 |
| 1.50%, 11/20/51 | &nbsp;&nbsp; 3051 | &nbsp;&nbsp; 2474376 |
| 2.00%, 07/20/50 | &nbsp;&nbsp; 8710 | &nbsp;&nbsp; 7391413 |
| 2.00%, 08/20/50 | &nbsp;&nbsp; 55505 | &nbsp;&nbsp; 47099675 |
| 2.00%, 09/20/50 | &nbsp;&nbsp; 3793 | &nbsp;&nbsp; 3213918 |
| 2.00%, 10/20/50 | &nbsp;&nbsp; 16585 | &nbsp;&nbsp; 14070944 |
| 2.00%, 11/20/50 | &nbsp;&nbsp; 27765 | &nbsp;&nbsp; 23529119 |
| 2.00%, 12/20/50 | &nbsp;&nbsp; 134569 | &nbsp;&nbsp; 114056581 |
| 2.00%, 01/20/51 | &nbsp;&nbsp; 36302 | &nbsp;&nbsp; 30768104 |
| 2.00%, 02/20/51 | &nbsp;&nbsp; 67508 | &nbsp;&nbsp; 57206018 |
| 2.00%, 03/20/51 | &nbsp;&nbsp; 9801 | &nbsp;&nbsp; 8305598 |
| 2.00%, 04/20/51 | &nbsp;&nbsp; 21195 | &nbsp;&nbsp; 17960092 |
| 2.00%, 05/20/51 | &nbsp;&nbsp; 6112 | &nbsp;&nbsp; 5179052 |
| 2.00%, 06/20/51 | &nbsp;&nbsp; 12457 | &nbsp;&nbsp; 10555650 |
| 2.00%, 07/20/51 | &nbsp;&nbsp; 33335 | &nbsp;&nbsp; 28247782 |
| 2.00%, 08/20/51 | &nbsp;&nbsp; 31363 | &nbsp;&nbsp; 26523611 |
| 2.00%, 09/20/51 | &nbsp;&nbsp; 9651 | &nbsp;&nbsp; 8177796 |
| 2.00%, 10/20/51 | &nbsp;&nbsp; 261138 | &nbsp;&nbsp; 221285635 |
| 2.00%, 11/20/51 | &nbsp;&nbsp; 45821 | &nbsp;&nbsp; 38827938 |
| 2.00%, 12/20/51 | &nbsp;&nbsp; 256665 | &nbsp;&nbsp; 217494998 |
| 2.00%, 01/20/52 | &nbsp;&nbsp; 148374 | &nbsp;&nbsp; 125730377 |
| 2.00%, 02/20/52 | &nbsp;&nbsp; 15515 | &nbsp;&nbsp; 13146858 |
| 2.00%, 03/20/52 | &nbsp;&nbsp; 175179 | &nbsp;&nbsp; 148438446 |
| 2.00%, 04/20/52 | &nbsp;&nbsp; 90193 | &nbsp;&nbsp; 76425905 |
| 2.00%, 05/20/52 | &nbsp;&nbsp; 1459 | &nbsp;&nbsp; 1236470 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.00%, 06/20/52 | &nbsp;&nbsp; $75668 | &nbsp;&nbsp; $64118070 |
| 2.00%, 07/20/52 | &nbsp;&nbsp; 540 | &nbsp;&nbsp; 457731 |
| 2.00%, 09/20/52 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 55037 |
| 2.50%, 03/20/27 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3004 |
| 2.50%, 08/20/27 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6454 |
| 2.50%, 09/20/27 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9261 |
| 2.50%, 01/20/28 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 37288 |
| 2.50%, 04/20/28 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 23766 |
| 2.50%, 11/20/30 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 38645 |
| 2.50%, 04/20/32 | &nbsp;&nbsp; 137 | &nbsp;&nbsp; 132667 |
| 2.50%, 12/20/42 | &nbsp;&nbsp; 319 | &nbsp;&nbsp; 292181 |
| 2.50%, 03/20/43 | &nbsp;&nbsp; 121 | &nbsp;&nbsp; 109890 |
| 2.50%, 01/20/45 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18195 |
| 2.50%, 10/20/45 | &nbsp;&nbsp; 7518 | &nbsp;&nbsp; 6847847 |
| 2.50%, 11/20/46 | &nbsp;&nbsp; 153 | &nbsp;&nbsp; 137600 |
| 2.50%, 12/20/46 | &nbsp;&nbsp; 8796 | &nbsp;&nbsp; 7894551 |
| 2.50%, 01/20/47 | &nbsp;&nbsp; 3326 | &nbsp;&nbsp; 2984813 |
| 2.50%, 11/20/47 | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 76473 |
| 2.50%, 10/20/49 | &nbsp;&nbsp; 1604 | &nbsp;&nbsp; 1423184 |
| 2.50%, 01/20/50 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 50568 |
| 2.50%, 04/20/50 | &nbsp;&nbsp; 11132 | &nbsp;&nbsp; 9837789 |
| 2.50%, 06/20/50 | &nbsp;&nbsp; 13211 | &nbsp;&nbsp; 11673990 |
| 2.50%, 07/20/50 | &nbsp;&nbsp; 5924 | &nbsp;&nbsp; 5234526 |
| 2.50%, 08/20/50 | &nbsp;&nbsp; 12171 | &nbsp;&nbsp; 10667850 |
| 2.50%, 09/20/50 | &nbsp;&nbsp; 24038 | &nbsp;&nbsp; 20987528 |
| 2.50%, 10/20/50 | &nbsp;&nbsp; 132 | &nbsp;&nbsp; 116670 |
| 2.50%, 12/20/50 | &nbsp;&nbsp; 523 | &nbsp;&nbsp; 462176 |
| 2.50%, 01/20/51 | &nbsp;&nbsp; 68483 | &nbsp;&nbsp; 60498921 |
| 2.50%, 02/20/51 | &nbsp;&nbsp; 60787 | &nbsp;&nbsp; 53642692 |
| 2.50%, 03/20/51 | &nbsp;&nbsp; 29883 | &nbsp;&nbsp; 26377452 |
| 2.50%, 04/20/51 | &nbsp;&nbsp; 10103 | &nbsp;&nbsp; 8917709 |
| 2.50%, 05/20/51 | &nbsp;&nbsp; 163884 | &nbsp;&nbsp; 144659080 |
| 2.50%, 06/20/51 | &nbsp;&nbsp; 4096 | &nbsp;&nbsp; 3615851 |
| 2.50%, 07/20/51 | &nbsp;&nbsp; 210649 | &nbsp;&nbsp; 185938026 |
| 2.50%, 08/20/51 | &nbsp;&nbsp; 140518 | &nbsp;&nbsp; 124030509 |
| 2.50%, 09/20/51 | &nbsp;&nbsp; 103621 | &nbsp;&nbsp; 91465086 |
| 2.50%, 10/20/51 | &nbsp;&nbsp; 25389 | &nbsp;&nbsp; 22410896 |
| 2.50%, 11/20/51 | &nbsp;&nbsp; 51608 | &nbsp;&nbsp; 45553883 |
| 2.50%, 12/20/51 | &nbsp;&nbsp; 127323 | &nbsp;&nbsp; 112386443 |
| 2.50%, 01/20/52 | &nbsp;&nbsp; 69120 | &nbsp;&nbsp; 61011871 |
| 2.50%, 02/20/52 | &nbsp;&nbsp; 292 | &nbsp;&nbsp; 257618 |
| 2.50%, 03/20/52 | &nbsp;&nbsp; 130866 | &nbsp;&nbsp; 115515880 |
| 2.50%, 04/20/52 | &nbsp;&nbsp; 105087 | &nbsp;&nbsp; 92760491 |
| 2.50%, 05/20/52 | &nbsp;&nbsp; 84595 | &nbsp;&nbsp; 74671722 |
| 2.50%, 06/20/52 | &nbsp;&nbsp; 5775 | &nbsp;&nbsp; 5097973 |
| 2.50%, 07/20/52 | &nbsp;&nbsp; 9594 | &nbsp;&nbsp; 8468367 |
| 2.50%, 08/20/52 | &nbsp;&nbsp; 22030 | &nbsp;&nbsp; 19446244 |
| 2.50%, 09/20/52 | &nbsp;&nbsp; 18822 | &nbsp;&nbsp; 16613779 |
| 2.50%, 10/20/52 | &nbsp;&nbsp; 7841 | &nbsp;&nbsp; 6921355 |
| 2.50%, 12/20/52 | &nbsp;&nbsp; 15638 | &nbsp;&nbsp; 13803760 |
| 2.50%, 01/20/53 | &nbsp;&nbsp; 1469 | &nbsp;&nbsp; 1296666 |
| 2.50%, 02/20/53 | &nbsp;&nbsp; 5651 | &nbsp;&nbsp; 4988436 |
| 2.50%, 03/20/53 | &nbsp;&nbsp; 3663 | &nbsp;&nbsp; 3232900 |
| 2.50%, 10/20/53 | &nbsp;&nbsp; 21535 | &nbsp;&nbsp; 19008606 |
| 2.50%, 02/20/54 | &nbsp;&nbsp; 1724 | &nbsp;&nbsp; 1522093 |
| 3.00%, 01/20/27 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10393 |
| 3.00%, 04/15/27 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5611 |
| 3.00%, 04/20/27 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8009 |
| 3.00%, 05/20/27 | &nbsp;&nbsp; 354 | &nbsp;&nbsp; 351489 |
| 3.00%, 07/15/27 | &nbsp;&nbsp; 180 | &nbsp;&nbsp; 178212 |
| 3.00%, 09/15/27 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3826 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 09/20/27 | &nbsp;&nbsp; $17 | &nbsp;&nbsp; $16682 |
| 3.00%, 10/15/27 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 47168 |
| 3.00%, 11/20/27 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3179 |
| 3.00%, 01/20/28 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2817 |
| 3.00%, 09/20/28 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13753 |
| 3.00%, 10/20/28 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17012 |
| 3.00%, 11/20/28 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 40299 |
| 3.00%, 01/20/29 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14498 |
| 3.00%, 05/20/29 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 39723 |
| 3.00%, 10/20/30 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5850 |
| 3.00%, 12/20/31 | &nbsp;&nbsp; 87 | &nbsp;&nbsp; 85533 |
| 3.00%, 01/20/42 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 9932 |
| 3.00%, 04/15/42 | &nbsp;&nbsp; 193 | &nbsp;&nbsp; 181738 |
| 3.00%, 06/20/42 | &nbsp;&nbsp; 87 | &nbsp;&nbsp; 82473 |
| 3.00%, 07/20/42 | &nbsp;&nbsp; 431 | &nbsp;&nbsp; 406882 |
| 3.00%, 08/15/42 | &nbsp;&nbsp; 296 | &nbsp;&nbsp; 279187 |
| 3.00%, 08/20/42 | &nbsp;&nbsp; 117 | &nbsp;&nbsp; 110756 |
| 3.00%, 09/15/42 | &nbsp;&nbsp; 4240 | &nbsp;&nbsp; 3999100 |
| 3.00%, 09/20/42 | &nbsp;&nbsp; 395 | &nbsp;&nbsp; 372981 |
| 3.00%, 10/15/42 | &nbsp;&nbsp; 497 | &nbsp;&nbsp; 469244 |
| 3.00%, 10/20/42 | &nbsp;&nbsp; 4056 | &nbsp;&nbsp; 3832232 |
| 3.00%, 11/15/42 | &nbsp;&nbsp; 3313 | &nbsp;&nbsp; 3119023 |
| 3.00%, 11/20/42 | &nbsp;&nbsp; 258 | &nbsp;&nbsp; 243940 |
| 3.00%, 12/15/42 | &nbsp;&nbsp; 273 | &nbsp;&nbsp; 257265 |
| 3.00%, 12/20/42 | &nbsp;&nbsp; 4339 | &nbsp;&nbsp; 4099845 |
| 3.00%, 01/20/43 | &nbsp;&nbsp; 8145 | &nbsp;&nbsp; 7696432 |
| 3.00%, 02/15/43 | &nbsp;&nbsp; 419 | &nbsp;&nbsp; 395157 |
| 3.00%, 02/20/43 | &nbsp;&nbsp; 237 | &nbsp;&nbsp; 223780 |
| 3.00%, 03/15/43 | &nbsp;&nbsp; 151 | &nbsp;&nbsp; 141961 |
| 3.00%, 03/20/43 | &nbsp;&nbsp; 1110 | &nbsp;&nbsp; 1046986 |
| 3.00%, 04/15/43 | &nbsp;&nbsp; 202 | &nbsp;&nbsp; 191317 |
| 3.00%, 04/20/43 | &nbsp;&nbsp; 3145 | &nbsp;&nbsp; 2965389 |
| 3.00%, 05/15/43 | &nbsp;&nbsp; 117 | &nbsp;&nbsp; 111557 |
| 3.00%, 05/20/43 | &nbsp;&nbsp; 3777 | &nbsp;&nbsp; 3561720 |
| 3.00%, 06/15/43 | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 44054 |
| 3.00%, 06/20/43 | &nbsp;&nbsp; 723 | &nbsp;&nbsp; 681526 |
| 3.00%, 07/15/43 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 53391 |
| 3.00%, 07/20/43 | &nbsp;&nbsp; 2046 | &nbsp;&nbsp; 1929019 |
| 3.00%, 08/15/43 | &nbsp;&nbsp; 492 | &nbsp;&nbsp; 463554 |
| 3.00%, 08/20/43 | &nbsp;&nbsp; 780 | &nbsp;&nbsp; 735549 |
| 3.00%, 09/15/43 | &nbsp;&nbsp; 546 | &nbsp;&nbsp; 514192 |
| 3.00%, 09/20/43 | &nbsp;&nbsp; 983 | &nbsp;&nbsp; 926530 |
| 3.00%, 10/20/43 | &nbsp;&nbsp; 171 | &nbsp;&nbsp; 160996 |
| 3.00%, 11/20/43 | &nbsp;&nbsp; 336 | &nbsp;&nbsp; 317306 |
| 3.00%, 12/20/43 | &nbsp;&nbsp; 818 | &nbsp;&nbsp; 771342 |
| 3.00%, 01/15/44 | &nbsp;&nbsp; 264 | &nbsp;&nbsp; 248714 |
| 3.00%, 01/20/44 | &nbsp;&nbsp; 3510 | &nbsp;&nbsp; 3309836 |
| 3.00%, 02/20/44 | &nbsp;&nbsp; 996 | &nbsp;&nbsp; 939296 |
| 3.00%, 03/20/44 | &nbsp;&nbsp; 1010 | &nbsp;&nbsp; 952001 |
| 3.00%, 04/20/44 | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 54240 |
| 3.00%, 06/20/44 | &nbsp;&nbsp; 136 | &nbsp;&nbsp; 128668 |
| 3.00%, 07/20/44 | &nbsp;&nbsp; 490 | &nbsp;&nbsp; 459432 |
| 3.00%, 08/20/44 | &nbsp;&nbsp; 23462 | &nbsp;&nbsp; 22124351 |
| 3.00%, 09/20/44 | &nbsp;&nbsp; 488 | &nbsp;&nbsp; 457761 |
| 3.00%, 10/15/44 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16301 |
| 3.00%, 10/20/44 | &nbsp;&nbsp; 2830 | &nbsp;&nbsp; 2668340 |
| 3.00%, 11/20/44 | &nbsp;&nbsp; 5937 | &nbsp;&nbsp; 5565667 |
| 3.00%, 12/20/44 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 12064 |
| 3.00%, 01/20/45 | &nbsp;&nbsp; 3265 | &nbsp;&nbsp; 3060808 |
| 3.00%, 02/20/45 | &nbsp;&nbsp; 183 | &nbsp;&nbsp; 171601 |
| 3.00%, 03/20/45 | &nbsp;&nbsp; 209 | &nbsp;&nbsp; 193930 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 04/20/45 | &nbsp;&nbsp; $3243 | &nbsp;&nbsp; $3015223 |
| 3.00%, 05/20/45 | &nbsp;&nbsp; 6483 | &nbsp;&nbsp; 6027970 |
| 3.00%, 06/20/45 | &nbsp;&nbsp; 1039 | &nbsp;&nbsp; 965758 |
| 3.00%, 07/15/45 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2551 |
| 3.00%, 07/20/45 | &nbsp;&nbsp; 10822 | &nbsp;&nbsp; 10061800 |
| 3.00%, 08/15/45 | &nbsp;&nbsp; 1369 | &nbsp;&nbsp; 1272115 |
| 3.00%, 08/20/45 | &nbsp;&nbsp; 22874 | &nbsp;&nbsp; 21268241 |
| 3.00%, 09/20/45 | &nbsp;&nbsp; 533 | &nbsp;&nbsp; 495538 |
| 3.00%, 10/20/45 | &nbsp;&nbsp; 7594 | &nbsp;&nbsp; 7010247 |
| 3.00%, 11/20/45 | &nbsp;&nbsp; 3632 | &nbsp;&nbsp; 3340406 |
| 3.00%, 12/20/45 | &nbsp;&nbsp; 8537 | &nbsp;&nbsp; 7899263 |
| 3.00%, 01/20/46 | &nbsp;&nbsp; 4203 | &nbsp;&nbsp; 3907886 |
| 3.00%, 02/20/46 | &nbsp;&nbsp; 8403 | &nbsp;&nbsp; 7813236 |
| 3.00%, 03/20/46 | &nbsp;&nbsp; 3707 | &nbsp;&nbsp; 3445208 |
| 3.00%, 04/20/46 | &nbsp;&nbsp; 3893 | &nbsp;&nbsp; 3618039 |
| 3.00%, 05/20/46 | &nbsp;&nbsp; 12877 | &nbsp;&nbsp; 11967080 |
| 3.00%, 06/20/46 | &nbsp;&nbsp; 7748 | &nbsp;&nbsp; 7200950 |
| 3.00%, 07/15/46 | &nbsp;&nbsp; 315 | &nbsp;&nbsp; 292221 |
| 3.00%, 07/20/46 | &nbsp;&nbsp; 12776 | &nbsp;&nbsp; 11873283 |
| 3.00%, 08/20/46 | &nbsp;&nbsp; 24499 | &nbsp;&nbsp; 22768536 |
| 3.00%, 09/20/46 | &nbsp;&nbsp; 17741 | &nbsp;&nbsp; 16487720 |
| 3.00%, 10/20/46 | &nbsp;&nbsp; 58613 | &nbsp;&nbsp; 54472902 |
| 3.00%, 11/15/46 | &nbsp;&nbsp; 104 | &nbsp;&nbsp; 96118 |
| 3.00%, 11/20/46 | &nbsp;&nbsp; 12169 | &nbsp;&nbsp; 11323636 |
| 3.00%, 12/15/46 | &nbsp;&nbsp; 4174 | &nbsp;&nbsp; 3852122 |
| 3.00%, 12/20/46 | &nbsp;&nbsp; 24225 | &nbsp;&nbsp; 22513338 |
| 3.00%, 01/20/47 | &nbsp;&nbsp; 15952 | &nbsp;&nbsp; 14824792 |
| 3.00%, 02/15/47 | &nbsp;&nbsp; 9152 | &nbsp;&nbsp; 8501605 |
| 3.00%, 02/20/47 | &nbsp;&nbsp; 37272 | &nbsp;&nbsp; 34639510 |
| 3.00%, 03/20/47 | &nbsp;&nbsp; 12766 | &nbsp;&nbsp; 11864246 |
| 3.00%, 04/20/47 | &nbsp;&nbsp; 8639 | &nbsp;&nbsp; 8017096 |
| 3.00%, 05/20/47 | &nbsp;&nbsp; 355 | &nbsp;&nbsp; 329426 |
| 3.00%, 06/15/47 | &nbsp;&nbsp; 151 | &nbsp;&nbsp; 138588 |
| 3.00%, 06/20/47 | &nbsp;&nbsp; 5004 | &nbsp;&nbsp; 4643490 |
| 3.00%, 07/20/47 | &nbsp;&nbsp; 2420 | &nbsp;&nbsp; 2245732 |
| 3.00%, 08/20/47 | &nbsp;&nbsp; 874 | &nbsp;&nbsp; 811456 |
| 3.00%, 09/15/47 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 91604 |
| 3.00%, 09/20/47 | &nbsp;&nbsp; 4893 | &nbsp;&nbsp; 4541018 |
| 3.00%, 11/20/47 | &nbsp;&nbsp; 9667 | &nbsp;&nbsp; 8970379 |
| 3.00%, 12/15/47 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 18249 |
| 3.00%, 12/20/47 | &nbsp;&nbsp; 2352 | &nbsp;&nbsp; 2182194 |
| 3.00%, 01/20/48 | &nbsp;&nbsp; 31454 | &nbsp;&nbsp; 29188294 |
| 3.00%, 02/20/48 | &nbsp;&nbsp; 4537 | &nbsp;&nbsp; 4204495 |
| 3.00%, 03/20/48 | &nbsp;&nbsp; 9359 | &nbsp;&nbsp; 8684882 |
| 3.00%, 04/20/48 | &nbsp;&nbsp; 8322 | &nbsp;&nbsp; 7722285 |
| 3.00%, 05/20/48 | &nbsp;&nbsp; 2090 | &nbsp;&nbsp; 1939091 |
| 3.00%, 07/20/48 | &nbsp;&nbsp; 71 | &nbsp;&nbsp; 65805 |
| 3.00%, 08/20/48 | &nbsp;&nbsp; 1895 | &nbsp;&nbsp; 1758819 |
| 3.00%, 09/20/48 | &nbsp;&nbsp; 1183 | &nbsp;&nbsp; 1097741 |
| 3.00%, 10/20/48 | &nbsp;&nbsp; 729 | &nbsp;&nbsp; 676237 |
| 3.00%, 11/20/48 | &nbsp;&nbsp; 1669 | &nbsp;&nbsp; 1548405 |
| 3.00%, 12/20/48 | &nbsp;&nbsp; 1101 | &nbsp;&nbsp; 1021667 |
| 3.00%, 01/20/49 | &nbsp;&nbsp; 401 | &nbsp;&nbsp; 372479 |
| 3.00%, 02/20/49 | &nbsp;&nbsp; 407 | &nbsp;&nbsp; 377551 |
| 3.00%, 03/20/49 | &nbsp;&nbsp; 3555 | &nbsp;&nbsp; 3303762 |
| 3.00%, 04/20/49 | &nbsp;&nbsp; 1735 | &nbsp;&nbsp; 1609985 |
| 3.00%, 06/20/49 | &nbsp;&nbsp; 2482 | &nbsp;&nbsp; 2303260 |
| 3.00%, 07/20/49 | &nbsp;&nbsp; 17843 | &nbsp;&nbsp; 16471245 |
| 3.00%, 09/20/49 | &nbsp;&nbsp; 18675 | &nbsp;&nbsp; 17215699 |
| 3.00%, 10/20/49 | &nbsp;&nbsp; 22272 | &nbsp;&nbsp; 20524045 |
| 3.00%, 11/15/49 | &nbsp;&nbsp; 306 | &nbsp;&nbsp; 280668 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 11/20/49 | &nbsp;&nbsp; $3505 | &nbsp;&nbsp; $3224033 |
| 3.00%, 12/20/49 | &nbsp;&nbsp; 30758 | &nbsp;&nbsp; 28323519 |
| 3.00%, 01/20/50 | &nbsp;&nbsp; 18430 | &nbsp;&nbsp; 16949440 |
| 3.00%, 02/15/50 | &nbsp;&nbsp; 2076 | &nbsp;&nbsp; 1904716 |
| 3.00%, 02/20/50 | &nbsp;&nbsp; 30026 | &nbsp;&nbsp; 27603220 |
| 3.00%, 03/20/50 | &nbsp;&nbsp; 6852 | &nbsp;&nbsp; 6304988 |
| 3.00%, 04/20/50 | &nbsp;&nbsp; 1922 | &nbsp;&nbsp; 1766109 |
| 3.00%, 05/20/50 | &nbsp;&nbsp; 1090 | &nbsp;&nbsp; 1002879 |
| 3.00%, 06/20/50 | &nbsp;&nbsp; 1624 | &nbsp;&nbsp; 1488535 |
| 3.00%, 08/20/50 | &nbsp;&nbsp; 7048 | &nbsp;&nbsp; 6481142 |
| 3.00%, 10/20/50 | &nbsp;&nbsp; 2137 | &nbsp;&nbsp; 1964980 |
| 3.00%, 01/20/51 | &nbsp;&nbsp; 4690 | &nbsp;&nbsp; 4310911 |
| 3.00%, 03/20/51 | &nbsp;&nbsp; 16215 | &nbsp;&nbsp; 14901282 |
| 3.00%, 04/20/51 | &nbsp;&nbsp; 11116 | &nbsp;&nbsp; 10207705 |
| 3.00%, 05/20/51 | &nbsp;&nbsp; 2461 | &nbsp;&nbsp; 2259871 |
| 3.00%, 06/20/51 | &nbsp;&nbsp; 29745 | &nbsp;&nbsp; 27309754 |
| 3.00%, 07/20/51 | &nbsp;&nbsp; 2622 | &nbsp;&nbsp; 2407481 |
| 3.00%, 08/20/51 | &nbsp;&nbsp; 12982 | &nbsp;&nbsp; 11917149 |
| 3.00%, 09/20/51 | &nbsp;&nbsp; 27946 | &nbsp;&nbsp; 25651494 |
| 3.00%, 10/20/51 | &nbsp;&nbsp; 10369 | &nbsp;&nbsp; 9516653 |
| 3.00%, 11/20/51 | &nbsp;&nbsp; 21825 | &nbsp;&nbsp; 20030015 |
| 3.00%, 12/20/51 | &nbsp;&nbsp; 25949 | &nbsp;&nbsp; 23812748 |
| 3.00%, 01/20/52 | &nbsp;&nbsp; 1496 | &nbsp;&nbsp; 1372878 |
| 3.00%, 02/20/52 | &nbsp;&nbsp; 17287 | &nbsp;&nbsp; 15861381 |
| 3.00%, 03/20/52 | &nbsp;&nbsp; 45633 | &nbsp;&nbsp; 41759653 |
| 3.00%, 04/20/52 | &nbsp;&nbsp; 39187 | &nbsp;&nbsp; 35943559 |
| 3.00%, 05/20/52 | &nbsp;&nbsp; 55168 | &nbsp;&nbsp; 50601832 |
| 3.00%, 06/20/52 | &nbsp;&nbsp; 30501 | &nbsp;&nbsp; 27976414 |
| 3.00%, 07/20/52 | &nbsp;&nbsp; 11355 | &nbsp;&nbsp; 10415437 |
| 3.00%, 08/20/52 | &nbsp;&nbsp; 7731 | &nbsp;&nbsp; 7091410 |
| 3.00%, 09/20/52 | &nbsp;&nbsp; 14988 | &nbsp;&nbsp; 13747724 |
| 3.00%, 10/20/52 | &nbsp;&nbsp; 5201 | &nbsp;&nbsp; 4770407 |
| 3.00%, 11/20/52 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 40895 |
| 3.00%, 12/20/52 | &nbsp;&nbsp; 1537 | &nbsp;&nbsp; 1410524 |
| 3.00%, 01/20/53 | &nbsp;&nbsp; 14138 | &nbsp;&nbsp; 12967482 |
| 3.00%, 02/20/53 | &nbsp;&nbsp; 13893 | &nbsp;&nbsp; 12769548 |
| 3.00%, 03/20/53 | &nbsp;&nbsp; 2194 | &nbsp;&nbsp; 2017184 |
| 3.00%, 04/20/53 | &nbsp;&nbsp; 3212 | &nbsp;&nbsp; 2955822 |
| 3.00%, 06/20/53 | &nbsp;&nbsp; 2248 | &nbsp;&nbsp; 2066983 |
| 3.00%, 11/20/53 | &nbsp;&nbsp; 12283 | &nbsp;&nbsp; 11291971 |
| 3.00%, 01/20/54 | &nbsp;&nbsp; 363 | &nbsp;&nbsp; 333791 |
| 3.00%, 04/20/54 | &nbsp;&nbsp; 834 | &nbsp;&nbsp; 766628 |
| 3.00%, 07/20/54 | &nbsp;&nbsp; 252 | &nbsp;&nbsp; 231974 |
| 3.00%, 10/20/54 | &nbsp;&nbsp; 1092 | &nbsp;&nbsp; 1002590 |
| 3.00%, 07/20/55 | &nbsp;&nbsp; 1117 | &nbsp;&nbsp; 1023990 |
| 3.00%, 12/20/55 | &nbsp;&nbsp; 1929 | &nbsp;&nbsp; 1769049 |
| 3.50%, 05/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 234 |
| 3.50%, 12/20/26 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5607 |
| 3.50%, 03/20/27 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1454 |
| 3.50%, 04/20/27 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4130 |
| 3.50%, 01/20/29 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2609 |
| 3.50%, 07/15/29 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 54018 |
| 3.50%, 01/15/41 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8569 |
| 3.50%, 01/20/41 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 50829 |
| 3.50%, 09/15/41 | &nbsp;&nbsp; 120 | &nbsp;&nbsp; 116670 |
| 3.50%, 10/15/41 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6341 |
| 3.50%, 11/15/41 | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 45214 |
| 3.50%, 11/20/41 | &nbsp;&nbsp; 1213 | &nbsp;&nbsp; 1177624 |
| 3.50%, 12/15/41 | &nbsp;&nbsp; 1066 | &nbsp;&nbsp; 1033546 |
| 3.50%, 12/20/41 | &nbsp;&nbsp; 963 | &nbsp;&nbsp; 935260 |
| 3.50%, 01/15/42 | &nbsp;&nbsp; 132 | &nbsp;&nbsp; 127916 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 01/20/42 | &nbsp;&nbsp; $239 | &nbsp;&nbsp; $232099 |
| 3.50%, 02/15/42 | &nbsp;&nbsp; 279 | &nbsp;&nbsp; 270738 |
| 3.50%, 02/20/42 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 50774 |
| 3.50%, 03/15/42 | &nbsp;&nbsp; 124 | &nbsp;&nbsp; 120875 |
| 3.50%, 03/20/42 | &nbsp;&nbsp; 7036 | &nbsp;&nbsp; 6814920 |
| 3.50%, 04/15/42 | &nbsp;&nbsp; 320 | &nbsp;&nbsp; 308875 |
| 3.50%, 05/15/42 | &nbsp;&nbsp; 232 | &nbsp;&nbsp; 223284 |
| 3.50%, 05/20/42 | &nbsp;&nbsp; 488 | &nbsp;&nbsp; 472907 |
| 3.50%, 06/15/42 | &nbsp;&nbsp; 103 | &nbsp;&nbsp; 99549 |
| 3.50%, 06/20/42 | &nbsp;&nbsp; 9489 | &nbsp;&nbsp; 9190766 |
| 3.50%, 07/15/42 | &nbsp;&nbsp; 274 | &nbsp;&nbsp; 264251 |
| 3.50%, 08/15/42 | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 35129 |
| 3.50%, 08/20/42 | &nbsp;&nbsp; 745 | &nbsp;&nbsp; 722197 |
| 3.50%, 09/15/42 | &nbsp;&nbsp; 845 | &nbsp;&nbsp; 819871 |
| 3.50%, 09/20/42 | &nbsp;&nbsp; 11825 | &nbsp;&nbsp; 11453365 |
| 3.50%, 10/15/42 | &nbsp;&nbsp; 546 | &nbsp;&nbsp; 529217 |
| 3.50%, 10/20/42 | &nbsp;&nbsp; 10055 | &nbsp;&nbsp; 9739241 |
| 3.50%, 11/15/42 | &nbsp;&nbsp; 318 | &nbsp;&nbsp; 308138 |
| 3.50%, 11/20/42 | &nbsp;&nbsp; 10525 | &nbsp;&nbsp; 10194754 |
| 3.50%, 12/20/42 | &nbsp;&nbsp; 7898 | &nbsp;&nbsp; 7650268 |
| 3.50%, 01/15/43 | &nbsp;&nbsp; 235 | &nbsp;&nbsp; 227880 |
| 3.50%, 01/20/43 | &nbsp;&nbsp; 1478 | &nbsp;&nbsp; 1431198 |
| 3.50%, 02/15/43 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 58076 |
| 3.50%, 03/15/43 | &nbsp;&nbsp; 450 | &nbsp;&nbsp; 436992 |
| 3.50%, 03/20/43 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 24687 |
| 3.50%, 04/15/43 | &nbsp;&nbsp; 92 | &nbsp;&nbsp; 88193 |
| 3.50%, 04/20/43 | &nbsp;&nbsp; 5089 | &nbsp;&nbsp; 4926697 |
| 3.50%, 05/15/43 | &nbsp;&nbsp; 711 | &nbsp;&nbsp; 689398 |
| 3.50%, 05/20/43 | &nbsp;&nbsp; 9994 | &nbsp;&nbsp; 9674943 |
| 3.50%, 06/15/43 | &nbsp;&nbsp; 7077 | &nbsp;&nbsp; 6860989 |
| 3.50%, 07/20/43 | &nbsp;&nbsp; 174 | &nbsp;&nbsp; 168481 |
| 3.50%, 08/15/43 | &nbsp;&nbsp; 168 | &nbsp;&nbsp; 163106 |
| 3.50%, 08/20/43 | &nbsp;&nbsp; 511 | &nbsp;&nbsp; 494234 |
| 3.50%, 09/20/43 | &nbsp;&nbsp; 5449 | &nbsp;&nbsp; 5274981 |
| 3.50%, 10/15/43 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 46302 |
| 3.50%, 10/20/43 | &nbsp;&nbsp; 931 | &nbsp;&nbsp; 901158 |
| 3.50%, 11/20/43 | &nbsp;&nbsp; 107 | &nbsp;&nbsp; 103866 |
| 3.50%, 01/20/44 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1983 |
| 3.50%, 02/20/44 | &nbsp;&nbsp; 640 | &nbsp;&nbsp; 619862 |
| 3.50%, 03/20/44 | &nbsp;&nbsp; 1345 | &nbsp;&nbsp; 1302363 |
| 3.50%, 04/20/44 | &nbsp;&nbsp; 1528 | &nbsp;&nbsp; 1476151 |
| 3.50%, 05/20/44 | &nbsp;&nbsp; 319 | &nbsp;&nbsp; 307871 |
| 3.50%, 06/20/44 | &nbsp;&nbsp; 2202 | &nbsp;&nbsp; 2127409 |
| 3.50%, 07/15/44 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 33767 |
| 3.50%, 07/20/44 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 47934 |
| 3.50%, 09/15/44 | &nbsp;&nbsp; 332 | &nbsp;&nbsp; 318241 |
| 3.50%, 09/20/44 | &nbsp;&nbsp; 5097 | &nbsp;&nbsp; 4925207 |
| 3.50%, 10/20/44 | &nbsp;&nbsp; 3176 | &nbsp;&nbsp; 3069121 |
| 3.50%, 11/20/44 | &nbsp;&nbsp; 732 | &nbsp;&nbsp; 707773 |
| 3.50%, 12/15/44 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 52002 |
| 3.50%, 12/20/44 | &nbsp;&nbsp; 1627 | &nbsp;&nbsp; 1572087 |
| 3.50%, 01/15/45 | &nbsp;&nbsp; 113 | &nbsp;&nbsp; 109312 |
| 3.50%, 01/20/45 | &nbsp;&nbsp; 704 | &nbsp;&nbsp; 680521 |
| 3.50%, 02/20/45 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 21264 |
| 3.50%, 03/15/45 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 21903 |
| 3.50%, 03/20/45 | &nbsp;&nbsp; 546 | &nbsp;&nbsp; 525395 |
| 3.50%, 04/15/45 | &nbsp;&nbsp; 298 | &nbsp;&nbsp; 286544 |
| 3.50%, 04/20/45 | &nbsp;&nbsp; 6250 | &nbsp;&nbsp; 6017203 |
| 3.50%, 05/20/45 | &nbsp;&nbsp; 1855 | &nbsp;&nbsp; 1785715 |
| 3.50%, 06/20/45 | &nbsp;&nbsp; 5322 | &nbsp;&nbsp; 5123855 |
| 3.50%, 07/20/45 | &nbsp;&nbsp; 124 | &nbsp;&nbsp; 119116 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 08/20/45 | &nbsp;&nbsp; $166 | &nbsp;&nbsp; $160219 |
| 3.50%, 09/20/45 | &nbsp;&nbsp; 3644 | &nbsp;&nbsp; 3508245 |
| 3.50%, 10/20/45 | &nbsp;&nbsp; 133 | &nbsp;&nbsp; 128057 |
| 3.50%, 11/20/45 | &nbsp;&nbsp; 11192 | &nbsp;&nbsp; 10775365 |
| 3.50%, 12/20/45 | &nbsp;&nbsp; 5019 | &nbsp;&nbsp; 4832192 |
| 3.50%, 01/20/46 | &nbsp;&nbsp; 1567 | &nbsp;&nbsp; 1508533 |
| 3.50%, 02/20/46 | &nbsp;&nbsp; 186 | &nbsp;&nbsp; 179238 |
| 3.50%, 03/20/46 | &nbsp;&nbsp; 12828 | &nbsp;&nbsp; 12327460 |
| 3.50%, 04/20/46 | &nbsp;&nbsp; 11438 | &nbsp;&nbsp; 10992109 |
| 3.50%, 05/20/46 | &nbsp;&nbsp; 3874 | &nbsp;&nbsp; 3722706 |
| 3.50%, 06/15/46 | &nbsp;&nbsp; 118 | &nbsp;&nbsp; 113823 |
| 3.50%, 06/20/46 | &nbsp;&nbsp; 36958 | &nbsp;&nbsp; 35515947 |
| 3.50%, 07/15/46 | &nbsp;&nbsp; 1467 | &nbsp;&nbsp; 1407408 |
| 3.50%, 07/20/46 | &nbsp;&nbsp; 2270 | &nbsp;&nbsp; 2181848 |
| 3.50%, 08/15/46 | &nbsp;&nbsp; 2783 | &nbsp;&nbsp; 2673686 |
| 3.50%, 08/20/46 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 57587 |
| 3.50%, 09/15/46 | &nbsp;&nbsp; 2046 | &nbsp;&nbsp; 1965869 |
| 3.50%, 09/20/46 | &nbsp;&nbsp; 5345 | &nbsp;&nbsp; 5137000 |
| 3.50%, 10/15/46 | &nbsp;&nbsp; 790 | &nbsp;&nbsp; 759388 |
| 3.50%, 10/20/46 | &nbsp;&nbsp; 277 | &nbsp;&nbsp; 266087 |
| 3.50%, 11/20/46 | &nbsp;&nbsp; 4857 | &nbsp;&nbsp; 4667942 |
| 3.50%, 12/20/46 | &nbsp;&nbsp; 6875 | &nbsp;&nbsp; 6606908 |
| 3.50%, 01/20/47 | &nbsp;&nbsp; 22201 | &nbsp;&nbsp; 21335245 |
| 3.50%, 02/20/47 | &nbsp;&nbsp; 40315 | &nbsp;&nbsp; 38742822 |
| 3.50%, 03/20/47 | &nbsp;&nbsp; 11209 | &nbsp;&nbsp; 10767654 |
| 3.50%, 04/20/47 | &nbsp;&nbsp; 7826 | &nbsp;&nbsp; 7518843 |
| 3.50%, 05/20/47 | &nbsp;&nbsp; 1365 | &nbsp;&nbsp; 1311364 |
| 3.50%, 06/15/47 | &nbsp;&nbsp; 798 | &nbsp;&nbsp; 765640 |
| 3.50%, 06/20/47 | &nbsp;&nbsp; 3042 | &nbsp;&nbsp; 2922470 |
| 3.50%, 07/20/47 | &nbsp;&nbsp; 3222 | &nbsp;&nbsp; 3095486 |
| 3.50%, 08/20/47 | &nbsp;&nbsp; 15201 | &nbsp;&nbsp; 14601594 |
| 3.50%, 09/15/47 | &nbsp;&nbsp; 330 | &nbsp;&nbsp; 316420 |
| 3.50%, 09/20/47 | &nbsp;&nbsp; 34691 | &nbsp;&nbsp; 33322517 |
| 3.50%, 10/15/47 | &nbsp;&nbsp; 1035 | &nbsp;&nbsp; 993255 |
| 3.50%, 10/20/47 | &nbsp;&nbsp; 17630 | &nbsp;&nbsp; 16889624 |
| 3.50%, 11/15/47 | &nbsp;&nbsp; 1946 | &nbsp;&nbsp; 1868065 |
| 3.50%, 11/20/47 | &nbsp;&nbsp; 14622 | &nbsp;&nbsp; 14045632 |
| 3.50%, 12/15/47 | &nbsp;&nbsp; 3003 | &nbsp;&nbsp; 2883082 |
| 3.50%, 12/20/47 | &nbsp;&nbsp; 21157 | &nbsp;&nbsp; 20190179 |
| 3.50%, 01/15/48 | &nbsp;&nbsp; 3701 | &nbsp;&nbsp; 3553113 |
| 3.50%, 01/20/48 | &nbsp;&nbsp; 16428 | &nbsp;&nbsp; 15718629 |
| 3.50%, 02/15/48 | &nbsp;&nbsp; 112 | &nbsp;&nbsp; 107315 |
| 3.50%, 02/20/48 | &nbsp;&nbsp; 14877 | &nbsp;&nbsp; 14291304 |
| 3.50%, 03/20/48 | &nbsp;&nbsp; 63 | &nbsp;&nbsp; 60415 |
| 3.50%, 04/15/48 | &nbsp;&nbsp; 270 | &nbsp;&nbsp; 258076 |
| 3.50%, 04/20/48 | &nbsp;&nbsp; 12539 | &nbsp;&nbsp; 12028665 |
| 3.50%, 05/15/48 | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 32852 |
| 3.50%, 05/20/48 | &nbsp;&nbsp; 14536 | &nbsp;&nbsp; 13963477 |
| 3.50%, 08/20/48 | &nbsp;&nbsp; 154 | &nbsp;&nbsp; 147999 |
| 3.50%, 09/15/48 | &nbsp;&nbsp; 994 | &nbsp;&nbsp; 932874 |
| 3.50%, 09/20/48 | &nbsp;&nbsp; 3986 | &nbsp;&nbsp; 3796735 |
| 3.50%, 10/20/48 | &nbsp;&nbsp; 12783 | &nbsp;&nbsp; 12267655 |
| 3.50%, 11/20/48 | &nbsp;&nbsp; 11493 | &nbsp;&nbsp; 11029814 |
| 3.50%, 12/20/48 | &nbsp;&nbsp; 555 | &nbsp;&nbsp; 532645 |
| 3.50%, 01/20/49 | &nbsp;&nbsp; 2114 | &nbsp;&nbsp; 2031193 |
| 3.50%, 02/20/49 | &nbsp;&nbsp; 1602 | &nbsp;&nbsp; 1537370 |
| 3.50%, 03/20/49 | &nbsp;&nbsp; 15962 | &nbsp;&nbsp; 15318588 |
| 3.50%, 04/20/49 | &nbsp;&nbsp; 252 | &nbsp;&nbsp; 241830 |
| 3.50%, 05/20/49 | &nbsp;&nbsp; 253 | &nbsp;&nbsp; 241987 |
| 3.50%, 06/20/49 | &nbsp;&nbsp; 2045 | &nbsp;&nbsp; 1951822 |
| 3.50%, 07/20/49 | &nbsp;&nbsp; 1363 | &nbsp;&nbsp; 1301773 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 09/20/49 | &nbsp;&nbsp; $12457 | &nbsp;&nbsp; $11900738 |
| 3.50%, 10/15/49 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11252 |
| 3.50%, 10/20/49 | &nbsp;&nbsp; 737 | &nbsp;&nbsp; 704438 |
| 3.50%, 11/15/49 | &nbsp;&nbsp; 264 | &nbsp;&nbsp; 251986 |
| 3.50%, 11/20/49 | &nbsp;&nbsp; 1512 | &nbsp;&nbsp; 1443995 |
| 3.50%, 12/20/49 | &nbsp;&nbsp; 11235 | &nbsp;&nbsp; 10733172 |
| 3.50%, 01/20/50 | &nbsp;&nbsp; 26062 | &nbsp;&nbsp; 24897604 |
| 3.50%, 02/20/50 | &nbsp;&nbsp; 792 | &nbsp;&nbsp; 756268 |
| 3.50%, 03/20/50 | &nbsp;&nbsp; 858 | &nbsp;&nbsp; 819802 |
| 3.50%, 04/20/50 | &nbsp;&nbsp; 1086 | &nbsp;&nbsp; 1037788 |
| 3.50%, 05/20/50 | &nbsp;&nbsp; 6748 | &nbsp;&nbsp; 6446655 |
| 3.50%, 06/20/50 | &nbsp;&nbsp; 4852 | &nbsp;&nbsp; 4633929 |
| 3.50%, 07/20/50 | &nbsp;&nbsp; 981 | &nbsp;&nbsp; 936945 |
| 3.50%, 08/20/50 | &nbsp;&nbsp; 3397 | &nbsp;&nbsp; 3244892 |
| 3.50%, 09/20/50 | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 43594 |
| 3.50%, 10/20/50 | &nbsp;&nbsp; 868 | &nbsp;&nbsp; 828830 |
| 3.50%, 11/20/50 | &nbsp;&nbsp; 911 | &nbsp;&nbsp; 870186 |
| 3.50%, 12/20/50 | &nbsp;&nbsp; 180 | &nbsp;&nbsp; 172279 |
| 3.50%, 03/20/51 | &nbsp;&nbsp; 1355 | &nbsp;&nbsp; 1294012 |
| 3.50%, 05/20/51 | &nbsp;&nbsp; 4089 | &nbsp;&nbsp; 3905437 |
| 3.50%, 06/20/51 | &nbsp;&nbsp; 7761 | &nbsp;&nbsp; 7412413 |
| 3.50%, 07/20/51 | &nbsp;&nbsp; 537 | &nbsp;&nbsp; 512459 |
| 3.50%, 09/20/51 | &nbsp;&nbsp; 592 | &nbsp;&nbsp; 563583 |
| 3.50%, 11/20/51 | &nbsp;&nbsp; 408 | &nbsp;&nbsp; 388614 |
| 3.50%, 12/20/51 | &nbsp;&nbsp; 832 | &nbsp;&nbsp; 791394 |
| 3.50%, 01/20/52 | &nbsp;&nbsp; 3239 | &nbsp;&nbsp; 3081252 |
| 3.50%, 02/20/52 | &nbsp;&nbsp; 4073 | &nbsp;&nbsp; 3875355 |
| 3.50%, 03/20/52 | &nbsp;&nbsp; 5201 | &nbsp;&nbsp; 4911131 |
| 3.50%, 04/20/52 | &nbsp;&nbsp; 4628 | &nbsp;&nbsp; 4402728 |
| 3.50%, 05/20/52 | &nbsp;&nbsp; 8779 | &nbsp;&nbsp; 8338819 |
| 3.50%, 06/20/52 | &nbsp;&nbsp; 3846 | &nbsp;&nbsp; 3652727 |
| 3.50%, 07/20/52 | &nbsp;&nbsp; 911 | &nbsp;&nbsp; 864918 |
| 3.50%, 08/20/52 | &nbsp;&nbsp; 2205 | &nbsp;&nbsp; 2094632 |
| 3.50%, 09/20/52 | &nbsp;&nbsp; 5994 | &nbsp;&nbsp; 5691913 |
| 3.50%, 10/20/52 | &nbsp;&nbsp; 26921 | &nbsp;&nbsp; 25584311 |
| 3.50%, 11/20/52 | &nbsp;&nbsp; 824 | &nbsp;&nbsp; 782375 |
| 3.50%, 12/20/52 | &nbsp;&nbsp; 3353 | &nbsp;&nbsp; 3184581 |
| 3.50%, 01/20/53 | &nbsp;&nbsp; 8739 | &nbsp;&nbsp; 8299568 |
| 3.50%, 02/20/53 | &nbsp;&nbsp; 16458 | &nbsp;&nbsp; 15719284 |
| 3.50%, 03/20/53 | &nbsp;&nbsp; 1519 | &nbsp;&nbsp; 1448744 |
| 3.50%, 04/20/53 | &nbsp;&nbsp; 6425 | &nbsp;&nbsp; 6138179 |
| 3.50%, 06/20/53 | &nbsp;&nbsp; 25778 | &nbsp;&nbsp; 24621733 |
| 3.50%, 07/20/53 | &nbsp;&nbsp; 13443 | &nbsp;&nbsp; 12839796 |
| 3.50%, 08/20/53 | &nbsp;&nbsp; 185 | &nbsp;&nbsp; 176795 |
| 3.50%, 09/20/53 | &nbsp;&nbsp; 610 | &nbsp;&nbsp; 583045 |
| 3.50%, 10/20/53 | &nbsp;&nbsp; 1847 | &nbsp;&nbsp; 1764221 |
| 3.50%, 11/20/53 | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 104931 |
| 3.50%, 12/20/53 | &nbsp;&nbsp; 193 | &nbsp;&nbsp; 184647 |
| 3.50%, 01/20/54 | &nbsp;&nbsp; 5435 | &nbsp;&nbsp; 5192102 |
| 3.50%, 02/20/54 | &nbsp;&nbsp; 842 | &nbsp;&nbsp; 804125 |
| 3.50%, 04/20/54 | &nbsp;&nbsp; 804 | &nbsp;&nbsp; 768126 |
| 3.50%, 05/20/54 | &nbsp;&nbsp; 861 | &nbsp;&nbsp; 822132 |
| 3.50%, 08/20/55 | &nbsp;&nbsp; 8625 | &nbsp;&nbsp; 8091482 |
| 4.00%, 05/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 224 |
| 4.00%, 07/20/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 311 |
| 4.00%, 06/15/39 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 38703 |
| 4.00%, 09/20/39 | &nbsp;&nbsp; 207 | &nbsp;&nbsp; 205301 |
| 4.00%, 11/20/39 | &nbsp;&nbsp; 7146 | &nbsp;&nbsp; 7090489 |
| 4.00%, 12/20/39 | &nbsp;&nbsp; 464 | &nbsp;&nbsp; 460900 |
| 4.00%, 04/20/40 | &nbsp;&nbsp; 291 | &nbsp;&nbsp; 287803 |
| 4.00%, 07/20/40 | &nbsp;&nbsp; 305 | &nbsp;&nbsp; 301765 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 08/15/40 | &nbsp;&nbsp; $26 | &nbsp;&nbsp; $25953 |
| 4.00%, 08/20/40 | &nbsp;&nbsp; 302 | &nbsp;&nbsp; 298822 |
| 4.00%, 09/15/40 | &nbsp;&nbsp; 107 | &nbsp;&nbsp; 105106 |
| 4.00%, 09/20/40 | &nbsp;&nbsp; 145 | &nbsp;&nbsp; 144098 |
| 4.00%, 10/15/40 | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 77723 |
| 4.00%, 10/20/40 | &nbsp;&nbsp; 905 | &nbsp;&nbsp; 896197 |
| 4.00%, 11/15/40 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 55789 |
| 4.00%, 11/20/40 | &nbsp;&nbsp; 675 | &nbsp;&nbsp; 668081 |
| 4.00%, 12/15/40 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 42117 |
| 4.00%, 12/20/40 | &nbsp;&nbsp; 5235 | &nbsp;&nbsp; 5185273 |
| 4.00%, 01/15/41 | &nbsp;&nbsp; 124 | &nbsp;&nbsp; 123536 |
| 4.00%, 01/20/41 | &nbsp;&nbsp; 916 | &nbsp;&nbsp; 906807 |
| 4.00%, 02/15/41 | &nbsp;&nbsp; 1547 | &nbsp;&nbsp; 1534951 |
| 4.00%, 02/20/41 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 79674 |
| 4.00%, 03/15/41 | &nbsp;&nbsp; 235 | &nbsp;&nbsp; 233099 |
| 4.00%, 04/15/41 | &nbsp;&nbsp; 937 | &nbsp;&nbsp; 929445 |
| 4.00%, 04/20/41 | &nbsp;&nbsp; 64 | &nbsp;&nbsp; 63838 |
| 4.00%, 05/15/41 | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 223741 |
| 4.00%, 05/20/41 | &nbsp;&nbsp; 397 | &nbsp;&nbsp; 392869 |
| 4.00%, 06/15/41 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 185 |
| 4.00%, 07/15/41 | &nbsp;&nbsp; 486 | &nbsp;&nbsp; 481639 |
| 4.00%, 07/20/41 | &nbsp;&nbsp; 181 | &nbsp;&nbsp; 179112 |
| 4.00%, 08/15/41 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 34994 |
| 4.00%, 08/20/41 | &nbsp;&nbsp; 1153 | &nbsp;&nbsp; 1142348 |
| 4.00%, 09/15/41 | &nbsp;&nbsp; 146 | &nbsp;&nbsp; 145758 |
| 4.00%, 09/20/41 | &nbsp;&nbsp; 67 | &nbsp;&nbsp; 66617 |
| 4.00%, 10/15/41 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 20384 |
| 4.00%, 10/20/41 | &nbsp;&nbsp; 51 | &nbsp;&nbsp; 50129 |
| 4.00%, 11/15/41 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10472 |
| 4.00%, 11/20/41 | &nbsp;&nbsp; 2083 | &nbsp;&nbsp; 2063234 |
| 4.00%, 12/15/41 | &nbsp;&nbsp; 364 | &nbsp;&nbsp; 361048 |
| 4.00%, 12/20/41 | &nbsp;&nbsp; 481 | &nbsp;&nbsp; 476225 |
| 4.00%, 01/15/42 | &nbsp;&nbsp; 166 | &nbsp;&nbsp; 165692 |
| 4.00%, 01/20/42 | &nbsp;&nbsp; 736 | &nbsp;&nbsp; 729319 |
| 4.00%, 02/15/42 | &nbsp;&nbsp; 1080 | &nbsp;&nbsp; 1068994 |
| 4.00%, 02/20/42 | &nbsp;&nbsp; 1475 | &nbsp;&nbsp; 1460994 |
| 4.00%, 03/15/42 | &nbsp;&nbsp; 1708 | &nbsp;&nbsp; 1691493 |
| 4.00%, 03/20/42 | &nbsp;&nbsp; 157 | &nbsp;&nbsp; 155851 |
| 4.00%, 04/15/42 | &nbsp;&nbsp; 1068 | &nbsp;&nbsp; 1058109 |
| 4.00%, 04/20/42 | &nbsp;&nbsp; 570 | &nbsp;&nbsp; 564726 |
| 4.00%, 05/15/42 | &nbsp;&nbsp; 331 | &nbsp;&nbsp; 327622 |
| 4.00%, 05/20/42 | &nbsp;&nbsp; 968 | &nbsp;&nbsp; 958717 |
| 4.00%, 06/20/42 | &nbsp;&nbsp; 129 | &nbsp;&nbsp; 127866 |
| 4.00%, 07/20/42 | &nbsp;&nbsp; 315 | &nbsp;&nbsp; 311894 |
| 4.00%, 08/15/42 | &nbsp;&nbsp; 321 | &nbsp;&nbsp; 318155 |
| 4.00%, 08/20/42 | &nbsp;&nbsp; 1429 | &nbsp;&nbsp; 1415237 |
| 4.00%, 09/20/42 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24936 |
| 4.00%, 10/15/42 | &nbsp;&nbsp; 177 | &nbsp;&nbsp; 175288 |
| 4.00%, 10/20/42 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 26203 |
| 4.00%, 11/20/42 | &nbsp;&nbsp; 374 | &nbsp;&nbsp; 370297 |
| 4.00%, 12/20/42 | &nbsp;&nbsp; 2665 | &nbsp;&nbsp; 2639530 |
| 4.00%, 01/20/43 | &nbsp;&nbsp; 274 | &nbsp;&nbsp; 271469 |
| 4.00%, 03/20/43 | &nbsp;&nbsp; 160 | &nbsp;&nbsp; 158796 |
| 4.00%, 04/20/43 | &nbsp;&nbsp; 142 | &nbsp;&nbsp; 140962 |
| 4.00%, 05/15/43 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4071 |
| 4.00%, 05/20/43 | &nbsp;&nbsp; 761 | &nbsp;&nbsp; 753466 |
| 4.00%, 06/20/43 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19590 |
| 4.00%, 09/15/43 | &nbsp;&nbsp; 76 | &nbsp;&nbsp; 74091 |
| 4.00%, 09/20/43 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 16723 |
| 4.00%, 10/20/43 | &nbsp;&nbsp; 346 | &nbsp;&nbsp; 342908 |
| 4.00%, 11/20/43 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 23281 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 01/20/44 | &nbsp;&nbsp; $730 | &nbsp;&nbsp; $722491 |
| 4.00%, 02/20/44 | &nbsp;&nbsp; 341 | &nbsp;&nbsp; 337242 |
| 4.00%, 03/15/44 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 69123 |
| 4.00%, 03/20/44 | &nbsp;&nbsp; 167 | &nbsp;&nbsp; 164015 |
| 4.00%, 04/20/44 | &nbsp;&nbsp; 792 | &nbsp;&nbsp; 778915 |
| 4.00%, 05/15/44 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 43347 |
| 4.00%, 06/20/44 | &nbsp;&nbsp; 315 | &nbsp;&nbsp; 310235 |
| 4.00%, 07/15/44 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24357 |
| 4.00%, 07/20/44 | &nbsp;&nbsp; 1449 | &nbsp;&nbsp; 1426249 |
| 4.00%, 08/15/44 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12180 |
| 4.00%, 08/20/44 | &nbsp;&nbsp; 2231 | &nbsp;&nbsp; 2195415 |
| 4.00%, 09/15/44 | &nbsp;&nbsp; 184 | &nbsp;&nbsp; 180287 |
| 4.00%, 09/20/44 | &nbsp;&nbsp; 225 | &nbsp;&nbsp; 220930 |
| 4.00%, 10/20/44 | &nbsp;&nbsp; 3067 | &nbsp;&nbsp; 3018710 |
| 4.00%, 01/15/45 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11586 |
| 4.00%, 01/20/45 | &nbsp;&nbsp; 3273 | &nbsp;&nbsp; 3220907 |
| 4.00%, 02/20/45 | &nbsp;&nbsp; 215 | &nbsp;&nbsp; 211169 |
| 4.00%, 03/15/45 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 18417 |
| 4.00%, 03/20/45 | &nbsp;&nbsp; 826 | &nbsp;&nbsp; 812462 |
| 4.00%, 04/15/45 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19542 |
| 4.00%, 04/20/45 | &nbsp;&nbsp; 434 | &nbsp;&nbsp; 427122 |
| 4.00%, 05/15/45 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 30574 |
| 4.00%, 05/20/45 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9199 |
| 4.00%, 06/15/45 | &nbsp;&nbsp; 134 | &nbsp;&nbsp; 132045 |
| 4.00%, 06/20/45 | &nbsp;&nbsp; 1422 | &nbsp;&nbsp; 1398583 |
| 4.00%, 07/15/45 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 40685 |
| 4.00%, 07/20/45 | &nbsp;&nbsp; 746 | &nbsp;&nbsp; 733737 |
| 4.00%, 08/15/45 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 19700 |
| 4.00%, 08/20/45 | &nbsp;&nbsp; 549 | &nbsp;&nbsp; 539848 |
| 4.00%, 09/15/45 | &nbsp;&nbsp; 217 | &nbsp;&nbsp; 213378 |
| 4.00%, 09/20/45 | &nbsp;&nbsp; 4909 | &nbsp;&nbsp; 4828921 |
| 4.00%, 10/20/45 | &nbsp;&nbsp; 465 | &nbsp;&nbsp; 457610 |
| 4.00%, 11/15/45 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 25414 |
| 4.00%, 11/20/45 | &nbsp;&nbsp; 3273 | &nbsp;&nbsp; 3219089 |
| 4.00%, 12/20/45 | &nbsp;&nbsp; 189 | &nbsp;&nbsp; 185415 |
| 4.00%, 01/20/46 | &nbsp;&nbsp; 849 | &nbsp;&nbsp; 834860 |
| 4.00%, 03/20/46 | &nbsp;&nbsp; 6471 | &nbsp;&nbsp; 6364852 |
| 4.00%, 04/15/46 | &nbsp;&nbsp; 297 | &nbsp;&nbsp; 291460 |
| 4.00%, 04/20/46 | &nbsp;&nbsp; 3193 | &nbsp;&nbsp; 3140948 |
| 4.00%, 05/15/46 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4331 |
| 4.00%, 05/20/46 | &nbsp;&nbsp; 2137 | &nbsp;&nbsp; 2101864 |
| 4.00%, 06/20/46 | &nbsp;&nbsp; 551 | &nbsp;&nbsp; 540854 |
| 4.00%, 07/20/46 | &nbsp;&nbsp; 764 | &nbsp;&nbsp; 750006 |
| 4.00%, 08/15/46 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 42720 |
| 4.00%, 08/20/46 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 68405 |
| 4.00%, 09/20/46 | &nbsp;&nbsp; 3151 | &nbsp;&nbsp; 3093688 |
| 4.00%, 10/15/46 | &nbsp;&nbsp; 68 | &nbsp;&nbsp; 66729 |
| 4.00%, 11/15/46 | &nbsp;&nbsp; 104 | &nbsp;&nbsp; 102339 |
| 4.00%, 11/20/46 | &nbsp;&nbsp; 2934 | &nbsp;&nbsp; 2880111 |
| 4.00%, 12/15/46 | &nbsp;&nbsp; 983 | &nbsp;&nbsp; 965480 |
| 4.00%, 12/20/46 | &nbsp;&nbsp; 1416 | &nbsp;&nbsp; 1390519 |
| 4.00%, 01/20/47 | &nbsp;&nbsp; 4504 | &nbsp;&nbsp; 4421892 |
| 4.00%, 02/20/47 | &nbsp;&nbsp; 535 | &nbsp;&nbsp; 525328 |
| 4.00%, 03/20/47 | &nbsp;&nbsp; 1225 | &nbsp;&nbsp; 1202651 |
| 4.00%, 04/20/47 | &nbsp;&nbsp; 18744 | &nbsp;&nbsp; 18385421 |
| 4.00%, 05/20/47 | &nbsp;&nbsp; 2367 | &nbsp;&nbsp; 2321935 |
| 4.00%, 06/20/47 | &nbsp;&nbsp; 19430 | &nbsp;&nbsp; 19058413 |
| 4.00%, 07/20/47 | &nbsp;&nbsp; 24166 | &nbsp;&nbsp; 23703321 |
| 4.00%, 08/20/47 | &nbsp;&nbsp; 6084 | &nbsp;&nbsp; 5967280 |
| 4.00%, 09/20/47 | &nbsp;&nbsp; 5266 | &nbsp;&nbsp; 5165522 |
| 4.00%, 10/15/47 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 21161 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 10/20/47 | &nbsp;&nbsp; $780 | &nbsp;&nbsp; $764955 |
| 4.00%, 11/20/47 | &nbsp;&nbsp; 26100 | &nbsp;&nbsp; 25600378 |
| 4.00%, 12/20/47 | &nbsp;&nbsp; 7929 | &nbsp;&nbsp; 7777228 |
| 4.00%, 01/15/48 | &nbsp;&nbsp; 1245 | &nbsp;&nbsp; 1219519 |
| 4.00%, 01/20/48 | &nbsp;&nbsp; 4956 | &nbsp;&nbsp; 4842944 |
| 4.00%, 02/20/48 | &nbsp;&nbsp; 18458 | &nbsp;&nbsp; 18105288 |
| 4.00%, 03/20/48 | &nbsp;&nbsp; 16740 | &nbsp;&nbsp; 16411704 |
| 4.00%, 04/20/48 | &nbsp;&nbsp; 9638 | &nbsp;&nbsp; 9441714 |
| 4.00%, 05/15/48 | &nbsp;&nbsp; 79 | &nbsp;&nbsp; 77995 |
| 4.00%, 05/20/48 | &nbsp;&nbsp; 2230 | &nbsp;&nbsp; 2184302 |
| 4.00%, 06/20/48 | &nbsp;&nbsp; 10290 | &nbsp;&nbsp; 10107211 |
| 4.00%, 07/20/48 | &nbsp;&nbsp; 3658 | &nbsp;&nbsp; 3584917 |
| 4.00%, 08/20/48 | &nbsp;&nbsp; 10437 | &nbsp;&nbsp; 10227238 |
| 4.00%, 09/20/48 | &nbsp;&nbsp; 18953 | &nbsp;&nbsp; 18583523 |
| 4.00%, 10/20/48 | &nbsp;&nbsp; 3220 | &nbsp;&nbsp; 3155677 |
| 4.00%, 11/20/48 | &nbsp;&nbsp; 11465 | &nbsp;&nbsp; 11233181 |
| 4.00%, 12/20/48 | &nbsp;&nbsp; 2971 | &nbsp;&nbsp; 2911233 |
| 4.00%, 02/20/49 | &nbsp;&nbsp; 8407 | &nbsp;&nbsp; 8237736 |
| 4.00%, 03/20/49 | &nbsp;&nbsp; 6958 | &nbsp;&nbsp; 6818165 |
| 4.00%, 04/20/49 | &nbsp;&nbsp; 228 | &nbsp;&nbsp; 223287 |
| 4.00%, 05/20/49 | &nbsp;&nbsp; 3663 | &nbsp;&nbsp; 3583750 |
| 4.00%, 06/20/49 | &nbsp;&nbsp; 3754 | &nbsp;&nbsp; 3670071 |
| 4.00%, 07/20/49 | &nbsp;&nbsp; 3281 | &nbsp;&nbsp; 3201799 |
| 4.00%, 09/15/49 | &nbsp;&nbsp; 63 | &nbsp;&nbsp; 61828 |
| 4.00%, 09/20/49 | &nbsp;&nbsp; 181 | &nbsp;&nbsp; 177353 |
| 4.00%, 10/20/49 | &nbsp;&nbsp; 338 | &nbsp;&nbsp; 330372 |
| 4.00%, 11/20/49 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 24559 |
| 4.00%, 01/20/50 | &nbsp;&nbsp; 18801 | &nbsp;&nbsp; 18394456 |
| 4.00%, 02/20/50 | &nbsp;&nbsp; 8882 | &nbsp;&nbsp; 8689781 |
| 4.00%, 03/20/50 | &nbsp;&nbsp; 270 | &nbsp;&nbsp; 264200 |
| 4.00%, 04/20/50 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6484 |
| 4.00%, 05/20/50 | &nbsp;&nbsp; 2100 | &nbsp;&nbsp; 2054308 |
| 4.00%, 06/20/50 | &nbsp;&nbsp; 1610 | &nbsp;&nbsp; 1575405 |
| 4.00%, 07/20/50 | &nbsp;&nbsp; 4519 | &nbsp;&nbsp; 4421566 |
| 4.00%, 08/20/50 | &nbsp;&nbsp; 2141 | &nbsp;&nbsp; 2094559 |
| 4.00%, 10/20/50 | &nbsp;&nbsp; 1993 | &nbsp;&nbsp; 1950969 |
| 4.00%, 11/20/50 | &nbsp;&nbsp; 390 | &nbsp;&nbsp; 381887 |
| 4.00%, 12/20/50 | &nbsp;&nbsp; 1051 | &nbsp;&nbsp; 1028283 |
| 4.00%, 01/20/51 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 42031 |
| 4.00%, 04/20/52 | &nbsp;&nbsp; 732 | &nbsp;&nbsp; 711347 |
| 4.00%, 06/20/52 | &nbsp;&nbsp; 7363 | &nbsp;&nbsp; 7155833 |
| 4.00%, 07/20/52 | &nbsp;&nbsp; 9509 | &nbsp;&nbsp; 9242202 |
| 4.00%, 08/20/52 | &nbsp;&nbsp; 15532 | &nbsp;&nbsp; 15096062 |
| 4.00%, 09/20/52 | &nbsp;&nbsp; 49311 | &nbsp;&nbsp; 47925344 |
| 4.00%, 10/20/52 | &nbsp;&nbsp; 48808 | &nbsp;&nbsp; 47436920 |
| 4.00%, 11/20/52 | &nbsp;&nbsp; 8153 | &nbsp;&nbsp; 7924321 |
| 4.00%, 12/20/52 | &nbsp;&nbsp; 8242 | &nbsp;&nbsp; 8010215 |
| 4.00%, 02/20/53 | &nbsp;&nbsp; 613 | &nbsp;&nbsp; 595632 |
| 4.00%, 03/20/53 | &nbsp;&nbsp; 3209 | &nbsp;&nbsp; 3118531 |
| 4.00%, 05/20/53 | &nbsp;&nbsp; 4157 | &nbsp;&nbsp; 4039775 |
| 4.00%, 06/20/53 | &nbsp;&nbsp; 2324 | &nbsp;&nbsp; 2258245 |
| 4.00%, 07/20/53 | &nbsp;&nbsp; 3290 | &nbsp;&nbsp; 3197383 |
| 4.00%, 08/20/53 | &nbsp;&nbsp; 1450 | &nbsp;&nbsp; 1409178 |
| 4.00%, 10/20/53 | &nbsp;&nbsp; 257 | &nbsp;&nbsp; 249696 |
| 4.00%, 11/20/53 | &nbsp;&nbsp; 16955 | &nbsp;&nbsp; 16484066 |
| 4.00%, 12/20/53 | &nbsp;&nbsp; 430 | &nbsp;&nbsp; 418163 |
| 4.00%, 01/20/54 | &nbsp;&nbsp; 2305 | &nbsp;&nbsp; 2239938 |
| 4.00%, 02/20/54 | &nbsp;&nbsp; 1885 | &nbsp;&nbsp; 1832419 |
| 4.00%, 03/20/54 | &nbsp;&nbsp; 2636 | &nbsp;&nbsp; 2546961 |
| 4.00%, 04/20/54 | &nbsp;&nbsp; 4317 | &nbsp;&nbsp; 4171151 |
| 4.00%, 05/20/54 | &nbsp;&nbsp; 2983 | &nbsp;&nbsp; 2882230 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 08/20/54 | &nbsp;&nbsp; $9230 | &nbsp;&nbsp; $8877795 |
| 4.00%, 09/20/54 | &nbsp;&nbsp; 5204 | &nbsp;&nbsp; 5005443 |
| 4.00%, 10/20/54 | &nbsp;&nbsp; 957 | &nbsp;&nbsp; 920453 |
| 4.00%, 01/20/55 | &nbsp;&nbsp; 7947 | &nbsp;&nbsp; 7643201 |
| 4.00%, 04/20/55 | &nbsp;&nbsp; 469 | &nbsp;&nbsp; 451222 |
| 4.00%, 03/19/56<sup>(c)</sup> | &nbsp;&nbsp; 16525 | &nbsp;&nbsp; 15894960 |
| 4.50%, 04/20/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 54 |
| 4.50%, 07/15/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 660 |
| 4.50%, 08/15/33 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5414 |
| 4.50%, 11/20/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1325 |
| 4.50%, 06/15/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 729 |
| 4.50%, 01/15/35 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 318 |
| 4.50%, 06/20/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9760 |
| 4.50%, 08/15/35 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3080 |
| 4.50%, 03/15/39 | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 58928 |
| 4.50%, 03/20/39 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 22972 |
| 4.50%, 04/15/39 | &nbsp;&nbsp; 187 | &nbsp;&nbsp; 190210 |
| 4.50%, 05/15/39 | &nbsp;&nbsp; 59 | &nbsp;&nbsp; 58319 |
| 4.50%, 06/15/39 | &nbsp;&nbsp; 51 | &nbsp;&nbsp; 53389 |
| 4.50%, 07/15/39 | &nbsp;&nbsp; 204 | &nbsp;&nbsp; 206828 |
| 4.50%, 08/15/39 | &nbsp;&nbsp; 845 | &nbsp;&nbsp; 856052 |
| 4.50%, 09/15/39 | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 27828 |
| 4.50%, 10/15/39 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4431 |
| 4.50%, 11/15/39 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 23891 |
| 4.50%, 11/20/39 | &nbsp;&nbsp; 317 | &nbsp;&nbsp; 321708 |
| 4.50%, 12/15/39 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 43819 |
| 4.50%, 12/20/39 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30596 |
| 4.50%, 01/15/40 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 101581 |
| 4.50%, 01/20/40 | &nbsp;&nbsp; 518 | &nbsp;&nbsp; 525263 |
| 4.50%, 02/15/40 | &nbsp;&nbsp; 84 | &nbsp;&nbsp; 83620 |
| 4.50%, 03/15/40 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 57666 |
| 4.50%, 04/15/40 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 26573 |
| 4.50%, 04/20/40 | &nbsp;&nbsp; 739 | &nbsp;&nbsp; 749734 |
| 4.50%, 05/15/40 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 17839 |
| 4.50%, 05/20/40 | &nbsp;&nbsp; 273 | &nbsp;&nbsp; 277387 |
| 4.50%, 06/15/40 | &nbsp;&nbsp; 1784 | &nbsp;&nbsp; 1809243 |
| 4.50%, 06/20/40 | &nbsp;&nbsp; 5261 | &nbsp;&nbsp; 5338226 |
| 4.50%, 07/15/40 | &nbsp;&nbsp; 650 | &nbsp;&nbsp; 659362 |
| 4.50%, 07/20/40 | &nbsp;&nbsp; 1898 | &nbsp;&nbsp; 1925910 |
| 4.50%, 08/15/40 | &nbsp;&nbsp; 2113 | &nbsp;&nbsp; 2143937 |
| 4.50%, 08/20/40 | &nbsp;&nbsp; 538 | &nbsp;&nbsp; 545987 |
| 4.50%, 09/15/40 | &nbsp;&nbsp; 118 | &nbsp;&nbsp; 119040 |
| 4.50%, 10/15/40 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 50466 |
| 4.50%, 10/20/40 | &nbsp;&nbsp; 2845 | &nbsp;&nbsp; 2887196 |
| 4.50%, 11/20/40 | &nbsp;&nbsp; 857 | &nbsp;&nbsp; 870008 |
| 4.50%, 12/15/40 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10374 |
| 4.50%, 01/15/41 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3189 |
| 4.50%, 01/20/41 | &nbsp;&nbsp; 6365 | &nbsp;&nbsp; 6458584 |
| 4.50%, 02/15/41 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4283 |
| 4.50%, 02/20/41 | &nbsp;&nbsp; 3697 | &nbsp;&nbsp; 3752603 |
| 4.50%, 03/15/41 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 57512 |
| 4.50%, 03/20/41 | &nbsp;&nbsp; 1330 | &nbsp;&nbsp; 1349731 |
| 4.50%, 04/15/41 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15058 |
| 4.50%, 04/20/41 | &nbsp;&nbsp; 7274 | &nbsp;&nbsp; 7382748 |
| 4.50%, 05/15/41 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30441 |
| 4.50%, 05/20/41 | &nbsp;&nbsp; 4025 | &nbsp;&nbsp; 4084707 |
| 4.50%, 06/15/41 | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 37489 |
| 4.50%, 06/20/41 | &nbsp;&nbsp; 5853 | &nbsp;&nbsp; 5939702 |
| 4.50%, 07/15/41 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 24165 |
| 4.50%, 07/20/41 | &nbsp;&nbsp; 4505 | &nbsp;&nbsp; 4573191 |
| 4.50%, 08/15/41 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4687 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 08/20/41 | &nbsp;&nbsp; $69 | &nbsp;&nbsp; $70101 |
| 4.50%, 09/15/41 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12093 |
| 4.50%, 09/20/41 | &nbsp;&nbsp; 969 | &nbsp;&nbsp; 983264 |
| 4.50%, 11/20/41 | &nbsp;&nbsp; 949 | &nbsp;&nbsp; 963549 |
| 4.50%, 12/20/41 | &nbsp;&nbsp; 400 | &nbsp;&nbsp; 405651 |
| 4.50%, 01/20/42 | &nbsp;&nbsp; 3407 | &nbsp;&nbsp; 3458069 |
| 4.50%, 02/20/42 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 38819 |
| 4.50%, 03/20/42 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9431 |
| 4.50%, 04/20/42 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17001 |
| 4.50%, 05/20/42 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12227 |
| 4.50%, 08/20/43 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6654 |
| 4.50%, 09/20/43 | &nbsp;&nbsp; 193 | &nbsp;&nbsp; 195838 |
| 4.50%, 11/20/43 | &nbsp;&nbsp; 365 | &nbsp;&nbsp; 369964 |
| 4.50%, 02/20/44 | &nbsp;&nbsp; 104 | &nbsp;&nbsp; 104836 |
| 4.50%, 03/20/44 | &nbsp;&nbsp; 2085 | &nbsp;&nbsp; 2112093 |
| 4.50%, 04/20/44 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2035 |
| 4.50%, 05/20/44 | &nbsp;&nbsp; 196 | &nbsp;&nbsp; 198558 |
| 4.50%, 06/20/44 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9144 |
| 4.50%, 08/20/44 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13768 |
| 4.50%, 09/20/44 | &nbsp;&nbsp; 2909 | &nbsp;&nbsp; 2943242 |
| 4.50%, 10/20/44 | &nbsp;&nbsp; 164 | &nbsp;&nbsp; 166166 |
| 4.50%, 11/20/44 | &nbsp;&nbsp; 134 | &nbsp;&nbsp; 135584 |
| 4.50%, 02/20/45 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 31286 |
| 4.50%, 03/20/45 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2085 |
| 4.50%, 06/20/45 | &nbsp;&nbsp; 101 | &nbsp;&nbsp; 102250 |
| 4.50%, 09/15/45 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14654 |
| 4.50%, 09/20/45 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5796 |
| 4.50%, 10/15/45 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40858 |
| 4.50%, 10/20/45 | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 47786 |
| 4.50%, 11/20/45 | &nbsp;&nbsp; 4474 | &nbsp;&nbsp; 4526259 |
| 4.50%, 12/20/45 | &nbsp;&nbsp; 112 | &nbsp;&nbsp; 113307 |
| 4.50%, 01/20/46 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 38065 |
| 4.50%, 02/15/46 | &nbsp;&nbsp; 106 | &nbsp;&nbsp; 107241 |
| 4.50%, 02/20/46 | &nbsp;&nbsp; 504 | &nbsp;&nbsp; 509908 |
| 4.50%, 03/20/46 | &nbsp;&nbsp; 7320 | &nbsp;&nbsp; 7405071 |
| 4.50%, 05/20/46 | &nbsp;&nbsp; 91 | &nbsp;&nbsp; 92479 |
| 4.50%, 07/20/46 | &nbsp;&nbsp; 179 | &nbsp;&nbsp; 180742 |
| 4.50%, 08/15/46 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15081 |
| 4.50%, 08/20/46 | &nbsp;&nbsp; 256 | &nbsp;&nbsp; 259491 |
| 4.50%, 09/15/46 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; 56013 |
| 4.50%, 09/20/46 | &nbsp;&nbsp; 1219 | &nbsp;&nbsp; 1237307 |
| 4.50%, 10/15/46 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9791 |
| 4.50%, 10/20/46 | &nbsp;&nbsp; 1327 | &nbsp;&nbsp; 1343663 |
| 4.50%, 11/20/46 | &nbsp;&nbsp; 601 | &nbsp;&nbsp; 608717 |
| 4.50%, 12/20/46 | &nbsp;&nbsp; 108 | &nbsp;&nbsp; 109321 |
| 4.50%, 01/20/47 | &nbsp;&nbsp; 406 | &nbsp;&nbsp; 411042 |
| 4.50%, 02/20/47 | &nbsp;&nbsp; 213 | &nbsp;&nbsp; 215025 |
| 4.50%, 04/20/47 | &nbsp;&nbsp; 291 | &nbsp;&nbsp; 294075 |
| 4.50%, 05/20/47 | &nbsp;&nbsp; 640 | &nbsp;&nbsp; 645568 |
| 4.50%, 06/15/47 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; 56692 |
| 4.50%, 06/20/47 | &nbsp;&nbsp; 702 | &nbsp;&nbsp; 707928 |
| 4.50%, 07/20/47 | &nbsp;&nbsp; 6479 | &nbsp;&nbsp; 6538036 |
| 4.50%, 08/15/47 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 18273 |
| 4.50%, 08/20/47 | &nbsp;&nbsp; 454 | &nbsp;&nbsp; 458297 |
| 4.50%, 09/20/47 | &nbsp;&nbsp; 113 | &nbsp;&nbsp; 113345 |
| 4.50%, 10/20/47 | &nbsp;&nbsp; 1263 | &nbsp;&nbsp; 1269886 |
| 4.50%, 11/20/47 | &nbsp;&nbsp; 123 | &nbsp;&nbsp; 123865 |
| 4.50%, 12/20/47 | &nbsp;&nbsp; 205 | &nbsp;&nbsp; 205902 |
| 4.50%, 01/20/48 | &nbsp;&nbsp; 1613 | &nbsp;&nbsp; 1622034 |
| 4.50%, 02/20/48 | &nbsp;&nbsp; 2533 | &nbsp;&nbsp; 2547528 |
| 4.50%, 03/20/48 | &nbsp;&nbsp; 3103 | &nbsp;&nbsp; 3120671 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 04/20/48 | &nbsp;&nbsp; $10769 | &nbsp;&nbsp; $10829916 |
| 4.50%, 05/20/48 | &nbsp;&nbsp; 402 | &nbsp;&nbsp; 404367 |
| 4.50%, 06/20/48 | &nbsp;&nbsp; 9525 | &nbsp;&nbsp; 9566656 |
| 4.50%, 07/20/48 | &nbsp;&nbsp; 14591 | &nbsp;&nbsp; 14654646 |
| 4.50%, 08/20/48 | &nbsp;&nbsp; 11107 | &nbsp;&nbsp; 11155742 |
| 4.50%, 09/20/48 | &nbsp;&nbsp; 4865 | &nbsp;&nbsp; 4886289 |
| 4.50%, 10/20/48 | &nbsp;&nbsp; 1319 | &nbsp;&nbsp; 1324542 |
| 4.50%, 11/20/48 | &nbsp;&nbsp; 6931 | &nbsp;&nbsp; 6961526 |
| 4.50%, 12/20/48 | &nbsp;&nbsp; 5336 | &nbsp;&nbsp; 5347379 |
| 4.50%, 01/20/49 | &nbsp;&nbsp; 14718 | &nbsp;&nbsp; 14782390 |
| 4.50%, 02/20/49 | &nbsp;&nbsp; 2016 | &nbsp;&nbsp; 2024883 |
| 4.50%, 03/20/49 | &nbsp;&nbsp; 5036 | &nbsp;&nbsp; 5057729 |
| 4.50%, 04/20/49 | &nbsp;&nbsp; 2540 | &nbsp;&nbsp; 2551541 |
| 4.50%, 05/20/49 | &nbsp;&nbsp; 8829 | &nbsp;&nbsp; 8854146 |
| 4.50%, 06/20/49 | &nbsp;&nbsp; 732 | &nbsp;&nbsp; 735087 |
| 4.50%, 08/20/49 | &nbsp;&nbsp; 2845 | &nbsp;&nbsp; 2857734 |
| 4.50%, 09/20/49 | &nbsp;&nbsp; 210 | &nbsp;&nbsp; 210736 |
| 4.50%, 10/20/49 | &nbsp;&nbsp; 413 | &nbsp;&nbsp; 414430 |
| 4.50%, 11/20/49 | &nbsp;&nbsp; 676 | &nbsp;&nbsp; 678617 |
| 4.50%, 12/20/49 | &nbsp;&nbsp; 133 | &nbsp;&nbsp; 133693 |
| 4.50%, 02/20/50 | &nbsp;&nbsp; 6575 | &nbsp;&nbsp; 6603402 |
| 4.50%, 03/20/50 | &nbsp;&nbsp; 2690 | &nbsp;&nbsp; 2701355 |
| 4.50%, 04/20/50 | &nbsp;&nbsp; 2377 | &nbsp;&nbsp; 2387957 |
| 4.50%, 05/20/50 | &nbsp;&nbsp; 1909 | &nbsp;&nbsp; 1917203 |
| 4.50%, 07/20/50 | &nbsp;&nbsp; 297 | &nbsp;&nbsp; 298379 |
| 4.50%, 12/20/50 | &nbsp;&nbsp; 122 | &nbsp;&nbsp; 122667 |
| 4.50%, 03/20/51 | &nbsp;&nbsp; 1559 | &nbsp;&nbsp; 1565561 |
| 4.50%, 04/20/51 | &nbsp;&nbsp; 1648 | &nbsp;&nbsp; 1654951 |
| 4.50%, 05/20/51 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 39761 |
| 4.50%, 06/20/51 | &nbsp;&nbsp; 1989 | &nbsp;&nbsp; 2000263 |
| 4.50%, 12/20/51 | &nbsp;&nbsp; 3333 | &nbsp;&nbsp; 3347769 |
| 4.50%, 02/20/52 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15405 |
| 4.50%, 05/20/52 | &nbsp;&nbsp; 5496 | &nbsp;&nbsp; 5483683 |
| 4.50%, 07/20/52 | &nbsp;&nbsp; 15394 | &nbsp;&nbsp; 15353631 |
| 4.50%, 08/20/52 | &nbsp;&nbsp; 35638 | &nbsp;&nbsp; 35539455 |
| 4.50%, 09/20/52 | &nbsp;&nbsp; 9244 | &nbsp;&nbsp; 9216781 |
| 4.50%, 10/20/52 | &nbsp;&nbsp; 7754 | &nbsp;&nbsp; 7730538 |
| 4.50%, 11/20/52 | &nbsp;&nbsp; 4578 | &nbsp;&nbsp; 4564186 |
| 4.50%, 03/20/53 | &nbsp;&nbsp; 39388 | &nbsp;&nbsp; 39247837 |
| 4.50%, 04/20/53 | &nbsp;&nbsp; 37452 | &nbsp;&nbsp; 37226619 |
| 4.50%, 05/20/53 | &nbsp;&nbsp; 21267 | &nbsp;&nbsp; 21134243 |
| 4.50%, 06/20/53 | &nbsp;&nbsp; 9189 | &nbsp;&nbsp; 9129444 |
| 4.50%, 07/20/53 | &nbsp;&nbsp; 15288 | &nbsp;&nbsp; 15185118 |
| 4.50%, 02/20/54 | &nbsp;&nbsp; 21617 | &nbsp;&nbsp; 21442218 |
| 4.50%, 03/20/54 | &nbsp;&nbsp; 7603 | &nbsp;&nbsp; 7530187 |
| 4.50%, 04/20/54 | &nbsp;&nbsp; 22833 | &nbsp;&nbsp; 22611278 |
| 4.50%, 05/20/54 | &nbsp;&nbsp; 4706 | &nbsp;&nbsp; 4659695 |
| 4.50%, 06/20/54 | &nbsp;&nbsp; 3915 | &nbsp;&nbsp; 3876232 |
| 4.50%, 07/20/54 | &nbsp;&nbsp; 34030 | &nbsp;&nbsp; 33688158 |
| 4.50%, 08/20/54 | &nbsp;&nbsp; 23880 | &nbsp;&nbsp; 23632998 |
| 4.50%, 10/20/54 | &nbsp;&nbsp; 30175 | &nbsp;&nbsp; 29878476 |
| 4.50%, 11/20/54 | &nbsp;&nbsp; 60299 | &nbsp;&nbsp; 59686773 |
| 4.50%, 12/20/54 | &nbsp;&nbsp; 23982 | &nbsp;&nbsp; 23719436 |
| 4.50%, 01/20/55 | &nbsp;&nbsp; 9624 | &nbsp;&nbsp; 9516811 |
| 4.50%, 02/20/55 | &nbsp;&nbsp; 8932 | &nbsp;&nbsp; 8831155 |
| 4.50%, 03/19/56<sup>(c)</sup> | &nbsp;&nbsp; 113307 | &nbsp;&nbsp; 111970332 |
| 5.00%, 03/15/33 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1986 |
| 5.00%, 05/20/33 | &nbsp;&nbsp; 83 | &nbsp;&nbsp; 84697 |
| 5.00%, 06/15/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2889 |
| 5.00%, 07/15/33 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10364 |
| 5.00%, 07/20/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 593 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 08/15/33 | &nbsp;&nbsp; $35 | &nbsp;&nbsp; $35912 |
| 5.00%, 09/15/33 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20519 |
| 5.00%, 10/15/33 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14218 |
| 5.00%, 01/15/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 487 |
| 5.00%, 01/20/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 782 |
| 5.00%, 02/15/34 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15035 |
| 5.00%, 04/15/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1308 |
| 5.00%, 05/15/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1019 |
| 5.00%, 05/20/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 440 |
| 5.00%, 06/15/34 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 15180 |
| 5.00%, 07/15/34 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8584 |
| 5.00%, 12/15/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1148 |
| 5.00%, 01/15/35 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4477 |
| 5.00%, 03/15/35 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 314 |
| 5.00%, 05/15/35 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 876 |
| 5.00%, 07/20/35 | &nbsp;&nbsp; 395 | &nbsp;&nbsp; 406520 |
| 5.00%, 08/15/35 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11872 |
| 5.00%, 09/15/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4542 |
| 5.00%, 10/15/35 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 33717 |
| 5.00%, 11/15/35 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6802 |
| 5.00%, 12/15/35 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6653 |
| 5.00%, 04/20/36 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15614 |
| 5.00%, 09/15/36 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10887 |
| 5.00%, 12/15/36 | &nbsp;&nbsp; 1516 | &nbsp;&nbsp; 1558521 |
| 5.00%, 04/20/37 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 429 |
| 5.00%, 12/15/37 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1799 |
| 5.00%, 01/15/38 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 124 |
| 5.00%, 02/15/38 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 212 |
| 5.00%, 03/15/38 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 469 |
| 5.00%, 03/20/38 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3157 |
| 5.00%, 04/15/38 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8434 |
| 5.00%, 04/20/38 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 82420 |
| 5.00%, 05/15/38 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 53554 |
| 5.00%, 05/20/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 990 |
| 5.00%, 06/15/38 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 19880 |
| 5.00%, 06/20/38 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8497 |
| 5.00%, 07/15/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1835 |
| 5.00%, 08/15/38 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21810 |
| 5.00%, 08/20/38 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6920 |
| 5.00%, 10/15/38 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8765 |
| 5.00%, 10/20/38 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8741 |
| 5.00%, 12/15/38 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4460 |
| 5.00%, 01/15/39 | &nbsp;&nbsp; 699 | &nbsp;&nbsp; 722574 |
| 5.00%, 02/15/39 | &nbsp;&nbsp; 198 | &nbsp;&nbsp; 204941 |
| 5.00%, 03/15/39 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 45277 |
| 5.00%, 04/15/39 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 27982 |
| 5.00%, 05/15/39 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10113 |
| 5.00%, 05/20/39 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3874 |
| 5.00%, 06/15/39 | &nbsp;&nbsp; 49 | &nbsp;&nbsp; 50820 |
| 5.00%, 06/20/39 | &nbsp;&nbsp; 2005 | &nbsp;&nbsp; 2071159 |
| 5.00%, 07/15/39 | &nbsp;&nbsp; 1581 | &nbsp;&nbsp; 1635723 |
| 5.00%, 07/20/39 | &nbsp;&nbsp; 507 | &nbsp;&nbsp; 523737 |
| 5.00%, 08/15/39 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 54943 |
| 5.00%, 09/15/39 | &nbsp;&nbsp; 198 | &nbsp;&nbsp; 205042 |
| 5.00%, 10/15/39 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 24394 |
| 5.00%, 10/20/39 | &nbsp;&nbsp; 589 | &nbsp;&nbsp; 608783 |
| 5.00%, 11/15/39 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 33060 |
| 5.00%, 11/20/39 | &nbsp;&nbsp; 92 | &nbsp;&nbsp; 95403 |
| 5.00%, 12/15/39 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10777 |
| 5.00%, 02/15/40 | &nbsp;&nbsp; 186 | &nbsp;&nbsp; 192315 |
| 5.00%, 03/15/40 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21610 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 03/20/40 | &nbsp;&nbsp; $2 | &nbsp;&nbsp; $2280 |
| 5.00%, 04/15/40 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8347 |
| 5.00%, 05/15/40 | &nbsp;&nbsp; 373 | &nbsp;&nbsp; 386954 |
| 5.00%, 05/20/40 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7125 |
| 5.00%, 06/15/40 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 77037 |
| 5.00%, 06/20/40 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19475 |
| 5.00%, 07/15/40 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 23952 |
| 5.00%, 07/20/40 | &nbsp;&nbsp; 1869 | &nbsp;&nbsp; 1930028 |
| 5.00%, 08/15/40 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7736 |
| 5.00%, 08/20/40 | &nbsp;&nbsp; 596 | &nbsp;&nbsp; 615309 |
| 5.00%, 12/15/40 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 45053 |
| 5.00%, 01/20/41 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 38806 |
| 5.00%, 02/20/41 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 16753 |
| 5.00%, 04/15/41 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7580 |
| 5.00%, 04/20/41 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 790 |
| 5.00%, 05/20/41 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 25252 |
| 5.00%, 06/20/41 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4877 |
| 5.00%, 07/20/41 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6064 |
| 5.00%, 09/20/41 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8786 |
| 5.00%, 10/20/41 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5151 |
| 5.00%, 11/20/41 | &nbsp;&nbsp; 1734 | &nbsp;&nbsp; 1791532 |
| 5.00%, 12/20/41 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11872 |
| 5.00%, 02/20/42 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 51491 |
| 5.00%, 03/20/42 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9990 |
| 5.00%, 07/20/42 | &nbsp;&nbsp; 324 | &nbsp;&nbsp; 334128 |
| 5.00%, 08/20/42 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14497 |
| 5.00%, 10/20/42 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 983 |
| 5.00%, 01/20/43 | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 80346 |
| 5.00%, 04/20/43 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 22173 |
| 5.00%, 05/20/43 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14183 |
| 5.00%, 11/20/43 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 49794 |
| 5.00%, 01/20/44 | &nbsp;&nbsp; 67 | &nbsp;&nbsp; 68703 |
| 5.00%, 03/15/44 | &nbsp;&nbsp; 1301 | &nbsp;&nbsp; 1347347 |
| 5.00%, 05/20/44 | &nbsp;&nbsp; 147 | &nbsp;&nbsp; 151416 |
| 5.00%, 06/20/44 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21320 |
| 5.00%, 07/20/44 | &nbsp;&nbsp; 114 | &nbsp;&nbsp; 117667 |
| 5.00%, 08/20/44 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 58653 |
| 5.00%, 12/20/44 | &nbsp;&nbsp; 334 | &nbsp;&nbsp; 345203 |
| 5.00%, 04/20/45 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 77213 |
| 5.00%, 06/20/45 | &nbsp;&nbsp; 364 | &nbsp;&nbsp; 376484 |
| 5.00%, 07/20/45 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1891 |
| 5.00%, 08/20/45 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10564 |
| 5.00%, 09/20/45 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7539 |
| 5.00%, 10/20/45 | &nbsp;&nbsp; 164 | &nbsp;&nbsp; 168926 |
| 5.00%, 11/20/45 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3506 |
| 5.00%, 02/20/46 | &nbsp;&nbsp; 390 | &nbsp;&nbsp; 402914 |
| 5.00%, 03/20/46 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5619 |
| 5.00%, 04/20/46 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 67591 |
| 5.00%, 05/20/46 | &nbsp;&nbsp; 49 | &nbsp;&nbsp; 50280 |
| 5.00%, 07/20/46 | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 135506 |
| 5.00%, 08/20/46 | &nbsp;&nbsp; 863 | &nbsp;&nbsp; 891691 |
| 5.00%, 10/20/46 | &nbsp;&nbsp; 1564 | &nbsp;&nbsp; 1615057 |
| 5.00%, 11/20/46 | &nbsp;&nbsp; 709 | &nbsp;&nbsp; 732842 |
| 5.00%, 01/20/47 | &nbsp;&nbsp; 1812 | &nbsp;&nbsp; 1871342 |
| 5.00%, 02/20/47 | &nbsp;&nbsp; 1306 | &nbsp;&nbsp; 1348265 |
| 5.00%, 03/20/47 | &nbsp;&nbsp; 1522 | &nbsp;&nbsp; 1572564 |
| 5.00%, 04/20/47 | &nbsp;&nbsp; 367 | &nbsp;&nbsp; 379151 |
| 5.00%, 05/20/47 | &nbsp;&nbsp; 593 | &nbsp;&nbsp; 609487 |
| 5.00%, 06/20/47 | &nbsp;&nbsp; 114 | &nbsp;&nbsp; 117102 |
| 5.00%, 07/15/47 | &nbsp;&nbsp; 259 | &nbsp;&nbsp; 264289 |
| 5.00%, 07/20/47 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26078 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 08/15/47 | &nbsp;&nbsp; $136 | &nbsp;&nbsp; $139111 |
| 5.00%, 08/20/47 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 61356 |
| 5.00%, 09/20/47 | &nbsp;&nbsp; 222 | &nbsp;&nbsp; 228267 |
| 5.00%, 10/20/47 | &nbsp;&nbsp; 1231 | &nbsp;&nbsp; 1265690 |
| 5.00%, 11/20/47 | &nbsp;&nbsp; 276 | &nbsp;&nbsp; 283642 |
| 5.00%, 12/20/47 | &nbsp;&nbsp; 337 | &nbsp;&nbsp; 345801 |
| 5.00%, 01/20/48 | &nbsp;&nbsp; 244 | &nbsp;&nbsp; 249678 |
| 5.00%, 02/20/48 | &nbsp;&nbsp; 2021 | &nbsp;&nbsp; 2070122 |
| 5.00%, 03/20/48 | &nbsp;&nbsp; 3866 | &nbsp;&nbsp; 3961287 |
| 5.00%, 04/20/48 | &nbsp;&nbsp; 1942 | &nbsp;&nbsp; 1990088 |
| 5.00%, 05/20/48 | &nbsp;&nbsp; 1357 | &nbsp;&nbsp; 1384232 |
| 5.00%, 06/20/48 | &nbsp;&nbsp; 283 | &nbsp;&nbsp; 289053 |
| 5.00%, 08/20/48 | &nbsp;&nbsp; 2928 | &nbsp;&nbsp; 2986117 |
| 5.00%, 09/20/48 | &nbsp;&nbsp; 834 | &nbsp;&nbsp; 850146 |
| 5.00%, 10/20/48 | &nbsp;&nbsp; 3598 | &nbsp;&nbsp; 3669535 |
| 5.00%, 11/20/48 | &nbsp;&nbsp; 4727 | &nbsp;&nbsp; 4817231 |
| 5.00%, 12/20/48 | &nbsp;&nbsp; 1560 | &nbsp;&nbsp; 1588364 |
| 5.00%, 01/20/49 | &nbsp;&nbsp; 9596 | &nbsp;&nbsp; 9786394 |
| 5.00%, 02/20/49 | &nbsp;&nbsp; 626 | &nbsp;&nbsp; 638656 |
| 5.00%, 03/20/49 | &nbsp;&nbsp; 6946 | &nbsp;&nbsp; 7083993 |
| 5.00%, 04/20/49 | &nbsp;&nbsp; 3884 | &nbsp;&nbsp; 3960703 |
| 5.00%, 05/20/49 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3348 |
| 5.00%, 06/20/49 | &nbsp;&nbsp; 1111 | &nbsp;&nbsp; 1133244 |
| 5.00%, 07/20/49 | &nbsp;&nbsp; 865 | &nbsp;&nbsp; 882220 |
| 5.00%, 08/20/49 | &nbsp;&nbsp; 456 | &nbsp;&nbsp; 464787 |
| 5.00%, 09/20/49 | &nbsp;&nbsp; 3385 | &nbsp;&nbsp; 3453710 |
| 5.00%, 10/20/49 | &nbsp;&nbsp; 1712 | &nbsp;&nbsp; 1754299 |
| 5.00%, 11/20/49 | &nbsp;&nbsp; 3935 | &nbsp;&nbsp; 4013947 |
| 5.00%, 12/20/49 | &nbsp;&nbsp; 522 | &nbsp;&nbsp; 532847 |
| 5.00%, 02/20/50 | &nbsp;&nbsp; 418 | &nbsp;&nbsp; 428688 |
| 5.00%, 04/20/50 | &nbsp;&nbsp; 761 | &nbsp;&nbsp; 779307 |
| 5.00%, 05/20/50 | &nbsp;&nbsp; 1326 | &nbsp;&nbsp; 1361695 |
| 5.00%, 06/20/50 | &nbsp;&nbsp; 154 | &nbsp;&nbsp; 157041 |
| 5.00%, 07/20/51 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40897 |
| 5.00%, 08/20/51 | &nbsp;&nbsp; 674 | &nbsp;&nbsp; 687465 |
| 5.00%, 09/20/51 | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 28095 |
| 5.00%, 10/20/51 | &nbsp;&nbsp; 5161 | &nbsp;&nbsp; 5218253 |
| 5.00%, 11/20/51 | &nbsp;&nbsp; 3319 | &nbsp;&nbsp; 3355820 |
| 5.00%, 01/20/52 | &nbsp;&nbsp; 115 | &nbsp;&nbsp; 116562 |
| 5.00%, 07/20/52 | &nbsp;&nbsp; 3076 | &nbsp;&nbsp; 3107687 |
| 5.00%, 09/20/52 | &nbsp;&nbsp; 17565 | &nbsp;&nbsp; 17739738 |
| 5.00%, 10/20/52 | &nbsp;&nbsp; 896 | &nbsp;&nbsp; 904730 |
| 5.00%, 12/20/52 | &nbsp;&nbsp; 13341 | &nbsp;&nbsp; 13470418 |
| 5.00%, 01/20/53 | &nbsp;&nbsp; 16108 | &nbsp;&nbsp; 16261748 |
| 5.00%, 02/20/53 | &nbsp;&nbsp; 6460 | &nbsp;&nbsp; 6520731 |
| 5.00%, 03/20/53 | &nbsp;&nbsp; 971 | &nbsp;&nbsp; 979206 |
| 5.00%, 04/20/53 | &nbsp;&nbsp; 24445 | &nbsp;&nbsp; 24659541 |
| 5.00%, 05/20/53 | &nbsp;&nbsp; 59032 | &nbsp;&nbsp; 59592816 |
| 5.00%, 06/20/53 | &nbsp;&nbsp; 6630 | &nbsp;&nbsp; 6686267 |
| 5.00%, 07/20/53 | &nbsp;&nbsp; 63491 | &nbsp;&nbsp; 64017667 |
| 5.00%, 08/20/53 | &nbsp;&nbsp; 4105 | &nbsp;&nbsp; 4139133 |
| 5.00%, 09/20/53 | &nbsp;&nbsp; 39844 | &nbsp;&nbsp; 40164749 |
| 5.00%, 10/20/53 | &nbsp;&nbsp; 1244 | &nbsp;&nbsp; 1253539 |
| 5.00%, 11/20/53 | &nbsp;&nbsp; 51099 | &nbsp;&nbsp; 51503717 |
| 5.00%, 12/20/53 | &nbsp;&nbsp; 206 | &nbsp;&nbsp; 207330 |
| 5.00%, 01/20/54 | &nbsp;&nbsp; 520 | &nbsp;&nbsp; 524325 |
| 5.00%, 02/20/54 | &nbsp;&nbsp; 2672 | &nbsp;&nbsp; 2691885 |
| 5.00%, 03/20/54 | &nbsp;&nbsp; 412 | &nbsp;&nbsp; 415234 |
| 5.00%, 04/20/54 | &nbsp;&nbsp; 268 | &nbsp;&nbsp; 269803 |
| 5.00%, 05/20/54 | &nbsp;&nbsp; 5164 | &nbsp;&nbsp; 5193604 |
| 5.00%, 06/20/54 | &nbsp;&nbsp; 53496 | &nbsp;&nbsp; 53831497 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 09/20/54 | &nbsp;&nbsp; $35796 | &nbsp;&nbsp; $35972397 |
| 5.00%, 10/20/54 | &nbsp;&nbsp; 68920 | &nbsp;&nbsp; 69247551 |
| 5.00%, 11/20/54 | &nbsp;&nbsp; 167612 | &nbsp;&nbsp; 168453697 |
| 5.00%, 12/20/54 | &nbsp;&nbsp; 80229 | &nbsp;&nbsp; 80607537 |
| 5.00%, 01/20/55 | &nbsp;&nbsp; 9204 | &nbsp;&nbsp; 9244685 |
| 5.00%, 03/20/55 | &nbsp;&nbsp; 4746 | &nbsp;&nbsp; 4764558 |
| 5.00%, 04/20/55 | &nbsp;&nbsp; 1253 | &nbsp;&nbsp; 1257459 |
| 5.00%, 05/20/55 | &nbsp;&nbsp; 21138 | &nbsp;&nbsp; 21219426 |
| 5.00%, 06/20/55 | &nbsp;&nbsp; 21998 | &nbsp;&nbsp; 22082786 |
| 5.00%, 01/20/56 | &nbsp;&nbsp; 9983 | &nbsp;&nbsp; 10021837 |
| 5.00%, 03/19/56<sup>(c)</sup> | &nbsp;&nbsp; 338587 | &nbsp;&nbsp; 339735755 |
| 5.50%, 12/15/31 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7938 |
| 5.50%, 05/20/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 156 |
| 5.50%, 10/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 839 |
| 5.50%, 11/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 859 |
| 5.50%, 01/15/33 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4145 |
| 5.50%, 02/15/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4645 |
| 5.50%, 03/15/33 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6191 |
| 5.50%, 04/15/33 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 18338 |
| 5.50%, 05/15/33 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11341 |
| 5.50%, 06/15/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1205 |
| 5.50%, 07/15/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3447 |
| 5.50%, 08/15/33 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 18338 |
| 5.50%, 09/15/33 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5839 |
| 5.50%, 10/15/33 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2308 |
| 5.50%, 11/15/33 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 25582 |
| 5.50%, 12/15/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4591 |
| 5.50%, 01/15/34 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 16959 |
| 5.50%, 02/15/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 51 |
| 5.50%, 03/15/34 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6223 |
| 5.50%, 04/15/34 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8870 |
| 5.50%, 05/15/34 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21260 |
| 5.50%, 06/15/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10863 |
| 5.50%, 07/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4969 |
| 5.50%, 10/15/34 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2980 |
| 5.50%, 11/15/34 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4574 |
| 5.50%, 11/20/34 | &nbsp;&nbsp; 488 | &nbsp;&nbsp; 510016 |
| 5.50%, 12/15/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2392 |
| 5.50%, 02/15/35 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11659 |
| 5.50%, 03/15/35 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8654 |
| 5.50%, 04/15/35 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9477 |
| 5.50%, 05/15/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4971 |
| 5.50%, 06/15/35 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 13017 |
| 5.50%, 07/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10873 |
| 5.50%, 08/15/35 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3457 |
| 5.50%, 09/15/35 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10920 |
| 5.50%, 10/15/35 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5939 |
| 5.50%, 11/15/35 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2351 |
| 5.50%, 12/15/35 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7795 |
| 5.50%, 01/15/36 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3416 |
| 5.50%, 02/15/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 984 |
| 5.50%, 03/15/36 | &nbsp;&nbsp; 389 | &nbsp;&nbsp; 405250 |
| 5.50%, 03/20/36 | &nbsp;&nbsp; 105 | &nbsp;&nbsp; 109945 |
| 5.50%, 04/15/36 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2287 |
| 5.50%, 06/20/36 | &nbsp;&nbsp; 219 | &nbsp;&nbsp; 228881 |
| 5.50%, 07/15/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 370 |
| 5.50%, 07/20/36 | &nbsp;&nbsp; 158 | &nbsp;&nbsp; 165324 |
| 5.50%, 11/20/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 297 |
| 5.50%, 12/15/36 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3299 |
| 5.50%, 01/15/37 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 181 |
| 5.50%, 03/15/37 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 31847 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 04/15/37 | &nbsp;&nbsp; $9 | &nbsp;&nbsp; $9329 |
| 5.50%, 05/15/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 991 |
| 5.50%, 07/15/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1538 |
| 5.50%, 01/15/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 602 |
| 5.50%, 01/20/38 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 508 |
| 5.50%, 02/15/38 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6961 |
| 5.50%, 03/15/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2253 |
| 5.50%, 05/15/38 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6985 |
| 5.50%, 06/15/38 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 56529 |
| 5.50%, 06/20/38 | &nbsp;&nbsp; 590 | &nbsp;&nbsp; 618261 |
| 5.50%, 07/15/38 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17395 |
| 5.50%, 07/20/38 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7127 |
| 5.50%, 08/15/38 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 21670 |
| 5.50%, 09/15/38 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7756 |
| 5.50%, 09/20/38 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4730 |
| 5.50%, 10/15/38 | &nbsp;&nbsp; 343 | &nbsp;&nbsp; 359564 |
| 5.50%, 10/20/38 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20458 |
| 5.50%, 11/15/38 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11634 |
| 5.50%, 11/20/38 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 390 |
| 5.50%, 12/15/38 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 7007 |
| 5.50%, 12/20/38 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 16862 |
| 5.50%, 01/15/39 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11769 |
| 5.50%, 01/20/39 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7461 |
| 5.50%, 02/15/39 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3156 |
| 5.50%, 02/20/39 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 31005 |
| 5.50%, 03/20/39 | &nbsp;&nbsp; 439 | &nbsp;&nbsp; 460645 |
| 5.50%, 04/15/39 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5681 |
| 5.50%, 05/15/39 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1050 |
| 5.50%, 11/15/39 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2467 |
| 5.50%, 12/15/39 | &nbsp;&nbsp; 102 | &nbsp;&nbsp; 107069 |
| 5.50%, 01/15/40 | &nbsp;&nbsp; 1003 | &nbsp;&nbsp; 1057787 |
| 5.50%, 01/20/40 | &nbsp;&nbsp; 196 | &nbsp;&nbsp; 205999 |
| 5.50%, 03/15/40 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13485 |
| 5.50%, 04/15/40 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 23547 |
| 5.50%, 07/20/40 | &nbsp;&nbsp; 978 | &nbsp;&nbsp; 1025406 |
| 5.50%, 11/15/40 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11391 |
| 5.50%, 12/20/40 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4963 |
| 5.50%, 04/20/41 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 16939 |
| 5.50%, 10/20/41 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13221 |
| 5.50%, 11/20/41 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12519 |
| 5.50%, 01/20/42 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3343 |
| 5.50%, 02/20/42 | &nbsp;&nbsp; 185 | &nbsp;&nbsp; 193349 |
| 5.50%, 07/20/42 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3479 |
| 5.50%, 11/20/42 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 22790 |
| 5.50%, 06/20/43 | &nbsp;&nbsp; 63 | &nbsp;&nbsp; 66104 |
| 5.50%, 07/20/43 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12705 |
| 5.50%, 04/20/44 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 23529 |
| 5.50%, 08/20/44 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 22998 |
| 5.50%, 01/20/47 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14560 |
| 5.50%, 02/20/47 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 16692 |
| 5.50%, 10/20/47 | &nbsp;&nbsp; 180 | &nbsp;&nbsp; 188447 |
| 5.50%, 03/20/48 | &nbsp;&nbsp; 106 | &nbsp;&nbsp; 110562 |
| 5.50%, 04/20/48 | &nbsp;&nbsp; 49 | &nbsp;&nbsp; 51513 |
| 5.50%, 05/20/48 | &nbsp;&nbsp; 183 | &nbsp;&nbsp; 188912 |
| 5.50%, 06/20/48 | &nbsp;&nbsp; 139 | &nbsp;&nbsp; 143499 |
| 5.50%, 11/20/48 | &nbsp;&nbsp; 1818 | &nbsp;&nbsp; 1871735 |
| 5.50%, 12/20/48 | &nbsp;&nbsp; 253 | &nbsp;&nbsp; 260124 |
| 5.50%, 01/20/49 | &nbsp;&nbsp; 1730 | &nbsp;&nbsp; 1781785 |
| 5.50%, 02/20/49 | &nbsp;&nbsp; 76 | &nbsp;&nbsp; 78184 |
| 5.50%, 03/20/49 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20073 |
| 5.50%, 05/20/49 | &nbsp;&nbsp; 2404 | &nbsp;&nbsp; 2474968 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 03/20/52 | &nbsp;&nbsp; $1085 | &nbsp;&nbsp; $1115805 |
| 5.50%, 05/20/52 | &nbsp;&nbsp; 276 | &nbsp;&nbsp; 282677 |
| 5.50%, 06/20/52 | &nbsp;&nbsp; 221 | &nbsp;&nbsp; 226204 |
| 5.50%, 08/20/52 | &nbsp;&nbsp; 647 | &nbsp;&nbsp; 660771 |
| 5.50%, 10/20/52 | &nbsp;&nbsp; 1739 | &nbsp;&nbsp; 1778974 |
| 5.50%, 11/20/52 | &nbsp;&nbsp; 2169 | &nbsp;&nbsp; 2219473 |
| 5.50%, 12/20/52 | &nbsp;&nbsp; 49032 | &nbsp;&nbsp; 50157502 |
| 5.50%, 01/20/53 | &nbsp;&nbsp; 34962 | &nbsp;&nbsp; 35760140 |
| 5.50%, 02/20/53 | &nbsp;&nbsp; 1608 | &nbsp;&nbsp; 1645072 |
| 5.50%, 04/20/53 | &nbsp;&nbsp; 8469 | &nbsp;&nbsp; 8660530 |
| 5.50%, 05/20/53 | &nbsp;&nbsp; 14769 | &nbsp;&nbsp; 15099456 |
| 5.50%, 06/20/53 | &nbsp;&nbsp; 7361 | &nbsp;&nbsp; 7516411 |
| 5.50%, 07/20/53 | &nbsp;&nbsp; 25894 | &nbsp;&nbsp; 26512735 |
| 5.50%, 08/20/53 | &nbsp;&nbsp; 322 | &nbsp;&nbsp; 328337 |
| 5.50%, 09/20/53 | &nbsp;&nbsp; 128070 | &nbsp;&nbsp; 130718960 |
| 5.50%, 10/20/53 | &nbsp;&nbsp; 37582 | &nbsp;&nbsp; 38354707 |
| 5.50%, 11/20/53 | &nbsp;&nbsp; 11954 | &nbsp;&nbsp; 12199324 |
| 5.50%, 12/20/53 | &nbsp;&nbsp; 2337 | &nbsp;&nbsp; 2384871 |
| 5.50%, 01/20/54 | &nbsp;&nbsp; 373 | &nbsp;&nbsp; 380616 |
| 5.50%, 02/20/54 | &nbsp;&nbsp; 3388 | &nbsp;&nbsp; 3455994 |
| 5.50%, 03/20/54 | &nbsp;&nbsp; 2189 | &nbsp;&nbsp; 2228030 |
| 5.50%, 04/20/54 | &nbsp;&nbsp; 29141 | &nbsp;&nbsp; 29657856 |
| 5.50%, 05/20/54 | &nbsp;&nbsp; 15786 | &nbsp;&nbsp; 16064490 |
| 5.50%, 07/20/54 | &nbsp;&nbsp; 5538 | &nbsp;&nbsp; 5633802 |
| 5.50%, 08/20/54 | &nbsp;&nbsp; 24854 | &nbsp;&nbsp; 25282947 |
| 5.50%, 09/20/54 | &nbsp;&nbsp; 7696 | &nbsp;&nbsp; 7820518 |
| 5.50%, 10/20/54 | &nbsp;&nbsp; 107350 | &nbsp;&nbsp; 109076526 |
| 5.50%, 11/20/54 | &nbsp;&nbsp; 59666 | &nbsp;&nbsp; 60619836 |
| 5.50%, 12/20/54 | &nbsp;&nbsp; 8187 | &nbsp;&nbsp; 8316954 |
| 5.50%, 01/20/55 | &nbsp;&nbsp; 7714 | &nbsp;&nbsp; 7835346 |
| 5.50%, 02/20/55 | &nbsp;&nbsp; 44255 | &nbsp;&nbsp; 44921398 |
| 5.50%, 06/20/55 | &nbsp;&nbsp; 28546 | &nbsp;&nbsp; 28938341 |
| 5.50%, 07/20/55 | &nbsp;&nbsp; 10071 | &nbsp;&nbsp; 10202418 |
| 5.50%, 09/20/55 | &nbsp;&nbsp; 9857 | &nbsp;&nbsp; 9996894 |
| 5.50%, 11/20/55 | &nbsp;&nbsp; 42950 | &nbsp;&nbsp; 43574016 |
| 5.50%, 12/20/55 | &nbsp;&nbsp; 9554 | &nbsp;&nbsp; 9700070 |
| 5.50%, 01/20/56 | &nbsp;&nbsp; 11277 | &nbsp;&nbsp; 11455136 |
| 5.50%, 02/20/56 | &nbsp;&nbsp; 27606 | &nbsp;&nbsp; 28024611 |
| 5.50%, 03/19/56<sup>(c)</sup> | &nbsp;&nbsp; 407683 | &nbsp;&nbsp; 412885614 |
| 6.00%, 04/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 6 |
| 6.00%, 05/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 11 |
| 6.00%, 04/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 71 |
| 6.00%, 05/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 373 |
| 6.00%, 07/20/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 28 |
| 6.00%, 09/20/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 74 |
| 6.00%, 12/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 49 |
| 6.00%, 01/15/29 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2337 |
| 6.00%, 02/15/29 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10834 |
| 6.00%, 03/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 89 |
| 6.00%, 04/15/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 869 |
| 6.00%, 05/15/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1245 |
| 6.00%, 05/20/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 210 |
| 6.00%, 06/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 420 |
| 6.00%, 07/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 45 |
| 6.00%, 08/20/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 51 |
| 6.00%, 06/15/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 185 |
| 6.00%, 10/15/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 729 |
| 6.00%, 12/15/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1310 |
| 6.00%, 01/15/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 107 |
| 6.00%, 02/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1827 |
| 6.00%, 03/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1318 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.00%, 04/15/32 | &nbsp;&nbsp; $3 | &nbsp;&nbsp; $2859 |
| 6.00%, 05/15/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 846 |
| 6.00%, 06/15/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 472 |
| 6.00%, 07/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 588 |
| 6.00%, 08/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1612 |
| 6.00%, 09/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 556 |
| 6.00%, 10/15/32 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5158 |
| 6.00%, 12/15/32 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 17355 |
| 6.00%, 01/15/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 537 |
| 6.00%, 02/15/33 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7220 |
| 6.00%, 06/15/33 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10917 |
| 6.00%, 08/15/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1151 |
| 6.00%, 09/15/33 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 22564 |
| 6.00%, 11/15/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1424 |
| 6.00%, 12/15/33 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 30480 |
| 6.00%, 07/15/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5024 |
| 6.00%, 08/15/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2067 |
| 6.00%, 09/15/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 901 |
| 6.00%, 10/15/34 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6646 |
| 6.00%, 09/15/35 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1288 |
| 6.00%, 11/15/35 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1221 |
| 6.00%, 12/15/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5902 |
| 6.00%, 01/15/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 573 |
| 6.00%, 01/20/36 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1808 |
| 6.00%, 04/15/36 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3271 |
| 6.00%, 06/15/36 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6289 |
| 6.00%, 07/15/36 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2529 |
| 6.00%, 08/15/36 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8934 |
| 6.00%, 10/15/36 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1637 |
| 6.00%, 11/15/36 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9467 |
| 6.00%, 01/15/37 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13209 |
| 6.00%, 01/20/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 763 |
| 6.00%, 02/15/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1039 |
| 6.00%, 03/15/37 | &nbsp;&nbsp; 798 | &nbsp;&nbsp; 847505 |
| 6.00%, 04/15/37 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19962 |
| 6.00%, 05/15/37 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 13160 |
| 6.00%, 06/15/37 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2115 |
| 6.00%, 08/15/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1092 |
| 6.00%, 10/20/37 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 14267 |
| 6.00%, 11/15/37 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 195 |
| 6.00%, 11/20/37 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13525 |
| 6.00%, 12/15/37 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3981 |
| 6.00%, 01/15/38 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 12167 |
| 6.00%, 02/15/38 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6586 |
| 6.00%, 03/15/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 847 |
| 6.00%, 05/15/38 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10873 |
| 6.00%, 06/15/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1937 |
| 6.00%, 06/20/38 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9285 |
| 6.00%, 08/15/38 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5663 |
| 6.00%, 09/20/38 | &nbsp;&nbsp; 940 | &nbsp;&nbsp; 1002431 |
| 6.00%, 10/15/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 881 |
| 6.00%, 11/15/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2624 |
| 6.00%, 12/15/38 | &nbsp;&nbsp; 184 | &nbsp;&nbsp; 196776 |
| 6.00%, 01/15/39 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 50672 |
| 6.00%, 06/15/39 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3161 |
| 6.00%, 09/20/39 | &nbsp;&nbsp; 59 | &nbsp;&nbsp; 62998 |
| 6.00%, 11/15/39 | &nbsp;&nbsp; 152 | &nbsp;&nbsp; 162287 |
| 6.00%, 12/15/39 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2707 |
| 6.00%, 04/20/40 | &nbsp;&nbsp; 93 | &nbsp;&nbsp; 99279 |
| 6.00%, 12/15/40 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4717 |
| 6.00%, 12/20/40 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2839 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.00%, 06/20/41 | &nbsp;&nbsp; $147 | &nbsp;&nbsp; $156937 |
| 6.00%, 11/20/41 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1382 |
| 6.00%, 01/20/42 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 10013 |
| 6.00%, 04/20/42 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1683 |
| 6.00%, 02/20/43 | &nbsp;&nbsp; 264 | &nbsp;&nbsp; 281002 |
| 6.00%, 07/20/45 | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 79964 |
| 6.00%, 01/20/46 | &nbsp;&nbsp; 229 | &nbsp;&nbsp; 243899 |
| 6.00%, 05/20/47 | &nbsp;&nbsp; 1620 | &nbsp;&nbsp; 1727067 |
| 6.00%, 08/20/52 | &nbsp;&nbsp; 1196 | &nbsp;&nbsp; 1236066 |
| 6.00%, 10/20/52 | &nbsp;&nbsp; 106 | &nbsp;&nbsp; 109205 |
| 6.00%, 02/20/53 | &nbsp;&nbsp; 5448 | &nbsp;&nbsp; 5624614 |
| 6.00%, 06/20/53 | &nbsp;&nbsp; 306 | &nbsp;&nbsp; 314462 |
| 6.00%, 07/20/53 | &nbsp;&nbsp; 2190 | &nbsp;&nbsp; 2249346 |
| 6.00%, 09/20/53 | &nbsp;&nbsp; 10789 | &nbsp;&nbsp; 11081944 |
| 6.00%, 10/20/53 | &nbsp;&nbsp; 16235 | &nbsp;&nbsp; 16674725 |
| 6.00%, 12/20/53 | &nbsp;&nbsp; 6311 | &nbsp;&nbsp; 6482586 |
| 6.00%, 01/20/54 | &nbsp;&nbsp; 1264 | &nbsp;&nbsp; 1298234 |
| 6.00%, 05/20/54 | &nbsp;&nbsp; 6573 | &nbsp;&nbsp; 6736608 |
| 6.00%, 06/20/54 | &nbsp;&nbsp; 38734 | &nbsp;&nbsp; 39659954 |
| 6.00%, 07/20/54 | &nbsp;&nbsp; 42501 | &nbsp;&nbsp; 43517248 |
| 6.00%, 08/20/54 | &nbsp;&nbsp; 82819 | &nbsp;&nbsp; 84798764 |
| 6.00%, 09/20/54 | &nbsp;&nbsp; 36747 | &nbsp;&nbsp; 37626031 |
| 6.00%, 10/20/54 | &nbsp;&nbsp; 2663 | &nbsp;&nbsp; 2727091 |
| 6.00%, 07/20/55 | &nbsp;&nbsp; 48354 | &nbsp;&nbsp; 49337023 |
| 6.00%, 08/20/55 | &nbsp;&nbsp; 2693 | &nbsp;&nbsp; 2748969 |
| 6.00%, 09/20/55 | &nbsp;&nbsp; 98627 | &nbsp;&nbsp; 100708132 |
| 6.00%, 11/20/55 | &nbsp;&nbsp; 39714 | &nbsp;&nbsp; 40638477 |
| 6.00%, 01/20/56 | &nbsp;&nbsp; 6794 | &nbsp;&nbsp; 6959366 |
| 6.00%, 03/19/56<sup>(c)</sup> | &nbsp;&nbsp; 177486 | &nbsp;&nbsp; 181046291 |
| 6.50%, 03/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 2 |
| 6.50%, 03/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 297 |
| 6.50%, 04/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 32 |
| 6.50%, 08/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 10 |
| 6.50%, 09/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 517 |
| 6.50%, 10/15/28 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2047 |
| 6.50%, 10/20/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 106 |
| 6.50%, 11/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 176 |
| 6.50%, 12/15/28 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1464 |
| 6.50%, 01/15/29 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1678 |
| 6.50%, 02/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 54 |
| 6.50%, 03/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 920 |
| 6.50%, 04/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 54 |
| 6.50%, 05/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 24 |
| 6.50%, 05/20/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 104 |
| 6.50%, 06/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 47 |
| 6.50%, 07/15/29 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 5342 |
| 6.50%, 08/15/29 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2533 |
| 6.50%, 09/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 226 |
| 6.50%, 12/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 34 |
| 6.50%, 05/15/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1005 |
| 6.50%, 06/15/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 45 |
| 6.50%, 07/15/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 108 |
| 6.50%, 09/15/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1831 |
| 6.50%, 11/15/31 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7138 |
| 6.50%, 12/15/31 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3093 |
| 6.50%, 01/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1182 |
| 6.50%, 02/20/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 82 |
| 6.50%, 03/15/32 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2825 |
| 6.50%, 04/15/32 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2930 |
| 6.50%, 05/20/32 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4271 |
| 6.50%, 06/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 956 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.50%, 07/15/32 | &nbsp;&nbsp; $2 | &nbsp;&nbsp; $1616 |
| 6.50%, 08/15/32 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3365 |
| 6.50%, 10/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 722 |
| 6.50%, 12/15/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 510 |
| 6.50%, 01/15/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 868 |
| 6.50%, 03/15/33 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1558 |
| 6.50%, 04/15/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 675 |
| 6.50%, 05/15/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 394 |
| 6.50%, 07/15/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 326 |
| 6.50%, 08/15/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 778 |
| 6.50%, 08/20/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 474 |
| 6.50%, 11/15/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1120 |
| 6.50%, 12/15/35 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1076 |
| 6.50%, 04/15/36 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11585 |
| 6.50%, 10/15/36 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12902 |
| 6.50%, 07/15/37 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 426 |
| 6.50%, 08/15/37 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 252 |
| 6.50%, 11/15/37 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3682 |
| 6.50%, 12/15/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 873 |
| 6.50%, 01/15/38 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1213 |
| 6.50%, 08/20/38 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5192 |
| 6.50%, 09/15/38 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3028 |
| 6.50%, 10/20/38 | &nbsp;&nbsp; 419 | &nbsp;&nbsp; 454332 |
| 6.50%, 11/15/38 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5590 |
| 6.50%, 12/15/38 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 4150 |
| 6.50%, 12/20/52 | &nbsp;&nbsp; 316 | &nbsp;&nbsp; 329492 |
| 6.50%, 02/20/53 | &nbsp;&nbsp; 425 | &nbsp;&nbsp; 443177 |
| 6.50%, 03/20/53 | &nbsp;&nbsp; 20778 | &nbsp;&nbsp; 21696513 |
| 6.50%, 04/20/53 | &nbsp;&nbsp; 238 | &nbsp;&nbsp; 248688 |
| 6.50%, 05/20/53 | &nbsp;&nbsp; 17505 | &nbsp;&nbsp; 18278622 |
| 6.50%, 10/20/53 | &nbsp;&nbsp; 271 | &nbsp;&nbsp; 282617 |
| 6.50%, 02/20/54 | &nbsp;&nbsp; 204 | &nbsp;&nbsp; 213155 |
| 6.50%, 06/20/54 | &nbsp;&nbsp; 27691 | &nbsp;&nbsp; 28833029 |
| 6.50%, 07/20/54 | &nbsp;&nbsp; 89335 | &nbsp;&nbsp; 93019371 |
| 6.50%, 10/20/54 | &nbsp;&nbsp; 103 | &nbsp;&nbsp; 106763 |
| 6.50%, 03/15/55<sup>(c)</sup> | &nbsp;&nbsp; 12150 | &nbsp;&nbsp; 12631567 |
| 6.50%, 04/15/55<sup>(c)</sup> | &nbsp;&nbsp; 14250 | &nbsp;&nbsp; 14798102 |
| 6.50%, 08/20/55 | &nbsp;&nbsp; 50793 | &nbsp;&nbsp; 52744181 |
| 6.50%, 09/20/55 | &nbsp;&nbsp; 54887 | &nbsp;&nbsp; 57070890 |
| 6.50%, 11/20/55 | &nbsp;&nbsp; 32992 | &nbsp;&nbsp; 34348457 |
| 6.50%, 12/20/55 | &nbsp;&nbsp; 27966 | &nbsp;&nbsp; 29127364 |
| 7.00%, 06/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 46 |
| 7.00%, 11/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 2 |
| 7.00%, 05/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 19 |
| 7.00%, 06/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 18 |
| 7.00%, 10/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 67 |
| 7.00%, 11/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 371 |
| 7.00%, 12/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 63 |
| 7.00%, 02/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 6 |
| 7.00%, 03/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 151 |
| 7.00%, 04/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 141 |
| 7.00%, 06/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 771 |
| 7.00%, 07/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 114 |
| 7.00%, 08/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 253 |
| 7.00%, 09/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 984 |
| 7.00%, 10/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 87 |
| 7.00%, 11/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 629 |
| 7.00%, 12/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 182 |
| 7.00%, 03/15/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 881 |
| 7.00%, 04/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 36 |
| 7.00%, 05/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 65 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 7.00%, 06/15/29 | &nbsp;&nbsp; $0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $86 |
| 7.00%, 07/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 173 |
| 7.00%, 08/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 301 |
| 7.00%, 11/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 26 |
| 7.00%, 12/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 199 |
| 7.00%, 12/15/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 367 |
| 7.00%, 07/15/31 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2102 |
| 7.00%, 08/15/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 617 |
| 7.00%, 09/15/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 655 |
| 7.00%, 10/15/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 77 |
| 7.00%, 02/15/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 352 |
| 7.00%, 04/15/32 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1709 |
| 7.00%, 05/15/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 607 |
| 7.50%, 03/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 10 |
| 7.50%, 06/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 14 |
| 7.50%, 06/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 37 |
| 7.50%, 10/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 73 |
| 7.50%, 12/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 66 |
| 7.50%, 01/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 40 |
| 7.50%, 06/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 407 |
| 7.50%, 07/15/28 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 699 |
| 7.50%, 08/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 98 |
| 7.50%, 09/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 14 |
| 7.50%, 12/15/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 11 |
| 7.50%, 01/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 5 |
| 7.50%, 03/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 222 |
| 7.50%, 08/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 258 |
| 7.50%, 09/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 46 |
| 7.50%, 10/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 25 |
| 7.50%, 11/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 46 |
| 7.50%, 12/15/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 519 |
| 7.50%, 08/15/30 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1857 |
| 7.50%, 12/15/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 46 |
| 7.50%, 03/15/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 374 |
| 8.00%, 05/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 16 |
| 8.00%, 06/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 2 |
| 8.00%, 08/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 4 |
| 8.00%, 09/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 2 |
| 8.00%, 02/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 129 |
| 8.00%, 12/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 13 |
| 8.00%, 08/20/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 57 |
| 8.00%, 09/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 314 |
| 8.00%, 10/15/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 38 |
| 8.00%, 01/15/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 27 |
| 8.00%, 02/15/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 122 |
| 8.00%, 06/20/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 22 |
| 8.00%, 12/15/30 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1456 |
| 8.00%, 07/15/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 74 |
| 8.00%, 03/15/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 393 |
| 8.50%, 09/15/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 17 |
| 8.50%, 01/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 8 |
| 8.50%, 08/15/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 214 |
| 8.50%, 07/15/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 73 |
| 8.50%, 04/15/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 25 |
| Uniform Mortgage-Backed Securities |  |  |
| 1.50%, 09/01/35 | &nbsp;&nbsp; 608 | &nbsp;&nbsp; 559792 |
| 1.50%, 11/01/35 | &nbsp;&nbsp; 1513 | &nbsp;&nbsp; 1393814 |
| 1.50%, 12/01/35 | &nbsp;&nbsp; 4438 | &nbsp;&nbsp; 4087279 |
| 1.50%, 01/01/36 | &nbsp;&nbsp; 2903 | &nbsp;&nbsp; 2672321 |
| 1.50%, 02/01/36 | &nbsp;&nbsp; 102 | &nbsp;&nbsp; 93876 |
| 1.50%, 03/01/36 | &nbsp;&nbsp; 10595 | &nbsp;&nbsp; 9699807 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 1.50%, 06/01/36 | &nbsp;&nbsp; $1053 | &nbsp;&nbsp; $963184 |
| 1.50%, 07/01/36 | &nbsp;&nbsp; 755 | &nbsp;&nbsp; 691425 |
| 1.50%, 08/01/36 | &nbsp;&nbsp; 1465 | &nbsp;&nbsp; 1341245 |
| 1.50%, 09/01/36 | &nbsp;&nbsp; 6705 | &nbsp;&nbsp; 6130500 |
| 1.50%, 10/01/36 | &nbsp;&nbsp; 15407 | &nbsp;&nbsp; 14078478 |
| 1.50%, 11/01/36 | &nbsp;&nbsp; 11351 | &nbsp;&nbsp; 10379029 |
| 1.50%, 12/01/36 | &nbsp;&nbsp; 1970 | &nbsp;&nbsp; 1801629 |
| 1.50%, 01/01/37 | &nbsp;&nbsp; 19629 | &nbsp;&nbsp; 17924566 |
| 1.50%, 02/01/37 | &nbsp;&nbsp; 85671 | &nbsp;&nbsp; 78212690 |
| 1.50%, 03/01/37 | &nbsp;&nbsp; 92068 | &nbsp;&nbsp; 83897853 |
| 1.50%, 04/01/37 | &nbsp;&nbsp; 15837 | &nbsp;&nbsp; 14431051 |
| 1.50%, 05/01/37 | &nbsp;&nbsp; 1206 | &nbsp;&nbsp; 1099050 |
| 1.50%, 07/01/37 | &nbsp;&nbsp; 17350 | &nbsp;&nbsp; 15810533 |
| 1.50%, 08/01/37 | &nbsp;&nbsp; 4606 | &nbsp;&nbsp; 4205043 |
| 1.50%, 11/01/37 | &nbsp;&nbsp; 9431 | &nbsp;&nbsp; 8594320 |
| 1.50%, 03/17/41<sup>(c)</sup> | &nbsp;&nbsp; 28517 | &nbsp;&nbsp; 26002100 |
| 1.50%, 11/01/50 | &nbsp;&nbsp; 47564 | &nbsp;&nbsp; 37864495 |
| 1.50%, 12/01/50 | &nbsp;&nbsp; 1341 | &nbsp;&nbsp; 1078942 |
| 1.50%, 01/01/51 | &nbsp;&nbsp; 21888 | &nbsp;&nbsp; 17423136 |
| 1.50%, 02/01/51 | &nbsp;&nbsp; 1167 | &nbsp;&nbsp; 929805 |
| 1.50%, 05/01/51 | &nbsp;&nbsp; 71077 | &nbsp;&nbsp; 56552485 |
| 1.50%, 07/01/51 | &nbsp;&nbsp; 60263 | &nbsp;&nbsp; 47947910 |
| 1.50%, 10/01/51 | &nbsp;&nbsp; 2035 | &nbsp;&nbsp; 1618616 |
| 1.50%, 11/01/51 | &nbsp;&nbsp; 86371 | &nbsp;&nbsp; 68585657 |
| 2.00%, 05/01/26 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4475 |
| 2.00%, 01/01/28 | &nbsp;&nbsp; 2980 | &nbsp;&nbsp; 2929612 |
| 2.00%, 08/01/28 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 52934 |
| 2.00%, 11/01/28 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 12281 |
| 2.00%, 01/01/29 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2501 |
| 2.00%, 05/01/29 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 50374 |
| 2.00%, 01/01/30 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17027 |
| 2.00%, 04/01/30 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 26435 |
| 2.00%, 07/01/30 | &nbsp;&nbsp; 699 | &nbsp;&nbsp; 678742 |
| 2.00%, 08/01/30 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 12858 |
| 2.00%, 02/01/31 | &nbsp;&nbsp; 3153 | &nbsp;&nbsp; 3079732 |
| 2.00%, 11/01/31 | &nbsp;&nbsp; 188 | &nbsp;&nbsp; 180381 |
| 2.00%, 01/01/32 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 75479 |
| 2.00%, 02/01/32 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 17302 |
| 2.00%, 03/01/32 | &nbsp;&nbsp; 118 | &nbsp;&nbsp; 113461 |
| 2.00%, 04/01/32 | &nbsp;&nbsp; 66 | &nbsp;&nbsp; 62824 |
| 2.00%, 07/01/32 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10381 |
| 2.00%, 11/01/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4998 |
| 2.00%, 06/01/35 | &nbsp;&nbsp; 1775 | &nbsp;&nbsp; 1667102 |
| 2.00%, 07/01/35 | &nbsp;&nbsp; 21699 | &nbsp;&nbsp; 20354687 |
| 2.00%, 08/01/35 | &nbsp;&nbsp; 14501 | &nbsp;&nbsp; 13615351 |
| 2.00%, 09/01/35 | &nbsp;&nbsp; 7370 | &nbsp;&nbsp; 6909880 |
| 2.00%, 10/01/35 | &nbsp;&nbsp; 26478 | &nbsp;&nbsp; 24867838 |
| 2.00%, 11/01/35 | &nbsp;&nbsp; 37055 | &nbsp;&nbsp; 34793405 |
| 2.00%, 12/01/35 | &nbsp;&nbsp; 75687 | &nbsp;&nbsp; 70942409 |
| 2.00%, 01/01/36 | &nbsp;&nbsp; 34237 | &nbsp;&nbsp; 32083087 |
| 2.00%, 02/01/36 | &nbsp;&nbsp; 148817 | &nbsp;&nbsp; 139598109 |
| 2.00%, 03/01/36 | &nbsp;&nbsp; 102846 | &nbsp;&nbsp; 96187404 |
| 2.00%, 04/01/36 | &nbsp;&nbsp; 12293 | &nbsp;&nbsp; 11491546 |
| 2.00%, 05/01/36 | &nbsp;&nbsp; 112183 | &nbsp;&nbsp; 104997561 |
| 2.00%, 06/01/36 | &nbsp;&nbsp; 101563 | &nbsp;&nbsp; 94874342 |
| 2.00%, 07/01/36 | &nbsp;&nbsp; 59562 | &nbsp;&nbsp; 55601263 |
| 2.00%, 08/01/36 | &nbsp;&nbsp; 60940 | &nbsp;&nbsp; 56943530 |
| 2.00%, 09/01/36 | &nbsp;&nbsp; 11319 | &nbsp;&nbsp; 10547428 |
| 2.00%, 10/01/36 | &nbsp;&nbsp; 28111 | &nbsp;&nbsp; 26228575 |
| 2.00%, 11/01/36 | &nbsp;&nbsp; 66674 | &nbsp;&nbsp; 62251177 |
| 2.00%, 12/01/36 | &nbsp;&nbsp; 63955 | &nbsp;&nbsp; 59699089 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.00%, 01/01/37 | &nbsp;&nbsp; $180879 | &nbsp;&nbsp; $168934709 |
| 2.00%, 02/01/37 | &nbsp;&nbsp; 113211 | &nbsp;&nbsp; 105656455 |
| 2.00%, 03/01/37 | &nbsp;&nbsp; 48541 | &nbsp;&nbsp; 45247413 |
| 2.00%, 04/01/37 | &nbsp;&nbsp; 95214 | &nbsp;&nbsp; 88673553 |
| 2.00%, 05/01/37 | &nbsp;&nbsp; 27208 | &nbsp;&nbsp; 25341414 |
| 2.00%, 06/01/37 | &nbsp;&nbsp; 79128 | &nbsp;&nbsp; 73754123 |
| 2.00%, 08/01/37 | &nbsp;&nbsp; 13778 | &nbsp;&nbsp; 12849361 |
| 2.00%, 10/01/37 | &nbsp;&nbsp; 4835 | &nbsp;&nbsp; 4503034 |
| 2.00%, 02/01/38 | &nbsp;&nbsp; 10952 | &nbsp;&nbsp; 10210323 |
| 2.00%, 03/01/38 | &nbsp;&nbsp; 11711 | &nbsp;&nbsp; 10914101 |
| 2.00%, 03/17/41<sup>(c)</sup> | &nbsp;&nbsp; 150296 | &nbsp;&nbsp; 140022706 |
| 2.00%, 05/01/50 | &nbsp;&nbsp; 42783 | &nbsp;&nbsp; 35912752 |
| 2.00%, 06/01/50 | &nbsp;&nbsp; 70134 | &nbsp;&nbsp; 58843775 |
| 2.00%, 07/01/50 | &nbsp;&nbsp; 63181 | &nbsp;&nbsp; 53001094 |
| 2.00%, 08/01/50 | &nbsp;&nbsp; 50243 | &nbsp;&nbsp; 42121659 |
| 2.00%, 09/01/50 | &nbsp;&nbsp; 65981 | &nbsp;&nbsp; 55421597 |
| 2.00%, 10/01/50 | &nbsp;&nbsp; 136235 | &nbsp;&nbsp; 114717826 |
| 2.00%, 11/01/50 | &nbsp;&nbsp; 68815 | &nbsp;&nbsp; 57885157 |
| 2.00%, 12/01/50 | &nbsp;&nbsp; 170648 | &nbsp;&nbsp; 143634340 |
| 2.00%, 01/01/51 | &nbsp;&nbsp; 66118 | &nbsp;&nbsp; 55639174 |
| 2.00%, 02/01/51 | &nbsp;&nbsp; 541794 | &nbsp;&nbsp; 453202912 |
| 2.00%, 03/01/51 | &nbsp;&nbsp; 454439 | &nbsp;&nbsp; 380523437 |
| 2.00%, 04/01/51 | &nbsp;&nbsp; 602684 | &nbsp;&nbsp; 504263920 |
| 2.00%, 05/01/51 | &nbsp;&nbsp; 688634 | &nbsp;&nbsp; 576216000 |
| 2.00%, 06/01/51 | &nbsp;&nbsp; 174372 | &nbsp;&nbsp; 146126190 |
| 2.00%, 07/01/51 | &nbsp;&nbsp; 512705 | &nbsp;&nbsp; 429446253 |
| 2.00%, 08/01/51 | &nbsp;&nbsp; 88131 | &nbsp;&nbsp; 73676766 |
| 2.00%, 09/01/51 | &nbsp;&nbsp; 188995 | &nbsp;&nbsp; 157975632 |
| 2.00%, 10/01/51 | &nbsp;&nbsp; 388951 | &nbsp;&nbsp; 325334268 |
| 2.00%, 11/01/51 | &nbsp;&nbsp; 489243 | &nbsp;&nbsp; 409007322 |
| 2.00%, 12/01/51 | &nbsp;&nbsp; 672830 | &nbsp;&nbsp; 561436940 |
| 2.00%, 01/01/52 | &nbsp;&nbsp; 272176 | &nbsp;&nbsp; 226842536 |
| 2.00%, 02/01/52 | &nbsp;&nbsp; 547888 | &nbsp;&nbsp; 456496995 |
| 2.00%, 03/01/52 | &nbsp;&nbsp; 243461 | &nbsp;&nbsp; 203123817 |
| 2.00%, 04/01/52 | &nbsp;&nbsp; 233545 | &nbsp;&nbsp; 194915048 |
| 2.00%, 05/01/52 | &nbsp;&nbsp; 119129 | &nbsp;&nbsp; 99590027 |
| 2.00%, 06/01/52 | &nbsp;&nbsp; 141781 | &nbsp;&nbsp; 118216296 |
| 2.00%, 07/01/52 | &nbsp;&nbsp; 9606 | &nbsp;&nbsp; 8002835 |
| 2.00%, 08/01/52 | &nbsp;&nbsp; 5860 | &nbsp;&nbsp; 4877920 |
| 2.00%, 10/01/52 | &nbsp;&nbsp; 79260 | &nbsp;&nbsp; 66044401 |
| 2.00%, 07/01/53 | &nbsp;&nbsp; 13157 | &nbsp;&nbsp; 10983931 |
| 2.00%, 12/01/53 | &nbsp;&nbsp; 73025 | &nbsp;&nbsp; 60836981 |
| 2.00%, 03/12/56<sup>(c)</sup> | &nbsp;&nbsp; 9071 | &nbsp;&nbsp; 7512909 |
| 2.50%, 11/01/26 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 823 |
| 2.50%, 03/01/27 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 53722 |
| 2.50%, 05/01/27 | &nbsp;&nbsp; 285 | &nbsp;&nbsp; 282411 |
| 2.50%, 07/01/27 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4219 |
| 2.50%, 09/01/27 | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 108508 |
| 2.50%, 10/01/27 | &nbsp;&nbsp; 378 | &nbsp;&nbsp; 373722 |
| 2.50%, 11/01/27 | &nbsp;&nbsp; 211 | &nbsp;&nbsp; 208246 |
| 2.50%, 12/01/27 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 78623 |
| 2.50%, 01/01/28 | &nbsp;&nbsp; 686 | &nbsp;&nbsp; 676708 |
| 2.50%, 02/01/28 | &nbsp;&nbsp; 263 | &nbsp;&nbsp; 259775 |
| 2.50%, 03/01/28 | &nbsp;&nbsp; 728 | &nbsp;&nbsp; 718361 |
| 2.50%, 04/01/28 | &nbsp;&nbsp; 525 | &nbsp;&nbsp; 517469 |
| 2.50%, 05/01/28 | &nbsp;&nbsp; 205 | &nbsp;&nbsp; 200794 |
| 2.50%, 06/01/28 | &nbsp;&nbsp; 475 | &nbsp;&nbsp; 468538 |
| 2.50%, 07/01/28 | &nbsp;&nbsp; 117 | &nbsp;&nbsp; 115017 |
| 2.50%, 08/01/28 | &nbsp;&nbsp; 132 | &nbsp;&nbsp; 129605 |
| 2.50%, 09/01/28 | &nbsp;&nbsp; 746 | &nbsp;&nbsp; 734353 |
| 2.50%, 10/01/28 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 78589 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.50%, 12/01/28 | &nbsp;&nbsp; $27 | &nbsp;&nbsp; $26941 |
| 2.50%, 05/01/29 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5016 |
| 2.50%, 06/01/29 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 54673 |
| 2.50%, 09/01/29 | &nbsp;&nbsp; 88 | &nbsp;&nbsp; 87002 |
| 2.50%, 11/01/29 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4500 |
| 2.50%, 12/01/29 | &nbsp;&nbsp; 281 | &nbsp;&nbsp; 276832 |
| 2.50%, 01/01/30 | &nbsp;&nbsp; 812 | &nbsp;&nbsp; 795989 |
| 2.50%, 02/01/30 | &nbsp;&nbsp; 1524 | &nbsp;&nbsp; 1493073 |
| 2.50%, 03/01/30 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3217 |
| 2.50%, 04/01/30 | &nbsp;&nbsp; 585 | &nbsp;&nbsp; 572942 |
| 2.50%, 05/01/30 | &nbsp;&nbsp; 5426 | &nbsp;&nbsp; 5312882 |
| 2.50%, 06/01/30 | &nbsp;&nbsp; 12236 | &nbsp;&nbsp; 11975255 |
| 2.50%, 07/01/30 | &nbsp;&nbsp; 4343 | &nbsp;&nbsp; 4250158 |
| 2.50%, 08/01/30 | &nbsp;&nbsp; 1725 | &nbsp;&nbsp; 1692688 |
| 2.50%, 09/01/30 | &nbsp;&nbsp; 499 | &nbsp;&nbsp; 488813 |
| 2.50%, 10/01/30 | &nbsp;&nbsp; 818 | &nbsp;&nbsp; 799460 |
| 2.50%, 11/01/30 | &nbsp;&nbsp; 187 | &nbsp;&nbsp; 182858 |
| 2.50%, 12/01/30 | &nbsp;&nbsp; 424 | &nbsp;&nbsp; 413809 |
| 2.50%, 01/01/31 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 19781 |
| 2.50%, 02/01/31 | &nbsp;&nbsp; 551 | &nbsp;&nbsp; 539138 |
| 2.50%, 03/01/31 | &nbsp;&nbsp; 953 | &nbsp;&nbsp; 933466 |
| 2.50%, 04/01/31 | &nbsp;&nbsp; 1114 | &nbsp;&nbsp; 1087331 |
| 2.50%, 05/01/31 | &nbsp;&nbsp; 1530 | &nbsp;&nbsp; 1491106 |
| 2.50%, 06/01/31 | &nbsp;&nbsp; 347 | &nbsp;&nbsp; 339204 |
| 2.50%, 07/01/31 | &nbsp;&nbsp; 1227 | &nbsp;&nbsp; 1195586 |
| 2.50%, 08/01/31 | &nbsp;&nbsp; 907 | &nbsp;&nbsp; 882720 |
| 2.50%, 09/01/31 | &nbsp;&nbsp; 1214 | &nbsp;&nbsp; 1180770 |
| 2.50%, 10/01/31 | &nbsp;&nbsp; 4762 | &nbsp;&nbsp; 4649480 |
| 2.50%, 11/01/31 | &nbsp;&nbsp; 4380 | &nbsp;&nbsp; 4267761 |
| 2.50%, 12/01/31 | &nbsp;&nbsp; 2085 | &nbsp;&nbsp; 2028802 |
| 2.50%, 01/01/32 | &nbsp;&nbsp; 6040 | &nbsp;&nbsp; 5876340 |
| 2.50%, 02/01/32 | &nbsp;&nbsp; 5998 | &nbsp;&nbsp; 5836851 |
| 2.50%, 03/01/32 | &nbsp;&nbsp; 3136 | &nbsp;&nbsp; 3046976 |
| 2.50%, 04/01/32 | &nbsp;&nbsp; 5870 | &nbsp;&nbsp; 5715072 |
| 2.50%, 05/01/32 | &nbsp;&nbsp; 7464 | &nbsp;&nbsp; 7266939 |
| 2.50%, 06/01/32 | &nbsp;&nbsp; 726 | &nbsp;&nbsp; 706312 |
| 2.50%, 07/01/32 | &nbsp;&nbsp; 4655 | &nbsp;&nbsp; 4536426 |
| 2.50%, 08/01/32 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4704 |
| 2.50%, 09/01/32 | &nbsp;&nbsp; 485 | &nbsp;&nbsp; 469715 |
| 2.50%, 10/01/32 | &nbsp;&nbsp; 1337 | &nbsp;&nbsp; 1293699 |
| 2.50%, 11/01/32 | &nbsp;&nbsp; 909 | &nbsp;&nbsp; 879192 |
| 2.50%, 12/01/32 | &nbsp;&nbsp; 1536 | &nbsp;&nbsp; 1485297 |
| 2.50%, 01/01/33 | &nbsp;&nbsp; 9507 | &nbsp;&nbsp; 9282049 |
| 2.50%, 02/01/33 | &nbsp;&nbsp; 566 | &nbsp;&nbsp; 553747 |
| 2.50%, 04/01/33 | &nbsp;&nbsp; 300 | &nbsp;&nbsp; 290077 |
| 2.50%, 07/01/33 | &nbsp;&nbsp; 2416 | &nbsp;&nbsp; 2353477 |
| 2.50%, 06/01/34 | &nbsp;&nbsp; 220 | &nbsp;&nbsp; 212005 |
| 2.50%, 07/01/34 | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 58670 |
| 2.50%, 08/01/34 | &nbsp;&nbsp; 123 | &nbsp;&nbsp; 118319 |
| 2.50%, 09/01/34 | &nbsp;&nbsp; 3519 | &nbsp;&nbsp; 3379785 |
| 2.50%, 10/01/34 | &nbsp;&nbsp; 4063 | &nbsp;&nbsp; 3905788 |
| 2.50%, 11/01/34 | &nbsp;&nbsp; 9237 | &nbsp;&nbsp; 8865826 |
| 2.50%, 12/01/34 | &nbsp;&nbsp; 3062 | &nbsp;&nbsp; 2932248 |
| 2.50%, 01/01/35 | &nbsp;&nbsp; 5986 | &nbsp;&nbsp; 5751025 |
| 2.50%, 02/01/35 | &nbsp;&nbsp; 7251 | &nbsp;&nbsp; 7025182 |
| 2.50%, 03/01/35 | &nbsp;&nbsp; 12176 | &nbsp;&nbsp; 11699069 |
| 2.50%, 04/01/35 | &nbsp;&nbsp; 22163 | &nbsp;&nbsp; 21269035 |
| 2.50%, 05/01/35 | &nbsp;&nbsp; 11046 | &nbsp;&nbsp; 10612240 |
| 2.50%, 06/01/35 | &nbsp;&nbsp; 15371 | &nbsp;&nbsp; 14752497 |
| 2.50%, 07/01/35 | &nbsp;&nbsp; 24537 | &nbsp;&nbsp; 23575525 |
| 2.50%, 08/01/35 | &nbsp;&nbsp; 18096 | &nbsp;&nbsp; 17363142 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.50%, 09/01/35 | &nbsp;&nbsp; $21137 | &nbsp;&nbsp; $20289646 |
| 2.50%, 10/01/35 | &nbsp;&nbsp; 16519 | &nbsp;&nbsp; 15850646 |
| 2.50%, 11/01/35 | &nbsp;&nbsp; 4178 | &nbsp;&nbsp; 4005791 |
| 2.50%, 12/01/35 | &nbsp;&nbsp; 40968 | &nbsp;&nbsp; 39246854 |
| 2.50%, 01/01/36 | &nbsp;&nbsp; 2436 | &nbsp;&nbsp; 2335434 |
| 2.50%, 02/01/36 | &nbsp;&nbsp; 6411 | &nbsp;&nbsp; 6143248 |
| 2.50%, 03/01/36 | &nbsp;&nbsp; 5023 | &nbsp;&nbsp; 4813231 |
| 2.50%, 04/01/36 | &nbsp;&nbsp; 2485 | &nbsp;&nbsp; 2378626 |
| 2.50%, 05/01/36 | &nbsp;&nbsp; 2570 | &nbsp;&nbsp; 2453644 |
| 2.50%, 06/01/36 | &nbsp;&nbsp; 14231 | &nbsp;&nbsp; 13617972 |
| 2.50%, 07/01/36 | &nbsp;&nbsp; 2487 | &nbsp;&nbsp; 2378535 |
| 2.50%, 08/01/36 | &nbsp;&nbsp; 27370 | &nbsp;&nbsp; 26147189 |
| 2.50%, 09/01/36 | &nbsp;&nbsp; 1044 | &nbsp;&nbsp; 997017 |
| 2.50%, 11/01/36 | &nbsp;&nbsp; 35433 | &nbsp;&nbsp; 33834704 |
| 2.50%, 12/01/36 | &nbsp;&nbsp; 11826 | &nbsp;&nbsp; 11307755 |
| 2.50%, 01/01/37 | &nbsp;&nbsp; 4341 | &nbsp;&nbsp; 4148882 |
| 2.50%, 02/01/37 | &nbsp;&nbsp; 32262 | &nbsp;&nbsp; 30825268 |
| 2.50%, 03/01/37 | &nbsp;&nbsp; 117705 | &nbsp;&nbsp; 112310498 |
| 2.50%, 04/01/37 | &nbsp;&nbsp; 50450 | &nbsp;&nbsp; 48101264 |
| 2.50%, 05/01/37 | &nbsp;&nbsp; 47405 | &nbsp;&nbsp; 45179719 |
| 2.50%, 06/01/37 | &nbsp;&nbsp; 24921 | &nbsp;&nbsp; 23787741 |
| 2.50%, 07/01/37 | &nbsp;&nbsp; 13810 | &nbsp;&nbsp; 13158406 |
| 2.50%, 08/01/37 | &nbsp;&nbsp; 7824 | &nbsp;&nbsp; 7455349 |
| 2.50%, 09/01/37 | &nbsp;&nbsp; 3390 | &nbsp;&nbsp; 3230113 |
| 2.50%, 11/01/37 | &nbsp;&nbsp; 666 | &nbsp;&nbsp; 634983 |
| 2.50%, 02/01/38 | &nbsp;&nbsp; 2602 | &nbsp;&nbsp; 2483584 |
| 2.50%, 03/17/41<sup>(c)</sup> | &nbsp;&nbsp; 13791 | &nbsp;&nbsp; 13146924 |
| 2.50%, 10/01/42 | &nbsp;&nbsp; 284 | &nbsp;&nbsp; 259767 |
| 2.50%, 11/01/42 | &nbsp;&nbsp; 165 | &nbsp;&nbsp; 151236 |
| 2.50%, 12/01/42 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 23513 |
| 2.50%, 01/01/43 | &nbsp;&nbsp; 642 | &nbsp;&nbsp; 587711 |
| 2.50%, 02/01/43 | &nbsp;&nbsp; 1658 | &nbsp;&nbsp; 1517525 |
| 2.50%, 03/01/43 | &nbsp;&nbsp; 732 | &nbsp;&nbsp; 670978 |
| 2.50%, 04/01/43 | &nbsp;&nbsp; 3454 | &nbsp;&nbsp; 3164135 |
| 2.50%, 05/01/43 | &nbsp;&nbsp; 352 | &nbsp;&nbsp; 322166 |
| 2.50%, 06/01/43 | &nbsp;&nbsp; 2004 | &nbsp;&nbsp; 1836423 |
| 2.50%, 07/01/43 | &nbsp;&nbsp; 254 | &nbsp;&nbsp; 232414 |
| 2.50%, 08/01/43 | &nbsp;&nbsp; 269 | &nbsp;&nbsp; 246605 |
| 2.50%, 04/01/45 | &nbsp;&nbsp; 195 | &nbsp;&nbsp; 174276 |
| 2.50%, 05/01/45 | &nbsp;&nbsp; 222 | &nbsp;&nbsp; 198932 |
| 2.50%, 07/01/45 | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 30576 |
| 2.50%, 03/01/46 | &nbsp;&nbsp; 1409 | &nbsp;&nbsp; 1260368 |
| 2.50%, 05/01/46 | &nbsp;&nbsp; 87 | &nbsp;&nbsp; 78167 |
| 2.50%, 06/01/46 | &nbsp;&nbsp; 254 | &nbsp;&nbsp; 227219 |
| 2.50%, 07/01/46 | &nbsp;&nbsp; 128 | &nbsp;&nbsp; 114451 |
| 2.50%, 08/01/46 | &nbsp;&nbsp; 366 | &nbsp;&nbsp; 328340 |
| 2.50%, 09/01/46 | &nbsp;&nbsp; 172 | &nbsp;&nbsp; 153378 |
| 2.50%, 10/01/46 | &nbsp;&nbsp; 121 | &nbsp;&nbsp; 108673 |
| 2.50%, 11/01/46 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4509 |
| 2.50%, 12/01/46 | &nbsp;&nbsp; 3596 | &nbsp;&nbsp; 3217345 |
| 2.50%, 01/01/47 | &nbsp;&nbsp; 992 | &nbsp;&nbsp; 865378 |
| 2.50%, 02/01/47 | &nbsp;&nbsp; 38329 | &nbsp;&nbsp; 33434004 |
| 2.50%, 04/01/47 | &nbsp;&nbsp; 2743 | &nbsp;&nbsp; 2454717 |
| 2.50%, 12/01/47 | &nbsp;&nbsp; 11904 | &nbsp;&nbsp; 10671362 |
| 2.50%, 04/01/48 | &nbsp;&nbsp; 3657 | &nbsp;&nbsp; 3272884 |
| 2.50%, 07/01/49 | &nbsp;&nbsp; 5235 | &nbsp;&nbsp; 4683088 |
| 2.50%, 09/01/49 | &nbsp;&nbsp; 107 | &nbsp;&nbsp; 94014 |
| 2.50%, 10/01/49 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 22235 |
| 2.50%, 11/01/49 | &nbsp;&nbsp; 4611 | &nbsp;&nbsp; 4052311 |
| 2.50%, 12/01/49 | &nbsp;&nbsp; 1739 | &nbsp;&nbsp; 1528227 |
| 2.50%, 01/01/50 | &nbsp;&nbsp; 1508 | &nbsp;&nbsp; 1325303 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 2.50%, 03/01/50 | &nbsp;&nbsp; $27007 | &nbsp;&nbsp; $23734302 |
| 2.50%, 04/01/50 | &nbsp;&nbsp; 2087 | &nbsp;&nbsp; 1853069 |
| 2.50%, 05/01/50 | &nbsp;&nbsp; 50967 | &nbsp;&nbsp; 44786092 |
| 2.50%, 06/01/50 | &nbsp;&nbsp; 47598 | &nbsp;&nbsp; 41750743 |
| 2.50%, 07/01/50 | &nbsp;&nbsp; 56475 | &nbsp;&nbsp; 49666613 |
| 2.50%, 08/01/50 | &nbsp;&nbsp; 109750 | &nbsp;&nbsp; 96961019 |
| 2.50%, 09/01/50 | &nbsp;&nbsp; 209073 | &nbsp;&nbsp; 184402119 |
| 2.50%, 10/01/50 | &nbsp;&nbsp; 273689 | &nbsp;&nbsp; 240326050 |
| 2.50%, 11/01/50 | &nbsp;&nbsp; 333641 | &nbsp;&nbsp; 293051737 |
| 2.50%, 12/01/50 | &nbsp;&nbsp; 97131 | &nbsp;&nbsp; 84984783 |
| 2.50%, 01/01/51 | &nbsp;&nbsp; 167009 | &nbsp;&nbsp; 146158181 |
| 2.50%, 02/01/51 | &nbsp;&nbsp; 62507 | &nbsp;&nbsp; 54877138 |
| 2.50%, 03/01/51 | &nbsp;&nbsp; 41538 | &nbsp;&nbsp; 36085263 |
| 2.50%, 04/01/51 | &nbsp;&nbsp; 22917 | &nbsp;&nbsp; 20131262 |
| 2.50%, 05/01/51 | &nbsp;&nbsp; 202474 | &nbsp;&nbsp; 177385000 |
| 2.50%, 06/01/51 | &nbsp;&nbsp; 45550 | &nbsp;&nbsp; 40098093 |
| 2.50%, 07/01/51 | &nbsp;&nbsp; 279680 | &nbsp;&nbsp; 244892752 |
| 2.50%, 08/01/51 | &nbsp;&nbsp; 211786 | &nbsp;&nbsp; 185901102 |
| 2.50%, 09/01/51 | &nbsp;&nbsp; 225454 | &nbsp;&nbsp; 197439436 |
| 2.50%, 10/01/51 | &nbsp;&nbsp; 223619 | &nbsp;&nbsp; 195497946 |
| 2.50%, 11/01/51 | &nbsp;&nbsp; 146803 | &nbsp;&nbsp; 128777033 |
| 2.50%, 12/01/51 | &nbsp;&nbsp; 342212 | &nbsp;&nbsp; 299175756 |
| 2.50%, 01/01/52 | &nbsp;&nbsp; 320493 | &nbsp;&nbsp; 279961520 |
| 2.50%, 02/01/52 | &nbsp;&nbsp; 183224 | &nbsp;&nbsp; 160110309 |
| 2.50%, 03/01/52 | &nbsp;&nbsp; 185120 | &nbsp;&nbsp; 161753392 |
| 2.50%, 04/01/52 | &nbsp;&nbsp; 325762 | &nbsp;&nbsp; 284845700 |
| 2.50%, 05/01/52 | &nbsp;&nbsp; 136778 | &nbsp;&nbsp; 120187476 |
| 2.50%, 07/01/52 | &nbsp;&nbsp; 97429 | &nbsp;&nbsp; 84985345 |
| 2.50%, 08/01/52 | &nbsp;&nbsp; 89334 | &nbsp;&nbsp; 77789632 |
| 2.50%, 09/01/52 | &nbsp;&nbsp; 117054 | &nbsp;&nbsp; 102328507 |
| 2.50%, 07/01/53 | &nbsp;&nbsp; 81574 | &nbsp;&nbsp; 71106133 |
| 2.50%, 10/01/53 | &nbsp;&nbsp; 5824 | &nbsp;&nbsp; 5076496 |
| 2.50%, 01/01/54 | &nbsp;&nbsp; 37209 | &nbsp;&nbsp; 32469246 |
| 2.50%, 03/12/56<sup>(c)</sup> | &nbsp;&nbsp; 13040 | &nbsp;&nbsp; 11296448 |
| 3.00%, 07/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 155 |
| 3.00%, 09/01/26 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2553 |
| 3.00%, 10/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 464 |
| 3.00%, 11/01/26 | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 70849 |
| 3.00%, 12/01/26 | &nbsp;&nbsp; 138 | &nbsp;&nbsp; 136227 |
| 3.00%, 01/01/27 | &nbsp;&nbsp; 153 | &nbsp;&nbsp; 152493 |
| 3.00%, 02/01/27 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5117 |
| 3.00%, 03/01/27 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14633 |
| 3.00%, 04/01/27 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8230 |
| 3.00%, 05/01/27 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 22127 |
| 3.00%, 06/01/27 | &nbsp;&nbsp; 94 | &nbsp;&nbsp; 93213 |
| 3.00%, 07/01/27 | &nbsp;&nbsp; 205 | &nbsp;&nbsp; 203193 |
| 3.00%, 08/01/27 | &nbsp;&nbsp; 345 | &nbsp;&nbsp; 342547 |
| 3.00%, 09/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 364 |
| 3.00%, 10/01/27 | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 71065 |
| 3.00%, 11/01/27 | &nbsp;&nbsp; 614 | &nbsp;&nbsp; 608434 |
| 3.00%, 01/01/28 | &nbsp;&nbsp; 190 | &nbsp;&nbsp; 187741 |
| 3.00%, 03/01/28 | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 32053 |
| 3.00%, 04/01/28 | &nbsp;&nbsp; 133 | &nbsp;&nbsp; 132061 |
| 3.00%, 05/01/28 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 63987 |
| 3.00%, 08/01/28 | &nbsp;&nbsp; 492 | &nbsp;&nbsp; 486202 |
| 3.00%, 09/01/28 | &nbsp;&nbsp; 64 | &nbsp;&nbsp; 62782 |
| 3.00%, 11/01/28 | &nbsp;&nbsp; 525 | &nbsp;&nbsp; 517821 |
| 3.00%, 12/01/28 | &nbsp;&nbsp; 158 | &nbsp;&nbsp; 157284 |
| 3.00%, 01/01/29 | &nbsp;&nbsp; 209 | &nbsp;&nbsp; 206720 |
| 3.00%, 02/01/29 | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 109134 |
| 3.00%, 03/01/29 | &nbsp;&nbsp; 148 | &nbsp;&nbsp; 145668 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 04/01/29 | &nbsp;&nbsp; $1186 | &nbsp;&nbsp; $1172920 |
| 3.00%, 05/01/29 | &nbsp;&nbsp; 402 | &nbsp;&nbsp; 397392 |
| 3.00%, 06/01/29 | &nbsp;&nbsp; 218 | &nbsp;&nbsp; 215749 |
| 3.00%, 07/01/29 | &nbsp;&nbsp; 230 | &nbsp;&nbsp; 227732 |
| 3.00%, 08/01/29 | &nbsp;&nbsp; 401 | &nbsp;&nbsp; 395816 |
| 3.00%, 09/01/29 | &nbsp;&nbsp; 124 | &nbsp;&nbsp; 122051 |
| 3.00%, 10/01/29 | &nbsp;&nbsp; 1000 | &nbsp;&nbsp; 988712 |
| 3.00%, 11/01/29 | &nbsp;&nbsp; 1535 | &nbsp;&nbsp; 1516892 |
| 3.00%, 12/01/29 | &nbsp;&nbsp; 94 | &nbsp;&nbsp; 93104 |
| 3.00%, 01/01/30 | &nbsp;&nbsp; 199 | &nbsp;&nbsp; 197214 |
| 3.00%, 02/01/30 | &nbsp;&nbsp; 803 | &nbsp;&nbsp; 793942 |
| 3.00%, 03/01/30 | &nbsp;&nbsp; 6427 | &nbsp;&nbsp; 6355371 |
| 3.00%, 04/01/30 | &nbsp;&nbsp; 3078 | &nbsp;&nbsp; 3036660 |
| 3.00%, 05/01/30 | &nbsp;&nbsp; 1803 | &nbsp;&nbsp; 1779464 |
| 3.00%, 06/01/30 | &nbsp;&nbsp; 612 | &nbsp;&nbsp; 604573 |
| 3.00%, 07/01/30 | &nbsp;&nbsp; 1862 | &nbsp;&nbsp; 1838125 |
| 3.00%, 08/01/30 | &nbsp;&nbsp; 194 | &nbsp;&nbsp; 191757 |
| 3.00%, 09/01/30 | &nbsp;&nbsp; 965 | &nbsp;&nbsp; 951835 |
| 3.00%, 10/01/30 | &nbsp;&nbsp; 977 | &nbsp;&nbsp; 964419 |
| 3.00%, 11/01/30 | &nbsp;&nbsp; 614 | &nbsp;&nbsp; 604576 |
| 3.00%, 01/01/31 | &nbsp;&nbsp; 1669 | &nbsp;&nbsp; 1648206 |
| 3.00%, 02/01/31 | &nbsp;&nbsp; 2084 | &nbsp;&nbsp; 2055911 |
| 3.00%, 03/01/31 | &nbsp;&nbsp; 4152 | &nbsp;&nbsp; 4090874 |
| 3.00%, 04/01/31 | &nbsp;&nbsp; 525 | &nbsp;&nbsp; 518273 |
| 3.00%, 05/01/31 | &nbsp;&nbsp; 4023 | &nbsp;&nbsp; 3965040 |
| 3.00%, 06/01/31 | &nbsp;&nbsp; 2440 | &nbsp;&nbsp; 2404353 |
| 3.00%, 07/01/31 | &nbsp;&nbsp; 352 | &nbsp;&nbsp; 345866 |
| 3.00%, 08/01/31 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 53538 |
| 3.00%, 09/01/31 | &nbsp;&nbsp; 3171 | &nbsp;&nbsp; 3122956 |
| 3.00%, 11/01/31 | &nbsp;&nbsp; 193 | &nbsp;&nbsp; 189608 |
| 3.00%, 12/01/31 | &nbsp;&nbsp; 1280 | &nbsp;&nbsp; 1261729 |
| 3.00%, 01/01/32 | &nbsp;&nbsp; 3100 | &nbsp;&nbsp; 3049143 |
| 3.00%, 02/01/32 | &nbsp;&nbsp; 4845 | &nbsp;&nbsp; 4766042 |
| 3.00%, 03/01/32 | &nbsp;&nbsp; 1644 | &nbsp;&nbsp; 1615246 |
| 3.00%, 04/01/32 | &nbsp;&nbsp; 1626 | &nbsp;&nbsp; 1595052 |
| 3.00%, 05/01/32 | &nbsp;&nbsp; 526 | &nbsp;&nbsp; 518262 |
| 3.00%, 06/01/32 | &nbsp;&nbsp; 3032 | &nbsp;&nbsp; 2982576 |
| 3.00%, 07/01/32 | &nbsp;&nbsp; 330 | &nbsp;&nbsp; 323445 |
| 3.00%, 08/01/32 | &nbsp;&nbsp; 1505 | &nbsp;&nbsp; 1476664 |
| 3.00%, 09/01/32 | &nbsp;&nbsp; 3593 | &nbsp;&nbsp; 3538791 |
| 3.00%, 10/01/32 | &nbsp;&nbsp; 372 | &nbsp;&nbsp; 364805 |
| 3.00%, 11/01/32 | &nbsp;&nbsp; 1819 | &nbsp;&nbsp; 1783912 |
| 3.00%, 12/01/32 | &nbsp;&nbsp; 7591 | &nbsp;&nbsp; 7448422 |
| 3.00%, 01/01/33 | &nbsp;&nbsp; 1002 | &nbsp;&nbsp; 981099 |
| 3.00%, 02/01/33 | &nbsp;&nbsp; 1565 | &nbsp;&nbsp; 1533660 |
| 3.00%, 03/01/33 | &nbsp;&nbsp; 617 | &nbsp;&nbsp; 603385 |
| 3.00%, 04/01/33 | &nbsp;&nbsp; 245 | &nbsp;&nbsp; 240296 |
| 3.00%, 05/01/33 | &nbsp;&nbsp; 1233 | &nbsp;&nbsp; 1203837 |
| 3.00%, 06/01/33 | &nbsp;&nbsp; 243 | &nbsp;&nbsp; 236196 |
| 3.00%, 07/01/33 | &nbsp;&nbsp; 5744 | &nbsp;&nbsp; 5607012 |
| 3.00%, 09/01/33 | &nbsp;&nbsp; 612 | &nbsp;&nbsp; 602574 |
| 3.00%, 10/01/33 | &nbsp;&nbsp; 3157 | &nbsp;&nbsp; 3087144 |
| 3.00%, 11/01/33 | &nbsp;&nbsp; 62 | &nbsp;&nbsp; 60631 |
| 3.00%, 02/01/34 | &nbsp;&nbsp; 2586 | &nbsp;&nbsp; 2542936 |
| 3.00%, 05/01/34 | &nbsp;&nbsp; 265 | &nbsp;&nbsp; 258176 |
| 3.00%, 06/01/34 | &nbsp;&nbsp; 1576 | &nbsp;&nbsp; 1537709 |
| 3.00%, 07/01/34 | &nbsp;&nbsp; 5600 | &nbsp;&nbsp; 5464721 |
| 3.00%, 08/01/34 | &nbsp;&nbsp; 2663 | &nbsp;&nbsp; 2596644 |
| 3.00%, 09/01/34 | &nbsp;&nbsp; 9087 | &nbsp;&nbsp; 8859188 |
| 3.00%, 10/01/34 | &nbsp;&nbsp; 1680 | &nbsp;&nbsp; 1636150 |
| 3.00%, 11/01/34 | &nbsp;&nbsp; 4513 | &nbsp;&nbsp; 4396105 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 12/01/34 | &nbsp;&nbsp; $874 | &nbsp;&nbsp; $851206 |
| 3.00%, 01/01/35 | &nbsp;&nbsp; 3180 | &nbsp;&nbsp; 3094344 |
| 3.00%, 02/01/35 | &nbsp;&nbsp; 7269 | &nbsp;&nbsp; 7069684 |
| 3.00%, 03/01/35 | &nbsp;&nbsp; 12154 | &nbsp;&nbsp; 11843279 |
| 3.00%, 04/01/35 | &nbsp;&nbsp; 7962 | &nbsp;&nbsp; 7763662 |
| 3.00%, 05/01/35 | &nbsp;&nbsp; 16533 | &nbsp;&nbsp; 16100646 |
| 3.00%, 06/01/35 | &nbsp;&nbsp; 2238 | &nbsp;&nbsp; 2183652 |
| 3.00%, 07/01/35 | &nbsp;&nbsp; 10501 | &nbsp;&nbsp; 10235752 |
| 3.00%, 08/01/35 | &nbsp;&nbsp; 392 | &nbsp;&nbsp; 382044 |
| 3.00%, 09/01/35 | &nbsp;&nbsp; 245 | &nbsp;&nbsp; 238358 |
| 3.00%, 10/01/35 | &nbsp;&nbsp; 3745 | &nbsp;&nbsp; 3649586 |
| 3.00%, 12/01/35 | &nbsp;&nbsp; 7974 | &nbsp;&nbsp; 7800570 |
| 3.00%, 01/01/36 | &nbsp;&nbsp; 1498 | &nbsp;&nbsp; 1460207 |
| 3.00%, 04/01/36 | &nbsp;&nbsp; 671 | &nbsp;&nbsp; 649838 |
| 3.00%, 05/01/36 | &nbsp;&nbsp; 1071 | &nbsp;&nbsp; 1038601 |
| 3.00%, 06/01/36 | &nbsp;&nbsp; 1230 | &nbsp;&nbsp; 1198444 |
| 3.00%, 07/01/36 | &nbsp;&nbsp; 462 | &nbsp;&nbsp; 449659 |
| 3.00%, 12/01/36 | &nbsp;&nbsp; 1597 | &nbsp;&nbsp; 1547973 |
| 3.00%, 01/01/37 | &nbsp;&nbsp; 5082 | &nbsp;&nbsp; 4911734 |
| 3.00%, 02/01/37 | &nbsp;&nbsp; 4087 | &nbsp;&nbsp; 3940966 |
| 3.00%, 03/01/37 | &nbsp;&nbsp; 63949 | &nbsp;&nbsp; 62205364 |
| 3.00%, 04/01/37 | &nbsp;&nbsp; 10190 | &nbsp;&nbsp; 9868117 |
| 3.00%, 05/01/37 | &nbsp;&nbsp; 17615 | &nbsp;&nbsp; 17136246 |
| 3.00%, 06/01/37 | &nbsp;&nbsp; 22426 | &nbsp;&nbsp; 21818327 |
| 3.00%, 07/01/37 | &nbsp;&nbsp; 4798 | &nbsp;&nbsp; 4665790 |
| 3.00%, 10/01/37 | &nbsp;&nbsp; 1499 | &nbsp;&nbsp; 1451792 |
| 3.00%, 11/01/37 | &nbsp;&nbsp; 20719 | &nbsp;&nbsp; 20063930 |
| 3.00%, 07/01/38 | &nbsp;&nbsp; 4817 | &nbsp;&nbsp; 4664541 |
| 3.00%, 03/17/41<sup>(c)</sup> | &nbsp;&nbsp; 18445 | &nbsp;&nbsp; 17856723 |
| 3.00%, 05/01/41 | &nbsp;&nbsp; 532 | &nbsp;&nbsp; 492342 |
| 3.00%, 04/01/42 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 16460 |
| 3.00%, 08/01/42 | &nbsp;&nbsp; 724 | &nbsp;&nbsp; 681479 |
| 3.00%, 09/01/42 | &nbsp;&nbsp; 2414 | &nbsp;&nbsp; 2272099 |
| 3.00%, 10/01/42 | &nbsp;&nbsp; 2832 | &nbsp;&nbsp; 2664391 |
| 3.00%, 11/01/42 | &nbsp;&nbsp; 13051 | &nbsp;&nbsp; 12280607 |
| 3.00%, 12/01/42 | &nbsp;&nbsp; 22021 | &nbsp;&nbsp; 20724866 |
| 3.00%, 01/01/43 | &nbsp;&nbsp; 11504 | &nbsp;&nbsp; 10824795 |
| 3.00%, 02/01/43 | &nbsp;&nbsp; 4849 | &nbsp;&nbsp; 4566683 |
| 3.00%, 03/01/43 | &nbsp;&nbsp; 8086 | &nbsp;&nbsp; 7559594 |
| 3.00%, 04/01/43 | &nbsp;&nbsp; 8403 | &nbsp;&nbsp; 7894727 |
| 3.00%, 05/01/43 | &nbsp;&nbsp; 8062 | &nbsp;&nbsp; 7561197 |
| 3.00%, 06/01/43 | &nbsp;&nbsp; 3426 | &nbsp;&nbsp; 3214066 |
| 3.00%, 07/01/43 | &nbsp;&nbsp; 2629 | &nbsp;&nbsp; 2465674 |
| 3.00%, 08/01/43 | &nbsp;&nbsp; 8380 | &nbsp;&nbsp; 7855572 |
| 3.00%, 09/01/43 | &nbsp;&nbsp; 13455 | &nbsp;&nbsp; 12617528 |
| 3.00%, 10/01/43 | &nbsp;&nbsp; 441 | &nbsp;&nbsp; 413087 |
| 3.00%, 11/01/43 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 36593 |
| 3.00%, 12/01/43 | &nbsp;&nbsp; 466 | &nbsp;&nbsp; 435969 |
| 3.00%, 01/01/44 | &nbsp;&nbsp; 10203 | &nbsp;&nbsp; 9564437 |
| 3.00%, 02/01/44 | &nbsp;&nbsp; 9652 | &nbsp;&nbsp; 9063398 |
| 3.00%, 07/01/44 | &nbsp;&nbsp; 34254 | &nbsp;&nbsp; 32111067 |
| 3.00%, 10/01/44 | &nbsp;&nbsp; 23925 | &nbsp;&nbsp; 22428262 |
| 3.00%, 11/01/44 | &nbsp;&nbsp; 14096 | &nbsp;&nbsp; 13214818 |
| 3.00%, 12/01/44 | &nbsp;&nbsp; 108 | &nbsp;&nbsp; 101081 |
| 3.00%, 01/01/45 | &nbsp;&nbsp; 3095 | &nbsp;&nbsp; 2901725 |
| 3.00%, 02/01/45 | &nbsp;&nbsp; 2526 | &nbsp;&nbsp; 2352879 |
| 3.00%, 03/01/45 | &nbsp;&nbsp; 671 | &nbsp;&nbsp; 621334 |
| 3.00%, 04/01/45 | &nbsp;&nbsp; 1877 | &nbsp;&nbsp; 1754278 |
| 3.00%, 05/01/45 | &nbsp;&nbsp; 12051 | &nbsp;&nbsp; 11245847 |
| 3.00%, 06/01/45 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 15923 |
| 3.00%, 07/01/45 | &nbsp;&nbsp; 4133 | &nbsp;&nbsp; 3873456 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 08/01/45 | &nbsp;&nbsp; $4979 | &nbsp;&nbsp; $4662367 |
| 3.00%, 09/01/45 | &nbsp;&nbsp; 652 | &nbsp;&nbsp; 606374 |
| 3.00%, 10/01/45 | &nbsp;&nbsp; 336 | &nbsp;&nbsp; 314237 |
| 3.00%, 12/01/45 | &nbsp;&nbsp; 582 | &nbsp;&nbsp; 541749 |
| 3.00%, 01/01/46 | &nbsp;&nbsp; 3039 | &nbsp;&nbsp; 2824897 |
| 3.00%, 02/01/46 | &nbsp;&nbsp; 1188 | &nbsp;&nbsp; 1104632 |
| 3.00%, 03/01/46 | &nbsp;&nbsp; 486 | &nbsp;&nbsp; 451958 |
| 3.00%, 04/01/46 | &nbsp;&nbsp; 2307 | &nbsp;&nbsp; 2141881 |
| 3.00%, 05/01/46 | &nbsp;&nbsp; 2432 | &nbsp;&nbsp; 2243608 |
| 3.00%, 06/01/46 | &nbsp;&nbsp; 16254 | &nbsp;&nbsp; 15191230 |
| 3.00%, 07/01/46 | &nbsp;&nbsp; 51153 | &nbsp;&nbsp; 47562731 |
| 3.00%, 08/01/46 | &nbsp;&nbsp; 18512 | &nbsp;&nbsp; 17231115 |
| 3.00%, 09/01/46 | &nbsp;&nbsp; 11470 | &nbsp;&nbsp; 10654033 |
| 3.00%, 10/01/46 | &nbsp;&nbsp; 33068 | &nbsp;&nbsp; 30673203 |
| 3.00%, 11/01/46 | &nbsp;&nbsp; 44580 | &nbsp;&nbsp; 41345291 |
| 3.00%, 12/01/46 | &nbsp;&nbsp; 69587 | &nbsp;&nbsp; 64500641 |
| 3.00%, 01/01/47 | &nbsp;&nbsp; 38685 | &nbsp;&nbsp; 35916171 |
| 3.00%, 02/01/47 | &nbsp;&nbsp; 70576 | &nbsp;&nbsp; 65859083 |
| 3.00%, 03/01/47 | &nbsp;&nbsp; 14140 | &nbsp;&nbsp; 13124532 |
| 3.00%, 04/01/47 | &nbsp;&nbsp; 21603 | &nbsp;&nbsp; 19914641 |
| 3.00%, 05/01/47 | &nbsp;&nbsp; 706 | &nbsp;&nbsp; 652452 |
| 3.00%, 07/01/47 | &nbsp;&nbsp; 12552 | &nbsp;&nbsp; 11624375 |
| 3.00%, 08/01/47 | &nbsp;&nbsp; 836 | &nbsp;&nbsp; 773948 |
| 3.00%, 09/01/47 | &nbsp;&nbsp; 322 | &nbsp;&nbsp; 297825 |
| 3.00%, 10/01/47 | &nbsp;&nbsp; 264 | &nbsp;&nbsp; 246529 |
| 3.00%, 11/01/47 | &nbsp;&nbsp; 142 | &nbsp;&nbsp; 131774 |
| 3.00%, 12/01/47 | &nbsp;&nbsp; 25961 | &nbsp;&nbsp; 24133026 |
| 3.00%, 01/01/48 | &nbsp;&nbsp; 28500 | &nbsp;&nbsp; 26310346 |
| 3.00%, 03/01/48 | &nbsp;&nbsp; 27998 | &nbsp;&nbsp; 26088829 |
| 3.00%, 04/01/48 | &nbsp;&nbsp; 7961 | &nbsp;&nbsp; 7462846 |
| 3.00%, 05/01/48 | &nbsp;&nbsp; 206 | &nbsp;&nbsp; 190031 |
| 3.00%, 07/01/48 | &nbsp;&nbsp; 2088 | &nbsp;&nbsp; 1933564 |
| 3.00%, 08/01/48 | &nbsp;&nbsp; 8456 | &nbsp;&nbsp; 7829040 |
| 3.00%, 09/01/48 | &nbsp;&nbsp; 31866 | &nbsp;&nbsp; 29711287 |
| 3.00%, 11/01/48 | &nbsp;&nbsp; 29072 | &nbsp;&nbsp; 26900587 |
| 3.00%, 01/01/49 | &nbsp;&nbsp; 42039 | &nbsp;&nbsp; 38933968 |
| 3.00%, 02/01/49 | &nbsp;&nbsp; 1794 | &nbsp;&nbsp; 1660836 |
| 3.00%, 04/01/49 | &nbsp;&nbsp; 3140 | &nbsp;&nbsp; 2896363 |
| 3.00%, 05/01/49 | &nbsp;&nbsp; 9058 | &nbsp;&nbsp; 8356706 |
| 3.00%, 06/01/49 | &nbsp;&nbsp; 1654 | &nbsp;&nbsp; 1517467 |
| 3.00%, 07/01/49 | &nbsp;&nbsp; 1676 | &nbsp;&nbsp; 1528793 |
| 3.00%, 08/01/49 | &nbsp;&nbsp; 14461 | &nbsp;&nbsp; 13286612 |
| 3.00%, 09/01/49 | &nbsp;&nbsp; 14925 | &nbsp;&nbsp; 13634755 |
| 3.00%, 10/01/49 | &nbsp;&nbsp; 27244 | &nbsp;&nbsp; 24904141 |
| 3.00%, 11/01/49 | &nbsp;&nbsp; 21777 | &nbsp;&nbsp; 19965207 |
| 3.00%, 12/01/49 | &nbsp;&nbsp; 20207 | &nbsp;&nbsp; 18545168 |
| 3.00%, 01/01/50 | &nbsp;&nbsp; 90397 | &nbsp;&nbsp; 82761481 |
| 3.00%, 02/01/50 | &nbsp;&nbsp; 58573 | &nbsp;&nbsp; 53869807 |
| 3.00%, 03/01/50 | &nbsp;&nbsp; 87488 | &nbsp;&nbsp; 80422598 |
| 3.00%, 04/01/50 | &nbsp;&nbsp; 16503 | &nbsp;&nbsp; 15179126 |
| 3.00%, 05/01/50 | &nbsp;&nbsp; 14335 | &nbsp;&nbsp; 13198221 |
| 3.00%, 06/01/50 | &nbsp;&nbsp; 39839 | &nbsp;&nbsp; 36560279 |
| 3.00%, 07/01/50 | &nbsp;&nbsp; 134962 | &nbsp;&nbsp; 124576083 |
| 3.00%, 08/01/50 | &nbsp;&nbsp; 111895 | &nbsp;&nbsp; 102476787 |
| 3.00%, 09/01/50 | &nbsp;&nbsp; 20690 | &nbsp;&nbsp; 18946199 |
| 3.00%, 10/01/50 | &nbsp;&nbsp; 64590 | &nbsp;&nbsp; 59309771 |
| 3.00%, 11/01/50 | &nbsp;&nbsp; 39949 | &nbsp;&nbsp; 36793897 |
| 3.00%, 12/01/50 | &nbsp;&nbsp; 5378 | &nbsp;&nbsp; 4902209 |
| 3.00%, 01/01/51 | &nbsp;&nbsp; 12954 | &nbsp;&nbsp; 11928371 |
| 3.00%, 02/01/51 | &nbsp;&nbsp; 100138 | &nbsp;&nbsp; 90865650 |
| 3.00%, 03/01/51 | &nbsp;&nbsp; 30424 | &nbsp;&nbsp; 27774053 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.00%, 04/01/51 | &nbsp;&nbsp; $46723 | &nbsp;&nbsp; $42460646 |
| 3.00%, 05/01/51 | &nbsp;&nbsp; 24017 | &nbsp;&nbsp; 22103959 |
| 3.00%, 06/01/51 | &nbsp;&nbsp; 29127 | &nbsp;&nbsp; 26704910 |
| 3.00%, 07/01/51 | &nbsp;&nbsp; 54933 | &nbsp;&nbsp; 50176665 |
| 3.00%, 08/01/51 | &nbsp;&nbsp; 47442 | &nbsp;&nbsp; 43667727 |
| 3.00%, 09/01/51 | &nbsp;&nbsp; 19650 | &nbsp;&nbsp; 18047648 |
| 3.00%, 10/01/51 | &nbsp;&nbsp; 9076 | &nbsp;&nbsp; 8275917 |
| 3.00%, 11/01/51 | &nbsp;&nbsp; 47325 | &nbsp;&nbsp; 43378337 |
| 3.00%, 12/01/51 | &nbsp;&nbsp; 33827 | &nbsp;&nbsp; 30868021 |
| 3.00%, 01/01/52 | &nbsp;&nbsp; 16539 | &nbsp;&nbsp; 15060472 |
| 3.00%, 02/01/52 | &nbsp;&nbsp; 22237 | &nbsp;&nbsp; 20270880 |
| 3.00%, 03/01/52 | &nbsp;&nbsp; 65210 | &nbsp;&nbsp; 59469316 |
| 3.00%, 04/01/52 | &nbsp;&nbsp; 50846 | &nbsp;&nbsp; 46532096 |
| 3.00%, 05/01/52 | &nbsp;&nbsp; 160306 | &nbsp;&nbsp; 147063555 |
| 3.00%, 06/01/52 | &nbsp;&nbsp; 22984 | &nbsp;&nbsp; 20969692 |
| 3.00%, 07/01/52 | &nbsp;&nbsp; 18839 | &nbsp;&nbsp; 17181165 |
| 3.00%, 08/01/52 | &nbsp;&nbsp; 64835 | &nbsp;&nbsp; 58923984 |
| 3.50%, 03/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 72 |
| 3.50%, 04/01/26 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3124 |
| 3.50%, 05/01/26 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1036 |
| 3.50%, 06/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 686 |
| 3.50%, 07/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 230 |
| 3.50%, 08/01/26 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4273 |
| 3.50%, 09/01/26 | &nbsp;&nbsp; 224 | &nbsp;&nbsp; 223213 |
| 3.50%, 10/01/26 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6086 |
| 3.50%, 12/01/26 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2361 |
| 3.50%, 01/01/27 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 31171 |
| 3.50%, 02/01/27 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 981 |
| 3.50%, 03/01/27 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 43736 |
| 3.50%, 04/01/27 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 39125 |
| 3.50%, 07/01/27 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7844 |
| 3.50%, 01/01/28 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 49668 |
| 3.50%, 07/01/28 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13887 |
| 3.50%, 08/01/28 | &nbsp;&nbsp; 129 | &nbsp;&nbsp; 128425 |
| 3.50%, 10/01/28 | &nbsp;&nbsp; 119 | &nbsp;&nbsp; 117833 |
| 3.50%, 11/01/28 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 12953 |
| 3.50%, 12/01/28 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35033 |
| 3.50%, 01/01/29 | &nbsp;&nbsp; 399 | &nbsp;&nbsp; 395914 |
| 3.50%, 03/01/29 | &nbsp;&nbsp; 114 | &nbsp;&nbsp; 112807 |
| 3.50%, 05/01/29 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 17708 |
| 3.50%, 07/01/29 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1521 |
| 3.50%, 08/01/29 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6700 |
| 3.50%, 09/01/29 | &nbsp;&nbsp; 67 | &nbsp;&nbsp; 67167 |
| 3.50%, 10/01/29 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6598 |
| 3.50%, 11/01/29 | &nbsp;&nbsp; 520 | &nbsp;&nbsp; 518039 |
| 3.50%, 12/01/29 | &nbsp;&nbsp; 360 | &nbsp;&nbsp; 358029 |
| 3.50%, 04/01/30 | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 80898 |
| 3.50%, 06/01/30 | &nbsp;&nbsp; 163 | &nbsp;&nbsp; 162617 |
| 3.50%, 08/01/30 | &nbsp;&nbsp; 92 | &nbsp;&nbsp; 91478 |
| 3.50%, 11/01/30 | &nbsp;&nbsp; 133 | &nbsp;&nbsp; 132126 |
| 3.50%, 02/01/31 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13791 |
| 3.50%, 03/01/31 | &nbsp;&nbsp; 676 | &nbsp;&nbsp; 671298 |
| 3.50%, 04/01/31 | &nbsp;&nbsp; 159 | &nbsp;&nbsp; 157854 |
| 3.50%, 05/01/31 | &nbsp;&nbsp; 92 | &nbsp;&nbsp; 91803 |
| 3.50%, 06/01/31 | &nbsp;&nbsp; 2179 | &nbsp;&nbsp; 2167713 |
| 3.50%, 07/01/31 | &nbsp;&nbsp; 736 | &nbsp;&nbsp; 732117 |
| 3.50%, 08/01/31 | &nbsp;&nbsp; 506 | &nbsp;&nbsp; 503441 |
| 3.50%, 09/01/31 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 41604 |
| 3.50%, 11/01/31 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2927 |
| 3.50%, 12/01/31 | &nbsp;&nbsp; 406 | &nbsp;&nbsp; 403741 |
| 3.50%, 01/01/32 | &nbsp;&nbsp; 1951 | &nbsp;&nbsp; 1937879 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 02/01/32 | &nbsp;&nbsp; $436 | &nbsp;&nbsp; $432690 |
| 3.50%, 03/01/32 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 199592 |
| 3.50%, 04/01/32 | &nbsp;&nbsp; 896 | &nbsp;&nbsp; 888794 |
| 3.50%, 05/01/32 | &nbsp;&nbsp; 2141 | &nbsp;&nbsp; 2123003 |
| 3.50%, 06/01/32 | &nbsp;&nbsp; 1818 | &nbsp;&nbsp; 1802429 |
| 3.50%, 07/01/32 | &nbsp;&nbsp; 1361 | &nbsp;&nbsp; 1348487 |
| 3.50%, 08/01/32 | &nbsp;&nbsp; 538 | &nbsp;&nbsp; 532937 |
| 3.50%, 09/01/32 | &nbsp;&nbsp; 196 | &nbsp;&nbsp; 194998 |
| 3.50%, 11/01/32 | &nbsp;&nbsp; 2014 | &nbsp;&nbsp; 1999887 |
| 3.50%, 12/01/32 | &nbsp;&nbsp; 1006 | &nbsp;&nbsp; 997262 |
| 3.50%, 01/01/33 | &nbsp;&nbsp; 367 | &nbsp;&nbsp; 364195 |
| 3.50%, 02/01/33 | &nbsp;&nbsp; 1047 | &nbsp;&nbsp; 1037214 |
| 3.50%, 03/01/33 | &nbsp;&nbsp; 5299 | &nbsp;&nbsp; 5244441 |
| 3.50%, 04/01/33 | &nbsp;&nbsp; 1183 | &nbsp;&nbsp; 1170835 |
| 3.50%, 05/01/33 | &nbsp;&nbsp; 1449 | &nbsp;&nbsp; 1434611 |
| 3.50%, 09/01/33 | &nbsp;&nbsp; 850 | &nbsp;&nbsp; 841696 |
| 3.50%, 10/01/33 | &nbsp;&nbsp; 176 | &nbsp;&nbsp; 173816 |
| 3.50%, 11/01/33 | &nbsp;&nbsp; 220 | &nbsp;&nbsp; 217133 |
| 3.50%, 12/01/33 | &nbsp;&nbsp; 268 | &nbsp;&nbsp; 265464 |
| 3.50%, 01/01/34 | &nbsp;&nbsp; 1561 | &nbsp;&nbsp; 1543474 |
| 3.50%, 02/01/34 | &nbsp;&nbsp; 696 | &nbsp;&nbsp; 687421 |
| 3.50%, 03/01/34 | &nbsp;&nbsp; 2290 | &nbsp;&nbsp; 2258044 |
| 3.50%, 04/01/34 | &nbsp;&nbsp; 5862 | &nbsp;&nbsp; 5785730 |
| 3.50%, 05/01/34 | &nbsp;&nbsp; 3805 | &nbsp;&nbsp; 3749762 |
| 3.50%, 06/01/34 | &nbsp;&nbsp; 1407 | &nbsp;&nbsp; 1387021 |
| 3.50%, 07/01/34 | &nbsp;&nbsp; 2287 | &nbsp;&nbsp; 2258491 |
| 3.50%, 08/01/34 | &nbsp;&nbsp; 520 | &nbsp;&nbsp; 511671 |
| 3.50%, 09/01/34 | &nbsp;&nbsp; 257 | &nbsp;&nbsp; 252634 |
| 3.50%, 10/01/34 | &nbsp;&nbsp; 1148 | &nbsp;&nbsp; 1131574 |
| 3.50%, 11/01/34 | &nbsp;&nbsp; 4933 | &nbsp;&nbsp; 4863637 |
| 3.50%, 12/01/34 | &nbsp;&nbsp; 4671 | &nbsp;&nbsp; 4603636 |
| 3.50%, 01/01/35 | &nbsp;&nbsp; 198 | &nbsp;&nbsp; 195446 |
| 3.50%, 02/01/35 | &nbsp;&nbsp; 2027 | &nbsp;&nbsp; 1997828 |
| 3.50%, 03/01/35 | &nbsp;&nbsp; 2509 | &nbsp;&nbsp; 2466660 |
| 3.50%, 04/01/35 | &nbsp;&nbsp; 591 | &nbsp;&nbsp; 581795 |
| 3.50%, 05/01/35 | &nbsp;&nbsp; 3413 | &nbsp;&nbsp; 3366015 |
| 3.50%, 06/01/35 | &nbsp;&nbsp; 5337 | &nbsp;&nbsp; 5268549 |
| 3.50%, 07/01/35 | &nbsp;&nbsp; 1804 | &nbsp;&nbsp; 1775763 |
| 3.50%, 10/01/35 | &nbsp;&nbsp; 546 | &nbsp;&nbsp; 537895 |
| 3.50%, 11/01/35 | &nbsp;&nbsp; 1674 | &nbsp;&nbsp; 1649032 |
| 3.50%, 12/01/35 | &nbsp;&nbsp; 1208 | &nbsp;&nbsp; 1189506 |
| 3.50%, 02/01/36 | &nbsp;&nbsp; 2705 | &nbsp;&nbsp; 2663686 |
| 3.50%, 05/01/37 | &nbsp;&nbsp; 281 | &nbsp;&nbsp; 276379 |
| 3.50%, 06/01/37 | &nbsp;&nbsp; 3473 | &nbsp;&nbsp; 3422497 |
| 3.50%, 07/01/37 | &nbsp;&nbsp; 14316 | &nbsp;&nbsp; 14064928 |
| 3.50%, 08/01/37 | &nbsp;&nbsp; 4958 | &nbsp;&nbsp; 4874371 |
| 3.50%, 10/01/37 | &nbsp;&nbsp; 3595 | &nbsp;&nbsp; 3531412 |
| 3.50%, 12/01/37 | &nbsp;&nbsp; 1239 | &nbsp;&nbsp; 1217646 |
| 3.50%, 01/01/38 | &nbsp;&nbsp; 2112 | &nbsp;&nbsp; 2069015 |
| 3.50%, 02/01/38 | &nbsp;&nbsp; 1237 | &nbsp;&nbsp; 1212464 |
| 3.50%, 07/01/38 | &nbsp;&nbsp; 17537 | &nbsp;&nbsp; 17228184 |
| 3.50%, 10/01/40 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11518 |
| 3.50%, 11/01/40 | &nbsp;&nbsp; 193 | &nbsp;&nbsp; 188477 |
| 3.50%, 12/01/40 | &nbsp;&nbsp; 425 | &nbsp;&nbsp; 414959 |
| 3.50%, 01/01/41 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 30876 |
| 3.50%, 02/01/41 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 10119 |
| 3.50%, 03/01/41 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 25450 |
| 3.50%, 03/17/41<sup>(c)</sup> | &nbsp;&nbsp; 15548 | &nbsp;&nbsp; 15204650 |
| 3.50%, 06/01/41 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 15742 |
| 3.50%, 10/01/41 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7199 |
| 3.50%, 11/01/41 | &nbsp;&nbsp; 126 | &nbsp;&nbsp; 122684 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 12/01/41 | &nbsp;&nbsp; $122 | &nbsp;&nbsp; $118163 |
| 3.50%, 01/01/42 | &nbsp;&nbsp; 705 | &nbsp;&nbsp; 685234 |
| 3.50%, 02/01/42 | &nbsp;&nbsp; 665 | &nbsp;&nbsp; 646511 |
| 3.50%, 03/01/42 | &nbsp;&nbsp; 9233 | &nbsp;&nbsp; 8931087 |
| 3.50%, 04/01/42 | &nbsp;&nbsp; 253 | &nbsp;&nbsp; 245401 |
| 3.50%, 05/01/42 | &nbsp;&nbsp; 1904 | &nbsp;&nbsp; 1850343 |
| 3.50%, 06/01/42 | &nbsp;&nbsp; 152 | &nbsp;&nbsp; 146581 |
| 3.50%, 07/01/42 | &nbsp;&nbsp; 1489 | &nbsp;&nbsp; 1440876 |
| 3.50%, 08/01/42 | &nbsp;&nbsp; 10537 | &nbsp;&nbsp; 10201425 |
| 3.50%, 09/01/42 | &nbsp;&nbsp; 3105 | &nbsp;&nbsp; 3008711 |
| 3.50%, 10/01/42 | &nbsp;&nbsp; 8948 | &nbsp;&nbsp; 8655325 |
| 3.50%, 11/01/42 | &nbsp;&nbsp; 1232 | &nbsp;&nbsp; 1194679 |
| 3.50%, 12/01/42 | &nbsp;&nbsp; 7964 | &nbsp;&nbsp; 7711782 |
| 3.50%, 01/01/43 | &nbsp;&nbsp; 598 | &nbsp;&nbsp; 581321 |
| 3.50%, 03/01/43 | &nbsp;&nbsp; 3747 | &nbsp;&nbsp; 3626849 |
| 3.50%, 04/01/43 | &nbsp;&nbsp; 457 | &nbsp;&nbsp; 445183 |
| 3.50%, 05/01/43 | &nbsp;&nbsp; 1227 | &nbsp;&nbsp; 1189642 |
| 3.50%, 06/01/43 | &nbsp;&nbsp; 6104 | &nbsp;&nbsp; 5910854 |
| 3.50%, 07/01/43 | &nbsp;&nbsp; 10871 | &nbsp;&nbsp; 10599186 |
| 3.50%, 08/01/43 | &nbsp;&nbsp; 186 | &nbsp;&nbsp; 180985 |
| 3.50%, 09/01/43 | &nbsp;&nbsp; 176 | &nbsp;&nbsp; 170694 |
| 3.50%, 10/01/43 | &nbsp;&nbsp; 1517 | &nbsp;&nbsp; 1477307 |
| 3.50%, 11/01/43 | &nbsp;&nbsp; 177 | &nbsp;&nbsp; 171258 |
| 3.50%, 12/01/43 | &nbsp;&nbsp; 134 | &nbsp;&nbsp; 130066 |
| 3.50%, 01/01/44 | &nbsp;&nbsp; 227 | &nbsp;&nbsp; 219542 |
| 3.50%, 02/01/44 | &nbsp;&nbsp; 277 | &nbsp;&nbsp; 268105 |
| 3.50%, 04/01/44 | &nbsp;&nbsp; 5527 | &nbsp;&nbsp; 5381152 |
| 3.50%, 05/01/44 | &nbsp;&nbsp; 1530 | &nbsp;&nbsp; 1489468 |
| 3.50%, 06/01/44 | &nbsp;&nbsp; 529 | &nbsp;&nbsp; 513994 |
| 3.50%, 09/01/44 | &nbsp;&nbsp; 903 | &nbsp;&nbsp; 877549 |
| 3.50%, 10/01/44 | &nbsp;&nbsp; 3619 | &nbsp;&nbsp; 3478849 |
| 3.50%, 11/01/44 | &nbsp;&nbsp; 11306 | &nbsp;&nbsp; 10887610 |
| 3.50%, 12/01/44 | &nbsp;&nbsp; 752 | &nbsp;&nbsp; 720302 |
| 3.50%, 01/01/45 | &nbsp;&nbsp; 11075 | &nbsp;&nbsp; 10769828 |
| 3.50%, 02/01/45 | &nbsp;&nbsp; 8481 | &nbsp;&nbsp; 8205845 |
| 3.50%, 03/01/45 | &nbsp;&nbsp; 1564 | &nbsp;&nbsp; 1493763 |
| 3.50%, 04/01/45 | &nbsp;&nbsp; 1530 | &nbsp;&nbsp; 1480241 |
| 3.50%, 05/01/45 | &nbsp;&nbsp; 698 | &nbsp;&nbsp; 668671 |
| 3.50%, 06/01/45 | &nbsp;&nbsp; 4148 | &nbsp;&nbsp; 4012014 |
| 3.50%, 07/01/45 | &nbsp;&nbsp; 6722 | &nbsp;&nbsp; 6500996 |
| 3.50%, 08/01/45 | &nbsp;&nbsp; 15898 | &nbsp;&nbsp; 15346717 |
| 3.50%, 09/01/45 | &nbsp;&nbsp; 14143 | &nbsp;&nbsp; 13730972 |
| 3.50%, 10/01/45 | &nbsp;&nbsp; 3643 | &nbsp;&nbsp; 3525569 |
| 3.50%, 11/01/45 | &nbsp;&nbsp; 6480 | &nbsp;&nbsp; 6253637 |
| 3.50%, 12/01/45 | &nbsp;&nbsp; 5371 | &nbsp;&nbsp; 5147437 |
| 3.50%, 01/01/46 | &nbsp;&nbsp; 15503 | &nbsp;&nbsp; 14993591 |
| 3.50%, 02/01/46 | &nbsp;&nbsp; 25217 | &nbsp;&nbsp; 24166316 |
| 3.50%, 03/01/46 | &nbsp;&nbsp; 7355 | &nbsp;&nbsp; 7057549 |
| 3.50%, 04/01/46 | &nbsp;&nbsp; 10978 | &nbsp;&nbsp; 10610225 |
| 3.50%, 05/01/46 | &nbsp;&nbsp; 3568 | &nbsp;&nbsp; 3414346 |
| 3.50%, 06/01/46 | &nbsp;&nbsp; 6936 | &nbsp;&nbsp; 6660368 |
| 3.50%, 07/01/46 | &nbsp;&nbsp; 81269 | &nbsp;&nbsp; 78738336 |
| 3.50%, 08/01/46 | &nbsp;&nbsp; 2634 | &nbsp;&nbsp; 2531626 |
| 3.50%, 09/01/46 | &nbsp;&nbsp; 7517 | &nbsp;&nbsp; 7175423 |
| 3.50%, 10/01/46 | &nbsp;&nbsp; 13053 | &nbsp;&nbsp; 12548462 |
| 3.50%, 11/01/46 | &nbsp;&nbsp; 14621 | &nbsp;&nbsp; 14018584 |
| 3.50%, 12/01/46 | &nbsp;&nbsp; 39049 | &nbsp;&nbsp; 37601318 |
| 3.50%, 01/01/47 | &nbsp;&nbsp; 25423 | &nbsp;&nbsp; 24423851 |
| 3.50%, 02/01/47 | &nbsp;&nbsp; 15505 | &nbsp;&nbsp; 14853533 |
| 3.50%, 03/01/47 | &nbsp;&nbsp; 1732 | &nbsp;&nbsp; 1671827 |
| 3.50%, 04/01/47 | &nbsp;&nbsp; 6150 | &nbsp;&nbsp; 5892374 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 05/01/47 | &nbsp;&nbsp; $15972 | &nbsp;&nbsp; $15364639 |
| 3.50%, 06/01/47 | &nbsp;&nbsp; 3935 | &nbsp;&nbsp; 3780651 |
| 3.50%, 07/01/47 | &nbsp;&nbsp; 53276 | &nbsp;&nbsp; 51328103 |
| 3.50%, 08/01/47 | &nbsp;&nbsp; 19013 | &nbsp;&nbsp; 18303346 |
| 3.50%, 09/01/47 | &nbsp;&nbsp; 26565 | &nbsp;&nbsp; 25494890 |
| 3.50%, 10/01/47 | &nbsp;&nbsp; 7580 | &nbsp;&nbsp; 7264201 |
| 3.50%, 11/01/47 | &nbsp;&nbsp; 17425 | &nbsp;&nbsp; 16674574 |
| 3.50%, 12/01/47 | &nbsp;&nbsp; 27628 | &nbsp;&nbsp; 26493531 |
| 3.50%, 01/01/48 | &nbsp;&nbsp; 37797 | &nbsp;&nbsp; 36135678 |
| 3.50%, 02/01/48 | &nbsp;&nbsp; 24319 | &nbsp;&nbsp; 23278126 |
| 3.50%, 03/01/48 | &nbsp;&nbsp; 21183 | &nbsp;&nbsp; 20357322 |
| 3.50%, 04/01/48 | &nbsp;&nbsp; 7981 | &nbsp;&nbsp; 7631268 |
| 3.50%, 05/01/48 | &nbsp;&nbsp; 41657 | &nbsp;&nbsp; 40324954 |
| 3.50%, 06/01/48 | &nbsp;&nbsp; 5317 | &nbsp;&nbsp; 5089467 |
| 3.50%, 07/01/48 | &nbsp;&nbsp; 13103 | &nbsp;&nbsp; 12547313 |
| 3.50%, 09/01/48 | &nbsp;&nbsp; 873 | &nbsp;&nbsp; 828528 |
| 3.50%, 10/01/48 | &nbsp;&nbsp; 758 | &nbsp;&nbsp; 724096 |
| 3.50%, 11/01/48 | &nbsp;&nbsp; 25466 | &nbsp;&nbsp; 24451448 |
| 3.50%, 01/01/49 | &nbsp;&nbsp; 4364 | &nbsp;&nbsp; 4173120 |
| 3.50%, 02/01/49 | &nbsp;&nbsp; 3537 | &nbsp;&nbsp; 3369025 |
| 3.50%, 03/01/49 | &nbsp;&nbsp; 2605 | &nbsp;&nbsp; 2474722 |
| 3.50%, 04/01/49 | &nbsp;&nbsp; 5375 | &nbsp;&nbsp; 5096163 |
| 3.50%, 05/01/49 | &nbsp;&nbsp; 28019 | &nbsp;&nbsp; 26744057 |
| 3.50%, 06/01/49 | &nbsp;&nbsp; 68484 | &nbsp;&nbsp; 65552121 |
| 3.50%, 07/01/49 | &nbsp;&nbsp; 58097 | &nbsp;&nbsp; 55421634 |
| 3.50%, 08/01/49 | &nbsp;&nbsp; 15645 | &nbsp;&nbsp; 14797768 |
| 3.50%, 09/01/49 | &nbsp;&nbsp; 1065 | &nbsp;&nbsp; 1013106 |
| 3.50%, 11/01/49 | &nbsp;&nbsp; 9828 | &nbsp;&nbsp; 9405170 |
| 3.50%, 12/01/49 | &nbsp;&nbsp; 17977 | &nbsp;&nbsp; 17131353 |
| 3.50%, 01/01/50 | &nbsp;&nbsp; 6720 | &nbsp;&nbsp; 6419111 |
| 3.50%, 02/01/50 | &nbsp;&nbsp; 6883 | &nbsp;&nbsp; 6569594 |
| 3.50%, 03/01/50 | &nbsp;&nbsp; 8828 | &nbsp;&nbsp; 8434772 |
| 3.50%, 04/01/50 | &nbsp;&nbsp; 16209 | &nbsp;&nbsp; 15453221 |
| 3.50%, 05/01/50 | &nbsp;&nbsp; 3691 | &nbsp;&nbsp; 3540652 |
| 3.50%, 06/01/50 | &nbsp;&nbsp; 24768 | &nbsp;&nbsp; 23707508 |
| 3.50%, 07/01/50 | &nbsp;&nbsp; 3273 | &nbsp;&nbsp; 3136812 |
| 3.50%, 08/01/50 | &nbsp;&nbsp; 42662 | &nbsp;&nbsp; 40801001 |
| 3.50%, 09/01/50 | &nbsp;&nbsp; 34336 | &nbsp;&nbsp; 32677233 |
| 3.50%, 10/01/50 | &nbsp;&nbsp; 1696 | &nbsp;&nbsp; 1624567 |
| 3.50%, 11/01/50 | &nbsp;&nbsp; 10971 | &nbsp;&nbsp; 10422316 |
| 3.50%, 12/01/50 | &nbsp;&nbsp; 33215 | &nbsp;&nbsp; 31811075 |
| 3.50%, 01/01/51 | &nbsp;&nbsp; 57425 | &nbsp;&nbsp; 54761466 |
| 3.50%, 02/01/51 | &nbsp;&nbsp; 762 | &nbsp;&nbsp; 721666 |
| 3.50%, 03/01/51 | &nbsp;&nbsp; 3837 | &nbsp;&nbsp; 3660830 |
| 3.50%, 05/01/51 | &nbsp;&nbsp; 10120 | &nbsp;&nbsp; 9608956 |
| 3.50%, 06/01/51 | &nbsp;&nbsp; 8490 | &nbsp;&nbsp; 8006359 |
| 3.50%, 07/01/51 | &nbsp;&nbsp; 1078 | &nbsp;&nbsp; 1020993 |
| 3.50%, 08/01/51 | &nbsp;&nbsp; 6069 | &nbsp;&nbsp; 5750270 |
| 3.50%, 09/01/51 | &nbsp;&nbsp; 4324 | &nbsp;&nbsp; 4101106 |
| 3.50%, 10/01/51 | &nbsp;&nbsp; 52904 | &nbsp;&nbsp; 50474872 |
| 3.50%, 12/01/51 | &nbsp;&nbsp; 14519 | &nbsp;&nbsp; 13748090 |
| 3.50%, 01/01/52 | &nbsp;&nbsp; 32676 | &nbsp;&nbsp; 31058771 |
| 3.50%, 02/01/52 | &nbsp;&nbsp; 33949 | &nbsp;&nbsp; 32111422 |
| 3.50%, 03/01/52 | &nbsp;&nbsp; 13793 | &nbsp;&nbsp; 13032955 |
| 3.50%, 04/01/52 | &nbsp;&nbsp; 41840 | &nbsp;&nbsp; 39781453 |
| 3.50%, 05/01/52 | &nbsp;&nbsp; 38566 | &nbsp;&nbsp; 36504476 |
| 3.50%, 06/01/52 | &nbsp;&nbsp; 118474 | &nbsp;&nbsp; 112509452 |
| 3.50%, 07/01/52 | &nbsp;&nbsp; 6950 | &nbsp;&nbsp; 6581948 |
| 3.50%, 08/01/52 | &nbsp;&nbsp; 81806 | &nbsp;&nbsp; 77562500 |
| 3.50%, 09/01/52 | &nbsp;&nbsp; 52475 | &nbsp;&nbsp; 49851846 |
| 3.50%, 12/01/52 | &nbsp;&nbsp; 47495 | &nbsp;&nbsp; 44865383 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 3.50%, 02/01/53 | &nbsp;&nbsp; $11769 | &nbsp;&nbsp; $11196397 |
| 3.50%, 04/01/53 | &nbsp;&nbsp; 8478 | &nbsp;&nbsp; 8065554 |
| 3.50%, 08/01/53 | &nbsp;&nbsp; 31901 | &nbsp;&nbsp; 30381051 |
| 4.00%, 03/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 111 |
| 4.00%, 05/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 291 |
| 4.00%, 06/01/26 | &nbsp;&nbsp; 53 | &nbsp;&nbsp; 52862 |
| 4.00%, 07/01/26 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1878 |
| 4.00%, 08/01/26 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 560 |
| 4.00%, 09/01/26 | &nbsp;&nbsp; 49 | &nbsp;&nbsp; 48427 |
| 4.00%, 03/01/27 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40222 |
| 4.00%, 08/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 132 |
| 4.00%, 02/01/29 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1538 |
| 4.00%, 12/01/30 | &nbsp;&nbsp; 312 | &nbsp;&nbsp; 311978 |
| 4.00%, 01/01/31 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 200028 |
| 4.00%, 02/01/31 | &nbsp;&nbsp; 137 | &nbsp;&nbsp; 136851 |
| 4.00%, 03/01/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4632 |
| 4.00%, 10/01/31 | &nbsp;&nbsp; 483 | &nbsp;&nbsp; 483401 |
| 4.00%, 02/01/32 | &nbsp;&nbsp; 1281 | &nbsp;&nbsp; 1282784 |
| 4.00%, 04/01/32 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2960 |
| 4.00%, 05/01/32 | &nbsp;&nbsp; 609 | &nbsp;&nbsp; 610998 |
| 4.00%, 06/01/32 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3250 |
| 4.00%, 07/01/32 | &nbsp;&nbsp; 154 | &nbsp;&nbsp; 154339 |
| 4.00%, 10/01/32 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8356 |
| 4.00%, 05/01/33 | &nbsp;&nbsp; 59 | &nbsp;&nbsp; 58622 |
| 4.00%, 07/01/33 | &nbsp;&nbsp; 421 | &nbsp;&nbsp; 421595 |
| 4.00%, 08/01/33 | &nbsp;&nbsp; 638 | &nbsp;&nbsp; 638808 |
| 4.00%, 09/01/33 | &nbsp;&nbsp; 993 | &nbsp;&nbsp; 995231 |
| 4.00%, 10/01/33 | &nbsp;&nbsp; 563 | &nbsp;&nbsp; 563283 |
| 4.00%, 11/01/33 | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 34093 |
| 4.00%, 12/01/33 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 14945 |
| 4.00%, 01/01/34 | &nbsp;&nbsp; 179 | &nbsp;&nbsp; 178961 |
| 4.00%, 03/01/34 | &nbsp;&nbsp; 398 | &nbsp;&nbsp; 398967 |
| 4.00%, 04/01/34 | &nbsp;&nbsp; 322 | &nbsp;&nbsp; 322154 |
| 4.00%, 05/01/34 | &nbsp;&nbsp; 348 | &nbsp;&nbsp; 348603 |
| 4.00%, 06/01/34 | &nbsp;&nbsp; 880 | &nbsp;&nbsp; 881363 |
| 4.00%, 07/01/34 | &nbsp;&nbsp; 765 | &nbsp;&nbsp; 766453 |
| 4.00%, 08/01/34 | &nbsp;&nbsp; 437 | &nbsp;&nbsp; 437341 |
| 4.00%, 09/01/34 | &nbsp;&nbsp; 2765 | &nbsp;&nbsp; 2768868 |
| 4.00%, 10/01/34 | &nbsp;&nbsp; 650 | &nbsp;&nbsp; 650594 |
| 4.00%, 08/01/35 | &nbsp;&nbsp; 976 | &nbsp;&nbsp; 973922 |
| 4.00%, 11/01/35 | &nbsp;&nbsp; 2177 | &nbsp;&nbsp; 2179784 |
| 4.00%, 01/01/36 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10155 |
| 4.00%, 07/01/37 | &nbsp;&nbsp; 2003 | &nbsp;&nbsp; 1995564 |
| 4.00%, 08/01/37 | &nbsp;&nbsp; 5531 | &nbsp;&nbsp; 5514278 |
| 4.00%, 09/01/37 | &nbsp;&nbsp; 7442 | &nbsp;&nbsp; 7418189 |
| 4.00%, 10/01/37 | &nbsp;&nbsp; 12546 | &nbsp;&nbsp; 12532195 |
| 4.00%, 11/01/37 | &nbsp;&nbsp; 8124 | &nbsp;&nbsp; 8099160 |
| 4.00%, 01/01/38 | &nbsp;&nbsp; 1745 | &nbsp;&nbsp; 1739809 |
| 4.00%, 02/01/38 | &nbsp;&nbsp; 1443 | &nbsp;&nbsp; 1438783 |
| 4.00%, 03/01/38 | &nbsp;&nbsp; 3360 | &nbsp;&nbsp; 3346732 |
| 4.00%, 04/01/38 | &nbsp;&nbsp; 990 | &nbsp;&nbsp; 984638 |
| 4.00%, 05/01/38 | &nbsp;&nbsp; 2318 | &nbsp;&nbsp; 2306752 |
| 4.00%, 06/01/38 | &nbsp;&nbsp; 1334 | &nbsp;&nbsp; 1328358 |
| 4.00%, 07/01/38 | &nbsp;&nbsp; 4646 | &nbsp;&nbsp; 4623712 |
| 4.00%, 10/01/38 | &nbsp;&nbsp; 1004 | &nbsp;&nbsp; 999424 |
| 4.00%, 11/01/38 | &nbsp;&nbsp; 783 | &nbsp;&nbsp; 779489 |
| 4.00%, 03/01/39 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10456 |
| 4.00%, 04/01/39 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 22077 |
| 4.00%, 05/01/39 | &nbsp;&nbsp; 316 | &nbsp;&nbsp; 314119 |
| 4.00%, 07/01/39 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12207 |
| 4.00%, 08/01/39 | &nbsp;&nbsp; 203 | &nbsp;&nbsp; 201316 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 09/01/39 | &nbsp;&nbsp; $18 | &nbsp;&nbsp; $18020 |
| 4.00%, 10/01/39 | &nbsp;&nbsp; 382 | &nbsp;&nbsp; 379971 |
| 4.00%, 11/01/39 | &nbsp;&nbsp; 36697 | &nbsp;&nbsp; 36440347 |
| 4.00%, 12/01/39 | &nbsp;&nbsp; 45389 | &nbsp;&nbsp; 45070600 |
| 4.00%, 02/01/40 | &nbsp;&nbsp; 12703 | &nbsp;&nbsp; 12613426 |
| 4.00%, 03/15/40<sup>(c)</sup> | &nbsp;&nbsp; 40300 | &nbsp;&nbsp; 39951936 |
| 4.00%, 05/01/40 | &nbsp;&nbsp; 6627 | &nbsp;&nbsp; 6568598 |
| 4.00%, 07/01/40 | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 27804 |
| 4.00%, 08/01/40 | &nbsp;&nbsp; 2134 | &nbsp;&nbsp; 2119951 |
| 4.00%, 09/01/40 | &nbsp;&nbsp; 621 | &nbsp;&nbsp; 618128 |
| 4.00%, 10/01/40 | &nbsp;&nbsp; 268 | &nbsp;&nbsp; 265906 |
| 4.00%, 11/01/40 | &nbsp;&nbsp; 3795 | &nbsp;&nbsp; 3775513 |
| 4.00%, 12/01/40 | &nbsp;&nbsp; 1432 | &nbsp;&nbsp; 1424851 |
| 4.00%, 01/01/41 | &nbsp;&nbsp; 7046 | &nbsp;&nbsp; 7009846 |
| 4.00%, 02/01/41 | &nbsp;&nbsp; 657 | &nbsp;&nbsp; 654278 |
| 4.00%, 03/01/41 | &nbsp;&nbsp; 538 | &nbsp;&nbsp; 537775 |
| 4.00%, 04/01/41 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 26940 |
| 4.00%, 05/01/41 | &nbsp;&nbsp; 856 | &nbsp;&nbsp; 855178 |
| 4.00%, 08/01/41 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1196 |
| 4.00%, 09/01/41 | &nbsp;&nbsp; 1603 | &nbsp;&nbsp; 1603989 |
| 4.00%, 10/01/41 | &nbsp;&nbsp; 2019 | &nbsp;&nbsp; 2018974 |
| 4.00%, 11/01/41 | &nbsp;&nbsp; 98 | &nbsp;&nbsp; 97545 |
| 4.00%, 12/01/41 | &nbsp;&nbsp; 604 | &nbsp;&nbsp; 603856 |
| 4.00%, 01/01/42 | &nbsp;&nbsp; 840 | &nbsp;&nbsp; 839801 |
| 4.00%, 02/01/42 | &nbsp;&nbsp; 142 | &nbsp;&nbsp; 142249 |
| 4.00%, 03/01/42 | &nbsp;&nbsp; 3890 | &nbsp;&nbsp; 3865646 |
| 4.00%, 05/01/42 | &nbsp;&nbsp; 677 | &nbsp;&nbsp; 673359 |
| 4.00%, 06/01/42 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 26127 |
| 4.00%, 07/01/42 | &nbsp;&nbsp; 289 | &nbsp;&nbsp; 286786 |
| 4.00%, 08/01/42 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1896 |
| 4.00%, 09/01/42 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3754 |
| 4.00%, 12/01/42 | &nbsp;&nbsp; 53 | &nbsp;&nbsp; 52572 |
| 4.00%, 01/01/43 | &nbsp;&nbsp; 1315 | &nbsp;&nbsp; 1306479 |
| 4.00%, 08/01/43 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 13885 |
| 4.00%, 09/01/43 | &nbsp;&nbsp; 880 | &nbsp;&nbsp; 874846 |
| 4.00%, 10/01/43 | &nbsp;&nbsp; 117 | &nbsp;&nbsp; 117623 |
| 4.00%, 11/01/43 | &nbsp;&nbsp; 229 | &nbsp;&nbsp; 227223 |
| 4.00%, 12/01/43 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3792 |
| 4.00%, 01/01/44 | &nbsp;&nbsp; 664 | &nbsp;&nbsp; 659148 |
| 4.00%, 02/01/44 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7736 |
| 4.00%, 03/01/44 | &nbsp;&nbsp; 799 | &nbsp;&nbsp; 793061 |
| 4.00%, 04/01/44 | &nbsp;&nbsp; 779 | &nbsp;&nbsp; 772508 |
| 4.00%, 05/01/44 | &nbsp;&nbsp; 7042 | &nbsp;&nbsp; 7019998 |
| 4.00%, 06/01/44 | &nbsp;&nbsp; 1992 | &nbsp;&nbsp; 1990283 |
| 4.00%, 07/01/44 | &nbsp;&nbsp; 5619 | &nbsp;&nbsp; 5573345 |
| 4.00%, 08/01/44 | &nbsp;&nbsp; 154 | &nbsp;&nbsp; 151784 |
| 4.00%, 09/01/44 | &nbsp;&nbsp; 118 | &nbsp;&nbsp; 116357 |
| 4.00%, 10/01/44 | &nbsp;&nbsp; 9932 | &nbsp;&nbsp; 9838537 |
| 4.00%, 11/01/44 | &nbsp;&nbsp; 3672 | &nbsp;&nbsp; 3635420 |
| 4.00%, 12/01/44 | &nbsp;&nbsp; 1972 | &nbsp;&nbsp; 1946726 |
| 4.00%, 01/01/45 | &nbsp;&nbsp; 6921 | &nbsp;&nbsp; 6874308 |
| 4.00%, 02/01/45 | &nbsp;&nbsp; 5564 | &nbsp;&nbsp; 5522393 |
| 4.00%, 03/01/45 | &nbsp;&nbsp; 9242 | &nbsp;&nbsp; 9205264 |
| 4.00%, 04/01/45 | &nbsp;&nbsp; 714 | &nbsp;&nbsp; 704178 |
| 4.00%, 06/01/45 | &nbsp;&nbsp; 5067 | &nbsp;&nbsp; 5025082 |
| 4.00%, 07/01/45 | &nbsp;&nbsp; 9786 | &nbsp;&nbsp; 9690810 |
| 4.00%, 08/01/45 | &nbsp;&nbsp; 234 | &nbsp;&nbsp; 230448 |
| 4.00%, 09/01/45 | &nbsp;&nbsp; 10258 | &nbsp;&nbsp; 10118336 |
| 4.00%, 10/01/45 | &nbsp;&nbsp; 2404 | &nbsp;&nbsp; 2376487 |
| 4.00%, 11/01/45 | &nbsp;&nbsp; 5700 | &nbsp;&nbsp; 5627558 |
| 4.00%, 12/01/45 | &nbsp;&nbsp; 625 | &nbsp;&nbsp; 616115 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 01/01/46 | &nbsp;&nbsp; $1610 | &nbsp;&nbsp; $1590246 |
| 4.00%, 02/01/46 | &nbsp;&nbsp; 2971 | &nbsp;&nbsp; 2938134 |
| 4.00%, 03/01/46 | &nbsp;&nbsp; 7828 | &nbsp;&nbsp; 7737610 |
| 4.00%, 04/01/46 | &nbsp;&nbsp; 4639 | &nbsp;&nbsp; 4571772 |
| 4.00%, 05/01/46 | &nbsp;&nbsp; 6490 | &nbsp;&nbsp; 6398386 |
| 4.00%, 06/01/46 | &nbsp;&nbsp; 11036 | &nbsp;&nbsp; 10924578 |
| 4.00%, 07/01/46 | &nbsp;&nbsp; 1114 | &nbsp;&nbsp; 1099409 |
| 4.00%, 08/01/46 | &nbsp;&nbsp; 6162 | &nbsp;&nbsp; 6082378 |
| 4.00%, 09/01/46 | &nbsp;&nbsp; 10382 | &nbsp;&nbsp; 10267805 |
| 4.00%, 10/01/46 | &nbsp;&nbsp; 2149 | &nbsp;&nbsp; 2133583 |
| 4.00%, 11/01/46 | &nbsp;&nbsp; 14982 | &nbsp;&nbsp; 14821252 |
| 4.00%, 01/01/47 | &nbsp;&nbsp; 3278 | &nbsp;&nbsp; 3234795 |
| 4.00%, 02/01/47 | &nbsp;&nbsp; 2302 | &nbsp;&nbsp; 2271591 |
| 4.00%, 03/01/47 | &nbsp;&nbsp; 6364 | &nbsp;&nbsp; 6282815 |
| 4.00%, 04/01/47 | &nbsp;&nbsp; 20004 | &nbsp;&nbsp; 19678443 |
| 4.00%, 05/01/47 | &nbsp;&nbsp; 8168 | &nbsp;&nbsp; 8051544 |
| 4.00%, 06/01/47 | &nbsp;&nbsp; 36300 | &nbsp;&nbsp; 35814342 |
| 4.00%, 07/01/47 | &nbsp;&nbsp; 10472 | &nbsp;&nbsp; 10321903 |
| 4.00%, 08/01/47 | &nbsp;&nbsp; 18934 | &nbsp;&nbsp; 18627387 |
| 4.00%, 09/01/47 | &nbsp;&nbsp; 20943 | &nbsp;&nbsp; 20625998 |
| 4.00%, 10/01/47 | &nbsp;&nbsp; 21413 | &nbsp;&nbsp; 21032640 |
| 4.00%, 11/01/47 | &nbsp;&nbsp; 17520 | &nbsp;&nbsp; 17270921 |
| 4.00%, 12/01/47 | &nbsp;&nbsp; 6925 | &nbsp;&nbsp; 6826805 |
| 4.00%, 01/01/48 | &nbsp;&nbsp; 7150 | &nbsp;&nbsp; 7028390 |
| 4.00%, 02/01/48 | &nbsp;&nbsp; 30424 | &nbsp;&nbsp; 29926513 |
| 4.00%, 03/01/48 | &nbsp;&nbsp; 2331 | &nbsp;&nbsp; 2294274 |
| 4.00%, 04/01/48 | &nbsp;&nbsp; 13325 | &nbsp;&nbsp; 13107955 |
| 4.00%, 05/01/48 | &nbsp;&nbsp; 4816 | &nbsp;&nbsp; 4726313 |
| 4.00%, 06/01/48 | &nbsp;&nbsp; 2211 | &nbsp;&nbsp; 2178046 |
| 4.00%, 07/01/48 | &nbsp;&nbsp; 8408 | &nbsp;&nbsp; 8278798 |
| 4.00%, 08/01/48 | &nbsp;&nbsp; 3445 | &nbsp;&nbsp; 3392145 |
| 4.00%, 09/01/48 | &nbsp;&nbsp; 14078 | &nbsp;&nbsp; 13823585 |
| 4.00%, 10/01/48 | &nbsp;&nbsp; 20476 | &nbsp;&nbsp; 20092057 |
| 4.00%, 11/01/48 | &nbsp;&nbsp; 25353 | &nbsp;&nbsp; 24893973 |
| 4.00%, 12/01/48 | &nbsp;&nbsp; 8976 | &nbsp;&nbsp; 8845804 |
| 4.00%, 01/01/49 | &nbsp;&nbsp; 29111 | &nbsp;&nbsp; 28698531 |
| 4.00%, 02/01/49 | &nbsp;&nbsp; 4906 | &nbsp;&nbsp; 4824765 |
| 4.00%, 03/01/49 | &nbsp;&nbsp; 23960 | &nbsp;&nbsp; 23513247 |
| 4.00%, 04/01/49 | &nbsp;&nbsp; 26744 | &nbsp;&nbsp; 26282068 |
| 4.00%, 05/01/49 | &nbsp;&nbsp; 14221 | &nbsp;&nbsp; 14022963 |
| 4.00%, 06/01/49 | &nbsp;&nbsp; 30248 | &nbsp;&nbsp; 29715641 |
| 4.00%, 07/01/49 | &nbsp;&nbsp; 38705 | &nbsp;&nbsp; 38241758 |
| 4.00%, 08/01/49 | &nbsp;&nbsp; 532 | &nbsp;&nbsp; 521618 |
| 4.00%, 09/01/49 | &nbsp;&nbsp; 20364 | &nbsp;&nbsp; 20045193 |
| 4.00%, 10/01/49 | &nbsp;&nbsp; 23287 | &nbsp;&nbsp; 23002634 |
| 4.00%, 11/01/49 | &nbsp;&nbsp; 39258 | &nbsp;&nbsp; 38453936 |
| 4.00%, 12/01/49 | &nbsp;&nbsp; 16395 | &nbsp;&nbsp; 16134757 |
| 4.00%, 01/01/50 | &nbsp;&nbsp; 37408 | &nbsp;&nbsp; 36807757 |
| 4.00%, 02/01/50 | &nbsp;&nbsp; 1130 | &nbsp;&nbsp; 1111160 |
| 4.00%, 03/01/50 | &nbsp;&nbsp; 3103 | &nbsp;&nbsp; 3045665 |
| 4.00%, 04/01/50 | &nbsp;&nbsp; 7340 | &nbsp;&nbsp; 7223907 |
| 4.00%, 05/01/50 | &nbsp;&nbsp; 12407 | &nbsp;&nbsp; 12165756 |
| 4.00%, 06/01/50 | &nbsp;&nbsp; 1433 | &nbsp;&nbsp; 1400557 |
| 4.00%, 07/01/50 | &nbsp;&nbsp; 618 | &nbsp;&nbsp; 608720 |
| 4.00%, 08/01/50 | &nbsp;&nbsp; 9235 | &nbsp;&nbsp; 9053681 |
| 4.00%, 11/01/50 | &nbsp;&nbsp; 9701 | &nbsp;&nbsp; 9568423 |
| 4.00%, 12/01/50 | &nbsp;&nbsp; 6208 | &nbsp;&nbsp; 6085468 |
| 4.00%, 01/01/51 | &nbsp;&nbsp; 632 | &nbsp;&nbsp; 619659 |
| 4.00%, 03/01/51 | &nbsp;&nbsp; 709 | &nbsp;&nbsp; 695207 |
| 4.00%, 05/01/51 | &nbsp;&nbsp; 17964 | &nbsp;&nbsp; 17635027 |
| 4.00%, 08/01/51 | &nbsp;&nbsp; 18085 | &nbsp;&nbsp; 17730566 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.00%, 09/01/51 | &nbsp;&nbsp; $13422 | &nbsp;&nbsp; $13207771 |
| 4.00%, 10/01/51 | &nbsp;&nbsp; 6696 | &nbsp;&nbsp; 6565191 |
| 4.00%, 11/01/51 | &nbsp;&nbsp; 7758 | &nbsp;&nbsp; 7604456 |
| 4.00%, 12/01/51 | &nbsp;&nbsp; 1639 | &nbsp;&nbsp; 1603038 |
| 4.00%, 02/01/52 | &nbsp;&nbsp; 2357 | &nbsp;&nbsp; 2299529 |
| 4.00%, 05/01/52 | &nbsp;&nbsp; 29023 | &nbsp;&nbsp; 28389335 |
| 4.00%, 06/01/52 | &nbsp;&nbsp; 101736 | &nbsp;&nbsp; 99596406 |
| 4.00%, 07/01/52 | &nbsp;&nbsp; 24319 | &nbsp;&nbsp; 23830101 |
| 4.00%, 08/01/52 | &nbsp;&nbsp; 100546 | &nbsp;&nbsp; 98161868 |
| 4.00%, 09/01/52 | &nbsp;&nbsp; 12995 | &nbsp;&nbsp; 12683448 |
| 4.00%, 10/01/52 | &nbsp;&nbsp; 74582 | &nbsp;&nbsp; 72834190 |
| 4.00%, 11/01/52 | &nbsp;&nbsp; 25438 | &nbsp;&nbsp; 24823750 |
| 4.00%, 12/01/52 | &nbsp;&nbsp; 22000 | &nbsp;&nbsp; 21408284 |
| 4.00%, 01/01/53 | &nbsp;&nbsp; 2198 | &nbsp;&nbsp; 2155232 |
| 4.00%, 02/01/53 | &nbsp;&nbsp; 73917 | &nbsp;&nbsp; 72557770 |
| 4.00%, 03/01/53 | &nbsp;&nbsp; 18145 | &nbsp;&nbsp; 17663885 |
| 4.00%, 04/01/53 | &nbsp;&nbsp; 15123 | &nbsp;&nbsp; 14772437 |
| 4.00%, 05/01/53 | &nbsp;&nbsp; 49597 | &nbsp;&nbsp; 48460556 |
| 4.00%, 09/01/53 | &nbsp;&nbsp; 9830 | &nbsp;&nbsp; 9628605 |
| 4.00%, 12/01/53 | &nbsp;&nbsp; 22047 | &nbsp;&nbsp; 21450777 |
| 4.50%, 04/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 23 |
| 4.50%, 10/01/26 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1430 |
| 4.50%, 01/01/27 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3587 |
| 4.50%, 11/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 158 |
| 4.50%, 08/01/31 | &nbsp;&nbsp; 692 | &nbsp;&nbsp; 699579 |
| 4.50%, 04/01/33 | &nbsp;&nbsp; 253 | &nbsp;&nbsp; 256353 |
| 4.50%, 07/01/33 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 29130 |
| 4.50%, 08/01/33 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 18171 |
| 4.50%, 09/01/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4053 |
| 4.50%, 10/01/33 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9257 |
| 4.50%, 11/01/33 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14037 |
| 4.50%, 12/01/33 | &nbsp;&nbsp; 183 | &nbsp;&nbsp; 185423 |
| 4.50%, 01/01/34 | &nbsp;&nbsp; 839 | &nbsp;&nbsp; 853103 |
| 4.50%, 02/01/34 | &nbsp;&nbsp; 238 | &nbsp;&nbsp; 241628 |
| 4.50%, 04/01/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1219 |
| 4.50%, 05/01/34 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 5007 |
| 4.50%, 06/01/34 | &nbsp;&nbsp; 64 | &nbsp;&nbsp; 65327 |
| 4.50%, 08/01/34 | &nbsp;&nbsp; 722 | &nbsp;&nbsp; 729823 |
| 4.50%, 09/01/34 | &nbsp;&nbsp; 73 | &nbsp;&nbsp; 73937 |
| 4.50%, 12/01/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1092 |
| 4.50%, 01/01/35 | &nbsp;&nbsp; 691 | &nbsp;&nbsp; 700088 |
| 4.50%, 02/01/35 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 266 |
| 4.50%, 03/01/35 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1163 |
| 4.50%, 05/01/35 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 141 |
| 4.50%, 08/01/35 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 666 |
| 4.50%, 09/01/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4576 |
| 4.50%, 10/01/35 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1134 |
| 4.50%, 12/01/35 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 21756 |
| 4.50%, 01/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 275 |
| 4.50%, 03/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1207 |
| 4.50%, 07/01/37 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2031 |
| 4.50%, 03/01/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1987 |
| 4.50%, 04/01/38 | &nbsp;&nbsp; 93 | &nbsp;&nbsp; 94799 |
| 4.50%, 05/01/38 | &nbsp;&nbsp; 3832 | &nbsp;&nbsp; 3862554 |
| 4.50%, 06/01/38 | &nbsp;&nbsp; 940 | &nbsp;&nbsp; 949152 |
| 4.50%, 08/01/38 | &nbsp;&nbsp; 13601 | &nbsp;&nbsp; 13700198 |
| 4.50%, 09/01/38 | &nbsp;&nbsp; 7602 | &nbsp;&nbsp; 7715845 |
| 4.50%, 11/01/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2140 |
| 4.50%, 01/01/39 | &nbsp;&nbsp; 4136 | &nbsp;&nbsp; 4165432 |
| 4.50%, 02/01/39 | &nbsp;&nbsp; 505 | &nbsp;&nbsp; 512831 |
| 4.50%, 03/01/39 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 32155 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 04/01/39 | &nbsp;&nbsp; $990 | &nbsp;&nbsp; $1003795 |
| 4.50%, 05/01/39 | &nbsp;&nbsp; 1435 | &nbsp;&nbsp; 1447148 |
| 4.50%, 06/01/39 | &nbsp;&nbsp; 104 | &nbsp;&nbsp; 104646 |
| 4.50%, 07/01/39 | &nbsp;&nbsp; 116 | &nbsp;&nbsp; 118120 |
| 4.50%, 08/01/39 | &nbsp;&nbsp; 1686 | &nbsp;&nbsp; 1709418 |
| 4.50%, 09/01/39 | &nbsp;&nbsp; 49 | &nbsp;&nbsp; 50994 |
| 4.50%, 10/01/39 | &nbsp;&nbsp; 3648 | &nbsp;&nbsp; 3701504 |
| 4.50%, 11/01/39 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21470 |
| 4.50%, 12/01/39 | &nbsp;&nbsp; 13185 | &nbsp;&nbsp; 13249227 |
| 4.50%, 01/01/40 | &nbsp;&nbsp; 1157 | &nbsp;&nbsp; 1173140 |
| 4.50%, 02/01/40 | &nbsp;&nbsp; 209 | &nbsp;&nbsp; 212298 |
| 4.50%, 03/01/40 | &nbsp;&nbsp; 176 | &nbsp;&nbsp; 178964 |
| 4.50%, 04/01/40 | &nbsp;&nbsp; 18427 | &nbsp;&nbsp; 18509557 |
| 4.50%, 05/01/40 | &nbsp;&nbsp; 107 | &nbsp;&nbsp; 108544 |
| 4.50%, 06/01/40 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19652 |
| 4.50%, 07/01/40 | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 37131 |
| 4.50%, 08/01/40 | &nbsp;&nbsp; 90 | &nbsp;&nbsp; 90562 |
| 4.50%, 09/01/40 | &nbsp;&nbsp; 10565 | &nbsp;&nbsp; 10626745 |
| 4.50%, 10/01/40 | &nbsp;&nbsp; 192 | &nbsp;&nbsp; 194854 |
| 4.50%, 12/01/40 | &nbsp;&nbsp; 13076 | &nbsp;&nbsp; 13150347 |
| 4.50%, 01/01/41 | &nbsp;&nbsp; 1483 | &nbsp;&nbsp; 1504802 |
| 4.50%, 02/01/41 | &nbsp;&nbsp; 283 | &nbsp;&nbsp; 287604 |
| 4.50%, 03/01/41 | &nbsp;&nbsp; 1518 | &nbsp;&nbsp; 1539161 |
| 4.50%, 04/01/41 | &nbsp;&nbsp; 10127 | &nbsp;&nbsp; 10271379 |
| 4.50%, 05/01/41 | &nbsp;&nbsp; 9220 | &nbsp;&nbsp; 9351377 |
| 4.50%, 06/01/41 | &nbsp;&nbsp; 3731 | &nbsp;&nbsp; 3782744 |
| 4.50%, 07/01/41 | &nbsp;&nbsp; 225 | &nbsp;&nbsp; 229282 |
| 4.50%, 08/01/41 | &nbsp;&nbsp; 2446 | &nbsp;&nbsp; 2479216 |
| 4.50%, 09/01/41 | &nbsp;&nbsp; 3770 | &nbsp;&nbsp; 3822382 |
| 4.50%, 10/01/41 | &nbsp;&nbsp; 71 | &nbsp;&nbsp; 72387 |
| 4.50%, 11/01/41 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 203033 |
| 4.50%, 12/01/41 | &nbsp;&nbsp; 1868 | &nbsp;&nbsp; 1898147 |
| 4.50%, 01/01/42 | &nbsp;&nbsp; 1945 | &nbsp;&nbsp; 1971444 |
| 4.50%, 04/01/42 | &nbsp;&nbsp; 76 | &nbsp;&nbsp; 76354 |
| 4.50%, 07/01/42 | &nbsp;&nbsp; 2035 | &nbsp;&nbsp; 2063988 |
| 4.50%, 09/01/42 | &nbsp;&nbsp; 1081 | &nbsp;&nbsp; 1096651 |
| 4.50%, 10/01/42 | &nbsp;&nbsp; 1324 | &nbsp;&nbsp; 1344086 |
| 4.50%, 01/01/43 | &nbsp;&nbsp; 104 | &nbsp;&nbsp; 105014 |
| 4.50%, 09/01/43 | &nbsp;&nbsp; 1774 | &nbsp;&nbsp; 1804823 |
| 4.50%, 10/01/43 | &nbsp;&nbsp; 545 | &nbsp;&nbsp; 552854 |
| 4.50%, 11/01/43 | &nbsp;&nbsp; 1581 | &nbsp;&nbsp; 1596556 |
| 4.50%, 12/01/43 | &nbsp;&nbsp; 959 | &nbsp;&nbsp; 974038 |
| 4.50%, 01/01/44 | &nbsp;&nbsp; 205 | &nbsp;&nbsp; 207280 |
| 4.50%, 02/01/44 | &nbsp;&nbsp; 378 | &nbsp;&nbsp; 383274 |
| 4.50%, 03/01/44 | &nbsp;&nbsp; 5255 | &nbsp;&nbsp; 5331014 |
| 4.50%, 04/01/44 | &nbsp;&nbsp; 7306 | &nbsp;&nbsp; 7435058 |
| 4.50%, 05/01/44 | &nbsp;&nbsp; 401 | &nbsp;&nbsp; 405441 |
| 4.50%, 06/01/44 | &nbsp;&nbsp; 1070 | &nbsp;&nbsp; 1082741 |
| 4.50%, 07/01/44 | &nbsp;&nbsp; 143 | &nbsp;&nbsp; 143772 |
| 4.50%, 08/01/44 | &nbsp;&nbsp; 763 | &nbsp;&nbsp; 773528 |
| 4.50%, 09/01/44 | &nbsp;&nbsp; 4604 | &nbsp;&nbsp; 4651695 |
| 4.50%, 10/01/44 | &nbsp;&nbsp; 150 | &nbsp;&nbsp; 151117 |
| 4.50%, 11/01/44 | &nbsp;&nbsp; 7420 | &nbsp;&nbsp; 7529304 |
| 4.50%, 12/01/44 | &nbsp;&nbsp; 5232 | &nbsp;&nbsp; 5315756 |
| 4.50%, 01/01/45 | &nbsp;&nbsp; 631 | &nbsp;&nbsp; 640775 |
| 4.50%, 02/01/45 | &nbsp;&nbsp; 6500 | &nbsp;&nbsp; 6590635 |
| 4.50%, 03/01/45 | &nbsp;&nbsp; 745 | &nbsp;&nbsp; 754004 |
| 4.50%, 04/01/45 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4235 |
| 4.50%, 08/01/45 | &nbsp;&nbsp; 1625 | &nbsp;&nbsp; 1647750 |
| 4.50%, 09/01/45 | &nbsp;&nbsp; 267 | &nbsp;&nbsp; 270330 |
| 4.50%, 10/01/45 | &nbsp;&nbsp; 4021 | &nbsp;&nbsp; 4087890 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 11/01/45 | &nbsp;&nbsp; $316 | &nbsp;&nbsp; $318456 |
| 4.50%, 12/01/45 | &nbsp;&nbsp; 94 | &nbsp;&nbsp; 95445 |
| 4.50%, 01/01/46 | &nbsp;&nbsp; 76 | &nbsp;&nbsp; 76326 |
| 4.50%, 02/01/46 | &nbsp;&nbsp; 5035 | &nbsp;&nbsp; 5110607 |
| 4.50%, 03/01/46 | &nbsp;&nbsp; 15092 | &nbsp;&nbsp; 15319815 |
| 4.50%, 04/01/46 | &nbsp;&nbsp; 3677 | &nbsp;&nbsp; 3733532 |
| 4.50%, 05/01/46 | &nbsp;&nbsp; 666 | &nbsp;&nbsp; 674758 |
| 4.50%, 06/01/46 | &nbsp;&nbsp; 837 | &nbsp;&nbsp; 851007 |
| 4.50%, 07/01/46 | &nbsp;&nbsp; 662 | &nbsp;&nbsp; 671359 |
| 4.50%, 08/01/46 | &nbsp;&nbsp; 4809 | &nbsp;&nbsp; 4853871 |
| 4.50%, 09/01/46 | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 132020 |
| 4.50%, 10/01/46 | &nbsp;&nbsp; 577 | &nbsp;&nbsp; 581000 |
| 4.50%, 11/01/46 | &nbsp;&nbsp; 66 | &nbsp;&nbsp; 66861 |
| 4.50%, 12/01/46 | &nbsp;&nbsp; 374 | &nbsp;&nbsp; 376783 |
| 4.50%, 01/01/47 | &nbsp;&nbsp; 510 | &nbsp;&nbsp; 514350 |
| 4.50%, 02/01/47 | &nbsp;&nbsp; 311 | &nbsp;&nbsp; 312352 |
| 4.50%, 03/01/47 | &nbsp;&nbsp; 921 | &nbsp;&nbsp; 932252 |
| 4.50%, 04/01/47 | &nbsp;&nbsp; 10383 | &nbsp;&nbsp; 10487580 |
| 4.50%, 05/01/47 | &nbsp;&nbsp; 1284 | &nbsp;&nbsp; 1298264 |
| 4.50%, 06/01/47 | &nbsp;&nbsp; 6293 | &nbsp;&nbsp; 6344281 |
| 4.50%, 07/01/47 | &nbsp;&nbsp; 1702 | &nbsp;&nbsp; 1715545 |
| 4.50%, 08/01/47 | &nbsp;&nbsp; 3442 | &nbsp;&nbsp; 3489864 |
| 4.50%, 09/01/47 | &nbsp;&nbsp; 2743 | &nbsp;&nbsp; 2764262 |
| 4.50%, 10/01/47 | &nbsp;&nbsp; 4936 | &nbsp;&nbsp; 4986701 |
| 4.50%, 11/01/47 | &nbsp;&nbsp; 1660 | &nbsp;&nbsp; 1677630 |
| 4.50%, 12/01/47 | &nbsp;&nbsp; 582 | &nbsp;&nbsp; 587718 |
| 4.50%, 01/01/48 | &nbsp;&nbsp; 1271 | &nbsp;&nbsp; 1281780 |
| 4.50%, 02/01/48 | &nbsp;&nbsp; 3767 | &nbsp;&nbsp; 3806096 |
| 4.50%, 03/01/48 | &nbsp;&nbsp; 415 | &nbsp;&nbsp; 420856 |
| 4.50%, 04/01/48 | &nbsp;&nbsp; 9978 | &nbsp;&nbsp; 10017371 |
| 4.50%, 05/01/48 | &nbsp;&nbsp; 2299 | &nbsp;&nbsp; 2316719 |
| 4.50%, 06/01/48 | &nbsp;&nbsp; 2746 | &nbsp;&nbsp; 2758712 |
| 4.50%, 07/01/48 | &nbsp;&nbsp; 2852 | &nbsp;&nbsp; 2864800 |
| 4.50%, 08/01/48 | &nbsp;&nbsp; 22024 | &nbsp;&nbsp; 22163271 |
| 4.50%, 09/01/48 | &nbsp;&nbsp; 21430 | &nbsp;&nbsp; 21634579 |
| 4.50%, 10/01/48 | &nbsp;&nbsp; 11258 | &nbsp;&nbsp; 11307959 |
| 4.50%, 11/01/48 | &nbsp;&nbsp; 6400 | &nbsp;&nbsp; 6455539 |
| 4.50%, 12/01/48 | &nbsp;&nbsp; 30287 | &nbsp;&nbsp; 30473367 |
| 4.50%, 01/01/49 | &nbsp;&nbsp; 13435 | &nbsp;&nbsp; 13531559 |
| 4.50%, 02/01/49 | &nbsp;&nbsp; 11813 | &nbsp;&nbsp; 11885708 |
| 4.50%, 03/01/49 | &nbsp;&nbsp; 7257 | &nbsp;&nbsp; 7283440 |
| 4.50%, 04/01/49 | &nbsp;&nbsp; 7489 | &nbsp;&nbsp; 7560405 |
| 4.50%, 05/01/49 | &nbsp;&nbsp; 8911 | &nbsp;&nbsp; 8934568 |
| 4.50%, 06/01/49 | &nbsp;&nbsp; 1450 | &nbsp;&nbsp; 1453928 |
| 4.50%, 07/01/49 | &nbsp;&nbsp; 2679 | &nbsp;&nbsp; 2692859 |
| 4.50%, 08/01/49 | &nbsp;&nbsp; 1722 | &nbsp;&nbsp; 1726955 |
| 4.50%, 09/01/49 | &nbsp;&nbsp; 4928 | &nbsp;&nbsp; 4939414 |
| 4.50%, 10/01/49 | &nbsp;&nbsp; 1661 | &nbsp;&nbsp; 1665656 |
| 4.50%, 11/01/49 | &nbsp;&nbsp; 17200 | &nbsp;&nbsp; 17316387 |
| 4.50%, 12/01/49 | &nbsp;&nbsp; 8937 | &nbsp;&nbsp; 9039720 |
| 4.50%, 01/01/50 | &nbsp;&nbsp; 1299 | &nbsp;&nbsp; 1307148 |
| 4.50%, 02/01/50 | &nbsp;&nbsp; 15710 | &nbsp;&nbsp; 15759201 |
| 4.50%, 03/01/50 | &nbsp;&nbsp; 6338 | &nbsp;&nbsp; 6349465 |
| 4.50%, 04/01/50 | &nbsp;&nbsp; 29409 | &nbsp;&nbsp; 29691745 |
| 4.50%, 05/01/50 | &nbsp;&nbsp; 15445 | &nbsp;&nbsp; 15468982 |
| 4.50%, 06/01/50 | &nbsp;&nbsp; 377 | &nbsp;&nbsp; 377197 |
| 4.50%, 08/01/50 | &nbsp;&nbsp; 448 | &nbsp;&nbsp; 448019 |
| 4.50%, 09/01/50 | &nbsp;&nbsp; 27389 | &nbsp;&nbsp; 27452357 |
| 4.50%, 10/01/50 | &nbsp;&nbsp; 11613 | &nbsp;&nbsp; 11643217 |
| 4.50%, 12/01/50 | &nbsp;&nbsp; 291 | &nbsp;&nbsp; 291594 |
| 4.50%, 01/01/51 | &nbsp;&nbsp; 164 | &nbsp;&nbsp; 164972 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 4.50%, 02/01/51 | &nbsp;&nbsp; $9056 | &nbsp;&nbsp; $9079262 |
| 4.50%, 07/01/51 | &nbsp;&nbsp; 13633 | &nbsp;&nbsp; 13645058 |
| 4.50%, 05/01/52 | &nbsp;&nbsp; 3085 | &nbsp;&nbsp; 3095423 |
| 4.50%, 06/01/52 | &nbsp;&nbsp; 33504 | &nbsp;&nbsp; 33328449 |
| 4.50%, 07/01/52 | &nbsp;&nbsp; 77349 | &nbsp;&nbsp; 76829871 |
| 4.50%, 08/01/52 | &nbsp;&nbsp; 41686 | &nbsp;&nbsp; 41406727 |
| 4.50%, 09/01/52 | &nbsp;&nbsp; 81776 | &nbsp;&nbsp; 81198652 |
| 4.50%, 10/01/52 | &nbsp;&nbsp; 105812 | &nbsp;&nbsp; 105296641 |
| 4.50%, 11/01/52 | &nbsp;&nbsp; 49231 | &nbsp;&nbsp; 48919434 |
| 4.50%, 12/01/52 | &nbsp;&nbsp; 43303 | &nbsp;&nbsp; 43104865 |
| 4.50%, 01/01/53 | &nbsp;&nbsp; 17765 | &nbsp;&nbsp; 17638021 |
| 4.50%, 02/01/53 | &nbsp;&nbsp; 18243 | &nbsp;&nbsp; 18107998 |
| 4.50%, 03/01/53 | &nbsp;&nbsp; 33571 | &nbsp;&nbsp; 33307161 |
| 4.50%, 04/01/53 | &nbsp;&nbsp; 28551 | &nbsp;&nbsp; 28374377 |
| 4.50%, 05/01/53 | &nbsp;&nbsp; 7512 | &nbsp;&nbsp; 7465563 |
| 4.50%, 06/01/53 | &nbsp;&nbsp; 2173 | &nbsp;&nbsp; 2164417 |
| 4.50%, 08/01/53 | &nbsp;&nbsp; 3581 | &nbsp;&nbsp; 3565680 |
| 4.50%, 11/01/53 | &nbsp;&nbsp; 7576 | &nbsp;&nbsp; 7535645 |
| 4.50%, 01/01/54 | &nbsp;&nbsp; 41358 | &nbsp;&nbsp; 41033897 |
| 4.50%, 03/01/54 | &nbsp;&nbsp; 1820 | &nbsp;&nbsp; 1803900 |
| 4.50%, 05/01/54 | &nbsp;&nbsp; 10960 | &nbsp;&nbsp; 10920553 |
| 4.50%, 11/01/54 | &nbsp;&nbsp; 1848 | &nbsp;&nbsp; 1828073 |
| 4.50%, 12/01/54 | &nbsp;&nbsp; 35258 | &nbsp;&nbsp; 34978480 |
| 4.50%, 01/01/55 | &nbsp;&nbsp; 11745 | &nbsp;&nbsp; 11681980 |
| 4.50%, 03/01/55 | &nbsp;&nbsp; 4957 | &nbsp;&nbsp; 4903650 |
| 4.50%, 03/12/56<sup>(c)</sup> | &nbsp;&nbsp; 27394 | &nbsp;&nbsp; 27088562 |
| 5.00%, 11/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 833 |
| 5.00%, 03/01/33 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1849 |
| 5.00%, 05/01/33 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 11916 |
| 5.00%, 06/01/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 745 |
| 5.00%, 07/01/33 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 53343 |
| 5.00%, 08/01/33 | &nbsp;&nbsp; 186 | &nbsp;&nbsp; 191273 |
| 5.00%, 09/01/33 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 15712 |
| 5.00%, 10/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 375 |
| 5.00%, 11/01/33 | &nbsp;&nbsp; 832 | &nbsp;&nbsp; 852451 |
| 5.00%, 02/01/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1678 |
| 5.00%, 03/01/34 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13183 |
| 5.00%, 04/01/34 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10130 |
| 5.00%, 05/01/34 | &nbsp;&nbsp; 388 | &nbsp;&nbsp; 398268 |
| 5.00%, 06/01/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 387 |
| 5.00%, 07/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4942 |
| 5.00%, 08/01/34 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14060 |
| 5.00%, 09/01/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2412 |
| 5.00%, 10/01/34 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5731 |
| 5.00%, 12/01/34 | &nbsp;&nbsp; 129 | &nbsp;&nbsp; 131820 |
| 5.00%, 01/01/35 | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 97009 |
| 5.00%, 02/01/35 | &nbsp;&nbsp; 417 | &nbsp;&nbsp; 428038 |
| 5.00%, 03/01/35 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 26096 |
| 5.00%, 04/01/35 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6790 |
| 5.00%, 05/01/35 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4197 |
| 5.00%, 06/01/35 | &nbsp;&nbsp; 49 | &nbsp;&nbsp; 49617 |
| 5.00%, 07/01/35 | &nbsp;&nbsp; 543 | &nbsp;&nbsp; 556740 |
| 5.00%, 08/01/35 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 45124 |
| 5.00%, 09/01/35 | &nbsp;&nbsp; 82 | &nbsp;&nbsp; 84262 |
| 5.00%, 10/01/35 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 29802 |
| 5.00%, 11/01/35 | &nbsp;&nbsp; 262 | &nbsp;&nbsp; 270355 |
| 5.00%, 12/01/35 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2740 |
| 5.00%, 01/01/36 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10049 |
| 5.00%, 02/01/36 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5201 |
| 5.00%, 03/01/36 | &nbsp;&nbsp; 321 | &nbsp;&nbsp; 330803 |
| 5.00%, 04/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 611 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 05/01/36 | &nbsp;&nbsp; $248 | &nbsp;&nbsp; $254790 |
| 5.00%, 06/01/36 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 26709 |
| 5.00%, 07/01/36 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13264 |
| 5.00%, 08/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 486 |
| 5.00%, 11/01/36 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1582 |
| 5.00%, 12/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1112 |
| 5.00%, 02/01/37 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 10451 |
| 5.00%, 03/01/37 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5986 |
| 5.00%, 04/01/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1264 |
| 5.00%, 05/01/37 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5958 |
| 5.00%, 06/01/37 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4413 |
| 5.00%, 07/01/37 | &nbsp;&nbsp; 230 | &nbsp;&nbsp; 236182 |
| 5.00%, 01/01/38 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2693 |
| 5.00%, 02/01/38 | &nbsp;&nbsp; 417 | &nbsp;&nbsp; 429202 |
| 5.00%, 03/01/38 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26290 |
| 5.00%, 04/01/38 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 60206 |
| 5.00%, 05/01/38 | &nbsp;&nbsp; 728 | &nbsp;&nbsp; 744076 |
| 5.00%, 06/01/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1629 |
| 5.00%, 07/01/38 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 61433 |
| 5.00%, 12/01/38 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3854 |
| 5.00%, 01/01/39 | &nbsp;&nbsp; 136 | &nbsp;&nbsp; 140191 |
| 5.00%, 02/01/39 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9761 |
| 5.00%, 03/01/39 | &nbsp;&nbsp; 275 | &nbsp;&nbsp; 285380 |
| 5.00%, 04/01/39 | &nbsp;&nbsp; 2291 | &nbsp;&nbsp; 2364041 |
| 5.00%, 05/01/39 | &nbsp;&nbsp; 461 | &nbsp;&nbsp; 475160 |
| 5.00%, 06/01/39 | &nbsp;&nbsp; 410 | &nbsp;&nbsp; 420082 |
| 5.00%, 07/01/39 | &nbsp;&nbsp; 1469 | &nbsp;&nbsp; 1501611 |
| 5.00%, 08/01/39 | &nbsp;&nbsp; 2418 | &nbsp;&nbsp; 2494897 |
| 5.00%, 09/01/39 | &nbsp;&nbsp; 225 | &nbsp;&nbsp; 231655 |
| 5.00%, 10/01/39 | &nbsp;&nbsp; 283 | &nbsp;&nbsp; 291329 |
| 5.00%, 11/01/39 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 42230 |
| 5.00%, 12/01/39 | &nbsp;&nbsp; 924 | &nbsp;&nbsp; 952130 |
| 5.00%, 01/01/40 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 72492 |
| 5.00%, 02/01/40 | &nbsp;&nbsp; 2156 | &nbsp;&nbsp; 2190175 |
| 5.00%, 03/01/40 | &nbsp;&nbsp; 153 | &nbsp;&nbsp; 159108 |
| 5.00%, 04/01/40 | &nbsp;&nbsp; 599 | &nbsp;&nbsp; 618326 |
| 5.00%, 05/01/40 | &nbsp;&nbsp; 6315 | &nbsp;&nbsp; 6520233 |
| 5.00%, 06/01/40 | &nbsp;&nbsp; 144 | &nbsp;&nbsp; 148420 |
| 5.00%, 07/01/40 | &nbsp;&nbsp; 701 | &nbsp;&nbsp; 723785 |
| 5.00%, 08/01/40 | &nbsp;&nbsp; 3585 | &nbsp;&nbsp; 3700533 |
| 5.00%, 09/01/40 | &nbsp;&nbsp; 469 | &nbsp;&nbsp; 484487 |
| 5.00%, 10/01/40 | &nbsp;&nbsp; 109 | &nbsp;&nbsp; 112212 |
| 5.00%, 11/01/40 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12874 |
| 5.00%, 12/01/40 | &nbsp;&nbsp; 818 | &nbsp;&nbsp; 843942 |
| 5.00%, 01/01/41 | &nbsp;&nbsp; 120 | &nbsp;&nbsp; 123934 |
| 5.00%, 02/01/41 | &nbsp;&nbsp; 324 | &nbsp;&nbsp; 334136 |
| 5.00%, 03/01/41 | &nbsp;&nbsp; 1132 | &nbsp;&nbsp; 1168644 |
| 5.00%, 04/01/41 | &nbsp;&nbsp; 1496 | &nbsp;&nbsp; 1550080 |
| 5.00%, 05/01/41 | &nbsp;&nbsp; 4972 | &nbsp;&nbsp; 5141543 |
| 5.00%, 06/01/41 | &nbsp;&nbsp; 723 | &nbsp;&nbsp; 748435 |
| 5.00%, 07/01/41 | &nbsp;&nbsp; 321 | &nbsp;&nbsp; 331609 |
| 5.00%, 08/01/41 | &nbsp;&nbsp; 858 | &nbsp;&nbsp; 889909 |
| 5.00%, 11/01/41 | &nbsp;&nbsp; 79 | &nbsp;&nbsp; 82080 |
| 5.00%, 04/01/42 | &nbsp;&nbsp; 301 | &nbsp;&nbsp; 310485 |
| 5.00%, 08/01/43 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17196 |
| 5.00%, 09/01/43 | &nbsp;&nbsp; 186 | &nbsp;&nbsp; 192147 |
| 5.00%, 10/01/43 | &nbsp;&nbsp; 731 | &nbsp;&nbsp; 754268 |
| 5.00%, 11/01/43 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 39969 |
| 5.00%, 12/01/43 | &nbsp;&nbsp; 86 | &nbsp;&nbsp; 88761 |
| 5.00%, 01/01/44 | &nbsp;&nbsp; 1039 | &nbsp;&nbsp; 1079392 |
| 5.00%, 03/01/44 | &nbsp;&nbsp; 366 | &nbsp;&nbsp; 380485 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 06/01/44 | &nbsp;&nbsp; $134 | &nbsp;&nbsp; $138886 |
| 5.00%, 07/01/44 | &nbsp;&nbsp; 704 | &nbsp;&nbsp; 726044 |
| 5.00%, 08/01/44 | &nbsp;&nbsp; 106 | &nbsp;&nbsp; 110522 |
| 5.00%, 09/01/44 | &nbsp;&nbsp; 601 | &nbsp;&nbsp; 624723 |
| 5.00%, 11/01/44 | &nbsp;&nbsp; 21375 | &nbsp;&nbsp; 21954852 |
| 5.00%, 01/01/45 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4925 |
| 5.00%, 07/01/45 | &nbsp;&nbsp; 2283 | &nbsp;&nbsp; 2356157 |
| 5.00%, 04/01/47 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 46121 |
| 5.00%, 05/01/47 | &nbsp;&nbsp; 360 | &nbsp;&nbsp; 370851 |
| 5.00%, 07/01/47 | &nbsp;&nbsp; 402 | &nbsp;&nbsp; 414126 |
| 5.00%, 08/01/47 | &nbsp;&nbsp; 141 | &nbsp;&nbsp; 144748 |
| 5.00%, 09/01/47 | &nbsp;&nbsp; 612 | &nbsp;&nbsp; 626673 |
| 5.00%, 10/01/47 | &nbsp;&nbsp; 335 | &nbsp;&nbsp; 341976 |
| 5.00%, 11/01/47 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 66025 |
| 5.00%, 02/01/48 | &nbsp;&nbsp; 274 | &nbsp;&nbsp; 281064 |
| 5.00%, 03/01/48 | &nbsp;&nbsp; 1151 | &nbsp;&nbsp; 1179458 |
| 5.00%, 04/01/48 | &nbsp;&nbsp; 1328 | &nbsp;&nbsp; 1363390 |
| 5.00%, 06/01/48 | &nbsp;&nbsp; 1311 | &nbsp;&nbsp; 1343675 |
| 5.00%, 07/01/48 | &nbsp;&nbsp; 2555 | &nbsp;&nbsp; 2623565 |
| 5.00%, 08/01/48 | &nbsp;&nbsp; 4210 | &nbsp;&nbsp; 4317847 |
| 5.00%, 09/01/48 | &nbsp;&nbsp; 3990 | &nbsp;&nbsp; 4090757 |
| 5.00%, 10/01/48 | &nbsp;&nbsp; 2086 | &nbsp;&nbsp; 2141552 |
| 5.00%, 11/01/48 | &nbsp;&nbsp; 10031 | &nbsp;&nbsp; 10273263 |
| 5.00%, 12/01/48 | &nbsp;&nbsp; 1036 | &nbsp;&nbsp; 1058124 |
| 5.00%, 01/01/49 | &nbsp;&nbsp; 8022 | &nbsp;&nbsp; 8216011 |
| 5.00%, 02/01/49 | &nbsp;&nbsp; 3942 | &nbsp;&nbsp; 4035911 |
| 5.00%, 03/01/49 | &nbsp;&nbsp; 10133 | &nbsp;&nbsp; 10367935 |
| 5.00%, 04/01/49 | &nbsp;&nbsp; 12680 | &nbsp;&nbsp; 12974001 |
| 5.00%, 05/01/49 | &nbsp;&nbsp; 1749 | &nbsp;&nbsp; 1790789 |
| 5.00%, 07/01/49 | &nbsp;&nbsp; 5787 | &nbsp;&nbsp; 5932370 |
| 5.00%, 08/01/49 | &nbsp;&nbsp; 13098 | &nbsp;&nbsp; 13487223 |
| 5.00%, 09/01/49 | &nbsp;&nbsp; 9349 | &nbsp;&nbsp; 9583788 |
| 5.00%, 10/01/49 | &nbsp;&nbsp; 18732 | &nbsp;&nbsp; 19182657 |
| 5.00%, 11/01/49 | &nbsp;&nbsp; 591 | &nbsp;&nbsp; 604467 |
| 5.00%, 12/01/49 | &nbsp;&nbsp; 979 | &nbsp;&nbsp; 1002279 |
| 5.00%, 03/01/50 | &nbsp;&nbsp; 1339 | &nbsp;&nbsp; 1370245 |
| 5.00%, 04/01/50 | &nbsp;&nbsp; 735 | &nbsp;&nbsp; 740436 |
| 5.00%, 05/01/50 | &nbsp;&nbsp; 467 | &nbsp;&nbsp; 472413 |
| 5.00%, 09/01/50 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 22273 |
| 5.00%, 10/01/50 | &nbsp;&nbsp; 2737 | &nbsp;&nbsp; 2801848 |
| 5.00%, 01/01/51 | &nbsp;&nbsp; 1090 | &nbsp;&nbsp; 1101417 |
| 5.00%, 06/01/52 | &nbsp;&nbsp; 12163 | &nbsp;&nbsp; 12288159 |
| 5.00%, 07/01/52 | &nbsp;&nbsp; 35506 | &nbsp;&nbsp; 35912601 |
| 5.00%, 08/01/52 | &nbsp;&nbsp; 54957 | &nbsp;&nbsp; 55897746 |
| 5.00%, 09/01/52 | &nbsp;&nbsp; 86494 | &nbsp;&nbsp; 87612189 |
| 5.00%, 10/01/52 | &nbsp;&nbsp; 39143 | &nbsp;&nbsp; 39667742 |
| 5.00%, 11/01/52 | &nbsp;&nbsp; 132861 | &nbsp;&nbsp; 134561044 |
| 5.00%, 12/01/52 | &nbsp;&nbsp; 43743 | &nbsp;&nbsp; 44380079 |
| 5.00%, 02/01/53 | &nbsp;&nbsp; 92318 | &nbsp;&nbsp; 93588506 |
| 5.00%, 03/01/53 | &nbsp;&nbsp; 7125 | &nbsp;&nbsp; 7219426 |
| 5.00%, 04/01/53 | &nbsp;&nbsp; 33346 | &nbsp;&nbsp; 33718887 |
| 5.00%, 05/01/53 | &nbsp;&nbsp; 107494 | &nbsp;&nbsp; 108369513 |
| 5.00%, 06/01/53 | &nbsp;&nbsp; 123264 | &nbsp;&nbsp; 124781775 |
| 5.00%, 07/01/53 | &nbsp;&nbsp; 24291 | &nbsp;&nbsp; 24629018 |
| 5.00%, 08/01/53 | &nbsp;&nbsp; 47631 | &nbsp;&nbsp; 48269194 |
| 5.00%, 09/01/53 | &nbsp;&nbsp; 37581 | &nbsp;&nbsp; 38053837 |
| 5.00%, 10/01/53 | &nbsp;&nbsp; 75902 | &nbsp;&nbsp; 76822147 |
| 5.00%, 11/01/53 | &nbsp;&nbsp; 25295 | &nbsp;&nbsp; 25514626 |
| 5.00%, 12/01/53 | &nbsp;&nbsp; 5028 | &nbsp;&nbsp; 5067781 |
| 5.00%, 02/01/54 | &nbsp;&nbsp; 31740 | &nbsp;&nbsp; 31989905 |
| 5.00%, 03/01/54 | &nbsp;&nbsp; 12013 | &nbsp;&nbsp; 12185368 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.00%, 06/01/54 | &nbsp;&nbsp; $6314 | &nbsp;&nbsp; $6366766 |
| 5.00%, 08/01/54 | &nbsp;&nbsp; 26635 | &nbsp;&nbsp; 27044427 |
| 5.00%, 09/01/54 | &nbsp;&nbsp; 5510 | &nbsp;&nbsp; 5598207 |
| 5.00%, 10/01/54 | &nbsp;&nbsp; 89732 | &nbsp;&nbsp; 90395610 |
| 5.00%, 11/01/54 | &nbsp;&nbsp; 103996 | &nbsp;&nbsp; 104875065 |
| 5.00%, 12/01/54 | &nbsp;&nbsp; 57746 | &nbsp;&nbsp; 58148690 |
| 5.00%, 01/01/55 | &nbsp;&nbsp; 75898 | &nbsp;&nbsp; 76460916 |
| 5.00%, 05/01/55 | &nbsp;&nbsp; 58959 | &nbsp;&nbsp; 59367806 |
| 5.00%, 11/01/55 | &nbsp;&nbsp; 7906 | &nbsp;&nbsp; 8000600 |
| 5.00%, 01/01/56 | &nbsp;&nbsp; 40662 | &nbsp;&nbsp; 40926617 |
| 5.00%, 02/01/56<sup>(b)</sup> | &nbsp;&nbsp; 8346 | &nbsp;&nbsp; 8413352 |
| 5.00%, 03/01/56 | &nbsp;&nbsp; 15486 | &nbsp;&nbsp; 15588053 |
| 5.00%, 03/15/56<sup>(c)</sup> | &nbsp;&nbsp; 331147 | &nbsp;&nbsp; 332632340 |
| 5.50%, 03/01/28 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30007 |
| 5.50%, 10/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 94 |
| 5.50%, 12/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 58 |
| 5.50%, 07/01/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 779 |
| 5.50%, 12/01/31 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4927 |
| 5.50%, 01/01/32 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3753 |
| 5.50%, 02/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 918 |
| 5.50%, 11/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 177 |
| 5.50%, 12/01/32 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2055 |
| 5.50%, 01/01/33 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 17887 |
| 5.50%, 02/01/33 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2960 |
| 5.50%, 03/01/33 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 14138 |
| 5.50%, 04/01/33 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 33830 |
| 5.50%, 05/01/33 | &nbsp;&nbsp; 303 | &nbsp;&nbsp; 312293 |
| 5.50%, 06/01/33 | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 19386 |
| 5.50%, 07/01/33 | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 60984 |
| 5.50%, 08/01/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 957 |
| 5.50%, 09/01/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2655 |
| 5.50%, 10/01/33 | &nbsp;&nbsp; 263 | &nbsp;&nbsp; 271904 |
| 5.50%, 11/01/33 | &nbsp;&nbsp; 609 | &nbsp;&nbsp; 629682 |
| 5.50%, 12/01/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 534 |
| 5.50%, 01/01/34 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20891 |
| 5.50%, 02/01/34 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13753 |
| 5.50%, 03/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5525 |
| 5.50%, 04/01/34 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 30775 |
| 5.50%, 05/01/34 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 29414 |
| 5.50%, 06/01/34 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13431 |
| 5.50%, 07/01/34 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5921 |
| 5.50%, 09/01/34 | &nbsp;&nbsp; 474 | &nbsp;&nbsp; 493238 |
| 5.50%, 10/01/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 432 |
| 5.50%, 11/01/34 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13277 |
| 5.50%, 12/01/34 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8823 |
| 5.50%, 01/01/35 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 23980 |
| 5.50%, 02/01/35 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 43344 |
| 5.50%, 03/01/35 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17148 |
| 5.50%, 04/01/35 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12608 |
| 5.50%, 05/01/35 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7646 |
| 5.50%, 06/01/35 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12751 |
| 5.50%, 07/01/35 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13857 |
| 5.50%, 08/01/35 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6317 |
| 5.50%, 09/01/35 | &nbsp;&nbsp; 117 | &nbsp;&nbsp; 122605 |
| 5.50%, 10/01/35 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8839 |
| 5.50%, 11/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25411 |
| 5.50%, 12/01/35 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20896 |
| 5.50%, 01/01/36 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6467 |
| 5.50%, 02/01/36 | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 48717 |
| 5.50%, 03/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 495 |
| 5.50%, 04/01/36 | &nbsp;&nbsp; 796 | &nbsp;&nbsp; 829558 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 05/01/36 | &nbsp;&nbsp; $198 | &nbsp;&nbsp; $206440 |
| 5.50%, 06/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 418 |
| 5.50%, 07/01/36 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7364 |
| 5.50%, 08/01/36 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 16307 |
| 5.50%, 09/01/36 | &nbsp;&nbsp; 1090 | &nbsp;&nbsp; 1127942 |
| 5.50%, 10/01/36 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3486 |
| 5.50%, 11/01/36 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11628 |
| 5.50%, 12/01/36 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 15887 |
| 5.50%, 01/01/37 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17370 |
| 5.50%, 02/01/37 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 39842 |
| 5.50%, 03/01/37 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25821 |
| 5.50%, 04/01/37 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5113 |
| 5.50%, 05/01/37 | &nbsp;&nbsp; 160 | &nbsp;&nbsp; 167091 |
| 5.50%, 06/01/37 | &nbsp;&nbsp; 89 | &nbsp;&nbsp; 94423 |
| 5.50%, 07/01/37 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12930 |
| 5.50%, 08/01/37 | &nbsp;&nbsp; 1045 | &nbsp;&nbsp; 1087960 |
| 5.50%, 09/01/37 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 368 |
| 5.50%, 10/01/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1711 |
| 5.50%, 11/01/37 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6194 |
| 5.50%, 12/01/37 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 35993 |
| 5.50%, 01/01/38 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9978 |
| 5.50%, 02/01/38 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 20939 |
| 5.50%, 03/01/38 | &nbsp;&nbsp; 459 | &nbsp;&nbsp; 480915 |
| 5.50%, 04/01/38 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 41183 |
| 5.50%, 05/01/38 | &nbsp;&nbsp; 145 | &nbsp;&nbsp; 152183 |
| 5.50%, 06/01/38 | &nbsp;&nbsp; 153 | &nbsp;&nbsp; 161270 |
| 5.50%, 07/01/38 | &nbsp;&nbsp; 276 | &nbsp;&nbsp; 289311 |
| 5.50%, 08/01/38 | &nbsp;&nbsp; 448 | &nbsp;&nbsp; 467126 |
| 5.50%, 09/01/38 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4777 |
| 5.50%, 10/01/38 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2587 |
| 5.50%, 11/01/38 | &nbsp;&nbsp; 595 | &nbsp;&nbsp; 621955 |
| 5.50%, 12/01/38 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21287 |
| 5.50%, 01/01/39 | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 29304 |
| 5.50%, 02/01/39 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 24129 |
| 5.50%, 03/01/39 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8046 |
| 5.50%, 04/01/39 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 14233 |
| 5.50%, 06/01/39 | &nbsp;&nbsp; 94 | &nbsp;&nbsp; 98561 |
| 5.50%, 07/01/39 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10508 |
| 5.50%, 08/01/39 | &nbsp;&nbsp; 2874 | &nbsp;&nbsp; 2985813 |
| 5.50%, 09/01/39 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17924 |
| 5.50%, 10/01/39 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4420 |
| 5.50%, 11/01/39 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 20653 |
| 5.50%, 12/01/39 | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 48343 |
| 5.50%, 01/01/40 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 24457 |
| 5.50%, 05/01/40 | &nbsp;&nbsp; 87 | &nbsp;&nbsp; 91380 |
| 5.50%, 06/01/40 | &nbsp;&nbsp; 9068 | &nbsp;&nbsp; 9402070 |
| 5.50%, 07/01/40 | &nbsp;&nbsp; 1028 | &nbsp;&nbsp; 1073604 |
| 5.50%, 09/01/40 | &nbsp;&nbsp; 2375 | &nbsp;&nbsp; 2479694 |
| 5.50%, 07/01/41 | &nbsp;&nbsp; 189 | &nbsp;&nbsp; 197928 |
| 5.50%, 09/01/41 | &nbsp;&nbsp; 4274 | &nbsp;&nbsp; 4443115 |
| 5.50%, 05/01/44 | &nbsp;&nbsp; 3501 | &nbsp;&nbsp; 3675679 |
| 5.50%, 01/01/47 | &nbsp;&nbsp; 1105 | &nbsp;&nbsp; 1151062 |
| 5.50%, 06/01/48 | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 60355 |
| 5.50%, 11/01/48 | &nbsp;&nbsp; 1560 | &nbsp;&nbsp; 1626351 |
| 5.50%, 12/01/48 | &nbsp;&nbsp; 1460 | &nbsp;&nbsp; 1521269 |
| 5.50%, 01/01/49 | &nbsp;&nbsp; 2311 | &nbsp;&nbsp; 2408666 |
| 5.50%, 02/01/49 | &nbsp;&nbsp; 334 | &nbsp;&nbsp; 345758 |
| 5.50%, 03/01/49 | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 84335 |
| 5.50%, 06/01/49 | &nbsp;&nbsp; 6897 | &nbsp;&nbsp; 7188171 |
| 5.50%, 08/01/52 | &nbsp;&nbsp; 70025 | &nbsp;&nbsp; 72185821 |
| 5.50%, 09/01/52 | &nbsp;&nbsp; 29650 | &nbsp;&nbsp; 30432496 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 10/01/52 | &nbsp;&nbsp; $1160 | &nbsp;&nbsp; $1197628 |
| 5.50%, 11/01/52 | &nbsp;&nbsp; 42794 | &nbsp;&nbsp; 43926554 |
| 5.50%, 12/01/52 | &nbsp;&nbsp; 102656 | &nbsp;&nbsp; 105126065 |
| 5.50%, 01/01/53 | &nbsp;&nbsp; 85467 | &nbsp;&nbsp; 87371263 |
| 5.50%, 02/01/53 | &nbsp;&nbsp; 142467 | &nbsp;&nbsp; 146312112 |
| 5.50%, 03/01/53 | &nbsp;&nbsp; 54144 | &nbsp;&nbsp; 55256471 |
| 5.50%, 04/01/53 | &nbsp;&nbsp; 74790 | &nbsp;&nbsp; 76782356 |
| 5.50%, 05/01/53 | &nbsp;&nbsp; 204120 | &nbsp;&nbsp; 208267807 |
| 5.50%, 06/01/53 | &nbsp;&nbsp; 142811 | &nbsp;&nbsp; 146511061 |
| 5.50%, 07/01/53 | &nbsp;&nbsp; 114966 | &nbsp;&nbsp; 118258122 |
| 5.50%, 08/01/53 | &nbsp;&nbsp; 49907 | &nbsp;&nbsp; 50901211 |
| 5.50%, 09/01/53 | &nbsp;&nbsp; 114836 | &nbsp;&nbsp; 117203876 |
| 5.50%, 10/01/53 | &nbsp;&nbsp; 73349 | &nbsp;&nbsp; 75039180 |
| 5.50%, 11/01/53 | &nbsp;&nbsp; 56797 | &nbsp;&nbsp; 58388741 |
| 5.50%, 02/01/54 | &nbsp;&nbsp; 90308 | &nbsp;&nbsp; 92063986 |
| 5.50%, 03/01/54 | &nbsp;&nbsp; 107150 | &nbsp;&nbsp; 109339373 |
| 5.50%, 04/01/54 | &nbsp;&nbsp; 80023 | &nbsp;&nbsp; 81730283 |
| 5.50%, 05/01/54 | &nbsp;&nbsp; 87323 | &nbsp;&nbsp; 89386187 |
| 5.50%, 06/01/54 | &nbsp;&nbsp; 46852 | &nbsp;&nbsp; 47717048 |
| 5.50%, 07/01/54 | &nbsp;&nbsp; 8573 | &nbsp;&nbsp; 8824080 |
| 5.50%, 08/01/54 | &nbsp;&nbsp; 78912 | &nbsp;&nbsp; 80782254 |
| 5.50%, 09/01/54 | &nbsp;&nbsp; 90181 | &nbsp;&nbsp; 92745586 |
| 5.50%, 10/01/54 | &nbsp;&nbsp; 74635 | &nbsp;&nbsp; 76106041 |
| 5.50%, 11/01/54 | &nbsp;&nbsp; 139523 | &nbsp;&nbsp; 143520914 |
| 5.50%, 12/01/54 | &nbsp;&nbsp; 8595 | &nbsp;&nbsp; 8807199 |
| 5.50%, 01/01/55 | &nbsp;&nbsp; 46392 | &nbsp;&nbsp; 47153651 |
| 5.50%, 02/01/55 | &nbsp;&nbsp; 60340 | &nbsp;&nbsp; 61646817 |
| 5.50%, 03/01/55 | &nbsp;&nbsp; 21891 | &nbsp;&nbsp; 22421027 |
| 5.50%, 04/01/55 | &nbsp;&nbsp; 41347 | &nbsp;&nbsp; 42389210 |
| 5.50%, 05/01/55 | &nbsp;&nbsp; 26259 | &nbsp;&nbsp; 26848267 |
| 5.50%, 07/01/55<sup>(b)</sup> | &nbsp;&nbsp; 19656 | &nbsp;&nbsp; 20058978 |
| 5.50%, 08/01/55 | &nbsp;&nbsp; 2606 | &nbsp;&nbsp; 2675953 |
| 5.50%, 09/01/55 | &nbsp;&nbsp; 53613 | &nbsp;&nbsp; 54858575 |
| 5.50%, 10/01/55 | &nbsp;&nbsp; 13086 | &nbsp;&nbsp; 13400414 |
| 5.50%, 11/01/55 | &nbsp;&nbsp; 5251 | &nbsp;&nbsp; 5386652 |
| 5.50%, 01/01/56 | &nbsp;&nbsp; 5136 | &nbsp;&nbsp; 5264640 |
| 5.50%, 03/01/56 | &nbsp;&nbsp; 8523 | &nbsp;&nbsp; 8729110 |
| 5.50%, 03/12/56<sup>(c)</sup> | &nbsp;&nbsp; 273754 | &nbsp;&nbsp; 278143040 |
| 6.00%, 03/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 106 |
| 6.00%, 11/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 256 |
| 6.00%, 12/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 309 |
| 6.00%, 01/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 586 |
| 6.00%, 02/01/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1451 |
| 6.00%, 03/01/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 910 |
| 6.00%, 04/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 320 |
| 6.00%, 05/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 54 |
| 6.00%, 07/01/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 817 |
| 6.00%, 04/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 419 |
| 6.00%, 04/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 484 |
| 6.00%, 05/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1310 |
| 6.00%, 11/01/31 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3090 |
| 6.00%, 02/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1163 |
| 6.00%, 03/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 533 |
| 6.00%, 04/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 113 |
| 6.00%, 06/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 342 |
| 6.00%, 09/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1446 |
| 6.00%, 11/01/32 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 18385 |
| 6.00%, 12/01/32 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12999 |
| 6.00%, 01/01/33 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12715 |
| 6.00%, 02/01/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2955 |
| 6.00%, 03/01/33 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10116 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.00%, 05/01/33 | &nbsp;&nbsp; $1 | &nbsp;&nbsp; $1128 |
| 6.00%, 10/01/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1265 |
| 6.00%, 11/01/33 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 695 |
| 6.00%, 12/01/33 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11155 |
| 6.00%, 02/01/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2270 |
| 6.00%, 03/01/34 | &nbsp;&nbsp; 787 | &nbsp;&nbsp; 821159 |
| 6.00%, 04/01/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1694 |
| 6.00%, 05/01/34 | &nbsp;&nbsp; 93 | &nbsp;&nbsp; 96348 |
| 6.00%, 08/01/34 | &nbsp;&nbsp; 180 | &nbsp;&nbsp; 188981 |
| 6.00%, 09/01/34 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 9085 |
| 6.00%, 10/01/34 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8564 |
| 6.00%, 11/01/34 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 58103 |
| 6.00%, 12/01/34 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2882 |
| 6.00%, 01/01/35 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 18141 |
| 6.00%, 02/01/35 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7517 |
| 6.00%, 04/01/35 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1991 |
| 6.00%, 06/01/35 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 4934 |
| 6.00%, 07/01/35 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 52167 |
| 6.00%, 09/01/35 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 7940 |
| 6.00%, 10/01/35 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 25442 |
| 6.00%, 12/01/35 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 28247 |
| 6.00%, 01/01/36 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4109 |
| 6.00%, 02/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1470 |
| 6.00%, 03/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 588 |
| 6.00%, 05/01/36 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13759 |
| 6.00%, 06/01/36 | &nbsp;&nbsp; 306 | &nbsp;&nbsp; 322528 |
| 6.00%, 07/01/36 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6598 |
| 6.00%, 08/01/36 | &nbsp;&nbsp; 297 | &nbsp;&nbsp; 314887 |
| 6.00%, 10/01/36 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 12191 |
| 6.00%, 11/01/36 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 15565 |
| 6.00%, 12/01/36 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7957 |
| 6.00%, 01/01/37 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2257 |
| 6.00%, 02/01/37 | &nbsp;&nbsp; 53 | &nbsp;&nbsp; 58053 |
| 6.00%, 03/01/37 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 19198 |
| 6.00%, 04/01/37 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11601 |
| 6.00%, 06/01/37 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 18283 |
| 6.00%, 07/01/37 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17489 |
| 6.00%, 08/01/37 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9612 |
| 6.00%, 09/01/37 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8742 |
| 6.00%, 10/01/37 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2994 |
| 6.00%, 11/01/37 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 23539 |
| 6.00%, 12/01/37 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 21206 |
| 6.00%, 01/01/38 | &nbsp;&nbsp; 64 | &nbsp;&nbsp; 69984 |
| 6.00%, 02/01/38 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26708 |
| 6.00%, 03/01/38 | &nbsp;&nbsp; 246 | &nbsp;&nbsp; 262211 |
| 6.00%, 04/01/38 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17893 |
| 6.00%, 05/01/38 | &nbsp;&nbsp; 570 | &nbsp;&nbsp; 605431 |
| 6.00%, 07/01/38 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12440 |
| 6.00%, 08/01/38 | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 75563 |
| 6.00%, 09/01/38 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17939 |
| 6.00%, 10/01/38 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 9877 |
| 6.00%, 11/01/38 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 8399 |
| 6.00%, 12/01/38 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4400 |
| 6.00%, 06/01/39 | &nbsp;&nbsp; 1457 | &nbsp;&nbsp; 1528539 |
| 6.00%, 09/01/39 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1147 |
| 6.00%, 10/01/39 | &nbsp;&nbsp; 134 | &nbsp;&nbsp; 142532 |
| 6.00%, 04/01/40 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 23891 |
| 6.00%, 09/01/40 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3230 |
| 6.00%, 10/01/40 | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 32110 |
| 6.00%, 07/01/41 | &nbsp;&nbsp; 428 | &nbsp;&nbsp; 453832 |
| 6.00%, 02/01/49 | &nbsp;&nbsp; 652 | &nbsp;&nbsp; 691248 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.00%, 12/01/52 | &nbsp;&nbsp; $18884 | &nbsp;&nbsp; $19516865 |
| 6.00%, 01/01/53 | &nbsp;&nbsp; 107891 | &nbsp;&nbsp; 111779118 |
| 6.00%, 02/01/53 | &nbsp;&nbsp; 102486 | &nbsp;&nbsp; 105965021 |
| 6.00%, 03/01/53 | &nbsp;&nbsp; 1648 | &nbsp;&nbsp; 1700581 |
| 6.00%, 04/01/53 | &nbsp;&nbsp; 2659 | &nbsp;&nbsp; 2790597 |
| 6.00%, 05/01/53 | &nbsp;&nbsp; 4907 | &nbsp;&nbsp; 5134627 |
| 6.00%, 06/01/53 | &nbsp;&nbsp; 9112 | &nbsp;&nbsp; 9484377 |
| 6.00%, 07/01/53 | &nbsp;&nbsp; 135164 | &nbsp;&nbsp; 140728680 |
| 6.00%, 08/01/53 | &nbsp;&nbsp; 149915 | &nbsp;&nbsp; 155924205 |
| 6.00%, 09/01/53 | &nbsp;&nbsp; 48437 | &nbsp;&nbsp; 50097658 |
| 6.00%, 10/01/53 | &nbsp;&nbsp; 176008 | &nbsp;&nbsp; 182455356 |
| 6.00%, 11/01/53 | &nbsp;&nbsp; 95850 | &nbsp;&nbsp; 98850515 |
| 6.00%, 12/01/53 | &nbsp;&nbsp; 30283 | &nbsp;&nbsp; 31418365 |
| 6.00%, 01/01/54 | &nbsp;&nbsp; 15062 | &nbsp;&nbsp; 15503320 |
| 6.00%, 02/01/54 | &nbsp;&nbsp; 34302 | &nbsp;&nbsp; 35454788 |
| 6.00%, 03/01/54 | &nbsp;&nbsp; 56698 | &nbsp;&nbsp; 58557491 |
| 6.00%, 04/01/54 | &nbsp;&nbsp; 71035 | &nbsp;&nbsp; 73791087 |
| 6.00%, 05/01/54 | &nbsp;&nbsp; 37368 | &nbsp;&nbsp; 38592561 |
| 6.00%, 06/01/54 | &nbsp;&nbsp; 43958 | &nbsp;&nbsp; 45242640 |
| 6.00%, 07/01/54 | &nbsp;&nbsp; 102171 | &nbsp;&nbsp; 105719388 |
| 6.00%, 08/01/54 | &nbsp;&nbsp; 223877 | &nbsp;&nbsp; 231857892 |
| 6.00%, 09/01/54 | &nbsp;&nbsp; 233894 | &nbsp;&nbsp; 241644837 |
| 6.00%, 10/01/54 | &nbsp;&nbsp; 131243 | &nbsp;&nbsp; 135374261 |
| 6.00%, 12/01/54 | &nbsp;&nbsp; 49999 | &nbsp;&nbsp; 52410097 |
| 6.00%, 01/01/55 | &nbsp;&nbsp; 63514 | &nbsp;&nbsp; 65746467 |
| 6.00%, 02/01/55 | &nbsp;&nbsp; 34936 | &nbsp;&nbsp; 36335024 |
| 6.00%, 03/01/55 | &nbsp;&nbsp; 102336 | &nbsp;&nbsp; 106613222 |
| 6.00%, 03/15/55<sup>(c)</sup> | &nbsp;&nbsp; 98775 | &nbsp;&nbsp; 101312359 |
| 6.00%, 04/01/55 | &nbsp;&nbsp; 51134 | &nbsp;&nbsp; 52990384 |
| 6.00%, 05/01/55 | &nbsp;&nbsp; 34373 | &nbsp;&nbsp; 35423495 |
| 6.00%, 06/01/55 | &nbsp;&nbsp; 16414 | &nbsp;&nbsp; 16997508 |
| 6.00%, 07/01/55 | &nbsp;&nbsp; 57621 | &nbsp;&nbsp; 59131481 |
| 6.00%, 08/01/55 | &nbsp;&nbsp; 24013 | &nbsp;&nbsp; 24742060 |
| 6.00%, 09/01/55 | &nbsp;&nbsp; 30889 | &nbsp;&nbsp; 31882093 |
| 6.00%, 12/01/55 | &nbsp;&nbsp; 5508 | &nbsp;&nbsp; 5745803 |
| 6.50%, 04/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 2 |
| 6.50%, 05/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; — |
| 6.50%, 06/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 3 |
| 6.50%, 03/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 24 |
| 6.50%, 11/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 21 |
| 6.50%, 12/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 360 |
| 6.50%, 01/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 223 |
| 6.50%, 02/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 29 |
| 6.50%, 04/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 280 |
| 6.50%, 05/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 295 |
| 6.50%, 08/01/28 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2215 |
| 6.50%, 09/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 348 |
| 6.50%, 10/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 411 |
| 6.50%, 11/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 153 |
| 6.50%, 12/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 393 |
| 6.50%, 01/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 584 |
| 6.50%, 02/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 32 |
| 6.50%, 03/01/29 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1799 |
| 6.50%, 04/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 322 |
| 6.50%, 05/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 411 |
| 6.50%, 06/01/29 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4550 |
| 6.50%, 07/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 763 |
| 6.50%, 08/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 98 |
| 6.50%, 09/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 200 |
| 6.50%, 11/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 67 |
| 6.50%, 05/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 46 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.50%, 01/01/31 | &nbsp;&nbsp; $0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $38 |
| 6.50%, 03/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 115 |
| 6.50%, 04/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1143 |
| 6.50%, 05/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 2241 |
| 6.50%, 07/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1294 |
| 6.50%, 08/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 502 |
| 6.50%, 09/01/31 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2078 |
| 6.50%, 10/01/31 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2680 |
| 6.50%, 11/01/31 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 982 |
| 6.50%, 12/01/31 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2121 |
| 6.50%, 02/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 2042 |
| 6.50%, 03/01/32 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 5601 |
| 6.50%, 04/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 368 |
| 6.50%, 05/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1902 |
| 6.50%, 06/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1291 |
| 6.50%, 07/01/32 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 3597 |
| 6.50%, 08/01/32 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 8538 |
| 6.50%, 09/01/32 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 6855 |
| 6.50%, 11/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 145 |
| 6.50%, 01/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 225 |
| 6.50%, 03/01/33 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3835 |
| 6.50%, 05/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 551 |
| 6.50%, 07/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 27 |
| 6.50%, 09/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 109 |
| 6.50%, 11/01/33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3394 |
| 6.50%, 01/01/34 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 4611 |
| 6.50%, 03/01/34 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 134 |
| 6.50%, 05/01/34 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 7436 |
| 6.50%, 08/01/34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5291 |
| 6.50%, 09/01/34 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 8694 |
| 6.50%, 10/01/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1469 |
| 6.50%, 11/01/34 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 618 |
| 6.50%, 04/01/35 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1712 |
| 6.50%, 02/01/36 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2786 |
| 6.50%, 05/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 816 |
| 6.50%, 06/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 381 |
| 6.50%, 07/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 776 |
| 6.50%, 08/01/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26325 |
| 6.50%, 09/01/36 | &nbsp;&nbsp; 96 | &nbsp;&nbsp; 103449 |
| 6.50%, 10/01/36 | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 22061 |
| 6.50%, 11/01/36 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 302 |
| 6.50%, 12/01/36 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 26850 |
| 6.50%, 02/01/37 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 5762 |
| 6.50%, 03/01/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1692 |
| 6.50%, 06/01/37 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 357 |
| 6.50%, 07/01/37 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 27377 |
| 6.50%, 08/01/37 | &nbsp;&nbsp; 847 | &nbsp;&nbsp; 909348 |
| 6.50%, 09/01/37 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6883 |
| 6.50%, 10/01/37 | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 60430 |
| 6.50%, 11/01/37 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 9263 |
| 6.50%, 12/01/37 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 34809 |
| 6.50%, 01/01/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2317 |
| 6.50%, 02/01/38 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3696 |
| 6.50%, 03/01/38 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 11278 |
| 6.50%, 05/01/38 | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 36934 |
| 6.50%, 06/01/38 | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 11465 |
| 6.50%, 09/01/38 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3912 |
| 6.50%, 12/01/38 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3603 |
| 6.50%, 01/01/39 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6538 |
| 6.50%, 03/01/39 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1670 |
| 6.50%, 05/01/39 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1676 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 6.50%, 10/01/39 | &nbsp;&nbsp; $788 | &nbsp;&nbsp; $846654 |
| 6.50%, 05/01/40 | &nbsp;&nbsp; 524 | &nbsp;&nbsp; 563608 |
| 6.50%, 01/01/53 | &nbsp;&nbsp; 4467 | &nbsp;&nbsp; 4681501 |
| 6.50%, 02/01/53 | &nbsp;&nbsp; 4985 | &nbsp;&nbsp; 5283483 |
| 6.50%, 04/01/53 | &nbsp;&nbsp; 57185 | &nbsp;&nbsp; 60464816 |
| 6.50%, 06/01/53 | &nbsp;&nbsp; 8364 | &nbsp;&nbsp; 8735708 |
| 6.50%, 07/01/53 | &nbsp;&nbsp; 8462 | &nbsp;&nbsp; 8926603 |
| 6.50%, 08/01/53 | &nbsp;&nbsp; 60537 | &nbsp;&nbsp; 63776873 |
| 6.50%, 09/01/53 | &nbsp;&nbsp; 23861 | &nbsp;&nbsp; 25018117 |
| 6.50%, 10/01/53 | &nbsp;&nbsp; 113833 | &nbsp;&nbsp; 119757546 |
| 6.50%, 11/01/53 | &nbsp;&nbsp; 89710 | &nbsp;&nbsp; 94031667 |
| 6.50%, 12/01/53 | &nbsp;&nbsp; 134389 | &nbsp;&nbsp; 141351286 |
| 6.50%, 01/01/54 | &nbsp;&nbsp; 50322 | &nbsp;&nbsp; 52939331 |
| 6.50%, 02/01/54 | &nbsp;&nbsp; 48880 | &nbsp;&nbsp; 51671686 |
| 6.50%, 03/01/54 | &nbsp;&nbsp; 69255 | &nbsp;&nbsp; 72131714 |
| 6.50%, 04/01/54 | &nbsp;&nbsp; 17747 | &nbsp;&nbsp; 18594481 |
| 6.50%, 05/01/54 | &nbsp;&nbsp; 29359 | &nbsp;&nbsp; 30636778 |
| 6.50%, 06/01/54 | &nbsp;&nbsp; 16169 | &nbsp;&nbsp; 17246443 |
| 6.50%, 07/01/54 | &nbsp;&nbsp; 30834 | &nbsp;&nbsp; 32181309 |
| 6.50%, 08/01/54 | &nbsp;&nbsp; 44365 | &nbsp;&nbsp; 46797576 |
| 6.50%, 09/01/54 | &nbsp;&nbsp; 43782 | &nbsp;&nbsp; 45917662 |
| 6.50%, 11/01/54 | &nbsp;&nbsp; 21987 | &nbsp;&nbsp; 22840107 |
| 6.50%, 01/01/55 | &nbsp;&nbsp; 24196 | &nbsp;&nbsp; 25319764 |
| 6.50%, 03/15/55<sup>(c)</sup> | &nbsp;&nbsp; 68650 | &nbsp;&nbsp; 71300475 |
| 6.50%, 04/01/55 | &nbsp;&nbsp; 21019 | &nbsp;&nbsp; 21946454 |
| 6.50%, 07/01/55 | &nbsp;&nbsp; 12426 | &nbsp;&nbsp; 13009633 |
| 6.50%, 07/01/55<sup>(b)</sup> | &nbsp;&nbsp; 12877 | &nbsp;&nbsp; 13477462 |
| 6.50%, 08/01/55 | &nbsp;&nbsp; 54179 | &nbsp;&nbsp; 56920503 |
| 6.50%, 09/01/55 | &nbsp;&nbsp; 22530 | &nbsp;&nbsp; 23680099 |
| 6.50%, 10/01/55 | &nbsp;&nbsp; 13427 | &nbsp;&nbsp; 13947549 |
| 7.00%, 05/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 3 |
| 7.00%, 08/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 1 |
| 7.00%, 02/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 3 |
| 7.00%, 04/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 19 |
| 7.00%, 09/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 219 |
| 7.00%, 11/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 54 |
| 7.00%, 12/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 11 |
| 7.00%, 03/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 159 |
| 7.00%, 04/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 7 |
| 7.00%, 07/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 421 |
| 7.00%, 01/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 79 |
| 7.00%, 02/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 128 |
| 7.00%, 05/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 193 |
| 7.00%, 06/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 184 |
| 7.00%, 08/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 444 |
| 7.00%, 01/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 45 |
| 7.00%, 02/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 70 |
| 7.00%, 09/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 401 |
| 7.00%, 12/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 60 |
| 7.00%, 02/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 78 |
| 7.00%, 09/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 264 |
| 7.00%, 11/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 36 |
| 7.00%, 03/01/32 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1825 |
| 7.00%, 04/01/32 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 13244 |
| 7.00%, 05/01/32 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2083 |
| 7.00%, 07/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 242 |
| 7.00%, 08/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 451 |
| 7.00%, 10/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 432 |
| 7.00%, 12/01/32 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2452 |
| 7.00%, 01/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1499 |
| 7.00%, 07/01/36 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 659 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 7.00%, 08/01/36 | &nbsp;&nbsp; $1 | &nbsp;&nbsp; $595 |
| 7.00%, 01/01/37 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1002 |
| 7.00%, 03/01/37 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2326 |
| 7.00%, 04/01/37 | &nbsp;&nbsp; 246 | &nbsp;&nbsp; 268964 |
| 7.00%, 05/01/37 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3167 |
| 7.00%, 06/01/37 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 6383 |
| 7.00%, 09/01/37 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 413 |
| 7.00%, 12/01/37 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 6305 |
| 7.00%, 05/01/38 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 366 |
| 7.00%, 12/01/38 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2644 |
| 7.00%, 01/01/39 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 263 |
| 7.50%, 05/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 3 |
| 7.50%, 07/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 1 |
| 7.50%, 08/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 4 |
| 7.50%, 01/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 3 |
| 7.50%, 04/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 26 |
| 7.50%, 07/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 141 |
| 7.50%, 09/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 15 |
| 7.50%, 11/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 18 |
| 7.50%, 01/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 44 |
| 7.50%, 07/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 140 |
| 7.50%, 08/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 25 |
| 7.50%, 09/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 563 |
| 7.50%, 06/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 267 |
| 7.50%, 12/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 750 |
| 7.50%, 01/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 111 |
| 7.50%, 05/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 429 |
| 7.50%, 06/01/31 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 347 |
| 7.50%, 07/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 79 |
| 7.50%, 10/01/32 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 29 |
| 7.50%, 03/01/33 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1738 |
| 7.50%, 06/01/33 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 33 |
| 7.50%, 12/01/37 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 118 |
| 8.00%, 08/01/27 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 11 |
| 8.00%, 06/01/28 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 4 |
| 8.00%, 08/01/29 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 313 |
| 8.00%, 04/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 37 |
| 8.00%, 06/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 112 |
| 8.00%, 10/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 75 |
| 8.50%, 12/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 4 |
| 8.50%, 04/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 240 |
| 8.50%, 05/01/32 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 717 |
| 9.00%, 11/01/26 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 1 |
| 9.00%, 10/01/30 | &nbsp;&nbsp; 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp; 47 |
|  |  | &nbsp;&nbsp; 39645991133 |
| **Total Long-Term Investments — 99.5%** <br>**(Cost: $40,352,743,594)** | **Total Long-Term Investments — 99.5%** <br>**(Cost: $40,352,743,594)** | &nbsp;&nbsp; 39645991133 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 5.9%** | **Money Market Funds — 5.9%** | **Money Market Funds — 5.9%** |
| BlackRock Cash Funds: Institutional, SL <br> Agency Shares, 3.84%<sup>(d)(e)(f)</sup><br>| &nbsp;&nbsp; 2348574595 | &nbsp;&nbsp; 2349748882 |

---

Schedule of Investments

------

Schedule of Investments (continued)

February 28, 2026

**iShares® MBS ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Money Market Funds (continued)** | **Money Market Funds (continued)** | **Money Market Funds (continued)** |
| BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.64%<sup>(d)(e)</sup><br>| &nbsp;&nbsp; 100000 | &nbsp;&nbsp; $100000 |
| **Total Short-Term Securities — 5.9%** <br>**(Cost: $2,348,873,760)** | **Total Short-Term Securities — 5.9%** <br>**(Cost: $2,348,873,760)** | &nbsp;&nbsp; 2349848882 |
| **Total Investments Before TBA Sales Commitments — 105.4%** <br>**(Cost: $42,701,617,354)** | **Total Investments Before TBA Sales Commitments — 105.4%** <br>**(Cost: $42,701,617,354)** | &nbsp;&nbsp; 41995840015 |
|  | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>|  |
| **TBA Sales Commitments**<sup>(c)</sup> | **TBA Sales Commitments**<sup>(c)</sup> | **TBA Sales Commitments**<sup>(c)</sup> |
| **Mortgage-Backed Securities — (0.3)%** | **Mortgage-Backed Securities — (0.3)%** | **Mortgage-Backed Securities — (0.3)%** |
| Government National Mortgage Association |  |  |
| 5.00%, 03/19/56 | &nbsp;&nbsp; (53500)<br>| &nbsp;&nbsp; (53681514)<br>|
| 5.50%, 03/19/56 | &nbsp;&nbsp; (13200)<br>| &nbsp;&nbsp; (13368451)<br>|
| Uniform Mortgage-Backed Securities |  |  |
| 5.00%, 03/15/56 | &nbsp;&nbsp; (36600)<br>| &nbsp;&nbsp; (36764167)<br>|

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| 5.50%, 03/12/56 | &nbsp;&nbsp; (8525)<br>| &nbsp;&nbsp; $(8661680)<br>|
| **Total TBA Sales Commitments — (0.3)%** <br>**(Proceeds: $(112400711))** | **Total TBA Sales Commitments — (0.3)%** <br>**(Proceeds: $(112400711))** | &nbsp;&nbsp; (112475812)<br>|
| **Total Investments, Net of TBA Sales Commitments — 105.1%** <br>**(Cost: $42,589,216,643)** | **Total Investments, Net of TBA Sales Commitments — 105.1%** <br>**(Cost: $42,589,216,643)** | &nbsp;&nbsp; 41883364203 |
| **Liabilities in Excess of Other Assets — (5.1)%** | **Liabilities in Excess of Other Assets — (5.1)%** | &nbsp;&nbsp; (2049349582)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $39834014621 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Rounds to less than 1,000.

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

<sup>(c)</sup> Represents or includes a TBA transaction.

<sup>(d)</sup> Affiliate of the Fund.

<sup>(e)</sup> Annualized 7-day yield as of period end.

<sup>(f)</sup> All or a portion of this security represents an investment of TBA cash collateral.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institu-<br> tional, SL Agency Shares<br>| $1790973834<br> $558612592 <br><sup>(a)</sup><br>| $— | $161602 | $854 | $2349748882 | 2348574595 | $71333283 | $— |
| BlackRock Cash Funds: Treasury, <br> SL Agency Shares<br>| 100000<br> 0 <br><sup>(a)</sup><br>|  |  |  | 100000 | 100000 | 4067 |  |
|  |  |  | $161602 | $854 | $2349848882 |  | $71337350 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| Investments  |  |  |  |  |
| Long-Term Investments  |  |  |  |  |
| U.S. Government Agency Obligations | &nbsp;&nbsp; $— | &nbsp;&nbsp; $39645991133 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $39645991133 |
| Short-Term Securities  |  |  |  |  |
| Money Market Funds | &nbsp;&nbsp; 2349848882 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2349848882 |
| Liabilities |  |  |  |  |
| Investments  |  |  |  |  |
| TBA Sales Commitments | &nbsp;&nbsp; — | &nbsp;&nbsp; (112475812)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (112475812)<br>|
|  | &nbsp;&nbsp; $2349848882 | &nbsp;&nbsp; $39533515321 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $41883364203 |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Assets and Liabilities

February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; iShares <br>Government/Credit <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>Intermediate <br> Government/Credit <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>MBS ETF <br>|
| **ASSETS** |  |  |  |
| Investments, at value—unaffiliated<sup>(a)(b)</sup> | $130907382 | $3840211895 | $39645991133 |
| Investments, at value—affiliated<sup>(c)</sup> | 1415763 | 57191179 | 2349848882 |
| Receivables: |  |  |  |
| Investments sold | 1651922 | 62476137 | 36317616 |
| Securities lending income—affiliated | 290 | 9252 |  |
| TBA sales commitments |  |  | 112400711 |
| Dividends—affiliated | 1915 | 45027 | 5711464 |
| Interest—unaffiliated | 1264527 | 37496332 | 120442013 |
| Total assets | 135241799 | 3997429822 | 42270711819 |
| **LIABILITIES** |  |  |  |
| Bank overdraft | 1011 | 2009330 | 1040512 |
| Cash received as collateral for TBA commitments |  |  | 3590347 |
| Collateral on securities loaned, at value | 515763 | 39971179 |  |
| TBA sales commitments, at value<sup>(d)</sup> |  |  | 112475812 |
| Payables: |  |  |  |
| Investments purchased | 1796492 | 56249691 | 2318513959 |
| Capital shares redeemed |  | 140974 |  |
| Investment advisory fees | 20082 | 602477 | 1076568 |
| Total liabilities | 2333348 | 98973651 | 2436697198 |
| **Commitments and contingent liabilities** |  |  |  |
| NET ASSETS | $132908451 | $3898456171 | $39834014621 |
| **NET ASSETS CONSIST OF** |  |  |  |
| Paid-in capital | $144284535 | $3919732942 | $41168734967 |
| Accumulated loss | (11376084) | (21276771) | (1334720346) |
| NET ASSETS | $132908451 | $3898456171 | $39834014621 |
| **NET ASSET VALUE** |  |  |  |
| Shares outstanding | 1250000 | 36000000 | 410800000 |
| Net asset value | $106.33 | $108.29 | $96.97 |
| Shares authorized | Unlimited | Unlimited | Unlimited |
| Par value |  |  |  |
| <sup>(a)</sup> Investments, at cost—unaffiliated | $135845024 | $3822147861 | $40352743594 |
| <sup>(b)</sup> Securities loaned, at value | $498729 | $38793573 | $— |
| <sup>(c)</sup> Investments, at cost—affiliated | $1415763 | $57191179 | $2348873760 |
| <sup>(d)</sup> Proceeds from TBA sales commitments | $— | $— | $112400711 |

---

*See notes to financial statements.*

Statements of Assets and Liabilities

------

Statements of Operations

Year Ended February 28, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | iShares <br>Government/Credit <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>Intermediate <br> Government/Credit <br> Bond ETF <br>| &nbsp;&nbsp; iShares <br>MBS ETF <br>|
| **INVESTMENT INCOME** |  |  |  |
| Dividends—affiliated | &nbsp;&nbsp; $26330 | &nbsp;&nbsp;&nbsp; $584343 | &nbsp;&nbsp;&nbsp; $71337350 |
| Interest—unaffiliated | &nbsp;&nbsp; 5384054 | &nbsp;&nbsp;&nbsp; 134141292 | &nbsp;&nbsp;&nbsp; 1613355297 |
| Securities lending income—affiliated—net | &nbsp;&nbsp; 3320 | &nbsp;&nbsp;&nbsp; 79112 | &nbsp;&nbsp;&nbsp; — |
| Other income—unaffiliated | &nbsp;&nbsp; 2427 | &nbsp;&nbsp;&nbsp; 60975 | &nbsp;&nbsp;&nbsp; — |
| Total investment income | &nbsp;&nbsp; 5416131 | &nbsp;&nbsp;&nbsp; 134865722 | &nbsp;&nbsp;&nbsp; 1684692647 |
| EXPENSES |  |  |  |
| Investment advisory | &nbsp;&nbsp; 279077 | &nbsp;&nbsp;&nbsp; 7197128 | &nbsp;&nbsp;&nbsp; 14271429 |
| Interest expense | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2971 |
| Total expenses | &nbsp;&nbsp; 279077 | &nbsp;&nbsp;&nbsp; 7197128 | &nbsp;&nbsp;&nbsp; 14274400 |
| Less: |  |  |  |
| Investment advisory fees waived | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (120200)<br>|
| Total expenses after fees waived | &nbsp;&nbsp; 279077 | &nbsp;&nbsp;&nbsp; 7197128 | &nbsp;&nbsp;&nbsp; 14154200 |
| Net investment income | &nbsp;&nbsp; 5137054 | &nbsp;&nbsp;&nbsp; 127668594 | &nbsp;&nbsp;&nbsp; 1670538447 |
| **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |
| Net realized gain (loss) from: |  |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; (1154338)<br>| &nbsp;&nbsp;&nbsp; (5048114)<br>| &nbsp;&nbsp;&nbsp; (71700513)<br>|
| Investments—affiliated | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 161602 |
| In-kind redemptions—unaffiliated<sup>(a)</sup> | &nbsp;&nbsp; (937626)<br>| &nbsp;&nbsp;&nbsp; 1023897 | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; (2091964)<br>| &nbsp;&nbsp;&nbsp; (4024217)<br>| &nbsp;&nbsp;&nbsp; (71538911)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |  |  |
| Investments—unaffiliated | &nbsp;&nbsp; 4482621 | &nbsp;&nbsp;&nbsp; 85961624 | &nbsp;&nbsp;&nbsp; 1302493571 |
| Investments—affiliated | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 854 |
|  | &nbsp;&nbsp; 4482621 | &nbsp;&nbsp;&nbsp; 85961624 | &nbsp;&nbsp;&nbsp; 1302494425 |
| Net realized and unrealized gain | &nbsp;&nbsp; 2390657 | &nbsp;&nbsp;&nbsp; 81937407 | &nbsp;&nbsp;&nbsp; 1230955514 |
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | &nbsp;&nbsp; $7527711 | &nbsp;&nbsp;&nbsp; $209606001 | &nbsp;&nbsp;&nbsp; $2901493961 |
| <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. | <sup>(a)</sup> See Note 2 of the Notes to Financial Statements. |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Statements of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | iShares <br>Government/Credit Bond ETF  | iShares <br>Government/Credit Bond ETF  | iShares <br>Intermediate Government/Credit Bond ETF  | iShares <br>Intermediate Government/Credit Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |  |  |
| **OPERATIONS** |  |  |  |  |
| Net investment income | &nbsp;&nbsp; $5137054 | &nbsp;&nbsp;&nbsp; $8378772 | &nbsp;&nbsp;&nbsp; $127668594 | &nbsp;&nbsp;&nbsp; $111182422 |
| Net realized loss | &nbsp;&nbsp; (2091964)<br>| &nbsp;&nbsp;&nbsp; (3696993)<br>| &nbsp;&nbsp;&nbsp; (4024217)<br>| &nbsp;&nbsp;&nbsp; (10244091)<br>|
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 4482621 | &nbsp;&nbsp;&nbsp; 6417533 | &nbsp;&nbsp;&nbsp; 85961624 | &nbsp;&nbsp;&nbsp; 78809068 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 7527711 | &nbsp;&nbsp;&nbsp; 11099312 | &nbsp;&nbsp;&nbsp; 209606001 | &nbsp;&nbsp;&nbsp; 179747399 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(a)</sup> <br>|  |  |  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (5344266)<br>| &nbsp;&nbsp;&nbsp; (8871780)<br>| &nbsp;&nbsp;&nbsp; (125682611)<br>| &nbsp;&nbsp;&nbsp; (110685242)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |  |  |
| Net increase (decrease) in net assets derived from capital share transactions | &nbsp;&nbsp; (26050146)<br>| &nbsp;&nbsp;&nbsp; (175590765)<br>| &nbsp;&nbsp;&nbsp; 502045762 | &nbsp;&nbsp;&nbsp; 78648024 |
| *NET ASSETS* |  |  |  |  |
| Total increase (decrease) in net assets | &nbsp;&nbsp; (23866701)<br>| &nbsp;&nbsp;&nbsp; (173363233)<br>| &nbsp;&nbsp;&nbsp; 585969152 | &nbsp;&nbsp;&nbsp; 147710181 |
| Beginning of year | &nbsp;&nbsp; 156775152 | &nbsp;&nbsp;&nbsp; 330138385 | &nbsp;&nbsp;&nbsp; 3312487019 | &nbsp;&nbsp;&nbsp; 3164776838 |
| End of year | &nbsp;&nbsp; $132908451 | &nbsp;&nbsp;&nbsp; $156775152 | &nbsp;&nbsp;&nbsp; $3898456171 | &nbsp;&nbsp;&nbsp; $3312487019 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

Statements of Changes in Net Assets

------

Statements of Changes in Net Assets(continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | iShares <br>MBS ETF  | iShares <br>MBS ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>|
| *INCREASE (DECREASE) IN NET ASSETS* |  |  |
| **OPERATIONS** |  |  |
| Net investment income | &nbsp;&nbsp; $1670538447 | &nbsp;&nbsp;&nbsp; $1324044106 |
| Net realized loss | &nbsp;&nbsp; (71538911)<br>| &nbsp;&nbsp;&nbsp; (56209702)<br>|
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 1302494425 | &nbsp;&nbsp;&nbsp; 845843643 |
| Net increase in net assets resulting from operations | &nbsp;&nbsp; 2901493961 | &nbsp;&nbsp;&nbsp; 2113678047 |
| **DISTRIBUTIONS TO SHAREHOLDERS**<sup>(a)</sup> <br>|  |  |
| Decrease in net assets resulting from distributions to shareholders | &nbsp;&nbsp; (1664723962)<br>| &nbsp;&nbsp;&nbsp; (1283920660)<br>|
| **CAPITAL SHARE TRANSACTIONS** |  |  |
| Net increase in net assets derived from capital share transactions | &nbsp;&nbsp; 948848175 | &nbsp;&nbsp;&nbsp; 8940507291 |
| *NET ASSETS* |  |  |
| Total increase in net assets | &nbsp;&nbsp; 2185618174 | &nbsp;&nbsp;&nbsp; 9770264678 |
| Beginning of year | &nbsp;&nbsp; 37648396447 | &nbsp;&nbsp;&nbsp; 27878131769 |
| End of year | &nbsp;&nbsp; $39834014621 | &nbsp;&nbsp;&nbsp; $37648396447 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares Government/Credit Bond ETF  | iShares Government/Credit Bond ETF  | iShares Government/Credit Bond ETF  | iShares Government/Credit Bond ETF  | iShares Government/Credit Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $104.52 | &nbsp;&nbsp;&nbsp; $103.17 | &nbsp;&nbsp;&nbsp; $102.98 | &nbsp;&nbsp;&nbsp; $117.13 | &nbsp;&nbsp;&nbsp; $121.96 |
| Net investment income<sup>(a)</sup> | 3.84 | &nbsp;&nbsp;&nbsp;&nbsp;3.91 | &nbsp;&nbsp;&nbsp;&nbsp;3.73 | &nbsp;&nbsp;&nbsp;&nbsp;2.09 | &nbsp;&nbsp;&nbsp;&nbsp;1.52 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 1.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.45 | &nbsp;&nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp;&nbsp; (14.00)<br>| &nbsp;&nbsp;&nbsp; (4.87)<br>|
| Net increase (decrease) from investment operations | 5.79 | &nbsp;&nbsp;&nbsp;&nbsp;5.36 | &nbsp;&nbsp;&nbsp;&nbsp;3.53 | &nbsp;&nbsp;&nbsp; (11.91)<br>| &nbsp;&nbsp;&nbsp; (3.35)<br>|
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (3.98)<br>| &nbsp;&nbsp;&nbsp; (4.01)<br>| &nbsp;&nbsp;&nbsp; (3.34)<br>| &nbsp;&nbsp;&nbsp; (2.24)<br>| &nbsp;&nbsp;&nbsp; (1.48)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $106.33 | &nbsp;&nbsp;&nbsp; $104.52 | &nbsp;&nbsp;&nbsp; $103.17 | &nbsp;&nbsp;&nbsp; $102.98 | &nbsp;&nbsp;&nbsp; $117.13 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 5.66<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.31<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.48<br> %<br>| &nbsp;&nbsp;&nbsp; (10.22)%<br>| &nbsp;&nbsp;&nbsp; (2.76)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> %<br>|
| Net investment income | 3.68<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.64<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.94<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.26<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $132908 | &nbsp;&nbsp;&nbsp; $156775 | &nbsp;&nbsp;&nbsp; $330138 | &nbsp;&nbsp;&nbsp; $154475 | &nbsp;&nbsp;&nbsp; $427541 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 20<br> %<br>| &nbsp;&nbsp;&nbsp; 15<br> %<br>| &nbsp;&nbsp;&nbsp; 18<br> %<br>| &nbsp;&nbsp;&nbsp; 17<br> %<br>| &nbsp;&nbsp;&nbsp; 21<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

Financial Highlights

------

Financial Highlights(continued)

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares Intermediate Government/Credit Bond ETF  | iShares Intermediate Government/Credit Bond ETF  | iShares Intermediate Government/Credit Bond ETF  | iShares Intermediate Government/Credit Bond ETF  | iShares Intermediate Government/Credit Bond ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $105.83 | &nbsp;&nbsp;&nbsp; $103.59 | &nbsp;&nbsp;&nbsp; $102.32 | &nbsp;&nbsp;&nbsp; $111.36 | &nbsp;&nbsp;&nbsp; $116.01 |
| Net investment income<sup>(a)</sup> | 3.79 | &nbsp;&nbsp;&nbsp;&nbsp;3.53 | &nbsp;&nbsp;&nbsp;&nbsp;3.07 | &nbsp;&nbsp;&nbsp;&nbsp;2.08 | &nbsp;&nbsp;&nbsp;&nbsp;1.63 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 2.42 | &nbsp;&nbsp;&nbsp;&nbsp;2.24 | &nbsp;&nbsp;&nbsp;&nbsp;1.16 | &nbsp;&nbsp;&nbsp; (9.12)<br>| &nbsp;&nbsp;&nbsp; (4.64)<br>|
| Net increase (decrease) from investment operations | 6.21 | &nbsp;&nbsp;&nbsp;&nbsp;5.77 | &nbsp;&nbsp;&nbsp;&nbsp;4.23 | &nbsp;&nbsp;&nbsp; (7.04)<br>| &nbsp;&nbsp;&nbsp; (3.01)<br>|
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (3.75)<br>| &nbsp;&nbsp;&nbsp; (3.53)<br>| &nbsp;&nbsp;&nbsp; (2.96)<br>| &nbsp;&nbsp;&nbsp; (2.00)<br>| &nbsp;&nbsp;&nbsp; (1.64)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $108.29 | &nbsp;&nbsp;&nbsp; $105.83 | &nbsp;&nbsp;&nbsp; $103.59 | &nbsp;&nbsp;&nbsp; $102.32 | &nbsp;&nbsp;&nbsp; $111.36 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 5.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.20<br> %<br>| &nbsp;&nbsp;&nbsp; (6.36)%<br>| &nbsp;&nbsp;&nbsp; (2.61)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> %<br>|
| Net investment income | 3.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.38<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.98<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.99<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $3898456 | &nbsp;&nbsp;&nbsp; $3312487 | &nbsp;&nbsp;&nbsp; $3164777 | &nbsp;&nbsp;&nbsp; $2460818 | &nbsp;&nbsp;&nbsp; $2566956 |
| Portfolio turnover rate<sup>(f)</sup> | &nbsp;&nbsp; 21<br> %<br>| &nbsp;&nbsp;&nbsp; 21<br> %<br>| &nbsp;&nbsp;&nbsp; 19<br> %<br>| &nbsp;&nbsp;&nbsp; 22<br> %<br>| &nbsp;&nbsp;&nbsp; 30<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |

---

*See notes to financial statements.*

2026 iShares Annual Financial Statements and Additional Information

------

Financial Highlights(continued)

(For a share outstanding throughout each period)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | iShares MBS ETF  | iShares MBS ETF  | iShares MBS ETF  | iShares MBS ETF  | iShares MBS ETF  |
|  | Year Ended <br>02/28/26<br>| &nbsp;&nbsp; Year Ended <br>02/28/25<br>| &nbsp;&nbsp; Year Ended <br>02/29/24<br>| &nbsp;&nbsp; Year Ended <br>02/28/23<br>| &nbsp;&nbsp; Year Ended <br>02/28/22<br>|
| **Net asset value, beginning of year** | &nbsp;&nbsp; $94.12 | &nbsp;&nbsp;&nbsp; $91.92 | &nbsp;&nbsp;&nbsp; $93.15 | &nbsp;&nbsp;&nbsp; $104.74 | &nbsp;&nbsp;&nbsp; $109.29 |
| Net investment income<sup>(a)</sup> | 4.01 | &nbsp;&nbsp;&nbsp;&nbsp;3.76 | &nbsp;&nbsp;&nbsp;&nbsp;3.32 | &nbsp;&nbsp;&nbsp;&nbsp;2.43 | &nbsp;&nbsp;&nbsp;&nbsp;1.21 |
| Net realized and unrealized gain (loss)<sup>(b)</sup> | 2.84 | &nbsp;&nbsp;&nbsp;&nbsp;2.09 | &nbsp;&nbsp;&nbsp; (1.30)<br>| &nbsp;&nbsp;&nbsp; (11.80)<br>| &nbsp;&nbsp;&nbsp; (4.65)<br>|
| Net increase (decrease) from investment operations | 6.85 | &nbsp;&nbsp;&nbsp;&nbsp;5.85 | &nbsp;&nbsp;&nbsp;&nbsp;2.02 | &nbsp;&nbsp;&nbsp; (9.37)<br>| &nbsp;&nbsp;&nbsp; (3.44)<br>|
| Distributions from net investment income<sup>(c)</sup> | &nbsp;&nbsp; (4.00)<br>| &nbsp;&nbsp;&nbsp; (3.65)<br>| &nbsp;&nbsp;&nbsp; (3.25)<br>| &nbsp;&nbsp;&nbsp; (2.22)<br>| &nbsp;&nbsp;&nbsp; (1.11)<br>|
| **Net asset value, end of year** | &nbsp;&nbsp; $96.97 | &nbsp;&nbsp;&nbsp; $94.12 | &nbsp;&nbsp;&nbsp; $91.92 | &nbsp;&nbsp;&nbsp; $93.15 | &nbsp;&nbsp;&nbsp; $104.74 |
| **Total Return**<sup>(d)</sup> <br>|  |  |  |  |  |
| Based on net asset value | 7.46<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.52<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.23<br> %<br>| &nbsp;&nbsp;&nbsp; (9.01)%<br>| &nbsp;&nbsp;&nbsp; (3.15)%<br>|
| **Ratios to Average Net Assets**<sup>(e)</sup> <br>|  |  |  |  |  |
| Total expenses | 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br> %<br>|
| Total expenses after fees waived | 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br> %<br>|
| Net investment income | 4.25<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.61<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.52<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12<br> %<br>|
| **Supplemental Data** |  |  |  |  |  |
| Net assets, end of year (000) | &nbsp;&nbsp; $39834015 | &nbsp;&nbsp;&nbsp; $37648396 | &nbsp;&nbsp;&nbsp; $27878132 | &nbsp;&nbsp;&nbsp; $24730574 | &nbsp;&nbsp;&nbsp; $24080624 |
| Portfolio turnover rate<sup>(f)(g)</sup> | &nbsp;&nbsp; 153<br> %<br>| &nbsp;&nbsp;&nbsp; 144<br> %<br>| &nbsp;&nbsp;&nbsp; 219<br> %<br>| &nbsp;&nbsp;&nbsp; 249<br> %<br>| &nbsp;&nbsp;&nbsp; 349<br> %<br>|
| <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. | <sup>(a)</sup> Based on average shares outstanding. |
| <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. | <sup>(b)</sup> The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share <br> transactions in relation to the fluctuating market values of the Fund's underlying securities. |
| <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | <sup>(c)</sup> Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. | <sup>(d)</sup> Where applicable, assumes the reinvestment of distributions. |
| <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | <sup>(e)</sup> Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. | <sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions, if any. |
| <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). | <sup>(g)</sup> Includes mortgage dollar roll transactions ("MDRs"). |

---

*See notes to financial statements.*

Financial Highlights

------

*Notes to Financial Statements* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***1. ORGANIZATION***

iShares Trust (the "Trust") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following funds (each, a "Fund" and collectively, the "Funds"):

---

| | |
|:---|:---|
| *iShares ETF* | *Diversification* <br>*Classification* <br>|
| Government/Credit Bond | &nbsp;&nbsp; Diversified |
| Intermediate Government/Credit Bond | &nbsp;&nbsp; Diversified |
| MBS | &nbsp;&nbsp; Diversified |

---

***2. SIGNIFICANT ACCOUNTING POLICIES***

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

**Investment Transactions and Income Recognition:** For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed (the "trade dates"). Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.

**Cash:** The Funds may maintain cash at their custodian which, at times may exceed United States federally insured limits. The Funds may, at times, have outstanding cash disbursements that exceed deposited cash amounts at the custodian during the reporting period. The Funds are obligated to repay the custodian for any overdraft, including any related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Statements of Operations.

**Collateralization:** If required by an exchange or counterparty agreement, the Funds may be required to deliver/deposit cash and/or securities to/with an exchange, or broker-dealer or custodian as collateral for certain investments.

**In-kind Redemptions:** For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds' tax year. These reclassifications have no effect on net assets or net asset value ("NAV") per share.

**Distributions:** Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds.

**Indemnifications:** In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds' maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

**Segment Reporting:** The Chief Financial Officer acts as the Funds' Chief Operating Decision Maker ("CODM") and is responsible for assessing performance and allocating resources with respect to each Fund. The CODM has concluded that each Fund operates as a single operating segment since each Fund has a single investment strategy as disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presented within each Fund's financial statements.

**Recent Accounting Standard:** The Funds adopted Financial Accounting Standards Board Update 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures ("ASU 2023-09") during the period. ASU 2023-09 enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The Funds' adoption of the new standard did not have a material impact on financial statement disclosures and did not affect each Fund's financial position or results of operations.

***3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS***

**Investment Valuation Policies:** Each Fund's investments are valued at fair value (also referred to as "market value" within the financial statements) each day that the Fund's listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Trustees of the Trust (the "Board") of each Fund has approved the designation of BlackRock Fund Advisors ("BFA"), the Funds' investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA's policies. If a security's market price is not readily available or does not

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA's policies and procedures as reflecting fair value. BFA has formed a committee (the "Valuation Committee") to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

**Fair Value Inputs and Methodologies:** The following methods and inputs are used to establish the fair value of each Fund's assets and liabilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed-income investments and certain derivative instruments for which market quotations are readily available are generally valued using the last available bid price provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots of securities in certain asset classes may trade at lower prices than institutional round lots, and the value ultimately realized when the securities are sold could differ from the prices used by a fund. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.

&nbsp;&nbsp;&nbsp;&nbsp;• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day's NAV.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee in accordance with BFA's policies and procedures as reflecting fair value ("Fair Valued Investments"). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm's-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement as of the measurement date.

Fair value pricing could result in a difference between the prices used to calculate a fund's NAV and the prices used by the fund's underlying index, which in turn could result in a difference between the fund's performance and the performance of the fund's underlying index.

**Fair Value Hierarchy:** Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that each Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

***4. SECURITIES AND OTHER INVESTMENTS***

**Asset-Backed and Mortgage-Backed Securities:** Asset-backed securities are generally issued as pass-through certificates or as debt instruments. Asset-backed securities issued as pass-through certificates represent undivided fractional ownership interests in an underlying pool of assets. Asset-backed securities issued as debt instruments, which are also known as collateralized obligations, are typically issued as the debt of a special purpose entity organized solely for the purpose of owning such assets and issuing such debt. Asset-backed securities are often backed by a pool of assets representing the obligations of a number of different parties. The yield characteristics of certain asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal part of the obligations may be prepaid at any time because the underlying assets (i.e., loans) may be prepaid at any time. As a result, a decrease in interest rates in the market may result in increases in the level of prepayments as borrowers, particularly mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security will have the effect of shortening the maturity of the security. In addition, a fund may subsequently have to reinvest the proceeds at lower interest rates. If a fund has purchased such an asset-backed security at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium paid.

For mortgage pass-through securities (the "Mortgage Assets") there are a number of important differences among the agencies and instrumentalities of the U.S. Government that issue mortgage-related securities and among the securities that they issue. For example, mortgage-related securities guaranteed by Ginnie Mae are

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

guaranteed as to the timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage-related securities issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed mortgage pass-through certificates, which are solely the obligations of Freddie Mac and Fannie Mae, are not backed by or entitled to the full faith and credit of the United States, but are supported by the right of the issuer to borrow from the U.S. Treasury.

Non-agency mortgage-backed securities are securities issued by non-governmental issuers and have no direct or indirect government guarantees of payment and are subject to various risks. Non-agency mortgage loans are obligations of the borrowers thereunder only and are not typically insured or guaranteed by any other person or entity. The ability of a borrower to repay a loan is dependent upon the income or assets of the borrower. A number of factors, including a general economic downturn, acts of God, terrorism, social unrest and civil disturbances, may impair a borrower's ability to repay its loans.

**Zero-Coupon Bonds:** Zero-coupon bonds are normally issued at a significant discount from face value and do not provide for periodic interest payments. These bonds may experience greater volatility in market value than other debt obligations of similar maturity which provide for regular interest payments.

**TBA Commitments:** TBA commitments are forward agreements for the purchase or sale of securities, including mortgage-backed securities for a fixed price, with payment and delivery on an agreed upon future settlement date. The specific securities to be delivered are not identified at the trade date. However, delivered securities must meet specified terms, including issuer, rate and mortgage terms. When entering into TBA commitments, a fund may take possession of or deliver the underlying mortgage-backed securities but can extend the settlement or roll the transaction. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date, if there are expenses or delays in connection with the TBA transactions, or if the counterparty fails to complete the transaction.

To mitigate counterparty risk, a fund enters into a two-way collateral agreement for TBA transactions with certain counterparties. Under such agreement, the "in-the-money" party of a TBA transaction may at any time require the other party to pledge collateral assets (in the form of cash or securities) to offset any loss the in-the-money party would incur upon cancellation of the TBA transaction. A party is in-the-money if they are the buyer and the market value of the TBA transaction increases or if they are the seller and the market value of the TBA transaction decreases. Cash collateral received from the counterparty may be reinvested in money market funds, including those managed by the Funds' investment adviser, or its affiliates. Such collateral, if any, is noted in the Schedule of Investments and the obligation to return the collateral is presented as a liability in the Statements of Assets and Liabilities. Securities pledged as collateral by a fund, if any, are noted in the Schedule of Investments.

**Mortgage Dollar Roll Transactions:** The Funds may sell TBA mortgage-backed securities and simultaneously contract to repurchase substantially similar (i.e., same type, coupon and maturity) securities on a specific future date at an agreed upon price. During the period between the sale and repurchase, a fund is not entitled to receive interest and principal payments on the securities sold. Mortgage dollar roll transactions are treated as purchases and sales and a fund realizes gains and losses on these transactions. Mortgage dollar rolls involve the risk that the market value of the securities that a fund is required to purchase may decline below the agreed upon repurchase price of those securities.

**Securities Lending:** Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. Government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current market value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund's Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an "MSLA") which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty's bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties' obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party's net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF and Counterparty* | *Securities Loaned* <br>*at Value*<br>| &nbsp;&nbsp; *Cash Collateral* <br>*Received*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Non-Cash Collateral* <br>*Received, at Fair Value*<sup>(a)</sup> <br>| *Net Amount* |
| Government/Credit Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $58485 | &nbsp;&nbsp;&nbsp; $(58485) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Barclays Capital, Inc. | &nbsp;&nbsp; 21064 | &nbsp;&nbsp;&nbsp; (21064) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas Prime Brokerage International Ltd. | &nbsp;&nbsp; 26602 | &nbsp;&nbsp;&nbsp; (26602) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 55246 | &nbsp;&nbsp;&nbsp; (55246) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 34207 | &nbsp;&nbsp;&nbsp; (34207) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 11107 | &nbsp;&nbsp;&nbsp; (11107) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 237063 | &nbsp;&nbsp;&nbsp; (237063) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 1998 | &nbsp;&nbsp;&nbsp; (1998) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 10979 | &nbsp;&nbsp;&nbsp; (10979) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 25307 | &nbsp;&nbsp;&nbsp; (25307) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| UBS Securities LLC | &nbsp;&nbsp; 3543 | &nbsp;&nbsp;&nbsp; (3543) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 13128 | &nbsp;&nbsp;&nbsp; (13128) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $498729 | &nbsp;&nbsp;&nbsp; $(498729) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Intermediate Government/Credit Bond |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $1897758 | &nbsp;&nbsp;&nbsp; $(1897758) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |
| Barclays Capital, Inc. | &nbsp;&nbsp; 771885 | &nbsp;&nbsp;&nbsp; (771885) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BMO Capital Markets Corp. | &nbsp;&nbsp; 137816 | &nbsp;&nbsp;&nbsp; (137816) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BNP Paribas SA | &nbsp;&nbsp; 1629572 | &nbsp;&nbsp;&nbsp; (1629572) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| BofA Securities, Inc. | &nbsp;&nbsp; 10667437 | &nbsp;&nbsp;&nbsp; (10667437) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Citigroup Global Markets, Inc. | &nbsp;&nbsp; 1204026 | &nbsp;&nbsp;&nbsp; (1204026) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Deutsche Bank Securities, Inc. | &nbsp;&nbsp; 416995 | &nbsp;&nbsp;&nbsp; (416995) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Goldman Sachs & Co. LLC | &nbsp;&nbsp; 622372 | &nbsp;&nbsp;&nbsp; (622372) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| J.P. Morgan Securities LLC | &nbsp;&nbsp; 2226723 | &nbsp;&nbsp;&nbsp; (2226723) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Mitsubishi UFJ Securities Holdings Co., Ltd. | &nbsp;&nbsp; 41215 | &nbsp;&nbsp;&nbsp; (41215) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Morgan Stanley | &nbsp;&nbsp; 899428 | &nbsp;&nbsp;&nbsp; (899428) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| National Bank of Canada | &nbsp;&nbsp; 2029383 | &nbsp;&nbsp;&nbsp; (2029383) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Pershing LLC | &nbsp;&nbsp; 568131 | &nbsp;&nbsp;&nbsp; (568131) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| RBC Capital Markets LLC | &nbsp;&nbsp; 1123177 | &nbsp;&nbsp;&nbsp; (1123177) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| State Street Bank & Trust Company | &nbsp;&nbsp; 13713271 | &nbsp;&nbsp;&nbsp; (13713271) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| TD Securities (USA) LLC | &nbsp;&nbsp; 112270 | &nbsp;&nbsp;&nbsp; (112270) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Wells Fargo Securities LLC | &nbsp;&nbsp; 732114 | &nbsp;&nbsp;&nbsp; (732114) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp; $38793573 | &nbsp;&nbsp;&nbsp; $(38793573) | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund's Statements of Assets and Liabilities. 

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock Finance, Inc. BlackRock Finance, Inc.'s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.

***5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES***

**Investment Advisory Fees:** Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund's assets. BFA is a California corporation indirectly owned by BlackRock, Inc. ("BlackRock"). Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to each of the following Funds, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:

---

| | |
|:---|:---|
| *iShares ETF* | *Investment Advisory Fees* |
| Government/Credit Bond | 0.20% |
| Intermediate Government/Credit Bond | 0.20 |

---

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

For its investment advisory services to the iShares MBS ETF, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Fund, based on the Fund's allocable portion of the aggregate of the average daily net assets of the Fund and certain other iShares funds, as follows:

---

| | |
|:---|:---|
| *Aggregate Average Daily Net Assets* | *Investment Advisory Fees* |
| First $121 billion | 0.0400% |
| Over $121 billion, up to and including $181 billion | 0.038000 |
| Over $181 billion, up to and including $231 billion | 0.036100 |
| Over $231 billion, up to and including $281 billion | 0.034295 |
| Over $281 billion | 0.032580 |

---

**Expense waivers:** The total of the investment advisory fee and any other fund expenses are a fund's total annual operating expenses. For the iShares MBS ETF, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through February 28, 2027 in order to limit total annual operating expenses after fee waiver to 0.04% of average daily net assets.

This amount is included in investment advisory fees waived in the Statements of Operations. For the year ended February 28, 2026, the amounts waived in investment advisory fees pursuant to this arrangement were as follows:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts Waived* |
| MBS | &nbsp;&nbsp; $120200 |

---

**Distributor:** BlackRock Investments, LLC ("BRIL"), an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

**ETF Servicing Fees:** Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units ("ETF Services"). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.

**Securities Lending:** The U.S. Securities and Exchange Commission ("SEC") has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. ("BTC"), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the "collateral investment fees"). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. BlackRock Cash Funds: Institutional may impose a discretionary liquidity fee of up to 2% on all redemptions. Discretionary liquidity fees may be imposed or terminated at any time at the discretion of the board of directors of the money market fund, or its delegate, if it is determined that such fee would be, or would not be, respectively, in the best interest of the money market fund. Additionally, BlackRock Cash Funds: Institutional will impose a mandatory liquidity fee if the money market fund's total net redemptions on a single day exceed 5% of the money market fund's net assets, unless the amount of the fee is less than 0.01% of the value of the shares redeemed. BlackRock Cash Funds: Institutional will determine the size of the mandatory liquidity fee by making a good faith estimate of certain costs the money market fund would incur if it were to sell a pro rata amount of each security in the portfolio to satisfy the amount of net redemptions on that day. There is no limit to the size of a mandatory liquidity fee. If BlackRock Cash Funds: Institutional cannot estimate the costs of selling a pro rata amount of each portfolio security in good faith and supported by data, it is required to apply a default liquidity fee of 1% on the value of shares redeemed on that day.

Securities lending income is generally equal to the total of income earned from the reinvestment of cash collateral (and excludes collateral investment fees), and any fees or other payments to and from borrowers of securities. Each Fund retains a portion of the securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across the iShares ETF Complex in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 28, 2026, the Funds paid BTC the following amounts for securities lending agent services:

---

| | |
|:---|:---|
| *iShares ETF* | *Amounts* |
| Government/Credit Bond | &nbsp;&nbsp; $916 |
| Intermediate Government/Credit Bond | &nbsp;&nbsp; 23551 |

---

**Trustees and Officers:** Certain trustees and/or officers of the Trust are directors and/or officers of BlackRock or its affiliates.

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

**Other Transactions:** Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund's underlying index.

***6. PURCHASES AND SALES***

For the year ended February 28, 2026, purchases and sales of investments, including mortgage dollar rolls and excluding short-term securities and in-kind transactions, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *U.S. Government Securities* | *U.S. Government Securities* | *Other Securities* | *Other Securities* |
| *iShares ETF* | &nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* | &nbsp;&nbsp;&nbsp; *Purchases* | &nbsp;&nbsp;&nbsp; *Sales* |
| Government/Credit Bond | &nbsp;&nbsp; $22949044 | &nbsp;&nbsp;&nbsp; $20670642 | &nbsp;&nbsp;&nbsp; $5501989 | &nbsp;&nbsp;&nbsp; $7277989 |
| Intermediate Government/Credit Bond | &nbsp;&nbsp; 552318635 | &nbsp;&nbsp;&nbsp; 555904837 | &nbsp;&nbsp;&nbsp; 190626092 | &nbsp;&nbsp;&nbsp; 200764731 |
| MBS | &nbsp;&nbsp; 59570235421 | &nbsp;&nbsp;&nbsp; 64177326782 | &nbsp;&nbsp;&nbsp; 6677835 | &nbsp;&nbsp;&nbsp; 2900424 |

---

For the year ended February 28, 2026, in-kind transactions were as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *In-kind* <br>*Purchases*<br>| &nbsp;&nbsp; *In-kind* <br>*Sales*<br>|
| Government/Credit Bond | &nbsp;&nbsp; $5178698 | &nbsp;&nbsp;&nbsp; $30757174 |
| Intermediate Government/Credit Bond | &nbsp;&nbsp; 731985718 | &nbsp;&nbsp;&nbsp; 232846922 |
| MBS | &nbsp;&nbsp; 5277864109 | &nbsp;&nbsp;&nbsp; — |

---

***7. INCOME TAX INFORMATION***

Each Fund is treated as an entity separate from the Trust's other funds for federal income tax purposes. It is each Fund's policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of February 28, 2026, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds' financial statements. Management's analysis is based on the tax laws and judicial and administrative interpretations thereof in effect as of the date of these financial statements, all of which are subject to change, possibly with retroactive effect, which may impact the Funds' NAV.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 28, 2026, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Paid-in Capital* | &nbsp;&nbsp; *Accumulated* <br>*Earnings (Loss)*<br>|
| Government/Credit Bond | &nbsp;&nbsp; $(938156) | &nbsp;&nbsp;&nbsp; $938156 |
| Intermediate Government/Credit Bond | &nbsp;&nbsp; 1023897 | &nbsp;&nbsp;&nbsp; (1023897) |

---

The tax character of distributions paid was as follows:

---

| | | |
|:---|:---|:---|
| *iShares ETF* | *Year Ended* <br>*02/28/26*<br>| &nbsp;&nbsp; *Year Ended* <br>*02/28/25*<br>|
| Government/Credit Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $5344266 | &nbsp;&nbsp;&nbsp; $8871780 |
| Intermediate Government/Credit Bond |  |  |
| Ordinary income | &nbsp;&nbsp; $125682611 | &nbsp;&nbsp;&nbsp; $110685242 |
| MBS |  |  |
| Ordinary income | &nbsp;&nbsp; $1664723962 | &nbsp;&nbsp;&nbsp; $1283920660 |

---

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

As of February 28, 2026, the tax components of accumulated earnings (loss) were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Undistributed* <br>*Ordinary Income*<br>| &nbsp;&nbsp; *Non-expiring* <br>*Capital Loss* <br>*Carryforwards*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Net Unrealized* <br>*Gains (Losses)*<sup>(b)</sup> <br>| *Total* |
| Government/Credit Bond | &nbsp;&nbsp; $391019 | &nbsp;&nbsp;&nbsp; $(6810408) | &nbsp;&nbsp;&nbsp; $(4956695) | &nbsp;&nbsp;&nbsp; $(11376084) |
| Intermediate Government/Credit Bond | &nbsp;&nbsp; 11308115 | &nbsp;&nbsp;&nbsp; (50178331) | &nbsp;&nbsp;&nbsp; 17593445 | &nbsp;&nbsp;&nbsp; (21276771) |
| MBS | &nbsp;&nbsp; 135762114 | &nbsp;&nbsp;&nbsp; (691687666) | &nbsp;&nbsp;&nbsp; (778794794) | &nbsp;&nbsp;&nbsp; (1334720346) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Amounts available to offset future realized capital gains.

<sup>(b)</sup> The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities and TBA transactions. 

As of February 28, 2026, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *iShares ETF* | *Tax Cost* | &nbsp;&nbsp; *Gross Unrealized* <br>*Appreciation*<br>| &nbsp;&nbsp; *Gross Unrealized* <br>*Depreciation*<br>| &nbsp;&nbsp; *Net Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Government/Credit Bond | &nbsp;&nbsp; $137279840 | &nbsp;&nbsp;&nbsp; $2022772 | &nbsp;&nbsp;&nbsp; $(6979467) | &nbsp;&nbsp;&nbsp; $(4956695) |
| Intermediate Government/Credit Bond | &nbsp;&nbsp; 3879809629 | &nbsp;&nbsp;&nbsp; 50688886 | &nbsp;&nbsp;&nbsp; (33095441) | &nbsp;&nbsp;&nbsp; 17593445 |
| MBS | &nbsp;&nbsp; 42774559708 | &nbsp;&nbsp;&nbsp; 707894404 | &nbsp;&nbsp;&nbsp; (1486689198) | &nbsp;&nbsp;&nbsp; (778794794) |

---

***8. PRINCIPAL RISKS***

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject each Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund's prospectus provides details of the risks to which the Fund is subject.

BFA uses an indexing approach to try to achieve each Fund's investment objective. The Funds are not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to mandatory and discretionary liquidity fees under certain circumstances.

**Market Risk:** Each Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force each Fund to reinvest in lower yielding securities. Each Fund may also be exposed to reinvestment risk, which is the risk that income from each Fund's portfolio will decline if each Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below each Fund portfolio's current earnings rate.

Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions, credit rating downgrades, or the bankruptcy of the issuer could have a significant effect on an issuer's ability to make payments of principal and/or interest or otherwise affect the value of such securities. Municipal securities can be significantly affected by political or economic changes, including changes made in the law after issuance of the securities, as well as uncertainties in the municipal market related to, taxation, legislative changes or the rights of municipal security holders, including in connection with an issuer insolvency. Municipal securities backed by current or anticipated revenues from a specific project or specific assets can be negatively affected by the discontinuance of the tax benefits supporting the project or assets or the inability to collect revenues for the project or from the assets. Municipal securities may be less liquid than taxable bonds, and there may be less publicly available information on the financial condition of municipal security issuers than for issuers of other securities.

**Counterparty Credit Risk:** The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds' exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

**Geographic/Asset Class Risk:** A diversified portfolio, where this is appropriate and consistent with a fund's objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund's portfolio are disclosed in its Schedule of Investments.

The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed

2026 iShares Annual Financial Statements and Additional Information

------

*Notes to Financial Statements* (continued)

and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative "debt ceiling." Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the Funds invest.

The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates during a period of historically low interest rates. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility, and could negatively impact the Funds' performance.

The Fund invests a significant portion of its assets in securities backed by commercial or residential mortgage loans or in issuers that hold mortgage and other asset-backed securities. When a fund concentrates its investments in this manner, it assumes a greater risk of prepayment or payment extension by securities issuers. Changes in economic conditions, including delinquencies and/or defaults on assets underlying these securities, can affect the value, income and/or liquidity of such positions. Investment percentages in these securities are presented in the Schedule of Investments.

**Significant Shareholder Redemption Risk:** Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund's NAV, increase the fund's brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

***9. CAPITAL SHARE TRANSACTIONS***

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof ("Creation Units") at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

Transactions in capital shares were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Year Ended <br>02/28/26 | Year Ended <br>02/28/26 | Year Ended <br>02/28/25 | Year Ended <br>02/28/25 |
| *iShares ETF* | *Shares* | *Amount* | *Shares* | *Amount* |
| Government/Credit Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp; $5222618 | &nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp; $5111737 |
| Shares redeemed | &nbsp;&nbsp; (300000)<br>| &nbsp;&nbsp;&nbsp; (31272764)<br>| &nbsp;&nbsp;&nbsp; (1750000)<br>| &nbsp;&nbsp;&nbsp; (180702502)<br>|
|  | &nbsp;&nbsp; (250000)<br>| &nbsp;&nbsp;&nbsp; $(26050146)<br>| &nbsp;&nbsp;&nbsp; (1700000)<br>| &nbsp;&nbsp;&nbsp; $(175590765)<br>|
| Intermediate Government/Credit Bond |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 6900000 | &nbsp;&nbsp;&nbsp; $737319534 | &nbsp;&nbsp;&nbsp; 6350000 | &nbsp;&nbsp;&nbsp; $663884206 |
| Shares redeemed | &nbsp;&nbsp; (2200000)<br>| &nbsp;&nbsp;&nbsp; (235273772)<br>| &nbsp;&nbsp;&nbsp; (5600000)<br>| &nbsp;&nbsp;&nbsp; (585236182)<br>|
|  | &nbsp;&nbsp; 4700000 | &nbsp;&nbsp;&nbsp; $502045762 | &nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; $78648024 |
| MBS |  |  |  |  |
| Shares sold | &nbsp;&nbsp; 57000000 | &nbsp;&nbsp;&nbsp; $5335219877 | &nbsp;&nbsp;&nbsp; 99400000 | &nbsp;&nbsp;&nbsp; $9186606386 |
| Shares redeemed | &nbsp;&nbsp; (46200000)<br>| &nbsp;&nbsp;&nbsp; (4386371702)<br>| &nbsp;&nbsp;&nbsp; (2700000)<br>| &nbsp;&nbsp;&nbsp; (246099095)<br>|
|  | &nbsp;&nbsp; 10800000 | &nbsp;&nbsp;&nbsp; $948848175 | &nbsp;&nbsp;&nbsp; 96700000 | &nbsp;&nbsp;&nbsp; $8940507291 |

---

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to BRIL, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

To the extent applicable, to facilitate the timely settlement of orders for the Funds using a clearing facility outside of the continuous net settlement process, the Funds, at their sole discretion, may permit an Authorized Participant to post cash as collateral in anticipation of the delivery of all or a portion of the applicable Deposit Securities or Fund Securities, as further described in the applicable Authorized Participant Agreement. The collateral process is subject to a Control Agreement among the Authorized Participant, each Funds' custodian, and the Funds. In the event that the Authorized Participant fails to deliver all or a portion of the applicable Deposit Securities or Fund Securities, the Funds may exercise control over such collateral pursuant to the terms of the Control Agreement in order to purchase the applicable Deposit Securities or Fund Securities.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

Notes to Financial Statements

------

*Notes to Financial Statements* (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

***10. SUBSEQUENT EVENTS***

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

2026 iShares Annual Financial Statements and Additional Information

------

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of iShares Trust and Shareholders of each of the three funds listed in the table below

***Opinions on the Financial Statements***

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (three of the funds constituting iShares Trust, hereafter collectively referred to as the "Funds") as of February 28, 2026, the related statements of operations for the year ended February 28, 2026, the statements of changes in net assets for each of the two years in the period ended February 28, 2026, including the related notes, and the financial highlights for each of the five years in the period ended February 28, 2026 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds listed in the table below as of February 28, 2026, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 28, 2026 and each of the financial highlights for each of the five years in the period ended February 28, 2026 in conformity with accounting principles generally accepted in the United States of America.

iShares Government/Credit Bond ETF <br> iShares Intermediate Government/Credit Bond ETF <br> iShares MBS ETF

***Basis for Opinions***

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

April 21, 2026

We have served as the auditor of one or more BlackRock investment companies since 2000.

Report of Independent Registered Public Accounting Firm

------

Important Tax Information (unaudited)

The Funds hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Federal Obligation* <br>*Interest*<br>|
| Government/Credit Bond | &nbsp;&nbsp; $2738699 |
| Intermediate Government/Credit Bond | &nbsp;&nbsp; 76106512 |
| MBS | &nbsp;&nbsp; 2335997 |

---

The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest Dividends* |
| Government/Credit Bond | &nbsp;&nbsp; $5138220 |
| Intermediate Government/Credit Bond | &nbsp;&nbsp; 127683709 |
| MBS | &nbsp;&nbsp; 1670618683 |

---

The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 28, 2026:

---

| | |
|:---|:---|
| *iShares ETF* | *Interest-Related* <br>*Dividends*<br>|
| Government/Credit Bond | &nbsp;&nbsp; $4616781 |
| Intermediate Government/Credit Bond | &nbsp;&nbsp; 115997376 |
| MBS | &nbsp;&nbsp; 1670618683 |

---

2026 iShares Annual Financial Statements and Additional Information

------

Additional Information

**Premium/Discount Information**

Information on the Fund's net asset value, market price, premiums and discounts, and bid-ask spreads can be found at **iShares.com**.

**Electronic Delivery**

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at **iShares.com**. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

To enroll in electronic delivery:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Go to **icsdelivery.com**.

• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

**Changes in and Disagreements with Accountants** 

Not applicable.

**Proxy Results**

Not applicable.

**Remuneration Paid to Trustees, Officers, and Others** 

Because BFA has agreed in the Investment Advisory Agreements to cover all operating expenses of the Funds, subject to certain exclusions as provided for therein, BFA pays the compensation to each Independent Trustee for services to the Funds from BFA's investment advisory fees.

**Availability of Portfolio Holdings Information**

A description of the Company's policies and procedures with respect to the disclosure of the Fund's portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets, when available, at **iShares.com**.

Additional Information

------

Glossary of Terms Used in these Financial Statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| BAB | Build America Bond |
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury |
| GO | General Obligation |
| GOL | General Obligation Limited |
| NPFGC | National Public Finance Guarantee Corp. |
| RB | Revenue Bonds |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |
| TBA | To-Be-Announced |

---

2026 iShares Annual Financial Statements and Additional Information

------

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------

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Want to know more?

**iShares.com** \| 1-800-474-2737

**This report is intended for the Funds' shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.**

**Investing involves risk, including possible loss of principal.**

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg Index Services Limited, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.©2026 BlackRock, Inc. All rights reserved. **iSHARES** and **BLACKROCK** are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

![](g147625imgd8fefbe22.gif)

![](g147625img24576cc13.gif)

------

Item 8 – Changes in and Disagreements with Accountants for Open-End Management Investment Companies – See Item 7

Item 9 – Proxy Disclosures for Open-End Management Investment Companies – See Item 7

Item 10 – Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies – See Item 7

Item 11 – Statement Regarding Basis for Approval of Investment Advisory Contract – Not Applicable

Item 12 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies – Not Applicable

Item 13 – Portfolio Managers of Closed-End Management Investment Companies – Not Applicable

Item 14 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers – Not Applicable

---

| | |
|:---|:---|
| Item 15 – | Submission of Matters to a Vote of Security Holders – There have been no material changes to these procedures.  |

---

Item 16 – Controls and Procedures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act")) are effective as of a date within 90 days of the filing date of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

------

Item 17 – Disclosure of Securities Lending Activities for Closed-End Management Investment Companies – Not Applicable

Item 18 – Recovery of Erroneously Awarded Compensation – Not Applicable

Item 19 – Exhibits attached hereto

[(a)(1) Code of Ethics – See Item 2](d147625dncsr.htm#sig)

(a)(2) Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the registrant's securities are listed – Not Applicable

[(a)(3) Section 302 Certifications are attached](d147625dex99cert.htm)

(a)(4) Any written solicitation to purchase securities under Rule 23c-1 – Not Applicable

(a)(5) Change in registrant's independent public accountant – Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[(b) Section 906 Certifications are attached](d147625dex99906cert.htm)

------

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

iShares Trust

---

| | |
|:---|:---|
| By: | <u>/s/ Jessica Tan</u> |
|  | Jessica Tan |
|  | President (principal executive officer) of<br> iShares Trust |
| Date: April 21, 2026 | Date: April 21, 2026 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | <u>/s/ Jessica Tan</u> |
|  | Jessica Tan |
|  | President (principal executive officer) of<br> iShares Trust |
| Date: April 21, 2026 | Date: April 21, 2026 |

---

---

| | |
|:---|:---|
| By: | <u>/s/ Trent Walker</u> |
|  | Trent Walker |
|  | Treasurer and Chief Financial Officer (principal financial officer) of<br> iShares Trust |
| Date: April 21, 2026 | Date: April 21, 2026 |

---

## Ex-99.Cert

**EX-99. CERT** 

**CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002** 

I, Jessica Tan, President (principal executive officer) of iShares Trust, certify that:

1. I have reviewed this report on Form N-CSR of iShares Trust for the following nineteen series: iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares 10+ Year Investment Grade Corporate Bond ETF, iShares 5-10 Year Investment Grade Corporate Bond ETF, iShares Broad USD Investment Grade Corporate Bond ETF, iShares Core 10+ Year USD Bond ETF, iShares Core 5-10 Year USD Bond ETF, iShares Core U.S. Aggregate Bond ETF, iShares ESG Advanced Universal USD Bond ETF (formerly iShares ESG Advanced Total USD Bond Market ETF), iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares ESG Aware U.S. Aggregate Bond ETF, iShares ESG Aware USD Corporate Bond ETF, iShares Government/Credit Bond ETF, iShares High Yield Systematic Bond ETF, iShares iBoxx $ High Yield Corporate Bond ETF, iShares iBoxx $ Investment Grade Corporate Bond ETF, iShares Intermediate Government/Credit Bond ETF, iShares Investment Grade Systematic Bond ETF, iShares MBS ETF, and iShares Total USD Fixed Income Market ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

------

---

| |
|:---|
| Date: April 21, 2026 |
| <u>/s/ Jessica Tan</u> |
| Jessica Tan |
| President (principal executive officer) of<br> iShares Trust |

---

------

**EX-99. CERT** 

**CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002** 

I, Trent Walker, Treasurer and Chief Financial Officer (principal financial officer) of iShares Trust, certify that:

1. I have reviewed this report on Form N-CSR of iShares Trust for the following nineteen series: iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares 10+ Year Investment Grade Corporate Bond ETF, iShares 5-10 Year Investment Grade Corporate Bond ETF, iShares Broad USD Investment Grade Corporate Bond ETF, iShares Core 10+ Year USD Bond ETF, iShares Core 5-10 Year USD Bond ETF, iShares Core U.S. Aggregate Bond ETF, iShares ESG Advanced Universal USD Bond ETF(formerly iShares ESG Advanced Total USD Bond Market ETF), iShares ESG Aware 1-5 Year USD Corporate Bond ETF, iShares ESG Aware U.S. Aggregate Bond ETF, iShares ESG Aware USD Corporate Bond ETF, iShares Government/Credit Bond ETF, iShares High Yield Systematic Bond ETF, iShares iBoxx $ High Yield Corporate Bond ETF, iShares iBoxx $ Investment Grade Corporate Bond ETF, iShares Intermediate Government/Credit Bond ETF, iShares Investment Grade Systematic Bond ETF, iShares MBS ETF, and iShares Total USD Fixed Income Market ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

------

---

| |
|:---|
| Date: April 21, 2026 |
| <u>/s/ Trent Walker</u> |
| Trent Walker |
| Treasurer and Chief Financial Officer (principal financial officer) of<br> iShares Trust |

---

## Exhibit 99.906

**Exhibit 99.906CERT** 

**Certification Pursuant to Rule 30a-2(b) under the 1940 Act and** 

**Section 906 of the Sarbanes-Oxley Act of 2002** 

Pursuant to 18 U.S.C. § 1350, the undersigned officer of iShares Trust (the "Registrant"), hereby certifies, to the best of their knowledge, that the Registrant's Report on Form N-CSR for the period ended February 28, 2026 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: April 21, 2026

---

| |
|:---|
| <u>/s/ Jessica Tan</u> |
| Jessica Tan |
| President (principal executive officer) of |

---

iShares Trust

Pursuant to 18 U.S.C. § 1350, the undersigned officer of iShares Trust (the "Registrant"), hereby certifies, to the best of their knowledge, that the Registrant's Report on Form N-CSR for the period ended February 28, 2026 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

---

| |
|:---|
| Date: April 21, 2026 |
| <u>/s/ Trent Walker</u> |
| Trent Walker |
| Treasurer and Chief Financial Officer (principal financial officer) of<br> iShares Trust |

---

This certification is being furnished pursuant to Rule 30a-2(b) under the Investment Company Act of 1940, as amended, and 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR with the Securities and Exchange Commission**.**